================================================================================
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                               September 19, 2005

                         The Estee Lauder Companies Inc.
             (Exact name of registrant as specified in its charter)

             Delaware                1-14064                  11-2408943
(State or other jurisdiction    (Commission File    (IRS Employer Identification
        of incorporation)            Number)                       No.)

767 Fifth Avenue, New York, New York                                    10153
(Address of principal executive offices)                              (Zip Code)

               Registrant's telephone number, including area code
                                  212-572-4200

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
================================================================================


<PAGE>


ITEM  7.01  Regulation FD Disclosure.

On September 19, 2005, The Estee Lauder Companies Inc. issued a press release
regarding its guidance expectations. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM  9.01  Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.           Description
-----------           -----------

   99.1               Press release dated September 19, 2005 of The Estee Lauder
                      Companies Inc.


                                   SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                 THE ESTEE LAUDER COMPANIES INC.

Date:  September 19, 2005                         By:  /s/RICHARD W. KUNES
                                                     ------------------------
                                                          Richard W. Kunes
                                                      Executive Vice President
                                                     and Chief Financial Officer
                                                      (Principal Financial and
                                                         Accounting Officer)


<PAGE>


                         THE ESTEE LAUDER COMPANIES INC.

                                  EXHIBIT INDEX



Exhibit No.           Description
-----------           -----------

   99.1               Press release dated September 19, 2005 of The Estee Lauder
                      Companies Inc.

<PAGE>


                                                                    Exhibit 99.1
THE                                                                         News
ESTEE LAUDER                                                            Contact:
COMPANIES INC.                                               Investor Relations:
                                                                 Dennis D'Andrea
                                                                  (212) 572-4384


767 Fifth Avenue                                                Media Relations:
New York, NY  10153                                                 Sally Susman
                                                                  (212) 572-4430
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE:


       Estee Lauder Companies Reaffirms Outlook for Fiscal 2006 Full Year

                        Modifies First Half Expectations


New York, NY, September 19, 2005 - The Estee Lauder Companies Inc. (NYSE: EL)
today reaffirmed its previously announced guidance for sales and earnings per
share for its fiscal full year ending June 30, 2006 and revised its outlook for
its first half results.

For the 2006 full fiscal year, the Company continues to expect net sales in
constant currency to grow between 5.5% and 6.5% versus fiscal 2005. The Company
now expects foreign currency translation to negatively impact its reported
results by approximately 1%. At the same time the Company also continues to
expect to achieve diluted earnings per share of between $1.95 and $2.00 for the
fiscal 2006 year. This full year earnings per share estimate includes a slightly
more than $.14 per share impact from expensing stock-based compensation, as well
as a two to three cent per share estimated impact of potential store closures
and or business disruptions related to the merger of Federated Department
Stores, Inc. and The May Department Stores Company.

On its fiscal 2005 year end conference call on August 16, 2005, the Company
stated that it runs its business on an annual basis and acknowledged that it
does experience volatility in its quarterly results, due, in part, to the timing
of product launches and investment spending. The Company does not provide
quarterly guidance and continues to believe that its current policy of providing
half-year and full-year guidance best tracks the seasonality of its business.
However, the Company also believes it is in the best interest of both its
current and potential stockholders to communicate, when appropriate, significant
fluctuations in its expected fiscal quarterly results. With that in mind, net
sales for the first quarter of fiscal 2006 are expected to grow in the
low-single digits in constant currency. This expectation reflects soft sales
primarily in the Americas, where the Company has recently been impacted by
weakness at certain retailers, the general consumer response to higher oil and
gas prices, softness in the Southeast region due to the effects of Hurricane
Katrina and lower than expected sales from promotional programs. The combined
impact of these business conditions, the Company's planned product launches and
investment

                                  Page 1 of 3
<PAGE>

spending, as well as the timing of expensing of stock-based compensation,
is expected to result in the Company's fiscal 2006 first quarter net earnings
being significantly below the same prior-year period.

Notwithstanding the expected first quarter decline, the Company's business plan
reflects improvement in its fiscal second quarter. As a result of the
abovementioned business conditions, net sales for the first half of fiscal 2006
are now expected to grow between 5% and 6% in constant currency compared with
previous expectations of between 7% and 8%. Foreign currency translation is
estimated to negatively impact first half sales by approximately 1%, versus the
first half of fiscal 2005. The Company said that its estimate for earnings per
share for the first half of fiscal 2006 is now expected to be between $.87 and
$.92, including a $.10 impact from expensing stock based compensation.

