COLGATE PALMOLIVE CO — Director's Dealing 2005

Feb 16, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2005-02-14

Reporting Person: JULIBER LOIS D (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-14	Common Stock	M	80000	$27.6407	Acquired	522419	Direct
2005-02-14	Common Stock	F	13676	$54.56	Disposed	508743	Direct
2005-02-14	Common Stock	F	40529	$54.56	Disposed	468214	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-14	Stock Option (Right to Buy)	$27.6407	M	80000	Disposed	2007-05-01	Common Stock (80000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	643	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 25,795 shares.

F5: Option became exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.