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       H.    Approval of Charter of Organization for Ashland Community
College Development Council (PR 4A)

       President Wethington stated that PR 4A reflects the wish of
Ashland Community College to formally set up an organization to advise
and assist in activities which encourage private gifts from alumni,
students, friends, corporations and foundations. He, therefore,
recommended that the Board approve a proposed Charter of Organization
for the Ashland Community College Development Council. The motion,
which was made by Judge Stephens and seconded by Professor Betts,
passed. (See PR 4A at the end of the Minutes.)

       I.   Associate Degree Program in the Community College System
- Ashland Community College (PR 4B)

       President Wethington recommended that the Board of Trustees
authorize for submission to the Council on Higher Education a new
degree program Associate Degree in Applied Science, Engineering
Technology, Computer Repair Option, for the Ashland Community
College. He noted that this program will be funded from existing
resources. Mrs. Sims so moved. The motion, seconded by Mr. Crosbie,
carried. (See PR 4B at the end of the Minutes.)

       J.    Acceptance of Interim Financial Report for the University
of Kentucky for the Three Months Ended September 30. 1991 (FCR 1)

       Mr. Ockerman, Chairman of the Finance Committee, reported that
the revenue and expenditures were on track and recommended approval of
FCR 1. Mr. Shoop so moved. His motion was seconded by Mrs. Hayes and
passed. (See FCR 1 at the end of the Minutes.)

       K.    Disposal of Personal Property (FCR 2)

       With the concurrence of the Finance Committee, Mr. Ockerman
recommended that the Board approve the disposition of surplus
equipment as described in Exhibit 1. Dr. Foster so moved. The
motion, seconded by Mrs. Bell, carried. (See FCR 2 at the end of the
Minutes.)

       L.    Acceptance of the Financial Statements of the Universitv
of Kentucky and Affiliated Corporationsaand Other Related
Organizations for the Year Ended June 30, 1991 (FCR 3)

       On recommendation of the Finance Committee, Mr. Ockerman
entertained a motion that the Board accept the audited financial
statements of the University of Kentucky, including the Management
Letter and a Report on Compliance with House Bill 622, and separate
financial statements for the Housing and Dining System, the Tobacco
and Health Research Institute, and the University Hospital, for the
year ended June 30, 1991. Professor Rhoads so moved. Her motion was
seconded by Mr. Rose and passed. (See FCR 3 at the end of the
Minutes.)