Stephen F. Austin State University

Statement of Changes in Investment Assets

Quasi Endowment Fund

At November 30, 2007

Book Value

Market Value

Beginning Investment Assets - 09/01/07

$ 3,898,410.00

$ 3,985,865.15

Receipts/Contributions

Investment Income

20,389.96

Change in Accrued Interest

18,269.21

Distributions

Net Realized Gains (Losses)

Change in Cost Basis

(178.96)

Changes in Net Unrealized Appreciation (Depreciation)

87,525.06

Ending Investments Assets - 11/30/07

$ 3,918,621.00

$ 4,112,049.38

Rate of Return

3.17%

Accrued interest for the reporting period

$ 45,929.78

Prior period accrued interest

$ 27,660.57

Prepared in Compliance with Generally Accepted Accounting Priniciples