Winners Circle Newsletter receive reports on all of our stallions' offspring wins and stakes placings via email each week

BE FAIR (06 f. o/o Go Donna Go, by Wild Again), who was an easy winner of last year's Lake George S. (G3), which was taken off the turf and run on a sloppy Saratoga track, found herself in the winners' circle once again when she took a $42,000 Oaklawn allowance on March 4 by a neck. The filly was game and had enough left in reserve to do much more if needed in the mile and a sixteenth dirt test. Her record is now 14-4-0-1 with $

MORE AMOUR (07 f. o/o More d'Amour, by Tour d'Or) stakes his claim to victory on February 18 at Penn National when he made a move from mid-pack to take a $21,240 maiden event going 5-1/2 f. The filly was ridden out as she approached the wire and seemed to get every-thing out of the start that she needed. Her earnings now stand at $16,566. Owner/Breeder: Padua Stables.

SEE ME RUN (05 h. o/o Little Jeb, by Jeblar) zipped home a winner on February 19 at Tampa Bay Downs in a $17,000 conditions event going a mile on the turf. The horse set a solid pace from the beginning and never re-linquished the lead, finishing a length ahead of his near-est rival and achieving a new earnings tally of $79281 with a record of 21-4-4-2. Owner: Roman Hill Farm LLC. Breeder: Dr. Thomas L. Croley.

MORE AMOUR (07 f. o/o More d'Amour, by Tour d'Or) was sprinting away from her competition on February 18 in a $21,240 maiden event going 5-/2 f. The filly broke her maiden impressively by 5-1/2 lengths and, with the win, raised her earnings to $16,566. Owner/Breeder: Padua Stables.

BE FAIR (05 m. o/o Salty Tam, Salt Lake) set the pace and held her place for the majority of the race, but she couldn't keep her momentum and faded to third on January 23 in the $75,000 Pippen S. at Oaklawn Park. Her record now stands at 13-3-0-1 with earnings of $217,913. Owner: Westrock Stables LLC. Breeder: Milan Kosanovich.

AMERICAN SYMPHONY (04 m. o/o Mausie, by Mariache II) was a two length winner in a $28,000 Sunland Park allowance going a mile on the dirt. The January 8 win raised the mare's record to 16-3-2-3 with $58,012 in earnings. Owner: Barbara Chase. Breeder: Sheri Hughes & Classiebawm Farm.

RATE OF EXCHANGE (05 m. o/o Hannah's Ink, by Pentelicus) just missed the win in the $62,300 Minaret Stakes at Tampa Bay downs on January 2. The mare looked to be drawing away at the wire, but was nabbed by a neck by a fast closer on the extreme outside. The effort raises the previous stakes winner's record to 19-4-8-2 with $168,449 in earnings. Owner/Breeder: Harold L. Queen.

GREYCLIFF EXCHANGE (04 h. o/o Formidable Lady, by Silver Hawk) was a classy winner on January 3 at Fair Grounds in a $49,000 allowance event. The consistent campaigner won the mile and a sixteenth turf event by a neck and, with the win, now has a record of 31-4-9-8 with $148,609 in earnings. Owner: Diamond Racing Inc. Breeder: Brylynn Farm Inc. & Linda Capazoli.

CHOSIN RESERVOIR (06 f. o/o Jacket Required, by Black Tie Affair) made a move from mid-pack coming down the stretch on January 7 and got up in the final strides to win a $15,000 conditions test at Penn National going 6 f. The victory raises the filly's tally to 20-4-6-3 with $65,283 in earnings. Owner: Ron Rozell. Breeder: Padua Stables.

JULIET'S SPIRIT (06 f. o/o Juliet's Way, by Farma Way) was a major player on the two-year-old scene in Canada last year and she's doing a great job of holding her own in the States this year. Most recently the multiple stakes winner took second at Fair Grounds in the $60,000 Esplande S. going 5-1/2 f. on the turf. The effort raises her record to 10-4-1-1 with earnings of $301,399. Owner/Breeder: Padua Stables.

LADY ALEXANDER (06 f. o/o Lady Ironwood, by Housebuster) was second by a neck in the $70,500 Gar-land of Roses H. at Aqueduct on December 5. The filly had previously won the Mongo Queen and Honey Bee H. this year and, with this newest effort, raised her record to 10-4-2-2 with an impressive earnings tally of $157,758. Owner: Blue Star Stable. Breeder: Millard Winterrowd.

EXTREME DREAM (07 c. o/o Eye Appeal, by Cat Thief) ran like a dream on December 8 when he won a Philadelphia Park maiden event with extreme ease, tak-ing the 7 f. test by 6 lengths going away. The colt is the first homebred winner for Vintage Thoroughbreds LLC and, with the winning effort, now has a record of 2-1-0-0 with $19,260. Owner: Vintage Thoroughbreds LLC. Breeder: David Charlton.

LITTLE EVA M (06 f. o/o Hannah's Ink, by Pentelicus) sprinted her way to another win on November 27 when she zipped home to a  of a length win in a $15,000 allowance event going 5-1/2 f. The filly now has a record of 10-2-2-0 with earnings of $24,523.

MONETARY EXCHANGE (06 g. o/o Doubtless, by Grand Slam) was an easy winner on November 29 at Calder when he took at 7 f. maiden event on the dirt by 3-1/2 lengths. The gelding has never finished off the board and, with the win, he now has a record of 4-1-1-2 with $9,620 in earnings. Owner: Bruce Tallisman. Breeder: Padua Stables.

FORMAL EXCHANGE (06 f. o/o Formal Lace, by Formal Dinner) was the post time favorite and lived up to the billing, taking a $15,000 Penn National sprint by 2 lengths on November 13. The colt's effort in the 6 f. race raised his record to 12-4-1-2 with $56,262 in earnings. Owner: Thomas McClay & Donald Brown, Jr. Breeder: Lynne Boutte & Baker Brooks.

Keeneland and FT November Highlights - Week 2

Hip	Horse	Consigner	Buyer	Price
911	ER/Miss Delta Dawn	Catnip Lane Farm	Surfside Stable	$160,000
1065	Truly Quiet ift ER	Blanford Stud, agent	Alastar TB Company	$190,000
1254	ER/Interruption	Sally Thomas, agent	Luis de Hechavarria	$40,000
1460	ER/Twilights Prayer	Three Chimneys, agent	Stoney Lane Farm	$45,000
1470	ER/Wancha Back	Catherine White & Oz	Janeen Oliver, agent	$62,000
1765	ER/Pure Glitter	Sally Thomas, agent	Green Lantern Stables	$80,000
1988	ER/Dyna Two	Royal Oak Farm, agent	Sugar Hill Farm	$80,000
2050	ER/Silver N Satin	Royal Oak Farm, agent	Michael Sucher	$40,000

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) nosed out her closest rival for a win on November 12 at Churchill Downs in a $56,000 allowance going 5 f. on the dirt. The filly led every step of the way and held on in deep stretch and denied the win to her rival. Her record now stands at 21-9-5-3 with $342,850. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

LITTLE EVA M (06 f. o/o Sister Soup, by Alphabet Soup) was the leader from the beginning, but had some-thing left to hold off all challengers and pulled clear in the stretch to win a $15,200 maiden event by a length at Charles Town on November 11. The victory raises her record to 9-1-2-0 with $15,583 in earnings. Owner: Wendy Uhacz. Breeder: Don Mattox & Pam Mattox.

Keeneland and FT November Highlights - Week 1

Hip	Horse	Consigner	Buyer	Price
661	Waquoit's Love	Three Chimneys	Sparksview Farm	$260,000

LADY ALEXANDER (06 f. o/o Lady Ironwood, by Housebuster) was third on November 1 in the $66,950 Poker Night S. at Aqueduct going 7 f. The filly rated off the pace and made her move turning for home, but tired in late stretch. The effort raises this previous stakes win-ner's record to 8-3-1-2 with $107,658 in earnings. Owner: Blue Star Stable. Breeder: Millard Winterrowd.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle), who was a multiple stakes winner over the summer, banked second place money at Keeneland on October 16 in the $116,700 Buffalo Trace Frankllin County S. going 5-1/2 f. The effort raised this seasoned campaigner's re-cord to 20-8-5-3 with $308,675. Owner: David A. Ross. Breeder: Vegso Racing Stable Inc.

FORMAL EXCHANGE (06 f. o/o Formal Lace, by Formal Dinner) was a 3/4 of a length winner on October 16 at Penn National in a $14,000 conditions event going 5-1/2 f. on the dirt. The filly was never far back, but got roll-ing as they rounded the turn and was up in the final strides to win. Her record is now 10-3-0-2 with $44,262 in earnings. Owner: Thomas G. McClay & Donald R. Brown Jr. Breeder: Lynne Boutte & Baker Brooks.

BECKY'S EXCHANGE (06 f. o/o Expect Becky, by Valid Expectations) notched another win, this time at Philadelphia Park in a $70,900 allowance going a mile on the turf. The filly had an extremely rough trip, but was easily good enough to overcome it to win by 2 lengths going away. The win raises her record to 9-3-0-0 and her earnings to $98,780. Owner: Patricia Generazio. Breeder: Joseph Barbazon & Helen Barbazon.

DRESSED TO WIN (04 m. o/o Jacket Required, by Black Tie Affair) was the post time favorite and showed why, winning a $14,000 event at the Meadowlands on October 5. The mare was the leader every step of the way and finished 2-1/4 lengths ahead of her nearest rival as they crossed the wire. The win brings her record to 25-3-4-5 with $95,778 in earnings. Owner: Michael Dubb, High Grade Racing Stables, & Joscelyn Robert. Breeder: Padua Stables.

SEMINOLE BRAVE (04 g. o/o Yamasee, by Apalachee) was third best on September 27 at Hastings Racecourse when he finished within two lengths of the winner of the $55.564 Derby Bar and Grill Express S. The gelding, who has won or placed in several west-coast stakes this year in Canada, now has a record of 18-6-3-4 with $129,192 in earnings. Owner: Fran Snow & G & G Stable. Breeder: Rol Bea Thoroughbred Racing LLC.

Pound Foolish (06 g. o/o Kobella Bean, by Mecke) turned in a game effort at Calder on September 26 in a $26,000 allowance going a mile and a sixteenth when he swung 3 wide and ran down the leader to win by a half of a length. The victory brings his record to 21-3-4-4 with $82,534 in earnings. Owner: Jacqueline Tortora. Breeder: Emanuel Tortora & Jacqueline Tortora.

CENTAVA (07 f. o/o Cattlewash, by Forest Wildcat) showed that she is definitely one to watch after winning a $24,500 maiden special at Louisiana Downs by 9 lengths on October 1. The filly was making her career debut and was on or near the lead until taking off in the turn and leaving her foes in her dust. Her earnings start out at $14,700 with the win. Owner: Robert E. Hibbert, II & H. B. Johnson, Jr. Breeder: Millard Winterrowd.

FLOWER EXCHANGE (07 f. o/o Rose of Galway, by Irish River) made a statement in loosing her maiden status when she cruised home at Woodbine by 9-1/2 lengths on September 17. The filly was going 5 f. in the $29,008 event and, with the win, now has a record of 4-1-0-1 with $19,736 in earnings. Owner: David Hanna & Shane Tripp. Breeder: Hannahill Farm, Inc.

Keeneland September Highlights ­ Week 2
Hip	Dam	Consigner	Buyer	Price
1364	Assets On Ice	Nursery Place	Eisaman Equine	$90,000
1846	Dinner Pardner	BG Tbd. Services	Jason Hall	$80,000
2566	Twining and Dining	Susan M. Forrester	McMahon Bldstk.	$80,000
3032	Blinding Element	Eaton Sales	Kenneth McPeak	$65,000

Exchange Rate's 7th 2YO winner is FLOWER EX-CHANGE (07 f. o/o Rose of Galway, by Irish River) was dominating in her maiden-breaking win on September 17, taking a Woodbine maiden contest valued at $30,889 by 9-1/2 lengths!!! The filly raced mid-pack, but closed steadily and won under a hand ride. Her record is now 4-1-0-1 with $20,735 in earnings. Owner: David Hanna and Shane Tripp. Breeder: Hannahill Farm, Inc.

PENNY SENSE (06 f. o/o Daringly, by Tactical Ad-vantage) was always in command in a $21,080 maiden special at Prairie Meadows on September 15 and left her rivals in her dust turning for home. The filly won the 6 f. race by 7-1/4 lengths without ever giving her all. The win brings her record to 4-1-1-0 with $ 17,000 in earnings. Owner: River Ridge Ranch. Breeder: J. F. Webb.

Hip	Dam	Consigner	Buyer	Price
701	Hasty Appeal	Summerfield	Mike Dye/Praz Rcg.	$150,000
794	Passionate Bird	Woods Edge Farm	Cheyenne Stables	$575,000
971	Blabby B.	Blanford Stud	Pegasus Holdings	$150,000

Exchanging Kisses (05 g. o/o Kissin' Jeb, by Jeblar) placed in the $100,000 Sea O' Erin H. at Arlington Park on September 7 going a mile on the turf. The gelding was a length behind the winner to finish in second and the effort raised his record to 17-6-4-2 with $149,252 in earnings. Owner: Frank C. Calabrese. Breeder: Dr. Tho-mas L. Croley.

BEREBA (03 m. o/o Missy Waki, by Miswaki) was t he top half of an Exchange Rate exacta on September 5 at Calder when she took a $34,000 turf sprint going 5 f. The stakes-winning filly now has a lifetime record of 37-6-9-5 with earnings of $240,943. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

LOVELY VANESSA (06 f. o/o Sweet Vanessa, by Meadowlake) is now two for two after easily taking a Delaware Park non winners of two event valued at $23,327. The 1-1/2 length win brings this undefeated filly's earnings to $25,800. Owner: Gabe Grossberg. Breeder: Jeanne H. Cutrona & Jerry M. Cutrona Sr.

