"Americans from New York and Louisiana to Washington and California are passionate about baseball and pancakes. As we celebrate our 50th birthday, we are bringing together the ultimate treat for our guests who love both IHOP pancakes and their local Minor League Baseball team," said Carolyn O'Keefe, IHOP's senior vice president, marketing.

IHOP baseball cards featuring all nine new pancake flavors will be distributed to fans at the games with a coupon for a "buy one, get one free" Discover America combo meal. Additionally the Most Valuable Pancake (MVP) mascot will entertain the crowd, give away t-shirts, and organize games. The first wave of the Discover America Road Tour will stop in Jacksonville, Fla., Charleston, S.C., Charlotte and Durham, N.C., Norfolk and Richmond, Va., Trenton, N.J., Pawtucket, R.I. and Toledo, Ohio.

For those IHOP fans who can't make it to the games, IHOP's 50th birthday celebration continues at www.ihop.com with the Discover America Sweepstakes where beginning June 2 fans and guests can vote for the "most valuable" pancake flavor or play state-themed trivia for a chance to win prizes. Three (3) grand prize winners will receive a weekend trip for two to New York, Los Angeles or Chicago. Additional prizes include $50 IHOP gift cards and baseball memorabilia contributed by participating Minor League Baseball clubs. The sweepstakes starts June 2, 2008 at 12:01 a.m. ET and ends September 7, 2008 at 11:59 p.m. ET. To enter the sweepstakes and view the complete rules, visit www.ihop.com. The site will also be continually updated with tour highlights as the RV makes its way across the country.

For more information about the Discover America Road Tour -- including a complete list of cities and tour dates and descriptions of new pancake flavors -- or to find an IHOP restaurant near you, visit www.ihop.com.

ABOUT MINOR LEAGUE BASEBALL

Minor League Baseball is the governing body for all professional baseball teams in the United States, Canada and the Caribbean that are affiliated with Major League Baseball through their farm systems. The Minor League Baseball Office is involved in business phases and represents its member leagues and teams in negotiations with Major League Baseball. Through its subsidiaries, Professional Baseball Promotion Corp.; Professional Baseball Employment Opportunities (PBEO); and Professional Baseball Umpire Corp. (PBUC), it works in the areas of marketing, promotions, licensing, legal affairs, office employment recruitment and the training and evaluation of umpires.

For more information about Minor League Baseball, visit http://www.minorleaguebaseball.com.

ABOUT IHOP

For 50 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. The first IHOP opened in Toluca Lake, Calif. in 1958, and as of March 31, 2008, there were 1,353 IHOPs in 49 states, the U.S. Virgin Islands, Canada and Mexico. IHOP restaurants are franchised and operated by Glendale, Calif.-based IHOP, a subsidiary of IHOP Corp. (NYSE: IHP).

Contacts:

Jennifer Pendergrass
IHOP
818-637-3603

Heather Walsh
Manning Selvage & Lee
323-866-6050

SOURCE: IHOP

"Having sold millions of pancakes over the years, we know that Americans are wild about this classic breakfast treat. To celebrate our 50th birthday, we are offering scrumptious new Americana-themed pancake flavors that commemorate our proud heritage, and allow our guests across the country to celebrate with us," said Carolyn O'Keefe, IHOP's senior vice president, marketing.

Nine New Pancake Flavors Inspired by State Treats

The nine new pancake flavors coming to IHOP this summer were each inspired by some of the country's best-loved geographical treats. Tour 1, available in restaurants June 2 through June 29, boasts a line up that includes three new delicious offerings:

--  California Strawberry: Two buttermilk pancakes topped with cool
    strawberries in glaze, cream cheese icing and whipped topping;
--  Kansas Carrot Cake: Two oatmeal spice pancakes filled with diced
    Granny Smith apples, raisins, carrots, coconut, crunchy walnuts and topped
    with whipped butter and cream cheese icing;
--  Maine Blueberry: Two buttermilk pancakes filled with fresh
    blueberries, topped with whipped butter and a dusting of powdered sugar.

Tour 2 will run from June 30 through July 27 and features three new pancake flavors to tempt taste buds, including straight-talkin' New York Cheesecake, sweet-southern Georgia Praline Peach Streusel, and All-American Red, White & Blueberry.

Tour 3, which runs from July 28 through Sept. 7, will feature traditional Washington Apple Crisp, refreshing Oregon Mixed Berry and tantalizing Louisiana Bananas Foster.

Each Discover America combo starts at $4.99 and includes the guest's choice of the same two Discover America pancakes, two eggs any style and crispy hash browns, and for just a little more guests can add their favorite breakfast meat, including pork sausage links, hickory smoked bacon or ham. Pricing may vary by location. Discover America pancakes, along with all IHOP menu items, are available for takeout any time of day with IHOP 'n Go.

For more information about the Discover America state-themed pancake flavors, to enter the Discover America Sweepstakes, or to find an IHOP restaurant near you, visit www.ihop.com.

