SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 11-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended August 31, 1997

[ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from __________ to __________

Commission File Number: 018859

A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:

Sonic Corp. Savings and Profit Sharing Plan

B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:

Sonic Corp.
101 Park Avenue
Oklahoma City, Oklahoma 73102

Sonic Corp. has included the following financial statements and
supplementary financial information in this report:

PAGES
-----
Report of Independent Auditors 1
Statements of Net Assets Available for Benefits
with Fund Information 2
Statements of Changes in Net Assets Available
for Benefits with Fund Information 5
Line 27a -- Schedule of Assets Held for
Investment Purposes 13
Line 27d -- Schedule of Reportable Transactions 14
Line 27f -- Schedule of Non-exempt Transactions 16

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the trustees (or other persons who administer the employee benefit
plan) have caused the undersigned, duly-authorized, to sign this report on
their behalf on this 27th day of February, 1998.

Sonic Corp.

By: /s/ Ronald L. Matlock
----------------------------------------
Ronald L. Matlock, Vice President and
General Counsel

Sonic Corp. Savings and Profit Sharing Plan

Financial Statements
and Supplemental Schedules

Years ended August 31, 1997 and 1996

CONTENTS

Report of Independent Auditors. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Financial Statements

Statements of Net Assets Available for Benefits With Fund Information . . . . . . . . 2
Statements of Changes in Net Assets Available for Benefits With Fund Information. . . 5
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Supplemental Schedules

Line 27a--Schedule of Assets Held for Investment Purposes . . . . . . . . . . . . . . 13
Line 27d--Schedule of Reportable Transactions . . . . . . . . . . . . . . . . . . . . 14
Line 27f--Schedule of Nonexempt Transactions . . . . . . . . . . . . . . . . . . . . 16

Report of Independent Auditors

The Plan Administrator
Sonic Corp. Savings and Profit Sharing Plan

We have audited the accompanying statements of net assets available for
benefits with fund information of Sonic Corp. Savings and Profit Sharing Plan
as of August 31, 1997 and 1996, and the related statements of changes in net
assets available for benefits with fund information for the years then ended.
These financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan at
August 31, 1997 and 1996, and the changes in its net assets available for
benefits for the years then ended, in conformity with generally accepted
accounting principles.

Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment purposes as of August 31, 1997, and reportable
transactions and nonexempt transactions for the year then ended, are presented
for purposes of complying with the Department of Labor's Rules and Regulations
for Reporting and Disclosure under the Employee Retirement Income Security Act
of 1974, and are not a required part of the 1997 basic financial statements.
The Fund Information in the statements of net assets available for benefits and
the statements of changes in net assets available for benefits is presented for
purposes of additional analysis rather than to present the net assets available
for benefits and changes in net assets available for benefits of each fund. The
supplemental schedules and Fund Information have been subjected to the auditing
procedures applied in our audits of the basic financial statements and, in our
opinion, are fairly stated in all material respects in relation to the basic
financial statements taken as a whole.

ERNST & YOUNG LLP

Oklahoma City, Oklahoma
January 7, 1998

Sonic Corp. Savings and Profit Sharing Plan

Statements of Net Assets Available for Benefits
With Fund Information

AUGUST 31, 1997
----------------------------------------------------
FUND INFORMATION
----------------------------------------------------
AMERICAN AMERICAN
PERFORMANCE PERFORMANCE
CASH INTERMEDIATE AIM AIM
MANAGEMENT BOND CONSTELLA- VALUE
FUND FUND TION FUND FUND
----------------------------------------------------

ASSETS
Investments:
Shares of registered investment companies $228,523 $106,549 $787,511 $473,434
Sonic Corp. common stock, 8,016 shares - - - -
Participant notes receivable - - - -
----------------------------------------------------
Total investments 228,523 106,549 787,511 473,434

Receivables:
Contributions:
Participants 631 609 3,324 1,669
Employer 17,772 2,873 17,709 10,048
Accrued interest 1,012 529 - -
----------------------------------------------------
Total receivables 19,415 4,011 21,033 11,717
----------------------------------------------------
Net assets available for benefits $247,938 $110,560 $808,544 $485,151
----------------------------------------------------
----------------------------------------------------

AUGUST 31, 1997
- ---------------------------------------------------------------------------------
FUND INFORMATION
- ----------------------------------------------------------------
AMERICAN NEUBERGER
AADVANTAGE FEDERATED & BERMAN SONIC
BALANCED MAX CAP GUARDIAN STOCK LOAN
FUND FUND TRUST FUND FUND FUND TOTAL
- ---------------------------------------------------------------------------------

