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  <TITLE> DEERFIELD TRIARC CAPITAL CORP. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	October 19, 2007
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  	DEERFIELD TRIARC CAPITAL CORP.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Maryland
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  	1-32551
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  	20-2008622
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	6250 NORTH RIVER ROAD, ROSEMONT, Illinois
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  	60018
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	(773) 380-1600
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.02 Termination of a Material Definitive Agreement.
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  On October 22, 2007, Deerfield Triarc Capital Corp. ("DFR") announced that it is continuing to explore with Triarc Companies, Inc. ("Triarc") revised terms and conditions of the previously announced purchase by DFR of Deerfield & Company LLC ("Deerfield"), a Chicago-based fixed income asset manager of which Triarc owns a controlling interest. DFR is a diversified financial company that is externally managed by a subsidiary of Deerfield. The parties mutually terminated their April 19, 2007 agreement (the "Merger Agreement") on October 19, 2007. The related registration rights agreement dated April 19, 2007 (the "Registration Rights Agreement") terminated automatically upon termination of the Merger Agreement.  A copy of the press release providing an update on DFR&#x2019;s purchase of Deerfield and announcing the termination of the Merger Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.  The terms and conditions of the Merger Agreement and the Registration Rights Agreement are described in more detail in Item 1.01 of DFR&#x2019;s Current Report on Form 8-K filed on April 24, 2007, which is incorporated herein by reference.
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibits<br><br>Exhibit No. and Description<br><br>99.1    Press release issued on October 22, 2007. <br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	DEERFIELD TRIARC CAPITAL CORP.
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  <I>
  	October 25, 2007
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  	By:
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  <I>
  	Frederick L. White
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  <I>
  	Name: Frederick L. White
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  <I>
  	Title: Senior Vice President, General Counsel and Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.1
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  Press release issued on October 22, 2007.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_23387.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11006}]
metadata_filer: {"company-data": {"conformed-name": "Deerfield Triarc Capital Corp", "cik": "0001313918", "assigned-sic": "6798", "irs-number": "202008622", "state-of-incorporation": "MD"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32551", "film-number": "071190570"}, "business-address": {"street1": "6250 NORTH RIVER ROAD", "city": "ROSEMONT", "state": "IL", "zip": "60018", "phone": "773-380-1600"}, "mail-address": {"street1": "6250 NORTH RIVER ROAD", "city": "ROSEMONT", "state": "IL", "zip": "60018"}}
text: DEERFIELD TRIARC CAPITAL CORP. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  October 19, 2007
  DEERFIELD TRIARC CAPITAL CORP.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  1-32551
  20-2008622
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  6250 NORTH RIVER ROAD, ROSEMONT, Illinois
  60018
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (773) 380-1600
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.02 Termination of a Material Definitive Agreement.
  On October 22, 2007, Deerfield Triarc Capital Corp. ("DFR") announced that it is continuing to explore with Triarc Companies, Inc. ("Triarc") revised terms and conditions of the previously announced purchase by DFR of Deerfield & Company LLC ("Deerfield"), a Chicago-based fixed income asset manager of which Triarc owns a controlling interest. DFR is a diversified financial company that is externally managed by a subsidiary of Deerfield. The parties mutually terminated their April 19, 2007 agreement (the "Merger Agreement") on October 19, 2007. The related registration rights agreement dated April 19, 2007 (the "Registration Rights Agreement") terminated automatically upon termination of the Merger Agreement.  A copy of the press release providing an update on DFR's purchase of Deerfield and announcing the termination of the Merger Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.  The terms and conditions of the Merger Agreement and the Registration Rights Agreement are described in more detail in Item 1.01 of DFR's Current Report on Form 8-K filed on April 24, 2007, which is incorporated herein by reference.
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibits
  Exhibit No. and Description
  99.1    Press release issued on October 22, 2007.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  DEERFIELD TRIARC CAPITAL CORP.
  October 25, 2007
  By:
  Frederick L. White
  Name: Frederick L. White
  Title: Senior Vice President, General Counsel and Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press release issued on October 22, 2007.