FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C.  20549

(Mark One)
[x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
For the quarterly period ended March 31, 1996.
                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from _____________________ to ___________________.

  Commission File Number 1-644
                           ---


                            COLGATE-PALMOLIVE COMPANY
             (Exact name of registrant as specified in its charter)

            DELAWARE                                 13-1815595
            --------                                 ----------
(State or other jurisdiction of         (I.R.S. Employer Identification No.)
 incorporation or organization)
300 PARK AVENUE, NEW YORK, NEW YORK                             10022           
- --------------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)

                                 (212) 310-2000
                                                                                
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)

                                     NO CHANGES                                 
- --------------------------------------------------------------------------------
(Former name, former address, and former fiscal year, if changed since last
report).

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes   x    No      
                                        -----     -----

Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the latest practical date:

        Class                 Shares Outstanding              Date      
- ----------------------        ------------------        ----------------
Common, $1.00 par value             146,436,788            April 30, 1996

Total number of sequentially numbered pages in this filing, including exhibits
thereto:














PART I.   FINANCIAL INFORMATION
- -------   ---------------------

                            COLGATE-PALMOLIVE COMPANY

                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                   -------------------------------------------

                 (Dollars in Millions Except Per Share Amounts)
                                   (Unaudited)

- ------------------------------------------------------------------------

                                                      Three Months Ended
                                                      ------------------
                                                           March 31,
                                                           ---------

                                                        1996      1995  
                                                      --------  --------
Net sales                                             $2,053.7  $1,980.3
Cost of sales                                          1,050.4   1,010.5
                                                      --------  --------
Gross profit                                           1,003.3     969.8
                                                      --------  --------

Selling, general and administrative                      733.8     685.2
  expenses
Interest expense (net of interest income
  of $9.3 and $9.1, respectively)                         47.1      43.8
                                                      --------  --------
                                                         780.9     729.0
                                                      --------  --------

Income before income taxes                               222.4     240.8
Provision for income taxes                                78.9      84.3
                                                      --------  --------


Net income                                            $  143.5  $  156.5
                                                      ========  ========

Earnings per common share:
  Primary:
    Net income per share                              $    .95  $   1.05
                                                      ========  ========

  Assuming full dilution:
    Net income per share                              $    .89  $    .97
                                                      ========  ========

Dividends declared per common share*:                 $    .94  $    .82
                                                      ========  ========


*  Includes two dividend declarations in both periods.

See Notes to Condensed Consolidated Financial Statements.



                                      2






















                            COLGATE-PALMOLIVE COMPANY

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      -------------------------------------

                              (Dollars in Millions)
                                   (Unaudited)

- ----------------------------------------------------------------------------

                                     ASSETS
                                     ------

                                                      March 31, December 31,
                                                        1996        1995    
                                                      --------- ------------

Current Assets:
  Cash and cash equivalents                           $  206.9  $  208.8
  Marketable securities                                   52.5      47.8
  Receivables (less allowance of $31.9 in
    both periods)                                      1,105.1   1,116.9
  Inventories                                            810.4     774.8
  Other current assets                                   242.3     211.9
                                                      --------  --------
                                                       2,417.2   2,360.2

Property, Plant and Equipment:
  Cost                                                 3,683.4   3,599.4
  Less:  Accumulated depreciation                      1,484.6   1,444.2
                                                      --------  --------
                                                       2,198.8   2,155.2
                                                      --------  --------

Goodwill and other intangible
  assets (net of accumulated amortization
  of $316.0 and $295.3)                                2,785.5   2,741.7
Other assets                                             400.1     385.2
                                                       -------  --------
                                                      $7,801.6  $7,642.3
                                                      ========  ========


See Notes to Condensed Consolidated Financial Statements.





                                      3













                            COLGATE-PALMOLIVE COMPANY

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      -------------------------------------

                              (Dollars in Millions)
                                   (Unaudited)

- ----------------------------------------------------------------------------

                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------

                                                      March 31, December 31,
                                                        1996         1995   
                                                      --------- ------------

Current Liabilities:
  Notes and loans payable                             $  264.7  $  204.4
  Current portion of long-term debt                       34.0      37.0
  Accounts payable                                       748.6     738.7
  Accrued income taxes                                    95.4      76.6
  Other accruals                                         766.2     696.4
                                                      --------  --------
                                                       1,908.9   1,753.1
                                                      --------  --------


Long-term debt                                         2,953.5   2,992.0
Deferred income taxes                                    242.2     237.3
Other liabilities                                      1,000.0     980.1

Shareholders' Equity:
  Preferred stock                                        402.0     403.5
  Common stock                                           183.2     183.2
  Additional paid-in capital                           1,046.6   1,033.7
  Retained earnings                                    2,397.7   2,392.2
  Cumulative foreign currency
     translation adjustments                            (516.1)   (513.0)
                                                      --------- ---------
                                                       3,513.4   3,499.6

  Unearned compensation                                 (375.1)   (378.0)
  Treasury stock, at cost                             (1,441.3) (1,441.8)
                                                      --------- ---------
                                                       1,697.0   1,679.8
                                                      --------  --------
                                                      $7,801.6  $7,642.3
                                                      ========  ========




See Notes to Condensed Consolidated Financial Statements.

