PRICING SUPPLEMENT NUMBER 13                           Filed Under Rule
(To Prospectus dated January 11, 1995)             424(b)(2) and 424(c)
CUSIP 71345L CY-2                                     File No. 33-57181

                         PEPSICO, INC.
            6.65% Callable Debt Securities Due June 6, 2000
                     Interest Payable Semiannually

  Underwriter:               Bear, Stearns & Co.Inc. 

  Initial Offering Price:    100.00%

  Underwriter's Discount:    0.30%

  Currency:                  U. S. Dollars

  Date of Issue:             June 6, 1995

  Issuance form:             Book entry

  Scheduled Maturity Date:   June 6, 2000

  Coupon:                    6.65% per annum

  Day count basis:           30/360

  Interest Accrual Date:     June  6,  1995,  or the most recent  date  for
                             which interest has been paid or provided  for,
                             as the case may be.  Interest will accrue from
                             each  Interest  Accrual Date to but  excluding
                             the next succeeding Interest Payment Date.

  Interest Payment Dates:    Semiannually on the 6th of December and  June,
                             commencing December 6, 1995 and ending on  the
                             Scheduled Maturity Date or an earlier Optional
                             Redemption Date.  If any Interest Payment Date
                             falls  on  a date that is not a Business  Day,
                             such  Interest Payment Date will be  the  next
                             succeeding  Business Day  with  no  additional
                             interest accruing.

 Principal  Payment  Dates:  Scheduled  Maturity Date, or an earlier 
                             Optional Redemption Date

 Business Days:              New York

 Calculation Agent:          PepsiCo, Inc.

 Optional Redemption Dates:  The 6.65% Callable Debt Securities Due June 6,
                             2000  may  be redeemed, in whole  but  not  in
                             part, at the option of PepsiCo, at 100% of the
                             principal   amount   thereof,   plus   accrued
                             interest  to  the date of such redemption,  on
                             June  6,  1997, or on any subsequent  Interest
                             Payment  Date prior to the Scheduled  Maturity
                             Date,  upon 15 days' written notice by PepsiCo
                             to the holders of such Notes.

 Option to elect prepayment: None

 Sinking fund:               Not applicable

 Settlement Date:            June 6, 1995

The  6.65%  Callable Debt Securities Due June 6, 2000 will be purchased
by  the  Underwriter at 99.70% of their principal amount, and  will  be
initially  offered to the public at 100.00% of their  principal  amount
(the  "Initial  Offering Price").  The Underwriter has advised  PepsiCo
that  it  intends  to  offer all or part of  the  6.65%  Callable  Debt
Securities  Due  June 6, 2000 directly to the public initially  at  the
Initial  Offering  Price  of  such Debt Securities.   After  the  6.65%
Callable Debt Securities Due June 6, 2000 are released for sale to  the
public, the offering price and other selling terms may be varied by the
Underwriter from time to time.

For   U.S.  federal  income  tax  purposes,  the  6.65%  Callable  Debt
Securities  Due  June  6,  2000 will be  treated  as  Fixed  Rate  Debt
Securities, issued without OID.  This treatment is consistent with  the
applicable provisions of the Internal Revenue Code of 1986, as amended,
and  the final OID regulations, which are generally effective for  debt
instruments issued on or after April 4, 1994.

                       Bear, Stearns & Co. Inc.

June 1, 1995