Minutes of the Meeting of the Board of Trustees of the Universi-
ty of Kentucky, December 18, 1948.


     The Board of Trustees of the University of Kentucky met in the
President's Office at 10:00 a.m., Saturday, December 18, 1948, pur-
suant to adjournment on December 14, 1948.  The following members
were present: Governor Earle C. Clements, Chairman; Judge R. C.
Stoll, Vice Chairman; John C. Everett, Judge Harry F. Walters, Judge
Edward C. OIRear, Guy A. Huguelet, Harper Gatton, R. P. Hiobson, J. N.
Smith, and Boswell B. Hodglkn..   Absent were; E.E. Adams, Robert
Tway, T. H. Cutler, Grover Creech and IIrs. Paul G. Blazer.  Presi-
dent Donovan and Secretary Peterson were present,


    A, Minutes Approved.

    The minutes of the Board of Trustees of September 25, 1948, and
the minutes of the Executive Committee of November 6, 1948, were ap-
proved as published.



    B. Report of the Comptroller.

    The Comptroller made the following report: