<SUBMISSION>
<ACCESSION-NUMBER>0000950144-06-004121
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060426
<ITEMS>1.01
<ITEMS>2.02
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20060428
<DATE-OF-FILING-DATE-CHANGE>20060428
<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>06790481
</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>g01136e8vk.htm
<DESCRIPTION>J. ALEXANDER'S CORPORATION - FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>J. ALEXANDER'S CORPORATION - FORM 8-K</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): April&nbsp;28, 2006 (April 26, 2006)


<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>

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<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>

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<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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</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="g01136exv99w1.txt">EX-99.1 PRESS RELEASE</A></TD></TR>
</TABLE>
</CENTER>
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<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>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Entry into a Material Definitive Agreement</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April&nbsp;26, 2006, the Stock Option and Compensation Committee (&#147;Committee&#148;) of the Board of
Directors of the Company approved the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Salary Continuation Agreements of Lonnie J. Stout, the Chief Executive Officer of the
Company, and each other executive officer were amended and restated to comply with Section
409A of the Internal Revenue Code to delay the commencement of certain payments under the
Salary Continuation Agreements for six months after termination of
employment. In addition, benefit amounts under Mr. Stout&#146;s Salary
Continuation Agreement were increased to the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vested cash benefit amount currently payable upon termination of employment
for any reason other than death or retirement at or after age 65 was
increased to $936,766, payable in a lump sum on the first day of the
seventh month after such
termination.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual benefits payable upon retirement for 15&nbsp;years upon separation
from employment on or after age 65 were increased to $175,950
annually.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
cash benefit payable upon death while employed, prior to age 65, was
increased to $351,900 for the first full year following death, and
$175,950 each year for nine years thereafter.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the Committee established performance targets for payment of 2006 bonuses to
executive officers under the Company&#146;s Cash Incentive
Performance Program, based on achieved levels of earnings before interest, taxes, depreciation,
amortization, pre-opening costs and stock option expense.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, on April 27, 2006, the Company received the consent of Bank of America, N.A. to extend the maturity date of its
credit facility to May 31, 2006. No borrowings are outstanding under
the facility. The parties are negotiating an amendment and
restatement of the credit facility for a three-year term, but no
definitive agreements have been completed.
</DIV>




<!-- 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
April&nbsp;28, 2006, J. Alexander&#146;s Corporation issued a press release announcing its financial
results for the first quarter ended April&nbsp;2, 2006, 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 first quarter ended April&nbsp;2, 2006 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;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 April 28, 2006.


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

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<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>
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    <TD width="1%">&nbsp;</TD>
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    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">Date:  April 28, 2006&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>

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


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<TR>
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    <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>
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    <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">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 April&nbsp;28,
2006</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g01136exv99w1.txt
<DESCRIPTION>EX-99.1 PRESS RELEASE
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1



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



                       J. ALEXANDER'S CORPORATION REPORTS
                         FIRST QUARTER RESULTS FOR 2006


         NASHVILLE, TN, April 28, 2006 -- J. Alexander's Corporation (AMEX: JAX)
today reported operating results for its first quarter ended April 2, 2006.

         Highlights for the most recent quarter compared to the first period of
2005 were as follows:

          o    Net sales increased 9.6% to $35,238,000 from $32,154,000.

          o    Weekly average same store sales rose 5.1% to $96,100 from
               $91,400.

          o    Net income climbed 51.4% to $1,437,000, or $.21 per diluted
               share, from $949,000, or $.14 per diluted share.

         Commenting on the results, J. Alexander's Corporation chairman,
president and chief executive officer Lonnie J. Stout II said, "We are pleased
with our financial performance for the first quarter. Our improvements were
driven by solid same store sales increases, which came in on the high side of
our expectations, and stronger restaurant operating margins. While we are quite
satisfied with these results, we do want to note that they are compared to a
prior year quarter in which cost of sales and other operating costs were
relatively high, and we believe our second quarter comparisons will be much more
difficult."

         Stout said that the Company's average guest check, including alcoholic
beverage sales, increased by approximately 6% for the quarter, while average
guest counts declined



<PAGE>
J. ALEXANDER'S CORPORATION REPORTS FIRST QUARTER RESULTS FOR 2006 - PAGE 2


by approximately 1%. Average weekly sales per restaurant advanced 5.9% to
$96,800 from $91,400 reported in the corresponding quarter of 2005.

         The Company's restaurant operating margins increased to 13.0% of net
sales in the first quarter of 2006 from 12.4% in the first quarter of 2005.
According to Stout, the increase was due primarily to lower cost of sales as a
percentage of sales.

         "We continued the favorable trend in cost of sales compared to previous
periods beginning in the second quarter last year when we changed to the
modified a la carte menu pricing format," Stout explained. "The effects of the
menu pricing format change along with menu price increases on selected items
combined with emphasis on operating expense management and control allowed us to
maintain other restaurant operating expenses in the first quarter of 2006 at the
same percentage of net sales as reported in the first period of 2005. This was
achieved in spite of significant increases in utility costs."

         Stout said the Company's overall outlook for 2006 remains favorable. He
noted, however, that the Company posted very strong financial performance in the
second quarter of 2005 immediately following its change in pricing format and,
as reflected in the Company's business plan, earnings comparisons for the second
quarter of the year to the second quarter of 2005 will be difficult because of
the reduction in cost of sales and other operating efficiencies achieved in the
second period last year. He said that operating expenses continue to be under
pressure in 2006 from increases in utility costs, and that training and other
general and administrative expenses are expected to be higher in the second
quarter of 2006. As a result of the more difficult comparisons and higher
projected expenses, the Company currently expects earnings for the second
quarter of

<PAGE>
J. ALEXANDER'S CORPORATION REPORTS FIRST QUARTER RESULTS FOR 2006 - PAGE 3


2006 to be below those for the second quarter of last year, although earnings
for the first half of 2006 are expected to be above those for the first half of
2005.

