SCHEDULE II
                            INFORMATION WITH RESPECT TO
                 TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                 SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
                                      SHARES PURCHASED     AVERAGE
                        DATE              SOLD(-)          PRICE(2)
 COMMON STOCK-CHURCHILL DOWNS INC
	    MJG ASSOCIATES, INC.
              GABELLI PERFORMANCE PARTNERSHIP
                       3/29/06            2,000            38.1945
          GAMCO ASSET MANAGEMENT INC.
                       4/20/06            3,838            38.2434
                       4/20/06            2,000            38.3897
                       4/20/06            1,000            38.2500
                       4/19/06              200-           37.5500
                       4/19/06            1,000            37.5605
                       4/18/06            1,313            36.6190
                       4/17/06            1,500            37.2600
                       4/12/06              200            37.0952
                       4/12/06            1,000-           37.1510
                       4/10/06              200            37.6200
                       4/10/06            2,000            37.7355
                       4/07/06              700            38.4000
                       4/06/06              300            38.5534
                       4/06/06            1,103            38.4000
                       4/06/06            1,169            38.7000
                       4/05/06            4,331            38.7577
                       4/04/06            1,500            38.4511
                       4/04/06            1,500            38.4511
                       4/04/06              197            38.6623
                       4/04/06              200            38.4900
                       4/03/06              115            38.2426
                       3/31/06              200            38.2880
                       3/31/06              578            38.0000
                       3/30/06              100            38.0000
                       3/30/06              300-           37.9167
                       3/29/06            1,600            38.5525
                       3/29/06            4,000-           38.3081
                       3/28/06            1,000            38.3550
                       3/28/06            1,900-           38.3031
                       3/27/06              200            38.8300
                       3/27/06              500-           38.7020
                       3/27/06            2,000-           38.5134
                       3/22/06            1,000            38.8580
                       3/20/06              500-           40.1000
                       3/17/06              500-           40.0300
                       3/16/06              500-           39.8100
                       3/15/06            3,300            39.2867
                       3/09/06            1,162            40.0792
                       3/07/06              736            40.1200
                       3/06/06              102            40.1200
                       3/06/06              300-           40.3300
                       3/03/06            2,000-           41.5220
                       2/28/06              500-           40.6000
                       2/24/06              392-           40.7371
                       2/23/06            2,608-           40.7400
           GABELLI FUNDS, LLC.
               GABELLI ASSET FUND
                       3/17/06            5,000            40.0000

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NASDAQ NATIONAL MARKET.

(2) PRICE EXCLUDES COMMISSION.

(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.