Texarkana College
          Investment Report 
           August 31, 2003
May 31, 2003 May 31, 2003 August 31, 2003 August 31, 2003
Book Value Market Value Book Value Market Value
Book Value and Market Value by Type of Asset
US Government Securities $1,095,021.59 $1,118,386.21 $1,351,867.00 $1,344,457.00
CDs $17,767,465.00 $17,767,465.00 $18,347,500.00 $18,347,500.00
Quarter Ending Year-to-Date
31-Aug-03 Sep 2002 - Aug 2003
Interest Income
US Government Securities $19,107.25 $67,030.24
CDs $210,374.80 $527,508.92