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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001181431-04-033835.txt : 20040702
<SEC-HEADER>0001181431-04-033835.hdr.sgml : 20040702
<ACCEPTANCE-DATETIME>20040702135659
ACCESSION NUMBER:		0001181431-04-033835
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041231
FILED AS OF DATE:		20040702

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVON PRODUCTS INC
		CENTRAL INDEX KEY:			0000008868
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				130544597
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		9149352588

	MAIL ADDRESS:	
		STREET 1:		PECK & MIDLAND AVE
		STREET 2:		PECK & MIDLAND AVE
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STERN PAULA
		CENTRAL INDEX KEY:			0001051397

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04881
		FILM NUMBER:		04898960

	BUSINESS ADDRESS:	
		STREET 1:		THE NEIMAN MARCUS GROUP INC
		STREET 2:		1618 MAIN STREET
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		2147416911

	MAIL ADDRESS:	
		STREET 1:		C/O AVON PRODUCS INC
		STREET 2:		1345 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105-0196
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>rrd47052.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2004-12-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0000008868</issuerCik>
        <issuerName>AVON PRODUCTS INC</issuerName>
        <issuerTradingSymbol>AVP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001051397</rptOwnerCik>
            <rptOwnerName>STERN PAULA</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1345 AVENUE OF THE AMERICAS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Deferred Stock Units</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2003-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>374.48</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>33.38</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>374.48</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10559.30</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">All share numbers and share prices reflect the effect of a 2-for-1 stock split in the form of a stock dividend effective May 28, 2004. Under the Board of Directors of Avon Products, Inc. Deferred Compenstion Plan directors may defer receipt of quarterly  fees into a cash account or an Avon stock unit account.  All amounts deferred are paid in cash upon termination of services as a director.</footnote>
        <footnote id="F2">Units correspond 1-for 1 with common stock.</footnote>
        <footnote id="F3">Pursuant to the Plan, the number of stock units credited quarterly is determined by dividing the quarterly fee by the average price of Avon stock during the last 10 trading days of such quarter.</footnote>
        <footnote id="F4">Amount shown includes prior quarterly credits not previously been reported.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By Katherine O'Hara, Attorney-In-Fact</signatureName>
        <signatureDate>2004-07-02</signatureDate>
    </ownerSignature>
</ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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