The Valdosta State University Foundation
Fund Balance Reports

* First State Bank Int. Bus. (Spendable In *

Please note that your balance reflects total dollars (gifts + other revenue less withdrawls).

                                                                                                                                                                                                                                               
 TYPE       DATE      NUMBER                DESCRIPTION                        DR           CR        BALANCE                                                                                                                                                           
-------   -----------   --------   ---------------------------------------    ----------   ----------   ----------                                                                                                                                                      
Sales R   8/25/200   2271       Gift                                                       1000.00      1000.00                                                                                                                                                         
                                                                           ----------   ----------   ----------                                                                                                                                                         
                                Total SI First State Bank Int. Bus.                        1000.00      1000.00

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Comments concerning the VSUF financial reports can be e-mailed to
(aculbret@valdosta.edu)
Telephone 229-333-7176. These reports were updated 01/18/07.

The Valdosta State University FoundationFund Balance Reports

*** First State Bank Int. Bus. (Spendable In ***

****Please note that your balance reflects total dollars (gifts + other revenue less withdrawls).****

The Valdosta State University Foundation
Fund Balance Reports

* First State Bank Int. Bus. (Spendable In *

Please note that your balance reflects total dollars (gifts + other revenue less withdrawls).