News Release

GLENDALE, Calif.--(BUSINESS WIRE)--Nov. 30, 2005--Standing in long lines can temporarily take the spirit out of the holiday season. To provide some holiday cheer, IHOP is cooking up three sumptuous Sweet Caramel Combos: Sweet Caramel French Toast, Apple Crepes and Sweet Caramel Pancakes. Available for a limited time only, the tasty trio can be enjoyed morning, noon and night at IHOP locations nationwide through January 1, 2006.

"With the holidays just around the corner, everyone is rushing around to get all of their shopping done in time," said Carolyn O'Keefe, chief marketing officer, IHOP Corp (NYSE:IHP). "But with our luscious Sweet Caramel Combos, our guests can take a break from the hustle and bustle."

Busy consumers can sweeten up their holiday preparation time with breakfast creations that are sure to keep shopping off their minds. Each breakfast combination starts at $4.99 and includes IHOP favorites -- eggs, crisp hash browns and pork sausage links or hickory smoked bacon -- yet each is unique:

    --  Sweet Caramel French Toast: A twist on the traditional recipe,
        this French toast is topped with sweet caramel sauce, sliced
        fresh bananas, chopped walnuts, a sprinkle of powdered sugar
        and whipped topping.

    --  Apple Crepes: Each IHOP Apple Crepe is wrapped around a whole
        baked apple and topped with sweet caramel sauce, a sprinkle of
        powdered sugar and whipped topping.

    --  Sweet Caramel Pancakes: In this creation, IHOP's famous
        buttermilk pancakes are adorned with warm apple cinnamon
        compote, sweet caramel sauce, a sprinkle of powdered sugar and
        whipped topping.

Sweet Caramel Combos are available for a limited time only at participating IHOP locations. Pricing is suggested and may vary by location. For more information on IHOP's Sweet Caramel Combos, please visit www.ihop.com.

About IHOP

The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 45 years. Offering more than 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 September 30, 2005, the end of IHOP's third quarter, there were 1,218 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 Restaurant Support Center at (818) 240-6055 or visit the Company's Website located at www.ihop.com.

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    CONTACT: IHOP Corp.
             Patrick Lenow, 818-637-3629
             patrick.lenow@ihop.com
             or
             CarryOn Communication
             Jill Hoffman, 323-988-4645
             jillh@carryonpr.com

    SOURCE: IHOP Corp.