SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Higson John (Last) (First) (Middle) AVON PRODUCTS, INC. 1345 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/26/2006	3. Issuer Name and Ticker or Trading Symbol AVON PRODUCTS INC [ AVP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)(1)	03/14/2003	03/14/2012	Common Stock	15,530	$26.55	D
Stock Option (Right to Buy)(2)	01/30/2004	01/30/2013	Common Stock	1,808	$24.83	D
Stock Option (Right to Buy)(3)	03/13/2004	03/13/2013	Common Stock	17,274	$26.4	D
Stock Option (Right to Buy)(4)	03/11/2005	03/11/2014	Common Stock	23,656	$36.42	D
Stock Option (Right to Buy)(5)	03/10/2006	03/10/2015	Common Stock	33,750	$41.95	D
Stock Option (Right to Buy)(6)	12/05/2006	12/05/2015	Common Stock	1,731	$27.5	D
Restricted Stock Units(7)	03/11/2007(8)	03/11/2007(8)	Common Stock	5,000	$0(9)	D

Explanation of Responses:

1. This option is exercisable in three equal installments beginning March 14, 2003.

2. This option is exercisable one year from date of grant.

3. This option is exercisable in three equal installments beginning March 13, 2004.

4. This option is exercisable in three equal installments beginning March 11, 2005.

5. This option is exercisable in three equal installments beginning Mach 10, 2006.

6. This option is exercisable in three equal installments beginning December 5, 2006.

7. The reporting person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Avon Products, Inc. to withhold a sufficient amount of shares to satisfy such tax obligtion.

8. 100% of the restricted stock units will vest on March 11, 2007.

9. Units correspond 1-for-1 with common stock.

	By Gilbert L. Klemann, II, Attorney-In-Fact	02/06/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.