Stephen F. Austin State University
Inventory of Fixed Securites
Quasi Endowment
February 28, 2003
									Beginning Period				Ending Period
		Maturity				Face		12/1/2002		12/1/2002		2/28/2003		2/28/2003				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%		200,000		201,672		202,000						(202,000)		5.70%
U.S. Treasury Note		4/30/2003		5.75%		131,000		203,476		203,688		131,932		131,941		(71,747)		5.70%		2,497
U.S. Treasury Note		8/15/2003		5.75%		254,000		258,975		261,698		257,209		259,240		(2,458)		5.63%		524
U.S. Treasury Note		2/15/2004		5.88%		250,000		257,212		262,735		255,702		261,095		(1,640)		5.62%		527
Fed. Natl Mortgage		3/15/2004		4.75%		125,000		128,461		129,726		128,461		129,453		(273)		4.58%		2,688
Fed. Natl Mortgage		5/14/2004		5.63%		375,000		393,196		394,571		393,197		393,866		(705)		5.35%		6,035
U.S. Treasury Note		5/31/2004		3.25%		1,000,000		1,009,334		1,021,250		1,007,783		1,024,380		3,130		3.17%		8,036
U.S. Treasury Note		8/15/2004		6.00%		200,000		207,275		213,688		206,193		213,500		(188)		5.62%		431
Fed. Natl Mortgage		3/15/2005		3.88%		600,000		620,736		620,064		620,736		627,186		7,122		3.70%		10,527
Fed. Natl Mortgage		3/15/2005		3.88%		360,000						374,849		376,311		376,311		3.70%		6,316
U.S. Treasury Note		5/15/2007		4.38%		100,000		105,188		105,095		104,889		107,783		2,688		4.05%		1,269
								3,385,525		3,414,515		3,480,951		3,524,755		110,240				38,850
Weighted Average Years to Maturity						1.34
Weighted Average Yield						5.02%