<SUBMISSION>
<ACCESSION-NUMBER>0000950144-05-007949
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050726
<ITEMS>1.01
<ITEMS>2.02
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20050729
<DATE-OF-FILING-DATE-CHANGE>20050729
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ALEXANDERS J CORP
<CIK>0000103884
<ASSIGNED-SIC>5812
<IRS-NUMBER>620854056
<STATE-OF-INCORPORATION>TN
<FISCAL-YEAR-END>0103
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-08766
<FILM-NUMBER>05985744
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3401 WEST END AVE
<STREET2>P O BOX 24300
<CITY>NASHVILLE
<STATE>TN
<ZIP>37203
<PHONE>6152691900
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3401 WEST END AVE
<STREET2>SUITE 260
<CITY>NASHVILLE
<STATE>TN
<ZIP>37203
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VOLUNTEER CAPITAL CORP / TN /
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WINNERS CORP
<DATE-CHANGED>19890910
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VOLUNTEER CAPITAL CORP
<DATE-CHANGED>19820520
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g96497e8vk.htm
<DESCRIPTION>J. ALEXANDER'S CORPORATION
<TEXT>
<HTML>
<HEAD>
<TITLE>J. Alexander's Corporation</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">



<P align="center" style="font-size: 10pt"><B>CURRENT REPORT</B>



<P align="center" style="font-size: 10pt"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>



<P align="center" style="font-size: 10pt">Date of Report (Date of
earliest event reported): July&nbsp;29, 2005 (July&nbsp;26, 2005)


<P align="center" style="font-size: 24pt"><B>J. ALEXANDER&#146;S CORPORATION<BR>
<HR size="1" noshade width="100%" align="center" color="#000000"></B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Tennessee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1-08766
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">62-0854056</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">3401 West End Avenue, Suite&nbsp;260, P.O. Box 24300, Nashville, Tennessee 37202<BR>
<HR size="1" noshade width="100%" align="center" color="#000000">


<DIV align="center" style="font-size: 10pt">(Address of principal executive offices) (Zip Code)</DIV>



<P align="center" style="font-size: 10pt">(615)&nbsp;269-1900<BR>
<HR size="1" noshade width="100%" align="center" color="#000000">


<DIV align="center" style="font-size: 10pt">(Registrant&#146;s telephone number, including area code)</DIV>



<P align="center" style="font-size: 10pt">Not Applicable<BR>
<HR size="1" noshade width="100%" align="center" color="#000000">


<DIV align="center" style="font-size: 10pt">(Former name or former address, if changed since last report)</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General
Instruction A.2. below):

<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act
(17 CFR 230.425)


<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17
CFR 240.14a-12)


<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))


<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">








<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;1.01 Entry into a Material Definitive Agreement.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;2.02. Results of Operations and Financial Condition.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;9.01. Financial Statements and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g96497exv99w1.txt">Ex-99.1  Press Release dated July 27, 2005</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link2 "Item&nbsp;1.01 Entry into a Material Definitive Agreement." -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July&nbsp;26, 2005, the
Board of Directors of J. Alexander&#146;s Corporation (the
&#147;Company&#148;) approved the grant of an option to purchase
1,000 shares of the Company&#146;s Common Stock at an exercise price
of $9.03 per share, the closing sales price of the Common Stock on
the American Stock Exchange on the date of grant, to each of the Company&#146;s non-employee
directors, including E. Townes Duncan, Joseph N. Steakley, Garland
Fritts, Brenda Rector, and J. Bradbury Reed. The options were granted
pursuant to the Company&#146;s 2004 Equity Incentive Plan and become
exercisable on the first anniversary of the date of grant, or earlier
upon a change in control as defined in the 2004 Equity Incentive Plan.

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each recipient&#146;s option
award agreement contains provisions dealing with, among other things,
(i) the effect on the award of the termination of service as a
director, (ii) transferability of the option and (iii) the manner in
which the recipient can exercise the option. The form of
Non-Qualified Stock Option Agreement for these options is filed
herewith as Exhibit 10.1.

<!-- link2 "Item&nbsp;2.02. Results of Operations and Financial Condition." -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.02. Results of Operations and Financial Condition.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July&nbsp;27, 2005, J. Alexander&#146;s Corporation issued a press release announcing its financial
results for the second quarter ended July&nbsp;3, 2005, the text of which is set forth in
Exhibit&nbsp;99.1.

