EXHIBIT A



                           UNITED STATES OF AMERICA
                           COMMONWEALTH OF KENTUCKY
                           UNIVERSITY OF KENTUCKY
                       HOSPITAL REVENUE BONDS, SERIES A

R-_                                                                      DOLLARS

DATE OF ORIGINAL ISSUE       INTEREST RATE          MATURITY DATE        CUSIP

REGISTERED OWNER:

PRINCIPAL AMOUNT:

           [Capitalized terms used herein have the meanings ascribed
           to  them   by  the  Master   Resolution  and   the  Series   A
           Resolution pursuant to which this Bond has been issued.)

           The Board of Trustees of the University of Kentucky (the "Board"), a
body corporate and governmental instrumentality of the Commonwealth of Kentucky
operating as an educational institution, for value received, hereby promises to
pay to the REGISTERED OWNER identified above, or registered assigns or legal
representative solely from the sources and in the manner hereinafter provided,
upon presentation and surrender of this Bond, the PRINCIPAL AMOUNT set out
above on the MATURITY DATE specified above, or on the date fixed for redemption
of this Bond if called for redemption prior thereto, at the principal corporate
trust  office   of                                ,  the  Trustee,   Registrar   and
Paying Agent, and to pay, but solely from such sources, to the REGISTERED OWNER
interest on the PRINCIPAL AMOUNT hereof at the INTEREST RATE specified above,
on the first day of February and August each year, commencing February 1, 1987,
from the Interest Payment Date to which interest has been paid next preceding
the date on which this Bond is authenticated, unless this Bond is authenticated
on an Interest Payment Date to which interest has been paid, in which event
this Bond shall bear interest from such date, or if this Bond is authenticated
prior to the first Interest Payment Date, this Bond shall bear interest from
the DATE OF ORIGINAL ISSUE set forth above, until the PRINCIPAL AMOUNT hereof
is paid.   Interest on this Bond shall be paid to the Owner registered as the
Owner on the Record Date, which shall be the fifteenth day of the calendar
month next preceding an Interest Payment Date, or if such date is not a
Business Day, then the next succeeding Business Day, by check or draft mailed
to such Owner at such Owner's address last appearing on the registration books
of the Registrar or at such other address as is furnished to the Registrar in
writing by such Owner.    All payments of principal, redemption premium, if any,
and interest on this Bond shall be payable in lawful money of the United States
of America.

           This Bond and the interest hereon are limited obligations of the
Board, and the Board shall not be obligated to pay the principal of, premium,
if any, or interest on this Bond except from the Net Revenues of the Operations
of  the Hospital,   and  this Bond,   together with all Additional     Indebtedness,
including  additional Series of    Bonds,  of the  Board issued    pursuant  to  the
Master Resolution are secured in pari passu by a pledge of such Net Revenues.



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