04/21/1980

UCCSN Board of Regents' Meeting Minutes
April 21-22, 1980








04-21-1980

Page 37

                         BOARD OF REGENTS

                    UNIVERSITY OF NEVADA SYSTEM

                          April 21, 1980



An emergency meeting of the Board of Regents was held at 6:10

P.M., Monday, April 21, 1980, at the University of Nevada, Las

Vegas, to consider an investment recommendation from Valley Bank.

Present were Regents Buchanan, Fong, Karamanos, Mc Bride, and

Whitley, and Mr. Monte Miller, Vice President and Trust Invest-

ment Officer, Valley Bank of Nevada.



Mr. Miller presented his overall evaluation of present market

conditions and recommended the following holdings be sold:





                           APPROX.    APPROX.         APPROX.

SHARES    DESCRIPTION       PRICE      VALUE         GAIN/LOSS



900     General Motors      39-5/8    $35,662        ($14,055)



500     Combustion Eng.     50-1/2     25,250          14,330

                                                 Net

                         Proceeds:    $60,912    Gain     275



Mr. Mc Bride moved approval of the recommendation.  Motion

seconded by Mrs. Whitley, carried without dissent.



The meeting adjourned at 6:20 P.M.  No other business was

discussed.



                             Bonnie M. Smotony

                             Secretary to the Board



        (Account of meeting reported by Regent Mc Bride)

                                                       04-21-1980