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  <p style="border:none;font-weight:bold;margin:0in 0in .0001pt;padding:0in;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
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  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UNITED STATES</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">SECURITIES AND EXCHANGE
  COMMISSION</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WASHINGTON,
  DC 20549</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
  REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant
  to Section&nbsp;13 or 15(d)&nbsp;of the</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Securities
  Exchange Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of report (Date of earliest event reported) <b>May 1, 2008</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">IHOP Corp.</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">(Exact Name of Registrant as Specified in Charter)</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-15283</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">95-3038279</font></b></p>
    </td>
   </tr>
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    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State
    or Other Jurisdiction</font></p>
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of
    Incorporation)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission<br>
    File Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS
    Employer</font></p>
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification
    No.)</font></p>
    </td>
   </tr>
  </table>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">450 North Brand, Glendale, California</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">91203</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal Executive Offices)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(818) 240-6055</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">(Registrant&#146;s telephone number, including area code)</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not applicable</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former
  Name or Former Address, if Changed Since Last Report)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Check the appropriate box below
  if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing
  obligation of the Registrant under any of the following provisions:</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .3in;text-align:left;text-indent:-.3in;text-justify:inter-ideograph;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;Written communications pursuant
  to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</p>
  
  <p align="left" style="margin:0in 0in .0001pt .3in;text-align:left;text-indent:-.3in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .3in;text-align:left;text-indent:-.3in;text-justify:inter-ideograph;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12
  under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p align="left" style="margin:0in 0in .0001pt .3in;text-align:left;text-indent:-.3in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in .7in .0001pt 0in;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;"> &nbsp;&nbsp;Pre-commencement communications
  pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR
  240.14d-2(b))</font></p>
  
  <p align="left" style="margin:0in .7in .0001pt 0in;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in .7in .0001pt 0in;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;"> &nbsp;&nbsp;Pre-commencement communications
  pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR
  240.13e-4(c))</font></p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p align="left" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <div align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\eudelhofen\08-12831-2\task2910477\12831-2-ba.htm',USER='eudelho',CD='May  1 16:05 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ITEM 7.01.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">REGULATION
  FD DISCLOSURE.</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In response to questions posed on its first quarter 2008 conference
  call with investors on April 28, 2008, IHOP Corp. (the &#147;Company&#148;) has elected
  to furnish the following additional information:</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company anticipates that its effective tax rate for fiscal 2008
  will be similar to the effective tax rate experienced in the first quarter 2008,
  reflecting an expected continuing benefit of compensation-related Tax Credits
  associated with Applebee&#146;s company-owned restaurant operations.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s current intention is to complete a sale-leaseback of 191
  company-owned Applebee&#146;s restaurants, and use the proceeds to repay $350
  million outstanding under the Company&#146;s Series 2007-1 Class A-2-I-X Fixed Rate
  Term Senior Notes (the &#147;Class A-2-I-X Notes&#148;).&#160;
  However, the Company has not yet determined how or when the properties
  will be sold.&#160; The sale-leaseback
  transactions may be effected in a single, large transaction, through a series
  of smaller transactions effected over a period of time, or in some other
  fashion.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Until the Company determines how and when the sale-leaseback
  transactions are likely to be effected, it will not provide any estimate of
  expected after-tax cash proceeds from the sale-leaseback transactions.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The terms of the Class A-2-I-X Notes obligate the Company to use the
  proceeds from the sale-leaseback transactions to repay the Class A-2-I-X Notes.&#160; If the Company repays the Class A-2-I-X Notes
  in whole or in part after June 20, 2008, and before December 2012, it will be
