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       N.    Disposal of Personal Property (FOR 2)

       Mr. Bates stated that FCR 2 addresses the disposal of personal
property consisting of vehicles, farm equipment and surplus Medical
Center Library books. The disposal would be done through public auction
on April 8. He moved its acceptance. His motion was seconded by Mr.
Burnett and passed. (See FCR 2 at the end of the Minutes.)

       0.    Establishment of a Mandatory Registration Fee Policy (FOR 3)

       Mr. Bates stated that FCR 3 concerns the establishment of a
mandatory registration fee policy and asked Mr. Carter to expound on the
policy.

       Mr. Carter stated thaL the policy comes to the Board as a result
of a conversation the Board had about a year ago with the adoption of
the operating budget. This policy takes two things into consideration:
(1) the relative ability of Kentuckians to pay and (2) the market in
which the University competes, basically the benchmark institutions. He
explained that this policy parallels the policy the Council on Higher
Education uses in setting the tuition for higher education in Kentucky,
and stated that this policy sets the context in which the administration
will propose any additional increases in the registration fee.

       Mr. Bates moved the acceptance of FOR 3. His motion was seconded
by Mr. Sturgill and carried. (See FOR 3 at the end of the Minutes.)

       P.   Affiliated Corporations of The University of Kentucky
Booklet

       Mr. Ockerman called attention to the booklet on Affiliated
Corporations of The University of Kentucky which Mr. Darsie had
distributed. He asked the Board to review the booklet and feel free to
contact President Roselle, Mr. Darsie or himself regarding any questions.

       Q.    Investment Committee Report

       Mr. Stricker, Chairman of the Investment Committee, reported that
the Investment Committee met on the morning of April 4, 1989 and had
presentations by investment advisors on how to improve the yield on
short-term investments. It was an information session and no action was
taken at the meeting.

       R.    Meeting Adjourned

       There being no further business to come before the Board, the
Chairman adjourned the meeting at 1:45 p.m.

                                        Respectfully submitted,



                                        John C. Darsie
                                        Assistant Secretary
                                        Board of Trustees

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



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