EXHIBIT 99.1


                                                                      Contact:
                                       Georgeson Shareholder Communications Inc.
                                                                  (800) 223-2064


FRANKLIN COVEY CO.
2200 West Parkway Boulevard
Salt Lake City, Utah  84119-2331
www.franklincovey.com


                      FRANKLIN COVEY ANNOUNCES TENDER OFFER
                    FOR 7.3 MILLION SHARES AT $6.00 PER SHARE

Salt Lake City, Utah (NYSE:  FC) - November 26, 2001 - Franklin Covey, a leading
global learning and performance solutions firm, today announced its tender offer
for up to 7,333,333 shares of its outstanding  common stock for $6.00 per share.
The offer will be open  through  Midnight,  Eastern  Time,  December  21,  2001.
Holders will have until then, unless the offering period is extended by Franklin
Covey,  to tender  their  shares to the  Depositary  or to  withdraw  previously
tendered  shares.  Shares  can only be  tendered  under  cover of the  Letter of
Transmittal which will be sent to Franklin Covey stockholders.

The  tender  offer is not  conditioned  on any  minimum  number of shares  being
tendered. It is, however,  subject to other conditions set forth in the Offer to
Purchase and the related Letter of Transmittal,  including the completion of the
pending sale of Franklin Covey's wholly-owned subsidiary,  Premier Agendas, Inc.
Franklin Covey has retained ThinkEquity  Partners LLC and Georgeson  Shareholder
Securities  Corporation  to  act  as  Dealer  Managers,   Georgeson  Shareholder
Communications  Inc. to act as Information Agent and Alpine Fiduciary  Services,
Inc. to act as Depositary in connection with the tender offer.

FRANKLIN  COVEY'S  BOARD OF DIRECTORS HAS APPROVED THE OFFER.  HOWEVER,  NEITHER
FRANKLIN  COVEY NOR ITS BOARD OF DIRECTORS IS MAKING ANY  RECOMMENDATION  TO ITS
STOCKHOLDERS  AS TO WHETHER TO TENDER OR REFRAIN FROM  TENDERING  THEIR  SHARES.
STOCKHOLDERS  MUST MAKE THEIR OWN  DECISION AS TO WHETHER TO TENDER THEIR SHARES
AND, IF SO, HOW MANY SHARES TO TENDER.

This press release is not an offer to purchase nor a solicitation of an offer to
sell shares of Franklin  Covey.  Holders of common  stock will  receive,  or can
request copies of, the Offer to Purchase and the Letter of  Transmittal  and are
advised  to read  these  documents  carefully  because  they  contain  important
information about the tender offer. The information  required to be disclosed in
response to Rule 13e-4(d)(1) of the Exchange Act is incorporated  herein by this
reference  from the  Offer to  Purchase  and  related  documents.  The  Offer to
Purchase and other  documents filed by the Company in connection with the tender
offer are  available  for free at the  website of the  Securities  and  Exchange
Commission  (www.sec.gov) or from the Information Agent.  Franklin Covey will be
mailing the offer to purchase, the transmittal letter and accompanying documents
to its  stockholders.  Stockholders  who do not  receive  a copy or who  wish to
request a copy of the tender  offer  documents  should  contact the  Information
Agent,  Georgeson Shareholder  Communications Inc., at (800) 223-2064. The offer
to purchase shares will not be made to, and tenders will not be accepted from or
on behalf of, holders of shares in any jurisdiction in which making or accepting
the offer to purchase would violate that jurisdiction's laws.

ABOUT  FRANKLIN  COVEY  CO.

Franklin Covey Co. is a leading learning and performance services firm assisting
professionals and organizations in measurably  increasing their effectiveness in
leadership,  productivity,  communication  and sales.  Clients include 80 of the
Fortune 100, more than  three-quarters  of the Fortune 500,  thousands of small-
and mid-sized businesses, as well as numerous government entities. Organizations
and professionals access Franklin Covey services and products through consulting
services,  licensed client facilitators,  one-on-one coaching, public workshops,
catalogs,   more   than   160   retail   stores,    www.franklincovey.com    and
www.franklinplanner.com.  More than  3,500  Franklin  Covey  associates  provide
professional services and products in 44 offices in 38 countries.

