COCA COLA CO — Director's Dealing 2004

Aug 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2004-08-12

Reporting Person: REYES JOSE OCTAVIO (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-12	Common Stock, $.25 par value	M	12450	$25.375	Acquired	22050	Direct
2004-08-12	Common Stock, $.25 par value	F	1750	$44.190	Disposed	20300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-12	Employee Stock Option (right to buy)	$25.375	M	12450	Disposed	2004-10-18	Common Stock, $.25 par value (12450)	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	$0.000		Common Stock, $.25 par value (699)	699	Indirect

Footnotes

F1: Shares withheld by issuer for payment of taxes on option exercise.

F2: Grant 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.

F3: Each hypothetical share is equal to one share of Common Stock of The Coca-Cola Company.

F4: There is no data applicable with respect to hypothetical shares.

F5: As of December 31, 2003.