Stephen F. Austin State University
		Summary of Investments
		Bond Proceeds
		At May 31, 2007
		Restated
							Book Value	%	Market Value	%
	Long-term Securities
	Debt Securities
		U.S. Government Obligations
			Direct Treasuries
			Guaranteed
				Mortgage-Backed
				Other
		Total U.S. Government Obligations
		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
	Equity Securities
		Common Stocks and Other Equities
		Index Funds
		Mutual Funds
		Other
		Total Equity Securities
		Total Long-term Securities
	Short-term Securities
		U.S. Govt (Direct & Guaranteed)
		U.S. Govt Agencies (Non-Gtd)
		Corporate Bonds
		TexPool
		Repurchase Agreements					6,279,935.33		6,457,403.81
		Total Short-term Securities					6,279,935.33		6,457,403.81
	Cash and Cash Equivalents
		Cash in Custodial Accounts
		Cash Held at State Treasury
		Money Markets					7,285,082.76		7,285,082.76
		Commercial Paper
		Total Investments					13,565,018.09	100.00%	13,742,486.57	100.00%