At age three, in the spring of 1981 he was second in the Fountain of Youth Stakes. Pleasant Colony lost 3 of 4 races to Akureyri. He lost the Fountain of Youth Stakes and the Pilgrim Stakes besides finishing behind Akureyri in the Florida Derby.
At age three, in spring 1981, he was second in the Fountain of Youth Stakes. Pleasant Colony suffered losses to Akureyri in multiple races. He lost both the Fountain of Youth Stakes and the Pilgrim Stakes, as well as finishing behind Akureyri in the Florida Derby.