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This article calls into question a story that has become part of the folklore and indeed the official history of Cambridge University. Supposedly, the passage of the Chantries Act posed a threat to university colleges which was averted by the lobbying of Cambridge academics early in 1546, and this adroit intervention inspired Henry VIII to found new colleges at Oxford and Cambridge. Close reading of the sources, however, indicates that the universities were singled out for special treatment from the start and that Henry's new foundations were in his mind before the Chantries Act was passed. [ABSTRACT FROM AUTHOR]