Minutes of the Meet-ing of the Executive Committee of the
Board of Trustees of the University of Kentucky, Tuesday, Septem-
ber 21, 1937, called on that date by the Chairman of the Committee,
Richard C. Stoll, for the purpose of acting on any and all busi-
ness of the University of Kentucky ready for consideration of
the Board of Trustees or Executive Committee.

     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky, a quorum being present, met in President
McVeyls office at the University, Tuesday, September 21, 1937,
at 10:30 a.m.   The members of the Committee present were Chair-
man Richard C. Stoll, James Park, Robert G. Gordon and R. Miller
Holland.   Louis Hillenmeyer and G. C. Wells, members of the
Board of Trustees, were present.   President Frank L. McVey,
D. H. Peak, Secretary of the Board, and Dean James H. Graham
were present.

     1. Approval of M1inutes.

     The minutes of the meeting of the Executive Committee of
July 6, 1937, were approved as published,


     2. President's Report.

     The President's quarterly report to the Board of Trustees
was ordered to be recorded in the Minutes.    The report is in
words and figures as follows:



             QUARTERLY REPORT OF THE PRESIDENT
                             to
                  The Board of Trustees
                  September 21,  1937


                    THE YEAR 1936-1937

The Building Program

     The academic and fiscal year to July 1, 1937, was an event-
ful one from many points of view.   During that period the Uni-
versity began and extended its building program under the P.W.A.
Two of the Engineering buildings were completed, the Law build-
ing was well on its way, the heating plant was almost ready for
operation, the Student Union building had been started, and the
third building in the Engineering unit was placed under construc-
tion.

The Flood

     While this progress was being made at the University, nature
flooded the Ohio Valley with the result that thousands of people