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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 ---------------

                                  SCHEDULE 13G

                                 (RULE 13D-102)

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
                   PURSUANT TO RULES 13D-1(B), (C) AND (D) AND
               AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B)

                                 ---------------

                               (AMENDMENT NO. 7)*

                         THE ESTEE LAUDER COMPANIES INC.
                                (NAME OF ISSUER)


     CLASS A COMMON STOCK,
   PAR VALUE $.01 PER SHARE                                  518439 10 4
-------------------------------                          -------------------
(TITLE OF CLASS OF SECURITIES)                             (CUSIP NUMBER)


                                DECEMBER 31, 2002
--------------------------------------------------------------------------------
             (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)


CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:

[ ]  RULE 13D-1(B)
[ ]  RULE 13D-1(C)
[X]  RULE 13D-1(D)
                                 ---------------

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).

                          Continued on Following Pages
                               Page 1 of 11 Pages
                        Exhibit Index Appears on Page 10

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------------------------------------ --------------------------------------------            --------------------------------------
CUSIP No.                            518439 10 4                                     13G                              Page 2 of 11
------------------------------------ --------------------------------------------            --------------------------------------
                           
----------------------------- --------------------------------------------------- -------------------------------------------------
             1                NAME OF REPORTING PERSONS:                          RONALD S. LAUDER


                              S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
                              (ENTITIES ONLY):
----------------------------- -----------------------------------------------------------------------------------------------------
             2                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
                                                                                                                     (A) [_]
                                                                                                                     (B) [X]
----------------------------- -----------------------------------------------------------------------------------------------------
             3                SEC USE ONLY

----------------------------- --------------------------------------------------- -------------------------------------------------
             4                CITIZENSHIP OR PLACE OF ORGANIZATION:               UNITED STATES OF AMERICA

------------------------------------ ------ ------------------------------------------------ --------------------------------------
             NUMBER OF                 5    SOLE VOTING POWER:                               26,311,921
              SHARES
                                     ------ ------------------------------------------------ --------------------------------------
           BENEFICIALLY                6    SHARED VOTING POWER:                             16,421,617
             OWNED BY
                                     ------ ------------------------------------------------ --------------------------------------
               EACH                    7    SOLE DISPOSITIVE POWER:                          1,056,366
             REPORTING
                                     ------ ------------------------------------------------ --------------------------------------
            PERSON WITH                8    SHARED DISPOSITIVE POWER:                        40,489,472

----------------------------- -------------------------------------------------------------- --------------------------------------
             9                AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  42,733,538 ** SEE ITEM 4

----------------------------- -----------------------------------------------------------------------------------------------------
             10               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*              N/A
                                                                                                                  [ ]
----------------------------- -----------------------------------------------------------------------------------------------------
             11               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):                                 26.2%
                                                                                                                 ** SEE ITEM 4
----------------------------- --------------------------------------------------- -------------------------------------------------
             12               TYPE OF REPORTING PERSON:                           IN
----------------------------- --------------------------------------------------- -------------------------------------------------

*  SEE INSTRUCTIONS BEFORE FILLING OUT!






                               Page 2 of 11 Pages

ITEM 1.       IDENTITY OF ISSUER

              (a)    The name of the issuer is The Estee Lauder Companies Inc.
                     (the "Issuer").

              (b)    The address of the Issuer's principal executive office is
                     767 Fifth Avenue, New York, New York 10153.

ITEM 2.       IDENTITY OF PERSON FILING

              (a) - (c)     This report is being filed by Ronald S. Lauder with
                            a business address of 767 Fifth Avenue, New York,
                            New York 10153 (the "Reporting Person"). The
                            Reporting Person is a citizen of the United States
                            of America.

              (d) - (e)     This report covers the Issuer's Class A Common
                            Stock, par value $.01 per share (the "Class A Common
                            Stock"). The CUSIP number of the Class A Common
                            Stock is 518439 10 4.

ITEM 3.

              Not Applicable.

