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
superseding the information with respect to the person previously listed in a
supplement to the prospectus that is listed below:



- ------------------------------------------------------------------------------------------------------------------------
                                                                     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(%)
- ------------------------------------------------------------------------------------------------------------------------
                                                                                             
Morgan Stanley & Co.
     Incorporated (3).....        128,000             3,200             6,400            *                  *
- ------------------------------------------------------------------------------------------------------------------------
*   Less than one percent

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

(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.

(3)      Morgan Stanley & Co. Incorporated beneficially owns an additional
         38,400 shares of Class A common stock and an additional 75,798 shares
         of Class B common stock, Series 1, that are not offered.

                                 _______________

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 DECEMBER 7, 2004