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</head>
<body lang=EN-US bgcolor="#ffffff">
<div class=Section1>
  <p class=MsoNormal align=center style='text-align:center;'><b>As </b><b>filed
    with the Securities and Exchange Commission on July 26, 2001</b></p>
  <div style='border:none;border-bottom:double windowtext 2.25pt;padding:0in 0in 1.0pt 0in'>
    <p class=MsoNormal align=right style='text-align:right;border:none;padding:0in;
'><b>Registration No. 333-_____</b></p>
  </div>
  <p class=MsoTitle style='
' align="center"><b>SECURITIES AND EXCHANGE COMMISSION<br>
    </b><b>Washington, D.C.&#160; 20549</b></p>
  <p class=MsoNormal align=center style='text-align:center;'><b>FORM S-8<br>
    </b><b>REGISTRATION STATEMENT<br>
    </b><b>UNDER<br>
    </b><b>THE SECURITIES ACT OF 1933</b></p>
  <p class=MsoNormal align=center style='text-align:center;'>___________________</p>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0>
      <tr>
        <td width=528 valign=top>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='text-align:center;  border:none;padding:0in;
  '><b>INTERNATIONAL SPEEDWAY CORPORATION</b></p>
          </div>
        </td>
      </tr>
    </TABLE>
  </div>
  <p class=MsoNormal align=center style='text-align:center;'><b>(Exact name of
    registrant as specified in its charter)</b></p>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0>
      <tr>
        <td width=367 valign=top>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='
  text-align:center;
  border:none;  padding:0in;'><b>Florida</b></p>
          </div>
        </td>
        <td width=367 valign=top>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='
  text-align:center;
  border:none;  padding:0in;'><b>59-0709342</b></p>
          </div>
        </td>
      </tr>
      <tr>
        <td width=367 valign=top>
          <p class=MsoNormal align=center style='
  text-align:center;
  '><b>(State or other jurisdiction of<br>
            incorporation or organization)</b></p>
        </td>
        <td width=367 valign=top>
          <p class=MsoNormal align=center style='
  text-align:center;
  '><b>(I.R.S. Employer Identification No.)</b></p>
        </td>
      </tr>
    </TABLE>
    <br>
  </div>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0 height="57">
      <tr>
        <td width=734 valign=top height="39">
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='
  text-align:center;
  border:none;  padding:0in;'><b>1801 West International Speedway Boulevard<br>
              Daytona Beach, Florida 32114<br>
              </b></p>
          </div>
        </td>
      </tr>
      <tr>
        <td width=734 valign=top>
          <p class=MsoNormal align=center style='
  text-align:center;
  '><b>(Address of Principal Executive Offices)</b></p>
        </td>
      </tr>
    </TABLE>
    <br>
  </div>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0>
      <tr>
        <td width=734 valign=top>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='
  text-align:center;
  border:none;  padding:0in;'><b>1996 Long-Term Stock Incentive Plan</b></p>
          </div>
        </td>
      </tr>
      <tr>
        <td width=734 valign=top>
          <p class=MsoNormal align=center style='
  text-align:center;
  '><b>(Full title of the Plan)</b></p>
        </td>
      </tr>
    </TABLE>
    <br>
  </div>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0 height="82">
      <tr>
        <td width=528 valign=top height="84">
          <p class=MsoNormal align=center style='text-align:center'><b>W. Garrett
            Crotty<br>
            </b><b>Vice President and General Counsel</b><b><br>
            </b><b>1801 West International Speedway Boulevard<br>
            Daytona Beach, Florida 32114</b> </p>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='text-align:center;  border:none;padding:0in;
  '>&nbsp;</p>
          </div>
        </td>
      </tr>
    </TABLE>
  </div>
  <p class=MsoNormal align=center style='text-align:center'><b>(Name and address
    of agent for service)</b></p>
  <div align=center>
    <table border=0 cellspacing=0 cellpadding=0>
      <tr>
        <td width=528 valign=top>
          <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
            <p class=MsoNormal align=center style='text-align:center;  border:none;padding:0in;
  '><b>(386) 254-2700</b></p>
          </div>
        </td>
      </tr>
    </TABLE>
  </div>
  <p class=MsoNormal align=center style='text-align:center'><b>(Telephone number,
    including area code, of agent for service)</b></p>
  <p class=MsoNormal align=center style='text-align:center'><b>Copies of all Communications
    To:</b><br>
    Andrew E. Balog, Esq.<br>
    Greenberg Traurig, P.A.<br>
    1221 Brickell Avenue<br>
    Miami, Florida&#160; 33131<br>
    (305) 579-0500<br>
    ___________________</p>
  <p class=MsoNormal align=center style='text-align:center'><b>CALCULATION OF
    REGISTRATION FEE</b></p>
  <table border=2 cellspacing=0 cellpadding=0 align="center">
    <tr>
      <td width=215 valign=top>
        <p class=MsoNormal align=center style='text-align:center;
  '><b>Title of securities<br>
          to be registered</b></p>
      </td>
      <td width=111 valign=top>
        <p class=MsoNormal align=center style='text-align:center;
  '><b>Amount to be<br>
          registered (1) </b></p>
      </td>
      <td width=156 valign=top>
        <p class=MsoNormal align=center style='text-align:center;
  '><b>Proposed maximum offering price per share (2) </b></p>
      </td>
      <td width=169 valign=top>
        <p class=MsoNormal align=center style='text-align:center;
  '><b>Proposed maximum aggregate offering price</b></p>
      </td>
      <td width=124 valign=top>
        <p class=MsoNormal align=center style='text-align:center;
  '><b>Amount of<br>
          registration fee</b></p>
      </td>
    </tr>
    <tr>
      <td width=215 valign=top>
        <p class=MsoNormal><b>Class A Common Stock, $.01 par value per share</b></p>
      </td>
      <td width=111 valign=top>
        <p class=MsoNormal align=center style='
  text-align:center;'><b><font size="2">1,000,000&#160; shares</font></b></p>
      </td>
      <td width=156 valign=top>
        <p class=MsoNormal align=center style='
  text-align:center;'><b>$42.15</b></p>
      </td>
      <td width=169 valign=top>
        <p class=MsoNormal align=center style='
  text-align:center;'><b>$42,150,000</b></p>
      </td>
      <td width=124 valign=top>
        <p class=MsoNormal align=center style='
  text-align:center;'><b>$11,128</b></p>
      </td>
    </tr>
  </TABLE>
  <p class=FN1 align=left style='text-align:left;'>(1)&nbsp;&nbsp;&nbsp;&nbsp;
    Together with an indeterminable number of additional shares which may be issued
    pursuant to the 1996 Long-Term Stock Incentive Plan as a result of stock splits,
    stock dividends or similar transactions in accordance with Rule 416 under
    the Securities Act.</p>
  <p class=FN1 align=left style='text-align:left;'>(2)&nbsp;&nbsp;&nbsp;&nbsp;<font size="2">
    </font><font size="2">Estimated in accordance with Rule 457(h) under the Securities
    Act solely for the purpose of calculating the registration fee based upon
    the average of the high and low prices reported on The Nasdaq National Market&#160;
    on July 24, 2001.</font></p>
  <b><br clear=all style='page-break-before:always'>
  </b>
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>&nbsp;
    </b><b>PART I&nbsp;</b></p>
  <p class=MsoTitle align="center"><b>INFORMATION REQUIRED IN THE SECTION 10(A)
    PROSPECTUS</b></p>
  <p class=para>The document(s) containing the information specified in Part I
    of Form S&#8209;8 will be sent or given to participants in the International
    Speedway Corporation 1996 Long-Term Stock Incentive Plan as specified by Rule
    428(b)(1) promulgated by the Securities and Exchange Commission (the &#147;Commission&#148;)
    under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;).</p>
  <p class=para>Such document(s) are not being filed with the Commission, but
    constitute (along with the documents incorporated by reference into the Registration
    Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
    requirements of Section 10(a) of the Securities Act.</p>
  <b><br clear=all style='page-break-before:always'>
  </b>
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>&nbsp;
    </b><b>PART II&nbsp;</b></p>
  <p class=MsoTitle align="center"><b>INFORMATION REQUIRED IN THE REGISTRATION
    STATEMENT</b></p>
  <p class=MsoSubtitle><b>Item 3.&#160;&#160;&#160; Incorporation of Documents
    by Reference.</b></p>
  <p class=para>The following documents filed by International Speedway Corporation
    (the &#147;Registrant&#148;) with the Commission are hereby incorporated herein
    by reference:</p>
  <p class=List-a>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The Registrant's Annual Report on Form 10-K for the fiscal year ended November
    30, 2000;</p>
  <p class=List-a>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The Registrant&#146;s Quarterly Reports on Form 10-Q for the quarterly periods
    ended February 28, 2001 and May 31, 2001;</p>
  <p class=List-a>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The Registrant&#146;s Schedule 14C Information Statement relating to its 2001
    annual meeting of shareholders filed March 7, 2001;</p>
  <p class=List-a>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The Registrant&#146;s Current Report on Form 8-K filed July 10, 2001;</p>
  <p class=List-a>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The Registrant&#146;s Current Report on Form 8-K filed April 5, 2001; and</p>
  <p class=List-a>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The description of the Registrant&#146;s Class A Common Stock contained in
    its Registration Statement on Form 8&#8209;A filed October 29, 1996, including
    any amendment or report filed for the purpose of updating such description.</p>
  <p class=para>In addition, all documents filed by the Registrant pursuant to
    Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
    as amended, after the date of this Registration Statement and prior to the
    termination of this offering shall be deemed to be incorporated by reference
    herein and to be a part hereof from the date of filing of such documents with
    the Commission.</p>
  <p class=para>Any statements contained in this Registration Statement, or in
    a document incorporated or deemed to be incorporated by reference herein,
    shall be deemed to be modified or superseded for purposes of this Registration
    Statement to the extent that a statement contained herein or in any other
    subsequently filed document which is also deemed to be incorporated by reference
    herein modifies or supersedes such statement.&#160; Any such statement so
    modified or superseded shall not be deemed, except as so modified or superseded,
    to constitute a part of this Registration Statement.</p>
  <p class=MsoSubtitle><b>Item 4.&#160;&#160;&#160; Description of Securities.</b></p>
  <p class=para>Not applicable.&#160; The class of securities to be offered is
    registered under Section 12 of the Exchange Act.</p>
  <p class=MsoSubtitle><b>Item 5.&#160;&#160;&#160; Interests of Named Experts
    and Counsel.</b></p>
  <p class=para>Not applicable.</p>
  <p class=MsoSubtitle><b>Item 6.&#160;&#160;&#160; Indemnification of Directors
    and Officers.</b></p>
  <p class=para>The Registrant, a Florida corporation, is empowered by Section
    607.0850 of the Florida Business Corporation Act, subject to the procedures
    and limitations stated therein, to indemnify any person who was or is a party
    to any proceeding other than any action by, or in the right of, the corporation,
    by reason of the fact that he is or was a director, officer, employee, or
    agent of the corporation or is or was serving at the request of the corporation
    as a director, officer, employee, or agent of another corporation, partnership,
    joint venture, trust or other enterprise against liability incurred in connection
    with such proceeding, including any appeal thereof, if he acted in good faith
    and in a manner he reasonably believed to be in, or not opposed to, in the
    best interest of the corporation and, with respect to any criminal action
    or proceeding, had no reasonable cause to believe his conduct was unlawful.</p>
  <p class=para>Section 607.0850 also empowers a Florida corporation to indemnify
    any person who was or is a party to any proceeding by or in the right of the
    corporation to procure a judgment in its favor by reason of the fact that
    he is or was a director, officer, employee or agent of the corporation or
    is or was serving at the request of the corporation as a director, officer,
    employee or agent of another corporation, partnership, joint venture, trust,
    or other enterprise, against expenses and amounts paid in settlement not exceeding,
    in the judgment of the board of directors, the estimated expense of litigating
    the proceeding to conclusion, actually and reasonably incurred in connection
    with the defense or settlement of such proceeding, including any appeal thereof,
    if he acted in good faith and in a manner he reasonably believed to be in,
    or not opposed to, the best interests of the corporation, except that no indemnification
    may be made in respect of any claim, issue or matter as to which such person
    shall have been adjudged to be liable unless, and only to the extent that,
    the court in which such proceeding was brought, or any other court of competent
    jurisdiction, shall determine upon application that, despite the adjudication
    of liability but in view of all circumstances of the case, such person is
    fairly and reasonably entitled to indemnity for such expenses which such court
    shall deem proper.&#160; To the extent that a director, officer, employee
    or agent of a corporation has been successful on the merits or otherwise in
    defense of any proceeding referred to above, or in defense of any claim, issue
    or matter therein, he shall be indemnified against expenses actually and reasonably
    incurred by him in connection therewith.</p>
  <p class=para>The indemnification and advancement of expenses provided pursuant
    to Section 607.0850 are not exclusive, and a corporation may make any other
    or further indemnification or advancement of expenses to any of its directors,
    officers, employees or agents, under any bylaw, agreement, vote of shareholders
    or disinterested directors, or otherwise, both as to action in his official
    capacity and as to action in another capacity while holding such office.&#160;
    However, a director, officer, employee or agent is not entitled to indemnification
    or advancement of expenses if a judgment or other final adjudication establish
    that his actions, or omissions to act, were material to the cause of action
    so adjudicated and constitute:&#160; (i)&nbsp;a violation of the criminal
    law, unless the director, officer, employee or agent had reasonable cause
    to believe his conduct was lawful or had no reasonable cause to believe his
    conduct was unlawful; (ii)&nbsp;a transaction from which the director, officer,
    employee or agent derived an improper personal benefit; (iii)&nbsp;in the
    case of a director, a circumstance under which the liability provisions of
    Section 607.0834 of the Florida Business Corporation Act, relating to a director&#146;s
    liability for voting in favor of or asserting to an unlawful distribution,
    are applicable; or (iv)&nbsp;willful misconduct or a conscious disregard for
    the best interests of the corporation in a proceeding by or in the right of
    the corporation to procure a judgment in its favor or in a proceeding by or
    in the right of a shareholder.</p>
  <p class=para>The Registrant&#146;s&#160; Amended and Restated Articles of Incorporation,
    as amended, provide that the Registrant shall indemnify and may advance expenses
    to its officers and directors to the fullest extent permitted by law in existence
    from time to time.</p>
  <p class=para>The Registrant maintains an insurance policy covering directors
    and officers under which the insurer agrees to pay, subject to certain exclusions,
    for any claim made against the directors and officers of the Registrant for
    a wrongful act for which they may become legally obligated to pay or for which
    the Registrant is required to indemnify its directors and officers.</p>
  <p class=MsoSubtitle><b>Item 7.&#160;&#160;&#160; Exemption from Registration
    Claimed.</b></p>
  <p class=para>Not applicable.</p>
  <b><br
clear=all style='page-break-before:always'>
  </b>
  <p class=MsoSubtitle>Item 8.&#160;&#160;&#160; Exhibits.</p>
  <table border=0 cellspacing=0 cellpadding=0>
    <tr>
      <td width=61 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop>Exhibit No.</p>
        </div>
      </td>
      <td width=577 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop><br>
            Description</p>
        </div>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>4.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Amended and Restated Articles of Incorporation of the
          Registrant (incorporated by reference to Exhibit 3.2 to the Registrant&#146;s
          Current Report on Form 8-K dated July 26, 1999)</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>4.2</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Articles of Amendment to Amended and Restated Articles
          of Incorporation of the Registrant (incorporated by reference to Exhibit
          3.1 to the Registrant&#146;s Current Report on Form 8-K dated July 26,
          1999)</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>4.3</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Amended and Restated By-Laws of the Registrant (incorporated
          by reference to Exhibit 3(ii) to the Registrant&#146;s Annual Report
          on Form 10-K for the fiscal year ended November 30, 1998)</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>*4.4</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>1996 Long-Term Stock Incentive Plan of the Registrant</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>*5.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Opinion of Greenberg Traurig, P.A.</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>*23.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Consent of Ernst &amp; Young LLP.</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>*23.2</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Consent of Greenberg Traurig, P.A. (included in Exhibit
          5.1 hereof).</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>*24.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Power of Attorney (included in the signature page hereto).</p>
      </td>
    </tr>
  </TABLE>
  <p class=MsoNormal>* Filed with this Registration Statement.</p>
  <p class=CustomLevel1><b>Item 9.&#160;&#160;&#160; Undertakings.</b></p>
