CONSOLIDATED SUMMARY OF NET DEFERRED REVENUES                            Schedule 5
   AND APPROPRIATED FUND BALANCES
   UNIVERSITY OF KENTUCKY AND AFFILIATED CORPORATIONS
   FOR THE EIGHT MONTHS ENDED FEBRUARY 28, 1989
   (in thousands)



                                                                 (A)             (B)


(1) REVENUES, REALIZED                                                       $  439,338

   APPROPRIATED FUND BALANCES
(2)   Current unrestricted fund                              $   12,487
(3)   University Hospital                                        34,093

(4)     TOTAL APPROPRIATED FUND BALANCES                                         46,580

          TOTAL REVENUES AND APPROPRIATED
(5)         FUND BALANCES (SCHEDULE 1)                                          485,918


(6) EXPENDITURES/ENCUMBRANCES (SCHEDULE 2)                      391,090

(1) LESS: RESERVE FOR ENCUMBRANCES                               (7,051)


(8)       TOTAL EXPENDITURES                                                    384,039


    NET DEFERRED REVENUES AND APPROPRIATED
(9)   FUND BALANCES (STATEHENT 1)                                            $   101,819



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