Preakness Celebration '98, Maryland's weeklong festival building up to the Preakness Stakes race Saturday, is under way. Today's events:

Pee Wee Preakness. Baltimore City schoolchildren on hobby horses race for prizes and candy. Noon, Inner Harbor. Details: (410) 837-4636. Free.

Preakness Pub. Jockeys from Pimlico Race Course tend bar for charity from 5 p.m. to 8 p.m. at The Orioles Bar in the Sheraton Inner Harbor Hotel. Free admission; drink prices vary.

For more information and to confirm times: 410-837-3030.

Pub Date: 5/12/98