EXHIBIT 99
                               WHITMAN CORPORATION
                  1998 PRO FORMA SELECTED FINANCIAL INFORMATION
               (UNAUDITED AND IN MILLIONS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>

                                                                               Pro Forma 1998 (1)
                                               ---------------------------------------------------------------------------------
                                               1st Quarter      2nd Quarter       3rd Quarter      4th Quarter        Full Year
                                               -----------      -----------       -----------      -----------       -----------
<S>                                            <C>              <C>               <C>              <C>               <C>
Sales:
     Domestic (3)                              $     433.6      $     506.1       $     612.4      $     487.2       $   2,039.3
     International (3)                                44.0             74.0              73.7             48.6             240.3
                                               -----------      -----------       -----------      -----------       -----------
     Total (3)                                 $     477.6      $     580.1       $     686.1      $     535.8       $   2,279.6
                                               ===========      ===========       ===========      ===========       ===========
Operating income:
     Domestic                                  $      50.8      $      74.4       $      99.0      $      56.7       $     280.9
     International                                   (18.8)            (8.9)             (3.3)           (11.3)            (42.3)
     Amortization expense                              9.8              9.8               9.8              9.7              39.1
                                               -----------      -----------       -----------      -----------       -----------
     Total                                            22.2             55.7              85.9             35.7             199.5
     PepsiCo overhead charges, net (4)                (2.8)            (2.8)             (3.4)            (2.8)            (11.8)
                                               -----------      -----------       -----------      -----------       -----------
     Total                                     $      19.4      $      52.9       $      82.5      $      32.9       $     187.7
                                               ===========      ===========       ===========      ===========       ===========
Income from continuing operations (3)          $       1.3      $      12.4       $      19.5      $       3.3       $      36.5
                                               ===========      ===========       ===========      ===========       ===========
Income per share - basic (3)                   $      0.01      $      0.09       $      0.14      $      0.02       $      0.26
                                               ===========       ==========       ===========      ===========       ===========
Income per share - diluted (3)                 $      0.01      $      0.09       $      0.14      $      0.02       $      0.26
                                               ===========      ===========       ===========      ===========       ===========
EBITDA (2):
     Domestic                                  $      66.4      $      89.4       $     118.2      $      81.1       $     355.1
     International                                    (8.2)             1.0               4.2             (2.3)             (5.3)
                                               -----------      -----------       -----------      -----------       -----------
     Total                                            58.2             90.4             122.4             78.8             349.8
     PepsiCo overhead charges, net (4)                (2.8)            (2.8)             (3.4)            (2.8)            (11.8)
                                               -----------      -----------       -----------      -----------       -----------
     Total                                     $      55.4      $      87.6       $     119.0      $      76.0       $     338.0
                                               ===========      ===========       ===========      ===========       ===========

</TABLE>


See notes accompanying this selected financial information.


<PAGE>


Notes to Pro Forma Selected Financial Information:

(1)   The unaudited pro forma selected financial  information  contained in this
      exhibit should be read in conjunction  with the Company's Annual Report on
      Form  10-K/A  for the  fiscal  year  ended  January  2,  1999,  the  proxy
      statement/prospectus  dated April 19, 1999,  and the  Company's  Quarterly
      Reports  on Form  10-Q for the  quarters  ended  April 3, 1999 and July 3,
      1999. This pro forma selected  financial  information  gives effect to the
      following  transactions assuming they occurred at the beginning of Whitman
      Corporation's 1998 fiscal year:

       -   The March,  1999,  sales by Pepsi General of its bottling  operations
           and  the   respective   assets  and   liabilities  of  the  franchise
           territories located in Marion,  Virginia;  Princeton,  West Virginia;
           and the St. Petersburg area of Russia to PepsiCo and removal of their
           respective 1998 operating results.

       -   The  May,  1999,  acquisitions  of  the  domestic  and  international
           territories  from PepsiCo and the inclusion of their  respective 1998
           operating results, including amortization of goodwill associated with
           the purchase.

