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Indy 500 Hollywood Entry: Kanaan & Giaffone


INDIANAPOLIS (April 1, 2002) - CART FedEx Championship Series veteran Tony
Kanaan will join 2001 Indy Racing League Rookie of the Year Felipe Giaffone
in a two-car Hollywood/Mo Nunn Racing entry at this year's 86th running of
the Indianapolis 500.

It will be the first-ever appearance at the legendary Brickyard for Kanaan,
the 27-year-old Brazilian in his third season with Mo Nunn Racing and his
fifth on the CART circuit.  Giaffone, also a 27-year-old Brazilian, started
33rd and finished 10th in his first Indy 500 in 2001 enroute to earning top
rookie honors for the season driving for Treadway/Hubbard Racing with
Hollywood sponsorship.  Kanaan and Giaffone will pilot identical
Hollywood-sponsored Chevrolet G-Force Indy cars, with associate sponsorship
provided by Mo Nunn Racing IRL and CART partner WorldCom on both Indy 500
entries.

"This is truly exciting from an owner's standpoint, taking our own team to
the greatest event in all of motorsports for the very first time," said
longtime open-wheel racing engineer Morris Nunn, who founded his own
Indianapolis-based team in December of 1999.  "Thanks to Hollywood, our
charter sponsor, we have assembled a very solid, two-car entry that has
every reason in the world to run for the race win.  Felipe is well into his
second IRL season and has proven to be a very steady driver who's almost
always there at the finish.  And even though this is Tony's first time here,
he's proven to be a very quick study and is a fierce competitor.  He
certainly wouldn't be the first driver in recent years to pull out a top
finish here in his first attempt.  We can't wait for the month of May to get
started."

Nunn is no stranger to the Indy 500.  He engineered Emerson Fittipaldi's
1989 victory here and CART championship while with Patrick Racing.  In his
12 appearances at the Brickyard, Nunn as worked with a long list of notable
drivers that also includes Roberto Guerrero (1984, '85, '87 and '90), Mario
Andretti (1986), Arie Luyendyk (1991 and '93), Eddie Cheever (1992), Raul
Boesel and Michael Andretti (1994).  Guerrero finished second and third here
in 1984 and 1985, respectively while he and Nunn were at Bignotti-Carter
Racing. Luyendyk finished third here in 1991 (Vince Granatelli Racing) and
finished second from the pole in 1993 (Ganassi Racing).  Cheever and Boesel
also started second in the Indy 500 during their terms with Nunn, Cheever
going on to finish fourth in the 1992 race here.  Nunn's last Indy 500 was
in 1995, when he guided Bryan Herta to a 13th-place finish from the 33rd
starting position while both were at Ganassi Racing.  Nunn then went on a
storied, four-year run while technical director at Target/Chip Ganassi
Racing, during which Jimmy Vasser (1996), Alex Zanardi (1997 and 1998) and
Juan Montoya (1999) all won CART titles.

Kanaan, the 1997 Indy Lights series champion and 1998 CART Rookie of the
Year, made his 75th career Champ Car start in the 2002 CART season opener at
Monterrey, Mexico last month, driving the #10 Pioneer-WorldCom/Mo Nunn
Racing Honda-Reynard.  During his four-plus seasons on the Champ Car
circuit, Kanaan has the 1999 U.S. 500 victory to his credit, as well as two
pole qualifying efforts (1999 at Long Beach, 2001 at Chicago), four podium
finishes in all, 11 top-fives, and 38 top-10s.

"I'm really thankful that Morris and Hollywood have given me this
opportunity," said Kanaan, whose Mo Nunn Racing Champ Car effort was
sponsored by Hollywood in 2000 and 2001.  "I owe them a lot of things since
I joined the team.  I still owe them a victory.  I can't think of a better
place to do that than my first Indy 500.  It's a race I've had my eye on
since I was born.  I only went to the Speedway for the first time at last
year's Formula 1 race, and right then I knew I would do anything to be able
to race there.  It's very special.  It's going to be my first time racing
there, which a lot of people say is going to make it difficult.  But, hey,
if I can pull off a Montoya (2000 winner) or a Helio (Castroneves, 2001
winner), that would make it three winners in a row by Indy 500 rookies.  So
we have that going for us!"

With a new team this season, Giaffone is also encouraged by his chances for
a solid finish at this year's event.  In his first three starts with Mo Nunn
Racing in 2002, he has a seventh-place finish at the IRL season opener at
Homestead and a sixth place at the 400-miler at California Speedway two
weekends ago.  He stands seventh in the driver points standings thus far.

"Hollywood has been so good to me over the years, and now I get to race with
Mo Nunn, an engineer who really has a passion for the Indy 500 and who
really knows how to get a car set up right for the Speedway," Giaffone said.
"I have a year of IRL and Indy 500 experience under my belt, and we have a
very strong and talented group of people on this two-car effort.  It will be
great to have a teammate to make our work during the month of May more
efficient.  I can't wait to go to work."

"This is very exciting for everyone at Hollywood," said Sacha Ruffier,
sponsorship manager for the Hollywood brand of Rio de Janeiro-based tobacco
company Souza Cruz, which was a CART series sponsor for nine years before
shifting its attention exclusively to the IRL this season.  "Last year, we
just got our feet wet for the first time in the IRL at Indy and Felipe had a
very strong finish.  This year, we are going for the win with a very strong,
good-looking two-car team with two top Brazilian drivers.  It doesn't get
much better than that, unless, of course, one of them is drinking milk on
May 26!"

Indy 500 practice begins at the Indianapolis Motor Speedway on Sunday, May
5, with Pole Qualifying set for Saturday, May 11.  Qualifying resumes
Sunday, May 12, with the traditional Bump Day of final qualifying on
Saturday, May 18.  Final practice, or "Carburetion Day," will be Thursday,
May 23.  Race day is Sunday, May 26.

The current Indy Racing League schedule for Giaffone's #21 Hollywood/Mo Nunn
Racing Chevrolet G-Force team has one more race prior to the Indy 500 -
April 21 at Nazareth, Pa.  Kanaan's #10 Pioneer-WorldCom/Mo Nunn Racing
Honda-Reynard team has two CART FedEx Championship Series events remaining
prior to the Indy 500 - April 14 on the streets of Long Beach, Calif., and
April 27 at Twin Ring Motegi, Japan.