[62Cobra]

I have a 302 with a 600 cfm Holly vacuum secondarys, and a mallory dual point ignition and coil. OK No 1 cylinder is dead! Its getting spark, the new plug and wires are firing, The compression is a good 150psi, the valves are opening and closing like the rest of the engine. The mechanical timing and timing chain are perfect. The carb and distributer are fresh rebuilt and everything appears to be in proper order, except No. 1 is dead. No change in rpm when the wire is taken off the distributer. Any idea what to look for next....Ive been working on cars for along time and I have to admit Im stumped!!!!!! Any help would be appreciated! Oh yea! The car is a 289 Slabside Aurora 1982.