Minutes of the Meeting of the Board of Trustees of the University
of Kentucky, Tuesday, March 6, 1990.

       The Board of Trustees of the University of Kentucky met at 1:00
p.m. Lexington time on Tuesday, March 6, 1990 in the Board Room on the
18th floor of the Patterson Office Tower on the Lexington Campus.

       A.    Meeting Opened and Roll Called

       Mr. Foster Ockerman, Chairman, called the meeting to order at
1 p.m., and the invocation was pronounced by Professor Raymond Betts.

       The following members of the Board of Trustees answered the call
of the roll: Mr. Foster Ockerman, (Chairman), Mr. Ted B. Bates,
Professor Raymond F. Betts, Mr. William E. Burnett, Jr., Professor Mary
Sue Coleman, Mr. Tracy Farmer, Mrs. Edythe Jones Hayes, Senator Walter D.
Huddleston, Mr. Sean Lohman, Dr. Robert P. Meriwether, Dr. Nicholas J.
Pisacano, Professor Judith Rhoads, Mr. James L. Rose, Mr. Jerome A.
Stricker, Mr. William B. Sturgill, Judge Julia K. Tackett, Mr. Billy B.
Wilcoxson and Judge Henry R. Wilhoit, Jr. Absent from the meeting were
Governor Albert B. Chandler and Judge Robert F. Stephens. The University
administration was represented by Interim President Charles T.
Wethington, Jr.; Chancellors Peter P. Bosomworth and Robert E. Hemenway;
Acting Chancellor Ben W. Carr, Jr.; Vice Presidents Edward A. Carter,
Wimberly C. Royster and Eugene R. Williams; and Mr. John C. Darsie,
General Counsel.

       Members of the news media were also in attendance. Mrs. Hayes
reported a quorum present, and Mr. Ockerman declared the meeting
officially open for the conduct of business at 1:03 p.m.

       B.    Minutes Approved

       Mr. Stricker noted that there had been a correction on page 3 of
the Investment Committee Report since it was distributed. He stated that
under the sales/maturities category the $76,000 Union Tank Bonds should
read $5,000. He requested that the correction be made in the Investment
Committee Report which is a part of the Minutes. The Minutes of the
January 23, 1990 meeting were approved as amended.

       C.    Report of Presidential Search Committee

       Mr. Ockerman reported that the Presidential Search Committee had
met twice. The Minutes of the first meeting and a draft copy of the
Minutes of the second meeting with attachments had been distributed to
the Board. The Minutes and attachments explain the progress being made
by the Search Committee. He noted that the press has been in attendance
at both meetings.