Quarterly Report - November 30, 2006

 Amarillo College
         Summary of Investments
    30-Nov-06   30-Nov-06
    Book Value   Market Value
Equity Securities:        
U.S. Common Stock        
Equity Mutual Funds                 3,346,258            3,473,844
Other Equity Securities (list)        
    Total Equities                 3,346,258            3,473,844
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                16,394,111          16,686,212
A1/P1 Commercial Paper         
Repurchase Agreements        
TexPool                  4,462,660            4,462,660
Other Money Market Funds & Pools                    100,263               100,263
Bank Deposits         
Cash Held at State Treasury        
Other (list)        
    Total Short Term Investments                20,957,034          21,249,134
TOTAL INVESTMENTS:                24,303,291          24,722,978




December 15, 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.