Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
DORNY D MATTHEW
   2. Issuer Name and Ticker or Trading Symbol
NU SKIN ENTERPRISES INC [NUS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
Vice President / General Counsel
(Last)
(First)
(Middle)
C/O NU SKIN ENTERPRISES, INC., 75 WEST CENTER STREET		 3. Date of Earliest Transaction (Month/Day/Year)
02/28/2005
(Street)

PROVO 84601		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/20/2005   M   1,000 D $ 12.45 1,614 (2) D  
Class A Common Stock 05/20/2005   M   4,000 D $ 12.45 5,614 D  
Class A Common Stock 05/20/2005   S(1)   2,336 D $ 22.06 3,278 D  
Class A Common Stock 05/20/2005   S(1)   1,300 D $ 22.09 1,978 D  
Class A Common Stock 05/20/2005   S(1)   100 D $ 22.11 1,878 (3) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) (4) $ 6.56             08/31/2001(5) 08/31/2010 Class A Common Stock 1,250   1,250 (3) D  
Employee Stock Option (right to buy) (4) $ 8.2             02/28/2002(5) 02/28/2011 Class A Common Stock 2,500   2,500 (3) D  
Employee Stock Option (right to buy) (4) $ 12.45               (6) 08/31/2009 Class A Common Stock 5,000   5,000 (3) D  
Employee Stock Option (right to buy) (4) $ 12.45             08/31/2002(5) 08/31/2011 Class A Common Stock 2,500   2,500 (3) D  
Employee Stock Option (right to buy) (4) $ 12.45             04/19/2003(5) 04/19/2012 Class A Common Stock 2,500   2,500 (3) D  
Employee Stock Option (right to buy) $ 12.45 05/20/2005   M     4,000   (6) 05/26/2008 Class A Common Stock 4,000 (7) 0 (3) D  
Employee Stock Option (right to buy) $ 12.45 05/20/2005   M     1,000   (6) 08/21/2008 Class A Common Stock 1,000 (7) 3,000 (3) D  
Employee Stock Option (right to buy) (4) $ 12             09/03/2003(5) 09/03/2012 Class A Common Stock 3,500   3,500 (3) D  
Employee Stock Option (right to buy) (4) $ 9.04             03/10/2004(5) 03/10/2013 Class A Common Stock 12,500   12,500 (3) D  
Employee Stock Option (right to buy) (4) $ 11.5             09/02/2004(5) 09/02/2013 Class A Common Stock 12,500   12,500 (3) D  
Employee Stock Option (right to buy) (4) $ 19.15             02/27/2005(5) 02/27/2014 Class A Common Stock 12,500   12,500 (3) D  
Employee Stock Option (right to buy) (4) $ 26.13             09/01/2005(5) 09/01/2014 Class A Common Stock 12,500   12,500 (3) D  
Employee Stock Option (right to buy) (4) $ 22.33             02/28/2006(5) 02/28/2015 Class A Common Stock 12,500   12,500 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DORNY D MATTHEW
C/O NU SKIN ENTERPRISES, INC.
75 WEST CENTER STREET
PROVO 84601		       Vice President General Counsel

Signatures

 D. Matthew Dorny   05/23/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Sale pursuant to a 10b5-1 plan adopted by the Reporting Person.
(2) Updated to reflect shares acquired under the Company's Employee Stock Purchase Plan which are exempt from filing.
(3) Represents number of shares beneficially owned as of May 20, 2005.
(4) Previously reported.
(5) Becomes exercisable in four equal annual installments beginning one year from the date of grant.
(6) Currently exercisable in full.
(7) Price not applicable.

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