Minutes of the Meeting of the Board of Trustees of the University of Kentucky,
Tuesday, June 24, 2003.

      The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington
time) on Tuesday, June 24, 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 1:00 p.m., and Dr.
Elissa Plattner gave the invocation.

      B.    Roll Call

        The following members of the Board of Trustees answered the call of the roll:
Marianne Smith Edge, Davy Jones, Michael Kennedy, Pam May, Robert Meriwether,
Billy Joe Miles, Elissa Plattner, Steven Reed (Chairperson), Joe Ruschell, Frank Shoop,
Marian Sims, Grady Stumbo, Myra Tobin, JoEtta Wickliffe, Billy Wilcoxson, Russ
Williams, Elaine Wilson, and Barbara Young. Absent from the meeting were Paul
Chellgren and Alice Sparks. The University administration was represented by President
Lee T. Todd, Jr., Provost Michael Nietzel, Acting Senior Vice President Jack C. Blanton,
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 1:04p.m.

        C.   Consent Agenda

        Mr. Reed entertained a motion for approval of the May 6, 2003 Minutes that
were on the consent agenda. Ms. Wilson moved approval of the Minutes. Ms. Smith
Edge seconded the motion, and it carried without dissent.

        D.   President's Report to the Board of Trustees (PR 1)

        President Todd called attention to the following items in PR 1.

        1.  The Surgery Department has moved up in the National Institutes of Health
             rankings and is listed as 16th among 74 public medical schools. This is a
             great move for the Department of Surgery.

        2.   The College of Agriculture opened a new $21 million Plant Sciences
             Building in mid-May.