<PAGE>
===========================================================================

                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549
                                 -----------------

                                     FORM S-8
                              REGISTRATION STATEMENT
                                       Under
                            THE SECURITIES ACT OF 1933
                                 -----------------

                          TRICON GLOBAL RESTAURANTS, INC.
              (Exact name of registrant as specified in its charter)

               North Carolina                                13-3951308
        (State or other jurisdiction                      (I.R.S. Employer
      of incorporation or organization)                  Identification No.)

                             1900 Colonel Sanders Lane
                                  P.O. Box 34550
                         Louisville, Kentucky  40232-4550
           (Address of Principal Executive Offices, including Zip Code)
                                 -----------------

                         TRICON GLOBAL RESTAURANTS, INC. 
                   RESTAURANT GENERAL MANAGER STOCK OPTION PLAN
                             (Full title of the plan)
                                ------------------

                            Christian L. Campbell, Esq.
               Senior Vice President, General Counsel and Secretary
                          Tricon Global Restaurants, Inc.
                             1900 Colonel Sanders Lane
                          Louisville, Kentucky 40232-4550
                      (Name and address of agent for service)
                                 -----------------

                                  (502) 874-8300
           (Telephone number, including area code, of agent for service)
                                 -----------------

                          CALCULATION OF REGISTRATION FEE
===============================================================================
<TABLE>
                                        Proposed      Proposed
                                        maximum       maximum
                          Amount        offering      aggregate      Amount of
Title of securities        to be        price per     offering     registration
to be registered        registered      share(1)      price(1)          fee
-------------------------------------------------------------------------------
<S>                      <C>            <C>          <C>              <C>
Common Stock, no par     7,500,000
value ..............      shares        $36.84375    $276,328,125     $81,517
-------------------------------------------------------------------------------
Preferred Stock 
Purchase Rights (2).       None            None          None           None
===============================================================================
</TABLE>

(1)   Estimated solely for the purpose of calculating the registration fee
      pursuant to Rule 457(h)(1), based upon the average of the high and low
      prices of the Common Stock as reported on The New York Stock Exchange
      Composite Tape on September 25, 1998.
(2)   Any value attributable to the Preferred Stock Purchase Rights is
      reflected in the value of the Common Stock.  Because no separate
      consideration is paid for the Preferred Stock Purchase Rights, the
      registration fee for such securities is included in the fee for the
      Common Stock.

===========================================================================
<PAGE>
                                PART II

          INFORMATION REQUIRED IN THE REGISTRATION STATEMENT 

ITEM 3.    INCORPORATION OF DOCUMENTS BY REFERENCE.

     The following documents, which have been filed by Tricon
Global Restaurants, Inc. (the "Registrant") with the Securities
and Exchange Commission pursuant to the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), are incorporated in
this registration statement by reference and made a part hereof:

     1.    The Registrant's annual report on Form 10-K for the
fiscal year ended December 27, 1997.

     2.    The Registrant's quarterly reports on Form 10-Q for the
quarters ended March 21 and June 13, 1998.

     3.    The Registrant's current reports on Form 8-K filed on
April 28, May 13 and August 21, 1998.

     4.    The Registrant's registration statement on Form 10
filed on July 2, 1997, as amended on July 28, August 20, August
21, and August 27, 1997.

     5.    The Registrant's registration statement on Form 8-A
filed on July 31, 1998.

     All documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act after the effective
date of this registration statement and prior to the filing of a
post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities
then remaining unsold shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof
from the date of filing of such documents.  Any statement
contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this
registration statement to the extent that a statement contained
herein modifies or supersedes such statement.  Any such statement
so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration
statement.

ITEM 4.    DESCRIPTION OF SECURITIES.

     Not applicable.

                                 II-1
<PAGE>
ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.

     Christian L. Campbell, Senior Vice President, General
Counsel and Secretary of the Registrant, has rendered an opinion
stating that the shares of Tricon Common Stock registered
hereunder, when issued in accordance with the terms of the Tricon
Global Restaurants, Inc. Restaurant General Manager Stock Option
Plan, will be duly and validly issued, fully paid and
nonassessable.  Mr. Campbell beneficially owns 3,320 shares of
Tricon Common Stock and options to purchase an additional 110,645
shares of Tricon Common Stock.

ITEM 6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS.

     Sections 55-8-50 through 55-8-58 of the North Carolina
Business Corporation Act ("NCBCA") provide as follows:

     Section 55-8-50.  POLICY STATEMENT AND DEFINITIONS.

     (a)   It is the public policy of this State to enable
           corporations organized under this Chapter to attract
           and maintain responsible, qualified directors,
           officers, employees and agents, and, to that end, to
           permit corporations organized under this Chapter to
           allocate the risk of personal liability of directors,
           officers, employees and agents through indemnification
           and insurance as authorized in this Part.

     (b)   Definition of this Part:

           (1)  "Corporation" includes any domestic or foreign
                corporation absorbed in a merger which, if its
                separate existence had continued, would have had
                the obligation or power to indemnify its
                directors, officers, employees, or agents, so that
                a person who would have been entitled to receive
                or request indemnification from such corporation
                if its separate existence had continued shall
                stand in the same position under this Part with
                respect to the surviving corporation.

           (2)  "Director" means an individual who is or was a
                director of a corporation or an individual who,
                while a director of a corporation, is or was
                serving at the corporation's request as a
                director, officer, partner, trustee, employee, or
                agent of another foreign or domestic corporation,
                partnership, joint venture, trust, employee
                benefit plan or other enterprise.  A Director is
                considered to be serving any employee benefit plan
                at the corporation's request if his duties to the
                corporation also impose duties on, or otherwise

                                 II-2
<PAGE>
                involves services by, him to the plan or to
                participants in or beneficiaries of the plan. 
                "Director" includes, unless the context requires
                otherwise, the estate or personal representative
                of a director.

           (3)  "Expenses" means expenses of every kind in
                defending a proceeding, including counsel fees.

           (4)  "Liability" means the obligation to pay a
                judgment, settlement, penalty, fine (including an
                excise tax assessed with respect to an employee
                benefit plan) or reasonable expenses incurred with
                respect to a proceeding.

         (4a)   "Officer," "employee," or "agent" includes, unless
                the context requires otherwise, the estate or
                personal representative of a person who acted in
                that capacity.

           (5)  "Official capacity" means:  (i) when used with
                respect to a director, the office of a director in
                a corporation; and (ii) when used with respect to
                an individual other than a director, as
                contemplated in G.S. 55-8-56, the office in a
                corporation held by the officer or the employment
                or agency relationship undertaken by the employee
                or agent on behalf of the corporation.  "Official
                capacity" does not include service for any other
                foreign or domestic corporation or any
                partnership, joint venture, trust, employee
                benefit plan, or other enterprise.

           (6)  "Party" includes an individual who was, is, or is
                threatened to be made a named defendant or
                respondent in a proceeding.

           (7)  "Proceeding" means any threatened, pending, or
                completed action, suit, or proceeding, whether
                civil, criminal, administrative, or investigative
                and whether formal or informal.

     Section 55-8-51.  AUTHORITY TO INDEMNIFY.

     (a)   Except as provided in subsection (d), a corporation may
           indemnify an individual made a party to a proceeding
           because he is or was a director against liability
           incurred in the proceeding if:

           (1)  He conducted himself in good faith; and


                                 II-3
<PAGE>
           (2)  He reasonably believed (i) in the case of conduct
                in his official capacity with the corporation,
                that his conduct was in its best interests; and
                (ii) in all other cases, that his conduct was at
                least not opposed to its best interest; and

           (3)  In the case of any criminal proceeding, he had no
                reasonable cause to believe his conduct was
                unlawful.

