Randy Waterman, winner of the first leg of Virginia's major steeplechase series with Champerty at Richmond on Saturday, captured the third leg of Virginia's point-to-point triple crown today aboard Pidou II at Oatlands.

The French-bred and up to this year French-raced Pidou II ran away with the Eustis Cup. He covered the four miles and 23 jumps in 9:22, far outdistancing Jet's Demon, who nipped Woodstock Naton at the wire for place.

"he was running easily and taking the whole thing casual . . . until that jump up there (the ninth) . . . That really woke him up," Waterman said. After that, Waterman stood in the stirrups to try to rein him in.

Woodstock Nation, winner of three raced earlier this year in lady's competition under Shelley O'Higgins, kept the race honest until the next to last fence.

"i thought he was hurt, so I eased him," said rider Don Yovanovich. "then he seemed okay so we came back again." But they failed to catch newcomer Jet's Demon, who had trailed badly throughout.

It was the second U.S. victory in three starts for Pidou II. Both victories were legs in the point-to-point triple crown. The first came in the Rokeby Bowl when the 7-year-old bay edged Juggernaut II. The "jug" was scratched from the Eustis today, but won the open timber race earlier in the program.

Waterman, who said he had had the best ride of his life Saturday in the Deep Run Hunt Cup when Champerty ran the fastest race in a decade, added: "we don't want to rush Pidou . . . I don't think we'll try the Virginia Gold Cup this year . . . I'm not sure, but I don't think so."