Minutes of the Meeting of the Executive Committee of the Board
of Trustees, University of Kentucky, IMarch 22, 1949.


     The Executive Committee of the Board of Trustees of the Universi-
ty of Kentucky met in the President's Office at 10:30 a.m., Tuesday,
March 22, 1949.   The following members were present: IIr. Guy A.
Huguelet, Chairman; R. P. Hobson, T. H, Cutler, and J. a. Everett.
Absent: Harper Gatton.   Judge Stoll, member of the Board of Trustees,
met with the Committee, and President Donovan and Secretary Peterson
were also present.


     A. Approval of Minutes.

     The minutes of the meetings of the Executive Committee of Jan-
uary 21 and February 22, 1949, were approved as published.


     B. Comptroller's Report.

     The Comptroller made the usual financial report, with balance
sheet as of February 28, 1949.   He submitted operating statement
for income and expenditures for all divisions and departments for the
period ended February 28, 1949.   He read a brief analysis of the
report: