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 *   KUSIN GARY M 2. Date of Event Requiring Statement (Month/Day/Year) 08/11/2011 3. Issuer Name and Ticker or Trading Symbol FOSSIL INC [FOSL] (Last) (First) (Middle) 2280 N. GREENVILLE AVE. 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) RICHARDSON, TX 75082 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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KUSIN GARY M 2280 N. GREENVILLE AVE. RICHARDSON, TX 75082	  X	Â	Â	Â

Signatures

/s/ Randy S. Hyne, Attorney-in-Fact		08/15/2011
**Signature of Reporting Person		Date

Explanation of Responses:

No securities are beneficially owned
*	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).
  Remarks: POWER OF ATTORNEY: KNOW ALL MEN BY THESE PRESENTS, that Gary M. Kusin hereby constitutes and appoints Randy S. Hyne as attorney-in-fact with power and authority to act on behalf of the undersigned as follows: To execute and file with the United States Securities and Exchange Commission Forms 3, 4, 5, and 144, and any amendments thereto, regarding transactions in Fossil, Inc. stock. Any person receiving a duly executed copy or facsimile of this instrument may rely on the authority of the attorney-in-fact as hereinabove set forth, and revocation or termination of this Power of Attorney by operation of law or otherwise shall be ineffective as to such person unless and until such person receives actual notice or knowledge of such revocation. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney this 11th day of August, 2011. /s/ Gary M. Kusin

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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