-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 I+OnJu+yDY9CYiJ3DkLRCYeMXnw6XNMD9Vfm8ICBhhACZW8SDrVt/UkEILBk/UzX
 FVqCN8K2I8Jez3ow8YQMVA==

<SEC-DOCUMENT>0000020212-04-000035.txt : 20041101
<SEC-HEADER>0000020212-04-000035.hdr.sgml : 20041101
<ACCEPTANCE-DATETIME>20041101134916
ACCESSION NUMBER:		0000020212-04-000035
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041026
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
FILED AS OF DATE:		20041101
DATE AS OF CHANGE:		20041101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHURCHILL DOWNS INC
		CENTRAL INDEX KEY:			0000020212
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-RACING, INCLUDING TRACK OPERATION [7948]
		IRS NUMBER:				610156015
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01469
		FILM NUMBER:		041109196

	BUSINESS ADDRESS:	
		STREET 1:		700 CENTRAL AVE
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40208
		BUSINESS PHONE:		5026364400

	MAIL ADDRESS:	
		STREET 1:		700 CENTRAL AVENUE
		STREET 2:		700 CENTRAL AVENUE
		CITY:			LOUIVILLE
		STATE:			KY
		ZIP:			40208
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k102604.htm
<DESCRIPTION>DEPARTURE OF DIRECTOR
<TEXT>
<HTML>
<HEAD>
<TITLE>8-K October 26, 2004</TITLE>
</HEAD>
<BODY>
<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K <BR><BR>
CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>SECURITIES EXCHANGE
ACT OF 1934 <BR><BR>Date of Report (Date of earliest event reported): October 26, 2004 </FONT></H1>



<p align=center> <IMG SRC="smalllogo.gif"> </P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=100%>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of registrant as specified in its charter)<BR><BR></FONT></TD></TR>

</table>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 5-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN="Top" ALIGN="Center">
        <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Kentucky</U><BR>
        (State or other jurisdiction of <BR>incorporation or organization)</FONT></TD>
        <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>0-1469</U><BR>(Commission File Number)</FONT></TD>
        <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>61-0156015 </U><BR>
        (IRS Employer Identification<BR> No.)<BR><BR></FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=100%>
<TR VALIGN="Top" ALIGN="Center">
<TD COLSPAN="3" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>700 Central Avenue, Louisville, Kentucky 40208 </U><BR>
         (Address of principal executive offices)<BR>
        (Zip Code)<BR><BR>
        <U>(502)-636-4400</U><BR>
        (Registrant&#146;s telephone number, including area code)<BR><BR>
        <U>Not Applicable</U><BR>
        (Former name or former address, if changed since last report) </FONT></td></TR>
</TABLE>
<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:<BR><BR>

[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>

[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>

[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR><BR>
</FONT></P>




<!-- PAGE BREAK^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^-->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0><!-- Table ##############-->
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
               Page 1</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
</TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
</TABLE>
<!-- END OF PAGE BREAK^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^-->
<P STYLE="page-break-after:always">
</P>


