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RYAN'S FAMILY STEAK HOUSES, INC. ANNOUNCES 1992 ACCOUNTING CHANGES

 GREER, S.C., Jan. 18 /PRNewswire/ -- Ryan's Family Steak Houses, Inc. (NASDAQ: RYAN) announced that its 1992 financial statements would reflect accounting changes related to deferred pre-opening costs and income taxes.
 The Company plans to change the amortization period of its deferred pre-opening costs from the current 5-year period to one (1) year, in order to better reflect the related estimated economic benefits and to be more consistent with industry practice. All deferred amounts previously reported in the Company's 1991 financial statements will be affected, resulting in an estimated one-time pretax charge of approximately $2.8 million, which should represent an after-tax charge to 1992 earnings per share (EPS) of approximately 3 cents.
 The Company also plans to adopt Statement of Financial Accounting Standards Number 109, "Accounting for Income Taxes," effective Jan. 2, 1992. This change will result in an estimated cumulative catch-up tax credit (for financial reporting purposes only) of approximately $1.0 million, or a 2 cents credit to 1992 EPS.
 Accordingly, the estimated net effect of these changes on 1992 EPS is a reduction of 1 cent.
 The Company plans to announce its 1992 earnings on Jan. 20, 1993.
 -0- 1/18/93
 /CONTACT: Fred T. Grant, Jr., Vice President-Finance, Ryan's Family Steak Houses, Inc., 803-879-1000/
 (RYAN)


CO: Ryan's Family Steak Houses, Inc. ST: South Carolina IN: SU:

SB -- CH005 -- 5867 01/18/93 11:57 EST
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Date:Jan 18, 1993
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