CART has filed a registration statement with the SEC to
     sell 4,573,000 shares of common stock in an IPO.  The
     company intends to use proceeds from the offering, to be
     underwritten by Jefferies & Company, Inc. and A.G. Edwards &
     Sons, Inc., to purchase the American Racing Series, Inc.,
     and for other general corporate purposes, including funding
     future acquisitions and developing other racing-related
     businesses and properties (CART).  In Indianapolis, Bill
     Koenig reported that CART "did not disclose the expected
     price of offering nor how much money it expects to raise." 
     Koenig wrote that the stock sale "comes at a crucial time"
     for CART, as it "wants to increase its appeal beyond die-
     hard race fans" (INDIANAPOLIS STAR-NEWS, 12/23).