News Release

GLENDALE, Calif.--(BUSINESS WIRE)--March 21, 2006--Indulgence comes to breakfast! Combining two great tastes in one, IHOP (NYSE:IHP) is offering "cinn-fully" delicious combinations that give guests the chance to enjoy not only pancakes, but the flavor of cinnamon rolls any time of day. Cinn-A-Stacks are stacks of cinnamon roll-flavored buttermilk pancakes or French toast that are the perfect way to treat oneself to a sweet breakfast.

    Until April 23 at participating IHOPs, guests can enjoy:

    --  Cinn-A-Stack Pancakes - A stack of two fluffy buttermilk
        pancakes with a luscious cinnamon roll filling, drizzled with
        rich cream cheese icing and crowned with creamy whipped
        topping.

    --  Cinn-A-Stack French Toast - A stack of two slices of our
        batter-dipped French toast with a luscious cinnamon roll
        filling, drizzled with rich cream cheese icing and crowned
        with creamy whipped topping.

"Whether you love cinnamon rolls, pancakes or French toast, our new Cinn-A-Stacks are a perfect combination of classic breakfast favorites," said Carolyn O'Keefe, IHOP's chief marketing officer. "There is always something new at IHOP, and Cinn-A-Stacks provide our guests with the perfect indulgent choice that can't be found anywhere else."

Cinn-A-Stacks can be ordered a la carte or as part of a complete breakfast including eggs, bacon or sausage and crisp hash browns.

Cinn-A-Stacks are available for a limited time only at participating IHOP locations. Pricing may vary by location. For more information on IHOP's Cinn-A-Stacks, 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 December 31, 2005, the end of IHOP's fourth quarter, there were 1,242 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 News Bureau
             Jill Hoffman, 323-988-4645
             or
             James Doyle, 323-988-4688
             ihopnews@carryonpr.com

    SOURCE: IHOP Corp.