Please see attached revised PowerPoint and excel file.

- I added a chart on KO's stock price for the last 5 years (past 15) and a
new "market reaction" slide showing KO, PEP, OAT and S&P500 performance over
last 12 months.
- In the "data" worksheet of the new excel file I added the deal multiples.
All look reasonable except for the TEV/EPS.  Looks like it should be taken
down by a factor of 10, but I'm not sure how to justify that.  Can  someone
take a second look at please?

Anil - let me know if you need help with anything.  I know you have a lot
going.
- cv


Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com


-----Original Message-----
From: Guinney, Mark [mailto:Mark_Guinney@watsonwyatt.com]
Sent: Wednesday, April 25, 2001 11:02 AM
To: "Vavrek; Carolyn (US - San Francisco)" ; "Jeff.Dasovich@enron.com" "

Cc: "Anil Sama" " "
Subject: FIA presentation


Here are my edits and most recent model



**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax



This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.




 - oatvalua 4 25.xls
 - Quaker presentation 4 25.PPT