Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PEPSICO INC
   2. Issuer Name and Ticker or Trading Symbol
PEPSIAMERICAS INC/IL/ [PAS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
700 ANDERSON HILL ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
01/02/2008
(Street)

PURCHASE, NY 10577		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $0.01 01/02/2008   S(1)   1,000 D $ 32.99 36,682,624 I (1) Through Pepsi-Cola Metropolitan Bottling Company, Inc. (2)
Common Stock, Par Value $0.01 01/02/2008   S   600 D $ 33 36,682,024 I Through Pepsi-Cola Metropolitan Bottling Company, Inc.
Common Stock, Par Value $0.01 01/02/2008   S   900 D $ 33.01 36,681,124 I Through Pepsi-Cola Metropolitan Bottling Company, Inc.
Common Stock, Par Value $0.01 01/02/2008   S   300 D $ 33.04 36,680,824 I Through Pepsi-Cola Metropolitan Bottling Company, Inc.
Common Stock, Par Value $0.01               20,550,046 I See Footnote (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PEPSICO INC
700 ANDERSON HILL ROAD
PURCHASE, NY 10577		     X    
Pepsi-Cola Metropolitan Bottling Company, Inc.
700 ANDERSON HILL ROAD
PURCHASE, NY 10577		     X    

Signatures

 /s/ Thomas H. Tamoney, Jr.   01/04/2008
**Signature of Reporting Person Date
 Thomas H. Tamoney, Jr.   01/04/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) All sales listed on this Form 4 for January 2, 2008 reflect sales by Pepsi-Cola Metropolitan Bottling Company, Inc. ("Metro"), a wholly-owned subsidiary of PepsiCo, Inc. ("PepsiCo").
(2) See further explanation under Remarks section.
(3) Shares beneficially owned by PepsiCo, through other wholly owned subsidiaries not including Metro.
 
Remarks:
Form 3 of 3 dated January 4, 2008.

PepsiCo, Inc. ("PepsiCo) owned the common stock ("Common Stock") of PepsiAmericas, Inc. reported on this Form 4 as being sold through Pepsi-Cola Metropolitan Bottling Company, Inc. ("Metro").  All shares of Common Stock currently beneficially owned by PepsiCo have been beneficially owned by PepsiCo since December 29, 2000, as reflected in the Form 3 (the "PepsiCo Form 3") filed with the Securities and Exchange Commission (the "SEC") on January 5, 2001.  Except for the transactions reported in this Form 4, PepsiCo's beneficial ownership of such shares of Common Stock has not changed since December 29, 2000 (excluding changes in form of beneficial ownership within the meaning of rule 16a-13 under the Securities Exchange Act of 1934, as amended), and there have been no transactions in such shares of Common Stock outside of PepsiCo and its wholly-owned subsidiaries since December 29, 2000, other than transactions incident to the redemption of membership interests in Dakota Holdings, LLC (the "LLC") pursuant to a redemption agreement dated November 27, 2002 among the LLC, PepsiCo, Metro and certain other parties, pursuant to which PepsiCo's wholly-owned subsidiaries acquired direct beneficial ownership of 2,469,755 shares of Common Stock previously beneficially owned by them indirectly through the LLC and previously reported on the PepsiCo Form 3, as described in Amendment No. 2 to Schedule 13D filed with the SEC on December 3, 2002 by the LLC, Pohlad Companies and PepsiCo with respect to their beneficial ownership of shares of Common Stock.

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