Provided is a lubricating oil composition of an environmental regulation compliant type, comprising (A) a base oil for a lubricating oil, (B) sulfated oxymolybdenum dithiocarbamate, (C) an acid amide compound, (D) (d1) a fatty acid partial ester compound and/or (d2) an aliphatic amine compound and (E) a specific benzotriazole derivative, wherein a content of the component (B) is 0.02 to 0.1% by mass in terms of molybdenum; a content of the component (C) is 0.2 to 1.0 % by mass; a content of the component (D) is 0.2 to 1.0% by mass; and a content of the component (E) is 0.02 to 0.1% by mass each based on the whole amount of the composition, and it has an excellent friction reducing effect in combination with a high corrosion preventing effect to copper and lead.