X0202 3 2007-09-13 0 0001093273 MAGNA ENTERTAINMENT CORP MECA 0001073308 CAMPBELL ANTHONY R 1 0 0 0 Class A Subordinate Voting Stock 7500 D Class A Subordinate Voting Stock 7350 I By IRA Class A Subordinate Voting Stock 3379164 I See Footnote These shares of Class A Subordinate Voting Stock are owned by Shoshone Partners, L.P. Mulsanne Partners LP and Knott Partners Offshore Master Fund LP and Knott Partners, L.P. as well as a limited number of foreign and domestic individuals and entities (the "Managed Accounts"). The reporting person is a senior analyst of Dorset Management Corporation and a member of Knott Partners Management LLC. Dorset provides investment management services to the Managed Accounts and Knott Partners Management LLC is the sole general partner of Shoshone, Mulsanne and Knott Partners Offshore as well as the managing general partner of Knott Partners, L.P. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this repot shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose. /s/Anthony Campbell 2007-09-20