The Company believes that with the product launches and programs in place for
the fiscal second half it will be able to recoup the expected first half sales
and earnings shortfall. Risks to the Company's current estimates include the
continued negative impact on its business resulting from Hurricane Katrina, as
well as the economic effect on raw material prices, consumer spending and the
retail environment in the U.S. caused by sustained high oil and gas prices.
Further risks include those listed below under "Forward-Looking Statements."

The Estee Lauder Companies Inc. President and CEO, William Lauder, and Executive
Vice President and CFO, Richard Kunes, will make a presentation tomorrow,
September 20th, at the Bank of America 35th Annual Investment Conference.
Investors may access a live webcast of this presentation on The Estee Lauder
Companies website at www.elcompanies.com on Tuesday, September 20th at 3:00 pm
PT.

Forward-Looking Statements
--------------------------

The forward-looking statements in this press release, including those containing
words like "expect," "believe," "planned," "may," "could," "should,"
"anticipate" and "estimate" involve risks and uncertainties. Factors that could
cause actual results to differ materially from those forward-looking statements
include the following:
     (1)  increased competitive activity from companies in the skin care,
          makeup, fragrance and hair care businesses, some of which have greater
          resources than the Company does;
     (2)  the Company's ability to develop, produce and market new products on
          which future operating results may depend;
     (3)  consolidations, restructurings, bankruptcies and reorganizations in
          the retail industry causing a decrease in the number of stores that
          sell the Company's products, an increase in the ownership
          concentration within the retail industry, ownership of retailers by
          the Company's competitors and ownership of competitors by the
          Company's customers that are retailers;
     (4)  shifts in the preferences of consumers as to where and how they shop
          for the types of products and services the Company sells;
     (5)  social, political and economic risks to the Company's foreign or
          domestic manufacturing, distribution and retail operations, including
          changes in foreign investment and trade policies and regulations of
          the host countries and of the United States;
     (6)  changes in the laws, regulations and policies that affect, or will
          affect, the Company's business, including changes in accounting
          standards, tax laws and regulations, trade rules and customs
          regulations, and the outcome and expense of legal or regulatory
          proceedings, and any action the Company may take as a result;
     (7)  foreign currency fluctuations affecting the Company's results of
          operations and the value of its foreign assets, the relative prices at
          which the Company and its foreign competitors sell products in the
          same markets and the Company's operating and manufacturing costs
          outside of the United States;

                                   Page 2 of 3
<PAGE>

     (8)  changes in global or local conditions, including those due to natural
          or man-made disasters or energy costs, that could affect consumer
          purchasing, the willingness of consumers to travel, the financial
          strength of the Company's customers or suppliers, the Company's
          operations, the cost and availability of capital which the Company may
          need for new equipment, facilities or acquisitions, the cost and
          availability of raw materials and the assumptions underlying the
          Company's critical accounting estimates;
     (9)  shipment delays, depletion of inventory and increased production costs
          resulting from disruptions of operations at any of the facilities
          which, due to consolidations in the Company's manufacturing
          operations, now manufacture nearly all of the Company's supply of a
          particular type of product (i.e., focus factories);
     (10) real estate rates and availability, which may affect the Company's
          ability to increase the number of retail locations at which the
          Company sells its products and the costs associated with the Company's
          other facilities;
     (11) changes in product mix to products which are less profitable;
     (12) the Company's ability to acquire or develop new information and
          distribution technologies, on a timely basis and within the Company's
          cost estimates;
     (13) the Company's ability to capitalize on opportunities for improved
          efficiency, such as globalization, and to integrate acquired
          businesses and realize value therefrom;
     (14) consequences attributable to the events that are currently taking
          place in the Middle East, including terrorist attacks, retaliation and
          the threat of further attacks or retaliation; and
     (15) the impact of repatriating certain of the Company's foreign earnings
          to the United States in connection with The American Jobs Creation Act
          of 2004.

     The Company assumes no responsibility to update forward-looking statements
made herein or otherwise.

The Estee Lauder Companies Inc. is one of the world's leading manufacturers and
marketers of quality skin care, makeup, fragrance and hair care products. The
Company's products are sold in over 130 countries and territories under
well-recognized brand names, including Estee Lauder, Clinique, Aramis,
Prescriptives, Origins, M.A.C, Bobbi Brown, Tommy Hilfiger, La Mer, Donna Karan,
Aveda, Stila, Jo Malone, Bumble and bumble, Darphin, Michael Kors, Rodan +
Fields, American Beauty, Flirt!, Good Skin(TM), Donald Trump The Fragrance and
Grassroots.

