May 12, 1999

TO: MEMBERS OF THE STATE BOARD OF HIGHER EDUCATION

Meetings of the State Board of Higher Education Investment Committee, Budget and Finance Committee, Executive Committee, and Joint Boards will be held on Thursday and Friday, May 20-21, 1999. The meetings will convene in accordance with the locations and schedules listed below:

Thursday, May 20, 1999

3-5:30 p.m. Investment Committee
Offices of R.V. Kuhns & Associates
1211 SW 5th Avenue, Suite 2850
Portland, Oregon

The purpose of the meeting is to review the third quarter investment report, discuss investment objectives and policy guidelines, and receive an update on alternative investments.

Friday May 21, 1999

8-9:30 a.m. Budget and Finance Committee
Room 350, State Capitol
900 Court Street
Salem, Oregon

The purpose of the meeting is to review policy issues associated with implementation of the new resource allocation model and, depending upon the status of budget appropriations, to begin review of possible 1999-2000 allocation proposals for campuses and programs.

9:30-11 a.m. Executive Committee
Room 350, State Capitol
900 Court Street
Salem, Oregon

The purpose of the meeting is to further review and discuss OSU financial issues.

11:30 a.m.-2 p.m. Joint Boards
Room 155, Building 50
Chemeketa Community College
4000 Lancaster Dr. NE
Salem, Oregon

For further information, or if special accommodations are required (72 hours advance notice requested), please contact the Board's office at (541) 346-5795.

Cordially,


Diane Vines
Secretary of the Board