jmc

The radius of the circular path of the horse closer to the center is $\frac{1}{3}$ of the radius of the path of the horse farther from the center. Since circumference is directly proportional to radius, the length of shorter path is $\frac{1}{3}$ of the length of the longer path. Therefore, 3 times as many revolutions must be made to go the same distance, which is $32\times 3=\boxed{96}$ revolutions.