For
men, there is a new razor available, the Norelco(R) Cool Skin, which
dispenses lotion and leaves skin feeling soft and smooth.P.S.5%, respectively,
during the quarter.5% and pricing was 2. Dollar operating profit increased 6% to a record level as volume
growth and the positive impact of foreign exchange more than offset a
double-digit increase in commercial spending during the quarter. Successful new products driving these gains include Colgate
Oxygen and Colgate Sensitive toothpastes, Colgate 360 Degree manual toothbrush
and Colgate MicroSonic battery-powered toothbrush.colgate.2 12.4

Earnings per common share
Basic $1.28 $1.1 523 .5 843.7) (115.5 354.7 $5,580.1 274.3 260.0% 9.

Toiletries - items used in the cleaning or grooming of oneself.

smelly skinsations

While
initially targeting the needs of health care centers , hospitals,
medical professionals, health clubs, spas and luxury hotels with
surgical gowns, patient examination and sleepwear, physician and nurse
apparel, scrubs and robes through its Robeworks subsidiary , Harkham
intends to provide additional lines that fit the company's market
segment. So no matter what the style, or how big or small the
space, homeowners can see how to make the transformation themselves. And in the
modern wellness spa, even the most everyday tasks can feel good. The new Aurelle lights
combine Philips' latest technology with the beauty and simplicity of
candlelight.6 million and diluted earnings per share increased 2% to
$.
As reported, gross profit margin was 54 .
"We're delighted that in addition to market share growth, it appears that
our heavier level of advertising spending has accelerated the growth of the
toothpaste market in a considerable number of overseas countries.
"We are also very encouraged that pricing was even with last year on a
worldwide basis after being negative for six consecutive quarters.S. After a significant increase in commercial spending, dollar
operating profit for the region declined 7% versus the record level achieved
in second quarter 2004.
Colgate strengthened its oral care leadership in the Asia Pacific region
led by toothpaste market share gains in India, the Philippines, New Zealand
and Australia.
Internationally, growth was strong led by Spain, Russia, the United
Kingdom, Italy , France and Japan.3

Income before income taxes 510.2 555.4 570.9) 53.0 1,607.3 1,495.6
Total shareholders' equity 1,194.6)
Purchases of treasury shares (513.5 $5,085.4 $272.0 155.5 1,013.5% 4.0 % 8.0% 3.5% 2.5% 8.5% in the six month period.

loofah sachet

Vencor Announces Restructuring; Management Builds Divisions to Focus on Objectives

com/newscenter

Excluding the recently acquired GABA oral care business,
sales rose 9. Reported net
income and diluted earnings per share were $342.
Net cash provided by operations increased to $728. and
abroad, reaching a record high worldwide.5% higher pricing.

Hill's (13% of Company Sales)
Innovative new products and veterinary endorsements continue to drive
growth at Hill's, the world leader in specialty pet food. New products driving this growth include
Science Diet Canine Senior Large Breed and Prescription Diet Canine j/d. While the Company believes that these
financial measures are useful in evaluating the Company's business, this
information should be considered as supplemental in nature and not as a
substitute for the related financial information prepared in accordance with
GAAP.7

Cost of sales 1,298.0 (9.3 174.4

Other (income) expense , net 105.5% 20.9%

Interest expense, net 62.5 57.1 3,675.4
Other current liabilities 2,031.4 1,031.3)
Net cash provided by operations 728.7
Dividends paid (291.2

Total Oral, Personal and Home
Care $2,462.0 $2,217.0% 0.5%

North America 9.5%

Latin America 14.5% 3.

Examples include soap, toothpaste, and skin lotions.

washcloths glycerine

As well as spearheading the division, Davis will
be securing additional working capital to enhance the distribution
network and widen the marketing campaign of the PCR testing both
through traditional advertising mediums and web based promotion.

Business Editors/Lifestyle Editors

ATLANTA----Philips Electronics (NYSE:
PHG, AEX: PHI) and designer Stephen Saint-Onge have teamed-up to help
homeowners turn their banal bathrooms into full-blown Personal
Wellness Spas that foster total health and well-being.designingathome .

