COCA COLA CO — Director's Dealing 2004

Apr 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2004-04-01

Reporting Person: ALLEN RONALD W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-01	Phantom Stock Units	$0.00	A	415.0177	Acquired		Common Stock, $.25 par value (415.0177)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	10000	Direct
Common Stock, $.25 par value	2000	Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of these securities, and 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.

F2: The Reporting Person no longer has a reportable beneficial ownership interest in 100 shares held by a child of the Reporting Person's wife and included in the Reporting Person's prior ownership reports.

F3: Phantom stock units convert to Common Stock on a one-for-one basis.

F4: The phantom stock units were accrued under The Coca-Cola Company Deferred Compensation Plan for Non-Employee Directors and are to be settled 100% in cash after the Reporting Person leaves the Board.

F5: Includes 43.2889 phantom stock units accrued as a result of crediting phantom dividends.