Stephen F. Austin State University
								Inventory of Fixed Securites
								Quasi Endowment
								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%		589,000		$        580,984		$       589,094						$   (589,094)
U.S. Treasury Note		12/15/08		3.375%		700,000		674,898		702,023		$          674,898		$          709,079		7,056		3.33%		$      4,906
U.S. Treasury Note		07/15/09		3.625%		500,000		482,421		504,140		482,421		514,025		9,885		3.52%		2,241
U.S. Treasury Note		03/15/10		4.000%		595,000		592,846		607,549		592,724		623,263		15,714		3.81%		10,919
U.S. Treasury Note		01/15/11		4.250%		490,000		478,592		506,881		478,592		523,075		16,194		3.98%		2,575
U.S. Treasury Note		10/31/11		4.625%		300,000		300,886		314,625		300,830		326,508		11,883		4.24%		4,612
U.S. Treasury Note		08/15/12		4.375%		675,000		671,085		704,903		671,085		732,902		27,999		4.02%		1,136
U.S. Treasury Note		05/15/13		3.625%		700,000						726,981		735,931		735,931		3.44%		7,389
								$     3,781,712		$    3,929,215		$        3,927,531		$        4,164,783		$    235,568				$     33,778
Weighted Average years to Maturity						2.94
Weighted average yield						3.71%