                                      4


                            COLGATE-PALMOLIVE COMPANY

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                 -----------------------------------------------

                              (Dollars in Millions)
                                   (Unaudited)

- ------------------------------------------------------------------------

                                                      Three Months Ended
                                                      ------------------
                                                           March 31,
                                                           ---------

                                                        1996      1995  
                                                      --------  --------

Operating Activities:
- ---------------------

Net cash provided by operating activities             $  175.0  $  138.1
                                                      --------  --------

Investing Activities:
- ---------------------

Capital expenditures                                    (107.4)    (82.6)
Payments for acquisitions, net of cash
  acquired                                               (17.3) (1,216.7)
Purchase of marketable securities and other
  investments, net                                        (2.4)    (34.5)
Other, net                                               (21.4)     (9.6)
                                                      --------- ---------

  Net cash used for investing activities                (148.5) (1,343.4)
                                                      --------- ---------


Financing Activities:
- ---------------------

Principal payments on debt                                (7.3)     (7.4)
Proceeds from issuance of debt, net                       39.2   1,274.9
Dividends paid                                           (69.0)    (59.7)
Purchase of common stock                                   -        (9.0)
Other, net                                                 9.9       7.8
                                                      --------  --------

Net cash (used for) provided by financing
activities                                               (27.2)  1,206.6
                                                      --------- --------

Effect of exchange rate changes on
  cash and cash equivalents                               (1.2)      0.3
                                                      --------- --------
Net (decrease) increase in cash and cash
  equivalents                                             (1.9)      1.6
Cash and cash equivalents at beginning of
  period                                                 208.8     169.9
                                                      --------  --------
Cash and cash equivalents at end of period            $  206.9  $  171.5
                                                      ========  ========




See Notes to Condensed Consolidated Financial Statements.


                                      5



                            COLGATE-PALMOLIVE COMPANY

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------

                 (Dollars in Millions Except Per Share Amounts)

                                   (Unaudited)

1.   The  condensed  consolidated   financial  statements  reflect  all   normal
     recurring  adjustments which, in management's opinion,  are necessary for a
     fair  presentation  of  the  results  for  interim  periods.  Results of
     operations for the  three months ended March  31, 1996 and 1995  may not be
     representative of results to be expected for a full year.

2.   Provision  for certain expenses, including income taxes, media advertising,
     consumer promotion and new  product introductory costs,  are based on  full
     year assumptions.   Such  expenses are  charged to  operations in  the year
     incurred  and are  included  in  the  accompanying  condensed  consolidated
     financial  statements  in proportion  with  the  passage  of time  or  with
     estimated annual tax rates or annual sales.

3.   Inventories by major classes were as follows:

                                        March 31,   December 31,
                                          1996           1995   
                                        --------     -----------
     Raw materials and supplies         $ 320.8      $ 313.8
     Work-in-process                       43.6         38.3
     Finished goods                       446.0        422.7
                                        -------     --------
                                        $ 810.4      $ 774.8
                                        =======      =======

4.   Primary earnings  per share  are determined by  dividing net  income, after
     deducting dividends on preferred stock, net of related tax benefits, by the
     weighted  average number  of  common  shares  outstanding.   Fully  diluted
     earnings per  common share  are calculated assuming  the conversion  of all
     potentially dilutive securities, including  convertible preferred stock and
     outstanding options.  This calculation also  assumes reduction of available
     income by pro forma ESOP replacement funding, net of income taxes.

5.   As described in  Note 3 to the Company's  consolidated financial statements
     included in its Annual Report on Form 10-K, Colgate-Palmolive acquired  the
     worldwide Kolynos oral care business from American Home Products in January
     1995.  The acquisition is currently being reviewed by antitrust  regulatory
     authorities  in  Brazil.    While it  is  not  yet  possible to  definitely
     determine whether or not approval will be obtained, management believes the
     acquisition, or some variation thereof, will eventually be approved.

6.   As described in  Note 4 to the Company's  consolidated financial statements
     included in its Annual  Report on Form  10-K, Colgate-Palmolive recorded  a
     charge  for restructuring  its worldwide  manufacturing and  administrative
     operations in September 1995.   Reserves relating  to this program  totaled
     approximately $435.6 and  $407.4 at December 31,  1995 and March 31,  1996,
     respectively.   Management believes  that the  costs  of the  restructuring
     program will  be  financed  through  cash  from  operations  and  does  not
     anticipate  any significant  impact on  its liquidity  as  a result  of the
     restructuring program.


                                      6



                           COLGATE-PALMOLIVE COMPANY

             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
             ----------------------------------------------------

                (Dollars in Millions Except Per Share Amounts)

                                  (Unaudited)

7.   Reference is made to the Company's 1995 Annual Report on Form 10-K filed
     with the Securities and Exchange Commission for the year 1995 for a
     complete set of financial notes including the Company's significant
     accounting policies.





                                      7









                             COLGATE-PALMOLIVE COMPANY

                 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 -------------------------------------------------

                        CONDITION AND RESULTS OF OPERATIONS
                        -----------------------------------

                  (Dollars in Millions Except Per Share Amounts)

Results of Operations
- ---------------------

Worldwide sales reached $2,053.7 in the first quarter of 1996, a 4% increase
over the 1995 first quarter.  Sales were impacted by the continuing recession
in Mexico, resulting from the earlier peso maxi-devaluation as well as the
Venezuelan economic stagnation.  Excluding these two countries' results sales
and unit volume were up 6%.  All worldwide operating divisions grew in sales
and volume.

