ARCADIA, Calif. (AP) _ Alysheba and Ferdinand, winners of the last two Kentucky Derbys, headed a field of five entered for Sunday's $1 million Santa Anita Handicap.

In post position order, the five entries were Super Diamond, to be ridden by Laffit Pincay and carrying 124 pounds; Alysheba, Chris McCarron, 126; Judge Angelucci, Eddie Delahoussaye, 123; Ferdinand, Bill Shoemaker, 127, and Temperate Sil, Jorge Velasquez, 117.

Masterful Advocate, a possible starter, was not entered, as trainer Joe Manzi decided to run him in an allowance race at a later date.

In what some might consider a surprise, Alysheba, winner of the 1987 Kentucky Derby and the Eclipse Award as the best 3-year-old colt or gelding of the year, was made the early favorite over 1987 Horse of the Year Ferdinand, who won the 1986 Kentucky Derby.

Alysheba was listed at 7-5 with Ferdinand at 8-5 despite the latter's narrow victory over Alysheba in the $3 million Breeders' Cup Classic last November.

Each has one outing since - Alysheba won the 1 1/4 -mile Charles H. Strub Stakes for 4-year-olds Feb. 7 and Ferdinand finished second to Judge Angelucci in the 1 1/8 -mile San Antonio a week later.

The Santa Anita Handicap is a 1 1/4 -mile race.

Charlie Whittingham, who trains Ferdinand, also saddles Temperate Sil and Judge Angelucci, who were listed at 4-1 and 15-1, respectively, in the morning line. Since the three have separate owners, they will run as separate betting entities.

Super Diamond, an 8-year-old gelding, was listed at 7-2.