- 2 -



       3. The University of Kentucky received $7.5 million in renewed funding in support of
          Alzheimer's Disease work being done at the University, especially through the Center
          on Aging. Dr. William Markesbery and his staff received this funding from the
          National Institute on Aging.

      4. Secat, the aluminum consortium located at Coldstream Research Campus, has
          received $3.5 million in grants to do materials research, particularly related to the
          aluminum industry.

      5. The UK Center for Rural Health in Hazard, Kentucky has been named the number
          one Center for Rural Health in the nation.

      6. Professor Gregory Brock of the University of Kentucky is riding a bicycle across the
          country and teaching a course through the Internet. He launched his "UK Across
          America" project on June 1st and will be meeting with alumni along his way.

      President Wethington asked the members to read the other items in the report at their
leisure.

      E.    Personnel Actions (PR 2)

      President Wethington recommended that approval be given to the appointments, actions
and/or other staff changes which require Board action; and that the report relative to
appointments and/or changes already approved by the administration be accepted. Mr. Williams
moved approval. The motion, seconded by Ms. Wilson, carried. (See PR 2 at the end of the
Minutes.)

      F.    Appointment of Board of Directors University of Kentucky Research Foundation
             (PR 3A!

      President Wethington stated that PR 3A is a recommendation for appointment to the
Board of Directors of the University of Kentucky Research Foundation (UKRF). The
recommendation is that approval be given to the appointment of F. Richard Kurzynske as a
public member of the UKRF Board for a three-year term beginning July 1, 2000 and ending June
30, 2003. This appointment is recommended to the Board of Trustees by the Nominating
Committee of the UKRF Board. On motion made by Ms. Sims, seconded by Mr. Shoop and
carried, PR 3A was approved. (See PR 3A at the end of the Minutes.)

      G.    Report on Results of Alumni Member Election (PR 3B)

      President Wethington stated that PR 3B is a report on the results of the alumni member
election for consideration on the Board. The second page is a letter from Dan Reedy, Secretary
to the Board, to President Wethington with the official results of the election. The three persons
receiving the largest number of votes are Marianne Smith Edge, Thomas "Gene" Spragens, Jr.,
and Myra Leigh Tobin. President Wethington noted that upon the Board passing this action the
three names will be forwarded to Governor Paul Patton for an appointment to the Board as a
replacement for Ted Bates. Ms. Wilson moved approval. The motion, seconded by Mr. Guthrie,
passed. (See PR 3B at the end of the Minutes.)