Exhibit 10.26

REVLON, INC.

AUDIT COMMITTEE PRE-APPROVAL POLICY

Statement of Principles

The Audit Committee is required to pre-approve the audit and non-audit services
performed by the Company's independent auditor, KPMG LLP ("KPMG" or the
"independent auditor"), in order to assure that KPMG's provision of such
services do not impair its independence. Unless a type of service to be provided
by the independent auditor has received general pre-approval, it will require
specific pre-approval by the Audit Committee. Any proposed services exceeding
pre-approved cost levels will also require specific pre-approval by the Audit
Committee.

During 2003, the Audit Committee specifically pre-approved the services
performed by KPMG in connection with (i) the Company's 2003 audit and (ii) the
Company's $50 million rights offering. All of the other services performed by
KPMG for the Company during 2003 from and after May 6, 2003 (the effective date
of the applicable rules) were pre-approved in accordance with this Audit
Committee Pre-Approval Policy and the Audit Committee was provided with
quarterly updates as to the nature of such services and fees paid for such
services.

The appendices to this Policy describe the Audit, Audit-related, Tax and All
Other services that have the general pre-approval of the Audit Committee. The
term of any general pre-approval is 12 months from the date of pre-approval,
unless the Audit Committee specifically provides for a different period. The
Audit Committee will annually review and pre-approve the services that may be
provided by the independent auditor without obtaining specific pre-approval from
the Audit Committee. The Audit Committee may revise the list of general
pre-approved services from time to time, based on its subsequent determinations.
The Audit Committee does not delegate its responsibilities to pre-approve
services performed by the independent auditor to management.

Delegation

The Audit Committee may delegate pre-approval authority to one or more of its
members. Specifically, the Chairman of the Audit Committee may approve services
which are not prohibited services if the fees as to any applicable project will
not exceed $35,000. The member or members to whom such authority is delegated
shall report any pre-approval decisions to the Audit Committee at least
quarterly on the services provided by KPMG and the approximate fees paid or
payable to KPMG for such services provided by KPMG during the preceding quarter,
including a report on any services pre-approved during such quarter by the
Chairman of the Audit Committee pursuant to this Section II.

Audit Services

The annual Audit services engagement terms and fees will be subject to the
specific pre-approval of the Audit Committee, except to the extent covered by
the delegation authority under Section II above. The Audit Committee will
approve, if necessary, any changes in terms, conditions and fees resulting from
changes in audit scope or other matters. In addition to the annual Audit
services engagement specifically approved by the Audit Committee, the Audit
Committee may grant general pre-approval for other Audit services, which are
those services that only the independent auditor reasonably can provide.

Audit-related Services

Audit-related services are assurance and related services that are reasonably
related to the performance of the audit or review of the Company's financial
statements or that are traditionally performed by the independent auditor. The
Audit Committee believes that the provision of Audit-related services does not
impair the independence of the auditor, and has pre-approved the Audit-related
services listed in Appendix A. All other Audit-related services not listed in
Appendix A must be specifically pre-approved by the Audit Committee, except to
the extent covered by the delegation authority under Section II above.

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Tax Services

The Audit Committee believes that the independent auditor can provide Tax
services to the Company such as tax compliance, tax planning and tax advice
without impairing the auditor's independence. However, the Audit Committee will
not permit the retention of the independent auditor in connection with a
transaction initially recommended by the independent auditor, the purpose of
which may be tax avoidance and the tax treatment of which may not be supported
in the Internal Revenue Code and related regulations. The Audit Committee has
pre-approved the Tax services listed in Appendix B. All other Tax services not
listed in Appendix B must be specifically pre-approved by the Audit Committee,
except to the extent covered by the delegation authority under Section II above.

All Other Services

The Audit Committee may grant general pre-approval to those permissible
non-audit services classified as All Other services that it believes are routine
and recurring services, and would not impair the independence of the auditor.
The Audit Committee has pre-approved the All Other services listed in Appendix
C. Permissible All Other services other than those listed in Appendix C must be
specifically pre-approved by the Audit Committee, except to the extent covered
by the delegation authority under Section II above.

VII.    Prohibited Services

The Company will not retain its independent accountants for any services that
are "prohibited services" as defined by applicable statutes or regulations, as
may be in effect from time to time, including without limitation, those services
prohibited by Section 201(a) of the Sarbanes-Oxley Act of 2002 and the SEC's
rules and regulations and such other rules and regulations as may be promulgated
thereunder from time to time. A list of the SEC's prohibited non-audit services
as of April 1, 2003 is attached to this policy as Exhibit 1.

