org/ for a general description of the
effort and information on the coalition Organizations Calling for Greater
Social Responsibility and Corporate Governance from TIAA-CREF)
Representatives of the coalition just sent a letter to top executives of
TIAA-CREF as a follow-up to meeting with them in November (see the letter at
http://www.

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This irresponsible and
dangerous practice causes serious harm to people's health and the environment.org.

Forward-Looking Statements
This report contains statements , estimates or projections that constitute
"forward-looking statements" as defined under U.

Coca-Cola was incorporated in various classroom activities.

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"At the last meeting we received assurances that they would take our
concerns seriously, as their rules require; we are now awaiting real action ,"
says coalition spokesperson Jeffrey Ballinger. For further information, visit
http://www.

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" One coalition member is also acting through the
shareholders. Indeed, TIAA-CREF's own socially
responsible Social Choice Account has been one of their best-performing funds.insidethebottle.org .
As a result of the Commission's Commitment Decision, which follows the draft
Undertaking that we submitted last October to former Commissioner Monti, we
now have clarity regarding the application of European competition rules to
our commercial practices in the European Economic Area. federal securities laws.

A Coke marketing executive addressed economics students, chemistry students analyzed the sugar content of Coke, and a Coca-Cola cake recipe was prepared in home economics.

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International Pressure Grows to Permanently Close Coke Bottling Plant in Plachimada

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The coalition notes that TIAA-CREF'S Policy Statement on Corporate
Governance promotes the importance of social responsibility and that
shareholder concerns should be taken into account. For over 25
years, we've forced corporations -- like Nestle, General Electric and Philip
Morris/Altria -- to stop abusive actions.

The Polaris Institute is an action-research organization that works on
international campaigns challenging the corporate theft of water resources in
communities around the world.

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Mr. Throughout the process, we and our European
bottlers have been committed to a constructive dialogue with the Commission
Services and to finding solutions that would meet the Commission's concerns.

Greenbrier High School of Evans, Georgia, USA, held 'Coke in Education Day' to win a $500 local contest by the Coca-Cola Bottling Company of Augusta, and a national contest with a $10,000 prize.

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Research indicates that
addressing social concerns as part of an investment strategy does not hurt
returns and may even improve them .com.S.

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The coalition's motto, "Out of the bad and into the good,"
argues that TIAA-CREF's economic clout gives it the power to also promote
positive change, like community development, while still protecting the
investment of retirees. Yesterday,
local authorities denied Coke's license to re -start operations in Plachimada.

ptas wouldn

'Make TIAA-CREF Ethical' Coalition Asks $330 Billion Teacher's Pension Fund to Promote Corporate Responsibility; Coalition Submits Shareholder Resolution Befor

to
agree to such an investigation; also, pressure Coca-Cola to end all
marketing (including Coke toys, in-school marketing, and product
placement) aimed at children -- or divest;
* Pledge to buy no new World Bank bonds as long as bank policies
contribute to economic instability around the globe -- TIAA-CREF
previously divested such holdings

(See http://www .makeTIAA-CREFethical.
"There is a growing movement around the world calling for Coke to end its
abusive actions," says Corporate Accountability International Executive
Director Kathryn Mulvey ."
Last week, 700 villagers gathered outside of Coke's plant in Plachimada to
prevent the soft drink giant from re-starting operations there.

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*
Campaign for a Commercial-Free Childhood*

Contact:
Jeffrey Ballinger
905-525-9140 ext.com

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Neville Isdell, Chairman and Chief Executive Officer of The Coca-Cola
Company, commented: "We welcome today's decision, which marks the conclusion
of a six-year investigation. You should not place
undue reliance on forward -looking statements, which speak only as of the date
they are made.

shirt pepsi

Today's Decision, which follows consultation with the European
Commission and the National Competition Authorities of the EU Member States,
completes that procedure. The Undertaking will apply across 27 countries in
Europe, in all channels of distribution where the carbonated soft drinks of
The Coca-Cola Company account for over 40% of national sales and twice the
nearest competitor's share. Forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from The Coca-Cola Company's historical experience and our
present expectations or projections .

molnar defying

We hope that TIAA-CREF will live by the
implications of its new advertising tag-line, 'Financial Services for the
Greater Good'.polarisinstitute. ATLANTA and BRUSSELS, Belgium, The European
Commission announced today that it had adopted a Commitment Decision
concerning the commercial practices of The Coca-Cola Company and its bottlers
in the European Economic Area.

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It lists many ways that TIAA-CREF can
promote corporate responsibility. The Coca-Cola Company undertakes no obligation to publicly
update or revise any forward-looking statements.

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And it asks for another meeting to discuss a
timetable for progress on these issues. 58949
jeffreyd@mindspring. BOSTON and OTTAWA , This week, hundreds of people
across North America are calling on Coca-Cola to permanently close its
bottling plant in Plachimada, India. "Across North America and around the world,
people are joining in solidarity with the people of Plachimada in their battle
against Coke."

The Coca-Cola Company
The Coca-Cola Company is the world's largest beverage company. Along with
Coca -Cola, recognized as the world's most valuable brand, The Coca-Cola
Company markets four of the world 's top five soft drink brands, including Diet
Coke, Fanta and Sprite, and a wide range of other beverages , including diet
and light soft drinks, waters, juices and juice drinks, teas, coffees and
sports drinks.

