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The Estee Lauder Companies Inc. Declares Quarterly Dividend of $.085 Per Share

    NEW YORK, May 5 /PRNewswire/ -- The Board of Directors of The Estee Lauder
Companies Inc. (NYSE: EL) today declared a quarterly dividend of $.085 per
share on the Company's Class A and Class B common stock, payable on
July 2, 1998 to stockholders of record at the close of business on
June 15, 1998.
    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 100 countries and
territories under well-recognized brand names, including Estee Lauder,
Clinique, Aramis, Prescriptives, Origins, M-A-C, Bobbi Brown essentials, Tommy
Hilfiger, jane, Donna Karan Cosmetics and Aveda.
    Estee Lauder press releases are available at no charge through Estee
Lauder Companies News On-Call fax service.  For a menu of Estee Lauder press
releases or to retrieve a specific release, call 800-758-5804, extension
251850, or use the Internet via
http://www.prnewswire.com/cnoc/exec/menu?251850/


SOURCE The Estee Lauder Companies, Inc.




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Company News On-Call:
  • http://www.prnewswire.com or
    fax, 800-758-5804, ext. 251850
    CONTACT:
    Dennis D'Andrea, Investor Relations,
    212-572-4384, or Mary Carroll Linder, Media Relations,
    212-572-4430, both of The Estee Lauder Companies, Inc.