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To: paul goldstein who wrote (1188)	5/2/1998 9:22:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 1567

FYI "Frederickson said, "Mike accomplished what he came here to do three years ago, and we wish him well in his new endeavors." " VICORP Accepts Resignation of CEO Business Wire - April 30, 1998 21:48 %VICORP VRES %COLORADO %RESTAURANTS %MANAGEMENT %CHANGES V%BW P%BW DENVER--(BUSINESS WIRE)--April 30, 1998--Charles R. Frederickson, Chairman of the board of directors of VICORP Restaurants, Inc., (NASDAQ:VRES) announced today that the Company has accepted the resignation of J. Michael Jenkins, President, Chief Executive Officer, and member of the VICORP board of directors. Jenkins, whose resignation is effective immediately, is leaving to pursue another opportunity in the restaurant industry. Frederickson said, "Mike accomplished what he came here to do three years ago, and we wish him well in his new endeavors." Frederickson has assumed the duties of the President and CEO and will begin immediately the search process for selecting a new President and CEO. VICORP operates and franchises approximately 356 mid-scale family-type restaurants, principally under the names Bakers Square and Village Inn, with concentrations in the Rocky Mountain region, upper Midwest, California, Arizona and Florida. Except for historical information contained herein, the matters discussed in this release are forward looking statements that involve risks and uncertainties. Such factors that could influence future performance include, but are not limited to, the effect of economic conditions, government initiatives, food commodity prices and availability, competition, labor availability, the weather, and other risks detailed in the Company's Securities and Exchange Commission filing. 400 West 48th Avenue Denver Colorado 80216 Telephone 303-296-2121 CONTACT: For Information call: 303-296-2121