The following is astatement attributable to Steve Shannon, Executive Director, Marketing Services:

Oldsmobile will continue its full participation in the Indy Racing League's 2001 season. Oldsmobile is enthusiastically committed to its IRL program in 2001, and is looking forward to continuing its unprecedented winning record.

Looking beyond the 2001 season, General Motors continues to be committed to the long-term growth of open wheel racing through our involvement in the IRL and Indianapolis Motor Speedway.