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       X.    Acceptance of Pledge from the Steele-Reese Foundation


       Mr. Hardymon made a motion that the Board accept a pledge of
$200,000 from the Steele-Reese Foundation to the University of Kentucky
Community College System. He said that this pledge is to assist the
Community College System in improving the communications infrastructure
at Prestonsburg and Southeast Community Cclleges. His motion was
seconded by Mr. Sturgill and passed. (See FCR 9 at the end of the
Minutes.)

       Y.    RJR Nabisco Foundation Contribution (FCR 10)

       Mr. Hardymon made a motion that the Board accept a gift of
$377,350 from the RJR Nabisco Foundation to the College of Agriculture.
He noted that this is an annual contribution from RJR Nabisco Foundation
for uses in various tobacco research. Professor Mather seconded the
motion and it passed. (See FCR 10 at the end of the Minutes.)

       Z.    Estate of Fred J. Fr gl. Jr. (FCR 11)

       Mr. Hardymon made a motion that the Board accept a distribution
of $108,012.68 from the Estate of Fred J. Friel, Jr.   He reported that
Dr. Friel was born in Lexington, Kentucky in 1912 and graduated from the
University of Kentucky in 1934 with electrical and mechanical
engineering degrees. He noted that Dr. Friel left his entire estate to
the University. Mr. Hardymon's motion was seconded by Mrs. Weinberg and
carried. (See FCR 11 at the end of the Minutes.)

       AA. A Resolution Authorizing the Issuance of University of
Kentucky Consolidated Educational Building Refunding Revenue Bonds.
Series D (Second Series), Dated September 1 1993, of the Board of
Trustees of the University of Kentucky (FCR 12)

       On motion made by Mr. Hardymon, seconded by Mr. Wilcoxson and
passed, the Board approved a Resolution authorizing the issuance of
$16,325,000 (plus or minus up to 10%) of University of Kentucky
Consolidated Educational Buildings Refunding Revenue Bonds, Series D
(Second Series), dated September 1, 1993, or such later date as may be
approved by the President and/or the Board of Trustees upon the advice
of the Financial Advisor.

       BB.   1993-94 State Budget Reduction (FCR 13)

       Mr. Hardymon made a motion that the Board confirm that the
University System two percent state appropriation deferral ($4,568,000)
and the Community College System ($1,236,200) reflected in the
University of Kentucky 1993-94 Operating Budget is now a permanent state
appropriation reduction.  With this action, the total state support to
the University is $313,694,000, of which $241,782,700 is appropriated to
the University System and $71,911,300 to the Community College System.
His motion, seconded by Mr. Ulmer, passed. (See FCR 13 at the end of
the Minutes.)