     (b)   A director's conduct with respect to an employee
           benefit plan for a purpose he reasonably believed to be
           in the interests of the participants in and
           beneficiaries of the plan is conduct that satisfied the
           requirement of subsection (a)(2)(ii).

     (c)   The termination of a proceeding by judgment, order,
           settlement, conviction, or upon a plea of no contest or
           its equivalent is not, of itself, determinative that
           the director did not meet the standard of conduct
           described in this section.

     (d)   A corporation may not indemnity a director under this
           section:

           (1)  In connection with a proceeding by or in the right
                of the corporation in which the director was
                adjudged liable to the corporation; or

           (2)  In connection with any other proceeding charging
                improper personal benefit to him, whether or not
                involving action in his official capacity, in
                which he was adjudged liable on the basis that
                personal benefit was improperly received by him.

     (e)   Indemnification permitted under this section in
           connection with a proceeding by or in the right of the
           corporation that is concluded without a final
           adjudication on the issue of liability is limited to
           reasonable expenses incurred in connection with the
           proceeding.

     (f)   The authorization, approval or favorable recommendation
           by the board of directors of a corporation of
           indemnification, as permitted by this section, shall
           not be deemed an act or corporate transaction in which
           a director has a conflict of interest, and no such
           indemnification shall be void or voidable on such
           ground.

                                 II-4
<PAGE>
     Section 55-8-52.  MANDATORY INDEMNIFICATION.

     Unless limited by its articles of incorporation, a
corporation shall indemnify a director who was wholly successful,
on the merits or otherwise, in the defense of any proceeding to
which he was a party because he is or was a director of the
corporation against reasonable expenses incurred by him in
connection with the proceeding.

     Section 55-8-53.  ADVANCE FOR EXPENSES.

     Expenses incurred by a director in defending a proceeding
may be paid by the corporation in advance of the final
disposition of such proceeding as authorized by the board of
directors in the specific case or as authorized or required under
any provision in the articles of incorporation or bylaws or by
any applicable resolution or contract upon receipt of an
undertaking by or on behalf of the director to repay such amount
unless it shall ultimately be determined that he is entitled to
be indemnified by the corporation against such expenses.

     Section 55-8-54.  COURT-ORDERED INDEMNIFICATION.

     Unless a corporation's articles of incorporation provide
otherwise, a director of the corporation who is a party to a
proceeding may apply for indemnification to the court conducting
the proceeding or to another court of competent jurisdiction.  On
receipt of an application, the court after giving any notice the
court considers necessary may order indemnification if it
determines:

           (1)  The director is entitled to mandatory
                indemnification under G.S. 55-8-52, in which case
                the court shall also order the corporation to pay
                the director's reasonable expenses incurred to
                obtain court ordered indemnification; or

           (2)  The director is fairly and reasonably entitled to
                indemnification in view of all the relevant
                circumstances, whether or not he met the standard
                of conduct set forth in G.S. 55-8-51 or was
                adjudged liable as described in G.S. 55-8-51(d),
                but if he was adjudged so liable his
                indemnification is limited to reasonable expenses
                incurred.

     Section 55-8-55.  DETERMINATION AND AUTHORIZATION OF
INDEMNIFICATION.

     (a)   A corporation may not indemnify a director under G.S.
           55-8-51 unless authorized in the specific case after a
           determination has been made that indemnification of the


                                 II-5
<PAGE>
           director is permissible in the circumstances because he
           has met the standard of conduct set forth in G.S.
           55-8-51.

     (b)   The determination shall be made:

           (1)  By the board of directors by majority vote of a
                quorum consisting of directors not at the time
                parties to the proceeding;

           (2)  If a quorum cannot be obtained under subdivision
                (1), by majority vote of a committee duly
                designated by the board of directors (in which
                designation directors who are parties may
                participate), consisting solely of two or more
                directors not at the time parties to the
                proceeding;

           (3)  By special legal counsel (i) selected by the board
                of directors or its committee in the manner
                prescribed in subdivision (1) or (2); or (ii) if a
                quorum of the board of directors cannot be
                obtained under subdivision (1) and a committee
                cannot be designated under subdivision (2),
                selected by majority vote of the full board of
                directors (in which selected directors who are
                parties may participate); or

           (4)  By the shareholders, but shares owned by or voted
                under the control of directors who are at the time
                parties to the proceeding may not be voted on the
                determination.

     (c)   Authorization of indemnification and evaluation as to
           reasonableness of expenses shall be made in the same
           manner as the determination that indemnification is
           permissible, except that if the determination is made
           by special legal counsel, authorization of
           indemnification and evaluation as to reasonableness of
           expenses shall be made by those entitled under
           subsection (b)(3) to select counsel.

     Section 55-8-56.  INDEMNIFICATION OF OFFICERS, EMPLOYEES,
AND AGENTS.

     Unless a corporation's articles of incorporation provide
otherwise:

           (1)  An officer of the corporation is entitled to
                mandatory indemnification under G.S. 55-8-52, and
                is entitled to apply for court-ordered

                                 II-6
<PAGE>
                indemnification under G.S. 55-8-54, in each case
                to the same extent as a director; 

           (2)  The corporation may indemnify and advance expenses
                under this Part to an officer, employee, or agent
                of the corporation to the same extent as to a
                director; and

           (3)  A corporation may also indemnify and advance
                expenses to an officer, employee, or agent who is
                not a director to the extent, consistent with
                public policy, that may be provided by its
                articles of incorporation, bylaws, general or
                specific action of its board of directors, or
                contract.

     Section 55-8-57.  ADDITIONAL INDEMNIFICATION AND INSURANCE.

     (a)   In addition to and separate and apart from the
           indemnification provided for in G.S. 55-8-51, 55-8-52,
           55-8-54, 55-8-55, and 55-8-56, a corporation may in its
           articles of incorporation or bylaws or by contract or
           resolution indemnify or agree to indemnify any one or
           more of its directors, officers, employees, or agents
           against liability and expenses in any proceeding
           (including without limitation a proceeding brought by
           or on behalf of the corporation itself) arising out of
           their status as such or their activities in any of the
           foregoing capacities; provided, however, that a
           corporation may not indemnify or agree to indemnify a
           person against liability or expenses he may incur on
           account of his activities which were at the time taken
           known or believed by him to be clearly in conflict with
           the best interests of the corporation.  A corporation
           may likewise and to the same extent indemnify or agree
           to indemnify any person who, at the request of the
           corporation, is or was serving as a director, officer,
           partner, trustee, employee, or agent of another foreign
           or domestic corporation, partnership, joint venture,
           trust or other enterprise or as a trustee or
           administrator under an employee benefit plan.  Any
           provisions in any articles of incorporation, bylaw,
           contract or resolution permitted under this section may
           include provisions for recovery from the corporation of
           reasonable costs, expenses, and attorneys' fees in
           connection with the enforcement of rights to
           indemnification granted therein and may further include
           provisions establishing reasonable procedures for
           determining and enforcing the rights granted therein.

     (b)   The authorization, adoption, approval, or favorable
           recommendation by the board of directors of a public

                                 II-7
<PAGE>
           corporation of any provision in any articles of
           incorporation, bylaw, contract or resolution, as
           permitted in this section, shall not be deemed an act
           or corporate transaction in which a director has a
           conflict of interest, and no such articles of
           incorporation or bylaw provision or contract or
           resolution shall be void or voidable on such grounds. 
           The authorization, adoption, approval, or favorable
           recommendation by the board of directors of a nonpublic
           corporation of any provision in any articles of
           incorporation, bylaw, contract or resolution, as
           permitted in this section, which occurred prior to July
           1, 1990, shall not be deemed an act or corporate
           transaction in which a director has a conflict of
           interest, and no such articles of incorporation, bylaw
           provision, contract or resolution shall be void or
           voidable on such grounds.  Except as permitted in G.S.
           55-8-31, no such bylaw, contract, or resolution not
           adopted, authorized, approved or ratified by
           shareholders shall be effective as to claims made or
           liabilities asserted against any director prior to its
           adoption, authorization, or approval by the board of
           directors.

