Stephen F. Austin State University
								Inventory of Fixed Securites
								Quasi 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		12/31/05		1.875%		597,000		$640,953		$640,825		$592,335		$593,478		($47,347)		1.88%		$1,886
U.S. Treasury Note		04/30/06		2.250%		900,000		$896,484		$890,793		$896,484		$891,144		$351		2.27%		$6,768
U.S. Treasury Note		07/31/06		2.750%		500,000		$501,834		$495,942		$501,438		$495,350		($592)		2.77%		$1,158
U.S. Treasury Note		11/15/06		3.500%		275,000		$298,935		$292,941		$279,606		$274,024		($18,917)		3.51%		$2,825
U.S. Treasury Note		12/15/06		5.625%		45,000		$46,209		$45,768						($45,768)
U.S. Treasury Note		03/31/07		3.750%		590,000		$611,589		$612,668		$590,492		$589,215		($23,453)		3.75%		$9,249
U.S. Treasury Note		05/15/07		4.375%		32,000		$33,384		$32,474		$33,203		$32,292		($182)		4.33%		$411
U.S. Treasury Note		02/15/08		3.375%		263,000		$260,858		$261,201		$260,859		$259,122		($2,079)		3.41%		$386
U.S. Treasury Note		02/15/08		3.375%		126,000						$125,133		$124,622		$124,622		3.41%		$185
U.S. Treasury Note		03/15/10		4.000%		155,000		$227,012		$229,340		$155,250		$155,873		($73,467)		3.97%		$2,847
U.S. Treasury Note		03/15/10		4.000%		83,000						$84,171		$83,467		$83,467		3.97%		$1,525
U.S. Treas Inflation Note		04/15/10		adjusted		107,000		$105,875		$107,035		$105,875		$107,274		$239		0.89%		$353
						3,673,000		$3,623,133		$3,608,987		$3,624,846		$3,605,861		($3,126)				$27,593
Weighted Average Years to Maturity				1.41
Weighted Average Yield				2.82%