Stephen F. Austin State University
										Inventory of Fixed Securites
										Operating Funds
										August 31, 2007
									Beginning Period				Ending Period
		Maturity				Face		6/1/2007		6/1/2007		8/31/2007		8/31/2007		Market Value		Current		Accrued
Security		Date		Coupon		Amount		Book Value		Market Value		Book Value		Market Value		Change		Yield		Interest
U.S. Treasury Note		02/15/08		3.375%		1,927,000		$       1,892,528		$               1,904,878		$       1,892,528		$       1,919,331		$       14,453		3.38%		$        2,827
U.S. Treasury Note		12/15/08		3.375%		1,500,000		1,446,210		1,464,615		1,446,210		1,483,710		19,095		3.41%		10,651
U.S. Treasury Note		07/15/09		3.625%		1,500,000		1,447,265		1,461,210		1,447,265		1,485,000		23,790		3.66%		6,945
U.S. Treasury Note		03/15/10		4.000%		1,818,000		1,811,252		1,777,095		1,810,916		1,809,910		32,815		4.01%		33,396
U.S. Treasury Note		01/15/11		4.250%		1,350,000		1,318,570		1,323,527		1,318,570		1,352,538		29,011		4.24%		7,328
U.S. Treasury Note		10/31/11		4.625%		1,000,000		1,003,340		990,940		1,003,149		1,014,690		23,750		4.55%		15,459
U.S. Treasury Note		08/15/12		4.437%		2,400,000		2,386,084		2,351,256		2,386,084		2,417,616		66,360		4.34%		4,564
Total						11,495,000		$     11,305,249		$             11,273,521		$     11,304,722		$     11,482,795		$     209,274				$       81,170
Weighted average years to maturity				2.69
Weighted average yield				3.92%