Stephen F. Austin State University

Statement of Changes in Investment Assets

Quasi Endowment Fund

At November 30, 2006

Book Value

Market Value

Beginning Investment Assets - 09/01/06

3,746,086.00

3,767,523.18

Receipts/Contributions

Investment Income

29,072.60

Change in Accrued Interest

6,919.19

Distributions

Net Realized Gains (Losses)

Change in Cost Basis

(1,741.60)

Changes in Net Unrealized Appreciation (Depreciation)

24,058.36

Ending Investment Assets - 11/30/06

3,773,417.00

3,827,573.33

Rate of Return

1.59%

Accrued interest for the reporting period

41,142.80

Prior Period Accrued Interest

34,223.61

Prepared in Compliance with Generally Accepted Accounting Priniciples