Exhibit99.1

REVLON, INC.

2006 AUDIT COMMITTEE PRE-APPROVALPOLICY

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| I.  | STATEMENT OFPRINCIPLES |

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

The appendices to this Policy describe the Audit, Audit-Related, Taxand All Other Services that have the general pre-approval of the AuditCommittee. The term of any general pre-approval is 12 months from thedate of pre-approval, unless the Audit Committee specifically providesfor a different period. The Audit Committee will annually review andpre-approve the services that may be provided by the independentauditor without obtaining specific pre-approval from the AuditCommittee. The Audit Committee may revise the list of generalpre-approved services from time to time, based on its subsequentdeterminations. The Audit Committee does not delegate itsresponsibilities to pre-approve services performed by the independentauditor tomanagement.

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| II.  | DELEGATION |

The Audit Committee may delegate pre-approval authority to one ormore of its members for services to be provided by the independentauditor other than audit and internal control services referred to inSection III below and prohibited services referred to in Section VIIbelow. Specifically, the Chairman of the Audit Committee may approveservices which are not audit or internal control services referred toin Section III below or prohibited services referred to in Section VIIbelow if the fees as to any applicable project will not exceed $35,000,provided that the independent auditor complies with all applicablerules and processes of this Policy to document the services to theAudit Committee and to discuss such services with the Audit Committee.The member or members to whom such authority is delegated shall reportany pre-approval decisions to the Audit Committee at least quarterly onthe services provided by KPMG and the approximate fees paid or payableto KPMG for such services provided by KPMG during the precedingquarter, including a report on any services pre-approved during suchquarter by the Chairman of the Audit Committee pursuant to this SectionII.

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| III.  | AUDIT SERVICES |

The terms and fees of the annual Audit Services engagement,including, without limitation, the independent auditor's servicesin connection with their testing and attestation on management'sreport on the effectiveness of the Company's internal controlover financial reporting under Section 404 of the Sarbanes-Oxley Act of2002, will be subject to the specific pre-approval of the AuditCommittee. The Audit Committee will approve, if necessary, any changesin terms, conditions and fees resulting from changes in audit scope orother matters.

In addition to the annual Audit Servicesengagement approved by the Audit Committee, the Audit Committee maygrant pre-approval for Other Audit Services, which are those servicesthat only the independent auditor reasonably can provide. The AuditCommittee has pre-approved the Other Audit Services listed inAppendix A, provided that such services do not exceed thepre-approved fees set forth on Appendix A. All Other Audit Services notlisted in Appendix A must be specifically pre-approved by the AuditCommittee.

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| IV.  | AUDIT-RELATEDSERVICES |

Audit-Related Services are assurance andrelated services that are reasonably related to the performance of theaudit or review of the Company's financial statements or that aretraditionally performed by the independent auditor. The Audit Committeebelieves that the provision of Audit-Related Services does not impairthe independence of the auditor, and has pre-approved the Audit-RelatedServices listed in Appendix B, provided that such services donot exceed the pre-approved fees set forth on Appendix B. All otherAudit-Related Services not listed in Appendix B must be specificallypre-approved by the Audit Committee, except to the extent covered bythe delegation authority under Section II above.

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| V.  | TAXSERVICES |

The Audit Committee believes that theindependent auditor can provide certain Tax Services to the Company,such as tax preparation and tax compliance (e.g., preparing originaland amended state and federal corporate tax returns, planning forestimated tax payments and preparation of tax return extensions) andgeneral tax planning and tax advice (including related tax research),without impairing the auditor's independence. However, the AuditCommittee will not permit the retention of the independent auditor (orany affiliate of the independent auditor) in connection with theprovision of any prohibited Tax Service listed in Exhibit 1 tothe Company or its affiliates, to the extent that the PCAOB or the SECfinally determines that such prohibited Tax Services would impair theindependent auditor's independence. The Audit Committee haspre-approved the Tax Services listed in Appendix C, providedthat such services do not exceed the pre-approved fees set forth onAppendix C. All other Tax Services for the Company not listed inAppendix C must be specifically pre-approved by the Audit Committee,except to the extent approved by the Chairman of the Audit Committeepursuant to Section II above. To the extent required by the PCAOB orthe SEC, the independent auditor shall comply with any applicable finalrules and requirements of the PCAOB or SEC to document the services tothe Audit Committee and to discuss such services with the AuditCommittee. To the extent required by the PCAOB or the SEC, as to allTax Services for the Company, the independent auditor shall—(1)describe in writing to the Audit Committee the scope of the proposedTax Service, the proposed fee structure for the engagement and any sideletter or other amendment to the engagement letter or other agreement(whether oral or written) between the independent auditor and theCompany and its affiliates relating to the proposed Tax Service; and(2) describe in writing to the Audit Committee any compensationarrangement or other agreement, such as a referral agreement, areferral fee or fee-sharing arrangement, between the independentauditor or any of its affiliates and any person (other than the Companyand its affiliates) with respect to the promoting, marketing orrecommending of a transaction covered by the Tax Service—and mustdiscuss with the Audit Committee any potential effects on theindependent auditor's independence that could be caused by theindependent auditor's performance of the proposed Tax Service anddocument the substance of such discussions with the AuditCommittee.