  required to make certain &#147;make whole&#148; payments on the Class A-2-I-X Notes.&#160; Such make whole payments will generally be
  equivalent to the difference between (a) the net present value of all remaining
  interest and principal payments related to the early pay down amount assuming a
  December 2012 repayment date and (b) the principal only related to the early
  pay down amount.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Class A-2-I-X Notes, in whole or in part, remain outstanding
  after June 20, 2008, the interest rate applied to the outstanding balance is
  subject to adjustment. The &#147;adjusted interest rate&#148; would be the greater of (i)
  the current coupon rate; or (ii) a variable per annum rate equal to a specified
  swap rate plus 3.355%. As of April&nbsp;30, 2008 the adjusted interest rate is
  less than the coupon rate. The formula for calculating the make whole and
  adjusted interest rate is set forth in the Indenture and related Supplements
  governing the Class A-2-I-X Notes.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-1.0in;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For further information on the Company&#146;s Series 2007-1 Class A-2-I-X
  Fixed Rate Term Senior Notes, refer to Exhibit 4.22 included in the Company&#146;s
  Annual Report on Form 10-K for the year ended December 31, 2007.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The preceding paragraph contains forward-looking statements provided by
  IHOP Corp. pursuant to the safe harbor established under the Private Securities
  Litigation Reform Act of 1995. These statements involve known and unknown
  risks, uncertainties and other factors, which may cause the actual results to
  be materially different than those expressed. These factors include, but are
  not limited to the factors identified from time to time in the Company&#146;s news
  releases, public statements and/or filings with the Securities and Exchange
  Commission, especially the &#147;Risk Factors&#148; sections of Annual and Quarterly
  Reports on Forms 10-K and 10-Q. IHOP Corp. disclaims any intent or obligation
  to update this forward-looking information.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information set forth in response to this item shall not be deemed
  &#147;filed&#148; for purposes of Section 18 of the Exchange Act, and is not incorporated
  by reference into any filing under the Securities Act of 1933, as amended, or
  the Exchange Act, regardless of any general incorporation language in such
  filing.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
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  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\eudelhofen\08-12831-2\task2910477\12831-2-ba.htm',USER='eudelho',CD='May  1 16:05 2008' -->
  
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934,
  the Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: May 1, 2008</font></p>
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    <td width="51%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:51.84%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IHOP CORP.</font></p>
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="51%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:51.84%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
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    <td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:48.24%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas G. Conforti</font></p>
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.24%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas G. Conforti</font></p>
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.24%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer<i>  </i>(<i>Principal</i></font></p>
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    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.24%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-justify:inter-ideograph;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Financial Officer</font></i><font size="2" style="font-size:10.0pt;">)</font></p>
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-12831_28k.htm", "description": "8-K", "secsgml_size_bytes": 28536}]
metadata_filer: {"company-data": {"conformed-name": "IHOP CORP", "cik": "0000049754", "assigned-sic": "6794", "irs-number": "953038279", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15283", "film-number": "08795645"}, "business-address": {"street1": "450 N BRAND BLVD 3RD FLR", "city": "GLENDALE", "state": "CA", "zip": "91203-1903", "phone": "8182406055"}}
text: UNITED STATES
  SECURITIES AND EXCHANGE
  COMMISSION
  WASHINGTON,
  DC 20549
  FORM 8-K
  CURRENT
  REPORT
  Pursuant
  to Section 13 or 15(d) of the
  Securities
  Exchange Act of 1934
  Date of report (Date of earliest event reported)
  May 1, 2008
  IHOP Corp.
  (Exact Name of Registrant as Specified in Charter)
  Delaware
  001-15283
  95-3038279
  (State
    or Other Jurisdiction
  of
    Incorporation)
  (Commission
  File Number)
  (IRS
    Employer
  Identification
    No.)
  450 North Brand, Glendale, California
  91203
  (Address of Principal Executive Offices)
  (Zip Code)
  (818) 240-6055
  (Registrant's telephone number, including area code)
  Not applicable
  (Former
  Name or Former Address, if Changed Since Last Report)
  Check the appropriate box below
  if the Form 8-K filing is intended to simultaneously satisfy the filing
  obligation of the Registrant under any of the following provisions:
  o
  Written communications pursuant
  to Rule 425 under the Securities Act (17 CFR 230.425)
  o
  Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications
  pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
  o
  Pre-commencement communications
  pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
  ITEM 7.01.
