COLGATE PALMOLIVE CO — Director's Dealing 2006

Aug 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: TOBEN EDMUND D (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-08	Common Stock	M	9001	$55.70	Acquired	39878	Direct
2006-08-08	Common Stock	F	170	$59.005	Disposed	39708	Direct
2006-08-08	Common Stock	F	8497	$59.005	Disposed	31211	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-08	Stock Option (Right to Buy)	$55.70	M	9001	Disposed	2006-09-05	Common Stock (9001)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1489	Indirect
Common Stock	2387	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 334 shares.

F5: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.