MISS DELITE (07 f. o/o BT Delite, by Cahill Road) didn't waste any time showing the world her talent when she took the $100,000 Catcharisingstar S. to notch her first career stakes win. The filly was 2-1/4 lengths ahead at the wire in the Calder contest and now boasts a record of 4-3-1-0 and $116,400. Owner: Brenda Tabraue. Breeder: Jorge Tabraue.

JULIET'S SPIRIT (06 f. o/o Juliet's Way, by Farma Way) was the talk of Woodbine last year after becoming a solid undefeated multiple stakes winning two-year-old in 2008. The filly is back this year and regaining her form, as she finished third in the $110,000 Victory Ride S. (G3) at Saratoga on August 29. The filly now has a sizable earnings tally of $289,399 with a record of 8-4-0-1. Owner/Breeder: Padua Stables.

EXE (06 f. o/o Exaggerate, by Cat Thief) turned in a solid third place effort at Monmouth Park on August 29 in the $70,000 Miss Woodford S. going 6 f. The filly was only 1-1/4 lengths behind at the wire and was gaining over the sloppy track. The effort brings the 2009 stakes winner's record to 13-3-2-4 with $185,220 in earnings. Owner: James A. Riccio. Breeder: Padua Stables.

QUANTIFIER (05 f. o/o Taunting, by Stay The Course) was going for his first win on August 31 and got the job done at Philadelphia Park in a $22,000 maiden event going 7 f. on the main track. The filly was off to a slow start early, but gritted out a win by a head to bring her record to 13-1-3-1 with earnings of $42,570. Owner: Timothy J. Shaw. Breeder: Padua Stables.

SEE ME RUN (05 c. o/o Little Jeb, by Jeblar) was well ridden early and was saved for the stretch drive, winning a $22,700 event at Delaware Park by 2-1/4 lengths on August 26 going a mile on the turf. The colt held sway late in the stretch and, with the effort, brought his record to 16-3-3-2 with $64,969 in earnings. Owner: Roman Hill Farm LLC. Breeder: Dr. Thomas L. Croley.

RATE OF EXCHANGE (05 f. o/o Hannah's Ink, by Pentelicus) was fully extended and seemed to get a good workout in a $34,000 allowance at Calder on August 20. The filly took the 6 f. event by 2 lengths after winning her first stakes race last time out. The win brings her record to 14-4-5-1 with $136,189 in earnings. OwnerL Desper-ado Stables, LLC, Gabriel Duignan, & Ben McElroy. Breeder: Red Sunset Farm.

GIANYSBEE (06 f. o/o Yira, by Miner's Mark) was a winner by 2-1/2 lengths at Calder in a $10,000 conditions race going 5-1/2 f. on August 14. The filly has won 3 races in 6 lifetime starts and has earnings of $13,545. Owner: Blue Top Holding Stables. Breeder: Jorge Tabraue.

COPY ME (07 f. o/o With Precision, by Saint Ballado) was a runaway winner at Delaware Park in a $20,000 maiden event on August 12 going 5 f. The filly dueled through the opening quarter with the eventual third place finisher, then kicked clear to win by 2-3/4 in the stretch. The filly has one win from two starts and earnings of $12,350. Owner: William Don Bennett. Breeder: Wiley Davis.

LOVELY VANESSA (06 f. o/o Sweet Vanessa, by Meadowlake) dug in for the win on August 11 in a $22,000 maiden event going 5 f. on the dirt. The filly was a first time starter and really showed guts and determination with the debut win. Her earnings start at $13,200. Owner: Gabe Grossberg. Breeder: Jeanne H. Cutrona & Jerry M. Cutrona, Sr.

BE FAIR (06 f. o/o Go Donna Go, by Wild Again) stated her case loud and clear when she won the $142,500 Lake George S. (G2) at Saratoga on July 31. The filly is a mudder, as her 4 length win came in the first time the historic race had ever been taken off of the turf and run over a sloppy track. The win raises her record to 8-3-0-0 with $194, 071 in earnings. Owner; Westrock Stables. Breeder: Milan Kosanovich.

LADY ALEXANDER (06 f. o/o Lady Ironwood, by Housebuster) was a 2-3/4 length winner of the $60,000 Mongo Queen S. at Monmouth Park on August 1. The filly, who was third earlier this year in the Crank It Up S., now has a record of 6-3-1-1 and earnings of $97,300. Owner: Rosemarie Kesselring. Breeder: Millard Winterrowd.

PRIVATE EXCHANGE (05 c. o/o I'll Bedazzled, by Helmsman) kicked clear at the top of the stretch and never looked back when he won a $14,000 conditions race at Presque Isle Downs going 5-1/2 f. over the all weather track on August 5. The win brings his record to 6-3-0-1 with earnings of $40,000. Owner: Richard Beattie, Jr & Holly Ride. Breeder: Padua Stables.

KRISTY N CHANGE (07 f. o/o Kristy Dale, by Robyn Dancer) is a maiden no more, after winning a $17,000 maiden event going 6 f. on the dirt. The filly was 2-1/4 lengths ahead of her competition at the wire, giving her one win in 4 lifetime starts. Her earnings are now at $17,320. Owner: Colleen S. Stable & Jim Steil. Breeder: Sienna Farms LLC.

JR'S EXCHANGE (06 c. o/o Pyrite Majesty. By Slew City Slew) won first time out at Calder in a lower level maiden event going 5-1/2 f. over the main track. The colt showed he was heads and shoulders above the rest of the field, winning by 6-1/4 with more in reserve. The win starts his earnings at $6,000. Owner/Breeder: Leslie LaLande.

BECKY'S EXCHANGE (06 f. o/o Expect Becky, by Valid Expectations) fought gamely for a win on July 25 in the $65,000 Desert Vixen S. at Monmouth Park going a mile and a sixteenth on the turf. The lightly raced filly brought her record to 2 wins in 6 starts and her earnings to $55,710 with the win. Owner: Patricia A. Generazio. Breeder: Joseph Barbazon & Helen Barbazon.

EXE (06 f. o/o Exaggerate, by Cat Thief) was making a $42,000 allowance-level start at Monmouth Park on July 30 in a 5 f. sprint and came home a length and a half winner. The victory brings her record to 12-3-2-3 with $176,820 in earnings. Owner: James A. Riccio. Breeder: Padua Stables.

EXCHANGING KISSES (05 g. o/o Kissin' Jeb, by Jeblar) notched her sixth career win when she scored a length victory in a $34,777 allowance at Arlington Park going a mile on the turf on July 25. The win brings the profitable gelding's record to 16-6-3-2 with $129,852 in earnings. Owner: Frank C. Calabrese. Breeder: Dr. Thomas L. Croley.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) made it two stakes victories in two months when she took the win in the $60,000 Klassy Briefcase S. at Monmouth Park on July 19. The filly zipped home in near-track record time even after bobbling at the start, and was 3/4 of a length ahead at the wire. The win brings her record to 18-8-4-3 with $282,835 in earnings. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

Encanto Park (05 f. o/o Sovietica, by Soviet Star) won a Philadelphia Park allowance valued at $44,000 and going a mile on the turf on July 20. The half length win brings her record to 19-3-1-4 with earnings of $112,110. Owner: Carliwood Farms. Breeder: Cashel Stud Inc. & Tom Zwiester.

DRESSED TO WIN (04 m. o/o Jacket Required, by Black Tie Affair) powered home to a 4-1/2 length win at Belmont Park on July 18 in a $22,000 conditions test going 7 f. on the turf. The victory brings her record to 22-2-4-3 with $80,654 in earnings. Owner: Michael Dubb, High Grade Racing Stables & Robert Joscelyn.

SUNNY EXCHANGE (06 g. o/o Sunny Prospect, by Sunny North) ran past the leader to take a $19,000 Delaware Park conditions race going 6 f. on the dirt. The win was by 2-1/4 and brings his record to 5-2-2-0 with earnings of $38,000. Owner: Roman Hill Farm LLC. Breeder: Dr. Thomas Croley.

Fasig-Tipton July Yearling Sale Results

Dam	Consignor	Buyer	Price
Exaggerate, c	Beth Bayer, agent	Divine Assetts	$105,000
Bucett, c	Thoroughstock, agent	Occidental TBs	$44,000

YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre) is now Grade 2 stakes-placed after a runner-up effort in the $200,000 Carry Back S. (G2) at Calder's Summit of Speed. The colt, a multiple stakes winner, now has a record of 9-4-3-2 with $287,900. Owner: Kramer Stables LLC. Breeder: Elbert Paul & Opal Eileen Paul.

Miss Delite (07 f. o/o Prizes, by Prized) is now a stakes performer after finishing second on July 11 in the $68,500 J. J.'s Dream S. at Calder during the Summit of Speed. The effort was the filly's first loss and brings her record to 3-2-1-0 and her earnings to $56,400. Owner: Brenda Tabraue. Breeder: Jorge Tabraue.

Pound Foolish (06 g. o/o Kobella Bean, by Mecke) is stakes placed after a second place effort at Calder in the $50,000 American Dreamer S., part of Calder's Summit of Speed day. The filly was 1/2 length behind the winner and with the effort, has a record of 18-2-4-4- with $63,434 in earnings. Owner: Jacqueline Tortora. Breeder: Emanuel Tortora& Jacqueline Tortora.

CHOSIN RESERVOIR (06 f. o/o Jacket Required, by Black Tie Affair) won a $23,000 conditions race at Penn National going 6 f. o n the dirt on July 15. The win brings her record to 11-2-3-3 with $33,263 in earnings. Owner: Premier Stables Unlimited. Breeder: Padua Stables.

PRIVATE EXCHANGE (05 c. o/o I'll Bedazzled, by Helmsman) was a clear-cut winner at Presque Isle Downs on July 12 going 5-1/2 f. in a $13,970 conditions event on the all weather track. The 5-1/2 length win brings his record to 4-2-0-0 with $30,000 in earnings. Owner: Richard L. Beattie, Jr. & Holly Rice. Breeder: Padua Stbales.

RATE OF EXCHANGE (05 f. o/o Hannah's Ink, by Pentelicus) became a stakes winner on July 5 when she was the 2-1/2 length winner of the $55,000 Connie Ann S. at Calder going 5 f. on the dirt. The win was less than 2 seconds off of the track record and was the top half of the Exchange Rate exacta in that race. Her record is now 13-3-5-1 with $114,189 in earnings. Owner: Desperado Stables Inc. Gabriel Duignan. Breeder: Red Sunset Stables.

BEREBA (03 m. o/o Missy Waki, by Miswaki) completed the exacta when she finished second in the $55,000 Connie Ann S. at Calder on July 5. She was 2-1/4 lengths behind the winner, but was clearly the best of the rest. The effort brings her record to 35-5-9-4 with $215,343 in earnings. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

Bout (07 g. o/o Bodacious Red, by Victory Gallop) was up for third in his first lifetime stakes effort when he finished a length behind the winner in the $122,225 D. S. Shine Young Memorial S. for two-year-olds. The gelding indicates that Exchange Rate may have a good shot at defending his 2008 title as the Leading Sire of 2YO Stakes Winners. He has earned $25,091 and has a record of 3-1-0-1. Owner: Heiligbrodt Racing Stable. Breeder: J. Adcock & Neal McFadden.

C KARMA (06 f. o/o C B Carm, by Slick), who ran in the Breeders' Cup Juvenile Fillies Turf last year, ran second at Calder in the $55.000 Lulu's Ransom S. on June 27 going a mile on the dirt. The effort brings the filly's record to 11-3-2-2 with $200,810. Owner/Breeder: Pamela F. Edel.

Lady Alexander (06 f. o/o Lady Ironwood, by Housebuster) ran third on June 28 in the $60,000 Crank It Up S. at Monmouth Park. The effort earned her some black type ­ the first of her career ­ and brings her record to 5-2-1-1 and earnings to $61,300. Owner: Rosemarie Kesselring. Breeder: Millard Winterrowd.

SEMINOLE BRAVE (04 g. o/o Yamasee, by Apalachee), a stakes winner already in 2009, was coming off of a lackluster stakes effort last time out to cruise to a 1/2 length win in a $31,000 allowance at Hastings Park on June 27 going 6-1/2 on the dirt. The gelding's winning effort shows he's back to himself again and brings his record to 15-6-3-2 with $131,476 in earnings. Owner: Fran Snow & G & G Stable. Breeder: Rol Bea Thoroughbred Racing.

SEE ME RUN (05 c. o/o Little Jeb, by Jeblar) was a winner on June 27 at Delaware Park going 7-1/2 f. in a $21,000 race on the turf. The colt brought his record to 13-2-3-1 with $48,509. Owner: Roman Hill Farm LLC. Breeder: Dr. Thomas L. Croley.

COME FROM AWAY (05 f. o/o Soaring Wings, by Silver Hawk) won her second race lifetime on June 27 in a race valued at $26,000 at Belmont going a mile and a sixteenth. The filly stumbled at the start, but quickly recovered and wound up winning by 5 lengths with ease. She has now won $38,400 and has a record of 6-2-1-1. Owner: Roy S. Lerman. Breeder: Lambholm & Jayeff B. Stables.

YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre) is back! Last year's leading Beyer earner for 2YOs got his first stakes victory of 2009 in the $100,000 Unbridled S. going 6 f. on the dirt. The colt was put to the test, but out-dueled his opponent to win by 1/2 of a length. His record is now 8-4-2-2 and he's earned $248,300. Owner: Kramer Stables LLC. Breeder: Elbert Paul & Opal Eileen Paul.

FORMAL EXCHANGE (06 f. o/o Formal Lace, by Formal Dinner) won at Penn National on June 12 in a $23,000 conditions race going 6 f. The filly won by a length and the effort brings her record to 5-2-0-1 with $34,322. Owner: Thomas McClay and Donald L. Brown, Jr. Breeder: Lynne Boutte & Baker Brooks.

