UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 1)*

                           Estee Lauder Companies Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    518439104
                                 (CUSIP Number)

                                December 31, 2006
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X]  Rule 13d-1(b)

[ ]  Rule 13d-1(c)

[ ]  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 ("Act") 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).



                                  SCHEDULE 13G

CUSIP No. 518439104

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1.   Names of Reporting Persons. I.R.S.  Identification Nos. of above persons
     (entities only).

     AMVESCAP PLC
     AIM Advisors, Inc.
     AIM Funds Management Inc.
     AIM Private Asset Management, Inc.
     AIM Capital Management, Inc.
     PowerShares Capital Management LLC
     INVESCO Institutional (N.A.), Inc.
     Stein Roe Investment Counsel, Inc.
     Atlantic Trust Company, N.A.
--------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (see Instructions)

     (a) [ ]
     (b) [ ]
--------------------------------------------------------------------------------
3.   SEC Use Only

--------------------------------------------------------------------------------
4.   Citizenship or Place of Organization

     AMVESCAP PLC: England
     AIM Advisors, Inc.: United States
     AIM Funds Management Inc.: Canada
     AIM Private Asset Management, Inc.: United States
     AIM Capital Management, Inc.: United States
     PowerShares Capital Management LLC: United States
     INVESCO Institutional (N.A.), Inc.: United States
     Stein Roe Investment Counsel, Inc.: United States
     Atlantic Trust Company, N.A.: United States
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                     5.   Sole Voting Power 8,606,904: Such shares are held by
                          the following entities in the respective amounts
                          listed:

                          AIM Advisors, Inc. 7,368,948
                          AIM Funds Management Inc. 20,300
                          AIM Private Asset Management, Inc. 1,170,031
                          AIM Capital Management, Inc. 19,869
                          PowerShares Capital Management LLC 13,081
                          INVESCO Institutional (N.A.), Inc. 12,066
                          Stein Roe Investment Counsel, Inc. 2,035
                          Atlantic Trust Company, N.A. 574
                     -----------------------------------------------------------
                     6.   Shared Voting Power

 Number of Shares         -0-
Beneficially Owned   -----------------------------------------------------------
by Each Reporting    7.   Sole Dispositive Power 8,606,904: Such shares are held
    Person With           by the following entities in the respective amounts
                          listed:

                          AIM Advisors, Inc. 7,368,948
                          AIM Funds Management Inc. 20,300
                          AIM Private Asset Management, Inc. 1,170,031
                          AIM Capital Management, Inc. 19,869
                          PowerShares Capital Management LLC 13,081
                          INVESCO Institutional (N.A.), Inc. 12,066
                          Stein Roe Investment Counsel, Inc. 2,035
                          Atlantic Trust Company, N.A. 574
                     -----------------------------------------------------------
                     8.   Shared Dispositive Power

                          -0-
--------------------------------------------------------------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

     8,606,904
--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)

     N/A
--------------------------------------------------------------------------------
11.  Percent of Class Represented by Amount in Row (9)

     6.94%
--------------------------------------------------------------------------------
12.  Type of Reporting Person (See Instructions)

     IA, HC. See Items 2 and 3 of this statement.
--------------------------------------------------------------------------------



                                  SCHEDULE 13G

Item 1(a) Name of Issuer:

          Estee Lauder Companies Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

          767 Fifth Avenue
          New York, NY 10153

Item 2(a) Name of Person Filing:

          AMVESCAP PLC

          In accordance with Securities and Exchange Commission Release
          No. 34-39538 (January 12, 1998), this statement on Schedule
          13G or amendment thereto is being filed by AMVESCAP PLC
          ("AMVESCAP"), a U.K. entity, on behalf of itself and its
          subsidiaries listed in Item 4 of the cover of this statement.
          AMVESCAP through such subsidiaries provides investment
          management services to institutional and individual investors
          worldwide.

          Executive officers and directors of AMVESCAP or its
          subsidiaries may beneficially own shares of the securities of
          the issuer to which this statement relates (the "Shares"), and
          such Shares are not reported in this statement. AMVESCAP and
          its subsidiaries disclaim beneficial ownership of Shares
          beneficially owned by any of their executive officers and
          directors. Each of AMVESCAP's direct and indirect subsidiaries
          also disclaim beneficial ownership of Shares beneficially
          owned by AMVESCAP and any other subsidiary.

Item 2(b) Address of Principal Business Office:

          30 Finsbury Square
          London EC2A 1AG
          England

Item 2(c) Citizenship:

          See the response to Item 2(a) of this statement.

Item 2(d) Title of Class of Securities:

          Common Stock, $.01 par value per share

Item 2(e) CUSIP Number:

          518439104

Item 3    If this statement is filed pursuant to ss240.13d-1(b) or 240.13d-2(b)
          or (c), check whether the person filing is a:

          (e)  [X]  An investment adviser in accordance with section
                    240.13d-1(b)(1)(ii)(E)

          (g)  [X]  A parent holding company or control person in accordance
                    with section 240.13d-1(b)(1)(ii)(G)

          As noted in Item 2 above, AMVESCAP is making this filing on behalf of
          its subsidiaries listed herein. Each of these entities is either an
          investment adviser registered with the United States Securities and
          Exchange Commission under Section 203 of the Investment Advisers Act
          of 1940, as amended, or under similar laws of other jurisdictions.
          AMVESCAP is a holding company.



Item 4    Ownership:

          Please see responses to Items 5-8 on the cover of this statement,
          which are incorporated herein by reference.

Item 5    Ownership of Five Percent or Less of a Class:

          If this statement is being filed to report the fact that as of the
          date hereof the reporting person has ceased to be the beneficial owner
          of more than five percent of the class of securities, check the
          following [ ]

Item 6    Ownership of More than Five Percent on Behalf of Another Person:

          N/A

Item 7    Identification and Classification of the Subsidiary Which Acquired the
          Security Being reported on By the Parent Holding Company:

          Please see Item 3 of this statement, which is incorporated herein by
          reference.

Item 8    Identification and Classification of Members of the Group:

          N/A

Item 9    Notice of Dissolution of a Group:

          N/A

Item 10   Certification:

          By signing below I certify that, to the best of my knowledge and
          belief, the securities referred to above were acquired and are held in
          the ordinary course of business and were not acquired and are not held
          for the purpose of or with the effect of changing or influencing the
          control of the issuer of the securities and were not acquired and are
          not held in connection with or as a participant in any transaction
          having that purpose or effect.

          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.

                                        February 14, 2007
                                        Date

                                        AMVESCAP PLC


                                        By: /s/ Lisa Brinkley
                                            ------------------------------------
                                            Lisa Brinkley
                                            Global Compliance Director



                                INDEX TO EXHIBIT

EXHIBIT NUMBER             DESCRIPTION
--------------             -----------

     A                     JOINT FILING AGREEMENT