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.
                       6/04/07              500-           51.1784
                       6/01/07           58,000-             *DO
                       5/25/07              300-             *DO
                       5/21/07            2,000-           48.2000
                       5/17/07            5,000-           48.2131
                       5/17/07              100-           47.8000
                       5/16/07            4,000-           48.0050
                       5/15/07            3,900-           48.3095
                       5/11/07            9,100-           48.2132
                       5/10/07            1,800-           47.8033
                       5/09/07            3,200-           47.8404
                       5/02/07              400            47.3900
                       4/26/07              500-           48.3380
                       4/25/07              100-           46.8000
                       4/23/07            2,136-             *DO
                       4/13/07              500-           44.8800
           GABELLI FUNDS, LLC.
               GABELLI ASSET FUND
                       5/24/07              800            49.7000

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

(2) PRICE EXCLUDES COMMISSION.

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