As Chevrolet continued to refine the fourth-generation Corvette, and as the model continued to evolve into a higher-performance variant of its former self, it was decided that the Corvette would once again lead the 1995 Indianapolis 500 race field. It marked the third time that the marque was selected to serve as the official pace car of the event. It also marked the second time that Chevrolet would offer a limited-edition 1995 Corvette Pace Car replica to consumers the world over.
The actual Corvette Pace Car that served at the 79th running of the Indianapolis 500 was a near-stock LT1 Corvette Convertible, except for the mandatory safety features that were required by the Indianapolis Motor Speedway. The Official Pace Car cam equipped with strobe lights, a special roll-bar, five-point safety harnesses for the driver and passenger and an on-board fire suppression system. Chevrolet built just three of the actual pace cars. Two came equipped with an automatic transmission and the third came equipped with a six-speed manual gearbox.
