The Chevrolet Corvette 1998 Indy 500 Pace Car was a limited edition variant of the C5 Corvette that was offered for the 1998 model year. Created to celebrate the use of the C5 Corvette as the pace car for the 1998 Indianapolis 500, the 1998 Pace Car Edition was only offered in a convertible body style that was painted in Rader Blue with pace car graphics, and featured a distinctive black and yellow interior. These cars were powered by Chevrolet's LS1 engine, which was a 5.7L V8 with an output of 345hp that drove the rear wheels through a 6 speed manual or 4 speed automatic transmission. Only a total of 1,163 examples of the 1998 Chevrolet Corvette Indy 500 Pace Car were built, with 547 featuring the manual transmission, and 616 featuring the automatic.