UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    FORM 13F

                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  December 31, 2010
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Check here if Amendment [   ]; Amendment Number:
                                                  -------
   This Amendment (Check only one.):  [   ] is a restatement.
                                      [   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      Nelson Peltz
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Address:   280 Park Avenue, 41st Floor
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           New York, New York 10017
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Form 13F File Number:  28-11639
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The  institutional  investment manager filing this report and the person by whom
it  is  signed hereby represent that the person signing the report is authorized
to  submit  it,  that  all  information  contained  herein  is true, correct and
complete,  and  that  it  is  understood  that  all  required items, statements,
schedules,  lists,  and  tables,  are  considered  integral  parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Nelson Peltz
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Title:
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Phone:     212-451-3000
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Signature, Place, and Date of Signing:




        /s/NELSON PELTZ             New York, New York             2/14/11
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          [Signature]               [City, State]                  [Date]



Report Type (Check only one.):

[   ]     13F HOLDINGS REPORT.  (Check here if all holdings of this reporting
          manager are reported in this report.)

[ X ]     13F NOTICE.  (Check here if no holdings reported are in this report,
          and all holdings are reported by other reporting manager(s).)

[   ]     13F COMBINATION REPORT.  (Check here if a portion of the holdings for
          this reporting manager are reported in this report and a portion are
          reported by other reporting manager(s).)




List of Other Managers Reporting for this Manager:

          Form 13F File Number       Name
          --------------------       ----

          28-11992                   Trian Partners General Partner, LLC

          28-12038                   Trian Partners Parallel Fund I
                                          General Partner, LLC

          28-13614                   Trian Credit Partners General Partner, LLC

          28-14024                   Trian Partners Strategic Investment Fund
                                          General Partner, LLC