-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001183822-03-000015.txt : 20030716
<SEC-HEADER>0001183822-03-000015.hdr.sgml : 20030716
<ACCEPTANCE-DATETIME>20030716121900
ACCESSION NUMBER:		0001183822-03-000015
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030714
FILED AS OF DATE:		20030716

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			REINEMUND STEVEN
		CENTRAL INDEX KEY:			0001183822

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01183
		FILM NUMBER:		03788708

	MAIL ADDRESS:	
		STREET 1:		700 ANDERSON HILL RD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEPSICO INC
		CENTRAL INDEX KEY:			0000077476
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				131584302
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1228

	BUSINESS ADDRESS:	
		STREET 1:		700 ANDERSON HILL RD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		9142532000

	MAIL ADDRESS:	
		STREET 1:		700 ANDERSON HILL ROAD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-1444

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PEPSI COLA CO
		DATE OF NAME CHANGE:	19700903
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>PRIMARY DOCUMENT
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          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>14700.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>242240.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>18.58</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-07-14</value>
      </transactionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>M</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>25000.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1999-01-27</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>25000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>217240.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>18.58</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-07-14</value>
      </transactionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>M</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>13022.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1999-01-27</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>13022.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>204218.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>18.58</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-07-14</value>
      </transactionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>M</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>8458.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1999-01-27</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>8458.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>195760.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>18.58</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-07-14</value>
      </transactionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>M</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>5000.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1999-01-27</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>5000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>190760.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>18.58</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-07-14</value>
      </transactionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>M</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>47290.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1999-01-27</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-01-27</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>PepsiCo, Inc. Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>47290.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>143470.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
<footnotes>
   <footnote id="F1">The reporting person also indirectly holds 6,038 shares in his 401(k) account as of 7/14/03 and 1,340 shares through an LLC.  The reporting person disclaims beneficial ownership of the securities held through the LLC, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Steven S Reinemund</signatureName>
       <signatureDate>2003-07-16</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----