Stephen F. Austin State University
Statement of Changes in Bond Proceeds
August 31, 2008
								Bancorpsouth
								Bond Series 2008
								Book Value		Market Value		Yield
Beginning Balance - 06/01/2008								$ 15,852,891.05		$  15,894,095.05
Receipts/Contributions
Investment Income								30,886.57		30,886.57
Change in Accrued Interest										16,491.00
Distributions								(3,434,647.36)		(3,434,647.36)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)										39,322.52
Ending Balance - 08/31/2008								$ 12,449,130.26		$  12,546,147.78		0.61
Accrued interest for the reporting period										$         31,336.10
Prior period accrued interest										$         14,845.10
Prepared in Compliance with Generally Accepted Accounting Principles