<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



For the period ended                     May 21, 2000
                      ----------------------------------------------------------

Commission file number                      0-3833
                       ---------------------------------------------------------

                              Morgan's Foods, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Ohio                                                    34-0562210
--------------------------------------------------------------------------------
(State or other jurisdiction of                       (I.R.S. Employer
 incorporation or organization)                      Identification Number)

   24200 Chagrin Boulevard, Suite 126, Beachwood, Ohio              44122
--------------------------------------------------------------------------------
   (Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code:         (216) 360-7500
                                                    ----------------------------


--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                             Yes ...X...     No .......

       As of June 30, 2000, the issuer had 2,922,727 shares of common stock
outstanding.



                                       1
<PAGE>   2


                          PART I FINANCIAL INFORMATION

Item 1. Financial Statements.

                              Morgan's Foods, Inc.

                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                   (unaudited)

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                           QUARTER ENDED
                                                  --------------------------------
                                                  MAY 21, 2000        MAY 23, 1999
                                                  ------------        ------------

<S>                                               <C>                 <C>
Revenues ..................................       $ 18,194,000        $  8,323,000

Cost of sales:
 Food, paper and beverage .................          5,403,000           2,510,000
 Labor and benefits .......................          4,883,000           2,097,000
Restaurant operating expenses .............          5,068,000           2,244,000
Depreciation and amortization .............            888,000             325,000
General and administrative expenses .......          1,258,000             774,000
Loss on sale or disposal
 of restaurant assets .....................             19,000                   -
                                                  ------------        ------------
Operating income ..........................            675,000             373,000
Interest expense:
 Bank debt and notes payable ..............         (1,143,000)           (281,000)
 Capital leases ...........................            (19,000)            (12,000)
Other income and expense, net .............             48,000              16,000
                                                  ------------        ------------
Income (loss) from continuing operations
 before income taxes and extraordinary item           (439,000)             96,000
Provision for income taxes ................              3,000              (4,000)
                                                  ------------        ------------
Income (loss) from continuing operations
 before extraordinary item ................           (442,000)            100,000
Loss from discontinued operations (note 3)                   -            (338,000)
                                                  ------------        ------------
Net loss ..................................       $   (442,000)       $   (238,000)
                                                  ============        ============
Income (loss) per common share (note 4):
 Income (loss) from continuing operations .       $       (.15)       $        .03
 Loss from discontinued operations ........                  -                (.11)
                                                  ------------        ------------
 Net loss per share .......................       $       (.15)       $       (.08)
                                                  ============        ============
Weighted average number of
 shares outstanding .......................          2,922,727           2,910,834
</TABLE>

                 See notes to consolidated financial statements.



                                       2
<PAGE>   3

                              MORGAN'S FOODS, INC.

                           CONSOLIDATED BALANCE SHEETS

                                   (UNAUDITED)

--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                       MAY 21, 2000     FEBRUARY 27, 2000
                                                       ------------     -----------------

<S>                                                    <C>                 <C>
Assets
 Current assets:
  Cash and equivalents .........................       $  3,996,000        $  4,612,000
  Receivables ..................................             84,000             112,000
  Inventories ..................................            581,000             583,000
  Prepaid expenses .............................            299,000             357,000
  Assets held for sale (note 3) ................            627,000             653,000
                                                       ------------        ------------
                                                          5,587,000           6,317,000
 Property and equipment: (note 2)
  Land .........................................         10,861,000          10,861,000
  Buildings and improvements ...................         16,974,000          16,560,000
  Property under capital leases ................          1,171,000           1,171,000
  Leasehold improvements .......................          6,873,000           6,837,000
  Equipment, furniture and fixtures ............         17,400,000          17,158,000
  Construction in progress .....................            602,000             425,000
                                                       ------------        ------------
                                                         53,881,000          53,012,000
  Less accumulated depreciation and amortization         12,558,000          12,179,000
                                                       ------------        ------------
                                                         41,323,000          40,833,000
 Other assets ..................................          1,701,000           1,748,000
 Franchise agreements ..........................          2,283,000           2,242,000
 Deferred taxes ................................            600,000             600,000
 Acquired franchise rights .....................         10,324,000          10,448,000
                                                       ------------        ------------
                                                       $ 61,818,000        $ 62,188,000
                                                       ============        ============
Liabilities and shareholders' equity
 Current liabilities:
    Current maturities of long-term debt .......       $  1,787,000        $  1,762,000
    Current maturities of capital lease
      obligations (note 3) .....................            944,000             969,000
    Accounts payable ...........................          3,715,000           4,089,000
    Accrued liabilities ........................          4,029,000           3,725,000
                                                       ------------        ------------
                                                         10,475,000          10,545,000
 Long-term debt ................................         50,132,000          49,968,000
 Long-term capital lease obligations ...........            723,000             745,000

