Aaron Daniel J – ‘3’ for 1/1/99 re: Estee Lauder Companies Inc.

As of:  Friday, 1/8/99   ·   For:  1/1/99   ·   Accession #:  1076400-99-3   ·   File #:  1-14064

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Form 3 - 1/1/1999                                      2±     9K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 3                                                                          
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES                         
1. Name and Address of Reporting Person                                         
Aaron, Daniel J. (1)                                                      
14 St. Claire Avenue                                                      
Old Greenwich, CT  06870                                                  
2. Date of Event Requiring Statement (Month/Day/Year)                           
1/1/1999                                                                  
3. IRS or Social Security Number of Reporting Person (Voluntary)                

4. Issuer Name and Ticker or Trading Symbol                                     
The Estee Lauder Companies Inc.                                           
EL                                                                        
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
( ) Director  (X) 10% Owner  ( ) Officer (give title below) ( ) Other     
(specify below)                                                           

6. If Amendment, Date of Original (Month/Day/Year)                              

7. Individual or Joint/Group Filing (Check Applicable Line)                     
(X) Form filed by One Reporting Person                                    
( ) Form filed by More than One Reporting Person                          

                                                        [Enlarge/Download Table]

___________________________________________________________________________________________________________________________________ 
 Table I -- Non-Derivative Securities Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |2. Amount of          |3. Ownership    |4. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
                                           |None (1)              |                |                                               |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
                        |         |         |                       |None (1) |          |             |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
1. On January 1, 1999, the Reporting Person became the sole Trustee of the      
Separate Share Trust f/b/o Gary M.                                              
Lauder u/a/d December 15, 1976, created by Leonard A. Lauder, as Grantor,       
succeeding Joel S. Ehrenkranz and                                               
Carol S. Boulanger, each of whom resigned.  The Reporting Person disclaims      
beneficial ownership to the extent he                                           
does not have a pecuniary interest in such securities.                          
SIGNATURE OF REPORTING PERSON                                                   
Daniel J. Aaron                                                                 
DATE                                                                            
1/8/1999                                                                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘3’ Filing		Date		Other Filings
Filed on:		1/8/99		3,  4,  SC 13D
For Period end:		1/1/99		3
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