Minutes of the Meeting of the Board of Trustees of the University
of Kentucky, Tuesday, September 21, 1993.

       The Board of Trustees of the University of Kentucky met at 1:00
p.m. (Lexington time) on Tuesday, September 21, 1993 in the Board Room on
the 18th floor of Patterson Office Tower.

       A.    Meeting Opened

       Governor Edward T. Breathitt, Chairperson, called the meeting to
order at 1:00 p.m., and the invocation was pronounced by Mrs. Kay Bell.

       B.    Roll Call

       The following members of the Board of Trustees answered the call
of the roll: Governor Edward T. Breathitt (Chairperson), Mrs. Kay
Shropshire Bell, Mr. Paul Chellgren, Mr. Robert N. Clay, Mr. Lance Dowdy,
Mr. Henry Jackson, Professor Loys Mather, Dr. Robert P. Meriwether, Dr.
Elissa Plattner, Dr. Deborah Powell, Mrs. Marian Moore Sims, Professor
John Sistarenik, Jr., Mr. William B. Sturgill, Mr. Daniel C. Ulmer, Jr.,
Mrs. Lois Weinberg, Mr. Martin Welenken, and Judge Henry R. Wilhoit, Jr.
Absent from the meeting were Mr. James F. Hardymon, Mr. C. Frank Shoop,
and Mr. Billy B. Wilcoxson. The University administration was
represented by President Charles T. Wethington, Jr., Chancellors Peter P.
Bosomworth, Ben W. Carr, Jr., and Robert E. Hemenway; Vice Presidents
Joseph T. Burch, Edward A. Carter, Donald B. Clapp, and Eugene R.
Williams; Dr. Juanita Fleming, Special Assistant for Academic Affairs;
and Mr. Larry Ivy, Associate Director of Athletics.

       Governor Breathitt noted that Mr. Wilcoxson had attended the
Investment Committee meeting; however, due to a death in the family, he
was unable to stay for the Board meeting. He also noted that in Mr.
Hardymon's absence, Mr. Sturgill would present the report from the
Finance Committee.

       Members of the general public and the news media were also in
attendance. A quorum being present, Governor Breathitt declared the
meeting officially open for the conduct of business at 1:04 p.m.

       C.    Approval of Minutes

       Governor Breathitt stated that the Minutes of the August 17, 1993
meeting had been distributed and asked for additions or corrections. On
motion made by Dr. Meriwether, seconded by Mr. Sturgill and carried, the
Minutes were approved as distributed.

       D.    Nomination of Officers and Executive Committee

       Under the Governing Regulations, officers of the Board and the
Executive Committee are elected annually at the September meeting.    In
the absence of Mr. Wilcoxson, Chairperson of the Nominating Committee,
Governor Breathitt called upon Mrs. Sims for the Committee's Report.