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To: Kevin Shea who wrote (111)	12/2/1998 11:31:00 PM
From: Joseph Lee	Read Replies (1) of 57584

TTE is ready to fly?! Can anyone spot any indication of this stock taking off? Respects, Joseph Lee Pereira ............................ Churchill Downs, Autotote Plan To Merge Tracknet And NASRIN(TM) Business Units Tuesday, December 1, 1998 05:13 PM LOUISVILLE, Ky., Dec. 1 /PRNewswire/ -- Churchill Downs Incorporated (Nasdaq SmallCap: CHDN) and Autotote Corporation (Amex: TTE) announced today the signing of a letter of intent to merge their Tracknet and NASRIN(TM) telecommunications business units. The announcement was made by Thomas H. Meeker, Churchill Downs' president and chief executive officer, and A. Lorne Weil, Autotote Corporation's chairman of the board, president and chief executive officer.

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