Tips: How to Create a Personal Wellness Spa
To help homeowners enjoy their secret retreat during bath time,
Philips' Designing at Home and Saint-Onge offer the following tips
designed to stimulate the five senses. And to ensure the relaxing bath is not
interrupted with repeated trips to change songs, homeowners should
choose a system with a remote control, such as the Wireless Music
Center (WACS700).4 million, up 13% versus
the year ago period while working capital was even with the year ago period at
4.P.
At 11:00 a.0% while pricing was
even with the year ago period . The GABA acquisition added 6.S. Free cash flow before
dividends is not a GAAP measurement and may not be comparable to similarly
titled measures reported by other companies.)

Colgate-Palmolive Company

Consolidated Income Statement and Supplemental Information

Reconciliation Excluding the "2004 Restructuring Program"

For the three months ended June 30, 2005 and 2004

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

2005 2005 2005 2004
Excluding
As Restruct- Restruct- As
Reported uring uring Reported

Net sales $2,837 .7 1,056.6 2,647.8 (4.3
Cash and cash equivalents at end of period $392 .3

Supplemental Cash Flow Information:
Free cash flow before dividends
(net cash provided by operations less
capital expenditures)
Net cash provided by operations $728.9
Europe 691.0 131.7 $1,116 .0% 8.

smelly hydrating

"
Vencor management realizes that investors have been very patient
in their wait for a meaningful increase in revenues. At this time,
management is grateful for their patience and excited to make its
strongest attempt to build shareholder value. And for Vencor, while the retail side
integrates smoothly with its background and continues to benefit from
Vencor's tax loss carry-forward in apparel , their PCR technology and
patent rights can be taken full advantage of and add real value to
future growth.
Including the restructuring charge, operating profit declined 7%. Although the cost
environment is expected to remain difficult, our ongoing focus on cost
savings, the benefits of restructuring and the impact of the recently
announced sale of our North American detergent business should allow gross
margin expansion in the balance of the year. In oral care, new testimonial advertising for Colgate Total
toothpaste, and the recently launched Colgate Max Fresh Cinnamint toothpaste
and Colgate 360 Degree manual toothbrush contributed to the share gains.

Asia/Africa (17% of Company Sales)
Asia/Africa sales and unit volume, as reported, grew 4. Positive foreign exchange of 2.

This press release and the related webcast (other than historical
information) may contain forward-looking statements.
The Company defines free cash flow before dividends as net cash provided
by operations less capital expenditures.1

Other (income) expense, net 38.7%

Interest expense, net 30.67 $0.0

Gross profit 3,042.6

Income before income taxes 971.1 3,962.2 $526.4
Latin America 651.1 467.9 690.8 342.1

The Company evaluates segment performance based on several factors,
including operating profit.

Corporate operating expenses for the three and six months ended June 30,
2005 include $36.0 and $85.5% 4.5% 3.

toiletries scentsations

In its attempts to increase
shareholder value, management has realized the absolute necessity to
focus.

About Vencor

Vencor International is a distributor of health and healing
products. Such publicly available information sets
forth many risks and uncertainties related to the Companies business
and such statements, including risks and uncertainties related to that
are unpredictable and outside of the influence and/or control of the
company. From their morning cup of coffee to an evening bath, the
best technology is designed to cater to all the senses and enhance
experiences throughout the day.6% year to date, up 150 basis points
versus the year ago period and over three share points ahead of the number two
competitor . is expected to continue in the balance of the
year driven by a full pipeline of new product launches supported by higher
commercial spending.

Latin America (23% of Company Sales)
Latin American dollar sales and unit volume, excluding divestments, grew
19.5% and 11.
Colgate strengthened its oral care leadership in Western Europe with
regional market shares in toothpaste and manual toothbrushes both increasing
year to date.
Sales and unit volume growth, both worldwide and in relevant geographic
divisions, are discussed in this release both as reported and excluding
divestments .3 1,148.0 2,262.3 3,092.1 1,941.3% 2.0 22.8 $1,147.6 734. Additionally , Corporate operating
expenses for the three and six months ended June 30, 2004 were reduced by a
$26.5% 11.5% 10.
The impact of GABA on Total Company sales and volume was 1.

