EXHIBIT 15
                           Accountants' Acknowledgment

The Board of Directors
PepsiCo, Inc.

We hereby  acknowledge  our  awareness  of the use of our report dated April 22,
1999 included within the Quarterly Report on Form 10-Q of PepsiCo,  Inc. for the
twelve  weeks  ended  March 20,  1999,  and  incorporated  by  reference  in the
following Registration Statements and in the related Prospectuses:

                                                       Registration 
Description                                          Statement Number
Form S-3
PepsiCo SharePower Stock Option Plan for PCDC
 Employees                                           33-42121
$32,500,000 Puerto Rico Industrial, Medical and
   Environmental Pollution Control Facilities
   Financing Authority Adjustable Rate 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
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

Pursuant  to Rule  436(c)  of the  Securities  Act of 1933,  such  report is not
considered  a part of a  registration  statement  prepared  or  certified  by an
accountant or a report prepared or certified by an accountant within the meaning
of Sections 7 and 11 of the Act.


KPMG LLP
New York, New York
May 4, 1999



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