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<TITLE> Churchill Downs Inc. Registration Statement
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As filed with the Securities and Exchange Commission on June 22, 2004. <BR>
File No. 333-_____________</FONT></P>

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        <B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B><br>WASHINGTON, D.C. 20549<BR>FORM S-8
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>REGISTRATION STATEMENT<BR>
        UNDER THE SECURITIES ACT OF 1933</B>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
        <B>CHURCHILL DOWNS INCORPORATED</B></Font></TD>
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        <TD COLSPAN=2 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (Exact name of Registrant as specified in its charter)</Font></TD>
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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                <B>Kentucky</B></Font><HR width=100% align="right"SIZE=1 NOSHADE></TD>
         <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
                <B>61-0156015</B></Font><HR width=100% align="left"SIZE=1 NOSHADE></TD>
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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (State or other jurisdiction<BR> of incorporation or
                organization)</Font></TD>
        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (I.R.S. Employer Identification Number)</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                <B>700 Central Avenue, Louisville, Kentucky &nbsp;&nbsp;&nbsp;&nbsp; 40208</B></Font></TD>
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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (Address of principal executive offices)</Font></TD>
        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (Zip Code)</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                <B>Churchill Downs Incorporated 2000 Employee Stock Purchase Plan</B></Font></TD>
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        <TD COLSPAN=2 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (Full title of plan)</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Thomas H. Meeker</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                President and Chief Executive Officer</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Churchill Downs Incorporated</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                700 Central Avenue</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Louisville, Kentucky 40208</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (502) 636-4400</Font></TD>
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        <TD COLSPAN=2 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (Name, address and telephone number, including area code, of agent for service)</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Copy to:</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Robert A. Heath, Esq.</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Wyatt, Tarrant &amp; Combs, LLP </Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                500 W. Jefferson Street, Suite 2800</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Louisville, Kentucky 40202</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                (502) 589-5235</Font></TD>
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        <TD colspan=2 align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                <B>CALCULATION OF REGISTRATION FEE</B></Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
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        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Title of Securities</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Amount</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Proposed Maximum</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Proposed</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Amount of</Font></TD>

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        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                to be</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                to be</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                offering price</Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                maximum aggregate </Font></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                registration</Font></TD>
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        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                registered</Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                registered</Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                per share (1)</Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                offering price (1) </Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                fee (1)</Font><HR width=100% align="center"SIZE=1 NOSHADE></TD>
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        <TD WIDTH=20% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Common Stock, no par value and associated Preferred
                Share Purchase Rights(2)</Font><HR width=100% SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                100,000 shares(3) </Font><HR width=100% SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                $39.56</Font><HR width=100% SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                $3,956,000</Font><HR width=100% SIZE=1 NOSHADE></TD>
        <TD WIDTH=20% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                $501.23</Font><HR width=100% SIZE=1 NOSHADE></TD>
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        <TD COLSPAN=2 ALIGN="center"></TD>
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        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                (1)</Font></TD>
        <TD WIDTH=90% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                 Estimated  solely for the purpose of  computing  the  registration  fee  pursuant to Rule 457. The maximum
                 offering  price per share is based on the  average of the high and low sale  price of the Common  Stock as
                 reported by the Nasdaq National Market on June 16, 2004, pursuant to Rule 457(h)(1).</Font></TD>
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        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                (2)</Font></TD>
        <TD WIDTH=90% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                 The  Preferred  Share  Purchase  Rights,  prior to the  occurrence  of certain  events,  are not evidenced
                 separately from the Common Stock.</Font></TD>
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        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                (3)</Font></TD>
        <TD WIDTH=90% align="left"><FONT FACE="Times New Roman, Times, Serif"size=1>
                The Registrant also registers  hereby such  indeterminate  number of additional  shares as may be required
                to cover antidilutive adjustments under the Churchill Downs Incorporated 2000 Employee Stock Purchase Plan.</Font></TD>
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<TR VALIGN=bottom>
        <TD colspan=5 align="right"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Exhibit Index on Page 5.</Font></TD>
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        <TD COLSPAN=3 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
                1</FONT></TD>
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        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPLANATORY NOTE </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Churchill
Downs Incorporated (the &#147;Company&#148;) filed a registration statement on Form S-8 on
July 13, 2000 (Reg. No. 333-41376) (the &#147;Previous Registration Statement&#148;),
relating to the registration of shares of common stock, no par value (&#147;Common
Stock&#148;), of the Company in connection with the Churchill Downs Incorporated 2000
Employee Stock Purchase Plan. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to General Instruction E of Form S-8, this Registration Statement on Form S-8 (the
&#147;Registration Statement&#148;) registers an additional 100,000 shares of the
Company&#146;s Common Stock which may be acquired pursuant to the Churchill Downs
Incorporated 2000 Employee Stock Purchase Plan. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
contents of the Previous Registration Statement are hereby incorporated by reference
pursuant to General Instruction E of Form S-8. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II. </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8. Exhibits. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Exhibits listed on the Exhibit Index appearing on page 5 of this Registration Statement
are hereby incorporated by reference. </FONT></P>

