SEC Form 4

FORM 4

[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Secondary Investment Company

(Last) (First) (Middle)

Suite 102

201 West Liberty Street

(Street)

Reno, NV 89501

(City) (State) (Zip)

2. Issuer Name and Ticker
or Trading Symbol

International Speedway Corporation ISCA, ISCB

3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)

88-0308646

4. Statement for
(Month/Year)

May 2002

5. If Amendment,
Date of Original
(Month/Year)

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

Director X 10% Owner

Officer X Other

Officer/Other

Description Group Member

7. Individual or Joint/Group
Filing (Check Applicable Line)

X Individual Filing

Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	3. Transaction Code and Voluntary Code (Instr. 8) Code \| V	4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) Amount \| A/D \| Price	5. Amount of Securities Beneficially Owned at End ofMonth (Instr. 3 and 4)	6. Owner- ship Form: Direct(D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/01/2002	A (1) \|	910.0000 \| A \|	50,835.0000	I	By Remainder of France Family Group
Class B Common Stock				20,932,107.9800	I	By Remainder of France Family Group
Class B Common Stock				18,805.0200	I	By White River Investment Limited P/S

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

(over)
SEC 1474 (3-99)

Secondary Investment Company - May 2002

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conver- sion or Exercise Price of Deri- vative Security	3. Transaction Date (Month/ Day/ Year)	4. Transaction Code and Voluntary (V) Code (Instr.8) Code \| V	5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5)	6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) (DE) \| (ED)	7. Title and Amount of Underlying Securities (Instr. 3 and 4)	8. Price of Derivative Security (Instr.5)	9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4)	10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I)	11. Nature of Indirect Beneficial Ownership (Instr.4)

Explanation of Responses : If not signed by the reporting person signed pursuant to power of attorney previously filed with the commission.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.

By: Glenn R. Padgett
________________________________ 06-03-2002
** Signature of Reporting Person Date

Power of Attorney

Page 2
SEC 1474 (3-99)

Secondary Investment Company - May 2002

Form 4 (continued)

FOOTNOTE Descriptions for International Speedway Corporation ISCA, ISCB

Form 4 - May 2002

Secondary Investment Company
Suite 102
201 West Liberty Street
Reno, NV 89501

Explanation of responses:

(1) Grant of Restricted Shares pursuant to provisions of International Speedway Corporation 1996 Long-Term Incentive Plan in a transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(d).

Page 3

SECONDARY INVESTMENT CO 4