COCA COLA CO — Director's Dealing 2003

Dec 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: REYES JOSE OCTAVIO (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-18	Employee Stock Option (right to buy)	$49.80	A	112000	Acquired	2013-12-17	Common Stock, $.25 par value (112000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	9600	Direct
Common Stock, $.25 par value	23777	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical Shares	$0.00		Common Stock, $.25 par value (686)	686	Indirect

Footnotes

F1: 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.

F2: Each hypothetical share is equal to one share of Common Stock of The Coca-Cola Company.

F3: There is no data applicable with respect to hypothetical shares.

F4: As of December 31, 2002.