PRICING SUPPLEMENT NUMBER 6                  Filed Under Rule
(To Prospectus dated January 11, 1995)       424(b)(2) and 424(c)
CUSIP No. 71345L CR-7                        File No. 33-57181

                              $50,000,000


                              PEPSICO, INC.



               6.85% Debt Securities Due February 23, 1996
                    Interest Payable Semiannually
                        _______________________

     Type of Securities:  Fixed Rate Debt Securities

     Underwriter:   Merrill Lynch, Pierce, Fenner & Smith
                    Incorporated

     Initial Offering Price:  100.00%

     Underwriter's Discount:  0.048%

     Currency:  U. S. dollars

     Date of Issue:  February 23, 1995

     Issuance form:  Book entry

     Scheduled Maturity Date:  February 23, 1996

     Interest Rate: 6.85% per annum

     Daycount basis:  30/360

     Interest Accrual Date:  February 23, 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 each August 23 and
February 23, commencing August 23, 1995 and ending on the
Scheduled Maturity Date.

     Principal Payment Dates:  Scheduled Maturity Date

     Business Days:  New York

     Calculation Agent:  PepsiCo, Inc.

     Optional Redemption Dates: Not applicable

     Option to elect prepayment:  None

     Sinking fund: Not applicable

     Settlement Date:  February 23, 1995

The 6.85% Debt Securities Due February 23, 1996 will be purchased
by the Underwriter at 99.952% 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 6.85%
Debt Securities Due February 23, 1996 directly to the public
initially at the Initial Offering Price of such Debt Securities.
After the 6.85% Debt Securities Due February 23, 1996 are
released for sale to the public, the offering price and other
selling terms may from time to time be varied by the Underwriter.

For U.S.  federal income tax purposes, the 6.85% Debt Securities
Due February 23, 1996 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.


                     ____________________________

                         Merrill Lynch & Co.
                    ____________________________

February 21, 1995