Stephen F. Austin State University
Statement of Changes in Investment Assets
Endowment Fund
At February 28, 2003
Book Value Market Value
Beginning Investment Assets - 12/01/02 7,363,141.76 7,180,066.64
Receipts/Contributions 357,500.00 357,500.00
Investment Income 56,409.13 56,409.13
Change in Accrued Interest 875.00 875.00
Distributions (15,637.97) (15,637.97)
Change in Cost Basis (9,569.81)
Net Realized Gains (Losses) (64,561.11) (64,561.11)
Changes in Net Unrealized Appreciation (Depreciation)   (339,710.69)
Ending Investment Assets - 02/28/03 7,688,157.00 7,174,941.00
Rate of Return -4.72%
Prepared in Compliance with Generally Accepted Accounting Priniciples
Accrued interest for the reporting period 19,508.00
Prior period accrued interest       18,633.00