COLGATE PALMOLIVE CO — Director's Dealing 2006

Feb 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-01-30

Reporting Person: JOHNSON DAVID WILLIS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Common Stock	S	6000	$55.8703	Disposed	50480	Direct
2006-01-30	Common Stock	M	4000	$26.4844	Acquired	54480	Direct
2006-01-30	Common Stock	M	4000	$39.7344	Acquired	58480	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-30	Stock Option (Right to Buy)	$26.4844	M	4000	Disposed	2007-02-18	Common Stock (4000)	Direct
2006-01-30	Stock Option (Right to Buy)	$39.7344	M	4000	Disposed	2008-02-17	Common Stock (4000)	Direct

Footnotes

F1: Sale of shares for payment of exercise price and tax liability incident to exercise of stock options. As a result of the reported transactions, Mr. Johnson's Common Stock ownership has increased by 2000 shares.

F2: Exercise of stock options awarded under the issuer's Non-Employee Director Stock Option Plan.