SCHEDULE II
                            INFORMATION WITH RESPECT TO
                 TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                 SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
                                     SHARES PURCHASED     AVERAGE
                        DATE             SOLD(-)          PRICE(2)
 COMMON STOCK-CHURCHILL DOWNS INC
          GAMCO ASSET MANAGEMENT INC.
                      10/05/05           14,859            34.7932
                      10/04/05            7,075            35.8520
                      10/04/05              400            35.8000
                      10/03/05            3,400            35.5846
                       9/30/05              420            35.2569
                       9/30/05              500            35.1000
                       9/29/05            2,700            34.9365
                       9/29/05              480            35.0325
                       9/29/05              800            34.8925
                       9/29/05            3,100            35.0000
                       9/29/05            3,500            34.9957
                       9/29/05            7,720            34.9969
                       9/28/05            3,165            35.0000
                       9/28/05            1,000            34.9997
                       9/27/05              300            34.9695
                       9/26/05              200            35.0000
                       9/26/05            7,700            34.7930
                       9/26/05            1,000            34.5690
                       9/23/05            5,000            33.5104
                       9/20/05              400            36.5600
                       9/20/05            4,700            37.4699
                       9/20/05            1,000            37.6500
                       9/20/05            2,000            36.6701
                       9/19/05              300            37.4700
                       9/19/05            1,000            37.3700
                       9/16/05              200            36.9910
                       9/14/05            6,900            36.9944
                       9/14/05              300            36.9847
                       9/14/05              700            37.0000
                       9/14/05              500            36.9860
                       9/14/05              200            36.9850
                       9/14/05              300            36.9900
                       9/14/05              200            36.8500
                       9/14/05              200            36.8600
                       9/14/05            2,800            36.9482
                       9/14/05              300            36.9767
                       9/14/05              500-           37.0000
                       9/13/05            2,700            37.8652
                       9/13/05              200            37.5568
                       9/12/05              300            38.0000
                       9/09/05            1,000            37.7700
                       9/09/05            7,000            38.0360
                       9/09/05            5,000            38.0000
                       9/07/05              889            38.7956
                       9/06/05              500            39.0000
                       9/06/05            2,000            38.7895
                       9/06/05            1,611            38.8179
                       9/01/05              500            39.4600
                       8/29/05            2,000            39.2465
                       8/29/05            5,134            39.0646
                       8/26/05            1,766            39.7978
                       8/25/05              200            39.9950
                       8/24/05            1,600            40.1491
                       8/24/05              600            40.1000
                       8/24/05            5,100            40.4000
                       8/23/05            3,400            40.1500
                       8/22/05              200            39.8200
                       8/22/05            1,000            40.0183
                       8/22/05              300            40.3394
                       8/19/05            3,600            39.7813
                       8/18/05              300            39.5200
                       8/18/05              633            39.5048
                       8/17/05            2,867            39.6231
                       8/17/05            2,000            39.8609
                       8/11/05            2,000            39.8536
                       8/11/05            3,800            39.9261
                       8/09/05              500            39.9800
                       8/08/05            6,000            39.8117
           GABELLI FUNDS, LLC.
               GABELLI SMALL CAP GROWTH FUND
                       9/01/05            3,500            39.4454
               GABELLI ASSET FUND
                       9/14/05            4,000            37.1063
                       9/14/05            4,000            37.1000
                       9/14/05            4,000-           37.1000
               GABELLI CAPITAL ASSET FUND
                      10/03/05            4,000            35.5481
                       9/14/05            3,000            37.1000
                       9/14/05            3,000            37.0917
                       9/14/05            3,000-           37.1000

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NASDAQ NATIONAL MARKET.

(2) PRICE EXCLUDES COMMISSION.

(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.