Exchange Rate's fourth stakes winner of the year is LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle), who cruised home to an easy 5-1/4 length win in the $100,000 Satin and Lace S. at Presque Isle Downs on June 6. The filly was a proven turf sprint specialist going into this race, but showed another dimension by winning so convincingly over the synthetic surface. The victory brings her record to 17-7-4-3 with $246,835 in earnings. Owner: Sienna Farm LLC & Jim Stile. Breeder: Sienna Farms LLC.

BOUT (07 g. o/o Bodacious Red, by Victory Gallop) vied for the lead from the inside, got clear around the turn and won a $21,000 trial at Evangeline Downs on June 11 going 5 f. The gelding needed little encouragement to score the 1-1/2 length win and brings his earnings to $12,797 in two starts. Owner: Heiligbrodt Racing Stable. Breeder: J. Adcock & Neal McFadden.

SISTER SOUL (06 f. o/o Sister Honor, by Honour and Glory) notched her first career win when she took a $19,000 Penn National maiden event going 5-1/2 f.. The filly was either setting or forcing the most of the race, then shook clear to win by 2-3/4 lengths. She now has a record of 4-1-1-0 with $15,000 in earnings. Owner: Endeavor Bloodstock. Breeder: Padua Stables.

LIBOR RATE (05 f. o/o Speak Up, by Unaccounted For) settled in off the rail early on, then made a move up the outside and swung three wide to rally coming down the stretch and won a $20,000 maiden event at Monmouth by 2-1/4 lengths on June 10. The victory brings the filly's bankroll to $37,340 with a record of 11-1-1-2. Owner: D J Stable LLC. Breeder: Padua Stables.

BEREBA (03 m. o/o Missy Waki, by Miswaki) finished a half of a length behind the winner on May 30 in the $55,000 Cool Air S. at Calder and was second under the wire. The filly, who won the No Winking S. last year by 7 lengths, has now earned $205,343 and has a record of 34-5-8-4. Owner: Tanourin Stable. Breeder: Richard Wilson.

Rate of Exchange (05 f. o/o Hannah's Ink, by Pentelicus) ran third on May 30 in the $55,000 Cool Air S. at Calder going 5 f. on the turf. The effort gives the filly her first taste of black type and puts her record at 11-2-5-1 with earnings of $77,689. Owner: Desperado Stables Inc. and Elite Racing. Breeder: Red Sunset Farm.

YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre) came back after a layoff to take a Calder allowance valued at $26,000 on June 4. The colt, who earned the highest Beyer for any 2YO in the country last year, won the 5-1/2 f. event by 3-3/4 lengths easily and is being pointed toward a summer stakes campaign. He now has a record of 7-3-2-2 with $188,300 in earnings. Owner: Kramer Stables LLC. Breeder: Elbert Paul & Opal Eileen Paul.

EXCHANGING KISSES (05 g. o/o Kissin' Jeb, by Jeblar) took home first prize on May 29 at Arlington Park in a $19,000 race going 7 f. The gelding led every step of the way and posted a 2-1/2 length win, bringing his record to 14-4-3-2 with $91,565. Owner: Frank Carl Calabrese. Breeder: Dr. Thomas L. Croley.

Exchange Rate's second two-year-old winner of the year is MISS DELITE (07 f. o/o B T Delite, Cahill Road) who took home first prize in a $32,000 maiden special at Calder on May 28 going 4-1/2 f. The filly chased the pace early on, but angled out in the stretch and took command, winning by 2-1/2 at the wire. The filly was making her first lifetime start and pocketed $18,200 for her effort. Owner: Brenda Tabraue. Breeder: Jorge Tabraue.

ELIXIR (05 g. o/o North To South, by Northern Flagship) was shuffled back early on, but moved wide and reached the front of the pack with a furlong to go to draw away to a 2-1/4 length win in a $28,000 test going 6 f. at Monmouth Park on May 22. The victory brings ELIXIR's record to 10-2-4-0 with $71,785 in earnings. Owner: Vincent S. Scuderi. Breeder: Jim Esposito & Sonia Esposito.

BECKY'S EXCHANGE (06 f. o/o Expect Becky, by Valid Expectations) prompted the pace from just outside the leaders, then closed thee gap and wore down her rivals to win a $20,000 maiden event on May 28 at Belmont going 6 f. The victory is the first on 4 lifetime starts for the filly, bringing her earnings to $15,540. Owner: Patricia A. Generazio. Breeder: Joseph Barbazon & Helen Barbazon.

CHOSIN RESERVOIR (06 f. o/o Jacket Required, by Black Tie Affair) tracked the pace off the rail, then made a move inside one of her foes to gain the advantage and edge clear to win by 1-3/4 lengths at Calder in a maiden event going 6 f. on May 25. The win brings her record to 8-1-2-3 with $14,513 in earnings. Owner: Track Ho Farms, LLC. Breeder: Padua Stables.

AMERICAN SIGNATURE (05 g. o/o Colonial Slippers, by Pleasant Colony) won a $20,100 conditions race at Woodbine going 6 f. over the all-weather surface on May 20. The gelding was the favorite in the full field of 12 and was 2 lengths the best. He now has a record of 16-3-1-1 with $89,441 in earnings. Owner: Audre Cappuccitti. Breeder: Mark Pfeiffer & Peggy A. Pfeiffer.

EXCHANGE NOTE (06 g. o/o Open Book, by Notebook) turned some heads first time out at Woodbine in a $56,080 maiden special on May 10. The gelding cruised home to a 6-1/4 length win in nearly track record time for the 6 f. event. The win earned him a TDN Alert and starts his bankroll at $31,320. Owner: Linmac Farms. Breeder: Claude Morris.

LADY ALEXANDER (06 f. o/o Lady Ironwood, by Housebuster) won by 4-1/2 lengths at Monmouth Park on May 10 going 6 f. in a $41,000 allowance event. The win brings her record to 4-2-1-0 with $54,700 in earnings. Owner: Rosemarie Kesserlring. Breeder: Millard Winterrowd.

REGAL EXCHANGE (06 c. o/o Raspberry Affair, by Black Tie Affair) has got things figured out! He came home 11-1/4 lengths ahead of his rivals on May 10 at Calder in a $16,500 maiden race going 5-1/2 f. The colt led every step of the way and the easy win brings his record to 3-1-1-0 with $17,875 in earnings. Owner/Breeder: Padua Stables.

SEMINOLE BRAVE (04 g. o/o Yamasee, by Apalachee) earned his first career stakes win in the $50,000 George Royal S. at Hastings Park on May 2 going 6-1/2 f. on the main track. The gelding, who due to a series of minor setbacks, didn't begin racing until his 4YO year, has only been off the board twice in his 12 race career and is proving to be quite profitable. His new record is 12-5-3-2 with $103,188 in earnings. Owner: Fran Snow & G & G Stables. Breeder: Rol Bea Thoroughbred Racing LLC.

FIESTY EX (07 f. o/o Fiesty Countess, by Count the Time) was quick from the gate and held off her rivals to turn in a game victory in $48,300 maiden special at Churchill going 4-1/2 f. The performance earned the filly a TDN alert and write-up and indicates we will hear more things in the future from this powerful race filly. The win came in her first lifetime start and gives her a starting bankroll of $23,640. Owner/Breeder: Heilgbrodt Racing Stable.

Seminole Brave (04 g. o/o Yamasee, by Apalachee) won at Hastings Racecourse in a $31,100 allowance on April 18 going 6 f. on the dirt. The horse's owner has told us that he is thrilled with how Seminole Brave is training and that he is being pointed toward a stakes campaign later this spring. The 1-3/4 length victory brings his record to 11-4-3-2 with $77,889 in earnings. Owner: Fran Snow & G & G Stable. Breeder: Rol Bea Thoroughbred Racing LLC.

SUNLIT TREASURES (03 m. o/o Sally Ellis, by Mr. Greeley) rallied outside the leaders leaving the far turn and drew away to a 6-1/4 length victory at Philadelphia Park in a $17,000 maiden event on April 21. The win brings the gelding's record to 15-1-2-3 with earnings of $30,303. Owner: Frontier Stables. Breeder: Padua Stables.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) outclassed her opponents in a $67,000 allowance event at Keeneland on April 15 going 6 f. on the all-weather track. Her 1-3/4 length win brings her record to 16-6-4-3 with $186,835. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

FORMAL EXCHANGE (06 f. o/o Formal Lace, Formal Dinner) won a 6 f. maiden special valued at $27,000 on April 15 at Penn National. The win came in her third lifetime start and brings her record to 3-1-0-1 with $ 19,672. Owner: McClay, Thomas G. and Brown, & Donald L. Jr. Breeder: Lynne Boutte & Baker Brooks.

TWICE A CHARM (05 f. o/o Attack at Dawn, by Red Attack) took at $14,000 maiden race at Tampa Bay Downs going 6 f. on the dirt on April 15 by a confident 3 length margin. The filly raced off the pace, but made a move entering the stretch and won convincingly. Her bankroll is now $10,559. Owner/Breeder: Judy and Michael W. Crowe.

LA SALTY (05 f. o/o Tactical Punch, by Tactical Advantage) notched her third career win on April 4 at Will Rogers Downs going 6 f. on the dirt. The filly's neck win brings her record to 18-3-1-4 with $33,260 in earnings. Owner: Marion Davidson. Breeder: Alice Ann Farm LLC.

ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer), winner of the Edgewood Stakes at Churchill last year, ran a close second in the $75,000 Ocala S. at Gulfstream on March 8. The filly prompted the pace, racing second throughout, and was clearly the best of all but one of her rivals. She has now earned $350,898 with a record of 14-3-2-4. Owner: Zayat Stables. Breeder: Padua Stables.

POUND FOOLISH (06 g. o/o Kobella Bean, by Mecke) took home first prize in a Tampa Bay Downs $20,200 allowance on February 28 going 1-1/16 miles. The one length win brings his earnings to $44,454 with a record of 13-2-2-4. Owner: Jacqueline Tortora. Breeder: Emanuel Tortora & Jacqueline Tortora.

SLEEP TIGHT (05 f. o/o Shimmering Night, by Meadowlake) nosed out a win at Santa Anita on February 27 in a $48,000 allowance going 6-1/2 f. over the all weather surface. The filly made a bid from between rivals and held on gamely for the victory. The win brings her record to a consistent 4-3-1-0 with $54,720 in earnings. Owner: Tighten ŒEr Up Racing Stable & Paul Graham. Breeder: Padua Stables.

Sales Highlights

Hip	Sex	Buyer	Price
117	F	Alex Solis Bloodstock	$140,000

RATED FIESTY (05 f. o/o Fiesty Countess, by Count The Time), a stakes winner earlier this year in the $50,000 American Beauty S. at Oaklawn, ran second in the $50,000 Spring Fever S. at that same track on February 21. The filly brings her record to 8-4-2-1 with the effort and now has $260,811 in earnings. Owner: Heiligbrodt Racing Stable & JMJ Racing. Breeder: Heiligbrodt Racing Stable.

R BROWN SUGAR (06 f. o/o Winlocs Sistermary, by Woodman) set a new track record to notch her first stakes win in the $50,000 Darley Ocala Breeders' Sales Sprint S. The filly came home of a length in front after racing just off the pace and now boasts earnings of $90,753 with a record of 9-5-1-0. Owner: Richard N. Averill. Breeder: Harold J. Plumley.

BE FAIR (06 f. o/o Go Donna Go, by Wild Again) stalked the pace and then took command coming out of the second turn to cruise home to a 4-1/4 length win at Oaklawn in a $35,000 allowance going a mile on the dirt February 15. The filly remains undefeated in two starts and has earnings of $41,400. Thomas F. Van Meter II & Charles Kidder. Breeder: Milan Kosanovich.

SUNNY EXCHANGE (06 g. o/o Sunny Prospect, by Sunny North) won a $28,000 maiden special at Laurel on February 18 going 7 f. on the dirt. With the length win the filly now has a record of 4-1-2-0 with $26,600. Owner: Roman Hill Farm LLC. Breeder: Dr. Thomas L. Croley.

YOURMONEYSNOGOOD (03 g. o/o North to South, by Northern Flagship) notched his sixth lifetime win by 1-3/4 lengths on January 31 at Oaklawn. The gelding was going a mile and an eighth on a fast track and raised his earnings to $146,570 and record to 30-6-5-1 with the win. Owner: Michael Langford. Breeder: Grey Dawn Stables.

YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre) turned in another stakes performance on Sunshine Millions day when he ran second in the $250,000 Sunshine Millions Dash. The race went in a blazing 1:09 and, while YOU LUCKIE MANN was clearly the best of the rest of the field, he wasn't far behind the winner either. The effort brings his earnings to $171,500 with a record of 6-2-2-2. Owner: Kramer Stables LLC. Breeder: Elbert Paul & Opal Eileen Paul.

SLEEP TIGHT (05 f. o/o Shimmering Night, by Meadowlake) won a $28,400 starter allowance on January 28 at Santa Anita going a mile and a sixteenth over the all weather track. The 1-3/4 length win brings her record to 3-2-1-0 with $25,920 in earnings. Owner: Tighten 'Er Up Racing, Robert Tjosvold & Sogley Stables. Breeder: Padua Stables.

R BROWN SUGAR (06 f. o/o Winlocs Sistermary, by Woodman) won a $20,400 allowance at Tampa Bay Downs on January 27 going 5 f. on the turf. The -length win brings her earnings to $60,753 with a record of 8-4-1-0. Owner: Richard N. Averill. Breeder: Harold J. Plumley.

SERENE SPIRIT (04 m. o/o Debt Free, by Fly So Free) took home first prize on January 29 at Tampa Bay Downs in a $13,900 test for fillies and mares going 7 f. on the dirt. The -length win brings her record to 22-4-2-3 with $38,968. Owner: Michael W. Thomas. Breeder: Padua Stables.

