EXHIBIT 99.1

CAUTIONARY STATEMENT RELATIVE TO FORWARD-LOOKING STATEMENTS
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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:

- -    Foreign currency rate fluctuations, interest rate fluctuations and other
     capital market conditions. Most of our exposures to capital markets,
     including foreign currency and interest, 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
     capital market exposures.

- -    Changes in the nonalcoholic beverages business environment. These include,
     without limitation, changes in consumer preferences, 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.




- -    Adverse weather conditions, which could reduce demand for Company products.

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

- -    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.

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

- -    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.

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

The foregoing list of important factors is not exclusive.


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