In response to negative media attention, the suspension was erased from Mike Cameron's record.

shirt pepsi

NEW YORK, The Make-TIAA-CREF Ethical coalition,
comprised of worldwide organizations * dedicated to social responsibility,
recently met with the powerful teachers' pension fund TIAA-CREF and asked them
to take the following actions:
* Drop its stock in Philip Morris/Altria, the world's largest tobacco
corporation;
* Pressure Nike and Wal-Mart to end sweatshop abuses worldwide; urge Wal-
Mart to stop its destructive impact on local economies and close its
Teotihuacan, Mexico store -- or divest from those companies if changes
are not made;
* Urge Unocal to improve its human rights record in Burma -- or divest if
changes are not made;
* Pressure retailer Costco to close its illegally constructed warehouses
in Mexico and end human rights abuses -- or divest;
* Support the proxy resolution of the New York City pension funds for an
independent investigation of human rights abuse associated with Coca-
Cola bottling plants in Colombia -- and pressure The Coca-Cola Co.org and our program on bottled water issues,
http://www.

breach disruptive

Citizen's Coalition is submitting a resolution to TIAA-CREF for
divestment from Costco and Wal-Mart, before the February 10 deadline.

During a photo shoot lining students up to spell out the word 'Coke', Mike Cameron wore a T-shirt with the logo of Coca-Cola competitor Pepsi , and was suspended for his 'disruptive' behavior.

shirt breach

maketiaa-crefethical.org/)."

Members of the Make TIAA-CREF Ethical Coalition:
* The US Campaign for Burma * Corporate Accountability International
(formerly Infact)* World Bank Bonds Boycott * Press for Change * Social Choice
for Social Change * Canadian Committee To Combat Crimes Against Humanity
(CCCCH) * Citizens Coalition (Frente Civico) * Educating for Justice *
National Community Reinvestment Coalition * National Congress for Community
Economic Development * Campaign to Stop Killer Coke/Corporate Campaign, Inc. Coke drains water from communities
throughout India to make soft drinks and bottled water."

Corporate Accountability International, formerly Infact, is a membership
organization that protects people by waging and winning campaigns challenging
irresponsible and dangerous corporate actions around the world. For more information visit
http://www.

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"TIAA-CREF has been a leader
in some ways in promoting corporate responsibility; we want them to live up to
that regarding our concerns. In 2003 , Coke's plant was closed to protect local people's access to
water. For more information about The Coca-
Cola Company, please visit our website at http://www.
Generally, the words "believe," "expect ," "intend," "estimate," "anticipate,"
"project," "will" and similar expressions identify forward -looking statements,
which generally are not historical in nature. These risks include, but are not limited
to, changes in economic and political conditions, including civil unrest and
product boycotts; changes in the nonalcoholic beverages business environment,
including actions of competitors and changes in consumer preferences,
including changes based on health and nutrition considerations and obesity
concerns; foreign currency and interest rate fluctuations and other capital
and financial market conditions; adoption of mandatory deposit, recycling,
eco-tax and/or product stewardship laws or regulations; adoption of
significant additional labeling or warning requirements; changes in commercial
or market practices and business models within the European Union; litigation
uncertainties; adverse weather conditions; the effectiveness of our
advertising and marketing programs; fluctuations in the cost and availability
of raw materials or necessary services; our ability to avoid production output
disruptions; our ability to effectively align ourselves with our bottling
system; regulatory and legal changes; our ability to penetrate developing and
emerging markets; the availability and quality of water; our ability to
achieve earnings forecasts; and other risks discussed in our Company 's filings
with the Securities and Exchange Commission (SEC), including our Annual Report
on Form 10-K, which filings are available from the SEC.

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Police
arrested hundreds of people during the non -violent demonstration.stopcorporateabuse.

erased wouldn

We think that it is a positive indication that TIAA -CREF has been open on
the issues we have raised, in particular direct investment in community
projects; however, Jaime Lagunez of Frente Civico, adds "We also view each
week that goes by as time wasted without using TIAA-CREF's economic clout to
truly benefit people worldwide.
In Plachimada , people have protested Coke's abuses for more than three
years.
The Decision taken today is based on an Undertaking that The Coca-Cola
Company and its major European bottlers filed with the Commission in October
2004.

wore defying

However, the corporation has tremendous political and economic clout in
the region and around the world, and won a recent court ruling that could pave
the way for Coke to re-open the plant and continue to deplete the local water
supply.
"The people of Plachimada vow to continue their struggle to keep the Coke
plant closed and to ensure their access to water ," explains Polaris Institute
Executive Director Tony Clarke. Through the world's largest beverage distribution system,
consumers in more than 200 countries enjoy the Company's beverages at a rate
exceeding 1 billion servings each day.coca-cola.

payoff shirt

"Our members have witnessed firsthand the attacks on the environment,
health, labor, and human culture perpetrated by irresponsible corporations ,"
says Ballinger.
Activists are contacting Coke by phone, fax and email to show solidarity with
the people from Plachimada calling for the plant's permanent closure, and to
support the local authorities' efforts to defend their right to water. "Our members in the US are joining with community
leaders and allies in India to demand that Coke permanently close its plant in
Plachimada, and then pay back communities for the damage it has caused.

The European Commission Adopts a Commitment Decision Concerning The Coca-Cola Company's Commercial Practices in the European Economic Area

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- - kjjkjk

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