YIKES!!!! Sorry Nanci, I need to veto you on this one. The chemicals in pam eat away at the neoprene. Same thing with vaseline etc... Try to find a non petroleum based product such as body glide.
There are actually alot of new anti chafe lubby kinda things on the market now that are wetsuit friendly- and prevent chafing. I body glide up my neck (for chafing) chicken wings (back sides of arms) ankles and feet, and behind my knees. The wetsuit slides off in a jiffy and you won't chafe. I also don't wear socks in the short races like that, so the body glide on the feet ahead of time helps with blister protection.

And if you can't find an alternative to pam be sure that you wash your suit REALLY WELL as soon as you get home.
The pam thing has been around for awhile, but it is really bad for your suit. Tho I still see people doing it every once in awhile.

Have a great race!!!
Denise