UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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: October 31

Date of reporting period: January 31, 2011

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.9%
AUTOMOBILES & COMPONENTS - 1.3%
	333,396	*	American Axle & Manufacturing Holdings, Inc	$	4,767,563
	110,579		Autoliv, Inc		8,492,467
	83,183	*	DaimlerChrysler AG. (EUR)		6,084,863
	91,629	*	Visteon Corp		6,436,021
			TOTAL AUTOMOBILES & COMPONENTS		25,780,914
BANKS - 4.3%
	128,838	*	CIT Group, Inc		6,144,284
	103,243	*	First Republic Bank		3,069,414
	747,094		Huntington Bancshares, Inc		5,408,961
	139,803		PNC Financial Services Group, Inc		8,388,180
	645,873		US Bancorp		17,438,571
	1,475,761		Wells Fargo & Co		47,844,172
			TOTAL BANKS		88,293,582
CAPITAL GOODS - 8.1%
	95,136		Ametek, Inc		3,879,646
	124,442		Caterpillar, Inc		12,072,118
			Changsha Zoomlion Heavy Industry Science and Technology
	917,000	*	Development Co Ltd		2,102,949
	207,127		Dover Corp		13,276,841
	128,375		Eaton Corp		13,859,366
	310,151	*	FIAT Industrial SpA		4,197,599
	1,811,553		General Electric Co		36,484,677
	193,589		Goodrich Corp		17,543,035
	105,424		Harsco Corp		3,402,032
	434,938		Honeywell International, Inc		24,360,878
	82,783		Parker Hannifin Corp		7,401,628
	93,073		Precision Castparts Corp		13,308,508
	313,741		Textron, Inc		8,248,251
	81,890		TransDigm Group, Inc		6,344,837
			TOTAL CAPITAL GOODS		166,482,365
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	177,216	*	Stericycle, Inc		13,909,684
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		13,909,684
CONSUMER DURABLES & APPAREL - 2.2%
	112,120	*	Deckers Outdoor Corp		8,228,487
	612,322		DR Horton, Inc		7,586,670
	67,867	*	Fossil, Inc		4,821,950
	334,629		Jarden Corp		11,343,922
	119,219		Stanley Works		8,664,837
	123,595	*	Tempur-Pedic International, Inc		5,393,686
			TOTAL CONSUMER DURABLES & APPAREL		46,039,552

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.0%
	29,651	*	Chipotle Mexican Grill, Inc (Class A)	$	6,491,197
	103,930	*	Las Vegas Sands Corp		4,831,706
	159,015		McDonald’s Corp		11,714,635
	426,948	*	Orient-Express Hotels Ltd (Class A)		5,191,688
	383,702		Starbucks Corp		12,098,123
			TOTAL CONSUMER SERVICES		40,327,349
DIVERSIFIED FINANCIALS - 8.1%
	754,255		Blackstone Group LP		11,864,431
	4,217,375	*	Citigroup, Inc		20,327,748
	40,311		CME Group, Inc		12,438,362
	476,876		Discover Financial Services		9,818,877
	488,934	*	E*Trade Financial Corp		8,096,747
	75,634		Franklin Resources, Inc		9,125,242
	171,291		Goldman Sachs Group, Inc		28,026,634
	1,052,006		JPMorgan Chase & Co		47,277,149
	190,938		Lazard Ltd (Class A)		7,965,933
	256,457		Moody’s Corp		7,532,142
	85,790		Raymond James Financial, Inc		3,107,314
			TOTAL DIVERSIFIED FINANCIALS		165,580,579
ENERGY - 11.4%
	228,892		Anadarko Petroleum Corp		17,642,995
	170,897		Baker Hughes, Inc		11,708,153
	130,121		Cenovus Energy, Inc		4,503,488
	67,155	*	Concho Resources, Inc		6,463,669
	424,908		El Paso Corp		6,747,539
	1,033,533		Exxon Mobil Corp		83,385,443
	413,792		Halliburton Co		18,620,640
	244,188		Marathon Oil Corp		11,159,392
	133,730		National Oilwell Varco, Inc		9,882,647
	222,396	*	Newfield Exploration Co		16,272,715
	281,597		Occidental Petroleum Corp		27,224,798
	130,536		Petroleo Brasileiro S.A. (ADR)		4,794,587
	40,058		Saipem S.p.A.		2,001,501
	616,516	*	Weatherford International Ltd		14,623,760
			TOTAL ENERGY		235,031,327
FOOD & STAPLES RETAILING - 1.1%
	157,971		Costco Wholesale Corp		11,348,636
	139,157	*	United Natural Foods, Inc		5,148,809
	120,274		Whole Foods Market, Inc		6,219,369
			TOTAL FOOD & STAPLES RETAILING		22,716,814
FOOD BEVERAGE & TOBACCO - 5.7%
	609,677		Coca-Cola Co		38,318,200
	102,512		Diamond Foods, Inc		5,102,022
	378,373		General Mills, Inc		13,159,814

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	113,523		Groupe Danone	$	6,825,067
	170,314	*	Hansen Natural Corp		9,646,585
	124,150		InBev NV		6,850,239
	80,423		Lorillard, Inc		6,051,027
	151,685		PepsiCo, Inc		9,754,862
	404,792		Philip Morris International, Inc		23,170,294
			TOTAL FOOD BEVERAGE & TOBACCO		118,878,110
HEALTH CARE EQUIPMENT & SERVICES - 4.0%
	54,716	*	Cerner Corp		5,408,677
	174,205	*	Coventry Health Care, Inc		5,220,924
	86,557	*	Edwards Lifesciences Corp		7,295,890
	290,537	*	Express Scripts, Inc		16,365,949
	409,308	*	Hologic, Inc		8,153,415
	105,360	*	Humana, Inc		6,107,719
	172,495		McKesson Corp		12,966,449
	484,059		UnitedHealth Group, Inc		19,870,622
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		81,389,645
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%
	117,786		Estee Lauder Cos (Class A)		9,481,773
	628,451		Procter & Gamble Co		39,674,112
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		49,155,885
INSURANCE - 2.2%
	303,885		ACE Ltd		18,716,278
	171,987		Metlife, Inc		7,871,845
	296,091		Prudential Financial, Inc		18,212,557
			TOTAL INSURANCE		44,800,680
MATERIALS - 3.7%
	130,524		Barrick Gold Corp		6,201,195
	24,674		CF Industries Holdings, Inc		3,331,977
	240,437		Christian Hansen Holding		5,125,734
	353,191		Du Pont (E.I.) de Nemours & Co		17,899,719
	109,567		Eastman Chemical Co		10,174,392
	175,343		Ecolab, Inc		8,712,794
	102,176		Freeport-McMoRan Copper & Gold, Inc (Class B)		11,111,640
	183,245		Huntsman Corp		3,190,295
	506,264	*	Louisiana-Pacific Corp		5,082,891
	200		Sherwin-Williams Co		16,946
	44,491		Walter Energy, Inc		5,795,843
			TOTAL MATERIALS		76,643,426
MEDIA - 3.1%
	518,524		Comcast Corp (Class A)		11,796,421
	52,850	*	Liberty Media Corp - Capital (Series A)		3,470,131
	220,100		Scripps Networks Interactive (Class A)		10,234,650
	90,548		Time Warner, Inc		2,847,735
	369,419		Viacom, Inc (Class B)		15,349,359
	504,847		Walt Disney Co		19,623,403
			TOTAL MEDIA		63,321,699

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%
	93,682	*	Amgen, Inc	$	5,160,005
	304,949		Biovail Corp		11,139,787
	866,472	*	Biovitrum AB		4,956,393
	676,724		Bristol-Myers Squibb Co		17,039,910
	115,786	*	Genzyme Corp		8,492,902
	80,441	*	Hospira, Inc		4,442,756
	312,307	*	Human Genome Sciences, Inc		7,576,568
	117,399	*	Illumina, Inc		8,140,447
	41,481	*	Mettler-Toledo International, Inc		6,188,550
	508,138	*	Mylan Laboratories, Inc		11,768,476
	26,510		Novo Nordisk AS (Class B)		2,984,755
	2,001,005		Pfizer, Inc		36,458,312
	87,062	*	Pharmasset, Inc		4,219,025
	281,260		Shire Ltd		7,421,129
	105,703	*	United Therapeutics Corp		7,185,690
	583,504		Warner Chilcott plc		13,998,261
	324,994	*	Watson Pharmaceuticals, Inc		17,718,673
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		174,891,639
RETAILING - 3.2%
	62,184	*	Amazon.com, Inc		10,548,894
	121,722	*	Bed Bath & Beyond, Inc		5,842,656
	338,900		Foot Locker, Inc		6,052,754
	535,072		Home Depot, Inc		19,674,596
	181	*	L' Occitane International S.A.		485
	425,692		Macy’s, Inc		9,854,770
	1,094,883	*	New Carphone Warehouse plc		7,067,971
	99,759		Tiffany & Co		5,798,991
			TOTAL RETAILING		64,841,117
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.9%
	928,321		ARM Holdings plc		7,647,968
	320,928		Intersil Corp (Class A)		4,852,431
	632,935	*	Micron Technology, Inc		6,671,135
	540,714	*	ON Semiconductor Corp		5,974,890
	429,300	*	Skyworks Solutions, Inc		13,638,861
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		38,785,285
SOFTWARE & SERVICES - 10.1%
	186,424	*	Adobe Systems, Inc		6,161,313
	110,265	*	Akamai Technologies, Inc		5,328,005
	193,640	*	Amdocs Ltd		5,642,670
	190,817	*	AOL, Inc		4,488,016
	145,772	*	BMC Software, Inc		6,953,324
	65,623	*	Google, Inc (Class A)		39,397,424
	173,541		International Business Machines Corp		28,113,642
	1,297,994		Microsoft Corp		35,986,884
	358,672	*	Monster Worldwide, Inc		5,971,889
	57,091	*	OpenTable, Inc		4,488,494

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	566,848		Oracle Corp	$	18,156,141
	169,027	*	QLIK Technologies, Inc		3,923,117
	57,756	*	Sina Corp		4,923,699
	886,687	*	Symantec Corp		15,614,558
	182,873	*	Teradata Corp		7,861,710
	133,747	*	VeriFone Holdings, Inc		5,341,855
	547,719	*	Yahoo!, Inc		8,829,230
			TOTAL SOFTWARE & SERVICES		207,181,971
TECHNOLOGY HARDWARE & EQUIPMENT - 8.9%
	172,080	*	Apple, Inc		58,390,185
	1,046,785	*	Cisco Systems, Inc		22,139,503
	756,822	*	EMC Corp		18,837,300
	165,598	*	Finisar Corp		5,514,413
	531,716		Hewlett-Packard Co		24,294,104
	596,408	*	JDS Uniphase Corp		10,121,044
	151,928	*	Polycom, Inc		6,662,043
	596,672		Qualcomm, Inc		32,297,855
	98,056	*	SanDisk Corp		4,448,801
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		182,705,248
TELECOMMUNICATION SERVICES - 2.3%
	139,970	*	American Tower Corp (Class A)		7,118,874
	2,146,846		Qwest Communications International, Inc		15,307,012
	729,223		Verizon Communications, Inc		25,974,923
			TOTAL TELECOMMUNICATION SERVICES		48,400,809
TRANSPORTATION - 2.8%
	1,119,909	*	JetBlue Airways Corp		6,719,454
	22,206	*	Kansas City Southern Industries, Inc		1,109,856
	522,506	*	Swift Transportation Co, Inc		7,466,611
	140,377		Union Pacific Corp		13,283,875
	404,989		United Parcel Service, Inc (Class B)		29,005,312
			TOTAL TRANSPORTATION		57,585,108
UTILITIES - 1.0%
	1,300		Allegheny Energy, Inc		33,514
	218,517		Constellation Energy Group, Inc		7,047,173
	80,219		ITC Holdings Corp		5,270,388
	625,823		NV Energy, Inc		8,993,077
			TOTAL UTILITIES		21,344,152
			TOTAL COMMON STOCKS		2,034,086,940
			(Cost $1,755,255,759)

5

TIAA-CREF FUNDS - Growth & Income Fund

PRINCIPAL		ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.5%			02/01/11		9,310,000
	$9,310,000	Federal Home Loan Bank			9,310,000

	TOTAL SHORT-TERM INVESTMENTS	$	9,310,000
	(Cost $9,310,000)
	TOTAL INVESTMENTS - 99.4%		2,043,396,940
	(Cost $1,764,565,759)
	OTHER ASSETS & LIABILITIES, NET - 0.6%		11,593,192
	NET ASSETS - 100.0%	$	2,054,990,132
	Abbreviation(s):
	ADR - American Depositary Receipt
*	Non-income producing.

6

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.5%
BELGIUM - 1.1%
	554,981		InBev NV	$	30,622,250
			TOTAL BELGIUM		30,622,250
CHINA - 7.0%
	14,110,032		Asian Citrus Holdings Ltd		16,895,863
			Changsha Zoomlion Heavy Industry Science and
	24,593,436	*	Technology Development Co Ltd		56,399,946
	15,140,000		China South Locomotive and Rolling Stock Corp		21,824,361
	52,784,380		Nine Dragons Paper Holdings Ltd		75,081,396
	5,785,000		Zhuzhou CSR Times Electric Co Ltd		22,345,349
			TOTAL CHINA		192,546,915
FINLAND - 2.3%
	2,047,572		Fortum Oyj		63,005,479
			TOTAL FINLAND		63,005,479
FRANCE - 0.6%
	367,800	*	Peugeot S.A.		15,379,131
	11,233		Societe Generale		725,574
			TOTAL FRANCE		16,104,705
GERMANY - 24.8%
	2,675,324		Bayer AG.		197,544,334
	1,726,322		Henkel KGaA (Preference)		105,035,620
	2,605,882		Lanxess AG.		189,482,762
	300,190		Porsche AG.		28,015,009
	649,399		Rheinmetall AG.		55,679,322
	2,561,807		ThyssenKrupp AG.		103,832,726
			TOTAL GERMANY		679,589,773
HONG KONG - 6.7%
	26,832,759		Li & Fung Ltd		174,770,341
	12,732,000		Trinity Ltd		11,571,597
			TOTAL HONG KONG		186,341,938
INDIA - 2.4%
	3,252,112		Crompton Greaves Ltd		19,781,991
	991,813		HDFC Bank Ltd		44,324,923
			TOTAL INDIA		64,106,914
ITALY - 0.8%
	463,715		Saipem S.p.A.		23,169,550
			TOTAL ITALY		23,169,550

7

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
JAPAN - 14.6%
	50,300		Canon, Inc	$	2,475,953
	19,700		Daikin Industries Ltd		682,623
	35,908		Denso Corp		1,324,654
	13,450	*	Fanuc Ltd		2,128,448
	101,497		Kao Corp		2,654,844
	75,330		Komatsu Ltd		2,246,891
	94,307		Mitsubishi Corp		2,632,753
	732,984		Mitsubishi Electric Corp		8,101,475
	4,074,000		Mitsubishi Heavy Industries Ltd		16,155,588
	3,629,947		Mitsubishi UFJ Financial Group, Inc		18,853,635
	183,890		Mitsubishi UFJ Lease & Finance Co Ltd		7,445,314
	1,130,800		Mitsui & Co Ltd		19,087,409
	76,000		Mitsui Trust Holdings, Inc		305,443
	5,115,000		Nippon Electric Glass Co Ltd		77,134,970
	171,347	*	Nomura Holdings, Inc		1,044,816
	3,411,000	*	NTN Corp		18,563,411
	75,555		ORIX Corp		7,466,092
	1,875,700		Sanrio Co Ltd		51,095,068
	999,500		Shin-Etsu Chemical Co Ltd		56,273,427
	68,050	*	Sony Corp		2,341,700
	214,550		Sumitomo Corp		3,090,859
	278,500		Sumitomo Metal Industries Ltd		651,975
	42,000		Sumitomo Metal Mining Co Ltd		690,424
	195,347		Sumitomo Mitsui Financial Group, Inc		6,641,794
	28,000		Suruga Bank Ltd		261,646
	9,665,000		Teijin Ltd		46,600,937
	766,300		THK Co Ltd		19,984,221
	1,433,200		Ushio, Inc		29,043,764
			TOTAL JAPAN		404,980,134
MACAU - 2.3%
	25,954,191	*	Sands China Ltd		64,434,280
			TOTAL MACAU		64,434,280
NETHERLANDS - 0.1%
	57,259		Royal Dutch Shell plc (A Shares)		2,017,323
			TOTAL NETHERLANDS		2,017,323
SWEDEN - 7.3%
	3,163,939		Alfa Laval AB		67,376,830
	2,957,632		Assa Abloy AB (Class B)		80,481,482
	1,874,256		SKF AB (B Shares)		53,528,801
			TOTAL SWEDEN		201,387,113
SWITZERLAND - 12.5%
	1,932,100		Adecco S.A.		125,142,921
	163,833		Bellevue Group AG.		6,056,962
	111,155		Burckhardt Compression Holding AG.		31,556,716
	84,082		Givaudan S.A.		83,316,931
	863,710	a	Tecan Group AG.		73,515,994

8

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	MATURITY DATE	VALUE
	1,576,355	*	UBS AG. (Switzerland)		$	28,223,616
			TOTAL SWITZERLAND			347,813,140
	TAIWAN - 1.0%
	8,024,000		Formosa Plastics Corp			27,342,241
			TOTAL TAIWAN			27,342,241
UNITED KINGDOM - 14.0%
	13,942,427		ICAP plc			120,063,914
	1,205,601		Imperial Tobacco Group plc			34,413,370
	1,244,622		Reckitt Benckiser Group plc			67,648,154
	125,041		Rio Tinto plc			8,587,319
	6,044,802		Smiths Group plc			131,698,472
	1,025,384		Tullow Oil plc			21,815,152
			TOTAL UNITED KINGDOM			384,226,381
			TOTAL COMMON STOCKS			2,687,688,136
			(Cost $2,314,722,411)

PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 5.3%
GOVERNMENT AGENCY DEBT - 5.3%
	$145,800,000		Federal Home Loan Bank	02/01/11		145,800,000
			TOTAL GOVERNMENT AGENCY DEBT			145,800,000
			TOTAL SHORT-TERM INVESTMENTS			145,800,000
			(Cost $145,800,000)
			TOTAL INVESTMENTS - 102.8%			2,833,488,136
			(Cost $2,460,522,411)
			OTHER ASSETS & LIABILITIES, NET - (2.8)%			(77,814,217	)
			NET ASSETS - 100.0%		$	2,755,673,919
		*	Non-income producing.
		a	Affiliated Holding

9

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2011

SECTOR	VALUE			% OF NET ASSETS
INDUSTRIALS	$	787,533,633			28.6	%
MATERIALS		591,860,138			21.5
CONSUMER DISCRETIONARY		348,931,780			12.6
HEALTH CARE		271,060,328			9.9
CONSUMER STAPLES		257,270,101			9.3
FINANCIALS		241,413,729			8.7
INFORMATION TECHNOLOGY		79,610,923			2.9
UTILITIES		63,005,479			2.3
ENERGY		47,002,025			1.7
SHORT - TERM INVESTMENTS		145,800,000			5.3
OTHER ASSETS & LIABILITIES, NET		(77,814,217	)		(2.8	)
NET ASSETS	$	2,755,673,919			100.0	%

10

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

PRINCIPAL			ISSUER	RATE	MATURITY DATE	VALUE
EQUITY LINKED NOTES - 2.3%
INDIA - 2.3%
	$4,900,000	*,g,m	Morgan Stanley, MSCI India Total Return Index	0.060%	03/03/11	$	5,075,665
			TOTAL INDIA				5,075,665
			TOTAL EQUITY LINKED NOTES				5,075,665
			(Cost $4,900,000)

SHARES			COMPANY	VALUE
COMMON STOCKS - 94.9%
AUSTRALIA - 0.6%
	26,110	*	Aston Resources Pty Ltd		219,608
	177,567	*	Dart Energy Ltd		194,080
	31,752	*	Karoon Gas Australia Ltd		238,120
	15,725		Kingsgate Consolidated Ltd		146,064
	271,282	*	Pan Australian Resources Ltd		220,603
	10,847	*	Riversdale Mining Ltd		171,058
	22,524	*	Sandfire Resources NL		159,258
			TOTAL AUSTRALIA		1,348,791
BRAZIL - 13.9%
	50,600		Aliansce Shopping Centers S.A.		394,613
	14,200		Amil Participacoes S.A.		137,064
	1,224	*	Banco Bradesco S.A.		22,616
	79,900		Banco Bradesco S.A.(Pref)		1,476,301
	44,000		Banco do Brasil S.A.		785,530
	31,300		Banco do Estado do Rio Grande do Sul		307,940
	101,100		Banco Itau Holding Financeira S.A.		2,158,521
	38,600		Banco Santander Brasil S.A.		447,607
	127,300		BM&FBOVESPA S.A.		889,676
	31,000		BR Malls Participacoes S.A.		282,672
	16,448		BR Properties S.A.		165,472
	9,700		Bradespar S.A.		266,045
	5,200	*	Braskem S.A.		65,415
	500	*	Brazil Insurance Participco		565,104
	3,800		Companhia Brasileira de Distribuicao Grupo Pao de Acucar		143,114
	19,500		Companhia de Concessoes Rodoviarias		538,459
	7,300		Companhia de Saneamento Basico do Estado de Sao Paulo		178,674
	12,900		Companhia Energetica de Minas Gerais		212,040
	10,300		Companhia Energetica de Sao Paulo (Class B)		175,915
	9,700		Companhia Hering		148,967
	36,400		Companhia Siderurgica Nacional S.A.		604,865

11

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	136,700		Companhia Vale do Rio Doce	$	4,680,905
	18,000		Cosan SA Industria e Comercio		281,076
	28,100		EcoRodovias Infraestrutura e Logistica S.A.		219,143
	60,500		Empresa Brasileira de Aeronautica S.A.		490,693
	13,800		Estacio Participacoes S.A.		198,686
	6,100	*	Fertilizantes Fosfatados S.A.		69,711
	11,700		Fleury S.A.		175,470
	14,500		Gafisa S.A.		88,812
	18,200		Gol Linhas Aereas Inteligentes S.A.		259,961
	10,600	*	Hypermarcas S.A.		126,161
	25,400		Localiza Rent A Car		381,697
	19,900		Lojas Americanas S.A.		159,849
	7,700		Lojas Renner S.A.		223,570
	12,000		Metalurgica Gerdau S.A.		183,497
	17,300		Mills Estruturas e Servicos de		216,801
	33,300	*	MMX Mineracao e Metalicos S.A.		199,966
	7,300		Multiplan Empreendimentos Imobiliarios S.A.		140,092
	9,500		Natura Cosmeticos S.A.		243,349
	30,600		OGX Petroleo e Gas Participacoes S.A.		315,922
	135,600		PDG Realty S.A.		750,012
	41,300		Perdigao S.A.		677,618
	443,345		Petroleo Brasileiro S.A.		7,992,151
	16,000		Porto Seguro S.A.		249,558
	438,500		PT International Nickel Indonesia Tbk		225,099
	15,000		Santos Brasil Participacoes S.A.		222,712
	22,500		Satipel Industrial S.A.		215,963
	15,400		SLC Agricola S.A.		182,829
	2,600		Souza Cruz S.A.		124,186
	4,200		Tam S.A. (Preference)		92,242
	10,000		Tele Norte Leste Participacoes S.A. (Preference)		159,453
	40,400		Tim Participacoes S.A.		149,293
	2,000		Totvus S.A.		194,367
	8,000		Tractebel Energia S.A.		123,819
	4,900		Ultrapar Participacoes S.A.		309,235
			TOTAL BRAZIL		30,290,508
CAMBODIA - 0.1%
	782,000		NagaCorp Ltd		168,925
			TOTAL CAMBODIA		168,925
CANADA - 0.3%
	19,669	*,f	Gold Wheaton Gold Corp (GDR) (purchased 12/6/10, cost $189,389)		191,740
	1,329		Niko Resources Ltd		129,403
	6,546		Petrominerales Ltd		255,211
			TOTAL CANADA		576,354
CHILE - 1.1%
	150,939		AES Gener S.A.		74,407
	1,965,383		Banco Santander Chile S.A.		160,053
	3,214		CAP S.A.		160,301
	43,175		Centros Comerciales Sudamericanos S.A.		291,288

12

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	123,363		Empresa Nacional de Electricidad S.A.	$	213,690
	5,484		Empresa Nacional de Telecomunicaciones S.A.		93,065
	2,953		Empresas CMPC S.A.		143,617
	19,433		Empresas COPEC S.A.		333,199
	21,038		Empresas La Polar S.A.		129,267
	476,035		Enersis S.A.		198,020
	5,830		Lan Airlines S.A.		163,848
	9,719		SACI Falabella		97,150
	3,201		Sociedad Quimica y Minera de Chile S.A. (Class B)		171,564
	5,031		United Breweries Co, Inc		54,454
	15,320		Vina Concha Y Toro S.A.		35,827
			TOTAL CHILE		2,319,750
CHINA - 16.0%
	174,000		Agile Property Holdings Ltd		260,485
	1,178,000	*	Agricultural Bank of China		582,844
	214,000	*	Air China Ltd		221,950
	95,000		Ajisen China Holdings Ltd		145,561
	142,000		Alibaba.com Ltd		281,418
	94,000		Angang New Steel Co Ltd		139,612
	64,000		Anhui Conch Cement Co Ltd		298,141
	2,052	*	Baidu, Inc (ADR)		222,909
	2,488,000		Bank of China Ltd		1,299,634
	242,000		Bank of Communications Co Ltd		232,051
	29,000		Beijing Enterprises Holdings Ltd		170,615
	890,000	*	Beijing Enterprises Water Group Ltd		351,613
	385,200	*	Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		883,377
	438,000		China BlueChemical Ltd		363,644
	601,000		China Citic Bank		394,105
	261,000		China Coal Energy Co		384,995
	152,000		China Communications Services Corp Ltd		93,181
	2,625,090		China Construction Bank		2,319,930
	493,000		China Dongxiang Group Co		216,037
	508,000		China Life Insurance Co Ltd		1,980,933
	118,621		China Merchants Holdings International Co Ltd		518,706
	230,500		China Mobile Hong Kong Ltd		2,265,785
	98,000		China National Building Material Co Ltd		246,098
	188,000		China Oilfield Services Ltd		366,944
	172,000		China Overseas Land & Investment Ltd		326,644
	68,000		China Resources Enterprise		267,811
	182,000		China Resources Gas Group Ltd		247,276
	327,000		China Shanshui Cement Group Ltd		256,259
	123,000		China Shenhua Energy Co Ltd		503,379
	483,000	*	China Shipping Container Lines Co Ltd		224,800
	86,000	m	China Shipping Development Co Ltd		104,458
	251,000		China South Locomotive and Rolling Stock Corp		361,817
	204,000		China State Construction International Holdings Ltd		201,741
	598,000		China Telecom Corp Ltd		354,693
	234,000		China Unicom Ltd		390,898
	579,000	*	Chongqing Rural Commercial Bank		392,107

13

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
			Chu Kong Petroleum & Natural Gas Steel Pipe Holdings
	524,000	*	Ltd	$	249,117
	57,000		Citic Pacific Ltd		154,149
	1,002,000		CNOOC Ltd		2,230,400
	282,500		COSCO Holdings		307,294
	635,000		Country Garden Holdings Co Ltd		238,860
	2,043	*	Ctrip.com International Ltd (ADR)		84,090
	86,000		Dalian Port PDA Co Ltd		35,365
	53,200		Dongfang Electric Co Ltd		226,241
	344,000		Dongfeng Motor Group Co Ltd		611,510
	275,000		Evergrande Real Estate Group		147,231
	6,699	*	Focus Media Holding Ltd (ADR)		166,872
	53,000		Golden Eagle Retail Group Ltd		146,068
	200,250		Great Wall Motor Co Ltd		317,622
	172,000		Guangzhou Automobile Group Co Ltd		222,340
	247,000		Hidili Industry International Development Ltd		212,490
	3,194,000		Industrial & Commercial Bank of China		2,390,425
	238,000		Intime Department Store Group Co Ltd		348,924
	325,140	*	Jiangsu Rongsheng Heavy Industry Group Co Ltd		296,088
	31,000		Jiangxi Copper Co Ltd		99,926
	243,500		KWG Property Holding Ltd		182,257
	932,000		Lenovo Group Ltd		543,585
	199,000		Little Sheep Group Ltd		123,737
	4,020	*	Longtop Financial Technologies Ltd (ADR)		132,258
	349,000		Lonking Holdings Ltd		204,315
	189,000		Nine Dragons Paper Holdings Ltd		268,837
	534,000		PCD Stores Ltd		168,871
	131,500		Ping An Insurance Group Co of China Ltd		1,315,758
	172,000		Shandong Weigao Group Medical Polymer Co Ltd		446,792
	486,000		Shanghai Electric Group Co Ltd		293,436
	8,550	*	ShangPharma Corp (ADR)		112,176
	53,000	*	Sihuan Pharmaceutical Holdings		36,368
	5,420	*	Sina Corp		462,055
	410,000		Sinochem Hong Kong Holding Ltd		229,245
	63,600		Sinopharm Group Co		225,938
	70,500		Sinotruk Hong Kong Ltd		65,793
	472,000	*	SITC International Co Ltd		306,326
	2,962	*	Sohu.com, Inc		229,792
	66,200		Tencent Holdings Ltd		1,727,598
	134,000		Vinda International Holdings Ltd		126,247
	437,000		Want Want China Holdings Ltd		364,451
	458,000	*	West China Cement Ltd		162,945
	8,981	*	WuXi PharmaTech Cayman, Inc (ADR)		153,216
	80,000		Xinao Gas Holdings Ltd		240,492
	79,000		Zhuzhou CSR Times Electric Co Ltd		305,148
	83,200		ZTE Corp		331,151
			TOTAL CHINA		35,116,250
COLOMBIA - 0.6%
	4,001		Almacenes Exito S.A.		49,281
	18,805		BanColombia S.A.		272,110
	3,484,955		Bolsa de Valores de Colombia		76,519

14

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	37,185		Cementos Argos S.A.	$	227,813
	215,667		Ecopetrol S.A.		458,523
	9,360		Inversiones Argos S.A.		96,242
	10,148		Suramericana de Inversiones S.A.		191,840
			TOTAL COLOMBIA		1,372,328
EGYPT - 0.3%
	42,676		Commercial International Bank		264,514
	21,659		Egyptian Financial Group-Hermes Holding		97,115
	30,055		El Ezz Steel Co		81,737
	5,073		Orascom Construction Industries		196,275
	101,207	*	Talaat Moustafa Group		112,804
			TOTAL EGYPT		752,445
GUERNSEY, C.I. - 0.1%
	184,306		Raven Russia Ltd		196,328
			TOTAL GUERNSEY, C.I.		196,328
HONG KONG - 2.6%
	154,200	*	AIA Group Ltd		424,232
	268,000		AMVIG Holdings Ltd		200,312
	367,000		Belle International Holdings Ltd		631,023
	52,000		Cathay Pacific Airways Ltd		131,525
	22,769	*	Charm Communications, Inc (ADR)		233,382
	234,000	*	China Resources Cement Holdings Ltd		178,518
	214,500		Dickson Concepts International Ltd		167,833
	139,000	*	Galaxy Entertainment Group Ltd		214,938
	408,000	*	Genting Hong Kong Ltd		182,556
	1,025,000	*	GOME Electrical Appliances Holdings Ltd		389,111
	198,000		Huabao International Holdings Ltd		294,456
	36,000		Kingboard Chemical Holdings Ltd		205,828
	212,000		Lee & Man Holding Ltd		236,519
	56,000		Li & Fung Ltd		364,746
	174,000		Noble Group Ltd		299,107
	232,000		Prime Success International Group Ltd		223,720
	420,000		SA SA International Holdings Ltd		230,153
	218,000	*	SATERI HOLDINGS Ltd		215,018
	448,000		Sino Biopharmaceutical		144,374
	228,000		SJM Holdings Ltd		383,448
	230,000		Trinity Ltd		209,038
	101,000		United Laboratories Ltd		162,703
			TOTAL HONG KONG		5,722,540
INDIA - 5.6%
	25,206		Adani Enterprises Ltd		310,818
	11,053		Aditya Birla Nuvo Ltd		181,649
	4,108		Bajaj Holdings and Investment Ltd		111,998
	3,762		Bharat Electronics Ltd		143,784
	17,517		Bhushan Steel Ltd		152,081
	9,543		Cadila Healthcare Ltd		171,675
	29,305	*	Coal India Ltd		194,271
	8,240		Colgate-Palmolive India Ltd		148,068

15

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	28,733		Crompton Greaves Ltd	$	174,777
	52,466		Dhanalakshmi Bank Ltd		109,121
	32,437		DLF Ltd		158,877
	8,366		Dr Reddy’s Laboratories Ltd		295,683
	18,638		Engineers India Ltd		115,127
	45,184		Exide Industries Ltd		126,370
	16,722		GAIL India Ltd		172,009
	60,656	*	GMR Infrastructure Ltd		52,251
	4,239		Grasim Industries Ltd		210,634
	46,798	*	Hathway Cables and Datacom Pvt Ltd		132,693
	14,473		HDFC Bank Ltd		646,810
	47,480		Housing Development Finance Corp		652,019
	54,414		ICICI Bank Ltd		1,220,204
	25,988		Infosys Technologies Ltd		1,768,047
	27,804		Infrastructure Development Finance Co Ltd		89,751
	135,101		ITC Ltd		480,041
	15,334		Jindal Steel & Power Ltd		222,477
	7,499		JSW Steel Ltd		148,593
	10,675		Kotak Mahindra Bank Ltd		89,921
	4,708		Larsen & Toubro Ltd		168,697
	23,363		Mahindra & Mahindra Ltd		363,854
	24,444		Opto Circuits India Ltd		130,657
	14,929		Pantaloon Retail India Ltd		93,741
	41,121	*	Prestige Estates Projects Ltd		134,667
	10,569	*	Ranbaxy Laboratories Ltd		125,856
	22,078		Reliance Industries Ltd		442,817
	28,223		Shopper’s Stop Ltd		218,239
	1,955		Shree Cement Ltd		71,259
	38,053		Sintex Industries Ltd		118,485
	18,223		Strides Arcolab Ltd		165,021
	27,938		Sun Pharmaceuticals Industries Ltd		268,978
	37,952		Tata Consultancy Services Ltd		960,178
	189,884		Unitech Ltd		200,002
	13,906		UTI Bank Ltd		377,687
	49,309		ZEE Telefilms Ltd		123,941
			TOTAL INDIA		12,243,828
INDONESIA - 2.1%
	914,000		Adaro Energy Tbk		229,388
	1,403,500	*	Borneo Lumbung Energi & Metal		237,328
	92,500		PT Astra International Tbk		503,658
	572,000		PT Bank Central Asia Tbk		359,297
	434,500		PT Bank Mandiri Persero Tbk		288,106
	205,293		PT Bank Negara Indonesia		73,562
	249,000	*	PT Excelcomindo Pratama		144,775
	39,500		PT Gudang Garam Tbk		163,225
	106,000	*	PT Harum Energy Indonesia Tbk		93,137
	536,000	*	PT Indah Kiat Pulp and Paper Corp Tbk		94,000
	38,000		PT Indo Tambangraya Megah		195,647
	231,500		PT Indocement Tunggal Prakarsa Tbk		348,860
	427,500		PT Indofood Sukses Makmur Tbk		223,105
	440,000		PT Jasa Marga Tbk		146,352

16

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	3,061,875		PT Lippo Karawaci Tbk	$	193,178
	557,500		PT Perusahaan Gas Negara		262,149
	102,000		PT Tambang Batubara Bukit Asam Tbk		223,837
	165,000		PT United Tractors Tbk		392,266
	106,000		Straits Asia Resources Ltd		217,124
	446,000	*	Tower Bersama Infrastructure		119,535
			TOTAL INDONESIA		4,508,529
ISRAEL - 0.5%
	18,693		Israel Chemicals Ltd		294,271
	15,389		Teva Pharmaceutical Industries Ltd		839,442
			TOTAL ISRAEL		1,133,713
KOREA, REPUBLIC OF - 13.5%
	4,426		Cheil Industries, Inc		475,261
	1,384		CJ O Shopping Co Ltd		325,346
	3,018	*	Daum Communications		217,223
	803		DC Chemical Co Ltd		272,302
	2,240		Dongbu Insurance Co Ltd		90,962
	7,030		Dongkuk Steel Mill Co Ltd		225,736
	688		Doosan Corp		102,818
	3,800		Doosan Heavy Industries and Construction Co Ltd		267,737
	12,650		Grand Korea Leisure Co Ltd		210,038
	2,404		GS Engineering & Construction Corp		255,439
	4,467		GS Holdings Corp		333,036
	14,860		Hana Financial Group, Inc		590,618
	6,990		Hanwha Chemical Corp		253,071
	890		Honam Petrochemical Corp		288,188
	33,240	*	Hynix Semiconductor, Inc		881,715
	1,678		Hyundai Department Store Co Ltd		196,550
	5,480		Hyundai Engineering & Construction Co Ltd		425,928
	2,731		Hyundai Heavy Industries		1,185,203
	23,470	*	Hyundai Hy Communications & Network Co		57,246
	8,950		Hyundai Marine & Fire Insurance Co Ltd		234,895
	2,907		Hyundai Mobis		671,901
	9,965		Hyundai Motor Co		1,595,657
	4,142		Hyundai Steel Co		515,591
	10,150		Industrial Bank Of Korea		154,235
	20,750		KB Financial Group, Inc		1,070,786
	820		KCC Corp		249,989
	17,486		Kia Motors Corp		856,700
	3,953		KIWOOM Securities Co Ltd		218,402
	5,030		Korea Investment Holdings Co Ltd		227,344
	3,206		Korean Air Lines Co Ltd		208,385
	3,715		LG Chem Ltd		1,397,963
	4,968		LG Corp		378,298
	5,542		LG Electronics, Inc		579,510
	1,183		LG Household & Health Care Ltd		430,246
	13,290		LG.Philips LCD Co Ltd		451,941
	1,342		Ncsoft		231,364
	5,938	*	Neowiz Games Corp		256,103
	2,228	*	NHN Corp		397,389

17

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	1,753		POSCO	$	712,267
	5,545		Samsung Card Co		274,266
	9,178		Samsung Corp		586,802
	3,893		Samsung Electro-Mechanics Co Ltd		452,700
	7,141		Samsung Electronics Co Ltd		6,269,698
	1,983		Samsung Engineering Co Ltd		350,186
	2,241		Samsung Fire & Marine Insurance Co Ltd		463,535
	11,040		Samsung Heavy Industries Co Ltd		421,667
	2,209		Samsung Life Insurance Co Ltd		203,513
	3,359		Samsung Securities Co Ltd		265,653
	3,375		Samsung Techwin Co Ltd		283,258
	1,995		SFA Engineering Corp		105,510
	25,009		Shinhan Financial Group Co Ltd		1,110,150
	2,625		SK Corp		389,820
	3,837		SK Energy Co Ltd		703,736
	1,600		Woongjin Coway Co Ltd		49,857
			TOTAL KOREA, REPUBLIC OF		29,423,734
MACAU - 0.2%
	172,400	*	Sands China Ltd (purchased 8/31/10, cost $278,270)		428,003
			TOTAL MACAU		428,003
MALAYSIA - 3.1%
	137,800		Alliance Financial Group BHD		143,550
	119,100		AMMB Holdings BHD		258,721
	74,500		Asiatic Development BHD		206,216
	58,200		Boustead Holdings BHD		106,544
	264,300		Bumiputra-Commerce Holdings BHD		726,127
	48,200		Bursa Malaysia BHD		131,418
	23,100		Digi.Com BHD		193,160
	187,600		Gamuda BHD		234,177
	184,400		Genting BHD		644,201
	18,400		Hong Leong Credit BHD		52,872
	222,000		IGB Corp BHD		154,187
	107,700		IJM Corp BHD		230,503
	193,400		IOI Corp BHD		363,616
	337,500		JCY International BHD		85,324
	91,200	m	JobStreet Corp BHD		85,197
	122,000		KLCC Property Holdings BHD		135,524
	68,300		KrisAssets Holdings BHD		85,222
	35,600		Kuala Lumpur Kepong BHD		248,962
	77,900		Lafarge Malayan Cement BHD		200,098
	207,100		Malayan Banking BHD		591,405
	79,300		Malaysia Airports Holdings BHD		158,781
	230,800		Malaysian Resources Corp BHD		166,684
	21,807		Parkson Holdings BHD		40,344
	70,400	*	Petronas Chemicals Group BHD		140,501
	59,800		Public Bank BHD (Foreign)		261,741
	84,000		RHB Capital BHD		232,299
	61,500		Sime Darby BHD		184,970
	127,900		SP Setia BHD		268,339
	270,500	*	TM International BHD		426,030

18

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	103,300		WCT BHD	$	109,681
			TOTAL MALAYSIA		6,866,394
MEXICO - 4.8%
	33,000		Alfa S.A. de C.V. (Class A)		359,406
	1,180,300		America Movil S.A. de C.V. (Series L)		3,361,584
	673,000	*	Cemex S.A. de C.V.		635,774
	105,500	*	Compartamos SAB de C.V.		212,374
	33,100	*	Corp GEO S.A. de C.V. (Series B)		113,508
	66,700	*	Empresas ICA Sociedad Controladora S.A. de C.V.		168,798
	115,700		Fomento Economico Mexicano S.A. de C.V.		613,932
	56,000	*	Genomma Lab Internacional S.A. de C.V.		141,812
	31,000		Grupo Carso S.A. de C.V. (Series A1)		89,313
	44,800	*	Grupo Comercial Chedraui S.a. DE C.V.		138,414
	143,200		Grupo Financiero Banorte S.A. de C.V.		637,205
	247,400		Grupo Mexico S.A. de C.V. (Series B)		966,677
	37,500		Grupo Modelo S.A. (Series C)		231,133
	172,500		Grupo Televisa S.A.		831,003
	9,405		Industrias Penoles S.A. de C.V.		311,797
	31,000	*	Inmuebles Carso SAB de C.V.		32,965
	76,400		Mexichem SAB de C.V.		272,763
	38,300	*	Minera Frisco SAB de C.V.		163,764
	4,724	*	NII Holdings, Inc (Class B)		198,314
	34,100	*	Urbi Desarrollos Urbanos S.A. de C.V		82,530
	307,700		Wal-Mart de Mexico S.A. de C.V. (Series V)		854,793
			TOTAL MEXICO		10,417,859
PERU - 0.6%
	28,419		Bolsa de Valores de Lima S.A.		116,959
	58,142		Cementos Lima S.A.		98,862
	11,047		Compania de Minas Buenaventura S.A. (ADR) (Series B)		452,927
	2,796		Credicorp Ltd (NY)		291,511
	81,630		Ferreyros S.A.		132,612
	37,879		Grana y Montero S.A.		88,886
	5,143	f	Intergroup Financial Services Corp (purchased 8/31/10, cost $132,867)		180,005
			TOTAL PERU		1,361,762
PHILIPPINES - 1.3%
	232,200		Aboitiz Power Corp		146,185
	672,700		Alliance Global Group, Inc		174,718
	542,600		Ayala Land, Inc		181,069
	172,060		Banco de Oro Universal Bank		197,837
	133,220		Bank of the Philippine Islands		155,182
	44,120	*	Cebu Air, Inc		97,624
	95,700		International Container Term Services, Inc		92,086
	257,200		JG Summit Holdings (Series B)		110,712
	1,826,000	f	Megaworld Corp (purchased 12/6/10, cost $104,097)		87,104
	1,202,000		Metro Pacific Investments Corp		100,254
	205,539		Metropolitan Bank & Trust		301,951
	530,000	*	Nickel Asia Corp		233,827
	2,195		Philippine Long Distance Telephone Co		121,824
	11,780		Philippine Stock Exchange, Inc		95,872

19

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	511,600		Robinsons Land Corp	$	163,058
	16,030		SM Investments Corp		170,406
	694,800		SM Prime Holdings		162,984
	181,700		Universal Robina		143,545
			TOTAL PHILIPPINES		2,736,238
POLAND - 1.3%
	5,414		Bank Pekao S.A.		322,425
	22,197	*	Getin Holding S.A.		96,389
	11,486		KGHM Polska Miedz S.A.		672,250
	6,061	*	Orbis S.A.		76,299
	1,523		PBG S.A.		108,263
	71,570		Polish Oil & Gas Co		90,588
	26,671		Powszechna Kasa Oszczednosci Bank Polski S.A.		382,198
	4,061		Powszechny Zaklad Ubezpieczen S.A.		488,452
	55,386		Telekomunikacja Polska S.A.		324,184
	7,244		TVN S.A.		41,994
	7,307	*	Warsaw Stock Exchange		122,617
			TOTAL POLAND		2,725,659
RUSSIA - 6.3%
	5,232	f	AFK Sistema (GDR) (purchased 8/31/10, cost $135,263)		120,145
	13,572		CTC Media, Inc		300,077
	16,357	f	Eurasia Drilling Co Ltd (GDR) (purchased 10/6/10, cost $456,937)		495,617
	6,594	*,f	Evraz Group S.A. (GDR) (purchased 12/6/10, cost $238,639)		261,373
	102,661		Gazprom (ADR)		2,718,754
	10,537	f	Globaltrans Investment plc (GDR) (purchased 8/31/10, cost $159,202)		174,470
	19,212		LUKOIL (ADR)		1,177,277
	18,066	f	Magnit OAO (GDR) (purchased 8/31/10, cost $443,215)		472,819
	1,273	*,f	Mail.ru (GDR) (purchased 11/5/10, cost $35,950)		45,319
	14,736		Mechel Steel Group OAO (ADR)		464,626
	36,571		MMC Norilsk Nickel (ADR)		927,292
	16,834		Mobile TeleSystems (ADR)		321,697
	8,167	f	NovaTek OAO (GDR) (purchased 8/31/10, cost $695,964)		922,218
	8,618	*,f	Pharmstandard (GDR) (purchased 8/31/10, cost $211,963)		258,288
	5,078		Polyus Gold Co (ADR)		171,187
	143,284	f	Rosneft Oil Co (GDR) (purchased 8/31/10, cost $994,051)		1,225,746
	6,200	f	Sberbank (GDR) (purchased 9/29/10, cost $2,026,395)		2,351,379
	13,650	f	Severstal (GDR) (purchased 10/4/10, cost $219,002)		246,893
	11,318		Tatneft (ADR)		402,799
	12,367	*,f	TMK OAO (GDR) (purchased 8/31/10, cost $199,513)		248,826
	5,704	f	Uralkali (GDR) (purchased 1/26/11, cost $165,069)		216,028
	5,858	*,f	X 5 Retail Group NV (GDR) (purchsed 8/31/10, cost $216,135)		248,826
			TOTAL RUSSIA		13,771,656
SINGAPORE - 0.4%
	109,000	*	Indofood Agri Resources Ltd		214,334
	269,000	*	Mewah International, Inc		235,504
	138,000		Petra Foods Ltd		173,729

20

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	72,000		SembCorp Marine Ltd	$	305,116
			TOTAL SINGAPORE		928,683
SOUTH AFRICA - 5.5%
	52,223		African Bank Investments Ltd		265,589
	6,473		African Rainbow Minerals Ltd		189,695
	4,174	*	Anglo Platinum Ltd		410,052
	24,982		AngloGold Ashanti Ltd		1,073,825
	8,804		Aspen Pharmacare Holdings Ltd		104,359
	15,082		Bidvest Group Ltd		321,924
	78		Capitec Bank Holdings Ltd		1,660
	29,574		Clicks Group Ltd		163,630
	32,615		Discovery Holdings Ltd		170,979
	94,724		FirstRand Ltd		257,367
	14,543		Foschini Ltd		160,799
	37,471		Gold Reef Resorts Ltd		95,156
	47,675		Growthpoint Properties Ltd		113,798
	13,147		Harmony Gold Mining Co Ltd		143,032
	35,793		Impala Platinum Holdings Ltd		1,019,043
	11,728		Imperial Holdings Ltd		180,208
	8,225		Kumba Iron Ore Ltd		516,052
	7,431		Massmart Holdings Ltd		147,484
	13,628		Mr Price Group Ltd		107,804
	99,123		MTN Group Ltd		1,698,867
	25,664		Naspers Ltd (N Shares)		1,336,085
	51,155		Network Healthcare Holdings Ltd		102,821
	102,514		Sanlam Ltd		388,092
	31,244		Sasol Ltd		1,515,455
	48,710		Standard Bank Group Ltd		714,026
	8,312		Tiger Brands Ltd		215,041
	22,735		Truworths International Ltd		201,737
	12,804		Vodacom Group Pty Ltd		124,778
	47,538		Woolworths Holdings Ltd		155,698
			TOTAL SOUTH AFRICA		11,895,056
SWITZERLAND - 0.1%
	16,691		ING Vysya Bank Ltd		110,394
			TOTAL SWITZERLAND		110,394
TAIWAN - 9.3%
	405,000		Advanced Semiconductor Engineering, Inc		502,771
	45,000		Asustek Computer, Inc		403,639
	514,000		AU Optronics Corp		502,375
	101,000		Catcher Technology Co Ltd		416,527
	286,000		Cathay Financial Holding Co Ltd		528,736
	85,000		China Life Insurance Co Ltd (Taiwan)		88,722
	262,000		China Steel Corp		303,972
	617,000		Chinatrust Financial Holding Co		523,716
	210,400		Chunghwa Telecom Co Ltd		643,611
	135,000		Coretronic Corp		228,595
	111,000		Delta Electronics, Inc		512,015
	111,000		E.Sun Financial Holding Co Ltd		75,486

