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       Yeas for the Motion                 Nays Against the Motion

       Robert T. McCowan                           None
       William R. Black
       John S. Cain
       Timothy A. Cantrell
       Albert G. Clay
       George W. Griffin
       Edythe Jones Hayes
       Brereton C. Jones
       R. Larry Jones
       James D. Kemp
       T. A. Lassetter
       W. Bruce Lunsford
       Frank Ramsey
       James L. Rose
       Bobby Watson
       Constance P. Wilson

       Thereupon, the Chairman declared that said motion had been adopted
and the President was authorized to proceed accordingly. (See FCR 16 at
the end of the Minutes.)

       Thereupon, a motion was made by Trustee Clay and seconded by Trustee
Rose that a Resolution entitled:

       A RESOLUTION AUTHORIZING THE PRESIDENT OF THE UNIVERSITY TO FIX THE
       DATE AND HOUR OF THE SALE OF UNIVERSITY OF KENTUCKY CONSOLIDATED
       EDUCATIONAL BUILDINGS REFUNDING REVENUE BONDS, SERIES G (SECOND
       SERIES), SERIES H (SECOND SERIES), AND SERIES I (SECOND SERIES),
       DATED AUGUST 1, 1986, TO ARRANGE FOR PUBLICATION OF THE NOTICE OF
       SALE OF THE BONDS WITH RESPECT THERETO, AND TO TAKE CERTAIN OTHER
       ACTION IN CONNECTION THEREWITH, ALL SUBJECT TO THE RATIFICATION AND
       CONFIRMATION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR
       OF THE FULL BOARD OF TRUSTEES,

be adopted. Upon such Resolution and documents having been read and fully
considered. a vote was taken on the motion to adopt such Resolution, which
resulted as follows:

       Yeas for the Motion                 Nays Against the Motion

       Robert T. McCowan                           None
       William R. Black
       John S. Cain
       Timothy A. Cantrell
       Albert G. Clay
       George W. Griffin
       Edythe Jones Hayes
       Brereton C. Jones
       R. Larry Jones
       James D. Kemp
       T. A. Lassetter
       W. Bruce Lunsford
       Frank Ramsey
       James L. Rose
       Bobby Watson
       Constance P. Wilson