EXHIBIT 15
Accountant's Acknowledgement
The Board of Directors
PepsiCo, Inc.
We hereby acknowledge our awareness of the use of our report dated August 20, 2001 on the supplemental condensed consolidated financial statements of PepsiCo, Inc. for the twelve and twenty-four weeks ended June 16, 2001, included within the Form 8-K of PepsiCo, Inc. dated August 27, 2001, and incorporated by reference in the following Registration Statements and in the related Prospectuses:
| Description | Registration Statement Number | |
| Form S-3 PepsiCo SharePower Stock Option Plan for PCDC Employees | 33-42121 | |
| $32,500,000 Puerto Rico Industrial, Medical and Environmental Pollution Control Facilities Financing Authority Adjustable Rate Industrial Revenue Bonds | 33-53232 | |
| Extension of the PepsiCo SharePower Stock Option Plan to Employees of Snack Ventures Europe, a joint venture between PepsiCo Foods International and General Mills, Inc. | 33-50685 | |
| $4,587,000,000 Debt Securities and Warrants | 33-64243 | |
| $500,000,000 Capital Stock, 1 2/3 cents par value | 333-56302 | |
| Form S-4 330,000,000 Shares of Common Stock, 1 2/3 cents par value and 840,582 Shares of Convertible Stock, no par value | 333-53436 | |
| Form S-8 PepsiCo SharePower Stock Option Plan | 33-35602, 33-29037, 33-42058, 33-51496, 33-54731 & 33- 66150 | |
| 1988 Director Stock Plan | 33-22970 | |
| 1979 Incentive Plan and the 1987 Incentive Plan | 33-19539 | |
| 1994 Long-Term Incentive Plan | 33-54733 | |
| 1995 Stock Option Incentive Plan | 33-61731 & 333-09363 | |
| 1979 Incentive Plan | 2-65410 | |
| PepsiCo, Inc. Long Term Savings Program | 2-82645, 33-51514 & 33-60965 | |
| PepsiCo 401(K) Plan | 333-89265 | |
| PepsiCo Puerto Rico 1165(e) Plan | 333-56524 | |
| Retirement Savings and Investment Plan for Union Employees of Tropicana Products, Inc. and Affiliates | 333-65992 | |
| The Quaker Long Term Incentive Plan of 1990, The Quaker Long Term Incentive Plan of 1999 and The Quaker Oats Company Stock Option Plan for Outside Directors | 333-66632 | |
| The Quaker 401(k) Plan for Salaried Employees and The Quaker 401(k) Plan for Hourly Employees | 333-66634 |
Pursuant to Rule 436(c) of the Securities Act of 1933, such report is not considered a part of a registration statement prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of the Act.
KPMG LLP
New York, New York
August 27, 2001
