Stephen F. Austin State University
								Inventory of Fixed Securities
								Endowment
									February 29, 2008
								Beginning Period				Ending Period
		Maturity				Face		11/30/2007		11/30/2007		2/2/2008		2/29/2008		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury		05/31/09		4.875%		139,000		$        138,882		$        142,671						$  (142,671)
U.S. Treasury		05/31/09		4.875%		137,000		138,752		140,618						(140,618)
Fed Nat'l Mtg		02/01/11		6.250%		169,000		176,182		180,778		$          175,608		$          183,154		2,376		5.76%		$      821
Fed Home Loan Mtg		03/15/11		5.625%		438,000		441,689		463,185		441,408		471,809		8,624		5.22%		11,224
U.S. Treasury		12/31/11		4.625%		522,000		521,151		547,980		521,146		569,470		21,490		4.23%		3,980
U.S. Treasury		02/29/12		4.625%		480,000		483,234		503,774		483,042		523,949		20,175		4.23%
Fed Nat'l Mtg		03/15/12		6.125%		263,000		270,282		285,273		370,232		398,611		113,338		5.50%		9,989
Fed Nat'l Mtg		03/15/12		6.125%		95,000		100,718		103,046						(103,046)
Fed Nat'l Mtg		11/19/12		6.125%		318,000						327,014		337,974		337,974		4.46%		4,196
U.S. Treasury		02/15/16		4.500%		662,000		640,954		690,082		640,954		718,687		28,605		4.14%		1,146
General Electric		04/01/09		3.125%		108,000		101,668		106,598		101,668		107,987		1,389		3.12%		1,387
J.P. Morgan Chase		01/17/11		floating		71,000		71,090		70,352		71,081		70,048		(304)
Eksportfinans		02/14/12		5.000%		105,000		104,744		108,457		104,744		112,259		3,802		4.67%		219
Wachovia Corp		08/01/14		5.250%		75,000		71,085		71,076		71,085		73,146		2,070		5.23%		298
						$    3,582,000		$      3,260,431		$      3,413,890		$       3,307,982		$       3,567,094		$   153,204				$ 33,260
Weighted Average years to Maturity				4.61
Weighted average yield				4.56%