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   C.  Minutes Approved

   The Minutes of the March 9, 1982 meeting of the Executive
Committee of the Board of Trustees were approved without
objection.

   D.   Resolutions

   The Secretary read a resolution of appreciation to Dr. Armand
Hammer in recognition of his generosity in permitting his "Five
Centuries of Masterpieces" to be exhibited at the University of
Kentucky Art Museum. Mrs. Clark also read a resolution of
appreciation to Governor John Y. Brown, Jr. and Mrs. Brown in
recognition of their effort in bringing this priceless collection
to the University. On motion by Mrs. Clark, duly seconded and
passed, the resolutions, copies of which appear at the end of the
Minutes, were adopted.

    E.   Nominating Committee Report

    The Chairman noted that a vacancy exists on the Executive
Committee of the Board due to the expiration of Mr. Homer
Ramsey's term as a member of the Board of Trustees. Mr.
Sturgill, who had appointed a Nominating Committee, called on Mr.
Frank Ramsey, chairman of the committee, to present the
committee's recommendation.

    Mr. Ramsey placed in nomination for membership on the
Executive Committee the name of Mr. A. Stevens Miles. There
being no nominations from the floor, on motion by Mr. Ramsey,
seconded by Mrs. Hayes and passed, Mr. Miles was elected as a
member of the Executive Committee of the Board of Trustees.

    F.   Committee Appointments

    Mr. Sturgill announced the following committee appointments
for the remainder of 1981-82. He appointed Mr. Brereton Jones to
replace Mr. Miles as a member of the Finance Committee. He also
appointed Mr. Ronald Geary to replace Mr. W. B. Terry on the
Investment Committee, and Mr. R. Larry Jones to replace Mr. Homer
Ramsey on the Hearing Committee.

    G.   President's Report to the Trustees (PR 1)

    President Singletary reviewed some of the items in his
monthly report to the Trustees, calling particular attention to
the six faculty members (Professors Robert A. Baker, Harold H.
Traurig, Lee T. Todd ,Jr., Nancy T. McClellan, Loys L. Mather,
and Robert R. Lawrence) who have been selected as the 1982 Great
Teachers; Mr. Hugh Peal's gift of a 15,000 volume collection of
rare books and documents; and two recipients (Robert Jensen and
Craig Benham) of Alfred P. Sloan Research Fellowships. Upon the
recommendation of President Singletary, the Chairman received the
report and ordered it filed.