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.