SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Schwerdt Scott E (Last) (First) (Middle) C/O NU SKIN ENTERPRISES, INC. 75 WEST CENTER STREET (Street) PROVO UT 84601 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/29/2004	3. Issuer Name and Ticker or Trading Symbol NU SKIN ENTERPRISES INC [ NUS ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) X Other (specify below) Regional Vice President- / North America	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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)
Class A Common Stock	1,917(1)	D

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: 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
Employee Stock Option (right to buy)	08/21/1999(2)	08/21/2008	Class A Common Stock	18,000	13.91	D
Employee Stock Option (right to buy)	07/13/2006(2)	07/13/2009	Class A Common Stock	75,000	20.8	D
Employee Stock Option (right to buy)	08/31/2000(2)	08/31/2009	Class A Common Stock	20,000	12.94	D
Employee Stock Option (right to buy)	02/07/2001(2)	02/07/2010	Class A Common Stock	55,000	8.19	D
Employee Stock Option (right to buy)	08/31/2001(2)	08/31/2010	Class A Common Stock	7,500	6.56	D
Employee Stock Option (right to buy)	08/31/2001(2)	08/31/2010	Class A Common Stock	5,000	6.56	D
Employee Stock Option (right to buy)	02/28/2002(2)	02/28/2011	Class A Common Stock	10,000	8.2	D
Employee Stock Option (right to buy)	08/31/2002(2)	08/31/2011	Class A Common Stock	10,000	6.85	D
Employee Stock Option (right to buy)	03/01/2003(2)	03/01/2012	Class A Common Stock	7,500	8.99	D
Employee Stock Option (right to buy)	09/03/2003(2)	09/03/2012	Class A Common Stock	7,500	12	D
Employee Stock Option (right to buy)	03/10/2004(2)	03/10/2013	Class A Common Stock	12,500	9.04	D
Employee Stock Option (right to buy)	09/02/2004(2)	09/02/2013	Class A Common Stock	12,500	11.5	D
Employee Stock Option (right to buy)	02/27/2005(2)	02/27/2014	Class A Common Stock	12,500	19.15	D

Explanation of Responses:

1. Number of shares beneficially owned as of April 29, 2004.

2. Becomes exercisable in four equal annual installments beginning on the date indicated.

Remarks:

	D. Matthew Dorny as Attorney-in-Fact for Scott E. Schwerdt	05/10/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** 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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 POWER OF ATTORNEY





The undersigned hereby constitutes and appoints each of Truman Hunt,

Matthew Dorny, and Ritch Wood, signing singly, the undersigned's true

and lawful attorney-in-fact to:



(1) execute for and on behalf of the undersigned, in the undersigned's

  capacity as (a) an officer and/or director of Nu Skin Enterprises,

 Inc.(the "Company"); or (b) a beneficial owner of the Company's

 common stock, Forms 3, 4, and 5 in accordance with Section 16(a)

 of the Securities Exchange Act of 1934, as amended,and the rules

 thereunder;



(2) do and perform any and all acts for and on behalf of the

 undersigned which may be necessary or desirable to complete

 and execute any such Forms 3, 4, or 5 andtimely file such

 forms with the United States Securities and Exchange Commission

 and any stock exchange or similar authority; and



(3) take any other action of any type whatsoever in connection with

 the foregoing which, in the opinion of such attorney-in-fact,

 may be of benefit to, in the best interest of, or legally

 required by, the undersigned, it being understood that the

 documents executed by such attorney-in-fact on behalf of

 the undersigned pursuantto this Power of Attorney shall be

 in such form and shall contain such terms andconditions as

 such attorney-in-fact may approve in such attorney-in-fact's

 discretion.



The undersigned hereby grants to such attorney-in-fact full power and

authority to do and perform any and every act and thing whatsoever

requisite, necessary, or proper to be done in the exercise of any

of the rights and powers herein granted, as fully to all intents

and purposes as the undersigned might or could do if personally

present, with full power of substitution or revocation, hereby ratifying

and confirming all that such attorney-in-fact,or such attorney-in-fact's

substitute or substitutes, shall lawful do or cause to be done

by virtue of this Power of Attorney and the rights and powers herein

granted.  The undersigned acknowledges that the foregoing attorney-in

- -fact, in serving in such capacity at the request of the undersigned,

is not assuming, nor is the Company assuming, any of the undersigned's

responsibilities to comply with Section 16 of the Securities Exchange

Act of 1934, as amended.



This Power of Attorney shall remain in full force and effect until

the undersigned is no longer required to file Forms 3, 4, and 5

with respect to the undersigned's holdings of and transactions

in securities issued by the Company, unless earlier revoked by

the undersigned in a signed writing delivered to the foregoing

attorney-in-fact.



IN WITNESS WHEREOF, the undersigned has caused this Power of

Attorney to be executed as of the 1st day of August, 2002.







/s/ Scott Schwerdt