Cochran rode the feat to an 8-under 64, one shot better than defending champion Tom Pernice Jr., who fired a hole-in-one on his way to a 7-under 65.
Pernice aced No. 11 at Prestonwood Country Club in Cary, N.C., using a six-iron on the 188-yard hole.
Nick Price, last year's co-runner-up, fired a 67, joining Ted Schulz in fifth place.
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