Stephen F. Austin State University
Statement of Changes in Bond Proceeds
At February 28, 2006
								Regions Bank Stone Fort Bank						Regions Bank
								Bond Series 2002						Bond Series 2004
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 12/01/05								1,057,751.60		1,057,751.60				22,760,410.18		22,723,528.68
Receipts/Contributions
Investment Income								10,698.11		10,698.11				197,397.18		197,397.18
Distributions								(144,944.67)		(144,944.67)				(3,013,208.55)		(3,013,208.55)
Net Realized Gains (Losses)														2,563.06		2,563.06
Changes in Net Unrealized Appreciation (Depreciation)																4,307.98
Ending Balance - 02/28/06								923,505.04		923,505.04		1.09		19,947,161.87		19,914,588.35		0.96
								Regions Bank						Regions Bank
								Bond Series 2005					Bond Series 2005 Cost of Issuance
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 12/01/05								10,965,037.11		10,964,949.36				85,973.90		85,973.90
Receipts/Contributions
Investment Income								184,464.33		184,464.33				871.77		871.77
Distributions								(3,151,958.54)		(3,151,958.54)				(32.34)		(32.34)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)										87.75
Ending Balance - 02/28/06								7,997,542.90		7,997,542.90		1.97		86,813.33		86,813.33		1.01
								Texas Term						Bancorpsouth
							Local Government Investment Pool							Bond Series 2005A Debt Service
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 12/01/05								633,581.48		633,581.48				55,799,221.90		55,799,221.90
Receipts/Contributions
Investment Income								6,594.47		6,594.47
Accrued Interest																554,953.85
Distributions								(15,296.08)		(15,296.08)				(3,834,908.40)		(3,834,908.40)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)
Ending Balance - 02/28/06								624,879.87		624,879.87		1.05		51,964,313.50		52,519,267.35		1.03
Prepared in Compliance with Generally Accepted Accounting Principles