The 138th running of the Kentucky Oaks has arrived and Grace Hall, winner of the March 31 Gulfstream Park Oaks, will break from post 2 as the 5-2 morning line favorite. The race will take place at 5:45 p.m. ET at Churchill Downs, Ky. on NBC Sports Network.

Grace Hall has never finished worse than second in her six starts, with additional victories in the Spinaway Stakes at Saratoga and the Blue Hen Stakes at Delaware Park at 2. The three-year-old filly will try to stretch that streak to seven by beating out 14 other three-year-old fillies in the nine-furlong (1 and 1/8 miles) race. The winner will win $600,000 out of the $1 million purse as well as the customary large garland of lilies appropriately called the "Lillies for the Fillies."

Anita Cauley's homebred filly On Fire Baby, winner of the Honeybee Stakes in her last start and the 4-1 co-second choice with Broadway's Alibi, will break from the rail of the May 4 race.

Oaks Lilly did not draw into the main body of the field and will serve as an alternate.

Here are the entries, jockeys, post positions and morning line odds for the 2012 Kentucky Oaks.

Post         Horse                                  Jockey                               Morning Line Odds

1              On Fire Baby                      Joe Johnson                       4-1

2              Grace Hall                          Javier Castellano                5-2

3              Summer Applause              Garrett Gomez                    15-1

4              Eden's Moon                      Martin Garcia                      12-1

5              Hard Not to Like                 Robby Albarado                  20-1

6              Broadway's Alibi                 John Velazquez                   4-1

7              Sacristy                              Mike Smith                          50-1

8              Jemima's Pearl                   Joe Talamo                         10-1

9              Believe You Can                Rosie Napravnik                  10-1

10           And Why Not                       Julien Leparoux                   15-1

11           Karlovy Vary                        James Graham                    20-1

12           Colonial Empress                Corey Nakatani                    50-1

13           Amie's Dini                          Jon Court                             10-1

14           Yara                                    Jesus Castanon                   30-1

AE           Oaks Lilly                            Rafael Bejarano                   50-1