     (c)   A corporation may purchase and maintain insurance on
           behalf of an individual who is or was a director,
           officer, employee, or agent of the corporation or who,
           while a director, officer, employee, or agent of the
           corporation, is or was serving at the request of the
           corporation as a director, officer, partner, trustee,
           employee, or agent of another foreign or domestic
           corporation, partnership, joint venture, trust,
           employee benefit plan, or other enterprise, against
           liability asserted against or incurred by him in that
           capacity or arising from his status as a director,
           officer, employee, or agent, whether or not the
           corporation would have power to indemnify him against
           the same liability under any provision of this Chapter.

     Section 55-8-58.  APPLICATION OF PART.

     (a)   If articles of incorporation limit indemnification or
           advance for expenses, indemnification and advance for
           expenses are valid only to the extent consistent with
           the articles.

     (b)   This Part does not limit a corporation's power to pay
           or reimburse expenses incurred by a director in
           connection with his appearance as a witness in a
           proceeding at a time when he has not been made a named
           defendant or respondent to the proceeding.


                                 II-8
<PAGE>
     (c)   This Part shall not affect rights or liabilities
           arising out of acts or omissions occurring before
           July 1, 1990.

     Article Sixth of the Registrant's Restated Articles of
Incorporation (the "Charter") provides that the Registrant shall,
to the fullest extent permitted by law, indemnify its directors
and officers against all liabilities and expenses (including
attorney's fees) in any suit or proceedings, whether civil,
criminal, administrative or investigative, and whether or not
brought by or on behalf of the Registrant, including all appeals
therefrom, arising out of their status as such or their
activities in any of the foregoing capacities, unless the
activities of the person to be indemnified were at the time taken
known or believed by such director or officer to be clearly in
conflict with the best interests of the Registrant.  The Charter
also provides that the Registrant shall indemnify any person who,
at the request of the Registrant, is or was serving as a
director, officer, partner, trustee, employee or agent of another
foreign or domestic corporation, partnership, joint venture,
trust or other enterprise, or as trustee or administrator under
any employee benefit plan.  Indemnification provided under the
Charter shall in each case include advances of a director's or
officer's expenses prior to final disposition of such proceeding
upon receipt of an undertaking to repay such amount unless it
shall ultimately be determined that he or she is entitled to be
indemnified.  The foregoing rights of indemnification under the
Charter are not exclusive of any other rights to which those
seeking indemnification may be entitled and shall not be limited
by the provisions of Sections 55-8-50 through 55-8-58 of the
NCBCA or any successor statute.

     Officers and directors of the Registrant are presently
covered by insurance which (with certain exceptions and within
certain limitations) indemnifies them against any losses arising
from any alleged wrongful act including any alleged error or
misstatement or misleading statement or wrongful act or omission
or neglect of duty.

     The Registrant has entered into indemnity agreements with
each of its directors.  The indemnity agreements generally
indemnify such persons against liabilities arising out of their
service in their capacities as directors, officers, employees or
agents of the Registrant.  The Registrant may from time to time
enter into indemnity agreements with additional individuals who
become officers and/or directors of the Registrant.

ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.

     Not applicable.

                                 II-9
<PAGE>
ITEM 8.    EXHIBITS.

     The following exhibits are filed as part of this
registration statement:

Exhibit
Number          Description of Exhibits
-------         -----------------------

4.1      --     Restated Articles of Incorporation of the
                   Registrant (incorporated herein by reference to
                   Exhibit 3.01 filed with the Registrant's
                   Registration Statement on Form 10 (File No.
                   1-13163) filed under the Securities Exchange
                   Act of 1934)

4.2      --     Bylaws of the Registrant (incorporated herein by
                   reference to Exhibit 3.02 filed with the
                   Registrant's Registration Statement on Form 10
                   (File No. 1-13163) filed under the Securities
                   Exchange Act of 1934)

4.3      --     Rights Agreement, dated as of July 21, 1998,
                   between the Registrant and BankBoston, N.A., as
                   Rights Agent (incorporated herein by reference
                   to Exhibit 4.01 filed with the Registrant's
                   Quarterly Report on Form 10-Q for the quarter
                   ended June 13, 1998)

5.1      --     Opinion and consent of Christian L. Campbell,
                   Senior Vice President, General Counsel and
                   Secretary of the Registrant

23.1     --     Consent of Christian L. Campbell, Senior Vice
                   President, General Counsel and Secretary of the
                   Registrant (included in Exhibit 5.1)

23.2     --     Consent of KPMG Peat Marwick LLP

24.1     --     Powers of attorney 

ITEM 9.  UNDERTAKINGS.

     The undersigned Registrant hereby undertakes:

     (1)   To file, during any period in which offers or sales are
being made, a post-effective amendment to this registration
statement:


                                 II-10
<PAGE>
           (a)  To include any prospectus required by Section
     10(a)(3) of the Securities Act of 1933, as amended (the
     "Act");

           (b)  To reflect in the prospectus any facts or events
     arising after the effective date of the registration
     statement (or the most recent post-effective amendment
     thereof) which, individually or in the aggregate, represent
     a fundamental change in the information set forth in the
     registration statement; and

           (c)  To include any material information with respect
     to the plan of distribution not previously disclosed in the
     registration statement or any material change to such
     information in the registration statement;

provided, however, that the undertakings set forth in paragraphs
(a) and (b) above do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the Registrant pursuant to
Section 13 or 15(d) of the Exchange Act that are incorporated by
reference in this registration statement.

     (2)   That, for the purpose of determining any liability
under the Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

     (3)   To remove from registration by means of a
post-effective amendment any of the securities being registered
which remain unsold at the termination of the offering.

     (4)   That, for purposes of determining any liability under
the Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Exchange Act that is
incorporated by reference in this registration statement shall be
deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof.

     Insofar as indemnification for liabilities arising under the
Act may be permitted to directors, officers and controlling
persons of the Registrant, the Registrant has been advised that
in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the

                                 II-11
<PAGE>
question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final
adjudication of such issue.










                                 II-12
<PAGE>
                              SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933,
the registrant certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in
the City of Louisville, Commonwealth of Kentucky, on the 29th day
of September, 1998.

                                 TRICON GLOBAL RESTAURANTS, INC.



                                 By: /s/ Christian L. Campbell
                                    --------------------------------
                                      Christian L. Campbell
                                      Senior Vice President,
                                      General Counsel and Secretary


      Signature                     Title                    Date
      ---------                     -----                    ----

                         *
Andrall E. Pearson
--------------------------    Chairman of the Board    September 29, 1998
Andrall E. Pearson              and Chief Executive
                                Officer (Principal
                                Executive Officer)        

                         *
David C. Novak
--------------------------    Vice Chairman of the     September 29, 1998
David C. Novak                  Board and President


                         *
Robert C. Lowes
--------------------------    Chief Financial          September 29, 1998
Robert C. Lowes                 Officer (Principal
                                Financial Officer)        


                         *
Robert L. Carleton
--------------------------    Controller (Principal    September 29, 1998
Robert L. Carleton              Accounting Officer)


                         *
D. Ronald Daniel
--------------------------    Director                 September 29, 1998
D. Ronald Daniel

                                       II-13
<PAGE>
      Signature                     Title                    Date
      ---------                     -----                    ----

                         *
James Dimon
--------------------------    Director                 September 29, 1998
James Dimon


                         *
Massimo Ferragamo
--------------------------    Director                 September 29, 1998
Massimo Ferragamo


                         *
Robert Holland, Jr.
--------------------------    Director                 September 29, 1998
Robert Holland, Jr.


