Filed by Intimate Brands, Inc.
                                                  Pursuant to Rule 425 under the
                                                          Securities Act of 1933

                                          Subject Company: Intimate Brands, Inc.
                                                   Commission File No. 333-82144


For Immediate Release

INTIMATE BRANDS, INC. ANNOUNCES SPECIAL COMMITTEE TO REVIEW OFFER BY THE
LIMITED, INC.

COLUMBUS, OHIO (FEBRUARY 20, 2002) -- Intimate Brands, Inc. (NYSE: IBI)
announced today that a special committee of independent directors will review
and analyze the tender offer commenced by The Limited, Inc. (NYSE/LSE: LTD). On
February 5, 2002, The Limited announced an offer to the Intimate Brands
stockholders to exchange approximately 16% of the issued and outstanding Class A
common stock of Intimate Brands for shares of common stock of The Limited at an
exchange ratio of 1.046 shares of common stock of The Limited for each
outstanding share of Class A common stock of Intimate Brands (the "Offer"). The
Limited currently beneficially owns approximately 84% of the issued and
outstanding shares of the Intimate Brands Class A common stock (through its
indirect ownership of Class B common stock of Intimate Brands). The Limited's
offer was made subject to satisfaction of certain conditions and its expiration
date is March 11, 2002, unless extended.

The special committee is composed of Donna A. James (as chair), Executive Vice
President and Chief Administrative Officer of Nationwide, Dr. William E. Kirwan,
President of The Ohio State University, and Dr. Roger D. Blackwell, Professor of
Marketing at The Ohio State University and President and Chief Executive Officer
of Roger Blackwell Associates, Inc. The special committee has retained Wilmer,
Cutler and Pickering (Washington, D.C. and New York, NY) as its legal advisor
and Credit Suisse First Boston Corporation (New York, NY) as its financial
advisor.

Intimate Brands filed today with the Securities and Exchange Commission a
statement that it is unable to take a position with respect to the Offer at the
present time because it has not yet completed a full and deliberate review and
evaluation of the material terms and provisions of the Offer with the special
committee's legal and financial advisors. The special committee also requested
that the Intimate Brands stockholders take no action and not tender their shares
of Class A common stock with respect to the Offer at the current time and
instead defer making a determination whether to accept or reject the Offer until
the special committee has advised the



Intimate Brands stockholders of the special committee's position with respect to
the Offer, which it expects to do in the near future.

ABOUT INTIMATE BRANDS, INC.:

Intimate Brands, Inc. is the leading specialty retailer of intimate apparel,
beauty and personal care products through the Victoria's Secret and Bath & Body
Works brands. As of February 2, 2002, Victoria's Secret's products are available
through 906 lingerie and 495 beauty stores (of which 96 are stand-alone), the
Victoria's Secret Catalogue and online. Intimate Brands offers a broad selection
of personal care, home fragrance and decor products through 1,584 Bath & Body
Works and 127 White Barn Candle Company stores (of which 31 are stand-alone).

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In connection with the proposed offer, The Limited, Inc. has filed an exchange
offer prospectus and a tender offer statement on Schedule TO with the Securities
and Exchange Commission but the exchange offer has not yet become effective.
Investors and stockholders are advised to read the prospectus and all related
documents filed with the Securities and Exchange Commission because they contain
important information about the offer, including complete terms and conditions
of the offer. Investors and stockholders may obtain a free copy of the exchange
offer prospectus and tender offer statement filed by The Limited and related
documents from the Securities and Exchange Commission's web site at
http://www.sec.gov. Free copies of these documents may also be obtained from The
Limited by directing a request to The Limited, Inc., Investors Relations, Three
Limited Parkway, Columbus, Ohio 43230 (614) 415-6400. Investors and stockholders
are also advised to read the Tender Offer Solicitation/Recommendation Statement
on Schedule 14D-9 (the "Schedule 14D-9"). Free copies of the Schedule 14D-9 and
related documents are also available from the Securities and Exchange
Commission's web site at http://www.sec.gov. Free copies of the Schedule 14D-9
may also be obtained from Intimate Brands by directing a request to Intimate
Brands, Inc., Investors Relations, Three Limited Parkway, Columbus, Ohio 43230
(614) 415-6900. This announcement shall not constitute an offer to sell or
solicitation of an offer to buy, nor shall there be any sale of shares in any
state in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.

CONTACT:  Debbie Mitchell, Investor Relations, Intimate Brands, Inc. (614)
415-7546.

SOURCE:  Intimate Brands, Inc.


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