ITEM 4.       OWNERSHIP

              (a)    At December 31, 2002 the Reporting Person beneficially
                     owned 42,733,538 shares of Class A Common Stock as follows:
                     (i) 1,000,000 shares of Class A Common Stock and 24,255,555
                     shares of Class B Common Stock, par value $.01 per share,
                     of the Issuer (the "Class B Common Stock") held directly by
                     the Reporting Person; (ii) 3,182 shares of Class A Common
                     Stock and 3,182 shares of Class B Common Stock held
                     indirectly as the sole trustee of The Descendants of Ronald
                     S. Lauder 1966 Trust; (iii) 10,188,803 shares of Class B
                     Common Stock held indirectly as a co-trustee of The Estee
                     Lauder 2002 Trust; (iv) 15,384 shares of Class A Common
                     Stock and 3,846,154 shares of Class B Common Stock held
                     indirectly as a general partner of Lauder & Sons L.P. and
                     as a co-trustee of The 1995 Estee Lauder RSL Trust, which
                     is also a general partner of Lauder & Sons L.P.; (v)
                     1,187,700 shares of Class A Common Stock as co-trustee of
                     Estee Lauder 2001 Charitable Trust (the "EL 2001 Trust");
                     (vi) 313,862 shares of Class A Common Stock held indirectly
                     as a director of The Lauder Foundation; (vii) 36,457 shares
                     of Class A Common Stock held indirectly as Chairman of the
                     Board of Directors of The Ronald S. Lauder Foundation;
                     (viii) 153,257 shares of Class A Common Stock held
                     indirectly as a director of The Jewish Renaissance
                     Foundation; (ix) 680,000 shares of Class A Common Stock
                     held indirectly as a director of The Neue Galerie New York;
                     and (x) 1,050,002 shares of Class A Common Stock subject to
                     exercisable employee stock options held by the Reporting
                     Person. The Reporting Person disclaims beneficial ownership
                     of: (i) 313,862 shares of Class A Common Stock held
                     indirectly as a director of The Lauder Foundation;


                               Page 3 of 11 Pages

                     (ii) 36,457 shares of Class A Common Stock held indirectly
                     as Chairman of the Board of Directors of The Ronald S.
                     Lauder Foundation; (iii) 153,257 shares of Class A Common
                     Stock held indirectly as a director of The Jewish
                     Renaissance Foundation; (iv) 680,000 shares of Class A
                     Common Stock held indirectly as a director of The Neue
                     Galerie New York; and (v) 3,182 shares of Class A Common
                     Stock and the 3,182 shares of Class B Common Stock held
                     indirectly as the sole trustee of The Descendants of Ronald
                     S. Lauder 1966 Trust. The shares owned by the EL 2001 Trust
                     are not covered by the Stockholder's Agreement (as defined
                     below).

                     At December 31, 2002, the Reporting Person had a short
                     position of 7,394,986 shares of Class A Common Stock. The
                     24,255,555 shares of Class B Common Stock held directly by
                     the Reporting Person include shares pledged as collateral
                     in amounts equal to the following loans: (i) 3,000,000
                     shares of Class A Common Stock borrowed from Richard D.
                     Parsons, as trustee of the Trusts f/b/o Aerin Lauder and
                     Jane Lauder u/a/d December 15, 1976 created by Estee Lauder
                     and Joseph H. Lauder, as Grantors (the "Accumulation
                     Trusts"); and (ii) 3,394,986 shares of Class A Common Stock
                     borrowed from Leonard A. Lauder. The 1,000,000 shares of
                     Class A Common Stock held directly are pledged as
                     collateral to secure the loan of 1,000,000 shares of Class
                     A Common Stock borrowed from Richard D. Parsons, as trustee
                     of the Accumulation Trusts. All other shares of Class B
                     Common Stock held directly by the Reporting Person are
                     pledged to Morgan Guaranty Trust Company of New York
                     ("Morgan") as collateral for a credit facility.


