RESOLUTION  OF  THE  EXECUTIVE  COMKITrEE  OF  THE  BOARD  OF
                  TRUSTEES  OF   THE   UNIVERSITY   OF   KENTUCKY,   RATIFYING,
                  CONFIRMING  AND  APPROVING   TEE  SERIES   A  RESOLUTION   AS
                  CORRECTED TO REFLECT THE PRINCIPAL MATURITIES OF THE
                  SERIES A BONDS TO BE ISSUED IN THE TOTAL PRINCIPAL AMOUNT
                  OF $21,000,000, AND RELATED CLARIFYING LANGUAGE.

                  WHEREAS, the Board of Trustees of the University of Kentucky, on

       June 25, 1986, adopted a Resolution entitled:

                  A RESOLUTION AUTHORIZING THE ISSUANCE OF $25,000,000 OF
                  UNIVERSITY OF KENTUCKY HOSPITAL REVENUE BONDS, SERIES A,
                  OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY,

       (the "Series A Resolution") which Resolution provided that the actual principal

       amount of Series A Bonds to be issued and the date of sale for said Series A

       Bonds should be determined by Executive Order of the President; and

                   WHEREAS, by Executive Order of the President of the University of'

       Kentucky, it has been determined that the Series A Bonds shall be issued in the

       principal amount of $21,000,000 and that the date of sale of said Series A

       Bonds shall be July 29, 1986; and

                   WHEREAS, it has been determined that the Series A Resolution should

        be clarified as to those provisions affected by the reduction in the authorized

        principal amount of the Series A Bonds to be issued.

                   NOW, THEREFORE, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF
        THE UNIVERSITY OF KENTUCKY, DOES HEREBY RESOLVE AS FOLLOWS:

                   Section 1.  That the principal maturities of the Series A Bonds in
        the authorized principal amount of $21,000,000 be incorporated into the Series
        A Resolution as shown on the attached Exhibit A.

                   Section 2.  That the Series A Resolution be clarified as to those
        provisions shown on the attached Exhibit A.

                   Adopted July 29, 1986.
        (Seal)                                _  _  E  _  /   _  /  _  _  _   /    _/
                                                               Chairman
        Attest:,


As  tant Secretary, Board of Trustees

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