Stephen F. Austin State University
								Inventory of Fixed Securites
								Operating 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
U.S. Treasury Bill		06/08/06		0.000%		1,600,000		$1,592,867		$1,598,640						(1,598,640)
U.S. Treasury Bill		06/15/06		0.000%		1,752,000		$1,744,405		$1,748,776						(1,748,776)
U.S. Treasury Note		07/31/06		2.750%		1,500,000		$1,500,803		$1,494,780						(1,494,780)
U.S. Treasury Note		11/15/06		3.500%		896,000		$901,693		$889,629		$898,576		$892,989		3,360		3.51%		$9,203
U.S. Treasury Note		03/31/07		3.750%		2,217,242		$2,217,242		$2,192,502		$2,217,003		$2,199,508		7,006		3.77%		$34,754
U.S. Treasury Note		02/15/08		3.375%		927,000		$917,567		$901,943		$917,567		$907,663		5,720		3.44%		$1,360
U.S. Treasury Note		03/15/10		4.000%		1,818,000		$1,812,577		$1,754,662		$1,812,238		$1,776,877		22,215		4.09%		$33,396
U.S. Treasury Note		02/15/08		3.375%		1,000,000						$974,960		$979,140		979,140		3.44%		$1,467
U.S. Treasury Note		12/15/08		3.375%		1,500,000						$1,446,210		$1,456,170		1,456,170		3.47%		$10,651
U.S. Treasury Note		07/15/09		3.625%		1,500,000						$1,447,265		$1,457,115		1,457,115		3.73%		$6,945
U.S. Treasury Note		01/15/11		4.250%		1,350,000						$1,318,575		$1,325,902		1,325,902		4.32%		$7,328
						$16,060,242		$10,687,154		$10,580,932		$11,032,394		$10,995,364		414,432				$105,104
Weighted Average Years to Maturity						2.17
Weighted Average Yield						3.76%