COLGATE PALMOLIVE CO — Director's Dealing 2004

Sep 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2004-09-01

Reporting Person: PATRICK STEPHEN C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-01	Common Stock	M	16833	$53.83	Acquired	184416	Direct
2004-09-01	Common Stock	F	34	$54.16	Disposed	184382	Direct
2004-09-01	Common Stock	F	16731	$54.16	Disposed	167651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-01	Stock Option (Right to Buy)	$53.83	M	16833	Disposed	2004-09-07	Common Stock (16833)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2707	Indirect

Footnotes

F1: Exercise of stock options awarded under the issuer's employee stock option plan.

F2: Payment of tax liability by delivering or withholding shares of stock incident to the exercise of the option under the issuer's employee stock option plan.

F3: Payment of exercise price of stock option by delivering or withholding shares of stock incident to the exercise of the option under the issuer's employee stock option plan.

F4: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 68 shares.

F5: Option became exercisable six months from the grant date.