21

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	155,000		Far Eastern Department Stores Co Ltd	$	274,932
	282,000		Far Eastern Textile Co Ltd		478,242
	190,000		Far EasTone Telecommunications Co Ltd		284,489
	294,000		First Financial Holding Co Ltd		269,042
	133,000		Formosa Chemicals & Fibre Corp		483,823
	3,000		Formosa International Hotels Corp		52,000
	267,000		Formosa Plastics Corp		909,818
	240,000		Fubon Financial Holding Co Ltd		333,394
	519,000		Fuhwa Financial Holdings Co Ltd		418,218
	50,000		High Tech Computer Corp		1,680,801
	481,000		Hon Hai Precision Industry Co, Ltd		2,052,134
	17,000		Largan Precision Co Ltd		463,818
	32,000		MediaTek, Inc		434,084
	537,000		Mega Financial Holding Co Ltd		434,591
	214,000		Nan Ya Plastics Corp		589,940
	70,000		Polaris Securities Co Ltd		48,874
	36,000		President Chain Store Corp		153,318
	351,336	*	Shin Kong Financial Holding Co Ltd		177,284
	168,000		Siliconware Precision Industries Co		236,231
	59,000		Synnex Technology International Corp		155,160
	231,000	*	Taishin Financial Holdings Co Ltd		133,436
	86,000		Taiwan Fertilizer Co Ltd		321,834
	1,430,000		Taiwan Semiconductor Manufacturing Co Ltd		3,718,503
	10,000	*	TPK HOLDING CO Ltd		244,528
	204,000		Unimicron Technology Corp		421,923
	276,000		Uni-President Enterprises Corp		377,449
	634,000		Yageo Corp		331,024
			TOTAL TAIWAN		20,209,055
THAILAND - 1.9%
	151,300		AAPICO Hitech PCL		68,101
	46,300		Advanced Info Service PCL		120,357
	525,800		Amata Corp PCL (Foreign)		234,042
	134,500		Asian Property Development PCL (ADR)		25,558
	780,200		Asian Property Development PCL (Foreign)		148,255
	95,400		Bangkok Bank PCL (Foreign Reg)		466,055
	56,100		Bank of Ayudhya PCL		44,877
	12,400		Banpu PCL		295,419
	151,700		BEC World PCL (Foreign)		155,379
	114,600		CP Seven Eleven PCL		143,136
	128,500		Glow Energy PCL		167,765
	1,535,400	*	Italian-Thai Development PCL (ADR)		181,395
	14,500		Kasikornbank PCL		54,196
	26,400		Kasikornbank PCL - NVDR		98,674
	49,800		Kasikornbank PCL (Foreign)		191,061
	95,000		Krung Thai Bank PCL		48,737
	362,900		Minor International PCL (Foreign)		127,446
	273,100		Preuksa Real Estate PCL (Foreign)		146,398
	65,000		PTT Exploration & Production PCL		339,277
	38,900		PTT PCL		423,695
	16,100		Siam Cement PCL reg		174,159
	75,600		Siam Commercial Bank PCL		230,857

22

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	157,600	*	Tisco Bank PCL	$	170,513
	700		Tisco Financial Group PCL (ADR)		757
			TOTAL THAILAND		4,056,109
TURKEY - 1.6%
	11,373		Anadolu Efes Biracilik Ve Malt Sanayii AS		140,284
	6,154		BIM Birlesik Magazalar AS		197,728
	40,496	*	Boyner Buyuk Magazacilik		94,692
	5,212		Coca-Cola Icecek AS		58,435
	204,262	*	Emlak Konut Gayrimenkul Yatiri		361,560
	22,981	*	Eregli Demir ve Celik Fabrikalari TAS		72,268
	10,683		Ford Otomotiv Sanayi AS		88,685
	17,378		Haci Omer Sabanci Holding AS		74,214
	88,875		KOC Holding AS		364,437
	138,159	*	Sinpas Gayrimenkul Yatirim Ortakligi AS		184,453
	18,174		Tofas Turk Otomobil Fabrik		98,366
	5,488		Tupras Turkiye Petrol Rafine		142,650
	55,025		Turk Hava Yollari		177,363
	119,158		Turkiye Garanti Bankasi AS		532,637
	16,036		Turkiye Halk Bankasi AS		127,185
	121,047		Turkiye Is Bankasi (Series C)		381,955
	140,921	*	Yapi ve Kredi Bankasi		412,177
			TOTAL TURKEY		3,509,089
UKRAINE - 0.3%
	3,745	*	MHP S.A. (GDR)		72,428
	5,664	*,f	MHP S.A. (GDR) (purchased 11/22/10, cost $97,861)		110,109
	25,078	*,f,g	MHP S.A. 144A (GDR) (purchased 12/8/10, cost $414,490)		485,009
			TOTAL UKRAINE		667,546
UNITED KINGDOM - 0.7%
	4,198		Anglo American plc		203,920
	3,073		Anglo American plc (London)		150,663
	20,443		Antofagasta plc		460,200
	27,896	*,f,g	O’Key Group S.A. 144A (GDR) (purchased 11/2/10, cost $306,856)		350,095
	13,587		Standard Chartered plc (Hong Kong)		353,512
			TOTAL UNITED KINGDOM		1,518,390
UNITED STATES - 0.2%
	11,266	*	General Motors Co		411,096
			TOTAL UNITED STATES		411,096
			TOTAL COMMON STOCKS		206,787,012
			(Cost $192,336,514)

23

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	MATURITY DATE	VALUE
PREFERRED STOCKS - 0.6%
BRAZIL - 0.6%
	47,000	*	Ambev Cia De Bebidas Das		$	1,262,863
			TOTAL BRAZIL			1,262,863
			TOTAL PREFERRED STOCKS			1,262,863
			(Cost $1,131,791)
RIGHTS / WARRANTS - 0.0%
HONG KONG - 0.0%
	1,500		Kingboard Chemical Holdings Ltd (CW)			1,516
			TOTAL HONG KONG			1,516
THAILAND - 0.0%
	13,300		Minor International PCL Warrants			1,076
			TOTAL THAILAND			1,076
			TOTAL RIGHTS / WARRANTS			2,592
			(Cost $1,740)

PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.0%
GOVERNMENT AGENCY DEBT - 2.0%
	$4,370,000		Federal Home Loan Bank	02/01/11		4,370,000
			TOTAL GOVERNMENT AGENCY DEBT			4,370,000
			TOTAL SHORT-TERM INVESTMENTS			4,370,000
			(Cost $4,370,000)
			TOTAL INVESTMENTS - 99.8%			217,498,132
			(Cost $202,740,045)
			OTHER ASSETS & LIABILITIES, NET - 0.2%			516,561
			NET ASSETS - 100.0%		$	218,014,693
			Abbreviation(s):
			ADR - American Depositary Receipt
			GDR - Global Depositary Receipt
			NVDR - Non Voting Depository Receipt
		*	Non-income producing.
		f	Restricted security. At January 31, 2011, the value of these securities amounted to $8,692,009 or 4.0% of net assets.
		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 January 31, 2011 the value of these securities amounted to $5,910,769 or 2.71% of net assets.
		m	Indicates a security that has been deemed illiquid.

24

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
January 31, 2011

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	55,379,979		25.4	%
MATERIALS		31,122,639		14.2
INFORMATION TECHNOLOGY		28,759,116		13.2
ENERGY		26,418,063		12.2
INDUSTRIALS		20,101,891		9.2
CONSUMER DISCRETIONARY		20,294,966		9.0
CONSUMER STAPLES		12,446,297		6.1
TELECOMMUNICATION SERVICES		11,590,183		5.3
HEALTH CARE		4,198,693		1.9
UTILITIES		2,816,305		1.3
SHORT - TERM INVESTMENTS		4,370,000		2.0
OTHER ASSETS & LIABILITIES, NET		516,561		0.2
NET ASSETS	$	218,014,693		100.0	%

25

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.0%
AUTOMOBILES & COMPONENTS - 3.3%
	291,088	*	Ford Motor Co	$	4,642,854
	818,935		Johnson Controls, Inc		31,438,915
			TOTAL AUTOMOBILES & COMPONENTS		36,081,769
CAPITAL GOODS - 13.3%
	172,697		Boeing Co		11,998,988
	172,550		Caterpillar, Inc		16,739,075
	97,393		Cummins, Inc		10,311,971
	163,100		Danaher Corp		7,512,386
	444,123		Emerson Electric Co		26,149,962
	170,155	*	Jacobs Engineering Group, Inc		8,740,862
	120,551		Parker Hannifin Corp		10,778,465
	189,060		Precision Castparts Corp		27,033,689
	144,636		Roper Industries, Inc		11,236,771
	35,652		Schneider Electric S.A.		5,550,788
	129,309		United Technologies Corp		10,512,822
			TOTAL CAPITAL GOODS		146,565,779
CONSUMER DURABLES & APPAREL - 3.0%
	292,559		Burberry Group plc		5,027,783
	165,880		Jarden Corp		5,623,332
	63,024		LVMH Moet Hennessy Louis Vuitton S.A.		9,834,792
	84,622	*	Pandora AS		5,401,074
	118,791		Phillips-Van Heusen Corp		6,933,831
			TOTAL CONSUMER DURABLES & APPAREL		32,820,812
CONSUMER SERVICES - 4.5%
	102,508		Darden Restaurants, Inc		4,829,152
	225,760	*	Las Vegas Sands Corp		10,495,582
	266,699	*	Orient-Express Hotels Ltd (Class A)		3,243,060
	4,193,600	*	Sands China Ltd		10,411,097
	81,160		Sotheby’s (Class A)		3,270,748
	393,766		Starbucks Corp		12,415,442
	84,454		Starwood Hotels & Resorts Worldwide, Inc		4,980,252
			TOTAL CONSUMER SERVICES		49,645,333
DIVERSIFIED FINANCIALS - 5.3%
	58,648		BlackRock, Inc		11,613,476
	409,816		Blackstone Group LP		6,446,406
	416,982		Charles Schwab Corp		7,526,525
	59,487		Goldman Sachs Group, Inc		9,733,263
	138,200		iShares Russell 1000 Growth Index Fund		8,105,430
	244,293		JPMorgan Chase & Co		10,978,527
	77,305		Lazard Ltd (Class A)		3,225,165
			TOTAL DIVERSIFIED FINANCIALS		57,628,792

26

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
ENERGY - 8.6%
	170,880		Anadarko Petroleum Corp	$	13,171,430
	205,696		Cenovus Energy, Inc		7,119,139
	130,122	*	Concho Resources, Inc		12,524,243
	206,402		Crescent Point Energy Corp		9,120,975
	241,413		National Oilwell Varco, Inc		17,840,421
	117,652		Occidental Petroleum Corp		11,374,595
	260,174		Schlumberger Ltd		23,152,884
			TOTAL ENERGY		94,303,687
FOOD & STAPLES RETAILING - 1.4%
	215,822		Costco Wholesale Corp		15,504,652
			TOTAL FOOD & STAPLES RETAILING		15,504,652
FOOD BEVERAGE & TOBACCO - 0.7%
	142,041		InBev NV		7,837,413
			TOTAL FOOD BEVERAGE & TOBACCO		7,837,413
HEALTH CARE EQUIPMENT & SERVICES - 4.9%
	92,172	*	Edwards Lifesciences Corp		7,769,178
	367,580	*	Express Scripts, Inc		20,705,781
	219,187	*	Hologic, Inc		4,366,205
	63,324	*	Intuitive Surgical, Inc		20,447,953
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		53,289,117
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
	195,845		Estee Lauder Cos (Class A)		15,765,523
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		15,765,523
MATERIALS - 3.3%
	124,380		Air Products & Chemicals, Inc		10,852,155
	154,635		Christian Hansen Holding		3,296,572
	132,477		Dow Chemical Co		4,700,284
	80,325		Freeport-McMoRan Copper & Gold, Inc (Class B)		8,735,344
	67,590		Walter Energy, Inc		8,804,949
			TOTAL MATERIALS		36,389,304
MEDIA - 4.6%
	1,013,799	*	Interpublic Group of Cos, Inc		10,837,511
	248,784		Viacom, Inc (Class B)		10,336,975
	747,387		Walt Disney Co		29,050,933
			TOTAL MEDIA		50,225,419
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.7%
	149,766		Allergan, Inc		10,574,977
	346,708	*	Celgene Corp		17,865,863
	88,504		Novo Nordisk AS (ADR)		10,012,458
	466,277		Warner Chilcott plc		11,185,985
	433,798	*	Watson Pharmaceuticals, Inc		23,650,667
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		73,289,950

27

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
RETAILING - 3.2%
	143,422	*	Amazon.com, Inc	$	24,330,108
	25,141	*	Priceline.com, Inc		10,773,421
			TOTAL RETAILING		35,103,529
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.9%
	372,017		Applied Materials, Inc		5,836,947
	227,280		Broadcom Corp (Class A)		10,248,055
	102,500	*	First Solar, Inc		15,844,450
	361,834	*	Marvell Technology Group Ltd		6,878,464
	1,032,099	*	Micron Technology, Inc		10,878,323
	378,114	*	ON Semiconductor Corp		4,178,160
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		53,864,399
SOFTWARE & SERVICES - 13.8%
	148,498	*	Akamai Technologies, Inc		7,175,423
	201,955	*	Autodesk, Inc		8,215,529
	205,149	*	Baidu, Inc (ADR)		22,285,336
	82,078	*	Google, Inc (Class A)		49,276,348
	568,596	*	Intuit, Inc		26,684,211
	374,721	*	Nuance Communications, Inc		7,618,078
	469,216	*	Red Hat, Inc		19,388,005
	17,496	*	VMware, Inc (Class A)		1,496,258
	569,523	*	Yahoo!, Inc		9,180,711
			TOTAL SOFTWARE & SERVICES		151,319,899
TECHNOLOGY HARDWARE & EQUIPMENT - 15.7%
	159,966	*	Apple, Inc		54,279,664
	311,426	*	EMC Corp		7,751,393
	210,228	*	Finisar Corp		7,000,592
	309,405		Hewlett-Packard Co		14,136,714
	741,225	*	Juniper Networks, Inc		27,514,272
	290,437	*	NetApp, Inc		15,895,617
	295,656	*	Polycom, Inc		12,964,516
	603,969		Qualcomm, Inc		32,692,842
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		172,235,610
TRANSPORTATION - 1.4%
	273,676	*	Swift Transportation Co, Inc		3,910,830
	147,781		United Parcel Service, Inc (Class B)		10,584,075
			TOTAL TRANSPORTATION		14,494,905
			TOTAL COMMON STOCKS		1,096,365,892
			(Cost $955,410,620)

28

TIAA-CREF FUNDS - Large-Cap Growth Fund

PRINCIPAL			ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.5%
GOVERNMENT AGENCY DEBT - 1.5%
$	16,805,000		Federal Home Loan Bank	02/01/11	$	16,805,000
						16,805,000
			TOTAL SHORT-TERM INVESTMENTS			16,805,000
			(Cost $16,805,000)
			TOTAL INVESTMENTS - 101.5%			1,113,170,892
			(Cost $972,215,620)
			OTHER ASSETS & LIABILITIES, NET - (1.5)%			(16,461,098	)
			NET ASSETS - 100.0%		$	1,096,709,794
			Abbreviation(s):
			ADR - American Depositary Receipt
		*	Non-income producing.

29

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.7%
AUTOMOBILES & COMPONENTS - 1.2%
	1,194,534	*	American Axle & Manufacturing Holdings, Inc	$	17,081,836
	68,038	*	General Motors Co		2,482,707
	75,134	*	Visteon Corp		5,277,412
			TOTAL AUTOMOBILES & COMPONENTS		24,841,955
BANKS - 6.2%
	336,436		Fifth Third Bancorp		5,002,803
	536,592	*	First Horizon National Corp		6,079,587
	1,852,765		Huntington Bancshares, Inc		13,414,019
	151,856	*	MGIC Investment Corp		1,274,072
	165,268		PNC Financial Services Group, Inc		9,916,080
	205,057		TCF Financial Corp		3,063,552
	869,484		US Bancorp		23,476,068
	1,885,053		Wells Fargo & Co		61,113,418
			TOTAL BANKS		123,339,599
CAPITAL GOODS - 8.5%
	202,027		Boeing Co		14,036,836
	522,060		CAE, Inc		6,636,864
	296,502		Danaher Corp		13,656,883
	987,358	*	FIAT Industrial SpA		13,362,953
	1,927,537		General Electric Co		38,820,595
	44,247		Goodrich Corp		4,009,663
	295,194		Harsco Corp		9,525,910
	253,359		Honeywell International, Inc		14,190,637
	138,546		L-3 Communications Holdings, Inc		10,841,225
	1,023,279		Masco Corp		13,630,077
	129,674		SPX Corp		10,163,848
	341,155		Textron, Inc		8,968,965
	715,083	*	USG Corp		11,598,646
			TOTAL CAPITAL GOODS		169,443,102
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	301,216	*	Accor Services		7,202,740
	210,909		Waste Connections, Inc		6,110,034
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		13,312,774
CONSUMER DURABLES & APPAREL - 1.7%
	291,079		Jarden Corp		9,867,578
	234,903		Newell Rubbermaid, Inc		4,521,883
	2,498,415	*	Pulte Homes, Inc		19,712,494
			TOTAL CONSUMER DURABLES & APPAREL		34,101,955

30

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.5%
	105,520	*	Las Vegas Sands Corp	$	4,905,625
	862,760	*	Orient-Express Hotels Ltd (Class A)		10,491,161
	97,622		Sotheby’s (Class A)		3,934,167
	125,444	*	WMS Industries, Inc		5,262,376
	2,272,400		Wynn Macau Ltd		6,329,796
			TOTAL CONSUMER SERVICES		30,923,125
DIVERSIFIED FINANCIALS - 10.8%
	523,125		AMMB Holdings BHD		1,136,384
	3,488,418		Bank of America Corp		47,895,979
	170,738		Bank of New York Mellon Corp		5,332,148
	31,209		BlackRock, Inc		6,180,006
	887,802		Blackstone Group LP		13,965,125
	7,030,645	*	Citigroup, Inc		33,887,709
	14,281		CME Group, Inc		4,406,545
	319,706		Discover Financial Services		6,582,747
	432,423	*	E*Trade Financial Corp		7,160,925
	134,211		Goldman Sachs Group, Inc		21,959,605
	799,289		JPMorgan Chase & Co		35,920,048
	327,972		Legg Mason, Inc		10,865,712
	388,861		Morgan Stanley		11,432,513
	135,620		State Street Corp		6,336,166
	165,007		Utilities Select Sector SPDR F		5,234,022
			TOTAL DIVERSIFIED FINANCIALS		218,295,634
ENERGY - 10.8%
	196,120		Anadarko Petroleum Corp		15,116,930
	122,856		Apache Corp		14,664,092
	169,392		Baker Hughes, Inc		11,605,046
	90,314		Cabot Oil & Gas Corp		3,759,772
	261,708		Cenovus Energy, Inc		9,057,714
	24,500		Chesapeake Energy Corp		723,485
	337,255		Chevron Corp		32,015,616
	532,438	*	Cobalt International Energy, Inc		7,214,535
	70,821	*	Concho Resources, Inc		6,816,521
	181,841	*,g,m	Crescent Point Energy Corp 144A		8,035,616
	146,250	*	Denbury Resources, Inc		2,976,188
	43,756	*	Devon Energy Corp		3,880,720
	358,914		El Paso Corp		5,699,554
	179,244		Ensco International plc (ADR)		9,740,119
	54,792		Exxon Mobil Corp		4,420,619
	425,906		Marathon Oil Corp		19,463,904
	264,848		Occidental Petroleum Corp		25,605,504
	56,432		Questar Market Resources, Inc		2,293,396
	3,279		Southern Union Co		87,615
	76,711	*	Southwestern Energy Co		3,030,085
	9,767		Spectra Energy Corp		256,188
	900,725	*	Weatherford International Ltd		21,365,197
	190,151	*	Western Refining, Inc		2,316,039
	221,140		Williams Cos, Inc		5,968,569
			TOTAL ENERGY		216,113,024

31

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.7%
	620,446		CVS Corp	$	21,219,254
	128,253		Kroger Co		2,744,614
	182,417		Wal-Mart Stores, Inc		10,228,121
			TOTAL FOOD & STAPLES RETAILING		34,191,989
FOOD BEVERAGE & TOBACCO - 4.6%
	174,392		Altria Group, Inc		4,099,956
	108,130		Coca-Cola Co		6,795,971
	327,805		General Mills, Inc		11,401,058
	833,736		Kraft Foods, Inc (Class A)		25,487,309
	40,201		Lorillard, Inc		3,024,723
	655,162		PepsiCo, Inc		42,133,468
			TOTAL FOOD BEVERAGE & TOBACCO		92,942,485
HEALTH CARE EQUIPMENT & SERVICES - 4.5%
	3,326,540	*	Boston Scientific Corp		23,219,249
	743,174	*	Hologic, Inc		14,804,026
	183,858		McKesson Corp		13,820,606
	949,428		UnitedHealth Group, Inc		38,974,019
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		90,817,900
HOUSEHOLD & PERSONAL PRODUCTS - 3.1%
	849,455		Procter & Gamble Co		53,626,094
	144,289		Reckitt Benckiser Group plc		7,842,449
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		61,468,543
INSURANCE - 5.4%
	190,783		ACE Ltd		11,750,325
	1,213	*	Aegon NV		8,976
	3,344,400	*	AIA Group Ltd		9,201,052
	314,284		Allstate Corp		9,786,804
	157,984		Axis Capital Holdings Ltd		5,621,071
	122,389		Chubb Corp		7,089,995
	304,611	*	Genworth Financial, Inc (Class A)		4,133,571
	168,261		Lincoln National Corp		4,852,647
	64,960		Max Capital Group Ltd		1,399,888
	465,019		Metlife, Inc		21,283,920
	61,610		PartnerRe Ltd		5,044,627
	368,259		Prudential Financial, Inc		22,651,610
	70,223		RenaissanceRe Holdings Ltd		4,608,033
	21,233		Transatlantic Holdings, Inc		1,092,438
			TOTAL INSURANCE		108,524,957
MATERIALS - 3.2%
	97,738		Ashland, Inc		5,674,668
	200,781		Dow Chemical Co		7,123,710
	75,864		Du Pont (E.I.) de Nemours & Co		3,844,788
	288,027	*	Ferro Corp		4,441,376
	277,332	*	Georgia Gulf Corp		7,385,352

32

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	64,717		Schnitzer Steel Industries, Inc (Class A)	$	3,993,039
	325,776		Sonoco Products Co		11,581,337
	127,911		Walter Energy, Inc		16,662,966
	124,017	*	WR Grace & Co		4,401,363
			TOTAL MATERIALS		65,108,599
MEDIA - 2.9%
	589,278		Comcast Corp (Class A)		13,406,075
	118,065		DISH Network Corp (Class A)		2,492,352
	377,062		News Corp (Class A)		5,663,471
	299,474		Viacom, Inc (Class B)		12,443,145
	601,255		Walt Disney Co		23,370,781
			TOTAL MEDIA		57,375,824
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	397	*	Affymax, Inc		2,644
	90,468	*	Amgen, Inc		4,982,977
	1,396,146	*	Biovitrum AB		7,986,235
	470,931		Johnson & Johnson		28,147,546
	114,902		Lonza Group AG.		9,056,637
	353,695		Merck & Co, Inc		11,732,063
	255,525	*	Mylan Laboratories, Inc		5,917,959
	2,819,061		Pfizer, Inc		51,363,291
	327,647	*	Vanda Pharmaceuticals, Inc		2,624,452
	513,437		Warner Chilcott plc		12,317,354
	374,467	*	Watson Pharmaceuticals, Inc		20,415,941
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		154,547,099
REAL ESTATE - 1.8%
	10,028		Boston Properties, Inc		946,342
	1,296,287		Chimera Investment Corp		5,444,405
	125,144		General Growth Properties, Inc		1,853,383
	471,952		Kimco Realty Corp		8,537,612
	32,727		Plum Creek Timber Co, Inc		1,370,279
	74,311		Rayonier, Inc		4,399,954
	19,732		Regency Centers Corp		850,647
	9,000		Simon Property Group, Inc		913,050
	74,554		SL Green Realty Corp		5,424,549
	175,821		Starwood Property Trust, Inc		3,957,731
	1,326,087	*	Unitech Corporate Parks plc		589,990
	19,873		Vornado Realty Trust		1,750,613
			TOTAL REAL ESTATE		36,038,555
RETAILING - 0.8%
	640,204		Lowe’s Cos, Inc		15,877,060
	151,001	*	Talbots, Inc		824,465
			TOTAL RETAILING		16,701,525
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.8%
	17,343	*	Inphi Corp		328,303
	422,636		Intel Corp		9,069,769

33

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	765,959	*	Micron Technology, Inc	$	8,073,208
	1,281,786	*	RF Micro Devices, Inc		8,613,602
	13,750,045		Solomon Systech International Ltd		858,149
	234,803	*	Spansion, Inc		4,667,884
	270,666	*	Verigy Ltd		3,610,684
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		35,221,599
SOFTWARE & SERVICES - 5.3%
	101,262	*	Alliance Data Systems Corp		7,163,274
	988,710	*	AOL, Inc		23,254,459
	294,759	*	Autonomy Corp plc		7,065,898
	335,785		CA, Inc		7,991,683
	116,640		DST Systems, Inc		5,547,398
	613,141	*	eBay, Inc		18,614,961
	6,629	*	Fortinet, Inc		254,885
	79,955		Global Payments, Inc		3,777,074
	184,707	*	GSI Commerce, Inc		4,255,649
	505,171		Microsoft Corp		14,005,866
	867,977	*	Yahoo!, Inc		13,991,789
			TOTAL SOFTWARE & SERVICES		105,922,936
TECHNOLOGY HARDWARE & EQUIPMENT - 2.6%
	404,144	*	AU Optronics Corp (ADR)		3,879,783
	116,068	*	Ciena Corp		2,556,978
	140,515		Corning, Inc		3,120,838
	160,359	*	JDS Uniphase Corp		2,721,292
	86,625	*	Motorola Mobility Holdings, Inc		2,414,239
	99,000	*	Motorola, Inc		3,838,230
	760,353	*	Seagate Technology, Inc		10,644,942
	518,369	*	Smart Technologies, Inc (Class A)		4,883,036
	86,839	*	Western Digital Corp		2,954,263
	1,533,770		Xerox Corp		16,288,637
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		53,302,238
TELECOMMUNICATION SERVICES - 4.9%
	1,177,315		AT&T, Inc		32,399,709
	220,290		Frontier Communications Corp		2,020,059
	1,164,759		Qwest Communications International, Inc		8,304,732
	169,000		Softbank Corp		5,808,935
	3,083,188	*	Sprint Nextel Corp		13,936,010
	1,023,373		Verizon Communications, Inc		36,452,546
			TOTAL TELECOMMUNICATION SERVICES		98,921,991
TRANSPORTATION - 1.2%
	142,053		Con-way, Inc		4,832,643
	520,713	*	Swift Transportation Co, Inc		7,440,989
	508,539		UTI Worldwide, Inc		11,137,004
			TOTAL TRANSPORTATION		23,410,636
UTILITIES - 4.7%
	110,993		American Electric Power Co, Inc		3,960,230

34

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	MATURITY DATE	VALUE
	559,411		Centerpoint Energy, Inc		$	9,034,488
	194,022		Constellation Energy Group, Inc			6,257,210
	22,249		Entergy Corp			1,605,710
	109,347		Exelon Corp			4,648,341
	259,309		FirstEnergy Corp			10,144,169
	122,066		NextEra Energy, Inc			6,525,648
	278,214		NV Energy, Inc			3,997,935
	156,009		PG&E Corp			7,220,097
	650,734		Public Service Enterprise Group, Inc			21,103,304
	56,432		Questar Corp			983,610
	4,438,255	*	RRI Energy, Inc			18,374,375
	42,791		Sempra Energy			2,228,127
	59,292		Xcel Energy, Inc			1,397,512
			TOTAL UTILITIES			97,480,756
			TOTAL COMMON STOCKS			1,962,348,800
			(Cost $1,805,517,292)

PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.2%
GOVERNMENT AGENCY DEBT - 2.2%
$	44,650,000		Federal Home Loan Bank	02/01/11		44,650,000
						44,650,000
			TOTAL SHORT-TERM INVESTMENTS			44,650,000
			(Cost $44,650,000)
			TOTAL INVESTMENTS - 99.9%			2,006,998,800
			(Cost $1,850,167,292)
			OTHER ASSETS & LIABILITIES, NET - 0.1%			2,370,093
			NET ASSETS - 100.0%		$	2,009,368,893
			Abbreviation(s):
			ADR - American Depositary Receipt
			SPDR - Standard & Poor’s Depository Receipts
		*	Non-income producing.
		b	In bankruptcy.
		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 January 31, 2011 the value of these securities amounted to $8,035,616 or 0.40% of net assets.
		m	Indicates a security that has been deemed illiquid.

35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
BANKS - 1.3%
	773,890		CapitalSource, Inc	$	5,974,431
	1,471,664		Huntington Bancshares, Inc		10,654,847
			TOTAL BANKS		16,629,278
CAPITAL GOODS - 13.8%
	151,738		Cooper Industries plc		9,295,470
	199,216		Cummins, Inc		21,092,991
	277,384	*	DigitalGlobe, Inc		8,518,463
	88,791		Flowserve Corp		11,097,987
	111,976		Goodrich Corp		10,147,265
	158,404		ITT Industries, Inc		9,333,164
	165,370	*	Jacobs Engineering Group, Inc		8,495,057
	148,390		Joy Global, Inc		12,936,640
	192,873		KBR, Inc		6,191,223
	100,888	*	Middleby Corp		8,253,647
	344,607	*	Quanta Services, Inc		8,177,524
	100,200		Regal-Beloit Corp		6,687,348
	143,235		Roper Industries, Inc		11,127,927
	328,549	*	Sensata Technologies Holding BV		10,352,579
	77,566		Snap-On, Inc		4,392,563
	126,747		Timken Co		5,959,644
	158,652		TransDigm Group, Inc		12,292,356
	205,280		Trinity Industries, Inc		5,725,259
			TOTAL CAPITAL GOODS		170,077,107
COMMERCIAL & PROFESSIONAL SERVICES - 2.9%
	68,984	*	Clean Harbors, Inc		6,211,319
	280,144	*	Higher One Holdings, Inc		5,328,339
	98,354		Manpower, Inc		6,350,718
	210,648		Republic Services, Inc		6,496,385
	51,607	*	Stericycle, Inc		4,050,633
	22,600	*	Tetra Tech, Inc		523,077
	207,953	*	Verisk Analytics, Inc		7,035,050
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		35,995,521
CONSUMER DURABLES & APPAREL - 7.8%
	225,997		Coach, Inc		12,224,178
	76,861	*	Deckers Outdoor Corp		5,640,829
	101,588	*	Fossil, Inc		7,217,827
	300,191	*	Hanesbrands, Inc		6,910,397
	282,215		Hasbro, Inc		12,442,859
	566,035	*	Iconix Brand Group, Inc		11,235,795
	261,316		Jarden Corp		8,858,612
	292,574		Newell Rubbermaid, Inc		5,632,050

36

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	143,364	*	Pandora AS	$	9,150,333
	172,009		Tupperware Corp		7,869,412
	169,739	*	Warnaco Group, Inc		8,670,268
			TOTAL CONSUMER DURABLES & APPAREL		95,852,560
CONSUMER SERVICES - 1.9%
	172,989		Darden Restaurants, Inc		8,149,512
	277,211	*	Gaylord Entertainment Co		9,242,215
	139,278	*	WMS Industries, Inc		5,842,712
			TOTAL CONSUMER SERVICES		23,234,439
DIVERSIFIED FINANCIALS - 5.9%
	122,879	*	Affiliated Managers Group, Inc		12,512,769
	358,752	*	Financial Engines, Inc		8,136,495
	67,554	*	Green Dot Corp		4,249,822
	566,486		iShares Russell Midcap Growth Index Fund		32,686,242
	293,813		Lazard Ltd (Class A)		12,257,878
	50,165	*	Portfolio Recovery Associates, Inc		3,618,903
			TOTAL DIVERSIFIED FINANCIALS		73,462,109
ENERGY - 5.1%
	295,732	*	Cobalt International Energy, Inc		4,007,169
	147,134	*	Concho Resources, Inc		14,161,647
	193,469		Crescent Point Energy Corp		8,549,461
	30,443	*,g,m	Crescent Point Energy Corp 144A		1,345,287
	492,048	*	Denbury Resources, Inc		10,013,177
	117,786		Saipem S.p.A.		5,885,185
	123,913		Schlumberger Ltd		11,027,018
	369,927		Tullow Oil plc		7,870,236
			TOTAL ENERGY		62,859,180
FOOD & STAPLES RETAILING - 0.3%
	77,853		Whole Foods Market, Inc		4,025,779
			TOTAL FOOD & STAPLES RETAILING		4,025,779
FOOD BEVERAGE & TOBACCO - 1.1%
	137,205		Dr Pepper Snapple Group, Inc		4,861,173
	94,834	*	Hansen Natural Corp		5,371,398
	47,296		Lorillard, Inc		3,558,551
			TOTAL FOOD BEVERAGE & TOBACCO		13,791,122
HEALTH CARE EQUIPMENT & SERVICES - 7.6%
	96,905	*	Air Methods Corp		4,965,412
	153,657	*	Edwards Lifesciences Corp		12,951,749
	122,272	*	Emergency Medical Services Corp (Class A)		8,253,360
	205,017	*	Hanger Orthopedic Group, Inc		4,213,099
	148,588	*	Humana, Inc		8,613,646
	43,701	*	Intuitive Surgical, Inc		14,111,489
	200,000	*,m	MBF Healthcare Acquisition Corp		0
	249,796	*	MedAssets, Inc		4,903,495
	154,334	*	Pediatrix Medical Group, Inc		10,209,195

37

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	316,889	*	Resmed, Inc	$	9,978,835
	202,265	*	Sirona Dental Systems, Inc		8,861,230
	323,524	*	Thoratec Corp		7,631,931
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		94,693,441
HOUSEHOLD & PERSONAL PRODUCTS - 1.3%
	132,893		Herbalife Ltd		8,681,900
	234,311		Nu Skin Enterprises, Inc (Class A)		7,048,075
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		15,729,975
MATERIALS - 7.6%
	152,677		Albemarle Corp		8,574,340
	96,664		Aptargroup, Inc		4,645,672
	153,235		Ashland, Inc		8,896,824
	116,416		Barrick Gold Corp		5,530,924
	87,470		Cytec Industries, Inc		4,770,614
	285,364		Ecolab, Inc		14,179,738
	61,923		Freeport-McMoRan Copper & Gold, Inc (Class B)		6,734,126
	156,549		International Flavors & Fragrances, Inc		8,931,120
	93,939		Schnitzer Steel Industries, Inc (Class A)		5,796,036
	90,516		Schweitzer-Mauduit International, Inc		5,427,339
	500,105	*	STR Holdings, Inc		9,141,919
	84,976		Walter Energy, Inc		11,069,824
			TOTAL MATERIALS		93,698,476
MEDIA - 1.9%
	192,380	*	Discovery Communications, Inc (Class C)		6,533,225
	1,237,445	*	Interpublic Group of Cos, Inc		13,228,287
	109,972	*	Lamar Advertising Co (Class A)		4,051,368
			TOTAL MEDIA		23,812,880
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.4%
	160,528	*	Dendreon Corp		5,624,901
	126,725	*	Hospira, Inc		6,999,022
	283,243	*	Human Genome Sciences, Inc		6,871,475
	126,989	*	Illumina, Inc		8,805,417
	195,829	*	Life Technologies Corp		10,631,557
	194,536	*	Vertex Pharmaceuticals, Inc		7,565,505
	476,595		Warner Chilcott plc		11,433,514
	160,783	*	Watson Pharmaceuticals, Inc		8,765,889
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		66,697,280
REAL ESTATE - 0.9%
	193,312	*	Forest City Enterprises, Inc (Class A)		3,268,906
	71,368		Public Storage, Inc		7,777,685
			TOTAL REAL ESTATE		11,046,591
RETAILING - 7.0%
	195,207	*	Dick’s Sporting Goods, Inc		7,045,021
	167,053	*	Kohl’s Corp		8,482,951
	285,372	*	Liberty Media Holding Corp (Interactive A)		4,520,292

38

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	523,911	*	LKQ Corp	$	12,657,690
	283,564		Monro Muffler, Inc		9,380,297
	148,343		Nordstrom, Inc		6,108,765
	155,438	*	O'Reilly Automotive, Inc		8,833,542
	20,371	*	Priceline.com, Inc		8,729,381
	606,728	*	Sally Beauty Holdings, Inc		7,984,540
	114,553		Tiffany & Co		6,658,966
	159,478	*	Ulta Salon Cosmetics & Fragrance, Inc		5,907,065
			TOTAL RETAILING		86,308,510
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.3%
	277,248	*	Cavium Networks, Inc		10,962,386
	95,080	*	First Solar, Inc		14,697,467
	542,997	*	Marvell Technology Group Ltd		10,322,373
	391,831	*	Micron Technology, Inc		4,129,899
	158,156	*	Omnivision Technologies, Inc		4,085,169
	265,620	*	Skyworks Solutions, Inc		8,438,747
	22,037	*	Zoran Corp		209,131
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		52,845,172
SOFTWARE & SERVICES - 15.9%
	189,717	*	Akamai Technologies, Inc		9,167,125
	111,739	*	Alliance Data Systems Corp		7,904,417
	159,407	*	Amadeus IT Holding S.A.		3,351,785
	253,547	*	Ancestry.com, Inc		9,026,273
	223,539	*	Ansys, Inc		11,724,621
	434,144	*	Ariba, Inc		12,195,105
	200,904	*	BMC Software, Inc		9,583,121
	191,389	*	Check Point Software Technologies		8,526,380
	76,878	*	Equinix, Inc		6,797,553
	195,457	*	Fortinet, Inc		7,515,322
	562,319	*	Nuance Communications, Inc		11,431,945
	178,348	*	QLIK Technologies, Inc		4,139,457
	262,607	*	Rackspace Hosting, Inc		8,799,961
	400,000	*	Radiant Systems, Inc		7,300,000
	218,443	*	Red Hat, Inc		9,026,065
	470,216	*	SolarWinds, Inc		8,887,082
	203,311		Solera Holdings, Inc		10,639,265
	334,762	*	SuccessFactors, Inc		9,748,269
	268,095	*	VeriFone Holdings, Inc		10,707,714
	277,418	*	VistaPrint Ltd		14,048,447
	676,005		Western Union Co		13,709,381
			TOTAL SOFTWARE & SERVICES		194,229,288
TECHNOLOGY HARDWARE & EQUIPMENT - 4.9%
	283,428	*	Aruba Networks, Inc		6,107,873
	48,904	*	F5 Networks, Inc		5,300,216
	329,709	*	Flir Systems, Inc		10,234,167
	327,736	*	NetApp, Inc		17,936,991
	237,300		Plantronics, Inc		8,400,420
	252,186	*	Trimble Navigation Ltd		11,620,731
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		59,600,398

39

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 1.6%
	242,047	*	Crown Castle International Corp	$	10,207,122
	229,242	*	SBA Communications Corp (Class A)		9,353,074
			TOTAL TELECOMMUNICATION SERVICES		19,560,196
TRANSPORTATION - 1.1%
	114,849	*	Atlas Air Worldwide Holdings, Inc		5,835,478
	306,592	*	UAL Corp		7,787,437
			TOTAL TRANSPORTATION		13,622,915
			TOTAL COMMON STOCKS		1,227,772,217
			(Cost $996,819,901)
			TOTAL INVESTMENTS - 99.6%		1,227,772,217
			(Cost $996,819,901)
			OTHER ASSETS & LIABILITIES, NET - 0.4%		5,016,788
			NET ASSETS - 100.0%	$	1,232,789,005
		*	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 January 31, 2011 the value of these securities amounted to $1,345,287 or 0.11% of net assets.
		m	Indicates a security that has been deemed illiquid.

40

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS
MID-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 2.0%
	475,000	*	American Axle & Manufacturing Holdings, Inc	$	6,792,500
	150,000		Autoliv, Inc		11,520,000
	310,000		Cooper Tire & Rubber Co		7,086,600
	260,000	*	Ford Motor Co		4,147,000
	166,007	*	General Motors Co		6,057,595
	90,000	*	Lear Corp (New)		9,506,700
	80,000		Magna International, Inc - Class A (NY)		4,669,600
			TOTAL AUTOMOBILES & COMPONENTS		49,779,995
BANKS - 6.0%
	255,000		Associated Banc-Corp		3,564,900
	22,759	*	BankUnited		637,252
	142,524		Capitol Federal Financial		1,737,368
	355,000	*	CIT Group, Inc		16,929,950
	360,000		Comerica, Inc		13,752,000
	67,261		Cullen/Frost Bankers, Inc		3,886,341
	1,152,623		Fifth Third Bancorp		17,139,504
	656,089	*	First Horizon National Corp		7,433,488
	430,000		Hudson City Bancorp, Inc		4,721,400
	4,060,000		Huntington Bancshares, Inc		29,394,400
	133,000		PNC Financial Services Group, Inc		7,980,000
	1,270,000		Regions Financial Corp		9,017,000
	505,000		SunTrust Banks, Inc		15,367,150
	849,888		TCF Financial Corp		12,697,327
	290,000		TFS Financial Corp		2,827,500
	95,500		US Bancorp		2,578,500
	180,000		Valley National Bancorp		2,435,400
			TOTAL BANKS		152,099,480
CAPITAL GOODS - 8.6%
	130,000	*	AGCO Corp		6,591,000
	195,000		Armstrong World Industries, Inc		7,918,950
	142,500	*	Babcock & Wilcox Co		4,168,125
	243,000		Cooper Industries plc		14,886,180
	110,000		Cummins, Inc		11,646,800
	40,000		Curtiss-Wright Corp		1,388,000
	120,000		Eaton Corp		12,955,200
	122,000	*	Foster Wheeler AG.		4,490,820
	113,000		Goodrich Corp		10,240,060
	255,000		Harsco Corp		8,228,850
	378,000		Ingersoll-Rand plc		17,841,600
	175,000		ITT Industries, Inc		10,311,000
	53,000		Joy Global, Inc		4,620,540
	665,000		KBR, Inc		21,346,500

41

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	740,000		Masco Corp	$	9,856,800
	36,000		Pall Corp		1,994,760
	135,000		Parker Hannifin Corp		12,070,350
	150,000		Pentair, Inc		5,425,500
	75,000		Precision Castparts Corp		10,724,250
	128,000		Rockwell Collins, Inc		8,209,920
	220,000	*	Spirit Aerosystems Holdings, Inc (Class A)		5,196,400
	360,000		Textron, Inc		9,464,400
	44,176		Vallourec		4,801,095
	195,000	*	WABCO Holdings, Inc		11,388,000
			TOTAL CAPITAL GOODS		215,765,100
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	42,000		Dun & Bradstreet Corp		3,567,900
	469,763		Republic Services, Inc		14,487,491
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		18,055,391
CONSUMER DURABLES & APPAREL - 2.2%
	600,000		DR Horton, Inc		7,434,000
	80,000		Fortune Brands, Inc		4,934,400
	227,000		Jarden Corp		7,695,300
	77,000	*	Mohawk Industries, Inc		4,277,350
	395,000		Newell Rubbermaid, Inc		7,603,750
	7,100	*	NVR, Inc		5,431,500
	190,000	*	Tempur-Pedic International, Inc		8,291,600
	73,000		VF Corp		6,038,560
	62,000		Whirlpool Corp		5,301,000
			TOTAL CONSUMER DURABLES & APPAREL		57,007,460
CONSUMER SERVICES - 1.2%
	193,000		Darden Restaurants, Inc		9,092,230
	419,031	*	Orient-Express Hotels Ltd (Class A)		5,095,417
	110,000	*	Penn National Gaming, Inc		3,930,300
	120,000	*	Royal Caribbean Cruises Ltd		5,388,000
	115,000		Starwood Hotels & Resorts Worldwide, Inc		6,781,550
			TOTAL CONSUMER SERVICES		30,287,497
DIVERSIFIED FINANCIALS - 2.8%
	215,000		Ameriprise Financial, Inc		13,254,750
	165,000		Capital One Financial Corp		7,946,400
	1,265,000		Discover Financial Services		26,046,350
	210,000	*	E*Trade Financial Corp		3,477,600
	590,000		Invesco Ltd		14,596,600
	85,000		Jefferies Group, Inc		2,125,850
	170,000		TD Ameritrade Holding Corp		3,471,400
			TOTAL DIVERSIFIED FINANCIALS		70,918,950
ENERGY - 11.0%
	115,000		Anadarko Petroleum Corp		8,864,200
	130,000		Baker Hughes, Inc		8,906,300
	230,000		Berry Petroleum Co (Class A)		10,734,100

42

TIAA-CREF FUNDS - Mid-Cap Value Fund

	SHARES		COMPANY	VALUE
	85,000		Cabot Oil & Gas Corp	$	3,538,550
	100,000	*	Cameron International Corp		5,330,000
	250,000	*	Cobalt International Energy, Inc		3,387,500
	214,000	*	Concho Resources, Inc		20,597,500
	182,000		Crescent Point Energy Corp		8,042,642
	60,059	*,g,m	Crescent Point Energy Corp 144A		2,654,028
	300,000		Crude Carriers Corp		4,668,000
	455,000	*	Denbury Resources, Inc		9,259,250
	115,000	*	Dril-Quip, Inc		8,868,800
	565,000		El Paso Corp		8,972,200
	110,000		Ensco International plc (ADR)		5,977,400
	73,000	*	FMC Technologies, Inc		6,862,000
	360,000	*	Forest Oil Corp		13,968,000
	32,000		Hess Corp		2,691,840
	170,000		Massey Energy Co		10,686,200
	285,000	*	McDermott International, Inc		5,922,300
	97,000		Murphy Oil Corp		6,431,100
	130,000	*	Nabors Industries Ltd		3,172,000
	200,000		Noble Energy, Inc		18,220,000
	230,000	*	Plains Exploration & Production Co		8,142,000
	510,000	*	Pride International, Inc		16,575,000
	186,590		Questar Market Resources, Inc		7,583,018
	495,000	*	Rowan Cos, Inc		16,968,600
	250,000		Southern Union Co		6,680,000
	820,000		Spectra Energy Corp		21,508,600
	218,213		Tullow Oil plc		4,642,504
	1,400,000	*	Vantage Drilling Co		2,604,000
	550,000	*	Weatherford International Ltd		13,046,000
	140,000		Williams Cos, Inc		3,778,600
			TOTAL ENERGY		279,282,232
FOOD & STAPLES RETAILING - 0.3%
	295,000		Kroger Co		6,313,000
			TOTAL FOOD & STAPLES RETAILING		6,313,000
FOOD BEVERAGE & TOBACCO - 4.9%
	390,000		ConAgra Foods, Inc		8,708,700
	120,000		Corn Products International, Inc		5,535,600
	1,220,000		Del Monte Foods Co		23,131,200
	265,000		H.J. Heinz Co		12,587,500
	75,000		Hershey Co		3,501,750
	145,000		Hormel Foods Corp		7,163,000
	372,019		Lorillard, Inc		27,990,710
	95,000	*	Ralcorp Holdings, Inc		5,814,000
	250,000		Reynolds American, Inc		7,952,500
	110,000		Sanderson Farms, Inc		4,522,100
	580,000	*	Smithfield Foods, Inc		11,547,800
	320,000		Tyson Foods, Inc (Class A)		5,264,000
	310,000		Westway Group, Inc		1,255,500
			TOTAL FOOD BEVERAGE & TOBACCO		124,974,360

