Stephen F. Austin State University
Statement of Changes in Investment Assets
Endowment Fund
At May 31, 2007
Book Value Market Value
Beginning Investment Assets - 03/01/07 9,348,574.49 10,197,883.43
Receipts/Contributions 83,505.88 83,505.88
Investment Income
Change in Accrued Interest (10,488.20)
Distributions (508,620.84) (508,620.84)
Change in Cost Basis 15,560.56
Net Realized Gains (Losses) 194,579.40 194,579.40
Changes in Net Unrealized Appreciation (Depreciation)   247,878.26
Ending Investment Assets - 05/31/07 9,133,599.49 10,204,737.93
Rate of Return 4.33%
Prepared in Compliance with Generally Accepted Accounting Priniciples
Accrued interest for the reporting period       33,201.05
Prior period accrued interest       43,689.25