To provide an antiperspirant or deodorant cosmetic comprising an oil-in-alcohol/water type emulsion composition, said antiperspirant or deodorant cosmetic having a high emulsion stability, offering no stickiness upon application and giving a pleasant refreshing feeling and dry touch. An antiperspirant or deodorant cosmetic comprising an oil-in-alcohol/water type emulsion composition, said oil-in-alcohol/water type emulsion composition containing: (a) 1 mass% or less of an oily component containing a highly polymerized silicone; (b) an emulsifier comprising one or more kinds of polyether-denatured silicones; (c) 50 mass% or more of a lower alcohol; and (d) water.本發明之目的在於提供一種乳化穩定性良好、無塗抹時之黏膩、且具有良好之清涼感及乾爽感的包含醇/水中油型乳化組合物之制汗或除臭化妝料。 本發明係關於一種制汗或除臭化妝料,其包含醇/水中油型乳化組合物,上述醇/水中油型乳化組合物含有:(a)包含1質量%以下之高聚合矽酮之油分、(b)包含一種或兩種以上之聚醚改性矽酮之乳化劑、(c)50質量%以上之低級醇、及(d)水。