SEC 1473
(06-02)

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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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1. Name and Address of Reporting Person*

Shachtman,    Nancy    

c/o Guess?, Inc., 1444 S. Alameda Street

(Street)

(City)      (State)          (Zip)

 2. Date of Event
    Requiring Statement
    (Month/Day/Year)
September / 3 / 2002

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

 4. Issuer Name and Ticker
    or Trading Symbol

Guess?, Inc.  GES

 5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

   Director

     10% Owner

 X   Officer  President of Wholesale

     Other   

6. If Amendment,
    Date of Original
    (Month/Day/Year)

  /    / 

7. 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)

Common Stock

350

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 of Derivative
    Securities: 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

Explanation of responses:

Nancy Shachtman

09/03/2002

** Signature of Reporting Person

Date

*

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).

Note:

File three copies of this Form, one of which must be manually signed. If space is insufficient,

See Instruction 6 for procedure.