Exhibit 99.1

REVLON, INC.

2005 AUDIT COMMITTEE PRE-APPROVALPOLICY

I.    Statement of Principles

The AuditCommittee is required to pre-approve the audit and non-audit servicesperformed by the Company'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.

During 2004, the Audit Committee specifically pre-approved theservices performed by KPMG in connection with (i) the Company's2004 audit and (ii) the Company's debt-for-equity exchange offer.All of the other services performed by KPMG for the Company during 2003and 2004 from and after May 6, 2003 (the effective date of theapplicable rules) were pre-approved in accordance with this AuditCommittee Pre-Approval Policy and the Audit Committee was provided withquarterly updates as to the nature of such services and fees paid forsuch services.

The appendices to this Policy describe the Audit,Audit-related, Tax and All Other services that have the generalpre-approval of the Audit Committee. The term of any generalpre-approval is 12 months from the date of pre-approval, unless theAudit Committee specifically provides for a different period. The AuditCommittee will annually review and pre-approve the services that may beprovided by the independent auditor without obtaining specificpre-approval from the Audit Committee. The Audit Committee may revisethe list of general pre-approved services from time to time, based onits subsequent determinations. The Audit Committee does not delegateits responsibilities to pre-approve services performed by theindependent auditor to management.

II.    Delegation

TheAudit Committee may delegate pre-approval authority to one or more ofits members for services to be provided by the independent auditorother than audit and internal control services referred to in SectionIII below and prohibited services referred to in Section VII below.Specifically, the Chairman of the Audit Committee may approve serviceswhich are not audit or internal control services referred to in SectionIII below or prohibited services referred to in Section VII below ifthe fees as to any applicable project will not exceed $35,000. Themember or members to whom such authority is delegated shall report anypre-approval decisions to the Audit Committee at least quarterly on theservices provided by KPMG and the approximate fees paid or payable toKPMG for such services provided by KPMG during the preceding quarter,including a report on any services pre-approved during such quarter bythe Chairman of the Audit Committee pursuant to this Section II.

III.    Audit Services

The terms and fees of the annualAudit services engagement, including, without limitation, theindependent auditor's services in connection with their testingand attestation on management's report on the effectiveness ofthe Company's internal control over financial reporting underSection 404 of the Sarbanes-Oxley Act of 2002 will be subject to thespecific pre-approval of the Audit Committee. The Audit Committee willapprove, if necessary, any changes in terms, conditions and feesresulting from changes in audit scope or other matters.

Inaddition to the annual Audit services engagement approved by the AuditCommittee, the Audit Committee may grant pre-approval for other Auditservices, which are those services that only the independent auditorreasonably can provide. The Audit Committee has pre-approved the Auditservices listed in Appendix A. All other Audit services notlisted in Appendix A must be specifically pre-approved by the AuditCommittee.

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IV.    Audit-related Services

Audit-related services are assurance and related services that arereasonably related to the performance of the audit or review of theCompany's financial statements or that are traditionallyperformed by the independent auditor. The Audit Committee believes thatthe provision of Audit-related services does not impair theindependence of the auditor, and has pre-approved the Audit-relatedservices listed in Appendix B. All other Audit-relatedservices not listed in Appendix B must be specifically pre-approved bythe Audit Committee, except to the extent covered by the delegationauthority under Section II above.

V.    Tax Services

The Audit Committee believes that the independent auditor canprovide Tax services to the Company such as tax compliance, taxplanning and tax advice without impairing the auditor'sindependence. However, the Audit Committee will not permit theretention of the independent auditor in connection with a transactioninitially recommended by the independent auditor, the purpose of whichmay be tax avoidance and the tax treatment of which may not besupported in the Internal Revenue Code and related regulations. TheAudit Committee has pre-approved the Tax services listed inAppendix C. All other Tax services not listed in Appendix Cmust be specifically pre-approved by the Audit Committee, except to theextent covered by the delegation authority under Section II above.

VI.    All Other Services

The Audit Committee may grantgeneral pre-approval to those permissible non-audit services classifiedas All Other services that it believes are routine and recurringservices, and would not impair the independence of the auditor,provided such services are not audit or internal control servicesreferred to in Section III above or prohibited services referred to inSection VII below. The Audit Committee has pre-approved the All Otherservices listed in Appendix D. Permissible All Other servicesother than those listed in Appendix D must be specifically pre-approvedby the Audit Committee, except to the extent covered by the delegationauthority under Section II above.

VII.    ProhibitedServices

The Company will not retain its independent auditorsfor any services that are "prohibitedservices" as defined by applicable statutes orregulations, as may be in effect from time to time, including withoutlimitation, those services prohibited by Section 201(a) of theSarbanes-Oxley Act of 2002 and the SEC's or the PCAOB'srules and regulations and such other rules and regulations as may bepromulgated thereunder from time to time. A list of the SEC'sprohibited non-audit services as of April 1, 2003 is attached to thispolicy as Exhibit 1.

