EXHIBIT 99.1

Investor Contact: Ken Cooper – 952-229-7427 or ir@lifetimefitness.com
Media Contact: Jason Thunstrom – 952-229-7435 or jthunstrom@lifetimefitness.com

FOR IMMEDIATE RELEASE

LIFE TIME FITNESS ANNOUNCES SECOND QUARTER 2007 FINANCIAL RESULTS
Company Reports Revenue Growth of 32.4% and Earnings Per Share of $0.44

EDEN PRAIRIE, Minn. (July 26, 2007) – Life Time Fitness, Inc. (NYSE: LTM), a national operator of distinctive and large health and fitness centers, today reported its operating results for the second quarter ended June 30, 2007.

     Second quarter 2007 revenue grew 32.4% to $162.1 million from $122.5 million during the same period last year. Net income during the quarter grew 33.1% to $16.5 million, or $0.44 per diluted share. This compares to net income of $12.4 million, or $0.33 per diluted share, for 2Q 2006. For the six months ended June 30, 2007, revenue grew 32.5% to $315.2 million from $237.9 million during the same period last year. Net income grew 34.2% for the same period to $30.6 million, or $0.82 per diluted share, from $22.8 million, or $0.62 per diluted share, for the first six months of 2006.

     “We continue to deliver on our fundamental business strategies, as evidenced by our strong second quarter performance,” said Bahram Akradi, Life Time Fitness chairman and chief executive officer. “By applying an unwavering focus upon our members’ experience, Life Time Fitness continues to maintain a strong, differentiated position in the health and wellness industry. Executing our new center opening plans, ramping memberships at open centers and growing in-center revenue remain our core growth strategies. Additionally, we continue to see a strong expansion pipeline, bolstered by consumer demand for the type of centers and services we deliver.”

     Life Time Fitness continued its expansion efforts during the quarter with openings in Dublin, Ohio; Cary, North Carolina; Lakeville, Minnesota; and Omaha, Nebraska. In July, the Company opened its first Cincinnati-area location in Deerfield Township, Ohio. Construction is underway for the remaining three planned openings in 2007.

     Year-over-year memberships grew 24.5%, ending with 489,489.

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Life Time Fitness Second Quarter 2007 Results – Page 2

Three and Six Months Ended June 30, 2007, Financial Highlights:

Total revenue for the second quarter grew 32.4% to $162.1 million, driven primarily by growth in membership dues and in-center revenue. Total revenue for the first six months of 2007 grew to $315.2 million from $237.9 million during the same period last year.

				YTD 2007 vs.
(Period-over-period growth)	2Q 2007 vs. 2Q 2006			YTD 2006
• Membership dues		32.4	%		32.5	%
• Enrollment fees		14.7	%		13.3	%
• In-center revenue		35.8	%		35.8	%
• Same-center revenue		6.6	%		7.0	%
• Average center revenue / membership	$338 – up 6.3%			$672 – up 6.4%
• Average in-center revenue / membership	$  98 – up 8.9%			$195 – up 8.9%

Total operating expenses during 2Q 2007 totaled $128.6 million compared to $98.9 million for 2Q 2006, driven primarily by increased expenses to support new centers, membership growth, and presale activities. Year-to-date operating expenses totaled $253.0 million, compared with $193.2 million for the same period last year.

Operating margin was 20.7% for 2Q 2007 compared to 19.2% in the prior-year period. Year-to-date operating margin was 19.7%, compared to 18.8% in the prior-year-period.

		YTD 2007 vs.
(Expense as a percent of total revenue)	2Q 2007 vs. 2Q 2006	YTD 2006
• Center operations	58.0% vs. 56.0%	58.2% vs. 56.2%
• Advertising and marketing	3.4% vs. 3.8%	4.1% vs. 4.4%
• General and administrative	6.6% vs. 8.9%	6.7% vs. 8.3%
• Other operating	2.3% vs. 2.2%	2.3% vs. 2.4%
• Depreciation and amortization	9.0% vs. 9.9%	9.0% vs. 9.9%

Net income during 2Q 2007 grew 33.1% to $16.5 million from $12.4 million in 2Q 2006, driven by continued top-line growth and operating margin expansion. For the six months ended June 30, 2007, net income grew to $30.6 million compared with $22.8 million in the prior-year period.

EBITDA for 2Q 2007 grew 34.9% to $48.5 million from $35.9 million in 2Q 2006. Year-to-date EBITDA grew 32.5% to $91.2 million from $68.9 million for the same period last year.

Cash flows from operations for the first half of 2007 totaled $66.2 million compared with $59.9 million in the prior-year period.

