Stephen F. Austin State University
Inventory of Fixed Securites
Operating Funds
November 30, 2003
								Beginning Period				Ending Period
		Maturity				Face		9/1/2003		9/1/2003		11/30/2003		11/30/2003		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Note		01/15/04		3.000%		220,000		220,030		221,788						(221,788)
U.S. Treasury Note		02/15/04		5.875%		1,220,000		$1,238,456		$1,246,303		$1,228,571		$1,232,200		(14,103)		5.81%		$20,451
U.S. Treasury Note		05/31/04		3.250%		650,000		$652,778		$659,951		$651,866		$656,909		(3,042)		3.21%		$10,447
U.S. Treasury Note		06/30/04		2.875%		980,000		$985,864		$993,475		$984,118		$990,103		(3,372)		2.84%		$11,561
U.S. Treasury Note		08/15/04		6.000%		800,000		$829,998		$835,752		$822,205		$826,752		(9,000)		5.80%		$13,696
U.S. Treasury Note		03/31/05		1.625%		5,741,000		$5,790,010		$5,737,440		$5,782,329		$5,742,781		5,341		1.62%		$15,039
U.S. Treasury Note		05/15/05		6.750%		700,000						$753,349		$750,967		750,967		6.29%		$1,687
U.S. Treasury Note		05/15/07		4.375%		300,000		$312,878		$315,565		$312,001		$315,843		278		4.15%		$469
						10,611,000		10,030,014		10,010,274		10,534,439		10,515,555		505,281				73,350
Weighted Average Years to Maturity						1.08
Weighted Average Yield						2.97%