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       S.    Acceptance of Gift from Jean Cameron Whitfield (FCR 10)

       Mr. Ockerman recommended that the Board accept a gift of $100,000
from Jean Cameron Whitfield and authorize the creation of an endowed fund
entitled the Edward Clarke Whitfield Memorial Scholarship Fund. The
creation of the endowed fund is to benefit students from Harlan County who
desire to attend the University of Kentucky. The motion, which was made by
Professor Bratt and seconded by Mrs. Sims, was voted on and passed. (See
FCR 10 at the end of the Minutes.)

       T.    Report of Investments (ICR 1)

       Mr. Wilcoxson, Chairman of the Investment Committee, reported that
the Report of Investments had been reviewed and discussed by the Committee.
He moved that the Report of Changes in Investments for the University of
Kentucky and its affiliated corporations for the three months ended
September 30, 1991 be accepted. His motion was seconded by Mr. Shoop and
carried. (See ICR 1 at the end of the Minutes.)

       U.    Chief Justice Robert F. Stephens Recognized

       Mr. Ockerman reported that Chief Justice Stephens was reappointed to
the Board of Trustees. He thanked him for his past efforts and stated that
he looked forward to renewed contributions in the future.

       V.    Meeting Adjourned

       There being no further business to come before the Board, the
Chairman adjourned the meeting at 1:48 p.m.

                                       Respectfully submitted,



                                       Edythe Jones Hayes
                                       Secretary
                                       Board of Trustees

(PR's 2, 4A, and 4B; FCR's 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10, and ICR 1
which follow are official parts of the Minutes of the meeting.)



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