UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-09301

TIAA-CREF FUNDS
(Exact name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206
(Address of principal executive offices) (Zip code)

Stewart P. Greene, Esq.
c/o TIAA-CREF
730 Third Avenue
New York, New York 10017-3206
(Name and address of agent for service)

Registrant's telephone number, including area code: 212-490-9000

Date of fiscal year end: September 30

Date of reporting period: June 30, 2009

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Growth & Income Fund
TIAA-CREF FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 99.26%
AMUSEMENT AND RECREATION SERVICES - 0.51%
234,626	*	Electronic Arts, Inc	$	5,096,077
40,328	*	Pinnacle Entertainment, Inc		374,647
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,470,724
APPAREL AND ACCESSORY STORES - 0.27%
209,473		American Eagle Outfitters, Inc		2,968,232
		TOTAL APPAREL AND ACCESSORY STORES		2,968,232
APPAREL AND OTHER TEXTILE PRODUCTS - 1.54%
162,630		Guess ?, Inc		4,192,601
131,124		Nike, Inc (Class B)		6,789,601
269,270	*	Quiksilver, Inc		498,150
94,454		VF Corp		5,228,029
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		16,708,381
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.74%
339,107		Home Depot, Inc		8,013,098
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		8,013,098
BUSINESS SERVICES - 7.95%
196,086	*	Akamai Technologies, Inc		3,760,929
121,099	*	Autonomy Corp plc		2,862,964
65,356		Ctrip.com International Ltd (ADR)		3,025,983
188,981		Fidelity National Information Services, Inc		3,772,061
20,070	*	Google, Inc (Class A)		8,461,311
142,060	*	Informatica Corp		2,442,011
743,429	*	Interpublic Group of Cos, Inc		3,754,316
7,319	*	LogMeIn, Inc		117,104
1,071,260		Microsoft Corp		25,463,851
111,198	*	Netease.com (ADR)		3,911,946
3,925	*	OpenTable, Inc		118,417
347,400		Oracle Corp		7,441,308
493,376	*	Symantec Corp		7,676,931
95,344		Visa, Inc (Class A)		5,936,117
459,158	*	Yahoo!, Inc		7,190,414
		TOTAL BUSINESS SERVICES		85,935,663
CHEMICALS AND ALLIED PRODUCTS - 14.68%
159,415		Abbott Laboratories		7,498,882
241,368	*	Amgen, Inc		12,778,022
21,412		CF Industries Holdings, Inc		1,587,486
127,731		Colgate-Palmolive Co		9,035,691
322,295		Dow Chemical Co		5,201,841

1

TIAA-CREF FUNDS- Growth & Income Fund
SHARES		COMPANY	VALUE
166,912		Du Pont (E.I.) de Nemours & Co	$	4,276,285
246,628	*	Elan Corp plc (ADR)		1,571,020
284,871	*	Gilead Sciences, Inc		13,343,358
435,123		Johnson & Johnson		24,714,985
648,638	*	King Pharmaceuticals, Inc		6,246,384
109,281		Monsanto Co		8,123,950
249,309	*	Mylan Laboratories, Inc		3,253,482
169,421		Novartis AG. (ADR)		6,910,683
1,196,213		Pfizer, Inc		17,943,195
41,062		Praxair, Inc		2,918,276
317,678		Procter & Gamble Co		16,233,346
452,323		Schering-Plough Corp		11,362,354
200		Sherwin-Williams Co		10,750
367,390	*	Solutia, Inc		2,116,166
80,262		Wyeth		3,643,092
		TOTAL CHEMICALS AND ALLIED PRODUCTS		158,769,248
COAL MINING - 0.14%
46,061		Consol Energy, Inc		1,564,232
		TOTAL COAL MINING		1,564,232
COMMUNICATIONS - 4.46%
686,674		AT&T, Inc		17,056,982
342,857		Comcast Corp (Class A)		4,967,998
229,677	*	DIRECTV Group, Inc		5,675,319
157,945		Scripps Networks Interactive (Class A)		4,395,609
996,208	*	Sprint Nextel Corp		4,791,760
321,679		Verizon Communications, Inc		9,885,196
64,690	*	Viacom, Inc (Class B)		1,468,463
		TOTAL COMMUNICATIONS		48,241,327
DEPOSITORY INSTITUTIONS - 7.81%
1,508,932		Bank of America Corp		19,917,902
651,149		JPMorgan Chase & Co		22,210,693
136,852		Northern Trust Corp		7,346,215
239,104		People's United Financial, Inc		3,596,124
133,108		State Street Corp		6,282,698
220,157		SunTrust Banks, Inc		3,621,583
319,087		TCF Financial Corp		4,266,193
230,625		US Bancorp		4,132,800
537,838		Wells Fargo & Co		13,047,950
		TOTAL DEPOSITORY INSTITUTIONS		84,422,158
EATING AND DRINKING PLACES - 1.44%
226,744		Brinker International, Inc		3,861,450
95,761	*	Jack in the Box, Inc		2,149,834
134,482		McDonald's Corp		7,731,371
135,171	*	Starbucks Corp		1,877,525
		TOTAL EATING AND DRINKING PLACES		15,620,180

2

TIAA-CREF FUNDS- Growth & Income Fund
SHARES		COMPANY	VALUE
ELECTRIC, GAS, AND SANITARY SERVICES - 3.86%
264,162	*	AES Corp	$	3,066,921
239,166		Allegheny Energy, Inc		6,134,608
55,004		Entergy Corp		4,263,910
64,693		Exelon Corp		3,312,929
459,000		NV Energy, Inc		4,952,610
203,040		PG&E Corp		7,804,858
140,459		Questar Corp		4,362,657
323,359		Republic Services, Inc		7,893,192
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		41,791,685
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 8.78%
123,116	*	Apple Computer, Inc		17,535,412
921,154	*	Cisco Systems, Inc		17,170,311
1,317,481		General Electric Co		15,440,877
1,087,163		Intel Corp		17,992,547
89,059	*	MEMC Electronic Materials, Inc		1,586,141
417,425		Motorola, Inc		2,767,528
111,231	*	NetApp, Inc		2,193,475
1,477	*	Nortel Networks Corp		64
259,904	*	Nvidia Corp		2,934,316
322,290		Qualcomm, Inc		14,567,508
155,283	*	Suntech Power Holdings Co Ltd (ADR)		2,773,354
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		94,961,533
ENGINEERING AND MANAGEMENT SERVICES - 0.64%
375,809		KBR, Inc		6,929,918
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		6,929,918
FOOD AND KINDRED PRODUCTS - 4.52%
268,206		Coca-Cola Co		12,871,206
79,733	*	Dr Pepper Snapple Group, Inc		1,689,542
113,438		General Mills, Inc		6,354,797
104,062	*	Hansen Natural Corp		3,207,191
249,584		PepsiCo, Inc		13,717,136
69,252	*	Ralcorp Holdings, Inc		4,218,832
293,165		Unilever plc		6,868,165
		TOTAL FOOD AND KINDRED PRODUCTS		48,926,869
GENERAL BUILDING CONTRACTORS - 0.30%
6,524	*	NVR, Inc		3,277,592
		TOTAL GENERAL BUILDING CONTRACTORS		3,277,592
GENERAL MERCHANDISE STORES - 2.37%
180,365		Target Corp		7,119,007
381,524		Wal-Mart Stores, Inc		18,481,022
		TOTAL GENERAL MERCHANDISE STORES		25,600,029
HEALTH SERVICES - 1.72%
30,825	*	Edwards Lifesciences Corp		2,097,025
140,379		McKesson Corp		6,176,676
225,999	*	Medco Health Solutions, Inc		10,307,814
		TOTAL HEALTH SERVICES		18,581,515

3

TIAA-CREF FUNDS - Growth & Income Fund
SHARES		COMPANY	VALUE
INDUSTRIAL MACHINERY AND EQUIPMENT - 7.72%
80,375	*	AGCO Corp	$	2,336,501
48,696		Alstom RGPT		2,872,909
772,526	*	EMC Corp		10,120,091
289,399		Hewlett-Packard Co		11,185,271
182,970	*	Ingersoll-Rand plc		3,824,073
155,564		International Business Machines Corp		16,243,994
337,680		International Game Technology		5,369,112
103,396		Johnson Controls, Inc		2,245,761
112,351		Northrop Grumman Corp		5,132,194
172,596		Palm, Inc		2,859,916
165,503		Raytheon Co		7,353,298
256,818	*	SanDisk Corp		3,772,656
7,400	*,m	Seagate Technology, Inc		0
363,249		Textron, Inc		3,508,985
255,715		Tyco International Ltd		6,643,476
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		83,468,237
INSTRUMENTS AND RELATED PRODUCTS - 2.37%
170,578		Baxter International, Inc		9,033,810
863,112	*	Boston Scientific Corp		8,751,956
156,017		Emerson Electric Co		5,054,951
73,057	*	Illumina, Inc		2,844,840
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		25,685,557
INSURANCE CARRIERS - 3.16%
180,613		ACE Ltd		7,988,513
100	*	Greenlight Capital Re Ltd (Class A)		1,731
62,760		Lincoln National Corp		1,080,100
73,006		PartnerRe Ltd		4,741,740
280,487		Principal Financial Group		5,284,375
159,557		Progressive Corp		2,410,906
83,122		Prudential Financial, Inc		3,093,801
30,590		Transatlantic Holdings, Inc		1,325,465
162,210	*	WellPoint, Inc		8,254,866
		TOTAL INSURANCE CARRIERS		34,181,497
LEGAL SERVICES - 0.70%
149,566	*	FTI Consulting, Inc		7,585,988
		TOTAL LEGAL SERVICES		7,585,988
METAL MINING - 1.08%
209,494		Anglo American plc		6,078,070
133,895		Barrick Gold Corp		4,492,177
52,060		Southern Copper Corp		1,064,106
		TOTAL METAL MINING		11,634,353
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.30%
175,725	*	Jarden Corp		3,294,844
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		3,294,844

4

TIAA-CREF FUNDS- Growth & Income Fund
SHARES		COMPANY	VALUE
MISCELLANEOUS RETAIL - 1.40%
62,025	*	Amazon.com, Inc	$	5,189,012
216,983		Staples, Inc		4,376,547
191,249		Walgreen Co		5,622,720
		TOTAL MISCELLANEOUS RETAIL		15,188,279
MOTION PICTURES - 1.10%
307,280	*	Discovery Communications, Inc (Class A)		6,929,164
195,451		Time Warner, Inc		4,923,411
		TOTAL MOTION PICTURES		11,852,575
NONDEPOSITORY INSTITUTIONS - 0.77%
485,318		Chimera Investment Corp		1,693,760
103,626	*	Companhia Brasileira de Meios de Pagamento		891,094
308,218		Discover Financial Services		3,165,399
252,771	*	SLM Corp		2,595,958
		TOTAL NONDEPOSITORY INSTITUTIONS		8,346,211
OIL AND GAS EXTRACTION - 5.62%
223,772		Anadarko Petroleum Corp		10,157,011
101,231	*	Cameron International Corp		2,864,837
601,618		Halliburton Co		12,453,493
184,822		Linn Energy LLC		3,616,967
148,015	*	Newfield Exploration Co		4,835,650
115,393		Occidental Petroleum Corp		7,594,013
143,313		Petroleo Brasileiro S.A. (ADR)		5,872,967
128,845		Range Resources Corp		5,335,471
78,961		Tullow Oil plc		1,217,874
349,087	*	Weatherford International Ltd		6,828,142
		TOTAL OIL AND GAS EXTRACTION		60,776,425
PAPER AND ALLIED PRODUCTS - 0.15%
42,728		Rock-Tenn Co (Class A)		1,630,500
		TOTAL PAPER AND ALLIED PRODUCTS		1,630,500
PETROLEUM AND COAL PRODUCTS - 6.18%
274,788		Chevron Corp		18,204,705
616,452		Exxon Mobil Corp		43,096,159
102,470		Hess Corp		5,507,763
		TOTAL PETROLEUM AND COAL PRODUCTS		66,808,627
RAILROAD TRANSPORTATION - 0.76%
158,225		Union Pacific Corp		8,237,194
		TOTAL RAILROAD TRANSPORTATION		8,237,194
SECURITY AND COMMODITY BROKERS - 2.68%
97,804		Goldman Sachs Group, Inc		14,420,222
319,072		Legg Mason, Inc		7,778,975
236,280		Morgan Stanley		6,736,343
		TOTAL SECURITY AND COMMODITY BROKERS		28,935,540

5

TIAA-CREF FUNDS- Growth & Income Fund
SHARES		COMPANY		VALUE
STONE, CLAY, AND GLASS PRODUCTS - 0.39%
149,489	*	Owens-Illinois, Inc		$	4,187,187
		TOTAL STONE, CLAY, AND GLASS PRODUCTS			4,187,187
TOBACCO PRODUCTS - 0.79%
195,638		Philip Morris International, Inc			8,533,730
		TOTAL TOBACCO PRODUCTS			8,533,730
TRANSPORTATION EQUIPMENT - 2.36%
153,412		Autoliv, Inc			4,413,663
165,769		Goodrich Corp			8,283,477
273,401		Honeywell International, Inc			8,584,792
99,872		Magna International, Inc - Class A			4,218,593
		TOTAL TRANSPORTATION EQUIPMENT			25,500,525
		TOTAL COMMON STOCKS			1,073,629,653
		(Cost $1,118,614,429)
SHORT-TERM INVESTMENTS - 0.64%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 0.64%
$6,885,000		Federal Home Loan Bank (FHLB)	07/1/09		6,885,000
		TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES			6,885,000
		TOTAL SHORT-TERM INVESTMENTS			6,885,000
		(Cost $6,885,000)
		TOTAL INVESTMENTS - 99.90%			1,080,514,653
		(Cost $1,125,499,429)
		OTHER ASSETS AND LIABILITIES, NET - 0.10%			1,110,884
		NET ASSETS - 100.00%		$	1,081,625,537
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		LLC - Limited Liability Corporation
		plc - Public Limited Company
	*	Non-income producing.
	m	Indicates a security that has been deemed illiquid.

6

TIAA-CREF FUNDS - International Equity Fund
TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 97.97%
BUSINESS SERVICES - 4.55%
922,342		Adecco S.A.	$	38,419,952
1,595,941	*	Autonomy Corp plc		37,730,467
40,000		Mitsubishi UFJ Lease & Finance Co Ltd		1,307,936
117		NTT Data Corp		378,928
		TOTAL BUSINESS SERVICES		77,837,283
CHEMICALS AND ALLIED PRODUCTS - 7.10%
37,000		Astellas Pharma, Inc		1,313,541
77,000		Eisai Co Ltd		2,749,572
44,000		Hisamitsu Pharmaceutical Co, Inc		1,370,219
226,000		Kao Corp		4,938,288
70,000		Kissei Pharmaceutical Co Ltd		1,703,950
40,000		Kyowa Hakko Kogyo Co Ltd		453,003
2,152,002		Lanxess AG.		53,314,378
1,109,117		Reckitt Benckiser Group plc		50,471,722
60,000		Takeda Pharmaceutical Co Ltd		2,341,828
40,000		Tanabe Seiyaku Co Ltd		460,892
63,000		Tsumura & Co		1,968,443
161,000		UBE Industries Ltd		451,238
		TOTAL CHEMICALS AND ALLIED PRODUCTS		121,537,074
COMMUNICATIONS - 2.16%
13,579,987		BT Group plc		22,676,915
810		KDDI Corp		4,304,977
195,000		Nippon Telegraph & Telephone Corp		7,934,811
339		NTT DoCoMo, Inc		496,879
95,000		Singapore Telecommunications Ltd		196,769
737,070		Vodafone Group plc		1,421,199
		TOTAL COMMUNICATIONS		37,031,550
DEPOSITORY INSTITUTIONS - 10.56%
1,350		Australia & New Zealand Banking Group Ltd		17,938
24,457		DBS Group Holdings Ltd		199,249
972,900		HDFC Bank Ltd		30,324,301
2,571,738		HSBC Holdings plc		21,260,887
3,024,800		ING Groep NV		30,433,223
1,988,900		Mitsubishi UFJ Financial Group, Inc		12,346,107
170,000		Mitsui Trust Holdings, Inc		651,165
1,029,800		Mizuho Financial Group, Inc		2,415,890
23,326		National Australia Bank Ltd		421,784
36,000		Oversea-Chinese Banking Corp		166,031
21,252		Societe Generale		1,159,292
367,800		Sumitomo Mitsui Financial Group, Inc		15,004,453
65,000		Suruga Bank Ltd		622,775

7

TIAA-CREF FUNDS - International Equity Fund
SHARES		COMPANY	VALUE
2,957,133	*	UBS A.G. (Switzerland)	$	36,169,802
16,000		United Overseas Bank Ltd		162,165
1,207,117		Wells Fargo & Co		29,284,658
1,103		Westpac Banking Corp		17,998
		TOTAL DEPOSITORY INSTITUTIONS		180,657,718
ELECTRIC, GAS, AND SANITARY SERVICES - 3.18%
207,200		Chubu Electric Power Co, Inc		4,796,346
1,259,100		Fortum Oyj		28,649,831
43,000		Hokkaido Electric Power Co, Inc		806,571
36,000		Hokuriku Electric Power Co		824,000
127,900		Kansai Electric Power Co, Inc		2,827,913
117,000		Kyushu Electric Power Co, Inc		2,520,112
127,000		Tohoku Electric Power Co, Inc		2,656,407
264,900		Tokyo Electric Power Co, Inc		6,819,453
1,250,000		Tokyo Gas Co Ltd		4,476,566
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		54,377,199
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 10.83%
11,760,072		Hon Hai Precision Industry Co, Ltd		36,380,595
678,000		Hosiden Corp		8,649,629
80		Hoya Corp		1,608
97,000		Matsushita Electric Industrial Co Ltd		1,310,988
500,000		Mitsubishi Electric Corp		3,171,225
2,300		Murata Manufacturing Co Ltd		97,888
18,000		Nidec Corp		1,093,061
24,000		Nitto Denko Corp		732,444
4,146,560		Nokia Oyj		60,729,462
35,000		Rohm Co Ltd		2,554,108
4,307,296		Smiths Group plc		49,710,825
151,700		Sony Corp		3,976,151
1,780,900		Taiwan Semiconductor Manufacturing Co Ltd (ADR)		16,758,269
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		185,166,253
ENGINEERING AND MANAGEMENT SERVICES - 0.42%
184,641		Tecan Group AG.		7,196,674
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		7,196,674
FOOD AND KINDRED PRODUCTS - 2.78%
46,400		Asahi Breweries Ltd		668,052
1,125,121		InBev NV		40,627,374
308,000		Toyo Suisan Kaisha Ltd		6,352,790
		TOTAL FOOD AND KINDRED PRODUCTS		47,648,216
FOOD STORES - 0.31%
223,000		Seven & I Holdings Co Ltd		5,254,684
		TOTAL FOOD STORES		5,254,684
GENERAL BUILDING CONTRACTORS - 0.72%
273,351		Vinci S.A.		12,265,295
		TOTAL GENERAL BUILDING CONTRACTORS		12,265,295

8

TIAA-CREF FUNDS- International Equity Fund
SHARES		COMPANY	VALUE
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.54%
383,300		Saipem S.p.A.	$	9,323,928
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		9,323,928
HOLDING AND OTHER INVESTMENT OFFICES - 4.29%
187,897		Bellevue Group AG.		6,917,197
470		DA Office Investment Corp		1,295,811
3,694,673		iShares MSCI Japan Index Fund		34,840,765
2,027,842		iShares MSCI Taiwan Index Fund		20,460,926
400		Japan Excellent, Inc		1,698,241
190	*	Japan Retail Fund Investment Corp		879,639
320	*	Kenedix Realty Investment Corp		1,109,462
180		Nippon Accommodations Fund, Inc		809,052
22		Nomura Real Estate Office Fund, Inc		140,219
210		Nomura Real Estate Residential Fund, Inc		850,158
580		Premier Investment Co		2,071,106
400		Top REIT Inc		1,548,762
180		United Urban Investment Corp		773,551
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		73,394,889
INDUSTRIAL MACHINERY AND EQUIPMENT - 5.49%
1,531,184		ASML Holding NV		33,100,992
111,800		Canon, Inc		3,667,286
44,100		Daikin Industries Ltd		1,423,688
30,000		Fanuc Ltd		2,416,567
21,320		FUJIFILM Holdings Corp		677,212
168,480		Komatsu Ltd		2,609,354
84,000		Konica Minolta Holdings, Inc		878,933
95,800		Krones AG.		3,646,081
188,774		Rheinmetall AG.		8,169,742
3,015,669		SKF AB (B Shares)		37,135,651
28,900	*	Sumitomo Heavy Industries Ltd		129,298
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		93,854,804
INSTRUMENTS AND RELATED PRODUCTS - 2.01%
414,134		Phonak Holding AG.		33,655,176
17,000		Terumo Corp		751,752
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		34,406,928
INSURANCE AGENTS, BROKERS AND SERVICE - 0.06%
38,300		Millea Holdings, Inc		1,061,515
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		1,061,515
INSURANCE CARRIERS - 0.25%
60,000		Mitsui Sumitomo Insurance Group Holdings, Inc		1,578,865
254,000		Sompo Japan Insurance, Inc		1,703,265
36,000		T&D Holdings, Inc		1,035,138
		TOTAL INSURANCE CARRIERS		4,317,268

9

TIAA-CREF FUNDS- International Equity Fund
SHARES		COMPANY	VALUE
METAL MINING - 3.33%
614,070		Anglo American plc	$	17,816,071
46,928		BHP Billiton Ltd		1,312,922
85,134		Rio Tinto Ltd		3,580,970
988,566		Rio Tinto plc		34,235,475
		TOTAL METAL MINING		56,945,438
NONDEPOSITORY INSTITUTIONS - 0.17%
48,626		ORIX Corp		2,932,652
		TOTAL NONDEPOSITORY INSTITUTIONS		2,932,652
OIL AND GAS EXTRACTION - 5.30%
2,577,447		BG Group plc		43,167,420
19,932,000		CNOOC Ltd		24,715,521
350		Inpex Holdings, Inc		2,804,796
1,299,300		Tullow Oil plc		20,040,073
		TOTAL OIL AND GAS EXTRACTION		90,727,810
PAPER AND ALLIED PRODUCTS - 0.05%
120,000		Rengo Co Ltd		773,551
		TOTAL PAPER AND ALLIED PRODUCTS		773,551
PETROLEUM AND COAL PRODUCTS - 3.26%
6,631,261		BP plc		52,126,774
132,397		Royal Dutch Shell plc (A Shares)		3,306,500
6,011		Total S.A.		324,484
		TOTAL PETROLEUM AND COAL PRODUCTS		55,757,758
PRIMARY METAL INDUSTRIES - 0.17%
624,000		Sumitomo Metal Industries Ltd		1,664,691
90,000		Sumitomo Metal Mining Co Ltd		1,273,369
		TOTAL PRIMARY METAL INDUSTRIES		2,938,060
RAILROAD TRANSPORTATION - 0.97%
454		Central Japan Railway Co		2,794,644
97,400		East Japan Railway Co		5,874,230
735,833		Firstgroup PLC		4,330,893
1,100		West Japan Railway Co		3,642,498
		TOTAL RAILROAD TRANSPORTATION		16,642,265
REAL ESTATE - 0.00%**
18		City Developments Ltd		107
		TOTAL REAL ESTATE		107
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 8.58%
1,446,610		Bayer AG.		77,562,737
2,391,170		Hankook Tire Co Ltd		31,251,604
280,000	*	NOK Corp		3,264,027
4,065,326		SSL International plc		34,645,252
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		146,723,620

10

TIAA-CREF FUNDS- International Equity Fund
SHARES		COMPANY	VALUE
SECURITY AND COMMODITY BROKERS - 10.97%
1,377,842		Credit Suisse Group	$	62,897,210
100,000		Daiwa Securities Group, Inc		596,875
944,131		Deutsche Boerse AG.		73,216,890
3,059,300		Hong Kong Exchanges and Clearing Ltd		47,645,823
382,700		Nomura Holdings, Inc		3,233,693
		TOTAL SECURITY AND COMMODITY BROKERS		187,590,491
STONE, CLAY, AND GLASS PRODUCTS - 0.98%
810,000		NGK Insulators Ltd		16,564,073
97,000		Nippon Sheet Glass Co Ltd		283,947
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		16,848,020
TRANSPORTATION EQUIPMENT - 4.42%
9,179,995		BAE Systems plc		51,123,397
79,760	*	Denso Corp		2,053,302
328,500	*	Honda Motor Co Ltd		9,070,535
100,000		JTEKT Corp		1,018,321
32,900		Modec, Inc		581,944
310,000		Toyota Motor Corp		11,809,830
		TOTAL TRANSPORTATION EQUIPMENT		75,657,329
WATER TRANSPORTATION - 0.08%
200,000		Mitsui OSK Lines Ltd		1,301,708
		TOTAL WATER TRANSPORTATION		1,301,708
WHOLESALE TRADE-DURABLE GOODS - 2.95%
1,281,767		Assa Abloy AB (Class B)		17,860,817
210,010		Mitsubishi Corp		3,897,834
228,000		Mitsui & Co Ltd		2,712,285
479,450		Sumitomo Corp		4,887,319
853,876		ThyssenKrupp AG.		21,190,131
		TOTAL WHOLESALE TRADE-DURABLE GOODS		50,548,386
WHOLESALE TRADE-NONDURABLE GOODS - 1.49%
5,849,018		Foster's Group Ltd		24,272,659
210,000		Nippon Oil Corp		1,242,539
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		25,515,198
		TOTAL COMMON STOCKS		1,676,233,671
		(Cost $1,957,155,479)
RIGHTS / WARRANTS - 0.39%
METAL MINING - 0.39%
44,695		Rio Tinto Ltd		759,927
518,997		Rio Tinto plc		5,959,898
		TOTAL METAL MINING		6,719,825
		TOTAL RIGHTS / WARRANTS		6,719,825
		(Cost $4,828,353)

11

TIAA-CREF FUNDS - International Equity Fund
SHARES		COMPANY	VALUE
		TOTAL INVESTMENTS - 98.36%	$	1,682,953,496
		(Cost $1,961,983,832)
		OTHER ASSETS AND LIABILITIES, NET - 1.64%		27,989,754
		NET ASSETS - 100.00%	$	1,710,943,250
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		plc - Public Limited Company
	*	Non-income producing.
	**	Percentage represents less than 0.01%

12

INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)
June 30, 2009

			% OF TOTAL
COUNTRY		VALUE	PORTFOLIO
DOMESTIC
UNITED STATES	$	84,586,349	5.03	%
TOTAL DOMESTIC		84,586,349	5.03
FOREIGN
AUSTRALIA		30,384,198	1.81
BELGIUM		40,627,374	2.41
CHINA		24,715,521	1.47
FINLAND		89,379,293	5.31
FRANCE		13,749,071	0.82
GERMANY		237,099,959	14.09
HONG KONG		47,645,823	2.83
INDIA		30,324,301	1.80
ITALY		9,323,928	0.55
JAPAN		236,192,428	14.03
KOREA, REPUBLIC OF		31,251,604	1.86
NETHERLANDS		66,840,715	3.97
SINGAPORE		724,321	0.04
SWEDEN		54,996,468	3.27
SWITZERLAND		185,256,011	11.01
TAIWAN		53,138,864	3.16
UNITED KINGDOM		446,717,268	26.54
TOTAL FOREIGN		1,598,367,147	94.97
TOTAL PORTFOLIO	$	1,682,953,496	100.00	%

13

TIAA-CREF FUNDS - Large-Cap Growth Fund
TIAA-CREF FUNDS
LARGE-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 99.23%
AMUSEMENT AND RECREATION SERVICES - 0.99%
249,568		Walt Disney Co	$	5,822,421
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,822,421
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.66%
506,137		Lowe's Cos, Inc		9,824,119
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		9,824,119
BUSINESS SERVICES - 19.23%
221,440	*	Adobe Systems, Inc		6,266,752
42,452	*	Google, Inc (Class A)		17,897,338
352,090	*	Intuit, Inc		9,914,854
76,823	*	Juniper Networks, Inc		1,813,023
3,998	*	LogMeIn, Inc		63,968
3,410	*	Medidata Solutions, Inc		55,856
1,277,363		Microsoft Corp		30,362,918
326,971		Omnicom Group, Inc		10,325,744
217,607	*	Salesforce.com, Inc		8,306,059
550,943	*	Symantec Corp		8,572,673
172,041		Visa, Inc (Class A)		10,711,273
130,988	*	VMware, Inc (Class A)		3,572,043
366,442	*	Yahoo!, Inc		5,738,482
		TOTAL BUSINESS SERVICES		113,600,983
CHEMICALS AND ALLIED PRODUCTS - 15.93%
135,387	*	Amgen, Inc		7,167,388
97,418	*	Celgene Corp		4,660,477
209,669		Colgate-Palmolive Co		14,831,985
404,398	*	Gilead Sciences, Inc		18,942,002
102,501		Johnson & Johnson		5,822,057
83,005	*	King Pharmaceuticals, Inc		799,338
69,789		Monsanto Co		5,188,114
150,559		Novartis AG. (ADR)		6,141,302
78,538		Praxair, Inc		5,581,696
146,814		Shire plc (ADR)		6,089,845
108,407	*	Solutia, Inc		624,424
370,324		Teva Pharmaceutical Industries Ltd (ADR)		18,271,786
		TOTAL CHEMICALS AND ALLIED PRODUCTS		94,120,414
COMMUNICATIONS - 1.08%
127,881	*	DIRECTV Group, Inc		3,159,940
675,551	*	Sprint Nextel Corp		3,249,400
		TOTAL COMMUNICATIONS		6,409,340

14

TIAA-CREF FUNDS - Large-Cap Growth Fund
SHARES		COMPANY	VALUE
DEPOSITORY INSTITUTIONS - 3.47%
454,148		Bank of America Corp	$	5,994,754
51,738		JPMorgan Chase & Co		1,764,783
777,102		Western Union Co		12,744,473
		TOTAL DEPOSITORY INSTITUTIONS		20,504,010
EATING AND DRINKING PLACES - 3.17%
135,174		Darden Restaurants, Inc		4,458,039
151,074		McDonald's Corp		8,685,244
168,400		Yum! Brands, Inc		5,614,456
		TOTAL EATING AND DRINKING PLACES		18,757,739
EDUCATIONAL SERVICES - 2.20%
182,605	*	Apollo Group, Inc (Class A)		12,986,868
		TOTAL EDUCATIONAL SERVICES		12,986,868
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 14.70%
238,791		Analog Devices, Inc		5,917,241
137,347	*	Apple Computer, Inc		19,562,333
599,272	*	Cisco Systems, Inc		11,170,430
44,009	*	First Solar, Inc		7,134,739
886,950		Intel Corp		14,679,023
203,856	*	Marvell Technology Group Ltd		2,372,884
317,048		Qualcomm, Inc		14,330,570
164,708	*	Research In Motion Ltd		11,702,503
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		86,869,723
ENGINEERING AND MANAGEMENT SERVICES - 0.84%
47,092	*	Jacobs Engineering Group, Inc		1,982,102
161,642		KBR, Inc		2,980,679
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		4,962,781
FOOD AND KINDRED PRODUCTS - 3.96%
132,382		Kellogg Co		6,165,030
313,819		PepsiCo, Inc		17,247,492
		TOTAL FOOD AND KINDRED PRODUCTS		23,412,522
FURNITURE AND HOME FURNISHINGS STORES - 1.45%
278,553	*	Bed Bath & Beyond, Inc		8,565,505
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		8,565,505
GENERAL MERCHANDISE STORES - 1.06%
198,813		TJX Companies, Inc		6,254,657
		TOTAL GENERAL MERCHANDISE STORES		6,254,657
HEALTH SERVICES - 1.09%
93,966	*	Express Scripts, Inc		6,460,163
		TOTAL HEALTH SERVICES		6,460,163
HOLDING AND OTHER INVESTMENT OFFICES - 1.15%
18,306	*	Affiliated Managers Group, Inc		1,065,226

15

TIAA-CREF FUNDS- Large-Cap Growth Fund
SHARES		COMPANY	VALUE
139,545		iShares Russell 1000 Growth Index Fund	$	5,725,531
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		6,790,757
HOTELS AND OTHER LODGING PLACES - 0.23%
76,442	*	Las Vegas Sands Corp		600,834
88,986	*	Orient-Express Hotels Ltd (Class A)		755,491
		TOTAL HOTELS AND OTHER LODGING PLACES		1,356,325
INDUSTRIAL MACHINERY AND EQUIPMENT - 1.09%
31,094	*	AGCO Corp		903,903
347,477		International Game Technology		5,524,884
8,600	*,m	Seagate Technology, Inc		0
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		6,428,787
INSTRUMENTS AND RELATED PRODUCTS - 5.43%
55,392		Alcon, Inc		6,432,120
86,080		Allergan, Inc		4,095,686
290,914	*	Boston Scientific Corp		2,949,868
157,255	*	Illumina, Inc		6,123,510
129,647		Rockwell Collins, Inc		5,410,169
123,246		Roper Industries, Inc		5,584,276
219,463	*	Teradyne, Inc		1,505,516
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		32,101,145
INSURANCE CARRIERS - 1.35%
171,386		Aflac, Inc		5,328,390
139,696		Principal Financial Group		2,631,873
		TOTAL INSURANCE CARRIERS		7,960,263
LEATHER AND LEATHER PRODUCTS - 2.12%
466,919		Coach, Inc		12,550,783
		TOTAL LEATHER AND LEATHER PRODUCTS		12,550,783
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.26%
80,443	*	Jarden Corp		1,508,306
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,508,306
MISCELLANEOUS RETAIL - 4.08%
146,841	*	Amazon.com, Inc		12,284,718
371,832		CVS Corp		11,850,286
		TOTAL MISCELLANEOUS RETAIL		24,135,004
NONDEPOSITORY INSTITUTIONS - 0.53%
134,463		American Express Co		3,124,920
		TOTAL NONDEPOSITORY INSTITUTIONS		3,124,920
OIL AND GAS EXTRACTION - 5.28%
110,082		Apache Corp		7,942,416
116,657		Occidental Petroleum Corp		7,677,197
65,039		Range Resources Corp		2,693,265
238,574		Schlumberger Ltd		12,909,240

16

TIAA-CREF FUNDS - Large-Cap Growth Fund
SHARES		COMPANY		VALUE
		TOTAL OIL AND GAS EXTRACTION		$	31,222,118
PAPER AND ALLIED PRODUCTS - 0.71%
80,294		Kimberly-Clark Corp			4,209,814
		TOTAL PAPER AND ALLIED PRODUCTS			4,209,814
PRINTING AND PUBLISHING - 0.69%
50,271		Dun & Bradstreet Corp			4,082,508
		TOTAL PRINTING AND PUBLISHING			4,082,508
SECURITY AND COMMODITY BROKERS - 2.95%
118,187		Goldman Sachs Group, Inc			17,425,491
		TOTAL SECURITY AND COMMODITY BROKERS			17,425,491
TRANSPORTATION EQUIPMENT - 1.83%
109,880		Boeing Co			4,669,900
39,615	*	Spirit Aerosystems Holdings, Inc (Class A)			544,310
108,051		United Technologies Corp			5,614,330
		TOTAL TRANSPORTATION EQUIPMENT			10,828,540
TRANSPORTATION SERVICES - 0.70%
124,889		Expeditors International Washington, Inc			4,163,799
		TOTAL TRANSPORTATION SERVICES			4,163,799
		TOTAL COMMON STOCKS			586,439,805
		(Cost $581,464,557)
SHORT-TERM INVESTMENTS - 0.81%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 0.81%
$4,805,000		Federal Home Loan Bank (FHLB)	07/01/09		4,805,000
					4,805,000
		TOTAL SHORT-TERM INVESTMENTS			4,805,000
		(Cost $4,805,000)
		TOTAL INVESTMENTS - 100.04%			591,244,805
		(Cost $586,269,557)
		OTHER ASSETS AND LIABILITIES, NET - (0.04)%			(220,666	)
		NET ASSETS - 100.00%		$	591,024,139
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		plc - Public Limited Company
	*	Non-income producing.
	m	Indicates a security that has been deemed illiquid.

17

TIAA-CREF FUNDS - Large-Cap Value Fund
TIAA-CREF FUNDS
LARGE-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 99.31%
AMUSEMENT AND RECREATION SERVICES - 0.70%
105,321	*	Penn National Gaming, Inc	$	3,065,895
113,962		Walt Disney Co		2,658,733
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,724,628
APPAREL AND ACCESSORY STORES - 0.31%
177,812		American Eagle Outfitters, Inc		2,519,596
		TOTAL APPAREL AND ACCESSORY STORES		2,519,596
APPAREL AND OTHER TEXTILE PRODUCTS - 0.78%
3,863		Liz Claiborne, Inc		11,125
115,847		VF Corp		6,412,132
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		6,423,257
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.10%
112,564		Home Depot, Inc		2,659,887
327,031		Lowe's Cos, Inc		6,347,672
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		9,007,559
BUSINESS SERVICES - 1.51%
63,726	*	DST Systems, Inc		2,354,676
186,029	*	eBay, Inc		3,186,677
184,997		Fidelity National Information Services, Inc		3,692,541
90,022	*	Interpublic Group of Cos, Inc		454,611
4,701	*	Medidata Solutions, Inc		77,002
47,061		Moody's Corp		1,240,057
2,960	*	Rosetta Stone, Inc		81,222
46,746	*	VMware, Inc (Class A)		1,274,763
		TOTAL BUSINESS SERVICES		12,361,549
CHEMICALS AND ALLIED PRODUCTS - 12.35%
6,118		Abbott Laboratories		287,791
187,125		Alberto-Culver Co		4,758,589
143,863	*	Amgen, Inc		7,616,107
44,438		Clorox Co		2,480,974
451,437		Dow Chemical Co		7,286,193
42,277		Du Pont (E.I.) de Nemours & Co		1,083,137
127,130		Eli Lilly & Co		4,403,783
266,265		Johnson & Johnson		15,123,851
471,034	*	King Pharmaceuticals, Inc		4,536,057
92,209		Merck & Co, Inc		2,578,164
101,192		Nalco Holding Co		1,704,073
146,786		Novartis AG. (ADR)		5,987,401
908,441		Pfizer, Inc		13,626,614

18

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
80,624		PPG Industries, Inc	$	3,539,394
92,546		Procter & Gamble Co		4,729,101
77,347		Shire plc (ADR)		3,208,354
273,510	*	Solutia, Inc		1,575,418
167,391		Teva Pharmaceutical Industries Ltd (ADR)		8,259,072
188,362		Wyeth		8,549,751
		TOTAL CHEMICALS AND ALLIED PRODUCTS		101,333,824
COMMUNICATIONS - 6.59%
1,136,821		AT&T, Inc		28,238,633
3,313,075		BT Group plc		5,532,430
501,362		Comcast Corp (Class A)		7,264,735
8,557		Fairpoint Communications, Inc		5,134
748,499	*	Sprint Nextel Corp		3,600,280
12,753		Time Warner Cable, Inc		403,888
291,871		Verizon Communications, Inc		8,969,196
		TOTAL COMMUNICATIONS		54,014,296
DEPOSITORY INSTITUTIONS - 12.95%
540,125		AMMB Holdings Berhad		519,381
1,659,045		Bank of America Corp		21,899,394
667,555		Bank of Ireland		1,577,967
35,500		Bank of the Ryukyus Ltd		421,571
1,649,585		Citigroup, Inc		4,899,267
187,311		Fifth Third Bancorp		1,329,908
739,839	*	Fortis		2,522,055
567,382		JPMorgan Chase & Co		19,353,400
909,159		Regions Financial Corp		3,673,002
203,581		State Street Corp		9,609,023
145,400		Sumitomo Mitsui Financial Group, Inc		5,931,614
125,057		SunTrust Banks, Inc		2,057,188
437,885		TCF Financial Corp		5,854,522
383,310		US Bancorp		6,868,915
811,861		Wells Fargo & Co		19,695,748
		TOTAL DEPOSITORY INSTITUTIONS		106,212,955
EATING AND DRINKING PLACES - 0.82%
221,356		Brinker International, Inc		3,769,693
743,913		Wendy's/Arby's Group, Inc (Class A)		2,975,652
		TOTAL EATING AND DRINKING PLACES		6,745,345
ELECTRIC, GAS, AND SANITARY SERVICES - 6.67%
182,426		Allegheny Energy, Inc		4,679,227
113,010		American Electric Power Co, Inc		3,264,859
31,869		Consolidated Edison, Inc		1,192,538
171,410		Constellation Energy Group, Inc		4,556,078
13,356		Dominion Resources, Inc		446,358
149,017		Duke Energy Corp		2,174,158
45,738		Entergy Corp		3,545,610
63,586		Exelon Corp		3,256,239
38,652		FirstEnergy Corp		1,497,765
56,621		FPL Group, Inc		3,219,470

19

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
5,100		MDU Resources Group, Inc	$	96,747
72,008	*	Mirant Corp		1,133,406
44,723	*	NRG Energy, Inc		1,161,009
283,269		NV Energy, Inc		3,056,473
82,777		PG&E Corp		3,181,948
63,793		PPL Corp		2,102,617
36,214		Progress Energy, Inc		1,369,976
57,457		Questar Corp		1,784,614
284,544	*	Reliant Energy, Inc		1,425,565
425,111		Republic Services, Inc		10,376,959
3,339		Southern Union Co		61,404
60,369		Xcel Energy, Inc		1,111,393
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		54,694,413
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 6.40%
171,265		Analog Devices, Inc		4,243,947
34,967	*	Energizer Holdings, Inc		1,826,676
1,606,370		General Electric Co		18,826,656
437,421	*	Infineon Technologies AG.		1,580,112
596,806		Intel Corp		9,877,139
1,287,697		Motorola, Inc		8,537,431
201,935	*	NetApp, Inc		3,982,158
14,196,045		Solomon Systech International Ltd		1,099,042
142,779	*	Suntech Power Holdings Co Ltd (ADR)		2,550,033
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		52,523,194
ENGINEERING AND MANAGEMENT SERVICES - 0.60%
404	*	Affymax, Inc		7,446
195,904		KBR, Inc		3,612,470
46,927	*	Shaw Group, Inc		1,286,269
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		4,906,185
FABRICATED METAL PRODUCTS - 0.59%
43,053		Illinois Tool Works, Inc		1,607,599
125,841		Pentair, Inc		3,224,046
		TOTAL FABRICATED METAL PRODUCTS		4,831,645
FOOD AND KINDRED PRODUCTS - 4.10%
36,133		Coca-Cola Co		1,734,023
72,519		ConAgra Foods, Inc		1,382,212
231,724	*	Constellation Brands, Inc (Class A)		2,938,260
36,137	*	Dr Pepper Snapple Group, Inc		765,743
142,911		General Mills, Inc		8,005,875
27,490		Kellogg Co		1,280,209
270,323		Kraft Foods, Inc (Class A)		6,849,985
28,301		Molson Coors Brewing Co (Class B)		1,197,981
44,533	*	Ralcorp Holdings, Inc		2,712,950
286,525		Unilever plc (ADR)		6,733,338
		TOTAL FOOD AND KINDRED PRODUCTS		33,600,576

20

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
FOOD STORES - 0.09%
34,451		Kroger Co	$	759,645
		TOTAL FOOD STORES		759,645
FORESTRY - 0.34%
75,661		Rayonier, Inc		2,750,277
		TOTAL FORESTRY		2,750,277
GENERAL BUILDING CONTRACTORS - 0.90%
14,661	*	NVR, Inc		7,365,540
		TOTAL GENERAL BUILDING CONTRACTORS		7,365,540
GENERAL MERCHANDISE STORES - 0.87%
23,694		Dillard's, Inc (Class A)		217,985
174,797		Target Corp		6,899,237
		TOTAL GENERAL MERCHANDISE STORES		7,117,222
HEALTH SERVICES - 1.28%
268,946	*	Healthsouth Corp		3,883,580
150,904		McKesson Corp		6,639,776
		TOTAL HEALTH SERVICES		10,523,356
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.00%**
18	*	Foster Wheeler AG.		428
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		428
HOLDING AND OTHER INVESTMENT OFFICES - 0.93%
10,210		Boston Properties, Inc		487,017
11		Cross Timbers Royalty Trust		274
234,934		Kimco Realty Corp		2,361,087
33,322		Plum Creek Timber Co, Inc		992,329
20,091		Regency Centers Corp		701,377
9,044		Simon Property Group, Inc		465,133
75,909		SL Green Realty Corp		1,741,352
20,074		Vornado Realty Trust		903,932
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		7,652,501
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.96%
45,896	*	AGCO Corp		1,334,197
107,175		Hewlett-Packard Co		4,142,314
305,763		International Game Technology		4,861,631
50,575		ITT Industries, Inc		2,250,588
100,329		Johnson Controls, Inc		2,179,146
76,702		Northrop Grumman Corp		3,503,747
228,579		Palm, Inc		3,787,554
103,841		SPX Corp		5,085,093
304,898		Textron, Inc		2,945,315
197,192	*	Verigy Ltd		2,399,827
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		32,489,412
INSTRUMENTS AND RELATED PRODUCTS - 1.40%
859,119	*	Boston Scientific Corp		8,711,466

21

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
51,266		Covidien plc	$	1,919,399
21,401	*	Thermo Electron Corp		872,519
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		11,503,384
INSURANCE CARRIERS - 5.52%
67,726		ACE Ltd		2,995,521
1,235		Aegon NV		7,608
43,122		Allstate Corp		1,052,177
11,992		Aspen Insurance Holdings Ltd		267,901
160,854		Axis Capital Holdings Ltd		4,211,158
66,140		Max Re Capital Ltd		1,220,944
62,729		PartnerRe Ltd		4,074,249
414,062		Principal Financial Group		7,800,928
121,543		Prudential Financial, Inc		4,523,830
71,499		RenaissanceRe Holdings Ltd		3,327,563
21,619		Transatlantic Holdings, Inc		936,751
147,215		Travelers Cos, Inc		6,041,704
160,992		UnitedHealth Group, Inc		4,021,580
70,107	*	WellPoint, Inc		3,567,745
104,021		XL Capital Ltd (Class A)		1,192,081
		TOTAL INSURANCE CARRIERS		45,241,740
METAL MINING - 1.00%
177,473		Anglo American plc		5,149,041
25,108		Barrick Gold Corp		842,373
44,455		Freeport-McMoRan Copper & Gold, Inc (Class B)		2,227,640
		TOTAL METAL MINING		8,219,054
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.24%
82,043		Hasbro, Inc		1,988,722
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,988,722
MISCELLANEOUS RETAIL - 0.06%
15,224		CVS Corp		485,189
		TOTAL MISCELLANEOUS RETAIL		485,189
MOTION PICTURES - 1.36%
383,913		News Corp (Class A)		3,497,447
305,404		Time Warner, Inc		7,693,127
		TOTAL MOTION PICTURES		11,190,574
NONDEPOSITORY INSTITUTIONS - 1.49%
148,088		Capital One Financial Corp		3,240,165
1,923,605		Chimera Investment Corp		6,713,382
199,682		Discover Financial Services		2,050,734
344,315	*	Federal National Mortgage Association		199,703
		TOTAL NONDEPOSITORY INSTITUTIONS		12,203,984
OIL AND GAS EXTRACTION - 7.70%
96,179		Anadarko Petroleum Corp		4,365,565
84,166		Apache Corp		6,072,577

22

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
94,493		BJ Services Co	$	1,287,940
91,955		Cabot Oil & Gas Corp		2,817,501
74,971		Canadian Natural Resources Ltd		3,935,228
24,945		Chesapeake Energy Corp		494,659
72,108	*	Concho Resources, Inc		2,068,779
44,551		Devon Energy Corp		2,428,030
77,821		EOG Resources, Inc		5,285,602
97,422	*	National Oilwell Varco, Inc		3,181,803
160,546		Occidental Petroleum Corp		10,565,531
167,881		Petroleo Brasileiro S.A. (ADR)		6,879,762
1,949	*	Plains Exploration & Production Co		53,325
99,346		Range Resources Corp		4,113,918
102,252		Schlumberger Ltd		5,532,856
107,312		XTO Energy, Inc		4,092,880
		TOTAL OIL AND GAS EXTRACTION		63,175,956
PAPER AND ALLIED PRODUCTS - 0.72%
143,295		International Paper Co		2,168,053
11,454		Mondi Ltd		49,277
10,080	*,b	Smurfit-Stone Container Corp		1,714
153,064		Sonoco Products Co		3,665,883
		TOTAL PAPER AND ALLIED PRODUCTS		5,884,927
PETROLEUM AND COAL PRODUCTS - 8.32%
338,453		Chevron Corp		22,422,511
118,122		ConocoPhillips		4,968,211
465,258		Exxon Mobil Corp		32,526,188
210,422		Marathon Oil Corp		6,340,015
68,433	*	SandRidge Energy, Inc		583,049
193,606	*	Western Refining, Inc		1,366,858
		TOTAL PETROLEUM AND COAL PRODUCTS		68,206,832
PIPELINES, EXCEPT NATURAL GAS - 0.02%
9,944		Spectra Energy Corp		168,252
		TOTAL PIPELINES, EXCEPT NATURAL GAS		168,252
PRIMARY METAL INDUSTRIES - 0.30%
50,050		AK Steel Holding Corp		960,460
17,926		POSCO (ADR)		1,481,942
		TOTAL PRIMARY METAL INDUSTRIES		2,442,402
PRINTING AND PUBLISHING - 0.31%
31,128		Dun & Bradstreet Corp		2,527,905
		TOTAL PRINTING AND PUBLISHING		2,527,905
RAILROAD TRANSPORTATION - 0.11%
23,580		Norfolk Southern Corp		888,259
		TOTAL RAILROAD TRANSPORTATION		888,259
REAL ESTATE - 0.29%
324,926		British Land Co plc		2,042,051

23

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY		VALUE
1,350,180	*	Unitech Corporate Parks plc		$	355,410
		TOTAL REAL ESTATE			2,397,461
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.24%
191,634		Newell Rubbermaid, Inc			1,994,910
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS			1,994,910
SECURITY AND COMMODITY BROKERS - 2.74%
77,384		Goldman Sachs Group, Inc			11,409,497
277,337		Legg Mason, Inc			6,761,476
47,965		Morgan Stanley			1,367,482
163,352		SEI Investments Co			2,946,870
		TOTAL SECURITY AND COMMODITY BROKERS			22,485,325
TRANSPORTATION BY AIR - 0.55%
120,205	*	AMR Corp			483,224
499,377	*	Delta Air Lines, Inc			2,891,393
21,049		FedEx Corp			1,170,745
		TOTAL TRANSPORTATION BY AIR			4,545,362
TRANSPORTATION EQUIPMENT - 2.47%
1,087,715		American Axle & Manufacturing Holdings, Inc			3,741,740
113,026		Autoliv, Inc			3,251,758
37,485		Boeing Co			1,593,113
332,985	*	Ford Motor Co			2,021,219
75,724		Goodrich Corp			3,783,928
138,269		Magna International, Inc - Class A			5,840,482
		TOTAL TRANSPORTATION EQUIPMENT			20,232,240
TRANSPORTATION SERVICES - 0.44%
314,102		UTI Worldwide, Inc			3,580,763
		TOTAL TRANSPORTATION SERVICES			3,580,763
TRUCKING AND WAREHOUSING - 0.08%
19,612		Con-way, Inc			692,500
		TOTAL TRUCKING AND WAREHOUSING			692,500
WHOLESALE TRADE-DURABLE GOODS - 0.11%
27,418		BorgWarner, Inc			936,325
		TOTAL WHOLESALE TRADE-DURABLE GOODS			936,325
		TOTAL COMMON STOCKS			814,549,469
		(Cost $986,134,923)
SHORT-TERM INVESTMENTS - 0.63%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 0.63%
$5,155,000		Federal Home Loan Bank (FHLB)	07/01/09		5,155,000
					5,155,000

24

TIAA-CREF FUNDS- Large-Cap Value Fund
SHARES		COMPANY	VALUE
		TOTAL SHORT-TERM INVESTMENTS	$	5,155,000
		(Cost $5,155,000)
		TOTAL INVESTMENTS - 99.94%		819,704,469
		(Cost $991,289,923)
		OTHER ASSETS AND LIABILITIES, NET - 0.06%		519,703
		NET ASSETS - 100.00%	$	820,224,172
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		plc - Public Limited Company
	*	Non-income producing.
	b	In bankruptcy.

25

TIAA-CREF FUNDS - Mid-Cap Growth Fund
TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 99.58%
AMUSEMENT AND RECREATION SERVICES - 0.97%
110,296	*	Electronic Arts, Inc	$	2,395,629
218,762		World Wrestling Entertainment, Inc (Class A)		2,747,651
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,143,280
APPAREL AND ACCESSORY STORES - 2.06%
238,553	*	Hanesbrands, Inc		3,580,681
60,582	*	Kohl's Corp		2,589,881
59,220		Nordstrom, Inc		1,177,886
93,370		Ross Stores, Inc		3,604,081
		TOTAL APPAREL AND ACCESSORY STORES		10,952,529
APPAREL AND OTHER TEXTILE PRODUCTS - 1.05%
86,266		Guess ?, Inc		2,223,937
63,427		Polo Ralph Lauren Corp (Class A)		3,395,882
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		5,619,819
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 1.38%
57,352		Advance Auto Parts		2,379,534
12,998	*	Autozone, Inc		1,964,128
87,350	*	Copart, Inc		3,028,425
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		7,372,087
BUSINESS SERVICES - 16.11%
405,450	*	Activision Blizzard, Inc		5,120,834
69,834	*	Akamai Technologies, Inc		1,339,416
66,294	*	Alliance Data Systems Corp		2,730,650
180,260	*	Amdocs Ltd		3,866,577
272,073	*	Autonomy Corp plc		6,432,218
223,695		Aveva Group plc		2,636,884
24,112		Brink's Co		699,971
114,439	*	Brink's Home Security Holdings, Inc		3,239,768
89,287	*	CACI International, Inc (Class A)		3,813,448
162,941	*	Cavium Networks, Inc		2,739,038
71,812	*	Cerner Corp		4,473,169
75,352	*	Citrix Systems, Inc		2,402,975
324,470	*	Cogent, Inc		3,481,563
162,578	*	Cognizant Technology Solutions Corp (Class A)		4,340,833
186,563	*	Data Domain, Inc		6,221,875
102,817		Fidelity National Information Services, Inc		2,052,227
609,917	*	Interpublic Group of Cos, Inc		3,080,081
76,396	*	Juniper Networks, Inc		1,802,946
3,498	*	LogMeIn, Inc		55,968
215,572		Moody's Corp		5,680,322
362,550	*	Nuance Communications, Inc		4,383,230

26

TIAA-CREF FUNDS- Mid-Cap Growth Fund
SHARES		COMPANY	VALUE
151,773		Ritchie Bros Auctioneers, Inc	$	3,559,077
54,440	*	Salesforce.com, Inc		2,077,975
327,265	*	SuccessFactors, Inc		3,004,293
72,021	*	Sybase, Inc		2,257,138
99,260	*	VeriSign, Inc		1,834,325
89,119	*	VMware, Inc (Class A)		2,430,275
		TOTAL BUSINESS SERVICES		85,757,076
CHEMICALS AND ALLIED PRODUCTS - 9.23%
204,819		Avon Products, Inc		5,280,234
42,256	*	Celgene Corp		2,021,527
80,510	*	Cephalon, Inc		4,560,892
29,306		CF Industries Holdings, Inc		2,172,747
31,492	*	Chattem, Inc		2,144,605
48,885		Church & Dwight Co, Inc		2,654,944
124,728		Ecolab, Inc		4,863,145
278,669	*	Halozyme Therapeutics, Inc		1,942,323
102,422	*	Hospira, Inc		3,945,295
71,330	*	Inverness Medical Innovations, Inc		2,537,921
122,508	*	Invitrogen Corp		5,111,034
266,657	*	King Pharmaceuticals, Inc		2,567,907
107,905	*	Mylan Laboratories, Inc		1,408,160
156,767		Perrigo Co		4,354,987
181,219	*	Solutia, Inc		1,043,821
70,921	*	Vertex Pharmaceuticals, Inc		2,527,624
		TOTAL CHEMICALS AND ALLIED PRODUCTS		49,137,166
COAL MINING - 1.45%
30,282	*	Alpha Natural Resources, Inc		795,508
114,503		Consol Energy, Inc		3,888,522
99,935		Peabody Energy Corp		3,014,040
		TOTAL COAL MINING		7,698,070
COMMUNICATIONS - 2.39%
81,082	*	American Tower Corp (Class A)		2,556,515
140,577	*	Crown Castle International Corp		3,376,659
42,447	*	Leap Wireless International, Inc		1,397,780
431,300	*	Liberty Media Holding Corp (Interactive A)		2,160,813
89,048	*	MetroPCS Communications, Inc		1,185,229
57,886	*	NII Holdings, Inc (Class B)		1,103,886
38,803	*	SBA Communications Corp (Class A)		952,226
		TOTAL COMMUNICATIONS		12,733,108
DEPOSITORY INSTITUTIONS - 0.58%
57,625		Northern Trust Corp		3,093,310
		TOTAL DEPOSITORY INSTITUTIONS		3,093,310
EATING AND DRINKING PLACES - 1.64%
96,767		Brinker International, Inc		1,647,942
12,037	*	Chipotle Mexican Grill, Inc (Class B)		840,062
93,545		Darden Restaurants, Inc		3,085,114

27

TIAA-CREF FUNDS - Mid-Cap Growth Fund
SHARES		COMPANY	VALUE
229,219	*	Starbucks Corp	$	3,183,852
		TOTAL EATING AND DRINKING PLACES		8,756,970
EDUCATIONAL SERVICES - 0.73%
54,355	*	Apollo Group, Inc (Class A)		3,865,728
		TOTAL EDUCATIONAL SERVICES		3,865,728
ELECTRIC, GAS, AND SANITARY SERVICES - 3.78%
81,426		Constellation Energy Group, Inc		2,164,303
250,512	*	Covanta Holding Corp		4,248,684
18,521		Entergy Corp		1,435,748
140,542		PPL Corp		4,632,264
63,177		Republic Services, Inc		1,542,151
118,914	*	Stericycle, Inc		6,127,638
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		20,150,788
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 5.89%
99,120		Altera Corp		1,613,674
60,656		Amphenol Corp (Class A)		1,919,156
103,307		Analog Devices, Inc		2,559,947
102,289	*	Avnet, Inc		2,151,138
47,625		Harris Corp		1,350,645
69,255		L-3 Communications Holdings, Inc		4,804,911
139,124	*	MEMC Electronic Materials, Inc		2,477,798
93,267		Microchip Technology, Inc		2,103,171
431,406	*	Nvidia Corp		4,870,573
499,675	*	ON Semiconductor Corp		3,427,771
122,689	*	Tyco Electronics Ltd		2,280,789
89,122		Xilinx, Inc		1,823,436
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		31,383,009
ENGINEERING AND MANAGEMENT SERVICES - 2.86%
56,352		Fluor Corp		2,890,294
45,545	*	Gen-Probe, Inc		1,957,524
22,024	*	Jacobs Engineering Group, Inc		926,990
110,318		KBR, Inc		2,034,264
94,655	*	McDermott International, Inc		1,922,443
144	*	Shaw Group, Inc		3,947
83,988	*	Tetra Tech, Inc		2,406,256
116,858	*	VCA Antech, Inc		3,120,109
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		15,261,827
FOOD AND KINDRED PRODUCTS - 2.43%
235,089	*	Darling International, Inc		1,551,587
40,801	*	Hansen Natural Corp		1,257,487
118,329		McCormick & Co, Inc		3,849,243
82,798		Pepsi Bottling Group, Inc		2,801,884
57,630	*	Ralcorp Holdings, Inc		3,510,820
		TOTAL FOOD AND KINDRED PRODUCTS		12,971,021

28

TIAA-CREF FUNDS- Mid-Cap Growth Fund
SHARES		COMPANY	VALUE
FURNITURE AND HOME FURNISHINGS STORES - 1.34%
133,884	*	Bed Bath & Beyond, Inc	$	4,116,933
136,170	*	GameStop Corp (Class A)		2,997,102
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		7,114,035
GENERAL BUILDING CONTRACTORS - 0.97%
6,555	*	NVR, Inc		3,293,167
52,205		Walter Industries, Inc		1,891,909
		TOTAL GENERAL BUILDING CONTRACTORS		5,185,076
GENERAL MERCHANDISE STORES - 1.76%
165,818	*	Big Lots, Inc		3,487,153
187,096		TJX Companies, Inc		5,886,040
		TOTAL GENERAL MERCHANDISE STORES		9,373,193
HEALTH SERVICES - 3.25%
86,758	*	DaVita, Inc		4,291,051
37,653	*	Express Scripts, Inc		2,588,644
63,429	*	Laboratory Corp of America Holdings		4,299,852
60,110	*	LHC Group, Inc		1,335,043
84,595		Quest Diagnostics, Inc		4,773,695
		TOTAL HEALTH SERVICES		17,288,285
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.81%
75,160	*	Foster Wheeler AG.		1,785,050
104,635		Saipem S.p.A.		2,545,289
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		4,330,339
HOLDING AND OTHER INVESTMENT OFFICES - 4.60%
49,578	*	Affiliated Managers Group, Inc		2,884,944
476,391		iShares Russell Midcap Growth Index Fund		17,364,452
469,579	*	Liberty Acquisition Holdings Corp		4,254,386
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		24,503,782
HOTELS AND OTHER LODGING PLACES - 0.69%
295,241	*	Las Vegas Sands Corp		2,320,594
60,269		Starwood Hotels & Resorts Worldwide, Inc		1,337,972
30		Wynn Resorts Ltd		1,059
		TOTAL HOTELS AND OTHER LODGING PLACES		3,659,625
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.47%
46,507		Flowserve Corp		3,246,654
244,612		International Game Technology		3,889,330
114,411		ITT Industries, Inc		5,091,289
64,158		Joy Global, Inc		2,291,724
382,224	*	Netezza Corp		3,180,104
80,904		Textron, Inc		781,533
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		18,480,634
INSTRUMENTS AND RELATED PRODUCTS - 7.27%
81,316		Allergan, Inc		3,869,015
57,602		Beckman Coulter, Inc		3,291,378

29

TIAA-CREF FUNDS- Mid-Cap Growth Fund
SHARES		COMPANY	VALUE
69,676	*	Flir Systems, Inc	$	1,571,891
101,855	*	Illumina, Inc		3,966,234
82,525	*	Itron, Inc		4,544,651
97,591	*	Masimo Corp		2,352,919
98,401	*	NuVasive, Inc		4,388,685
63,536	*	Resmed, Inc		2,587,821
106,101		Rockwell Collins, Inc		4,427,594
56,675	*	St. Jude Medical, Inc		2,329,343
226,453	*	Teradyne, Inc		1,553,468
196,002	*	Trimble Navigation Ltd		3,847,519
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		38,730,518
INSURANCE CARRIERS - 0.53%
150,458		Principal Financial Group		2,834,629
		TOTAL INSURANCE CARRIERS		2,834,629
JUSTICE, PUBLIC ORDER AND SAFETY - 1.03%
321,745	*	Corrections Corp of America		5,466,448
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		5,466,448
LEATHER AND LEATHER PRODUCTS - 0.99%
196,109		Coach, Inc		5,271,410
		TOTAL LEATHER AND LEATHER PRODUCTS		5,271,410
LEGAL SERVICES - 1.10%
115,757	*	FTI Consulting, Inc		5,871,195
		TOTAL LEGAL SERVICES		5,871,195
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.65%
94,505	*	Emergency Medical Services Corp (Class A)		3,479,674
		TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		3,479,674
METAL MINING - 0.58%
92,508		Barrick Gold Corp		3,103,643
		TOTAL METAL MINING		3,103,643
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.51%
33,945		Hasbro, Inc		822,827
100,599	*	Jarden Corp		1,886,231
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		2,709,058
MISCELLANEOUS RETAIL - 0.51%
158,147	*	Dick's Sporting Goods, Inc		2,720,128
		TOTAL MISCELLANEOUS RETAIL		2,720,128
MOTION PICTURES - 0.46%
300	*	Ascent Media Corp (Series A)		7,974
113,011	*	Macrovision Solutions Corp		2,464,770
		TOTAL MOTION PICTURES		2,472,744

30

TIAA-CREF FUNDS- Mid-Cap Growth Fund
SHARES		COMPANY	VALUE
NONDEPOSITORY INSTITUTIONS - 0.21%
226,667		CapitalSource, Inc	$	1,106,135
		TOTAL NONDEPOSITORY INSTITUTIONS		1,106,135
OIL AND GAS EXTRACTION - 5.05%
348,067	*	Denbury Resources, Inc		5,127,026
122,609		Equitable Resources, Inc		4,280,279
61,278	*	National Oilwell Varco, Inc		2,001,339
133,487		Noble Corp		4,037,982
56,807		Pioneer Natural Resources Co		1,448,579
85,633		Range Resources Corp		3,546,063
146,566		Smith International, Inc		3,774,075
68,981	*	Southwestern Energy Co		2,679,912
		TOTAL OIL AND GAS EXTRACTION		26,895,255
PRIMARY METAL INDUSTRIES - 2.25%
114,761		AK Steel Holding Corp		2,202,264
55,051	*	General Cable Corp		2,068,817
105,603		Precision Castparts Corp		7,712,186
		TOTAL PRIMARY METAL INDUSTRIES		11,983,267
REAL ESTATE - 0.19%
157,300		Forest City Enterprises, Inc (Class A)		1,038,180
		TOTAL REAL ESTATE		1,038,180
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.35%
166,779	*	Goodyear Tire & Rubber Co		1,877,932
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		1,877,932
SECURITY AND COMMODITY BROKERS - 1.51%
14,707	*	IntercontinentalExchange, Inc		1,680,128
118,245		Lazard Ltd (Class A)		3,183,155
76,638		T Rowe Price Group, Inc		3,193,506
		TOTAL SECURITY AND COMMODITY BROKERS		8,056,789
SPECIAL TRADE CONTRACTORS - 1.21%
277,723	*	Quanta Services, Inc		6,423,733
		TOTAL SPECIAL TRADE CONTRACTORS		6,423,733
TRANSPORTATION BY AIR - 0.77%
140,612	*	Air Methods Corp		3,847,145
47,912	*	Delta Air Lines, Inc		277,410
		TOTAL TRANSPORTATION BY AIR		4,124,555
TRANSPORTATION EQUIPMENT - 0.92%
84,103		Autoliv, Inc		2,419,644
88,342		Harley-Davidson, Inc		1,432,024
72,860		Oshkosh Truck Corp		1,059,384
		TOTAL TRANSPORTATION EQUIPMENT		4,911,052
WHOLESALE TRADE-DURABLE GOODS - 2.43%
372,711	*	LKQ Corp		6,131,095

31

TIAA-CREF FUNDS- Mid-Cap Growth Fund
SHARES		COMPANY		VALUE
204,590	*	MedAssets, Inc		$	3,979,276
112,532	*	Solera Holdings, Inc			2,858,313
		TOTAL WHOLESALE TRADE-DURABLE GOODS			12,968,684
WHOLESALE TRADE-NONDURABLE GOODS - 1.62%
54,838		Airgas, Inc			2,222,584
110,341	*	Dean Foods Co			2,117,444
71,967	*	Endo Pharmaceuticals Holdings, Inc			1,289,649
95,419		Herbalife Ltd			3,009,515
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS			8,639,192
		TOTAL COMMON STOCKS			530,514,978
		(Cost $603,048,692)
SHORT-TERM INVESTMENTS - 1.79%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 1.79%
$9,530,000		Federal Home Loan Bank (FHLB)	07/1/09		9,530,000
		TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES			9,530,000
		TOTAL SHORT-TERM INVESTMENTS			9,530,000
		(Cost $9,530,000)
		TOTAL INVESTMENTS - 101.37%			540,044,978
		(Cost $612,578,692)
		OTHER ASSETS AND LIABILITIES, NET - (1.37)%			(7,324,549	)
		NET ASSETS - 100.00%		$	532,720,429
		The following abbreviations are used in portfolio descriptions:
		plc - Public Limited Company
	*	Non-income producing.

32

TIAA-CREF FUNDS - Mid-Cap Value Fund
TIAA-CREF FUNDS
MID-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 99.31%
AMUSEMENT AND RECREATION SERVICES - 0.66%
222,000	*	Penn National Gaming, Inc	$	6,462,420
33,859	*	Pinnacle Entertainment, Inc		314,550
		TOTAL AMUSEMENT AND RECREATION SERVICES		6,776,970
APPAREL AND ACCESSORY STORES - 1.37%
78,000	*	Children's Place Retail Stores, Inc		2,061,540
369,432		Gap, Inc		6,058,685
114,323	*	Kohl's Corp		4,887,308
58,000		Nordstrom, Inc		1,153,620
		TOTAL APPAREL AND ACCESSORY STORES		14,161,153
APPAREL AND OTHER TEXTILE PRODUCTS - 0.56%
103,737		VF Corp		5,741,843
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		5,741,843
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.43%
116,440	*	O'Reilly Automotive, Inc		4,434,035
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		4,434,035
BUSINESS SERVICES - 5.25%
154,436	*	Affiliated Computer Services, Inc (Class A)		6,860,047
127,025	*	CACI International, Inc (Class A)		5,425,238
179,952	*	Cadence Design Systems, Inc		1,061,717
221,495	*	Computer Sciences Corp		9,812,228
306,978	*	DynCorp International, Inc (Class A)		5,154,161
355,610	*	Earthlink, Inc		2,635,070
110,000		Fidelity National Information Services, Inc		2,195,600
39,166	*	Fiserv, Inc		1,789,886
1,132,642	*	Interpublic Group of Cos, Inc		5,719,842
65,000	*	Juniper Networks, Inc		1,534,000
105,854		Moody's Corp		2,789,253
268,232	*	Novell, Inc		1,215,091
870,000	*	Sun Microsystems, Inc		8,021,400
		TOTAL BUSINESS SERVICES		54,213,533
CHEMICALS AND ALLIED PRODUCTS - 4.81%
200,000		Alberto-Culver Co		5,086,000
105,854		Celanese Corp (Series A)		2,514,033
56,000		Clorox Co		3,126,480
132,000		Cytec Industries, Inc		2,457,840
271,800		Dow Chemical Co		4,386,852
86,507		Ecolab, Inc		3,372,908
50,000	*	Invitrogen Corp		2,086,000

33

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY	VALUE
35,000		Methanex Corp	$	424,580
400,000	*	Mylan Laboratories, Inc		5,220,000
152,430	*	Pactiv Corp		3,307,731
154,000		PPG Industries, Inc		6,760,600
100,000		Shire plc (ADR)		4,148,000
45,722		Sigma-Aldrich Corp		2,265,982
310,488	*	Solutia, Inc		1,788,411
182,369	*	Theravance, Inc		2,669,882
		TOTAL CHEMICALS AND ALLIED PRODUCTS		49,615,299
COAL MINING - 0.46%
50,000		Arch Coal, Inc		768,500
70,000		Consol Energy, Inc		2,377,200
52,000		Peabody Energy Corp		1,568,320
		TOTAL COAL MINING		4,714,020
COMMUNICATIONS - 2.20%
96,327		CenturyTel, Inc		2,957,239
582,199		Frontier Communications Corp		4,156,901
48,693		Global Payments, Inc		1,824,040
241,000	*	IAC/InterActiveCorp		3,868,050
89,976		Manitoba Telecom Services, Inc		2,635,500
980,000		Qwest Communications International, Inc		4,067,000
670,000	*	Sprint Nextel Corp		3,222,700
		TOTAL COMMUNICATIONS		22,731,430
DEPOSITORY INSTITUTIONS - 7.04%
190,000		Comerica, Inc		4,018,500
66,688		Cullen/Frost Bankers, Inc		3,075,651
450,000		Fifth Third Bancorp		3,195,000
655,179	*	First Horizon National Corp		7,862,153
481,637		Hudson City Bancorp, Inc		6,400,956
250,000		Keycorp		1,310,000
47,634		M&T Bank Corp		2,426,000
93,503		Northern Trust Corp		5,019,241
1,030,885		Regions Financial Corp		4,164,775
105,051		State Street Corp		4,958,407
174,200		Sumitomo Mitsui Financial Group, Inc		7,106,514
290,000		SunTrust Banks, Inc		4,770,500
590,000		TCF Financial Corp		7,888,299
275,000		TFS Financial Corp		2,920,500
188,754		US Bancorp		3,382,472
157,500		Valley National Bancorp		1,842,750
142,000		Western Union Co		2,328,800
		TOTAL DEPOSITORY INSTITUTIONS		72,670,518
EATING AND DRINKING PLACES - 0.27%
85,000		Darden Restaurants, Inc		2,803,300
		TOTAL EATING AND DRINKING PLACES		2,803,300

34

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY	VALUE
ELECTRIC, GAS, AND SANITARY SERVICES - 12.74%
150,000		Allegheny Energy, Inc	$	3,847,500
209,000		American Electric Power Co, Inc		6,038,010
127,025		American Water Works Co, Inc		2,427,448
255,000		Centerpoint Energy, Inc		2,825,400
320,000		CMS Energy Corp		3,865,600
477,000		Constellation Energy Group, Inc		12,678,660
86,385		DPL, Inc		2,001,540
151,000		Edison International		4,750,460
291,099		El Paso Corp		2,686,844
49,752		Energen Corp		1,985,105
47,000		Entergy Corp		3,643,440
34,000		FirstEnergy Corp		1,317,500
60,000		Integrys Energy Group, Inc		1,799,400
180,000	*	Mirant Corp		2,833,200
342,000		NorthWestern Corp		7,783,920
313,000	*	NRG Energy, Inc		8,125,480
283,000		Pepco Holdings, Inc		3,803,520
215,000		PG&E Corp		8,264,600
53,000		PPL Corp		1,746,880
200,000		Progress Energy, Inc		7,566,000
183,000		Public Service Enterprise Group, Inc		5,971,290
68,805		Questar Corp		2,137,083
770,000	*	Reliant Energy, Inc		3,857,700
465,759		Republic Services, Inc		11,369,177
190,000		Sempra Energy		9,429,700
211,164		Southern Union Co		3,883,306
260,000		Xcel Energy, Inc		4,786,600
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		131,425,363
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 2.63%
80,000	*	Avnet, Inc		1,682,400
37,000	*	Cree, Inc		1,087,430
39,563	*	Energizer Holdings, Inc		2,066,771
550,000	*	Fairchild Semiconductor International, Inc		3,844,500
158,782	*	Hexcel Corp		1,513,192
205,000		Intersil Corp (Class A)		2,576,850
142,903	*	Marvell Technology Group Ltd		1,663,391
190,000		Maxim Integrated Products, Inc		2,981,100
500,000	*	Micron Technology, Inc		2,530,000
53,000	*	Novellus Systems, Inc		885,100
160,000	*	Nvidia Corp		1,806,400
406,412	*	Tellabs, Inc		2,328,741
118,557	*	Tyco Electronics Ltd		2,203,975
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		27,169,850
ENGINEERING AND MANAGEMENT SERVICES - 1.36%
395,000		KBR, Inc		7,283,800
93,152	*	McDermott International, Inc		1,891,917
98,000	*	URS Corp		4,852,960
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		14,028,677

35

TIAA-CREF FUNDS - Mid-Cap Value Fund
SHARES		COMPANY	VALUE
FABRICATED METAL PRODUCTS - 1.43%
476,345	*	Crown Holdings, Inc	$	11,498,968
128,000		Pentair, Inc		3,279,360
		TOTAL FABRICATED METAL PRODUCTS		14,778,328
FOOD AND KINDRED PRODUCTS - 3.63%
105,000		Bunge Ltd		6,326,250
86,615		Corn Products International, Inc		2,320,416
190,000		Del Monte Foods Co		1,782,200
121,000		H.J. Heinz Co		4,319,700
66,000		McCormick & Co, Inc		2,146,980
24,392	*	Mead Johnson Nutrition Co		774,934
110,000		Pepsi Bottling Group, Inc		3,722,400
71,121	*	Ralcorp Holdings, Inc		4,332,691
48,000		Reynolds American, Inc		1,853,760
480,000	*	Smithfield Foods, Inc		6,705,600
250,000		Tyson Foods, Inc (Class A)		3,152,500
		TOTAL FOOD AND KINDRED PRODUCTS		37,437,431
FOOD STORES - 0.55%
95,000		Kroger Co		2,094,750
98,000		Safeway, Inc		1,996,260
125,000		Supervalu, Inc		1,618,750
		TOTAL FOOD STORES		5,709,760
FORESTRY - 0.37%
127,025		Weyerhaeuser Co		3,865,371
		TOTAL FORESTRY		3,865,371
FURNITURE AND FIXTURES - 0.50%
190,538		Masco Corp		1,825,354
255,000		Tempur-Pedic International, Inc		3,332,850
		TOTAL FURNITURE AND FIXTURES		5,158,204
FURNITURE AND HOME FURNISHINGS STORES - 0.20%
61,396		Best Buy Co, Inc		2,056,152
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		2,056,152
GENERAL BUILDING CONTRACTORS - 0.86%
12,200	*	NVR, Inc		6,129,158
160,899		Ryland Group, Inc		2,696,667
		TOTAL GENERAL BUILDING CONTRACTORS		8,825,825
GENERAL MERCHANDISE STORES - 1.33%
200,000		JC Penney Co, Inc		5,742,000
675,000		Macy's, Inc		7,938,000
		TOTAL GENERAL MERCHANDISE STORES		13,680,000
HEALTH SERVICES - 1.36%
80,000	*	DaVita, Inc		3,956,800
700,000	*	Healthsouth Corp		10,108,000
		TOTAL HEALTH SERVICES		14,064,800

36

TIAA-CREF FUNDS - Mid-Cap Value Fund
SHARES		COMPANY	VALUE
HOLDING AND OTHER INVESTMENT OFFICES - 12.99%
719,810		Annaly Mortgage Management, Inc	$	10,897,923
120,937		Boston Properties, Inc		5,768,695
223,614		Brandywine Realty Trust		1,665,924
67,739		Equity Residential		1,505,838
19,408		Essex Property Trust, Inc		1,207,760
61,329	*,g,m	GSC Capital Corp		0
350,000		Host Marriott Corp		2,936,500
890,000		iShares Russell 1000 Value Index Fund		42,364,000
1,602,000		iShares Russell Midcap Value Index Fund		46,393,920
140,786		Kimco Realty Corp		1,414,899
100,562		Plum Creek Timber Co, Inc		2,994,736
68,805		Potlatch Corp		1,671,273
58,220		Public Storage, Inc		3,812,246
22,992		Regency Centers Corp		802,651
88,887		SL Green Realty Corp		2,039,068
90,318		Taubman Centers, Inc		2,425,941
254,866	*	Vantage Drilling Co		446,016
124,002		Vornado Realty Trust		5,583,810
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		133,931,200
HOTELS AND OTHER LODGING PLACES - 0.17%
206,540	*	Orient-Express Hotels Ltd (Class A)		1,753,525
		TOTAL HOTELS AND OTHER LODGING PLACES		1,753,525
INDUSTRIAL MACHINERY AND EQUIPMENT - 1.61%
75,000	*	AGCO Corp		2,180,250
418,125	*	Brocade Communications Systems, Inc		3,269,738
100,562		Curtiss-Wright Corp		2,989,708
60,000		International Game Technology		954,000
130,000		ITT Industries, Inc		5,785,000
151,900		Textron, Inc		1,467,354
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		16,646,050
INSTRUMENTS AND RELATED PRODUCTS - 1.17%
48,000	*	Agilent Technologies, Inc		974,880
650,000	*	Boston Scientific Corp		6,591,000
430,000	*	Teradyne, Inc		2,949,800
238,172		Xerox Corp		1,543,355
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		12,059,035
INSURANCE AGENTS, BROKERS AND SERVICE - 1.18%
169,367		AON Corp		6,413,928
287,924		Marsh & McLennan Cos, Inc		5,795,910
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		12,209,838
INSURANCE CARRIERS - 9.29%
78,332		ACE Ltd		3,464,624
77,274	*	Arch Capital Group Ltd		4,526,711
111,147		Aspen Insurance Holdings Ltd		2,483,024

37

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY	VALUE
78,332		Assurant, Inc	$	1,887,018
222,294		Axis Capital Holdings Ltd		5,819,657
115,381		Cincinnati Financial Corp		2,578,765
67,739		CNA Financial Corp		1,047,922
78,000		Everest Re Group Ltd		5,582,460
80,000		Hanover Insurance Group, Inc		3,048,800
155,000	*	Health Net, Inc		2,410,250
217,124		Lincoln National Corp		3,736,704
302,000		Max Re Capital Ltd		5,574,920
97,000		Metlife, Inc		2,910,970
119,615		PartnerRe Ltd		7,768,994
457,294		Principal Financial Group		8,615,420
338,734		Progressive Corp		5,118,271
136,961		Prudential Financial, Inc		5,097,688
124,908		RenaissanceRe Holdings Ltd		5,813,218
26,006		Transatlantic Holdings, Inc		1,126,840
143,000		UnitedHealth Group, Inc		3,572,140
105,854		Validus Holdings Ltd		2,326,671
995,031		XL Capital Ltd (Class A)		11,403,056
		TOTAL INSURANCE CARRIERS		95,914,123
METAL MINING - 0.62%
170,000		Anglo American plc		4,932,226
63,000		Compania de Minas Buenaventura S.A. (ADR) (Series B)		1,513,890
		TOTAL METAL MINING		6,446,116
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.41%
42,342		Compagnie Financiere Richemont S.A.		879,925
180,000	*	Jarden Corp		3,375,000
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		4,254,925
MISCELLANEOUS RETAIL - 0.08%
42,342		Barnes & Noble, Inc		873,515
		TOTAL MISCELLANEOUS RETAIL		873,515
MOTION PICTURES - 0.24%
58,080	*	Discovery Communications, Inc (Class A)		1,309,704
58,080	*	Discovery Communications, Inc (Class C)		1,192,382
		TOTAL MOTION PICTURES		2,502,086
NONDEPOSITORY INSTITUTIONS - 1.66%
125,000		Capital One Financial Corp		2,735,000
2,528,834		Chimera Investment Corp		8,825,631
344,027		Discover Financial Services		3,533,157
419,021	*	Global Ship Lease, Inc (Class A)		754,238
285,718		Westway Group, Inc		1,235,730
		TOTAL NONDEPOSITORY INSTITUTIONS		17,083,756
OIL AND GAS EXTRACTION - 5.05%
170,000		Berry Petroleum Co (Class A)		3,160,300
301,685		BJ Services Co		4,111,967

38

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY	VALUE
95,269		Cabot Oil & Gas Corp	$	2,919,042
170,000	*	Concho Resources, Inc		4,877,300
40,807		Crescent Point Energy Trust		1,204,055
407,000	*	Denbury Resources, Inc		5,995,110
21,171		Diamond Offshore Drilling, Inc		1,758,252
306,272	*	Forest Oil Corp		4,569,578
150,000	*	Hercules Offshore, Inc		595,500
105,000	*	Nabors Industries Ltd		1,635,900
134,970		Noble Energy, Inc		7,959,181
420,242	*	Pride International, Inc		10,531,264
22,759		Range Resources Corp		942,450
70,000		Smith International, Inc		1,802,500
		TOTAL OIL AND GAS EXTRACTION		52,062,399
PAPER AND ALLIED PRODUCTS - 1.51%
174,660		Greif, Inc (Class A)		7,723,466
201,123		MeadWestvaco Corp		3,300,428
345,000		Temple-Inland, Inc		4,526,400
		TOTAL PAPER AND ALLIED PRODUCTS		15,550,294
PETROLEUM AND COAL PRODUCTS - 0.42%
55,773		Ashland, Inc		1,564,433
51,000		Hess Corp		2,741,250
		TOTAL PETROLEUM AND COAL PRODUCTS		4,305,683
PIPELINES, EXCEPT NATURAL GAS - 0.82%
500,000		Spectra Energy Corp		8,460,000
		TOTAL PIPELINES, EXCEPT NATURAL GAS		8,460,000
PRIMARY METAL INDUSTRIES - 0.54%
40,000		Precision Castparts Corp		2,921,200
21,900		Vallourec		2,658,409
		TOTAL PRIMARY METAL INDUSTRIES		5,579,609
PRINTING AND PUBLISHING - 1.18%
71,000		Dun & Bradstreet Corp		5,765,910
642,539		Pearson plc		6,443,054
		TOTAL PRINTING AND PUBLISHING		12,208,964
RAILROAD TRANSPORTATION - 0.31%
66,688		CSX Corp		2,309,405
23,288		Norfolk Southern Corp		877,259
		TOTAL RAILROAD TRANSPORTATION		3,186,664
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 1.11%
600,000	*	Goodyear Tire & Rubber Co		6,756,000
190,000		Newell Rubbermaid, Inc		1,977,900
325,000		SSL International plc		2,769,693
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		11,503,593

39

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY	VALUE
SECURITY AND COMMODITY BROKERS - 1.75%
125,000		Ameriprise Financial, Inc	$	3,033,750
5,293		CME Group, Inc		1,646,705
89,976	*	Jefferies Group, Inc		1,919,188
310,000		Legg Mason, Inc		7,557,800
460,000		Nomura Holdings, Inc		3,886,853
		TOTAL SECURITY AND COMMODITY BROKERS		18,044,296
TOBACCO PRODUCTS - 1.25%
190,000		Lorillard, Inc		12,876,300
		TOTAL TOBACCO PRODUCTS		12,876,300
TRANSPORTATION BY AIR - 0.81%
550,000	*	AMR Corp		2,211,000
235,000	*	Continental Airlines, Inc (Class B)		2,082,100
490,000	*	Delta Air Lines, Inc		2,837,100
264,636	*	easyJet plc		1,176,612
		TOTAL TRANSPORTATION BY AIR		8,306,812
TRANSPORTATION EQUIPMENT - 3.96%
232,000		Autoliv, Inc		6,674,640
264,636		Brunswick Corp		1,143,228
2,317,999	*	Ford Motor Co		14,070,254
88,000		Goodrich Corp		4,397,360
37,593		Harsco Corp		1,063,882
116,000		Porsche AG.		7,778,518
420,000	*	Spirit Aerosystems Holdings, Inc (Class A)		5,770,800
		TOTAL TRANSPORTATION EQUIPMENT		40,898,682
TRANSPORTATION SERVICES - 0.14%
130,000		UTI Worldwide, Inc		1,482,000
		TOTAL TRANSPORTATION SERVICES		1,482,000
WATER TRANSPORTATION - 0.20%
78,525		Danaos Corp		254,421
316,052		Eagle Bulk Shipping, Inc		1,482,284
187,045		Globus Maritime Ltd		209,254
35,240		Omega Navigation Enterprises, Inc (Class A)		133,912
		TOTAL WATER TRANSPORTATION		2,079,871
WHOLESALE TRADE-DURABLE GOODS - 0.59%
100,000	*	Arrow Electronics, Inc		2,124,000
115,000		BorgWarner, Inc		3,927,250
		TOTAL WHOLESALE TRADE-DURABLE GOODS		6,051,250
WHOLESALE TRADE-NONDURABLE GOODS - 0.24%
127,000	*	Dean Foods Co		2,437,130
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		2,437,130
		TOTAL COMMON STOCKS		1,024,769,578
		(Cost $1,159,294,482)

40

TIAA-CREF FUNDS- Mid-Cap Value Fund
SHARES		COMPANY		VALUE
RIGHTS / WARRANTS - 0.01%
NONDEPOSITORY INSTITUTIONS - 0.01%
116,440		Heckmann Corp		$	66,371
		TOTAL NONDEPOSITORY INSTITUTIONS			66,371
WATER TRANSPORTATION - 0.00%**
370,490		Global Ship Lease, Inc			40,754
		TOTAL WATER TRANSPORTATION			40,754
		TOTAL RIGHTS / WARRANTS			107,125
		(Cost $595,539)
SHORT-TERM INVESTMENTS - 2.19%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 2.19%
$22,620,000		Federal Home Loan Bank (FHLB)	07/1/09		22,620,000
		TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES			22,620,000
		TOTAL SHORT-TERM INVESTMENTS			22,620,000
		(Cost $22,620,000)
		TOTAL INVESTMENTS - 101.51%			1,047,496,703
		(Cost $1,182,510,021)
		OTHER ASSETS AND LIABILITIES, NET - (1.51)%			(15,597,179	)
		NET ASSETS - 100.00%		$	1,031,899,524
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		plc - Public Limited Company
	*	Non-income producing.
	**	Percentage represents less than 0.01%.
	g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At June 30, 2009 the value of these securities amounted to $0 or 0.00% of net assets.
	m	Indicates a security that has been deemed illiquid.

41

TIAA-CREF FUNDS - Small-Cap Equity Fund
TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY	VALUE
COMMON STOCKS - 100.23%
AGRICULTURAL PRODUCTION-LIVESTOCK - 0.29%
34,516		Cal-Maine Foods, Inc	$	861,519
563		Seaboard Corp		631,686
		TOTAL AGRICULTURAL PRODUCTION-LIVESTOCK		1,493,205
AMUSEMENT AND RECREATION SERVICES - 0.97%
74,248	*	Bally Technologies, Inc		2,221,500
23,090		Dover Downs Gaming & Entertainment, Inc		107,369
101,335	*	Live Nation, Inc		492,488
90,300	*	Pinnacle Entertainment, Inc		838,887
15,100		Speedway Motorsports, Inc		207,776
49,100	*	Ticketmaster		315,222
24,000	*	WMS Industries, Inc		756,240
		TOTAL AMUSEMENT AND RECREATION SERVICES		4,939,482
APPAREL AND ACCESSORY STORES - 2.62%
17,436	*	Aeropostale, Inc		597,532
15,037		Buckle, Inc		477,725
44,805	*	Carter's, Inc		1,102,651
58,861		Cato Corp (Class A)		1,026,536
95,689	*	Charlotte Russe Holding, Inc		1,232,474
138,200	*	Charming Shoppes, Inc		514,104
77,322	*	Chico's FAS, Inc		752,343
43,400	*	Children's Place Retail Stores, Inc		1,147,062
67,200	*	Collective Brands, Inc		979,104
55,019	*	Dress Barn, Inc		786,772
130,386		Finish Line, Inc (Class A)		967,464
168,609	*	Hot Topic, Inc		1,232,532
33,000	*	Pacific Sunwear Of California, Inc		111,210
97,200		Stage Stores, Inc		1,078,920
83,235	*	Tween Brands, Inc		556,010
268,385	*	Wet Seal, Inc (Class A)		823,942
		TOTAL APPAREL AND ACCESSORY STORES		13,386,381
APPAREL AND OTHER TEXTILE PRODUCTS - 0.32%
30,863	*	Gymboree Corp		1,095,019
20,533	*	True Religion Apparel, Inc		457,886
2,410	*	Warnaco Group, Inc		78,084
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		1,630,989
AUTO REPAIR, SERVICES AND PARKING - 0.60%
116,883	*	Dollar Thrifty Automotive Group, Inc		1,630,518
55,864	*	Wright Express Corp		1,422,856
		TOTAL AUTO REPAIR, SERVICES AND PARKING		3,053,374

42

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.08%
39,000		Asbury Automotive Group, Inc	$	399,360
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		399,360
BUSINESS SERVICES - 12.56%
658,365	*	3Com Corp		3,100,900
25,000	*	ACI Worldwide, Inc		349,000
148,641	*	Actuate Corp		710,504
157,764		Acxiom Corp		1,393,056
44,569		Administaff, Inc		1,037,121
66,400	*	AMN Healthcare Services, Inc		423,632
38,300	*	ArcSight, Inc		680,591
207,624	*	Art Technology Group, Inc		788,971
102,300	*	Avis Budget Group, Inc		577,995
1,000	*	Blackboard, Inc		28,860
18,400	*	Bottomline Technologies, Inc		165,784
15,300	*	CACI International, Inc (Class A)		653,463
9,800	*	Capella Education Co		587,510
101,171	*	Ciber, Inc		313,630
47,400	*	Cogent, Inc		508,602
36,581	*	Commvault Systems, Inc		606,513
67,069		Compass Diversified Trust		542,588
35,507	*	CSG Systems International, Inc		470,113
4,478	*	Cybersource Corp		68,513
65,155	*	Dice Holdings, Inc		302,971
25,973	*	Digital River, Inc		943,339
22,161	*	Double-Take Software, Inc		191,693
20,900	*	Dynamics Research Corp		209,209
102,495	*	DynCorp International, Inc (Class A)		1,720,891
216,566	*	Earthlink, Inc		1,604,754
3,400	*	Eclipsys Corp		60,452
56,062	*	FalconStor Software, Inc		266,295
22,700	*	Forrester Research, Inc		557,285
97,780	*	Gartner, Inc		1,492,123
103,379	*	Global Cash Access, Inc		822,897
59,377	*	Global Sources Ltd		428,108
51,196	*	Hackett Group, Inc		119,287
13,700		Heartland Payment Systems, Inc		131,109
16,473	*	HMS Holdings Corp		670,781
32,800		iGate Corp		217,136
87,856	*	Informatica Corp		1,510,245
2,313	*	Integral Systems, Inc		19,244
22,300	*	Interactive Intelligence, Inc		273,398
9,091	*	inVentiv Health, Inc		123,001
9,200		Jack Henry & Associates, Inc		190,900
33,970	*	Kenexa Corp		393,033
8,400	*	Keynote Systems, Inc		64,176
552	*	Korn/Ferry International		5,873
20,400	*	Liquidity Services, Inc		201,144
76,600	*	Liveperson, Inc		306,400
3,480	*	LogMeIn, Inc		55,680

43

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
833	*	Mastech Holdings, Inc	$	2,891
8,300	*	MicroStrategy, Inc (Class A)		416,826
23,097	*	ModusLink Global Solutions, Inc		158,445
161,800	*	MoneyGram International, Inc		288,004
1,100	*	Monotype Imaging Holdings, Inc		7,491
146,613	*	MPS Group, Inc		1,120,123
18,831	*	NCI, Inc (Class A)		572,839
41,074	*	Ness Technologies, Inc		160,599
19,100	*	NetFlix, Inc		789,594
179,829	*	Netscout Systems, Inc		1,686,796
12,100		NIC, Inc		81,917
70,083	*	On Assignment, Inc		274,025
14,630	*	Online Resources Corp		91,291
124,059	*	Parametric Technology Corp		1,450,250
37,600		Pegasystems, Inc		991,888
41,485	*	Perficient, Inc		289,980
111,494	*	Perot Systems Corp (Class A)		1,597,709
37,600	*	Pervasive Software, Inc		228,984
82,700	*	Premiere Global Services, Inc		896,468
14,144	*	Progress Software Corp		299,428
51,610	*	PROS Holdings, Inc		419,073
188,894	*	Quest Software, Inc		2,633,183
26,800	*	Rackspace Hosting, Inc		371,448
55,800	*	RealNetworks, Inc		166,842
144,554	*	Rent-A-Center, Inc		2,577,399
2,250	*	RightNow Technologies, Inc		26,550
181,434	*	S1 Corp		1,251,895
44,848	*	Saba Software, Inc		172,665
237,624	*	Sapient Corp		1,494,655
19,106	*	SolarWinds, Inc		315,058
28,530	*	SonicWALL, Inc		156,344
7,400	*	Sonus Networks, Inc		11,914
14,552	*	Spherion Corp		59,954
28,903	*	SPSS, Inc		964,493
3,436	*	SRA International, Inc (Class A)		60,336
29,600	*	StarTek, Inc		237,392
24,228	*	Sybase, Inc		759,306
78,430	*	SYKES Enterprises, Inc		1,418,799
66,461	*	SYNNEX Corp		1,660,860
71,300		Take-Two Interactive Software, Inc		675,211
125,322	*	TeleTech Holdings, Inc		1,898,628
70,000	*	THQ, Inc		501,200
321,548	*	TIBCO Software, Inc		2,305,499
47,648	*	TrueBlue, Inc		400,243
359,000	*	Unisys Corp		542,090
164,546		United Online, Inc		1,071,194
160,585	*	Valueclick, Inc		1,689,354
14,952	*	Vasco Data Security International		109,299
34,126		Viad Corp		587,650
35,632	*	Virtusa Corp		286,125
82,879	*	Websense, Inc		1,478,561
52,255	*	Wind River Systems, Inc		598,842
		TOTAL BUSINESS SERVICES		64,196,380

44

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
CHEMICALS AND ALLIED PRODUCTS - 5.97%
31,168	*	Acorda Therapeutics, Inc		878,626
105,300	*	Adolor Corp		185,328
41,722	*	Albany Molecular Research, Inc		350,048
19,440	*	Alexion Pharmaceuticals, Inc		799,373
7,937	*	Allos Therapeutics, Inc		65,798
48,035	*	Alnylam Pharmaceuticals, Inc		1,069,739
21,600	*	AMAG Pharmaceuticals, Inc		1,180,872
120,700	*	AVANIR Pharmaceuticals, Inc		267,954
55,200	*	BioCryst Pharmaceuticals, Inc		222,456
19,300	*	Caraco Pharmaceutical Laboratories Ltd		59,251
22,300	*	China-Biotics, Inc		240,394
33,800	*	Cornerstone Therapeutics, Inc		371,124
46,110	*	Cubist Pharmaceuticals, Inc		845,196
131,700	*	Emergent Biosolutions, Inc		1,887,260
25,384	*	Enzon Pharmaceuticals, Inc		199,772
46,647	*	Facet Biotech Corp		433,351
89,646	*	Halozyme Therapeutics, Inc		624,833
23,200	*	Hi-Tech Pharmacal Co, Inc		206,480
3,575	*	Idenix Pharmaceuticals, Inc		13,156
8,000	*	Idera Pharmaceuticals, Inc		46,880
111,691	*	Immucor, Inc		1,536,867
29,637	*	Immunogen, Inc		255,175
69,051		Innophos Holdings, Inc		1,166,271
67,982		Innospec, Inc		730,807
86,257	*	Inspire Pharmaceuticals, Inc		479,589
9,720		Inter Parfums, Inc		71,345
34,444		Koppers Holdings, Inc		908,288
8,400	*	Landec Corp		57,036
31,600	*	Lannett Co, Inc		216,460
7,438		Martek Biosciences Corp		157,314
13,333	*	Medivation, Inc		298,793
1,211		Meridian Bioscience, Inc		27,344
64,000	*	Micromet, Inc		318,720
42,000		Minerals Technologies, Inc		1,512,840
19,635	*	Myriad Pharmaceuticals, Inc		91,303
38,800	*	Neurocrine Biosciences, Inc		125,324
9,402		NewMarket Corp		633,037
16,200	*	Noven Pharmaceuticals, Inc		231,660
185,629	*	NPS Pharmaceuticals, Inc		865,031
66,250	*	Obagi Medical Products, Inc		482,963
187	*	OM Group, Inc		5,427
15,300	*	Omnova Solutions, Inc		49,878
68,205	*	Onyx Pharmaceuticals, Inc		1,927,472
91,800	*	OXiGENE, Inc		200,124
5,000	*	Pain Therapeutics, Inc		26,850
79,538	*	Par Pharmaceutical Cos, Inc		1,205,001
2,422	*	Parexel International Corp		34,828
113,200		PDL BioPharma, Inc		894,280
1,761	*	PetMed Express, Inc		26,468

45

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
48,800	*	Poniard Pharmaceuticals, Inc	$	291,336
18,436	*	Pozen, Inc		141,588
86,265	*	Prestige Brands Holdings, Inc		530,530
171,444	*	Questcor Pharmaceuticals, Inc		857,220
3,600	*	Salix Pharmaceuticals Ltd		35,532
92,900	*	Santarus, Inc		261,978
96,200	*	Sciclone Pharmaceuticals, Inc		246,272
90,572	*	Solutia, Inc		521,695
50,400	*	Spectrum Pharmaceuticals, Inc		385,560
25,707		Stepan Co		1,135,221
115,100	*	SuperGen, Inc		231,351
30,600	*	Valeant Pharmaceuticals International		787,032
30,000	*	Vanda Pharmaceuticals, Inc		353,100
41,600	*	Viropharma, Inc		246,688
		TOTAL CHEMICALS AND ALLIED PRODUCTS		30,509,489
COAL MINING - 0.02%
14,077	*	Westmoreland Coal Co		114,024
		TOTAL COAL MINING		114,024
COMMUNICATIONS - 2.21%
34,826		Adtran, Inc		747,714
4,759	*	Anixter International, Inc		178,891
68,785	*	Aruba Networks, Inc		601,181
38,725		Atlantic Tele-Network, Inc		1,521,505
402,125	*	Cincinnati Bell, Inc		1,142,035
1	*	FiberTower Corp		1
67,135	*	Global Crossing Ltd		616,299
62,028	*	j2 Global Communications, Inc		1,399,352
56,600	*	Lodgenet Entertainment Corp		192,440
41,667	*	Mediacom Communications Corp (Class A)		212,918
6,800	*	Neutral Tandem, Inc		200,736
38,890		NTELOS Holdings Corp		716,354
178,768	*	PAETEC Holding Corp		482,674
56,788	*	Syniverse Holdings, Inc		910,312
8,464	*	TeleCommunication Systems, Inc (Class A)		60,179
120,905		USA Mobility, Inc		1,542,747
198,058	*	Virgin Mobile USA, Inc (Class A)		796,193
		TOTAL COMMUNICATIONS		11,321,531
DEPOSITORY INSTITUTIONS - 7.00%
18,600		1st Source Corp		321,222
7,139		Ameris Bancorp		45,118
13,802		Bancfirst Corp		477,273
18,365		Banco Latinoamericano de Exportaciones S.A. (Class E)		228,277
12,616		Banner Corp		48,193
1,621	*	Beneficial Mutual Bancorp, Inc		15,562
33,200		Berkshire Hills Bancorp, Inc		689,896
102,600		Boston Private Financial Holdings, Inc		459,648
81,150		Brookline Bancorp, Inc		756,318
46,993		Central Pacific Financial Corp		176,224
10,700		Century Bancorp, Inc		197,308

46

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
220,052	*	Citizens Republic Bancorp, Inc	$	156,237
127,827		Community Bank System, Inc		1,861,161
85,930		CVB Financial Corp		513,002
76,700		Dime Community Bancshares		698,737
71,100		East West Bancorp, Inc		461,439
3,780		First Bancorp		59,270
15,009		First Commonwealth Financial Corp		95,157
18,500	*	First Defiance Financial Corp		240,500
65,029		First Financial Bancorp		489,018
11,340		First Financial Bankshares, Inc		571,082
9,365		First Financial Holdings, Inc		88,031
26,400		First Merchants Corp		211,992
61,910		First Niagara Financial Group, Inc		707,012
46,442		FirstMerit Corp		788,585
46,600	*	Flagstar Bancorp, Inc		31,688
8,300		Flushing Financial Corp		77,605
2		Fulton Financial Corp		10
24,757		Hancock Holding Co		804,355
11,743		Harleysville National Corp		55,192
15,700		IBERIABANK Corp		618,737
12,900		Independent Bank Corp		254,130
88,746		International Bancshares Corp		914,971
28,770		Lakeland Bancorp, Inc		258,642
5,500		Lakeland Financial Corp		104,500
35,371		MainSource Financial Group, Inc		262,453
33,500		Nara Bancorp, Inc		173,530
100,205		National Penn Bancshares, Inc		461,945
51,050		NBT Bancorp, Inc		1,108,296
115,509	*	Net 1 UEPS Technologies, Inc		1,569,767
43,628		NewAlliance Bancshares, Inc		501,722
17,083		Northwest Bancorp, Inc		322,185
37,500		Pacific Capital Bancorp		80,250
50,158	*	Pinnacle Financial Partners, Inc		668,105
81,653		Prosperity Bancshares, Inc		2,435,709
81,118		Provident Financial Services, Inc		738,174
8,652		Provident New York Bancorp		70,254
28,900		Qc Holdings, Inc		148,546
2,914		Renasant Corp		43,768
18,618		Republic Bancorp, Inc (Class A)		420,581
10,579		S.Y. Bancorp, Inc		255,694
16,129		SCBT Financial Corp		382,096
36,300	*	Signature Bank		984,456
31,643		Simmons First National Corp (Class A)		845,501
62,435		South Financial Group, Inc		74,298
7,565		Southside Bancshares, Inc		173,012
20,764		Southwest Bancorp, Inc		202,657
54,946		Sterling Bancorp		458,799
38,538		Sterling Bancshares, Inc		243,946
73,119		Sterling Financial Corp		212,776
13,648		Suffolk Bancorp		349,935
77,703	*	Sun Bancorp, Inc		402,502
169,621		Susquehanna Bancshares, Inc		829,447

47

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
17,960	*	SVB Financial Group	$	488,871
30,500	*	The Bancorp, Inc		183,000
9,192		Tompkins Trustco, Inc		440,756
30,100		Trico Bancshares		466,550
130,874		Trustco Bank Corp NY		773,465
10,696		Trustmark Corp		206,647
50,616		UMB Financial Corp		1,923,914
58,453		Umpqua Holdings Corp		453,595
10,000		Union Bankshares Corp		149,700
20,728		United Community Banks, Inc		124,162
42,558		United Financial Bancorp, Inc		588,152
5,400		Washington Trust Bancorp, Inc		96,282
14,300		WesBanco, Inc		207,922
9,893		Westamerica Bancorporation		490,792
44,280		Westfield Financial, Inc		401,177
97,162		Wilshire Bancorp, Inc		558,682
20,827		Wintrust Financial Corp		334,898
		TOTAL DEPOSITORY INSTITUTIONS		35,785,061
EATING AND DRINKING PLACES - 2.14%
34,950	*	AFC Enterprises		235,913
68,884		Bob Evans Farms, Inc		1,979,726
54,200	*	California Pizza Kitchen, Inc		720,318
60,289	*	CEC Entertainment, Inc		1,777,320
101,700	*	Cheesecake Factory		1,759,410
61,071		CKE Restaurants, Inc		517,882
210,903	*	Denny's Corp		453,441
6,800	*	Einstein Noah Restaurant Group, Inc		58,820
9,277		O'Charleys, Inc		85,812
45,728	*	Papa John's International, Inc		1,133,597
42,700	*	PF Chang's China Bistro, Inc		1,368,962
8,372	*	Red Robin Gourmet Burgers, Inc		156,975
11,900	*	Texas Roadhouse, Inc (Class A)		129,829
139,200		Wendy's/Arby's Group, Inc (Class A)		556,800
		TOTAL EATING AND DRINKING PLACES		10,934,805
EDUCATIONAL SERVICES - 0.38%
19,097	*	American Public Education, Inc		756,432
70,951	*	Corinthian Colleges, Inc		1,201,200
5	*	Lincoln Educational Services Corp		105
		TOTAL EDUCATIONAL SERVICES		1,957,737
ELECTRIC, GAS, AND SANITARY SERVICES - 4.62%
118,239		Avista Corp		2,105,837
22,230		California Water Service Group		818,953
9,800		Chesapeake Utilities Corp		318,794
16,544	*	Clean Harbors, Inc		893,211
94,600	*	El Paso Electric Co		1,320,616
49,361		Empire District Electric Co		815,444
22,500		EnergySolutions, Inc		207,000
15,900	*	Heritage-Crystal Clean, Inc		193,185
36,230		Idacorp, Inc		947,052

48

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
70,329		Laclede Group, Inc	$	2,329,999
5,300		MGE Energy, Inc		177,815
49,925		New Jersey Resources Corp		1,849,222
52,930		Nicor, Inc		1,832,437
101,630		NorthWestern Corp		2,313,099
45,100	*	Pike Electric Corp		543,455
82,400		PNM Resources, Inc		882,504
32,800		South Jersey Industries, Inc		1,144,392
77,627		Southwest Gas Corp		1,724,096
62,203		UIL Holdings Corp		1,396,457
23,400	*	Waste Connections, Inc		606,294
6,300	*	Waste Services, Inc		32,634
37,224		WGL Holdings, Inc		1,191,912
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		23,644,408
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 9.00%
11,600	*	Actel Corp		124,468
192,610	*	Applied Micro Circuits Corp		1,565,919
237,376	*	Arris Group, Inc		2,886,493
23,700	*	AZZ, Inc		815,517
87,545	*	Benchmark Electronics, Inc		1,260,648
87,500	*	BigBand Networks, Inc		452,375
30,066	*	Ceradyne, Inc		530,966
10,057	*	Checkpoint Systems, Inc		157,794
6,627	*	Comtech Telecommunications Corp		211,269
66,598		CTS Corp		436,217
25,540		Cubic Corp		914,077
43,800	*	DDi Corp		198,414
136,367	*	EnerSys		2,480,516
66,880	*	Exar Corp		480,867
272,644	*	Exide Technologies		1,016,962
56,600	*	GSI Technology, Inc		218,476
179,443	*	GT Solar International, Inc		954,637
144,500	*	Harmonic, Inc		851,105
10,700	*	Harris Stratex Networks, Inc (Class A)		69,336
49,000	*	Intellon Corp		208,250
44,050	*	InterDigital, Inc		1,076,582
38,700		IXYS Corp		391,644
287,920	*	Lattice Semiconductor Corp		541,290
54,700	*	MEMSIC, Inc		231,928
76,865		Methode Electronics, Inc		539,592
114,100	*	Microsemi Corp		1,574,580
97,709	*	Microtune, Inc		228,639
14,946	*	MIPS Technologies, Inc		44,838
64,845	*	Multi-Fineline Electronix, Inc		1,387,683
61,844	*	Omnivision Technologies, Inc		642,559
132,500	*	Openwave Systems, Inc		296,800
42,391	*	Oplink Communications, Inc		483,257
57,879	*	OSI Systems, Inc		1,206,777
84,040	*	Pericom Semiconductor Corp		707,617
46,600	*	Photronics, Inc		188,730
88,400		Plantronics, Inc		1,671,644

49

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
57,988	*	Plexus Corp	$	1,186,434
92,090	*	PMC - Sierra, Inc		733,036
63,555	*	Polycom, Inc		1,288,260
25,894	*	Powell Industries, Inc		959,891
13,900		Raven Industries, Inc		355,840
10,812		Regal-Beloit Corp		429,453
57,353	*	Seachange International, Inc		460,545
63,590	*	Semtech Corp		1,011,717
168,032	*	Silicon Image, Inc		386,474
191,289	*	Silicon Storage Technology, Inc		357,710
207,650	*	Skyworks Solutions, Inc		2,030,817
34,556	*	Starent Networks Corp		843,512
44,030	*	Symmetricom, Inc		254,053
28,685	*	Synaptics, Inc		1,108,675
60,600	*	Tekelec		1,019,898
106,512	*	Tessera Technologies, Inc		2,693,689
68,600	*	Trident Microsystems, Inc		119,364
163,424	*	Triquint Semiconductor, Inc		867,781
51,567	*	TTM Technologies, Inc		410,473
22,332	*	Universal Electronics, Inc		450,436
77,600	*	Utstarcom, Inc		126,488
11,300	*	Viasat, Inc		289,732
2,339	*	Volterra Semiconductor Corp		30,734
49,600	*	White Electronic Designs Corp		229,648
120,609	*	Zoran Corp		1,314,638
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		46,007,764
ENGINEERING AND MANAGEMENT SERVICES - 2.57%
16,000	*	Affymax, Inc		294,880
10,134	*	Ariad Pharmaceuticals, Inc		16,113
94,800	*	Celera Corp		723,324
4,131	*	Exelixis, Inc		20,118
34,109	*	Exponent, Inc		836,012
20,500	*	Furmanite Corp		91,430
8,841	*	Incyte Corp		29,087
40,900	*	Infinity Pharmaceuticals, Inc		238,856
149,300	*	Insmed, Inc		149,300
116,960	*	Isis Pharmaceuticals, Inc		1,929,839
36,181	*	Luminex Corp		670,796
1,200		MAXIMUS, Inc		49,500
115,451	*	Maxygen, Inc		775,831
35,500		MedQuist, Inc		215,840
26,032	*	Michael Baker Corp		1,102,716
20,640	*	Myriad Genetics, Inc		735,816
72,772	*	Regeneron Pharmaceuticals, Inc		1,304,074
71,029	*	Repligen Corp		390,660
85,957	*	Seattle Genetics, Inc		835,502
46,227	*	Tetra Tech, Inc		1,324,403
3,900		VSE Corp		102,024
35,191		Watson Wyatt & Co Holdings (Class A)		1,320,718
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		13,156,839

50

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
FABRICATED METAL PRODUCTS - 1.59%
78,282	*	Bway Holding Co	$	1,372,283
83,953	*	Chart Industries, Inc		1,526,266
83,840		CIRCOR International, Inc		1,979,462
49,526		Gulf Island Fabrication, Inc		783,997
14,800	*	Hawk Corp		204,980
28,147		Silgan Holdings, Inc		1,380,047
142,000	*	Smith & Wesson Holding Corp		806,560
7,316		Sturm Ruger & Co, Inc		91,011
		TOTAL FABRICATED METAL PRODUCTS		8,144,606
FISHING, HUNTING, AND TRAPPING - 0.07%
36,681	*	HQ Sustainable Maritime Industries, Inc		335,631
		TOTAL FISHING, HUNTING, AND TRAPPING		335,631
FOOD AND KINDRED PRODUCTS - 1.21%
265	*	Central Garden & Pet Co		2,912
6,383		Coca-Cola Bottling Co Consolidated		351,895
147,153	*	Darling International, Inc		971,210
32,495		Flowers Foods, Inc		709,691
28,417		J&J Snack Foods Corp		1,020,170
23,100		Lancaster Colony Corp		1,018,017
16,400		Lance, Inc		379,332
36,800	*	Matrixx Initiatives, Inc		205,712
16,911	*	National Beverage Corp		180,102
38,580	*	Peet's Coffee & Tea, Inc		972,216
8,700		Sanderson Farms, Inc		391,500
		TOTAL FOOD AND KINDRED PRODUCTS		6,202,757
FOOD STORES - 0.85%
31,300	*	Great Atlantic & Pacific Tea Co, Inc		133,025
7,143		Ingles Markets, Inc (Class A)		108,859
75,721	*	Pantry, Inc		1,256,969
30,836		Ruddick Corp		722,487
8,000		Village Super Market (Class A)		238,000
41,232		Weis Markets, Inc		1,382,097
38,727	*	Winn-Dixie Stores, Inc		485,637
		TOTAL FOOD STORES		4,327,074
FURNITURE AND FIXTURES - 0.30%
26,400		Furniture Brands International, Inc		79,992
42,270		Herman Miller, Inc		648,422
30,627		Kimball International, Inc (Class B)		191,112
25,100		La-Z-Boy, Inc		118,472
28,500	*	Sealy Corp		55,860
32,000		Tempur-Pedic International, Inc		418,240
		TOTAL FURNITURE AND FIXTURES		1,512,098
FURNITURE AND HOME FURNISHINGS STORES - 0.36%
182,425		Knoll, Inc		1,382,781
219,310	*	Pier 1 Imports, Inc		436,427

51

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
		TOTAL FURNITURE AND HOME FURNISHINGS STORES	$	1,819,208
GENERAL BUILDING CONTRACTORS - 0.62%
12,000		Brookfield Homes Corp		48,000
71,310	*	Hovnanian Enterprises, Inc (Class A)		168,292
35,200	*	M/I Homes, Inc		344,608
29,500	*	Meritage Homes Corp		556,370
65,923	*	Perini Corp		1,144,423
44,409		Ryland Group, Inc		744,295
93,300	*	Standard-Pacific Corp		189,399
		TOTAL GENERAL BUILDING CONTRACTORS		3,195,387
GENERAL MERCHANDISE STORES - 0.93%
167,348	*	99 Cents Only Stores		2,272,586
44,700		Casey's General Stores, Inc		1,148,343
35,411	*	Conn's, Inc		442,638
53,500		Dillard's, Inc (Class A)		492,200
16,244		Fred's, Inc (Class A)		204,674
87,577	*	Retail Ventures, Inc		190,918
		TOTAL GENERAL MERCHANDISE STORES		4,751,359
HEALTH SERVICES - 1.10%
30,000	*	Amedisys, Inc		990,601
16,400	*	America Service Group, Inc		263,548
52,382	*	China Sky One Medical, Inc		706,109
79,100	*	Continucare Corp		184,303
114,854	*	CryoLife, Inc		636,291
16,700	*	Genomic Health, Inc		289,411
1,026	*	Genoptix, Inc		32,822
27,342	*	Gentiva Health Services, Inc		450,049
120,184	*	Immunomedics, Inc		305,267
22,200	*	LHC Group, Inc		493,062
18,796	*	Life Sciences Research, Inc		134,767
36,000	*	Nighthawk Radiology Holdings, Inc		133,200
54,629	*	Odyssey HealthCare, Inc		561,586
22,055	*	Skilled Healthcare Group, Inc (Class A)		165,413
30,100	*	Sun Healthcare Group, Inc		254,044
		TOTAL HEALTH SERVICES		5,600,473
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.56%
28,378		Granite Construction, Inc		944,420
25,240	*	LB Foster Co (Class A)		758,967
101,543	*	Matrix Service Co		1,165,713
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		2,869,100
HOLDING AND OTHER INVESTMENT OFFICES - 6.11%
59,645		Agree Realty Corp		1,093,293
180,700		Allied Capital Corp		628,836
24,774		American Campus Communities, Inc		549,487
85,300		Anworth Mortgage Asset Corp		615,013
397,502		Ashford Hospitality Trust, Inc		1,116,981

52

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
27,500		Associated Estates Realty Corp	$	163,900
72,800		Capstead Mortgage Corp		925,288
262,149		Cedar Shopping Centers, Inc		1,184,913
4,670		Corporate Office Properties Trust		136,971
28,300		Danvers Bancorp, Inc		380,635
140,790		DiamondRock Hospitality Co		881,345
18,285		EastGroup Properties, Inc		603,771
60,514		Education Realty Trust, Inc		259,605
13,600		Entertainment Properties Trust		280,160
22,300		Equity Lifestyle Properties, Inc		829,114
30,800		Extra Space Storage, Inc		257,180
103,041		FelCor Lodging Trust, Inc		253,481
38,400		First Potomac Realty Trust		374,400
25,576		Getty Realty Corp		482,619
22,000		Gladstone Commercial Corp		285,120
117,604		Glimcher Realty Trust		341,052
41,839		Hersha Hospitality Trust		103,761
29,300		Highwoods Properties, Inc		655,441
41,293		iShares Russell 2000 Index Fund		2,104,290
32,400		Kilroy Realty Corp		665,496
7,152		Kite Realty Group Trust		20,884
95,119		LTC Properties, Inc		1,945,184
153,000		MFA Mortgage Investments, Inc		1,058,760
19,251		Mid-America Apartment Communities, Inc		706,704
49,926		Mission West Properties, Inc		340,995
37,899		National Retail Properties, Inc		657,548
30,900		Parkway Properties, Inc		401,700
40,040		Potlatch Corp		972,572
94,724		Prospect Capital Corp		871,461
53,611		PS Business Parks, Inc		2,596,916
32,850		Realty Income Corp		720,072
77,783		Resource Capital Corp		248,906
4,450		Saul Centers, Inc		131,587
45,650		Senior Housing Properties Trust		745,008
71,844		Sovran Self Storage, Inc		1,767,362
551		Sun Communities, Inc		7,593
200,718		Sunstone Hotel Investors, Inc		1,073,841
11,952		Tanger Factory Outlet Centers, Inc		387,603
14,613		Urstadt Biddle Properties, Inc (Class A)		205,751
245,022		U-Store-It Trust		1,200,608
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		31,233,207
HOTELS AND OTHER LODGING PLACES - 0.32%
30,000		Ameristar Casinos, Inc		570,900
13,370	*	Isle of Capri Casinos, Inc		178,088
32,150	*	Vail Resorts, Inc		862,263
		TOTAL HOTELS AND OTHER LODGING PLACES		1,611,251
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.63%
22,243	*	3PAR, Inc		275,813
11,800		Alamo Group, Inc		119,180
243,812	*	Allis-Chalmers Energy, Inc		563,206

53

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
61,478	*	Altra Holdings, Inc	$	460,470
41,579		Ampco-Pittsburgh Corp		975,028
12,667		Black Box Corp		423,964
10,500	*	Bolt Technology Corp		118,020
237,025	*	Cirrus Logic, Inc		1,066,613
10,500	*	Colfax Corp		81,060
41,323	*	Columbus McKinnon Corp		522,736
16,210	*	Cray, Inc		127,735
16,376	*	Dril-Quip, Inc		623,926
31,172	*	Emulex Corp		304,862
52,274	*	ENGlobal Corp		257,188
96,964	*	EnPro Industries, Inc		1,746,321
279,173	*	Entegris, Inc		759,351
292,240	*	Extreme Networks, Inc		584,480
16,767	*	Intermec, Inc		216,294
13,612	*	Kadant, Inc		153,679
99,192	*	Kulicke & Soffa Industries, Inc		340,229
29,356	*	Micros Systems, Inc		743,294
151,862		Modine Manufacturing Co		728,938
111,185	*	Netezza Corp		925,059
32,350	*	Netgear, Inc		466,164
351,300	*	Quantum Corp		291,579
74,280	*	Riverbed Technology, Inc		1,722,552
90,426		Robbins & Myers, Inc		1,740,700
73,181		Sauer-Danfoss, Inc		448,600
31,425		Standex International Corp		364,530
56,375	*	Super Micro Computer, Inc		431,833
50,000		Woodward Governor Co		990,000
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		18,573,404
INSTRUMENTS AND RELATED PRODUCTS - 5.25%
8,200	*	Accuray, Inc		54,694
15,700	*	Align Technology, Inc		166,420
48,600	*	American Medical Systems Holdings, Inc		767,880
10,900		American Science & Engineering, Inc		753,408
9,022	*	Bio-Rad Laboratories, Inc (Class A)		680,981
60,053	*	Bruker BioSciences Corp		556,091
80,674	*	Cantel Medical Corp		1,309,339
1,209	*	Coherent, Inc		25,002
1,866	*	Conmed Corp		28,960
41,170	*	Cyberonics, Inc		684,657
31,996	*	Cynosure, Inc (Class A)		244,769
59,085	*	Depomed, Inc		192,026
15,020	*	Dionex Corp		916,671
34,060	*	DXP Enterprises, Inc		390,668
239,000		Eastman Kodak Co		707,440
79,622	*	Fossil, Inc		1,917,297
26,300	*	Haemonetics Corp		1,499,100
24,514	*	Hanger Orthopedic Group, Inc		333,145
56,239	*	I-Flow Corp		390,299
94,050		Invacare Corp		1,659,983
8,300	*	IRIS International, Inc		97,940

54

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
61,400	*	ISTA Pharmaceuticals, Inc	$	257,880
42,932	*	Kensey Nash Corp		1,125,248
51,179	*	Kopin Corp		187,827
11,300	*	LaBarge, Inc		104,751
38,700	*	Masimo Corp		933,057
77,401	*	Merit Medical Systems, Inc		1,261,636
3,727		Mine Safety Appliances Co		89,821
48,029		MTS Systems Corp		991,799
1,558	*	NuVasive, Inc		69,487
15,305	*	Orthofix International NV		382,778
149,700	*	RAE Systems, Inc		206,586
41,725	*	SonoSite, Inc		837,004
121,194		STERIS Corp		3,160,739
53,912	*	Symmetry Medical, Inc		502,460
47,029	*	Teledyne Technologies, Inc		1,540,200
20,790	*	Thoratec Corp		556,756
29,859	*	Varian, Inc		1,177,340
3,534	*	Zoll Medical Corp		68,348
3,352	*	Zygo Corp		15,620
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		26,846,107
INSURANCE AGENTS, BROKERS AND SERVICE - 0.11%
113,987	*	Crawford & Co (Class B)		547,138
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		547,138
INSURANCE CARRIERS - 3.76%
2,800	*	American Safety Insurance Holdings Ltd		38,108
78,645	*	Amerisafe, Inc		1,223,716
76,137	*	Argo Group International Holdings Ltd		2,148,585
33,292		Aspen Insurance Holdings Ltd		743,743
142,826		Assured Guaranty Ltd		1,768,186
47,500	*	Catalyst Health Solutions, Inc		1,184,650
64,475	*	Centene Corp		1,288,211
82,734	*	CNA Surety Corp		1,116,082
207,000	*	Conseco, Inc		490,590
51,387	*	Hallmark Financial Services		367,417
2,798	*	Healthspring, Inc		30,386
30,600		Maiden Holdings Ltd		200,736
32,076		Max Re Capital Ltd		592,123
197,369		Meadowbrook Insurance Group, Inc		1,288,820
103,900	*	Metropolitan Health Networks, Inc		208,839
185,000		MGIC Investment Corp		814,000
77,103	*	Molina Healthcare, Inc		1,844,304
2,300		National Interstate Corp		34,914
17,271		Odyssey Re Holdings Corp		690,495
47,108	*	PMA Capital Corp (Class A)		214,341
2,031		Presidential Life Corp		15,375
620	*	ProAssurance Corp		28,650
93,717		Radian Group, Inc		254,910
2,179		Safety Insurance Group, Inc		66,590
45,000	*	SeaBright Insurance Holdings, Inc		455,850
11,735		State Auto Financial Corp		205,363

55

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
7,000		Tower Group, Inc	$	173,460
112,286	*	Universal American Financial Corp		979,134
33,950		Validus Holdings Ltd		746,221
		TOTAL INSURANCE CARRIERS		19,213,799
LEATHER AND LEATHER PRODUCTS - 0.57%
23,700	*	Genesco, Inc		444,849
36,994	*	Steven Madden Ltd		941,497
20,900	*	Timberland Co (Class A)		277,343
57,158		Wolverine World Wide, Inc		1,260,906
		TOTAL LEATHER AND LEATHER PRODUCTS		2,924,595
LEGAL SERVICES - 0.13%
15,106	*	Pre-Paid Legal Services, Inc		658,471
		TOTAL LEGAL SERVICES		658,471
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.49%
68,110	*	Emergency Medical Services Corp (Class A)		2,507,810
		TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		2,507,810
METAL MINING - 0.22%
43,029	*	Coeur d'Alene Mines Corp		529,257
135,000	*	Hecla Mining Co		361,800
5,700		Royal Gold, Inc		237,690
		TOTAL METAL MINING		1,128,747
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.19%
29,140		Blyth, Inc		955,501
1,344	*	RC2 Corp		17,781
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		973,282
MISCELLANEOUS RETAIL - 1.59%
130,482	*	1-800-FLOWERS.COM, Inc (Class A)		250,525
41,600	*	Allion Healthcare, Inc		247,520
27,100		Books-A-Million, Inc		192,681
139,016	*	Borders Group, Inc		511,579
46,937		Cash America International, Inc		1,097,856
8,432	*	CKX, Inc		59,783
119,453	*	Ezcorp, Inc (Class A)		1,287,703
62,900	*	HSN, Inc		664,853
60,578	*	Jo-Ann Stores, Inc		1,252,147
26,688		Nutri/System, Inc		386,976
29,300	*	PC Connection, Inc		153,825
43,666		Systemax, Inc		520,062
33,777		World Fuel Services Corp		1,392,627
37,500	*	Zale Corp		129,000
		TOTAL MISCELLANEOUS RETAIL		8,147,137
MOTION PICTURES - 0.24%
26,800	*	Carmike Cinemas, Inc		224,584
53,085		Cinemark Holdings, Inc		600,922

56

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES		COMPANY	VALUE
30,303		National CineMedia, Inc	$	416,969
		TOTAL MOTION PICTURES		1,242,475
NONDEPOSITORY INSTITUTIONS - 0.95%
109,415		Advance America Cash Advance Centers, Inc		484,708
306,188		Apollo Investment Corp		1,837,129
57,900		Ares Capital Corp		466,674
7,254		BlackRock Kelso Capital Corp		45,192
151,309	*	Boise, Inc		260,251
68,275		Chimera Investment Corp		238,280
9,507	*	Doral Financial Corp		23,768
25,600		Kohlberg Capital Corp		161,792
7,291		NGP Capital Resources Co		42,798
1,723	*	PHH Corp		31,324
63,700	*	World Acceptance Corp		1,268,267
		TOTAL NONDEPOSITORY INSTITUTIONS		4,860,183
NONMETALLIC MINERALS, EXCEPT FUELS - 0.14%
13,440		Compass Minerals International, Inc		737,990
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		737,990
OIL AND GAS EXTRACTION - 2.73%
21,535	*	Approach Resources, Inc		148,592
24,600	*	Arena Resources, Inc		783,510
39,774	*	Basic Energy Services, Inc		271,656
30,000		Berry Petroleum Co (Class A)		557,700
39,503	*	Bill Barrett Corp		1,084,752
40,052	*	Cal Dive International, Inc		345,649
29,642	*	Clayton Williams Energy, Inc		559,345
135,006	*	Complete Production Services, Inc		858,638
17,000	*	Concho Resources, Inc		487,730
37,371	*	Dawson Geophysical Co		1,115,524
88,200	*	Delta Petroleum Corp		170,226
270,802	*	Endeavour International Corp		368,291
18,000	*	Georesources, Inc		183,600
4,500	*	Gulfport Energy Corp		30,825
46,100	*	Hercules Offshore, Inc		183,017
169,917	*	McMoRan Exploration Co		1,012,705
13,900		Panhandle Oil and Gas, Inc (Class A)		272,857
143,495	*	Parker Drilling Co		622,768
52,501		Penn Virginia Corp		859,441
22,000	*	Petroleum Development Corp		345,180
39,000	*	Pioneer Drilling Co		186,810
35,047	*	Stone Energy Corp		260,049
21,457	*	Superior Well Services, Inc		127,669
42,200	*	TGC Industries, Inc		205,514
22,000	*	Union Drilling, Inc		145,640
188,841	*	Vaalco Energy, Inc		798,797
23,972	*	Venoco, Inc		183,865
144,821	*	Willbros Group, Inc		1,811,712
		TOTAL OIL AND GAS EXTRACTION		13,982,062

57

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES		COMPANY	VALUE
PAPER AND ALLIED PRODUCTS - 1.02%
44,755	*	Buckeye Technologies, Inc	$	200,950
37,800	*	Domtar Corporation		626,724
130,897		Glatfelter		1,164,983
34,723		Rock-Tenn Co (Class A)		1,325,030
65,229		Schweitzer-Mauduit International, Inc		1,774,881
21,382		Wausau Paper Corp		143,687
		TOTAL PAPER AND ALLIED PRODUCTS		5,236,255
PERSONAL SERVICES - 0.19%
31,300	*	Steiner Leisure Ltd		955,589
		TOTAL PERSONAL SERVICES		955,589
PETROLEUM AND COAL PRODUCTS - 0.59%
21,500		Alon USA Energy, Inc		222,525
110,043	*	CVR Energy, Inc		806,615
31,800		Delek US Holdings, Inc		269,664
348,653	*	Gran Tierra Energy, Inc		1,202,853
72,100	*	Western Refining, Inc		509,026
		TOTAL PETROLEUM AND COAL PRODUCTS		3,010,683
PRIMARY METAL INDUSTRIES - 1.13%
68,294		Belden CDT, Inc		1,140,510
58,000	*	Century Aluminum Co		361,340
73,280		Encore Wire Corp		1,564,528
24,766	*	Haynes International, Inc		586,954
23,600	*	Horsehead Holding Corp		175,820
54,964		Mueller Industries, Inc		1,143,251
62,300		Worthington Industries, Inc		796,817
		TOTAL PRIMARY METAL INDUSTRIES		5,769,220
PRINTING AND PUBLISHING - 0.48%
43,159	*	Consolidated Graphics, Inc		751,829
20,923		CSS Industries, Inc		426,411
9,453		Ennis, Inc		117,784
104,200		EW Scripps Co (Class A)		217,778
65,925		Standard Register Co		214,916
16,700	*	VistaPrint Ltd		712,255
		TOTAL PRINTING AND PUBLISHING		2,440,973
REAL ESTATE - 0.22%
70,137		DuPont Fabros Technology, Inc		660,690
60,634	*	LoopNet, Inc		469,914
1		Stewart Enterprises, Inc (Class A)		5
		TOTAL REAL ESTATE		1,130,609
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.52%
80,136		A. Schulman, Inc		1,210,855
19,600	*	Deckers Outdoor Corp		1,377,292
9,900		Spartech Corp		90,981
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		2,679,128

58

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES		COMPANY	VALUE
SECURITY AND COMMODITY BROKERS - 1.28%
47,864		Duff & Phelps Corp	$	851,022
339,947	*	E*Trade Financial Corp		435,132
10,900		Evercore Partners, Inc (Class A)		214,076
9,900		Fifth Street Finance Corp		99,396
109,735		GFI Group, Inc		739,614
98,700	*	Knight Capital Group, Inc (Class A)		1,682,834
9,000		Oppenheimer Holdings, Inc		190,530
16,450	*	Stifel Financial Corp		791,081
111,913		SWS Group, Inc		1,563,425
		TOTAL SECURITY AND COMMODITY BROKERS		6,567,110
SOCIAL SERVICES - 0.01%
2,613	*	Res-Care, Inc		37,366
		TOTAL SOCIAL SERVICES		37,366
SPECIAL TRADE CONTRACTORS - 1.19%
49,988	*	AsiaInfo Holdings, Inc		860,293
5,500		Chemed Corp		217,140
109,689		Comfort Systems USA, Inc		1,124,312
148,022	*	Dycom Industries, Inc		1,638,604
111,970	*	EMCOR Group, Inc		2,252,837
		TOTAL SPECIAL TRADE CONTRACTORS		6,093,186
STONE, CLAY, AND GLASS PRODUCTS - 0.31%
73,000		Apogee Enterprises, Inc		897,900
19,900		CARBO Ceramics, Inc		680,580
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		1,578,480
TRANSPORTATION BY AIR - 0.98%
117,200	*	Air Transport Services Group, Inc		271,904
53,274	*	Alaska Air Group, Inc		972,783
35,530	*	Allegiant Travel Co		1,408,409
250,572	*	Hawaiian Holdings, Inc		1,508,444
1,020	*	PHI, Inc		17,483
79,691		Skywest, Inc		812,848
		TOTAL TRANSPORTATION BY AIR		4,991,871
TRANSPORTATION EQUIPMENT - 2.60%
236,740		ArvinMeritor, Inc		1,039,289
63,630	*	ATC Technology Corp		922,635
194,992		Brunswick Corp		842,365
102,477	*	Cogo Group, Inc		611,788
162,362	*	Dana Holding Corp		207,823
45,061		Ducommun, Inc		846,696
19,329		Federal Signal Corp		147,867
78,600	*	Force Protection, Inc		694,824
6,781		Heico Corp		245,879
36,777		Kaman Corp		614,176
14,200	*	LMI Aerospace, Inc		143,704

59

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
60,300	*	Orbital Sciences Corp	$	914,751
36,052		Polaris Industries, Inc		1,157,990
108,320		Spartan Motors, Inc		1,227,266
57,600	*	Tenneco, Inc		610,560
8,517	*	TransDigm Group, Inc		308,315
51,516		Triumph Group, Inc		2,060,640
22,200		Westinghouse Air Brake Technologies Corp		714,174
		TOTAL TRANSPORTATION EQUIPMENT		13,310,742
TRANSPORTATION SERVICES - 0.22%
16,749	*	Dynamex, Inc		257,767
42,877	*	Hub Group, Inc (Class A)		884,981
		TOTAL TRANSPORTATION SERVICES		1,142,748
TRUCKING AND WAREHOUSING - 0.72%
50,129	*	Marten Transport Ltd		1,040,678
71,129	*	Saia, Inc		1,281,033
16,900	*	USA Truck, Inc		228,657
63,200		Werner Enterprises, Inc		1,145,184
		TOTAL TRUCKING AND WAREHOUSING		3,695,552
WATER TRANSPORTATION - 0.27%
23,759	*	American Commercial Lines, Inc		367,789
34,300		Genco Shipping & Trading Ltd		744,996
7,932		International Shipholding Corp		213,847
12,900	*	Ultrapetrol Bahamas Ltd		57,147
		TOTAL WATER TRANSPORTATION		1,383,779
WHOLESALE TRADE-DURABLE GOODS - 1.67%
21,019		Applied Industrial Technologies, Inc		414,074
17,052	*	Beacon Roofing Supply, Inc		246,572
79,184		Castle (A.M.) & Co		956,543
36,549		Houston Wire & Cable Co		435,299
7,900	*	Insight Enterprises, Inc		76,314
47,275		Knight Transportation, Inc		782,401
28,994	*	MWI Veterinary Supply, Inc		1,010,731
53,736		Owens & Minor, Inc		2,354,711
95,141	*	PSS World Medical, Inc		1,761,060
20,000	*	Solera Holdings, Inc		508,000
		TOTAL WHOLESALE TRADE-DURABLE GOODS		8,545,705
WHOLESALE TRADE-NONDURABLE GOODS - 1.46%
29,647		Aceto Corp		197,745
150,546	*	Alliance One International, Inc		572,075
60,300	*	BioScrip, Inc		356,976
17,627	*	Core-Mark Holding Co, Inc		459,360
53,127	*	LSB Industries, Inc		859,064
3,015		Nash Finch Co		81,586
71,318		Nu Skin Enterprises, Inc (Class A)		1,091,165
39,993		Spartan Stores, Inc		496,313
32,100	*	Tractor Supply Co		1,326,372

60

TIAA-CREF FUNDS- Small-Cap Equity Fund
SHARES		COMPANY	VALUE
54,612	*	United Stationers, Inc	$	1,904,867
12,989	*	Zhongpin, Inc		134,566
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		7,480,089
		TOTAL COMMON STOCKS		512,525,265
		(Cost $566,807,719)
		TOTAL INVESTMENTS - 100.23%		512,525,265
		(Cost $566,807,719)
		OTHER ASSETS AND LIABILITIES, NET - (0.23)%		(1,150,953	)
		NET ASSETS - 100.00%	$	511,374,312
	*	Non-income producing.

