The invention discloses a shinning / whitening skin lightening dazzling-color cream and a preparation method thereof. The formula of the cream includes the following ingredients: ethylhexyl methoxycinnamate, isopropyl isostearate, polydimethylsiloxane, coconut oil PEG (polyethylene glycol)-10 esters, coco-glucoside, cetostearyl alcohol, PEG-100 stearate, water, glycerol, panthenol, allantoin, sodium hyaluronate, polyacrylamide, C13-14 isoparaffin, laureth-7, interference color pearlescent pigment, protease glucanase, tocopherolnano liposome acetate, butylene glycol, 1, 2-pentanediol, hydroxyphenylpropyl amide benzoic acid, methyl hydroxybenzoate, propyl hydroxybenzoate, methyl isothiazoline ketone and ethylhexyl glycerol. The shinning / whitening skin lightening dazzling-color cream is convenient to use, simple in process, easy for preparation, color-changeable under light and stable in properties, presents two different colors before and after application to bring totally new freshness feeling to user, and can brighten skin instantaneously to result in more bright and fair skin.