| TRUSTFUND | Managed capital tied up soundly by amusing head of department (5,4) |
| DROLL | Amusing head of department with bap (5) |
| BLINDTRUST | Where conflicts of interest are resolved, unseen and tied up soundly (5,5) |
| HANOI | Capital tied up in Afghan oil fields (5) |
| FRANKIE | Singer managed capital held by one of 12 22, yours truly (7,5) |
| TEHRAN | Converted the managed capital (6) |
| RASED | Brought up soundly, but destroyed |
| SALIX | When up, soundly defeats T (5) |
| SINGE | Burn covered up by amusing entertainer (5) |
| CONFLICT | Struggle, seeing Tory beaten soundly by female (8) |
| TOULOUSE | Both get beaten soundly by French city (8) |
| SHRIEK | Cry from one grabbed by amusing ogre |
| ROCKANDROLL | Mr Hudson finds article accompanied by amusing Elvis music (4,3,4) |
| MAKELIGHTOF | Treat as unimportant brand followed by amusing old fellow (4,5,2) |
| DISCOURSE | Head of Department is leading programme of study, giving lecture (9) |
| ESTRANGED | Separate reagents combined by head of department (9) |
| SEPARATED | Kept apart from animals running back at speed by head of department (9) |
| EXCAVATED | Unearthed former caveat rewritten by head of department (9) |
| DOCTORATE | Head of department takes more than half a month to judge academic qualification |
| PROCESSOR | Changing notes, head of department for handler |
