Choice Hotels International Inc.
Transaction Schedule
From 03-06-03 To 03-27-03

                                       Exec.
Date      Account ID    Activity       Quantity       Price
--------  ------------  ----------     ----------     ---------

3/6/03    bamco         sl              50,000         24.1000
3/6/03    bcm           sl               6,500         24.1000
3/6/03    bcm           sl                 200         24.1000
3/6/03    bcm           sl               2,000         24.1000
3/6/03    bcm           sl               2,000         24.1000
3/6/03    bcm           sl                 500         24.1000
3/6/03    bcm           sl                 500         24.1000
3/6/03    bcm           sl               4,500         24.1000
3/6/03    bcm           sl               1,500         24.1000
3/6/03    bcm           sl                 600         24.1000
3/6/03    bcm           sl              10,000         24.1000
3/6/03    bcm           sl               3,000         24.1000
3/6/03    bcm           sl              10,000         24.1000
3/6/03    bcm           sl                 200         24.1000
3/6/03    bcm           sl                 500         24.1000
3/6/03    bcm           sl               2,000         24.1000
3/6/03    bcm           sl                 400         24.1000
3/6/03    bcm           sl               6,000         24.1000
3/6/03    bcm           sl               3,000         24.1000
3/6/03    bcm           sl                 500         24.1000
3/6/03    bcm           sl               1,000         24.1000
3/6/03    bcm           sl               2,000         24.1000
3/6/03    bcm           sl              10,000         24.1000
3/6/03    bcm           sl               3,000         24.1000
3/6/03    bcm           sl               1,500         24.1000
3/6/03    bcm           sl               6,500         24.1000
3/6/03    bcm           sl               7,500         24.1000
3/6/03    bcm           sl               2,500         24.1000
3/6/03    bamco         sl               1,000         24.1000
3/7/03    bamco         sl              50,000         24.2900
3/10/03   bcm           sl              30,000         24.4700
3/12/03   bamco         sl              23,500         23.1733
3/13/03   bamco         sl              25,000         23.2256
3/13/03   bcm           sl               1,000         23.1800
3/14/03   bamco         sl              25,000         23.4567
3/17/03   bamco         sl              25,000         23.8240
3/17/03   bcm           sl               2,000         23.5000
3/18/03   bamco         sl              10,000         24.4689
3/19/03   bamco         sl              14,300         24.6971
3/19/03   bamco         sl               7,100         24.9902
3/20/03   bamco         sl               3,300         24.9736
3/20/03   bamco         sl               2,000         24.6600
3/20/03   bamco         sl               3,700         24.8132
3/20/03   bamco         sl               1,000         24.6600
3/20/03   bamco         sl               1,900         24.8132
3/21/03   bamco         sl               1,600         25.1850
3/21/03   bamco         sl               8,400         25.2951
3/21/03   bcm           sl              17,600         25.1850
3/21/03   bcm           sl               3,600         25.8014
3/21/03   bcm           sl               6,900         25.4022
3/21/03   bcm           sl                 400         25.1850
3/21/03   bcm           sl               2,100         25.2951
3/24/03   bamco         sl              20,000         24.7550
3/24/03   bcm           sl              16,900         24.9000
3/24/03   bcm           sl               1,400         25.0007
3/25/03   bamco         sl               7,500         24.7900
3/25/03   bcm           sl              14,100         24.6885
3/26/03   bamco         sl               5,600         24.8021
3/26/03   bamco         sl                 200         24.9400
3/26/03   bcm           sl               2,900         24.7550
3/26/03   bcm           sl               1,400         24.8021
3/26/03   bcm           sl                 100         24.9400
3/27/03   bamco         sl              10,800         24.5386
3/27/03   bamco         sl               4,400         24.6009
3/27/03   bcm           sl                 300         24.5386
3/27/03   bcm           sl               1,100         24.6009