"First Notice"
                      NOTICE OF REDEMPTION

        RE: UNIVERSITY OF KENTUCKY COMMUNITY COLLEGES EDUCATIONAL
             BUILDINGS REVENUE BONDS, SERIES G, DATED SEPTEMBER 1,
             1989

       Notice is hereby given that the Board of Trustees of
University of Kentucky has provided for the refunding of the Series
G Bonds maturing on and after May 1, 2000, bearing CUSIP numbers
914386-   ;   914386-   ;   914386-   ;   914386-   ;   914386-
914386-   ; 914386-    ; 914386-    ; 914386-   ; 914386-     ; and
914386-   ; through the deposit in escrow with National City Bank,
Lexington, 801 East Main Street, Lexington, Kentucky 40507, as
Trustee Escrow Agent, of direct obligations of the United States of
America maturing in such amounts and on such dates as will be
sufficient to pay the interest on said Bonds as same becomes due,
and, will be sufficient to redeem said Series G Bonds scheduled to
mature on and after May 1, 2000, on May 1, 1999.      The Series G
Bonds called for redemption shall be payable solely from the
investments held in escrow, and said Series G Bonds shall no longer
be secured by the pledge of the Revenues of the Community Colleges
Educational Buildings Project created by the Resolution of the
Board of Trustees of University of Kentucky pursuant to which the
Series G Bonds have been issued.

        The remaining Series G Bonds scheduled to mature on May 1,
2000 through May 1, 2010 will be paid as and when they become due.
Attention is called to the fact that no action is required by the
owners of such called Bonds until May 1, 1999.     Funds sufficient
for the payment of the interest on the Bonds through May 1, 1999,
and the redemption price of the Bonds to be redeemed on May 1,
1999, have been placed on deposit and invested in United States
Government obligations.   (Signed) National City Bank, Lexington,
Escrow Agent.

                          "Second Notice"
                       NOTICE OF REDEMPTION

        RE: UNIVERSITY OF KENTUCKY COMMUNITY COLLEGES EDUCATIONAL
             BUILDINGS REVENUE BONDS, SERIES G, DATED SEPTEMBER 1,
             1989

        Owners of the above-identified Bonds scheduled to mature on
May 1,  2000  through  2010,  bearing  CUSIP  numbers   914386-
914306-   ;   914386-   ;   914386-   ;   914386-    ;   914386-
914386-_, 914386-     ; 914386-   ; 914386-    ; and 914386-   ; are
advised that such Bonds are called for redemption on May 1, 1999,
at the principal corporate trust office of National City Bank,
Lexington, 801 East Main Street, Lexington, Kentucky 40507. Owners
of said called Bonds are notified to prenent them as set out above
and upon surrender thereof, said Bonds will be redeemed at a price
of $5,100 per $5,000 Bond (102%) plus accrued interest to May 1,
1999.  Interest on said called Bonds will no longer accrue after
May 1, 1999. (Signed) National City Bank, Lexington, Escrow Agent.