       -   The  recognition of interest and debt issuance costs  associated with
           debt incurred in the  acquisition  of the domestic and  international
           territories from PepsiCo.  This pro forma  presentation  also assumes
           that debt,  together  with  related  interest,  was  incurred for the
           repurchase of 16 million shares of Whitman  Corporation common stock,
           which was part of the PepsiCo transaction.

       -   The  elimination  of  interest  expense  allocated  to  the  acquired
           territories by PepsiCo on debt that was not assumed by Whitman.

       -   The  elimination of corporate  charges  previously paid to PepsiCo by
           Pepsi General prior to the transaction.

       -   The elimination of PepsiCo's 20% minority interest in Pepsi General.

       -   The acquisition of the acquired territories from PepsiCo is accounted
           for under the purchase method.  Pro forma earnings per share is based
           upon an assumed 139.1 million shares outstanding after completing all
           transactions.

(2)    EBITDA is defined as income before income taxes plus the sum of interest,
       depreciation and  amortization.  Information  concerning  EBITDA has been
       presented  because it is  expected to be used by certain  investors  as a
       measure of operating  performance and a measure of the ability to service
       potential debt. EBITDA is not required by Generally  Accepted  Accounting
       Principles  ("GAAP")  and,  accordingly,  should  not  be  considered  an
       alternative to income from continuing  operations or any other measure of
       performance  required by GAAP.  Additionally,  it should not be used as a
       measure of cash flow or liquidity under GAAP.

(3)    Pro forma financial  information for the fiscal year 1998 was included in
       the  Company's  Annual  Report on Form  10-K/A for the fiscal  year ended
       January  2, 1999 and in the proxy  statement/prospectus  dated  April 19,
       1999.  Based on certain  events that have  occurred in 1999,  there is an
       impact on the  comparability  of the previous pro forma  results for 1998
       when compared to 1999.  These events  include:  a change in the Company's
       reporting  calendar to a 52/53 week  fiscal  year ending on the  Saturday
       closest to December 31; certain differences in account classifications in
       the  1999  current  year's  presentation;   the  discontinuation  of  the
       management  fee  allocation by PepsiCo to the acquired  territories;  the
       payment by Whitman  of fees to  PepsiCo,  or its  designee,  for  support
       services related to the acquired  domestic  territories;  and a change in
       the  effective  tax rate  reflecting  tax  benefits  associated  with the
       foreign  losses.  The  impact of the  change in the  Company's  reporting
       calendar  has only  been  reflected  in sales,  while no change  has been
       reflected in income from  continuing  operations  or income per share for
       the  calendar  change.  The impact had these  events  occurred  effective
       January  1,  1998  would  result  in the  following  pro  forma  selected
       financial information for 1998:
<TABLE>
<CAPTION>

                                                                                  Pro Forma 1998
                                                     ---------------------------------------------------------------------------
                                                     1st Quarter     2nd Quarter     3rd Quarter     4th Quarter      Full Year
                                                     -----------     -----------     -----------     -----------     -----------
       <S>                                           <C>             <C>             <C>             <C>             <C>
       Sales:

       Domestic                                      $     447.3     $     548.2     $     610.8     $     476.0     $   2,082.3
       International                                        44.0            74.0            74.6            49.7           242.3
                                                     -----------     -----------     -----------     -----------     -----------
       Total                                         $     491.3     $     622.2     $     685.4     $     525.7     $   2,324.6
                                                     ===========     ===========     ===========     ===========     ===========
       Income from continuing operations             $       3.5     $      21.2     $      32.9     $       6.8     $      64.4
                                                     ===========     ===========     ===========     ===========     ===========
       Income per share - basic                      $      0.03     $      0.15     $      0.24     $      0.05     $      0.46
                                                     ===========     ===========     ===========     ===========     ===========
       Income per share - diluted                    $      0.02     $      0.15     $      0.23     $      0.05     $      0.46
                                                     ===========     ===========     ===========     ===========     ===========
</TABLE>

(4)    PepsiCo  overhead  charges,  net,  represent the PepsiCo overhead charges
       originally allocated to the acquired U.S. and international  territories,
       offset by costs for support  services  incurred by New Whitman related to
       the acquired U.S.
       territories.