An abdominal exercise device comprises a center bar, a handle assembly attached to a first end portion of the center bar and that is adapted to be grasped by a user, an abdominal press assembly mounted to the center bar between first and second end portions thereof and having an abdominal contact surface that is spaced from the center bar and is adapted to rest against an abdominal region of a user; and a stabilizer mounted to the second end portion of the center bar and that is adapted to stabilize the center bar when the abdominal contact surface rests against a user. The user can perform a leg lift exercise, a crunch exercise, or both exercises in unison.