Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, Tuesday, December 9, 1986.

       The Board of Trustees of the University of Kentucky met at 1 p.m.
(Eastern Standard Time) on Tuesday, December 9, 1986 in the Board Room on
the 18th floor of the Patterson Office Tower on the Lexington Campus.

       A.    Meeting Opened and Roll Called

       Mr. Robert T. McCowan, Chairman, called the meeting to order at 1
p.m., and the invocation was pronounced by Professor Betts.

       The following members of the Board of Trustees answered the call of
the roll: Mr. Robert T. McCowan (Chairman), Professor Raymond F. Betts,
Mr. William R. Black, Governor Albert Benjamin Chandler, Mr. Albert G.
Clay, Professor David R. Driscoll, Jr., Mr. Tracy Farmer, Mr. Ronald G.
Geary, Ms. Donna G. Greenwell, Mrs. Edythe Jones Hayes, Mr. Henry E.
Hershey, Mr. R. Larry Jones, Mr. Frank Ramsey, Mr. James L. Rose, Mr.
Bobby Watson, and Professor Constance P. Wilson. Absent from the meeting
were Mr. George W. Griffin, Mr. Brereton C. Jones, Mr. T. A. Lassetter, and
Mr. W. Bruce Lunsford. The University administration was represented by
President Otis A. Singletary; Mr. James 0. King, Vice President for
Administration; Chancellors Peter P. Bosomworth, Art Gallaher, and Charles
T. Wethington; Dr. Raymond R. Hornback, Vice President for University
Relations; Mr. John C. Darsie, General Counsel; Mr. Henry Clay Owen,
Controller and Treasurer; and Dr. Paul G. Sears, Special Assistant for
Academic Affairs.

       Members of the various news media were also in attendance. A quorum
being present, the Chairman declared the meeting officially open for the
conduct of business at 1:04 p.m.

       B.    Minutes Approved

       On motion made by Mr. Rose, seconded by Professor Driscoll and
passed, the Minutes of the October 14, 1986 meeting of the Board of
Trustees were approved as written.

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

       President Singletary reviewed briefly some of the items in PR 1. He
indicated that he was pleased to report the Governor's Scholars will return
to campus next summer and that the University will serve as host again,
along with Centre College. He also reported that Al Smith has tendered his
resignation from the University Hospital Council of Supervisors. President
Singletary expressed his regrets over Mr. Smith's resignation and his
appreciation for Mr. Smith's good work on the Council of Supervisors.