Stephen F. Austin State University
Statement of Changes in Investment Assets
Operating Fund
At November 30, 2005
								Book Value		Market Value
Beginning Investment Assets - 09/01/05								19,024,298.23		19,074,165.96
Receipts/Contributions								7,010,774.00		7,010,774.00
Investment Income								159,350.33		159,350.33
Change in Accrued Interest										(15,084.44)
Distributions								(2,725,990.16)		(2,725,990.15)
Net Realized Gains (Losses)								(3,958.18)		(3,958.18)
Change in Cost Basis								36,404.35
Changes in Net Unrealized Appreciation (Depreciation)										(13,119.90)
Ending Investment Assets - 11/30/05								23,500,878.57		23,486,137.61
Rate of Return								4,553.80		0.60%
Accrued interest for the reporting period										90,285.39
Prior period accrued interest										105,369.83
Prepared in Compliance with Generally Accepted Accounting Priniciples