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For 50 years, Chevrolet Corvette has represented American performance. In 2002, Corvette also led the pack at two important racing venues: the Indy Racing League (IRL) and the 86th running of the Indianapolis 500. In its IRL pace duties, Corvette wore a two-tone white and Millennium Yellow paint scheme with checkered-flags graphics forming a V for victory.
The L84 was the most powerful 327 available for the 1965 Corvette thanks to its Ram-Jet Fuel Injection which was an expensive $538 option. For competition, race customers had a range of options available to them including the N03 36-Gallon Fuel Tank, closer rear axle ratios and the C48 Heater/Defroster Delete (-100).