Sales in the Oral, Personal and Household Care segment were $1,869.9 up 3%
from $1,819.8 in 1995.  Unit volume gains across all geographic regions
contributed to the growth.

Colgate-Asia/Africa sales increased 7% to $415.0 on volume gains of 8%. 
Contributing to this region's growth were excellent results in greater China,
Hong Kong, India, New Zealand, Taiwan and the Philippines.  New products like
Protex antibacterial body cleansing products, fabric softener and
toothbrushes are complementing the Company's existing brand strength.

Colgate-Europe sales increased 2% to $526.9 on a volume increase of 1% as
well as favorable currency gains.  Austria, Greece, Germany and the
Netherlands achieved positive volume growth while France and Portugal were
affected by economic softness.  Volume was strong in Central Europe,
particularly in Poland and Russia.  Colgate Total toothpaste was launched in
Germany, while a new variant named Colgate Total Fresh Stripe is adding sales
throughout Europe.  Other European new products include the new Palmolive
shower gel, Protex, Ajax Expel cleanser and Respons hair conditioner.

Colgate-Latin America sales were $489.5, approximately equal to the 1995
record first quarter.  Expected declines in Mexico and Venezuela were offset
by excellent results throughout the balance of latin America.  Excluding the
effects of Mexico and Venezuela, sales increased 10% on 12% unit volume
gains.  Brazil, Colombia and Argentina achieved healthy increases in both
sales and volume.

Colgate-North America sales grew 4% to $438.5 on volume gains of 4%.  New
product introductions including Mennen Speed Stick Gel and Palmolive Ultra
dishwashing detergent as well as continued strength from the 1995
introductions of Colgate Baking Soda & Peroxide toothpaste, Irish Spring
Waterfall Clean soap and Palmolive dishwashing liquid & antibacterial hand
soap contributed to the growth.



                                      8





                             COLGATE-PALMOLIVE COMPANY

                 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 -------------------------------------------------

                        CONDITION AND RESULTS OF OPERATIONS
                        -----------------------------------

                  (Dollars in Millions Except Per Share Amounts)

Sales in the Pet Nutrition segment increased 15% to $183.8 on volume gains of
14%.  This growth was driven by benefits from the strategic shift to an in-
house sales force from outside distributors, increased advertising and
successful new product introductions including Hill's Science Diet Canine
Lamb & Rice and Science Diet Canned Varieties, launched mid-1995.

Worldwide gross profit margin of 48.9% virtually equaled that of the 1995
record first quarter, as the Company continues to focus on cost reduction and
shifting product mix towards high-margin oral and personal care products, and
was well ahead of the fourth quarter of 1995 (47.9%).

Selling, general and administrative expenses in the 1996 first quarter
increased as a percentage of sales to 35.7% from 34.6% in the prior year. 
The higher levels of expense include increased advertising and other
marketing and selling expenses to support both new product introductions and
established brands worldwide.

Earnings before interest and taxes (EBIT) declined 5.3% to $269.5, impacted
by the recession in Mexico and Venezuela which affected sales, and higher
levels of selling, general and administrative expenses.

Interest expense, net of interest income, was $47.1 in the 1996 first quarter
as compared with $43.8 in 1995.

The effective tax rate for the quarter was 35.5% in 1996 and 35.0% in 1995. 
The 35.5% rate reflects the Company's current estimate of its full year 
effective income tax rate which is slightly higher than the 1995 full year 
rate of 34.3% excluding the restructuring charge.

First quarter 1996 net income was $143.5 or $.95 per share compared with
$156.5 or $1.05 per share in the prior year.  The decline in earnings, as
expected, reflects the effects of the economic downturn versus the year ago
quarter.

Liquidity and Capital Resources
- -------------------------------

Net cash provided by operations increased to $175.0 in the 1996 first quarter
compared with $138.1 in the prior year.  At March 31, 1996, $875.7 of
commercial paper and $203.2 of other short-term borrowings were classified as
long-term debt in accordance with the Company's intent and ability to
refinance these obligations on a long-term basis.

Reference should be made to the 1995 Annual Report on Form 10-K for
additional information regarding available sources of liquidity and capital.


                                      9





                           COLGATE-PALMOLIVE COMPANY

PART II.  OTHER INFORMATION
- --------  -----------------


Item 1.   Legal Proceedings
- -------   -----------------

          Reference is made to Note 14 to the consolidated financial
          statements on page 35 of the registrant's Annual Report on Form 10-K 
          for the year ended December 31, 1995.

Item 6.   Exhibits and Reports on Form 8-K
- -------   --------------------------------

          (a) Exhibits:

               Exhibit 10-A   Amendment No. 1, dated as of March 22, 1996, to
                              the U.S. $900,000,000 Five Year Credit
                              Agreement, dated as of March 24, 1995.

               Exhibit 10-B   Amendment No. 1, dated as of March 22, 1996, to
                              the U.S. $1,000,000,000 364 Day Credit
                              Agreement, dated as of March 24, 1995.

               Exhibit 10-C   Amendment No. 2, dated as of March 23, 1996, to
                              the U.S. $900,000,000 Five Year Credit
                              Agreement, dated as of March 24, 1995.

               Exhibit 11     Computation of Earnings per Common Share.

               Exhibit 12     Ratio of Earnings to Fixed Charges.

               Exhibit 27     Financial Data Schedule

          (b)  Reports on Form 8-K.