                         *
Sidney Kohl
--------------------------    Director                 September 29, 1998
Sidney Kohl


                         *
Kenneth G. Langone
--------------------------    Director                 September 29, 1998
Kenneth G. Langone


                         *
Jackie Trujillo
--------------------------    Director                 September 29, 1998
Jackie Trujillo




--------------------------    Director                 
Robert J. Ulrich


                         *
Jeanette S. Wagner
--------------------------    Director                 September 29, 1998
Jeanette S. Wagner




--------------------------    Director                 
John L. Weinberg



*By: /s/ John P. Daly
    ----------------------
    John P. Daly
    Attorney-in-Fact


                                       II-14
<PAGE>
                           INDEX TO EXHIBITS

Exhibit
Number          Description of Exhibits
-------         -----------------------

4.1      --     Restated Articles of Incorporation of the
                   Registrant (incorporated herein by reference to
                   Exhibit 3.01 filed with the Registrant's
                   Registration Statement on Form 10 (File No.
                   1-13163) filed under the Securities Exchange
                   Act of 1934)

4.2      --     Bylaws of the Registrant (incorporated herein by
                   reference to Exhibit 3.02 filed with the
                   Registrant's Registration Statement on Form 10
                   (File No. 1-13163) filed under the Securities
                   Exchange Act of 1934)

4.3      --     Rights Agreement, dated as of July 21, 1998,
                   between the Registrant and BankBoston, N.A., as
                   Rights Agent (incorporated herein by reference
                   to Exhibit 4.01 filed with the Registrant's
                   Quarterly Report on Form 10-Q for the quarter
                   ended June 13, 1998)

5.1      --     Opinion and consent of Christian L. Campbell,
                   Senior Vice President, General Counsel and
                   Secretary of the Registrant

23.1     --     Consent of Christian L. Campbell, Senior Vice
                   President, General Counsel and Secretary of the
                   Registrant (included in Exhibit 5.1)

23.2     --     Consent of KPMG Peat Marwick LLP

24.1     --     Powers of attorney 





                                 II-15
<PAGE>
Tricon Global Restaurants, Inc.
1900 Colonel Sanders Lane
Louisville, Kentucky  40232-4550

                                                         EXHIBIT 5.1

                                                  September 29, 1998


Tricon Global Restaurants, Inc.
1900 Colonel Sanders Lane
Louisville, Kentucky  40232-4550

Ladies and Gentlemen:

     As Senior Vice President, General Counsel and Secretary of
Tricon Global Restaurants, Inc. ("Tricon"), I have acted as
counsel to Tricon in connection with the Registration Statement
on Form S-8 (the "Registration Statement") being filed today with
the Securities and Exchange Commission in connection with the
registration under the Securities Act of 1933, as amended (the
"Act"), of 7,500,000 shares of Tricon Common Stock pursuant to
the Tricon Global Restaurants, Inc. Restaurant General Manager
Stock Option Plan (the "Plan").

     In connection with the opinion set forth below, I have
examined such records and documents and have made such
investigations of law and fact as I have deemed necessary.

     Based upon the foregoing, it is my opinion that the shares
being registered pursuant to the Registration Statement to which
this opinion is an exhibit, when issued and sold in accordance
with the terms of the Plan, will be legally issued, fully paid
and nonassessable.

     I hereby consent to the filing of this opinion as an exhibit
to the Registration Statement and to the use of my name in the
Registration Statement.  In giving this consent, I do not admit
that I am in the category of persons whose consent is required
under Section 7 of the Act or the rules and regulations of the
Securities and Exchange Commission thereunder.

                                 Very truly yours,



                                 /s/ Christian L. Campbell
                                 -----------------------------------
                                 Christian L. Campbell
                                 Senior Vice President, General 
                                 Counsel and Secretary
<PAGE>
                                                        EXHIBIT 23.2


                    CONSENT OF INDEPENDENT AUDITORS
                    -------------------------------


The Board of Directors
TRICON Global Restaurants, Inc.:

We consent to the use of our audit reports incorporated herein by
reference and to the reference to our firm in the Registration
Statement on Form S-8 pertaining to the TRICON Restaurant General
Manager Stock Option Plan.

Our reports refer to TRICON's adoption of the Financial
Accounting Standards Board's Statement of Financial Accounting
Standards No. 121, "Accounting for the Impairment of Long-Lived
Assets and for Long-Lived Assets to Be Disposed Of" in 1995 and
TRICON's adoption of the Financial Accounting Standards Board's
Statement of Financial Accounting Standards No. 112, "Employers'
Accounting for Postemployment Benefits" and TRICON's change in
the method of calculating the market-related value of pension
plan assets used in the determination of pension expense in 1994.


/s/ KPMG Peat Marwick LLP

Louisville, Kentucky
September 29, 1998
<PAGE>
                           POWER OF ATTORNEY


     KNOW ALL MEN BY THESE PRESENTS, on this 29th day of
September, 1998, the undersigned directors and officers of Tricon
Global Restaurants, Inc. (the "Company") each constitutes and
appoints Christian L. Campbell and John P. Daly, and each of
them, his or her true and lawful attorney-in-fact and agent, with
full power of substitution and re-substitution, for him or her
and in his or her name, place and stead, in any and all
capacities, to sign a Registration Statement on Form S-8 of the
Company relating to the Company's issuance and sale from time to
time of up to 7,500,000 shares of its Common Stock, no par value
per share, pursuant to the Tricon Global Restaurants, Inc.
Restaurant General Manager Stock Option Plan, and any and all
amendments thereto (including post-effective amendments), and to
file the same, with all exhibits thereto, and all other documents
in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and
every act and thing requisite or necessary to be done in and
about the premises, as fully to all intents and purposes as he or
she might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or
their or his substitute or substitutes, may lawfully do or cause
to be done by virtue hereof.

     IN WITNESS WHEREOF, each of the undersigned has subscribed
these presents.



                                 /s/ Andrall E. Pearson
                                 -----------------------------------
                                 Andrall E. Pearson
                                 Chairman of the Board and
                                  Chief Executive Officer
                                  (Principal Executive Officer)



                                 /s/ David C. Novak
                                 -----------------------------------
                                 David C. Novak
                                 Vice Chairman of the Board 
                                  and President



                                 /s/ Robert C. Lowes
                                 ----------------------------------
                                 Robert C. Lowes
                                 Chief Financial Officer
                                  (Principal Financial Officer)


<PAGE>
                                 /s/ Robert L. Carleton
                                 ----------------------------------
                                 Robert L. Carleton
                                 Controller (Principal 
                                  Accounting Officer)



                                 /s/ D. Ronald Daniel
                                 ---------------------------------
                                 D. Ronald Daniel



                                 /s/ James Dimon
                                 ---------------------------------
                                 James Dimon


                                 /s/ Massimo Ferragamo
                                 ---------------------------------
                                 Massimo Ferragamo


                                 /s/ Robert Holland, Jr.
                                 ---------------------------------
                                 Robert Holland, Jr.


