EXHIBIT 12.1

COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions Except Per Share Amounts)

	Three Months Ended March 31,			Year Ended December 31,
	2005			2004			2003			2002		2001			2000
Earnings:
Income before income taxes	$	461.0		$	2,002.4		$	2,041.9		$	1,870.3	$	1,668.7		$	1,567.2
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		32.6			123.7			128.1			150.8		178.0			199.7
Portion of rents representative of interest factor		10.4			41.5			37.7			32.6		32.3			30.2
Interest on ESOP notes in excess of dividends on Preference Stock		—			—			—			—		1.0			2.8
Loss on equity investments		—			—			—			.6		—			—
Less:
Gain on equity investments		(.8	)		(8.5	)		(.3	)		—		(.2	)		(2.2	)
Income as adjusted	$	503.2		$	2,159.1		$	2,207.4		$	2,054.3	$	1,879.8		$	1,797.7
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium	$	32.6		$	123.7		$	128.1		$	150.8	$	178.0		$	199.7
Portion of rents representative of interest factor		10.4			41.5			37.7			32.6		32.3			30.2
Interest on ESOP notes in excess of dividends on Preference Stock		—			—			—			—		1.0			2.8
Capitalized interest		.6			2.3			4.0			7.4		14.4			3.8
Total fixed charges	$	43.6		$	167.5		$	169.8		$	190.8	$	225.7		$	236.5
Ratio of earnings to fixed charges		11.5			12.9			13.0			10.8		8.3			7.6