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: MONRAD ELIZABETH A (Director)

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

Footnotes

F1: 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.

F2: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.