EXHIBIT 99.1

CAUTIONARY STATEMENT RELATIVE TO FORWARD-LOOKING STATEMENTS


     Certain written and oral statements made by our Company and subsidiaries or
with  the  approval  of an  authorized  executive  officer  of our  Company  may
constitute "forward-looking  statements" as defined under the Private Securities
Litigation  Reform Act of 1995,  including  statements  made in this  report and
other filings with the Securities and Exchange Commission.  Generally, the words
"believe," "expect," "intend," "estimate,"  "anticipate,"  "project," "will" and
similar expressions identify forward-looking statements, which generally are not
historical in nature. All statements which address operating performance, events
or developments  that we expect or anticipate will occur in the future including
statements  relating to volume  growth,  share of sales and  earnings  per share
growth,  and  statements  expressing  general  optimism  about future  operating
results are forward-looking statements.  Forward-looking statements are subject
to certain  risks and  uncertainties  that could cause actual  results to differ
materially from our Company's historical experience and our present expectations
or projections. As and when made, management believes that these forward-looking
statements are reasonable.  However,  caution should be taken not to place undue
reliance on any such forward-looking statements since such statements speak only
as of the date when made.  The  Company  undertakes  no  obligation  to publicly
update or revise  any  forward-looking  statements,  whether  as a result of new
information,  future events or otherwise.  The following are some of the factors
that could cause our  Company's  actual  results to differ  materially  from the
expected  results  described  in or  underlying  our  Company's  forward-looking
statements:

- --  Our  ability  to  generate  sufficient  cash  flows to  support  capital
    expansion plans, share repurchase programs and general operating activities.

- --  Changes  in the  nonalcoholic  beverages  business  environment.  These
    include,  without limitation,  competitive product and pricing pressures and
    our ability to gain or maintain  share of sales in the global  market as a
    result of actions  by  competitors.  While we believe our opportunities  for
    sustained, profitable  growth are  considerable,  factors  such as these
    could  impact our earnings, share of sales and volume growth.

- --  Changes  in  laws  and  regulations,  including  changes  in  accounting
    standards,  taxation requirements  (including tax rate changes, new tax laws
    and revised tax law  interpretations)  and environmental laws in domestic or
    foreign jurisdictions.

- --  Fluctuations  in the cost and  availability  of raw  materials  and the
    ability to maintain favorable supplier arrangements and relationships.

- -- Our ability to achieve earnings forecasts,  which are generated based on
   projected  volumes  and  sales of many  product  types,  some of which  are
   more profitable  than  others.  There can be no  assurance  that we will
   achieve the projected level or mix of product sales.

- --  Interest  rate  fluctuations  and  other  capital  market   conditions,
    including foreign currency rate  fluctuations.  Most of our exposures to
    capital markets,  including interest and foreign currency, are managed on a
    consolidated basis, which allows us to net certain exposures and, thus, take
    advantage of any natural  offsets.  We use  derivative financial instruments
    to reduce our net exposure  to financial  risks.  There can be no assurance,
    however,  that our financial  risk  management  program  will be  successful
    in  reducing  foreign currency exposures.

- -- Economic and political conditions,  especially in international markets,
   including civil unrest,  governmental changes and restrictions on the ability
   to transfer capital across borders.

- -- Our ability to penetrate  developing  and emerging  markets,  which also
   depends  on  economic  and  political  conditions,  and how  well we are able
   to acquire  or form  strategic  business  alliances  with local bottlers and
   make necessary  infrastructure  enhancements to production  facilities,
   distribution networks,  sales equipment and technology. Moreover, the supply
   of products in developing markets must match the customers' demand for those
   products,  and due to product price and cultural differences,  there can be
   no assurance of product acceptance in any particular market.

- --  The effectiveness of our advertising, marketing and promotional programs.

- --  The   uncertainties   of  litigation,   as  well  as  other  risks  and
    uncertainties  detailed  from  time  to  time in our  Company's  Securities
    and Exchange Commission filings.

- -- Adverse  weather  conditions,  which  could  reduce  demand  for  Company
   products. The foregoing list of important factors is not exclusive.