IHOP Chairman and CEO, Julia A. Stewart, Receives the Chain Leadership Award

Annual Award Recognizes Executives Within Restaurant Industry

IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that its Chairman and CEO, Julia A. Stewart, has received the 2007 Chain Leadership Award. The Chain Leadership Award is presented as part of Chain Leader magazine's Execution Awards, which are awarded annually to honor leaders in the chain restaurant industry. Stewart was acknowledged at a ceremony during Chain Leader LIVE, a conference for restaurant executives that was held Oct. 24-27 in Newport Beach, Calif.

The Chain Leadership Award recognizes the individual who currently has the greatest influence on his or her company and the industry through company leadership, financial results and industry participation.

"Julia has a successful track record of leadership, and in the last year has demonstrated an enhanced level of industry influence," said Mary Boltz Chapman, Editor-in-Chief of Chain Leader. "Under her leadership, IHOP has achieved 19 consecutive quarters of same-store sales increases, and when IHOP's announced acquisition of Applebee's closes, Julia will lead the largest full-service restaurant company in the world."

"I am honored to receive this award, as it recognizes the hard work of the IHOP employees and franchisees that have made IHOP successful. These efforts have positioned IHOP as a leader in not only the family dining category, but the restaurant industry at large," said Julia Stewart, Chairman and Chief Executive Officer of IHOP.

The Chain Leader Execution Awards are awarded annually to honor leaders in the chain restaurant industry and represent a "past, present and future" tribute to three industry leaders, recognizing excellence in execution at different career stages: Legend, Chain Leadership and Protégé. The Chain Leadership and Legend awards are selected by Chain Leader's Cover Society, which is made up of the foodservice executives who have appeared on the cover since its debut in August 1996.

Additional 2007 award winners include Truett Cathy, Founder and Chairman of Chick-fil-A, who received the Legend Award, and Clay Dover, Executive Vice President and Chief Concept Officer for Metromedia Restaurant Group, who was honored with the Protégé Award.

ABOUT IHOP CORP.

The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for nearly 50 years. Offering 14 types of pancakes as well as omelettes, breakfast specialties, burgers, sandwiches, salads, chicken and steaks, IHOP's diverse menu appeals to people of all ages. IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, Inc., a wholly owned subsidiary of IHOP Corp. As of September 30, 2007, the end of IHOP Corp.'s third quarter, there were 1,328 IHOP restaurants in 49 states, the U.S. Virgin Islands, Canada and Mexico. 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 Web site located at www.ihop.com.

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