COCA COLA CO — Director's Dealing 2007

Apr 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2007-04-02

Reporting Person: BLACK CATHLEEN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-02	Phantom Stock Units	$	A	184.372	Acquired		Common Stock, $.25 par value (184.3720)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	10200	Direct

Footnotes

F1: Each phantom stock unit is economically equivalent to one share of Common Stock.

F2: Phantom stock units accrued as a result of crediting phantom dividends.

F3: 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.