Texarkana College
          Investment Report 
              May 31, 2003
February 28, 2003 February 28, 2003 May 31, 2003 May 31, 2003
Book Value Market Value Book Value Market Value
Book Value and Market Value by Type of Asset
US Government Securities $1,200,010.35 $1,229,470.26 $1,095,021.59 $1,118,386.21
CDs $17,555,755.00 $17,555,755.00 $17,767,465.00 $17,767,465.00
Quarter Ending Year-to-Date
31-May-03 Sep 2002 - May 2003
Interest Income
US Government Securities $14,147.87 $47,922.99
CDs $196,433.15 $317,134.12