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| VI.  | ALL OTHERSERVICES |

The Audit Committee may grant generalpre-approval to those permissible non-audit services classified as AllOther Services that it believes are routine and recurring services, andwould not impair the independence of the auditor, provided suchservices are not audit or internal control services referred to inSection III above or prohibited services referred to in Section VIIbelow. The Audit Committee has pre-approved the All Other Serviceslisted in Appendix D, provided that such services do notexceed the pre-approved fees set forth on Appendix D. Permissible AllOther Services other than those listed in Appendix D must bespecifically pre-approved by the Audit Committee, except to the extentapproved by the Chairman of the Audit Committee pursuant to Section IIabove.

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| VII.  | PROHIBITED SERVICES |

TheCompany will not retain its independent auditors for any services thatare "prohibited services" as defined byapplicable statutes or regulations, as may be in effect from time totime, including without limitation, those services prohibited bySection 201(a) of the Sarbanes-Oxley Act of 2002 and the SEC's orthe PCAOB's final rules and regulations and such other rules andregulations as may be promulgated thereunder from time to time.Attached to this policy as Exhibit 1 is a list of theSEC's and PCAOB's prohibited non-audit services and theprohibited tax services under the rules of the PCAOB that have beensubmitted to the SEC for final approval.

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| VIII.  | PRE-APPROVAL FEELEVELS |

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

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| IX.  | PROCEDURES |

Requestsor applications to provide services that require specific approval bythe Audit Committee may be submitted to the Audit Committee by theindependent auditor and either the Chief Financial Officer, Treasurer,Controller or Chief Legal Officer.

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Appendix A

Pre-Approved Other Audit Services for Fiscal Year2006

Dated:  October 31,2005

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|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-------------------------------------------------------------------------------------------------------------------------|--------|--------|--|--|
| Service                                                                                                                                                                                                                                                               |  |                                                                                                                    |
| Statutoryaudits or financial audits for subsidiaries of theCompany                                                                                                                                                                                                    |  |                                                                                                                    |   |   |
| Servicesassociated with SEC registration statements, periodic reports and otherdocuments filed with the SEC or other documents issued in connectionwith securities offerings (e.g., comfort letters, consents), andassistance in responding to SEC commentletters     |  |                                                                                                                    |   |   |
| Consultationsby the Company's management as to the accounting or disclosuretreatment of transactions or events and/or the actual or potentialimpact of final or proposed rules, standards or interpretations by theSEC, FASB, or other regulatory or standard settingbodies               |  | **Total Pre-Approved Annual Feesfor Pre-ApprovedAuditServices:    $50,000**     |
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Appendix B

Pre-ApprovedAudit-Related Services for Fiscal Year 2006

Dated: October 31,2005

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|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-------------------------------------------------------------------------------------------------------|--------|--------|--|--|
| **Service**                                                                                                                                                                                      |  |                                                                                                  |
| 1.  Due diligence services pertaining to potential businessacquisitions/dispositions                                                                                                   |  |                                                                                                  |   |   |
| 2.  Financial statement audits of employee benefitplans                                                                                                                                |  |                                                                                                  |   |   |
| 3.  Agreed-upon or expanded audit procedures related to accountingand/or billing records required to respond to or comply with financial,accounting or regulatory reportingmatters     |  |                                                                                                  |   |   |
| 4.  Attestservices not required by statute orregulation                                                                                                                                |  |                                                                                                  |   |   |
| 5.  Auditwork in connection with liquidations and contract terminations; legalentity dissolution/restructuring assistance; and inventoryaudits                                         |  |                                                                                                  |   |   |
|                                                                                                                                                                                                                 |  | TotalPre-Approved Annual Fees for Pre-Approved Audit-RelatedServices:    $100,000 |
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Appendix C

Pre-Approved TaxServices for Fiscal Year 2006*

Dated: October 31, 2005

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|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------------|--------|--------|--|--|
| Service                                                                                                                                                                  |  |                                                                                        |
| 1.  U.S.federal, state and local tax planning andadvice                                                                                    |  |                                                                                        |   |   |
| 2.  U.S.federal, state and local taxcompliance                                                                                             |  |                                                                                        |   |   |
| 3.  Internationaltax planning andadvice                                                                                                    |  |                                                                                        |   |   |
| 4.  Internationaltax compliance, including, without limitation, intercompany pricingstudies and advance pricingagreements                  |  |                                                                                        |   |   |
| 5.  Reviewof federal, state, local and international income, franchise, and othertax returns, and assistance with tax audit andappeals     |  |                                                                                        |   |   |
|                                                                                                                                                                     |  | TotalPre-Approved Annual Fees for Pre-Approved TaxServices:    $600,000 |
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|  | *Theforegoing pre-approval of Tax Services identified on this Appendix C issubject in all cases to compliance with Section V of this Pre-ApprovalPolicy, including without limitation, compliance with any final SEC orPCAOB rules to document the services to the Audit Committee and todiscuss such services with the Audit Committee. |

