COLGATE PALMOLIVE CO — Director's Dealing 2005

May 6, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2005-05-04

Reporting Person: FERGUSON RONALD E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-04	Common Stock	A	24	$52.16	Acquired	71592	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-04	Stock Option (Right to Buy)	$53.915	A	4000	Acquired	2015-02-17	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27255	Indirect

Footnotes

F1: Shares of common stock deferred to a stock unit account pursuant to the Deferred Compensation Plan for Non-Employee Directors

F2: Annual Stock Option granted on February 17, 2005, under the issuer's Non-Employee Director Stock Option Plan, contingent upon stockholder approval of such Plan, which occurred at the Annual Meeting of Stockholders on May 4, 2005.

F3: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.