Minutes of the Meeting of the Board of Trustees of the University of Kentucky,
Tuesday, February 25, 2003.

      The Board of Trustees of the University of Kentucky met at 10:00 a.m.
(Lexington time) on Tuesday, February 25, 2003 in the Board Room on the 18th Floor of
Patterson Office Tower.

      A.    Meeting Opened

      Mr. Steven Reed, Chairperson, called the meeting to order at 10:04 a.m., and Dr.
Elissa Plattner gave the invocation.

      B.    Oath of Office

      Paul Van Booven, General Counsel, administered the Oath of Office to the
following new member:

      Davy Jones, elected by the faculty to fulfill the term of Claire Pomeroy, for a term
      ending June 30, 2004.

      C.    Roll Call

      The following members of the Board of Trustees answered the call of the roll:
Mr. Paul W. Chellgren, Ms. Marianne Smith Edge, Dr. Davy Jones, Professor Michael
Kennedy, Ms. Pamela R. May, Dr. Elissa Plattner, Mr. Steven S. Reed (Chairperson), Mr.
C. Frank Shoop, Ms. Marian Moore Sims, Ms. Myra Leigh Tobin, Ms. JoEtta Y.
Wickliffe, Mr. Billy B. Wilcoxson, Mr. Russ Williams, Ms. Elaine A. Wilson, and Ms.
Barbara S. Young. Absent from the meeting were Dr. Robert P. Meriwether, Mr. Billy
Joe Miles, Ms. Alice Stevens Sparks, and Dr. W. Grady Stumbo. The University
administration was represented by President Lee T. Todd, Jr., Provost Michael Nietzel,
Acting Senior Vice President Jack C. Blanton, Senior Vice President and Chancellor of
the Medical Center James W. Holsinger, Jr., Vice President for Research Wendy
Baldwin, and General Counsel Paul C. Van Booven.

      Members of the various news media were also in attendance. A quorum being
present, the Chairperson declared the meeting officially open for the conduct of business
at 10:08 a.m.

      D.    Introduction of New Student Government Association President

      President Todd introduced the new Student Government Association President,
Mary Katherine Thompson. He explained that Ms. Thompson is not a member of the
Board of Trustees at this time and that a special election would be held for the student
Trustee. He thanked Ms. Thompson for making an adjustment in her schedule so that she
could attend the Board meeting. Ms. Thompson received a round of applause.