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Appendix D

Pre-Approved AllOther Services for Fiscal Year 2006

Dated: October 31,2005

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| Service                                                                                                                                                                                                                                                                                                                                                                      |  |                                                                                                        |
| Allother services (other than audit, internal control and prohibitedservices) approved by the Chairman of the Audit Committee pursuant toSection II of this policy, provided that the independent auditorcomplies with all applicable rules and processes of this Policy todocument the services to the Audit Committee and to discuss suchservices with the AuditCommittee. |  | TotalPre-Approved Annual Fees for Pre-Approved All OtherServices:    $35,000 perproject |
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Exhibit 1

PROHIBITEDNON-AUDIT SERVICES

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| •  | Bookkeeping or other servicesrelated to the accounting records or financial statements of the auditclient1 |

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|--------------|---------------------------------------------------------|
| •  | Financial information systems design andimplementation* |

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| •  | Appraisal or valuationservices, fairness opinions or contribution-in-kindreports* |

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| •  | Actuarialservices* |

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| •  | Internal audit outsourcingservices* |

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| •  | Managementfunctions |

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| •  | Humanresources |

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| •  | Broker-dealer, investment adviser orinvestment banking services |

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| •  | Legalservices |

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| •  | Expert services unrelated to the audit |

Each of these prohibited services is subject to applicableexceptions under the SEC's rules.

PROHIBITED TAXSERVICES

As of July 26, 2005, the PCAOB has determined, subjectto the SEC's approval, the following services to be"Prohibited Tax Services" for the independentauditor (including any affiliate of the independent auditor, as definedin PCAOB Rule 3501(a)(i)):

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|  | •  | any service orproduct by the independent auditor or any of its affiliates for theCompany and its affiliates for a contingent fee or a commission,including any fee established for the sale of a product or theperformance of any service pursuant to an arrangement in which no feewould be payable unless a specified finding or result is attained orthe amount of the fee is otherwise dependent on the finding or resultof such product or service, taking into account any rights toreimbursements, refunds or other repayments that could modify theamount received in a manner that make it contingent on a finding orresult (excluding fees where the amount is fixed by courts or otherpublic authorities and is not dependent on a finding or result), or theindependent auditor or any of its affiliates receives, directly orindirectly, a contingent fee or commission; |

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|  | •  | non-audit services by the independent auditoror any of its affiliates for the Company and its affiliates related tomarketing, planning or opining in favor of the tax treatment of a"confidential transaction" as defined underPCAOB Rule 3501(c)(i) or an "aggressive tax positiontransaction" (including, without limitation, anytransaction that is a "listed transaction"under applicable U.S. Treasury regulations) that was (i) initiallyrecommended, directly or indirectly, by the independent auditor oranother tax advisor with which the independent auditor has a formalagreement or other arrangement related to the promotion of suchtransactions, and (ii) a significant purpose of which is tax avoidance,unless the proposed tax treatment is at least more likely than not tobe allowable under applicable tax laws;and |

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|  | •  | tax services by the independent auditoror any of its affiliates for persons that serve in a financialreporting oversight role at the Company or its affiliates, includingany employee who is in a position to, or does, exercise influence overthe contents of the Company's financial statements or anyemployee who prepares the financial statements, including, withoutlimitation, the Company's chief executive officer, president,chief financial officer, chief operating officer, general counsel,chief accounting officer, controller, director of internal audit,director of financial reporting, treasurer or any equivalent position,including for any immediate family member of such employees (being suchemployee's spouse, spousal equivalent and dependents), butexcluding tax services for (i) any person that serve in a financialreporting oversight role for the Company or its affiliates solelybecause such person serves as a member of the Board of Directors, |

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| 1 | Unlessit is reasonable to conclude that the results of these services willnot be subject to audit procedures during an audit of the auditclient's financial statements. |

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|  |   | the Audit Committee, any other Board committeeor similar management or governing body of the Company or itsaffiliates (in each case who do not otherwise occupy an employmentposition in a financial oversight role), (ii) any person serving in afinancial reporting oversight role at the Company or its affiliatesonly because of such person's relationship to an affiliate of theCompany if such affiliate's financial statements (1) are notmaterial to the Company's consolidated financial statements or(2) are audited by an auditor other than the Company'sindependent auditor or its associated persons and (iii) employees whowere not in a financial reporting oversight role for the Company or itsaffiliates before a hiring, promotion or other change in employmentevent and the tax services were provided by the independent auditor orany of its affiliates to such person pursuant to an engagement inprocess before the hiring, promotion or other change in employmentevent, provided that such tax services are completed on or before 180days after the hiring or promotion event. |

The Prohibited TaxService provisions in this Pre-Approval Policy will take effect as,when and to the extent that the SEC issues its final approval of thePCAOB's rules, subject to the PCAOB's transitionalrules.

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