Item 8.01 Other Events

On August 21, 2009, Andrea Jung, Chairman and Chief Executive Officer of Avon Products, Inc. (the "Company"), established a trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company's policy governing securities transactions by directors, executive officers and other employees.

Ms. Jung has employee stock options covering 1,486,026 shares of the Company's common stock that expire over the next several years, which were granted to Ms. Jung, as Chief Executive Officer, in 2001, 2002 and 2003. The 10b5-1 trading plan provides for an independent broker to exercise these stock options and sell the underlying shares in advance of the expiration dates, beginning in November 2009 until the plan expires in February 2011. The plan specifies a written formula for determining the number of options to be exercised and the underlying shares of common stock to be sold at specified times depending on the price of the Company's common stock.

The transactions under this plan will be disclosed in Form 4 and Form 144 filings with the Securities and Exchange Commission.

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