Leading the Parade, a stakes-placed son of A.P. Indy out of grade I winner and champion producer My Flag, has been retired and will stand in 2007 at Roy Lerman's Lambholm South near Reddick, Fla. His fee will be $3,500.The 5-year-old horse won two of 18 starts and earned $97,624. He finished third this year in the Wadsworth Memorial Handicap at Finger Lakes. In his final race, he ran seventh in the Sept. 9 Bob Harding Stakes at Monmouth.Leading the Parade was bred in Kentucky by Ogden Phipps and is from a top Phipps female family. His dam, My Flag, by Easy Goer, won the 1995 Breeders' Cup Juvenile Fillies (gr. I). Besides Leading the Parade, she is the dam of champion filly Storm Flag Flying (by Storm Cat) and graded stakes-placed On Parade (by Storm Cat).The second dam of Leading the Parade is unbeaten champion Personal Ensign, who also produced grade I winners Miner's Mark and Traditionally and grade I-placed Our Emblem (all by Mr. Prospector).