61

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
TIAA-CREF FUNDS
LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.78%
AMUSEMENT AND RECREATION SERVICES - 0.18%
26,516	*	Electronic Arts, Inc	$	575,928
831	*	Warner Music Group Corp		4,861
3,592	*	WMS Industries, Inc		113,184
		TOTAL AMUSEMENT AND RECREATION SERVICES		693,973
APPAREL AND ACCESSORY STORES - 0.89%
3,688		Abercrombie & Fitch Co (Class A)		93,638
5,548	*	Aeropostale, Inc		190,130
14,036		American Eagle Outfitters, Inc		198,890
13,669	*	Chico's FAS, Inc		132,999
5,645		Foot Locker, Inc		59,103
35,071		Gap, Inc		575,165
8,024	*	Hanesbrands, Inc		120,440
23,489	*	Kohl's Corp		1,004,156
14,662		Limited Brands, Inc		175,504
13,723		Nordstrom, Inc		272,950
10,572		Ross Stores, Inc		408,079
10,570	*	Urban Outfitters, Inc		220,596
		TOTAL APPAREL AND ACCESSORY STORES		3,451,650
APPAREL AND OTHER TEXTILE PRODUCTS - 0.53%
4,539		Guess ?, Inc		117,015
29,731		Nike, Inc (Class B)		1,539,472
2,820		Phillips-Van Heusen Corp		80,906
4,354		Polo Ralph Lauren Corp (Class A)		233,113
1,638		VF Corp		90,663
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		2,061,169
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.40%
7,837		Advance Auto Parts		325,157
574	*	Autonation, Inc		9,959
2,642	*	Autozone, Inc		399,232
12,948	*	Carmax, Inc		190,336
5,489	*	Copart, Inc		190,304
11,160	*	O'Reilly Automotive, Inc		424,972
1,137		Penske Auto Group, Inc		18,920
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		1,558,880
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.34%
10,863		Fastenal Co		360,326
9,069		Home Depot, Inc		214,300
38,197		Lowe's Cos, Inc		741,404
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		1,316,030

62

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
BUSINESS SERVICES - 13.46%
3,924		Aaron Rents, Inc	$	117,014
26,741	*	Activision Blizzard, Inc		337,739
43,036	*	Adobe Systems, Inc		1,217,919
4,527	*	Affiliated Computer Services, Inc (Class A)		201,089
14,211	*	Akamai Technologies, Inc		272,567
4,781	*	Alliance Data Systems Corp		196,929
2,376	*	Amdocs Ltd		50,965
7,207	*	Ansys, Inc		224,570
12,868	*	Autodesk, Inc		244,235
41,166		Automatic Data Processing, Inc		1,458,923
15,222	*	BMC Software, Inc		514,351
3,741		Brink's Co		108,601
3,760	*	Brink's Home Security Holdings, Inc		106,446
24,820		CA, Inc		432,613
21,656	*	Cadence Design Systems, Inc		127,770
5,500	*	Cerner Corp		342,595
14,892	*	Citrix Systems, Inc		474,906
24,033	*	Cognizant Technology Solutions Corp (Class A)		641,681
1,046	*	Convergys Corp		9,707
2,690	*	DST Systems, Inc		99,396
21,687	*	eBay, Inc		371,498
8,124		Equifax, Inc		212,036
13,753	*	Expedia, Inc		207,808
6,374	*	F5 Networks, Inc		220,477
3,431		Factset Research Systems, Inc		171,104
5,926		Fidelity National Information Services, Inc		118,283
12,805	*	Fiserv, Inc		585,189
19,705	*	Google, Inc (Class A)		8,307,431
8,531	*	HLTH Corp		111,756
3,927	*	IHS, Inc (Class A)		195,839
3,373		IMS Health, Inc		42,837
1,397		Interactive Data Corp		32,327
26,586	*	Intuit, Inc		748,662
14,839	*	Iron Mountain, Inc		426,621
43,039	*	Juniper Networks, Inc		1,015,720
7,003		Mastercard, Inc (Class A)		1,171,672
12,782	*	McAfee, Inc		539,273
634,170		Microsoft Corp		15,074,222
6,398	*	Monster Worldwide, Inc		75,560
15,432		Moody's Corp		406,633
13,034	*	NCR Corp		154,192
3,477	*	NetFlix, Inc		143,739
12,861	*	Novell, Inc		58,260
16,242	*	Nuance Communications, Inc		196,366
25,576		Omnicom Group, Inc		807,690
314,462		Oracle Corp		6,735,776
15,440	*	Red Hat, Inc		310,807
12,569		Robert Half International, Inc		296,880
8,911	*	Salesforce.com, Inc		340,133
2,469	*	Sohu.com, Inc		155,127

63

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
6,842	*	Sybase, Inc	$	214,428
67,505	*	Symantec Corp		1,050,378
7,444	*	Synopsys, Inc		145,232
10,138		Total System Services, Inc		135,748
15,514	*	VeriSign, Inc		286,699
36,967		Visa, Inc (Class A)		2,301,565
4,221	*	VMware, Inc (Class A)		115,107
477	*	WebMD Health Corp (Class A)		14,272
91,676	*	Yahoo!, Inc		1,435,646
		TOTAL BUSINESS SERVICES		52,113,009
CHEMICALS AND ALLIED PRODUCTS - 16.48%
127,017		Abbott Laboratories		5,974,879
662	*	Abraxis Bioscience, Inc		24,401
5,954		Air Products & Chemicals, Inc		384,569
531		Albemarle Corp		13,578
5,959		Alberto-Culver Co		151,537
6,749	*	Alexion Pharmaceuticals, Inc		277,519
83,299	*	Amgen, Inc		4,409,849
1,740		Avery Dennison Corp		44,683
35,118		Avon Products, Inc		905,342
23,741	*	Biogen Idec, Inc		1,071,906
8,233	*	BioMarin Pharmaceuticals, Inc		128,517
90,612		Bristol-Myers Squibb Co		1,840,330
11,813		Celanese Corp (Series A)		280,559
37,869	*	Celgene Corp		1,811,653
6,074	*	Cephalon, Inc		344,092
3,679		CF Industries Holdings, Inc		272,761
3,622	*	Charles River Laboratories International, Inc		122,243
5,825		Church & Dwight Co, Inc		316,356
10,148		Clorox Co		566,563
41,106		Colgate-Palmolive Co		2,907,838
9,501	*	Dendreon Corp		236,100
24,552		Du Pont (E.I.) de Nemours & Co		629,022
19,456		Ecolab, Inc		758,589
43,696		Eli Lilly & Co		1,513,629
9,126		Estee Lauder Cos (Class A)		298,146
5,092		FMC Corp		240,852
22,198	*	Genzyme Corp		1,235,763
74,580	*	Gilead Sciences, Inc		3,493,327
13,209	*	Hospira, Inc		508,811
4,920	*	Idexx Laboratories, Inc		227,304
6,230		International Flavors & Fragrances, Inc		203,846
3,051	*	Inverness Medical Innovations, Inc		108,555
12,734	*	Invitrogen Corp		531,262
175,491		Johnson & Johnson		9,967,888
4,845		Lubrizol Corp		229,217
31,579		Merck & Co, Inc		882,949
44,892		Monsanto Co		3,337,271
12,976		Mosaic Co		574,837
17,935	*	Mylan Laboratories, Inc		234,052
11,367		Nalco Holding Co		191,420

64

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
3,034	*	NBTY, Inc	$	85,316
4,774	*	OSI Pharmaceuticals, Inc		134,770
8,883	*	Pactiv Corp		192,761
6,370		Perrigo Co		176,959
25,214		Praxair, Inc		1,791,959
157,038		Procter & Gamble Co		8,024,641
5,569		RPM International, Inc		78,189
113,567		Schering-Plough Corp		2,852,803
3,673		Scotts Miracle-Gro Co (Class A)		128,739
8,933	*	Sepracor, Inc		154,720
7,035		Sherwin-Williams Co		378,131
10,043		Sigma-Aldrich Corp		497,731
1,914	*	United Therapeutics Corp		159,494
5,593	*	Valeant Pharmaceuticals International		143,852
14,244	*	Vertex Pharmaceuticals, Inc		507,656
7,240	*	Warner Chilcott Ltd (Class A)		95,206
24,576		Wyeth		1,115,505
		TOTAL CHEMICALS AND ALLIED PRODUCTS		63,770,447
COAL MINING - 0.37%
5,796	*	Alpha Natural Resources, Inc		152,261
14,828		Consol Energy, Inc		503,559
5,686		Massey Energy Co		111,104
21,956		Peabody Energy Corp		662,193
		TOTAL COAL MINING		1,429,117
COMMUNICATIONS - 1.07%
32,720	*	American Tower Corp (Class A)		1,031,662
17,728		Comcast Corp (Class A)		256,879
8,597	*	Crown Castle International Corp		206,500
2,858	*	CTC Media, Inc		33,782
38,016	*	DIRECTV Group, Inc		939,375
3,123	*	Equinix, Inc		227,167
10,748		Frontier Communications Corp		76,741
6,507		Global Payments, Inc		243,752
3,946	*	IAC/InterActiveCorp		63,333
3,720	*	Leap Wireless International, Inc		122,500
20,828	*	MetroPCS Communications, Inc		277,221
6,095	*	NeuStar, Inc (Class A)		135,065
742	*	NII Holdings, Inc (Class B)		14,150
9,580	*	SBA Communications Corp (Class A)		235,093
4,292		Scripps Networks Interactive (Class A)		119,446
16,687		Windstream Corp		139,503
		TOTAL COMMUNICATIONS		4,122,169
DEPOSITORY INSTITUTIONS - 1.46%
20,123		Bank of New York Mellon Corp		589,805
558		BOK Financial Corp		21,020
1,650		Capitol Federal Financial		63,245
1,693		Commerce Bancshares, Inc		53,888
21,372		Hudson City Bancorp, Inc		284,034
7,368	*	Metavante Technologies, Inc		190,536

65

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
19,829		Northern Trust Corp	$	1,064,421
21,611		State Street Corp		1,020,039
788		TFS Financial Corp		8,369
57,913		Wells Fargo & Co		1,404,969
57,705		Western Union Co		946,362
		TOTAL DEPOSITORY INSTITUTIONS		5,646,688
EATING AND DRINKING PLACES - 2.23%
7,929		Brinker International, Inc		135,031
8,757		Burger King Holdings, Inc		151,233
2,677	*	Chipotle Mexican Grill, Inc (Class A)		214,160
11,160		Darden Restaurants, Inc		368,057
90,774		McDonald's Corp		5,218,598
60,544	*	Starbucks Corp		840,956
14,919		Tim Hortons, Inc		366,112
12,095		Wendy's/Arby's Group, Inc (Class A)		48,380
37,980		Yum! Brands, Inc		1,266,253
		TOTAL EATING AND DRINKING PLACES		8,608,780
EDUCATIONAL SERVICES - 0.45%
10,916	*	Apollo Group, Inc (Class A)		776,346
5,556	*	Career Education Corp		138,289
5,117		DeVry, Inc		256,055
3,190	*	ITT Educational Services, Inc		321,105
1,177		Strayer Education, Inc		256,715
		TOTAL EDUCATIONAL SERVICES		1,748,510
ELECTRIC, GAS, AND SANITARY SERVICES - 1.37%
44,205	*	AES Corp		513,220
8,516		Allegheny Energy, Inc		218,435
695		American Water Works Co, Inc		13,281
15,426	*	Calpine Corp		172,000
24,149		Centerpoint Energy, Inc		267,571
12,695		Constellation Energy Group, Inc		337,433
1,016		DPL, Inc		23,541
16,015		El Paso Corp		147,818
4,785		Exelon Corp		245,040
4,431		FPL Group, Inc		251,947
1,329		Integrys Energy Group, Inc		39,857
4,095		ITC Holdings Corp		185,749
8,123		NV Energy, Inc		87,647
1,608		Ormat Technologies, Inc		64,818
30,940		PPL Corp		1,019,783
8,390		Republic Services, Inc		204,800
6,933	*	Stericycle, Inc		357,257
4,831	*	Waste Connections, Inc		125,171
36,317		Waste Management, Inc		1,022,688
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		5,298,056
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 10.92%
24,170	*	Advanced Micro Devices, Inc		93,538
24,132		Altera Corp		392,869

66

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
8,843		Ametek, Inc	$	305,791
14,097		Amphenol Corp (Class A)		446,029
23,959		Analog Devices, Inc		593,704
73,404	*	Apple Computer, Inc		10,454,932
4,353	*	Avnet, Inc		91,544
853		AVX Corp		8,470
40,679	*	Broadcom Corp (Class A)		1,008,432
1,037	*	Ciena Corp		10,733
474,588	*	Cisco Systems, Inc		8,846,320
3,385		Cooper Industries Ltd (Class A)		105,104
7,319	*	Cree, Inc		215,105
11,087	*	Cypress Semiconductor Corp		102,000
4,315	*	Dolby Laboratories, Inc (Class A)		160,863
4,814	*	Energizer Holdings, Inc		251,483
4,223	*	First Solar, Inc		684,633
2,785		Harman International Industries, Inc		52,358
8,526		Harris Corp		241,797
3,593	*	Integrated Device Technology, Inc		21,702
283,547		Intel Corp		4,692,703
2,619	*	International Rectifier Corp		38,787
5,001		Intersil Corp (Class A)		62,863
9,645	*	JDS Uniphase Corp		55,169
18,176		Linear Technology Corp		424,410
38,003	*	Marvell Technology Group Ltd		442,355
21,037		Maxim Integrated Products, Inc		330,071
18,304	*	MEMC Electronic Materials, Inc		325,994
14,069		Microchip Technology, Inc		317,256
12,277	*	Micron Technology, Inc		62,122
1,468		Molex, Inc		22,827
12,092		Motorola, Inc		80,170
18,837		National Semiconductor Corp		236,404
27,285	*	NetApp, Inc		538,060
4,863	*	Novellus Systems, Inc		81,212
44,945	*	Nvidia Corp		507,429
34,614	*	ON Semiconductor Corp		237,452
9,776	*	QLogic Corp		123,960
136,176		Qualcomm, Inc		6,155,155
8,986	*	Rambus, Inc		139,193
3,656	*	Silicon Laboratories, Inc		138,709
7,879	*	Sunpower Corp (Class A)		209,897
1,389		Teleflex, Inc		62,269
104,612		Texas Instruments, Inc		2,228,236
1,365	*	Thomas & Betts Corp		39,394
5,723	*	Varian Semiconductor Equipment Associates, Inc		137,295
3,268	*	Vishay Intertechnology, Inc		22,190
22,756		Xilinx, Inc		465,588
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		42,264,577
ENGINEERING AND MANAGEMENT SERVICES - 1.47%
50,440		Accenture Ltd (Class A)		1,687,723
7,546	*	Aecom Technology Corp		241,472
11,589	*	Amylin Pharmaceuticals, Inc		156,452

67

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
14,794		Fluor Corp	$	758,784
4,946	*	Genpact Ltd		58,116
4,297	*	Gen-Probe, Inc		184,685
7,040	*	Hewitt Associates, Inc (Class A)		209,651
10,158	*	Jacobs Engineering Group, Inc		427,550
18,803	*	McDermott International, Inc		381,889
7,857	*	Myriad Genetics, Inc		280,102
26,486		Paychex, Inc		667,447
12,644	*	SAIC, Inc		234,546
5,629	*	Shaw Group, Inc		154,291
881	*	URS Corp		43,627
6,973	*	VCA Antech, Inc		186,179
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		5,672,514
FABRICATED METAL PRODUCTS - 0.27%
2,698	*	Alliant Techsystems, Inc		222,207
5,025		Ball Corp		226,929
2,087		Crane Co		46,561
13,161	*	Crown Holdings, Inc		317,707
2,245		Pentair, Inc		57,517
1,300		Snap-On, Inc		37,362
1,737		Valmont Industries, Inc		125,203
		TOTAL FABRICATED METAL PRODUCTS		1,033,486
FOOD AND KINDRED PRODUCTS - 5.04%
29,465		Archer Daniels Midland Co		788,778
11,003		Campbell Soup Co		323,708
149,688		Coca-Cola Co		7,183,528
21,609		Coca-Cola Enterprises, Inc		359,790
5,260		Flowers Foods, Inc		114,878
11,148		General Mills, Inc		624,511
20,968		H.J. Heinz Co		748,558
5,700	*	Hansen Natural Corp		175,674
7,388		Hershey Co		265,968
564		Hormel Foods Corp		19,481
20,934		Kellogg Co		974,896
10,720		McCormick & Co, Inc		348,722
1,524	*	Mead Johnson Nutrition Co		48,417
576		Molson Coors Brewing Co (Class B)		24,382
9,260		Pepsi Bottling Group, Inc		313,358
128,070		PepsiCo, Inc		7,038,727
14,209		Sara Lee Corp		138,680
740	*	Smithfield Foods, Inc		10,338
		TOTAL FOOD AND KINDRED PRODUCTS		19,502,394
FOOD STORES - 0.32%
45,245		Kroger Co		997,652
2,227	*	Panera Bread Co (Class A)		111,038
7,658	*	Whole Foods Market, Inc		145,349
		TOTAL FOOD STORES		1,254,039

68

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
FORESTRY - 0.03%
2,943		Rayonier, Inc	$	106,978
		TOTAL FORESTRY		106,978
FURNITURE AND FIXTURES - 0.09%
2,063		Hill-Rom Holdings, Inc		33,462
1,797	*	Kinetic Concepts, Inc		48,968
8,012		Leggett & Platt, Inc		122,023
13,937		Masco Corp		133,516
		TOTAL FURNITURE AND FIXTURES		337,969
FURNITURE AND HOME FURNISHINGS STORES - 0.49%
21,466	*	Bed Bath & Beyond, Inc		660,080
27,711		Best Buy Co, Inc		928,041
11,911	*	GameStop Corp (Class A)		262,161
1,305		RadioShack Corp		18,218
3,139		Williams-Sonoma, Inc		37,260
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		1,905,760
GENERAL BUILDING CONTRACTORS - 0.07%
470		KB Home		6,430
1,178		MDC Holdings, Inc		35,470
83	*	NVR, Inc		41,698
2,910		Pulte Homes, Inc		25,695
4,350		Walter Industries, Inc		157,644
		TOTAL GENERAL BUILDING CONTRACTORS		266,937
GENERAL MERCHANDISE STORES - 3.70%
774	*	Big Lots, Inc		16,277
792	*	BJ's Wholesale Club, Inc		25,526
35,713		Costco Wholesale Corp		1,632,084
11,537		Family Dollar Stores, Inc		326,497
61,876		Target Corp		2,442,246
33,831		TJX Companies, Inc		1,064,323
181,902		Wal-Mart Stores, Inc		8,811,333
		TOTAL GENERAL MERCHANDISE STORES		14,318,286
HEALTH SERVICES - 1.87%
21,777		AmerisourceBergen Corp		386,324
3,783	*	Community Health Systems, Inc		95,521
5,263	*	Covance, Inc		258,940
3,388	*	Coventry Health Care, Inc		63,389
8,507	*	DaVita, Inc		420,756
4,605	*	Edwards Lifesciences Corp		313,278
20,389	*	Express Scripts, Inc		1,401,744
20,250	*	Health Management Associates, Inc (Class A)		100,035
8,938	*	Laboratory Corp of America Holdings		605,907
4,802	*	Lincare Holdings, Inc		112,943
10,947		McKesson Corp		481,668
39,793	*	Medco Health Solutions, Inc		1,814,958
4,116		Omnicare, Inc		106,028
1,323	*	Pediatrix Medical Group, Inc		55,738

69

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
8,392		Pharmaceutical Product Development, Inc	$	194,862
12,783		Quest Diagnostics, Inc		721,345
24,817	*	Tenet Healthcare Corp		69,984
275		Universal Health Services, Inc (Class B)		13,434
		TOTAL HEALTH SERVICES		7,216,854
HOLDING AND OTHER INVESTMENT OFFICES - 2.01%
3,395	*	Affiliated Managers Group, Inc		197,555
655		Alexandria Real Estate Equities, Inc		23,442
6,265		Digital Realty Trust, Inc		224,600
790		Federal Realty Investment Trust		40,701
8,675		HCP, Inc		183,823
4,492		Health Care REIT, Inc		153,177
131,593		iShares Russell 1000 Growth Index Fund		5,399,261
6,369		Nationwide Health Properties, Inc		163,938
4,779		Plum Creek Timber Co, Inc		142,319
11,058		Public Storage, Inc		724,078
8,425		Simon Property Group, Inc		433,298
4,878		WABCO Holdings, Inc		86,341
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		7,772,533
HOTELS AND OTHER LODGING PLACES - 0.16%
759		Choice Hotels International, Inc		20,197
18,616	*	Las Vegas Sands Corp		146,322
11,575		Marriott International, Inc (Class A)		255,460
7,619	*	MGM Mirage		48,685
2,609		Starwood Hotels & Resorts Worldwide, Inc		57,920
6,475		Wyndham Worldwide Corp		78,477
		TOTAL HOTELS AND OTHER LODGING PLACES		607,061
INDUSTRIAL MACHINERY AND EQUIPMENT - 7.20%
11,190	*	Brocade Communications Systems, Inc		87,506
1,391		Bucyrus International, Inc (Class A)		39,727
1,282		Carlisle Cos, Inc		30,819
24,757		Caterpillar, Inc		817,971
5,478		Cummins, Inc		192,880
8,622		Deere & Co		344,449
141,330	*	Dell, Inc		1,940,461
4,768		Diebold, Inc		125,684
6,255		Donaldson Co, Inc		216,673
10,918		Dover Corp		361,277
6,788	*	Dresser-Rand Group, Inc		177,167
17,228	*	EMC Corp		225,687
4,594		Flowserve Corp		320,707
10,146	*	FMC Technologies, Inc		381,287
2,357		Graco, Inc		51,901
152,308		Hewlett-Packard Co		5,886,705
4,032		IDEX Corp		99,066
108,726		International Business Machines Corp		11,353,170
20,288		International Game Technology		322,579
1,481		ITT Industries, Inc		65,905
6,851		Jabil Circuit, Inc		50,834

70

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
26,889		Johnson Controls, Inc	$	584,029
7,378		Joy Global, Inc		263,542
10,400	*	Lam Research Corp		270,400
3,831		Lennox International, Inc		123,013
6,622	*	Micros Systems, Inc		167,669
3,290		Northrop Grumman Corp		150,287
9,579		Pall Corp		254,418
24,968		Raytheon Co		1,109,328
8,996	*	SanDisk Corp		132,151
5,255	*	Scientific Games Corp (Class A)		82,871
36,445		Seagate Technology, Inc		381,215
11,589	*	Teradata Corp		271,530
2,963		Toro Co		88,594
10,312	*	Varian Medical Systems, Inc		362,364
16,525	*	Western Digital Corp		437,913
4,181	*	Zebra Technologies Corp (Class A)		98,922
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		27,870,701
INSTRUMENTS AND RELATED PRODUCTS - 5.28%
28,232	*	Agilent Technologies, Inc		573,392
25,029		Allergan, Inc		1,190,880
8,168		Bard (C.R.), Inc		608,108
49,907		Baxter International, Inc		2,643,075
5,978		Beckman Coulter, Inc		341,583
19,709		Becton Dickinson & Co		1,405,449
1,581	*	Bio-Rad Laboratories, Inc (Class A)		119,334
44,062	*	Boston Scientific Corp		446,789
13,260		Danaher Corp		818,672
12,223		Dentsply International, Inc		373,046
61,666		Emerson Electric Co		1,997,978
12,280	*	Flir Systems, Inc		277,037
7,587		Garmin Ltd		180,722
1,996		Hillenbrand, Inc		33,213
2,118	*	Hologic, Inc		30,139
10,116	*	Illumina, Inc		393,917
3,110	*	Intuitive Surgical, Inc		508,983
2,953	*	Itron, Inc		162,622
91,837		Medtronic, Inc		3,204,192
2,800	*	Mettler-Toledo International, Inc		216,020
4,561	*	Millipore Corp		320,228
4,643		National Instruments Corp		104,746
2,166		PerkinElmer, Inc		37,688
6,068	*	Resmed, Inc		247,150
1,262		Rockwell Automation, Inc		40,535
13,034		Rockwell Collins, Inc		543,909
6,449		Roper Industries, Inc		292,204
28,502	*	St. Jude Medical, Inc		1,171,432
27,747		Stryker Corp		1,102,666
3,192		Techne Corp		203,682
14,271	*	Teradyne, Inc		97,899
2,787	*	Thermo Electron Corp		113,626
9,651	*	Trimble Navigation Ltd		189,449

71

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
8,055	*	Waters Corp	$	414,591
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		20,404,956
INSURANCE AGENTS, BROKERS AND SERVICE - 0.10%
7,644		Arthur J. Gallagher & Co		163,122
7,047		Brown & Brown, Inc		140,447
3,227		Marsh & McLennan Cos, Inc		64,960
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		368,529
INSURANCE CARRIERS - 0.98%
7,908		Aetna, Inc		198,095
38,456		Aflac, Inc		1,195,597
75,543		American International Group, Inc		87,630
3,323		Axis Capital Holdings Ltd		86,996
1,554		Cigna Corp		37,436
1,028		CNA Financial Corp		15,903
1,379		Endurance Specialty Holdings Ltd		40,405
1,698		Erie Indemnity Co (Class A)		60,720
2,847		Fidelity National Title Group, Inc (Class A)		38,520
15,211		Genworth Financial, Inc (Class A)		106,325
322		Hanover Insurance Group, Inc		12,271
5,124	*	Humana, Inc		165,300
5,599		Leucadia National Corp		118,083
6,516		Lincoln National Corp		112,140
297		Odyssey Re Holdings Corp		11,874
25,569		Principal Financial Group		481,720
5,725		Progressive Corp		86,505
18,098		Prudential Financial, Inc		673,608
468		Reinsurance Group of America, Inc (Class A)		16,338
1,065		Validus Holdings Ltd		23,409
3,627		W.R. Berkley Corp		77,872
2,833	*	WellPoint, Inc		144,171
		TOTAL INSURANCE CARRIERS		3,790,918
JUSTICE, PUBLIC ORDER AND SAFETY - 0.00%**
1,094	*	Corrections Corp of America		18,587
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		18,587
LEATHER AND LEATHER PRODUCTS - 0.18%
26,138		Coach, Inc		702,589
		TOTAL LEATHER AND LEATHER PRODUCTS		702,589
LEGAL SERVICES - 0.05%
4,079	*	FTI Consulting, Inc		206,887
		TOTAL LEGAL SERVICES		206,887
METAL MINING - 0.78%
1,036		Cleveland-Cliffs, Inc		25,351
3,487		Foundation Coal Holdings, Inc		98,020
20,562		Freeport-McMoRan Copper & Gold, Inc (Class B)		1,030,362
39,384		Newmont Mining Corp		1,609,623

72

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
854		Royal Gold, Inc	$	35,612
10,749		Southern Copper Corp		219,710
		TOTAL METAL MINING		3,018,678
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.16%
745		Armstrong World Industries, Inc		12,285
6,141		Hasbro, Inc		148,858
3,127	*	Intrepid Potash, Inc		87,806
22,892		Mattel, Inc		367,417
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		616,366
MISCELLANEOUS RETAIL - 2.22%
27,043	*	Amazon.com, Inc		2,262,417
644		Barnes & Noble, Inc		13,286
36,530		CVS Corp		1,164,211
6,955	*	Dick's Sporting Goods, Inc		119,626
7,410	*	Dollar Tree, Inc		311,961
4,010	*	Marvel Entertainment, Inc		142,716
3,527		MSC Industrial Direct Co (Class A)		125,138
4,088	*	Office Depot, Inc		18,641
10,171		Petsmart, Inc		218,270
3,428	*	Priceline.com, Inc		382,393
58,856		Staples, Inc		1,187,126
9,413		Tiffany & Co		238,714
81,603		Walgreen Co		2,399,128
		TOTAL MISCELLANEOUS RETAIL		8,583,627
MOTION PICTURES - 0.19%
21,519	*	Discovery Communications, Inc (Class C)		441,785
5,760	*	Macrovision Solutions Corp		125,626
3,397		Regal Entertainment Group (Class A)		45,146
12,257	*	tw telecom inc (Class A)		125,879
		TOTAL MOTION PICTURES		738,436
NONDEPOSITORY INSTITUTIONS - 0.26%
15,275		American Express Co		354,990
2,241	*	AmeriCredit Corp		30,366
10,487		Capital One Financial Corp		229,456
3,096		CapitalSource, Inc		15,108
3,070		CIT Group, Inc		6,601
15,658		GLG Partners, Inc		64,041
7,862		Lender Processing Services, Inc		218,328
8,347	*	SLM Corp		85,724
30		Student Loan Corp		1,116
		TOTAL NONDEPOSITORY INSTITUTIONS		1,005,730
NONMETALLIC MINERALS, EXCEPT FUELS - 0.02%
1,438		Compass Minerals International, Inc		78,961
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		78,961

73

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
OIL AND GAS EXTRACTION - 1.84%
3,937	*	Atwood Oceanics, Inc	$	98,071
17,805	*	Cameron International Corp		503,882
2,188	*	CNX Gas Corp		57,479
309	*	Comstock Resources, Inc		10,212
1,197	*	Continental Resources, Inc		33,217
5,672		Diamond Offshore Drilling, Inc		471,060
3,300		ENSCO International, Inc		115,071
10,769		Equitable Resources, Inc		375,946
10,090	*	EXCO Resources, Inc		130,363
2,386	*	Exterran Holdings, Inc		38,271
3,387	*	Forest Oil Corp		50,534
2,640		Helmerich & Payne, Inc		81,497
6,612	*	Mariner Energy, Inc		77,691
4,500	*	Oceaneering International, Inc		203,400
1,890		Patterson-UTI Energy, Inc		24,305
22,646	*	PetroHawk Energy Corp		505,005
5,350	*	Plains Exploration & Production Co		146,376
6,666	*	Pride International, Inc		167,050
9,650	*	Quicksilver Resources, Inc		89,649
1,916		Range Resources Corp		79,342
1,641		Rowan Cos, Inc		31,704
44,717		Schlumberger Ltd		2,419,636
10,733		Smith International, Inc		276,375
28,279	*	Southwestern Energy Co		1,098,638
1,303		St. Mary Land & Exploration Co		27,194
		TOTAL OIL AND GAS EXTRACTION		7,111,968
PAPER AND ALLIED PRODUCTS - 0.41%
29,649		Kimberly-Clark Corp		1,554,497
1,068		Packaging Corp of America		17,302
		TOTAL PAPER AND ALLIED PRODUCTS		1,571,799
PERSONAL SERVICES - 0.14%
1,957		Cintas Corp		44,698
27,926		H&R Block, Inc		481,164
263		Weight Watchers International, Inc		6,778
		TOTAL PERSONAL SERVICES		532,640
PETROLEUM AND COAL PRODUCTS - 1.93%
480		Ashland, Inc		13,464
103,589	d	Exxon Mobil Corp		7,241,908
6,782		Frontier Oil Corp		88,912
3,298		Holly Corp		59,298
4,602		Tesoro Corp		58,583
		TOTAL PETROLEUM AND COAL PRODUCTS		7,462,165
PRIMARY METAL INDUSTRIES - 0.80%
37,566		Alcoa, Inc		388,057
109,193		Corning, Inc		1,753,639
831		Hubbell, Inc (Class B)		26,642
11,525		Precision Castparts Corp		841,670

74

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
1,375		Schnitzer Steel Industries, Inc (Class A)	$	72,683
		TOTAL PRIMARY METAL INDUSTRIES		3,082,691
PRINTING AND PUBLISHING - 0.39%
4,373		Dun & Bradstreet Corp		355,131
3,399		John Wiley & Sons, Inc (Class A)		113,017
25,877		McGraw-Hill Cos, Inc		779,156
8,233	*	MSCI, Inc (Class A)		201,215
600		New York Times Co (Class A)		3,306
4,345		R.R. Donnelley & Sons Co		50,489
		TOTAL PRINTING AND PUBLISHING		1,502,314
RAILROAD TRANSPORTATION - 0.35%
3,512	*	Kansas City Southern Industries, Inc		56,578
3,927		Norfolk Southern Corp		147,930
22,023		Union Pacific Corp		1,146,518
		TOTAL RAILROAD TRANSPORTATION		1,351,026
REAL ESTATE - 0.10%
17,985	*	CB Richard Ellis Group, Inc (Class A)		168,340
7,606	*	St. Joe Co		201,483
		TOTAL REAL ESTATE		369,823
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.07%
19,894	*	Goodyear Tire & Rubber Co		224,007
3,713		Newell Rubbermaid, Inc		38,652
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		262,659
SECURITY AND COMMODITY BROKERS - 1.78%
1,431		Ameriprise Financial, Inc		34,730
560		BlackRock, Inc		98,235
7,294		Broadridge Financial Solutions, Inc		120,935
78,124		Charles Schwab Corp		1,370,294
317		CME Group, Inc		98,622
9,595		Eaton Vance Corp		256,666
6,931		Federated Investors, Inc (Class B)		166,968
5,673		Franklin Resources, Inc		408,513
2,567		Goldman Sachs Group, Inc		378,478
1,686		Greenhill & Co, Inc		121,746
5,980	*	IntercontinentalExchange, Inc		683,155
2,736		Invesco Ltd		48,756
340	*	Investment Technology Group, Inc		6,933
11,745		Janus Capital Group, Inc		133,893
7,224	*	Jefferies Group, Inc		154,088
6,290		Lazard Ltd (Class A)		169,327
24,233		Morgan Stanley		690,883
1,611	*	Morningstar, Inc		66,422
4,944	*	Nasdaq Stock Market, Inc		105,357
5,502		NYSE Euronext		149,930
9,961		SEI Investments Co		179,696
21,018		T Rowe Price Group, Inc		875,820
21,512	*	TD Ameritrade Holding Corp		377,320

75

TIAA-CREF FUNDS- Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
6,840		Waddell & Reed Financial, Inc (Class A)	$	180,371
		TOTAL SECURITY AND COMMODITY BROKERS		6,877,138
STONE, CLAY, AND GLASS PRODUCTS - 1.07%
57,022		3M Co		3,427,021
3,583		Eagle Materials, Inc		90,435
11,113		Gentex Corp		128,911
1,511		Martin Marietta Materials, Inc		119,188
3,082	*	Owens Corning, Inc		39,388
11,281	*	Owens-Illinois, Inc		315,981
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		4,120,924
TOBACCO PRODUCTS - 2.75%
170,056		Altria Group, Inc		2,787,218
12,216		Lorillard, Inc		827,878
161,400		Philip Morris International, Inc		7,040,268
		TOTAL TOBACCO PRODUCTS		10,655,364
TRANSPORTATION BY AIR - 0.20%
23,442	*	AMR Corp		94,237
10,174	*	Continental Airlines, Inc (Class B)		90,142
2,459		Copa Holdings S.A. (Class A)		100,376
63,490	*	Delta Air Lines, Inc		367,607
18,995		Southwest Airlines Co		127,836
		TOTAL TRANSPORTATION BY AIR		780,198
TRANSPORTATION EQUIPMENT - 2.54%
3,831	*	BE Aerospace, Inc		55,013
4,898		Boeing Co		208,165
520	*	Federal Mogul Corp (Class A)		4,914
2,562		General Dynamics Corp		141,909
10,190		Goodrich Corp		509,194
4,880		Harsco Corp		138,104
61,038		Honeywell International, Inc		1,916,593
26,140		Lockheed Martin Corp		2,108,191
5,159	*	Navistar International Corp		224,932
27,678		Paccar, Inc		899,812
2,659	*	Spirit Aerosystems Holdings, Inc (Class A)		36,535
1,524		Thor Industries, Inc		27,996
3,263	*	TransDigm Group, Inc		118,121
996	*	TRW Automotive Holdings Corp		11,255
63,101		United Technologies Corp		3,278,728
3,931		Westinghouse Air Brake Technologies Corp		126,460
		TOTAL TRANSPORTATION EQUIPMENT		9,805,922
TRANSPORTATION SERVICES - 0.37%
13,945		CH Robinson Worldwide, Inc		727,232
17,470		Expeditors International Washington, Inc		582,450
1,657		GATX Corp		42,618
7,613		UTI Worldwide, Inc		86,788
		TOTAL TRANSPORTATION SERVICES		1,439,088
TRUCKING AND WAREHOUSING - 0.84%
1,257		Con-way, Inc		44,385

76

TIAA-CREF FUNDS - Large-Cap Growth Index Fund
SHARES		COMPANY		VALUE
7,187		J.B. Hunt Transport Services, Inc	$	219,419
4,084		Landstar System, Inc		146,656
56,889		United Parcel Service, Inc (Class B)		2,843,881
		TOTAL TRUCKING AND WAREHOUSING		3,254,341
WATER TRANSPORTATION - 0.14%
16,367		Carnival Corp		421,778
1,037	*	Kirby Corp		32,966
3,317		Royal Caribbean Cruises Ltd		44,912
1,518		Teekay Corp		31,924
		TOTAL WATER TRANSPORTATION		531,580
WHOLESALE TRADE-DURABLE GOODS - 0.32%
4,077	*	Arrow Electronics, Inc		86,595
8,899		BorgWarner, Inc		303,901
11,538	*	LKQ Corp		189,800
8,386	*	Patterson Cos, Inc		181,976
5,095		W.W. Grainger, Inc		417,179
1,826	*	WESCO International, Inc		45,723
		TOTAL WHOLESALE TRADE-DURABLE GOODS		1,225,174
WHOLESALE TRADE-NONDURABLE GOODS - 0.65%
5,138		Allscripts Healthcare Solutions, Inc		81,489
6,040		Brown-Forman Corp (Class B)		259,599
14,794	*	Dean Foods Co		283,897
2,458	*	Green Mountain Coffee Roasters, Inc		145,317
7,419	*	Henry Schein, Inc		355,741
4,841		Herbalife Ltd		152,685
48,538		Sysco Corp		1,091,134
5,609		Terra Industries, Inc		135,850
130		Valhi, Inc		966
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		2,506,678
		TOTAL COMMON STOCKS		385,926,323
		(Cost $430,966,493)
RIGHTS / WARRANTS - 0.00%**
EATING AND DRINKING PLACES - 0.00%**
20		Krispy Kreme Doughnuts, Inc		1
		TOTAL EATING AND DRINKING PLACES		1
		TOTAL RIGHTS / WARRANTS		1
		(Cost $0)
		TOTAL INVESTMENTS - 99.78%		385,926,324
		(Cost $430,966,493)
		OTHER ASSETS AND LIABILITIES, NET - 0.22%		841,551
		NET ASSETS - 100.00%	$	386,767,875
	*	Non-income producing.
	**	Percentage represents less than 0.01%.
	d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures contracts in the amount of $27,020.

77

TIAA-CREF FUNDS - Large-Cap Value Index Fund
TIAA-CREF FUNDS
LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.62%
AMUSEMENT AND RECREATION SERVICES - 1.03%
2,953		International Speedway Corp (Class A)	$	75,626
6,020	*	Penn National Gaming, Inc		175,242
167,351		Walt Disney Co		3,904,299
5,170	*	Warner Music Group Corp		30,245
		TOTAL AMUSEMENT AND RECREATION SERVICES		4,185,412
APPAREL AND ACCESSORY STORES - 0.11%
3,989		Abercrombie & Fitch Co (Class A)		101,281
7,813		Foot Locker, Inc		81,802
5,286		Gap, Inc		86,690
1,732	*	Kohl's Corp		74,043
7,915		Limited Brands, Inc		94,743
		TOTAL APPAREL AND ACCESSORY STORES		438,559
APPAREL AND OTHER TEXTILE PRODUCTS - 0.10%
1,524		Phillips-Van Heusen Corp		43,724
227		Polo Ralph Lauren Corp (Class A)		12,154
6,185		VF Corp		342,339
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		398,217
AUTO REPAIR, SERVICES AND PARKING - 0.07%
16,838	*	Hertz Global Holdings, Inc		134,536
4,824		Ryder System, Inc		134,686
		TOTAL AUTO REPAIR, SERVICES AND PARKING		269,222
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.06%
5,923	*	Autonation, Inc		102,764
5,740	*	Carmax, Inc		84,378
2,177		Penske Auto Group, Inc		36,225
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		223,367
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.27%
142,650		Home Depot, Inc		3,370,819
91,068		Lowe's Cos, Inc		1,767,630
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		5,138,449
BUSINESS SERVICES - 1.31%
21,028	*	Activision Blizzard, Inc		265,584
3,244	*	Affiliated Computer Services, Inc (Class A)		144,098
14,970	*	Amdocs Ltd		321,107
6,637	*	Autodesk, Inc		125,970
8,182		CA, Inc		142,612
1,600	*	Clear Channel Outdoor Holdings, Inc (Class A)		8,480

78

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
13,655	*	Computer Sciences Corp	$	604,917
21,811	*	Compuware Corp		149,623
7,741	*	Convergys Corp		71,836
525	*	DST Systems, Inc		19,399
77,289	*	eBay, Inc		1,323,961
2,550		Equifax, Inc		66,555
1,652	*	Expedia, Inc		24,962
10,764		Fidelity National Information Services, Inc		214,849
13,580		IMS Health, Inc		172,466
1,622		Interactive Data Corp		37,533
42,807	*	Interpublic Group of Cos, Inc		216,175
5,149	*	Lamar Advertising Co (Class A)		78,625
6,914		Manpower, Inc		292,739
4,701	*	Monster Worldwide, Inc		55,519
16,051	*	Novell, Inc		72,711
1,777	*	Nuance Communications, Inc		21,484
68,723	*	Sun Microsystems, Inc		633,626
4,959	*	Synopsys, Inc		96,750
3,963		Total System Services, Inc		53,065
6,971	*	Yahoo!, Inc		109,166
		TOTAL BUSINESS SERVICES		5,323,812
CHEMICALS AND ALLIED PRODUCTS - 9.09%
12,314		Air Products & Chemicals, Inc		795,361
7,768		Albemarle Corp		198,628
1,151		Alberto-Culver Co		29,270
8,258		Avery Dennison Corp		212,065
79,044		Bristol-Myers Squibb Co		1,605,384
5,339		Cabot Corp		67,165
698		CF Industries Holdings, Inc		51,750
2,002	*	Charles River Laboratories International, Inc		67,568
1,416		Clorox Co		79,055
3,965		Cytec Industries, Inc		73,828
100,285		Dow Chemical Co		1,618,600
54,490		Du Pont (E.I.) de Nemours & Co		1,396,034
6,546		Eastman Chemical Co		248,093
43,679		Eli Lilly & Co		1,513,041
1,199		FMC Corp		56,713
27,187	*	Forest Laboratories, Inc		682,666
14,726		Huntsman Corp		74,072
400		International Flavors & Fragrances, Inc		13,088
3,757	*	Inverness Medical Innovations, Inc		133,674
1,837	*	Invitrogen Corp		76,640
56,132		Johnson & Johnson		3,188,298
22,833	*	King Pharmaceuticals, Inc		219,882
772		Lubrizol Corp		36,523
155,175		Merck & Co, Inc		4,338,692
8,125	*	Mylan Laboratories, Inc		106,031
1,538	*	NBTY, Inc		43,249
2,159	*	Pactiv Corp		46,850
608,230		Pfizer, Inc		9,123,449
14,610		PPG Industries, Inc		641,379

79

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
90,638		Procter & Gamble Co	$	4,631,601
5,469		RPM International, Inc		76,785
22,556		Schering-Plough Corp		566,607
1,252		Sherwin-Williams Co		67,295
9,030		Valspar Corp		203,446
9,503	*	Watson Pharmaceuticals, Inc		320,156
93,273		Wyeth		4,233,661
		TOTAL CHEMICALS AND ALLIED PRODUCTS		36,836,599
COAL MINING - 0.06%
13,007		Arch Coal, Inc		199,918
1,511		Massey Energy Co		29,525
		TOTAL COAL MINING		229,443
COMMUNICATIONS - 8.41%
531,801		AT&T, Inc		13,209,936
20,595		Cablevision Systems Corp (Class A)		399,749
54,871		CBS Corp (Class B)		379,707
3,101	*	Central European Media Enterprises Ltd (Class A)		61,059
9,097		CenturyTel, Inc		279,278
5,846	*	Clearwire Corp (Class A)		32,328
239,688		Comcast Corp (Class A)		3,473,079
16,939	*	Crown Castle International Corp		406,875
18,130	*	DISH Network Corp (Class A)		293,887
12,729		Embarq Corp		535,382
15,880		Frontier Communications Corp		113,383
5,506	*	IAC/InterActiveCorp		88,371
1,274	*	Leap Wireless International, Inc		41,953
146,685	*	Level 3 Communications, Inc		221,494
23,863	*	Liberty Global, Inc (Class A)		379,183
7,225	*	Liberty Media Corp - Capital (Series A)		97,971
46,654	*	Liberty Media Corp - Entertainment (Series A)		1,247,995
55,182	*	Liberty Media Holding Corp (Interactive A)		276,462
14,153	*	NII Holdings, Inc (Class B)		269,898
131,654		Qwest Communications International, Inc		546,364
3,308		Scripps Networks Interactive (Class A)		92,062
252,131	*	Sprint Nextel Corp		1,212,750
8,137		Telephone & Data Systems, Inc		230,277
31,761		Time Warner Cable, Inc		1,005,871
1,331	*	US Cellular Corp		51,177
256,035		Verizon Communications, Inc		7,867,955
48,915	*	Viacom, Inc (Class B)		1,110,371
20,771		Windstream Corp		173,646
		TOTAL COMMUNICATIONS		34,098,463
DEPOSITORY INSTITUTIONS - 11.41%
11,980		Associated Banc-Corp		149,750
7,435		Bancorpsouth, Inc		152,641
689,168		Bank of America Corp		9,097,018
4,512		Bank of Hawaii Corp		161,665
85,664		Bank of New York Mellon Corp		2,510,812
58,314		BB&T Corp		1,281,742

80

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
1,212		BOK Financial Corp	$	45,656
496,961		Citigroup, Inc		1,475,974
3,955		City National Corp		145,663
13,980		Comerica, Inc		295,677
3,561		Commerce Bancshares, Inc		113,347
4,659		Cullen/Frost Bankers, Inc		214,873
50,894		Fifth Third Bancorp		361,347
545		First Citizens Bancshares, Inc (Class A)		72,839
19,382	*	First Horizon National Corp		232,581
12,377		First Niagara Financial Group, Inc		141,345
14,793		Fulton Financial Corp		77,072
18,766		Hudson City Bancorp, Inc		249,400
39,135		Huntington Bancshares, Inc		163,584
338,830		JPMorgan Chase & Co		11,557,491
46,015		Keycorp		241,119
6,638		M&T Bank Corp		338,073
24,249		Marshall & Ilsley Corp		116,395
31,123		New York Community Bancorp, Inc		332,705
31,135		People's United Financial, Inc		468,270
41,017		PNC Financial Services Group, Inc		1,591,870
22,837		Popular, Inc		50,241
104,123		Regions Financial Corp		420,657
20,887		State Street Corp		985,866
30,709		SunTrust Banks, Inc		505,163
23,493		Synovus Financial Corp		70,244
11,460		TCF Financial Corp		153,220
6,610		TFS Financial Corp		70,198
171,041		US Bancorp		3,065,055
13,762		Valley National Bancorp		161,015
8,591		Washington Federal, Inc		111,683
365,243		Wells Fargo & Co		8,860,795
6,631		Whitney Holding Corp		60,740
6,576		Wilmington Trust Corp		89,828
10,155		Zions Bancorporation		117,392
		TOTAL DEPOSITORY INSTITUTIONS		46,311,006
EATING AND DRINKING PLACES - 0.02%
19,800		Wendy's/Arby's Group, Inc (Class A)		79,200
		TOTAL EATING AND DRINKING PLACES		79,200
EDUCATIONAL SERVICES - 0.00%**
514	*	Career Education Corp		12,793
		TOTAL EDUCATIONAL SERVICES		12,793
ELECTRIC, GAS, AND SANITARY SERVICES - 8.21%
11,673	*	AES Corp		135,524
7,273		AGL Resources, Inc		231,281
5,804		Allegheny Energy, Inc		148,873
10,235		Alliant Energy Corp		267,441
19,458		Ameren Corp		484,310
42,975		American Electric Power Co, Inc		1,241,548
4,952		American Water Works Co, Inc		94,633

81

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
12,235		Aqua America, Inc	$	219,007
8,503		Atmos Energy Corp		212,915
13,404	*	Calpine Corp		149,455
5,040		Centerpoint Energy, Inc		55,843
20,969		CMS Energy Corp		253,306
24,737		Consolidated Edison, Inc		925,659
2,144		Constellation Energy Group, Inc		56,988
11,636	*	Covanta Holding Corp		197,347
53,172		Dominion Resources, Inc		1,777,008
9,128		DPL, Inc		211,496
15,152		DTE Energy Co		484,864
116,019		Duke Energy Corp		1,692,717
47,049	*	Dynegy, Inc (Class A)		106,801
29,361		Edison International		923,697
45,843		El Paso Corp		423,131
5,888		Energen Corp		234,931
17,536		Entergy Corp		1,359,391
54,145		Exelon Corp		2,772,764
27,479		FirstEnergy Corp		1,064,811
32,179		FPL Group, Inc		1,829,697
12,491		Great Plains Energy, Inc		194,235
8,165		Hawaiian Electric Industries, Inc		155,625
5,380		Integrys Energy Group, Inc		161,346
16,985		MDU Resources Group, Inc		322,205
10,882	*	Mirant Corp		171,283
6,380		National Fuel Gas Co		230,190
25,512		NiSource, Inc		297,470
16,222		Northeast Utilities		361,913
23,780	*	NRG Energy, Inc		617,329
9,942		NSTAR		319,238
12,088		NV Energy, Inc		130,430
8,514		OGE Energy Corp		241,116
9,660		Oneok, Inc		284,873
19,822		Pepco Holdings, Inc		266,408
33,207		PG&E Corp		1,276,477
9,364		Pinnacle West Capital Corp		282,325
25,152		Progress Energy, Inc		951,500
45,312		Public Service Enterprise Group, Inc		1,478,531
15,430		Questar Corp		479,256
32,135	*	Reliant Energy, Inc		160,996
19,718		Republic Services, Inc		481,316
11,311		SCANA Corp		367,268
22,019		Sempra Energy		1,092,803
70,521		Southern Co		2,197,433
10,296		Southern Union Co		189,343
19,923		TECO Energy, Inc		237,681
9,753		UGI Corp		248,604
7,805		Vectren Corp		182,871
1,916	*	Waste Connections, Inc		49,644
4,567		Waste Management, Inc		128,607
8,239		Westar Energy, Inc		154,646
52,139		Williams Cos, Inc		813,890

82

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
10,538		Wisconsin Energy Corp	$	429,002
41,066		Xcel Energy, Inc		756,025
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		33,267,317
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 5.06%
24,116	*	Advanced Micro Devices, Inc		93,329
40,582	*	Atmel Corp		151,371
9,054	*	Avnet, Inc		190,406
3,139		AVX Corp		31,170
7,266	*	Ciena Corp		75,203
11,313		Cooper Industries Ltd (Class A)		351,269
14,562		Eaton Corp		649,611
3,381	*	EchoStar Corp (Class A)		53,893
916	*	Energizer Holdings, Inc		47,852
11,843	*	Fairchild Semiconductor International, Inc		82,783
954,499		General Electric Co		11,186,727
2,240		Harman International Industries, Inc		42,112
2,503		Harris Corp		70,985
9,901	*	Integrated Device Technology, Inc		59,802
192,808		Intel Corp		3,190,972
3,769	*	International Rectifier Corp		55,819
5,687		Intersil Corp (Class A)		71,486
9,820	*	JDS Uniphase Corp		56,170
10,498		L-3 Communications Holdings, Inc		728,351
3,829		Lincoln Electric Holdings, Inc		137,997
58,486	*	LSI Logic Corp		266,696
4,643	*	Marvell Technology Group Ltd		54,045
4,419		Maxim Integrated Products, Inc		69,334
1,449		Microchip Technology, Inc		32,675
63,130	*	Micron Technology, Inc		319,438
10,760		Molex, Inc		167,318
193,804		Motorola, Inc		1,284,921
3,773	*	Novellus Systems, Inc		63,009
20,065	*	PMC - Sierra, Inc		159,717
2,060		Teleflex, Inc		92,350
36,070	*	Tellabs, Inc		206,681
3,371	*	Thomas & Betts Corp		97,287
13,653	*	Vishay Intertechnology, Inc		92,704
6,657		Whirlpool Corp		283,322
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		20,516,805
ENGINEERING AND MANAGEMENT SERVICES - 0.18%
14,455		KBR, Inc		266,550
4,874	*	SAIC, Inc		90,413
1,410	*	Shaw Group, Inc		38,648
6,503	*	URS Corp		322,029
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		717,640
FABRICATED METAL PRODUCTS - 0.79%
5,935		Aptargroup, Inc		200,425
3,406		Ball Corp		153,815
10,467		Commercial Metals Co		167,786

83

TIAA-CREF FUNDS - Large-Cap Value Index Fund
SHARES		COMPANY		VALUE
2,150		Crane Co	$	47,967
40,460		Illinois Tool Works, Inc		1,510,776
14,430		Parker Hannifin Corp		619,913
6,395		Pentair, Inc		163,840
3,768		Snap-On, Inc		108,292
7,333		Stanley Works		248,149
		TOTAL FABRICATED METAL PRODUCTS		3,220,963
FOOD AND KINDRED PRODUCTS - 3.36%
25,410		Archer Daniels Midland Co		680,226
11,064		Bunge Ltd		666,606
5,832		Campbell Soup Co		171,577
44,650		Coca-Cola Co		2,142,754
4,273		Coca-Cola Enterprises, Inc		71,145
40,311		ConAgra Foods, Inc		768,328
17,729	*	Constellation Brands, Inc (Class A)		224,804
7,081		Corn Products International, Inc		189,700
18,454		Del Monte Foods Co		173,099
22,880	*	Dr Pepper Snapple Group, Inc		484,827
1,189		Flowers Foods, Inc		25,968
17,438		General Mills, Inc		976,877
5,387		H.J. Heinz Co		192,316
5,929		Hershey Co		213,444
5,669		Hormel Foods Corp		195,807
10,346		J.M. Smucker Co		503,436
132,743		Kraft Foods, Inc (Class A)		3,363,708
1,700	*	Mead Johnson Nutrition Co		54,009
10,668		Molson Coors Brewing Co (Class B)		451,576
2,535		Pepsi Bottling Group, Inc		85,784
5,105		PepsiAmericas, Inc		136,865
5,059	*	Ralcorp Holdings, Inc		308,194
15,206		Reynolds American, Inc		587,256
47,145		Sara Lee Corp		460,135
10,398	*	Smithfield Foods, Inc		145,260
26,483		Tyson Foods, Inc (Class A)		333,951
		TOTAL FOOD AND KINDRED PRODUCTS		13,607,652
FOOD STORES - 0.31%
9,228		Kroger Co		203,477
38,392		Safeway, Inc		782,046
19,853		Supervalu, Inc		257,096
1,498	*	Whole Foods Market, Inc		28,432
		TOTAL FOOD STORES		1,271,051
FORESTRY - 0.18%
4,068		Rayonier, Inc		147,872
19,044		Weyerhaeuser Co		579,509
		TOTAL FORESTRY		727,381
FURNITURE AND FIXTURES - 0.10%
3,426		Hill-Rom Holdings, Inc		55,570
3,581	*	Kinetic Concepts, Inc		97,582

84

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
5,336		Leggett & Platt, Inc	$	81,267
17,115		Masco Corp		163,962
		TOTAL FURNITURE AND FIXTURES		398,381
FURNITURE AND HOME FURNISHINGS STORES - 0.06%
1,778	*	GameStop Corp (Class A)		39,134
9,794		RadioShack Corp		136,724
5,087		Williams-Sonoma, Inc		60,383
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		236,241
GENERAL BUILDING CONTRACTORS - 0.28%
12,027		Centex Corp		101,748
24,995		DR Horton, Inc		233,954
6,376		KB Home		87,224
11,492		Lennar Corp (Class A)		111,357
2,075		MDC Holdings, Inc		62,478
443	*	NVR, Inc		222,559
14,792		Pulte Homes, Inc		130,613
11,549	*	Toll Brothers, Inc		195,987
		TOTAL GENERAL BUILDING CONTRACTORS		1,145,920
GENERAL MERCHANDISE STORES - 0.39%
6,414	*	Big Lots, Inc		134,886
4,068	*	BJ's Wholesale Club, Inc		131,112
20,050		JC Penney Co, Inc		575,635
37,908		Macy's, Inc		445,798
4,484	*	Sears Holdings Corp		298,276
		TOTAL GENERAL MERCHANDISE STORES		1,585,707
HEALTH SERVICES - 0.39%
3,816		AmerisourceBergen Corp		67,696
3,587		Brookdale Senior Living, Inc		34,937
4,150	*	Community Health Systems, Inc		104,788
9,617	*	Coventry Health Care, Inc		179,934
5,242	*	LifePoint Hospitals, Inc		137,603
900	*	Lincare Holdings, Inc		21,168
12,474		McKesson Corp		548,855
6,177		Omnicare, Inc		159,120
2,753	*	Pediatrix Medical Group, Inc		115,984
14,322	*	Tenet Healthcare Corp		40,388
3,824		Universal Health Services, Inc (Class B)		186,802
		TOTAL HEALTH SERVICES		1,597,275
HOLDING AND OTHER INVESTMENT OFFICES - 3.57%
2,840		Alexandria Real Estate Equities, Inc		101,644
13,878		AMB Property Corp		261,045
49,064		Annaly Mortgage Management, Inc		742,830
9,201		Apartment Investment & Management Co (Class A)		81,429
7,109		AvalonBay Communities, Inc		397,677
11,122		Boston Properties, Inc		530,519
11,089		Brandywine Realty Trust		82,613

85

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
4,289		BRE Properties, Inc (Class A)	$	101,907
5,611		Camden Property Trust		154,864
4,968		Corporate Office Properties Trust		145,711
12,100		Douglas Emmett, Inc		108,779
20,198		Duke Realty Corp		177,136
25,163		Equity Residential		559,373
2,472		Essex Property Trust, Inc		153,833
4,632		Federal Realty Investment Trust		238,641
15,182		HCP, Inc		321,707
4,976		Health Care REIT, Inc		169,682
9,289		Hospitality Properties Trust		110,446
54,939		Host Marriott Corp		460,938
20,445		HRPT Properties Trust		83,007
102,343		iShares Russell 1000 Value Index Fund		4,871,528
33,917		Kimco Realty Corp		340,866
9,782		Liberty Property Trust		225,377
6,740		Macerich Co		118,691
6,894		Mack-Cali Realty Corp		157,183
2,307		Nationwide Health Properties, Inc		59,382
9,753		Plum Creek Timber Co, Inc		290,444
39,965		Prologis		322,118
8,658		Realty Income Corp		189,783
7,095		Regency Centers Corp		247,686
10,864		Senior Housing Properties Trust		177,300
12,308		Simon Property Group, Inc		633,000
6,572		SL Green Realty Corp		150,762
4,792		Taubman Centers, Inc		128,713
13,950		UDR, Inc		144,104
13,894		Ventas, Inc		414,875
27,286		Virgin Media, Inc		255,124
13,747		Vornado Realty Trust		619,027
9,337		Weingarten Realty Investors		135,480
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		14,465,224
HOTELS AND OTHER LODGING PLACES - 0.28%
5,214		Boyd Gaming Corp		44,319
1,671		Choice Hotels International, Inc		44,465
6,574	*	Las Vegas Sands Corp		51,672
14,185		Marriott International, Inc (Class A)		313,064
9,492	*	MGM Mirage		60,654
14,077		Starwood Hotels & Resorts Worldwide, Inc		312,509
9,037		Wyndham Worldwide Corp		109,528
6,033		Wynn Resorts Ltd		212,965
		TOTAL HOTELS AND OTHER LODGING PLACES		1,149,176
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.41%
8,336	*	AGCO Corp		242,328
119,832		Applied Materials, Inc		1,314,557
5,425		Black & Decker Corp		155,481
22,577	*	Brocade Communications Systems, Inc		176,552
5,248		Bucyrus International, Inc (Class A)		149,883
4,022		Carlisle Cos, Inc		96,689

86

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
27,122		Caterpillar, Inc	$	896,111
12,186		Cummins, Inc		429,069
28,650		Deere & Co		1,144,568
740		Diebold, Inc		19,506
4,749		Dover Corp		157,144
162,569	*	EMC Corp		2,129,653
5,022	*	Gardner Denver, Inc		126,404
2,931		Graco, Inc		64,541
48,572		Hewlett-Packard Co		1,877,308
2,986		IDEX Corp		73,366
4,411		International Game Technology		70,135
14,778		ITT Industries, Inc		657,621
8,493		Jabil Circuit, Inc		63,018
24,108		Johnson Controls, Inc		523,626
1,135		Joy Global, Inc		40,542
6,500		Kennametal, Inc		124,670
7,773	*	Lexmark International, Inc (Class A)		123,202
11,720		Manitowoc Co, Inc		61,647
25,547		Northrop Grumman Corp		1,166,987
4,462	*	Oil States International, Inc		108,025
18,001		Pitney Bowes, Inc		394,762
8,228		Raytheon Co		365,570
10,590	*	SanDisk Corp		155,567
4,401		Seagate Technology, Inc		46,034
4,336		SPX Corp		212,334
2,997	*	Teradata Corp		70,220
8,864	*	Terex Corp		106,988
26,050		Textron, Inc		251,643
8,714		Timken Co		148,835
1,824	*	Western Digital Corp		48,336
900	*	Zebra Technologies Corp (Class A)		21,294
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		13,814,216
INSTRUMENTS AND RELATED PRODUCTS - 1.39%
88,064	*	Boston Scientific Corp		892,968
4,001		Cooper Cos, Inc		98,945
8,808		Danaher Corp		543,806
1,841		Garmin Ltd		43,853
3,106		Hillenbrand, Inc		51,684
20,857	*	Hologic, Inc		296,795
251	*	Itron, Inc		13,823
15,315		Kla-Tencor Corp		386,704
8,228		PerkinElmer, Inc		143,167
11,503		Rockwell Automation, Inc		369,476
1,142		Roper Industries, Inc		51,744
34,648	*	Thermo Electron Corp		1,412,598
77,949		Xerox Corp		505,110
19,386	*	Zimmer Holdings, Inc		825,844
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		5,636,517
INSURANCE AGENTS, BROKERS AND SERVICE - 0.59%
24,950		AON Corp		944,857
657		Arthur J. Gallagher & Co		14,020

87

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
2,879		Brown & Brown, Inc	$	57,378
29,416		Hartford Financial Services Group, Inc		349,168
43,570		Marsh & McLennan Cos, Inc		877,064
710		White Mountains Insurance Group Ltd		162,526
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		2,405,013
INSURANCE CARRIERS - 5.49%
31,567		Aetna, Inc		790,753
459	*	Alleghany Corp		124,389
4,573		Allied World Assurance Holdings Ltd		186,716
48,338		Allstate Corp		1,179,447
7,277		American Financial Group, Inc		157,038
135,532		American International Group, Inc		157,217
1,435		American National Insurance Co		108,457
4,713	*	Arch Capital Group Ltd		276,088
7,297		Aspen Insurance Holdings Ltd		163,015
11,069		Assurant, Inc		266,652
9,206		Axis Capital Holdings Ltd		241,013
31,735		Chubb Corp		1,265,592
22,949		Cigna Corp		552,841
13,045		Cincinnati Financial Corp		291,556
1,314		CNA Financial Corp		20,328
2,945		Endurance Specialty Holdings Ltd		86,289
806		Erie Indemnity Co (Class A)		28,823
5,549		Everest Re Group Ltd		397,142
18,049		Fidelity National Title Group, Inc (Class A)		244,203
8,477		First American Corp		219,639
22,382		Genworth Financial, Inc (Class A)		156,450
4,255		Hanover Insurance Group, Inc		162,158
10,114		HCC Insurance Holdings, Inc		242,837
9,600	*	Health Net, Inc		149,280
9,573	*	Humana, Inc		308,825
10,806		Leucadia National Corp		227,899
15,960		Lincoln National Corp		274,672
29,163		Loews Corp		799,066
884	*	Markel Corp		249,023
11,921	*	MBIA, Inc		51,618
2,689		Mercury General Corp		89,893
52,018		Metlife, Inc		1,561,060
994		Odyssey Re Holdings Corp		39,740
20,977		Old Republic International Corp		206,623
1,774		OneBeacon Insurance Group Ltd (Class A)		20,738
5,131		PartnerRe Ltd		333,258
55,495		Progressive Corp		838,529
7,997		Protective Life Corp		91,486
18,406		Prudential Financial, Inc		685,071
6,046		Reinsurance Group of America, Inc (Class A)		211,066
5,651		RenaissanceRe Holdings Ltd		262,998
4,382		Stancorp Financial Group, Inc		125,676
7,508		Torchmark Corp		278,096
2,294		Transatlantic Holdings, Inc		99,399

88

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
52,765		Travelers Cos, Inc	$	2,165,476
107,221		UnitedHealth Group, Inc		2,678,381
4,466		Unitrin, Inc		53,681
29,872		UnumProvident Corp		473,770
2,235		Validus Holdings Ltd		49,125
8,136		W.R. Berkley Corp		174,680
40,581	*	WellPoint, Inc		2,065,167
126		Wesco Financial Corp		36,666
30,777		XL Capital Ltd (Class A)		352,704
		TOTAL INSURANCE CARRIERS		22,272,309
JUSTICE, PUBLIC ORDER AND SAFETY - 0.04%
9,053	*	Corrections Corp of America		153,810
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		153,810
METAL MINING - 0.29%
10,678		Cleveland-Cliffs, Inc		261,291
14,745		Freeport-McMoRan Copper & Gold, Inc (Class B)		738,872
2,228		Royal Gold, Inc		92,908
4,185		Southern Copper Corp		85,541
		TOTAL METAL MINING		1,178,612
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.10%
1,692		Armstrong World Industries, Inc		27,901
4,560		Hasbro, Inc		110,534
373	*	Intrepid Potash, Inc		10,474
7,418	*	Jarden Corp		139,087
7,250		Mattel, Inc		116,363
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		404,359
MISCELLANEOUS RETAIL - 0.81%
2,660		Barnes & Noble, Inc		54,876
90,673		CVS Corp		2,889,748
20,228	*	Office Depot, Inc		92,240
49,449	*	Rite Aid Corp		74,668
8,150		Signet Jewelers Ltd		169,683
874		Tiffany & Co		22,165
		TOTAL MISCELLANEOUS RETAIL		3,303,380
MOTION PICTURES - 1.21%
2,340	*	Discovery Communications, Inc (Class C)		48,040
6,524	*	DreamWorks Animation SKG, Inc (Class A)		179,997
2,811	*	Macrovision Solutions Corp		61,308
205,224		News Corp (Class A)		1,869,591
3,499		Regal Entertainment Group (Class A)		46,502
107,127		Time Warner, Inc		2,698,529
		TOTAL MOTION PICTURES		4,903,967
NONDEPOSITORY INSTITUTIONS - 0.89%
74,569		American Express Co		1,732,983
5,629	*	AmeriCredit Corp		76,273

89

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
29,237		Capital One Financial Corp	$	639,706
17,218		CapitalSource, Inc		84,024
60,446		Chimera Investment Corp		210,957
31,670		CIT Group, Inc		68,091
44,561		Discover Financial Services		457,641
32,964	*	SLM Corp		338,540
382		Student Loan Corp		14,210
		TOTAL NONDEPOSITORY INSTITUTIONS		3,622,425
NONMETALLIC MINERALS, EXCEPT FUELS - 0.13%
1,285		Compass Minerals International, Inc		70,559
10,142		Vulcan Materials Co		437,121
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		507,680
OIL AND GAS EXTRACTION - 7.31%
45,081		Anadarko Petroleum Corp		2,046,226
30,246		Apache Corp		2,182,248
732	*	Atwood Oceanics, Inc		18,234
27,911		Baker Hughes, Inc		1,017,077
26,394		BJ Services Co		359,750
9,337		Cabot Oil & Gas Corp		286,086
56,385		Chesapeake Energy Corp		1,118,115
7,819		Cimarex Energy Co		221,590
3,850	*	Comstock Resources, Inc		127,243
6,785	*	Concho Resources, Inc		194,662
1,438	*	Continental Resources, Inc		39,905
22,431	*	Denbury Resources, Inc		330,409
40,057		Devon Energy Corp		2,183,106
4,755	*	Encore Acquisition Co		146,692
9,131		ENSCO International, Inc		318,398
22,558		EOG Resources, Inc		1,532,139
1,484	*	EXCO Resources, Inc		19,173
3,026	*	Exterran Holdings, Inc		48,537
6,353	*	Forest Oil Corp		94,787
80,861		Halliburton Co		1,673,823
8,364	*	Helix Energy Solutions Group, Inc		90,917
6,558		Helmerich & Payne, Inc		202,445
1,639	*	Mariner Energy, Inc		19,258
25,522	*	Nabors Industries Ltd		397,633
37,690	*	National Oilwell Varco, Inc		1,230,955
11,952	*	Newfield Exploration Co		390,472
15,624		Noble Energy, Inc		921,347
72,807		Occidental Petroleum Corp		4,791,428
11,819		Patterson-UTI Energy, Inc		151,992
10,268		Pioneer Natural Resources Co		261,834
4,935	*	Plains Exploration & Production Co		135,022
8,289	*	Pride International, Inc		207,722
12,033		Range Resources Corp		498,287
8,390		Rowan Cos, Inc		162,095
58,879		Schlumberger Ltd		3,185,942
1,953	*	SEACOR Holdings, Inc		146,944
8,009		Smith International, Inc		206,232

90

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
4,241		St. Mary Land & Exploration Co	$	88,510
7,044	*	Superior Energy Services		121,650
4,719		Tidewater, Inc		202,304
3,685	*	Unit Corp		101,595
4,585	*	Whiting Petroleum Corp		161,209
52,254		XTO Energy, Inc		1,992,968
		TOTAL OIL AND GAS EXTRACTION		29,626,961
PAPER AND ALLIED PRODUCTS - 0.48%
9,266		Bemis Co		233,503
2,731		Greif, Inc (Class A)		120,765
39,705		International Paper Co		600,736
4,853		Kimberly-Clark Corp		254,443
16,217		MeadWestvaco Corp		266,121
7,706		Packaging Corp of America		124,837
9,028		Sonoco Products Co		216,221
9,590		Temple-Inland, Inc		125,821
		TOTAL PAPER AND ALLIED PRODUCTS		1,942,447
PERSONAL SERVICES - 0.10%
9,713		Cintas Corp		221,845
24,298		Service Corp International		133,153
2,712		Weight Watchers International, Inc		69,888
		TOTAL PERSONAL SERVICES		424,886
PETROLEUM AND COAL PRODUCTS - 11.37%
6,240		Ashland, Inc		175,032
180,691		Chevron Corp		11,970,779
133,541		ConocoPhillips		5,616,734
326,577	d	Exxon Mobil Corp		22,830,997
2,035		Frontier Oil Corp		26,679
26,178		Hess Corp		1,407,068
63,790		Marathon Oil Corp		1,921,993
17,195		Murphy Oil Corp		934,032
11,212	*	SandRidge Energy, Inc		95,526
10,454		Sunoco, Inc		242,533
7,406		Tesoro Corp		94,278
46,557		Valero Energy Corp		786,348
		TOTAL PETROLEUM AND COAL PRODUCTS		46,101,999
PIPELINES, EXCEPT NATURAL GAS - 0.24%
58,132		Spectra Energy Corp		983,593
		TOTAL PIPELINES, EXCEPT NATURAL GAS		983,593
PRIMARY METAL INDUSTRIES - 0.98%
9,844		AK Steel Holding Corp		188,906
47,022		Alcoa, Inc		485,737
8,833		Allegheny Technologies, Inc		308,537
4,081		Carpenter Technology Corp		84,926
7,493	*	CommScope, Inc		196,766
20,456		Corning, Inc		328,523

91

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
4,685	*	General Cable Corp	$	176,062
4,462		Hubbell, Inc (Class B)		143,052
28,327		Nucor Corp		1,258,569
434		Schnitzer Steel Industries, Inc (Class A)		22,941
16,424		Steel Dynamics, Inc		241,926
6,532		Titanium Metals Corp		60,029
12,827		United States Steel Corp		458,437
		TOTAL PRIMARY METAL INDUSTRIES		3,954,411
PRINTING AND PUBLISHING - 0.14%
20,974		Gannett Co, Inc		74,877
3,228		Meredith Corp		82,475
8,733		New York Times Co (Class A)		48,119
13,731		R.R. Donnelley & Sons Co		159,554
556		Washington Post Co (Class B)		195,813
		TOTAL PRINTING AND PUBLISHING		560,838
RAILROAD TRANSPORTATION - 1.29%
23,688		Burlington Northern Santa Fe Corp		1,742,015
35,191		CSX Corp		1,218,664
4,416	*	Kansas City Southern Industries, Inc		71,142
28,655		Norfolk Southern Corp		1,079,434
21,312		Union Pacific Corp		1,109,503
		TOTAL RAILROAD TRANSPORTATION		5,220,758
REAL ESTATE - 0.04%
9,861		Forest City Enterprises, Inc (Class A)		65,083
3,375		Jones Lang LaSalle, Inc		110,463
		TOTAL REAL ESTATE		175,546
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.12%
20,977		Newell Rubbermaid, Inc		218,371
14,889		Sealed Air Corp		274,702
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		493,073
SECURITY AND COMMODITY BROKERS - 3.38%
18,296		Ameriprise Financial, Inc		444,044
1,201		BlackRock, Inc		210,679
4,779		Broadridge Financial Solutions, Inc		79,236
5,634		CME Group, Inc		1,752,794
538		Federated Investors, Inc (Class B)		12,960
7,470		Franklin Resources, Inc		537,915
42,544		Goldman Sachs Group, Inc		6,272,687
3,670	*	Interactive Brokers Group, Inc (Class A)		56,995
34,461		Invesco Ltd		614,095
3,580	*	Investment Technology Group, Inc		72,996
834		Janus Capital Group, Inc		9,508
2,543	*	Jefferies Group, Inc		54,242
12,883		Legg Mason, Inc		314,088
88,063		Morgan Stanley		2,510,676
6,793	*	Nasdaq Stock Market, Inc		144,759

92

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
17,395		NYSE Euronext	$	474,014
9,358		Raymond James Financial, Inc		161,051
		TOTAL SECURITY AND COMMODITY BROKERS		13,722,739
SPECIAL TRADE CONTRACTORS - 0.10%
17,735	*	Quanta Services, Inc		410,211
		TOTAL SPECIAL TRADE CONTRACTORS		410,211
STONE, CLAY, AND GLASS PRODUCTS - 0.09%
2,470		Martin Marietta Materials, Inc		194,834
4,318	*	Owens Corning, Inc		55,184
2,844	*	Owens-Illinois, Inc		79,660
3,383	*	USG Corp		34,067
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		363,745
TEXTILE MILL PRODUCTS - 0.05%
5,152	*	Mohawk Industries, Inc		183,823
		TOTAL TEXTILE MILL PRODUCTS		183,823
TOBACCO PRODUCTS - 0.15%
13,537		Fortune Brands, Inc		470,275
1,776		Lorillard, Inc		120,360
		TOTAL TOBACCO PRODUCTS		590,635
TRANSPORTATION BY AIR - 0.46%
28,062		FedEx Corp		1,560,808
45,957		Southwest Airlines Co		309,291
		TOTAL TRANSPORTATION BY AIR		1,870,099
TRANSPORTATION EQUIPMENT - 1.92%
7,544		Autoliv, Inc		217,041
4,375	*	BE Aerospace, Inc		62,825
60,092		Boeing Co		2,553,909
1,308	*	Federal Mogul Corp (Class A)		12,361
282,220	*	Ford Motor Co		1,713,075
28,266		General Dynamics Corp		1,565,654
14,377		Genuine Parts Co		482,492
21,019		Harley-Davidson, Inc		340,718
1,955		Harsco Corp		55,327
6,723		Oshkosh Truck Corp		97,752
2,452		Paccar, Inc		79,715
6,529	*	Spirit Aerosystems Holdings, Inc (Class A)		89,708
1,594		Thor Industries, Inc		29,282
7,580		Trinity Industries, Inc		103,240
3,708	*	TRW Automotive Holdings Corp		41,900
6,184		United Technologies Corp		321,321
		TOTAL TRANSPORTATION EQUIPMENT		7,766,320
TRANSPORTATION SERVICES - 0.02%
2,420		GATX Corp		62,242

93

TIAA-CREF FUNDS- Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
1,400		UTI Worldwide, Inc	$	15,960
		TOTAL TRANSPORTATION SERVICES		78,202
TRUCKING AND WAREHOUSING - 0.03%
3,128		Con-way, Inc		110,450
		TOTAL TRUCKING AND WAREHOUSING		110,450
WATER TRANSPORTATION - 0.27%
3,499		Alexander & Baldwin, Inc		82,017
21,561		Carnival Corp		555,626
4,391		Frontline Ltd		106,965
3,702	*	Kirby Corp		117,686
2,149		Overseas Shipholding Group, Inc		73,152
8,194		Royal Caribbean Cruises Ltd		110,947
2,124		Teekay Corp		44,668
		TOTAL WATER TRANSPORTATION		1,091,061
WHOLESALE TRADE-DURABLE GOODS - 0.21%
6,314	*	Arrow Electronics, Inc		134,109
1,015		BorgWarner, Inc		34,662
15,313	*	Ingram Micro, Inc (Class A)		267,979
5,675		Reliance Steel & Aluminum Co		217,863
4,221	*	Tech Data Corp		138,069
1,812	*	WESCO International, Inc		45,372
		TOTAL WHOLESALE TRADE-DURABLE GOODS		838,054
WHOLESALE TRADE-NONDURABLE GOODS - 0.42%
7,305		Airgas, Inc		296,072
1,436		Brown-Forman Corp (Class B)		61,719
32,450		Cardinal Health, Inc		991,348
3,988	*	Central European Distribution Corp		105,961
10,570	*	Endo Pharmaceuticals Holdings, Inc		189,414
2,730		Terra Industries, Inc		66,121
1,100		Valhi, Inc		8,173
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		1,718,808
		TOTAL COMMON STOCKS		403,882,222
		(Cost $575,411,548)
		TOTAL INVESTMENTS - 99.62%		403,882,222
		(Cost $575,411,548)
		OTHER ASSETS AND LIABILITIES, NET - 0.38%		1,542,743
		NET ASSETS - 100.00%	$	405,424,965
	*	Non-income producing.
	**	Percentage represents less than 0.01%.
	d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures contracts in the amount of $81,026.

94

TIAA-CREF FUNDS - Equity Index Fund
TIAA-CREF FUNDS
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.98%
AGRICULTURAL PRODUCTION-CROPS - 0.01%
5,158	*	Chiquita Brands International, Inc	$	52,921
406		Griffin Land & Nurseries, Inc (Class A)		12,700
		TOTAL AGRICULTURAL PRODUCTION-CROPS		65,621
AGRICULTURAL PRODUCTION-LIVESTOCK - 0.01%
1,783		Cal-Maine Foods, Inc		44,504
45		Seaboard Corp		50,490
		TOTAL AGRICULTURAL PRODUCTION-LIVESTOCK		94,994
AGRICULTURAL SERVICES - 0.00%**
1,229	*	Cadiz, Inc		11,835
1,132		Calavo Growers, Inc		22,448
		TOTAL AGRICULTURAL SERVICES		34,283
AMUSEMENT AND RECREATION SERVICES - 0.61%
7,056	*	Bally Technologies, Inc		211,116
1,228		Churchill Downs, Inc		41,334
1,156		Dover Downs Gaming & Entertainment, Inc		5,375
41,833	*	Electronic Arts, Inc		908,613
4,072		International Speedway Corp (Class A)		104,284
2,461	*	Lakes Entertainment, Inc		7,162
5,202	*	Life Time Fitness, Inc		104,092
10,888	*	Live Nation, Inc		52,916
3,462	*	Multimedia Games, Inc		17,172
8,685	*	Penn National Gaming, Inc		252,820
7,662	*	Pinnacle Entertainment, Inc		71,180
1,944		Speedway Motorsports, Inc		26,749
4,032	*	Ticketmaster		25,885
1,639	*	Town Sports International Holdings, Inc		6,146
241,185		Walt Disney Co		5,626,846
5,014	*	Warner Music Group Corp		29,332
5,811	*	WMS Industries, Inc		183,105
4,476		World Wrestling Entertainment, Inc (Class A)		56,219
3,845	*	Youbet.com, Inc		12,689
		TOTAL AMUSEMENT AND RECREATION SERVICES		7,743,035
APPAREL AND ACCESSORY STORES - 0.60%
11,391		Abercrombie & Fitch Co (Class A)		289,217
8,750	*	Aeropostale, Inc		299,863
6,389	*	American Apparel, Inc		23,256
21,814		American Eagle Outfitters, Inc		309,104
6,852	*	AnnTaylor Stores Corp		54,679
4,038		Bebe Stores, Inc		27,781
5,717		Brown Shoe Co, Inc		41,391

95

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
3,222		Buckle, Inc	$	102,363
7,460	*	Carter's, Inc		183,591
3,184		Cato Corp (Class A)		55,529
2,854	*	Charlotte Russe Holding, Inc		36,760
16,258	*	Charming Shoppes, Inc		60,480
22,932	*	Chico's FAS, Inc		223,128
3,097	*	Children's Place Retail Stores, Inc		81,854
4,003		Christopher & Banks Corp		26,860
1,882	*	Citi Trends, Inc		48,706
8,663	*	Collective Brands, Inc		126,220
637	*	Destination Maternity Corp		10,625
5,364	*	Dress Barn, Inc		76,705
1,563	*	DSW, Inc (Class A)		15,396
5,452		Finish Line, Inc (Class A)		40,454
20,037		Foot Locker, Inc		209,787
62,430		Gap, Inc		1,023,852
12,272	*	Hanesbrands, Inc		184,203
7,316	*	Hot Topic, Inc		53,480
6,524	*	J Crew Group, Inc		176,278
2,631	*	JOS A Bank Clothiers, Inc		90,664
39,572	*	Kohl's Corp		1,691,702
34,300		Limited Brands, Inc		410,571
4,007	*	New York & Co, Inc		12,382
21,425		Nordstrom, Inc		426,143
7,321	*	Pacific Sunwear Of California, Inc		24,672
16,458		Ross Stores, Inc		635,279
677	*	Shoe Carnival, Inc		8,077
4,465		Stage Stores, Inc		49,562
2,472		Talbots, Inc		13,349
4,734	*	Tween Brands, Inc		31,623
4,291	*	Under Armour, Inc (Class A)		96,033
16,578	*	Urban Outfitters, Inc		345,983
14,690	*	Wet Seal, Inc (Class A)		45,098
		TOTAL APPAREL AND ACCESSORY STORES		7,662,700
APPAREL AND OTHER TEXTILE PRODUCTS - 0.36%
1,435		Columbia Sportswear Co		44,370
1,373	*	G-III Apparel Group Ltd		15,776
7,551		Guess ?, Inc		194,665
3,795	*	Gymboree Corp		134,647
11,188		Jones Apparel Group, Inc		120,047
14,757		Liz Claiborne, Inc		42,500
5,120	*	Lululemon Athletica, Inc		66,714
3,770	*	Maidenform Brands, Inc		43,242
46,724		Nike, Inc (Class B)		2,419,369
6,714		Phillips-Van Heusen Corp		192,625
6,989		Polo Ralph Lauren Corp (Class A)		374,191
19,824	*	Quiksilver, Inc		36,674
3,556	*	True Religion Apparel, Inc		79,299
11,301		VF Corp		625,510
5,846	*	Warnaco Group, Inc		189,410
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		4,579,039

96

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
AUTO REPAIR, SERVICES AND PARKING - 0.05%
1,027	*	Amerco, Inc	$	38,153
3,281	*	Dollar Thrifty Automotive Group, Inc		45,770
24,212	*	Hertz Global Holdings, Inc		193,454
1,859	*	Midas, Inc		19,482
2,494		Monro Muffler, Inc		64,121
7,269		Ryder System, Inc		202,950
655	*	Standard Parking Corp		10,670
4,999	*	Wright Express Corp		127,325
		TOTAL AUTO REPAIR, SERVICES AND PARKING		701,925
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.23%
12,360		Advance Auto Parts		512,816
1,107	*	America's Car-Mart, Inc		22,694
4,858		Asbury Automotive Group, Inc		49,746
9,434	*	Autonation, Inc		163,680
4,164	*	Autozone, Inc		629,222
28,613	*	Carmax, Inc		420,611
8,658	*	Copart, Inc		300,173
2,205	*	Lithia Motors, Inc (Class A)		20,374
17,598	*	O'Reilly Automotive, Inc		670,131
4,582		Penske Auto Group, Inc		76,244
4,447	*	Rush Enterprises, Inc (Class A)		51,808
3,416		Sonic Automotive, Inc (Class A)		34,707
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		2,952,206
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.74%
1,660	*	Builders FirstSource, Inc		6,906
17,048		Fastenal Co		565,482
220,302		Home Depot, Inc		5,205,737
191,220		Lowe's Cos, Inc		3,711,580
1,833	*	Lumber Liquidators, Inc		28,888
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		9,518,593
BUSINESS SERVICES - 7.91%
50,225	*	3Com Corp		236,560
2,306	*	3D Systems Corp		16,626
6,016		Aaron Rents, Inc		179,397
5,943		ABM Industries, Inc		107,390
4,220	*	Acacia Research (Acacia Technologies)		33,211
5,152	*	ACI Worldwide, Inc		71,922
5,931	*	ActivIdentity Corp		15,005
72,535	*	Activision Blizzard, Inc		916,117
5,201	*	Actuate Corp		24,861
8,820		Acxiom Corp		77,881
2,891		Administaff, Inc		67,274
68,155	*	Adobe Systems, Inc		1,928,786
1,847	*	Advent Software, Inc		60,563
11,645	*	Affiliated Computer Services, Inc (Class A)		517,271
6,340		Aircastle Ltd		46,599
22,428	*	Akamai Technologies, Inc		430,169

97

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
7,550	*	Alliance Data Systems Corp	$	310,985
25,435	*	Amdocs Ltd		545,581
4,199	*	American Reprographics Co		34,936
2,477		American Software, Inc (Class A)		14,268
4,375	*	AMICAS, Inc		12,163
4,551	*	AMN Healthcare Services, Inc		29,035
11,367	*	Ansys, Inc		354,196
3,422	*	APAC Customer Services, Inc		17,555
3,227		Arbitron, Inc		51,277
2,403	*	ArcSight, Inc		42,701
11,758	*	Ariba, Inc		115,699
17,423	*	Art Technology Group, Inc		66,207
1,920	*	Asset Acceptance Capital Corp		14,765
4,350	*	athenahealth, Inc		160,994
29,651	*	Autodesk, Inc		562,776
65,466		Automatic Data Processing, Inc		2,320,116
13,896	*	Avis Budget Group, Inc		78,512
5,429	*	Avocent Corp		75,789
1,445	*	Bankrate, Inc		36,472
1,044		Barrett Business Services, Inc		10,962
6,174		BGC Partners, Inc (Class A)		23,399
5,683		Blackbaud, Inc		88,371
4,359	*	Blackboard, Inc		125,801
5,148	*	Blue Coat Systems, Inc		85,148
24,001	*	BMC Software, Inc		810,994
3,261	*	Bottomline Technologies, Inc		29,382
11,690	*	BPZ Energy, Inc		57,165
6,283		Brady Corp (Class A)		157,829
5,872		Brink's Co		170,464
5,933	*	Brink's Home Security Holdings, Inc		167,963
50,111		CA, Inc		873,435
3,848	*	CACI International, Inc (Class A)		164,348
33,680	*	Cadence Design Systems, Inc		198,712
4,397	*	CAI International, Inc		22,425
3,314	*	Callidus Software, Inc		9,445
1,948	*	Capella Education Co		116,783
4,718	*	Cavium Networks, Inc		79,310
5,729	*	CBIZ, Inc		40,790
8,775	*	Cerner Corp		546,595
3,010	*	Chordiant Software, Inc		10,926
8,966	*	Ciber, Inc		27,795
23,651	*	Citrix Systems, Inc		754,230
4,845	*	Clear Channel Outdoor Holdings, Inc (Class A)		25,679
1,190	*	Clinical Data, Inc		13,114
5,861	*	Cogent Communications Group, Inc		47,767
5,264	*	Cogent, Inc		56,483
5,105		Cognex Corp		72,134
37,700	*	Cognizant Technology Solutions Corp (Class A)		1,006,590
5,497	*	Commvault Systems, Inc		91,140
2,725		Compass Diversified Trust		22,045
2,786	*	Compellent Technologies, Inc		42,487
1,794		Computer Programs & Systems, Inc		68,728

98

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
19,549	*	Computer Sciences Corp	$	866,021
1,871	*	Computer Task Group, Inc		11,413
30,443	*	Compuware Corp		208,839
1,291	*	COMSYS IT Partners, Inc		7,552
5,175	*	Concur Technologies, Inc		160,839
3,121	*	Constant Contact, Inc		61,921
13,147	*	Convergys Corp		122,004
2,579	*	CoStar Group, Inc		102,825
4,368	*	CSG Systems International, Inc		57,832
9,087	*	Cybersource Corp		139,031
6,148	*	Data Domain, Inc		205,036
4,697	*	DealerTrack Holdings, Inc		79,849
3,070	*	Deltek, Inc		13,324
6,239		Deluxe Corp		79,922
2,577	*	Dice Holdings, Inc		11,983
5,095	*	Digital River, Inc		185,050
3,290	*	DivX, Inc		18,062
1,756	*	Double-Take Software, Inc		15,189
4,982	*	DST Systems, Inc		184,085
1,140	*	Dynamics Research Corp		11,411
3,452	*	DynCorp International, Inc (Class A)		57,959
14,721	*	Earthlink, Inc		109,083
145,215	*	eBay, Inc		2,487,532
711	*	Ebix, Inc		22,269
4,143	*	Echelon Corp		35,133
7,488	*	Eclipsys Corp		133,137
1,833		Electro Rent Corp		17,395
6,726	*	Electronics for Imaging, Inc		71,699
892	*	eLoyalty Corp		7,029
7,001	*	Entrust, Inc		12,672
6,019	*	Epicor Software Corp		31,901
4,863	*	EPIQ Systems, Inc		74,647
16,400		Equifax, Inc		428,040
11,329	*	Evergreen Energy, Inc		11,102
2,092	*	ExlService Holdings, Inc		23,451
24,217	*	Expedia, Inc		365,919
10,315	*	F5 Networks, Inc		356,796
5,375		Factset Research Systems, Inc		268,051
5,966		Fair Isaac Corp		92,234
4,355	*	FalconStor Software, Inc		20,686
24,756		Fidelity National Information Services, Inc		494,130
1,134	*	First Advantage Corp (Class A)		17,248
20,204	*	Fiserv, Inc		923,322
2,430	*	Forrester Research, Inc		59,657
7,691	*	Gartner, Inc		117,365
4,486	*	Global Cash Access, Inc		35,709
1,775	*	Global Sources Ltd		12,798
31,102	*	Google, Inc (Class A)		13,112,291
2,089	*	GSE Systems, Inc		14,101
3,588	*	H&E Equipment Services, Inc		33,548
4,601	*	Hackett Group, Inc		10,720
5,594		Healthcare Services Group		100,021

99

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
4,854		Heartland Payment Systems, Inc	$	46,453
595	*	HeartWare International, Inc		16,606
2,279		Heidrick & Struggles International, Inc		41,592
14,021	*	HLTH Corp		183,675
3,514	*	HMS Holdings Corp		143,090
2,111	*	i2 Technologies, Inc		26,493
556	*	ICT Group, Inc		4,854
1,992		iGate Corp		13,187
6,194	*	IHS, Inc (Class A)		308,895
23,328		IMS Health, Inc		296,265
3,451		infoGROUP, Inc		19,705
11,249	*	Informatica Corp		193,370
4,538		Infospace, Inc		30,087
3,531	*	Innerworkings, Inc		16,772
2,887	*	Innodata Isogen, Inc		12,645
2,229	*	Integral Systems, Inc		18,545
4,981		Interactive Data Corp		115,260
1,357	*	Interactive Intelligence, Inc		16,637
7,358	*	Internap Network Services Corp		25,679
3,584	*	Internet Brands, Inc (Class A)		25,088
4,866	*	Internet Capital Group, Inc		32,748
61,987	*	Interpublic Group of Cos, Inc		313,034
41,375	*	Intuit, Inc		1,165,120
4,301	*	inVentiv Health, Inc		58,193
6,252	*	Ipass, Inc		10,003
23,419	*	Iron Mountain, Inc		673,296
10,903		Jack Henry & Associates, Inc		226,237
3,401	*	JDA Software Group, Inc		50,879
67,923	*	Juniper Networks, Inc		1,602,983
3,451		Kelly Services, Inc (Class A)		37,788
2,518	*	Kenexa Corp		29,133
1,540	*	Keynote Systems, Inc		11,766
3,295	*	Kforce, Inc		27,250
3,834	*	Knot, Inc		30,212
6,410	*	Korn/Ferry International		68,202
7,674	*	Lamar Advertising Co (Class A)		117,182
17,847	*	Lawson Software, Inc		99,586
6,364	*	Limelight Networks, Inc		28,002
7,576	*	Lionbridge Technologies		13,940
1,553	*	Liquidity Services, Inc		15,313
5,298	*	Liveperson, Inc		21,192
3,886	*	Manhattan Associates, Inc		70,803
10,087		Manpower, Inc		427,084
2,734	*	Mantech International Corp (Class A)		117,671
4,509		Marchex, Inc (Class B)		15,195
11,058		Mastercard, Inc (Class A)		1,850,113
20,062	*	McAfee, Inc		846,416
12,324	*	Mentor Graphics Corp		67,412
1,001,905		Microsoft Corp		23,815,281
1,180	*	MicroStrategy, Inc (Class A)		59,260
5,701	*	ModusLink Global Solutions, Inc		39,109
10,660	*	MoneyGram International, Inc		18,975

100

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,915	*	Monotype Imaging Holdings, Inc	$	19,851
16,315	*	Monster Worldwide, Inc		192,680
24,362		Moody's Corp		641,939
21,523	*	Move, Inc		46,490
11,358	*	MPS Group, Inc		86,775
5,889	*	MSC Software Corp		39,221
739	*	NCI, Inc (Class A)		22,480
20,545	*	NCR Corp		243,047
3,723	*	Ness Technologies, Inc		14,557
5,391	*	NetFlix, Inc		222,864
3,378	*	Netscout Systems, Inc		31,686
2,162	*	NetSuite, Inc		25,533
3,837	*	Network Equipment Technologies, Inc		16,346
6,586		NIC, Inc		44,587
44,773	*	Novell, Inc		202,822
28,112	*	Nuance Communications, Inc		339,874
40,383		Omnicom Group, Inc		1,275,295
8,510	*	Omniture, Inc		106,886
4,672	*	On Assignment, Inc		18,268
2,235	*	Online Resources Corp		13,946
404	*	OpenTable, Inc		12,189
9,429	*	OpenTV Corp (Class A)		12,446
1,902		Opnet Technologies, Inc		17,422
496,411		Oracle Corp		10,633,123
15,069	*	Parametric Technology Corp		176,157
2,257		PC-Tel, Inc		12,075
1,917		Pegasystems, Inc		50,570
3,115	*	Perficient, Inc		21,774
11,260	*	Perot Systems Corp (Class A)		161,356
2,058	*	Pervasive Software, Inc		12,533
5,720	*	Phase Forward, Inc		86,429
3,088	*	Phoenix Technologies Ltd		8,368
1,918	*	Portfolio Recovery Associates, Inc		74,284
7,736	*	Premiere Global Services, Inc		83,858
5,631	*	Progress Software Corp		119,208
2,488	*	PROS Holdings, Inc		20,203
1,629		QAD, Inc		5,294
2,955		Quality Systems, Inc		168,317
8,582	*	Quest Software, Inc		119,633
8,634	*	Rackspace Hosting, Inc		119,667
3,564	*	Radiant Systems, Inc		29,581
3,069	*	Radisys Corp		27,652
9,251	*	Raser Technologies, Inc		25,903
10,668	*	RealNetworks, Inc		31,897
24,533	*	Red Hat, Inc		493,849
905		Renaissance Learning, Inc		8,335
8,275	*	Rent-A-Center, Inc		147,543
2,579	*	Rewards Network, Inc		9,749
3,111	*	RightNow Technologies, Inc		36,710
2,823	*	Riskmetrics Group Inc		49,854
19,800		Robert Half International, Inc		467,676
5,749		Rollins, Inc		99,515

101

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
813	*	Rosetta Stone, Inc	$	22,309
6,393	*	RSC Holdings, Inc		42,961
6,583	*	S1 Corp		45,423
3,078	*	Saba Software, Inc		11,850
14,011	*	Salesforce.com, Inc		534,800
11,021	*	Sapient Corp		69,322
3,435	*	Smith Micro Software, Inc		33,732
3,902	*	Sohu.com, Inc		245,163
1,544	*	SolarWinds, Inc		25,461
5,780	*	SonicWALL, Inc		31,674
26,166	*	Sonus Networks, Inc		42,127
9,227		Sotheby's (Class A)		130,193
2,848	*	Sourcefire, Inc		35,287
6,485	*	Spherion Corp		26,718
2,714	*	SPSS, Inc		90,566
5,032	*	SRA International, Inc (Class A)		88,362
1,632	*	StarTek, Inc		13,089
2,680	*	Stratasys, Inc		29,453
4,782	*	SuccessFactors, Inc		43,899
4,116	*	SumTotal Systems, Inc		19,798
97,136	*	Sun Microsystems, Inc		895,594
5,101	*	Support.com, Inc		11,120
10,554	*	Sybase, Inc		330,762
4,523	*	SYKES Enterprises, Inc		81,821
106,587	*	Symantec Corp		1,658,494
2,979	*	Synchronoss Technologies, Inc		36,552
2,335	*	SYNNEX Corp		58,352
18,772	*	Synopsys, Inc		366,242
1,994		Syntel, Inc		62,691
10,406		Take-Two Interactive Software, Inc		98,545
1,727		TAL International Group, Inc		18,824
4,056	*	Taleo Corp (Class A)		74,103
1,516	*	TechTarget, Inc		6,064
4,814	*	TeleTech Holdings, Inc		72,932
1,091		Textainer Group Holdings Ltd		12,536
8,859	*	THQ, Inc		63,430
22,803	*	TIBCO Software, Inc		163,498
2,223	*	Tier Technologies, Inc		17,073
3,251	*	TNS, Inc		60,956
21,068		Total System Services, Inc		282,101
3,576	*	TradeStation Group, Inc		30,253
740	*	Travelzoo, Inc		8,103
7,240	*	TrueBlue, Inc		60,816
3,097	*	Ultimate Software Group, Inc		75,071
1,952	*	Unica Corp		10,697
45,764	*	Unisys Corp		69,104
10,775		United Online, Inc		70,145
8,678	*	United Rentals, Inc		56,320
10,763	*	Valueclick, Inc		113,227
3,329	*	Vasco Data Security International		24,335
24,725	*	VeriSign, Inc		456,918
3,315		Viad Corp		57,084

102

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,739	*	Vignette Corp	$	36,018
1,678	*	Virtusa Corp		13,474
58,362		Visa, Inc (Class A)		3,633,619
6,614	*	VMware, Inc (Class A)		180,364
1,826	*	Vocus, Inc		36,082
1,051	*	Volt Information Sciences, Inc		6,590
891	*	WebMD Health Corp (Class A)		26,659
5,420	*	Websense, Inc		96,693
3,067	*	Website Pros, Inc		17,267
8,859	*	Wind River Systems, Inc		101,524
154,770	*	Yahoo!, Inc		2,423,697
		TOTAL BUSINESS SERVICES		101,712,461
CHEMICALS AND ALLIED PRODUCTS - 12.51%
200,717		Abbott Laboratories		9,441,728
936	*	Abraxis Bioscience, Inc		34,501
4,766	*	Acorda Therapeutics, Inc		134,354
1,501	*	Acura Pharmaceuticals, Inc		8,976
5,174	*	Adolor Corp		9,106
27,189		Air Products & Chemicals, Inc		1,756,138
2,549	*	Albany Molecular Research, Inc		21,386
11,806		Albemarle Corp		301,879
11,292		Alberto-Culver Co		287,156
10,580	*	Alexion Pharmaceuticals, Inc		435,050
12,096	*	Alkermes, Inc		130,879
7,557	*	Allos Therapeutics, Inc		62,648
4,459	*	Alnylam Pharmaceuticals, Inc		99,302
2,208	*	AMAG Pharmaceuticals, Inc		120,711
6,983	*	American Oriental Bioengineering, Inc		36,940
3,548		American Vanguard Corp		40,092
131,810	*	Amgen, Inc		6,978,021
1,953	*	Amicus Therapeutics, Inc		22,362
3,025		Arch Chemicals, Inc		74,385
1,822	*	Ardea Biosciences, Inc		28,678
10,496	*	Arena Pharmaceuticals, Inc		52,375
5,311	*	Arqule, Inc		32,610
4,906	*	Array Biopharma, Inc		15,405
2,627	*	ARYx Therapeutics, Inc		10,850
5,558	*	Auxilium Pharmaceuticals, Inc		174,410
8,010	*	AVANIR Pharmaceuticals, Inc		17,782
14,507		Avery Dennison Corp		372,540
10,080	*	AVI BioPharma, Inc		15,926
55,708		Avon Products, Inc		1,436,152
3,051		Balchem Corp		74,811
2,736	*	BioCryst Pharmaceuticals, Inc		11,026
1,225	*	Biodel, Inc		6,321
1,178	*	BioDelivery Sciences International, Inc		7,857
37,526	*	Biogen Idec, Inc		1,694,299
12,593	*	BioMarin Pharmaceuticals, Inc		196,577
1,263	*	BioMimetic Therapeutics, Inc		11,670
489	*	Biospecifics Technologies Corp		11,653
257,162		Bristol-Myers Squibb Co		5,222,959

103

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
8,534		Cabot Corp	$	107,358
4,144	*	Cadence Pharmaceuticals, Inc		41,399
6,605	*	Calgon Carbon Corp		91,743
2,815	*	Cambrex Corp		11,598
1,551	*	Caraco Pharmaceutical Laboratories Ltd		4,762
1,227	*	Cardiovascular Systems, Inc		9,460
18,498		Celanese Corp (Series A)		439,328
59,790	*	Celgene Corp		2,860,353
60,427	*	Cell Therapeutics, Inc		103,934
1,712	*	Celldex Therapeutics, Inc		13,388
9,452	*	Cephalon, Inc		535,456
6,041		CF Industries Holdings, Inc		447,880
8,667	*	Charles River Laboratories International, Inc		292,511
783		Chase Corp		9,318
2,531	*	Chattem, Inc		172,361
5,493	*	China Precision Steel, Inc		13,623
964	*	China-Biotics, Inc		10,392
9,101		Church & Dwight Co, Inc		494,275
18,014		Clorox Co		1,005,722
64,882		Colgate-Palmolive Co		4,589,753
859	*	Cornerstone Therapeutics, Inc		9,432
2,002	*	Cougar Biotechnology, Inc		86,006
7,314	*	Cubist Pharmaceuticals, Inc		134,066
8,112	*	Curis, Inc		12,898
5,131	*	Cypress Bioscience, Inc		48,334
6,144		Cytec Industries, Inc		114,401
5,699	*	Cytokinetics, Inc		16,128
2,308	*	Cytori Therapeutics, Inc		8,332
14,996	*	Dendreon Corp		372,651
22,234	*	Discovery Laboratories, Inc		22,901
144,418		Dow Chemical Co		2,330,906
117,358		Du Pont (E.I.) de Nemours & Co		3,006,711
10,480	*	Durect Corp		24,942
9,423		Eastman Chemical Co		357,132
30,562		Ecolab, Inc		1,191,612
131,613		Eli Lilly & Co		4,559,073
3,346	*	Elizabeth Arden, Inc		29,211
2,563	*	Emergent Biosolutions, Inc		36,728
5,926	*	Enzon Pharmaceuticals, Inc		46,638
14,015		Estee Lauder Cos (Class A)		457,870
2,687	*	Facet Biotech Corp		24,962
1,969	*	Female Health Co		9,451
9,029		Ferro Corp		24,830
9,426		FMC Corp		445,850
39,185	*	Forest Laboratories, Inc		983,935
35,035	*	Genzyme Corp		1,950,398
11,068	*	Geron Corp		84,892
117,869	*	Gilead Sciences, Inc		5,520,983
1,944	*	GTx, Inc		17,943
6,097		H.B. Fuller Co		114,441
8,194	*	Halozyme Therapeutics, Inc		57,112
1,153		Hawkins, Inc		26,035

104

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
14,640	*	Hemispherx Biopharma, Inc	$	37,186
1,040	*	Hi-Tech Pharmacal Co, Inc		9,256
20,715	*	Hospira, Inc		797,942
17,981	*	Human Genome Sciences, Inc		51,426
21,067		Huntsman Corp		105,967
3,187	*	ICO, Inc		8,669
2,716	*	Idenix Pharmaceuticals, Inc		9,995
2,334	*	Idera Pharmaceuticals, Inc		13,677
7,698	*	Idexx Laboratories, Inc		355,648
8,952	*	Immucor, Inc		123,180
6,517	*	Immunogen, Inc		56,111
7,933	*	Impax Laboratories, Inc		58,387
2,604		Innophos Holdings, Inc		43,982
3,103		Innospec, Inc		33,357
4,683	*	Inspire Pharmaceuticals, Inc		26,037
1,054		Inter Parfums, Inc		7,736
4,993	*	InterMune, Inc		75,894
10,235		International Flavors & Fragrances, Inc		334,889
10,225	*	Inverness Medical Innovations, Inc		363,806
22,682	*	Invitrogen Corp		946,293
12,481	*	Javelin Pharmaceuticals, Inc		15,352
357,896		Johnson & Johnson		20,328,492
2,017		Kaiser Aluminum Corp		72,430
31,698	*	King Pharmaceuticals, Inc		305,252
2,659		Koppers Holdings, Inc		70,118
3,815	*	KV Pharmaceutical Co (Class A)		12,246
3,337	*	Landec Corp		22,658
1,247	*	Lannett Co, Inc		8,542
14,867	*	Ligand Pharmaceuticals, Inc (Class B)		42,520
8,760		Lubrizol Corp		414,436
1,410		Mannatech, Inc		4,653
7,628	*	MannKind Corp		63,389
1,008	*	MAP Pharmaceuticals, Inc		12,318
4,541		Martek Biosciences Corp		96,042
16,703	*	Medarex, Inc		139,470
6,842	*	Medicines Co		57,404
7,627		Medicis Pharmaceutical Corp (Class A)		124,473
1,637	*	Medifast, Inc		18,760
3,722	*	Medivation, Inc		83,410
273,860		Merck & Co, Inc		7,657,125
5,263		Meridian Bioscience, Inc		118,839
5,586	*	Micromet, Inc		27,818
2,431		Minerals Technologies, Inc		87,565
2,680	*	Molecular Insight Pharmaceuticals, Inc		13,856
4,505	*	Momenta Pharmaceuticals, Inc		54,195
70,881		Monsanto Co		5,269,293
20,533		Mosaic Co		909,612
39,080	*	Mylan Laboratories, Inc		509,994
3,069	*	Myriad Pharmaceuticals, Inc		14,271
5,947	*	Nabi Biopharmaceuticals		14,392
17,722		Nalco Holding Co		298,438
1,874	*	Nanosphere, Inc		9,201

105

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
6,943	*	NBTY, Inc	$	195,237
4,035	*	Neurocrine Biosciences, Inc		13,033
1,264	*	NeurogesX, Inc		7,129
1,332		NewMarket Corp		89,684
677		NL Industries, Inc		4,996
9,347	*	Novavax, Inc		30,658
3,247	*	Noven Pharmaceuticals, Inc		46,432
5,344	*	NPS Pharmaceuticals, Inc		24,903
1,366	*	Nutraceutical International Corp		14,193
2,003	*	Obagi Medical Products, Inc		14,602
9,611		Olin Corp		114,275
3,948	*	OM Group, Inc		114,571
5,497	*	Omnova Solutions, Inc		17,920
509	*	OncoGenex Pharmaceutical, Inc		11,137
7,156	*	Onyx Pharmaceuticals, Inc		202,229
1,458	*	Opko Health, Inc		2,581
4,183	*	Optimer Pharmaceuticals, Inc		62,620
4,263	*	OraSure Technologies, Inc		10,530
2,214	*	Orexigen Therapeutics, Inc		11,358
7,544	*	OSI Pharmaceuticals, Inc		212,967
2,607	*	Osiris Therapeutics, Inc		35,012
3,704	*	OXiGENE, Inc		8,075
17,131	*	Pactiv Corp		371,743
3,449	*	Pain Therapeutics, Inc		18,521
5,145	*	Par Pharmaceutical Cos, Inc		77,947
6,960	*	Parexel International Corp		100,085
15,682		PDL BioPharma, Inc		123,888
10,193		Perrigo Co		283,162
3,274	*	PetMed Express, Inc		49,208
878,015		Pfizer, Inc		13,170,224
2,731	*	Pharmasset, Inc		30,724
3,964	*	PharMerica Corp		77,813
10,531	*	PolyOne Corp		28,539
3,066	*	Poniard Pharmaceuticals, Inc		18,304
4,262	*	Pozen, Inc		32,732
21,128		PPG Industries, Inc		927,519
39,933		Praxair, Inc		2,838,037
3,726	*	Prestige Brands Holdings, Inc		22,915
378,554		Procter & Gamble Co		19,344,108
4,070	*	Progenics Pharmaceuticals, Inc		20,961
4,635	*	Protalix BioTherapeutics, Inc		20,950
10,083	*	Questcor Pharmaceuticals, Inc		50,415
2,846	*	Quidel Corp		41,438
1,147	*	Repros Therapeutics, Inc		8,247
2,561	*	Revlon, Inc (Class A)		13,932
6,389	*	Rockwood Holdings, Inc		93,535
16,912		RPM International, Inc		237,444
5,945	*	Salix Pharmaceuticals Ltd		58,677
6,779	*	Santarus, Inc		19,117
211,760		Schering-Plough Corp		5,319,410
4,842	*	Sciclone Pharmaceuticals, Inc		12,396
5,982		Scotts Miracle-Gro Co (Class A)		209,669

106

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
6,335		Sensient Technologies Corp	$	142,981
14,209	*	Sepracor, Inc		246,100
12,851		Sherwin-Williams Co		690,741
3,337	*	SIGA Technologies, Inc		28,164
15,827		Sigma-Aldrich Corp		784,386
12,801	*	Solutia, Inc		73,734
4,242	*	Spectrum Pharmaceuticals, Inc		32,451
13,171	*	StemCells, Inc		22,391
841		Stepan Co		37,139
7,560	*	SuperGen, Inc		15,196
2,085	*	SurModics, Inc		47,184
4,090	*	Synta Pharmaceuticals Corp		9,448
7,069	*	Theravance, Inc		103,490
4,359	*	Ulta Salon Cosmetics & Fragrance, Inc		48,472
3,030	*	United Therapeutics Corp		252,490
769	*	USANA Health Sciences, Inc		22,862
13,469	*	USEC, Inc		71,655
8,846	*	Valeant Pharmaceuticals International		227,519
12,882		Valspar Corp		290,231
3,408	*	Vanda Pharmaceuticals, Inc		40,112
22,397	*	Vertex Pharmaceuticals, Inc		798,229
4,552	*	Vical, Inc		12,336
9,086	*	Viropharma, Inc		53,880
11,689	*	Warner Chilcott Ltd (Class A)		153,710
13,707	*	Watson Pharmaceuticals, Inc		461,789
2,689		Westlake Chemical Corp		54,829
9,670	*	WR Grace & Co		119,618
173,201		Wyeth		7,861,592
3,828	*	Xenoport, Inc		88,695
3,640	*	Zymogenetics, Inc		16,744
		TOTAL CHEMICALS AND ALLIED PRODUCTS		160,780,905
COAL MINING - 0.21%
9,026	*	Alpha Natural Resources, Inc		237,113
18,640		Arch Coal, Inc		286,497
23,379		Consol Energy, Inc		793,951
14,601	*	International Coal Group, Inc		41,759
3,762	*	James River Coal Co		56,919
11,115		Massey Energy Co		217,187
34,604		Peabody Energy Corp		1,043,656
1,067	*	Westmoreland Coal Co		8,643
		TOTAL COAL MINING		2,685,725
COMMUNICATIONS - 4.51%
807	*	AboveNet, Inc		65,351
7,439		Adtran, Inc		159,715
4,884		Alaska Communications Systems Group, Inc		35,751
51,746	*	American Tower Corp (Class A)		1,631,551
3,889	*	Anixter International, Inc		146,188
7,648	*	Aruba Networks, Inc		66,844
766,937		AT&T, Inc		19,050,716
1,088		Atlantic Tele-Network, Inc		42,748

107

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,926	*	Audiovox Corp (Class A)	$	11,286
5,384	*	Brightpoint, Inc		33,758
30,471		Cablevision Systems Corp (Class A)		591,442
2,884	*	Cbeyond Communications, Inc		41,385
78,926		CBS Corp (Class B)		546,168
10,770	*	Centennial Communications Corp		90,037
4,644	*	Central European Media Enterprises Ltd (Class A)		91,440
13,154		CenturyTel, Inc		403,828
30,076	*	Cincinnati Bell, Inc		85,416
7,564	*	Clearwire Corp (Class A)		41,829
373,399		Comcast Corp (Class A)		5,410,551
2,598		Consolidated Communications Holdings, Inc		30,423
37,766	*	Crown Castle International Corp		907,139
1,364	*	Crown Media Holdings, Inc (Class A)		2,278
4,784	*	CTC Media, Inc		56,547
1,821		D&E Communications, Inc		18,629
2,638	*	DG FastChannel, Inc		48,275
1,911	*	DigitalGlobe, Inc		36,691
59,749	*	DIRECTV Group, Inc		1,476,398
26,210	*	DISH Network Corp (Class A)		424,864
18,557		Embarq Corp		780,507
4,870	*	Equinix, Inc		354,244
9,553		Fairpoint Communications, Inc		5,732
791	*	Fibernet Telecom Group, Inc		9,824
727		Fisher Communications, Inc		9,298
40,998		Frontier Communications Corp		292,726
4,504	*	General Communication, Inc (Class A)		31,213
2,927	*	GeoEye, Inc		68,960
4,028	*	Global Crossing Ltd		36,977
10,452		Global Payments, Inc		391,532
1,699		HickoryTech Corp		13,048
1,164	*	Hughes Communications, Inc		26,574
14,188	*	IAC/InterActiveCorp		227,717
2,397		Ibasis, Inc		3,140
3,376	*	inContact, Inc		9,250
4,315		Iowa Telecommunications Services, Inc		53,981
2,166	*	iPCS, Inc		32,403
5,563	*	j2 Global Communications, Inc		125,501
3,806	*	Knology, Inc		32,846
7,638	*	Leap Wireless International, Inc		251,519
211,429	*	Level 3 Communications, Inc		319,258
34,174	*	Liberty Global, Inc (Class A)		543,025
10,629	*	Liberty Media Corp - Capital (Series A)		144,129
67,110	*	Liberty Media Corp - Entertainment (Series A)		1,795,193
77,433	*	Liberty Media Holding Corp (Interactive A)		387,939
2,539	*	Lin TV Corp (Class A)		4,266
2,527	*	Lodgenet Entertainment Corp		8,592
6,394	*	Mastec, Inc		74,938
5,002	*	Mediacom Communications Corp (Class A)		25,560
32,917	*	MetroPCS Communications, Inc		438,125
9,460	*	NeuStar, Inc (Class A)		209,634
4,247	*	Neutral Tandem, Inc		125,371

