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        F. Appointment of Executive Vice President for Finance and Administration
(PR 3)

        President Todd said that PR 3 recommends that the Board of Trustees approve
the appointment of Richard P. Siemer as Executive Vice President for Finance and
Administration effective August 1, 2003. He noted that Dr. Jack Blanton has agreed to
work through the month of July.

        President Todd said that he admired Mr. Siemer for waiting until August 1St.
Mr. Siemer has been instrumental in implementing a new ERP system that includes
accounting at the Ohio University. He did not want them to have to close the books
without him being there; therefore, he will remain at Ohio University until July 31St to
make sure that everything goes smoothly with the new ERP system. One of many strong
points of Mr. Siemer is the fact that he has been through ERP system development and
that is something that UK is going to undertake as the budget unfolds at this meeting.
President Todd reported that Mr. Siemer was Vice President of Administration at Duke
University and Vice President for Finance and Treasurer at Ohio University. He
recommended the appointment of Mr. Siemer.

        On motion made by Mr. Wilcoxson, seconded by Ms. Smith Edge, PR 3 was
approved without dissent. (See PR 3 at the end of the Minutes.)

        President Todd introduced Dick and Pam Siemer to the Board and asked Mr.
Siemer for a comment.

        Mr. Siemer said that they were very happy to be at the University of Kentucky
and were looking forward to working with the leadership.

        G.   Appointment of Associate Provost for Academic Affairs (PR 4)

        President Todd recommended that Dr. David Watt be appointed as Associate
Provost for Academic Affairs effective May 15, 2003. Once this motion is acted upon,
he said he would ask Provost Nietzel to make a comment.

        Mr. Reed called for a motion. Ms. Wilson moved approval. Ms. Sims seconded
the motion, and it carried without dissent. (See PR 4 at the end of the Minutes.)

        Provost Nietzel made some comments about the creation of the position. He
reported that the position developed as a result of recommendations that were made as the
University moved toward the Provost Model and recognizes the need for some additional
senior level academic leadership in support of the entire academic enterprise - both the
academic units in the Medical Center as well as on the North Campus.

        This is a position that has been conceived to be one that would be responsible
for a broad array of academic activities concentrating on the recruitment and appointment