Stephen F. Austin State University
								Inventory of Fixed Securites
								Operating Funds
								November 30, 2005
								Beginning Period				Ending Period
		Maturity				Face		9/1/2005		9/1/2005		11/30/2005		11/30/2005		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Note		12/08/05		0.000%		1,000,000		$996,823		$998,090		$996,900		$999,280		1,190
U.S. Treasury Note		12/31/05		1.875%		434,000		$430,609		$431,439						(431,439)
U.S. Treasury Note		02/15/06		5.625%		746,000		$758,985		$752,408		$751,998		$748,768		(3,640)		5.60%		$12,201
U.S. Treasury Note		04/30/06		2.250%		1,600,000		$2,490,234		$2,475,400		$1,593,750		$1,587,120		(888,280)		2.26%		$2,983
U.S. Treasury Note		07/31/06		2.750%		1,500,000		$1,504,316		$1,486,050		$1,503,145		$1,484,295		(1,755)		2.77%		$13,675
U.S. Treasury Note		11/15/06		3.500%		896,000		$911,009		$829,819		$907,892		$888,232		58,413		3.53%		$1,299
U.S. Treasury Note		03/31/07		3.750%		1,817,000		$1,818,498		$1,814,583		$1,818,261		$1,800,811		(13,772)		3.78%		$11,419
U.S. Treasury Note		03/31/07		3.750%		400,000						$399,452		$396,436		396,436		3.78%		$2,514
U.S. Treasury Note		02/15/08		3.375%		527,000		$522,224		$521,235		$522,224		$515,554		(5,681)		3.44%		$5,172
U.S. Treasury Note		02/15/08		3.375%		400,000						$395,343		$391,312		391,312		3.44%		$3,925
U.S. Treasury Note		03/15/10		4.000%		1,001,000		$1,004,608		$1,006,636		$1,004,354		$984,113		(22,523)		4.06%		$8,406
U.S. Treasury Note		03/15/10		4.000%		500,000						$501,334		$491,565		491,565		4.06%		$4,199
U.S. Treasury Infl Note		04/15/10		adjusted		317,000		$313,669		$317,813		$313,662		$315,803		(2,010)		0.92%		$351
						11,138,000		$10,750,975		$10,633,473		$10,708,315		$10,603,289		(30,184)				$66,144
Weighted Average Years to Maturity						1.97
Weighted Average Yield						3.41%