Stephen F. Austin State University
				Inventory of Fixed Securities
				Endowment Funds
				February 28, 2006
								Beginning Period				Ending Period
		Maturity				Face		12/1/2005		12/1/2005		2/28/2006		2/28/2006		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Note		02/08/06		1.625%		599,999		$595,513		$595,634						($595,634)
U.S. Treasury Note		08/15/07		2.750%		174,000		$173,084		$169,290		$173,084		$169,215		($75)		2.82%		$172
U.S. Treasury Note		11/15/08		4.375%		70,000						$70,131		$69,483		$69,483		4.40%		$888
U.S. Treasury Note		07/10/10		3.875%		309,000		$307,553		$301,865		$307,530		$299,912		($1,953)		3.99%		$1,455
Fed Nat'l Mtg Assoc. Note		02/01/11		6.250%		250,000		$267,918		$263,437		$267,038		$261,250		($2,187)		5.98%		$1,172
U.S. Treasury Note		11/15/14		4.250%		838,000		$842,879		$820,519		$842,727		$816,464		($4,055)		4.36%		$10,330
U.S. Treasury Note		05/15/16		7.250%		198,000		$242,704		$240,538		$241,537		$239,641		($897)		5.99%		$4,164
Household Finl Corp Ltd Notes		01/24/06		6.500%		69,000		$69,361		$69,185						($69,185)
IBM Corp Notes		10/01/06		4.875%		140,000		$141,147		$140,175		$140,807		$139,895		($280)		4.87%		$2,787
Province of Ontario Bond		12/15/06		2.650%		135,000		$134,618		$132,304		$134,612		$132,585		$281		2.69%		$725
J.P. Morgan Chase Notes		01/17/11		floating		55,000		$55,135		$54,970		$55,128		$55,016		$46
General Electric Capital Notes		01/15/13		5.450%		137,000		$143,281		$139,487		$143,059		$138,888		($599)		5.37%		$892
Goldman Sachs Notes		10/01/14		5.000%		62,000		$62,021		$60,379		$62,020		$60,115		($264)		5.15%		$1,266
						2,437,000		$3,035,214		$2,987,783		$2,437,673		$2,382,464		($605,319)				$23,851
Weighted Average Years to Maturity				6.03
Weighted Average Yield				4.42%