Pricing Supplement No. 14 dated November 1, 2006 Rule 424(b)(3) (To Prospectus dated November 13, 2001 File No. 333-72340 and Prospectus Supplement dated November 13, 2001) Colgate-Palmolive Company Medium-Term Notes - Fixed Rate Series E We are hereby offering to sell Notes having the terms specified below to you through Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated, acting as co-lead agents, and Banc of America Securities LLC, BNP Paribas Securities Corp., Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc. and Williams Capital Group, L.P., acting as agents (collectively, the "Agents"), at a fixed initial public offering price of 99.992% of the principal amount. Principal Amount: $254,388,000 Trade Date: November 1, 2006 Issue Price: 99.992% Original Issue Date: November 6, 2006 Interest Rate: 5.20% Net Proceeds to Colgate: $253,222,903 Stated Maturity Date: November 7, 2016 Agent's Discount or Commission: $1,144,746 CUSIP Number: 19416QDH0 Interest Payment Dates: November 7 and May 7 of each year, commencing on May 7, 2007 Redemption: N/A Optional Repayment: N/A Currency: Specified Currency: US Dollars Minimum Denomination: $1,000 Original Issue Discount: [ ] [ X ] No Total amount of OID: Yield to Maturity: Initial Accrual Period: Form: [ X ] Book-entry [ ] Certificated The Agents, acting solely as our agents, have agreed to use their respective reasonable efforts to solicit purchases of the principal amount of Notes set forth opposite their respective names. Co-Lead Agents Principal Amount of Notes Citigroup Global Markets Inc. $27,500,000 Deutsche Bank Securities Inc. $27,500,000 Merrill Lynch, Pierce, Fenner & Smith $27,500,000 Incorporated Morgan Stanley & Co. Incorporated $27,500,000 Agents Principal Amount of Notes Banc of America Securities LLC $27,500,000 BNP Paribas Securities Corp. $27,500,000 Goldman, Sachs & Co. $27,500,000 HSBC Securities (USA) Inc. $27,500,000 J.P. Morgan Securities Inc. $27,500,000 Williams Capital Group, L.P. $6,888,000 Use of Proceeds: --------------- The net proceeds from the sale of the Notes will be used by Colgate to retire commercial paper which was issued by Colgate for general corporate purposes and working capital. As of November 1, 2006, Colgate's outstanding commercial paper had a weighted average interest rate of 5.22% with maturities ranging from 1 day to 58 days. Legal Matters: ------------- Sidley Austin LLP, New York, New York has acted as counsel for Colgate. Mayer Brown Rowe & Maw LLP has acted as counsel for the Agents. 2