SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): JULY 24, 2001

CHURCHILL DOWNS INCORPORATED
(Exact name of registrant as specified in its charter)

Kentucky
(State or other jurisdiction of incorporation or organization) 0-1469
Commission file number 61-0156015
(IRS Employer Identification
No.)

700 Central Avenue, Louisville, KY 40208
Address of principal executive offices)
(Zip Code)

(502) 636-4400
(Registrant's telephone number, including area code)

NOT APPLICABLE
(Former name or former address, if changed since last report)

1

CHURCHILL DOWNS INCORPORATED

I N D E X

ITEM 1-4.	Not Applicable
ITEM 5.	OTHER EVENTS
	Copy of press release is set forth in Exhibit 99 to this filing and incorporated herein by reference
ITEM 6.	Not Applicable
ITEM 7.	Financial Statements and Exhibits
	(a)   Financial statements of business acquired
	Not Applicable
	(b)   Pro forma financial information
	Not Applicable
	(c)  Exhibits
	- Exhibit 99   Press Release dated July 24, 2001
ITEM 8-9.	Not Applicable

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CHURCHILL DOWNS INCORPORATED
July 25, 2001	/s/Robert L. Decker
	Robert L. Decker
	Executive Vice President and Chief Financial Officer
	(Principal Accounting Officer)
July 25, 2001	/s/Michael E. Miller
	Michael E. Miller
	Senior Vice President, Finance
	(Principal Accounting Officer)