Stephen F. Austin State University
Statement of Changes in Investment Assets
Quasi Endowment Fund
At  August 31, 2004
Book Value Market Value
Beginning Investment Assets - 06/01/04 3,615,002.00 3,604,905.00
Receipts/Contributions
Investment Income 14,784.38 14,784.38
Change in Accrued Interest 23,804.00
Distributions (6,025.26) (6,025.26)
Net Realized Gains (Losses) (8,726.09) (8,726.09)
Change in Cost Basis (23,144.03)
Changes in Net Unrealized Appreciation (Depreciation)   (406.03)
Ending Investment Assets - 08/31/04 3,591,891.00 3,628,336.00
Rate of Return 0.82%
Accrued interest for the reporting period 35,251.00
Prior Period Accrued Interest 11,447.00
Prepared in Compliance with Generally Accepted Accounting Priniciples