03/14/2002 1:00AM

Hallowed Dreams out with touch of colic

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NEW ORLEANS - Hallowed Dreams was not entered Thursday in Saturday's Victoria Lass Handicap, a race in which she was expected to start as a heavy favorite.

Hallowed Dreams was considered a likely starter in the Victoria Lass as late as Wednesday, but trainer and co-owner Lloyd Romero told Fair Grounds officials Thursday morning that Hallowed Dreams had come up with a touch of colic. Romero, who could not be reached for comment Thursday, said Hallowed Dreams will recover, but will not race this weekend.

For the first time in her career, Hallowed Dreams is coming off consecutive losses, both at Fair Grounds. A winner in 25 of 29 career starts, Hallowed Dreams beat one horse when she finished ninth in the Louisiana Champions Day Sprint, and was second, beaten three-quarters of a length in the Feb. 9 Pan Zareta Handicap. My Brent's Diamond, the filly that beat Hallowed Dreams, has since been retired.

Hallowed Dreams, who trains with Romero at Evangeline Downs, has worked once since the Pan Zareta, breezing five furlongs in 1:00.03 on March 2.

Pondering Dollar Bill's next move

Dollar Bill appears to have come out of an allowance win last Friday in good order, but trainer Dallas Stewart still is not certain where the colt will start next. Stewart said there are three possibilities: another allowance race, the Ben Ali at Keeneland, or the Oaklawn Park Handicap.

"We're training him along out of the race," Stewart said. "We'll wait and see how he works back, but he seems to be in good shape, knock on wood."

Stewart said Dollar Bill probably will work again on Monday.

The allowance win was Dollar Bill's first start since the Travers Stakes last summer in which he finished third, and his first race since undergoing surgery to remove a bone chip late last summer. Friday, he was all out to beat the former claimer Storm Cruiser by a neck, though Dollar Bill had a right to be rusty and showed grit to prevail after a protracted stretch battle.

Meanwhile, Stewart is considering the Lexington Stakes next month at Keeneland as a possible spot for Bob's Image's next start. Bob's Image, second in the Risen Star Stakes, finished seventh in the Louisiana Derby, where he was the second choice in the betting. Unlike the Risen Star, in which he left the gate running and set a fast pace, Bob's Image got away slowly and was rated in the Louisiana Derby, and the gelding flattened out in the stretch run.

"I wish we could run the race again this week, he came out of it so good," Stewart said.

No Explosive Bid for Where's Taylor

Trainer Hilary Pridham said she's passing the Explosive Bid Handicap with Where's Taylor, her stable star, and will instead point for a start in the Maker's Mark Mile next month at Keeneland. Where's Taylor, who won the Mardi Gras Handicap in his last start, put in a strong half-mile work here Sunday. "I'm just trying to keep him happy," said Pridham.

Where's Taylor finished second in the Explosive Bid two seasons ago, but has since proven himself to be a stronger horses in races shorter than the Explosive Bid, which is run at 1 1/8 miles.

The Explosive Bid is coming up a tough race, anyway, with several top turf horses expected to ship in from both coasts. Hap, North East Bound, Profit Option, and Pisces are expected to come from Florida, while Beat Hollow, Irish Prize, Sarafan, and perhaps horses from the Vladimir Cerin and Darrell Vienna stables, will be in from California.

* With about two weeks left in the Fair Grounds meet, Eddie Martin is poised to collect his first riding title. Through last week's racing, Martin led Robby Albarado by 16 wins. As it did last year, the trainer's race is likely to come down to the wire. Tom Amoss and Steve Asmussen tied last year, and the pair is battling again, with Asmussen up three wins through last week.