Secretary, Cashier or Trust Officer, or a duly authorized
Assistant, all as of the day and year first above written.

                              BOARD OF TRUSTEES OF
                              UNIVERSITY OF KENTUCKY
                                          Ii~~~~~~~~~~


(SEAL)                                        Chairman

Attest:



      Secretary






(SEAL)

Attest:



      Secretary



FARMERS BANK & CAPITAL TRUST COMPANY,
Frankfort, Kentucky


By
          Authorized Officer



27