                                 /s/ Sidney Kohl
                                 ---------------------------------
                                 Sidney Kohl


                                 /s/ Kenneth G. Langone
                                 ---------------------------------
                                 Kenneth G. Langone


                                 /s/ Jackie Trujillo
                                 ---------------------------------
                                 Jackie Trujillo


                                 ---------------------------------
                                 Robert J. Ulrich


                                 /s/ Jeanette S. Wagner
                                 --------------------------------
                                 Jeanette S. Wagner


                                 --------------------------------
                                 John L. Weinberg
[{"type": "S-8", "sequence": "1", "description": "TRICON GLOBAL RESTAURANTS RGM SOP S-8", "secsgml_size_bytes": 44445}]
{"company-data": {"conformed-name": "TRICON GLOBAL RESTAURANTS INC", "cik": "0001041061", "assigned-sic": "5812", "irs-number": "933951308", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-64547", "film-number": "98717269"}, "business-address": {"street1": "1900 COLONEL SANDERS LANE", "city": "LOUISVILLE", "state": "KY", "zip": "40213", "phone": "5028748300"}, "mail-address": {"street1": "1900 COLONEL SANDERS LANE", "city": "LOUISVILLE", "state": "KY", "zip": "40213"}, "former-company": {"former-conformed-name": "GREAT AMERICAN RESTAURANT CO", "date-changed": "19970618"}}
===========================================================================

                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549
                                 -----------------

                                     FORM S-8
                              REGISTRATION STATEMENT
                                       Under
                            THE SECURITIES ACT OF 1933
                                 -----------------

                          TRICON GLOBAL RESTAURANTS, INC.
              (Exact name of registrant as specified in its charter)

               North Carolina                                13-3951308
        (State or other jurisdiction                      (I.R.S. Employer
      of incorporation or organization)                  Identification No.)

                             1900 Colonel Sanders Lane
                                  P.O. Box 34550
                         Louisville, Kentucky  40232-4550
           (Address of Principal Executive Offices, including Zip Code)
                                 -----------------

                         TRICON GLOBAL RESTAURANTS, INC. 
                   RESTAURANT GENERAL MANAGER STOCK OPTION PLAN
                             (Full title of the plan)
                                ------------------

                            Christian L. Campbell, Esq.
               Senior Vice President, General Counsel and Secretary
                          Tricon Global Restaurants, Inc.
                             1900 Colonel Sanders Lane
                          Louisville, Kentucky 40232-4550
                      (Name and address of agent for service)
                                 -----------------

                                  (502) 874-8300
           (Telephone number, including area code, of agent for service)
                                 -----------------

                          CALCULATION OF REGISTRATION FEE
===============================================================================

                                        Proposed      Proposed
                                        maximum       maximum
                          Amount        offering      aggregate      Amount of
Title of securities        to be        price per     offering     registration
to be registered        registered      share(1)      price(1)          fee
-------------------------------------------------------------------------------
Common Stock, no par     7,500,000
value ..............      shares        $36.84375    $276,328,125     $81,517
-------------------------------------------------------------------------------
Preferred Stock 
Purchase Rights (2).       None            None          None           None
===============================================================================
(1)   Estimated solely for the purpose of calculating the registration fee
      pursuant to Rule 457(h)(1), based upon the average of the high and low
      prices of the Common Stock as reported on The New York Stock Exchange
      Composite Tape on September 25, 1998.
(2)   Any value attributable to the Preferred Stock Purchase Rights is
      reflected in the value of the Common Stock.  Because no separate
      consideration is paid for the Preferred Stock Purchase Rights, the
      registration fee for such securities is included in the fee for the
      Common Stock.

===========================================================================
PART II

          INFORMATION REQUIRED IN THE REGISTRATION STATEMENT 

ITEM 3.    INCORPORATION OF DOCUMENTS BY REFERENCE.

     The following documents, which have been filed by Tricon
Global Restaurants, Inc. (the "Registrant") with the Securities
and Exchange Commission pursuant to the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), are incorporated in
this registration statement by reference and made a part hereof:

     1.    The Registrant's annual report on Form 10-K for the
fiscal year ended December 27, 1997.

     2.    The Registrant's quarterly reports on Form 10-Q for the
quarters ended March 21 and June 13, 1998.

     3.    The Registrant's current reports on Form 8-K filed on
April 28, May 13 and August 21, 1998.

     4.    The Registrant's registration statement on Form 10
filed on July 2, 1997, as amended on July 28, August 20, August
21, and August 27, 1997.

     5.    The Registrant's registration statement on Form 8-A
filed on July 31, 1998.

     All documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act after the effective
date of this registration statement and prior to the filing of a
post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities
then remaining unsold shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof
from the date of filing of such documents.  Any statement
contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this
registration statement to the extent that a statement contained
herein modifies or supersedes such statement.  Any such statement
so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration
statement.

ITEM 4.    DESCRIPTION OF SECURITIES.

     Not applicable.

                                 II-1
ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.

     Christian L. Campbell, Senior Vice President, General
Counsel and Secretary of the Registrant, has rendered an opinion
stating that the shares of Tricon Common Stock registered
hereunder, when issued in accordance with the terms of the Tricon
Global Restaurants, Inc. Restaurant General Manager Stock Option
Plan, will be duly and validly issued, fully paid and
nonassessable.  Mr. Campbell beneficially owns 3,320 shares of
Tricon Common Stock and options to purchase an additional 110,645
shares of Tricon Common Stock.

ITEM 6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS.

     Sections 55-8-50 through 55-8-58 of the North Carolina
Business Corporation Act ("NCBCA") provide as follows:

     Section 55-8-50.  POLICY STATEMENT AND DEFINITIONS.

     (a)   It is the public policy of this State to enable
           corporations organized under this Chapter to attract
           and maintain responsible, qualified directors,
           officers, employees and agents, and, to that end, to
           permit corporations organized under this Chapter to
           allocate the risk of personal liability of directors,
           officers, employees and agents through indemnification
           and insurance as authorized in this Part.

     (b)   Definition of this Part:

           (1)  "Corporation" includes any domestic or foreign
                corporation absorbed in a merger which, if its
                separate existence had continued, would have had
                the obligation or power to indemnify its
                directors, officers, employees, or agents, so that
                a person who would have been entitled to receive
                or request indemnification from such corporation
                if its separate existence had continued shall
                stand in the same position under this Part with
                respect to the surviving corporation.

           (2)  "Director" means an individual who is or was a
                director of a corporation or an individual who,
                while a director of a corporation, is or was
                serving at the corporation's request as a
                director, officer, partner, trustee, employee, or
                agent of another foreign or domestic corporation,
                partnership, joint venture, trust, employee
                benefit plan or other enterprise.  A Director is
                considered to be serving any employee benefit plan
                at the corporation's request if his duties to the
                corporation also impose duties on, or otherwise

                                 II-2
involves services by, him to the plan or to
                participants in or beneficiaries of the plan. 
                "Director" includes, unless the context requires
                otherwise, the estate or personal representative
                of a director.

           (3)  "Expenses" means expenses of every kind in
                defending a proceeding, including counsel fees.

           (4)  "Liability" means the obligation to pay a
                judgment, settlement, penalty, fine (including an
                excise tax assessed with respect to an employee
                benefit plan) or reasonable expenses incurred with
                respect to a proceeding.

         (4a)   "Officer," "employee," or "agent" includes, unless
                the context requires otherwise, the estate or
                personal representative of a person who acted in
                that capacity.

           (5)  "Official capacity" means:  (i) when used with
                respect to a director, the office of a director in
                a corporation; and (ii) when used with respect to
                an individual other than a director, as
                contemplated in G.S. 55-8-56, the office in a
                corporation held by the officer or the employment
                or agency relationship undertaken by the employee
                or agent on behalf of the corporation.  "Official
                capacity" does not include service for any other
                foreign or domestic corporation or any
                partnership, joint venture, trust, employee
                benefit plan, or other enterprise.

           (6)  "Party" includes an individual who was, is, or is
                threatened to be made a named defendant or
                respondent in a proceeding.

           (7)  "Proceeding" means any threatened, pending, or
                completed action, suit, or proceeding, whether
                civil, criminal, administrative, or investigative
                and whether formal or informal.

     Section 55-8-51.  AUTHORITY TO INDEMNIFY.

