PEPSICO INC
8-K, 2001-01-08
BEVERAGES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    Form 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


                                January 8, 2001
                     --------------------------------------
                Date of Report (Date of earliest event reported)


                                  PepsiCo, Inc.
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)


                                 North Carolina

                        ---------------------------------
                 (State or other jurisdiction of incorporation)


                 1-1183                               13-1584302
         (Commission File Number)          (IRS Employer Identification No.)



                700 Anderson Hill Road, Purchase, New York 10577
                   -------------------------------------------
                    (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (914) 253-2000


<PAGE>


Item 5.           Other Information

The  information  contained  in  Exhibit  20  hereto is  incorporated  herein by
reference.

"Forward-looking  statements",  within the meaning Section 27A of the Securities
Act of 1933, as amended,  and Section 21E of the  Securities and Exchange Act of
1934, are made in this document.  These forward-looking  statements are based on
currently available  competitive,  financial and economic data and our operating
plans and are subject to risks, uncertainties and assumptions.  As a result, the
forward-looking  events  discussed in this document and the exhibit hereto could
turn out to be significantly different from expectations or may not occur.



                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date:  1/08/2001
                                                   PepsiCo, Inc.


                                          By:      /s/ ROBERT F. SHARPE, JR.
                                                   -------------------------
                                                   Robert F. Sharpe, Jr.

                                                   Senior Vice President, Public
                                                   Affairs, General Counsel
                                                   and  Secretary


                                     Page 2
<PAGE>



                                INDEX TO EXHIBITS



 Exhibit Number                 Description                             Page

     20              Press release from PepsiCo, Inc.                    5
                     dated  January 8, 2001





                                     Page 3


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