  <p class=CustomLevel2>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    The undersigned Registrant hereby undertakes:</p>
</div>
<blockquote>
  <div class=Section1>
    <p>(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To file,
      during any period in which offers or sales are being made, a post-effective
      amendment to this Registration Statement:</p>
  </div>
  <blockquote>
    <div class=Section1>
      <p>(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        To include any prospectus required by Section 10(a)(3) of the Securities
        Act of 1933, as amended (the &#147;Securities Act);<br>
      </p>
      <p>(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To reflect
        in the prospectus any facts or events arising after the effective date
        of the Registration Statement (or the most recent post-effective amendment
        thereof) which, individually or in the aggregate, represent a fundamental
        change in the information set forth in the Registration Statement.&#160;
        Notwithstanding the foregoing, any increase or decrease in volume of securities
        offered (if the total dollar value of securities offered would not exceed
        that which was registered) and any deviation from the low or high end
        of the estimated maximum offering range may be reflected in the form of
        prospectus filed with the Commission pursuant to Rule 424(b) if, in the
        aggregate, the changes in volume and price represent no more than 20 percent
        change in the maximum aggregate offering price set forth in the &quot;Calculation
        of Registration Fee&quot; table in the effective Registration Statement;</p>
    </div>
    <div class=Section1>(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      To include any material information with respect to the plan of distribution
      not previously disclosed in the Registration Statement or any material change
      to such information in the Registration Statement;</div>
  </blockquote>
</blockquote>
<div class=Section1>
  <p class=para>PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) shall
    not apply if the information required to be included in a post-effective amendment
    by those paragraphs is contained in periodic reports filed with or furnished
    to the Commission by the Registrant pursuant to Section 13 or Section 15(d)
    of the Exchange Act that are incorporated by reference in this Registration
    Statement.</p>
</div>
<blockquote>
  <div class=Section1>(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    That, for the purpose of determining any liability under the Securities Act,
    each such post-effective amendment shall be deemed to be a new registration
    statement relating to the securities offered herein, and the offering of such
    securities at that time shall be deemed to be the initial bona fide offering
    thereof.</div>
  <div class=Section1>
    <p>(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To remove
      from registration by means of a post-effective amendment any of the securities
      being registered which remain unsold at the termination of the offering.</p>
  </div>
</blockquote>
<div class=Section1>
  <p class=CustomLevel2>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    The undersigned Registrant hereby undertakes that, for purposes of determining
    any liability under the Securities Act, each filing of the Registrant's annual
    report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
    where applicable, each filing of an employee benefit plan&#146;s annual report
    pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
    in the Registration Statement shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of such securities
    at that time shall be deemed to be the initial bona fide offering thereof.</p>
  <p class=CustomLevel2>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    Insofar as indemnification for liabilities arising under the Securities Act
    may be permitted to directors, officers and controlling persons of the Registrant
    pursuant to the foregoing provisions or otherwise, the Registrant has been
    advised that in the opinion of the Commission such indemnification is against
    public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160;
    In the event that a claim for indemnification against such liabilities (other
    than the payment by the Registrant of expenses incurred or paid by a director,
    officer or controlling person of the Registrant in the successful defense
    of any action, suit or proceeding) is asserted by such director, officer or
    controlling person in connection with the securities being registered, the
    Registrant will, unless in the opinion of its counsel the matter has been
    settled by controlling precedent, submit to a court of appropriate jurisdiction
    the question whether such indemnification by it is against public policy as
    expressed in the Securities Act and will be governed by the final adjudication
    of such issue.</p>
  <b><br
clear=all style='page-break-before:always'>
  </b>
  <p class=TTop align="center"><b>SIGNATURES</b></p>
  <p class=para>Pursuant to the requirements of the Securities Act of 1933, the
    Registrant certifies that it has reasonable grounds to believe that it meets
    all of the requirements for filing on Form S-8 and has duly caused this Registration
    Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
    in the City of Daytona Beach, State of Florida, on the 25th day of July, 2001.</p>
</div>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <div class=Section1>
            <div align="left">INTERNATIONAL SPEEDWAY CORPORATION<br>
              <br>
            </div>
          </div>
          <div class=Section1 align="left"><font size="2">By:<u>&#160; /s/ JAMES
            C. FRANCE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
            <br>
            </u>James C. France<br>
            President and Chief Operating Officer</font></div>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<div class=Section1>
  <p class=MsoTitle align="center"><b>POWER OF ATTORNEY</b></p>
  <p class=para>The Registrant and each person whose signature appears below hereby
    authorizes W. Garrett Crotty and Glenn R. Padgett, and each of them individually
    (the &#147;Agent&#148;), with full power of substitution and resubstitution,
    to file one or more amendments (including post-effective amendments) to the
    Registration Statement which amendments may make such changes in the Registration
    Statement as such Agent deems appropriate, and the Registrant and each such
    person hereby appoints each such Agent as attorney-in-fact to execute in the
    name and on behalf of the Registrant and each such person, individually and
    in each capacity stated below, any such amendments to the Registration Statement.</p>
  <p class=para>Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed below by the following persons in the
    capacities and on the dates indicated.</p>
  <table border=0 cellspacing=0 cellpadding=0>
    <tr>
      <td width=277 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop>Signature</p>
        </div>
      </td>
      <td width=228 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop>Title</p>
        </div>
      </td>
      <td width=133 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop>Date</p>
        </div>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ WILLIAM C. FRANCE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          William C. France</font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Chairman of the Board, and <br>
          Chief Executive Officer <br>
          (Principal Executive Officer)<br>
          </font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u> /s/ ROGER S. PENSKE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Roger S. Penske </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2"> Vice Chairman of the Board</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">
          July 25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ SUSAN G. SCHANDEL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          <br>
          </u>Susan G. Schandel<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Vice President, Chief Financial<br>
          Officer and Treasurer <br>
          (Principal Financial Officer)</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ DANIEL W. HOUSER&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Daniel W. Houser<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Controller<br>
          (Principal Accounting Officer)</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ JAMES C. FRANCE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          James C. France<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">President, Chief Operating Officer<br>
          and Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ LESA D. KENNEDY&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Lesa D. Kennedy.<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Executive Vice President<br>
          and Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ H. LEE COMBS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          H. Lee Combs<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Senior Vice President<br>
          -Corporate Development and<br>
          &#160;Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ GREGORY W. PENSKE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Gregory W. Penske<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Senior Vice President &#150; Western Operations
          and Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ J. HYATT BROWN&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          J. Hyatt Brown<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ JOHN R. COOPER&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          John R. Cooper<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ WALTER P. CZARNECKI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Walter P. Czarnecki<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ ROBERT R. DYSON&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Robert R. Dyson<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ BRIAN Z. FRANCE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Brian Z. France<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ CHRISTY F. HARRIS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Christy F. Harris<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ RAYMOND K. MASON, JR.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Raymond K. Mason, Jr.<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ EDWARD H. RENSI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Edward H. Rensi<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ LLOYD E. REUSS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Lloyd E. Reuss<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ CHAPMAN J. ROOT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Chapman J. Root<br>
          </font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
    <tr>
      <td width=277 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;
  '><font size="2"><u>/s/ THOMAS W. STAED&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </u><br>
          Thomas W. Staed</font></p>
      </td>
      <td width=228 valign=top>
        <p class=MsoNormal align=left style='
  text-align:left;'><font size="2">Director</font></p>
      </td>
      <td width=133 valign=top>
        <p class=MsoNormal align=center style='text-align:center'><font size="2">July
          25, 2001</font></p>
      </td>
    </tr>
  </TABLE>
  <br clear=all style='page-break-before:always'>
  <p class=TTop align="center"><b>Exhibit Index</b></p>
  <table border=0 cellspacing=0 cellpadding=0 align="center">
    <tr>
      <td width=61 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop>Exhibit No.</p>
        </div>
      </td>
      <td width=577 valign=top>
        <div style='border:none;border-bottom:solid windowtext .75pt;padding:0in 0in 1.0pt 0in'>
          <p class=columntop><br>
            Description</p>
        </div>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>4.4</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>International Speedway Corporation 1996 Long-Term Stock
          Incentive Plan</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>5.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Opinion of Greenberg Traurig, P.A.</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>23.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Consent of Ernst &amp; Young LLP</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>23.2</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Consent of Greenberg Traurig, P.A. (included in Exhibit
          5.1 hereof)</p>
      </td>
    </tr>
    <tr>
      <td width=61 valign=top>
        <p class=MsoNormal>24.1</p>
      </td>
      <td width=577 valign=top>
        <p class=MsoNormal>Power of Attorney (included in the signature page hereto)</p>
      </td>
    </tr>
  </TABLE>
  <b><br
clear=all style='page-break-before:always'>
  </b>
  <p class=MsoNormal align=right style='text-align:right'><b>Exhibit 4.4</b></p>
  <p class=MsoPlainText align=center style='text-align:center'><b>International
    Speedway Corporation<br>
    </b><b>1996 Long-Term Stock Incentive Plan</b></p>
  <p class=MsoPlainText>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Definitions</u></i></b>:
    As used herein, the following definitions shall apply:</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Board
    of Directors</b>&quot; shall mean the Board of Directors of the Corporation.</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Committee</b>&quot;
    shall mean the Compensation Committee designated by the Board of Directors
    of the Corporation, or such other committee as shall be specified by the Board
    of Directors to perform the functions and duties of the Committee under the
    Plan; provided, however, that the Committee shall comply with the requirements
    of (i) Rule 16b-3 of the Rules and Regulations under the Securities Exchange
    Act of 1934, as amended (the &quot;Exchange Act&quot;), and (ii) Section 162(m)
    of the Internal Revenue Code of 1986, as amended (the &quot;Code&quot;), and
    the regulations thereunder.</p>
  <p class=MsoPlainText>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Common
    Stock</b>&quot; shall mean Class A Common Stock of the Corporation.</p>
  <p class=MsoPlainText>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Corporation</b>&quot;
    shall mean International Speedway Corporation, a Florida corporation, or any
    successor thereof.</p>
  <p class=MsoPlainText>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Discretion</b>&quot;
    shall mean in the sole discretion of the Committee, with no requirement whatsoever
    that the Committee follow past practices, act in a manner consistent with
    past practices, or treat a key employee, consultant or advisor in a manner
    consistent with the treatment afforded other key employees, consultants or
    advisors with respect to the Plan.</p>
  <p class=MsoPlainText>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Fair
    Market Value</b>&quot; shall mean (a) the closing price of a share of the
    Corporation's Common Stock on the principal exchange on which shares of the
    Corporation's Common Stock are then trading, if any, on such date, or, if
    shares were not traded on such date, then on the next preceding day during
    which a sale occurred; (b) if such Stock is not traded on an exchange, but
    is quoted on NASDAQ or a successor quotation system, (i) the last sales price
    (if the Stock is then listed on the NASDAQ National Market) or (ii) the mean
    between the closing representative bid and asked prices (in all other cases)
    for the Stock on such date as reported by NASDAQ or such successor quotation
    system; or (c) if such Stock is not publicly traded on an exchange and not
    quoted on NASDAQ or a successor quotation system, the mean between the closing
    bid and asked prices for the Stock on such date as determined in good faith
    by the Committee.</p>
  <p class=MsoPlainText>g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Incentive
    Option</b>&quot; shall mean an option to purchase Common Stock of the Corporation
    which meets the requirements set forth in the Plan and also meets the definition
    of an incentive stock option within the meaning of Section 422 of the Code;
    provided, however, that Incentive Options may only be granted to persons who
    are employees of the Corporation or of a subsidiary corporation in which the
    Corporation owns, directly or indirectly, 50% or more of the combined voting
    power of all classes of stock of the subsidiary corporation.&#160; The stock
    option agreement for an Incentive Option shall state that the option is intended
    to be an Incentive Option.</p>
  <p class=MsoPlainText>h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Plan Administrator</b>&quot;
    shall mean the Committee.</p>
  <p class=MsoPlainText> i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Nonqualified
    Option</b>&quot; shall mean an option to purchase Common Stock of the Corporation
    which meets the requirements set forth in the Plan but does not meet the definition
    of an incentive stock option within the meaning of Section 422 of the Code.&#160;
    The stock option agreement for a Nonqualified Option shall state that the
    option is intended to be a Nonqualified Option.<br>
    <br>
    j.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Participant</b>&quot;
    shall mean any individual designated by the Committee under Section 6 for
    participation in the Plan.</p>
  <p class=MsoPlainText>k.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Plan</b>&quot;
    shall mean this International Speedway Corporation 1996 Long-Term Stock Incentive
    Plan.</p>
  <p class=MsoPlainText>l.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#147;<b>Restricted
    stock award</b>&#148; shall mean a grant of Common Stock of the Corporation
    which is subject to forfeiture, restrictions against transfer, and such other
    terms and conditions determined by the Committee, as provided in Section 18.</p>
  <p class=MsoPlainText>m.&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Stock appreciation
    right</b>&quot; shall mean a right to receive the appreciation in value, or
    a portion of the appreciation in value, of a specified number of shares of
    the Common Stock of the Corporation, as provided in Section 12.</p>
  <p class=MsoPlainText>n.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;<b>Subsidiary</b>&quot;
    shall mean any corporation or similar entity in which the Corporation owns,
    directly or indirectly, stock or other equity interest (&quot;Stock&quot;)
    possessing more than 25% of the combined voting power of all classes of Stock;
