SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

				QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2004
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 5,260 shares as of April 1, 2004, all of which were held by an affiliate, Revlon, Inc., an indirect majority-owned subsidiary of Mafco Holdings Inc.

Total Pages – 40

REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS

(dollars in millions, except per share data)

				March 31, 2004				December 31, 2003
				(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents				$	53.8			$	56.5
Trade receivables, less allowances of $18.3 and $19.4, respectively					154.6				182.5
Inventories					151.8				142.7
Prepaid expenses and other					63.7				46.6
Total current assets					423.9				428.3
Property, plant and equipment, net					128.3				132.1
Other assets					145.0				144.2
Goodwill, net					186.1				186.1
Total assets				$	883.3			$	890.7
LIABILITIES AND STOCKHOLDER'S DEFICIENCY
Current liabilities:
Short-term borrowings – third parties				$	29.8			$	28.0
Accounts payable					95.9				97.4
Accrued expenses and other					317.0				322.0
Total current liabilities					442.7				447.4
Long-term debt – third parties					1,103.6				1,723.3
Long-term debt – affiliates					—				146.2
Other long-term liabilities					295.1				301.0
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 as of March 31, 2004 and December 31, 2003 and 10,000 shares as of April 1, 2004 authorized, respectively, and 1,000 shares as of March 31, 2004 and December 31, 2003 and 5,260 shares as of April 1, 2004 issued and outstanding, respectively					—				—
Additional paid-in-capital (capital deficiency)					675.4				(152.3	)
Accumulated deficit					(1,561.6	)			(1,503.3	)
Deferred compensation					(3.6	)			(4.2	)
Accumulated other comprehensive loss					(122.9	)			(122.0	)
Total stockholder's deficiency					(958.1	)			(1,727.2	)
Total liabilities and stockholder's deficiency				$	883.3			$	890.7

See Accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

1

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REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(dollars in millions)

				Three Months Ended March 31,
				2004				2003
Net sales				$	308.4			$	292.0
Cost of sales					117.1				111.5
Gross profit					191.3				180.5
Selling, general and administrative expenses					171.6				183.9
Restructuring (benefit) costs					(0.7	)			0.5
Operating income (loss)					20.4				(3.9	)
Other expenses (income):
Interest expense					44.6				41.4
Interest income					(0.6	)			(0.5	)
Amortization of debt issuance costs					2.6				2.0
Foreign currency (gains) losses, net					(1.4	)			0.3
Loss on early extinguishment of debt					32.6				—
Miscellaneous, net					0.1				0.4
Other expenses, net					77.9				43.6
Loss before income taxes					(57.5	)			(47.5	)
Provision for income taxes					0.8				0.9
Net loss				$	(58.3	)		$	(48.4	)

See Accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

2

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REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF STOCKHOLDER'S DEFICIENCY AND COMPREHENSIVE LOSS

(dollars in millions)

				Preferred Stock				Additional Paid-In- Capital (Capital Deficiency)				Accumulated Deficit				Deferred Compensation				Accumulated Other Comprehensive Loss (a)				Total Stockholder's Deficiency
Balance, January 1, 2003				$	54.6			$	(206.1	)		$	(1,349.3	)		$	(6.4	)		$	(132.7	)		$	(1,639.9	)
Amortization of deferred compensation																	0.6								0.6
Comprehensive loss:
Net loss													(48.4	)											(48.4	)
Currency translation adjustment