Stephen F. Austin State University
Statement of Changes in Investment Assets
Endowment Fund
At November 30, 2007
Book Value Market Value
Beginning Investment Assets - 09/01/07  $    9,813,623.49  $   10,095,072.91
Receipts/Contributions
Investment Income             58,970.13             58,970.13
Change in Accrued Interest              8,442.44
Distributions            (17,393.84)            (17,171.71)
Net Realized Gains (Losses)             26,299.66             26,299.66
Change in Cost basis             (9,403.95)
Changes in Net Unrealized Appreciation (Depreciation)                        -             195,397.96
Ending Investments Assets - 11/30/2007  $    9,872,095.49  $   10,367,011.39
Rate of Return 2.87%
Accrued interest for the reporting period  $         40,807.58
Prior period accrued interest  $         32,365.14
Prepared in Compliance with Generally Accepted Accounting Priniciples