PROSPECTUS SUPPLEMENT NO. 1 File No. 33-54733 (To Prospectus dated July 26, 1994) Filed pursuant to Rule 424(b)(3) and Rule 424(c) 4,410,655 Shares -------------------- PepsiCo, Inc. CAPITAL STOCK (Par Value 1-2/3 Cents per Share) Available to be Resold -------------------------- The following information updates and supplements the prospectus dated July 26, 1994 (the "Prospectus") covering affiliates reoffers and resales of PepsiCo, Inc. Capital Stock, par value 1-2/3 cents per share, which were acquired under PepsiCo's 1969 or 1975 Stock Option Plans or 1972 Performance Share Plan, as amended, or which were or are expected to be acquired under PepsiCo's 1979, 1987 or 1994 Incentive Plans. Such Prospectus was filed with the Securities and Exchange Commission as part of Registration No. 33-54733. The "Selling Stockholders" information is updated and restated in its entirety as follows: STOCKHOLDERS ELIGIBLE TO RESELL Shares of Capital Stock Available to be Shares of Capital Resold (whether Shares of Stock Subject to Name and Material or not there is Capital Stock Right to Acquire Relationships with a present intent Beneficially Prior to April PepsiCo Since March, 1992 to do so) Owned 30, 1996 - ------------------------ ---------------- --------------- ------------------ Brenda Barnes 73,965 430 73,965 Chief Operating Officer, Pepsi-Cola North America; Chief Operating Officer, Pepsi-Cola Company South/West; President, Pepsi-Cola Company South April 28, 19952 Shares of Capital Stock Available to be Shares of Capital Resold (whether Shares of Stock Subject to Name and Material or not there is Capital Stock Right to Acquire Relationships with a present intent Beneficially Prior to April PepsiCo Since March, 1992 to do so) Owned 30, 1996 - ------------------------ ---------------- --------------- ------------------ Randall C. Barnes 229,265 9 229,256 Senior Vice President and Treasurer D. Wayne Calloway 2,365,448 189,936 2,175,528 Director; Chairman of the Board and Chief Executive Officer Robert L. Carleton 98,471 34,029 64,458 Senior Vice President and Controller Robert G. Dettmer 537,145 14,484 522,677 Executive Vice President and Chief Financial Officer Roger A. Enrico 575,703 28,100 547,619 Director; Vice Chairman of the Board; Chairman and Chief Executive Officer, PepsiCo Worldwide Restaurants; Chairman and Chief Executive Officer, PepsiCo Worldwide Foods; Chairman, Frito- Lay, Inc. Edward V. Lahey, Jr. 369,709 14,625 360,953 Senior Vice President, General Counsel and Secretary Andrall E. Pearson 134,577 134,577 -0- Director Indra K. Nooyi 26,372 -0- 26,372 Senior Vice President, Strategic Planning - ---------------- The address for each Selling Stockholder is c/o PepsiCo, Inc., Anderson Hill Road, Purchase, New York 10577