Exhibit 99.2
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                                                     Bina Thompson 212-310-3072
                                                      Hope Spiller 212-310-2291



FOR IMMEDIATE RELEASE...

            COLGATE COMPLETES PURCHASE OF EUROPEAN ORAL CARE COMPANY

NEW YORK, NEW YORK, JUNE 1, 2004...Colgate-Palmolive Company (NYSE:CL), world
leader in oral care, today announced, as expected, its completion of the
purchase of 100% of the outstanding shares of GABA Holding AG for CHF1051
million (US $841million). Included in the assets of the business acquired is
$112 million of net cash. The agreement to purchase GABA, a privately-owned
European oral care company, was signed and announced in December 2003.

Reuben Mark, Colgate's Chairman and CEO said, "We are excited to move forward on
this strategically  important,  highly complementary business combination.  GABA
will  help  further  build  our  world  leadership  in  the  highly  profitable,
fast-growing toothpaste business."

                                     * * *

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer products
company, tightly focused on Oral Care, Personal Care, Household Surface Care,
Fabric Care and Pet Nutrition. 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, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet
and Hill's Prescription Diet pet foods. For more information about Colgate's
global business, visit the Company's website at WWW.COLGATE.COM.

This press release (other than historical information) may contain
forward-looking statements. Actual events or results may differ materially from
those statements. 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, 2003) for information about
factors that could cause such differences. Copies of these filings may be
obtained upon request from the Company's Investor Relations Department or the
Company's website at WWW.COLGATE.COM.