Lamar University
	Summary of Investments
			May 31, 2003		May 31, 2003
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock
	Equity Mutual Funds		3,652,234.84		4,870,023.75
	Other Equity Securities (list)
	Total Equities		3,652,234.84		4,870,023.75
	Other Investments:
	Real Estate
	Private Equity
	Annuities
	Collective Endowment Funds
	Commodities
	Collectibles
	Other (list)
	Total Other Investments		0.00		0.00
	Debt Investments >1 year:
	U.S. Government
	U.S. Government Agency
	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)
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds
	Other (list)
	Total Debt >1 year		0.00		0.00
	Short Term Investments:
	U.S. Government
	U.S. Government Agency
	C.D.’s/B.A.’s
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool		50,361,274.63		50,368,828.82
	Other Money Market Funds & Pools
	Bank Deposits		1,948,509.77		1,948,509.77
	Cash Held at State Treasury		47,465.08		47,465.08
	Other (list)
	Total Short Term Debt		52,357,249.48		52,364,803.67
	TOTAL INVESTMENTS:		56,009,484.32		57,234,827.42