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        <TD COLSPAN=3 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
                2</FONT></TD>
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        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The
Registrant</U>. 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 Louisville, State of
Kentucky, on the 17th day of June, 2004. </FONT></P>

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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
         <TD WIDTH=50% align="left"><FONT FACE="Times New Roman, Times, Serif" size=2>
                CHURCHILL DOWNS INCORPORATED</FONT></TD>
</TR>
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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
         <TD WIDTH=50% align="left"><FONT FACE="Times New Roman, Times, Serif" size=2>
                By:/s/ Thomas H. Meeker</FONT><HR width=80% SIZE=1 NOSHADE></TD>
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        <TD WIDTH=50% align="center"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
         <TD WIDTH=50% align="left"><FONT FACE="Times New Roman, Times, Serif" size=2>
                Thomas H. Meeker<BR>President and Chief Executive Officer</FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWERS OF ATTORNEY </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Thomas H. Meeker and Rebecca C. Reed, and each of them, as his or her true and
lawful attorney-in-fact and agent, with full power of substitution, for him or her and in
his or her name, place and stead, in any and all capacities, to sign any and all
amendments and post-effective amendments to this Registration Statement, and to file the
same with all exhibits thereto, granting unto said attorney-in-fact and agent full power
and authority to do and perform each and every act and thing requisite and necessary to be
done, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do
or cause to be done by virtue thereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons on the 17th day of June, 2004 in the capacities indicated. </FONT></P>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Carl F. Pollard</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Chairman of the Board (Director)</FONT></TD>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Carl F. Pollard</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Thomas H. Meeker</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                President and Chief Executive Officer (Director and  Principal Executive Officer)</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Thomas H. Meeker</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Michael E. Miller</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Michael E. Miller</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Charles W. Bidwill, Jr.</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Charles W. Bidwill, Jr.</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Leonard S. Coleman, Jr.</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Leonard S. Coleman, Jr.</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
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        <TD COLSPAN=3 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
                3</FONT></TD>
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</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Craig J. Duchossois</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Craig J. Duchossois</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Richard L. Duchossois</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Richard L. Duchossois</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Robert  L. Fealy
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Robert  L. Fealy
</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>

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                /s/J. David Grissom
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                J. David Grissom
</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Seth W. Hancock
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Seth W. Hancock
</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Daniel P. Harrington
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Daniel P. Harrington
</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/G. Watts Humphrey, Jr.
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                 G. Watts Humphrey, Jr.</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Susan Elizabeth Packard
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>
<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Susan Elizabeth Packard</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>

</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>

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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Dennis D. Swanson</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>
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        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                /s/Darrell R. Wells
</FONT><HR width=80% align="left"SIZE=1 NOSHADE></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Director</FONT></TD>
</TR>

<TR VALIGN=bottom>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                Darrell R. Wells</FONT></TD>
        <TD width=50% align="left"><FONT FACE="Times New Roman, Times, Serif"size=2>
                &nbsp;</FONT></TD>
</TR>
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                4</FONT></TD>
</TR>
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        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
</TR>
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<TR VALIGN=TOP>
        <TD colspan=5 align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                INDEX TO EXHIBITS</FONT></TD>
</TR>
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        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Exhibit</FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                <U>Number</U></FONT></TD>
        <TD WIDTH=75% align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <U>Description of Exhibit</U></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                <U>Page</U><BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                4(a)</FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Articles of  Incorporation of the Registrant as amended through July 18, 2003
                (incorporated  herein by reference to Exhibit 3(b) to the Registrant&#146;s  Report on Form
                  10-Q for the fiscal quarter ended June 30, 2003 (Commission File No. 0-1469)).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                4(b)</FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Amended and Restated Bylaws of the Registrant (incorporated herein by reference to
                  Exhibit 3(b) to the Registrant's Report on Form 10-K for the fiscal year ended
                  December 31, 2003, as amended on Form 10-K/A filed May 11, 2004 (Commission File No.
                  0-1469)).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                4(c)</FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Specimen Stock Certificate (incorporated herein by reference to Exhibit 4(d) to the
                  Registrant's Registration Statement on Form S-8, File No. 33-85012).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                4(d)</FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Rights Agreement dated as of March 19, 1998, between the Registrant and Fifth Third
                  Bank as Rights Agent (incorporated herein by reference to Exhibit 4.1 to the
                  Registrant's Current Report on Form 8-K filed on March 20, 1998, Exhibit 4.1 to the
                  Registrant's Registration Statement on Form 8-A/A filed June 30, 2000 and Exhibit 4.1
                  to the Registrant's Registration Statement on Form 8-A/A filed September 14, 2000
                  (Commission File No. 0-1469)).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                5 </FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Opinion and Consent of Wyatt, Tarrant &amp; Combs, LLP as to the legality of the shares
                  being registered.<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                 6&nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                23(a) </FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Consent of Wyatt, Tarrant &amp; Combs, LLP (contained in Exhibit 5).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                23(b) </FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Consent of PricewaterhouseCoopers LLP.<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                8&nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                24  </FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                Power of Attorney (precedes signatures).<BR><BR></FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
</TR>

