SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CHAMPIONSHIP AUTO RACING TEAMS, INC.
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(Name of Issuer)
COMMON STOCK $0.01 PAR VALUE
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(Title of Class of Securities)
158711101
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(CUSIP Number)
MARCH 16, 2000
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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:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. 158711101
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1 NAME OF REPORTING PERSON: Bank of America Corporation
IRS IDENTIFICATION NO. OF ABOVE PERSON: 560906609
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2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[](b)[]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5 Sole Voting Power: 0
6 Shared Voting Power: 0
7 Sole Dispositive Power: 0
8 Shared Dispositive Power: 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
REPORTING PERSON: 0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:
0% (corrected filing)
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12 TYPE OF REPORTING PERSON: HC
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ITEM 1 (a) NAME OF ISSUER:
Championship Auto Racing Teams, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
755 West Big Beaver Rd., Suite 800
Troy, MI 48084
ITEM 2 (a) NAME OF PERSON FILING:
Bank of America Corporation
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
100 North Tryon Street
Charlotte, NC 28255
(c) CITIZENSHIP:
United States
(d) TITLE OF CLASS OF SECURITIES:
COMMON STOCK, par value $0.01 per share
(e) CUSIP NUMBER: 095811105
ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b)
OR 13d-2(b)OR (c), CHECK WHETHER THE PERSON FILING IS A:
(g) [x] A parent holding company or control person in accordance
with(S)240.13d-1(b)(1)(ii)(G)
ITEM 4 - OWNERSHIP
Not Applicable.
ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: X
ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable.
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ITEM 7 - IDENTIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP:
Not Applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10 - CERTIFICATION.
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
DATED: March 16, 2000
Bank of America Corporation
BY: /s/ PETER J. BROWN
Peter J. Brown
Vice President
Corporate Compliance
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