Minutes of the regular meeting of the Board of Tiustees of
the University of Kentucky June 3, 1938.

     The Board of Trustees of the University of Kentucky met in
President McVey's office at the University of Kentucky June 3,
1938, at 10:30 a.m., in regular meeting.     Members of the Board
present were Louis Hillenmeyer who, in the absence of the Chairnan
and Vice-chairman of the Board, was made acting Chairman; H. S.
Cleveland, D. D. Stewart, Marshall Barnes, Harper Gatton, Com-
missioner of Agriculture Garth Ferguson, and J.C. Newcomb.    Presi-
dent McVey and D. H. Peak, Secretary of the Board, were present,


     1. Approval of Minutes.

     Neither a quorum of the Board nor a quorum of the Executive
Committee was present, and action on the minutes of the previous
meetings of the Board and Executive Committee was deferred.     How-
ever, it was decided that the members present pass on the matters
presented by the President, and that their action be referred to
the next meeting of the Executive Committee for approval and con-
firmation.


     2. President's Report

     The President's quarterly report to the Board of Trurtees was
read by him, and it was ordered recorded in the minutes.     TFhe
report is in words and figures as follows:



                QUARTERLY REPORT OF THE PRESIDENT

                1ELTING OF THE BOARD OF TRUSTEES

                           June 3, 1938



     This is the first time in my recollection that the last
quarterly meeting of the Board of Trustees for the year has b3en
held on Commencement day.    It is hoped that the arrangement will
prove satisfactory and that the members of the Board of Trustees
will attend the luncheon in the new Student Union building at one
o'clock.   It is also hoped that they will be present when the
Commencement Exercises take place this evening at 7:00 p.m. in the
stadium,   Comparatively few members of the Board have attended
Commencement Exercises.    Their presence would be an Inspiration,
and at the same time they would be given an impression of the Uni-
versity and what it is doing.