Exchange Rate's first stakes winner for 2009 is RATED FIESTY (05 f. o/o Fiesty Countess, by Count The Time)! The filly put her head in front at the wire to win the $50,000 American Beauty S. at Oaklawn Park on January 17. The filly has proven herself to be a consistent bet time and time again and now has a record of 7-4-1-1 with $250,811 in earnings. Owner: Heiligbrodt Racing Stable & JMJ Racing Stable. Breeder: Heiligbrodt Racing Stable.

Exchange Rate's third stakes horse of 2009 is EXE (06 f. o/o Dignified Woman, by World Appeal), who became a stakes winner toward the end of her two-year-old campaign, opened the 2009 season with a third place finish in the $100,000 Sweetest Chant Stakes at Gulfstream on the turf. The effort brings the filly's record to 7-2-2-2 with earnings of $143,850. Owner: James A. Riccio. Breeder: Padua Stables.

BE FAIR (06 f. o/o Go Donna Go, by Wild Again) turned in a convincing win first time out on January 16 in a $34,000 maiden special at Oaklawn Park going 6 f. over the main track. The 3-3/4 length win starts her earnings at $20,400 and indicates there's more to come from this filly in the future. Owner: Thomas Van Meter. Breeder: Milan Kosanovich.

TADISHA (06 f. o/o Taunting, by Stay the Course) won a $24,000 race at Gulfstream on January 9 going 6-1/2 f. The 1-2/4 length win means she¹s one half of her lifetime starts and puts her bankroll at $29,122 with a record of 6-3-1-0. Owner: WSB Investments Inc. Breeder: Padua Stables.

Exchange Rate's first stakes performer of 2009 is YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre), who ran second on January 3 in the $100,000 Spectacular Bid S. going 6 f. The winner was 2/100 of a second off of the track record, but YOU LUCKIE MANN, who broke his maiden by 14-3/4 last year, was clearly the best of the rest, and was ahead of his rivals by 4-1/4 at the wire. The colt has earned $121,500 and has never been off the board, with an updated record of 5-2-1-2. Owner: Kramer Stables, LLC. Breeder: Elbert Paul & Opal Eileen Paul.

It's Gotta Be Us (06 g. o/o Chemistry, by Louis Quatorze) took home first prize in a $17,000 Fair Grounds conditions test on January 5 going 6 f. The winner was clear before the others began mounting their stretch runs and had pulled away to a widening 5 length lead at the wire. The gelding has now earned $36,680 with a current record of 7-2-0-2. Owner: Gregg Guiol & Dennis O'Neill. Breeder: Pamela D. Edel.

SLEEP TIGHT (05 f. o/o Shimmering Night, by Meadowlake) won a $17,500 maiden race over Santa Anita's all-weather track by 2-1/2 lengths on January 3 going 7 f. The win brings her earnings to $10,920 and gives her a win and a placing for her two lifetime starts. Owner: Tighten' Er Up Racing, Tjosvoid, Robert, & Sogely Stables. Breeder: Padua Stables.

EXCHANGE ARTIST (05 f. o/o One Quick Bid, by Commemorate) won a Tampa Bay Downs conditions race going 6 f. on January 3. The -length win brings the filly's record to 20-2-4-6 with $35,553 in earnings. Owner: Pecoraro Racing Stable. Breeder: Janet Erwin.

R BROWN SUGAR (06 f. o/o Winlocs Sistermary, by Woodman) has shown consistency throughout her juvenile year and didn't disappoint in her final start of 2008. The filly took a $20,200 allowance at Tampa Bay going 6 f. by  of a length on December 27. The filly now has a record of 7-3-1-0 with $47,513. Owner: Richard N. Averill. Breeder: Harold J. Plumley.

GREYCLIFF EXCHANGE (04 c. o/o Formidable Lady, by Silver Hawk) won a $20,400 Tampa Bay allowance going a mile on the turf on December 31. The horse hasn't been off the board since June and, with the  length victory, now has earnings of $92,043 with a record of 20-3-7-4. Owner: Maximum Six LLC. Breeder: Brylynn Farm Inc. & Linda Capazoli.

TRUE EXCHANGE (05 g. o/o True Rose, by Brunswick) took a $29,000 allowance at Charles Town on December 26 sprinting 4-1/2 f. The gelding cruised home to a 3 length win, bringing his record to 14-3-4-2 with $93,740 in earnings. Owner: Hubert Vester. Breeder: Anthony E. Guida.

POUND FOOLISH (06 g. o/o Kobella Bean, by Mecke) took a $22,400 maiden special at Calder on December 29. The gelding has seldom been off the board, but the  length win is his first and brings his record to 10-1-2-4 with earnings of $30,594. Owner: Jacqueline Tortora. Breeder: Emanuel Tortora & Jacqueline Tortora.

ELLIOTT'S EXCHANGE (03 m. o/o Copelan's Musique, by Copelan) stayed on or close to the lead to take a Laurel Parkl conditions race on January 1 by 5-3/4 lengths. The win brings her record to 23-7-2-1 with $147,723. Owner: Michael J. Gill. Breeder: Ennis Stables, Inc.

PHONE RATE (06 c. o/o Magical Trick, by Phone Trick) broke his maiden by 3-1/2 on December 30 at Tampa Bay Downs. The colt now has a record of 5-1-0-1 with earnings of $5,957. Owner: Michael W. Thomas. Breeder: Tara Stables & Chevaline Farms.

RAPID RATE (06 c. o/o Master Prospect, by Master Bill) won a $14,000 maiden test at Tampa Bay Downs on December 27 going 6 f. The 2-1/4 length win puts the colt's earnings at $10,072. Owner/Breeder: Chester A. Bishop.

EXCELLENT RATE (05 f. o/o Prizes, by Prized) won a $20,200 Tampa Bay Downs allowance on December 18 going 6 f. The filly hasn't finished off the board in her last seven starts and has a record of 15-4-1-3 with $53,768. Owner/Breeder: Bruce N. Tallisman.

ELLIOTT'S EXCHANGE (03 m., o/o Copelan's Musique, by Copelan), a winner at Keeneland this past April, took home first prize and turned quite a few heads at Penn National on December 11 in a conditions test. The mare cruised home 10 lengths ahead of the second place finisher, vastly outclassing her competition. Her record now stands at 22-6-2-1 with $142,023 in earnings. Owner: Michael J. Gill. Breeder: Ennis Stables, Inc.

EYEINTHESKY (06 f. o/o Skyward Bound, by Relaunch) easily bested her rivals in a November 28 $20,700 maiden event at Churchill Downs. The filly was pressured early on, but never relinquished the lead and, by the wire, had pulled away to a 5-1/4 length advantage. The filly has now earned $14,109. Owner/Breeder: Thad D. Ackel.

C KARMA (06 f. o/o C M Carm, by Slick), who was a legitimate contender in this year's Breeders' Cup Juvenile Fillies Turf, rebounded to score a 3/4 -length victory in the $60,000 Pontalba S. at the Fair Grounds this past weekend. The filly now has a record of 7-3-1-2 with $189,810 in earnings. Owner/Breeder: Pamela F. Edel.

TADISHA (06 f. o/o Taunting, by Stay the Course) chased the pace, then drew away to post a 4 length victory in a Calder conditions race on November 22. The juvenile filly has won 2 of 4 lifetime starts and has now banked $11,307. Owner: WSB Investments Inc. Breeder: Padua Stables.

TWENTY FOR TEN (06 c. o/o Rock'n Metallika, by Rock Hill) made his third start a winning one, taking a maiden event at Calder by 2-1/4 lengths. The colt has earnings of $8,712. Owner: Jose Pinchin & Mr. T. Stables. Breeder: Martha E. Pultz.

OLYMPIC RATE (06 f. o/o Olympic Emblem, by Our Emblem) proved to be the best once again, winning a Cameraro allowance by an easy 2 lengths. The filly rarely places worse than third and has now banked $32,923 with a record of 14-4-5-3. Owner: Titito Racing. Breeder: Nicholas J. Downes.

TRUE EXCHANGE (05 g. o/o True Rose, by Brunswick) showed his good nature and versatility when he maneuvered in and out of traffic several times before posting a neck score in a $30,000 Laurel Park allowance on November 20. The win brings his record to 11-2-4-2 with $73,330 in earnings. Owner: Hubert Vester. Breeder: Anthony E. Guida.

Exchange Rate's 5^th stakes winner of the year is EXE (06 f. o/o Exaggerate, by Cat Thief), winner of the $100,000 John Franks Juvenile Fillies Turf Stakes on November 8. Prior to this listed win, she had placed on the dirt in the $400,000 Florida Stallion My Dear Girl Stakes. Her record is now 6-2-2-1 with earnings of $133,850. Owner: James A. Riccio. Breeder: Padua Stables.

EXCHANGING KISSES (05 g. o/o Kissin' Jeb, by Jeblar) was bumped at the start, but managed to power to a comfortable and sizeable lead through the majority of a $29,000 Aqueduct turf test. She dug in nearing the wire when challenged and held on for a 2-3/4 length win in the mile and a sixteenth event. Her record is now 10-3-3-1 with $77,705 in earnings. Owner: Paul Pompa, Jr. Dr. Thomas L. Croley.

SERRANO (05 f. o/o Cattlewash, by Forest Wildcat) won a $25,000 allowance at Delta Downs on November 12 going 5 f. The 2-3/4 length win brings her record to 5-3-1-0 with earnings of $49,560. Owner: Robert E. Hibbert. Breeder: Millard Winterrowd.

LA SALTY (05 f. o/o Tactical Punch, by Tactical Advantage) won an $11,290 conditions race on November 9 at Remington Park going a mile and seventy yards. The win brings her record to 15-2-1-3 with $26,318 in earnings. Owner: Marion Davidson. Breeder: Alice Ann Farm, LLC.

Sales Highlights

Hip	Name	Buyer	Price
1787	'08 Blinding Element	Sugar Valley Farm	$70,000
152	Red Mischief (in-foal to ER)	Kelley Farms Racing	$100,000
657	First Song (in-foal to ER)	Bert Walker	$80,000
1786	Bless You (in-foal to ER)	Crispin De Moubray	$80,000

Ideal Exchange (06 g. o/o Cape Verde, by Mt. Livermore) took a $14,940 Calder conditions test on October 31 by 3/4 of a length. Stakes-placed in 2008, the gelding now has a record of 7-2-1-1 with $32,525. Owner/Breeder: Padua Stable.

Seminole Brave (04 g. o/o Yamasee, by Apalachee) won a $28,800 allowance at Hastings Racecourse on November 2 going 6-1/2 f. The gelding is seldom out of the money and, with the win, brings his record to 10-3-3-2 with $64,309. Owner: Fran Snow & G and G Stable. Breeder: Rol Bea Thoroughbred Racing.

EURODOLLAR (05 f. o/o Princess Ariana, by Kingmambo) cruised home to a 3-3/4 length win in a $19,840 maiden turf event going a mile and a sixteenth. The November 5 win brings her earnings to $29,138. Owner/Breeder: Joseph Rodi.

TRIMIT (06 c. o/o Willow Cove, by Smoke Glacken) won a $28,000 maiden special on October 24 convincingly by 2-3/4 lengths in his career debut. The colt starts his bankroll at $16,674. Owner: Heilibrodt Racing Stable. Breeder: Padua Stables.

EXCHANGING KISSES (05 g. o/o Kissin' Jeb, by Jeblar) ran a competitive race, then pulled away in the stretch to take a $33,000 conditions race on October 24 at Belmont. His record is now 9-2-3-1 with $60,305 in earnings. Owner: Paul P. Pompa, Jr. Breeder: Dr. Thomas L. Croley.

Exchange Rate's 4^th 2YO stakes winner is YOU LUCKY MANN (06 c. o/o Terri's Choice, by West Acre), who demolished his opponents by 11 lengths in the $100,000 Birdonthewire S., coming under the wire in cruise control. A winner of his career debut by 14-3/4 lengths, the colt surely has even bigger performances in his future. He how has a record of 4-2-0-2 with earnings of $101,500. Owner: Kramer Stables, LLC. Breeder: Elbert Paul & Opal Eileen Paul.

Exchange Rate's newest 2YO stakes horse is Exe (06 f. o/o Exaggerate, by Cat Thief), who ran third in her stakes debut in the $400,000 Florida Stallion My Dear Girl S. on October 18 at Calder. The filly overcame stumbling at the start to get up for third, turning in another competitive performance. Her record is now 5-1-2-1 with $73,850 in earnings. Owner: James Reccio. Breeder: Padua Stables.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle), who was coming off of a stakes win last time out, finished second by a head in the $60,000 P. G. Johnson S. at the Meadowlands on October 18. The filly, who has raced ten times this year and has only finished off the board in one of those starts, has now earned $144,370. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

SEE ME RUN (05 c. o/o Little Jeb, by Jeblar) is Exchange Rate's newest winner after taking a $24,000 maiden special at Laurel by a length. She has hit the board in half of her eight starts and has earned $32,000 on the dot. Owner/Breeder: Thomas L. Croley.

CAME UP ROSES (05 f. o/o Meadow Rose, by Meadowlake) took an $18,600 test at Hastings Racecourse on October 13 going 6-1/2 f. The win brings the filly's record to 4-2-0-1 and sets her earnings at $29,082. Owner: Sanduz Stables. Breeder: Wakan Oaks.

TRANSPORTER (06 c. o/o J Lo on the Go, by Swedaus) made the third time a charm on October 4 at Calder, taking a $22,400 maiden special by a neck. The win puts his earnings at $21,285 with a record of 3-1-1-1. Owner/Breeder: Chester A. Bishop.

OLYMPIC RATE (06 f. o/o Olympic Emblem, by Our Emblem) won the second race of her 2YO career at Camarero on October 4. The 5-1/2 length win came in the filly's 11 lifetime start and puts her record at 11-2-5-3 with $21,832. Owner: Titito Racing. Breeder: Nicholas P. Downes.

