Lamar University
	Summary of Investments
			August 31, 2005		August 31, 2005
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock
	Equity Mutual Funds		3,652,234.84		6,763,500.46
	Other Equity Securities (list)
	Total Equities		3,652,234.84		6,763,500.46
	Other Investments:
	Real Estate
	Private Equity
	Annuities
	Collective Endowment Funds
	Commodities
	Collectibles
	Other - Mineral Interest		228.00		228.00
	Total Other Investments		228.00		228.00
	Debt Investments >1 year:
	U.S. Government
	U.S. Government Agency		7,535,625.42		7,482,650.10
	Mortgage Pass Throughs
	C.M.O.s
	Interest Only Strips
	Principal Only Strips
	Inverse Floaters
	Stated Maturities longer than 10 years
	PFIA Compliant C.M.O.s
	Other Asset-Backed Bonds
	Foreign Issued Obligations
	Municipal Obligations
	Corporate Obligations
	Highly Rated (AAA/AA)
	Investment Grade (A/BBB)		1,834,149.20		1,804,614.93
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds		1,000,000.00		1,000,000.00
	Other (list)
	Total Debt >1 year		10,369,774.62		10,287,265.03
	Short Term Investments:
	U.S. Government		4,042,500.00		4,042,500.00
	U.S. Government Agency
	C.D.’s/B.A.’s
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool		46,749,068.60		46,749,068.60
	Other Money Market Funds & Pools
	Bank Deposits		2,330,219.09		2,330,219.09
	Cash Held at State Treasury		1,470,130.71		1,470,130.71
	Other (list)
	Total Short Term Investments		54,591,918.40		54,591,918.40
	TOTAL INVESTMENTS:		68,614,155.86		71,642,911.89