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INSCO IN BAD SHAPE HOMEWOOD, 111., June 13.— The three-year-old Insco came out of his race Friday more seriously disabled than first estimates indicated. Examination by Dr. Southard revealed a fracture and ligaments so badly ruptured that Southard recommended his destruction. It was said that Griffin Wat-kins, owner of the Sir Galahad III. three-year-old, has him heavily insured.