x    Approval of Leases (FCR 4)

     Mr. Hardymon reviewed the leases in FCR 4 and moved that the
Assistant to the President for Fiscal Affairs be authorized to negotiate and
execute the leases in excess of $30,000. The motion, which was seconded by
Mrs. Sims, passed. (See FCR 4 at the end of the Minutes.)

     Y.   Capital Construction Report (FCR 5)

     Mr. Hardymon reported that the Finance Committee had reviewed the
projects in the report and that the projects were in line. He moved that the
quarterly Capital Construction Report for the three months ending December
31, 1994 be accepted. His motion was seconded by Mr. Sturgill and it was so
ordered. (See FCR 5 at the end of the Minutes.)

     Z.   1994-95 Budget Revisions (FCR 6)

     Mr. Hardymon commented on the income estimates increases and the
expenditures and moved approval of the budget revisions as recommended
in FCR 6. His motion was seconded by Mrs. Weinberg and passed without
dissent. (See FCR 6 at the end of the Minutes.)

      AA. Patent Assignment (FCR 7)

      Mr. Hardymon stated that FCR 7 through FCR 14 are patent
assignments. He reminded the Board that it must approve the movement of
a patent from the individual into the University of Kentucky Research
Foundation. He noted that FCR 7 relates to the fields of chemical processing
and the recycling of waste plastic. He moved approval of FCR 7. Mrs.
Weinberg seconded the motion and it passed. (See FCR 7 at the end of the

      BB. Patent Assignments (FCR 8)

      Mr. Hardymon moved that FCR 8 which relates to the field of quality
controll and, more particularly to an apparatus and method for inspecting a
weld on a workpiece be approved. His motion, seconded by Mr. Shoop,
carried. (See FCR 8 at the end of the Minutes.)

      CC. Patent Assignment (FCR 9)

      On motion made by Mr. Hardymon, seconded by Dr. Meriwether and
passed, the patent assignment recommended in FCR 9 was approved. (See
FCR 9 at the end of the Minutes.)