Third-quarter 2000 net income per common share was 27 cents, excluding the insurance proceeds.

Constant territory volume declined 1 1/2 percent in both North America and Europe for the third quarter of 2000. Coca-Cola Enterprises today announced third-quarter 2000 cash operating profit(a) was $711 million, and net income applicable to common shareowners was $130 million, or 30 cents per diluted common share. Third-quarter 2000 results include $20 million of insurance recovery related to the 1999 recall of the Company's products in certain European territories. Adjusting for the insurance proceeds, comparable cash operating profit totaled $691 million for the quarter and net income per diluted common share totaled 27 cents. Comparable cash operating profit for the first nine months increased to approximately $1.9 billion, up 5 percent from adjusted 1999 levels. Earnings per diluted common share increased to 49 cents on a year-to-date basis, excluding nonrecurring items.

"The people of Coca-Cola Enterprises have built the strongest distribution system in the industry by focusing on superior marketplace execution, local management authority, and local brand building initiatives," said Summerfield K. Johnston, Jr., chairman and chief executive officer. "These strengths - combined with the renewed local focus of The Coca-Cola Company - will enable us to reinvigorate volume growth and drive increasing levels of profitability."

Operating Results

Third-quarter 2000 net operating revenues increased by 3 percent, excluding the impact of foreign currency translations, to approximately $3.9 billion. For the first nine months of 2000, net operating revenues exceeded $11 billion, an increase of 5 percent on a currency-neutral basis. On a year-to-date basis, North America represented 76 percent of total revenues while Europe represented 24 percent.

"As anticipated, we realized positive results in North American volume in September, reflecting the benefits of a strong promotional calendar and our local market initiatives," said John R. Alm, president and chief operating officer. "In the fourth quarter, we expect these positive results to continue as we leverage the strength of national promotions focused on Sprite and our other core brands. Dasani will also play a key role as we introduce programs to aggressively increase the availability of take-home package sizes in the future consumption channels."

Consolidated physical case bottle and can volume decreased by 1 1/2 percent on a comparable basis for the quarter. Consolidated results consisted of decreases of 1 1/2 percent in both North America and the Company's European territories. Growth in the cold drink channels in North America remained strong in the third quarter with volume up 5 percent versus prior year. Volume growth rates in Belgium and the Netherlands were negatively impacted by third quarter comparisons that included pipeline refill activity that followed the June 1999 product recall. Strong growth continued in France in the third quarter with volume up 7 percent for the quarter and 6 percent on a year-to-date basis.

"We remain encouraged by the overall strength of our business in Europe, despite the issues of currency," Alm said. "Our operations in Belgium, France, and the Netherlands are performing well, generating strong year-to-date volume growth of 7 percent for the first nine months while achieving higher price levels. In Great Britain, we continue to manage through the market challenges created by the impact of the weak euro versus the pound sterling, and continue to expect volume in Great Britain to be higher for the year."

North American bottle and can net revenues per case increased 6 percent in the third quarter as a result of higher supermarket prices and favorable package and channel mix shifts. Consolidated bottle and can net revenues per case increased 5 percent on a currency-neutral basis. Total Company bottle and can cost of sales per case increased 4 percent for the quarter, excluding currency translation.

Operating income totaled $375 million for third-quarter 2000 and $919 million for the first nine months, excluding nonrecurring items. These results include $42 million or 6 cents per share for the third quarter and $118 million or 17 cents per share for the first nine months which relate to revisions in depreciable lives of certain equipment categories adopted earlier this year. Excluding the impact of these revisions as well as 1999 and 2000 nonrecurring items, operating income would have declined 2 percent for the quarter and increased 3 percent for the first nine months of 2000.

Full-Year 2000 Outlook

Based on the current outlook for volume and currency exchange rates, the Company continues to project full-year cash operating profit results of approximately $2.4 billion and net income per common share of approximately 50 cents.

Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Coca-Cola Enterprises sells approximately 74 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands.

(a) Cash operating profit is defined as earnings before deducting
interest, taxes, depreciation, amortization, and other nonoperating
items.

Coca-Cola Enterprises Inc.
KEY OPERATING INFORMATION

Reported Comparable
Third-Quarter 2000 Change Change (a)
------------------ -------- -------------

Cash Operating Profit - Consolidated 5 % 2 %

Physical Case Bottle and Can Volume

Consolidated (1 1/2)% (1 1/2)%

North America (1 1/2)% (1 1/2)%

Europe (1)% (1 1/2)%

Fountain Gallon Volume 1/2 % Flat

Net Revenues Per Case (Bottle and Can) 2 1/2% 2 1/2%

Cost of Sales Per Case (Bottle and Can) 1 1/2% 1 1/2%


Reported Comparable
Nine-Months 2000 Change Change (a)
---------------- -------- -------------

Cash Operating Profit - Consolidated 12 % 5 %

Physical Case Bottle and Can Volume

Consolidated Flat Flat

North America (2)% (1 1/2)%

Europe 5 1/2% 4 1/2%

Fountain Gallon Volume 1 1/2% 1 1/2%

Net Revenues Per Case (Bottle and Can) 3 % 3 %

Cost of Sales Per Case (Bottle and Can) 1/2 % 2 %

(a) To determine comparable results, financial results exclude
nonrecurring items, and 1999 volume results have been adjusted to
include the same number of fiscal days as 2000.



