TEAM RAHAL ANNOUNCES EXPANSION OF ITS 2004 INDY RACING LEAGUE PROGRAM

March 18, 2004 

   Team will field two Honda/G-Force entries fulltime and three cars at Japan and Indy 
       
HILLIARD, Oh.  - Team Rahal co-owners Bobby Rahal and Dave Letterman announced
today that their open-wheel racing operation will expand its involvement in the 2004 IRL
IndyCar® Series beginning with the Japan Indy 300 on April 15-17 at Motegi, Japan.

Subsequently Team Rahal announced it was ceasing operation of its Champ Car World
Series  program.    Team  Rahal  and  primary  sponsor  Gigante  have  mutually  agreed  to
conclude this chapter of their partnership.

"The ever evolving and difficult nature of the racing business and the state of our sport
today  requires  that  we  must  evaluate  our  programs  and  determine  what  is  in  the  best
interest of our team and our sponsors," said Bobby Rahal. "The decision has been made
that it is best for our team to concentrate on having two cars for the entire IRL season and
adding  the  third  entry  for  Motegi  and  Indy.    We  have  stated  before  that  running  a
multiple car effort in a single series not only provides competitive advantages, but certain
economic benefits.  It was simply becoming too much of a drain on our team in terms
resources  and  time  to  run  championship  caliber  programs  in  IndyCar,  Champ  Car  and
Atlantics."

"I  fully  support  our  team's  expansion  in  the  IRL  IndyCar  Series,"  said  Letterman.
"Bobby and I believe the additional entry will increase our team's competitive level. "

Team Rahal will field two Honda G-Force Indy Cars for the remaining 14 races of the
16-race 2004 IRL season. The driver and primary sponsorship for the team's newest entry
is  being  finalized  and  will  be  announced  shortly.  The  team  currently  fields  the  No.  15
Pioneer/Argent Mortgage Honda G-Force for Buddy Rice who is filling in for the injured
Kenny Brack.  The team will campaign a third car in the Japan Indy 300 (April 17) and
the Indianapolis 500 (May 30) with Roger Yasukawa.