SECURITIES AND EXCHANGE COMMISSION
                WASHINGTON, D.C. 20549


                     SCHEDULE 13G
       UNDER THE SECURITIES EXCHANGE ACT OF 1934

                  (Amendment No. 1)


         CHAMPIONSHIP AUTO RACING TEAMS, INC.
      -------------------------------------------
                  (Name of Issuer)


              COMMON STOCK $0.01 PAR VALUE
       -------------------------------------------
             (Title of Class of Securities)


                     158711101
            -------------------------------
                   (CUSIP Number)


                  MARCH 16, 2000
- -----------------------------------------------------------
  (Date of Event Which Requires Filing of this Statement)






Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:

          [x] Rule 13d-1(b)

          [ ] Rule 13d-1(c)

          [ ] Rule 13d-1(d)









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CUSIP No. 158711101

- -------------------------------------------------------------

1    NAME OF REPORTING PERSON: Bank of America Corporation

     IRS IDENTIFICATION NO. OF ABOVE PERSON: 560906609
- -------------------------------------------------------------

2    CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[](b)[]
- -------------------------------------------------------------

3    SEC USE ONLY
- -------------------------------------------------------------

4    CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- -------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5    Sole Voting Power: 0

6    Shared Voting Power: 0

7    Sole Dispositive Power: 0

8    Shared Dispositive Power: 0

- -------------------------------------------------------------

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY
     REPORTING PERSON: 0
- -------------------------------------------------------------

10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES [ ]
- -------------------------------------------------------------

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

     0% (corrected filing)
- -------------------------------------------------------------

12   TYPE OF REPORTING PERSON: HC
- -------------------------------------------------------------





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ITEM 1  (a) NAME OF ISSUER:

            Championship Auto Racing Teams, Inc.

        (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            755 West Big Beaver Rd., Suite 800
            Troy, MI 48084


ITEM 2  (a) NAME OF PERSON FILING:

            Bank of America Corporation

        (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:

            100 North Tryon Street
            Charlotte, NC  28255

        (c) CITIZENSHIP:

            United States

        (d) TITLE OF CLASS OF SECURITIES:

            COMMON STOCK, par value $0.01 per share

        (e) CUSIP NUMBER: 095811105


ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b)
OR 13d-2(b)OR (c), CHECK WHETHER THE PERSON FILING IS A:

(g) [x]   A parent holding company or control person in accordance
          with(S)240.13d-1(b)(1)(ii)(G)


ITEM 4 - OWNERSHIP

Not Applicable.


ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: X


ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:

Not Applicable.



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ITEM 7 - IDENTIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Not Applicable.


ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP:

Not Applicable.


ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:

Not Applicable.


ITEM 10 - CERTIFICATION.

After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.

DATED: March 16, 2000

Bank of America Corporation


BY: /s/ PETER J. BROWN




Peter J. Brown
Vice President
Corporate Compliance
















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