Weighted average fully diluted shares for 2Q 2007 totaled 37.5 million compared to 37.0 million shares in 2Q 2006.

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Life Time Fitness Second Quarter 2007 Results – Page 3

Updated 2007 Business Outlook:

The following statements are based on the Company’s current expectations for fiscal year 2007 and subject to the risks and uncertainties described below:

• Revenue is expected to be $645-$655 million (or approximately 26-28% growth) up from $640-$650 million.

• Net income is expected to be $65.2-$66.2 million (or approximately 29-31% growth) up from $64.8-$65.8 million.

• Diluted earnings per common share is expected to be $1.74-$1.76 (or approximately 27-29% growth) up from $1.72-$1.75.

     As announced on July 19, 2007, the Company will hold a conference call today at 10:00 a.m. EDT to discuss its second quarter 2007 results. Bahram Akradi, chairman and chief executive officer, Michael Robinson, executive vice president and chief financial officer, and Ken Cooper, senior director of finance, will host the call. The conference call will be Web cast and may be accessed via the Company’s Investor Relations section of its Web site at lifetimefitness.com. A replay of the call will be available the same day via the Company’s Web site beginning at approximately 1:00 p.m. ET.

About Life Time Fitness, Inc.

     Life Time Fitness, Inc. (NYSE:LTM) operates distinctive and large sports and athletic, professional fitness, family recreation and resort/spa centers. As of July 26, 2007 the Company operated 65 centers in 15 states, including Arizona, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Nebraska, North Carolina, Ohio, Texas, Utah and Virginia. The Company also operated one satellite facility and four preview locations in existing and new markets.

     Life Time Fitness provides consumers with personal training consultation, full-service spas and cafes, corporate wellness programs, health and nutrition education, the healthy lifestyle magazine, Experience Life, athletic events, and nutritional products and supplements. Life Time Fitness is headquartered in Eden Prairie, Minnesota (www.lifetimefitness.com).

     LIFE TIME FITNESS, the LIFE TIME FITNESS logo, and EXPERIENCE LIFE are registered trademarks of Life Time Fitness, Inc. All other trademarks or registered trademarks are the property of their respective owners.

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Life Time Fitness Second Quarter 2007 Results – Page 4

Risks & Uncertainties

Certain information contained in this press release may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause the Company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. Among these factors are identifying and acquiring suitable sites for new sports, fitness and family recreation centers, opening new sports, fitness and family recreation centers, attracting and retaining members, obtaining additional financing and other factors set forth in the Company’s filings with the Securities and Exchange Commission. The Company cautions investors not to place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update such statement to reflect events or circumstances arising after such date. Diluted earnings per share could also be affected by the number of shares outstanding, which depends on factors such as the number of shares issued upon exercise of stock options and future grants of awards pursuant to equity-based incentive plans.

     All remarks made during the Company’s financial results conference call will be current at the time of the call and the Company undertakes no obligation to update the replay.

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LIFE TIME FITNESS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)

	June 30, 2007		December 31, 2006
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	8,263	$	6,880
Accounts receivable, net		3,283		2,320
Inventories		12,649		8,773
Prepaid expenses and other current assets		12,251		9,201
Deferred membership origination costs		14,746		12,575
Income tax receivable		—		97
Total current assets		51,192		39,846
PROPERTY AND EQUIPMENT, net		1,076,132		902,122
RESTRICTED CASH		5,749		4,738
DEFERRED MEMBERSHIP ORIGINATION COSTS		13,496		10,875
OTHER ASSETS		43,427		30,095
TOTAL ASSETS	$	1,189,996	$	987,676
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$	10,265	$	15,228
Accounts payable		14,143		8,878
Construction accounts payable		52,171		49,285
Accrued expenses		46,348		37,191
Deferred revenue		36,319		29,773
Total current liabilities		159,246		140,355
LONG-TERM DEBT, net of current portion		518,108		374,327
DEFERRED RENT LIABILITY		25,606		25,716
DEFERRED INCOME TAXES		32,213		38,584
DEFERRED REVENUE		17,836		15,917
OTHER LIABILITIES		536		264
Total liabilities		753,545		595,163
SHAREHOLDERS’ EQUITY:
Common stock		747		737
Additional paid-in capital		273,214		259,905
Retained earnings		162,490		131,871
Total shareholders’ equity		436,451		392,513
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,189,996	$	987,676

LIFE TIME FITNESS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share data)
(Unaudited)

