Stephen F. Austin State University
	Summary of Investments
	Endowment Fund
	At August 31, 2006
						Book Value	%	Market Value	%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				1,523,075.00	17.07%	1,547,529.00	15.98%
		Guaranteed
			Mortgage-Backed				0.00%		0.00%
			Other
	Total U.S. Government Obligations					1,523,075.00	17.07%	1,547,529.00	15.98%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				1,413,278.00		1,451,430.00
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					1,413,278.00	15.84%	1,451,430.00	14.99%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					249,774.00		251,825.00
	Other
		Total Debt Securities				3,186,127.00	35.71%	3,250,784.00	33.57%
Equity Securities
	Common Stocks and Other Equities					4,555,611.00		5,253,915.92
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					4,555,611.00		5,253,915.92
	Total Long-term Securities					7,741,738.00	86.78%	8,504,699.92	87.82%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)						0.00%		0.00%
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds					69,675.00	0.78%	69,872.00	0.72%
	TexPool
	Certificates of Deposit
	Total Short-term Securities					69,675.00	0.78%	69,872.00	0.72%
Cash and Cash Equivalents
	Cash
	Money Markets					1,100,072.00	12.33%	1,100,072.00	11.36%
	Certificates of Deposit					10,075.49	0.11%	10,075.49	0.10%
	Total Cash and Cash Equivalents					1,110,147.49	12.44%	1,110,147.49	11.46%
	Total Investments					8,921,560.49	100.00%	9,684,719.41	100.00%