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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>/in/edgar/work/0000030697-00-000115/0000030697-00-000115.txt : 20001123
<SEC-HEADER>0000030697-00-000115.hdr.sgml : 20001123
ACCESSION NUMBER:		0000030697-00-000115
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001121
ITEM INFORMATION:		
FILED AS OF DATE:		20001122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRIARC COMPANIES INC
		CENTRAL INDEX KEY:			0000030697
		STANDARD INDUSTRIAL CLASSIFICATION:	 [2080
]		IRS NUMBER:				380471180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0103
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		8-K
			SEC ACT:		
			SEC FILE NUMBER:	001-02207
			FILM NUMBER:		775319
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		280 PARK AVENUE
				CITY:			NEW YORK
				STATE:			NY
				ZIP:			10017
				BUSINESS PHONE:		2124513000
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		280 PARK AVENUE
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10017
</MAIL-ADDRESS>

					FORMER COMPANY:	
						FORMER CONFORMED NAME:	DWG CORP
						DATE OF NAME CHANGE:	19920703
</FORMER-COMPANY>

						FORMER COMPANY:	
							FORMER CONFORMED NAME:	DWG CIGAR CORP
							DATE OF NAME CHANGE:	19680820
</FORMER-COMPANY>

							FORMER COMPANY:	
								FORMER CONFORMED NAME:	DEISEL WEMMER GILBERT CORP
								DATE OF NAME CHANGE:	19680820
</FORMER-COMPANY>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>ARBY'S
<TEXT>

                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, DC  20549

                                    FORM 8-K

                                CURRENT REPORT
                    PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported): November 21, 2000


                            TRIARC COMPANIES, INC.
                            -----------------------
              (Exact Name of Registrant as Specified in Charter)


             Delaware              1-2207                 38-0471180
             --------              ------                 ----------
          (State or other         (Commission            (IRS Employer
          jurisdiction of         File Number)           Identification No.)
          incorporation)


                         280 Park Avenue
                       New York, New York               10017
                   -------------------------            -------
            (Address of Principal Executive Offices)    (Zip Code)


      Registrant's telephone number, including area code:  (212) 451-3000




                         -----------------------------
                       (Former Name or Former Address, if
                          Changed Since Last Report)


Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.

      (c)   Exhibits

      99.1  Press release dated November 22, 2000.





                                     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 hereunto duly authorized.

                                            TRIARC COMPANIES, INC.



Date: November 22, 2000                  By: STUART I. ROSEN
                                             ---------------------
                                             Stuart I. Rosen
                                             Senior Vice President
                                             and Secretary


                                    Exhibit Index

Exhibit

No.             Description                               Page No.
- --------        -----------                               --------


 99.1     Press release dated November 22, 2000.



















</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>



                                                              Exhibit 99.1

                                                           For Immediate Release

CONTACT:    Anne A. Tarbell
            Triarc Companies, Inc.
            (212) 451-3030
            www.triarc.com

                  ARBY'S COMPLETES INNOVATIVE SECURITIZATION OF
                           FRANCHISE ROYALTY PAYMENTS

           o Private placement of $290 million of 7.44% non-recourse fixed rate
             insured notes is completed

           o Notes rated Aaa/AAA/AAA by Moody's, S&P and Fitch


New York, NY, November 22, 2000 -- Triarc Companies,  Inc. (NYSE: TRY) announced
that its subsidiary  Arby's  Franchise  Trust,  a newly formed  special  purpose
financing  vehicle,  completed an offering of $290 million of 7.44% non-recourse
fixed rate insured  notes due 2020 (the  "Notes"),  pursuant to Rule 144A of the
Securities Act of 1933, as amended (the "Securities Act"). The Notes are secured
by Arby's(R)  branded United States and Canadian  franchise royalty payments and
fees. The Notes are rated Aaa, AAA and AAA by Moody's Investors Services,  Inc.,
Standard & Poor's Ratings Services and Fitch, Inc., respectively. Timely payment
of interest and the  remaining  outstanding  principal of the Notes on the legal
final  payment date are  guaranteed  by a financial  guaranty  insurance  policy
issued  by Ambac  Assurance  Corporation,  reinsured  on a first  loss  basis by
European Reinsurance Company of Zurich, Bermuda branch, a subsidiary of Swiss Re
Group. Triarc received net cash available proceeds of approximately $250 million
from the financing,  which is net of approximately $30 million of proceeds to be
placed in a reserve account, as well as transaction fees and expenses.