108

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
21,529	*	NII Holdings, Inc (Class B)	$	410,558
3,613	*	Novatel Wireless, Inc		32,589
4,003		NTELOS Holdings Corp		73,735
13,900	*	PAETEC Holding Corp		37,530
352		Preformed Line Products Co		15,509
187,985		Qwest Communications International, Inc		780,138
4,234	*	RCN Corp		25,277
4,183	*	SAVVIS, Inc		47,937
15,096	*	SBA Communications Corp (Class A)		370,456
11,323		Scripps Networks Interactive (Class A)		315,119
2,836		Shenandoah Telecom Co		57,542
4,435		Sinclair Broadcast Group, Inc (Class A)		8,604
363,119	*	Sprint Nextel Corp		1,746,602
1,849	*	SureWest Communications		19,359
2,301	*	Switch & Data Facilities Co, Inc		26,991
8,856	*	Syniverse Holdings, Inc		141,962
4,894	*	TeleCommunication Systems, Inc (Class A)		34,796
12,191		Telephone & Data Systems, Inc		345,005
6,922	*	Terremark Worldwide, Inc		40,009
45,747		Time Warner Cable, Inc		1,448,807
13,528	*	TiVo, Inc		141,773
1,973	*	US Cellular Corp		75,862
2,888		USA Mobility, Inc		36,851
369,542		Verizon Communications, Inc		11,356,026
70,513	*	Viacom, Inc (Class B)		1,600,645
5,480	*	Virgin Mobile USA, Inc (Class A)		22,030
56,475		Windstream Corp		472,131
		TOTAL COMMUNICATIONS		58,064,113
DEPOSITORY INSTITUTIONS - 6.45%
2,196		1st Source Corp		37,925
2,686		Abington Bancorp, Inc		21,381
551		Alliance Financial Corp		15,626
764		American National Bankshares, Inc		14,730
1,101		Ameris Bancorp		6,958
726		Ames National Corp		17,722
1,823		Arrow Financial Corp		49,221
16,639		Associated Banc-Corp		207,988
10,574		Astoria Financial Corp		90,725
318		Auburn National Bancorporation, Inc		9,063
972		Bancfirst Corp		33,612
3,519		Banco Latinoamericano de Exportaciones S.A. (Class E)		43,741
494		Bancorp Rhode Island, Inc		9,737
10,508		Bancorpsouth, Inc		215,729
5,691		Bank Mutual Corp		49,626
993,800		Bank of America Corp		13,118,159
6,349		Bank of Hawaii Corp		227,485
403		Bank of Kentucky Financial Corp		11,284
655		Bank of Marin Bancorp		17,652
155,245		Bank of New York Mellon Corp		4,550,230
2,220		Bank of the Ozarks, Inc		48,019
2,337		BankFinancial Corp		20,706

109

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,392		Banner Corp	$	5,317
385		Bar Harbor Bankshares		11,877
84,013		BB&T Corp		1,846,606
3,510	*	Beneficial Mutual Bancorp, Inc		33,696
2,198		Berkshire Hills Bancorp, Inc		45,674
2,870		BOK Financial Corp		108,113
8,884		Boston Private Financial Holdings, Inc		39,800
803	*	Bridge Bancorp, Inc		21,858
8,233		Brookline Bancorp, Inc		76,732
67		Brooklyn Federal Bancorp, Inc		754
754		Bryn Mawr Bank Corp		14,228
866		Camden National Corp		29,470
1,241		Capital City Bank Group, Inc		20,911
2,609		Capitol Federal Financial		100,003
2,929		Cardinal Financial Corp		22,934
1,272		Cass Information Systems, Inc		41,645
6,499		Cathay General Bancorp		61,805
1,369	*	Center Bancorp, Inc		11,157
1,022		Centerstate Banks of Florida, Inc		7,583
4,864		Central Pacific Financial Corp		18,240
488		Century Bancorp, Inc		8,999
3,176		Chemical Financial Corp		63,234
859	*	Chicopee Bancorp, Inc		11,141
715,692		Citigroup, Inc		2,125,605
1,004		Citizens & Northern Corp		20,652
511		Citizens Holding Co		15,943
23,569	*	Citizens Republic Bancorp, Inc		16,734
2,307		City Holding Co		70,041
5,590		City National Corp		205,880
988		Clifton Savings Bancorp, Inc		10,631
1,130		CNB Financial Corp		16,012
1,432		CoBiz, Inc		9,179
32,949		Colonial Bancgroup, Inc		20,428
1,842		Columbia Banking System, Inc		18,844
19,380		Comerica, Inc		409,887
7,997		Commerce Bancshares, Inc		254,545
4,942		Community Bank System, Inc		71,956
1,818		Community Trust Bancorp, Inc		48,632
6,709		Cullen/Frost Bankers, Inc		309,419
9,180		CVB Financial Corp		54,805
2,506		Dime Community Bancshares		22,830
2,735	*	Dollar Financial Corp		37,716
1,268	*	Eagle Bancorp, Inc		11,120
7,696		East West Bancorp, Inc		49,947
641		Enterprise Bancorp, Inc		7,564
844		Enterprise Financial Services Corp		7,672
1,184		ESB Financial Corp		15,534
3,379		ESSA Bancorp, Inc		46,191
6,008	*	Euronet Worldwide, Inc		116,495
706		Farmers Capital Bank Corp		17,770
74,859		Fifth Third Bancorp		531,499
1,243		Financial Institutions, Inc		16,979

110

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,871		First Bancorp	$	29,337
10,315		First Bancorp (Puerto Rico)		40,744
1,005		First Bancorp, Inc		19,567
3,431		First Busey Corp		25,218
786		First Citizens Bancshares, Inc (Class A)		105,049
10,771		First Commonwealth Financial Corp		68,288
968		First Community Bancshares, Inc		12,429
1,089	*	First Defiance Financial Corp		14,157
4,542		First Financial Bancorp		34,156
3,074		First Financial Bankshares, Inc		154,807
1,415		First Financial Corp		44,686
1,410		First Financial Holdings, Inc		13,254
2,512		First Financial Northwest, Inc		19,644
494		First Financial Service Corp		8,601
27,747	*	First Horizon National Corp		332,966
2,791		First Merchants Corp		22,412
6,077		First Midwest Bancorp, Inc		44,423
19,037		First Niagara Financial Group, Inc		217,403
710		First of Long Island Corp		16,429
833		First South Bancorp, Inc		9,663
10,492		FirstMerit Corp		178,154
5,522	*	Flagstar Bancorp, Inc		3,755
2,762		Flushing Financial Corp		25,825
11,609		FNB Corp		71,860
189	*	Fox Chase Bancorp, Inc		1,813
21,922		Fulton Financial Corp		114,214
1,436		German American Bancorp, Inc		20,693
7,776		Glacier Bancorp, Inc		114,852
1,323		Great Southern Bancorp, Inc		27,188
5,289	*	Guaranty Bancorp		10,102
2,349		Hampton Roads Bankshares, Inc		19,379
3,439		Hancock Holding Co		111,733
5,178		Harleysville National Corp		24,337
1,399		Heartland Financial USA, Inc		19,978
736	*	Heritage Financial Corp		8,508
1,143	*	Home Bancorp, Inc		13,647
2,089		Home Bancshares, Inc		39,775
2,141		Home Federal Bancorp, Inc		21,817
60,736		Hudson City Bancorp, Inc		807,181
55,613		Huntington Bancshares, Inc		232,462
2,229		IBERIABANK Corp		87,845
2,436		Independent Bank Corp		47,989
6,749		International Bancshares Corp		69,582
6,469	*	Investors Bancorp, Inc		59,256
487,762		JPMorgan Chase & Co		16,637,561
2,357		Kearny Financial Corp		26,964
66,593		Keycorp		348,947
2,678		Lakeland Bancorp, Inc		24,075
1,570		Lakeland Financial Corp		29,830
1,013		Legacy Bancorp, Inc		11,244
9,419		M&T Bank Corp		479,710
2,173		MainSource Financial Group, Inc		16,124

111

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
34,094		Marshall & Ilsley Corp	$	163,651
4,040		MB Financial, Inc		41,168
641		Merchants Bancshares, Inc		14,224
1,281	*	Meridian Interstate Bancorp, Inc		9,543
11,636	*	Metavante Technologies, Inc		300,907
602		Midsouth Bancorp, Inc		10,114
2,420		Nara Bancorp, Inc		12,536
447		NASB Financial, Inc		12,784
906		National Bankshares, Inc		21,744
10,735		National Penn Bancshares, Inc		49,488
4,727		NBT Bancorp, Inc		102,623
5,534	*	Net 1 UEPS Technologies, Inc		75,207
44,961		New York Community Bancorp, Inc		480,633
13,652		NewAlliance Bancshares, Inc		156,998
824	*	Northeast Community Bancorp, Inc		6,683
31,416		Northern Trust Corp		1,686,411
2,925		Northfield Bancorp, Inc		33,989
792		Northrim BanCorp, Inc		11,025
2,687		Northwest Bancorp, Inc		50,677
243	*	Norwood Financial Corp		7,620
967		OceanFirst Financial Corp		11,575
518		Ohio Valley Banc Corp		15,198
8,988		Old National Bancorp		88,262
1,374		Old Second Bancorp, Inc		8,107
3,871		Oriental Financial Group, Inc		37,549
1,470	*	Oritani Financial Corp		20,154
651		Orrstown Financial Services, Inc		24,243
7,129		Pacific Capital Bancorp		15,256
1,188		Pacific Continental Corp		14,410
2,839		PacWest Bancorp		37,361
1,606		Park National Corp		90,707
938		Peapack Gladstone Financial Corp		18,094
502		Penns Woods Bancorp, Inc		14,628
562	*	Pennsylvania Commerce Bancorp, Inc		10,824
1,071		Peoples Bancorp, Inc		18,261
494	*	Peoples Financial Corp		9,386
44,880		People's United Financial, Inc		674,995
3,108	*	Pinnacle Financial Partners, Inc		41,399
59,459		PNC Financial Services Group, Inc		2,307,604
37,442		Popular, Inc		82,372
2,949		Premierwest Bancorp		9,997
4,551		PrivateBancorp, Inc		101,214
5,970		Prosperity Bancshares, Inc		178,085
7,799		Provident Financial Services, Inc		70,971
6,757		Provident New York Bancorp		54,867
150,082		Regions Financial Corp		606,331
2,898		Renasant Corp		43,528
1,611		Republic Bancorp, Inc (Class A)		36,392
1,003	*	Republic First Bancorp, Inc		7,823
1,039		Rockville Financial, Inc		11,377
2,561		Roma Financial Corp		32,627
3,613		S&T Bancorp, Inc		43,934

112

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,108		S.Y. Bancorp, Inc	$	50,950
2,117		Sandy Spring Bancorp, Inc		31,120
501	*	Santander BanCorp		3,487
1,759		SCBT Financial Corp		41,671
961		Shore Bancshares, Inc		17,240
478		Sierra Bancorp		6,037
4,815	*	Signature Bank		130,583
2,355		Simmons First National Corp (Class A)		62,926
1,906		Smithtown Bancorp, Inc		24,378
18,639		South Financial Group, Inc		22,180
1,731		Southside Bancshares, Inc		39,588
1,211		Southwest Bancorp, Inc		11,819
1,608		State Bancorp, Inc		12,156
64,137		State Street Corp		3,027,265
2,537		StellarOne Corp		32,854
1,830		Sterling Bancorp		15,281
10,958		Sterling Bancshares, Inc		69,364
5,912		Sterling Financial Corp		17,204
995		Suffolk Bancorp		25,512
1,445	*	Sun Bancorp, Inc		7,485
44,277		SunTrust Banks, Inc		728,357
11,131		Susquehanna Bancshares, Inc		54,431
4,289	*	SVB Financial Group		116,747
33,677		Synovus Financial Corp		100,694
16,542		TCF Financial Corp		221,167
4,614	*	Texas Capital Bancshares, Inc		71,379
10,757		TFS Financial Corp		114,239
1,353	*	The Bancorp, Inc		8,118
1,081		Tompkins Trustco, Inc		51,834
456		Tower Bancorp, Inc		16,028
2,306		TowneBank		32,284
1,407		Trico Bancshares		21,809
9,680		Trustco Bank Corp NY		57,209
7,428		Trustmark Corp		143,509
18,206		UCBH Holdings, Inc		22,940
4,243		UMB Financial Corp		161,276
8,657		Umpqua Holdings Corp		67,178
1,317		Union Bankshares Corp		19,715
4,934		United Bankshares, Inc		96,410
5,304		United Community Banks, Inc		31,774
3,463		United Financial Bancorp, Inc		47,859
803		United Security Bancshares		17,586
1,558		Univest Corp of Pennsylvania		31,565
246,467		US Bancorp		4,416,688
18,281		Valley National Bancorp		213,888
1,160		ViewPoint Financial Group		17,667
1,217		Washington Banking Co		11,464
11,349		Washington Federal, Inc		147,537
1,832		Washington Trust Bancorp, Inc		32,665
6,081		Webster Financial Corp		48,952
617,530		Wells Fargo & Co		14,981,277
3,132		WesBanco, Inc		45,539

113

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,895		West Bancorporation, Inc	$	9,475
3,821		Westamerica Bancorporation		189,560
5,956	*	Western Alliance Bancorp		40,739
91,633		Western Union Co		1,502,781
4,587		Westfield Financial, Inc		41,558
8,049		Whitney Holding Corp		73,729
713		Wilber Corp		7,914
8,761		Wilmington Trust Corp		119,675
1,760		Wilshire Bancorp, Inc		10,120
3,118		Wintrust Financial Corp		50,137
616		WSFS Financial Corp		16,823
1,456		Yadkin Valley Financial Corp		10,061
15,015		Zions Bancorporation		173,573
		TOTAL DEPOSITORY INSTITUTIONS		82,949,825
EATING AND DRINKING PLACES - 1.17%
2,981	*	AFC Enterprises		20,122
1,799	*	Benihana, Inc		11,370
2,714	*	BJ's Restaurants, Inc		45,785
4,154		Bob Evans Farms, Inc		119,386
12,845		Brinker International, Inc		218,750
2,342	*	Buffalo Wild Wings, Inc		76,162
13,810		Burger King Holdings, Inc		238,499
2,727	*	California Pizza Kitchen, Inc		36,242
1,372	*	Carrols Restaurant Group, Inc		9,138
2,793		CBRL Group, Inc		77,925
2,989	*	CEC Entertainment, Inc		88,116
7,796	*	Cheesecake Factory		134,871
4,087	*	Chipotle Mexican Grill, Inc (Class A)		326,960
6,184		CKE Restaurants, Inc		52,440
17,811		Darden Restaurants, Inc		587,407
16,136	*	Denny's Corp		34,692
2,195		DineEquity, Inc		68,462
5,786	*	Domino's Pizza, Inc		43,337
275		Frisch's Restaurants, Inc		8,124
7,305	*	Jack in the Box, Inc		163,997
5,786	*	Krispy Kreme Doughnuts, Inc		17,358
1,566	*	Landry's Restaurants, Inc		13,468
2,349	*	Luby's, Inc		9,537
2,024	*	McCormick & Schmick's Seafood Restaurants, Inc		15,403
143,278		McDonald's Corp		8,237,051
2,014		O'Charleys, Inc		18,630
2,825	*	Papa John's International, Inc		70,032
3,448	*	PF Chang's China Bistro, Inc		110,543
1,815	*	Red Robin Gourmet Burgers, Inc		34,031
6,939	*	Ruby Tuesday, Inc		46,214
1,897	*	Ruth's Chris Steak House, Inc		6,962
7,305	*	Sonic Corp		73,269
95,492	*	Starbucks Corp		1,326,383
2,756	*	Steak N Shake Co		24,087
7,052	*	Texas Roadhouse, Inc (Class A)		76,937
23,494		Tim Hortons, Inc		576,543

114

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
47,225		Wendy's/Arby's Group, Inc (Class A)	$	188,900
59,946		Yum! Brands, Inc		1,998,599
		TOTAL EATING AND DRINKING PLACES		15,205,732
EDUCATIONAL SERVICES - 0.26%
2,348	*	American Public Education, Inc		93,004
17,130	*	Apollo Group, Inc (Class A)		1,218,286
1,831	*	Bridgepoint Education, Inc		31,127
9,504	*	Career Education Corp		236,555
3,904	*	ChinaCast Education Corp		27,796
10,396	*	Corinthian Colleges, Inc		176,004
7,951		DeVry, Inc		397,868
2,044	*	Grand Canyon Education, Inc		34,298
4,983	*	ITT Educational Services, Inc		501,589
3,060	*	K12, Inc		65,943
960	*	Learning Tree International, Inc		9,888
1,347	*	Lincoln Educational Services Corp		28,193
1,835	*	Princeton Review, Inc		9,927
1,818		Strayer Education, Inc		396,524
2,716	*	Universal Technical Institute, Inc		40,550
		TOTAL EDUCATIONAL SERVICES		3,267,552
ELECTRIC, GAS, AND SANITARY SERVICES - 4.69%
86,491	*	AES Corp		1,004,161
10,018		AGL Resources, Inc		318,572
21,900		Allegheny Energy, Inc		561,735
3,989		Allete, Inc		114,684
14,419		Alliant Energy Corp		376,768
27,083		Ameren Corp		674,096
2,330		American Ecology Corp		41,753
61,466		American Electric Power Co, Inc		1,775,753
3,076		American States Water Co		106,553
7,758		American Water Works Co, Inc		148,255
17,452		Aqua America, Inc		312,391
832		Artesian Resources Corp		13,254
11,849		Atmos Energy Corp		296,699
7,555		Avista Corp		134,555
5,022		Black Hills Corp		115,456
2,987		California Water Service Group		110,041
43,581	*	Calpine Corp		485,928
43,638		Centerpoint Energy, Inc		483,509
1,516		Central Vermont Public Service Corp		27,440
2,108		CH Energy Group, Inc		98,444
1,412		Chesapeake Utilities Corp		45,932
3,822	*	Clean Energy Fuels Corp		32,907
2,660	*	Clean Harbors, Inc		143,613
7,847		Cleco Corp		175,930
29,373		CMS Energy Corp		354,826
1,947		Connecticut Water Service, Inc		42,230
35,593		Consolidated Edison, Inc		1,331,890
1,509		Consolidated Water Co, Inc		23,918
23,666		Constellation Energy Group, Inc		629,042

115

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
16,568	*	Covanta Holding Corp	$	280,993
8,565		Crosstex Energy, Inc		35,630
76,599		Dominion Resources, Inc		2,559,939
15,095		DPL, Inc		349,751
21,278		DTE Energy Co		680,896
166,965		Duke Energy Corp		2,436,019
64,797	*	Dynegy, Inc (Class A)		147,089
42,532		Edison International		1,338,057
91,259		El Paso Corp		842,321
5,916	*	El Paso Electric Co		82,587
5,268		Empire District Electric Co		87,027
9,349		Energen Corp		373,025
9,728		EnergySolutions, Inc		89,498
1,941	*	EnerNOC, Inc		42,061
25,397		Entergy Corp		1,968,775
85,558		Exelon Corp		4,381,424
39,478		FirstEnergy Corp		1,529,773
836		Florida Public Utilities Co		11,729
53,358		FPL Group, Inc		3,033,936
17,516		Great Plains Energy, Inc		272,374
12,033		Hawaiian Electric Industries, Inc		229,349
6,356		Idacorp, Inc		166,146
9,583		Integrys Energy Group, Inc		287,394
6,459		ITC Holdings Corp		292,980
2,844		Laclede Group, Inc		94,222
23,651		MDU Resources Group, Inc		448,659
2,981		MGE Energy, Inc		100,013
1,521		Middlesex Water Co		21,978
18,691	*	Mirant Corp		294,196
9,184		National Fuel Gas Co		331,359
5,637		New Jersey Resources Corp		208,794
5,646		Nicor, Inc		195,465
34,577		NiSource, Inc		403,168
22,708		Northeast Utilities		506,615
3,608		Northwest Natural Gas Co		159,907
4,937		NorthWestern Corp		112,366
34,471	*	NRG Energy, Inc		894,867
13,815		NSTAR		443,600
30,425		NV Energy, Inc		328,286
12,408		OGE Energy Corp		351,395
13,696		Oneok, Inc		403,895
2,760		Ormat Technologies, Inc		111,256
4,600		Otter Tail Corp		100,464
563		Pennichuck Corp		12,836
27,725		Pepco Holdings, Inc		372,624
6,766	*	Perma-Fix Environmental Services		16,374
47,649		PG&E Corp		1,831,628
2,451	*	Pico Holdings, Inc		70,344
9,731		Piedmont Natural Gas Co, Inc		234,614
1,814	*	Pike Electric Corp		21,859
13,031		Pinnacle West Capital Corp		392,885
11,588		PNM Resources, Inc		124,107

116

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
9,863		Portland General Electric Co	$	192,131
48,838		PPL Corp		1,609,700
36,339		Progress Energy, Inc		1,374,704
65,712		Public Service Enterprise Group, Inc		2,144,183
22,478		Questar Corp		698,167
45,605	*	Reliant Energy, Inc		228,481
41,952		Republic Services, Inc		1,024,048
1,849		Resource America, Inc (Class A)		9,948
15,295		SCANA Corp		496,629
31,734		Sempra Energy		1,574,958
1,633		SJW Corp		37,069
3,990		South Jersey Industries, Inc		139,211
101,604		Southern Co		3,165,981
14,230		Southern Union Co		261,690
5,744		Southwest Gas Corp		127,574
2,092		Southwest Water Co		11,548
11,030	*	Stericycle, Inc		568,376
27,314		TECO Energy, Inc		325,856
13,957		UGI Corp		355,764
3,671		UIL Holdings Corp		82,414
4,646		Unisource Energy Corp		123,305
1,354	*	Unitil Corp		27,919
10,523		Vectren Corp		246,554
10,852	*	Waste Connections, Inc		281,175
63,797		Waste Management, Inc		1,796,524
2,027	*	Waste Services, Inc		10,500
13,706		Westar Energy, Inc		257,262
6,630		WGL Holdings, Inc		212,293
74,942		Williams Cos, Inc		1,169,845
15,182		Wisconsin Energy Corp		618,059
58,591		Xcel Energy, Inc		1,078,660
1,526		York Water Co		23,394
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		60,360,806
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 8.11%
5,105	*	Acme Packet, Inc		51,663
2,804	*	Actel Corp		30,087
5,399		Acuity Brands, Inc		151,442
15,673	*	Adaptec, Inc		41,533
12,341	*	ADC Telecommunications, Inc		98,235
7,481	*	Advanced Analogic Technologies, Inc		34,338
4,895	*	Advanced Battery Technologies, Inc		19,678
4,932	*	Advanced Energy Industries, Inc		44,339
72,698	*	Advanced Micro Devices, Inc		281,341
2,912	*	Airvana, Inc		18,549
38,463		Altera Corp		626,178
5,373	*	American Superconductor Corp		141,041
14,033		Ametek, Inc		485,260
14,137	*	Amkor Technology, Inc		66,868
22,333		Amphenol Corp (Class A)		706,615
7,320	*	Anadigics, Inc		30,671
37,827		Analog Devices, Inc		937,353

117

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
115,861	*	Apple Computer, Inc	$	16,502,081
8,910	*	Applied Micro Circuits Corp		72,438
2,357		Applied Signal Technology, Inc		60,127
15,870	*	Arris Group, Inc		192,979
2,544	*	Ascent Solar Technologies, Inc		19,894
7,920	*	Atheros Communications, Inc		152,381
57,058	*	Atmel Corp		212,826
4,064	*	ATMI, Inc		63,114
19,350	*	Avnet, Inc		406,930
6,849		AVX Corp		68,011
1,722	*	AZZ, Inc		59,254
6,064		Baldor Electric Co		144,263
1,192		Bel Fuse, Inc (Class B)		19,120
8,519	*	Benchmark Electronics, Inc		122,674
4,790	*	BigBand Networks, Inc		24,764
63,833	*	Broadcom Corp (Class A)		1,582,420
3,223	*	Ceradyne, Inc		56,918
2,298	*	Ceva, Inc		19,947
4,741	*	Checkpoint Systems, Inc		74,386
3,582	*	China BAK Battery, Inc		10,567
5,087	*	China Security & Surveillance Technology, Inc		38,356
12,220	*	Ciena Corp		126,477
749,633	*	Cisco Systems, Inc		13,973,158
3,449	*	Comtech Telecommunications Corp		109,954
21,631		Cooper Industries Ltd (Class A)		671,643
290	*	CPI International, Inc		2,520
11,571	*	Cree, Inc		340,072
3,875		CTS Corp		25,381
2,038		Cubic Corp		72,940
18,709	*	Cypress Semiconductor Corp		172,123
1,723	*	DDi Corp		7,805
4,141	*	Diodes, Inc		64,765
6,800	*	Dolby Laboratories, Inc (Class A)		253,504
3,097	*	DSP Group, Inc		20,936
2,654	*	DTS, Inc		71,844
21,204		Eaton Corp		945,910
4,466	*	EchoStar Corp (Class A)		71,188
3,576	*	Electro Scientific Industries, Inc		39,980
8,233	*	EMCORE Corp		10,374
2,442	*	EMS Technologies, Inc		51,038
8,773	*	Energizer Holdings, Inc		458,302
6,201	*	Energy Conversion Devices, Inc		87,744
5,248	*	EnerSys		95,461
7,041	*	Entropic Communications, Inc		15,842
24,820	*	Evergreen Solar, Inc		53,859
6,380	*	Exar Corp		45,872
8,008	*	Exide Technologies		29,870
16,030	*	Fairchild Semiconductor International, Inc		112,050
6,669	*	First Solar, Inc		1,081,178
3,414		Franklin Electric Co, Inc		88,491
10,335	*	FuelCell Energy, Inc		43,200
1,374,974		General Electric Co		16,114,696

118

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,251	*	Globecomm Systems, Inc	$	16,185
2,050	*	GP Strategies Corp		12,075
15,978	*	GrafTech International Ltd		180,711
3,358	*	Greatbatch, Inc		75,924
2,225	*	GSI Technology, Inc		8,589
4,084	*	GT Solar International, Inc		21,727
7,651		Harman International Industries, Inc		143,839
12,369	*	Harmonic, Inc		72,853
17,203		Harris Corp		487,877
6,547	*	Harris Stratex Networks, Inc (Class A)		42,425
3,875	*	Helen of Troy Ltd		65,061
12,485	*	Hexcel Corp		118,982
2,843	*	Hittite Microwave Corp		98,794
3,256		Imation Corp		24,778
11,288	*	Infinera Corp		103,059
21,438	*	Integrated Device Technology, Inc		129,486
725,346		Intel Corp		12,004,475
2,905	*	Intellon Corp		12,346
5,905	*	InterDigital, Inc		144,318
9,516	*	International Rectifier Corp		140,932
15,707		Intersil Corp (Class A)		197,437
3,006	*	IPG Photonics Corp		32,976
2,414	*	iRobot Corp		31,334
3,810		IXYS Corp		38,557
27,339	*	JDS Uniphase Corp		156,379
15,159		L-3 Communications Holdings, Inc		1,051,731
15,176	*	Lattice Semiconductor Corp		28,531
5,496		Lincoln Electric Holdings, Inc		198,076
28,834		Linear Technology Corp		673,274
2,791	*	Littelfuse, Inc		55,708
1,389	*	Loral Space & Communications, Inc		35,767
1,762		LSI Industries, Inc		9,603
84,316	*	LSI Logic Corp		384,481
66,886	*	Marvell Technology Group Ltd		778,553
38,589		Maxim Integrated Products, Inc		605,461
2,921	*	Maxwell Technologies, Inc		40,397
28,731	*	MEMC Electronic Materials, Inc		511,699
2,110	*	Mercury Computer Systems, Inc		19,518
4,166		Methode Electronics, Inc		29,245
6,185		Micrel, Inc		45,274
23,773		Microchip Technology, Inc		536,081
109,140	*	Micron Technology, Inc		552,248
10,867	*	Microsemi Corp		149,965
5,326	*	Microtune, Inc		12,463
6,568	*	Microvision, Inc		20,164
5,157	*	MIPS Technologies, Inc		15,471
16,726		Molex, Inc		260,089
4,362	*	Monolithic Power Systems, Inc		97,752
5,483	*	Moog, Inc (Class A)		141,516
297,614		Motorola, Inc		1,973,181
944	*	Multi-Fineline Electronix, Inc		20,202
705		National Presto Industries, Inc		53,651

119

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
29,566		National Semiconductor Corp	$	371,053
43,241	*	NetApp, Inc		852,713
2,439	*	Netlogic Microsystems, Inc		88,926
12,524	*	Novellus Systems, Inc		209,151
501	*	NVE Corp		24,349
70,723	*	Nvidia Corp		798,463
5,933	*	Omnivision Technologies, Inc		61,644
53,392	*	ON Semiconductor Corp		366,269
10,821	*	Openwave Systems, Inc		24,239
2,214	*	Oplink Communications, Inc		25,240
2,317	*	OpNext, Inc		4,958
2,173	*	Orion Energy Systems, Inc		8,149
1,991	*	OSI Systems, Inc		41,512
2,732		Park Electrochemical Corp		58,820
2,769	*	Parkervision, Inc		8,473
3,175	*	Pericom Semiconductor Corp		26,734
4,328	*	Photronics, Inc		17,528
6,315		Plantronics, Inc		119,417
5,206	*	Plexus Corp		106,515
4,433	*	PLX Technology, Inc		16,712
28,196	*	PMC - Sierra, Inc		224,440
11,253	*	Polycom, Inc		228,098
2,249	*	Polypore International, Inc		25,009
833	*	Powell Industries, Inc		30,879
3,583		Power Integrations, Inc		85,240
7,135	*	Power-One, Inc		10,631
15,727	*	Powerwave Technologies, Inc		25,320
15,569	*	QLogic Corp		197,415
214,961		Qualcomm, Inc		9,716,237
13,554	*	Rambus, Inc		209,951
2,063		Raven Industries, Inc		52,813
4,522		Regal-Beloit Corp		179,614
34,518	*	RF Micro Devices, Inc		129,788
2,622	*	Rogers Corp		53,043
1,463	*	Rubicon Technology, Inc		20,892
6,568	*	SatCon Technology Corp		11,822
4,180	*	Seachange International, Inc		33,565
8,397	*	Semtech Corp		133,596
4,894	*	ShoreTel, Inc		39,152
10,536	*	Silicon Image, Inc		24,233
5,990	*	Silicon Laboratories, Inc		227,261
9,286	*	Silicon Storage Technology, Inc		17,365
20,926	*	Skyworks Solutions, Inc		204,656
5,002	*	Smart Modular Technologies WWH, Inc		11,355
1,646	*	Spectrum Control, Inc		14,485
3,330	*	Standard Microsystems Corp		68,099
5,096	*	Starent Networks Corp		124,393
1,067	*	Stoneridge, Inc		5,122
12,514	*	Sunpower Corp (Class A)		333,373
2,072	*	Supertex, Inc		52,028
25,176	*	Sycamore Networks, Inc		78,801
4,821	*	Symmetricom, Inc		27,817

120

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
4,449	*	Synaptics, Inc	$	171,954
6,096		Technitrol, Inc		39,441
1,757	*	Techwell, Inc		14,935
8,632	*	Tekelec		145,277
5,258		Teleflex, Inc		235,716
51,120	*	Tellabs, Inc		292,918
6,215	*	Tessera Technologies, Inc		157,177
165,421		Texas Instruments, Inc		3,523,467
6,845	*	Thomas & Betts Corp		197,547
6,393	*	Trident Microsystems, Inc		11,124
19,057	*	Triquint Semiconductor, Inc		101,193
5,666	*	TTM Technologies, Inc		45,101
1,411	*	Ultralife Corp		10,117
37	*	United Capital Corp		678
3,489	*	Universal Display Corp		34,122
1,452	*	Universal Electronics, Inc		29,287
6,822	*	US Geothermal, Inc		9,687
13,533	*	Utstarcom, Inc		22,059
5,804	*	Valence Technology, Inc		10,389
9,343	*	Varian Semiconductor Equipment Associates, Inc		224,139
3,266	*	Viasat, Inc		83,740
1,634		Vicor Corp		11,797
2,098	*	Virage Logic Corp		9,441
23,959	*	Vishay Intertechnology, Inc		162,682
2,783	*	Volterra Semiconductor Corp		36,569
9,576		Whirlpool Corp		407,554
2,858	*	White Electronic Designs Corp		13,233
35,622		Xilinx, Inc		728,826
7,995	*	Zix Corp		11,993
3,097	*	Zoltek Cos, Inc		30,103
6,661	*	Zoran Corp		72,605
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		104,260,267
ENGINEERING AND MANAGEMENT SERVICES - 0.99%
3,074	*	Accelrys, Inc		18,167
79,627		Accenture Ltd (Class A)		2,664,319
2,122	*	Advisory Board Co		54,535
12,288	*	Aecom Technology Corp		393,216
1,790	*	Affymax, Inc		32,990
18,251	*	Amylin Pharmaceuticals, Inc		246,390
8,068	*	Ariad Pharmaceuticals, Inc		12,828
1,178		CDI Corp		13,135
11,342	*	Celera Corp		86,539
2,843	*	comScore, Inc		37,869
1,125	*	Cornell Cos, Inc		18,236
5,152		Corporate Executive Board Co		106,956
1,398	*	CRA International, Inc		38,808
3,258		Diamond Management & Technology Consultants, Inc		13,684
6,395	*	Dyax Corp		13,685
4,895	*	eResearch Technology, Inc		30,398
13,208	*	Exelixis, Inc		64,323
2,163	*	Exponent, Inc		53,015

121

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
23,357		Fluor Corp	$	1,197,980
1,588	*	Franklin Covey Co		9,893
4,064	*	Furmanite Corp		18,125
8,104	*	Genpact Ltd		95,222
7,060	*	Gen-Probe, Inc		303,439
10,843	*	Hewitt Associates, Inc (Class A)		322,905
2,635	*	Hill International, Inc		11,331
2,745	*	Huron Consulting Group, Inc		126,901
1,218	*	ICF International, Inc		33,605
9,529	*	Incyte Corp		31,350
2,412	*	Infinity Pharmaceuticals, Inc		14,086
16,106	*	Insmed, Inc		16,106
12,085	*	Isis Pharmaceuticals, Inc		199,403
15,892	*	Jacobs Engineering Group, Inc		668,894
20,738		KBR, Inc		382,409
1,774	*	Kendle International, Inc		21,714
1,350		Landauer, Inc		82,809
9,318	*	Lexicon Pharmaceuticals, Inc		11,554
5,854	*	Luminex Corp		108,533
2,513		MAXIMUS, Inc		103,661
2,493	*	Maxygen, Inc		16,753
29,965	*	McDermott International, Inc		608,589
1,030	*	Michael Baker Corp		43,631
12,418	*	Myriad Genetics, Inc		442,703
34		National Research Corp		830
6,468	*	Navigant Consulting, Inc		83,567
4,251	*	Omnicell, Inc		45,698
41,598		Paychex, Inc		1,048,270
8,046	*	Regeneron Pharmaceuticals, Inc		144,184
3,413	*	Repligen Corp		18,772
6,349	*	Resources Connection, Inc		109,012
4,301	*	Rigel Pharmaceuticals, Inc		52,128
6,037	*	RTI Biologics, Inc		25,899
26,891	*	SAIC, Inc		498,828
4,063	*	Sangamo Biosciences, Inc		20,071
7,947	*	Savient Pharmaceuticals, Inc		110,145
9,232	*	Seattle Genetics, Inc		89,735
8,026	*	Sequenom, Inc		31,382
10,884	*	Shaw Group, Inc		298,330
1,474	*	Stanley, Inc		48,465
4,456	*	Symyx Technologies, Inc		26,068
1,429	*	Tejon Ranch Co		37,854
7,695	*	Tetra Tech, Inc		220,462
817	*	Transcend Services, Inc		12,949
10,949	*	URS Corp		542,194
10,906	*	VCA Antech, Inc		291,190
492		VSE Corp		12,871
5,612		Watson Wyatt & Co Holdings (Class A)		210,618
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		12,750,211
FABRICATED METAL PRODUCTS - 0.56%
4,285	*	Alliant Techsystems, Inc		352,913
1,082		Ameron International Corp		72,537

122

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
8,779		Aptargroup, Inc	$	296,467
12,217		Ball Corp		551,719
969	*	Bway Holding Co		16,987
3,689	*	Chart Industries, Inc		67,066
2,194		CIRCOR International, Inc		51,800
14,503		Commercial Metals Co		232,483
6,403		Crane Co		142,851
20,697	*	Crown Holdings, Inc		499,626
1,707		Dynamic Materials Corp		32,911
5,131	*	Griffon Corp		42,690
1,432		Gulf Island Fabrication, Inc		22,669
746	*	Hawk Corp		10,332
58,296		Illinois Tool Works, Inc		2,176,772
2,184		Insteel Industries, Inc		17,996
1,984	*	Ladish Co, Inc		25,732
4,228	*	Mobile Mini, Inc		62,025
16,819		Mueller Water Products, Inc (Class A)		62,903
6,825	*	NCI Building Systems, Inc		18,018
1,656	*	North American Galvanizing & Coating, Inc		10,035
20,837		Parker Hannifin Corp		895,158
12,596		Pentair, Inc		322,710
4,337		Quanex Building Products Corp		48,661
3,438		Silgan Holdings, Inc		168,565
4,655		Simpson Manufacturing Co, Inc		100,641
6,835	*	Smith & Wesson Holding Corp		38,823
7,450		Snap-On, Inc		214,113
10,052		Stanley Works		340,160
2,457		Sturm Ruger & Co, Inc		30,565
1,797		Sun Hydraulics Corp		29,057
7,378	*	Taser International, Inc		33,644
2,735		Valmont Industries, Inc		197,139
3,779		Watts Water Technologies, Inc (Class A)		81,400
		TOTAL FABRICATED METAL PRODUCTS		7,267,168
FISHING, HUNTING, AND TRAPPING - 0.00%**
1,187	*	HQ Sustainable Maritime Industries, Inc		10,861
1,197	*	Zapata Corp		8,152
		TOTAL FISHING, HUNTING, AND TRAPPING		19,013
FOOD AND KINDRED PRODUCTS - 4.00%
2,477	*	AgFeed Industries, Inc		14,689
964	*	American Dairy, Inc		38,232
2,740	*	American Italian Pasta Co		79,844
83,119		Archer Daniels Midland Co		2,225,096
2,205		B&G Foods, Inc (Class A)		18,544
1,755	*	Boston Beer Co, Inc (Class A)		51,930
15,811		Bunge Ltd		952,613
25,564		Campbell Soup Co		752,093
8,549	*	Central Garden and Pet Co (Class A)		84,208
900		Coca-Cola Bottling Co Consolidated		49,617
300,760		Coca-Cola Co		14,433,471

123

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
40,089		Coca-Cola Enterprises, Inc	$	667,482
58,295		ConAgra Foods, Inc		1,111,103
24,086	*	Constellation Brands, Inc (Class A)		305,410
9,581		Corn Products International, Inc		256,675
10,104	*	Darling International, Inc		66,686
25,178		Del Monte Foods Co		236,170
2,447		Diamond Foods, Inc		68,271
33,045	*	Dr Pepper Snapple Group, Inc		700,224
797		Farmer Bros Co		18,235
10,043		Flowers Foods, Inc		219,339
42,719		General Mills, Inc		2,393,118
40,702		H.J. Heinz Co		1,453,061
9,063	*	Hansen Natural Corp		279,322
19,990		Hershey Co		719,640
9,048		Hormel Foods Corp		312,518
1,129		Imperial Sugar Co		13,672
2,155		J&J Snack Foods Corp		77,365
15,422		J.M. Smucker Co		750,435
32,798		Kellogg Co		1,527,403
191,046		Kraft Foods, Inc (Class A)		4,841,105
2,533		Lancaster Colony Corp		111,629
3,870		Lance, Inc		89,513
1,243	*	M&F Worldwide Corp		24,860
16,622		McCormick & Co, Inc		540,714
4,784	*	Mead Johnson Nutrition Co		151,988
16,370		Molson Coors Brewing Co (Class B)		692,942
2,418	*	National Beverage Corp		25,752
2,093	*	Omega Protein Corp		8,498
2,097	*	Overhill Farms, Inc		11,051
1,810	*	Peet's Coffee & Tea, Inc		45,612
18,174		Pepsi Bottling Group, Inc		615,008
7,437		PepsiAmericas, Inc		199,386
202,206		PepsiCo, Inc		11,113,241
7,337	*	Ralcorp Holdings, Inc		446,970
21,903		Reynolds American, Inc		845,894
2,706		Sanderson Farms, Inc		121,770
90,798		Sara Lee Corp		886,188
829	*	Seneca Foods Corp		27,705
8,176	*	Smart Balance, Inc		55,679
15,648	*	Smithfield Foods, Inc		218,603
3,396		Tootsie Roll Industries, Inc		77,055
4,117	*	TreeHouse Foods, Inc		118,446
38,839		Tyson Foods, Inc (Class A)		489,760
		TOTAL FOOD AND KINDRED PRODUCTS		51,635,835
FOOD STORES - 0.33%
259		Arden Group, Inc (Class A)		32,401
3,643	*	Great Atlantic & Pacific Tea Co, Inc		15,483
1,440		Ingles Markets, Inc (Class A)		21,946
84,723		Kroger Co		1,868,142
3,473	*	Panera Bread Co (Class A)		173,164
2,954	*	Pantry, Inc		49,036

124

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
5,464		Ruddick Corp	$	128,022
55,333		Safeway, Inc		1,127,133
28,815		Supervalu, Inc		373,154
974	*	Susser Holdings Corp		10,899
1,257		Village Super Market (Class A)		37,396
1,431		Weis Markets, Inc		47,967
14,196	*	Whole Foods Market, Inc		269,440
6,782	*	Winn-Dixie Stores, Inc		85,046
		TOTAL FOOD STORES		4,239,229
FORESTRY - 0.09%
10,092		Rayonier, Inc		366,844
27,155		Weyerhaeuser Co		826,327
		TOTAL FORESTRY		1,193,171
FURNITURE AND FIXTURES - 0.13%
1,195	*	Astronics Corp		12,416
2,952		Ethan Allen Interiors, Inc		30,583
5,835		Furniture Brands International, Inc		17,680
7,317		Herman Miller, Inc		112,243
8,168		Hill-Rom Holdings, Inc		132,485
5,834		HNI Corp		105,362
1,401		Hooker Furniture Corp		16,083
4,080		Kimball International, Inc (Class B)		25,459
7,999	*	Kinetic Concepts, Inc		217,973
6,824		La-Z-Boy, Inc		32,209
19,930		Leggett & Platt, Inc		303,534
46,932		Masco Corp		449,609
8,861	*	Sealy Corp		17,368
1,340	*	Stanley Furniture Co, Inc		14,459
8,115		Steelcase, Inc (Class A)		47,229
9,318		Tempur-Pedic International, Inc		121,786
		TOTAL FURNITURE AND FIXTURES		1,656,478
FURNITURE AND HOME FURNISHINGS STORES - 0.27%
33,805	*	Bed Bath & Beyond, Inc		1,039,504
43,775		Best Buy Co, Inc		1,466,024
21,371	*	GameStop Corp (Class A)		470,376
1,921		Haverty Furniture Cos, Inc		17,577
1,442	*	hhgregg, Inc		21,861
7,960		Knoll, Inc		60,337
11,762	*	Pier 1 Imports, Inc		23,406
15,790		RadioShack Corp		220,428
995	*	Rex Stores Corp		10,010
2,562	*	Tuesday Morning Corp		8,634
12,291		Williams-Sonoma, Inc		145,894
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		3,484,051
GENERAL BUILDING CONTRACTORS - 0.19%
200	*	Amrep Corp		2,206
976	*	Avatar Holdings, Inc		17,734
9,179	*	Beazer Homes USA, Inc		16,798

125

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,171		Brookfield Homes Corp	$	4,684
716	*	Cavco Industries, Inc		18,136
16,772		Centex Corp		141,891
36,032		DR Horton, Inc		337,260
6,699	*	Hovnanian Enterprises, Inc (Class A)		15,810
9,886		KB Home		135,240
18,002		Lennar Corp (Class A)		174,439
1,746	*	M/I Homes, Inc		17,093
3,103		McGrath RentCorp		59,143
4,852		MDC Holdings, Inc		146,094
3,764	*	Meritage Homes Corp		70,989
752	*	NVR, Inc		377,797
3,635	*	Perini Corp		63,104
27,837		Pulte Homes, Inc		245,801
5,596		Ryland Group, Inc		93,789
15,051	*	Standard-Pacific Corp		30,554
2,075	*	Team, Inc		32,515
17,195	*	Toll Brothers, Inc		291,799
6,920		Walter Industries, Inc		250,781
		TOTAL GENERAL BUILDING CONTRACTORS		2,543,657
GENERAL MERCHANDISE STORES - 1.97%
6,473	*	99 Cents Only Stores		87,903
10,746	*	Big Lots, Inc		225,988
7,158	*	BJ's Wholesale Club, Inc		230,702
6,599		Casey's General Stores, Inc		169,528
1,986	*	Conn's, Inc		24,825
56,454		Costco Wholesale Corp		2,579,948
7,361		Dillard's, Inc (Class A)		67,721
18,221		Family Dollar Stores, Inc		515,654
6,428		Fred's, Inc (Class A)		80,993
28,897		JC Penney Co, Inc		829,633
54,432		Macy's, Inc		640,120
4,884	*	Retail Ventures, Inc		10,647
16,370	*	Saks, Inc		72,519
6,462	*	Sears Holdings Corp		429,852
3,381	*	Stein Mart, Inc		29,956
97,670		Target Corp		3,855,035
53,666		TJX Companies, Inc		1,688,332
287,136		Wal-Mart Stores, Inc		13,908,869
		TOTAL GENERAL MERCHANDISE STORES		25,448,225
HEALTH SERVICES - 1.21%
3,355	*	Alliance Imaging, Inc		24,592
5,849	*	Allied Healthcare International, Inc		12,692
1,251	*	Almost Family, Inc		32,664
3,547	*	Amedisys, Inc		117,122
1,085	*	America Service Group, Inc		17,436
1,669	*	American Dental Partners, Inc		15,138
39,716		AmerisourceBergen Corp		704,562
3,939	*	Amsurg Corp		84,452
1,207	*	Assisted Living Concepts, Inc (A Shares)		17,562

126

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
1,997	*	Bio-Reference Labs, Inc	$	63,125
5,129		Brookdale Senior Living, Inc		49,956
1,339	*	China Sky One Medical, Inc		18,050
12,057	*	Community Health Systems, Inc		304,439
3,983	*	Continucare Corp		9,280
729	*	Corvel Corp		16,599
8,375	*	Covance, Inc		412,050
19,286	*	Coventry Health Care, Inc		360,841
4,057	*	Cross Country Healthcare, Inc		27,872
4,692	*	CryoLife, Inc		25,994
13,430	*	DaVita, Inc		664,248
7,171	*	Edwards Lifesciences Corp		487,843
3,179	*	eHealth, Inc		56,142
2,244	*	Emeritus Corp		29,643
1,159		Ensign Group, Inc		16,493
2,685	*	Enzo Biochem, Inc		11,895
31,953	*	Express Scripts, Inc		2,196,770
2,300	*	Genomic Health, Inc		39,859
2,191	*	Genoptix, Inc		70,090
3,932	*	Gentiva Health Services, Inc		64,721
3,175	*	Health Grades, Inc		12,414
31,898	*	Health Management Associates, Inc (Class A)		157,576
11,871	*	Healthsouth Corp		171,417
4,492	*	Healthways, Inc		60,417
13,542	*	Immunomedics, Inc		34,397
2,105	*	IPC The Hospitalist Co, Inc		56,182
5,060	*	Kindred Healthcare, Inc		62,592
14,074	*	Laboratory Corp of America Holdings		954,076
2,013	*	LCA-Vision, Inc		8,495
2,034	*	LHC Group, Inc		45,175
1,002	*	Life Sciences Research, Inc		7,184
6,971	*	LifePoint Hospitals, Inc		182,989
8,921	*	Lincare Holdings, Inc		209,822
4,644	*	Magellan Health Services, Inc		152,416
35,402		McKesson Corp		1,557,688
1,957	*	Medcath Corp		23,014
62,661	*	Medco Health Solutions, Inc		2,857,969
1,055		National Healthcare Corp		40,027
12,169	*	Nektar Therapeutics		78,855
2,230	*	Nighthawk Radiology Holdings, Inc		8,251
2,714	*	NovaMed, Inc		10,720
4,576	*	Odyssey HealthCare, Inc		47,041
15,027		Omnicare, Inc		387,096
5,993	*	Pediatrix Medical Group, Inc		252,485
13,911		Pharmaceutical Product Development, Inc		323,013
7,268	*	Psychiatric Solutions, Inc		165,274
20,184		Quest Diagnostics, Inc		1,138,983
2,601	*	RehabCare Group, Inc		62,242
2,181	*	Skilled Healthcare Group, Inc (Class A)		16,358
6,161	*	Sun Healthcare Group, Inc		51,999
4,756	*	Sunrise Senior Living, Inc		7,847
61,553	*	Tenet Healthcare Corp		173,579

127

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
5,991		Universal Health Services, Inc (Class B)	$	292,660
1,324	*	US Physical Therapy, Inc		19,529
202	*	Virtual Radiologic Corp		1,824
		TOTAL HEALTH SERVICES		15,583,736
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.02%
909	*	Broadwind Energy, Inc		10,290
3,665	*	Comverge, Inc		44,347
4,258		Granite Construction, Inc		141,707
4,740		Great Lakes Dredge & Dock Corp		22,657
1,627	*	LB Foster Co (Class A)		48,924
3,111	*	Matrix Service Co		35,714
2,246	*	MYR Group, Inc		45,414
2,779	*	Orion Marine Group, Inc		52,801
1,320	*	Sterling Construction Co, Inc		20,143
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		421,997
HOLDING AND OTHER INVESTMENT OFFICES - 2.90%
4,686		Acadia Realty Trust		61,152
5,357	*	Affiliated Managers Group, Inc		311,724
1,028		Agree Realty Corp		18,843
272		Alexander's, Inc		73,331
4,944		Alexandria Real Estate Equities, Inc		176,946
25,764		Allied Capital Corp		89,659
18,980		AMB Property Corp		357,014
6,705		American Campus Communities, Inc		148,717
1,107		American Capital Agency Corp		25,428
70,692		Annaly Mortgage Management, Inc		1,070,277
9,643		Anthracite Capital, Inc		5,979
13,690		Anworth Mortgage Asset Corp		98,705
15,200		Apartment Investment & Management Co (Class A)		134,520
9,144		Ashford Hospitality Trust, Inc		25,695
1,546		Associated Estates Realty Corp		9,214
10,297		AvalonBay Communities, Inc		576,014
12,756		BioMed Realty Trust, Inc		130,494
15,763		Boston Properties, Inc		751,895
16,672		Brandywine Realty Trust		124,206
6,635		BRE Properties, Inc (Class A)		157,648
8,581		Camden Property Trust		236,836
1,479	*	Cape Bancorp, Inc		12,764
5,045		Capital Lease Funding, Inc		13,924
387		Capital Southwest Corp		27,999
7,837		Capstead Mortgage Corp		99,608
1,512		Care Investment Trust, Inc		7,862
9,589		CBL & Associates Properties, Inc		51,685
5,900		Cedar Shopping Centers, Inc		26,668
716		Cherokee, Inc		14,191
3,528		Cogdell Spencer, Inc		15,135
6,149		Colonial Properties Trust		45,503
7,386		Corporate Office Properties Trust		216,631
5,310		Cousins Properties, Inc		45,135
3,359		Danvers Bancorp, Inc		45,179

128

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
24,672		DCT Industrial Trust, Inc	$	100,662
17,966		Developers Diversified Realty Corp		87,674
14,803		DiamondRock Hospitality Co		92,667
9,763		Digital Realty Trust, Inc		350,004
15,480		Douglas Emmett, Inc		139,165
28,851		Duke Realty Corp		253,023
1,528		Dynex Capital, Inc		12,530
3,284		EastGroup Properties, Inc		108,438
2,323		Education Realty Trust, Inc		9,966
4,461		Entertainment Properties Trust		91,897
2,708		Equity Lifestyle Properties, Inc		100,683
4,118		Equity One, Inc		54,605
35,393		Equity Residential		786,786
3,513		Essex Property Trust, Inc		218,614
11,183		Extra Space Storage, Inc		93,378
7,679		Federal Realty Investment Trust		395,622
14,398		FelCor Lodging Trust, Inc		35,419
7,724		First Industrial Realty Trust, Inc		33,599
3,532		First Potomac Realty Trust		34,437
8,500		Franklin Street Properties Corp		112,625
1,930		Getty Realty Corp		36,419
2,385		Gladstone Capital Corp		17,959
1,129		Gladstone Commercial Corp		14,632
5,453		Glimcher Realty Trust		15,814
6,634		Gramercy Capital Corp		10,681
2,695	*	Harris & Harris Group, Inc		15,712
3,449		Hatteras Financial Corp		98,607
35,362		HCP, Inc		749,321
14,442		Health Care REIT, Inc		492,472
7,698		Healthcare Realty Trust, Inc		129,557
6,357		Hersha Hospitality Trust		15,765
9,208		Highwoods Properties, Inc		205,983
5,755	*	Hilltop Holdings, Inc		68,312
4,261		Home Properties, Inc		145,300
12,192		Hospitality Properties Trust		144,963
78,454		Host Marriott Corp		658,229
29,181		HRPT Properties Trust		118,475
9,071		Inland Real Estate Corp		63,497
7,653		Investors Real Estate Trust		68,035
263,292		iShares Russell 3000 Index Fund		14,173,007
14,652	*	iStar Financial, Inc		41,612
4,712		Kilroy Realty Corp		96,784
48,882		Kimco Realty Corp		491,264
3,657		Kite Realty Group Trust		10,678
6,928		LaSalle Hotel Properties		85,492
13,412		Lexington Corporate Properties Trust		45,601
13,495		Liberty Property Trust		310,925
4,378		LTC Properties, Inc		89,530
10,222		Macerich Co		180,009
10,138		Mack-Cali Realty Corp		231,146
914	*	Main Street Capital Corp		12,513
10,382		Medical Properties Trust, Inc		63,019

129

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
27,619		MFA Mortgage Investments, Inc	$	191,123
3,651		Mid-America Apartment Communities, Inc		134,028
2,132		Mission West Properties, Inc		14,562
3,849		Monmouth Real Estate Investment Corp (Class A)		22,555
2,771		MVC Capital, Inc		23,443
3,376		National Health Investors, Inc		90,173
10,103		National Retail Properties, Inc		175,287
13,127		Nationwide Health Properties, Inc		337,889
7,504		NorthStar Realty Finance Corp		21,236
10,658		Omega Healthcare Investors, Inc		165,412
3,412		Parkway Properties, Inc		44,356
5,663		Pennsylvania Real Estate Investment Trust		28,315
21,131		Plum Creek Timber Co, Inc		629,281
5,768		Post Properties, Inc		77,522
5,184		Potlatch Corp		125,919
57,530		Prologis		463,692
5,470		Prospect Capital Corp		50,324
1,958		PS Business Parks, Inc		94,846
17,441		Public Storage, Inc		1,142,036
8,855		RAIT Investment Trust		12,131
2,353		Ramco-Gershenson Properties		23,554
13,175		Realty Income Corp		288,796
9,942		Redwood Trust, Inc		146,744
10,382		Regency Centers Corp		362,436
2,885		Resource Capital Corp		9,232
1,219		Saul Centers, Inc		36,046
15,555		Senior Housing Properties Trust		253,858
30,852		Simon Property Group, Inc		1,586,717
9,754		SL Green Realty Corp		223,757
2,928		Sovran Self Storage, Inc		72,029
1,424	*	SRS Labs, Inc		9,470
19,933		Strategic Hotels & Resorts, Inc		22,126
2,114		Sun Communities, Inc		29,131
9,769		Sunstone Hotel Investors, Inc		52,264
4,608		Tanger Factory Outlet Centers, Inc		149,437
6,878		Taubman Centers, Inc		184,743
19,484		UDR, Inc		201,270
1,151		UMH Properties, Inc		9,173
2,001		Universal Health Realty Income Trust		63,072
2,642		Urstadt Biddle Properties, Inc (Class A)		37,199
5,592		U-Store-It Trust		27,401
20,133		Ventas, Inc		601,171
38,112		Virgin Media, Inc		356,347
1,018	*	Virtus Investment Partners, Inc		14,954
19,853		Vornado Realty Trust		893,981
8,342		WABCO Holdings, Inc		147,654
2,804	*	Walter Investment Management Corp		37,237
7,573		Washington Real Estate Investment Trust		169,408
13,552		Weingarten Realty Investors		196,640
900		Winthrop Realty Trust		8,037
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		37,277,702

130

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
HOTELS AND OTHER LODGING PLACES - 0.24%
3,304		Ameristar Casinos, Inc	$	62,875
5,191	*	Bluegreen Corp		13,081
7,647		Boyd Gaming Corp		65,000
3,826		Choice Hotels International, Inc		101,810
4,788	*	Gaylord Entertainment Co		60,855
4,680	*	Great Wolf Resorts, Inc		9,547
2,570	*	Isle of Capri Casinos, Inc		34,232
38,773	*	Las Vegas Sands Corp		304,756
2,030		Marcus Corp		21,356
38,525		Marriott International, Inc (Class A)		850,237
26,513	*	MGM Mirage		169,418
951	*	Monarch Casino & Resort, Inc		6,942
3,148	*	Morgans Hotel Group Co		12,057
10,845	*	Orient-Express Hotels Ltd (Class A)		92,074
1,967	*	Outdoor Channel Holdings, Inc		11,605
1,672	*	Red Lion Hotels Corp		8,026
24,018		Starwood Hotels & Resorts Worldwide, Inc		533,200
3,654	*	Vail Resorts, Inc		98,000
23,139		Wyndham Worldwide Corp		280,445
8,719		Wynn Resorts Ltd		307,781
		TOTAL HOTELS AND OTHER LODGING PLACES		3,043,297
INDUSTRIAL MACHINERY AND EQUIPMENT - 5.29%
2,983	*	3PAR, Inc		36,989
2,373		Aaon, Inc		47,270
8,037		Actuant Corp (Class A)		98,051
11,867	*	AGCO Corp		344,973
699		Alamo Group, Inc		7,060
6,914	*	Allis-Chalmers Energy, Inc		15,971
2,657	*	Altra Holdings, Inc		19,901
1,082		Ampco-Pittsburgh Corp		25,373
172,916		Applied Materials, Inc		1,896,889
954	*	Argan, Inc		13,480
2,323	*	Astec Industries, Inc		68,970
7,785		Black & Decker Corp		223,118
2,281		Black Box Corp		76,345
4,309	*	Blount International, Inc		37,100
985	*	Bolt Technology Corp		11,071
6,555		Briggs & Stratton Corp		87,444
49,965	*	Brocade Communications Systems, Inc		390,726
7,493	*	Brooks Automation, Inc		33,569
9,920		Bucyrus International, Inc (Class A)		283,315
7,851		Carlisle Cos, Inc		188,738
1,378		Cascade Corp		21,676
78,167		Caterpillar, Inc		2,582,637
8,279	*	Cirrus Logic, Inc		37,256
5,145	*	Colfax Corp		39,719
2,552	*	Columbus McKinnon Corp		32,283
6,267	*	Cray, Inc		49,384
25,924		Cummins, Inc		912,784
5,715		Curtiss-Wright Corp		169,907

131

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
4,059	*	Cymer, Inc	$	120,674
54,898		Deere & Co		2,193,175
222,693	*	Dell, Inc		3,057,575
8,367		Diebold, Inc		220,554
10,030		Donaldson Co, Inc		347,439
24,170		Dover Corp		799,785
10,685	*	Dresser-Rand Group, Inc		278,879
3,785	*	Dril-Quip, Inc		144,209
261,490	*	EMC Corp		3,425,519
10,818	*	Emulex Corp		105,800
6,271	*	Ener1, Inc		34,240
5,116	*	ENGlobal Corp		25,171
2,632	*	EnPro Industries, Inc		47,402
12,825	*	Entegris, Inc		34,884
9,915	*	Extreme Networks, Inc		19,830
2,058	*	Flanders Corp		12,574
3,885	*	Flow International Corp		9,130
7,313		Flowserve Corp		510,521
16,060	*	FMC Technologies, Inc		603,534
2,934	*	Fuel Tech, Inc		28,460
6,731	*	Gardner Denver, Inc		169,419
1,618		Gorman-Rupp Co		32,635
7,847		Graco, Inc		172,791
2,859		Graham Corp		38,025
965	*	Harbin Electric, Inc		15,093
310,587		Hewlett-Packard Co		12,004,188
592	*	Hurco Cos, Inc		9,253
10,738		IDEX Corp		263,833
5,014	*	Immersion Corp		24,769
8,630	*	Intermec, Inc		111,327
171,625		International Business Machines Corp		17,921,082
38,897		International Game Technology		618,462
3,013	*	Intevac, Inc		26,243
3,993	*	Isilon Systems, Inc		16,930
23,326		ITT Industries, Inc		1,038,007
24,795		Jabil Circuit, Inc		183,979
3,112		John Bean Technologies Corp		38,962
76,859		Johnson Controls, Inc		1,669,377
13,124		Joy Global, Inc		468,789
1,309	*	Kadant, Inc		14,779
4,331		Kaydon Corp		141,017
9,515		Kennametal, Inc		182,498
9,033	*	Kulicke & Soffa Industries, Inc		30,983
16,239	*	Lam Research Corp		422,214
6,155		Lennox International, Inc		197,637
9,747	*	Lexmark International, Inc (Class A)		154,490
1,433		Lindsay Manufacturing Co		47,432
1,777		Lufkin Industries, Inc		74,723
17,162		Manitowoc Co, Inc		90,272
1,685		Met-Pro Corp		18,232
10,459	*	Micros Systems, Inc		264,822
2,110	*	Middleby Corp		92,671

132

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
3,215		Modine Manufacturing Co	$	15,432
595		Nacco Industries, Inc (Class A)		17,088
2,384	*	NATCO Group, Inc (Class A)		78,481
1,361	*	Natural Gas Services Group, Inc		18,101
6,148	*	Netezza Corp		51,151
4,968	*	Netgear, Inc		71,589
4,344		Nordson Corp		167,939
42,015		Northrop Grumman Corp		1,919,245
6,413	*	Oil States International, Inc		155,259
15,263		Pall Corp		405,385
17,675		Palm, Inc		292,875
26,843		Pitney Bowes, Inc		588,667
1,439	*	PMFG, Inc		12,678
1,106		Primoris Services Corp		8,207
27,783	*	Quantum Corp		23,060
3,486	*	Rackable Systems, Inc		15,826
51,546		Raytheon Co		2,290,189
2,785	*	RBC Bearings, Inc		56,953
2,264	*	Rimage Corp		37,605
7,242	*	Riverbed Technology, Inc		167,942
3,362		Robbins & Myers, Inc		64,719
11,830	*	Safeguard Scientifics, Inc		15,616
29,495	*	SanDisk Corp		433,282
1,058		Sauer-Danfoss, Inc		6,486
3,581	*	Scansource, Inc		87,806
8,322	*	Scientific Games Corp (Class A)		131,238
63,799		Seagate Technology, Inc		667,338
2,131	*,m	Seagate Technology, Inc		0
1,549	*	Semitool, Inc		7,156
3,329	*	Sigma Designs, Inc		53,397
6,413		SPX Corp		314,045
2,334		Standex International Corp		27,074
3,292	*	STEC, Inc		76,341
2,579	*	Super Micro Computer, Inc		19,755
1,414	*	T-3 Energy Services, Inc		16,841
1,732	*	Tecumseh Products Co (Class A)		16,818
2,288		Tennant Co		42,076
22,465	*	Teradata Corp		526,355
13,428	*	Terex Corp		162,076
37,576		Textron, Inc		362,984
12,597		Timken Co		215,157
4,625		Toro Co		138,288
934		Twin Disc, Inc		6,361
2,552	*	Ultratech, Inc		31,415
16,351	*	Varian Medical Systems, Inc		574,574
9,420	*	VeriFone Holdings, Inc		70,744
3,105		Watsco, Inc		151,928
29,164	*	Western Digital Corp		772,846
7,547		Woodward Governor Co		149,431
7,922	*	Zebra Technologies Corp (Class A)		187,435
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		68,049,542

133

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
INSTRUMENTS AND RELATED PRODUCTS - 3.59%
2,960	*	Abaxis, Inc	$	60,798
4,993	*	Abiomed, Inc		44,038
5,062	*	Accuray, Inc		33,764
9,131	*	Affymetrix, Inc		54,147
44,533	*	Agilent Technologies, Inc		904,465
7,349	*	Align Technology, Inc		77,899
39,545		Allergan, Inc		1,881,551
3,717	*	Alphatec Holdings, Inc		12,340
9,693	*	American Medical Systems Holdings, Inc		153,149
1,195		American Science & Engineering, Inc		82,598
1,646		Analogic Corp		60,820
2,042	*	Anaren, Inc		36,103
3,593	*	Angiodynamics, Inc		47,679
1,785	*	Argon ST, Inc		36,717
2,179	*	Aspect Medical Systems, Inc		12,878
334		Atrion Corp		44,786
5,961	*	ATS Medical, Inc		19,612
1,414	*	Axsys Technologies, Inc		75,847
1,919		Badger Meter, Inc		78,679
13,094		Bard (C.R.), Inc		974,848
78,568		Baxter International, Inc		4,160,960
9,264		Beckman Coulter, Inc		529,345
31,119		Becton Dickinson & Co		2,219,096
2,518	*	Bio-Rad Laboratories, Inc (Class A)		190,059
195,349	*	Boston Scientific Corp		1,980,839
2,164	*	Bovie Medical Corp		18,848
6,313	*	Bruker BioSciences Corp		58,458
1,243	*	Cantel Medical Corp		20,174
2,200	*	Cardiac Science Corp		8,844
3,126	*	CardioNet, Inc		51,016
6,851	*	Cepheid, Inc		64,536
3,983	*	Clarient, Inc		14,817
2,681	*	Coherent, Inc		55,443
3,077		Cohu, Inc		27,631
3,896	*	Conmed Corp		60,466
5,775		Cooper Cos, Inc		142,816
1,698	*	Cutera, Inc		14,637
3,519	*	Cyberonics, Inc		58,521
854	*	Cynosure, Inc (Class A)		6,533
33,579		Danaher Corp		2,073,167
2,931	*	Delcath Systems, Inc		10,493
19,118		Dentsply International, Inc		583,481
5,637	*	Depomed, Inc		18,320
5,908	*	DexCom, Inc		36,571
2,510	*	Dionex Corp		153,185
815	*	DXP Enterprises, Inc		9,348
34,476		Eastman Kodak Co		102,049
2,242	*	Electro-Optical Sciences, Inc		17,465
97,592		Emerson Electric Co		3,161,982
5,762	*	Endologix, Inc		19,245
2,008	*	EnteroMedics, Inc		6,687

134

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
3,411	*	ESCO Technologies, Inc	$	152,813
3,983	*	Esterline Technologies Corp		107,820
9,164	*	ev3, Inc		98,238
789	*	Exactech, Inc		11,441
2,437	*	FARO Technologies, Inc		37,847
5,046	*	FEI Co		115,553
1,318	*	FGX International Holdings Ltd		14,999
19,340	*	Flir Systems, Inc		436,310
6,633	*	Formfactor, Inc		114,353
5,812	*	Fossil, Inc		139,953
14,604		Garmin Ltd		347,868
3,428	*	Haemonetics Corp		195,396
4,321	*	Hanger Orthopedic Group, Inc		58,722
3,250	*	Harvard Bioscience, Inc		12,838
1,515	*	Herley Industries, Inc		16,620
8,064		Hillenbrand, Inc		134,185
33,310	*	Hologic, Inc		474,001
1,483	*	Home Diagnostics, Inc		9,106
1,707	*	ICU Medical, Inc		70,243
419	*	ICx Technologies, Inc		2,514
2,066	*	I-Flow Corp		14,338
3,047	*	II-VI, Inc		67,552
15,950	*	Illumina, Inc		621,093
3,467	*	Insulet Corp		26,696
2,180	*	Integra LifeSciences Holdings Corp		57,792
4,948	*	Intuitive Surgical, Inc		809,790
3,574		Invacare Corp		63,081
15,121	*	ION Geophysical Corp		38,861
2,036	*	IRIS International, Inc		24,025
4,236	*	ISTA Pharmaceuticals, Inc		17,791
5,126	*	Itron, Inc		282,289
3,573	*	Ixia		24,082
948	*	Kensey Nash Corp		24,847
22,043		Kla-Tencor Corp		556,586
7,852	*	Kopin Corp		28,817
268	*	K-Tron International, Inc		21,354
1,851	*	KVH Industries, Inc		12,642
9,771	*	L-1 Identity Solutions, Inc		75,628
1,362	*	LaBarge, Inc		12,626
1,735	*	MAKO Surgical Corp		15,650
6,574	*	Masimo Corp		158,499
1,147	*	Measurement Specialties, Inc		8,086
1,341	*	Medical Action Industries, Inc		15,354
145,388		Medtronic, Inc		5,072,586
3,400	*	Merit Medical Systems, Inc		55,420
4,417	*	Mettler-Toledo International, Inc		340,772
1,584	*	Micrus Endovascular Corp		14,319
7,156	*	Millipore Corp		502,423
3,609		Mine Safety Appliances Co		86,977
6,958	*	MKS Instruments, Inc		91,776
1,630		Movado Group, Inc		17,180
2,975		MTS Systems Corp		61,434

135

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
7,701		National Instruments Corp	$	173,735
3,129	*	Natus Medical, Inc		36,109
2,454	*	Neogen Corp		71,117
4,256	*	Newport Corp		24,642
4,581	*	NuVasive, Inc		204,313
2,263	*	NxStage Medical, Inc		13,352
2,234	*	Orthofix International NV		55,872
7,270	*	Orthovita, Inc		37,441
381	*	OYO Geospace Corp		9,776
2,379	*	Palomar Medical Technologies, Inc		34,876
14,992		PerkinElmer, Inc		260,861
9,998	*	Resmed, Inc		407,219
1,284	*	Rochester Medical Corp		17,206
18,404		Rockwell Automation, Inc		591,136
20,717		Rockwell Collins, Inc		864,520
1,897	*	Rockwell Medical Technologies, Inc		14,322
4,337	*	Rofin-Sinar Technologies, Inc		86,783
11,785		Roper Industries, Inc		533,978
2,820	*	Rudolph Technologies, Inc		15,566
2,186	*	Sirona Dental Systems, Inc		43,698
1,386	*	Somanetics Corp		22,883
2,793	*	SonoSite, Inc		56,028
3,010	*	Spectranetics Corp		14,839
44,923	*	St. Jude Medical, Inc		1,846,335
8,250	*	Star Scientific, Inc		7,343
2,943	*	Stereotaxis, Inc		11,419
7,340		STERIS Corp		191,427
43,945		Stryker Corp		1,746,374
4,705	*	Symmetry Medical, Inc		43,851
1,402	*	Synovis Life Technologies, Inc		29,120
4,978		Techne Corp		317,646
4,584	*	Teledyne Technologies, Inc		150,126
22,236	*	Teradyne, Inc		152,539
54,469	*	Thermo Electron Corp		2,220,702
7,338	*	Thoratec Corp		196,512
1,404	*	Trans1, Inc		8,747
15,498	*	Trimble Navigation Ltd		304,226
399		Utah Medical Products, Inc		10,657
3,798	*	Varian, Inc		149,755
2,153	*	Vascular Solutions, Inc		16,836
4,134	*	Veeco Instruments, Inc		47,913
2,190	*	Vital Images, Inc		24,857
8,747	*	Vivus, Inc		53,182
6,579	*	Volcano Corp		91,974
12,669	*	Waters Corp		652,073
4,910	*	Wright Medical Group, Inc		79,837
112,291		Xerox Corp		727,646
727		Young Innovations, Inc		15,841
28,077	*	Zimmer Holdings, Inc		1,196,080
2,685	*	Zoll Medical Corp		51,928
1,695	*	Zygo Corp		7,899
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		46,282,053

136

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
INSURANCE AGENTS, BROKERS AND SERVICE - 0.32%
35,931		AON Corp	$	1,360,707
13,016		Arthur J. Gallagher & Co		277,761
15,342		Brown & Brown, Inc		305,766
3,194	*	Crawford & Co (Class B)		15,331
42,182		Hartford Financial Services Group, Inc		500,700
850		Life Partners Holdings, Inc		12,053
67,854		Marsh & McLennan Cos, Inc		1,365,902
6,087		National Financial Partners Corp		44,557
1,032		White Mountains Insurance Group Ltd		236,235
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		4,119,012
INSURANCE CARRIERS - 3.26%
58,055		Aetna, Inc		1,454,278
60,717		Aflac, Inc		1,887,691
672	*	Alleghany Corp		182,112
6,315		Allied World Assurance Holdings Ltd		257,841
69,682		Allstate Corp		1,700,241
40,710		Ambac Financial Group, Inc		37,453
7,935		American Equity Investment Life Holding Co		44,277
11,140		American Financial Group, Inc		240,401
311,944		American International Group, Inc		361,855
1,920		American National Insurance Co		145,114
1,248		American Physicians Capital, Inc		48,872
810		American Physicians Service Group, Inc		18,379
1,178	*	American Safety Insurance Holdings Ltd		16,033
6,831	*	AMERIGROUP Corp		183,412
2,489	*	Amerisafe, Inc		38,729
2,306		Amtrust Financial Services, Inc		26,288
6,788	*	Arch Capital Group Ltd		397,641
4,019	*	Argo Group International Holdings Ltd		113,416
10,857		Aspen Insurance Holdings Ltd		242,545
15,402		Assurant, Inc		371,034
7,941		Assured Guaranty Ltd		98,310
18,397		Axis Capital Holdings Ltd		481,633
975		Baldwin & Lyons, Inc (Class B)		19,208
4,739	*	Catalyst Health Solutions, Inc		118,191
5,618	*	Centene Corp		112,248
45,718		Chubb Corp		1,823,233
35,421		Cigna Corp		853,292
18,685		Cincinnati Financial Corp		417,610
6,538	*	Citizens, Inc (Class A)		39,751
3,480		CNA Financial Corp		53,836
2,171	*	CNA Surety Corp		29,287
24,995	*	Conseco, Inc		59,238
5,567		Delphi Financial Group, Inc (Class A)		108,167
1,472		Donegal Group, Inc (Class A)		22,389
1,068		Eastern Insurance Holdings, Inc		10,050
358		EMC Insurance Group, Inc		7,450
6,574		Employers Holdings, Inc		89,078
6,277		Endurance Specialty Holdings Ltd		183,916

137

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
862	*	Enstar Group Ltd	$	50,729
4,132		Erie Indemnity Co (Class A)		147,760
8,017		Everest Re Group Ltd		573,777
3,039		FBL Financial Group, Inc (Class A)		25,102
30,208		Fidelity National Title Group, Inc (Class A)		408,714
1,688	*	First Acceptance Corp		3,595
11,978		First American Corp		310,350
1,363		First Mercury Financial Corp		18,769
5,082		Flagstone Reinsurance Holdings Ltd		52,345
902	*	Fpic Insurance Group, Inc		27,619
56,164		Genworth Financial, Inc (Class A)		392,586
3,638	*	Greenlight Capital Re Ltd (Class A)		62,974
1,260	*	Hallmark Financial Services		9,009
6,605		Hanover Insurance Group, Inc		251,717
2,025		Harleysville Group, Inc		57,146
14,586		HCC Insurance Holdings, Inc		350,210
13,263	*	Health Net, Inc		206,240
5,835	*	Healthspring, Inc		63,368
5,092		Horace Mann Educators Corp		50,767
21,842	*	Humana, Inc		704,623
675		Independence Holding Co		4,293
2,241		Infinity Property & Casualty Corp		81,707
7,182		IPC Holdings Ltd		196,356
387		Kansas City Life Insurance Co		10,414
24,205		Leucadia National Corp		510,483
33,574		Lincoln National Corp		577,809
42,156		Loews Corp		1,155,074
5,473		Maiden Holdings Ltd		35,903
1,275	*	Markel Corp		359,168
6,214		Max Re Capital Ltd		114,710
17,230	*	MBIA, Inc		74,606
7,466		Meadowbrook Insurance Group, Inc		48,753
700		Mercer Insurance Group, Inc		11,130
3,472		Mercury General Corp		116,069
74,874		Metlife, Inc		2,246,968
5,145	*	Metropolitan Health Networks, Inc		10,341
17,122		MGIC Investment Corp		75,337
1,846	*	Molina Healthcare, Inc		44,156
10,728		Montpelier Re Holdings Ltd		142,575
1,259		National Interstate Corp		19,112
293		National Western Life Insurance Co (Class A)		34,208
1,719	*	Navigators Group, Inc		76,375
529		NYMAGIC, Inc		7,343
2,219		Odyssey Re Holdings Corp		88,716
30,715		Old Republic International Corp		302,543
2,838		OneBeacon Insurance Group Ltd (Class A)		33,176
7,153		PartnerRe Ltd		464,587
19,204		Phoenix Cos, Inc		32,071
6,538		Platinum Underwriters Holdings Ltd		186,921
3,736	*	PMA Capital Corp (Class A)		16,999
13,562		PMI Group, Inc		26,853
2,046		Presidential Life Corp		15,488

138

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
3,955	*	Primus Guaranty Ltd	$	9,334
40,365		Principal Financial Group		760,477
4,187	*	ProAssurance Corp		193,481
88,467		Progressive Corp		1,336,736
11,141		Protective Life Corp		127,453
55,122		Prudential Financial, Inc		2,051,640
10,944		Radian Group, Inc		29,768
2,351	*	RadNet, Inc		5,290
9,103		Reinsurance Group of America, Inc (Class A)		317,786
7,967		RenaissanceRe Holdings Ltd		370,784
2,542		RLI Corp		113,882
2,069		Safety Insurance Group, Inc		63,229
2,764	*	SeaBright Insurance Holdings, Inc		27,999
7,228		Selective Insurance Group, Inc		92,302
6,386		Stancorp Financial Group, Inc		183,150
1,773		State Auto Financial Corp		31,028
2,253		Stewart Information Services Corp		32,105
10,921		Torchmark Corp		404,514
5,266		Tower Group, Inc		130,491
3,624		Transatlantic Holdings, Inc		157,028
76,046		Travelers Cos, Inc		3,120,927
2,648	*	Triple-S Management Corp (Class B)		41,282
4,504	*	United America Indemnity Ltd (Class A)		21,574
2,585		United Fire & Casualty Co		44,333
154,478		UnitedHealth Group, Inc		3,858,860
5,508		Unitrin, Inc		66,206
3,792	*	Universal American Financial Corp		33,066
1,705	*	Universal Insurance Holdings, Inc		8,559
43,208		UnumProvident Corp		685,279
5,159		Validus Holdings Ltd		113,395
17,264		W.R. Berkley Corp		370,658
5,450	*	WellCare Health Plans, Inc		100,771
62,942	*	WellPoint, Inc		3,203,118
199		Wesco Financial Corp		57,909
44,362		XL Capital Ltd (Class A)		508,389
4,822		Zenith National Insurance Corp		104,830
		TOTAL INSURANCE CARRIERS		41,959,776
JUSTICE, PUBLIC ORDER AND SAFETY - 0.03%
2,084	*	China Fire & Security Group, Inc		25,362
14,866	*	Corrections Corp of America		252,573
6,685	*	Geo Group, Inc		124,208
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		402,143
LEATHER AND LEATHER PRODUCTS - 0.13%
41,171		Coach, Inc		1,106,677
11,920	*	CROCS, Inc		40,528
2,366	*	Genesco, Inc		44,410
7,753	*	Iconix Brand Group, Inc		119,241
2,047	*	Steven Madden Ltd		52,096
6,438	*	Timberland Co (Class A)		85,432
1,327		Weyco Group, Inc		30,640

139

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
6,340		Wolverine World Wide, Inc	$	139,861
		TOTAL LEATHER AND LEATHER PRODUCTS		1,618,885
LEGAL SERVICES - 0.03%
6,558	*	FTI Consulting, Inc		332,621
1,106	*	Pre-Paid Legal Services, Inc		48,211
		TOTAL LEGAL SERVICES		380,832
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.00%**
1,565	*	Emergency Medical Services Corp (Class A)		57,623
		TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		57,623
LUMBER AND WOOD PRODUCTS - 0.01%
1,343		American Woodmark Corp		32,165
1,658		Deltic Timber Corp		58,809
11,789	*	Louisiana-Pacific Corp		40,318
709		Skyline Corp		15,421
2,441		Universal Forest Products, Inc		80,773
		TOTAL LUMBER AND WOOD PRODUCTS		227,486
METAL MINING - 0.53%
6,342	*	Allied Nevada Gold Corp		51,117
16,720		Cleveland-Cliffs, Inc		409,138
8,663	*	Coeur d'Alene Mines Corp		106,555
5,876		Foundation Coal Holdings, Inc		165,174
53,470		Freeport-McMoRan Copper & Gold, Inc (Class B)		2,679,382
28,308	*	Hecla Mining Co		75,865
62,033		Newmont Mining Corp		2,535,289
8,615	*	Paramount Gold and Silver Corp		13,095
8,512	*	Patriot Coal Corp		54,307
6,732	*	Rosetta Resources, Inc		58,905
4,726		Royal Gold, Inc		197,074
4,822	*	ShengdaTech, Inc		18,179
23,121		Southern Copper Corp		472,593
5,111	*	Stillwater Mining Co		29,184
6,264	*	Uranerz Energy Corp		11,776
10,386	*	US Gold Corp		27,419
		TOTAL METAL MINING		6,905,052
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.13%
2,351		Armstrong World Industries, Inc		38,768
661		Blyth, Inc		21,674
9,582		Callaway Golf Co		48,581
3,991		Daktronics, Inc		30,731
15,917		Hasbro, Inc		385,828
5,349	*	Intrepid Potash, Inc		150,200
3,384	*	Jakks Pacific, Inc		43,417
11,151	*	Jarden Corp		209,081
3,206	*	Leapfrog Enterprises, Inc		7,342
589		Marine Products Corp		2,209
46,907		Mattel, Inc		752,857

140

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
674	*	Oil-Dri Corp of America	$	10,009
2,015	*	RC2 Corp		26,658
6,954	*	Shuffle Master, Inc		45,966
773	*	Steinway Musical Instruments, Inc		8,271
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,781,592
MISCELLANEOUS RETAIL - 1.52%
3,043	*	1-800-FLOWERS.COM, Inc (Class A)		5,843
2,597	*	Allion Healthcare, Inc		15,452
42,681	*	Amazon.com, Inc		3,570,693
4,851		Barnes & Noble, Inc		100,076
2,789		Big 5 Sporting Goods Corp		30,846
1,664	*	Blue Nile, Inc		71,535
6,118	*	Borders Group, Inc		22,514
1,412	*	Build-A-Bear Workshop, Inc		6,312
4,945	*	Cabela's, Inc		60,824
3,852		Cash America International, Inc		90,099
7,525	*	CKX, Inc		53,352
6,419	*	Coldwater Creek, Inc		38,899
188,549		CVS Corp		6,009,057
11,390	*	Dick's Sporting Goods, Inc		195,908
11,601	*	Dollar Tree, Inc		488,402
9,521	*	Drugstore.Com		17,328
5,248	*	Ezcorp, Inc (Class A)		56,573
1,259	*	Fuqi International, Inc		26,074
2,837	*	GSI Commerce, Inc		40,427
3,730	*	Hibbett Sports, Inc		67,140
5,105	*	HSN, Inc		53,960
3,430	*	Jo-Ann Stores, Inc		70,898
1,561	*	Kirkland's, Inc		18,748
6,109	*	Marvel Entertainment, Inc		217,419
5,687		MSC Industrial Direct Co (Class A)		201,775
3,938		Nutri/System, Inc		57,101
36,102	*	Office Depot, Inc		164,625
8,862		OfficeMax, Inc		55,653
2,090	*	Overstock.com, Inc		24,996
1,197	*	PC Mall, Inc		8,092
16,262		Petsmart, Inc		348,983
5,407	*	Priceline.com, Inc		603,151
2,097		Pricesmart, Inc		35,125
75,461	*	Rite Aid Corp		113,946
2,731	*	Shutterfly, Inc		38,097
11,099		Signet Jewelers Ltd		231,081
1,595	*	Stamps.com, Inc		13,526
92,513		Staples, Inc		1,865,987
1,478		Systemax, Inc		17,603
16,242		Tiffany & Co		411,897
128,643		Walgreen Co		3,782,104
3,822		World Fuel Services Corp		157,581
5,873	*	Zale Corp		20,203
2,519	*	Zumiez, Inc		20,177
		TOTAL MISCELLANEOUS RETAIL		19,500,082

141

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
MOTION PICTURES - 0.66%
1,582	*	Ascent Media Corp (Series A)	$	42,050
4,057	*	Avid Technology, Inc		54,404
1,462	*	Carmike Cinemas, Inc		12,252
3,892		Cinemark Holdings, Inc		44,057
36,497	*	Discovery Communications, Inc (Class C)		749,283
9,418	*	DreamWorks Animation SKG, Inc (Class A)		259,843
1,564	*	Gaiam, Inc (Class A)		8,555
12,989	*	Macrovision Solutions Corp		283,290
5,561		National CineMedia, Inc		76,519
295,702		News Corp (Class A)		2,693,845
10,943		Regal Entertainment Group (Class A)		145,432
1,223	*	Rentrak Corp		20,094
155,082		Time Warner, Inc		3,906,516
18,707	*	tw telecom inc (Class A)		192,121
		TOTAL MOTION PICTURES		8,488,261
NONDEPOSITORY INSTITUTIONS - 0.62%
6,039		Advance America Cash Advance Centers, Inc		26,753
29,613		American Capital Ltd		95,058
131,770		American Express Co		3,062,334
12,250	*	AmeriCredit Corp		165,988
18,555		Apollo Investment Corp		111,330
12,577		Ares Capital Corp		101,371
405		BlackRock Kelso Capital Corp		2,523
7,063	*	Boise, Inc		12,148
58,648		Capital One Financial Corp		1,283,218
29,945		CapitalSource, Inc		146,132
87,209		Chimera Investment Corp		304,359
52,102		CIT Group, Inc		112,019
2,059	*	CompuCredit Corp		4,736
820	*	Credit Acceptance Corp		17,917
63,026		Discover Financial Services		647,277
4,463	*	Doral Financial Corp		11,158
1,573	*	Encore Capital Group, Inc		20,842
3,883		Financial Federal Corp		79,796
2,987	*	First Cash Financial Services, Inc		52,332
8,315	*	First Marblehead Corp		16,796
2,486		Gladstone Investment Corp		12,007
24,636		GLG Partners, Inc		100,761
10,264	*	Heckmann Corp		38,490
4,585		Hercules Technology Growth Capital, Inc		38,331
2,967	*	Information Services Group, Inc		8,931
4,907		Kohlberg Capital Corp		31,012
12,436		Lender Processing Services, Inc		345,347
8,726	*	MCG Capital Corp		21,204
1,650		Medallion Financial Corp		12,623
3,357	*	Mercadolibre, Inc		90,236
2,474	*	Nelnet, Inc (Class A)		33,622
1,701	*	NewStar Financial, Inc		3,249
2,416		NGP Capital Resources Co		14,182

142

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
5,034	*	Ocwen Financial Corp	$	65,291
2,088		PennantPark Investment Corp		14,825
6,772	*	PHH Corp		123,115
60,793	*	SLM Corp		624,344
408		Student Loan Corp		15,178
3,545		TICC Capital Corp		15,633
669	*	Tree.com, Inc		6,422
968	*	Triangle Capital Corp		10,571
1,952	*	World Acceptance Corp		38,864
		TOTAL NONDEPOSITORY INSTITUTIONS		7,938,325
NONMETALLIC MINERALS, EXCEPT FUELS - 0.07%
3,417		AMCOL International Corp		73,739
4,883	*	Cardium Therapeutics, Inc		9,034
4,172		Compass Minerals International, Inc		229,085
9,018	*	General Moly, Inc		20,020
230	*	United States Lime & Minerals, Inc		9,757
14,219		Vulcan Materials Co		612,838
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		954,473
OIL AND GAS EXTRACTION - 4.38%
64,612		Anadarko Petroleum Corp		2,932,739
43,609		Apache Corp		3,146,389
793		APCO Argentina, Inc		15,249
1,024	*	Approach Resources, Inc		7,066
4,975	*	Arena Resources, Inc		158,454
4,937		Atlas America, Inc		88,224
4,644	*	ATP Oil & Gas Corp		32,322
7,382	*	Atwood Oceanics, Inc		183,886
40,105		Baker Hughes, Inc		1,461,426
4,274	*	Basic Energy Services, Inc		29,191
5,782		Berry Petroleum Co (Class A)		107,487
4,983	*	Bill Barrett Corp		136,833
37,943		BJ Services Co		517,163
10,529	*	Boots & Coots, Inc		14,635
10,105	*	Brigham Exploration Co		35,266
3,630	*	Bronco Drilling Co, Inc		15,536
13,217		Cabot Oil & Gas Corp		404,969
5,283	*	Cal Dive International, Inc		45,592
27,944	*	Cameron International Corp		790,815
3,623	*	Carrizo Oil & Gas, Inc		62,134
11,138	*	Cheniere Energy, Inc		32,746
81,317		Chesapeake Energy Corp		1,612,516
10,515		Cimarex Energy Co		297,995
614	*	Clayton Williams Energy, Inc		11,586
3,296	*	CNX Gas Corp		86,586
8,804	*	Complete Production Services, Inc		55,993
5,881	*	Comstock Resources, Inc		194,367
9,678	*	Concho Resources, Inc		277,662
1,680	*	Contango Oil & Gas Co		71,383
4,202	*	Continental Resources, Inc		116,606
887	*	CREDO Petroleum Corp		9,473

143

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
858	*	Dawson Geophysical Co	$	25,611
25,397	*	Delta Petroleum Corp		49,016
32,106	*	Denbury Resources, Inc		472,921
57,791		Devon Energy Corp		3,149,610
8,997		Diamond Offshore Drilling, Inc		747,201
6,680	*	Encore Acquisition Co		206,078
12,821	*	Endeavour International Corp		17,437
4,349	*	Energy Recovery, Inc		30,791
18,422		ENSCO International, Inc		642,375
32,461		EOG Resources, Inc		2,204,751
17,009		Equitable Resources, Inc		593,784
18,601	*	EXCO Resources, Inc		240,325
7,973	*	Exterran Holdings, Inc		127,887
14,503	*	Forest Oil Corp		216,385
3,859	*	FX Energy, Inc		14,626
652	*	Geokinetics, Inc		8,900
1,428	*	Georesources, Inc		14,566
13,946	*	Global Industries Ltd		78,934
3,180	*	GMX Resources, Inc		33,835
3,236	*	Goodrich Petroleum Corp		79,573
2,968	*	Gulfport Energy Corp		20,331
116,388		Halliburton Co		2,409,232
4,650	*	Harvest Natural Resources, Inc		20,507
13,120	*	Helix Energy Solutions Group, Inc		142,614
13,442		Helmerich & Payne, Inc		414,955
13,699	*	Hercules Offshore, Inc		54,385
139	*	Isramco, Inc		14,808
1,025		Kayne Anderson Energy Development Co		13,592
17,653	*	Key Energy Services, Inc		101,681
11,413	*	Mariner Energy, Inc		134,103
9,611	*	McMoRan Exploration Co		57,282
36,260	*	Nabors Industries Ltd		564,931
54,229	*	National Oilwell Varco, Inc		1,771,119
16,992	*	Newfield Exploration Co		555,129
11,506	*	Newpark Resources, Inc		32,792
22,355		Noble Energy, Inc		1,318,274
3,656	*	Northern Oil And Gas, Inc		23,289
105,273		Occidental Petroleum Corp		6,928,016
7,100	*	Oceaneering International, Inc		320,920
20,610	*	Oilsands Quest, Inc		19,786
839		Panhandle Oil and Gas, Inc (Class A)		16,470
13,590	*	Parallel Petroleum Corp		26,365
14,520	*	Parker Drilling Co		63,017
19,984		Patterson-UTI Energy, Inc		256,994
5,835		Penn Virginia Corp		95,519
35,820	*	PetroHawk Energy Corp		798,786
1,930	*	Petroleum Development Corp		30,282
6,790	*	Petroquest Energy, Inc		25,055
6,202	*	Pioneer Drilling Co		29,708
14,840		Pioneer Natural Resources Co		378,420
15,571	*	Plains Exploration & Production Co		426,023
2,134	*	PowerSecure International, Inc		9,091

144

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
22,221	*	Pride International, Inc	$	556,858
15,275	*	Quicksilver Resources, Inc		141,905
20,027		Range Resources Corp		829,318
4,567	*	Rex Energy Corp		26,032
14,700		Rowan Cos, Inc		284,004
3,480		RPC, Inc		29,058
155,383		Schlumberger Ltd		8,407,773
2,687	*	SEACOR Holdings, Inc		202,170
28,462		Smith International, Inc		732,897
44,498	*	Southwestern Energy Co		1,728,747
8,106		St. Mary Land & Exploration Co		169,172
5,313	*	Stone Energy Corp		39,422
10,362	*	Sulphco, Inc		9,533
10,423	*	Superior Energy Services		180,005
2,145	*	Superior Well Services, Inc		12,763
3,682	*	Swift Energy Co		61,305
8,467	*	Syntroleum Corp		18,712
9,129	*	Tetra Technologies, Inc		72,667
1,676	*	TGC Industries, Inc		8,162
6,759		Tidewater, Inc		289,758
2,463		Toreador Resources Corp		16,502
1,437	*	Union Drilling, Inc		9,513
5,395	*	Unit Corp		148,740
8,415	*	Vaalco Energy, Inc		35,595
3,880	*	Venoco, Inc		29,760
4,456		W&T Offshore, Inc		43,401
7,282	*	Warren Resources, Inc		17,841
6,449	*	Whiting Petroleum Corp		226,747
5,721	*	Willbros Group, Inc		71,570
74,875		XTO Energy, Inc		2,855,733
1,544	*	Zion Oil & Gas, Inc		16,397
		TOTAL OIL AND GAS EXTRACTION		56,252,431
PAPER AND ALLIED PRODUCTS - 0.45%
12,961		Bemis Co		326,617
6,263	*	Buckeye Technologies, Inc		28,121
5,407	*	Cenveo, Inc		22,872
5,532	*	Domtar Corporation		91,721
6,091		Glatfelter		54,210
16,329	*	Graphic Packaging Holding Co		29,882
4,333		Greif, Inc (Class A)		191,605
55,648		International Paper Co		841,954
2,612	*	Kapstone Paper and Packaging Corp		12,250
53,794		Kimberly-Clark Corp		2,820,419
21,805		MeadWestvaco Corp		357,820
1,522		Neenah Paper, Inc		13,409
604	*	Orchids Paper Products Co		12,412
13,160		Packaging Corp of America		213,192
4,823		Rock-Tenn Co (Class A)		184,046
2,229		Schweitzer-Mauduit International, Inc		60,651
13,088		Sonoco Products Co		313,458
13,554		Temple-Inland, Inc		177,828

145

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
6,546		Wausau Paper Corp	$	43,989
		TOTAL PAPER AND ALLIED PRODUCTS		5,796,456
PERSONAL SERVICES - 0.15%
17,090		Cintas Corp		390,336
3,925	*	Coinstar, Inc		104,798
626		CPI Corp		10,636
2,660		G & K Services, Inc (Class A)		56,259
44,124		H&R Block, Inc		760,256
3,281		Jackson Hewitt Tax Service, Inc		20,539
1,501	*	Mac-Gray Corp		19,873
5,717		Regis Corp		99,533
11,087	*	Sally Beauty Holdings, Inc		70,513
33,720		Service Corp International		184,786
1,671	*	Steiner Leisure Ltd		51,016
1,834		Unifirst Corp		68,170
4,246		Weight Watchers International, Inc		109,419
		TOTAL PERSONAL SERVICES		1,946,134
PETROLEUM AND COAL PRODUCTS - 6.11%
1,357		Alon USA Energy, Inc		14,045
9,570		Ashland, Inc		268,439
260,504		Chevron Corp		17,258,389
192,529		ConocoPhillips		8,097,770
4,142	*	CVR Energy, Inc		30,361
874		Delek US Holdings, Inc		7,412
634,100		Exxon Mobil Corp		44,329,930
13,645		Frontier Oil Corp		178,886
26,867	*	Gran Tierra Energy, Inc		92,691
7,698	*	Headwaters, Inc		25,865
37,729		Hess Corp		2,027,934
5,556		Holly Corp		99,897
91,738		Marathon Oil Corp		2,764,066
24,787		Murphy Oil Corp		1,346,430
1,178		Quaker Chemical Corp		15,656
16,179	*	SandRidge Energy, Inc		137,845
15,161		Sunoco, Inc		351,735
17,975		Tesoro Corp		228,822
67,065		Valero Energy Corp		1,132,728
2,698		WD-40 Co		78,242
4,705	*	Western Refining, Inc		33,217
		TOTAL PETROLEUM AND COAL PRODUCTS		78,520,360
PIPELINES, EXCEPT NATURAL GAS - 0.11%
83,783		Spectra Energy Corp		1,417,608
		TOTAL PIPELINES, EXCEPT NATURAL GAS		1,417,608
PRIMARY METAL INDUSTRIES - 0.89%
14,363		AK Steel Holding Corp		275,626
127,181		Alcoa, Inc		1,313,779
12,699		Allegheny Technologies, Inc		443,576
6,136		Belden CDT, Inc		102,471

146

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,402	*	Brush Engineered Materials, Inc	$	40,234
5,721		Carpenter Technology Corp		119,054
6,598	*	Century Aluminum Co		41,106
10,798	*	CommScope, Inc		283,555
201,775		Corning, Inc		3,240,507
2,476		Encore Wire Corp		52,863
1,609	*	Fushi Copperweld, Inc		13,306
6,782	*	General Cable Corp		254,868
3,066	*	General Steel Holdings, Inc		12,172
3,250		Gibraltar Industries, Inc		22,328
1,635	*	Haynes International, Inc		38,750
6,022	*	Horsehead Holding Corp		44,864
7,173		Hubbell, Inc (Class B)		229,966
4,217		Matthews International Corp (Class A)		131,234
5,352	*	Metalico, Inc		24,940
4,809		Mueller Industries, Inc		100,027
1,181	*	Northwest Pipe Co		41,052
40,757		Nucor Corp		1,810,833
1,023		Olympic Steel, Inc		25,033
18,108		Precision Castparts Corp		1,322,426
3,010	*	RTI International Metals, Inc		53,187
2,903		Schnitzer Steel Industries, Inc (Class A)		153,453
23,516		Steel Dynamics, Inc		346,391
3,063		Texas Industries, Inc		96,056
11,385		Titanium Metals Corp		104,628
3,792		Tredegar Corp		50,509
18,510		United States Steel Corp		661,546
682	*	Universal Stainless & Alloy		11,096
5,984	*	Uranium Energy Corp		17,354
8,327		Worthington Industries, Inc		106,502
		TOTAL PRIMARY METAL INDUSTRIES		11,585,292
PRINTING AND PUBLISHING - 0.29%
8,909	*	ACCO Brands Corp		25,123
5,245		American Greetings Corp (Class A)		61,262
17,052		Belo (A.H.) Corp (Class A)		30,523
5,063		Bowne & Co, Inc		32,960
2,529	*	China Information Security Technology, Inc		7,233
1,053	*	Consolidated Graphics, Inc		18,343
1,056		Courier Corp		16,115
732		CSS Industries, Inc		14,918
3,928	*	Dolan Media Co		50,239
6,902		Dun & Bradstreet Corp		560,511
3,317		Ennis, Inc		41,330
3,424		EW Scripps Co (Class A)		7,156
31,077		Gannett Co, Inc		110,945
5,553		Harte-Hanks, Inc		51,365
5,165		John Wiley & Sons, Inc (Class A)		171,736
3,841		Journal Communications, Inc (Class A)		4,033
2,212	*	Martha Stewart Living Omnimedia, Inc (Class A)		6,769
40,850		McGraw-Hill Cos, Inc		1,229,994
4,384		Meredith Corp		112,011

147

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
13,001	*	MSCI, Inc (Class A)	$	317,744
943		Multi-Color Corp		11,561
15,311		New York Times Co (Class A)		84,364
2,165	*	Playboy Enterprises, Inc (Class B)		5,434
3,992		Primedia, Inc		8,024
26,652		R.R. Donnelley & Sons Co		309,696
1,335		Schawk, Inc (Class A)		10,026
3,036		Scholastic Corp		60,082
1,542		Standard Register Co		5,027
6,500	*	Valassis Communications, Inc		39,715
5,661	*	VistaPrint Ltd		241,442
798		Washington Post Co (Class B)		281,040
		TOTAL PRINTING AND PUBLISHING		3,926,721
RAILROAD TRANSPORTATION - 0.76%
34,130		Burlington Northern Santa Fe Corp		2,509,920
50,823		CSX Corp		1,760,000
4,300	*	Genesee & Wyoming, Inc (Class A)		113,993
11,671	*	Kansas City Southern Industries, Inc		188,020
47,665		Norfolk Southern Corp		1,795,541
65,471		Union Pacific Corp		3,408,420
		TOTAL RAILROAD TRANSPORTATION		9,775,894
REAL ESTATE - 0.07%
27,771	*	CB Richard Ellis Group, Inc (Class A)		259,937
3,396	*	China Housing & Land Development, Inc		19,561
570		Consolidated-Tomoka Land Co		19,996
3,053		DuPont Fabros Technology, Inc		28,759
14,636		Forest City Enterprises, Inc (Class A)		96,598
4,924	*	Forestar Real Estate Group, Inc		58,497
4,552		Jones Lang LaSalle, Inc		148,987
2,864	*	LoopNet, Inc		22,196
2,303	*	Reading International, Inc		10,479
12,009	*	St. Joe Co		318,118
9,077		Stewart Enterprises, Inc (Class A)		43,751
		TOTAL REAL ESTATE		1,026,879
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.14%
4,115		A. Schulman, Inc		62,178
650	*	AEP Industries, Inc		17,154
7,718		Cooper Tire & Rubber Co		76,563
1,698	*	Deckers Outdoor Corp		119,318
31,815	*	Goodyear Tire & Rubber Co		358,237
4,132	*	Metabolix, Inc		33,965
35,613		Newell Rubbermaid, Inc		370,731
20,505		Sealed Air Corp		378,317
3,771	*	Skechers U.S.A., Inc (Class A)		36,843
3,615		Spartech Corp		33,222
5,297		Titan International, Inc		39,569
2,290	*	Trex Co, Inc		30,617
7,940		Tupperware Corp		206,599

148

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
4,353		West Pharmaceutical Services, Inc	$	151,702
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		1,915,015
SECURITY AND COMMODITY BROKERS - 2.49%
28,442		Ameriprise Financial, Inc		690,287
2,612		BlackRock, Inc		458,197
4,583	*	Broadpoint Securities Group, Inc		25,573
18,019		Broadridge Financial Solutions, Inc		298,755
3,140		Calamos Asset Management, Inc (Class A)		44,305
123,338		Charles Schwab Corp		2,163,349
8,622		CME Group, Inc		2,682,390
1,782		Cohen & Steers, Inc		26,641
230		Diamond Hill Investment Group, Inc		9,241
2,125		Duff & Phelps Corp		37,783
63,445	*	E*Trade Financial Corp		81,210
15,120		Eaton Vance Corp		404,460
1,720		Epoch Holding Corp		14,861
1,369		Evercore Partners, Inc (Class A)		26,887
2,781	*	FBR Capital Markets Corp		13,071
6,966	*	FCStone Group, Inc		27,516
11,454		Federated Investors, Inc (Class B)		275,927
2,534		Fifth Street Finance Corp		25,441
19,705		Franklin Resources, Inc		1,418,957
918		GAMCO Investors, Inc (Class A)		44,523
9,191		GFI Group, Inc		61,947
65,353		Goldman Sachs Group, Inc		9,635,646
2,668		Greenhill & Co, Inc		192,656
5,291	*	Interactive Brokers Group, Inc (Class A)		82,169
9,455	*	IntercontinentalExchange, Inc		1,080,139
54,072		Invesco Ltd		963,563
5,637	*	Investment Technology Group, Inc		114,938
21,192		Janus Capital Group, Inc		241,589
15,107	*	Jefferies Group, Inc		322,232
1,865		JMP Group, Inc		14,342
4,543	*	KBW, Inc		130,657
12,211	*	Knight Capital Group, Inc (Class A)		208,198
10,177	*	LaBranche & Co, Inc		43,761
9,750		Lazard Ltd (Class A)		262,470
17,982		Legg Mason, Inc		438,401
4,116	*	MarketAxess Holdings, Inc		39,225
13,798	*	MF Global Ltd		81,822
165,119		Morgan Stanley		4,707,543
2,531	*	Morningstar, Inc		104,353
17,468	*	Nasdaq Stock Market, Inc		372,243
33,749		NYSE Euronext		919,660
1,247		Oppenheimer Holdings, Inc		26,399
5,501		optionsXpress Holdings, Inc		85,431
2,573	*	Penson Worldwide, Inc		23,028
2,543	*	Piper Jaffray Cos		111,053
2,515		Pzena Investment Management, Inc (Class A)		19,064
12,710		Raymond James Financial, Inc		218,739
1,329		Sanders Morris Harris Group, Inc		7,310
15,956		SEI Investments Co		287,846

149

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
3,553	*	Stifel Financial Corp	$	170,864
4,033		SWS Group, Inc		56,341
33,388		T Rowe Price Group, Inc		1,391,278
33,916	*	TD Ameritrade Holding Corp		594,887
6	*,m	Teton Advisors, Inc		0
2,164	*	Thomas Weisel Partners Group, Inc		13,027
1,219		US Global Investors, Inc (Class A)		11,288
65		Value Line, Inc		2,137
10,945		Waddell & Reed Financial, Inc (Class A)		288,620
606		Westwood Holdings Group, Inc		25,337
		TOTAL SECURITY AND COMMODITY BROKERS		32,119,577
SOCIAL SERVICES - 0.00%**
2,148	*	Capital Senior Living Corp		9,773
1,666	*	Providence Service Corp		18,243
3,295	*	Res-Care, Inc		47,119
		TOTAL SOCIAL SERVICES		75,135
SPECIAL TRADE CONTRACTORS - 0.10%
445		Alico, Inc		13,359
3,776	*	AsiaInfo Holdings, Inc		64,985
2,952		Chemed Corp		116,545
5,071		Comfort Systems USA, Inc		51,978
5,343	*	Dycom Industries, Inc		59,147
8,373	*	EMCOR Group, Inc		168,464
5,008	*	Insituform Technologies, Inc (Class A)		84,986
1,267	*	Integrated Electrical Services, Inc		9,895
2,505	*	Layne Christensen Co		51,227
25,413	*	Quanta Services, Inc		587,803
		TOTAL SPECIAL TRADE CONTRACTORS		1,208,389
STONE, CLAY, AND GLASS PRODUCTS - 0.57%
90,176		3M Co		5,419,578
3,287		Apogee Enterprises, Inc		40,430
3,360	*	Cabot Microelectronics Corp		95,054
2,901		CARBO Ceramics, Inc		99,214
5,882		Eagle Materials, Inc		148,462
17,375		Gentex Corp		201,550
5,826		Martin Marietta Materials, Inc		459,555
11,003	*	Owens Corning, Inc		140,618
21,823	*	Owens-Illinois, Inc		611,262
6,558	*	US Concrete, Inc		12,985
5,658	*	USG Corp		56,976
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		7,285,684
TEXTILE MILL PRODUCTS - 0.02%
3,567		Albany International Corp (Class A)		40,592
5,514		Interface, Inc (Class A)		34,187
7,339	*	Mohawk Industries, Inc		261,855
1,411		Oxford Industries, Inc		16,438
		TOTAL TEXTILE MILL PRODUCTS		353,072

150

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
TOBACCO PRODUCTS - 1.39%
268,530		Altria Group, Inc	$	4,401,207
19,313		Fortune Brands, Inc		670,934
21,835		Lorillard, Inc		1,479,758
254,766		Philip Morris International, Inc		11,112,892
3,244		Universal Corp		107,409
4,789		Vector Group Ltd		68,435
		TOTAL TOBACCO PRODUCTS		17,840,635
TRANSPORTATION BY AIR - 0.37%
1,495	*	Air Methods Corp		40,903
7,342	*	Air Transport Services Group, Inc		17,033
15,712	*	Airtran Holdings, Inc		97,257
4,725	*	Alaska Air Group, Inc		86,279
2,135	*	Allegiant Travel Co		84,631
37,107	*	AMR Corp		149,170
2,228	*	Atlas Air Worldwide Holdings, Inc		51,668
3,798	*	Bristow Group, Inc		112,535
15,426	*	Continental Airlines, Inc (Class B)		136,674
3,926		Copa Holdings S.A. (Class A)		160,259
100,105	*	Delta Air Lines, Inc		579,608
40,259		FedEx Corp		2,239,207
6,571	*	Hawaiian Holdings, Inc		39,557
28,636	*	JetBlue Airways Corp		122,276
1,339	*	PHI, Inc		22,950
5,528	*	Republic Airways Holdings, Inc		36,098
7,262		Skywest, Inc		74,072
94,379		Southwest Airlines Co		635,172
17,807		UAL Corp		56,804
16,938	*	US Airways Group, Inc		41,159
		TOTAL TRANSPORTATION BY AIR		4,783,312
TRANSPORTATION EQUIPMENT - 2.23%
2,625		A.O. Smith Corp		85,496
5,029	*	AAR Corp		80,715
1,800	*	Aerovironment, Inc		55,548
7,280		American Axle & Manufacturing Holdings, Inc		25,043
961		American Railcar Industries, Inc		7,938
2,224	*	Amerigon, Inc (Class A)		13,566
11,013		ArvinMeritor, Inc		48,347
2,451	*	ATC Technology Corp		35,540
10,909		Autoliv, Inc		313,852
12,655	*	BE Aerospace, Inc		181,726
94,321		Boeing Co		4,008,643
13,169		Brunswick Corp		56,890
6,540		Clarcor, Inc		190,903
2,519	*	Cogo Group, Inc		15,038
16,715	*	Dana Holding Corp		21,395
1,327	*	Dorman Products, Inc		18,352
1,185		Ducommun, Inc		22,266
2,738	*	Federal Mogul Corp (Class A)		25,874

151

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
6,405		Federal Signal Corp	$	48,998
8,609	*	Force Protection, Inc		76,104
405,948	*	Ford Motor Co		2,464,105
1,243		Freightcar America, Inc		20,895
1,405	*	Fuel Systems Solutions, Inc		28,367
6,305	*	GenCorp, Inc		12,043
44,902		General Dynamics Corp		2,487,122
967	*	GenTek, Inc		21,593
20,772		Genuine Parts Co		697,108
16,080		Goodrich Corp		803,518
2,484		Greenbrier Cos, Inc		17,860
2,940		Group 1 Automotive, Inc		76,499
30,428		Harley-Davidson, Inc		493,238
10,447		Harsco Corp		295,650
3,060		Heico Corp		110,956
96,377		Honeywell International, Inc		3,026,237
3,347		Kaman Corp		55,895
19,345	*	Lear Corp		9,673
989	*	LMI Aerospace, Inc		10,009
41,552		Lockheed Martin Corp		3,351,168
1,233	*	Miller Industries, Inc		10,850
8,060	*	Navistar International Corp		351,416
7,346	*	Orbital Sciences Corp		111,439
9,689		Oshkosh Truck Corp		140,878
46,946		Paccar, Inc		1,526,214
3,995		Polaris Industries, Inc		128,319
887		Portec Rail Products, Inc		8,737
4,271		Spartan Motors, Inc		48,390
13,465	*	Spirit Aerosystems Holdings, Inc (Class A)		185,009
2,028	*	Standard Motor Products, Inc		16,772
3,010		Superior Industries International, Inc		42,441
6,893	*	Tenneco, Inc		73,066
4,543		Thor Industries, Inc		83,455
718	*	Todd Shipyards Corp		11,955
5,159	*	TransDigm Group, Inc		186,756
10,485		Trinity Industries, Inc		142,806
2,012		Triumph Group, Inc		80,480
6,556	*	TRW Automotive Holdings Corp		74,083
108,642		United Technologies Corp		5,645,037
6,267		Westinghouse Air Brake Technologies Corp		201,609
3,222		Winnebago Industries, Inc		23,939
2,429	*	Wonder Auto Technology, Inc		24,606
		TOTAL TRANSPORTATION EQUIPMENT		28,432,427
TRANSPORTATION SERVICES - 0.21%
1,972		Ambassadors Group, Inc		27,154
21,880		CH Robinson Worldwide, Inc		1,141,043
1,114	*	Dynamex, Inc		17,144
27,442		Expeditors International Washington, Inc		914,916
6,316		GATX Corp		162,448
5,377	*	Hub Group, Inc (Class A)		110,981
5,100	*	Interval Leisure Group, Inc		47,533

152

TIAA-CREF FUNDS - Equity Index Fund
SHARES		COMPANY		VALUE
3,552	*	Orbitz Worldwide, Inc	$	6,749
7,266		Pacer International, Inc		16,203
1,339	*	Universal Travel Group		14,983
12,943		UTI Worldwide, Inc		147,550
		TOTAL TRANSPORTATION SERVICES		2,606,704
TRUCKING AND WAREHOUSING - 0.46%
3,275		Arkansas Best Corp		86,296
2,215	*	Celadon Group, Inc		18,584
6,029		Con-way, Inc		212,884
4,576		Forward Air Corp		97,560
6,755		Heartland Express, Inc		99,434
11,103		J.B. Hunt Transport Services, Inc		338,974
6,683		Landstar System, Inc		239,987
2,648	*	Marten Transport Ltd		54,972
3,605	*	Old Dominion Freight Line		121,020
174	*	Patriot Transportation Holding, Inc		12,690
1,527	*	Saia, Inc		27,501
89,724		United Parcel Service, Inc (Class B)		4,485,302
575		Universal Truckload Services, Inc		8,999
973	*	USA Truck, Inc		13,165
5,447		Werner Enterprises, Inc		98,700
11,546	*	YRC Worldwide, Inc		19,975
		TOTAL TRUCKING AND WAREHOUSING		5,936,043
WATER TRANSPORTATION - 0.25%
5,328		Alexander & Baldwin, Inc		124,888
1,004	*	American Commercial Lines, Inc		15,542
57,103		Carnival Corp		1,471,544
6,431		DHT Maritime, Inc		33,506
7,683		Eagle Bulk Shipping, Inc		36,033
6,702		Frontline Ltd		163,261
3,523		Genco Shipping & Trading Ltd		76,520
6,308		General Maritime Corp		62,386
3,615		Golar LNG Ltd		30,908
2,901	*	Gulfmark Offshore, Inc		80,068
6,833		Horizon Lines, Inc (Class A)		26,375
2,819	*	Hornbeck Offshore Services, Inc		60,298
666		International Shipholding Corp		17,955
6,969	*	Kirby Corp		221,546
1,763		Knightsbridge Tankers Ltd		24,047
5,461		Nordic American Tanker Shipping		173,769
4,509	*	Odyssey Marine Exploration, Inc		7,214
2,995		Overseas Shipholding Group, Inc		101,950
17,002		Royal Caribbean Cruises Ltd		230,207
5,409		Ship Finance International Ltd		59,661
1,723	*	TBS International Ltd (Class A)		13,457
5,430		Teekay Corp		114,193
1,432		Teekay Tankers Ltd (Class A)		13,303
3,322	*	Ultrapetrol Bahamas Ltd		14,716
		TOTAL WATER TRANSPORTATION		3,173,347

153

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
WHOLESALE TRADE-DURABLE GOODS - 0.39%
3,013		Agilysys, Inc	$	14,101
5,265		Applied Industrial Technologies, Inc		103,721
15,399	*	Arrow Electronics, Inc		327,075
6,078		Barnes Group, Inc		72,267
6,040	*	Beacon Roofing Supply, Inc		87,338
15,069		BorgWarner, Inc		514,607
2,330		Castle (A.M.) & Co		28,146
1,253	*	Chindex International, Inc		15,500
776		Communications Systems, Inc		7,605
3,833	*	Conceptus, Inc		64,778
2,284	*	DemandTec, Inc		20,099
3,160	*	Digi International, Inc		30,810
3,292	*	Drew Industries, Inc		40,064
763		Eastern Co		12,590
2,139	*	Hansen Medical, Inc		10,567
2,261		Houston Wire & Cable Co		26,929
21,049	*	Ingram Micro, Inc (Class A)		368,357
5,989	*	Insight Enterprises, Inc		57,854
3,808	*	Interline Brands, Inc		52,093
7,431		Knight Transportation, Inc		122,983
427		Lawson Products, Inc		6,068
18,121	*	LKQ Corp		298,090
5,124	*	MedAssets, Inc		99,662
3,374	*	Merge Healthcare, Inc		14,508
1,495	*	MWI Veterinary Supply, Inc		52,116
5,339		Owens & Minor, Inc		233,955
13,619	*	Patterson Cos, Inc		295,531
6,301		PEP Boys - Manny Moe & Jack		63,892
6,617		Pool Corp		109,578
8,016	*	PSS World Medical, Inc		148,376
8,072		Reliance Steel & Aluminum Co		309,884
8,869	*	Solera Holdings, Inc		225,273
1,160	*	Sport Supply Group, Inc		9,964
6,489	*	Tech Data Corp		212,255
1,730	*	Titan Machinery, Inc		21,954
4,598	*	TomoTherapy, Inc		12,645
4,632	*	Tyler Technologies, Inc		72,352
7,992		W.W. Grainger, Inc		654,384
5,502	*	WESCO International, Inc		137,770
1,913	*	West Marine, Inc		10,541
610	*	Willis Lease Finance Corp		8,003
		TOTAL WHOLESALE TRADE-DURABLE GOODS		4,974,285
WHOLESALE TRADE-NONDURABLE GOODS - 0.63%
2,783		Aceto Corp		18,563
10,655		Airgas, Inc		431,846
4,723	*	Akorn, Inc		5,668
10,904	*	Alliance One International, Inc		41,435
8,131		Allscripts Healthcare Solutions, Inc		128,958
2,362		Andersons, Inc		70,718
8,660	*	Bare Escentuals, Inc		76,814
5,334	*	BioScrip, Inc		31,577

154

TIAA-CREF FUNDS- Equity Index Fund

SHARES		COMPANY		VALUE
2,736	*	BMP Sunstone Corp	$	12,969
11,692		Brown-Forman Corp (Class B)		502,523
46,545		Cardinal Health, Inc		1,421,950
5,728	*	Central European Distribution Corp		152,193
1,499	*	Clearwater Paper Corp		37,910
1,264	*	Core-Mark Holding Co, Inc		32,940
23,350	*	Dean Foods Co		448,087
15,638	*	Endo Pharmaceuticals Holdings, Inc		280,233
5,781	*	Fresh Del Monte Produce, Inc		93,999
3,869	*	Green Mountain Coffee Roasters, Inc		228,735
5,271	*	Hain Celestial Group, Inc		82,280
11,718	*	Henry Schein, Inc		561,878
8,261		Herbalife Ltd		260,552
951		Kenneth Cole Productions, Inc (Class A)		6,686
3,409		K-Swiss, Inc (Class A)		28,977
2,233	*	LSB Industries, Inc		36,108
7,176		Men's Wearhouse, Inc		137,636
4,131		Myers Industries, Inc		34,370
1,805		Nash Finch Co		48,843
6,544		Nu Skin Enterprises, Inc (Class A)		100,123
1,214	*	Perry Ellis International, Inc		8,838
2,283	*	School Specialty, Inc		46,139
3,606		Spartan Stores, Inc		44,750
2,409	*	Synutra International, Inc		26,499
76,606		Sysco Corp		1,722,104
12,757		Terra Industries, Inc		308,975
4,520	*	Tractor Supply Co		186,765
5,520	*	United Natural Foods, Inc		144,900
2,875	*	United Stationers, Inc		100,280
537		Valhi, Inc		3,990
2,417	*	Volcom, Inc		30,213
3,726		Zep, Inc		44,898
2,048	*	Zhongpin, Inc		21,217
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		8,004,139
		TOTAL COMMON STOCKS		1,286,824,228
		(Cost $1,435,996,514)
RIGHTS / WARRANTS - 0.00%**
EATING AND DRINKING PLACES - 0.00%**
111		Krispy Kreme Doughnuts, Inc		4
		TOTAL EATING AND DRINKING PLACES		4
		TOTAL RIGHTS / WARRANTS		4
		(Cost $0)
		TOTAL INVESTMENTS - 99.98%		1,286,824,232
		(Cost $1,435,996,514)
		OTHER ASSETS AND LIABILITIES, NET - 0.02%		309,894
		NET ASSETS - 100.00%	$	1,287,134,126
	*	Non-income producing.
	**	Percentage represents less than 0.01%.
	m	Indicates a security that has been deemed illiquid.