     (a)   Except as provided in subsection (d), a corporation may
           indemnify an individual made a party to a proceeding
           because he is or was a director against liability
           incurred in the proceeding if:

           (1)  He conducted himself in good faith; and

                                 II-3
(2)  He reasonably believed (i) in the case of conduct
                in his official capacity with the corporation,
                that his conduct was in its best interests; and
                (ii) in all other cases, that his conduct was at
                least not opposed to its best interest; and

           (3)  In the case of any criminal proceeding, he had no
                reasonable cause to believe his conduct was
                unlawful.

     (b)   A director's conduct with respect to an employee
           benefit plan for a purpose he reasonably believed to be
           in the interests of the participants in and
           beneficiaries of the plan is conduct that satisfied the
           requirement of subsection (a)(2)(ii).

     (c)   The termination of a proceeding by judgment, order,
           settlement, conviction, or upon a plea of no contest or
           its equivalent is not, of itself, determinative that
           the director did not meet the standard of conduct
           described in this section.

     (d)   A corporation may not indemnity a director under this
           section:

           (1)  In connection with a proceeding by or in the right
                of the corporation in which the director was
                adjudged liable to the corporation; or

           (2)  In connection with any other proceeding charging
                improper personal benefit to him, whether or not
                involving action in his official capacity, in
                which he was adjudged liable on the basis that
                personal benefit was improperly received by him.

     (e)   Indemnification permitted under this section in
           connection with a proceeding by or in the right of the
           corporation that is concluded without a final
           adjudication on the issue of liability is limited to
           reasonable expenses incurred in connection with the
           proceeding.

     (f)   The authorization, approval or favorable recommendation
           by the board of directors of a corporation of
           indemnification, as permitted by this section, shall
           not be deemed an act or corporate transaction in which
           a director has a conflict of interest, and no such
           indemnification shall be void or voidable on such
           ground.

                                 II-4
Section 55-8-52.  MANDATORY INDEMNIFICATION.

     Unless limited by its articles of incorporation, a
corporation shall indemnify a director who was wholly successful,
on the merits or otherwise, in the defense of any proceeding to
which he was a party because he is or was a director of the
corporation against reasonable expenses incurred by him in
connection with the proceeding.

     Section 55-8-53.  ADVANCE FOR EXPENSES.

     Expenses incurred by a director in defending a proceeding
may be paid by the corporation in advance of the final
disposition of such proceeding as authorized by the board of
directors in the specific case or as authorized or required under
any provision in the articles of incorporation or bylaws or by
any applicable resolution or contract upon receipt of an
undertaking by or on behalf of the director to repay such amount
unless it shall ultimately be determined that he is entitled to
be indemnified by the corporation against such expenses.

     Section 55-8-54.  COURT-ORDERED INDEMNIFICATION.

     Unless a corporation's articles of incorporation provide
otherwise, a director of the corporation who is a party to a
proceeding may apply for indemnification to the court conducting
the proceeding or to another court of competent jurisdiction.  On
receipt of an application, the court after giving any notice the
court considers necessary may order indemnification if it
determines:

           (1)  The director is entitled to mandatory
                indemnification under G.S. 55-8-52, in which case
                the court shall also order the corporation to pay
                the director's reasonable expenses incurred to
                obtain court ordered indemnification; or

           (2)  The director is fairly and reasonably entitled to
                indemnification in view of all the relevant
                circumstances, whether or not he met the standard
                of conduct set forth in G.S. 55-8-51 or was
                adjudged liable as described in G.S. 55-8-51(d),
                but if he was adjudged so liable his
                indemnification is limited to reasonable expenses
                incurred.

     Section 55-8-55.  DETERMINATION AND AUTHORIZATION OF
INDEMNIFICATION.

     (a)   A corporation may not indemnify a director under G.S.
           55-8-51 unless authorized in the specific case after a
           determination has been made that indemnification of the

                                 II-5
director is permissible in the circumstances because he
           has met the standard of conduct set forth in G.S.
           55-8-51.

     (b)   The determination shall be made:

           (1)  By the board of directors by majority vote of a
                quorum consisting of directors not at the time
                parties to the proceeding;

           (2)  If a quorum cannot be obtained under subdivision
                (1), by majority vote of a committee duly
                designated by the board of directors (in which
                designation directors who are parties may
                participate), consisting solely of two or more
                directors not at the time parties to the
                proceeding;

           (3)  By special legal counsel (i) selected by the board
                of directors or its committee in the manner
                prescribed in subdivision (1) or (2); or (ii) if a
                quorum of the board of directors cannot be
                obtained under subdivision (1) and a committee
                cannot be designated under subdivision (2),
                selected by majority vote of the full board of
                directors (in which selected directors who are
                parties may participate); or

           (4)  By the shareholders, but shares owned by or voted
                under the control of directors who are at the time
                parties to the proceeding may not be voted on the
                determination.

     (c)   Authorization of indemnification and evaluation as to
           reasonableness of expenses shall be made in the same
           manner as the determination that indemnification is
           permissible, except that if the determination is made
           by special legal counsel, authorization of
           indemnification and evaluation as to reasonableness of
           expenses shall be made by those entitled under
           subsection (b)(3) to select counsel.

     Section 55-8-56.  INDEMNIFICATION OF OFFICERS, EMPLOYEES,
AND AGENTS.

     Unless a corporation's articles of incorporation provide
otherwise:

           (1)  An officer of the corporation is entitled to
                mandatory indemnification under G.S. 55-8-52, and
                is entitled to apply for court-ordered

                                 II-6
indemnification under G.S. 55-8-54, in each case
                to the same extent as a director; 

           (2)  The corporation may indemnify and advance expenses
                under this Part to an officer, employee, or agent
                of the corporation to the same extent as to a
                director; and

           (3)  A corporation may also indemnify and advance
                expenses to an officer, employee, or agent who is
                not a director to the extent, consistent with
                public policy, that may be provided by its
                articles of incorporation, bylaws, general or
                specific action of its board of directors, or
                contract.

     Section 55-8-57.  ADDITIONAL INDEMNIFICATION AND INSURANCE.

     (a)   In addition to and separate and apart from the
           indemnification provided for in G.S. 55-8-51, 55-8-52,
           55-8-54, 55-8-55, and 55-8-56, a corporation may in its
           articles of incorporation or bylaws or by contract or
           resolution indemnify or agree to indemnify any one or
           more of its directors, officers, employees, or agents
           against liability and expenses in any proceeding
           (including without limitation a proceeding brought by
           or on behalf of the corporation itself) arising out of
           their status as such or their activities in any of the
           foregoing capacities; provided, however, that a
           corporation may not indemnify or agree to indemnify a
           person against liability or expenses he may incur on
           account of his activities which were at the time taken
           known or believed by him to be clearly in conflict with
           the best interests of the corporation.  A corporation
           may likewise and to the same extent indemnify or agree
           to indemnify any person who, at the request of the
           corporation, is or was serving as a director, officer,
           partner, trustee, employee, or agent of another foreign
           or domestic corporation, partnership, joint venture,
           trust or other enterprise or as a trustee or
           administrator under an employee benefit plan.  Any
           provisions in any articles of incorporation, bylaw,
           contract or resolution permitted under this section may
           include provisions for recovery from the corporation of
           reasonable costs, expenses, and attorneys' fees in
           connection with the enforcement of rights to
           indemnification granted therein and may further include
           provisions establishing reasonable procedures for
           determining and enforcing the rights granted therein.

