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THE COCA-COLA COMPANY ANNOUNCES ADOPTION OF NEW ACCOUNTING STANDARDS

 ATLANTA, Dec. 17 /PRNewswire/ -- The Coca-Cola Company (NYSE: KO) announced today that it would retroactively adopt SFAS 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions" as of Jan. 1, 1992. The Company also announced that it would retroactively adopt SFAS 109, "Accounting for Income Taxes," by restating all financial statements beginning in 1989. Both SFAS 106 and SFAS 109 are required accounting changes that are non-cash in nature.
 The Company estimates that the adoption of SFAS 106 will result in a one-time cumulative adjustment to net income of $220 million, or $0.17 per share. The ongoing annual non-cash negative impact of SFAS 106 is expected to be approximately $0.02 per share. The Company will restate its 1992 quarterly results to reflect the adoption of SFAS 106.
 The adoption of SFAS 109 will result in a one-time cumulative adjustment and restatement of the Company's 1989 Income Statement, estimated to be approximately $250 million. It is not anticipated that the adoption of SFAS 109 will impact net income of any year other than 1989, and the impact of SFAS 109 going forward is expected to be immaterial.
 "The adoption of these new mandatory accounting standards will result in charges that have no impact on our cash flow, which continues to grow rapidly," said Jack L. Stahl, chief financial officer. "We are on track to report record cash flow for full year 1992, with expected earnings per share growth, excluding the accounting adjustments, of 20 percent. The Company's strong earnings momentum continues, despite below targeted unit case volume growth, because of our focus on managing margins and careful control of administrative expenses and cost of goods. In addition, we expect our international unit case volume in the fourth quarter to resume growth over prior year levels. We anticipate reporting worldwide unit case volume growth of 3 percent in the fourth quarter. This includes a 3 percent gain internationally, where December unit case volume growth is expected to be approximately 5 percent. In the United States, unit case volume is expected to grow 3 percent, the year's strongest quarter." Mr. Stahl continued, "Most importantly, as we approach 1993, we fully expect the earnings momentum established over the course of the last decade to continue, and we look for strong growth in unit case volume on a worldwide basis."
 -0- 12/17/92
 /CONTACT: Linda Peek of The Coca-Cola Company, 404-676-4848/
 (KO)


CO: The Coca-Cola Company ST: Georgia IN: FOD SU:

BR-RA -- AT002 -- 8058 12/17/92 09:08 EST
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Date:Dec 17, 1992
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