<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->
<H1 ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CHURCHILL DOWNS INCORPORATED<BR><BR>
        <BR><BR> </FONT></H1>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=100%>
<TR VALIGN=top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 5.02</B></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD colspan=2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers</B><BR><BR></FONT></TD></TR>
<TR VALIGN=top>
     <TD colspan=2 ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>(b)</b></FONT></TD>
     <TD colspan=2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. Dennis D. Swanson, Director of the Company since 1996, resigned on October 26, 2004.<BR><BR></FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="2"><FONT SIZE="2">SIGNATURES<BR><BR></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">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 hereunto duly authorized.<BR><BR><BR></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>CHURCHILL DOWNS INCORPORATED</B><BR><BR><BR><BR><BR></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">November 1, 2004 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Michael E. Miller</U></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Michael E. Miller<BR>
                                                    Executive Vice President and<BR>
                                                    Chief Financial Officer<BR>
                                                    (Principal Financial and Accounting Officer)</FONT></TD></TR>
</TABLE>
 <!-- PAGE BREAK^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^-->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0><!-- Table ##############-->
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>
               Page 2</FONT></TD>
</TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
</TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
<!-- BLANK LINE--><TR><TD>&nbsp;</TD></TR>
</TABLE>
<!-- END OF PAGE BREAK^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^-->
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>smalllogo.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 smalllogo.gif
M1TE&.#EAN`!Q`/<``$!`0;^_OW]_@._O[Q`0$3`P,6!@82`@(=_?W\_/SY^?
MGU!047!P<:^OK\ZZ8H^/C^[HRL&I.M[1EOOY\O/NU^;<L,FT5=;&?/?SY<6O
M1^KBO=K+B>+7H]+`;[VC+0```?___P``````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````"P`````N`!Q```(_P!!"!Q(L*#!@P@3*ES(D""$
MAA`C2IQ(L:+%BQ@/0GB8L:/'CR!#AH3`0:3)DRA3@N200*7+ES!C"I104J;-
MFS@K>N"8LZ?/GP(]U`1*M.C+G4:3*ATI=*G3IQ43(+U(@2?4JS<M-+TX8"C6
MKS`C3+7(P2K8LR<'>-AJL8-9M'`_<EC[5N+8N'@[2ECKE6*$NGD#VQ4+&*('
MP8@K0EC+EN+BPHDC&V0,>>'>RI(ES^5[D6[FSP@[>,AP=^):"J!3$V3<V'1I
