Sidenav for 98 Annual Report
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1998 Shareholder Information

Annual Meeting
The Annual Meeting of Shareholders will be held at PepsiCo World Headquarters on Anderson Hill Road, Purchase, New York at 11:00 a.m., Wednesday, May 5, 1999. Proxies for the meeting will be solicited by an independent proxy solicitor. This Annual Report is not part of the proxy solicitation.

Inquiries Regarding Your Stock Holdings
Registered Shareholders (shares held by you in your name) should address communications concerning statements, dividend payments, address changes, lost certificates and other administrative matters to:

The Bank of New York
Shareholder Services Dept.
P.O. Box 11258
Church Street Station
New York, NY 10286-1258
Telephone: (800) 226-0083
E-mail: shareowner-svcs@bankofny.com
Web site: http://stock.bankofny.com

or

Manager, Shareholder Relations
PepsiCo, Inc.
Purchase, NY 10577
Telephone: (914) 253-3055

In all correspondence or telephone inquires, please mention PepsiCo, your name as printed on your stock certificate, your Social Security number, your address and telephone number.

Beneficial Shareholders (shares held by your broker in the name of the brokerage house) should direct communications on all administrative matters to your stockbroker.

SharePower Participants (employees with SharePower options) should address all questions regarding your account, outstanding options or shares received through option exercises to:

Merrill Lynch/SharePower
Stock Option Plan Services
P.O. Box 30466
New Brunswick, NJ 08989
Telephone: (800) 637-6713 (U.S., Puerto Rico and Canada)
(732) 469-8877 (all other locations)

In all correspondence, please provide your account number (for U.S. citizens, this is your Social Security number), your address, your telephone number and mention PepsiCo SharePower. For telephone inquiries, please have a copy of your most recent statement available.

Employee Benefit Plan Participants:
Capital Stock Purchase Plan (800) 227-4015

SaveUp (formerly 401(k), Long Term Savings, ESOP)   
P.O. Box 9108
Boston, MA 02209
(800) 227-4015
(617) 472-3127
(outside U.S.)

Please have a copy of your most recent statement available when calling with inquires.


Shareholder Services

Dividend Reinvestment Plan
A brochure explaining this convenient plan, for which PepsiCo pays all administrative costs, is available from our transfer agent:

The Bank of New York
Dividend Reinvestment Dept.
P.O. Box 1958
Newark, NJ 07101-9774 Telephone: (800) 226-0083

Direct Deposit of Dividends
Information on the Direct Deposit service is available from our transfer agent at this address:

The Bank of New York
Shareholder Services Dept.
P.O. Box 11258
Church Street Station
New York, NY 10286-1258
Telephone: (800) 226-0083

Financial and Other Information
PepsiCo's 1999 quarterly earnings releases are expected to be issued the week of April 19, July 19, and October 4, 1999 and January 31, 2000.

Earnings and other financial results, corporate news and other company information are available on PepsiCo's web site: www.pepsico.com

Copies of PepsiCo's SEC Form 8-K, 10-K and 10-Q reports and quarterly earnings releases are available free of charge. Contact PepsiCo's Manager of Shareholder Relations at (914) 253-3055.

Securities analysts, portfolio managers, representatives of financial institutions and other individuals with questions regarding PepsiCo's performance are invited to contact:

Susan V. Watson
Vice President, Investor Relations
PepsiCo, Inc.
Purchase, NY 10577
Telephone: (914) 253-3035

Independent Auditors
KPMG LLP
345 Park Avenue
New York, NY 10154-0102
Telephone: (212) 758-9700

PepsiCo's Annual Report contains many of the valuable trademarks owned and used by PepsiCo and its subsidiaries and affiliates in the United States and internationally to distinguish products and services of outstanding quality.
© PepsiCo, Inc.

Design: Eisenman Associates
Major Photography: Ben Rosenthal
Chairman's Photograph: John Keating

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