FASIG-TIPTON KENTUCKY, INC.
                          ADENA SPRINGS ANNUAL SALE
                          11/10/05
                                                                    PAGE   1

 HIP         DESCRIPTION                        PRICE ($)
 NO.         CONSIGNED BY                       PURCHASER

201  ACTION GIRL                                25,000
 M   ADENA SPRINGS                              TERRY LOVINGER

202  ADDICTED                                   - OUT -
 M   ADENA SPRINGS

203  AL MAX DINER                               87,000
 M   ADENA SPRINGS                              DOUGLAS S ARNOLD

204  APPEALING GREELEY                          NOT SOLD
 M   ADENA SPRINGS                              (30,000)

205  ASPEN WHISPER                              40,000
 M   ADENA SPRINGS                              NEEDHAM BETZ THOROUGHBREDS INC

206  AWESOME THRILL                             NOT SOLD
 M   ADENA SPRINGS                              (32,000)

207  BABY LET'S ROLL                            - OUT -
 M   ADENA SPRINGS

208  BAND MUSIC                                 37,000
 M   ADENA SPRINGS                              LIBERTY FARM, AGENT

209  BECHARMED                                  NOT SOLD
 M   ADENA SPRINGS                              (30,000)

210  BEGUILED                                   35,000
 M   ADENA SPRINGS                              NATHAN FOX

211  BERLIN BLUES                               NOT SOLD
 M   ADENA SPRINGS                              (37,000)

212  BLUE SPRINGS                               - OUT -
 M   ADENA SPRINGS

213  BOLD KISS                                  40,000
 M   ADENA SPRINGS                              TERRY LOVINGER

214  BRIDE IN THE WINGS                         - OUT -
 M   ADENA SPRINGS

215  CANDOR                                     80,000
 M   ADENA SPRINGS                              MCMAHON BLOODSTOCK LLC, AGENT

216  CATALITA                                   25,000
 M   ADENA SPRINGS                              THORNMAR

217  CHERRY FLAMBE                              - OUT -
 M   ADENA SPRINGS

218  CHRIS'S THUNDER                            85,000
 M   ADENA SPRINGS                              WESTWIND FARM

219  DEVILETTA                                  41,000
 M   ADENA SPRINGS                              TONY BOWLING

220  DREAM AFFAIR                               NOT SOLD
 M   ADENA SPRINGS                              (9,000)

221  ENNUI                                      150,000
 M   ADENA SPRINGS                              EDMOND A HUDON

222  ESCUTCHEON                                 NOT SOLD
 M   ADENA SPRINGS                              (22,000)

223  FABULOUS BRUSH                             NOT SOLD
 M   ADENA SPRINGS                              (245,000)

224  FASHION ISLAND                             51,000
 M   ADENA SPRINGS                              BERNARD MCCORMACK

225  FIGHTING SHOT                              NOT SOLD
 M   ADENA SPRINGS                              (23,000)

226  FIGHTING ZONE                              32,000
 M   ADENA SPRINGS                              LIBERATION & BRANDYWINE FARMS

227  FIRE HOT                                   19,000
 M   ADENA SPRINGS                              JOHN HOLDERMAN

228  FLEET JUSTICE                              47,000
 M   ADENA SPRINGS                              TONY BOWLING

229  FRAGRANTLY                                 NOT SOLD
 M   ADENA SPRINGS                              (14,000)

230  GOLD BUTTON                                14,000
 M   ADENA SPRINGS                              HIDDEN BROOK FARM, AGENT

231  GOLDEN TOAST                               15,000
 M   ADENA SPRINGS                              TONY BOWLING

232  GOLD LURE                                  42,000
 M   ADENA SPRINGS                              TONY BOWLING

233  GOTTA TEMPER                               - OUT -
 M   ADENA SPRINGS

234  GUD AFTANOON                               - OUT -
 M   ADENA SPRINGS

235  GUESS                                      100,000
 M   ADENA SPRINGS                              MARSHALL SILVERMAN, AGENT

236  GYPSY EYES                                 25,000
 M   ADENA SPRINGS                              CORBETT FARM

237  HOLY LIGHTNING                             80,000
 M   ADENA SPRINGS                              PARAGON FARMS LLC

238  IDA TREAT                                  16,000
 M   ADENA SPRINGS                              GEORGE PRUETTE

239  JADE EYED                                  - OUT -
 M   ADENA SPRINGS

240  JUST TOUCHING                              NOT SOLD
 M   ADENA SPRINGS                              (19,000)

241  LA REINE VICTORIA                          35,000
 M   ADENA SPRINGS                              WEST COAST VENTURES

242  LARRY'S BLACKHONEY                         - OUT -
 M   ADENA SPRINGS

243  LAST SUPPER                                - OUT -
 M   ADENA SPRINGS

244  LETEM TALK                                 35,000
 M   ADENA SPRINGS                              LIBERTY FARM, LLC, AGENT

