WASHBURN UNIVERSITY OF TOPEKA
                                BOARD OF REGENTS
                                    MINUTES
                               November 29, 1994


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I.  Chairperson Ferrell called the meeting of the Board of Regents to order at 12:11 p.m. in the
    Vogel Room of the Memorial Union.  Present were:  Mr. Ferrell, Mrs. Hines, Mr. Kimbrough,
    Mr. Maag and Mrs. Parks.

III.   Approval of Minutes

    It was moved and seconded to approve the Minutes of the November 16, 1994 meeting as
    circulated.  Motion passed unanimously.

IV. A. Holidays

       It was moved and seconded to amend the University's existing policy on holidays to grant
       University employees two holidays, Christmas Eve day and Christmas day
       regardless of whether Christmas day falls on a Saturday or Sunday.  Motion passed.

    B. Miscellaneous

       President Thompson indicated that he had heard from the respective presidents of the
       Washburn Endowment Association and the Washburn Alumni Association who
       question the University's policy with respect to unrelated business income and the ban
       on advertising.  Vice President Mosiman gave an overview of the IRS enforcement of
       the Unrelated Business Income Tax, noting that in recent years the Internal Revenue
       Service has more strictly enforced the language of the Tax Code in this regard.  There
       ensued some discussion about the implications of unrelated business income and the
       resultant changes in the University's operations.  President Thompson indicated that
       in light of the discussion the administration will revisit the current policy statement of
       the University concerning unrelated business income.

V.  Executive Session

    It was moved and seconded to recess to Executive Session for a period of time not to
    exceed 30 minutes for the discussion of a legal matter and to reconvene in the Vogel
    Room immediately thereafter.  Motion passed.

    At 1:13 p.m. the Board reconvened in open session.

The Board of Regents meeting adjourned at 1:13 p.m.







         _________________________________
         Kenneth P. Hackler
         Secretary, Board of Regents