155

TIAA-CREF FUNDS - S&P 500 Index Fund
TIAA-CREF FUNDS
S&P 500 INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.61%
AMUSEMENT AND RECREATION SERVICES - 0.60%
38,069	*	Electronic Arts, Inc	$	826,859
219,640		Walt Disney Co		5,124,201
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,951,060
APPAREL AND ACCESSORY STORES - 0.35%
10,060		Abercrombie & Fitch Co (Class A)		255,423
54,237		Gap, Inc		889,487
36,035	*	Kohl's Corp		1,540,496
30,870		Limited Brands, Inc		369,514
18,413		Nordstrom, Inc		366,235
		TOTAL APPAREL AND ACCESSORY STORES		3,421,155
APPAREL AND OTHER TEXTILE PRODUCTS - 0.33%
45,672		Nike, Inc (Class B)		2,364,896
6,910		Polo Ralph Lauren Corp (Class A)		369,961
9,959		VF Corp		551,231
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		3,286,088
AUTO REPAIR, SERVICES AND PARKING - 0.02%
6,460		Ryder System, Inc		180,363
		TOTAL AUTO REPAIR, SERVICES AND PARKING		180,363
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.15%
12,820	*	Autonation, Inc		222,427
4,488	*	Autozone, Inc		678,182
15,580	*	O'Reilly Automotive, Inc		593,286
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		1,493,895
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.87%
15,408		Fastenal Co		511,083
198,670		Home Depot, Inc		4,694,573
175,467		Lowe's Cos, Inc		3,405,814
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		8,611,470
BUSINESS SERVICES - 7.24%
62,023	*	Adobe Systems, Inc		1,755,251
11,342	*	Affiliated Computer Services, Inc (Class A)		503,812
20,750	*	Akamai Technologies, Inc		397,985
25,784	*	Autodesk, Inc		489,380
60,159		Automatic Data Processing, Inc		2,132,035
22,614	*	BMC Software, Inc		764,127
46,828		CA, Inc		816,212
21,821	*	Citrix Systems, Inc		695,872

156

TIAA-CREF FUNDS - S&P 500 Index Fund
SHARES		COMPANY		VALUE
34,520	*	Cognizant Technology Solutions Corp (Class A)	$	921,684
17,496	*	Computer Sciences Corp		775,073
26,698	*	Compuware Corp		183,148
13,106	*	Convergys Corp		121,624
127,183	*	eBay, Inc		2,178,645
14,175		Equifax, Inc		369,968
25,670	*	Expedia, Inc		387,874
23,800		Fidelity National Information Services, Inc		475,048
18,505	*	Fiserv, Inc		845,679
28,348	*	Google, Inc (Class A)		11,951,232
23,027		IMS Health, Inc		292,443
53,391	*	Interpublic Group of Cos, Inc		269,625
38,374	*	Intuit, Inc		1,080,612
21,820	*	Iron Mountain, Inc		627,325
61,843	*	Juniper Networks, Inc		1,459,495
8,610		Mastercard, Inc (Class A)		1,440,539
18,680	*	McAfee, Inc		788,109
904,640		Microsoft Corp		21,503,292
14,992	*	Monster Worldwide, Inc		177,056
21,619		Moody's Corp		569,661
38,250	*	Novell, Inc		173,273
36,934		Omnicom Group, Inc		1,166,376
445,572		Oracle Corp		9,544,151
17,605		Robert Half International, Inc		415,830
12,290	*	Salesforce.com, Inc		469,109
86,578	*	Sun Microsystems, Inc		798,249
96,225	*	Symantec Corp		1,497,261
21,640		Total System Services, Inc		289,760
22,432	*	VeriSign, Inc		414,543
165,760	*	Yahoo!, Inc		2,595,801
		TOTAL BUSINESS SERVICES		71,337,159
CHEMICALS AND ALLIED PRODUCTS - 13.31%
181,615		Abbott Laboratories		8,543,170
24,593		Air Products & Chemicals, Inc		1,588,462
120,039	*	Amgen, Inc		6,354,865
13,074		Avery Dennison Corp		335,740
50,996		Avon Products, Inc		1,314,677
34,919	*	Biogen Idec, Inc		1,576,593
233,939		Bristol-Myers Squibb Co		4,751,301
54,211	*	Celgene Corp		2,593,454
8,680	*	Cephalon, Inc		491,722
5,600		CF Industries Holdings, Inc		415,184
16,294		Clorox Co		909,694
58,384		Colgate-Palmolive Co		4,130,084
126,542		Dow Chemical Co		2,042,388
105,893		Du Pont (E.I.) de Nemours & Co		2,712,979
8,916		Eastman Chemical Co		337,916
20,450		Ecolab, Inc		797,346
119,755		Eli Lilly & Co		4,148,313
14,536		Estee Lauder Cos (Class A)		474,891
35,736	*	Forest Laboratories, Inc		897,331

157

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
31,132	*	Genzyme Corp	$	1,733,118
107,774	*	Gilead Sciences, Inc		5,048,134
19,246	*	Hospira, Inc		741,356
9,413		International Flavors & Fragrances, Inc		307,993
20,980	*	Invitrogen Corp		875,286
326,144		Johnson & Johnson		18,524,979
29,891	*	King Pharmaceuticals, Inc		287,850
249,728		Merck & Co, Inc		6,982,395
64,677		Monsanto Co		4,808,088
35,676	*	Mylan Laboratories, Inc		465,572
14,961	*	Pactiv Corp		324,654
798,115		Pfizer, Inc		11,971,725
19,028		PPG Industries, Inc		835,329
36,461		Praxair, Inc		2,591,283
345,097		Procter & Gamble Co		17,634,457
192,158		Schering-Plough Corp		4,827,009
11,705		Sherwin-Williams Co		629,144
14,820		Sigma-Aldrich Corp		734,479
12,703	*	Watson Pharmaceuticals, Inc		427,964
157,534		Wyeth		7,150,468
		TOTAL CHEMICALS AND ALLIED PRODUCTS		131,317,393
COAL MINING - 0.19%
21,635		Consol Energy, Inc		734,725
10,784		Massey Energy Co		210,719
31,600		Peabody Energy Corp		953,056
		TOTAL COAL MINING		1,898,500
COMMUNICATIONS - 4.45%
47,060	*	American Tower Corp (Class A)		1,483,802
697,281		AT&T, Inc		17,320,459
79,872		CBS Corp (Class B)		552,714
11,338		CenturyTel, Inc		348,077
340,821		Comcast Corp (Class A)		4,938,496
63,230	*	DIRECTV Group, Inc		1,562,413
17,451		Embarq Corp		733,989
36,350		Frontier Communications Corp		259,539
27,500	*	MetroPCS Communications, Inc		366,025
170,457		Qwest Communications International, Inc		707,397
11,755		Scripps Networks Interactive (Class A)		327,142
338,984	*	Sprint Nextel Corp		1,630,513
41,401		Time Warner Cable, Inc		1,311,170
334,168		Verizon Communications, Inc		10,268,983
71,241	*	Viacom, Inc (Class B)		1,617,171
49,323		Windstream Corp		412,340
		TOTAL COMMUNICATIONS		43,840,230
DEPOSITORY INSTITUTIONS - 6.79%
955,386		Bank of America Corp		12,611,095
140,957		Bank of New York Mellon Corp		4,131,450
76,256		BB&T Corp		1,676,107
653,194		Citigroup, Inc		1,939,986

158

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
18,054		Comerica, Inc	$	381,842
86,758		Fifth Third Bancorp		615,982
24,314	*	First Horizon National Corp		291,765
62,450		Hudson City Bancorp, Inc		829,961
58,097		Huntington Bancshares, Inc		242,845
460,541		JPMorgan Chase & Co		15,709,053
82,991		Keycorp		434,873
9,606		M&T Bank Corp		489,234
38,376		Marshall & Ilsley Corp		184,205
28,583		Northern Trust Corp		1,534,335
41,470		People's United Financial, Inc		623,709
54,370		PNC Financial Services Group, Inc		2,110,100
138,536		Regions Financial Corp		559,685
58,204		State Street Corp		2,747,229
54,860		SunTrust Banks, Inc		902,447
224,581		US Bancorp		4,024,492
550,883		Wells Fargo & Co		13,364,421
82,973		Western Union Co		1,360,757
12,719		Zions Bancorporation		147,032
		TOTAL DEPOSITORY INSTITUTIONS		66,912,605
EATING AND DRINKING PLACES - 1.12%
16,359		Darden Restaurants, Inc		539,520
130,581		McDonald's Corp		7,507,102
86,705	*	Starbucks Corp		1,204,332
54,064		Yum! Brands, Inc		1,802,494
		TOTAL EATING AND DRINKING PLACES		11,053,448
EDUCATIONAL SERVICES - 0.13%
13,110	*	Apollo Group, Inc (Class A)		932,383
6,770		DeVry, Inc		338,771
		TOTAL EDUCATIONAL SERVICES		1,271,154
ELECTRIC, GAS, AND SANITARY SERVICES - 4.40%
78,687	*	AES Corp		913,556
20,546		Allegheny Energy, Inc		527,005
26,920		Ameren Corp		670,039
54,852		American Electric Power Co, Inc		1,584,674
44,729		Centerpoint Energy, Inc		495,597
25,305		CMS Energy Corp		305,684
32,882		Consolidated Edison, Inc		1,230,444
22,350		Constellation Energy Group, Inc		594,063
68,678		Dominion Resources, Inc		2,295,219
19,911		DTE Energy Co		637,152
150,550		Duke Energy Corp		2,196,525
52,358	*	Dynegy, Inc (Class A)		118,853
38,296		Edison International		1,204,792
82,600		El Paso Corp		762,398
22,379		Entergy Corp		1,734,820
78,015		Exelon Corp		3,995,147
36,022		FirstEnergy Corp		1,395,853
48,264		FPL Group, Inc		2,744,291

159

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
10,246		Integrys Energy Group, Inc	$	307,278
5,590		Nicor, Inc		193,526
35,834		NiSource, Inc		417,824
18,180		Northeast Utilities		405,596
27,956		Pepco Holdings, Inc		375,729
43,566		PG&E Corp		1,674,677
12,532		Pinnacle West Capital Corp		377,840
44,399		PPL Corp		1,463,391
32,991		Progress Energy, Inc		1,248,050
61,198		Public Service Enterprise Group, Inc		1,996,891
20,840		Questar Corp		647,290
37,635		Republic Services, Inc		918,670
14,800		SCANA Corp		480,556
28,380		Sempra Energy		1,408,499
92,881		Southern Co		2,894,172
10,830	*	Stericycle, Inc		558,070
27,389		TECO Energy, Inc		326,751
56,577		Waste Management, Inc		1,593,208
68,183		Williams Cos, Inc		1,064,337
14,700		Wisconsin Energy Corp		598,437
54,815		Xcel Energy, Inc		1,009,144
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		43,366,048
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 8.12%
73,949	*	Advanced Micro Devices, Inc		286,183
34,847		Altera Corp		567,309
20,000		Amphenol Corp (Class A)		632,800
35,019		Analog Devices, Inc		867,771
105,366	*	Apple Computer, Inc		15,007,280
50,030	*	Broadcom Corp (Class A)		1,240,244
11,658	*	Ciena Corp		120,660
683,333	*	Cisco Systems, Inc		12,737,327
19,860		Cooper Industries Ltd (Class A)		616,653
19,518		Eaton Corp		870,698
1,249,507		General Electric Co		14,644,222
8,424		Harman International Industries, Inc		158,371
15,490		Harris Corp		439,296
662,153		Intel Corp		10,958,632
29,044	*	JDS Uniphase Corp		166,132
13,957		L-3 Communications Holdings, Inc		968,337
25,495		Linear Technology Corp		595,308
72,014	*	LSI Logic Corp		328,384
25,400	*	MEMC Electronic Materials, Inc		452,374
22,500		Microchip Technology, Inc		507,375
95,484	*	Micron Technology, Inc		483,149
15,971		Molex, Inc		248,349
267,600		Motorola, Inc		1,774,188
21,800		National Semiconductor Corp		273,590
39,552	*	NetApp, Inc		779,965
10,095	*	Novellus Systems, Inc		168,587
62,663	*	Nvidia Corp		707,465
15,180	*	QLogic Corp		192,482

160

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
195,157		Qualcomm, Inc	$	8,821,096
44,922	*	Tellabs, Inc		257,403
152,436		Texas Instruments, Inc		3,246,887
8,297		Whirlpool Corp		353,120
30,865		Xilinx, Inc		631,498
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		80,103,135
ENGINEERING AND MANAGEMENT SERVICES - 0.27%
21,662		Fluor Corp		1,111,044
14,410	*	Jacobs Engineering Group, Inc		606,517
38,127		Paychex, Inc		960,800
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		2,678,361
FABRICATED METAL PRODUCTS - 0.36%
11,149		Ball Corp		503,489
45,020		Illinois Tool Works, Inc		1,681,046
18,784		Parker Hannifin Corp		806,961
6,226		Snap-On, Inc		178,935
9,734		Stanley Works		329,399
		TOTAL FABRICATED METAL PRODUCTS		3,499,830
FOOD AND KINDRED PRODUCTS - 4.19%
75,320		Archer Daniels Midland Co		2,016,316
22,369		Campbell Soup Co		658,096
235,525		Coca-Cola Co		11,302,845
37,451		Coca-Cola Enterprises, Inc		623,559
53,011		ConAgra Foods, Inc		1,010,390
21,400	*	Constellation Brands, Inc (Class A)		271,352
30,490	*	Dr Pepper Snapple Group, Inc		646,083
38,046		General Mills, Inc		2,131,337
35,784		H.J. Heinz Co		1,277,489
20,245		Hershey Co		728,820
8,310		Hormel Foods Corp		287,027
14,455		J.M. Smucker Co		703,380
28,851		Kellogg Co		1,343,591
173,640		Kraft Foods, Inc (Class A)		4,400,038
15,257		McCormick & Co, Inc		496,310
17,554		Molson Coors Brewing Co (Class B)		743,061
16,458		Pepsi Bottling Group, Inc		556,939
184,138		PepsiCo, Inc		10,120,224
19,671		Reynolds American, Inc		759,694
81,242		Sara Lee Corp		792,922
35,441		Tyson Foods, Inc (Class A)		446,911
		TOTAL FOOD AND KINDRED PRODUCTS		41,316,384
FOOD STORES - 0.34%
77,110		Kroger Co		1,700,275
50,797		Safeway, Inc		1,034,735
24,020		Supervalu, Inc		311,059
17,153	*	Whole Foods Market, Inc		325,564
		TOTAL FOOD STORES		3,371,633

161

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
FORESTRY - 0.08%
24,427		Weyerhaeuser Co	$	743,314
		TOTAL FORESTRY		743,314
FURNITURE AND FIXTURES - 0.07%
17,803		Leggett & Platt, Inc		271,140
43,611		Masco Corp		417,793
		TOTAL FURNITURE AND FIXTURES		688,933
FURNITURE AND HOME FURNISHINGS STORES - 0.30%
30,305	*	Bed Bath & Beyond, Inc		931,879
40,016		Best Buy Co, Inc		1,340,135
19,150	*	GameStop Corp (Class A)		421,492
15,566		RadioShack Corp		217,301
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		2,910,807
GENERAL BUILDING CONTRACTORS - 0.09%
13,066		Centex Corp		110,538
31,786		DR Horton, Inc		297,518
9,500		KB Home		129,960
17,331		Lennar Corp (Class A)		167,937
22,648		Pulte Homes, Inc		199,982
		TOTAL GENERAL BUILDING CONTRACTORS		905,935
GENERAL MERCHANDISE STORES - 2.30%
11,115	*	Big Lots, Inc		233,748
51,108		Costco Wholesale Corp		2,335,636
17,583		Family Dollar Stores, Inc		497,599
26,729		JC Penney Co, Inc		767,390
49,157		Macy's, Inc		578,086
6,551	*	Sears Holdings Corp		435,773
89,073		Target Corp		3,515,711
48,374		TJX Companies, Inc		1,521,846
264,544		Wal-Mart Stores, Inc		12,814,511
		TOTAL GENERAL MERCHANDISE STORES		22,700,300
HEALTH SERVICES - 1.01%
35,906		AmerisourceBergen Corp		636,972
18,109	*	Coventry Health Care, Inc		338,819
12,820	*	DaVita, Inc		634,077
31,654	*	Express Scripts, Inc		2,176,213
13,015	*	Laboratory Corp of America Holdings		882,287
32,468		McKesson Corp		1,428,592
57,822	*	Medco Health Solutions, Inc		2,637,262
18,437		Quest Diagnostics, Inc		1,040,400
52,498	*	Tenet Healthcare Corp		148,044
		TOTAL HEALTH SERVICES		9,922,666
HOLDING AND OTHER INVESTMENT OFFICES - 4.13%
15,921		Apartment Investment & Management Co (Class A)		140,901

162

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
9,028		AvalonBay Communities, Inc	$	505,026
16,744		Boston Properties, Inc		798,689
31,262		Equity Residential		694,954
31,840		HCP, Inc		674,690
12,842		Health Care REIT, Inc		437,912
69,680		Host Marriott Corp		584,615
37,900		Kimco Realty Corp		380,895
20,005		Plum Creek Timber Co, Inc		595,749
53,835		Prologis		433,910
14,866		Public Storage, Inc		973,426
33,613		Simon Property Group, Inc		1,728,717
341,235		SPDR Trust Series 1		31,366,321
17,850		Ventas, Inc		533,001
18,214		Vornado Realty Trust		820,176
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		40,668,982
HOTELS AND OTHER LODGING PLACES - 0.18%
34,690		Marriott International, Inc (Class A)		765,598
21,904		Starwood Hotels & Resorts Worldwide, Inc		486,269
21,239		Wyndham Worldwide Corp		257,417
8,790		Wynn Resorts Ltd		310,287
		TOTAL HOTELS AND OTHER LODGING PLACES		1,819,571
INDUSTRIAL MACHINERY AND EQUIPMENT - 5.33%
157,166		Applied Materials, Inc		1,724,111
7,831		Black & Decker Corp		224,436
70,490		Caterpillar, Inc		2,328,990
23,852		Cummins, Inc		839,829
49,920		Deere & Co		1,994,304
207,324	*	Dell, Inc		2,846,559
22,009		Dover Corp		728,278
236,545	*	EMC Corp		3,098,740
6,710		Flowserve Corp		468,425
14,660	*	FMC Technologies, Inc		550,923
281,053		Hewlett-Packard Co		10,862,698
155,622		International Business Machines Corp		16,250,049
36,469		International Game Technology		579,857
21,502		ITT Industries, Inc		956,839
27,779		Jabil Circuit, Inc		206,120
70,166		Johnson Controls, Inc		1,524,006
8,335	*	Lexmark International, Inc (Class A)		132,110
19,990		Manitowoc Co, Inc		105,147
38,453		Northrop Grumman Corp		1,756,533
13,740		Pall Corp		364,934
24,526		Pitney Bowes, Inc		537,855
45,673		Raytheon Co		2,029,251
28,060	*	SanDisk Corp		412,201
21,284	*	Teradata Corp		498,684
34,310		Textron, Inc		331,435
14,920	*	Varian Medical Systems, Inc		524,289
25,300	*	Western Digital Corp		670,450
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		52,547,053

163

TIAA-CREF FUNDS - S&P 500 Index Fund
SHARES		COMPANY		VALUE
INSTRUMENTS AND RELATED PRODUCTS - 3.24%
41,595	*	Agilent Technologies, Inc	$	844,794
36,276		Allergan, Inc		1,726,012
11,769		Bard (C.R.), Inc		876,202
70,548		Baxter International, Inc		3,736,222
27,748		Becton Dickinson & Co		1,978,710
176,552	*	Boston Scientific Corp		1,790,237
30,472		Danaher Corp		1,881,341
17,800		Dentsply International, Inc		543,256
28,885		Eastman Kodak Co		85,500
88,740		Emerson Electric Co		2,875,176
17,260	*	Flir Systems, Inc		389,386
4,418	*	Intuitive Surgical, Inc		723,050
20,080		Kla-Tencor Corp		507,020
132,342		Medtronic, Inc		4,617,413
6,877	*	Millipore Corp		482,834
12,503		PerkinElmer, Inc		217,552
16,526		Rockwell Automation, Inc		530,815
19,142		Rockwell Collins, Inc		798,796
40,684	*	St. Jude Medical, Inc		1,672,112
28,163		Stryker Corp		1,119,198
19,541	*	Teradyne, Inc		134,051
49,152	*	Thermo Electron Corp		2,003,927
11,178	*	Waters Corp		575,332
101,677		Xerox Corp		658,867
26,507	*	Zimmer Holdings, Inc		1,129,198
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		31,897,001
INSURANCE AGENTS, BROKERS AND SERVICE - 0.30%
32,785		AON Corp		1,241,568
39,675		Hartford Financial Services Group, Inc		470,942
60,545		Marsh & McLennan Cos, Inc		1,218,771
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		2,931,281
INSURANCE CARRIERS - 2.94%
53,448		Aetna, Inc		1,338,872
55,014		Aflac, Inc		1,710,385
62,924		Allstate Corp		1,535,346
313,828		American International Group, Inc		364,040
13,620		Assurant, Inc		328,106
41,426		Chubb Corp		1,652,069
32,620		Cigna Corp		785,816
19,549		Cincinnati Financial Corp		436,920
56,593		Genworth Financial, Inc (Class A)		395,585
20,548	*	Humana, Inc		662,878
21,080		Leucadia National Corp		444,577
35,579		Lincoln National Corp		612,315
42,706		Loews Corp		1,170,144
26,685	*	MBIA, Inc		115,546
95,926		Metlife, Inc		2,878,740
37,147		Principal Financial Group		699,849

164

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
80,073		Progressive Corp	$	1,209,903
53,588		Prudential Financial, Inc		1,994,545
9,308		Torchmark Corp		344,768
68,759		Travelers Cos, Inc		2,821,869
139,658		UnitedHealth Group, Inc		3,488,658
39,104		UnumProvident Corp		620,189
57,419	*	WellPoint, Inc		2,922,054
41,700		XL Capital Ltd (Class A)		477,882
		TOTAL INSURANCE CARRIERS		29,011,056
LEATHER AND LEATHER PRODUCTS - 0.10%
38,136		Coach, Inc		1,025,096
		TOTAL LEATHER AND LEATHER PRODUCTS		1,025,096
METAL MINING - 0.49%
48,566		Freeport-McMoRan Copper & Gold, Inc (Class B)		2,433,643
58,027		Newmont Mining Corp		2,371,563
		TOTAL METAL MINING		4,805,206
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.10%
14,186		Hasbro, Inc		343,869
42,210		Mattel, Inc		677,470
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,021,339
MISCELLANEOUS RETAIL - 1.46%
38,164	*	Amazon.com, Inc		3,192,800
172,210		CVS Corp		5,488,333
41,142	*	Office Depot, Inc		187,608
83,824		Staples, Inc		1,690,730
13,787		Tiffany & Co		349,638
117,011		Walgreen Co		3,440,123
		TOTAL MISCELLANEOUS RETAIL		14,349,232
MOTION PICTURES - 0.61%
270,234		News Corp (Class A)		2,461,832
140,567		Time Warner, Inc		3,540,882
		TOTAL MOTION PICTURES		6,002,714
NONDEPOSITORY INSTITUTIONS - 0.57%
140,051		American Express Co		3,254,785
52,489		Capital One Financial Corp		1,148,459
49,570		CIT Group, Inc		106,576
56,466		Discover Financial Services		579,906
54,838	*	SLM Corp		563,186
		TOTAL NONDEPOSITORY INSTITUTIONS		5,652,912
NONMETALLIC MINERALS, EXCEPT FUELS - 0.06%
13,405		Vulcan Materials Co		577,756
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		577,756

165

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
OIL AND GAS EXTRACTION - 4.32%
58,124		Anadarko Petroleum Corp	$	2,638,248
39,656		Apache Corp		2,861,180
36,547		Baker Hughes, Inc		1,331,773
35,711		BJ Services Co		486,741
11,912		Cabot Oil & Gas Corp		364,984
26,130	*	Cameron International Corp		739,479
66,075		Chesapeake Energy Corp		1,310,267
29,200	*	Denbury Resources, Inc		430,116
52,854		Devon Energy Corp		2,880,543
8,520		Diamond Offshore Drilling, Inc		707,586
16,830		ENSCO International, Inc		586,862
29,874		EOG Resources, Inc		2,029,042
15,606		Equitable Resources, Inc		544,805
105,196		Halliburton Co		2,177,557
35,221	*	Nabors Industries Ltd		548,743
49,572	*	National Oilwell Varco, Inc		1,619,022
20,045		Noble Energy, Inc		1,182,054
96,023		Occidental Petroleum Corp		6,319,274
13,790		Pioneer Natural Resources Co		351,645
18,310		Range Resources Corp		758,217
12,901		Rowan Cos, Inc		249,247
141,472		Schlumberger Ltd		7,655,050
25,517		Smith International, Inc		657,063
41,020	*	Southwestern Energy Co		1,593,627
67,685		XTO Energy, Inc		2,581,506
		TOTAL OIL AND GAS EXTRACTION		42,604,631
PAPER AND ALLIED PRODUCTS - 0.39%
11,741		Bemis Co		295,873
50,966		International Paper Co		771,116
47,935		Kimberly-Clark Corp		2,513,232
19,091		MeadWestvaco Corp		313,283
		TOTAL PAPER AND ALLIED PRODUCTS		3,893,504
PERSONAL SERVICES - 0.11%
14,681		Cintas Corp		335,314
41,177		H&R Block, Inc		709,480
		TOTAL PERSONAL SERVICES		1,044,794
PETROLEUM AND COAL PRODUCTS - 7.16%
237,170		Chevron Corp		15,712,513
175,147		ConocoPhillips		7,366,683
576,932	d	Exxon Mobil Corp		40,333,315
33,267		Hess Corp		1,788,101
83,164		Marathon Oil Corp		2,505,731
22,621		Murphy Oil Corp		1,228,773
13,065		Sunoco, Inc		303,108
16,770		Tesoro Corp		213,482
65,822		Valero Energy Corp		1,111,734
		TOTAL PETROLEUM AND COAL PRODUCTS		70,563,440

166

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
PIPELINES, EXCEPT NATURAL GAS - 0.13%
76,115		Spectra Energy Corp	$	1,287,866
		TOTAL PIPELINES, EXCEPT NATURAL GAS		1,287,866
PRIMARY METAL INDUSTRIES - 0.85%
14,629		AK Steel Holding Corp		280,731
116,258		Alcoa, Inc		1,200,945
10,885		Allegheny Technologies, Inc		380,213
182,445		Corning, Inc		2,930,067
36,801		Nucor Corp		1,635,068
16,620		Precision Castparts Corp		1,213,759
10,500		Titanium Metals Corp		96,495
16,602		United States Steel Corp		593,355
		TOTAL PRIMARY METAL INDUSTRIES		8,330,633
PRINTING AND PUBLISHING - 0.25%
6,790		Dun & Bradstreet Corp		551,416
35,920		Gannett Co, Inc		128,234
36,892		McGraw-Hill Cos, Inc		1,110,819
3,486		Meredith Corp		89,067
14,063		New York Times Co (Class A)		77,487
22,195		R.R. Donnelley & Sons Co		257,906
740		Washington Post Co (Class B)		260,613
		TOTAL PRINTING AND PUBLISHING		2,475,542
RAILROAD TRANSPORTATION - 0.89%
32,779		Burlington Northern Santa Fe Corp		2,410,568
46,928		CSX Corp		1,625,117
43,520		Norfolk Southern Corp		1,639,398
59,644		Union Pacific Corp		3,105,066
		TOTAL RAILROAD TRANSPORTATION		8,780,149
REAL ESTATE - 0.03%
31,400	*	CB Richard Ellis Group, Inc (Class A)		293,904
		TOTAL REAL ESTATE		293,904
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.11%
32,104	*	Goodyear Tire & Rubber Co		361,492
34,247		Newell Rubbermaid, Inc		356,511
18,656		Sealed Air Corp		344,203
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		1,062,206
SECURITY AND COMMODITY BROKERS - 2.53%
28,196		Ameriprise Financial, Inc		684,317
110,179		Charles Schwab Corp		1,932,540
7,854		CME Group, Inc		2,443,458
118,263	*	E*Trade Financial Corp		151,377
10,166		Federated Investors, Inc (Class B)		244,899
17,824		Franklin Resources, Inc		1,283,506
59,444		Goldman Sachs Group, Inc		8,764,423
8,466	*	IntercontinentalExchange, Inc		967,156
47,920		Invesco Ltd		853,934

167

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
19,206		Janus Capital Group, Inc	$	218,948
17,029		Legg Mason, Inc		415,167
160,097		Morgan Stanley		4,564,365
15,880	*	Nasdaq Stock Market, Inc		338,403
29,950		NYSE Euronext		816,138
30,091		T Rowe Price Group, Inc		1,253,892
		TOTAL SECURITY AND COMMODITY BROKERS		24,932,523
SPECIAL TRADE CONTRACTORS - 0.05%
21,450	*	Quanta Services, Inc		496,139
		TOTAL SPECIAL TRADE CONTRACTORS		496,139
STONE, CLAY, AND GLASS PRODUCTS - 0.55%
81,304		3M Co		4,886,371
20,320	*	Owens-Illinois, Inc		569,163
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		5,455,534
TOBACCO PRODUCTS - 1.62%
244,367		Altria Group, Inc		4,005,175
17,669		Fortune Brands, Inc		613,821
19,098		Lorillard, Inc		1,294,271
231,671		Philip Morris International, Inc		10,105,490
		TOTAL TOBACCO PRODUCTS		16,018,757
TRANSPORTATION BY AIR - 0.27%
36,599		FedEx Corp		2,035,637
87,251		Southwest Airlines Co		587,199
		TOTAL TRANSPORTATION BY AIR		2,622,836
TRANSPORTATION EQUIPMENT - 2.36%
85,835		Boeing Co		3,647,987
380,203	*	Ford Motor Co		2,307,832
45,379		General Dynamics Corp		2,513,543
20,048		Genuine Parts Co		672,811
15,215		Goodrich Corp		760,294
28,293		Harley-Davidson, Inc		458,630
86,260		Honeywell International, Inc		2,708,564
38,105		Lockheed Martin Corp		3,073,168
42,656		Paccar, Inc		1,386,747
110,482		United Technologies Corp		5,740,644
		TOTAL TRANSPORTATION EQUIPMENT		23,270,220
TRANSPORTATION SERVICES - 0.20%
20,520		CH Robinson Worldwide, Inc		1,070,118
26,097		Expeditors International Washington, Inc		870,074
		TOTAL TRANSPORTATION SERVICES		1,940,192
TRUCKING AND WAREHOUSING - 0.60%
117,597		United Parcel Service, Inc (Class B)		5,878,674
		TOTAL TRUCKING AND WAREHOUSING		5,878,674

168

TIAA-CREF FUNDS- S&P 500 Index Fund

SHARES		COMPANY		VALUE
WATER TRANSPORTATION - 0.13%
51,505		Carnival Corp	$	1,327,284
		TOTAL WATER TRANSPORTATION		1,327,284
WHOLESALE TRADE-DURABLE GOODS - 0.09%
11,217	*	Patterson Cos, Inc		243,409
7,348		W.W. Grainger, Inc		601,654
		TOTAL WHOLESALE TRADE-DURABLE GOODS		845,063
WHOLESALE TRADE-NONDURABLE GOODS - 0.38%
11,673		Brown-Forman Corp (Class B)		501,706
42,413		Cardinal Health, Inc		1,295,717
20,794	*	Dean Foods Co		399,037
70,445		Sysco Corp		1,583,603
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,780,063
		TOTAL COMMON STOCKS		981,995,019
		(Cost $1,266,479,292)
		TOTAL INVESTMENTS - 99.61%		981,995,019
		(Cost $1,266,479,292)
		OTHER ASSETS AND LIABILITIES, NET - 0.39%		3,850,204
		NET ASSETS - 100.00%	$	985,845,223
		The following abbreviations are used in portfolio descriptions:
		SPDR - Standard & Poor's Depository Receipts
	*	Non-income producing.
	d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures contracts in the amount of $184,562.

169

TIAA-CREF FUNDS - Small-Cap Blend Index Fund
TIAA-CREF FUNDS
SMALL-CAP BLEND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.90%
AGRICULTURAL PRODUCTION-CROPS - 0.07%
30,079	*	Chiquita Brands International, Inc	$	308,610
2,188		Griffin Land & Nurseries, Inc (Class A)		68,441
		TOTAL AGRICULTURAL PRODUCTION-CROPS		377,051
AGRICULTURAL PRODUCTION-LIVESTOCK - 0.09%
9,147		Cal-Maine Foods, Inc		228,309
223		Seaboard Corp		250,206
		TOTAL AGRICULTURAL PRODUCTION-LIVESTOCK		478,515
AGRICULTURAL SERVICES - 0.04%
8,432	*	Cadiz, Inc		81,200
7,038		Calavo Growers, Inc		139,564
		TOTAL AGRICULTURAL SERVICES		220,764
AMUSEMENT AND RECREATION SERVICES - 0.65%
36,810	*	Bally Technologies, Inc		1,101,355
6,427		Churchill Downs, Inc		216,333
10,659		Dover Downs Gaming & Entertainment, Inc		49,564
12,623	*	Lakes Entertainment, Inc		36,733
27,220	*	Life Time Fitness, Inc		544,672
56,473	*	Live Nation, Inc		274,459
17,980	*	Multimedia Games, Inc		89,181
40,585	*	Pinnacle Entertainment, Inc		377,035
8,822		Speedway Motorsports, Inc		121,391
25,426	*	Ticketmaster		163,235
13,117	*	Town Sports International Holdings, Inc		49,189
14,765		World Wrestling Entertainment, Inc (Class A)		185,448
19,168	*	Youbet.com, Inc		63,254
		TOTAL AMUSEMENT AND RECREATION SERVICES		3,271,849
APPAREL AND ACCESSORY STORES - 1.64%
21,970	*	American Apparel, Inc		79,971
39,578	*	AnnTaylor Stores Corp		315,832
16,978		Bebe Stores, Inc		116,809
28,119		Brown Shoe Co, Inc		203,582
17,232		Buckle, Inc		547,461
38,317	*	Carter's, Inc		942,980
18,692		Cato Corp (Class A)		325,988
14,201	*	Charlotte Russe Holding, Inc		182,909
78,036	*	Charming Shoppes, Inc		290,294
16,113	*	Children's Place Retail Stores, Inc		425,867
24,267		Christopher & Banks Corp		162,832
9,925	*	Citi Trends, Inc		256,859
43,282	*	Collective Brands, Inc		630,618

170

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
3,144	*	Destination Maternity Corp	$	52,442
30,322	*	Dress Barn, Inc		433,605
8,320	*	DSW, Inc (Class A)		81,952
28,545		Finish Line, Inc (Class A)		211,804
29,776	*	Hot Topic, Inc		217,663
33,985	*	J Crew Group, Inc		918,274
12,355	*	JOS A Bank Clothiers, Inc		425,753
16,865	*	New York & Co, Inc		52,113
44,396	*	Pacific Sunwear Of California, Inc		149,615
6,073	*	Shoe Carnival, Inc		72,451
25,633		Stage Stores, Inc		284,526
4,059	*	Syms Corp		30,483
16,293		Talbots, Inc		87,982
16,737	*	Tween Brands, Inc		111,803
22,386	*	Under Armour, Inc (Class A)		500,999
65,543	*	Wet Seal, Inc (Class A)		201,217
		TOTAL APPAREL AND ACCESSORY STORES		8,314,684
APPAREL AND OTHER TEXTILE PRODUCTS - 0.77%
7,926		Columbia Sportswear Co		245,072
8,626	*	G-III Apparel Group Ltd		99,113
19,725	*	Gymboree Corp		699,843
57,714		Jones Apparel Group, Inc		619,271
64,183		Liz Claiborne, Inc		184,847
27,460	*	Lululemon Athletica, Inc		357,804
12,991	*	Maidenform Brands, Inc		149,007
85,916	*	Quiksilver, Inc		158,945
16,991	*	True Religion Apparel, Inc		378,899
30,936	*	Warnaco Group, Inc		1,002,326
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		3,895,127
AUTO REPAIR, SERVICES AND PARKING - 0.31%
6,085	*	Amerco, Inc		226,058
14,597	*	Dollar Thrifty Automotive Group, Inc		203,628
9,456	*	Midas, Inc		99,099
11,280		Monro Muffler, Inc		290,009
5,046	*	Standard Parking Corp		82,199
25,919	*	Wright Express Corp		660,157
		TOTAL AUTO REPAIR, SERVICES AND PARKING		1,561,150
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.18%
6,696	*	America's Car-Mart, Inc		137,268
21,738		Asbury Automotive Group, Inc		222,597
11,042	*	Lithia Motors, Inc (Class A)		102,028
21,820	*	Rush Enterprises, Inc (Class A)		254,203
16,330		Sonic Automotive, Inc (Class A)		165,913
5,842	*	US Auto Parts Network, Inc		22,024
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		904,033
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.04%
10,989	*	Builders FirstSource, Inc		45,714
9,742	*	Lumber Liquidators, Inc		153,534

171

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES	$	199,248
BUSINESS SERVICES - 12.08%
263,409	*	3Com Corp		1,240,655
11,643	*	3D Systems Corp		83,946
31,063		ABM Industries, Inc		561,308
21,582	*	Acacia Research (Acacia Technologies)		169,850
23,652	*	ACI Worldwide, Inc		330,182
30,873	*	ActivIdentity Corp		78,109
30,217	*	Actuate Corp		144,437
45,862		Acxiom Corp		404,961
14,120		Administaff, Inc		328,572
10,313	*	Advent Software, Inc		338,163
31,624		Aircastle Ltd		232,436
24,594	*	American Reprographics Co		204,622
15,335		American Software, Inc (Class A)		88,330
23,858	*	AMICAS, Inc		66,325
22,020	*	AMN Healthcare Services, Inc		140,488
17,131	*	APAC Customer Services, Inc		87,882
17,958		Arbitron, Inc		285,353
12,449	*	ArcSight, Inc		221,219
59,028	*	Ariba, Inc		580,836
84,646	*	Art Technology Group, Inc		321,655
10,131	*	Asset Acceptance Capital Corp		77,907
22,636	*	athenahealth, Inc		837,758
68,769	*	Avis Budget Group, Inc		388,545
29,955	*	Avocent Corp		418,172
8,387	*	Bankrate, Inc		211,688
5,198		Barrett Business Services, Inc		54,579
31,262		BGC Partners, Inc (Class A)		118,483
29,259		Blackbaud, Inc		454,977
21,397	*	Blackboard, Inc		617,517
26,676	*	Blue Coat Systems, Inc		441,221
16,952	*	Bottomline Technologies, Inc		152,738
52,088	*	BPZ Energy, Inc		254,710
32,374		Brady Corp (Class A)		813,235
20,249	*	CACI International, Inc (Class A)		864,835
6,591	*	CAI International, Inc		33,614
18,690	*	Callidus Software, Inc		53,267
9,833	*	Capella Education Co		589,488
24,500	*	Cavium Networks, Inc		411,845
29,338	*	CBIZ, Inc		208,887
19,775	*	Chordiant Software, Inc		71,783
46,508	*	Ciber, Inc		144,175
7,458	*	Clinical Data, Inc		82,187
29,950	*	Cogent Communications Group, Inc		244,093
28,848	*	Cogent, Inc		309,539
26,815		Cognex Corp		378,896
28,140	*	Commvault Systems, Inc		466,561
15,940		Compass Diversified Trust		128,955
11,375	*	Compellent Technologies, Inc		173,469
6,575		Computer Programs & Systems, Inc		251,888

172

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
10,111	*	Computer Task Group, Inc	$	61,677
9,966	*	COMSYS IT Partners, Inc		58,301
27,003	*	Concur Technologies, Inc		839,253
16,193	*	Constant Contact, Inc		321,269
13,429	*	CoStar Group, Inc		535,414
23,750	*	CSG Systems International, Inc		314,450
46,670	*	Cybersource Corp		714,051
32,029	*	Data Domain, Inc		1,068,166
26,022	*	DealerTrack Holdings, Inc		442,374
8,550	*	Deltek, Inc		37,107
33,980		Deluxe Corp		435,284
10,323	*	Dice Holdings, Inc		48,002
25,799	*	Digital River, Inc		937,019
21,938	*	DivX, Inc		120,440
11,599	*	Double-Take Software, Inc		100,331
5,821	*	Dynamics Research Corp		58,268
16,731	*	DynCorp International, Inc (Class A)		280,913
71,666	*	Earthlink, Inc		531,045
4,569	*	Ebix, Inc		143,101
21,903	*	Echelon Corp		185,737
36,084	*	Eclipsys Corp		641,574
13,456		Electro Rent Corp		127,697
33,272	*	Electronics for Imaging, Inc		354,680
4,399	*	eLoyalty Corp		34,664
33,458	*	Entrust, Inc		60,559
33,339	*	Epicor Software Corp		176,697
23,029	*	EPIQ Systems, Inc		353,495
88,175	*	Evergreen Energy, Inc		86,412
10,070	*	ExlService Holdings, Inc		112,885
31,931		Fair Isaac Corp		493,653
23,634	*	FalconStor Software, Inc		112,262
7,285	*	First Advantage Corp (Class A)		110,805
10,555	*	Forrester Research, Inc		259,125
40,020	*	Gartner, Inc		610,705
27,293	*	Global Cash Access, Inc		217,252
10,904	*	Global Sources Ltd		78,618
10,823	*	GSE Systems, Inc		73,055
18,458	*	H&E Equipment Services, Inc		172,582
25,499	*	Hackett Group, Inc		59,413
29,246		Healthcare Services Group		522,918
25,288		Heartland Payment Systems, Inc		242,006
3,148	*	HeartWare International, Inc		87,861
11,461		Heidrick & Struggles International, Inc		209,163
17,474	*	HMS Holdings Corp		711,541
10,893	*	i2 Technologies, Inc		136,707
5,939	*	ICT Group, Inc		51,847
15,332		iGate Corp		101,498
5,205		Imergent, Inc		36,435
23,099		infoGROUP, Inc		131,895
58,899	*	Informatica Corp		1,012,473
23,643		Infospace, Inc		156,753
16,585	*	Innerworkings, Inc		78,779

173

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
14,491	*	Innodata Isogen, Inc	$	63,471
11,710	*	Integral Systems, Inc		97,427
8,749	*	Interactive Intelligence, Inc		107,263
33,605	*	Internap Network Services Corp		117,281
18,498	*	Internet Brands, Inc (Class A)		129,486
24,798	*	Internet Capital Group, Inc		166,891
22,596	*	inVentiv Health, Inc		305,724
34,093	*	Ipass, Inc		54,549
56,613		Jack Henry & Associates, Inc		1,174,719
17,866	*	JDA Software Group, Inc		267,275
17,684		Kelly Services, Inc (Class A)		193,640
15,206	*	Kenexa Corp		175,933
9,513	*	Keynote Systems, Inc		72,679
19,343	*	Kforce, Inc		159,967
20,283	*	Knot, Inc		159,830
30,075	*	Korn/Ferry International		319,998
92,903	*	Lawson Software, Inc		518,399
22,180	*	Limelight Networks, Inc		97,592
38,653	*	Lionbridge Technologies		71,122
10,128	*	Liquidity Services, Inc		99,862
27,936	*	Liveperson, Inc		111,744
1,029	*	Logility, Inc		7,162
15,573	*	Manhattan Associates, Inc		283,740
14,788	*	Mantech International Corp (Class A)		636,476
15,033		Marchex, Inc (Class B)		50,661
63,625	*	Mentor Graphics Corp		348,029
6,112	*	MicroStrategy, Inc (Class A)		306,945
30,842	*	ModusLink Global Solutions, Inc		211,576
55,707	*	MoneyGram International, Inc		99,158
14,680	*	Monotype Imaging Holdings, Inc		99,971
104,167	*	Move, Inc		225,001
62,485	*	MPS Group, Inc		477,385
30,738	*	MSC Software Corp		204,715
4,318	*	NCI, Inc (Class A)		131,354
25,483	*	Ness Technologies, Inc		99,639
17,096	*	Netscout Systems, Inc		160,360
11,275	*	NetSuite, Inc		133,158
19,700	*	Network Equipment Technologies, Inc		83,922
34,059		NIC, Inc		230,579
45,552	*	Omniture, Inc		572,133
24,438	*	On Assignment, Inc		95,553
17,872	*	Online Resources Corp		111,521
2,029	*	OpenTable, Inc		61,215
57,786	*	OpenTV Corp (Class A)		76,278
8,894		Opnet Technologies, Inc		81,469
78,297	*	Parametric Technology Corp		915,292
12,769		PC-Tel, Inc		68,314
9,597		Pegasystems, Inc		253,169
19,735	*	Perficient, Inc		137,948
58,970	*	Perot Systems Corp (Class A)		845,040
10,421	*	Pervasive Software, Inc		63,464
29,147	*	Phase Forward, Inc		440,411

174

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
20,848	*	Phoenix Technologies Ltd	$	56,498
10,367	*	Portfolio Recovery Associates, Inc		401,514
41,035	*	Premiere Global Services, Inc		444,819
27,159	*	Progress Software Corp		574,956
12,902	*	PROS Holdings, Inc		104,764
8,405		QAD, Inc		27,316
15,928		Quality Systems, Inc		907,259
44,311	*	Quest Software, Inc		617,695
44,850	*	Rackspace Hosting, Inc		621,621
18,530	*	Radiant Systems, Inc		153,799
15,766	*	Radisys Corp		142,052
34,812	*	Raser Technologies, Inc		97,474
56,366	*	RealNetworks, Inc		168,534
4,372		Renaissance Learning, Inc		40,266
44,616	*	Rent-A-Center, Inc		795,503
12,934	*	Rewards Network, Inc		48,891
14,714	*	RightNow Technologies, Inc		173,625
14,857	*	Riskmetrics Group Inc		262,375
29,622		Rollins, Inc		512,757
4,234	*	Rosetta Stone, Inc		116,181
33,154	*	RSC Holdings, Inc		222,795
35,697	*	S1 Corp		246,309
16,226	*	Saba Software, Inc		62,470
57,359	*	Sapient Corp		360,788
19,399	*	Smith Micro Software, Inc		190,498
7,750	*	SolarWinds, Inc		127,798
36,341	*	SonicWALL, Inc		199,149
139,353	*	Sonus Networks, Inc		224,358
45,273		Sotheby's (Class A)		638,802
14,975	*	Sourcefire, Inc		185,540
35,013	*	Spherion Corp		144,254
12,389	*	SPSS, Inc		413,421
28,151	*	SRA International, Inc (Class A)		494,332
8,051	*	StarTek, Inc		64,569
13,481	*	Stratasys, Inc		148,156
24,948	*	SuccessFactors, Inc		229,023
21,142	*	SumTotal Systems, Inc		101,693
29,566	*	Support.com, Inc		64,454
1,762	*	SupportSoft, Inc		3,841
23,404	*	SYKES Enterprises, Inc		423,378
13,277	*	Synchronoss Technologies, Inc		162,909
13,000	*	SYNNEX Corp		324,870
8,697		Syntel, Inc		273,434
54,256		Take-Two Interactive Software, Inc		513,804
10,214		TAL International Group, Inc		111,333
21,122	*	Taleo Corp (Class A)		385,899
8,244	*	TechTarget, Inc		32,976
23,793	*	TeleTech Holdings, Inc		360,464
6,306		Textainer Group Holdings Ltd		72,456
45,631	*	THQ, Inc		326,718
118,620	*	TIBCO Software, Inc		850,505
11,857	*	Tier Technologies, Inc		91,062

175

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
17,039	*	TNS, Inc	$	319,481
22,515	*	TradeStation Group, Inc		190,477
3,748	*	Travelzoo, Inc		41,041
29,597	*	TrueBlue, Inc		248,615
16,458	*	Ultimate Software Group, Inc		398,942
9,600	*	Unica Corp		52,608
250,164	*	Unisys Corp		377,748
56,415		United Online, Inc		367,262
40,651	*	United Rentals, Inc		263,825
58,763	*	Valueclick, Inc		618,187
18,036	*	Vasco Data Security International		131,843
13,910		Viad Corp		239,530
16,085	*	Vignette Corp		211,518
8,887	*	Virtusa Corp		71,363
11,182	*	Vocus, Inc		220,956
8,144	*	Volt Information Sciences, Inc		51,063
29,927	*	Websense, Inc		533,898
18,025	*	Website Pros, Inc		101,481
46,075	*	Wind River Systems, Inc		528,020
		TOTAL BUSINESS SERVICES		61,276,857
CHEMICALS AND ALLIED PRODUCTS - 7.29%
25,694	*	Acorda Therapeutics, Inc		724,314
5,638	*	Acura Pharmaceuticals, Inc		33,715
32,302	*	Adolor Corp		56,852
15,800	*	Albany Molecular Research, Inc		132,562
62,919	*	Alkermes, Inc		680,784
42,124	*	Allos Therapeutics, Inc		349,208
24,335	*	Alnylam Pharmaceuticals, Inc		541,940
11,504	*	AMAG Pharmaceuticals, Inc		628,924
41,696	*	American Oriental Bioengineering, Inc		220,572
13,192		American Vanguard Corp		149,070
10,217	*	Amicus Therapeutics, Inc		116,985
16,913		Arch Chemicals, Inc		415,891
9,599	*	Ardea Biosciences, Inc		151,088
54,043	*	Arena Pharmaceuticals, Inc		269,675
28,012	*	Arqule, Inc		171,994
32,444	*	Array Biopharma, Inc		101,874
14,099	*	ARYx Therapeutics, Inc		58,229
28,857	*	Auxilium Pharmaceuticals, Inc		905,532
41,076	*	AVANIR Pharmaceuticals, Inc		91,189
52,021	*	AVI BioPharma, Inc		82,193
12,390		Balchem Corp		303,803
14,522	*	BioCryst Pharmaceuticals, Inc		58,524
10,293	*	Biodel, Inc		53,112
6,346	*	BioDelivery Sciences International, Inc		42,328
9,791	*	BioMimetic Therapeutics, Inc		90,469
2,427	*	Biospecifics Technologies Corp		57,835
17,429	*	Cadence Pharmaceuticals, Inc		174,116
36,974	*	Calgon Carbon Corp		513,569
19,713	*	Cambrex Corp		81,218
7,325	*	Caraco Pharmaceutical Laboratories Ltd		22,488

176

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
6,052	*	Cardiovascular Systems, Inc	$	46,661
312,107	*	Cell Therapeutics, Inc		536,824
8,732	*	Celldex Therapeutics, Inc		68,284
4,095		Chase Corp		48,731
13,137	*	Chattem, Inc		894,629
1,364	*	China Green Agriculture, Inc		11,035
20,863	*	China Precision Steel, Inc		51,740
4,927	*	China-Biotics, Inc		53,113
4,398	*	Cornerstone Therapeutics, Inc		48,290
10,065	*	Cougar Biotechnology, Inc		432,392
38,930	*	Cubist Pharmaceuticals, Inc		713,587
43,180	*	Curis, Inc		68,656
25,705	*	Cypress Bioscience, Inc		242,141
29,597	*	Cytokinetics, Inc		83,760
18,228	*	Cytori Therapeutics, Inc		65,803
80,781	*	Discovery Laboratories, Inc		83,204
55,526	*	Durect Corp		132,152
15,949	*	Elizabeth Arden, Inc		139,235
11,039	*	Emergent Biosolutions, Inc		158,189
30,629	*	Enzon Pharmaceuticals, Inc		241,050
16,591	*	Facet Biotech Corp		154,130
10,737	*	Female Health Co		51,538
30,559		Ferro Corp		84,037
60,157	*	Geron Corp		461,404
12,895	*	GTx, Inc		119,021
32,831		H.B. Fuller Co		616,238
42,454	*	Halozyme Therapeutics, Inc		295,904
5,886		Hawkins, Inc		132,906
74,870	*	Hemispherx Biopharma, Inc		190,170
5,498	*	Hi-Tech Pharmacal Co, Inc		48,932
91,852	*	Human Genome Sciences, Inc		262,697
17,716	*	ICO, Inc		48,188
18,695	*	Idenix Pharmaceuticals, Inc		68,798
14,628	*	Idera Pharmaceuticals, Inc		85,720
47,597	*	Immucor, Inc		654,935
34,518	*	Immunogen, Inc		297,200
40,975	*	Impax Laboratories, Inc		301,576
11,643		Innophos Holdings, Inc		196,650
15,951		Innospec, Inc		171,473
28,592	*	Inspire Pharmaceuticals, Inc		158,972
9,579		Inter Parfums, Inc		70,310
25,805	*	InterMune, Inc		392,236
35,337	*	Javelin Pharmaceuticals, Inc		43,465
10,347		Kaiser Aluminum Corp		371,561
13,803		Koppers Holdings, Inc		363,985
26,216	*	KV Pharmaceutical Co (Class A)		84,153
17,739	*	Landec Corp		120,448
6,801	*	Lannett Co, Inc		46,587
76,566	*	Ligand Pharmaceuticals, Inc (Class B)		218,979
11,682		Mannatech, Inc		38,551
34,125	*	MannKind Corp		283,579
5,293	*	MAP Pharmaceuticals, Inc		64,680

177

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
22,394		Martek Biosciences Corp	$	473,633
86,839	*	Medarex, Inc		725,106
35,616	*	Medicines Co		298,818
39,777		Medicis Pharmaceutical Corp (Class A)		649,161
8,750	*	Medifast, Inc		100,275
19,399	*	Medivation, Inc		434,732
26,318		Meridian Bioscience, Inc		594,260
28,743	*	Micromet, Inc		143,140
22,961	*	MiddleBrook Pharmaceuticals, Inc		30,997
12,655		Minerals Technologies, Inc		455,833
11,576	*	Molecular Insight Pharmaceuticals, Inc		59,848
23,790	*	Momenta Pharmaceuticals, Inc		286,194
15,598	*	Myriad Pharmaceuticals, Inc		72,531
33,642	*	Nabi Biopharmaceuticals		81,414
7,709	*	Nanosphere, Inc		37,851
26,414	*	Neurocrine Biosciences, Inc		85,317
6,976	*	NeurogesX, Inc		39,345
6,803		NewMarket Corp		458,046
4,826		NL Industries, Inc		35,616
41,883	*	Novavax, Inc		137,376
16,824	*	Noven Pharmaceuticals, Inc		240,583
32,135	*	NPS Pharmaceuticals, Inc		149,749
7,355	*	Nutraceutical International Corp		76,418
11,353	*	Obagi Medical Products, Inc		82,763
51,069		Olin Corp		607,210
20,663	*	OM Group, Inc		599,640
29,648	*	Omnova Solutions, Inc		96,652
2,699	*	OncoGenex Pharmaceutical, Inc		59,054
38,442	*	Onyx Pharmaceuticals, Inc		1,086,370
29,415	*	Opko Health, Inc		52,065
19,350	*	Optimer Pharmaceuticals, Inc		289,670
31,142	*	OraSure Technologies, Inc		76,921
13,234	*	Orexigen Therapeutics, Inc		67,890
10,845	*	Osiris Therapeutics, Inc		145,648
18,517	*	OXiGENE, Inc		40,367
23,522	*	Pain Therapeutics, Inc		126,313
23,499	*	Par Pharmaceutical Cos, Inc		356,010
38,877	*	Parexel International Corp		559,051
80,731		PDL BioPharma, Inc		637,775
15,705	*	PetMed Express, Inc		236,046
14,151	*	Pharmasset, Inc		159,199
20,609	*	PharMerica Corp		404,555
62,472	*	PolyOne Corp		169,299
15,525	*	Poniard Pharmaceuticals, Inc		92,684
17,658	*	Pozen, Inc		135,613
22,919	*	Prestige Brands Holdings, Inc		140,952
18,036	*	Progenics Pharmaceuticals, Inc		92,885
23,338	*	Protalix BioTherapeutics, Inc		105,488
38,766	*	Questcor Pharmaceuticals, Inc		193,830
17,392	*	Quidel Corp		253,228
6,403	*	Repros Therapeutics, Inc		46,038
13,187	*	Revlon, Inc (Class A)		71,737

178

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
33,308	*	Rockwood Holdings, Inc	$	487,629
32,544	*	Salix Pharmaceuticals Ltd		321,209
35,081	*	Santarus, Inc		98,928
24,048	*	Sciclone Pharmaceuticals, Inc		61,563
31,602		Sensient Technologies Corp		713,257
17,514	*	SIGA Technologies, Inc		147,818
63,741	*	Solutia, Inc		367,148
22,120	*	Spectrum Pharmaceuticals, Inc		169,218
69,578	*	StemCells, Inc		118,283
4,964		Stepan Co		219,210
7,285	*	Sucampo Pharmaceuticals, Inc (Class A)		44,948
39,998	*	SuperGen, Inc		80,396
10,402	*	SurModics, Inc		235,397
12,429	*	Synta Pharmaceuticals Corp		28,711
36,009	*	Theravance, Inc		527,172
18,692	*	Ulta Salon Cosmetics & Fragrance, Inc		207,855
31,061	*	Unifi, Inc		44,107
4,376	*	USANA Health Sciences, Inc		130,098
75,956	*	USEC, Inc		404,086
18,008	*	Vanda Pharmaceuticals, Inc		211,954
22,385	*	Vical, Inc		60,663
52,341	*	Viropharma, Inc		310,382
13,198		Westlake Chemical Corp		269,107
48,768	*	WR Grace & Co		603,260
18,455	*	Xenoport, Inc		427,602
24,625	*	Zymogenetics, Inc		113,275
		TOTAL CHEMICALS AND ALLIED PRODUCTS		36,953,024
COAL MINING - 0.11%
68,400	*	International Coal Group, Inc		195,624
18,650	*	James River Coal Co		282,175
6,750	*	Westmoreland Coal Co		54,675
		TOTAL COAL MINING		532,474
COMMUNICATIONS - 2.48%
4,170	*	AboveNet, Inc		337,687
37,344		Adtran, Inc		801,777
29,857		Alaska Communications Systems Group, Inc		218,553
19,512	*	Anixter International, Inc		733,456
39,779	*	Aruba Networks, Inc		347,668
6,160		Atlantic Tele-Network, Inc		242,026
10,648	*	Audiovox Corp (Class A)		62,397
33,797	*	Brightpoint, Inc		211,907
15,782	*	Cbeyond Communications, Inc		226,472
57,426	*	Centennial Communications Corp		480,081
145,126	*	Cincinnati Bell, Inc		412,158
15,254		Consolidated Communications Holdings, Inc		178,624
7,284	*	Crown Media Holdings, Inc (Class A)		12,164
9,742		D&E Communications, Inc		99,661
12,302	*	DG FastChannel, Inc		225,127
9,943	*	DigitalGlobe, Inc		190,906
58,923		Fairpoint Communications, Inc		35,354

179

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
3,966	*	Fibernet Telecom Group, Inc	$	49,258
4,074		Fisher Communications, Inc		52,106
29,528	*	General Communication, Inc (Class A)		204,629
12,531	*	GeoEye, Inc		295,230
19,596	*	Global Crossing Ltd		179,891
8,799		HickoryTech Corp		67,576
6,004	*	Hughes Communications, Inc		137,071
18,146		Ibasis, Inc		23,771
18,224	*	inContact, Inc		49,934
22,103		Iowa Telecommunications Services, Inc		276,509
11,514	*	iPCS, Inc		172,249
30,159	*	j2 Global Communications, Inc		680,387
19,630	*	Knology, Inc		169,407
17,735	*	Lin TV Corp (Class A)		29,795
13,641	*	Lodgenet Entertainment Corp		46,379
35,203	*	Mastec, Inc		412,579
26,505	*	Mediacom Communications Corp (Class A)		135,441
22,172	*	Neutral Tandem, Inc		654,517
20,832	*	Novatel Wireless, Inc		187,905
19,566		NTELOS Holdings Corp		360,406
82,393	*	PAETEC Holding Corp		222,461
1,789		Preformed Line Products Co		78,823
24,461	*	RCN Corp		146,032
24,605	*	SAVVIS, Inc		281,973
15,976		Shenandoah Telecom Co		324,153
32,279		Sinclair Broadcast Group, Inc (Class A)		62,621
9,641	*	SureWest Communications		100,941
13,735	*	Switch & Data Facilities Co, Inc		161,112
46,255	*	Syniverse Holdings, Inc		741,469
25,880	*	TeleCommunication Systems, Inc (Class A)		184,007
35,953	*	Terremark Worldwide, Inc		207,808
70,622	*	TiVo, Inc		740,119
15,282		USA Mobility, Inc		194,998
25,937	*	Virgin Mobile USA, Inc (Class A)		104,267
		TOTAL COMMUNICATIONS		12,551,842
DEPOSITORY INSTITUTIONS - 7.50%
10,148		1st Source Corp		175,256
14,463		Abington Bancorp, Inc		115,125
2,770		Alliance Financial Corp		78,557
4,112		American National Bankshares, Inc		79,279
8,915		Ameris Bancorp		56,343
4,423		Ames National Corp		107,965
6,147		Arrow Financial Corp		165,969
57,801		Astoria Financial Corp		495,933
1,591		Auburn National Bancorporation, Inc		45,344
4,936		Bancfirst Corp		170,687
17,316		Banco Latinoamericano de Exportaciones S.A. (Class E)		215,238
2,452		Bancorp Rhode Island, Inc		48,329
31,478		Bank Mutual Corp		274,488
2,081		Bank of Kentucky Financial Corp		58,268
3,497		Bank of Marin Bancorp		94,244

180

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
8,796		Bank of the Ozarks, Inc	$	190,257
14,484		BankFinancial Corp		128,328
10,833		Banner Corp		41,382
1,948		Bar Harbor Bankshares		60,096
22,044	*	Beneficial Mutual Bancorp, Inc		211,622
9,252		Berkshire Hills Bancorp, Inc		192,257
45,788		Boston Private Financial Holdings, Inc		205,130
4,195	*	Bridge Bancorp, Inc		114,188
39,888		Brookline Bancorp, Inc		371,756
2,071		Brooklyn Federal Bancorp, Inc		23,299
4,685		Bryn Mawr Bank Corp		88,406
5,162		Camden National Corp		175,663
8,011		Capital City Bank Group, Inc		134,985
19,147		Cardinal Financial Corp		149,921
5,565		Cass Information Systems, Inc		182,198
33,475		Cathay General Bancorp		318,347
7,463	*	Center Bancorp, Inc		60,823
6,266		Centerstate Banks of Florida, Inc		46,494
18,676		Central Pacific Financial Corp		70,035
2,112		Century Bancorp, Inc		38,945
15,644		Chemical Financial Corp		311,472
1,884		Cheviot Financial Corp		15,072
4,352	*	Chicopee Bancorp, Inc		56,445
6,057		Citizens & Northern Corp		124,592
2,687		Citizens Holding Co		83,834
85,583	*	Citizens Republic Bancorp, Inc		60,764
10,786		City Holding Co		327,463
7,296		Clifton Savings Bancorp, Inc		78,505
5,833		CNB Financial Corp		82,654
12,859		CoBiz, Inc		82,426
135,222		Colonial Bancgroup, Inc		83,838
12,359		Columbia Banking System, Inc		126,433
22,136		Community Bank System, Inc		322,300
10,226		Community Trust Bancorp, Inc		273,546
45,084		CVB Financial Corp		269,151
17,456		Dime Community Bancshares		159,024
16,290	*	Dollar Financial Corp		224,639
6,668	*	Eagle Bancorp, Inc		58,478
43,286		East West Bancorp, Inc		280,926
3,425		Enterprise Bancorp, Inc		40,415
7,386		Enterprise Financial Services Corp		67,139
6,207		ESB Financial Corp		81,436
10,152		ESSA Bancorp, Inc		138,778
32,885	*	Euronet Worldwide, Inc		637,640
4,347		Farmers Capital Bank Corp		109,414
7,113		Financial Institutions, Inc		97,164
9,947		First Bancorp		155,969
54,294		First Bancorp (Puerto Rico)		214,461
5,784		First Bancorp, Inc		112,614
17,533		First Busey Corp		128,868
3,779	*	First California Financial Group, Inc		23,316
57,495		First Commonwealth Financial Corp		364,518

181

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
6,507		First Community Bancshares, Inc	$	83,550
5,471	*	First Defiance Financial Corp		71,123
25,276		First Financial Bancorp		190,076
14,062		First Financial Bankshares, Inc		708,162
7,981		First Financial Corp		252,040
7,672		First Financial Holdings, Inc		72,117
13,463		First Financial Northwest, Inc		105,281
2,721		First Financial Service Corp		47,373
14,119		First Merchants Corp		113,376
32,882		First Midwest Bancorp, Inc		240,367
3,654		First of Long Island Corp		84,554
5,667		First South Bancorp, Inc		65,737
55,374		FirstMerit Corp		940,251
47,054	*	Flagstar Bancorp, Inc		31,997
14,700		Flushing Financial Corp		137,445
60,674		FNB Corp		375,572
3,944	*	Fox Chase Bancorp, Inc		37,823
7,480		German American Bancorp, Inc		107,787
40,230		Glacier Bancorp, Inc		594,197
6,775		Great Southern Bancorp, Inc		139,226
36,537	*	Guaranty Bancorp		69,786
12,481		Hampton Roads Bankshares, Inc		102,968
16,102		Hancock Holding Co		523,154
29,171		Harleysville National Corp		137,104
8,226		Heartland Financial USA, Inc		117,467
3,769	*	Heritage Financial Corp		43,570
1,374		Heritage Financial Group		11,775
6,032	*	Home Bancorp, Inc		72,022
9,450		Home Bancshares, Inc		179,928
11,306		Home Federal Bancorp, Inc		115,208
10,833		IBERIABANK Corp		426,929
14,144		Independent Bank Corp		278,637
35,244		International Bancshares Corp		363,366
32,387	*	Investors Bancorp, Inc		296,665
12,242		Kearny Financial Corp		140,048
2,073		Kentucky First Federal Bancorp		25,187
2,700		K-Fed Bancorp		24,786
13,836		Lakeland Bancorp, Inc		124,386
8,385		Lakeland Financial Corp		159,315
4,998		Legacy Bancorp, Inc		55,478
13,272		MainSource Financial Group, Inc		98,478
23,879		MB Financial, Inc		243,327
3,223		Merchants Bancshares, Inc		71,518
6,709	*	Meridian Interstate Bancorp, Inc		49,982
3,109		Midsouth Bancorp, Inc		52,231
15,190		Nara Bancorp, Inc		78,684
2,239		NASB Financial, Inc		64,035
4,688		National Bankshares, Inc		112,512
56,722		National Penn Bancshares, Inc		261,488
23,149		NBT Bancorp, Inc		502,565
27,271	*	Net 1 UEPS Technologies, Inc		370,613
72,184		NewAlliance Bancshares, Inc		830,116

182

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
3,959	*	Northeast Community Bancorp, Inc	$	32,107
12,908		Northfield Bancorp, Inc		149,991
4,285		Northrim BanCorp, Inc		59,647
11,613		Northwest Bancorp, Inc		219,021
1,261	*	Norwood Financial Corp		39,545
6,083		OceanFirst Financial Corp		72,814
2,689		Ohio Valley Banc Corp		78,895
44,142		Old National Bancorp		433,474
1,353		Old Point Financial Corp		25,031
7,268		Old Second Bancorp, Inc		42,881
16,074		Oriental Financial Group, Inc		155,918
8,273	*	Oritani Financial Corp		113,423
3,454		Orrstown Financial Services, Inc		128,627
31,579		Pacific Capital Bancorp		67,579
8,697		Pacific Continental Corp		105,495
18,242		PacWest Bancorp		240,065
7,217		Park National Corp		407,616
5,613		Peapack Gladstone Financial Corp		108,275
2,591		Penns Woods Bancorp, Inc		75,502
3,566	*	Pennsylvania Commerce Bancorp, Inc		68,681
7,054		Peoples Bancorp, Inc		120,271
2,549	*	Peoples Financial Corp		48,431
16,252	*	Pinnacle Financial Partners, Inc		216,477
1,821		Porter Bancorp, Inc		27,588
14,644		Premierwest Bancorp		49,643
23,599		PrivateBancorp, Inc		524,842
31,152		Prosperity Bancshares, Inc		929,264
38,547		Provident Financial Services, Inc		350,778
23,386		Provident New York Bancorp		189,894
2,690	*	Prudential Bancorp, Inc of Pennsylvania		31,769
2,352		Qc Holdings, Inc		12,089
14,230		Renasant Corp		213,735
6,344		Republic Bancorp, Inc (Class A)		143,311
4,816	*	Republic First Bancorp, Inc		37,565
5,851		Rockville Financial, Inc		64,068
5,766		Roma Financial Corp		73,459
15,898		S&T Bancorp, Inc		193,320
8,898		S.Y. Bancorp, Inc		215,065
11,117		Sandy Spring Bancorp, Inc		163,420
2,881	*	Santander BanCorp		20,052
8,544		SCBT Financial Corp		202,407
5,579		Shore Bancshares, Inc		100,087
5,045		Sierra Bancorp		63,718
23,919	*	Signature Bank		648,683
9,470		Simmons First National Corp (Class A)		253,038
9,924		Smithtown Bancorp, Inc		126,928
55,295		South Financial Group, Inc		65,801
8,897		Southside Bancshares, Inc		203,474
9,885		Southwest Bancorp, Inc		96,478
9,835		State Bancorp, Inc		74,353
15,348		StellarOne Corp		198,757
11,346		Sterling Bancorp		94,739

183

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
55,669		Sterling Bancshares, Inc	$	352,385
35,421		Sterling Financial Corp		103,075
6,277		Suffolk Bancorp		160,942
9,323	*	Sun Bancorp, Inc		48,293
58,279		Susquehanna Bancshares, Inc		284,984
22,007	*	SVB Financial Group		599,031
24,080	*	Texas Capital Bancshares, Inc		372,518
7,527	*	The Bancorp, Inc		45,162
5,574		Tompkins Trustco, Inc		267,273
2,357		Tower Bancorp, Inc		82,849
14,190		TowneBank		198,660
9,404		Trico Bancshares		145,762
51,542		Trustco Bank Corp NY		304,613
38,773		Trustmark Corp		749,094
78,798		UCBH Holdings, Inc		99,285
20,788		UMB Financial Corp		790,152
40,710		Umpqua Holdings Corp		315,910
9,185		Union Bankshares Corp		137,499
25,803		United Bankshares, Inc		504,191
27,357		United Community Banks, Inc		163,870
10,973		United Financial Bancorp, Inc		151,647
4,064		United Security Bancshares		89,002
8,774		Univest Corp of Pennsylvania		177,761
7,175		ViewPoint Financial Group		109,275
6,427		Washington Banking Co		60,542
9,471		Washington Trust Bancorp, Inc		168,868
3,816	*	Waterstone Financial, Inc		11,334
35,715		Webster Financial Corp		287,506
17,136		WesBanco, Inc		249,157
10,920		West Bancorporation, Inc		54,600
19,729		Westamerica Bancorporation		978,756
31,007	*	Western Alliance Bancorp		212,088
21,090		Westfield Financial, Inc		191,075
3,935		Wilber Corp		43,679
13,267		Wilshire Bancorp, Inc		76,285
16,214		Wintrust Financial Corp		260,721
4,184		WSFS Financial Corp		114,265
10,915		Yadkin Valley Financial Corp		75,423
		TOTAL DEPOSITORY INSTITUTIONS		37,995,456
EATING AND DRINKING PLACES - 1.55%
16,566	*	AFC Enterprises		111,821
8,848	*	Benihana, Inc		55,919
13,242	*	BJ's Restaurants, Inc		223,393
20,751		Bob Evans Farms, Inc		596,384
12,147	*	Buffalo Wild Wings, Inc		395,020
12,865	*	California Pizza Kitchen, Inc		170,976
6,862	*	Carrols Restaurant Group, Inc		45,701
15,278		CBRL Group, Inc		426,256
15,556	*	CEC Entertainment, Inc		458,591
40,611	*	Cheesecake Factory		702,570
32,967		CKE Restaurants, Inc		279,560

184

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
63,980	*	Denny's Corp	$	137,557
2,022	*	Diedrich Coffee, Inc		48,083
11,780		DineEquity, Inc		367,418
25,869	*	Domino's Pizza, Inc		193,759
3,168	*	Einstein Noah Restaurant Group, Inc		27,403
1,497		Frisch's Restaurants, Inc		44,221
38,572	*	Jack in the Box, Inc		865,942
39,587	*	Krispy Kreme Doughnuts, Inc		118,761
5,068	*	Landry's Restaurants, Inc		43,585
14,369	*	Luby's, Inc		58,338
9,884	*	McCormick & Schmick's Seafood Restaurants, Inc		75,217
11,812		O'Charleys, Inc		109,261
14,734	*	Papa John's International, Inc		365,256
16,016	*	PF Chang's China Bistro, Inc		513,473
10,501	*	Red Robin Gourmet Burgers, Inc		196,894
35,694	*	Ruby Tuesday, Inc		237,722
12,987	*	Ruth's Chris Steak House, Inc		47,662
41,006	*	Sonic Corp		411,290
17,431	*	Steak N Shake Co		152,347
33,775	*	Texas Roadhouse, Inc (Class A)		368,485
		TOTAL EATING AND DRINKING PLACES		7,848,865
EDUCATIONAL SERVICES - 0.52%
12,269	*	American Public Education, Inc		485,975
9,366	*	Bridgepoint Education, Inc		159,222
19,846	*	ChinaCast Education Corp		141,304
54,084	*	Corinthian Colleges, Inc		915,641
9,506	*	Grand Canyon Education, Inc		159,511
15,963	*	K12, Inc		344,003
5,751	*	Learning Tree International, Inc		59,235
6,534	*	Lincoln Educational Services Corp		136,757
9,803	*	Princeton Review, Inc		53,034
13,363	*	Universal Technical Institute, Inc		199,510
		TOTAL EDUCATIONAL SERVICES		2,654,192
ELECTRIC, GAS, AND SANITARY SERVICES - 4.18%
18,096		Allete, Inc		520,260
12,056		American Ecology Corp		216,044
12,483		American States Water Co		432,411
4,178		Artesian Resources Corp		66,556
36,801		Avista Corp		655,426
26,216		Black Hills Corp		602,706
13,272		California Water Service Group		488,940
7,726		Central Vermont Public Service Corp		139,841
10,669		CH Energy Group, Inc		498,242
4,570		Chesapeake Utilities Corp		148,662
20,269	*	Clean Energy Fuels Corp		174,516
13,762	*	Clean Harbors, Inc		743,010
40,297		Cleco Corp		903,459
5,753		Connecticut Water Service, Inc		124,783
9,805		Consolidated Water Co, Inc		155,409
27,320		Crosstex Energy, Inc		113,651

185

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
30,370	*	El Paso Electric Co	$	423,965
23,077		Empire District Electric Co		381,232
51,029		EnergySolutions, Inc		469,467
8,028	*	EnerNOC, Inc		173,967
4,122		Florida Public Utilities Co		57,832
1,719	*	Heritage-Crystal Clean, Inc		20,886
31,854		Idacorp, Inc		832,664
14,962		Laclede Group, Inc		495,691
15,607		MGE Energy, Inc		523,615
9,087		Middlesex Water Co		131,307
28,480		New Jersey Resources Corp		1,054,899
30,560		Nicor, Inc		1,057,987
5,571	*	NIVS IntelliMedia Technology Group, Inc		16,490
17,907		Northwest Natural Gas Co		793,638
24,286		NorthWestern Corp		552,749
23,063		Otter Tail Corp		503,696
2,874		Pennichuck Corp		65,527
36,456	*	Perma-Fix Environmental Services		88,224
12,731	*	Pico Holdings, Inc		365,380
49,649		Piedmont Natural Gas Co, Inc		1,197,037
11,138	*	Pike Electric Corp		134,213
58,555		PNM Resources, Inc		627,124
50,778		Portland General Electric Co		989,155
7,965		Resource America, Inc (Class A)		42,852
8,729		SJW Corp		198,148
20,141		South Jersey Industries, Inc		702,719
30,210		Southwest Gas Corp		670,964
16,209		Southwest Water Co		89,474
68	*,b,m	Touch America Holdings, Inc		0
19,812		UIL Holdings Corp		444,779
24,057		Unisource Energy Corp		638,473
7,108	*	Unitil Corp		146,567
16,295	*	Waste Services, Inc		84,408
33,882		WGL Holdings, Inc		1,084,902
7,725		York Water Co		118,424
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		21,162,371
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 8.30%
26,278	*	Acme Packet, Inc		265,933
17,662	*	Actel Corp		189,513
27,650		Acuity Brands, Inc		775,583
82,317	*	Adaptec, Inc		218,140
65,314	*	ADC Telecommunications, Inc		519,899
28,968	*	Advanced Analogic Technologies, Inc		132,963
32,683	*	Advanced Battery Technologies, Inc		131,386
22,292	*	Advanced Energy Industries, Inc		200,405
15,726	*	Airvana, Inc		100,175
29,328	*	American Superconductor Corp		769,860
73,828	*	Amkor Technology, Inc		349,206
42,737	*	Anadigics, Inc		179,068
44,530	*	Applied Micro Circuits Corp		362,029
8,779		Applied Signal Technology, Inc		223,952

186

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
83,707	*	Arris Group, Inc	$	1,017,876
10,545	*	Ascent Solar Technologies, Inc		82,462
41,255	*	Atheros Communications, Inc		793,746
20,968	*	ATMI, Inc		325,633
8,213	*	AZZ, Inc		282,609
31,109		Baldor Electric Co		740,083
6,960		Bel Fuse, Inc (Class B)		111,638
44,072	*	Benchmark Electronics, Inc		634,637
23,997	*	BigBand Networks, Inc		124,064
17,425	*	Ceradyne, Inc		307,726
13,344	*	Ceva, Inc		115,826
26,268	*	Checkpoint Systems, Inc		412,145
25,389	*	China BAK Battery, Inc		74,898
16	*,m	China Energy Savings Technology, Inc		1
22,100	*	China Security & Surveillance Technology, Inc		166,634
5,823	*	China TransInfo Technology Corp		27,252
19,008	*	Comtech Telecommunications Corp		605,975
5,995	*	CPI International, Inc		52,097
22,769		CTS Corp		149,137
10,555		Cubic Corp		377,763
9,731	*	DDi Corp		44,081
21,529	*	Diodes, Inc		336,714
14,948	*	DSP Group, Inc		101,048
11,739	*	DTS, Inc		317,775
18,476	*	Electro Scientific Industries, Inc		206,562
51,244	*	EMCORE Corp		64,567
10,273	*	EMS Technologies, Inc		214,706
30,921	*	Energy Conversion Devices, Inc		437,532
27,274	*	EnerSys		496,114
35,650	*	Entropic Communications, Inc		80,213
126,944	*	Evergreen Solar, Inc		275,468
24,353	*	Exar Corp		175,098
38,968	*	Exide Technologies		145,351
15,591		Franklin Electric Co, Inc		404,119
44,804	*	FuelCell Energy, Inc		187,281
14,052	*	Globecomm Systems, Inc		101,034
10,648	*	GP Strategies Corp		62,717
81,256	*	GrafTech International Ltd		919,004
15,671	*	Greatbatch, Inc		354,321
12,421	*	GSI Technology, Inc		47,945
21,240	*	GT Solar International, Inc		112,997
64,635	*	Harmonic, Inc		380,700
39,862	*	Harris Stratex Networks, Inc (Class A)		258,306
20,173	*	Helen of Troy Ltd		338,705
65,249	*	Hexcel Corp		621,823
14,472	*	Hittite Microwave Corp		502,902
20,045		Imation Corp		152,542
60,226	*	Infinera Corp		549,863
14,372	*	Intellon Corp		61,081
29,630	*	InterDigital, Inc		724,157
15,626	*	IPG Photonics Corp		171,417
13,120	*	iRobot Corp		170,298

187

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
15,823		IXYS Corp	$	160,129
77,920	*	Lattice Semiconductor Corp		146,490
14,683	*	Littelfuse, Inc		293,073
7,231	*	Loral Space & Communications, Inc		186,198
12,645		LSI Industries, Inc		68,915
15,182	*	Maxwell Technologies, Inc		209,967
10,430	*	MEMSIC, Inc		44,223
15,330	*	Mercury Computer Systems, Inc		141,803
25,546		Methode Electronics, Inc		179,333
30,340		Micrel, Inc		222,089
54,831	*	Microsemi Corp		756,668
35,146	*	Microtune, Inc		82,242
45,996	*	Microvision, Inc		141,208
29,395	*	MIPS Technologies, Inc		88,185
22,890	*	Monolithic Power Systems, Inc		512,965
28,071	*	Moog, Inc (Class A)		724,513
6,631	*	Multi-Fineline Electronix, Inc		141,903
3,240		National Presto Industries, Inc		246,564
12,207	*	Netlogic Microsystems, Inc		445,067
3,154	*	NVE Corp		153,284
33,350	*	Omnivision Technologies, Inc		346,507
56,276	*	Openwave Systems, Inc		126,058
13,817	*	Oplink Communications, Inc		157,514
18,704	*	OpNext, Inc		40,027
11,847	*	Orion Energy Systems, Inc		44,426
10,529	*	OSI Systems, Inc		219,530
13,838		Park Electrochemical Corp		297,932
19,010	*	Parkervision, Inc		58,171
17,074	*	Pericom Semiconductor Corp		143,763
27,565	*	Photronics, Inc		111,638
33,041		Plantronics, Inc		624,805
26,074	*	Plexus Corp		533,474
22,047	*	PLX Technology, Inc		83,117
57,195	*	Polycom, Inc		1,159,342
15,288	*	Polypore International, Inc		170,003
5,254	*	Powell Industries, Inc		194,766
16,093		Power Integrations, Inc		382,852
51,965	*	Power-One, Inc		77,428
89,320	*	Powerwave Technologies, Inc		143,805
10,818		Raven Industries, Inc		276,941
24,203		Regal-Beloit Corp		961,342
179,629	*	RF Micro Devices, Inc		675,405
10,594	*	Rogers Corp		214,317
8,409	*	Rubicon Technology, Inc		120,081
34,792	*	SatCon Technology Corp		62,626
21,480	*	Seachange International, Inc		172,484
41,242	*	Semtech Corp		656,160
29,862	*	ShoreTel, Inc		238,896
50,478	*	Silicon Image, Inc		116,099
53,645	*	Silicon Storage Technology, Inc		100,316
111,467	*	Skyworks Solutions, Inc		1,090,146
28,780	*	Smart Modular Technologies WWH, Inc		65,331

188

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
8,511	*	Spectrum Control, Inc	$	74,897
14,688	*	Standard Microsystems Corp		300,370
26,463	*	Starent Networks Corp		645,962
10,245	*	Stoneridge, Inc		49,176
7,325	*	Supertex, Inc		183,931
130,122	*	Sycamore Networks, Inc		407,282
29,472	*	Symmetricom, Inc		170,053
23,188	*	Synaptics, Inc		896,216
27,659		Technitrol, Inc		178,954
10,625	*	Techwell, Inc		90,313
44,984	*	Tekelec		757,081
32,868	*	Tessera Technologies, Inc		831,232
42,063	*	Trident Microsystems, Inc		73,190
99,546	*	Triquint Semiconductor, Inc		528,589
29,143	*	TTM Technologies, Inc		231,978
8,113	*	Ultralife Corp		58,170
1,288	*	United Capital Corp		23,596
19,734	*	Universal Display Corp		192,999
9,152	*	Universal Electronics, Inc		184,596
41,994	*	US Geothermal, Inc		59,631
76,609	*	Utstarcom, Inc		124,873
33,383	*	Valence Technology, Inc		59,756
17,538	*	Viasat, Inc		449,674
13,211		Vicor Corp		95,383
10,973	*	Virage Logic Corp		49,379
15,133	*	Volterra Semiconductor Corp		198,848
15,475	*	White Electronic Designs Corp		71,649
42,905	*	Zix Corp		64,358
18,736	*	Zoltek Cos, Inc		182,114
34,882	*	Zoran Corp		380,214
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		42,061,340
ENGINEERING AND MANAGEMENT SERVICES - 2.82%
18,436	*	Accelrys, Inc		108,957
10,475	*	Advisory Board Co		269,208
9,312	*	Affymax, Inc		171,620
58,616	*	Ariad Pharmaceuticals, Inc		93,199
7,963		CDI Corp		88,787
55,284	*	Celera Corp		421,817
14,555	*	comScore, Inc		193,873
7,457	*	Cornell Cos, Inc		120,878
23,038		Corporate Executive Board Co		478,269
7,357	*	CRA International, Inc		204,230
16,116		Diamond Management & Technology Consultants, Inc		67,687
39,712	*	Dyax Corp		84,984
28,753	*	eResearch Technology, Inc		178,556
71,896	*	Exelixis, Inc		350,134
9,089	*	Exponent, Inc		222,771
8,583	*	Franklin Covey Co		53,472
24,150	*	Furmanite Corp		107,709
16,046	*	Hill International, Inc		68,998
14,546	*	Huron Consulting Group, Inc		672,462

189

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
5,943	*	ICF International, Inc	$	163,967
49,808	*	Incyte Corp		163,868
12,118	*	Infinity Pharmaceuticals, Inc		70,769
84,480	*	Insmed, Inc		84,480
62,921	*	Isis Pharmaceuticals, Inc		1,038,197
10,042	*	Kendle International, Inc		122,914
6,313		Landauer, Inc		387,239
54,209	*	Lexicon Pharmaceuticals, Inc		67,219
27,989	*	Luminex Corp		518,916
11,819		MAXIMUS, Inc		487,534
17,092	*	Maxygen, Inc		114,858
6,156		MedQuist, Inc		37,428
5,310	*	Michael Baker Corp		224,932
1,117		National Research Corp		27,255
33,717	*	Navigant Consulting, Inc		435,624
21,340	*	Omnicell, Inc		229,405
42,597	*	Regeneron Pharmaceuticals, Inc		763,338
20,297	*	Repligen Corp		111,634
30,441	*	Resources Connection, Inc		522,672
23,883	*	Rigel Pharmaceuticals, Inc		289,462
36,606	*	RTI Biologics, Inc		157,040
27,730	*	Sangamo Biosciences, Inc		136,986
41,092	*	Savient Pharmaceuticals, Inc		569,535
48,358	*	Seattle Genetics, Inc		470,040
41,319	*	Sequenom, Inc		161,557
7,756	*	Stanley, Inc		255,017
23,056	*	Symyx Technologies, Inc		134,878
7,271	*	Tejon Ranch Co		192,609
40,170	*	Tetra Tech, Inc		1,150,871
4,244	*	Transcend Services, Inc		67,267
2,739		VSE Corp		71,652
28,812		Watson Wyatt & Co Holdings (Class A)		1,081,314
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		14,268,088
FABRICATED METAL PRODUCTS - 1.11%
6,219		Ameron International Corp		416,922
4,989	*	Bway Holding Co		87,457
19,202	*	Chart Industries, Inc		349,092
11,474		CIRCOR International, Inc		270,901
8,695		Dynamic Materials Corp		167,640
32,657	*	Griffon Corp		271,706
8,281		Gulf Island Fabrication, Inc		131,088
3,702	*	Hawk Corp		51,273
11,871		Insteel Industries, Inc		97,817
10,743	*	Ladish Co, Inc		139,337
23,979	*	Mobile Mini, Inc		351,772
78,070		Mueller Water Products, Inc (Class A)		291,982
13,377	*	NCI Building Systems, Inc		35,315
8,569	*	North American Galvanizing & Coating, Inc		51,928
25,435		Quanex Building Products Corp		285,381
18,063		Silgan Holdings, Inc		885,628
25,756		Simpson Manufacturing Co, Inc		556,845

190

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
4,517	*	SmartHeat, Inc	$	30,941
35,938	*	Smith & Wesson Holding Corp		204,128
12,856		Sturm Ruger & Co, Inc		159,929
8,387		Sun Hydraulics Corp		135,618
41,879	*	Taser International, Inc		190,968
10,444	*	Trimas Corp		35,196
19,764		Watts Water Technologies, Inc (Class A)		425,717
		TOTAL FABRICATED METAL PRODUCTS		5,624,581
FISHING, HUNTING, AND TRAPPING - 0.02%
5,954	*	HQ Sustainable Maritime Industries, Inc		54,479
6,128	*	Zapata Corp		41,732
		TOTAL FISHING, HUNTING, AND TRAPPING		96,211
FOOD AND KINDRED PRODUCTS - 1.28%
17,821	*	AgFeed Industries, Inc		105,679
5,398	*	American Dairy, Inc		214,085
14,154	*	American Italian Pasta Co		412,448
11,906		B&G Foods, Inc (Class A)		100,129
5,649	*	Boston Beer Co, Inc (Class A)		167,154
41,971	*	Central Garden and Pet Co (Class A)		413,414
2,840		Coca-Cola Bottling Co Consolidated		156,569
54,474	*	Darling International, Inc		359,528
11,143		Diamond Foods, Inc		310,890
4,519		Farmer Bros Co		103,395
7,982		Imperial Sugar Co		96,662
9,570		J&J Snack Foods Corp		343,563
13,170		Lancaster Colony Corp		580,402
18,767		Lance, Inc		434,081
3,394	*	Lifeway Foods, Inc		43,783
7,362	*	M&F Worldwide Corp		147,240
6,373	*	Matrixx Initiatives, Inc		35,625
7,347	*	National Beverage Corp		78,246
12,389	*	Omega Protein Corp		50,299
10,708	*	Overhill Farms, Inc		56,431
8,634	*	Peet's Coffee & Tea, Inc		217,577
13,739		Sanderson Farms, Inc		618,254
4,366	*	Seneca Foods Corp		145,912
42,311	*	Smart Balance, Inc		288,138
16,320		Tootsie Roll Industries, Inc		370,301
21,323	*	TreeHouse Foods, Inc		613,462
		TOTAL FOOD AND KINDRED PRODUCTS		6,463,267
FOOD STORES - 0.43%
782		Arden Group, Inc (Class A)		97,828
4,649	*	Caribou Coffee Co, Inc		29,847
23,184	*	Great Atlantic & Pacific Tea Co, Inc		98,532
8,240		Ingles Markets, Inc (Class A)		125,578
14,665	*	Pantry, Inc		243,439
29,042		Ruddick Corp		680,453
4,953	*	Susser Holdings Corp		55,424
4,207		Village Super Market (Class A)		125,158

191

TIAA-CREF FUNDS - Small-Cap Blend Index Fund
SHARES		COMPANY		VALUE
7,355		Weis Markets, Inc	$	246,540
36,727	*	Winn-Dixie Stores, Inc		460,557
		TOTAL FOOD STORES		2,163,356
FURNITURE AND FIXTURES - 0.57%
6,239	*	Astronics Corp		64,823
16,632		Ethan Allen Interiors, Inc		172,308
27,148		Furniture Brands International, Inc		82,258
36,662		Herman Miller, Inc		562,395
30,323		HNI Corp		547,633
7,260		Hooker Furniture Corp		83,345
20,688		Kimball International, Inc (Class B)		129,093
33,445		La-Z-Boy, Inc		157,860
30,452	*	Sealy Corp		59,686
6,972	*	Stanley Furniture Co, Inc		75,228
48,276		Steelcase, Inc (Class A)		280,966
50,600		Tempur-Pedic International, Inc		661,343
		TOTAL FURNITURE AND FIXTURES		2,876,938
FURNITURE AND HOME FURNISHINGS STORES - 0.14%
11,957		Haverty Furniture Cos, Inc		109,407
7,628	*	hhgregg, Inc		115,640
31,630		Knoll, Inc		239,755
61,943	*	Pier 1 Imports, Inc		123,267
5,189	*	Rex Stores Corp		52,201
19,323	*	Tuesday Morning Corp		65,119
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		705,389
GENERAL BUILDING CONTRACTORS - 0.46%
870	*	Amrep Corp		9,596
4,103	*	Avatar Holdings, Inc		74,552
27,859	*	Beazer Homes USA, Inc		50,982
6,644		Brookfield Homes Corp		26,576
4,403	*	Cavco Industries, Inc		111,528
34,978	*	Hovnanian Enterprises, Inc (Class A)		82,548
12,398	*	M/I Homes, Inc		121,376
16,041		McGrath RentCorp		305,741
21,170	*	Meritage Homes Corp		399,267
18,947	*	Perini Corp		328,920
29,099		Ryland Group, Inc		487,700
68,280	*	Standard-Pacific Corp		138,608
12,741	*	Team, Inc		199,651
		TOTAL GENERAL BUILDING CONTRACTORS		2,337,045
GENERAL MERCHANDISE STORES - 0.51%
31,656	*	99 Cents Only Stores		429,888
34,196		Casey's General Stores, Inc		878,496
6,566	*	Conn's, Inc		82,075
34,596		Dillard's, Inc (Class A)		318,283
27,041		Fred's, Inc (Class A)		340,717
16,854	*	Retail Ventures, Inc		36,742
80,331	*	Saks, Inc		355,866

192

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
17,256	*	Stein Mart, Inc	$	152,888
		TOTAL GENERAL MERCHANDISE STORES		2,594,955
HEALTH SERVICES - 1.93%
17,709	*	Alliance Imaging, Inc		129,807
30,376	*	Allied Healthcare International, Inc		65,916
4,847	*	Almost Family, Inc		126,555
18,484	*	Amedisys, Inc		610,342
5,598	*	America Service Group, Inc		89,960
8,745	*	American Dental Partners, Inc		79,317
20,564	*	Amsurg Corp		440,892
6,803	*	Assisted Living Concepts, Inc (A Shares)		98,984
7,993	*	Bio-Reference Labs, Inc		252,659
7,039	*	China Sky One Medical, Inc		94,886
19,781	*	Continucare Corp		46,090
5,011	*	Corvel Corp		114,100
20,818	*	Cross Country Healthcare, Inc		143,020
19,097	*	CryoLife, Inc		105,797
16,733	*	eHealth, Inc		295,505
13,382	*	Emeritus Corp		176,776
7,444		Ensign Group, Inc		105,928
22,207	*	Enzo Biochem, Inc		98,377
9,516	*	Genomic Health, Inc		164,912
11,388	*	Genoptix, Inc		364,302
19,568	*	Gentiva Health Services, Inc		322,089
16,078	*	Health Grades, Inc		62,865
59,660	*	Healthsouth Corp		861,490
22,888	*	Healthways, Inc		307,844
44,031	*	Immunomedics, Inc		111,839
10,876	*	IPC The Hospitalist Co, Inc		290,280
26,375	*	Kindred Healthcare, Inc		326,259
11,109	*	LCA-Vision, Inc		46,880
10,240	*	LHC Group, Inc		227,430
6,033	*	Life Sciences Research, Inc		43,257
23,923	*	Magellan Health Services, Inc		785,153
10,060	*	Medcath Corp		118,306
5,404		National Healthcare Corp		205,028
62,576	*	Nektar Therapeutics		405,492
14,193	*	Nighthawk Radiology Holdings, Inc		52,514
13,477	*	NovaMed, Inc		53,234
22,265	*	Odyssey HealthCare, Inc		228,884
37,990	*	Psychiatric Solutions, Inc		863,892
12,444	*	RehabCare Group, Inc		297,785
13,091	*	Skilled Healthcare Group, Inc (Class A)		98,183
29,444	*	Sun Healthcare Group, Inc		248,507
31,871	*	Sunrise Senior Living, Inc		52,587
8,013	*	US Physical Therapy, Inc		118,192
4,784	*	Virtual Radiologic Corp		43,200
		TOTAL HEALTH SERVICES		9,775,315
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.45%
12,732	*	Broadwind Energy, Inc		144,126

193

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
13,421	*	Comverge, Inc	$	162,394
23,150		Granite Construction, Inc		770,432
27,036		Great Lakes Dredge & Dock Corp		129,232
6,856	*	LB Foster Co (Class A)		206,160
17,680	*	Matrix Service Co		202,966
11,631	*	MYR Group, Inc		235,179
14,571	*	Orion Marine Group, Inc		276,849
8,911	*	Sterling Construction Co, Inc		135,982
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		2,263,320
HOLDING AND OTHER INVESTMENT OFFICES - 5.80%
26,796		Acadia Realty Trust		349,688
5,229		Agree Realty Corp		95,848
1,323		Alexander's, Inc		356,681
120,717		Allied Capital Corp		420,095
35,258		American Campus Communities, Inc		782,022
6,753		American Capital Agency Corp		155,116
13,976	*	Ampal American Israel (Class A)		34,101
53,046		Anthracite Capital, Inc		32,889
68,678		Anworth Mortgage Asset Corp		495,168
41,812		Ashford Hospitality Trust, Inc		117,492
9,638		Associated Estates Realty Corp		57,442
66,270		BioMed Realty Trust, Inc		677,942
7,949	*	Cape Bancorp, Inc		68,600
32,355		Capital Lease Funding, Inc		89,300
1,945		Capital Southwest Corp		140,721
42,919		Capstead Mortgage Corp		545,500
8,361		Care Investment Trust, Inc		43,477
48,095		CBL & Associates Properties, Inc		259,232
26,287		Cedar Shopping Centers, Inc		118,817
5,064		Cherokee, Inc		100,368
18,863		Cogdell Spencer, Inc		80,922
32,980		Colonial Properties Trust		244,052
28,689		Cousins Properties, Inc		243,857
11,857		Danvers Bancorp, Inc		159,477
118,972		DCT Industrial Trust, Inc		485,406
92,969		Developers Diversified Realty Corp		453,689
72,987		DiamondRock Hospitality Co		456,899
5,795		Dynex Capital, Inc		47,519
17,035		EastGroup Properties, Inc		562,496
19,262		Education Realty Trust, Inc		82,634
23,617		Entertainment Properties Trust		486,510
14,141		Equity Lifestyle Properties, Inc		525,762
22,090		Equity One, Inc		292,913
58,401		Extra Space Storage, Inc		487,648
43,814		FelCor Lodging Trust, Inc		107,782
28,615		First Industrial Realty Trust, Inc		124,475
18,570		First Potomac Realty Trust		181,058
39,915		Franklin Street Properties Corp		528,874
11,825		Getty Realty Corp		223,138
14,278		Gladstone Capital Corp		107,513
5,577		Gladstone Commercial Corp		72,278

194

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
23,786		Glimcher Realty Trust	$	68,979
28,415		Gramercy Capital Corp		45,748
17,445	*	Harris & Harris Group, Inc		101,704
24,453		Hatteras Financial Corp		699,111
40,069		Healthcare Realty Trust, Inc		674,361
28,817		Hersha Hospitality Trust		71,466
47,867		Highwoods Properties, Inc		1,070,785
27,770	*	Hilltop Holdings, Inc		329,630
22,234		Home Properties, Inc		758,179
47,446		Inland Real Estate Corp		332,122
39,955		Investors Real Estate Trust		355,200
12,547		iShares Russell 2000 Index Fund		639,395
67,333	*	iStar Financial, Inc		191,226
24,387		Kilroy Realty Corp		500,909
31,351		Kite Realty Group Trust		91,545
36,082		LaSalle Hotel Properties		445,252
56,997		Lexington Corporate Properties Trust		193,790
15,663		LTC Properties, Inc		320,308
4,786	*	Main Street Capital Corp		65,520
54,118		Medical Properties Trust, Inc		328,496
150,527		MFA Mortgage Investments, Inc		1,041,647
19,070		Mid-America Apartment Communities, Inc		700,060
13,070		Mission West Properties, Inc		89,268
12,959		Monmouth Real Estate Investment Corp (Class A)		75,940
15,257		MVC Capital, Inc		129,074
17,538		National Health Investors, Inc		468,440
54,015		National Retail Properties, Inc		937,160
37,599		NorthStar Realty Finance Corp		106,405
55,694		Omega Healthcare Investors, Inc		864,371
14,629		Parkway Properties, Inc		190,177
22,748		Pennsylvania Real Estate Investment Trust		113,740
29,981		Post Properties, Inc		402,945
26,854		Potlatch Corp		652,284
28,014		Prospect Capital Corp		257,729
9,808		PS Business Parks, Inc		475,100
43,261		RAIT Investment Trust		59,268
10,651		Ramco-Gershenson Properties		106,617
52,359		Redwood Trust, Inc		772,819
14,778		Resource Capital Corp		47,290
4,834		Saul Centers, Inc		142,941
15,322		Sovran Self Storage, Inc		376,921
7,844	*	SRS Labs, Inc		52,163
51,404		Strategic Hotels & Resorts, Inc		57,058
11,154		Sun Communities, Inc		153,702
50,762		Sunstone Hotel Investors, Inc		271,577
24,875		Tanger Factory Outlet Centers, Inc		806,696
5,892		UMH Properties, Inc		46,959
7,860		Universal Health Realty Income Trust		247,747
13,485		Urstadt Biddle Properties, Inc (Class A)		189,869
33,735		U-Store-It Trust		165,302
19,133	*	Vantage Drilling Co		33,483
3,913	*	Virtus Investment Partners, Inc		57,482

195

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
12,070	*	Walter Investment Management Corp	$	160,290
39,361		Washington Real Estate Investment Trust		880,506
7,884		Winthrop Realty Trust		70,404
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		29,382,561
HOTELS AND OTHER LODGING PLACES - 0.43%
17,292		Ameristar Casinos, Inc		329,067
8,691	*	Bluegreen Corp		21,901
24,763	*	Gaylord Entertainment Co		314,738
19,600	*	Great Wolf Resorts, Inc		39,984
10,459	*	Isle of Capri Casinos, Inc		139,314
13,545		Marcus Corp		142,493
7,153	*	Monarch Casino & Resort, Inc		52,217
14,898	*	Morgans Hotel Group Co		57,059
51,904	*	Orient-Express Hotels Ltd (Class A)		440,665
9,442	*	Outdoor Channel Holdings, Inc		55,708
9,011	*	Red Lion Hotels Corp		43,253
19,363	*	Vail Resorts, Inc		519,316
		TOTAL HOTELS AND OTHER LODGING PLACES		2,155,715
INDUSTRIAL MACHINERY AND EQUIPMENT - 4.24%
18,549	*	3PAR, Inc		230,008
8,956		Aaon, Inc		178,404
38,346		Actuant Corp (Class A)		467,821
4,390		Alamo Group, Inc		44,339
39,803	*	Allis-Chalmers Energy, Inc		91,945
18,028	*	Altra Holdings, Inc		135,030
5,746		Ampco-Pittsburgh Corp		134,744
4,995	*	Argan, Inc		70,579
12,061	*	Astec Industries, Inc		358,091
11,854		Black Box Corp		396,753
25,929	*	Blount International, Inc		223,249
5,729	*	Bolt Technology Corp		64,394
33,670		Briggs & Stratton Corp		449,158
43,458	*	Brooks Automation, Inc		194,692
5,901		Cascade Corp		92,823
2,964	*	China Automotive Systems, Inc		16,302
44,144	*	Cirrus Logic, Inc		198,648
16,011	*	Colfax Corp		123,605
12,505	*	Columbus McKinnon Corp		158,188
23,074	*	Cray, Inc		181,823
30,566		Curtiss-Wright Corp		908,726
20,072	*	Cymer, Inc		596,741
19,873	*	Dril-Quip, Inc		757,161
56,059	*	Emulex Corp		548,257
32,314	*	Ener1, Inc		176,434
14,503	*	ENGlobal Corp		71,355
13,494	*	EnPro Industries, Inc		243,027
76,719	*	Entegris, Inc		208,676
60,049	*	Extreme Networks, Inc		120,098
10,615	*	Flanders Corp		64,858
24,964	*	Flow International Corp		58,665

196

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
12,073	*	Fuel Tech, Inc	$	117,108
9,690		Gorman-Rupp Co		195,447
6,839		Graham Corp		90,959
7,636	*	Harbin Electric, Inc		119,427
4,179	*	Hurco Cos, Inc		65,318
18,631	*	Immersion Corp		92,037
41,931	*	Intermec, Inc		540,910
14,840	*	Intevac, Inc		129,256
17,420	*	Isilon Systems, Inc		73,861
18,594		John Bean Technologies Corp		232,797
8,155	*	Kadant, Inc		92,070
22,377		Kaydon Corp		728,595
41,365	*	Kulicke & Soffa Industries, Inc		141,882
8,311		Lindsay Manufacturing Co		275,094
10,047		Lufkin Industries, Inc		422,476
9,689		Met-Pro Corp		104,835
11,531	*	Middleby Corp		506,442
22,116		Modine Manufacturing Co		106,157
3,812		Nacco Industries, Inc (Class A)		109,481
13,452	*	NATCO Group, Inc (Class A)		442,840
7,966	*	Natural Gas Services Group, Inc		105,948
31,864	*	Netezza Corp		265,108
23,091	*	Netgear, Inc		332,741
22,697		Nordson Corp		877,466
1,883		Omega Flex, Inc		28,546
93,138		Palm, Inc		1,543,296
5,525	*	PAR Technology Corp		35,305
8,913	*	PMFG, Inc		78,524
5,527		Primoris Services Corp		41,010
141,881	*	Quantum Corp		117,761
20,196	*	Rackable Systems, Inc		91,690
14,678	*	RBC Bearings, Inc		300,165
6,441	*	Rimage Corp		106,985
36,977	*	Riverbed Technology, Inc		857,497
18,325		Robbins & Myers, Inc		352,756
82,325	*	Safeguard Scientifics, Inc		108,669
7,576		Sauer-Danfoss, Inc		46,441
17,933	*	Scansource, Inc		439,717
15,327	*	Semitool, Inc		70,811
17,973	*	Sigma Designs, Inc		288,287
8,212		Standex International Corp		95,259
17,304	*	STEC, Inc		401,280
15,302	*	Super Micro Computer, Inc		117,213
8,509	*	T-3 Energy Services, Inc		101,342
12,461	*	Tecumseh Products Co (Class A)		120,996
12,590		Tennant Co		231,530
5,911		Twin Disc, Inc		40,254
15,966	*	Ultratech, Inc		196,541
48,762	*	VeriFone Holdings, Inc		366,203
16,133		Watsco, Inc		789,388
40,741		Woodward Governor Co		806,672
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		21,506,987

197

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
INSTRUMENTS AND RELATED PRODUCTS - 6.08%
14,789	*	Abaxis, Inc	$	303,766
21,802	*	Abiomed, Inc		192,294
26,759	*	Accuray, Inc		178,483
47,756	*	Affymetrix, Inc		283,193
39,406	*	Align Technology, Inc		417,704
20,268	*	Alphatec Holdings, Inc		67,290
49,890	*	American Medical Systems Holdings, Inc		788,262
6,154		American Science & Engineering, Inc		425,364
8,680		Analogic Corp		320,726
9,667	*	Anaren, Inc		170,913
16,499	*	Angiodynamics, Inc		218,942
9,138	*	Argon ST, Inc		187,969
11,788	*	Aspect Medical Systems, Inc		69,667
1,018		Atrion Corp		136,504
32,008	*	ATS Medical, Inc		105,306
6,487	*	Axsys Technologies, Inc		347,963
9,701		Badger Meter, Inc		397,741
11,497	*	Bovie Medical Corp		100,139
32,701	*	Bruker BioSciences Corp		302,811
8,466	*	Cantel Medical Corp		137,403
13,348	*	Cardiac Science Corp		53,659
16,053	*	CardioNet, Inc		261,985
39,140	*	Cepheid, Inc		368,699
19,815	*	Clarient, Inc		73,712
15,232	*	Coherent, Inc		314,998
15,789		Cohu, Inc		141,785
19,609	*	Conmed Corp		304,332
8,958	*	Cutera, Inc		77,218
18,486	*	Cyberonics, Inc		307,422
6,636	*	Cynosure, Inc (Class A)		50,765
15,212	*	Delcath Systems, Inc		54,459
35,046	*	Depomed, Inc		113,900
30,990	*	DexCom, Inc		191,828
11,968	*	Dionex Corp		730,407
5,218	*	DXP Enterprises, Inc		59,850
181,310		Eastman Kodak Co		536,678
11,889	*	Electro-Optical Sciences, Inc		92,615
29,659	*	Endologix, Inc		99,061
10,297	*	EnteroMedics, Inc		34,289
17,716	*	ESCO Technologies, Inc		793,677
20,063	*	Esterline Technologies Corp		543,105
47,912	*	ev3, Inc		513,617
5,480	*	Exactech, Inc		79,460
11,315	*	FARO Technologies, Inc		175,722
25,252	*	FEI Co		578,271
9,867	*	FGX International Holdings Ltd		112,286
33,337	*	Formfactor, Inc		574,730
31,704	*	Fossil, Inc		763,432
17,315	*	Haemonetics Corp		986,955
18,358	*	Hanger Orthopedic Group, Inc		249,485

198

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
16,594	*	Harvard Bioscience, Inc	$	65,546
8,926	*	Herley Industries, Inc		97,918
7,837	*	Home Diagnostics, Inc		48,119
8,592	*	ICU Medical, Inc		353,561
8,606	*	ICx Technologies, Inc		51,636
14,698	*	I-Flow Corp		102,004
16,826	*	II-VI, Inc		373,032
17,515	*	Insulet Corp		134,866
12,724	*	Integra LifeSciences Holdings Corp		337,313
20,974		Invacare Corp		370,191
60,513	*	ION Geophysical Corp		155,518
12,033	*	IRIS International, Inc		141,989
22,342	*	ISTA Pharmaceuticals, Inc		93,836
21,176	*	Ixia		142,726
5,549	*	Kensey Nash Corp		145,439
45,662	*	Kopin Corp		167,580
1,678	*	K-Tron International, Inc		133,703
9,446	*	KVH Industries, Inc		64,516
50,523	*	L-1 Identity Solutions, Inc		391,048
8,523	*	LaBarge, Inc		79,008
8,842	*	MAKO Surgical Corp		79,755
34,280	*	Masimo Corp		826,491
9,729	*	Measurement Specialties, Inc		68,589
9,551	*	Medical Action Industries, Inc		109,359
18,869	*	Merit Medical Systems, Inc		307,565
10,652	*	Micrus Endovascular Corp		96,294
18,022		Mine Safety Appliances Co		434,330
33,317	*	MKS Instruments, Inc		439,451
10,927		Movado Group, Inc		115,171
11,394		MTS Systems Corp		235,286
18,930	*	Natus Medical, Inc		218,452
9,390	*	Neogen Corp		272,122
24,465	*	Newport Corp		141,652
24,637	*	NuVasive, Inc		1,098,810
16,295	*	NxStage Medical, Inc		96,141
11,556	*	Orthofix International NV		289,016
44,653	*	Orthovita, Inc		229,963
2,649	*	OYO Geospace Corp		67,973
12,176	*	Palomar Medical Technologies, Inc		178,500
27,254	*	RAE Systems, Inc		37,611
6,772	*	Rochester Medical Corp		90,745
9,530	*	Rockwell Medical Technologies, Inc		71,952
19,533	*	Rofin-Sinar Technologies, Inc		390,855
20,798	*	Rudolph Technologies, Inc		114,805
11,456	*	Sirona Dental Systems, Inc		229,005
8,148	*	Somanetics Corp		134,523
11,566	*	SonoSite, Inc		232,014
21,708	*	Spectranetics Corp		107,020
47,947	*	Star Scientific, Inc		42,673
18,384	*	Stereotaxis, Inc		71,330
39,507		STERIS Corp		1,030,343
24,188	*	Symmetry Medical, Inc		225,432

199

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
7,786	*	Synovis Life Technologies, Inc	$	161,715
24,348	*	Teledyne Technologies, Inc		797,397
38,161	*	Thoratec Corp		1,021,952
8,829	*	Trans1, Inc		55,005
2,177		Utah Medical Products, Inc		58,148
19,474	*	Varian, Inc		767,860
10,961	*	Vascular Solutions, Inc		85,715
21,696	*	Veeco Instruments, Inc		251,457
9,659	*	Vital Images, Inc		109,630
47,101	*	Vivus, Inc		286,374
32,638	*	Volcano Corp		456,279
25,709	*	Wright Medical Group, Inc		418,028
17,465	*	X-Rite, Inc		26,198
3,680		Young Innovations, Inc		80,187
14,241	*	Zoll Medical Corp		275,421
9,498	*	Zygo Corp		44,261
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		30,819,246
INSURANCE AGENTS, BROKERS AND SERVICE - 0.07%
14,032	*	Crawford & Co (Class B)		67,354
4,847		Life Partners Holdings, Inc		68,730
27,777		National Financial Partners Corp		203,328
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		339,412
INSURANCE CARRIERS - 3.98%
193,122		Ambac Financial Group, Inc		177,672
7,208	*	American Caresource Holdings, Inc		26,958
35,334		American Equity Investment Life Holding Co		197,164
5,009		American Physicians Capital, Inc		196,152
4,030		American Physicians Service Group, Inc		91,441
6,187	*	American Safety Insurance Holdings Ltd		84,205
35,744	*	AMERIGROUP Corp		959,726
12,759	*	Amerisafe, Inc		198,530
15,335		Amtrust Financial Services, Inc		174,819
20,828	*	Argo Group International Holdings Ltd		587,766
41,081		Assured Guaranty Ltd		508,583
5,597		Baldwin & Lyons, Inc (Class B)		110,261
24,788	*	Catalyst Health Solutions, Inc		618,213
29,098	*	Centene Corp		581,378
24,624	*	Citizens, Inc (Class A)		149,714
11,362	*	CNA Surety Corp		153,273
124,730	*	Conseco, Inc		295,610
28,998		Delphi Financial Group, Inc (Class A)		563,431
7,835		Donegal Group, Inc (Class A)		119,170
4,714		Eastern Insurance Holdings, Inc		44,359
3,868		EMC Insurance Group, Inc		80,493
31,552		Employers Holdings, Inc		427,530
4,512	*	Enstar Group Ltd		265,531
8,727		FBL Financial Group, Inc (Class A)		72,085
11,085	*	First Acceptance Corp		23,611
9,642		First Mercury Financial Corp		132,770
25,716		Flagstone Reinsurance Holdings Ltd		264,875

200

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
5,039	*	Fpic Insurance Group, Inc	$	154,294
18,936	*	Greenlight Capital Re Ltd (Class A)		327,782
6,209	*	Hallmark Financial Services		44,394
8,893		Harleysville Group, Inc		250,960
33,091	*	Healthspring, Inc		359,368
26,252		Horace Mann Educators Corp		261,732
4,372		Independence Holding Co		27,806
9,362		Infinity Property & Casualty Corp		341,339
37,815		IPC Holdings Ltd		1,033,863
2,858		Kansas City Life Insurance Co		76,909
33,683		Maiden Holdings Ltd		220,960
31,170		Max Re Capital Ltd		575,398
38,849		Meadowbrook Insurance Group, Inc		253,684
3,497		Mercer Insurance Group, Inc		55,602
27,304	*	Metropolitan Health Networks, Inc		54,881
84,545		MGIC Investment Corp		371,998
8,932	*	Molina Healthcare, Inc		213,653
58,322		Montpelier Re Holdings Ltd		775,099
4,084		National Interstate Corp		61,995
1,523		National Western Life Insurance Co (Class A)		177,810
8,604	*	Navigators Group, Inc		382,276
3,256		NYMAGIC, Inc		45,193
76,114		Phoenix Cos, Inc		127,110
34,730		Platinum Underwriters Holdings Ltd		992,931
21,765	*	PMA Capital Corp (Class A)		99,031
50,711		PMI Group, Inc		100,408
14,232		Presidential Life Corp		107,736
13,826	*	Primus Guaranty Ltd		32,629
22,352	*	ProAssurance Corp		1,032,887
55,207		Radian Group, Inc		150,163
18,590	*	RadNet, Inc		41,828
12,623		RLI Corp		565,510
9,487		Safety Insurance Group, Inc		289,923
14,678	*	SeaBright Insurance Holdings, Inc		148,688
34,827		Selective Insurance Group, Inc		444,741
9,671		State Auto Financial Corp		169,243
11,610		Stewart Information Services Corp		165,443
27,325		Tower Group, Inc		677,114
13,893	*	Triple-S Management Corp (Class B)		216,592
24,744	*	United America Indemnity Ltd (Class A)		118,524
14,975		United Fire & Casualty Co		256,821
19,194	*	Universal American Financial Corp		167,372
8,469	*	Universal Insurance Holdings, Inc		42,514
28,544	*	WellCare Health Plans, Inc		527,779
25,239		Zenith National Insurance Corp		548,696
		TOTAL INSURANCE CARRIERS		20,195,999
JUSTICE, PUBLIC ORDER AND SAFETY - 0.15%
9,507	*	China Fire & Security Group, Inc		115,700
34,559	*	Geo Group, Inc		642,106
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		757,806

201

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
LEATHER AND LEATHER PRODUCTS - 0.51%
56,600	*	CROCS, Inc	$	192,440
12,983	*	Genesco, Inc		243,691
39,631	*	Iconix Brand Group, Inc		609,525
10,743	*	Steven Madden Ltd		273,409
30,098	*	Timberland Co (Class A)		399,400
4,754		Weyco Group, Inc		109,770
33,244		Wolverine World Wide, Inc		733,363
		TOTAL LEATHER AND LEATHER PRODUCTS		2,561,598
LEGAL SERVICES - 0.04%
4,978	*	Pre-Paid Legal Services, Inc		216,991
		TOTAL LEGAL SERVICES		216,991
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.05%
6,710	*	Emergency Medical Services Corp (Class A)		247,062
		TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		247,062
LUMBER AND WOOD PRODUCTS - 0.23%
6,976		American Woodmark Corp		167,075
7,172		Deltic Timber Corp		254,391
70,070	*	Louisiana-Pacific Corp		239,639
4,606		Skyline Corp		100,181
12,966		Universal Forest Products, Inc		429,045
		TOTAL LUMBER AND WOOD PRODUCTS		1,190,331
METAL MINING - 0.45%
29,636	*	Allied Nevada Gold Corp		238,866
46,363	*	Coeur d'Alene Mines Corp		570,266
147,327	*	Hecla Mining Co		394,836
42,369	*	Paramount Gold and Silver Corp		64,401
43,145	*	Patriot Coal Corp		275,265
35,304	*	Rosetta Resources, Inc		308,910
20,384	*	ShengdaTech, Inc		76,848
27,633	*	Stillwater Mining Co		157,784
30,321	*	Uranerz Energy Corp		57,003
52,523	*	US Gold Corp		138,661
		TOTAL METAL MINING		2,282,840
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.27%
4,053		Blyth, Inc		132,898
43,560		Callaway Golf Co		220,849
22,669		Daktronics, Inc		174,551
18,868	*	Jakks Pacific, Inc		242,077
23,797	*	Leapfrog Enterprises, Inc		54,495
6,663		Marine Products Corp		24,986
3,480	*	Oil-Dri Corp of America		51,678
11,678	*	RC2 Corp		154,500
36,277	*	Shuffle Master, Inc		239,791
4,574	*	Steinway Musical Instruments, Inc		48,942
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,344,767

202

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
MISCELLANEOUS RETAIL - 1.27%
18,563	*	1-800-FLOWERS.COM, Inc (Class A)	$	35,641
12,736	*	Allion Healthcare, Inc		75,779
14,555		Big 5 Sporting Goods Corp		160,978
8,717	*	Blue Nile, Inc		374,744
4,668		Books-A-Million, Inc		33,189
33,506	*	Borders Group, Inc		123,302
11,329	*	Build-A-Bear Workshop, Inc		50,641
25,868	*	Cabela's, Inc		318,176
19,960		Cash America International, Inc		466,863
39,228	*	CKX, Inc		278,127
38,580	*	Coldwater Creek, Inc		233,795
58,633	*	Drugstore.Com		106,712
30,556	*	Ezcorp, Inc (Class A)		329,394
6,580	*	Fuqi International, Inc		136,272
3,500	*	Gander Mountain Co		21,000
16,800	*	GSI Commerce, Inc		239,400
19,299	*	Hibbett Sports, Inc		347,382
26,822	*	HSN, Inc		283,509
17,863	*	Jo-Ann Stores, Inc		369,228
8,403	*	Kirkland's, Inc		100,920
20,735		Nutri/System, Inc		300,658
51,574		OfficeMax, Inc		323,885
10,608	*	Overstock.com, Inc		126,872
6,267	*	PC Connection, Inc		32,902
7,335	*	PC Mall, Inc		49,585
10,799		Pricesmart, Inc		180,883
14,014	*	Shutterfly, Inc		195,495
8,154	*	Stamps.com, Inc		69,146
7,022		Systemax, Inc		83,632
19,912		World Fuel Services Corp		820,971
16,133	*	Zale Corp		55,498
13,662	*	Zumiez, Inc		109,433
		TOTAL MISCELLANEOUS RETAIL		6,434,012
MOTION PICTURES - 0.27%
9,512	*	Ascent Media Corp (Series A)		252,829
19,483	*	Avid Technology, Inc		261,267
7,404	*	Carmike Cinemas, Inc		62,046
21,791		Cinemark Holdings, Inc		246,674
10,666	*	Gaiam, Inc (Class A)		58,343
28,478		National CineMedia, Inc		391,857
6,381	*	Rentrak Corp		104,840
		TOTAL MOTION PICTURES		1,377,856
NONDEPOSITORY INSTITUTIONS - 1.15%
30,938		Advance America Cash Advance Centers, Inc		137,055
144,733		American Capital Ltd		464,594
96,104		Apollo Investment Corp		576,625
65,587		Ares Capital Corp		528,632
8,176		BlackRock Kelso Capital Corp		50,936

203

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
19,688	*	Boise, Inc	$	33,863
1,240		California First National Bancorp		14,136
11,828	*	CompuCredit Corp		27,204
4,071	*	Credit Acceptance Corp		88,951
3,662	*	Doral Financial Corp		9,155
9,041	*	Encore Capital Group, Inc		119,793
2,508	*	ePlus, Inc		36,542
17,449		Financial Federal Corp		358,577
15,515	*	First Cash Financial Services, Inc		271,823
41,774	*	First Marblehead Corp		84,383
15,203		Gladstone Investment Corp		73,430
54,031	*	Heckmann Corp		202,616
22,911		Hercules Technology Growth Capital, Inc		191,536
16,032	*	Information Services Group, Inc		48,256
12,379		Kohlberg Capital Corp		78,235
48,198	*	MCG Capital Corp		117,121
9,746		Medallion Financial Corp		74,557
17,455	*	Mercadolibre, Inc		469,191
13,009	*	Nelnet, Inc (Class A)		176,792
16,129	*	NewStar Financial, Inc		30,806
14,067		NGP Capital Resources Co		82,573
26,066	*	Ocwen Financial Corp		338,076
14,269		PennantPark Investment Corp		101,310
36,747	*	PHH Corp		668,061
17,949		TICC Capital Corp		79,155
4,303	*	Tree.com, Inc		41,309
4,851	*	Triangle Capital Corp		52,973
10,970	*	World Acceptance Corp		218,413
		TOTAL NONDEPOSITORY INSTITUTIONS		5,846,679
NONMETALLIC MINERALS, EXCEPT FUELS - 0.11%
15,921		AMCOL International Corp		343,575
25,806	*	Cardium Therapeutics, Inc		47,741
43,067	*	General Moly, Inc		95,609
1,165	*	United States Lime & Minerals, Inc		49,419
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		536,344
OIL AND GAS EXTRACTION - 2.43%
6,156		APCO Argentina, Inc		118,380
8,085	*	Approach Resources, Inc		55,787
25,827	*	Arena Resources, Inc		822,589
22,977		Atlas America, Inc		410,599
19,282	*	ATP Oil & Gas Corp		134,203
15,686	*	Basic Energy Services, Inc		107,135
28,929		Berry Petroleum Co (Class A)		537,790
25,954	*	Bill Barrett Corp		712,697
51,686	*	Boots & Coots, Inc		71,844
56,111	*	Brigham Exploration Co		195,827
16,393	*	Bronco Drilling Co, Inc		70,162
30,264	*	Cal Dive International, Inc		261,178
18,864	*	Carrizo Oil & Gas, Inc		323,518
37,979	*	Cheniere Energy, Inc		111,658

204

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
3,975	*	Clayton Williams Energy, Inc	$	75,008
39,429	*	Complete Production Services, Inc		250,768
8,495	*	Contango Oil & Gas Co		360,953
4,736	*	CREDO Petroleum Corp		50,580
18,039	*	Cubic Energy, Inc		19,482
5,279	*	Dawson Geophysical Co		157,578
120,238	*	Delta Petroleum Corp		232,059
76,803	*	Endeavour International Corp		104,452
22,685	*	Energy Recovery, Inc		160,610
28,718	*	FX Energy, Inc		108,841
3,747	*	Geokinetics, Inc		51,147
4,907	*	Georesources, Inc		50,051
67,388	*	Global Industries Ltd		381,416
16,573	*	GMX Resources, Inc		176,337
16,557	*	Goodrich Petroleum Corp		407,137
17,535	*	Gulfport Energy Corp		120,115
22,243	*	Harvest Natural Resources, Inc		98,092
58,993	*	Hercules Offshore, Inc		234,202
679	*	Isramco, Inc		72,334
6,826		Kayne Anderson Energy Development Co		90,513
83,549	*	Key Energy Services, Inc		481,242
42,027	*	McMoRan Exploration Co		250,481
59,984	*	Newpark Resources, Inc		170,954
19,064	*	Northern Oil And Gas, Inc		121,438
131,260	*	Oilsands Quest, Inc		126,010
4,742		Panhandle Oil and Gas, Inc (Class A)		93,085
30,456	*	Parallel Petroleum Corp		59,085
78,403	*	Parker Drilling Co		340,269
29,685		Penn Virginia Corp		485,943
10,058	*	Petroleum Development Corp		157,810
28,234	*	Petroquest Energy, Inc		104,183
29,288	*	Pioneer Drilling Co		140,290
11,638	*	PowerSecure International, Inc		49,578
512	*	PrimeEnergy Corp		18,335
17,094	*	Rex Energy Corp		97,436
19,158		RPC, Inc		159,969
23,414	*	Stone Energy Corp		173,732
45,749	*	Sulphco, Inc		42,089
9,453	*	Superior Well Services, Inc		56,245
21,070	*	Swift Energy Co		350,816
42,599	*	Syntroleum Corp		94,144
50,859	*	Tetra Technologies, Inc		404,838
8,923	*	TGC Industries, Inc		43,455
13,762		Toreador Resources Corp		92,205
6,753	*	Union Drilling, Inc		44,705
39,338	*	Vaalco Energy, Inc		166,400
13,023	*	Venoco, Inc		99,886
22,956		W&T Offshore, Inc		223,591
39,750	*	Warren Resources, Inc		97,388
26,667	*	Willbros Group, Inc		333,604
8,016	*	Zion Oil & Gas, Inc		85,130
		TOTAL OIL AND GAS EXTRACTION		12,299,378

205

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
PAPER AND ALLIED PRODUCTS - 0.55%
26,109	*	Buckeye Technologies, Inc	$	117,229
32,632	*	Cenveo, Inc		138,033
27,647	*	Domtar Corporation		458,388
30,745		Glatfelter		273,631
76,180	*	Graphic Packaging Holding Co		139,409
13,292	*	Kapstone Paper and Packaging Corp		62,339
9,883		Neenah Paper, Inc		87,069
3,267	*	Orchids Paper Products Co		67,137
25,913		Rock-Tenn Co (Class A)		988,841
10,380		Schweitzer-Mauduit International, Inc		282,440
29,420		Wausau Paper Corp		197,702
		TOTAL PAPER AND ALLIED PRODUCTS		2,812,218
PERSONAL SERVICES - 0.52%
19,749	*	Coinstar, Inc		527,299
3,387		CPI Corp		57,545
12,506		G & K Services, Inc (Class A)		264,502
19,434		Jackson Hewitt Tax Service, Inc		121,657
7,756	*	Mac-Gray Corp		102,689
29,644		Regis Corp		516,103
62,554	*	Sally Beauty Holdings, Inc		397,843
9,848	*	Steiner Leisure Ltd		300,659
9,544		Unifirst Corp		354,750
		TOTAL PERSONAL SERVICES		2,643,047
PETROLEUM AND COAL PRODUCTS - 0.28%
5,952		Alon USA Energy, Inc		61,603
15,564	*	CVR Energy, Inc		114,084
8,888		Delek US Holdings, Inc		75,370
139,124	*	Gran Tierra Energy, Inc		479,978
4,856	*	Green Plains Renewable Energy, Inc		31,807
27,904	*	Headwaters, Inc		93,757
7,440		Quaker Chemical Corp		98,878
11,145		WD-40 Co		323,205
21,259	*	Western Refining, Inc		150,089
		TOTAL PETROLEUM AND COAL PRODUCTS		1,428,771
PRIMARY METAL INDUSTRIES - 1.02%
31,467		Belden CDT, Inc		525,499
13,643	*	Brush Engineered Materials, Inc		228,520
30,710	*	Century Aluminum Co		191,323
12,281		Encore Wire Corp		262,199
10,688	*	Fushi Copperweld, Inc		88,390
10,461	*	General Steel Holdings, Inc		41,530
18,223		Gibraltar Industries, Inc		125,192
8,125	*	Haynes International, Inc		192,563
23,792	*	Horsehead Holding Corp		177,250
20,571		Matthews International Corp (Class A)		640,171
17,498	*	Metalico, Inc		81,541
25,092		Mueller Industries, Inc		521,914

206

TIAA-CREF FUNDS - Small-Cap Blend Index Fund
SHARES		COMPANY		VALUE
6,240	*	Northwest Pipe Co	$	216,902
6,123		Olympic Steel, Inc		149,830
15,632	*	RTI International Metals, Inc		276,217
5,426	*	Sutor Technology Group Ltd		17,743
15,950		Texas Industries, Inc		500,192
19,959		Tredegar Corp		265,854
4,534	*	Universal Stainless & Alloy		73,768
31,357	*	Uranium Energy Corp		90,935
40,708		Worthington Industries, Inc		520,655
		TOTAL PRIMARY METAL INDUSTRIES		5,188,188
PRINTING AND PUBLISHING - 0.75%
36,928	*	ACCO Brands Corp		104,137
27,007		American Greetings Corp (Class A)		315,442
58,689		Belo (A.H.) Corp (Class A)		105,053
18,131		Bowne & Co, Inc		118,033
18,245	*	China Information Security Technology, Inc		52,181
6,480	*	Consolidated Graphics, Inc		112,882
6,805		Courier Corp		103,844
5,065		CSS Industries, Inc		103,225
20,046	*	Dolan Media Co		256,388
17,504		Ennis, Inc		218,100
16,466		EW Scripps Co (Class A)		34,414
24,131		Harte-Hanks, Inc		223,212
28,910		Journal Communications, Inc (Class A)		30,356
16,198	*	Martha Stewart Living Omnimedia, Inc (Class A)		49,566
6,899		Multi-Color Corp		84,582
16,471	*	Playboy Enterprises, Inc (Class B)		41,342
14,824		Primedia, Inc		29,796
9,483		Schawk, Inc (Class A)		71,217
15,219		Scholastic Corp		301,184
10,732		Standard Register Co		34,986
31,785	*	Valassis Communications, Inc		194,206
28,568	*	VistaPrint Ltd		1,218,425
		TOTAL PRINTING AND PUBLISHING		3,802,571
RAILROAD TRANSPORTATION - 0.12%
22,144	*	Genesee & Wyoming, Inc (Class A)		587,037
		TOTAL RAILROAD TRANSPORTATION		587,037
REAL ESTATE - 0.22%
1,270	*	American Realty Investors, Inc		12,954
15,685	*	China Housing & Land Development, Inc		90,346
3,657		Consolidated-Tomoka Land Co		128,288
17,867		DuPont Fabros Technology, Inc		168,307
24,209	*	Forestar Real Estate Group, Inc		287,602
14,529	*	LoopNet, Inc		112,600
11,659	*	Reading International, Inc		53,048
54,307		Stewart Enterprises, Inc (Class A)		261,760
		TOTAL REAL ESTATE		1,114,905

207

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.80%
17,505		A. Schulman, Inc	$	264,501
3,561	*	AEP Industries, Inc		93,975
39,842		Cooper Tire & Rubber Co		395,233
8,860	*	Deckers Outdoor Corp		622,592
13,088	*	Metabolix, Inc		107,583
22,403	*	Skechers U.S.A., Inc (Class A)		218,877
20,630		Spartech Corp		189,590
23,488		Titan International, Inc		175,455
10,394	*	Trex Co, Inc		138,968
42,321		Tupperware Corp		1,101,192
22,132		West Pharmaceutical Services, Inc		771,300
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		4,079,266
SECURITY AND COMMODITY BROKERS - 1.51%
24,196	*	Broadpoint Securities Group, Inc		135,014
13,195		Calamos Asset Management, Inc (Class A)		186,181
11,632		Cohen & Steers, Inc		173,898
1,565		Diamond Hill Investment Group, Inc		62,882
10,961		Duff & Phelps Corp		194,887
326,332	*	E*Trade Financial Corp		417,705
8,562		Epoch Holding Corp		73,976
7,034		Evercore Partners, Inc (Class A)		138,148
14,540	*	FBR Capital Markets Corp		68,338
18,924	*	FCStone Group, Inc		74,750
13,348		Fifth Street Finance Corp		134,014
4,948		GAMCO Investors, Inc (Class A)		239,978
43,874		GFI Group, Inc		295,711
3,017	*	International Assets Holding Corp		44,863
9,881		JMP Group, Inc		75,985
23,552	*	KBW, Inc		677,355
62,806	*	Knight Capital Group, Inc (Class A)		1,070,841
37,492	*	LaBranche & Co, Inc		161,216
21,462	*	MarketAxess Holdings, Inc		204,533
65,428	*	MF Global Ltd		387,988
6,396		Oppenheimer Holdings, Inc		135,403
28,525		optionsXpress Holdings, Inc		442,993
13,176	*	Penson Worldwide, Inc		117,925
13,306	*	Piper Jaffray Cos		581,072
4,963		Pzena Investment Management, Inc (Class A)		37,620
12,991		Sanders Morris Harris Group, Inc		71,451
18,506	*	Stifel Financial Corp		889,953
16,266		SWS Group, Inc		227,236
67	*,m	Teton Advisors, Inc		0
14,028	*	Thomas Weisel Partners Group, Inc		84,449
8,706		US Global Investors, Inc (Class A)		80,618
883		Value Line, Inc		29,024
3,779		Westwood Holdings Group, Inc		158,000
		TOTAL SECURITY AND COMMODITY BROKERS		7,674,007
SOCIAL SERVICES - 0.08%
15,169	*	Capital Senior Living Corp		69,019
2,755	*	Nobel Learning Communities, Inc		31,600

208

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
7,466	*	Providence Service Corp	$	81,753
17,022	*	Res-Care, Inc		243,414
		TOTAL SOCIAL SERVICES		425,786
SPECIAL TRADE CONTRACTORS - 0.63%
2,355		Alico, Inc		70,697
19,780	*	AsiaInfo Holdings, Inc		340,414
15,265		Chemed Corp		602,662
26,014		Comfort Systems USA, Inc		266,644
26,170	*	Dycom Industries, Inc		289,702
44,335	*	EMCOR Group, Inc		892,020
26,242	*	Insituform Technologies, Inc (Class A)		445,327
5,103	*	Integrated Electrical Services, Inc		39,854
13,146	*	Layne Christensen Co		268,836
		TOTAL SPECIAL TRADE CONTRACTORS		3,216,156
STONE, CLAY, AND GLASS PRODUCTS - 0.23%
18,893		Apogee Enterprises, Inc		232,384
15,825	*	Cabot Microelectronics Corp		447,690
13,036		CARBO Ceramics, Inc		445,831
22,328	*	US Concrete, Inc		44,209
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		1,170,114
TEXTILE MILL PRODUCTS - 0.10%
18,282		Albany International Corp (Class A)		208,049
35,011		Interface, Inc (Class A)		217,068
8,475		Oxford Industries, Inc		98,734
		TOTAL TEXTILE MILL PRODUCTS		523,851
TOBACCO PRODUCTS - 0.18%
16,686		Universal Corp		552,474
24,997		Vector Group Ltd		357,207
		TOTAL TOBACCO PRODUCTS		909,681
TRANSPORTATION BY AIR - 0.90%
7,342	*	Air Methods Corp		200,877
34,278	*	Air Transport Services Group, Inc		79,525
81,007	*	Airtran Holdings, Inc		501,433
24,587	*	Alaska Air Group, Inc		448,959
10,371	*	Allegiant Travel Co		411,106
11,556	*	Atlas Air Worldwide Holdings, Inc		267,984
19,696	*	Bristow Group, Inc		583,592
34,872	*	Hawaiian Holdings, Inc		209,929
155,610	*	JetBlue Airways Corp		664,456
8,978	*	PHI, Inc		153,883
22,455	*	Republic Airways Holdings, Inc		146,631
38,032		Skywest, Inc		387,926
97,242		UAL Corp		310,202
89,098	*	US Airways Group, Inc		216,508
		TOTAL TRANSPORTATION BY AIR		4,583,011

209

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
TRANSPORTATION EQUIPMENT - 1.81%
14,621		A.O. Smith Corp	$	476,206
26,138	*	AAR Corp		419,515
8,983	*	Aerovironment, Inc		277,215
30,185		American Axle & Manufacturing Holdings, Inc		103,836
6,079		American Railcar Industries, Inc		50,213
14,659	*	Amerigon, Inc (Class A)		89,420
50,020		ArvinMeritor, Inc		219,588
13,348	*	ATC Technology Corp		193,546
59,570		Brunswick Corp		257,342
34,395		Clarcor, Inc		1,003,990
17,082	*	Cogo Group, Inc		101,980
64,268	*	Dana Holding Corp		82,263
7,673	*	Dorman Products, Inc		106,118
7,062		Ducommun, Inc		132,695
32,918		Federal Signal Corp		251,823
47,262	*	Force Protection, Inc		417,796
8,055		Freightcar America, Inc		135,405
8,455	*	Fuel Systems Solutions, Inc		170,706
37,077	*	GenCorp, Inc		70,817
5,897	*	GenTek, Inc		131,680
10,954		Greenbrier Cos, Inc		78,759
16,267		Group 1 Automotive, Inc		423,267
15,605		Heico Corp		565,837
17,326		Kaman Corp		289,344
43,792	*	Lear Corp		21,896
5,930	*	LMI Aerospace, Inc		60,012
6,785	*	Miller Industries, Inc		59,708
38,236	*	Orbital Sciences Corp		580,040
21,491		Polaris Industries, Inc		690,291
4,338		Portec Rail Products, Inc		42,729
21,919		Spartan Motors, Inc		248,342
10,583	*	Standard Motor Products, Inc		87,521
15,629		Superior Industries International, Inc		220,369
31,203	*	Tenneco, Inc		330,752
3,887	*	Todd Shipyards Corp		64,719
11,260		Triumph Group, Inc		450,400
19,679		Winnebago Industries, Inc		146,215
9,938	*	Wonder Auto Technology, Inc		100,672
		TOTAL TRANSPORTATION EQUIPMENT		9,153,027
TRANSPORTATION SERVICES - 0.23%
12,470		Ambassadors Group, Inc		171,712
6,574	*	Dynamex, Inc		101,174
24,882	*	Hub Group, Inc (Class A)		513,565
26,714	*	Interval Leisure Group, Inc		248,974
25,018	*	Orbitz Worldwide, Inc		47,534
23,019		Pacer International, Inc		51,332
4,789	*	Universal Travel Group		53,589
		TOTAL TRANSPORTATION SERVICES		1,187,880

210

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
TRUCKING AND WAREHOUSING - 0.65%
17,095		Arkansas Best Corp	$	450,453
14,955	*	Celadon Group, Inc		125,472
19,548		Forward Air Corp		416,763
34,295		Heartland Express, Inc		504,823
10,384	*	Marten Transport Ltd		215,572
18,206	*	Old Dominion Freight Line		611,176
1,003	*	Patriot Transportation Holding, Inc		73,149
9,119	*	Saia, Inc		164,233
4,016		Universal Truckload Services, Inc		62,850
5,268	*	USA Truck, Inc		71,276
28,769		Werner Enterprises, Inc		521,295
38,943	*	YRC Worldwide, Inc		67,371
		TOTAL TRUCKING AND WAREHOUSING		3,284,433
WATER TRANSPORTATION - 0.77%
6,103	*	American Commercial Lines, Inc		94,474
33,566		DHT Maritime, Inc		174,879
31,779		Eagle Bulk Shipping, Inc		149,044
17,389		Genco Shipping & Trading Ltd		377,689
32,935		General Maritime Corp		325,727
23,058		Golar LNG Ltd		197,146
15,373	*	Gulfmark Offshore, Inc		424,295
19,869		Horizon Lines, Inc (Class A)		76,694
15,496	*	Hornbeck Offshore Services, Inc		331,459
3,745		International Shipholding Corp		100,965
11,563		Knightsbridge Tankers Ltd		157,719
28,522		Nordic American Tanker Shipping		907,571
35,927	*	Odyssey Marine Exploration, Inc		57,483
29,392		Ship Finance International Ltd		324,194
9,040	*	TBS International Ltd (Class A)		70,602
8,497		Teekay Tankers Ltd (Class A)		78,937
15,471	*	Ultrapetrol Bahamas Ltd		68,537
		TOTAL WATER TRANSPORTATION		3,917,415
WHOLESALE TRADE-DURABLE GOODS - 1.91%
10,306		Agilysys, Inc		48,232
27,633		Applied Industrial Technologies, Inc		544,370
31,359		Barnes Group, Inc		372,859
30,461	*	Beacon Roofing Supply, Inc		440,466
7,904	*	Bluelinx Holdings, Inc		23,712
8,207	*	Cardtronics, Inc		31,269
11,229		Castle (A.M.) & Co		135,646
8,990	*	Chindex International, Inc		111,206
4,130		Communications Systems, Inc		40,474
20,637	*	Conceptus, Inc		348,765
13,438	*	DemandTec, Inc		118,254
16,814	*	Digi International, Inc		163,937
12,864	*	Drew Industries, Inc		156,555
4,040		Eastern Co		66,660
17,162	*	Hansen Medical, Inc		84,780
11,908		Houston Wire & Cable Co		141,824
30,968	*	Insight Enterprises, Inc		299,151

211

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
21,948	*	Interline Brands, Inc	$	300,249
38,622		Knight Transportation, Inc		639,194
2,812		Lawson Products, Inc		39,959
26,639	*	MedAssets, Inc		518,129
17,477	*	Merge Healthcare, Inc		75,151
7,274	*	MWI Veterinary Supply, Inc		253,572
28,140		Owens & Minor, Inc		1,233,094
32,899		PEP Boys - Manny Moe & Jack		333,596
31,239		Pool Corp		517,318
40,462	*	PSS World Medical, Inc		748,952
46,715	*	Solera Holdings, Inc		1,186,560
5,825	*	Sport Supply Group, Inc		50,037
7,646	*	Titan Machinery, Inc		97,028
31,163	*	TomoTherapy, Inc		85,698
23,065	*	Tyler Technologies, Inc		360,275
9,685	*	West Marine, Inc		53,364
2,921	*	Willis Lease Finance Corp		38,324
		TOTAL WHOLESALE TRADE-DURABLE GOODS		9,658,660
WHOLESALE TRADE-NONDURABLE GOODS - 1.59%
16,862		Aceto Corp		112,470
37,862	*	Akorn, Inc		45,434
58,538	*	Alliance One International, Inc		222,444
12,301		Andersons, Inc		368,292
44,722	*	Bare Escentuals, Inc		396,684
25,966	*	BioScrip, Inc		153,719
21,851	*	BMP Sunstone Corp		103,574
7,664	*	Clearwater Paper Corp		193,823
6,556	*	Core-Mark Holding Co, Inc		170,849
27,687	*	Fresh Del Monte Produce, Inc		450,191
26,452	*	Hain Celestial Group, Inc		412,916
5,127		Kenneth Cole Productions, Inc (Class A)		36,043
17,681		K-Swiss, Inc (Class A)		150,289
11,667	*	LSB Industries, Inc		188,655
35,211		Men's Wearhouse, Inc		675,347
21,276		Myers Industries, Inc		177,016
8,656		Nash Finch Co		234,231
33,398		Nu Skin Enterprises, Inc (Class A)		510,989
6,602	*	Perry Ellis International, Inc		48,063
7,589	*	Schiff Nutrition International, Inc		38,628
12,692	*	School Specialty, Inc		256,505
15,007		Spartan Stores, Inc		186,237
12,141	*	Synutra International, Inc		133,551
24,254	*	Tractor Supply Co		1,002,175
29,008	*	United Natural Foods, Inc		761,460
16,027	*	United Stationers, Inc		559,022
12,730	*	Volcom, Inc		159,125
14,562		Zep, Inc		175,472
13,292	*	Zhongpin, Inc		137,705
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		8,060,909
		TOTAL COMMON STOCKS		506,343,824
		(Cost $653,297,430)

212

TIAA-CREF FUNDS- Small-Cap Blend Index Fund

SHARES		COMPANY		VALUE
RIGHTS / WARRANTS - 0.00%
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 0.00%
4	m	GreenHunter Energy, Inc	$	0
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		0
		TOTAL RIGHTS / WARRANTS		0
		(Cost $0)
		TOTAL INVESTMENTS - 99.90%		506,343,824
		(Cost $653,297,430)
		OTHER ASSETS AND LIABILITIES, NET - 0.10%		514,077
		NET ASSETS - 100.00%	$	506,857,901
	*	Non-income producing.
	b	In bankruptcy.
	m	Indicates a security that has been deemed illiquid.