Shareholders' equity
Preferred shares, 1,000,000 shares authorized,
  no shares outstanding
Common stock
 Authorized shares - 25,000,000
 Issued shares - 2,969,405 .....................             30,000              30,000
 Treasury stock - 46,678 shares ................           (111,000)           (111,000)
Capital in excess of stated value ..............         28,875,000          28,875,000
Accumulated deficit ............................        (28,306,000)        (27,864,000)
                                                       ------------        ------------
Total shareholders' equity .....................            488,000             930,000
                                                       ------------        ------------
                                                       $ 61,818,000        $ 62,188,000
                                                       ============        ============
</TABLE>


                 See notes to consolidated financial statements.


                                       3
<PAGE>   4


                              Morgan's Foods, Inc.

                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

                                   (unaudited)



<TABLE>
<CAPTION>
                                      COMMON SHARES             TREASURY SHARES        CAPITAL IN                          TOTAL
                                  --------------------       -------------------       EXCESS OF       ACCUMULATED     SHAREHOLDERS'
                                  SHARES        AMOUNT       SHARES       AMOUNT      STATED VALUE       DEFICIT          EQUITY
                                  ------        ------       ------       ------      ------------       -------          ------

<S>                             <C>          <C>            <C>         <C>           <C>             <C>              <C>
Balance, February 28, 1999 .    2,969,405    $  30,000      (58,566)    $ (139,000)   $ 28,875,000    $(27,518,000)    $ 1,248,000

Net loss ...................            -            -            -              -               -        (346,000)       (346,000)

Issue of treasury shares for
 401(k) contributions ......            -            -       11,888         28,000               -               -          28,000
                                ---------    ---------    ---------     ----------    ------------    ------------     -----------

Balance, February 27, 2000 .    2,969,405    $  30,000      (46,678)      (111,000)     28,875,000     (27,864,000)        930,000

Net loss ...................            -            -            -              -               -        (442,000)       (442,000)
                                ---------    ---------    ---------     ----------    ------------    ------------     -----------

Balance, May 21, 2000 ......    2,969,405    $  30,000      (46,678)    $ (111,000)   $ 28,875,000    $(28,306,000)    $   488,000
                                =========    =========    =========     ==========    ============    ============     ===========
</TABLE>


                 See notes to consolidated financial statements



                                       4
<PAGE>   5


                              Morgan's Foods, Inc.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)


<TABLE>
<CAPTION>
                                                              QUARTER ENDED
                                                     -------------------------------
                                                     MAY 21, 2000       MAY 23, 1999
                                                     ------------       ------------

