OFFICIAL BID FORM



To the Honorable Chairman and Members of
The Board of Trustees of the
University of Kentucky
c/o Mr. Henry Clay Owen
University Treasurer, Office of the President
Administration Building
Lexington, Kentucky 40506

Gentlemen:

     Pursuant to your "Official Terms and Conditions of Bond
Sale", the undersigned offers to purchase your "University of
Kentucky Housing and Dining System Revenue Bonds,
Series L", dated June 1, 1986, in accordance with and
subject to the terms set forth in the Official Terms and
Conditions of Bond Sale.

     We hereby bid for said $3,790,000 principal amount of Bonds
the sum of $            (not less than $3,714,200); plus accrued
interest from June 1, 1986, as follows:

        Year                Amount               Rate

        1987               $ 85,000
        1988                 85,000
        1989                 90,000
        1990                 90,000
        1991                 85,000
        1992                105,000
        1993                110,000
        1994                120,000             _
        1995                120,000             _
        1996                125,000
        1997                135,000
        1998                135,000
        1999                155,000                 -
        2000                185,000                -
        2001                200,000
        2002                265,000
        2003                375,000
        2004                400,000
        2005                385,000
        2006                550,000



BOARD OF TRUSTEES RESOLUTION
        EXHIBIT D