              (b)    Each share of Class B Common Stock is convertible at the
                     option of the holder into one share of Class A Common Stock
                     and is automatically converted into one share of Class A
                     Common Stock upon transfer to a person who is not a
                     Permitted Transferee, as that term is defined in the
                     Issuer's Certificate of Incorporation. Assuming conversion
                     of all such shares of Class B Common Stock beneficially
                     owned by the Reporting Person, the Reporting Person would
                     beneficially own 42,733,538 shares of Class A Common Stock,
                     which would constitute 26.2% of the number of shares of
                     Class A Common Stock outstanding.

                     Each share of Class A Common Stock entitles the holder to
                     one vote on each matter submitted to a vote of the Issuer's
                     stockholders and each share of Class B Common Stock
                     entitles the holder to ten votes on each such matter,
                     including the election of directors of the Issuer. Assuming
                     no conversion of any of the outstanding shares of Class B
                     Common Stock, the 4,439,844 shares of Class A Common Stock


                               Page 4 of 11 Pages

                     and the 38,293,694 shares of Class B Common Stock for which
                     the Reporting Person has voting power constitute 3332.0% of
                     the aggregate voting power of the Issuer.

              (c)    (i)    The Reporting Person has sole voting power with
                            respect to 26,311,921 shares of Class A Common Stock
                            as follows: (i) 1,000,000 shares of Class A Common
                            Stock and 24,255,555 shares of Class B Common Stock
                            held directly by the Reporting Person; (ii) 3,182
                            shares of Class A Common Stock and 3,182 shares of
                            Class B Common Stock held indirectly as the sole
                            trustee of The Descendants of Ronald S. Lauder 1966
                            Trust; and (iii) 1,050,002 shares of Class A Common
                            Stock subject to exercisable employee stock options
                            held by the Reporting Person.

                     (ii)   The Reporting Person shares voting power with
                            respect to 16,421,617 shares of Class A Common Stock
                            as follows: (i) the Reporting Person shares voting
                            power with Leonard A. Lauder, as a co-trustee of The
                            Estee Lauder 2002 Trust, with respect to 10,188,803
                            shares of Class B Common Stock owned by The Estee
                            Lauder 2002 Trust; (ii) the Reporting Person shares
                            voting power with Leonard A. Lauder, as an
                            individual general partner of Lauder & Sons L.P. and
                            as a co-trustee of The 1995 Estee Lauder LAL Trust,
                            which is a general partner of Lauder & Sons L.P.,
                            with respect to 15,384 shares of Class A Common
                            Stock and 3,846,154 shares of Class B Common Stock
                            owned by Lauder & Sons L.P.; (iii) the Reporting
                            Person shares voting power with respect to 1,187,700
                            shares of Class A Common Stock with Leonard A.
                            Lauder as co-trustees of the EL 2001 Trust; (iv) the
                            Reporting Person shares voting power with respect to
                            313,862 shares of Class A Common Stock held
                            indirectly as a director of The Lauder Foundation;
                            (v) the Reporting Person shares voting power with
                            respect to 36,457 shares of Class A Common Stock
                            held indirectly as Chairman of the Board of
                            Directors of The Ronald S. Lauder Foundation; (vi)
                            the Reporting Person shares voting power with
                            respect to 153,257 shares of Class A Common Stock
                            held indirectly as a director of The Jewish
                            Renaissance Foundation; and (vii) the Reporting
                            Person shares voting power with respect to 680,000
                            shares of Class A Common Stock held indirectly as a
                            director of The Neue Galerie New York.

                     (iii)  The Reporting Person has sole dispositive power with
                            respect to 1,056,366 shares of Class A Common Stock
                            as follows: (i) 3,182 shares of Class A Common Stock
                            and 3,182 shares of Class B Common Stock held
                            indirectly as the sole trustee of The Descendants of
                            Ronald S. Lauder 1966 Trust; and (ii) 1,050,002
                            shares of Class A Common Stock subject to
                            exercisable employee stock options.

