Press Release

Penske Announces NASCAR Doublheader for the New California Speedway

11/21/96

Penske Motorsports Announces NASCAR Doubleheader at California Speedway


DETROIT, Nov. 19 -- Penske Motorsports, Inc. (PMI)
today announced that the California Speedway (TCS)
has added a special NASCAR doubleheader scheduled for the weekend of
October 17-19, 1997, featuring a NASCAR Craftsman Truck Series race
and a NASCAR Busch Series Grand National race.

The NASCAR Craftsman Truck Series will debut at the California
Speedway on Saturday, October 18 in a 200 mile contest.  On Sunday,
October 19, the NASCAR 300 mile Busch Series Grand National race will
take place, the next to last event for the 29-race schedule.

The California Speedway is a state-of-the-art two-mile superspeedway
currently under construction in San Bernardino County, California.
According to Les Richter, executive vice president, the facility will
accommodate over 80,000 race fans.  The inaugural "California 500
presented by NAPA" scheduled for Sunday June 22, 1997, marks the
return of the NASCAR Winston Cup Series to Southern California for the
first time since the 1988 Riverside race.

In addition, the California Speedway will return CART Indy car racing
to an oval track in Southern California for the first time since 1983.
CART's PPG Indy Car World Series will conclude its 17-race schedule on
Sunday, September 28 at TCS with a 500 mile event presented by Toyota
with the title sponsor to be announced at a later date.