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: FAYARD GARY P (Executive Vice President & CFO)

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	19131	Direct
Common Stock, $.25 par value	3205	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.00		Common Stock, $.25 par value (2115)	2115	Indirect

Footnotes

F1: Includes 70 shares acquired from December 2002 through October 2003 under The Coca-Cola Company Dividend and Cash Investment Plan.

F2: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of December 17, 2003.

F3: 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.

F4: Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.

F5: There is no data applicable with respect to the Hypothetical Shares.

F6: As of June 30, 2003.