Outback Steakhouse, Inc. and Affiliates
Notes to Consolidated Financial Statements



13. Related Party Transactions

   During 1998, the Company leased/chartered an airplane from a Corporation owned by two officers/directors of the Company. Airplane lease/charter payments for the year ended December 31, 1998 totalled approximately $90,000. During December 1998, the Company purchased, at fair market value, an aircraft from a corporation owned by two officers/directors of the Company for a purchase price of $1,350,000.

   During 1999, the Company purchased, at original price, an 18% ownership interest in a motor speedway for $592,000 from a partnership in which three officers/directors are partners. The investment is included in the line item in the Company's Consolidated Balance Sheets entitled "Investments in and advances to unconsolidated affiliates."

   During 2000, a member of the Board of Directors made a $120,000 investment in limited partnerships of a joint venture. Subsequent to year end, Mr. Lee Roy Selmon, a member of the Board of Directors invested approximately $101,000 for a 10% interest in the operations of a Company owned restaurant which bears his name and to which he is making a material image contribution.