Key questions and answers from the first quarter fiscal 2007 earnings call conducted by Speedway Motorsports, Inc. (TRK: chart) on May 9, 2007.

Eugene Socks (Cardinal Capital Management): Can you talk about any results or write offs from your oil operations in the first quarter?

It’s all contained in the combination of the other operating revenue and the other direct operating expense and if we look at last year, there was a $3 million income in the net of those two areas and this year there’s probably a $2 million loss. We had less results at TSI but a lot of it is on poor results from our oil and gas activity.

Eugene Socks: There were write offs in the fourth quarter of last year and in the earlier quarters. Was this a result of further write downs of receivables that you had?

It’s a combination. Probably the bulk of it is from recovery allowance.

Tom Andrews (BMO Capital Markets): How do you think about Motorsports Authentics on a quarterly basis for the balance of the year?

The first quarter for Motorsports Authentics ends in February, so it lags our quarter by one month. The strongest quarters are probably the second and third quarters although fourth is also can be the strongest of all or not depending on how successful the chase is. The weakest is the first quarter so we hope to see better results particularly in the third and fourth quarters this year.