Hylton enters Daytona aged 72

The former race winner, 72, last started a Cup race in 1993, but he had a brief outing in the Busch Series at Milwaukee last year where he retired after four laps with brake problems.

Hylton has acquired a car and engine package from Richard Childress Racing, and he believes he has a genuine chance of running competitively.

"I have never been able to come to Daytona with a well-financed operation and a first-rate car," he said.

"At my age, the odds against me are astronomical but it's a challenge and I love a good challenge."

Hylton has raced at Daytona 36 times, including 15 starts in the 500. His best career finish in the race came in 1967, when he finished third in a 1965 Dodge.

"I have always wanted to race the 500 and not be limited by budget constraints and even though it has taken over 40 years, I am finally at that position," he said.

Hylton intends to enter the car in 19 Nextel Cup races during 2007, with Damon Lusk taking over the driving duties after the season-opener.