$708,773 $424,745 $879,292 $ - $ - $3,608,827
- - - 177,365 - 177,365
- - - - 190,015 190,015
- ---------------------------------------------------------------------------------
708,773 424,745 879,292 177,365 190,015 3,976,207

1,186 1,554 2,664 1,226 - 12,863
7,319 6,625 13,734 4,831 - 80,911
- - - - - 1,541
- ---------------------------------------------------------------------------------
8,505 8,179 16,398 6,057 - 95,315
- ---------------------------------------------------------------------------------
$717,278 $432,924 $895,690 $183,422 $190,015 $4,071,522
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------

Sonic Corp. Savings and Profit Sharing Plan

Statements of Net Assets Available for Benefits
With Fund Information (continued)

AUGUST 31, 1996
-----------------------------------------------------------------
FUND INFORMATION
----------------------------------------------------
CAPITAL
STOCK GROWTH BALANCED PRESERVATION LOAN
FUND FUND FUND FUND FUND TOTAL
-----------------------------------------------------------------

ASSETS
Investments:
Shares of registered investment companies:
American Performance Equity Fund, 36,147 shares $ - $ 369,937 $126,366 $ - $ - $ 496,303
Russell Special Growth Fund #9, 4,340 shares - 138,511 41,080 - - 179,591
Russell Equity Income Fund #10, 5,814 shares - 225,891 - - - 225,891
Russell International Securities Fund #13, 3,994 shares - 166,948 63,610 - - 230,558
Russell Quantitative Equity Fund #17, 15,822 shares - 371,483 125,970 - - 497,453
Russell Real Estate Securities Fund #18, 4,493 shares - 81,537 34,607 - - 116,144
Russell Emerging Markets Fund #22, 5,252 shares - 43,748 21,060 - - 64,808
Cash Plus Government Fund, 380,288 shares 5,051 78,795 83,566 212,876 - 380,288
U.S. Treasury notes - - 249,574 - - 249,574
Federal National Mortgage Association debenture - - 28,247 - - 28,247
Sonic Corp. common stock, 17,543 shares 412,260 - - - - 412,260
Participant notes receivable - - - - 90,830 90,830
-----------------------------------------------------------------
Total investments 417,311 1,476,850 774,080 212,876 90,830 2,971,947

Receivables:
Contributions:
Participants 2,579 7,724 4,690 2,121 - 17,114
Employer 4,643 22,425 9,043 7,787 - 43,898
Loan repayments 259 1,880 404 222 - 2,765
Accrued interest 18 368 5,103 903 - 6,392
-----------------------------------------------------------------
Total receivables 7,499 32,397 19,240 11,033 - 70,169
-----------------------------------------------------------------
Total assets 424,810 1,509,247 793,320 223,909 90,830 3,042,116

LIABILITIES--cash overdraft 3,550 5,387 2,916 566 - 12,419
-----------------------------------------------------------------
Net assets available for benefits $421,260 $1,503,860 $790,404 $223,343 $90,830 $3,029,697
-----------------------------------------------------------------
-----------------------------------------------------------------

SEE ACCOMPANYING NOTES.

Sonic Corp. Savings and Profit Sharing Plan

Statements of Changes in Net Assets Available for Benefits
With Fund Information

YEAR ENDED AUGUST 31, 1997
----------------------------------------------------------------------
FUND INFORMATION
----------------------------------------------------------------------
AMERICAN AMERICAN
PERFORMANCE PERFORMANCE AMERICAN
CASH INTERMEDIATE AIM AIM AADVANTAGE
MANAGEMENT BOND CONSTELLA- VALUE BALANCED
FUND FUND TION FUND FUND FUND
----------------------------------------------------------------------

Additions to net assets attributed to:
Investment income:
Net appreciation (depreciation) in fair value of
investments $ 5,411 $ 3,474 $158,871 $107,404 $128,111
Interest and dividends 9,053 3,835 - - -
----------------------------------------------------------------------
Net investment income (loss) 14,464 7,309 158,871 107,404 128,111

Contributions:
Participants 14,273 13,561 87,566 47,127 33,688
Employer (including profit sharing contribution of
$75,000) 26,884 8,946 53,242 30,154 22,672
----------------------------------------------------------------------
Total additions 55,621 29,816 299,679 184,685 184,471

