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, Aug. 14 /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
September 27, 1996 to stockholders of record at the close of business on
September 13, 1996.
    The Estee Lauder Companies Inc. is one of the world's leading
manufacturers and marketers of prestige 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. and Bobbi Brown essentials.

SOURCE Estee Lauder Companies Inc.

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CONTACT:
Investor Relations: Gina R. Boswell,
212-572-4384, or Media Relations: Karen O''Connor, 212-572-4439,
both of Estee Lauder Companies