- 2 -



       D.    Approval of Minutes

       Governor Breathitt said that the Minutes of the Board meeting on October 20,
1998 had been distributed and asked for any additions or corrections. Mr. Wilcoxson
moved that the Minutes be approved as distributed. Mrs. Sims seconded the motion, and
it carried.

       E.    President's Report to the Board of Trustees (PR 1)

       President Wethington called attention to the following items in PR 1:

       1. The National Science Foundation has selected the University of Kentucky
          (UK) as one of 12 sites for a research center to study advanced carbon
          materials. The Materials Research Science and Engineering Center will be
          funded by NSF and UK at $8 million over five years and will be located at the
          Center for Applied Energy Research.

       2. The UK Fellows Society recognized 175 new fellows, individuals who have
          given $10,000 or more to the University, at its annual black-tie dinner.
          During the society's 32-year history, 4,575 fellows have donated or pledged
          more than $357 million to the University.

       3. Retiring Senator Wendell Ford has donated his Senate papers to the
          University of Kentucky Libraries' Special Collections. The papers include
          documents and materials from his 24-year Senate career.

      4. The College of Allied Health Professions ranked 13' out of more than 100
          allied health programs across the United States in receiving National Institutes
          of Health grants.

       5. UK researchers received a $3.2 million grant from the National Institute on
          Drug Abuse for a four-year study of the national anti-drug advertising
          campaign by the Office of National Drug Control Policy.

      6. Chandler Medical Center researchers have developed a new way to detect the
          plaques in blood vessels that are most likely to rupture and cause heart attacks
          and strokes.

      7. The University's publicity of the William T. Young Library opening won the
          Council for Advancement and Support of Education Kentucky Award of
          Merit. Publicity for the opening included an eight-page tabloid which ran as
          an insert in newspapers across the state.

      President Wethington asked the members to read the other items in the report at
their leisure.