Exhibit 4.7
   The Marcus Corporation
   Associate DRIP Letter

                                STEPHEN H. MARCUS
                              Chairman of the Board
                             Chief Executive Officer

   August 30, 1996

   Dear Fellow Associate:

   I'm pleased to introduce the new Marcus Dividend Reinvestment and
   Associate Stock Purchase Plan, a convenient and inexpensive way to invest
   in the future of your company.

   As I said in our annual report, the most important asset of The Marcus
   Corporation is our outstanding team of associates.  You have helped The
   Marcus Corporation grow into the strong, diversified company it is today. 
   This new plan will enable you to increase your personal interest in the
   company through a systematic stock-purchase program.  These types of
   programs are used by many individuals to achieve their long-term financial
   goals.

   The plan is convenient and economical.  It allows eligible associates of
   The Marcus Corporation and its subsidiaries to reinvest cash dividends
   and/or make optional cash investments of at least $10 through payroll
   deduction.  The company will pay all service charges, brokerage
   commissions and other costs involved with purchases, but you will be
   responsible for fees or commissions when shares are sold.  Optional
   payments made by participants will be invested on or as soon as possible
   after the 15th day of each month, beginning in November 1996.  Each
   quarter, you will receive an easy-to-understand account statement from
   Firstar Trust Company, administrator of the plan.

   To participate, you must be 18 years old and have completed at least one
   calendar year of employment and 1,000 hours of work in  a calendar year
   with the company or a subsidiary.  Employees covered by a collective
   bargaining agreement are not eligible to participate, unless the agreement
   specifically provides for participation in the plan.

   Enclosed is a plan brochure and prospectus, which we encourage you to
   carefully read before making a decision.  To enroll, you need to complete
   the enclosed Associate Authorization Form and mail it in the enclosed
   postage-paid envelope to Firstar Trust Company.  To begin your payroll
   deduction in November, you must return your authorization form by October
   25, 1996.  If you have any questions regarding enrollment or participation
   in the plan, please contact Firstar Trust Company at (414) 276-3737 or
   toll-free at (800) 637-7549.

   If you already own shares in The Marcus Corporation in your own name, you
   will also receive information describing how shareholders can participate
   in the plan.  If you own shares only under your Pension Plus Plan, you are
   not a shareholder of record for the plan and will need to participate
   separately in the plan as an associate.

   We're excited about this new plan and encourage you to carefully consider
   becoming a shareholder in your company.  As always, thank you for your
   ongoing support.

   Very truly yours,


   Stephen H. Marcus
   Chairman and Chief Executive Officer