Flintoff, who entered the ring wearing the shirt of his county cricketclubLancashire, had the better of the exchanges in the opening round, but was knocked to the canvas by the 23-year-old Dawson during the second.
The new 25-day, 57-match tournament, which has been proposed by the Marylebone CricketClub (MCC), Lancashire, Hampshire and Surrey, provoked scepticism by Russell.