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ISC AND PENSKE SELL SHARES OF GRAND PRIX OF LONG BEACH

          FL-based International Speedway Corp. (ISC) and MI-
     based Penske Motorsports Inc. "are selling their stakes" in
     CA-based Grand Prix Association of Long Beach (GPA), which
     runs the country's second-biggest Indy car race, according
     to Todd Pack of the ORLANDO SENTINEL.  ISC said it sold its
     340,000 common shares of GPA to Dover Downs Entertainment
     Inc. for $15.50 a share, after buying them last summer for
     about $12.50 a share, giving ISC about a $1M profit. 
     Penske, which is also selling to Dover, said that it "would
     make the same profit on the deal."  Dover owns racetracks in
     Delaware and Nashville, and ISC Dir of Investor Relations
     Wes Harris said that the company "will probably speed up
     GPA's growth" (ORLANDO SENTINEL, 3/28).  GPA Chair & CEO
     Chris Pook will keep his positions and join Dover's board of
     directors (ST. LOUIS POST-DISPATCH, 3/28).

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Finance, Int'l Speedway Corp.

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