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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: September 30, 2003
OR
[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                              to                             

Commission file number 33-59650

REVLON CONSUMER PRODUCTS CORPORATION

(Exact name of registrant as specified in its charter)


Delaware 13-3662953
(State or other jurisdiction of
incorporation or organization)		 (I.R.S. Employer
Identification No.)
237 Park Avenue, New York, New York 10017
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 212-527-4000

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.     Yes   X          No         

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Securities Exchange Act of 1934).     Yes                 No   X  

The number of shares outstanding of the registrant's common stock was 1,000 shares as of September 30, 2003, all of which were held by an affiliate, Revlon, Inc., an indirect majority-owned subsidiary of Mafco Holdings Inc.

Total Pages – 32



REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(dollars in millions, except per share data)


  September 30,
2003		 December 31,
2002
ASSETS
Current assets: (Unaudited)
Cash and cash equivalents $ 34.6   $ 85.8  
Trade receivables, less allowances of $16.2 and $24.0, respectively   179.7     212.3  
Inventories   158.8     128.1  
Prepaid expenses and other   48.9     50.5  
Total current assets   422.0     476.7  
Property, plant and equipment, net   136.5     133.4  
Other assets   152.2     141.8  
Goodwill, net   186.1     185.9  
Total assets $ 896.8   $ 937.8  
             
LIABILITIES AND STOCKHOLDER'S DEFICIENCY            
             
Current liabilities:
Short-term borrowings – third parties $ 28.7   $ 25.0  
Accounts payable   89.2     92.9  
Accrued expenses and other   332.2     392.0  
Total current liabilities   450.1     509.9  
Long-term debt – third parties   1,729.0     1,726.0  
Long-term debt – affiliates   127.3     24.1  
Other long-term liabilities   316.6     320.0  
             
Stockholder's deficiency:
Preferred stock, par value $1.00 per share; 1,000 shares authorized, 546 shares of Series A Preferred Stock issued and outstanding   54.6     54.6  
Common Stock, par value $1.00 per share; 1,000 shares authorized, issued and outstanding   —     —  
Capital deficiency   (161.0 )    (214.8 ) 
Accumulated deficit since June 24, 1992   (1,490.6 )    (1,349.3 ) 
Accumulated other comprehensive loss   (129.2 )    (132.7 ) 
Total stockholder's deficiency   (1,726.2 )    (1,642.2 ) 
Total liabilities and stockholder's deficiency $ 896.8   $ 937.8  

See Accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

1



REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(dollars in millions)


  Three Months Ended
September 30,		 Nine Months Ended
September 30,
  2003 2002 2003 2002
Net sales $ 316.5   $ 323.2   $ 930.8   $ 906.8  
Cost of sales   127.1     121.6     363.8     350.4  
Gross profit   189.4     201.6     567.0     556.4  
Selling, general and administrative expenses   196.6     176.7     580.4     522.1  
Restructuring costs   0.4     2.1     0.9     9.3  
                         
Operating (loss) income   (7.6 )    22.8     (14.3 )    25.0  
                         
Other expenses (income):
Interest expense   44.3     40.1     128.5     118.4  
Interest income   (0.5 )    (0.4 )    (1.9 )    (1.6 ) 
Amortization of debt issuance costs   2.2     2.0     6.6     5.8  
Foreign currency (gains) losses, net   (0.8 )    1.2     (3.2 )    3.0  
Miscellaneous, net   (0.3 )    0.4     0.1     2.3  
Other expenses, net   44.9     43.3     130.1     127.9  
                         
Loss before income taxes   (52.5 )