Stephen F. Austin State University
	Summary of Investments
	Quasi Endowment Funds
	At August 31, 2007
						Book Value		%		Market Value		%
Long-term Securities
Debt Securities
	U.S. Government Obligations
		Direct Treasuries				$3,200,910.00		82.11%		$3,281,829.08		82.34%
		Guaranteed
			Mortgage-Backed
			Other
	Total U.S. Government Obligations					3,200,910.00		82.11%		3,281,829.08		82.34%
	U.S. Government Agencies (Non-Gtd.)
		Mortgage-Backed
		Other
	Total U.S. Govt. Agencies (Non-Gtd.)
	Foreign Government Obligations
	Municipal and County Bonds
	Corporate Bonds
	Other
	Total Debt Securities					3,200,910.00		82.11%		3,281,829.08		82.34%
Equity Securities
	Common Stocks and Other Equities
	Index Funds
	Mutual Funds
	Other
	Total Equity Securities
	Total Long-term Securities					3,200,910.00		82.11%		3,281,829.08		82.34%
Short-term Securities
	U.S. Govt (Direct & Guaranteed)					580,984.00		14.90%		587,520.07		14.74%
	U.S. Govt Agencies (Non-Gtd)
	Corporate Bonds
	Certificate of Deposit
	Total Short-term Securities					580,984.00		14.90%		587,520.07		14.74%
Cash and Cash Equivalents
	Texpool
	Cash Held at State Treasury
	Money Markets					116,516.00		2.99%		116,516.00		2.92%
	Commercial Paper
	Total Cash and Cash Equivalents					116,516.00		2.99%		116,516.00		2.92%
	Total Investments					$3,898,410.00		100.00%		$3,985,865.15		100.00%