UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                     FORM 15

   CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(G)
  OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS
      UNDER SECTIONS 13 AND 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934.

                        Commission File Number: 001-13925

                      CHAMPIONSHIP AUTO RACING TEAMS, INC.
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             (Exact name of registrant as specified in its charter)

    5350 LAKEVIEW PARKWAY DRIVE, INDIANAPOLIS, INDIANA 46268, (317) 715-4196
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    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                     COMMON STOCK, $0.01 PAR VALUE PER SHARE
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            (Title of each class of securities covered by this Form)

                                      NONE
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       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)

         Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

           Rule 12g-4(a)(1)(i)   [X]            Rule 12h-3(b)(1)(i)     [X]
           Rule 12g-4(a)(1)(ii)  [ ]            Rule 12h-3(b)(1)(ii)    [ ]
           Rule 12g-4(a)(2)(i)   [ ]            Rule 12h-3(b)(2)(i)     [ ]
           Rule 12g-4(a)(2)(ii)  [ ]            Rule 12h-3(b)(2)(ii)    [ ]
                                                Rule 15d-6              [ ]


     Approximate number of holders of record as of the certification or notice
date: None
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         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Championship Auto Racing Teams, Inc. has caused this
certification/notice to be signed on its behalf by the undersigned duly
authorized person.



Date:  February 28, 2006            By:   /s/ Christopher R. Pook
                                          -----------------------
                                    Name: Christopher R. Pook
                                    Title: President and Chief Executive Officer