Quarterly Investment Report May 31, 2012


              Amarillo College      
           Summary of Investments    
      31-May-12   31-May-12    
      Book Value   Market Value    
  Equity Securities:          
  U.S. Common Stock          
  Equity Mutual Funds            3,078,394              3,563,801    
  Other Equity Securities (list)          
      Total Equities            3,078,394              3,563,801    
  Debt Investments >1 year:          
     Interest Only Strips          
     Principal Only Strips          
     Inverse Floaters 0   0    
      Total Debt >1 year 0   0    
  Short Term Investments:          
  U.S. Government          
  U.S. Government Agency                         -                           -    
  C.D.’s/B.A.’s           22,968,688            22,968,688    
  High Yield Deposit            3,019,114              3,019,114    
  A1/P1 Commercial Paper           
  Repurchase Agreements          
  US Treasury Note                         -                           -    
  TexPool             18,324,449            18,324,449    
  Other Money Market Funds & Pools          
  Bank Deposits           
  Cash Held at State Treasury          
  Other (list)            
      Total Short Term Investments          44,312,252            44,312,252    
  TOTAL INVESTMENTS:          47,390,645            47,876,052    
      June 13, 2012        
        Amarillo College employs First Southwest Asset Management Company for investment    
            advice with respect to our non-endowed local funds. Their address is 300 West 6th Street,  
            Suite 1940, Austin, Texas 78701. They do not have the authority to make investment    
            decisions or initiate transactions.          
        Amarillo College does not use soft dollar arrangements.        
        Amarillo College is associated with the Amarillo College Foundation. The market value of the investments of the
             Foundation at 5/31/12 was $30,000,516.12. The investments are managed by the Investment Committee of
             the Foundation, P.O. Box 447, Amarillo, Texas 79178.        
        The Amarillo College Board of Regents reviewed, updated and approved the Amarillo College Investment
             Policy at the September 27, 2011 Board of Regents meeting.