Stephen F. Austin State University
		Statement of Changes in Investment Assets
		Quasi Endowment Fund
		At August 31, 2005
									Book Value		Market Value
	Beginning Investment Assets - 06/01/5								3,637,042.00		3,643,864.00
	Receipts/Contributions
	Investment Income								19,620.53		19,620.53
	Change in Accrued Interest										6,625.87
	Distributions								(6,112.06)		(6,112.06)
	Net Realized Gains (Losses)								349.24		349.24
	Change in Cost Basis								(2,325.71)
	Changes in Net Unrealized Appreciation (Depreciation)										(6,165.58)
	Ending Investment Assets - 08/31/05								3,648,574.00		3,658,182.00
	Rate of Return										0.56%
	Accrued interest for the reporting period										27,592.87
	Prior Period Accrued Interest										20,967.00
	Prepared in Compliance with Generally Accepted Accounting Priniciples
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