245  LIT A FIRE                                 40,000
 M   ADENA SPRINGS                              TONY BOWLING

246  LUCK ABOUNDS                               30,000
 M   ADENA SPRINGS                              JOHN HILLIER

247  MARY'S SILVER PEN                          17,000
 M   ADENA SPRINGS                              TONY BOWLING

248  MAYBE FOR SURE                             15,000
 M   ADENA SPRINGS                              NANCY WORTH MITCHELL

249  MEADOW MELODY                              - OUT -
 M   ADENA SPRINGS

250  M G ON TAP                                 18,000
 M   ADENA SPRINGS                              MILLENNIUM FARM KENTUCKY

251  MISS PLAYBILL                              25,000
 M   ADENA SPRINGS                              DELIGHT HANOVER

252  MISS WITCHY                                20,000
 M   ADENA SPRINGS                              GEM RACING INC

253  MOLLY'S GONE                               27,000
 M   ADENA SPRINGS                              TERRY LOVINGER

254  MONTANA CARMELLA                           55,000
 M   ADENA SPRINGS                              R H BREEDING LLC

255  MY CHANEL                                  - OUT -
 M   ADENA SPRINGS

256  MY DEAR ABBY                               35,000
 M   ADENA SPRINGS                              FRED YUTANI

257  MYSTERY BAY                                25,000
 M   ADENA SPRINGS                              TONY BOWLING

258  NANIE'S DINNER                             32,000
 M   ADENA SPRINGS                              TONY BOWLING

259  NATURAL GLOW                               15,000
 M   ADENA SPRINGS                              TONY BOWLING

260  NAUGHTY MAMBO                              - OUT -
 M   ADENA SPRINGS

261  NAUGHTY N HAUGHTY                          15,000
 M   ADENA SPRINGS                              CENTRAL VALLEY RANCHES

262  NEON BRIGHT                                18,000
 M   ADENA SPRINGS                              DALENE KNIGHT

263  NEWSONTHERUN                               - OUT -
 M   ADENA SPRINGS

264  OH PLEASE LOUISE                           60,000
 M   ADENA SPRINGS                              GILBERT C CAMPBELL

265  OOGALAH                                    - OUT -
 M   ADENA SPRINGS

266  PRETENTIOUS                                20,000
 M   ADENA SPRINGS                              R H BREEDING LLC

267  RACHEL'S EDITION                           34,000
 M   ADENA SPRINGS                              TERRY LOVINGER

268  REIGN OF TARA                              - OUT -
 M   ADENA SPRINGS

269  SARATOGA'S MARK                            62,000
 M   ADENA SPRINGS                              GILBERT C CAMPBELL

270  SEATTLE SASHAY                             - OUT -
 M   ADENA SPRINGS

271  SKIP LIGHTLY                               75,000
 M   ADENA SPRINGS                              JAMES & JANEANE EVERATT

272  STAGE CLEARANCE                            21,000
 M   ADENA SPRINGS                              ROBERT ANDERSON

273  STARS GAMES                                30,000
 M   ADENA SPRINGS                              LIBERTY FARM, LLC, AGENT

274  STAY                                       32,000
 M   ADENA SPRINGS                              NICOLE ZITANI/OUR FARM

275  STILL AWESOME                              20,000
 M   ADENA SPRINGS                              MIACOMET FARM LTD

276  SUGG WALKER                                - OUT -
 M   ADENA SPRINGS

277  SUMMER DREAM                               20,000
 M   ADENA SPRINGS                              TONY BOWLING

278  SWIFT ESCAPE                               12,000
 M   ADENA SPRINGS                              REBECCA FARMS INC

279  TOUCH BUTTON                               10,000
 M   ADENA SPRINGS                              DAVID BUTLER/ORMONDE FARM

280  UPSIDE                                     - OUT -
 M   ADENA SPRINGS

281  VELVET TOUCH                               - OUT -
 M   ADENA SPRINGS

282  VICTORY FLAG                               15,000
 M   ADENA SPRINGS                              DR JERRY R ADKINS

283  WELCOME SONG                               15,000
 M   ADENA SPRINGS                              GRANTON BLOODSTOCK

284  WILD ANZILLE                               NOT SOLD
 M   ADENA SPRINGS                              (150,000)

285  WILD FASHION                               175,000
 M   ADENA SPRINGS                              MIKE ABRAHAM

286  WINK N' A DRINK                            15,000
 M   ADENA SPRINGS                              BALLYCAPPLE FARM

287  WINLOC'S PILGRIM                           NOT SOLD
 M   ADENA SPRINGS                              (14,000)

288  WORTHY OF SILVER                           47,000
 M   ADENA SPRINGS                              THORNMAR





            11/10/05

              HEAD                         NOT
      DATE    SOLD       AMOUNT  AVERAGE  SOLD    MEDIAN

    11/10/05    56    2,206,000   39,393    12    31,000

Fasig-Tipton Company, Inc., 2400 Newtown Pike, Lexington, KY 40511 Phone: 859-255-1555 Fax: 859-254-0794