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) July 12, 2004

                             TRIARC COMPANIES, INC.
             (Exact name of registrant as specified in its charter)

        DELAWARE                   1-2207                  38-0471180
    -----------------           --------------            --------------
    (State or other              (Commission            (I.R.S. Employer
     jurisdiction of              File No.)             Identification No.)

     280 Park Avenue
     New York, NY                                         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 9.  Regulation FD Disclosure.
     The information in this Report is being furnished,  not filed,  pursuant to
Regulation  FD. The  information  in this Report  shall not be  incorporated  by
reference  into any  registration  statement  pursuant to the  Securities Act of
1933,  as  amended.  The  furnishing  of the  information  in this Report is not
intended to, and does not,  constitute  a  determination  or admission  that the
information in this Report is material,  or that investors  should consider this
information before making an investment decision with respect to any security of
Triarc Companies, Inc. ("Triarc").

     On July 12, 2004, Triarc Deerfield  Investment  Corporation  ("TDIC") filed
Pre-Effective  Amendment  No.  2  to  registration  statement  on  Form  N-2  in
connection with the proposed  public offering of common stock (the  "Offering").
In the registration  statement,  TDIC has disclosed that it will not pay a sales
load in connection with the Offering.  Instead,  TDIC's investment manager,  TDM
Advisors LLC ("TDM"), a joint venture recently created by Triarc and Deerfield &
Co. LLC ("Deerfield"), has agreed to pay a one-time fee to the underwriters upon
the closing of the Offering  equal to 4.75% of the  offering  price or $0.95 per
share ($23,750,000,  based on an offering of 25,000,000 shares or $27,312,500 if
the  underwriters'  over-allotment  option is exercised in full) as underwriting
compensation.  TDIC  also  disclosed  that TDM has  agreed  to pay the  expenses
incurred by it in connection with the proposed  Offering,  which it estimates to
be  approximately  $1,670,125,   and  its  organizational  expenses  (which  are
non-recurring), which it estimates to be approximately $250,000.

     TDM will borrow the funds to make the foregoing  payments from Triarc,  and
will be obligated to repay Triarc over a six year period.  TDM currently expects
to obtain  the funds to repay  the loan from the  management  fees paid to it by

     If the Offering is completed  and TDM pays the foregoing  expenses,  Triarc
expects to record a pre-tax expense for accounting  purposes equal to the amount
paid by TDM for such underwriting  compensation and offering and  organizational
expenses.  The Offering is currently  expected to close  during  Triarc's  third
quarter  and such  expense  would be  recorded  at such  time.  If the  proposed
Offering by TDIC is not completed,  the foregoing  payments will not be made and
such expense will not be recorded.

     A  registration  statement  relating to the securities to be issued by TDIC
has been filed  with the  Securities  and  Exchange  Commission  but has not yet
become  effective  and is not yet  complete  and is  subject  to  change.  These
securities  may not be sold nor may offers to buy be accepted  prior to the time
the registration statement becomes effective. This Current Report on Form 8-K is
not an offer to sell or the  solicitation  of an offer to buy nor there shall be
any sale of these  securities in any State in which such offer,  solicitation or
sale  would be  unlawful  prior  to  registration  or  qualification  under  the
securities  laws of any such State.  Investors  should  consider the  investment
objectives, risks, charges and expenses of TDIC carefully before investing. This
and other  information about TDIC will be contained in a prospectus which may be
obtained,  once  available,  from TDIC. The prospectus  should be read carefully
before investing.


     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.

                                             By:FRANCIS T. MCCARRON
                                                Francis T. McCarron
                                                Senior Vice President
                                                and Chief Financial Officer

Date:  July 12, 2004

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