<TR VALIGN=TOP>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=10% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                99  </FONT></TD>
        <TD WIDTH=75% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                First Amended and Restated Churchill Downs Incorporated 2000 Employee Stock Purchase
                  Plan. </FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                &nbsp;</FONT></TD>
        <TD WIDTH=5% align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                  9&nbsp;</FONT></TD>
</TR>
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                5</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
</TR>
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{"company-data": {"conformed-name": "CHURCHILL DOWNS INC", "cik": "0000020212", "assigned-sic": "7948", "irs-number": "610156015", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-116733", "film-number": "04875129"}, "business-address": {"street1": "700 CENTRAL AVE", "city": "LOUISVILLE", "state": "KY", "zip": "40208", "phone": "5026364400"}, "mail-address": {"street1": "700 CENTRAL AVENUE", "street2": "700 CENTRAL AVENUE", "city": "LOUIVILLE", "state": "KY", "zip": "40208"}}
Churchill Downs Inc. Registration Statement
As filed with the Securities and Exchange Commission on June 22, 2004.
File No. 333-_____________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CHURCHILL DOWNS INCORPORATED
(Exact name of Registrant as specified in its charter)
Kentucky
61-0156015
(State or other jurisdiction
of incorporation or
                organization)
(I.R.S. Employer Identification Number)
700 Central Avenue, Louisville, Kentucky      40208
(Address of principal executive offices)
(Zip Code)
Churchill Downs Incorporated 2000 Employee Stock Purchase Plan
(Full title of plan)
Thomas H. Meeker
President and Chief Executive Officer
Churchill Downs Incorporated
700 Central Avenue
Louisville, Kentucky 40208
(502) 636-4400
(Name, address and telephone number, including area code, of agent for service)
Copy to:
Robert A. Heath, Esq.
Wyatt, Tarrant & Combs, LLP
500 W. Jefferson Street, Suite 2800
Louisville, Kentucky 40202
(502) 589-5235
CALCULATION OF REGISTRATION FEE
Title of Securities
Amount
Proposed Maximum
Proposed
Amount of
to be
to be
offering price
maximum aggregate
registration
registered
registered
per share (1)
offering price (1)
fee (1)
Common Stock, no par value and associated Preferred
                Share Purchase Rights(2)
100,000 shares(3)
$39.56
$3,956,000
$501.23
(1)
Estimated  solely for the purpose of  computing  the  registration  fee  pursuant to Rule 457. The maximum
                 offering  price per share is based on the  average of the high and low sale  price of the Common  Stock as
                 reported by the Nasdaq National Market on June 16, 2004, pursuant to Rule 457(h)(1).
(2)
The  Preferred  Share  Purchase  Rights,  prior to the  occurrence  of certain  events,  are not evidenced
                 separately from the Common Stock.
(3)
The Registrant also registers  hereby such  indeterminate  number of additional  shares as may be required
                to cover antidilutive adjustments under the Churchill Downs Incorporated 2000 Employee Stock Purchase Plan.
Exhibit Index on Page 5.
1
EXPLANATORY NOTE
Churchill
Downs Incorporated (the "Company") filed a registration statement on Form S-8 on
July 13, 2000 (Reg. No. 333-41376) (the "Previous Registration Statement"),
relating to the registration of shares of common stock, no par value ("Common
Stock"), of the Company in connection with the Churchill Downs Incorporated 2000
Employee Stock Purchase Plan.
Pursuant
to General Instruction E of Form S-8, this Registration Statement on Form S-8 (the
"Registration Statement") registers an additional 100,000 shares of the
Company's Common Stock which may be acquired pursuant to the Churchill Downs
Incorporated 2000 Employee Stock Purchase Plan.
The