<!-- link2 "Item&nbsp;7.01. Regulation&nbsp;FD Disclosure." -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.&nbsp;Alexander&#146;s
Corporation&#146;s press release announcing its financial results for
the second quarter and year ended July&nbsp;3, 2005 is furnished as Exhibit&nbsp;99.1.

<!-- link2 "Item&nbsp;9.01. Financial Statements and Exhibits." -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Exhibits:

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Directors&#146; Non-Qualified
Stock Option Agreement. Incorporated by reference to Exhibit 10.2 to
the Company&#146;s Quarterly Report on Form 10-Q filed with the SEC
on November 10, 2004.

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibit is furnished herewith:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated July&nbsp;27, 2005.


<P align="center" style="font-size: 10pt">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURE" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">Date: July 29, 2005&nbsp;</TD>
    <TD colspan="3" align="left">J. ALEXANDER&#146;S CORPORATION<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/  R. Gregory Lewis
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">R. Gregory Lewis&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer, Vice
President of Finance and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->



<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Directors&#146; Non-Qualified
Stock Option Agreement. Incorporated by reference to Exhibit 10.2 to
the Company&#146;s Quarterly Report on Form 10-Q filed with the SEC
on November 10, 2004.</DIV></TD>
</TR>



<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Press
Release issued by J. Alexander&#146;s Corporation dated July&nbsp;27, 2005</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">4
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g96497exv99w1.txt
<DESCRIPTION>EX-99.1  PRESS RELEASE DATED JULY 27, 2005
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1

(J. ALEXANDER'S CORPORATION(R) LOGO)

                                                                    NEWS RELEASE
                                                                        AMEX:JAX


FOR IMMEDIATE RELEASE                                 CONTACT: R. Gregory Lewis
---------------------                                          (615) 269-1900


                  J. ALEXANDER'S CORPORATION ANNOUNCES RESULTS
                    FOR SECOND QUARTER AND FIRST HALF OF 2005

                       SECOND QUARTER NET INCOME RISES 71%
                          ON NET SALES INCREASE OF 3.7%

         NASHVILLE, TN., July 27, 2005 - J. Alexander's Corporation (AMEX: JAX)
today announced operating results for the second quarter and first half of 2005.

         Lonnie J. Stout II, chairman, president and chief executive officer,
said income before income taxes for the second period ended July 3, 2005 reached
$1,296,000, up 55% from income before income taxes of $837,000 in the same
period a year earlier. Net income for the second quarter of 2005 rose 71% to
$984,000, or $ .14 per diluted share, on net sales of $30,953,000. In the year
earlier reporting period, the Company's net income was $576,000, or $ .09 per
diluted share, and net sales were $29,847,000.

         "We recorded solid gains in net income during the quarter and were able
to maintain same store sales growth, although at a slightly lower pace than
during the first period of 2005," Stout said. "By raising our menu prices and
changing to a modified a la carte pricing format in early April, we were able to
significantly lower our cost of sales percentage," he explained.

         Stout noted that while the Company's guest check average rose by over
7% and same store sales increased by 3.6%, guest count losses of approximately
4% were somewhat greater than expected and were of some concern, particularly in
restaurants located in smaller markets.


                          ----------------------------
                3401 West End Avenue, Suite 260 - P.O. Box 24300
     Nashville, Tennessee 37202 - Phone (615) 269-1900 - Fax (615) 269-1999

<PAGE>
J. Alexander's Corporation - Second Quarter 2005 - Page 2


          "We believe that our price increase and modified a la carte pricing
have resulted in positive benefits to the Company," Stout observed. "During the
recent quarter, these changes not only reduced our cost of sales to an
acceptable level of 32.6% of net sales, but also helped offset increases in
state minimum wages as well as increases in other operating expenses. Our
restaurant margins climbed to 12.9% of net sales in the second quarter of 2005
from 11.8% of net sales in the reporting period a year ago."

         J. Alexander's Corporation had average weekly same store sales per
restaurant of $89,000 in the quarter just ended, up 3.6% from $85,900 posted in
the corresponding quarter of 2004. These same store sales results are based on
27 restaurants open for more than 18 months. The Company's average weekly sales
per restaurant were $88,000 for the second quarter of 2005, up 3.8% from $84,800
recorded in the comparable quarter of the previous year.

