UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): January 27, 2004


                         THE PEPSI BOTTLING GROUP, INC.
             (Exact name of registrant as specified in its charter)


 Delaware                             1-14893               13-4038356
(State or other jurisdiction        (Commission           (IRS Employer
of incorporation)                   File Number)          Identification No.)

                         One Pepsi Way, Somers, NY 10589
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (914) 767-6000

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(a)      Not Applicable.

(b)      Not Applicable.

(c)      Exhibit 99.1      Press release dated January 27, 2004.

Item 12.   Results of Operations and Financial Condition.

     On January 27, 2004, The Pepsi Bottling Group, Inc. announced its financial
results for its fourth  quarter and its full year ended  December 27, 2003,  and
also  provided its full year 2004  forecast as  described  in the press  release
furnished hereto as Exhibit 99.1, which is incorporated herein by reference.






                                    SIGNATURE

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.


                                         THE PEPSI BOTTLING GROUP, INC.
                                                (Registrant)
Date: January 27, 2004                    /s/ Pamela C. McGuire
                                              -----------------
                                                (Signature)
                                       Pamela C. McGuire, Senior Vice President,
                                          General Counsel and Secretary