Minutes of the Meeting of the E:: ecutive Committee of the Board of Trustees
of the University of Kentucky, Friday, July 21, 1967


       The Executive Committee of the Board of Trustees of the University of
Kentucky met at 1:30 p.m. , Eastern Standard Time, in the Board Room of the
Administration Building on the campus of the University with the following members
present: Mr. Robert Hiilenmeyer, Dr. Harry Denham, and Mr. Smith Broadbent.
Dr. Angelucci was unable to attend. In addition to the members of the Executive
Committee the following members of the Board of Trustees were present: Mrs.
Rexford Blazer, Mr. Henry Besuden, Mr. Richard Cooper, and non-voting faculty
member, Dr. Stephen Diachun. President Oswald, Vice Presidents Albright,
Willard, Kerley, Creech, and Johnson, and Provost Cochran represented the ad-
ministration and members of the various news media were present.


      A. Meeting Opened

      Mr. Robert Hillenmeyer presided in the absence of Dr. Angelucci and ap-
pointed Dr. Harry Denham as acting secretary. The meeting was called to order
and, following a report by the acting secretary that a quorum was present, Mr.
Hillenmeyer declared the meeting officially open for the conduct of business at 1:35
o'clock.


       B. Minutes Approved

       On motion, seconded, and so ordered the reading of the Minutes of the May
2, 1967 meeting of the Board of Trustees was dispensed with and the Minutes were
approved as published.


       C. President's Report to the Trustees

       Copies of the President's Report were before those present and Dr. Oswald
called particular attention to the summer enrollment figure of 5, 400, including the
community colleges; the establishment of an Office of Development Services to aid
small businesses; the financial statement of the University of Kentucky Research
Foundation which showed the receipt of over $2, 000, 000 in awards for the period
from May 24 through July 10, 1967; and the summer orientation program for new
students and their parents.

       Mr. Hillenmeyer reported that President Oswald had been awarded an honor-
ary degree by the University of California at Davis on June 14, 1967. He thenordered
the report accepted and filed.