         For the first six months of 2005, J. Alexander's Corporation recorded
income before income taxes of $2,546,000, up from income before income taxes of
$2,244,000 achieved in the first two periods of 2004. The Company's net income
for the first half of 2005 reached $1,933,000, or $.28 per diluted share, an
increase of 27% from net income of $1,524,000, or $.22 per diluted share,
achieved in the same two quarters of 2004.

         J. Alexander's Corporation had average weekly same store sales per
restaurant of $91,200 for the first six months of 2005. This represents a gain
of 3.8% over average weekly same store sales per restaurant of $87,900 in the
corresponding six months of 2004. These same store sales results are based on 27
restaurants open for more than 18 months. The Company's average weekly sales per
restaurant for the first half of 2005 rose 4.2% to $89,700 from average weekly
sales per restaurant of $86,100 recorded in the same two quarters of the
previous year.


<PAGE>
J. Alexander's Corporation - Second Quarter 2005 - Page 3


            "We do not expect our same store sales growth rate to increase
appreciably for the next several months, and we could see further slowing,"
Stout said. "We expect that guest count decreases will remain in the 2% to 4%
range.

         "Some of the restaurants in our smaller markets have experienced
greater resistance to our pricing changes," he explained. "We are continuing to
seek to increase the value perception of J. Alexander's products and service in
these markets and will make additional menu modifications if we believe they
would be helpful in improving our performance.

         "While we expect further pressure on operating costs, we believe that
the steps we have taken will continue to have a positive impact on our sales and
operating margins for the third and fourth quarters of 2005," he said. Stout
added that the Company expects to open its 28th restaurant, now under
construction, in the fourth quarter of the current year.

         J. Alexander's Corporation presently owns 27 J. Alexander's
contemporary, upscale, American casual dining restaurants which place a special
emphasis on food quality and professional service. The Company's restaurants are
located in Alabama, Colorado, Florida, Georgia, Illinois, Kansas, Kentucky,
Louisiana, Michigan, Ohio, Tennessee and Texas. The Company is based in
Nashville, Tennessee.

         This press release contains forward-looking statements that involve
risks and uncertainties. Actual results, performance or developments could
differ materially from those expressed or implied by those forward-looking
statements as a result of known or unknown risks, uncertainties and other
factors. These risks, uncertainties and factors include the Company's ability to
increase sales in certain of its restaurants, especially two of the newer
restaurants that are not performing at satisfactory levels; changes in business
or economic conditions, including rising food costs and product shortages; the
number and timing of new restaurant openings and its ability to operate them
profitably; competition within the casual dining industry, which is very
intense; competition by our new restaurants with our existing restaurants in the
same vicinity; changes in consumer spending, consumer tastes, and consumer
attitudes toward nutrition and health; expenses incurred if the Company is the
subject of claims or litigation or increased governmental regulation; changes in
accounting standards, which may affect the Company's reported results of
operations; and expenses the Company may incur in order to comply with changing
corporate governance and public disclosure requirements of the Securities and
Exchange Commission and the American Stock Exchange. These as well as other
factors are discussed in detail in the Company's filings made with the
Securities and Exchange Commission and other communications.


<PAGE>
J. Alexander's Corporation - Second Quarter 2005 - Page 4


J. ALEXANDER'S CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                       Quarters Ended             Six Months Ended
                                                   ----------------------      ----------------------
                                                    JULY 3        June 27       JULY 3       June 27
                                                     2005          2004          2005          2004
                                                   --------      --------      --------      --------
<S>                                                <C>           <C>           <C>           <C>
Net sales ....................................     $ 30,953      $ 29,847      $ 63,107      $ 60,636

Costs and expenses:
   Cost of sales .............................       10,104        10,194        20,868        20,395
   Restaurant labor and related costs ........        9,791         9,318        19,781        18,986
   Depreciation and amortization of restaurant
     property and equipment ..................        1,198         1,161         2,386         2,314
   Other operating expenses ..................        5,866         5,647        12,087        11,307
                                                   --------      --------      --------      --------
     Total restaurant operating expenses .....       26,959        26,320        55,122        53,002

General and administrative expenses ..........        2,326         2,177         4,616         4,366
                                                   --------      --------      --------      --------
Operating income .............................        1,668         1,350         3,369         3,268
Other income (expense):
   Interest expense, net .....................         (447)         (527)         (909)       (1,056)
   Other, net ................................           75            14            86            32
                                                   --------      --------      --------      --------
     Total other expense .....................         (372)         (513)         (823)       (1,024)
                                                   --------      --------      --------      --------
Income before income taxes ...................        1,296           837         2,546         2,244
Income tax provision .........................         (312)         (261)         (613)         (720)
                                                   --------      --------      --------      --------
Net income ...................................     $    984      $    576      $  1,933      $  1,524
                                                   --------      ========      --------      ========