SERENE SPIRIT (04 f. o/o Debt Free, by Fly So Free) ran a killer race o October 4 at Calder. The filly won the mile event by an easy 9-1/2 lengths to bring her record to 15-3-1-2 with $25,747. Owner: Charles E. Fredrick. Breeder: Padua Stables.

LADY ALEXANDER (06 f o/o Lady Ironwood, by Housebuster) broke her maiden at second asking in a $37,000 maiden special on September 27 at Monmouth Park. The filly broke alertly and proved to be much the best, winning by 2-3/4 under mild urging. Her record is now 2-1-1-0 with $29,400. Owner: Rosemarie Kesselring. Breeder: Millard WInterrowd.

TADISHA (06 f. o/o Taunting, by Stay the Course) won in her second lifetime start at Calder in a maiden race going 5-1/2 f. on the dirt. The win came in her second start and puts her bankroll at $4,145. Owner/Breeder: Padua Stables.

PRIVATE EXCHANGE (05 c. o/o I'll Bedazzled, by Helmsman) showed that he was worth the wait when he won at first asking in a maiden special at Presque Isle Downs going 6 f. on the all weather track. The 3-3/4 length win starts his earnings off at $21,000. Owner: Richard Beattie & Holly Rice. Breeder: Padua Stables.

Exchange Rate's 6^th stakes winner of 2008 is LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) who became a stakes winner on September 20 when she took the $55,000 Walking in Da Sun S. After breaking sharply, she led every step of the way to win by 2 lengths. She now has a record of 12-5-3-1 with $132,970 in earnings. Owner: David A. Ross. Breeder: Vegso Racing Stable.

ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer), who is a stakes winner and G2 stakes performer this year, turned in another black type effort on September 21 in Belmont's $75,000 Statuette S. The filly lost by 3/4 of a length and now has a record of 10-3-1-3 with $331,042 in earnings. Owner: Zayat Stables LLC. Breeder: Padua Stables.

Exchange Rate's newest stakes horse is It's Gotta Be Us (06 g. o/o Chemistry, by Louis Quatorze), who ran third in the Gateway to Glory S. on September 19 at Fairplex Park. The effort brings his record to 3-1-0-2 with $25,200. Owner: Gregg Guiol and Dennis O'Neil. Breeder: Pamela F. Edel.

RATED FIESTY (05 f. o/o Feisty Countess, by Count the Time), a MGSW as a 2YO last year, ran second in the $72,000 Weekend Delight S. at Turfway Park over the all weather surface. The effort brings her ultra-consistent record to 5-3-1-1 with $220,811. Owner/Breeder: Heiligbrodt Racing Stable.

Seminole Brave (04 g. o/o Yamasee, by Apalachee) ran a game third in the $50,000 Winston Churchill S. at Hastings in Canada on September 21. The effort brings his record to 8-2-2-2 with $47,299. Owner: Fran Snow & G and G Stables. Breeder: Rol Bea Thoroughbred Racing, LLC.

WITCH PRINCESS (06 f. o/o Evil, by Hennessy) won a $25,000 maiden special on September 23 at Kentucky Downs going a mile on the turf. The 2-1/2 length win came in her third lifetime start and first start on the turf. She has earned $15,840. Owner: Dale and Brian Kalmar. Breeder: Dale Kalmar.

EXE (06 f. o/o Exaggerate, by Cat Thief) won $34,000 Monmouth maiden race on September 25 by 2-3/4 lengths. She roused when asked for a run in the stretch, bringing her record to 4-1-2-0 with $28,850 in earnings. Owner/Breeder: Padua Stables.

NICKEL SHOOTER (05 g. o/o Hard as Nails, by Holy Bull) won a Presque Isle Downs allowance valued at $38,610 on September 21 going 6 f. over the all weather surface. The win is his third in 7 starts and brings his earnings to $72,890. Owner: Barrett Partners LLC. Breeder: Robert Spiegel.

LOVE'S MIRAGE (03 m. o/o Lady Crystal, by sky Classic) won a Hoosier Park event valued at $9,000 on September 24 going 6 f. on the dirt. The mare has hit the board in 17 times in 37 lifetime starts and now has earnings of $43,936. Owner: Paul Martin. Breeder: Padua Stables.

Exchange Rate's 1^st 2YO graded stakes-winner of the year is C KARMA (06 f. o/o CB Carm, by Slick), winner of Woodbine's $150,000 Natalma S. (G3T) on September 14. The race was a "Win and You're In" event for the Breeders' Cup and earned her a start in the Breeders' Cup Juvenile Fillies Turf this fall. The filly, who was third earlier this summer to Exchange Rates undefeated multiple stakes winner, JULIET'S SPIRIT, has now earned $153,810. Owner/Breeder: Pamela F. Edel.

Rate of Exchange (05 f. o/o Hannah's Ink, by Pentelicus) was second in Calder's $55,000 Ravolia S. on September 13, beaten 2-1/2 lengths for the win. He has a record of 8-2-4-0 with $67,160 in earnings. Owner: Desperado Stables, Inc. & Elite Racing. Breeder: Red Sunset Farm.

Keeneland September Sales Highlights

Hip#	o/o	Purchaser	Price
1567	ESCAPING	Terry Gabriel, agent	$120,000
1728	Platinum Hope	Jim & Susan Hill	$200,000
2466	Lasqueti Island	Mark Hubley, agent	$140,000

You Luckie Mann (06 c. o/o Terri's Choice, by West Acre), who broke his maiden impressively by 14-3/4 in his career debut, notched his second stakes placing of the year on September 6 in the $150,000 Florida Stallion Affirmed S. He now has a record of 3-1-0-2 with $45,500 in earnings. Owner: Kramer Stables, LLC. Breeder: Elbert Paul & Opal Eileen Paul.

OLYMPIC RATE (06 f. o/o Olympic Emblem, by Our Emblem) won an $8,050 event at Camarero Race Track on September 5 going 6 f. on the dirt by a phenomenal 7 lengths. The winner led at every call and now has a record of 9-1-5-3 with earnings of $17,002. Owner: Titito Racing. Breeder: Nicholas J. Downes.

Keeneland September Sales Highlights

Hip#	o/o	Purchaser	Price
1058	Whisperifyoudare	Foxglove Stables	$140,000

SERRANO (05 f. o/o Cattlewash, by Forest Wildcat) won a $16,000 Louisiana Downs conditions race going 5 f. on the turf on August 31. The win is her second in three starts and brings her earnings to $29,580. Owner: Robert E. Hibbert, II. Breeder: Henry B. Johnson, Jr.

EXCHANGE ARTIST (05 f. o/o One Quick Big, by Commemorate) won a $12,000 Delaware Park maiden race on September 2 going 6 f. The win is his first and brings his earnings to $23,253. Owner: Pecoraro Racing Stable. Breeder: Janet Erwin.

NICKEL SHOOTER (05 g. o/o Hard as Nails, by Holy Bull) won a $36,075 Presque Isle Downs allowance going 6 f. over the all weather surface. The 3-1/2 length score brings his record to 6-2-1-0 with earnings of $49,490. Owner: Barrett Partners LLC. Breeder: Robert Spiegel.

SHANGHAI EXCHANGE (05 f. o/o Righteous Wolf, by Wolf Power) passed an $8,000 Calder test with flying colors! The filly won in her third lifetime start by 9-1/2 lengths in the 5 f. race for maidens, bringing her earnings to $5,066. Owner: Wesley A. Ward. Breeder: Constance A. Stawasz & Stuart McPhee.

SERENE SPIRIT (04 f. o/o Debt Free, by Fly So Free) won a $14,000 conditions race at Calder on August 22 going a mile and a sixteenth on the turf. The 2-1/4 length win brings her record to 13-2-1-2 with $21,387 in earnings. Owner: Charles E. Fredrick. Breeder: Padua Stables.

JULIET'S SPIRIT (06 f. o/o Juliet's Way, by Farma Way) remained undefeated in winning the $150,000 Ontario Debutante S. on August 16 over the synthetic surface. She is proving herself to be one of Canada's premier two-year-old fillies and the win brings her record to a perfect 3 for 3 with $209,358 in earnings. Owner/Breeder: Padua Stables.

C Karma (06 f. o/o C B Carm, by Slick) made her stakes debut worth the effort by running third to another Exchange Rate (listed above) in the $150,000 Ontario Debutant S. at Woodbine over the synthetic surface on August 16. The filly has been ultra consistent thus far in her career, never finishing out of the money. The effort brings her earnings to $68,944 with a record of 4-1-1-2. Owner/Breeder: Pamela F. Edel.

You Luckie Mann (06 c. o/o Terri's Choice, by West Acre), a winner in his first career start last time out, ran a respectable third in the $100,000 Dr. Fager S. at Calder on August 16. The classy colt had excuses for not finishing first, including hitting the gate at the start and getting bumped by several rivals soon after, causing him to be checked early, but he ran on gamely in his first stakes bow to just miss second money. He has now earned $29,000 in two starts. Owner: Kramer Stables, LLC. Breeder: Elbert Paul and Opal Eileen Paul.

R BROWN SUGAR (06 f. o/o Winlocs Sistermary, by Woodman) won a $30,000 Del Mar allowance on August 18 going 6 f. The filly stayed with the pack until the turn, then ran on when asked, notching a clear win by 2 lengths in her first lifetime start. The win starts her bankroll off at $9,660. Owner: Richard N. Averill. Breeder: Harold J. Plumley.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) won a $31,000 allowance on August 17 at Laurel Park going 5-1/2 f. on the turf. The 3/4 length win brings his earnings to $96,700 with a record of 11-4-3-1. Owner: David A. Ross. Breeder: Vegso Racing Stable Inc.

RATE OF EXCHANGE (05 f. o/o Hannah's Ink, by Pentelicus) won a 5 f. Calder conditions race valued at $16,200 on August 10. The 1-3/4 length win brings her record to 6-2-3-0 with $57,160. Owner: Desparado Stables, Inc. & Elite Racing, LLC. Breeder: Red Sunset Farm.

PRECIOUSGOLDMEDAL (05 f. o/o Gold Medal Runs, by Holy Bull) remained undefeated when she took a $9,400 Mountaineer test going 6 f. on August 11 by a head. She is now 2 for 2 and has earned $10,730. Owner: Elmer L. Parker, Jr. Breeder: Lybby F. Gay & Robert Gay.

Exchange Rate's 11^th stakes horse of the year and 22^nd lifetime is Seminole Brave (04 g. o/o Yamasee, by Apalachee), who ran a determined second in the $56,500 British Columbia Cup Sprint H., his first try in stakes company, on August 4. The gelding, who showed his devastating turn of foot two races back to win by almost ten lengths while being geared down, brings his record to 6-2-2-1 with $40,648 in earnings. Owner: Fran Snow & G. & G. Stables. Breeder: Rol Bea Thoroughbred Racing LLC.

EXCHANGING KISSES (05 g. o/o Kissin' Jeb, by Jeblar) won a $31,000 Saratoga maiden event on August 6 going a mile and a sixteenth on the turf. The 2-1/4 length win brings the gelding's record to 61-3-0 with $36,945. Owner: Paul P. Pompa, Jr. Breeder: Dr. Thomas L. Croley.

C KARMA (06 f., o/o B Carm, by Slick) wowed her connections with a win at Woodbine in a $66,000 maiden special going 5 f. on the synthetic surface on August 2. The 2 length brings her record of consistency to 3-1-1-1 with $53,411 in earnings. Owner/Breeder: Pamela F. Edel.

SERRANO (05 f. o/o Cattlewash, by Forest Wildcat) won a $23,000 maiden special in her second outing at Louisiana Downs on August 3 going 5 f. on the turf. The 1-3/4 length win brings her earnings to $15,180 in two starts. Owner: Robert E. Hibbert. Breeder: Millard Winterrowd.

14-3/4 Length 2YO Winner and More Black Type
ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer) finished a respectable third in the $150,000 Lake George S. (G2) on July 25. The filly, who is a MSW and is MGSP, has a record of 8-3-1-2 with $320,047. Owner: Zayat Stables LLC. Breeder: Padua Stables.

YOU LUCKIE MANN (06 c. o/o Terri's Choice, by West Acre) showed that it's more talent than luck that gets a horse to the wire first. The colt turned in one of the most impressive 2YO performances this year, winning a $27,000 maiden special at Calder by 14-3/4 lengths while being geared down toward the finish on July 26. The dominating performance starts his bankroll at $18,000. Owner: Kramer Stables LLC. Breeder: Elbert Paul & Opal Eileen Paul.

IT'S GOTTA BE US (06 c. o/o Chemistry, by Louis Quatorze) won a competitive maiden special at Del Mar valued at $34,650 on July 30 in his first lifetime start. Chasing the leaders and always traveling in close company, the winner maneuvered in and out of rivals until he found room to open up. The professional looking win starts his bankroll off at $13,800. Owner: Greg Guiol & Dennis O'Neill. Breeder: Pamela F. Edel

NICKEL SHOOTER (05 g. o/o Hard as Nails, by Holy Bull) won a Presque Isle Downs maiden special valued at $34,650 on July 30 going 5-1/2 f. The winner sat just off of the pace until he was asked to run, then turned it on to draw away easily, winning by a widening 9-1/2 lengths. He has now earned $27,290. Owner: Barrett Partners, LLC. Breeder: Robert Spiegel.

DARBY'S PAL (04 g. o/o Caught My Eye, by Hansel) won a $10,000 Calder conditions race on July 28 going a mile and a sixteenth by an easy 4-1/2 lengths. The win brings his record to 17-3-0-4 with $43,306 in earnings. Owner: Richard Marquardt. Breeder: Penny's in a Stream LLC.

HURRY UP ROSEMARY (05 f. o/o Phone Carol, by Phone Trick) won a $28,000 maiden special at Louisiana Downs going a mile on the turf. The 2-1/2 length win came in her turf debut and brings her record to 9-1-2-1 with $35,810 in earnings. Owner: Earl & Keith Hernandez. Breeder: Roy Zuppardo.

