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      He said that there were 26 team members representing 19 other southeastern
institutions. The team conducted 500 interviews while they were on campus and also
traveled to Paducah. They visited all of the University's campus sites.

      As the process goes forward, SACS will submit a draft report to the University
and only factual errors can be corrected. The formal report will be submitted to the
University in June of this year. September 15th is the deadline to submit a written
response to the report, including a plan on how to address the shortcomings they found in
the "must" statements. The official notification about the re-accreditation process will be
received in January 2003.

      Dr. Plattner talked about the Tuesday morning President Todd gave his remarks to
the Visiting Team. She said the Team was sitting politely around the table with their
thick notebooks and pens until President Todd mentioned that one of UK's initiatives is
to work very close with its sister university, the University of Louisville. Everybody
immediately picked up their pencils and started writing. Then President Todd said that
another outreach is with the independent colleges in the state who are such a rich
resource of education. He mentioned a number of things UK is doing, and everyone on
the Team took extensive notes while he was speaking. Dr. Plattner congratulated
President Todd on a great speech that Tuesday morning.

      Following a round of applause, President Todd said he would not have to do that
for another ten years. It was one of those ten-year speeches.

      L.    Update on Top 20 Task Force

      President Todd asked Acting Provost Nietzel to come forward and talk about the
Top 20 Task Force. He mentioned that Phyllis Nash is also working on the Top 20 Task
Force as well as several other things, including the Work-Life Program with Jennifer
Swanberg. He asked Dr. Nash, Ms. Swanberg and Professor Bratt to stand and be
recognized. They received a round of applause.

      Acting Provost Nietzel thanked President Todd and reminded the Board that a
little less than a year ago President Todd formed a Top 20 Task Force and appointed
several faculty, students and individuals from outside the University to that Task Force.
Today is an opportunity to present a summary of the report that the group has put
together for the Board's consideration and for the beginning of a campus-wide discussion
about the document and where it would take the University.

      The charge to the Task Force was to identify the dimensions and the measures the
University would use as it calibrates progress over the next several years toward
becoming one of the nations' premiere research universities as well as contributing to the
improvement of the quality of life and the economy of the State of Kentucky. That dual
objective has always been paramount in the Task Force's consideration. He said he was
there to introduce Dr. Phyllis Nash who has been an outstanding leader of the Task Force