               A report on Form 8-K dated March 29, 1996 was filed by the
               Company reporting the execution of a Distribution Agreement
               relating to its Medium-Term Notes, Series C.

                                      10









                                     SIGNATURE
                                     ---------




Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorised.






                                        COLGATE-PALMOLIVE COMPANY
                                        -------------------------
                                             (Registrant)



                                        Principal Accounting Officer:

May 10, 1996                            /s/       Stephen C. Patrick  
                                        ------------------------------
                                                  Stephen C. Patrick
                                                    Vice President
                                                  Corporate Controller



                                      11






                                                                    EXHIBIT 10-A




     AMENDMENT No. 1 (this "Amendment") to the U.S. $900,000,000 Five Year
Credit Agreement, dated as of March 24, 1995, among Colgate-Palmolive Company,
as Borrower, the Lenders parties thereto, Citibank, N.A., as Administrative
Agent, and Morgan Guaranty Trust Company of New York, as Documentation Agent,
(such credit agreement, the "Credit Agreement").  All capitalized terms used but
not defined herein, shall have the meanings ascribed to them in the Credit
Agreement.

     WHEREAS, the Borrower and the Lenders wish to amend the Credit Agreement on
the terms and subject to the conditions set forth below.  

     NOW THEREFORE, the Borrower and the Lenders hereby agree as follows:

1.   Section 1.01 of the Credit Agreement is hereby amended by deleting, in its
entirety the definition of "Termination Date" and replacing such definition with
the following:

                    "Termination Date" means the earlier of (a) March 22, 2001
                     ----------------
               and (b) the date of termination in whole of the Commitments
               pursuant to Section 2.05 or 6.01.

2.   Section 2.04 of the Credit Agreement is hereby amended by deleting in its
entirety the chart contained in Subsection (a) thereof and replacing such chart
with the following:

 Moody's                     S&P                   Utilization    Facility
 -------                     ---
                                                       Fee           Fee  
                                                   -----------    --------

 A3 or above       and       A- or above           0.000%         0.080%

 Baa2 or above     and       BBB or above          0.050%         0.125%


 Lower than above or not rated                     0.150%         0.200%

3. Section 2.07 of the Credit Agreement is hereby amended by deleting in its
entirety the chart contained in Subsection (b) thereof and replacing such chart
with the following:

 Moody's                             S&P              Rate
 -------                             ---              ----

 A3 or above             and         A- or above      0.145%

 Baa2 or above           and         BBB or above     0.200%

 Lower than above or not rated                        0.350%






























4.    This Amendment shall become effective, as of the date below, when the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower and all of the Lenders or, as to any of the Lenders, advice
satisfactory to the Administrative Agent that such Lender has executed this
Amendment.  This Amendment is subject to the provisions of Section 8.01 of the
Credit Agreement.

5.    This Amendment shall be governed by, and construed in accordance with, the
laws of the State of New York.

6.    This Amendment may be executed in any number of counterparts and by 
different parties hereto in separate counterparts, each of which when so 
executed shall be deemed to be an original and all of which taken together 
shall constitute one and the same agreement.  Delivery of an executed 
counterpart of a signature page to this Amendment by telecopier shall be 
effective as delivery of a manually executed counterpart of this Amendment.

7.    (a) On and after the effectiveness of this Amendment, each reference in 
the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of 
like import referring to the Credit Agreement, and each reference in the 
Notes, to "the Credit Agreement", "thereunder", "thereof" or words of like 
import referring to the Credit Agreement, shall mean and be a reference to the 
Credit Agreement, as amended by this Amendment.

      (b) The Credit Agreement and the Notes, as specifically amended by this
Amendment, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed.

      (c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under the Credit Agreement or
the Notes, or constitute a waiver of any provision of the Credit Agreement or
the Notes.





































                                        2















       IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of March 22,
1996.

                                      COLGATE-PALMOLIVE COMPANY


                                      By /s/ Brian J. Heidtke
                                         --------------------
                                         Vice President Finance and Corporate
                                            Treasurer




























































                                        3















                                      Lenders



                                      CITIBANK, N.A.


                                      By  /s/ Rosemary M. Bell
                                         ---------------------
                                        Title:  Attorney-in-Fact


                                      MORGAN GUARANTY TRUST COMPANY
                                         OF NEW YORK


                                      By  /s/ Timothy S. Broadbent
                                         -------------------------
                                        Title:  Vice President


                                      ABN AMRO BANK


                                      By  /s/ Francis O. Logan
                                         ---------------------
                                        Title:  Vice President


                                      By  /s/ Thomas Rogers
                                         ------------------
                                        Title:  Assistant Vice President


                                      BANK OF AMERICA NATIONAL TRUST &
                                         SAVINGS ASSOCIATION


                                      By  /s/ David Noda
                                         ---------------
                                        Title:  Vice President


































                                        4














                                      BANQUE NATIONALE DE PARIS


                                      By  /s/ Richard L. Sted
                                         --------------------
                                        Title: Senior Vice President


                                      By  /s/ Bonnie G. Eisenstat
                                         ------------------------
                                        Title:  Vice President


                                      BANCA COMMERCIALE ITALIANA


                                      By   /s/ Charles Dougherty
                                         -----------------------
                                        Title:  Vice President


                                      By   /s/ Sarah Kim
                                         ---------------
                                        Title:  Assistant Vice President


