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

      President Singletary reminded the Trustees of the following events:

      April 13, 1987 - The Gubernatorial Candidate Forum which is being
      cosponsored by the Kentucky Advocates for Higher Education and the
      Prichard Committee for Educational Excellence. A reception is
      scheduled from 6:00 to 7:30 p.m. on the 25th floor of the Humana
      Building and the forum at 8:00 p.m. in the Kentucky Center for the
      Arts. President Singletary urged the Board members to attend.

      May 5, 1987 - The May Board meeting which will be held in Ashland at
      3:00 p.m. The meeting will be followed by a reception for the
      people in that area of the state who have been U.K. supporters, and
      Ashland Oil will host a dinner that evening. A block of rooms has
      been reserved for those needing overnight accommodations.

      May 9 - The Commencement exercises which are scheduled for 4:00 p.m.

      In reviewing his "Report to the Trustees," copies of which were
distributed earlier, President Singletary called attention to (1) the
$959,000 National Institutes of Health grant in support of the Cholesterol
and Cardiovascular Risk Reduction Program, (2) the development efforts in
the Community College System which have brought in $1 million, (3) a series
of joint research seminars conducted by the University and the IBM
Corporation, and (4) the annual Distinguished Professor Lecture which will
be given at 8 p.m. tonight by College of Arts and Sciences Distinguished
Professor Joseph A. Bryant, Jr.

       President Singletary indicated his pleasure in reporting that he had
received notification from an individual who wished to remain anonymous
that he had signed a Codicil to his Will leaving the University of Kentucky
$1 million. Mr. McCowan stated that he had received a copy of the letter
received by President Singletary and read the following excerpt:

       This is being done in your honor, and although I wish it to
       be anonymous at the moment, there is no reason not to include
       it in your 1987 pledges. Should a project develop of interest
       ..we would consider prepayment.

       Let me tell you in a simple word that you have been a magnificent
       President of the University, have made many friends, and will be
       missed in your official capacity. Lexington is fortunate that you
       will continue to live here.

       Mr. McCowan expressed his appreciation for President Singletary's
many contributions to the University and the Commonwealth of Kentucky,
following which President Singletary was given a round of applause.

       F.    Personnel Actions  (PR 2)

       With President Singletary so recommending, on motion made by Mr.
Jones, seconded by Professor Driscoll and carried, the routine personnel
actions in PR 2 were approved. (See PR 2 at the end of the Minutes.)