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       As a part of the President's report, President Wethington asked Dr.
David Watt, Vice Chancellor for Research for the Lexington Campus, to report
on the Advance Science and Technology Commercialization Center (ASTeCC). He
informed the Board that the new facility is nearing completion, and a
dedication and official opening ceremony will take place in November.

       Dr. Watt displayed an artist's rendering of the south face of ASTeCC
and said that it is an attractive, functional facility. He reported that
ASTeCC was funded by the Economic Development Administration and the Small
Business Administration at a cost of $17.5 million dollars. This facility
will serve as a catalyst for interdisciplinary research that will lead to
commercialization. Through a series of slides, he reviewed ASTeCC's
history, its goals and the role that it will play in the development of
intellectual property discovered at the University. He reported that in
addition to the ASTeCC facility, the University has set up a for-profit
corporation, Kentucky Technology, Inc. (KTI) and has promoted the Coldstream
Research Campus. He explained their involvement with ASTeCC and discussed a
hypothetical case involving intellectual property development.    In summary,
he said that the University has a plan that will achieve its goals and
ASTeCC will have a dual role in the plan: stimulating interdisciplinary
research and providing space for commercialization efforts.

       F.    Personnel Actions (PR 2)

       With President Wethington so recommending, on motion made by Mr.
Shoop, seconded by Mr. Wilcoxson and passed, the routine personnel actions
int PR 2 were approved. (See PR 2 at the end of the Minutes.)

       G.    Proposed Amendments to the Governing Regulations (PR 3A)

       President Wethington recommended that the proposed amendments to the
Governing Regulations of the University of Kentucky be approved. He
reminded the Board that these proposed amendments were received for
preliminary consideration at the regular meeting of the Board on August 16,
1904. Mr. Chellgren moved approval. Mrs. Weinberg seconded the motion. and
i.t carried. (See PR 3A at the end of the Minutes.)

       H.    Candidates for Dejrees - Community College System (PR 4A)

       President Wethington recommended that the degrees specified in PR 4A
be awarded to the persons named, upon certification that the requirements
for those degrees have been satisfactorily completed. He reported that
these candidates' names were inadvertently omitted from the list of
candidates for August 1994 degrees. Mrs. Sims moved approval. Her motion,
seconded by Mr. Jones, carried. (See PR 4A at the end of the Minutes.)

       I.    Appointment to Advisory Board - Lexington Community
 ollee (PR 4B)

       President Wethington recommended that approval be given to the
appointment of Mrs. Anne Carter as a member of the Advisory Board of
Lexington Community College for a term ending June 30, 1998. Mr. Chellgren
moved approval. Professor Mather seconded the motion, and it passed. (See
PR 4B at the end of the Minutes.)