<S>                                                  <C>                <C>
Cash flows from operating activities:
   Net loss ..................................       $  (442,000)       $  (238,000)
 Adjustments to reconcile to net cash
  provided by operating activities:
      Depreciation and amortization ..........           888,000            438,000
      Loss on sale or disposal of
       restaurant assets .....................            19,000                  -
      Change in assets and liabilities:
       Decrease (increase) in receivables ....            28,000            (58,000)
       Increase (decrease) in inventories ....             2,000            (20,000)
       Decrease in prepaid expenses ..........            58,000            117,000
       Increase (decrease) in other assets ...            15,000           (315,000)
       Increase (decrease) in accounts payable          (374,000)           379,000
       Increase in accrued liabilities .......           330,000            360,000
                                                     -----------        -----------
   Net cash provided by operating activities .           524,000            663,000
                                                     -----------        -----------
Cash flows from investing activities:
    Capital expenditures .....................        (1,211,000)        (1,408,000)
    Purchase of franchise agreements and
     acquired franchise rights ...............           (71,000)                 -
                                                     -----------        -----------
    Net cash used in investing activities ....        (1,282,000)        (1,408,000)
                                                     -----------        -----------
Cash flows from financing activities:
    Proceeds from issuance of long-term debt,
     net of financing costs ..................           640,000            650,000
 Principal payments on long-term debt ........          (451,000)          (129,000)
 Extinguishment of capitalized leases ........                 -           (146,000)
 Principal payments on capital
    Lease obligations ........................           (47,000)          (109,000)
                                                     -----------        -----------
   Net cash provided by financing activities .           142,000            266,000
                                                     -----------        -----------
   Net change in cash and equivalents ........          (616,000)          (479,000)
   Cash and equivalents, beginning balance ...         4,612,000          2,655,000
                                                     -----------        -----------
   Cash and equivalents, ending balance ......       $ 3,996,000        $ 2,176,000
                                                     ===========        ===========
</TABLE>


                 See notes to consolidated financial statements.


                                       5
<PAGE>   6


                              Morgan's Foods, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  QUARTERS ENDED MAY 21, 2000 AND MAY 23, 1999
                                   (unaudited)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         The interim consolidated financial statements of Morgan's Foods, Inc.
have been prepared without audit. In the opinion of Company Management, all
adjustments have been included. Unless otherwise disclosed, all adjustments
consist only of normal recurring adjustments necessary for a fair statement of
results of operations for the interim periods. These unaudited financial
statements have been prepared using the same accounting principles that were
used in preparation of the Company's annual report on Form 10-K for the year
ended February 27, 2000. Certain prior year amounts have been restated to
conform to the current year presentation.

NOTE 2.  ACQUISITION OF KFC AND TACO BELL RESTAURANTS

         On July 14, 1999 Morgan's Restaurants of Pennsylvania, Inc., Morgan's
Restaurants of Ohio, Inc., Morgan's Restaurants of West Virginia, Inc. and
Morgan's Foods of Missouri, Inc., all wholly owned subsidiaries of Morgan's
Foods, Inc., acquired the assets of fifty-four (54) existing KFC and Taco Bell
restaurants and the land and building of a non-operating KFC restaurant from
various subsidiaries of Tricon Global Restaurants, Inc. for cash in the amount
of $33,740,000. The acquisition was recorded as a purchase and, accordingly,
assets were recorded at fair value.

         The allocation of the purchase price is as follows:

<TABLE>
<S>                                                        <C>
                  Land                                     $  6,950,000
                  Buildings                                   6,475,000
                  Leasehold Improvements                      3,455,000
                  Equipment                                   4,550,000
                  Franchise Agreements                        1,615,000
                  Acquired Franchise Rights                  10,695,000
                                                           ------------
                       Total                               $ 33,740,000
                                                           ============
</TABLE>

       The following unaudited pro forma results for the twelve weeks ended May
23, 1999, were developed assuming that all of the acquired units previously
described had been acquired at the beginning of the period. The unaudited pro
forma data shown below is not necessarily indicative of the consolidated results
that would have occurred had the acquisition taken place at the beginning of the
period nor are they necessarily indicative of results that may occur in the
future.