43

TIAA-CREF FUNDS - Mid-Cap Value Fund

	SHARES		COMPANY		VALUE
HEALTH CARE EQUIPMENT & SERVICES - 3.6%
	965,000	*	Boston Scientific Corp	$	6,735,700
	107,000	*	DaVita, Inc		7,901,950
	150,000	*	Edwards Lifesciences Corp		12,643,500
	545,000	*	Health Net, Inc		15,548,850
	605,000	*	Healthsouth Corp		13,685,100
	800,000	*	Hologic, Inc		15,936,000
	520,000	*	PSS World Medical, Inc		12,391,600
	120,000		Universal Health Services, Inc (Class B)		5,052,000
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		89,894,700
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	710,000		Alberto-Culver Co		26,447,500
	192,288		Nu Skin Enterprises, Inc (Class A)		5,784,023
	225,000		Reckitt Benckiser Group plc		12,229,283
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		44,460,806
INSURANCE - 8.6%
	150,000		ACE Ltd		9,238,500
	205,000		AON Corp		9,376,700
	115,000	*	Arch Capital Group Ltd		10,148,750
	142,000		Aspen Insurance Holdings Ltd		4,267,100
	375,000		Assurant, Inc		14,711,250
	255,000		Axis Capital Holdings Ltd		9,072,900
	116,373		Cincinnati Financial Corp		3,728,591
	91,000		Everest Re Group Ltd		7,669,480
	280,000	*	Genworth Financial, Inc (Class A)		3,799,600
	103,000		Hanover Insurance Group, Inc		4,871,900
	333,000		Hartford Financial Services Group, Inc		9,250,740
	265,000		Lincoln National Corp		7,642,600
	490,000		Marsh & McLennan Cos, Inc		13,661,200
	330,000		Max Capital Group Ltd		7,111,500
	154,000		PartnerRe Ltd		12,609,520
	255,000		Principal Financial Group		8,356,350
	420,000		Progressive Corp		8,320,200
	236,000		Prudential Financial, Inc		14,516,360
	195,000		RenaissanceRe Holdings Ltd		12,795,900
	670,000		UnumProvident Corp		16,709,800
	128,126		Validus Holdings Ltd		3,895,030
	960,000		XL Capital Ltd		22,003,200
			TOTAL INSURANCE		213,757,171
MATERIALS - 8.1%
	60,000		Airgas, Inc		3,760,200
	145,000		Anglo American plc (London)		7,109,056
	310,000		Ashland, Inc		17,998,600
	145,877	*	Chemtura		2,434,687
	254,718		Christian Hansen Holding		5,430,182
	340,000	*	Crown Holdings, Inc		11,342,400
	320,000		Cytec Industries, Inc		17,452,800
	108,000		Eastman Chemical Co		10,028,880
	650,000	*	Ferro Corp		10,023,000
	62,533		FMC Corp		4,756,260

44

TIAA-CREF FUNDS - Mid-Cap Value Fund

	SHARES		COMPANY		VALUE
	390,000	*	Georgia Gulf Corp	$	10,385,700
	398,172	*	Graham Packaging Co, Inc		6,940,138
	1,000,000		MacArthur Coal Ltd		12,474,254
	139,186		MeadWestvaco Corp		3,984,895
	98,000		PPG Industries, Inc		8,259,440
	117,000		Schnitzer Steel Industries, Inc (Class A)		7,218,900
	210,000	*	Solutia, Inc		4,918,200
	370,000		Temple-Inland, Inc		8,876,300
	243,000		Walter Energy, Inc		31,655,610
	540,000	*	WR Grace & Co		19,164,600
			TOTAL MATERIALS		204,214,102
MEDIA - 3.3%
	370,000		Cablevision Systems Corp (Class A)		12,524,500
	965,000		CBS Corp (Class B)		19,135,950
	690,000		DISH Network Corp (Class A)		14,565,900
	1,440,000	*	Interpublic Group of Cos, Inc		15,393,600
	325,000	*	Liberty Global, Inc (Class A)		13,182,000
	570,000		Pearson plc		9,379,889
			TOTAL MEDIA		84,181,839
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 3.8%
	750,000	*	Biovitrum AB		4,290,150
	135,594	*	Bruker BioSciences Corp		2,372,895
	320,000	*	Forest Laboratories, Inc		10,323,200
	205,000	*	Hospira, Inc		11,322,150
	560,000		Laboratorios Almirall S.A.		6,474,318
	220,000	*	Mylan Laboratories, Inc		5,095,200
	465,000		PerkinElmer, Inc		11,894,700
	197,000		Shire plc (ADR)		15,624,070
	370,000		Warner Chilcott plc		8,876,300
	310,000	*	Watson Pharmaceuticals, Inc		16,901,200
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		93,174,183
REAL ESTATE - 8.4%
	290,000	*	American Assets Trust,Inc		6,174,100
	1,103,441		Annaly Mortgage Management, Inc		19,674,353
	225,000		Boston Properties, Inc		21,233,250
	360,000		Brookfield Properties Corp		6,332,400
	2,450,000		Chimera Investment Corp		10,290,000
	350,000		Equity Residential		18,966,500
	60,000		Essex Property Trust, Inc		6,960,000
	250,000	*	Forestar Real Estate Group, Inc		4,665,000
	500,000		General Growth Properties, Inc		7,405,000
	750,000		Host Marriott Corp		13,882,500
	325,000		Kilroy Realty Corp		12,395,500
	570,000		Kimco Realty Corp		10,311,300
	160,000		Macerich Co		7,785,600
	100,000		Plum Creek Timber Co, Inc		4,187,000
	63,000		Public Storage, Inc		6,865,740
	90,000		Rayonier, Inc		5,328,900
	90,000		Regency Centers Corp		3,879,900

45

TIAA-CREF FUNDS - Mid-Cap Value Fund

	SHARES		COMPANY		VALUE
	128,000		SL Green Realty Corp	$	9,313,280
	130,000		Taubman Centers, Inc		6,805,500
	245,000		Vornado Realty Trust		21,582,050
	290,000		Weingarten Realty Investors		7,110,800
			TOTAL REAL ESTATE		211,148,673
RETAILING - 2.8%
	41,209	*	Children’s Place Retail Stores, Inc		1,726,245
	460,000		Foot Locker, Inc		8,215,600
	180,000		Gap, Inc		3,468,600
	470,000	*	Liberty Media Holding Corp (Interactive A)		7,444,800
	565,000		Limited Brands, Inc		16,520,600
	730,000		Macy’s, Inc		16,899,500
	160,000		Nordstrom, Inc		6,588,800
	315,000		RadioShack Corp		4,772,250
	130,000		TJX Companies, Inc		6,160,700
			TOTAL RETAILING		71,797,095
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	110,000		Analog Devices, Inc		4,271,300
	410,000	*	Fairchild Semiconductor International, Inc		7,298,000
	144,131	*	Marvell Technology Group Ltd		2,739,930
	191,633		Maxim Integrated Products, Inc		4,947,964
	1,000,000	*	Micron Technology, Inc		10,540,000
	350,000	*	Teradyne, Inc		5,838,000
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		35,635,194
SOFTWARE & SERVICES - 2.5%
	114,000	*	Alliance Data Systems Corp		8,064,360
	90,000	*	AOL, Inc		2,116,800
	175,000		CA, Inc		4,165,000
	110,000	*	CACI International, Inc (Class A)		6,103,900
	253,655		Computer Sciences Corp		13,517,275
	400,000		Earthlink, Inc		3,412,000
	270,000	*	IAC/InterActiveCorp		7,638,300
	250,000	*	Teradata Corp		10,747,500
	384,000		Western Union Co		7,787,520
			TOTAL SOFTWARE & SERVICES		63,552,655
TECHNOLOGY HARDWARE & EQUIPMENT - 2.0%
	146,000	*	Arrow Electronics, Inc		5,518,800
	65,559	*	Juniper Networks, Inc		2,433,550
	569,988	*	Seagate Technology, Inc		7,979,832
	450,000		Tellabs, Inc		2,385,000
	267,000		Tyco Electronics Ltd		9,673,410
	2,080,000		Xerox Corp		22,089,600
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		50,080,192
TELECOMMUNICATION SERVICES - 3.0%
	448,000		CenturyTel, Inc		19,371,520
	2,170,000		Frontier Communications Corp		19,898,900

46

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	145,000	*	NII Holdings, Inc (Class B)	$	6,087,100
	2,725,000		Qwest Communications International, Inc		19,429,250
	2,330,000	*	Sprint Nextel Corp		10,531,600
			TOTAL TELECOMMUNICATION SERVICES		75,318,370
TRANSPORTATION - 2.7%
	143,000	*	Alaska Air Group, Inc		8,471,320
	690,000	*	AMR Corp		4,864,500
	248,926		Baltic Trading Ltd		2,063,597
	220,000		Con-way, Inc		7,484,400
	287,792		Costamare, Inc		4,403,217
	128,000		CSX Corp		9,036,800
	55,000		FedEx Corp		4,967,600
	195,000	*	Genco Shipping & Trading Ltd		2,254,200
	130,000	*	Kansas City Southern Industries, Inc		6,497,400
	50,000		Norfolk Southern Corp		3,059,500
	531,844	*	Swift Transportation Co, Inc		7,600,051
	384,000	*	UAL Corp		9,753,600
			TOTAL TRANSPORTATION		70,456,185
UTILITIES - 7.9%
	195,000		Allegheny Energy, Inc		5,027,100
	152,000		American Electric Power Co, Inc		5,423,360
	239,516		American Water Works Co, Inc		6,107,658
	850,000		Centerpoint Energy, Inc		13,727,500
	350,000		CMS Energy Corp		6,825,000
	290,000		Constellation Energy Group, Inc		9,352,500
	200,000		DTE Energy Co		9,252,000
	330,000		Edison International		11,972,400
	78,000		Energen Corp		4,360,200
	32,000		Entergy Corp		2,309,440
	67,000		NextEra Energy, Inc		3,581,820
	200,000		Northeast Utilities		6,584,000
	380,000		NorthWestern Corp		10,731,200
	300,000	*	NRG Energy, Inc		6,225,000
	450,000		NV Energy, Inc		6,466,500
	285,000		PG&E Corp		13,189,800
	490,000		PPL Corp		12,637,100
	360,000		Progress Energy, Inc		16,171,200
	345,000		Public Service Enterprise Group, Inc		11,188,350
	186,590		Questar Corp		3,252,264
	375,000	*	RRI Energy, Inc		1,552,500
	305,000		Sempra Energy		15,881,350
	715,000		Xcel Energy, Inc		16,852,550
			TOTAL UTILITIES		198,670,792
			TOTAL COMMON STOCKS		2,510,825,422
			(Cost $2,075,711,416)

47

TIAA-CREF FUNDS - Mid-Cap Value Fund

PRINCIPAL		ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.2%
GOVERNMENT AGENCY DEBT - 0.2%
	$  6,100,000	Federal Home Loan Bank	02/01/11	$	6,100,000
					6,100,000
		TOTAL SHORT-TERM INVESTMENTS			6,100,000
		(Cost $6,100,000)
		TOTAL INVESTMENTS - 99.8%			2,516,925,422
		(Cost $2,081,811,416)
		OTHER ASSETS & LIABILITIES, NET - 0.2%			4,400,355
		NET ASSETS - 100.0%		$	2,521,325,777

	Abbreviation(s):
	ADR - American Depositary Receipt
*	Non-income producing.
b	In bankruptcy.
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 January 31, 2011 the value of these securities amounted to $2,654,028 or 0.11% of net assets.
m	Indicates a security that has been deemed illiquid.

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 2.0%
	447,937	*	American Axle & Manufacturing Holdings, Inc	$	6,405,498
	131,019		Cooper Tire & Rubber Co		2,995,094
	277,651	*	Dana Holding Corp		4,975,506
	386,677	*	Exide Technologies		3,715,966
	80,196		Standard Motor Products, Inc		971,174
	84,509		Superior Industries International, Inc		1,690,180
	87,832	*	Tenneco, Inc		3,630,097
	41,339	*	Tower International, Inc		738,728
			TOTAL AUTOMOBILES & COMPONENTS		25,122,243
BANKS - 5.9%
	20,000		1st Source Corp		377,000
	33,800		Berkshire Hills Bancorp, Inc		717,912
	123,208		Brookline Bancorp, Inc		1,334,343
	25,200		Cathay General Bancorp		436,212
	10,700		Century Bancorp, Inc		288,258
	44,700		Chemical Financial Corp		927,972
	18,300		City Holding Co		636,840
	70,220		Columbia Banking System, Inc		1,411,422
	38,018		Community Bank System, Inc		961,095
	80,656		CVB Financial Corp		667,832
	70,000		Dime Community Bancshares		1,055,600
	34,562	*	Doral Financial Corp		42,857
	195,732		East West Bancorp, Inc		4,249,342
	18,500	*	First Defiance Financial Corp		242,165
	184,989		First Financial Bancorp		3,126,314
	24,966		First Financial Bankshares, Inc		1,231,323
	10,565		First Financial Holdings, Inc		109,453
	27,100		First Interstate Bancsystem, Inc		352,029
	26,400		First Merchants Corp		239,184
	239,769		FirstMerit Corp		4,392,567
	257,000		FNB Corp		2,595,700
	2		Fulton Financial Corp		21
	44,519		Hancock Holding Co		1,460,223
	16,700		IBERIABANK Corp		947,224
	10,211		Independent Bank Corp		277,535
	126,379		International Bancshares Corp		2,397,410
	30,209		Lakeland Bancorp, Inc		290,606
	35,371		MainSource Financial Group, Inc		321,346
	103,498		National Penn Bancshares, Inc		844,544
	47,750		NBT Bancorp, Inc		1,106,845
	196,742		NewAlliance Bancshares, Inc		2,941,293
	275,795		Northwest Bancshares, Inc		3,230,938
	20,100	*	Pinnacle Financial Partners, Inc		276,576

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	82,393		Prosperity Bancshares, Inc	$	3,332,797
	265,112		Provident Financial Services, Inc		3,883,890
	261,971		Radian Group, Inc		1,880,952
	18,618		Republic Bancorp, Inc (Class A)		355,418
	13,529		SCBT Financial Corp		421,022
	20,416	*	Signature Bank		1,066,532
	31,643		Simmons First National Corp (Class A)		879,359
	40,764		Southwest Bancorp, Inc		558,059
	42,962		Sterling Bancorp		420,598
	77,703	*	Sun Bancorp, Inc		321,690
	118,199		Susquehanna Bancshares, Inc		1,129,982
	134,715	*	SVB Financial Group		7,068,495
	30,500	*	The Bancorp, Inc		286,700
	30,100		Trico Bancshares		456,617
	21,700		Trustmark Corp		520,583
	98,667		UMB Financial Corp		4,010,814
	62,760		Umpqua Holdings Corp		688,477
	10,000		Union Bankshares Corp		122,200
	207,201	*	United Community Banks, Inc		352,242
	44,108		United Financial Bancorp, Inc		676,176
	20,600		WesBanco, Inc		388,310
	177,364	*	Western Alliance Bancorp		1,330,230
	3,144		Whitney Holding Corp		41,847
	66,948		Wilshire Bancorp, Inc		429,806
	125,727		Wintrust Financial Corp		4,137,676
			TOTAL BANKS		74,250,453
CAPITAL GOODS - 9.5%
	59,719		A.O. Smith Corp		2,556,570
	67,739	*	AAR Corp		1,814,728
	127,500		Actuant Corp (Class A)		3,535,575
	38,279		Alamo Group, Inc		993,340
	81,321	*	Altra Holdings, Inc		1,700,422
	19,900	*	American Railcar Industries, Inc		377,503
	15,285		American Science & Engineering, Inc		1,329,795
	25,600		Ameron International Corp		1,765,632
	42,969		Ampco-Pittsburgh Corp		1,070,358
	85,600		Apogee Enterprises, Inc		1,094,824
	168,521		Applied Industrial Technologies, Inc		5,335,375
	191,704	*	Blount International, Inc		2,877,477
	140,734		Briggs & Stratton Corp		2,810,458
	31,674		Cascade Corp		1,490,895
	66,998	*	Ceradyne, Inc		2,373,739
	15,002	*	Chart Industries, Inc		544,873
	44,989	*	Columbus McKinnon Corp		758,964
	100,219		Cubic Corp		4,885,676
	112,298		Curtiss-Wright Corp		3,896,741
	34,319		Ducommun, Inc		753,645
	34,060	*	DXP Enterprises, Inc		741,827
	232,770	*,d	EMCOR Group, Inc		7,048,277
	99,900	*	EnerSys		3,278,718
	112,603	*	EnPro Industries, Inc		4,674,151

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	354,950	*	Force Protection, Inc	$	1,966,423
	82,779		Franklin Electric Co, Inc		3,400,562
	342,715	*	GenCorp, Inc		1,758,128
	91,625	*	GrafTech International Ltd		1,924,125
	387,479		Great Lakes Dredge & Dock Corp		3,219,950
	127,910		Heico Corp		6,688,414
	56,556	*	Kadant, Inc		1,196,725
	48,784		Kaman Corp		1,435,957
	35,000		Kaydon Corp		1,354,850
	45,190	*	Layne Christensen Co		1,427,100
	33,940	*	LB Foster Co (Class A)		1,349,115
	20,550		Lindsay Manufacturing Co		1,337,394
	135,118		Mueller Industries, Inc		4,418,359
	43,481		Nacco Industries, Inc (Class A)		4,358,970
	3,938		Nordson Corp		363,517
	34,100	*	Polypore International, Inc		1,641,915
	53,385	*	Powell Industries, Inc		2,023,825
	252,286		Quanex Building Products Corp		4,917,055
	1,106		Seaboard Corp		2,214,212
	47,700		Snap-On, Inc		2,701,251
	46,997	*	Sterling Construction Co, Inc		604,381
	27,039		Tennant Co		1,090,753
	11,607		Titan International, Inc		220,533
	59,300	*	Titan Machinery, Inc		1,436,839
	184,665	*	United Rentals, Inc		4,921,322
	39,300		Watts Water Technologies, Inc (Class A)		1,413,621
	49,800		Woodward Governor Co		1,679,505
			TOTAL CAPITAL GOODS		118,774,364
COMMERCIAL & PROFESSIONAL SERVICES - 2.3%
	128,450		Administaff, Inc		3,637,704
	25,200	*	Advisory Board Co		1,246,392
	198,462		Brink’s Co		5,358,474
	71,553	*	Consolidated Graphics, Inc		3,581,228
	86,309		Corporate Executive Board Co		3,353,968
	4,887	*	CoStar Group, Inc		275,040
	44,928	*	Exponent, Inc		1,649,756
	126,490	*	SYKES Enterprises, Inc		2,464,025
	101,204	*	Tetra Tech, Inc		2,342,367
	195,004	*	TrueBlue, Inc		3,326,768
	30,176		Viad Corp		710,041
	15,015		VSE Corp		449,099
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		28,394,862
CONSUMER DURABLES & APPAREL - 3.8%
	78,671		American Greetings Corp (Class A)		1,709,521
	40,000	*	Arctic Cat, Inc		640,800
	221,818	*	Beazer Homes USA, Inc		1,186,726
	36,570		Blyth, Inc		1,229,483
	262,785		Brunswick Corp		5,234,677
	171,733	*	CROCS, Inc		2,814,704
	63,016	*	Deckers Outdoor Corp		4,624,745

51

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	462,500	*	Eastman Kodak Co	$	1,692,750
	86,518	*	iRobot Corp		2,335,986
	132,043	*	Jakks Pacific, Inc		2,283,023
	80,577	*	Kenneth Cole Productions, Inc (Class A)		1,099,070
	69,600		Polaris Industries, Inc		5,353,633
	298,700	*	Quiksilver, Inc		1,335,189
	116,009		Ryland Group, Inc		2,064,960
	1,124,771	*	Standard-Pacific Corp		4,948,993
	7,229		Sturm Ruger & Co, Inc		107,784
	139,284	*	Timberland Co (Class A)		3,723,061
	22,332	*	Universal Electronics, Inc		588,002
	88,201	*	Warnaco Group, Inc		4,505,307
			TOTAL CONSUMER DURABLES & APPAREL		47,478,414
CONSUMER SERVICES - 3.1%
	66,211	*	American Public Education, Inc		2,222,041
	85,900	*	Buffalo Wild Wings, Inc		3,759,843
	114,656	*	California Pizza Kitchen, Inc		1,835,643
	38,985	*	Capella Education Co		2,231,891
	43,700		CBRL Group, Inc		2,249,676
	61,619	*	CEC Entertainment, Inc		2,276,822
	82,874	*	Cheesecake Factory		2,445,612
	163,403	*	Denny’s Corp		617,663
	102,216	*	Domino’s Pizza, Inc		1,676,342
	23,477	*	O’Charleys, Inc		162,461
	46,740	*	Papa John’s International, Inc		1,341,438
	120,066		PF Chang’s China Bistro, Inc		5,527,839
	81,000	*	Pinnacle Entertainment, Inc		1,221,480
	22,915	*	Pre-Paid Legal Services, Inc		1,508,724
	68,143		Regis Corp		1,142,077
	121,100		Sotheby’s (Class A)		4,880,330
	1		Stewart Enterprises, Inc (Class A)		6
	161,021		Universal Technical Institute, Inc		2,938,633
	10,800	*	WMS Industries, Inc		453,060
			TOTAL CONSUMER SERVICES		38,491,581
DIVERSIFIED FINANCIALS - 2.7%
	121,475		Advance America Cash Advance Centers, Inc		743,427
	727,600	*	American Capital Ltd		5,944,491
	205,760		BGC Partners, Inc (Class A)		1,666,656
	454,117	*	Broadpoint Securities Group, Inc		964,999
	83,683		Calamos Asset Management, Inc (Class A)		1,287,045
	99,101		Cash America International, Inc		3,986,833
	71,029	*	E*Trade Financial Corp		1,176,240
	68,646		Evercore Partners, Inc (Class A)		2,217,266
	21,331		GAMCO Investors, Inc (Class A)		948,803
	52,884		Kayne Anderson Energy Development Co		933,403
	118,500		MCG Capital Corp		805,800
	112,006		Nelnet, Inc (Class A)		2,511,175
	249,322	*	PHH Corp		5,956,303
	88,498	*	Piper Jaffray Cos		3,699,216
			TOTAL DIVERSIFIED FINANCIALS		32,841,657

52

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
ENERGY - 7.2%
	243,951	*	Basic Energy Services, Inc	$	4,454,545
	77,435		Berry Petroleum Co (Class A)		3,613,891
	113,939	*	Bristow Group, Inc		5,866,719
	133,100	*	Cheniere Energy, Inc		972,961
	21,632	*	Clayton Williams Energy, Inc		1,917,677
	254,253	*	Cloud Peak Energy, Inc		5,789,341
	247,706	*	Complete Production Services, Inc		6,920,905
	23,212	*	Contango Oil & Gas Co		1,346,296
	42,901	*	Dawson Geophysical Co		1,450,483
	227,208	*	Energy XXI Bermuda Ltd		6,545,863
	119,788	*	Goodrich Petroleum Corp		2,541,901
	94,405	*	Green Plains Renewable Energy, Inc		1,052,616
	74,251		Gulf Island Fabrication, Inc		2,010,717
	627,403	*	Hercules Offshore, Inc		2,076,704
	55,710	*	James River Coal Co		1,252,639
	154,438	*	Oasis Petroleum, Inc		4,937,383
	291,698	*	Pacific Asia Petroleum, Inc		522,139
	154,377	*	Patriot Coal Corp		4,040,046
	34,196	*	Petroleum Development Corp		1,556,260
	333,527	*	Petroquest Energy, Inc		2,614,852
	429,575	*	Pioneer Drilling Co		3,806,035
	206,188		RPC, Inc		3,624,785
	165,661	*	Stone Energy Corp		3,851,618
	132,500	*	USEC, Inc		735,375
	318,348		W&T Offshore, Inc		6,478,382
	391,300	*	Western Refining, Inc		4,766,034
	14,077	*	Westmoreland Coal Co		191,447
	148,116		World Fuel Services Corp		5,560,275
			TOTAL ENERGY		90,497,889
FOOD & STAPLES RETAILING - 0.9%
	108,517		Andersons, Inc		4,208,289
	12,466		Casey’s General Stores, Inc		529,680
	157,513	*	Pantry, Inc		2,625,742
	672,400	*	Rite Aid Corp		860,672
	17,100		Ruddick Corp		576,270
	8,461		Village Super Market (Class A)		265,760
	45,532		Weis Markets, Inc		1,799,880
	98,300	*	Winn-Dixie Stores, Inc		627,154
			TOTAL FOOD & STAPLES RETAILING		11,493,447
FOOD BEVERAGE & TOBACCO - 0.9%
	217,769	*	Alliance One International, Inc		834,055
	70,500	*	Chiquita Brands International, Inc		1,087,110
	7,430		Coca-Cola Bottling Co Consolidated		401,369
	80,676	*	Darling International, Inc		1,093,160
	104,400	*	Dole Food Co, Inc		1,459,512
	31,552		J&J Snack Foods Corp		1,340,013
	16,911		National Beverage Corp		227,453
	96,100	*	Pilgrim’s Pride Corp		670,778

53

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	79,200		Sanderson Farms, Inc	$	3,255,912
			TOTAL FOOD BEVERAGE & TOBACCO		10,369,362
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	160,652	*	Align Technology, Inc		3,346,381
	58,003	*	Almost Family, Inc		1,936,720
	119,430	*	Amedisys, Inc		4,071,369
	34,504	*	American Medical Systems Holdings, Inc		673,518
	20,550	*	AMERIGROUP Corp		1,076,204
	94,774		Cantel Medical Corp		2,017,738
	118,250	*	Catalyst Health Solutions, Inc		5,132,050
	211,554	*	Continucare Corp		861,025
	5,905	*	Cynosure, Inc (Class A)		64,453
	64,702	*	DynaVox, Inc		339,686
	44,700	*	Genoptix, Inc		1,115,712
	112,422	*	Hanger Orthopedic Group, Inc		2,310,272
	36,498	*	ICU Medical, Inc		1,425,612
	116,591	*	Immucor, Inc		2,305,004
	97,940	*	Insulet Corp		1,667,918
	172,895		Invacare Corp		4,778,817
	8,300	*	IRIS International, Inc		82,087
	46,522	*	Kensey Nash Corp		1,125,832
	284,249	*	Kindred Healthcare, Inc		5,318,298
	36,432	*	Magellan Health Services, Inc		1,763,673
	156,925	*	Medidata Solutions, Inc		3,915,279
	153,427	*	Molina Healthcare, Inc		4,704,072
	28,300	*	MWI Veterinary Supply, Inc		1,759,128
	103,775	*	NxStage Medical, Inc		2,494,751
	125,000	*	Omnicell, Inc		1,741,875
	25,586	*	Orthofix International NV		731,760
	148,288		Owens & Minor, Inc		4,378,945
	324,095	*	PharMerica Corp		3,665,514
	42,953	*	Providence Service Corp		611,221
	103,603	*	Sirona Dental Systems, Inc		4,538,847
	81,939	*	Skilled Healthcare Group, Inc (Class A)		880,025
	60,482	*	SonoSite, Inc		2,029,776
	60,036		STERIS Corp		2,090,454
	761	*	Synovis Life Technologies, Inc		11,404
	51,757	*	Triple-S Management Corp (Class B)		955,434
	106,906		Universal American Financial Corp		2,158,432
	69,404		West Pharmaceutical Services, Inc		2,775,466
	159,559	*	Wright Medical Group, Inc		2,371,047
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		83,225,799
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	74,175	*	Central Garden and Pet Co (Class A)		703,179
	40,403		Inter Parfums, Inc		720,790
	64,483	*	Medifast, Inc		1,542,433
	176,818		Nu Skin Enterprises, Inc (Class A)		5,318,686
	147,004	*	Prestige Brands Holdings, Inc		1,622,924
	78,195	*	Revlon, Inc (Class A)		761,619
	26,186	*	USANA Health Sciences, Inc		992,973
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		11,662,604

54

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
INSURANCE - 3.5%
	113,824		American Equity Investment Life Holding Co	$	1,443,288
	40,659	*	American Safety Insurance Holdings Ltd		815,620
	36,637		Argo Group International Holdings Ltd		1,305,010
	946,081	*	Conseco, Inc		5,988,693
	106,556	*	Crawford & Co (Class B)		395,323
	98,803		FBL Financial Group, Inc (Class A)		2,747,711
	361,631		First American Financial Corp		5,608,897
	178,216		Flagstone Reinsurance Holdings Ltd		2,184,928
	51,387	*	Hallmark Financial Services		436,276
	263,972		Horace Mann Educators Corp		4,561,436
	81,974		Maiden Holdings Ltd		655,792
	116,476		Max Capital Group Ltd		2,510,058
	150,799		Meadowbrook Insurance Group, Inc		1,431,083
	225,413		Montpelier Re Holdings Ltd		4,474,448
	98,160	*	National Financial Partners Corp		1,244,669
	150,701		Platinum Underwriters Holdings Ltd		6,660,983
	77,727		Selective Insurance Group, Inc		1,381,986
			TOTAL INSURANCE		43,846,201
MATERIALS - 5.2%
	42,100		Arch Chemicals, Inc		1,525,704
	208,700		Boise, Inc		1,876,213
	98,465	*	Brush Engineered Materials, Inc		3,444,306
	11,564	*	Clearwater Paper Corp		914,481
	201,674	*	Coeur d’Alene Mines Corp		4,715,138
	4,761	*	Contango ORE, Inc		45,230
	24,791		Domtar Corporation		2,179,873
	52,600	*	Georgia Gulf Corp		1,400,738
	240,810	*	Golden Star Resources Ltd		888,589
	225,577	*	Hecla Mining Co		2,030,193
	51,826		Kaiser Aluminum Corp		2,472,618
	90,379		Minerals Technologies, Inc		5,695,685
	17,939		NewMarket Corp		2,275,742
	50,270	*	Noranda Aluminium Holding Corp		743,493
	95,694	*	OM Group, Inc		3,462,209
	227,536	*	Omnova Solutions, Inc		1,599,578
	345,606	*	PolyOne Corp		4,544,719
	76,800		Rock-Tenn Co (Class A)		5,126,400
	42,410	*	Rockwood Holdings, Inc		1,721,422
	80,263	*	Senomyx, Inc		477,565
	32,391		Stepan Co		2,348,995
	64,432	*	Thompson Creek Metals Co, Inc		872,409
	104,600		Westlake Chemical Corp		4,050,112
	100,400		Worthington Industries, Inc		1,907,600
	193,590	*	WR Grace & Co		6,870,508
			TOTAL MATERIALS		63,189,520
MEDIA - 0.5%
	52,500	*	AH Belo Corp (Class A)		425,775

55

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	31,652	*	Carmike Cinemas, Inc	$	207,004
	76,444	*	EW Scripps Co (Class A)		694,112
	44,368	*	Global Sources Ltd		438,800
	204,607	*	Journal Communications, Inc (Class A)		982,114
	95,814		Scholastic Corp		2,848,549
	66,540		World Wrestling Entertainment, Inc (Class A)		801,807
			TOTAL MEDIA		6,398,161
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.0%
	29,716	*	Acorda Therapeutics, Inc		652,266
	107,268	*	Affymax, Inc		714,405
	174,928	*	Affymetrix, Inc		848,401
	56,500	*	Alkermes, Inc		729,415
	81,303	*	AMAG Pharmaceuticals, Inc		1,447,193
	362,566	*	Ariad Pharmaceuticals, Inc		2,311,358
	195,115	*	Arqule, Inc		1,196,055
	57,153	*	AVANIR Pharmaceuticals, Inc		231,470
	8,884	*	Bruker BioSciences Corp		155,470
	170,435	*	Caliper Life Sciences, Inc		1,097,602
	94,800	*	Celera Corp		586,338
	33,800	*	Cornerstone Therapeutics, Inc		196,716
	139,518	*	Cubist Pharmaceuticals, Inc		3,061,025
	284,748	*	Depomed, Inc		2,386,188
	151,238	*	Emergent Biosolutions, Inc		3,212,295
	107,000	*	Enzon Pharmaceuticals, Inc		1,198,400
	402,231	*	Exelixis, Inc		3,487,343
	28,211	*	Impax Laboratories, Inc		655,059
	290,000	*	Incyte Corp		4,274,601
	129,057	*	Inspire Pharmaceuticals, Inc		509,775
	35,100	*	Jazz Pharmaceuticals, Inc		784,836
	12,583	*	Ligand Pharmaceuticals, Inc (Class B)		109,472
	19,500	*	Martek Biosciences Corp		612,495
	136,809	*	Medicines Co		2,145,165
	28,265		Medicis Pharmaceutical Corp (Class A)		718,779
	150,115	*	Medivation, Inc		2,113,619
	58,300	*	Momenta Pharmaceuticals, Inc		745,657
	56,467	*	Nektar Therapeutics		632,995
	255,077	*	Neurocrine Biosciences, Inc		1,882,468
	18,988	*	Novacea, Inc		157,600
	140,529	*	NPS Pharmaceuticals, Inc		1,405,993
	18,659	*	Onyx Pharmaceuticals, Inc		658,383
	156,090	*	Par Pharmaceutical Cos, Inc		5,575,535
	94,030	*	Questcor Pharmaceuticals, Inc		1,453,704
	33,510	*	Salix Pharmaceuticals Ltd		1,372,905
	302,578	*	Santarus, Inc		987,917
	96,200	*	Sciclone Pharmaceuticals, Inc		377,104
	62,457	*	Seattle Genetics, Inc		1,023,670
	2,251	*	Sequenom, Inc		15,419
	165,144	*	Spectrum Pharmaceuticals, Inc		990,864
	115,100	*	SuperGen, Inc		346,451
	68,432	*	Targacept, Inc		1,762,808
	185,561	*	Vanda Pharmaceuticals, Inc		1,486,344

56

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	350,414	*	Viropharma, Inc	$	5,746,790
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		62,058,348
REAL ESTATE - 6.7%
	87,797		Agree Realty Corp		2,041,280
	2,972		Alexander’s, Inc		1,202,739
	15,100		BioMed Realty Trust, Inc		269,535
	72,020		CBL & Associates Properties, Inc		1,228,661
	32,800		Colonial Properties Trust		629,432
	85,300	*	DiamondRock Hospitality Co		1,034,689
	104,500		Entertainment Properties Trust		4,810,135
	104,550		Equity Lifestyle Properties, Inc		5,946,805
	255,300		Extra Space Storage, Inc		4,909,419
	93,655	*	FelCor Lodging Trust, Inc		658,395
	309,814	*	First Industrial Realty Trust, Inc		3,166,299
	116,656		Getty Realty Corp		3,387,690
	145,266		Glimcher Realty Trust		1,279,793
	164,592		Highwoods Properties, Inc		5,393,680
	95,500		Invesco Mortgage Capital, Inc		2,136,335
	17,919		Kilroy Realty Corp		683,431
	121,000		LaSalle Hotel Properties		3,360,170
	81,430		LTC Properties, Inc		2,226,296
	353,016		MFA Mortgage Investments, Inc		2,884,141
	46,871		Mid-America Apartment Communities, Inc		2,988,026
	52,701		Mission West Properties, Inc		361,529
	90,380		National Health Investors, Inc		4,133,077
	201,752		Omega Healthcare Investors, Inc		4,495,035
	79,556		Parkway Properties, Inc		1,344,496
	152,574		Pennsylvania Real Estate Investment Trust		2,084,161
	68,111		PS Business Parks, Inc		3,964,741
	45,170		Saul Centers, Inc		2,138,800
	52,300		Sovran Self Storage, Inc		2,010,412
	55,251		Sun Communities, Inc		1,829,913
	209,142		Tanger Factory Outlet Centers, Inc		5,460,698
	74,169		Urstadt Biddle Properties, Inc (Class A)		1,439,620
	164,908		U-Store-It Trust		1,593,011
	99,236		Washington Real Estate Investment Trust		3,044,560
			TOTAL REAL ESTATE		84,137,004
RETAILING - 3.8%
	110,897	*	1-800-FLOWERS.COM, Inc (Class A)		303,858
	238,490	*	AnnTaylor Stores Corp		5,275,398
	117,895		Cato Corp (Class A)		2,881,354
	89,715	*	Children’s Place Retail Stores, Inc		3,758,161
	30,474	*	Citi Trends, Inc		697,855
	278,280	*	Coldwater Creek, Inc		809,795
	163,100	*	Collective Brands, Inc		3,320,716
	34,828	*	Core-Mark Holding Co, Inc		1,178,580
	88,400		Dillard’s, Inc (Class A)		3,511,248
	152,290	*	DSW, Inc (Class A)		5,069,734
	245,544		Finish Line, Inc (Class A)		3,778,922
	37,822	*	Jo-Ann Stores, Inc		2,281,801

57

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	121,680	*	Kirkland’s, Inc	$	1,611,652
	106,400		Nutri/System, Inc		2,017,344
	193,383	*	OfficeMax, Inc		3,107,665
	81,402	*	Overstock.com, Inc		1,214,518
	68,716		PetMed Express, Inc		1,036,924
	358,400	*	Pier 1 Imports, Inc		3,358,208
	51,329	*	Shutterfly, Inc		1,708,742
			TOTAL RETAILING		46,922,475
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.6%
	320,539	*	Amkor Technology, Inc		2,609,187
	33,700	*	Cabot Microelectronics Corp		1,520,207
	264,361	*	Cirrus Logic, Inc		5,559,511
	31,096	*	Energy Conversion Devices, Inc		126,872
	365,378	*	Entegris, Inc		2,795,142
	407,120	*	Entropic Communications, Inc		4,466,106
	144,714	*	FEI Co		3,943,457
	510,735	*	GT Solar International, Inc		5,641,067
	152,968	*	Integrated Silicon Solution, Inc		1,593,927
	98,979	*	Kopin Corp		401,855
	399,233	*	Kulicke & Soffa Industries, Inc		3,892,522
	811,894	*	Lattice Semiconductor Corp		5,058,100
	43,185	*	MaxLinear, Inc		481,945
	272,990	*	Mindspeed Technologies, Inc		1,916,390
	8,419	*	NVE Corp		488,976
	219,700	*	Photronics, Inc		1,447,823
	583,470	*	RF Micro Devices, Inc		3,920,918
	99,512	*	Tessera Technologies, Inc		1,723,548
	138,526	*	Veeco Instruments, Inc		5,992,634
	64,898	*	Volterra Semiconductor Corp		1,612,715
	138,695	*	Zoran Corp		1,316,216
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		56,509,118
SOFTWARE & SERVICES - 9.6%
	146,516	*	Actuate Corp		813,164
	119,375	*	Acxiom Corp		2,056,831
	123,344	*	Ancestry.com, Inc		4,391,046
	31,400		Blackbaud, Inc		825,506
	67,518	*	Blackboard, Inc		2,623,749
	46,500	*	CACI International, Inc (Class A)		2,580,285
	137,454	*	Cardtronics, Inc		2,349,089
	180,424	*	Commvault Systems, Inc		5,573,297
	138,335	*	CSG Systems International, Inc		2,690,616
	26,300	*	Digital River, Inc		834,762
	471,774		Earthlink, Inc		4,024,232
	107,267	*	Euronet Worldwide, Inc		1,961,913
	28,700		Forrester Research, Inc		1,022,868
	196,207	*	Fortinet, Inc		7,544,160
	58,695	*	Interactive Intelligence, Inc		1,921,087
	107,681	*	j2 Global Communications, Inc		2,971,996
	65,970	*	Kenexa Corp		1,368,218
	117,000	*	Lionbridge Technologies		449,280

58

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	71,872	*	LogMeIn, Inc	$	2,769,228
	248,054	*	Magma Design Automation, Inc		1,346,933
	90,218	*	Manhattan Associates, Inc		2,662,333
	32,400	*	Mantech International Corp (Class A)		1,302,642
	79,335		MAXIMUS, Inc		5,382,880
	45,100	*	MicroStrategy, Inc (Class A)		4,796,836
	76,129	*	ModusLink Global Solutions, Inc		466,671
	20,131	*	NCI, Inc (Class A)		422,751
	118,194	*	Netscout Systems, Inc		2,709,006
	2,700	*	OpenTable, Inc		212,274
	39,676		Opnet Technologies, Inc		1,134,337
	170,994	*	Quest Software, Inc		4,415,065
	117,983	*	RightNow Technologies, Inc		3,059,299
	35,282	*	Rosetta Stone, Inc		663,654
	145,416	*	S1 Corp		936,479
	123,067	*	SolarWinds, Inc		2,325,966
	171,944	*	Sourcefire, Inc		4,231,542
	39,512	*	StarTek, Inc		217,316
	39,882	*	SuccessFactors, Inc		1,161,364
	131,005	*	TeleTech Holdings, Inc		2,804,817
	302,666	*	TIBCO Software, Inc		6,652,600
	189,231	*	Unisys Corp		5,360,914
	238,700		United Online, Inc		1,687,609
	339,342	*	Valueclick, Inc		4,754,182
	204,900	*	VeriFone Holdings, Inc		8,183,706
	134,679	*	Websense, Inc		2,580,450
			TOTAL SOFTWARE & SERVICES		118,242,953
TECHNOLOGY HARDWARE & EQUIPMENT - 7.1%
	123,100	*	Acme Packet, Inc		6,620,318
	106,512	*	Agilysys, Inc		610,314
	43,069		Anixter International, Inc		2,724,976
	390,128	*	Arris Group, Inc		4,868,797
	185,600	*	Blue Coat Systems, Inc		5,347,136
	108,300	*	Brightpoint, Inc		982,823
	91,455	*	Coherent, Inc		4,897,415
	80,571	*	Compellent Technologies, Inc		2,234,234
	170,989		Comtech Telecommunications Corp		4,797,951
	94,182	*	Cray, Inc		704,010
	76,418	*	DG FastChannel, Inc		2,094,617
	255,885	*	Extreme Networks, Inc		839,303
	242,881	*	Harris Stratex Networks, Inc (Class A)		1,260,552
	165,950		InterDigital, Inc		7,990,494
	20,000		Littelfuse, Inc		1,025,600
	13,737	*	Loral Space & Communications, Inc		1,022,994
	76,856	*	Multi-Fineline Electronix, Inc		2,221,138
	149,625	*	Newport Corp		2,625,919
	196,648	*	Novatel Wireless, Inc		1,417,832
	37,477	*	Oplink Communications, Inc		928,680
	120,164	*	OSI Systems, Inc		4,565,030
	179,255		Plantronics, Inc		6,345,627
	514,273	*	Power-One, Inc		5,502,721

59

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	486,100	*	Powerwave Technologies, Inc	$	1,696,489
	90,060	*	Quantum Corp		242,261
	41,500		Richardson Electronics Ltd		537,010
	221,060	*	Riverbed Technology, Inc		7,929,423
	95,278	*	Symmetricom, Inc		591,676
	157,508	*	Synaptics, Inc		4,482,678
	59,588	*	Vishay Precision Group, Inc		1,105,357
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		88,213,375
TELECOMMUNICATION SERVICES - 1.2%
	158,516	*	Cogent Communications Group, Inc		2,162,158
	89,235	*	Global Crossing Ltd		1,189,503
	106,047		IDT Corp (Class B)		2,442,262
	145,700	*	Neutral Tandem, Inc		2,202,984
	129,319		USA Mobility, Inc		2,208,769
	1,287,016	*	Vonage Holdings Corp		4,221,413
			TOTAL TELECOMMUNICATION SERVICES		14,427,089
TRANSPORTATION - 3.0%
	114,038	*	Alaska Air Group, Inc		6,755,611
	32,509	*	Amerco, Inc		2,958,644
	81,365		Arkansas Best Corp		2,078,876
	113,440	*	Atlas Air Worldwide Holdings, Inc		5,763,886
	183,590	*	Celadon Group, Inc		2,689,594
	31,383	*	Dynamex, Inc		781,123
	171,200	*	Excel Maritime Carriers Ltd		775,536
	102,800	*	Genco Shipping & Trading Ltd		1,188,368
	312,936	*	Hawaiian Holdings, Inc		2,312,597
	51,924		Heartland Express, Inc		832,082
	391,233	*	JetBlue Airways Corp		2,347,398
	20,500	*	PAM Transportation Services, Inc		236,570
	64,100	*	Pinnacle Airlines		462,161
	136,859	*	US Airways Group, Inc		1,357,641
	237,000		Werner Enterprises, Inc		5,842,049
			TOTAL TRANSPORTATION		36,382,136
UTILITIES - 3.1%
	256,645		Avista Corp		5,813,009
	74,311		Black Hills Corp		2,304,384
	39,913		Chesapeake Utilities Corp		1,560,598
	148,841		Cleco Corp		4,652,770
	93,519	*	El Paso Electric Co		2,520,337
	85,712		Idacorp, Inc		3,203,057
	60,584		Laclede Group, Inc		2,302,192
	29,930		Nicor, Inc		1,510,567
	301,689		Portland General Electric Co		6,739,732
	174,261		Southwest Gas Corp		6,489,480
			TOTAL UTILITIES		37,096,126
			TOTAL COMMON STOCKS		1,230,025,181
			(Cost $1,075,889,722)

60

TIAA-CREF FUNDS - Small-Cap Equity Fund

PRINCIPAL			ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.8%
GOVERNMENT AGENCY DEBT - 0.8%
	$  9,430,000		Federal Home Loan Bank	02/01/11	$	9,430,000
						9,430,000
			TOTAL SHORT-TERM INVESTMENTS			9,430,000
			(Cost $9,430,000)
			TOTAL INVESTMENTS - 100.2%			1,239,455,181
			(Cost $1,085,319,722)
			OTHER ASSETS & LIABILITIES, NET - (0.2)%			(3,086,629)
			NET ASSETS - 100.0%		$	1,236,368,552
		*	Non-income producing.
		d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.