                                      CHEMICAL BANK


                                      By  /s/ Scott S. Ward
                                         ------------------
                                        Title:  Vice President


                                      COOPERATIEVE CENTRALE AIFFEISEN-
                                         BOERENLEENBANK (RABOBANK)


                                      By  [Commitment Assigned]
                                         ----------------------
                                        Title:


                                      THE BANK OF NEW YORK


                                      By  /s/ William Kerr
                                         -----------------
                                        Title:  Vice President





























                                        5














                                      BANQUE PARIBAS


                                      By  /s/ John J. McCormick, III
                                         ---------------------------
                                        Title:  Vice President


                                      By  /s/ Mary T. Finnegan
                                         ---------------------
                                        Title: Group Vice President


                                      THE CHASE MANHATTAN BANK


                                      By  /s/ Karen M. Sharf
                                         -------------------
                                        Title:  Vice President


                                      CREDIT SUISSE


                                      By  /s/ David W. Kratovil
                                         ----------------------
                                        Title:  Member of Senior Management


                                      By  /s/ Chris T. Horgan
                                         --------------------
                                        Title:  Associate


                                      DEUTSCHE BANK AG, NEW YORK AND/OR
                                         CAYMAN ISLANDS BRANCHES


                                      By  /s/ Stephan A. Wiedemann
                                         -------------------------
                                        Title:  Vice President


                                      By  /s/ Thomas A. Foley
                                         --------------------
                                        Title:  Assistant Vice President


                                      NATIONS BANK, N.A. (CAROLINAS)

                                      By  /s/ Scott A. Jackson
                                         ---------------------
                                        Title:  Vice President


























                                        6














                                      ROYAL BANK OF CANADA


                                      By  /s/ David A. Barsalou
                                         ----------------------
                                        Title:  Senior Manager


                                      SOCIETE GENERALE


                                      By  /s/ Bruce Drossman
                                         -------------------
                                        Title:  Vice President


                                      THE FIRST NATIONAL BANK OF CHICAGO


                                      By  /s/ Judy Mayberry
                                         ------------------
                                        Title:  Vice President


                                      NATIONAL WESTMINISTER BANK PLC


                                      By  /s/ Maria Amaral-LeBlanc
                                         -------------------------
                                        Title:  Vice President


                                      PNC BANK, NATIONAL ASSOCIATION


                                      By  /s/ Thomas R. Colwell
                                         ----------------------
                                        Title:  Vice President






































                                        7















                                      ISTITUTO BANCARIO SAN PAOLO DI
                                         TORINO SPA


                                      By  /s/ Wendell Jones
                                         ------------------
                                        Title: Vice President


                                      By  /s/ Robert S. Wurster
                                         ----------------------
                                        Title: 1st. Vice President


                                      UNION BANK OF SWITZERLAND


                                      By  /s/ Daniel H. Perron
                                         ---------------------
                                        Title: Vice President


                                      By  /s/ Daniel R. Strickford
                                         -------------------------
                                        Title: Assistant Vice President



$750,000,000.00                       Total of the Commitments







                                        8



                                                                    EXHIBIT 10-B


    AMENDMENT No. 1 (this "Amendment") to the U.S. $1,000,000,000 364 Day Credit
Agreement, dated as of March 24, 1995, among Colgate-Palmolive Company, as
Borrower, the Lenders parties thereto, Citibank, N.A., as Administrative Agent,
and Morgan Guaranty Trust Company of New York, as Documentation Agent, (such
credit agreement, the "Credit Agreement").  All capitalized terms used but not
defined herein, shall have the meanings ascribed to them in the Credit
Agreement.

     WHEREAS, the Borrower and the Lenders wish to amend the Credit Agreement on
the terms and subject to the conditions set forth below.  

     NOW THEREFORE, the Borrower and the Lenders hereby agree as follows:

1.  Section 1.01 of the Credit Agreement is hereby amended by deleting, in its
entirety the definition of "Termination Date" and replacing such definition with
the following:

               "Termination Date" means the earlier of (a) subject to the
                ----------------
          provisions of Section 8.11, the 364th day after the date of this
          Amendment and (b) the date of termination in whole of the
          Commitments pursuant to Section 2.05 or 6.01.

2.  Section 2.04 of the Credit Agreement is hereby amended by deleting in its
entirety the chart contained in Subsection (a) thereof and replacing such chart
with the following:

 Moody's                     S&P                Utilization   Facility
 -------                     ---
                                                    Fee          Fee  
                                                -----------   --------

 A3 or above          and    A- or above        0.000%        0.050%

 Baa2 or              and    BBB or above       0.050%        0.100%
 above

 Lower than above or not rated                  0.150%        0.175%

3.   Section 2.07 of the Credit Agreement is hereby amended by deleting in its
entirety the chart contained in Subsection (b) thereof and replacing such chart
with the following:


 Moody's                          S&P              Rate
 -------                          ---              ----

 A3 or above          and         A- or above      0.175%

 Baa2 or above        and         BBB or above     0.225%

 Lower than above or not rated                     0.375%

































4.   This Amendment shall become effective, as of the date below, when the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower and all of the Lenders or, as to any of the Lenders, advice
satisfactory to the Administrative Agent that such Lender has executed this
Amendment.  This Amendment is subject to the provisions of Section 8.01 of the
Credit Agreement.

