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Hi,

http://www.elcompanies.com/investor/frm_m3.htm

The Estee Lauder Companies Inc. to Present at Merrill Lynch Conference
Slide Presentation (PDF) -- March 25, 2004, 3:00 PM ET


Also check out the Real Media presentation at Consumer Conference.

The Estée Lauder Companies Inc. to Present at Banc of America Securities' Consumer Conference -- March 30, 2004, 3:30 PM ET


Key points:
* Forward looking at 12-15 CAGR Earnings growth
* Undetermined material impact from Spain bombing
* Will focus on countries with emerging middle income, Brazil, Russia, China, India and Eastern Europe

Ray Toei
who stumbled on this while trying to determine the 500+Million Debt increase in the last 6 months.
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