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

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

    NEW YORK, Feb. 3 /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
April 2, 1998 to stockholders of record at the close of business on
March 16, 1998.
    The Estee Lauder Companies Inc. is one of the world's leading
manufacturers and marketers of quality skin care, makeup and fragrance
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 and Aveda.

SOURCE The Estee Lauder Companies Inc.

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CONTACT:
Dennis D'Andrea, investors, 212-572-4384, or
Mary Carroll Linder, media, 212-572-4430, both for the Estee
Lauder Companies