SPECIAL MEETING OF THE BOARD OF TRUSTEES OF THE TRUSTEES OF PURDUE UNIVERSITY
Room 304, Purdue Memorial Union      September 30, 1988
I. NOTICE OF MEETING.
The Board of Trustees (the "Board") of The Trustees of Purdue University (the "Corporation") convened in special meeting at 4:08 p.m. on Friday, September 30, 1988 in Room 304, Purdue Memorial Union, pursuant to the following Notice mailed to each member of the Board by the Secretary on September 27, 1988:
Pursuant to call of the President of the Board of Trustees, there will be a special meeting of the Board of Trustees of The Trustees of Purdue University convening at 4:00 p.m., Friday, September 30, 1988 in Room 304, Purdue Memorial Union Building on the West Lafayette Campus, in order to:
1.   Consider and act upon the University's group medical insurance plan.
II. ROLL CALL.
President Powers called the meeting to order at 4:08 p.m. All members of the Board were present as follows: Dr. Ecker, Mrs. Ingle, Messrs. Anderson, Dawson, Jesse, Kingma, Powers, Ringoen, Ryder and Stewart. Also present were: Dr. Beering, President of the University; Dr. Ford, Treasurer of the Corporation and Executive Vice President and Treasurer of the University; Dr. Tyler, the University's Executive Vice President for Academic Affairs; Board Secretary Pearson; Legal Counsel Bodle; University Vice Presidents Burns, Fruitt, Grace, Lyon and Wise; Chancellor Alspaugh (North Central) and Interim Chancellor Lantz (Fort Wayne); Joseph Bennett, Director, Office of University Relations, and Steve Standifird, Student Body President, Purdue Student Government.
III.  REMARKS BY PRESIDENT BEERING.
President Beering spoke of the continuing escalation of health care expenditures throughout this country and the consequent escalation of health care insurance premiums by every carrier. He pointed out that, unfortunately,  the University had  to dip  into  the