In the first of the two transactions, Famous Dave's signed anagreement for the development of six new franchise restaurants inthe Milwaukee and Green Bay area and simultaneously entered into anagreement to sell its three Wisconsin restaurants to the newfranchise group. In the second transaction, Famous Dave's sold itsrestaurant in Rochester, MN to Competition BBQ, headed by JohnNermyr, which in turn agreed to develop two additional restaurantsin out-state Minnesota.

The four restaurants are being sold for a total of $3.7 million.Famous Dave's anticipates closing on the sale of the threeWisconsin restaurants in mid-February, 2002, pending third-partycontingencies. Total annual revenues for the four restaurants wereapproximately $7.2 million.

With the new deals, Famous Dave's of America now has 80franchised restaurants either open or with commitments to open. Thecompany now owns 36 locations and franchises an additional 19 unitsin Alabama, Georgia, Illinois, Indiana, Iowa, Maryland, Minnesota,Nebraska, South Dakota, Tennessee Utah, Virginia and Wisconsin andhas signed development agreements for an additional 61 franchisedlocations.