Filed Pursuant to Rule 424(b)(3)
                                                     Registration No. 333-110719


PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED DECEMBER 2, 2003)

                                  $175,000,000

                             TRIARC COMPANIES, INC.

      5% CONVERTIBLE NOTES DUE 2023 AND SHARES OF CLASS A COMMON STOCK AND
      CLASS B COMMON STOCK, SERIES 1, ISSUABLE UPON CONVERSION OF THE NOTES

                               __________________

This prospectus supplement supplements our prospectus dated December 2, 2003,
relating to the offer and resale by various selling securityholders of up to
$175,000,000 aggregate principal amount of our 5% Convertible Notes due 2023 and
shares of our Class A common stock and Class B common stock, Series 1, into
which the notes are convertible. This prospectus supplement should be read in
conjunction with, and may not be delivered or utilized without, the prospectus
and the previous prospectus supplements. This prospectus supplement is qualified
by reference to the prospectus, as supplemented, except to the extent that the
information in this prospectus supplement supersedes the information contained
therein.

The information in the table contained under the heading "Selling
Securityholders" beginning on page 62 of the prospectus is hereby amended by
adding the information below with respect to persons not previously listed in
the prospectus or any supplements thereto:



- ------------------------------------------------------------------------------------------------------------------------
                                                                     NUMBER OF
                                                                  SHARES OF CLASS     PERCENTAGE OF     PERCENTAGE OF
                                PRINCIPAL      NUMBER OF SHARES   B COMMON STOCK,    CLASS A COMMON     CLASS B COMMON
                             AMOUNT OF NOTES      OF CLASS A         SERIES 1,            STOCK         STOCK, SERIES 1,
                               BENEFICIALLY      COMMON STOCK       BENEFICIALLY      BENEFICIALLY       BENEFICIALLY
                                OWNED AND        BENEFICIALLY        OWNED AND         OWNED AFTER       OWNED AFTER
                                 OFFERED           OWNED AND          OFFERED         COMPLETION OF     COMPLETION OF
  SELLING SECURITYHOLDER        HEREBY($)      OFFERED HEREBY(1)     HEREBY(2)       THE OFFERING(%)   THE OFFERING(%)
- ------------------------------------------------------------------------------------------------------------------------
                                                                                                
ING Convertible Fund......          990,000             24,750             49,500           --                 --
- ------------------------------------------------------------------------------------------------------------------------
ING VP Convertible
     Portfolio............           10,000                250                500           --                 --
- ------------------------------------------------------------------------------------------------------------------------

- ------------------------

(1)  Includes shares of Class A common stock issuable upon conversion of the
     notes, and assumes a conversion rate of 25 shares per $1,000 principal
     amount of the notes, which conversion rate is subject to adjustment as
     described under "Description of the Notes--Conversion of Notes" in the
     prospectus. Accordingly, the number of shares of Class A common stock
     issuable upon conversion of the notes may increase or decrease from time to
     time. Under the terms of the indenture, we will not issue fractional shares
     of Class A common stock upon conversion of the notes and, in lieu thereof,
     will pay cash.

(2)  Includes shares of Class B common stock, Series 1, issuable upon conversion
     of the notes, and assumes a conversion rate of 50 shares per $1,000
     principal amount of the notes, which conversion rate is subject to
     adjustment as described under "Description of the Notes--Conversion of
     Notes" in the prospectus. Accordingly, the number of shares of Class B
     common stock, Series 1, issuable upon conversion of the notes may increase
     or decrease from time to time. Under the terms of the indenture, we will
     not issue fractional shares of Class B common stock, Series 1, upon
     conversion of the notes and, in lieu thereof, will pay cash.

                                 _______________

INVESTING IN THE SECURITIES OFFERED BY THE PROSPECTUS AND THIS PROSPECTUS
SUPPLEMENT INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE 12 OF THE
PROSPECTUS.

                                 _______________

Neither the Securities and Exchange Commission, nor any state securities
commission, has approved or disapproved of these securities or passed upon the
accuracy or adequacy of this prospectus supplement or the prospectus. Any
representation to the contrary is a criminal offense.

              THIS PROSPECTUS SUPPLEMENT IS DATED FEBRUARY 24, 2004