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APPLEBEE'S INTERNATIONAL DECLARES THREE FOR TWO STOCK SPLIT

 OVERLAND PARK, Kan., Dec. 10 /PRNewswire/ -- Applebee's International, Inc., (NASDAQ-NMS: APPB) today declared a three-for-two split of the company's common stock, to be effected in the form of a 50 percent stock dividend. Shareholders of record as of Dec. 23, 1993, will receive one additional share for every two shares held on that date. The new shares will be distributed on Jan. 28, 1994.
 Abe J. Gustin, chairman and CEO, said, "As a part of maximizing long-term return for our investors, we are committed to maintaining both strong liquidity and an attractive trading range for Applebee's stock. Our stock has continued to reflect the growth of the Applebee's system, as well as the company's strong earnings performance throughout 1993."
 On Dec. 1, 1993, Applebee's also declared an annual cash dividend of 6 cents per share, payable Jan. 18, 1994, to shareholders of record as of Dec. 16, 1993. This dividend will be unaffected by the three-for-two split announced today.
 Applebee's common stock closed at $30.25 on volume of 122,000 shares on Thursday, Dec. 9, 1993. The company had 14,585,636 shares of common stock outstanding on Sept. 26, 1993, the end of its third fiscal quarter.
 Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates a rapidly expanding national chain of 348 restaurants, as of Dec. 10, 1993, under the trademark Applebee's Neighborhood Grill and Bar.
 -0- 12/10/93
 /CONTACT: Jack Falker of Swenson/Falker Associates, 612-371-0000, for Applebee's; or George Shadid of Applebee's, 913-967-4000/
 (APPB)


CO: Applebee's International, Inc. ST: Minnesota IN: FOD SU:

DB-AL -- MN002 -- 2667 12/10/93 13:22 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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