      Taking into account the recently  completed  sale of the Snapple  Beverage
Group and the consummation of the Arby's financing, Triarc's cash and investment
position,  net of current cash tax  liabilities  related to the  beverage  group
sale,  is  approximately  $700  million,  or $31 per share pro forma for current
shares outstanding  including the dilutive effect of employee stock options. Pro
forma debt is approximately $310 million.

      Nelson Peltz,  Chairman and Chief Executive  Officer of Triarc,  said: "We
continue to carefully  evaluate our options for the use of Triarc's  significant
cash and investment  position,  including  acquisitions,  share  repurchases and
investments, with the goal of further increasing shareholder value."

      The  Notes  are not  registered  and  will  not be  registered  under  the
Securities  Act, and may not be offered or sold within the United  States except
pursuant  to an  exemption  from the  Securities  Act, or in a  transaction  not
subject to the  registration  requirements  of the  Securities  Act.  This press
release shall not constitute an offer to sell or a  solicitation  of an offer to
buy  such  Notes,  nor  shall  there  be any  sale  of  Notes  in any  state  or
jurisdiction  in which such offer,  solicitation or sale would be unlawful prior
to registration or qualification  under the securities laws of any such state or
jurisdiction.

     Triarc is a leading restaurant franchisor (Arby's(R)and T.J. Cinnamons(R)).

                                    # # #

                                 Note to Follow

                              Note to Press Release

The statements in this press release that are not historical  facts,  including,
most importantly,  information  concerning possible or assumed future results of
operations  of  Triarc  Companies,  Inc.  and  its  subsidiaries  (collectively,
"Triarc" or "the  Company")  and  statements  preceded by,  followed by, or that
include the words "may",  "believes",  "expects",  "anticipates" or the negation
thereof, or similar expressions,  constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform
Act").  All  statements   which  address   operating   performance,   events  or
developments that are expected or anticipated to occur in the future,  including
statements  relating to volume and revenue growth,  earnings per share growth or
statements  expressing  general  optimism about future  operating  results,  are
forward-looking   statements  within  the  meaning  of  the  Reform  Act.  These
forward-looking  statements are based on our expectations and are susceptible to
a number of risks,  uncertainties  and other  factors  and our  actual  results,
performance  and  achievements  may differ  materially  from any future results,
performance  or  achievements  expressed  or  implied  by  such  forward-looking
statements. For those statements, we claim the protection of the safe harbor for
forward-looking  statements  contained in the Reform Act. Many important factors
could  affect  our  future  results  and could  cause  those  results  to differ
materially  from those  expressed in the  forward-looking  statements  contained
herein.   Such  factors  include,   but  are  not  limited  to,  the  following:
competition,  including  product and  pricing  pressures;  success of  operating
initiatives;  the ability to attract  and retain  franchisees;  development  and
operating  costs;  advertising and promotional  efforts;  brand  awareness;  the
existence or absence of positive or adverse publicity;  market acceptance of new
product offerings; new product and concept development by competitors;  changing
trends in customer tastes and demographic patterns;  availability,  location and
terms of sites  for  restaurant  development  by  franchisees;  the  ability  of
franchisees  to open  new  restaurants  in  accordance  with  their  development
commitments,   including  the  ability  of  franchisees  to  finance  restaurant
development;  the performance by material  customers of their  obligations under
their  supply  agreements  with  franchisees;  changes in  business  strategy or
development  plans;  quality  of  the  Company's  and  franchisees'  management;
availability,  terms and deployment of capital;  business abilities and judgment
of the Company's and franchisees' personnel; availability of qualified personnel
to  the  Company  and  to  franchisees;   labor  and  employee   benefit  costs;
availability  and  cost  of raw  materials,  ingredients  and  supplies  and the
potential impact on franchise royalties and franchisees'  restaurant level sales
that could arise from  interruptions in the distribution of supplies of food and
other  products  to  franchisees;   general  economic,  business  and  political
conditions in the countries and territories where franchisees  operate;  changes
in, or failure to comply with,  government  regulations,  including  franchising
laws, accounting standards,  environmental laws and taxation  requirements;  the
costs, uncertainties and other effects of legal and administrative  proceedings;
the impact of general economic conditions on consumer spending;  and other risks
and  uncertainties  which are difficult or impossible to predict  accurately and
many of which are beyond our control.  We will not  undertake  and  specifically
decline any  obligation to publicly  release the results of any revisions  which
may be made to any forward-looking statements to reflect events or circumstances
after the date of such statements or to reflect the occurrence of anticipated or
unanticipated  events.  In addition,  it is our policy generally not to make any
specific  projections  as  to  future  earnings,  and  we  do  not  endorse  any
projections regarding future performance that may be made by third parties.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
