New Orleans, LA (My Sportsbook) - Horse of the Year Rachel Alexandra, making her first start in six months, was defeated by Zardana in Saturday's $200,000 New Orleans Ladies at the Fair Grounds.

The 1 1/16-mile race had a field of five older females and was added to the Fair Grounds' stakes schedule earlier this year.

Owned by Jess Jackson and Hal McCormick, Rachel Alexandra broke from post two with Zardana in post three. Rachel was the 1-5 morning-line favorite and Zardana was the 5-1 second pick.

Setting the pace in the New Orleans Ladies was Fighter Wing with Rachel along side. The rest of the field was two or three lengths behind the two leaders.

Ridden by Calvin Borel, Rachel took the lead around the far turn as Zardana and jockey David Flores moved forward on the outside. Zardana and Rachel were together at the top of the stretch and the favorite appeared to have a short lead with a furlong to run.

Zardana took the lead with about 100 yards left, as Borel did not push Rachel to go past. Zardana registered a three-quarters length win over Rachel with Unforgotten finishing third followed by Fighter Wing and Clear Sailing.

"My little filly tried hard," Smith noted. "She needed the race, that's all. She needed the race more than anything. I wanted to let her run her race early but they wanted me to wait. I wanted to go on past the speed horse early (Fighter Wing). I'd have got by her anytime and my filly could have gone on but they wanted me to wait and not get into her until the sixteenth pole. You know how I know she's a real racehorse? She was beat when that other horse went by her, but she didn't quit. She dug in and fought right back and stayed with the winner the rest of the way. That's the kind of racehorse she is. My little filly tried her heart out. She just needed the race."

The time for the New Orleans Ladies was 1:43.55 on a fast track.

Rachel Alexandra, trained by Steve Asmussen, is scheduled to face Zenyatta next month in the $5 million Apple Blossom Invitational at Oaklawn Park.

"She was strong early and got tired," said Asmussen. "Very disappointing that she lost. You hate to be in that position, but now that it's over you know it's not something we got away with.

"I'm just disappointed she didn't win today. It was a lack in fitness and it's our job to have her there and I didn't do it."

Zardana is trained by John Shirreffs who also trains Zenyatta. Owned by Arnold Zetcher, Zardana has won eight of 19 lifetime starts for $428,421.

She was coming off a fourth-place finish to St Trinians in the Santa Maria Handicap. Zardana concluded 2009 with a win in the Bayakoa Handicap in December at Hollywood Park.

Zardana paid $21.00, $3.20 and $2.60. Rachel Alexandra, who was undefeated in 2009, returned $2.10 and $2.10, and Unforgotten paid $3.20 to show.