2 -



      FCR 7 Paul Miller Ford Foundation Gift
      FCR 8 Marie A. and William H. Cull Pledge
      FCR 9 Kentucky Medical Services Foundation Gift
      FCR 10 Gifts and Pledges to the William Baxter Jennings Fellowship
      FCR 11 Gifts to UK Center for Research on Violence Against Women
      FCR 12 Gifts and Pledges to the Endowment for Support of Neuro-Urologic
                Research
      FCR 13 Casner Family Fund Gift
      FCR 14 KPMG LLP Gift and Pledge
      FCR 15 Jacqueline K. Resinger Gift and Pledge
      FCR 16 James L. and Suzanne H. Elliott Gift and Pledge
      FCR 17 Dr. Michael Karpf Gift and Pledge
      FCR 18 Michael C. Carozza Gift and Pledge
      FCR 19 Commonwealth of Kentucky Allocation
      FCR 20 Report of Leases
      (See these items at the end of the Minutes.)

      D.    President's Report

      Due to the length of the agenda, President Todd said that he would not review as
many items as he typically does in PR 1. He called attention to the following items in his
report:

      Many Board members and other dignitaries attended the ribbon-cutting ceremony
      for the new Biomedical/Biological Sciences Research Building, which is the
      largest research building the university has built on campus.

      The state of Kentucky moved up from 33rd to 30th in rankings for federal research
      obligations. For top research universities, UK moved up from 60th to 57th.
      Among the public universities, UK moved up from 3 ls to 28th.

      Research awards at the end of March were up 14 percent for UK. It is anticipated
      that the last two months of this fiscal year will be an upside on research.

      UK has created the nation's first Fine Arts Cooperative Extension Program, which
      has brought uniqueness to UK's program.. It is based in Pikeville, Kentucky.

      The Gatton College of Business and Economics has launched a bold and
      innovative Master of Business Administration (MBA) program. The program
      will now be an eleven-month MBA program. It has been an 18-month program in
      the past. He encouraged people to partake of that degree opportunity.

      Ryan Quarles is UK's 12h Truman Scholar. He is a Kentucky student with a
      strong UK heritage in his family.



The third annual President's Awards for Diversity were presented in April.