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<SEC-DOCUMENT>0000902664-99-000004.txt : 19990105
<SEC-HEADER>0000902664-99-000004.hdr.sgml : 19990105
ACCESSION NUMBER:		0000902664-99-000004
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990104
GROUP MEMBERS:		FARLEY CAPITAL L.P.
GROUP MEMBERS:		FARLEY CAPITAL LP
GROUP MEMBERS:		LABRADOR PARTNERS L.P.
GROUP MEMBERS:		STEPHEN L. FARLEY

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL SPEEDWAY CORP
		CENTRAL INDEX KEY:			0000051548
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-RACING, INCLUDING TRACK OPERATION [7948]
		IRS NUMBER:				590709342
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		
		SEC FILE NUMBER:	005-36579
		FILM NUMBER:		99500277

	BUSINESS ADDRESS:	
		STREET 1:		1801 W INTERNATIONAL SPEEDWAY BLVD
		CITY:			DAYTONA BEACH
		STATE:			FL
		ZIP:			32114-1243
		BUSINESS PHONE:		9042542700

	MAIL ADDRESS:	
		STREET 1:		1801 WEST INTERNATIONAL SPEEDWAY CORP
		CITY:			DAYTONA BEACH
		STATE:			FL
		ZIP:			32114-1243

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DAYTONA INTERNATIONAL SPEEDWAY CORP
		DATE OF NAME CHANGE:	19691130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANCE BILL RACING INC
		DATE OF NAME CHANGE:	19670227

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FARLEY CAPITAL LP
		CENTRAL INDEX KEY:			0001041997
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				22303425

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		655 THIRD AVE
		STREET 2:		SUITE 2520
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2125577776

	MAIL ADDRESS:	
		STREET 1:		655 THIRD AVE
		STREET 2:		SUITE 2520
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<TEXT>
     AMENDMENT NO. 3 TO SCHEDULE 13D










                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION                
                            Washington, D.C. 20549
                            ______________________

                                 SCHEDULE 13D/A3
                                 Amendment No. 3

                   Under the Securities Exchange Act of 1934

                          INTERNATIONAL SPEEDWAY CORPORATION
                                  (Name of Issuer)

                         CLASS A COMMON STOCK, $.01 PAR VALUE
                           (Title of Class of Securities)


                                  460335201
                                 (CUSIP Number)

                               STEPHEN L. FARLEY
                              FARLEY CAPITAL L.P.
                          655 THIRD AVENUE, SUITE 2520
                            NEW YORK, NEW YORK  10017
                                (212) 557-7776

                (Name, address and telephone number of person
               authorized to receive notices and communications)

                                 September 30, 1998
            (Date of event which Requires Filing of this Statement)

      If the filing person has previously filed a statement on Schedule 13D, 
and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the 
following box. [ ].

      Check the following box if a fee is being paid with the statement  [ ]. 
(A fee is not required only if the reporting person:  (1) has a previous 
statement on file reporting beneficial ownership of more than five percent of 
the class of securities described in Item 1; and (2) has filed no amendment 
subsequent thereto reporting beneficial ownership of five percent or less of 
such class.)  (See Rule 13d-7.)

      NOTE:  Six copies of this statement, including all exhibits, should be 
filed with the Commission.  See Rule 13d-1(a) for other parties to whom copies 
are to be sent.

      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.

      The information required in the remainder of this cover page shall not 
be deemed to be "filed" for purposes 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).
                                Page 1 of 6 Pages
                                      <PAGE>


13D/A2
CUSIP NO.  460335201
- ------------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON 
          S.S. OR I.R.S. IDENTIFICATION NO. 
          OF ABOVE PERSON 
                              Labrador Partners L.P.