Deductions from net assets attributed to:
Benefits paid to participants 112,570 2,342 53,706 24,427 21,642
Loan fees and trustee fees 176 5 276 104 121
----------------------------------------------------------------------
Total deductions 112,746 2,347 53,982 24,531 21,763
----------------------------------------------------------------------
Net increase (decrease) prior to interfund transfers (57,125) 27,469 245,697 160,154 162,708

Interfund transfers (net) 305,063 83,091 562,847 324,997 554,570
----------------------------------------------------------------------
Net increase (decrease) 247,938 110,560 808,544 485,151 717,278

Net assets available for benefits:
Beginning of year - - - - -
----------------------------------------------------------------------
End of year $247,938 $110,560 $808,544 $485,151 $717,278
----------------------------------------------------------------------
----------------------------------------------------------------------

YEAR ENDED AUGUST 31, 1997
- -----------------------------------------------------------------------------------------------------------------------
FUND INFORMATION
- -------------------------------------------------------------------------------------------------------------
NEUBERGER CAPITAL
FEDERATED & BERMAN SONIC PRESERVA-
MAX CAP GUARDIAN STOCK STOCK GROWTH BALANCED TION LOAN
FUND TRUST FUND FUND FUND FUND FUND FUND FUND TOTAL
- -----------------------------------------------------------------------------------------------------------------------

$105,452 $222,808 $ (260) $ - $ - $ - $ - $ - $ 731,271
2,844 873 - - - - - 9,335 25,940
- -----------------------------------------------------------------------------------------------------------------------
108,296 223,681 (260) - - - - 9,335 757,211

34,339 64,189 20,691 - - - - - 315,434

19,668 41,625 14,235 - - - - - 217,426
- -----------------------------------------------------------------------------------------------------------------------
162,303 329,495 34,666 - - - - 9,335 1,290,071

20,781 4,114 7,657 - - - - - 247,239
76 214 35 - - - - - 1,007
- -----------------------------------------------------------------------------------------------------------------------
20,857 4,328 7,692 - - - - - 248,246
- -----------------------------------------------------------------------------------------------------------------------

141,446 325,167 26,974 - - - - 9,335 1,041,825

291,478 570,523 156,448 (421,260) (1,503,860) (790,404) (223,343) 89,850 -
- -----------------------------------------------------------------------------------------------------------------------
432,924 895,690 183,422 (421,260) (1,503,860) (790,404) (223,343) 99,185 1,041,825

- - - 421,260 1,503,860 790,404 223,343 90,830 3,029,697
- -----------------------------------------------------------------------------------------------------------------------
$432,924 $895,690 $183,422 $ - $ - $ - $ - $190,015 $4,071,522
- -----------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------

Sonic Corp. Savings and Profit Sharing Plan

Statements of Changes in Net Assets Available for Benefits
With Fund Information (continued)

YEAR ENDED AUGUST 31, 1996
-----------------------------------------------------------------------
FUND INFORMATION
---------------------------------------------------------
CAPITAL
STOCK GROWTH BALANCED PRESERVATION LOAN
FUND FUND FUND FUND FUND TOTAL
-----------------------------------------------------------------------

Additions to net assets attributed to:
Investment income:
Net appreciation in fair value
of investments $ 37,559 $ 29,958 $ 4,401 $ - $ - $ 71,918
Interest and dividends 243 152,394 69,097 8,306 9,231 239,271
-----------------------------------------------------------------------
Net investment income 37,802 182,352 73,498 8,306 9,231 311,189

Contributions:
Participants 33,419 109,184 68,201 26,590 - 237,394
Employer (including profit sharing
contribution of $35,000) 16,592 71,301 37,550 23,891 - 149,334
-----------------------------------------------------------------------
Total additions 87,813 362,837 179,249 58,787 9,231 697,917

Deductions from net assets attributed to:
Benefits paid to participants 89,994 157,488 86,007 35,963 - 369,452
Loan fees and trustee fees - 1,868 1,715 1,285 - 4,868
-----------------------------------------------------------------------
Total deductions 89,994 159,356 87,722 37,248 - 374,320
-----------------------------------------------------------------------
Net increase (decrease) prior to
interfund transfers (2,181) 203,481 91,527 21,539 9,231 323,597

Interfund transfers (net) (102,155) 108,668 6,555 20,606 (33,674) -
-----------------------------------------------------------------------
Net increase (decrease) (104,336) 312,149 98,082 42,145 (24,443) 323,597

Net assets available for benefits:
Beginning of year 525,596 1,191,711 692,322 181,198 115,273 2,706,100
-----------------------------------------------------------------------
End of year $ 421,260 $1,503,860 $790,404 $223,343 $ 90,830 $3,029,697
-----------------------------------------------------------------------
-----------------------------------------------------------------------

SEE ACCOMPANYING NOTES.

