COLGATE PALMOLIVE CO — Director's Dealing 2006

Mar 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-03-01

Reporting Person: TOBEN EDMUND D (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-01	Common Stock	F	956	$54.72	Disposed	36449	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1447	Indirect
Common Stock	2387	Indirect

Footnotes

F1: Payment of tax liability by withholding shares of stock from performance-based award of restricted shares vesting under the issuer's stockholder-approved Executive Incentive Compensation Plan. The overall net effect of the vesting of restricted shares, after the withholding of shares to pay income taxes associated with such vesting reported on this Form, was to increase Mr. Toben's non-restricted holdings (i.e., common shares held outright) of Colgate stock.

F2: 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.