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number of line items in the budget and thereby allow the Institution greater flexibility in taking further reductions.  He also told the Regents that the Smithsonian, with involvement of many different sectors of the staff, has been looking at the prospects of very substantial further cuts and making suggestions about how cuts should be taken.

The Regents and the Secretary talked about the advantages and disadvantages of several possible measures to cope with sharply reduced budgets, including the closing of the museums for one or more days per week, paid admissions, and voluntary donations at admission points.  It was recognized that any such steps would require extensive consultation with the Congress.  The Chancellor suggested, and the Secretary and the Regents agreed, that an ad hoc committee of the Regents should be formed to work with the staff to identify and recommend appropriate actions over the course of the next several months.  (Soon after the meeting the Chancellor appointed Mrs. Clark as the chairperson and Senator Garn, Mr. Boland, and Mr. Acheson as other members of the committee.)

Mr. Adams brought the Regents up-to-date on the status of Saudi Arabia's pledge of Quadrangle construction funds, stating that the matter might be left unresolved until the fall or for a longer time -- and perhaps even indefinitely.

The Secretary spoke briefly about the plans for opening the Quadrangle facilities in late May and early June 1987.  He pointed out that, in addition to the extensive series of events planned by the Institution, Dr. Sackler has considered sponsoring related performances at the Kennedy Center.

Mr. Adams reported that the fund raising for the Information Age exhibition in the National Museum of American History has been going well, with a $1 million pledge from IBM, an additional $900,000 in other commitments, and promising negotiations with many other firms in the information industry.  He said it is likely that more than the targeted $4.3 million will be raised.

The Secretary mentioned that the new Air & Space magazine shows considerable promise since the debut of its inaugural issue in April.  He said that subscriptions are at 200,800 and that the selling of advertisements is ahead of projections, while the costs are in line with projections.  Mr. Adams added that the National Museum of American Art has under development a new scholarly journal to be titled "Smithsonian Studies in American Art."  This journal will appear twice a year, beginning in early 1987, and will provide a forum for the best work being undertaken in the field of American art by scholars throughout the world.  The Secretary also reported that an outside individual has expressed an interest in establishing a science magazine for the benefit of the Smithsonian but independent of it.  In the general discussion which ensued the Regents and the Secretary noted the potential problems of such a proposal.

At the Secretary's request Mr. Anderson reported briefly on his and Mr. Freudenheim's recent meeting with a potential donor concerning the