FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * GEDEON HARVEY   2. Issuer Name and Ticker or Trading Symbol ESTEE LAUDER COMPANIES INC [EL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP for Global Research & Dev. (Last) (First) (Middle) THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 02/03/2011 (Street) NEW YORK, NY 10153 4. If Amendment, Date 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 (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 02/03/2011   M(1)   5,000 A $ 43.1 21,812 D   Class A Common Stock 02/03/2011   M(1)   25,000 A $ 39.56 46,812 D   Class A Common Stock 02/03/2011   M(1)   20,000 A $ 35 66,812 D   Class A Common Stock 02/03/2011   S(1)   27,938 D $ 87.5057 (2) (8) 38,874 D   Class A Common Stock 02/03/2011   S(1)   2,062 D $ 88.2138 (2) (9) 36,812 D   Class A Common Stock 02/03/2011   S(1)   17,354 D $ 90.3535 (2) (10) 19,458 D   Class A Common Stock 02/03/2011   S(1)   2,646 D $ 91.0914 (2) (11) 16,812 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option (right to buy)

$ 43.1

02/03/2011

M(1)

5,000

01/01/2006(3)

08/24/2014

Class A Common Stock

5,000

(7)

0 (6)

D

Option (right to buy)

$ 39.56

02/03/2011

M(1)

25,000

01/01/2008(4)

09/20/2016

Class A Common Stock

25,000

(7)

0 (6)

D

Option (right to buy)

$ 35

02/03/2011

M(1)

20,000

01/01/2007(5)

09/26/2015

Class A Common Stock

20,000

(7)

5,000 (6)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GEDEON HARVEY THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK, NY 10153			EVP for Global Research & Dev.

Signatures

Harvey Gedeon, by Spencer G. Smul, attorney-in-fact		02/07/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	The exercise of stock options and the sale of the underlying shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2010.
(2)	The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
(3)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 16,666 shares exercisable from and after January 1, 2006, 16,666 shares exercisable from and after January 1, 2007 and 16,667 shares exercisable from and after January 1, 2008.
(4)	Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 8,333 shares exercisable from and after January 1, 2008; 8,333 shares exercisable from and after January 1, 2009; 8,334 shares exercisable from and after January 1, 2010.
(5)	Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 8,333 shares exercisable from and after January 1, 2007; 8,333 shares exercisable from and after January 1, 2008; 8,334 shares exercisable from and after January 1, 2009.
(6)	The Reporting Person also has options to purchase at various prices 123,307 shares of Class A Common Stock, 56,666 of which are currently exercisable.
(7)	Not Applicable
(8)	Sales prices range from $87.05 to $88.03 per share, inclusive.
(9)	Sales prices range from $88.11 to $88.35 per share, inclusive.
(10)	Sales prices range from $90.00 to $90.99 per share, inclusive.
(11)	Sales prices range from $91.00 to $91.30 per share, inclusive.

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