Angelina County Junior College District
Statement of Changes in E & G Fund Investment Assets
Quarter Ended May 31, 2006
			Book Value		Market Value
Beginning Investment Assets - 02/28/06			$ 1,100,000.00		$ 1,100,000.00
Additions			0.00		0.00
Investment Income			0.00		0.00
Distributions			(400,000.00)		(400,000.00)
Changes in Net Unrealized Appreciation/
(Depreciation)			0.00		0.00
Ending Investment Assets  - 05/31/06			$    700,000.00		$    700,000.00
Angelina County Junior College District
Statement of Changes in Current Fund Investment Assets
Quarter Ended May 31, 2006
			Book Value		Market Value
Beginning Investment Assets - 02/28/06			$ 2,675,000.00		$ 2,675,000.00
Additions			400,000.00		400,000.00
Investment Income			0.00		0.00
Distributions			(350,000.00)		(350,000.00)
Changes in Net Unrealized Appreciation/
(Depreciation)			0.00		0.00
Ending Investment Assets  - 05/31/06			$ 2,725,000.00		$ 2,725,000.00
Angelina County Junior College District
Statement of Changes in Endowment Fund Investment Assets
Quarter Ended May 31, 2006
			Book Value		Market Value
Beginning Investment Assets - 02/28/06			$ 3,684,758.74		$ 3,613,529.86
Receipts/Contributions			54,000.00		54,000.00
Investment Income			33,967.78		33,967.78
Distributions			(39,000.00)		(39,000.00)
Net Realized Gains (Losses)			0.00		0.00
Changes in Net Unrealized Appreciation/
(Depreciation)					(13,437.53)
Ending Investment Assets  - 05/31/06			$ 3,733,726.52		$ 3,649,060.11
Angelina County Junior College District
Statement of Changes in Debt Service Fund Investment Assets
Quarter Ended May 31, 2006
			Book Value		Market Value
Beginning Investment Assets - 02/28/06			$ 1,312,000.00		$ 1,312,000.00
Additions			555,000.00		555,000.00
Investment Income			0.00		0.00
Distributions			(617,000.00)		(617,000.00)
Changes in Net Unrealized Appreciation/
(Depreciation)			0.00		0.00
Ending Investment Assets  - 05/31/06			$ 1,250,000.00		$ 1,250,000.00