Quarterly Report - August 31, 2006

 Amarillo College
       Summary of Investments
     
  31-Aug-06 31-Aug-06
  Book Value Market Value
     
Equity Securities:    
U.S. Common Stock    
Equity Mutual Funds               3,312,698          3,386,963
Other Equity Securities (list)    
    Total Equities               3,312,698          3,386,963
     
     
Debt Investments >1 year:    
C.M.O.s    
   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              18,321,704        18,580,911
C.D.’s/B.A.’s     
A1/P1 Commercial Paper     
Repurchase Agreements    
TexPool                8,859,624          8,859,624
Other Money Market Funds & Pools                    98,970              98,970
Bank Deposits     
Cash Held at State Treasury    
Other (list)    
     
    Total Short Term Investments              27,280,298        27,539,505
     
TOTAL INVESTMENTS:              30,592,996        30,926,468
 
AMARILLO COLLEGE INVESTMENT DISCLOSURE
September 21, 2006    
     
     
      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 8/31/06 was $29,124,360. The investments are managed by the Investment Committee of the Foundation, P.O. Box 447, Amarillo, Texas 79178.