oneself fizzies

(Pink Sheets:VNCO), announced today that they will be
implementing significant structural changes in order to better
implement their twofold business plan. The world's finest hotels have placed personal coffee
makers in guest's bathrooms for years. In the morning it can be used to track the latest
headlines and traffic reports. During the evening bath, it can be
tuned to a favorite show.com.
Top -line growth in the U.0% foreign exchange and the effect of price increases taken in 2004. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand names
as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso,
Kolynos, Elmex , Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill's
Science Diet and Hill's Prescription Diet pet foods. Investors should consult the
Company's filings with the Securities and Exchange Commission (including the
information set forth under the caption "Cautionary Statement on
Forward -Looking Statements" in the Company's Form 10-K for the year ended
December 31, 2004) for information about factors that could cause such
differences.4%

Selling, general and administrative
expenses 959.0 577.7%

Net income 342.06 $0.5 (51.9 1,058.15 $0.8
Total assets $8,667.3 $136.5% 0.5% 10.5%

North America 8.5% 8.5% 3.

milks balms

While advancements in
research and development have brought Vencor to the forefront of
diagnostic testing with its rights to DNA based PCR testing, Davis and
his team seek to achieve the market awareness that will increase
Vencor's bottom line. Homeowners shouldn't limit this
luxury to vacations, but should consider placing a personal coffee
maker, such as the sleek and stylish Senseo(R), in their Personal
Wellness Spa.philips.

Colgate's Worldwide Sales and Unit Volume Up Strongly

Excluding the
restructuring charge, net income in the quarter declined 1% versus second
quarter 2004 to $371.66, respectively.3 million was at an
all-time record level led by a strong double-digit global increase in media
spending.
"We are pleased that gross profit margin, excluding the restructuring
charge, was only slightly below the prior year record level despite the
significant rise in raw and packaging material costs. To access this call as a webcast, please go to
Colgate's web site at http://www.

Europe (25% of Company Sales)
European dollar sales and unit volume grew 11.0% to both sales and volume
growth for the region while foreign exchange added 3. Copies of these filings may be obtained upon request from the
Company's Investor Relations Department or the Company's web site at
http://www. Such charges, which are reported in the corporate
segment , include or will include separation-related costs, incremental
depreciation and asset write-downs and other costs related to the 2004
Restructuring Program.5 $- $2,837.1 36.20 $0.9 $8 ,430.4
Total liabilities and shareholders'
equity $8 ,667.6 265.1 $578.8
Total Corporate (88.0% 0.0%

COMPONENTS OF SALES CHANGE
SIX MONTHS

6 Months 6 Months Pricing,
Sales Sales Coupons,
Change Change Ex- Consumer +
As Ex- Divested Trade
Reported Divestment Volume Incentives Exchange

Region

Total Company 9.5% 10.5%

Total International 11.

sachet glycerine

And everyone
can enjoy the IntelliClean system from Sonicare(R) and Crest(R), which
is the first integrated power toothbrush and liquid toothpaste
dispensing system designed to provide a deep clean.
Hear: Homeowners should add the soothing power of music to their
bath time with a sound system. 2nd Quarter Profits at Expectation

NEW YORK, July 27 , 2005 -- Colgate-Palmolive
Company (NYSE: CL) today announced strong worldwide sales and unit volume
growth for second quarter 2005, with every operating division reporting top-
line increases. Worldwide sales rose 10.0%,
positive foreign exchange of 2.
"We are optimistic the strong sales momentum and excellent results from
our cost-saving initiatives should enable us to achieve our expectations of
high single-digit E. growth for this year and allow us to return to
double -digit E.0% and 9.0%.
New products contributing to growth in other categories throughout the
region include Palmolive Aroma Creme shower gel and liquid hand soap,
Palmolive Naturals shampoo and conditioner , and Palmolive Naturals Sun Care
bar soap. In the U. Actual events or results
may differ materially from those statements. The
Company uses these financial measures internally in its budgeting process and
as factors in determining compensation.5 $2,571.9 29.6 373.70 $0.8 (33.7 85 .2 85.13 $1.5 559.2
Inventories 915.8)
Depreciation and amortization 165.4 644.9) 52.5% 3.0% 19.5% 0 .5%

