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          2.  Awards to the Community College System for sponsored grants
               and contracts totaled $9,271,163 during fiscal year 1991-92.
               This represents a 51.3 percent increase over the amount
               received during fiscal year 1990-91.

          3.  Central and Eastern Kentucky's first heart/lung transplant
               was performed April 10 at the University of Kentucky Hospital
               by Dr. Michael Sekela, UK heart and lung transplant surgeon.

          4.   Jenny Hansen, a freshman from Scmerset, Wisconsin, won UK's
               first national title in women's gymnastics at the NCAA
               championship meet in Corvallis, Oregon. She achieved a
               perfect score of 10.

          5.  Maysville Community College, which is celebrating its 25th
               anniversary, will dedicate a new Student Center in ceremonies
               May 7.

          President Wethington asked the Board to peruse the other items in
his report at their leisure.

          He reminded the members of the Board that the College of Pharmacy
had been ranked as third best in the country. To better acquaint the Board
with the College and its leadership, he asked Dean Jordan Cohen to make a
presentation about the College.

          Dean Cohen said that it is really an honor to give an overview on
the College of Pharmacy to the Board. The College does a lot of different
things with a lot of different entities. In his opinion, the key to the
College's success is the faculty and their ability to be appropriately
entrepreneurial in the 90's.

          He provided historical background about the College, noting that
it started as a private College of Pharmacy at Louisville and is one of the
oldest academic units. He briefly reviewed the various programs offered in
the College and pointed out that the University of Kentucky has the only
College of Pharmacy in the State of Kentucky.

          Dean Cohen said that there is a major transition occurring
nationally in Pharmacy. He indicated that the major employer of the
students today is the chain pharmacy, and the chain pharmacy will move more
towards the automated mail order. He said that their objective in Pharmacy
is to train students who can function on a health care team in a primary
health care setting and manage drug therapy.

          He reviewed other important elements for the College such as the
budget, statewide activities, teaching health care reform, pharmaceutical
industry, industrial research funding and economic development and
elaborated on each of them.

          In closing, he commented on the kind of planning that needs to
take place in academic centers to maintain the quality that has been
achieved. He said that the infrastructure has to be supported through means