UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): February 20, 2001




                             TRIARC COMPANIES, INC.
                      ------------------------------------
             (Exact name of registrant as specified in its charter)




             Delaware              1-2207                       38-0471180
            ----------             ---------                     -------
(State or other jurisdiction    (Commission File Number)      (IRS Employer
      of incorporation)                                   Identification Number)

         280 Park Avenue
         New York, NY                                         10017
         ------------------                                   -----
         (Address of principal executive offices)           (Zip Code)


         Registrant's telephone number, including area code:  (212) 451-3000



          (Former name or former address, if changed since last report)



Item 9.  Regulation FD Disclosure

         The information in this Report is being furnished,  not filed, pursuant
to Regulation FD. The  information in this Report shall not be  incorporated  by
reference  into any  registration  statement  pursuant to the  Securities Act of
1933,  as  amended.  The  furnishing  of the  information  in this Report is not
intended to, and does not,  constitute  a  determination  or admission  that the
information in this Report is material,  or that investors  should consider this
information before making an investment decision with respect to any security of
Triarc Companies, Inc. or Arby's, Inc.

         Our subsidiary  Arby's,  Inc. has delivered to certain parties a report
containing certain unaudited  financial and operating  information in accordance
with the terms of the  indenture  relating to the 7.44% fixed rate insured notes
due 2020 issued by its subsidiary  Arby's  Franchise Trust.  Such report,  which
reflects only Arby's U.S. and Canadian  operations for the nine week period from
November 1, 2000 through  December 31, 2000, was prepared in accordance with the
reporting  requirements of such indenture,  and not in accordance with generally
accepted accounting principles.  Accordingly,  pursuant to Regulation FD, Triarc
is furnishing in this Report certain information  reflected in the Arby's report
that has not been previously publicly disclosed, as follows:

         o        During the period from  November 1, 2000 through  December 31,
                  2000, Arby's reported the collection of franchise royalties of
                  approximately   $13.5   million   from   U.S.   and   Canadian
                  franchisees.

         o        During the period from  November 1, 2000 through  December 31,
                  2000, Arby's reported gross collections  (including royalties)
                  from U.S.  and Canadian  franchisees  of  approximately  $13.9
                  million and reported  servicing expenses of approximately $4.9
                  million.

         o        During the period from  November 1, 2000 through  December 31,
                  2000,   Arby's  reported  total  United  States  and  Canadian
                  systemwide sales were approximately $427 million.

         o        Arby's reported that as of December 31, 2000, there were 3,153
                  Arby's restaurants in the United States and 125 Arby's
                  restaurants in Canada.

         o        Arby's  reported  that as of  December  31,  2000,  Arby's had
                  commitments  to open  833  Arby's  restaurants  in the  United
                  States  and 8 Arby's  restaurants  in Canada  over the next 10
                  years.

         o        Arby's  reported that as of December 31, 2000, the annual unit
                  volumes for the preceding  twelve months for U.S. and Canadian
                  franchisees was approximately $765,000.

                                                 SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                TRIARC COMPANIES, INC.

Date:    February 20, 2001                  By:  JOHN L. BARNES, JR.
                                                -----------------------------
                                                John L. Barnes, Jr.
                                                Executive Vice President and
                                                Chief Financial Officer