Sonic Corp. Savings and Profit Sharing Plan

Notes to Financial Statements

August 31, 1997 and 1996

1. DESCRIPTION OF PLAN

The following description of the Sonic Corp. (the "Company") Savings and
Profit Sharing Plan (the "Plan") provides only general information.
Participants should refer to the Plan agreement (as amended) for a more
complete description of the Plan's provisions.

GENERAL

The Plan is a defined contribution plan covering all full-time employees of
the Company who have one year of service. It is subject to the provisions of
the Employee Retirement Income Security Act of 1974 ("ERISA").

CONTRIBUTIONS

Each year, participants may contribute up to 11% of pretax annual
compensation, as defined in the Plan. Participants may also contribute
amounts representing distributions from other qualified defined benefit or
defined contribution plans. The Company may voluntarily match a percentage of
participants' contributions to the Plan. Additional amounts may be
contributed at the option of the Company's board of directors. Contributions
are subject to certain limitations.

PARTICIPANT ACCOUNTS

Each participant's account is credited with the participant's contribution
and allocations of (a) the Company's contribution and (b) Plan earnings, and
charged with an allocation of trustee fees. Allocations are based on
participant compensation or account balances, as defined. The benefit to
which a participant is entitled is the benefit that can be provided from the
participant's vested account.

VESTING

Participants are immediately vested in their contributions plus actual
earnings thereon. Vesting in the Company's discretionary contribution portion
of their accounts plus actual earnings thereon is based on years of
continuous service. A participant is 100% vested after six years (seven years
prior to September 1, 1996) of credited service.

Sonic Corp. Savings and Profit Sharing Plan

Notes to Financial Statements (continued)

1. DESCRIPTION OF PLAN (CONTINUED)

INVESTMENT OPTIONS

Beginning on September 1, 1996, participants can direct their account
balances to be invested in one of eight investment funds or a combination of
these funds. Participants may change their investment options daily. At
August 31, 1997, investment funds consist of the following:

AMERICAN PERFORMANCE CASH MANAGEMENT FUND--Funds are invested in very
short-term high quality loans to the U.S. Government, banks, and
corporations.

AMERICAN PERFORMANCE INTERMEDIATE BOND FUND--Funds are invested in a
diversified portfolio of intermediate bonds issued by the U.S. Government,
U.S. Government agencies, and individual corporations.

AIM CONSTELLATION FUND--Funds are invested in common stocks, with emphasis
on medium-sized and smaller emerging growth companies.

AIM VALUE FUND--Funds are invested in common stocks of companies that are
undervalued relative to the stock market as a whole, but whose earnings
are starting to pick up.

AMERICAN AADVANTAGE BALANCED FUND--Funds are invested in bonds and common
stock, with emphasis on income and capital appreciation.

FEDERAL MAX CAP FUND--Funds are invested in common stocks of the Standard
& Poor's 500 Index.

NEUBERGER & BERMAN GUARDIAN TRUST FUND--Funds are invested in stocks of
companies whose earnings the portfolio manager believes will grow faster
than average.

SONIC STOCK FUND--Funds are invested in the common stock of Sonic Corp.

Prior to August 31,1996, participants could direct their account balances to
be invested in one of four investment funds or a combination of those funds.
At August 31, 1996, investment funds consisted of the following:

STOCK FUND--Shares of common stock of the Company and in shares of a
registered investment company that invests in U.S. Government securities.

Sonic Corp. Savings and Profit Sharing Plan

Notes to Financial Statements (continued)

1. DESCRIPTION OF PLAN (CONTINUED)

GROWTH FUND--Shares of registered investment companies that invests in
equity securities.

BALANCED FUND--U.S. Government securities and in shares of registered
investment companies that invest in equity securities and in U.S.
Government securities.

CAPITAL PRESERVATION FUND--Shares of a registered investment company that
invests in U.S. Government securities.