5.   This Amendment shall be governed by, and construed in accordance with, the
laws of the State of New York.

6.   This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier shall be effective as delivery of
a manually executed counterpart of this Amendment.

7.   (a)  On and after the effectiveness of this Amendment, each reference in
the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like
import referring to the Credit Agreement, and each reference in the Notes, to
"the Credit Agreement", "thereunder", "thereof" or words of like import
referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment.

     (b)  The Credit Agreement and the Notes, as specifically amended by this
Amendment, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed.

     (c)  The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under the Credit Agreement or
the Notes, or constitute a waiver of any provision of the Credit Agreement or
the Notes.





































                                        2















          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed by their respective officers thereunto duly authorized, as of March
22, 1996.

                                      COLGATE-PALMOLIVE COMPANY


                                      By /s/ Brian J. Heidtke
                                         --------------------
                                        Vice President Finance and Corporate
                                        Treasurer




























































                                        3















                                      Lenders



                                      CITIBANK, N.A.


                                      By  /s/ Rosemary M. Bell
                                         ---------------------
                                        Title:  Attorney-in-Fact


                                      MORGAN GUARANTY TRUST COMPANY
                                         OF NEW YORK


                                      By  /s/ Timothy S. Broadbent
                                         -------------------------
                                        Title:  Vice President


                                      ABN AMRO BANK


                                      By  /s/ Francis O. Logan
                                         ---------------------
                                        Title:  Vice President


                                      By  /s/ Thomas Rogers
                                         ------------------
                                        Title:  Assistant Vice President


                                      BANK OF AMERICA NATIONAL TRUST &
                                         SAVINGS ASSOCIATION


                                      By  /s/ David Noda
                                         ---------------
                                        Title:  Vice President


































                                        4














                                      BANQUE NATIONALE DE PARIS


                                      By  /s/ Richard L. Sted
                                         --------------------
                                        Title:  Senior Vice President


                                      By  /s/ Bonnie G. Eisenstat
                                         ------------------------
                                        Title:  Vice President


                                      BANCA COMMERCIALE ITALIANA


                                      By  /s/ Charles Dougherty
                                         ----------------------
                                        Title:  Vice President


                                      By  /s/ Sarah Kim
                                         --------------
                                        Title:  Assistant Vice President


                                      CHEMICAL BANK


                                      By  /s/ Scott S. Ward
                                         ------------------
                                        Title:  Vice President


                                      COOPERATIEVE CENTRALE AIFFEISEN-
                                         BOERENLEENBANK (RABOBANK)


                                      By  [Commitment Assigned]
                                         ----------------------
                                        Title:


                                      THE BANK OF NEW YORK


                                      By  /s/ William Kerr
                                         -----------------
                                        Title:  Vice President





























                                        5














                                      BANQUE PARIBAS


                                      By  /s/ John J. McCormick, III
                                         ---------------------------
                                        Title:  Vice President


                                      By  /s/ Mary T. Finnegan
                                         ---------------------
                                        Title:  Group Vice President


                                      THE CHASE MANHATTAN BANK


                                      By  /s/ Karen M. Sharf
                                         -------------------
                                        Title:  Vice President


                                      CREDIT SUISSE


                                      By  /s/ David W. Kratovil
                                         ----------------------
                                        Title:  Member of Senior Management


                                      By  /s/ Chris T. Horgan
                                         --------------------
                                        Title:  Associate


                                      DEUTSCHE BANK AG, NEW YORK AND/OR
                                         CAYMAN ISLANDS BRANCHES


                                      By  /s/ Stephan A. Wiedemann
                                         -------------------------
                                        Title:  Vice President


                                      By  /s/ Thomas A. Foley
                                         --------------------
                                        Title:  Assistant Vice President


                                      NATIONS BANK, N.A. (CAROLINAS)

                                      By  /s/ Scott A. Jackson
                                         ---------------------
                                        Title:  Vice President


























                                        6














                                      ROYAL BANK OF CANADA


                                      By  /s/ David A. Barsalou
                                         ----------------------
                                        Title:  Senior Manager


                                      SOCIETE GENERALE


                                      By  /s/ Bruce Drossman
                                         -------------------
                                        Title:  Vice President


                                      THE FIRST NATIONAL BANK OF CHICAGO


                                      By  /s/ Judy Mayberry
                                         ------------------
                                        Title:  Vice President


                                      NATIONAL WESTMINISTER BANK PLC


                                      By  /s/ Maria Amaral-LeBlanc
                                         -------------------------
                                        Title:  Vice President


                                      PNC BANK, NATIONAL ASSOCIATION


                                      By  /s/ Thomas R. Colwell
                                         ----------------------
                                        Title:  Vice President






































                                        7















                                      ISTITUTO BANCARIO SAN PAOLO DI
                                         TORINO SPA


                                      By  /s/ Wendell Jones
                                         ------------------
                                        Title:  Vice President


                                      By  /s/ Robert S. Wurster
                                         ----------------------
                                        Title:  1st. Vice President


                                      UNION BANK OF SWITZERLAND


                                      By  /s/ Daniel H. Perron
                                         ---------------------
                                        Title:  Vice President


                                      By  /s/ Daniel R. Strickford
                                         -------------------------
                                        Title:  Assistant Vice President



$250,000,000.00                       Total of the Commitments















                                        8


                                                                    EXHIBIT 10-C


     AMENDMENT No. 2 (this "Amendment") to the U.S. $900,000,000 Five Year 
Credit Agreement, dated as of March 24, 1995, among Colgate-Palmolive Company, 
as Borrower, the Lenders parties thereto, Citibank, N.A., as Administrative 
Agent, and Morgan Guaranty Trust Company of New York, as Documentation Agent, 
as amended (such credit agreement, the "Credit Agreement").  All capitalized 
terms used but not defined herein, shall have the meanings ascribed to them in 
the Credit Agreement.

