Cover story by Alan Porter and Anne Peters

Inbreeding in Review

Sire Market: Sires on the Bubble, by Anne Peters
Leading third season sires by sales averages

Who's Hot: Still in the Slammer, by Anne Peters
Stakes leader stalked by A.P. Indy and Storm Cat

Close Encounters: Exciting Escapade, by Alan Porter
New filly star as Storm Bird/Nijinsky II combo

Terrible Twos: Million Dollar Babies, by Matt O'Neil
How to justify the seven figure price tags

Stakes Winners

Across the Pond: European Classic Preview 2004, by Nigel Pullen
Bago is highweighted colt, Attraction top filly

Broodmares of Note: Still Feeling Spritely, by Avalyn Hunter
Spritely Walker is dam's fifth stakes winner

Porter on Pedigrees: Under $10,000 in 2004, by Alan Porter
Some bargain basement deals in the sire ranks