Stephen F. Austin State University
Statement of Changes in Investment Assets
Quasi Fund
At May 31, 2008
Book Value Market Value
Beginning Investment Assets - 03/01/2008  $3,976,865.00  $4,247,890.83
Receipts/Contributions                    -                      -  
Investment Income         31,949.48         31,949.48
Change in Accrued Interest                    -            7,153.98
Distributions            (300.00)            (300.00)
Net Realized Gains (Losses)                    -                      -  
Change in Cost Basis         (1,315.48)                    -  
Changes in Net Unrealized Appreciation (Depreciation)                    -          (106,041.35)
Ending Investment Assets - 05/31/2008    4,007,199.00      4,180,652.94
Rate of Return -1.58%
Accrued interest for the reporting period  $     40,931.72
Prior period accrued interest  $     33,777.74
Prepared in Compliance with Generally Accepted Accounting Priniciples