Stephen F. Austin State University
Statement of Changes in Investment Assets
Endowment Fund
At August 31, 2004
Book Value Market Value
Beginning Investment Assets - 06/01/04 7,674,573.49 8,553,701.39
Receipts/Contributions 6,025.00 6,025.00
Investment Income 85,743.24 85,743.24
Change in Accrued Interest (21,272.00)
Distributions (111,381.51) (111,381.51)
Change in Cost Basis (36,966.76)
Net Realized Gains (Losses) 56,583.54 56,583.54
Changes in Net Unrealized Appreciation (Depreciation)   (59,556.01)
Ending Investment Assets - 08/31/04 7,674,577.00 8,509,843.65
Rate of Return 0.72%
Prepared in Compliance with Generally Accepted Accounting Priniciples
Accrued interest for the reporting period 17,077.00
Prior period accrued interest       38,349.00