Adopted: December 14, 1993.



                                     Chairman, Board of Trustees
(SEAL)

Attest:



           Secretary

                     CERTIFICATE OF SECRETARY

          I, Lois C. Weinberg, Secretary of the Board of Trustees
of University of Kentucky, Lexington, Kentucky, hereby certify that
the foregoing is a true copy of a Series M (Second Series) Resolu-
tion adopted by said Board at a meeting held on December 14, 1993,
which Series M (Second Series) Resolution pertains to the issuance
of $6,680,000 (plus or minus up to $665,000) of Consolidated Educa-
tional Buildings Refunding Revenue Bonds, Series M (Second Series),
all as shown by the official records in my custody and under my
control.

          WITNESS my signature and the seal of the University this
December 14, 1993.



                                   Secretary, Board of T fstees
(SEAL)                                                  An



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