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<SEC-DOCUMENT>0000020212-04-000038.txt : 20041110
<SEC-HEADER>0000020212-04-000038.hdr.sgml : 20041110
<ACCEPTANCE-DATETIME>20041110081727
ACCESSION NUMBER:		0000020212-04-000038
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041109
FILED AS OF DATE:		20041110
DATE AS OF CHANGE:		20041110
EFFECTIVENESS DATE:		20041110

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:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01469
		FILM NUMBER:		041131392

	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>NT 10-Q
<SEQUENCE>1
<FILENAME>f12b110904.htm
<DESCRIPTION>FORM 12B-25 DATED 11/9/04
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 12b-25 Notification of Late Filing</TITLE>
</HEAD>
<BODY>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR> SECURITIES AND
EXCHANGE COMMISSION <BR>Washington, D.C. 20549 <BR><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 12b-25</FONT><BR>
NOTIFICATION OF LATE FILING </FONT></H1>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SEC File Number: 0-1469<BR>CUSIP
Number:_______ </FONT></P>

<P ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<I>(Check one):</I> <img src="ballot.jpg"> Form 10-K&nbsp;&nbsp;<img src="ballot.jpg">Form 20-F&nbsp;&nbsp;<img src="ballot.jpg">Form 11-K
&nbsp;&nbsp;<img src="ballotx.jpg">Form 10-Q&nbsp;&nbsp;<img src="ballot.jpg">Form N-SAR&nbsp;&nbsp;<img src="ballot.jpg">Form N_CSR
<BR>For Period Ended:   September 30, 2004
<BR>
[  ] Transition Report on Form 10-K<BR>
[  ] Transition Report on Form 20-F<BR>
[  ] Transition Report on Form 11-K<BR>
[  ] Transition Report on Form 10-Q<BR>
[  ] Transition Report on Form N-SAR<BR>
[  ] For the Transition Period Ended: __________<BR></font></p>
        <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0>
<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Read Instructions (on back page) Before Preparing Form.  Please Print or Type.</I><BR>
<B>Nothing in this form shall be construed to imply that the Commission has verified any information contained
herein.</B><BR>
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the
notification relates:  Not applicable.<BR><BR><BR></font></td></TR></TABLE>

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<TR VALIGN=TOP>
        <TD ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR></TABLE>


 <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0>
<TR ALIGN="Left">
<td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        <B>PART I --- REGISTRANT INFORMATION<BR><BR></B></font></td></TR>
</TABLE>
 <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0>
<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Churchill Downs Incorporated</font></td></TR></TABLE>
 <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0>

<TR VALIGN=TOP>
        <TD COLSPAN=1 ALIGN="center"><HR SIZE=1 NOSHADE> </TD>
</TR></TABLE>
 <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 border=0>


<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Full Name of Registrant<BR><BR></font></td></TR>
<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

Not applicable<BR></FONT></td></TR>

<TR VALIGN=TOP>
        <TD COLSPAN=1 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR>


<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Former Name if Applicable<BR><BR></font></td></TR>
<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>700 Central Avenue<BR></FONT></td></TR>
<TR VALIGN=TOP>
        <TD COLSPAN=1 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR>


<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Address of Principal Executive Office <I>(Street and Number)</I><BR><BR>

Louisville, Kentucky  40208<BR></FONT></td></TR>

<TR VALIGN=TOP>
        <TD COLSPAN=1 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR>

<TR ALIGN="Left">
        <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
City, State and Zip Code  <BR><BR></FONT></td> </TR></TABLE>
<p align=left><FONT FACE="Times New Roman, Times, Serif" size=2>
<B>PART II-- RULES 12b-25(b) AND (c)</B><BR>
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief
pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)  <img src="ballotx.jpg"><BR><BR>

(a) The reason described in reasonable detail in Part III of this form could not be eliminated without
unreasonable effort or expense<BR>
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form
N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof, will
be filed on or before the fifth calendar day following the prescribed due date; and<BR>
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.<BR><BR>

<B>PART III-- NARRATIVE</B><BR>
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or
portion thereof, could not be filed within the prescribed time period.<BR>
(Attach extra Sheets if Needed)  See attached sheet.<BR></FONT></p>
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               Page 1</FONT></TD>
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<P ALIGN="Left"> <FONT FACE="Times New Roman, Times, Serif" size=2>
<B>PART IV-- OTHER INFORMATION</B><BR>
(1) Name and telephone number of person to contact in regard to this notification<BR></FONT></P>
 <TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=TOP>
        <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>Michael E. Miller</font></td>
      <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>502</font></td>
      <TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>636-4400</FONT></td></TR>
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR>
<TR VALIGN=TOP>
        <TD width=33% ALIGN="LEFT" ><FONT FACE="Times New Roman, Times, Serif" size=2>(Name)</font></td>
      <TD width=32% ALIGN="LEFT" ><FONT FACE="Times New Roman, Times, Serif" size=2>(Area Code)</font></td>
      <TD width=35% ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>(Telephone Number)</FONT></td></TR>
</TABLE>

<p ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed ? If answer is no, identify report(s).  <img src="ballotx.jpg"> Yes
<img src="ballot.jpg"> No</font></P>
 <TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=TOP>
        <TD COLSPAN=3 ALIGN="center"><HR SIZE=1 NOSHADE></TD>
</TR></TABLE>

<p ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>(3) Is it anticipated that any significant change in results of operations from the corresponding period for the
last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?<BR>
<img src="ballot.jpg">  Yes                    <img src="ballotx.jpg"> No</font></P>
<p ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable estimate of the results cannot be made.<BR><BR>
<U>&nbsp;&nbsp;&nbsp;  Churchill Downs Incorporated                &nbsp;&nbsp;&nbsp;</U><BR>
(Name of Registrant as Specified in Charter)<BR><BR>

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.<BR>
Date <U>November 10, 2004 </U> By<U> /s/ Michael E. Miller</U><BR>
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized
representative. The name and title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an
executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed
with the form.</font></P>

<p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=3>    <B>ATTENTION</B></font></P>
<p ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>
<b>Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).</b><BR>
<b>GENERAL INSTRUCTIONS</b><BR>
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules and Regulations under the
Securities Exchange Act of 1934.<BR>
2. One signed original and four conformed copies of this form and amendments thereto must be completed and filed
with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with the form will be made a matter of
public record in the Commission files.<BR>
3. A manually signed copy of the form and amendments thereto shall be filed with each national securities
exchange on which any class of securities of the registrant is registered.<BR>
4. Amendments to the notifications must also be filed on Form 12b-25 but need not restate information that has
been correctly furnished. The form shall be clearly identified as an amended notification.<BR>
5. <U>Electronic Filers:</U> This form shall not be used by electronic filers unable to timely file a report solely due
to electronic difficulties. Filers unable to submit reports within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T (&sect;232.201 or &sect;232.202 of
this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (&sect;232.13(b) of
this chapter).<BR></font></P>
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               Page 2</FONT></TD>
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</TR>
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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" size=2>
                           Attached Sheet to Form 12b-25 of Churchill Downs Incorporated <BR> <BR><BR></font></P>


<P ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" size=2><B>Response to PART III-- NARRATIVE</B><BR><BR>

The Form 10-Q of Churchill Downs  Incorporated  (the "Company") for the quarter ended September 30, 2004, could not
be filed on a timely basis because the Company is reconsidering its accounting for purse overpayments.

</font></P>
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               Page 3</FONT></TD>
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        <TD COLSPAN=3 ALIGN="center"><HR SIZE=5 NOSHADE></TD>
</TR>
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