FORMULA ONE STOCK OFFERING EXPECTED TO BE STALLED UNTIL FALL

          Advisers to Formula One Holdings "are expected to
     decide early next week to push back the date of its
     international stock market flotation" from July to
     September, according to Patrick Harverson in FINANCIAL
     TIMES.  Salomon Brothers had "originally hoped to float" the
     marketer of F1 TV rights around July's British Grand Prix,
     but preparations for the offering have been "dogged by
     disputes" among the ten teams over revenue sharing and the
     size of their equity shares in the public company.  The
     process has also been slowed by "the need to address the
     legal issue of whether the broadcasting rights to the sport
     can be marketed centrally" (FINANCIAL TIMES, 6/14-15).
          TAKING STOCK: Racing Champions Corp. announced the IPO
     of 5,000,000 shares of its common stock at $14 per share. 
     Robert W. Baird & Co Inc., William Blair & Co. L.L.C. and
     J.C. Bradford & Co. are managing the offering.  The stock
     will trade on the NASDAQ under RACN (Racing Champions).