     (b)   The authorization, adoption, approval, or favorable
           recommendation by the board of directors of a public

                                 II-7
corporation of any provision in any articles of
           incorporation, bylaw, contract or resolution, as
           permitted in this section, shall not be deemed an act
           or corporate transaction in which a director has a
           conflict of interest, and no such articles of
           incorporation or bylaw provision or contract or
           resolution shall be void or voidable on such grounds. 
           The authorization, adoption, approval, or favorable
           recommendation by the board of directors of a nonpublic
           corporation of any provision in any articles of
           incorporation, bylaw, contract or resolution, as
           permitted in this section, which occurred prior to July
           1, 1990, shall not be deemed an act or corporate
           transaction in which a director has a conflict of
           interest, and no such articles of incorporation, bylaw
           provision, contract or resolution shall be void or
           voidable on such grounds.  Except as permitted in G.S.
           55-8-31, no such bylaw, contract, or resolution not
           adopted, authorized, approved or ratified by
           shareholders shall be effective as to claims made or
           liabilities asserted against any director prior to its
           adoption, authorization, or approval by the board of
           directors.

     (c)   A corporation may purchase and maintain insurance on
           behalf of an individual who is or was a director,
           officer, employee, or agent of the corporation or who,
           while a director, officer, employee, or agent of the
           corporation, is or was serving at the request of the
           corporation as a director, officer, partner, trustee,
           employee, or agent of another foreign or domestic
           corporation, partnership, joint venture, trust,
           employee benefit plan, or other enterprise, against
           liability asserted against or incurred by him in that
           capacity or arising from his status as a director,
           officer, employee, or agent, whether or not the
           corporation would have power to indemnify him against
           the same liability under any provision of this Chapter.

     Section 55-8-58.  APPLICATION OF PART.

     (a)   If articles of incorporation limit indemnification or
           advance for expenses, indemnification and advance for
           expenses are valid only to the extent consistent with
           the articles.

     (b)   This Part does not limit a corporation's power to pay
           or reimburse expenses incurred by a director in
           connection with his appearance as a witness in a
           proceeding at a time when he has not been made a named
           defendant or respondent to the proceeding.

                                 II-8
(c)   This Part shall not affect rights or liabilities
           arising out of acts or omissions occurring before
           July 1, 1990.

     Article Sixth of the Registrant's Restated Articles of
Incorporation (the "Charter") provides that the Registrant shall,
to the fullest extent permitted by law, indemnify its directors
and officers against all liabilities and expenses (including
attorney's fees) in any suit or proceedings, whether civil,
criminal, administrative or investigative, and whether or not
brought by or on behalf of the Registrant, including all appeals
therefrom, arising out of their status as such or their
activities in any of the foregoing capacities, unless the
activities of the person to be indemnified were at the time taken
known or believed by such director or officer to be clearly in
conflict with the best interests of the Registrant.  The Charter
also provides that the Registrant shall indemnify any person who,
at the request of the Registrant, is or was serving as a
director, officer, partner, trustee, employee or agent of another
foreign or domestic corporation, partnership, joint venture,
trust or other enterprise, or as trustee or administrator under
any employee benefit plan.  Indemnification provided under the
Charter shall in each case include advances of a director's or
officer's expenses prior to final disposition of such proceeding
upon receipt of an undertaking to repay such amount unless it
shall ultimately be determined that he or she is entitled to be
indemnified.  The foregoing rights of indemnification under the
Charter are not exclusive of any other rights to which those
seeking indemnification may be entitled and shall not be limited
by the provisions of Sections 55-8-50 through 55-8-58 of the
NCBCA or any successor statute.

     Officers and directors of the Registrant are presently
covered by insurance which (with certain exceptions and within
certain limitations) indemnifies them against any losses arising
from any alleged wrongful act including any alleged error or
misstatement or misleading statement or wrongful act or omission
or neglect of duty.

     The Registrant has entered into indemnity agreements with
each of its directors.  The indemnity agreements generally
indemnify such persons against liabilities arising out of their
service in their capacities as directors, officers, employees or
agents of the Registrant.  The Registrant may from time to time
enter into indemnity agreements with additional individuals who
become officers and/or directors of the Registrant.

ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.

     Not applicable.

                                 II-9
ITEM 8.    EXHIBITS.

     The following exhibits are filed as part of this
registration statement:

Exhibit
Number          Description of Exhibits
-------         -----------------------

4.1      --     Restated Articles of Incorporation of the
                   Registrant (incorporated herein by reference to
                   Exhibit 3.01 filed with the Registrant's
                   Registration Statement on Form 10 (File No.
                   1-13163) filed under the Securities Exchange
                   Act of 1934)

4.2      --     Bylaws of the Registrant (incorporated herein by
                   reference to Exhibit 3.02 filed with the
                   Registrant's Registration Statement on Form 10
                   (File No. 1-13163) filed under the Securities
                   Exchange Act of 1934)

4.3      --     Rights Agreement, dated as of July 21, 1998,
                   between the Registrant and BankBoston, N.A., as
                   Rights Agent (incorporated herein by reference
                   to Exhibit 4.01 filed with the Registrant's
                   Quarterly Report on Form 10-Q for the quarter
                   ended June 13, 1998)

5.1      --     Opinion and consent of Christian L. Campbell,
                   Senior Vice President, General Counsel and
                   Secretary of the Registrant

23.1     --     Consent of Christian L. Campbell, Senior Vice
                   President, General Counsel and Secretary of the
                   Registrant (included in Exhibit 5.1)

23.2     --     Consent of KPMG Peat Marwick LLP

24.1     --     Powers of attorney 

ITEM 9.  UNDERTAKINGS.

     The undersigned Registrant hereby undertakes:

     (1)   To file, during any period in which offers or sales are
being made, a post-effective amendment to this registration
statement:

                                 II-10
(a)  To include any prospectus required by Section
     10(a)(3) of the Securities Act of 1933, as amended (the
     "Act");

           (b)  To reflect in the prospectus any facts or events
     arising after the effective date of the registration
     statement (or the most recent post-effective amendment
     thereof) which, individually or in the aggregate, represent
     a fundamental change in the information set forth in the
     registration statement; and

           (c)  To include any material information with respect
     to the plan of distribution not previously disclosed in the
     registration statement or any material change to such
     information in the registration statement;

provided, however, that the undertakings set forth in paragraphs
(a) and (b) above do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the Registrant pursuant to
Section 13 or 15(d) of the Exchange Act that are incorporated by
reference in this registration statement.

     (2)   That, for the purpose of determining any liability
under the Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

     (3)   To remove from registration by means of a
post-effective amendment any of the securities being registered
which remain unsold at the termination of the offering.

     (4)   That, for purposes of determining any liability under
the Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Exchange Act that is
incorporated by reference in this registration statement shall be
deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof.

     Insofar as indemnification for liabilities arising under the
Act may be permitted to directors, officers and controlling
persons of the Registrant, the Registrant has been advised that
in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the

                                 II-11
question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final
adjudication of such issue.

                                 II-12
SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933,
the registrant certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in
the City of Louisville, Commonwealth of Kentucky, on the 29th day
of September, 1998.

                                 TRICON GLOBAL RESTAURANTS, INC.

                                 By: /s/ Christian L. Campbell
                                    --------------------------------
                                      Christian L. Campbell
                                      Senior Vice President,
                                      General Counsel and Secretary

      Signature                     Title                    Date
      ---------                     -----                    ----

                         *
Andrall E. Pearson
--------------------------    Chairman of the Board    September 29, 1998
Andrall E. Pearson              and Chief Executive
                                Officer (Principal
                                Executive Officer)        

                         *
David C. Novak
--------------------------    Vice Chairman of the     September 29, 1998
David C. Novak                  Board and President

                         *
Robert C. Lowes
--------------------------    Chief Financial          September 29, 1998
Robert C. Lowes                 Officer (Principal
                                Financial Officer)        

                         *
Robert L. Carleton
--------------------------    Controller (Principal    September 29, 1998
Robert L. Carleton              Accounting Officer)

                         *
D. Ronald Daniel
--------------------------    Director                 September 29, 1998
D. Ronald Daniel

                                       II-13
Signature                     Title                    Date
      ---------                     -----                    ----

                         *
James Dimon
--------------------------    Director                 September 29, 1998
James Dimon

                         *
Massimo Ferragamo
--------------------------    Director                 September 29, 1998
Massimo Ferragamo

                         *
Robert Holland, Jr.
--------------------------    Director                 September 29, 1998
Robert Holland, Jr.

