Starts with a comment on the weather, and remarks on the continuing alumni colleges, and gives an update on the Capital Campaign and the increased alumni support and recognition of the importance of financial solvency of the University. Remarks on the rising price of tuition, though notes that this figure is still lower when compared to peer institutions and stresses the need for secure funding for the University. Touches on the search for a new dean of the Law School, and closes the letter with a personal note about his trip to North Carolina and expresses his wish for the Gottwald's to visit campus soon.