COCA COLA CO — Director's Dealing 2003

Aug 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO (KO)
CIK: 0000021344
Period of Report: 2003-07-31

Reporting Person: MINNICK MARY E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-31	Common Stock, $.25 par value	M	9000.0000	$21.9062	Acquired	27228.0000	Direct
2003-07-31	Common Stock, $.25 par value	F	4783.0000	$45.3700	Disposed	22445.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-31	Employee Stock Option (right to buy)	$21.9062	M	9000.0000	Disposed	2003-10-20	Common Stock, $.25 par value (9000.0000)	Direct
1988-08-08	Hypothetical Shares	$0	J	0	Disposed	1988-08-08	Common Stock, $.25 par value (2405.6069)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	16259.2183	Indirect

Footnotes

F1: Includes 4,345 shares delivered to the issuer to pay the option exercise price and 438 shares withheld by the issuer for taxes.

F2: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of July 31, 2003.

F3: 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.

F4: Each hypothetical share is equal to one share of common stock of the issuer.

F5: There is no data applicable with respect to the Hypothetical Shares. The information provided is inserted as a placeholder due to software requirements.

F6: As of June 30, 2003