EXHIBIT 23
Consent of Independent Auditors
The Board of Directors
PepsiCo, Inc.
We consent to incorporation by reference in the registration statements listed
below of PepsiCo, Inc. of our report dated February 9, 2000, relating to the
consolidated balance sheet of PepsiCo, Inc. and Subsidiaries as of December 25,
1999 and 1998 and the related consolidated statements of income, cash flows and
shareholders' equity for each of the years in the three-year period ended
December 25, 1999, which report appears in the December 25, 1999 annual report
on Form 10-K of PepsiCo, Inc.:
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