61

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

	SHARES		COMPANY		VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 1.7%
	2,832		Autoliv, Inc	$	217,498
	11,158	*	BorgWarner, Inc		752,049
	596	*	Federal Mogul Corp (Class A)		14,042
	376,516	*	Ford Motor Co		6,005,430
	14,237		Gentex Corp		456,581
	25,541	*	Goodyear Tire & Rubber Co		303,427
	24,101		Harley-Davidson, Inc		955,605
	65,435		Johnson Controls, Inc		2,512,049
	1,829	*	Lear Corp (New)		193,197
	1,818	*	Tesla Motors, Inc		43,814
	3,437		Thor Industries, Inc		127,719
	5,457	*	TRW Automotive Holdings Corp		325,565
			TOTAL AUTOMOBILES & COMPONENTS		11,906,976
BANKS - 0.0%
	1,767		Bank of Hawaii Corp		82,819
	267		Capitol Federal Financial		3,255
	3,527		Hudson City Bancorp, Inc		38,726
			TOTAL BANKS		124,800
CAPITAL GOODS - 10.5%
	73,249		3M Co		6,440,051
	3,565	*	Aecom Technology Corp		104,348
	3,309	*	Alliant Techsystems, Inc		250,690
	16,032		Ametek, Inc		653,785
	211		Armstrong World Industries, Inc		8,569
	9,134	*	Babcock & Wilcox Co		267,170
	62,904		Boeing Co		4,370,570
	7,771		Bucyrus International, Inc (Class A)		705,296
	470		Carlisle Cos, Inc		17,724
	64,529		Caterpillar, Inc		6,259,957
	4,253	*	Chicago Bridge & Iron Co NV		139,881
	390	*	CNH Global NV		18,888
	17,100		Cooper Industries plc		1,047,546
	20,522		Cummins, Inc		2,172,869
	50,549		Danaher Corp		2,328,287
	41,342		Deere & Co		3,757,988
	7,856		Donaldson Co, Inc		460,362
	11,809		Dover Corp		756,957
	4,446		Eaton Corp		479,990
	77,058		Emerson Electric Co		4,537,174
	13,584		Fastenal Co		788,687
	4,786		Flowserve Corp		598,202
	960		Fluor Corp		66,422

62

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES		COMPANY		VALUE
5,111		Gardner Denver, Inc	$	368,708
1,260		GATX Corp		41,895
2,387	*	General Cable Corp		88,343
253,328		General Electric Co		5,102,026
3,815		Goodrich Corp		345,715
6,054		Graco, Inc		257,174
537		Harsco Corp		17,329
78,390		Honeywell International, Inc		4,390,624
2,425		Hubbell, Inc (Class B)		148,507
6,903		IDEX Corp		273,773
45,514		Illinois Tool Works, Inc		2,434,544
8,050	*	Jacobs Engineering Group, Inc		413,529
10,532		Joy Global, Inc		918,180
1,224		KBR, Inc		39,290
6,080		Kennametal, Inc		246,848
5,124		Lennox International, Inc		251,792
4,457		Lincoln Electric Holdings, Inc		301,828
24,762		Lockheed Martin Corp		1,971,055
13,754		Manitowoc Co, Inc		184,716
11,091		Masco Corp		147,732
4,589		MSC Industrial Direct Co (Class A)		272,724
7,264	*	Navistar International Corp		471,070
9,326	*	Oshkosh Truck Corp		353,549
6,446	*	Owens Corning, Inc		215,748
37,144		Paccar, Inc		2,098,265
11,756		Pall Corp		651,400
4,560		Parker Hannifin Corp		407,710
5,132		Pentair, Inc		185,624
14,548		Precision Castparts Corp		2,080,219
3,228		Regal-Beloit Corp		215,437
14,589		Rockwell Automation, Inc		1,181,855
8,333		Rockwell Collins, Inc		534,479
9,667		Roper Industries, Inc		751,029
4,926	*	Shaw Group, Inc		186,055
2,382	*	Spirit Aerosystems Holdings, Inc (Class A)		56,263
856		SPX Corp		67,093
14,427		Textron, Inc		379,286
843	*	Thomas & Betts Corp		43,322
6,602		Timken Co		310,426
3,328		Toro Co		202,409
5,120		TransDigm Group, Inc		396,698
7,630		Tyco International Ltd		342,053
87,606		United Technologies Corp		7,122,367
3,580	*	USG Corp		58,068
2,237		Valmont Industries, Inc		207,907
6,036		W.W. Grainger, Inc		793,553
6,553	*	WABCO Holdings, Inc		382,695
1,693	*	WESCO International, Inc		94,893
978		Westinghouse Air Brake Technologies Corp		53,008
		TOTAL CAPITAL GOODS		74,290,226

63

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	4,427		Aaron’s, Inc	$	84,954
	559		Avery Dennison Corp		23,528
	6,681	*	Copart, Inc		262,229
	2,028	*	Corrections Corp of America		50,315
	670		Covanta Holding Corp		11,336
	5,118		Dun & Bradstreet Corp		434,774
	3,816	*	FTI Consulting, Inc		139,170
	4,930	*	IHS, Inc (Class A)		404,063
	18,699		Iron Mountain, Inc		456,069
	357	*	KAR Auction Services, Inc		5,298
	15,139		Pitney Bowes, Inc		367,575
	962		R.R. Donnelley & Sons Co		17,047
	10,151		Republic Services, Inc		313,057
	15,350		Robert Half International, Inc		481,375
	9,059	*	Stericycle, Inc		711,041
	870		Towers Watson & Co		47,441
	10,618	*	Verisk Analytics, Inc		359,207
	9,552		Waste Connections, Inc		276,721
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		4,445,200
CONSUMER DURABLES & APPAREL - 1.4%
	31,057		Coach, Inc		1,679,873
	1,844		Fortune Brands, Inc		113,738
	5,410	*	Fossil, Inc		384,381
	612		Garmin Ltd		18,868
	9,564	*	Hanesbrands, Inc		220,163
	3,401	*	Harman International Industries, Inc		147,331
	13,063		Hasbro, Inc		575,947
	8,716		Leggett & Platt, Inc		196,371
	21,273		Mattel, Inc		503,745
	597	*	Mohawk Industries, Inc		33,163
	36,874		Nike, Inc (Class B)		3,041,367
	581	*	NVR, Inc		444,465
	5,751		Phillips-Van Heusen Corp		335,686
	5,622		Polo Ralph Lauren Corp (Class A)		602,566
	7,584	*	Tempur-Pedic International, Inc		330,966
	6,162		Tupperware Corp		281,912
	3,365		Whirlpool Corp		287,708
			TOTAL CONSUMER DURABLES & APPAREL		9,198,250
CONSUMER SERVICES - 3.3%
	13,762	*	Apollo Group, Inc (Class A)		567,959
	5,498	*	Bally Technologies, Inc		225,033
	8,922		Brinker International, Inc		209,935
	7,104	*	Career Education Corp		159,414
	16,784		Carnival Corp		750,413
	3,249	*	Chipotle Mexican Grill, Inc (Class A)		711,271
	328		Choice Hotels International, Inc		12,441
	14,066		Darden Restaurants, Inc		662,649
	6,211		DeVry, Inc		323,655
	3,607	*	Education Management Corp		66,333
	14,350		H&R Block, Inc		179,662

64

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	6,466		Hillenbrand, Inc	$	139,730
	30,426		International Game Technology		522,414
	928		International Speedway Corp (Class A)		26,847
	3,516	*	ITT Educational Services, Inc		231,493
	33,077	*	Las Vegas Sands Corp		1,537,750
	27,763		Marriott International, Inc (Class A)		1,096,361
	110,466		McDonald’s Corp		8,138,030
	6,325	*	MGM Mirage		93,800
	3,077	*	Panera Bread Co (Class A)		294,038
	5,128	*	Royal Caribbean Cruises Ltd		230,247
	75,845		Starbucks Corp		2,391,393
	19,289		Starwood Hotels & Resorts Worldwide, Inc		1,137,472
	1,514		Strayer Education, Inc		181,680
	3,433		Weight Watchers International, Inc		133,200
	12,086		Wendy’s/Arby’s Group, Inc (Class A)		58,375
	5,701	*	WMS Industries, Inc		239,157
	7,550		Wynn Resorts Ltd		878,292
	47,988		Yum! Brands, Inc		2,243,919
			TOTAL CONSUMER SERVICES		23,442,963
DIVERSIFIED FINANCIALS - 3.9%
	5,166	*	Affiliated Managers Group, Inc		526,054
	107,833		American Express Co		4,677,795
	5,048		Ameriprise Financial, Inc		311,209
	3,255		BlackRock, Inc		644,555
	743		CBOE Holdings, Inc		17,096
	102,181		Charles Schwab Corp		1,844,367
	12,182		Eaton Vance Corp		369,115
	6,066		Federated Investors, Inc (Class B)		164,267
	15,189		Franklin Resources, Inc		1,832,553
	260	*	Green Dot Corp		16,357
	3,063		Greenhill & Co, Inc		212,633
	938		Interactive Brokers Group, Inc (Class A)		15,167
	7,574	*	IntercontinentalExchange, Inc		912,592
	14,638		Invesco Ltd		362,144
	151,293		iShares Russell 1000 Growth Index Fund		8,873,335
	2,263		Janus Capital Group, Inc		29,215
	9,458		Lazard Ltd (Class A)		394,588
	367	*	LPL Investment Holdings, Inc		12,573
	20,619		Moody’s Corp		605,581
	49,370		Morgan Stanley		1,451,478
	11,315	*	MSCI, Inc (Class A)		387,312
	2,037	*	Nasdaq Stock Market, Inc		49,866
	9,723		Northern Trust Corp		505,402
	5,640		NYSE Euronext		179,408
	14,969		SEI Investments Co		346,532
	26,635		T Rowe Price Group, Inc		1,755,779
	23,662		TD Ameritrade Holding Corp		483,178
	8,646		Waddell & Reed Financial, Inc (Class A)		312,294
			TOTAL DIVERSIFIED FINANCIALS		27,292,445

65

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
ENERGY - 11.3%
	1,798	*	Alpha Natural Resources, Inc	$	96,607
	11,732		Arch Coal, Inc		401,821
	5,712	*	Atlas America, Inc		253,042
	1,576	*	Atwood Oceanics, Inc		63,702
	12,173		Baker Hughes, Inc		833,972
	14,335	*	Cameron International Corp		764,056
	11,252		Chevron Corp		1,068,152
	8,630		Cimarex Energy Co		898,642
	10,559	*	Concho Resources, Inc		1,016,304
	58,251		ConocoPhillips		4,162,615
	10,495		Consol Energy, Inc		521,602
	2,810	*	Continental Resources, Inc		180,430
	4,665		Core Laboratories NV		425,728
	2,235		Diamond Offshore Drilling, Inc		160,272
	7,676	*	Dresser-Rand Group, Inc		352,559
	13,018		El Paso Corp		206,726
	26,110		EOG Resources, Inc		2,777,843
	14,108		Equitable Resources, Inc		679,865
	14,470		EXCO Resources, Inc		290,558
	711	*	Exterran Holdings, Inc		17,640
	481,130	d	Exxon Mobil Corp		38,817,567
	12,603	*	FMC Technologies, Inc		1,184,682
	7,135	*	Forest Oil Corp		276,838
	4,331		Frontline Ltd		112,303
	93,867		Halliburton Co		4,224,014
	2,692		Holly Corp		132,096
	18,953		Marathon Oil Corp		866,152
	18,850	*	McDermott International, Inc		391,703
	2,261		Murphy Oil Corp		149,904
	11,249	*	Nabors Industries Ltd		274,476
	16,988		Occidental Petroleum Corp		1,642,400
	280	*	Oil States International, Inc		18,973
	22,553	*	PetroHawk Energy Corp		452,188
	7,014	*	Pride International, Inc		227,955
	595	*	Quicksilver Resources, Inc		8,931
	16,369		Range Resources Corp		816,322
	1,599	*	Rowan Cos, Inc		54,814
	22,730	*	SandRidge Energy, Inc		169,111
	122,493		Schlumberger Ltd		10,900,651
	35,240	*	Southwestern Energy Co		1,391,980
	4,345		St. Mary Land & Exploration Co		270,085
	500	*	Superior Energy Services		17,560
	15,655	*	Ultra Petroleum Corp		747,213
	30,255	*	Weatherford International Ltd		717,649
	478	*	Whiting Petroleum Corp		60,362
	24,897		Williams Cos, Inc		671,970
			TOTAL ENERGY		79,770,035
FOOD & STAPLES RETAILING - 2.4%
	1,002	*	BJ’s Wholesale Club, Inc		44,028
	45,120		Costco Wholesale Corp		3,241,421
	15,201		CVS Corp		519,874

66

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	4,015		Kroger Co	$	85,921
	60,876		Sysco Corp		1,773,927
	86,634		Walgreen Co		3,503,479
	120,380		Wal-Mart Stores, Inc		6,749,706
	14,450		Whole Foods Market, Inc		747,210
			TOTAL FOOD & STAPLES RETAILING		16,665,566
FOOD, BEVERAGE & TOBACCO - 5.1%
	124,421		Altria Group, Inc		2,925,138
	8,299		Brown-Forman Corp (Class B)		550,639
	12,220		Campbell Soup Co		417,191
	161,412		Coca-Cola Co		10,144,744
	20,612		Coca-Cola Enterprises, Inc		518,598
	5,103		ConAgra Foods, Inc		113,950
	7,756		Dr Pepper Snapple Group, Inc		274,795
	3,254		Flowers Foods, Inc		82,098
	40,467		General Mills, Inc		1,407,442
	11,344	*	Green Mountain Coffee Roasters, Inc		380,932
	13,427		H.J. Heinz Co		637,783
	5,788	*	Hansen Natural Corp		327,832
	9,115		Hershey Co		425,579
	23,844		Kellogg Co		1,199,353
	6,750		McCormick & Co, Inc		298,350
	2,851		Mead Johnson Nutrition Co		165,272
	95,257		PepsiCo, Inc		6,125,978
	160,174		Philip Morris International, Inc		9,168,359
	47,172		Sara Lee Corp		800,509
			TOTAL FOOD, BEVERAGE & TOBACCO		35,964,542
HEALTH CARE EQUIPMENT & SERVICES - 5.1%
	7,183		Alcon, Inc		1,169,823
	11,834	*	Allscripts Healthcare Solutions, Inc		249,816
	28,931		AmerisourceBergen Corp		1,037,466
	9,899		Bard (C.R.), Inc		933,971
	50,968		Baxter International, Inc		2,471,438
	23,991		Becton Dickinson & Co		1,990,053
	989	*	Brookdale Senior Living, Inc		21,610
	12,602		Cardinal Health, Inc		523,109
	4,049	*	CareFusion Corp		104,181
	7,099	*	Cerner Corp		701,735
	6,579	*	Community Health Systems, Inc		231,054
	746		Cooper Cos, Inc		42,776
	51,285		Covidien plc		2,434,499
	10,335	*	DaVita, Inc		763,240
	14,744		Dentsply International, Inc		523,117
	11,591	*	Edwards Lifesciences Corp		977,005
	3,440	*	Emdeon, Inc		50,534
	2,970	*	Emergency Medical Services Corp (Class A)		200,475
	56,145	*	Express Scripts, Inc		3,162,648
	5,196	*	Gen-Probe, Inc		326,776
	27,093	*	Health Management Associates, Inc (Class A)		246,546
	9,392	*	Henry Schein, Inc		616,679

67

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	5,321		Hill-Rom Holdings, Inc	$	215,341
	5,890	*	Idexx Laboratories, Inc		422,313
	3,994	*	Intuitive Surgical, Inc		1,289,703
	2,192	*	Inverness Medical Innovations, Inc		85,861
	496	*	Kinetic Concepts, Inc		22,880
	11,010	*	Laboratory Corp of America Holdings		989,909
	10,441		Lincare Holdings, Inc		282,429
	11,730		McKesson Corp		881,744
	44,546	*	Medco Health Solutions, Inc		2,718,197
	86,771		Medtronic, Inc		3,325,064
	1,122		Omnicare, Inc		29,082
	10,486		Patterson Cos, Inc		346,667
	4,548	*	Pediatrix Medical Group, Inc		300,850
	12,654		Quest Diagnostics, Inc		720,645
	15,249	*	Resmed, Inc		480,191
	33,702	*	St. Jude Medical, Inc		1,364,931
	32,662		Stryker Corp		1,880,025
	6,380	*	SXC Health Solutions Corp		306,942
	556		Teleflex, Inc		31,870
	36,152	*	Tenet Healthcare Corp		240,411
	5,618	*	Thoratec Corp		132,529
	550		Universal Health Services, Inc (Class B)		23,155
	12,652	*	Varian Medical Systems, Inc		854,896
	8,537	*	VCA Antech, Inc		195,668
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		35,919,854
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	2,186		Alberto-Culver Co		81,429
	43,608		Avon Products, Inc		1,234,541
	7,435		Church & Dwight Co, Inc		511,602
	14,053		Clorox Co		883,793
	42,490		Colgate-Palmolive Co		3,261,958
	11,281		Estee Lauder Cos (Class A)		908,121
	6,096		Herbalife Ltd		398,252
	33,688		Kimberly-Clark Corp		2,180,624
	17,920		Procter & Gamble Co		1,131,290
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		10,591,610
INSURANCE - 1.0%
	5,279		ACE Ltd		325,134
	45,519		Aflac, Inc		2,620,983
	6,375		AON Corp		291,593
	289	*	Arch Capital Group Ltd		25,504
	3,139		Arthur J. Gallagher & Co		93,166
	3,323		Axis Capital Holdings Ltd		118,232
	6,464		Brown & Brown, Inc		160,049
	445		Endurance Specialty Holdings Ltd		20,688
	2,265		Erie Indemnity Co (Class A)		150,441
	10,066	*	Genworth Financial, Inc (Class A)		136,596
	3,994		Hartford Financial Services Group, Inc		110,953
	50,721		Marsh & McLennan Cos, Inc		1,414,101
	20,438		Metlife, Inc		935,447

68

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	5,622		Travelers Cos, Inc	$	316,294
	1,039		Validus Holdings Ltd		31,586
			TOTAL INSURANCE		6,750,767
MATERIALS - 4.9%
	21,616		Air Products & Chemicals, Inc		1,885,996
	8,362		Airgas, Inc		524,047
	2,402		AK Steel Holding Corp		38,192
	9,303		Albemarle Corp		522,456
	14,762		Alcoa, Inc		244,606
	9,934		Allegheny Technologies, Inc		647,597
	777		Ashland, Inc		45,113
	2,184		Ball Corp		155,348
	4,515		Carpenter Technology Corp		185,792
	15,874		Celanese Corp (Series A)		658,612
	5,297		CF Industries Holdings, Inc		715,307
	14,181		Cleveland-Cliffs, Inc		1,211,908
	3,377		Compass Minerals International, Inc		310,245
	16,926	*	Crown Holdings, Inc		564,651
	32,004		Du Pont (E.I.) de Nemours & Co		1,621,963
	4,324		Eagle Materials, Inc		125,396
	1,530		Eastman Chemical Co		142,076
	24,041		Ecolab, Inc		1,194,597
	5,070		FMC Corp		385,624
	48,303		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,252,951
	8,067		International Flavors & Fragrances, Inc		460,222
	34,748		International Paper Co		1,003,522
	7,019		Lubrizol Corp		754,262
	4,431		Martin Marietta Materials, Inc		369,989
	56,286		Monsanto Co		4,130,267
	16,134		Mosaic Co		1,307,499
	13,777		Nalco Holding Co		419,647
	48,772		Newmont Mining Corp		2,685,874
	13,713		Nucor Corp		629,564
	5,100	*	Owens-Illinois, Inc		150,399
	2,867		PPG Industries, Inc		241,631
	31,357		Praxair, Inc		2,917,455
	686		Reliance Steel & Aluminum Co		35,871
	1,135		Royal Gold, Inc		52,664
	6,485		RPM International, Inc		151,944
	398		Schnitzer Steel Industries, Inc (Class A)		24,557
	4,868		Scotts Miracle-Gro Co (Class A)		251,530
	5,747		Sherwin-Williams Co		486,943
	11,519		Sigma-Aldrich Corp		733,184
	17,356		Southern Copper Corp (NY)		777,896
	2,510		Temple-Inland, Inc		60,215
	8,610	*	Titanium Metals Corp		162,299
	2,746		United States Steel Corp		158,362
	891		Valspar Corp		33,297
	4,298		Walter Energy, Inc		559,900
			TOTAL MATERIALS		34,991,470

69

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
MEDIA - 1.6%
	7,219		CBS Corp (Class B)	$	143,153
	84,130	*	DIRECTV		3,566,270
	21,135	*	Discovery Communications, Inc (Class A)		824,265
	7,242	*	DreamWorks Animation SKG, Inc (Class A)		203,283
	49,155	*	Interpublic Group of Cos, Inc		525,467
	4,222		John Wiley & Sons, Inc (Class A)		194,001
	1,073	*	Lamar Advertising Co (Class A)		39,529
	1,739	*	Madison Square Garden, Inc		43,858
	22,689		McGraw-Hill Cos, Inc		884,417
	1,368		Meredith Corp		46,102
	2,380		Morningstar, Inc		127,140
	47,785		News Corp (Class A)		717,731
	25,216		Omnicom Group, Inc		1,131,694
	1,676		Regal Entertainment Group (Class A)		20,380
	9,466		Scripps Networks Interactive (Class A)		440,169
	402,449	*	Sirius XM Radio, Inc		649,955
	12,804		Thomson Corp		512,288
	24,091		Time Warner, Inc		757,662
	12,602		Viacom, Inc (Class B)		523,613
			TOTAL MEDIA		11,350,977
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.5%
	143,021		Abbott Laboratories		6,458,829
	35,438	*	Agilent Technologies, Inc		1,482,371
	9,215	*	Alexion Pharmaceuticals, Inc		772,401
	31,435		Allergan, Inc		2,219,625
	14,698	*	Amylin Pharmaceuticals, Inc		237,814
	10,799	*	BioMarin Pharmaceuticals, Inc		274,511
	47,081	*	Celgene Corp		2,426,084
	1,411	*	Charles River Laboratories International, Inc		54,112
	6,452	*	Covance, Inc		363,764
	14,929	*	Dendreon Corp		523,112
	24,382		Eli Lilly & Co		847,762
	20,810	*	Genzyme Corp		1,526,414
	85,895	*	Gilead Sciences, Inc		3,296,650
	16,960	*	Hospira, Inc		936,701
	19,567	*	Human Genome Sciences, Inc		474,695
	12,490	*	Illumina, Inc		866,056
	42,432		Johnson & Johnson		2,536,161
	13,292	*	Life Technologies Corp		721,623
	3,459	*	Mettler-Toledo International, Inc		516,048
	36,827	*	Mylan Laboratories, Inc		852,913
	9,090	*	Myriad Genetics, Inc		181,436
	5,363		PerkinElmer, Inc		137,186
	8,637		Perrigo Co		628,255
	11,006		Pharmaceutical Product Development, Inc		320,715
	7,222	*	Regeneron Pharmaceuticals, Inc		243,237
	5,139	*	Talecris Biotherapeutics Holdings Corp		125,906
	3,844		Techne Corp		265,044
	5,115	*	United Therapeutics Corp		347,718
	21,105	*	Vertex Pharmaceuticals, Inc		820,773

70

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	8,882		Warner Chilcott plc	$	213,079
	9,565	*	Waters Corp		730,670
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		31,401,665
REAL ESTATE - 1.1%
	1,288		AMB Property Corp		43,212
	6,631		Apartment Investment & Management Co (Class A)		169,488
	29,573	*	CB Richard Ellis Group, Inc (Class A)		656,226
	8,276		Digital Realty Trust, Inc		450,214
	1,611		Equity Residential		87,300
	1,228		Essex Property Trust, Inc		142,448
	3,763		Federal Realty Investment Trust		302,658
	34,787		General Growth Properties, Inc		515,196
	2,415	*	Howard Hughes Corp		121,426
	4,274		Jones Lang LaSalle, Inc		378,847
	7,262		Plum Creek Timber Co, Inc		304,060
	4,297		Prologis		64,111
	13,081		Public Storage, Inc		1,425,568
	2,420		Rayonier, Inc		143,288
	20,725		Simon Property Group, Inc		2,102,552
	9,171	*	St. Joe Co		251,377
	953		UDR, Inc		22,376
	4,161		Ventas, Inc		230,769
	1,698		Vornado Realty Trust		149,577
			TOTAL REAL ESTATE		7,560,693
RETAILING - 5.9%
	7,044		Abercrombie & Fitch Co (Class A)		355,088
	9,382		Advance Auto Parts, Inc		599,885
	9,500	*	Aeropostale, Inc		229,140
	35,938	*	Amazon.com, Inc		6,096,522
	5,592		American Eagle Outfitters, Inc		80,860
	2,025	*	Autonation, Inc		58,138
	2,724	*	Autozone, Inc		690,616
	26,798	*	Bed Bath & Beyond, Inc		1,286,304
	33,443		Best Buy Co, Inc		1,137,062
	7,909	*	Big Lots, Inc		251,427
	22,994	*	Carmax, Inc		750,754
	18,658		Chico’s FAS, Inc		203,745
	8,953	*	Dick’s Sporting Goods, Inc		323,114
	7,505	*	Dollar General Corp		208,714
	13,043	*	Dollar Tree, Inc		659,715
	8,272		Expedia, Inc		208,124
	13,329		Family Dollar Stores, Inc		566,216
	39,481		Gap, Inc		760,799
	6,567		Guess ?, Inc		280,936
	173,945		Home Depot, Inc		6,395,957
	5,885	*	J Crew Group, Inc		255,527
	8,085		JC Penney Co, Inc		259,286
	23,113	*	Kohl’s Corp		1,173,678
	27,420		Limited Brands, Inc		801,761
	14,337	*	LKQ Corp		346,382

71

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	113,327		Lowe’s Cos, Inc	$	2,810,509
	4,904		Macy’s, Inc		113,528
	4,120	*	NetFlix, Inc		882,010
	16,730		Nordstrom, Inc		688,941
	4,502	*	Office Depot, Inc		23,636
	14,214	*	O’Reilly Automotive, Inc		807,782
	11,970		Petsmart, Inc		481,673
	4,854	*	Priceline.com, Inc		2,080,036
	12,556		Ross Stores, Inc		818,651
	74,300		Staples, Inc		1,657,633
	75,350		Target Corp		4,131,441
	12,974		Tiffany & Co		754,179
	41,593		TJX Companies, Inc		1,971,092
	7,468		Tractor Supply Co		383,183
	12,372	*	Urban Outfitters, Inc		418,421
	9,390		Williams-Sonoma, Inc		302,358
			TOTAL RETAILING		42,304,823
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.2%
	25,801	*	Advanced Micro Devices, Inc		202,022
	31,598		Altera Corp		1,187,137
	30,808		Analog Devices, Inc		1,196,275
	137,447		Applied Materials, Inc		2,156,543
	6,934	*	Atheros Communications, Inc		309,187
	42,002	*	Atmel Corp		568,707
	11,042		Avago Technologies Ltd		317,016
	50,965		Broadcom Corp (Class A)		2,298,012
	11,061	*	Cree, Inc		558,470
	17,128	*	Cypress Semiconductor Corp		370,821
	5,709	*	First Solar, Inc		882,497
	390,941		Intel Corp		8,389,593
	4,271		Intersil Corp (Class A)		64,578
	830		Kla-Tencor Corp		36,586
	13,099	*	Lam Research Corp		653,509
	23,076		Linear Technology Corp		802,814
	55,340	*	Marvell Technology Group Ltd		1,052,013
	31,134		Maxim Integrated Products, Inc		803,880
	10,141	*	MEMC Electronic Materials, Inc		112,464
	19,018		Microchip Technology, Inc		693,586
	22,281		National Semiconductor Corp		337,780
	8,306	*	Novellus Systems, Inc		299,597
	58,255	*	Nvidia Corp		1,393,460
	43,766	*	ON Semiconductor Corp		483,614
	1,080	*	PMC - Sierra, Inc		8,446
	10,577	*	Rambus, Inc		216,723
	4,647	*	Silicon Laboratories, Inc		206,699
	17,969	*	Skyworks Solutions, Inc		570,875
	4,915	*	Sunpower Corp (Class A)		66,058
	17,649	*	Teradyne, Inc		294,385
	57,532		Texas Instruments, Inc		1,950,910
	7,470	*	Varian Semiconductor Equipment Associates, Inc		332,042
	26,347		Xilinx, Inc		848,373
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		29,664,672

72

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 14.7%
	63,322		Accenture plc	$	3,259,183
	14,064		Activision Blizzard, Inc		158,783
	53,586	*	Adobe Systems, Inc		1,771,017
	18,486	*	Akamai Technologies, Inc		893,244
	5,485	*	Alliance Data Systems Corp		388,009
	5,868	*	Amdocs Ltd		170,994
	9,184	*	Ansys, Inc		481,701
	23,429	*	Autodesk, Inc		953,092
	51,609		Automatic Data Processing, Inc		2,472,071
	18,535	*	BMC Software, Inc		884,120
	1,052	*	Booz Allen Hamilton Holding Co		19,630
	11,638		Broadridge Financial Solutions, Inc		266,394
	32,497		CA, Inc		773,429
	26,986	*	Cadence Design Systems, Inc		234,238
	19,424	*	Citrix Systems, Inc		1,227,208
	30,744	*	Cognizant Technology Solutions Corp (Class A)		2,242,775
	13,061	*	Compuware Corp		140,014
	3,501		DST Systems, Inc		166,508
	44,337	*	eBay, Inc		1,346,071
	31,098	*	Electronic Arts, Inc		484,818
	4,562	*	Equinix, Inc		403,372
	4,734		Factset Research Systems, Inc		477,187
	10,544	*	Fiserv, Inc		651,303
	7,795	*	Gartner, Inc		276,099
	6,076	*	Genpact Ltd		91,930
	8,381		Global Payments, Inc		395,918
	25,028	*	Google, Inc (Class A)		15,025,809
	3,265	*	IAC/InterActiveCorp		92,367
	9,348	*	Informatica Corp		433,747
	131,727		International Business Machines Corp		21,339,773
	29,293	*	Intuit, Inc		1,374,720
	9,280		Lender Processing Services, Inc		294,547
	10,055		Mastercard, Inc (Class A)		2,378,108
	16,031	*	McAfee, Inc		767,885
	8,187	*	Micros Systems, Inc		374,473
	526,381		Microsoft Corp		14,593,913
	6,698	*	Monster Worldwide, Inc		111,522
	7,605	*	NeuStar, Inc (Class A)		204,042
	23,217	*	Nuance Communications, Inc		472,002
	391,323		Oracle Corp		12,534,076
	33,993		Paychex, Inc		1,087,776
	19,309	*	Red Hat, Inc		797,848
	10,565	*	Rovi Corp		652,494
	31,110	*	SAIC, Inc		515,493
	11,734	*	Salesforce.com, Inc		1,515,329
	7,016		Solera Holdings, Inc		367,147
	7,683	*	Symantec Corp		135,298
	1,222	*	Synopsys, Inc		33,153
	17,137	*	Teradata Corp		736,720

73

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	18,158		VeriSign, Inc	$	611,017
	47,803		Visa, Inc (Class A)		3,339,040
	4,403	*	VistaPrint Ltd		222,968
	7,564	*	VMware, Inc (Class A)		646,873
	6,092	*	WebMD Health Corp (Class A)		318,490
	68,419		Western Union Co		1,387,537
	58,478	*	Yahoo!, Inc		942,665
			TOTAL SOFTWARE & SERVICES		103,935,940
TECHNOLOGY HARDWARE & EQUIPMENT - 11.8%
	17,750		Amphenol Corp (Class A)		982,284
	93,472	*	Apple, Inc		31,716,918
	1,357	*	Arrow Electronics, Inc		51,295
	853		AVX Corp		13,375
	9,232	*	Ciena Corp		203,381
	585,970	*	Cisco Systems, Inc		12,393,266
	20,032		Corning, Inc		444,911
	174,599	*	Dell, Inc		2,297,723
	2,359		Diebold, Inc		72,327
	5,542	*	Dolby Laboratories, Inc (Class A)		330,857
	211,730	*	EMC Corp		5,269,960
	8,190	*	F5 Networks, Inc		887,632
	15,550	*	Flir Systems, Inc		482,672
	13,434		Harris Corp		625,218
	225,226		Hewlett-Packard Co		10,290,576
	624	*	Ingram Micro, Inc (Class A)		12,318
	3,648	*	Itron, Inc		211,657
	12,811		Jabil Circuit, Inc		258,910
	22,259	*	JDS Uniphase Corp		377,735
	53,789	*	Juniper Networks, Inc		1,996,648
	5,850		National Instruments Corp		247,514
	16,217	*	NCR Corp		265,959
	35,720	*	NetApp, Inc		1,954,956
	8,792	*	Polycom, Inc		385,529
	10,643	*	QLogic Corp		189,552
	168,504		Qualcomm, Inc		9,121,122
	23,467	*	SanDisk Corp		1,064,698
	35,484	*	Seagate Technology, Inc		496,776
	12,252	*	Trimble Navigation Ltd		564,572
	5,251	*	Western Digital Corp		178,639
	3,397	*	Zebra Technologies Corp (Class A)		132,143
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		83,521,123
TELECOMMUNICATION SERVICES - 0.8%
	41,461	*	American Tower Corp (Class A)		2,108,705
	11,923	*	Clearwire Corp (Class A)		63,073
	30,456	*	Crown Castle International Corp		1,284,330
	37,851		Frontier Communications Corp		347,093
	73,116	*	Level 3 Communications, Inc		89,933
	12,177	*	MetroPCS Communications, Inc		157,449
	13,255	*	NII Holdings, Inc (Class B)		556,445
	11,785	*	SBA Communications Corp (Class A)		480,828

74

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	14,953	*	tw telecom inc (Class A)	$	256,444
	21,101		Windstream Corp		270,304
			TOTAL TELECOMMUNICATION SERVICES		5,614,604
TRANSPORTATION - 2.0%
	12,173	*	AMR Corp		85,820
	17,328		CH Robinson Worldwide, Inc		1,335,816
	1,022		Con-way, Inc		34,768
	2,025		Copa Holdings S.A. (Class A)		113,906
	80,265	*	Delta Air Lines, Inc		936,692
	21,670		Expeditors International Washington, Inc		1,098,019
	20,595		FedEx Corp		1,860,140
	17,713	*	Hertz Global Holdings, Inc		260,558
	9,371		J.B. Hunt Transport Services, Inc		384,211
	6,557	*	Kansas City Southern Industries, Inc		327,719
	308	*	Kirby Corp		14,396
	5,100		Landstar System, Inc		211,293
	2,826		Ryder System, Inc		135,874
	10,343		Southwest Airlines Co		122,565
	28,207	*	UAL Corp		716,458
	6,565		Union Pacific Corp		621,247
	73,544		United Parcel Service, Inc (Class B)		5,267,221
	8,694		UTI Worldwide, Inc		190,399
			TOTAL TRANSPORTATION		13,717,102
UTILITIES - 0.0%
	16,244	*	Calpine Corp		231,802
	4,540		ITC Holdings Corp		298,278
	889		Ormat Technologies, Inc		27,346
			TOTAL UTILITIES		557,426
			TOTAL COMMON STOCKS		700,983,729
			(Cost $573,326,865)
RIGHTS / WARRANTS - 0.0%
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	249		Celgene Corp		590
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		590
CONSUMER SERVICES - 0.0%
	20		Krispy Kreme Doughnuts, Inc - CW12		4
			TOTAL CONSUMER SERVICES		4
			TOTAL RIGHTS / WARRANTS		594
			(Cost $1,320)

75

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

PRINCIPAL		ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.4%
GOVERNMENT AGENCY DEBT - 0.4%
	$  2,625,000	Federal Home Loan Bank	02/01/11		2,625,000
					2,625,000

TOTAL SHORT-TERM INVESTMENTS	$	2,625,000
(Cost $2,625,000)
TOTAL INVESTMENTS - 99.8%		703,609,323
(Cost $575,953,185)
OTHER ASSETS & LIABILITIES, NET - 0.2%		1,348,132
NET ASSETS - 100.0%	$	704,957,455

*	Non-income producing.
d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.

76

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.6%
AUTOMOBILES & COMPONENTS - 0.2%
	6,557		Autoliv, Inc	$	503,579
	1,015	*	BorgWarner, Inc		68,411
	2,408	*	Federal Mogul Corp (Class A)		56,732
	3,922		Johnson Controls, Inc		150,566
	3,942	*	Lear Corp (New)		416,393
	1,000	*	Tesla Motors, Inc		24,100
	3,084	*	TRW Automotive Holdings Corp		183,991
			TOTAL AUTOMOBILES & COMPONENTS		1,403,772
BANKS - 6.0%
	19,525		Associated Banc-Corp		272,960
	8,535		Bancorpsouth, Inc		133,487
	3,831		Bank of Hawaii Corp		179,559
	79,921		BB&T Corp		2,209,016
	3,076		BOK Financial Corp		158,968
	36,458		CapitalSource, Inc		281,456
	6,021		Capitol Federal Financial		73,396
	23,226	*	CIT Group, Inc		1,107,648
	5,255		City National Corp		303,686
	20,418		Comerica, Inc		779,968
	8,891		Commerce Bancshares, Inc		365,687
	6,259		Cullen/Frost Bankers, Inc		361,645
	17,409		East West Bancorp, Inc		377,949
	106,000		Fifth Third Bancorp		1,576,220
	753		First Citizens Bancshares, Inc (Class A)		151,481
	27,706	*	First Horizon National Corp		313,909
	23,447		First Niagara Financial Group, Inc		325,444
	22,893		Fulton Financial Corp		236,256
	50,129		Hudson City Bancorp, Inc		550,416
	99,685		Huntington Bancshares, Inc		721,719
	100,623		Keycorp		895,545
	8,715		M&T Bank Corp		753,586
	60,364		Marshall & Ilsley Corp		421,944
	50,773		New York Community Bancorp, Inc		930,161
	43,172		People’s United Financial, Inc		557,351
	60,753		PNC Financial Services Group, Inc		3,645,180
	118,547	*	Popular, Inc		380,536
	143,643		Regions Financial Corp		1,019,865
	57,683		SunTrust Banks, Inc		1,755,294
	88,123		Synovus Financial Corp		232,645
	16,053		TCF Financial Corp		239,832
	8,210		TFS Financial Corp		80,048
	221,499		US Bancorp		5,980,473
	18,564		Valley National Bancorp		251,171

77

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	12,971		Washington Federal, Inc	$	224,269
	562,292		Wells Fargo & Co		18,229,506
	14,476		Wilmington Trust Corp		63,405
	19,776		Zions Bancorporation		466,318
			TOTAL BANKS		46,607,999
CAPITAL GOODS - 6.5%
	7,967	*	Aecom Technology Corp		233,194
	10,515	*	AGCO Corp		533,111
	539	*	Alliant Techsystems, Inc		40,835
	2,221		Armstrong World Industries, Inc		90,195
	2,473	*	Babcock & Wilcox Co		72,335
	11,125	*	BE Aerospace, Inc		430,426
	16,863		Boeing Co		1,171,641
	6,461		Carlisle Cos, Inc		243,644
	7,030	*	Chicago Bridge & Iron Co NV		231,217
	2,675	*	CNH Global NV		129,550
	5,637		Crane Co		250,339
	4,716		Danaher Corp		217,219
	2,728		Deere & Co		247,975
	7,854		Dover Corp		503,441
	14,255		Eaton Corp		1,538,970
	1,148		Flowserve Corp		143,489
	19,168		Fluor Corp		1,326,234
	345		Gardner Denver, Inc		24,888
	3,920		GATX Corp		130,340
	4,303	*	General Cable Corp		159,254
	39,915		General Dynamics Corp		3,009,591
	947,521		General Electric Co		19,083,074
	10,294		Goodrich Corp		932,842
	8,515		Harsco Corp		274,779
	3,907		Hubbell, Inc (Class B)		239,265
	1,628		IDEX Corp		64,566
	37,186		Ingersoll-Rand plc		1,755,180
	20,852		ITT Industries, Inc		1,228,600
	5,662	*	Jacobs Engineering Group, Inc		290,857
	17,338		KBR, Inc		556,550
	2,714		Kennametal, Inc		110,188
	13,427		L-3 Communications Holdings, Inc		1,050,663
	7,688		Lockheed Martin Corp		611,965
	29,139		Masco Corp		388,132
	34,774		Northrop Grumman Corp		2,409,838
	6,188	*	Owens Corning, Inc		207,112
	13,094		Parker Hannifin Corp		1,170,735
	4,994		Pentair, Inc		180,633
	23,943	*	Quanta Services, Inc		568,167
	43,940		Raytheon Co		2,196,561
	638		Regal-Beloit Corp		42,580
	8,821		Rockwell Collins, Inc		565,779
	4,356	*	Shaw Group, Inc		164,526
	6,406		Snap-On, Inc		362,772
	10,302	*	Spirit Aerosystems Holdings, Inc (Class A)		243,333

78

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	4,406		SPX Corp	$	345,342
	12,864	*	Terex Corp		417,180
	14,827		Textron, Inc		389,802
	4,949	*	Thomas & Betts Corp		254,329
	2,818		Timken Co		132,502
	9,380		Trinity Industries, Inc		261,608
	47,203		Tyco International Ltd		2,116,110
	9,504		United Technologies Corp		772,675
	9,279	*	URS Corp		412,452
	5,783	*	USG Corp		93,800
	3,576	*	WESCO International, Inc		200,435
	4,636		Westinghouse Air Brake Technologies Corp		251,271
			TOTAL CAPITAL GOODS		51,074,091
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	4,385		Aaron’s, Inc		84,148
	11,788		Avery Dennison Corp		496,157
	15,027		Cintas Corp		421,658
	10,500	*	Corrections Corp of America		260,505
	14,177		Covanta Holding Corp		239,875
	14,843		Equifax, Inc		530,192
	914	*	FTI Consulting, Inc		33,334
	2,358	*	KAR Auction Services, Inc		34,993
	9,514		Manpower, Inc		614,319
	6,374		Pitney Bowes, Inc		154,761
	22,280		R.R. Donnelley & Sons Co		394,802
	26,680		Republic Services, Inc		822,811
	4,127		Towers Watson & Co		225,045
	2,851		Waste Connections, Inc		82,593
	55,795		Waste Management, Inc		2,112,956
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,508,149
CONSUMER DURABLES & APPAREL - 1.0%
	32,195		DR Horton, Inc		398,896
	15,279		Fortune Brands, Inc		942,408
	12,255		Garmin Ltd		377,822
	4,140	*	Harman International Industries, Inc		179,345
	10,598		Jarden Corp		359,272
	9,376		KB Home		139,140
	7,236		Leggett & Platt, Inc		163,027
	17,686		Lennar Corp (Class A)		342,401
	17,355		Mattel, Inc		410,966
	3,804		MDC Holdings, Inc		117,582
	5,886	*	Mohawk Industries, Inc		326,967
	35,115		Newell Rubbermaid, Inc		675,964
	38,859	*	Pulte Homes, Inc		306,598
	18,287		Stanley Works		1,329,098
	16,749	*	Toll Brothers, Inc		339,000
	10,081		VF Corp		833,900
	4,990		Whirlpool Corp		426,645
			TOTAL CONSUMER DURABLES & APPAREL		7,669,031

79

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 0.6%
	2,143		Brinker International, Inc	$	50,425
	31,609		Carnival Corp		1,413,238
	2,971		Choice Hotels International, Inc		112,690
	3,535	*	Education Management Corp		65,009
	21,349		H&R Block, Inc		267,289
	4,952	*	Hyatt Hotels Corp		240,618
	2,685		International Speedway Corp (Class A)		77,677
	29,157	*	MGM Mirage		432,398
	7,830	*	Penn National Gaming, Inc		279,766
	9,353	*	Royal Caribbean Cruises Ltd		419,950
	28,798		Service Corp International		249,679
	20,722		Wendy’s/Arby’s Group, Inc (Class A)		100,087
	20,693		Wyndham Worldwide Corp		582,094
			TOTAL CONSUMER SERVICES		4,290,920
DIVERSIFIED FINANCIALS - 11.9%
	23,722		Ameriprise Financial, Inc		1,462,461
	22,071		Ares Capital Corp		370,572
	1,159,442		Bank of America Corp		15,919,139
	140,125		Bank of New York Mellon Corp		4,376,104
	7,251		BlackRock, Inc		1,435,843
	52,735		Capital One Financial Corp		2,539,718
	800		CBOE Holdings, Inc		18,408
	2,441,868	*	Citigroup, Inc		11,769,804
	7,611		CME Group, Inc		2,348,450
	62,885		Discover Financial Services		1,294,802
	25,381	*	E*Trade Financial Corp		420,309
	2,893		Federated Investors, Inc (Class B)		78,342
	59,400		Goldman Sachs Group, Inc		9,719,028
	400	*	Green Dot Corp		25,164
	2,724		Interactive Brokers Group, Inc (Class A)		44,047
	37,263		Invesco Ltd		921,887
	129,000		iShares Russell 1000 Value Index Fund		8,550,120
	18,990		Janus Capital Group, Inc		245,161
	13,700		Jefferies Group, Inc		342,637
	459,733		JPMorgan Chase & Co		20,660,401
	17,578		Legg Mason, Inc		582,359
	22,502		Leucadia National Corp		731,765
	1,500	*	LPL Investment Holdings, Inc		51,390
	119,167		Morgan Stanley		3,503,510
	13,580	*	Nasdaq Stock Market, Inc		332,438
	16,847		Northern Trust Corp		875,707
	23,409		NYSE Euronext		744,640
	11,658		Raymond James Financial, Inc		422,253
	55,830	*	SLM Corp		804,510
	57,958		State Street Corp		2,707,798
			TOTAL DIVERSIFIED FINANCIALS		93,298,767
ENERGY - 12.5%
	12,244	*	Alpha Natural Resources, Inc		657,870
	57,152		Anadarko Petroleum Corp		4,405,276

80

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	44,074		Apache Corp	$	5,260,673
	5,677		Arch Coal, Inc		194,437
	2,693	*	Atlas America, Inc		119,300
	5,379	*	Atwood Oceanics, Inc		217,419
	35,914		Baker Hughes, Inc		2,460,468
	11,912		Cabot Oil & Gas Corp		495,897
	12,105	*	Cameron International Corp		645,197
	75,303		Chesapeake Energy Corp		2,223,698
	219,759		Chevron Corp		20,861,722
	9,533	*	Cobalt International Energy, Inc		129,172
	5,696	*	Comstock Resources, Inc		157,779
	106,125		ConocoPhillips		7,583,693
	14,080		Consol Energy, Inc		699,776
	289	*	Continental Resources, Inc		18,557
	46,138	*	Denbury Resources, Inc		938,908
	51,565	*	Devon Energy Corp		4,573,300
	5,561		Diamond Offshore Drilling, Inc		398,779
	1,421	*	Dresser-Rand Group, Inc		65,267
	66,947		El Paso Corp		1,063,118
	1,020		Equitable Resources, Inc		49,154
	6,529	*	Exterran Holdings, Inc		161,984
	47,625	d	Exxon Mobil Corp		3,842,385
	4,259	*	Forest Oil Corp		165,249
	12,311	*	Frontier Oil Corp		256,069
	1,024		Frontline Ltd		26,552
	10,714		Helmerich & Payne, Inc		629,233
	34,425		Hess Corp		2,895,831
	1,473		Holly Corp		72,280
	60,038		Marathon Oil Corp		2,743,737
	11,727		Massey Energy Co		737,159
	6,247	*	McDermott International, Inc		129,813
	19,427		Murphy Oil Corp		1,288,010
	19,852	*	Nabors Industries Ltd		484,389
	48,409		National Oilwell Varco, Inc		3,577,426
	15,542	*	Newfield Exploration Co		1,137,208
	20,039		Noble Energy, Inc		1,825,553
	74,740		Occidental Petroleum Corp		7,225,863
	6,440	*	Oceaneering International, Inc		497,361
	5,700	*	Oil States International, Inc		386,232
	18,015		Patterson-UTI Energy, Inc		420,470
	31,095		Peabody Energy Corp		1,972,045
	9,530	*	PetroHawk Energy Corp		191,077
	13,443		Pioneer Natural Resources Co		1,279,236
	15,876	*	Plains Exploration & Production Co		562,010
	12,242	*	Pride International, Inc		397,865
	20,086		Questar Market Resources, Inc		816,295
	12,923	*	Quicksilver Resources, Inc		193,974
	12,680	*	Rowan Cos, Inc		434,670
	18,712	*	SandRidge Energy, Inc		139,217
	20,026		Schlumberger Ltd		1,782,114
	2,606		SEACOR Holdings, Inc		275,428
	14,374		Southern Union Co		384,073

81

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	74,837		Spectra Energy Corp	$	1,962,975
	2,460		St. Mary Land & Exploration Co		152,914
	13,614		Sunoco, Inc		577,914
	8,432	*	Superior Energy Services		296,132
	5,040		Teekay Corp		170,654
	15,895	*	Tesoro Corp		305,979
	5,819		Tidewater, Inc		346,172
	4,775	*	Unit Corp		244,480
	65,415		Valero Energy Corp		1,658,924
	50,339	*	Weatherford International Ltd		1,194,041
	6,243	*	Whiting Petroleum Corp		788,366
	39,115		Williams Cos, Inc		1,055,714
			TOTAL ENERGY		98,904,533
FOOD & STAPLES RETAILING - 1.7%
	5,868	*	BJ’s Wholesale Club, Inc		257,840
	139,785		CVS Corp		4,780,647
	70,647		Kroger Co		1,511,846
	45,000		Safeway, Inc		931,050
	24,153		Supervalu, Inc		176,075
	9,490		Walgreen Co		383,776
	88,598		Wal-Mart Stores, Inc		4,967,690
			TOTAL FOOD & STAPLES RETAILING		13,008,924
FOOD, BEVERAGE & TOBACCO - 4.8%
	100,308		Altria Group, Inc		2,358,241
	74,309		Archer Daniels Midland Co		2,427,675
	3,084		Brown-Forman Corp (Class B)		204,623
	16,424		Bunge Ltd		1,117,982
	8,703		Campbell Soup Co		297,120
	8,058	*	Central European Distribution Corp		184,851
	61,771		Coca-Cola Co		3,882,307
	15,102		Coca-Cola Enterprises, Inc		379,966
	46,423		ConAgra Foods, Inc		1,036,626
	21,059	*	Constellation Brands, Inc (Class A)		404,754
	8,452		Corn Products International, Inc		389,891
	20,475	*	Dean Foods Co		207,821
	23,186		Del Monte Foods Co		439,607
	18,056		Dr Pepper Snapple Group, Inc		639,724
	5,754		Flowers Foods, Inc		145,173
	31,257		General Mills, Inc		1,087,118
	21,564		H.J. Heinz Co		1,024,290
	1,045	*	Hansen Natural Corp		59,189
	7,703		Hershey Co		359,653
	7,937		Hormel Foods Corp		392,088
	13,672		J.M. Smucker Co		849,852
	3,192		Kellogg Co		160,558
	185,283		Kraft Foods, Inc (Class A)		5,664,100
	17,897		Lorillard, Inc		1,346,570
	7,708		McCormick & Co, Inc		340,694
	20,529		Mead Johnson Nutrition Co		1,190,066
	15,669		Molson Coors Brewing Co (Class B)		734,406

82

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	79,128		PepsiCo, Inc	$	5,088,722
	33,798		Philip Morris International, Inc		1,934,598
	6,406	*	Ralcorp Holdings, Inc		392,047
	38,812		Reynolds American, Inc		1,234,610
	21,102		Sara Lee Corp		358,101
	15,998	*	Smithfield Foods, Inc		318,520
	34,677		Tyson Foods, Inc (Class A)		570,437
			TOTAL FOOD, BEVERAGE & TOBACCO		37,221,980
HEALTH CARE EQUIPMENT & SERVICES - 3.1%
	46,386		Aetna, Inc		1,527,955
	11,482		Baxter International, Inc		556,762
	8,011		Beckman Coulter, Inc		576,872
	173,013	*	Boston Scientific Corp		1,207,631
	8,605	*	Brookdale Senior Living, Inc		188,019
	27,618		Cardinal Health, Inc		1,146,423
	16,236	*	CareFusion Corp		417,752
	31,962		Cigna Corp		1,343,043
	3,590	*	Community Health Systems, Inc		126,081
	4,325		Cooper Cos, Inc		247,996
	16,908	*	Coventry Health Care, Inc		506,733
	600	*	Emdeon, Inc		8,814
	10,953	*	Health Net, Inc		312,489
	1,111		Hill-Rom Holdings, Inc		44,962
	29,157	*	Hologic, Inc		580,807
	19,493	*	Humana, Inc		1,130,009
	6,699	*	Inverness Medical Innovations, Inc		262,400
	6,428	*	Kinetic Concepts, Inc		296,524
	6,542	*	LifePoint Hospitals, Inc		230,278
	16,494		McKesson Corp		1,239,854
	29,700		Medtronic, Inc		1,138,104
	12,772		Omnicare, Inc		331,050
	676	*	Pediatrix Medical Group, Inc		44,717
	2,460		Quest Diagnostics, Inc		140,097
	3,842		Teleflex, Inc		220,223
	17,739	*	Tenet Healthcare Corp		117,964
	131,353		UnitedHealth Group, Inc		5,392,042
	9,661		Universal Health Services, Inc (Class B)		406,728
	46,104	*	WellPoint, Inc		2,863,981
	23,480	*	Zimmer Holdings, Inc		1,389,077
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		23,995,387
HOUSEHOLD & PERSONAL PRODUCTS - 2.8%
	7,783		Alberto-Culver Co		289,917
	1,249		Clorox Co		78,550
	9,361		Colgate-Palmolive Co		718,644
	8,159	*	Energizer Holdings, Inc		593,486
	9,944		Kimberly-Clark Corp		643,675
	312,808		Procter & Gamble Co		19,747,568
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		22,071,840

