CHAMPCAR/CART: James Henderson joins CART board

DETROIT (August 14, 2000) - James Alan Henderson, formerly Chairman and Chief Executive Officer of the Cummins Engine Company, Inc., has been named to the Board of Directors of Championship Auto Racing Teams, Inc.

Henderson's appointment was announced by acting CART Chairman James Hardymon.

"We are delighted to have an individual of Jim's experience and stature joining our Board of Directors," said Hardymon, who assumed CART's chairmanship on June 16. "CART is in an excellent position to build and grow both its company and its racing. We believe Jim's presence on our Board will help us achieve our goals and take CART to the next level."

Henderson's career at Cummins Engine spanned 35 years. He retired from the Columbus, Ind., company at the end of 1999. He was named President and Chief Operating Officer in 1977 and became Cummins' President and CEO in 1994 and Chairman and CEO in 1995.

The Culver, Ind., native is active on several major Boards of Directors, in addition to CART. He serves on the board of International Paper; Rohm and Haas Company; Ryerson Tull, Inc.; and SBC Communications. He also is chairman of the Board of Trustees of The Culver (Ind.) Educational Foundation.

"The CART series has long been one of the premier racing series in the world and I have followed it closely since its inception," said Henderson. "The CART Board is working hard to attract new fans and deliver value to shareholders. I look forward to being a part of that effort."

Henderson, who served in the U.S. Navy from 1956-1961, has a bachelor's degree in Public and International Affairs from Princeton University and a Master's in Business from the Harvard Business School.

In addition to Henderson and Hardymon, who retired as Chairman of Textron Corp. in 1999, CART's Board of Directors is comprised of: Bert Roberts, Chairman of Worldcom; Fred Tucker, President of the Semiconductor Products Division of Motorola; interim CART President and CEO Bobby Rahal; and CART race team owners Gerald Forsythe; Chip Ganassi; Barry Green; Carl Haas; Bruce McCaw; U.E. "Pat" Patrick; and Derrick Walker.

Championship Auto Racing Teams, Inc. (NYSE:MPH) owns, operates and markets the FedEx Championship Series. Champions Juan Montoya, Michael Andretti and Jimmy Vasser are among the drivers who battle for the FedEx Championship Series title on oval circuits as well as temporary and permanent road courses. CART also owns and operates its top two development series, the Dayton Indy Lights Championship and the Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com.

-CART-