CINERGY LOOKS FOR SYNERGY WITH IRL SPONSORSHIP

          Cincinnati-based electric utility company Cinergy Corp.
     will pay $350,000 to sponsor an IRL car driven by Lyn St.
     James, according to Bill Koenig of the INDIANAPOLIS STAR-
     NEWS.  The sponsorship will only cover the Indianapolis 500,
     but Koenig notes, "Still, the announcement represents some
     good news for the Indianapolis-based IRL, which is
     struggling for vital sponsorship dollars."  St. James will
     drive for Hemelgarn Racing, which also operates a car driven
     by Buddy Lazier, the '96 Indy 500 winner.  Cinergy is the
     primary sponsor on St. James' car and a secondary sponsor on
     Lazier's (INDIANAPOLIS STAR-NEWS, 4/8).