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Nearly 100 yachts from New York, New England, San Francisco and Europe crossed the starting line for this the 149th edition of this regatta, now a two-day three-race event.

There were eight 12-Meters, four of which Columbia, Intrepid, Courageous and Freedom have won six America's Cups, and 14 of 63 DaimlerChrysler North Atlantic Challenge yachts. This included the noteworthy Zephyrus V, an 86-foot water-ballasted sled from San Francisco.

On Saturday in a light southerly wind complete with rain, one race was sailed. On Sunday, in a light northeasterly breeze, but with a suggestion of sun, two races were completed.

According to preliminary results, Blue Yankee, skippered by Robert C. Towse Jr., won all three races in IMSR Class 1; Talisman, Marko Birch, won IMSR Class 2; Nova, Mark DiStefano, had three firsts to win IMSCR Class 3; Mutiny, skippered by Gibbs Kane Jr., won ACAP Class 4; Crescendo, Martin Jacobson, ACAP Class 5; Arcadia, skippered by Commodore Robert G. Stone Jr., won all three races in NYYCCR Class 6; Riot, Marc Ewing, won the Farr 40 class; Hissar, Edgar Cato, won the 12-Meter Class with three firsts; Pretty Sketchy, Thomas Enright, won the J105 Class; Temptress, Richard Shulman, won IMSCR Class 4 and Cygnette, William Mayer, won all three races in IMSCR Class 5.