COCA COLA CO — Director's Dealing 2003

Dec 29, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2003-12-18

Reporting Person: DOUGLAS J ALEXANDER JR (Senior Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	13018	Direct
Common Stock, $.25 par value	2456	Indirect
Common Stock, $.25 par value	346	Indirect
Common Stock, $.25 par value	346	Indirect
Common Stock, $.25 par value	346	Indirect
Common Stock, $.25 par value	163	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$25.3750	2004-10-18	Common Stock, $.25 par value (10000)		Direct
Employee Stock Option (right to buy)	$35.6250	2005-10-17	Common Stock, $.25 par value (14000)		Direct
Employee Stock Option (right to buy)	$48.8750	2006-10-16	Common Stock, $.25 par value (8400)		Direct
Employee Stock Option (right to buy)	$59.7500	2007-10-15	Common Stock, $.25 par value (7400)		Direct
Employee Stock Option (right to buy)	$65.8750	2008-10-14	Common Stock, $.25 par value (10500)		Direct
Employee Stock Option (right to buy)	$49.8000	2013-12-17	Common Stock, $.25 par value (46000)		Direct
Employee Stock Option (right to buy)	$53.4062	2014-10-20	Common Stock, $.25 par value (15000)		Direct
Employee Stock Option (right to buy)	$54.3437	2015-02-15	Common Stock, $.25 par value (35000)		Direct
Employee Stock Option (right to buy)	$57.8437	2015-10-17	Common Stock, $.25 par value (59380)		Direct
Employee Stock Option (right to buy)	$48.2100	2016-05-29	Common Stock, $.25 par value (90000)		Direct
Employee Stock Option (right to buy)	$44.6550	2017-12-17	Common Stock, $.25 par value (48000)		Direct
Hypothetical shares	$0.0000		Common Stock, $.25 par value (1249)		Indirect

Footnotes

F1: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of December 17, 2003.

F2: Shares held by a trust for the benefit of the Reporting Person's child.

F3: Grant was awarded on October 19, 1994. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.

F4: Grant was awarded on October 18, 1995. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.

F5: Grant was awarded on October 17, 1996. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.

F6: Grant was awarded on October 16, 1997. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.

F7: Grant was awarded on October 15, 1998. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.

F8: Option (with tax withholding right) granted on December 18, 2003 under The Coca-Cola Company 2002 Stock Option Plan. One-fourth of grant becomes exercisable on each of the first, second, third and fourth anniversaries of the grant date.

F9: Grant was awarded on October 21, 1999. One-fourth of grant becomes exercisable on the first, second, third and fourth anniversaries of the grant date.

F10: Grant was awarded on February 16, 2000. Grant becomes exercisable in its entirety on the third anniversary of the grant date.

F11: Grant was awarded on October 18, 2000. One-fourth of grant becomes exercisable on the first, second, third and fourth anniversaries of the grant date.

F12: Option granted on May 30, 2001 under The Coca-Cola Company's 1999 Stock Option Plan. One-fourth of grant becomes exercisable on the first, second, third and fourth anniversaries of the grant date.

F13: Option (with tax withholding right) granted on December 18, 2002 under The Coca-Cola Company 2002 Stock Option Plan. One-fourth of grant becomes exercisable on each of the first, second, third and fourth anniversaries of the grant date.

F14: There is no data applicable with respect to the Hypothetical Shares.

F15: Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.

F16: As of June 30, 2003.