83

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
INSURANCE - 6.8%
	33,145		ACE Ltd	$	2,041,401
	3,042		Aflac, Inc		175,158
	837	*	Alleghany Corp		258,449
	4,773		Allied World Assurance Co Holdings Ltd		287,955
	62,079		Allstate Corp		1,933,140
	9,496		American Financial Group, Inc		308,905
	13,959	*	American International Group, Inc		563,246
	752		American National Insurance Co		62,702
	31,132		AON Corp		1,423,978
	5,353	*	Arch Capital Group Ltd		472,402
	8,747		Arthur J. Gallagher & Co		259,611
	8,590		Aspen Insurance Holdings Ltd		258,130
	13,121		Assurant, Inc		514,737
	21,036		Assured Guaranty Ltd		304,181
	9,421		Axis Capital Holdings Ltd		335,199
	199,817	*	Berkshire Hathaway, Inc (Class B)		16,335,039
	6,286		Brown & Brown, Inc		155,641
	35,189		Chubb Corp		2,038,499
	17,225		Cincinnati Financial Corp		551,889
	2,702	*	CNA Financial Corp		72,603
	4,646		Endurance Specialty Holdings Ltd		215,993
	876		Erie Indemnity Co (Class A)		58,184
	6,621		Everest Re Group Ltd		558,018
	25,564		Fidelity National Title Group, Inc (Class A)		343,836
	45,454	*	Genworth Financial, Inc (Class A)		616,811
	5,274		Hanover Insurance Group, Inc		249,460
	47,174		Hartford Financial Services Group, Inc		1,310,494
	12,974		HCC Insurance Holdings, Inc		392,853
	34,552		Lincoln National Corp		996,480
	36,322		Loews Corp		1,454,696
	1,124	*	Markel Corp		452,410
	5,358		Marsh & McLennan Cos, Inc		149,381
	18,021	*	MBIA, Inc		192,825
	3,189		Mercury General Corp		135,373
	51,660		Metlife, Inc		2,364,477
	28,807		Old Republic International Corp		352,310
	2,974		OneBeacon Insurance Group Ltd (Class A)		40,893
	8,993		PartnerRe Ltd		736,347
	36,972		Principal Financial Group		1,211,572
	76,803		Progressive Corp		1,521,467
	9,997		Protective Life Corp		275,617
	53,570		Prudential Financial, Inc		3,295,090
	8,779		Reinsurance Group of America, Inc (Class A)		505,319
	6,317		RenaissanceRe Holdings Ltd		414,522
	5,509		Stancorp Financial Group, Inc		245,756
	3,581		Symetra Financial Corp		47,377
	9,418		Torchmark Corp		586,741
	7,687		Transatlantic Holdings, Inc		395,496
	44,443		Travelers Cos, Inc		2,500,362
	6,011		Unitrin, Inc		161,756
	38,812		UnumProvident Corp		967,971
	7,265		Validus Holdings Ltd		220,856

84

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	14,507		W.R. Berkley Corp	$	409,823
	226		Wesco Financial Corp		84,929
	879		White Mountains Insurance Group Ltd		298,860
	37,362		XL Capital Ltd		856,337
			TOTAL INSURANCE		52,973,557
MATERIALS - 3.1%
	10,951		AK Steel Holding Corp		174,121
	100,864		Alcoa, Inc		1,671,316
	7,943		Aptargroup, Inc		381,741
	8,250		Ashland, Inc		478,995
	8,254		Ball Corp		587,107
	12,866		Bemis Co, Inc		418,788
	7,539		Cabot Corp		326,062
	2,375		CF Industries Holdings, Inc		320,720
	13,507		Commercial Metals Co		225,837
	5,665		Cytec Industries, Inc		308,969
	4,835		Domtar Corporation		425,142
	133,402		Dow Chemical Co		4,733,104
	68,533		Du Pont (E.I.) de Nemours & Co		3,473,252
	6,469		Eastman Chemical Co		600,711
	2,565		FMC Corp		195,094
	3,931		Greif, Inc (Class A)		247,850
	22,006		Huntsman Corp		383,124
	10,803		International Paper Co		311,991
	5,222	*	Intrepid Potash, Inc		188,723
	19,246		MeadWestvaco Corp		551,012
	20,746		Nucor Corp		952,449
	13,257	*	Owens-Illinois, Inc		390,949
	12,166		Packaging Corp of America		343,690
	16,011		PPG Industries, Inc		1,349,407
	7,175		Reliance Steel & Aluminum Co		375,181
	5,476		Royal Gold, Inc		254,086
	7,569		RPM International, Inc		177,342
	2,278		Schnitzer Steel Industries, Inc (Class A)		140,553
	18,489		Sealed Air Corp		493,471
	4,188		Sherwin-Williams Co		354,849
	953		Sigma-Aldrich Corp		60,658
	11,228		Sonoco Products Co		399,155
	25,044		Steel Dynamics, Inc		455,801
	10,061		Temple-Inland, Inc		241,363
	13,490		United States Steel Corp		777,968
	9,889		Valspar Corp		369,552
	14,750		Vulcan Materials Co		627,760
	1,475		Walter Energy, Inc		192,148
			TOTAL MATERIALS		23,960,041
MEDIA - 4.8%
	26,953		Cablevision Systems Corp (Class A)		912,359
	69,418		CBS Corp (Class B)		1,376,559
	4,801	*	Central European Media Enterprises Ltd (Class A) Nasdaq		87,378
	4,400	*	Clear Channel Outdoor Holdings, Inc (Class A)		61,116

85

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	325,104		Comcast Corp (Class A)	$	7,396,117
	8,807	*	Discovery Communications, Inc (Class A)		343,473
	23,019		DISH Network Corp (Class A)		485,931
	27,904		Gannett Co, Inc		411,305
	836		John Wiley & Sons, Inc (Class A)		38,414
	4,966	*	Lamar Advertising Co (Class A)		182,947
	27,239	*	Liberty Global, Inc (Class A)		1,104,814
	8,649	*	Liberty Media Corp - Capital (Series A)		567,893
	5,990	*	Liberty Media Corp - Starz		399,353
	4,427	*	Madison Square Garden, Inc		111,649
	10,299		McGraw-Hill Cos, Inc		401,455
	2,342		Meredith Corp		78,925
	16,532	*	New York Times Co (Class A)		167,139
	208,893		News Corp (Class A)		3,137,573
	7,089		Omnicom Group, Inc		318,154
	7,358		Regal Entertainment Group (Class A)		89,473
	29,331		Thomson Corp		1,173,533
	40,916		Time Warner Cable, Inc		2,775,332
	104,570		Time Warner, Inc		3,288,727
	56,345		Viacom, Inc (Class B)		2,341,135
	37,903		Virgin Media, Inc		953,639
	226,326		Walt Disney Co		8,797,293
	618		Washington Post Co (Class B)		264,720
			TOTAL MEDIA		37,266,406
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	17,561		Abbott Laboratories		793,055
	110,683	*	Amgen, Inc		6,096,419
	27,981	*	Biogen Idec, Inc		1,831,916
	2,291	*	Bio-Rad Laboratories, Inc (Class A)		249,444
	198,706		Bristol-Myers Squibb Co		5,003,417
	118	*	Celgene Corp		6,081
	8,851	*	Cephalon, Inc		522,917
	5,686	*	Charles River Laboratories International, Inc		218,058
	90,465		Eli Lilly & Co		3,145,468
	13,232	*	Endo Pharmaceuticals Holdings, Inc		439,567
	33,205	*	Forest Laboratories, Inc		1,071,193
	7,420	*	Genzyme Corp		544,257
	270,838		Johnson & Johnson		16,187,987
	5,944	*	Life Technologies Corp		322,700
	360,306		Merck & Co, Inc		11,951,350
	7,830	*	Mylan Laboratories, Inc		181,343
	7,448		PerkinElmer, Inc		190,520
	932,171		Pfizer, Inc		16,984,156
	47,396	*	Thermo Electron Corp		2,714,369
	12,913	*	Watson Pharmaceuticals, Inc		704,017
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		69,158,234
REAL ESTATE - 3.5%
	6,462		Alexandria Real Estate Equities, Inc		497,832
	17,194		AMB Property Corp		576,859
	72,488		Annaly Mortgage Management, Inc		1,292,461

86

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	7,323		Apartment Investment & Management Co (Class A)	$	187,176
	9,407		AvalonBay Communities, Inc		1,090,554
	16,006		Boston Properties, Inc		1,510,487
	15,989		Brandywine Realty Trust		185,472
	7,289		BRE Properties, Inc (Class A)		325,454
	7,527		Camden Property Trust		417,222
	114,966		Chimera Investment Corp		482,857
	7,768		Corporate Office Properties Trust		283,920
	23,449		Developers Diversified Realty Corp		318,906
	833		Digital Realty Trust, Inc		45,315
	15,262		Douglas Emmett, Inc		281,279
	27,998		Duke Realty Corp		383,573
	30,558		Equity Residential		1,655,939
	2,280		Essex Property Trust, Inc		264,480
	2,918		Federal Realty Investment Trust		234,695
	14,615	*	Forest City Enterprises, Inc (Class A)		247,140
	9,093		General Growth Properties, Inc		134,667
	42,803		HCP, Inc		1,587,564
	16,626		Health Care REIT, Inc		816,004
	13,789		Hospitality Properties Trust		342,932
	75,699		Host Marriott Corp		1,401,188
	580	*	Howard Hughes Corp		29,162
	8,961		HRPT Properties Trust		238,990
	46,446		Kimco Realty Corp		840,208
	12,482		Liberty Property Trust		433,999
	14,950		Macerich Co		727,467
	8,954		Mack-Cali Realty Corp		313,569
	14,531		Nationwide Health Properties, Inc		545,639
	5,700		Piedmont Office Realty Trust, Inc		112,746
	10,991		Plum Creek Timber Co, Inc		460,193
	62,257		Prologis		928,874
	1,535		Public Storage, Inc		167,284
	6,561		Rayonier, Inc		388,477
	13,569		Realty Income Corp		474,372
	9,601		Regency Centers Corp		413,899
	16,364		Senior Housing Properties Trust		366,881
	10,237		Simon Property Group, Inc		1,038,544
	9,172		SL Green Realty Corp		667,355
	2,073	*	St. Joe Co		56,821
	6,576		Taubman Centers, Inc		344,254
	20,003		UDR, Inc		469,670
	13,167		Ventas, Inc		730,242
	17,023		Vornado Realty Trust		1,499,556
	13,433		Weingarten Realty Investors		329,377
	60,919		Weyerhaeuser Co		1,412,102
			TOTAL REAL ESTATE		27,553,657
RETAILING - 1.0%
	2,521		Abercrombie & Fitch Co (Class A)		127,084
	17,192		American Eagle Outfitters, Inc		248,596
	5,001	*	Autonation, Inc		143,579
	13,697		Expedia, Inc		344,617

87

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	18,282		Foot Locker, Inc	$	326,517
	17,637	*	GameStop Corp (Class A)		371,612
	5,727		Gap, Inc		110,359
	18,253		Genuine Parts Co		944,593
	18,505		JC Penney Co, Inc		593,455
	9,355	*	Kohl’s Corp		475,047
	67,954	*	Liberty Media Holding Corp (Interactive A)		1,076,391
	39,187		Lowe’s Cos, Inc		971,837
	44,071		Macy’s, Inc		1,020,243
	30,528	*	Office Depot, Inc		160,272
	12,693		RadioShack Corp		192,299
	5,242	*	Sears Holdings Corp		395,090
	9,544	*	Signet Jewelers Ltd		405,429
			TOTAL RETAILING		7,907,020
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	42,979	*	Advanced Micro Devices, Inc		336,526
	6,000	*	Atmel Corp		81,240
	14,513	*	Fairchild Semiconductor International, Inc		258,331
	203,100		Intel Corp		4,358,525
	8,124	*	International Rectifier Corp		260,212
	8,182		Intersil Corp (Class A)		123,712
	18,423		Kla-Tencor Corp		812,086
	75,754	*	LSI Logic Corp		468,917
	15,571	*	MEMC Electronic Materials, Inc		172,682
	98,072	*	Micron Technology, Inc		1,033,679
	2,191		National Semiconductor Corp		33,216
	1,113	*	Novellus Systems, Inc		40,146
	24,665	*	PMC - Sierra, Inc		192,880
	7,465	*	Sunpower Corp (Class A)		100,330
	77,203		Texas Instruments, Inc		2,617,954
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		10,890,436
SOFTWARE & SERVICES - 2.4%
	42,451		Activision Blizzard, Inc		479,272
	16,837	*	Amdocs Ltd		490,630
	11,696	*	AOL, Inc		275,090
	1,326		Broadridge Financial Solutions, Inc		30,352
	8,299		CA, Inc		197,516
	17,615		Computer Sciences Corp		938,704
	10,447	*	Compuware Corp		111,992
	11,141	*	Convergys Corp		158,648
	82,379	*	eBay, Inc		2,501,025
	1,792	*	Electronic Arts, Inc		27,937
	30,131		Fidelity National Information Services, Inc		916,886
	13,177		First American Corp		264,199
	5,988	*	Fiserv, Inc		369,879
	6,306	*	IAC/InterActiveCorp		178,397
	292,946		Microsoft Corp		8,121,928
	7,601	*	Monster Worldwide, Inc		126,557
	38,856	*	Novell, Inc		233,913
	83,729	*	Symantec Corp		1,474,468

88

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	16,414	*	Synopsys, Inc	$	445,312
	18,308		Total System Services, Inc		318,742
	86,006	*	Yahoo!, Inc		1,386,417
			TOTAL SOFTWARE & SERVICES		19,047,864
TECHNOLOGY HARDWARE & EQUIPMENT - 1.6%
	11,994	*	Arrow Electronics, Inc		453,373
	17,025	*	Avnet, Inc		606,431
	4,560		AVX Corp		71,501
	51,934	*	Brocade Communications Systems, Inc		292,908
	157,740		Corning, Inc		3,503,404
	5,999		Diebold, Inc		183,929
	4,784	*	EchoStar Corp (Class A)		130,364
	17,313	*	Ingram Micro, Inc (Class A)		341,759
	551	*	Itron, Inc		31,969
	6,387		Jabil Circuit, Inc		129,081
	9,160	*	Lexmark International, Inc (Class A)		319,134
	14,817		Molex, Inc		387,465
	33,100	*	Motorola Mobility Holdings, Inc		922,497
	37,828	*	Motorola, Inc		1,466,591
	16,732	*	Seagate Technology, Inc		234,248
	5,411	*	Tech Data Corp		253,830
	43,167		Tellabs, Inc		228,785
	19,785	*	Vishay Intertechnology, Inc		326,453
	1,256	*	Vishay Precision Group, Inc		23,299
	20,247	*	Western Digital Corp		688,804
	157,701		Xerox Corp		1,674,785
	3,217	*	Zebra Technologies Corp (Class A)		125,141
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		12,395,751
TELECOMMUNICATION SERVICES - 4.7%
	682,872		AT&T, Inc		18,792,636
	34,898		CenturyTel, Inc		1,508,990
	3,548	*	Clearwire Corp (Class A)		18,769
	70,022		Frontier Communications Corp		642,102
	8,021	*	Leap Wireless International, Inc		112,134
	111,541	*	Level 3 Communications, Inc		137,195
	15,063	*	MetroPCS Communications, Inc		194,765
	3,586	*	NII Holdings, Inc (Class B)		150,540
	200,330		Qwest Communications International, Inc		1,428,353
	339,478	*	Sprint Nextel Corp		1,534,440
	9,927		Telephone & Data Systems, Inc		354,890
	1,831	*	US Cellular Corp		89,243
	326,680		Verizon Communications, Inc		11,636,342
	32,071		Windstream Corp		410,830
			TOTAL TELECOMMUNICATION SERVICES		37,011,229
TRANSPORTATION - 1.9%
	4,799		Alexander & Baldwin, Inc		192,536
	26,236	*	AMR Corp		184,964
	5,766		Con-way, Inc		196,159
	1,532		Copa Holdings S.A. (Class A)		86,175

89

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	44,965		CSX Corp	$	3,174,529
	12,614		FedEx Corp		1,139,296
	4,673	*	Hertz Global Holdings, Inc		68,740
	4,564	*	Kansas City Southern Industries, Inc		228,109
	5,614	*	Kirby Corp		262,398
	42,675		Norfolk Southern Corp		2,611,283
	2,553		Ryder System, Inc		122,748
	75,019		Southwest Airlines Co		888,975
	5,012	*	UAL Corp		127,305
	51,153		Union Pacific Corp		4,840,609
	2,700		UTI Worldwide, Inc		59,130
			TOTAL TRANSPORTATION		14,182,956
UTILITIES - 6.6%
	77,345	*	AES Corp		959,078
	9,310		AGL Resources, Inc		341,677
	19,122		Allegheny Energy, Inc		492,965
	13,335		Alliant Energy Corp		495,529
	27,236		Ameren Corp		772,685
	55,326		American Electric Power Co, Inc		1,974,032
	19,609		American Water Works Co, Inc		500,029
	15,841		Aqua America, Inc		366,244
	10,603		Atmos Energy Corp		345,658
	20,798	*	Calpine Corp		296,787
	48,541		Centerpoint Energy, Inc		783,937
	28,269		CMS Energy Corp		551,246
	32,907		Consolidated Edison, Inc		1,642,388
	21,256		Constellation Energy Group, Inc		685,506
	68,806		Dominion Resources, Inc		2,995,814
	13,763		DPL, Inc		360,315
	19,705		DTE Energy Co		911,553
	151,688		Duke Energy Corp		2,712,181
	37,597		Edison International		1,364,019
	8,488		Energen Corp		474,479
	21,894		Entergy Corp		1,580,090
	76,289		Exelon Corp		3,243,045
	35,220		FirstEnergy Corp		1,377,806
	15,311		Great Plains Energy, Inc		301,320
	11,225		Hawaiian Electric Industries, Inc		279,503
	9,111		Integrys Energy Group, Inc		433,592
	1,020		ITC Holdings Corp		67,014
	21,385		MDU Resources Group, Inc		454,004
	8,518		National Fuel Gas Co		582,120
	47,874		NextEra Energy, Inc		2,559,344
	32,120		NiSource, Inc		598,074
	20,293		Northeast Utilities		668,046
	29,640	*	NRG Energy, Inc		615,030
	12,629		NSTAR		547,846
	26,106		NV Energy, Inc		375,143
	10,994		OGE Energy Corp		504,515
	12,259		Oneok, Inc		721,932
	970		Ormat Technologies, Inc		29,837

90

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	MATURITY DATE	VALUE
	25,122		Pepco Holdings, Inc		$	466,516
	45,240		PG&E Corp			2,093,707
	12,580		Pinnacle West Capital Corp			512,132
	55,688		PPL Corp			1,436,194
	33,445		Progress Energy, Inc			1,502,349
	58,396		Public Service Enterprise Group, Inc			1,893,782
	20,286		Questar Corp			353,585
	89,169	*	RRI Energy, Inc			369,160
	13,142		SCANA Corp			555,512
	28,771		Sempra Energy			1,498,106
	95,246		Southern Co			3,583,155
	24,672		TECO Energy, Inc			454,212
	12,793		UGI Corp			401,061
	9,625		Vectren Corp			254,966
	13,813		Westar Energy, Inc			352,232
	13,438		Wisconsin Energy Corp			810,177
	53,095		Xcel Energy, Inc			1,251,449
			TOTAL UTILITIES			51,752,678
			TOTAL COMMON STOCKS			770,155,222
			(Cost $777,170,454)

RIGHTS / WARRANTS - 0.0%
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	452	Celgene Corp	1,071
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES	1,071
		TOTAL RIGHTS / WARRANTS	1,071
		(Cost $2,396)

PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 1.2%
GOVERNMENT AGENCY DEBT - 1.2%
	$9,405,000		Federal Home Loan Bank	02/01/11	9,405,000
					9,405,000
			TOTAL SHORT-TERM INVESTMENTS		9,405,000
			(Cost $9,405,000)
			TOTAL INVESTMENTS - 99.8%		779,561,293
			(Cost $786,577,850)
			OTHER ASSETS & LIABILITIES, NET - 0.2%		1,352,475
			NET ASSETS - 100.0%		$	780,913,768
			Abbreviation(s):
			REIT - Real Estate Investment Trust
		*	Non-income producing.
		d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.

91

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 1.0%
	8,649	*	American Axle & Manufacturing Holdings, Inc	$	123,681
	2,394	*	Amerigon, Inc (Class A)		26,071
	12,846		Autoliv, Inc		986,573
	17,254	*	BorgWarner, Inc		1,162,920
	9,747		Cooper Tire & Rubber Co		222,816
	22,033	*	Dana Holding Corp		394,831
	1,390	*	Dorman Products, Inc		44,716
	2,768		Drew Industries, Inc		65,380
	11,208	*	Exide Technologies		107,709
	2,634	*	Federal Mogul Corp (Class A)		62,057
	548,401	*	Ford Motor Co		8,746,996
	2,114	*	Fuel Systems Solutions, Inc		55,027
	20,962		Gentex Corp		672,251
	35,494	*	Goodyear Tire & Rubber Co		421,669
	34,562		Harley-Davidson, Inc		1,370,383
	100,463		Johnson Controls, Inc		3,856,774
	7,619	*	Lear Corp (New)		804,795
	6,767	*	Modine Manufacturing Co		111,656
	5,413		Spartan Motors, Inc		33,777
	2,028		Standard Motor Products, Inc		24,559
	2,647	*	Stoneridge, Inc		39,043
	4,844		Superior Industries International, Inc		96,880
	9,447	*	Tenneco, Inc		390,445
	2,300	*	Tesla Motors, Inc		55,430
	4,819		Thor Industries, Inc		179,074
	2,020	*	Tower International, Inc		36,097
	11,813	*	TRW Automotive Holdings Corp		704,764
	4,173	*	Winnebago Industries, Inc		62,178
			TOTAL AUTOMOBILES & COMPONENTS		20,858,552
BANKS - 3.3%
	2,315		1st Source Corp		43,638
	3,130	*	1st United Bancorp, Inc		20,502
	4,749		Abington Bancorp, Inc		58,983
	551		Alliance Financial Corp		16,370
	764		American National Bankshares, Inc		15,715
	2,640		Ameris Bancorp		25,159
	726		Ames National Corp		13,104
	2,009		Arrow Financial Corp		45,564
	25,486		Associated Banc-Corp		356,294
	12,255		Astoria Financial Corp		174,511
	1,553		Bancfirst Corp		62,990
	3,737		Banco Latinoamericano de Exportaciones S.A. (Class E)		64,613
	494		Bancorp Rhode Island, Inc		14,899

92

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,032		Bancorpsouth, Inc	$	188,180
	6,487		Bank Mutual Corp		28,737
	7,086		Bank of Hawaii Corp		332,121
	655		Bank of Marin Bancorp		22,755
	2,323		Bank of the Ozarks, Inc		100,191
	2,457		BankFinancial Corp		22,408
	101,543		BB&T Corp		2,806,649
	2,999	*	Beneficial Mutual Bancorp, Inc		26,481
	2,307		Berkshire Hills Bancorp, Inc		49,001
	1,024	*	BofI Holding, Inc		15,473
	4,108		BOK Financial Corp		212,301
	10,344		Boston Private Financial Holdings, Inc		69,408
	1,513		Bridge Bancorp, Inc		34,345
	8,703		Brookline Bancorp, Inc		94,253
	754		Bryn Mawr Bank Corp		13,557
	926		Camden National Corp		31,697
	1,241		Capital City Bank Group, Inc		15,699
	48,510		CapitalSource, Inc		374,497
	5,066		Capitol Federal Financial		61,755
	3,154		Cardinal Financial Corp		34,694
	11,294		Cathay General Bancorp		195,499
	5,058	*	Center Financial		37,176
	2,669		Centerstate Banks of Florida, Inc		19,590
	488		Century Bancorp, Inc		13,147
	3,344		Chemical Financial Corp		69,421
	29,880	*	CIT Group, Inc		1,424,977
	1,474		Citizens & Northern Corp		23,053
	55,810	*	Citizens Republic Bancorp, Inc		35,144
	2,433		City Holding Co		84,668
	6,693		City National Corp		386,788
	988		Clifton Savings Bancorp, Inc		11,293
	1,130		CNB Financial Corp		15,718
	5,107		CoBiz, Inc		32,583
	5,841		Columbia Banking System, Inc		117,404
	25,784		Comerica, Inc		984,949
	11,223		Commerce Bancshares, Inc		461,602
	5,536		Community Bank System, Inc		139,950
	1,938		Community Trust Bancorp, Inc		56,028
	8,348		Cullen/Frost Bankers, Inc		482,347
	12,036		CVB Financial Corp		99,658
	1,242		Danvers Bancorp, Inc		26,778
	5,261		Dime Community Bancshares		79,336
	4,463	*	Doral Financial Corp		5,534
	2,332	*	Eagle Bancorp, Inc		31,505
	22,916		East West Bancorp, Inc		497,506
	1,116	*	Encore Bancshares, Inc		12,923
	2,133		Enterprise Financial Services Corp		27,686
	1,184		ESB Financial Corp		16,292
	3,464		ESSA Bancorp, Inc		43,750
	1,352		Federal Agricultural Mortgage Corp (Class C)		20,875
	135,921		Fifth Third Bancorp		2,021,145
	1,693		Financial Institutions, Inc		32,726

93

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,953		First Bancorp (NC)	$	29,354
	866	*	First Bancorp (Puerto Rico)		4,356
	1,005		First Bancorp, Inc		14,844
	9,154		First Busey Corp		45,038
	901		First Citizens Bancshares, Inc (Class A)		181,254
	15,748		First Commonwealth Financial Corp		101,260
	2,221		First Community Bancshares, Inc		29,872
	8,482		First Financial Bancorp		143,346
	3,075		First Financial Bankshares, Inc		151,659
	1,508		First Financial Corp		47,547
	2,372		First Financial Holdings, Inc		24,574
	38,258	*	First Horizon National Corp		433,463
	1,747		First Interstate Bancsystem, Inc		22,694
	3,771		First Merchants Corp		34,165
	11,137		First Midwest Bancorp, Inc		130,192
	30,760		First Niagara Financial Group, Inc		426,948
	1,920		First of Long Island Corp		54,470
	833		First South Bancorp, Inc		4,831
	16,815		FirstMerit Corp		308,051
	7,575	*	Flagstar Bancorp, Inc		11,969
	4,131		Flushing Financial Corp		58,867
	15,617		FNB Corp		157,732
	30,262		Fulton Financial Corp		312,304
	1,498		German American Bancorp, Inc		25,646
	12,351		Glacier Bancorp, Inc		174,273
	1,402		Great Southern Bancorp, Inc		30,704
	4,142	*	Greene County Bancshares, Inc		13,047
	5,275		Hancock Holding Co		173,020
	6,715	*	Hanmi Financial Corp		8,830
	1,473		Heartland Financial USA, Inc		24,908
	1,426	*	Heritage Financial Corp		20,321
	1,143	*	Home Bancorp, Inc		15,773
	4,046		Home Bancshares, Inc		82,781
	2,273		Home Federal Bancorp, Inc		24,367
	69,498		Hudson City Bancorp, Inc		763,087
	1,832		Hudson Valley Holding Corp		41,128
	129,964		Huntington Bancshares, Inc		940,939
	3,941		IBERIABANK Corp		223,534
	3,006		Independent Bank Corp		81,703
	7,164		International Bancshares Corp		135,901
	6,843	*	Investors Bancorp, Inc		91,149
	2,959		Kearny Financial Corp		27,578
	133,187		Keycorp		1,185,364
	2,933		Lakeland Bancorp, Inc		28,212
	2,273		Lakeland Financial Corp		46,778
	10,725		M&T Bank Corp		927,391
	4,715		MainSource Financial Group, Inc		42,836
	77,000		Marshall & Ilsley Corp		538,230
	7,189		MB Financial, Inc		141,336
	641		Merchants Bancshares, Inc		17,608
	1,281	*	Meridian Interstate Bancorp, Inc		15,628
	31,180	*	MGIC Investment Corp		261,600

94

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	602		Midsouth Bancorp, Inc	$	8,079
	964		MidWestOne Financial Group, Inc		13,563
	4,732	*	Nara Bancorp, Inc		46,184
	447		NASB Financial, Inc		6,709
	945		National Bankshares, Inc		27,216
	18,273		National Penn Bancshares, Inc		149,108
	5,959		NBT Bancorp, Inc		138,130
	64,019		New York Community Bancorp, Inc		1,172,827
	14,574		NewAlliance Bancshares, Inc		217,881
	3,079		Northfield Bancorp, Inc		39,935
	14,751		Northwest Bancshares, Inc		172,808
	1,978		OceanFirst Financial Corp		27,395
	10,478	*	Ocwen Financial Corp		105,828
	11,982		Old National Bancorp		128,567
	1,600	*	OmniAmerican Bancorp, Inc		23,920
	7,114		Oriental Financial Group, Inc		84,087
	8,325		Oritani Financial Corp		99,817
	651		Orrstown Financial Services, Inc		17,206
	2,647		Pacific Continental Corp		26,867
	4,339		PacWest Bancorp		85,608
	2,024		Park National Corp		131,803
	984		Peapack Gladstone Financial Corp		13,402
	502		Penns Woods Bancorp, Inc		19,533
	1,923	*	Pennsylvania Commerce Bancorp, Inc		23,134
	1,601		Peoples Bancorp, Inc		21,758
	57,357		People’s United Financial, Inc		740,478
	4,700	*	Pinnacle Financial Partners, Inc		64,672
	15,572	*	PMI Group, Inc		45,315
	78,958		PNC Financial Services Group, Inc		4,737,480
	153,774	*	Popular, Inc		493,615
	7,573		PrivateBancorp, Inc		116,397
	7,437		Prosperity Bancshares, Inc		300,827
	8,275		Provident Financial Services, Inc		121,229
	7,032		Provident New York Bancorp		65,609
	17,276		Radian Group, Inc		124,042
	184,993		Regions Financial Corp		1,313,450
	3,065		Renasant Corp		47,783
	1,611		Republic Bancorp, Inc (Class A)		30,754
	1,039		Rockville Financial, Inc		15,398
	2,561		Roma Financial Corp		26,071
	3,800		S&T Bancorp, Inc		83,030
	2,198		S.Y. Bancorp, Inc		53,620
	3,365		Sandy Spring Bancorp, Inc		64,608
	1,859		SCBT Financial Corp		57,852
	1,188		Sierra Bancorp		12,819
	6,433	*	Signature Bank		336,060
	3,237		Simmons First National Corp (Class A)		89,956
	1,926		Southside Bancshares, Inc		41,255
	3,920		Southwest Bancorp, Inc		53,665
	1,608		State Bancorp, Inc		15,356
	2,717		StellarOne Corp		39,478
	3,792		Sterling Bancorp		37,124

95

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,960		Sterling Bancshares, Inc	$	114,955
	1,369		Suffolk Bancorp		28,708
	75,699		SunTrust Banks, Inc		2,303,521
	18,630		Susquehanna Bancshares, Inc		178,103
	6,325	*	SVB Financial Group		331,873
	128,562		Synovus Financial Corp		339,404
	1,388	*	Taylor Capital Group, Inc		14,255
	21,846		TCF Financial Corp		326,379
	2,926		Territorial Bancorp, Inc		56,443
	4,897	*	Texas Capital Bancshares, Inc		119,438
	13,975		TFS Financial Corp		136,256
	4,383	*	The Bancorp, Inc		41,200
	1,261		Tompkins Trustco, Inc		51,386
	456		Tower Bancorp, Inc		10,319
	3,266		TowneBank		48,663
	1,517		Trico Bancshares		23,013
	10,287		Trustco Bank Corp NY		61,568
	9,986		Trustmark Corp		239,564
	5,205		UMB Financial Corp		211,583
	16,638		Umpqua Holdings Corp		182,519
	4,373		Union Bankshares Corp		53,438
	5,237		United Bankshares, Inc		147,683
	23,665	*	United Community Banks, Inc		40,231
	3,593		United Financial Bancorp, Inc		55,081
	2,358		Univest Corp of Pennsylvania		40,640
	289,217		US Bancorp		7,808,859
	26,542		Valley National Bancorp		359,113
	2,170		ViewPoint Financial Group		27,505
	2,698	*	Virginia Commerce Bancorp		16,215
	2,229		Washington Banking Co		30,426
	17,221		Washington Federal, Inc		297,751
	1,942		Washington Trust Bancorp, Inc		38,840
	2,390	*	Waterstone Financial, Inc		6,453
	9,324		Webster Financial Corp		213,333
	732,287		Wells Fargo & Co		23,740,746
	3,315		WesBanco, Inc		62,488
	1,895		West Bancorporation, Inc		13,597
	13,251	*	West Coast Bancorp		43,066
	4,617		Westamerica Bancorporation		230,850
	7,711	*	Western Alliance Bancorp		57,833
	4,835		Westfield Financial, Inc		41,001
	13,271		Whitney Holding Corp		176,637
	13,085		Wilmington Trust Corp		57,312
	1,913		Wilshire Bancorp, Inc		12,281
	5,252		Wintrust Financial Corp		172,843
	1,071		WSFS Financial Corp		48,088
	26,070		Zions Bancorporation		614,731
			TOTAL BANKS		72,941,556
CAPITAL GOODS - 8.7%
	2,446	*	3D Systems Corp		69,809
	107,446		3M Co		9,446,652

96

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,593		A.O. Smith Corp	$	239,436
	12,147	*	A123 Systems, Inc		110,052
	2,472		Aaon, Inc		66,571
	5,576	*	AAR Corp		149,381
	2,783		Aceto Corp		23,962
	9,997		Actuant Corp (Class A)		277,217
	6,322		Acuity Brands, Inc		348,974
	10,147	*	Advanced Battery Technologies, Inc		37,848
	15,681	*	Aecom Technology Corp		458,983
	3,085	*	Aerovironment, Inc		86,997
	14,434	*	AGCO Corp		731,804
	7,264		Aircastle Ltd		77,144
	699		Alamo Group, Inc		18,139
	4,032		Albany International Corp (Class A)		90,922
	5,356	*	Alliant Techsystems, Inc		405,771
	3,779	*	Altra Holdings, Inc		79,019
	2,530	*	Ameresco, Inc		39,190
	1,410	*	American Railcar Industries, Inc		26,748
	1,757		American Science & Engineering, Inc		152,859
	7,019	*	American Superconductor Corp		191,408
	1,400		American Woodmark Corp		26,110
	1,304		Ameron International Corp		89,937
	23,494		Ametek, Inc		958,085
	1,129		Ampco-Pittsburgh Corp		28,123
	3,509		Apogee Enterprises, Inc		44,880
	18,965	*	Applied Energetics, Inc		11,614
	6,231		Applied Industrial Technologies, Inc		197,273
	954	*	Argan, Inc		8,844
	2,833		Armstrong World Industries, Inc		115,048
	15,095	*	ArvinMeritor, Inc		329,977
	3,788	*	Astec Industries, Inc		114,019
	1,755	*	Astronics Corp		40,541
	1,818		AZZ, Inc		72,884
	17,374	*	Babcock & Wilcox Co		508,190
	2,656		Badger Meter, Inc		108,869
	7,669		Barnes Group, Inc		152,000
	14,253	*	BE Aerospace, Inc		551,449
	6,708	*	Beacon Roofing Supply, Inc		121,817
	6,507		Belden CDT, Inc		226,183
	6,697	*	Blount International, Inc		100,522
	4,910	*	Bluelinx Holdings, Inc		17,823
	114,490		Boeing Co		7,954,765
	7,394		Brady Corp (Class A)		242,154
	6,952		Briggs & Stratton Corp		138,831
	24,260	*	Broadwind Energy, Inc		44,638
	11,108		Bucyrus International, Inc (Class A)		1,008,162
	10,284	*	Builders FirstSource, Inc		22,830
	2,272	*	CAI International, Inc		43,259
	34,013	*	Capstone Turbine Corp		38,775
	9,270		Carlisle Cos, Inc		349,572
	1,450		Cascade Corp		68,252
	94,810		Caterpillar, Inc		9,197,518

97

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,178	*	Ceradyne, Inc	$	148,027
	4,234	*	Chart Industries, Inc		153,779
	15,190	*	Chicago Bridge & Iron Co NV		499,599
	2,328		CIRCOR International, Inc		94,028
	8,293		Clarcor, Inc		358,092
	3,535	*	CNH Global NV		171,200
	3,253	*	Colfax Corp		60,636
	2,703	*	Columbus McKinnon Corp		45,600
	5,378		Comfort Systems USA, Inc		68,462
	3,616	*	Commercial Vehicle Group, Inc		58,362
	25,812		Cooper Industries plc		1,581,243
	7,086		Crane Co		314,689
	2,081		Cubic Corp		101,449
	30,150		Cummins, Inc		3,192,282
	7,336		Curtiss-Wright Corp		254,559
	79,365		Danaher Corp		3,655,552
	63,799		Deere & Co		5,799,329
	4,049	*	DigitalGlobe, Inc		124,345
	11,363		Donaldson Co, Inc		665,872
	1,654		Douglas Dynamics, Inc		24,115
	27,428		Dover Corp		1,758,135
	1,267		Ducommun, Inc		27,823
	1,235	*	DXP Enterprises, Inc		26,898
	5,653	*	Dycom Industries, Inc		90,844
	1,779		Dynamic Materials Corp		35,135
	25,148		Eaton Corp		2,714,978
	9,747	*	EMCOR Group, Inc		295,139
	112,842		Emerson Electric Co		6,644,137
	3,680		Encore Wire Corp		82,598
	14,927	*	Ener1, Inc		57,469
	9,284	*	Energy Recovery, Inc		31,751
	7,473	*	EnerSys		245,264
	2,790	*	EnPro Industries, Inc		115,813
	3,619		ESCO Technologies, Inc		131,297
	4,389	*	Esterline Technologies Corp		312,409
	19,507		Fastenal Co		1,132,576
	8,728		Federal Signal Corp		60,747
	9,555	*	Flow International Corp		35,831
	8,221		Flowserve Corp		1,027,543
	27,055		Fluor Corp		1,871,936
	6,416	*	Force Protection, Inc		35,545
	3,447		Franklin Electric Co, Inc		141,603
	1,928		Freightcar America, Inc		54,987
	28,765	*	FuelCell Energy, Inc		50,339
	6,127	*	Furmanite Corp		46,688
	7,875		Gardner Denver, Inc		568,103
	6,691		GATX Corp		222,476
	11,146	*	GenCorp, Inc		57,179
	2,644	*	Generac Holdings, Inc		39,396
	7,516	*	General Cable Corp		278,167
	51,571		General Dynamics Corp		3,888,453
	1,606,022		General Electric Co		32,345,283

98

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,622	*	GeoEye, Inc	$	144,590
	6,174	*	Gibraltar Industries, Inc		68,099
	2,090	*	Global Defense Technology & Systems, Inc		34,401
	18,884		Goodrich Corp		1,711,268
	2,031		Gorman-Rupp Co		64,545
	9,274		Graco, Inc		393,960
	17,220	*	GrafTech International Ltd		361,620
	1,415		Graham Corp		32,828
	5,154		Granite Construction, Inc		133,179
	8,220		Great Lakes Dredge & Dock Corp		68,308
	2,795	*	Greenbrier Cos, Inc		66,158
	6,157	*	Griffon Corp		71,667
	3,805	*	H&E Equipment Services, Inc		44,214
	11,386		Harsco Corp		367,426
	4,715		Heico Corp		246,547
	1,591	*	Herley Industries, Inc		26,140
	14,584	*	Hexcel Corp		277,388
	2,464	*	Hoku Scientific, Inc		6,135
	115,466		Honeywell International, Inc		6,467,251
	2,360		Houston Wire & Cable Co		30,798
	9,292		Hubbell, Inc (Class B)		569,042
	12,921		IDEX Corp		512,447
	3,695	*	II-VI, Inc		182,459
	65,529		Illinois Tool Works, Inc		3,505,146
	48,391		Ingersoll-Rand plc		2,284,055
	4,967	*	Insituform Technologies, Inc (Class A)		136,642
	2,184		Insteel Industries, Inc		24,941
	4,656	*	Interline Brands, Inc		98,847
	26,972		ITT Industries, Inc		1,589,190
	18,863	*	Jacobs Engineering Group, Inc		968,992
	3,951		John Bean Technologies Corp		71,316
	15,189		Joy Global, Inc		1,324,177
	1,378	*	Kadant, Inc		29,158
	4,411		Kaman Corp		129,838
	5,636		Kaydon Corp		218,170
	23,577		KBR, Inc		756,822
	12,633		Kennametal, Inc		512,900
	1,500	*	KEYW Holding Corp		21,855
	2,253	*	Kratos Defense & Security Solutions, Inc		31,587
	17,015		L-3 Communications Holdings, Inc		1,331,424
	1,792	*	LaBarge, Inc		25,016
	2,440	*	Ladish Co, Inc		130,638
	427		Lawson Products, Inc		9,979
	2,659	*	Layne Christensen Co		83,971
	1,707	*	LB Foster Co (Class A)		67,853
	6,945		Lennox International, Inc		341,278
	6,394		Lincoln Electric Holdings, Inc		433,002
	1,970		Lindsay Manufacturing Co		128,208
	1,159	*	LMI Aerospace, Inc		21,702
	46,679		Lockheed Martin Corp		3,715,648
	2,512		LSI Industries, Inc		18,689
	2,362	*	Lydall, Inc		18,896

99

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	17,985		Manitowoc Co, Inc	$	241,539
	53,959		Masco Corp		718,735
	7,849	*	Mastec, Inc		119,462
	1,685		Met-Pro Corp		18,282
	1,222	*	Michael Baker Corp		37,100
	2,809	*	Middleby Corp		229,804
	1,233		Miller Industries, Inc		18,816
	6,413	*	Moog, Inc (Class A)		273,450
	7,058		MSC Industrial Direct Co (Class A)		419,457
	5,630		Mueller Industries, Inc		184,101
	22,025		Mueller Water Products, Inc (Class A)		88,100
	2,652	*	MYR Group, Inc		58,317
	809		Nacco Industries, Inc (Class A)		81,102
	10,698	*	Navistar International Corp		693,765
	2,590	*	NCI Building Systems, Inc		34,369
	5,131		Nordson Corp		473,643
	45,149		Northrop Grumman Corp		3,128,826
	1,232	*	Northwest Pipe Co		26,944
	9,245	*	Orbital Sciences Corp		157,720
	4,264	*	Orion Marine Group, Inc		49,974
	13,572	*	Oshkosh Truck Corp		514,515
	16,371	*	Owens Corning, Inc		547,938
	54,796		Paccar, Inc		3,095,426
	17,581		Pall Corp		974,163
	24,288		Parker Hannifin Corp		2,171,590
	14,513		Pentair, Inc		524,935
	4,710		Perini Corp		106,964
	2,780	*	Pgt, Inc		6,505
	1,814	*	Pike Electric Corp		15,002
	1,779	*	PMFG, Inc		29,140
	3,209	*	Polypore International, Inc		154,513
	1,254	*	Powell Industries, Inc		47,539
	2,764	*	PowerSecure International, Inc		20,232
	21,228		Precision Castparts Corp		3,035,392
	352		Preformed Line Products Co		21,511
	2,780		Primoris Services Corp		22,824
	5,396		Quanex Building Products Corp		105,168
	32,383	*	Quanta Services, Inc		768,449
	2,190		Raven Industries, Inc		103,456
	56,916		Raytheon Co		2,845,231
	3,598	*	RBC Bearings, Inc		125,102
	5,781		Regal-Beloit Corp		385,824
	5,534		Robbins & Myers, Inc		229,827
	20,964		Rockwell Automation, Inc		1,698,294
	23,739		Rockwell Collins, Inc		1,522,619
	13,826		Roper Industries, Inc		1,074,142
	6,783	*	RSC Holdings, Inc		81,125
	4,701	*	Rush Enterprises, Inc (Class A)		89,648
	16,974	*	SatCon Technology Corp		82,324
	2,238	*	Sauer-Danfoss, Inc		64,119
	66		Seaboard Corp		132,132
	1,600		SeaCube Container Leasing Ltd		21,408

100

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,673	*	Shaw Group, Inc	$	478,659
	5,398		Simpson Manufacturing Co, Inc		160,591
	8,693		Snap-On, Inc		492,285
	15,953	*	Spirit Aerosystems Holdings, Inc (Class A)		376,810
	7,723		SPX Corp		605,329
	2,397		Standex International Corp		79,940
	1,897	*	Sterling Construction Co, Inc		24,395
	1,895		Sun Hydraulics Corp		70,646
	2,384		TAL International Group, Inc		74,452
	7,871	*	Taser International, Inc		32,979
	3,029	*	Tecumseh Products Co (Class A)		36,590
	5,640	*	Teledyne Technologies, Inc		266,828
	2,539		Tennant Co		102,423
	15,838	*	Terex Corp		513,626
	1,142		Textainer Group Holdings Ltd		35,402
	41,382		Textron, Inc		1,087,933
	7,803	*	Thomas & Betts Corp		400,996
	13,000		Timken Co		611,260
	5,577		Titan International, Inc		105,963
	1,730	*	Titan Machinery, Inc		41,918
	5,232		Toro Co		318,210
	7,417		TransDigm Group, Inc		574,669
	3,421		Tredegar Corp		64,007
	2,412	*	Trex Co, Inc		56,151
	1,362	*	Trimas Corp		25,932
	12,417		Trinity Industries, Inc		346,310
	2,404		Triumph Group, Inc		230,856
	1,434		Twin Disc, Inc		46,705
	71,803		Tyco International Ltd		3,218,928
	37	*	United Capital Corp		1,021
	8,785	*	United Rentals, Inc		234,120
	140,503		United Technologies Corp		11,422,895
	2,593		Universal Forest Products, Inc		95,163
	13,244	*	UQM Technologies, Inc		36,156
	12,452	*	URS Corp		553,491
	9,124	*	USG Corp		147,991
	3,392		Valmont Industries, Inc		315,252
	2,758		Vicor Corp		40,625
	8,872		W.W. Grainger, Inc		1,166,402
	11,855	*	Wabash National Corp		134,673
	9,692	*	WABCO Holdings, Inc		566,013
	4,376		Watsco, Inc		274,463
	4,119		Watts Water Technologies, Inc (Class A)		148,160
	6,118	*	WESCO International, Inc		342,914
	6,587		Westinghouse Air Brake Technologies Corp		357,015
	8,547		Woodward Governor Co		288,248
	2,256	*,b	Xerium Technologies, Inc		44,556
			TOTAL CAPITAL GOODS		192,090,516
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	11,629		Aaron’s, Inc		223,161
	7,829		ABM Industries, Inc		201,205

101

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,794	*	Acacia Research (Acacia Technologies)	$	141,374
	8,113	*	ACCO Brands Corp		66,608
	3,058		Administaff, Inc		86,603
	2,245	*	Advisory Board Co		111,038
	2,474		American Ecology Corp		41,712
	5,308	*	American Reprographics Co		42,836
	3,422	*	APAC Customer Services, Inc		18,855
	16,604		Avery Dennison Corp		698,862
	1,044		Barrett Business Services, Inc		15,368
	7,583		Brink’s Co		204,741
	3,487	*	Casella Waste Systems, Inc (Class A)		27,966
	6,078	*	CBIZ, Inc		42,364
	1,246		CDI Corp		20,011
	7,593	*	Cenveo, Inc		40,850
	20,869		Cintas Corp		585,584
	3,388	*	Clean Harbors, Inc		305,056
	1,380	*	Consolidated Graphics, Inc		69,069
	9,703	*	Copart, Inc		380,843
	5,323		Corporate Executive Board Co		206,852
	17,250	*	Corrections Corp of America		427,973
	3,326	*	CoStar Group, Inc		187,187
	1,056		Courier Corp		14,969
	19,040		Covanta Holding Corp		322,157
	1,484	*	CRA International, Inc		36,032
	7,246		Deluxe Corp		177,165
	4,166	*	Dolan Media Co		57,116
	7,890		Dun & Bradstreet Corp		670,256
	16,459		EnergySolutions, Inc		97,437
	2,771	*	EnerNOC, Inc		72,101
	3,522		Ennis, Inc		58,571
	18,636		Equifax, Inc		665,678
	2,271	*	Exponent, Inc		83,391
	1,588	*	Franklin Covey Co		12,434
	7,252	*	FTI Consulting, Inc		264,480
	2,934	*	Fuel Tech, Inc		23,501
	2,807		G & K Services, Inc (Class A)		87,943
	9,356	*	Geo Group, Inc		222,392
	2,050	*	GP Strategies Corp		20,275
	10,960		Healthcare Services Group		173,606
	2,376		Heidrick & Struggles International, Inc		63,653
	8,949		Herman Miller, Inc		215,939
	1,500	*	Higher One Holdings, Inc		28,530
	2,635	*	Hill International, Inc		17,128
	6,441		HNI Corp		195,420
	4,422	*	Hudson Highland Group, Inc		24,409
	2,916	*	Huron Consulting Group, Inc		74,679
	2,381	*	ICF International, Inc		57,394
	7,138	*	IHS, Inc (Class A)		585,030
	1,863	*	Innerworkings, Inc		11,737
	7,501		Interface, Inc (Class A)		121,891
	27,476		Iron Mountain, Inc		670,140
	6,527	*	KAR Auction Services, Inc		96,861

