Stephen F. Austin State University
							Inventory of Fixed Securites
							Quasi Endowment
							May 31, 2007
								Beginning Period				Ending Period
		Maturity				Face		3/1/2007		5/31/2007		3/1/2007		5/31/2007		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Note		03/31/07		3.750%		$590,000		$590,026		$589,215						($589,215)
U.S. Treasury Note		05/15/07		4.375%		$32,000		$32,144		$31,948						($31,948)
U.S. Treasury Note		02/15/08		3.375%		$589,000		$580,984		$580,554		$580,984		$582,238		$1,684		3.41%		$5,766
U.S. Treasury Note		12/15/08		3.375%		$700,000		$674,898		$684,796		$674,898		$683,487		($1,309)		3.45%		$10,839
U.S. Treasury Note		07/15/09		3.625%		$500,000		$482,421		$489,180		$482,421		$487,070		($2,110)		3.72%		$6,809
U.S. Treasury Note		03/15/10		4.000%		$595,000		$593,214		$586,075		$593,090		$581,613		($4,462)		4.09%		$4,980
U.S. Treasury Note		01/15/11		4.250%		$490,000		$478,592		$485,370		$478,592		$480,391		($4,979)		4.33%		$7,824
U.S. Treasury Note		10/31/11		4.625%		$300,000		$301,063		$301,289		$301,001		$297,282		($4,007)		4.66%		$1,168
U.S. Treasury Note		08/15/12		4.375%		$675,000						$671,088		$661,291		$661,291		4.46%		$8,566
						$4,471,000		$3,733,342		$3,748,427		$3,782,074		$3,773,372		$24,945				$45,952
Weighted Average Years to Maturity						2.82
Weighted Average Yield						3.97%