    provided, however, that an Incentive Option may be granted to an employee
    of a Subsidiary only if the Subsidiary is a corporation and the Corporation
    owns, directly or indirectly, 50% or more of the total combined voting power
    of all classes of Stock of the Subsidiary.&#160;&#160;&#160;&#160; </p>
  <p class=MsoPlainText>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Purpose
    of Plan</u></i></b>: The purpose of the Plan is to provide key employees (including
    officers and directors who are also key employees), consultants and advisors
    of the Corporation and its Subsidiaries with an increased incentive to make
    significant and extraordinary contributions to the long-term performance and
    growth of the Corporation and its Subsidiaries, to join the interests of key
    employees, consultants and advisors with the interests of the shareholders
    of the Corporation, by focusing on long-term goals and creation of increases
    in shareholder value, and to facilitate attracting and retaining key employees,
    consultants and advisors of exceptional ability by providing significant opportunities
    for capital accumulation.</p>
  <p class=MsoPlainText>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Administration</u></i></b>:
    The Plan shall be administered by the Committee.&#160; Subject to the provisions
    of the Plan, the committee shall determine, from those eligible to be Participants
    under the Plan, the persons to be granted stock options, stock appreciation
    rights and restricted stock, the amount of stock or rights to be optioned
    or granted to each such person, and the terms and conditions of any stock
    options, stock appreciation rights and restricted stock.&#160; Subject to
    the provisions of the Plan, the Committee is authorized to interpret the Plan,
    to make, amend and rescind rules and regulations relating to the Plan and
    to make all other determinations necessary or advisable for the Plan's administration.&#160;
    Interpretation and construction of any provision of the Plan by the Committee
    shall, unless otherwise determined by the Board of Directors of the Corporation,
    be final and conclusive.&#160; A majority of the Committee shall constitute
    a quorum, and the acts approved by a majority of the members present at any
    meeting at which a quorum is present, or acts approved in writing by a majority
    of the Committee, shall be the acts of the Committee.</p>
  <p class=MsoPlainText>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Indemnification
    of Committee Members</u></i></b>: In addition to such other rights of indemnification
    as they may have, the members of the Committee shall be indemnified by the
    Corporation in connection with any claim, action, suit or proceeding relating
    to any action taken or failure to act under or in connection with the Plan
    or any option, stock appreciation right or restricted stock granted hereunder
    to the full extent provided for under the Corporation's Bylaws with respect
    to indemnification of directors of the Corporation.</p>
  <p class=MsoPlainText>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Maximum
    Number of Shares Subject to Plan</u></i></b>: The maximum number of shares
    with respect to which stock options or stock appreciation rights may be granted
    or which may be awarded as restricted stock under the Plan shall be 1,000,000
    shares in the aggregate of Common Stock of the Corporation.&#160; The number
    of shares with respect to which a stock appreciation right is granted, but
    not the number of shares which the Corporation delivers or could deliver to
    a Participant upon exercise of a stock appreciation right, shall be charged
    against the aggregate number of shares remaining available under the Plan;
    provided, however, that in the case of a stock appreciation right granted
    in conjunction with a stock option under circumstances in which the exercise
    of the stock appreciation right results in termination of the stock option
    and vice versa, only the number of shares subject to the stock option shall
    be charged against the aggregate number of shares remaining available under
    the Plan.&#160; If a stock option or stock appreciation right expires or terminates
    for any reason (other than termination as a result of the exercise of a related
    right) without having been fully exercised, or if shares of restricted stock
    are forfeited, the number of shares with respect to which the stock option
    or stock appreciation right was not exercised at the time of its expiration
    or termination, and the number of forfeited shares of restricted stock, shall
    again become available for the grant of stock options or stock appreciation
    rights, or the award of restricted stock, under the Plan, unless the Plan
    shall have been terminated.</p>
  <p class=MsoBodyTextIndent>Notwithstanding any other provision in this Plan,
    no employee, consultant or advisor of the Corporation or a Subsidiary may
    receive options, stock appreciation rights, restricted stock or any combination
    thereof for more than 200,000 shares of Common Stock of the Corporation over
    the term of the Plan, as provided in Section 25.&#160; For purposes of this
    200,000 share per-person limitation, there shall be taken into account all
    shares covered by stock options and stock appreciation rights granted, and
    all restricted shares awarded, to an employee regardless of whether such stock
    options or stock appreciation rights expire or terminate without being fully
    exercised or whether such restricted shares are forfeited back to the Corporation.</p>
  <p class=MsoBodyTextIndent>The number of shares subject to each outstanding
    stock option, stock appreciation right or restricted stock award, the option
    price with respect to outstanding stock options, the grant value with respect
    to outstanding stock appreciation rights, the aggregate number of shares remaining
    available under the Plan and the 200,000 share per-person limitation shall
    be subject to such adjustment as the Committee, in its Discretion, deems appropriate
    to reflect such events as stock dividends, stock splits, recapitalizations,
    mergers, consolidations or reorganizations of or by the Corporation; provided,
    however, that no fractional shares shall be issued pursuant to the Plan, no
    rights may be granted under the Plan with respect to fractional shares, and
    any fractional shares resulting from such adjustments shall be eliminated
    from any outstanding stock option, stock appreciation right, or restricted
    stock award.</p>
  <p class=MsoPlainText>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Participants</u></i></b>:&#160;
    The Committee shall determine and designate from time to time, in its Discretion,
    those key employees, consultants or advisors of the Corporation or any Subsidiary
    to receive stock options, stock appreciation rights, or restricted stock who,
    in the judgment of the Committee, are or will become responsible for the direction
    and financial success of the Corporation or any Subsidiary; provided, however,
    that Incentive Options may be granted only to persons who are key employees
    of the Corporation or a Subsidiary, and in the case of a Subsidiary only if
    (i) the Corporation owns, directly or indirectly, 50% or more of the total
    combined voting power of all classes of Stock of the Subsidiary and (ii) the
    Subsidiary is a corporation.&#160; For the purposes of the Plan, key employees
    shall include officers and directors who are also key employees of the Corporation
    or any Subsidiary.</p>
  <p class=MsoPlainText>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Written
    Agreement</u></i></b>:&#160; Each stock option, stock appreciation right and
    restricted stock award shall be evidenced by a written agreement (each a &quot;Corporation-Participant
    Agreement&quot;) containing such provisions as may be approved by the Committee.&#160;
    Each such Corporation-Participant Agreement shall constitute a binding contract
    between the Corporation and the Participant and every Participant, upon acceptance
    of such Agreement, shall be bound by the terms and restrictions of the Plan
    and of such Agreement.&#160; The terms of each such Corporation-Participant
    Agreement shall be in accordance with the Plan, but each Agreement may include
    such additional provisions and restrictions determined by the Committee, in
    its Discretion, provided that such additional provisions and restrictions
    are not inconsistent with the terms of the Plan.</p>
  <p class=MsoPlainText>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Allotment
    of Shares</u></i></b>: The Committee shall determine and fix, in its Discretion,
    the number of shares of Common Stock with respect to which a Participant may
    be granted stock options and stock appreciation rights and the number of shares
    of restricted stock which a Participant may be awarded; provided, however,
    that no Incentive Option may be granted under the Plan to any one Participant
    which would result in the aggregate Fair Market Value, determined as of the
    date the option is granted, of underlying stock with respect to which incentive
    stock options are exercisable for the first time by such Participant during
    any calendar year under any plan maintained by the Corporation (or any parent
    or subsidiary corporation of the Corporation) exceeding $ 100,000.</p>
  <p class=MsoPlainText>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><i><u>Stock
    Options</u></i></b>:&#160; Subject to the terms of the Plan, the Committee,
    in its Discretion, may grant to Participants either Incentive Options or Nonqualified
    Options or any combination thereof.&#160; Each option granted under the Plan
    shall designate the number of shares covered thereby, if any, with respect
    to which the option is an Incentive Option, and the number of shares covered
    thereby, if any, with respect to which the option is a Nonqualified Option.</p>
  <p class=MsoPlainText>10.&nbsp;&nbsp; <b><i><u>Stock Option Price</u></i></b>:&#160;
    Subject to the rules set forth in this Section 10, at the time any stock option
    is granted, the Committee, in its Discretion, shall establish the price per
    share for which the shares covered by the option may be purchased.&#160; With
    respect to an Incentive Option, such option price shall not be less than 100%
    of the fair market value of the stock on the date on which such option is
    granted; provided, however, that with respect to an Incentive Option granted
    to an employee who at the time of the grant owns (after applying the attribution
    rules of Section 424(d) of the Code) more than 10% of the total combined voting
    stock of the Corporation or of any parent or subsidiary, the option price
    shall not be less than 110% of the Fair Market Value of the stock on the date
    such option is granted.&#160; With respect to a Nonqualified Option, the option
    price shall not be less than 50% of the Fair Market Value of the stock on
    the date upon which such option is granted.&#160; The option price shall be
    subject to adjustment in accordance with the provisions of Section 5 of the
    Plan.</p>
  <p class=MsoPlainText>11.&nbsp;&nbsp; <b><i><u>Payment of Stock Option Price</u></i></b>:&#160;
    To exercise in whole or in part any stock option granted hereunder, payment
    of the option price in full in cash or, with the consent of the Committee,
    in Common Stock of the Corporation or by a promissory note payable to the
    order of the Corporation in a form acceptable to the Committee, shall be made
    by the Participant for all shares so purchased.&#160; Such payment may, with
    the consent of the Committee, also consist of a cash down payment and delivery
    of such promissory note in the amount of the unpaid exercise price.&#160;
    In the Discretion of and subject to such conditions as may be established
    by the Committee, payment of the option price may also be made by the Corporation
    retaining from the shares to be delivered upon exercise of the stock option
    that number of shares having a Fair Market Value on the date of exercise equal
    to the option price of the number of shares with respect to which the Participant
    exercises the stock option.&#160; Such payment may also be made in such other
    manner as the Committee determines is appropriate, in its Discretion.&#160;
    No Participant shall have any of the rights of a shareholder of the Corporation
    under any stock option until the actual issuance of shares to said Participant,
    and prior to such issuance no adjustment shall be made for dividends, distributions
    or other rights in respect of such shares, except as may be provided in Section
    5.</p>
  <p class=MsoPlainText>12.&nbsp;&nbsp; <b><i><u>Stock Appreciation Rights</u></i></b>:&#160;
    Subject to the terms of the Plan, the Committee may grant stock appreciation
    rights to Participants either in conjunction with, or independently of, any
    stock options granted under the Plan.&#160; A stock appreciation right granted
    in conjunction with a stock option may be an alternative right wherein the
    exercise of the stock option terminates the stock appreciation right to the
    extent of the number of shares purchased upon exercise of the stock option
    and, correspondingly, the exercise of the stock appreciation right terminates
    the stock option to the extent of the number of shares with respect to which
    the stock appreciation right is exercised.&#160; Alternatively, a stock appreciation
    right granted in conjunction with a stock option may be an additional right
    wherein both the stock appreciation right and the stock option may be exercised.&#160;
    A stock appreciation right may not be granted in conjunction with an Incentive
    Option under circumstances in which the exercise of the stock appreciation
    right affects the right to exercise the Incentive Option or vice versa, unless
    the stock appreciation right, by its terms, meets all of the following requirements:</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the stock appreciation
    right will expire no later than the Incentive Option;</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the stock appreciation
    right may be for no more than the difference between the option price of the
    Incentive Option and the Fair Market Value of the shares subject to the Incentive
    Option at the time the stock appreciation right is exercised;</p>
  <p class=MsoPlainText>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the stock appreciation
    right is transferable only when the Incentive Option is transferable, and
    under the same conditions;</p>
  <p class=MsoPlainText>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the stock appreciation
    right may be exercised only when the Incentive Option is eligible to be exercised;
    and</p>
  <p class=MsoPlainText>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the stock appreciation
    right may be exercised only when the Fair Market Value of the shares subject
    to the Incentive Option exceeds the option price of the Incentive Option.</p>
  <p class=MsoPlainText>Upon exercise of a stock appreciation right, a Participant
    shall be entitled to receive, without payment to the Corporation (except for
    applicable withholding taxes), an amount equal to the excess of or, in the
    Discretion of the Committee if provided in the Corporation-Participant Agreement,
    a portion of the excess of (i) the then aggregate Fair Market Value of the
    number of shares with respect to which the Participant exercises the stock
    appreciation right, over (ii) the aggregate Fair Market Value of such number
    of shares at the time the stock appreciation right was granted.&#160; This
    amount shall be payable by the Corporation, in the Discretion of the Committee,
    in cash or in shares of Common Stock of the Corporation or any combination
    thereof.</p>
  <p class=MsoPlainText>13.&nbsp;&nbsp; <b><i><u>Granting and Exercising of Stock
    Options and Stock Appreciation Rights</u></i></b>: Subject to the provisions
    of this Section 13, each stock option and stock appreciation right granted
    hereunder shall be exercisable at any such time or times or in any such installments
    as may be determined by the Committee at the time of the grant; provided,
    however, no stock option or stock appreciation right may be exercisable prior
    to the expiration of six months from the date of grant unless the Participant
    dies or becomes disabled prior thereto.&#160; Notwithstanding anything contained
    in the Plan to the contrary, stock appreciation rights shall always be granted
    and exercised in such a manner as to conform to the provisions of rules adopted
    pursuant to the provisions of Section 16 of the Exchange Act.&#160; In addition,
    the aggregate Fair Market Value (determined at the time the option is granted)
    of the Common Stock with respect to which Incentive Options are exercisable
    for the first time by a Participant during any calendar year shall not exceed
    $100,000.</p>
  <p class=MsoPlainText>A Participant may exercise a stock option or stock appreciation
    right, if then exercisable, in whole or in part by delivery to the Corporation
    of written notice of the exercise, in such form as the Committee may prescribe,
    accompanied, in the case of a stock option, by (i) payment for the shares
    with respect to which the stock option is exercised in accordance with Section
    11 or (ii) in the Discretion of the Committee, irrevocable instructions to
    a stock broker to promptly deliver to the Corporation full payment for the
    shares with respect to which the stock option is exercised from the proceeds
    of the stock broker's sale of or loan against the shares.&#160; Except as
    provided in Section 17, stock options and stock appreciation rights granted
    to a Participant may be exercised only while the Participant is an employee
    of the Corporation or a Subsidiary.</p>
  <p class=MsoPlainText>Successive stock options and stock appreciation rights
    may be granted to the same Participant, whether or not the stock option(s)
    and stock appreciation right(s) previously granted to such Participant remain
    unexercised.&#160; A Participant may exercise a stock option or a stock appreciation
    right, if then exercisable, notwithstanding that stock options and stock appreciation
    rights previously granted to such Participant remain unexercised.</p>
  <p class=MsoPlainText>The Committee in its Discretion may by giving written
    notice (&quot;Cancellation Notice&quot;) cancel, effective upon the date of
    any corporate transaction described in Section 22 hereof, any stock option
    or stock appreciation right that remains unexercised on such date.&#160; The