102

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,659	*	Kelly Services, Inc (Class A)	$	71,991
	4,063	*	Kforce, Inc		72,646
	7,420		Kimball International, Inc (Class B)		49,974
	7,844		Knoll, Inc		131,309
	6,766	*	Korn/Ferry International		158,324
	3,593	*	LECG Corp		5,677
	1,528	*	M&F Worldwide Corp		36,871
	12,035		Manpower, Inc		777,099
	3,521		McGrath RentCorp		88,870
	3,778	*	Metalico, Inc		20,968
	4,681		Mine Safety Appliances Co		145,954
	1,750	*	Mistras Group, Inc		25,008
	6,390	*	Mobile Mini, Inc		130,612
	2,313		Multi-Color Corp		38,442
	6,865	*	Navigant Consulting, Inc		69,954
	5,639	*	On Assignment, Inc		44,548
	30,619		Pitney Bowes, Inc		743,429
	31,018		R.R. Donnelley & Sons Co		549,639
	48,941		Republic Services, Inc		1,509,340
	6,707		Resources Connection, Inc		134,408
	22,564		Robert Half International, Inc		707,606
	9,057		Rollins, Inc		171,992
	2,124		Schawk, Inc (Class A)		38,742
	2,432	*	School Specialty, Inc		31,738
	7,717	*	Spherion Corp		74,701
	2,221	*	Standard Parking Corp		39,956
	1,542		Standard Register Co		4,934
	10,083		Steelcase, Inc (Class A)		103,048
	12,986	*	Stericycle, Inc		1,019,271
	5,851	*	SYKES Enterprises, Inc		113,977
	2,665	*	Team, Inc		68,117
	8,684	*	Tetra Tech, Inc		200,991
	6,591		Towers Watson & Co		359,407
	5,988	*	TrueBlue, Inc		102,155
	1,866		Unifirst Corp		104,048
	3,623	*	United Stationers, Inc		225,640
	15,227	*	Verisk Analytics, Inc		515,129
	3,326		Viad Corp		78,261
	612		VSE Corp		18,305
	18,477		Waste Connections, Inc		535,279
	72,026		Waste Management, Inc		2,727,624
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		21,414,417
CONSUMER DURABLES & APPAREL - 1.3%
	6,389	*	American Apparel, Inc		6,581
	5,558		American Greetings Corp (Class A)		120,775
	4,122	*	Arctic Cat, Inc		66,034
	8,380	*	Ascena Retail Group, Inc		227,182
	11,049	*	Beazer Homes USA, Inc		59,112
	694		Blyth, Inc		23,332
	2,011	*	Brookfield Homes Corp		28,395
	14,158		Brunswick Corp		282,027

103

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,095		Callaway Golf Co	$	74,198
	9,572	*	Carter’s, Inc		265,144
	767	*	Cavco Industries, Inc		31,593
	2,546		Cherokee, Inc		40,812
	45,579		Coach, Inc		2,465,368
	2,193		Columbia Sportswear Co		133,729
	12,537	*	CROCS, Inc		205,481
	1,272		CSS Industries, Inc		23,354
	1,284	*	Culp, Inc		12,827
	5,469	*	Deckers Outdoor Corp		401,370
	792	*	Delta Apparel, Inc		10,193
	41,903		DR Horton, Inc		519,178
	45,118	*	Eastman Kodak Co		165,132
	3,147		Ethan Allen Interiors, Inc		70,493
	22,374		Fortune Brands, Inc		1,380,028
	8,133	*	Fossil, Inc		577,850
	10,025	*	Furniture Brands International, Inc		45,113
	16,532		Garmin Ltd		509,682
	2,758	*	G-III Apparel Group Ltd		96,227
	14,367	*	Hanesbrands, Inc		330,728
	10,454	*	Harman International Industries, Inc		452,867
	19,165		Hasbro, Inc		844,985
	4,112	*	Helen of Troy Ltd		115,424
	3,311		Hooker Furniture Corp		44,401
	8,581	*	Hovnanian Enterprises, Inc (Class A)		37,928
	10,221	*	Iconix Brand Group, Inc		202,887
	3,728	*	iRobot Corp		100,656
	3,606	*	Jakks Pacific, Inc		62,348
	14,371		Jarden Corp		487,177
	16,148	*	Joe’s Jeans, Inc		24,706
	618	*	Johnson Outdoors, Inc		9,406
	13,468		Jones Apparel Group, Inc		170,909
	12,905		KB Home		191,510
	951	*	Kenneth Cole Productions, Inc (Class A)		12,972
	3,617	*	K-Swiss, Inc (Class A)		41,596
	697		Lacrosse Footwear, Inc		10,755
	6,013	*	La-Z-Boy, Inc		50,028
	46	*	Leapfrog Enterprises, Inc		178
	22,264		Leggett & Platt, Inc		501,608
	23,971		Lennar Corp (Class A)		464,079
	2,263	*	Libbey, Inc		34,556
	1,319	*	Lifetime Brands, Inc		15,999
	13,695	*	Liz Claiborne, Inc		67,653
	3,142	*	M/I Homes, Inc		46,062
	3,109	*	Maidenform Brands, Inc		80,026
	589	*	Marine Products Corp		4,241
	53,627		Mattel, Inc		1,269,887
	5,334		MDC Holdings, Inc		164,874
	4,243	*	Meritage Homes Corp		97,419
	8,421	*	Mohawk Industries, Inc		467,787
	2,261	*	Movado Group, Inc		32,581
	703		National Presto Industries, Inc		89,998

104

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	42,642		Newell Rubbermaid, Inc	$	820,859
	53,521		Nike, Inc (Class B)		4,414,412
	860	*	NVR, Inc		657,900
	1,956		Oxford Industries, Inc		46,299
	1,266	*	Perry Ellis International, Inc		35,638
	8,495		Phillips-Van Heusen Corp		495,853
	4,863		Polaris Industries, Inc		374,062
	8,417		Polo Ralph Lauren Corp (Class A)		902,134
	7,002		Pool Corp		170,709
	50,725	*	Pulte Homes, Inc		400,220
	19,084	*	Quiksilver, Inc		85,305
	3,065	*	RC2 Corp		62,281
	1,185		RG Barry Corp		12,537
	1,798	*	Russ Berrie & Co, Inc		16,380
	5,939		Ryland Group, Inc		105,714
	8,861	*	Sealy Corp		23,482
	5,754	*	Skechers U.S.A., Inc (Class A)		118,360
	709		Skyline Corp		14,244
	7,308	*	Smith & Wesson Holding Corp		25,943
	11,617	*	Standard-Pacific Corp		51,115
	23,531		Stanley Works		1,710,232
	773	*	Steinway Musical Instruments, Inc		14,772
	3,609	*	Steven Madden Ltd		137,756
	2,608		Sturm Ruger & Co, Inc		38,885
	1,489	*	Summer Infant, Inc		11,354
	10,099	*	Tempur-Pedic International, Inc		440,720
	6,175	*	Timberland Co (Class A)		165,058
	22,200	*	Toll Brothers, Inc		449,328
	3,607	*	True Religion Apparel, Inc		74,124
	9,499		Tupperware Corp		434,579
	5,134	*	Under Armour, Inc (Class A)		307,321
	3,035	*	Unifi, Inc		50,472
	1,420	*	Universal Electronics, Inc		37,389
	1,800	*	Vera Bradley, Inc		61,911
	12,925		VF Corp		1,069,156
	2,567		Volcom, Inc		42,612
	6,681	*	Warnaco Group, Inc		341,265
	1,327		Weyco Group, Inc		30,694
	11,324		Whirlpool Corp		968,202
	7,161		Wolverine World Wide, Inc		228,078
			TOTAL CONSUMER DURABLES & APPAREL		29,816,796
CONSUMER SERVICES - 2.0%
	3,182	*	AFC Enterprises		47,412
	2,077		Ambassadors Group, Inc		22,930
	2,642	*	American Public Education, Inc		88,666
	3,508		Ameristar Casinos, Inc		53,883
	19,917	*	Apollo Group, Inc (Class A)		821,974
	970	*	Archipelago Learning, Inc		10,069
	8,580	*	Bally Technologies, Inc		351,179
	3,574	*	BJ’s Restaurants, Inc		126,269
	12,030	*	Bluegreen Corp		42,105

105

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,398		Bob Evans Farms, Inc	$	138,449
	7,756	*	Boyd Gaming Corp		84,075
	1,700	*	Bravo Brio Restaurant Group, Inc		27,710
	4,088	*	Bridgepoint Education, Inc		74,647
	14,499		Brinker International, Inc		341,161
	2,615	*	Buffalo Wild Wings, Inc		114,459
	2,880	*	California Pizza Kitchen, Inc		46,109
	2,258	*	Cambium Learning Group, Inc		7,384
	2,723	*	Capella Education Co		155,892
	9,246	*	Career Education Corp		207,480
	1,079	*	Caribou Coffee Co, Inc		9,733
	65,655		Carnival Corp		2,935,435
	1,372	*	Carrols Restaurant Group, Inc		9,604
	3,633		CBRL Group, Inc		187,027
	3,172	*	CEC Entertainment, Inc		117,205
	9,085	*	Cheesecake Factory		268,098
	4,726	*	Chipotle Mexican Grill, Inc (Class A)		1,034,616
	4,984		Choice Hotels International, Inc		189,043
	1,530		Churchill Downs, Inc		63,357
	4,602	*	Coinstar, Inc		190,477
	13,634	*	Corinthian Colleges, Inc		71,988
	1,091		CPI Corp		21,711
	20,594		Darden Restaurants, Inc		970,183
	16,901	*	Denny’s Corp		63,886
	9,477		DeVry, Inc		493,845
	2,624	*	DineEquity, Inc		135,346
	5,279	*	Domino’s Pizza, Inc		86,576
	5,919	*	Education Management Corp		108,850
	640	*	Einstein Noah Restaurant Group, Inc		9,946
	5,790	*	Gaylord Entertainment Co		193,039
	4,394	*	Grand Canyon Education, Inc		79,487
	45,503		H&R Block, Inc		569,697
	9,887		Hillenbrand, Inc		213,658
	7,058	*	Hyatt Hotels Corp		342,948
	44,844		International Game Technology		769,971
	5,171		International Speedway Corp (Class A)		149,597
	5,414	*	Interval Leisure Group, Inc		84,837
	2,570	*	Isle of Capri Casinos, Inc		24,209
	4,638	*	ITT Educational Services, Inc		305,366
	9,010	*	Jack in the Box, Inc		197,679
	2,103	*	Jamba, Inc		4,606
	4,087	*	K12, Inc		111,371
	9,989	*	Krispy Kreme Doughnuts, Inc		65,428
	48,441	*	Las Vegas Sands Corp		2,252,022
	960		Learning Tree International, Inc		8,333
	5,772	*	Life Time Fitness, Inc		230,187
	3,994		Lincoln Educational Services Corp		60,309
	1,501		Mac-Gray Corp		22,110
	2,839		Marcus Corp		33,642
	39,726		Marriott International, Inc (Class A)		1,568,780
	5,079		Matthews International Corp (Class A)		180,000
	4,984	*	McCormick & Schmick’s Seafood Restaurants, Inc		44,856

106

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	162,115		McDonald’s Corp	$	11,943,012
	44,032	*	MGM Mirage		652,995
	1,611	*	Monarch Casino & Resort, Inc		17,463
	5,278	*	Morgans Hotel Group Co		47,687
	3,462	*	Multimedia Games, Inc		18,452
	1,032		National American University Holdings, Inc		6,987
	5,024	*	O’Charleys, Inc		34,766
	15,568	*	Orient-Express Hotels Ltd (Class A)		189,307
	4,501	*	Panera Bread Co (Class A)		430,116
	3,238	*	Papa John’s International, Inc		92,931
	1,900	*	Peet’s Coffee & Tea, Inc		72,504
	10,666	*	Penn National Gaming, Inc		381,096
	3,275		PF Chang’s China Bistro, Inc		150,781
	8,418	*	Pinnacle Entertainment, Inc		126,943
	1,159	*	Pre-Paid Legal Services, Inc		76,309
	1,835	*	Princeton Review, Inc		2,046
	2,712	*	Red Lion Hotels Corp		20,801
	1,938	*	Red Robin Gourmet Burgers, Inc		40,000
	8,413		Regis Corp		141,002
	20,235	*	Royal Caribbean Cruises Ltd		908,552
	9,040	*	Ruby Tuesday, Inc		121,859
	6,345	*	Ruth’s Chris Steak House, Inc		29,568
	10,159	*	Scientific Games Corp (Class A)		104,841
	38,301		Service Corp International		332,070
	7,381	*	Shuffle Master, Inc		76,283
	8,608	*	Sonic Corp		82,551
	10,258		Sotheby’s (Class A)		413,396
	2,017		Speedway Motorsports, Inc		29,206
	111,309		Starbucks Corp		3,509,573
	27,726		Starwood Hotels & Resorts Worldwide, Inc		1,635,002
	202	*	Steak N Shake Co		86,860
	2,036	*	Steiner Leisure Ltd		90,236
	11,557		Stewart Enterprises, Inc (Class A)		73,734
	2,082		Strayer Education, Inc		249,840
	7,450	*	Texas Roadhouse, Inc (Class A)		123,819
	2,873		Universal Technical Institute, Inc		52,432
	5,451	*	Vail Resorts, Inc		261,921
	5,581		Weight Watchers International, Inc		216,543
	46,398		Wendy’s/Arby’s Group, Inc (Class A)		224,102
	8,485	*	WMS Industries, Inc		355,946
	27,097		Wyndham Worldwide Corp		762,239
	11,348		Wynn Resorts Ltd		1,320,113
	68,686		Yum! Brands, Inc		3,211,757
			TOTAL CONSUMER SERVICES		45,958,552
DIVERSIFIED FINANCIALS - 7.7%
	6,404		Advance America Cash Advance Centers, Inc		39,192
	7,871	*	Affiliated Managers Group, Inc		801,504
	52,875	*	American Capital Ltd		431,989
	157,577		American Express Co		6,835,691
	38,651		Ameriprise Financial, Inc		2,382,834
	30,312		Apollo Investment Corp		357,530

107

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,810		Ares Capital Corp	$	483,720
	3,919		Artio Global Investors, Inc		57,413
	1,920	*	Asset Acceptance Capital Corp		11,635
	1,559		Asta Funding, Inc		11,965
	1,509,924		Bank of America Corp		20,731,256
	181,964		Bank of New York Mellon Corp		5,682,736
	8,068		BGC Partners, Inc (Class A)		65,351
	9,822		BlackRock Kelso Capital Corp		112,953
	14,044		BlackRock, Inc		2,780,993
	22,141	*	Broadpoint Securities Group, Inc		47,050
	3,296		Calamos Asset Management, Inc (Class A)		50,692
	69,032		Capital One Financial Corp		3,324,581
	409		Capital Southwest Corp		39,898
	4,707		Cash America International, Inc		189,363
	2,000		CBOE Holdings, Inc		46,020
	148,027		Charles Schwab Corp		2,671,887
	3,186,779	*	Citigroup, Inc		15,360,275
	9,828		CME Group, Inc		3,032,528
	2,438		Cohen & Steers, Inc		69,020
	4,565		Compass Diversified Trust		78,838
	2,507		CompuCredit Corp		15,142
	5,125	*	Cowen Group, Inc		23,216
	1,125	*	Credit Acceptance Corp		63,619
	230		Diamond Hill Investment Group, Inc		15,709
	82,077		Discover Financial Services		1,689,965
	4,036	*	Dollar Financial Corp		123,623
	3,900		Duff & Phelps Corp		66,144
	34,867	*	E*Trade Financial Corp		577,398
	17,739		Eaton Vance Corp		537,492
	1,679	*	Encore Capital Group, Inc		38,197
	1,720		Epoch Holding Corp		25,559
	2,074		Evercore Partners, Inc (Class A)		66,990
	6,408	*	Ezcorp, Inc (Class A)		172,375
	7,188	*	FBR Capital Markets Corp		26,955
	13,776		Federated Investors, Inc (Class B)		373,054
	7,863		Fifth Street Finance Corp		103,634
	1,794	*	Financial Engines, Inc		40,688
	4,125	*	First Cash Financial Services, Inc		136,084
	11,052	*	First Marblehead Corp		24,314
	22,302		Franklin Resources, Inc		2,690,736
	941		Friedman Billings Ramsey Group, Inc (Class A)		23,676
	974		GAMCO Investors, Inc (Class A)		43,324
	9,708		GFI Group, Inc		49,705
	2,552		Gladstone Capital Corp		26,898
	2,486		Gladstone Investment Corp		17,576
	77,566		Goldman Sachs Group, Inc		12,691,349
	1,077		Golub Capital BDC, Inc		17,361
	700	*	Green Dot Corp		44,037
	4,345		Greenhill & Co, Inc		301,630
	2,695	*	Harris & Harris Group, Inc		13,718
	4,866		Hercules Technology Growth Capital, Inc		51,093
	2,645	*	HFF, Inc (Class A)		33,353

108

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,588		Interactive Brokers Group, Inc (Class A)	$	90,358
	10,908	*	IntercontinentalExchange, Inc		1,314,305
	2,126	*	International Assets Holding Corp		49,748
	68,755		Invesco Ltd		1,700,999
	6,512	*	Investment Technology Group, Inc		120,016
	309,342		iShares Russell 3000 Index Fund		23,677,036
	28,255		Janus Capital Group, Inc		364,772
	17,531		Jefferies Group, Inc		438,450
	1,865		JMP Group, Inc		13,969
	598,591		JPMorgan Chase & Co		26,900,679
	1,025		Kayne Anderson Energy Development Co		18,091
	4,820		KBW, Inc		128,935
	13,652	*	Knight Capital Group, Inc (Class A)		189,217
	7,100	*	LaBranche & Co, Inc		26,696
	29,673	*	Ladenburg Thalmann Financial Services, Inc		32,937
	14,686		Lazard Ltd (Class A)		612,700
	22,679		Legg Mason, Inc		751,355
	29,304		Leucadia National Corp		952,966
	1,062		Life Partners Holdings, Inc		10,960
	2,500	*	LPL Investment Holdings, Inc		85,650
	1,727		Main Street Capital Corp		33,746
	4,368		MarketAxess Holdings, Inc		87,928
	1,195	*	Marlin Business Services Corp		15,607
	9,246		MCG Capital Corp		62,873
	1,650		Medallion Financial Corp		12,920
	16,268	*	MF Global Holdings Ltd		134,699
	30,069		Moody’s Corp		883,127
	227,346		Morgan Stanley		6,683,972
	16,553	*	MSCI, Inc (Class A)		566,609
	5,212		MVC Capital, Inc		72,551
	17,348	*	Nasdaq Stock Market, Inc		424,679
	3,846		Nelnet, Inc (Class A)		86,227
	4,400	*	Netspend Holdings, Inc		62,920
	4,005	*	NewStar Financial, Inc		38,808
	2,537		NGP Capital Resources Co		23,061
	36,403		Northern Trust Corp		1,892,228
	38,316		NYSE Euronext		1,218,832
	1,322		Oppenheimer Holdings, Inc		34,504
	5,837		optionsXpress Holdings, Inc		86,738
	5,360		PennantPark Investment Corp		64,856
	7,002	*	Penson Worldwide, Inc		33,330
	8,425	*	PHH Corp		201,273
	3,101	*	Pico Holdings, Inc		96,069
	2,547	*	Piper Jaffray Cos		106,465
	2,442	*	Portfolio Recovery Associates, Inc		176,166
	3,955	*	Primus Guaranty Ltd		18,944
	11,702		Prospect Capital Corp		133,988
	2,515		Pzena Investment Management, Inc (Class A)		17,303
	14,920		Raymond James Financial, Inc		540,402
	6,425	*	Rodman & Renshaw Capital Group, Inc		14,007
	3,932	*	Safeguard Scientifics, Inc		64,681
	3,006		Sanders Morris Harris Group, Inc		20,862

109

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,489		SEI Investments Co	$	520,620
	71,754	*	SLM Corp		1,033,975
	700		Solar Capital Ltd		16,625
	28,000		SPDR Trust Series 1		3,602,760
	74,954		State Street Corp		3,501,851
	5,165	*	Stifel Financial Corp		331,386
	533	*,m	Student Loan Corp		1,333
	4,254		SWS Group, Inc		19,909
	39,060		T Rowe Price Group, Inc		2,574,835
	37,106		TD Ameritrade Holding Corp		757,705
	1,217		THL Credit, Inc		15,553
	3,694		TICC Capital Corp		45,399
	5,667	*	TradeStation Group, Inc		39,499
	1,646		Triangle Capital Corp		32,854
	1,018	*	Virtus Investment Partners, Inc		49,139
	13,649		Waddell & Reed Financial, Inc (Class A)		493,002
	637		Westwood Holdings Group, Inc		22,709
	2,324	*	World Acceptance Corp		130,516
			TOTAL DIVERSIFIED FINANCIALS		170,401,412
ENERGY - 11.6%
	17,588	*	Abraxas Petroleum Corp		84,247
	10,134	*	Allis-Chalmers Energy, Inc		76,816
	1,357		Alon USA Energy, Inc		10,598
	18,220	*	Alpha Natural Resources, Inc		978,961
	900	*	Amyris Biotechnologies, Inc		28,404
	74,208		Anadarko Petroleum Corp		5,719,953
	57,280		Apache Corp		6,836,941
	1,431		APCO Argentina, Inc		89,080
	3,884	*	Approach Resources, Inc		103,586
	24,458		Arch Coal, Inc		837,687
	11,769	*	Atlas America, Inc		521,367
	8,690	*	ATP Oil & Gas Corp		147,382
	8,788	*	Atwood Oceanics, Inc		355,211
	64,339		Baker Hughes, Inc		4,407,865
	3,387	*	Basic Energy Services, Inc		61,847
	7,296		Berry Petroleum Co (Class A)		340,504
	7,534	*	Bill Barrett Corp		308,743
	21,087	*	BPZ Energy, Inc		121,250
	17,046	*	Brigham Exploration Co		504,732
	5,624	*	Bristow Group, Inc		289,580
	15,195		Cabot Oil & Gas Corp		632,568
	17,279	*	Cal Dive International, Inc		106,093
	10,043	*	Callon Petroleum Co		87,475
	35,752	*	Cameron International Corp		1,905,582
	3,053		CARBO Ceramics, Inc		351,583
	4,595	*	Carrizo Oil & Gas, Inc		155,541
	11,014	*	Cheniere Energy, Inc		80,512
	96,762		Chesapeake Energy Corp		2,857,382
	302,172		Chevron Corp		28,685,188
	12,297		Cimarex Energy Co		1,280,487
	868	*	Clayton Williams Energy, Inc		76,948

110

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,698	*	Clean Energy Fuels Corp	$	67,635
	4,443	*	Cloud Peak Energy, Inc		101,167
	10,166	*	Cobalt International Energy, Inc		137,749
	12,772	*	Complete Production Services, Inc		356,850
	6,980	*	Comstock Resources, Inc		193,346
	15,141	*	Concho Resources, Inc		1,457,321
	223,303		ConocoPhillips		15,957,232
	33,009		Consol Energy, Inc		1,640,547
	2,346	*	Contango Oil & Gas Co		136,068
	4,444	*	Continental Resources, Inc		285,349
	6,954		Core Laboratories NV		634,622
	8,684		Crosstex Energy, Inc		73,467
	4,171	*	CVR Energy, Inc		72,242
	1,349	*	Dawson Geophysical Co		45,610
	874		Delek US Holdings, Inc		7,280
	26,816	*	Delta Petroleum Corp		19,415
	60,047	*	Denbury Resources, Inc		1,221,956
	66,408	*	Devon Energy Corp		5,889,726
	6,710		DHT Maritime, Inc		34,154
	10,943		Diamond Offshore Drilling, Inc		784,723
	12,844	*	Dresser-Rand Group, Inc		589,925
	5,104	*	Dril-Quip, Inc		393,620
	103,322		El Paso Corp		1,640,753
	6,299	*	Endeavour International Corp		78,612
	4,260	*	Energy Partners Ltd		68,543
	10,230	*	Energy XXI Bermuda Ltd		294,726
	37,607		EOG Resources, Inc		4,001,009
	22,333		Equitable Resources, Inc		1,076,227
	2,142	*	Evolution Petroleum Corp		15,787
	22,084		EXCO Resources, Inc		443,447
	10,247	*	Exterran Holdings, Inc		254,228
	766,047	d	Exxon Mobil Corp		61,804,671
	17,849	*	FMC Technologies, Inc		1,677,806
	16,902	*	Forest Oil Corp		655,798
	16,720	*	Frontier Oil Corp		347,776
	7,113		Frontline Ltd		184,440
	7,649	*	FX Energy, Inc		69,606
	6,422	*	Gastar Exploration Ltd		27,037
	11,607		General Maritime Corp		35,517
	2,908	*	Georesources, Inc		80,377
	981	*	Global Geophysical Services, Inc		10,889
	14,924	*	Global Industries Ltd		119,616
	7,852	*	GMX Resources, Inc		40,987
	4,583		Golar LNG Ltd		79,973
	5,390	*	Goodrich Petroleum Corp		114,376
	4,821	*	Green Plains Renewable Energy, Inc		53,754
	1,528		Gulf Island Fabrication, Inc		41,378
	3,452	*	Gulfmark Offshore, Inc		132,729
	4,256	*	Gulfport Energy Corp		101,889
	135,526		Halliburton Co		6,098,670
	4,632	*	Harvest Natural Resources, Inc		51,508
	17,115	*	Helix Energy Solutions Group, Inc		212,226

111

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,457		Helmerich & Payne, Inc	$	849,060
	26,503	*	Hercules Offshore, Inc		87,725
	44,796		Hess Corp		3,768,240
	7,231		Holly Corp		354,825
	3,437	*	Hornbeck Offshore Services, Inc		81,594
	2,659		Houston American Energy Corp		41,560
	18,653	*	International Coal Group, Inc		172,540
	18,637	*	ION Geophysical Corp		177,238
	139	*	Isramco, Inc		9,232
	3,981	*	James River Coal Co		89,513
	17,668	*	Key Energy Services, Inc		235,161
	2,429		Knightsbridge Tankers Ltd		58,332
	32,257	*	Kodiak Oil & Gas Corp		204,832
	2,601	*	L&L Energy, Inc		22,109
	4,208		Lufkin Industries, Inc		280,758
	12,742	*	Magnum Hunter Resources Corp		89,704
	106,530		Marathon Oil Corp		4,868,421
	15,081		Massey Energy Co		947,992
	3,319	*	Matrix Service Co		37,372
	33,888	*	McDermott International, Inc		704,193
	16,571	*	McMoRan Exploration Co		259,336
	6,804	*	Miller Petroleum, Inc		34,360
	28,110		Murphy Oil Corp		1,863,693
	42,918	*	Nabors Industries Ltd		1,047,199
	62,301		National Oilwell Varco, Inc		4,604,044
	1,429	*	Natural Gas Services Group, Inc		25,522
	19,575	*	Newfield Exploration Co		1,432,303
	17,493	*	Newpark Resources, Inc		104,608
	26,208		Noble Energy, Inc		2,387,549
	7,478		Nordic American Tanker Shipping		182,837
	9,364	*	Northern Oil And Gas, Inc		258,165
	7,300	*	Oasis Petroleum, Inc		233,381
	121,249		Occidental Petroleum Corp		11,722,353
	8,075	*	Oceaneering International, Inc		623,632
	7,544	*	Oil States International, Inc		511,181
	3,688		Overseas Shipholding Group, Inc		122,589
	561	*	OYO Geospace Corp		53,761
	21,476	*	Pacific Asia Petroleum, Inc		38,442
	879		Panhandle Oil and Gas, Inc (Class A)		23,513
	17,105	*	Parker Drilling Co		74,236
	11,490	*	Patriot Coal Corp		300,693
	23,147		Patterson-UTI Energy, Inc		540,251
	40,121		Peabody Energy Corp		2,544,474
	7,617		Penn Virginia Corp		132,383
	45,462	*	PetroHawk Energy Corp		911,513
	3,850	*	Petroleum Development Corp		175,214
	8,718	*	Petroquest Energy, Inc		68,349
	2,254	*	PHI, Inc		46,477
	6,569	*	Pioneer Drilling Co		58,201
	16,998		Pioneer Natural Resources Co		1,617,530
	21,031	*	Plains Exploration & Production Co		744,497
	25,655	*	Pride International, Inc		833,788

112

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,319		Questar Market Resources, Inc	$	1,069,604
	17,184	*	Quicksilver Resources, Inc		257,932
	7,885	*	RAM Energy Resources, Inc		13,326
	23,242		Range Resources Corp		1,159,079
	29,322	*	Rentech, Inc		36,066
	7,704	*	Resolute Energy Corp		139,442
	5,188	*	Rex Energy Corp		62,438
	995	*	Rex Stores Corp		14,985
	7,458	*	Rosetta Resources, Inc		297,947
	18,751	*	Rowan Cos, Inc		642,784
	6,330		RPC, Inc		111,281
	57,108	*	SandRidge Energy, Inc		424,884
	205,672		Schlumberger Ltd		18,302,750
	1,828	*	Scorpio Tankers, Inc		17,933
	3,132		SEACOR Holdings, Inc		331,021
	2,063	*	Seahawk Drilling, Inc		14,328
	6,243		Ship Finance International Ltd		124,922
	18,731		Southern Union Co		500,492
	51,663	*	Southwestern Energy Co		2,040,689
	95,541		Spectra Energy Corp		2,506,040
	9,543		St. Mary Land & Exploration Co		593,193
	6,275	*	Stone Energy Corp		145,894
	18,145		Sunoco, Inc		770,255
	11,915	*	Superior Energy Services		418,455
	6,419	*	Swift Energy Co		273,835
	10,677	*	Syntroleum Corp		16,443
	5,764		Teekay Corp		195,169
	4,054		Teekay Tankers Ltd (Class A)		48,445
	4,273	*	Tesco Corp		65,227
	21,307	*	Tesoro Corp		410,160
	10,698	*	Tetra Technologies, Inc		121,422
	7,610		Tidewater, Inc		452,719
	20,713	*	TransAtlantic Petroleum Ltd		59,446
	23,055	*	Ultra Petroleum Corp		1,100,415
	1,437	*	Union Drilling, Inc		10,490
	6,429	*	Unit Corp		329,165
	10,810	*	Uranium Energy Corp		56,536
	16,895	*	USEC, Inc		93,767
	8,878		Vaalco Energy, Inc		64,632
	83,455		Valero Energy Corp		2,116,419
	29,770	*	Vantage Drilling Co		55,372
	2,862	*	Venoco, Inc		59,701
	4,726		W&T Offshore, Inc		96,174
	13,013	*	Warren Resources, Inc		72,613
	110,473	*	Weatherford International Ltd		2,620,420
	8,374	*	Western Refining, Inc		101,995
	8,570	*	Whiting Petroleum Corp		1,082,220
	8,255	*	Willbros Group, Inc		98,730
	85,618		Williams Cos, Inc		2,310,830
	11,070		World Fuel Services Corp		415,568
			TOTAL ENERGY		256,938,600

113

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.9%
	2,506		Andersons, Inc	$	97,183
	159		Arden Group, Inc (Class A)		12,598
	8,741	*	BJ’s Wholesale Club, Inc		384,080
	6,474		Casey’s General Stores, Inc		275,080
	66,054		Costco Wholesale Corp		4,745,319
	204,237		CVS Corp		6,984,905
	2,200	*	Fresh Market, Inc		80,894
	1,511		Ingles Markets, Inc (Class A)		29,268
	96,362		Kroger Co		2,062,147
	1,907		Nash Finch Co		71,837
	3,132	*	Pantry, Inc		52,210
	2,383		Pricesmart, Inc		86,956
	83,866	*	Rite Aid Corp		107,348
	7,036		Ruddick Corp		237,113
	56,950		Safeway, Inc		1,178,296
	3,602		Spartan Stores, Inc		52,193
	31,938		Supervalu, Inc		232,828
	974	*	Susser Holdings Corp		14,045
	88,232		Sysco Corp		2,571,080
	7,381	*	United Natural Foods, Inc		273,097
	842		Village Super Market (Class A)		26,447
	138,289		Walgreen Co		5,592,407
	291,845		Wal-Mart Stores, Inc		16,363,749
	2,477		Weis Markets, Inc		97,916
	20,643		Whole Foods Market, Inc		1,067,450
	7,216	*	Winn-Dixie Stores, Inc		46,038
			TOTAL FOOD & STAPLES RETAILING		42,742,484
FOOD, BEVERAGE & TOBACCO - 4.7%
	445		Alico, Inc		11,174
	11,613	*	Alliance One International, Inc		44,478
	313,884		Altria Group, Inc		7,379,413
	96,008		Archer Daniels Midland Co		3,136,581
	6,820		B&G Foods, Inc (Class A)		91,593
	1,530	*	Boston Beer Co, Inc (Class A)		137,715
	16,206		Brown-Forman Corp (Class B)		1,075,268
	21,179		Bunge Ltd		1,441,655
	1,190		Calavo Growers, Inc		27,465
	1,890	b	Cal-Maine Foods, Inc		53,600
	28,002		Campbell Soup Co		955,988
	10,613	*	Central European Distribution Corp		243,462
	6,012	*	Chiquita Brands International, Inc		92,705
	572		Coca-Cola Bottling Co Consolidated		30,899
	317,072		Coca-Cola Co		19,927,976
	50,022		Coca-Cola Enterprises, Inc		1,258,554
	67,071		ConAgra Foods, Inc		1,497,695
	26,935	*	Constellation Brands, Inc (Class A)		517,691
	11,315		Corn Products International, Inc		521,961
	10,759	*	Darling International, Inc		145,784
	28,364	*	Dean Foods Co		287,895
	29,865		Del Monte Foods Co		566,240

114

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,570		Diamond Foods, Inc	$	177,679
	5,085	*	Dole Food Co, Inc		71,088
	33,685		Dr Pepper Snapple Group, Inc		1,193,460
	797		Farmer Bros Co		10,337
	12,635		Flowers Foods, Inc		318,781
	6,525		Fresh Del Monte Produce, Inc		172,586
	99,732		General Mills, Inc		3,468,679
	16,622	*	Green Mountain Coffee Roasters, Inc		558,167
	406		Griffin Land & Nurseries, Inc (Class A)		11,904
	47,269		H.J. Heinz Co		2,245,278
	5,594	*	Hain Celestial Group, Inc		148,968
	10,133	*	Hansen Natural Corp		573,933
	1,197	*	Harbinger Group, Inc		6,895
	10,971	*	Heckmann Corp		52,990
	23,361		Hershey Co		1,090,725
	10,913		Hormel Foods Corp		539,102
	1,197		Imperial Sugar Co		14,340
	2,597		J&J Snack Foods Corp		110,295
	18,130		J.M. Smucker Co		1,126,961
	1,086	*	John B. Sanfilippo & Son, Inc		12,337
	38,571		Kellogg Co		1,940,121
	240,890		Kraft Foods, Inc (Class A)		7,364,008
	3,555		Lancaster Colony Corp		197,551
	4,091		Lance, Inc		84,847
	1,183		Limoneira Co		26,618
	22,959		Lorillard, Inc		1,727,435
	19,498		McCormick & Co, Inc		861,812
	30,082		Mead Johnson Nutrition Co		1,743,854
	1,659		Mgp Ingredients, Inc		15,669
	19,359		Molson Coors Brewing Co (Class B)		907,356
	2,418		National Beverage Corp		32,522
	241,975		PepsiCo, Inc		15,561,412
	277,753		Philip Morris International, Inc		15,898,581
	6,880	*	Pilgrim’s Pride Corp		48,022
	8,718	*	Ralcorp Holdings, Inc		533,542
	50,520		Reynolds American, Inc		1,607,041
	3,692		Sanderson Farms, Inc		151,778
	96,980		Sara Lee Corp		1,645,751
	1,580	*	Seneca Foods Corp		43,924
	8,675	*	Smart Balance, Inc		34,743
	19,832	*	Smithfield Foods, Inc		394,855
	16,938	*	Star Scientific, Inc		26,762
	4,702	*	Synutra International, Inc		55,578
	3,695		Tootsie Roll Industries, Inc		102,204
	5,405	*	TreeHouse Foods, Inc		258,629
	44,912		Tyson Foods, Inc (Class A)		738,802
	3,973		Universal Corp		150,537
	7,369		Vector Group Ltd		117,978
			TOTAL FOOD, BEVERAGE & TOBACCO		103,622,229
HEALTH CARE EQUIPMENT & SERVICES - 4.3%
	3,354	*	Abaxis, Inc		88,378

115

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,238	*	Abiomed, Inc	$	51,332
	1,678	*	Accretive Health, Inc		30,439
	7,125	*	Accuray, Inc		60,990
	60,148		Aetna, Inc		1,981,275
	1,581	*	Air Methods Corp		81,010
	10,421		Alcon, Inc		1,697,164
	8,264	*	Align Technology, Inc		172,139
	894	*	Alimera Sciences, Inc		8,931
	3,355	*	Alliance Imaging, Inc		14,057
	5,849	*	Allied Healthcare International, Inc		14,155
	17,051	*	Allscripts Healthcare Solutions, Inc		359,947
	1,314	*	Almost Family, Inc		43,874
	16,596	*	Alphatec Holdings, Inc		39,996
	3,994	*	Amedisys, Inc		136,155
	1,085		America Service Group, Inc		18,304
	1,755	*	American Dental Partners, Inc		22,306
	11,671	*	American Medical Systems Holdings, Inc		227,818
	7,169	*	AMERIGROUP Corp		375,441
	43,493		AmerisourceBergen Corp		1,559,659
	4,810	*	AMN Healthcare Services, Inc		27,898
	4,950	*	Amsurg Corp		104,297
	2,378		Analogic Corp		121,444
	3,787	*	Angiodynamics, Inc		61,330
	9,912	*	Antares Pharma, Inc		15,364
	3,814	*	Arthrocare Corp		106,754
	1,286	*	Assisted Living Concepts, Inc (A Shares)		42,335
	4,866	*	athenahealth, Inc		208,946
	235		Atrion Corp		39,400
	14,125		Bard (C.R.), Inc		1,332,694
	89,853		Baxter International, Inc		4,356,972
	10,883		Beckman Coulter, Inc		783,685
	34,811		Becton Dickinson & Co		2,887,572
	4,560	*	Bio-Reference Labs, Inc		105,290
	5,643	*	BioScrip, Inc		29,231
	222,548	*	Boston Scientific Corp		1,553,385
	12,039	*	Brookdale Senior Living, Inc		263,052
	1,772		Cantel Medical Corp		37,726
	2,148	*	Capital Senior Living Corp		14,671
	54,355		Cardinal Health, Inc		2,256,276
	3,469	*	CardioNet, Inc		15,090
	26,494	*	CareFusion Corp		681,691
	5,961	*	Catalyst Health Solutions, Inc		258,707
	7,092	*	Centene Corp		196,590
	10,519	*	Cerner Corp		1,039,804
	5,273	*	Cerus Corp		17,401
	3,750		Chemed Corp		233,363
	1,783	*	Chindex International, Inc		27,886
	41,834		Cigna Corp		1,757,865
	14,904	*	Community Health Systems, Inc		523,428
	1,870		Computer Programs & Systems, Inc		97,053
	4,075	*	Conceptus, Inc		55,033
	4,127	*	Conmed Corp		107,756

116

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,983	*	Continucare Corp	$	16,211
	7,025		Cooper Cos, Inc		402,814
	1,044	*	Corvel Corp		52,701
	22,243	*	Coventry Health Care, Inc		666,623
	75,206		Covidien plc		3,570,029
	4,302	*	Cross Country Healthcare, Inc		30,974
	4,851	*	CryoLife, Inc		24,595
	1,698	*	Cutera, Inc		13,890
	3,736	*	Cyberonics, Inc		122,354
	854	*	Cynosure, Inc (Class A)		9,321
	15,258	*	DaVita, Inc		1,126,803
	5,866	*	Delcath Systems, Inc		55,492
	21,566		Dentsply International, Inc		765,162
	8,097	*	DexCom, Inc		114,208
	1,317	*	DynaVox, Inc		6,914
	16,663	*	Edwards Lifesciences Corp		1,404,524
	3,127	*	Electro-Optical Sciences, Inc		8,443
	3,909	*	Emdeon, Inc		57,423
	4,083	*	Emergency Medical Services Corp (Class A)		275,603
	2,401	*	Emeritus Corp		45,859
	5,762	*	Endologix, Inc		33,592
	2,710		Ensign Group, Inc		65,474
	789	*	Exactech, Inc		13,168
	1,700	*	EXamWorks, Inc		37,196
	82,482	*	Express Scripts, Inc		4,646,212
	4,392	*	Five Star Quality Care, Inc		27,494
	2,854	*	Genoptix, Inc		71,236
	7,738	*	Gen-Probe, Inc		486,643
	3,552	*	Gentiva Health Services, Inc		81,767
	3,542	*	Greatbatch, Inc		83,414
	4,000	*	Haemonetics Corp		237,360
	4,454	*	Hanger Orthopedic Group, Inc		91,530
	10,149	*	Hansen Medical, Inc		16,340
	38,724	*	Health Management Associates, Inc (Class A)		352,388
	14,945	*	Health Net, Inc		426,381
	14,414	*	Healthsouth Corp		326,045
	8,875	*	Healthspring, Inc		269,711
	4,760	*	Healthways, Inc		56,977
	1,581	*	HeartWare International, Inc		147,049
	14,053	*	Henry Schein, Inc		922,720
	9,487		Hill-Rom Holdings, Inc		383,939
	4,409	*	HMS Holdings Corp		283,675
	38,955	*	Hologic, Inc		775,984
	25,708	*	Humana, Inc		1,490,293
	1,942	*	ICU Medical, Inc		75,855
	8,509	*	Idexx Laboratories, Inc		610,095
	11,323	*	Immucor, Inc		223,856
	7,347	*	Insulet Corp		125,119
	3,369	*	Integra LifeSciences Holdings Corp		156,254
	5,899	*	Intuitive Surgical, Inc		1,904,846
	4,303		Invacare Corp		118,935
	12,640	*	Inverness Medical Innovations, Inc		495,109

117

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,372	*	IPC The Hospitalist Co, Inc	$	88,072
	2,136	*	IRIS International, Inc		21,125
	994	*	Kensey Nash Corp		24,055
	5,370	*	Kindred Healthcare, Inc		100,473
	9,579	*	Kinetic Concepts, Inc		441,879
	15,431	*	Laboratory Corp of America Holdings		1,387,401
	1,423		Landauer, Inc		82,605
	2,013	*	LCA-Vision, Inc		13,628
	3,264	*	LHC Group, Inc		86,822
	8,483	*	LifePoint Hospitals, Inc		298,602
	14,619		Lincare Holdings, Inc		395,444
	4,933	*	Magellan Health Services, Inc		238,807
	3,561	*	MAKO Surgical Corp		55,267
	8,168		Masimo Corp		244,836
	38,183		McKesson Corp		2,870,216
	6,090	*	MedAssets, Inc		119,547
	2,045	*	Medcath Corp		27,383
	65,448	*	Medco Health Solutions, Inc		3,993,638
	5,110	*	Medical Action Industries, Inc		41,391
	4,173	*	Medidata Solutions, Inc		104,116
	1,220		MedQuist, Inc		11,370
	166,122		Medtronic, Inc		6,365,795
	6,990	*	Merge Healthcare, Inc		29,917
	5,826		Meridian Bioscience, Inc		127,822
	4,242	*	Merit Medical Systems, Inc		62,654
	5,145	*	Metropolitan Health Networks, Inc		23,564
	2,621	*	Molina Healthcare, Inc		80,360
	1,960	*	MWI Veterinary Supply, Inc		121,834
	1,188		National Healthcare Corp		52,593
	34		National Research Corp		1,023
	3,980	*	Natus Medical, Inc		59,939
	3,603	*	Neogen Corp		129,564
	5,577	*	NuVasive, Inc		155,849
	3,459	*	NxStage Medical, Inc		83,154
	17,782		Omnicare, Inc		460,909
	4,502	*	Omnicell, Inc		62,735
	6,498	*	OraSure Technologies, Inc		42,042
	2,540	*	Orthofix International NV		72,644
	7,797	*	Orthovita, Inc		16,023
	9,317		Owens & Minor, Inc		275,131
	2,480	*	Palomar Medical Technologies, Inc		36,853
	15,040		Patterson Cos, Inc		497,222
	1,344	*	PDI, Inc		10,853
	6,936	*	Pediatrix Medical Group, Inc		458,816
	4,546	*	PharMerica Corp		51,415
	1,666	*	Providence Service Corp		23,707
	9,505	*	PSS World Medical, Inc		226,504
	2,759		Quality Systems, Inc		220,279
	20,753		Quest Diagnostics, Inc		1,181,883
	3,050	*	Quidel Corp		41,419
	3,516	*	RehabCare Group, Inc		86,353
	22,318	*	Resmed, Inc		702,794

118

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,284	*	Rochester Medical Corp	$	13,720
	6,469	*	RTI Biologics, Inc		17,337
	2,700	*	Rural		37,638
	8,318	*	Select Medical Holdings Corp		56,063
	4,710	*	Sirona Dental Systems, Inc		206,345
	3,613	*	Skilled Healthcare Group, Inc (Class A)		38,804
	8,051	*	Solta Medical, Inc		22,140
	2,564	*	SonoSite, Inc		86,048
	3,266	*	Spectranetics Corp		15,024
	49,642	*	St. Jude Medical, Inc		2,010,501
	4,783	*	Staar Surgical Co		24,991
	2,943	*	Stereotaxis, Inc		9,888
	9,126		STERIS Corp		317,767
	47,032		Stryker Corp		2,707,162
	3,592	*	Sun Healthcare Group, Inc		44,882
	14,746	*	Sunrise Senior Living, Inc		117,968
	2,207	*	SurModics, Inc		26,043
	9,025	*	SXC Health Solutions Corp		434,193
	4,990	*	Symmetry Medical, Inc		47,754
	5,107	*	Syneron Medical Ltd		54,236
	1,466	*	Synovis Life Technologies, Inc		21,968
	2,100	*	Team Health Holdings, Inc		32,466
	5,868		Teleflex, Inc		336,354
	73,902	*	Tenet Healthcare Corp		491,448
	8,187	*	Thoratec Corp		193,131
	4,598	*	TomoTherapy, Inc		15,357
	1,117	*	Transcend Services, Inc		20,586
	2,811	*	Triple-S Management Corp (Class B)		51,891
	6,859	*	Unilife Corp		33,266
	171,444		UnitedHealth Group, Inc		7,037,777
	4,007		Universal American Financial Corp		80,901
	13,511		Universal Health Services, Inc (Class B)		568,813
	1,389	*	US Physical Therapy, Inc		26,391
	18,236	*	Varian Medical Systems, Inc		1,232,207
	2,153	*	Vascular Solutions, Inc		22,779
	13,181	*	VCA Antech, Inc		302,109
	2,303	*	Vital Images, Inc		30,607
	6,963	*	Volcano Corp		182,848
	5,886	*	WellCare Health Plans, Inc		175,991
	59,834	*	WellPoint, Inc		3,716,888
	5,343		West Pharmaceutical Services, Inc		213,667
	5,213	*	Wright Medical Group, Inc		77,465
	727		Young Innovations, Inc		21,825
	31,198	*	Zimmer Holdings, Inc		1,845,674
	3,572	*	Zoll Medical Corp		147,702
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		95,726,901
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%
	13,508		Alberto-Culver Co		503,173
	64,299		Avon Products, Inc		1,820,305
	8,073	*	Central Garden and Pet Co (Class A)		76,532
	10,977		Church & Dwight Co, Inc		755,327

