Stephen F. Austin State University
								Inventory of Fixed Securites
								Operating 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
U.S. Treasury Note		03/31/07		3.750%		$2,217,000		$2,216,768		$2,207,467		$2,216,534		$2,214,051		$6,584		3.75%		$34,488
U.S. Treasury Note		02/15/08		3.375%		$1,927,000		$1,892,528		$1,895,686		$1,892,528		$1,899,367		$3,681		3.42%		$2,336
U.S. Treasury Note		12/15/08		3.375%		$1,500,000		$1,446,210		$1,465,080		$1,446,210		$1,467,420		$2,340		3.44%		$10,431
U.S. Treasury Note		07/15/09		3.625%		$1,500,000		$1,447,265		$1,467,720		$1,447,265		$1,467,540		($180)		3.70%		$6,609
U.S. Treasury Note		03/15/10		4.000%		$1,818,000		$1,811,919		$1,792,148		$1,811,589		$1,790,730		($1,418)		4.06%		$33,347
U.S. Treasury Note		01/15/11		4.250%		$1,350,000		$1,318,570		$1,339,605		$1,318,570		$1,337,243		($2,362)		4.29%		$6,974
U.S. Treasury Note		10/31/11		4.625%		$1,000,000		$1,003,718		$1,007,580		$1,003,535		$1,004,300		($3,280)		4.60%		$15,331
						$11,312,000		$11,136,978		$11,175,286		$11,136,231		$11,180,651		$5,365				$109,516
Weighted Average Years to Maturity						2.10
Weighted Average Yield						3.84%