Office of the President
                                             April 30, 1991




                                             FC2R /5



Members, Board of Trustees:


               ACCEPTANCE OF GIFT FROM HUMANA. INC.



Recommendation:  that the Board of Trustees accept the gift of $1
million from Humana, Inc. to the University of Kentucky for the
College of Business and Economics Program for Excellence.


Background:  Humana, Inc. has announced a gift of $1 million to the
College of Business and Economics to be paid in $250,000 increments
over a four year period. The Program for Excellence is an $8
million fundraising effort initiated by the UK Business Partnership
Foundation to match the General Assembly's appropriation to add a
major addition to the colleges's building on UK's Lexington Campus
and update the existing structure built in the 1960s. One-half of
the funds from Humana, Inc. will be used to purchase furnishings and
equipment; the remainder of the gift will be used to support
faculty enhancement programs.



Date:        April 30



Action taken:  Approved    V     Disapproved          Other_



, 1991