Earnings per share:
   Basic earnings per share ..................     $    .15      $    .09      $    .30      $    .24
                                                   ========      ========      ========      ========

   Diluted earnings per share ................     $    .14      $    .09      $    .28      $    .22
                                                   ========      ========      ========      ========

Weighted average number of shares:
   Basic earnings per share ..................        6,469         6,443         6,465         6,440
   Diluted earnings per share ................        6,792         6,776         6,788         6,789
</TABLE>



<PAGE>
J. Alexander's Corporation - Second Quarter 2005 - Page 5


J. ALEXANDER'S CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
PERCENTAGES OF SALES

<TABLE>
<CAPTION>
                                                                   Quarters Ended              Six Months Ended
                                                                   --------------              ----------------
                                                               JULY 3         June 27        JULY 3       June 27
                                                                2005            2004          2005         2004
                                                                ----            ----          ----         ----

<S>                                                             <C>            <C>            <C>         <C>
Net sales..............................................         100.0%         100.0%         100.0%      100.0%

Costs and expenses:
   Cost of sales.....................................            32.6           34.2           33.1        33.6
   Restaurant labor and related costs................            31.6           31.2           31.3        31.3
   Depreciation and amortization of restaurant
     property and equipment..........................             3.9            3.9            3.8         3.8
   Other operating expenses..........................            19.0           18.9           19.2        18.6
                                                                 ----           ----           ----        ----
     Total restaurant operating expenses.............            87.1           88.2           87.3        87.4

General and administrative expenses..................             7.5            7.3            7.3         7.2
                                                                  ---            ---            ---         ---
Operating income.....................................             5.4            4.5            5.4         5.4
Other income (expense):
   Interest expense, net............................             (1.4)          (1.8)          (1.4)       (1.7)
   Other, net........................................             0.2             --            0.1         0.1
                                                                 ----           ----           ----        ----
     Total other expense.............................            (1.2)          (1.7)          (1.3)       (1.7)
                                                                 ----           ----           ----        ----
Income before income taxes...........................             4.2            2.8            4.0         3.7
Income tax provision.................................            (1.0)          (0.9)          (1.0)       (1.2)
                                                                 ----           ----           ----        ----
Net income...........................................             3.2%           1.9%           3.1%        2.5%
                                                                 ====           ====          =====       =====
</TABLE>

Note: Certain percentage totals do not sum due to rounding.


AVERAGE WEEKLY SALES INFORMATION:

<TABLE>
<S>                                                           <C>            <C>            <C>         <C>
Average weekly sales per restaurant..................         $88,000        $84,800        $89,700     $86,100
Percent increase.....................................           +3.8%                         +4.2%

Same store weekly sales per restaurant (1)...........         $89,000        $85,900        $91,200     $87,900
Percent increase.....................................           +3.6%                          +3.8
</TABLE>


(1) Includes the twenty-seven restaurants open for more than eighteen months.


<PAGE>
J. Alexander's Corporation - Second Quarter 2005 - Page 6



J. ALEXANDER'S CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                           JULY 3     January 2
                                                            2005        2005
                                                           -------     -------
<S>                                                        <C>         <C>
                                 ASSETS

Current Assets
      Cash and cash equivalents ......................     $ 4,795     $ 5,494
      Deferred income taxes ..........................       1,327       1,327
      Other current assets ...........................       4,271       4,501
                                                           -------     -------
         Total current assets ........................      10,393      11,322

Other assets .........................................       1,192       1,122
Property and equipment, net ..........................      72,679      72,425
Deferred income taxes ................................       3,236       3,236
Deferred charges, net ................................         775         814
                                                           -------     -------
                                                           $88,275     $88,919
                                                           =======     =======



                  LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities ..................................     $ 8,121     $10,757
Long-term debt and capital lease obligations .........      23,610      24,017
Other long-term liabilities ..........................       4,914       4,543
Stockholders' equity .................................      51,630      49,602
                                                           -------     -------
                                                           $88,275     $88,919
                                                           =======     =======
</TABLE>


                                       ###

</TEXT>
</DOCUMENT>
</SUBMISSION>
