Form 4 - Abelardo E. Bru

Washington, D.C. 20549


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB Number:     3235-0287
Expires:    January 31, 2005
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(Print or Type Responses)  

1. Name and Address of Reporting Person*

Bru                    Abelardo                       E.
2. Issuer Name and Ticker or Trading Symbol

PepsiCo, Inc.           (PEP)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

      o Director              o 10% Owner
      x Officer                o Other (specify below)
          (give title below)

        President and Chief Executive Officer,
             Frito-Lay North America

    (Last)                    (First)                   (Middle)

7701 Legacy Drive
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)      4. Statement for Month/Day/Year


Plano                           TX                      75266
5. If Amendment, Date of Original (Month/Day/Year)

7. Individual or Joint/Group Filing (Check
Applicable Line)

     x Form filed by One Reporting Person
     o Form filed by More than One Reporting Person
   (City)                      (State)                    (Zip) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
 1. Title of Security
(Instr. 3)
 2. Trans-
action Date
 2A. Deemed
Execution Date,

if any (Month/
3. Trans-
action Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of
Beneficially Owned
Following Reported
(Instr. 3 and 4)
6. Owner-
ship Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
PepsiCo, Inc. Common Stock               4,437.09 (1) I By 401(k)

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conver-
sion or Exercise Price of Derivative Security

3. Trans-
action Date (Month/
3A. Deemed
Execution Date,
if any, (Month/
4. Trans-
action Code
(Instr. 8)
5. Number of Derivative Securites Acquired (A) or Disposed of (D) (Instr. 3,
4 and 5)
6. Date Exercisable and Expiration Date (Month/Day/Year)  7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security (Instr. 5)  9. Number of Derivative Securities Beneficially Owned Following Reported Trans-
action(s) (Instr. 4)

10. Owner-
ship Form of Derivative Securities: Direct(D)
or Indirect(I)
(Instr. 4) 

11. Nature of Indirect Beneficial Ownership (Instr. 4)  
 Code V (A) (D) Date Excer-
tion Date
Title Amount or Number of Shares
Employee Stock Option (right to buy) $39.75 2/1/2003   A   43,149.00   02/01/03 01/31/13 PepsiCo, Inc. Common Stock 43,149.00   43,149.00 D  
Employee Stock Option (right to buy) $39.75 2/1/2003   A   188,217.00   02/01/06 01/31/13 PepsiCo, Inc. Common Stock 188,217.00   188,217.00 D  

Explanation of Responses:
1. Shares held in PepsiCo Common Stock Fund reflect unit accounting. To provide liquidity in this fund, a portion of these units, which varies daily but averages approx. 3%,
    represents cash. Inforamtion reflects share value on 12/27/02.

/s/ Abelardo E. Bru   February 4, 2003

Abelardo E. Bru
** Signature of Reporting Person
Reminder:   Report on a separate line for each class of securities beneficially owned directly or indirectly.
*   If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.