EXHIBIT 15

                          Accountants' Acknowledgment


PepsiCo, Inc.
Purchase, New York

Ladies and Gentlemen:

Re: Registration Statement on Form S-8 of PepsiCo, Inc. pertaining to The
Quaker 401(k) Plans for Salaried and Hourly Employees.

With respect to the subject registration statement, we acknowledge our
awareness of the use therein of our report dated July 19, 2001 related to our
review of interim financial information.

Pursuant to Rule 436(c) under the Securities Act of 1933, such report is not
considered part of a registration statement prepared or certified by an
accountant or a report prepared or certified by an accountant within the
meaning of sections 7 and 11 of the Act.


                                                     Very truly yours,


                                                     /s/ KPMG LLP


New York, New York
August 3, 2001