ABOUT IHOP

For 50 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. The first IHOP opened in Toluca Lake, Calif. in 1958, and as of March 31, 2008, there were 1,353 IHOPs in 49 states, the U.S. Virgin Islands, Canada and Mexico. IHOP restaurants are franchised and operated by Glendale, Calif.-based IHOP, a subsidiary of DineEquity, Inc. (NYSE: DIN).

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=769318

Contacts:

Jennifer Pendergrass
IHOP
818-637-3603

Heather Walsh
Manning Selvage & Lee
323-866-6050

SOURCE: IHOP

"We are excited to have a financial professional of Michael's caliber join the IHOP brand," said Tom Conforti, IHOP Corp.'s chief financial officer. "His experience and leadership skills will enable him to make an immediate contribution to the IHOP business unit."

Mendelsohn most recently served as chief financial officer and executive vice president, information technology for Teleflora LLC, which provides products and services to its network of over 20,000 retail florists. In this role, he was responsible for all financial and information technology activities including financial analysis, credit and accounting. Previously, Mendelsohn held vice president positions for Walt Disney Internet Group, including vice president, business operations and vice president, finance and planning, where he was responsible for improving the profitability of Disney's internet business.

Mendelsohn earned a bachelor of arts in economics from The Johns Hopkins University, and a masters in business administration from The University of Chicago Graduate School of Business.

About IHOP Restaurants

Based in Glendale, California, International House of Pancakes (IHOP) Restaurants is a wholly-owned subsidiary of IHOP Corp. (NYSE: IHP) which through its subsidiaries franchises and operates restaurants under the IHOP and Applebee's Neighborhood Grill & Bar brands. With more than 3,300 restaurants combined, IHOP Corp. is the largest full-service restaurant company in the world. IHOP Corp.'s common stock is listed on the NYSE under the symbol "IHP." For more information on IHOP Corp., visit the Company's Web site located at www.ihop.com.

Forward-Looking Statements

There are forward-looking statements contained in this news release. They use such words as "may," "will," "expect," "believe," "plan," or other similar terminology, and include statements regarding the strategic and financial benefits of the acquisition of Applebee's International, Inc., expectations regarding integration and cost savings, and other financial guidance. These statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different than those expressed or implied in such statements. These factors include, but are not limited to: the implementation of the Company's strategic growth plan; the availability of suitable locations and terms for the sites designated for development; the ability of franchise developers to fulfill their commitments to build new restaurants in the numbers and time frames covered by their development agreements; legislation and government regulation including the ability to obtain satisfactory regulatory approvals; risks associated with executing the Company's strategic plan for Applebee's; risks associated with the Company's incurrence of significant indebtedness to finance the acquisition; the failure to realize the synergies and other perceived advantages resulting from the acquisition; costs and potential litigation associated with the acquisition; the ability to retain key personnel after the acquisition; conditions beyond the Company's control such as weather, natural disasters, disease outbreaks, epidemics or pandemics impacting the Company's customers or food supplies or acts of war or terrorism; availability and cost of materials and labor; cost and availability of capital; competition; continuing acceptance of the IHOP, International House of Pancakes and Applebee's brands and concepts by guests and franchisees; the Company's overall marketing, operational and financial performance; economic and political conditions; adoption of new, or changes in, accounting policies and practices; and other factors discussed from time to time in the Company's news releases, public statements and/or filings with the Securities and Exchange Commission, especially the "Risk Factors" sections of Annual and Quarterly Reports on Forms 10-K and 10-Q, as well as releases, statements and SEC filings by Applebee's International, Inc. prior to its acquisition by the Company. Forward-looking information is provided by IHOP Corp. pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. In addition, the Company disclaims any intent or obligation to update these forward-looking statements.

Patrick Lenow
Director, Communications
IHOP Corp.
818-637-3629

SOURCE: IHOP Corp.

Available only at IHOP from now through the summer months, guests can enjoy their choice of six Splashers at all IHOP locations nationwide. The fruit and cola based beverages include well-loved soda shop favorites as well as new treats:

--  Sparkling Cherry Lemonade: A thirst quenching infusion of lemonade,
    lemon-lime soda and a splash of sweet cherry syrup.
--  Tropical Island Twist: A crisp blend of lemonade, lemon-lime soda and
    tropical mango syrup.
--  Splashberry: A refreshing blend of IHOP's juicy, red strawberries,
    lemon-lime soda and premium not-from-concentrate orange juice.
--  Mango Splash: Lemon-lime soda infused with a splash of tropical mango
    syrup.
--  Vanilla Cola: Refreshing cola with a splash of vanilla syrup.
--  Cherry Cola: Cola infused with a splash of sweet cherry syrup.

For more information or to find an IHOP restaurant near you, please visit www.ihop.com.

ABOUT IHOP

For 50 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. The first IHOP opened in Toluca Lake, Calif. in 1958, and as of March 31, 2008, there were 1,353 IHOPs in 49 states, the U.S. Virgin Islands, Canada and Mexico. IHOP restaurants are franchised and operated by Glendale, Calif.-based IHOP, a subsidiary of IHOP Corp. (NYSE: IHP).

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=743826

Jennifer Pendergrass
IHOP
818-637-3603

SOURCE: IHOP Corp.