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certain real property and buildings in Paducah, Kentucky; and further,
that the President be authorized to execute an Agreement to Lease between
the University and Marion Pepsi-Cola Bottling Company, Inc. for the real
property and buildings in Paducah, Kentucky. He noted that the Board owes
a debt of gratitude to Dr. Meriwether for his efforts in arranging this
great gift to the University.

       Dr. Meriwether expressed appreciation for the gift and for the
advancement that it allows to the people of Paducah. He moved that FCR 7
be approved. The motion was seconded by Mr. Wilcoxson and unanimously
passed. (See FCR 7 at the end of the Minutes.)

       Q.   Appalachian Regional Healthcare Professorship for Hazard
Community College (FCR 8)

       Mr. Ockerman stated that FCR 8 relates to the establishment of an
Appalachian Regional Health Care professorship for Hazard Community
College. Support for this professorship is provided by a commitment of
$220,000 from Appalachian Regional Healthcare and a commitment of $200,000
in matching funds from the U.S. Department of Education consistent with
the provisions of the Hazard Community College Endowment Challenge. He
entertained a motion for approval. Mrs. Hayes so moved. Her motion was
seconded by Professor Rhoads and carried. (See FCR 8 at the end of the
Minutes.)

       R.    Investmten t    tpmmitQeUqpdate

       Mr. Stricker, Chairman of the Investment Committee, reported that
the Investment Committee had met to review the University's investments
and plans for the future.

       S.    Remarks by Mr. Ockgrman

       Mr. Ockerman called attention to the upcoming Student Government
election and expressed best wishes to Mr. Lohman for a good turnout.

       He also congratulated Mr. Newton and Coach Rick Pitino on the
University's great 1990-91 basketball season. He expressed appreciation
to them for their efforts and accomplishments.

       T.    Meeting Adjourned

       There being no further business to come before the Board, the
Chairman declared the meeting officially adjourned at 1:52 p.m.

                                       Respectfully submitted,



                                       Edythe Jones Hayes
                                       Secretary
                                       Board of Trustees

/6870

(PR's 2, 3A, 3B, SA, and 6A; FCR's 1, 2, 3, 4, 5, 6, 7, and 8 which follow
are official parts of the Minutes of the Meeting.)