IRL Indycar Series schedule set for 16 races in 2004.

All events to be broadcast live on ABC/ESPN; Three night races on
schedule.

SPARTA, Ky., Saturday, Aug. 16, 2003 -- Indy Racing League officials
announced a 16-race schedule for the 2004 season, highlighted by the
88th Indianapolis 500-Mile Race and a new event at The Milwaukee Mile.

The 2004 season marks the ninth year of competition for the IRL
IndyCarTM Series. The 16-race schedule, featuring all ovals, equals the
2003 season for the largest number of events on an IRL IndyCar Series
season schedule. All 16 events will be broadcast live on ABC, ESPN or
ESPN2, including six consecutive ABC telecasts from July 25 to Sept.
12. All races also will be broadcast by the Indianapolis Motor Speedway
Radio Network.

For the third consecutive year, Homestead-Miami Speedway will play
host to the season opener, the Toyota Indy 300, with ESPN televising
the event scheduled for Sunday, Feb. 29. The season will end with an
ABC-televised race, the Chevy 500 on Sunday, Oct. 17 at Texas Motor
Speedway. TMS has played host to the IRL season finale since 1999.

"Entering our ninth season in 2004, the IRL IndyCar Series schedule
continues to evolve, as it offers one of the most competitive
motorsports environments in the world," said Ken Ungar, senior vice
president of business affairs for the Indy Racing League. "We appreciate
the input of our teams and thank the tracks for their efforts to grow
the IndyCar Series."

The 88th Indianapolis 500 is scheduled for Sunday, May 30 and will be
broadcast for the 40th consecutive year by ABC. The relationship is the
second-longest running partnership by a sporting event and a network.

Though most of the events remain near their traditional dates, there
have been a few date changes.

The Milwaukee Mile will play host to its first IndyCar Series race on
July 25, while the Pikes Peak event has been moved from June to Aug. 22.
The IndyCar Series' lone date outside of the United States, the Indy
Japan 300 at Twin Ring Motegi, will be announced in the near future.

For the first time in series history, there will be two consecutive
night races, with the Bombardier 500 at Texas Motor Speedway and the
SunTrust Indy Challenge at Richmond International Raceway taking place
back-to-back on June 12 and June 26, respectively. The other night race,
the Firestone Indy 200 at Nashville Superspeedway, is scheduled for July
17.

{TB2}
Date            Track                            Event                     
     Television     
Feb. 29         Homestead-Miami Speedway         Toyota Indy 300           
     ESPN           
March 21        Phoenix International Raceway    TBA                       
     ABC            
TBA             Twin Ring Motegi                 Indy Japan 300            
     ESPN2          
May 30          Indianapolis Motor Speedway      88th Indianapolis 500-Mile
Race ABC            
June 12*        Texas Motor Speedway             Bombardier 500            
     ESPN           
June 26*        Richmond International Raceway   SunTrust Indy Challenge   
     ESPN2          
July 4          Kansas Speedway                  TBA                       
     ABC            
July 17*        Nashville Superspeedway          Firestone Indy 200        
     ESPN           
July 25         The Milwaukee Mile               TBA                       
     ABC            
Aug. 1          Michigan International Speedway  Firestone Indy 400        
     ABC            
Aug. 15         Kentucky Speedway                Belterra Casino Indy 300  
     ABC            
Aug. 22         Pikes Peak International Raceway Honda Indy 225            
     ABC            
Aug. 29         Nazareth Speedway                Firestone Indy 225        
     ABC            
Sept. 12        Chicagoland Speedway             Delphi Indy 300           
     ABC            
Oct. 3          California Speedway              Toyota Indy 400           
     ESPN           
Oct. 17         Texas Motor Speedway             Chevy 500                 
     ABC    

* -- night race

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