Stephen F. Austin State University
Inventory of Fixed Securites
Quasi Endowment
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		02/15/04		5.875%		230,000		232,523		234,958						(234,958)		5.75%		514
U.S. Treasury Note		05/31/04		3.250%		720,000		$1,004,678		$1,015,310		$722,977		$727,653		(287,657)		3.21%		$11,572
U.S. Treasury Note		08/15/04		6.000%		200,000		$518,406		$522,345		$513,624		$516,720		(5,625)		5.80%		$8,560
U.S. Treasury Note		03/31/05		1.625%		1,609,000		$1,622,687		$1,608,002		$1,620,541		$1,609,498		1,496		1.62%		$4,215
U.S. Treasury Note		05/15/05		6.750%		520,000						$559,592		$557,861		557,861		6.29%		$1,254
U.S. Treasury Note		05/15/07		4.375%		100,000		$104,292		$105,189		$104,000		$105,281		92		4.15%		$156
						3,379,000		3,482,586		3,485,804		3,520,734		3,517,013		31,209				26,271
Weighted Average Years to Maturity						1.13
Weighted Average Yield						3.28%