An electronic version of this release can be found at the Company's website,
www.elcompanies.com.
--------------------

                                      # # #

                                  Page 3 of 3
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{"company-data": {"conformed-name": "ESTEE LAUDER COMPANIES INC", "cik": "0001001250", "assigned-sic": "2844", "irs-number": "112408943", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14064", "film-number": "051092203"}, "business-address": {"street1": "767 FIFTH AVE", "city": "NEW YORK", "state": "NY", "zip": "10153", "phone": "2125724200"}, "mail-address": {"street1": "767 FIFTH AVE", "city": "NEW YORK", "state": "NY", "zip": "10153"}}
================================================================================
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                               September 19, 2005

                         The Estee Lauder Companies Inc.
             (Exact name of registrant as specified in its charter)

             Delaware                1-14064                  11-2408943
(State or other jurisdiction    (Commission File    (IRS Employer Identification
        of incorporation)            Number)                       No.)

767 Fifth Avenue, New York, New York                                    10153
(Address of principal executive offices)                              (Zip Code)

               Registrant's telephone number, including area code
                                  212-572-4200

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
================================================================================
ITEM  7.01  Regulation FD Disclosure.

On September 19, 2005, The Estee Lauder Companies Inc. issued a press release
regarding its guidance expectations. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM  9.01  Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.           Description
-----------           -----------

   99.1               Press release dated September 19, 2005 of The Estee Lauder
                      Companies Inc.

                                   SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                 THE ESTEE LAUDER COMPANIES INC.

Date:  September 19, 2005                         By:  /s/RICHARD W. KUNES
                                                     ------------------------
                                                          Richard W. Kunes
                                                      Executive Vice President
                                                     and Chief Financial Officer
                                                      (Principal Financial and
                                                         Accounting Officer)
THE ESTEE LAUDER COMPANIES INC.

                                  EXHIBIT INDEX

Exhibit No.           Description
-----------           -----------

   99.1               Press release dated September 19, 2005 of The Estee Lauder
                      Companies Inc.
Exhibit 99.1
THE                                                                         News
ESTEE LAUDER                                                            Contact:
COMPANIES INC.                                               Investor Relations:
                                                                 Dennis D'Andrea
                                                                  (212) 572-4384

767 Fifth Avenue                                                Media Relations:
New York, NY  10153                                                 Sally Susman
                                                                  (212) 572-4430
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE:

       Estee Lauder Companies Reaffirms Outlook for Fiscal 2006 Full Year

                        Modifies First Half Expectations

New York, NY, September 19, 2005 - The Estee Lauder Companies Inc. (NYSE: EL)
today reaffirmed its previously announced guidance for sales and earnings per
share for its fiscal full year ending June 30, 2006 and revised its outlook for
its first half results.

For the 2006 full fiscal year, the Company continues to expect net sales in
constant currency to grow between 5.5% and 6.5% versus fiscal 2005. The Company
now expects foreign currency translation to negatively impact its reported
results by approximately 1%. At the same time the Company also continues to
expect to achieve diluted earnings per share of between $1.95 and $2.00 for the
fiscal 2006 year. This full year earnings per share estimate includes a slightly
more than $.14 per share impact from expensing stock-based compensation, as well
as a two to three cent per share estimated impact of potential store closures
and or business disruptions related to the merger of Federated Department
Stores, Inc. and The May Department Stores Company.

On its fiscal 2005 year end conference call on August 16, 2005, the Company
stated that it runs its business on an annual basis and acknowledged that it
does experience volatility in its quarterly results, due, in part, to the timing
of product launches and investment spending. The Company does not provide
quarterly guidance and continues to believe that its current policy of providing
half-year and full-year guidance best tracks the seasonality of its business.
However, the Company also believes it is in the best interest of both its
current and potential stockholders to communicate, when appropriate, significant
fluctuations in its expected fiscal quarterly results. With that in mind, net
sales for the first quarter of fiscal 2006 are expected to grow in the
low-single digits in constant currency. This expectation reflects soft sales
primarily in the Americas, where the Company has recently been impacted by
weakness at certain retailers, the general consumer response to higher oil and
gas prices, softness in the Southeast region due to the effects of Hurricane
Katrina and lower than expected sales from promotional programs. The combined
impact of these business conditions, the Company's planned product launches and
investment

                                  Page 1 of 3
spending, as well as the timing of expensing of stock-based compensation,
is expected to result in the Company's fiscal 2006 first quarter net earnings
being significantly below the same prior-year period.

Notwithstanding the expected first quarter decline, the Company's business plan
reflects improvement in its fiscal second quarter. As a result of the
abovementioned business conditions, net sales for the first half of fiscal 2006
are now expected to grow between 5% and 6% in constant currency compared with
previous expectations of between 7% and 8%. Foreign currency translation is
estimated to negatively impact first half sales by approximately 1%, versus the
first half of fiscal 2005. The Company said that its estimate for earnings per
share for the first half of fiscal 2006 is now expected to be between $.87 and
$.92, including a $.10 impact from expensing stock based compensation.

