Stephen F. Austin State University
	Summary of Investments
	as of August 31, 2003
			August 31, 2003		August 31, 2003
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock		4,229,338		4,594,596
	Equity Mutual Funds
	Other Equity Securities (list)
	Total Equities		4,229,338		4,594,596
	Other Investments:
	Real Estate
	Private Equity
	Annuities
	Collective Endowment Funds
	Commodities
	Collectibles
	Other (list)
	Total Other Investments
	Debt Investments >1 year:
	U.S. Government		8,520,475.00		8,522,350.00
	U.S. Government Agency		1,232,322.00		1,242,266.00
	Mortgage Pass Throughs		535,535.00		536,294.00
	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
	Municipal Obligations
	Corporate Obligations
	Highly Rated (AAA/AA)
	Investment Grade (A/BBB)
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds
	Other (list)
	Total Debt >1 year		$10,288,332		$10,300,910
	Short Term Investments:
	U.S. Government		5,859,833		5,933,709
	U.S. Government Agency
	C.D.’s/B.A.’s		6,822,272		6,833,940
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool
	Other Money Market Funds & Pools		11,561,061		11,490,986
	Bank Deposits
	Cash Held at State Treasury		2,378,232		2,378,232
	Other (list)
	Total Short Term Debt		$26,621,397		$26,636,867
	TOTAL INVESTMENTS:		$41,139,067		$41,532,373
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