THE FUND FOR ADVANCEMENT OF EDUCATION AND RESEARCH
    IN THE UNIVERSITY OF KENTUCKY MEDICAL CENTER
                Statement of Portfolio Changes
                For the Third Quarter, 1971



Purchase
  Date



Yield



FIC Bank Bonds

Federal Land Bank Bonds

FNMA Notes

Banks for Cooperatives Notes

FIC Bank Bonds

FNMA Notes

FIC Bank Bonds

Certificate of Deposit

Certificate of Deposit

Certificate of Deposit

      Total - Purchases



Sales:



7/ 1/71

7/20/71

7/30/71

8/ 2/71

8/ 2/71

8/10/71

9/ 1/71

9/29/71

9/30/71

9/30/71



Maturity
Date



FIC Bank Bonds

Certificate of Deposit

      Total - Sales



7/ 1/71

9/25/71



5. 85%

6.50%

6. 16%

6. 125%

6.25%

7.15%

5.55%

6. 125%

6.00%

5. 875%



Yield



7.10%

7.50%



$   200,000.00

    100,000.00

    100,000.00

    100,000.00

    100,000. 00

    100,000. 00

    200,000.00

    200,000.00

    100,000.00

    100,000.00

$ 1,300,000.00



Par Value



$   100,000.00

    100,000.00

$_ 200,000.00



Purchases:



Par Value