STUDENT MANAGERS, FALL, 2007

INVESTMENTS1

Student Hometown Major Classification
Joan Costa St. Qiurza Del Valles, Spain Accounting Senior
Patrick Dixon Greenbrier, AR Finance Senior
Rachel Folk Irving, TX Marketing Senior
Christy Gatzki College Station, TX Finance Senior
Ivan Gozali Jakarta, Indonesia Finance Senior
Aaron Gwekwerere Harare, Zimbabwe Accounting Senior
Joyce Hansen Irving, TX Psychology Senior
Tim Hare Hope, AR Finance Senior
Jonathan Hayes Oak Grove, LA Finance Senior
Jeremy Hughes Hope, AR Finance Senior
Brock McCorkle Hope, AR Accounting Senior
Nick McGlone Arkadelphia, AR Finance Senior
Jason Purdy Slidell, LA Finance Senior
Austin Samuelson Conway, AR Finance Senior
Blake Santifer Hope, AR Finance Senior

                        1In accordance with a class vote, the following transactions were completed on November 30, 2007:

                        Sold 22 shares of American International Group at $57.7301 per share

                        Sold 80 shares of Home Depot at $28.5601

                        Bought 25 shares of Pepsi at $77.0299

                        Bought 10 shares of Apple Computer at $194.3599

   On October 9, 2007 Archstone-Smith Trust was acquired at $60.75.  The 47 shares owned by the SIF were tendered.