She was bred by Pedigree Farms in Ontario, Canada,[1] and went on to win four graded stakes races.

[3] License Fee was initially trained by Stanley Hough.

[4] After being sold for US$330,000[5] to WinStar Farm in November 1999,[6] she was trained by W. Elliott Walden.

[4] License Fee had 16 wins out of 43 starts,[2] with total earnings of US$1,200,416.

[2] Her wins include: In June 2001, License Fee broke her right front leg during the Molly Pitcher Stakes, and was euthanized at the Monmouth Park Racetrack.