CAME UP ROSES (05 f. o/o Meadow Rose, by Meadowlake) won a $19,500 maiden special at Hastings Park in Canada on July 26 going 6-1/2 f. on the turf. Coming home ahead of her nearest rival by 4-1/2 lengths, she showed she has potential and brought her earnings to $12,054 in 2 lifetime starts. Owner: Fran Snow & Len Houweling. Breeder: Wakan Oaks.

PRECIOUSGOLDMEDAL (05 f. o/o Gold Medal Runs, by Holy Bull) won a $9,100 Mountaineer maiden race first time out going 5-1/2 f. on July 25. The filly was in tight quarters early in the race, but swung 7 wide down the stretch to finish powerfully 4-1/2 lengths ahead of her closest rival. She starts her bankroll off at $5,278. Owner: Elmer L. Parker, Jr. Breeder: Lybby F. Gay & Robert Gay.

EARLY PAYOFF (05 g. o/o Rolling Creek, by Storm Creek) won a maiden race at Camarero Race Track in Puerto Rico on July 27 in a confident manner, besting the field by 9-3/4 lengths. The win is his first in four starts and brings his earnings to $5,308. Owner: My Own Shangai. Breeder: Marianne Siegel.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall), a multiple G1-PR winner who has never been worse than second (and only once in that placing) won a $10,450 handicap race at Camarero Race Track in Puerto Rico on July 30. The win brings her record to 8-7-1-0 with more than $125,000 in earnings. Owner: E. R. Stud. Breeder: Padua Stables.

Solidifying Exchange Rate's position as the Leading Sire of Two-Year-Olds in America is SOUTHERN EX-CHANGE (06 c. o/o Miss Madeleine, by Woodman), who won last weekend's $150,000 Colin S. at Woodbine on July 19 while being geared down toward the finish. The track record-setting, multiple stakes winning colt re-mains undefeated and, according to his trainer, we ha-ven't even seen his best work. "I don't care what you want to call it - he's got it," said trainer Greg de Gaines. "I don't think sprinting is his forte. He just happens to be that freakish that he can do it. I think his best will come when we get to stretch out in distance." Well, he would know! The colt has earned $212,942 in 3 lifetime starts/wins. Owner: Bill & Vicki Poston. Breeder: Karl M. Hohensee.

Exchange Rate is the sire of Fasig-Tipton July Sale Topper, Hip # 441 (a filly out of Wickedly Wise, by Tactical Cat)!

GREYCLIFF EXCHANGE (04 c. o/o Formidable Lady, by Silver Hawk) won a $30,500 Arlington Park allowance going a mile and a sixteenth over the all weather track on July 12. The colt has earned $53,683. Owner: Maximum Six LLC. Breeder: Brylynn Farm, Inc. & Linda Capazoli.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) won a $27,500, 5-1/2 f. allowance sprint over the Colonial Downs turf course on July 13. The 4 length win brings her record to 10-3-3-1 with $79,030 in earnings. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

Fasig-Tipton July Sales Results
441 (f) Exchange Rate/Wickedly Wise - $375,000
406 (c) Exchange Rate/Stage Door Honey - $100,000
444 (f) Exchange Rate/Yira - $35,000
540 (c) Exchange Rate/Jiving Beauty - $28,000

Exchange Rate's 4^th stakes winner of 2008 and 14^th stakes winner of his first 4 crops is BEREBA (03 m. o/o Missy Waki, by Miswaki), winner of the July 5 No Winking S. at Calder Race Course. Stakes placed on multiple occasions, including a Grade 3 effort earlier this year, BEREBA finally notched a stakes victory by a con-vincing 7 lengths to prove she was much the best. The win brings her record to 27-5-6-3 with earnings of $179,390. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

AMERICAN SIGNATURE (05 g. o/o Colonial Slip-pers, by Pleasant Colony) won a $46,500 Woodbine race going 7 f. over the all weather track on July 6. The winner stalked the pace until making a move and notched the 4-1/2 length under a hand ride down the stretch. The win is his second in six starts and brings his earnings to $50,159. Owner: Goldmart Farms. Breeder: Mark Pfeif-fer & Peggy A. Pfeiffer.

EXCELLENT RATE (05 f. o/o Prizes, by Prized) won a $19,200 conditions race going 7-1/2 f. on the turf at Mountaineer on July 6. The 3/4 length win is her third this year and brings her lifetime earnings to $28,348. Owner/Breeder: Bruce Tallisman.

Exchange Rate is currently North America's Leading Sire of 2-Year-Olds and the ONLY sire to have TWO undefeated 2YO SWs in 2008!

JULIET'S SPIRIT (06 f. o/o Juliet's Way, by Farma Way), winner of the $150,000 My Dear S. at Woodbine on June 30, is Exchange Rate's second 2YO stakes winner in 2008. Her easy 2-1/2 length victory brings her earnings to $124,362 in only two lifetime starts. Owner/Breeder: Padua Stables.

XCHANGER (04 g. o/o Saragoza, by Crafty Prospector), who is a MGSW, was second best by a nose in the $200,000 Donald LeVine Memorial H. on June 28 at Philadelphia Park. The effort brings his earnings to $774,990. Owner: Circle Z Stable and Joseph Masone & Mar. Breeder: Oscar Martinez.

SEMINOLE BRAVE (04 g. o/o Yamasee, by Apalachee) crushed a field of allowance foes at Hastings Park on July 1 going 6-1/2 f. for a purse of $23,452. The gelding made the 9-3/4 length score look easy and showed that he could have done much more if necessary. Though he only started racing as a 4YO, the win is his second in a row and brings his record to 4-2-1-0. Owner: Fran Snow & G & G Stable. Breeder: Rol Bea Thoroughbred Racing, LLC.

RATE OF EXCHANGE (05 f. o/o Hannah's Ink, by Pentelicus) won an $18,200 maiden special over the Calder turf going 5 f. on June 28. The nose victory brings his record to 5-1-3-0 with $40,960 in earnings. Owner: Desperado Stables Inc. & Elite Racing. Breeder: Red Sunset Farm.

LA SALTY (05 f. o/o Tactical Punch, by Tactical Advantage) won a $12,000 maiden race at Prairie Meadows on June 30 going a mile and seventy yards. The 3-3/4 length win brings her earnings to $18,031. Owner: Marion Davidson. Breeder: Alice Ann Farm LLC.

TRUE EXCHANGE (05 g. o/o True Rose, by Brunswick) won a $40,000 maiden special at Delaware Park on June 25 going 6 f. After placing 2nd in his first two lifetime starts, the 3YO gelding dueled for the lead with the second place finisher, then engaged him in a long stretch duel that ended with TRUE EXCHANGE ahead by 3/4 of a length at the wire. He has earned $35,760 in three lifetime starts. Owner: Hubert Vester. Breeder: Anthony E. Guida.

R BROWN SUGAR (06 f. o/o Winlocs Sistermary, by Woodman) won a $14,700 Calder maiden race on June 22 going 5 f. The 1/2 length score was the 2YO filly's racing debut and starts her bankroll off at $9,660 for the win. Owner: Richard N. Averill. Breeder: Harold J. Plumley.

RED MERCURY (04 g. o/o Jilli's Dream, by Out of Place) scored a 1-1/2 length win in a $7,500 Calder conditions race going 6 f. on June 21. The 4YO gelding has hit the board in 16 of 26 starts and has earned $32,586. Owner: Stotler Brothers. Breeder: Robert Clark.

Exchange Rate's newest stakes winner is SOUTHERN EXCHANGE (06 c. o/o Miss Madeleine, by Woodman), winner of Woodbine's $150,000 Victoria S. on June 15. The colt, who set a Woodbine Polytrack record in his first lifetime start, remains undefeated with earnings of $126,001. Owner: Bill and Vicki Poston. Breeder: Karl M. Hohensee.

ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer) was a respectable third in the $200,000 Regret S. [G3] at Churchill Downs on June 14. The 1-1/8 mile turf effort brought her earnings to $305,074. Winner of the $168,000 Edgewood S. earlier this year, she has hit the board in 5 of 7 lifetime starts, all but one of which have been in stakes or graded stakes events. Owner: Zayat Stables LLC. Breeder: Padua Stables.

Bereba (03 m. o/o Missy Waki, by Miswaki) earned another stakes placing when she finished 3rd in Calder's $100,000 U Can Do It H. on June 14. Her record is now 26-5-6-2 with $156,300. Owner: Tanourin Stables. Breeder: Richard E. Wilson. Ideal Exchange (06 g. o/o Cape Verde, by Mt. Livermore) was second best on June 15 in the $36,000 B. L.'s Sweep S. at Calder. The colt turned in a game performance, stumbling coming out of the gate and then getting jostled and checked in between horses, and now has a record of 3-1-1-1 with $21,960 in earnings. Owner: J. Robert Harris, Jr. Breeder: Marion G. Montanari.

EXCELLENT RATE (05 f. o/o Prizes, by Prized) won a Mountaineer Park conditions test going 7 f. over a firm turf course on June 16. The 4-1/4 length romp is her second win this year and brings her earnings to $16,828. Owner/Breeder: Bruce N. Tallisman.

JULIET'S SPIRIT (06 f. o/o Juliet's Way, by Farma Way) won her first time out going 4-1/2 f. over Woodbine's all weather surface on June 7. Up close to the leaders early, the filly angled out and responded when asked to win by 1/2 of a length, earning $35,316 for the effort. Owner/Breeder: Padua Stables.

AMERICAN SIGNATURE (05 g. o/o Colonial Slip-pers, by Pleasant Colony) broke his maiden at Woodbine on June 6 going 6 f. over the all weather track. The win-ner stalked the pace, then made his move within a furlong of the wire to get up for a 1/2 length victory. Owner: Goldmart Farms. Breeder: Mark Pfeiffer & Peggy A. Pfeiffer.

SEMINOLE BRAVE (04 g. o/o Yamasee, by Apalachee) won by 1-1/4 lengths on June 8 going 6-1/2 f. in a $20,400 Hastings Park allowance. The winner now has a record of 3-1-1-0 with $16,517 in earnings. Owner: Fran Snow and G & G Stables. Breeder: Rol Bea Thor-oughbred Racing LLC.

EXCELLENT RATE (05 f. o/o Prizes, by Prized) dead-heated for first after fighting back from being closed in on the rail in a June 9 Mountaineer maiden race going 5-1/2 f. She has now earned $8,360. Owner/Breeder: Bruce N. Tallisman.

Exchange Rate's 6^th Stakes Performer this year is SWEET EXCHANGE, who finished third in the Sarah's Success S. at Calder on May 25 going a mile. A stakes winner in 2007, SWEET EXCHANGE has earned $130,445. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

Bereba (03 f. o/o Missy Waki, by Miswaki), who was graded-stakes placed earlier this year, earned another stakes placing by finishing second in the 5 f. $36,000 Cool Air Stakes on May 24 at Calder Race Course. The effort brings her record to 25-4-6-2 with $143,790 in earnings. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

SOUTHERN EXCHANGE (06 c. One Quick Bid, by Woodman) won first time out at Woodbine in a $66,000 maiden special going 4-1/2 f. over the all weather track on May 18. The colt's two and a quarter length victory puts him at $36,011 in earnings. Owner: Bill and Vicki Poston. Breeder: Karl M. Hohensee.

AMERICAN SYMPHONY (04 f. o/o Mausie, by Mariache) broke her maiden by a widening six lengths in a May 16 $15,000 race going 6 f. over the all weather surface at Golden Gate. The win brings her bankroll to $22,177. Owner: Michael Hagen. Breeder: Sherri Hughes & Classiebawm Farm.

BRILLIANCY (05 f. o/o Raspberry Eggcream, by Time for a Change) earned her second win from three starts this year at Lone Star Park going a mile on the dirt in a May 17 conditions race. The filly "broke alertly and went straight to the lead," never letting up and winning by seven and three quarters lengths. She has now earned $23,118 in five lifetime starts. Owner/Breeder: Padua Stables.

IDEAL EXCHANGE (06 g. o/o Cape Verde, by Mt. Livermore) broke his maiden in his second asking on May 10 at Calder going 4-1/2 f. on the dirt. He's hit the board in both lifetime starts, finishing third in his first outing, and has earned $15,460. Owner/Breeder: Padua Stables.

CRIMSON ORE (05 f. o/o Hawk Dance, by Silver Hawk) set the pace and then drew away for the win in a $16,800 Churchill Downs sprint going 6 f. in the slop on May 15. Her record is now 9-3-2-1 with $51,226 in earnings. Owner/Breeder: Padua Stables.

Exchange Rate's 1st stakes winner for 2008 is ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer), winner of the May 2nd $150,000 Edgewood Stakes, run at a mile and a sixteenth on the turf at Churchill Downs. ZEE ZEE set the pace from the start and maintained the advantage through the stretch, winning by a length and three quarters. She has now earned $283,347. Owner: Zayat Stables, LLC. Breeder: Padua Stables.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) bested her rivals in a May 4 allowance sprint on the turf. Racing close to or on the lead for most of the race, she won drawing away by 3 and 3/4 lengths, bringing her record for this year to 5-2-1-1. She has earned $57,580 lifetime. Owner: David Ross. Breeder: Vegso Racing Stable Inc.

LEGAL EXCHANGE (05 c. o/o Picture Palace, by Tabasco Cat) won a 5 ^1/2 furlong contest on May 4 at Canterbury Park. After disputing the pace for the first ^1/2 mile, he gained the advantage in the stretch to break his maiden by a widening 13 ^1/2 lengths. Owner: Sandra Sanders. Breeder: Padua Stables.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall) this week was named the Champion imported 2-year-old Filly of Puerto Rico for 2007. She earned the honors with a string of six straight wins in her first six career starts, which included two Grade I races in Puerto Rico. She won those races by a total of thirty-four lengths. Owner: E.R. Stud. Breeder: Padua Stables.