NOTE:
GABA was acquired June 1, 2004.

dexterity loofah

"What separates a beautiful bathroom from a Personal Wellness Spa
is the technology," said Saint-Onge, who has been a featured guest on
CNN, "The View" and "Oprah.9 million and $.9 million and $. Also, we are encouraged by volume growth in Western
Europe, excluding the GABA acquisition, despite the challenging retail
environment in that region. Colgate's global leadership in
manual toothbrushes also expanded during the quarter with manual toothbrush
market shares reaching record highs in the U.0%, respectively, in second quarter 2005. All 18 countries in the region
contributed to the strong volume gains led by Brazil, Mexico , Colombia,
Venezuela, Central America and Argentina. Unit volume grew
3.colgate. 2004 for a comparison of sales excluding divestments to sales
as reported in accordance with GAAP.1

Gross profit 1,539.1 848.3% 22.31
Diluted $1.6

Effect of exchange rate changes on cash and
cash equivalents (19.1 $271.8
Asia/Africa 73. The Company uses operating profit as a measure of
operating segment performance because it excludes the impact of
corporate-driven decisions related to interest expense and income taxes.0% 2.5% 12.

lotions skinsations

Safe Harbor Statement

The information contained in this press release, including an
"forward -looking statements" within of section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934
contained herein, should be reviewed in conjunction with the company's
annual report, financial filings and other publicly available
information regarding the company, copies of which are available from
the company upon request. toothpaste market continues to grow, with
its ACNielsen market share reaching 35.
In the U. Key categories continuing
to gain market share year to date versus prior year include toothpaste, manual
and powered toothbrushes, hand dishwashing liquid, bar soap and fabric
conditioners. Sales and volume, as reported,
increased 18.5% and 4.S.0% 32.3 716.5 571.4

Total debt 3,889.0
Other non-current liabilities 1,552.6
Cash effects of changes in:
Receivables (26.2
Net cash (used in) provided by financing
activities (472.1 935.8

Total Pet Nutrition 102.9) (211.5% 2.0%

Asia/Africa 5.

scentsations spritz

"
Alongside the execution of diagnostic division, Vencor will also
move forward with its core natural health and healing business.
Touch: Homeowners need to surround themselves with things that
feel good by incorporating soft, comfortable textures that enhance the
feeling of relaxation.5% and worldwide pricing that was even with the
year ago quarter. Annual aftertax savings are expected to be in the range of $250 to $300
million also by 2008, with the majority of the current year's projected
savings expected to be realized in second half 2005. First half 2005
restructuring projects have been implemented as expected.5% in the second quarter and dollar sales rose 6.0% reflecting favorable
2.

(See attached tables for second quarter results.1 23.8% 32.2 2,145.3 and $22.4
Adjustments to reconcile net income to net cash
provided by operations:
Restructuring, net of cash 61.7
Deferred income taxes 3.7 gain related to the sale of the Company's detergent businesses in
Ecuador and Peru.5%

Europe 11.5%

Latin America 18.5% 5.5% -2.5% 2.5% 3.

balms skinsations

With lack of focus at
the heart of the delay, Vencor is now pleased to have boldly separated
its divisions into dedicated subsidiaries with motivated teams that
specialize in their industries.

Philips Electronics and Designer Stephen Saint-Onge Showcase the Integration of Design and Technology in the Ultimate Bathroom: The Personal Wellness Spa

