Stephen F. Austin State University
	Summary of Investments
	Endowment Funds
	At August 31, 2007
						Book Value		%		Market Value		%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				$     2,058,988.00		20.98%		$    2,110,780.00		20.91%
		Guaranteed
			Mortgage-Backed
			Other
	Total U.S. Government Obligations					2,058,988.00		20.98%		2,110,780.00		20.91%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed				889,440.00		9.06%		924,815.00		9.16%
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)					889,440.00		9.06%		924,815.00		9.16%
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds					348,597.00		3.55%		355,801.00		3.52%
	Other
	Total Debt Securities					3,297,025.00		33.60%		3,391,396.00		33.59%
Equity Securities
	Common Stocks and Other Equities					5,196,787.00		52.95%		5,338,449.42		52.88%
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities					5,196,787.00		52.95%		5,338,449.42		52.88%
	Total Long-term Securities					8,493,812.00		86.55%		8,729,845.42		86.48%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	Certificate of Deposit					10,075.49		0.10%		10,075.49		0.10%
	Total Short-term Securities					10,075.49		0.10%		10,075.49		0.10%
Cash and Cash Equivalents
	Texpool
	Cash Held at State Treasury
	Money Markets					309,773.00		3.16%		309,773.00		3.07%
	Commercial Paper
	Total Cash and Cash Equivalents					309,773.00		3.16%		309,773.00		3.07%
Alternative Investments						999,963.00		10.19%		1,045,379.00		10.36%
	Total Investments					$     9,813,623.49		100.0%		$  10,095,072.91		100.0%