213

TIAA-CREF FUNDS - International Equity Index Fund
TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.35%
ADMINISTRATION OF ECONOMIC PROGRAMS - 0.02%
4,385		Bureau Veritas S.A.	$	215,272
		TOTAL ADMINISTRATION OF ECONOMIC PROGRAMS		215,272
AMUSEMENT AND RECREATION SERVICES - 0.58%
41,254		Aristocrat Leisure Ltd		125,989
71,563		Ladbrokes plc		216,633
6,232		Lottomatica S.p.A.		120,035
10,800		Nintendo Co Ltd		2,985,458
23,216		OPAP S.A.		618,802
5,500		Oriental Land Co Ltd		368,817
19,300		Sega Sammy Holdings, Inc		245,019
52,498		Sky City Entertainment Group Ltd		90,776
58,154		TABCORP Holdings Ltd		335,521
119,163		Tattersall's Ltd		244,855
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,351,905
APPAREL AND ACCESSORY STORES - 0.52%
45,244		Burberry Group plc		314,862
5,200		Fast Retailing Co Ltd		680,127
54,876		Hennes & Mauritz AB (B Shares)		2,738,589
22,355		Inditex S.A.		1,071,595
		TOTAL APPAREL AND ACCESSORY STORES		4,805,173
APPAREL AND OTHER TEXTILE PRODUCTS - 0.12%
5,670		Hermes International		787,461
14,000		Onward Kashiyama Co Ltd		90,393
2,300		Shimamura Co Ltd		183,360
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		1,061,214
AUTO REPAIR, SERVICES AND PARKING - 0.41%
200,792		Standard Chartered plc		3,765,909
		TOTAL AUTO REPAIR, SERVICES AND PARKING		3,765,909
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.08%
254,481		Kingfisher plc		744,399
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		744,399
BUSINESS SERVICES - 2.10%
12,808		Adecco S.A.		533,514
7,299		Atos Origin S.A.		247,333
24,050	*	Autonomy Corp plc		568,579
49,293		Computershare Ltd		358,277
6,840		Dassault Systemes S.A.		301,874

214

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
31		Dena Co Ltd	$	103,939
20,300		Dentsu, Inc		427,768
106,570		Experian Group Ltd		796,432
194,000		Fujitsu Ltd		1,059,262
12,537		Gestevision Telecinco S.A.		116,957
144,187		Group 4 Securicor plc		494,596
2,880		Hakuhodo DY Holdings, Inc		155,458
11,662		Indra Sistemas S.A.		252,353
7,740		JC Decaux S.A.		122,859
20,500		JSR Corp		351,757
10,600		Konami Corp		203,671
5,760		Mitsubishi UFJ Lease & Finance Co Ltd		188,343
215,000		NEC Corp		845,850
11,800		Nomura Research Institute Ltd		262,739
132		NTT Data Corp		427,508
920		Obic Co Ltd		149,649
4,000		Oracle Corp Japan		146,987
1,700		Otsuka Corp		90,881
13,174		Publicis Groupe S.A.		401,595
762		Rakuten, Inc		459,565
10,322		Randstad Holdings NV		285,477
150,004		Sage Group plc		439,527
90,643		SAP AG.		3,645,634
23,300		Secom Co Ltd		948,108
32,729		Securitas AB (B Shares)		277,880
488		SGS S.A.		604,526
2,379		Societe Des Autoroutes Paris-Rhin-Rhone		161,729
82,600		Softbank Corp		1,613,673
6,700		Square Enix Co Ltd		157,528
11,500		Trend Micro, Inc		368,869
13,250		United Internet AG.		155,022
2,340		USS Co Ltd		120,722
138,847		WPP plc		921,148
1,516		Yahoo! Japan Corp		483,905
		TOTAL BUSINESS SERVICES		19,251,494
CHEMICALS AND ALLIED PRODUCTS - 9.86%
10,674	*	Actelion Ltd		558,480
26,977		Air Liquide		2,464,066
124,000		Asahi Kasei Corp		632,003
49,700		Astellas Pharma, Inc		1,764,405
154,689		AstraZeneca plc		6,796,270
99,999		BASF AG.		3,974,232
9,197		Beiersdorf AG.		432,346
6,953		Christian Dior S.A.		518,621
25,658		Chugai Pharmaceutical Co Ltd		490,068
62,570		CSL Ltd		1,620,967
35,000		Daicel Chemical Industries Ltd		212,540
74,000		Daiichi Sankyo Co Ltd		1,327,368
76,000		Dainippon Ink and Chemicals, Inc		119,126
16,300		Dainippon Sumitomo Pharma Co Ltd		142,806
15,774		DSM NV		494,130

215

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
26,200		Eisai Co Ltd	$	935,569
49,581	*	Elan Corp plc		338,731
800	*	Elan Corp plc (ADR)		5,096
553		Eramet		144,411
616		Givaudan S.A.		377,293
560,230		GlaxoSmithKline plc		9,848,260
13,101		Grifols S.A.		231,388
5,067		H Lundbeck A/s		96,406
14,992		Henkel KGaA		404,015
20,052		Henkel KGaA (Preference)		625,328
7,600		Hisamitsu Pharmaceutical Co, Inc		236,674
166,508		Incitec Pivot Ltd		319,330
2,669		Ipsen		116,557
23,000		Kansai Paint Co Ltd		165,454
58,000		Kao Corp		1,267,348
36,000		Kuraray Co Ltd		400,602
27,000		Kyowa Hakko Kogyo Co Ltd		305,777
16,646		Linde AG.		1,364,447
4,992		Lonza Group AG.		495,731
25,783		L'Oreal S.A.		1,926,939
15,400		Mediceo Paltac Holdings Co Ltd		176,644
6,723		Merck KGaA		683,773
136,000		Mitsubishi Chemical Holdings Corp		577,402
41,000		Mitsubishi Gas Chemical Co, Inc		224,716
15,000		Nissan Chemical Industries Ltd		169,253
228,403		Novartis AG.		9,257,622
48,578		Novo Nordisk AS (Class B)		2,626,357
4,813		Novozymes AS (B Shares)		390,774
16,325		Nufarm Ltd		120,760
10,100		Ono Pharmaceutical Co Ltd		447,677
9,414		Orion Oyj (Class B)		147,516
65,116		Reckitt Benckiser Group plc		2,963,183
74,880		Roche Holding AG.		10,178,802
111,950		Sanofi-Aventis		6,575,640
7,700		Santen Pharmaceutical Co Ltd		234,593
43,900		Shin-Etsu Chemical Co Ltd		2,041,543
31,000		Shionogi & Co Ltd		600,789
58,222		Shire Ltd		800,299
39,000		Shiseido Co Ltd		640,453
124,000		Showa Denko KK		222,681
6,171		Solvay S.A.		520,544
164,000		Sumitomo Chemical Co Ltd		740,541
10,069		Syngenta AG.		2,337,587
13,000		Taisho Pharmaceutical Co Ltd		246,546
30,000		Taiyo Nippon Sanso Corp		287,746
81,500		Takeda Pharmaceutical Co Ltd		3,180,983
24,000		Tanabe Seiyaku Co Ltd		276,535
27,000		Tokuyama Corp		198,713
139,000		Toray Industries, Inc		709,898
54,000		Tosoh Corp		153,589
6,300		Tsumura & Co		196,844
120,000		UBE Industries Ltd		336,326

216

TIAA-CREF FUNDS- International Equity Index Fund

SHARES	COMPANY		VALUE
10,536	UCB S.A.	$	337,141
1,644	Wacker Chemie AG.		188,746
20,185	Yara International ASA		565,041
	TOTAL CHEMICALS AND ALLIED PRODUCTS		90,510,041
COMMUNICATIONS - 6.27%
17,167	Belgacom S.A.		547,520
126,429	British Sky Broadcasting plc		946,404
845,815	BT Group plc		1,412,407
274,797	Cable & Wireless plc		601,740
43,676	Carphone Warehouse Group plc		113,532
295,339	Deutsche Telekom AG.		3,480,255
14,824	Elisa Oyj (Series A)		243,935
11,715	Eutelsat Communications		302,146
192,801	France Telecom S.A.		4,370,807
57	Fuji Television Network, Inc		86,090
28,089	Hellenic Telecommunications Organization S.A.		429,510
2,400	Hikari Tsushin, Inc		54,186
1,984	Iliad Sa		192,434
255	Jupiter Telecommunications Co		193,761
319	KDDI Corp		1,695,417
6,595	M6-Metropole Television		124,714
79,979	Mediaset S.p.A.		447,952
3,199	Mobistar S.A.		197,100
56,600	Nippon Telegraph & Telephone Corp		2,303,130
1,668	NTT DoCoMo, Inc		2,444,819
301,000	PCCW Ltd		78,454
61,757	Portugal Telecom SGPS S.A.		603,938
181,038	Royal KPN NV		2,488,642
29,460	SES Global S.A.		561,647
837,403	Singapore Telecommunications Ltd		1,734,472
12,410	Societe Television Francaise 1		139,153
45,000	StarHub Ltd		66,487
2,672	Swisscom AG.		820,130
31,852	Tele2 AB (B Shares)		321,631
209,760	Telecom Corp of New Zealand Ltd		369,470
602,329	Telecom Italia RSP		591,061
1,053,055	Telecom Italia S.p.A.		1,455,118
448,423	Telefonica S.A.		10,140,607
36,453	Telekom Austria AG.		569,678
93,454	Telenor ASA		718,692
29,000	Television Broadcasts Ltd		116,561
241,060	TeliaSonera AB		1,265,505
484,658	Telstra Corp Ltd		1,323,922
3,300	Tokyo Broadcasting System, Inc		51,931
127,022	Vivendi Universal S.A.		3,035,513
5,664,320	Vodafone Group plc		10,921,795
	TOTAL COMMUNICATIONS		57,562,266
DEPOSITORY INSTITUTIONS - 13.98%
36,000	77 Bank Ltd		210,017
39,573	Alpha Bank S.A.		433,017

217

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
67,097	m	Anglo Irish Bank Corp plc	$	20,426
64,000		Aozora Bank Ltd		98,988
249,473		Australia & New Zealand Banking Group Ltd		3,314,907
75,946		Banca Carige S.p.A.		208,287
834,051		Banca Intesa S.p.A.		2,685,260
92,838		Banca Intesa S.p.A. RSP		228,697
257,602		Banca Monte dei Paschi di Siena S.p.A.		415,945
43,376		Banca Popolare di Milano		258,308
63,883		Banche Popolari Unite ScpA		830,761
384,762		Banco Bilbao Vizcaya Argentaria S.A.		4,825,482
229,150		Banco Comercial Portugues S.A.		232,739
94,216		Banco de Sabadell S.A.		588,160
22,331		Banco de Valencia S.A.		216,470
80,885		Banco Espirito Santo S.A.		435,723
63,466		Banco Popolare Scarl		473,657
77,187		Banco Popular Espanol S.A.		672,429
880,602		Banco Santander Central Hispano S.A.		10,574,610
163,047		Bank of East Asia Ltd		497,553
32,000		Bank of Kyoto Ltd		297,296
128,000		Bank of Yokohama Ltd		686,936
31,204		Bankinter S.A.		368,581
1,029,307		Barclays plc		4,792,366
29,848		Bendigo Bank Ltd		167,158
88,970		BNP Paribas		5,772,532
407,500		BOC Hong Kong Holdings Ltd		714,041
81,000		Chiba Bank Ltd		530,555
18,000		Chugoku Bank Ltd		250,189
73,799		Commerzbank AG.		458,633
159,332		Commonwealth Bank of Australia		5,007,198
90,141		Credit Agricole S.A.		1,122,408
47,281		Danske Bank AS		814,967
181,500		DBS Group Holdings Ltd		1,478,666
60,563		Deutsche Bank AG.		3,669,880
9,178		Deutsche Postbank AG.		233,173
57,415		Dexia		435,263
76,263		DNB NOR Holding ASA		581,151
33,098		EFG Eurobank Ergasias S.A.		348,236
19,821		Erste Bank der Oesterreichischen Sparkassen AG.		534,707
242,286	*	Fortis		825,934
83,000		Fukuoka Financial Group, Inc		372,201
41,000		Gunma Bank Ltd		228,546
47,000		Hachijuni Bank Ltd		266,383
79,500		Hang Seng Bank Ltd		1,118,122
52,000		Hiroshima Bank Ltd		216,993
129,000		Hokuhoku Financial Group, Inc		324,057
1,851,156		HSBC Holdings plc		15,303,742
210,632		ING Groep NV		2,119,218
42,315		Investec plc		227,472
26,000		Iyo Bank Ltd		265,843
76,000		Joyo Bank Ltd		388,146
22,739		Julius Baer Holding AG.		882,731
1,693,593		Lloyds TSB Group plc		1,948,459

218

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
51,191		Mediobanca S.p.A.	$	609,335
1,002,480		Mitsubishi UFJ Financial Group, Inc		6,222,900
103,000		Mitsui Trust Holdings, Inc		394,530
1,021,300		Mizuho Financial Group, Inc		2,395,950
173,000		Mizuho Trust & Banking Co Ltd		224,477
207,816		National Australia Bank Ltd		3,757,760
53,634		National Bank of Greece S.A.		1,489,760
106,493		Natixis		206,014
75,000		Nishi-Nippon City Bank Ltd		189,962
350,524		Nordea Bank AB		2,776,149
24,230		OKO Bank (Class A)		193,749
266,520		Oversea-Chinese Banking Corp		1,229,186
33,390		Piraeus Bank S.A.		332,572
5,676		Raiffeisen International Bank Holding AG.		197,074
54,100		Resona Holdings, Inc		761,505
1,842,375		Royal Bank of Scotland Group plc		1,171,207
31,800	*	Sapporo Hokuyo Holdings, Inc		91,437
70		Seven Bank Ltd		183,765
162,000		Shinsei Bank Ltd		260,653
63,000		Shizuoka Bank Ltd		625,847
160,256		Skandinaviska Enskilda Banken AB (Class A)		704,203
50,461		Societe Generale		2,752,637
96,900		Sumitomo Mitsui Financial Group, Inc		3,953,049
153,000		Sumitomo Trust & Banking Co Ltd		825,868
135,537		Suncorp-Metway Ltd		731,745
24,000		Suruga Bank Ltd		229,948
53,886		Svenska Handelsbanken (A Shares)		1,018,048
35,522		Swedbank AB (A Shares)		206,741
317,478	*	UBS A.G. (Switzerland)		3,883,192
1,539,652		UniCredito Italiano S.p.A		3,877,020
127,000		United Overseas Bank Ltd		1,287,186
315,096		Westpac Banking Corp		5,141,562
18,500		Wing Hang Bank Ltd		162,083
22,000		Yamaguchi Financial Group, Inc		290,715
		TOTAL DEPOSITORY INSTITUTIONS		128,351,048
EATING AND DRINKING PLACES - 0.22%
10,849		Autogrill S.p.A.		91,393
191,792		Compass Group plc		1,078,344
6,400		McDonald's Holdings Co Japan Ltd		118,852
9,819		Sodexho Alliance S.A.		504,012
19,815		Whitbread plc		266,176
		TOTAL EATING AND DRINKING PLACES		2,058,777
EDUCATIONAL SERVICES - 0.03%
7,500		Benesse Corp		300,514
		TOTAL EDUCATIONAL SERVICES		300,514
ELECTRIC, GAS, AND SANITARY SERVICES - 6.13%
131,273		A2A S.p.A.		239,219
10,118		ACEA S.p.A.		123,346
50,508		AGL Energy Ltd		547,406

219

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
1,796		Bkw Fmb Energie AG	$	132,235
525,125		Centrica plc		1,926,576
68,300		Chubu Electric Power Co, Inc		1,581,035
31,300		Chugoku Electric Power Co, Inc		654,689
207,000		CLP Holdings Ltd		1,372,869
31,179		Contact Energy Ltd		117,683
37,481		Drax Group plc		270,704
205,421		E.ON AG.		7,267,765
22,136	*	EDP Renovaveis S.A.		226,690
13,400		Electric Power Development Co		381,128
25,151		Electricite de France		1,223,440
18,292		Enagas		359,638
682,711		Enel S.p.A.		3,323,360
184,091		Energias de Portugal S.A.		721,298
48,743		Fortum Oyj		1,109,109
25,619		Gas Natural SDG S.A.		466,137
130,589		Gaz de France		4,862,039
21,200		Hokkaido Electric Power Co, Inc		397,658
21,400		Hokuriku Electric Power Co		489,822
407,110		Hong Kong & China Gas Ltd		856,239
142,500		Hong Kong Electric Holdings Ltd		792,479
96,524	*	Iberdrola Renovables		440,755
369,808		Iberdrola S.A.		2,998,576
159,343		International Power plc		623,919
83,500		Kansai Electric Power Co, Inc		1,846,214
39,400		Kyushu Electric Power Co, Inc		848,653
264,267		National Grid plc		2,380,376
8,804		Oest Elektrizitatswirts AG. (Class A)		448,083
202,000		Osaka Gas Co Ltd		645,830
12,684		Public Power Corp		261,568
11,048		Red Electrica de Espana		499,212
44,513		RWE A.G.		3,502,541
4,246		RWE A.G. (Preference)		282,934
100,523		Scottish & Southern Energy plc		1,883,683
26,872		Severn Trent plc		483,655
20,600		Shikoku Electric Power Co, Inc		615,851
163,303		Snam Rete Gas S.p.A.		716,477
193,370		SP AusNet		119,979
28,063		Suez Environnement S.A.		489,937
147,509		Terna Rete Elettrica Nazionale S.p.A.		491,466
55,000		Toho Gas Co Ltd		223,802
44,400		Tohoku Electric Power Co, Inc		928,697
130,000		Tokyo Electric Power Co, Inc		3,346,655
245,000		Tokyo Gas Co Ltd		877,407
76,442		United Utilities Group plc		625,039
41,271		Veolia Environnement		1,215,258
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		56,239,131
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 4.19%
237,819		ABB Ltd		3,738,391
260,007	*	Alcatel S.A.		652,174
13,100	*	Elpida Memory, Inc		142,103

220

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
317,745		Ericsson (LM) (B Shares)	$	3,117,873
245,000	*	Foxconn International Holdings Ltd		160,593
59,000		Fuji Electric Holdings Co Ltd		97,991
19,225		Gamesa Corp Tecnologica S.A.		364,362
37,000		GS Yuasa Corp		325,697
3,500		Hirose Electric Co Ltd		374,215
11,000		Hitachi Chemical Co Ltd		177,786
7,300		Hitachi High-Technologies Corp		124,805
368,000		Hitachi Ltd		1,149,821
43,000		Hoya Corp		864,151
14,100	*	Ibiden Co Ltd		397,379
105,848		Koninklijke Philips Electronics NV		1,948,915
16,900		Kyocera Corp		1,275,372
12,012		Legrand S.A.		261,781
3,100		Mabuchi Motor Co Ltd		149,956
211,700		Matsushita Electric Industrial Co Ltd		2,861,197
39,000		Matsushita Electric Works Ltd		370,021
8,053		Millicom International Cellular S.A.		453,556
38,000		Minebea Co Ltd		162,122
201,000		Mitsubishi Electric Corp		1,274,833
8,500		Mitsumi Electric Co Ltd		182,203
22,200		Murata Manufacturing Co Ltd		944,828
18,000		NGK Spark Plug Co Ltd		172,087
11,300		Nidec Corp		686,199
16,400		Nitto Denko Corp		500,503
410,926		Nokia Oyj		6,018,317
23,700		Omron Corp		343,193
24,858	*	Renewable Energy Corp AS		192,906
74,000		Ricoh Co Ltd		956,350
3,800		Rinnai Corp		168,433
10,500		Rohm Co Ltd		766,232
178,000	*	Sanyo Electric Co Ltd		461,930
104,000		Sharp Corp		1,082,805
7,700		Shinko Electric Industries		95,596
44,182		Smiths Group plc		509,908
108,500		Sony Corp		2,843,852
15,500		Stanley Electric Co Ltd		315,036
71,104		STMicroelectronics NV		531,957
13,500		Sumco Corp		192,687
12,600		TDK Corp		593,803
6,700	*	Toyota Boshoku Corp		100,220
13,900		Ushio, Inc		222,492
28,000		Yaskawa Electric Corp		186,599
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		38,513,230
ENGINEERING AND MANAGEMENT SERVICES - 0.34%
7,800		Aeon Mall Co Ltd		148,818
14,418		Cap Gemini S.A.		530,738
66,075		Capita Group plc		776,709
7,622		Fugro NV		315,643
23,000		JGC Corp		372,450
118,460		SembCorp Industries Ltd		246,996

221

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
52,672		Serco Group plc	$	365,688
17,765		WorleyParsons Ltd		340,841
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		3,097,883
FABRICATED METAL PRODUCTS - 0.30%
87,202		Amcor Ltd		350,634
4,147	*	Geberit AG.		509,906
17,000		Hitachi Metals Ltd		144,880
26,800		JS Group Corp		414,512
73,162		Rexam plc		342,442
3,806		Salzgitter AG.		333,276
18,954		Ssab Svenskt Stal AB (Series A)		220,505
8,867		Ssab Svenskt Stal AB (Series B)		95,398
17,000		Toyo Seikan Kaisha Ltd		360,876
		TOTAL FABRICATED METAL PRODUCTS		2,772,429
FOOD AND KINDRED PRODUCTS - 4.70%
69,000		Ajinomoto Co, Inc		547,215
8,260	*	Aryzta AG.		265,311
39,000		Asahi Breweries Ltd		561,509
40,640		Associated British Foods plc		509,814
147,929		Cadbury plc		1,260,671
11,453		Carlsberg AS (Class B)		734,630
20,962		Coca Cola Hellenic Bottling Co S.A.		432,276
57,060		Coca-Cola Amatil Ltd		395,879
5,900		Coca-Cola West Japan Co Ltd		112,996
159,350		CSR Ltd		218,287
266,477		Diageo plc		3,820,725
596,280		Golden Agri-Resources Ltd		156,439
55,968		Groupe Danone		2,762,146
26,959		Heineken NV		999,945
78,428		InBev NV		2,831,984
6,100		Ito En Ltd		86,813
31,000		Kaneka Corp		221,072
16,115		Kerry Group plc (Class A)		367,588
90,000		Kirin Brewery Co Ltd		1,261,224
88		Lindt & Spruengli AG.		164,410
12		Lindt & Spruengli AG. (Reg)		265,059
30,721		Lion Nathan Ltd		286,415
7,200	*	MEIJI Holdings Co Ltd		289,988
392,200		Nestle S.A.		14,770,443
19,000		Nippon Meat Packers, Inc		240,421
18,500		Nisshin Seifun Group, Inc		220,844
8,700		Nissin Food Products Co Ltd		263,705
126,700		Olam International Ltd		212,566
174,043		Parmalat S.p.A.		419,704
21,156		Pernod-Ricard S.A.		1,331,682
95,092		SABMiller plc		1,932,100
30,000		Sapporo Holdings Ltd		172,523
6,988		Suedzucker AG.		141,851
82,000		Swire Pacific Ltd (Class A)		827,401
9,000		Toyo Suisan Kaisha Ltd		185,633

222

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
139,242		Unilever plc	$	3,262,113
91,000		Wilmar International Ltd		315,396
10,100		Yakult Honsha Co Ltd		193,120
13,000		Yamazaki Baking Co Ltd		146,821
		TOTAL FOOD AND KINDRED PRODUCTS		43,188,719
FOOD STORES - 1.93%
68,312		Carrefour S.A.		2,915,192
1,623		Colruyt S.A.		370,212
10,427		Delhaize Group		733,350
6,200		FamilyMart Co Ltd		195,007
140,070		Goodman Fielder Ltd		147,293
109,202		J Sainsbury plc		562,333
22,515		Jeronimo Martins SGPS S.A.		153,441
7,577		Kesko Oyj (B Shares)		200,470
123,729		Koninklijke Ahold NV		1,420,522
7,300		Lawson, Inc		321,295
84,600		Seven & I Holdings Co Ltd		1,993,481
851,466		Tesco plc		4,953,341
245,908		WM Morrison Supermarkets plc		956,803
133,257		Woolworths Ltd		2,830,496
		TOTAL FOOD STORES		17,753,236
FURNITURE AND HOME FURNISHINGS STORES - 0.11%
56,109		Harvey Norman Holdings Ltd		149,202
4,200		Nitori Co Ltd		298,209
9,050		Yamada Denki Co Ltd		528,899
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		976,310
GENERAL BUILDING CONTRACTORS - 0.92%
15,428		ACS Actividades Cons y Servicios S.A.		780,235
34,691		AMEC plc		372,691
49,992		Balfour Beatty plc		254,143
9,071		Berkeley Group Holdings plc		119,986
47,000		Cheung Kong Infrastructure Holdings Ltd		164,954
8,100		Daito Trust Construction Co Ltd		383,412
53,000		Daiwa House Industry Co Ltd		572,169
4,617		Eiffage S.A.		268,794
60,928		Fletcher Building Ltd		258,665
4,400		Hochtief AG.		221,594
90,000		Kajima Corp		281,206
51,112		Lend Lease Corp Ltd		288,714
15,600	*	Leopalace21 Corp		139,588
69,000		Obayashi Corp		338,787
11,298		Sacyr Vallehermoso S.A.		156,592
45,000		Sekisui Chemical Co Ltd		283,075
50,000		Sekisui House Ltd		508,642
65,000		Shimizu Corp		283,386
39,209		Skanska AB (B Shares)		438,358
100,000		Taisei Corp		241,864
46,033		Vinci S.A.		2,065,506
		TOTAL GENERAL BUILDING CONTRACTORS		8,422,361

223

TIAA-CREF FUNDS - International Equity Index Fund
SHARES		COMPANY		VALUE
GENERAL MERCHANDISE STORES - 0.74%
66,700		Aeon Co Ltd	$	661,219
34,480		Isetan Mitsukoshi Holdings Ltd		352,191
53,400		J Front Retailing Co Ltd		255,540
66,000		Keio Corp		384,346
169,000		Kintetsu Corp		745,575
84,000		Lifestyle International Holdings Ltd		116,624
162,268		Marks & Spencer Group plc		816,909
26,800		Marui Co Ltd		189,173
20,522		Next plc		495,975
65,000		Odakyu Electric Railway Co Ltd		557,326
7,550		PPR		615,949
31,000		Takashimaya Co Ltd		244,885
93,000		Tobu Railway Co Ltd		547,371
128,000		Tokyu Corp		647,075
19,000		UNY Co Ltd		162,713
		TOTAL GENERAL MERCHANDISE STORES		6,792,871
HEALTH SERVICES - 0.18%
1,309		BioMerieux		114,697
102,000		Fraser and Neave Ltd		273,239
19,813		Fresenius Medical Care AG.		886,372
42,083		Sonic Healthcare Ltd		417,777
		TOTAL HEALTH SERVICES		1,692,085
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.39%
33,114		Abertis Infraestructuras S.A.		622,715
3,206		Acciona S.A.		393,984
5,467		Boskalis Westminster		123,937
23,591		Bouygues S.A.		886,935
5,062		Fomento de Construcciones y Contratas S.A.		207,427
7,090		Grupo Ferrovial S.A.		227,470
27,883		Saipem S.p.A.		678,265
126,049		Transurban Group		424,564
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		3,565,297
HOLDING AND OTHER INVESTMENT OFFICES - 3.83%
100,937		3i Group plc		401,869
137,960		Ascendas Real Estate Investment Trust		151,447
184,739		CFS Gandel Retail Trust		245,623
528,581		DB RREEF Trust		319,448
2,635		Eurazeo		109,417
2,791		Fonciere Des Regions		209,804
950,030		GPT Group		375,112
8,393		Groupe Bruxelles Lambert S.A.		613,431
11,524		Heineken Holding NV		366,008
589,595	d	iShares MSCI EAFE Index Fund		27,009,348
3,600		Jafco Co Ltd		121,451
57		Japan Prime Realty Investment Corp		123,662
43		Japan Real Estate Investment Corp		357,534
40	*	Japan Retail Fund Investment Corp		185,187

224

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
233,900		Macquarie Infrastructure Group	$	269,522
66,863		Marfin Investment Group S.A		287,024
4,118		Nationale A Portefeuille		198,726
57		Nippon Building Fund, Inc		488,732
32		Nomura Real Estate Office Fund, Inc		203,955
96,000		NWS Holdings Ltd		173,666
1,757		SBI Holdings, Inc		359,115
217,214		Westfield Group		1,991,853
146,875		Wharf Holdings Ltd		622,556
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		35,184,490
HOTELS AND OTHER LODGING PLACES - 0.21%
15,445		Accor S.A.		612,201
55,263		Crown Ltd		323,740
30,161		Intercontinental Hotels Group plc		309,138
124,947		Shangri-La Asia Ltd		185,404
45,193		Thomas Cook Group plc		152,792
58,552		TUI Travel plc		223,244
60,000		United Overseas Land Ltd		136,703
		TOTAL HOTELS AND OTHER LODGING PLACES		1,943,222
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.21%
38,084		Alfa Laval AB		363,332
21,526		Alstom RGPT		1,269,966
40,000		Amada Co Ltd		248,715
20,100		ASM Pacific Technology		103,352
46,260		ASML Holding NV		1,000,044
72,349		Atlas Copco AB (A Shares)		724,461
42,663		Atlas Copco AB (B Shares)		385,726
144,032		Brambles Ltd		691,723
24,700		Brother Industries Ltd		219,476
115,700		Canon, Inc		3,795,216
23,600		Casio Computer Co Ltd		211,416
34,000		Citizen Watch Co Ltd		174,703
27,200		Daikin Industries Ltd		878,102
26,578		Electrolux AB (Series B)		371,213
20,800		Fanuc Ltd		1,675,487
53,600		FUJIFILM Holdings Corp		1,702,560
16,072		GEA Group AG.		243,278
11,000		Hitachi Construction Machinery Co Ltd		179,841
41,446		Husqvarna AB (B Shares)		225,640
138,000	*	Ishikawajima-Harima Heavy Industries Co Ltd		239,228
3,200		Itochu Techno-Science Corp		95,334
37,000		Japan Steel Works Ltd		457,819
99,600		Komatsu Ltd		1,542,567
16,277		Kone Oyj (Class B)		498,470
49,000		Konica Minolta Holdings, Inc		512,711
113,000		Kubota Corp		934,873
11,800		Kurita Water Industries Ltd		382,166
18,043	*	Logitech International S.A.		249,917
12,300		Makita Corp		298,132
333,000		Mitsubishi Heavy Industries Ltd		1,382,675

225

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
45,000	*	NTN Corp	$	180,775
104,442		Sandvik AB		775,058
5,323		Schindler Holding AG.		330,437
1,848		Schindler Holding AG. (Reg)		114,549
13,400		Seiko Epson Corp		219,079
42,222		SKF AB (B Shares)		519,932
6,100		SMC Corp		657,902
9,449		Solarworld AG.		222,295
58,000	*	Sumitomo Heavy Industries Ltd		259,490
19,100		Tokyo Electron Ltd		925,904
419,000		Toshiba Corp		1,522,292
24,700	*	Toyota Tsusho Corp		367,673
21,680	*	Vestas Wind Systems AS		1,553,983
9,042		Wartsila Oyj (B Shares)		290,984
27,500		Yokogawa Electric Corp		185,550
13,224		Zardoya Otis S.A.		276,043
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		29,460,089
INSTRUMENTS AND RELATED PRODUCTS - 1.19%
15,700		Advantest Corp		285,203
5,865		Cochlear Ltd		272,691
2,611		Coloplast AS (Class B)		179,528
22,165		Compagnie Generale d'Optique Essilor International S.A.		1,056,578
42,255		Finmeccanica S.p.A.		594,552
9,146		Fresenius AG (Preference)		493,844
3,278		Fresenius SE		153,453
20,647		Getinge AB (B Shares)		270,310
83,788		Invensys plc		308,090
4,600		Keyence Corp		940,676
14,526		Luxottica Group S.p.A.		303,425
35,000		Nikon Corp		608,190
35,000		Nippon Electric Glass Co Ltd		393,107
12,810		Nobel Biocare Holding AG.		279,650
24,000	*	Olympus Corp		569,264
5,029		Phonak Holding AG.		408,689
19,951	*	Qiagen NV		369,445
17,692		Safran S.A.		233,301
28,000		Shimadzu Corp		224,384
90,224		Smith & Nephew plc		667,222
823		Straumann Holding AG.		149,898
3,213		Swatch Group AG.		515,417
5,222	*	Swatch Group AG. Reg		170,855
6,262		Synthes, Inc		604,559
17,500		Terumo Corp		773,862
2,158	*	William Demant Holding		111,590
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		10,937,783
INSURANCE AGENTS, BROKERS AND SERVICE - 0.42%
77,500		Millea Holdings, Inc		2,147,973
102,390		QBE Insurance Group Ltd		1,641,866
70,863		Unipol Gruppo Finanziario S.p.A.		82,958
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		3,872,797

226

TIAA-CREF FUNDS - International Equity Index Fund
SHARES		COMPANY		VALUE
INSURANCE CARRIERS - 3.67%
19,363		Admiral Group plc	$	277,147
154,057		Aegon NV		947,248
55,000		Aioi Insurance Co Ltd		251,778
45,584		Alleanza Assicurazioni S.p.A		312,543
49,050		Allianz AG.		4,515,985
205,032		AMP Ltd		806,248
114,101		Assicurazioni Generali S.p.A.		2,370,585
288,439		Aviva plc		1,620,553
118,555		AXA Asia Pacific Holdings Ltd		371,618
165,988		AXA S.A.		3,117,944
5,213		Baloise Holding AG.		386,939
3,759		CNP Assurances		358,875
86,614		Corp Mapfre S.A.		281,895
7,234		Fondiaria-Sai S.p.A		116,400
243,267		Friends Provident Group plc		262,666
7,050		Hannover Rueckversicherung AG.		260,703
220,558		Insurance Australia Group Ltd		623,817
15,580		KBC Groep NV		284,133
24,461		Mediolanum S.p.A.		130,397
45,700		Mitsui Sumitomo Insurance Group Holdings, Inc		1,202,569
22,423		Muenchener Rueckver AG.		3,025,761
68,000		Nipponkoa Insurance Co Ltd		396,699
19,000		Nissay Dowa General Insurance Co Ltd		91,908
590,370		Old Mutual plc		786,054
272,475		Prudential plc		1,853,620
371,945		Royal & Sun Alliance Insurance Group plc		735,532
43,663		Sampo Oyj (A Shares)		823,848
18,239		SCOR		373,820
93,000		Sompo Japan Insurance, Inc		623,636
105		Sony Financial Holdings, Inc		290,689
219,435		Standard Life plc		671,848
3,653		Swiss Life Holding		315,357
37,474		Swiss Reinsurance Co		1,239,534
23,900		T&D Holdings, Inc		687,216
1,516	*	Topdanmark AS		177,061
2,666		TrygVesta A.S.		157,194
4,039		Wiener Staedtische Allgemeine Versicherung AG.		175,536
15,877		Zurich Financial Services AG.		2,796,795
		TOTAL INSURANCE CARRIERS		33,722,151
LEATHER AND LEATHER PRODUCTS - 0.32%
20,600		Adidas-Salomon AG.		783,155
26,417		LVMH Moet Hennessy Louis Vuitton S.A.		2,016,013
70,000		Yue Yuen Industrial Holdings		164,928
		TOTAL LEATHER AND LEATHER PRODUCTS		2,964,096
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.10%
30,403		Brisa-Auto Estradas de Portugal S.A.		218,585
197,000		ComfortDelgro Corp Ltd		174,096
45,000		Keihin Electric Express Railway Co Ltd		349,405

227

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
35,000		Keisei Electric Railway Co Ltd	$	209,270
		TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		951,356
METAL MINING - 3.46%
274,498		Alumina Ltd		319,620
142,085		Anglo American plc		4,122,325
41,157		Antofagasta plc		397,805
361,384		BHP Billiton Ltd		10,110,573
237,992		BHP Billiton plc		5,340,665
8,448		Energy Resources of Australia Ltd		159,293
32,625		Eurasian Natural Resources Corp		351,301
16,912		Fresnillo plc		144,683
23,066		Kazakhmys plc		239,073
19,668		Lonmin PLC		379,557
51,477		Newcrest Mining Ltd		1,265,560
40,204		Orica Ltd		703,649
331,815		Oxiana Ltd		245,986
64,961	*	Paladin Resources Ltd		258,064
8,182		Randgold Resources Ltd		528,211
30,558		Rio Tinto Ltd		1,285,354
96,623		Rio Tinto plc		3,346,195
1,600		Sumitomo Titanium Corp		58,795
15,402		Vedanta Resources plc		326,371
205,104		Xstrata plc		2,217,973
		TOTAL METAL MINING		31,801,053
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.22%
56,780		Compagnie Financiere Richemont S.A.		1,179,967
20,000		Namco Bandai Holdings, Inc		220,065
5,100		Sankyo Co Ltd		272,642
2,772		Societe BIC S.A.		159,087
17,600		Yamaha Corp		220,331
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		2,052,092
MISCELLANEOUS RETAIL - 0.39%
91,555		Home Retail Group		391,628
225,000		Hutchison Whampoa Ltd		1,470,474
12,562		Metro AG.		599,521
94,968		Origin Energy Ltd		1,120,329
		TOTAL MISCELLANEOUS RETAIL		3,581,952
MOTION PICTURES - 0.02%
11,900		Toho Co Ltd		194,555
		TOTAL MOTION PICTURES		194,555
NONDEPOSITORY INSTITUTIONS - 0.94%
4,680		Acom Co Ltd		117,322
8,300		Aeon Credit Service Co Ltd		108,817
53,951		Bank of Cyprus Public Co Ltd		305,011
17,200		Credit Saison Co Ltd		219,252
89,358		Criteria Caixacorp S.A.		412,421

228

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
47,362		Investor AB (B Shares)	$	730,567
9,210		ORIX Corp		555,459
7,000		Promise Co Ltd		89,594
88,943		Siemens AG.		6,133,870
		TOTAL NONDEPOSITORY INSTITUTIONS		8,672,313
NONMETALLIC MINERALS, EXCEPT FUELS - 0.11%
2,915		Imerys S.A.		122,086
16,063		K+S AG.		902,035
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		1,024,121
OIL AND GAS EXTRACTION - 1.50%
69,550	*	Arrow Energy NL		198,954
357,199		BG Group plc		5,982,415
14,963	*	Cairn Energy plc		576,533
15,533	*	Compagnie Generale de Geophysique S.A.		279,136
2,700		Idemitsu Kosan Co Ltd		232,065
87		Inpex Holdings, Inc		697,192
3,000		Japan Petroleum Exploration Co		166,606
22,459	*	Lundin Petroleum AB		173,800
90,073		Santos Ltd		1,062,583
14,930		SBM Offshore NV		254,895
29,753		SeaDrill Ltd		424,769
10,981		Technip S.A.		537,470
87,754		Tullow Oil plc		1,353,495
52,144		Woodside Petroleum Ltd		1,815,582
		TOTAL OIL AND GAS EXTRACTION		13,755,495
PAPER AND ALLIED PRODUCTS - 0.31%
7,438		Exor S.p.A		107,057
5,577		Holmen AB (B Shares)		121,810
13,371		Metso Oyj		249,475
9,400		Nippon Paper Group, Inc		243,453
82,000		OJI Paper Co Ltd		353,246
59,056		Stora Enso Oyj (R Shares)		311,503
58,601		Svenska Cellulosa AB (B Shares)		615,282
4,900		Uni-Charm Corp		374,869
54,143		UPM-Kymmene Oyj		471,677
		TOTAL PAPER AND ALLIED PRODUCTS		2,848,372
PETROLEUM AND COAL PRODUCTS - 6.35%
2,008,755		BP plc		15,790,349
15,025		Caltex Australia Ltd		167,684
68,000		Cosmo Oil Co Ltd		231,525
277,031		ENI S.p.A.		6,548,461
18,219		Galp Energia SGPS S.A.		255,585
12,186		Hellenic Petroleum S.A.		117,785
13,464		Neste Oil Oyj		186,991
98,100		Nippon Mining Holdings, Inc		511,197
17,173		OMV AG.		642,992
75,119		Repsol YPF S.A.		1,679,767
379,339		Royal Dutch Shell plc (A Shares)		9,473,661

229

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
288,363		Royal Dutch Shell plc (B Shares)	$	7,239,568
34,176		Saras S.p.A.		97,326
19,800		Showa Shell Sekiyu KK		210,055
122,150		Statoil ASA		2,404,950
30,000		TonenGeneral Sekiyu KK		306,119
230,295		Total S.A.		12,431,702
		TOTAL PETROLEUM AND COAL PRODUCTS		58,295,717
PRIMARY METAL INDUSTRIES - 1.71%
15,412		Acerinox S.A.		285,177
90,879	*	ArcelorMittal		2,981,981
193,984		BlueScope Steel Ltd		395,470
32,000		Daido Steel Co Ltd		131,541
29,000		DOWA HOLDINGS CO Ltd		121,015
71,000		Furukawa Electric Co Ltd		321,337
54,200		JFE Holdings, Inc		1,828,515
24,399		Johnson Matthey plc		462,025
276,000		Kobe Steel Ltd		515,700
3,800		Maruichi Steel Tube Ltd		71,988
120,000		Mitsubishi Materials Corp		374,942
65,000		Mitsui Mining & Smelting Co Ltd		168,682
557,000		Nippon Steel Corp		2,139,307
78,715		Norsk Hydro ASA		403,971
130,369		OneSteel Ltd		271,032
12,377		Outokumpu Oyj		213,392
78,400	*	Sumitomo Electric Industries Ltd		883,816
399,000		Sumitomo Metal Industries Ltd		1,064,442
56,000		Sumitomo Metal Mining Co Ltd		792,318
51,911		Tenaris S.A.		705,294
10,200		Tokyo Steel Manufacturing Co Ltd		124,304
13,267		Umicore		300,950
5,586		Vallourec		678,076
12,049		Voestalpine AG.		330,452
4,200		Yamato Kogyo Co Ltd		124,472
		TOTAL PRIMARY METAL INDUSTRIES		15,690,199
PRINTING AND PUBLISHING - 0.76%
62,000		Dai Nippon Printing Co Ltd		852,110
246,830		John Fairfax Holdings Ltd		242,653
12,304		Lagardere S.C.A.		408,560
86,436		Orkla ASA		627,755
15,482		PagesJaunes Groupe S.A.		150,490
89,737		Pearson plc		899,837
70,442		Reed Elsevier NV		775,041
114,588		Reed Elsevier plc		853,054
10,345		Sanoma-WSOY Oyj		160,363
158,000		Singapore Press Holdings Ltd		344,711
19,333		Thomson Reuters plc		550,891
60,000		Toppan Printing Co Ltd		607,256
30,768		Wolters Kluwer NV		537,378
		TOTAL PRINTING AND PUBLISHING		7,010,099

230

TIAA-CREF FUNDS - International Equity Index Fund
SHARES		COMPANY		VALUE
RAILROAD TRANSPORTATION - 0.56%
164		Central Japan Railway Co	$	1,009,519
36,000		East Japan Railway Co		2,171,173
56,267		Firstgroup PLC		331,171
126,000		Hankyu Hanshin Holdings, Inc		591,187
149,962		MTR Corp		449,883
177		West Japan Railway Co		586,111
		TOTAL RAILROAD TRANSPORTATION		5,139,044
REAL ESTATE - 2.13%
94,690		British Land Co plc		595,095
273,000		CapitaLand Ltd		699,275
224,330		CapitaMall Trust		216,834
149,000		Cheung Kong Holdings Ltd		1,713,007
85,680		Chinese Estates Holdings Ltd		156,987
57,400		City Developments Ltd		340,025
5,252		Corio NV		255,367
1,692		Gecina S.A.		104,677
418,000	*	Genting International plc		196,244
75,717		Hammerson plc		382,429
90,000		Hang Lung Group Ltd		423,868
216,000		Hang Lung Properties Ltd		714,886
120,344		Henderson Land Development Co Ltd		690,227
63,000		Hopewell Holdings		197,534
59,470		Hysan Development Co Ltd		152,703
1,994		ICADE		163,739
8,456		Klepierre		218,092
79,778		Land Securities Group plc		618,519
15,716		Leighton Holdings Ltd		297,603
44,739		Liberty International plc		292,394
216,701		Link Real Estate Investment Trust		462,479
243,417		Mirvac Group		211,837
126,000		Mitsubishi Estate Co Ltd		2,107,084
90,000		Mitsui Fudosan Co Ltd		1,572,325
285,000	*	Mongolia Energy Co ltd		105,174
283,987		New World Development Ltd		513,738
6,100		Nomura Real Estate Holdings, Inc		105,746
141		NTT Urban Development Corp		136,851
667,441		Segro plc		266,283
197,326		Sino Land Co		326,923
257,170		Stockland Trust Group		665,200
43,000		Sumitomo Realty & Development Co Ltd		790,502
154,000		Sun Hung Kai Properties Ltd		1,923,496
33,000		Tokyo Tatemono Co Ltd		184,637
52,000		Tokyu Land Corp		237,505
8,937	*	Unibail		1,330,956
92,000		Wheelock & Co Ltd		237,180
		TOTAL REAL ESTATE		19,607,421
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.84%
17,000		Asics Corp		155,291
82,780		Bayer AG.		4,438,406

231

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
63,400		Bridgestone Corp	$	997,052
62,000		Denki Kagaku Kogyo KK		173,125
14,934		Michelin (C.G.D.E.) (Class B)		850,681
57,000		Mitsubishi Rayon Co Ltd		166,264
66,000		Mitsui Chemicals, Inc		211,699
10,800	*	NOK Corp		125,898
11,811		Nokian Renkaat Oyj		222,025
277,061		Pirelli & C S.p.A.		96,935
675		Puma AG. Rudolf Dassler Sport		147,692
18,100		Sumitomo Rubber Industries, Inc		145,800
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		7,730,868
SECURITY AND COMMODITY BROKERS - 1.80%
19,370		Australian Stock Exchange Ltd		577,353
53,181	*,m	Babcock & Brown Ltd		13,927
121,769		Credit Suisse Group		5,558,641
139,000		Daiwa Securities Group, Inc		829,657
20,240		Deutsche Boerse AG.		1,569,602
109,900		Hong Kong Exchanges and Clearing Ltd		1,711,593
59,609		ICAP plc		442,290
637,598		Legal & General Group plc		595,713
15,628		London Stock Exchange Group plc		180,621
31,517		Macquarie Group Ltd		992,999
185,764		Man Group plc		848,092
12,900		Matsui Securities Co Ltd		117,303
259,100		Nomura Holdings, Inc		2,189,312
4,035		Perpetual Trustees Australia Ltd		92,828
15,142		Schroders plc		204,400
61,000		Shinko Securities Co Ltd		191,862
89,000		Singapore Exchange Ltd		436,275
		TOTAL SECURITY AND COMMODITY BROKERS		16,552,468
SPECIAL TRADE CONTRACTORS - 0.01%
14,000		Kinden Corp		123,091
		TOTAL SPECIAL TRADE CONTRACTORS		123,091
STONE, CLAY, AND GLASS PRODUCTS - 0.77%
103,000		Asahi Glass Co Ltd		828,619
59,596		Boral Ltd		195,451
25,577		Cimpor Cimentos de Portugal S.A.		186,580
70,761		CRH plc		1,618,053
20,407		Holcim Ltd		1,158,816
6,232		Italcementi S.p.A.		71,121
40,398		James Hardie Industries NV		136,721
17,349		Lafarge S.A.		1,174,310
5,856	*	Lafarge S.A. new		383,398
26,000		NGK Insulators Ltd		531,686
57,000		Nippon Sheet Glass Co Ltd		166,855
2,837		Pargesa Holding S.A.		177,027
89,000		Taiheiyo Cement Corp		153,361
5,888		Titan Cement Co S.A.		155,288

232

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
25,000		Toto Ltd	$	175,429
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		7,112,715
TEXTILE MILL PRODUCTS - 0.05%
14,000		Nisshinbo Industries, Inc		158,696
93,000		Teijin Ltd		300,234
		TOTAL TEXTILE MILL PRODUCTS		458,930
TOBACCO PRODUCTS - 1.16%
215,706		British American Tobacco plc		5,937,134
107,576		Imperial Tobacco Group plc		2,792,807
486		Japan Tobacco, Inc		1,523,558
26,588		Swedish Match AB		431,665
		TOTAL TOBACCO PRODUCTS		10,685,164
TRANSPORTATION BY AIR - 0.28%
3,117		Aeroports de Paris		228,320
14,208		Air France-KLM		181,398
77,000	*	All Nippon Airways Co Ltd		269,362
93,672		Auckland International Airport Ltd		97,304
54,677		British Airways plc		112,173
124,000		Cathay Pacific Airways Ltd		170,879
3,859		Fraport AG. Frankfurt Airport Services Worldwide		165,061
6,000		Hong Kong Aircraft Engineerg		69,909
53,831		Iberia Lineas Aereas de Espana		114,106
101,000	*	Japan Airlines Corp		195,007
72,992		Macquarie Airports		135,867
99,887		Qantas Airways Ltd		161,783
25,825	*	Ryanair Holdings plc		118,105
900	*	Ryanair Holdings plc (ADR)		25,551
55,933		Singapore Airlines Ltd		513,607
		TOTAL TRANSPORTATION BY AIR		2,558,432
TRANSPORTATION EQUIPMENT - 4.68%
20,000		Aisin Seiki Co Ltd		434,941
378,715		BAE Systems plc		2,109,064
34,379		Bayerische Motoren Werke AG.		1,294,454
5,520		Bayerische Motoren Werke AG. (Preference)		132,727
119,005		Cobham plc		338,124
121,000		Cosco Corp Singapore Ltd		104,426
20,000		Daihatsu Motor Co Ltd		186,433
97,698		DaimlerChrysler AG. (EUR)		3,533,292
53,500	*	Denso Corp		1,377,277
41,681		European Aeronautic Defence and Space Co		673,015
79,386		Fiat S.p.A.		797,385
61,000		Fuji Heavy Industries Ltd		247,584
28,000	*	Hino Motors Ltd		87,486
178,500	*	Honda Motor Co Ltd		4,928,738
133,000	*	Isuzu Motors Ltd		213,993
15,009		Jardine Cycle & Carriage Ltd		198,959
20,200		JTEKT Corp		205,701
157,000		Kawasaki Heavy Industries Ltd		433,508
143,000		Keppel Corp Ltd		681,234

233

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
11,770		MAN AG.	$	721,554
90,000	*	Mazda Motor Corp		230,757
396,000	*	Mitsubishi Motors Corp		744,029
74,000		Mitsui Engineering & Shipbuilding Co Ltd		174,371
16,000		NHK Spring Co Ltd		107,458
46,000		NSK Ltd		233,975
15,762		Peugeot S.A.		413,931
9,750		Porsche AG.		653,798
20,483		Renault S.A.		751,983
202,492		Rolls-Royce Group plc		1,204,300
34,549		Scania AB (B Shares)		342,595
87,600		SembCorp Marine Ltd		162,693
7,000		Shimano, Inc		268,127
141,000		Singapore Technologies Engineering Ltd		238,505
36,700		Suzuki Motor Corp		826,688
9,305		Thales S.A.		416,081
92,528		Tomkins PLC		225,296
6,400		Toyoda Gosei Co Ltd		173,395
20,400	*	Toyota Industries Corp		509,285
297,700		Toyota Motor Corp		11,341,247
9,572		Volkswagen AG.		3,238,045
11,036		Volkswagen AG. (Preference)		770,377
49,780		Volvo AB (A Shares)		306,501
119,933		Volvo AB (B Shares)		739,996
21,000		Yamaha Motor Co Ltd		233,903
		TOTAL TRANSPORTATION EQUIPMENT		43,007,231
TRANSPORTATION SERVICES - 0.17%
26,824		Autostrade S.p.A.		541,872
25,782		Cintra Concesiones de Infraestructuras de Transporte S.A.		159,864
25,891		Deutsche Lufthansa AG.		324,348
67,666		Toll Holdings Ltd		340,783
21,812		TUI AG.		160,491
		TOTAL TRANSPORTATION SERVICES		1,527,358
TRUCKING AND WAREHOUSING - 0.42%
87,887		Deutsche Post AG.		1,144,769
19,909		DSV AS		246,591
83,123		Kerry Properties Ltd		364,666
12,000		Mitsubishi Logistics Corp		133,160
3,249		Neopost S.A.		291,726
88,000		Nippon Express Co Ltd		401,017
39,875		TNT NV		774,470
40,000		Yamato Transport Co Ltd		533,970
		TOTAL TRUCKING AND WAREHOUSING		3,890,369
WATER TRANSPORTATION - 0.44%
59		AP Moller - Maersk AS (Class A)		345,656
120		AP Moller - Maersk AS (Class B)		718,855
16,918		Carnival plc		447,284
2,600		Hamburger Hafen und Logistik AG.		100,121
27,000		Kamigumi Co Ltd		228,141

234

TIAA-CREF FUNDS - International Equity Index Fund
SHARES		COMPANY		VALUE
66,000		Kawasaki Kisen Kaisha Ltd	$	272,673
5,627	*	Kuehne & Nagel International AG.		440,714
127,000		Mitsui OSK Lines Ltd		826,585
63,000		Neptune Orient Lines Ltd		64,374
117,000		Nippon Yusen Kabushiki Kaisha		506,452
23,800		Orient Overseas International Ltd		101,648
		TOTAL WATER TRANSPORTATION		4,052,503
WHOLESALE TRADE-DURABLE GOODS - 2.06%
30,410		Assa Abloy AB (Class B)		423,749
34,181		Bunzl plc		282,579
7,200		Canon Marketing Japan, Inc		100,898
41,452		Compagnie de Saint-Gobain		1,385,445
131,072	*	Fortescue Metals Group Ltd		400,291
163,000		Itochu Corp		1,137,032
245,300		Li & Fung Ltd		658,349
146,700		Mitsubishi Corp		2,722,787
186,300		Mitsui & Co Ltd		2,216,223
258,400		Nissan Motor Co Ltd		1,571,832
82,000		Nisshin Steel Co Ltd		183,858
11,416		Prysmian S.p.A.		171,520
8,843		Rautaruukki Oyj		176,777
25,320		Schneider Electric S.A.		1,928,744
15,909		Sims Group Ltd		339,844
123,900		Sumitomo Corp		1,262,986
12,700		THK Co Ltd		190,233
36,700		ThyssenKrupp AG.		910,762
110,459		Wesfarmers Ltd		2,016,028
15,126		Wesfarmers Ltd PPS		286,430
30,640	*	Wolseley plc		583,735
		TOTAL WHOLESALE TRADE-DURABLE GOODS		18,950,102
WHOLESALE TRADE-NONDURABLE GOODS - 1.14%
2,700		ABC-Mart, Inc		69,507
25,513		Akzo Nobel NV		1,122,402
2,800		Alfresa Holdings Corp		129,340
20,908		Billabong International Ltd		147,417
4,895		Casino Guichard Perrachon S.A.		329,957
8,646		Celesio AG.		198,310
109,000		Esprit Holdings Ltd		608,286
199,748		Foster's Group Ltd		828,928
17,000		Kikkoman Corp		170,997
176,000		Marubeni Corp		781,938
88,146		Metcash Ltd		306,131
137,000		Nippon Oil Corp		810,609
159,400		Noble Group Ltd		200,296
138,000	*	Sojitz Holdings Corp		303,690
7,400		Suzuken Co Ltd		214,699
176,495		Unilever NV		4,249,983
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		10,472,490
		TOTAL COMMON STOCKS		912,821,702
		(Cost $1,151,477,653)

235

TIAA-CREF FUNDS- International Equity Index Fund

SHARES		COMPANY		VALUE
RIGHTS / WARRANTS - 0.09%
DEPOSITORY INSTITUTIONS - 0.00%**
185,414	m	Fortis		0
63,091		Unione di Banche Italiane SCPA (CW)		4,868
		TOTAL DEPOSITORY INSTITUTIONS		4,868
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 0.00%**
8,572		Renewable Energy Corp AS.		30,661
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		30,661
FOOD AND KINDRED PRODUCTS - 0.00%**
101,367		Golden Agri-Resources Ltd		13,997
		TOTAL FOOD AND KINDRED PRODUCTS		13,997
INDUSTRIAL MACHINERY AND EQUIPMENT - 0.00%**
13,224		Zardoya Otis S.A.		13,450
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		13,450
METAL MINING - 0.09%
16,043		Rio Tinto Ltd		272,768
50,727		Rio Tinto plc		582,523
		TOTAL METAL MINING		855,291
PRIMARY METAL INDUSTRIES - 0.00%**
8,000		DOWA HOLDINGS CO LTD		83
		TOTAL PRIMARY METAL INDUSTRIES		83
WATER TRANSPORTATION - 0.00%**
47,250	m	Neptune Orient Lines Ltd		5,709
		TOTAL WATER TRANSPORTATION		5,709
WHOLESALE TRADE-NONDURABLE GOODS - 0.00%**
4,546		Casino Guichard Perrachon S.A.		17,538
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		17,538
		TOTAL RIGHTS / WARRANTS		941,597
		(Cost $1,462,389)
		TOTAL INVESTMENTS - 99.44%		913,763,299
		(Cost $1,152,940,042)
		OTHER ASSETS AND LIABILITIES, NET - 0.56%		5,155,334
		NET ASSETS - 100.00%	$	918,918,633
		The following abbreviations are used in portfolio descriptions:
		ADR - American Depositary Receipt
		plc - Public Limited Company
	*	Non-income producing.
	**	Percentage represents less than 0.01%.
	d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures contracts in the amount of $89,833.
	m	Indicates a security that has been deemed illiquid.

236

 INTERNATIONAL EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)
June 30, 2009

			% OF TOTAL
COUNTRY		VALUE	PORTFOLIO
DOMESTIC
UNITED STATES	$	27,462,454	3.01	%
TOTAL DOMESTIC		27,462,454	3.01
FOREIGN
ARGENTINA		705,294	0.08
AUSTRALIA		65,063,274	7.12
AUSTRIA		2,898,522	0.32
BELGIUM		8,196,288	0.90
CHINA		714,041	0.08
CYPRUS		305,011	0.03
DENMARK		8,153,592	0.89
FINLAND		11,518,601	1.26
FRANCE		86,998,497	9.52
GERMANY		68,789,526	7.53
GREECE		4,905,838	0.54
HONG KONG		20,777,430	2.27
INDIA		326,371	0.04
IRELAND		2,493,550	0.27
ITALY		30,632,071	3.35
JAPAN		214,416,172	23.46
JERSEY, C.I.		528,211	0.06
KAZAKHSTAN		351,301	0.04
LUXEMBOURG		3,997,184	0.44
MALAYSIA		196,244	0.02
MEXICO		144,683	0.02
NETHERLANDS		38,234,954	4.18
NEW ZEALAND		933,898	0.10
NORWAY		5,949,896	0.65
PORTUGAL		3,034,579	0.33
SINGAPORE		11,483,503	1.26
SPAIN		39,798,458	4.35
SWEDEN		20,702,517	2.27
SWITZERLAND		66,385,081	7.26
TAIWAN		160,593	0.02
UNITED KINGDOM		167,505,665	18.33
TOTAL FOREIGN		886,300,845	96.99
TOTAL PORTFOLIO	$	913,763,299	100.00	%

237

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
TIAA-CREF FUNDS
ENHANCED INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.07%
ADMINISTRATION OF ECONOMIC PROGRAMS - 0.04%
2,154		Bureau Veritas S.A.	$	105,746
		TOTAL ADMINISTRATION OF ECONOMIC PROGRAMS		105,746
AMUSEMENT AND RECREATION SERVICES - 0.78%
88,662		Ladbrokes plc		268,395
5,405		Lottomatica S.p.A.		104,106
3,500		Nintendo Co Ltd		967,509
18,639		OPAP S.A.		496,806
1,200		Oriental Land Co Ltd		80,469
128,731		Tattersall's Ltd		264,515
		TOTAL AMUSEMENT AND RECREATION SERVICES		2,181,800
APPAREL AND ACCESSORY STORES - 0.61%
3,200		Fast Retailing Co Ltd		418,539
26,076		Hennes & Mauritz AB (B Shares)		1,301,324
		TOTAL APPAREL AND ACCESSORY STORES		1,719,863
APPAREL AND OTHER TEXTILE PRODUCTS - 0.21%
2,242		Hermes International		311,374
3,400		Shimamura Co Ltd		271,054
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		582,428
AUTO REPAIR, SERVICES AND PARKING - 0.81%
122,400		Standard Chartered plc		2,295,646
		TOTAL AUTO REPAIR, SERVICES AND PARKING		2,295,646
BUSINESS SERVICES - 2.61%
6,367		Atos Origin S.A.		215,751
12,967	*	Autonomy Corp plc		306,560
29,932		Computershare Ltd		217,555
4,786		Dassault Systemes S.A.		211,224
83,000		Fujitsu Ltd		453,189
129,197		Group 4 Securicor plc		443,177
7,300		Konami Corp		140,264
7,980		Mitsubishi UFJ Lease & Finance Co Ltd		260,933
141,000		NEC Corp		554,721
189		NTT Data Corp		612,113
3,700		Oracle Corp Japan		135,963
19,992		Publicis Groupe S.A.		609,434
21,955		SAP AG.		883,023
3,800		Secom Co Ltd		154,627
45,106		Securitas AB (B Shares)		382,965
656		SGS S.A.		812,642

238

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
9,800		Softbank Corp	$	191,453
500		Trend Micro, Inc		16,038
107,458		WPP plc		712,905
		TOTAL BUSINESS SERVICES		7,314,537
CHEMICALS AND ALLIED PRODUCTS - 10.51%
4,690	*	Actelion Ltd		245,388
1,072		Air Liquide		97,916
70,000		Asahi Kasei Corp		356,776
39,400		Astellas Pharma, Inc		1,398,745
36,856		AstraZeneca plc (ADR)		1,626,824
47,049		BASF AG.		1,869,854
2,100		Beiersdorf AG.		98,720
6,052		Christian Dior S.A.		451,416
14,400		Chugai Pharmaceutical Co Ltd		275,040
21,841		CSL Ltd		565,824
40,000		Daicel Chemical Industries Ltd		242,902
62,000		Dainippon Ink and Chemicals, Inc		97,182
23,000		Dainippon Sumitomo Pharma Co Ltd		201,505
27,836		DSM NV		871,980
2,600		Eisai Co Ltd		92,843
237,056		GlaxoSmithKline plc		4,167,196
3,401		Henkel KGaA		91,653
3,541		Henkel KGaA (Preference)		110,427
3,900		Hisamitsu Pharmaceutical Co, Inc		121,451
99,902		Incitec Pivot Ltd		191,592
20,000		Kansai Paint Co Ltd		143,873
14,000		Kao Corp		305,912
1,000		Kyowa Hakko Kogyo Co Ltd		11,325
1,119		Linde AG.		91,723
2,191		L'Oreal S.A.		163,748
9,700		Mediceo Paltac Holdings Co Ltd		111,263
76,609		Novartis AG.		3,105,112
18,255		Novo Nordisk AS (Class B)		986,952
298		Novozymes AS (B Shares)		24,195
3,000		Ono Pharmaceutical Co Ltd		132,973
6,118		Orion Oyj (Class B)		95,868
26,356		Reckitt Benckiser Group plc		1,199,362
20,510		Roche Holding AG.		2,788,024
53,212		Sanofi-Aventis		3,125,528
2,800		Santen Pharmaceutical Co Ltd		85,306
16,600		Shin-Etsu Chemical Co Ltd		771,973
12,000		Shionogi & Co Ltd		232,563
2,000		Shiseido Co Ltd		32,844
3,022		Solvay S.A.		254,915
4,368		Syngenta AG.		1,014,061
22,300		Takeda Pharmaceutical Co Ltd		870,379
11,000		Tanabe Seiyaku Co Ltd		126,745
120,000		UBE Industries Ltd		336,326
1,392		UCB S.A.		44,543
2,381		Wacker Chemie AG.		273,361
3,850		Yara International ASA		107,774
		TOTAL CHEMICALS AND ALLIED PRODUCTS		29,611,882

239

TIAA-CREF FUNDS- Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
COMMUNICATIONS - 6.71%
1,652		Belgacom S.A.	$	52,689
595,763		BT Group plc		994,851
88,474		Deutsche Telekom AG.		1,042,572
55,966		France Telecom S.A.		1,268,752
20,700		Hellenic Telecommunications Organization S.A.		316,525
317		Jupiter Telecommunications Co		240,872
92		KDDI Corp		488,960
47,268		Mediaset S.p.A.		264,742
3,194		Mobistar S.A.		196,792
33,000		Nippon Telegraph & Telephone Corp		1,342,814
388		NTT DoCoMo, Inc		568,699
16,794		Portugal Telecom SGPS S.A.		164,233
67,101		Royal KPN NV		922,405
264,000		Singapore Telecommunications Ltd		546,810
956		Swisscom AG.		293,430
9,350		Tele2 AB (B Shares)		94,413
300,705		Telecom Italia RSP		295,080
171,862		Telecom Italia S.p.A.		237,480
168,514		Telefonica S.A.		3,810,764
2,044		Telekom Austria AG.		31,943
60,943		Telenor ASA		468,672
206,881		Telstra Corp Ltd		565,129
67,626		Vivendi Universal S.A.		1,616,094
159,743		Vodafone Group plc (ADR)		3,113,391
		TOTAL COMMUNICATIONS		18,938,112
DEPOSITORY INSTITUTIONS - 14.15%
30,000		77 Bank Ltd		175,014
6,639		Alpha Bank S.A.		72,645
101,000		Aozora Bank Ltd		156,215
37,659		Australia & New Zealand Banking Group Ltd		500,399
80,369		Banca Carige S.p.A.		220,418
66,236		Banca Monte dei Paschi di Siena S.p.A.		106,950
139,620		Banco Bilbao Vizcaya Argentaria S.A.		1,751,040
39,693		Banco Espirito Santo S.A.		213,824
61,999		Banco Popular Espanol S.A.		540,116
362,593		Banco Santander Central Hispano S.A.		4,354,158
202,607		Bank of East Asia Ltd		618,274
530,766		Barclays plc		2,471,201
21,384		Bendigo Bank Ltd		119,757
37,448		BNP Paribas		2,429,692
45,284		Commonwealth Bank of Australia		1,423,104
135,000		DBS Group Holdings Ltd		1,099,835
27,045		Dexia		205,028
21,047		EFG Eurobank Ergasias S.A.		221,443
254,523	*	Fortis		867,649
9,000		Fukuoka Financial Group, Inc		40,359
12,600		Hang Seng Bank Ltd		177,212
80,000		Hokuhoku Financial Group, Inc		200,965

240

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

SHARES		COMPANY		VALUE
451,130		HSBC Holdings plc	$	3,729,549
125,271		ING Groep NV		1,260,381
71,978		Investec plc		386,931
25,000		Joyo Bank Ltd		127,679
30,015		Mediobanca S.p.A.		357,274
332,700		Mitsubishi UFJ Financial Group, Inc		2,065,238
97,000		Mitsui Trust Holdings, Inc		371,547
49,500		Mizuho Financial Group, Inc		116,126
83,606		National Australia Bank Ltd		1,511,776
41,468		National Bank of Greece S.A.		1,151,833
29,000		Nishi-Nippon City Bank Ltd		73,452
26,167		Nordea Bank AB		207,243
32,000		Oversea-Chinese Banking Corp		147,584
6,348		Piraeus Bank S.A.		63,228
5,733		Raiffeisen International Bank Holding AG.		199,053
11,300		Resona Holdings, Inc		159,057
98		SEVEN BANK Ltd		257,271
116,000		Shinsei Bank Ltd		186,640
26,043		Societe Generale		1,420,640
36,900		Sumitomo Mitsui Financial Group, Inc		1,505,342
104,000		Sumitomo Trust & Banking Co Ltd		561,375
76,928		Suncorp-Metway Ltd		415,323
26,677		Svenska Handelsbanken (A Shares)		503,998
41,294		Swedbank AB (A Shares)		240,335
141,404	*	UBS A.G. (Switzerland)		1,729,565
471,682		UniCredito Italiano S.p.A		1,187,749
114,111		Westpac Banking Corp		1,862,001
14,000		Yamaguchi Financial Group, Inc		185,000
		TOTAL DEPOSITORY INSTITUTIONS		39,948,488
EATING AND DRINKING PLACES - 0.24%
76,500		Compass Group plc		430,119
4,950		Sodexho Alliance S.A.		254,085
		TOTAL EATING AND DRINKING PLACES		684,204
ELECTRIC, GAS, AND SANITARY SERVICES - 6.49%
14,475		ACEA S.p.A.		176,461
37,419		AGL Energy Ltd		405,547
142,523		Centrica plc		522,888
28,000		Chubu Electric Power Co, Inc		648,154
4,200		Chugoku Electric Power Co, Inc		87,850
41,500		CLP Holdings Ltd		275,237
53,270		Drax Group plc		384,739
30,377		E.ON AG.		1,074,734
14,500		Electric Power Development Co		412,415
560,514		Enel S.p.A.		2,728,520
22,030		Fortum Oyj		501,275
43,946		Gas Natural SDG S.A.		799,596
50,070		Gaz de France		1,864,187
5,700		Hokuriku Electric Power Co		130,467
112,000		Hong Kong Electric Holdings Ltd		622,860
84,875		Iberdrola S.A.		688,206

241

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

SHARES		COMPANY		VALUE
121,322		International Power plc	$	475,045
19,900		Kansai Electric Power Co, Inc		439,996
27,300		Kyushu Electric Power Co, Inc		588,026
104,631		National Grid plc		942,459
118,000		Osaka Gas Co Ltd		377,267
29,203		RWE A.G.		2,297,862
2,904		Severn Trent plc		52,268
1,100		Shikoku Electric Power Co, Inc		32,885
31,566		Snam Rete Gas S.p.A.		138,493
69,004		Terna Rete Elettrica Nazionale S.p.A.		229,905
13,000		Toho Gas Co Ltd		52,899
28,200		Tohoku Electric Power Co, Inc		589,848
24,300		Tokyo Electric Power Co, Inc		625,567
12,180		United Utilities Group plc		99,592
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		18,265,248
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 3.37%
34,400		ABB Ltd		540,751
138,453		Ericsson (LM) (B Shares)		1,358,570
25,000		GS Yuasa Corp		220,065
2,700		Hitachi Chemical Co Ltd		43,638
102,000		Hitachi Ltd		318,700
5,600		Hoya Corp		112,541
1,700	*	Ibiden Co Ltd		47,911
4,100		Kyocera Corp		309,410
96,900		Matsushita Electric Industrial Co Ltd		1,309,637
41,000		Matsushita Electric Works Ltd		388,997
1,887		Millicom International Cellular S.A.		106,279
46,000		Mitsubishi Electric Corp		291,753
2,200		Mitsumi Electric Co Ltd		47,158
2,700		Nidec Corp		163,959
1,500		Nitto Denko Corp		45,778
88,884		Nokia Oyj		1,301,772
17,300		Omron Corp		250,516
40,000		Ricoh Co Ltd		516,946
2,000		Rohm Co Ltd		145,949
66,000	*	Sanyo Electric Co Ltd		171,277
14,000		Sharp Corp		145,762
34,900		Sony Corp		914,751
19,243		STMicroelectronics NV		143,964
17,300		Sumco Corp		246,925
8,100		TDK Corp		381,730
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		9,524,739
ENGINEERING AND MANAGEMENT SERVICES - 0.61%
22,924		Cap Gemini S.A.		843,850
7,137		Capita Group plc		83,895
3,563		Fugro NV		147,551
31,000		JGC Corp		501,998
6,766		WorleyParsons Ltd		129,813
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		1,707,107

242

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

SHARES		COMPANY		VALUE
FABRICATED METAL PRODUCTS - 0.54%
72,727		Amcor Ltd	$	292,431
2,730	*	Geberit AG.		335,675
1,100		JS Group Corp		17,014
83,146		Rexam plc		389,173
1,130		Salzgitter AG.		98,949
19,628		Ssab Svenskt Stal AB (Series A)		228,347
13,694		Ssab Svenskt Stal AB (Series B)		147,330
		TOTAL FABRICATED METAL PRODUCTS		1,508,919
FOOD AND KINDRED PRODUCTS - 4.78%
1,957	*	Aryzta AG.		62,859
3,100		Asahi Breweries Ltd		44,633
924		Carlsberg AS (Class B)		59,268
16,058		Coca-Cola Amatil Ltd		111,409
89,184		Diageo plc		1,278,713
20,328		InBev NV		734,031
35,000		Kaneka Corp		249,598
3,352		Kerry Group plc (Class A)		76,460
71,000		Kirin Brewery Co Ltd		994,964
18,856		Lion Nathan Ltd		175,797
140,588		Nestle S.A.		5,294,612
4,000		Nippon Meat Packers, Inc		50,615
6,000		Nisshin Seifun Group, Inc		71,625
3,100		Nissin Food Products Co Ltd		93,964
239,181		Parmalat S.p.A.		576,784
3,972		Pernod-Ricard S.A.		250,021
20,534		SABMiller plc		417,214
8,493		Suedzucker AG.		172,401
25,500		Swire Pacific Ltd (Class A)		257,302
17,000		Toyo Suisan Kaisha Ltd		350,641
61,870		Unilever plc		1,449,468
146,000		Wilmar International Ltd		506,020
19,000		Yamazaki Baking Co Ltd		214,585
		TOTAL FOOD AND KINDRED PRODUCTS		13,492,984
FOOD STORES - 2.27%
8,498		Carrefour S.A.		362,649
1,527		Colruyt S.A.		348,314
5,120		Delhaize Group		360,099
1,400		FamilyMart Co Ltd		44,034
73,594		J Sainsbury plc		378,970
19,464		Jeronimo Martins SGPS S.A.		132,648
82,100		Koninklijke Ahold NV		942,583
8,300		Lawson, Inc		365,309
27,500		Seven & I Holdings Co Ltd		647,999
113,142		Tesco plc		658,195
272,178		WM Morrison Supermarkets plc		1,059,017
51,512		Woolworths Ltd		1,094,160
		TOTAL FOOD STORES		6,393,977

243

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

SHARES		COMPANY		VALUE
FURNITURE AND HOME FURNISHINGS STORES - 0.25%
53,326		Harvey Norman Holdings Ltd	$	141,801
6,100		Nitori Co Ltd		433,114
2,220		Yamada Denki Co Ltd		129,741
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		704,656
GENERAL BUILDING CONTRACTORS - 1.46%
11,716		ACS Actividades Cons y Servicios S.A.		592,510
71,028		Balfour Beatty plc		361,083
10,000		Daito Trust Construction Co Ltd		473,348
28,000		Daiwa House Industry Co Ltd		302,279
37,757		Fletcher Building Ltd		160,294
7,570		Hochtief AG.		381,243
63,000		Sekisui House Ltd		640,888
24,000		Shimizu Corp		104,635
14,035		Skanska AB (B Shares)		156,912
19,907		Vinci S.A.		893,230
		TOTAL GENERAL BUILDING CONTRACTORS		4,066,422
GENERAL MERCHANDISE STORES - 0.64%
2,792		Marks & Spencer Group plc		14,056
39,640		Next plc		958,019
18,000		Odakyu Electric Railway Co Ltd		154,336
6,003		PPR		489,741
26,000		UNY Co Ltd		222,661
		TOTAL GENERAL MERCHANDISE STORES		1,838,813
HEALTH SERVICES - 0.05%
2,564		Fresenius Medical Care AG.		114,705
3,385		Sonic Healthcare Ltd		33,604
		TOTAL HEALTH SERVICES		148,309
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.22%
7,003		Abertis Infraestructuras S.A.		131,693
7,108		Boskalis Westminster		161,139
7,916		Bouygues S.A.		297,613
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		590,445
HOLDING AND OTHER INVESTMENT OFFICES - 1.08%
27,100		iShares MSCI EAFE Index Fund		1,241,451
6,500		Jafco Co Ltd		219,287
49		Japan Prime Realty Investment Corp		106,306
34		Japan Real Estate Investment Corp		282,701
23	*	Japan Retail Fund Investment Corp		106,483
37		Nippon Building Fund, Inc		317,247
721		SBI Holdings, Inc		147,366
60,022		Westfield Group		550,402
22,000		Wharf Holdings Ltd		93,251
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		3,064,494
HOTELS AND OTHER LODGING PLACES - 0.10%
47,934		Crown Ltd		280,805
		TOTAL HOTELS AND OTHER LODGING PLACES		280,805

244

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
INDUSTRIAL MACHINERY AND EQUIPMENT - 2.83%
65,558		Alfa Laval AB	$	625,443
10,171		Alstom RGPT		600,057
34,322		Atlas Copco AB (B Shares)		310,313
40,301		Brambles Ltd		193,548
28,900		Brother Industries Ltd		256,796
29,800		Canon, Inc		977,507
33,748		Electrolux AB (Series B)		471,357
400		Fanuc Ltd		32,221
14,800		FUJIFILM Holdings Corp		470,110
11,083		GEA Group AG.		167,761
17,200		Hitachi Construction Machinery Co Ltd		281,206
3,900		Itochu Techno-Science Corp		116,188
2,000		Japan Steel Works Ltd		24,747
23,800		Komatsu Ltd		368,605
4,272		Kone Oyj (Class B)		130,827
42,500		Konica Minolta Holdings, Inc		444,698
58,000		Kubota Corp		479,846
1,900		Kurita Water Industries Ltd		61,535
6,200		Makita Corp		150,278
59,000		Mitsubishi Heavy Industries Ltd		244,978
6,415		Schindler Holding AG. (Reg)		397,635
6,000	*	Sumitomo Heavy Industries Ltd		26,844
1,700		Tokyo Electron Ltd		82,410
58,000		Toshiba Corp		210,723
17,700	*	Toyota Tsusho Corp		263,474
2,024	*	Vestas Wind Systems AS		145,077
14,647		Wartsila Oyj (B Shares)		471,360
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		8,005,544
INSTRUMENTS AND RELATED PRODUCTS - 0.82%
2,328		Cochlear Ltd		108,240
637		Coloplast AS (Class B)		43,799
5,243		Compagnie Generale d'Optique Essilor International S.A.		249,928
30,399		Finmeccanica S.p.A.		427,731
2,477		Fresenius AG (Preference)		133,747
11,666		Getinge AB (B Shares)		152,731
700		Keyence Corp		143,146
3,000		Nikon Corp		52,131
44,000		Nippon Electric Glass Co Ltd		494,192
1,003		Phonak Holding AG.		81,510
20,329		Safran S.A.		268,074
1,888		Synthes, Inc		182,275
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		2,337,504
INSURANCE AGENTS, BROKERS AND SERVICE - 0.54%
24,900		Millea Holdings, Inc		690,123
52,212		QBE Insurance Group Ltd		837,241
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		1,527,364

245

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES	COMPANY		VALUE
INSURANCE CARRIERS - 3.42%
47,861	Admiral Group plc	$	685,045
19,912	Allianz AG.		1,833,277
19,821	AMP Ltd		77,942
34,370	AXA S.A.		645,611
3,231	Baloise Holding AG.		239,823
7,368	CNP Assurances		703,429
9,100	Hannover Rueckversicherung AG.		336,510
8,100	Mitsui Sumitomo Insurance Group Holdings, Inc		213,147
11,306	Muenchener Rueckver AG.		1,525,632
266,269	Old Mutual plc		354,527
51,926	Royal & Sun Alliance Insurance Group plc		102,685
8,971	Sampo Oyj (A Shares)		169,268
21,009	SCOR		430,593
78,000	Sompo Japan Insurance, Inc		523,049
107	Sony Financial Holdings, Inc		296,226
117,194	Standard Life plc		358,815
28,537	Swiss Reinsurance Co		943,924
4,955	Wiener Staedtische Allgemeine Versicherung AG.		215,346
	TOTAL INSURANCE CARRIERS		9,654,849
LEATHER AND LEATHER PRODUCTS - 0.06%
2,248	LVMH Moet Hennessy Louis Vuitton S.A.		171,556
	TOTAL LEATHER AND LEATHER PRODUCTS		171,556
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.05%
18,000	Keihin Electric Express Railway Co Ltd		139,762
	TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		139,762
METAL MINING - 3.12%
528	Anglo American plc		15,319
45,587	Antofagasta plc		440,623
112,892	BHP Billiton Ltd		3,158,421
115,891	BHP Billiton plc		2,600,654
33,606	Eurasian Natural Resources Corp		361,864
3,707	Kazakhmys plc		38,422
17,423	Newcrest Mining Ltd		428,344
7,384	Orica Ltd		129,235
5,710	Rio Tinto Ltd		240,178
40,366	Rio Tinto plc		1,397,933
	TOTAL METAL MINING		8,810,993
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.14%
7,500	Sankyo Co Ltd		400,945
	TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		400,945
MISCELLANEOUS RETAIL - 0.60%
26,945	Home Retail Group		115,258
157,000	Hutchison Whampoa Ltd		1,026,064
1,945	Metro AG.		92,825
40,478	Origin Energy Ltd		477,515
	TOTAL MISCELLANEOUS RETAIL		1,711,662

246

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
NONDEPOSITORY INSTITUTIONS - 0.83%
7,900		Aeon Credit Service Co Ltd	$	103,573
17,800		Credit Saison Co Ltd		226,900
4,490		ORIX Corp		270,793
25,356		Siemens AG.		1,748,653
		TOTAL NONDEPOSITORY INSTITUTIONS		2,349,919
NONMETALLIC MINERALS, EXCEPT FUELS - 0.14%
7,078		K+S AG.		397,473
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		397,473
OIL AND GAS EXTRACTION - 1.43%
167,086		BG Group plc		2,798,378
1,900		Idemitsu Kosan Co Ltd		163,305
24		Inpex Holdings, Inc		192,329
8,456		Santos Ltd		99,755
2,269		Technip S.A.		111,057
18,759		Woodside Petroleum Ltd		653,162
		TOTAL OIL AND GAS EXTRACTION		4,017,986
PAPER AND ALLIED PRODUCTS - 0.34%
9,073		Holmen AB (B Shares)		198,168
13,200		Nippon Paper Group, Inc		341,870
36,798		Svenska Cellulosa AB (B Shares)		386,361
300		Uni-Charm Corp		22,951
		TOTAL PAPER AND ALLIED PRODUCTS		949,350
PETROLEUM AND COAL PRODUCTS - 6.79%
88,100		BP plc (ADR)		4,200,608
21,102		Caltex Australia Ltd		235,505
38,000		Cosmo Oil Co Ltd		129,382
114,020		ENI S.p.A.		2,695,206
15,500		Nippon Mining Holdings, Inc		80,770
11,424		OMV AG.		427,737
36,004		Repsol YPF S.A.		805,100
120,346		Royal Dutch Shell plc (A Shares)		3,005,538
111,164		Royal Dutch Shell plc (B Shares)		2,790,855
41,550		Statoil ASA		818,057
18,000		TonenGeneral Sekiyu KK		183,672
70,588		Total S.A.		3,810,456
		TOTAL PETROLEUM AND COAL PRODUCTS		19,182,886
PRIMARY METAL INDUSTRIES - 1.99%
39,515	*	ArcelorMittal		1,296,591
180,614		BlueScope Steel Ltd		368,213
51,000		Furukawa Electric Co Ltd		230,820
10,400		JFE Holdings, Inc		350,859
14,000		Kobe Steel Ltd		26,159
16,000		Mitsubishi Materials Corp		49,992

247

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

SHARES		COMPANY		VALUE
297,000		Nippon Steel Corp	$	1,140,707
66,432		OneSteel Ltd		138,110
22,300	*	Sumitomo Electric Industries Ltd		251,392
243,000		Sumitomo Metal Industries Ltd		648,269
8,000		Sumitomo Metal Mining Co Ltd		113,188
24,100		Tokyo Steel Manufacturing Co Ltd		293,698
1,966		Vallourec		238,650
7,965		Voestalpine AG.		218,446
8,000		Yamato Kogyo Co Ltd		237,089
		TOTAL PRIMARY METAL INDUSTRIES		5,602,183
PRINTING AND PUBLISHING - 0.49%
5,000		Dai Nippon Printing Co Ltd		68,719
86,908		John Fairfax Holdings Ltd		85,437
17,347		PagesJaunes Groupe S.A.		168,619
57,909		Pearson plc		580,682
31,000		Toppan Printing Co Ltd		313,748
8,416		Wolters Kluwer NV		146,989
		TOTAL PRINTING AND PUBLISHING		1,364,194
RAILROAD TRANSPORTATION - 0.76%
80		Central Japan Railway Co		492,448
19,900		East Japan Railway Co		1,200,176
4,000		Hankyu Hanshin Holdings, Inc		18,768
26,461		MTR Corp		79,382
107		West Japan Railway Co		354,316
		TOTAL RAILROAD TRANSPORTATION		2,145,090
REAL ESTATE - 2.05%
662,900		CapitaMall Trust		640,748
38,824		Chinese Estates Holdings Ltd		71,135
7,966		Corio NV		387,329
2,873		Gecina S.A.		177,740
3,000		Hang Lung Group Ltd		14,129
151,000		Hang Lung Properties Ltd		499,758
41,500		Hopewell Holdings		130,122
54,927		Hysan Development Co Ltd		141,037
60,460		Land Securities Group plc		468,747
171,500		Link Real Estate Investment Trust		366,012
17,000		Mitsubishi Estate Co Ltd		284,289
19,000		Mitsui Fudosan Co Ltd		331,935
245,000		New World Development Ltd		443,210
5,600		Nomura Real Estate Holdings, Inc		97,078
398,949		Segro plc		159,165
59,565		Stockland Trust Group		154,072
2,000		Sumitomo Realty & Development Co Ltd		36,768
83,000		Sun Hung Kai Properties Ltd		1,036,691
27,000		Tokyo Tatemono Co Ltd		151,067
193	*	Unibail		28,743
52,000		Wheelock & Co Ltd		134,058
		TOTAL REAL ESTATE		5,753,833

248

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.69%
26,707		Bayer AG.	$	1,431,946
1,700		Bridgestone Corp		26,735
57,000		Denki Kagaku Kogyo KK		159,163
326		Michelin (C.G.D.E.) (Class B)		18,570
251,930		Pirelli & C S.p.A.		88,143
882		Puma AG. Rudolf Dassler Sport		192,984
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		1,917,541
SECURITY AND COMMODITY BROKERS - 1.93%
3,837		Australian Stock Exchange Ltd		114,368
34,438	*,m	Babcock & Brown Ltd		9,019
50,869		Credit Suisse Group		2,322,123
16,000		Daiwa Securities Group, Inc		95,500
6,547		Deutsche Boerse AG.		507,717
23,500		Hong Kong Exchanges and Clearing Ltd		365,991
691,014		Legal & General Group plc		645,620
8,058		Macquarie Group Ltd		253,881
80,977		Man Group plc		369,695
15,100		Matsui Securities Co Ltd		137,308
19,000		Nomura Holdings, Inc		160,544
100,000		Singapore Exchange Ltd		490,196
		TOTAL SECURITY AND COMMODITY BROKERS		5,471,962
SPECIAL TRADE CONTRACTORS - 0.04%
14,000		Kinden Corp		123,091
		TOTAL SPECIAL TRADE CONTRACTORS		123,091
STONE, CLAY, AND GLASS PRODUCTS - 0.70%
75,000		Asahi Glass Co Ltd		603,363
51,521		Boral Ltd		168,969
31,875		CRH plc		728,868
1,278		Holcim Ltd		72,572
2,370		Lafarge S.A.		160,419
3,000		NGK Insulators Ltd		61,348
70,000		Taiheiyo Cement Corp		120,621
600		Titan Cement Co S.A.		15,824
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		1,931,984
TOBACCO PRODUCTS - 1.23%
98,550		British American Tobacco plc		2,712,509
39		Japan Tobacco, Inc		122,261
40,139		Swedish Match AB		651,670
		TOTAL TOBACCO PRODUCTS		3,486,440
TRANSPORTATION BY AIR - 0.30%
39,613		British Airways plc		81,269
3,600		Hong Kong Aircraft Engineerg		41,946
239,804		Macquarie Airports		446,371
176,993		Qantas Airways Ltd		286,668
		TOTAL TRANSPORTATION BY AIR		856,254

249

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
TRANSPORTATION EQUIPMENT - 4.86%
20,300		Aisin Seiki Co Ltd	$	441,465
306,391		BAE Systems plc		1,706,292
15,631		Bayerische Motoren Werke AG.		588,546
27,000		Daihatsu Motor Co Ltd		251,684
7,776		DaimlerChrysler AG. (EUR)		281,223
9,800	*	Denso Corp		252,286
38,130		European Aeronautic Defence and Space Co		615,677
13,989		Fiat S.p.A.		140,511
7,000		Fuji Heavy Industries Ltd		28,411
43,000	*	Hino Motors Ltd		134,354
61,500	*	Honda Motor Co Ltd		1,698,137
47,000	*	Isuzu Motors Ltd		75,622
15,000		Jardine Cycle & Carriage Ltd		198,840
23,300		JTEKT Corp		237,269
1,437		MAN AG.		88,095
11,000	*	Mazda Motor Corp		28,204
52,000	*	Mitsubishi Motors Corp		97,701
142,000		Mitsui Engineering & Shipbuilding Co Ltd		334,603
10,000		NHK Spring Co Ltd		67,161
48,000		NSK Ltd		244,148
1,626		Peugeot S.A.		42,701
14,132		Porsche AG.		947,638
5,388		Renault S.A.		197,807
73,000		SembCorp Marine Ltd		135,577
2,500		Suzuki Motor Corp		56,314
97,200		Toyota Motor Corp		3,702,954
3,325		Volkswagen AG.		1,124,790
		TOTAL TRANSPORTATION EQUIPMENT		13,718,010
TRANSPORTATION SERVICES - 0.23%
50,840		Deutsche Lufthansa AG.		636,895
		TOTAL TRANSPORTATION SERVICES		636,895
TRUCKING AND WAREHOUSING - 0.29%
32,000		Kerry Properties Ltd		140,386
2,000		Mitsubishi Logistics Corp		22,193
3,273		Neopost S.A.		293,881
73,000		Nippon Express Co Ltd		332,662
3,000		Yamato Transport Co Ltd		40,048
		TOTAL TRUCKING AND WAREHOUSING		829,170
WATER TRANSPORTATION - 0.47%
33		AP Moller - Maersk AS (Class A)		193,333
51		AP Moller - Maersk AS (Class B)		305,513
3,000		Kamigumi Co Ltd		25,349
24,000		Kawasaki Kisen Kaisha Ltd		99,154
1,058	*	Kuehne & Nagel International AG.		82,864
38,000		Mitsui OSK Lines Ltd		247,324
76,000		Nippon Yusen Kabushiki Kaisha		328,977

250

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY		VALUE
7,000		Orient Overseas International Ltd	$	29,897
		TOTAL WATER TRANSPORTATION		1,312,411
WHOLESALE TRADE-DURABLE GOODS - 2.14%
18,663		Compagnie de Saint-Gobain		623,771
52,000		Itochu Corp		362,734
76,000		Li & Fung Ltd		203,973
45,400		Mitsubishi Corp		842,635
50,000		Mitsui & Co Ltd		594,799
154,800		Nissan Motor Co Ltd		941,640
24,681		Prysmian S.p.A.		370,820
3,882		Rautaruukki Oyj		77,604
10,539		Schneider Electric S.A.		802,806
730		Sims Group Ltd		15,594
86,300		Sumitomo Corp		879,707
5,698		ThyssenKrupp AG.		141,404
3,906		Wesfarmers Ltd		71,290
5,727		Wesfarmers Ltd PPS		108,448
		TOTAL WHOLESALE TRADE-DURABLE GOODS		6,037,225
WHOLESALE TRADE-NONDURABLE GOODS - 1.26%
8,159		Billabong International Ltd		57,527
6,661		Casino Guichard Perrachon S.A.		448,997
22,300		Esprit Holdings Ltd		124,448
10,623		Foster's Group Ltd		44,084
69,000		Marubeni Corp		306,556
96,859		Metcash Ltd		336,391
46,000		Nippon Oil Corp		272,175
163,000		Noble Group Ltd		204,819
35,100	*	Sojitz Holdings Corp		77,243
4,300		Suzuken Co Ltd		124,757
63,217		Unilever NV		1,522,259
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,519,256
		TOTAL COMMON STOCKS		279,332,956
		(Cost $290,357,282)
RIGHTS / WARRANTS - 0.11%
METAL MINING - 0.10%
2,998		Rio Tinto Ltd		50,969
19,895		Rio Tinto plc		228,469
		TOTAL METAL MINING		279,438
WHOLESALE TRADE-NONDURABLE GOODS - 0.01%
6,661		Casino Guichard Perrachon S.A.		25,697
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		25,697
		TOTAL RIGHTS / WARRANTS		305,135
		(Cost $302,025)

251

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

	TOTAL INVESTMENTS - 99.18%	$	279,638,091
	(Cost $290,659,307)
	OTHER ASSETS AND LIABILITIES, NET - 0.82%		2,316,915
	NET ASSETS - 100.00%	$	281,955,006
	The following abbreviations are used in portfolio descriptions:
	ADR - American Depositary Receipt
	plc - Public Limited Company
*	Non-income producing.
m	Indicates a security that has been deemed illiquid.

252

TIAA-CREF FUNDS- Enhanced International Equity Index Fund

     ENHANCED INTERNATIONAL EQUITY INDEX FUNDSUMMARY OF MARKET VALUES BY COUNTRY (unaudited)
June 30, 2009

			% OF TOTAL
COUNTRY	VALUE		PORTFOLIO
DOMESTIC
UNITED STATES	$	1,561,086	0.56	%
TOTAL DOMESTIC		1,561,086	0.56
FOREIGN
AUSTRALIA		20,201,241	7.22
AUSTRIA		1,092,525	0.39
BELGIUM		3,064,060	1.09
DENMARK		1,758,137	0.63
FINLAND		2,747,974	0.98
FRANCE		27,501,853	9.83
GERMANY		20,778,343	7.43
GREECE		2,338,304	0.84
HONG KONG		7,097,194	2.54
IRELAND		805,328	0.29
ITALY		10,346,373	3.70
JAPAN		66,664,053	23.84
KAZAKHSTAN		361,864	0.13
LUXEMBOURG		1,402,870	0.50
NETHERLANDS		12,774,686	4.57
NEW ZEALAND		160,294	0.06
NORWAY		1,394,503	0.50
PORTUGAL		510,705	0.18
SINGAPORE		3,765,610	1.35
SPAIN		13,473,183	4.82
SWEDEN		7,417,480	2.65
SWITZERLAND		20,688,809	7.40
UNITED KINGDOM		51,731,616	18.50
TOTAL FOREIGN		278,077,005	99.44
TOTAL PORTFOLIO	$	279,638,091	100.00	%

253

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund
TIAA-CREF FUNDS
ENHANCED LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.61%
AMUSEMENT AND RECREATION SERVICES - 0.01%
7,050	*	Warner Music Group Corp	$	41,243
		TOTAL AMUSEMENT AND RECREATION SERVICES		41,243
APPAREL AND ACCESSORY STORES - 1.07%
9,650	*	Aeropostale, Inc		330,706
2,100	*	Chico's FAS, Inc		20,433
91,400		Gap, Inc		1,498,960
24,200	*	Kohl's Corp		1,034,550
37,800		Ross Stores, Inc		1,459,080
		TOTAL APPAREL AND ACCESSORY STORES		4,343,729
APPAREL AND OTHER TEXTILE PRODUCTS - 0.32%
6,500		Guess ?, Inc		167,570
900		Nike, Inc (Class B)		46,602
25,300		Phillips-Van Heusen Corp		725,857
5,200		Polo Ralph Lauren Corp (Class A)		278,408
1,700		VF Corp		94,095
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		1,312,532
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.20%
17,550		Advance Auto Parts		728,149
1,745	*	O'Reilly Automotive, Inc		66,450
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		794,599
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.32%
9,700		Home Depot, Inc		229,211
54,900		Lowe's Cos, Inc		1,065,609
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		1,294,820
BUSINESS SERVICES - 12.09%
89,000	*	Adobe Systems, Inc		2,518,700
2,600	*	Affiliated Computer Services, Inc (Class A)		115,492
2,000	*	Akamai Technologies, Inc		38,360
14,900	*	Alliance Data Systems Corp		613,731
37,400	*	Autodesk, Inc		709,852
100		Automatic Data Processing, Inc		3,544
100	*	BMC Software, Inc		3,379
14,450		Brink's Co		419,484
10,900		CA, Inc		189,987
5,100	*	Cognizant Technology Solutions Corp (Class A)		136,170
2,062	*	Compuware Corp		14,145
62,400	*	eBay, Inc		1,068,912
3,200	*	Expedia, Inc		48,352

254

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
16,100	*	F5 Networks, Inc	$	556,899
19,800	*	Google, Inc (Class A)		8,347,482
36,000		IMS Health, Inc		457,200
1,400		Interactive Data Corp		32,396
8,350	*	Interpublic Group of Cos, Inc		42,168
21,000	*	Intuit, Inc		591,360
5,700	*	Juniper Networks, Inc		134,520
2,901		Manpower, Inc		122,828
5,600		Mastercard, Inc (Class A)		936,936
2,100	*	McAfee, Inc		88,599
731,400		Microsoft Corp		17,385,378
3,600	*	NetFlix, Inc		148,824
19,000		Omnicom Group, Inc		600,020
428,000		Oracle Corp		9,167,760
17,100	*	Red Hat, Inc		344,223
700	*	Salesforce.com, Inc		26,719
8,300	*	Sohu.com, Inc		521,489
7,200	*	Sybase, Inc		225,648
46,400	*	Symantec Corp		721,984
5,600	*	Synopsys, Inc		109,256
3,600	*	Unisys Corp		5,436
27,000		Visa, Inc (Class A)		1,681,020
4,500	*	VMware, Inc (Class A)		122,715
42,200	*	Yahoo!, Inc		660,852
		TOTAL BUSINESS SERVICES		48,911,820
CHEMICALS AND ALLIED PRODUCTS - 15.10%
133,300		Abbott Laboratories		6,270,432
200	*	Abraxis Bioscience, Inc		7,372
1,400		Albemarle Corp		35,798
5,300		Alberto-Culver Co		134,779
7,100	*	Alexion Pharmaceuticals, Inc		291,952
87,500	*	Amgen, Inc		4,632,250
62,800	*	Biogen Idec, Inc		2,835,420
91,700		Bristol-Myers Squibb Co		1,862,427
24,600		Celanese Corp (Series A)		584,250
12,300	*	Celgene Corp		588,432
10,700		CF Industries Holdings, Inc		793,298
12,200		Church & Dwight Co, Inc		662,582
7,100		Clorox Co		396,393
31,200		Colgate-Palmolive Co		2,207,088
2,400	*	Dendreon Corp		59,640
11,700		Ecolab, Inc		456,183
33,600		Eli Lilly & Co		1,163,904
3,100		FMC Corp		146,630
11,486	*	Forest Laboratories, Inc		288,413
1,100	*	Genzyme Corp		61,237
124,100	*	Gilead Sciences, Inc		5,812,844
11,600	*	Hospira, Inc		446,832
7,200		Huntsman Corp		36,216
4,200	*	Invitrogen Corp		175,224
187,700		Johnson & Johnson		10,661,361

255

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
40,050		Monsanto Co	$	2,977,316
4,650		Mosaic Co		205,995
34,200		Nalco Holding Co		575,928
18,599	*	Pactiv Corp		403,598
7,900		Praxair, Inc		561,453
170,300		Procter & Gamble Co		8,702,330
134,800		Schering-Plough Corp		3,386,176
38,007	*	Sepracor, Inc		658,281
28,600		Sherwin-Williams Co		1,537,250
4,300		Sigma-Aldrich Corp		213,108
300	*	Vertex Pharmaceuticals, Inc		10,692
3,334	*	Watson Pharmaceuticals, Inc		112,322
25,800		Wyeth		1,171,062
		TOTAL CHEMICALS AND ALLIED PRODUCTS		61,126,468
COAL MINING - 0.29%
18,700	*	Alpha Natural Resources, Inc		491,249
22,300		Peabody Energy Corp		672,568
		TOTAL COAL MINING		1,163,817
COMMUNICATIONS - 1.28%
36,900	*	American Tower Corp (Class A)		1,163,456
43,800		Comcast Corp (Class A)		634,662
8,200	*	CTC Media, Inc		96,924
46,200	*	DIRECTV Group, Inc		1,141,602
56,300	*	DISH Network Corp (Class A)		912,623
8,700		Embarq Corp		365,922
300		Global Payments, Inc		11,238
3,000	*	IAC/InterActiveCorp		48,150
200	*	NeuStar, Inc (Class A)		4,432
17,906	*	NII Holdings, Inc (Class B)		341,468
30,729		Qwest Communications International, Inc		127,525
4,500		Scripps Networks Interactive (Class A)		125,235
3,700	*	US Cellular Corp		142,265
6,500	*	Viacom, Inc (Class B)		147,550
		TOTAL COMMUNICATIONS		5,263,052
DEPOSITORY INSTITUTIONS - 1.84%
600		Bank of New York Mellon Corp		17,586
600		BOK Financial Corp		22,602
1,100		Capitol Federal Financial		42,163
1,800		Commerce Bancshares, Inc		57,294
95,700		Hudson City Bancorp, Inc		1,271,853
2,900	*	Metavante Technologies, Inc		74,994
15,100		Northern Trust Corp		810,568
4,000		State Street Corp		188,800
1,000		TFS Financial Corp		10,620
85,500		Wells Fargo & Co		2,074,230
175,550		Western Union Co		2,879,020
		TOTAL DEPOSITORY INSTITUTIONS		7,449,730

256

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
EATING AND DRINKING PLACES - 1.83%
44,100		Brinker International, Inc	$	751,023
19,000		Burger King Holdings, Inc		328,130
26,600		Darden Restaurants, Inc		877,268
75,600		McDonald's Corp		4,346,244
77,700	*	Starbucks Corp		1,079,253
300		Tim Hortons, Inc		7,362
200		Yum! Brands, Inc		6,668
		TOTAL EATING AND DRINKING PLACES		7,395,948
EDUCATIONAL SERVICES - 0.73%
18,800	*	Apollo Group, Inc (Class A)		1,337,056
20,900		DeVry, Inc		1,045,836
3,000	*	ITT Educational Services, Inc		301,980
1,200		Strayer Education, Inc		261,732
		TOTAL EDUCATIONAL SERVICES		2,946,604
ELECTRIC, GAS, AND SANITARY SERVICES - 1.14%
52,100	*	AES Corp		604,881
500		American Water Works Co, Inc		9,555
104,400		Centerpoint Energy, Inc		1,156,752
7,640	*	Covanta Holding Corp		129,574
9,750		Energen Corp		389,025
850		Entergy Corp		65,892
29,100		Exelon Corp		1,490,211
4,600		FPL Group, Inc		261,556
9,600	*	NRG Energy, Inc		249,216
1,200		PPL Corp		39,552
3,800	*	Stericycle, Inc		195,814
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		4,592,028
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 11.68%
13,100		Altera Corp		213,268
33,000		Amphenol Corp (Class A)		1,044,120
75,700	*	Apple Computer, Inc		10,781,951
6,900	*	Atmel Corp		25,737
42,400	*	Avnet, Inc		891,672
24,900	*	Broadcom Corp (Class A)		617,271
595,800	*	Cisco Systems, Inc		11,105,711
13,300		Cooper Industries Ltd (Class A)		412,965
4,500	*	Cree, Inc		132,255
103,400	*	Cypress Semiconductor Corp		951,280
50	*	First Solar, Inc		8,106
4,000		Harris Corp		113,440
49,721	*	Integrated Device Technology, Inc		300,315
175,300		Intel Corp		2,901,215
35,800	*	JDS Uniphase Corp		204,776
12,350		L-3 Communications Holdings, Inc		856,843
26,100		Linear Technology Corp		609,435
174,900	*	Marvell Technology Group Ltd		2,035,836
86,800	*	Micron Technology, Inc		439,208
10,400		National Semiconductor Corp		130,520
65,800	*	NetApp, Inc		1,297,576

257

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
29,800	*	Novellus Systems, Inc	$	497,660
95,600	*	Nvidia Corp		1,079,324
15,600	*	ON Semiconductor Corp		107,016
14,578	*	QLogic Corp		184,849
121,100		Qualcomm, Inc		5,473,720
6,600	*	Silicon Laboratories, Inc		250,404
75,202	*	Sirius XM Radio, Inc		32,337
1,400		Teleflex, Inc		62,762
214,000		Texas Instruments, Inc		4,558,200
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		47,319,772
ENGINEERING AND MANAGEMENT SERVICES - 2.58%
117,900		Accenture Ltd (Class A)		3,944,934
4,100	*	Aecom Technology Corp		131,200
34,600		Fluor Corp		1,774,634
6,700	*	Gen-Probe, Inc		287,966
24,300	*	Hewitt Associates, Inc (Class A)		723,654
28,700	*	Jacobs Engineering Group, Inc		1,207,983
14,248	*	Myriad Genetics, Inc		507,941
400		Paychex, Inc		10,080
43,602	*	SAIC, Inc		808,817
15,900	*	Shaw Group, Inc		435,819
11,955	*	URS Corp		592,012
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		10,425,040
FABRICATED METAL PRODUCTS - 0.12%
17,100	*	Crown Holdings, Inc		412,794
1,950		Parker Hannifin Corp		83,772
		TOTAL FABRICATED METAL PRODUCTS		496,566
FOOD AND KINDRED PRODUCTS - 4.77%
57,450		Archer Daniels Midland Co		1,537,937
69,900		Campbell Soup Co		2,056,458
112,000		Coca-Cola Co		5,374,880
22,600		Coca-Cola Enterprises, Inc		376,290
5,500		Flowers Foods, Inc		120,120
35,300		General Mills, Inc		1,977,506
7,400		H.J. Heinz Co		264,180
4,500	*	Hansen Natural Corp		138,690
1,300		Hershey Co		46,800
600		Hormel Foods Corp		20,724
10,100		Kellogg Co		470,357
5,700	*	Mead Johnson Nutrition Co		181,089
9,700		Pepsi Bottling Group, Inc		328,248
117,000		PepsiCo, Inc		6,430,320
		TOTAL FOOD AND KINDRED PRODUCTS		19,323,599
FOOD STORES - 0.56%
102,200		Kroger Co		2,253,510
200	*	Panera Bread Co (Class A)		9,972
		TOTAL FOOD STORES		2,263,482

258

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
FURNITURE AND HOME FURNISHINGS STORES - 0.55%
4,800	*	Bed Bath & Beyond, Inc	$	147,600
43,900		Best Buy Co, Inc		1,470,211
23,500	*	GameStop Corp (Class A)		517,235
5,700		RadioShack Corp		79,572
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		2,214,618
GENERAL BUILDING CONTRACTORS - 0.06%
29,200		Pulte Homes, Inc		257,836
		TOTAL GENERAL BUILDING CONTRACTORS		257,836
GENERAL MERCHANDISE STORES - 3.50%
6,900	*	Big Lots, Inc		145,107
800	*	BJ's Wholesale Club, Inc		25,784
1,500		Costco Wholesale Corp		68,550
24,050		Family Dollar Stores, Inc		680,615
63,200		Target Corp		2,494,504
45,700		TJX Companies, Inc		1,437,722
191,700		Wal-Mart Stores, Inc		9,285,947
		TOTAL GENERAL MERCHANDISE STORES		14,138,229
HEALTH SERVICES - 2.08%
53,500		AmerisourceBergen Corp		949,090
18,600	*	Coventry Health Care, Inc		348,006
40,850	*	Express Scripts, Inc		2,808,438
100	*	Laboratory Corp of America Holdings		6,779
21,800		McKesson Corp		959,200
74,300	*	Medco Health Solutions, Inc		3,388,823
		TOTAL HEALTH SERVICES		8,460,336
HOLDING AND OTHER INVESTMENT OFFICES - 1.43%
9,700		Apartment Investment & Management Co (Class A)		85,845
89,751		iShares Russell 1000 Growth Index Fund		3,682,484
44,800		Plum Creek Timber Co, Inc		1,334,144
7,300		Simon Property Group, Inc		375,439
18,400		WABCO Holdings, Inc		325,680
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		5,803,592
HOTELS AND OTHER LODGING PLACES - 0.19%
28,201		Marriott International, Inc (Class A)		622,392
24,300	*	MGM Mirage		155,277
		TOTAL HOTELS AND OTHER LODGING PLACES		777,669
INDUSTRIAL MACHINERY AND EQUIPMENT - 7.64%
2,000		Bucyrus International, Inc (Class A)		57,120
8,182		Carlisle Cos, Inc		196,695
2,400		Caterpillar, Inc		79,296
15,600		Cummins, Inc		549,276
78,700	*	Dell, Inc		1,080,551
43,600		Dover Corp		1,442,724

259

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
29,400	*	Dresser-Rand Group, Inc	$	767,340
28,200	*	FMC Technologies, Inc		1,059,756
173,600		Hewlett-Packard Co		6,709,640
5,400	*	Ingersoll-Rand plc		112,860
122,800		International Business Machines Corp		12,822,776
11,100		ITT Industries, Inc		493,950
29,200		Jabil Circuit, Inc		216,664
37,900		Joy Global, Inc		1,353,788
10,200		Lennox International, Inc		327,522
100	*	Micros Systems, Inc		2,532
31,600		Raytheon Co		1,403,988
750		SPX Corp		36,728
19,200	*	Teradata Corp		449,856
1,750		Timken Co		29,890
66,350	*	Western Digital Corp		1,758,275
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		30,951,227
INSTRUMENTS AND RELATED PRODUCTS - 5.06%
34,500	*	Agilent Technologies, Inc		700,695
900		Allergan, Inc		42,822
31,300		Bard (C.R.), Inc		2,330,285
37,600		Baxter International, Inc		1,991,296
7,100		Beckman Coulter, Inc		405,694
21,200		Becton Dickinson & Co		1,511,772
2,400		Danaher Corp		148,176
73,000		Emerson Electric Co		2,365,200
35,700	*	Flir Systems, Inc		805,392
46,500		Garmin Ltd		1,107,630
8,600	*	Illumina, Inc		334,884
2,300	*	Intuitive Surgical, Inc		376,418
114,200		Medtronic, Inc		3,984,438
1,600	*	Mettler-Toledo International, Inc		123,440
7,700	*	Millipore Corp		540,617
4,900		PerkinElmer, Inc		85,260
100	*	Resmed, Inc		4,073
14,600	*	St. Jude Medical, Inc		600,060
30,600		Stryker Corp		1,216,044
7,200		Techne Corp		459,432
4,800	*	Thermo Electron Corp		195,696
11,400	*	Trimble Navigation Ltd		223,782
18,200	*	Waters Corp		936,754
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		20,489,860
INSURANCE AGENTS, BROKERS AND SERVICE - 0.04%
2,500		Arthur J. Gallagher & Co		53,350
5,100		Brown & Brown, Inc		101,643
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		154,993
INSURANCE CARRIERS - 1.11%
20,700		Aetna, Inc		518,535
47,900		Aflac, Inc		1,489,211
5,700		Cigna Corp		137,313

260

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
1,500		Erie Indemnity Co (Class A)	$	53,640
7,100	*	Humana, Inc		229,046
25,250		Principal Financial Group		475,710
26,700		Prudential Financial, Inc		993,774
500		Transatlantic Holdings, Inc		21,665
18,500		UnitedHealth Group, Inc		462,130
1,800	*	WellPoint, Inc		91,602
		TOTAL INSURANCE CARRIERS		4,472,626
LEATHER AND LEATHER PRODUCTS - 0.32%
48,200		Coach, Inc		1,295,616
		TOTAL LEATHER AND LEATHER PRODUCTS		1,295,616
METAL MINING - 0.68%
20,600		Cleveland-Cliffs, Inc		504,082
54,150		Newmont Mining Corp		2,213,111
900		Royal Gold, Inc		37,530
		TOTAL METAL MINING		2,754,723
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.22%
36,700		Hasbro, Inc		889,608
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		889,608
MISCELLANEOUS RETAIL - 2.25%
25,500	*	Amazon.com, Inc		2,133,330
30,300		CVS Corp		965,661
19,100	*	Dollar Tree, Inc		804,110
9,200	*	Marvel Entertainment, Inc		327,428
6,300		MSC Industrial Direct Co (Class A)		223,524
35,800		Petsmart, Inc		768,268
6,500	*	Priceline.com, Inc		725,075
35,700		Staples, Inc		720,069
81,300		Walgreen Co		2,390,220
		TOTAL MISCELLANEOUS RETAIL		9,057,685
MOTION PICTURES - 0.10%
600	*	Discovery Communications, Inc (Class C)		12,318
500	*	Macrovision Solutions Corp		10,905
14,900		Time Warner, Inc		375,331
		TOTAL MOTION PICTURES		398,554
NONDEPOSITORY INSTITUTIONS - 0.20%
32,600		American Express Co		757,624
1,500		Lender Processing Services, Inc		41,655
		TOTAL NONDEPOSITORY INSTITUTIONS		799,279
OIL AND GAS EXTRACTION - 1.54%
56,600	*	Cameron International Corp		1,601,780
2,750	*	Encore Acquisition Co		84,838
12,950	*	Key Energy Services, Inc		74,592
15,350	*	National Oilwell Varco, Inc		501,331

261

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
16,925		Occidental Petroleum Corp	$	1,113,834
33,172		Patterson-UTI Energy, Inc		426,592
32,400		Schlumberger Ltd		1,753,164
21,500		W&T Offshore, Inc		209,410
12,650		XTO Energy, Inc		482,471
		TOTAL OIL AND GAS EXTRACTION		6,248,012
PAPER AND ALLIED PRODUCTS - 0.87%
64,300		Kimberly-Clark Corp		3,371,249
9,700		Packaging Corp of America		157,140
		TOTAL PAPER AND ALLIED PRODUCTS		3,528,389
PERSONAL SERVICES - 0.27%
100		Cintas Corp		2,284
55,400		H&R Block, Inc		954,542
4,150		Weight Watchers International, Inc		106,946
		TOTAL PERSONAL SERVICES		1,063,772
PETROLEUM AND COAL PRODUCTS - 2.59%
5,350		Ashland, Inc		150,068
118,800		Exxon Mobil Corp		8,305,308
6,150		Hess Corp		330,563
24,350		Murphy Oil Corp		1,322,692
26,100		Tesoro Corp		332,253
		TOTAL PETROLEUM AND COAL PRODUCTS		10,440,884
PRIMARY METAL INDUSTRIES - 0.47%
10,750		Corning, Inc		172,645
19,100		Precision Castparts Corp		1,394,873
2,500		Schnitzer Steel Industries, Inc (Class A)		132,150
8,550		Steel Dynamics, Inc		125,942
2,550		United States Steel Corp		91,137
		TOTAL PRIMARY METAL INDUSTRIES		1,916,747
PRINTING AND PUBLISHING - 0.31%
2,100		Dun & Bradstreet Corp		170,541
36,500		McGraw-Hill Cos, Inc		1,099,015
		TOTAL PRINTING AND PUBLISHING		1,269,556
RAILROAD TRANSPORTATION - 0.50%
12,100		Norfolk Southern Corp		455,807
30,000		Union Pacific Corp		1,561,800
		TOTAL RAILROAD TRANSPORTATION		2,017,607
REAL ESTATE - 0.01%
3,000	*	CB Richard Ellis Group, Inc (Class A)		28,080
		TOTAL REAL ESTATE		28,080
SECURITY AND COMMODITY BROKERS - 1.95%
800		BlackRock, Inc		140,336
41,300		Broadridge Financial Solutions, Inc		684,754

262

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
83,100		Charles Schwab Corp	$	1,457,574
38,521	*	E*Trade Financial Corp		49,307
5,100		Goldman Sachs Group, Inc		751,944
5,900	*	IntercontinentalExchange, Inc		674,016
3,500		Janus Capital Group, Inc		39,900
4,800		Lazard Ltd (Class A)		129,216
29,200		Morgan Stanley		832,492
34,464	*	Nasdaq Stock Market, Inc		734,428
33,600		SEI Investments Co		606,144
1,900		T Rowe Price Group, Inc		79,173
99,416	*	TD Ameritrade Holding Corp		1,743,756
		TOTAL SECURITY AND COMMODITY BROKERS		7,923,040
STONE, CLAY, AND GLASS PRODUCTS - 1.16%
72,400		3M Co		4,351,240
12,700	*	Owens-Illinois, Inc		355,727
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		4,706,967
TOBACCO PRODUCTS - 2.56%
185,400		Altria Group, Inc		3,038,706
5,300		Lorillard, Inc		359,181
159,600		Philip Morris International, Inc		6,961,752
		TOTAL TOBACCO PRODUCTS		10,359,639
TRANSPORTATION BY AIR - 0.20%
2,200	*	AMR Corp		8,844
12,800		Copa Holdings S.A. (Class A)		522,496
50,700	*	Delta Air Lines, Inc		293,553
		TOTAL TRANSPORTATION BY AIR		824,893
TRANSPORTATION EQUIPMENT - 2.84%
8,400		Goodrich Corp		419,748
77,900		Honeywell International, Inc		2,446,060
40,700		Lockheed Martin Corp		3,282,455
400	*	Navistar International Corp		17,440
28,050		Oshkosh Truck Corp		407,847
1,600		Thor Industries, Inc		29,392
95,400		United Technologies Corp		4,956,983
		TOTAL TRANSPORTATION EQUIPMENT		11,559,925
TRANSPORTATION SERVICES - 0.49%
28,900		CH Robinson Worldwide, Inc		1,507,135
10,700		Expeditors International Washington, Inc		356,738
10,200		UTI Worldwide, Inc		116,280
		TOTAL TRANSPORTATION SERVICES		1,980,153
TRUCKING AND WAREHOUSING - 0.91%
9,900		Landstar System, Inc		355,509
66,800		United Parcel Service, Inc (Class B)		3,339,332
		TOTAL TRUCKING AND WAREHOUSING		3,694,841

263

TIAA-CREF FUNDS- Enhanced Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
WHOLESALE TRADE-DURABLE GOODS - 0.14%
7,600	*	Arrow Electronics, Inc	$	161,424
16,700	*	WESCO International, Inc		418,168
		TOTAL WHOLESALE TRADE-DURABLE GOODS		579,592
WHOLESALE TRADE-NONDURABLE GOODS - 1.44%
1,416		Airgas, Inc		57,390
5,500		Allscripts Healthcare Solutions, Inc		87,230
75,500	*	Dean Foods Co		1,448,845
22,164	*	Endo Pharmaceuticals Holdings, Inc		397,179
1,000	*	Green Mountain Coffee Roasters, Inc		59,120
800	*	Henry Schein, Inc		38,360
22,500		Herbalife Ltd		709,650
108,400		Sysco Corp		2,436,832
24,500		Terra Industries, Inc		593,390
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		5,827,996
		TOTAL COMMON STOCKS		403,351,393
		(Cost $403,415,108)
		TOTAL INVESTMENTS - 99.61%		403,351,393
		(Cost $403,415,108)
		OTHER ASSETS AND LIABILITIES, NET - 0.39%		1,586,035
		NET ASSETS - 100.00%	$	404,937,428
		The following abbreviations are used in portfolio descriptions:
		plc - Public Limited Company
	*	Non-income producing.

