Thanks for the reply. I know its not ringworm, have seen it before. This morning she has more spots, the oldest are drying up though. The worst are behind her forearms & seem very tender when I put the salve on. They are really weepy, running to the hoof. The lumps on her belly seem to have gone down some so hopefully it is running its course. She has no sores (so far) on her face, neck, barrel or back. All are from the mid-thigh down. I haven't changed feed, bedding, etc. The new bale of hay could be it but she hasn't had access to it since I'm keeping her in the barn to try to keep her as clean as possible. I've talked to several other horse owners & no one has seen anything like this. She is still eating everything I put in front of her, seems content & is being a trouper about cleaning & salve application. The vet didn't do a skin scrape & he was closed today when I tried to call. I'm getting to where I dread going to the barn.......she was just getting so pretty.