Millionaire Red Bullet, whose victory in the 2000 Preakness Stakes (gr. I) came over Kentucky Derby (gr. I) winner Fusaichi Pegasus, is scheduled to enter stud next year at Frank Stronach's Adena Springs Kentucky near Midway. A Stronach homebred, the 5-year-old son of Unbridled is in training at Belmont Park with Joe Orseno and is being aimed for the Nov. 30 Cigar Mile Handicap (gr. I) at Aqueduct. Red Bullet, who ran third in last year's Cigar Mile, has not started because of minor problems since finishing unplaced in the Gulfstream Park Handicap (gr. I) in March.Red Bullet's Preakness victory came in only his fifth start. He started out the 2000 season with three straight wins, including a triumph in the Gotham Stakes (gr. III) at Aqueduct, then ran second to Fusaichi Pegasus in the Wood Memorial Stakes (gr. II) three weeks before the Run for the Roses. Instead of running Red Bullet in the Derby, Stronach decided to bypass the race to give the horse some extra rest for the Preakness. Judging from his Preakness performance, the time off might have made all the difference. Unhurried in the early going in the 1 3/16-mile race under Jerry Bailey, Red Bullet took command in the upper stretch and finished 3 3/4 lengths in front of the Derby winner.Red Bullet was kept out of the June 10 Belmont Stakes (gr. I) three weeks later so as "not to squeeze the lemon dry," according to Orseno. He made his next start in the Dwyer Stakes (gr. II) in July at Belmont Park and finished third. In August, he was diagnosed with a slight stress fracture of a shin and missed the remainder of the year and part of 2001. He returned to the races at Saratoga and won an allowance race in 1:21.99 for seven furlongs. He next ran in the Woodward Stakes (gr. I), finishing unplaced, and closed out the year in the Cigar. He has failed to win in three starts this year.Red Bullet, who was produced from the Caro mare Cargo, has won five of a dozen starts and earned $1,125,800. A fee will be announced later.