FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DAFT DOUGLAS N
   2. Issuer Name and Ticker or Trading Symbol
COCA COLA CO [(KO)] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board and CEO
(Last)
(First)
(Middle)
THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA		 3. Date of Earliest Transaction (Month/Day/Year)
08/04/2003
(Street)

ATLANTA, GA 30313		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.25 par value 08/04/2003   M   30,000 A $ 21.9062 1,071,625 D  
Common Stock, $.25 par value 08/04/2003   F(1)   5,795 D $ 44.37 1,065,830 D  
Common Stock, $.25 par value 08/04/2003   F(2)   12,029 D $ 44.28 1,053,801 D  
Common Stock, $.25 par value               7,407 (3) I By 401(k) plan
Common Stock, $.25 par value               65,200 (4) I By wife as trustee

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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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities 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 Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 21.9062 08/04/2003   M     30,000 10/21/1994(5) 10/20/2003 Common Stock, $.25 par value 30,000 $ 0 0 D  
Hypothetical shares $ 0 (6)             08/08/1988(6) 08/08/1988(6) Common Stock, $.25 par value 7,160   7,160 (7) I By International Thrift Plan
Hypothetical shares $ 0 (6)             08/08/1988(6) 08/08/1988(6) Common Stock, $.25 par value 13,503   13,503 (8) I By Supplemental Benefit Plan

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DAFT DOUGLAS N
THE COCA-COLA COMPANY
ONE COCA-COLA PLAZA
ATLANTA, GA 30313		   X     Chairman of the Board and CEO  

Signatures

 By: Parth S. Munshi, Atty-in-Fact   08/06/2003
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents shares delivered to the issuer to pay the option exercise price with respect to 11,738 options exercised.
(2) Includes 9,034 shares delivered to the issuer to pay the option exercise price with respect to 18,262 options exercised and 2,995 shares withheld by the issuer for taxes thereon.
(3) Shares credited to the Reporting Person's account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of August 4, 2003.
(4) The Reporting Person disclaims beneficial ownership of these securities. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
(5) Grant (with tax withholding right) was awarded on October 21, 1993. One-third of grant became exercisable one year after date of grant, with the remainder becoming exercisable in equal monthly installments over the next 24 months.
(6) There is no data applicable with respect to the Hypothetical Shares. The information provided is inserted as a placeholder due to software requirements.
(7) As of December 31, 2002.
(8) As of June 30, 2003.
 
Remarks:

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