- 2 -



      3.    The College of Medicine was ranked seventh among
            comprehensive medical schools in the United States in an
            annual survey released by U.S. News and World Report
            magazine.

      4.    The University's debate team was runner-up in the novice
            debaters national championship in March at Northwestern
            University.

      5.    The College of Medicine has received a $2.5 million grant
            from the Robert Wood Johnson Foundation to institute
            changes in physician education. This grant will fund
            efforts to produce physicians who are closely attuned to
            patient care and capable of managing the ethical and
            financial decisions created by the rapid advances in
            medical care technology.

      6.    The Art Museum has received one of the most remarkable
             private art collections in the United States, the Proskauer
             Collection. The collection is a major gift to the
             University from the estate of the late George and Susan
             Proskauer.

       7.   The University will dedicate a new College of Business and
             Economics building addition and major renovation effort on
             April 10. This ceremony marks the end of a major project
             that included construction of a three-story annex and
             remodeling of the existing structure.

      8.    Pulitzer Prize-winning historian Arthur M. Schlesinger, Jr.
            will deliver the 11th Annual Prichard Lecture on April 8 at
            the Singletary Center Recital Hall.

       9.    Carolyn S. Bratt, a law professor and member of the Board
             of Trustees, has been selected for an American Council on
             Education fellowship. She will spend a year working
             closely with the University administration.

      10.   Ashland and Hazard community colleges are now part of the
             University's interactive video system that allows students
             to take graduate-level courses in such areas as
             engineering, mining engineering, education and medicine
             taught from the University's campus.

       President Wethington asked that the members review the other
items in his report at their leisure.

       As a part of the "President's Report," President Wethington
briefed the Board on the status of the University's budget. He reminded
the Board of the state government budget cuts in 1991 and reviewed steps
taken by the University for handling its portion of the budget cut. He
reported that each chancellor and vice president developed plans for his
review for managing these cash problems and several measures had been
put into place to assure these plans are carried out.