28

STATE OF MARYLAND

	INTEREST
			Date of	Par or
Fund and Name of Security			Maturity	Capitalized	Total
	Rate Stated	Date of		Value
	In Security	Payment
SALISBURY STATE COLLEGE
American Telephone & Telegraph Company				60000	60000
TOWSON STATE COLLKGE
U S Treasury Bills Federal National Mortgage Association Notes	None None	At Maturity At Maturity	10/28/75 10/21/75	20,000 00 206,000 00	225,000 00
ST MARY'S COLLEGE OF MARYLAND
Federal National Mortgage Association Notes	None	At Maturity	7/29/76	100,000 00
U S Treasury 6 3/8% Bonds U S Treasury 4 1/4% Bonds	6 3/8 4 1/4	8/15— 2/15 8/16— 2/15	8/16/84 8A5/92/87	19,000 00 6,000 00
Federal National Mortgage Association 8 45% Debentures	None	At Maturity	12/10/76	80,000 00
U S Steel Corporation Stock				1,000 00
					206,000 00
MARYLAND HIGHER EDUCATION LOAN CORPORATION
Federal National Mortgage Association Notes	None	At Maturity	10A6/76	726,000 00	726,000 00
MARYLAND INDUSTRIAL DEVELOPMENT FINANCING
AUTHORITY
Federal National Mortgage Association Notes Federal National Mortgage Association 7 40% Debentures Federal National Mortgage Association 7 1/4% Debentures Government National Mortgage Association 8%	None None None	At Maturity At Maturity At Maturity	11/16/76 10/1/97 12/12/77	6,870,000 00 2,600,000 00 2,200,000 00
Passthroughs Government National Mortgage Association 8%	Nona	At Maturity	3/16/01	2.680,898 40
Passthroughs	None	At Maturity	4/16/01	1,776,022.21	16.976,920 61
TOTAL INVESTMENTS ALL FUNDS					$268,182,160 19

STATEMENT A—'*