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