Churchill Downs Inc — Director's Dealing 2006

Feb 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2006-01-30

Reporting Person: MEEKER THOMAS H (Director, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Common Stock, no par value	M	5000	$19.25	Acquired	50884	Direct
2006-01-30	Common Stock, no par value	S	5000	$40.9686	Disposed	45884	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-30	Employee Stock Option (right to buy)	$19.25	M	5000	Disposed	2006-06-02	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	26908	Indirect

Footnotes

F1: This transaction occurred pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 20, 2005.