Stephen F. Austin State University
Summary of Investments
Endowment Fund
At November 30, 2003
						Book Value	%	Market Value	%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries					0.00%		0.00%
		Guaranteed
			Mortgage-Backed			314,139.00	4.19%	313,940.00	3.83%
			Other
	Total U.S. Government Obligations					314,139.00	4.19%	313,940.00	3.83%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				646,900.00		653,157.00
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					646,900.00	8.63%	653,157.00	7.97%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					1,988,315.00		2,012,793.00
	Other
		Total Debt Securities				2,949,354.00	39.35%	2,979,890.00	36.35%
Equity Securities
	Common Stocks and Other Equities					4,213,731.00		4,886,312.00
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					4,213,731.00		4,886,312.00
	Total Long-term Securities					7,163,085.00	95.58%	7,866,202.00	95.96%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	TexPool						0.00%		0.00%
	Certificates of Deposit					10,075.00		10,075.00
	Total Short-term Securities					10,075.00	0.13%	10,075.00	0.12%
Cash and Cash Equivalents
	Cash
	Money Markets					321,452.00	4.29%	321,452.00	3.92%
	Certificates of Deposit						0.00%		0.00%
	Total Cash and Cash Equivalents					321,452.00	4.29%	321,452.00	3.92%
	Total Investments					7,494,612.00	100.00%	8,197,729.00	100.00%