Stephen F. Austin State University
	Summary of Investments
	Endowment Fund
	At November 30, 2006
						Book Value	%	Market Value	%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				1,519,513.00	17.29%	1,567,907.13	15.51%
		Guaranteed
			Mortgage-Backed				0.00%		0.00%
			Other
	Total U.S. Government Obligations					1,519,513.00	17.29%	1,567,907.13	15.51%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				1,412,331.00		1,450,369.00
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					1,412,331.00	16.07%	1,450,369.00	14.35%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					249,766.00		252,663.00
	Other
		Total Debt Securities				3,181,610.00	36.20%	3,270,939.13	32.36%
Equity Securities
	Common Stocks and Other Equities					4,372,120.00		5,601,540.00
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					4,372,120.00		5,601,540.00
	Total Long-term Securities					7,553,730.00	85.94%	8,872,479.13	87.77%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)						0.00%		0.00%
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds					69,669.00	0.79%	70,784.00	0.70%
	TexPool
	Certificates of Deposit
	Total Short-term Securities					69,669.00	0.79%	70,784.00	0.70%
Cash and Cash Equivalents
	Cash
	Money Markets					1,155,656.00	13.15%	1,155,656.00	11.43%
	Certificates of Deposit					10,075.49	0.11%	10,075.49	0.10%
	Total Cash and Cash Equivalents					1,165,731.49	13.26%	1,165,731.49	11.53%
	Total Investments					8,789,130.49	100.00%	10,108,994.62	100.00%