Stephen F. Austin State University
							Inventory of Fixed Securities
							Endowment Funds
							August 31, 2005
									Beginning Period				Ending Period
			Maturity				Face		6/1/2005		6/1/2005		8/31/2005		8/31/2005		Market Value		Current		Accrued
	Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
	U.S. Treasury Note		11/30/05		1.875%		591,000		$585,927		$587,329		$585,927		$588,623		$1,294		1.88%		$2,785
	U.S. Treasury Note		11/30/05		1.875%		197,000		$195,253		$195,775		$195,253		$196,208		$433		1.88%		$928
	U.S. Treasury Note		11/30/05		1.875%		161,000						$160,086		$160,353		$160,353		1.88%		$759
	U.S. Treasury Note		08/15/07		2.750%		160,000		$159,486		$157,104		$159,486		$156,757		($347)		2.80%		$191
	Fed Nat'l Mtg Assoc. Note		02/01/11		6.250%		250,000		$269,724		$273,202		$268,813		$272,188		($1,014)		5.74%		$1,302
	U.S. Treasury Note		11/15/14		4.250%		725,000		$730,891		$738,086		$730,733		$736,948		($1,138)		4.18%		$9,043
	U.S. Treasury Note		05/15/16		7.250%		130,000		$159,748		$165,531		$158,995		$165,004		($527)		5.71%		$2,766
	U.S. Treasury Note		05/15/16		7.250%		43,000						$54,704		$54,578		$54,578		5.71%		$915
	Household Finl Corp Ltd Notes		01/24/06		6.500%		85,000		$86,984		$86,488		$86,211		$85,779		($709)		6.44%		$568
	IBM Corp Nots		10/01/06		4.875%		160,000		$162,099		$162,104		$161,702		$161,189		($915)		4.83%		$3,250
	Province of Ontario Bond		12/15/06		2.650%		135,000		$134,630		$132,717		$134,624		$132,732		$15		2.69%		$755
	Citigroup Inc Notes		02/01/08		3.500%		164,000		$161,273		$161,544						($161,544)
	General Electric Capital Notes		01/15/13		5.450%		153,000		$160,513		$161,682		$160,259		$161,337		($345)		5.16%		$1,065
	Goldman Sachs Notes		10/01/14		5.000%		62,000		$126,067		$127,057		$62,021		$62,413		($64,644)		4.96%		$1,292
	Total								$2,932,595		$2,948,619		$2,918,814		$2,934,109		($14,510)				$25,620
	Weighted Average Years to Maturity				4.39
	Weighted Average Yield				3.67%