COLGATE PALMOLIVE CO — Director's Dealing 2006

Nov 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-11-08

Reporting Person: HANCOCK ELLEN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-08	Common Stock	M	977	$51.445	Acquired	60951	Direct
2006-11-08	Common Stock	F	774	$65.00	Disposed	60177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-08	Stock Option (Right to Buy)	$51.445	M	977	Disposed	2007-02-18	Common Stock (977)	Direct

Footnotes

F1: Exercise of stock options awarded under the issuer's Non-Employee Director Stock Option Plan.

F2: 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 Non-employee Director Stock Option Plan.

F3: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 203 shares.