264

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund
TIAA-CREF FUNDS
ENHANCED LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.42%
AMUSEMENT AND RECREATION SERVICES - 0.91%
7,165		International Speedway Corp (Class A)	$	183,495
5,550	*	Penn National Gaming, Inc		161,561
126,864		Walt Disney Co		2,959,737
19,900	*	Warner Music Group Corp		116,415
		TOTAL AMUSEMENT AND RECREATION SERVICES		3,421,208
APPAREL AND ACCESSORY STORES - 0.40%
46,408		Foot Locker, Inc		485,892
37,234		Gap, Inc		610,638
32,726		Limited Brands, Inc		391,730
		TOTAL APPAREL AND ACCESSORY STORES		1,488,260
APPAREL AND OTHER TEXTILE PRODUCTS - 0.33%
17,610		Phillips-Van Heusen Corp		505,231
13,401		VF Corp		741,745
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		1,246,976
AUTO REPAIR, SERVICES AND PARKING - 0.07%
82	*	Hertz Global Holdings, Inc		655
9,777		Ryder System, Inc		272,974
		TOTAL AUTO REPAIR, SERVICES AND PARKING		273,629
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.23%
29,673	*	Autonation, Inc		514,826
21,651		Penske Auto Group, Inc		360,273
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		875,099
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.97%
83,932		Home Depot, Inc		1,983,313
83,933		Lowe's Cos, Inc		1,629,140
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		3,612,453
BUSINESS SERVICES - 1.52%
34,130	*	Activision Blizzard, Inc		431,062
25,232		CA, Inc		439,794
3,537	*	Computer Sciences Corp		156,689
26,378	*	Compuware Corp		180,953
18,346	*	DST Systems, Inc		677,885
82,610	*	eBay, Inc		1,415,109
9,068		Equifax, Inc		236,675
69,403		IMS Health, Inc		881,418
16,191		Manpower, Inc		685,526
25,412	*	NCR Corp		300,624

265

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund
SHARES		COMPANY		VALUE
2,360		Omnicom Group, Inc	$	74,529
8,609	*	Symantec Corp		133,956
50,150	*	Unisys Corp		75,727
		TOTAL BUSINESS SERVICES		5,689,947
CHEMICALS AND ALLIED PRODUCTS - 9.25%
8,827		Alberto-Culver Co		224,471
7,231	*	Amgen, Inc		382,809
75,104		Bristol-Myers Squibb Co		1,525,362
20,856		Cabot Corp		262,368
6,800		CF Industries Holdings, Inc		504,152
110,683		Dow Chemical Co		1,786,424
2,580		Eastman Chemical Co		97,782
61,569		Eli Lilly & Co		2,132,750
78,664	*	Forest Laboratories, Inc		1,975,253
13,980		Huntsman Corp		70,319
50,831		Johnson & Johnson		2,887,201
85,748	*	King Pharmaceuticals, Inc		825,753
94,179		Merck & Co, Inc		2,633,245
17,980	*	Pactiv Corp		390,166
523,975		Pfizer, Inc		7,859,625
65,856		Procter & Gamble Co		3,365,241
88,384		Schering-Plough Corp		2,220,206
4,560		Sherwin-Williams Co		245,100
26,241		Valspar Corp		591,210
102,495		Wyeth		4,652,248
		TOTAL CHEMICALS AND ALLIED PRODUCTS		34,631,685
COMMUNICATIONS - 8.45%
445,020		AT&T, Inc		11,054,296
106,562		CBS Corp (Class B)		737,409
24,556		CenturyTel, Inc		753,869
221,552		Comcast Corp (Class A)		3,210,289
65,900	*	DISH Network Corp (Class A)		1,068,239
31,412		Embarq Corp		1,321,189
217	*	Liberty Global, Inc (Series C)		3,431
12,775	*	Liberty Media Corp - Capital (Series A)		173,229
30,740	*	Liberty Media Corp - Entertainment (Series A)		822,295
70,047	*	Liberty Media Holding Corp (Interactive A)		350,935
83,550		Qwest Communications International, Inc		346,733
8,135		Scripps Networks Interactive (Class A)		226,397
272,884	*	Sprint Nextel Corp		1,312,572
22,527		Time Warner Cable, Inc		713,430
5,561	*	US Cellular Corp		213,820
243,966		Verizon Communications, Inc		7,497,075
61,814	*	Viacom, Inc (Class B)		1,403,178
61,977		Windstream Corp		518,128
		TOTAL COMMUNICATIONS		31,726,514
DEPOSITORY INSTITUTIONS - 11.55%
687,375		Bank of America Corp		9,073,350
3,985		Bank of Hawaii Corp		142,783

266

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
53,918		Bank of New York Mellon Corp	$	1,580,337
25,286		BB&T Corp		555,786
496,188		Citigroup, Inc		1,473,678
6,355		Cullen/Frost Bankers, Inc		293,093
49,806		Fifth Third Bancorp		353,623
479		First Citizens Bancshares, Inc (Class A)		64,018
35,870	*	First Horizon National Corp		430,440
54,490		Hudson City Bancorp, Inc		724,172
351,692		JPMorgan Chase & Co		11,996,213
4,622		M&T Bank Corp		235,398
13,272		Marshall & Ilsley Corp		63,706
18,780		People's United Financial, Inc		282,451
53,685		PNC Financial Services Group, Inc		2,083,515
78,620		Regions Financial Corp		317,625
28,994		State Street Corp		1,368,517
55,888		SunTrust Banks, Inc		919,358
157,451		US Bancorp		2,821,522
6,459		Valley National Bancorp		75,570
345,401		Wells Fargo & Co		8,379,428
5,444		Zions Bancorporation		62,933
		TOTAL DEPOSITORY INSTITUTIONS		43,297,516
ELECTRIC, GAS, AND SANITARY SERVICES - 7.57%
40,660	*	AES Corp		472,063
6,340		AGL Resources, Inc		201,612
7,619		Alliant Energy Corp		199,084
6,019		Ameren Corp		149,813
78,353		American Electric Power Co, Inc		2,263,618
26,373		Atmos Energy Corp		660,380
29,647		Centerpoint Energy, Inc		328,489
4,269		Constellation Energy Group, Inc		113,470
15,934		DTE Energy Co		509,888
160,032		Duke Energy Corp		2,334,866
56,127		Edison International		1,765,755
18,830		El Paso Corp		173,801
22,773		Energen Corp		908,643
11,582		Entergy Corp		897,837
32,938		Exelon Corp		1,686,755
32,378		FirstEnergy Corp		1,254,648
25,762		FPL Group, Inc		1,464,827
11,089		Hawaiian Electric Industries, Inc		211,356
10,780		National Fuel Gas Co		388,942
29,923		Northeast Utilities		667,582
37,877	*	NRG Energy, Inc		983,287
29,091		Pepco Holdings, Inc		390,983
40,123		PG&E Corp		1,542,328
21,538		Progress Energy, Inc		814,783
48,540		Public Service Enterprise Group, Inc		1,583,860
13,603		SCANA Corp		441,689
46,412		Sempra Energy		2,303,428
25,044		Southern Co		780,371
10		Southern Union Co		184

267

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
2,340		TECO Energy, Inc	$	27,916
41,546		UGI Corp		1,059,008
24,046		Wisconsin Energy Corp		978,913
45,505		Xcel Energy, Inc		837,747
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		28,397,926
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 5.16%
100,764	*	Atmel Corp		375,850
36,889	*	Avnet, Inc		775,776
18,784		Cooper Industries Ltd (Class A)		583,243
17,873		Eaton Corp		797,315
10,440	*	Fairchild Semiconductor International, Inc		72,976
899,826		General Electric Co		10,545,961
2,812		Harman International Industries, Inc		52,866
58,005	*	Integrated Device Technology, Inc		350,350
125,045		Intel Corp		2,069,494
19,708	*	JDS Uniphase Corp		112,730
13,314		L-3 Communications Holdings, Inc		923,725
16,930	*	LSI Logic Corp		77,201
29,180	*	Marvell Technology Group Ltd		339,655
36,183	*	Novellus Systems, Inc		604,256
71,431	*	Tellabs, Inc		409,300
31,952	*	Thomas & Betts Corp		922,135
59,261	*	Vishay Intertechnology, Inc		402,382
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		19,415,215
ENGINEERING AND MANAGEMENT SERVICES - 0.10%
4,650		KBR, Inc		85,746
16,259	*	SAIC, Inc		301,604
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		387,350
FABRICATED METAL PRODUCTS - 0.43%
1,608		Crane Co		35,874
40,811		Illinois Tool Works, Inc		1,523,883
1,001		Stanley Works		33,874
		TOTAL FABRICATED METAL PRODUCTS		1,593,631
FOOD AND KINDRED PRODUCTS - 3.18%
71,701		Archer Daniels Midland Co		1,919,436
15,022		Bunge Ltd		905,076
22,909		Coca-Cola Co		1,099,403
35,399		Coca-Cola Enterprises, Inc		589,393
15,660	*	Constellation Brands, Inc (Class A)		198,569
1,088		Corn Products International, Inc		29,148
73,434		Del Monte Foods Co		688,811
6,578	*	Dr Pepper Snapple Group, Inc		139,388
29,023		General Mills, Inc		1,625,868
6,308		Hershey Co		227,088
40		J.M. Smucker Co		1,946
110,220		Kraft Foods, Inc (Class A)		2,792,974
593		Molson Coors Brewing Co (Class B)		25,102
3,220		Pepsi Bottling Group, Inc		108,965

268

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
23,580		PepsiAmericas, Inc	$	632,180
4,700	*	Ralcorp Holdings, Inc		286,324
17,343		Reynolds American, Inc		669,787
		TOTAL FOOD AND KINDRED PRODUCTS		11,939,458
FOOD STORES - 0.25%
27,990		Safeway, Inc		570,157
27,433		Supervalu, Inc		355,257
		TOTAL FOOD STORES		925,414
FORESTRY - 0.04%
4,550		Rayonier, Inc		165,393
		TOTAL FORESTRY		165,393
FURNITURE AND FIXTURES - 0.01%
3,431		Masco Corp		32,869
		TOTAL FURNITURE AND FIXTURES		32,869
FURNITURE AND HOME FURNISHINGS STORES - 0.08%
22,291		RadioShack Corp		311,182
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		311,182
GENERAL BUILDING CONTRACTORS - 0.73%
50,040		Centex Corp		423,338
34,889		DR Horton, Inc		326,561
10,607		KB Home		145,104
18,604		Lennar Corp (Class A)		180,273
24,562		MDC Holdings, Inc		739,562
62,689		Pulte Homes, Inc		553,544
19,497	*	Toll Brothers, Inc		330,864
		TOTAL GENERAL BUILDING CONTRACTORS		2,699,246
GENERAL MERCHANDISE STORES - 0.18%
1,873		Family Dollar Stores, Inc		53,006
34,865		Macy's, Inc		410,012
4,457		Wal-Mart Stores, Inc		215,897
		TOTAL GENERAL MERCHANDISE STORES		678,915
HEALTH SERVICES - 0.48%
71,395	*	Coventry Health Care, Inc		1,335,801
2,862	*	Lincare Holdings, Inc		67,314
2,270		McKesson Corp		99,880
3,277	*	Pediatrix Medical Group, Inc		138,060
3,124		Universal Health Services, Inc (Class B)		152,607
		TOTAL HEALTH SERVICES		1,793,662
HOLDING AND OTHER INVESTMENT OFFICES - 2.55%
66,326		Annaly Mortgage Management, Inc		1,004,177
56,256		Apartment Investment & Management Co (Class A)		497,866
5,300		AvalonBay Communities, Inc		296,482
11,112		Boston Properties, Inc		530,042

269

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
43,219		Brandywine Realty Trust	$	321,982
14,357		Camden Property Trust		396,253
4,920		Corporate Office Properties Trust		144,304
3,658		Douglas Emmett, Inc		32,885
67,583		Duke Realty Corp		592,703
23,425		Equity Residential		520,738
4,174		Health Care REIT, Inc		142,333
77,588		Host Marriott Corp		650,963
77,105		HRPT Properties Trust		313,046
21,600		iShares Russell 1000 Value Index Fund		1,028,161
23,094		Kimco Realty Corp		232,095
21,433		Mack-Cali Realty Corp		488,672
14,292		Nationwide Health Properties, Inc		367,876
9,421		Plum Creek Timber Co, Inc		280,557
3,340		Public Storage, Inc		218,703
15,080		Simon Property Group, Inc		775,564
1,050		Ventas, Inc		31,353
29,827		Virgin Media, Inc		278,882
7,810		Vornado Realty Trust		351,684
5,100		WABCO Holdings, Inc		90,270
1,161		Weingarten Realty Investors		16,846
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		9,604,437
HOTELS AND OTHER LODGING PLACES - 0.13%
18,320		Marriott International, Inc (Class A)		404,322
11,250	*	MGM Mirage		71,888
		TOTAL HOTELS AND OTHER LODGING PLACES		476,210
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.62%
7,903	*	AGCO Corp		229,740
4,830		Bucyrus International, Inc (Class A)		137,945
28,480		Carlisle Cos, Inc		684,659
3,456		Diebold, Inc		91,100
43,853		Dover Corp		1,451,096
146,654	*	EMC Corp		1,921,167
28,817	*	Gardner Denver, Inc		725,324
49,970		Hewlett-Packard Co		1,931,341
10,896		ITT Industries, Inc		484,872
11,210		Joy Global, Inc		400,421
51,107		Northrop Grumman Corp		2,334,568
7,793	*	Oil States International, Inc		188,669
20,570		Pitney Bowes, Inc		451,100
15,176		Raytheon Co		674,270
8,861	*	SanDisk Corp		130,168
42,058	*	Teradata Corp		985,419
1,809	*	Terex Corp		21,835
31,656		Timken Co		540,684
8,900	*	Western Digital Corp		235,850
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		13,620,228
INSTRUMENTS AND RELATED PRODUCTS - 1.35%
106,756	*	Boston Scientific Corp		1,082,506

270

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
9,502		Danaher Corp	$	586,653
9,840		Garmin Ltd		234,389
4,523	*	Hologic, Inc		64,362
8,730		Kla-Tencor Corp		220,433
34,988	*	Teradyne, Inc		240,018
22,461	*	Thermo Electron Corp		915,734
91,841		Xerox Corp		595,130
25,746	*	Zimmer Holdings, Inc		1,096,780
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		5,036,005
INSURANCE AGENTS, BROKERS AND SERVICE - 0.34%
16,764		AON Corp		634,853
28,911		Brown & Brown, Inc		576,196
6,204		Hartford Financial Services Group, Inc		73,641
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		1,284,690
INSURANCE CARRIERS - 6.38%
41,753		Aetna, Inc		1,045,913
20,903		Allied World Assurance Holdings Ltd		853,469
50,695		American Financial Group, Inc		1,093,998
466		American National Insurance Co		35,220
21,176	*	Arch Capital Group Ltd		1,240,490
15,070		Aspen Insurance Holdings Ltd		336,664
23,021		Assurant, Inc		554,576
57,303		Axis Capital Holdings Ltd		1,500,193
51,715		Chubb Corp		2,062,395
37,363		Cigna Corp		900,075
9,092		Cincinnati Financial Corp		203,206
1,354		Everest Re Group Ltd		96,906
28,953		Genworth Financial, Inc (Class A)		202,381
31,610		HCC Insurance Holdings, Inc		758,956
19,745	*	Humana, Inc		636,974
4,815		Lincoln National Corp		82,866
74,306		Metlife, Inc		2,229,924
7,000		Old Republic International Corp		68,950
2,377		Protective Life Corp		27,193
36,755		Prudential Financial, Inc		1,368,021
20,102		Stancorp Financial Group, Inc		576,525
15,861		Torchmark Corp		587,491
6,112		Transatlantic Holdings, Inc		264,833
37,853		Travelers Cos, Inc		1,553,487
110,753		UnitedHealth Group, Inc		2,766,609
43,786		UnumProvident Corp		694,446
31,845		W.R. Berkley Corp		683,712
30,028	*	WellPoint, Inc		1,528,125
		TOTAL INSURANCE CARRIERS		23,953,598
METAL MINING - 0.36%
45,890		Cleveland-Cliffs, Inc		1,122,928
4,420		Freeport-McMoRan Copper & Gold, Inc (Class B)		221,486
		TOTAL METAL MINING		1,344,414

271

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.23%
29,428		Hasbro, Inc	$	713,335
7,288	*	Jarden Corp		136,650
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		849,985
MISCELLANEOUS RETAIL - 0.85%
76,017		CVS Corp		2,422,661
91,466	*	Office Depot, Inc		417,085
217,260	*	Rite Aid Corp		328,063
		TOTAL MISCELLANEOUS RETAIL		3,167,809
MOTION PICTURES - 1.02%
4,520	*	Discovery Communications, Inc (Class A)		101,926
624	*	Discovery Communications, Inc (Class C)		12,811
125,288		News Corp (Class A)		1,141,374
101,526		Time Warner, Inc		2,557,439
		TOTAL MOTION PICTURES		3,813,550
NONDEPOSITORY INSTITUTIONS - 1.15%
85,326		American Express Co		1,982,975
5,954	*	AmeriCredit Corp		80,677
14,350		Capital One Financial Corp		313,978
64,402		CapitalSource, Inc		314,282
113,191		Discover Financial Services		1,162,472
12,728		Lender Processing Services, Inc		353,457
12,950	*	SLM Corp		132,997
		TOTAL NONDEPOSITORY INSTITUTIONS		4,340,838
OIL AND GAS EXTRACTION - 6.65%
60,937		Anadarko Petroleum Corp		2,765,930
20,102		Apache Corp		1,450,359
42,931		Chesapeake Energy Corp		851,322
8,920	*	Comstock Resources, Inc		294,806
26,606		Devon Energy Corp		1,450,027
15,368	*	Encore Acquisition Co		474,103
27,579		ENSCO International, Inc		961,680
20,910		EOG Resources, Inc		1,420,207
31,320		Halliburton Co		648,324
18,548	*	Nabors Industries Ltd		288,978
55,520	*	National Oilwell Varco, Inc		1,813,283
14,493		Noble Energy, Inc		854,652
83,400		Occidental Petroleum Corp		5,488,555
32,186		Patterson-UTI Energy, Inc		413,912
23,182	*	Pride International, Inc		580,941
4,080		Range Resources Corp		168,953
12,597		Rowan Cos, Inc		243,374
41,110		Schlumberger Ltd		2,224,462
16,366		Tidewater, Inc		701,610
48,381		XTO Energy, Inc		1,845,251
		TOTAL OIL AND GAS EXTRACTION		24,940,729

272

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund
SHARES	COMPANY		VALUE
PAPER AND ALLIED PRODUCTS - 0.59%
88,165	International Paper Co	$	1,333,936
4,391	Kimberly-Clark Corp		230,220
27,927	Sonoco Products Co		668,852
	TOTAL PAPER AND ALLIED PRODUCTS		2,233,008
PERSONAL SERVICES - 0.11%
9,809	Cintas Corp		224,037
7,044	Weight Watchers International, Inc		181,524
	TOTAL PERSONAL SERVICES		405,561
PETROLEUM AND COAL PRODUCTS - 12.29%
22,896	Ashland, Inc		642,233
178,285	Chevron Corp		11,811,381
129,767	ConocoPhillips		5,458,000
309,426	Exxon Mobil Corp		21,631,972
14,000	Hess Corp		752,500
84,114	Marathon Oil Corp		2,534,355
36,160	Murphy Oil Corp		1,964,211
28,684	Tesoro Corp		365,147
56,751	Valero Energy Corp		958,524
	TOTAL PETROLEUM AND COAL PRODUCTS		46,118,323
PIPELINES, EXCEPT NATURAL GAS - 0.00%**
81	Spectra Energy Corp		1,371
	TOTAL PIPELINES, EXCEPT NATURAL GAS		1,371
PRIMARY METAL INDUSTRIES - 0.69%
14,010	Alcoa, Inc		144,723
12,936	Carpenter Technology Corp		269,198
30,530	Corning, Inc		490,312
7,273	Nucor Corp		323,139
160	Schnitzer Steel Industries, Inc (Class A)		8,458
71,082	Steel Dynamics, Inc		1,047,038
8,100	United States Steel Corp		289,494
	TOTAL PRIMARY METAL INDUSTRIES		2,572,362
PRINTING AND PUBLISHING - 0.13%
12,081	McGraw-Hill Cos, Inc		363,759
10,403	R.R. Donnelley & Sons Co		120,883
	TOTAL PRINTING AND PUBLISHING		484,642
RAILROAD TRANSPORTATION - 1.47%
12,010	Burlington Northern Santa Fe Corp		883,215
43,700	CSX Corp		1,513,331
45,131	Norfolk Southern Corp		1,700,085
27,000	Union Pacific Corp		1,405,620
	TOTAL RAILROAD TRANSPORTATION		5,502,251
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.27%
12,098	Newell Rubbermaid, Inc		125,940

273

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
48,253		Sealed Air Corp	$	890,268
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		1,016,208
SECURITY AND COMMODITY BROKERS - 3.36%
10,543		Ameriprise Financial, Inc		255,879
1,770		BlackRock, Inc		310,493
3,130		CME Group, Inc		973,774
3,230		Franklin Resources, Inc		232,592
48,370		Goldman Sachs Group, Inc		7,131,673
25,996	*	Investment Technology Group, Inc		530,058
93,837		Morgan Stanley		2,675,293
80	*	Nasdaq Stock Market, Inc		1,705
2,880		NYSE Euronext		78,480
23,380		Raymond James Financial, Inc		402,370
		TOTAL SECURITY AND COMMODITY BROKERS		12,592,317
SPECIAL TRADE CONTRACTORS - 0.05%
7,660	*	Quanta Services, Inc		177,176
		TOTAL SPECIAL TRADE CONTRACTORS		177,176
TEXTILE MILL PRODUCTS - 0.06%
6,644	*	Mohawk Industries, Inc		237,058
		TOTAL TEXTILE MILL PRODUCTS		237,058
TOBACCO PRODUCTS - 0.08%
4,451		Lorillard, Inc		301,644
		TOTAL TOBACCO PRODUCTS		301,644
TRANSPORTATION BY AIR - 0.27%
7,763		Copa Holdings S.A. (Class A)		316,886
12,375		FedEx Corp		688,297
		TOTAL TRANSPORTATION BY AIR		1,005,183
TRANSPORTATION EQUIPMENT - 2.00%
13,589		Autoliv, Inc		390,956
27,090		Boeing Co		1,151,325
264,421	*	Ford Motor Co		1,605,034
47,897		General Dynamics Corp		2,653,015
10,080		Harley-Davidson, Inc		163,397
22,241		Oshkosh Truck Corp		323,384
24,735	*	TRW Automotive Holdings Corp		279,506
17,728		United Technologies Corp		921,147
		TOTAL TRANSPORTATION EQUIPMENT		7,487,764
TRANSPORTATION SERVICES - 0.03%
10,480		UTI Worldwide, Inc		119,472
		TOTAL TRANSPORTATION SERVICES		119,472
WATER TRANSPORTATION - 0.01%
1,258		Teekay Corp		26,456
		TOTAL WATER TRANSPORTATION		26,456

274

TIAA-CREF FUNDS- Enhanced Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
WHOLESALE TRADE-DURABLE GOODS - 1.08%
42,630	*	Arrow Electronics, Inc		$	905,461
60,381	*	Ingram Micro, Inc (Class A)			1,056,668
34,515		Reliance Steel & Aluminum Co			1,325,031
31,104	*	WESCO International, Inc			778,844
		TOTAL WHOLESALE TRADE-DURABLE GOODS			4,066,004
WHOLESALE TRADE-NONDURABLE GOODS - 0.41%
6,710		Airgas, Inc			271,957
18,780		Cardinal Health, Inc			573,729
11,997	*	Dean Foods Co			230,222
22,167	*	Endo Pharmaceuticals Holdings, Inc			397,233
2,860		Terra Industries, Inc			69,269
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS			1,542,410
		TOTAL COMMON STOCKS			372,925,251
		(Cost $402,486,675)
SHORT -TERM INVESTMENTS - 3.14%
			MATURITY
PRINCIPAL		ISSUER	DATE
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 3.14%
$11,790,000		Federal Home Loan Bank (FHLB)	07/01/09		11,790,000
		TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES			11,790,000
		TOTAL SHORT-TERM INVESTMENTS			11,790,000
		(Cost $11,790,000)
		TOTAL INVESTMENTS - 102.56%			384,715,251
		(Cost $414,276,675)
		OTHER ASSETS AND LIABILITIES, NET - (2.56)%			(9,587,503	)
		NET ASSETS - 100.00%		$	375,127,748
	*	Non-income producing.
	**	Percentage represents less than 0.01%.

275

TIAA-CREF FUNDS - Social Choice Equity Fund
TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 99.27%
AMUSEMENT AND RECREATION SERVICES - 0.89%
2,420	*	Electronic Arts, Inc	$	52,562
221,510		Walt Disney Co		5,167,829
		TOTAL AMUSEMENT AND RECREATION SERVICES		5,220,391
APPAREL AND ACCESSORY STORES - 0.63%
12,033		American Eagle Outfitters, Inc		170,508
933	*	AnnTaylor Stores Corp		7,445
1,450		Cato Corp (Class A)		25,288
1,936	*	Charming Shoppes, Inc		7,202
7,029	*	Chico's FAS, Inc		68,392
8,780		Foot Locker, Inc		91,927
77,283		Gap, Inc		1,267,442
27,223	*	Kohl's Corp		1,163,783
42,078		Limited Brands, Inc		503,674
17,732		Nordstrom, Inc		352,689
1,873		Stage Stores, Inc		20,790
		TOTAL APPAREL AND ACCESSORY STORES		3,679,140
APPAREL AND OTHER TEXTILE PRODUCTS - 0.71%
77		Columbia Sportswear Co		2,381
4,748		Liz Claiborne, Inc		13,674
67,132		Nike, Inc (Class B)		3,476,095
5,265		Phillips-Van Heusen Corp		151,053
2,141		Polo Ralph Lauren Corp (Class A)		114,629
6,910		VF Corp		382,469
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		4,140,301
AUTO REPAIR, SERVICES AND PARKING - 0.03%
10,649	*	Hertz Global Holdings, Inc		85,086
1,721		Ryder System, Inc		48,050
2,319	*	Wright Express Corp		59,065
		TOTAL AUTO REPAIR, SERVICES AND PARKING		192,201
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.17%
533		Advance Auto Parts		22,114
4,971	*	Autozone, Inc		751,168
8,078	*	Carmax, Inc		118,747
1,431	*	Copart, Inc		49,613
2,611	*	Rush Enterprises, Inc (Class A)		30,418
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		972,060
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.21%
2,717		Fastenal Co		90,123

276

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
193,142		Home Depot, Inc	$	4,563,946
127,708		Lowe's Cos, Inc		2,478,812
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		7,132,881
BUSINESS SERVICES - 7.22%
32,236	*	3Com Corp		151,832
6,044	*	3D Systems Corp		43,577
626		Administaff, Inc		14,567
50,030	*	Adobe Systems, Inc		1,415,849
10,789	*	Akamai Technologies, Inc		206,933
6,174	*	Alliance Data Systems Corp		254,307
36,440	*	Art Technology Group, Inc		138,472
16,540	*	Autodesk, Inc		313,929
106,312		Automatic Data Processing, Inc		3,767,697
49	*	Avocent Corp		684
1,800	*	Blackboard, Inc		51,948
3,880	*	Blue Coat Systems, Inc		64,175
15,700	*	BPZ Energy, Inc		76,773
305		Brink's Co		8,854
4,688	*	Ciber, Inc		14,533
11,750	*	Cogent, Inc		126,078
600		Cognex Corp		8,478
15,948	*	Compuware Corp		109,403
9,356	*	COMSYS IT Partners, Inc		54,733
2,053	*	CSG Systems International, Inc		27,182
8,976	*	Deltek, Inc		38,956
2,857		Deluxe Corp		36,598
6,173	*	DivX, Inc		33,890
11,638	*	DST Systems, Inc		430,024
16,116	*	Earthlink, Inc		119,420
102,803	*	eBay, Inc		1,761,015
20,221	*	Expedia, Inc		305,539
3,385		Fair Isaac Corp		52,332
149	*	Gartner, Inc		2,274
989	*	Gerber Scientific, Inc		2,473
20,487	*	Google, Inc (Class A)		8,637,114
295	*	Hudson Highland Group, Inc		578
1,420		iGate Corp		9,400
21,557		IMS Health, Inc		273,774
11,824	*	Informatica Corp		203,255
42,677		Innovative Solutions & Support, Inc		190,766
1,537		Interactive Data Corp		35,566
5,595	*	Internap Network Services Corp		19,527
400	*	inVentiv Health, Inc		5,412
3,346	*	Ipass, Inc		5,354
9,529	*	Iron Mountain, Inc		273,959
8,233		Jack Henry & Associates, Inc		170,835
6,848	*	Lamar Advertising Co (Class A)		104,569
12,417	*	Lawson Software, Inc		69,287
2,066	*	Lionbridge Technologies		3,801
3,792	*	Liquidity Services, Inc		37,389
7,600	*	Magma Design Automation, Inc		11,096

277

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
3,859		Manpower, Inc	$	163,390
6,347		Marchex, Inc (Class B)		21,389
7,427	*	Mentor Graphics Corp		40,626
590,969		Microsoft Corp		14,047,333
5,413	*	ModusLink Global Solutions, Inc		37,133
60,232	*	MoneyGram International, Inc		107,213
11,481	*	Monster Worldwide, Inc		135,591
685	*	MPS Group, Inc		5,233
12,062	*	Network Equipment Technologies, Inc		51,384
22,052		NIC, Inc		149,292
47,902	*	Novell, Inc		216,996
55,426		Omnicom Group, Inc		1,750,353
1,800	*	Omniture, Inc		22,608
2,100	*	PDF Solutions, Inc		5,355
2,681		Pegasystems, Inc		70,725
1,100		QAD, Inc		3,575
17,622	*	Radisys Corp		158,774
8,052	*	RealNetworks, Inc		24,075
14,919	*	Red Hat, Inc		300,319
15,114		Robert Half International, Inc		356,993
8,479	*	S1 Corp		58,505
7,589	*	Salesforce.com, Inc		289,672
12,320	*	Sapient Corp		77,493
8,703	*	Smith Micro Software, Inc		85,463
3,590	*	SonicWALL, Inc		19,673
74,810	*	Sun Microsystems, Inc		689,748
3,652	*	Sybase, Inc		114,454
86,852	*	Symantec Corp		1,351,417
3,047	*	Synchronoss Technologies, Inc		37,387
21,975	*	TIBCO Software, Inc		157,561
8,903	*	TNS, Inc		166,931
31,564		Total System Services, Inc		422,642
2,880	*	TradeStation Group, Inc		24,365
3,040	*	Ultimate Software Group, Inc		73,690
5,036		United Online, Inc		32,784
5,055	*	Vasco Data Security International		36,952
457		Viad Corp		7,870
89,150	*	Yahoo!, Inc		1,396,089
		TOTAL BUSINESS SERVICES		42,395,260
CHEMICALS AND ALLIED PRODUCTS - 13.04%
45,290		Abbott Laboratories		2,130,442
48,153		Air Products & Chemicals, Inc		3,110,202
1,000		Alberto-Culver Co		25,430
3,462	*	Alexion Pharmaceuticals, Inc		142,357
12,000	*	Alexza Pharmaceuticals, Inc		28,440
2,038	*	Alkermes, Inc		22,051
119,736	*	Amgen, Inc		6,338,824
1,650	*	Amicus Therapeutics, Inc		18,893
1,775	*	Arena Pharmaceuticals, Inc		8,857
828	*	Array Biopharma, Inc		2,600
2,400	*	Auxilium Pharmaceuticals, Inc		75,312

278

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
26,412		Avery Dennison Corp	$	678,260
29,893		Avon Products, Inc		770,642
675		Balchem Corp		16,551
13,053	*	Biodel, Inc		67,353
36,253	*	Biogen Idec, Inc		1,636,823
8,101	*	BioMarin Pharmaceuticals, Inc		126,457
8,002	*	BioMimetic Therapeutics, Inc		73,938
243,764		Bristol-Myers Squibb Co		4,950,847
4,139	*	Calgon Carbon Corp		57,491
2,940	*	Cambrex Corp		12,113
2,700	*	Caraco Pharmaceutical Laboratories Ltd		8,289
3,549	*	Cell Genesys, Inc		1,036
1,130		Church & Dwight Co, Inc		61,370
8,607		Clorox Co		480,529
65,102		Colgate-Palmolive Co		4,605,315
3,345	*	Cypress Bioscience, Inc		31,510
13,313	*	Dendreon Corp		330,828
50,126	*	Durect Corp		119,300
47,802		Ecolab, Inc		1,863,800
533		Estee Lauder Cos (Class A)		17,413
30,434	*	Genzyme Corp		1,694,261
3,741	*	Geron Corp		28,693
108,294	*	Gilead Sciences, Inc		5,072,491
10,266		H.B. Fuller Co		192,693
10,049	*	Human Genome Sciences, Inc		28,740
6,287	*	Idexx Laboratories, Inc		290,459
2,774		Innophos Holdings, Inc		46,853
6,627	*	Inverness Medical Innovations, Inc		235,789
4,662	*	Invitrogen Corp		194,499
73,636	*	Javelin Pharmaceuticals, Inc		90,572
212,244		Johnson & Johnson		12,055,458
8,526		Lubrizol Corp		403,365
980	*	MAP Pharmaceuticals, Inc		11,976
4,492	*	Medarex, Inc		37,508
226,430		Merck & Co, Inc		6,330,983
3,569		Minerals Technologies, Inc		128,555
4,050	*	Molecular Insight Pharmaceuticals, Inc		20,939
6,500		Nalco Holding Co		109,460
5,898	*	Neurocrine Biosciences, Inc		19,051
9,339	*	Noven Pharmaceuticals, Inc		133,548
419	*	OraSure Technologies, Inc		1,035
10,130	*	Orexigen Therapeutics, Inc		51,967
3,207		PDL BioPharma, Inc		25,335
4,530	*	Penwest Pharmaceuticals Co		12,911
11,832		Perrigo Co		328,693
3,248	*	Pharmasset, Inc		36,540
4,057	*	PharMerica Corp		79,639
9,525	*	Pozen, Inc		73,152
57,138		Praxair, Inc		4,060,798
220,524		Procter & Gamble Co		11,268,775
3,084	*	Progenics Pharmaceuticals, Inc		15,883
10,125		RPM International, Inc		142,155

279

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
9,221	*	Salix Pharmaceuticals Ltd	$	91,011
131,382		Schering-Plough Corp		3,300,316
5,694		Sensient Technologies Corp		128,514
11,390	*	SIGA Technologies, Inc		96,132
28,730		Sigma-Aldrich Corp		1,423,859
1,886	*	SuperGen, Inc		3,791
8,040	*	Synta Pharmaceuticals Corp		18,572
855	*	United Therapeutics Corp		71,247
2,641	*	USANA Health Sciences, Inc		78,517
6,665		Valspar Corp		150,162
4,030	*	Vertex Pharmaceuticals, Inc		143,629
		TOTAL CHEMICALS AND ALLIED PRODUCTS		76,541,799
COMMUNICATIONS - 4.74%
20,866		Alaska Communications Systems Group, Inc		152,739
381	*	Anixter International, Inc		14,322
13,372	*	Centennial Communications Corp		111,790
2,500		CenturyTel, Inc		76,750
98,404	*	DIRECTV Group, Inc		2,431,563
31,863		Embarq Corp		1,340,158
5,670		Entercom Communications Corp (Class A)		8,675
47,084	*	Entravision Communications Corp (Class A)		22,600
1,898	*	Equinix, Inc		138,061
180,831	*	FiberTower Corp		90,416
2,900		Fisher Communications, Inc		37,091
158,445		Frontier Communications Corp		1,131,297
50,906		Gray Television, Inc		24,944
31,291	*	ICO Global Communications Holdings Ltd (Class A)		19,400
3,269	*	iPCS, Inc		48,904
16,311	*	Leap Wireless International, Inc		537,121
43,155	*	Liberty Global, Inc (Class A)		685,733
45,259	*	Liberty Media Corp - Capital (Series A)		613,712
92,625	*	Liberty Media Corp - Entertainment (Series A)		2,477,719
74,095	*	Liberty Media Holding Corp (Interactive A)		371,216
26,916	*	Lin TV Corp (Class A)		45,219
13,472	*	Mediacom Communications Corp (Class A)		68,842
22,820	*	MetroPCS Communications, Inc		303,734
2,408	*	NeuStar, Inc (Class A)		53,361
15,310	*	NII Holdings, Inc (Class B)		291,962
3,739		NTELOS Holdings Corp		68,872
266,830		Qwest Communications International, Inc		1,107,345
20,436		Scripps Networks Interactive (Class A)		568,734
388,613	*	Sprint Nextel Corp		1,869,229
13,691	*	SureWest Communications		143,345
2,435	*	Switch & Data Facilities Co, Inc		28,563
8,709	*	Syniverse Holdings, Inc		139,605
10,850	*	Terremark Worldwide, Inc		62,713
55,915		Time Warner Cable, Inc		1,770,828
13,375	*	TiVo, Inc		140,170
251,977		Verizon Communications, Inc		7,743,252
97,482	*	Viacom, Inc (Class B)		2,212,841
105,497		Windstream Corp		881,955
		TOTAL COMMUNICATIONS		27,834,781

280

TIAA-CREF FUNDS - Social Choice Equity Fund
SHARES		COMPANY		VALUE
DEPOSITORY INSTITUTIONS - 5.21%
1,100		Associated Banc-Corp	$	13,750
2,836		Bank of Hawaii Corp		101,614
133,778		Bank of New York Mellon Corp		3,921,033
5,692		BankAtlantic Bancorp Inc (Class A)		21,971
78,246		BB&T Corp		1,719,847
4,855		City National Corp		178,810
11,900		Colonial Bancgroup, Inc		7,378
19,093		Comerica, Inc		403,817
108,760		Fifth Third Bancorp		772,196
22,220	*	First Horizon National Corp		266,643
1,300		First Midwest Bancorp, Inc		9,503
36,115	*	Flagstar Bancorp, Inc		24,558
2,850		Fulton Financial Corp		14,849
28,656		Hudson City Bancorp, Inc		380,838
55,830		Keycorp		292,549
16,434		M&T Bank Corp		836,984
31,618		Marshall & Ilsley Corp		151,766
5,056	*	Metavante Technologies, Inc		130,748
24,683		New York Community Bancorp, Inc		263,861
2,260		NewAlliance Bancshares, Inc		25,990
23,035		Northern Trust Corp		1,236,519
2,220		Old National Bancorp		21,800
3,430		People's United Financial, Inc		51,587
55,593		PNC Financial Services Group, Inc		2,157,564
10,833		Popular, Inc		23,833
8,893		Provident Financial Services, Inc		80,926
90,884		Regions Financial Corp		367,171
1,650		South Financial Group, Inc		1,964
57,760		State Street Corp		2,726,272
53,553		SunTrust Banks, Inc		880,947
3,610	*	SVB Financial Group		98,264
16,641		Synovus Financial Corp		49,757
50,236		UCBH Holdings, Inc		63,297
205,685		US Bancorp		3,685,875
840		Washington Federal, Inc		10,920
650		Webster Financial Corp		5,233
393,407		Wells Fargo & Co		9,544,054
2,527		Zions Bancorporation		29,212
		TOTAL DEPOSITORY INSTITUTIONS		30,573,900
EATING AND DRINKING PLACES - 1.48%
9,927	*	AFC Enterprises		67,007
1,289		Bob Evans Farms, Inc		37,046
17,257		Darden Restaurants, Inc		569,136
110,299		McDonald's Corp		6,341,089
700		O'Charleys, Inc		6,475
200	*	Ruby Tuesday, Inc		1,332
3,040	*	Sonic Corp		30,491
84,858	*	Starbucks Corp		1,178,678

281

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
12,900		Yum! Brands, Inc	$	430,086
		TOTAL EATING AND DRINKING PLACES		8,661,340
EDUCATIONAL SERVICES - 0.02%
986	*	ITT Educational Services, Inc		99,251
		TOTAL EDUCATIONAL SERVICES		99,251
ELECTRIC, GAS, AND SANITARY SERVICES - 6.86%
87,173	*	AES Corp		1,012,079
27,180		AGL Resources, Inc		864,324
25,257		Alliant Energy Corp		659,965
20,763		Aqua America, Inc		371,658
23,679		Atmos Energy Corp		592,922
53,564		Avista Corp		953,975
22,750	*	Calpine Corp		253,663
37,680		Centerpoint Energy, Inc		417,494
5,970		Central Vermont Public Service Corp		108,057
3,626		CH Energy Group, Inc		169,334
43,100	*	Clean Energy Fuels Corp		371,091
56,389		Cleco Corp		1,264,241
66,173		Consolidated Edison, Inc		2,476,193
67,633		Crosstex Energy, Inc		281,353
36,376		Edison International		1,144,389
109,854		El Paso Corp		1,013,952
7,941		Energen Corp		316,846
55,529		FPL Group, Inc		3,157,378
62,738		Hawaiian Electric Industries, Inc		1,195,786
49,728		Idacorp, Inc		1,299,890
1,741		ITC Holdings Corp		78,972
4,643		Laclede Group, Inc		153,823
11,293		MGE Energy, Inc		378,880
44,871		National Fuel Gas Co		1,618,946
3,799		New Jersey Resources Corp		140,715
16,711		Nicor, Inc		578,535
117,945		NiSource, Inc		1,375,239
24,814		Northeast Utilities		553,600
4,127		Northwest Natural Gas Co		182,909
27,598	*	NRG Energy, Inc		716,444
23,094		NSTAR		741,548
87,286		OGE Energy Corp		2,471,940
124,594		Pepco Holdings, Inc		1,674,543
23,473		PG&E Corp		902,302
26,618		Piedmont Natural Gas Co, Inc		641,760
14,649		Pinnacle West Capital Corp		441,667
48,307		PPL Corp		1,592,199
43,350		Public Service Enterprise Group, Inc		1,414,511
45,343		Questar Corp		1,408,354
21,989		Resource America, Inc (Class A)		118,301
26,740		Sempra Energy		1,327,106
72,823		Sierra Pacific Resources		785,760
4,988		SJW Corp		113,228
12,727		South Jersey Industries, Inc		444,045

282

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
4,683		Southwest Gas Corp	$	104,009
10,634		UGI Corp		271,061
4,960		UIL Holdings Corp		111,352
12,838		WGL Holdings, Inc		411,073
102,242		Williams Cos, Inc		1,595,998
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		40,273,410
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 5.51%
35,067	*	Adaptec, Inc		92,928
5,880	*	Advanced Energy Industries, Inc		52,861
51,580	*	Advanced Micro Devices, Inc		199,615
41,118		Ametek, Inc		1,421,859
2,880	*	Anadigics, Inc		12,067
7,027	*	Avnet, Inc		147,778
3,942		Baldor Electric Co		93,780
2,614	*	Benchmark Electronics, Inc		37,642
490,627	*	Cisco Systems, Inc		9,145,286
5,533	*	Conexant Systems, Inc		8,078
8,143	*	Cree, Inc		239,323
1,600		CTS Corp		10,480
3,700	*	Dolby Laboratories, Inc (Class A)		137,936
1,190	*	DTS, Inc		32,213
12,147		Eaton Corp		541,878
1,559	*	Energy Conversion Devices, Inc		22,060
3,735	*	Evergreen Solar, Inc		8,105
95,640	*	Finisar Corp		54,515
8,064	*	First Solar, Inc		1,307,335
3,111	*	FuelCell Energy, Inc		13,004
8,000	*	GrafTech International Ltd		90,480
1,329	*	Greatbatch, Inc		30,049
2,255		Harman International Industries, Inc		42,394
10,982	*	Harmonic, Inc		64,684
8,524	*	Hutchinson Technology, Inc		16,622
492,463		Intel Corp		8,150,262
2,905	*	InterDigital, Inc		70,998
1,497		Lincoln Electric Holdings, Inc		53,952
11,150	*	Loral Space & Communications, Inc		287,113
556		LSI Industries, Inc		3,030
52,630	*	LSI Logic Corp		239,993
3,944	*	Medis Technologies Ltd		1,972
57,443	*	Micron Technology, Inc		290,662
265,182		Motorola, Inc		1,758,156
25,297	*	NetApp, Inc		498,857
35,732	*	ON Semiconductor Corp		245,122
12,666	*	Oplink Communications, Inc		144,392
6,098		Plantronics, Inc		115,313
183	*	PLX Technology, Inc		690
8,821	*	Polycom, Inc		178,802
2,828	*	Power-One, Inc		4,214
29,726	*	Powerwave Technologies, Inc		47,859
11,185	*	QLogic Corp		141,826
13,942	*	Quantum Fuel Systems Technologies Worldwide, Inc		10,751

283

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
11,334	*	RF Micro Devices, Inc	$	42,616
11,454	*	Silicon Storage Technology, Inc		21,419
338,196	*	Sirius XM Radio, Inc		145,424
10,177	*	Skyworks Solutions, Inc		99,531
3,292	*	Sunpower Corp (Class A)		87,699
7,773	*	Sycamore Networks, Inc		24,329
23,453	*	Symmetricom, Inc		135,324
2,770	*	Synaptics, Inc		107,061
4,550	*	Tekelec		76,577
6,401		Teleflex, Inc		286,957
31,927	*	Tellabs, Inc		182,942
197,888		Texas Instruments, Inc		4,215,013
7,817	*	Thomas & Betts Corp		225,599
19,288	*	Triquint Semiconductor, Inc		102,419
2,358	*	TTM Technologies, Inc		18,770
13,011	*	Valence Technology, Inc		23,290
1,000		Vicor Corp		7,220
1,685		Whirlpool Corp		71,714
19,768		Xilinx, Inc		404,453
10,944	*	Zix Corp		16,416
1,396	*	Zoltek Cos, Inc		13,569
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		32,375,278
ENGINEERING AND MANAGEMENT SERVICES - 0.95%
100,740		Accenture Ltd (Class A)		3,370,761
3,523	*	Amylin Pharmaceuticals, Inc		47,561
5,260	*	Ariad Pharmaceuticals, Inc		8,363
4,094	*	Celera Corp		31,237
805		Corporate Executive Board Co		16,712
353	*	Gen-Probe, Inc		15,172
7,023	*	Hewitt Associates, Inc (Class A)		209,145
14,939	*	Incyte Corp		49,149
8,839	*	Isis Pharmaceuticals, Inc		145,844
400	*	Maxygen, Inc		2,688
2,746	*	Navigant Consulting, Inc		35,478
39,692		Paychex, Inc		1,000,238
3,875	*	Regeneron Pharmaceuticals, Inc		69,440
235,382	*	Rentech, Inc		134,168
3,623	*	Savient Pharmaceuticals, Inc		50,215
19	*	Symyx Technologies, Inc		111
6,140	*	Tetra Tech, Inc		175,911
7,216	*	VCA Antech, Inc		192,667
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		5,554,860
FABRICATED METAL PRODUCTS - 0.93%
3,611		Aptargroup, Inc		121,943
18,882		Commercial Metals Co		302,678
837	*	Commercial Vehicle Group, Inc		1,205
7,107		Dynamic Materials Corp		137,023
2,918		Gulf Island Fabrication, Inc		46,192
104,067		Illinois Tool Works, Inc		3,885,862
1,400		Insteel Industries, Inc		11,536

284

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
5,525		Pentair, Inc	$	141,551
4,517		Quanex Building Products Corp		50,681
3,025		Snap-On, Inc		86,939
16,361		Stanley Works		553,656
1,496		Valmont Industries, Inc		107,832
		TOTAL FABRICATED METAL PRODUCTS		5,447,098
FOOD AND KINDRED PRODUCTS - 4.07%
43,854		Campbell Soup Co		1,290,185
59,594		General Mills, Inc		3,338,456
46,375		H.J. Heinz Co		1,655,588
1,337	*	Hansen Natural Corp		41,206
24,095		Hershey Co		867,420
3,834		J.M. Smucker Co		186,562
68,542		Kellogg Co		3,192,001
186,617		Kraft Foods, Inc (Class A)		4,728,875
1,360		Lancaster Colony Corp		59,935
2,752		McCormick & Co, Inc		89,523
141,431		PepsiCo, Inc		7,773,048
221	*	Ralcorp Holdings, Inc		13,463
64,378		Sara Lee Corp		628,329
1,389		Tootsie Roll Industries, Inc		31,516
		TOTAL FOOD AND KINDRED PRODUCTS		23,896,107
FOOD STORES - 0.27%
315	*	Great Atlantic & Pacific Tea Co, Inc		1,339
22,870		Kroger Co		504,284
46,596		Safeway, Inc		949,160
6,940	*	Whole Foods Market, Inc		131,721
		TOTAL FOOD STORES		1,586,504
FORESTRY - 0.13%
24,946		Weyerhaeuser Co		759,107
		TOTAL FORESTRY		759,107
FURNITURE AND FIXTURES - 0.20%
1,540		Herman Miller, Inc		23,624
11,749		Hill-Rom Holdings, Inc		190,569
3,520		HNI Corp		63,571
3,856	*	Kinetic Concepts, Inc		105,076
15,783		Leggett & Platt, Inc		240,375
53,966		Masco Corp		516,994
1,069		Tempur-Pedic International, Inc		13,972
		TOTAL FURNITURE AND FIXTURES		1,154,181
FURNITURE AND HOME FURNISHINGS STORES - 0.28%
23,888	*	Bed Bath & Beyond, Inc		734,556
22,747		Best Buy Co, Inc		761,798
3,890	*	GameStop Corp (Class A)		85,619
1,000	*	Pier 1 Imports, Inc		1,990
5,067		RadioShack Corp		70,735

285

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
1,505		Williams-Sonoma, Inc	$	17,864
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		1,672,562
GENERAL BUILDING CONTRACTORS - 0.04%
100	*	Amrep Corp		1,103
121	*	Avatar Holdings, Inc		2,199
7,710		Centex Corp		65,227
7,815		Lennar Corp (Class A)		75,726
4,853	*	M/I Homes, Inc		47,511
15,493	*	Standard-Pacific Corp		31,451
		TOTAL GENERAL BUILDING CONTRACTORS		223,217
GENERAL MERCHANDISE STORES - 1.62%
69,839		Costco Wholesale Corp		3,191,642
23,125		JC Penney Co, Inc		663,919
16,000		Macy's, Inc		188,160
457	*	Retail Ventures, Inc		996
97,914		Target Corp		3,864,666
50,665		TJX Companies, Inc		1,593,921
		TOTAL GENERAL MERCHANDISE STORES		9,503,304
HEALTH SERVICES - 0.60%
1,661	*	Amsurg Corp		35,612
1,680	*	Corvel Corp		38,254
5,218	*	Edwards Lifesciences Corp		354,981
15,297	*	Five Star Quality Care, Inc		29,217
3,186	*	Healthways, Inc		42,852
16,867	*	Laboratory Corp of America Holdings		1,143,414
7,760	*	LCA-Vision, Inc		32,747
7,985	*	LifePoint Hospitals, Inc		209,606
36,489	*	Nektar Therapeutics		236,449
6,226	*	Nighthawk Radiology Holdings, Inc		23,036
24,379		Quest Diagnostics, Inc		1,375,706
		TOTAL HEALTH SERVICES		3,521,874
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.04%
2,642	*	Comverge, Inc		31,968
6,178	*	LB Foster Co (Class A)		185,773
2,100	*	Matrix Service Co		24,108
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		241,849
HOLDING AND OTHER INVESTMENT OFFICES - 1.46%
68,550		Annaly Mortgage Management, Inc		1,037,847
17,100		Anworth Mortgage Asset Corp		123,291
31,019		Ashford Hospitality Trust, Inc		87,163
8,467		Boston Properties, Inc		403,876
9,218		Capstead Mortgage Corp		117,161
2,455		Cherokee, Inc		48,658
22,863		Duke Realty Corp		200,509
42,251		Equity Residential		939,240
153		FelCor Lodging Trust, Inc		376

286

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
1,190		First Industrial Realty Trust, Inc	$	5,177
19,631		HCP, Inc		415,981
4,742		Health Care REIT, Inc		161,702
66,800		Hersha Hospitality Trust		165,664
863		Highwoods Properties, Inc		19,305
54,273		Host Marriott Corp		455,350
14,102		HRPT Properties Trust		57,254
23,687	*	iStar Financial, Inc		67,271
24,276		Kimco Realty Corp		243,974
2,485		Lexington Corporate Properties Trust		8,449
5,753		Liberty Property Trust		132,549
626		Macerich Co		11,024
4,785		MFA Mortgage Investments, Inc		33,112
2,190		Mid-America Apartment Communities, Inc		80,395
33,594		NorthStar Realty Finance Corp		95,071
1,000		Post Properties, Inc		13,440
23,499		Prologis		189,402
31,052		Public Storage, Inc		2,033,285
1,630		Regency Centers Corp		56,903
3,242		UDR, Inc		33,490
42,468		Virgin Media, Inc		397,076
14,205		Vornado Realty Trust		639,651
5,443		WABCO Holdings, Inc		96,341
15,111		Weingarten Realty Investors		219,261
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		8,589,248
HOTELS AND OTHER LODGING PLACES - 0.27%
15,730		Choice Hotels International, Inc		418,575
10,045	*	Gaylord Entertainment Co		127,672
18,705	*	Great Wolf Resorts, Inc		38,158
14,627	*	Lodgian, Inc		19,015
5,534		Marcus Corp		58,218
32,942		Marriott International, Inc (Class A)		727,033
9,171		Starwood Hotels & Resorts Worldwide, Inc		203,596
		TOTAL HOTELS AND OTHER LODGING PLACES		1,592,267
INDUSTRIAL MACHINERY AND EQUIPMENT - 6.35%
7,890	*	AGCO Corp		229,362
118,844	*	Allis-Chalmers Energy, Inc		274,530
1,565		Ampco-Pittsburgh Corp		36,699
161,502		Applied Materials, Inc		1,771,677
1,445	*	Astec Industries, Inc		42,902
8,648	*	Axcelis Technologies, Inc		3,978
9,425		Black & Decker Corp		270,121
3,285		Briggs & Stratton Corp		43,822
757		Cascade Corp		11,908
59,355		Caterpillar, Inc		1,961,089
1,693	*	Columbus McKinnon Corp		21,416
19,995	*	Cray, Inc		157,561
27,608		Cummins, Inc		972,078
61,332		Deere & Co		2,450,213
212,551	*	Dell, Inc		2,918,324

287

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
1,640		Donaldson Co, Inc	$	56,810
1,851	*	Dril-Quip, Inc		70,523
5,176	*	ENGlobal Corp		25,466
3,442	*	Entegris, Inc		9,362
10,690	*	Flotek Industries, Inc		21,701
12,954	*	FMC Technologies, Inc		486,811
400	*	Gardner Denver, Inc		10,068
10,035		Graco, Inc		220,971
219,770		Hewlett-Packard Co		8,494,110
15,553	*	Immersion Corp		76,832
12,464	*	Ingersoll-Rand plc		260,498
1,629	*	Intermec, Inc		21,014
108,549		International Business Machines Corp		11,334,686
2,132	*	Intevac, Inc		18,570
2,007		John Bean Technologies Corp		25,128
95,577		Johnson Controls, Inc		2,075,932
9,487	*	Lam Research Corp		246,662
6,104	*	Lexmark International, Inc (Class A)		96,748
1,117		Lufkin Industries, Inc		46,970
9,926		Manitowoc Co, Inc		52,211
3,855		Modine Manufacturing Co		18,504
10,272		Nordson Corp		397,116
2,572	*	Oil States International, Inc		62,268
7,276		Pall Corp		193,251
109,112	*	Quantum Corp		90,563
305		Sauer-Danfoss, Inc		1,870
62,823		Seagate Technology, Inc		657,129
4,004	*	Semitool, Inc		18,498
4,222	*	Sigma Designs, Inc		67,721
9,316	*	STEC, Inc		216,038
2,438	*	Tecumseh Products Co (Class A)		23,673
16,975		Tennant Co		312,170
840	*	Ultratech, Inc		10,340
10,925	*	Varian Medical Systems, Inc		383,905
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		37,269,799
INSTRUMENTS AND RELATED PRODUCTS - 5.28%
1,715	*	Affymetrix, Inc		10,170
34,451	*	Agilent Technologies, Inc		699,700
31,672		Allergan, Inc		1,506,954
377		Analogic Corp		13,930
85,309		Baxter International, Inc		4,517,965
9,346		Beckman Coulter, Inc		534,030
43,962		Becton Dickinson & Co		3,134,930
3,850	*	Bruker BioSciences Corp		35,651
7,400	*	Cardiac Science Corp		29,748
7,236	*	Cepheid, Inc		68,163
52,189		Danaher Corp		3,222,149
17,221		Dentsply International, Inc		525,585
116,610		Emerson Electric Co		3,778,164
8,838	*	Flir Systems, Inc		199,385
13,551		Garmin Ltd		322,785

288

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
11,338		Hillenbrand, Inc	$	188,664
17,480	*	Hologic, Inc		248,740
4,082	*	Illumina, Inc		158,953
2,798	*	Intuitive Surgical, Inc		457,921
11,291	*	ION Geophysical Corp		29,018
350	*	Itron, Inc		19,275
3,346	*	Ixia		22,552
82	*	L-1 Identity Solutions, Inc		635
4,280	*	LTX-Credence Corp		2,012
137,595		Medtronic, Inc		4,800,690
5,368	*	Millipore Corp		376,887
2,280		Movado Group, Inc		24,031
606	*	OYO Geospace Corp		15,550
381	*	Resmed, Inc		15,518
6,700		Rockwell Automation, Inc		215,204
610	*	Rofin-Sinar Technologies, Inc		12,206
4,213		Roper Industries, Inc		190,891
36,965	*	St. Jude Medical, Inc		1,519,262
6,950		STERIS Corp		181,256
1,367		Techne Corp		87,228
35,025	*	Thermo Electron Corp		1,427,969
5,318	*	Trimble Navigation Ltd		104,392
11,676	*	Vivus, Inc		70,990
7,607	*	Waters Corp		391,532
106,042		Xerox Corp		687,152
27,615	*	Zimmer Holdings, Inc		1,176,399
800	*	Zygo Corp		3,728
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		31,027,964
INSURANCE AGENTS, BROKERS AND SERVICE - 0.39%
39,308		AON Corp		1,488,595
25,878	*	Crawford & Co (Class B)		124,214
50,191		Hartford Financial Services Group, Inc		595,767
11,873		National Financial Partners Corp		86,910
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		2,295,486
INSURANCE CARRIERS - 4.28%
58,608		Aetna, Inc		1,468,130
87,724		Aflac, Inc		2,727,339
72	*	Alleghany Corp		19,512
510		American Physicians Capital, Inc		19,972
2,918	*	Arch Capital Group Ltd		170,936
20,264		Aspen Insurance Holdings Ltd		452,698
13,751		Assurant, Inc		331,262
3,844	*	Catalyst Health Solutions, Inc		95,869
4,865	*	Centene Corp		97,203
76,524		Chubb Corp		3,051,777
60,380		Cincinnati Financial Corp		1,349,493
7,730		Endurance Specialty Holdings Ltd		226,489
4,475		Erie Indemnity Co (Class A)		160,026
60,661		Genworth Financial, Inc (Class A)		424,020
3,915		Hanover Insurance Group, Inc		149,201

289

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
17,707	*	Humana, Inc	$	571,228
52,139		Lincoln National Corp		897,312
802	*	Markel Corp		225,923
4,448	*	Molina Healthcare, Inc		106,396
19,700		Montpelier Re Holdings Ltd		261,813
1,407		Odyssey Re Holdings Corp		56,252
28,452		Phoenix Cos, Inc		47,515
8,655		Platinum Underwriters Holdings Ltd		247,446
3,089		PMI Group, Inc		6,116
47,445		Principal Financial Group		893,864
116,471		Progressive Corp		1,759,877
5,385		Protective Life Corp		61,604
3,750		Radian Group, Inc		10,200
381		Stancorp Financial Group, Inc		10,927
96,399		Travelers Cos, Inc		3,956,215
32,039		UnumProvident Corp		508,139
18,417		W.R. Berkley Corp		395,413
80,730	*	WellPoint, Inc		4,108,350
20,989		XL Capital Ltd (Class A)		240,534
		TOTAL INSURANCE CARRIERS		25,109,051
LEATHER AND LEATHER PRODUCTS - 0.13%
26,312		Coach, Inc		707,266
2,309		Weyco Group, Inc		53,315
		TOTAL LEATHER AND LEATHER PRODUCTS		760,581
LEGAL SERVICES - 0.02%
2,433	*	FTI Consulting, Inc		123,402
		TOTAL LEGAL SERVICES		123,402
LUMBER AND WOOD PRODUCTS - 0.00%**
6,717	*	Champion Enterprises, Inc		2,149
300		Skyline Corp		6,525
		TOTAL LUMBER AND WOOD PRODUCTS		8,674
METAL MINING - 0.17%
2,358	*	Rosetta Resources, Inc		20,633
23,189		Royal Gold, Inc		966,981
6,100	*	Stillwater Mining Co		34,831
		TOTAL METAL MINING		1,022,445
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.24%
7,877		Armstrong World Industries, Inc		129,892
3,340		Callaway Golf Co		16,934
1,145		Daktronics, Inc		8,817
77,300		Mattel, Inc		1,240,664
390	*	Nautilus, Inc		441
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,396,748
MISCELLANEOUS RETAIL - 2.23%
32,113	*	Amazon.com, Inc		2,686,574

290

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
658	*	Coldwater Creek, Inc	$	3,987
148,676		CVS Corp		4,738,304
1,162	*	Dollar Tree, Inc		48,920
5,064	*	GSI Commerce, Inc		72,162
19,473	*	Hibbett Sports, Inc		350,514
4,592	*	HSN, Inc		48,537
315		Nutri/System, Inc		4,568
12,229	*	Office Depot, Inc		55,764
930	*	Overstock.com, Inc		11,123
5,113		Petsmart, Inc		109,725
1,714	*	Priceline.com, Inc		191,197
66,161		Staples, Inc		1,334,467
6,747		Tiffany & Co		171,104
111,669		Walgreen Co		3,283,069
		TOTAL MISCELLANEOUS RETAIL		13,110,015
MOTION PICTURES - 0.15%
1,457	*	Avid Technology, Inc		19,538
13,567	*	Discovery Communications, Inc (Class A)		305,937
9,208	*	Discovery Communications, Inc (Class C)		189,040
7,849	*	DreamWorks Animation SKG, Inc (Class A)		216,554
3,481		Regal Entertainment Group (Class A)		46,262
7,584	*	tw telecom inc (Class A)		77,888
		TOTAL MOTION PICTURES		855,219
NONDEPOSITORY INSTITUTIONS - 1.02%
145,163		American Express Co		3,373,589
17,309	*	AmeriCredit Corp		234,537
55,880		Capital One Financial Corp		1,222,654
28,896		CapitalSource, Inc		141,012
44,890		CIT Group, Inc		96,514
46,422		Discover Financial Services		476,754
14,580		Federal Agricultural Mortgage Corp (Class C)		70,421
29,486	*	Guaranty Financial Group, Inc		5,602
35,105		Medallion Financial Corp		268,553
26,217	*	NewStar Financial, Inc		50,074
1,600	*	PHH Corp		29,088
1,293	*	World Acceptance Corp		25,744
		TOTAL NONDEPOSITORY INSTITUTIONS		5,994,542
NONMETALLIC MINERALS, EXCEPT FUELS - 0.21%
19,273		AMCOL International Corp		415,911
920		Compass Minerals International, Inc		50,517
17,773		Vulcan Materials Co		766,017
		TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		1,232,445
OIL AND GAS EXTRACTION - 6.56%
55,584		Apache Corp		4,010,385
7,741		Atlas America, Inc		138,332
6,616	*	ATP Oil & Gas Corp		46,047
580	*	Atwood Oceanics, Inc		14,448
7,854		Berry Petroleum Co (Class A)		146,006

291

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
23,650	*	Boots & Coots, Inc	$	32,874
3,340	*	Bronco Drilling Co, Inc		14,295
15,500		Cabot Oil & Gas Corp		474,920
35,667	*	Callon Petroleum Co		70,621
17,645	*	Cameron International Corp		499,354
837	*	Carrizo Oil & Gas, Inc		14,355
100,246		Chesapeake Energy Corp		1,987,878
14,611		Cimarex Energy Co		414,076
8,189	*	Complete Production Services, Inc		52,082
6,324	*	Contango Oil & Gas Co		268,707
1,100	*	Continental Resources, Inc		30,525
500	*	Dawson Geophysical Co		14,925
66,369	*	Denbury Resources, Inc		977,615
71,452		Devon Energy Corp		3,894,134
25,850		Diamond Offshore Drilling, Inc		2,146,843
6,970	*	Encore Acquisition Co		215,025
27,605		ENSCO International, Inc		962,586
40,561		EOG Resources, Inc		2,754,903
52,854		Equitable Resources, Inc		1,845,133
4,570	*	EXCO Resources, Inc		59,044
1,383	*	Exterran Holdings, Inc		22,183
5,930	*	Geokinetics, Inc		80,945
8,200	*	Geomet, Inc		9,020
24,632	*	Global Industries Ltd		139,417
2,553	*	GMX Resources, Inc		27,164
8,531	*	Goodrich Petroleum Corp		209,777
23,633		Helmerich & Payne, Inc		729,551
3,600	*	Hercules Offshore, Inc		14,292
50,009	*	Meridian Resource Corp		17,503
20,923	*	Nabors Industries Ltd		325,980
79,671	*	National Oilwell Varco, Inc		2,602,055
15,676	*	Newfield Exploration Co		512,135
40,920		Noble Energy, Inc		2,413,052
1,457	*	Oceaneering International, Inc		65,856
3,912	*	Parallel Petroleum Corp		7,589
21,861	*	Parker Drilling Co		94,877
39,590	*	PetroHawk Energy Corp		882,857
5,699	*	Petroleum Development Corp		89,417
8,683	*	Petroquest Energy, Inc		32,040
13,000	*	Pioneer Drilling Co		62,270
24,123		Pioneer Natural Resources Co		615,137
27,278	*	Pride International, Inc		683,587
19,410	*	Quicksilver Resources, Inc		180,319
12,994		Range Resources Corp		538,082
4,932	*	Rex Energy Corp		28,112
2,430		RPC, Inc		20,291
24,067		Smith International, Inc		619,725
20,118	*	Southwestern Energy Co		781,584
13,156		St. Mary Land & Exploration Co		274,566
3,305	*	Stone Energy Corp		24,523
46,321	*	Sulphco, Inc		42,615
9,793	*	Swift Energy Co		163,053

292

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
13,980	*	Ultra Petroleum Corp	$	545,220
6,313	*	Unit Corp		174,049
12,073	*	Venoco, Inc		92,600
10,198		W&T Offshore, Inc		99,329
7,741	*	Whiting Petroleum Corp		272,174
102,470		XTO Energy, Inc		3,908,205
		TOTAL OIL AND GAS EXTRACTION		38,486,264
PAPER AND ALLIED PRODUCTS - 0.91%
13,679		Bemis Co		344,711
6,951	*	Buckeye Technologies, Inc		31,210
1,841	*	Domtar Corporation		30,524
2,230		Glatfelter		19,847
32,340		International Paper Co		489,304
58,947		Kimberly-Clark Corp		3,090,590
41,921		MeadWestvaco Corp		687,924
2,117		Rock-Tenn Co (Class A)		80,785
18,524		Sonoco Products Co		443,650
9,950		Temple-Inland, Inc		130,544
1,674		Wausau Paper Corp		11,249
		TOTAL PAPER AND ALLIED PRODUCTS		5,360,338
PERSONAL SERVICES - 0.03%
5,300		Regis Corp		92,272
1,350		Unifirst Corp		50,180
1,105		Weight Watchers International, Inc		28,476
		TOTAL PERSONAL SERVICES		170,928
PETROLEUM AND COAL PRODUCTS - 1.40%
2,550		Ashland, Inc		71,528
65,830		Hess Corp		3,538,363
130,060		Marathon Oil Corp		3,918,707
30,926		Sunoco, Inc		717,483
		TOTAL PETROLEUM AND COAL PRODUCTS		8,246,081
PIPELINES, EXCEPT NATURAL GAS - 0.56%
193,923		Spectra Energy Corp		3,281,177
		TOTAL PIPELINES, EXCEPT NATURAL GAS		3,281,177
PRIMARY METAL INDUSTRIES - 1.45%
104,622		Alcoa, Inc		1,080,745
4,582		Allegheny Technologies, Inc		160,049
136,214		Corning, Inc		2,187,597
457		Encore Wire Corp		9,757
7,633		Gibraltar Industries, Inc		52,439
7,790		Hubbell, Inc (Class B)		249,747
52,400	*	Metalico, Inc		244,184
56,998		Nucor Corp		2,532,421
4,390		Olympic Steel, Inc		107,423
33,360		Steel Dynamics, Inc		491,393
11,210		Tredegar Corp		149,317

293

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
20,139		United States Steel Corp	$	719,768
41,206		Worthington Industries, Inc		527,025
		TOTAL PRIMARY METAL INDUSTRIES		8,511,865
PRINTING AND PUBLISHING - 0.43%
761	*	ACCO Brands Corp		2,146
11,146		Dun & Bradstreet Corp		905,167
4,693		EW Scripps Co (Class A)		9,808
4,867		Harte-Hanks, Inc		45,020
1,520		John Wiley & Sons, Inc (Class A)		50,540
37,527		Journal Communications, Inc (Class A)		39,403
1,890		Lee Enterprises, Inc		1,002
4,910		Meredith Corp		125,451
28,235		New York Times Co (Class A)		155,575
12,660		R.R. Donnelley & Sons Co		147,109
13,835		Standard Register Co		45,102
2,827		Washington Post Co (Class B)		995,612
		TOTAL PRINTING AND PUBLISHING		2,521,935
RAILROAD TRANSPORTATION - 1.01%
15,100		Burlington Northern Santa Fe Corp		1,110,454
57,285		CSX Corp		1,983,780
533	*	Genesee & Wyoming, Inc (Class A)		14,130
10,587	*	Kansas City Southern Industries, Inc		170,557
70,666		Norfolk Southern Corp		2,661,987
		TOTAL RAILROAD TRANSPORTATION		5,940,908
REAL ESTATE - 0.03%
8,458	*	CB Richard Ellis Group, Inc (Class A)		79,166
1,693		Forest City Enterprises, Inc (Class A)		11,174
4,316	*	Forestar Real Estate Group, Inc		51,274
229		Jones Lang LaSalle, Inc		7,495
7,397		Stewart Enterprises, Inc (Class A)		35,654
		TOTAL REAL ESTATE		184,763
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.05%
190	*	Deckers Outdoor Corp		13,351
8,878		Sealed Air Corp		163,799
1,937		Spartech Corp		17,801
3,250		Tupperware Corp		84,565
		TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		279,516
SECURITY AND COMMODITY BROKERS - 2.83%
14,932		Ameriprise Financial, Inc		362,400
13,120		BlackRock, Inc		2,301,510
14,886		Broadridge Financial Solutions, Inc		246,810
153,576		Charles Schwab Corp		2,693,723
8,361		CME Group, Inc		2,601,191
7,612		Duff & Phelps Corp		135,341
5,278		Eaton Vance Corp		141,187
7,070		Evercore Partners, Inc (Class A)		138,855

294

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
6,916		Federated Investors, Inc (Class B)	$	166,606
36,847		Franklin Resources, Inc		2,653,352
9,351	*	IntercontinentalExchange, Inc		1,068,258
55,473		Invesco Ltd		988,529
153	*	Investment Technology Group, Inc		3,120
12,311		Legg Mason, Inc		300,142
10,870	*	Nasdaq Stock Market, Inc		231,640
32,868		NYSE Euronext		895,653
15,369		SEI Investments Co		277,257
33,139		T Rowe Price Group, Inc		1,380,902
5,097		US Global Investors, Inc (Class A)		47,198
		TOTAL SECURITY AND COMMODITY BROKERS		16,633,674
SOCIAL SERVICES - 0.01%
9,200	*	Capital Senior Living Corp		41,860
		TOTAL SOCIAL SERVICES		41,860
SPECIAL TRADE CONTRACTORS - 0.06%
1,500		Chemed Corp		59,220
1,785	*	Layne Christensen Co		36,503
10,466	*	Quanta Services, Inc		242,079
		TOTAL SPECIAL TRADE CONTRACTORS		337,802
STONE, CLAY, AND GLASS PRODUCTS - 0.92%
84,529		3M Co		5,080,193
241		Apogee Enterprises, Inc		2,964
980	*	Cabot Microelectronics Corp		27,724
3,526		CARBO Ceramics, Inc		120,589
9,576		Gentex Corp		111,082
4,200	*	Owens Corning, Inc		53,676
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		5,396,228
TEXTILE MILL PRODUCTS - 0.00%**
1,400		Oxford Industries, Inc		16,310
		TOTAL TEXTILE MILL PRODUCTS		16,310
TRANSPORTATION BY AIR - 0.75%
74,916	*	Airtran Holdings, Inc		463,730
13,648	*	Continental Airlines, Inc (Class B)		120,921
41,100	*	Delta Air Lines, Inc		237,969
10,270	*	ExpressJet Holdings, Inc		14,173
45,121		FedEx Corp		2,509,630
71,926	*	JetBlue Airways Corp		307,124
800	*	PHI, Inc		13,712
4,790		Skywest, Inc		48,858
105,034		Southwest Airlines Co		706,879
		TOTAL TRANSPORTATION BY AIR		4,422,996
TRANSPORTATION EQUIPMENT - 1.18%
22,105		American Axle & Manufacturing Holdings, Inc		76,041
12,937		ArvinMeritor, Inc		56,793

295

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
381	*	ATC Technology Corp	$	5,525
35,792	*	BE Aerospace, Inc		513,973
429		Federal Signal Corp		3,282
297,630	*	Ford Motor Co		1,806,613
1,482	*	Fuel Systems Solutions, Inc		29,922
41,748		Genuine Parts Co		1,401,063
30,103		Harley-Davidson, Inc		487,970
16,524		Harsco Corp		467,629
34,666		Paccar, Inc		1,126,992
27,835	*	Spirit Aerosystems Holdings, Inc (Class A)		382,453
7,881		Superior Industries International, Inc		111,122
23,429	*	Tenneco, Inc		248,347
7,033		Westinghouse Air Brake Technologies Corp		226,252
		TOTAL TRANSPORTATION EQUIPMENT		6,943,977
TRANSPORTATION SERVICES - 0.06%
3,663		CH Robinson Worldwide, Inc		191,026
3,826		Expeditors International Washington, Inc		127,559
4,592	*	Interval Leisure Group, Inc		42,797
10,076	*	Orbitz Worldwide, Inc		19,144
		TOTAL TRANSPORTATION SERVICES		380,526
TRUCKING AND WAREHOUSING - 0.75%
87,995		United Parcel Service, Inc (Class B)		4,398,870
		TOTAL TRUCKING AND WAREHOUSING		4,398,870
WATER TRANSPORTATION - 0.07%
2,390		Alexander & Baldwin, Inc		56,022
9,049	*	Gulfmark Offshore, Inc		249,752
5,913	*	Hornbeck Offshore Services, Inc		126,479
		TOTAL WATER TRANSPORTATION		432,253
WHOLESALE TRADE-DURABLE GOODS - 0.60%
25,354		Agilysys, Inc		118,657
16,600		Barnes Group, Inc		197,374
8,940		BorgWarner, Inc		305,301
8,335		Castle (A.M.) & Co		100,687
8,120	*	Chindex International, Inc		100,444
1,841	*	MWI Veterinary Supply, Inc		64,177
890		Owens & Minor, Inc		39,000
13,197	*	Patterson Cos, Inc		286,375
21,564		Reliance Steel & Aluminum Co		827,842
153	*	Tech Data Corp		5,005
3,750	*	Tyler Technologies, Inc		58,575
16,578		W.W. Grainger, Inc		1,357,406
2,443	*	WESCO International, Inc		61,173
		TOTAL WHOLESALE TRADE-DURABLE GOODS		3,522,016
WHOLESALE TRADE-NONDURABLE GOODS - 0.56%
681		Airgas, Inc		27,601
6,350	*	Akorn, Inc		7,620

296

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES		COMPANY		VALUE
8,761		Allscripts Healthcare Solutions, Inc	$	138,949
413	*	Clearwater Paper Corp		10,445
1,522	*	Dean Foods Co		29,207
13,375	*	Endo Pharmaceuticals Holdings, Inc		239,680
2,457	*	Henry Schein, Inc		117,813
300		Men's Wearhouse, Inc		5,754
1,817		Nash Finch Co		49,168
2,716		Spartan Stores, Inc		33,706
117,874		Sysco Corp		2,649,808
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,309,751
		TOTAL COMMON STOCKS		582,860,580
		(Cost $720,515,650)
		TOTAL INVESTMENTS - 99.27%		582,860,580
		(Cost $720,515,650)
		OTHER ASSETS AND LIABILITIES, NET - 0.73%		4,259,585
		NET ASSETS - 100.00%		587,120,165
		The following abbreviations are used in portfolio descriptions:
		plc - Public Limited Company
	*	Non-income producing.
	**	Percentage represents less than 0.01%

297

TIAA-CREF FUNDS - Real Estate Securities Fund
TIAA-CREF FUNDS
REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES		COMPANY		VALUE
COMMON STOCKS - 98.82%
FORESTRY - 1.95%
171,500		Rayonier, Inc	$	6,234,025
		TOTAL FORESTRY		6,234,025
HOLDING AND OTHER INVESTMENT OFFICES - 96.71%
65,500		Acadia Realty Trust		854,775
4,200		Alexander's, Inc		1,132,320
110,500		Alexandria Real Estate Equities, Inc		3,954,795
345,000		AMB Property Corp		6,489,450
195,000		American Campus Communities, Inc		4,325,100
30,000		Associated Estates Realty Corp		178,800
168,000		AvalonBay Communities, Inc		9,397,920
113,000		BioMed Realty Trust, Inc		1,155,990
320,147		Boston Properties, Inc		15,271,012
132,000		BRE Properties, Inc (Class A)		3,136,320
98,240		Camden Property Trust		2,711,424
200,000		CBL & Associates Properties, Inc		1,078,000
80,000		Cedar Shopping Centers, Inc		361,600
55,000		Colonial Properties Trust		407,000
125,000		Corporate Office Properties Trust		3,666,250
1,500		Cousins Properties, Inc		12,750
360,000		DCT Industrial Trust, Inc		1,468,800
275,315		Developers Diversified Realty Corp		1,343,537
210,000		DiamondRock Hospitality Co		1,314,600
143,100		Digital Realty Trust, Inc		5,130,135
205,000		Douglas Emmett, Inc		1,842,950
111,000		EastGroup Properties, Inc		3,665,220
67,000		Entertainment Properties Trust		1,380,200
68,000		Equity Lifestyle Properties, Inc		2,528,240
390,000		Equity Residential		8,669,700
64,000		Essex Property Trust, Inc		3,982,720
170,000		Extra Space Storage, Inc		1,419,500
185,000		Federal Realty Investment Trust		9,531,200
120,000		FelCor Lodging Trust, Inc		295,200
96,000		Franklin Street Properties Corp		1,272,000
123,500		Gramercy Capital Corp		198,835
140,000	*,g,m	GSC Capital Corp		0
524,000		HCP, Inc		11,103,560
189,986		Health Care REIT, Inc		6,478,523
127,000		Healthcare Realty Trust, Inc		2,137,410
111,000		Highwoods Properties, Inc		2,483,070
62,000		Home Properties, Inc		2,114,200
190,000		Hospitality Properties Trust		2,259,100
1,200,000		Host Marriott Corp		10,068,000
28,000		Inland Real Estate Corp		196,000

298

TIAA-CREF FUNDS- Real Estate Securities Fund

SHARES		COMPANY		VALUE
74,000		Investors Real Estate Trust	$	657,860
160,000		iShares Cohen & Steers Realty Majors Index Fund		5,750,400
300,000		iShares Dow Jones US Real Estate Index Fund		9,702,000
65,000		Kilroy Realty Corp		1,335,100
800,000		Kimco Realty Corp		8,040,000
105,000		LaSalle Hotel Properties		1,295,700
164,000		Liberty Property Trust		3,778,560
180,797		Macerich Co		3,183,835
72,000		Mack-Cali Realty Corp		1,641,600
47,000		Mid-America Apartment Communities, Inc		1,725,370
473,180		Mission West Properties, Inc		3,231,819
143,271		National Retail Properties, Inc		2,485,752
218,000		Nationwide Health Properties, Inc		5,611,320
130,000		Omega Healthcare Investors, Inc		2,017,600
340,000		Plum Creek Timber Co, Inc		10,125,200
210,000		Post Properties, Inc		2,822,400
70,000		Potlatch Corp		1,700,300
699,562		Prologis		5,638,470
250,000		Public Storage, Inc		16,370,000
200,000		Realty Income Corp		4,384,000
180,000		Regency Centers Corp		6,283,800
10,000		Saul Centers, Inc		295,700
255,000		Senior Housing Properties Trust		4,161,600
624,967		Simon Property Group, Inc		32,142,052
166,688		SL Green Realty Corp		3,823,823
20,000		Sovran Self Storage, Inc		492,000
95,000		Sunstone Hotel Investors, Inc		508,250
60,000		Tanger Factory Outlet Centers, Inc		1,945,800
25,000		Taubman Centers, Inc		671,500
340,000		UDR, Inc		3,512,200
100,000		U-Store-It Trust		490,000
319,972		Ventas, Inc		9,554,364
403,840		Vornado Realty Trust		18,184,915
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		308,579,496
NONDEPOSITORY INSTITUTIONS - 0.00%
211,200	*,g,m	People's Choice Financial Corp		0
		TOTAL NONDEPOSITORY INSTITUTIONS		0
REAL ESTATE - 0.16%
322,000		Thomas Properties Group, Inc		505,540
		TOTAL REAL ESTATE		505,540
		TOTAL COMMON STOCKS		315,319,061
		(Cost $517,379,144)
		TOTAL INVESTMENTS - 98.82%		315,319,061
		(Cost $517,379,144)
		OTHER ASSETS AND LIABILITIES, NET - 1.18%		3,772,567
		NET ASSETS - 100.00%	$	319,091,628

299

TIAA-CREF FUNDS- Real Estate Securities Fund

*	Non-income producing.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers.
	At June 30, 2009 the value of these securities amounted to $0 or 0.00% of net assets.
m	Indicates a security that has been deemed illiquid.

300

TIAA-CREF Funds – Managed Allocation Fund

TIAA-CREF FUNDS
MANAGED ALLOCATION FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
SHARES	COMPANY		VALUE
TIAA-CREF FUNDS - 100.04%(a)
18,888,662	TIAA-CREF Bond Plus Fund	$	177,553,424
5,789,643	TIAA-CREF Enhanced International Equity Index Fund		32,885,173
7,025,979	TIAA-CREF Enhanced Large-Cap Growth Index Fund		47,917,179
7,307,299	TIAA-CREF Enhanced Large-Cap Value Index Fund		44,063,012
3,848,631	TIAA-CREF Growth & Income Fund		26,016,747
4,790,994	TIAA-CREF International Equity Fund		32,482,943
4,254,956	TIAA-CREF Large-Cap Growth Fund		31,784,524
3,158,667	TIAA-CREF Large-Cap Value Fund		29,312,426
200,770	TIAA-CREF Mid-Cap Growth Fund		2,375,113
189,849	TIAA-CREF Mid-Cap Value Fund		2,190,855
1,654,269	TIAA-CREF Small-Cap Equity Fund		15,285,446
	TOTAL TIAA-CREF FUNDS		441,866,842
	(Cost $509,545,831)
	TOTAL INVESTMENTS - 100.04%		441,866,842
	(Cost $509,545,831)
	OTHER ASSETS & LIABILITIES, NET - (0.04)%		(168,235	)
	NET ASSETS - 100.00%	$	441,698,607

(a) The fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

301

TIAA-CREF FUNDS- Bond Fund

TIAA-CREF FUNDS
BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
BONDS - 89.64%
CORPORATE BONDS - 26.75%
AMUSEMENT AND RECREATION SERVICES - 0.19%
$   500,000	g	Speedway Motorsports, Inc	8.750%	06/01/16	Ba1	$	506,250
1,480,000		Walt Disney Co	5.700	07/15/11	A2		1,583,449
178,357		Walt Disney Co	6.380	03/01/12	A2		195,877
1,500,000		Walt Disney Co	4.500	12/15/13	A2		1,563,690
		TOTAL AMUSEMENT AND RECREATION SERVICES					3,849,266
APPAREL AND ACCESSORY STORES - 0.03%
625,000		Nordstrom, Inc	6.750	06/01/14	Baa2		649,695
		TOTAL APPAREL AND ACCESSORY STORES					649,695
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.10%
500,000		Home Depot, Inc	5.250	12/16/13	Baa1		513,724
1,350,000		Lowe's Cos, Inc	8.250	06/01/10	A1		1,434,240
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES					1,947,964
BUSINESS SERVICES - 0.39%
670,000		Daimler Finance North America LLC	5.880	03/15/11	A3		681,138
1,350,000		Daimler Finance North America LLC	5.750	09/08/11	A3		1,377,532
178,357		Daimler Finance North America LLC	7.300	01/15/12	A3		184,697
3,275,000		Microsoft Corp	2.950	06/01/14	Aaa		3,251,240
1,800,000		Oracle Corp	3.750	07/08/14	A2		1,800,000
675,000		WPP Finance UK	8.000	09/15/14	Baa2		685,481
		TOTAL BUSINESS SERVICES					7,980,088
CHEMICALS AND ALLIED PRODUCTS - 1.25%
370,000		Abbott Laboratories	5.600	05/15/11	A1		395,305
985,000		Abbott Laboratories	5.130	04/01/19	A1		1,014,186
1,000,000		Air Products & Chemicals, Inc	4.150	02/01/13	A2		1,014,713
600,000		Amgen, Inc	5.850	06/01/17	A3		636,665
500,000		Bristol-Myers Squibb Co	6.130	05/01/38	A2		540,301
345,000		Clorox Co	5.450	10/15/12	Baa2		365,325
180,000		Colgate-Palmolive Co	6.450	06/16/28	Aa3		189,301
740,000		Ecolab, Inc	6.880	02/01/11	A2		789,830
1,105,000		EI Du Pont de Nemours & Co	4.130	03/06/13	A2		1,133,961
2,000,000		Eli Lilly & Co	3.550	03/06/12	A1		2,071,962
500,000		Eli Lilly & Co	5.950	11/15/37	A1		524,406
1,750,000		GlaxoSmithKline Capital, Inc	5.650	05/15/18	A1		1,853,607
720,000		GlaxoSmithKline Capital, Inc	6.380	05/15/38	A1		782,952
900,000		Johnson & Johnson	5.850	07/15/38	Aaa		964,537
2,515,000		Novartis Capital Corp	4.130	02/10/14	Aa2		2,588,865
1,200,000		Novartis Securities Investment Ltd	5.130	02/10/19	Aa2		1,227,703
2,150,000		Pfizer, Inc	4.450	03/15/12	Aa2		2,255,864
1,500,000		Pfizer, Inc	6.200	03/15/19	Aa2		1,640,436

302

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$   1,200,000		Praxair, Inc	5.250%	11/15/14	A2	$	1,275,676
2,300,000		Procter & Gamble Co	4.600	01/15/14	Aa3		2,418,869
960,000		Procter & Gamble Co	5.550	03/05/37	Aa3		972,180
705,000		Schering-Plough Corp	6.550	09/15/37	Baa1		756,030
178,357		Wyeth	6.950	03/15/11	A3		193,105
		TOTAL CHEMICALS AND ALLIED PRODUCTS					25,605,779
COMMUNICATIONS - 2.85%
390,000		America Movil SAB de C.V.	6.130	11/15/37	A3		356,558
1,900,000		AT&T Corp	7.300	11/15/11	A2		2,083,624
850,000		AT&T, Inc	6.700	11/15/13	A2		933,490
940,000		AT&T, Inc	6.150	09/15/34	A2		892,364
1,525,000		AT&T, Inc	6.500	09/01/37	A2		1,512,568
1,700,000		AT&T, Inc	6.550	02/15/39	A2		1,696,977
1,875,000		BellSouth Corp	5.200	09/15/14	A2		1,951,944
180,000		BellSouth Corp	6.880	10/15/31	A2		185,432
178,357		British Telecommunications plc	9.130	12/15/10	Baa2		189,428
178,357		CBS Corp	6.630	05/15/11	Baa3		180,547
175,000		Comcast Cable Communications Holdings, Inc	8.380	03/15/13	Baa1		199,500
330,000		Comcast Corp	5.650	06/15/35	Baa1		302,239
270,000		Comcast Corp	6.500	11/15/35	Baa1		272,941
1,400,000		Comcast Corp	6.550	07/01/39	Baa1		1,397,607
950,000		Deutsche Telekom International Finance BV	8.750	06/15/30	Baa1		1,112,193
833,357		France Telecom S.A.	7.750	03/01/11	A3		901,302
850,000	h	France Telecom S.A.	5.380	07/08/19	A3		856,146
1,330,000		New Cingular Wireless Services, Inc	7.880	03/01/11	A2		1,434,358
370,000		New Cingular Wireless Services, Inc	8.750	03/01/31	A2		450,960
700,000	g	Qtel International Finance Ltd	7.880	06/10/19	A1		712,164
750,000		Rogers Communications, Inc	6.800	08/15/18	Baa2		804,020
90,000		Sprint Capital Corp	8.380	03/15/12	Ba2		88,650
1,000,000		Sprint Capital Corp	8.750	03/15/32	Ba2		805,000
365,000		Sprint Nextel Corp	6.000	12/01/16	Ba2		298,388
1,025,000		Telecom Italia Capital S.A.	6.180	06/18/14	Baa2		1,036,558
550,000		Telecom Italia Capital S.A.	4.950	09/30/14	Baa2		526,525
1,000,000		Telecom Italia Capital S.A.	7.000	06/04/18	Baa2		1,011,656
1,900,000		Telecom Italia Capital S.A.	7.180	06/18/19	Baa2		1,926,021
1,075,000	h	Telefonica Emisiones SAU	5.880	07/15/19	Baa1		1,108,317
1,000,000	g	Telemar Norte Leste S.A.	9.500	04/23/19	Baa3		1,088,750
1,475,000		Time Warner Cable, Inc	6.200	07/01/13	Baa2		1,554,125
2,300,000		Time Warner Cable, Inc	5.850	05/01/17	Baa2		2,296,782
1,100,000		Time Warner Cable, Inc	6.750	07/01/18	Baa2		1,145,726
1,500,000		Time Warner Cable, Inc	8.750	02/14/19	Baa2		1,747,413
2,075,000		Time Warner Cable, Inc	8.250	04/01/19	Baa2		2,354,330
1,250,000		Verizon Communications, Inc	4.350	02/15/13	A3		1,276,829
645,000		Verizon Communications, Inc	8.750	11/01/18	A3		763,989
1,200,000		Verizon Communications, Inc	6.350	04/01/19	A3		1,248,349
650,000		Verizon Communications, Inc	6.400	02/15/38	A3		636,344
1,475,000		Verizon Communications, Inc	8.950	03/01/39	A3		1,862,657
670,000		Verizon New England, Inc	4.750	10/01/13	Baa2		664,685
1,120,000		Verizon New Jersey, Inc	5.880	01/17/12	Baa1		1,174,062
178,357		Verizon New York, Inc	6.880	04/01/12	Baa3		189,028
500,000		Verizon Virginia, Inc	4.630	03/15/13	Baa1		501,096

303

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$   3,275,000	g	Verizon Wireless Capital LLC	3.750%	05/20/11	A2	$	3,342,048
2,350,000	g	Verizon Wireless Capital LLC	5.550	02/01/14	A2		2,494,825
3,425,000	g	Verizon Wireless Capital LLC	8.500	11/15/18	A2		4,093,193
1,790,000		Viacom, Inc	5.750	04/30/11	Baa3		1,832,534
350,000		Viacom, Inc	6.130	10/05/17	Baa3		340,139
675,000		Vodafone Group plc	4.150	06/10/14	Baa1		664,409
900,000		Vodafone Group plc	5.380	01/30/15	Baa1		918,029
850,000		Vodafone Group plc	5.450	06/10/19	Baa1		835,848
		TOTAL COMMUNICATIONS					58,252,667
DEPOSITORY INSTITUTIONS - 6.55%
1,010,000		Asian Development Bank/Pasig	4.130	09/15/10	Aaa		1,042,140
6,600,000	g	BA Covered Bond Issuer	5.500	06/14/12	Aaa		6,492,882
178,357		Bank of America Corp	7.400	01/15/11	A3		183,097
500,000		Bank of America Corp	6.250	04/15/12	A2		513,715
5,000,000		Bank of America Corp	2.380	06/22/12	Aaa		5,050,010
1,075,000		Bank of America Corp	7.380	05/15/14	A2		1,110,492
1,700,000		Bank of America Corp	6.000	09/01/17	A2		1,545,647
1,750,000		Bank of America Corp	5.750	12/01/17	A2		1,558,249
1,700,000		Bank of America Corp	7.630	06/01/19	A2		1,707,584
2,275,000		Bank of America NA	5.300	03/15/17	A1		1,930,217
1,275,000		Bank of New York Mellon Corp	4.300	05/15/14	Aa2		1,295,556
875,000		Bank of New York Mellon Corp	5.450	05/15/19	Aa2		898,282
178,357		Bank One Corp	5.900	11/15/11	A1		186,791
2,225,000		Bank One Corp	5.250	01/30/13	A1		2,245,032
350,000	i	BB&T Capital Trust IV	6.820	06/12/57	A2		250,332
1,900,000		Capital One Bank USA NA	8.800	07/15/19	A3		1,941,086
750,000		Citigroup, Inc	5.100	09/29/11	A3		734,440
178,357		Citigroup, Inc	6.000	02/21/12	A3		176,345
12,000,000		Citigroup, Inc	2.130	04/30/12	Aaa		12,052,679
1,125,000		Citigroup, Inc	5.300	10/17/12	A3		1,085,128
2,570,000		Citigroup, Inc	5.130	05/05/14	A3		2,339,589
3,400,000		Citigroup, Inc	8.500	05/22/19	A3		3,458,613
1,700,000		Citigroup, Inc	6.880	03/05/38	A3		1,501,382
137,522	i	Countrywide Home Equity Loan Trust	0.540	02/15/29	B3		53,352
2,270,000		Credit Suisse	5.000	05/15/13	Aa1		2,320,673
2,150,000		Credit Suisse	5.500	05/01/14	Aa1		2,233,721
15,700,000	g	Depfa ACS Bank	5.130	03/16/37	Aa2		9,932,431
800,000		Deutsche Bank AG.	4.880	05/20/13	Aa1		821,178
270,000		Golden West Financial Corp	4.750	10/01/12	A1		273,531
330,000	g,i	HSBC Capital Funding LP	4.610	12/30/49	A3		232,053
900,000		HSBC Holdings plc	6.500	09/15/37	A1		870,582
670,000	i	ING Groep NV	5.780	12/30/49	A3		391,950
370,000		JPMorgan Chase & Co	7.880	06/15/10	A1		385,434
11,000,000		JPMorgan Chase & Co	3.130	12/01/11	Aaa		11,378,971
250,000		JPMorgan Chase & Co	4.500	01/15/12	Aa3		257,007
3,000,000		JPMorgan Chase & Co	2.130	12/26/12	Aaa		2,984,826
350,000		JPMorgan Chase & Co	6.000	01/15/18	Aa3		347,692
2,525,000		JPMorgan Chase & Co	6.300	04/23/19	Aa3		2,539,706
2,250,000		JPMorgan Chase & Co	6.400	05/15/38	Aa3		2,255,672
4,000,000		KeyBank NA	3.200	06/15/12	Aaa		4,135,072
1,690,000		M&I Marshall & Ilsley Bank	4.400	03/15/10	A3		1,655,837

304

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$   500,000	i	Manufacturers & Traders Trust Co	5.630%	12/01/21	A3	$	377,347
370,000		Mellon Funding Corp	6.400	05/14/11	Aa3		393,059
370,000		National Westminster Bank plc	7.380	10/01/09	Baa3		365,965
3,000,000		New York Community Bank	3.000	12/16/11	Aaa		3,083,631
2,800,000		Northern Trust Corp	4.630	05/01/14	A1		2,877,302
1,260,000	g,i	Rabobank Nederland NV	11.000	12/30/49	Aa2		1,401,750
2,000,000		Regions Bank	3.250	12/09/11	Aaa		2,075,132
1,400,000	g	Shinhan Bank	6.000	06/29/12	A2		1,393,886
2,000,000		Sovereign Bank	2.750	01/17/12	Aaa		2,026,710
7,000,000		State Street Corp	2.150	04/30/12	Aaa		7,031,674
1,400,000		State Street Corp	4.300	05/30/14	A1		1,384,099
1,825,000	g	Svenska Handelsbanken AB	4.880	06/10/14	Aa1		1,806,611
1,010,000		Union Bank of California NA	5.950	05/11/16	A3		934,348
1,300,000		Wachovia Bank NA	4.800	11/01/14	Aa3		1,259,977
2,000,000		Wachovia Bank NA	5.850	02/01/37	Aa3		1,764,274
1,800,000		Wachovia Corp	5.300	10/15/11	A1		1,875,775
2,530,000		Wells Fargo & Co	5.300	08/26/11	A1		2,675,247
4,000,000		Wells Fargo & Co	2.130	06/15/12	Aaa		4,011,716
4,900,000		Wells Fargo Bank NA	4.750	02/09/15	Aa3		4,646,361
		TOTAL DEPOSITORY INSTITUTIONS					133,753,840
ELECTRIC, GAS, AND SANITARY SERVICES - 2.15%
1,370,000		Alabama Power Co	5.800	11/15/13	A2		1,484,292
1,175,000		Atmos Energy Corp	8.500	03/15/19	Baa2		1,372,219
2,300,000		Carolina Power & Light Co	5.300	01/15/19	A2		2,401,183
330,000		Carolina Power & Light Co	5.700	04/01/35	A2		327,195
500,000		CenterPoint Energy Houston Electric LLC	7.000	03/01/14	Baa2		539,765
270,000		CenterPoint Energy Resources Corp	7.880	04/01/13	Baa3		288,000
1,000,000		CenterPoint Energy Resources Corp	6.250	02/01/37	Baa3		752,399
600,000		Commonweatlh Edison Co	5.900	03/15/36	Baa2		575,613
625,000		Connecticut Light & Power Co	5.500	02/01/19	A3		652,331
939,000		Consolidated Natural Gas Co	6.250	11/01/11	Baa2		1,002,025
330,000		Consolidated Natural Gas Co	5.000	12/01/14	Baa2		337,695
500,000		Consumers Energy Co	4.400	08/15/09	Baa1		500,937
1,400,000		Dominion Resources, Inc	8.880	01/15/19	Baa2		1,669,557
1,750,000		Duke Energy Carolinas LLC	5.750	11/15/13	A2		1,881,565
2,400,000		Duke Energy Corp	6.300	02/01/14	Baa2		2,591,133
1,175,000		Energy Transfer Partners LP	9.000	04/15/19	Baa3		1,341,783
550,000		Florida Power & Light Co	4.850	02/01/13	Aa3		571,738
1,700,000		Florida Power & Light Co	5.960	04/01/39	Aa3		1,823,347
670,000		Florida Power Corp	4.500	06/01/10	A2		686,903
500,000		Florida Power Corp	6.400	06/15/38	A2		555,959
950,000		Indiana Michigan Power Co	7.000	03/15/19	Baa2		1,021,035
290,000	g	Kansas Gas & Electric	6.700	06/15/19	Baa2		304,556
185,000		Kinder Morgan Energy Partners LP	5.850	09/15/12	Baa2		192,867
250,000		Kinder Morgan Energy Partners LP	5.630	02/15/15	Baa2		252,680
1,175,000		Kinder Morgan Energy Partners LP	9.000	02/01/19	Baa2		1,336,427
1,400,000	g	Korea Hydro & Nuclear Power Co Ltd	6.250	06/17/14	A2		1,396,531
270,000		National Fuel Gas Co	5.250	03/01/13	Baa1		265,269
950,000		Nevada Power Co	6.500	08/01/18	Baa3		971,405
2,020,000		Nisource Finance Corp	5.400	07/15/14	Baa3		1,911,360
330,000		Ohio Power Co	5.300	11/01/10	A3		342,471

305

TIAA-CREF FUNDS - Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
$   220,000	Oncor Electric Delivery Co	7.250%	01/15/33	Baa1	$	239,377
670,000	ONEOK Partners LP	5.900	04/01/12	Baa2		687,386
1,050,000	Pacific Gas & Electric Co	8.250	10/15/18	A3		1,281,344
700,000	Pacific Gas & Electric Co	6.250	03/01/39	A3		748,115
750,000	Pacificorp	6.000	01/15/39	A3		786,035
2,200,000	PG&E Corp	5.750	04/01/14	Baa1		2,344,139
200,000	Potomac Electric Power Co	7.900	12/15/38	Baa1		246,918
850,000	Progress Energy, Inc	7.050	03/15/19	Baa2		943,075
675,000	Public Service Co of Colorado	4.880	03/01/13	A3		702,819
270,000	Public Service Co of Colorado	5.500	04/01/14	A3		290,823
1,250,000	Public Service Electric & Gas Co	6.330	11/01/13	A3		1,366,578
660,000	Public Service Electric & Gas Co	5.300	05/01/18	A3		689,683
330,000	Puget Sound Energy, Inc	6.270	03/15/37	Baa2		302,211
475,000	San Diego Gas & Electric Co	6.000	06/01/39	A1		505,050
250,000	Southern California Edison Co	6.000	01/15/34	A2		265,215
1,100,000	Texas Eastern Transmission LP	7.300	12/01/10	A3		1,138,913
650,000	Veolia Environnement	5.250	06/03/13	A3		671,896
1,280,000	Virginia Electric and Power Co	4.750	03/01/13	Baa1		1,309,727
	TOTAL ELECTRIC, GAS, AND SANITARY SERVICES					43,869,544
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 0.22%
850,000	Analog Devices, Inc	5.000	07/01/14	A3		851,452
625,000	General Electric Co	5.250	12/06/17	Aa2		613,778
725,000	Koninklijke Philips Electronics NV	6.880	03/11/38	A3		776,580
925,000	Nokia OYJ	5.380	05/15/19	A1		935,855
1,225,000	Whirlpool Corp	8.000	05/01/12	Baa3		1,267,844
	TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT					4,445,509
ENGINEERING AND MANAGEMENT SERVICES - 0.06%
1,150,000	Quest Diagnostics, Inc	6.400	07/01/17	Baa3		1,173,725
	TOTAL ENGINEERING AND MANAGEMENT SERVICES					1,173,725
FABRICATED METAL PRODUCTS - 0.02%
425,000	CRH America, Inc	6.950	03/15/12	Baa1		427,058
	TOTAL FABRICATED METAL PRODUCTS					427,058
FOOD AND KINDRED PRODUCTS - 0.73%
1,525,000	Bottling Group LLC	6.950	03/15/14	Aa2		1,739,385
900,000	Bottling Group LLC	5.130	01/15/19	A2		917,313
600,000	Bunge Ltd Finance Corp	5.100	07/15/15	Baa2		550,181
700,000	Bunge Ltd Finance Corp	8.500	06/15/19	Baa2		731,956
700,000	Coca-Cola Enterprises, Inc	4.250	03/01/15	A3		707,907
2,000,000	ConAgra Foods, Inc	5.880	04/15/14	Baa2		2,120,349
937,000	Diageo Capital plc	5.130	01/30/12	A3		976,555
650,000	Diageo Finance BV	3.880	04/01/11	A3		665,954
925,000	General Mills, Inc	5.250	08/15/13	Baa1		976,978
1,500,000	General Mills, Inc	5.650	02/15/19	Baa1		1,567,746
178,357	Kraft Foods, Inc	6.250	06/01/12	Baa2		192,222
800,000	Kraft Foods, Inc	6.500	08/11/17	Baa2		842,582
755,000	Kraft Foods, Inc	6.130	02/01/18	Baa2		780,612
330,000	Kraft Foods, Inc	6.500	11/01/31	Baa2		327,656
850,000	PepsiAmericas, Inc	5.750	07/31/12	Baa1		910,952

306

TIAA-CREF FUNDS - Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
$   150,000	PepsiAmericas, Inc	4.380%	02/15/14	Baa1	$	151,090
550,000	PepsiCo, Inc	7.900	11/01/18	Aa2		669,132
178,357	Tyson Foods, Inc	8.250	10/01/11	B2		182,812
	TOTAL FOOD AND KINDRED PRODUCTS					15,011,382
FOOD STORES - 0.20%
875,000	Delhaize Group	5.880	02/01/14	Baa3		898,353
850,000	Delhaize Group	6.500	06/15/17	Baa3		867,997
740,000	Kroger Co	6.800	04/01/11	Baa2		783,409
175,000	Kroger Co	6.800	12/15/18	Baa2		187,315
325,000	Safeway, Inc	4.950	08/16/10	Baa2		331,672
900,000	Safeway, Inc	6.250	03/15/14	Baa2		965,830
	TOTAL FOOD STORES					4,034,576
GENERAL MERCHANDISE STORES - 0.19%
425,000	TJX Cos, Inc	6.950	04/15/19	A3		473,514
1,100,000	Wal-Mart Stores, Inc	3.000	02/03/14	Aa2		1,085,313
875,000	Wal-Mart Stores, Inc	5.250	09/01/35	Aa2		834,299
1,375,000	Wal-Mart Stores, Inc	6.200	04/15/38	Aa2		1,477,658
	TOTAL GENERAL MERCHANDISE STORES					3,870,784
HEALTH SERVICES - 0.03%
500,000	Express Scripts, Inc	7.250	06/15/19	Baa3		551,372
	TOTAL HEALTH SERVICES					551,372
HOLDING AND OTHER INVESTMENT OFFICES - 0.26%
435,000	BHP Billiton Finance Ltd	5.400	03/29/17	A1		454,364
575,000	Boston Properties LP	6.250	01/15/13	Baa2		572,333
350,000	Brandywine Operating Partnership LP	5.700	05/01/17	Baa3		242,599
178,357	EOP Operating LP	7.000	07/15/11	WR		180,070
200,000	ERP Operating LP	5.750	06/15/17	Baa1		186,576
50,000	Federal Realty Investment Trust	5.650	06/01/16	Baa1		43,797
375,000	Highwoods Properties, Inc	5.850	03/15/17	Ba1		298,646
150,000	Kimco Realty Corp	5.700	05/01/17	Baa1		124,364
55,000	National Retail Properties, Inc	6.880	10/15/17	Baa2		46,933
125,000	ProLogis	5.500	04/01/12	Baa2		115,075
300,000	ProLogis	5.500	03/01/13	Baa2		262,962
25,000	ProLogis	5.750	04/01/16	Baa2		19,705
525,000	ProLogis	5.630	11/15/16	Baa2		403,565
200,000	ProLogis	6.630	05/15/18	Baa2		157,481
500,000	Realty Income Corp	5.950	09/15/16	Baa1		444,745
525,000	Regency Centers LP	5.250	08/01/15	Baa2		426,194
50,000	Regency Centers LP	5.880	06/15/17	Baa2		40,507
275,000	Simon Property Group LP	6.750	05/15/14	A3		276,321
710,000	Simon Property Group LP	10.350	04/01/19	A3		806,725
325,000	Washington Real Estate Investment Trust	5.950	06/15/11	Baa1		306,647
	TOTAL HOLDING AND OTHER INVESTMENT OFFICES					5,409,609
INDUSTRIAL MACHINERY AND EQUIPMENT - 0.91%
325,000	Black & Decker Corp	8.950	04/15/14	Baa3		356,331
535,000	Caterpillar Financial Services Corp	6.130	02/17/14	A2		570,680

307

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$  1,690,000		Caterpillar, Inc	6.050%	08/15/36	A2	$	1,612,110
750,000		Dell, Inc	3.380	06/15/12	A2		763,454
425,000		Dell, Inc	5.880	06/15/19	A2		433,800
935,000		Dover Corp	6.500	02/15/11	A2		996,426
1,625,000		Hewlett-Packard Co	4.250	02/24/12	A2		1,696,078
1,750,000		Hewlett-Packard Co	2.950	08/15/12	A2		1,762,939
1,625,000		Hewlett-Packard Co	4.750	06/02/14	A2		1,696,403
650,000		Ingersoll-Rand Global Holding Co Ltd	9.500	04/15/14	Baa1		711,807
3,050,000		International Business Machines Corp	6.500	10/15/13	A1		3,408,893
850,000		International Game Technology	7.500	06/15/19	Baa2		857,633
3,075,000		ITT Corp	4.900	05/01/14	Baa1		3,053,972
675,000		Xerox Corp	8.250	05/15/14	Baa2		701,908
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT					18,622,434
INSTRUMENTS AND RELATED PRODUCTS - 0.10%
600,000		Medtronic, Inc	4.750	09/15/15	A1		631,058
270,000		Northrop Grumman Corp	7.750	02/15/31	Baa1		337,860
500,000		Thermo Fisher Scientific, Inc	5.000	06/01/15	Baa2		502,500
650,000		Xerox Corp	7.630	06/15/13	Baa2		654,701
		TOTAL INSTRUMENTS AND RELATED PRODUCTS					2,126,119
INSURANCE CARRIERS - 0.82%
850,000		ACE INA Holdings, Inc	5.880	06/15/14	A3		877,770
460,000		Aetna, Inc	6.500	09/15/18	A3		460,806
425,000		Aetna, Inc	6.630	06/15/36	A3		386,346
2,525,000		Aflac, Inc	8.500	05/15/19	A2		2,698,047
1,175,000		Allstate Corp	7.450	05/16/19	A3		1,271,186
1,325,000		American Financial Group, Inc	9.880	06/15/19	Baa2		1,325,423
750,000		Chubb Corp	6.000	05/11/37	A2		759,096
250,000		Metlife, Inc	5.000	06/15/15	A2		238,189
500,000		Metlife, Inc	5.700	06/15/35	A2		436,715
1,700,000		MetLife, Inc	6.750	06/01/16	A2		1,730,694
2,700,000		Prudential Financial, Inc	7.380	06/15/19	Baa2		2,650,941
1,600,000	g	Prudential Funding LLC	6.750	09/15/23	A3		1,488,138
1,100,000		Travelers Cos, Inc	5.900	06/02/19	A2		1,133,260
750,000		WellPoint, Inc	5.880	06/15/17	Baa1		734,029
655,000		WellPoint, Inc	5.850	01/15/36	Baa1		574,664
		TOTAL INSURANCE CARRIERS					16,765,304
METAL MINING - 0.13%
900,000		Barrick Gold Financeco LLC	6.130	09/15/13	Baa1		965,718
850,000		Rio Tinto Finance USA Ltd	5.880	07/15/13	Baa1		855,327
900,000		Rio Tinto Finance USA Ltd	6.500	07/15/18	Baa1		900,525
		TOTAL METAL MINING					2,721,570
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.11%
560,000		Harsco Corp	5.130	09/15/13	Baa1		569,773
1,650,000		Hasbro, Inc	6.130	05/15/14	Baa2		1,696,126
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES					2,265,899

308

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
MISCELLANEOUS RETAIL - 0.19%
$  2,650,000		CVS Caremark Corp	5.750%	06/01/17	Baa2	$	2,663,695
175,000		CVS Caremark Corp	6.600	03/15/19	Baa2		186,988
600,000		Staples, Inc	7.750	04/01/11	Baa2		634,500
300,000		Staples, Inc	9.750	01/15/14	Baa2		335,079
		TOTAL MISCELLANEOUS RETAIL					3,820,262
MOTION PICTURES - 0.09%
1,088,357		Time Warner, Inc	6.880	05/01/12	Baa2		1,164,265
850,000		Time Warner, Inc	6.500	11/15/36	Baa2		744,344
		TOTAL MOTION PICTURES					1,908,609
NONDEPOSITORY INSTITUTIONS - 4.17%
575,000		American Express Co	7.000	03/19/18	A3		558,347
1,125,000		American Express Co	8.130	05/20/19	A3		1,167,445
1,350,000	g	American Honda Finance Corp	5.130	12/15/10	A1		1,331,972
1,000,000	g	Anglo American Capital plc	9.380	04/08/14	Baa1		1,086,250
2,020,000	g	BAE Systems Holdings, Inc	6.400	12/15/11	Baa2		2,142,879
1,480,000		Capital One Financial Corp	5.700	09/15/11	Baa1		1,486,565
11,000,000		Citigroup Funding, Inc	2.000	03/30/12	Aaa		11,024,892
600,000		General Electric Capital Corp	5.880	02/15/12	Aa2		626,696
5,000,000		General Electric Capital Corp	2.250	03/12/12	Aaa		5,044,245
2,400,000		General Electric Capital Corp	2.200	06/08/12	Aaa		2,412,295
178,357		General Electric Capital Corp	6.000	06/15/12	Aa2		187,487
1,650,000		General Electric Capital Corp	5.900	05/13/14	Aa2		1,684,091
6,100,000		General Electric Capital Corp	5.500	06/04/14	Aa2		6,075,654
1,225,000		General Electric Capital Corp	6.880	01/10/39	Aa2		1,102,638
16,394,000		GMAC, Inc	2.200	12/19/12	Aaa		16,327,915
1,520,000		HSBC Finance Corp	5.250	01/14/11	A3		1,530,263
178,357		HSBC Finance Corp	7.000	05/15/12	A3		183,880
7,250,000		HSBC Finance Corp	6.380	11/27/12	A3		7,374,308
250,000		HSBC Finance Corp	4.750	07/15/13	A3		244,115
2,250,000		International Lease Finance Corp	5.750	06/15/11	Baa2		1,865,840
975,000		International Lease Finance Corp	5.630	09/20/13	Baa2		736,572
875,000		International Lease Finance Corp	6.630	11/15/13	Baa2		673,495
3,250,000		Kreditanstalt fuer Wiederaufbau	4.500	07/16/18	Aaa		3,329,716
775,000		Landwirtschaftliche Rentenbank	5.250	07/02/12	Aaa		837,824
3,000,000		Landwirtschaftliche Rentenbank	5.130	02/01/17	Aaa		3,178,056
500,000	g	Mantis Reef Ltd	4.800	11/03/09	A3		495,351
1,077,000		MBNA Corp	6.130	03/01/13	A2		1,092,391
178,357		National Rural Utilities Cooperative Finance Corp	7.250	03/01/12	A2		194,808
1,610,000		National Rural Utilities Cooperative Finance Corp	5.500	07/01/13	A1		1,700,711
850,000		National Rural Utilities Cooperative Finance Corp	10.380	11/01/18	A1		1,065,750
4,000,000	g	Nationwide Building Society	5.500	07/18/12	Aaa		3,780,392
1,700,000	g	Principal Life Global Funding I	5.130	10/15/13	Aa3		1,642,433
1,845,000		Svensk Exportkredit AB	5.130	03/01/17	Aa1		1,868,640
885,937		Totem Ocean Trailer Express, Inc	4.510	12/18/19	NR		915,031
60,000	g	WEA Finance LLC	7.130	04/15/18	A2		55,688
		TOTAL NONDEPOSITORY INSTITUTIONS					85,024,635
OIL AND GAS EXTRACTION - 1.11%
1,650,000		Anadarko Petroleum Corp	7.630	03/15/14	Baa3		1,788,782
850,000		Anadarko Petroleum Corp	8.700	03/15/19	Baa3		952,192

309

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$   850,000		Anadarko Petroleum Corp	7.950%	06/15/39	Baa3	$	883,835
1,325,000		Baker Hughes, Inc	6.500	11/15/13	A2		1,469,616
1,110,000		Baker Hughes, Inc	6.880	01/15/29	A2		1,167,003
600,000		BJ Services Co	5.750	06/01/11	Baa1		612,893
930,000		Burlington Resources Finance Co	6.400	08/15/11	A2		1,002,865
1,110,000		Burlington Resources Finance Co	7.200	08/15/31	A2		1,212,787
178,357		Devon Financing Corp ULC	6.880	09/30/11	Baa1		193,712
930,000	g	Empresa Nacional del Petroleo	6.250	07/08/19	A3		930,000
325,000		EnCana Corp	6.500	05/15/19	Baa2		348,402
350,000		EnCana Corp	6.630	08/15/37	Baa2		362,371
1,325,000		Enterprise Products Operating LLC	4.600	08/01/12	Baa3		1,334,063
700,000		Enterprise Products Operating LLC	6.300	09/15/17	Baa3		703,472
400,000		Enterprise Products Operating LLC	6.500	01/31/19	Baa3		406,521
500,000		Enterprise Products Operating LP	5.600	10/15/14	Baa3		513,869
725,000		EOG Resources, Inc	5.630	06/01/19	A3		758,802
500,000		Husky Energy, Inc	6.250	06/15/12	Baa2		516,083
400,000		Husky Energy, Inc	6.800	09/15/37	Baa2		396,822
550,000		Pemex Project Funding Master Trust	5.750	03/01/18	Baa1		506,000
375,000		Pemex Project Funding Master Trust	6.630	06/15/38	Baa1		324,375
900,000		Petrobras International Finance Co	7.880	03/15/19	Baa1		981,000
250,000	g	Petroleos Mexicanos	8.000	05/03/19	Baa1		271,250
785,909	g	Tengizchevroil Finance Co SARL	6.120	11/15/14	Baa3		707,318
2,230,000		XTO Energy, Inc	6.250	04/15/13	Baa2		2,363,021
1,000,000		XTO Energy, Inc	4.630	06/15/13	Baa2		1,003,543
850,000		XTO Energy, Inc	5.750	12/15/13	Baa2		893,716
		TOTAL OIL AND GAS EXTRACTION					22,604,313
PAPER AND ALLIED PRODUCTS - 0.03%
357		International Paper Co	6.750	09/01/11	Baa3		350
535,000		International Paper Co	9.380	05/15/19	Baa3		545,357
		TOTAL PAPER AND ALLIED PRODUCTS					545,707
PETROLEUM AND COAL PRODUCTS - 0.68%
1,650,000		BP Capital Markets plc	3.130	03/10/12	Aa1		1,683,170
2,500,000		BP Capital Markets plc	4.750	03/10/19	Aa1		2,486,872
1,625,000		Chevron Corp	3.450	03/03/12	Aa1		1,676,184
175,000		Chevron Corp	3.950	03/03/14	Aa1		180,174
2,125,000		ConocoPhillips	4.600	01/15/15	A1		2,183,745
1,725,000		ConocoPhillips	6.500	02/01/39	A1		1,836,147
500,000		Hess Corp	7.000	02/15/14	Baa2		541,521
700,000		Hess Corp	8.130	02/15/19	Baa2		796,918
625,000		Marathon Oil Corp	6.500	02/15/14	Baa1		668,156
625,000		Marathon Oil Corp	7.500	02/15/19	Baa1		682,158
625,000		StatoilHydro ASA	3.880	04/15/14	Aa2		633,878
700,000		Valero Energy Corp	6.630	06/15/37	Baa2		597,184
		TOTAL PETROLEUM AND COAL PRODUCTS					13,966,107
PIPELINES, EXCEPT NATURAL GAS - 0.26%
900,000	g	Rockies Express Pipeline LLC	6.250	07/15/13	Baa3		906,008
220,000		TransCanada Pipelines Ltd	4.000	06/15/13	A3		219,535
2,900,000		TransCanada Pipelines Ltd	7.690	06/30/16	A3		3,278,296
1,000,000		TransCanada Pipelines Ltd	5.850	03/15/36	A3		965,496
		TOTAL PIPELINES, EXCEPT NATURAL GAS					5,369,335

310

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
PRIMARY METAL INDUSTRIES - 0.09%
$   178,357		Alcoa, Inc	6.500%	06/01/11	Baa3	$	181,831
750,000		ArcelorMittal	5.380	06/01/13	Baa3		718,340
415,000		ArcelorMittal	9.850	06/01/19	Baa3		447,873
250,000	g	Xstrata Finance Canada Ltd	5.500	11/16/11	Baa2		246,345
350,000	g	Xstrata Finance Canada Ltd	6.900	11/15/37	Baa2		279,056
		TOTAL PRIMARY METAL INDUSTRIES					1,873,445
PRINTING AND PUBLISHING - 0.09%
300,000		News America, Inc	7.250	05/18/18	Baa1		302,704
330,000		News America, Inc	7.630	11/30/28	Baa1		316,026
1,125,000		Thomson Corp	5.700	10/01/14	Baa1		1,142,260
		TOTAL PRINTING AND PUBLISHING					1,760,990
RAILROAD TRANSPORTATION - 0.23%
670,000		Burlington Northern Santa Fe Corp	6.750	07/15/11	Baa1		719,932
450,000		Burlington Northern Santa Fe Corp	6.150	05/01/37	Baa1		449,356
370,000		Canadian National Railway Co	4.400	03/15/13	A3		378,099
625,000		Norfolk Southern Corp	5.750	04/01/18	Baa1		639,036
740,000		Norfolk Southern Corp	5.900	06/15/19	Baa1		766,906
1,263,000		Norfolk Southern Corp	5.590	05/17/25	Baa1		1,174,148
330,000		Union Pacific Corp	6.500	04/15/12	Baa2		347,729
250,000		Union Pacific Corp	5.130	02/15/14	Baa2		258,412
		TOTAL RAILROAD TRANSPORTATION					4,733,618
REAL ESTATE - 0.02%
750,000	g,i	USB Realty Corp	6.090	12/30/49	A2		435,000
		TOTAL REAL ESTATE					435,000
SECURITY AND COMMODITY BROKERS - 1.87%
1,500,000		Bear Stearns Cos, Inc	5.700	11/15/14	Aa3		1,528,304
950,000		Charles Schwab Corp	4.950	06/01/14	A2		966,316
178,357		Credit Suisse USA, Inc	6.500	01/15/12	Aa1		192,469
1,000,000		Eaton Vance Corp	6.500	10/02/17	A3		946,209
1,000,000	i	Goldman Sachs Capital II	5.790	12/30/49	A3		609,450
178,357		Goldman Sachs Group, Inc	6.600	01/15/12	A1		189,901
500,000		Goldman Sachs Group, Inc	5.300	02/14/12	A1		517,469
1,500,000		Goldman Sachs Group, Inc	5.700	09/01/12	A1		1,570,196
1,345,000		Goldman Sachs Group, Inc	5.150	01/15/14	A1		1,349,921
810,000		Goldman Sachs Group, Inc	6.000	05/01/14	A1		845,365
500,000		Goldman Sachs Group, Inc	5.350	01/15/16	A1		476,709
6,700,000		Goldman Sachs Group, Inc	7.500	02/15/19	A1		7,174,171
200,000		Goldman Sachs Group, Inc	6.450	05/01/36	A2		169,607
500,000		Goldman Sachs Group, Inc	6.750	10/01/37	A2		444,497
750,000	n	Lehman Brothers Holdings Capital Trust V	5.860	12/30/49	Ca		75
5,725,000		Merrill Lynch & Co, Inc	6.050	08/15/12	A2		5,740,131
1,875,000		Merrill Lynch & Co, Inc	5.450	02/05/13	A2		1,824,932
3,075,000		Merrill Lynch & Co, Inc	6.880	04/25/18	A2		2,846,085
4,100,000		Morgan Stanley	6.000	05/13/14	A2		4,151,119

311

TIAA-CREF FUNDS - Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
$  1,190,000	Morgan Stanley	5.750%	10/18/16	A2	$	1,140,849
1,375,000	Morgan Stanley	5.450	01/09/17	A2		1,283,950
965,000	Morgan Stanley	5.950	12/28/17	A2		925,975
835,000	Morgan Stanley	6.630	04/01/18	A2		832,417
2,500,000	Morgan Stanley	7.300	05/13/19	A2		2,592,375
	TOTAL SECURITY AND COMMODITY BROKERS					38,318,492
STONE, CLAY, AND GLASS PRODUCTS - 0.08%
305,000	3M Co	4.380	08/15/13	Aa2		324,306
1,300,000	3M Co	5.700	03/15/37	Aa2		1,354,237
	TOTAL STONE, CLAY, AND GLASS PRODUCTS					1,678,543
TOBACCO PRODUCTS - 0.15%
850,000	Philip Morris International, Inc	4.880	05/16/13	A2		891,979
1,675,000	Philip Morris International, Inc	6.880	03/17/14	A2		1,889,935
300,000	Philip Morris International, Inc	6.380	05/16/38	A2		319,181
	TOTAL TOBACCO PRODUCTS					3,101,095
TRANSPORTATION EQUIPMENT - 0.30%
1,900,000	Boeing Capital Corp Ltd	6.100	03/01/11	A2		2,023,812
435,000	Boeing Co	5.000	03/15/14	A2		457,978
100,000	Honeywell International, Inc	3.880	02/15/14	A2		102,179
775,000	Lockheed Martin Corp	6.150	09/01/36	Baa1		827,282
740,000	United Technologies Corp	6.350	03/01/11	A2		792,129
1,025,000	United Technologies Corp	6.130	02/01/19	A2		1,134,459
530,000	United Technologies Corp	5.400	05/01/35	A2		517,812
235,000	United Technologies Corp	6.050	06/01/36	A2		249,256
	TOTAL TRANSPORTATION EQUIPMENT					6,104,907
WHOLESALE TRADE-NONDURABLE GOODS - 0.10%
950,000	McKesson Corp	6.500	02/15/14	Baa3		1,013,573
850,000	Plains All American Pipeline LP	8.750	05/01/19	Baa3		964,537
	TOTAL WHOLESALE TRADE-NONDURABLE GOODS					1,978,110
	TOTAL CORPORATE BONDS					546,557,352
	(Cost $539,668,605)
GOVERNMENT BONDS - 62.89%
AGENCY SECURITIES - 6.16%
10,000,000	Federal Farm Credit Bank (FFCB)	2.630	04/21/11	Aaa		10,259,910
2,500,000	Federal Home Loan Bank (FHLB)	5.000	11/17/17	Aaa		2,660,285
4,000,000	FHLB	2.380	04/30/10	Aaa		4,063,088
5,100,000	Federal Home Loan Mortgage Corp (FHLMC)	2.500	04/23/14	Aaa		5,019,262
2,000,000	FHLMC	3.500	05/29/13	Aaa		2,081,068
2,500,000	FHLMC	3.750	03/27/19	Aaa		2,456,610
7,670,000	FHLMC	5.130	10/18/16	Aaa		8,399,785
5,000,000	FHLMC	3.250	07/16/10	Aaa		5,140,360
3,500,000	FHLMC	4.880	02/09/10	Aaa		3,594,248

