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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(Print or Type Responses)

1. Name and Address of Reporting Person *   Peterson Jack 2. Date of Event Requiring Statement (Month/Day/Year) 02/13/2006 3. Issuer Name and Ticker or Trading Symbol NU SKIN ENTERPRISES INC [NUS] (Last) (First) (Middle) C/O NU SKIN ENTERPRISES, INC., 75 WEST CENTER STREET 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) PROVO, UT 84601 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 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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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
Employee Stock Option (right to buy)	  (1)	08/31/2010	Class A Common Stock	22,500	$ 6.56	D	Â
Employee Stock Option (right to buy)	  (1)	08/31/2010	Class A Commmon Stock	1,500	$ 6.56	D	Â
Employee Stock Option (right to buy)	  (1)	02/28/2011	Class A Common Stock	4,000	$ 8.2	D	Â
Employee Stock Option (right to buy)	  (1)	08/31/2011	Class A Common Stock	7,500	$ 12.45	D	Â
Employee Stock Option (right to buy)	04/19/2003(2)(3)	04/19/2012	Class A Common Stock	4,500	$ 12.45	D	Â
Employee Stock Option (right to buy)	  (1)(2)	07/13/2009	Class A Common Stock	12,000	$ 12.45	D	Â
Employee Stock Option (right to buy)	04/19/2003(1)(2)	08/31/2009	Class A Common Stock	24,000	$ 12.45	D	Â
Employee Stock Option (right to buy)	09/03/2003(3)	09/03/2012	Class A Common Stock	4,500	$ 12	D	Â
Employee Stock Option (right to buy)	03/10/2004(3)	03/10/2013	Class A Common Stock	5,000	$ 9.04	D	Â
Employee Stock Option (right to buy)	09/02/2004(3)	09/02/2013	Class A Common Stock	5,000	$ 11.5	D	Â
Employee Stock Option (right to buy)	02/27/2005(3)	02/27/2014	Class A Common Stock	5,000	$ 19.15	D	Â
Employee Stock Option (right to buy)	09/01/2005(3)	09/01/2014	Class A Common Stock	5,000	$ 26.13	D	Â
Employee Stock Option (right to buy)	02/28/2006(3)	02/28/2015	Class A Common Stock	6,000	$ 22.33	D	Â
Employee Stock Option (right to buy)	08/31/2006(3)	08/31/2015	Class A Common Stock	5,000	$ 21.34	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Peterson Jack C/O NU SKIN ENTERPRISES, INC. 75 WEST CENTER STREET PROVO, UT 84601	Â	Â	  Vice President	Â

Signatures

Erik Haugen as Attorney-in-Fact for Jack Peterson		02/23/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Currently exercisable in full.
(2)	Issued as part of an Option Exchange Offer.
(3)	Becomes exercisable in four equal annual installments beginning on the date indiciated.

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