02/24/2005 1:00AM

Dorothy Scharbauer dead


Dorothy Scharbauer, the co-owner Alysheba, winner of the 1987 Kentucky Derby and Horse of the Year in 1988, died early Wednesday at her home in Midland, Texas. She had battled pancreatic cancer and was 73.

Scharbauer raced Alysheba with her daughter, Pamela. At 3, Alysheba won the Kentucky Derby and Preakness before finishing fourth in the Belmont. The next year, he won six Grade 1 stakes, including the Breeders' Cup Classic, en route to his Eclipse Award as Horse of the Year. Alysheba earned $6,679,242 during his career, which made him the all-time leading earner in North America until the record was broken by Cigar in 1996.

Scharbauer owned Valor Farm in Pilot Point, Texas, with her husband, Clarence, who survives her along with four children. Scharbauer's father, the late Fred Turner Jr., raced the 1959 Kentucky Derby winner, Tomy Lee.

A memorial service will be held Saturday at the First Presbyterian Church in Midland at 4 p.m. Central.