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       President Wethington expressed pleasure in reporting on the
University's progress toward the acceptance of a significant gift to the
University for use by the Paducah Community College. He stated that
Paducah Community College serves the higher education needs of the
Paducah region, and the University has been working for sometime toward
the achievement of this goal. He asked Dr. Meriwether to comment on the
progress.

       Dr. Meriwether reported that Paducah is among the finalists in the
phases of the AVLIS laser uranium enrichment project, a $2 billion
federal project. However, the availability of higher education in the
postgraduate area, particularly in engineering, was needed in the area in
order to obtain the industrial project. A Paducah committee had
prevailed upon President Wethington and the Board to develop a graduate
center in the Paducah area. He noted that one of the problems, however,
was a place to put the postgraduate center. He stated that he called
upon the vice chairman of the AVLIS project, Mr. Harry Crisp, who is also
the owner and operator of one of the largest Pepsi-Cola bottling
companies in the United States. He reported that Mr. Crisp had no
hesitancy in joining the Paducah committee and coming forward with a $4
million building to donate to the Paducah Community College and the
University to house the graduate facility. Dr. Meriwether expressed
appreciation to Mr. Crisp for the generous donation for Paducah's
industrial development and for the furtherance of higher education.

       President Wethington recommended that the administration be
authorized to negotiate with Mr. Harry Crisp and officials of the Marion
Pepsi-Cola Bottling Company with respect to the terms of a proposed gift
of property and buildings in Paducah, Kentucky. He personally thanked
Mr. Crisp for his willingness to make the gift. He stated that Mr. Crisp
was in attendance and asked him to stand and be recognized, following
which he was given a round of applause.

       Mr. Ockerman thanked Dr. Meriwether for his efforts in enticing
Mr. Crisp to do something good for the State of Kentucky. He also
expressed appreciation to Mr. Crisp for the extraordinary gift.

       Mr. Ockerman asked for a motion of approval. Dr. Meriwether so
moved. The motion was seconded by Mr. Burnett and carried. (See FCR 5
at the end of the Minutes.)

       Mr. Wilcoxson expressed appreciation to Dr. Meriwether for his
diligence and efforts in making this happen for the educational system.

       J.    Acceptane of Inter i nFinancial Report for the University of
Kentucky for the Six Months Ended December 31. 1990 (FCR 1)

       Mr. Ockerman said that the report is on target and entertained a
motion for approval. Mr. Rose so moved. His motion, seconded by Mrs.
Hayes, passed. (See FCR 1 at the end of the Minutes.)