---

Pennzoil Announces $125,000 Contingency Prize for Win from Pole

24 May 1997

LUYENDYK COULD BE $125,000 RICHER, THANKS TO PENNZOIL
FOR IMMEDIATE RELEASE


(HOUSTON) May 23, 1997 - Thanks to Pennzoil Products Company, Indy
Racing League driver Arie Luyendyk, who won the pole position for this
year's Indianapolis 500, has the opportunity to win an additional
$125,000.

Two weeks ago, Arie won the $25,000 contingency award from Pennzoil for
winning the pole.  All Indy 500 drivers who use Pennzoil products and
sport a Pennzoil decal on their entered cars were eligible to compete
for this and other awards.  Now, if Arie wins the race, he gets an
additional $125,000 from Pennzoil.  Luyendyk is one of 23 drivers who
will be using Pennzoil products in this year's race. 

Pennzoil's contingency awards for the Indy 500 were set up as follows:

Pole position with Pennzoil decal -- $25,000
Indy 500 win with Pennzoil decal -- $100,000
Indy 500 win from Pole Position with Pennzoil decal -- $150,000

If neither Luyendyk nor any other Pennzoil-affiliated team wins the Indy 
500, Pennzoil will then distribute $25,000, $15,000, $10,000, $5,000  
and $2,500, respectively, to the first five Pennzoil-affiliated cars to 
finish the race.

Pennzoil is also sponsoring the "Stop. Go. Pennzoil. Crew Members 
Challenge", where members of the on-track media will vote for the 
winning team.  "We will provide members of the media with nomination 
forms, and they will judge the crews based on speed and accuracy as well 
as sportsmanship during pit stops at the Indy 500," explained Tom Floyd, 
Pennzoil's chief marketing officer.

"As the official motor oil of the Indianapolis Motor Speedway, the Indy 
Racing League (IRL) and the Indianapolis 500, Pennzoil is proud to 
support the race with these contingency awards," said Floyd.  "And while 
we wish all drivers, especially our own Roberto Guerrero, good luck in 
the race, Arie Luyendyk will be a richer man if he wins!"

Luyendyk, who drives for Treadway Racing and is competing in his 13th 
Indy 500, was excited about starting from the pole position.  "Pennzoil 
has really stood behind the IRL, and these awards are another example of 
their support," he said. "I appreciate the $25,000, but my goal is to 
win all of the contingency money ."

Pennzoil Products Company is a wholly owned subsidiary of Houston-based 
Pennzoil Company, and its motor oil has been America's no. 1-selling 
brand for 11 consecutive years.