Minutes of the Meeting of the Executive Committee of the Board of Trustees of the University of
Kentucky, Thursday, July 5, 2001.

      The Executive Committee of the Board of Trustees of the University of Kentucky met at
10:00 a.m. (Lexington Time) on Thursday, July 5, 2001 in the Board Room on the 18th floor of
the Patterson Office Tower on the Lexington Campus.

      A.    Meeting Opened and Roll Call

      In the absence of Chairman Billy Joe Miles, Mr. Steven Reed, Vice Chairman, called the
meeting to order at 10:00 a.m. Ms. Marian Sims gave the invocation.

      B.    Roll Call

      The following members of the Executive Committee of the Board of Trustees answered
the call of the roll: Mr. Steven S. Reed, Ms. Marian Moore Sims, and Ms. Elaine A. Wilson.
Absent from the meeting were Mr. Billy Joe Miles and Ms. Alice Stevens Sparks. Other Board
members in attendance were Dr. Claire Pomeroy, Mr. Tim Robinson and Mr. Russ Williams.
The University of Kentucky administration was represented by President Lee T. Todd, Jr., Senior
Vice President and Chancellor of the Medical Center James W. Holsinger, Senior Vice President
for Administration Jack C. Blanton, Provost Michael Nietzel, Vice President for Research James
Boling, and General Counsel Richard E. Plymale.

      Members of the various news media were also in attendance. A quorum being present,
the Chairperson declared the meeting officially open for the conduct of business at 10:03 a.m.

      C.    Administrative Reorganization (ECR 1)

      President Todd thanked the Executive Committee members for attending the meeting,
especially on short notice. He said it would not be his practice to convene the Executive
Committee on such short notice or that frequently. He would like to have had the entire Board at
the meeting; however, to try to maintain momentum and do some of the things that he thinks are
important to everyone, he felt this meeting was necessary. He informed the Executive
Committee members that he had spoken directly to fourteen of the Board members on the Fourth
of July holiday on the phone and left messages for six members, three of whom have returned his
call saying that they liked his voicemail message.

      President Todd said that the first item on the agenda deals with reorganization and
requires action by the Executive Committee. The other three pieces are information items that he
wanted to cover with the Executive Committee: a Top-20 Task Force, a Task Force on UK's
Future: Faculty for the 21Is Century, and one other business item.

      Through a series of slides, President Todd began his presentation. He said that the Legal
Counsel and athletics positions were in place, and he did not have any announcements in regard