Tricon Global Restaurants Discusses 2001 Expectations and Longer Term Growth Targets <b></b>

Louisville, KY-Tricon Global Restaurants Inc.-franchisorof the KFC, Pizza Hut and Taco Bell brands-hosted its secondbiennial analyst/investor conference, during which executivesreviewed 2001 earnings expectations and strategies. In 2001, thecompany expects that:

--will effectively complete its refranchising strategy, with thesale of about 300 restaurants to franchisees. At that time, thecompany will own approximately 20 percent of the total systemrestaurants. As in prior years, revenues will decline about 1percent primarily as a result of the company's strategy torefranchise restaurants.

--will open 1,350 new global restaurants including 850internationally.

--U.S. blended-same-store sales will grow 2 to 3 percent.

--system sales will be up 4 to 5 percent.

--international system sales will grow by 5 percent. Within thisforecast, the company anticipates a roughly 2 to 3 point negativeimpact from foreign exchange rates. This is expected to beparticularly impactful in the first half of 2001.

--franchise fees will grow 6 to 7 percent.

--restaurant margins will increase to more than 15 percent.

--expenditures on general and administrative costs will be flatto slightly higher in dollar terms year over year.

--the effective tax rate on operating earnings will be roughly38 percent.

--interest expense will increase by 7 to 9 percent.

--ongoing operating earnings will increase by 7 to 8percent.

--returns on invested capital will be at least 18 percent andcash flow prior to capital expenditures will be about $1 billion.-Business Wire