For example, people who enjoy reading should
consider adding a chaise lounge with an inviting fabric. This unique sound -system transmits music from a
central base station to receivers throughout the home, and allows
songs to be transferred from one location to another without skipping
a beat.
"Toothpaste market shares are strong and getting stronger in the U.S.m. See attached
Geographic Sales Analysis and Segment Information schedules for additional
information on divisional sales and operating profit .0%, the strongest volume growth
seen in ten quarters. Positive foreign exchange added 1.
Throughout Central Europe and Russia, Colgate's toothpaste market share
continues to grow, now exceeding 26% and reaching record highs during the
quarter in Russia, Ukraine, Kazakhstan, Slovenia and Croatia . Share gains in
the region were driven by strong sales of Colgate Propolis Whitening, Colgate
Cavity Protection, Colgate Total and Colgate Sensitive toothpastes.5% was offset by lower
pricing of 2. Successful new products driving the
oral care growth include Colgate Max Fresh, Colgate Propolis , and Darlie Tea
Care toothpastes.
veterinary channel, sales of new Prescription Diet Canine j /d, a food
clinically proven to reduce pain and improve mobility in dogs with arthritis,
continue to exceed expectations.2% 55.66

Average common shares outstanding
Basic 521.1% 21.8% 32.5

Colgate-Palmolive Company Condensed Consolidated Balance Sheets

As of June 30, 2005, December 31, 2004 and June 30, 2004

(Dollars in Millions) (Unaudited)

June 30, December 31, June 30,
2005 2004 2004

Cash and cash equivalents $392 .9 1,277.3, $17.8) (32.4
Net cash used in investing activities (164 .2)
Proceeds from exercise of stock options 19.5 152.4 $644.8 1,378.9

Total Net Sales $2,837.8 79.8 194.0% 6.0% -0.5% 10.5% in the
second quarter and 2.
The impact of GABA on European sales and volume was 6.

dexterity lotions

"
Philips' Designing at Home team and Saint-Onge have created an
extensive Web site (www.5%, the largest quarterly growth in
almost ten years. Mark continued, "This more positive pricing trend, which is expected
to continue in the second half, combined with an apparent moderation in the
amount of commercial spending required, bodes well for further increases in
profitability .S. Recent announcements planned for second half 2005
include Colgate Luminous toothpaste, Palmolive with Bleach Alternative
dishwashing liquid and Softsoap Kitchen Fresh Hands liquid hand soap. Healthy
volume gains were achieved in the China region, Australia, India, Philippines
and South Africa . In the South Pacific, the recently launched Colgate 360
Degree manual toothbrush and Colgate MicroSonic battery-powered toothbrush
continue to perform ahead of expectations.
Innovative new products contributing to growth in the U. See Geographic Sales Analysis, Percentage Changes - Second
Quarter 2005 vs. As management uses this measure to
evaluate the Company's ability to satisfy current and future obligations,
repurchase stock, pay dividends and fund future business opportunities, the
Company believes that it provides useful information to investors.2 36.7 371.05 $0.6

Colgate-Palmolive Company

Consolidated Income Statement and Supplemental Information

Reconciliation Excluding the "2004 Restructuring Program"

For the six months ended June 30, 2005 and 2004

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

2005 2005 2005 2004
Excluding
As Restruct- Restruct- As
Reported uring uring Reported

Net sales $5,580.5 $- $5,580.2

Cost of sales 2,537.7 1,119.1

Operating profit margin 18.2 3,285.7 163.1

Total Oral, Personal and Home
Care 527.0% 2.5%

Total International 11.0% -0.0% in the six month period.

shampoos scentsations

As President of the biotech division, Todd Davis will be utilizing
the early stage efforts of the Vencor team to lead the full fledged
deployment of the diagnostic test business. To
ensure the success of the division, management has asked David Harkham
to lead the effort in a presidential + CEO role, offering his thirty
years of experience in the retail industry.
Taste: Coffee lovers can indulge themselves with a warm cup of
their favorite hazelnut or amaretto brew as they wake-up and prepare
for the day.
Smell: The smell of lavender is known for its ability to cast a
spell on the senses, evoking feelings of calm and peace, which makes
it the perfect scent for the evening bath.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI)
is one of the world's biggest electronics companies and Europe's
largest, with sales of EUR 30. The robust sales reflected unit volume growth of 8.0% and volume rose 6. Excluding restructuring
charges, gross profit margin was 55.