- ------------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
                                                                    (a)  [x] 
                                                                    (b)  [ ] 
- ------------------------------------------------------------------------------
     (3)  SEC USE ONLY 
- ------------------------------------------------------------------------------
     (4)  SOURCE OF FUNDS **
                        WC
- ------------------------------------------------------------------------------
     (5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS 
          REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                        [ ] 
- ------------------------------------------------------------------------------
     (6)  CITIZENSHIP OR PLACE OF ORGANIZATION 
                              Delaware
- ------------------------------------------------------------------------------

NUMBER OF      (7)  SOLE VOTING POWER 
                                       - 0 -
SHARES         ---------------------------------------------------------------

BENEFICIALLY   (8)  SHARED VOTING POWER
                                       465,700
OWNED BY       ---------------------------------------------------------------

EACH           (9)  SOLE DISPOSITIVE POWER 
                                       - 0 -
REPORTING      ---------------------------------------------------------------

PERSON WITH    (10) SHARED DISPOSITIVE POWER 
                                       465,700
- ------------------------------------------------------------------------------
      (11)  AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON 
                                               465,700
- ------------------------------------------------------------------------------
      (12)  CHECK BOX IF THE AGGREGATE AMOUNT 
            IN ROW (11) EXCLUDES CERTAIN SHARES *                        [ ] 
- ------------------------------------------------------------------------------
      (13)  PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (11)           
                                                4.3%
- ------------------------------------------------------------------------------
          (14)  TYPE OF REPORTING PERSON*
                                                PN
- ------------------------------------------------------------------------------
                  ** SEE INSTRUCTIONS BEFORE FILLING OUT!
                                Page 2 of 6 Pages
                                       <page


13D/A2
CUSIP No.  460335201
- ------------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON 
          S.S. OR I.R.S. IDENTIFICATION NO. 
          OF ABOVE PERSON 
                              Farley Capital L.P.

- ------------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a)  [x] 
                                                                    (b)  [ ] 
- ------------------------------------------------------------------------------
     (3)  SEC USE ONLY 
- ------------------------------------------------------------------------------
     (4)  SOURCE OF FUNDS
                        00
- ------------------------------------------------------------------------------
     (5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
          REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                        [ ]
- ------------------------------------------------------------------------------
     (6)  CITIZENSHIP OR PLACE OF ORGANIZATION
                                 Delaware
- ------------------------------------------------------------------------------

NUMBER OF      (7)  SOLE VOTING POWER
                                        - 0 -
SHARES         ---------------------------------------------------------------

BENEFICIALLY   (8)  SHARED VOTING POWER
                                        41,300
OWNED BY       ---------------------------------------------------------------

EACH           (9)  SOLE DISPOSITIVE POWER
                                        - 0 -
REPORTING      ---------------------------------------------------------------

PERSON WITH    (10) SHARED DISPOSITIVE POWER
                                        41,300
- ------------------------------------------------------------------------------
      (11)  AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON 
                                        41,300
- ------------------------------------------------------------------------------
      (12)  CHECK BOX IF THE AGGREGATE AMOUNT 
            IN ROW (11) EXCLUDES CERTAIN SHARES*                         [ ]
- ------------------------------------------------------------------------------
      (13)  PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (11)           
                                         0.4%
- ------------------------------------------------------------------------------
          (14)  TYPE OF REPORTING PERSON*
                                         PN
- ------------------------------------------------------------------------------
                  ** SEE INSTRUCTIONS BEFORE FILLING OUT!
                                Page 3 of 6 Pages
                                    <page


13D/A2
CUSIP NO.  460335201
- ------------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON 
          S.S. OR I.R.S. IDENTIFICATION NO. 
          OF ABOVE PERSON 
                              Stephen L. Farley
- ------------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a)  [x]
                                                                    (b)  [ ]
- ------------------------------------------------------------------------------
     (3)  SEC USE ONLY 
- ------------------------------------------------------------------------------
     (4)  SOURCE OF FUNDS
                        AF
- ------------------------------------------------------------------------------
     (5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
          REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                        [ ]
- ------------------------------------------------------------------------------
     (6)  CITIZENSHIP OR PLACE OF ORGANIZATION 
                              United States
- ------------------------------------------------------------------------------

NUMBER OF      (7)  SOLE VOTING POWER
                                      - 0 -
SHARES         ---------------------------------------------------------------

BENEFICIALLY   (8)  SHARED VOTING POWER
                                      507,000
OWNED BY       ---------------------------------------------------------------