	For the						For the
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2007			2006			2007			2006
REVENUE:
Membership dues	$	106,667		$	80,550		$	207,195		$	156,349
Enrollment fees		6,378			5,561			12,064			10,644
In-center revenue		45,891			33,787			89,788			66,121
Total center revenue		158,936			119,898			309,047			233,114
Other revenue		3,201			2,557			6,191			4,766
Total revenue		162,137			122,455			315,238			237,880
OPERATING EXPENSES:
Center operations		94,035			68,540			183,527			133,633
Advertising and marketing		5,439			4,732			12,808			10,571
General and administrative		10,693			10,861			21,181			19,676
Other operating		3,792			2,646			7,116			5,633
Depreciation and amortization		14,678			12,146			28,365			23,665
Total operating expenses		128,637			98,925			252,997			193,178
Income from operations		33,500			23,530			62,241			44,702
OTHER INCOME (EXPENSE):
Interest expense, net		(6,369	)		(4,140	)		(11,897	)		(8,257	)
Equity in earnings of affiliate		285			251			601			494
Total other income (expense)		(6,084	)		(3,889	)		(11,296	)		(7,763	)
INCOME BEFORE INCOME TAXES		27,416			19,641			50,945			36,939
PROVISION FOR INCOME TAXES		10,931			7,256			20,326			14,121
NET INCOME	$	16,485		$	12,385		$	30,619		$	22,818
BASIC EARNINGS PER COMMON SHARE	$	0.45		$	0.34		$	0.83		$	0.64
DILUTED EARNINGS PER COMMON SHARE	$	0.44		$	0.33		$	0.82		$	0.62
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC		36,864			36,143			36,747			35,915
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED		37,498			37,033			37,359			36,888

LIFE TIME FITNESS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)

	For the
	Six Months Ended
	June 30,
	2007			2006
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	30,619		$	22,818
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		28,365			23,665
Deferred income taxes		2,474			515
Loss on disposal of property and equipment, net		164			120
Amortization of deferred financing costs		405			331
Share-based compensation		3,816			4,926
Excess tax benefit from stock option exercises		(3,838	)		(5,228	)
Change in investment in unconsolidated subsidiary		(601	)		(498	)
Changes in operating assets and liabilities		4,692			13,087
Other		81			128
Net cash provided by operating activities		66,177			59,864
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(200,446	)		(110,432	)
Proceeds from sale of property and equipment		48			6,566
Proceeds from property insurance settlement		48			619
Increase in other assets		(9,555	)		(345	)
Decrease (increase) in restricted cash		(1,011	)		96
Net cash used in investing activities		(210,916	)		(103,496	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term borrowings		105,000			1,650
Repayments on long-term borrowings		(6,147	)		(12,654	)
Proceeds from revolving credit facility, net		40,000			36,800
Increase in deferred financing costs		(1,896	)		(651	)
Excess tax benefit from stock option exercises		3,838			5,228
Proceeds from exercise of stock options		5,327			8,579
Net cash provided by financing activities		146,122			38,952
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,383			(4,680	)
CASH AND CASH EQUIVALENTS — Beginning of period		6,880			4,680
CASH AND CASH EQUIVALENTS — End of period	$	8,263		$	—
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash payments for interest, including capitalized interest	$	15,114		$	7,766
Cash payments for income taxes	$	16,924		$	7,079
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Purchases of property and equipment in accounts payable	$	3,671		$	2,054

Non-GAAP Financial Measures

     This release contains a non-GAAP disclosure, EBITDA, which consists of net income plus interest expense, net, provision for income taxes and depreciation and amortization. This term, as the Company defines it, may not be comparable to a similarly titled measure used by other companies and is not a measure of performance presented in accordance with GAAP. The Company uses EBITDA as a measure of operating performance. The funds depicted by EBITDA are not necessarily available for discretionary use if they are reserved for particular capital purposes, to maintain compliance with debt covenants, to service debt or to pay taxes. EBITDA should not be considered as a substitute for net income, cash flows provided by operating activities or other income or cash flow data prepared in accordance with GAAP. Additional details related to EBITDA are provided in the Form 8-K that the Company filed with the Securities and Exchange Commission on the date of this press release.

     The following table provides a reconciliation of net income, the most directly comparable GAAP measure, to EBITDA:

RECONCILIATION OF NET INCOME TO EARNINGS BEFORE INTEREST,
INCOME TAXES AND DEPRECIATION AND AMORTIZATION
(In thousands)
(Unaudited)

	For the				For the
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2007		2006		2007		2006
Net income	$	16,485	$	12,385	$	30,619	$	22,818
Interest expense, net		6,369		4,140		11,897		8,257
Provision for income taxes		10,931		7,256		20,326		14,121
Depreciation and amortization		14,678		12,146		28,365		23,665
EBITDA	$	48,463	$	35,927	$	91,207	$	68,861