312

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$  3,000,000		FHLMC	4.130%	12/21/12	Aaa	$	3,199,572
7,500,000		FHLMC	5.500	08/20/12	Aaa		8,299,065
4,000,000		Federal National Mortgage Association (FNMA)	5.000	10/15/11	Aaa		4,323,420
10,000,000		FNMA	2.750	03/13/14	Aaa		9,978,600
10,000,000		FNMA	2.500	05/15/14	Aaa		9,830,790
4,200,000		FNMA	7.130	06/15/10	Aaa		4,466,582
1,975,000		FNMA	3.250	08/12/10	Aaa		2,033,031
5,000,000		FNMA	1.380	04/28/11	Aaa		5,012,940
1,529,163		Cal Dive I- Title XI, Inc	4.930	02/01/27	NR		1,540,387
1,320,933		Overseas Private Investment Corp	3.420	01/15/15	NR		1,370,323
5,000,000		Private Export Funding Corp	4.900	12/15/11	Aaa		5,396,435
7,500,000		Private Export Funding Corp	3.550	04/15/13	Aaa		7,780,455
13,000,000		Private Export Funding Corp	5.450	09/15/17	Aaa		13,946,193
5,000,000		Private Export Funding Corp	4.380	03/15/19	Aaa		4,996,735
		TOTAL AGENCY SECURITIES					125,849,144
FOREIGN GOVERNMENT BONDS - 2.40%
1,400,000	g	Banco Nacional de Desenvolvimento Economico e Social	6.500	06/10/19	Baa3		1,402,800
1,690,000		Canada Mortgage & Housing Corp	4.800	10/01/10	Aaa		1,755,447
1,110,000		China Development Bank	5.000	10/15/15	A1		1,145,608
100,000		China Government International Bond	4.750	10/29/13	A1		105,337
600,000		Development Bank of Japan	4.250	06/09/15	Aaa		584,011
840,000		Eksportfinans A/S	5.000	02/14/12	Aa1		891,279
600,000		European Investment Bank	4.880	02/15/36	Aaa		578,483
1,690,000	g	Federal Republic of Germany	3.880	06/01/10	Aaa		1,705,928
2,535,000		Federative Republic of Brazil	6.000	01/17/17	Ba1		2,602,178
1,800,000		Federative Republic of Brazil	8.000	01/15/18	WR		2,016,000
2,020,000		International Finance Corp	5.130	05/02/11	Aaa		2,079,291
178,357		Italian Republic	5.630	06/15/12	NR		194,480
1,275,000		Italy Government International Bond	5.380	06/12/17	NR		1,295,848
3,600,000		Japan Finance Corp	2.000	06/24/11	Aaa		3,606,509
242,000		Mexico Government International Bond	6.380	01/16/13	Baa1		261,360
130,000		Mexico Government International Bond	5.880	01/15/14	Baa1		136,825
750,000		Mexico Government International Bond	6.750	09/27/34	Baa1		756,375
700,000		Mexico Government International Bond	6.050	01/11/40	Baa1		635,950
1,150,000		Oesterreichische Kontrollbank AG.	5.000	04/25/17	Aaa		1,160,196
1,500,000		Province of Manitoba Canada	5.000	02/15/12	Aa1		1,585,434
3,740,000		Province of Ontario Canada	3.130	09/08/10	Aa1		3,818,181
5,000,000		Province of Ontario Canada	2.630	01/20/12	Aa1		5,084,179
6,000,000		Province of Ontario Canada	4.100	06/16/14	Aa1		6,118,853
178,357		Province of Quebec Canada	6.130	01/22/11	Aa2		190,559
2,600,000		Province of Quebec Canada	5.130	11/14/16	Aa2		2,695,709
1,285,000		Province of Quebec Canada	4.630	05/14/18	Aa2		1,271,506
930,000		Province of Quebec Canada	7.500	09/15/29	Aa2		1,140,295
1,350,000		Province of Saskatchewan Canada	8.000	02/01/13	Aa1		1,556,645
1,267,000	g	Qatar Govt International Bond	6.550	04/09/19	Aa2		1,297,091
489,000		Republic of Peru	7.130	03/30/19	Ba1		522,008
670,000		South Africa Government International Bond	6.880	05/27/19	Baa1		688,425
205,000		United Mexican States	5.880	02/17/14	Baa1		214,738
		TOTAL FOREIGN GOVERNMENT BONDS					49,097,528

313

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
MORTGAGE BACKED - 36.38%
$  3,453,877	h,i	Federal Home Loan Mortgage Corp (FHLMC)	6.000%	05/01/37	$	3,630,775
4,349,890	h,i	FHLMC	5.880	04/01/37		4,449,026
4,341,543	h,i	FHLMC	5.740	03/01/37		4,508,195
3,934,327	h,i	FHLMC	5.840	09/01/37		4,148,223
3,068,293	h,i	FHLMC	5.830	08/01/37		3,237,546
1,356,573	h,i	FHLMC	5.710	06/01/37		1,424,140
567,014	h,i	FHLMC	5.790	07/01/36		589,485
1,606,400	h,i	FHLMC	3.730	02/01/36		1,615,713
1,514,490		FHLMC	4.500	09/15/35		1,546,627
2,748,730	h,i	FHLMC	6.080	09/01/36		2,878,288
1,445,617	h,i	FHLMC	5.950	09/01/36		1,518,002
1,370,693	h,i	FHLMC	4.900	09/01/36		1,376,214
902,966		Federal Home Loan Mortgage Corp Gold (FGLMC)	5.000	10/01/35		921,978
538,265		FGLMC	6.000	08/01/35		563,339
314,659		FGLMC	5.500	08/01/35		325,915
2,723,366		FGLMC	5.000	11/01/35		2,780,706
1,289,206		FGLMC	5.000	02/01/36		1,316,349
736,763		FGLMC	7.000	01/01/36		794,548
877,938		FGLMC	6.000	01/01/36		918,011
766,847		FGLMC	5.500	12/01/34		794,998
12,896,249		FGLMC	5.000	12/01/34		13,181,881
2,632,190		FGLMC	5.000	05/01/34		2,690,489
4,234,527		FGLMC	4.500	04/01/35		4,232,500
899,011		FGLMC	6.000	07/01/35		940,889
2,675,530		FGLMC	7.000	05/01/35		2,904,344
2,042,596		FGLMC	6.000	05/01/35		2,137,744
2,712,556		FGLMC	5.500	04/01/36		2,805,350
5,806,340		FGLMC	6.000	11/01/38		6,066,505
848,718		FGLMC	5.500	07/01/38		877,307
5,460,532		FGLMC	5.000	04/01/38		5,561,543
2,972,009		FGLMC	5.500	01/01/39		3,072,118
6,000,000	h	FGLMC	6.500	08/15/39		6,354,372
4,000,000	h	FGLMC	4.000	06/01/39		3,865,530
6,991,440		FGLMC	4.500	05/01/39		6,968,432
4,350,818		FGLMC	5.500	01/01/37		4,499,655
1,876,560		FGLMC	6.500	10/01/36		1,996,814
626,348		FGLMC	6.500	05/01/36		666,485
7,278,340		FGLMC	5.500	04/01/37		7,523,913
1,316,465		FGLMC	5.000	04/01/38		1,340,818
1,370,668		FGLMC	6.000	09/01/37		1,432,161
2,914,863		FGLMC	6.000	08/01/37		3,045,633
5,092,682		FGLMC	5.000	01/01/34		5,207,864
6,495,052		FGLMC	4.500	06/01/21		6,691,663
56,777		FGLMC	7.000	10/01/20		62,118
410,371		FGLMC	4.500	07/01/20		422,794
10,700,672		FGLMC	4.500	06/01/21		11,024,590
14,775		FGLMC	6.500	03/01/29		15,883
99,205		FGLMC	6.500	01/01/29		106,647
6,151		FGLMC	6.500	10/01/28		6,612
4,306		FGLMC	7.500	06/01/16		4,594
3,769		FGLMC	7.500	05/01/16		4,021
36,442		FGLMC	7.500	01/01/16		38,883

314

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
$  1,947,948		FGLMC	4.500%	09/01/18	$	2,020,306
2,457,303		FGLMC	5.000	05/01/20		2,556,978
3,559,535		FGLMC	4.500	05/01/19		3,659,499
2,065,172		FGLMC	4.500	01/01/19		2,123,169
61,389		FGLMC	6.500	07/01/29		65,956
1,576,623		FGLMC	5.500	09/01/33		1,635,484
1,489,275		FGLMC	5.500	09/01/33		1,544,876
3,306,673		FGLMC	5.000	09/01/33		3,381,461
1,226,030		FGLMC	5.500	09/01/33		1,271,802
9,854,732		FGLMC	7.000	12/01/33		10,697,518
5,418,040		FGLMC	5.500	12/01/33		5,625,397
1,844,000		FGLMC	5.500	10/01/33		1,912,844
112,389		FGLMC	8.000	09/01/31		123,111
99,949		FGLMC	6.500	09/01/31		107,259
10,963		FGLMC	8.000	01/01/31		12,059
667,862		FGLMC	7.000	12/01/31		724,979
1,888,720		FGLMC	4.500	07/01/33		1,888,996
421,739		FGLMC	6.000	03/01/33		443,230
2,598,777		FGLMC	6.000	03/01/33		2,734,452
2,951,252	i	Federal National Mortgage Association (FNMA)	5.950	07/01/36		3,075,867
4,728,576		FNMA	6.000	06/01/36		4,977,083
1,392,759		FNMA	6.500	09/01/36		1,485,709
3,186,353	i	FNMA	5.980	07/01/36		3,318,736
1,994,477		FNMA	5.500	04/01/36		2,066,446
3,060,310		FNMA	5.000	02/01/36		3,126,656
909,018		FNMA	5.000	02/01/36		923,186
2,271,275		FNMA	6.500	02/01/36		2,425,340
3,823,286	i	FNMA	5.740	02/01/36		3,979,575
4,274,749		FNMA	5.500	03/01/37		4,418,980
603,225		FNMA	7.000	02/01/37		655,213
1,224,611		FNMA	6.500	03/01/37		1,305,957
2,429,992		FNMA	6.500	03/01/37		2,592,166
1,189,484	i	FNMA	6.030	02/01/37		1,255,307
2,904,224		FNMA	6.000	12/01/36		3,042,231
522,296	i	FNMA	5.770	12/01/36		548,721
10,384,943		FNMA	5.500	02/01/37		10,741,824
2,365,059		FNMA	5.000	02/01/37		2,411,898
349,839		FNMA	5.000	02/01/36		355,291
834,243		FNMA	5.500	05/01/35		864,346
727,855		FNMA	6.000	04/01/35		765,399
110,828		FNMA	7.500	06/01/35		120,425
2,037,359		FNMA	6.000	05/01/35		2,137,356
3,243,034		FNMA	5.500	04/01/35		3,360,055
803,775		FNMA	5.500	01/01/35		833,532
7,235,697		FNMA	4.500	01/01/35		7,266,152
5,799,784		FNMA	5.500	04/01/35		6,014,501
19,302,774		FNMA	5.500	02/01/35		20,029,455
4,556,416		FNMA	5.500	11/01/35		4,720,830
794,114		FNMA	5.000	11/01/35		805,786
2,320,760		FNMA	6.000	12/01/35		2,434,667
317,794		FNMA	5.500	12/01/35		329,262
2,856,243		FNMA	5.500	10/01/35		2,959,307

315

TIAA-CREF FUNDS - Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
$  7,295,514		FNMA	5.500%	09/01/35	$	7,570,164
2,872,075		FNMA	5.000	08/01/35		2,934,341
2,570,734		FNMA	5.500	10/01/35		2,663,496
2,347,405		FNMA	5.000	10/01/35		2,398,296
3,269,919		FNMA	4.500	01/01/39		3,267,659
1,679,339	i	FNMA	4.910	10/01/38		1,739,077
3,009,668		FNMA	6.000	01/01/39		3,149,225
3,144,097		FNMA	5.500	01/01/39		3,250,002
1,834,709	i	FNMA	5.240	09/01/38		1,911,934
13,477,732		FNMA	5.000	04/01/38		13,743,896
5,403,921		FNMA	5.000	04/01/38		5,510,640
23,000,000	h	FNMA	6.500	08/25/38		24,394,375
4,328,791		FNMA	5.000	05/01/38		4,414,277
16,000,000	h	FNMA	4.500	07/25/39		15,964,992
4,041,790		FNMA	4.500	05/01/39		4,038,593
24,000,000	h	FNMA	6.000	08/25/39		24,997,487
5,000,000	h	FNMA	5.000	07/25/39		5,090,625
3,189,702		FNMA	5.000	04/01/39		3,252,375
3,127,756		FNMA	4.500	02/01/39		3,125,594
2,821,388		FNMA	6.000	01/01/39		2,952,215
2,722,355		FNMA	5.500	02/01/39		2,814,055
7,851,538		FNMA	4.500	02/01/39		7,846,113
5,686,736		FNMA	5.000	04/01/38		5,799,040
1,213,728		FNMA	6.000	09/01/37		1,270,265
974,594		FNMA	6.000	09/01/37		1,019,992
6,125,549	i	FNMA	5.900	10/01/37		6,441,218
2,987,873		FNMA	6.500	09/01/37		3,186,345
1,618,051		FNMA	6.000	09/01/37		1,693,423
4,001,877		FNMA	6.500	08/01/37		4,267,705
2,525,042		FNMA	7.000	04/01/37		2,742,661
1,448,794		FNMA	6.000	09/01/37		1,516,281
1,027,372		FNMA	6.500	08/01/37		1,095,616
5,401,194		FNMA	6.500	03/01/38		5,759,668
207,340		FNMA	6.500	02/01/38		221,112
2,450,037		FNMA	6.500	03/01/38		2,612,645
857,125		FNMA	6.500	03/01/38		914,012
11,008,478		FNMA	5.500	02/01/38		11,379,288
2,692,139		FNMA	7.000	11/01/37		2,924,158
1,221,714		FNMA	6.000	10/01/37		1,278,624
591,987		FNMA	6.500	01/01/38		631,310
6,140,017		FNMA	5.500	01/01/38		6,347,183
375,421		FNMA	6.000	12/01/34		394,786
5,246,417		FNMA	5.000	07/01/23		5,436,796
5,153,545		FNMA	4.500	06/01/23		5,266,580
627,631		FNMA	5.000	11/01/23		644,647
3,625,074		FNMA	5.000	07/01/23		3,756,619
1,146,485		FNMA	5.000	03/01/21		1,200,513
306,878		FNMA	4.500	05/01/19		317,894
159,213		FNMA	6.000	01/01/19		168,756
1,665,360		FNMA	5.000	12/01/20		1,734,993
772,371		FNMA	5.000	03/01/20		808,769
8,743,715		FNMA	5.000	10/01/25		8,960,626

316

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
$      3,900,877		FNMA	5.000%	03/01/25	$	3,997,649
11,639		FNMA	6.500	04/01/29		12,534
2,220		FNMA	7.500	01/01/29		2,421
7,000,000	h	FNMA	4.500	07/25/24		7,140,000
3,978,417		FNMA	4.000	05/01/24		3,985,048
516,870		FNMA	5.500	02/01/24		537,974
3,910		FNMA	8.000	07/01/24		4,269
295,190		FNMA	5.500	07/01/24		307,038
2,864,302		FNMA	5.000	11/01/18		2,979,251
25,478		FNMA	6.000	06/01/14		27,101
1,489,026		FNMA	4.780	02/01/14		1,556,007
4,407,180		FNMA	4.640	11/01/14		4,570,902
798		FNMA	6.500	07/01/14		848
20,114		FNMA	6.500	12/01/13		21,371
1,837,917		FNMA	4.440	07/01/13		1,903,778
54,141		FNMA	5.000	06/01/13		55,812
1,968,686		FNMA	4.760	10/01/13		2,058,016
25,540		FNMA	6.000	09/01/13		27,167
281,357		FNMA	5.500	04/01/18		296,305
3,244,412		FNMA	5.500	04/01/18		3,426,708
1,262,927		FNMA	4.500	10/01/18		1,310,234
139,077		FNMA	5.500	05/01/18		146,892
1,523,561		FNMA	5.000	12/01/17		1,595,835
56,716		FNMA	6.500	10/01/16		60,210
5,234,525		FNMA	4.870	03/01/16		5,477,610
222,838		FNMA	6.500	04/01/17		236,183
298,848		FNMA	6.500	11/01/16		317,259
3,781,673		FNMA	6.000	02/01/34		3,982,648
2,780,127		FNMA	5.500	12/01/33		2,884,789
1,021,497		FNMA	5.000	03/01/34		1,045,079
501,154		FNMA	5.000	03/01/34		512,723
8,400,878		FNMA	5.000	11/01/33		8,594,820
941,477		FNMA	5.000	10/01/33		963,211
1,075,078		FNMA	5.000	10/01/33		1,099,898
3,629,093		FNMA	5.500	10/01/33		3,765,716
2,173,145		FNMA	5.500	10/01/33		2,254,956
6,092,756		FNMA	5.500	09/01/34		6,318,319
1,086,252		FNMA	6.000	08/01/34		1,143,980
1,017,286		FNMA	6.000	11/01/34		1,069,759
1,622,801		FNMA	5.500	09/01/34		1,682,879
9,157,364		FNMA	5.000	08/01/34		9,352,037
7,112,054		FNMA	5.000	03/01/34		7,276,243
371,294		FNMA	5.000	03/01/34		379,865
2,942,563		FNMA	5.000	04/01/34		3,008,196
327,240		FNMA	5.000	03/01/34		334,795
2,057,333		FNMA	4.500	10/01/33		2,063,742
8,337		FNMA	6.500	10/01/31		8,959
17,450		FNMA	6.500	09/01/31		18,753
235,027		FNMA	6.000	01/01/32		247,958
92,802		FNMA	6.500	11/01/31		99,735
9,495		FNMA	7.500	05/01/31		10,367
2,093		FNMA	7.500	07/01/29		2,281

317

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
$      16,997		FNMA	7.500%	07/01/29	$	18,517
16,134		FNMA	7.500	03/01/31		17,614
2,742		FNMA	7.500	02/01/31		2,994
934,135		FNMA	5.000	08/01/33		955,700
1,203,776		FNMA	4.500	08/01/33		1,207,526
902,210		FNMA	5.500	09/01/33		936,175
686,639		FNMA	5.500	09/01/33		712,489
2,002,713		FNMA	4.500	03/25/33		2,070,572
11,993,361		FNMA	6.000	01/01/33		12,657,227
2,693,906		FNMA	5.500	01/01/33		2,797,847
351,562		FNMA	5.000	02/01/33		359,678
2,048,206		FNMA	5.000	02/01/33		2,099,139
3,062,155		Government National Mortgage Association (GNMA)	5.000	04/15/38		3,128,661
1,279,093		GNMA	6.000	12/15/37		1,334,204
4,000,000	h	GNMA	5.000	07/15/38		4,077,500
3,482,681		GNMA	5.500	07/15/38		3,602,670
6,000,000	h	GNMA	5.500	07/15/38		6,195,000
2,279,645		GNMA	5.500	02/20/36		2,351,136
5,719,377		GNMA	5.500	05/20/35		5,899,658
475,301		GNMA	6.000	10/20/36		494,762
1,583,437		GNMA	6.000	02/20/37		1,650,949
485,568		GNMA	6.000	01/20/37		506,271
3,508,825		GNMA	5.500	07/20/38		3,619,974
7,226,927		GNMA	5.000	06/15/39		7,383,887
7,773,073		GNMA	5.000	06/15/39		7,941,894
9,000,000	h	GNMA	6.000	07/15/39		9,374,058
3,988,083		GNMA	6.500	01/15/44		4,328,985
2,485,565		GNMA	6.230	09/15/43		2,534,287
1,552,527		GNMA	6.000	08/20/38		1,618,699
1,565,379		GNMA	6.000	08/15/38		1,632,580
1,542,806		GNMA	6.500	11/20/38		1,634,414
6,989,976		GNMA	4.500	05/15/39		6,991,887
2,992,017		GNMA	4.500	03/15/39		2,992,835
5,985,600		GNMA	5.000	03/20/35		6,094,186
33,190		GNMA	6.500	11/15/28		35,847
10,203		GNMA	6.500	09/15/28		11,020
9,851		GNMA	7.500	11/15/28		10,811
30,642		GNMA	8.500	10/15/30		34,241
1,616		GNMA	8.500	07/15/30		1,806
2,067		GNMA	7.000	02/15/28		2,254
386		GNMA	7.000	01/15/28		421
2,085		GNMA	7.000	06/15/28		2,274
58,857		GNMA	6.500	09/15/28		63,568
2,982		GNMA	7.000	06/15/28		3,252
32,796		GNMA	8.500	10/20/30		36,514
2,710		GNMA	6.500	03/15/33		2,884
16,136		GNMA	7.500	02/15/32		17,586
895,633		GNMA	5.500	07/15/33		930,689
809,744		GNMA	5.500	02/20/35		835,268
1,952,513		GNMA	5.500	09/15/33		2,028,936
7,063		GNMA	7.000	06/20/31		7,694
4,861		GNMA	8.500	12/15/30		5,431

318

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$      7,123		GNMA	6.500%	07/15/31		$	7,673
30,220		GNMA	7.000	07/15/31			33,026
31,259		GNMA	7.000	07/15/31			34,162
		TOTAL MORTGAGE BACKED					743,291,283
MUNICIPAL BONDS - 0.03%
670,000		Charlotte-Mecklenburg Hospital Authority	5.000	08/01/15	Aaa		694,020
		TOTAL MUNICIPAL BONDS					694,020
U.S. TREASURY SECURITIES - 17.92%
44,236,000		United States Treasury Bond	8.000	11/15/21			61,031,877
20,650,000		United States Treasury Bond	5.250	02/15/29			23,224,807
5,194,000		United States Treasury Bond	5.380	02/15/31			5,961,736
101,000		United States Treasury Bond	4.500	02/15/36			104,046
2,509,000		United States Treasury Bond	4.380	02/15/38			2,533,699
1,030,000		United States Treasury Note	0.880	03/31/11			1,028,592
29,350,000		United States Treasury Note	0.880	05/31/11			29,244,634
20,850,000	h	United States Treasury Note	1.130	06/30/11			20,851,668
4,659,000		United States Treasury Note	1.380	05/15/12			4,632,816
4,000,000		United States Treasury Note	1.880	06/15/12			4,029,080
4,530,000		United States Treasury Note	3.130	08/31/13			4,693,152
17,458,000		United States Treasury Note	2.750	10/31/13			17,781,252
41,182,000		United States Treasury Note	2.000	11/30/13			40,577,118
29,287,000		United States Treasury Note	1.880	04/30/14			28,419,812
33,740,000		United States Treasury Note	2.250	05/31/14			33,286,534
19,350,000		United States Treasury Note	2.630	06/30/14			19,410,566
3,750,000		United States Treasury Note	2.630	02/29/16			3,638,966
4,600,000		United States Treasury Note	2.380	03/31/16			4,383,299
3,475,000		United States Treasury Note	2.630	04/30/16			3,359,891
11,900,000		United States Treasury Note	3.250	05/31/16			11,952,063
12,763,000		United States Treasury Note	4.750	08/15/17			13,991,439
12,312,000		United States Treasury Note	4.000	08/15/18			12,770,819
20,000		United States Treasury Note	2.750	02/15/19			18,731
2,973,000		United States Treasury Note	3.130	05/15/19			2,875,456
3,000,000		United States Treasury Note	6.380	08/15/27			3,786,564
8,990,000		United States Treasury Note	3.500	02/15/39			7,773,563
11,000,000	j	United States Treasury Strip Principal	0.000	08/15/27			4,873,506
		TOTAL U.S. TREASURY SECURITIES					366,235,686
		TOTAL GOVERNMENT BONDS					1,285,167,661
		(Cost $1,255,115,628)
		TOTAL BONDS					1,831,725,013
		(Cost $1,794,784,233)
STRUCTURED ASSETS - 7.02%
ASSET BACKED - 3.63%
4,688,713		AmeriCredit Automobile Receivables Trust	5.160	04/06/12	Aa3		4,730,286
		Series - 2007 BF (Class A3A)
2,400,000		AmeriCredit Automobile Receivables Trust	5.640	09/06/13	Aa3		2,406,600
		Series - 2006 AF (Class A4)

319

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$      55,677	g	Asset Backed Funding Corp NIM Trust	5.900%	07/26/35	Ca	$	6
		Series - 2006 WMC1 (Class N1)
500,000	i	Capital One Auto Finance Trust	0.350	05/15/13	Baa2		457,578
		Series - 2006 C (Class A4)
5,000,000	i	Capital One Multi-Asset Execution Trust	0.350	03/16/15	Aaa		4,807,874
		Series - 2007 A4 (Class A4)
703,544	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	Aa2		327,233
		Series - 2004 2 (Class 1M1)
715,744	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	Baa2		283,045
		Series - 2004 2 (Class 1B)
5,450,000		Chase Issuance Trust	4.260	05/15/13	Aaa		5,606,945
		Series - 2008 A9 (Class A9)
1,050,273		CIT Group Home Equity Loan Trust	6.200	02/25/30	Aa2		752,912
		Series - 2002 1 (Class AF6)
1,600,000		Citicorp Mortgage Securities, Inc	5.710	07/25/36	Aaa		1,503,941
		Series - 2006 1 (Class A3)
4,700,000		Citicorp Mortgage Securities, Inc	5.560	09/25/36	Aaa		4,402,839
		Series - 2006 2 (Class A3)
5,000,000		CNH Equipment Trust	5.280	11/15/12	Aaa		5,182,235
		Series - 2009 A (Class A3)
1,373,656	g	Credit-Based Asset Servicing and Securitization LLC	6.160	12/25/36	Aaa		1,150,835
		Series - 2007 MX1 (Class A1)
7,000,000	g	Flagstar Home Equity Loan Trust	5.780	01/25/35	B3		3,237,232
		Series - 2007 1A (Class AF3)
48,933	i	GMAC Mortgage Corporation Loan Trust 2005-HE2 A3	4.620	11/25/35	B1		46,338
		Series - 2005 HE2 (Class A3)
1,388,047		GMAC Mortgage Corporation Loan Trust 2006-HLTV A3	5.590	10/25/29	Baa2		1,115,651
		Series - 2006 HLTV (Class A3)
1,350,000		GMAC Mortgage Corporation Loan Trust 2006-HLTV A4	5.810	10/25/29	Baa3		586,648
		Series - 2006 HLTV (Class A4)
5,000,000		HFC Home Equity Loan Asset Backed Certificates	5.730	03/20/36	Aaa		2,662,712
		Series - 2007 1 (Class A3F)
386,151		HFC Home Equity Loan Asset Backed Certificates	5.790	03/20/36	Aaa		380,928
		Series - 2006 4 (Class A1F)
1,040,590		HFC Home Equity Loan Asset Backed Certificates	5.910	03/20/36	Aaa		971,338
		Series - 2007 1 (Class A1F)
524,046		Household Automotive Trust	5.610	08/17/11	Aaa		533,902
		Series - 2006 2 (Class A3)
4,510,000		Household Credit Card Master Note Trust I	5.100	06/15/12	Aaa		4,519,877
		Series - 2006 1 (Class A)
4,000,000	g	JPMorgan Auto Receivables Trust	5.220	07/15/15	A1		3,845,000
		Series - 2008 A (Class C)
1,875,745	g	JPMorgan Auto Receivables Trust	5.190	02/15/11	Aaa		1,892,622
		Series - 2007 A (Class A3)
1,331,685	g	Marriott Vacation Club Owner Trust	5.740	04/20/28	Aaa		1,173,897
		Series - 2006 1A (Class A)
1,451,035	g	Marriott Vacation Club Owner Trust	5.520	05/20/29	Aaa		1,150,898
		Series - 2007 1A (Class A)
1,150,000		Merrill Auto Trust Securitization	6.150	04/15/15	Aaa		1,188,412
		Series - 2008 1 (Class A4A)
2,182,359		Nissan Auto Lease Trust	5.100	07/16/12	Aaa		2,183,197
		Series - 2006 A (Class A4)

320

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$      8,000,000	i	Residential Asset Mortgage Products, Inc	0.930%	11/25/34	Aa1	$	5,195,491
		Series - 2004 RS11 (Class M1)
286,507	i	Residential Asset Securities Corp	6.490	10/25/30	Aaa		201,569
		Series - 2001 KS2 (Class AI6)
1,400,000		Residential Funding Mortgage Securities II, Inc	5.520	04/25/21	Aa1		1,200,542
		Series - 2006 HI5 (Class A2)
2,500,000		Residential Funding Mortgage Securities II, Inc	5.500	08/25/25	Aa3		1,602,777
		Series - 2006 HI5 (Class A3)
1,248,663		Residential Funding Mortgage Securities II, Inc	5.750	02/25/36	Aa1		1,158,213
		Series - 2006 HI2 (Class A2)
2,020,000		Residential Funding Mortgage Securities II, Inc	5.960	02/25/36	Aa3		1,169,980
		Series - 2006 HI3 (Class A3)
200,000		Residential Funding Mortgage Securities II, Inc	6.060	02/25/36	A2		44,684
		Series - 2006 HI1 (Class M2)
6,760,000		Residential Funding Mortgage Securities II, Inc	5.440	09/25/36	Aa3		4,056,072
		Series - 2006 HI4 (Class A3)
491,656	g	Sierra Receivables Funding Co	5.840	05/20/18	Baa3		394,218
		Series - 2006 1A (Class A1)
1,710,719	g	Wachovia Auto Loan Owner Trust	5.230	08/22/11	Aaa		1,721,352
		Series - 2006 2A (Class A3)
702,047	g,i	Wachovia Loan Trust	0.670	05/25/35	Aaa		396,412
		Series - 2005 SD1 (Class A)
		TOTAL ASSET BACKED					74,242,291
OTHER MORTGAGE BACKED - 3.39%
350,000	i	Banc of America Commercial Mortgage, Inc	5.560	06/10/39	Aaa		315,771
		Series - 2004 3 (Class A5)
1,340,000	i	Banc of America Commercial Mortgage, Inc	5.240	11/10/42	Aaa		1,171,202
		Series - 2005 1 (Class A5)
1,320,000		Banc of America Commercial Mortgage, Inc	5.360	10/10/45	Aaa		1,039,722
		Series - 2006 6 (Class A4)
2,250,000	i	Banc of America Commercial Mortgage, Inc	5.630	04/10/49	Aaa		2,042,867
		Series - 2007 2 (Class A2)
405,445		Banc of America Mortgage Securities, Inc	6.000	05/25/36	Ba3		389,202
		Series - 2006 1 (Class A8)
316,440		Bank of America Alternative Loan Trust	5.500	09/25/19	Aaa		299,530
		Series - 2004 8 (Class 3A1)
865,000	i	Bear Stearns Commercial Mortgage Securities	5.470	06/11/41	Aaa		785,217
		Series - 2004 PWR4 (Class A3)
890,000	i	Bear Stearns Commercial Mortgage Securities	4.750	02/13/46	Aaa		774,297
		Series - 2004 T16 (Class A6)
950,000		Bear Stearns Commercial Mortgage Securities	5.200	12/11/38	Aaa		789,235
		Series - 2006 PW14 (Class A4)
1,465,000		Bear Stearns Commercial Mortgage Securities	5.540	10/12/41	Aaa		1,244,499
		Series - 2006 T24 (Class A4)
		Bear Stearns Commercial Mortgage Securities Series 2006-
825,000	i	PW11 (Class A4)	5.620	03/11/39	Aaa		708,250
		Series - 2006 PW11 (Class A4)
1,400,000	i	Citigroup/Deutsche Bank Commercial Mortgage Trust	5.890	11/15/44	Aaa		1,116,100
		Series - 2007 CD5 (Class A4)
6,020,000		Citigroup/Deutsche Bank Commercial Mortgage Trust	5.620	10/15/48	Aaa		4,899,556
		Series - 2006 CD3 (Class A5)

321

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$4,395,000	i	Commercial Mortgage Pass Through Certificates	6.010%	12/10/49	Aaa	$	3,492,975
		Series - 2007 C9 (Class A4)
1,914,325		Countrywide Alternative Loan Trust	5.500	08/25/16	Baa1		1,733,067
		Series - 2004 30CB (Class 1A15)
1,500,000		Countrywide Alternative Loan Trust	5.380	01/25/35	NR		1,181,325
		Series - 2004 29CB (Class A7)
1,051,269		Countrywide Home Loan Mortgage Pass Through Trust	5.250	09/25/35	NR		970,174
		Series - 2005 17 (Class 1A10)
3,055,946	g,i	Credit Suisse Mortgage Capital Certificates	0.500	04/15/22	Aaa		2,342,312
		Series - 2007 TF2A (Class A1)
820,000	i	Credit Suisse Mortgage Capital Certificates	5.700	09/15/40	NR		563,060
		Series - 2007 C5 (Class A4)
1,360,000		Credit Suisse Mortgage Capital Certificates	5.380	02/15/40	Aaa		914,996
		Series - 2007 C1 (Class A3)
750,000	i	Credit Suisse Mortgage Capital Certificates	5.540	01/15/49	Aaa		504,095
		Series - 2007 C2 (Class A3)
		Credit Suisse/Morgan Stanley Commercial Mortgage
980,464	g,i	Certificate	0.510	05/15/23	Aaa		765,047
		Series - 2006 HC1A (Class A1)
920,000		CS First Boston Mortgage Securities Corp	3.940	05/15/38	Aaa		830,497
		Series - 2003 C3 (Class A5)
3,175,000	i	CS First Boston Mortgage Securities Corp	5.100	08/15/38	Aaa		2,707,179
		Series - 2005 C5 (Class A4)
1,360,000	i	Greenwich Capital Commercial Funding Corp	5.220	04/10/37	Aaa		1,163,308
		Series - 2005 GG5 (Class A5)
2,795,000	i	Greenwich Capital Commercial Funding Corp	6.110	07/10/38	Aaa		2,292,690
		Series - 2006 GG7 (Class A4)
4,535,000		Greenwich Capital Commercial Funding Corp	5.440	03/10/39	Aaa		3,614,915
		Series - 2007 GG9 (Class A4)
2,000,000		Greenwich Capital Commercial Funding Corp	5.600	12/10/49	Aaa		1,809,867
		Series - 2007 GG11 (Class A2)
3,665,000		Greenwich Capital Commercial Funding Corp	5.740	12/10/49	Aaa		2,946,817
		Series - 2007 GG11 (Class A4)
1,320,000	i	GS Mortgage Securities Corp II	5.550	04/10/38	NR		1,087,104
		Series - 2006 GG6 (Class A4)
1,350,000		GS Mortgage Securities Corp II	5.560	11/10/39	Aaa		1,101,069
		Series - 2006 GG8 (Class A4)
1,000,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.340	05/15/47	Aaa		766,595
		Series - 2006 LDP9 (Class A3)
1,600,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.500	02/15/20	Aaa		849,554
		Series - 2006 FL1A (Class A2)
1,490,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.260	07/12/37	Aaa		1,384,390
		Series - 2003 CB6 (Class A2)
465,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.050	04/15/45	Aaa		446,906
		Series - 2006 LDP7 (Class A2)
1,250,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440	06/12/47	Aaa		941,257
		Series - 2007 CB18 (Class A4)
1,355,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.940	02/12/49	Aaa		647,925
		Series - 2007 CB19 (Class AM)
725,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.800	02/12/51	Aaa		255,988
		Series - 2008 C2 (Class AM)

322

TIAA-CREF FUNDS- Bond Fund

				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
$1,620,000		LB-UBS Commercial Mortgage Trust	4.740%	02/15/30	Aaa	$	1,420,159
		Series - 2005 C1 (Class A4)
650,000		LB-UBS Commercial Mortgage Trust	4.390	03/15/32	Aaa		610,662
		Series - 2003 C1 (Class A4)
1,305,000	i	LB-UBS Commercial Mortgage Trust	6.320	04/15/41	Aaa		1,067,755
		Series - 2008 C1 (Class A2)
861,063	i	Merrill Lynch Mortgage Trust	5.110	07/12/38	Aaa		541,223
		Series - 2005 CIP1 (Class AM)
700,000	i	Merrill Lynch Mortgage Trust	5.840	05/12/39	Aaa		569,911
		Series - 2006 C1 (Class A4)
775,000	g,i	Merrill Lynch Mortgage Trust	6.460	02/12/51	A3		130,748
		Series - 2008 C1 (Class C)
1,400,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.600	02/12/39	Aaa		1,117,526
		Series - 2006 1 (Class A4)
1,305,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	6.160	08/12/49	Aaa		598,528
		Series - 2007 8 (Class AM)
525,639		Morgan Stanley Capital I	4.690	06/13/41	Aaa		523,395
		Series - 2004 T15 (Class A2)
900,000	i	Morgan Stanley Capital I	5.270	06/13/41	Aaa		811,930
		Series - 2004 T15 (Class A4)
250,000		Morgan Stanley Capital I	5.330	11/12/41	Aaa		202,317
		Series - 0 HQ10 (Class A4)
1,800,000		Morgan Stanley Capital I	5.170	01/14/42	Aaa		1,622,696
		Series - 2005 HQ5 (Class A4)
1,745,000	i	Morgan Stanley Capital I	5.690	04/15/49	Aaa		1,271,970
		Series - 2007 IQ14 (Class A4)
1,780,000		Morgan Stanley Capital I	5.810	12/12/49	NR		1,356,330
		Series - 2007 IQ16 (Class A4)
697,655		Morgan Stanley Capital I	4.810	01/14/42	Aaa		704,229
		Series - 2005 HQ5 (Class A2)
1,740,000		Morgan Stanley Capital I	5.360	03/15/44	Aaa		1,318,333
		Series - 2007 IQ13 (Class A4)
670,000	i	Morgan Stanley Capital I	5.730	07/12/44	Aaa		549,817
		Series - 2006 HQ9 (Class A4)
1,925,000	g,i	Wachovia Bank Commercial Mortgage Trust	0.440	09/15/21	A1		962,500
		Series - 2006 WL7A (Class A2)
500,000		Wachovia Bank Commercial Mortgage Trust	5.420	04/15/47	Aaa		458,928
		Series - 2007 C31 (Class A2)
2,093,317	i	Wells Fargo Mortgage Backed Securities Trust	5.070	03/25/36	NR		1,498,874
		Series - 2006 AR2 (Class 2A3)
1,551,265	i	Wells Fargo Mortgage Backed Securities Trust	5.860	04/25/36	NR		1,122,177
		Series - 2006 AR4 (Class 1A1)
		TOTAL OTHER MORTGAGE BACKED					69,348,568
		TOTAL STRUCTURED ASSETS					143,590,859
		(Cost $168,359,025)
SHARES		COMPANY
PREFERRED STOCKS - 0.03%
MORTGAGE BACKED - 0.03%
109,857	*	Federal Home Loan Mortgage Corp (FHLMC)	8.380	12/30/49	Ca		134,026
346,458	*	Federal National Mortgage Association (FNMA)	8.250	12/30/49	Ca		464,253
		Total MORTGAGE BACKED					598,279

323

TIAA-CREF FUNDS- Bond Fund

			MATURITY
			DATE		VALUE
		TOTAL PREFERRED STOCKS		$	598,279
		(Cost $11,407,875)
PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 8.88%
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 7.16%
$20,000,000		Federal Home Loan Bank (FHLB)	09/29/09		19,992,500
7,000,000		FHLB	07/13/09		6,999,603
20,980,000		FHLB	07/01/09		20,980,000
15,855,000		Federal Home Loan Mortgage Corp (FHLMC)	08/18/09		15,852,040
5,292,000		FHLMC	07/13/09		5,291,700
56,895,000		Federal National Mortgage Association (FNMA)	07/13/09		56,892,031
20,355,000		FNMA	09/21/09		20,348,040
					146,355,914
U.S. TREASURY BILLS - 1.72%
35,200,000		United States Treasury Bill	07/23/09		35,196,773
					35,196,773
		TOTAL SHORT-TERM INVESTMENTS			181,552,687
		(Cost $181,547,376)
		TOTAL INVESTMENTS - 105.57%			2,157,466,838
		(Cost $2,156,098,509)
		OTHER ASSETS AND LIABILITIES, NET - (5.57)%			(113,763,570	)
		NET ASSETS - 100.00%		$	2,043,703,268
		The following abbreviations are used in portfolio descriptions:
		LLC - Limited Liability Corporation
		LP - Limited Partnership
		NR - Not Rated by Moody's
		plc - Public Limited Company
		WR - Withdrawn Rating
	†	As provided by Moody's Investors Services.
	*	Non-income producing.
	g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At June 30, 2009 the value of these securities amounted to $75,414,462 or 3.69% of net assets.
	h	These securities were purchased on a delayed delivery basis.
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.
	j	Zero coupon.
	n	In default.

324

TIAA-CREF FUNDS - Bond Plus Fund
TIAA-CREF FUNDS
BOND PLUS FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
BONDS  - 88.55%
CORPORATE BONDS - 38.38%
AMUSEMENT AND RECREATION SERVICES - 0.20%
$      350,000		Walt Disney Co	5.700%	07/15/11	A2	$	374,464
575,000		Walt Disney Co	4.500	12/15/13	A2		599,415
		TOTAL AMUSEMENT AND RECREATION SERVICES					973,879
APPAREL AND ACCESSORY STORES - 0.11%
500,000		Nordstrom, Inc	6.750	06/01/14	Baa2		519,756
		TOTAL APPAREL AND ACCESSORY STORES					519,756
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.12%
275,000		Home Depot, Inc	5.250	12/16/13	Baa1		282,548
275,000		Lowe's Cos, Inc	8.250	06/01/10	A1		292,160
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES					574,708
BUSINESS SERVICES - 0.99%
250,000		Daimler Finance North America LLC	5.880	03/15/11	A3		254,156
250,000		Daimler Finance North America LLC	5.750	09/08/11	A3		255,099
500,000		Hanarotelecom, Inc	7.000	02/01/12	Baa3		496,627
750,000	i	Interpublic Group of Cos, Inc	2.880	11/15/10	Ba3		734,999
630,000		Lamar Media Corp	7.250	01/01/13	B2		599,288
187,000		Lamar Media Corp	6.630	08/15/15	B2		158,015
200,000		Lender Processing Services, Inc	8.130	07/01/16	Ba2		196,000
300,000		Nielsen Finance LLC	10.000	08/01/14	Caa1		283,875
550,000		Oracle Corp	3.750	07/08/14	A2		550,000
500,000	g	Scientific Games International, Inc	9.250	06/15/19	Ba3		500,000
600,000		Sungard Data Systems, Inc	10.250	08/15/15	Caa1		554,250
200,000		WPP Finance UK	8.000	09/15/14	Baa2		203,106
		TOTAL BUSINESS SERVICES					4,785,415
CHEMICALS AND ALLIED PRODUCTS - 1.33%
150,000		Abbott Laboratories	5.600	05/15/11	A1		160,259
310,000		Abbott Laboratories	5.130	04/01/19	A1		319,185
350,000		Air Products & Chemicals, Inc	4.150	02/01/13	A2		355,149
200,000		Amgen, Inc	5.850	06/01/17	A3		212,222
150,000		Bristol-Myers Squibb Co	6.130	05/01/38	A2		162,090
500,000		Eli Lilly & Co	3.550	03/06/12	A1		517,991
150,000		Eli Lilly & Co	5.950	11/15/37	A1		157,322
500,000		GlaxoSmithKline Capital, Inc	5.650	05/15/18	A1		529,601
185,000		GlaxoSmithKline Capital, Inc	6.380	05/15/38	A1		201,175
500,000		Koppers, Inc	9.880	10/15/13	Ba3		492,500
250,000	g	Nalco Co	8.250	05/15/17	Ba2		251,250
375,000		Novartis Capital Corp	4.130	02/10/14	Aa2		386,014
400,000		Novartis Securities Investment Ltd	5.130	02/10/19	Aa2		409,234
500,000		Pfizer, Inc	4.450	03/15/12	Aa2		524,620

325

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      500,000		Pfizer, Inc	6.200%	03/15/19	Aa2	$	546,811
200,000		Praxair, Inc	5.250	11/15/14	A2		212,613
250,000		Procter & Gamble Co	5.550	03/05/37	Aa3		253,172
220,000		Schering-Plough Corp	6.550	09/15/37	Baa1		235,924
500,000	g	Valeant Pharmaceuticals International	8.380	06/15/16	Ba3		496,250
		TOTAL CHEMICALS AND ALLIED PRODUCTS					6,423,382
COAL MINING - 0.03%
250,000	g	Griffin Coal Mining Co Pty Ltd	9.500	12/01/16	B3		128,750
		TOTAL COAL MINING					128,750
COMMUNICATIONS - 4.59%
500,000		Allbritton Communications Co	7.750	12/15/12	Caa1		386,250
150,000		America Movil SAB de C.V.	6.130	11/15/37	A3		137,138
275,000		AT&T, Inc	6.700	11/15/13	A2		302,011
275,000		AT&T, Inc	6.150	09/15/34	A2		261,064
650,000		AT&T, Inc	6.500	09/01/37	A2		644,701
575,000		AT&T, Inc	6.550	02/15/39	A2		573,978
750,000	g	CC Holdings GS V LLC	7.750	05/01/17	Ba1		731,250
550,000		Comcast Corp	6.500	11/15/35	Baa1		555,991
100,000		Comcast Corp	6.550	07/01/39	Baa1		99,829
500,000	g	Cricket Communications, Inc	7.750	05/15/16	Ba2		481,250
151,000	g	CSC Holdings, Inc	8.500	04/15/14	Ba3		149,679
750,000		DirecTV Holdings LLC	7.630	05/15/16	Ba3		729,375
500,000		Echostar DBS Corp	7.000	10/01/13	Ba3		475,000
275,000	h	France Telecom S.A.	5.380	07/08/19	A3		276,988
500,000		Intelsat Jackson Holdings Ltd	11.250	06/15/16	Caa2		510,000
500,000	g	Intelsat Subsidiary Holding Co Ltd	8.880	01/15/15	B3		482,500
275,000		New Cingular Wireless Services, Inc	7.880	03/01/11	A2		296,578
275,000		New Cingular Wireless Services, Inc	8.750	03/01/31	A2		335,173
250,000	g	Qtel International Finance Ltd	7.880	06/10/19	A1		254,344
500,000		Qwest Communications International, Inc	7.250	02/15/11	Ba3		485,000
500,000		Qwest Corp	8.880	03/15/12	Ba1		503,750
550,000		Rogers Cable, Inc	6.750	03/15/15	Baa2		582,573
550,000		Rogers Communications, Inc	6.800	08/15/18	Baa2		589,614
300,000		Rogers Wireless, Inc	8.000	12/15/12	Baa3		309,000
525,000		Sprint Nextel Corp	6.000	12/01/16	Ba2		429,188
75,000		Telecom Italia Capital S.A.	4.950	09/30/14	Baa2		71,799
75,000		Telecom Italia Capital S.A.	7.000	06/04/18	Baa2		75,874
325,000	h	Telefonica Emisiones SAU	5.880	07/15/19	Baa1		335,073
460,000	g	Telemar Norte Leste S.A.	9.500	04/23/19	Baa3		500,825
425,000		Time Warner Cable, Inc	6.200	07/01/13	Baa2		447,799
1,000,000		Time Warner Cable, Inc	5.850	05/01/17	Baa2		998,600
275,000		Time Warner Cable, Inc	6.750	07/01/18	Baa2		286,431
350,000		Time Warner Cable, Inc	8.750	02/14/19	Baa2		407,730
625,000		Time Warner Cable, Inc	8.250	04/01/19	Baa2		709,136
300,000		Verizon Communications, Inc	4.350	02/15/13	A3		306,439
210,000		Verizon Communications, Inc	8.750	11/01/18	A3		248,741
200,000		Verizon Communications, Inc	6.350	04/01/19	A3		208,058
475,000		Verizon Communications, Inc	8.950	03/01/39	A3		599,839
2,200,000		Verizon New Jersey, Inc	5.880	01/17/12	Baa1		2,306,193
275,000		Verizon Virginia, Inc	4.630	03/15/13	Baa1		275,603

326

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$1,050,000	g	Verizon Wireless Capital LLC	3.750%	05/20/11	A2	$	1,071,496
500,000	g	Verizon Wireless Capital LLC	5.550	02/01/14	A2		530,814
800,000	g	Verizon Wireless Capital LLC	8.500	11/15/18	A2		956,073
250,000		Viacom, Inc	5.750	04/30/11	Baa3		255,941
75,000		Viacom, Inc	6.130	10/05/17	Baa3		72,887
200,000		Vodafone Group plc	4.150	06/10/14	Baa1		196,862
300,000		Vodafone Group plc	5.380	01/30/15	Baa1		306,010
275,000		Vodafone Group plc	5.450	06/10/19	Baa1		270,422
		TOTAL COMMUNICATIONS					22,020,869
DEPOSITORY INSTITUTIONS - 8.34%
275,000		Bank of America Corp	6.250	04/15/12	A2		282,543
500,000		Bank of America Corp	2.380	06/22/12	Aaa		505,001
350,000		Bank of America Corp	7.380	05/15/14	A2		361,556
25,000		Bank of America Corp	6.000	09/01/17	A2		22,730
350,000		Bank of America Corp	5.750	12/01/17	A2		311,650
525,000		Bank of America Corp	7.630	06/01/19	A2		527,342
650,000		Bank of America NA	5.300	03/15/17	A1		551,491
375,000		Bank of New York Mellon Corp	4.300	05/15/14	Aa2		381,046
275,000		Bank of New York Mellon Corp	5.450	05/15/19	Aa2		282,317
550,000		Bank One Corp	5.250	01/30/13	A1		554,952
500,000		Capital One Bank USA NA	8.800	07/15/19	A3		510,812
300,000		Citigroup, Inc	5.100	09/29/11	A3		293,776
4,500,000		Citigroup, Inc	2.130	04/30/12	Aaa		4,519,754
500,000		Citigroup, Inc	5.300	10/17/12	A3		482,279
750,000		Citigroup, Inc	5.130	05/05/14	A3		682,760
1,050,000		Citigroup, Inc	8.500	05/22/19	A3		1,068,101
525,000		Citigroup, Inc	6.880	03/05/38	A3		463,662
137,522	i	Countrywide Home Equity Loan Trust	0.540	02/15/29	B3		53,352
300,000		Credit Suisse	5.000	05/15/13	Aa1		306,697
1,000,000		Credit Suisse	5.500	05/01/14	Aa1		1,038,940
2,700,000	g	Depfa ACS Bank	5.130	03/16/37	Aa2		1,708,125
250,000		Deutsche Bank AG.	4.880	05/20/13	Aa1		256,618
250,000		Golden West Financial Corp	4.750	10/01/12	A1		253,269
275,000	g,i	HSBC Capital Funding LP	4.610	12/30/49	A3		193,377
275,000	i	ING Groep NV	5.780	12/30/49	A3		160,875
550,000		JPMorgan Chase & Co	7.880	06/15/10	A1		572,942
275,000		JPMorgan Chase & Co	4.500	01/15/12	Aa3		282,708
1,500,000		JPMorgan Chase & Co	2.130	12/26/12	Aaa		1,492,413
225,000		JPMorgan Chase & Co	6.000	01/15/18	Aa3		223,517
800,000		JPMorgan Chase & Co	6.300	04/23/19	Aa3		804,659
750,000		JPMorgan Chase & Co	6.400	05/15/38	Aa3		751,891
500,000		KeyBank NA	3.200	06/15/12	Aaa		516,884
550,000		M&I Marshall & Ilsley Bank	4.400	03/15/10	A3		538,882
250,000	i	Manufacturers & Traders Trust Co	5.630	12/01/21	A3		188,674
1,100,000		Mellon Funding Corp	6.400	05/14/11	Aa3		1,168,553
2,000,000		New York Community Bank	3.000	12/16/11	Aaa		2,055,754
900,000		Northern Trust Corp	4.630	05/01/14	A1		924,847
700,000	g,i	Rabobank Nederland NV	11.000	12/30/49	Aa2		778,750
2,000,000		Regions Bank	3.250	12/09/11	Aaa		2,075,132
500,000	g	RSHB Capital S.A. for OJSC Russian Agricultural Bank	9.000	06/11/14	Baa1		505,000
500,000	g	Shinhan Bank	6.000	06/29/12	A2		497,817

327

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$2,000,000		Sovereign Bank	2.750%	01/17/12	Aaa	$	2,026,710
1,600,000		State Street Corp	2.150	04/30/12	Aaa		1,607,240
450,000		State Street Corp	4.300	05/30/14	A1		444,889
100,000		Union Bank of California NA	5.950	05/11/16	A3		92,510
375,000		Wachovia Bank NA	4.800	11/01/14	Aa3		363,455
350,000		Wachovia Bank NA	5.850	02/01/37	Aa3		308,748
175,000		Wachovia Corp	5.300	10/15/11	A1		182,367
2,000,000		Wells Fargo & Co	5.300	08/26/11	A1		2,114,819
2,000,000		Wells Fargo & Co	2.130	06/15/12	Aaa		2,005,858
1,850,000		Wells Fargo Bank NA	4.750	02/09/15	Aa3		1,754,238
		TOTAL DEPOSITORY INSTITUTIONS					40,052,282
ELECTRIC, GAS, AND SANITARY SERVICES - 3.10%
450,000		Alabama Power Co	5.800	11/15/13	A2		487,541
250,000		Atmos Energy Corp	8.500	03/15/19	Baa2		291,962
190,000		Carolina Power & Light Co	5.130	09/15/13	A2		201,109
250,000		Carolina Power & Light Co	5.300	01/15/19	A2		260,998
275,000		Carolina Power & Light Co	5.700	04/01/35	A2		272,663
200,000		CenterPoint Energy Houston Electric LLC	7.000	03/01/14	Baa2		215,906
300,000		CenterPoint Energy Resources Corp	6.250	02/01/37	Baa3		225,720
400,000		CMS Energy Corp	8.750	06/15/19	Ba1		404,689
200,000		Commonweatlh Edison Co	5.900	03/15/36	Baa2		191,871
200,000		Connecticut Light & Power Co	5.500	02/01/19	A3		208,746
825,000		Consolidated Natural Gas Co	6.250	11/01/11	Baa2		880,373
275,000		Consolidated Natural Gas Co	5.000	12/01/14	Baa2		281,412
525,000		Consumers Energy Co	4.400	08/15/09	Baa1		525,983
250,000		Dominion Resources, Inc	8.880	01/15/19	Baa2		298,135
500,000		Duke Energy Carolinas LLC	5.750	11/15/13	A2		537,590
500,000		Duke Energy Corp	6.300	02/01/14	Baa2		539,820
375,000		Energy Transfer Partners LP	9.000	04/15/19	Baa3		428,229
250,000		Florida Power & Light Co	5.960	04/01/39	Aa3		268,139
550,000		Florida Power Corp	4.500	06/01/10	A2		563,876
900,000		Georgia Power Co	6.000	11/01/13	A2		981,579
250,000		Indiana Michigan Power Co	7.000	03/15/19	Baa2		268,694
100,000	g	Kansas Gas & Electric	6.700	06/15/19	Baa2		105,019
75,000		Kinder Morgan Energy Partners LP	5.630	02/15/15	Baa2		75,804
500,000	g	Korea Hydro & Nuclear Power Co Ltd	6.250	06/17/14	A2		498,761
417,400		Midwest Generation LLC	8.560	01/02/16	Ba1		409,052
250,000		National Fuel Gas Co	5.250	03/01/13	Baa1		245,620
250,000		Nevada Power Co	6.650	04/01/36	Baa3		254,278
200,000		NiSource Finance Corp	10.750	03/15/16	Baa3		221,839
500,000		NRG Energy, Inc	7.250	02/01/14	B1		485,000
50,000		ONEOK Partners LP	5.900	04/01/12	Baa2		51,297
325,000		Pacific Gas & Electric Co	8.250	10/15/18	A3		396,607
150,000		Pacific Gas & Electric Co	6.250	03/01/39	A3		160,310
150,000		Pacificorp	6.000	01/15/39	A3		157,207
500,000		PG&E Corp	5.750	04/01/14	Baa1		532,759
50,000		Potomac Electric Power Co	7.900	12/15/38	Baa1		61,729
275,000		Progress Energy, Inc	7.050	03/15/19	Baa2		305,113
500,000		Public Service Co of Colorado	4.880	03/01/13	A3		520,607
275,000		Public Service Co of Colorado	5.500	04/01/14	A3		296,208
325,000		Public Service Electric & Gas Co	6.330	11/01/13	A3		355,310

328

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      250,000		Puget Sound Energy, Inc	6.270%	03/15/37	Baa2	$	228,948
150,000		San Diego Gas & Electric Co	6.000	06/01/39	A1		159,490
600,000		Texas Eastern Transmission LP	7.300	12/01/10	A3		621,225
175,000		Veolia Environnement	5.250	06/03/13	A3		180,895
275,000		Virginia Electric and Power Co	4.750	03/01/13	Baa1		281,387
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES					14,939,500
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 0.60%
262,000		Analog Devices, Inc	5.000	07/01/14	A3		262,448
75,000		General Electric Co	5.250	12/06/17	Aa2		73,653
500,000		L-3 Communications Corp	7.630	06/15/12	Ba3		501,250
300,000		Nokia OYJ	5.380	05/15/19	A1		303,521
400,000		Whirlpool Corp	8.000	05/01/12	Baa3		413,990
1,100,000		Whirlpool Corp	8.600	05/01/14	Baa3		1,149,499
250,000	j	WMG Holdings Corp	0.000	12/15/14	B1		196,250
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT					2,900,611
ENGINEERING AND MANAGEMENT SERVICES - 0.11%
500,000		Quest Diagnostics, Inc	6.400	07/01/17	Baa3		510,315
		TOTAL ENGINEERING AND MANAGEMENT SERVICES					510,315
FABRICATED METAL PRODUCTS - 0.17%
167,000		Ball Corp	6.880	12/15/12	Ba1		165,748
150,000		CRH America, Inc	6.950	03/15/12	Baa1		150,726
500,000		Crown Americas LLC	7.630	11/15/13	B1		487,500
		TOTAL FABRICATED METAL PRODUCTS					803,974
FOOD AND KINDRED PRODUCTS - 0.76%
500,000		Bottling Group LLC	6.950	03/15/14	Aa2		570,290
100,000		Bottling Group LLC	5.130	01/15/19	A2		101,924
250,000		Bunge Ltd Finance Corp	5.100	07/15/15	Baa2		229,242
500,000		Bunge Ltd Finance Corp	8.500	06/15/19	Baa2		522,826
250,000		Coca-Cola Enterprises, Inc	4.250	03/01/15	A3		252,824
313,000		Diageo Capital plc	5.130	01/30/12	A3		326,213
450,000		General Mills, Inc	5.650	02/15/19	Baa1		470,324
225,000		Kraft Foods, Inc	6.500	08/11/17	Baa2		236,976
550,000		Kraft Foods, Inc	6.500	11/01/31	Baa2		546,094
150,000		PepsiAmericas, Inc	5.750	07/31/12	Baa1		160,756
25,000		PepsiAmericas, Inc	4.380	02/15/14	Baa1		25,182
175,000		PepsiCo, Inc	7.900	11/01/18	Aa2		212,906
		TOTAL FOOD AND KINDRED PRODUCTS					3,655,557
FOOD STORES - 0.67%
275,000		Delhaize Group	5.880	02/01/14	Baa3		282,339
250,000		Delhaize Group	6.500	06/15/17	Baa3		255,293
500,000	g	Ingles Markets, Inc	8.880	05/15/17	B1		492,500
550,000		Kroger Co	6.800	04/01/11	Baa2		582,264
50,000		Kroger Co	6.800	12/15/18	Baa2		53,519
275,000		Safeway, Inc	4.950	08/16/10	Baa2		280,646
100,000		Safeway, Inc	6.250	03/15/14	Baa2		107,314
400,000		Safeway, Inc	6.350	08/15/17	Baa2		422,709

329

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      750,000		Stater Brothers Holdings	8.130%	06/15/12	B2	$	738,750
		TOTAL FOOD STORES					3,215,334
GENERAL MERCHANDISE STORES - 0.29%
125,000		TJX Cos, Inc	6.950	04/15/19	A3		139,269
625,000		Wal-Mart Stores, Inc	3.000	02/03/14	Aa2		616,655
250,000		Wal-Mart Stores, Inc	5.250	09/01/35	Aa2		238,371
375,000		Wal-Mart Stores, Inc	6.200	04/15/38	Aa2		402,998
		TOTAL GENERAL MERCHANDISE STORES					1,397,293
HEALTH SERVICES - 0.58%
750,000	g	Apria Healthcare Group, Inc	11.250	11/01/14	Ba2		723,750
365,000		DaVita, Inc	6.630	03/15/13	B1		344,013
250,000		Express Scripts, Inc	7.250	06/15/19	Baa3		275,686
400,000	g	Fresenius US Finance II, Inc	9.000	07/15/15	Ba1		417,000
262,000	o	HCA, Inc	9.630	11/15/16	B2		259,380
500,000	g	HCA, Inc	8.500	04/15/19	Ba3		490,000
250,000	g	US Oncology, Inc	9.130	08/15/17	Ba3		248,125
		TOTAL HEALTH SERVICES					2,757,954
HOLDING AND OTHER INVESTMENT OFFICES - 0.31%
120,000		BHP Billiton Finance Ltd	5.400	03/29/17	A1		125,342
100,000		Brandywine Operating Partnership LP	5.700	05/01/17	Baa3		69,314
25,000		Federal Realty Investment Trust	5.650	06/01/16	Baa1		21,898
50,000		National Retail Properties, Inc	6.880	10/15/17	Baa2		42,667
25,000		ProLogis	5.500	04/01/12	Baa2		23,015
100,000		ProLogis	5.500	03/01/13	Baa2		87,654
175,000		ProLogis	5.630	11/15/16	Baa2		134,522
400,000		ProLogis	6.630	05/15/18	Baa2		314,962
150,000		Realty Income Corp	5.950	09/15/16	Baa1		133,423
150,000		Regency Centers LP	5.250	08/01/15	Baa2		121,770
25,000		Regency Centers LP	5.880	06/15/17	Baa2		20,253
75,000		Simon Property Group LP	6.750	05/15/14	A3		75,360
210,000		Simon Property Group LP	10.350	04/01/19	A3		238,609
100,000		Washington Real Estate Investment Trust	5.950	06/15/11	Baa1		94,353
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES					1,503,142
HOTELS AND OTHER LODGING PLACES - 0.18%
835,000	g	MGM Mirage	10.380	05/15/14	B1		866,313
		TOTAL HOTELS AND OTHER LODGING PLACES					866,313
INDUSTRIAL MACHINERY AND EQUIPMENT - 1.08%
100,000		Black & Decker Corp	8.950	04/15/14	Baa3		109,640
500,000		Caterpillar, Inc	6.050	08/15/36	A2		476,956
225,000		Dell, Inc	3.380	06/15/12	A2		229,036
125,000		Dell, Inc	5.880	06/15/19	A2		127,588
475,000		Hewlett-Packard Co	4.250	02/24/12	A2		495,777
525,000		Hewlett-Packard Co	4.750	06/02/14	A2		548,069
200,000		Ingersoll-Rand Global Holding Co Ltd	9.500	04/15/14	Baa1		219,017
1,000,000		International Business Machines Corp	6.500	10/15/13	A1		1,117,669
275,000		International Game Technology	7.500	06/15/19	Baa2		277,470

330

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      400,000		Scientific Games Corp	6.250%	12/15/12	Ba3	$	381,500
575,000	g	Seagate Technology International	10.000	05/01/14	Ba1		592,968
525,000		Xerox Corp	8.250	05/15/14	Baa2		545,928
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT					5,121,618
INSTRUMENTS AND RELATED PRODUCTS - 0.25%
275,000		Medtronic, Inc	4.750	09/15/15	A1		289,235
125,000		Northrop Grumman Corp	7.750	02/15/31	Baa1		156,417
275,000		Thermo Fisher Scientific, Inc	5.000	06/01/15	Baa2		276,375
500,000		Xerox Corp	7.630	06/15/13	Baa2		503,616
		TOTAL INSTRUMENTS AND RELATED PRODUCTS					1,225,643
INSURANCE CARRIERS - 1.20%
275,000		ACE INA Holdings, Inc	5.880	06/15/14	A3		283,985
240,000		Aetna, Inc	6.500	09/15/18	A3		240,421
150,000		Aetna, Inc	6.630	06/15/36	A3		136,357
800,000		Aflac, Inc	8.500	05/15/19	A2		854,827
375,000		Allstate Corp	7.450	05/16/19	A3		405,698
400,000		American Financial Group, Inc	9.880	06/15/19	Baa2		400,128
400,000		Chubb Corp	6.000	05/11/37	A2		404,851
550,000		Metlife, Inc	5.000	06/15/15	A2		524,016
275,000		Metlife, Inc	5.700	06/15/35	A2		240,193
525,000		MetLife, Inc	6.750	06/01/16	A2		534,479
875,000		Prudential Financial, Inc	7.380	06/15/19	Baa2		859,100
300,000	g	Prudential Funding LLC	6.750	09/15/23	A3		279,026
350,000		Travelers Cos, Inc	5.900	06/02/19	A2		360,583
275,000		WellPoint, Inc	5.850	01/15/36	Baa1		241,271
		TOTAL INSURANCE CARRIERS					5,764,935
JUSTICE, PUBLIC ORDER AND SAFETY - 0.10%
500,000		Corrections Corp of America	7.750	06/01/17	Ba2		492,500
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY					492,500
LEGAL SERVICES - 0.10%
500,000		FTI Consulting, Inc	7.630	06/15/13	Ba2		486,250
		TOTAL LEGAL SERVICES					486,250
METAL MINING - 0.13%
350,000	g	Teck Resources Ltd	9.750	05/15/14	Ba3		362,250
250,000	g	Teck Resources Ltd	10.750	05/15/19	Ba3		268,750
		TOTAL METAL MINING					631,000
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.29%
500,000		Harsco Corp	5.130	09/15/13	Baa1		508,726
525,000		Hasbro, Inc	6.130	05/15/14	Baa2		539,676
350,000	g	WMG Acquisition Corp	9.500	06/15/16	Ba2		348,250
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES					1,396,652
MISCELLANEOUS RETAIL - 0.17%
50,000		CVS Caremark Corp	6.600	03/15/19	Baa2		53,425
150,000		Staples, Inc	7.750	04/01/11	Baa2		158,625

331

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      100,000		Staples, Inc	9.750%	01/15/14	Baa2	$	111,693
500,000		Susser Holdings LLC	10.630	12/15/13	B3		501,250
		TOTAL MISCELLANEOUS RETAIL					824,993
MOTION PICTURES - 0.13%
375,000		Time Warner, Inc	6.880	05/01/12	Baa2		401,155
275,000		Time Warner, Inc	6.500	11/15/36	Baa2		240,817
		TOTAL MOTION PICTURES					641,972
NONDEPOSITORY INSTITUTIONS - 4.08%
175,000		American Express Co	7.000	03/19/18	A3		169,932
350,000		American Express Co	8.130	05/20/19	A3		363,205
550,000	g	American Honda Finance Corp	5.130	12/15/10	A1		542,655
500,000	g	Anglo American Capital plc	9.380	04/08/14	Baa1		543,125
350,000	g	BAE Systems Holdings, Inc	6.400	12/15/11	Baa2		371,291
550,000		Capital One Financial Corp	5.700	09/15/11	Baa1		552,440
600,000		CIT Group, Inc	5.850	09/15/16	Ba2		338,732
300,000		Countrywide Financial Corp	6.250	05/15/16	A3		266,153
225,000		General Electric Capital Corp	5.880	02/15/12	Aa2		235,011
2,000,000		General Electric Capital Corp	2.250	03/12/12	Aaa		2,017,698
600,000		General Electric Capital Corp	2.200	06/08/12	Aaa		603,074
525,000		General Electric Capital Corp	5.900	05/13/14	Aa2		535,847
2,700,000		General Electric Capital Corp	5.500	06/04/14	Aa2		2,689,223
400,000		General Electric Capital Corp	6.880	01/10/39	Aa2		360,045
2,000,000		GMAC, Inc	2.200	12/19/12	Aaa		1,991,938
650,000		HSBC Finance Corp	5.250	01/14/11	A3		654,389
1,500,000		HSBC Finance Corp	6.380	11/27/12	A3		1,525,719
415,000		International Lease Finance Corp	5.750	06/15/11	Baa2		344,144
275,000		International Lease Finance Corp	5.630	09/20/13	Baa2		207,751
250,000		International Lease Finance Corp	6.630	11/15/13	Baa2		192,427
300,000		Kreditanstalt fuer Wiederaufbau	4.880	01/17/17	Aaa		316,900
1,000,000		Kreditanstalt fuer Wiederaufbau	4.500	07/16/18	Aaa		1,024,528
500,000		Landwirtschaftliche Rentenbank	5.250	07/02/12	Aaa		540,532
250,000	g	Mantis Reef Ltd	4.800	11/03/09	A3		247,675
275,000		MBNA Corp	6.130	03/01/13	A2		278,930
400,000		National Rural Utilities Cooperative Finance Corp	5.500	07/01/13	A1		422,537
250,000		National Rural Utilities Cooperative Finance Corp	10.380	11/01/18	A1		313,456
1,450,000	g	Nationwide Building Society	5.500	07/18/12	Aaa		1,370,392
600,000	g	Principal Life Global Funding I	5.130	10/15/13	Aa3		579,682
		TOTAL NONDEPOSITORY INSTITUTIONS					19,599,431
OIL AND GAS EXTRACTION - 2.17%
525,000		Anadarko Petroleum Corp	7.630	03/15/14	Baa3		569,158
250,000		Anadarko Petroleum Corp	8.700	03/15/19	Baa3		280,057
275,000		Anadarko Petroleum Corp	7.950	06/15/39	Baa3		285,947
500,000	g	Atlas Energy Resources LLC	10.750	02/01/18	B3		471,250
425,000		Baker Hughes, Inc	6.500	11/15/13	A2		471,386
250,000		Baker Hughes, Inc	6.880	01/15/29	A2		262,839
330,000		Berry Petroleum Co	10.250	06/01/14	B2		333,300
300,000		BJ Services Co	5.750	06/01/11	Baa1		306,447
550,000		Burlington Resources Finance Co	6.400	08/15/11	A2		593,091
275,000		Burlington Resources Finance Co	7.200	08/15/31	A2		300,465

332

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      250,000		Chesapeake Energy Corp	7.630%	07/15/13	Ba3	$	237,500
500,000		Chesapeake Energy Corp	6.500	08/15/17	Ba3		420,000
500,000		Denbury Resources, Inc	7.500	04/01/13	B1		477,500
330,000	g	Empresa Nacional del Petroleo	6.250	07/08/19	A3		330,000
125,000		EnCana Corp	6.500	05/15/19	Baa2		134,001
100,000		EnCana Corp	6.630	08/15/37	Baa2		103,535
500,000		Encore Acquisition Co	6.250	04/15/14	B1		430,000
750,000		Encore Acquisition Co	9.500	05/01/16	B1		738,749
425,000		Enterprise Products Operating LLC	4.600	08/01/12	Baa3		427,907
275,000		Enterprise Products Operating LP	5.600	10/15/14	Baa3		282,628
225,000		EOG Resources, Inc	5.630	06/01/19	A3		235,490
500,000		Husky Energy, Inc	6.250	06/15/12	Baa2		516,083
125,000		Husky Energy, Inc	6.800	09/15/37	Baa2		124,007
100,000		Pemex Project Funding Master Trust	5.750	03/01/18	Baa1		92,000
125,000		Pemex Project Funding Master Trust	6.630	06/15/38	Baa1		108,125
240,000		Petrobras International Finance Co	7.880	03/15/19	Baa1		261,600
100,000	g	Petroleos Mexicanos	8.000	05/03/19	Baa1		108,500
100,000		Range Resources Corp	7.250	05/01/18	Ba3		93,500
600,000		XTO Energy, Inc	6.250	04/15/13	Baa2		635,790
300,000		XTO Energy, Inc	4.630	06/15/13	Baa2		301,063
500,000		XTO Energy, Inc	5.750	12/15/13	Baa2		525,715
		TOTAL OIL AND GAS EXTRACTION					10,457,633
PAPER AND ALLIED PRODUCTS - 0.39%
235,000		Domtar Corp	10.750	06/01/17	Ba3		225,600
750,000	g	Georgia-Pacific LLC	8.250	05/01/16	Ba3		727,499
118,000		Graphic Packaging International, Inc	8.500	08/15/11	B3		116,820
375,000		International Paper Co	9.380	05/15/19	Baa3		382,260
500,000	g	Verso Paper Holdings LLC	11.500	07/01/14	Ba2		457,500
		TOTAL PAPER AND ALLIED PRODUCTS					1,909,679
PETROLEUM AND COAL PRODUCTS - 0.95%
500,000	g	Ashland, Inc	9.130	06/01/17	Ba3		520,000
525,000		BP Capital Markets plc	3.130	03/10/12	Aa1		535,554
800,000		BP Capital Markets plc	4.750	03/10/19	Aa1		795,799
525,000		Chevron Corp	3.450	03/03/12	Aa1		541,536
50,000		Chevron Corp	3.950	03/03/14	Aa1		51,478
575,000		ConocoPhillips	6.500	02/01/39	A1		612,050
175,000		Hess Corp	7.000	02/15/14	Baa2		189,532
175,000		Hess Corp	8.130	02/15/19	Baa2		199,229
275,000		Marathon Oil Corp	6.500	02/15/14	Baa1		293,989
175,000		Marathon Oil Corp	7.500	02/15/19	Baa1		191,004
200,000		StatoilHydro ASA	3.880	04/15/14	Aa2		202,841
200,000		Tesoro Corp	9.750	06/01/19	Ba1		197,500
250,000		Valero Energy Corp	6.630	06/15/37	Baa2		213,280
		TOTAL PETROLEUM AND COAL PRODUCTS					4,543,792
PIPELINES, EXCEPT NATURAL GAS - 0.14%
500,000		TransCanada Pipelines Ltd	5.850	03/15/36	A3		482,748
250,000	i	TransCanada Pipelines Ltd	6.350	05/15/67	Baa1		173,750
		TOTAL PIPELINES, EXCEPT NATURAL GAS					656,498

333

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
PRIMARY METAL INDUSTRIES - 0.15%
$      500,000		ArcelorMittal	9.850%	06/01/19	Baa3	$	539,606
210,000	g	Xstrata Finance Canada Ltd	5.500	11/16/11	Baa2		206,930
		TOTAL PRIMARY METAL INDUSTRIES					746,536
PRINTING AND PUBLISHING - 0.19%
100,000		News America, Inc	7.250	05/18/18	Baa1		100,901
250,000		News America, Inc	7.630	11/30/28	Baa1		239,414
550,000		Thomson Corp	5.700	10/01/14	Baa1		558,438
		TOTAL PRINTING AND PUBLISHING					898,753
RAILROAD TRANSPORTATION - 0.54%
275,000		Burlington Northern Santa Fe Corp	6.750	07/15/11	Baa1		295,494
150,000		Burlington Northern Santa Fe Corp	6.150	05/01/37	Baa1		149,785
550,000		Canadian National Railway Co	4.400	03/15/13	A3		562,040
175,000		Norfolk Southern Corp	5.750	04/01/18	Baa1		178,930
250,000		Norfolk Southern Corp	5.900	06/15/19	Baa1		259,090
300,000		Norfolk Southern Corp	5.590	05/17/25	Baa1		278,895
550,000		Union Pacific Corp	6.500	04/15/12	Baa2		579,549
300,000		Union Pacific Corp	5.130	02/15/14	Baa2		310,094
		TOTAL RAILROAD TRANSPORTATION					2,613,877
SECURITY AND COMMODITY BROKERS - 2.53%
275,000		Bear Stearns Cos, Inc	5.700	11/15/14	Aa3		280,189
300,000		Charles Schwab Corp	4.950	06/01/14	A2		305,153
750,000		Eaton Vance Corp	6.500	10/02/17	A3		709,657
500,000	i	Goldman Sachs Capital II	5.790	12/30/49	A3		304,725
150,000		Goldman Sachs Group, Inc	5.300	02/14/12	A1		155,241
600,000		Goldman Sachs Group, Inc	5.700	09/01/12	A1		628,078
600,000		Goldman Sachs Group, Inc	5.250	10/15/13	A1		612,357
325,000		Goldman Sachs Group, Inc	5.150	01/15/14	A1		326,189
1,775,000		Goldman Sachs Group, Inc	7.500	02/15/19	A1		1,900,619
150,000		Goldman Sachs Group, Inc	6.450	05/01/36	A2		127,205
375,000		Goldman Sachs Group, Inc	6.750	10/01/37	A2		333,373
500,000	n	Lehman Brothers Holdings Capital Trust V	5.860	12/30/49	Ca		50
1,000,000		Merrill Lynch & Co, Inc	6.050	08/15/12	A2		1,002,643
1,650,000		Merrill Lynch & Co, Inc	5.450	02/05/13	A2		1,605,940
925,000		Merrill Lynch & Co, Inc	6.880	04/25/18	A2		856,139
500,000		Morgan Stanley	5.380	10/15/15	A2		489,926
900,000		Morgan Stanley	5.750	10/18/16	A2		862,827
250,000		Morgan Stanley	6.630	04/01/18	A2		249,227
975,000		Morgan Stanley	7.300	05/13/19	A2		1,011,026
600,000	g	Nuveen Investments, Inc	10.500	11/15/15	Caa3		414,000
		TOTAL SECURITY AND COMMODITY BROKERS					12,174,564
STONE, CLAY, AND GLASS PRODUCTS - 0.13%
310,000		3M Co	4.380	08/15/13	Aa2		329,622
300,000		3M Co	5.700	03/15/37	Aa2		312,516
		TOTAL STONE, CLAY, AND GLASS PRODUCTS					642,138

334

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
TOBACCO PRODUCTS - 0.19%
$      200,000		Philip Morris International, Inc	4.880%	05/16/13	A2	$	209,877
550,000		Philip Morris International, Inc	6.880	03/17/14	A2		620,576
100,000		Philip Morris International, Inc	6.380	05/16/38	A2		106,394
		TOTAL TOBACCO PRODUCTS					936,847
TRANSPORTATION EQUIPMENT - 0.67%
285,000		Boeing Co	5.000	03/15/14	A2		300,055
500,000	g	Bombardier, Inc	6.750	05/01/12	Ba2		470,000
150,000		Honeywell International, Inc	3.880	02/15/14	A2		153,269
550,000		Lockheed Martin Corp	6.150	09/01/36	Baa1		587,104
1,100,000		United Technologies Corp	6.350	03/01/11	A2		1,177,490
350,000		United Technologies Corp	6.130	02/01/19	A2		387,376
150,000		United Technologies Corp	6.050	06/01/36	A2		159,099
		TOTAL TRANSPORTATION EQUIPMENT					3,234,393
WHOLESALE TRADE-DURABLE GOODS - 0.10%
500,000	g	Ace Hardware Corp	9.130	06/01/16	Ba2		491,250
		TOTAL WHOLESALE TRADE-DURABLE GOODS					491,250
WHOLESALE TRADE-NONDURABLE GOODS - 0.22%
500,000		Inergy LP	6.880	12/15/14	B1		455,000
250,000		McKesson Corp	6.500	02/15/14	Baa3		266,730
275,000		Plains All American Pipeline LP	8.750	05/01/19	Baa3		312,056
65,000		SUPERVALU, Inc	8.000	05/01/16	Ba3		63,050
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS					1,096,836
		TOTAL CORPORATE BONDS					184,616,824
		(Cost $182,641,976)
GOVERNMENT BONDS - 50.17%
AGENCY SECURITIES - 2.56%
650,000		Federal Farm Credit Bank (FFCB)	2.630	04/21/11	Aaa		666,894
1,000,000		Federal Home Loan Bank (FHLB)	5.000	11/17/17	Aaa		1,064,114
1,000,000		Federal Home Loan Mortgage Corp (FHLMC)	3.750	03/27/19	Aaa		982,644
990,000		FHLMC	2.500	04/23/14	Aaa		974,327
1,500,000		Federal National Mortgage Association (FNMA)	2.500	05/15/14	Aaa		1,474,619
1,799,015		Cal Dive I- Title XI, Inc	4.930	02/01/27	NR		1,812,220
5,000,000		US Department of Housing and Urban Development	4.790	08/01/11	NR		5,350,675
		TOTAL AGENCY SECURITIES					12,325,493
FOREIGN GOVERNMENT BONDS - 3.03%
500,000	g	Banco Nacional de Desenvolvimento Economico e Social	6.500	06/10/19	Baa3		501,000
500,000		China Development Bank	5.000	10/15/15	A1		516,040
250,000		Development Bank of Japan	4.250	06/09/15	Aaa		243,338
500,000		Egypt Government AID Bonds	4.450	09/15/15	Aaa		520,980
350,000		Eksportfinans A/S	5.000	02/14/12	Aa1		371,366
275,000		European Investment Bank	4.880	02/15/36	Aaa		265,138
500,000	g	Federal Republic of Germany	3.880	06/01/10	Aaa		504,713

335

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      395,000		Federative Republic of Brazil	6.000%	01/17/17	Ba1	$	405,468
750,000		Federative Republic of Brazil	8.000	01/15/18	WR		840,000
500,000		International Finance Corp	5.130	05/02/11	Aaa		514,676
225,000		Italy Government International Bond	5.380	06/12/17	NR		228,679
1,100,000		Italy Government International Bond	6.880	09/27/23	Aa2		1,234,658
250,000		Japan Finance Corp	2.000	06/24/11	Aaa		250,452
60,000		Mexico Government International Bond	6.380	01/16/13	Baa1		64,800
100,000		Mexico Government International Bond	5.880	01/15/14	Baa1		105,250
150,000		Mexico Government International Bond	6.750	09/27/34	Baa1		151,275
120,000		Mexico Government International Bond	6.050	01/11/40	Baa1		109,020
50,000		Oesterreichische Kontrollbank AG.	5.000	04/25/17	Aaa		50,443
600,000		Province of Manitoba Canada	5.000	02/15/12	Aa1		634,174
600,000		Province of Ontario Canada	3.130	09/08/10	Aa1		612,542
2,000,000		Province of Ontario Canada	2.630	01/20/12	Aa1		2,033,671
1,400,000		Province of Ontario Canada	4.100	06/16/14	Aa1		1,427,732
620,000		Province of Quebec Canada	4.630	05/14/18	Aa2		613,489
550,000		Province of Saskatchewan Canada	8.000	02/01/13	Aa1		634,189
634,000	g	Qatar Govt International Bond	6.550	04/09/19	Aa2		649,058
100,000		Republic of Ghana	8.500	10/04/17	NR		79,500
135,000		Republic of Peru	7.130	03/30/19	Ba1		144,113
500,000		Republic of Turkey	7.500	11/07/19	Ba3		517,500
300,000		South Africa Government International Bond	6.880	05/27/19	Baa1		308,250
52,000		United Mexican States	5.880	02/17/14	Baa1		54,470
		TOTAL FOREIGN GOVERNMENT BONDS					14,585,984
MORTGAGE BACKED - 37.19%
181,245	h,i	Federal Home Loan Mortgage Corp (FHLMC)	5.880	04/01/37			185,376
1,240,441	h,i	FHLMC	5.740	03/01/37			1,288,056
259,041	h,i	FHLMC	6.000	05/01/37			272,308
1,037,568	h,i	FHLMC	5.830	08/01/37			1,094,802
5,878,480	h,i	FHLMC	5.710	06/01/37			6,171,269
797,452	h,i	FHLMC	5.730	02/01/37			837,701
883,520	h,i	FHLMC	3.730	02/01/36			888,642
749,747		FHLMC	4.500	09/15/35			765,657
2,457,059	h,i	FHLMC	5.790	07/01/36			2,554,433
1,077,933	h,i	FHLMC	6.080	09/01/36			1,128,740
525,432	h,i	FHLMC	4.900	09/01/36			527,549
678,139		Federal Home Loan Mortgage Corp Gold (FGLMC)	5.500	04/01/36			701,338
321,455		FGLMC	5.000	02/01/36			328,224
625,520		FGLMC	6.500	10/01/36			665,605
123,007		FGLMC	6.500	05/01/36			130,890
729,468		FGLMC	7.000	01/01/36			786,682
1,071,760		FGLMC	5.500	06/01/35			1,110,098
775,399		FGLMC	7.000	05/01/35			841,712
732,178		FGLMC	5.000	11/01/35			747,594
2,513,031		FGLMC	5.500	06/01/35			2,602,926
725,136		FGLMC	5.500	01/01/37			749,942
1,658,954		FGLMC	6.000	11/01/38			1,733,287
1,697,437		FGLMC	5.500	07/01/38			1,754,613
1,000,000	h	FGLMC	6.500	08/15/39			1,059,062
800,000	h	FGLMC	4.000	06/01/39			773,106
1,820,177		FGLMC	5.000	04/01/38			1,853,848

336

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	VALUE
$      105,436		FGLMC	6.000%	09/01/37	$	110,166
1,455,668		FGLMC	5.500	04/01/37		1,504,783
658,233		FGLMC	5.000	04/01/38		670,409
2,791,573		FGLMC	5.000	12/01/37		2,843,370
1,923,395		FGLMC	6.000	05/01/35		2,012,991
1,178,147		FGLMC	5.500	10/01/20		1,235,876
535,554		FGLMC	5.000	10/01/20		557,277
468,154		FGLMC	4.500	06/01/21		482,326
63,240		FGLMC	7.000	10/01/20		69,188
581,528		FGLMC	4.500	09/01/20		599,131
78,550		FGLMC	6.500	12/01/16		83,105
13,403		FGLMC	7.000	09/01/10		13,850
1,553,549		FGLMC	4.500	07/01/20		1,600,576
906,348		FGLMC	5.500	01/01/19		956,424
966,618		FGLMC	5.500	08/01/21		1,012,472
953,490		FGLMC	4.500	10/01/34		953,629
695,296		FGLMC	5.000	05/01/34		710,695
1,382,095		FGLMC	5.500	03/01/35		1,431,535
568,035		FGLMC	5.500	12/01/34		588,887
1,883,853		FGLMC	5.000	01/01/34		1,926,460
11,339		FGLMC	8.000	01/01/31		12,472
219,833		FGLMC	6.500	01/01/29		236,325
2,856,561		FGLMC	7.000	12/01/33		3,100,857
3,004,459		FGLMC	5.500	12/01/33		3,119,444
2,191,265		Federal National Mortgage Association (FNMA)	6.000	04/01/36		2,295,393
512,724		FNMA	6.500	04/01/36		546,942
1,844,533	i	FNMA	5.950	07/01/36		1,922,417
598,357		FNMA	5.500	12/01/35		619,948
782,519		FNMA	5.000	02/01/36		799,483
1,305,706		FNMA	5.000	04/01/36		1,332,177
723,716		FNMA	6.000	12/01/36		758,107
392,096		FNMA	7.000	02/01/37		425,889
809,997		FNMA	6.500	03/01/37		864,055
3,985,634	i	FNMA	5.730	09/01/36		4,174,781
464,253		FNMA	6.500	09/01/36		495,236
2,263,284	i	FNMA	5.770	12/01/36		2,377,791
802,528		FNMA	5.500	10/01/35		831,487
3,817,699		FNMA	5.500	05/01/35		3,955,456
2,939,171		FNMA	5.500	05/01/35		3,045,228
2,411,075		FNMA	6.000	05/01/35		2,529,416
1,298,358		FNMA	5.500	02/01/35		1,347,237
1,546,609		FNMA	5.500	04/01/35		1,603,867
485,237		FNMA	6.000	04/01/35		510,266
994,843		FNMA	5.500	09/01/35		1,032,295
2,781,894		FNMA	5.000	10/01/35		2,842,205
222,152		FNMA	5.000	10/01/35		226,968
100,752		FNMA	7.500	06/01/35		109,478
583,428		FNMA	6.000	07/01/35		612,064
806,653		FNMA	5.000	08/01/35		824,141
798,018		FNMA	6.000	01/01/39		835,022
766,682		FNMA	6.000	01/01/39		802,232
849,934		FNMA	4.500	02/01/39		849,346

337

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	VALUE
$2,000,000	h	FNMA	6.500%	08/25/38	$	2,121,250
2,729,080		FNMA	4.500	01/01/39		2,726,922
800,812		FNMA	5.500	01/01/39		827,786
997,973		FNMA	4.500	05/01/39		997,183
2,000,000	h	FNMA	5.000	07/25/39		2,036,250
8,000,000	h	FNMA	6.000	08/25/39		8,332,496
1,962,885		FNMA	4.500	02/01/39		1,961,528
732,942		FNMA	5.500	02/01/39		757,630
792,622		FNMA	5.000	04/01/39		808,196
93,978		FNMA	6.000	10/01/37		98,356
111,446		FNMA	6.000	09/01/37		116,637
124,466		FNMA	6.000	09/01/37		130,264
74,968		FNMA	6.000	09/01/37		78,460
76,714		FNMA	7.000	04/01/37		83,325
266,795		FNMA	6.500	08/01/37		284,517
312,113		FNMA	6.500	08/01/37		332,845
559,268		FNMA	6.500	09/01/37		596,418
1,036,073		FNMA	6.500	09/01/37		1,104,895
398,157	i	FNMA	5.900	10/01/37		418,675
93,363		FNMA	6.000	09/01/37		97,713
1,104,859		FNMA	6.500	09/01/37		1,178,250
199,192		FNMA	6.500	09/01/37		212,423
595,389		FNMA	5.500	01/01/35		617,431
573,243		FNMA	5.000	03/01/21		600,257
36,626		FNMA	8.000	03/01/23		39,905
574,300		FNMA	5.500	02/01/24		597,749
386,185		FNMA	5.000	03/01/20		404,384
124,967		FNMA	4.500	12/01/20		128,867
412,757		FNMA	5.000	12/01/20		430,016
3,152,718		FNMA	5.000	10/01/25		3,230,929
20,878		FNMA	9.000	11/01/25		22,862
18,783		FNMA	7.500	01/01/29		20,485
994,604		FNMA	4.000	05/01/24		996,262
1,321,744		FNMA	5.500	07/01/24		1,374,797
1,000,000	h	FNMA	4.500	07/25/24		1,020,000
1,111,904		FNMA	4.500	04/01/19		1,151,817
402,643		FNMA	4.560	01/01/15		417,024
171,092		FNMA	6.500	10/01/16		181,632
70,731		FNMA	6.500	11/01/16		75,088
36,094		FNMA	5.000	06/01/13		37,208
2,205,965		FNMA	4.780	02/01/14		2,305,195
2,795,251		FNMA	4.640	11/01/14		2,899,092
131,874		FNMA	5.500	05/01/18		139,283
142,861		FNMA	6.000	01/01/19		151,425
1,000,000		FNMA	4.000	02/25/19		987,951
465,533		FNMA	5.000	12/01/17		487,616
124,473		FNMA	6.500	02/01/18		131,927
313,589		FNMA	5.500	04/01/18		330,248
245,457		FNMA	5.000	03/01/34		251,124
1,011,383		FNMA	5.000	03/01/34		1,034,732
200,699		FNMA	5.000	03/01/34		205,333
386,783		FNMA	5.500	12/01/33		401,344

338

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	VALUE
$      645,823		FNMA	5.500%	12/01/33	$	670,136
520,734		FNMA	5.500	01/01/34		540,338
3,868,273		FNMA	5.000	08/01/34		3,950,506
724,168		FNMA	6.000	08/01/34		762,654
250,281		FNMA	6.000	12/01/34		263,191
2,032,016		FNMA	5.000	03/01/34		2,078,927
244,096		FNMA	5.000	03/01/34		249,731
1,631,735		FNMA	5.000	04/01/34		1,668,131
390,181		FNMA	5.500	12/01/33		404,870
932,480		FNMA	5.500	06/01/33		967,585
399,919		FNMA	5.000	07/01/33		409,152
2,353,232		FNMA	5.500	07/01/33		2,441,823
377,501		FNMA	7.000	07/01/32		413,207
149,601		FNMA	5.000	02/01/33		153,054
741,745		FNMA	4.500	03/25/33		766,879
466,078		FNMA	5.000	10/01/33		476,837
1,018,567		FNMA	5.000	11/01/33		1,042,081
1,067,082		FNMA	5.000	11/01/33		1,091,717
1,191,857		FNMA	4.500	08/01/33		1,195,570
1,217,357		FNMA	4.500	10/01/33		1,221,149
532,217		FNMA	5.000	10/01/33		544,504
811,935		Government National Mortgage Association (GNMA)	5.000	04/15/38		829,569
1,000,000	h	GNMA	5.000	07/15/38		1,019,375
1,000,000	h	GNMA	5.500	07/15/38		1,032,500
404,536		GNMA	6.000	01/20/37		421,783
591,790		GNMA	6.000	02/20/37		617,022
1,065,371		GNMA	6.000	12/15/37		1,111,274
870,670		GNMA	5.500	07/15/38		900,667
997,338		GNMA	4.500	03/15/39		997,611
1,000,000	h	GNMA	6.000	07/15/39		1,041,562
497,113		GNMA	6.230	09/15/43		506,857
877,206		GNMA	5.500	07/20/38		904,993
405,958		GNMA	6.000	08/15/38		423,386
402,082		GNMA	6.000	08/20/38		419,220
395,592		GNMA	6.000	10/20/36		411,789
56,977		GNMA	6.500	12/15/28		61,537
122,064		GNMA	6.500	03/15/29		131,758
39,538		GNMA	8.500	10/20/30		44,020
15,015		GNMA	6.500	09/15/23		15,957
40,111		GNMA	7.500	11/15/23		44,034
5,766		GNMA	7.500	08/15/28		6,328
12,784		GNMA	7.000	06/20/31		13,927
367,194		GNMA	5.500	11/20/33		379,189
1,531,805		GNMA	5.500	02/20/35		1,580,089
535,296		GNMA	5.500	03/20/35		552,170
156,166		GNMA	5.000	02/15/33		160,241
222,901		GNMA	5.500	07/15/33		231,626
1,731,426		GNMA	5.000	09/15/33		1,776,605
		TOTAL MORTGAGE BACKED				178,875,768
U.S. TREASURY SECURITIES - 7.39%
8,302,000		United States Treasury Bond	8.000	11/15/21		11,454,170

339

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$6,600,000		United States Treasury Bond	5.250%	02/15/29		$	7,422,941
507,000		United States Treasury Bond	4.500	02/15/36			522,289
1,929,000		United States Treasury Bond	5.000	05/15/37			2,146,614
587,000		United States Treasury Bond	4.380	02/15/38			592,778
1,345,000		United States Treasury Note	0.880	05/31/11			1,340,171
955,000	h	United States Treasury Note	1.130	06/30/11			955,076
1,369,100		United States Treasury Note	1.380	05/15/12			1,361,407
1,000,000		United States Treasury Note	1.880	06/15/12			1,007,270
311,000		United States Treasury Note	1.880	04/30/14			301,791
820,000		United States Treasury Note	2.250	05/31/14			808,979
325,000		United States Treasury Note	2.630	06/30/14			326,187
850,000		United States Treasury Note	2.630	02/29/16			824,832
1,000,000		United States Treasury Note	2.380	03/31/16			952,891
470,000		United States Treasury Note	3.250	05/31/16			472,056
2,303,000		United States Treasury Note	2.750	02/15/19			2,156,899
860,000		United States Treasury Note	3.130	05/15/19			831,783
1,875,000		United States Treasury Note	3.500	02/15/39			1,621,294
1,000,000	j	United States Treasury Strip Principal	0.000	08/15/27			443,046
		TOTAL U.S. TREASURY SECURITIES					35,542,474
		TOTAL GOVERNMENT BONDS					241,329,719
		(Cost $234,270,944)
		TOTAL BONDS					425,946,543
		(Cost $416,912,920)
STRUCTURED ASSETS - 9.44%
ASSET BACKED - 5.27%
500,000		AmeriCredit Automobile Receivables Trust	5.640	09/06/13	Aa3		501,375
		Series - 2006 AF (Class A4)
1,662,164		Centex Home Equity	5.540	01/25/32	Aaa		1,405,822
		Series - 2002 A (Class AF6)
703,544	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	Aa2		327,233
		Series - 2004 2 (Class 1M1)
715,744	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	Baa2		283,045
		Series - 2004 2 (Class 1B)
2,000,000		Chase Issuance Trust	4.260	05/15/13	Aaa		2,057,594
		Series - 2008 A9 (Class A9)
682,305		CIT Group Home Equity Loan Trust	6.390	12/25/30	Ba3		95,642
		Series - 2002 2 (Class MF2)
469,385		CIT Group Home Equity Loan Trust	6.830	06/25/33	Ca		17,103
		Series - 2002 2 (Class BF)
164,839	g	Credit-Based Asset Servicing and Securitization LLC	6.160	12/25/36	Aaa		138,100
		Series - 2007 MX1 (Class A1)
3,000,000	g	Flagstar Home Equity Loan Trust	5.780	01/25/35	B3		1,387,385
		Series - 2007 1A (Class AF3)
2,563,293		GMAC Mortgage Corporation Loan Trust 2006-HLTV A3	5.590	10/25/29	Baa2		2,060,261
		Series - 2006 HLTV (Class A3)
2,650,000		GMAC Mortgage Corporation Loan Trust 2006-HLTV A4	5.810	10/25/29	Baa3		1,151,568
		Series - 2006 HLTV (Class A4)

340

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      117,524		HFC Home Equity Loan Asset Backed Certificates	5.790%	03/20/36	Aaa	$	115,935
		Series - 2006 4 (Class A1F)
$693,726		HFC Home Equity Loan Asset Backed Certificates	5.910	03/20/36	Aaa		647,559
		Series - 2007 1 (Class A1F)
312,624	g	JPMorgan Auto Receivables Trust	5.190	02/15/11	Aaa		315,437
		Series - 2007 A (Class A3)
922,219	g	Marriott Vacation Club Owner Trust	5.740	04/20/28	Aaa		812,948
		Series - 2006 1A (Class A)
241,839	g	Marriott Vacation Club Owner Trust	5.520	05/20/29	Aaa		191,816
		Series - 2007 1A (Class A)
47,833	g,m	New York City Tax Lien	5.930	11/10/19	Aaa		47,833
		Series - 2006 AA (Class A)
1,000,000		Renaissance Home Equity Loan Trust	5.590	11/25/36	Baa3		459,624
		Series - 2006 3 (Class AF3)
792,550		Residential Asset Mortgage Products, Inc	4.970	09/25/33	Aaa		576,065
		Series - 2003 RZ5 (Class A7)
5,000,000	i	Residential Asset Mortgage Products, Inc	0.930	11/25/34	Aa1		3,247,182
		Series - 2004 RS11 (Class M1)
387,171	i	Residential Asset Securities Corp	6.490	10/25/30	Aaa		272,391
		Series - 2001 KS2 (Class AI6)
250,000		Residential Funding Mortgage Securities II, Inc	5.520	04/25/21	Aa1		214,383
		Series - 2006 HI5 (Class A2)
7,000,000		Residential Funding Mortgage Securities II, Inc	5.790	02/25/36	Aa3		4,189,501
		Series - 2006 HI2 (Class A3)
1,000,000		Residential Funding Mortgage Securities II, Inc	5.960	02/25/36	Aa3		579,198
		Series - 2006 HI3 (Class A3)
500,000		Residential Funding Mortgage Securities II, Inc	6.010	02/25/36	Aa1		177,903
		Series - 2006 HI1 (Class M1)
1,500,000		Residential Funding Mortgage Securities II, Inc	6.060	02/25/36	A2		335,132
		Series - 2006 HI1 (Class M2)
3,528,000		Residential Funding Mortgage Securities II, Inc	5.440	09/25/36	Aa3		2,116,838
		Series - 2006 HI4 (Class A3)
798,645		Saxon Asset Securities Trust	6.120	11/25/30	Aaa		598,269
		Series - 2002 2 (Class AF6)
1,095,272	g	Sierra Receivables Funding Co	5.840	05/20/18	Baa3		878,209
		Series - 2006 1A (Class A1)
297,477	g,i	Wachovia Loan Trust	0.670	05/25/35	Aaa		167,971
		Series - 2005 SD1 (Class A)
		TOTAL ASSET BACKED					25,369,322
OTHER MORTGAGE BACKED - 4.17%
340,000	i	Banc of America Commercial Mortgage, Inc	5.240	11/10/42	Aaa		297,171
		Series - 2005 1 (Class A5)
325,000		Banc of America Commercial Mortgage, Inc	5.360	10/10/45	Aaa		255,992
		Series - 2006 6 (Class A4)
350,000	i	Banc of America Commercial Mortgage, Inc	5.630	04/10/49	Aaa		317,779
		Series - 2007 2 (Class A2)
180,198		Banc of America Mortgage Securities, Inc	6.000	05/25/36	Ba3		172,979
		Series - 2006 1 (Class A8)
156,267		Bank of America Alternative Loan Trust	5.500	09/25/19	Aaa		147,916
		Series - 2004 8 (Class 3A1)
230,000	i	Bear Stearns Commercial Mortgage Securities	4.750	02/13/46	Aaa		200,099
		Series - 2004 T16 (Class A6)

341

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      200,000		Bear Stearns Commercial Mortgage Securities	5.200%	12/11/38	Aaa	$	166,155
		Series - 2006 PW14 (Class A4)
600,000		Bear Stearns Commercial Mortgage Securities	5.540	10/12/41	Aaa		509,692
		Series - 2006 T24 (Class A4)
1,300,000		Citicorp Mortgage Securities, Inc	5.500	07/25/35	Baa3		814,806
		Series - 2005 4 (Class 1A7)
380,000	i	Citigroup/Deutsche Bank Commercial Mortgage Trust	5.890	11/15/44	Aaa		302,941
		Series - 2007 CD5 (Class A4)
1,100,000		Citigroup/Deutsche Bank Commercial Mortgage Trust	5.620	10/15/48	Aaa		895,268
		Series - 2006 CD3 (Class A5)
400,000	i	Commercial Mortgage Pass Through Certificates	6.010	12/10/49	Aaa		317,904
		Series - 2007 C9 (Class A4)
628,943		Countrywide Alternative Loan Trust	5.500	08/25/16	Baa1		569,392
		Series - 2004 30CB (Class 1A15)
500,000		Countrywide Alternative Loan Trust	5.380	01/25/35	NR		393,775
		Series - 2004 29CB (Class A7)
1,800,000		Countrywide Alternative Loan Trust	5.500	10/25/35	B3		673,107
		Series - 2005 42CB (Class A12)
520,430		Countrywide Home Loan Mortgage Pass Through Trust	5.250	09/25/35	NR		480,284
		Series - 2005 17 (Class 1A10)
496,902	g,i	Credit Suisse Mortgage Capital Certificates	0.500	04/15/22	Aaa		380,864
		Series - 2007 TF2A (Class A1)
190,000	i	Credit Suisse Mortgage Capital Certificates	5.700	09/15/40	NR		130,465
		Series - 2007 C5 (Class A4)
1,250,000	i	Credit Suisse Mortgage Capital Certificates	5.540	01/15/49	Aaa		840,158
		Series - 2007 C2 (Class A3)
735,348	g,i	Credit Suisse/Morgan Stanley Commercial Mortgage Certificate	0.510	05/15/23	Aaa		573,785
		Series - 2006 HC1A (Class A1)
245,000		CS First Boston Mortgage Securities Corp	3.940	05/15/38	Aaa		221,165
		Series - 2003 C3 (Class A5)
1,065,000	i	CS First Boston Mortgage Securities Corp	5.100	08/15/38	Aaa		908,078
		Series - 2005 C5 (Class A4)
320,000	i	Greenwich Capital Commercial Funding Corp	5.220	04/10/37	Aaa		273,720
		Series - 2005 GG5 (Class A5)
575,000	i	Greenwich Capital Commercial Funding Corp	6.110	07/10/38	Aaa		471,663
		Series - 2006 GG7 (Class A4)
500,000		Greenwich Capital Commercial Funding Corp	5.440	03/10/39	Aaa		398,557
		Series - 2007 GG9 (Class A4)
835,000		Greenwich Capital Commercial Funding Corp	5.740	12/10/49	Aaa		671,376
		Series - 2007 GG11 (Class A4)
325,000	i	GS Mortgage Securities Corp II	5.550	04/10/38	NR		267,658
		Series - 2006 GG6 (Class A4)
500,000		GS Mortgage Securities Corp II	5.560	11/10/39	Aaa		407,803
		Series - 2006 GG8 (Class A4)
350,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.340	05/15/47	Aaa		268,308
		Series - 2006 LDP9 (Class A3)
1,175,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.500	02/15/20	Aaa		623,891
		Series - 2006 FL1A (Class A2)
1,000,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.260	07/12/37	Aaa		929,122
		Series - 2003 CB6 (Class A2)
235,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.050	04/15/45	Aaa		225,856
		Series - 2006 LDP7 (Class A2)

342

TIAA-CREF FUNDS - Bond Plus Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$      415,000		LB-UBS Commercial Mortgage Trust	4.740%	02/15/30	Aaa	$	363,806
		Series - 2005 C1 (Class A4)
175,000		LB-UBS Commercial Mortgage Trust	4.390	03/15/32	Aaa		164,409
		Series - 2003 C1 (Class A4)
378,000	i	LB-UBS Commercial Mortgage Trust	6.320	04/15/41	Aaa		309,281
		Series - 2008 C1 (Class A2)
241,897	i	Merrill Lynch Mortgage Trust	5.110	07/12/38	Aaa		152,045
		Series - 2005 CIP1 (Class AM)
275,000	i	Merrill Lynch Mortgage Trust	5.840	05/12/39	Aaa		223,893
		Series - 2006 C1 (Class A4)
220,000	g,i	Merrill Lynch Mortgage Trust	6.460	02/12/51	A3		37,116
		Series - 2008 C1 (Class C)
250,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.600	02/12/39	Aaa		199,558
		Series - 2006 1 (Class A4)
365,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	6.160	08/12/49	Aaa		167,404
		Series - 2007 8 (Class AM)
245,000	i	Morgan Stanley Capital I	5.270	06/13/41	Aaa		221,025
		Series - 2004 T15 (Class A4)
60,000		Morgan Stanley Capital I	5.330	11/12/41	Aaa		48,556
		Series - 0 HQ10 (Class A4)
475,000		Morgan Stanley Capital I	5.170	01/14/42	Aaa		428,212
		Series - 2005 HQ5 (Class A4)
630,000		Morgan Stanley Capital I	5.810	12/12/49	NR		480,049
		Series - 2007 IQ16 (Class A4)
250,985		Morgan Stanley Capital I	4.810	01/14/42	Aaa		253,351
		Series - 2005 HQ5 (Class A2)
420,000		Morgan Stanley Capital I	5.360	03/15/44	Aaa		318,218
		Series - 2007 IQ13 (Class A4)
100,000	i	Morgan Stanley Capital I	5.730	07/12/44	Aaa		82,062
		Series - 2006 HQ9 (Class A4)
940,000		Residential Accredit Loans, Inc	5.750	05/25/35	B2		466,659
		Series - 2005 QS6 (Class A7)
1,237,689	g	Wachovia Amortization Controlled Heloc NIM	5.680	08/12/47	A3		1,035,438
		Series - 2006 N1 (Class N1)
530,000	g,i	Wachovia Bank Commercial Mortgage Trust	0.440	09/15/21	A1		265,000
		Series - 2006 WL7A (Class A2)
100,000		Wachovia Bank Commercial Mortgage Trust	5.380	12/15/43	Aaa		46,919
		Series - 2007 C30 (Class AM)
250,000		Wachovia Bank Commercial Mortgage Trust	5.420	04/15/47	Aaa		229,464
		Series - 2007 C31 (Class A2)
585,729	i	Wells Fargo Mortgage Backed Securities Trust	5.070	03/25/36	NR		419,399
		Series - 2006 AR2 (Class 2A3)
		TOTAL OTHER MORTGAGE BACKED					20,019,593
		TOTAL STRUCTURED ASSETS					45,388,915
		(Cost $65,352,988)
SHARES		COMPANY
PREFERRED STOCKS - 0.04%
MORTGAGE BACKED - 0.04%
38,322	*	Federal Home Loan Mortgage Corp (FHLMC)	8.380	12/30/49	Ca		46,753
110,728	*	Federal National Mortgage Association (FNMA)	8.250	12/30/49	Ca		148,375
		Total MORTGAGE BACKED				$	195,128

343

TIAA-CREF FUNDS - Bond Plus Fund
			MATURITY
PRINCIPAL		ISSUER	DATE	VALUE
		TOTAL PREFERRED STOCKS		$	195,128
		(Cost $3,726,250)
TIAA-CREF MUTUAL FUND- 0.82%
$      472,955	a	TIAA-CREF High-Yield Fund			3,953,906
		TOTAL TIAA-CREF MUTUAL FUND			3,953,906
		(Cost $4,711,202)
SHORT-TERM INVESTMENTS - 4.45%
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 4.45%
940,000		Federal Home Loan Bank (FHLB)	07/13/09		939,947
8,780,000		FHLB	07/01/09		8,780,000
11,690,000		Federal National Mortgage Association (FNMA)	07/13/09		11,689,387
					21,409,334
		TOTAL SHORT-TERM INVESTMENTS			21,409,334
		(Cost $21,409,334)
		TOTAL INVESTMENTS - 103.30%			496,893,826
		(Cost $512,112,694)
		OTHER ASSETS AND LIABILITIES, NET - (3.30)%			(15,868,188	)
		NET ASSETS - 100.00%		$	481,025,638
		The following abbreviations are used in portfolio descriptions:
		LLC - Limited Liability Corporation
		LP - Limited Partnership
		NR - Not Rated by Moody's
		plc - Public Limited Company
		WR - Withdrawn Rating
	†	As provided by Moody's Investors Services.
	*	Non-income producing.
	a	The fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.
	g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At June 30, 2009 the value of these securities amounted to $32,272,575 or 6.71% of net assets.
	h	These securities were purchased on a delayed delivery basis.
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.
	j	Zero coupon.
	m	Indicates a security that has been deemed illiquid.
	n	In default.
	o	Payment in Kind Bond.

344

TIAA-CREF FUNDS - Short-Term Bond Fund
TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
BONDS - 93.21%
CORPORATE BONDS - 36.43%
AMUSEMENT AND RECREATION SERVICES - 0.16%
$     350,000		Walt Disney Co	5.700%	07/15/11	A2	$	374,464
		TOTAL AMUSEMENT AND RECREATION SERVICES					374,464
APPAREL AND ACCESSORY STORES - 0.04%
100,000		Nordstrom, Inc	6.750	06/01/14	Baa2		103,951
		TOTAL APPAREL AND ACCESSORY STORES					103,951
BUSINESS SERVICES - 1.03%
500,000		Daimler Finance North America LLC	5.880	03/15/11	A3		508,312
100,000		Daimler Finance North America LLC	5.750	09/08/11	A3		102,039
550,000		Microsoft Corp	2.950	06/01/14	Aaa		546,010
275,000		Oracle Corp	3.750	07/08/14	A2		275,000
1,000,000		WPP Finance UK	8.000	09/15/14	Baa2		1,015,528
		TOTAL BUSINESS SERVICES					2,446,889
CHEMICALS AND ALLIED PRODUCTS - 2.21%
100,000		Abbott Laboratories	5.600	05/15/11	A1		106,839
200,000		Air Products & Chemicals, Inc	4.150	02/01/13	A2		202,943
1,000,000		Clorox Co	5.450	10/15/12	Baa2		1,058,913
500,000		Eli Lilly & Co	3.550	03/06/12	A1		517,991
1,000,000		GlaxoSmithKline Capital, Inc	4.850	05/15/13	A1		1,046,043
1,500,000		Novartis Capital Corp	4.130	02/10/14	Aa2		1,544,054
500,000		Pfizer, Inc	4.450	03/15/12	Aa2		524,620
250,000		Procter & Gamble Co	4.600	01/15/14	Aa3		262,921
		TOTAL CHEMICALS AND ALLIED PRODUCTS					5,264,324
COMMUNICATIONS - 2.88%
250,000		Allbritton Communications Co	7.750	12/15/12	Caa1		193,125
100,000		AT&T Corp	7.300	11/15/11	A2		109,664
125,000		AT&T, Inc	6.700	11/15/13	A2		137,278
500,000		Qwest Communications International, Inc	7.250	02/15/11	Ba3		485,000
295,000		Rogers Wireless, Inc	8.000	12/15/12	Baa3		303,850
850,000		Telecom Italia Capital S.A.	6.180	06/18/14	Baa2		859,585
1,375,000		Time Warner Cable, Inc	6.200	07/01/13	Baa2		1,448,761
200,000		Verizon Communications, Inc	4.350	02/15/13	A3		204,293
550,000	g	Verizon Wireless Capital LLC	3.750	05/20/11	A2		561,260
1,300,000	g	Verizon Wireless Capital LLC	5.550	02/01/14	A2		1,380,116
200,000		Viacom, Inc	5.750	04/30/11	Baa3		204,752
1,000,000		Vodafone Group plc	4.150	06/10/14	Baa1		984,309
		TOTAL COMMUNICATIONS					6,871,993

345

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
DEPOSITORY INSTITUTIONS - 9.50%
$2,700,000	g	BA Covered Bond Issuer	5.500%	06/14/12	Aaa	$	2,656,178
3,000,000		Bank of America Corp	2.380	06/22/12	Aaa		3,030,005
675,000		Bank of America Corp	7.380	05/15/14	A2		697,286
200,000		Bank of New York Mellon Corp	4.300	05/15/14	Aa2		203,224
600,000		Citigroup, Inc	5.100	09/29/11	A3		587,552
2,000,000		Citigroup, Inc	2.130	04/30/12	Aaa		2,008,780
1,000,000		Citigroup, Inc	5.300	10/17/12	A3		964,558
130,000		Credit Suisse	5.000	05/15/13	Aa1		132,902
500,000		Credit Suisse	5.500	05/01/14	Aa1		519,470
250,000		Deutsche Bank AG.	4.880	05/20/13	Aa1		256,618
500,000	g	FIA Card Services NA	7.130	11/15/12	A1		526,808
3,000,000		JPMorgan Chase & Co	3.130	12/01/11	Aaa		3,103,355
300,000		JPMorgan Chase & Co	2.130	12/26/12	Aaa		298,483
500,000		KeyBank NA	3.200	06/15/12	Aaa		516,884
750,000		M&I Marshall & Ilsley Bank	4.400	03/15/10	A3		734,839
750,000		New York Community Bank	3.000	12/16/11	Aaa		770,908
275,000		Northern Trust Corp	4.630	05/01/14	A1		282,592
1,500,000		Regions Bank	3.250	12/09/11	Aaa		1,556,349
500,000	g	Shinhan Bank	6.000	06/29/12	A2		497,817
1,000,000		Sovereign Bank	2.750	01/17/12	Aaa		1,013,355
1,000,000		State Street Corp	2.150	04/30/12	Aaa		1,004,525
225,000		State Street Corp	4.300	05/30/14	A1		222,444
500,000		Wachovia Corp	5.300	10/15/11	A1		521,049
500,000		Wells Fargo & Co	2.130	06/15/12	Aaa		501,465
		TOTAL DEPOSITORY INSTITUTIONS					22,607,446
ELECTRIC, GAS, AND SANITARY SERVICES - 2.93%
500,000		Alabama Power Co	5.800	11/15/13	A2		541,712
250,000		CenterPoint Energy Houston Electric LLC	7.000	03/01/14	Baa2		269,883
275,000		Consumers Energy Co	4.400	08/15/09	Baa1		275,515
250,000		Dominion Resources, Inc	8.880	01/15/19	Baa2		298,135
500,000		Duke Energy Carolinas LLC	5.750	11/15/13	A2		537,590
500,000		Duke Energy Corp	6.300	02/01/14	Baa2		539,820
250,000		Georgia Power Co	6.000	11/01/13	A2		272,661
500,000	g	Korea Hydro & Nuclear Power Co Ltd	6.250	06/17/14	A2		498,761
1,250,000		Ohio Power Co	5.300	11/01/10	A3		1,297,239
625,000		ONEOK Partners LP	5.900	04/01/12	Baa2		641,218
500,000		PG&E Corp	5.750	04/01/14	Baa1		532,759
350,000		Public Service Electric & Gas Co	6.330	11/01/13	A3		382,642
600,000		Texas Eastern Transmission LP	7.300	12/01/10	A3		621,225
250,000		Veolia Environnement	5.250	06/03/13	A3		258,422
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES					6,967,582
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 0.09%
200,000		Whirlpool Corp	8.000	05/01/12	Baa3		206,995
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT					206,995
FABRICATED METAL PRODUCTS - 0.43%
1,000,000		Stanley Works	5.000	03/15/10	A3		1,013,421
		TOTAL FABRICATED METAL PRODUCTS					1,013,421

346

TIAA-CREF FUNDS - Short-Term Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†	VALUE
FOOD AND KINDRED PRODUCTS - 1.27%
$   600,000	Coca-Cola Enterprises, Inc	3.750%	03/01/12	A3	$	622,695
1,000,000	ConAgra Foods, Inc	5.880	04/15/14	Baa2		1,060,174
440,000	Diageo Finance BV	3.880	04/01/11	A3		450,799
600,000	Dr Pepper Snapple Group, Inc	6.120	05/01/13	Baa3		621,145
125,000	General Mills, Inc	5.250	08/15/13	Baa1		132,024
125,000	PepsiAmericas, Inc	5.750	07/31/12	Baa1		133,964
	TOTAL FOOD AND KINDRED PRODUCTS					3,020,801
FOOD STORES - 0.63%
1,000,000	Kroger Co	5.000	04/15/13	Baa2		1,022,995
300,000	Safeway, Inc	4.950	08/16/10	Baa2		306,159
150,000	Safeway, Inc	6.250	03/15/14	Baa2		160,972
	TOTAL FOOD STORES					1,490,126
GENERAL MERCHANDISE STORES - 0.66%
1,600,000	Wal-Mart Stores, Inc	3.000	02/03/14	Aa2		1,578,637
	TOTAL GENERAL MERCHANDISE STORES					1,578,637
HOLDING AND OTHER INVESTMENT OFFICES - 0.29%
130,000	Boston Properties LP	6.250	01/15/13	Baa2		129,397
210,000	Duke Realty LP	5.630	08/15/11	Baa2		201,033
25,000	ProLogis	5.500	04/01/12	Baa2		23,015
75,000	ProLogis	5.500	03/01/13	Baa2		65,741
50,000	Simon Property Group LP	6.750	05/15/14	A3		50,240
250,000	Washington Real Estate Investment Trust	5.950	06/15/11	Baa1		235,882
	TOTAL HOLDING AND OTHER INVESTMENT OFFICES					705,308
INDUSTRIAL MACHINERY AND EQUIPMENT - 1.51%
50,000	Black & Decker Corp	8.950	04/15/14	Baa3		54,820
480,000	Caterpillar Financial Services Corp	6.130	02/17/14	A2		512,012
500,000	Dell, Inc	3.380	06/15/12	A2		508,968
300,000	Hewlett-Packard Co	4.250	02/24/12	A2		313,122
300,000	Hewlett-Packard Co	2.950	08/15/12	A2		302,218
275,000	Hewlett-Packard Co	4.750	06/02/14	A2		287,084
1,000,000	IBM International Group Capital LLC	5.050	10/22/12	A1		1,070,457
125,000	Ingersoll-Rand Global Holding Co Ltd	9.500	04/15/14	Baa1		136,886
250,000	ITT Corp	4.900	05/01/14	Baa1		248,291
175,000	Xerox Corp	8.250	05/15/14	Baa2		181,976
	TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT					3,615,834
INSTRUMENTS AND RELATED PRODUCTS - 0.11%
250,000	Xerox Corp	7.630	06/15/13	Baa2		251,808
	TOTAL INSTRUMENTS AND RELATED PRODUCTS					251,808
INSURANCE CARRIERS - 0.96%
1,020,000	Progressive Corp	6.380	01/15/12	A1		1,032,204
1,000,000	Prudential Financial, Inc	5.800	06/15/12	Baa2		1,003,421
250,000	United Health Group, Inc	4.880	02/15/13	Baa1		252,697
	TOTAL INSURANCE CARRIERS					2,288,322

347

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
METAL MINING - 0.08%
$   200,000		Rio Tinto Finance USA Ltd	5.880%	07/15/13	Baa1	$	201,253
		TOTAL METAL MINING					201,253
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.12%
275,000		Hasbro, Inc	6.130	05/15/14	Baa2		282,688
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES					282,688
MISCELLANEOUS RETAIL - 0.67%
1,000,000		CVS Caremark Corp	5.750	08/15/11	Baa2		1,057,481
250,000		Staples, Inc	7.750	04/01/11	Baa2		264,375
250,000		Staples, Inc	9.750	01/15/14	Baa2		279,233
		TOTAL MISCELLANEOUS RETAIL					1,601,089
NONDEPOSITORY INSTITUTIONS - 4.24%
250,000		American Express Centurion Bank	5.550	10/17/12	A2		249,771
1,250,000	g	American Honda Finance Corp	5.130	12/15/10	A1		1,233,308
300,000	g	Anglo American Capital plc	9.380	04/08/14	Baa1		325,875
600,000	g	BAE Systems Holdings, Inc	6.400	12/15/11	Baa2		636,499
100,000		Capital One Financial Corp	5.700	09/15/11	Baa1		100,444
1,000,000	i	Countrywide Financial Corp	1.430	05/07/12	A2		909,453
1,000,000		General Electric Capital Corp	2.250	03/12/12	Aaa		1,008,849
400,000		General Electric Capital Corp	2.200	06/08/12	Aaa		402,049
275,000		General Electric Capital Corp	5.900	05/13/14	Aa2		280,682
1,600,000		GMAC, Inc	2.200	12/19/12	Aaa		1,593,550
1,250,000		HSBC Finance Corp	5.250	01/14/11	A3		1,258,440
500,000		HSBC Finance Corp	4.750	07/15/13	A3		488,230
172,000		International Lease Finance Corp	5.750	06/15/11	Baa2		142,633
250,000		Landwirtschaftliche Rentenbank	5.250	07/02/12	Aaa		270,266
250,000	g	Mantis Reef Ltd	4.800	11/03/09	A3		247,675
1,000,000	g	Nationwide Building Society	5.500	07/18/12	Aaa		945,098
		TOTAL NONDEPOSITORY INSTITUTIONS					10,092,822
OIL AND GAS EXTRACTION - 0.80%
275,000		Anadarko Petroleum Corp	7.630	03/15/14	Baa3		298,131
200,000		Baker Hughes, Inc	6.500	11/15/13	A2		221,829
250,000		BJ Services Co	5.750	06/01/11	Baa1		255,372
500,000		Devon Energy Corp	5.630	01/15/14	Baa1		526,762
225,000		Enterprise Products Operating LLC	4.600	08/01/12	Baa3		226,539
250,000		XTO Energy, Inc	4.630	06/15/13	Baa2		250,886
125,000		XTO Energy, Inc	5.750	12/15/13	Baa2		131,429
		TOTAL OIL AND GAS EXTRACTION					1,910,948
PETROLEUM AND COAL PRODUCTS - 0.94%
275,000		BP Capital Markets plc	3.130	03/10/12	Aa1		280,528
300,000		Chevron Corp	3.450	03/03/12	Aa1		309,449
25,000		Chevron Corp	3.950	03/03/14	Aa1		25,739
350,000		ConocoPhillips	4.600	01/15/15	A1		359,676
75,000		Hess Corp	7.000	02/15/14	Baa2		81,228
1,000,000		Marathon Oil Corp	6.500	02/15/14	Baa1		1,069,050
100,000		StatoilHydro ASA	3.880	04/15/14	Aa2		101,421
		TOTAL PETROLEUM AND COAL PRODUCTS					2,227,091

348

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
PRIMARY METAL INDUSTRIES - 0.04%
$   110,000		ArcelorMittal	5.380%	06/01/13	Baa3	$	105,357
		TOTAL PRIMARY METAL INDUSTRIES					105,357
PRINTING AND PUBLISHING - 0.42%
1,000,000		Thomson Corp	5.250	08/15/13	Baa1		994,189
		TOTAL PRINTING AND PUBLISHING					994,189
RAILROAD TRANSPORTATION - 0.80%
1,000,000		Burlington Northern Santa Fe Corp	6.750	07/15/11	Baa1		1,074,524
500,000		Canadian National Railway Co	4.950	01/15/14	A3		521,834
100,000		Norfolk Southern Corp	5.750	04/01/18	Baa1		102,246
200,000		Union Pacific Corp	5.130	02/15/14	Baa2		206,729
		TOTAL RAILROAD TRANSPORTATION					1,905,333
SECURITY AND COMMODITY BROKERS - 2.61%
1,000,000		Charles Schwab Corp	4.950	06/01/14	A2		1,017,175
500,000	i	Goldman Sachs Capital II	5.790	12/30/49	A3		304,725
650,000		Goldman Sachs Group, Inc	5.700	09/01/12	A1		680,418
190,000		Goldman Sachs Group, Inc	5.150	01/15/14	A1		190,695
260,000		Goldman Sachs Group, Inc	6.000	05/01/14	A1		271,352
500,000	n	Lehman Brothers Holdings Capital Trust V	5.860	12/30/49	Ca		50
1,250,000		Merrill Lynch & Co, Inc	4.130	09/10/09	A2		1,251,779
500,000		Merrill Lynch & Co, Inc	6.050	08/15/12	A2		501,322
300,000		Merrill Lynch & Co, Inc	5.450	02/05/13	A2		291,989
1,000,000		Morgan Stanley	5.300	03/01/13	A2		1,012,867
675,000		Morgan Stanley	6.000	05/13/14	A2		683,416
		TOTAL SECURITY AND COMMODITY BROKERS					6,205,788
TOBACCO PRODUCTS - 0.18%
150,000		Philip Morris International, Inc	4.880	05/16/13	A2		157,408
250,000		Philip Morris International, Inc	6.880	03/17/14	A2		282,080
		TOTAL TOBACCO PRODUCTS					439,488
TRANSPORTATION EQUIPMENT - 0.38%
285,000		Boeing Co	5.000	03/15/14	A2		300,055
550,000		Honeywell International, Inc	5.630	08/01/12	A2		601,913
		TOTAL TRANSPORTATION EQUIPMENT					901,968
WHOLESALE TRADE-NONDURABLE GOODS - 0.45%
1,000,000		McKesson Corp	6.500	02/15/14	Baa3		1,066,919
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS					1,066,919
		TOTAL CORPORATE BONDS					86,742,834
		(Cost $85,638,315)

349

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
GOVERNMENT BONDS - 56.78%
AGENCY SECURITIES - 22.12%
$4,400,000		Federal Farm Credit Bank (FFCB)	2.630%	04/21/11	Aaa	$	4,514,360
1,200,000		Federal Home Loan Bank (FHLB)	3.630	09/16/11	Aaa		1,256,730
1,000,000		FHLB	2.380	04/30/10	Aaa		1,015,772
2,000,000		Federal Home Loan Mortgage Corp (FHLMC)	3.250	07/16/10	Aaa		2,056,144
230,000		FHLMC	2.500	04/23/14	Aaa		226,359
2,700,000		FHLMC	7.000	03/15/10	Aaa		2,824,621
4,700,000		FHLMC	4.750	11/03/09	Aaa		4,771,746
6,500,000		FHLMC	4.880	02/09/10	Aaa		6,675,031
2,000,000		Federal National Mortgage Association (FNMA)	3.630	02/12/13	Aaa		2,102,854
3,000,000		FNMA	2.000	01/09/12	Aaa		3,029,946
1,000,000		FNMA	2.500	05/15/14	Aaa		983,079
1,500,000		FNMA	2.750	03/13/14	Aaa		1,496,790
5,900,000		FNMA	7.130	06/15/10	Aaa		6,274,485
3,000,000		FNMA	4.630	12/15/09	Aaa		3,058,842
2,500,000		FNMA	1.380	04/28/11	Aaa		2,506,470
250,000		FNMA	3.250	08/12/10	Aaa		257,346
7,000,000		Private Export Funding Corp	4.900	12/15/11	Aaa		7,555,009
2,000,000		Private Export Funding Corp	3.550	04/15/13	Aaa		2,074,788
		TOTAL AGENCY SECURITIES					52,680,372
FOREIGN GOVERNMENT BONDS - 4.52%
250,000		Canada Mortgage & Housing Corp	4.800	10/01/10	Aaa		259,682
100,000		China Government International Bond	4.750	10/29/13	A1		105,337
1,100,000		Eksportfinans A/S	5.000	02/14/12	Aa1		1,167,151
300,000		Export-Import Bank of Korea	8.130	01/21/14	A2		328,389
1,000,000	g	Federal Republic of Germany	3.880	06/01/10	Aaa		1,009,425
1,500,000		International Finance Corp	5.130	05/02/11	Aaa		1,544,028
1,000,000		Japan Finance Corp	2.000	06/24/11	Aaa		1,001,808
500,000		Province of Manitoba Canada	5.000	02/15/12	Aa1		528,478
600,000		Province of Ontario Canada	3.130	09/08/10	Aa1		612,542
2,000,000		Province of Ontario Canada	2.630	01/20/12	Aa1		2,033,672
1,200,000		Province of Ontario Canada	4.100	06/16/14	Aa1		1,223,771
400,000	g	Qatar Govt International Bond	5.150	04/09/14	Aa2		400,500
516,000		United Mexican States	5.880	02/17/14	Baa1		540,510
		TOTAL FOREIGN GOVERNMENT BONDS					10,755,293
MORTGAGE BACKED - 0.58%
428,986		Federal Home Loan Mortgage Corp (FHLMC)	5.130	10/15/15			440,337
362,539		Federal Home Loan Mortgage Corp Gold (FGLMC)	5.500	01/01/19			382,569
404,712		FGLMC	5.500	01/01/19			427,073
91,013		FGLMC	6.000	12/01/17			96,131
54,141		Federal National Mortgage Association (FNMA)	5.000	06/01/13			55,812
		TOTAL MORTGAGE BACKED					1,401,922
U.S. TREASURY SECURITIES - 29.56%
5,901,000		United States Treasury Note	0.880	03/31/11			5,892,933
2,137,500		United States Treasury Note	0.880	05/31/11			2,129,826
1,512,500	h	United States Treasury Note	1.130	06/30/11			1,512,621
21,211,000		United States Treasury Note	4.630	12/31/11			22,924,446
7,490,100		United States Treasury Note	1.380	05/15/12			7,448,006
500,000		United States Treasury Note	1.880	06/15/12			503,635

350

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$7,395,000		United States Treasury Note	3.130%	09/30/13		$	7,650,357
3,654,900		United States Treasury Note	2.750	10/31/13			3,722,574
14,949,000		United States Treasury Note	2.000	11/30/13			14,729,429
3,818,000		United States Treasury Note	1.880	04/30/14			3,704,949
145,000		United States Treasury Note	2.250	05/31/14			143,051
25,000		United States Treasury Note	2.630	06/30/14			25,086
		TOTAL U.S. TREASURY SECURITIES					70,386,913
		TOTAL GOVERNMENT BONDS					135,224,500
		(Cost $131,539,573)
		TOTAL BONDS					221,967,334
		(Cost $217,177,888)
STRUCTURED ASSETS - 5.91%
ASSET BACKED - 5.24%
230,520		Aames Mortgage Trust	6.900	06/25/32	Aaa		127,333
		Series - 2002 1 (Class A3)
55,677	g	Asset Backed Funding Corp NIM Trust	5.900	07/26/35	Ca		6
		Series - 2006 WMC1 (Class N1)
221,622		Centex Home Equity	5.540	01/25/32	Aaa		187,443
		Series - 2002 A (Class AF6)
1,286,802		Centex Home Equity	5.560	09/25/34	Aa3		502,616
		Series - 2004 D (Class MF2)
351,772	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	A2		135,532
		Series - 2004 2 (Class 1M2)
357,872	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700	02/25/35	Baa2		141,522
		Series - 2004 2 (Class 1B)
682,305		CIT Group Home Equity Loan Trust	6.390	12/25/30	Ba3		95,642
		Series - 2002 2 (Class MF2)
469,385		CIT Group Home Equity Loan Trust	6.830	06/25/33	Ca		17,103
		Series - 2002 2 (Class BF)
317,159	i	Countrywide Asset-Backed Certificates	0.420	06/25/21	Caa1		197,865
		Series - 2006 S3 (Class A1)
2,000,000	g	Flagstar Home Equity Loan Trust	5.780	01/25/35	B3		924,923
		Series - 2007 1A (Class AF3)
43,821	i	GMAC Mortgage Corporation Loan Trust 2005-HE2 A3	4.620	11/25/35	B1		41,497
		Series - 2005 HE2 (Class A3)
1,934,561		GMAC Mortgage Corporation Loan Trust 2006-HLTV A3	5.590	10/25/29	Baa2		1,554,914
		Series - 2006 HLTV (Class A3)
2,000,000		GMAC Mortgage Corporation Loan Trust 2006-HLTV A4	5.810	10/25/29	Baa3		869,108
		Series - 2006 HLTV (Class A4)
104,208	g	JPMorgan Auto Receivables Trust	5.190	02/15/11	Aaa		105,146
		Series - 2007 A (Class A3)
1,291,107	g	Marriott Vacation Club Owner Trust	5.740	04/20/28	Aaa		1,138,128
		Series - 2006 1A (Class A)
42,206	g,m	New York City Tax Lien	5.930	11/10/19	Aaa		42,206
		Series - 2006 AA (Class A)
500,000		Renaissance Home Equity Loan Trust	5.590	11/25/36	Baa3		229,812
		Series - 2006 3 (Class AF3)
4,000,000		Residential Funding Mortgage Securities II, Inc	5.790	02/25/36	Aa3		2,393,999
		Series - 2006 HI2 (Class A3)

351

TIAA-CREF FUNDS - Short-Term Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$2,000,000		Residential Funding Mortgage Securities II, Inc	5.950%	02/25/36	Aa1	$	1,802,980
		Series - 2006 HI3 (Class A2)
1,300,000		Residential Funding Mortgage Securities II, Inc	5.960	02/25/36	Aa3		752,958
		Series - 2006 HI3 (Class A3)
500,000		Residential Funding Mortgage Securities II, Inc	6.060	02/25/36	A2		111,711
		Series - 2006 HI1 (Class M2)
798,645		Saxon Asset Securities Trust	6.120	11/25/30	Aaa		598,269
		Series - 2002 2 (Class AF6)
608,485	g	Sierra Receivables Funding Co	5.840	05/20/18	Baa3		487,894
		Series - 2006 1A (Class A1)
		TOTAL ASSET BACKED					12,458,607
OTHER MORTGAGE BACKED - 0.67%
116,378		Banc of America Mortgage Securities, Inc	6.000	05/25/36	Ba3		111,715
		Series - 2006 1 (Class A8)
364,165	i	Citigroup Commercial Mortgage Trust	5.620	12/10/49	Aaa		369,648
		Series - 2007 C6 (Class A1)
298,141	g,i	Credit Suisse Mortgage Capital Certificates	0.500	04/15/22	Aaa		228,518
		Series - 2007 TF2A (Class A1)
280,803		First Horizon Asset Securities, Inc	5.500	11/25/33	NR		283,519
		Series - 2003 9 (Class 1A4)
350,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.050	04/15/45	Aaa		336,381
		Series - 2006 LDP7 (Class A2)
300,000	g,i	Wachovia Bank Commercial Mortgage Trust	0.440	09/15/21	A1		150,000
		Series - 2006 WL7A (Class A2)
125,000		Wachovia Bank Commercial Mortgage Trust	5.420	04/15/47	Aaa		114,732
		Series - 2007 C31 (Class A2)
		TOTAL OTHER MORTGAGE BACKED					1,594,513
		TOTAL STRUCTURED ASSETS					14,053,120
		(Cost $22,831,636)
SHARES		COMPANY
PREFERRED STOCKS - 0.04%
MORTGAGE BACKED - 0.04%
15,738	*	Federal Home Loan Mortgage Corp (FHLMC)	8.380	12/30/49	Ca		19,200
55,841	*	Federal National Mortgage Association (FNMA)	8.250	12/30/49	Ca		74,827
		Total MORTGAGE BACKED					94,027
		TOTAL PREFERRED STOCKS					94,027
		(Cost $1,789,475)
		TOTAL INVESTMENTS - 99.16%					236,114,481
		(Cost $241,798,999)
		OTHER ASSETS AND LIABILITIES,NET - 0.84%					1,990,955
		NET ASSETS - 100.00%				$	238,105,436

352

TIAA-CREF FUNDS - Short-Term Bond Fund
		The following abbreviations are used in portfolio descriptions:
		LLC - Limited Liability Corporation
		LP - Limited Partnership
		NR - Not Rated by Moody's
		plc - Public Limited Company
	†	As provided by Moody's Investors Services.
	*	Non-income producing.
	g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At June 30, 2009 the value of these securities amounted to $13,996,141 or 5.88% of net assets.
	h	These securities were purchased on a delayed delivery basis.
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.
	m	Indicates a security that has been deemed illiquid.
	n	In default.

