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Runners In Suits and Ties Compete in Financial District

April 16, 1987

NEW YORK (AP) _ More than 900 people wearing suits and ties risked sweat-stained pinstripes to compete in the first ″Wall Street Rat Race,″ a 2 1/2 -mile run through the financial district.

″It needed to be cleaned, I figured I’d wear it now,″ said Frank McConville, inspecting his lightweight poplin suit after winning Wednesday’s race by finishing in 11 minutes, 31 seconds.

McConville, 23, was a cross-country star at Georgetown University and now trades bonds for Prudential Bache.

″I think it’s a great way to get people involved,″ the Staten Island resident said. ″You saw a lot of corporate types who just stepped outside and put on a number.

″You can’t be serious all the time - especially after watching the bond market all day.″

The race took a winding route through the canyons of lower Manhattan, including a short stretch on Wall Street, and finished at the South Street Seaport.

Organizers said it was a 4.01 kilometer race, or ″401 K″ in racing lingo, a reference to a tax form on the day taxes were due.

Pedestrians stopped and stared at the runners, all in business clothes and running shoes.

″A lot of runners tend to be very serious. This makes running more enjoyable,″ said Anne MacIsaac, 27, of Bayonne, N.J., who works for Shearson- Lehman Brothers Inc. in the World Trade Center.

The women’s champion, Gillian Horovitz, 31, of New York, is a serious marathoner who has won four races during the past 10 days.

″This was nice - there’s no pressure in a race like this,″ said the parttime bookkeeper and mother of 16-month-old twins.

Finishing a stride behind McConville was Gary Fanelli, 36, of Philadelphia, a two-time competitor in the Olympic Trials marathon who had run New York City Marathons dressed as a Blues Brother, a Ghost Buster and a New York Met.

″My idea is laugh, run and have fun,″ he said.

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