UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION
           Statement of Portfolio Changes
           For the Second Quarter, 1972



Purchases:



Purchase
  Date



Certificate of Deposit



Sales:



4/ 3/72



Maturity
Date



FTC Bank Bonds

FIC Bank Bonds

Certificate of Deposit

      Total - Sales



4/ 3/72

5/ 1/72

6/29/72



Yield


5. 75%












Yield


5.85%

6.25%

4. 875%



  Par VTalue


$   100,000.00












  Par Value


$   100,000. 00

    300,000.00

    600,000.00

$ 1,000,000.00