Minutes of the Regular Meeting of the Board of Trustees, Uni-
versity of Kentucky, June 5, 1941.


     The regular June meeting of the Board of Trustees, University
of Kentucky, was held in the President's Office, Thursday, June 5,
1941, 10:00 a.m.  The members of the Board present were Governor
Keen Johnson; Judge Richard C. Stoll; Harper Gatton; H. S. Cleveland;
Louis Hillenmeyer; Robert P. Hobson; W. H. May; and Marshall Barnes.
President Cooper and Secretary D. H. Peak were present.  President-
elect,Dr. H. L. Donovan, attended the meeting.


     1. Approval of Minutes.

     The minutes of the meeting of the Board of Trustees, April 1,
1941, and the minutes of the interim meeting of the Executive Com-
mittee, April 22, 1941, and the meeting May 16, 1941, were approved
as published.


     2. Financial Report.

     The Business Agent submitted following report:

          Owing to the early date of this meeting, I am unable
     to make the usual financial statement for the preceding
     month.   However, there has been little change in the
     financial situation and our expenditures are running con-
     sistently with the original budget appropriations.


     3. President's -quarterly Report.

     a. President Cooper presented and read the quarterly report
of the President on the State of the University,   On motion, second.
ed and carried, the report was received and ordered published in the
minutes,   It is copied as follows:


                     QUARTERLY REPORT OF THE
                            PRESIDENT

                          June 5, 1941

          Since the Board last met, April 1, the Executive Com-
     mittee of that body has met twice and given consideration
     to the affairs of the University.   I think it may be said
     that despite the defense program and industry's added needs,
     some changes in personnel, and somewhat limited funds,
     things are going along quite well,   Now that we can get a
     better picture of the situation, we find the loss in enroll-
     ment during the past year is not as great as had been feared.