- 8 -



million. The clinical programs continue to develop. Dr. Holsinger is responsible for nine
facilities on campus. President Todd said that he had driven through the south campus
and looked in amazement at how that end of campus has changed under Dr. Holsinger's
leadership. He said he is grateful to Dr. Holsinger for what he has done for the
University. He expressed appreciation to Dr. Holsinger for the last two years that he has
worked with him.

        Mr. Reed called for a motion of approval. Ms. Sims moved and Ms. Wilson
seconded the motion. It carried unanimously. (See PR 7 at the end of the Minutes.)

        Mr. Reed said Dr. Holsinger was a very warm, very receptive, very
encouraging, reassuring and steady hand. He said that he did not think he had ever been
at a UK event and not seen the smiling, friendly face of Dr. Holsinger. He said that he,
personally, had enjoyed knowing Dr. Holsinger, and he looked forward to a continued
relationship. He said that he wanted to put on the record that Dr. Holsinger has meant a
lot to the University and has certainly meant a lot more to him than Dr. Holsinger
probably realizes.

        President Todd asked Dr. Holsinger for any comments.

        Dr. Holsinger thanked the Board for having the courage to elect him to the
position nine years ago. He said that he deeply appreciated the nine years of opportunity
that he had to be of service to the University. Having been a student here, a faculty
member, and a member of the administration, he can tell the Board that he is intensely
proud of his institution. This is a great American University and everyone needs to
remember that as we move forward into the future. He recognized his wife, Dr. Barbara
Holsinger, in the audience and asked her to stand. With her are his family members from
New Zealand, his daughter, Dr. Ruth Luellen, her husband, Matthew Luellen, and his
grandson, Kerin. He said he was proud that his family members could be at the meeting.
He thanked the Board for electing him Chancellor Emeritus and said that he looked
forward to being at the University for many, many more years in the future.

        K.   Appointment to Board of Directors of the Fund for Advancement of
Education and Research in the University of Kentucky A. B. Chandler Medical Center
(PR 8)

        President Todd said that PR 8 recommends that approval be given to the
appointment of Carol Farmer to the Board of Directors of the Fund for Advancement of
Education and Research in the University of Kentucky Chandler Medical Center for a
two-year term beginning July 1, 2003 extending through July 30, 2005.

        Mr. Reed asked for a motion of approval of PR 8. Mr. Shoop moved approval.
Ms. Smith Edge seconded the motion, and it carried without dissent. (See PR 8 at the end
of the Minutes.)