COLGATE PALMOLIVE CO — Director's Dealing 2008

May 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-05-16

Reporting Person: McBride Seamus E (Exec VP Pres. No. Am. & W.C.E.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-16	Common Stock	M	2963	$56.90	Acquired	57352	Direct
2008-05-16	Common Stock	M	4941	$57.525	Acquired	62293	Direct
2008-05-16	Common Stock	M	3067	$55.555	Acquired	65360	Direct
2008-05-16	Common Stock	F	9398	$72.50	Disposed	55962	Direct
2008-05-19	Common Stock	S	237	$72.4569	Disposed	55725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Option (Right to Buy)	$56.90	M	2963	Disposed	2008-09-10	Common Stock (2963)	Direct
2008-05-16	Stock Option (Right to Buy)	$57.525	M	4941	Disposed	2008-09-10	Common Stock (4941)	Direct
2008-05-16	Stock Option (Right to Buy)	$55.555	M	3067	Disposed	2008-09-10	Common Stock (3067)	Direct

Footnotes

F1: Exercise of stock options awarded under the issuer's employee stock option plan.

F2: The exercise price of the options and related withholding requirement was satisfied by the Company's withholding shares otherwise deliverable upon exercise of the options.

F3: Sale of shares (with proceeds delivered to the Company) for payment of tax liability above minimum required statutory withholding (but not in excess of full applicable statutory tax rates) incident to the exercise of the option under the issuer's employee stock option plan.

F4: Option became 100% exercisable on the date shown in this column.