                         *
Sidney Kohl
--------------------------    Director                 September 29, 1998
Sidney Kohl

                         *
Kenneth G. Langone
--------------------------    Director                 September 29, 1998
Kenneth G. Langone

                         *
Jackie Trujillo
--------------------------    Director                 September 29, 1998
Jackie Trujillo

--------------------------    Director                 
Robert J. Ulrich

                         *
Jeanette S. Wagner
--------------------------    Director                 September 29, 1998
Jeanette S. Wagner

--------------------------    Director                 
John L. Weinberg

*By: /s/ John P. Daly
    ----------------------
    John P. Daly
    Attorney-in-Fact

                                       II-14
INDEX TO EXHIBITS

Exhibit
Number          Description of Exhibits
-------         -----------------------

4.1      --     Restated Articles of Incorporation of the
                   Registrant (incorporated herein by reference to
                   Exhibit 3.01 filed with the Registrant's
                   Registration Statement on Form 10 (File No.
                   1-13163) filed under the Securities Exchange
                   Act of 1934)

4.2      --     Bylaws of the Registrant (incorporated herein by
                   reference to Exhibit 3.02 filed with the
                   Registrant's Registration Statement on Form 10
                   (File No. 1-13163) filed under the Securities
                   Exchange Act of 1934)

4.3      --     Rights Agreement, dated as of July 21, 1998,
                   between the Registrant and BankBoston, N.A., as
                   Rights Agent (incorporated herein by reference
                   to Exhibit 4.01 filed with the Registrant's
                   Quarterly Report on Form 10-Q for the quarter
                   ended June 13, 1998)

5.1      --     Opinion and consent of Christian L. Campbell,
                   Senior Vice President, General Counsel and
                   Secretary of the Registrant

23.1     --     Consent of Christian L. Campbell, Senior Vice
                   President, General Counsel and Secretary of the
                   Registrant (included in Exhibit 5.1)

23.2     --     Consent of KPMG Peat Marwick LLP

24.1     --     Powers of attorney 

                                 II-15
Tricon Global Restaurants, Inc.
1900 Colonel Sanders Lane
Louisville, Kentucky  40232-4550

                                                         EXHIBIT 5.1

                                                  September 29, 1998

Tricon Global Restaurants, Inc.
1900 Colonel Sanders Lane
Louisville, Kentucky  40232-4550

Ladies and Gentlemen:

     As Senior Vice President, General Counsel and Secretary of
Tricon Global Restaurants, Inc. ("Tricon"), I have acted as
counsel to Tricon in connection with the Registration Statement
on Form S-8 (the "Registration Statement") being filed today with
the Securities and Exchange Commission in connection with the
registration under the Securities Act of 1933, as amended (the
"Act"), of 7,500,000 shares of Tricon Common Stock pursuant to
the Tricon Global Restaurants, Inc. Restaurant General Manager
Stock Option Plan (the "Plan").

     In connection with the opinion set forth below, I have
examined such records and documents and have made such
investigations of law and fact as I have deemed necessary.

     Based upon the foregoing, it is my opinion that the shares
being registered pursuant to the Registration Statement to which
this opinion is an exhibit, when issued and sold in accordance
with the terms of the Plan, will be legally issued, fully paid
and nonassessable.

     I hereby consent to the filing of this opinion as an exhibit
to the Registration Statement and to the use of my name in the
Registration Statement.  In giving this consent, I do not admit
that I am in the category of persons whose consent is required
under Section 7 of the Act or the rules and regulations of the
Securities and Exchange Commission thereunder.

                                 Very truly yours,

                                 /s/ Christian L. Campbell
                                 -----------------------------------
                                 Christian L. Campbell
                                 Senior Vice President, General 
                                 Counsel and Secretary
EXHIBIT 23.2

                    CONSENT OF INDEPENDENT AUDITORS
                    -------------------------------

The Board of Directors
TRICON Global Restaurants, Inc.:

We consent to the use of our audit reports incorporated herein by
reference and to the reference to our firm in the Registration
Statement on Form S-8 pertaining to the TRICON Restaurant General
Manager Stock Option Plan.

Our reports refer to TRICON's adoption of the Financial
Accounting Standards Board's Statement of Financial Accounting
Standards No. 121, "Accounting for the Impairment of Long-Lived
Assets and for Long-Lived Assets to Be Disposed Of" in 1995 and
TRICON's adoption of the Financial Accounting Standards Board's
Statement of Financial Accounting Standards No. 112, "Employers'
Accounting for Postemployment Benefits" and TRICON's change in
the method of calculating the market-related value of pension
plan assets used in the determination of pension expense in 1994.

/s/ KPMG Peat Marwick LLP

Louisville, Kentucky
September 29, 1998
POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, on this 29th day of
September, 1998, the undersigned directors and officers of Tricon
Global Restaurants, Inc. (the "Company") each constitutes and
appoints Christian L. Campbell and John P. Daly, and each of
them, his or her true and lawful attorney-in-fact and agent, with
full power of substitution and re-substitution, for him or her
and in his or her name, place and stead, in any and all
capacities, to sign a Registration Statement on Form S-8 of the
Company relating to the Company's issuance and sale from time to
time of up to 7,500,000 shares of its Common Stock, no par value
per share, pursuant to the Tricon Global Restaurants, Inc.
Restaurant General Manager Stock Option Plan, and any and all
amendments thereto (including post-effective amendments), and to
file the same, with all exhibits thereto, and all other documents
in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and
every act and thing requisite or necessary to be done in and
about the premises, as fully to all intents and purposes as he or
she might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or
their or his substitute or substitutes, may lawfully do or cause
to be done by virtue hereof.

     IN WITNESS WHEREOF, each of the undersigned has subscribed
these presents.

                                 /s/ Andrall E. Pearson
                                 -----------------------------------
                                 Andrall E. Pearson
                                 Chairman of the Board and
                                  Chief Executive Officer
                                  (Principal Executive Officer)

                                 /s/ David C. Novak
                                 -----------------------------------
                                 David C. Novak
                                 Vice Chairman of the Board 
                                  and President

                                 /s/ Robert C. Lowes
                                 ----------------------------------
                                 Robert C. Lowes
                                 Chief Financial Officer
                                  (Principal Financial Officer)
/s/ Robert L. Carleton
                                 ----------------------------------
                                 Robert L. Carleton
                                 Controller (Principal 
                                  Accounting Officer)

                                 /s/ D. Ronald Daniel
                                 ---------------------------------
                                 D. Ronald Daniel

                                 /s/ James Dimon
                                 ---------------------------------
                                 James Dimon

                                 /s/ Massimo Ferragamo
                                 ---------------------------------
                                 Massimo Ferragamo

                                 /s/ Robert Holland, Jr.
                                 ---------------------------------
                                 Robert Holland, Jr.

                                 /s/ Sidney Kohl
                                 ---------------------------------
                                 Sidney Kohl

                                 /s/ Kenneth G. Langone
                                 ---------------------------------
                                 Kenneth G. Langone

                                 /s/ Jackie Trujillo
                                 ---------------------------------
                                 Jackie Trujillo

                                 ---------------------------------
                                 Robert J. Ulrich

                                 /s/ Jeanette S. Wagner
                                 --------------------------------
                                 Jeanette S. Wagner

                                 --------------------------------
                                 John L. Weinberg