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             President Wethington noted that this is Dr. Lee Magid's last
             official Board meeting. He expressed appreciation to her
             for her excellent service and contributions to the
             University. He asked her to stand and be recognized,
             following which she received a round of applause.

             President Wethington then introduced Dr. Del Collins who
             will be Acting Vice President for Research and Graduate
             Studies during the interim period. He informed the Board
             that Dr. Collins has been Vice Chancellor for Research and
             Graduate Studies for the Medical Center.

       2.   Former Kentucky Lieutenant Governor Wilson Wyatt, long
             active in national as well as state politics, has donated
             papers from his years in public service to the UK library's
             modern political manuscripts collection.

       3.    UK is included in the book, "The Guide to 101 of the Best
             Values in America's Colleges and Universities" for the third
             consecutive year.

       3.   A Fine Arts Center and an academic/technical building were
             dedicated December 22 at Henderson Community College.

       4.    Jefferson Community College's new Carrolltown Campus
             facility was opened January 23 during ceremonies.

       He asked the members of the Board to review the other items at
their leisure.

       President Wethington commented on Governor Brereton Jones' address
on budget recommendations and the budget implications for the University
and all of higher education. He expressed concern about the ability to
operate and manage the institution in the manner that he and the Board
desire with the proposed lean budget for another two years. He said that
the budget would be coming to the Board within the next few months as the
annual 1994-95 budget.

       E.    Community College System Presentation

       In response to the results of a survey of Board members regarding
their interests in receiving reports about the University, Chancellor Ben
Carr was asked to make a presentation on the Community College System.
Through a series of slides, he reviewed the history and the current
status of the System. He expressed appreciation for the opportunity to
share this information with the members of the Board and entertained
questions from them.

       F.    Personnel Actions (PR 2)

       President Wethington said that PR 2 reflects personnel actions
since the last Board meeting. He recommended that approval be given to
the appointments, actions and/or other staff changes which require Board
action; and that the report relative to appointments and/or changes
already approved by the administration be accepted. On motion made by
Mr. Clay, seconded by Mr. Welenken and passed, approval was given to the
personnel actions in PR 2. (See PR 2 at the end of the Minutes.)