Exhibit 15.1

ACCOUNTANT'S ACKNOWLEDGEMENT

Board of Directors and Shareholders

PepsiCo, Inc.:

Re: Registration Statement on Form S-3 filed with the Securities and Exchange Commission

With respect to the subject registration statement, we acknowledge our awareness of the incorporation by reference therein of our reports dated April 28, 2011, July 21, 2011 and October 12, 2011 related to our reviews of PepsiCo Inc.'s interim financial information.

Pursuant to Rule 436(c) under the Securities Act of 1933 (the "Act"), such report is not considered part of a registration statement prepared or certified by an independent registered public accounting firm, or a report prepared or certified by an independent registered public accounting firm within the meaning of Sections 7 and 11 of the Act.

/s/ KPMG LLP

New York, New York

October 13, 2011