Randy Matthews

Like countless owners, Marshall Gramm has a race circled on the first Saturday in May. But it's not the "Greatest Two Minutes in Sports," aka the Kentucky Derby. Gramm's affection is for a race that lasts approximately three minutes, a 1 3/4-mile event at Oaklawn Park with a history, albeit, esoteric, of its own. The "Trail's End," a starter-allowance marathon, is traditionally the final race each season at Oaklawn, the Hot Springs, AR, venue that opened in 1905. The 1 3/4-mile race debuted in 1972 and has been won the...