Minutes of the Meeting of the Board of Trustees of the Uni-
versity of Kentucky, April 25, 1952.


     Pursuant to adjournment of the regular meeting of the Board
of Trustees on April 1, the members of the Board met in the Presi-
dent's Office at 10:00 a.m., with the following members present:
Governor Lawrence W. Wetherby, Chairman; Guy A. Huguelet, Vice
Chairman; Mrs. Paul G. Blazer, J. C. Everett, Paul M. Basham, George
M. Cheek, J. Woodford Howard, Herndon J. Evans, Wendell P. Butler,
H. D. Palmore, and Carl Dempewolfe.    Absent:  Harper Gatton, R. P.
Hobson, Dr. W. M. Coffee, and Ben S. Adams.    President H. L. Don-
ovan and Secretary Frank D. Peterson met with the Board.

     A telegram was received from Mr. Gatton on the morning of the
meeting expressing regret that he was unable to attend because
of the illness of Mrs. Gatton.

     Mr. Hobson called to report that he would be unable to attend
because of the continuation of a case in the Federal Court which
required his presence.



     A. Approval of Minutes.

     The minutes of the Board of Trustees of December 18, 1951;
and the minutes of the Executive Committee of January 18 and
February 16, 1952, were approved as published.



     B. Report of the Comptroller.

     The Comptroller m~ade financial report consisting of balance
sheet and operating statement of the various funds and accounts
for the nine-months period ended March 31, 1952.    He read the
following summarized statement, and then presented the following
financial report.