353

TIAA-CREF FUNDS - High-Yield Fund
TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
BANK LOAN OBLIGATIONS - 1.50%
ELECTRIC, GAS, AND SANITARY SERVICES - 0.38%
$2,161,500	i	Texas Competitive Electric Holdings Co LLC	3.820%	10/10/14	B1	$	1,542,771
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES					1,542,771
HEALTH SERVICES - 0.54%
119,158	i	CHS/Community Health Systems	3.530	07/25/14	Ba3		107,080
2,335,705	i	CHS/Community Health Systems	3.530	07/25/14	Ba3		2,098,958
		TOTAL HEALTH SERVICES					2,206,038
SECURITY AND COMMODITY BROKERS - 0.58%
2,977,387	i	Nuveen Investments, Inc	5.220	11/13/14	B3		2,353,059
		TOTAL SECURITY AND COMMODITY BROKERS					2,353,059
		TOTAL BANK LOAN OBLIGATIONS					6,101,868
		(Cost $5,106,722)
CORPORATE BONDS - 95.79%
AMUSEMENT AND RECREATION SERVICES - 2.09%
2,100,000	g	Buffalo Thunder Development Authority	9.380	12/15/14	Caa3		294,000
1,409,000	g	Harrahs Operating Co, Inc	10.000	12/15/18	Ca		810,175
2,175,000	g	Pokagon Gaming Authority	10.380	06/15/14	B2		2,131,500
1,500,000	g	Seminole Indian Tribe of Florida	7.800	10/01/20	Ba1		1,265,640
1,750,000		Speedway Motorsports, Inc	6.750	06/01/13	Ba2		1,680,000
2,000,000	g	Speedway Motorsports, Inc	8.750	06/01/16	Ba1		2,025,000
1,000,000		Station Casinos, Inc	6.000	04/01/12	Ca		345,000
		TOTAL AMUSEMENT AND RECREATION SERVICES					8,551,315
AUTO REPAIR, SERVICES AND PARKING - 1.29%
3,150,000		Hertz Corp	8.880	01/01/14	B1		2,898,000
2,646,000		Hertz Corp	10.500	01/01/16	B2		2,354,940
		TOTAL AUTO REPAIR, SERVICES AND PARKING					5,252,940
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 1.03%
2,755,000		Asbury Automotive Group, Inc	8.000	03/15/14	Caa1		2,286,650
750,000		Autonation, Inc	7.000	04/15/14	Ba2		721,875
1,690,000		Sonic Automotive, Inc	8.630	08/15/13	Caa3		1,183,000
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS					4,191,525
BUSINESS SERVICES - 6.81%
2,894,000		Ceridian Corp	11.250	11/15/15	Caa2		2,420,107
990,000	o	Ceridian Corp	12.250	11/15/15	NR		714,038
1,250,000	i	Interpublic Group of Cos, Inc	2.880	11/15/10	Ba3		1,225,000
2,795,000		Interpublic Group of Cos, Inc	6.250	11/15/14	Ba3		2,445,625
2,000,000		Lamar Media Corp	7.250	01/01/13	B2		1,902,500

354

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
$3,500,000	g	Lamar Media Corp	9.750%	04/01/14	Ba3	$	3,618,125
852,000		Lamar Media Corp	6.630	08/15/15	B2		719,940
625,000		Lamar Media Corp	6.630	08/15/15	B2		528,125
1,800,000		Lender Processing Services, Inc	8.130	07/01/16	Ba2		1,764,000
3,000,000	j	Nielsen Finance LLC	0.000	08/01/16	Caa1		1,927,500
1,259,000	g	Open Solutions, Inc	9.750	02/01/15	Caa2		516,190
1,000,000	g	Scientific Games International, Inc	9.250	06/15/19	Ba3		1,000,000
4,250,000		Sungard Data Systems, Inc	9.130	08/15/13	Caa1		4,016,249
1,490,000		Sungard Data Systems, Inc	10.250	08/15/15	Caa1		1,376,388
875,000	g	SunGard Data Systems, Inc	10.630	05/15/15	Caa1		857,500
852,000		United Rentals North America, Inc	7.750	11/15/13	Caa1		732,720
2,000,000		WPP Finance UK	8.000	09/15/14	Baa2		2,031,056
		TOTAL BUSINESS SERVICES					27,795,063
CHEMICALS AND ALLIED PRODUCTS - 1.77%
3,350,000	j	Koppers Holdings, Inc (Step Bond 0.000% until 11/15/09, 9.875% until 11/15/14)	0.000	11/15/14	B2		3,006,625
1,750,000	g	Nalco Co	8.250	05/15/17	Ba2		1,758,750
1,933,000	g	Reichhold Industries, Inc	9.000	08/15/14	Caa2		676,550
1,800,000	g	Valeant Pharmaceuticals International	8.380	06/15/16	Ba3		1,786,500
		TOTAL CHEMICALS AND ALLIED PRODUCTS					7,228,425
COAL MINING - 2.00%
3,050,000		Arch Western Finance LLC	6.750	07/01/13	B1		2,783,125
9,276,000	g	Griffin Coal Mining Co Pty Ltd	9.500	12/01/16	B3		4,777,140
625,000		Peabody Energy Corp	6.880	03/15/13	Ba1		618,750
		TOTAL COAL MINING					8,179,015
COMMUNICATIONS - 13.38%
4,402,000		Allbritton Communications Co	7.750	12/15/12	Caa1		3,400,545
2,850,000	g	CC Holdings GS V LLC	7.750	05/01/17	Ba1		2,778,750
1,530,000		Citizens Communications Co	7.130	03/15/19	Ba2		1,304,325
1,950,000		Citizens Communications Co	9.000	08/15/31	Ba2		1,608,750
2,000,000	g	Cricket Communications, Inc	7.750	05/15/16	Ba2		1,925,000
3,250,000	g	CSC Holdings, Inc	8.500	04/15/14	Ba3		3,221,563
2,600,000	g	CSC Holdings, Inc	8.630	02/15/19	Ba3		2,528,500
1,000,000		DirecTV Holdings LLC	8.380	03/15/13	Ba3		1,002,500
1,860,000		DirecTV Holdings LLC	7.630	05/15/16	Ba3		1,808,850
1,700,000		Echostar DBS Corp	6.380	10/01/11	Ba3		1,649,000
2,000,000		Echostar DBS Corp	6.630	10/01/14	Ba3		1,845,000
900,000		Frontier Communications Corp	8.250	05/01/14	Ba2		850,500
3,000,000		Intelsat Jackson Holdings Ltd	11.250	06/15/16	Caa2		3,060,000
2,000,000		Intelsat Subsidiary Holding Co Ltd	8.500	01/15/13	B3		1,920,000
1,000,000	g	Intelsat Subsidiary Holding Co Ltd	8.880	01/15/15	B3		965,000
2,250,000		Intelsat Subsidiary Holding Co Ltd	8.880	01/15/15	B3		2,171,250
2,750,000		MetroPCS Wireless, Inc	9.250	11/01/14	B3		2,732,813
1,000,000	g	MetroPCS Wireless, Inc	9.250	11/01/14	B3		990,000
4,830,000		Qwest Communications International, Inc	7.250	02/15/11	Ba3		4,685,099
2,720,000		Qwest Corp	8.880	03/15/12	Ba1		2,740,400
7,724,000		Sprint Capital Corp	7.630	01/30/11	Ba2		7,637,104
1,000,000		Sprint Capital Corp	8.380	03/15/12	Ba2		985,000
430,000	g	Univision Communications, Inc	12.000	07/01/14	B2		422,475
1,250,000		Videotron Ltee	6.880	01/15/14	Ba2		1,156,250
1,300,000		Windstream Corp	8.130	08/01/13	Ba3		1,257,750
		TOTAL COMMUNICATIONS					54,646,424

355

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
DEPOSITORY INSTITUTIONS - 2.20%
$1,750,000	i	Bank of America Corp	8.000%	12/30/49	B3	$	1,461,530
3,500,000	i	Bank of America Corp	8.130	12/30/49	B3		2,923,165
3,000,000	i	Citigroup Capital XXI	8.300	12/21/57	Baa3		2,339,475
2,600,000	i	JPMorgan Chase & Co	7.900	04/29/49	A2		2,275,260
		TOTAL DEPOSITORY INSTITUTIONS					8,999,430
EATING AND DRINKING PLACES - 0.75%
3,200,000	g	Wendy's	10.000	07/15/16	B2		3,060,000
		TOTAL EATING AND DRINKING PLACES					3,060,000
ELECTRIC, GAS, AND SANITARY SERVICES - 11.56%
2,000,000	g	AES Corp	8.750	05/15/13	Ba3		2,030,000
1,500,000		AES Corp	8.000	10/15/17	B1		1,395,000
4,000,000		Ameren Corp	8.880	05/15/14	Baa3		4,128,556
1,200,000		CMS Energy Corp	8.750	06/15/19	Ba1		1,214,068
3,006,000		Dynegy Holdings, Inc	8.750	02/15/12	B3		2,915,820
875,000		Dynegy Holdings, Inc	7.630	10/15/26	B3		542,500
1,275,000		Edison Mission Energy	7.500	06/15/13	B2		1,141,125
2,275,000	g	El Paso Corp	7.750	07/15/11	Ba3		2,232,655
2,595,000		El Paso Corp	12.000	12/12/13	Ba3		2,854,500
1,750,000		El Paso Corp	8.250	02/15/16	Ba3		1,701,875
2,375,000		Energy Future Holdings Corp	10.880	11/01/17	Caa1		1,733,750
1,500,000	g	Intergen NV	9.000	06/30/17	Ba3		1,421,250
2,000,000	g	Ipalco Enterprises, Inc	7.250	04/01/16	Ba1		1,910,000
1,669,600		Midwest Generation LLC	8.560	01/02/16	Ba1		1,636,208
2,315,000		Mirant North America LLC	7.380	12/31/13	B1		2,222,400
3,225,000		NiSource Finance Corp	10.750	03/15/16	Baa3		3,577,160
3,500,000		NRG Energy, Inc	7.250	02/01/14	B1		3,395,000
1,620,000		NRG Energy, Inc	7.380	02/01/16	B1		1,532,925
2,100,000		Reliant Energy, Inc	7.630	06/15/14	B2		1,921,500
5,327,000		Sabine Pass LNG LP	7.250	11/30/13	B2		4,514,633
1,526,000		Sabine Pass LNG LP	7.500	11/30/16	B2		1,232,245
1,500,000		Sierra Pacific Resources	8.630	03/15/14	Ba3		1,477,509
430,000		Tennessee Gas Pipeline Co	8.000	02/01/16	Baa3		450,425
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES					47,181,104
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 2.47%
3,352,000		Freescale Semiconductor, Inc	8.880	12/15/14	Caa2		1,692,760
3,700,000		Hynix Semiconductor, Inc	4.500	12/14/12	NR		3,257,906
1,350,000		L-3 Communications Corp	7.630	06/15/12	Ba3		1,353,375
2,000,000		L-3 Communications Corp	6.130	07/15/13	Ba3		1,885,000
1,000,000		L-3 Communications Corp	6.130	01/15/14	Ba3		930,000
1,250,000	j	WMG Holdings Corp	0.000	12/15/14	B1		981,250
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT					10,100,291
FABRICATED METAL PRODUCTS - 0.68%
300,000		Crown Americas LLC	7.630	11/15/13	B1		292,500
1,750,000		Crown Cork & Seal Co, Inc	8.000	04/15/23	B2		1,505,000
1,000,000	g	Silgan Holdings, Inc	7.250	08/15/16	Ba3		960,000
		TOTAL FABRICATED METAL PRODUCTS					2,757,500
FOOD AND KINDRED PRODUCTS - 1.11%
1,640,000		Constellation Brands, Inc	8.380	12/15/14	Ba3		1,644,100
1,720,000	g	Smithfield Foods, Inc	10.000	07/15/14	Ba3		1,698,500
1,634,000		Smithfield Foods, Inc	7.750	07/01/17	Caa1		1,188,735
		TOTAL FOOD AND KINDRED PRODUCTS					4,531,335

356

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
FOOD STORES - 1.68%
$2,450,000	g	Ingles Markets, Inc	8.880%	05/15/17	B1	$	2,413,250
4,108,000		Stater Brothers Holdings	8.130	06/15/12	B2		4,046,380
426,000		Stater Brothers Holdings	7.750	04/15/15	B2		408,960
		TOTAL FOOD STORES					6,868,590
HEALTH SERVICES - 5.98%
4,000,000	g	Apria Healthcare Group, Inc	11.250	11/01/14	Ba2		3,860,000
3,000,000		CHS/Community Health Systems	8.880	07/15/15	B3		2,939,999
961,000		DaVita, Inc	6.630	03/15/13	B1		905,743
1,850,000		DaVita, Inc	7.250	03/15/15	B2		1,739,000
2,350,000	g	Fresenius US Finance II, Inc	9.000	07/15/15	Ba1		2,449,875
3,860,000		HCA, Inc	9.130	11/15/14	B2		3,821,400
3,155,000	o	HCA, Inc	9.630	11/15/16	B2		3,123,450
150,000	g	HCA, Inc	9.880	02/15/17	B2		151,500
4,000,000	g	HCA, Inc	8.500	04/15/19	Ba3		3,920,000
900,000		HCA, Inc	7.500	11/06/33	Caa1		513,000
1,000,000	g	US Oncology, Inc	9.130	08/15/17	Ba3		992,500
		TOTAL HEALTH SERVICES					24,416,467
HOLDING AND OTHER INVESTMENT OFFICES - 1.31%
2,000,000		Highwoods Realty LP	7.500	04/15/18	Ba1		1,730,614
1,750,000		ProLogis	5.630	11/15/15	Baa2		1,387,586
2,500,000		Realty Income Corp	5.950	09/15/16	Baa1		2,223,722
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES					5,341,922
HOTELS AND OTHER LODGING PLACES - 2.41%
1,400,000	g	Ameristar Casinos, Inc	9.250	06/01/14	B2		1,428,000
2,050,000		MGM Mirage	8.500	09/15/10	Caa2		1,860,375
1,700,000		MGM Mirage	8.380	02/01/11	Ca		1,360,000
3,250,000		MGM Mirage	6.750	09/01/12	Caa2		2,307,500
2,040,000	g	MGM Mirage	10.380	05/15/14	B1		2,116,500
1,100,000	g,i	Seminole Hard Rock Entertainment, Inc	3.130	03/15/14	B1		759,000
		TOTAL HOTELS AND OTHER LODGING PLACES					9,831,375
INDUSTRIAL MACHINERY AND EQUIPMENT - 2.12%
3,597,000		Scientific Games Corp	6.250	12/15/12	Ba3		3,430,639
860,000	g	Scientific Games Corp	7.880	06/15/16	Ba3		817,000
2,775,000		Scientific Games Corp	0.750	12/01/24	NR		2,688,281
1,650,000	g	Seagate Technology International	10.000	05/01/14	Ba1		1,701,563
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT					8,637,483
INSTRUMENTS AND RELATED PRODUCTS - 0.26%
1,083,000		Biomet, Inc	11.630	10/15/17	Caa1		1,061,340
		TOTAL INSTRUMENTS AND RELATED PRODUCTS					1,061,340
INSURANCE CARRIERS - 0.48%
1,975,000		American Financial Group, Inc	9.880	06/15/19	Baa2		1,975,630
		TOTAL INSURANCE CARRIERS					1,975,630
JUSTICE, PUBLIC ORDER AND SAFETY - 0.60%
2,500,000		Corrections Corp of America	7.750	06/01/17	Ba2		2,462,500
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY					2,462,500

357

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
LEGAL SERVICES - 0.38%
$1,000,000		FTI Consulting, Inc	7.630%	06/15/13	Ba2	$	972,500
607,000		FTI Consulting, Inc	7.750	10/01/16	Ba2		579,685
		TOTAL LEGAL SERVICES					1,552,185
METAL MINING - 2.65%
1,000,000	i	Freeport-McMoRan Copper & Gold, Inc	5.000	04/01/15	Ba2		936,050
1,700,000		Freeport-McMoRan Copper & Gold, Inc	8.250	04/01/15	Ba2		1,717,000
1,705,000		Freeport-McMoRan Copper & Gold, Inc	8.380	04/01/17	Ba2		1,717,788
4,250,000	g	Teck Resources Ltd	9.750	05/15/14	Ba3		4,398,750
1,900,000	g	Teck Resources Ltd	10.750	05/15/19	Ba3		2,042,500
		TOTAL METAL MINING					10,812,088
MISCELLANEOUS MANUFACTURING INDUSTRIES - 2.06%
2,540,000	g	Crown Americas LLC	7.630	05/15/17	B1		2,451,100
3,500,000		WMG Acquisition Corp	7.380	04/15/14	B1		2,961,875
3,000,000	g	WMG Acquisition Corp	9.500	06/15/16	Ba2		2,985,000
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES					8,397,975
MISCELLANEOUS RETAIL - 1.36%
1,600,000		Rite Aid Corp	10.380	07/15/16	Caa2		1,440,000
4,114,000		Susser Holdings LLC	10.630	12/15/13	B3		4,124,285
		TOTAL MISCELLANEOUS RETAIL					5,564,285
NONDEPOSITORY INSTITUTIONS - 2.03%
475,000		Ford Motor Credit Co	5.700	01/15/10	Caa1		458,447
2,500,000		Ford Motor Credit Co	9.750	09/15/10	Caa1		2,394,740
2,466,000		Ford Motor Credit Co	9.880	08/10/11	Caa1		2,281,181
1,500,000		Ford Motor Credit Co	7.000	10/01/13	Caa1		1,206,048
1,459,000		Ford Motor Credit Co	8.000	12/15/16	Caa1		1,115,448
875,000		Ford Motor Credit Co LLC	12.000	05/15/15	Caa1		818,262
		TOTAL NONDEPOSITORY INSTITUTIONS					8,274,126
OIL AND GAS EXTRACTION - 7.14%
4,550,000	g	Atlas Energy Resources LLC	10.750	02/01/18	B3		4,288,375
1,340,000		Berry Petroleum Co	10.250	06/01/14	B2		1,353,400
1,265,000		Chesapeake Energy Corp	7.630	07/15/13	Ba3		1,201,750
1,000,000		Chesapeake Energy Corp	7.500	09/15/13	Ba3		957,500
250,000		Chesapeake Energy Corp	9.500	02/15/15	Ba3		251,875
6,125,000		Chesapeake Energy Corp	6.880	11/15/20	Ba3		4,930,624
2,276,000		Cimarex Energy Co	7.130	05/01/17	Ba3		2,002,880
1,875,000		Complete Production Services, Inc	8.000	12/15/16	B1		1,603,125
2,410,000		Denbury Resources, Inc	7.500	04/01/13	B1		2,301,550
1,250,000		Encore Acquisition Co	6.000	07/15/15	B1		1,031,250
2,000,000		Encore Acquisition Co	9.500	05/01/16	B1		1,970,000
675,000		Encore Acquisition Co	7.250	12/01/17	B1		578,813
1,720,000		Key Energy Services, Inc	8.380	12/01/14	B1		1,517,900
1,375,000		Plains Exploration & Production Co	7.000	03/15/17	B1		1,203,125
1,233,000		Range Resources Corp	7.500	05/15/16	Ba3		1,183,680
1,750,000		Range Resources Corp	7.500	10/01/17	Ba3		1,662,500
250,000		Range Resources Corp	7.250	05/01/18	Ba3		233,750
900,000	g	Southwestern Energy Co	7.500	02/01/18	Ba2		864,000
		TOTAL OIL AND GAS EXTRACTION					29,136,097

358

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
PAPER AND ALLIED PRODUCTS - 4.59%
$1,985,000		Cenveo Corp	7.880%	12/01/13	Caa1	$	1,389,500
1,100,000	g	Cenveo Corp	10.500	08/15/16	B3		825,000
1,519,000		Domtar Corp	10.750	06/01/17	Ba3		1,458,240
1,680,000	g	Georgia-Pacific LLC	7.000	01/15/15	Ba3		1,570,800
4,000,000	g	Georgia-Pacific LLC	8.250	05/01/16	Ba3		3,880,000
794,000		Graphic Packaging International, Inc	8.500	08/15/11	B3		786,060
1,260,000		Greif, Inc	6.750	02/01/17	Ba2		1,156,050
1,950,000		International Paper Co	9.380	05/15/19	Baa3		1,987,750
1,250,000	g	Rock-Tenn Co	9.250	03/15/16	Ba3		1,271,875
2,580,000	g	Solo Cup Co	10.500	11/01/13	B2		2,586,450
2,000,000	g	Verso Paper Holdings LLC	11.500	07/01/14	Ba2		1,830,000
		TOTAL PAPER AND ALLIED PRODUCTS					18,741,725
PERSONAL SERVICES - 0.56%
2,400,000		Mac-Gray Corp	7.630	08/15/15	B3		2,283,000
		TOTAL PERSONAL SERVICES					2,283,000
PETROLEUM AND COAL PRODUCTS - 2.57%
4,000,000	g	Ashland, Inc	9.130	06/01/17	Ba3		4,160,000
2,500,000		Frontier Oil Corp	8.500	09/15/16	Ba3		2,518,750
1,700,000		Tesoro Corp	6.630	11/01/15	Ba1		1,525,750
2,000,000		Tesoro Corp	6.500	06/01/17	Ba1		1,710,000
600,000		Tesoro Corp	9.750	06/01/19	Ba1		592,500
		TOTAL PETROLEUM AND COAL PRODUCTS					10,507,000
PRIMARY METAL INDUSTRIES - 1.57%
2,710,000		General Cable Corp	1.000	10/15/12	B1		2,127,350
1,000,000		Steel Dynamics, Inc	7.380	11/01/12	Ba2		947,500
640,000		Steel Dynamics, Inc	6.750	04/01/15	Ba2		569,600
450,000	g	Steel Dynamics, Inc	8.250	04/15/16	Ba2		424,125
2,600,000	g	Texas Industries, Inc	7.250	07/15/13	B2		2,353,000
		TOTAL PRIMARY METAL INDUSTRIES					6,421,575
PRINTING AND PUBLISHING - 0.15%
640,000	g	American Achievement Corp	8.250	04/01/12	B2		598,400
		TOTAL PRINTING AND PUBLISHING					598,400
SECURITY AND COMMODITY BROKERS - 0.74%
4,405,000	g	Nuveen Investments, Inc	10.500	11/15/15	Caa3		3,039,450
		TOTAL SECURITY AND COMMODITY BROKERS					3,039,450
SOCIAL SERVICES - 0.63%
2,780,000	g	Knowledge Learning Corp, Inc	7.750	02/01/15	B2		2,585,400
		TOTAL SOCIAL SERVICES					2,585,400
TRANSPORTATION BY AIR - 0.73%
3,278,000		Bristow Group, Inc	7.500	09/15/17	Ba2		2,974,785
		TOTAL TRANSPORTATION BY AIR					2,974,785
TRANSPORTATION EQUIPMENT - 2.06%
500,000	g	Allison Transmission	11.000	11/01/15	Caa2		395,000
1,250,000		American Railcar Industries, Inc	7.500	03/01/14	B3		1,090,625
2,452,000	g	Bombardier, Inc	6.750	05/01/12	Ba2		2,304,880
1,109,000	g	Bombardier, Inc	8.000	11/15/14	Ba2		1,043,846
966,000		Trinity Industries, Inc	6.500	03/15/14	Baa3		840,420
3,816,000	g	TRW Automotive, Inc	7.000	03/15/14	Caa2		2,747,520
		TOTAL TRANSPORTATION EQUIPMENT					8,422,291

359

TIAA-CREF FUNDS - High-Yield Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†	VALUE
WATER TRANSPORTATION - 0.90%
$4,021,000		Gulfmark Offshore, Inc	7.750%	07/15/14	B1	$	3,679,215
		TOTAL WATER TRANSPORTATION					3,679,215
WHOLESALE TRADE-DURABLE GOODS - 2.03%
5,750,000	g	Ace Hardware Corp	9.130	06/01/16	Ba2		5,649,375
270,000		Interline Brands, Inc	8.130	06/15/14	B3		265,950
1,000,000		Russel Metals, Inc	6.380	03/01/14	Ba2		811,250
1,900,000		Ryerson, Inc	12.000	11/01/15	Caa1		1,548,500
		TOTAL WHOLESALE TRADE-DURABLE GOODS					8,275,075
WHOLESALE TRADE-NONDURABLE GOODS - 1.66%
1,500,000		AmeriGas Partners LP	7.130	05/20/16	Ba3		1,372,500
850,000		Inergy LP	6.880	12/15/14	B1		773,500
2,750,000		Inergy LP	8.250	03/01/16	B1		2,619,375
1,700,000		Supervalu, Inc	7.500	11/15/14	Ba3		1,632,000
385,000		SUPERVALU, Inc	8.000	05/01/16	Ba3		373,450
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS					6,770,825
		TOTAL CORPORATE BONDS					391,105,171
		(Cost $402,881,369)
SHORT-TERM INVESTMENTS - 1.79%
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 1.79%
7,310,000		Federal Home Loan Bank (FHLB)		07/01/09			7,310,000
		TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES					7,310,000
		TOTAL SHORT-TERM INVESTMENTS					7,310,000
		(Cost $7,310,000)
		TOTAL INVESTMENTS - 99.08%					404,517,039
		(Cost $415,298,091)
		OTHER ASSETS AND LIABILITIES, NET - 0.92%					3,757,621
		NET ASSETS - 100.00%				$	408,274,660
		The following abbreviations are used in portfolio descriptions:
		LLC - Limited Liability Corporation
		LP - Limited Partnership
		NR - Not Rated by Moody's
	†	As provided by Moody's Investors Services.
	g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At June 30, 2009 the value of these securities amounted to $122,564,797 or 30.00% of net assets.
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.
	j	Zero coupon.
	o	Payment in Kind Bond.

360

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
TIAA-CREF FUNDS
TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
LONG-TERM MUNICIPAL BONDS - 97.51%
ALABAMA - 1.76%
$     150,000		City of Birmingham AL, GO	5.000%	12/01/16	Aa3	$	169,566
2,420,000		Courtland Industrial Development Board	5.000	11/01/13	Baa3		2,373,536
1,785,000		Southeast Alabama Gas District	5.000	06/01/18	A3		1,819,201
		TOTAL ALABAMA					4,362,303
ALASKA - 0.95%
660,000		Alaska Railroad Corp	5.250	08/01/16	A1		703,237
1,445,000		Borough of North Slope AK	5.500	06/30/18	A2		1,661,302
		TOTAL ALASKA					2,364,539
ARIZONA - 2.34%
980,000		Arizona Health Facilities Authority, ETM	5.630	12/01/15	Baa1		1,091,348
1,000,000		Arizona School Facilities Board	5.750	09/01/18	A1		1,077,310
2,000,000		City of Tucson AZ	5.000	07/01/20	Aa3		2,234,879
1,260,000		Tucson AZ, COP	5.250	07/01/14	A1		1,396,748
		TOTAL ARIZONA					5,800,285
ARKANSAS - 1.76%
1,185,000		Arkansas Development Finance Authority	5.000	11/01/14	Aa3		1,344,928
1,600,000		Arkansas Development Finance Authority	5.500	12/01/18	NR		1,867,023
250,000		Fayetteville AR	5.000	11/01/16	Aa3		278,800
765,000		North Little Rock AR	6.500	07/01/15	Baa1		865,422
		TOTAL ARKANSAS					4,356,173
CALIFORNIA - 3.09%
1,000,000	i	California Pollution Control Financing Authority, AMT	5.130	11/01/23	NR		900,610
120,000		City of San Bernardino CA, ETM	7.500	05/01/23	Aaa		152,434
20,000		Delta Counties Home Mortgage Finance Authority, AMT	6.700	06/01/24	Baa1		20,139
2,125,000		Los Angeles Unified School District, COP	5.000	10/01/17	A2		2,093,847
440,000		Metropolitan Water District of Southern California	5.750	07/01/21	Aa2		517,796
1,370,000		Palmdale Elementary School District	5.300	08/01/14	Aa3		1,482,806
635,000		Sacramento City Financing Authority	5.400	11/01/20	Baa1		639,407
830,000		State of California, GO	5.000	03/01/17	A2		839,943
475,000		State of California, GO	5.000	03/01/18	A2		474,639
550,000		Vallejo Sanitation & Flood Control District, COP	5.000	07/01/19	WR		529,865
		TOTAL CALIFORNIA					7,651,486
COLORADO - 0.04%
120,000		Vista Ridge Metropolitan District, GO	4.130	12/01/16	A3		105,650
		TOTAL COLORADO					105,650

361

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
CONNECTICUT - 0.45%
$     905,000	Connecticut Municipal Electric Energy Cooperative, ETM	7.000%	01/01/15	Aaa	$	1,103,693
	TOTAL CONNECTICUT					1,103,693
DISTRICT OF COLUMBIA - 1.14%
625,000	District of Columbia, COP	5.250	01/01/14	A2		661,788
2,000,000	District of Columbia, GO	5.000	06/01/16	A1		2,158,300
	TOTAL DISTRICT OF COLUMBIA					2,820,088
FLORIDA - 8.58%
1,500,000	Broward County School Board, COP	5.250	07/01/15	Aa3		1,599,750
1,485,000	Broward County School Board, COP	5.250	07/01/16	A1		1,573,016
450,000	Charlotte County FL	5.000	10/01/14	Aa3		483,354
502,000	City of Lakeland FL, ETM	5.750	10/01/19	WR		547,180
1,090,000	County of Brevard FL, GO	5.000	07/01/16	Baa1		1,115,135
1,000,000	County of Broward FL	5.000	01/01/21	Aa1		1,070,420
1,000,000	County of Miami-Dade FL	5.000	07/01/17	Aa3		1,065,670
1,000,000	County of Orange FL	5.000	10/01/21	NR		1,057,210
1,000,000	County of Orange FL	5.250	10/01/22	NR		1,079,300
1,600,000	First Governmental Financing Commission	5.500	07/01/15	A1		1,744,400
2,200,000	Florida Department of Transportation	5.000	07/01/18	Aa2		2,385,570
1,890,000	Florida State Board of Education	5.000	07/01/14	A3		2,009,769
725,000	Florida State Board of Education	5.000	07/01/18	A2		740,051
1,000,000	Florida State Department of Management Services	5.000	08/01/18	Aa2		1,015,270
45,000	JEA	6.800	07/01/12	Aaa		45,000
2,000,000	Lake County School Board, COP	5.250	06/01/17	Baa1		2,112,360
1,430,000	Lake County School Board, COP	5.250	06/01/18	Baa1		1,496,152
100,000	Orange County Health Facilities Authority, ETM	5.700	10/01/12	Aaa		113,556
	TOTAL FLORIDA					21,253,163
GEORGIA - 1.99%
10,000	Cherokee County Water & Sewer Authority	5.500	08/01/18	Baa1		11,216
300,000	City of Atlanta GA	5.500	11/01/13	Baa1		323,844
2,130,000	City of Atlanta GA	5.500	11/01/14	Baa1		2,293,222
215,000	City of Atlanta GA	5.500	11/01/17	Baa1		226,262
75,000	City of Atlanta GA	5.500	11/01/19	Baa1		77,378
125,000	City of Atlanta GA	5.500	11/01/22	Baa1		129,260
475,000	Metropolitan Atlanta Rapid Transit Authority	7.000	07/01/11	WR		506,440
695,000	Metropolitan Atlanta Rapid Transit Authority	6.250	07/01/18	A2		792,627
480,000	Municipal Electric Authority of Georgia	6.500	01/01/17	A1		565,834
	TOTAL GEORGIA					4,926,083

362

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
ILLINOIS - 5.61%
$     1,055,000		Chicago Board of Education	6.000%	01/01/20	A1	$	1,199,735
1,920,000		Chicago Board of Education, GO	5.000	12/01/17	A1		2,090,112
		Chicago Metropolitan Water Reclamation District-Greater
270,000		Chicago, ETM	7.000	01/01/11	Aaa		285,800
1,300,000		Chicago O'Hare International Airport	5.000	01/01/16	Aa3		1,385,085
1,000,000		Chicago Public Building Commission Building	5.000	03/01/15	A2		1,065,720
2,500,000		CHICAGO TRANSIT AUTHORITY	5.500	06/01/18	A2		2,708,325
850,000		City of Chicago IL	5.500	01/01/17	Aa1		968,303
400,000		City of Chicago IL, GO	5.000	12/01/15	Aa3		437,016
		Cook County Community Consolidated School District
470,000		No 64, GO	5.500	12/01/14	Aa3		530,940
		Cook-Kane Lake & Mchenry Counties Community
350,000		College District No 512	5.000	12/01/18	Aaa		391,447
675,000	i	Illinois Finance Authority	5.500	03/01/14	Ba1		663,829
735,000		Illinois Municipal Electric Agency	5.250	02/01/17	A1		794,469
175,000		Kendall-Grundy Etc Counties High School District No 18	5.000	10/01/14	Aa3		193,085
		Madison-Bond Etc Counties Community Unit School
100,000		District No 5, GO	5.000	02/01/19	WR		95,005
1,000,000		State of Illinois	6.250	12/15/20	A1		1,085,660
		TOTAL ILLINOIS					13,894,531
INDIANA - 6.93%
2,500,000		Avon Community School Building Corp	5.000	07/15/17	Baa1		2,666,599
1,285,000		Center Grove School Building Corp	5.000	07/15/14	WR		1,440,318
770,000		Franklin Community Multi-School Building Corp	5.000	07/15/22	WR		813,074
1,000,000		Griffith Multi-School Building Corp	5.000	07/15/15	Aa3		1,132,440
1,520,000		Hammond Multi-School Building Corp	5.000	07/15/17	WR		1,703,145
2,120,000		Indiana Bond Bank	5.250	04/01/19	Baa1		2,328,247
310,000		Indiana State Finance Authority Revenue	5.000	02/01/15	Aaa		352,473
905,000		Indiana Toll Road Commission, ETM	9.000	01/01/15	Aaa		1,113,286
245,000		Indiana Transportation Finance Authority	5.500	12/01/14	Aa2		279,398
1,240,000		Indianapolis Local Public Improvement Bond Bank	5.000	07/01/16	A1		1,336,856
800,000		Lawrence Township School Building Corp	5.000	07/10/19	Aa3		847,168
515,000		New Albany Floyd County School Building Corp	5.000	07/15/15	Aa3		583,207
1,110,000		South Bend Community School Building Corp	5.000	01/15/16	WR		1,233,710
1,225,000		South Bend Redevelopment Authority	5.750	08/15/18	A1		1,326,859
		TOTAL INDIANA					17,156,780
KENTUCKY - 0.06%
135,000		Kentucky Turnpike Authority, ETM	6.000	07/01/11	Aaa		142,660
		TOTAL KENTUCKY					142,660
LOUISIANA - 1.66%
1,950,000		City of New Orleans LA, GO	5.500	12/01/21	Baa3		1,859,676
2,020,000		Desoto Parish LA	5.000	10/01/12	Baa3		1,989,134
235,000		St Tammany Parish LA	5.000	04/01/18	WR		263,200
		TOTAL LOUISIANA					4,112,010
MASSACHUSETTS - 0.66%
1,200,000		Commonwealth of Massachusetts	5.250	09/01/22	Aa2		1,354,824
275,000		Massachusetts Housing Finance Agency	4.700	12/01/16	Aa3		281,938
		TOTAL MASSACHUSETTS					1,636,762

363

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
MICHIGAN - 6.10%
$     1,405,000		Caledonia Community Schools, GO	5.000%	05/01/15	Aa3	$	1,584,348
2,030,000		Detroit City School District	6.000	05/01/21	Aa3		2,092,240
655,000		Detroit MI	5.000	07/01/14	Aa3		683,440
1,700,000	i	Detroit MI	5.500	07/01/32	A3		1,722,406
300,000		Forest Hills Public Schools, GO	5.000	05/01/15	Aa2		329,286
1,450,000		L'Anse Creuse Public Schools, GO	5.000	05/01/15	Aa3		1,643,459
1,130,000		Michigan Municipal Bond Authority	5.000	05/01/19	Baa1		1,167,098
1,200,000		Michigan State Housing Development Authority	5.000	04/01/16	NR		1,202,016
395,000		New Haven Community Schools, GO	5.250	05/01/16	Aa3		455,210
1,325,000		State of Michigan	5.500	11/01/16	Aa3		1,466,788
225,000		State of Michigan	5.250	05/15/18	Aa3		260,325
1,295,000		State of Michigan	5.500	11/01/18	Aa3		1,427,841
1,050,000		Wayne County Airport Authority	5.000	12/01/17	A2		1,066,506
		TOTAL MICHIGAN					15,100,963
MINNESOTA - 0.46%
1,000,000		Minnesota Public Facilities Authority	5.000	03/01/16	Aaa		1,141,780
		TOTAL MINNESOTA					1,141,780
MISSISSIPPI - 2.37%
550,000		County of Lowndes MS	6.800	04/01/22	Ba1		525,608
1,120,000		Harrison County Wasterwater Management District, ETM	5.000	02/01/15	Baa1		1,253,661
2,000,000		Mississippi Development Bank Special Obligation	5.000	07/01/17	Baa1		2,095,159
1,090,000		Mississippi Development Bank Special Obligation	5.000	11/01/17	Baa1		1,090,654
800,000		State of Mississippi, GO	5.000	12/01/17	Aa3		895,328
		TOTAL MISSISSIPPI					5,860,410
MISSOURI - 2.02%
1,325,000		Missouri State Board of Public Buildings	5.000	10/01/16	Aa1		1,514,687
		Missouri State Environmental Improvement & Energy
1,200,000		Resources Authority	5.500	07/01/12	Aaa		1,345,272
		St Louis Regional Convention & Sports Complex
2,040,000		Authority	5.250	08/15/14	Baa1		2,148,977
		TOTAL MISSOURI					5,008,936
NEBRASKA - 1.10%
1,000,000		Central Plains Energy Project	5.000	12/01/15	Ba1		960,530
1,000,000		Central Plains Energy Project	5.250	12/01/18	Ba1		920,030
560,000		Nebraska Investment Finance Authority	5.950	09/01/31	NR		560,504
275,000		Nebraska Investment Finance Authority, AMT	5.900	09/01/24	NR		276,188
		TOTAL NEBRASKA					2,717,252
NEVADA - 0.20%
500,000		County of Clark NV	5.300	10/01/11	NR		504,175
		TOTAL NEVADA					504,175

364

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
NEW JERSEY - 5.15%
$     1,200,000	Garden State Preservation Trust	6.380%	11/01/15	Aa3	$	1,440,684
25,000	Garden State Preservation Trust	5.130	11/01/18	Aa3		28,355
630,000	Mercer County Improvement Authority	5.800	01/01/18	Aaa		723,221
690,000	New Jersey Economic Development Authority	5.380	06/15/14	Baa2		668,313
1,000,000	New Jersey Economic Development Authority	5.000	09/01/16	A1		1,075,140
1,115,000	New Jersey Environmental Infrastructure Trust	5.250	09/01/21	Aaa		1,284,056
95,000	New Jersey State Turnpike Authority	6.500	01/01/16	A3		111,210
630,000	New Jersey State Turnpike Authority, ETM	5.700	05/01/13	Aaa		690,845
50,000	New Jersey State Turnpike Authority, ETM	6.500	01/01/16	A3		58,777
25,000	New Jersey State Turnpike Authority, ETM	6.500	01/01/16	A3		30,768
260,000	New Jersey Transportation Trust Fund Authority	5.500	12/15/15	A1		286,601
1,500,000	New Jersey Transportation Trust Fund Authority	5.250	12/15/19	A1		1,587,735
1,000,000	New Jersey Transportation Trust Fund Authority	5.250	12/15/20	Aa3		1,052,740
1,430,000	Newark Housing Authority	5.250	01/01/24	Baa1		1,473,973
2,000,000	State of New Jersey	5.250	08/01/22	Aa3		2,243,799
	TOTAL NEW JERSEY					12,756,217
NEW MEXICO - 0.09%
205,000	New Mexico Mortgage Finance Authority, ETM	6.000	07/01/10	Aaa		216,328
	TOTAL NEW MEXICO					216,328
NEW YORK - 4.49%
35,000	Dutchess County Resource Recovery Agency, AMT	5.000	01/01/10	Baa1		35,151
310,000	East Rochester Housing Authority	4.200	08/15/17	NR		312,799
195,000	Lackawanna Housing Authority	5.000	09/01/16	NR		211,433
1,515,000	Long Island Power Authority	5.250	12/01/14	A3		1,635,140
1,000,000	Metropolitan Transportation Authority	5.250	11/15/20	A2		1,024,010
1,000,000	New York State Dormitory Authority	5.000	07/01/15	A1		1,063,710
1,000,000	New York State Dormitory Authority	5.000	01/15/16	A1		1,080,160
1,000,000	New York State Dormitory Authority	5.000	07/01/16	Baa2		976,970
1,085,000	New York State Dormitory Authority	5.000	07/01/17	NR		1,046,906
710,000	New York State Dormitory Authority	4.150	08/15/17	NR		723,859
390,000	New York State Dormitory Authority	5.000	02/01/18	Aa2		394,048
150,000	New York State Dormitory Authority	4.630	02/15/18	NR		153,036
130,000	New York State Thruway Authority	5.500	04/01/12	A1		141,181
1,000,000	New York State Urban Development Corp	5.000	03/15/18	NR		1,102,070
1,050,000	Tobacco Settlement Financing Authority	5.500	06/01/16	A1		1,079,316
135,000	Westchester county Industrial Development Agency, AMT	5.500	07/01/09	Baa3		135,000
	TOTAL NEW YORK					11,114,789
NORTH CAROLINA - 0.49%
40,000	North Carolina Municipal Power Agency No 1 Catawba	6.000	01/01/11	A2		42,514
1,090,000	Pitt County NC, ETM	5.250	12/01/21	Aaa		1,167,346
	TOTAL NORTH CAROLINA					1,209,860

365

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE	RATING†		VALUE
OHIO - 3.21%
$     1,095,000	Buckeye Tobacco Settlement Financing Authority	5.000%	06/01/15	Baa3	$	1,023,529
560,000	Cincinnati City School District, GO	5.000	12/01/16	Aa3		623,616
200,000	Dayton OH	6.050	10/01/09	NR		200,976
1,000,000	Ohio Air Quality Development Authority	5.630	06/01/18	Baa1		997,520
1,000,000	Ohio State Water Development Authority	5.500	06/01/17	Aaa		1,169,340
100,000	Ohio State Water Development Authority, ETM	6.000	12/01/16	Aaa		112,876
4,000,000	State of Ohio	4.950	09/01/20	NR		3,545,200
250,000	State of Ohio, GO	5.000	05/01/17	Aa2		279,070
	TOTAL OHIO					7,952,127
OKLAHOMA - 0.07%
155,000	Grand River Dam Authority	5.500	06/01/13	A2		169,646
	TOTAL OKLAHOMA					169,646
OREGON - 0.12%
290,000	Oregon State Housing & Community Services Department	5.650	07/01/28	Aa2		289,661
	TOTAL OREGON					289,661
PENNSYLVANIA - 6.67%
680,000	Allegheny County Hospital Development Authority	5.300	07/01/26	Baa1		724,764
1,580,000	Carbon County Hospital Authority	5.400	11/15/14	Baa1		1,607,761
1,105,000	Carbon County Industrial Development Authority, AMT	6.650	05/01/10	NR		1,104,083
200,000	City of Philadelphia PA	5.000	07/01/15	Aa3		216,748
600,000	City of Philadelphia PA	5.000	08/01/16	A3		643,872
140,000	City of Philadelphia PA, ETM	7.000	05/15/20	Aaa		168,293
295,000	City of Pittsburgh PA, GO	5.000	09/01/13	Aa3		313,358
145,000	Commonwealth of Pennsylvania, GO	5.000	01/01/16	Aa2		163,892
1,000,000	Commonwealth of Pennsylvania, GO	5.000	02/15/19	Aa2		1,124,070
2,425,000	Delaware Valley Regional Financial Authority	5.500	07/01/12	Aa2		2,626,518
285,000	Pennsylvania Economic Development Financing Authority	5.250	12/01/16	NR		220,949
	Pennsylvania Economic Development Financing
1,030,000	Authority, AMT	6.000	11/01/09	A2		1,042,175
	Pennsylvania Economic Development Financing
115,000	Authority, AMT	6.000	11/01/11	A2		117,033
	Pennsylvania Economic Development Financing
1,255,000	Authority, AMT	6.500	11/01/16	A2		1,257,083
	Pennsylvania Economic Development Financing
280,000	Authority, AMT	6.250	11/01/31	A2		241,240
	Pennsylvania Economic Development Financing
290,000	Authority, AMT	6.380	11/01/41	A2		246,198
565,000	Philadelphia Authority for Industrial Development	4.250	09/01/19	NR		458,017
2,000,000	Philadelphia School District, GO	5.000	06/01/24	Aa3		2,098,760
620,000	Pittsburgh Urban Redevelopment Authority	6.500	09/01/13	Baa1		679,842
490,000	Pittsburgh Urban Redevelopment Authority	6.500	09/01/13	NR		560,883
800,000	Pittsburgh Urban Redevelopment Authority, ETM	6.000	09/01/16	Aaa		903,760
	TOTAL PENNSYLVANIA					16,519,299

366

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
PUERTO RICO - 7.75%
$     1,200,000		Commonwealth of Puerto Rico, GO	5.250%	07/01/12	Baa3	$	1,224,540
560,000		Commonwealth of Puerto Rico, GO	5.000	07/01/13	Baa3		560,196
2,015,000		Commonwealth of Puerto Rico, GO	5.500	07/01/15	Baa3		2,036,460
1,000,000		Commonwealth of Puerto Rico, GO	5.250	07/01/16	Baa3		989,070
1,250,000		Government Development Bank for Puerto Rico	5.000	12/01/16	Baa3		1,216,463
2,300,000		Puerto Rico Highway & Transportation Authority	5.000	07/01/14	Baa3		2,289,972
1,000,000		Puerto Rico Highway & Transportation Authority	6.000	07/01/18	Aa3		1,077,670
2,000,000		Puerto Rico Highway & Transportation Authority	5.250	07/01/22	Aa3		2,049,240
995,000		Puerto Rico Public Buildings Authority	5.500	07/01/13	Baa3		1,000,642
2,670,000	i	Puerto Rico Public Buildings Authority	5.000	07/01/28	Baa3		2,643,780
5,000		Puerto Rico Public Buildings Authority, ETM	5.500	07/01/13	Baa3		5,717
3,405,000	i	Puerto Rico Public Finance Corp	5.750	08/01/27	Ba1		3,424,169
685,000	i	Puerto Rico Public Finance Corp	5.250	08/01/31	Ba1		680,760
		TOTAL PUERTO RICO					19,198,679
RHODE ISLAND - 1.08%
400,000		Providence Housing Authority	5.000	09/01/17	Aa3		423,576
315,000		Providence Housing Authority	5.000	09/01/18	Aa3		335,941
915,000		Rhode Island State & Providence Plantations, COP	5.250	10/01/14	A1		989,591
800,000		Rhode Island State & Providence Plantations, COP	5.000	10/01/16	Aa3		912,840
		TOTAL RHODE ISLAND					2,661,948
SOUTH CAROLINA - 0.70%
385,000		County of Greenville SC, COP	5.000	04/01/17	Baa1		389,543
150,000		Georgetown County SC	5.700	04/01/14	Baa3		150,047
		Scago Educational Facilities Corp for Colleton School
1,120,000		District	5.000	12/01/16	Aa3		1,194,065
		TOTAL SOUTH CAROLINA					1,733,655
SOUTH DAKOTA - 0.24%
500,000		State of South Dakota	6.700	09/01/17	Aa3		598,395
		TOTAL SOUTH DAKOTA					598,395
TENNESSEE - 2.29%
125,000		Clarksville Natural Gas Acquisition Corp	5.000	12/15/16	A2		111,480
990,000		Memphis-Shelby County Airport Authority	5.000	09/01/09	Baa2		990,832
300,000		Tennessee Energy Acquisition Corp	5.000	09/01/11	Ba1		301,134
4,500,000		Tennessee Energy Acquisition Corp	5.000	09/01/16	Ba1		4,274,640
		TOTAL TENNESSEE					5,678,086

367

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
TEXAS - 12.35%
$     2,600,000		Alliance Airport Authority, AMT	4.850%	04/01/21	Baa2	$	2,149,992
1,170,000		Bexar Metropolitan Water District	5.000	05/01/17	A3		1,226,207
1,805,000		Brazos River Authority	4.900	10/01/15	Baa1		1,783,882
170,000	i	Brazos River Authority	5.380	04/01/19	Ba1		164,790
180,000		Brazos River Authority	5.130	05/01/19	Baa2		177,599
415,000	i	Brazos River Authority	5.130	05/01/19	Baa2		404,816
1,060,000		Brazos River Authority	5.130	11/01/20	Baa2		1,029,355
90,000	i	Brazos River Authority	5.750	05/01/36	Caa2		70,055
225,000	i	Brazos River Authority, AMT	6.300	07/01/32	Caa2		108,029
400,000		Charterwood Municipal Utility District	5.950	05/01/12	Aaa		400,052
405,000		City of Corpus Christi TX	5.000	07/15/15	A2		436,598
170,000		City of Houston TX, ETM	5.800	07/01/10	Aaa		173,261
1,000,000		County of Fort Bend TX, GO	5.000	03/01/16	Aa2		1,112,750
1,555,000		County of Harris TX	5.000	08/15/16	Aa3		1,750,588
1,000,000		County of Harris TX	5.250	08/15/25	Aa1		1,115,740
500,000		Guadalupe-Blanco River Authority	5.250	04/15/19	A1		529,575
35,000		Harris County Flood Control District, GO	5.000	10/01/14	Aa1		39,341
1,900,000		Harris County Flood Control District, GO	5.250	10/01/18	Aa1		2,163,587
1,545,000		Humble Independent School District, GO	5.000	02/15/18	Aa2		1,720,775
1,205,000		Lower Colorado River Authority	5.000	05/15/17	A1		1,248,934
1,295,000		Lower Colorado River Authority, ETM	6.000	01/01/17	Baa1		1,546,088
535,000	i	Matagorda County Navigation District No	5.250	06/01/26	Baa2		498,085
10,000		Matagorda County Navigation District No	5.130	11/01/28	Baa2		8,011
120,000		North Central Texas Health Facility Development Corp	5.500	06/01/21	Aaa		137,116
1,000,000		SA Energy Acquisition Public Facility Corp	5.250	08/01/16	A2		961,880
500,000		SA Energy Acquisition Public Facility Corp	5.250	08/01/18	A2		464,965
2,000,000		SA Energy Acquisition Public Facility Corp	5.500	08/01/19	A2		1,870,540
105,000	i	Sabine River Authority	6.450	06/01/21	Caa2		50,442
195,000	i	Sabine River Authority	5.500	05/01/22	Caa2		151,794
1,145,000	i	Sabine River Authority	5.800	07/01/22	Caa2		561,531
1,845,000		Sabine River Authority	6.150	08/01/22	Caa2		904,899
25,000	i	Sabine River Authority	5.750	05/01/30	Caa2		19,460
2,760,000		State of Texas, AMT, GO	5.000	08/01/18	Aa1		2,810,259
2,500,000		Texas Municipal Gas Acquisition & Supply Corp I	5.250	12/15/17	A2		2,274,599
485,000		Texas Public Building Authority	7.130	08/01/11	Aa2		512,563
		TOTAL TEXAS					30,578,158
UTAH - 0.51%
1,100,000		Utah Transit Authority	5.250	06/15/22	Aa3		1,256,992
		TOTAL UTAH					1,256,992
VERMONT - 0.44%
1,095,000		Vermont Housing Finance Agency, AMT	5.500	11/01/21	Aa3		1,082,178
		TOTAL VERMONT					1,082,178
VIRGINIA - 0.07%
150,000		Tobacco Settlement Financing Corp	5.500	06/01/26	Aaa		166,058
		TOTAL VIRGINIA					166,058

368

TIAA-CREF FUNDS - Tax-Exempt Bond Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE	RATING†		VALUE
WASHINGTON - 2.06%
$     125,000		Cowlitz County Public Utility District No 1	5.000%	09/01/11	Baa1	$	134,896
75,000		Cowlitz County Public Utility District No 1, ETM	5.000	09/01/11	Baa1		81,524
640,000		Port of Seattle WA	5.000	03/01/15	Aa3		699,110
3,125,000		Port of Seattle WA	5.500	09/01/17	A1		3,402,813
700,000		Washington Economic Development Finance Authority	5.000	06/01/16	Aa2		791,812
		TOTAL WASHINGTON					5,110,155
WISCONSIN - 0.46%
1,000,000		State of Wisconsin	5.000	05/01/19	A1		1,060,470
65,000		State of Wisconsin	6.880	06/01/11	Aa1		69,945
		TOTAL WISCONSIN					1,130,415
		TOTAL LONG-TERM MUNICIPAL BONDS					241,442,368
		(Cost $244,543,967)
		TOTAL INVESTMENTS - 97.51%					241,442,368
		(Cost $244,543,967)
		OTHER ASSETS & LIABILITIES, NET - 2.49%					6,171,133
		NET ASSETS - 100.00%				$	247,613,501
		The following abbreviations are used in portfolio descriptions:
		AMT - Alternative Minimum Tax (subject to)
		COP - Certificate of Participation
		ETM - Escrowed to Maturity
		GO - General Obligation
		NR - Not Rated
		WR - Withdrawn Rating
	†	As provide by Moody's Investors Service (unaudited).
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.

369

TIAA-CREF FUNDS - Inflation-Linked Bond Fund
TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
PRINCIPAL		ISSUER		VALUE
GOVERNMENT BONDS - 98.76%
U.S. TREASURY SECURITIES - 98.76%
		United States Treasury Inflation Indexed Bonds (k)
$      18,695,026		3.500%, 01/15/11	$	19,507,101
27,511,286		2.380%, 04/15/11		28,328,041
9,900,761		3.380%, 01/15/12		10,522,647
22,354,919		2.000%, 04/15/12		22,990,648
35,262,439		3.000%, 07/15/12		37,356,146
24,059,403		0.630%, 04/15/13		23,773,698
33,858,523		1.880%, 07/15/13		34,726,148
35,640,055		2.000%, 01/15/14		36,453,076
12,090,120		1.250%, 04/15/14		12,139,230
32,396,709		2.000%, 07/15/14		33,156,023
31,071,343		1.630%, 01/15/15		30,925,680
28,172,340		1.880%, 07/15/15		28,480,489
25,949,475		2.000%, 01/15/16		26,338,717
25,967,647		2.500%, 07/15/16		27,257,927
22,907,996		2.380%, 01/15/17		23,903,073
21,373,144		2.630%, 07/15/17		22,775,757
20,559,201		1.630%, 01/15/18		20,360,023
20,665,711		1.380%, 07/15/18		20,032,824
22,096,920		2.130%, 01/15/19		22,821,964
41,321,640		2.380%, 01/15/25		42,470,879
26,776,678		2.000%, 01/15/26		26,216,028
22,548,193		2.380%, 01/15/27		23,344,415
21,068,046		1.750%, 01/15/28		19,882,968
28,620,293		3.630%, 04/15/28		34,827,319
11,420,880		2.500%, 01/15/29		12,134,685
31,550,255		3.880%, 04/15/29		40,029,386
8,613,003		3.380%, 04/15/32		10,809,318
		TOTAL U.S. TREASURY SECURITIES		691,564,210
		TOTAL GOVERNMENT BONDS		691,564,210
		(Cost $682,342,524)
		TOTAL INVESTMENTS - 98.76%		691,564,210
		(Cost $682,342,524)
		OTHER ASSETS AND LIABILITIES, NET - 1.24%		8,693,504
		NET ASSETS - 100.00%	$	700,257,714
	k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

370

TIAA-CREF FUNDS - Money Market Fund
TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009
			MATURITY
PRINCIPAL	ISSUER	RATE	DATE		VALUE
GOVERNMENT BONDS 0.46%
U.S. TREASURY SECURITIES - 0.46%
$      6,500,000	United States Treasury Note	2.880%	06/30/10	$	6,648,097
	TOTAL U.S. TREASURY SECURITIES				6,648,097
	TOTAL GOVERNMENT BONDS				6,648,097
	(Cost $6,648,097)
SHORT-TERM INVESTMENTS - 99.59%
BANKER'S ACCEPTANCES - 5.06%
2,000,000	Bank of America NA		07/13/09		1,999,600
622,000	Bank of America NA		07/15/09		621,915
1,000,000	Bank of America NA		07/28/09		999,475
1,037,000	Bank of America NA		08/06/09		1,036,513
1,048,000	Bank of America NA		08/07/09		1,047,494
1,995,000	Bank of America NA		08/17/09		1,993,047
3,000,000	Bank of America NA		08/18/09		2,997,599
1,403,000	Bank of America NA		08/24/09		1,400,622
1,843,000	Bank of America NA		09/02/09		1,839,452
1,385,000	Bank of America NA		09/08/09		1,382,080
2,375,000	Bank of America NA		09/09/09		2,370,382
1,740,000	Bank of America NA		09/14/09		1,736,013
2,032,000	Bank of America NA		09/15/09		2,029,984
1,500,000	Bank of America NA		10/20/09		1,496,763
4,921,000	Bank of America NA		11/06/09		4,905,252
2,000,000	Bank of America NA		11/09/09		1,993,814
4,972,000	Bank of America NA		11/16/09		4,952,940
2,756,000	Bank of America NA		12/15/09		2,744,238
2,216,000	JPMorgan Chase Bank NA		07/07/09		2,215,778
2,834,000	JPMorgan Chase Bank NA		07/13/09		2,833,433
7,300,000	JPMorgan Chase Bank NA		07/17/09		7,299,189
3,617,000	JPMorgan Chase Bank NA		07/21/09		3,615,794
1,040,000	JPMorgan Chase Bank NA		07/27/09		1,039,775
4,784,000	JPMorgan Chase Bank NA		08/10/09		4,782,140
1,816,000	JPMorgan Chase Bank NA		08/14/09		1,815,223
1,375,000	JPMorgan Chase Bank NA		09/23/09		1,373,396
1,143,000	JPMorgan Chase Bank NA		10/23/09		1,141,552
5,000,000	Wachovia Bank NA		08/24/09		4,997,750
5,000,000	Wachovia Bank NA		11/23/09		4,988,924
	TOTAL BANKER'S ACCEPTANCES				73,650,137

371

TIAA-CREF FUNDS - Money Market Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
CERTIFICATE OF DEPOSIT - 12.08%
$      5,000,000		Abbey National North America LLC	0.250%	07/14/09	$	5,000,036
8,815,000		Abbey National North America LLC	0.470	11/05/09		8,815,621
3,000,000		Banco Bilbao Vizcaya Argentaria S.A.	0.550	07/27/09		3,000,000
7,000,000		Banco Bilbao Vizcaya Argentaria S.A.	0.730	11/12/09		7,000,130
7,260,000		Banco Bilbao Vizcaya Argentaria S.A.	0.640	11/30/09		7,260,153
5,000,000		Banco Bilbao Vizcaya Argentaria S.A.	0.610	12/08/09		5,000,111
2,000,000		Banco Bilbao Vizcaya Argentaria S.A.	0.590	12/15/09		2,000,046
8,259,000		Bank of Nova Scotia	0.480	07/24/09		8,259,000
5,000,000		Bank of Nova Scotia	0.550	08/21/09		5,000,000
5,000,000		Bank of Nova Scotia	0.950	06/10/10		5,000,000
5,000,000		Barclays Bank plc	1.000	07/15/09		5,000,000
2,000,000		Barclays Bank plc	1.260	08/25/09		2,000,000
5,000,000		Barclays Bank plc	0.950	10/22/09		5,000,000
3,500,000		Barclays Bank plc	0.980	11/02/09		3,500,000
3,000,000		Barclays Bank plc	1.270	11/16/09		3,002,507
3,150,000		BNP Paribas	0.740	07/06/09		3,150,013
5,000,000		CALYON	0.590	07/02/09		5,000,003
5,000,000		CALYON	0.600	07/10/09		5,000,025
5,000,000		CALYON	0.520	07/23/09		5,000,061
5,000,000		CALYON	0.360	09/23/09		5,000,233
9,000,000		CALYON	0.490	10/01/09		9,000,459
4,660,000		Lloyds TSB Bank plc	0.730	07/09/09		4,660,021
5,000,000		Lloyds TSB Bank plc	0.560	09/30/09		5,000,252
10,000,000		Rabobank Nederland NV	0.750	07/27/09		10,000,000
6,000,000		Rabobank Nederland NV	1.000	10/09/09		6,000,000
5,000,000		Societe Generale	0.780	07/01/09		5,000,000
5,000,000		Toronto-Dominion Bank	0.750	07/16/09		5,000,000
10,000,000		Toronto-Dominion Bank	1.900	07/20/09		10,000,000
5,000,000		Toronto-Dominion Bank	0.850	07/21/09		5,000,000
5,000,000		Toronto-Dominion Bank	0.850	09/22/09		5,000,000
5,000,000		Toronto-Dominion Bank	0.750	10/02/09		5,000,000
5,000,000		Toronto-Dominion Bank	1.510	11/12/09		5,000,000
3,000,000		UBS AG.	0.830	07/02/09		3,000,000
		TOTAL CERTIFICATE OF DEPOSIT				175,648,671
COMMERCIAL PAPER - 50.51%
5,000,000		Abbey National North America LLC		07/21/09		4,999,333
12,075,000		Abbey National North America LLC		08/17/09		12,060,339
2,595,000		Abbey National North America LLC		08/18/09		2,593,962
5,000,000		Abbott Laboratories		07/01/09		5,000,000
5,000,000		Abbott Laboratories		07/30/09		4,999,275
5,000,000		Abbott Laboratories		08/18/09		4,998,467
1,090,000		Bank of America NA		08/05/09		1,089,046
3,875,000		Bank of Nova Scotia		09/24/09		3,872,255
5,000,000		Bank of Nova Scotia		11/13/09		4,989,876
2,065,000		Bank of Nova Scotia		12/23/09		2,060,081
4,995,000		BNP Paribas Finance, Inc		07/22/09		4,994,359
1,500,000		Calyon North America, Inc		07/01/09		1,500,000
2,095,000		Ciesco LLC		07/23/09		2,094,296
9,595,000		Ciesco LLC		08/05/09		9,590,425
5,000,000	p	Citigroup Funding, Inc-TLGP		07/10/09		4,999,650
5,000,000	p	Citigroup Funding, Inc-TLGP		07/21/09		4,999,306
10,000,000	p	Citigroup Funding, Inc-TLGP		07/23/09		9,998,594

372

TIAA-CREF FUNDS - Money Market Fund
			MATURITY
PRINCIPAL		ISSUER	DATE		VALUE
$      5,000,000		Coca-Cola Co	09/22/09	$	4,997,349
8,950,000		Coca-Cola Co	11/02/09		8,939,210
5,000,000		Corporate Asset Funding Co, Inc	08/07/09		4,996,660
10,000,000		Corporate Asset Funding Co, Inc	08/20/09		9,992,222
1,000,000		Edison Asset Securitization LLC	08/27/09		999,414
5,200,000		Eli Lilly & Co	08/10/09		5,196,822
7,000,000		Fairway Finance LLC	07/06/09		6,999,407
5,000,000		Fairway Finance LLC	07/07/09		4,999,750
9,200,000		Fairway Finance LLC	07/09/09		9,199,291
4,805,000		Fairway Finance LLC	07/13/09		4,804,487
5,000,000		Fairway Finance LLC	07/15/09		4,999,494
15,000,000	p	GECC-TLGP	07/08/09		14,998,192
4,770,000	p	GECC-TLGP	07/13/09		4,768,887
6,285,000	p	GECC-TLGP	07/20/09		6,282,512
6,780,000		Govco LLC	08/19/09		6,776,493
15,297,000		Govco LLC	08/21/09		15,289,415
2,060,000		Govco LLC	09/01/09		2,058,581
5,300,000		ING US Funding LLC	07/24/09		5,298,815
2,260,000		ING US Funding LLC	08/19/09		2,258,739
5,000,000		ING US Funding LLC	08/20/09		4,997,917
2,140,000		ING US Funding LLC	08/26/09		2,137,337
15,000,000		ING US Funding LLC	08/31/09		14,990,680
5,000,000		ING US Funding LLC	09/02/09		4,996,675
5,000,000		ING US Funding LLC	10/23/09		4,992,875
2,000,000		ING US Funding LLC	10/27/09		1,997,050
3,000,000		ING US Funding LLC	11/30/09		2,993,033
1,655,000		Johnson & Johnson	07/31/09		1,654,766
5,000,000		Johnson & Johnson	09/21/09		4,997,380
3,125,000		Johnson & Johnson	09/29/09		3,123,047
2,981,000		Kitty Hawk Funding Corp	07/10/09		2,980,789
5,000,000		Lloyds TSB Bank plc	07/01/09		5,000,000
3,000,000		Lloyds TSB Bank plc	08/27/09		2,998,243
5,000,000		Lloyds TSB Bank plc	09/22/09		4,991,239
9,300,000		Lloyds TSB Bank plc	09/24/09		9,288,361
5,000,000		Nestle Capital Corp	07/06/09		4,999,868
1,060,000		Nestle Capital Corp	07/09/09		1,059,939
5,000,000		Nestle Capital Corp	08/04/09		4,999,056
2,320,000		Nestle Capital Corp	09/08/09		2,319,111
5,000,000		Nestle Capital Corp	09/17/09		4,997,508
3,110,000		Nestle Capital Corp	10/06/09		3,104,888
5,000,000		Nestle Capital Corp	10/09/09		4,990,972
14,000,000		Nestle Capital Corp	01/19/10		13,952,866
4,000,000		Nestle Capital Corp	02/16/10		3,982,878
4,740,000		Old Line Funding LLC	07/08/09		4,739,696
8,444,000		Old Line Funding LLC	07/13/09		8,443,211
5,070,000		Old Line Funding LLC	07/14/09		5,069,176
5,000,000		Old Line Funding LLC	07/15/09		4,999,106
2,745,000		Old Line Funding LLC	07/24/09		2,744,562
5,000,000		Old Line Funding LLC	07/27/09		4,999,025
1,102,000		Old Line Funding LLC	08/04/09		1,101,584
2,000,000		Old Line Funding LLC	09/02/09		1,998,775
2,539,000		Old Line Funding LLC	09/10/09		2,537,247
7,360,000		Old Line Funding LLC	09/15/09		7,354,746

373

TIAA-CREF FUNDS - Money Market Fund
		MATURITY
PRINCIPAL	ISSUER	DATE		VALUE
$      2,252,000	PACCAR Financial Corp	08/13/09	$	2,251,247
5,100,000	PACCAR Financial Corp	08/17/09		5,098,135
4,100,000	PACCAR Financial Corp	08/28/09		4,098,349
3,000,000	PACCAR Financial Corp	09/17/09		2,998,050
5,000,000	Park Avenue Receivables Corp	07/02/09		4,999,956
4,000,000	Park Avenue Receivables Corp	07/10/09		3,999,700
5,445,000	Park Avenue Receivables Corp	07/14/09		5,444,492
5,000,000	Park Avenue Receivables Corp	07/16/09		4,999,479
3,000,000	Park Avenue Receivables Corp	07/23/09		2,999,487
5,000,000	Park Avenue Receivables Corp	08/06/09		4,998,650
4,189,000	Pfizer, Inc	07/29/09		4,188,316
8,000,000	Private Export Funding Corp	07/06/09		7,999,389
3,600,000	Private Export Funding Corp	07/20/09		3,598,955
14,730,000	Private Export Funding Corp	08/03/09		14,720,547
5,000,000	Private Export Funding Corp	08/20/09		4,996,042
2,000,000	Private Export Funding Corp	09/09/09		1,997,822
5,000,000	Private Export Funding Corp	12/11/09		4,989,813
4,000,000	Private Export Funding Corp	12/18/09		3,991,500
1,155,000	Private Export Funding Corp	02/05/10		1,151,136
1,000,000	Private Export Funding Corp	02/11/10		996,563
10,000,000	Procter & Gamble International Funding S.C.A	07/22/09		9,998,833
3,390,000	Procter & Gamble International Funding S.C.A	09/17/09		3,388,311
4,000,000	Rabobank USA Financial Corp	07/01/09		4,000,000
3,000,000	Rabobank USA Financial Corp	07/15/09		2,999,487
5,000,000	Rabobank USA Financial Corp	07/23/09		4,997,739
2,710,000	Rabobank USA Financial Corp	08/19/09		2,708,893
4,000,000	Rabobank USA Financial Corp	09/03/09		3,997,831
4,000,000	Rabobank USA Financial Corp	11/18/09		3,991,600
5,685,000	Rabobank USA Financial Corp	11/25/09		5,674,158
2,034,000	Ranger Funding Co LLC	07/07/09		2,033,912
5,000,000	Ranger Funding Co LLC	07/14/09		4,999,512
3,412,000	Ranger Funding Co LLC	07/17/09		3,411,621
3,000,000	Ranger Funding Co LLC	07/20/09		2,999,573
5,000,000	Ranger Funding Co LLC	07/24/09		4,999,041
3,602,000	Ranger Funding Co LLC	08/19/09		3,600,333
8,000,000	Royal Bank of Scotland plc	07/29/09		7,998,133
2,500,000	Royal Bank of Scotland plc	08/04/09		2,498,867
4,000,000	Royal Bank of Scotland plc	09/28/09		3,992,386
3,800,000	Royal Bank of Scotland plc	09/29/09		3,790,500
4,500,000	Sheffield Receivables Corp	07/08/09		4,499,370
5,000,000	Sheffield Receivables Corp	07/10/09		4,999,063
3,265,000	Sheffield Receivables Corp	07/14/09		3,264,469
7,750,000	Sheffield Receivables Corp	07/15/09		7,749,138
5,000,000	Sheffield Receivables Corp	07/20/09		4,999,314
5,000,000	Sheffield Receivables Corp	08/06/09		4,997,900
925,000	Sheffield Receivables Corp	08/13/09		924,669
2,325,000	Shell International Finance BV	09/24/09		2,323,737
7,410,000	Societe Generale North America, Inc	07/16/09		7,409,105
3,000,000	Societe Generale North America, Inc	07/31/09		2,998,425
12,000,000	Svensk Exportkredit AB	07/07/09		11,997,100
6,895,000	Svensk Exportkredit AB	07/31/09		6,892,702
1,500,000	Svensk Exportkredit AB	08/18/09		1,497,940
9,900,000	Toronto-Dominion Holdings USA, Inc	09/25/09		9,855,656

374

TIAA-CREF FUNDS - Money Market Fund
		MATURITY
PRINCIPAL	ISSUER	DATE		VALUE
$      3,000,000	Toronto-Dominion Holdings USA, Inc	03/23/10	$	2,986,088
10,000,000	Toyota Motor Credit Corp	07/09/09		9,999,443
10,000,000	Toyota Motor Credit Corp	07/17/09		9,998,800
5,000,000	Toyota Motor Credit Corp	07/21/09		4,999,278
5,000,000	Toyota Motor Credit Corp	07/27/09		4,999,025
10,000,000	Toyota Motor Credit Corp	07/29/09		9,997,589
5,000,000	Toyota Motor Credit Corp	08/18/09		4,998,067
5,000,000	Unilever Capital Corp	07/07/09		4,999,825
5,000,000	Unilever Capital Corp	08/18/09		4,998,200
4,085,000	Unilever Capital Corp	08/19/09		4,083,610
3,700,000	Unilever Capital Corp	08/24/09		3,698,835
3,370,000	Unilever Capital Corp	09/08/09		3,368,514
7,000,000	Unilever Capital Corp	09/21/09		6,996,173
8,000,000	Variable Funding Capital Co LLC	07/16/09		7,999,200
5,000,000	Variable Funding Capital Co LLC	07/27/09		4,998,375
8,500,000	Variable Funding Capital Co LLC	07/28/09		8,498,088
1,535,000	Wal-Mart Stores, Inc	09/21/09		1,532,727
3,000,000	Yorktown Capital LLC	07/17/09		2,999,667
10,000,000	Yorktown Capital LLC	08/25/09		9,993,889
6,072,000	Yorktown Capital LLC	09/08/09		6,066,181
	TOTAL COMMERCIAL PAPER			734,447,130
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 24.57%
3,760,000	Federal Farm Credit Bank (FFCB)	07/28/09		3,759,549
350,000	FFCB	10/07/09		349,190
2,200,000	FFCB	11/09/09		2,195,997
2,931,000	FFCB	12/11/09		2,920,461
200,000	Federal Home Loan Bank (FHLB)	07/01/09		200,000
5,520,000	FHLB	07/14/09		5,519,681
5,000,000	FHLB	07/28/09		4,999,400
9,745,000	FHLB	08/25/09		9,741,873
6,431,000	FHLB	08/27/09		6,428,125
5,000,000	FHLB	08/28/09		4,998,631
10,000,000	FHLB	09/04/09		9,990,250
3,000,000	FHLB	09/11/09		2,998,800
5,000,000	FHLB	09/16/09		4,995,294
9,000,000	FHLB	09/23/09		8,995,170
4,500,000	FHLB	09/29/09		4,497,638
2,360,000	FHLB	09/30/09		2,355,733
2,360,000	FHLB	10/01/09		2,356,200
221,000	FHLB	10/19/09		220,730
4,760,000	FHLB	10/21/09		4,755,113
2,525,000	FHLB	10/30/09		2,522,284
6,100,000	FHLB	11/13/09		6,092,020
2,710,000	FHLB	11/18/09		2,704,204
2,000,000	FHLB	12/01/09		1,994,900
2,840,000	FHLB	12/08/09		2,830,563
4,015,000	FHLB	12/14/09		4,000,667
5,000,000	FHLB	12/16/09		4,986,000
100,000	FHLB	01/12/10		99,567
100,000	FHLB	02/10/10		99,440
100,000	FHLB	02/11/10		99,469
870,000	FHLB	04/01/10		866,822

375

TIAA-CREF FUNDS - Money Market Fund
		MATURITY
PRINCIPAL	ISSUER	DATE		VALUE
$      4,187,000	FHLB	04/22/10	$	4,166,414
2,500,000	FHLB	06/22/10		2,498,357
1,340,000	Federal Home Loan Mortgage Corp (FHLMC)	07/06/09		1,339,911
2,366,000	FHLMC	08/03/09		2,365,176
5,000,000	FHLMC	08/11/09		4,996,811
6,000,000	FHLMC	08/24/09		5,994,870
5,800,000	FHLMC	08/31/09		5,794,398
2,000,000	FHLMC	09/01/09		1,997,864
3,250,000	FHLMC	09/14/09		3,245,904
3,850,000	FHLMC	09/21/09		3,844,738
3,275,000	FHLMC	09/23/09		3,270,415
8,530,000	FHLMC	09/28/09		8,523,317
10,030,000	FHLMC	09/30/09		10,015,166
4,320,000	FHLMC	10/05/09		4,315,196
4,865,000	FHLMC	10/19/09		4,860,094
8,350,000	FHLMC	10/23/09		8,335,574
334,000	FHLMC	11/09/09		333,404
4,585,000	FHLMC	11/17/09		4,574,378
8,800,000	FHLMC	11/20/09		8,771,885
5,000,000	FHLMC	11/23/09		4,985,097
13,655,000	FHLMC	12/07/09		13,623,069
4,355,000	FHLMC	12/21/09		4,338,885
5,000,000	FHLMC	12/23/09		4,983,472
1,570,000	FHLMC	12/24/09		1,566,392
3,100,000	FHLMC	12/29/09		3,091,739
3,095,000	FHLMC	01/26/10		3,086,914
3,000,000	FHLMC	02/08/10		2,992,415
1,790,000	FHLMC	05/05/10		1,782,343
5,000,000	Federal National Mortgage Association (FNMA)	07/22/09		4,998,542
9,950,000	FNMA	07/30/09		9,945,672
3,475,000	FNMA	08/03/09		3,473,312
14,610,000	FNMA	08/12/09		14,600,284
1,630,000	FNMA	08/24/09		1,628,704
5,000,000	FNMA	08/26/09		4,998,522
6,295,000	FNMA	09/01/09		6,289,037
1,675,000	FNMA	09/09/09		1,673,160
3,505,000	FNMA	09/23/09		3,501,483
11,070,000	FNMA	09/25/09		11,056,602
1,100,000	FNMA	09/29/09		1,098,818
5,155,000	FNMA	09/30/09		5,149,266
3,200,000	FNMA	10/01/09		3,194,848
2,328,000	FNMA	10/16/09		2,324,748
2,135,000	FNMA	10/26/09		2,129,657
4,595,000	FNMA	10/30/09		4,584,035
500,000	FNMA	11/05/09		498,677
3,108,000	FNMA	11/16/09		3,101,170
6,382,000	FNMA	12/01/09		6,364,132
2,878,000	FNMA	12/14/09		2,870,303
8,930,000	FNMA	12/21/09		8,905,968
2,000,000	FNMA	12/22/09		1,994,877
4,830,000	FNMA	12/30/09		4,815,349
9,890,000	FNMA	04/01/10		9,847,491
	TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES			357,312,626

376

TIAA-CREF FUNDS - Money Market Fund
				MATURITY
PRINCIPAL		ISSUER	RATE	DATE		VALUE
U.S. GOVERNMENT AND AGENCIES VARIABLE NOTES - 5.81%
$     18,500,000	i	Federal Home Loan Bank (FHLB)	0.650%	09/10/09	$	18,500,000
10,000,000	i	FHLB	0.120	01/08/10		10,000,000
10,000,000	i	FHLB	0.840	01/13/10		9,998,926
7,000,000	i	FHLB	0.850	02/26/10		7,000,000
10,000,000	i	FHLB	0.860	03/11/10		9,999,792
9,000,000	i	Federal Home Loan Mortgage Corp (FHLMC)	0.880	02/04/10		9,000,000
20,000,000	i	FHLMC	0.820	02/09/10		20,004,362
		TOTAL U.S. GOVERNMENT AND AGENCIES VARIABLE NOTES				84,503,080
U.S. TREASURY BILLS - 1.22%
5,000,000		United States Treasury Bill		10/08/09		4,996,356
10,800,000		United States Treasury Bill		11/19/09		10,782,696
2,000,000		United States Treasury Bill		12/17/09		1,996,667
		TOTAL U.S. TREASURY BILLS				17,775,719
VARIABLE NOTES - 0.34%
5,000,000	i	Toyota Motor Credit Corp	0.660	07/10/09		5,000,000
		TOTAL VARIABLE NOTES				5,000,000
		TOTAL SHORT-TERM INVESTMENTS				1,448,337,363
		(Cost $1,448,337,363)
		TOTAL INVESTMENTS - 100.05%				1,454,985,460
		(Cost $1,454,985,460)
		OTHER ASSETS & LIABILITIES, NET - (0.05)%				(771,305	)
		NET ASSETS - 100.00%			$	1,454,214,155
		The following abbreviations are used in portfolio descriptions:
		LLC - Limited Liability Corporation
		plc - Public Limited Company
	i	Floating rate or variable rate securities reflects the rate in effect as of June 30, 2009.
	p	Security participates in the FDIC Temporary Liquidity Guarantee Program.

377

NOTES TO SCHEDULE OF INVESTMENTS (unaudited)

TIAA-CREF FUNDS

Note 1—organization and significant accounting policies

TIAA-CREF Funds (the “Funds” or individually, the “Fund”) is a Delaware statutory trust that was organized on April 15, 1999 and is registered with the Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940 as an open-end management investment company. The Funds currently consist of thirty-six series. Ten Funds, known as the TIAA-CREF Lifecycle Funds, are presented in a separate shareholder report.

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly-owned indirect subsidiary of TIAA. TPIS is registered with the Commission as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”). Teachers Advisors Inc. (“Advisors”), a wholly-owned indirect subsidiary of TIAA, which is registered with the Commission as an investment adviser, provides investment management services for the Funds. The Funds offer up to three share classes, although any one Fund may not necessarily offer all three classes. The Funds may offer Institutional, Retirement and Retail classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.

Fund reorganizations: On June 12, 2009, the Small-Cap Growth Index Fund and the Small-Cap Value Index Fund merged into the Small-Cap Blend Index Fund. Also, the Mid-Cap Growth Index Fund, Mid-Cap Value Index Fund and the Mid-Cap Blend Index Fund merged into the Equity Index Fund. On April 17, 2009 the Growth Equity Fund was liquidated and its net assets were distributed to shareholders.

Valuation of investments: Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board of Trustees. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) establish a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A description of the valuation techniques applied to the Funds major categories of assets and liabilities measured at fair value follows:

Exchange-Traded Equity Securities, Common & Preferred stock - Equity securities listed or traded on a national market or exchange are valued based on their sale price on such market or exchange at the close of business on the date of valuation, or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign investments are valued at the closing values of such securities as of the date of valuation under the generally accepted valuation method in the country where traded, converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. If events materially affecting the value of foreign securities occur between the time when the exchange on which they are traded closes and the time when the Funds net assets are calculated, such securities may be valued at fair value in accordance with procedures adopted by the Board of Trustees. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.

Debt Securities - Debt securities will generally be valued using prices provided by a pricing service which may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, yields, or any other key inputs are unobservable, they are categorized in Level 3 of the hierarchy.

Short-Term Investments - Short-term investments (other than those in the Money Market Fund) with maturities of 60 days or less are valued at amortized cost. Short-term investments with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy. Short-term investments in the Money Market Fund are all valued at amortized cost. Money Market Fund investments are categorized as Level 2 in the fair value hierarchy.

378

Investments in Registered Investment Companies - These investments are valued at their net asset value on the valuation date. Net asset value of underlying funds is calculated as of the close of business of the New York Stock Exchange. These investments are categorized in Level 1 of the fair value hierarchy.

Futures Contracts - Stock and bond index futures and options, which are traded on commodities exchanges, are valued at the last sales price as of the close of such commodities exchanges and are categorized in Level 1 of the fair value hierarchy.

The portfolio securities for which market quotations are not readily available are valued at fair value, as determined in good faith using procedures approved by the Board of Trustees.

The following is a summary of the inputs used to value the TIAA-CREF Funds’ investments as of June 30, 2009:

		Level 1			Level 2		Level 3		Total
Growth & Income
Domestic Common Stock	$	1,052,838,578		$	-	$	-	$	1,052,838,578
Foreign Common Stock		-			20,791,075		-		20,791,075
Short-term Investments		-			6,885,000		-		6,885,000
Total	$	1,052,838,578		$	27,676,075	$	-	$	1,080,514,653
International Equity
Domestic Common Stock	$	101,344,620		$	-	$	-	$	101,344,620
Foreign Common Stock		-			1,574,889,051		-		1,574,889,051
Rights and Warrants		6,719,825							6,719,825
Total	$	108,064,445		$	1,574,889,051	$	-	$	1,682,953,496
Large-Cap Growth
Domestic Common Stock	$	586,439,805		$	-	$	-	$	586,439,805
Short-term Investments		-			4,805,000		-		4,805,000
Total	$	586,439,805		$	4,805,000	$	-	$	591,244,805
Large-Cap Value
Domestic Common Stock	$	787,769,521		$	-	$	-	$	787,769,521
Foreign Common Stock		-			26,779,948		-		26,779,948
Short-term Investments		-			5,155,000		-		5,155,000
Total	$	787,769,521		$	31,934,948	$	-	$	819,704,469
Mid-Cap Growth
Domestic Common Stock	$	518,900,586		$	-	$	-	$	518,900,586
Foreign Common Stock		-			11,614,392		-		11,614,392
Short-term Investments		-			9,530,000		-		9,530,000
Total	$	518,900,586		$	21,144,392	$	-	$	540,044,978
Mid-Cap Value
Domestic Common Stock	$	982,664,385		$	-	$	-	$	982,664,385
Foreign Common Stock		-			42,105,193		-		42,105,193
Rights and Warrants		107,125			-		-		107,125
Short-term Investments		-			22,620,000		-		22,620,000
Total	$	982,771,510		$	64,725,193	$	-	$	1,047,496,703
Small-Cap Equity
Domestic Common Stock	$	512,525,265		$	-	$	-	$	512,525,265
Total	$	512,525,265		$	-	$	-	$	512,525,265
Large-Cap Growth Index
Domestic Common Stock	$	385,926,323		$	-	$	-	$	385,926,323
Rights and Warrants		1			-		-		1
Futures Contracts*		(259	)		-		-		(259	)
Total	$	385,926,065		$	-	$	-	$	385,926,065
Large-Cap Value Index
Domestic Common Stock	$	403,882,222		$	-	$	-	$	403,882,222
Futures Contracts*		1,760			-		-		1,760
Total	$	403,883,982		$	-	$	-	$	403,883,982

379

		Level 1		Level 2		Level 3		Total
Equity Index
Domestic Common Stock	$	1,286,824,228	$	-	$	-	$	1,286,824,228
Rights and Warrants		4		-		-		4
Total	$	1,286,824,232	$	-	$	-	$	1,286,824,232
S&P 500 Index
Domestic Common Stock	$	981,995,019	$	-	$	-	$	981,995,019
Futures Contracts*		38,535		-		-		38,535
Total	$	982,033,554	$	-	$	-	$	982,033,554
Small-Cap Blend Index
Domestic Common Stock	$	506,343,823	$	-	$	-	$	506,343,823
Foreign Common Stock		-		1		-		1
Total	$	506,343,823	$	1	$	-	$	506,343,824
International Equity Index
Domestic Common Stock	$	27,039,994	$	-	$	-	$	27,039,994
Foreign Common Stock		-		885,781,708		-		885,781,708
Rights and Warrants		-		941,597		-		941,597
Futures Contracts*		10,414		-		-		10,414
Total	$	27,050,408	$	886,723,305	$	-	$	913,773,713
Enhanced International Equity Index
Domestic Common Stock	$	10,182,274	$	-	$	-	$	10,182,274
Foreign Common Stock		-		269,150,682		-		269,150,682
Rights and Warrants		-		305,135		-		305,135
Total	$	10,182,274	$	269,455,817	$	-	$	279,638,091
Enhanced Large-Cap Growth Equity Index
Domestic Common Stock	$	403,351,393	$	-	$	-	$	403,351,393
Total	$	403,351,393	$	-	$	-	$	403,351,393
Enhanced Large-Cap Value Equity Index
Domestic Common Stock	$	372,925,251	$	-	$	-	$	372,925,251
Short-term Investments		-		11,790,000		-		11,790,000
Total	$	372,925,251	$	11,790,000	$	-	$	384,715,251
Social Choice Equity
Domestic Common Stock	$	582,860,580	$	-	$	-	$	582,860,580
Total	$	582,860,580	$	-	$	-	$	582,860,580
Real Estate Securities
Domestic Common Stock	$	315,319,061	$	-	$	-	$	315,319,061
Total	$	315,319,061	$	-	$	-	$	315,319,061
Managed Allocation
Mutual Funds	$	441,866,842	$	-	$	-	$	441,866,842
Total	$	441,866,842	$	-	$	-	$	441,866,842
Bond
Corporate Bonds	$	-	$	546,557,352	$	-	$	546,557,352
Government Bonds		-		1,285,167,661		-		1,285,167,661
Structured Assets		-		143,590,859		-		143,590,859
Domestic Preferred Stock		598,279		-		-		598,279
Short-term Investments		-		181,552,687		-		181,552,687
Total	$	598,279	$	2,156,868,559	$	-	$	2,157,466,838
Bond Plus
Corporate Bonds	$	-	$	184,616,824	$	-	$	184,616,824
Government Bonds		-		241,329,719		-		241,329,719
Structured Assets		-		45,388,915		-		45,388,915
Domestic Preferred Stock		195,128		-		-		195,128
Mutual Funds		3,953,906		-		-		3,953,906
Short-term Investments		-		21,409,334		-		21,409,334
Total	$	4,149,034	$	492,744,792	$	-	$	496,893,826

380

		Level 1		Level 2		Level 3		Total
Short-Term Bond
Corporate Bonds	$	-	$	86,742,834	$	-	$	86,742,834
Government Bonds		-		135,224,500		-		135,224,500
Structured Assets		-		14,053,120		-		14,053,120
Domestic Preferred Stock		94,027		-		-		94,027
Total	$	94,027	$	236,020,454	$	-	$	236,114,481
High-Yield Bond
Corporate Bonds	$	-	$	391,105,171	$	-	$	391,105,171
Bank Loan Obligation		-		6,101,868		-		6,101,868
Short-term Investments		-		7,310,000		-		7,310,000
Total	$	-	$	404,517,039	$	-	$	404,517,039
Tax-Exempt Bond
Municipal Bonds	$	-	$	241,442,368	$	-	$	241,442,368
Total	$	-	$	241,442,368	$	-	$	241,442,368
Inflation-Linked Bond
Government Bonds	$	-	$	691,564,210	$	-	$	691,564,210
Total	$	-	$	691,564,210	$	-	$	691,564,210
Money Market
Government Bonds	$	-	$	6,648,097	$	-	$	6,648,097
Short-term Investments		-		1,448,337,363		-		1,448,337,363
Total	$	-	$	1,454,985,460	$	-	$	1,454,985,460

* Futures contracts are derivatives instruments not reflected in the Schedule of Investments. They are valued at the unrealized appreciation/depreciation on the instrument.

Accounting for investments and investment income: Securities transactions are accounted for as of the trade date.

Dollar roll transactions: The Funds may enter into mortgage dollar rolls in which the Fund sells mortgage securities for delivery in the current month, realizing a gain(loss), and simultaneously contracts to repurchase somewhat similar (same type, coupon, and maturity) securities on a specified future date. During the roll period, the Fund forgoes principal and interest paid on the securities. The Fund is compensated by the interest earned on the cash proceeds of the initial sale and by the lower repurchase price at the future date. The difference between the sales proceeds and the lower repurchase price is recorded as a realized gain. The Fund maintains a segregated account, the dollar value of which is at least equal to its obligations with respect to dollar rolls.

Cash: The Funds hold cash with the custodian. The Funds are charged a fee for overdrafts.

Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate, using the mean of the bid and asked prices of such currencies against U.S. dollars as quoted by a major bank. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.

Forward foreign currency contracts: The Funds are subject to foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Funds may use forward foreign currency contracts to facilitate transactions in securities denominated in foreign currencies. Such contracts are entered into directly with counterparty and are “marked-to-market” at the end of each day’s trading. The Funds are also exposed to credit risk associated with counterparty nonperformance on these forward foreign currency contracts which is typically limited to the unrealized gain on each open contract.

There were no open forward foreign currency contracts for the period ended June 30, 2009.

Securities lending: The Funds may lend their securities to qualified institutional borrowers to earn additional income. Securities loans are required to be collateralized by an amount that is at least equal to the market value of the outstanding securities on loan. The Funds invest cash collateral received in the State Street Navigator Securities Lending Prime Portfolio and record a liability for the return of the collateral during the period the securities are on loan. Securities lending income represents the income earned on investing cash collateral, less expenses associated with the loan. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.

381

Futures contracts: The Funds are subject to equity price risk and interest rate risk in the normal course of pursuing its investment objectives. The Funds may use futures contracts to manage exposure to the equity and credit markets or for cash management purposes to remain highly invested in these markets while minimizing transaction costs. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract and variation margin payments are made or received reflecting changes in the value of the futures contracts. Futures contracts are valued at the last sales price as of the close of the board of trade or exchange on which they are traded. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts, or if the counterparties do not perform in accordance with contractual provisions. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.

Securities purchased on a when-issued or delayed delivery basis: The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after trade date; interest income is not accrued until settlement date. At the time a Fund enters into such transactions, it is required to have segregated assets with a current value at least equal to the amount of its when-issued or delayed-delivery purchase commitments.

Treasury Inflation-Protected Securities: The Funds may invest in Treasury Inflation-Protected Securities (“TIPS”), specially structured bonds in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Price Index. The adjustments for interest income due to inflation are reflected in interest income in the Statements of Operations.

Restricted securities: Restricted securities held by the Funds, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.

Income taxes: The Funds intend to continue to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that they distribute all taxable income each year and comply with various other Code requirements. Therefore, no federal income tax provision is required.

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to a Fund’s capital account for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.

Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.

Transactions with affiliates: The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board of Trustees, pursuant to the Investment Company Act of 1940. These transactions are effected at market rates without incurring broker commissions.

Indemnification: In the normal course of business, each Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. A Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund that have not yet occurred. Also, under the Funds’ organizational documents, the trustees and officers of the Funds are indemnified against certain liabilities that may arise out of their duties to the Funds. However, based on experience, the Funds expect the risk of loss due to these warranties and indemnities to be remote.

Guarantee Program: On October 7, 2008, the Board of Trustees of the TIAA-CREF Funds approved the participation of the TIAA-CREF Money Market Fund (the “Fund”) in the U.S. Treasury Department’s Temporary Guarantee Program for Money Market Funds (the “Program”). To the extent Program funds are available, the Program will guarantee Fund shareholders that they will receive $1.00 per Fund share they owned as of the close of business on September 19, 2008 if the Fund “breaks the buck” (meaning its NAV falls below $0.995 and is not immediately restored), liquidates its holdings and such liquidation proceeds are less than $1.00 per share.

The program would only protect the lesser of (i) Fund shares held by a shareholder of record on September 19, 2008, or (ii) the number of Fund shares held by the shareholder of record when the Fund breaks the buck. Shares acquired by investors after September 19, 2008, are not eligible for protection under the program. The Funds will continue to participate in the Program until its expiration on September 18, 2009.

382

Note 2 – Investments

At June 30, 2009, net unrealized appreciation (depreciation) based on aggregate cost of portfolio investments for each of the Funds, consisting of gross unrealized appreciation and gross unrealized depreciation, were as follows:

						Gross			Net Unrealized
				Gross Unrealized		Unrealized			Appreciation /
Fund		Cost		Appreciation		Depreciation			(Depreciation)
Growth & Income	$	1,125,499,429	$	57,813,566	$	(102,798,342	)	$	(44,984,776	)
International Equity		1,961,983,832		110,304,089		(389,334,425	)		(279,030,336	)
Large-Cap Growth		586,269,557		37,308,175		(32,332,927	)		4,975,248
Large-Cap Value		991,289,923		33,079,494		(204,664,948	)		(171,585,454	)
Mid-Cap Growth		612,578,692		27,925,340		(100,459,053	)		(72,533,713	)
Mid-Cap Value		1,182,510,021		55,647,351		(190,660,669	)		(135,013,318	)
Small-Cap Equity		566,807,719		38,231,169		(92,513,623	)		(54,282,454	)
Large-Cap Growth Index		430,966,493		13,208,638		(58,248,807	)		(45,040,169	)
Large-Cap Value Index		575,411,548		1,218,141		(172,747,467	)		(171,529,326	)
Equity Index		1,435,996,514		112,449,798		(261,622,080	)		(149,172,282	)
S&P 500 Index		1,266,479,292		42,636,760		(327,121,032	)		(284,484,272	)
Small-Cap Blend Index		653,297,430		23,250,504		(170,204,109	)		(146,953,605	)
International Equity Index		1,152,940,042		19,000,035		(258,176,778	)		(239,176,743	)
Enhanced International Equity Index		290,659,307		18,337,686		(29,358,902	)		(11,021,216	)
Enhanced Large-Cap Growth Index		403,415,108		18,047,735		(18,111,449	)		(63,714	)
Enhanced Large-Cap Value Index		414,276,675		13,539,752		(43,101,176	)		(29,561,424	)
Social Choice Equity		720,515,650		13,404,589		(151,059,659	)		(137,655,070	)
Real Estate Securities		517,379,144		5,135,106		(207,195,189	)		(202,060,083	)
Managed Allocation		509,545,831		803,464		(68,482,454	)		(67,678,990	)
Bond		2,156,098,509		55,244,850		(53,876,521	)		1,368,329
Bond Plus		512,112,694		14,496,442		(29,715,310	)		(15,218,868	)
Short-Term Bond		241,798,999		6,200,672		(11,885,190	)		(5,684,518	)
High-Yield		415,298,091		16,862,391		(27,643,443	)		(10,781,052	)
Tax-Exempt Bond		244,543,967		4,484,906		(7,586,506	)		(3,101,600	)
Inflation-Linked Bond		682,342,524		10,765,571		(1,543,885	)		9,221,686
At June 30, 2009, these Funds held the following open futures contracts:

		Number of		Market	Expiration		Unrealized
		Contracts		Value	Date		Gain/
Fund	Future						(Loss)
	E-mini S&P
Large-Cap Growth Index	500 Index	4	$	183,100	September 2009	$	(259	)
	E-mini S&P
Large-Cap Value Index	500 Index	18		823,950	September 2009		1,760
	E-mini S&P
S&P 500 Index	500 Index	51		2,334,525	September 2009		38,535
International Equity	E-mini S&P
Index	500 Index	33		1,510,575	September 2009		10,414

383

TIAA-CREF LIFECYCLE FUNDS
2010 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
12,286,615	TIAA-CREF Bond Fund	$	121,514,623
3,849,083	TIAA-CREF Enhanced International Equity Index Fund		21,862,790
4,636,570	TIAA-CREF Enhanced Large-Cap Growth Index Fund		31,621,411
4,833,166	TIAA-CREF Enhanced Large-Cap Value Index Fund		29,143,993
2,543,159	TIAA-CREF Growth & Income Fund		17,191,758
1,268,399	TIAA-CREF High-Yield Fund		10,603,819
1,256,401	TIAA-CREF Inflation-Linked Bond Fund		12,865,544
3,223,218	TIAA-CREF International Equity Fund		21,853,420
2,827,115	TIAA-CREF Large-Cap Growth Fund		21,118,547
2,104,550	TIAA-CREF Large-Cap Value Fund		19,530,226
135,857	TIAA-CREF Mid-Cap Growth Fund		1,607,187
126,751	TIAA-CREF Mid-Cap Value Fund		1,462,707
2,623,169	TIAA-CREF Money Market Fund		2,623,169
1,705,825	TIAA-CREF Short-Term Bond Fund		16,870,609
1,096,570	TIAA-CREF Small-Cap Equity Fund		10,132,310
	TOTAL TIAA-CREF FUNDS		340,002,113
	(Cost $368,817,530)
	TOTAL INVESTMENTS - 100.02%		340,002,113
	(Cost $368,817,530)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(74,054	)
	NET ASSETS - 100.00%	$	339,928,059

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

1

TIAA-CREF LIFECYCLE FUNDS
2015 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
11,706,643	TIAA-CREF Bond Fund	$	115,778,697
5,008,520	TIAA-CREF Enhanced International Equity Index Fund		28,448,391
5,960,852	TIAA-CREF Enhanced Large-Cap Growth Index Fund		40,653,008
6,235,081	TIAA-CREF Enhanced Large-Cap Value Index Fund		37,597,538
3,271,434	TIAA-CREF Growth & Income Fund		22,114,895
1,632,307	TIAA-CREF High-Yield Fund		13,646,090
1,040,599	TIAA-CREF Inflation-Linked Bond Fund		10,655,738
4,169,627	TIAA-CREF International Equity Fund		28,270,074
3,622,076	TIAA-CREF Large-Cap Growth Fund		27,056,907
2,713,548	TIAA-CREF Large-Cap Value Fund		25,181,721
173,807	TIAA-CREF Mid-Cap Growth Fund		2,056,137
164,027	TIAA-CREF Mid-Cap Value Fund		1,892,873
1,377,627	TIAA-CREF Short-Term Bond Fund		13,624,730
1,410,303	TIAA-CREF Small-Cap Equity Fund		13,031,198
	TOTAL TIAA-CREF FUNDS		380,007,997
	(Cost $420,030,116)
	TOTAL INVESTMENTS - 100.02%		380,007,997
	(Cost $420,030,116)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(82,598	)
	NET ASSETS - 100.00%	$	379,925,399

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

2

TIAA-CREF LIFECYCLE FUNDS
2020 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
10,019,156	TIAA-CREF Bond Fund	$	99,089,448
5,857,837	TIAA-CREF Enhanced International Equity Index Fund		33,272,515
6,927,575	TIAA-CREF Enhanced Large-Cap Growth Index Fund		47,246,059
7,228,396	TIAA-CREF Enhanced Large-Cap Value Index Fund		43,587,229
3,799,762	TIAA-CREF Growth & Income Fund		25,686,390
1,792,241	TIAA-CREF High-Yield Fund		14,983,134
602,799	TIAA-CREF Inflation-Linked Bond Fund		6,172,662
4,871,830	TIAA-CREF International Equity Fund		33,031,005
4,212,201	TIAA-CREF Large-Cap Growth Fund		31,465,138
3,143,613	TIAA-CREF Large-Cap Value Fund		29,172,730
201,422	TIAA-CREF Mid-Cap Growth Fund		2,382,824
189,183	TIAA-CREF Mid-Cap Value Fund		2,183,174
621,480	TIAA-CREF Short-Term Bond Fund		6,146,434
1,637,682	TIAA-CREF Small-Cap Equity Fund		15,132,182
	TOTAL TIAA-CREF FUNDS		389,550,924
	(Cost $434,987,870)
	TOTAL INVESTMENTS - 100.02%		389,550,924
	(Cost $434,987,870)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(78,322	)
	NET ASSETS - 100.00%	$	389,472,602

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

3

TIAA-CREF LIFECYCLE FUNDS
2025 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
7,392,206	TIAA-CREF Bond Fund	$	73,108,917
5,992,795	TIAA-CREF Enhanced International Equity Index Fund		34,039,077
7,131,874	TIAA-CREF Enhanced Large-Cap Growth Index Fund		48,639,382
7,456,003	TIAA-CREF Enhanced Large-Cap Value Index Fund		44,959,698
3,912,662	TIAA-CREF Growth & Income Fund		26,449,593
1,738,933	TIAA-CREF High-Yield Fund		14,537,478
4,978,961	TIAA-CREF International Equity Fund		33,757,353
4,334,900	TIAA-CREF Large-Cap Growth Fund		32,381,705
3,242,447	TIAA-CREF Large-Cap Value Fund		30,089,905
207,509	TIAA-CREF Mid-Cap Growth Fund		2,454,829
195,934	TIAA-CREF Mid-Cap Value Fund		2,261,076
1,686,498	TIAA-CREF Small-Cap Equity Fund		15,583,245
	TOTAL TIAA-CREF FUNDS		358,262,258
	(Cost $405,896,262)
	TOTAL INVESTMENTS - 100.02%		358,262,258
	(Cost $405,896,262)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(70,700	)
	NET ASSETS - 100.00%	$	358,191,558

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

4

TIAA-CREF LIFECYCLE FUNDS 2030 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
4,234,282	TIAA-CREF Bond Fund	$	41,877,053
6,253,468	TIAA-CREF Enhanced International Equity Index Fund		35,519,699
7,461,092	TIAA-CREF Enhanced Large-Cap Growth Index Fund		50,884,651
7,805,403	TIAA-CREF Enhanced Large-Cap Value Index Fund		47,066,581
4,093,974	TIAA-CREF Growth & Income Fund		27,675,267
1,645,537	TIAA-CREF High-Yield Fund		13,756,687
5,203,531	TIAA-CREF International Equity Fund		35,279,942
4,545,809	TIAA-CREF Large-Cap Growth Fund		33,957,194
3,393,803	TIAA-CREF Large-Cap Value Fund		31,494,491
217,386	TIAA-CREF Mid-Cap Growth Fund		2,571,671
205,190	TIAA-CREF Mid-Cap Value Fund		2,367,895
1,765,206	TIAA-CREF Small-Cap Equity Fund		16,310,500
	TOTAL TIAA-CREF FUNDS		338,761,631
	(Cost $386,830,977)
	TOTAL INVESTMENTS - 100.02%		338,761,631
	(Cost $386,830,977)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(70,382	)
	NET ASSETS - 100.00%	$	338,691,249

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

5

TIAA-CREF LIFECYCLE FUNDS 2035 FUND
SCHEDULE OF INVESTMENTS (unaudited)June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.02%(a)
1,988,258	TIAA-CREF Bond Fund	$	19,663,870
6,405,689	TIAA-CREF Enhanced International Equity Index Fund		36,384,311
7,700,991	TIAA-CREF Enhanced Large-Cap Growth Index Fund		52,520,758
8,090,785	TIAA-CREF Enhanced Large-Cap Value Index Fund		48,787,436
4,227,497	TIAA-CREF Growth & Income Fund		28,577,881
1,580,012	TIAA-CREF High-Yield Fund		13,208,899
5,357,876	TIAA-CREF International Equity Fund		36,326,399
4,692,219	TIAA-CREF Large-Cap Growth Fund		35,050,879
3,514,996	TIAA-CREF Large-Cap Value Fund		32,619,159
224,968	TIAA-CREF Mid-Cap Growth Fund		2,661,368
214,058	TIAA-CREF Mid-Cap Value Fund		2,470,226
1,822,232	TIAA-CREF Small-Cap Equity Fund		16,837,421
	TOTAL TIAA-CREF FUNDS		325,108,607
	(Cost $367,176,316)
	TOTAL INVESTMENTS - 100.02%		325,108,607
	(Cost $367,176,316)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(72,918	)
	NET ASSETS - 100.00%	$	325,035,689

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

6

TIAA-CREF LIFECYCLE FUNDS
2040 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY		VALUE
TIAA-CREF FUNDS - 100.02%(a)
3,019,078	TIAA-CREF Bond Fund	$	29,858,682
9,720,195	TIAA-CREF Enhanced International Equity Index Fund		55,210,708
11,696,797	TIAA-CREF Enhanced Large-Cap Growth Index Fund		79,772,153
12,290,243	TIAA-CREF Enhanced Large-Cap Value Index Fund		74,110,167
6,420,947	TIAA-CREF Growth & Income Fund		43,405,602
2,399,186	TIAA-CREF High-Yield Fund		20,057,199
8,127,452	TIAA-CREF International Equity Fund		55,104,123
7,123,546	TIAA-CREF Large-Cap Growth Fund		53,212,885
5,340,847	TIAA-CREF Large-Cap Value Fund		49,563,064
341,944	TIAA-CREF Mid-Cap Growth Fund		4,045,197
325,244	TIAA-CREF Mid-Cap Value Fund		3,753,319
2,767,479	TIAA-CREF Small-Cap Equity Fund		25,571,503
	TOTAL TIAA-CREF FUNDS		493,664,602
	(Cost $553,966,974)
	TOTAL INVESTMENTS - 100.02%		493,664,602
	(Cost $553,966,974)
	OTHER ASSETS & LIABILITIES, NET - (0.02)%		(107,259	)
	NET ASSETS - 100.00%	$	493,557,343

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

7

TIAA-CREF LIFECYCLE FUNDS
2045 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.17%(a)
114,507	TIAA-CREF Bond Fund	$	1,132,470
369,692	TIAA-CREF Enhanced International Equity Index Fund		2,099,849
439,436	TIAA-CREF Enhanced Large-Cap Growth Index Fund		2,996,952
470,569	TIAA-CREF Enhanced Large-Cap Value Index Fund		2,837,529
243,522	TIAA-CREF Growth & Income Fund		1,646,206
90,980	TIAA-CREF High-Yield Fund		760,594
308,936	TIAA-CREF International Equity Fund		2,094,586
267,664	TIAA-CREF Large-Cap Growth Fund		1,999,448
204,258	TIAA-CREF Large-Cap Value Fund		1,895,513
12,905	TIAA-CREF Mid-Cap Growth Fund		152,665
12,631	TIAA-CREF Mid-Cap Value Fund		145,759
104,330	TIAA-CREF Small-Cap Equity Fund		964,006
	TOTAL TIAA-CREF FUNDS		18,725,577
	(Cost $18,286,842)
	TOTAL INVESTMENTS - 100.17%		18,725,577
	(Cost $18,286,842)
	OTHER ASSETS & LIABILITIES, NET - (0.17)%		(31,304	)
	NET ASSETS - 100.00%	$	18,694,273

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

8

TIAA-CREF LIFECYCLE FUNDS
2050 FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.24%(a)
55,603	TIAA-CREF Bond Fund	$	549,914
178,960	TIAA-CREF Enhanced International Equity Index Fund		1,016,491
214,479	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,462,743
227,704	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,373,058
118,180	TIAA-CREF Growth & Income Fund		798,896
44,182	TIAA-CREF High-Yield Fund		369,362
149,666	TIAA-CREF International Equity Fund		1,014,738
130,638	TIAA-CREF Large-Cap Growth Fund		975,863
98,804	TIAA-CREF Large-Cap Value Fund		916,903
6,276	TIAA-CREF Mid-Cap Growth Fund		74,249
6,082	TIAA-CREF Mid-Cap Value Fund		70,187
50,867	TIAA-CREF Small-Cap Equity Fund		470,010
	TOTAL TIAA-CREF FUNDS		9,092,414
	(Cost $8,983,986)
	TOTAL INVESTMENTS - 100.24%		9,092,414
	(Cost $8,983,986)
	OTHER ASSETS & LIABILITIES, NET - (0.24)%		(22,050	)
	NET ASSETS - 100.00%	$	9,070,364

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

9

TIAA-CREF LIFECYCLE FUNDS
RETIREMENT INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2009

SHARES	COMPANY	VALUE
TIAA-CREF FUNDS - 100.16%(a)
912,824	TIAA-CREF Bond Fund	$	9,027,825
184,099	TIAA-CREF Enhanced International Equity Index Fund		1,045,685
220,405	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,503,160
230,410	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,389,372
121,244	TIAA-CREF Growth & Income Fund		819,608
25,474	TIAA-CREF High-Yield Fund		212,965
123,697	TIAA-CREF Inflation-Linked Bond Fund		1,266,655
154,462	TIAA-CREF International Equity Fund		1,047,253
134,622	TIAA-CREF Large-Cap Growth Fund		1,005,624
100,256	TIAA-CREF Large-Cap Value Fund		930,376
6,416	TIAA-CREF Mid-Cap Growth Fund		75,906
6,028	TIAA-CREF Mid-Cap Value Fund		69,566
418,755	TIAA-CREF Money Market Fund		418,755
169,873	TIAA-CREF Short-Term Bond Fund		1,680,048
52,217	TIAA-CREF Small-Cap Equity Fund		482,481
	TOTAL TIAA-CREF FUNDS		20,975,279
	(Cost $20,604,478)
	TOTAL INVESTMENTS - 100.16%		20,975,279
	(Cost $20,604,478)
	OTHER ASSETS & LIABILITIES, NET - (0.16)%		(34,446	)
	NET ASSETS - 100.00%	$	20,940,833

(a) The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

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NOTES TO SCHEDULE OF INVESTMENTS (unaudited)

TIAA-CREF LIFECYCLE FUNDS

Note 1—significant accounting policies

The Lifecycle Funds (the “Funds,” each individually referred to as a “Fund”), comprise ten of the thirty-six funds offered by the TIAA-CREF Funds, formerly the TIAA-CREF Institutional Funds, a Delaware statutory trust, that was organized on April 15, 1999 and is registered with the Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940 as an open-end management investment company. Each Fund is a “fund of funds” that diversifies its assets by investing in Institutional Class shares of certain other series of TIAA-CREF Funds (the “Underlying Funds”). The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly-owned indirect subsidiary of TIAA. The following is a summary of the significant accounting policies followed by the Funds.

Valuation of investments: Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board of Trustees. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) establish a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A description of the valuation techniques applied to the Funds major categories of assets and liabilities measured at fair value follows:

Exchange-Traded Equity Securities, Common & Preferred stock - Equity securities listed or traded on a national market or exchange are valued based on their sale price on such market or exchange at the close of business on the date of valuation, or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign investments are valued at the closing values of such securities as of the date of valuation under the generally accepted valuation method in the country where traded, converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. If events materially affecting the value of foreign securities occur between the time when the exchange on which they are traded closes and the time when the Funds net assets are calculated, such securities may be valued at fair value in accordance with procedures adopted by the Board of Trustees. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.

Debt Securities - Debt securities will generally be valued using prices provided by a pricing service which may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, yields, or any other key inputs are unobservable, they are categorized in Level 3 of the hierarchy.

Short-Term Investments - Short-term investments (other than those in the Money Market Fund) with maturities of 60 days or less are valued at amortized cost. Short-term investments with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy. Short-term investments in the Money Market Fund are all valued at amortized cost. Money Market Fund investments are categorized as Level 2 in the fair value hierarchy.

Investments in Registered Investment Companies - These investments are valued at their net asset value on the valuation date. Net asset value of underlying funds is calculated as of the close of business of the New York Stock Exchange. These investments are categorized in Level 1 of the fair value hierarchy.

Futures Contracts - Stock and bond index futures and options, which are traded on commodities exchanges, are valued at the last sales price as of the close of such commodities exchanges and are categorized in Level 1 of the fair value hierarchy.

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The portfolio securities for which market quotations are not readily available are valued at fair value, as determined in good faith using procedures approved by the Board of Trustees.

The following is a summary of the inputs used to value the TIAA-CREF Funds’ investments as of June 30, 2009:

	Level 1		Level 2		Level 3		Total
Lifecycle 2010
Mutual Funds	$	340,002,113	$	-	$	-	$	340,002,113
Total	$	340,002,113	$	-	$	-	$	340,002,113
Lifecycle 2015
Mutual Funds	$	380,007,997	$	-	$	-	$	380,007,997
Total	$	380,007,997	$	-	$	-	$	380,007,997
Lifecycle 2020
Mutual Funds	$	389,550,924	$	-	$	-	$	389,550,924
Total	$	389,550,924	$	-	$	-	$	389,550,924
Lifecycle 2025
Mutual Funds	$	358,262,258	$	-	$	-	$	358,262,258
Total	$	358,262,258	$	-	$	-	$	358,262,258
Lifecycle 2030
Mutual Funds	$	338,761,631	$	-	$	-	$	338,761,631
Total	$	338,761,631	$	-	$	-	$	338,761,631
Lifecycle 2035
Mutual Funds	$	325,108,607	$	-	$	-	$	325,108,607
Total	$	325,108,607	$	-	$	-	$	325,108,607
Lifecycle 2040
Mutual Funds	$	493,664,602	$	-	$	-	$	493,664,602
Total	$	493,664,602	$	-	$	-	$	493,664,602
Lifecycle 2045
Mutual Funds	$	18,725,577	$	-	$	-	$	18,725,577
Total	$	18,725,577	$	-	$	-	$	18,725,577
Lifecycle 2050
Mutual Funds	$	9,092,414	$	-	$	-	$	9,092,414
Total	$	9,092,414	$	-	$	-	$	9,092,414
Lifecycle Retirement Income
Mutual Funds	$	20,975,279	$	-	$	-	$	20,975,279
Total	$	20,975,279	$	-	$	-	$	20,975,279

Accounting for investments and investment income: Securities transactions are accounted for as of the trade date.

Indemnification: In the normal course of business, each Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. A Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund that have not yet occurred. Also, under the Funds’ organizational documents, the trustees and officers of the Funds are indemnified against certain liabilities that may arise out of their duties to the Funds. However, based on experience, the Funds expect the risk of loss due to these warranties and indemnities to be remote.

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Note 2 – Investments

At June 30, 2009, net unrealized appreciation (depreciation) based on aggregate cost of portfolio investments for each of the Funds, consisting of gross unrealized appreciation and gross unrealized depreciation, were as follows:

			Gross		Gross
			Unrealized		Unrealized			Net Unrealized
Fund	Cost		Appreciation		Depreciation			Appreciation
Lifecycle 2010	$	368,817,530	$	2,796,387	$	(31,611,803	)	$	(28,815,416	)
Lifecycle 2015		420,030,116		3,549,867		(43,571,986	)		(40,022,119	)
Lifecycle 2020		434,987,870		3,735,318		(49,172,264	)		(45,436,946	)
Lifecycle 2025		405,896,262		3,735,161		(51,369,164	)		(47,634,003	)
Lifecycle 2030		386,830,977		4,087,449		(52,156,795	)		(48,069,346	)
Lifecycle 2035		367,176,316		3,521,757		(45,589,466	)		(42,067,709	)
Lifecycle 2040		553,966,974		4,764,554		(65,066,926	)		(60,302,372	)
Lifecycle 2045		18,286,842		610,535		(171,799	)		438,736
Lifecycle 2050		8,983,986		217,926		(109,498	)		108,428
Lifecycle Retirement
Income		20,604,478		490,574		(119,773	)		370,801

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Item 2. Controls and Procedures.

     (a) An evaluation was performed within 90 days from the date hereof under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this quarterly reporting period.

     (b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal quarter that materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TIAA-CREF FUNDS
Date: August 25, 2009	By:	/s/ Scott C. Evans
		Scott C. Evans
		Principal Executive Officer and President

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Date: August 25, 2009	By:	/s/ Scott C. Evans
		Scott C. Evans
		Principal Executive Officer and President
		(principal executive officer)

Date: August 25, 2009	By:	/s/ Phillip G. Goff
		Phillip G. Goff
		Principal Financial Officer, Principal Accounting
		Officer and Treasurer
		(principal financial officer)

EXHIBIT LIST

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer