(EXHIBIT 1)

                                                              Office of the President
                                                              March 10, 1983









Members, Executive Committee, Board of Trustees:


                    RESOLUTION ACCEPTING THE SUCCESSFUL BID
                                    FOR THE
                      UNIVERSITY OF KENTUCKY CONSOLIDATED
                 EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES H


Recommendation: That the Executive Committee approve a Resolution
accepting the bid of Seasongood and Mayer with a net interest cost
of 8.435319%             for the purchase of $8,500,000 Consolidated
Educational Buildings Revenue Bonds, Series H, dated March 1, 1983.



Action:  Approved      X



Disapproved



Other



Date:     March 10



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