EXHIBIT 99.1

                              For information contact:
                              Richard Cross
                              Chief Financial Officer

FOR IMMEDIATE RELEASE:



SYRACUSE,  New  York  (April  4,  1996)  - Alan Vituli, Chairman and CEO of
Carrols Holdings Corporation, the parent company  of  Carrols  Corporation,
announced that the shareholders of the Company have completed the  sale  of
their  securities  to  an investor group represented by Dilmun Investments,
Inc., a Connecticut-based merchant banking firm.

Vituli stated, "Growth within the Burger King system through new restaurant
construction and acquisition  are critical components of Carrols' long-term
business plan.  This transaction  will  greatly  increase  our  ability  to
achieve this plan."

The  transaction  constitutes  a  change  of  control  under  the indenture
governing  the  Company's 11 1/2% Senior Notes.  Under the indenture,  upon
the occurrence of  a  change  of control, the noteholders have the right to
require the redemption of their  notes.   Given  the current price at which
the Senior Notes are trading, the Company does not  anticipate  significant
redemption.

Carrols  operates 220 Burger King restaurants in three geographic  regions:
the Northeast, Great Lakes and North Carolina.