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)

July 16, 2008

Commission file number 1-13163

______________

YUM! BRANDS, INC.
(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code:   (502) 874-8300


Former name or former address, if changed since last report:    N/A

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))

Section 2 – Financial Information

Item 2.02                 Results of Operations and Financial Condition

On July 16, 2008, YUM! Brands, Inc. issued a press release announcing financial results for the quarter ended June 14, 2008. In this press release, YUM! Brands, Inc. increased their 2008 EPS guidance.  A copy of the press release is attached hereto as Exhibit 99.1.

Section 8 – Other Events

Item 8.01                Other Events

On July 16, 2008, YUM! Brands, Inc. updated its full year 2008 guidance. A copy of the guidance is attached hereto as Exhibit 99.2.

Section 9 – Financial Statements and Exhibits

Item 9.01               Financial Statements and Exhibits

(c)            Exhibits

99.1          Press Release dated July 16, 2008 from YUM! Brands, Inc.

99.2          Guidance update dated July 16, 2008 from YUM! Brands, Inc.

SIGNATURE

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.