Stephen F. Austin State University
								Inventory of Fixed Securities
								Endowment Funds
								February 28, 2007
								Beginning Period				Ending Period
		Maturity				Face		12/1/2006		12/1/2006		2/28/2007		2/28/2007		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
Province of Ontario		12/15/06		2.650%		$70,000		$69,669		$69,934						($69,934)
U.S. Treasury Note		07/15/10		3.875%		$626,000		$611,626		$614,043						($614,043)
U.S. Treasury Note		11/15/08		3.375%		$273,000		$262,795		$266,784		$262,795		$267,166		$382		3.44%		$2,673
U.S. Treasury Note		02/15/16		4.500%		$667,000		$645,092		$668,874		$645,092		$664,472		($4,402)		4.51%		$1,078
U.S. Treasury Note		11/15/08		3.375%		$8,000						$7,806		$7,829		$7,829		3.44%		$78
U.S. Treasury Note		11/30/08		4.625%		$682,000						$678,820		$681,413		$681,413		4.62%		$7,799
U.S. Treasury Note		02/15/16		4.500%		$5,000						$4,965		$4,981		$4,981		4.51%		$8
Fed Natl Mtg Assoc		10/15/08		4.500%		$535,000		$526,495		$532,159		$526,496		$532,491		$332		4.52%		$8,894
Fed Natl Mtg Assoc		10/15/08		4.500%		$14,000						$13,898		$13,934		$13,934		4.52%		$233
Fed Natl Mtg Assoc		02/01/11		6.250%		$150,000		$158,606		$157,641		$158,084		$156,796		($845)		5.97%		$704
Fed Natl Mtg Assoc		02/01/11		6.250%		$21,000						$21,976		$21,952		$21,952		5.97%		$98
Fed Home Loan Mtg		03/15/11		5.625%		$446,000		$451,250		$461,472		$450,422		$459,242		($2,230)		5.46%		$11,359
Fed Home Loan Mtg		03/15/11		5.625%		$9,000						$9,256		$9,267		$9,267		5.46%		$229
Fed Natl Mtg Assoc		03/15/12		6.125%		$267,000		$275,980		$284,355		$275,555		$282,270		($2,085)		5.79%		$7,405
Fed Natl Mtg Assoc		03/15/12		6.125%		$6,000						$6,340		$6,343		$6,343		5.79%		$166
General Electric Corp		04/01/09		3.125%		$112,000		$105,347		$107,643		$105,347		$107,963		$320		3.42%		$1,429
General Electric Corp		04/01/09		2.125%		$2,000						$1,922		$1,928		$1,928		3.42%		$25
J.P. Morgan Chase Notes		01/17/11		floating		$71,000		$71,139		$71,197		$71,121		$71,256		$59
Eksportfinans Notes		02/14/12		5.000%		$108,000						$107,717		$108,683		$108,683		4.96%
Goldman Sachs Notes		10/01/14		5.000%		$74,000		$73,283		$72,643		$73,286		$72,336		($307)		5.11%		$1,511
Total						$4,146,000		$3,251,282		$3,306,745		$3,420,898		$3,470,322		$163,577				$43,689
Weighted Average Years to Maturity						4.09
Weighted Average Yield						4.74%