     WHEREAS, the Borrower and the Lenders wish to amend the Credit Agreement on
the terms and subject to the conditions set forth below.  

     NOW THEREFORE, the Borrower and the Lenders hereby agree as follows:

1.   Section 5.02(d) of the Credit Agreement is hereby amended by deleting the
reference therein to "March 24, 1996" and replacing such date with "April 1,
1997".


2.   This Amendment shall become effective, as of the date below, when the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower and the Required Lenders or, as to any of the Required Lenders,
advice satisfactory to the Administrative Agent that such Lender has executed
this Amendment.  This Amendment is subject to the provisions of Section 8.01 of
the Credit Agreement.

3.   This Amendment shall be governed by, and construed in accordance with, the
laws of the State of New York.

4.   This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier shall be effective as delivery of
a manually executed counterpart of this Amendment.

5.   (a)    On and after the effectiveness of this Amendment, each reference in
the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like
import referring to the Credit Agreement, and each reference in the Notes, to
"the Credit Agreement", "thereunder", "thereof" or words of like import
referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment.

     (b)    The Credit Agreement and the Notes, as specifically amended by this
Amendment, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed.



































     (c)    The execution, delivery and effectiveness of this Amendment shall 
not, except as expressly provided herein, operate as a waiver of any right, 
power or remedy of any Lender or the Administrative Agent under the Credit 
Agreement or the Notes, or constitute a waiver of any provision of the Credit 
Agreement or the Notes.

            IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed by their respective officers thereunto duly authorized, as of March
23, 1996.

                                      COLGATE-PALMOLIVE COMPANY


                                      By /s/ Brian J. Heidtke
                                         --------------------
                                        Vice President Finance and Corporate
                                        Treasurer






















































                                        2















                                      Lenders



                                      CITIBANK, N.A.


                                      By  /s/ Michel R. R. Pendill
                                         -------------------------
                                        Title:  Vice President


                                      MORGAN GUARANTY TRUST COMPANY
                                         OF NEW YORK


                                      By  /s/ Laura E. Reim
                                         ------------------
                                        Title:  Vice President


                                      ABN AMRO BANK


                                      By  /s/ Francis O. Logan
                                         ---------------------
                                        Title:  Vice President


                                      By  /s/ John F. Lacey
                                         ------------------
                                        Title:  Senior Vice President


                                      BANK OF AMERICA NATIONAL TRUST &
                                         SAVINGS ASSOCIATION


                                      By  /s/ William L. Hess
                                         --------------------
                                        Title:  Managing Director


































                                        3














                                      BANQUE NATIONALE DE PARIS


                                      By  /s/ Richard L. Sted
                                         --------------------
                                        Title:  Senior Vice President


                                      By  /s/ Bonnie G. Eisenstat
                                         ------------------------
                                        Title:  Vice President


                                      BANCA COMMERCIALE ITALIANA


                                      By  /s/ Charles Dougherty
                                        -----------------------
                                        Title:  Vice President


                                      By  /s/ Sarah Kim
                                        ---------------
                                        Title:  Assistant Vice President


                                      CHEMICAL BANK


                                      By  /s/ Carol A. Ulmer
                                         -------------------
                                        Title:  Vice President


                                      COOPERATIEVE CENTRALE AIFFEISEN-
                                         BOERENLEENBANK (RABOBANK)


                                      By  [Commitment Assigned]
                                         ----------------------
                                        Title:


                                      THE BANK OF NEW YORK


                                      By  /s/ William Kerr
                                         -----------------
                                        Title:  Vice President





























                                        4














                                      BANQUE PARIBAS


                                      By  /s/ Mary T. Finnegan
                                         ---------------------
                                        Title:  Group Vice President


                                      By  /s/ John J. McCormick, III
                                         ---------------------------
                                        Title:  Vice President


                                      THE CHASE MANHATTAN BANK


                                      By  /s/ Carol A. Ulmer
                                         -------------------
                                        Title:  Vice President


                                      CREDIT SUISSE


                                      By  /s/ David W. Kratovil
                                         ----------------------
                                        Title:  Member of Senior Management


                                      By  /s/ Robert B. Potter
                                         ---------------------
                                        Title:  Member of Senior Management


                                      DEUTSCHE BANK AG, NEW YORK AND/OR
                                         CAYMAN ISLANDS BRANCHES


                                      By  /s/ Stephan A. Wiedemann
                                         -------------------------
                                        Title:  Vice President


                                      By  /s/ Thomas A. Foley
                                         --------------------
                                        Title:  Assistant Vice President


                                      NATIONS BANK, N.A.

