KENTUCKY FRIED CHICKEN FOUNDATION CHANGES LIVES WITH COLLEGE SCHOLARSHIPS

Foundation to Award 50 Scholarships Worth Up to $20,000 Each

LOUISVILLE, KY – The Kentucky Fried Chicken Foundation, an independent non-profit foundation established by KFC, announces the search for this year’s Colonel’s Scholars. The program, founded on Colonel Sanders’ belief in education and faith in an entrepreneurial spirit, is looking for accomplished high school seniors planning to attend a public in-state college or university. The students selected will receive up to $20,000 over four years in order to complete a bachelor’s degree program.

This is the second year for the Colonel’s Scholars program, and the Kentucky Fried Chicken Foundation plans to make the scholarship giving an annual event. The 2006 selection process chose 50 high school students from 30 states across the country to receive the scholarships.

“Knowing that Colonel Sanders was a strong advocate of education, the Colonel’s Scholars Program provides high school seniors with opportunities they might not have had otherwise,” said Gregg Dedrick, President and Chief Concept Officer of KFC Corporation and Chairman of the Board of the Foundation.

The Kentucky Fried Chicken Foundation Board, with the help of a neutral educational company, will sort through thousands of applications and choose 50 scholars again this year. The winning students must meet pre-determined criteria, including earning a 2.75 grade point average, demonstrating financial need and answering essay questions. The scholars must also convey qualities like motivation and perseverance.

“I’m looking forward to monitoring the progress of each one of the scholarship recipients,” said Darlene Pfeiffer, franchisee and Foundation Board Member. “By renewing the scholarship every year, we are making a major impact in the lives of these scholars, and we welcome them as part of the KFC family.”

This year’s KFC Colonel’s Scholars program will continue to accept applications through February 16, 2007. Fifty winners will be announced in May. Scholarships may be used to fund tuition, books, school fees, and room and board for up to $5,000 per year. Interested students may visit www.kfc.com for more information or to apply on-line.

About KFC Foundation
KFC Colonel’s Scholars is a program of the Kentucky Fried Chicken Foundation, Inc., an independent 501(c)3 charity funded by KFC, its employees, franchisees and KFC patrons. The Foundation helps provide high school students scholarship resources to attend post-secondary schools in their states of residence. KFC Colonel’s Scholars and the Kentucky Fried Chicken Foundation are registered trademarks of KFC.

About KFC
KFC Corporation, based in Louisville, Ky., is the world's most popular chicken restaurant chain specializing in Original Recipe®, Extra Crispy™ and Colonel's Crispy Strips® with home-style sides, Honey BBQ Wings, and freshly made chicken sandwiches.  There are more than 14,000 KFC outlets in more than 80 countries and territories around the world, serving some eight million customers each day.  KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM.)