The first foal from millionaire Kelly Kip was born Jan. 15 at Jack Dreyfus' Hobeau Farm near Ocala, Fla. Bred by Hobeau, the newborn filly was produced from the Polish Native mare Wave the Flag. Kelly Kip (Kipper Kelly--Marianne Theresa, by John's Gold), who raced as a homebred for Hobeau, stands at Barbara LaCroix' Meadowbrook of Ocala Jockey Club near Ocala.

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