contents of the Previous Registration Statement are hereby incorporated by reference
pursuant to General Instruction E of Form S-8.
PART II.
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
The
Exhibits listed on the Exhibit Index appearing on page 5 of this Registration Statement
are hereby incorporated by reference.
2
SIGNATURES
The
Registrant
. 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 Louisville, State of
Kentucky, on the 17th day of June, 2004.
CHURCHILL DOWNS INCORPORATED
By:/s/ Thomas H. Meeker
Thomas H. Meeker
President and Chief Executive Officer
POWERS OF ATTORNEY
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Thomas H. Meeker and Rebecca C. Reed, and each of them, as his or her true and
lawful attorney-in-fact and agent, with full power of substitution, for him or her and in
his or her name, place and stead, in any and all capacities, to sign any and all
amendments and post-effective amendments to this Registration Statement, and to file the
same with all exhibits thereto, granting unto said attorney-in-fact and agent full power
and authority to do and perform each and every act and thing requisite and necessary to be
done, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do
or cause to be done by virtue thereof.
Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons on the 17th day of June, 2004 in the capacities indicated.
/s/Carl F. Pollard
Chairman of the Board (Director)
Carl F. Pollard
/s/Thomas H. Meeker
President and Chief Executive Officer (Director and  Principal Executive Officer)
Thomas H. Meeker
/s/Michael E. Miller
Chief Financial Officer (Principal Financial and Accounting Officer)
Michael E. Miller
/s/Charles W. Bidwill, Jr.
Director
Charles W. Bidwill, Jr.
/s/Leonard S. Coleman, Jr.
Director
Leonard S. Coleman, Jr.
3
/s/Craig J. Duchossois
Director
Craig J. Duchossois
/s/Richard L. Duchossois
Director
Richard L. Duchossois
/s/Robert  L. Fealy
Director
Robert  L. Fealy
/s/J. David Grissom
Director
J. David Grissom
/s/Seth W. Hancock
Director
Seth W. Hancock
/s/Daniel P. Harrington
Director
Daniel P. Harrington
/s/G. Watts Humphrey, Jr.
Director
G. Watts Humphrey, Jr.
/s/Susan Elizabeth Packard
Director
Susan Elizabeth Packard
Director
Dennis D. Swanson
/s/Darrell R. Wells
Director
Darrell R. Wells
4
INDEX TO EXHIBITS
Exhibit
Number
Description of Exhibit
Page
4(a)
Articles of  Incorporation of the Registrant as amended through July 18, 2003
                (incorporated  herein by reference to Exhibit 3(b) to the Registrant's  Report on Form
                  10-Q for the fiscal quarter ended June 30, 2003 (Commission File No. 0-1469)).
4(b)
Amended and Restated Bylaws of the Registrant (incorporated herein by reference to
                  Exhibit 3(b) to the Registrant's Report on Form 10-K for the fiscal year ended
                  December 31, 2003, as amended on Form 10-K/A filed May 11, 2004 (Commission File No.
                  0-1469)).
4(c)
Specimen Stock Certificate (incorporated herein by reference to Exhibit 4(d) to the
                  Registrant's Registration Statement on Form S-8, File No. 33-85012).
4(d)
Rights Agreement dated as of March 19, 1998, between the Registrant and Fifth Third
                  Bank as Rights Agent (incorporated herein by reference to Exhibit 4.1 to the
                  Registrant's Current Report on Form 8-K filed on March 20, 1998, Exhibit 4.1 to the
                  Registrant's Registration Statement on Form 8-A/A filed June 30, 2000 and Exhibit 4.1
                  to the Registrant's Registration Statement on Form 8-A/A filed September 14, 2000
                  (Commission File No. 0-1469)).
5
Opinion and Consent of Wyatt, Tarrant & Combs, LLP as to the legality of the shares
                  being registered.
6
23(a)
Consent of Wyatt, Tarrant & Combs, LLP (contained in Exhibit 5).
23(b)
Consent of PricewaterhouseCoopers LLP.
8
24
Power of Attorney (precedes signatures).
99
First Amended and Restated Churchill Downs Incorporated 2000 Employee Stock Purchase
                  Plan.
9
5