Lamar University
	Summary of Investments
			May 31, 2006		May 31, 2006
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock
	Equity Mutual Funds		3,652,234.84		7,233,973.57
	Other Equity Securities (list)
	Total Equities		3,652,234.84		7,233,973.57
	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		1,595,709.39		1,582,428.43
	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)		5,660,139.24		5,601,868.01
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds		1,000,000.00		976,405.62
	Other (list)
	Total Debt >1 year		8,255,848.63		8,160,702.06
	Short Term Investments:
	U.S. Government
	U.S. Government Agency
	C.D.’s/B.A.’s
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool		51,862,790.62		51,862,790.62
	Other Money Market Funds & Pools
	Bank Deposits		2,883,640.39		2,883,640.39
	Cash Held at State Treasury		91,693.55		91,693.55
	Other (list)
	Total Short Term Investments		54,838,124.56		54,838,124.56
	TOTAL INVESTMENTS:		66,746,436.03		70,233,028.19