Pepsi Bottling Group (PBG)

Item 7.01 Regulation FD Disclosure.

On November 18, 2008, the Company announced revised full-year 2008 diluted earnings per share and cash flow guidance, as described in the press release furnished hereto as Exhibit 99.1, which is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

The Pepsi Bottling Group, Inc. (the "Company") has entered into an agreement with Dr Pepper Snapple Group, Inc. to manufacture, sell and distribute Crush beverage products in the majority of the Company's bottling territories in the United States. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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.

Exhibit Index

Item 7.01 Regulation FD Disclosure.

The Pepsi Bottling Group, Inc. (the "Company"), together with PepsiCo, Inc. have agreed to jointly acquire a 75.53% stake in Russia's leading branded juice company, JSC Lebedyansky, excluding the company's baby food and mineral water business. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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.

Exhibit Index