STUDENT LOAN FUND:

Student Loan Fund Investments - Acct. 6503

U. S. Treasury Bonds, Serial Nos. X509139G
                                X509 140G



      Total Student Loan Fund


ENDOWMENT FUND:

Peabody Endowment Fund Investment - Acct. 8002B

U.S. Treasury Bonds, Serial Nos. X509132G
                                X509 133G
                                X509 134G
                                X509 135G



Total Endowment Fund



$ 10, 000. 00
  10, 000.00



$ 20,000.00



$ 10, 000. 00
  10, 000. 00
  10, 000.00
  10, 000. 00



$ 40,000.00



       Members of the Board being advised, upon motion duly made, seconded
and carried, the action of the Treasurer was ratified and approved, and the
list of the securities, naming the organizations to which funds belong, was author-
ized made of record in these minutes.



      F. Agreement between University of Kentucky and Thomas Poe Cooper
Foundation for the Care of Pure Bred Cattle.

      Vice President Peterson presented Memorandum of Agreement between
the Thomas Poe Cooper Foundation and the University of Kentucky Agricultural
Experiment Station for the Experiment Station to supervise, care for, feed and
sell such herds of animals as may be owned by the Thomas Poe Cooper Founda-
tion. It is further understood that the Experiment Station may show the animals
or the herds in its own name and may use the animals and the herds in any proper
way designed to further its live stock improvement program.  The Experiment
Station is to retain 25% from the sale of any such animals so assigned by the
Thomas Poe Cooper Foundation as compensation for its services to the herds
or animals prior to the sale.

      The contract was read in its entirety. Members of the Board being
advised, upon motion duly made, seconded and carried, approved and authorized
execution of the contract on behalf of the University.



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