THE CHEESECAKE FACTORY INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

2. Investments and Marketable Securities:

Investments and marketable securities consisted of (in thousands):

                Balance            
        Fair Unrealized   Sheet            
Classification   Cost   Value   Gain   Amount      Maturity        


At December 30, 2003:
Current assets:
Available-for-sale securities:
   Corporate debt securities    $ 11,331    $ 11,347    $ 16    $ 11,347      January 2004 to December 2004  
   U.S. Treasury securities   22,604   22,641   37   22,641      February 2004 to November 2004  



      Total $ 33,935 $ 33,988 $ 53 $ 33,988            




Other assets:
                           
Available-for-sale securities:                            
Corporate debt securities $ 28,469 $ 28,535 $ 66 $ 28,535      February 2005 to March 2009  
   U.S. Treasury securities   59,687   59,317   (370)   59,317      January 2005 to February 2019  



      Total $ 88,156 $ 87,852 $ (304) $ 87,852            




At December 31, 2002:
                           
Current assets:                            
Available-for-sale securities:                            
   Corporate debt securities $ 10,177 $ 10,296 $ 119 $ 10,296      February 2003 to December 2003  
   U.S. Treasury securities   1,500   1,523   23   1,523      November 2003    



      Total $ 11,677 $ 11,819 $ 142 $ 11,819            




Other assets:
                           
Available-for-sale securities:                            
   Corporate debt securities $ 25,061 $ 26,052 $ 991 $ 26,052      April 2004 to August 2006  
   U.S. Treasury securities   64,129   65,582   1,453   65,582      February 2004 to November 2007  



      Total $ 89,190 $ 91,634 $ 2,444 $ 91,634