PRICING SUPPLEMENT NUMBER 18                                   Filed Under Rule
(TO PROSPECTUS DATED NOVEMBER 28, 1995)                    424(b)(2) and 424(c)
CUSIP 71345L EG 9                                             File No. 33-64243


                                 $2,000,000,000

                                  PepsiCo, Inc.



                     FLOATING RATE NOTES DUE AUGUST 19, 1999
                           Interest Payable Quarterly
                           ---------------------------


     Type of Securities:           Floating Rate Debt Securities

     Lead Underwriter:             Credit Suisse First Boston Corporation

     Co-Manager:                   Chase Securities Inc.

     Initial Purchase Price:       99.98134%

     Underwriters' Discount:       See below

     Currency:                     U. S. Dollars

     Date of Issue:                August 19, 1998

     Issuance form:                Book entry

     Scheduled Maturity Date:      August 19, 1999

     Base Rate:                    LIBOR

     Index Maturity:               Three Month

     Spread:                       Minus 19 basis points (minus 0.19%)

     Interest Period:              Quarterly

     Interest Reset Dates:         Quarterly on August  19, 1998,
                                   November 19, 1998, February 19, 1999 and
                                   May 19, 1999. If any Interest Reset Date 
                                   falls on a date that is not a Business Day, 
                                   such  Interest  Reset Date will be the next
                                   succeeding Business Day.

     Interest Determination Dates: Two London Business Days prior to each 
                                   Interest Reset Date





     Daycount basis:               Actual/360

     Interest Accrual Date:        August 19, 1998, or the most recent date for
                                   which  interest has been paid or provided
                                   for, as the case may be. Interest will accrue
                                   from each  Interest  Accrual Date to but 
                                   excluding the next succeeding Interest
                                   Payment Date.

     Interest Payment Dates:       Quarterly on November 19, 1998,
                                   February 19, 1999,  May 19, 1999 and the 
                                   Scheduled Maturity Date. If any Interest  
                                   Payment Date falls on a date that is  not  a 
                                   Business Day, such Interest Payment Date will
                                   be the next succeeding Business Day.
                               
     Principal Payment Date:       Scheduled Maturity Date

     Business Days:                New York

     Calculation Agent:            PepsiCo, Inc.

     Optional redemption dates:    Not applicable

     Option to elect prepayment:   None

     Sinking fund:                 Not applicable

     Settlement Date:              August 19, 1998

The Floating  Rate Notes Due August 19, 1999 (the  "Notes") will be purchased by
the  Lead  Underwriter  and  Co-Manager   (collectively,   the  "Underwriters"),
severally and not jointly,  at 99.98134% of their principal amount,  and will be
offered to the public at varying  prices to be  determined  by the  Underwriters
based  on  prevailing  market  prices  at  the  time  of  sale.  Any  discounts,
commissions  or profits  on resale  received  by the Underwriters  may be deemed
underwriting discounts or commissions.  The Company has  paid  no  Underwriters'
discount.

For U.S. federal income tax purposes, the Notes will be treated as Floating Rate
Debt  Securities,  issued  without OID. This  treatment is  consistent  with the
applicable  provisions of the Internal Revenue Code of 1986, as amended, and the
final OID regulations, which are generally effective for debt instruments issued
on or after April 4, 1994.

                         

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   CREDIT SUISSE FIRST BOSTON                       CHASE SECURITIES INC.

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August 11, 1998