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Filed Pursuant to Rule 424(b)(3)
relating to Reg. Stmt. 33-48840
and Reg. Stmt. 33-78424
Pricing Supplement No. 28 dated June 8, 1995 Rule 424(b)(3)
(To Prospectus dated May 12, 1994 File No. 33-78424
and Prospectus Supplement dated May 12, 1994) File No. 33-48840
Colgate-Palmolive Company
Medium-term Notes - Fixed Rate
Series B
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Principal Amount $25,000,000 Trade Date: June 8, 1995
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Issue Price: 100% Original Issue Date: June 30, 1995
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Interest Rate: 7.00% Net Proceeds to Issuer: $25,000,000
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Stated Maturity Date: June 30, 2010 Agent's Discount or Commission: $ 0 *
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Interest Payment Dates: September 30, December 30, March 30, June 30
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Day Count Convention:
[ X ] 30 / 360 for the period from June 30, 1995 to June 30, 2010
[ ] Actual / 360 for the period from to
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[ ] Actual / Actual for the period from to
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Redemption:
[ ] The Notes cannot be redeemed prior to the Stated Maturity
Date, except as set forth in the Prospectus.
[ X ] The Notes may be redeemed prior to the Stated Maturity Date on
any Interest Payment Date commencing with the Initial Redemption
Date.
Initial Redemption Date: June 30, 1998
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Initial Redemption Percentage: 100 %
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Annual Redemption Percentage Reduction: % until
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Redemption Percentage is 100% of the principal amount.
Optional Repayment:
[ X ] The Notes cannot be repaid prior to the Stated Maturity Date,
except as set forth in the Prospectus.
[ ] The Notes can be repaid prior to the Stated Maturity Date at
the option of the holder of the Notes.
Optional Repayment Date(s):
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Repayment Price: %
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Currency:
Specified Currency: US Dollars
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(If other than US Dollars, see attached.)
Minimum Denomination:
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(Applicable only if Specified Currency is other than US
Dollars.)
Original Issue Discount: [ ] Yes [ X ] No
Total amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [ X ] Book-entry [ ] Certified
Agent acting in the capacity indicated below:
[ ] Agent [ X ] Principal
If as Principal:
[ X ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public
offering price of % of principal amount.
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If as Agent:
The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
[ ] Other Provisions: (see attached)
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*In connection with the issuance of the Note, the Company will enter into an
interest rate swap transaction that has been arranged by an affiliate of the
Agent.
USE OF PROCEEDS
The net proceeds from the sale of the Notes will be used by the Company
to repay commercial bank borrowings incurred in connection with the Company's
acquisition of the worldwide Kolynos oral care business from American Home
Products Corporation on January 10, 1995. As of March 31, 1995, the Company's
outstanding commercial paper had a weighted average interest rate of 6.15% with
maturities ranging from 3 to 90 days.
X Lehman Brothers Inc.
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