    Cancellation Notice shall be given a reasonable period of time prior to the
    proposed date of cancellation and may be given either before or after shareholder
    approval of such corporate transaction.</p>
  <p class=MsoPlainText>14.&nbsp;&nbsp; <b><i><u>Non-transferability of Stock
    Options and Stock Appreciation Rights</u></i></b>:&#160; No stock option or
    stock appreciation right granted under the Plan to a Participant shall be
    transferable by such Participant otherwise than by will or by the laws of
    descent and distribution, and stock options and stock appreciation rights
    shall be exercisable, during the lifetime of the Participant, only by the
    Participant.</p>
  <p class=MsoPlainText>15.&nbsp;&nbsp; <b><i><u>Term of Stock Options and Stock
    Appreciation Rights</u></i></b>:&#160; If not sooner terminated, each stock
    option and stock appreciation right granted hereunder shall expire not more
    than 10 years from the date of the granting thereof; provided, however, that
    with respect to an Incentive Option or a related stock appreciation right
    granted to a Participant who, at the time of the grant, owns (after applying
    the attribution rules of Section 424(d) of the Code) more than 10% of the
    total combined voting stock of all classes of stock of the&#160; Corporation
    or of any parent or subsidiary, such option and stock appreciation right shall
    expire not more than five (5) years after the date of granting thereof.</p>
  <p class=MsoPlainText>16.&nbsp;&nbsp; <b><i><u>Continuation of Employment</u></i></b>:&#160;
    The Committee may require, in its Discretion, that any Participant under the
    Plan to whom a stock option or stock appreciation right shall be granted shall
    agree in writing as a condition of the granting of such stock option or stock
    appreciation right to remain in the employ of the Corporation or a Subsidiary
    as an employee, consultant or advisor for a designed minimum period from the
    date of the granting of such stock option or stock appreciation right as shall
    be fixed by the Committee.</p>
  <p class=MsoPlainText>17.&nbsp;&nbsp; <b><i><u>Termination of Employment</u></i></b>:&#160;
    If the employment or consultancy of a Participant by the Corporation or a
    Subsidiary shall terminate, the Committee may, in its Discretion, permit the
    exercise of stock options and stock appreciation rights granted to such Participant
    (i) for a period not to exceed three months following termination of employment
    with respect to Incentive Options or related stock appreciation rights if
    termination of employment is not due to death or permanent disability of the
    Participant, (ii) for a period not to exceed one year following termination
    of employment with respect to Incentive Options or related stock appreciation
    rights if termination of employment is due to the death or permanent disability
    of the Participant, and (iii) for a period not to extend beyond the expiration
    date with respect to Nonqualified Options or related or independently granted
    stock appreciation rights.&#160; In no event, however, shall a stock option
    or stock appreciation right be exercisable subsequent to its expiration date
    and, furthermore, unless the Committee in its Discretion determines otherwise,
    a stock option or stock appreciation right may only be exercised after termination
    of a Participant's employment or consultancy to the extent exercisable on
    the date of such termination or to the extent exercisable as a result of the
    reason for such termination.&#160; The period of time, if any, a Participant
    shall have to exercise stock options or stock appreciation rights upon termination
    of employment or consultancy shall be set forth in the Corporation-Participant
    Agreement, subject to extension of such time period by the Committee in its
    Discretion.</p>
  <p class=MsoPlainText>18.&nbsp;&nbsp; <b><i><u>Restricted Stock Awards</u></i></b>:&#160;
    Subject to the terms of the Plan, the Committee may award shares of restricted
    stock to Participants.&#160; All shares of restricted stock granted to Participants
    under the Plan shall be subject to the following terms and conditions (and
    to such other terms and conditions prescribed by the Committee):</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At the time of
    each award of restricted shares, there shall be established for the shares
    a restricted period, which shall be no less than six months and no greater
    than five years.&#160; Such restricted period may differ among Participants
    and may have different expiration dates with respect to portions of shares
    covered by the same award.</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of restricted
    stock awarded to Participants may not be sold, assigned, transferred, pledged,
    hypothecated or otherwise encumbered during the restricted period applicable
    to such shares.&#160; Except for such restrictions on transfer, a Participant
    shall have all of the rights of a shareholder in respect of restricted shares
    awarded to him or her including, but not limited to, the right to receive
    any dividends on, and the right to vote, the shares.</p>
  <p class=MsoPlainText>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the employment
    of a Participant as an employee, consultant or advisor of the Corporation
    or a Subsidiary terminates for any reason (voluntary or involuntary, and with
    or without cause) other than by death or permanent disability, all shares
    theretofore awarded to the Participant which are still subject to the restrictions
    imposed by Section 18(b) shall upon such termination of employment be forfeited
    and transferred back to the Corporation, without payment of any consideration
    by the Corporation.&#160; In the event such employment is terminated by action
    of the Corporation or a Subsidiary without cause or by agreement between the
    Corporation or a Subsidiary and the Participant, however, the Committee may,
    in its Discretion, release some or all of the shares from the restrictions.</p>
  <p class=MsoPlainText>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the employment
    of a Participant as an employee, consultant or advisor of the Corporation
    or a Subsidiary terminates by reason of death or permanent disability, the
    restrictions imposed by Section 18(b) shall lapse upon the expiration of a
    ten day period following the death or determination of permanent disability
    of a participant with respect to shares then subject to such restrictions,
    unless otherwise determined by the Committee prior to the expiration of the
    ten day period.</p>
  <p class=MsoPlainText>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock certificates
    shall be issued in respect of shares of restricted stock awarded hereunder
    and shall be registered in the name of the Participant.&#160; Such certificates
    shall be deposited with the Corporation or its designee, together with a stock
    power endorsed in blank, and, in the Discretion of the Committee, a legend
    shall be placed upon such certificates reflecting that the shares represented
    thereby are subject to restrictions against transfer and forfeiture.</p>
  <p class=MsoPlainText>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At the expiration
    of the restricted period applicable to the shares, the Corporation shall deliver
    to the Participant or the legal representative of the Participant's estate
    the stock certificates deposited with it or its designee and as to which the
    restricted period has expired.&#160; If a legend has been placed on such certificates,
    the Corporation shall cause such certificates to be reissued without any legend
    which is no longer applicable.</p>
  <p class=MsoPlainText>g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#160;In the case
    of events such as stock dividends, stock splits, recapitalizations, mergers,
    consolidations or reorganizations of or by the Corporation, any stock, securities
    or other property which a Participant receives or is entitled to receive by
    reason of his or her ownership of restricted shares shall, unless otherwise
    determined by the Committee, be subject to the same restrictions applicable
    to the restricted shares and shall be deposited with the Corporation or its
    designee.</p>
  <p class=MsoPlainText>19.&nbsp;&nbsp; <b><i><u>Investment Purpose</u></i></b>:&#160;
    If the Committee in its Discretion determines that as a matter of law such
    procedure is or may be desirable, it may require a Participant, upon any acquisition
    of Common Stock hereunder (whether by reason of the exercise of stock options
    or stock appreciation rights or the award of restricted stock) and as a condition
    to the Corporation's obligation to issue or deliver certificates representing
    such shares, to execute and deliver to the Corporation a written statement,
    in form satisfactory to the Committee, representing and warranting that the
    Participant's acquisition of shares of stock shall be for such person's own
    account, for investment and not with a view to the resale or distribution
    thereof and that any subsequent offer for sale or sale of any such shares
    shall be made either pursuant to (a) a registration statement on an appropriate
    form under the Securities Act of 1933, as amended (the &quot;Securities Act&quot;),
    which registration statement has become effective and is current with respect
    to the shares being offered and sold, or (b) a specific exemption from the
    registration requirements of the Securities Act, but in claiming such exemption
    the Participant shall, prior to any offer for sale or sale of such shares,
    obtain a favorable written opinion from counsel for or approved by the Corporation
    as to the availability of such exemption.&#160; The Corporation may endorse
    an appropriate legend referring to the foregoing restriction upon the certificate
    or certificates representing any shares issued or transferred to a Participant
    under the Plan.</p>
  <p class=MsoPlainText>20.&nbsp;&nbsp; <b><i><u>Corporation's Right of First
    Refusal</u></i></b>.&#160; A Participant cannot make a valid transfer (as
    hereinafter defined) of any shares of Common Stock acquired pursuant to this
    Plan (whether by reason of the of the exercise of stock options or stock appreciation
    rights or the award of restricted stock) the other restrictions upon which
    have lapsed, or any interest in such shares, unless such transfer is made
    in compliance with the following provisions:</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before there can
    be a valid transfer of any shares or any interest therein, the record holder
    of the shares to be transferred (the &quot;Offered Shares&quot;) shall give
    written notice (by registered or certified mail) to the Corporation of the
    desire to sell the shares.&#160; The date such notice is mailed shall be hereinafter
    referred to as the &quot;Notice Date&quot; and the record holder of the Offered
    Shares shall be hereinafter referred to as the &quot;Offeror.&quot;</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For a period of
    ten (10) business days after the Notice Date, the Corporation shall have the
    option to purchase all (but not less than all) of the Offered Shares at their
    Fair Market Value in accordance with the terms set forth in this Section 20.&#160;
    This right shall be exercisable by the Corporation by mailing (by registered
    or certified mail) written notice of exercise to the Offeror prior to the
    end of such ten (10) business day period.&#160; </p>
  <p class=MsoPlainText>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As used in this
    Section 20, the term &quot;transfer&quot; means any sale, encumbrance, pledge,
    or other form of disposition or transfer of shares of the Corporation's Stock
    or any legal or equitable interest therein; provided, however, that the term
    &quot;transfer&quot; does not include a transfer of such shares or interests
    by will or by the applicable laws of descent and distribution.</p>
  <p class=MsoPlainText>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of
    Stock evidencing shares of Stock shall bear an appropriate legend referring
    to the transfer restrictions imposed by this Section 20.</p>
  <p class=MsoPlainText>21.&nbsp;&nbsp; <b><i><u>No Rights to Continued Employment</u></i></b>:&#160;
    Nothing contained in the Plan or in any stock option, stock appreciation right
    or restricted stock granted or awarded pursuant to the Plan, nor any action
    taken by the Committee hereunder, shall confer upon any Participant any right
    with respect to continuation of employment as an employee, consultant or advisor
    of the Corporation or a Subsidiary nor interfere in any way with the right
    of the Corporation or a Subsidiary to terminate such person's employment at
    any time.</p>
  <p class=MsoPlainText>22.&nbsp;&nbsp; <b><i><u>No Bar to Corporate Restructuring</u></i></b>.&#160;
    The existence of this Plan or outstanding awards under this Plan shall not
    affect in any way the right or power of the Corporation or its stockholders
    to make or authorize any and all adjustments, recapitalization, reorganizations
    or other changes in the Corporation's capital structure or its business, or
    any merger or consolidation of the Corporation, or any issue of bonds, debentures,
    preferred or preference stocks ahead of or affecting the Stock or the rights
    thereof, or the dissolution or liquidation of the Corporation, or any sale
    or transfer of all or part of its assets or business or any other corporate
    act or proceeding, whether of a similar character or otherwise.&#160; </p>
  <p class=MsoPlainText>23.&nbsp;&nbsp; <b><i><u>Withholding Payments</u></i></b>:&#160;
    If upon the exercise of a Nonqualified Option or stock appreciation right,
    or upon the award of restricted stock or the expiration of restrictions applicable
    to restricted stock, or upon a disqualifying disposition (within the meaning
    of Section 422 of the Code) of shares acquired upon exercise of an Incentive
    Option, there shall be payable by the Corporation or a Subsidiary any amount
    for income tax withholding, in the Committee's Discretion, either the Corporation
    shall appropriately reduce the amount of Common Stock or cash to be delivered
    or paid to the Participant or the Participant shall pay such amount to the
    Corporation or Subsidiary to reimburse it for such income tax withholding.&#160;
    The Committee may, in its Discretion, permit Participants to satisfy such
    withholding obligations, in whole or in part, by electing to have the amount
    of Common Stock delivered or deliverable by the Corporation upon exercise
    of a stock option or stock appreciation right or upon award of restricted
    stock appropriately reduced, or by electing to tender Common Stock back to
    the Corporation subsequent to exercise of a stock option or stock appreciation
    right or award of restricted stock, to reimburse the Corporation or a Subsidiary
    for such income tax withholding (any such election being irrevocable), subject
    to such rules and regulations as the Committee may adopt, including such rules
    as it determines appropriate with respect to Participants subject to the reporting
    requirements of Section 16(a) of the Exchange Act, to effect such tax withholding
    in compliance with the Rules established by the Securities and Exchange Commission
    (the &quot;Commission&quot;) under Section 16 of the Exchange Act and the
    positions of the staff of the Commission thereunder expressed in no-action
    letters exempting such tax withholding from liability under Section 16(b)
    of the Exchange Act.&#160; The Committee may make such other arrangements
    with respect to income tax withholding as it shall determine.</p>
  <p class=MsoPlainText>24.&nbsp;&nbsp; <b><i><u>Effectiveness of Plan</u></i></b>:
    The Plan shall be effective on the date the Board of Directors of the Corporation
    adopts the Plan, provided that the shareholders of the Corporation approve
    the Plan within 12 months of its adoption by the Board of Directors.&#160;
    Stock options, stock appreciation rights and restricted stock may be granted
    or awarded prior to shareholder approval of the Plan, but each such stock
    option, stock appreciation right or restricted stock grant or award shall
    be subject to shareholder approval of the Plan.&#160; No stock option or stock
    appreciation right may be exercised prior to shareholder approval, and any
    restricted stock awarded is subject to forfeiture if such shareholder approval
    is not obtained.</p>
  <p class=MsoPlainText>25.&nbsp;&nbsp; <b><i><u>Termination, Duration and Amendments
    of Plan</u></i></b>: The Plan may be abandoned or terminated at any time by
    the Board of Directors of the Corporation.&#160; Unless sooner terminated,
    the Plan shall terminate on the date ten years after its adoption by the Board
    of Directors, and no stock options, stock appreciation rights or restricted
    stock may be granted or awarded thereafter.&#160; The termination of the Plan
    shall not affect the validity of any stock option, stock appreciation right
    or restricted stock outstanding on the date of termination.</p>
  <p class=MsoPlainText>For the purpose of conforming to any changes in applicable
    law or governmental regulations, or for any other lawful purpose, the Board
    of Directors shall have the right, with or without approval of the shareholders
    of the Corporation, to amend or revise the terms of the Plan at any time.</p>
  <p class=MsoPlainText>26.&nbsp;&nbsp; <b><i><u>Capital Readjustments/Share Allocation
    Modifications</u></i></b>.&#160; The shares included in Participant awards
    granted under this Plan are shares of the Stock as constituted on the Effective
    Date of this Plan, but if, and whenever, after such Effective Date and prior
    to the earlier of the last day of the Term of this Plan or the delivery by
    the Corporation of all of the shares of Stock included in Participant awards,
    the Corporation shall effect:</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A change in the
    par value of its Stock;</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A change in the
    number of shares of Stock having par value into the same or a different number
    of shares without par value;</p>
  <p class=MsoPlainText>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A subdivision or
    consolidation of shares;</p>
  <p class=MsoPlainText>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any other capital
    readjustment;</p>
  <p class=MsoPlainText>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The payment of
    a Stock dividend; or</p>
