Sunday, May 1, 1988 – Phil Parsons, younger brother of 1973 NASCAR premier series champion Benny Parsons, scored his first career victory in the series with a win in the Winston 500 at Alabama International Motor Speedway (now Talladega Superspeedway). It was the 111th career start for Parsons, 30. Third-fastest in qualifying, Parsons led 52 laps in the 188-lap race in his No. 55 Oldsmobile, including the final 15. Bobby Allison, Geoff Bodine, Terry Labonte and Ken Schrader completed the top five.
• A.J. Foyt, an infrequent NASCAR competitor through the years, was suspended for six months by the sanctioning body and fined $5,000 for “conduct detrimental to the sport.” Foyt was involved in an on-track incident with fellow driver Alan Kulwicki under caution, ignored NASCAR directives, was black flagged and allegedly swerved at officials when coming to pit road and the garage.
• NASCAR officials eventually lifted the Foyt suspension, however his fine was increased from $5,000 to $7,500. In addition, he was placed on probation for two races.
• Parson’s Talladega victory, which came with car owners Richard and Leo Jackson, was his only win in the premier series although he made 92 more starts through 1997.