Total interest cost from August 1, 1986,
  to final maturity
b4s en4tiom or plus discount, if any, bid
Net interest cost
Net interest rate



s ; P, da a S, J7.0
$ ZIP  E4 ok  
R        S Ads. -



           The  above  computation   of  net  interest  cost   is  submitted  for
information only and is not a part of this Bid. The average interest rate on
the Bonds is       Z.

           Accepted this      day of             , 1986.

                                      BOARD OF TRUSTEES OF THE
                                      UNIVERSITY OF KENTUCKY

                                      By_