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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: YEAR ENDED DECEMBER 31, 1999
Check here if Amendment [ ]; Amendment Number: ________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
Name: PENSKE CORPORATION
Address: 13400 WEST OUTER DRIVE, DETROIT, MICHIGAN 48239
Form 13F File Number: 28-_____________
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
Name: ROBERT H. KURNICK, JR.
Title: EXECUTIVE VICE PRESIDENT
Phone: 313-592-7550
SIGNATURE, PLACE, AND DATE OF SIGNING:
DETROIT, MI
_____________________ ______________________________________ _______________
[Signature] [City, State] [Date]
REPORT TYPE (CHECK ONLY ONE.):
[X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
REPORT SUMMARY:
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
PENSKE PERFORMANCE, INC.
28-_____________ _________________________________________
[Repeat as necessary.]
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FORM 13F
SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 1
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Form 13F Information Table Value Total: $ 229,338
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(thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
1 PENSKE PERFORMANCE, INC.
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AMOUNT AND
TYPE OF SECURITY VOTING AUTHORITY
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NAME OF TITLE CUSIP VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER SOLE SHARED NONE
ISSUER OF CLASS (X1000) PRN AMOUNT PRN CALL DISCRETION MANAGERS
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
International
Speedway A 460335 20 1 $229,338 4,552,621 SH Defined 1 4,552,621
Corporation
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