EXHIBIT B

                              NOTICE OF BOND SALE



            UNIVERSITY OF KENTUCKY HOSPITAL REVENUE BONDS, SERIES A

            The Board of Trustees of the University of Kentucky, will until
       p.m., E.D.T. on         ,         , 19_ at the office of the President,
Administration Building, University of Kentucky Campus, Lexington, Kentucky
40506, receive competitive, sealed bids for $               of its University of
Kentucky Hospital Revenue    Bonds,  Series A,   dated            1, 19   , being
registered bonds in denominations in multiples of $5,000, to mature serially on
          1, 19  , through    l_ 1, 20 _ , in such principal amounts, subject
to such limitations and tax-exempt, as specified in the Official Terms and
Conditions of Sale of Bonds.     Minimum bid is $               (97-3/4% of par).
Good  faith  check  is   $           (1%).   Legal   Opinion  by  Rubin   &  Hays,
Louisville, Kentucky.

           Preliminary  Official   Statement,   including   Official   Terms   and
Conditions  of  Sale  of  Bonds  and  the Bid Form, may be obtained      from the
Financial Advisor:

                    J J B Hilliard, W L Lyons Incorporated
                            545 South Third Street
                          Louisville, Kentucky  40202
                                (502) 588-8472

           The right to reject any and all bids and to waive irregularities or
informalities is reserved.   Board of Trustees, University of Kentucky, (signed)
Henry Clay Owen, Treasurer.