CDI CFO to Present at Brean Murray, Carret Small Cap Institutional Investor Conference

Michael E. Miller, chief financial officer for Churchill Downs Incorporated (NASDAQ: CHDN) (“CDI”), will discuss CDI’s growth strategy and detail industry trends at the Brean Murray, Carret & Co. Small Cap Institutional Investor Conference ‘06, scheduled for Jan. 31-Feb. 1, 2006, in New York, N.Y. Miller’s presentation is scheduled for 3:30 p.m. EST on Tuesday, Jan. 31

Interested parties may access notes from the CFO’s presentation by visiting the investor relations section of the CDI Web site, www.churchilldownsincoporated.com, on Jan. 31.

Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. CDI’s six racetracks in Florida, Illinois, Indiana, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million and Louisiana Derby. CDI racetracks have hosted six Breeders’ Cup World Thoroughbred Championships. CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDI’s network of simulcasting and racing operations. CDI trades on the NASDAQ National Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.