Stephen F. Austin State University
	Summary of Investments
	Quasi Funds
	At February 29, 2008
						Book Value		%		Market Value		%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				$ 3,252,636.00		81.79%		$ 3,484,575.00		82.03%
		Guaranteed
			Mortgage-Backed
			Other
	Total U.S. Government Obligations					3,252,636.00		81.79%		3,484,575.00		82.03%
	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				3,252,636.00		81.79%		3,484,575.00		82.03%
Equity Securities
	Common Stocks and Other Equities
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities
	Total Long-term Securities					3,252,636.00		81.79%		3,484,575.00		82.03%
Short-term Securities
	U.S. Government (Direct & Guaranteed)					674,898.00		16.97%		713,984.83		16.81%
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	Certificate of Deposit
	Total Short-term Securities					674,898.00		16.97%		713,984.83		16.81%
Cash and Cash Equivalents
	Texpool
	Cash Held at State Treasury
	Money Markets					49,331.00		1.24%		49,331.00		1.16%
	Commercial Paper
	Total Cash and Cash Equivalents					49,331.00		1.24%		49,331.00		1.16%
	Total Investments					$ 3,976,865.00		100.00%		$ 4,247,890.83		100.00%