Stephen F. Austin State University
	Summary of Investments
	Endowment Fund
	At February 28, 2007
						Book Value	%	Market Value	%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				1,599,478.00	17.11%	1,637,497.00	16.06%
		Guaranteed
			Mortgage-Backed				0.00%		0.00%
			Other
	Total U.S. Government Obligations					1,599,478.00	17.11%	1,637,497.00	16.06%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				1,462,027.00		1,511,383.00
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					1,462,027.00	15.64%	1,511,383.00	14.82%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					359,395.00		365,131.00
	Other
		Total Debt Securities				3,420,900.00	36.59%	3,514,011.00	34.46%
Equity Securities
	Common Stocks and Other Equities					4,968,407.00	53.15%	5,724,604.94
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					4,968,407.00		5,724,604.94
	Total Long-term Securities					8,389,307.00	89.74%	9,238,615.94	90.59%
Alternative Investments						500,000.00	5.35%	500,000.00	4.90%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	TexPool
	Certificates of Deposit
	Total Short-term Securities					0.00		0.00
Cash and Cash Equivalents
	Cash
	Money Markets					449,192.00	4.80%	449,192.00	4.40%
	Certificates of Deposit					10,075.49	0.11%	10,075.49	0.10%
	Total Cash and Cash Equivalents					459,267.49	4.91%	459,267.49	4.50%
	Total Investments					9,348,574.49	100.00%	10,197,883.43	100.00%