COLGATE PALMOLIVE CO — Director's Dealing 2006

May 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-05-03

Reporting Person: HENDRY ANDREW D (Sr VP, Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	M	20845	$57.75	Acquired	184508	Direct
2006-05-03	Common Stock	F	149	$58.87	Disposed	184359	Direct
2006-05-03	Common Stock	F	20449	$58.87	Disposed	163910	Direct
2006-05-03	Common Stock	M	10051	$55.94	Acquired	173961	Direct
2006-05-03	Common Stock	F	189	$58.87	Disposed	173772	Direct
2006-05-03	Common Stock	F	9551	$58.87	Disposed	164221	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-03	Stock Option (Right to Buy)	$57.75	M	20845	Disposed	2006-09-05	Common Stock (20845)	Direct
2006-05-03	Stock Option (Right to Buy)	$55.94	M	10051	Disposed	2006-09-05	Common Stock (10051)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3761	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 558 shares.