On July 31, 2009, Registrant entered into a new revolving bank credit agreement with The Bank of New York Mellon, as Administrative Agent, ABN AMRO Bank N.V., as Documentation Agent, and Standard Chartered Bank, as Syndication Agent, consisting of basic commitments of $400 million, with an option by Registrant to increase such commitments up to $500 million (the "New Credit Agreement"). The New Credit Agreement replaces Registrant's existing $450 million revolving credit facility.

The new credit facility will be available for working capital and other corporate purposes. The agreement contains affirmative and negative covenants usual and customary for facilities of this size and purpose. The New Credit Agreement matures in 2012. Participating lenders include The Bank of New York Mellon, ABN AMRO Bank N.V., Standard Chartered Bank, Bank of America, N.A., Bank of America, N.A., Canada Branch, HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., Mizuho Corporate Bank, Ltd., U.S. Bank, National Association, and Wachovia Bank, National Association.

(c) Exhibits

             10.146       Credit Agreement dated as of July 31, 2009 by and among
                          Registrant, Tiffany and Company, Tiffany & Co.
                          International, Tiffany & Co. Japan Inc. and each other
                          Subsidiary of Registrant that is a Borrower and is a
                          signatory thereto and The Bank of New York Mellon, as
                          Administrative Agent, and various lenders party thereto.




             10.147       Guaranty Agreement dated as of July 31, 2009, with
                          respect to the Credit Agreement (see Exhibit 10.146
                          above) by and among Registrant, Tiffany and Company,
                          Tiffany & Co. International, and Tiffany & Co. Japan
                          Inc. and The Bank of New York Mellon, as Administrative
                          Agent.