Update 10-21-02:  9.25 @ 146.5, @ 12psi
Update 10-7-02:  9.38 @ 147, converter still loose, @ 12psi
Best time as of 9-10-02:  9.79 @ 140, 12psi
1.55 60ft
620 RWHP @ 12psi

Video of 9.79 pass
Short Dyno Clip

Click here to email Shane

Current Combo:

Turbo System:
Custom PT88 Single Turbo Setup created by Shane

Induction and Fuel:  
Spearco air-to-air intercooler
Home made 3" intake tubing
80mm accufab T-body
Probe EFI elbow that Shane shortened and turned 90 degrees
Victor Jr intake that Shane converted to EFI
AFR 205 heads from Ed Curtis
Cam motion custom solid roller
Scorpion 1.6 rockers
Pro-M fuel rails
Weldon 2015 pump and regulator
-10 intank pickup
-10 feed line splits to 2 -8's that feed the rails
2 -8's exit the rails and go into the regulator which has a -6 return line
83lb injectors

Ignition and Exhaust: 
FAST System
MSD-6AL
MSD cap and rotor
MSD Blaster coil
Taylor Wires
NGK 5671a-9 plugs gapped at .030 
Custom Built exhaust by Shane:
     1 3/4" headers that dump into two 2.5" exhaust pipes that feed into a box shaped collector at the turbine inlet.  The collector also feeds the  
     wastegate.  The turbine outlet has 3.5" tubing making a 90 degree turn to the ground, running through a dynomax 4" bullet muffler, and
     dumping to the ground.

Tranny and rear:
Precision Industries 4500rpm stall converter
1.76 Powerglide
JW Bell, Case, and Tail shaft housing
8 clutch high gear hub, kevlar band, 300M input shaft, and valve body with brake from Mike's Transmissions
Denny's Nitrous Ready custom drive shaft
Stock 8.8 with the tubes welded
Mark Williams 33 spline axles and c-clip eliminators
Strange spool and a girdle.

Front Suspension: 
Performance Automotive tubular k-member and control arms. 
QA1 12 way adjustable front struts and coil over conversion kit with 175lb springs.

Rear Suspension: 
Wolfe Racecraft double adjustable uppers
Wolfe Adjustable lowers
Wolfe Single sway bar
Stock GT springs with Hal 12 way adjustable shocks and no quads

Tires and rims: 
Fronts are 15" x 3.5" Weld Prostars with radials
Rears are  15" x 10" Weld Prostars with 28x10.5" MT ET Drags

Body:
95 GT with a Cervinis 3.5" cowl hood and a Cobra Front fascia.

Future plans:
Shane is currently working on tuning and unbinding the suspension, getting the converter tightened so it stalls to 4500 like it should, and adding a fuel cell so he can up the boost from 12psi to 15-17psi.  He plans to be ready for World Ford Challenge True Street in 2003.

Background:
I flew to Arizona and bought the car in November of 2000.  I drove it back to Nebraska and it was snowing as I pulled into town which really sucked since the car had 4.10's and performance tires on it.  I pulled the interior out right away and spent the winter putting in Wolfe through the floor subframe connectors, chromoly 10 point cage, and rear suspension.  For the summer of 2001 the car still had the stock 302 with a few minor bolt ons, the FAST system, and an NOS 5115 kit.  It ran a best of 13.2 @ 108 on street radials with an AODE. 
During the fall and early winter of 2001 I built the 383 that's in the car now, put in the tubular k-member and adjustable shocks and struts.  In the spring of 2002 I built the headers and everything for the turbo install, but put a 2.5" piece of pipe in place of the turbo so I could get used to driving the new setup on the motor.  The car ran a best of 11.52 @ 117 and won the 2002 PRO Edelbrock Open Comp Class in Cordova Illinois. 
In August of 2002, I finally finished the turbo and intercooler install and the car made 620rwhp at 12psi of boost on the local mustang dyno.  The best time to date is a 9.79 @ 140 with a 1.55 sixty foot.  The converter is still too loose, so I spend the last 1.5 - 2 seconds of the run on the rev limiter.  Once the converter and suspension bugs are worked out of it, I'm hoping for a 9.50 @ 145 or so at 12psi of boost.