  <p class=MsoPlainText>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any other
    increase or reduction of the number of shares of Stock outstanding; without
    the receipt of consideration by the Corporation, then</p>
  <p class=MsoPlainText>(1)&nbsp;&nbsp;&nbsp; The Plan Administrator shall make
    concomitant adjustments in the maximum outstanding Participant awards specified
    in Section 5 as appropriate; and</p>
  <p class=MsoPlainText>(2)&nbsp;&nbsp;&nbsp; In the event of no change in the
    number of shares outstanding in connection with a change in par value of the
    Stock or a change from par value to no par value, the shares resulting from
    any such change shall be deemed to be Stock under this Plan.</p>
  <p class=MsoPlainText>27.&nbsp;&nbsp; <b><i><u>Mergers and Consolidations</u></i></b>.&#160;
    In case at any time the Corporation shall be a party to any transaction (including,
    without limitation, a merger, consolidation, sale of all or substantially
    all of the Corporation's assets, liquidation or recapitalization of the Common
    Stock) in which the previously outstanding Common Stock shall be changed into
    or exchanged for different securities of the Corporation (in a situation not
    covered under Section 5) or common stock or other securities of another corporation
    or interests in a non-corporate entity or other property (including cash)
    or any combination of the foregoing (each such transaction being herein called
    a &quot;Transaction,&quot; and the Corporation (in the case of the recapitalization
    of the Common Stock) or such other corporation or entity (in the case of a
    merger, consolidation or such sale) being herein called the &quot;Acquiring
    Corporation&quot;), then as a condition of the consummation of the Transaction,
    lawful and adequate provision shall be made so that each Participant shall
    be entitled to receive, in lieu of the Shares which were awarded to such Participant
    and are still subject to the restrictions contained in Section 3.5 of this
    Plan on or prior to the consummation of the Transaction, the securities or
    other property to which each such Participant would have been entitled upon
    consummation of the Transaction if such Participant had been able to tender
    or otherwise transfer his or her shares without restriction.&#160; Any such
    securities or other property received as contemplated by this Section 27 shall
    be held by the Corporation or its successor (or an agent designated by the
    Corporation or such successor) until the restrictions as set forth in this
    Plan shall have lapsed.</p>
  <p class=MsoPlainText>28.&nbsp;&nbsp; <b><i><u>Legal Impediments to Implementation</u></i></b>.&#160;
    Anything in this Plan to the contrary notwithstanding, if at any time specified
    herein for the award or delivery of restricted shares to Participants, any
    law or regulations of any governmental authority having jurisdiction in the
    matter shall require either the Corporation or the Participant to take any
    action or refrain from action in connection therewith, then the award or delivery
    of such shares shall be deferred until such action shall have been taken or
    such restriction on action shall have been removed.</p>
  <p class=MsoPlainText>29.&nbsp;&nbsp; <b><i><u>Non-Transferability/Designation
    of Beneficiary</u></i></b>.</p>
  <p class=MsoPlainText>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as provided
    in subparagraph b, a Participant may not either voluntarily or involuntarily
    assign, anticipate, alienate, commute, pledge or encumber an award to which
    he or she is or may become entitled to under the Plan, nor may the same be
    subject to attachment or garnishment by any creditor of a Participant.</p>
  <p class=MsoPlainText>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notwithstanding
    anything in subparagraph a to the contrary, a Participant must designate a
    person or persons to receive, in the event of his death, any right to which
    he would be entitled under the Plan.&#160; Such designation shall be made
    in writing, and filed with the Corporation.&#160; A beneficiary designation
    may be changed or revoked by a Participant at any time by filing a written
    statement of such change or revocation with the Corporation.&#160; If a Participant
    fails to designate a beneficiary, then his or her estate shall be deemed to
    be his beneficiary.</p>
  <p class=MsoPlainText>30.&nbsp;&nbsp; <b><i><u>Awards Unfunded</u></i></b>.&#160;
    The awards provided pursuant to this Plan (if any) shall be provided solely
    from the general assets of the Corporation.&#160; No trust or other funding
    device providing for the identification or segregation of assets to fund Plan
    awards has been established, nor is it the Corporation's intention to do so.&#160;
    Each Participant shall be a general and unsecured creditor of the Corporation
    with respect to any interest he or she may have under this Plan, provided
    that awards of Stock with respect to which certificates have been issued pursuant
    to this Plan shall be deemed the property of the Participant in whose name
    they are issued subject to the ownership and transfer restrictions described
    elsewhere.&#160; With respect to such Stock the Corporation shall be deemed
    a custodian.</p>
  <p class=MsoPlainText>31.&nbsp;&nbsp; <b><i><u>Taxation of Awards</u></i></b>.&#160;
    Awards under this Plan will be compensation subject to federal and state taxes.</p>
  <p class=MsoPlainText>32.&nbsp;&nbsp; <b><i><u>Retirement Plans and Welfare
    Benefit Plans</u></i></b>.&#160; Except as otherwise specified in this Plan
    and the plan in question, awards will not be included as &quot;compensation&quot;
    for purposes of the Corporation's retirement plans (both qualified and non-qualified)
    or welfare benefit plans.</p>
  <p class=MsoPlainText>33.&nbsp;&nbsp; <b><i><u>Governing Law</u></i></b>.&#160;
    The Plan shall be construed and its provisions enforced and administered in
    accordance with the laws of the State of Florida and, where applicable, federal
    law.</p>
  <p class=MsoPlainText>34.&nbsp;&nbsp; <b><i><u>&#160;Severability</u></i></b>.&#160;
    If any provision of this Plan should be held illegal or invalid for any reason,
    such determination shall not affect the provisions of this Plan, but instead
    the Plan shall be construed as if such provisions had never been included
    herein.</p>
  <p class=MsoPlainText>35.&nbsp;&nbsp; <b><i><u>Headings</u></i></b>.&#160; Headings
    contained in this Plan are for convenience only and shall in no event be construed
    as part of this Plan.</p>
  <b><br
clear=all style='page-break-before:always'>
  </b>
  <p class=MsoNormal align=right style='text-align:right;
'><b>Exhibit 5.1</b></p>
  <p class=MsoNormal>July 25, 2001</p>
  <p class=MsoNormal>International Speedway Corporation</p>
  <p class=MsoNormal>1801 West International Speedway Boulevard</p>
  <p class=MsoNormal>Daytona Beach, Florida&#160; 32114</p>
  <p class=MsoNormal><b>Re:&#160; <u>Offering of Shares Pursuant to Registration
    Statement on Form S-8</u></b></p>
  <p class=MsoNormal>Ladies and Gentlemen:</p>
  <p class=para>We have acted as counsel to International Speedway Corporation,
    a Florida corporation (the &#147;Company&#148;), in connection with the preparation
    of the Registration Statement on Form S-8 to be filed by the Company with
    the Securities and Exchange Commission under the Securities Act of 1933, as
    amended (the &#147;Securities Act&#148;), on or about the date hereof&#160;
    (the &#147;Registration Statement&#148;)&#160; relating to the registration
    of 1,000,000 shares of the Company&#146;s Class A Common Stock, $.01 par value
    per share (the &#147;Shares&#148;),&#160; reserved for issuance from time
    to time under the Company&#146;s 1996 Long-Term Stock Incentive Plan (the
    &#147;Plan&#148;).</p>
  <p class=para>In so acting, we have examined originals, or copies certified
    or otherwise identified to our satisfaction, of (a) the Amended and Restated
    Articles of Incorporation, as amended,&#160; and Amended and Restated By-Laws
    of the Company as currently in effect, (b) the Registration Statement, (c)
    the Plan, (d) certain resolutions adopted by the Board of Directors of the
    Company, and (e) such other documents, records, certificates and other instruments
    of the Company as in our judgment are necessary or appropriate for purposes
    of this opinion.</p>
  <p class=para>Based on the foregoing, it is our opinion that the Shares will
    be, when issued and sold in the manner referred to in the Plan,&#160; legally
    issued,&#160; fully paid and non-assessable.</p>
  <p class=para>We hereby consent to the filing of this opinion as Exhibit 5.1
    to the Registration Statement.&#160; In giving such consent, we do not hereby
    admit that we come within the category of persons whose consent is required
    under Section 7 of the Securities Act, or the rules or regulations of the
    Securities and Exchange Commission promulgated thereunder.</p>
  <p class=sign>Very truly yours,</p>
  <p class=sign>GREENBERG TRAURIG, P.A.</p>
</div>
<br clear=all style='page-break-before:always;
'>
<div class=Section2>
  <p class=MsoNormal align=right style='text-align:right'><b>Exhibit 23.1</b></p>
  <p class=MsoNormal align=center style='text-align:center;
'><b><u>CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS</u></b></p>
  <p class=MsoNormal>Board of Directors </p>
  <p class=MsoNormal>International Speedway Corporation</p>
  <p class=para>We consent to the incorporation by reference in the Registration
    Statement on Form S-8 pertaining to the International Speedway Corporation
    1996 Long-Term Stock Incentive Plan of our report dated January 12, 2001 with
    respect to the consolidated financial statements and schedule of International
    Speedway Corporation included in its Annual Report on Form 10-K for the fiscal
    year ended November 30, 2000,&#160; filed with the Securities and Exchange Commission.</p>
  <p class=para align=right style='text-align:right'>Ernst &amp; Young LLP</p>
  <p class=MsoNormal>Jacksonville, Florida</p>
  <p class=MsoNormal>July 25, 2001</p>
  <p class=MsoNormal style='
'>&nbsp;</p>
</div>
</body>
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{"company-data": {"conformed-name": "INTERNATIONAL SPEEDWAY CORP", "cik": "0000051548", "assigned-sic": "7948", "irs-number": "590709342", "state-of-incorporation": "FL", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-65868", "film-number": "1689285"}, "business-address": {"street1": "1801 W INTERNATIONAL SPEEDWAY BLVD", "city": "DAYTONA BEACH", "state": "FL", "zip": "32114-1243", "phone": "9042542700"}, "mail-address": {"street1": "1801 WEST INTERNATIONAL SPEEDWAY CORP", "city": "DAYTONA BEACH", "state": "FL", "zip": "32114-1243"}, "former-company": [{"former-conformed-name": "DAYTONA INTERNATIONAL SPEEDWAY CORP", "date-changed": "19691130"}, {"former-conformed-name": "FRANCE BILL RACING INC", "date-changed": "19670227"}]}
As
filed
    with the Securities and Exchange Commission on July 26, 2001
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________
INTERNATIONAL SPEEDWAY CORPORATION
(Exact name of
    registrant as specified in its charter)
Florida
59-0709342
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
1801 West International Speedway Boulevard
Daytona Beach, Florida 32114
(Address of Principal Executive Offices)
1996 Long-Term Stock Incentive Plan
(Full title of the Plan)
W. Garrett
            Crotty
Vice President and General Counsel
1801 West International Speedway Boulevard
Daytona Beach, Florida 32114
(Name and address
    of agent for service)
(386) 254-2700
(Telephone number,
    including area code, of agent for service)
Copies of all Communications
    To:
Andrew E. Balog, Esq.
Greenberg Traurig, P.A.
1221 Brickell Avenue
Miami, Florida  33131
(305) 579-0500
___________________
CALCULATION OF
    REGISTRATION FEE
Title of securities
to be registered
Amount to be
registered (1)
Proposed maximum offering price per share (2)
Proposed maximum aggregate offering price
Amount of
registration fee
Class A Common Stock, $.01 par value per share
1,000,000  shares
$42.15
$42,150,000
$11,128
(1)    
    Together with an indeterminable number of additional shares which may be issued
    pursuant to the 1996 Long-Term Stock Incentive Plan as a result of stock splits,
    stock dividends or similar transactions in accordance with Rule 416 under
    the Securities Act.
(2)
Estimated in accordance with Rule 457(h) under the Securities
    Act solely for the purpose of calculating the registration fee based upon
    the average of the high and low prices reported on The Nasdaq National Market 
    on July 24, 2001.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A)
    PROSPECTUS
The document(s) containing the information specified in Part I
    of Form S‑8 will be sent or given to participants in the International
    Speedway Corporation 1996 Long-Term Stock Incentive Plan as specified by Rule
    428(b)(1) promulgated by the Securities and Exchange Commission (the "Commission")
    under the Securities Act of 1933, as amended (the "Securities Act").
Such document(s) are not being filed with the Commission, but
    constitute (along with the documents incorporated by reference into the Registration
    Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
    requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
    STATEMENT
Item 3.    Incorporation of Documents
    by Reference.
The following documents filed by International Speedway Corporation
    (the "Registrant") with the Commission are hereby incorporated herein
    by reference:
(a)                
    The Registrant's Annual Report on Form 10-K for the fiscal year ended November
    30, 2000;
(b)                
    The Registrant's Quarterly Reports on Form 10-Q for the quarterly periods
    ended February 28, 2001 and May 31, 2001;
(c)                
    The Registrant's Schedule 14C Information Statement relating to its 2001
    annual meeting of shareholders filed March 7, 2001;
(d)                
    The Registrant's Current Report on Form 8-K filed July 10, 2001;
(e)                
    The Registrant's Current Report on Form 8-K filed April 5, 2001; and
(f)                 
    The description of the Registrant's Class A Common Stock contained in
    its Registration Statement on Form 8‑A filed October 29, 1996, including
    any amendment or report filed for the purpose of updating such description.
In addition, all documents filed by the Registrant pursuant to
    Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
    as amended, after the date of this Registration Statement and prior to the
    termination of this offering shall be deemed to be incorporated by reference
    herein and to be a part hereof from the date of filing of such documents with
    the Commission.
Any statements contained in this Registration Statement, or in
    a document incorporated or deemed to be incorporated by reference herein,
    shall be deemed to be modified or superseded for purposes of this Registration
    Statement to the extent that a statement contained herein or in any other
    subsequently filed document which is also deemed to be incorporated by reference
    herein modifies or supersedes such statement.  Any such statement so
    modified or superseded shall not be deemed, except as so modified or superseded,
    to constitute a part of this Registration Statement.
Item 4.    Description of Securities.
Not applicable.  The class of securities to be offered is
    registered under Section 12 of the Exchange Act.
Item 5.    Interests of Named Experts
    and Counsel.
Not applicable.
Item 6.    Indemnification of Directors
    and Officers.
The Registrant, a Florida corporation, is empowered by Section
    607.0850 of the Florida Business Corporation Act, subject to the procedures
    and limitations stated therein, to indemnify any person who was or is a party
    to any proceeding other than any action by, or in the right of, the corporation,
    by reason of the fact that he is or was a director, officer, employee, or
    agent of the corporation or is or was serving at the request of the corporation
    as a director, officer, employee, or agent of another corporation, partnership,
    joint venture, trust or other enterprise against liability incurred in connection
    with such proceeding, including any appeal thereof, if he acted in good faith
    and in a manner he reasonably believed to be in, or not opposed to, in the
    best interest of the corporation and, with respect to any criminal action
    or proceeding, had no reasonable cause to believe his conduct was unlawful.
Section 607.0850 also empowers a Florida corporation to indemnify
    any person who was or is a party to any proceeding by or in the right of the
    corporation to procure a judgment in its favor by reason of the fact that
    he is or was a director, officer, employee or agent of the corporation or
    is or was serving at the request of the corporation as a director, officer,
    employee or agent of another corporation, partnership, joint venture, trust,
    or other enterprise, against expenses and amounts paid in settlement not exceeding,
    in the judgment of the board of directors, the estimated expense of litigating
    the proceeding to conclusion, actually and reasonably incurred in connection
    with the defense or settlement of such proceeding, including any appeal thereof,
    if he acted in good faith and in a manner he reasonably believed to be in,
    or not opposed to, the best interests of the corporation, except that no indemnification
    may be made in respect of any claim, issue or matter as to which such person
    shall have been adjudged to be liable unless, and only to the extent that,
    the court in which such proceeding was brought, or any other court of competent
    jurisdiction, shall determine upon application that, despite the adjudication
    of liability but in view of all circumstances of the case, such person is
    fairly and reasonably entitled to indemnity for such expenses which such court
    shall deem proper.  To the extent that a director, officer, employee
    or agent of a corporation has been successful on the merits or otherwise in
    defense of any proceeding referred to above, or in defense of any claim, issue
    or matter therein, he shall be indemnified against expenses actually and reasonably
    incurred by him in connection therewith.
The indemnification and advancement of expenses provided pursuant
    to Section 607.0850 are not exclusive, and a corporation may make any other
    or further indemnification or advancement of expenses to any of its directors,
    officers, employees or agents, under any bylaw, agreement, vote of shareholders
    or disinterested directors, or otherwise, both as to action in his official
    capacity and as to action in another capacity while holding such office. 
