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       F.    Personnel Actions (PR 2)

       President Wethington recommended that approval be given to the appointments, actions
and/or other staff changes which require Board action; and that the report relative to
appointments and/or changes already approved by the administration be accepted. Mr. Williams
moved approval. The motion, seconded by Ms. Wilson, passed. (See PR 2 at the end of the
Minutes.)

       President Wethington noted that the retirement of Edward A. Carter is a part of PR 2.
Mr. Carter is retiring after 16 years and nine months of consecutive service and 33 years and ten
months of total service to the University of Kentucky. He reported that Mr. Carter will not retire
until the end of December, and he has agreed to a one-year post-retirement appointment on a
part-time basis beyond that date. President Wethington thanked Mr. Carter for his significant
contributions to the University of Kentucky and asked him if he would like to make any
comments.

      Mr. Carter said that it had been a real pleasure working for the University and in higher
education finance for 38 years, and there is not a single moment he would change. He received a
round of applause from the Board members.

      G.    Proposed Amendments to the Governing Regulations (PR 3A!

      President Wethington stated that PR 3A is the official document that represents the Board
committee changes that have been recommended to the Board. The recommendation is that the
proposed amendments to the Governing Regulations be received for preliminary consideration
and at the next regular meeting of the Board of Trustees, be included on the agenda for final
action. President Wethington reviewed two editorial changes he made in the document. He
noted that the new committee structure would be put in place after the September meeting,
pending Board approval.

      Mr. Grayson stated that he would like to give unlimited terms for the chairperson of the
Board. In his opinion, if the Board has a good leader, they should keep that leader.

      Mr. Miles asked for a motion to approve PR 3A. Dr. Mather moved approval. Mrs. Sims
seconded the motion, and it carried. (See PR 3A at the end of the Minutes.)

      President Wethington announced that Mr. and Mrs. Tracy Farmer were in the audience
and asked that Mr. Chellgren, Chairperson of the Finance Committee, be allowed to address FCR
15, the Tracy Farmer Gift.

      H.    Tracy Farmer Gift (FCR 15)

      Mr. Chellgren stated that the Finance Committee unanimously recommended to the
Board for consideration a gift from Tracy Farmer of Midway, Kentucky in the amount of $2
million to create and endow the Tracy Farmer Center for the Environment. He moved the
adoption of FCR 15. The motion, seconded by Dr. Stumbo, passed unanimously. (See FCR 15
at the end of the Minutes.)