BUDDY LAZIER LEADS CHEVY QUALIFIERS ON INDY 500 BUMP DAY

    INDIANAPOLIS, May 23, 2004 - Led by 1996 Indianapolis 500 winner
Buddy Lazier, three more Chevrolet-powered drivers qualified for the 88th
running of the Indianapolis 500 on the third and final day of
qualifications. With thunderstorms bearing down on Indianapolis Motor
Speedway there was a sense of urgency among the teams that had not
previously secured a place on the starting grid. When qualifying concluded
and the final seven spots were filled, there were 10 Chevrolet-powered
drivers in the 33-car lineup, equaling the number of Chevy Indy V-8s in
last year's 500-mile race.

    Lazier was the fastest of the three third-day Chevy qualifiers,
completing his four-lap, 10-mile run with an average speed of 215.110 mph
and placing his LifeFitness DRR/Hemelgarn Racing Chevrolet Dallara in the
28th spot on the grid. P.J. Jones, the son of 1963 Indianapolis 500 winner
Parnelli Jones, qualified the Curb/Agajanian/Beck Motorsports Chevrolet
Dallara 31st at 213.355 mph. Robby McGehee claimed the 33rd starting
position with a 211.632 mph average speed in PDM Racing's Chevrolet
Dallara.

    "I've never come here and qualified with a race setup, but that's what
we just did," said Lazier, the 2000 IRL champion. "We had tons and tons
of downforce, more than what I normally would use in qualifying, because
that's what we needed right now.

    "I was very satisfied with the run, knowing the kind of downforce we
had," he added. "This isn't Pole Day, it's about getting in the car and
getting going. My Chevy motor ran great, and we're really dialed in for
race day. The racer in me wanted to take downforce out of this race car so
I could go out and run some big numbers. The team made it clear that I'm
not supposed to be chasing speed, but chasing race car setups. It's amazing
that in two days we're as far along as we are."

    P.J. Jones carried the No. 98 on his Chevrolet Dallara, the same
number that his famous father took to Victory Lane in 1963 with car owner
J.C. Agajanian.

    "It's cool to come back in those colors with Cary Agajanian and
Mike Curb," said Jones. "Greg Beck gave me an awesome car. We only ran a
handful of laps yesterday and today, and I had to knock the rust off. I
haven't been in one of these cars for a couple of years; everything's
changed, and they drive differently.

    "We just wanted to get in the race with no heroics," said
the second-generation racer. "That was pretty much a race setup. I was
real comfortable in qualifying. It was the best four laps I drove - I was
wide open and it felt great!"

    Robby McGehee qualified for his fifth Indianapolis 500 just minutes
before the first of several rain delays began. With only a few shakedown
laps, McGehee put PDM Racing's Chevrolet Dallara in the show at 211.631
mph.

    "I wasn't planning on lifting, but I had to lift twice in Turn 3 on
the last couple of laps because the car got such a big push," McGehee
reported. "My goal is not to lift in qualifying, but you do need to lift if
you're going towards the wall. That's when I lifted.

    "The PDM crew did a great job to get this car prepared at the
last minute," he added. "Unfortunately we didn't have the track time to get
a good qualifying car, as you can see by my lap times. We had to decide
between testing the car to make it faster or getting a time in before it
rained. We chose the safe route."

    The Indianapolis 500 is scheduled to start at noon Eastern time (11
a.m. local time) on Sunday, May 30. The 200-lap, 500-mile race will be
televised live on ABC.

INDY 500 THIRD DAY QUALIFYING SUMMARY:
Pos./Driver/Engine/Speed
27. Greg Ray, Honda, 216.641 mph
28. Buddy Lazier, Chevrolet, 215.110
29. Jeff Simmons, Toyota, 214.783
30. Richie Hearn, Toyota, 213.715
31. P.J. Jones, Chevrolet, 213.355
32. Marty Roth, Toyota, 211.974
33. Robby McGehee, Chevrolet, 211.631

2004 INDIANAPOLIS 500 STARTING GRID
Row 1
1. Buddy Rice, Honda, 222.024 mph
2. Dan Wheldon, Honda, 221.524
3. Dario Franchitti, Honda, 221.471
Row 2
4. Bruno Junqueira, Honda, 221.379
5. Tony Kanaan, Honda, 221.200
6. Adrian Fernandez, Honda, 220.999
Row 3
7. Vitor Meira, Honda, 220.958
8. Helio Castroneves, Toyota, 220.882
9. Kosuke Matsuura, Honda, 220.740
Row 4
10. Tomas Scheckter, Chevrolet, 220.417
11. Sam Hornish Jr., Toyota, 220.180
12. Roger Yasukawa, Honda, 220.030
Row 5
13. Scott Dixon, Toyota, 219.319
14. Mark Taylor, Chevrolet, 219.282
15. Darren Manning, Toyota, 219.271
Row 6
16. Ed Carpenter, Chevrolet, 218.590
17. Al Unser Jr., Chevrolet, 217.966
18. Robby Gordon, Chevrolet, 216.522
Row 7
19. Sarah Fisher, Toyota, 215.771
20. Scott Sharp, Toyota, 215.635
21. A.J. Foyt IV, Toyota, 214.256
Row 8
22. Larry Foyt, Toyota, 213.277
23. Bryan Herta, Honda, 219.871
24. Alex Barron, Chevrolet, 218.836
Row 9
25. Felipe Giaffone, Chevrolet, 216.259
26. Tora Takagi, Toyota, 214.364
27. Greg Ray, Honda, 216.641 mph
Row 10
28. Buddy Lazier, Chevrolet, 215.110
29. Jeff Simmons, Toyota, 214.783
30. Richie Hearn, Toyota, 213.715
Row 11
31. P.J. Jones, Chevrolet, 213.355
32. Marty Roth, Toyota, 211.974
33. Robby McGehee, Chevrolet, 211.631