EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED DIVIDENDS

(Dollars in Millions)

(Unaudited)

	Six Months Ended June 30, 2005
Earnings:
Income before income taxes	$	971.2
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		65.5
Portion of rents representative of interest factor		20.8
Less:
Gain on equity investments		(1.7	)
Income as adjusted	$	1,055.8
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium	$	65.5
Portion of rents representative of interest factor		20.8
Capitalized interest		1.3
Total fixed charges	$	87.6
Preferred Dividends:
Dividends on Preference Stock	$	17.2
Ratio of earnings to fixed charges		12.1
Ratio of earnings to fixed charges and preferred dividends		10.1