                                       6
<PAGE>   7


<TABLE>
<CAPTION>
                                                 PRO FORMA RESULTS
                                   (DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA)
                                              TWELVE WEEKS ENDED
                                                   MAY 23, 1999
                                                   ------------

<S>                                                    <C>
Total revenue                                          $18,178
Net income (loss) from
  continuing operations                                   (483)
Net income (loss) per share
  from continuing operations                              (.17)
</TABLE>


NOTE 3.  DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

         On December 9, 1999 the Company sold four of the remaining five former
East Side Mario's restaurant locations, to Steak & Ale, a division of Metromedia
Restaurant Group, and is marketing the remaining location, which it closed, with
the expectation of selling this location in fiscal year 2001. The cash received
as a result of this transaction of $3,867,000 was used to pay off the capital
lease obligations and other expenses of the transaction. Certain assets of the
East Side Mario's operations are shown in the Consolidated Balance Sheet as
"Assets held for sale". The results of operations of the discontinued segment
are shown in the Consolidated Statements of Operations as "Loss from
discontinued operations" and there is no tax effect of the loss. The Company
believes there will not be significant gain or loss on disposal of the remaining
assets. The East Side Mario's restaurants formerly operated by the Company began
in March 1993 and encompassed six locations by April 1995. Comparable restaurant
revenues for the East Side Mario's segment had declined since fiscal 1996 and
the restaurant concept was not appropriately supported by the franchisor. The
assets being held for sale and the related capitalized lease obligations have
been classified as current assets and current liabilities respectively.

         The Consolidated Balance Sheets at May 21, 2000 and February 27, 2000,
include assets and liabilities related to the former East Side Mario's
restaurants, which are being accounted for as a discontinued operation, the
details of which are listed below:

<TABLE>
<CAPTION>
                                    MAY 21, 2000              FEBRUARY 27, 2000
                                    ------------              -----------------

<S>                                <C>                          <C>
Current assets                     $      -                     $       11,000
Assets held for sale                      627,000                      653,000
                                   --------------               --------------
       Total assets                       627,000                      664,000
Current liabilities                     1,177,000                    1,236,000
                                   --------------               --------------
       Net liabilities             $     (550,000)              $     (572,000)
                                   ==============               ==============
</TABLE>



                                       7
<PAGE>   8


       The results of operations for the East Side Mario's segment, reported
separately as a loss from discontinued operations in the Consolidated Statement
of Operations, are as follows:

<TABLE>
<CAPTION>
                                                       12 WEEKS ENDED
                                              ---------------------------------
                                              MAY 21, 2000         MAY 23, 1999
                                              ------------         ------------

<S>                                           <C>                   <C>
Gross sales                                   $       -             $1,536,000
                                              ===========           ==========
Loss from operations
    of  discontinued
    East Side Mario's restaurants             $       -             $ (338,000)
                                              ===========           ==========
</TABLE>


NOTE 4.  INCOME (LOSS) PER COMMON SHARE

         Basic net income (loss) per common share is computed by dividing net
income (loss) by the weighted average number of common shares outstanding during
the period. Diluted net income (loss) per common share is based on the combined
weighted average number of shares outstanding, which includes the assumed
exercise, or conversion of options. In computing diluted net income (loss) per
common share, the Company has utilized the treasury stock method. Since the
average share price during the periods presented was below the exercise price of
any outstanding stock options, the calculation of diluted net income (loss) per
common share does not include the effect of the assumed exercise of outstanding
options, as its effect would be anti-dilutive.


                                       8
<PAGE>   9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

         DESCRIPTION OF BUSINESS. Morgan's Foods, Inc. ("the Company") operates
through wholly-owned subsidiaries Kentucky Fried Chicken ("KFC") restaurants
under franchises from KFC Corporation and Taco Bell restaurants under franchises
from Taco Bell Corporation. As of June 30, 2000, the Company operates 78 KFC
restaurants, 11 Taco Bell restaurants, and 16 KFC/Taco Bell "2n1's" under
franchises from KFC Corporation and franchises or licenses from Taco Bell Corp.
The Company formerly operated six East Side Mario's restaurants, a business
segment which the Company had previously chosen to discontinue (see Note 3). The
Company's fiscal year is a 52 - 53 week year ending on the Sunday nearest the
last day of February.

