Stephen F. Austin State University
	Summary of Investments
	Endowment Funds
	At February 29, 2008
						Book Value		%		Market Value		%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				$     1,645,144.00		16.58%		$     1,817,232.00		18.32%
		Guaranteed
			Mortgage-Backed
			Other
	Total U.S. Government Obligations					1,645,144.00		16.58%		1,817,232.00		18.32%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				1,314,263.00		13.23%		1,417,778.00		14.28%
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					1,314,263.00		13.23%		1,417,778.00		14.28%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					348,578.00		3.51%		365,344.00		3.68%
	Other
		Total Debt Securities				3,307,985.00		33.31%		3,600,354.00		36.29%
Equity Securities
	Common Stocks and Other Equities					5,189,290.00		52.23%		4,865,576.45		49.01%
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					5,189,290.00		52.23%		4,865,576.45		49.01%
	Total Long-term Securities					8,497,275.00		85.55%		8,465,930.45		85.30%
Short-term Securities
	U.S. Government (Direct & Guaranteed)
	U.S. Governmentt Agencies
	Corporate Bonds
	Certificate of Deposit					10,075.49		0.10%		10,075.49		0.10%
	Total Short-term Securities					10,075.49		0.10%		10,075.49		0.10%
Cash and Cash Equivalents
	Texpool
	Cash Held at State Treasury
	Money Markets					427,206.00		4.30%		427,206.00		4.31%
	Commercial Paper
	Total Cash and Cash Equivalents					427,206.00		4.30%		427,206.00		4.31%
Alternative Investments						999,963.00		10.08%		1,023,782.00		10.32%
	Total Investments					$     9,934,519.49		100.00%		$     9,926,993.94		100.00%