Stephen F. Austin State University
								Inventory of Fixed Securites
							Quasi Endowment
								May 31, 2006
								Beginning Period				Ending Period
		Maturity				Face		3/1/2006		3/1/2006		5/31/2006		5/31/2006		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Bill		03/09/06		0.000%		370,000		$368,544		$369,649						($369,649)
U.S. Treasury Inflation Note		04/15/10		adjusted		107,000		$105,875		$106,580						($106,580)
U.S. Treasury Note		04/30/06		2.250%		900,000		$896,484		$896,517						($896,517)
U.S. Treasury Bill		06/08/06		0.000%		900,000						$895,988		$899,235		$899,235
U.S. Treasury Bill		06/15/06		0.000%		370,000						$368,396		$369,319		$369,319
U.S. Treasury Note		07/31/06		2.750%		500,000		$500,662		$495,995		$500,267		$498,260		$2,265		2.75%		$4,558
U.S. Treasury Note		11/15/06		3.500%		275,000		$277,703		$272,638		$276,747		$273,045		$407		3.52%		$418
U.S. Treasury Note		03/31/07		3.750%		590,000		$590,338		$583,917		$590,259		$583,481		($436)		3.79%
U.S. Treasury Note		05/15/07		4.375%		32,000		$32,847		$31,873		$32,669		$31,785		($88)		4.40%		$61
U.S. Treasury Note		02/15/08		3.375%		389,000		$385,992		$379,610		$385,992		$378,485		($1,125)		3.46%		$3,808
U.S. Treasury Note		03/15/10		4.000%		488,000		$489,890		$476,467		$489,764		$470,998		($5,469)		4.14%		$4,084
U.S. Treasury Note		03/15/10		4.000%		107,000						$103,813		$103,272		$103,272		4.14%		$896
						5,028,000		3,648,335		3,613,246		3,643,895		3,607,880		($5,366)				$13,825
Weighted Average Years to Maturity						1.01
Weighted Average Yield						3.58%