         J. Alexander's Corporation operates its 28 J. Alexander's restaurants
in Alabama, Colorado, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana,
Michigan, Ohio, Tennessee and Texas. J. Alexander's is an upscale, contemporary
American restaurant known for its wood-fired cuisine. The Company's menu
features a wide selection of American classics, including steaks, prime rib of
beef and fresh seafood, as well as a large assortment of interesting salads,
sandwiches and desserts. J. Alexander's also has a full-service bar that
features an outstanding selection of wines by the glass and bottle.

         J. Alexander's Corporation is headquartered 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 and operating margins in its restaurants; changes in business or
economic conditions, including rising food costs and product shortages;
availability of qualified employees; increased cost of utilities, insurance and
other restaurant operating expenses; potential fluctuations of quarterly
operating results due to seasonality and other factors; the effect of hurricanes
and other weather disturbances which are beyond the control of the Company; the
number and timing of new restaurant openings and the Company's ability to
operate them profitably; competition within the casual dining industry, which is
very intense; competition by the Company's new restaurants with its 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 REPORTS FIRST QUARTER RESULTS FOR 2006 - PAGE 4


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

<TABLE>
<CAPTION>
                                                                          Quarter Ended
                                                                   -------------------------
                                                                    APRIL 2         April 3
                                                                     2006            2005
                                                                   --------         --------
<S>                                                                <C>              <C>
Net sales .................................................        $ 35,238         $ 32,154

Costs and expenses:
   Cost of sales ..........................................          11,549           10,764
   Restaurant labor and related costs .....................          10,999            9,990
   Depreciation and amortization of restaurant property and
     equipment ............................................           1,298            1,188
   Other operating expenses ...............................           6,797            6,221
                                                                   --------         --------
     Total restaurant operating expenses ..................          30,643           28,163

General and administrative expenses .......................           2,391            2,290
                                                                   --------         --------
Operating income ..........................................           2,204            1,701
Other income (expense):
   Interest expense, net ..................................            (425)            (462)
   Other, net .............................................              29               11
                                                                   --------         --------
     Total other expense ..................................            (396)            (451)
                                                                   --------         --------

Income before income taxes ................................           1,808            1,250
Income tax provision ......................................            (371)            (301)
                                                                   --------         --------
Net income ................................................        $  1,437         $    949
                                                                   ========         ========

Earnings per share:
   Basic earnings per share ...............................        $    .22         $    .15
                                                                   ========         ========
   Diluted earnings per share .............................        $    .21         $    .14
                                                                   ========         ========

Weighted average number of shares:
   Basic earnings per share ...............................           6,533            6,461
   Diluted earnings per share .............................           6,821            6,783
</TABLE>





<PAGE>
J. ALEXANDER'S CORPORATION REPORTS FIRST QUARTER RESULTS FOR 2006 - PAGE 5


J. ALEXANDER'S CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
PERCENTAGES OF NET SALES (UNAUDITED)


<TABLE>
<CAPTION>
                                                                                      Quarter Ended
                                                                                 ----------------------
                                                                                 APRIL 2        April 3
                                                                                  2006           2005
                                                                                 -------        -------
<S>                                                                              <C>            <C>
Net sales.................................................................        100.0%         100.0%
Costs and expenses:
     Cost of sales........................................................         32.8           33.5
     Restaurant labor and related costs...................................         31.2           31.1
     Depreciation and amortization of restaurant property and
         equipment........................................................          3.7            3.7
     Other operating expenses.............................................         19.3           19.3
                                                                                  -----          -----
         Total restaurant operating expenses..............................         87.0           87.6

General and administrative expenses.......................................          6.8            7.1
                                                                                  -----          -----
Operating income..........................................................          6.3            5.3

Other income (expense):
     Interest expense, net................................................         (1.2)          (1.4)
     Other, net...........................................................           .1             --
                                                                                  -----          -----
         Total other expense..............................................         (1.1)          (1.4)

Income before income taxes................................................          5.1            3.9
Income tax provision......................................................         (1.1)           (.9)
                                                                                  ------         -----

Net income................................................................          4.1%           3.0%
                                                                                  =====          =====

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

AVERAGE WEEKLY SALES INFORMATION:

Average weekly sales per restaurant.......................................      $96,800         $91,400
Percent increase..........................................................         +5.9%

Same store weekly sales per restaurant (1)................................      $96,100         $91,400
Percent increase..........................................................         +5.1%
</TABLE>


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



<PAGE>
J. ALEXANDER'S CORPORATION REPORTS FIRST QUARTER RESULTS FOR 2006 - PAGE 6



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

<TABLE>
<CAPTION>
                                                              APRIL 2       January 1
                                                               2006            2006
                                                              -------        -------
<S>                                                           <C>            <C>
                                 ASSETS

Current Assets
      Cash and cash equivalents ......................        $ 8,515        $ 8,200
      Deferred income taxes ..........................            964            964
      Other current assets ...........................          4,275          4,542
                                                              -------        -------
         Total current assets ........................         13,754         13,706

Other assets .........................................          1,237          1,164
Property and equipment, net ..........................         73,468         74,187
Deferred income taxes ................................          4,510          4,510
Deferred charges, net ................................            718            733
                                                              -------        -------
                                                              $93,687        $94,300
                                                              =======        =======



                  LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities ..................................        $10,886        $12,897
Long-term debt and capital lease obligations .........         22,971         23,193
Other long-term liabilities ..........................          5,243          5,103
Stockholders' equity .................................         54,587         53,107
                                                              -------        -------
                                                              $93,687        $94,300
                                                              =======        =======
</TABLE>


                                       ###

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