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                                                                    EXHIBIT 99.1



          VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 PM
                 [____________________] TIME ON [___________] *

                           J. ALEXANDER'S CORPORATION
                            SUBSCRIPTION CERTIFICATE
               TO BE USED TO SUBSCRIBE FOR SHARES OF COMMON STOCK

DEAR SHAREHOLDER,

As a registered owner of this Subscription Certificate, you are entitled to
purchase shares of the common stock of J. Alexander's Corporation pursuant to
the terms and conditions set forth in the enclosed Prospectus which describes
the Rights Offering. This is a non-transferable right, and only you can exercise
it.

   
You will receive 1.0 right for each share of common stock of record you held on
May __, 1999 (the "Record Date"). Each right entitles you to purchase 0.2 share
of common stock for $3.75 per share. For every five rights you receive, you will
be entitled to purchase 1 new share of common stock. See the box below which
calculates how many shares you are entitled to purchase through the offering
(Basic Subscription Right). As an example, if you owned 100 shares on May __,
1999, you would be entitled to purchase 20 new shares of J. Alexander's
Corporation's common stock. No fractional shares will be issued; any remaining
fractional share will be rounded up to the nearest whole number of shares.

The new shares of common stock will be issued as soon as practicable after the
expiration of the rights exercise period on June ___, 1999.

--------------------------------------------------------------------------------
                          FULL BASIC SUBSCRIPTION RIGHT

        Number of shares you owned on May __, 1999 ______ * 0.2 = ______
                      shares you are entitled to purchase
 
                         (round up fractions of shares)
--------------------------------------------------------------------------------

J. Alexander's has caused the facsimile signatures of its duly authorized
officers to be printed below.



Vice President, Chief Financial                  Chairman, President and
Officer and Secretary                            Chief Executive Officer


YOU HAVE THREE CHOICES:

1. You can subscribe for all the new shares listed in the box above 
   (the "Basic Subscription Right"),

2. You can subscribe for less than the number of new shares listed in the 
   box above, or

3. If you do not wish to purchase new shares, disregard this material.
    

ENTER ONE CHOICE ONLY:

[ ] 1. I wish to apply for the Basic Subscription Right.

         Enter number of shares  ____________ x $3.75 = Total Due $_____________

[ ] 2. I wish to apply for less than the number of new shares listed above
         Enter number of shares  ____________ x $3.75 = Total Due $_____________

   
Control No._______________                            Account No._______________
    



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                   SUBSCRIPTION RIGHTS EXERCISE INSTRUCTIONS
           REFER TO ACCOMPANYING PROSPECTUS FOR DETAILED INSTRUCTIONS
    

IN ORDER TO PURCHASE SHARES OF J. ALEXANDER'S CORPORATION PURSUANT TO THE RIGHTS
OFFERING, PLEASE BE SURE TO:

1. COMPLETE THE INFORMATION ON THE FRONT OF THIS CERTIFICATE.

2. SIGN BELOW.

   
3. RETURN THIS COMPLETED AND SIGNED CERTIFICATE TOGETHER WITH PAYMENT AS
CALCULATED ON THE FRONT OF THIS CERTIFICATE TO SUNTRUST BANK, NASHVILLE, N.A.,
IN THE ENVELOPE PROVIDED BEFORE 5:00 P.M., CENTRAL DAYLIGHT TIME ON JUNE ___,
1999* (THE "EXPIRATION DATE"). REMEMBER, FULL PAYMENT MUST BE MADE IN UNITED
STATES DOLLARS BY MONEY ORDER OR CHECK DRAWN ON A BANK LOCATED IN THE UNITED
STATES AND MADE PAYABLE TO "SUNTRUST BANK, NASHVILLE, N.A., AS SUBSCRIPTION
AGENT" OR BY WIRE TRANSFER. NO THIRD PARTY CHECKS WILL BE ACCEPTED.
    

4. ALTERNATIVELY, YOU MAY CONTACT YOUR BROKER AND COMPLETE A NOTICE OF
GUARANTEED DELIVERY FORM.

   
                                       J. ALEXANDER'S CORPORATION
    
SIGNATURE

I acknowledge that I have received the Prospectus for this rights offering, and
I hereby irrevocably subscribe for the number of new shares indicated on the
front of this certificate on the terms and conditions specified in the
Prospectus.

I hereby agree that if I fail to pay in full for the shares for which I have
subscribed, J. Alexander's Corporation may exercise any of the remedies provided
for in the Prospectus.


Print Name of Subscriber(s)       ______________________________________

Signature of Subscriber(s)        ______________________________________

Signature Guarantee if required   ______________________________________

(Please sign here)                ______________________________________

Telephone number (including area code):_________________________

   
If you wish to have your shares or refund check (if any) delivered to another
address other than that listed on this subscription certificate, you must have
your signature guaranteed. Appropriate signature guarantors include: banks and
savings associations, credit unions, member firms of a national securities
exchange, municipal securities dealers and government securities dealers. Please
provide delivery address below and please note if it is a permanent change.
    

Other Address___________________________________________________________________


* Unless offer is extended



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