Minutes of the Meeting of the Board of Trustees of the University of Kentucky,
Wednesday, March 9, 2005.

      The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington
time) on Wednesday, March 9, 2005, in the Board Room on the 18t1h Floor of Patterson
Office Tower.

      A.    Meeting Opened

      Mr. James Hardymon, Chair, called the meeting to order at 1:00 p.m. and asked
the secretary of the Board, Ms. Elaine Wilson, to call the roll.

      B.    Roll Call

      The following members of the Board of Trustees answered the call of the roll:
Mira Ball, Steve Branscum, Marianne Smith Edge, Ann Haney, James Hardymon
(Chair), Michael Kennedy, Pam May, Billy Joes Miles, Roy Moore, Phillip Patton,
Steven Reed, Frank Shoop, Alice Sparks, Myra Tobin, Rachel Watts, JoEtta Wickliffe,
Billy Wilcoxson, Russ Williams, Elaine Wilson, and Barbara Young. The University
administration was represented by President Lee T. Todd, Jr., Provost Michael Nietzel,
Acting Executive Vice President for Finance and Administration Frank Butler, Executive
Vice President for Health Affairs Michael Karpf, Executive Vice President for Research
Wendy Baldwin, and General Counsel Barbara W. Jones.

        Members of the various news media were also in attendance. A quorum being
present, the Chair declared the meeting officially open for the conduct of business at 1:03
p.m.

      Mr. Hardymon noted the perfect attendance and thanked everyone for attending
the meeting. He also thanked the members who attended the committee meetings earlier
that morning. He referred to the following consent items on the agenda:

      Minutes - January 11, 2005
      PR 2     Personnel Actions
      AACR 1 Change in Name of an Educational Unit
      AACR 2 Establishment of a Cardiovascular Research Center
      AACR 3 Bachelor of Science in Computer Engineering
      FCR 1    Gifts and Pledges to the University of Kentucky Oral History
                   Endowment Fund
      FCR 2    Gifts and Pledges to the Paul C. Van Booven Fellowship Endowment
                   Fund
      FCR 3    Gifts and Pledges to the Kaye Matthews Stone Memorial Endowment
                   Fund for Pancreatic Cancer
      FCR 4    Barnstable-Brown Party Diamond Derby, Inc. Gift
      FCR 5    Donation of the John C. Wyatt/Lexington Herald-Leader Collection