Exchange Rate's 18^TH stakes horse is Encanto Park (05 f. o/o Sovietica (GB), by Soviet Star), who was third in the $200,000 Calder Oaks going 1-1/8 m. on the turf at Calder on April 26. She's earned $58,740. Owner: Carliwood Farms. Breeders: Cashel Stud, Inc. & Tom Zweisler.

SERENE SPIRIT (04 f. o/o Debt Free, by Fly So Free) won a mile maiden at Calder Race Course on April 27 by four and a quarter lengths. Owner: Charles E. Frederick. Breeder: Padua Stables.

STAR TRADER (05 f. o/o Elantra, by End Sweep) notched her first win a $20,000 maiden special going 7f. on April 20 at Tampa Bay Downs. Following the pack for the first quarter, she steadily gained ground on her rivals, getting up to win by half of a length during the final strides in her second lifetime start. Owner/Breeder: Vegso Racing Stable.

NOTABLE EXCHANGE (04 g. o/o Notable Girl, by What a Pleasure) won a 6 f. event on the dirt at Prairie Meadows on April 21, her first start for the year. After racing toward the back of the pack early, she angled out five wide turning for home and got up in the final strides to win by a neck. Owner: Maggi Moss. Breeder: Charles Patton.

ELLIOT'S EXCHANGE (03 f. o/o Copelan's Musique, by Copelan) won by a neck going 6-1/2 f. on the all weather track at Keeneland on April 11. Outrun for a half mile, she circled ten wide and got up gamely for the win. She's earned $131,948 and has five wins from 16 starts. Owner: Marc Wexler. Breeder: Ennis Stables, Inc.

The fifth stakes horse from the current crop of 3-year-olds for Exchange Rate is Waywardwillie (05 c. o/o Guiding Principle, by Ghazi), who was third in the $85,000 Soph Turf S. going 1-1/16 m. on the turf at Tampa Bay on April 5. Owner/Breeder: William P. Clapp.

LIBOR LADY (05 f. o/o Laughing Erin, by Irish Castle) won a 5 f. turf maiden special at Gulfstream Park on April 4 by three and three-quarter lengths. She's earned $42,760. Owner: David A. Ross. Breeder: Vegso Racing Stable, Inc.

TENVINCE (04 c. o/o Castle Mark, by Miner's Mark) won a 6 f. maiden over the all weather track at Bay Meadows on April 7 by a neck. He has a win and a second in two starts this year and he's earned $16,200. Owners: Bruce K. & Joanne H. Thayre Trust. Breeders: Harry Bono & Louise Bono.

21 winners, from 41 starters, from 57 foals in his third crop, which are now-3-year-olds. He also has two graded stakes winners and a total of five stakes performers from that limited group.

TRACK EXCHANGE (05 c. o/o Englands Angel, by Houston) won a 6 f. maiden special at Fair Grounds on March 21 by a length. He awaited room nearing the drive, slipped through on the rail and proved ³clearly the best². He's now won or placed in all three of his starts this year and his earnings are $35,800. Owner / Breeder: On Target Racing Stable LLC.

XPRESSRATE (05 f. o/o Mane Desire, by Mane Minister) won a 7 f. maiden at Charles Town on March 21 by eleven lengths. She led at every call and widened her margin through the stretch. She has a win and two second from four starts this year and has earned $11,620. Owner: Circle Z Stables. Breeder: Bradley Carnes.

BRILLIANCY (05 f. o/o Raspberry Eggcream, by Time for a Change) won her first start of the year, a mile maiden special at Delta Downs on March 26, by six lengths. She led at every call and pulled away in the stretch, much the best. She's earned $16,560 in her three career starts. Owner / Breeder: Padua Stables.

An Exchange Rate filly was one of the highest price juveniles at the OBS March 2-year-old Sale this week. A filly out of Disperse a Star bred by Jilsie's Gigalo Stables & William Jurgens brought $490,000. She was purchased by RBTS, agent from Niall Brennan Stables.

OK JOE (05 c. o/o Last Splash, by Sky Classic) won a 5-1/2 f. maiden special at Hawthorne on March 15 by a half length in his second start of the year. He rallied five wide into the lane to get up for the win. He's earned $26,420. Owner: High Five Stables. Breeders: Doug Henderson & Gloria Henderson.

WAYWARDVILLE (05 g. o/o Guiding Principle, by Ghazi) won a 1-1/16 m. turf maiden at Tampa Bay Downs on March 19 on disqualification after being steadied late in the race. He's earned $17,020. Owner/Breeder: William P. Clapp.

CRIMSON ORE (05 f. o/o Hawk Dance, by Silver Hawk) won by five and a half lengths going 5 f. on the turf at Delta Downs on February 16. She vied for the early lead, pulled away and won handily. It's her second win from five starts and she's earned $30,600. Owner / Breeder: Padua Stables.

THERESE (05 f. o/o Proud Ciel, by Septieme Ciel) won her second career start, a 6 f. maiden special at Gulfstream Park on Feb. 10, by four and three-quarter lengths. She chased the early pace, rallied to take over in midstretch and drew off. She's earned $25,000. Owner/Breeder: Marion G. Montanari.

EUROPIUM (04 f. o/o Just Bet On Me, by Darn That Alarm) won by three-quarters of a length going a mile and 70 yards at Philadelphia Park on Feb. 11. She rated in third and fourth at the first two calls, had the lead at the top of the stretch and lasted while driving. She has won or placed in eight of her eighteen starts and earned $102,640. Owner: Michael Dubb. Breeder: Westbury Stables.

The 2007 APEX Ratings were published this week in the Thoroughbred Daily News and Exchange Rate scored fifth in the world among young sires (first foals of 1996 to 2004) with an exceptional 'A Runner Index' of 3.55. Exchange Rate also scored first in his sire class, which are sires with first foals of 2003. Said Oppenheim of the top "young sires", "they are really the new World Top 12 in waiting."

RATED FIESTY (05 f. o/o Fiesty Countess, by Count the Time) finished first by a neck in the $50,000 Dixie Belle S. at Oaklawn Park on January 26 but was taken down to third for interference. The Grade 3 stakes winner was previously undefeated but now has three wins and this third from four starts and has earned $209,291. Owner: Heiligbrodt Racing Stable & JMJ Racing. Breeder: Heiligbrodt Racing Stable.

ELIXIR (05 c. o/o Windmill, by Grindstone) won a mile and 70 yard maiden at Aqueduct on January 27 by seven and a quarter lengths. He led at every call, drew away entering the stretch and was under wraps late. Owner: Winning Move Stable. Breeder: Jim & Sonia Esposito.

The eighth graded stakes performer (from a total of 16 stakes horses) for Exchange Rate is Bereba (03 f. o/o Missy Waki, by Miswaki),who was third in the $100,000 First Lady H. [G3] going 6 f. at Gulfstream Park on January 13. She's earned $136,790. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

COME FROM AWAY (05 f. o/o Soarting Wings (IRE), by Silver Hawk) won a 1-1/16 m. turf maiden special at Tampa Bay Downs on January 6 by a neck. She's earned $22,892. Owner: Lambholm Stable. Breeders: Lambholm & Jayeff B Stables.

DARBY'S PAL (04 g. o/o Caught My Eye, by Hansel) won by a half length going 1-1/16 m. on the turf at Calder Race Course on December 27. He stumbled at the start and was steadied in the early going, angled out for the drive and was up in time. He's earned $33,633 and has two wins. Owner: Richard D. Marquardt. Breeder: Penny's in a Stream LLC.

GREYCLIFF EXCHANGE (04 c. o/o Formidable Lady, by Silver Hawk) won a mile maiden at Tampa Bay Downs on December 21 by a length. He raced up close from the outset, bid inside the last eighth and word down the leader in the final 40 yards. Owner: Maximum Six LLC. Breeders: Brylynn Farm & Linda Capazoli.

ZURICH (03 c. o/o Victor's Prize, by Victoriate) won by two and a quarter lengths going 1-1/16 m. on the turf at Sam Houston Racetrack on December 27. He broke a bit awkwardly, settled into seventh for the first three calls, was blocked behind a wall of horses in upper stretch, moved out and then split rivals outside the sixteenth pole, and closed fast for the win. He's two for two this year and his earnings are $16,380. Owner: Oak Leaf TC LP. Breeder: Rachel L. Kimbell.

The twelfth 2-year-old winner this year for Exchange Rate is SEXY ESSENCE (05 f. o/o Bittersweetreality, by Hennessy), who won her career debut, a 6 f. maiden at Camarero Race Track on Dec. 17, by three and a half lengths. Owner: My Own Shangai. Breeder: Padua Stable.

ENCANTO PARK (05 f. o/o Sovietica, by Soviet Star) won a 1-1/16 m. turf allowance at Calder Race Course on Dec. 7 by three lengths. She sprinted clear early, set all the fractions and drew off. This is her second win and she's earned $33,555. Owner: Carliwood Farms. Breeders: Cashel Stud, Inc. & Tom Zwiesler.

Dead Flowers (05 f. o/o Mason Crest, by Grand Slam) won a 6 f. maiden special at Penn National on Dec. 6 by nine and a quarter lengths. She'd previously been second in the Blue Mountain Juvenile S. and she's now earned $36,493. Owner: Hill Haven Farm. Breeder: Dr. Scott A. McManus.

TOY EXCHANGE (05 f. o/o Runaway Toy, by Runaway Groom) won a 5-1/2 f. maiden at Philadelphia Park on December 1 by a neck. She bumped with a rival soon after the start, raced wide rallying on the turn, had the lead at the head of the stretch and withstood a late challenge. She's earned $17,220. Owner: Silver Trail Stables LLC. Breeders: Robert Sanford & Jim Hardin.

ZURICH (03 c. o/o Victor's Prize, by Victoriate) won his first start of the year, a 6 f. maiden special at Sam Houston Racetrack on November 30, by three-quarters of a length. He rallied five wide on the turn, was in a long drive through the stretch and was up in the final strides for the win. He's earned $10,980. Owner: Oak Leaf T.C. LP. Breeder: Rachel L. Kimbell.

Bereba (03 f. o/o Missy Waki, by Miswaki) won a 5-1/2 f. allowance optional claiming at Calder on November 23 by three-quarters of a length. She's earned $126,790. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

SWEET EXCHANGE (04 f. o/o Eishrela (GB), by Night Shift) was third in the Storm Frolic S. going 1-1/16 m. at Calder Racecourse on November 18. She's earned $124,875 and this was her fifth stakes performance. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

SWAP FLIPAROO (03 f. o/o Fliparoo, by Buckaroo) was third in the $75,000 Smart Angle S. going 6 f. at Aqueduct on November 11. Outrun early, she came wide for the drive and finished well to be beaten just a length and a quarter for the win. The Grade I stakes winner has earned $664,358. Owner / Breeder: Hobeau Farm.

Madonna Mia (05 f. o/o Juliet's Way, by Farma Way) was third in the $100,000 My Trusty Cat S. going 7 f. at Delta Downs on November 9. This is her second stakes performance and her earnings are now $34,706. Exchange Rate has five stakes performers and ten winners from his crop of 57 current 2-year-olds. Owner/Breeder: Padua Stables.

STERLING FAITH (05 c. o/o River of Faith, by Bahri) won his second career start, a mile maiden at Delta Downs on Nov. 1, by two and a quarter lengths. He's earned $6,900. Owner/Breeder: Emerald Pastures Corp.

L DA VINCI (03 g. o/o Debt Free, by Fly So Free) won by five and a half lengths going a mile and 70 yards at Calder Race Course on November 5. Owenr: Giary G. Bell. Breeder: Padua Stables.

RED MERCURY (04 g. o/o Jilli's Dream, by Out of Place) won by a length and a half going 7 f. at Calder Racecourse on October 27. He's earned $18,240. Owner: Stotler Brothers LLC. Breeder: Robert Clark.

SWAP FLIPAROO (03 f. o/o Fliparoo, by Bukaroo) was third in the $75,000 Storm Flag Flying S. going 7 f. at The Meadowlands on October 19. The Grade I stakes winner has earned $656,588. Owner/Breeder: Hobeau Farm.

The fifth 2-year-old stakes performer this year for Exchange Rate is Madonna Mia (05 f. o/o Juliet's Way, by Farma Way), who was second, beaten three-quarters of a length, in just her third career start, the $50,000 E. L. Gaylord Memorial S. going 6-1/2 f. at Remington Park on October 20. She's earned $24,706. Owner/Breeder: Padua Stables.

Bereba (03 f. o/o Missy Waki, by Miswaki) was second in the $50,000 Sugar N Spice S. going 6-1/2 f. at Calderon October 21. She's earned $109,290. Owner: Tanourin Stable. Breeder: Richard E. Wilson.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall) won the Dia de la Raza-GIPR in Puerto Rico on October 12 by five lengths, drawing off. She's undefeated in five career starts, and she has won those five races by a total of thirty-eight lengths! Owner: E. R. Stud. Breeder: Padua Stables.

Dead Flowers (05 f. o/o Mason Crest, by Grand Slam) was second in the $47,000 lue Mountain Juvenile S. going 5 f. at Penn National on October 18. She finished gamely to close from fourth at the top of the stretch. She's still a maiden, but is the fourth 2-year-old stakes performer for Exchange this year. Owner: Brellanick Stable. Breeder: Dr. Scott A. McManus.

The ninth 2-year-old winner this year for Exchange Rate is LOWER THE RATE (05 f. o/o Ms Rancho Santa Fe, by Personal Hope) won a 5-1/2 f. f. maiden at Oak Tree Santa Anita on October 14 by four and a quarter lengths. She set all the fractions and then drew off through the stretch and has earned $13,240. Owner: Martha Gladwell. Breeder: Padua Stables.

EXCHANGING FIRE (04 f. o/o Shooting Fire, by Caveat) won the $60,000 Honey Bee H. going a mile and 70 yards at The Meadowlands on October 5 by four and three-quarter lengths. She was off a step slow, hustled to the front, edged clear on the far turn and widened her advantage through the stretch under intermittent urging. She's earned $225,880 and this was her third stakes win. Owner: Kenwood Racing LLC. Breeder: Acclaimed Racing Stable.

