3 1 form3-schiro.htm Form 3- James J. Schiro
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
 Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*


Schiro           James                J.

2. Date of Event Requiring Statement
   (Month/Day/Year)

    1/30/2003

 4. Issuer Name and Ticker or Trading Symbol

PepsiCo, Inc.  (PEP)
(Last)             (First)                (Middle)

Zurich Financial Services
Mythenquai 2
P.O. Box 8022
(Street)

Zurich

3. I.R.S. Identification Number of
    Reporting Person, if an entity
    (voluntary)

5. Relationship of Reporting Person(s)
    to Issuer (Check all applicable)

  x Director             o 10% Owner
  o Officer                o  Other
      (give title below)       (specify below)


   

 6. If Amendment, Date of Original
   (Month/Year)  
(City)              (State)                 (Zip)

Switzerland		 7. Individual or Joint/Group Filing
    (Check Applicable Line)  

  x Form filed by One Reporting Person
  o Form filed by More than One Reporting Person

Table I — Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
PepsiCo, Inc. Common Stock 1,085.00 D  
       
       
       







Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
 1. Title of
     Derivative
     Security
     (Instr. 4)		  2. Date Exer cisable and
     Expiration Date
     (Month/Day/Year) 		3. Title and Amount of Securities
     Underlying Derivative Security
     (Instr. 4)		 4. Conversion or
     Exercise
     Price of
     Derivative
     Security		 5. Ownership
     Form of
     Derivative
     Securities:
     Direct (D) or
     Indirect (I)
     (Instr. 5)		 6. Nature of Indirect
     Beneficial Ownership
     (Instr. 5) 
 Date
 Exercisable		  Expiration
  Date		 Title  Amount
 or Number
 of Shares
               
               
               

Explanation of Responses:



           /s/ James J. Schiro
___________________________
James J. Schiro
**Signature of Reporting Person		 January 31, 2003
___________________________
Date
   
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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