3



the audit reports for the affiliated corporations and the University of Kentucky
Credit Union were accepted. (See FCR 3 at the end of the Minutes.)


       H. Meeting Adjourned

       Having first determined that there was no further business to come
before the meeting, Mr. Clay called for a motion for adjournment. Motion
being duly made, seconded and carried, the meeting adjourned at 2:17 p.m.

                                       Respectfully submitted,




                                       Lucile T. Blazer, Secretary
                                       Board of Trustees


(PRs 2, 4, and 5, and FCR 3 which follow are official parts of the Minutes of
the meeting. )