MU9K7DL:,<.]KV(EM>ZYHFS9NM*,]$+8H_/#OSZQ;0Z1`^;CDQ6)W3V2^UKED
MK:Q]%W30W+I@"J))D_]&33&\<>^!%R?OVY"Z=/1Q11=_#W%S=?AYDW.>J/LV
M_JN+D2:;?PHQ1MI_<6&WWD1J98<@<,$)2&!MP=WWX%?]L<;>0O)U=^%5!H:H
M'0@41!?<AUC9I]^&":GG((I/B6:BB2,R9B*,3^UE8G(UZC<BCC#-%V%PV@48
MG%A`*J6B?LHEI."+20*EXHP>,L3:C5%*R:2/$&58998W0="A>$.2)D$'9Z:)
MIEOD@6#CD&#Z-(!`2VZI7P<#S"F0BUS&^1-X%19'FE@R>M!!FP,5.NB)?A+E
M)9-U\=EGHS^91^:B"0DZ))*4$F6G`PG5R6.G0%&W8P<*4;D6EJ3^M*0%"G'_
M9^=:>K;JTY'G&02!A+S":>M/+BHT@)BS%NL`B[^&=*!AJX;8[+.H)@L3!]%"
M=$&QC!TJK4S(4ACHI1-N6Y2HC+4D[E?.%G<NA,FMBQ9SF+K+K@?F#I``HO(N
MQ8%8YE)`DP02Y`N5H0-)`,&_^`I<5`=#H;I360HO915-$%P0<,18B<E!PAAW
M[/''((<L\L@DEVSRR2BGK/+*++?L\LLP@]4``P88\(`"M2;Y0``-!*"``C?O
MS/%5#(1P@`(-/$!`"`N`J70((13`@`(,%``U`#E?!;6Y`QW0-)@#&(VO`5#_
M>%/8(1P4``!Q0A`"`5P/M`#462MU0`@*()0WV&_7_P6U`5`E`+6P"@0`00(X
M@\!S`A`$\,``"C">P`,M(<[X`X<?W@#0`20T``,++&!``R`4#H&]>YN>0,^0
M-[!1X2#LK'G<$.S,N`*5N4U`W2#,G;9!#P"PP-X"%3XL[@/%O?,`21_>.4&1
M-_[`0`V$OC,(17^-$`5%__V0!+X7@#G9?PM$@0)_#["`U034O'0!!0D>PN@-
M6$U!`%8;/7WL4#,=\`-W8UI+NB?`@AA@:4SC'4'"!K>#2*!L!)F;`0)@@+OM
MC8#[(U$(+@8"^3V`?/.#7O\`!P*H,2`!5FO`W1C`D`>$D"!;&PC9,BB0!1"`
M>DP;R-)86+P0L`V&>EI:W/\"8#2"$/%W`B$B_`[2`!\V1'>\\^!`K&:5NY$0
MB@-Q(0D%0H`,]B]N)=S;W;A&``4LC7@)T6)!8B@0LJ$1>TM4W`NQE\,.#JX@
MSP/!&`G2Q#C:$8EV/`!"B/C#A3"P+@E8VOYF&#\(EG"#`^D?01I8P[L1`%$A
MX,@>!9(`^;WQ(&J$80BXYL:"-*"0A)1;'>?VR4F.THA1@R4@!>='/L:2(6CC
MW0!V*!"Z&61I)"3;%0$``+PE49!3A``")ZDG]E4Q!#Q42-$`=[K3"5&&(:`A
M",`W$")NT9>/)%U"[A8`"@P+<D5,WAUG<DN#I+(A1D/DTCI'Q!L:9&Y+1-_O
M#,#_`+?]L&8$*<``*``U[16@7@@DGB5;:#3A$;.8KVQC-O$8QR8>X(,'``#7
MH);'@RS-H<2T&C*3N$X[UG(@Z#NI1MX&1I*&8$XNM&=!NA?)W_WN;G,Z0!6_
M![7]:32"4",`Z?3)D&FN,:(@*"4?M:?$#\[QD1P\R-T08$L_RH\@@ANI*9V(
MR[XQ\9;Z3)@+XVA!"2S1J(`$P4%[:,P%F(4"OFN`_+:(D%`*!&VD-"9!'A#-
M)GZ-HUVK(T*NV<UTNA2K[=QJ(17BMI=*-03/:VQ'!5+,OD*S`.(LX0&J5Q#,
M#J1["3CA0>8F2/(I4"!&%65>%ZM6XA'Q:TU$H@O36I!-_PK$HH@%Y`-KN;?7
MXO$@8=.I.Y\*3(.P$03!U:KOHJK6S*JUH"WAK#I_Q[Z6/L^N`K'M50?B-E@6
M\FYDY:I'(0M+K1X1L7Z$`#)QVTV5-A:,Z*/K'ZVBQ,Y.%(>T/8!\(=H2!.Q.
MG2/-GP%:(H&B[2^``Z&`_**9U'B6KHQ[=20"KA;8`UQ,A3R]+V6AA@#R@':*
M?VL)^KZ6/\PA3L,)[AX!))"``3S`:I,5R(1#0+K[)5:B9A'L71T<T$SV$HE0
M<VX"*O@VJ<UI``7@IP%^&CP&@,Z/"H#H`N(F/'XNX(<!J%HAH[PTKST$=`QX
M@.B0*SR:`>!Q5[;R]$(79@-<^?_*+0F=E4-WY<FB4'2@"QT`)K@0!AS@H\X=
MR`!86SHA[[EJDQ5N[`[X-@.8+6:0CK2D)TWI2EM:9/9J:;TZB1#$`09YNDI`
M`*+8N,+(%;B'.VU".LGJ@F2ZQ0;II.'0<E&#D*V&#+XK`0*`0H/4CP(O-DC8
M6FL0"JSX`+GNH$"#W<@$+$";*-4>00Y`1"3?$P#X`U[:#C@TI?"Y(!`H0--Z
M9I"U(O>777N+(-<FU0[*5(<ZC+$@(4#HXAV@;GD29)X,.+V62A=T8!E=K(TM
M5^:6,"$3EB&T=X>U@\!/`?+M+FJ3?5`#&!P$$#AE2Y'[;H)4;0$&/R4G:>N4
M;V.U)9"#;2G)1_[90.M1A8.UF;"1.#6#4+OC*#6S1K3J<4?[^X<)X/E3+.[.
MZ")5;M">HKGNC6X`M%*E`BG`Q0[04O@!U"!LHX#0.8X0@!H\VTEU^5*0+.TV
M+F!.)H^@Z%P^:+ZVU&TX@S!6Y:ZK9Z>=DQ#6*_66Z#5MQQ@$`!`?;6T(\;]W
$)"``.S\_
`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