PARTICIPANT NOTES RECEIVABLE

Participants may borrow from their fund accounts a minimum of $1,000 up to a
maximum equal to the lesser of $50,000 or 50% of their vested account
balance. Loan transactions are treated as a transfer to (from) the investment
fund from (to) the Loan Fund. Loan terms range from 1-5 years or up to 10
years for the purchase of a primary residence. The loans are secured by the
balance in the participant's account and bear interest at a rate commensurate
with local prevailing rates as determined quarterly by the Plan
Administrator. Interest rates range from 7% to 10%. Principal and interest is
paid ratably through monthly payroll deductions. Such deductions are remitted
by the Company to the Plan in the month following the payroll deductions.

PAYMENT OF BENEFITS

On termination of service, a participant may elect to receive a lump-sum
amount equal to the value of the participant's vested interest in his or her
account, or upon death, disability or retirement, may elect to receive annual
installments over a period of not more than a participant's assumed life
expectancy.

FORFEITED ACCOUNTS

At August 31, 1997, forfeited nonvested accounts totaled $14,795. This amount
will be used to reduce employer contributions in 1998. At August 31, 1996,
forfeited nonvested accounts totaled $38,333. These amounts were allocated to
participants' accounts during 1997 ($14,412 allocated during 1996).

Sonic Corp. Savings and Profit Sharing Plan

Notes to Financial Statements (continued)

1. DESCRIPTION OF PLAN (CONTINUED)

ADMINISTRATION

The Plan is administered by the Company. Administrative expenses, other than
loan fees and trustee fees, incurred by the Plan are paid by the Company.
During the years ended August 31, 1997 and 1996, such expenses amounted to
$19,176 and $19,406, respectively.

2. SUMMARY OF ACCOUNTING POLICIES

INVESTMENT VALUATION AND INCOME RECOGNITION

The Plan's investments are stated at fair value. Shares of registered
investment companies are valued at quoted market prices which represent the
net asset value of shares held by the Plan at year end. U.S. Government
securities and the Company's common stock are valued at their quoted market
prices. Participant notes receivable are valued at cost which approximates
fair value.

Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are recorded on
the ex-dividend date.

RELATED PARTY TRANSACTIONS

Certain Plan investments were shares of a mutual fund managed by BancOklahoma
Trust Company, the trustee as defined by the Plan and, therefore, these
transactions qualify as party-in-interest.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates that affect the
amounts reported in the financial statements and accompanying notes. Actual
results could differ from those estimates.

3. INVESTMENTS

The Plan's investments are held by BancOklahoma Trust Company. Investments
that represent 5% or more of the Plan's net assets are separately identified
in the accompanying statements of net assets available for benefits with fund
information.

Sonic Corp. Savings and Profit Sharing Plan

Notes to Financial Statements (continued)

4. PLAN TERMINATION

Although it has not expressed any intent to do so, the Company has the right
under the Plan to discontinue its contributions at any time and to terminate
the Plan subject to the provisions of ERISA. In the event of Plan
termination, participants will become 100% vested in their accounts.

5. INCOME TAX STATUS

The Internal Revenue Service has determined and informed the Company by a
letter dated October 19, 1992, that the Plan and related trust are designed
in accordance with applicable sections of the Internal Revenue Code ("IRC").
Since receiving the determination letter, the Plan has been amended
principally to incorporate certain administrative provisions required by
recent changes in the IRC. However, the Plan Administrator believes that the
Plan is designed and is currently being operated in compliance with the
applicable requirements of the IRC.

SUPPLEMENTAL SCHEDULES

Sonic Corp. Savings and Profit Sharing Plan

Line 27a--Schedule of Assets Held for Investment Purposes

August 31, 1997

DESCRIPTION OF INVESTMENT,
IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE OF CURRENT
LESSOR OR SIMILAR PARTY INTEREST, PAR OR MATURITY VALUE COST VALUE
- -----------------------------------------------------------------------------------------------------------

*American Performance Cash Management
Fund 228,523 shares $ 228,523 $ 228,523
*American Performance Intermediate Bond
Fund 10,415 shares 104,752 106,549
AIM Constellation Fund 26,453 shares 655,515 787,511
AIM Value Fund 13,727 shares 393,231 473,434
American AAdvantage Balanced Fund 45,030 shares 642,374 708,773
Federated Max Cap Fund 21,917 shares 338,242 424,745
Neuberger & Berman Guardian Trust Fund 45,161 shares 676,639 879,292
-------------------------
3,039,276 3,608,827

*Sonic Corp. 8,016 shares of common stock 177,095 177,365
*Participant notes receivable 7% to 10% - 190,015
-------------------------
$3,216,371 $3,976,207
-------------------------
-------------------------

*Party-in-interest.

