Exhibit 99.1

On March 3,2004, the Estee Lauder 2001 Charitable Trust
("the EL 2001 Trust") made a gift of
76,150 shares of Class A Common Stock to a charity.
These shares were owned indirectly by Ronald S. Lauder
("RSL") as co-Trustee and beneficiary of the EL 2001 Trust
and Leonard A. Lauder ("LAL") as  co-Trustee and
beneficiary of the EL 2001 Trust.  The shares
were given as a gift to The Institute for the Study
of Aging, Inc. ("ISOA"), a not for profit corporation,
of which RSL and LAL are
directors and officers. RSL and LAL each disclaim
beneficial ownership of shares owned by ISOA and by
EL 2001 Trust to the extent they do
not have a pecuniary interest in the EL 2001 Trust's securities.
Evelyn H. Lauder ("EHL")
disclaims beneficial ownership of the securities
owned indirectly by her husband, LAL, through
the EL 2001 Trust.

After this gift the amounts of Class A Common
Stock beneficially owned by:

(a) RSL includes (i) 3,182 shares of Class A
Common Stock held indirectly as Trustee of
The Descendants of Ronald S. Lauder
1966 Trust (does not include the 3,182 shares
of Class B Common Stock which are convertible
into a like number of shares of Class A Common Stock),
(ii) 15,384 shares of Class A Common Stock
held indirectly as a general partner of Lauder & Sons L.P.
(RSL is also a Trustee of The 1995 Estee Lauder RSL Trust,
which is also a general partner of Lauder & Sons L.P.)
(does not include the 3,846,154 shares of Class B
Common Stock which are convertible into a like
number of shares of Class A Common Stock), and
(iii) 1,019,260 shares of Class A
Common Stock held indirectly
as co-Trustee and beneficiary of
the Estee Lauder 2001 Charitable Trust.
RSL disclaims beneficial ownership of
the shares in clauses (i), (ii) and
(iii)to the extent he does not
have a pecuniary interest in such securities.
RSL also holds 9,936,803 shares of
Class B Common Stock as co-Trustee of the
Estee Lauder 2002 Trust, as to which
he disclaims beneficial ownership
to the extent he does not have a
pecuniary interest in such securities.

(b) LAL includes (i) 5,369,169 shares
held directly, (ii) 3,029,302 shares
indirectly as the sole individual general
partner of LAL Family Partners L.P.
and the majority stockholder of
LAL Family Corporation, which is
the sole corporate partner of
LAL Family Partners L.P.
(a limited partnership in which LAL
has sole voting and investment power)
(does not include the ownership of 42,705,540
shares of Class B Common Stock
which are convertible into a like number of
shares of Class A Common Stock),
(iii) 15,384 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.)
(does not include the ownership of 3,846,154
shares of Class B Common Stock
which are convertible into a like number
of shares of Class A Common Stock),
(iv) 1,019,026 shares held indirectly
as co-Trustee and beneficiary of the
EL 2001 Charitable Trust, and (v)
390,000 shares
indirectly which are held directly
by his wife, Evelyn H. Lauder ("EHL").
LAL disclaims beneficial ownership of
the shares in clauses (ii), (iii) and (iv)
to the extent he does not have
a pecuniary interest in such
securities and he disclaims beneficial
ownership of the shares in clause
(v) owned by his wife.
LAL also holds 9,936,803 shares of
Class B Common Stock as co-Trustee of the
Estee Lauder 2002 Trust, as to which
he disclaims beneficial ownership
to the extent he does not have a
pecuniary interest in such securities.

(c) EHL includes (i) 390,000 shares held directly,
(ii) 5,369,169 shares held
directly by her husband, LAL, and (iii) 4,063,946
shares held indirectly by her
husband, LAL (see (b) (ii) and (iii) and
the last sentence of (b) above
regarding Class B shares).
EHL disclaims beneficial ownership of securities
owned directly and indirectly
by her husband, LAL.