Washington, D.C. 20549




                                   FORM 6-K
                           REPORT OF FOREIGN ISSUER
                     PURSUANT TO RULE 13a-16 OR 15b-16 OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                              For March 24, 2006



                         Andina Bottling Company, Inc.
                         -----------------------------
                (Translation of registrant's name into English)
                           Avenida Andres Bello 2687
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                              Piso 20, Las Condes
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                                   Santiago
                        -------------------------------
                                     Chile
                          ---------------------------
                   (Address of principal executive offices)
                             Form 20-F X Form 40-F
                                    --- ---



     Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.

                              Yes       No X
                                 ---       ---




                                MATERIAL EVENT


CORPORATE NAME            :        EMBOTELLADORA ANDINA S.A.

SECURITIES REGISTRY       :        00124

TAXPAYER I.D.             :        91.144.000-8

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The following material event is reported by virtue of the stipulations in
Article 9 and subparagraph 2 of Article 10 of Law 18,045, and the provisions
in Section II.1.B.3 of General Rule No. 30 of the Superintendency of
Securities and Insurance:

The following was discussed at a special meeting of the Company's Board of
Directors held today:

I.       It was resolved to propose to the Shareholders Meeting the payment of
         an Additional Dividend on account of the Retained Earnings Fund,
         additional to the Final Dividend for the 2005 fiscal year (approved
         and disclosed last February), for the following amounts:

         a) CH$70 (seventy pesos) per Series A share; and b) CH$77
         (seventy-seven pesos) per Series B share.

         If approved by the Shareholders Meeting, this Additional Dividend
         would be paid starting May 30, 2006 and the Shareholders Registry
         would be closed May 24, 2006 for the determination of the recipients
         of payment.

II.      The recent resignations of Glenn Jordan Schoenbohm and his alternate,
         Jorge Hurtado Garreton, from their seats in the board of the Company
         were reported. Accordingly, pursuant to article 32 of Law 18,046, it
         was decided that the Regular Shareholders Meeting of the Company this
         year (reported opportunely to the Superintendency) must elect a new
         Board of Directors. The election of the entire Board of Directors
         will therefore be added to the agenda for that Meeting.

III.     In view of the foregoing resolutions, for the purpose of having
         sufficient time to disclose the foregoing to the market and give
         notice of the Regular Shareholders Meeting, it was finally resolved
         to postpone the Regular Shareholders Meeting (the "Meeting") from
         Tuesday, April 11, 2006 (already reported opportunely to the
         Superintendency) to Wednesday, April 19, 2006 at 10:30 a.m., at the
         Company's offices located at Av. Carlos Valdovinos 560, Borough of
         San Joaquin.

         The agenda for the Meeting will therefore be the following:



         1)   The Annual  Report,  General  Balance Sheet and Financial
              Statements  for the 2005 fiscal year and the report by the
              external auditors on such Financial Statements;
         2)   The distribution of profits and payment of dividends;
         3)   An explanation of the Company's  dividend policy and
              information on the procedures  used in distributing  and
              paying dividends;
         4)   The election of the entire Board of Directors in application
              of article 32 of the Companies Law;
         5)   The determination of the compensation for the members of
              Directors  Committee,  establish by Law 19705 and members of
              the Audit Committee required by the Sarbanes-Oxley Act of the
              U.S.A.
         6)   The appointment of external auditors for the 2006 fiscal year;
         7)   The appointment of risk rating agencies;
         8)   A  report  on Board  resolutions  regarding  transactions
              indicated  in  Article  44 of Law  18,046  since  the last
              Shareholders Meeting; and
         9)   Generally, all other matters within the purview of this
              meeting and any other matter of corporate interest.


                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Santiago, Chile.

                          EMBOTELLADORA ANDINA S.A.

                          By: /s/ Pedro Pellegrini Ripamonti
                          ----------------------------------
                          Pedro Pellegrini Ripamonti
                          Corporate Legal Manager

Santiago, March 24, 2006