VIII.    Pre-Approval Fee Levels

Pre-approval fee levels for all services to be provided by the independent
auditor will be established annually by the Audit Committee. Any proposed
services exceeding these levels will require specific pre-approval by the Audit
Committee.

IX.    Procedures

Requests or applications to provide services that require specific approval by
the Audit Committee may be submitted to the Audit Committee by the independent
auditor and either the Chief Financial Officer, Treasurer and Controller or
General Counsel.

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Appendix A

Pre-Approved Audit-Related Services for Fiscal Year 2004

Dated: February 1, 2004

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[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] Service
[spacer.gif]   1. [spacer.gif] Due diligence services pertaining to potential
business acquisitions/dispositions [spacer.gif]   2. [spacer.gif] Financial
statement audits of employee benefit plans [spacer.gif] 3. [spacer.gif]
Agreed-upon or expanded audit procedures related to accounting and/or billing
records required to respond to or comply with financial, accounting or
regulatory reporting matters [spacer.gif] 4. [spacer.gif] Consultations by the
Company's management as to the accounting or disclosure treatment of
transactions or events and/or the actual or potential impact of final or
proposed rules, standards or interpretations by the SEC, FASB, or other
regulatory or standard-setting bodies (Note: Under SEC rules, some consultations
may be "audit" services rather than "audit-related" services) [spacer.gif] 5.
[spacer.gif] Attest services not required by statute or regulation [spacer.gif]
6. [spacer.gif] Audit work in connection with liquidations and contract
terminations; legal entity dissolution/restructuring assistance; inventory
audits; and statutory audit board oversight. [spacer.gif]   [spacer.gif] Total
Annual Fees
for Pre-Approved
Audit-Related
Services:
    
$120,000 [spacer.gif]

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Appendix B

Pre-Approved Tax Services for Fiscal Year 2004

Dated: February 1, 2004

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[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] Service
[spacer.gif]   1. [spacer.gif] U.S. federal, state and local tax planning and
advice [spacer.gif]   2. [spacer.gif] U.S. federal, state and local tax
compliance [spacer.gif] 3. [spacer.gif] International tax planning and advice
[spacer.gif] 4. [spacer.gif] International tax compliance, including, without
limitation, intercompany pricing studies and advance pricing agreements
[spacer.gif] 5. [spacer.gif] Review of federal, state, local and international
income, franchise, and other tax returns, and assistance with tax audit and
appeals [spacer.gif]   [spacer.gif] Total Annual Fees
for Pre-Approved
Tax Services:
    
$785,000* [spacer.gif]

* Adds $285,000 to the 2003 service fee level of $500,000 as a result of a tax
audit in Mexico.

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Appendix C

Pre-Approved All Other Services for Fiscal Year 2004

Dated: February 1, 2004

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[spacer.gif] Service [spacer.gif]   All other services (other than prohibited
services) approved by the Chairman of the Audit Committee pursuant to Section II
of this policy. [spacer.gif] Total Annual Fees
for Pre-Approved
All Other Services:
    
$35,000 per project [spacer.gif]

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Annex 2

Statutory Audits 2004

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[spacer.gif] [spacer.gif] [spacer.gif] Country [spacer.gif] Firm [spacer.gif]
Services Provided [spacer.gif] Estimated Annual
Statutory Audit Fee China [spacer.gif] (i) Shanghai Xing Zhong CPAs
Contact: Mr. Sheng
Tel: 86-21-13061708813
    
(ii) Shanghai Zhong Hui CPAs
Contact: Mr. Yu Wenhe
Tel: 86-21-68876887
    
Note: 3 legal entities and firm (i) provides annual statutory audits and firm
(ii) provides foreign currency audits [spacer.gif] Statutory Audits [spacer.gif]
$3,000 Germany [spacer.gif] Storch & Nigles
Contact: Eva Storch, Regina Nilges
Tel: 0049-2131-51-0006 [spacer.gif] Statutory Audits and bookkeeping
[spacer.gif] $21,000 Israel [spacer.gif] Proshan & Co.
Contact: Mr. Amos Proshan
Tel: 972-3-566-4343
Note: 3 legal entities [spacer.gif] Statutory Audits [spacer.gif] $50,000 Italy
[spacer.gif] Piero Cacace
(Independent)
Tel: 36-06-3202435 [spacer.gif] Statutory Audits [spacer.gif] $10,000 Poland
[spacer.gif] Ernst & Young
Contact: Marcin Jurczak
Tel: 0048-22-557-6000
Note: Closing down subsidiary [spacer.gif] Statutory Audits and bookkeeping
[spacer.gif] $52,000 Switzerland [spacer.gif] (see Germany) [spacer.gif]  
[spacer.gif]   TOTAL [spacer.gif]   [spacer.gif]   [spacer.gif] $136,000
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