UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC  20549


                                   FORM 8-K

                                CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15 (d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934


      Date of report (Date of earliest event reported) October 29, 1996


                            TRIARC COMPANIES, INC.
            ------------------------------------------------------
              (Exact Name of Registrant as Specified in Charter)


Delaware                      1-2207                   38-0471180
- ---------------               -------------            ------------------
(State or other               (Commission              (IRS Employer
jurisdiction of               File Number)             Identification No.)
incorporation)


          900 Third Avenue
          New York, New York                           10022
          ---------------------------------------      ------------
          (Address of Principal Executive Offices)     (Zip Code)

     Registrant's telephone number, including area code:  (212) 230-3000




         -----------------------------------------------------------
                      (Former Name or Former Address, if
                          Changed Since Last Report)


Item 5.   Other Events.

     On October 29, 1996, the Registrant issued a press release with
respect to (i) the approval by its Board of Directors of a plan to offer up
to approximately 20% of the shares of its beverage and restaurant
businesses to the public through an initial public offering and to spinoff
the remainder of the shares of such businesses to the Registrant's
stockholders and (ii) the establishment of the Triarc Beverage Group, which
will oversee the operations of the Registrant's two beverage businesses,
Royal Crown Company, Inc. and Mistic Brands, Inc.  A copy of the press
release is being filed herewith as an exhibit hereto and is incorporated
herein by reference.

Item 7.   Financial Statements and Exhibits

     (c)  Exhibits

     99.1 Press release dated October 29, 1996

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                   TRIARC COMPANIES, INC.




Date:  October 29, 1996            By:  BRIAN L. SCHORR
                                        -----------------------------
                                        Brian L. Schorr
                                        Executive Vice President 
                                        and General Counsel



                                Exhibit Index


Exhibit 
No.       Description                                  Page No.
- --------  ------------                                 --------

99.1      Press release dated October 29, 1996