North America (22% of Company Sales)
Strong growth momentum continued in North America, fueled by new product
sales and market share gains.
Colgate's leadership of the U. New products succeeding in
other categories are Colgate MicroSonic battery-powered toothbrush, Palmolive
Citrus and Cream and Protex Oats bar soaps, Palmolive Hydra Natura hand and
body lotion, and Lady Speed Stick Aloe multiform deodorants.2 1,423.6 181.6

Effective tax rate 32.6 14.2% 32.7%

Net income 643.3 712.1 $319.7 845.2 254.0 $712.2 159.3) (57.2) (117.2

Three Months Ended Six Months Ended
June 30, June 30,
2005 2004 2005 2004
Operating Profit
Oral, Personal and Home Care

North America $135.1
Europe 139.5% 5.0% 8.

washcloths salts

com) with examples of several
dream bathrooms.
The site also includes useful tips, links to helpful resources and
photos of other Philips makeovers.
Also, with the flip of a switch , homeowners can turn the typical
bath into a soothing, candlelit experience. News from Philips is located at
www.S.
Other new products contributing to growth in other categories include
Palmolive Oxy Plus Citrus Purity dishwashing liquid, new Mennen Speed Stick
and Lady Speed Stick 24/7 multiform deodorants with Micro-Absorber technology,
Irish Spring Micro Clean bar soap and Fabuloso Orange Burst liquid cleaner. New products contributing to these gains include Colgate Triple
Action Mild Mint and Colgate Sensitive toothpastes, and the relaunch of
Colgate Total toothpaste with new packaging and strong advertising
highlighting the toothpaste's ability to provide complete 12 hour protection
while actively fighting 12 teeth and gum problems.0%,
respectively, on top of double-digit growth in the year ago quarter. Regional toothbrush market shares for the Colgate equity
reached a record high during the quarter.com. Free cash
flow before dividends is not a measure of cash available for discretionary
expenditures since the Company has certain non-discretionary obligations such
as debt service that are not deducted from the measure.1) 1,275.9 (12.9 28.4 521.4 531.4 557 .7 33.2

Gross profit margin 54.3
Receivables, net 1,315.7 2,502.2 $8,672.2 $3,522.3)
Inventories (95.2) (117.5) (358.0
Cash and cash equivalents at beginning of period 319.9 1,085.8
Asia/Africa 487.5% -2.0%

Asia/Africa 4.5% 10.0% -2.5% -0.

skinsations toothpaste

In this capacity, management has finalized a strategic division
within the company, giving each subsidiary the attention and expertise
it needs to execute efficiently.
See: To stimulate the sense of sight, homeowners should add a
television . With activities in
the three interlocking domains of healthcare, lifestyle and technology
and 160,900 employees in more than 60 countries, it has market
leadership positions in medical diagnostic imaging and patient
monitoring, color television sets, electric shavers, lighting and
silicon system solutions. ET today, Colgate will host a conference call to elaborate
on second quarter results .colgate. This is the strongest
quarterly volume growth for the region in almost eight years and the strongest
quarterly sales growth in nearly ten years.5% and 10. Management believes this provides useful information to
investors as it allows comparisons of sales and volume growth from ongoing
operations.69
Diluted $0.5 - 62.1

Effective tax rate 33.0 73.34 $1.2
Diluted 559.6 $4,394.3 1,044.8 $1,033.

Colgate-Palmolive Company - Geographic Sales Analysis

Percentage Changes - Second Quarter 2005 vs 2004

June 30, 2005

(Unaudited)

COMPONENTS OF SALES CHANGE
2ND QUARTER

2nd Qtr 2nd Qtr Pricing,
Sales Sales Coupons,
Change Change Ex- Consumer +
As Ex- Divested Trade
Reported Divestment Volume Incentives Exchange

Region

Total Company 10.0%

Total CP Products 11.0% 4.

salts scentsations

Business Editors/Health/Fitness Writers

LOS ANGELES----Vencor International ,
Inc. Homeowners should use
lavender candles to fragrance the entire room, or add lavender
essential oils directly to bath water. The Aurelle takes candles out of traditional spaces and
allows for exploration of new lighting designs.3 billion in 2004., Mexico, Venezuela, France and
other key countries around the world."
As previously disclosed, the 2004 Restructuring Program is projected to
result in cumulative aftertax charges of between $550 and $650 million by
2008.
The following are comments about divisional performance. As expected, North American operating profit
declined 1% as volume growth was offset by increased commercial investment and
higher freight and raw material costs.5%
lower.1 1,562.1 - 959.3)

