Stephen F. Austin State University
	Summary of Investments
	Operating Funds
	At February 29, 2008
						Book Value		%		Market Value		%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				$ 10,249,739.00		37.61%		$ 10,984,528.00		39.08%
		Guaranteed
			Mortgage-Backed
			Other
	Total U.S. Government Obligations					10,249,739.00		37.61%		10,984,528.00		39.08%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds
	Other
		Total Debt Securities				10,249,739.00		37.61%		10,984,528.00		39.08%
Equity Securities
	Common Stocks and Other Equities
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities
	Total Long-term Securities					10,249,739.00		37.61%		10,984,528.00		39.08%
Short-term Securities
	U.S. Government (Direct & Guaranteed)					1,446,210.00		5.31%		1,529,967.36		5.44%
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	Certificate of Deposit					7,786,872.65		28.57%		7,828,360.21		27.85%
	Total Short-term Securities					9,233,082.65		33.88%		9,358,327.57		33.29%
Cash and Cash Equivalents
	Texpool					85,242.37		0.31%		85,242.37		0.30%
	Cash Held at State Treasury					7,552,906.40		27.72%		7,552,906.40		26.87%
	Money Markets					130,363.00		0.48%		130,363.00		0.46%
	Commercial Paper
	Total Cash and Cash Equivalents					7,768,511.77		28.51%		7,768,511.77		27.63%
	Total Investments					$ 27,251,333.42		100.00%		$ 28,111,367.34		100.00%