PCT No. PCT/IB96/00754 Sec. 371 Date Apr. 24, 1997 Sec. 102(e) Date Apr. 24, 1997 PCT Filed Jul. 29, 1996 PCT Pub. No. WO97/04784 PCT Pub. Date Feb. 13, 1997A method of treating estrogen deficiencies in menopausal women by the oral administration of an estrogen alone followed by an estrogen progestogen combination and then a placebo.