Pricing Supplement No. 5 dated August 10, 2001              Rule 424(B)(3)
(To Prospectus dated June 23, 2000                          File No. 333-33644
and Prospectus Supplement dated June 23, 2000)

                           Colgate-Palmolive Company

                       Medium-term Notes - Floating Rate

                                   Series D

        We are hereby offering to sell Notes having the terms specified below
to you with the assistance of HSBC Securities (USA) Inc., acting as principal,
at a fixed initial public offering price of 100% of the principal amount.



                                                             
Principal Amount:       $150,000,000                            Trade Date:   August 10, 2001
Issue Price:            100%                                    Original Issue Date: August 15, 2001
Initial Interest Rate:  3.695%                                  Net Proceeds to Colgate:  $150,000,000
Stated Maturity Date:   August 16, 2004                         Agent's Discount or Commission:  See "Supplemental Plan
                                                                of Distribution" below.




Base Rate:
         [   ]    Certificate of Deposit Rate
         [   ]    CMT Rate
         [   ]    Commercial Paper Rate
         [   ]    Eleventh District Cost of Funds Rate
         [ X ]    LIBOR Telerate:  Page 3750 [  ] LIBOR Reuters
         [   ]    Prime Rate
         [   ]    Treasury Rate
         [   ]    Other (see attached)
Interest Rate Reset Dates: February 15, May 15, August 15 and November 15 of
each year, commencing on November 15, 2001.
Interest Rate Reset Period:  Quarterly
Interest Payment Dates: February 15, May 15, August 15 and November 15 of each
year, commencing on November 15, 2001.
Index Maturity:  3 month
Index Currency:  US Dollars
Spread (+/-):  +0.125 basis points
Spread Multiplier: N/A
Maximum Interest Rate:  N/A
Minimum Interest Rate:   N/A

Day Count Convention:
         [   ]  30/360 for the period from ________ to ________
         [ X ]  Actual/360 for the period from August 15, 2001 to August 16,
                2004.
         [   ]  Actual/Actual for the period from _____ to _______


Redemption/Repayment:

The Notes cannot be redeemed by Colgate prior to the Stated Maturity Date. The
Notes cannot be repaid at the option of the holder thereof prior to the Stated
Maturity Date.

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


[   ]    Other provisions:          N/A



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 August 10, 2001, Colgate's outstanding commercial
paper had a weighted average interest rate of 4.2293% with maturities ranging
from 1 day to 49 days.

Supplemental Plan of Distribution:
- ---------------------------------

HSBC Securities (USA) Inc., acting as principal, has agreed to purchase, and
Colgate has agreed to sell, the Notes at 100% of their principal amount. HSBC
Securities (USA) Inc. will realize benefits in connection with a swap
agreement to be entered into between one of its affiliates and Colgate. A
portion of the benefits realized in connection with the swap agreement may be
paid to Utendahl Capital Partners, L.P. and The Williams Capital Group, L.P.
for their services as dealers with respect to a portion of the Notes.









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