FCR 10



Office of the President
March 4, 1997





Members, Board of Trustees:


         GEORGE B. TUGGLE CHARITABLE REMAINDER ANNUITY TRUST

Recommendation: that the Board of Trustees accept the George B. Tuggle Charitable Remainder
Annuity Trust, an irrevocable trust valued at $403,313 established by George B. Tuggle of
Somerset, Kentucky.

Background: Mr. Tuggle graduated from the University in 1949 with a degree in journalism. He
retired to Somerset after a career in banking in Cincinnati, Ohio. The annuity trust, of which the
University is trustee, designates a portion of the corpus for a professorship in English in memory
of his parents, William J. and Nina B. Tuggle, and a portion to establish the George B. Tuggle
Scholarship Fund at the University of Kentucky to benefit students from Boyle, Wayne and
Pulaski counties.



Ai Disapproved      i Other



proved



Action taken: