The $100,000 Maryland Juvenile Championship, the richest race in the history of Maryland-bred competition, is the feature attraction at Laurel Race Course today.

Caveat, a stakes-winning son of Derby winner Cannonade who is trained by Woody Stephens, is the favorite in the 1 1/16th-mile event.

Caveat has won three of nine starts and $118,832, more than twice the amount earned by any of his eight rivals.

Stephens, speaking from his home base at Belmont Park, explained Caveat's last two losses as coming on off tracks. "He'll run big if the track stays fast," said the Hall of Fame conditioner.

Chief competition is expected from Salvage Consultant, a well-bred son of Gala Harry out of the mare Heartful. Salvage Consultant won the Smarten Stakes at Laurel two weeks ago as the heavy favorite and is reported in top condition by trainer Mark Perlsweig.

No Body Else's, the lone filly in the field, was entered by trainer King Leatherbury "because she was in trouble throughout the running of the Selima at Laurel last month and deserves a chance to redeem herself."

Another with an excuse for a recent loss is Deputed Testamony, second to Salvage Consultant in the Smarten. Trainer William Boniface, who is replacing Mario Pino with Donald Miller today, said, "My colt is all heart. He may be a Derby horse if he continues to improve."

The winner of the Juvenile Championship receives a guaranteed first prize of $60,000.