         REVENUES. Revenues for the quarter ended May 21, 2000 were $18,194,000
compared to $8,323,000 for the quarter ended May 23, 1999. This increase of
$9,871,000 was due to $10,415,000 in revenues generated by 56 KFC's and Taco
Bells which were acquired, two new KFC's which were built since the first
quarter of fiscal 2000 and one Taco Bell which was converted to a KFC/Taco Bell
"2n1", partially offset by a 5.4% decrease in comparable restaurant revenues.
The decline in comparable restaurant revenues was primarily the result of
ineffective product promotions by the franchisor during the quarter.

         COSTS OF SALES - FOOD, PAPER AND BEVERAGES. Food, paper and beverage
costs for the fiscal 2001 first quarter decreased as a percentage of revenue
from 30.2% in fiscal 2000 to 29.7%. This decrease was primarily the result of
the efficiencies gained from higher average restaurant volumes in the acquired
and newly built restaurants, the continuation of low chicken prices and
favorable contract pricing.

         COST OF SALES - LABOR AND BENEFITS. Labor and benefits increased as a
percentage of revenue for the quarter ended May 21, 2000 to 26.8% compared to
25.2% for the year earlier quarter. The increase was primarily due to higher
labor and benefit costs in the newly acquired restaurants.

         RESTAURANT OPERATING EXPENSES. Restaurant operating expenses increased
as a percentage of revenue to 27.9% in the first quarter of fiscal 2001 compared
to 27.0% in the first quarter of fiscal 2000. This was caused by the
continuation of increased advertising expenses to promote the introduction of
five new sandwiches and also the newly acquired restaurants having a higher
local advertising co-op expense than the Company's average for its previously
existing restaurants.

         DEPRECIATION AND AMORTIZATION. Depreciation and amortization for the
fiscal 2001 first quarter increased to $888,000 compared to $325,000 in the
prior year first quarter. The increase is primarily due to the addition of the
58 KFC and Taco Bell restaurants discussed above.

         GENERAL AND ADMINISTRATIVE EXPENSES. General and administrative
expenses increased to $1,258,000 in the first quarter of fiscal 2001 from
$774,000 in the first quarter of fiscal 2000. The increase of $484,000 was
mainly the result of adding the costs and resources necessary to support 58
additional restaurants. The incremental general and administrative expenses
incurred as a result of acquiring these 58 additional restaurants was $447,000
or 4.29% of the related sales.

         LOSS ON DISPOSAL OF RESTAURANT ASSETS. The loss on disposal of
restaurant assets of $19,000 in the first quarter of fiscal 2001, was the result
of assets disposed of during the image enhancement of several KFC restaurants as
well as the disposal of obsolete equipment.



                                       9
<PAGE>   10


         OPERATING INCOME. Operating income in the first quarter of fiscal 2001
increased to $675,000 or 3.7% compared to $373,000 or 4.5% for the first quarter
of fiscal 2000. This increase was primarily the result of operating 58
additional restaurants.

         INTEREST EXPENSE. Interest expense on bank debt increased to $1,143,000
in the first quarter of fiscal 2001 from $281,000 in fiscal 2000 due to higher
debt balances during the fiscal 2001 quarter necessary to fund the acquisition
and construction of restaurants during the past year. Interest expense on
capitalized leases was substantially unchanged from the prior year first
quarter.

         OTHER INCOME. Other income for the quarter ended May 21, 2000 increased
to $48,000 from $16,000 in the prior year first quarter. The increase is due
mainly to increased discounts on the payment of sales tax which resulted from
the increased sales volumes generated by the operation of 58 additional
restaurants.

         PROVISION FOR INCOME TAXES. The provision for income taxes was $3,000
for the quarter ended May 21, 2000 compared to a credit of $4,000 in the prior
year quarter. This increase was caused by tax refunds received in the prior year
quarter.

         DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE. On September 3, 1999,
Management made the decision to discontinue the operation of its East Side
Mario's restaurant segment. On December 9, 1999 the Company sold four of the
remaining five former East Side Mario's restaurant locations, to Steak & Ale, a
division of Metromedia Restaurant Group, and is marketing the remaining
location, which it closed, with the expectation of selling this location in
fiscal year 2001. The cash received as a result of this transaction of
$3,867,000 was used to pay off the capital lease obligations and other expenses
of the transaction. Certain assets of the East Side Mario's operations are shown
in the Consolidated Balance Sheet as "Assets held for sale". The results of
operations of the discontinued segment are shown in the Consolidated Statements
of Operations as "Loss from discontinued operations". There is no tax effect of
the loss. The Company believes there will not be significant gain or loss on
disposal of the remaining assets.