  REGULATION
  FD DISCLOSURE.
  In response to questions posed on its first quarter 2008 conference
  call with investors on April 28, 2008, IHOP Corp. (the "Company") has elected
  to furnish the following additional information:
  The Company anticipates that its effective tax rate for fiscal 2008
  will be similar to the effective tax rate experienced in the first quarter 2008,
  reflecting an expected continuing benefit of compensation-related Tax Credits
  associated with Applebee's company-owned restaurant operations.
  The Company's current intention is to complete a sale-leaseback of 191
  company-owned Applebee's restaurants, and use the proceeds to repay $350
  million outstanding under the Company's Series 2007-1 Class A-2-I-X Fixed Rate
  Term Senior Notes (the "Class A-2-I-X Notes"). 
  However, the Company has not yet determined how or when the properties
  will be sold.  The sale-leaseback
  transactions may be effected in a single, large transaction, through a series
  of smaller transactions effected over a period of time, or in some other
  fashion.
  Until the Company determines how and when the sale-leaseback
  transactions are likely to be effected, it will not provide any estimate of
  expected after-tax cash proceeds from the sale-leaseback transactions.
  The terms of the Class A-2-I-X Notes obligate the Company to use the
  proceeds from the sale-leaseback transactions to repay the Class A-2-I-X Notes.  If the Company repays the Class A-2-I-X Notes
  in whole or in part after June 20, 2008, and before December 2012, it will be
  required to make certain "make whole" payments on the Class A-2-I-X Notes.  Such make whole payments will generally be
  equivalent to the difference between (a) the net present value of all remaining
  interest and principal payments related to the early pay down amount assuming a
  December 2012 repayment date and (b) the principal only related to the early
  pay down amount.
  If the Class A-2-I-X Notes, in whole or in part, remain outstanding
  after June 20, 2008, the interest rate applied to the outstanding balance is
  subject to adjustment. The "adjusted interest rate" would be the greater of (i)
  the current coupon rate; or (ii) a variable per annum rate equal to a specified
  swap rate plus 3.355%. As of April 30, 2008 the adjusted interest rate is
  less than the coupon rate. The formula for calculating the make whole and
  adjusted interest rate is set forth in the Indenture and related Supplements
  governing the Class A-2-I-X Notes.
  For further information on the Company's Series 2007-1 Class A-2-I-X
  Fixed Rate Term Senior Notes, refer to Exhibit 4.22 included in the Company's
  Annual Report on Form 10-K for the year ended December 31, 2007.
  The preceding paragraph contains forward-looking statements provided by
  IHOP Corp. pursuant to the safe harbor established under the Private Securities
  Litigation Reform Act of 1995. These statements involve known and unknown
  risks, uncertainties and other factors, which may cause the actual results to
  be materially different than those expressed. These factors include, but are
  not limited to the factors identified from time to time in the Company's news
  releases, public statements and/or filings with the Securities and Exchange
  Commission, especially the "Risk Factors" sections of Annual and Quarterly
  Reports on Forms 10-K and 10-Q. IHOP Corp. disclaims any intent or obligation
  to update this forward-looking information.
  The information set forth in response to this item shall not be deemed
  "filed" for purposes of Section 18 of the Exchange Act, and is not incorporated
  by reference into any filing under the Securities Act of 1933, as amended, or
  the Exchange Act, regardless of any general incorporation language in such
  filing.
  2
  SIGNATURE
  Pursuant to the requirements of the Securities Exchange Act of 1934,
  the Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  Date: May 1, 2008
  IHOP CORP.
  By:
  /s/ Thomas G. Conforti
  Thomas G. Conforti
  Chief Financial Officer
  (
  Principal
  Financial Officer
  )
  3