Operating profit 541.9 - 30.4 521.5 - 1,903.6 346.2 $8,672.9 $8,430.7 $3,338.3 as of June 30, 2005,
December 31, 2004 and June 30, 2004, respectively, are included in Other
current assets.5 1,103.2) (268.8) 298.0
Less: Capital expenditures (159.8
Latin America 179.4 200.5)

Total Operating Profit $541.0% -2.5% 5.

glycerin oneself

The opportunity to eliminate the anxiety associated
with waiting many months to be able to test for results for the
patient is priceless. And to combine the best of both form and
function, Philips even has a Mirror TV(TM) television available that
integrates a flat screen television into a decorative and functional
mirror., new products and increased commercial investment are
generating strong volume and market share growth.9) 26.9

Earnings per common share
Basic $0.64 $0.5 2,823.5 1,692.5 559 .9 297.8)
Other (4.9) (235.5% 8.0%

Hill's 6.0% 2.5% 0.

loofah glycerine

In second quarter 2004, reported net income and diluted earnings per
share were $373.S. specialty
retail channel during the quarter include Science Diet Canine Senior Large
Breed and Science Diet Canine Light Large Breed dog food .4 (23.0
Property, plant and equipment, net 2,548.6)
Payment for acquisition, net of cash acquired - (714.1 $417.4 552.0% 8.0% 11.

skinsations castile

Global advertising supporting Colgate's brands of $292.S. Latin American operating profit increased 12% to an
all-time record level as volume growth and the positive impact of foreign
exchange more than offset the increased level of commercial spending behind
Colgate brands during the quarter. For more information
about Colgate's global business, visit the Company's web site at
http://www.com .

Non-GAAP Financial Measures
The following provides information regarding the non -GAAP measures used in
this earnings release:
Net income, gross profit margin, operating profit and earnings per share
are discussed in this release both as reported (on a GAAP basis) and excluding
charges related to the restructuring program that began in the fourth quarter
of 2004 and that is expected to be substantially completed by 2008 (the "2004
Restructuring Program").1 584.62 $0.4 557.8 3,076.5% 55.5

Provision for income taxes 328.

Colgate-Palmolive Company Condensed Consolidated Statements of Cash Flows

For the six months ended June 30, 2005 and 2004

(Dollars in Millions ) (Unaudited)

2005 2004

Operating Activities:
Net income $643.4

Colgate-Palmolive Company Segment Information

For the three and six months ended June 30, 2005 and 2004

(Dollars in Millions) (Unaudited )

Three Months Ended Six Months Ended
June 30, June 30,
2005 2004 2005 2004
Net Sales
Oral, Personal and Home Care

North America $632.0 985.5 $2,571.6) (92.
Corporate operations include research and development costs, unallocated
overhead costs, restructuring costs, and gains and losses on sales of
non-strategic brands and assets.0% 9.0% 1.

loofah oneself

Having established the
foundation of several revenue streams with significant growth
potential, management will now initiate clear steps toward a healthy
advancement in those directions. By leaving the diagnostic
testing to its own specialists and focusing only on the expansion of
this division, Harkham can add real value to Vencor's growth. Additionally, while each team focuses on their
expertise, combined efforts into increasing distribution via
traditional and web-based channels will offer various economies of
scale.1% versus 55.
Excluding the charge, operating profit declined 1% versus second quarter 2004
after a 16% increase in total advertising worldwide in the current quarter.3% of sales.
Reuben Mark, Chairman and CEO said, "We enjoyed outstanding top-line
growth this quarter, particularly in North America, Latin America, Eastern
Europe and Africa. Sales rose 9.0% during the quarter to an
all-time record level and unit volume grew 8. Dollar
operating profit increased 3% despite a double-digit increase in commercial
spending.14 $1.1 523.4 1,319.0)

Financing Activities:
Principal payments on debt (1,119.3 $335.8 1,225 .4 318.5% 3.5%

Total CP Products 10.5% 6.

