6



       After consideration, a yea and nay vote was taken on the motion to
adopt said Resolution which resulted as follows:

       Yeas for the Motion                   Nays Against the Motion

       Robert T. McCowan                             None
       Raymond F. Betts
       William R. Black
       Albert G. Clay
       David R. Driscoll, Jr.
       Tracy Farmer
       Ronald G. Geary
       Donna G. Greenwell
       George W. Griffin
       Edythe Jones Hayes
       Henry E. Hershey
       Brereton C. Jones
       R. Larry Jones
       T. A. Lassetter
       Frank Ramsey
       James L. Rose
       Bobby Watson
       Constance P. Wilson

       The Chairman declared that the motion had carried and the Resolution
was adopted. (See FCR 7 at the end of the Minutes.)

       Z.    Report of Investments   (ICR 1)

       Mr. Geary, Chairman of the Investment Committee, recommended and
moved that the report of changes made in investments for the three months
ended June 30, 1986 be accepted. The motion was seconded by Mr. Hershey
and carried. (See ICR 1 at the end of the Minutes.)

       AA.   Presidential Search Committee Status Report and Portrait
Committee Name_

       Mr. McCowan gave an update on the activities of the Presidential
Search Committee.

       After noting that portraits of former presidents of the University
were hanging in the Board Room in the Administration Building, Mr. McCowan
recommended that the Board authorize and commission an artist to paint a
portrait of President Singletary. On motion made by Professor Betts,
seconded by Professor Wilson and unanimously carried, it was so ordered.
Mr. McCowan named the following Trustees to serve on a portrait committee:
Professor Raymond F. Betts (Chairman), Mrs. Edythe Jones Hayes, Mr.
Brereton C. Jones, and Mr. Tracy Farmer.