Schedule  3

Lamar State College - Orange

Quarterly Investment Report

For the Quarter Ended February 28, 2003

Purchase

Maturity

Book Balance

Additions

Deductions

Book Balance

Market Balance

Investment Income

Agency/Description

Date

Date

11/30/2002

Purchases

Earnings

Returns

2/28/2003

2/28/2003

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

11/30/2002

OPEN

$    8,075,322.46

$      500,000.00

$    27,911.71

$    350,000.00

$   8,253,234.17

$    27,911.71

$       58,359.50

TexPool - at Market

$    8,075,322.46

$  8,253,234.17

Total Short-Term Investments

At Cost

$    8,075,322.46

$      500,000.00

$    27,911.71

$    350,000.00

$   8,253,234.17

$    27,911.71

$       58,359.50

At Market

$    8,075,322.46

$  8,253,234.17

Average Earnings Rate

1.39%

Benchmark Rate (See Note A)

1.09%

Over/Under Realization

0.30%

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                    $ 1,797,628.43

05/31/2003

08/31/2003