119

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	21,252		Clorox Co	$	1,336,538
	73,532		Colgate-Palmolive Co		5,645,052
	3,538	*	Elizabeth Arden, Inc		90,537
	10,276	*	Energizer Holdings, Inc		747,476
	16,147		Estee Lauder Cos (Class A)		1,299,834
	1,969		Female Health Co		10,140
	9,301		Herbalife Ltd		607,634
	1,974		Inter Parfums, Inc		35,216
	62,401		Kimberly-Clark Corp		4,039,217
	1,740	*	Medifast, Inc		41,621
	1,074	*	Nature’s Sunshine Products, Inc		8,753
	7,708		Nu Skin Enterprises, Inc (Class A)		231,857
	1,366	*	Nutraceutical International Corp		18,946
	674		Oil-Dri Corp of America		12,860
	5,908	*	Prestige Brands Holdings, Inc		65,224
	433,244		Procter & Gamble Co		27,350,694
	1,673	*	Revlon, Inc (Class A)		16,295
	1,530		Schiff Nutrition International, Inc		11,353
	2,342	*	Spectrum Brands, Inc		76,771
	804	*	USANA Health Sciences, Inc		30,488
	2,740		WD-40 Co		107,874
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		44,939,717
INSURANCE - 3.8%
	50,739		ACE Ltd		3,125,015
	70,816		Aflac, Inc		4,077,585
	984	*	Alleghany Corp		303,840
	6,819		Allied World Assurance Co Holdings Ltd		411,390
	78,962		Allstate Corp		2,458,877
	8,398		American Equity Investment Life Holding Co		106,487
	12,636		American Financial Group, Inc		411,049
	17,843	*	American International Group, Inc		719,965
	980		American National Insurance Co		81,712
	1,178	*	American Safety Insurance Holdings Ltd		23,631
	2,639	*	Amerisafe, Inc		47,001
	3,216		Amtrust Financial Services, Inc		59,528
	49,311		AON Corp		2,255,485
	7,319	*	Arch Capital Group Ltd		645,902
	4,264		Argo Group International Holdings Ltd		151,884
	16,245		Arthur J. Gallagher & Co		482,152
	12,628		Aspen Insurance Holdings Ltd		379,471
	16,815		Assurant, Inc		659,652
	27,788		Assured Guaranty Ltd		401,814
	17,643		Axis Capital Holdings Ltd		627,738
	1,020		Baldwin & Lyons, Inc (Class B)		22,919
	260,167	*	Berkshire Hathaway, Inc (Class B)		21,268,652
	16,652		Brown & Brown, Inc		412,304
	45,563		Chubb Corp		2,639,465
	21,533		Cincinnati Financial Corp		689,917
	6,803	*	Citizens, Inc (Class A)		48,505
	3,694	*	CNA Financial Corp		99,258
	2,304	*	CNA Surety Corp		55,365

120

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	36,535	*	Conseco, Inc	$	231,267
	3,194	*	Crawford & Co (Class B)		11,850
	6,555		Delphi Financial Group, Inc (Class A)		188,653
	1,472		Donegal Group, Inc (Class A)		19,062
	3,364	*	eHealth, Inc		40,704
	358		EMC Insurance Group, Inc		8,044
	6,230		Employers Holdings, Inc		104,602
	7,010		Endurance Specialty Holdings Ltd		325,895
	1,204	*	Enstar Group Ltd		99,655
	4,367		Erie Indemnity Co (Class A)		290,056
	8,670		Everest Re Group Ltd		730,708
	1,841		FBL Financial Group, Inc (Class A)		51,198
	34,528		Fidelity National Title Group, Inc (Class A)		464,402
	14,267		First American Financial Corp		221,281
	1,443		First Mercury Financial Corp		23,737
	7,362		Flagstone Reinsurance Holdings Ltd		90,258
	1,436	*	Fpic Insurance Group, Inc		51,351
	74,332	*	Genworth Financial, Inc (Class A)		1,008,685
	3,862	*	Greenlight Capital Re Ltd (Class A)		109,179
	1,260	*	Hallmark Financial Services		10,697
	6,611		Hanover Insurance Group, Inc		312,700
	1,895		Harleysville Group, Inc		66,950
	64,925		Hartford Financial Services Group, Inc		1,803,617
	17,850		HCC Insurance Holdings, Inc		540,498
	6,071	*	Hilltop Holdings, Inc		59,557
	5,348		Horace Mann Educators Corp		92,413
	2,309		Infinity Property & Casualty Corp		137,940
	387		Kansas City Life Insurance Co		12,210
	46,498		Lincoln National Corp		1,341,002
	46,282		Loews Corp		1,853,594
	7,070		Maiden Holdings Ltd		56,560
	1,450	*	Markel Corp		583,625
	81,099		Marsh & McLennan Cos, Inc		2,261,040
	14,668		Max Capital Group Ltd		316,095
	22,259	*	MBIA, Inc		238,171
	7,924		Meadowbrook Insurance Group, Inc		75,199
	4,344		Mercury General Corp		184,403
	98,409		Metlife, Inc		4,504,180
	11,300		Montpelier Re Holdings Ltd		224,305
	6,414	*	National Financial Partners Corp		81,330
	1,259		National Interstate Corp		26,464
	310		National Western Life Insurance Co (Class A)		53,624
	1,818	*	Navigators Group, Inc		88,973
	38,387		Old Republic International Corp		469,473
	3,022		OneBeacon Insurance Group Ltd (Class A)		41,553
	11,520		PartnerRe Ltd		943,258
	16,445	*	Phoenix Cos, Inc		42,099
	6,496		Platinum Underwriters Holdings Ltd		287,123
	2,163		Presidential Life Corp		20,505
	3,146		Primerica, Inc		76,133
	48,243		Principal Financial Group		1,580,923
	4,935	*	ProAssurance Corp		289,536

121

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	101,052		Progressive Corp	$	2,001,840
	12,263		Protective Life Corp		338,091
	69,739		Prudential Financial, Inc		4,289,646
	11,292		Reinsurance Group of America, Inc (Class A)		649,968
	8,609		RenaissanceRe Holdings Ltd		564,923
	3,060		RLI Corp		164,842
	1,937		Safety Insurance Group, Inc		92,182
	2,936		SeaBright Insurance Holdings, Inc		28,509
	7,649		Selective Insurance Group, Inc		135,999
	7,036		Stancorp Financial Group, Inc		313,876
	1,886		State Auto Financial Corp		28,762
	2,389		Stewart Information Services Corp		27,258
	4,982		Symetra Financial Corp		65,912
	12,458		Torchmark Corp		776,133
	5,945		Tower Group, Inc		154,808
	9,465		Transatlantic Holdings, Inc		486,974
	65,576		Travelers Cos, Inc		3,689,306
	2,398	*	United America Indemnity Ltd		47,756
	3,242		United Fire & Casualty Co		64,986
	7,209		Unitrin, Inc		193,994
	1,705		Universal Insurance Holdings, Inc		9,241
	51,414		UnumProvident Corp		1,282,265
	10,571		Validus Holdings Ltd		321,358
	18,634		W.R. Berkley Corp		526,411
	259		Wesco Financial Corp		97,330
	1,243		White Mountains Insurance Group Ltd		422,620
	50,063		XL Capital Ltd		1,147,444
			TOTAL INSURANCE		83,335,334
MATERIALS - 4.2%
	4,432		A. Schulman, Inc		94,623
	650	*	AEP Industries, Inc		17,999
	31,865		Air Products & Chemicals, Inc		2,780,220
	12,226		Airgas, Inc		766,203
	17,408		AK Steel Holding Corp		276,787
	13,648		Albemarle Corp		766,472
	153,183		Alcoa, Inc		2,538,241
	14,840		Allegheny Technologies, Inc		967,420
	11,081	*	Allied Nevada Gold Corp		292,982
	3,604		AMCOL International Corp		107,832
	3,548		American Vanguard Corp		29,413
	10,789		Aptargroup, Inc		518,519
	3,175		Arch Chemicals, Inc		115,062
	11,830		Ashland, Inc		686,850
	4,161		Balchem Corp		140,018
	14,123		Ball Corp		1,004,569
	16,951		Bemis Co, Inc		551,755
	9,643		Boise, Inc		86,691
	2,989	*	Brush Engineered Materials, Inc		104,555
	5,763		Buckeye Technologies, Inc		144,997
	9,627		Cabot Corp		416,368
	8,371	*	Calgon Carbon Corp		119,370

122

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,062	*	Capital Gold Corp	$	33,827
	6,921		Carpenter Technology Corp		284,799
	2,462	*	Castle (A.M.) & Co		38,629
	23,553		Celanese Corp (Series A)		977,214
	9,260	*	Century Aluminum Co		137,696
	10,758		CF Industries Holdings, Inc		1,452,760
	1,458	*	Clearwater Paper Corp		115,299
	20,092		Cleveland-Cliffs, Inc		1,717,062
	13,942	*	Coeur d’Alene Mines Corp		325,964
	18,312		Commercial Metals Co		306,177
	4,811		Compass Minerals International, Inc		441,987
	25,087	*	Crown Holdings, Inc		836,902
	7,359		Cytec Industries, Inc		401,360
	1,552		Deltic Timber Corp		93,104
	6,445		Domtar Corporation		566,709
	172,460		Dow Chemical Co		6,118,880
	136,082		Du Pont (E.I.) de Nemours & Co		6,896,635
	6,446		Eagle Materials, Inc		186,934
	10,591		Eastman Chemical Co		983,480
	35,100		Ecolab, Inc		1,744,119
	14,542	*	Ferro Corp		224,238
	10,727		FMC Corp		815,896
	70,250		Freeport-McMoRan Copper & Gold, Inc (Class B)		7,639,687
	15,725	*	General Moly, Inc		80,040
	6,277	*	Georgia Gulf Corp		167,157
	6,453		Glatfelter		77,630
	10,289		Globe Specialty Metals, Inc		188,906
	41,565	*	Golden Star Resources Ltd		153,375
	2,339	*	Graham Packaging Co, Inc		40,769
	17,219	*	Graphic Packaging Holding Co		81,790
	5,708		Greif, Inc (Class A)		359,889
	7,196		H.B. Fuller Co		163,997
	1,202		Hawkins, Inc		47,203
	1,730		Haynes International, Inc		84,286
	9,786	*	Headwaters, Inc		51,474
	38,961	*	Hecla Mining Co		350,649
	6,399	*	Horsehead Holding Corp		81,331
	28,407		Huntsman Corp		494,566
	3,560		Innophos Holdings, Inc		118,085
	12,376		International Flavors & Fragrances, Inc		706,051
	65,572		International Paper Co		1,893,720
	6,771	*	Intrepid Potash, Inc		244,704
	15,984	*	Jaguar Mining, Inc		95,265
	2,769		Kaiser Aluminum Corp		132,109
	4,874	*	Kapstone Paper and Packaging Corp		83,004
	878		KMG Chemicals, Inc		14,952
	2,822		Koppers Holdings, Inc		108,591
	1,500	*	Kraton Polymers LLC		47,085
	3,337	*	Landec Corp		20,890
	21,790	*	Louisiana-Pacific Corp		218,772
	2,370	*	LSB Industries, Inc		71,384
	10,025		Lubrizol Corp		1,077,287

123

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,672		Martin Marietta Materials, Inc	$	557,112
	25,685		MeadWestvaco Corp		735,362
	1,583	*	Metals USA Holdings Corp		24,062
	2,940		Minerals Technologies, Inc		185,279
	3,960	*	Molycorp, Inc		185,368
	81,929		Monsanto Co		6,011,949
	24,044		Mosaic Co		1,948,526
	4,382		Myers Industries, Inc		40,051
	19,478		Nalco Holding Co		593,300
	2,063		Neenah Paper, Inc		39,733
	1,601		NewMarket Corp		203,103
	71,010		Newmont Mining Corp		3,910,520
	2,057		NL Industries, Inc		27,461
	1,688	*	Noranda Aluminium Holding Corp		24,966
	46,165		Nucor Corp		2,119,435
	11,052		Olin Corp		215,182
	1,094		Olympic Steel, Inc		29,943
	4,534	*	OM Group, Inc		164,040
	5,846	*	Omnova Solutions, Inc		41,097
	24,990	*	Owens-Illinois, Inc		736,955
	15,512		Packaging Corp of America		438,214
	13,068	*	PolyOne Corp		171,844
	24,977		PPG Industries, Inc		2,105,061
	45,466		Praxair, Inc		4,230,156
	1,562		Quaker Chemical Corp		59,950
	11,155		Reliance Steel & Aluminum Co		583,295
	5,898		Rock-Tenn Co (Class A)		393,692
	7,831	*	Rockwood Holdings, Inc		317,860
	8,694		Royal Gold, Inc		403,402
	19,069		RPM International, Inc		446,787
	4,128	*	RTI International Metals, Inc		119,258
	3,073		Schnitzer Steel Industries, Inc (Class A)		189,604
	2,819		Schweitzer-Mauduit International, Inc		169,027
	7,487		Scotts Miracle-Gro Co (Class A)		386,853
	23,459		Sealed Air Corp		626,121
	5,624	*	Senomyx, Inc		33,463
	7,823		Sensient Technologies Corp		265,278
	14,050		Sherwin-Williams Co		1,190,457
	18,684		Sigma-Aldrich Corp		1,189,237
	8,420		Silgan Holdings, Inc		314,319
	18,781	*	Solutia, Inc		439,851
	14,782		Sonoco Products Co		525,500
	25,443		Southern Copper Corp (NY)		1,140,355
	3,858	*	Spartech Corp		32,214
	32,562		Steel Dynamics, Inc		592,628
	1,112		Stepan Co		80,642
	7,262	*	Stillwater Mining Co		157,440
	3,760	*	STR Holdings, Inc		68,733
	16,183		Temple-Inland, Inc		388,230
	2,962		Texas Industries, Inc		117,680
	1,013	*	Texas Petrochemicals, Inc		31,910
	24,923	*	Thompson Creek Metals Co, Inc		337,457

124

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	13,574	*	Titanium Metals Corp	$	255,870
	230	*	United States Lime & Minerals, Inc		9,149
	21,246		United States Steel Corp		1,225,257
	682	*	Universal Stainless & Alloy		21,824
	3,926	*	US Energy Corp Wyoming		23,792
	14,632	*	US Gold Corp		93,645
	15,653		Valspar Corp		584,953
	9,330	*	Verso Paper Corp		43,571
	19,205		Vulcan Materials Co		817,366
	8,081		Walter Energy, Inc		1,052,712
	6,892		Wausau Paper Corp		59,064
	2,843		Westlake Chemical Corp		110,081
	8,807		Worthington Industries, Inc		167,333
	10,881	*	WR Grace & Co		386,167
	3,470		Zep, Inc		62,703
	3,318	*	Zoltek Cos, Inc		37,095
			TOTAL MATERIALS		92,411,809
MEDIA - 3.1%
	4,918	*	AH Belo Corp (Class A)		39,885
	3,798		Arbitron, Inc		158,339
	2,004	*	Ascent Media Corp (Series A)		76,232
	1,904	*	Ballantyne Strong, Inc		14,318
	13,153	*	Belo (A.H.) Corp (Class A)		88,651
	34,597		Cablevision Systems Corp (Class A)		1,171,108
	2,152	*	Carmike Cinemas, Inc		14,074
	102,034		CBS Corp (Class B)		2,023,334
	5,299	*	Central European Media Enterprises Ltd (Class A) Nasdaq		96,442
	7,657		Cinemark Holdings, Inc		129,786
	7,987	*	CKX, Inc		25,399
	6,278	*	Clear Channel Outdoor Holdings, Inc (Class A)		87,201
	423,338		Comcast Corp (Class A)		9,630,939
	3,179	*	Cumulus Media, Inc (Class A)		12,144
	7,037	*	Dex One Corp		38,704
	122,149	*	DIRECTV		5,177,896
	41,952	*	Discovery Communications, Inc (Class A)		1,636,128
	30,947		DISH Network Corp (Class A)		653,291
	10,925	*	DreamWorks Animation SKG, Inc (Class A)		306,665
	2,343	*	Entercom Communications Corp (Class A)		22,961
	4,682	*	Entravision Communications Corp (Class A)		10,113
	4,385	*	EW Scripps Co (Class A)		39,816
	727	*	Fisher Communications, Inc		17,550
	35,838		Gannett Co, Inc		528,252
	2,311	*	Global Sources Ltd		22,856
	2,109	*	Gray Television, Inc		4,176
	5,853		Harte-Hanks, Inc		72,987
	73,593	*	Interpublic Group of Cos, Inc		786,709
	7,174		John Wiley & Sons, Inc (Class A)		329,645
	9,251	*	Journal Communications, Inc (Class A)		44,405
	4,042	*	Knology, Inc		59,134
	8,093	*	Lamar Advertising Co (Class A)		298,146
	13,480	*	Lee Enterprises, Inc		38,822

125

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	35,852	*	Liberty Global, Inc (Class A)	$	1,454,157
	11,395	*	Liberty Media Corp - Capital (Series A)		748,196
	7,565	*	Liberty Media Corp - Starz		504,359
	4,679	*	Lin TV Corp (Class A)		22,553
	9,665	*	Lions Gate Entertainment Corp		59,923
	19,417	*	Live Nation, Inc		201,937
	10,157	*	Lodgenet Entertainment Corp		34,940
	9,424	*	Madison Square Garden, Inc		237,673
	3,542	*	Martha Stewart Living Omnimedia, Inc (Class A)		13,708
	12,015	*	McClatchy Co (Class A)		61,277
	46,414		McGraw-Hill Cos, Inc		1,809,218
	6,419	*	Media General, Inc (Class A)		32,223
	5,315	*	Mediacom Communications Corp (Class A)		46,586
	5,443		Meredith Corp		183,429
	3,260		Morningstar, Inc		174,149
	8,096		National CineMedia, Inc		142,813
	19,178	*	New York Times Co (Class A)		193,890
	343,848		News Corp (Class A)		5,164,597
	1,448	*	Nexstar Broadcasting Group, Inc (Class A)		7,110
	46,092		Omnicom Group, Inc		2,068,609
	1,967		Outdoor Channel Holdings, Inc		15,736
	3,425	*	Playboy Enterprises, Inc (Class B)		21,030
	3,992		Primedia, Inc		21,038
	4,506	*	Radio One, Inc		5,633
	705	*	ReachLocal, Inc		15,369
	13,192		Regal Entertainment Group (Class A)		160,415
	1,276	*	Rentrak Corp		35,020
	4,288		Scholastic Corp		127,482
	14,225		Scripps Networks Interactive (Class A)		661,463
	6,135		Sinclair Broadcast Group, Inc (Class A)		53,804
	574,375	*	Sirius XM Radio, Inc		927,616
	1,638	*	SuperMedia, Inc		11,646
	55,149		Thomson Corp		2,206,511
	52,944		Time Warner Cable, Inc		3,591,192
	171,866		Time Warner, Inc		5,405,185
	7,914	*	Valassis Communications, Inc		240,111
	91,040		Viacom, Inc (Class B)		3,782,712
	48,838		Virgin Media, Inc		1,228,764
	295,032		Walt Disney Co		11,467,893
	7,228	*	Warner Music Group Corp		37,802
	821		Washington Post Co (Class B)		351,675
	731	*	Westwood One, Inc		5,819
	3,050		World Wrestling Entertainment, Inc (Class A)		36,753
			TOTAL MEDIA		67,228,124
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.6%
	232,718		Abbott Laboratories		10,509,545
	6,703	*	Accelrys, Inc		55,099
	6,358	*	Acorda Therapeutics, Inc		139,558
	1,501	*	Acura Pharmaceuticals, Inc		4,458
	3,107	*	Affymax, Inc		20,693
	9,694	*	Affymetrix, Inc		47,016

126

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	52,256	*	Agilent Technologies, Inc	$	2,185,869
	7,885	*	Akorn, Inc		39,425
	2,680	*	Albany Molecular Research, Inc		13,373
	13,190	*	Alexion Pharmaceuticals, Inc		1,105,586
	5,440	*	Alexza Pharmaceuticals, Inc		7,725
	12,849	*	Alkermes, Inc		165,881
	45,412		Allergan, Inc		3,206,541
	9,992	*	Allos Therapeutics, Inc		33,573
	5,105	*	Alnylam Pharmaceuticals, Inc		52,709
	3,103	*	AMAG Pharmaceuticals, Inc		55,233
	144,138	*	Amgen, Inc		7,939,120
	21,145	*	Amylin Pharmaceuticals, Inc		342,126
	2,604	*	Ardea Biosciences, Inc		69,058
	17,616	*	Arena Pharmaceuticals, Inc		27,833
	18,075	*	Ariad Pharmaceuticals, Inc		115,228
	5,408	*	Arqule, Inc		33,151
	9,408	*	Array Biopharma, Inc		27,283
	6,343	*	Auxilium Pharmaceuticals, Inc		143,923
	12,311	*	AVANIR Pharmaceuticals, Inc		49,860
	1,239	*	AVEO Pharmaceuticals, Inc		17,755
	20,795	*	AVI BioPharma, Inc		45,021
	3,536	*	BioCryst Pharmaceuticals, Inc		14,568
	1,225	*	Biodel, Inc		2,720
	36,223	*	Biogen Idec, Inc		2,371,520
	15,270	*	BioMarin Pharmaceuticals, Inc		388,163
	1,957	*	BioMimetic Therapeutics, Inc		25,382
	2,873	*	Bio-Rad Laboratories, Inc (Class A)		312,812
	9,326	*	Biosante Pharmaceuticals, Inc		17,346
	489	*	Biospecifics Technologies Corp		11,350
	3,128	*	Biotime, Inc		24,492
	4,326	*	BMP Sunstone Corp		43,000
	259,162		Bristol-Myers Squibb Co		6,525,699
	10,212	*	Bruker BioSciences Corp		178,710
	4,339	*	Cadence Pharmaceuticals, Inc		33,692
	6,331	*	Caliper Life Sciences, Inc		40,772
	2,815	*	Cambrex Corp		12,836
	1,551	*	Caraco Pharmaceutical Laboratories Ltd		7,336
	11,994	*	Celera Corp		74,183
	69,581	*	Celgene Corp		3,585,508
	3,722	*	Celldex Therapeutics, Inc		13,771
	11,053	*	Cephalon, Inc		653,011
	8,213	*	Cepheid, Inc		195,141
	10,224	*	Charles River Laboratories International, Inc		392,090
	5,590	*	Chelsea Therapeutics International, Inc		33,316
	3,193	*	China Aoxing Pharmaceutical Co, Inc		6,865
	1,296	*	Clinical Data, Inc		38,543
	1,651	*	Codexis, Inc		14,909
	9,440	*	Combinatorx, Inc		18,597
	1,260	*	Compound partnering business		21,042
	3,540	*	Corcept Therapeutics, Inc		14,337
	2,479	*	Cornerstone Therapeutics, Inc		14,428
	9,545	*	Covance, Inc		538,147

127

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,343	*	Cubist Pharmaceuticals, Inc	$	204,985
	1,050	*	Cumberland Pharmaceuticals, Inc		6,510
	18,447	*	Curis, Inc		51,098
	5,699	*	Cytokinetics, Inc		10,828
	6,818	*	Cytori Therapeutics, Inc		37,363
	14,806	*	Cytrx		11,904
	21,650	*	Dendreon Corp		758,616
	5,637	*	Depomed, Inc		47,238
	2,840	*	Dionex Corp		335,063
	11,171	*	Durect Corp		34,854
	14,065	*	Dyax Corp		26,724
	21,936	*	Dynavax Technologies Corp		65,808
	153,363		Eli Lilly & Co		5,332,432
	3,782	*	Emergent Biosolutions, Inc		80,330
	17,476	*	Endo Pharmaceuticals Holdings, Inc		580,553
	2,870	*	Enzo Biochem, Inc		14,235
	7,026	*	Enzon Pharmaceuticals, Inc		78,691
	6,832	*	eResearch Technology, Inc		43,930
	2,559	*	Eurand NV		30,580
	4,956	*	Exact Sciences Corp		27,952
	15,277	*	Exelixis, Inc		132,452
	43,078	*	Forest Laboratories, Inc		1,389,696
	2,412	*	Genomic Health, Inc		53,715
	39,810	*	Genzyme Corp		2,920,063
	20,885	*	Geron Corp		102,337
	125,709	*	Gilead Sciences, Inc		4,824,710
	10,189	*	Halozyme Therapeutics, Inc		67,961
	1,088	*	Hi-Tech Pharmacal Co, Inc		24,828
	25,076	*	Hospira, Inc		1,384,947
	28,165	*	Human Genome Sciences, Inc		683,283
	6,426	*	Idenix Pharmaceuticals, Inc		28,531
	17,922	*	Illumina, Inc		1,242,711
	10,362	*	Immunogen, Inc		85,590
	10,439	*	Immunomedics, Inc		34,136
	9,659	*	Impax Laboratories, Inc		224,282
	13,802	*	Incyte Corp		203,441
	2,412	*	Infinity Pharmaceuticals, Inc		13,652
	6,621	*	Inhibitex, Inc		15,063
	29,840	*	Inovio Biomedical Corp		37,897
	8,532	*	Inspire Pharmaceuticals, Inc		33,701
	8,857	*	InterMune, Inc		330,986
	2,700	*	Ironwood Pharmaceuticals, Inc		29,133
	12,827	*	Isis Pharmaceuticals, Inc		116,726
	2,196	*	Jazz Pharmaceuticals, Inc		49,103
	414,974		Johnson & Johnson		24,802,996
	1,891	*	Kendle International, Inc		21,482
	5,596	*	Keryx Biopharmaceuticals, Inc		22,384
	1,247	*	Lannett Co, Inc		6,522
	28,239	*	Lexicon Pharmaceuticals, Inc		47,724
	26,873	*	Life Technologies Corp		1,458,935
	2,584	*	Ligand Pharmaceuticals, Inc (Class B)		22,481
	5,337	*	Luminex Corp		90,622

128

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,088	*	MannKind Corp	$	38,580
	1,911	*	MAP Pharmaceuticals, Inc		29,382
	4,804	*	Martek Biosciences Corp		150,894
	4,306		Maxygen, Inc		17,095
	7,261	*	Medicines Co		113,852
	9,416		Medicis Pharmaceutical Corp (Class A)		239,449
	5,980	*	Medivation, Inc		84,198
	469,567		Merck & Co, Inc		15,575,537
	4,309	*	Metabolix, Inc		38,135
	5,341	*	Mettler-Toledo International, Inc		796,824
	11,330	*	Micromet, Inc		72,852
	7,537	*	Momenta Pharmaceuticals, Inc		96,398
	64,282	*	Mylan Laboratories, Inc		1,488,771
	13,599	*	Myriad Genetics, Inc		271,436
	6,350	*	Nabi Biopharmaceuticals		35,560
	1,874	*	Nanosphere, Inc		6,859
	12,906	*	Nektar Therapeutics		144,676
	3,540	*	Neostem, Inc		5,062
	11,081	*	Neuralstem, Inc		21,608
	6,864	*	Neurocrine Biosciences, Inc		50,656
	1,954	*	NeurogesX, Inc		10,298
	12,907	*	Novavax, Inc		27,879
	8,512	*	NPS Pharmaceuticals, Inc		85,163
	2,775	*	Nymox Pharmaceutical Corp		20,202
	2,140	*	Obagi Medical Products, Inc		22,727
	2,526	*	Omeros Corp		15,813
	10,068	*	Onyx Pharmaceuticals, Inc		355,249
	12,790	*	Opko Health, Inc		49,881
	4,421	*	Optimer Pharmaceuticals, Inc		48,631
	4,654	*	Orexigen Therapeutics, Inc		42,305
	2,607	*	Osiris Therapeutics, Inc		17,232
	2,200	*	Pacific Biosciences of California, Inc		34,760
	3,725		Pain Therapeutics, Inc		23,058
	5,241	*	Par Pharmaceutical Cos, Inc		187,209
	8,158	*	Parexel International Corp		189,347
	21,864		PDL BioPharma, Inc		108,008
	7,251	*	Peregrine Pharmaceuticals, Inc		17,040
	17,722		PerkinElmer, Inc		453,329
	11,888		Perrigo Co		864,733
	1,213,956		Pfizer, Inc		22,118,278
	16,880		Pharmaceutical Product Development, Inc		491,883
	5,233	*	Pharmacyclics, Inc		26,427
	3,929	*	Pharmasset, Inc		190,399
	4,323	*	Pozen, Inc		26,154
	4,070	*	Progenics Pharmaceuticals, Inc		22,731
	13,682	*	Pure Bioscience		27,501
	8,950	*	Questcor Pharmaceuticals, Inc		138,367
	10,138	*	Regeneron Pharmaceuticals, Inc		341,448
	7,568	*	Rigel Pharmaceuticals, Inc		50,895
	8,567	*	Salix Pharmaceuticals Ltd		350,990
	6,276	*	Sangamo Biosciences, Inc		48,074
	10,786	*	Santarus, Inc		35,216

129

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,873	*	Savient Pharmaceuticals, Inc	$	91,128
	12,662	*	Sciclone Pharmaceuticals, Inc		49,635
	12,303	*	Seattle Genetics, Inc		201,646
	17,519	*	Sequenom, Inc		120,005
	6,018	*	SIGA Technologies, Inc		69,057
	9,427	*	Somaxon Pharmaceuticals, Inc		28,470
	6,845	*	Spectrum Pharmaceuticals, Inc		41,070
	13,171	*	StemCells, Inc		12,231
	1,460	*	Sucampo Pharmaceuticals, Inc (Class A)		6,307
	7,892	*	SuperGen, Inc		23,755
	4,090	*	Synta Pharmaceuticals Corp		20,409
	7,537	*	Talecris Biotherapeutics Holdings Corp		184,657
	3,356	*	Targacept, Inc		86,451
	6,082		Techne Corp		419,354
	8,947	*	Theravance, Inc		188,245
	61,268	*	Thermo Electron Corp		3,508,819
	7,288	*	United Therapeutics Corp		495,438
	4,080	*	Vanda Pharmaceuticals, Inc		32,681
	30,713	*	Vertex Pharmaceuticals, Inc		1,194,429
	8,157	*	Vical, Inc		16,232
	12,502	*	Viropharma, Inc		205,033
	15,977	*	Vivus, Inc		142,994
	14,958		Warner Chilcott plc		358,842
	13,658	*	Waters Corp		1,043,335
	16,377	*	Watson Pharmaceuticals, Inc		892,874
	4,065	*	Xenoport, Inc		32,032
	7,039	*	ZIOPHARM Oncology, Inc		41,073
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		145,583,965
REAL ESTATE - 2.7%
	6,692		Acadia Realty Trust		123,668
	1,028		Agree Realty Corp		23,901
	367		Alexander’s, Inc		148,521
	8,415		Alexandria Real Estate Equities, Inc		648,292
	25,293		AMB Property Corp		848,580
	9,280		American Campus Communities, Inc		300,115
	13,748		American Capital Agency Corp		394,430
	93,505		Annaly Mortgage Management, Inc		1,667,194
	19,639		Anworth Mortgage Asset Corp		134,920
	16,779		Apartment Investment & Management Co (Class A)		428,871
	3,440		Apollo Commercial Real Estate Finance, Inc		56,519
	3,288	*	Ashford Hospitality Trust, Inc		32,058
	4,461		Associated Estates Realty Corp		66,067
	12,523		AvalonBay Communities, Inc		1,451,791
	976	*	Avatar Holdings, Inc		19,491
	20,127		BioMed Realty Trust, Inc		359,267
	20,968		Boston Properties, Inc		1,978,750
	20,917		Brandywine Realty Trust		242,637
	9,589		BRE Properties, Inc (Class A)		428,149
	9,902		Camden Property Trust		548,868
	4,500		Campus Crest Communities, Inc		59,400
	10,696		Capital Lease Funding, Inc		59,042

130

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	11,551		Capstead Mortgage Corp	$	146,813
	42,884	*	CB Richard Ellis Group, Inc (Class A)		951,595
	19,528		CBL & Associates Properties, Inc		333,148
	12,577		Cedar Shopping Centers, Inc		76,091
	1,238		Chatham Lodging Trust		20,477
	1,000		Chesapeake Lodging Trust		18,300
	148,846		Chimera Investment Corp		625,153
	5,956		Cogdell Spencer, Inc		36,034
	11,437		Colonial Properties Trust		219,476
	1,963		Colony Financial, Inc		39,653
	600		Consolidated-Tomoka Land Co		17,310
	2,900		Coresite Realty		41,673
	9,952		Corporate Office Properties Trust		363,746
	12,745		Cousins Properties, Inc		108,587
	1,800		CreXus Investment Corp		24,138
	8,707		Cypress Sharpridge Investments, Inc		113,626
	28,982		DCT Industrial Trust, Inc		160,560
	31,012		Developers Diversified Realty Corp		421,763
	24,950	*	DiamondRock Hospitality Co		302,644
	12,747		Digital Realty Trust, Inc		693,437
	17,207		Douglas Emmett, Inc		317,125
	36,166		Duke Realty Corp		495,474
	5,846		DuPont Fabros Technology, Inc		133,990
	1,438		Dynex Capital, Inc		15,358
	3,558		EastGroup Properties, Inc		155,093
	7,775		Education Realty Trust, Inc		60,645
	6,755		Entertainment Properties Trust		310,933
	3,850		Equity Lifestyle Properties, Inc		218,988
	5,151		Equity One, Inc		96,066
	42,275		Equity Residential		2,290,882
	4,430		Essex Property Trust, Inc		513,880
	2,145		Excel Trust, Inc		27,413
	13,752		Extra Space Storage, Inc		264,451
	9,009		Federal Realty Investment Trust		724,594
	14,814	*	FelCor Lodging Trust, Inc		104,142
	9,405	*	First Industrial Realty Trust, Inc		96,119
	5,389		First Potomac Realty Trust		86,763
	20,390	*	Forest City Enterprises, Inc (Class A)		344,795
	5,209	*	Forestar Real Estate Group, Inc		97,200
	10,751		Franklin Street Properties Corp		161,157
	60,643		General Growth Properties, Inc		898,123
	3,489		Getty Realty Corp		101,321
	1,129		Gladstone Commercial Corp		20,762
	13,755		Glimcher Realty Trust		121,182
	5,380		Government Properties Income Trust		139,342
	6,790		Hatteras Financial Corp		194,058
	55,333		HCP, Inc		2,052,301
	21,716		Health Care REIT, Inc		1,065,821
	9,360		Healthcare Realty Trust, Inc		196,560
	19,745		Hersha Hospitality Trust		130,120
	10,762		Highwoods Properties, Inc		352,671
	5,995		Home Properties, Inc		333,802

131

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	18,556		Hospitality Properties Trust	$	461,488
	98,540		Host Marriott Corp		1,823,975
	4,389	*	Howard Hughes Corp		220,679
	11,096		HRPT Properties Trust		295,930
	2,200		Hudson Pacific Properties		32,296
	9,631		Inland Real Estate Corp		89,376
	6,884		Invesco Mortgage Capital, Inc		153,995
	13,554		Investors Real Estate Trust		121,173
	13,773	*	iStar Financial, Inc		109,220
	6,315		Jones Lang LaSalle, Inc		559,762
	4,126	*	Kennedy-Wilson Holdings, Inc		43,529
	7,966		Kilroy Realty Corp		303,823
	61,011		Kimco Realty Corp		1,103,689
	7,775		Kite Realty Group Trust		41,052
	11,394		LaSalle Hotel Properties		316,411
	13,732		Lexington Corporate Properties Trust		116,310
	17,022		Liberty Property Trust		591,855
	4,632		LTC Properties, Inc		126,639
	19,533		Macerich Co		950,476
	11,921		Mack-Cali Realty Corp		417,473
	14,033	*	Maguire Properties, Inc		51,641
	16,061		Medical Properties Trust, Inc		176,350
	41,056		MFA Mortgage Investments, Inc		335,428
	4,645		Mid-America Apartment Communities, Inc		296,119
	3,502		Mission West Properties, Inc		24,024
	3,849		Monmouth Real Estate Investment Corp (Class A)		31,677
	4,153		National Health Investors, Inc		189,917
	13,446		National Retail Properties, Inc		334,133
	18,857		Nationwide Health Properties, Inc		708,080
	9,110	*	Newcastle Investment Corp		61,037
	16,400		NorthStar Realty Finance Corp		85,116
	5,692		NRDC Acquisition Corp		55,753
	13,979		Omega Healthcare Investors, Inc		311,452
	2,531		One Liberty Properties, Inc		40,952
	3,583		Parkway Properties, Inc		60,553
	6,714		Pebblebrook Hotel Trust		138,040
	10,824		Pennsylvania Real Estate Investment Trust		147,856
	2,086		Pennymac Mortgage Investment Trust		38,654
	7,421		Piedmont Office Realty Trust, Inc		146,787
	24,878		Plum Creek Timber Co, Inc		1,041,642
	6,873		Post Properties, Inc		254,507
	5,820		Potlatch Corp		216,213
	86,125		Prologis		1,284,985
	2,910		PS Business Parks, Inc		169,391
	21,039		Public Storage, Inc		2,292,830
	23,325		RAIT Investment Trust		59,012
	5,390		Ramco-Gershenson Properties		69,315
	11,779		Rayonier, Inc		697,435
	17,007		Realty Income Corp		594,565
	11,120		Redwood Trust, Inc		166,466
	12,302		Regency Centers Corp		530,339
	8,542		Resource Capital Corp		60,904

132

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,592		Sabra Healthcare REIT, Inc	$	66,847
	450		Saul Centers, Inc		21,308
	21,187		Senior Housing Properties Trust		475,013
	43,911		Simon Property Group, Inc		4,454,770
	11,726		SL Green Realty Corp		853,184
	4,316		Sovran Self Storage, Inc		165,907
	13,936	*	St. Joe Co		381,986
	12,860		Starwood Property Trust, Inc		289,479
	20,838	*	Strategic Hotels & Resorts, Inc		114,817
	2,553		Sun Communities, Inc		84,555
	17,471	*	Sunstone Hotel Investors, Inc		178,379
	11,970		Tanger Factory Outlet Centers, Inc		312,537
	8,210		Taubman Centers, Inc		429,794
	1,707	*	Tejon Ranch Co		44,928
	1,200	*	Terreno Realty Corp		21,396
	8,762	*	Thomas Properties Group, Inc		33,296
	5,892		Two Harbors Investment Corp		59,215
	27,343		UDR, Inc		642,014
	1,151		UMH Properties, Inc		12,005
	2,089		Universal Health Realty Income Trust		75,935
	2,803		Urstadt Biddle Properties, Inc (Class A)		54,406
	13,259		U-Store-It Trust		128,082
	23,039		Ventas, Inc		1,277,743
	23,711		Vornado Realty Trust		2,088,702
	4,947		Walter Investment Management Corp		89,541
	9,126		Washington Real Estate Investment Trust		279,986
	18,074		Weingarten Realty Investors		443,174
	80,433		Weyerhaeuser Co		1,864,437
	2,576		Winthrop Realty Trust		31,685
			TOTAL REAL ESTATE		60,381,331
RETAILING - 3.6%
	6,893	*	1-800-FLOWERS.COM, Inc (Class A)		18,887
	8,686	*	99 Cents Only Stores		129,421
	13,284		Abercrombie & Fitch Co (Class A)		669,646
	13,750		Advance Auto Parts, Inc		879,175
	14,275	*	Aeropostale, Inc		344,313
	52,779	*	Amazon.com, Inc		8,953,429
	28,385		American Eagle Outfitters, Inc		410,447
	1,425	*	America’s Car-Mart, Inc		35,540
	9,778	*	AnnTaylor Stores Corp		216,289
	3,853	*	Asbury Automotive Group, Inc		70,934
	2,726	*	Audiovox Corp (Class A)		19,573
	10,464	*	Autonation, Inc		300,421
	4,011	*	Autozone, Inc		1,016,909
	5,147		Barnes & Noble, Inc		81,065
	4,228		Bebe Stores, Inc		23,740
	39,506	*	Bed Bath & Beyond, Inc		1,896,288
	48,532		Best Buy Co, Inc		1,650,088
	2,960		Big 5 Sporting Goods Corp		37,533
	11,063	*	Big Lots, Inc		351,693
	1,854	*	Blue Nile, Inc		105,400

133

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,900	*	Body Central Corp	$	32,395
	1,538	*	Bon-Ton Stores, Inc/the		17,056
	9,908	*	Borders Group, Inc		7,233
	6,047		Brown Shoe Co, Inc		76,615
	4,504		Buckle, Inc		161,018
	4,942	*	Build-A-Bear Workshop, Inc		37,856
	5,206	*	Cabela’s, Inc		129,629
	32,802	*	Carmax, Inc		1,070,985
	3,075	*	Casual Male Retail Group, Inc		12,915
	5,174		Cato Corp (Class A)		126,453
	13,728	*	Charming Shoppes, Inc		42,694
	27,935		Chico’s FAS, Inc		305,050
	4,220	*	Children’s Place Retail Stores, Inc		176,776
	4,288		Christopher & Banks Corp		24,484
	1,998	*	Citi Trends, Inc		45,754
	4,594	*	Coldwater Creek, Inc		13,369
	10,773	*	Collective Brands, Inc		219,338
	2,804	*	Conn’s, Inc		12,394
	1,340	*	Core-Mark Holding Co, Inc		45,346
	637	*	Destination Maternity Corp		25,818
	13,126	*	Dick’s Sporting Goods, Inc		473,717
	6,466		Dillard’s, Inc (Class A)		256,830
	10,508	*	Dollar General Corp		292,227
	19,487	*	Dollar Tree, Inc		985,652
	6,384	*	Drugstore.Com		11,268
	2,709	*	DSW, Inc (Class A)		90,183
	30,053		Expedia, Inc		756,133
	2,217		Express Parent LLC		38,576
	19,731		Family Dollar Stores, Inc		838,173
	7,137		Finish Line, Inc (Class A)		109,838
	22,841		Foot Locker, Inc		407,940
	5,586		Fred’s, Inc (Class A)		75,020
	1,564		Gaiam, Inc (Class A)		11,933
	23,007	*	GameStop Corp (Class A)		484,757
	62,008		Gap, Inc		1,194,894
	3,636	*	Genesco, Inc		135,005
	24,034		Genuine Parts Co		1,243,759
	3,411		Group 1 Automotive, Inc		129,072
	9,665		Guess ?, Inc		413,469
	2,061		Haverty Furniture Cos, Inc		24,814
	1,832	*	hhgregg, Inc		33,581
	5,177	*	Hibbett Sports, Inc		165,768
	254,043		Home Depot, Inc		9,341,161
	7,426		Hot Topic, Inc		40,323
	5,421	*	HSN, Inc		152,655
	8,217	*	J Crew Group, Inc		356,782
	35,593		JC Penney Co, Inc		1,141,468
	4,120	*	Jo-Ann Stores, Inc		248,560
	4,071	*	JOS A Bank Clothiers, Inc		173,954
	1,939	*	Kirkland’s, Inc		25,682
	46,139	*	Kohl’s Corp		2,342,938
	88,007	*	Liberty Media Holding Corp (Interactive A)		1,394,031

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	39,081		Limited Brands, Inc	$	1,142,728
	3,205		Lithia Motors, Inc (Class A)		43,268
	22,580	*	LKQ Corp		545,532
	216,637		Lowe’s Cos, Inc		5,372,598
	4,099	*	Lumber Liquidators, Inc		114,526
	63,311		Macy’s, Inc		1,465,650
	1,495	*	MarineMax, Inc		13,515
	7,771		Men’s Wearhouse, Inc		203,678
	1,859	*	Midas, Inc		13,217
	4,809		Monro Muffler, Inc		159,082
	6,145	*	NetFlix, Inc		1,315,522
	4,007	*	New York & Co, Inc		22,399
	24,386		Nordstrom, Inc		1,004,215
	4,512		Nutri/System, Inc		85,548
	43,698	*	Office Depot, Inc		229,415
	13,424	*	OfficeMax, Inc		215,724
	5,014	*	Orbitz Worldwide, Inc		25,722
	21,009	*	O’Reilly Automotive, Inc		1,193,941
	2,214	*	Overstock.com, Inc		33,033
	7,234	*	Pacific Sunwear Of California, Inc		30,817
	5,394	*	Penske Auto Group, Inc		91,159
	6,689		PEP Boys - Manny Moe & Jack		93,245
	3,459		PetMed Express, Inc		52,196
	18,365		Petsmart, Inc		739,008
	15,199	*	Pier 1 Imports, Inc		142,415
	7,104	*	Priceline.com, Inc		3,044,206
	16,808		RadioShack Corp		254,641
	9,641		Rent-A-Center, Inc		286,723
	2,652	*	Retail Ventures, Inc		39,992
	17,992		Ross Stores, Inc		1,173,078
	3,224	*	Rue21, Inc		95,108
	21,636	*	Saks, Inc		253,574
	13,325	*	Sally Beauty Holdings, Inc		175,357
	6,820	*	Sears Holdings Corp		514,023
	7,695	*	Select Comfort Corp		78,181
	1,157	*	Shoe Carnival, Inc		28,636
	3,783	*	Shutterfly, Inc		125,936
	12,938	*	Signet Jewelers Ltd		549,606
	7,761		Sonic Automotive, Inc (Class A)		96,624
	4,767		Stage Stores, Inc		73,889
	108,991		Staples, Inc		2,431,589
	7,214		Stein Mart, Inc		56,522
	1,318		Systemax, Inc		18,004
	12,239	*	Talbots, Inc		66,825
	109,414		Target Corp		5,999,171
	18,470		Tiffany & Co		1,073,661
	60,721		TJX Companies, Inc		2,877,568
	10,702		Tractor Supply Co		549,120
	4,620	*	Tuesday Morning Corp		22,869
	5,422	*	Ulta Salon Cosmetics & Fragrance, Inc		200,831
	18,567	*	Urban Outfitters, Inc		627,936
	1,757	*	US Auto Parts Network, Inc		14,583

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,490	*,m	Vitacost.com, Inc	$	8,493
	4,244	*	Vitamin Shoppe, Inc		134,662
	1,913	*	West Marine, Inc		24,467
	15,462	*	Wet Seal, Inc (Class A)		52,880
	14,492		Williams-Sonoma, Inc		466,642
	356		Winmark Corp		12,043
	3,026	*	Zumiez, Inc		70,264
			TOTAL RETAILING		79,029,989
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.9%
	7,481	*	Advanced Analogic Technologies, Inc		29,774
	5,194	*	Advanced Energy Industries, Inc		80,221
	91,006	*	Advanced Micro Devices, Inc		712,577
	707	*	Alpha & Omega Semiconductor Lt		9,997
	45,223		Altera Corp		1,699,028
	14,838	*	Amkor Technology, Inc		120,781
	7,823	*	Anadigics, Inc		53,431
	44,688		Analog Devices, Inc		1,735,235
	201,296		Applied Materials, Inc		3,158,334
	9,356	*	Applied Micro Circuits Corp		92,063
	10,697	*	Atheros Communications, Inc		476,979
	69,264	*	Atmel Corp		937,835
	4,593	*	ATMI, Inc		94,616
	15,632		Avago Technologies Ltd		448,795
	14,057	*	Axcelis Technologies, Inc		48,778
	3,652	*	AXT, Inc		39,551
	74,135		Broadcom Corp (Class A)		3,342,747
	9,255	*	Brooks Automation, Inc		108,654
	3,495	*	Cabot Microelectronics Corp		157,659
	6,427	*	Cavium Networks, Inc		254,124
	2,455	*	Ceva, Inc		59,337
	10,068	*	Cirrus Logic, Inc		211,730
	3,262		Cohu, Inc		48,734
	4,986	*	Conexant Systems, Inc		10,421
	16,229	*	Cree, Inc		819,402
	4,443	*	Cymer, Inc		215,885
	23,784	*	Cypress Semiconductor Corp		514,924
	4,658	*	Diodes, Inc		119,897
	3,224	*	DSP Group, Inc		24,148
	4,467	*	Energy Conversion Devices, Inc		18,225
	24,512	*	Entegris, Inc		187,517
	9,052	*	Entropic Communications, Inc		99,300
	4,854	*	Evergreen Solar, Inc		10,922
	6,660	*	Exar Corp		42,757
	17,018	*	Fairchild Semiconductor International, Inc		302,920
	5,343	*	FEI Co		145,597
	8,391	*	First Solar, Inc		1,297,081
	7,025	*	Formfactor, Inc		60,064
	2,886	*	FSI International, Inc		12,063
	2,225	*	GSI Technology, Inc		20,470
	8,891	*	GT Solar International, Inc		98,201
	4,434	*	Hittite Microwave Corp		265,065

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	25,220	*	Ikanos Communications, Inc	$	30,264
	1,900	*	Inphi Corp		35,967
	22,756	*	Integrated Device Technology, Inc		145,183
	6,037	*	Integrated Silicon Solution, Inc		62,906
	837,820		Intel Corp		17,979,618
	10,388	*	International Rectifier Corp		332,728
	17,701		Intersil Corp (Class A)		267,639
	3,943	*	IXYS Corp		44,674
	24,958		Kla-Tencor Corp		1,100,149
	8,389	*	Kopin Corp		34,059
	13,988	*	Kulicke & Soffa Industries, Inc		136,383
	19,074	*	Lam Research Corp		951,602
	22,414	*	Lattice Semiconductor Corp		139,639
	32,915		Linear Technology Corp		1,145,113
	98,313	*	LSI Logic Corp		608,557
	6,396	*	LTX-Credence Corp		56,701
	81,194	*	Marvell Technology Group Ltd		1,543,498
	4,618	*	Mattson Technology, Inc		10,575
	44,487		Maxim Integrated Products, Inc		1,148,654
	1,022	*	MaxLinear, Inc		11,406
	34,153	*	MEMC Electronic Materials, Inc		378,757
	6,546		Micrel, Inc		87,651
	27,086		Microchip Technology, Inc		987,826
	128,813	*	Micron Technology, Inc		1,357,689
	11,762	*	Microsemi Corp		264,527
	3,063	*	Mindspeed Technologies, Inc		21,502
	7,500	*	MIPS Technologies, Inc		93,150
	7,350	*	MKS Instruments, Inc		211,019
	4,815	*	Monolithic Power Systems, Inc		70,636
	3,715	*	MoSys, Inc		21,547
	2,519	*	Nanometrics, Inc		43,125
	36,717		National Semiconductor Corp		556,630
	9,808	*	Netlogic Microsystems, Inc		341,907
	14,190	*	Novellus Systems, Inc		511,833
	527	*	NVE Corp		30,608
	85,418	*	Nvidia Corp		2,043,199
	8,351	*	Omnivision Technologies, Inc		215,706
	64,615	*	ON Semiconductor Corp		713,996
	3,154	*	PDF Solutions, Inc		18,262
	3,376	*	Pericom Semiconductor Corp		33,861
	9,190	*	Photronics, Inc		60,562
	4,641	*	PLX Technology, Inc		14,921
	34,482	*	PMC - Sierra, Inc		269,649
	3,642		Power Integrations, Inc		134,499
	16,257	*	Rambus, Inc		333,106
	42,968	*	RF Micro Devices, Inc		288,745
	2,775	*	Rubicon Technology, Inc		49,978
	4,895	*	Rudolph Technologies, Inc		49,244
	10,073	*	Semtech Corp		219,944
	4,033	*	Sigma Designs, Inc		56,180
	11,272	*	Silicon Image, Inc		77,326
	6,796	*	Silicon Laboratories, Inc		302,286