    However, a director, officer, employee or agent is not entitled to indemnification
    or advancement of expenses if a judgment or other final adjudication establish
    that his actions, or omissions to act, were material to the cause of action
    so adjudicated and constitute:  (i) a violation of the criminal
    law, unless the director, officer, employee or agent had reasonable cause
    to believe his conduct was lawful or had no reasonable cause to believe his
    conduct was unlawful; (ii) a transaction from which the director, officer,
    employee or agent derived an improper personal benefit; (iii) in the
    case of a director, a circumstance under which the liability provisions of
    Section 607.0834 of the Florida Business Corporation Act, relating to a director's
    liability for voting in favor of or asserting to an unlawful distribution,
    are applicable; or (iv) willful misconduct or a conscious disregard for
    the best interests of the corporation in a proceeding by or in the right of
    the corporation to procure a judgment in its favor or in a proceeding by or
    in the right of a shareholder.
The Registrant's  Amended and Restated Articles of Incorporation,
    as amended, provide that the Registrant shall indemnify and may advance expenses
    to its officers and directors to the fullest extent permitted by law in existence
    from time to time.
The Registrant maintains an insurance policy covering directors
    and officers under which the insurer agrees to pay, subject to certain exclusions,
    for any claim made against the directors and officers of the Registrant for
    a wrongful act for which they may become legally obligated to pay or for which
    the Registrant is required to indemnify its directors and officers.
Item 7.    Exemption from Registration
    Claimed.
Not applicable.
Item 8.    Exhibits.
Exhibit No.
Description
4.1
Amended and Restated Articles of Incorporation of the
          Registrant (incorporated by reference to Exhibit 3.2 to the Registrant's
          Current Report on Form 8-K dated July 26, 1999)
4.2
Articles of Amendment to Amended and Restated Articles
          of Incorporation of the Registrant (incorporated by reference to Exhibit
          3.1 to the Registrant's Current Report on Form 8-K dated July 26,
          1999)
4.3
Amended and Restated By-Laws of the Registrant (incorporated
          by reference to Exhibit 3(ii) to the Registrant's Annual Report
          on Form 10-K for the fiscal year ended November 30, 1998)
*4.4
1996 Long-Term Stock Incentive Plan of the Registrant
*5.1
Opinion of Greenberg Traurig, P.A.
*23.1
Consent of Ernst & Young LLP.
*23.2
Consent of Greenberg Traurig, P.A. (included in Exhibit
          5.1 hereof).
*24.1
Power of Attorney (included in the signature page hereto).
* Filed with this Registration Statement.
Item 9.    Undertakings.
(a)          
    The undersigned Registrant hereby undertakes:
(1)           To file,
      during any period in which offers or sales are being made, a post-effective
      amendment to this Registration Statement:
(i)           
        To include any prospectus required by Section 10(a)(3) of the Securities
        Act of 1933, as amended (the "Securities Act);
(ii)           To reflect
        in the prospectus any facts or events arising after the effective date
        of the Registration Statement (or the most recent post-effective amendment
        thereof) which, individually or in the aggregate, represent a fundamental
        change in the information set forth in the Registration Statement. 
        Notwithstanding the foregoing, any increase or decrease in volume of securities
        offered (if the total dollar value of securities offered would not exceed
        that which was registered) and any deviation from the low or high end
        of the estimated maximum offering range may be reflected in the form of
        prospectus filed with the Commission pursuant to Rule 424(b) if, in the
        aggregate, the changes in volume and price represent no more than 20 percent
        change in the maximum aggregate offering price set forth in the "Calculation
        of Registration Fee" table in the effective Registration Statement;
(iii)         
      To include any material information with respect to the plan of distribution
      not previously disclosed in the Registration Statement or any material change
      to such information in the Registration Statement;
PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) shall
    not apply if the information required to be included in a post-effective amendment
    by those paragraphs is contained in periodic reports filed with or furnished
    to the Commission by the Registrant pursuant to Section 13 or Section 15(d)
    of the Exchange Act that are incorporated by reference in this Registration
    Statement.
(2)          
    That, for the purpose of determining any liability under the Securities Act,
    each such post-effective amendment shall be deemed to be a new registration
    statement relating to the securities offered herein, and the offering of such
    securities at that time shall be deemed to be the initial bona fide offering
    thereof.
(3)           To remove
      from registration by means of a post-effective amendment any of the securities
      being registered which remain unsold at the termination of the offering.
(b)          
    The undersigned Registrant hereby undertakes that, for purposes of determining
    any liability under the Securities Act, each filing of the Registrant's annual
    report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
    where applicable, each filing of an employee benefit plan's annual report
    pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
    in the Registration Statement shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of such securities
    at that time shall be deemed to be the initial bona fide offering thereof.
(c)          
    Insofar as indemnification for liabilities arising under the Securities Act
    may be permitted to directors, officers and controlling persons of the Registrant
    pursuant to the foregoing provisions or otherwise, the Registrant has been
    advised that in the opinion of the Commission such indemnification is against
    public policy as expressed in the Securities Act and is, therefore, unenforceable. 
    In the event that a claim for indemnification against such liabilities (other
    than the payment by the Registrant of expenses incurred or paid by a director,
    officer or controlling person of the Registrant in the successful defense
    of any action, suit or proceeding) is asserted by such director, officer or
    controlling person in connection with the securities being registered, the
    Registrant will, unless in the opinion of its counsel the matter has been
    settled by controlling precedent, submit to a court of appropriate jurisdiction
    the question whether such indemnification by it is against public policy as
    expressed in the Securities Act and will be governed by the final adjudication
    of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    Registrant certifies that it has reasonable grounds to believe that it meets
    all of the requirements for filing on Form S-8 and has duly caused this Registration
    Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
    in the City of Daytona Beach, State of Florida, on the 25th day of July, 2001.
INTERNATIONAL SPEEDWAY CORPORATION
By:
/s/ JAMES
            C. FRANCE
James C. France
President and Chief Operating Officer
POWER OF ATTORNEY
The Registrant and each person whose signature appears below hereby
    authorizes W. Garrett Crotty and Glenn R. Padgett, and each of them individually
    (the "Agent"), with full power of substitution and resubstitution,
    to file one or more amendments (including post-effective amendments) to the
    Registration Statement which amendments may make such changes in the Registration
    Statement as such Agent deems appropriate, and the Registrant and each such
    person hereby appoints each such Agent as attorney-in-fact to execute in the
    name and on behalf of the Registrant and each such person, individually and
    in each capacity stated below, any such amendments to the Registration Statement.
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed below by the following persons in the
    capacities and on the dates indicated.
Signature
Title
Date
/s/ WILLIAM C. FRANCE
William C. France
Chairman of the Board, and
Chief Executive Officer
(Principal Executive Officer)
July
          25, 2001
/s/ ROGER S. PENSKE
Roger S. Penske
Vice Chairman of the Board
July 25, 2001
/s/ SUSAN G. SCHANDEL
Susan G. Schandel
Vice President, Chief Financial
Officer and Treasurer
(Principal Financial Officer)
July
          25, 2001
/s/ DANIEL W. HOUSER
Daniel W. Houser
Controller
(Principal Accounting Officer)
July
          25, 2001
/s/ JAMES C. FRANCE
James C. France
President, Chief Operating Officer
and Director
July
          25, 2001
/s/ LESA D. KENNEDY
Lesa D. Kennedy.
Executive Vice President
and Director
July
          25, 2001
/s/ H. LEE COMBS
H. Lee Combs
Senior Vice President
-Corporate Development and
Director
July
          25, 2001
/s/ GREGORY W. PENSKE
Gregory W. Penske
Senior Vice President – Western Operations
          and Director
July
          25, 2001
/s/ J. HYATT BROWN
J. Hyatt Brown
Director
July
          25, 2001
/s/ JOHN R. COOPER
John R. Cooper
Director
July
          25, 2001
/s/ WALTER P. CZARNECKI
Walter P. Czarnecki
Director
July
          25, 2001
/s/ ROBERT R. DYSON
Robert R. Dyson
Director
July
          25, 2001
/s/ BRIAN Z. FRANCE
Brian Z. France
Director
July
          25, 2001
/s/ CHRISTY F. HARRIS
Christy F. Harris
Director
July
          25, 2001
/s/ RAYMOND K. MASON, JR.
Raymond K. Mason, Jr.
Director
July
          25, 2001
/s/ EDWARD H. RENSI
Edward H. Rensi
Director
July
          25, 2001
/s/ LLOYD E. REUSS
Lloyd E. Reuss
Director
July
          25, 2001
/s/ CHAPMAN J. ROOT
Chapman J. Root
Director
July
          25, 2001
/s/ THOMAS W. STAED
Thomas W. Staed
Director
July
          25, 2001
Exhibit Index
Exhibit No.
Description
4.4
International Speedway Corporation 1996 Long-Term Stock
          Incentive Plan
5.1
Opinion of Greenberg Traurig, P.A.
23.1
Consent of Ernst & Young LLP
23.2
Consent of Greenberg Traurig, P.A. (included in Exhibit
          5.1 hereof)
24.1
Power of Attorney (included in the signature page hereto)
Exhibit 4.4
International
    Speedway Corporation
1996 Long-Term Stock Incentive Plan
1.
Definitions
:
    As used herein, the following definitions shall apply:
a.       "
Board
    of Directors
" shall mean the Board of Directors of the Corporation.
b.       "
Committee
"
    shall mean the Compensation Committee designated by the Board of Directors
    of the Corporation, or such other committee as shall be specified by the Board
    of Directors to perform the functions and duties of the Committee under the
    Plan; provided, however, that the Committee shall comply with the requirements
    of (i) Rule 16b-3 of the Rules and Regulations under the Securities Exchange
    Act of 1934, as amended (the "Exchange Act"), and (ii) Section 162(m)
    of the Internal Revenue Code of 1986, as amended (the "Code"), and
    the regulations thereunder.
c.       "
Common
    Stock
" shall mean Class A Common Stock of the Corporation.
d.       "
Corporation
"
    shall mean International Speedway Corporation, a Florida corporation, or any
    successor thereof.
e.       "
Discretion
"
    shall mean in the sole discretion of the Committee, with no requirement whatsoever
    that the Committee follow past practices, act in a manner consistent with
    past practices, or treat a key employee, consultant or advisor in a manner
    consistent with the treatment afforded other key employees, consultants or
    advisors with respect to the Plan.
f.        "
Fair
    Market Value
" shall mean (a) the closing price of a share of the
    Corporation's Common Stock on the principal exchange on which shares of the
    Corporation's Common Stock are then trading, if any, on such date, or, if
    shares were not traded on such date, then on the next preceding day during
    which a sale occurred; (b) if such Stock is not traded on an exchange, but
    is quoted on NASDAQ or a successor quotation system, (i) the last sales price
    (if the Stock is then listed on the NASDAQ National Market) or (ii) the mean
    between the closing representative bid and asked prices (in all other cases)
    for the Stock on such date as reported by NASDAQ or such successor quotation
    system; or (c) if such Stock is not publicly traded on an exchange and not
    quoted on NASDAQ or a successor quotation system, the mean between the closing
    bid and asked prices for the Stock on such date as determined in good faith
    by the Committee.
g.       "
Incentive
    Option
" shall mean an option to purchase Common Stock of the Corporation
    which meets the requirements set forth in the Plan and also meets the definition
    of an incentive stock option within the meaning of Section 422 of the Code;
    provided, however, that Incentive Options may only be granted to persons who
    are employees of the Corporation or of a subsidiary corporation in which the
    Corporation owns, directly or indirectly, 50% or more of the combined voting
    power of all classes of stock of the subsidiary corporation.  The stock
    option agreement for an Incentive Option shall state that the option is intended
    to be an Incentive Option.
h.       "
Plan Administrator
"
    shall mean the Committee.
i.         "
Nonqualified
    Option
" shall mean an option to purchase Common Stock of the Corporation
    which meets the requirements set forth in the Plan but does not meet the definition
    of an incentive stock option within the meaning of Section 422 of the Code. 
    The stock option agreement for a Nonqualified Option shall state that the
    option is intended to be a Nonqualified Option.
j.         "
Participant
"
    shall mean any individual designated by the Committee under Section 6 for
    participation in the Plan.
k.       "
Plan
"
    shall mean this International Speedway Corporation 1996 Long-Term Stock Incentive
    Plan.
l.         "
Restricted
    stock award
" shall mean a grant of Common Stock of the Corporation
    which is subject to forfeiture, restrictions against transfer, and such other
    terms and conditions determined by the Committee, as provided in Section 18.
m.     "
Stock appreciation
    right
" shall mean a right to receive the appreciation in value, or
    a portion of the appreciation in value, of a specified number of shares of
    the Common Stock of the Corporation, as provided in Section 12.
n.       "
Subsidiary
"
    shall mean any corporation or similar entity in which the Corporation owns,
    directly or indirectly, stock or other equity interest ("Stock")
    possessing more than 25% of the combined voting power of all classes of Stock;
    provided, however, that an Incentive Option may be granted to an employee
    of a Subsidiary only if the Subsidiary is a corporation and the Corporation
    owns, directly or indirectly, 50% or more of the total combined voting power
    of all classes of Stock of the Subsidiary.
2.
Purpose
    of Plan
: The purpose of the Plan is to provide key employees (including
    officers and directors who are also key employees), consultants and advisors
    of the Corporation and its Subsidiaries with an increased incentive to make
    significant and extraordinary contributions to the long-term performance and
    growth of the Corporation and its Subsidiaries, to join the interests of key
    employees, consultants and advisors with the interests of the shareholders
    of the Corporation, by focusing on long-term goals and creation of increases
    in shareholder value, and to facilitate attracting and retaining key employees,
    consultants and advisors of exceptional ability by providing significant opportunities
    for capital accumulation.
3.
Administration
:
    The Plan shall be administered by the Committee.  Subject to the provisions
    of the Plan, the committee shall determine, from those eligible to be Participants
    under the Plan, the persons to be granted stock options, stock appreciation
    rights and restricted stock, the amount of stock or rights to be optioned
    or granted to each such person, and the terms and conditions of any stock
    options, stock appreciation rights and restricted stock.  Subject to
    the provisions of the Plan, the Committee is authorized to interpret the Plan,
    to make, amend and rescind rules and regulations relating to the Plan and
    to make all other determinations necessary or advisable for the Plan's administration. 
    Interpretation and construction of any provision of the Plan by the Committee
    shall, unless otherwise determined by the Board of Directors of the Corporation,
    be final and conclusive.  A majority of the Committee shall constitute
    a quorum, and the acts approved by a majority of the members present at any
    meeting at which a quorum is present, or acts approved in writing by a majority
    of the Committee, shall be the acts of the Committee.
4.
Indemnification
    of Committee Members
: In addition to such other rights of indemnification
    as they may have, the members of the Committee shall be indemnified by the
    Corporation in connection with any claim, action, suit or proceeding relating
    to any action taken or failure to act under or in connection with the Plan
    or any option, stock appreciation right or restricted stock granted hereunder
    to the full extent provided for under the Corporation's Bylaws with respect
    to indemnification of directors of the Corporation.
5.
Maximum
    Number of Shares Subject to Plan
: The maximum number of shares
    with respect to which stock options or stock appreciation rights may be granted
    or which may be awarded as restricted stock under the Plan shall be 1,000,000
    shares in the aggregate of Common Stock of the Corporation.  The number
    of shares with respect to which a stock appreciation right is granted, but
    not the number of shares which the Corporation delivers or could deliver to
    a Participant upon exercise of a stock appreciation right, shall be charged
    against the aggregate number of shares remaining available under the Plan;
    provided, however, that in the case of a stock appreciation right granted
    in conjunction with a stock option under circumstances in which the exercise
    of the stock appreciation right results in termination of the stock option
    and vice versa, only the number of shares subject to the stock option shall
    be charged against the aggregate number of shares remaining available under
    the Plan.  If a stock option or stock appreciation right expires or terminates
    for any reason (other than termination as a result of the exercise of a related
    right) without having been fully exercised, or if shares of restricted stock
    are forfeited, the number of shares with respect to which the stock option
    or stock appreciation right was not exercised at the time of its expiration
    or termination, and the number of forfeited shares of restricted stock, shall
    again become available for the grant of stock options or stock appreciation
    rights, or the award of restricted stock, under the Plan, unless the Plan
    shall have been terminated.
