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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2(b).
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)(1)
INTERNATIONAL SPEEDWAY CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK, $0.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
460335 20 1
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(CUSIP Number)
JULY 26, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
(1)The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
(2)The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act, but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP NO. 460335 20 1 13G PAGE 2 OF 6 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
PENSKE CORPORATION
FEIN: 23-1717338
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
DELAWARE CORPORATION
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Number of
5 Sole Voting Power
Shares
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Beneficially 6 Shared Voting Power
4,552,621(1)
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
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Reporting 8 Shared Dispositive Power
Person With 4,552,621(1)
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
4,552,621(1)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
See Footnote (1)
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11 Percent of Class Represented by Amount in Row (9)
19.9%
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12 Type of Reporting Person (See Instructions)
HC
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(1) THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SHARES, AND
THIS REPORT SHALL NOT BE DEEMED AN ADMISSION THAT THE REPORTING PERSON IS
THE BENEFICIAL OWNER OF SUCH SECURITIES.
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ITEM 1:
(a) NAME OF ISSUER:
International Speedway Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL OFFICE:
1801 West International Speedway Boulevard
Daytona Beach, FL 32114
ITEM 2:
(a) NAME OF PERSON FILING:
The name of the person filing this statement is Penske
Corporation, a Delaware corporation.
With respect to 4,552,621 shares, Penske Corporation may be deemed
to share voting and dispositive power with Penske Performance,
Inc., a Delaware corporation, and Roger S. Penske, a United States
citizen, which have each filed a Schedule 13G. The relationship
between Penske Corporation, Inc. and such persons is described
below:
Penske Corporation, a Delaware corporation, owns directly all
of the stock of Penske Performance, Inc.
Penske Performance Inc., a Delaware corporation, is a
wholly-owned subsidiary of Penske Corporation and is the
record holder of 4,552,621 shares of Class A Common Stock,
par value $0.01 per share, of International Speedway
Corporation, that are the subject of this filing.
Roger S. Penske, a United States citizen, beneficially owns
approximately 57% of the stock of Penske Corporation.
b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of Penske Corporation
and Roger S. Penske is:
13400 West Outer Drive
Detroit, MI 48239-4001
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The address of the principal business office of Penske
Performance, Inc. is:
1100 North Market Street, Suite 780
Wilmington, DE 19801
c) CITIZENSHIP:
This portion of the Schedule 13G is completed by incorporating the
information contained in Item 4 of the copies of the second part
of the cover page which are incorporated herein by reference.
d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, $0.01 par value per share
e) CUSIP NUMBER:
460335 20 1
ITEM 3: Not Applicable
ITEM 4: OWNERSHIP:
a) AMOUNT BENEFICIALLY OWNED:
4,552,621
b) PERCENT OF CLASS:
19.9%
c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
-0-
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
4,552,621
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
-0-
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(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
4,552,621
ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable.
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
See Response to Item No. 2 for persons who may be deemed to have the
right to receive or the power to direct, the receipt of dividends from
or the proceeds from the sale of 4,552,621 shares of such securities
(and such interest relates to more than five percent of said class).
ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not Applicable.
ITEM 9: NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10: CERTIFICATIONS:
Not Applicable.
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SIGNATURE
AFTER REASONABLE INQUIRY AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, I
CERTIFY THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS TRUE, COMPLETE AND
CORRECT.
PENSKE CORPORATION
BY: /S/ ROGER S. PENSKE
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ITS: CHAIRMAN
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NOVEMBER 1, 1999
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Date
