Stephen F. Austin State University
Statement of Changes in Investment Assets
Endowment Funds
At August 31, 2007
Book Value Market Value
Beginning Investment Assets - 06/01/07  $   9,133,599.49  $   10,204,737.93
Receipts/Contributions
Investment Income           71,966.65             71,966.65
Change in Accrued Interest                 (835.91)
Distributions          (19,429.29)            (19,429.29)
Net Realized Gains (Losses)          614,880.28           614,880.28
Change in Cost basis           12,606.36
Changes in Net Unrealized Appreciation (Depreciation)            (776,246.75)
Ending Investments Assets - 8/31/2007  $   9,813,623.49  $   10,095,072.91
Rate of Return -0.89%
Accrued interest for the reporting period  $         32,365.14
Prior period accrued interest  $         33,201.05
Prepared in Compliance with Generally Accepted Accounting Priniciples