In 2004, there were three acts, Act 1 held September 2004 in Marseille, France; Act 2 held October 2004 in Valencia, Spain; and Act 3 held October 2004, also in Valencia. These events featured fleet and match racing between America's Cup class yachts representing the syndicates that were vying for selection as challenger for the America's Cup in 2007. Points were awarded for each Act, and the team with the highest score at the end of the year is declared the ACC (America's Cup Class) Champion for that year. In 2004, Emirates Team New Zealand narrowly won over second place American challenger BMW Oracle Racing and third place Swiss defender Team Alinghi.