Stephen F. Austin State University
                                                     Inventory of Fixed Securities        ecurities
Operating Funds
February 29, 2008
Beginning Period Ending Period
Maturity Face 11/30/2007 11/30/2007 2/29/2008 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 Note 02/15/08 3.375%    1,927,000  $      1,892,528  $      1,927,308  $     (1,927,308)
U.S. Treasury Note 12/15/08 3.375%    1,500,000          1,446,210          1,504,335  $      1,446,210  $      1,519,455              15,120 3.33%  $      10,512
U.S. Treasury Note 07/15/09 3.625%    1,500,000          1,447,265          1,512,420          1,447,265          1,542,075              29,655 3.52%            6,722
U.S. Treasury Note 03/15/10 4.000%    1,818,000          1,810,583          1,856,342          1,810,251          1,904,355              48,013 3.81%          33,363
U.S. Treasury Note 01/15/11 4.250%    1,350,000          1,318,570          1,396,508          1,318,570          1,441,125              44,617 3.98%            7,093
U.S. Treasury Note 10/31/11 4.625%    1,000,000          1,002,960          1,048,750          1,002,772          1,088,360              39,610 4.24%          15,374
U.S. Treasury Note 08/15/12 4.437%    2,400,000          2,386,081          2,506,320          2,386,081          2,605,872              99,552 4.02%            4,039
U.S. Treasury Note 05/15/13 3.625%    2,200,000          2,284,798          2,312,926          2,312,926 3.44%          23,224
                    -  
 $     13,695,000  $    11,304,197  $    11,751,983  $     11,695,947  $    12,414,168  $         662,185  $     100,327
Weighted average years to maturity             3.12
Weighted average yield 3.74%