COCA COLA CO — Director's Dealing 2003

Aug 6, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2003-08-04

Reporting Person: DAFT DOUGLAS N (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-04	Common Stock, $.25 par value	M	30000	$21.9062	Acquired	1071625	Direct
2003-08-04	Common Stock, $.25 par value	F	5795	$44.3700	Disposed	1065830	Direct
2003-08-04	Common Stock, $.25 par value	F	12029	$44.2800	Disposed	1053801	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-04	Employee Stock Option (right to buy)	$21.9062	M	30000	Disposed	2003-10-20	Common Stock, $.25 par value (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	7407	Indirect
Common Stock, $.25 par value	65200	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.0000	1988-08-08	Common Stock, $.25 par value (7160)	7160	Indirect
Hypothetical shares	$0.0000	1988-08-08	Common Stock, $.25 par value (13503)	13503	Indirect

Footnotes

F1: Represents shares delivered to the issuer to pay the option exercise price with respect to 11,738 options exercised.

F2: Includes 9,034 shares delivered to the issuer to pay the option exercise price with respect to 18,262 options exercised and 2,995 shares withheld by the issuer for taxes thereon.

F3: Shares credited to the Reporting Person's account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of August 4, 2003.

F4: The Reporting Person disclaims beneficial ownership of these securities. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F5: Grant (with tax withholding right) 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.

F6: There is no data applicable with respect to the Hypothetical Shares. The information provided is inserted as a placeholder due to software requirements.

F7: As of December 31, 2002.

F8: As of June 30, 2003.