The 1998 True Value 500 was Round 4 of the 1998 Pep Boys Indy Racing League. The event was held at Texas Motor Speedway in Texas, United States on 6 June 1998. Tony Stewart started on pole position and Billy Boat was the race winner.
TRUE VALUE 500 Race Result
| Pos. | No. | Driver | Chassis | Engine | Tire | Started | Laps | Total Time | Laps Led | Status | Points | Avg. Speed | Pit Stops |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 11 | Billy Boat | Dallara | Oldsmobile | Goodyear | 2 | 208 | - | 108 | Running | 54 | 145.388 | - |
| 2 | 97 | Greg Ray | Dallara | Oldsmobile | Firestone | 14 | 208 | - | 1 | Running | 40 | - | - |
| 3 | 14 | Kenny Brack | Dallara | Oldsmobile | Goodyear | 11 | 208 | - | 0 | Running | 35 | - | - |
| 4 | 4 | Scott Goodyear | G-Force | Oldsmobile | Goodyear | 7 | 208 | - | 11 | Running | 32 | - | - |
| 5 | 8 | Scott Sharp | Dallara | Oldsmobile | Goodyear | 9 | 208 | - | 0 | Running | 30 | - | - |
| 6 | 3 | Robbie Buhl | Dallara | Oldsmobile | Firestone | 3 | 207 | - | 0 | Running | 29 | - | - |
| 7 | 6 | Davey Hamilton | G-Force | Oldsmobile | Goodyear | 15 | 207 | - | 0 | Running | 26 | - | - |
| 8 | 16 | Marco Greco | G-Force | Oldsmobile | Firestone | 5 | 205 | - | 0 | Running | 24 | - | - |
| 9 | 52 | Robby Unser | G-Force | Oldsmobile | Goodyear | 27 | 204 | - | 0 | Running | 22 | - | - |
| 10 | 19 | Stan Wattles | Riley & Scott | Oldsmobile | Goodyear | 26 | 198 | - | 0 | Running | 20 | - | - |
| 11 | 91 | Buddy Lazier | Dallara | Oldsmobile | Goodyear | 23 | 194 | - | 0 | Wheel Bearing | 19 | - | - |
| 12 | 81 | Tyce Carlson | Dallara | Oldsmobile | Firestone | 28 | 191 | - | 0 | Running | 18 | - | - |
| 13 | 5 | Arie Luyendyk | G-Force | Oldsmobile | Firestone | 4 | 178 | - | 29 | Running | 17 | - | - |
| 14 | 1 | Tony Stewart | Dallara | Oldsmobile | Firestone | 1 | 176 | - | 57 | Split Rad. Tank | 19 | - | - |
| 15 | 12 | Buzz Calkins | G-Force | Oldsmobile | Goodyear | 10 | 172 | - | 0 | Running | 15 | - | - |
| 16 | 10 | John Paul Jr. | G-Force | Oldsmobile | Firestone | 12 | 169 | - | 0 | Running | 14 | - | - |
| 17 | 35 | Jeff Ward | G-Force | Oldsmobile | Goodyear | 13 | 165 | - | 2 | Engine | 13 | - | - |
| 18 | 99 | Sam Schmidt | Dallara | Oldsmobile | Firestone | 24 | 163 | - | 0 | Running | 12 | - | - |
| 19 | 44 | J.J. Yeley | Dallara | Infiniti | Firestone | 22 | 162 | - | 0 | Running | 11 | - | - |
| 20 | 27 | Billy Roe | Dallara | Oldsmobile | Firestone | 25 | 108 | - | 0 | Running | 10 | - | - |
| 21 | 28 | Mark Dismore | Dallara | Oldsmobile | Goodyear | 6 | 70 | - | 0 | Accident | 9 | - | - |
| 22 | 40 | Jack Miller | Dallara | Infiniti | Firestone | 21 | 38 | - | 0 | Engine | 8 | - | - |
| 23 | 15 | Eliseo Salazar | Riley & Scott | Oldsmobile | Goodyear | 18 | 32 | - | 0 | Engine | 7 | - | - |
| 24 | 21 | Roberto Guerrero | Dallara | Oldsmobile | Goodyear | 8 | 4 | - | 0 | Accident | 6 | - | - |
| 25 | 77 | Stephan Gregoire | G-Force | Oldsmobile | Goodyear | 16 | 4 | - | 0 | Accident | 5 | - | - |
| 26 | 51 | Eddie Cheever Jr. | Dallara | Oldsmobile | Goodyear | 20 | 4 | - | 0 | Accident | 4 | - | - |
| 27 | 98 | Donnie Beechler | G-Force | Oldsmobile | Firestone | 17 | 4 | - | 0 | Accident | 3 | - | - |
| 28 | 30 | Raul Boesel | G-Force | Oldsmobile | Goodyear | 19 | 4 | - | 0 | Accidrnt | 2 | - | - |