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allowed about $3.4 million toward the Tropical Research Institute's master plan and the planning for the renovation of the Old General Post Office Building.

Folkways Records, acquired by the Smithsonian in 1987, can no longer contract with Birch Tree Group, Ltd., for inventory management and fulfillment, and it is likely that no other commercial vendor would be willing to assume responsibility for this low-volume business. As a result, the Regents were informed that it may be necessary for the Smithsonian's Office of Folklife Programs to set up an on-demand cassette operation to supply small quantities of the slower-selling titles. The Office is prepared to cover a projected deficit of $26,250 for the first year out of available program funds. 

Three new endowments were established. The Institution received $3.8 million from the estate of Franz H. Denghausen for the "acquisition, preservation, and exhibition of the American arts of painting, sculpture, and graphics," and it was 

VOTED that the Board of Regents authorizes the Secretary to establish, as part of the Institution's endowment funds, a quasi-restricted fund to be known as the Luisita L. and Franz H. Denghausen Fund and to authorize the transfer of the restricted monies identified for this purpose.

Under terms of a memorandum of understanding signed in 1985, the Smithsonian had received the assets of the Burch Heart Research and Education Fund and those funds are to be established as a part of the Smithsonian Endowment for the purpose of establishing a fellowship in theoretic medicine. Proceeds are expected to be in excess of $1.5 million. It was

VOTED that the Board of Regents authorizes the Secretary to establish, as part of the Institution's endowment funds, a true-restricted fund to be known as the George Burch Fellowship in Theoretic Medicine and Affiliated Theoretic Sciences Fund and to authorize the transfer of the restricted monies identified for this purpose.

As a result of the settlement of the estate of Laura I. O'Dea, the Smithsonian has received $165,000; an additional distribution from the estate will bring the total to approximately $200,000 to be transferred into unrestricted endowment. It was