         LIQUIDITY AND CAPITAL RESOURCES. Cash flow activity for the twelve
weeks of fiscal 2000 and fiscal 1999 is presented in the Consolidated Statements
of Cash Flows. Cash provided by operating activities was $524,000 for the twelve
weeks ended May 21, 2000. The Company paid scheduled long-term bank and
capitalized lease debt of $498,000 in the first quarter of fiscal 2001 and
received financing of $640,000 to fund the conversion of a Taco Bell to a
KFC/Taco Bell "2n1" and the image enhancement of several other restaurants.

         The KFC operations of the Company have historically provided sufficient
cash flow to service the Company's debt, refurbish and upgrade KFC restaurant
properties and cover administrative overhead. Management believes that operating
cash flow will provide sufficient capital to continue to operate and maintain
the KFC and Taco Bell restaurants, service the Company's debt and support
required corporate expenses. In addition to the Company's operating cash flow,
management believes that additional financing, including long term leases of
build-to-suit restaurants and development lines of credit can be obtained for
use in the acquisition of new KFC and Taco Bell properties and refurbishment of
existing ones.

         The Company is currently not in full compliance with the American Stock
Exchange financial condition guidelines for continued listing. Specifically, the
guidelines indicate that any company with shareholders' equity less than
$4,000,000 and losses in 3 of its last 4 fiscal years may be considered for
delisting. This condition has been reviewed with representatives of the American
Stock Exchange who indicated that the Company's performance will continue to be
monitored by the Exchange.


                                       10
<PAGE>   11

         SEASONALITY. The operations of the Company are affected by seasonal
fluctuations. Historically, the Company's revenues and income have been highest
during the summer months with the fourth fiscal quarter representing the slowest
period. This seasonality is primarily attributable to weather conditions in the
Company's marketplace, which consists of portions of Ohio, Pennsylvania,
Missouri, Illinois, West Virginia and New York.

                            PART II OTHER INFORMATION

Item 4. Submission of Matters to a Vote of Security Holders

                  The Company's annual meeting of shareholders was held on June
23, 2000 and voting was conducted on the following proposals:


Proposal 1 - The election of seven Directors. The following seven Directors were
elected:

<TABLE>
<CAPTION>
NAME                            FOR             WITHHOLD        ABSTAIN
---------                       ---             --------        -------

<S>                           <C>                <C>            <C>
Leonard Stein-Sapir           2,428,464          81,794         243,548
Richard Arons                 2,509,491             767         243,548
Lawrence S. Dolin             2,413,515          96,743         243,548
James J. Liguori              2,428,513          81,745         243,548
Steven S. Kaufman             2,413,533          96,725         243,548
Bernard Lerner                2,413,533          96,725         243,548
Kenneth L. Hignett            2,428,513          81,745         243,548
</TABLE>


Proposal 2 - Shareholder's proposal concerning the Company's rights plan was
defeated.

<TABLE>
<CAPTION>
FOR                        AGAINST             ABSTAIN
---                        -------             -------

<S>                      <C>                    <C>
484,389                  1,584,807              10,175
</TABLE>



ITEM 6.  EXHIBITS & REPORTS ON FORM 8-KA

(a)      Exhibit 27 - Financial Data Schedule



                                       11
<PAGE>   12



                                   SIGNATURES

     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 thereunto duly authorized.

                                                  Morgan's Foods, Inc.
                                       -----------------------------------------
                                                      (Registrant)


Dated:  July 5, 2000                   By /s/   Kenneth L. Hignett
        ------------                      --------------------------------------
                                           Kenneth L. Hignett
                                           Senior Vice President,
                                           Chief Financial Officer & Secretary



                                       12