Lamar University
	Summary of Investments
			February 28, 2005		February 28, 2005
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock
	Equity Mutual Funds		3,652,234.84		6,557,571.16
	Other Equity Securities (list)
	Total Equities		3,652,234.84		6,557,571.16
	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		7,536,809.40		7,465,068.10
	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)		1,840,499.84		1,807,950.93
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds
	Other (list)
	Total Debt >1 year		9,377,309.24		9,273,019.03
	Short Term Investments:
	U.S. Government		26,038,743.75		26,041,703.33
	U.S. Government Agency
	C.D.’s/B.A.’s
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool		30,136,735.26		30,133,118.85
	Other Money Market Funds & Pools
	Bank Deposits		3,381,827.54		3,381,827.54
	Cash Held at State Treasury		2,371,862.03		2,371,862.03
	Other (list)
	Total Short Term Debt		61,929,168.58		61,928,511.75
	TOTAL INVESTMENTS:		74,958,940.66		77,759,329.94