THE UNIVERSITY OF TEXAS SYSTEM

ANALYSIS OF GROWTH IN THE VALUE OF THE PUF

FISCAL YEARS 1989 THRU 1993

(Dollars in Millions)



BOOK VALUE



MARKET VALUE

* Note: The dollar amount of each component of change is shown as a percentage of the total change in the book or market value from the previous year.

Source of data: The University of Texas System, Office of Asset Management