UNIVERSITY OF KENTUCKY ATHLETIC ASSOCIATION
          Statement of Portfolio Changes
          For the Third Quarter, 1971



Purchase
  Date



Yield



FIC Bank Bonds

FIC Bank Bonds

Federal Land Bank Bonds

FNMA Notes

Banks for Cooperatives Notes

FIC Bank Bonds

FNMA Notes

FIC Bank Bonds

Certificate of Deposit

      Total - Purchases



Sales:



7/ 1/71

7/ 1/71

7/20/71

7/30/71

8/ 2/71

8/ 2/71

8/10/71

9/ 1/71

9/30/71



Maturity
Date



FIC Bank Bonds

Certificate of Deposit

      Total - Sales



7/ 1/71

9/24/71



5.85%

5.85%

6.50%

6.16%

6. 125%

6.25%

7.15%

5.55%

5. 875%








Yield



7.10%

7.50%



$   100,000.00

    200,000.00

    100,000.00

    100,000.00

    100,000.00

    100,000.00

    100,000.00

    100,000.00

    100, 000.00

$ 1, 000, 000. 00





   Par Value



$   100, 000.00

    100,000.00

a   200,000.00



Purchases:



Par Value