FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

JON M. KING

2. Date of Event
Requiring Statement
Month/Day/Year
March 20, 2003

4. Issuer Name and Ticker or Trading Symbol
TIFFANY & CO.

(Last)      (First)     (Middle)

TIFFANY & CO.
727 FIFTH AVENUE

3. I.R.S. Identification
Number of Reporting
Person, if an entity
(voluntary)

5. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
    Director                          10% Owner
X Officer                            Other
(give title below)              (specify below)

Senior Vice President - Merchandising             

(Street)

NEW YORK, NY 10512

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr. 4)

2. Amount of
Securities
Beneficially
Owned
(Instr. 4)

3. Ownership Form:
Direct (D)
or Indirect (I)
(Instr. 5)

4. Nature of Indirect
Beneficial Ownership
(Instr. 5)

Common Stock $.01 Par

413.1347

I

ESOP

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 4)

2. Date Exercisable
and Expiration Date
(Month/Day/ Year)

3. Title and Amount of Securities
Underlying Derivative Security
(Instr. 4)

4. Conversion or
Exercise Price of
Derivative Security

5. Ownership Form
of Derivative
Security:
Direct (D)
or Indirect (I)
(Instr. 5)

6. Nature of Indirect Beneficial Ownership
(Instr. 5)

Date
Exercisable

Expiration
Date

Title          

Amount or
Number of
Shares

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/18/97⁽²⁾

01/18/07

COMMON STOCK $.01 PAR

24,000

$6.8750

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/15/98⁽²⁾

01/15/08

COMMON STOCK $.01 PAR

8,000

$9.4532

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/14/99⁽²⁾

01/14/09

COMMON STOCK $.01 PAR

4,000

$9.4844

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/21/00⁽²⁾

01/21/09

COMMON STOCK $.01 PAR

12,000

$14.9766

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/20/01⁽²⁾

01/20/10

COMMON STOCK $.01 PAR

6,000

$42.0782

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/18/02⁽²⁾

01/18/11

COMMON STOCK $.01 PAR

5,000

$32.4700

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/16/03⁽²⁾

01/16/12

COMMON STOCK $.01 PAR

7,000

$34.0200

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

03/21/03⁽²⁾

03/21/12

COMMON STOCK $.01 PAR

3,000

$35.9550

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

01/16/04⁽²⁾

01/16/13

COMMON STOCK $.01 PAR

10,000

$25.8450

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)⁽¹⁾

03/20/04⁽²⁾

03/20/13

COMMON STOCK $.01 PAR

30,000

$25.9400

D

Explanation of Responses:

(1) Options Granted under 16(b)(3) Employee Stock Option Plan.
(2) Options become exercisable in four equal insatllments. Date represents date on which first installment becomes/became exercisable. Three remaining installments of 25% each become/became exercisable on subsequent anniversaries of grant date.

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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