Stephen F. Austin State University
Inventory of Fixed Securities
Endowment Funds
February 28, 2003
									Beginning Period				Ending Period
		Maturity				Face		12/1/2002		12/1/2002		2/28/2003		2/28/2003		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
Federal Farm  Credit		12/3/2002		0.00%		277,000		276,633		277,000						(277,000)
U.S. Treasury		4/30/2003		5.75%		215,000		218,612		218,963		216,675		216,561		(2,402)		5.70%		4,098
U.S. Treasury		4/30/2003		5.75%		42,000						42,327		42,301		42,301		5.70%		801
U.S. Treasury		11/15/2003		4.25%		162,000						165,237		165,442		165,442		4.16%		1,997
Federal Nat'l Mtg Assoc		6/15/2009		6.38%		204,000		232,453		229,118		232,453		238,106		8,988		5.46%		2,637
Federal Nat'l Mtg Assoc		6/15/2009		6.38%		6,000						6,887		7,003		7,003		5.46%		78
U.S. Treasury		2/15/2010		6.50%		72,000		83,849		83,610		83,412		86,625		3,015		5.40%		168
U.S. Treasury		2/15/2010		6.50%		4,000						4,730		4,812		4,812		5.40%		9
FNMA P535315		1/1/2015		7.00%		64,000		24,982		25,318		20,144		20,583		(4,735)		6.55%		101
FNMA P535631		1/1/2015		7.00%		48,000		17,943		18,239		14,161		14,517		(3,722)		6.55%		72
FNMA P625941		1/1/2017		6.00%		80,000		73,051		75,126		60,879		63,279		(11,847)		5.71%		271
FNMA P545582		1/1/2017		7.00%		213,000		154,643		157,242		125,062		128,244		(28,998)		6.55%		630
FNMA P643837		1/1/2017		6.00%		55,000		47,863		49,614		40,356		42,469		(7,145)		5.71%		182
FNMA P545725		1/1/2017		7.00%		145,000		116,243		118,750		96,643		99,371		(19,379)		6.54%		489
FNMA P254403		1/1/2017		6.00%		9,000		8,392		8,599		7,560		7,829		(770)		5.71%		34
FNMA P555013		1/1/2017		5.50%		142,000						133,944		135,883		135,883		5.27%		537
FNMA P685665		1/1/2018		5.00%		237,000						240,166		244,339		244,339		4.84%		889
U.S. Treasury Strips		8/15/2020		0.00%		226,000		75,541		85,159		75,542		94,174		9,015
U.S. Treasury Strips		8/15/2020		0.00%		13,000						5,157		5,417		5,417
U.S. Treasury Bond		2/15/2029		0.00%		264,000		259,195		269,016		255,371		281,572		12,556		4.92%		499
U.S. Treasury Bond		2/15/2029		0.00%		23,000						23,282		24,530		24,530		4.92%		43
FHLMC C55740		1/1/2030		7.00%		201,398		114,310		116,149		92,629		95,008		(21,141)		6.64%		473
Federal Nat'l Mtg Assoc		11/15/2030		6.63%		113,000		120,940		127,690		120,940		135,706		8,016		5.51%		2,142
Federal Nat'l Mtg Assoc		11/15/2030		6.63%		6,000						6,950		7,205		7,205		5.51%		114
FHLMC GO 1217		1/1/2031		7.00%		214,470						58,188		58,183		58,183		6.64%		290
FHLMC GO 1228		1/1/2031		7.00%		193,365		66,991		68,306		48,899		50,358		(17,948)		6.64%		251
FNMA P254262		1/1/2032		6.00%		190,000		176,766		183,128		161,420		170,210		(12,918)		5.76%		735
FNMA P634481		1/1/2032		6.50%		285,000		263,209		269,482		225,158		233,381		(36,101)		6.21%		1,089
FNMA P640058		1/1/2032		6.50%		47,000		40,375		41,692		35,665		37,285		(4,407)		6.21%		174
FHLMC GO 1381		1/1/2032		7.00%		9,000		6,449		6,515		5,043		5,145		(1,370)		6.64%		26
FHLMC C67305		1/1/2032		7.00%		18,000		15,863		16,050		12,655		12,931		(3,119)		6.64%		64
FNMA P652398		1/1/2032		6.50%		22,000		20,716		21,138		17,432		18,007		(3,131)		6.21%		84
FNMA P545691		1/1/2032		6.50%		40,000						31,570		31,645		31,645		6.21%		148
FNMA P254346		1/1/2032		6.50%		9,000		8,095		8,258		6,870		7,094		(1,164)		6.21%		33
FNMA P254345		1/1/2032		6.00%		45,000		42,206		44,201		39,092		41,669		(2,532)		5.76%		180
FNMA P254676		1/1/2033		6.00%		33,000						34,155		34,361		34,361		5.76%		149
FNMA P555286		1/1/2018		6.00%		15,000						15,679		15,675		15,675		6.00%
FNMA P681119		1/1/2018		5.00%		5,000						5,171		5,216		5,216		5.27%		21
						3,947,233		2,465,320		2,518,363		2,767,504		2,882,136		363,773				19,508
Weighted Average Years to Maturity						17.23
Weighted Average Yield						5.41%