Stephen F. Austin State University
		Summary of Investments
		Bond Proceeds
		At August 31, 2005
							Book Value	%	Market Value	%
	Long-term Securities
	Debt Securities
		U.S. Government Obligations
			Direct Treasuries				2,982,945.86		2,962,580.00
			Guaranteed
				Mortgage-Backed
				Other
		Total U.S. Government Obligations					2,982,945.86		2,962,580.00
		U.S. Government Agencies (Non-Gtd.)
			Mortgage-Backed
			Other
		Total U.S. Govt. Agencies (Non-Gtd.)
		Foreign Government Obligations
		Municipal and County Bonds
		Corporate Bonds
		Other
			Total Debt Securities
	Equity Securities
		Common Stocks and Other Equities
		Index Funds
		Mutual Funds
		Other
		Total Equity Securities
		Total Long-term Securities
	Short-term Securities
		U.S. Govt (Direct & Guaranteed)					20,351,802.07		20,323,938.79
		U.S. Govt Agencies (Non-Gtd)					7,588,417.89		7,585,749.56
		Corporate Bonds
		TexPool
		Repurchase Agreements					4,782,584.00		4,782,584.00
		Total Short-term Securities					32,722,803.96		32,692,272.35
	Cash and Cash Equivalents
		Cash in Custodial Accounts
		Cash Held at State Treasury
		Money Markets					8,827,849.80		8,827,849.80
		Commercial Paper
		Total Investments					44,533,599.62	100.00%	44,482,702.15	100.00%