Stephen F. Austin State University
						Inventory of Fixed Securites
						Quasi Endowment
						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		12/31/05		1.875%		347,000		$344,289		$346,296						($346,296)
U.S. Treasury Bill		03/09/06		0.000%		370,000						$368,544		$369,649		$369,649
U.S. Treasury Note		04/30/06		2.250%		900,000		$896,484		$892,755		$896,484		$896,517		$3,762		2.25%		$6,713
U.S. Treasury Note		07/31/06		2.750%		500,000		$501,048		$494,765		$500,662		$495,995		$1,230		2.77%		$1,064
U.S. Treasury Note		11/15/06		3.500%		275,000		$278,649		$272,616		$277,703		$272,638		$22		3.53%		$2,792
U.S. Treasury Note		03/31/07		3.750%		590,000		$590,414		$584,743		$590,338		$583,917		($826)		3.78%		$9,178
U.S. Treasury Note		05/15/07		4.375%		32,000		$33,024		$31,985		$32,847		$31,873		($112)		4.39%		$406
U.S. Treasury Note		02/15/08		3.375%		389,000		$385,992		$380,551		$385,992		$379,610		($941)		3.45%		$471
U.S. Treasury Note		03/15/10		4.000%		488,000		$490,006		$479,769		$489,890		$476,467		($3,302)		4.09%		$8,951
U.S. Treasury Inflation Note		04/15/10		adjusted		107,000		$105,875		$106,595		$105,875		$106,580		($15)		0.91%		$350
						3,651,000		$3,625,781		$3,590,075		$3,648,335		$3,613,246		$23,171				$29,925
Weighted Average Years to Maturity						1.21
Weighted Average Yield						3.42%