Stephen F. Austin State University
Inventory of Fixed Securites
Quasi Endowment
August 31, 2003
Beginning Period Ending Period
Maturity Face 5/31/2003 5/31/2003 8/31/2003 8/31/2003 Market Value Current Accrued
Security Date Coupon Amount Book Value Market Value Book Value Market Value Change Yield Interest
U.S. Treasury Note 02/15/04 5.875% 230,000 233,877 237,619 232,523 234,958 (2,661) 5.75% 514
U.S. Treasury Note 05/31/04   3.250% 1,000,000 1,006,230 1,020,953 1,004,678 1,015,310 (5,643) 3.20% 7,992
U.S. Treasury Note 08/15/04 6.000% 200,000 205,125 211,562 204,068 208,938 (2,624) 5.74% 457
U.S. Treasury Note 08/15/04 6.000% 300,000 314,338 313,407 313,407 5.74% 685
U.S. Treasury Note 03/31/05 1.625% 1,609,000 1,622,687 1,608,002 1,608,002 1.62% 10,787
U.S. Treasury Note 05/15/07 4.375% 100,000 104,588 109,250 104,292 105,189 (4,061) 4.15% 1,260
FNMA 03/15/04 4.750% 125,000 128,461 128,476 (128,476)
FNMA 05/14/04 5.625% 375,000 393,197 390,705 (390,705)
FNMA 03/15/05 3.875% 564,000 583,491 589,554 (589,554)
FNMA 03/15/05 3.875% 360,000 374,849 376,311 (376,311)
FNMA 03/15/05 3.875% 406,000 424,661 424,385     (424,385)  
5,269,000 3,454,479 3,488,815 3,482,586 3,485,804 (3,011) 21,695
Weighted Average Years to Maturity 1.13
Weighted Average Yield 2.91%