Notwithstanding any other provision in this Plan,
    no employee, consultant or advisor of the Corporation or a Subsidiary may
    receive options, stock appreciation rights, restricted stock or any combination
    thereof for more than 200,000 shares of Common Stock of the Corporation over
    the term of the Plan, as provided in Section 25.  For purposes of this
    200,000 share per-person limitation, there shall be taken into account all
    shares covered by stock options and stock appreciation rights granted, and
    all restricted shares awarded, to an employee regardless of whether such stock
    options or stock appreciation rights expire or terminate without being fully
    exercised or whether such restricted shares are forfeited back to the Corporation.
The number of shares subject to each outstanding
    stock option, stock appreciation right or restricted stock award, the option
    price with respect to outstanding stock options, the grant value with respect
    to outstanding stock appreciation rights, the aggregate number of shares remaining
    available under the Plan and the 200,000 share per-person limitation shall
    be subject to such adjustment as the Committee, in its Discretion, deems appropriate
    to reflect such events as stock dividends, stock splits, recapitalizations,
    mergers, consolidations or reorganizations of or by the Corporation; provided,
    however, that no fractional shares shall be issued pursuant to the Plan, no
    rights may be granted under the Plan with respect to fractional shares, and
    any fractional shares resulting from such adjustments shall be eliminated
    from any outstanding stock option, stock appreciation right, or restricted
    stock award.
6.
Participants
: 
    The Committee shall determine and designate from time to time, in its Discretion,
    those key employees, consultants or advisors of the Corporation or any Subsidiary
    to receive stock options, stock appreciation rights, or restricted stock who,
    in the judgment of the Committee, are or will become responsible for the direction
    and financial success of the Corporation or any Subsidiary; provided, however,
    that Incentive Options may be granted only to persons who are key employees
    of the Corporation or a Subsidiary, and in the case of a Subsidiary only if
    (i) the Corporation owns, directly or indirectly, 50% or more of the total
    combined voting power of all classes of Stock of the Subsidiary and (ii) the
    Subsidiary is a corporation.  For the purposes of the Plan, key employees
    shall include officers and directors who are also key employees of the Corporation
    or any Subsidiary.
7.
Written
    Agreement
:  Each stock option, stock appreciation right and
    restricted stock award shall be evidenced by a written agreement (each a "Corporation-Participant
    Agreement") containing such provisions as may be approved by the Committee. 
    Each such Corporation-Participant Agreement shall constitute a binding contract
    between the Corporation and the Participant and every Participant, upon acceptance
    of such Agreement, shall be bound by the terms and restrictions of the Plan
    and of such Agreement.  The terms of each such Corporation-Participant
    Agreement shall be in accordance with the Plan, but each Agreement may include
    such additional provisions and restrictions determined by the Committee, in
    its Discretion, provided that such additional provisions and restrictions
    are not inconsistent with the terms of the Plan.
8.
Allotment
    of Shares
: The Committee shall determine and fix, in its Discretion,
    the number of shares of Common Stock with respect to which a Participant may
    be granted stock options and stock appreciation rights and the number of shares
    of restricted stock which a Participant may be awarded; provided, however,
    that no Incentive Option may be granted under the Plan to any one Participant
    which would result in the aggregate Fair Market Value, determined as of the
    date the option is granted, of underlying stock with respect to which incentive
    stock options are exercisable for the first time by such Participant during
    any calendar year under any plan maintained by the Corporation (or any parent
    or subsidiary corporation of the Corporation) exceeding $ 100,000.
9.
Stock
    Options
:  Subject to the terms of the Plan, the Committee,
    in its Discretion, may grant to Participants either Incentive Options or Nonqualified
    Options or any combination thereof.  Each option granted under the Plan
    shall designate the number of shares covered thereby, if any, with respect
    to which the option is an Incentive Option, and the number of shares covered
    thereby, if any, with respect to which the option is a Nonqualified Option.
10.
Stock Option Price
: 
    Subject to the rules set forth in this Section 10, at the time any stock option
    is granted, the Committee, in its Discretion, shall establish the price per
    share for which the shares covered by the option may be purchased.  With
    respect to an Incentive Option, such option price shall not be less than 100%
    of the fair market value of the stock on the date on which such option is
    granted; provided, however, that with respect to an Incentive Option granted
    to an employee who at the time of the grant owns (after applying the attribution
    rules of Section 424(d) of the Code) more than 10% of the total combined voting
    stock of the Corporation or of any parent or subsidiary, the option price
    shall not be less than 110% of the Fair Market Value of the stock on the date
    such option is granted.  With respect to a Nonqualified Option, the option
    price shall not be less than 50% of the Fair Market Value of the stock on
    the date upon which such option is granted.  The option price shall be
    subject to adjustment in accordance with the provisions of Section 5 of the
    Plan.
11.
Payment of Stock Option Price
: 
    To exercise in whole or in part any stock option granted hereunder, payment
    of the option price in full in cash or, with the consent of the Committee,
    in Common Stock of the Corporation or by a promissory note payable to the
    order of the Corporation in a form acceptable to the Committee, shall be made
    by the Participant for all shares so purchased.  Such payment may, with
    the consent of the Committee, also consist of a cash down payment and delivery
    of such promissory note in the amount of the unpaid exercise price. 
    In the Discretion of and subject to such conditions as may be established
    by the Committee, payment of the option price may also be made by the Corporation
    retaining from the shares to be delivered upon exercise of the stock option
    that number of shares having a Fair Market Value on the date of exercise equal
    to the option price of the number of shares with respect to which the Participant
    exercises the stock option.  Such payment may also be made in such other
    manner as the Committee determines is appropriate, in its Discretion. 
    No Participant shall have any of the rights of a shareholder of the Corporation
    under any stock option until the actual issuance of shares to said Participant,
    and prior to such issuance no adjustment shall be made for dividends, distributions
    or other rights in respect of such shares, except as may be provided in Section
    5.
12.
Stock Appreciation Rights
: 
    Subject to the terms of the Plan, the Committee may grant stock appreciation
    rights to Participants either in conjunction with, or independently of, any
    stock options granted under the Plan.  A stock appreciation right granted
    in conjunction with a stock option may be an alternative right wherein the
    exercise of the stock option terminates the stock appreciation right to the
    extent of the number of shares purchased upon exercise of the stock option
    and, correspondingly, the exercise of the stock appreciation right terminates
    the stock option to the extent of the number of shares with respect to which
    the stock appreciation right is exercised.  Alternatively, a stock appreciation
    right granted in conjunction with a stock option may be an additional right
    wherein both the stock appreciation right and the stock option may be exercised. 
    A stock appreciation right may not be granted in conjunction with an Incentive
    Option under circumstances in which the exercise of the stock appreciation
    right affects the right to exercise the Incentive Option or vice versa, unless
    the stock appreciation right, by its terms, meets all of the following requirements:
a.       the stock appreciation
    right will expire no later than the Incentive Option;
b.       the stock appreciation
    right may be for no more than the difference between the option price of the
    Incentive Option and the Fair Market Value of the shares subject to the Incentive
    Option at the time the stock appreciation right is exercised;
c.       the stock appreciation
    right is transferable only when the Incentive Option is transferable, and
    under the same conditions;
d.       the stock appreciation
    right may be exercised only when the Incentive Option is eligible to be exercised;
    and
e.       the stock appreciation
    right may be exercised only when the Fair Market Value of the shares subject
    to the Incentive Option exceeds the option price of the Incentive Option.
Upon exercise of a stock appreciation right, a Participant
    shall be entitled to receive, without payment to the Corporation (except for
    applicable withholding taxes), an amount equal to the excess of or, in the
    Discretion of the Committee if provided in the Corporation-Participant Agreement,
    a portion of the excess of (i) the then aggregate Fair Market Value of the
    number of shares with respect to which the Participant exercises the stock
    appreciation right, over (ii) the aggregate Fair Market Value of such number
    of shares at the time the stock appreciation right was granted.  This
    amount shall be payable by the Corporation, in the Discretion of the Committee,
    in cash or in shares of Common Stock of the Corporation or any combination
    thereof.
13.
Granting and Exercising of Stock
    Options and Stock Appreciation Rights
: Subject to the provisions
    of this Section 13, each stock option and stock appreciation right granted
    hereunder shall be exercisable at any such time or times or in any such installments
    as may be determined by the Committee at the time of the grant; provided,
    however, no stock option or stock appreciation right may be exercisable prior
    to the expiration of six months from the date of grant unless the Participant
    dies or becomes disabled prior thereto.  Notwithstanding anything contained
    in the Plan to the contrary, stock appreciation rights shall always be granted
    and exercised in such a manner as to conform to the provisions of rules adopted
    pursuant to the provisions of Section 16 of the Exchange Act.  In addition,
    the aggregate Fair Market Value (determined at the time the option is granted)
    of the Common Stock with respect to which Incentive Options are exercisable
    for the first time by a Participant during any calendar year shall not exceed
    $100,000.
A Participant may exercise a stock option or stock appreciation
    right, if then exercisable, in whole or in part by delivery to the Corporation
    of written notice of the exercise, in such form as the Committee may prescribe,
    accompanied, in the case of a stock option, by (i) payment for the shares
    with respect to which the stock option is exercised in accordance with Section
    11 or (ii) in the Discretion of the Committee, irrevocable instructions to
    a stock broker to promptly deliver to the Corporation full payment for the
    shares with respect to which the stock option is exercised from the proceeds
    of the stock broker's sale of or loan against the shares.  Except as
    provided in Section 17, stock options and stock appreciation rights granted
    to a Participant may be exercised only while the Participant is an employee
    of the Corporation or a Subsidiary.
Successive stock options and stock appreciation rights
    may be granted to the same Participant, whether or not the stock option(s)
    and stock appreciation right(s) previously granted to such Participant remain
    unexercised.  A Participant may exercise a stock option or a stock appreciation
    right, if then exercisable, notwithstanding that stock options and stock appreciation
    rights previously granted to such Participant remain unexercised.
The Committee in its Discretion may by giving written
    notice ("Cancellation Notice") cancel, effective upon the date of
    any corporate transaction described in Section 22 hereof, any stock option
    or stock appreciation right that remains unexercised on such date.  The
    Cancellation Notice shall be given a reasonable period of time prior to the
    proposed date of cancellation and may be given either before or after shareholder
    approval of such corporate transaction.
14.
Non-transferability of Stock
    Options and Stock Appreciation Rights
:  No stock option or
    stock appreciation right granted under the Plan to a Participant shall be
    transferable by such Participant otherwise than by will or by the laws of
    descent and distribution, and stock options and stock appreciation rights
    shall be exercisable, during the lifetime of the Participant, only by the
    Participant.
15.
Term of Stock Options and Stock
    Appreciation Rights
:  If not sooner terminated, each stock
    option and stock appreciation right granted hereunder shall expire not more
    than 10 years from the date of the granting thereof; provided, however, that
    with respect to an Incentive Option or a related stock appreciation right
    granted to a Participant who, at the time of the grant, owns (after applying
    the attribution rules of Section 424(d) of the Code) more than 10% of the
    total combined voting stock of all classes of stock of the  Corporation
    or of any parent or subsidiary, such option and stock appreciation right shall
    expire not more than five (5) years after the date of granting thereof.
16.
Continuation of Employment
: 
    The Committee may require, in its Discretion, that any Participant under the
    Plan to whom a stock option or stock appreciation right shall be granted shall
    agree in writing as a condition of the granting of such stock option or stock
    appreciation right to remain in the employ of the Corporation or a Subsidiary
    as an employee, consultant or advisor for a designed minimum period from the
    date of the granting of such stock option or stock appreciation right as shall
    be fixed by the Committee.
17.
Termination of Employment
: 
    If the employment or consultancy of a Participant by the Corporation or a
    Subsidiary shall terminate, the Committee may, in its Discretion, permit the
    exercise of stock options and stock appreciation rights granted to such Participant
    (i) for a period not to exceed three months following termination of employment
    with respect to Incentive Options or related stock appreciation rights if
    termination of employment is not due to death or permanent disability of the
    Participant, (ii) for a period not to exceed one year following termination
    of employment with respect to Incentive Options or related stock appreciation
    rights if termination of employment is due to the death or permanent disability
    of the Participant, and (iii) for a period not to extend beyond the expiration
    date with respect to Nonqualified Options or related or independently granted
    stock appreciation rights.  In no event, however, shall a stock option
    or stock appreciation right be exercisable subsequent to its expiration date
    and, furthermore, unless the Committee in its Discretion determines otherwise,
    a stock option or stock appreciation right may only be exercised after termination
    of a Participant's employment or consultancy to the extent exercisable on
    the date of such termination or to the extent exercisable as a result of the
    reason for such termination.  The period of time, if any, a Participant
    shall have to exercise stock options or stock appreciation rights upon termination
    of employment or consultancy shall be set forth in the Corporation-Participant
    Agreement, subject to extension of such time period by the Committee in its
    Discretion.
18.
Restricted Stock Awards
: 
    Subject to the terms of the Plan, the Committee may award shares of restricted
    stock to Participants.  All shares of restricted stock granted to Participants
    under the Plan shall be subject to the following terms and conditions (and
    to such other terms and conditions prescribed by the Committee):
a.       At the time of
    each award of restricted shares, there shall be established for the shares
    a restricted period, which shall be no less than six months and no greater
    than five years.  Such restricted period may differ among Participants
    and may have different expiration dates with respect to portions of shares
    covered by the same award.
b.       Shares of restricted
    stock awarded to Participants may not be sold, assigned, transferred, pledged,
    hypothecated or otherwise encumbered during the restricted period applicable
    to such shares.  Except for such restrictions on transfer, a Participant
    shall have all of the rights of a shareholder in respect of restricted shares
    awarded to him or her including, but not limited to, the right to receive
    any dividends on, and the right to vote, the shares.
c.       If the employment
    of a Participant as an employee, consultant or advisor of the Corporation
    or a Subsidiary terminates for any reason (voluntary or involuntary, and with
    or without cause) other than by death or permanent disability, all shares
    theretofore awarded to the Participant which are still subject to the restrictions
    imposed by Section 18(b) shall upon such termination of employment be forfeited
    and transferred back to the Corporation, without payment of any consideration
    by the Corporation.  In the event such employment is terminated by action
    of the Corporation or a Subsidiary without cause or by agreement between the
    Corporation or a Subsidiary and the Participant, however, the Committee may,
    in its Discretion, release some or all of the shares from the restrictions.
d.       If the employment
    of a Participant as an employee, consultant or advisor of the Corporation
    or a Subsidiary terminates by reason of death or permanent disability, the
    restrictions imposed by Section 18(b) shall lapse upon the expiration of a
    ten day period following the death or determination of permanent disability
    of a participant with respect to shares then subject to such restrictions,
    unless otherwise determined by the Committee prior to the expiration of the
    ten day period.
e.       Stock certificates
    shall be issued in respect of shares of restricted stock awarded hereunder
    and shall be registered in the name of the Participant.  Such certificates
    shall be deposited with the Corporation or its designee, together with a stock
    power endorsed in blank, and, in the Discretion of the Committee, a legend
    shall be placed upon such certificates reflecting that the shares represented
    thereby are subject to restrictions against transfer and forfeiture.
f.        At the expiration
    of the restricted period applicable to the shares, the Corporation shall deliver
    to the Participant or the legal representative of the Participant's estate
    the stock certificates deposited with it or its designee and as to which the
    restricted period has expired.  If a legend has been placed on such certificates,
    the Corporation shall cause such certificates to be reissued without any legend
    which is no longer applicable.
g.        In the case
    of events such as stock dividends, stock splits, recapitalizations, mergers,
    consolidations or reorganizations of or by the Corporation, any stock, securities
    or other property which a Participant receives or is entitled to receive by
    reason of his or her ownership of restricted shares shall, unless otherwise
    determined by the Committee, be subject to the same restrictions applicable
    to the restricted shares and shall be deposited with the Corporation or its
    designee.
