Stephen F. Austin State University
	Summary of Investments
			August 31, 2008		August 31, 2008
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock		$  3,663,097.00		$   3,426,106.00
	Equity Mutual Funds
	Other Equity Securities (list)		1,117,166.00		930,741.00
	Total Equities		4,780,263.00		4,356,847.00
	Other Investments:
	Real Estate
	Private Equity
	Annuities
	Collective Endowment Funds
	Commodities
	Collectibles
	Alternative Investments		1,449,955.00		1,430,146.00
	Total Other Investments		1,449,955.00		1,430,146.00
	Debt Investments >1 year:
	U.S. Government		13,026,749.00		13,653,502.00
	Bond Proceeds U.S. Government
	U.S. Government Agency		1,282,917.00		1,334,306.00
	Mortgage Pass Throughs
	C.M.O.s
	Interest Only Strips
	Principal Only Strips
	Inverse Floaters
	Stated Maturities longer than 10 years
	PFIA Compliant C.M.O.s
	Other Asset-Backed Bonds
	Foreign Issued Obligations		99,755.00		104,138.00
	Municipal Obligations
	Corporate Obligations
	Highly Rated (AAA/AA)		177,504.00		174,631.00
	Investment Grade (A/BBB)		282,701.00		279,844.00
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds
	Other (list)
	Total Debt >1 year		$14,869,626.00		$ 15,546,421.00
	Stephen F. Austin State University
	Summary of Investments
			August 31, 2008		August 31, 2008
			Book Value		Market Value
	Short Term Investments:
	U.S. Government		$  4,050,797.00		$   4,258,411.00
	Bond Proceeds U.S. Agency		8,204,795.85		8,270,841.60
	Bond Proceeds Government Discount Notes		1,357,679.61		1,370,254.00
	Bond Proceeds Treasury Obligations		1,437,222.80		1,439,298.90
	C.D.’s/B.A.’s		7,966,428.57		8,006,960.50
	A1/P1 Commercial Paper		1,449,432.00		1,465,753.28
	Repurchase Agreements
	TexPool		25,109,242.35		25,109,242.35
	Other Money Market Funds & Pools		784,412.00		784,412.00
	Bond Proceeds Money Market
	Bond Bank Deposits
	Cash Held at State Treasury		478,082.27		478,082.27
	ST Corp Bonds
	Total Short Term Debt		50,838,092.45		51,183,255.90
	TOTAL INVESTMENTS:		$71,937,936.45		$ 72,516,669.90