Sonic Corp. Savings and Profit Sharing Plan

Line 27d--Schedule of Reportable Transactions

Year ended August 31, 1997

(h) CURRENT
VALUE
OF ASSET ON (i) NET
(c) PURCHASE (d) SELLING (g) COST OF TRANSACTION GAIN OR
(a) IDENTITY OF PARTY INVOLVED (b) DESCRIPTION OF ASSETS PRICE PRICE ASSET DATE (LOSS)
- ----------------------------------------------------------------------------------------------------------------------------------

Category (iii)--series of
transactions in excess of
5% of plan assets:
*BancOklahoma Trust Company American Performance Equity
Fund--SSR:
36,147 shares $496,303 $499,046 $496,303 $(2,743)

Russell Special Growth
Fund #9:
4,340 shares $179,591 $164,439 $179,591 $15,152

Russell Equity Income
Fund #10:
5,814 shares $225,891 $214,913 $225,891 $10,978

Russell International
Securities Fund #13:
3,994 shares $230,558 $208,514 $230,558 $22,044

Russell Quantitative
Equity Fund #17:
15,822 shares $497,453 $431,878 $497,453 $65,575

American Performance
Cash Management Fund:
370,448 shares $370,448 $370,448
141,925 shares $141,925 $141,925 $141,925 $ -

(CONTINUED ON FOLLOWING PAGE)

Sonic Corp. Savings and Profit Sharing Plan

Line 27d--Schedule of Reportable Transactions (continued)

Year ended August 31, 1997

SEI Corporation Cash Plus Government Fund:
380,288 shares $380,288 $380,288 $380,288 $ -

AIM Constellation Fund:
31,286 shares $773,874 $773,874
4,833 shares $123,145 $118,359 $123,145 $ 4,786

AIM Value Fund:
17,084 shares $487,330 $487,330
3,357 shares $102,046 $ 94,099 $102,046 $ 7,947

American AAdvantage Balanced
Fund:
67,984 shares $969,513 $969,513
22,954 shares $322,229 $327,139 $322,229 $(4,910)

Federated Max Cap Fund:
27,034 shares $413,150 $413,150
5,117 shares $ 86,225 $ 74,908 $ 86,225 $11,317

Neuberger & Berman Guardian
Trust Fund:
48,652 shares $727,194 $727,194
3,491 shares $ 58,265 $ 50,555 $ 58,265 $ 7,710

*Party-in-interest.
Columns (e) and (f) are not applicable.
There were no category (i), (ii) or (iv) reportable transactions during the
year ended August 31, 1997.

Sonic Corp. Savings and Profit Sharing Plan

Line 27f--Schedule of Nonexempt Transactions

Year ended August 31, 1997

(c) DESCRIPTION OF
(b) RELATIONSHIP TO TRANSACTIONS INCLUDING
(a) IDENTITY OF PLAN, EMPLOYER, MATURITY DATE, RATE
PARTY OR OTHER OF INTEREST, COLLATERAL, (d) PURCHASE (e) SELLING (f) LEASE
INVOLVED PARTY-IN-INTEREST PAR OR MATURITY VALUE PRICE PRICE RENTAL
- --------------- --------------------- -------------------------------- ------------ ----------- ---------

Sonic Corp. Employer/Plan Sponsor Loan N/A N/A N/A
(Participant contributions for
payroll periods ended
September 15 and September
30, 1996 were deposited on
January 21, 1997. Investment
earnings on such contributions
for period prior to deposit will
be deposited and allocated to
affected participants in January
1998.)

(j) NET GAIN OR
(LOSS) ON EACH
(g) EXPENSES TRANSACTION
INCURRED IN (AMOUNT PAID
CONNECTION WITH (h) COST OF ASSET (i) CURRENT VALUE OF ASSET FOR USE OF
TRANSACTION (AMOUNT OF LOAN) (AMOUNT OF LOAN) LOAN PROCEEDS)
- --------------- ---------------------------- ---------------------------- ---------------

N/A September 15, 1996 $14,597 September 15, 1996 $14,597 $501
September 30, 1996 15,634 September 30, 1996 15,634