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       President Wethington commented on the following items in PR 1:

       1.   Ralph G. Anderson, a College of Engineering graduate, has
             announced that he is giving the University $2 million to
             help build a new mechanical engineering building. The
             University will ask the upcoming General Assembly for
             bonding authority for the new structure and also will seek
             additional private funds for the building.

       2.    Lucille Caudill Little of Lexington has announced that she
             is giving a $1 million gift to help renovate the existing
             King Library North into a UK Fine Arts Library and Learning
             Center.

       3.   National news media attention was recently focused on the
             laboratory of George A. Digenis, a College of Pharmacy
             researcher who has discovered a drug combination that
             inactivates the HIV virus.

       4.    A study recently done in part at the Chandler Medical Center
             indicates that lovastatin, a cholesterol-lowering drug,
             reduced not only the build-up of early atherosclerosis in
             the carotid artery in the neck but also reduced the risks of
             strokes and heart attacks.

       5.    The University of Kentucky for the seventh time in the past
             10 years has placed first in the number of players who made
             the 1993 Southeastern Conference football academic honor
             roll. Fourteen players achieved the necessary grade point
             average to make the honor roll.

      President Wethington asked the Board to review the other items in
the report at their leisure.

      President Wethington provided an update on the Governor's Higher
Education Review Commission. He said that, in his opinion, considerable
progress has been demonstrated in the meetings, and progress will be made
in the following areas when the action is complete:

       1.    There will be a recommendation for a performance-based
             funding mechanism to come out of the Commission, and it will
             be used by the Governor in his recommendation to the General
             Assembly for 1994-96. This will involve a process that
             lists a number of indicators by which institutions will be
             judged and by which appropriation will be gained for 1995-96.

       2.    There will be compiled a rather significant list of low
             production, duplicated degree programs in which all
             institutions will participate. This list will be a part of
             the Commission's recommendation and a part of the report.

      3.    The mission statements of each of the institutions will be
             revised, making them more specific. This will make the
             Council on Higher Education's approved mission statements
             more accurately reflect the missions of institutions and
             clarify those missions.