News Release

GLENDALE, Calif.--(BUSINESS WIRE)--Sept. 22, 2006--IHOP Corp. (NYSE:IHP) today announced that management will present a Company overview to investors at the Thomas Weisel Consumer Conference on Tuesday, September 26, 2006 from 2:05 p.m. to 2:35 p.m. Eastern Time. A live webcast of the presentation will be available on IHOP's Web site at www.ihop.com, and may be accessed by visiting Conference Calls & Presentations under the site's Investor Information section. Participants should allow approximately ten minutes prior to the presentation start time to visit the site and download any streaming media software needed to listen to the webcast. An archive of the webcast will be available a few hours after the live presentation is completed.

About IHOP Corp.

The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 45 years. Offering 14 types of pancakes as well as omelettes, breakfast specialties, burgers, sandwiches, chicken and steaks, IHOP's diverse menu appeals to people of all ages. IHOP restaurants are franchised and operated by Glendale, California based IHOP Corp. As of June 30, 2006, the end of IHOP's second quarter, there were 1,264 IHOP restaurants in 48 states and Canada. IHOP Corp. common stock is listed and traded on the NYSE under the symbol "IHP." For more information, call the Company's headquarters at (818) 240-6055 or visit the Company's Web site located at www.ihop.com.

    CONTACT: IHOP Corp.
             Stacy Roughan, 818-637-3632

    SOURCE: IHOP Corp.