Describes the end of the year as Commencement approaches. Describes the reunion of the Classes of '38 and '63 and their generous monetary donations. Describes the keynote speech of Philippe Labro ('58). Also adds details on the sports program, specifically the upcoming national tennis championships. Notes that on the following afternoon members of the Gaines family will help the University dedicate Gaines Hall. Also goes into detail regarding his upcoming sabbatical leave and his trip to Oxford, and notes that he will leave the school under the 'able direction of the Vice-President John Elrod.' Laments on finding funding for the performing arts center