Ogden Mills Phipps:
Good morning, ladies and gentlemen, welcome to the 63rd Annual Round Table. I've made that same sentence 32 times. We appreciate your interest in Thoroughbred breeding and racing, and whether you're sitting here in the ballroom in Saratoga or watching over live video stream from another state or even another country, in the next two hours you'll hear a lot about the many challenges facing our industry and just as much about the significant steps The Jockey Club and other organizations are taking to overcome these obstacles. The booklet on every seat today also describes many other services of the The Jockey Club and its affiliated companies.

We are proud of what the The Jockey Club has built over the last three decades to better serve various factions of our Thoroughbred industry. We're especially excited about one of our new properties, the Blood-Hosre, since The Jockey Club Information Systems purchased controlling interest of it in February.

Today we're extremely honored to have Governor Beshear of Kentucky and Edwin Moses of USADA with us to share some of their experiences and perspectives. I'd also like to thank Congressman Paul Tonko for being here with us today and for his interest in commitment to our industry. We hear more about that legislation that Congressman Barr and Congressman Tonko recently proposed later in the program.

As you may have read or heard, I stepped down as chairman of The Jockey Club. Yesterday our board of stewards elected Stuart Janney to succeed me. Stuart shares my passion for the sport and he'll do an excellent job in that role. You'll hear from him later in the program. We'll start as we always do with a report on the activities of The Jockey Club and Jason Wilson will do that today. Jason?