COLGATE PALMOLIVE CO — Director's Dealing 2004

Sep 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2004-09-03

Reporting Person: TERUEL JAVIER G (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-03	Common Stock	M	5919	$54.28	Acquired	253452	Direct
2004-09-03	Common Stock	F	27	$55.01	Disposed	253425	Direct
2004-09-03	Common Stock	F	5841	$55.01	Disposed	247584	Direct
2004-09-03	Common Stock	M	6863	$54.28	Acquired	254447	Direct
2004-09-03	Common Stock	F	31	$55.01	Disposed	254416	Direct
2004-09-03	Common Stock	F	6772	$55.01	Disposed	247644	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-03	Stock Option (Right to Buy)	$54.28	M	5919	Disposed	2004-09-07	Common Stock (5919)	Direct
2004-09-03	Stock Option (right to Buy)	$54.28	M	6863	Disposed	2004-09-07	Common Stock (6863)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8617	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 111 shares.