glycerine balms

Davis stated that "given the ability of the DNA based diagnostic
solution to drastically reduce the time from 6 months post exposure to
HIV, to 1 week after exposure, to get confirmation (positive or
negative) from the test result, PCR testing services offer incredible
market potential.
"Within the spa and hotel industry, I see tremendous potential to
add products that fit the 100% natural profile, including
moisturizers, conditioners, shampoos, shower gels, aloe vera gels,
bath salts, shaving lotions , hand + foot creams, soaps, body massage
oils, and even vitamins," Harkham commented, as well as noting that
"now that we have an established clientele, the addition of new and
befitting product lines will be a smooth and speedy transition.5% in the quarter.2%. The expected effect on gross profit from increases in raw and
packing material costs and higher business-building commercial spending was
largely offset by the Company's aggressive savings programs and an accelerated
shift toward higher-margin oral and personal care products."
Mr. growth in 2006, before restructuring charges .

* * *

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care and
Pet Nutrition. In addition, these non-GAAP financial measures may not be the same as
similar measures presented by other companies.6

Gross profit margin 54.8

Operating profit margin 19.1% 20.0 546.3 7.4
Diluted 557.5 $5,085.1% 55.4 340.7
Other assets, including goodwill and
intangibles 3,189.9 1,245.4

Supplemental Balance Sheet Information:
Debt less cash and marketable
securities* $3,487.4% 4.4)
Other non-current assets and liabilities (1.1) (780.0) (10.6)
Free cash flow before dividends $569.9 $1,241.4 1,239.3

Total Pet Nutrition 375.5% 11.0% 15.0% -0.0% -0.0 %

Hill's 6.0% 1.

Crafts - An occupation or trade requiring manual dexterity or skilled artistry of individuals.

loofah scentsations

" "The Philips Designing at Home team helps
consumers experience how technology can simplify and add enjoyment to
their lives.7 million of aftertax charges
related to the previously disclosed 2004 Restructuring Program.67.4% in the year ago record
quarter.5%, respectively , with 5.
Colgate continues to build its extremely strong leadership in oral care
throughout Latin America with toothpaste market share gains seen in nearly
every country in the region, reaching record highs in Venezuela and Central
America. Recent innovations
contributing to gains in personal care include Palmolive multiform deodorants,
and Palmolive Aroma Creme and Palmolive Naturals with Shea Butter shower gels. Colgate
360 Degree manual toothbrush, Lady Speed Stick 24/7 multiform deodorants and
Palmolive Aroma Creme shower gel contributed to gains in other categories.4 1,116.4
Other current assets 306.3%

* Marketable securities of $9.0

Investing Activities:
Capital expenditures (159.1 $4 ,845.3 159.6 99.9) (20.7 of charges related to the Company's 2004
Restructuring Program , respectively.5% 10.5% 8.0% 3.0% 11.5%

Europe 12.0 % 2.

hydrating smelly

Second quarter 2005 results include $28.62,
respectively, including this restructuring charge.0% positive foreign exchange
and 3. Volume gains were achieved in the United Kingdom, Denmark , France,
Greece, Italy, Spain, Ireland, Russia, Ukraine, Adria, Romania, and Czech
Republic. Management believes these financial measures on an
ex-restructuring basis provide useful information to investors regarding the
underlying business trends and performance of the Company's ongoing operations
and are useful for period over period comparisons of such operations. See Income Statement and
Supplemental Information Reconciliation Excluding the "2004 Restructuring
Program" for the three months ended June 30, 2005 and 2004 and for the six
months ended June 30, 2005 and 2004 included with this release for a
reconciliation of these financial measures to the related GAAP measures.1% 55.5

Provision for income taxes 167.8) 2,504.5%

Selling, general and administrative
expenses 1,903.7

Operating profit 1,033.25

Average common shares outstanding
Basic 523.1 532.6 $417.8
Working capital % of sales 4.9)
Accounts payable and other accruals (20.8) (40.5)
Proceeds from issuance of debt 1,432.3 57.6)
Net increase in Cash and cash equivalents 72.4

Income taxes paid $298.4 618.4 506.1 $584.5% 12.0% 3.0% in the second
quarter and 8.