<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF IHOP CORP. AND SUBSIDIARIES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 3,677 <SECURITIES> 0 <RECEIVABLES> 25,473 <ALLOWANCES> 0 <INVENTORY> 1,228 <CURRENT-ASSETS> 36,947 <PP&E> 179,397 <DEPRECIATION> 0 <TOTAL-ASSETS> 472,085 <CURRENT-LIABILITIES> 40,306 <BONDS> 190,208 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 200 <OTHER-SE> 205,253 <TOTAL-LIABILITY-AND-EQUITY> 472,085 <SALES> 48,965 <TOTAL-REVENUES> 128,836 <CGS> 41,295 <TOTAL-COSTS> 73,539 <OTHER-EXPENSES> 6,092 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,846 <INCOME-PRETAX> 23,475 <INCOME-TAX> 9,038 <INCOME-CONTINUING> 14,437 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,437 <EPS-BASIC> .73<F1> <EPS-DILUTED> .71 <FN> <F1>REPRESENTS BASIC EARNINGS PER SHARE </FN>