Stephen F. Austin State University
Inventory of Fixed Securites
Operating Fund
November 30, 2002
								Beginning Period				Ending Period
		Maturity				Face		8/30/2002		8/30/2002		11/30/2002		11/30/2002		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value	Market Value			Change		Yield		Interest
U.S. Treasury Note		02/15/03		6.250%		1,100,000		$1,120,062		$1,122,341		$1,109,201		$1,111,000		($11,341)		6.18%		$19,803
U.S. Treasury Note		08/15/03		5.750%		648,000		$647,263		$672,500		$645,395		$667,640		($4,860)		5.58%		$10,734
U.S. Treasury Note		01/15/04		3.000%		650,000		$649,809		$660,159		$649,785		$660,361		$202		2.95%		$6,411
U.S. Treasury Note		02/15/04		5.875%		600,000		$620,935		$634,314		$617,310		$630,564		($3,750)		5.59%		$10,154
U.S. Treasury Note		02/15/04		5.875%		500,000						$524,713		$525,470		$525,470		5.59%		$8,461
U.S. Treasury Note		05/31/04		3.250%		350,000		$350,578		$357,329		$350,496		$357,437		$108		3.18%		$5,656
U.S. Treasury Note		05/31/04		3.250%		300,000						$305,048		$306,375		$306,375		3.18%		$4,848
U.S. Treasury Note		06/30/04		2.875%		980,000		$992,911		$983,067		$991,148		$995,317		$12,250		2.83%		$11,638
U.S. Treasury Note		08/15/04		6.000%		300,000		$312,536		$322,314		$310,913		$320,532		($1,782)		5.61%		$5,185
U.S. Treasury Note		05/15/07		4.375%		300,000						$315,541		$315,282		$315,282		4.16%		$508
U.S. Treasury Note		04/30/03		5.750%		855,000		$878,639		$877,982						($877,982)
FHLMC		07/15/03		5.750%		600,000		$624,515		$620,628						($620,628)
FNMA		03/15/04		4.750%		1,000,000		$1,028,242		$1,040,940		$1,028,242		$1,037,810		($3,130)		4.57%		$9,764
FNMA		05/14/04		5.625%		900,000		$936,169		$952,029		$936,168		$946,971		$10,802		5.34%		$1,969
FNMA		02/14/04		5.625%		300,000						$316,418		$315,657		$315,657		5.34%		$656
FNMA		03/15/05		3.875%		2,000,000						$2,069,126		$2,066,881		$2,066,881		3.74%		$15,931
FNMA P535631		2015		7.000%		954,485		$443,739		$449,996						($449,996)
FNMA P630952		2017		6.500%		1,004,331		$960,917		$975,101						($975,101)
FNMA P625941		2017		6.000%		550,000		$539,467		$551,514						($551,514)
								$10,105,782		$10,220,214		$10,169,504		$10,257,297		$52,943				$111,718