Finance

CART SET TO GO PUBLIC TODAY WITH SHARES PRICED AT $16

3.10.1998

          CART Inc. will begin public trading today under the
     symbol "OPW" when 4.7 million shares are offered in an IPO. 
     Shares were priced at $16.  CART said it plans to use the
     net proceeds from the IPO, expected to be more than $63M, to
     purchase the Indy Lights racing series and pay "certain
     obligations" to existing race teams.  It will use the
     remaining proceeds for "working capital and other general
     corporate purpose, including funding future acquisitions and
     developing racing related businesses and properties" (CART).

PREVIOUS WITH PLAN A VOTED DOWN, PITTSBURGH OFFICIALS OFFER PLAN B NEXT DESPITE LOSSES AND RED INK, MCCAW REMAINS COMMITTED TO TEAMS

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