Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Niccol Brian R
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2015		 3. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [YUM]
(Last)
(First)
(Middle)
1 GLEN BELL WAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO, Taco Bell
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

IRVINE, CA 92618		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,969.49
I
By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock   (1)   (2) Common Stock 16,512.0928 $ (3) D  
Phantom Stock   (1)   (2) Common Stock 17,165.164 $ (3) D  
Stock Appreciation Right 05/20/2015 02/05/2020 Common Stock 61,232 $ 39.64 D  
Stock Appreciation Right 02/04/2012(4) 02/04/2021 Common Stock 40,734 $ 49.3 D  
Stock Appreciation Right 02/06/2014(4) 02/06/2023 Common Stock 37,885 $ 62.93 D  
Stock Appreciation Right 02/08/2013(4) 02/08/2022 Common Stock 33,102 $ 64.44 D  
Stock Appreciation Right 05/15/2018 05/15/2023 Common Stock 36,561 $ 69.92 D  
Stock Appreciation Right 02/05/2015(4) 02/05/2024 Common Stock 41,260 $ 70.54 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Niccol Brian R
1 GLEN BELL WAY
IRVINE, CA 92618		       CEO, Taco Bell  

Signatures

/s/ M. Gayle Hobson, POA 01/02/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Payments are made in accordance with elections on file.
(2) The Program does not have specified expiration dates.
(3) Conversion occurs on a one-for-one basis.
(4) Vesting occurs on a quarterly basis beginning one year from grant date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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