Pricing Supplement No. 3 dated May 26, 2000                 Rule 424(b)(3)
(To Prospectus dated May 10, 2000                           File No. 333-33644
and Prospectus Supplement dated May 10, 2000)

                           Colgate-Palmolive Company

                     Medium-Term Notes - Fixed Rate Notes

                                   Series D



    We are hereby offering to sell notes having the terms specified below to
you with the assistance of J.P. Morgan Securities Inc., acting as principal.
The notes are being offered by J.P. Morgan Securities Inc. at a fixed initial
public offering price of 100% of the principal amount.



                                                            
Principal Amount:            $50,000,000                          Original Issue Date:  June 1, 2000
Interest Rate:               7.95% per annum                      Net Proceeds to Colgate-Palmolive: $49,687,500
Stated Maturity Date:        June 1, 2010                         Agent's Discount or Commission:      $312,500



Interest Payment Dates:    Colgate-Palmolive will pay interest on the notes in
                           U.S. dollars on the first day of June and December
                           of each year, commencing December 1, 2000, up to
                           June 1, 2010.

Redemption:                The notes may not be redeemed by Colgate-Palmolive
                           prior to the stated maturity date.

Optional Repayment:        The notes cannot be repaid at the option of the
                           holder thereof prior to the stated maturity date.

Specified Currency:        U.S. dollars

Form:                      The notes are being issued in fully registered
                           book-entry form.

Other provisions:

Use of Proceeds:
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         The net proceeds from the sale of the notes will be used by
         Colgate-Palmolive to retire commercial paper which was issued by
         Colgate-Palmolive for general corporate purposes and working capital.
         As of May 25, 2000, Colgate-Palmolive's outstanding commercial paper
         had a weighted average interest rate of 6.45% with maturities ranging
         from 5 to 57 days.