Office of the President
                                           December 10, 1991








Members, Board of Trustees:


                 Establish.ment of_QUASi-Endowment For
                       Study Abroad Scholarship


RecQnin~d~aatig: that the Board of Trustees approve the establishment
of a quasi-endowment fund to establish the Office of International
Study Abroad Scholarship Fund.

Background: The Office of International Affairs proposes to establish
a Study Abroad Scholarship Fund. One of the primary constraints for
many University of Kentucky students who would like to study abroad is
the added expense of doing so. The Office of International Affairs
proposes to contribute $95,745 from fixed price contract residual
funds, permitting annual scholarship awards of $4,500.

By this action the Board of Trustees will establish the fund and
permit the allocation of funds to implement this authorization.



Action taken:  Approved   -       _   Disapproved

Date: December 10~ 1991



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