Stephen F. Austin State University
		Statement of Changes in Investment Assets
		Quasi Endowment Fund
		At August 31, 2006
									Book Value		Market Value
	Beginning Investment Assets - 06/01/06								3,726,785.00		3,704,595.91
	Receipts/Contributions
	Investment Income								29,831.02		29,831.02
	Change in Accrued Interest										20,398.31
	Distributions								(1,088.55)		(1,088.55)
	Net Realized Gains (Losses)
	Change in Cost Basis								(9,441.47)
	Changes in Net Unrealized Appreciation (Depreciation)										13,786.49
	Ending Investment Assets - 08/31/06								3,746,086.00		3,767,523.18
	Rate of Return										1.73%
	Accrued interest for the reporting period										34,223.61
	Prior Period Accrued Interest										13,825.30
	Prepared in Compliance with Generally Accepted Accounting Priniciples
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