craft was about 30-40feet in length with very defined corners rectangular in shape and glowing red from inside, hovering at a slight an

I was driving back to campus with 3 of my friends.  When I came up around fraternity row I immediately saw a red object floating stationary over the campus adjacent to Carnagie hall art building.I pointed it out to my friends and immediately pulled over.  
On an impulse I jumped out of my Volkswagen and ran down to where it was.  Keeping the trees between me and it, I was able to get real close to it.  I remember several small beings in white suits with head coverings who looked somewhat oriental.  They seemed to be possibly taking samples or something similar to that.  I was behind a large pine tree observing them and impulsively,again, stepped out into the open and said HI or hello.  
This startled them and I took off running back to the car.  About halfway back I stopped and looked back at the craft.  It remained motionless but changed in color from red to light red to dull yellow to white and shrunk into a small dot just like the tv picture tubes of the 60's used to do.  Then that small light shot into space in the blink of an eye.
I ran the rest of the way to my car and we were all excited by the event.My friend MJ said he saw green and white lights on the bottom and I remember being upset with him because I did not see them.  This sighting really changed my life.  
That night I called the Orono police to find out if anyone else had seen it as it was in a prominent place over campus only maybe 40' in the air and also next to several dorms.  The police said no reports taken and the next day I posted a flier at the student union asking if anyone had seen it, but got no response back.  The sighting was very clear in my mind but after that I have had very unclear memories of seeing profiles thru Windows (of the craft?)  And of being inside it (lit up bright and open and empty)
Witness indicates that the date of the event is approximate.  PD