VIII.    Pre-Approval FeeLevels

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

IX.    Procedures

Requests or applications to provideservices that require specific approval by the Audit Committee may besubmitted to the Audit Committee by the independent auditor and eitherthe Chief Financial Officer, Treasurer, Controller or Chief LegalOfficer.

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Appendix A

Pre-Approved OtherAudit Services for Fiscal Year 2005

Dated: November 8,2004

|                                                                                                                                                                                                                                                                             |  |                                                                                      |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--------------------------------------------------------------------------------------|--|--|--|--|
| **Service**                                                                                                                                                                                                                                                                 |  |                                                                                 |
|                                                                                                                                                                                                                                                                        |  |                                                                                 |
| Statutoryaudits or financial audits for subsidiaries or affiliates 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 |  | **TotalAnnual Fees for Pre-Approved  AuditServices:    $50,000** |
|                                                                                                                                                                                                                                                                             |

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Appendix B

Pre-ApprovedAudit-Related Services for Fiscal Year 2005

Dated:November 8,2004

|                                                                                                                                                                                             |  |                                                                                              |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|----------------------------------------------------------------------------------------------|--|--|--|--|
| **Service**                                                                                                                                                                                 |  |                                                                                         |
|                                                                                                                                                                                        |  |                                                                                         |
| 1.  Duediligence services pertaining to potential businessacquisitions/dispositions                                                                                               |  |                                                                                         |
| 2.  Financialstatement audits of employee benefitplans                                                                                                                            |  |                                                                                         |
| 3.  Agreed-uponor expanded audit procedures related to accounting and/or billingrecords required to respond to or comply with financial, accounting orregulatory reportingmatters |  |                                                                                         |
| 4.  Attestservices not required by statute orregulation                                                                                                                           |  |                                                                                         |
| 5.  Auditwork in connection with liquidations and contract terminations; legalentity dissolution/restructuring assistance; and inventoryaudits.                                   |  |                                                                                         |
|                                                                                                                                                                                        |  | **TotalAnnual Fees for Pre-Approved Audit-RelatedServices:    $100,000** |
|                                                                                                                                                                                             |

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Appendix C

Pre-Approved TaxServices for Fiscal Year 2005

Dated: November 8,2004

|                                                                                                                                                  |  |                                                                                    |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------------------------------------------------------------------|--|--|--|--|
| **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 |  |                                                                               |
|                                                                                                                                             |  | **TotalAnnual Fees forPre-Approved TaxServices:    $750,000*** |
|                                                                                                                                                  |

*Includes$200,000 in connection with a tax audit in Mexico.

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Appendix D

Pre-Approved All OtherServices for Fiscal Year 2005

Dated: November 8,2004

|                                                                                                                                                                     |  |                                                                                                   |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------------------|--|--|--|--|
| **Service**                                                                                                                                                         |  |                                                                                              |
|                                                                                                                                                                |  |                                                                                              |
| Allother services (other than audit, internal control and prohibitedservices) approved by the Chairman of the Audit Committee pursuant toSection II of this policy. |  | **Total AnnualFees for Pre-Approved AllOtherServices:    $35,000 perproject** |
|                                                                                                                                                                     |

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Exhibit 1

ProhibitedNon-Audit Services

|              |                                                                                                            |
|--------------|------------------------------------------------------------------------------------------------------------|
| •  | Bookkeeping or other servicesrelated to the accounting records or financial statements of the auditclient* |

|              |                                                        |
|--------------|--------------------------------------------------------|
| •  | Financial information systemsdesign andimplementation* |

|              |                                                                                   |
|--------------|-----------------------------------------------------------------------------------|
| •  | Appraisalor valuation services, fairness opinions or contribution-in-kindreports* |

|              |                    |
|--------------|--------------------|
| •  | Actuarialservices* |

|              |                                    |
|--------------|------------------------------------|
| •  | Internalaudit outsourcingservices* |

|              |                     |
|--------------|---------------------|
| •  | Managementfunctions |

|              |                |
|--------------|----------------|
| •  | Humanresources |

|              |                                                                |
|--------------|----------------------------------------------------------------|
| •  | Broker-dealer,investment adviser or investment bankingservices |

|              |               |
|--------------|---------------|
| •  | Legalservices |

|              |                                       |
|--------------|---------------------------------------|
| •  | Expert servicesunrelated to the audit |

Each of these prohibited servicesis subject to applicable exceptions under the SEC'srules.

|  |
|--|

|   |                                                                                                                                                                         |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| * | Unless it isreasonable to conclude that the results of these services will not besubject to audit procedures during an audit of the audit client'sfinancial statements. |

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