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 * FARAH ROGER N   2. Issuer Name and Ticker or Trading Symbol POLO RALPH LAUREN CORP [RL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and COO (Last) (First) (Middle) 650 MADISON AVE 3. Date of Earliest Transaction (Month/Day/Year) 11/08/2004 (Street) NEW YORK, NY 10022 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 11/08/2004   M   100,000 A $ 16.9062 694,755.54 D   Class A Common Stock 11/08/2004   M   100,000 A $ 13.9687 794,755.54 D   Class A Common Stock 11/08/2004   S   2,300 D $ 38.5 792,455.54 D   Class A Common Stock 11/08/2004   S   1,200 D $ 38.52 791,255.54 D   Class A Common Stock 11/08/2004   S   900 D $ 38.53 790,355.54 D   Class A Common Stock 11/08/2004   S   2,100 D $ 38.54 788,255.54 D   Class A Common Stock 11/08/2004   S   1,600 D $ 38.55 786,655.54 D   Class A Common Stock 11/08/2004   S   5,000 D $ 38.57 781,655.54 D   Class A Common Stock 11/08/2004   S   3,900 D $ 38.58 777,755.54 D   Class A Common Stock 11/08/2004   S   3,400 D $ 38.59 774,355.54 D   Class A Common Stock 11/08/2004   S   4,700 D $ 38.6 769,655.54 D   Class A Common Stock 11/08/2004   S   2,400 D $ 38.61 767,255.54 D   Class A Common Stock 11/08/2004   S   1,400 D $ 38.62 765,855.54 D   Class A Common Stock 11/08/2004   S   3,400 D $ 38.63 762,455.54 D   Class A Common Stock 11/08/2004   S   6,300 D $ 38.64 756,155.54 D   Class A Common Stock 11/08/2004   S   9,300 D $ 38.65 746,855.54 D   Class A Common Stock 11/08/2004   S   13,400 D $ 38.66 733,455.54 D   Class A Common Stock 11/08/2004   S   13,900 D $ 38.67 719,555.54 D   Class A Common Stock 11/08/2004   S   14,500 D $ 38.68 705,055.54 D   Class A Common Stock 11/08/2004   S   19,800 D $ 38.69 685,255.54 D   Class A Common Stock 11/08/2004   S   18,800 D $ 38.7 666,455.54 D   Class A Common Stock 11/08/2004   S   1,600 D $ 38.71 664,855.54 D   Class A Common Stock 11/08/2004   S   2,700 D $ 38.72 662,155.54 D   Class A Common Stock 11/08/2004   S   2,600 D $ 38.73 659,555.54 D   Class A Common Stock 11/08/2004   S   1,000 D $ 38.74 658,555.54 D   Class A Common Stock 11/08/2004   S   4,900 D $ 38.75 653,655.54 D   Class A Common Stock 11/08/2004   S   5,900 D $ 38.76 647,755.54 D   Class A Common Stock 11/08/2004   S   1,400 D $ 38.77 646,355.54 D   Class A Common Stock 11/08/2004   S   500 D $ 38.78 645,855.54 D   Class A Common Stock 11/08/2004   S   300 D $ 38.79 645,555.54 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 pursuant to 1997 Long-Term Stock Incentive Plan

$ 16.9062

11/08/2004

M

100,000

(1)

04/12/2010

Class A Common Stock

100,000

$ 0

150,000

D

Option pursuant to 1997 Long-Term Stock Incentive Plan

$ 13.9687

11/08/2004

M

100,000

(2)

06/13/2010

Class A Common Stock

100,000

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FARAH ROGER N 650 MADISON AVE NEW YORK, NY 10022	X		President and COO

Signatures

Edward W. Scheuermann, Attorney-in-Fact for Roger N. Farah		11/10/2004
**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)	250,000 options were granted on 4/12/2000. These options vested and became exercisable in three equal installments beginning April 12, 2001.
(2)	100,000 options were granted on 6/13/2000. These options vested and became exercisable in three equal installments beginning June 13, 2001.
Remarks: First Form 4 of 2 filed for Reporting Owner Roger N. Farah on 11-10-2004.

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