Lamar University
	Summary of Investments
			May 31, 2007		May 31, 2007
			Book Value		Market Value
	Equity Securities:
	U.S. Common Stock
	Equity Mutual Funds		3,652,234.84		6,504,985.44
	Other Equity Securities (list)
	Total Equities		3,652,234.84		6,504,985.44
	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		1,196,124.07		1,204,432.92
	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)		5,081,300.58		5,104,010.43
	NR/High Yield (<BBB)
	G.I.C’s
	Bond Mutual Funds		1,000,000.00		996,895.02
	Other (list)
	Total Debt >1 year		7,277,424.65		7,305,338.37
	Short Term Investments:
	U.S. Government
	U.S. Government Agency
	C.D.’s/B.A.’s
	A1/P1 Commercial Paper
	Repurchase Agreements
	TexPool		36,588,185.05		36,588,185.05
	Other Money Market Funds & Pools
	Bank Deposits		3,031,693.75		3,031,693.75
	Cash Held at State Treasury		6.77		6.77
	Other (list)
	Total Short Term Investments		39,619,885.57		39,619,885.57
	TOTAL INVESTMENTS:		50,549,773.06		53,430,437.38