Minutes of the Meeting of the Board of Trustees of the University
of Kentucky, Tuesday, April 7, 1992.

       The Board of Trustees of the University of Kentucky met at 1:00
p.m. (Lexington time) on Tuesday, April 7, 1992 in the Board Room on the
18th floor of Patterson Office Tower on the Lexington Campus.

       A.    Meeting Opened and Roll Call

       In the absence of Mr. Foster Ockerman, Mr. William E. Burnett,
Vice Chairman, called the meeting to order at 1:00 p.m., and the
invocation was pronounced by Professor Raymond F. Betts.

       The following members of the Board of Trustees answered the call
of the roll: Mrs. Kay Shropshire Bell, Professor Raymond F. Betts,
Professor Carolyn S. Bratt, Mr. William E. Burnett, Jr., Mr. Scott A.
Crosbie, Mrs. Edythe Jones Hayes, Mr. Asa L. Hord, Dr. Robert P.
Meriwether, Professor Judith Rhoads, Mr. James L. Rose, Mr. C. Frank
Shoop, Mrs. Marian Moore Sims, Chief Justice Robert F. Stephens, Mr.
William B. Sturgill, Mr. Daniel C. Ulmer, Jr. Mr. Billy B. Wilcoxson,
and Former Governor Wallace G. Wilkinson. Absent from the meeting were
Dr. Jack D. Foster, Mr. Foster Ockerman and Judge Henry R. Wilhoit, Jr.
The University administration was represented by President Charles T.
Wethington, Jr.; Chancellors Peter P. Bosomworth and Ben Carr, Jr.; Vice
Presidents Joseph T. Burch, Edward A. Carter, Donald B. Clapp, Linda J.
Magid and Eugene R. Williams; Dr. Juanita Fleming, Special Assistant to
the President for Academic Affairs; Mr. C. M. Newton, Athletics
Director, and Mr. John Darsie, Legal Counsel.

       Members of the News media were also in attendance. A quorum
being present, Mr. Burnett declared the meeting officially open for the
conduct of business at 1:04 p.m.

       B.    Minutes Approved

       On motion made by Mrs. Sims, seconded by Mr. Shoop and passed,
the Minutes of the March 3, 1992 meeting of the Board of Trustees were
approved as written.

       C.    President's Report to the Trustees (PR 1)

       In reviewing his "Report to the Trustees, President Wethington
said there were many good, positive things to report. He called
particular attention to the following items:

       1.    The University has set another record for private giving.
             Donations from all sources in the 1991 calendar year were
             $27,899,319, a 4 1/2 percent increase over 1990's $26.7

       2.    The Commonwealth Library Campaign has exceeded $14.4
             million. By mid-March, more than 66 percent of the
             faculty, staff and retirees of the University had
             contributed to the campaign. President Wethington said
             that he was delighted with the response from the University
             community to this campaign.