COLGATE PALMOLIVE CO — Director's Dealing 2006

May 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-05-02

Reporting Person: Marsili Daniel B (VP Global Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-02	Common Stock	M	2408	$55.815	Acquired	11856	Direct
2006-05-02	Common Stock	F	53	$59.29	Disposed	11803	Direct
2006-05-02	Common Stock	F	2267	$59.29	Disposed	9536	Direct
2006-05-02	Common Stock	M	347	$55.37	Acquired	9883	Direct
2006-05-02	Common Stock	F	8	$59.29	Disposed	9875	Direct
2006-05-02	Common Stock	F	325	$59.29	Disposed	9550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-02	Stock Option (Right to Buy)	$55.815	M	2408	Disposed	2006-09-05	Common Stock (2408)	Direct
2006-05-02	Stock Option (Right to Buy)	$55.37	M	347	Disposed	2006-09-05	Common Stock (347)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38	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 102 shares.