COCA COLA CO — Director's Dealing 2008

Apr 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2008-04-01

Reporting Person: ALLEN RONALD W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-01	Phantom Stock Units	$	A	83.0336	Acquired		Common Stock, $.25 par value (83.0336)	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: Each phantom stock unit is economically equivalent to one share of Common Stock.

F3: Phantom stock units accrued as a result of crediting phantom dividends.

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.