                                      By  /s/ Scott A. Jackson
                                         ---------------------
                                        Title:  Vice President


























                                        5














                                      ROYAL BANK OF CANADA


                                      By  /s/ David A. Barsalou
                                         ----------------------
                                        Title:  Senior Manager


                                      SOCIETE GENERALE


                                      By  /s/ Bruce Drossman
                                         -------------------
                                        Title:  Vice President


                                      THE FIRST NATIONAL BANK OF CHICAGO


                                      By  /s/ Judy Mayberry
                                         ------------------
                                        Title:  Vice President


                                      NATIONAL WESTMINISTER BANK PLC


                                      By  /s/ Maria Amaral-LeBlanc
                                         -------------------------
                                        Title:  Vice President


                                      PNC BANK, NATIONAL ASSOCIATION


                                      By  /s/ Mark Williams
                                         ------------------
                                        Title:  Vice President






































                                        6















                                      ISTITUTO BANCARIO SAN PAOLO DI
                                         TORINO SPA


                                      By  /s/ Wendell Jones
                                         ------------------
                                        Title:  Vice President


                                      UNION BANK OF SWITZERLAND


                                      By  /s/ Daniel R. Strickford
                                         -------------------------
                                        Title:  Assistant Vice President


                                      By  /s/ David G. Dickinson, Jr.
                                         ----------------------------
                                        Title:  Assistant Treasurer




$750,000,000.00                       Total of the Commitments
















































                                        7



                                                                      Exhibit 11
                                                                     Page 1 of 2

                            COLGATE-PALMOLIVE COMPANY

                    COMPUTATION OF EARNINGS PER COMMON SHARE
                    ----------------------------------------

                  Dollars in Millions Except Per Share Amounts
                                   (Unaudited)

                                                    Three Months Ended March 31,
                                                    ----------------------------
                                                       1996            1995     
                                                    ------------   -------------

PRIMARY

Earnings:
  Net income                                         $ 143.5         $ 156.5

  Deduct: Dividends on preferred shares,
    net of income taxes                                  5.4             5.4
                                                     -------         -------

  Net income applicable to common shares             $ 138.1         $ 151.1
                                                     =======         =======

Shares (in millions):
  Weighted average shares outstanding                  146.1           144.5
                                                     =======         =======

Earnings per common share, primary:
  Net income per share                               $   .95         $  1.05
                                                     =======         =======


























































                                                                      Exhibit 11
                                                                     Page 2 of 2

                            COLGATE-PALMOLIVE COMPANY

                    COMPUTATION OF EARNINGS PER COMMON SHARE
                    ----------------------------------------

                  Dollars in Millions Except Per Share Amounts
                                   (Unaudited)

                                                    Three Months Ended March 31,
                                                    ----------------------------
                                                       1996            1995     
                                                    ------------   -------------

ASSUMING FULL DILUTION

Earnings:
  Net income                                         $ 143.5         $ 156.5
  Deduct: Dividends on preferred shares                   .1              .1
  Deduct: Replacement funding resulting
    from assumed conversion of Series B
    Convertible Preference Stock, net of tax             1.2             1.8
                                                     -------         -------
  Net income applicable to common shares             $ 142.2         $ 154.6
                                                     =======         =======


Shares (in millions):                                
                                                     
  Weighted average number of common shares
    outstanding                                        146.1           144.5
  Add: Assumed exercise of options reduced
    by the number of shares which could have
    been purchased with the proceeds from
    the exercise of such options                         2.5             2.2
  Add: Assumed conversion of Series B
    convertible Preference Stock                        12.0            12.2
                                                     -------         -------
  Weighted average number of common shares
    outstanding, as adjusted                           160.6           158.9
                                                     =======         =======

Earnings per common share, assuming
  full dilution:
  Net income per share                               $   .89         $   .97
                                                     =======         =======



                                                            Exhibit 12






                             COLGATE-PALMOLIVE COMPANY

                 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 -------------------------------------------------

                               (Dollars in Millions)
                                    (Unaudited)



- --------------------------------------------------------------------------------

                                                        Three Months Ended
                                                          March 31, 1996
                                                          --------------

  Income before income taxes                                  $ 222.4

  Add:
  Interest on indebtedness and amortization of debt
    expense and discount or premium                              56.4

  Portion of rents representative of interest
    factor                                                        7.7

  Interest on ESOP debt, net of dividends                         0.5

  Less:
  Income of less than fifty-percent-owned
    subsidiaries                                                 (1.5)
                                                            ---------

  Income as adjusted                                          $ 285.5
                                                              -------

  Fixed Charges:

  Interest on indebtedness and amortization of debt
    expense and discount or premium                           $  56.4

  Portion of rents representative of interest
    factor                                                        7.7

  Interest on ESOP debt, net of dividends                         0.5

  Capitalized interest                                            5.0
                                                             --------

  Total fixed charges                                         $  69.6
                                                              -------

  Ratio of earnings to fixed charges                              4.1
                                                             --------

  In June 1989, the Company's leveraged employee stock ownership plan (ESOP)
  issued $410.0 of long-term notes due through 2009 bearing an average interest
  rate of 8.6%.  These notes are guaranteed by the Company.  Interest incurred
  on the ESOP's notes during the first quarter of 1996 was $8.4.  This interest
  is funded through preferred and common stock dividends.  The fixed charges
  presented above include interest on ESOP indebtedness to the extent it is not
  funded through preferred and common stock dividends.








 

5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 3-MOS DEC-31-1996 MAR-31-1996 207 53 1,137 32 810 2,417 3,683 1,485 7,802 1,909 2,954 0 402 183 1,112 7,802 2,054 2,054 1,050 734 0 0 47 222 79 144 0 0 0 144 0.95 0.89