UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   1992 Leonard A. Lauder, GRAT (1,2) 
   The Estee Lauder Companies Inc.
   767 Fifth Avenue
   New York, NY  10153
2. Issuer Name and Ticker or Trading Symbol
   The Estee Lauder Companies Inc.
   EL
3. IRS or Social Security Number of Reporting Person (Voluntary)
   
4. Statement for Month/Year
   1/31/1999
5. If Amendment, Date of Original (Month/Year)
   
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
   (specify below)
   Trust with Insider Trustee
7. Individual or Joint/Group Filing (Check Applicable Line)
   ( ) Form filed by One Reporting Person
   (X) Form filed by More than One Reporting Person


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 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
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1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                            
Class A Common Stock       |1/8/19|J (3|V|73,001            |D  |           |1,391,157 (4)      |D     |                           |
                           |99    |)   | |                  |   |           |                   |      |                           |
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 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
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1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                            
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
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Explanation of Responses:
1. The full name of the Reporting Person is "The 1992 Leonard A. Lauder Grantor 
Retained Annuity Trust" (the 
"GRAT").  
2. Designated filer on behalf of (a) the Reporting Person, a ten percent owner 
of the issuer, (b) Leonard A. Lauder 
("LAL"), Chairman of the Board of Directors, Chief Executive Officer and a ten 
percent owner of the issuer, (c) 
Evelyn H. Lauder ("EHL") (who is the spouse of LAL), an Executive Officer 
(Senior Corporate Vice President) of the 
issuer, (d) William P. Lauder ("WPL"), a Director, an Executive Officer 
(President of Origins Natural Resources Inc.) 
and a ten percent owner of the issuer, and (e) Gary M. Lauder ("GML"), a ten 
percent owner of the issuer. 
3. On January 8, 1999, the Reporting Person distributed 73,001 shares of Class 
A Common stock to LAL, the grantor 
of the GRAT, in connection with the annuity.     
After the transactions above, the amounts of Class A Common Stock beneficially 
owned by: 
(a) LAL includes (i) 6,239,646 shares held directly, (ii) 4,640,548 shares 
indirectly as a co-Trustee and beneficiary 
of the EL 1994 Trust, (iii) 1,391,157 shares indirectly as grantor of the GRAT, 
(iv) 4,492,361 shares indirectly as the 
sole individual general partner of LAL Family Partners and the majority 
stockholder of LAL Family Corporation, which 
is the sole corporate partner of LAL Family Partners (LAL Family Partners is a 
limited partnership in which LAL has 
sole voting and investment power), (v) 7,692 shares indirectly as a general 
partner of Lauder & Sons L.P. (LAL is 
also a trustee of The 1995 Estee Lauder LAL Trust, which is also a general 
partner of Lauder & Sons L.P.), and (vi) 
260,000 shares indirectly which are held directly by his spouse, EHL.  LAL 
disclaims beneficial ownership of the 
shares in clauses (a)(ii),(iii),(iv) and (v) to the extent he does not have a 
pecuniary interest in such securities and he 
disclaims beneficial ownership of the shares in clause (a)(vi) owned by his 
spouse.  
(b) EHL includes (i) 260,000 shares held directly, (ii) 6,239,646 shares held 
directly by her spouse, and (iii) 
10,531,758 shares held indirectly by her spouse.   EHL disclaims beneficial 
ownership of securities owned directly 
and indirectly by her spouse.  
(c) WPL includes (i) 1,028,285 shares held directly and (ii) 1,391,157 shares 
indirectly by the GRAT.  WPL disclaims 
beneficial ownership of the shares owned by the GRAT to the extent that he does 
not have a pecuniary interest in 
such 
securities.
(d) GML includes (i) 493,210 shares held directly and (ii) 1,391,157 shares 
indirectly by the GRAT.  GML disclaims 
beneficial ownership of the shares owned by the GRAT to the extent that he does 
not have a pecuniary interest in 
such securities.  
4. These shares are owned directly by the GRAT, and indirectly by LAL as 
grantor of the GRAT, WPL as co-trustee 
and beneficiary of the GRAT and GML as co-trustee and beneficiary of the GRAT.  
LAL, WPL and GML each disclaim 
beneficial ownership to the extent they do not have a pecuniary interest in 
such securities.  
 
Joint Filer 
Information
Name: Leonard A. 
Lauder
Address: The Estee Lauder Companies Inc., 767 Fifth Avenue, New York, NY 
10153
Designated Filer: The 1992 Leonard A. Lauder Grantor Retained Annuity 
Trust
Issuer & Ticker Symbol: The Estee Lauder Companies Inc. 
(EL)
Statement for Month/Year: 
1/31/1999
Signature: /s/ Leonard A. 
Lauder
Joint Filer 
Information
Name: Evelyn H. 
Lauder
Address: The Estee Lauder Companies Inc., 767 Fifth Avenue, New York, NY 
10153
Designated Filer: The 1992 Leonard A. Lauder Grantor Retained Annuity 
Trust
Issuer & Ticker Symbol: The Estee Lauder Companies Inc. 
(EL)
Statement for Month/Year: 
1/31/1999
Signature: /s/ Evelyn H. 
Lauder
Joint Filer 
Information
Name: William P. 
Lauder
Address: The Estee Lauder Companies Inc., 767 Fifth Avenue, New York, NY 
10153
Designated Filer: The 1992 Leonard A. Lauder Grantor Retained Annuity 
Trust
Issuer & Ticker Symbol: The Estee Lauder Companies Inc. 
(EL)
Statement for Month/Year: 
1/31/1999
Signature: /s/ William P. 
Lauder
Joint Filer 
Information
Name: Gary M. 
Lauder
Address: ICTV Inc., 14600 Winchester Boulevard, Los Gatos, CA 
95030
Designated Filer: The 1992 Leonard A. Lauder Grantor Retained Annuity 
Trust
Issuer & Ticker Symbol: The Estee Lauder Companies Inc. 
(EL)
Statement for Month/Year: 
1/31/1999
Signature: /s/ Gary M. 
Lauder
SIGNATURE OF REPORTING PERSON
William P. Lauder, Trustee
DATE
1/29/1999