The Fred Meyer Challenge is a two-day charity tournament hosted by Peter Jacobsen. Twelve teams compete in a best-ball format with the winning team splitting $180,000.
The 12-under 60 matched the 18-hole tournament record first set by the teams of Bobby and Lanny Wadkins, and Fred Couples and Lee Trevino in 1990. The mark was equaled by Greg Norman and Faxon in 1997, and Jim Furyk and John Huston in 1999.
David Toms and Stewart Cink combined for a 61 and are alone in third at minus-11.
Craig Stadler and Steve Elkington are in fourth place at nine-under par, followed by the defending champions, Mark O'Meara and John Cook, at minus- eight.
The colorful tandem of Jean Van de Velde and Fuzzy Zoeller are knotted in sixth with Phil Mickelson and Fred Couples, and the team of Sergio Garcia and Tom Lehman.
The 21-year-old Garcia, twice a winner on the PGA Tour this season, is half the age of his partner Lehman.
Brian Henninger and Scott McCarron posted a five-under 67 Monday and share ninth with Billy Mayfair and local favorite, Casey Martin.
Jacobsen and partner Arnold Palmer carded a 68 in the first round.
Jack Nicklaus and his son Gary are in last place after a one-under 71.
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