COCA COLA CO — Director's Dealing 2006

Feb 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2006-02-16

Reporting Person: ISDELL E NEVILLE (Director, Chairman of the Board and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-16	Employee Stock Option (right to buy)	$41.39	A	900000	Acquired	2016-02-15	Common Stock, $.25 par value (900000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	335755	Direct
Common Stock, $.25 par value	4646	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.00		Common Stock, $.25 par value (3492)	3492	Indirect

Footnotes

F1: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of February 16, 2006.

F2: Option (with tax withholding right) granted on February 16, 2006 under The Coca-Cola Company 2002 Stock Option Plan. One-fourth of grant becomes exercisable on each of the first, second, third and fourth anniversaries of the grant date.

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 the hypothetical shares.

F5: As of February 16, 2006.