COCA COLA CO — Director's Dealing 2004

Aug 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2004-08-16

Reporting Person: KNAUSS DONALD R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-16	Common Stock, $.25 par value	M	20000	$25.375	Acquired	45348	Direct
2004-08-16	Common Stock, $.25 par value	F	14212	$44.400	Disposed	31136	Direct
2004-08-16	Common Stock, $.25 par value	S	900	$44.380	Disposed	30236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-16	Employee Stock Option (right to buy)	$25.375	M	20000	Disposed	2004-10-18	Common Stock, $.25 par value (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	10690	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.000		Common Stock, $.25 par value (2643)	2643	Indirect

Footnotes

F1: Exhibit Index - Exhibit No. 24 - Power of Attorney

F2: Includes 11,431 shares delivered to issuer to pay the option exercise price and 2,781 shares withheld by issuer for payment of taxes on option exercise.

F3: Includes 249 shares acquired in April and July 2004 under The Coca-Cola Company Dividend and Cash Investment Plan.

F4: Grant (with tax withholding right) was awarded on October 19, 1994. 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.

F5: Each hypothetical share is equal to one share of Common Stock of The Coca-Cola Company.

F6: There is no data applicable with respect to the hypothetical shares.