XCHANGER (04 c. o/o Saragoza, by Crafty Prospector) was third in the $500,000 Meadowlands Cup H.-G2 going 1-1/8 m. at The Meadowlands against older horses on October 5, beaten just a half length and a nose for the win. He advanced outside on the far turn, came four wide into the lane and finished gamely. He's earned $719,990 and won or placed in eight of his 13 starts. Owner: Circle Z, J. Masone, and M. Shuman. Breeder: Oscar Martinez.

CREAM ONLY (04 f. o/o Raspberry Eggcream, by Time for a Change) won a 7-1/2 f. turf allowance optional claiming race at Remington Park on October 5 by a head. She's earned $132,023 and won or placed in nine of her 13 starts. Owner/Breeder: Padua Stables.

ARAZI EXCHANGE (04 f. o/o Fresa Baby, by Arazi) won her first start of the year, a 1-1/16 m. turf maiden special at Hawthorne on October 6, by a length. She's earned $32,920. Owner: Frank Mancari. Breeder: Jockey Club Farm.

RED MERCURY (04 g. o/o Jilli's Dream, by Out of Place) won a 7 f. maiden at Calder Racecourse on Sept. 29 by four and a half lengths. He chased the pace, rallied to take over leaving the turn and drew away. Owner: Stotler Brothers LLC. Breeder: Robert Clark.

NASTY EXCHANGE (03 f. o/o Blueberry Paige, by Maria's Mon) won by a length and a half going 6 f. at Laurel Racecourse on Sept. 28. She's been first or second in five of her nine starts and earned $75,265. Owner: Home Team Stables. Breeder: Anna Mortellite.

Exchange Rate's third stakes-winning 2-year-old filly of 2007 is ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer), who won the $200,000 Happy Ticket S. going 1-1/16 m. on the turf at Louisiana Downs on Sept. 22 by two and a half lengths. The chart notes "confidently handled while off the pace, lodged a bid between foes when straightened for home and drove clear." She has two wins in three starts and has earned $174,450. Owner: Zayat Stables. Breeder: Padua Stables.

SWEET EXCHANGE (04 f. o/o Eishrela, by Night Shift) was third in the $100,000 Judy's Red Shoes S. going 1-1/16 m. on the turf at Calder Racecourse on Sept. 22, beaten just a length and a neck for the win. This was her fifth stakes performance and she's earned $115,695. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

SWAP FLIPAROO (03 f. o/o Fliparoo, by Buckaroo) was third in the Beautiful Pleasure S. going 1-1/16 m. at Belmont on Sept. 26. The Grade I stakes winner has earned $648,840, and this was her fifteenth stakes performance. Owner / Breeder: Hobeau Farm.

Exchange Rate's eighth 2-year-old winner of 2007 (along with two juvenile stakes winners ­ both of which are undefeated fillies) is MADONNA MIA (05 f. o/o Juliet's Way, by Farma Way) won her second career start, a 6 f. maiden special at Remington Park on Sept. 14 by two and a quarter lengths. She's earned 14,706. Owner / Breeder: Padua Stables.

EUROPIUM (04 f. o/o Just Bet On Me, by Darn That Alarm) won a 1-1/16 m. allowance at Delaware Park on Sept. 15 by three and a half lengths. She's earned $74,710. Owners: Timothy Cunningham & Michael Petro. Breeder: Westbury Stables.

SCOUTIE (03 g. o/o Spectacular Image, by Spectacular Bid) won by a length and three-quarters going a mile at Mountaineer on Sept. 16. He's earned $76,962. Owners: Paul Cianci and Ken Grossman. Breeder: August Moon Farm.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall) won the Clasico Eduardo Cautina Insua-GIPR in Puerto Rico on Sept. 9 by five and a half lengths. She's undefeated in four career starts, and she has won those four races by a total of thirty-three lengths! Owner: E. R. Stud. Breeder: Padua Stables.

XCHANGER (04 c. o/o Saragoza, by Crafty Prospector) was second, missing by a neck, in the $1,000,000 Pennsylvania Derby-G2 going 1-1/8 m. at Philadelphia Park on Sept. 3. He's earned $669,990. Owners: Circle Z Stable & Joseph Masone & Mark Shuman. Breeder: Oscar Martinez.

SWEET EXCHANGE (04 f. o/o Eishrela (GB), by Night Shift) won the Ravolia S. going a mile on the turf at Calder on Sept. 2 by a half length. She angled out and rallied to take over inside the eighth pole, and withstood a late challenge to make her earnings $96,995. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

Zee Zee (05 f. o/o Emblem of Hope, by Dynaformer) was second in the $80,000 With Anticipation S. going 1-1/16 m. on the turf at Saratoga on August 31. She checked on the first turn angled out entering the stretch, had to check again and then finished well to be second. It was her second career start and she's earned $54,450. Owner: Zayat Stables LLC. Breeder: Padua Stables.

L DA VINCI (03 g. o/o Debt Free, by Fly So Free) won by a neck going 6 f. at Calder Race Course on August 27. He's earned $34,145. Owners: Raymond Di Pasquale & Jim Graham. Breeder: Padua Stables.

Exchange Rate's seventh 2-year-old winner of 2007 is FULL EXCHANGE (05 f. o/o Gartshore, by Full Pocket), who won a 5 f. maiden at Calder Race Course on August 17 by a half length. In three starts, she's earned $25,760. Owner / Breeder: Richard J. Ciardullo, Sr.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall) remained undefeated with her third win in as many starts when she won a 6 f. handicap at Camarero on August 17 by three lengths. Owner: E.R. Stud. Breeder: Padua Stables.

COACH KNOWS BEST (04 g. o/o Dancing With Fire, by Woodman) won by a length going 6 f. at Arlington Park on August 23. This was his third win this year and he's earned $53,550. Owners: Lee Battaglia & James P. Divito. Breeder: Padua Stables.

MARIANITA (05 f. o/o Lady Barronette, by Summer Squall) won a 6-1/2 f. handicap in Puerto Rico on August 3 by eleven lengths. She now has two wins from two starts and the winning margins add up to seventeen and three-quarter lengths!!! Owner: E.R. Stud. Breeder: Padua Stables.

ZEE ZEE (05 f. o/o Emblem of Hope, by Dynaformer) won her career debut, a 1-1/16 m. turf maiden special at Saratoga on August 6, by a neck. She was steadied on the first turn and raced well off the pace going down the backside, but accelerated on the far turn, took the lead at the eighth pole and battled to wire for the win. She earned $37,800. Owner: Zayat Stables, LLC. Breeder: Padua Stables.

AFFECTION (04 f. o/o Sally Ellis, by Mr. Greeley) won a 5-1/2 f. maiden special at Canterbury Park on August 3 by seven and three-quarter lengths. She's now earned $19,020. Owner: SEJ Stables, Inc. Breeder: Padua Stables.

RAPTUROUS (03 f. o/o For Openers, by Opening Verse) won a mile allowance at Fair Meadows Tulsa on July 26 by two lengths. She has won or placed in sixty percent of her starts and earned $42,324. Owner: Joe D. Casey. Breeder: Padua Stables.

EXCHANGING FIRE (04 f. o/o Shooting Fire, by Caveat) won the $60,000 Serena's Song S. going a mile and 70 yards at Monmouth on July 21, by two and three-quarter lengths. She set all the fractions, widened her margin coming into the stretch and "maintained a safe margin to the wire." It's her second stakes win this year, she's been first or second in nine of her 13 starts and she's earned $149,455. Owner: Kenwood Racing LLC. Breeder: Acclaimed Racing Stable.

Sweet Exchange (04 f. o/o Eishrela (GB), by Night Shift) was second, beaten a neck, in the $50,000 Noble Robyn S. going 1-1/16 m. on the turf at Calder Racecourse on July 21. She stalked the pace in fourth, slipped through on the inside to almost reach even terms in midstretch, but was edged to the wire. This is her third stakes performance this year and she's earned $64,995. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

The fifth 2-year-old winner this year for Exchange Rate is MARIANITA (05 f. o/o Lady Barronette, by Summer Squall), who won her career debut, a 5 f. maiden special at El Camarera Racetrack on July 23 by six and three quarter lengths. Owner: E. R. Stud. Breeder: Padua Stable.

The fourth graded stakes winner of 2007 for Exchange Rate is XCHANGER (04 c. o/o Saragoza, by Crafty Prospector), who won the $300,000 Barbaro S.-G3 going 1-1/16 m. at Delaware Park on July 15 by a length. He stalked the pace, took the lead after six furlongs, and held off a late challenge in the stretch. This is his fifth stakes performance and he's earned $471,990 in ten starts. Owners: Circle Z Stable, Joseph Masone, and Mark Shuman. Breeder: Oscar Martinez.

RATED FIESTY (05 f. o/o Fiesty Countess, by Count the Time) won the $111,000 Debutante S.-G3 at Churchill Downs on July 7 by six and a half lengths. She set all the fractions and powered clear in the stretch even though her rider kept her under wraps. She's undefeated in three starts (having won her career debut at Keeneland and defeated colts in the Kentucky Breeders' Cup S.-G3 during Derby Week) and has earned $204,291. Owners: Heiligbrodt Racing Stable & JMJ Racing. Breeder: Heiligbrodt Racing Stable.

SWAP FLIPAROO (03 f. o/o Fliparoo, by Buckaroo) was third in the $150,000 First Flight H.-G2 on July 8 - for the second year in a row. The Grade I stakes winner has earned $629,662 and this is her fourteenth stakes performance. Owner/Breeder: Hobeau Farm.

SCOUTIE (03 g. o/o Spectacular Image, by Spectacular Bid) won by three and a quarter lengths going a mile at Mountaineer Park on July 6. He has seven wins to his credit and has earned $68,089. Owner: Full Throttle Stables, LLC. Breeder: August Moon Farm.

Exchange Rate now has four winners and two horses to place out of six starters from his 2-year-old crop, after WAYWARDWILLIE (05 c. o/o Guiding Principle, by Ghazi) was second in his career debut, a 5 f. maiden at Calder Racecourse on June 29, beaten just a length. He rated off the pace after hitting the gate at the start, angled out for the drive and rallied for the placing. Owner: William P. Clapp.

The seventh stakes winner this year for Exchange Rate is EXCHANGING FIRE (04 f. o/o Shooting Fire, by Caveat), who won her stakes debut on June 23. She won the $60,000 Without Feathers S. going a mile at Monmouth Park by five and three-quarter lengths. She's earned $113,455 and been first or second in eight of her 12 starts. Owner: Kenwood Racing LLC. Breeder: Acclaimed Racing Stable.

COACH KNOWS BEST (04 g. o/o Dancing With Fire, by Woodman) got up late to win by a neck going 7 f. on the all weather track at Arlington Park on June 21. He's earned $41,820. Owners: Lee Battaglia and James P. Divito. Breeder: Padua Stables.

ENCANTO PARK (05 f. o/o Sovietica (GB), by Soviet Star) won a 5 f. maiden special at Canterbury Park on June 9 by a head. Owner: Carliwood Farms. Breeder: Cashel Stud, Inc. & Tom Zweisler.

FULL EXCHANGE (05 f. o/o Gartshore, by Full Pocket) was third in her career debut, a 2 f. maiden special at Calder Race Course on July 9. She was beaten just a head for second despite breaking awkwardly, then being steadied and rallying from fifth at the top of the stretch. Owner/Breeder: Richard J. Ciardullo, Sr.

Exchange Rate now has four winners and one horse to place out of five starters from his 2-year-old crop, and one is the Grade 3 stakes winner RATED FEISTY.

Shimmering Sunset (03 f. o/o Shimmering Night, by Meadowlake) was third in the $45,000 Hoist Her Flag S. going 6 f. at Canterbury Park on June 2. She pressed the pace, and held on for the show position. She's earned $92,410. Owner: SEJ Stables, Inc. Breeder: Padua Stables.

Cheoilucas (04 c. o/o Broken Moon, by Farma Way) won by a length and a quarter going 6-1/2 f. at El Commandante on June 2. He has five wins and has earned $36,140. Owner: Santa Rita Racing. Breeder: Padua Stables.

DRESSED TO WIN (04 f. o/o Jacket Required, by Black Tie Affair (IRE)) won a mile turf maiden at Belmont Park on May 25 by four and three-quarter lengths. Owner: Patsy C. Symons. Breeder: Padua Stables.

SCOUTIE (03 g. o/o Spectacular Image, by Spectacular Bid) won by five and three-quarter lengths going a mile at Mountaineer Park on May 29. Owner: Full Throttle Stables. Breeder: August Moon Farm.

Sweet Exchange (04 f. o/o Eishrela (GB), by Night Shift) was second in the $50,000 Lulu's Ransom S. going a mile at Calder Racecourse on May 20. She stalked the pace along the rail and finished "with good courage for the place," beaten a length and a half for the win. She ran third in the $50,000 Harmony Lodge S. at Calder just eight days earlier, going 6-1/2 furlongs. Owner: Liz Gari. Breeder: Jamie Rooney Tucker.

SANTA FE QUEEN (04 f. o/o Ms Rancho Santa Fe, by Personal Hope) won a 6 f. maiden at Canterbury on May 19 by a length and three-quarters after setting all the fractions. Owner: SEJ Stables. Breeder: Padua Stables.

CHEOILUCAS (04 g. o/o Broken Moon, by Farma Way) won by two and three-quarter lengths going 6 furlongs at Camarero Race Track. Owner: Santa Rita Racing. Breeder: Padua Stables.

CHOLLY MURRILL (03 c. o/o Sachi, by Taylor's Special) won a 7 f. maiden at Charles Town on May 18 by two and three-quarter lengths. He set all the fractions and drew off from the field in the last sixteenth. Owner: Harold G. Clark. Breeder: Catherine S. Westbrook.