COLGATE PALMOLIVE CO — Director's Dealing 2005

Feb 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2005-02-07

Reporting Person: JOY ROBERT J (Sr. VP, Global Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-07	Common Stock	M	11667	$48.0625	Acquired	45532	Direct
2005-02-07	Common Stock	F	518	$54.915	Disposed	45014	Direct
2005-02-07	Common Stock	F	10212	$54.915	Disposed	34802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-07	Stock Option (Right to Buy)	$48.0625	M	11667	Disposed	2010-09-14	Common Stock (11667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1651	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 937 shares.

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