Applebee's International, Inc. (Nasdaq:APPB) has declared an annual dividend of 11 cents per share. The dividend is payable January 29, 2001, to shareholders of record as of December 29, 2000. This is the company's eleventh consecutive annual dividend and represents an increase of 10 percent over last year's dividend of 10 cents per share.

Applebee's International, Inc., headquartered in Overland Park, Kan., currently develops, franchises and operates restaurants under the Applebee's Neighborhood Grill and Bar brand, the largest casual dining concept in the world. There are currently 1,281 Applebee's restaurants operating system-wide in 49 states and eight international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com).