COCA COLA CO — Director's Dealing 2003

Aug 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2003-08-06

Reporting Person: REYES JOSE OCTAVIO (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-06	Common Stock, $.25 par value	M	9600	$21.9062	Acquired	9600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-06	Employee Stock Option (right to buy)	$21.9062	M	9600	Disposed	2003-10-20	Common Stock, $.25 par value (9600)	Direct

Holdings (Non-Derivative)

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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical Shares	$0.0000	1988-08-08	Common Stock, $.25 par value (686)	686	Indirect

Footnotes

F1: Grant was awarded on October 21, 1993. 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.

F2: There is no data applicable with respect to hypothetical shares. The information provided is inserted as a placeholder due to software requirements.

F3: As of December 31, 2002.