                     (iv)   The Reporting Person shares dispositive power with
                            respect to 40,489,472 shares of Class A Common Stock
                            as follows: (i) the Reporting Person shares
                            dispositive power with Richard D. Parsons, as
                            trustee of the Accumulation Trusts, with respect to
                            1,000,000 shares of Class A Common Stock and
                            3,000,000 shares of Class B Common Stock pledged to


                               Page 5 of 11 Pages

                            the Accumulation Trusts; (ii) the Reporting Person
                            shares dispositive power with Leonard A. Lauder with
                            respect to 3,394,986 shares of Class B Common Stock
                            pledged to Leonard A. Lauder; (iii) the Reporting
                            Person shares dispositive power with Morgan with
                            respect to 17,860,569 shares of Class B Common Stock
                            pledged to Morgan as collateral for a credit
                            facility; (iv) the Reporting Person shares
                            dispositive power with Leonard A. Lauder and Ira T.
                            Wender, as co-trustees of The Estee Lauder 2002
                            Trust, with respect to 10,188,803 shares of Class B
                            Common Stock owned by The Estee Lauder 2002 Trust;
                            (v) the Reporting Person shares dispositive power
                            with respect to 15,384 shares of Class A Common
                            Stock and 3,846,154 shares of Class B Common Stock
                            owned by Lauder & Sons L.P. with (a) Leonard A.
                            Lauder, as an individual general partner of Lauder &
                            Sons L.P. and as a co-trustee of The 1995 Estee
                            Lauder LAL Trust, which is a general partner of
                            Lauder & Sons L.P., (b) Richard D. Parsons and Ira
                            T. Wender, as co-trustees of The 1995 Estee Lauder
                            RSL Trust, which is a general partner of Lauder &
                            Sons L.P., and (c) Joel S. Ehrenkranz and Ira T.
                            Wender, as co-trustees of The 1995 Estee Lauder LAL
                            Trust, which is a general partner of Lauder & Sons
                            L.P.; (vi) the Reporting Person shares dispositive
                            power with respect to 313,862 shares of Class A
                            Common Stock held indirectly as a director of The
                            Lauder Foundation; (vii) the Reporting Person shares
                            dispositive power with respect to 36,457 shares of
                            Class A Common Stock held indirectly as Chairman of
                            the Board of Directors of The Ronald S. Lauder
                            Foundation; (ix) the Reporting Person shares
                            dispositive power with respect to 153,257 shares of
                            Class A Common Stock held indirectly as a director
                            of The Jewish Renaissance Foundation; and (x) the
                            Reporting Person shares dispositive power with
                            respect to 680,000 shares of Class A Common Stock
                            held indirectly as director of The Neue Galerie New
                            York.

ITEM 5.       OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

              Not Applicable.

ITEM 6.       OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

              Richard D. Parsons, as trustee of the Accumulation Trusts, has the
              right to receive or the power to direct the receipt of dividends
              from, or the proceeds from the sale of the 1,000,000 shares of
              Class A Common Stock and 3,000,000 shares of Class B Common Stock
              pledged to the Accumulation Trusts. Leonard A. Lauder has the
              right to receive or the power to direct the receipt of dividends
              from, or the proceeds from the sale of the 3,394,986 shares of
              Class B Common Stock pledged to Leonard A. Lauder. Morgan has the
              right to receive or the power to direct the receipt of dividends
              from, or the proceeds from the sale of the 17,860,569 shares of
              Class B Common Stock pledged to Morgan as collateral for a credit
              facility. Aerin Lauder and Jane Lauder, as beneficiaries of The
              Descendants of Ronald S. Lauder 1966 Trust, have the right to
              receive or the power to direct the receipt of dividends from, or
              the proceeds from the sale of the 3,182 shares of Class A Common
              Stock and the 3,182 shares of Class B Common Stock owned by The
              Descendants of Ronald S. Lauder 1966 Trust. Leonard A. Lauder, as
              a co-trustee and beneficiary of The Estee Lauder 2002 Trust, and