EACH           (9)  SOLE DISPOSITIVE POWER
                                      - 0 -
REPORTING      ---------------------------------------------------------------

PERSON WITH    (10) SHARED DISPOSITIVE POWER
                                      507,000
- ------------------------------------------------------------------------------
      (11)  AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON 
                                      507,000
- ------------------------------------------------------------------------------
      (12)  CHECK BOX IF THE AGGREGATE AMOUNT 
            IN ROW (11) EXCLUDES CERTAIN SHARES*                        [ ] 
- ------------------------------------------------------------------------------
      (13)  PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (11)           
                                        4.7%
- ------------------------------------------------------------------------------
      (14)  TYPE OF REPORTING PERSON*
                                        IN
- ------------------------------------------------------------------------------
                  ** SEE INSTRUCTIONS BEFORE FILLING OUT!
                                Page 4 of 6 Pages
                                    <page


ITEM 1.  SECURITY AND ISSUER.

          This Amendment No. 3 (the "Amendment No. 3") amends the statement on 
Schedule 13D (the "Statement"), amendment no. 1 thereto ("Amendment No. 1") 
and amendment no. 2 thereto ("Amendment No. 2") as filed with the Securities 
and Exchange Commission (the "Commission") by the Reporting Persons named 
herein on December 10, 1997, December 12, 1997 and January 29, 1998, 
respectively, relating to the Class A common stock, par value $.01 per share 
("Class A Common Stock"), of International Speedway Corporation, a Florida 
corporation (the "Issuer"), with its principal executive offices located at 
1801 West International Speedway Blvd., Daytona Beach, Florida 32114.  This 
Amendment No. 3 is filed to reflect the fact that by virtue of the Issuer 
issuing additional shares of Class A Common Stock, the Reporting Persons are 
no longer the beneficial owner of more than five percent of the Class A Common 
Stock of the issuer.

                               *       *      *

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

           Item 5 is amended to add the following:

           (a)  The following is the aggregate amount of Class A Common Stock 
that is beneficially owned by each Reporting Person:

                             Aggregate Number
                               of Shares of               Percentage of
Name                       Class A Common Stock        Class A Common Stock

Labrador Partners L.P.            465,700                      4.3%  
Farley Capital L.P.                41,300                      0.4%  


           Farley does not directly own any Class A Common Stock.  Pursuant to 
Rule 13d-3 of the Securities Exchange Act of 1934, Farley may be deemed an 
indirect beneficial owner of 507,000 shares of Class A Common Stock by virtue 
of his position as managing general partner of Labrador Partners (465,700 
shares) and Farley Capital (41,300 shares).

     In the aggregate, the Reporting Persons beneficially own a total of      
507,000 shares of Class A Common Stock, constituting 4.7% of the outstanding 
shares of Class A Common Stock of the Issuer.

           The aggregate percentage of Class A Common Stock  reported 
beneficially owned by each person herein is based upon 10,867,947 Class A 
Common Stock shares outstanding, which is the total number of Class A shares 
of Common Stock outstanding as of September 30, 1998, as reflected in the 
Issuer's quarterly report on Form 10-Q filed with the Commission for the 
quarter ended August 31, 1998 (which is the most recent Form 10-Q on file).

           (e)   The date on which the Reporting Person ceased to be the 
beneficial owner of more than five percent of the Class A Common Stock was 
September 30, 1998, upon the issuance by the Issuer of additional shares of 
Class A Common Stock.

                          *       *       *       *       *


                                 Page 5 of 6 Pages
                                     <PAGE>



                                 SIGNATURES

           After reasonable inquiry and to the best knowledge and belief of 
each of the Reporting Persons, each such person or entity certifies that the 
information set forth in this statement is true, complete and correct and 
agrees that this statement is filed on behalf of each of them.

Dated:  January 4, 1999
         -----------

                                   By:  /s/ Stephen L. Farley
                                        --------------------------------------
                                        Stephen L. Farley, individually and as
                                        managing general partner of each of
                                        Labrador Partners L.P. and Farley
                                        Capital L.P.





































                                 Page 6 of 6 Pages
                                     <PAGE>







</TEXT>

</DOCUMENT>
</SEC-DOCUMENT>
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