ADVISORY/Photo Regarding Agreement To Acquire The Quaker Oats Company of Chicago is available on WirePix.com, BW PhotoWire/AP PhotoExpress, NewsCom, PressLink and Business Wire's Web Site.

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ADVISORY...

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Photo caption reads:

PURCHASE, NY --Dec. 4, 2000--PepsiCo, Inc., of Purchase, NY, has reached an agreement to acquire The Quaker Oats Company of Chicago, IL, creating one of the world's five largest consumer products companies. Upon completion of the Quaker acquisition, a new management structure will take effect. From left to right, Indra Nooyi, who will become President and CFO, Robert Morrison, who will be a Vice Chairman, while continuing as Quaker's Chairman and CEO, PepsiCo Chairman and CEO Roger Enrico, who also will remain as a Vice Chairman, and Steve Reinemund, who will become Chairman and CEO. PHOTO: John Keating. (Business Wire photo)

CONTACT: PepsiCo, Inc., Richard M. Detwiler Jr., 914/253-2725.

See Business Wire story 2040 for more information