T.    Lease of St. Agnes House  (FCR 2)

       On motion made by Mr. Clay, seconded by Mr. Griffin and carried,
authorization was given for the Vice Chancellor for Administration of the
Lexington Campus to renew the lease of St. Agnes House as recommended in
FCR 2. (See FCR 2 at the end of the Minutes.)

       U.   Lease of Hospital Hospitality House  (FCR 3)

       Noting that FCR 3 was a similar lease, Mr. Clay moved that the Vice
Chancellor for Administration of the Lexington Campus be authorized to
renew the lease with Hospital Hospitality House of Lexington, Inc. as
recommended in FCR 3. The motion was seconded by Mr. Rose and carried
without dissent. (See FCR 3 at the end of the Minutes.)

       V.    Disposal of Personal Property  (FCR 4)

       On motion made by Mr. Clay, seconded by Mr. Ramsey and carried, the
Board approved the disposition of obsolete and surplus equipment as
recommended in FCR 4. (See FCR 4 at the end of the Minutes.)

       W.   Authorization for Incineration of Paid Bonds and Coupons  (FCR
5)

       On motion made by Mr. Clay, seconded by Mr. Larry Jones and carried,
authorization was given for incineration of paid bonds and coupons as
recommended in FCR 5. (See FCR 5 at the end of the Minutes.)

       X.    FCR 6 was Withdrawn

       Y.    Resolution Ratifying, Confirming and Approving the Action of
the Executive Committee of the Board of Trustees of the University of
Kentucky (I) Authorizing the Issuance and Sale of $21,000,000 of University
of Kentucky Hospital Revenue Bonds, Series A, and (II) Modifying the Series
Resolution of the Board Adopted on June 25, 1986, Authorizing the Issuance
of Series A Hospital Revenue Bonds to Reflect the Correct Principal
Maturities and Related Clarifying Text  (FCR 1)

       Trustee Clay moved and Trustee Lassetter seconded that the action of
the Executive Committee of the Board of Trustees of the University of
Kentucky (i) authorizing the issuance and sale of $21,000,000 of University
of Kentucky Hospital Revenue Bonds, Series A, and (ii) modifying the Series
Resolution of the Board adopted on June 25, 1986, authorizing the issuance
of Series A Hospital Revenue Bonds to reflect the correct principal
maturities and related clarifying text, is hereby ratified, confirmed and
approved.