                               Page 6 of 11 Pages

              Ira T. Wender, as a co-trustee of The Estee Lauder 2002 Trust,
              have the right to receive or the power to direct the receipt of
              dividends from, or the proceeds from the sale of the 10,188,803
              shares of Class B Common Stock owned by The Estee Lauder 2002
              Trust. Leonard A. Lauder as co-trustee and beneficiary of the EL
              2001 Trust, has the right to receive and the power to direct the
              receipt of dividends from, or proceeds from the sale of 1,187,700
              shares of Class A Common Stock owned by the EL 2001 Trust. The
              following persons have the right to receive or the power to direct
              the receipt of dividends from, or the proceeds from the sale of
              the 15,384 shares of Class A Common Stock and the 3,846,154 shares
              of Class B Common Stock owned by Lauder & Sons L.P.: (i) Leonard
              A. Lauder, as an individual general partner of Lauder & Sons L.P.
              and as a co-trustee and beneficiary of The 1995 Estee Lauder LAL
              Trust, which is a general partner of Lauder & Sons L.P.; (ii)
              Richard D. Parsons and Ira T. Wender, as co-trustees of The 1995
              Estee Lauder RSL Trust, which is a general partner of Lauder &
              Sons L.P.; and (iii) Joel S. Ehrenkranz and Ira T. Wender, as
              co-trustees of The 1995 Estee Lauder LAL Trust, which is a general
              partner of Lauder & Sons L.P. The Lauder Foundation, of which the
              Reporting Person is a director, has the right to receive or the
              power to direct the receipt of dividends from, or the proceeds
              from the sale of the 313,862 shares of Class A Common Stock owned
              by The Lauder Foundation. The Ronald S. Lauder Foundation, of
              which the Reporting Person is Chairman of the Board of Directors,
              has the right to receive or the power to direct the receipt of
              dividends from, or the proceeds from the sale of the 36,457 shares
              of Class A Common Stock owned by The Ronald S. Lauder Foundation.
              The Jewish Renaissance Foundation, of which the Reporting Person
              is a director, has the right to receive or the power to direct the
              receipt of dividends from, or the proceeds from the sale of the
              153,257 shares of Class A Common Stock owned by The Jewish
              Renaissance Foundation. The Neue Galerie New York, of which the
              Reporting Person is a director, has the right to receive or the
              power to direct the receipt of dividends from, or the proceeds
              from the sale of the 680,000 shares of Class A Common Stock owned
              by The Neue Galerie New York.

ITEM 7.       IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
              ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
              COMPANY

              Not Applicable.

ITEM 8.       IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

              The Reporting Person is a party to a Stockholders' Agreement (the
              "Stockholders' Agreement"), dated November 22, 1995, as amended,
              among the parties listed on Exhibit A attached hereto. The
              stockholders who are parties to the Stockholders' Agreement have
              agreed to vote in favor of the election of Leonard A. Lauder and
              Ronald S. Lauder and one designee of each as directors of the
              Issuer. The Stockholders' Agreement also contains certain
              limitations on the transfer of shares of Class A Common Stock.
              Each stockholder who is a party to the Stockholders' Agreement has
              agreed to grant to the other parties a right of first offer to
              purchase shares of Class A Common Stock of the stockholder in the
              event the stockholder intends to sell to a person (or group of
              persons) who is not a Lauder Family Member, as defined therein,
              except in certain circumstances, such as sales in a widely
              distributed underwritten public offering or sales made in
              compliance with Rule 144.


                               Page 7 of 11 Pages

ITEM 9.       NOTICE OF DISSOLUTION OF GROUP

              Not Applicable.

ITEM 10.      CERTIFICATION

              Not Applicable.















                               Page 8 of 11 Pages

                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.




Date: February 13, 2003                   /s/ Ronald S. Lauder
                                          ---------------------------
                                          Ronald S. Lauder





















                               Page 9 of 11 Pages

                                  EXHIBIT INDEX


Exhibit A    --    List of Parties to the Stockholders' Agreement

























                              Page 10 of 11 Pages