Fraise trailed a talented field for most of the 1992 Breeders' Cup Turf, until jockey Pat Valenzuela began to weave through the field on the far turn. Entering the stretch Valenzuela dove courageously into a sliver of an opening along the hedge then outbattled odds-on favorite Sky Classic in a long drive to win by a nose. Trainer Bill Mott notched his second Breeders' Cup victory, both in the Turf. He won with Theatrical in 1987. Notably, the field also included Sabotica, winner of the Prix de l'Arc de Triomphe, and Daros, an English Derby winner.
It was the first and only Breeders' Cup winner for Madeleine Paulson, who famously won Fraise in a golf bet with her husband, Allen. Fraise tried the Breeders' Cup Turf in each of the following two years, but finished fourth in 1993 and 11th in 1994.