Schedule  3
Lamar State College - Orange
Quarterly Investment Report
For the Quarter Ended November 30, 2002
Purchase Maturity Book Balance Additions Deductions Book Balance Market Balance Investment Income
Agency/Description Date Date 8/31/2002 Purchases Earnings Returns 11/30/2002 11/30/2002 Current Quarter FY-to-Date
Short-Term Investments (less than 1 year):
     Pooled Investments
          Discount Note - At Cost    
          Discount Note - At Market    
         TexPool - at Cost 8/31/2002 OPEN  $    5,919,874.67  $    2,125,000.00  $    30,447.79  $   8,075,322.46  $    30,447.79  $       30,447.79
         TexPool - at Market  $    5,919,874.67  $  8,075,322.46
                 
Total Short-Term Investments    
      At Cost  $    5,919,874.67  $    2,125,000.00  $    30,447.79  $                 -    $   8,075,322.46  $    30,447.79  $       30,447.79
      At Market  $    5,919,874.67                  $  8,075,322.46        
 
 
Average Earnings Rate 1.76%
Benchmark Rate (See Note A) 1.56%   0.95*(0.0451+0.0466+0.0514)/3
Over/Under Realization 0.20%
Note A:  The Benchmark Rate is 95% of the average 30-day T-bill rate, 
               on the first day of each month of the Quarter (from the Wall Street Journal)
Note B:   Balance of Fund 2 (0285-Local E & G) in State Treasury as of:
  11/30/2002                    $ 1,572,564.24         
  02/28/2003                     
  05/31/2003                    
  08/31/2003