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the Institution's efforts to build greater pools of minority scholars in its fields of interest. 

Mr. Adams briefed the Regents on a number of major recruitments currently underway. He said that the search for an Assistant Secretary for External Affairs continues with no conclusion at hand; the search for a successor to Dr. Challinor as the Assistant Secretary for Research continues apace, with a small number of highly qualified candidates chosen for interviews by the distinguished search committee for over 200 applicants and nominees; the search for a director of the National Air and Space Museum has brought two highly distinctive and interesting candidates to the fore; Lisa Taylor has indicated her intention to retire from the directorships of the Cooper-Hewitt Museum in June and a search committee has been formed and will be meeting soon; the search for a Senior Survey Researcher is nearing the end, with one splendid candidate and a highly qualified backup candidate having gone through final interviews; finally, Peggy Loar has announced her plan to resign from the directorship of the Smithsonian Travel Exhibition Service to assume a job in Florida, and recruitment of her successor is expected to get underway shortly.

The Secretary referred briefly to a variety of other matters, including an effort, now abandoned, in the mid-west to establish a Smithsonian branch museum; a potential donation to the Woodrow Wilson Center for the renovation of a major portion of the interior of the Arts and Industries Building for the Center's occupancy; and recent efforts to develop enhanced working relationships with a consortium of Washington area universities.

[[underlined]] Financial Report [[underlined]]

It was reported that the Institution's fiscal year 1987 Trust Fund budget projections are ahead of budget and will permit from some reallocations of resources under the authority of the Secretary. Loans extended to the National Museum of American Art and the National Portrait Gallery for major acquisitions have been repaid, and an allocation has been made from the Ramsey Fund to cover the erection of a shelter for the shuttle Enterprise and several other aircraft at Dulles Airport, with the expectation that assembly of the structure will begin in June. Without objection from the Regents, the Smithsonian will use the interest generated by the parking fund at the National Zoological Park for educational and research work at the Zoo.

A report on fiscal year 1987 Federal appropriations noted that, pending receipt of a supplemental appropriation now under consideration by the House and the Senate, the Smithsonian has taken a particularly cautious approach to its Federal spending against the possibility that some or all of the costs of implementing the Federal Employees Retirement System would need to be borne out of current year funding.
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