UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Peltz, Nelson
c/o Triarc Companies, Inc.
280 Park Avenue, 41st Floor
New York, NY 10017
USA
2. Issuer Name and Ticker or Trading Symbol
Triarc Companies, Inc.
TRY
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 31, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class A Common Stock |12/16/|P(1)| |1200 |A |23.00 | |D | |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(1)|V|200 |D | | |I(3) |by minor child |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|P(2)|V|200 |A |23.00 | |D | |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |12/16/|G(2)|V|200 |D | | | | |
|97 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |5,982,867(4) |I |by limited partnership |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |26,900 |D |N/A |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |200(5) |D |by Family Ltd. Partnership |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |2,000(6) |I(3) |by minor children |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1)Used to make gifts to minor children who share reporting person's
household.
(2)Used to make gift to adult son who does not share reporting person's
household.
(3)The reporting person disclaims beneficial ownership of these securities, 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.
(4)All such shares are owned by DWG Acquisition Group, L.P., an entity in which
Mr. Peltz is a General Partner.
(5)All such shares were a bona fide gift to Mr. Peltz's minor children and are
held in the Peltz Family Limited
Partnership, an entity in which Mr. Peltz is a General
Partner.
(6)All such shares were bona fide gifts to Mr. Peltz's minor
children.
SIGNATURE OF REPORTING PERSON
NELSON PELTZ
DATE
January 12, 1998
