EXHIBIT 23
Report and Consent of Independent Auditors
The Board of Directors
PepsiCo, Inc.
The audits referred to in our report dated February 9, 2000, included the
related financial statement schedule as of December 25, 1999, and for each of
the years in the three-year period ended December 25, 1999 listed in the
accompanying index at Item 14(a)2. The financial statement schedule is the
responsibility of the Company's management. Our responsibility is to express an
opinion on this financial statement schedule based on our audits. In our
opinion, such financial statement schedule, when considered in relation to the
basic consolidated financial statements taken as a whole, presents fairly, in
all material respects, the information set forth therein.
We consent to the use of our reports which are incorporated herein by reference
in the following Registration Statements on:
Registration
Description Statement Number
Form S-3
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PepsiCo SharePower Stock Option Plan
for PCDC Employees 33-42121
$32,500,000 Puerto Rico Industrial, Medical and
Environmental Pollution Control Facilities
Financing Authority AdjustableRate 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
Form S-8
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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
KPMG LLP
New York, New York
March 21, 2000