File No.  33-22970
                                                               Filed pursuant to
                                                              Rule 424(b)(3) and
                                                                     Rule 424(c)


PROSPECTUS SUPPLEMENT NO. 4
(To Prospectus dated September 16, 1996)


                                 298,269 Shares


                                  PepsiCo, Inc.

                                  CAPITAL STOCK
                        (Par Value 1-2/3 Cents Per Share)


         This Prospectus Supplement supplements the accompanying  Prospectus and
relates to an  aggregate  of 298,269  shares of Capital  Stock,  par value 1-2/3
cents per share ("Capital Stock"), of PepsiCo, Inc.  ("PepsiCo"),  offered by or
for the  account of certain  non-employee  directors  of PepsiCo  (the  "Selling
Stockholders")  in order to permit such person to sell or  otherwise  dispose of
such securities from time to time.  Certain  information  concerning the Selling
Stockholders  and their  ownership of PepsiCo Capital Stock is set forth in this
Prospectus Supplement under the caption "SELLING STOCKHOLDERS".


             THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED
                BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS
                   THE COMMISSION PASSED UPON THE ACCURACY OR
                 ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION
                     TO THE CONTRARY IS A CRIMINAL OFFENSE.


         No person has been  authorized to give any  information  or to make any
representations, other than those contained or incorporated by reference in this
Prospectus  Supplement or the  accompanying  Prospectus,  and, if given or made,
such  information  or  representations  must not be relied  upon as having  been
authorized by PepsiCo.  Neither this Prospectus  Supplement nor the accompanying
Prospectus  constitutes an offer to sell or the  solicitation of an offer to buy
nor shall there be any sales of these  securities in any  jurisdiction  in which
such offer,  solicitation  or sale would be unlawful  prior to  registration  or
qualification  under  the  securities  laws of any  such  jurisdiction.  Neither
delivery of this Prospectus  Supplement or the  accompanying  Prospectus nor any
sale made hereunder shall, under any circumstances,  create any implication that
the information herein is correct as of any time subsequent to the date hereof.




            The date of this Prospectus Supplement is April 27, 2000


Set forth below is certain information with respect to the Selling Stockholders, which information supersedes in its entirety the information under the heading "Selling Stockholders" in the accompanying Prospectus. SELLING STOCKHOLDERS Each of the Selling Stockholders has been a director of PepsiCo since April 1997, except for Messrs. Arthur C. Martinez and Franklin D. Raines, who were elected to PepsiCo's Board in May 1999. The address for each Selling Stockholder is c/o PepsiCo, Inc., 700 Anderson Hill Road, Purchase, New York 10577. - --------------------------- ------------------ ------------------ ---------------------- --------------- Shares/ Options Shares/ Shares of Previously Options Capital Stock Received Received Total Shares Beneficially Pursuant to the Pursuant to of Capital Owned* Plan the Plan in 1999** Stock Offered - --------------------------- ------------------ ------------------ ---------------------- --------------- John F. Akers 54,623 25,858 11,707 37,565 Robert E. Allen 17,119 13,368 1,951 15,319 Peter Foy 19,841 5,434 11,707 17,141 Ray L. Hunt 54,197 17,990 11,707 29,697 Arthur C. Martinez 10,005 0 8,005 8,005 John J. Murphy 33,988 28,437 1,951 30,388 Franklin D. Raines 14,864 0 13,864 13,864 Sharon Percy Rockefeller 68,518 36,262 4,878 41,140 Franklin A. Thomas 23,726 11,019 11,707 22,726 P. Roy Vagelos 66,333 24,626 11,707 36,333 Arnold R. Weber 51,971 43,164 2,927 46,091 -------- -------- ------- -------- 415,185 206,158 92,111 298,269 - --------------------------- ------------------ ------------------ ---------------------- --------------- * These figures represent the number of shares of PepsiCo Capital Stock beneficially owned by each non-employee director as of April 27, 2000, including the total number of shares, or currently exercisable options to purchase shares, of PepsiCo Capital Stock received under the Plan. ** These amounts reflect currently exercisable options and shares of stock which were granted in 1999.