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System Refunding Revenue Bonds, Series N, to be dated the first day of
the month in which they are issued or sold. He reported that the
estimated savings for these bonds is smaller in numbers ($22,000 a year)
but is worth the paperwork and effort. He moved approval of FCR 12. His
motion, seconded by Mrs. Weinberg, carried. (See FCR 12 at the end of
the Minutes.)

       T.   Mr. Dowdy's Comments

       Mr. Dowdy commended the efforts of President Wethington, Governor
Breathitt and Dr. Meriwether for their efforts on the Governor's
Commission on Higher Education.

       He then referred to the recent weather conditions and the
decisions made regarding the University's operation. He said that he was
not there to discuss whether it was a good or bad decision to have the
University open during the recent weather conditions. He expressed hope
that there would be student and faculty involvement in making future
decisions about the University during inclement weather.

       Mr. Dowdy said that he was glad that Governor Jones had said
something along the lines of a tuition freeze; however, everyone needs to
worry about funding higher education. He said that the students would be
doing all that they could to aid the University in getting proper funding
so that programs would not have to be cut.

       U.    President Wethington's Comments

       President Wethington said that he and Mr. Dowdy had discussed Mr.
Dowdy's interest in being involved in decisions about the University's
operation during inclement weather. He assured him that the Student
Government President and the Senate Council Chairperson could have input
in the future if they wished. He said that it will continue to be a
decision made by the University administration.

       President Wethington reported that the Hospital Board will meet
immediately following the Board meeting to discuss a children's hospital
within a hospital. He indicated that this topic will probably get a lot
of attention and he wanted the Board to be apprised of the issue to be
discussed at the meeting. He said that if a decision is made by the
Hospital Board to move ahead, the item will come to the Board of Trustees
for consideration.

       V.    Meeting adjourned

       There being no further business to come before the Board, the
meeting adjourned at 2:08 p.m.

                                        Respectfully submitted,



                                        Lois C. Weinberg
                                        Secretarv
                                        Board of Trustees

(PR 2 and 4A; FCR 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12 which follow
are official parts of the Minutes of the meeting.)

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