This was run on Thursday 24th May 1798 and 10 ran from an initial 37 subscribers. The winner won £1,233 15s, the equivalent of £1,280,000 today.

THE DERBY 1798

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Pos. Horse Jockey Owner
1 SIR HARRY S.Arnull Mr J Cookson
2 TELEGRAPH ----- Mr Baldock
3 YOUNG SPEAR ----- Mr Delme
4 COLT BY PRECIPITATE ----- Lord Egremont
Also

ADMIRAL NELSON

----- Lord Grosvenor
Also BROTHER TO WAXY ----- Lord Grosvenor
Also BROTHER TO RECRUIT ----- Lord Clarendon
Also SHEET ANCHOR ----- Mr Durand
Also SPARROWHAWK ----- Mr Concannon
Also YOUNG JAVELIN ----- Mr Perren
7/4 Sir Harry
3/1 Colt by Precipitate
6/1 Admiral Nelson
8/1 Young Spear
100/3 Telegraph