COCA-COLA ENTERPRISES INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; In Millions Except Per Share Data)

Third Quarter
-------------------------------
2000 (a) 1999 Change
-------- -------- -------
Net Operating Revenues $ 3,868 $ 3,831 1 %
Cost of Sales 2,368 2,360 -
-------- --------
Gross Profit 1,500 1,471 2 %
Selling, Delivery, and
Administrative Expenses 1,105 1,130 (2)%
-------- --------
Operating Income 395 341 16 %
Interest Expense, Net 197 186 6 %
-------- --------
Income Before Income Taxes 198 155
Income Tax Expense 67 51
-------- --------
Net Income 131 104
Preferred Stock Dividends 1 1
-------- --------
Net Income Applicable to
Common Shareowners $ 130 $ 103
======== ========
Basic Average Common Shares
Outstanding 418 426
======== ========
Basic Net Income Per Share
Applicable to Common
Shareowners (b) $ 0.31 $ 0.24
======== ========
Diluted Average Common Shares
Outstanding 427 437
======== ========
Diluted Net Income Per Share
Applicable to Common
Shareowners (b) $ 0.30 $ 0.24
======== ========
Cash Operating Profit Data:
Operating Income $ 395 $ 341 16 %
Depreciation 203 226 (10)%
Amortization 113 113 -
-------- --------
Cash Operating Profit $ 711 $ 680 5 %
======== ========

(a) 2000 results include insurance proceeds of $20 million related
to the 1999 product recall.

(b) Per share data calculated prior to rounding to millions.


COCA-COLA ENTERPRISES INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; In Millions Except Per Share Data)

Nine Months
-------------------------------
2000 (a) 1999 (a) Change
-------- -------- -------
Net Operating Revenues $ 11,189 $ 10,897 3 %
Cost of Sales 6,863 6,836 -
-------- --------
Gross Profit 4,326 4,061 7 %
Selling, Delivery, and
Administrative Expenses 3,399 3,388 -
-------- --------
Operating Income 927 673 38 %
Interest Expense, Net 593 559 6 %
-------- --------
Income Before Income Taxes 334 114
Income Tax Expense 113 37
-------- --------
Net Income 221 77
Preferred Stock Dividends 3 3
-------- --------
Net Income Applicable to
Common Shareowners $ 218 $ 74
======== ========
Basic Average Common Shares
Outstanding 419 425
======== ========
Basic Net Income Per
Share Applicable to Common
Shareowners (b) $ 0.52 $ 0.18
======== ========
Diluted Average Common Shares
Outstanding 429 436
======== ========
Diluted Net Income Per
Share Applicable to Common
Shareowners (b) $ 0.51 $ 0.17
======== ========

Cash Operating Profit Data:
Operating Income $ 927 $ 673 38 %
Depreciation 603 663 (9)%
Amortization 340 335 1 %
-------- --------
Cash Operating Profit $ 1,870 $ 1,671 12 %
======== ========

(a) 2000 results include a nonrecurring charge of $12 million
related to Great Britain, and insurance proceeds of $20 million
related to the 1999 product recall in Europe. 1999 results include
nonrecurring product recall costs of $103 million.

(b) Per share data calculated prior to rounding to millions.


COCA-COLA ENTERPRISES INC.
PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS
(In Millions)


September 29, December 31,
2000 1999
-------- --------
(Unaudited)
ASSETS
Current
Cash and cash investments $ 165 $ 141
Trade accounts receivable,
net 1,364 1,347
Inventories 654 669
Prepaid expenses and other
current assets 545 424
-------- --------
Total Current Assets 2,728 2,581

Net Property, Plant, and Equipment 5,572 5,594

Franchises and Other Noncurrent
Assets, Net 13,955 14,555
-------- --------
$ 22,255 $ 22,730
======== ========


LIABILITIES AND SHAREOWNERS' EQUITY
Current
Accounts payable and accrued
expenses $ 2,146 $ 2,389
Current portion of long-term debt 1,401 1,225
-------- --------
Total Current Liabilities 3,547 3,614

Long-Term Debt, Less Current Maturities 9,924 10,153

Retirement and Insurance Programs
And Other Long-Term Obligations 1,053 1,088

Long-Term Deferred Income Tax
Liabilities 4,846 4,951

Shareowners' Equity 2,885 2,924
-------- --------

$ 22,255 $ 22,730
======== ========