May 6, 2001 8:10 PM

Monarchos, the Florida Derby winner, is the comeback horse of the year, winning the 127th running of the Kentucky Derby Saturday afternoon in Louisville, Ky.

The winner went off at 10-1 and paid $23. Monarchos, ridden by jockey Jorge Chavez, won by 4¾ lengths.

Monarchos also ran the second-fastest Derby in 1:59.97, second only to Secretariat’s 1973 performance.

Invisible Ink, who went off at 55-1, placed and paid $55.80. The exacta with Invisible Ink paid $1,229.

Congaree’s show finish paid $7.20. The trifecta paid $12,238.40. The $1 supertrifecta paid $62,986.

The post-time favorite Point Given (9-5), finished fifth.

The next leg of the Triple Crown is May 19 with the Preakness Stakes in Baltimore. The last leg is at the Belmont Stakes June 9.