19.
Investment Purpose
: 
    If the Committee in its Discretion determines that as a matter of law such
    procedure is or may be desirable, it may require a Participant, upon any acquisition
    of Common Stock hereunder (whether by reason of the exercise of stock options
    or stock appreciation rights or the award of restricted stock) and as a condition
    to the Corporation's obligation to issue or deliver certificates representing
    such shares, to execute and deliver to the Corporation a written statement,
    in form satisfactory to the Committee, representing and warranting that the
    Participant's acquisition of shares of stock shall be for such person's own
    account, for investment and not with a view to the resale or distribution
    thereof and that any subsequent offer for sale or sale of any such shares
    shall be made either pursuant to (a) a registration statement on an appropriate
    form under the Securities Act of 1933, as amended (the "Securities Act"),
    which registration statement has become effective and is current with respect
    to the shares being offered and sold, or (b) a specific exemption from the
    registration requirements of the Securities Act, but in claiming such exemption
    the Participant shall, prior to any offer for sale or sale of such shares,
    obtain a favorable written opinion from counsel for or approved by the Corporation
    as to the availability of such exemption.  The Corporation may endorse
    an appropriate legend referring to the foregoing restriction upon the certificate
    or certificates representing any shares issued or transferred to a Participant
    under the Plan.
20.
Corporation's Right of First
    Refusal
.  A Participant cannot make a valid transfer (as
    hereinafter defined) of any shares of Common Stock acquired pursuant to this
    Plan (whether by reason of the of the exercise of stock options or stock appreciation
    rights or the award of restricted stock) the other restrictions upon which
    have lapsed, or any interest in such shares, unless such transfer is made
    in compliance with the following provisions:
a.       Before there can
    be a valid transfer of any shares or any interest therein, the record holder
    of the shares to be transferred (the "Offered Shares") shall give
    written notice (by registered or certified mail) to the Corporation of the
    desire to sell the shares.  The date such notice is mailed shall be hereinafter
    referred to as the "Notice Date" and the record holder of the Offered
    Shares shall be hereinafter referred to as the "Offeror."
b.       For a period of
    ten (10) business days after the Notice Date, the Corporation shall have the
    option to purchase all (but not less than all) of the Offered Shares at their
    Fair Market Value in accordance with the terms set forth in this Section 20. 
    This right shall be exercisable by the Corporation by mailing (by registered
    or certified mail) written notice of exercise to the Offeror prior to the
    end of such ten (10) business day period.
c.       As used in this
    Section 20, the term "transfer" means any sale, encumbrance, pledge,
    or other form of disposition or transfer of shares of the Corporation's Stock
    or any legal or equitable interest therein; provided, however, that the term
    "transfer" does not include a transfer of such shares or interests
    by will or by the applicable laws of descent and distribution.
d.       Certificates of
    Stock evidencing shares of Stock shall bear an appropriate legend referring
    to the transfer restrictions imposed by this Section 20.
21.
No Rights to Continued Employment
: 
    Nothing contained in the Plan or in any stock option, stock appreciation right
    or restricted stock granted or awarded pursuant to the Plan, nor any action
    taken by the Committee hereunder, shall confer upon any Participant any right
    with respect to continuation of employment as an employee, consultant or advisor
    of the Corporation or a Subsidiary nor interfere in any way with the right
    of the Corporation or a Subsidiary to terminate such person's employment at
    any time.
22.
No Bar to Corporate Restructuring
. 
    The existence of this Plan or outstanding awards under this Plan shall not
    affect in any way the right or power of the Corporation or its stockholders
    to make or authorize any and all adjustments, recapitalization, reorganizations
    or other changes in the Corporation's capital structure or its business, or
    any merger or consolidation of the Corporation, or any issue of bonds, debentures,
    preferred or preference stocks ahead of or affecting the Stock or the rights
    thereof, or the dissolution or liquidation of the Corporation, or any sale
    or transfer of all or part of its assets or business or any other corporate
    act or proceeding, whether of a similar character or otherwise.
23.
Withholding Payments
: 
    If upon the exercise of a Nonqualified Option or stock appreciation right,
    or upon the award of restricted stock or the expiration of restrictions applicable
    to restricted stock, or upon a disqualifying disposition (within the meaning
    of Section 422 of the Code) of shares acquired upon exercise of an Incentive
    Option, there shall be payable by the Corporation or a Subsidiary any amount
    for income tax withholding, in the Committee's Discretion, either the Corporation
    shall appropriately reduce the amount of Common Stock or cash to be delivered
    or paid to the Participant or the Participant shall pay such amount to the
    Corporation or Subsidiary to reimburse it for such income tax withholding. 
    The Committee may, in its Discretion, permit Participants to satisfy such
    withholding obligations, in whole or in part, by electing to have the amount
    of Common Stock delivered or deliverable by the Corporation upon exercise
    of a stock option or stock appreciation right or upon award of restricted
    stock appropriately reduced, or by electing to tender Common Stock back to
    the Corporation subsequent to exercise of a stock option or stock appreciation
    right or award of restricted stock, to reimburse the Corporation or a Subsidiary
    for such income tax withholding (any such election being irrevocable), subject
    to such rules and regulations as the Committee may adopt, including such rules
    as it determines appropriate with respect to Participants subject to the reporting
    requirements of Section 16(a) of the Exchange Act, to effect such tax withholding
    in compliance with the Rules established by the Securities and Exchange Commission
    (the "Commission") under Section 16 of the Exchange Act and the
    positions of the staff of the Commission thereunder expressed in no-action
    letters exempting such tax withholding from liability under Section 16(b)
    of the Exchange Act.  The Committee may make such other arrangements
    with respect to income tax withholding as it shall determine.
24.
Effectiveness of Plan
:
    The Plan shall be effective on the date the Board of Directors of the Corporation
    adopts the Plan, provided that the shareholders of the Corporation approve
    the Plan within 12 months of its adoption by the Board of Directors. 
    Stock options, stock appreciation rights and restricted stock may be granted
    or awarded prior to shareholder approval of the Plan, but each such stock
    option, stock appreciation right or restricted stock grant or award shall
    be subject to shareholder approval of the Plan.  No stock option or stock
    appreciation right may be exercised prior to shareholder approval, and any
    restricted stock awarded is subject to forfeiture if such shareholder approval
    is not obtained.
25.
Termination, Duration and Amendments
    of Plan
: The Plan may be abandoned or terminated at any time by
    the Board of Directors of the Corporation.  Unless sooner terminated,
    the Plan shall terminate on the date ten years after its adoption by the Board
    of Directors, and no stock options, stock appreciation rights or restricted
    stock may be granted or awarded thereafter.  The termination of the Plan
    shall not affect the validity of any stock option, stock appreciation right
    or restricted stock outstanding on the date of termination.
For the purpose of conforming to any changes in applicable
    law or governmental regulations, or for any other lawful purpose, the Board
    of Directors shall have the right, with or without approval of the shareholders
    of the Corporation, to amend or revise the terms of the Plan at any time.
26.
Capital Readjustments/Share Allocation
    Modifications
.  The shares included in Participant awards
    granted under this Plan are shares of the Stock as constituted on the Effective
    Date of this Plan, but if, and whenever, after such Effective Date and prior
    to the earlier of the last day of the Term of this Plan or the delivery by
    the Corporation of all of the shares of Stock included in Participant awards,
    the Corporation shall effect:
a.       A change in the
    par value of its Stock;
b.       A change in the
    number of shares of Stock having par value into the same or a different number
    of shares without par value;
c.       A subdivision or
    consolidation of shares;
d.       Any other capital
    readjustment;
e.       The payment of
    a Stock dividend; or
f.        Any other
    increase or reduction of the number of shares of Stock outstanding; without
    the receipt of consideration by the Corporation, then
(1)    The Plan Administrator shall make
    concomitant adjustments in the maximum outstanding Participant awards specified
    in Section 5 as appropriate; and
(2)    In the event of no change in the
    number of shares outstanding in connection with a change in par value of the
    Stock or a change from par value to no par value, the shares resulting from
    any such change shall be deemed to be Stock under this Plan.
27.
Mergers and Consolidations
. 
    In case at any time the Corporation shall be a party to any transaction (including,
    without limitation, a merger, consolidation, sale of all or substantially
    all of the Corporation's assets, liquidation or recapitalization of the Common
    Stock) in which the previously outstanding Common Stock shall be changed into
    or exchanged for different securities of the Corporation (in a situation not
    covered under Section 5) or common stock or other securities of another corporation
    or interests in a non-corporate entity or other property (including cash)
    or any combination of the foregoing (each such transaction being herein called
    a "Transaction," and the Corporation (in the case of the recapitalization
    of the Common Stock) or such other corporation or entity (in the case of a
    merger, consolidation or such sale) being herein called the "Acquiring
    Corporation"), then as a condition of the consummation of the Transaction,
    lawful and adequate provision shall be made so that each Participant shall
    be entitled to receive, in lieu of the Shares which were awarded to such Participant
    and are still subject to the restrictions contained in Section 3.5 of this
    Plan on or prior to the consummation of the Transaction, the securities or
    other property to which each such Participant would have been entitled upon
    consummation of the Transaction if such Participant had been able to tender
    or otherwise transfer his or her shares without restriction.  Any such
    securities or other property received as contemplated by this Section 27 shall
    be held by the Corporation or its successor (or an agent designated by the
    Corporation or such successor) until the restrictions as set forth in this
    Plan shall have lapsed.
28.
Legal Impediments to Implementation
. 
    Anything in this Plan to the contrary notwithstanding, if at any time specified
    herein for the award or delivery of restricted shares to Participants, any
    law or regulations of any governmental authority having jurisdiction in the
    matter shall require either the Corporation or the Participant to take any
    action or refrain from action in connection therewith, then the award or delivery
    of such shares shall be deferred until such action shall have been taken or
    such restriction on action shall have been removed.
29.
Non-Transferability/Designation
    of Beneficiary
.
a.       Except as provided
    in subparagraph b, a Participant may not either voluntarily or involuntarily
    assign, anticipate, alienate, commute, pledge or encumber an award to which
    he or she is or may become entitled to under the Plan, nor may the same be
    subject to attachment or garnishment by any creditor of a Participant.
b.       Notwithstanding
    anything in subparagraph a to the contrary, a Participant must designate a
    person or persons to receive, in the event of his death, any right to which
    he would be entitled under the Plan.  Such designation shall be made
    in writing, and filed with the Corporation.  A beneficiary designation
    may be changed or revoked by a Participant at any time by filing a written
    statement of such change or revocation with the Corporation.  If a Participant
    fails to designate a beneficiary, then his or her estate shall be deemed to
    be his beneficiary.
30.
Awards Unfunded
. 
    The awards provided pursuant to this Plan (if any) shall be provided solely
    from the general assets of the Corporation.  No trust or other funding
    device providing for the identification or segregation of assets to fund Plan
    awards has been established, nor is it the Corporation's intention to do so. 
    Each Participant shall be a general and unsecured creditor of the Corporation
    with respect to any interest he or she may have under this Plan, provided
    that awards of Stock with respect to which certificates have been issued pursuant
    to this Plan shall be deemed the property of the Participant in whose name
    they are issued subject to the ownership and transfer restrictions described
    elsewhere.  With respect to such Stock the Corporation shall be deemed
    a custodian.
31.
Taxation of Awards
. 
    Awards under this Plan will be compensation subject to federal and state taxes.
32.
Retirement Plans and Welfare
    Benefit Plans
.  Except as otherwise specified in this Plan
    and the plan in question, awards will not be included as "compensation"
    for purposes of the Corporation's retirement plans (both qualified and non-qualified)
    or welfare benefit plans.
33.
Governing Law
. 
    The Plan shall be construed and its provisions enforced and administered in
    accordance with the laws of the State of Florida and, where applicable, federal
    law.
34.
Severability
. 
    If any provision of this Plan should be held illegal or invalid for any reason,
    such determination shall not affect the provisions of this Plan, but instead
    the Plan shall be construed as if such provisions had never been included
    herein.
35.
Headings
.  Headings
    contained in this Plan are for convenience only and shall in no event be construed
    as part of this Plan.
Exhibit 5.1
July 25, 2001
International Speedway Corporation
1801 West International Speedway Boulevard
Daytona Beach, Florida  32114
Re:
Offering of Shares Pursuant to Registration
    Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel to International Speedway Corporation,
    a Florida corporation (the "Company"), in connection with the preparation
    of the Registration Statement on Form S-8 to be filed by the Company with
    the Securities and Exchange Commission under the Securities Act of 1933, as
    amended (the "Securities Act"), on or about the date hereof 
    (the "Registration Statement")  relating to the registration
    of 1,000,000 shares of the Company's Class A Common Stock, $.01 par value
    per share (the "Shares"),  reserved for issuance from time
    to time under the Company's 1996 Long-Term Stock Incentive Plan (the
    "Plan").
In so acting, we have examined originals, or copies certified
    or otherwise identified to our satisfaction, of (a) the Amended and Restated
    Articles of Incorporation, as amended,  and Amended and Restated By-Laws
    of the Company as currently in effect, (b) the Registration Statement, (c)
    the Plan, (d) certain resolutions adopted by the Board of Directors of the
    Company, and (e) such other documents, records, certificates and other instruments
    of the Company as in our judgment are necessary or appropriate for purposes
    of this opinion.
Based on the foregoing, it is our opinion that the Shares will
    be, when issued and sold in the manner referred to in the Plan,  legally
    issued,  fully paid and non-assessable.
We hereby consent to the filing of this opinion as Exhibit 5.1
    to the Registration Statement.  In giving such consent, we do not hereby
    admit that we come within the category of persons whose consent is required
    under Section 7 of the Securities Act, or the rules or regulations of the
    Securities and Exchange Commission promulgated thereunder.
Very truly yours,
GREENBERG TRAURIG, P.A.
Exhibit 23.1
CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors
International Speedway Corporation
We consent to the incorporation by reference in the Registration
    Statement on Form S-8 pertaining to the International Speedway Corporation
    1996 Long-Term Stock Incentive Plan of our report dated January 12, 2001 with
    respect to the consolidated financial statements and schedule of International
    Speedway Corporation included in its Annual Report on Form 10-K for the fiscal
    year ended November 30, 2000,  filed with the Securities and Exchange Commission.
Ernst & Young LLP
Jacksonville, Florida
July 25, 2001