SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549



                            FORM 8-K


                         CURRENT REPORT
                                
               Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
                                
                                
        Date of Report (Date of earliest event reported):
                        December 11, 1998
                                
                                
                                
                      THE COCA-COLA COMPANY
     (Exact name of Registrant as specified in its charter)



       Delaware             001-02217             58-0628465
   (State or other        (Commission           (IRS Employer
     jurisdiction         File Number)        Identification No.)
   of incorporation)



              One Coca-Cola Plaza
                Atlanta, Georgia                   30313
    (Address of principal executive offices)     (Zip Code)


Registrant's telephone number, including area code: (404)676-2121


Item 5.  Other Events

     On December 11, 1998, The Coca-Cola Company (the "Company")
     and Cadbury Schweppes plc announced that they have signed
     agreements for The Coca-Cola Company to acquire Cadbury
     Schweppes' beverage brands in more than 120 countries around
     the world for approximately $1.85 billion. The transactions
     do not apply to the U.S., France and South Africa.

     On December 11, 1998, the Company also announced its
     expectations for fourth-quarter worldwide volume and EPS
     trends.



Item 7.  Financial Statements and Exhibits

     (c)  Exhibits:

          99.1  Press release of The Coca-Cola Company issued
                December 11, 1998 - The Coca-Cola Company and
                Cadbury Schweppes announce $1.85 billion
                transaction for Cadbury Schweppes beverage
                brands

          99.2  Press release of The Coca-Cola Company issued
                December 11, 1998 - The Coca-Cola Company
                announces expectations for fourth-quarter
                worldwide volume and EPS trends

                               - 2 -


                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                               THE COCA-COLA COMPANY
                                    (REGISTRANT)



Date:  December 15, 1998        By:/s/ JAMES E. CHESTNUT
                                   ---------------------------
                                   James E. Chestnut
                                   Senior Vice President and
                                    Chief Financial Officer

                               - 3 -


                          Exhibit Index



 Exhibit No.
 -----------
    99.1        Press release of The Coca-Cola Company issued
                December 11, 1998 - The Coca-Cola Company and
                Cadbury Schweppes announce $1.85 billion
                transaction for Cadbury Schweppes beverage
                brands

    99.2        Press release of The Coca-Cola Company issued
                December 11, 1998 - The Coca-Cola Company
                announces expectations for fourth-quarter
                worldwide volume and EPS trends