Stephen F. Austin State University
Inventory of Fixed Securites
Operating Funds
February 28, 2003
									Begnning 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
U.S. Treasury Note		2/15/2003		6.25%		1,100,000		1,109,201		1,111,000						(1,111,000)		5.63%
U.S. Treasury Note		8/15/2003		5.75%		648,000		645,395		667,640		643,537		661,368		(6,272)		5.63%		1,338
U.S. Treasury Note		1/15/2004		3.00%		650,000		649,785		660,361		649,761		660,562		201		2.95%		1,508
U.S. Treasury Note		2/15/2004		5.88%		1,100,000		1,142,023		1,156,034		1,133,264		1,148,818		(7,216)		5.62%		2,321
U.S. Treasury Note		2/15/2004		5.88%		120,000						125,305		125,325		125,325		5.62%		253
Fed. Natl Mortgage		3/15/2004		4.75%		1,000,000		1,028,242		1,037,810		1,028,242		1,035,630		(2,180)		4.58%		21,506
Fed. Natl Mortgage		5/14/2004		5.63%		1,200,000		1,252,586		1,262,626		1,252,587		1,260,372		(2,256)		5.35%		19,313
U.S. Treasury Note		5/31/2004		3.25%		650,000		655,544		663,812		654,622		665,847		2,035		3.17%		5,223
U.S. Treasury Note		6/30/2004		2.88%		980,000		991,148		995,317		989,384		1,000,217		4,900		2.81%		4,592
U.S. Treasury Note		8/15/2004		6.00%		300,000		310,913		320,532		309,289		320,250		(282)		5.62%		646
Fed. Natl Mortgage		3/15/2005		3.88%		2,000,000		2,069,126		2,066,883		2,069,120		2,090,620		23,740		3.70%		35,090
Fed. Natl Mortgage		3/15/2005		3.88%		1,115,000						1,160,992		1,165,520		1,165,520		3.70%		19,563
U.S. Treasury Note		5/15/2007		4.38%		300,000		315,541		315,282		314,659		323,345		8,061		4.05%		3,807
								10,169,504		10,257,297		10,330,762		10,457,874		200,576				115,160
Weighted Average Years to Maturity						1.47
Weighted Average Yield						4.25%