Stephen F. Austin State University
									Inventory of Fixed Securities
									Endowment Funds
									August 31, 2006
									Beginning Period				Ending Period
			Maturity				Face		6/1/2006		6/1/2006		8/31/2006		8/31/2006		Market Value		Current		Accrued
	Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
	Fed Home Loan Mtg		11/16/07		4.375%		351,000		$346,643		$346,283						($346,283)
	Fed Natl Mtg Assoc		10/15/08		4.500%		535,000		$471,331		$470,618		$526,494		$528,981		$58,363		4.55%		$9,095
	U.S. Treasury Note		07/15/10		3.875%		626,000		$540,296		$528,888		$611,648		$608,491		$79,603		3.98%		$3,098
	Fed Natl Mtg Assoc		02/01/11		6.250%		150,000		$159,668		$154,220		$159,129		$156,188		$1,968		6.00%		$781
	Fed Home Loan Mtg		03/15/11		5.625%		446,000		$405,567		$404,886		$451,250		$456,593		$51,707		5.49%		$11,568
	Fed Natl Mtg Assoc		03/15/12		6.125%		267,000		$718,049		$717,253		$276,403		$280,684		($436,569)		5.82%		$7,541
	Province of Ontario		12/15/06		2.650%		70,000		$62,743		$62,121		$69,675		$69,481		$7,360		2.66%		$392
	GE Electric Corp		04/01/09		3.125%		112,000		$93,993		$93,896		$105,346		$106,551		$12,655		3.28%		$1,458
	J.P. Morgan Chase Notes		01/17/11		floating		71,000		$62,121		$62,141		$71,138		$71,139		$8,998
	Goldman Sachs Notes		10/01/14		5.000%		74,000		$66,681		$62,572		$73,298		$71,134		$8,562		5.20%		$1,542
	U.S. Treasury Note		11/15/08		3.375%		549,000						$528,153		$533,238		$533,238		3.47%		$5,438
	U.S. Treasury Note		02/15/16		4.500%		404,000						$383,274		$396,473		$396,473		4.58%		$790
							3,655,000		$2,927,092		$2,902,878		$3,255,808		$3,278,953		$376,075				$41,703
	Weighted Average Years to Maturity				4.23
	Weighted Average Yield				4.49%