Stephen F. Austin State University
									Inventory of Fixed Securities
									Endowment Funds
									November 30, 2006
									Beginning Period				Ending Period
			Maturity				Face		9/1/2006		9/1/2006		11/30/2006		11/30/2006		Market Value		Current		Accrued
	Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
	Fed Natl Mtg Assoc		10/15/08		4.500%		535,000		$526,494		$528,981		$526,495		$532,159		$3,178		4.52%		$3,009
	U.S. Treasury Note		11/15/08		3.375%		273,000		$528,153		$533,238		$262,795		$266,784		($266,454)		3.45%		$382
	U.S. Treasury Note		07/15/10		3.875%		626,000		$611,648		$608,491		$611,626		$614,043		$5,552		3.95%		$9,097
	Fed Natl Mtg Assoc		02/01/11		6.250%		150,000		$159,129		$156,188		$158,606		$157,641		$1,453		5.94%		$3,099
	Fed Home Loan Mtg		03/15/11		5.625%		446,000		$451,250		$456,593		$451,250		$461,472		$4,879		5.43%		$5,227
	Fed Natl Mtg Assoc		03/15/12		6.125%		267,000		$276,403		$280,684		$275,980		$284,355		$3,671		5.75%		$3,407
	U.S. Treasury Note		02/15/16		4.500%		404,000		$383,274		$396,473		$383,274		$405,135		$8,662		4.48%		$5,286
	U.S. Treasury Note		02/15/16		4.500%		263,000						$261,818		$263,739		$263,739		4.48%		$3,441
	Province of Ontario		12/15/06		2.650%		70,000		$69,675		$69,481		$69,669		$69,934		$453		2.65%		$850
	GE Electric Corp		04/01/09		3.125%		112,000		$105,346		$106,551		$105,347		$107,643		$1,092		3.25%		$574
	J.P. Morgan Chase Notes		01/17/11		floating		71,000		$71,138		$71,139		$71,139		$71,197		$58
	Goldman Sachs Notes		10/01/14		5.000%		74,000		$73,298		$71,134		$73,283		$72,643		$1,509		5.09%		$606
							3,291,000		$3,255,808		$3,278,953		$3,251,282		$3,306,745		$27,792				$34,978
	Weighted Average Years to Maturity						4.57
	Weighted Average Yield						4.53%