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insured the life of John E. Clinkinbeard. He noted that Mr. Clinkinbeard
graduated from the University of Kentucky and was a UK Fellow. Mr.
Clinkinbeard established an endowed scholarship fund in the College of
Business and Economics in 1991 with the understanding that the scholarship
would be funded with the proceeds of an insurance annuity. Mr. Bates
seconded the motion and it passed. (See FCR 16 at the end of the Minutes.)

     KK. Good Samaritan Foundation. Inc. Pledge (FCR 17)

     Mr. Hardymon moved that the Board accept a pledge of $226,804 from
the Good Samaritan Foundation, Inc. of Lexington, Kentucky, to the College
of Nursing. This pledge is for rural health scholarships, community nursing
internships, and a faculty/nurse internship. He noted that the pledge will be
paid over three years. His motion, seconded by Mrs. Weinberg, carried. (See
FCR 17 at the end of the Minutes.)

      LL   GTE Telephone Operations Gift and Pledge (FCR 18)

      Mr. Hardymon said that FCR 18 is the official recognition of the GTE
Telephone Operations gift and pledge involving the library. He moved that
the Board accept from GTE Telephone Operations contributions of $450,000
toward payment of its $625,000 pledge to the Library Building Fund and the
Library Book Endowment Fund. Mr. Sturgill seconded the motion and it
unanimously carried. (See FCR 18 at the end of the Minutes.)

      MM. James Allfree Hetzel Bequest (FCR 19)

      Mr. Hardymon moved that the Board accept a bequest of $506,421.41
from the Estate of James Allfree Hetzel. He noted that Mr. Hetzel's gift will
establish and endow a general scholarship fund in the names of James Allfree
Hetzel and Mary Willis Saunders Hetzel. The motion, seconded by Professor
Mather, passed. (See FCR 19 at the end of the Minutes.)

      NN. Lucille P. Markey Charitable Trust Pledge (FCR 20)

      Mr. Hardymon moved that the Board accept a pledge of $1,900,000 from
the Lucille P. Markey Charitable Trust to the Lucille P. Markey Cancer Center
in the College of Medicine. He reported that the pledge is payable over four
years and will support immunotherapy and gene therapy cancer programs.
When this gift is completed in four years, it will bring to $13,146,000 the
amount the Lucille P. Markey Trust has given to the University Medical
Center since the trust was founded in 1983. His motion was seconded by Mr.
Crosbie and carried. (See FCR 20 at the end of the Minutes.)