2 -



      FCR 5 Dr. and Mrs. George Privett, Jr., Gift and Lexington Opera Society
                 Pledge
      FCR 6 Verizon Wireless Gift and Pledge
      FCR 7 Liz Clairborne Foundation Gift and Pledge
      FCR 8 Kenneth N. and Carol L. Robertson Pledge
      FCR 9 Ann Scott Maher Mason Gift
      FCR 10 Gifts and Pledges from Family and Friends of Gregory M. Jasko
      FCR 11 Estate of Madeline F. James Gift
      FCR 12 Gifts and Pledges to the Mark Lee Gross, M.D., Memorial Residency
                 Fellowship in Ophthalmology
      FCR 13 Mary Byron Foundation Gift and Pledge
      FCR 14 Dr. Thomas W. Lester and Family Pledge
      FCR 15 Kentucky American Water Gift and Pledge
      FCR 16 Markey Cancer Foundation Gift
      FCR 17 Paul Chellgren Pledge

      Mr. Hardymon pointed out that FCR 18, 19, and 20 are not consent items and said the
chair of the Finance Committee would be making a report on those items.

      Mr. Hardymon asked for any comments or questions on the consent items and then called
for a motion for approval. Mr. Branscum moved approval. Ms. Haney seconded his motion, and
it carried without dissent. (See PR 2 and FCR's 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16,
and 17 at the end of the Minutes.)

      C.    President's Report

      President Todd pointed out that FCR 1 through 17 totaled $11.7 million, which is a good-
sized investment for the university from some wonderful people. Approximately $11 million
will be matched, which will increase the university's endowment substantially. He congratulated
Terry Mobley, Mike Richey, and the development staff for their good work.

      President Todd said that he would be brief on PR 1. He also expressed pleasure in
getting PR 1 to the Board in advance of the meeting so the members had an opportunity to read it
prior to the meeting. If the Board has any questions or anything in particular that they want to
call to the Board's attention, they can do so.

      UK's HEEL program leads an effort to rescue children at risk from meth labs. The
      program has begun to move into areas that were never envisioned when it was initially
      set up. The University is working with several state agencies on trying to rescue these
      children who are at risk because meth labs are in their homes. Teachers and other public
      workers are being trained to recognize when children might be at risk, which is a very
      good thing.

      The Health Communication doctoral program went from eleventh to sixth place in the
      national ranking. This is a very strong program that touches a lot of different people.