The Company believes that with the product launches and programs in place for
the fiscal second half it will be able to recoup the expected first half sales
and earnings shortfall. Risks to the Company's current estimates include the
continued negative impact on its business resulting from Hurricane Katrina, as
well as the economic effect on raw material prices, consumer spending and the
retail environment in the U.S. caused by sustained high oil and gas prices.
Further risks include those listed below under "Forward-Looking Statements."

The Estee Lauder Companies Inc. President and CEO, William Lauder, and Executive
Vice President and CFO, Richard Kunes, will make a presentation tomorrow,
September 20th, at the Bank of America 35th Annual Investment Conference.
Investors may access a live webcast of this presentation on The Estee Lauder
Companies website at www.elcompanies.com on Tuesday, September 20th at 3:00 pm
PT.

Forward-Looking Statements
--------------------------

The forward-looking statements in this press release, including those containing
words like "expect," "believe," "planned," "may," "could," "should,"
"anticipate" and "estimate" involve risks and uncertainties. Factors that could
cause actual results to differ materially from those forward-looking statements
include the following:
     (1)  increased competitive activity from companies in the skin care,
          makeup, fragrance and hair care businesses, some of which have greater
          resources than the Company does;
     (2)  the Company's ability to develop, produce and market new products on
          which future operating results may depend;
     (3)  consolidations, restructurings, bankruptcies and reorganizations in
          the retail industry causing a decrease in the number of stores that
          sell the Company's products, an increase in the ownership
          concentration within the retail industry, ownership of retailers by
          the Company's competitors and ownership of competitors by the
          Company's customers that are retailers;
     (4)  shifts in the preferences of consumers as to where and how they shop
          for the types of products and services the Company sells;
     (5)  social, political and economic risks to the Company's foreign or
          domestic manufacturing, distribution and retail operations, including
          changes in foreign investment and trade policies and regulations of
          the host countries and of the United States;
     (6)  changes in the laws, regulations and policies that affect, or will
          affect, the Company's business, including changes in accounting
          standards, tax laws and regulations, trade rules and customs
          regulations, and the outcome and expense of legal or regulatory
          proceedings, and any action the Company may take as a result;
     (7)  foreign currency fluctuations affecting the Company's results of
          operations and the value of its foreign assets, the relative prices at
          which the Company and its foreign competitors sell products in the
          same markets and the Company's operating and manufacturing costs
          outside of the United States;

                                   Page 2 of 3
(8)  changes in global or local conditions, including those due to natural
          or man-made disasters or energy costs, that could affect consumer
          purchasing, the willingness of consumers to travel, the financial
          strength of the Company's customers or suppliers, the Company's
          operations, the cost and availability of capital which the Company may
          need for new equipment, facilities or acquisitions, the cost and
          availability of raw materials and the assumptions underlying the
          Company's critical accounting estimates;
     (9)  shipment delays, depletion of inventory and increased production costs
          resulting from disruptions of operations at any of the facilities
          which, due to consolidations in the Company's manufacturing
          operations, now manufacture nearly all of the Company's supply of a
          particular type of product (i.e., focus factories);
     (10) real estate rates and availability, which may affect the Company's
          ability to increase the number of retail locations at which the
          Company sells its products and the costs associated with the Company's
          other facilities;
     (11) changes in product mix to products which are less profitable;
     (12) the Company's ability to acquire or develop new information and
          distribution technologies, on a timely basis and within the Company's
          cost estimates;
     (13) the Company's ability to capitalize on opportunities for improved
          efficiency, such as globalization, and to integrate acquired
          businesses and realize value therefrom;
     (14) consequences attributable to the events that are currently taking
          place in the Middle East, including terrorist attacks, retaliation and
          the threat of further attacks or retaliation; and
     (15) the impact of repatriating certain of the Company's foreign earnings
          to the United States in connection with The American Jobs Creation Act
          of 2004.

     The Company assumes no responsibility to update forward-looking statements
made herein or otherwise.

The Estee Lauder Companies Inc. is one of the world's leading manufacturers and
marketers of quality skin care, makeup, fragrance and hair care products. The
Company's products are sold in over 130 countries and territories under
well-recognized brand names, including Estee Lauder, Clinique, Aramis,
Prescriptives, Origins, M.A.C, Bobbi Brown, Tommy Hilfiger, La Mer, Donna Karan,
Aveda, Stila, Jo Malone, Bumble and bumble, Darphin, Michael Kors, Rodan +
Fields, American Beauty, Flirt!, Good Skin(TM), Donald Trump The Fragrance and
Grassroots.

An electronic version of this release can be found at the Company's website,
www.elcompanies.com.
--------------------

                                      # # #

                                  Page 3 of 3