Stephen F. Austin State University
	Statement of Changes in Investment Assets
	Endowment Fund
	At August 31, 2006
								Book Value		Market Value
Beginning Investment Assets - 06/01/06								8,240,841.49		9,390,893.62
Receipts/Contributions								37,849.17		37,849.17
Investment Income								76,045.36		76,045.36
Change in Accrued Interest										11,576.37
Distributions								(19,038.28)		(19,038.28)
Change in Cost Basis								239,843.49
Net Realized Gains (Losses)								346,019.26		346,019.26
Changes in Net Unrealized Appreciation (Depreciation)										(158,626.09)
Ending Investment Assets - 08/31/06								8,921,560.49		9,684,719.41
Rate of Return										2.93%
Prepared in Compliance with Generally Accepted Accounting Priniciples
Accrued interest for the reporting period										41,703.23
Prior period accrued interest										30,126.86