The former Maryland guard combination of John Lucas and Mo Howard proved it had lost none of its speed or savvy yesterday, leading the Reds over the Whites, 86-85, in the Chancellor's Cup alumni basketball game at Cole Field House.

The contest, played for the benefit of a scholarship fund for outstanding Maryland high school students, induced several thousand fans to return down memory lane as 20 former Terrapins stuffed often pudgy bodies into their old uniforms for 32 minutes of fun.

A unit of Lucas, Howard, Adrian Dantley (game-high 20 points), Darrell Brown (game-high nine rebounds) and Len Elmore tallied the first 12 points of the second half to give the Reds a 58-41 lead.

Kevin Grevey, one of three non-alumni in the games, poured in 12 fourth-quarter points for Tom McMillan's White squad to cut the deficit to 84-83 with 27 seconds remaining. McMillan's basket off an offensive rebound put the Whites ahead, 85-84.

Howard evoked a sense of deja vu as he drove the lane from the right wing and floated high in the air to flip in the winning shot with three seconds remaining.

Remembrances of past glories were the order of the day for Terrapin fans. Even when Moses Malone failed to show, it all seemed familiar.