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,591	*	Skyworks Solutions, Inc	$	844,796
	1,826	*	Spansion, Inc		36,301
	3,504	*	Standard Microsystems Corp		84,271
	15,768	*	Sunpower Corp (Class A)		211,922
	2,158	*	Supertex, Inc		49,440
	27,146	*	Teradyne, Inc		452,795
	6,982	*	Tessera Technologies, Inc		120,928
	184,664		Texas Instruments, Inc		6,261,957
	15,493	*	Trident Microsystems, Inc		23,085
	21,846	*	Triquint Semiconductor, Inc		287,493
	3,140	*	Ultra Clean Holdings		39,250
	3,339	*	Ultratech, Inc		75,244
	11,537	*	Varian Semiconductor Equipment Associates, Inc		512,820
	5,805	*	Veeco Instruments, Inc		251,124
	3,529	*	Volterra Semiconductor Corp		87,696
	39,122		Xilinx, Inc		1,259,728
	7,072	*	Zoran Corp		67,113
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		64,496,988
SOFTWARE & SERVICES - 8.7%
	91,287		Accenture plc		4,698,542
	5,144	*	ACI Worldwide, Inc		136,265
	76,179		Activision Blizzard, Inc		860,061
	5,557	*	Actuate Corp		30,841
	9,361	*	Acxiom Corp		161,290
	78,617	*	Adobe Systems, Inc		2,598,291
	5,376	*	Advent Software, Inc		158,915
	26,909	*	Akamai Technologies, Inc		1,300,243
	8,023	*	Alliance Data Systems Corp		567,547
	30,362	*	Amdocs Ltd		884,749
	2,477		American Software, Inc (Class A)		16,398
	2,627	*	Ancestry.com, Inc		93,521
	13,345	*	Ansys, Inc		699,945
	16,045	*	AOL, Inc		377,378
	13,654	*	Ariba, Inc		383,541
	8,648	*	Aspen Technology, Inc		122,369
	33,698	*	Autodesk, Inc		1,370,835
	76,049		Automatic Data Processing, Inc		3,642,747
	6,620		Blackbaud, Inc		174,040
	5,674	*	Blackboard, Inc		220,492
	26,685	*	BMC Software, Inc		1,272,875
	2,000	*	Booz Allen Hamilton Holding Co		37,320
	3,413	*	Bottomline Technologies, Inc		78,260
	18,625		Broadridge Financial Solutions, Inc		426,326
	1,100	*	BroadSoft, Inc		30,481
	57,238		CA, Inc		1,362,264
	4,207	*	CACI International, Inc (Class A)		233,446
	40,642	*	Cadence Design Systems, Inc		352,773
	3,823	*	Cardtronics, Inc		65,335
	1,337		Cass Information Systems, Inc		48,466
	4,748	*,b	CDC Corp		15,099
	9,513	*	Ciber, Inc		43,379

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,013	*	Citrix Systems, Inc	$	1,769,861
	44,645	*	Cognizant Technology Solutions Corp (Class A)		3,256,853
	6,588	*	Commvault Systems, Inc		203,503
	22,666		Computer Sciences Corp		1,207,871
	1,871	*	Computer Task Group, Inc		22,134
	32,586	*	Compuware Corp		349,322
	3,014	*	comScore, Inc		72,215
	6,271	*	Concur Technologies, Inc		320,009
	4,013	*	Constant Contact, Inc		112,324
	13,928	*	Convergys Corp		198,335
	4,647	*	CSG Systems International, Inc		90,384
	5,673	*	DealerTrack Holdings, Inc		112,127
	3,070	*	Deltek, Inc		21,828
	2,284	*	DemandTec, Inc		27,522
	2,577	*	Dice Holdings, Inc		33,656
	6,238	*	Digital River, Inc		197,994
	995	*	DMRC Corp		29,860
	5,617		DST Systems, Inc		267,145
	17,903		Earthlink, Inc		152,713
	173,345	*	eBay, Inc		5,262,753
	4,856	*	Ebix, Inc		109,503
	1,440	*	Echo Global Logistics, Inc		16,733
	48,461	*	Electronic Arts, Inc		755,507
	6,395	*	Epicor Software Corp		66,252
	5,121		EPIQ Systems, Inc		65,805
	549	*	ePlus, Inc		14,186
	6,807	*	Equinix, Inc		601,875
	6,895	*	Euronet Worldwide, Inc		126,110
	2,211	*	ExlService Holdings, Inc		42,142
	7,177		Factset Research Systems, Inc		723,442
	6,772		Fair Isaac Corp		171,873
	4,355	*	FalconStor Software, Inc		15,787
	38,798		Fidelity National Information Services, Inc		1,180,623
	17,927		First American Corp		359,436
	23,099	*	Fiserv, Inc		1,426,825
	2,553		Forrester Research, Inc		90,989
	6,417	*	Fortinet, Inc		246,734
	11,356	*	Gartner, Inc		402,230
	10,616	*	Genpact Ltd		160,620
	13,960	*	Global Cash Access, Inc		42,578
	12,005		Global Payments, Inc		567,116
	36,663	*	Google, Inc (Class A)		22,010,998
	9,802	*	GSI Commerce, Inc		225,838
	1,816	*	Guidance Software, Inc		12,658
	4,601	*	Hackett Group, Inc		16,057
	5,152		Heartland Payment Systems, Inc		81,402
	12,564	*	IAC/InterActiveCorp		355,436
	3,252		iGate Corp		50,081
	13,515	*	Informatica Corp		627,096
	4,817	*	Infospace, Inc		39,403
	2,229	*	Integral Systems, Inc		27,172
	1,456	*	Interactive Intelligence, Inc		47,655

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,762	*	Internap Network Services Corp	$	56,585
	192,901		International Business Machines Corp		31,249,961
	5,158	*	Internet Capital Group, Inc		62,824
	42,253	*	Intuit, Inc		1,982,933
	7,508	*	j2 Global Communications, Inc		207,221
	12,579		Jack Henry & Associates, Inc		371,835
	5,849	*	JDA Software Group, Inc		176,523
	2,696	*	Kenexa Corp		55,915
	1,540		Keynote Systems, Inc		26,842
	2,812	*	KIT Digital, Inc		38,749
	4,073	*	Knot, Inc		45,129
	18,943	*	Lawson Software, Inc		178,064
	15,162		Lender Processing Services, Inc		481,242
	6,364	*	Limelight Networks, Inc		39,680
	7,899	*	Lionbridge Technologies		30,332
	1,637	*	Liquidity Services, Inc		23,360
	5,626	*	Liveperson, Inc		61,717
	8,113	*	Local.com Corp		32,939
	2,720	*	LogMeIn, Inc		104,802
	3,024	*	LoopNet, Inc		31,056
	7,394	*	Magma Design Automation, Inc		40,149
	3,884	*	Manhattan Associates, Inc		114,617
	3,758	*	Mantech International Corp (Class A)		151,090
	4,509		Marchex, Inc (Class B)		42,926
	14,710		Mastercard, Inc (Class A)		3,479,062
	2,581		MAXIMUS, Inc		175,121
	23,041	*	McAfee, Inc		1,103,664
	15,202	*	Mentor Graphics Corp		193,597
	11,838	*	Micros Systems, Inc		541,470
	1,152,037		Microsoft Corp		31,940,225
	1,561	*	MicroStrategy, Inc (Class A)		166,028
	6,065	*	ModusLink Global Solutions, Inc		37,178
	11,317	*	MoneyGram International, Inc		27,953
	3,036	*	Monotype Imaging Holdings, Inc		34,109
	18,368	*	Monster Worldwide, Inc		305,827
	1,930	*	Motricity, Inc		37,162
	22,753	*	Move, Inc		51,194
	775	*	NCI, Inc (Class A)		16,275
	3,833	*	Netscout Systems, Inc		87,852
	2,364	*	NetSuite, Inc		63,663
	11,075	*	NeuStar, Inc (Class A)		297,142
	10,287		NIC, Inc		105,236
	50,470	*	Novell, Inc		303,829
	34,189	*	Nuance Communications, Inc		695,062
	2,235	*	Online Resources Corp		15,019
	2,587	*	OpenTable, Inc		203,390
	11,289	*	Openwave Systems, Inc		22,917
	1,975		Opnet Technologies, Inc		56,465
	573,588		Oracle Corp		18,372,023
	17,873	*	Parametric Technology Corp		397,317
	48,752		Paychex, Inc		1,560,064
	2,226		Pegasystems, Inc		76,085

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,337	*	Perficient, Inc	$	39,010
	8,978	*	Progress Software Corp		257,116
	2,595	*	PROS Holdings, Inc		25,898
	651	*	QAD, Inc (Class A)		5,586
	162	*	QAD, Inc (Class B)		1,429
	2,000	*	QLIK Technologies, Inc		46,420
	9,655	*	Quest Software, Inc		249,292
	1,400	*	QuinStreet, Inc		31,514
	14,660	*	Rackspace Hosting, Inc		491,257
	5,332	*	Radiant Systems, Inc		97,309
	2,100	*	RealD, Inc		49,707
	11,328	*	RealNetworks, Inc		42,593
	2,100	*	RealPage, Inc		57,519
	28,985	*	Red Hat, Inc		1,197,660
	1,906		Renaissance Learning, Inc		20,223
	3,284	*	RightNow Technologies, Inc		85,154
	1,495	*	Rosetta Stone, Inc		28,121
	15,005	*	Rovi Corp		926,709
	7,004	*	S1 Corp		45,106
	3,078	*	Saba Software, Inc		20,038
	45,672	*	SAIC, Inc		756,785
	17,208	*	Salesforce.com, Inc		2,222,241
	14,552		Sapient Corp		173,896
	5,120	*	SAVVIS, Inc		157,542
	4,340	*	Smith Micro Software, Inc		54,771
	4,888	*	SolarWinds, Inc		92,383
	10,303		Solera Holdings, Inc		539,156
	5,419	*	Sonic Solutions, Inc		79,036
	3,857	*	Sourcefire, Inc		94,921
	6,183	*	SRA International, Inc (Class A)		164,962
	3,472	*	SRS Labs, Inc		35,171
	1,721	*	SS&C Technologies Holdings, Inc		31,098
	1,595		Stamps.com, Inc		20,288
	10,114	*	SuccessFactors, Inc		294,520
	12,281	*	SupportSoft, Inc		68,037
	119,749	*	Symantec Corp		2,108,780
	3,129	*	Synchronoss Technologies, Inc		89,051
	22,081	*	Synopsys, Inc		599,058
	2,326		Syntel, Inc		129,721
	1,600	*	TA Indigo Holding Corp		32,384
	9,994	*	Take-Two Interactive Software, Inc		124,675
	6,329	*	Taleo Corp (Class A)		186,452
	1,137	*	TechTarget, Inc		8,357
	11,663	*	TeleCommunication Systems, Inc (Class A)		47,702
	1,184	*	TeleNav, Inc		12,432
	5,072	*	TeleTech Holdings, Inc		108,592
	25,328	*	Teradata Corp		1,088,851
	7,384	*	Terremark Worldwide, Inc		139,853
	9,397	*	THQ, Inc		54,597
	24,983	*	TIBCO Software, Inc		549,126
	2,223	*	Tier Technologies, Inc		12,871
	15,714	*	TiVo, Inc		151,954

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,451	*	TNS, Inc	$	61,014
	24,199		Total System Services, Inc		421,305
	740	*	Travelzoo, Inc		34,780
	5,540	*	Tyler Technologies, Inc		114,955
	4,061	*	Ultimate Software Group, Inc		197,365
	6,062	*	Unisys Corp		171,736
	11,441		United Online, Inc		80,888
	11,980	*	Valueclick, Inc		167,840
	3,541	*	Vasco Data Security International		26,805
	13,002	*	VeriFone Holdings, Inc		519,300
	26,820		VeriSign, Inc		902,493
	6,383		VirnetX Holding Corp		80,426
	1,678	*	Virtusa Corp		27,016
	70,229		Visa, Inc (Class A)		4,905,496
	6,569	*	VistaPrint Ltd		332,654
	11,114	*	VMware, Inc (Class A)		950,469
	1,957	*	Vocus, Inc		50,745
	20,436	*	Wave Systems Corp		78,066
	8,761	*	WebMD Health Corp (Class A)		458,025
	6,273	*	Websense, Inc		120,191
	100,859		Western Union Co		2,045,421
	6,114	*	Wright Express Corp		289,314
	195,496	*	Yahoo!, Inc		3,151,396
	7,995	*	Zix Corp		35,978
			TOTAL SOFTWARE & SERVICES		191,994,627
TECHNOLOGY HARDWARE & EQUIPMENT - 6.7%
	6,440	*	Acme Packet, Inc		346,343
	9,558		Adtran, Inc		393,121
	3,098	*	Agilysys, Inc		17,752
	26,242		Amphenol Corp (Class A)		1,452,231
	2,123	*	Anaren, Inc		43,606
	4,367		Anixter International, Inc		276,300
	136,805	*	Apple, Inc		46,420,672
	17,558	*	Arris Group, Inc		219,124
	17,844	*	Arrow Electronics, Inc		674,503
	11,777	*	Aruba Networks, Inc		253,794
	4,281	*	Avid Technology, Inc		71,279
	22,295	*	Avnet, Inc		794,148
	7,237		AVX Corp		113,476
	1,273		Bel Fuse, Inc (Class B)		27,764
	9,039	*	Benchmark Electronics, Inc		171,651
	4,790	*	BigBand Networks, Inc		12,694
	3,290		Black Box Corp		115,775
	5,667	*	Blue Coat Systems, Inc		163,266
	5,985	*	Bookham, Inc		83,072
	9,874	*	Brightpoint, Inc		89,607
	66,788	*	Brocade Communications Systems, Inc		376,684
	1,112	*	Calix Networks, Inc		18,126
	5,790	*	Checkpoint Systems, Inc		119,679
	12,943	*	Ciena Corp		285,134
	859,912	*	Cisco Systems, Inc		18,187,140

142

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,421		Cognex Corp	$	169,894
	4,080	*	Coherent, Inc		218,484
	2,919	*	Compellent Technologies, Inc		80,944
	3,983		Comtech Telecommunications Corp		111,763
	3,835	*	Comverge, Inc		23,777
	234,189		Corning, Inc		5,201,337
	1,099	*	CPI International, Inc		21,321
	6,459	*	Cray, Inc		48,281
	4,143		CTS Corp		46,982
	4,257		Daktronics, Inc		65,004
	1,723		DDi Corp		19,410
	253,967	*	Dell, Inc		3,342,206
	3,712	*	DG FastChannel, Inc		101,746
	10,023		Diebold, Inc		307,305
	3,355	*	Digi International, Inc		35,529
	7,858	*	Dolby Laboratories, Inc (Class A)		469,123
	2,791	*	DTS, Inc		125,093
	4,401	*	Echelon Corp		40,049
	6,307	*	EchoStar Corp (Class A)		171,866
	1,975		Electro Rent Corp		29,151
	3,793	*	Electro Scientific Industries, Inc		63,229
	7,077	*	Electronics for Imaging, Inc		106,013
	310,449	*	EMC Corp		7,727,076
	2,562	*	EMS Technologies, Inc		46,961
	11,478	*	Emulex Corp		130,964
	10,622	*	Extreme Networks, Inc		34,840
	12,029	*	F5 Networks, Inc		1,303,703
	1,400	*	Fabrinet		33,530
	2,570	*	FARO Technologies, Inc		77,922
	11,973	*	Finisar Corp		398,701
	22,558	*	Flir Systems, Inc		700,200
	3,514	*	Gerber Scientific, Inc		26,812
	2,251	*	Globecomm Systems, Inc		21,294
	17,711	*	Harmonic, Inc		149,481
	19,091		Harris Corp		888,495
	8,357	*	Harris Stratex Networks, Inc (Class A)		43,373
	330,190		Hewlett-Packard Co		15,086,381
	10,730	*	Hutchinson Technology, Inc		35,516
	6,383	*	Hypercom Corp		57,064
	3,492	*	Imation Corp		35,269
	5,014	*	Immersion Corp		29,633
	14,537	*	Infinera Corp		106,629
	24,810	*	Ingram Micro, Inc (Class A)		489,749
	6,354	*	Insight Enterprises, Inc		88,448
	7,043		InterDigital, Inc		339,120
	8,054	*	Intermec, Inc		91,493
	3,187	*	Intevac, Inc		43,821
	4,429	*	IPG Photonics Corp		153,465
	6,060	*	Itron, Inc		351,601
	3,822	*	Ixia		60,120
	27,401		Jabil Circuit, Inc		553,774
	32,460	*	JDS Uniphase Corp		550,846

143

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	79,500	*	Juniper Networks, Inc	$	2,951,040
	1,929	*	KVH Industries, Inc		23,437
	10,366	*	L-1 Identity Solutions, Inc		123,666
	11,809	*	Lexmark International, Inc (Class A)		411,426
	2,964		Littelfuse, Inc		151,994
	1,474	*	Loral Space & Communications, Inc		109,769
	3,099	*	Maxwell Technologies, Inc		55,782
	2,568	*	Measurement Specialties, Inc		69,182
	3,210	*	Mercury Computer Systems, Inc		60,605
	769	*	Meru Networks, Inc		13,834
	4,466		Methode Electronics, Inc		52,788
	18,854	*	Microvision, Inc		35,634
	20,016		Molex, Inc		523,418
	43,694	*	Motorola Mobility Holdings, Inc		1,217,752
	49,970	*	Motorola, Inc		1,937,337
	2,968		MTS Systems Corp		111,048
	1,582	*	Multi-Fineline Electronix, Inc		45,720
	8,535		National Instruments Corp		361,116
	24,549	*	NCR Corp		402,604
	51,510	*	NetApp, Inc		2,819,142
	5,241	*	Netgear, Inc		181,627
	18,337	*	Network Engines, Inc		33,373
	3,837	*	Network Equipment Technologies, Inc		18,955
	4,543	*	Newport Corp		79,730
	3,784	*	Novatel Wireless, Inc		27,283
	1,843	*	Occam Networks, Inc		15,758
	2,897	*	Oplink Communications, Inc		71,788
	4,847	*	OpNext, Inc		9,015
	2,734	*	OSI Systems, Inc		103,865
	2,895		Park Electrochemical Corp		88,182
	1,332	*	PC Connection, Inc		11,788
	2,257	*	PC-Tel, Inc		16,363
	6,817		Plantronics, Inc		241,322
	5,520	*	Plexus Corp		149,261
	12,811	*	Polycom, Inc		561,762
	11,144	*	Power-One, Inc		119,241
	35,927	*	Powerwave Technologies, Inc		125,385
	4,034	*	Presstek, Inc		8,431
	17,003	*	QLogic Corp		302,823
	247,004		Qualcomm, Inc		13,370,327
	31,350	*	Quantum Corp		84,332
	3,724	*	Rackable Systems, Inc		36,942
	3,200	*	Radisys Corp		27,072
	2,127		Richardson Electronics Ltd		27,523
	2,264	*	Rimage Corp		32,217
	18,966	*	Riverbed Technology, Inc		680,310
	4,146	*	Rofin-Sinar Technologies, Inc		162,109
	2,746	*	Rogers Corp		117,474
	34,729	*	SanDisk Corp		1,575,655
	13,155	*	Sanmina-SCI Corp		197,720
	3,792	*	Scansource, Inc		137,308
	4,433	*	Seachange International, Inc		36,705

144

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	71,287	*	Seagate Technology, Inc	$	998,018
	5,245	*	ShoreTel, Inc		39,757
	11,262	*	Smart Modular Technologies WWH, Inc		76,131
	27,810	*	Sonus Networks, Inc		76,478
	1,646	*	Spectrum Control, Inc		21,826
	5,728	*	STEC, Inc		117,367
	2,840	*	Stratasys, Inc		93,805
	3,455	*	Super Micro Computer, Inc		48,629
	2,670		Sycamore Networks, Inc		55,696
	5,168	*	Symmetricom, Inc		32,093
	4,652	*	Synaptics, Inc		132,396
	3,139	*	SYNNEX Corp		104,811
	6,859	*	Tech Data Corp		321,756
	2,906		Technitrol, Inc		14,850
	9,552	*	Tekelec		109,609
	57,942		Tellabs, Inc		307,093
	714		Tessco Technologies, Inc		8,225
	17,883	*	Trimble Navigation Ltd		824,048
	12,109	*	TTM Technologies, Inc		192,533
	4,272	*	Universal Display Corp		144,564
	16,956	*	Utstarcom, Inc		35,608
	4,885	*	Viasat, Inc		211,985
	624	*	Viasystems Group, Inc		12,624
	24,353	*	Vishay Intertechnology, Inc		401,825
	1,739	*	Vishay Precision Group, Inc		32,258
	34,611	*	Western Digital Corp		1,177,466
	208,013		Xerox Corp		2,209,098
	3,470	*	X-Rite, Inc		15,476
	4,217	*	Xyratex Ltd		56,213
	9,043	*	Zebra Technologies Corp (Class A)		351,773
	1,695	*	Zygo Corp		18,442
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		149,553,122
TELECOMMUNICATION SERVICES - 2.6%
	3,578		AboveNet, Inc		213,106
	6,255		Alaska Communications Systems Group, Inc		57,546
	60,226	*	American Tower Corp (Class A)		3,063,095
	889,105		AT&T, Inc		24,468,171
	1,348		Atlantic Tele-Network, Inc		50,348
	3,823	*	Cbeyond Communications, Inc		56,007
	45,001		CenturyTel, Inc		1,945,843
	30,375	*	Cincinnati Bell, Inc		86,569
	22,597	*	Clearwire Corp (Class A)		119,538
	6,214	*	Cogent Communications Group, Inc		84,759
	4,743		Consolidated Communications Holdings, Inc		84,188
	43,644	*	Crown Castle International Corp		1,840,467
	11,902	*	FiberTower Corp		44,037
	148,976		Frontier Communications Corp		1,366,110
	6,672	*	General Communication, Inc (Class A)		80,798
	4,259	*	Global Crossing Ltd		56,772
	22,704	*	Globalstar, Inc		30,423
	1,234	*	Hughes Communications, Inc		75,299

145

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	13,517	*	ICO Global Communications Holdings Ltd (Class A)	$	18,789
	1,924		IDT Corp (Class B)		44,310
	4,769	*	Iridium Communications, Inc		36,626
	8,555	*	Leap Wireless International, Inc		119,599
	249,013	*	Level 3 Communications, Inc		306,286
	39,297	*	MetroPCS Communications, Inc		508,110
	4,748	*	Neutral Tandem, Inc		71,790
	25,151	*	NII Holdings, Inc (Class B)		1,055,839
	4,242		NTELOS Holdings Corp		85,519
	17,591	*	PAETEC Holding Corp		69,484
	8,219	*	Premiere Global Services, Inc		51,204
	260,303		Qwest Communications International, Inc		1,855,960
	17,214	*	SBA Communications Corp (Class A)		702,331
	3,024		Shenandoah Telecom Co		50,592
	441,318	*	Sprint Nextel Corp		1,994,757
	12,446		Telephone & Data Systems, Inc		444,945
	22,806	*	tw telecom inc (Class A)		391,123
	2,288	*	US Cellular Corp		111,517
	3,068		USA Mobility, Inc		52,401
	425,862		Verizon Communications, Inc		15,169,204
	14,519	*	Vonage Holdings Corp		47,622
	71,142		Windstream Corp		911,329
			TOTAL TELECOMMUNICATION SERVICES		57,822,413
TRANSPORTATION - 1.9%
	8,027	*	Air Transport Services Group, Inc		59,400
	24,682	*	Airtran Holdings, Inc		182,400
	5,703	*	Alaska Air Group, Inc		337,846
	6,234		Alexander & Baldwin, Inc		250,108
	2,773		Allegiant Travel Co		129,055
	1,268	*	Amerco, Inc		115,401
	48,679	*	AMR Corp		343,187
	3,476		Arkansas Best Corp		88,812
	3,809	*	Atlas Air Worldwide Holdings, Inc		193,535
	14,287	*	Avis Budget Group, Inc		197,732
	2,328		Baltic Trading Ltd		19,299
	1,020	*	Celadon Group, Inc		14,943
	24,964		CH Robinson Worldwide, Inc		1,924,475
	7,789		Con-way, Inc		264,982
	4,875		Copa Holdings S.A. (Class A)		274,219
	58,789		CSX Corp		4,150,503
	116,427	*	Delta Air Lines, Inc		1,358,703
	4,077	*	Dollar Thrifty Automotive Group, Inc		197,816
	2,064	*	Dynamex, Inc		51,373
	9,136	*	Eagle Bulk Shipping, Inc		37,366
	10,669	*	Excel Maritime Carriers Ltd		48,331
	31,363		Expeditors International Washington, Inc		1,589,163
	47,249		FedEx Corp		4,267,530
	3,615		Forward Air Corp		100,895
	5,317	*	Genco Shipping & Trading Ltd		61,465
	5,825	*	Genesee & Wyoming, Inc (Class A)		301,444
	7,832	*	Hawaiian Holdings, Inc		57,878

146

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,776		Heartland Express, Inc	$	140,635
	29,132	*	Hertz Global Holdings, Inc		428,532
	6,116		Horizon Lines, Inc (Class A)		30,274
	4,940	*	Hub Group, Inc (Class A)		171,813
	800		International Shipholding Corp		20,048
	13,709		J.B. Hunt Transport Services, Inc		562,069
	33,922	*	JetBlue Airways Corp		203,532
	15,988	*	Kansas City Southern Industries, Inc		799,080
	8,167	*	Kirby Corp		381,725
	9,756		Knight Transportation, Inc		185,949
	7,417		Landstar System, Inc		307,286
	2,800		Marten Transport Ltd		59,668
	55,240		Norfolk Southern Corp		3,380,136
	5,994	*	Old Dominion Freight Line		192,827
	5,364	*	Pacer International, Inc		33,525
	665	*	PAM Transportation Services, Inc		7,674
	713	*	Park-Ohio Holdings Corp		14,659
	522	*	Patriot Transportation Holding, Inc		14,757
	540	*	Pinnacle Airlines		3,893
	3,540	*	Quality Distribution, Inc		32,533
	3,074	*	RailAmerica, Inc		38,333
	7,931	*	Republic Airways Holdings, Inc		50,917
	1,466	*	Roadrunner Transportation Services Holdings, Inc		19,747
	8,208		Ryder System, Inc		394,641
	2,640	*	Saia, Inc		37,778
	9,635		Skywest, Inc		145,007
	112,334		Southwest Airlines Co		1,331,158
	46,734	*	UAL Corp		1,187,044
	3,322	*	Ultrapetrol Bahamas Ltd		17,441
	76,280		Union Pacific Corp		7,218,375
	107,598		United Parcel Service, Inc (Class B)		7,706,168
	1,485		Universal Truckload Services, Inc		22,127
	25,774	*	US Airways Group, Inc		255,678
	973	*	USA Truck, Inc		11,676
	16,221		UTI Worldwide, Inc		355,240
	7,066		Werner Enterprises, Inc		174,177
			TOTAL TRANSPORTATION		42,553,983
UTILITIES - 3.3%
	98,398	*	AES Corp		1,220,135
	12,452		AGL Resources, Inc		456,988
	25,503		Allegheny Energy, Inc		657,467
	5,045		Allete, Inc		186,211
	17,321		Alliant Energy Corp		643,648
	34,982		Ameren Corp		992,439
	2,828	*	American DG Energy, Inc		6,702
	71,894		American Electric Power Co, Inc		2,565,178
	2,633		American States Water Co		89,522
	26,243		American Water Works Co, Inc		669,196
	20,588		Aqua America, Inc		475,995
	832		Artesian Resources Corp		15,825
	13,712		Atmos Energy Corp		447,011

147

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,950		Avista Corp	$	202,718
	5,542		Black Hills Corp		171,857
	1,229	*	Cadiz, Inc		14,514
	3,373		California Water Service Group		123,115
	52,502	*	Calpine Corp		749,204
	61,712		Centerpoint Energy, Inc		996,649
	1,608		Central Vermont Public Service Corp		34,524
	2,833		CH Energy Group, Inc		137,712
	1,823		Chesapeake Utilities Corp		71,279
	10,137		Cleco Corp		316,883
	36,702		CMS Energy Corp		715,689
	1,994		Connecticut Water Service, Inc		48,793
	42,212		Consolidated Edison, Inc		2,106,801
	1,590		Consolidated Water Co, Inc		17,395
	27,052		Constellation Energy Group, Inc		872,427
	88,869		Dominion Resources, Inc		3,869,355
	18,957		DPL, Inc		496,294
	24,765		DTE Energy Co		1,145,629
	196,793		Duke Energy Corp		3,518,659
	13,754	*	Dynegy, Inc (Class A)		86,513
	47,884		Edison International		1,737,232
	6,273	*	El Paso Electric Co		169,057
	6,583		Empire District Electric Co		141,666
	10,581		Energen Corp		591,478
	28,332		Entergy Corp		2,044,720
	99,644		Exelon Corp		4,235,866
	46,102		FirstEnergy Corp		1,803,510
	20,373		Great Plains Energy, Inc		400,941
	14,353		Hawaiian Electric Industries, Inc		357,390
	7,591		Idacorp, Inc		283,676
	11,742		Integrys Energy Group, Inc		558,802
	7,953		ITC Holdings Corp		522,512
	3,910		Laclede Group, Inc		148,580
	28,278		MDU Resources Group, Inc		600,342
	3,971		MGE Energy, Inc		161,620
	1,627		Middlesex Water Co		28,928
	11,148		National Fuel Gas Co		761,854
	6,481		New Jersey Resources Corp		271,943
	61,941		NextEra Energy, Inc		3,311,366
	6,986		Nicor, Inc		352,583
	41,677		NiSource, Inc		776,026
	25,834		Northeast Utilities		850,455
	3,485		Northwest Natural Gas Co		155,292
	5,933		NorthWestern Corp		167,548
	37,467	*	NRG Energy, Inc		777,440
	16,553		NSTAR		718,069
	35,324		NV Energy, Inc		507,606
	14,303		OGE Energy Corp		656,365
	15,975		Oneok, Inc		940,769
	2,776		Ormat Technologies, Inc		85,390
	5,102		Otter Tail Corp		115,662
	32,770		Pepco Holdings, Inc		608,539

148

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	58,602		PG&E Corp	$	2,712,101
	11,178		Piedmont Natural Gas Co, Inc		313,655
	15,940		Pinnacle West Capital Corp		648,917
	12,278		PNM Resources, Inc		159,982
	11,941		Portland General Electric Co		266,762
	72,354		PPL Corp		1,866,010
	43,113		Progress Energy, Inc		1,936,636
	76,258		Public Service Enterprise Group, Inc		2,473,047
	25,709		Questar Corp		448,108
	115,629	*	RRI Energy, Inc		478,704
	16,613		SCANA Corp		702,232
	36,414		Sempra Energy		1,896,077
	1,735		SJW Corp		42,403
	4,052		South Jersey Industries, Inc		211,676
	124,491		Southern Co		4,683,351
	6,820		Southwest Gas Corp		253,977
	32,172		TECO Energy, Inc		592,287
	17,460		UGI Corp		547,371
	7,428		UIL Holdings Corp		224,251
	5,719		Unisource Energy Corp		204,797
	1,437		Unitil Corp		31,614
	12,509		Vectren Corp		331,363
	18,100		Westar Energy, Inc		461,550
	7,453		WGL Holdings, Inc		268,755
	17,850		Wisconsin Energy Corp		1,076,177
	67,613		Xcel Energy, Inc		1,593,638
	1,526		York Water Co		25,744
			TOTAL UTILITIES		73,416,739
			TOTAL COMMON STOCKS		2,205,260,156
			(Cost $1,863,521,134)
RIGHTS / WARRANTS - 0.0%
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	991		Celgene Corp		2,349
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		2,349
CONSUMER SERVICES - 0.0%
	111		Krispy Kreme Doughnuts, Inc - CW12		21
			TOTAL CONSUMER SERVICES		21
			TOTAL RIGHTS / WARRANTS		2,370
			(Cost $5,252)

149

TIAA-CREF FUNDS - Equity Index Fund

PRINCIPAL		ISSUER	MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.2%
GOVERNMENT AGENCY DEBT - 0.2%
	$4,905,000	Federal Home Loan Bank	02/01/11		4,905,000
					4,905,000

TOTAL SHORT-TERM INVESTMENTS	$	4,905,000
(Cost $4,905,000)
TOTAL INVESTMENTS - 99.8%		2,210,167,526
(Cost $1,868,431,386)
OTHER ASSETS & LIABILITIES, NET - 0.2%		4,281,828
NET ASSETS - 100.0%	$	2,214,449,354

	Abbreviation(s):
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts
*	Non-income producing.
b	In bankruptcy.
d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.
m	Indicates a security that has been deemed illiquid.

150

TIAA-CREF FUNDS - S&P 500 Index Fund

TIAA-CREF FUNDS
S&P 500 INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 0.8%
	374,206	*	Ford Motor Co	$	5,968,586
	24,837	*	Goodyear Tire & Rubber Co		295,064
	23,393		Harley-Davidson, Inc		927,532
	67,658		Johnson Controls, Inc		2,597,390
			TOTAL AUTOMOBILES & COMPONENTS		9,788,572
BANKS - 3.1%
	68,893		BB&T Corp		1,904,203
	17,802		Comerica, Inc		680,036
	91,740		Fifth Third Bancorp		1,364,174
	25,578	*	First Horizon National Corp		289,799
	53,262		Hudson City Bancorp, Inc		584,816
	85,742		Huntington Bancshares, Inc		620,772
	87,497		Keycorp		778,723
	12,158		M&T Bank Corp		1,051,302
	53,026		Marshall & Ilsley Corp		370,652
	38,637		People’s United Financial, Inc		498,804
	52,673		PNC Financial Services Group, Inc		3,160,380
	124,967		Regions Financial Corp		887,266
	49,660		SunTrust Banks, Inc		1,511,154
	192,146		US Bancorp		5,187,942
	525,655		Wells Fargo & Co		17,041,734
	17,679		Zions Bancorporation		416,871
			TOTAL BANKS		36,348,628
CAPITAL GOODS - 8.4%
	71,600		3M Co		6,295,072
	73,479		Boeing Co		5,105,321
	63,504		Caterpillar, Inc		6,160,524
	19,642		Cummins, Inc		2,079,695
	53,844		Danaher Corp		2,480,055
	42,380		Deere & Co		3,852,342
	18,550		Dover Corp		1,189,055
	16,714		Eaton Corp		1,804,443
	75,393		Emerson Electric Co		4,439,139
	14,636		Fastenal Co		849,766
	5,706		Flowserve Corp		713,193
	17,761		Fluor Corp		1,228,884
	37,844		General Dynamics Corp		2,853,438
	1,067,036		General Electric Co		21,490,105
	12,751		Goodrich Corp		1,155,496
	78,149		Honeywell International, Inc		4,377,125
	49,740		Illinois Tool Works, Inc		2,660,593
	32,182		Ingersoll-Rand plc		1,518,990

151

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	18,234		ITT Industries, Inc	$	1,074,347
	12,639	*	Jacobs Engineering Group, Inc		649,265
	11,242		L-3 Communications Holdings, Inc		879,687
	29,723		Lockheed Martin Corp		2,365,951
	35,111		Masco Corp		467,679
	28,994		Northrop Grumman Corp		2,009,284
	36,706		Paccar, Inc		2,073,522
	11,840		Pall Corp		656,054
	16,022		Parker Hannifin Corp		1,432,527
	14,162		Precision Castparts Corp		2,025,024
	21,409	*	Quanta Services, Inc		508,036
	36,802		Raytheon Co		1,839,732
	14,080		Rockwell Automation, Inc		1,140,621
	15,977		Rockwell Collins, Inc		1,024,765
	9,401		Roper Industries, Inc		730,364
	6,275		Snap-On, Inc		355,353
	27,558		Textron, Inc		724,500
	48,601		Tyco International Ltd		2,178,783
	92,486		United Technologies Corp		7,519,111
	5,762		W.W. Grainger, Inc		757,530
			TOTAL CAPITAL GOODS		100,665,371
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	10,816		Avery Dennison Corp		455,245
	12,551		Cintas Corp		352,181
	4,987		Dun & Bradstreet Corp		423,646
	12,253		Equifax, Inc		437,677
	19,820		Iron Mountain, Inc		483,410
	20,660		Pitney Bowes, Inc		501,625
	20,606		R.R. Donnelley & Sons Co		365,138
	30,535		Republic Services, Inc		941,699
	15,005		Robert Half International, Inc		470,557
	8,891	*	Stericycle, Inc		697,855
	47,245		Waste Management, Inc		1,789,169
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,918,202
CONSUMER DURABLES & APPAREL - 1.0%
	29,436		Coach, Inc		1,592,193
	28,486		DR Horton, Inc		352,942
	15,153		Fortune Brands, Inc		934,637
	7,324	*	Harman International Industries, Inc		317,276
	13,522		Hasbro, Inc		596,185
	14,546		Leggett & Platt, Inc		327,721
	15,731		Lennar Corp (Class A)		304,552
	35,726		Mattel, Inc		845,992
	28,839		Newell Rubbermaid, Inc		555,151
	38,298		Nike, Inc (Class B)		3,158,819
	6,566		Polo Ralph Lauren Corp (Class A)		703,744
	36,433	*	Pulte Homes, Inc		287,456
	16,482		Stanley Works		1,197,912
	8,621		VF Corp		713,129
	7,558		Whirlpool Corp		646,209
			TOTAL CONSUMER DURABLES & APPAREL		12,533,918

152

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.7%
	12,629	*	Apollo Group, Inc (Class A)	$	521,198
	43,367		Carnival Corp		1,938,939
	13,928		Darden Restaurants, Inc		656,148
	6,196		DeVry, Inc		322,874
	30,677		H&R Block, Inc		384,076
	29,632		International Game Technology		508,781
	28,583		Marriott International, Inc (Class A)		1,128,743
	105,816		McDonald’s Corp		7,795,465
	73,583		Starbucks Corp		2,320,072
	18,940		Starwood Hotels & Resorts Worldwide, Inc		1,116,892
	17,985		Wyndham Worldwide Corp		505,918
	7,513		Wynn Resorts Ltd		873,987
	46,529		Yum! Brands, Inc		2,175,696
			TOTAL CONSUMER SERVICES		20,248,789
DIVERSIFIED FINANCIALS - 8.0%
	104,902		American Express Co		4,550,648
	24,627		Ameriprise Financial, Inc		1,518,255
	1,006,892		Bank of America Corp		13,824,627
	124,259		Bank of New York Mellon Corp		3,880,609
	45,973		Capital One Financial Corp		2,214,060
	99,986		Charles Schwab Corp		1,804,747
	2,909,373	*	Citigroup, Inc		14,023,178
	6,753		CME Group, Inc		2,083,706
	54,088		Discover Financial Services		1,113,672
	19,519	*	E*Trade Financial Corp		323,235
	9,566		Federated Investors, Inc (Class B)		259,047
	14,759		Franklin Resources, Inc		1,780,673
	51,204		Goldman Sachs Group, Inc		8,377,998
	7,265	*	IntercontinentalExchange, Inc		875,360
	45,898		Invesco Ltd		1,135,517
	17,606		Janus Capital Group, Inc		227,293
	391,497		JPMorgan Chase & Co		17,593,875
	15,337		Legg Mason, Inc		508,115
	19,871		Leucadia National Corp		646,205
	20,559		Moody’s Corp		603,818
	151,542		Morgan Stanley		4,455,335
	15,144	*	Nasdaq Stock Market, Inc		370,725
	24,545		Northern Trust Corp		1,275,849
	25,924		NYSE Euronext		824,642
	48,638	*	SLM Corp		700,874
	44,000		SPDR Trust Series 1		5,661,480
	50,448		State Street Corp		2,356,931
	25,858		T Rowe Price Group, Inc		1,704,559
			TOTAL DIVERSIFIED FINANCIALS		94,695,033
ENERGY - 12.5%
	49,601		Anadarko Petroleum Corp		3,823,245
	38,166		Apache Corp		4,555,494

153

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	43,222		Baker Hughes, Inc	$	2,961,139
	10,331		Cabot Oil & Gas Corp		430,080
	24,097	*	Cameron International Corp		1,284,370
	65,940		Chesapeake Energy Corp		1,947,208
	201,540		Chevron Corp		19,132,192
	147,147		ConocoPhillips		10,515,125
	22,437		Consol Energy, Inc		1,115,119
	39,697	*	Denbury Resources, Inc		807,834
	43,265	*	Devon Energy Corp		3,837,173
	7,095		Diamond Offshore Drilling, Inc		508,782
	69,939		El Paso Corp		1,110,631
	25,522		EOG Resources, Inc		2,715,286
	14,675		Equitable Resources, Inc		707,188
	504,984	d	Exxon Mobil Corp		40,742,108
	11,957	*	FMC Technologies, Inc		1,123,958
	91,109		Halliburton Co		4,099,905
	11,000		Helmerich & Payne, Inc		646,030
	30,191		Hess Corp		2,539,667
	71,118		Marathon Oil Corp		3,250,093
	10,318		Massey Energy Co		648,589
	19,106		Murphy Oil Corp		1,266,728
	28,720	*	Nabors Industries Ltd		700,768
	42,039		National Oilwell Varco, Inc		3,106,682
	13,298	*	Newfield Exploration Co		973,015
	26,125		Noble Corp		999,281
	17,390		Noble Energy, Inc		1,584,229
	81,386		Occidental Petroleum Corp		7,868,398
	26,780		Peabody Energy Corp		1,698,388
	11,739		Pioneer Natural Resources Co		1,117,083
	17,438		Questar Market Resources, Inc		708,680
	16,011		Range Resources Corp		798,469
	12,677	*	Rowan Cos, Inc		434,568
	136,644		Schlumberger Ltd		12,159,950
	34,446	*	Southwestern Energy Co		1,360,617
	65,358		Spectra Energy Corp		1,714,340
	11,865		Sunoco, Inc		503,669
	13,670	*	Tesoro Corp		263,148
	56,241		Valero Energy Corp		1,426,272
	58,081		Williams Cos, Inc		1,567,606
			TOTAL ENERGY		148,753,107
FOOD & STAPLES RETAILING - 2.3%
	43,308		Costco Wholesale Corp		3,111,247
	136,106		CVS Corp		4,654,825
	64,547		Kroger Co		1,381,306
	37,043		Safeway, Inc		766,420
	22,120		Supervalu, Inc		161,255
	58,998		Sysco Corp		1,719,202
	92,736		Walgreen Co		3,750,244
	196,207		Wal-Mart Stores, Inc		11,001,326
	14,599		Whole Foods Market, Inc		754,914
			TOTAL FOOD & STAPLES RETAILING		27,300,739

154

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 5.5%
	209,127		Altria Group, Inc	$	4,916,576
	64,242		Archer Daniels Midland Co		2,098,786
	10,382		Brown-Forman Corp (Class B)		688,846
	19,692		Campbell Soup Co		672,285
	232,551		Coca-Cola Co		14,615,830
	33,662		Coca-Cola Enterprises, Inc		846,936
	43,673		ConAgra Foods, Inc		975,218
	17,710	*	Constellation Brands, Inc (Class A)		340,386
	17,594	*	Dean Foods Co		178,579
	22,554		Dr Pepper Snapple Group, Inc		799,088
	64,379		General Mills, Inc		2,239,102
	31,853		H.J. Heinz Co		1,513,018
	15,361		Hershey Co		717,205
	7,110		Hormel Foods Corp		351,234
	12,366		J.M. Smucker Co		768,671
	25,738		Kellogg Co		1,294,621
	174,962		Kraft Foods, Inc (Class A)		5,348,588
	15,259		Lorillard, Inc		1,148,087
	13,332		McCormick & Co, Inc		589,274
	20,314		Mead Johnson Nutrition Co		1,177,603
	15,710		Molson Coors Brewing Co (Class B)		736,328
	158,726		PepsiCo, Inc		10,207,669
	181,717		Philip Morris International, Inc		10,401,481
	33,583		Reynolds American, Inc		1,068,275
	63,500		Sara Lee Corp		1,077,595
	29,616		Tyson Foods, Inc (Class A)		487,183
			TOTAL FOOD, BEVERAGE & TOBACCO		65,258,464
HEALTH CARE EQUIPMENT & SERVICES - 3.7%
	39,743		Aetna, Inc		1,309,134
	27,643		AmerisourceBergen Corp		991,278
	9,225		Bard (C.R.), Inc		870,379
	58,379		Baxter International, Inc		2,830,798
	23,235		Becton Dickinson & Co		1,927,343
	150,737	*	Boston Scientific Corp		1,052,144
	34,661		Cardinal Health, Inc		1,438,778
	22,344	*	CareFusion Corp		574,911
	7,168	*	Cerner Corp		708,557
	26,916		Cigna Corp		1,131,010
	14,749	*	Coventry Health Care, Inc		442,028
	10,055	*	DaVita, Inc		742,562
	14,200		Dentsply International, Inc		503,816
	52,794	*	Express Scripts, Inc		2,973,886
	16,720	*	Humana, Inc		969,258
	3,902	*	Intuitive Surgical, Inc		1,259,995
	10,401	*	Laboratory Corp of America Holdings		935,154
	25,158		McKesson Corp		1,891,127
	42,138	*	Medco Health Solutions, Inc		2,571,261
	108,172		Medtronic, Inc		4,145,151
	9,617		Patterson Cos, Inc		317,938

155

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	14,047		Quest Diagnostics, Inc	$	799,977
	34,052	*	St. Jude Medical, Inc		1,379,106
	34,413		Stryker Corp		1,980,812
	50,894	*	Tenet Healthcare Corp		338,445
	110,178		UnitedHealth Group, Inc		4,522,807
	11,817	*	Varian Medical Systems, Inc		798,475
	39,483	*	WellPoint, Inc		2,452,684
	19,614	*	Zimmer Holdings, Inc		1,160,364
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		43,019,178
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	42,626		Avon Products, Inc		1,206,742
	14,251		Clorox Co		896,245
	48,352		Colgate-Palmolive Co		3,711,983
	11,282		Estee Lauder Cos (Class A)		908,201
	40,890		Kimberly-Clark Corp		2,646,810
	280,333		Procter & Gamble Co		17,697,422
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		27,067,403
INSURANCE - 3.8%
	34,199		ACE Ltd		2,106,316
	47,291		Aflac, Inc		2,723,016
	53,451		Allstate Corp		1,664,464
	14,676	*	American International Group, Inc		592,177
	32,765		AON Corp		1,498,671
	10,720		Assurant, Inc		420,546
	173,301	*	Berkshire Hathaway, Inc (Class B)		14,167,356
	30,783		Chubb Corp		1,783,259
	16,155		Cincinnati Financial Corp		517,606
	49,383	*	Genworth Financial, Inc (Class A)		670,127
	44,161		Hartford Financial Services Group, Inc		1,226,793
	31,475		Lincoln National Corp		907,739
	31,406		Loews Corp		1,257,810
	54,860		Marsh & McLennan Cos, Inc		1,529,497
	90,783		Metlife, Inc		4,155,137
	31,816		Principal Financial Group		1,042,610
	65,886		Progressive Corp		1,305,202
	48,623		Prudential Financial, Inc		2,990,801
	8,132		Torchmark Corp		506,624
	46,079		Travelers Cos, Inc		2,592,405
	32,596		UnumProvident Corp		812,944
	32,116		XL Capital Ltd		736,099
			TOTAL INSURANCE		45,207,199
MATERIALS - 3.6%
	21,275		Air Products & Chemicals, Inc		1,856,244
	7,456		Airgas, Inc		467,268
	11,535		AK Steel Holding Corp		183,407
	101,446		Alcoa, Inc		1,680,960
	9,797		Allegheny Technologies, Inc		638,666
	8,772		Ball Corp		623,953
	10,828		Bemis Co, Inc		352,451

156

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	7,224		CF Industries Holdings, Inc	$	975,529
	13,857		Cleveland-Cliffs, Inc		1,184,219
	116,129		Dow Chemical Co		4,120,256
	91,442		Du Pont (E.I.) de Nemours & Co		4,634,280
	7,167		Eastman Chemical Co		665,528
	23,053		Ecolab, Inc		1,145,504
	7,203		FMC Corp		547,860
	47,143		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,126,801
	8,439		International Flavors & Fragrances, Inc		481,445
	43,457		International Paper Co		1,255,038
	16,859		MeadWestvaco Corp		482,673
	53,731		Monsanto Co		3,942,781
	49,397		Newmont Mining Corp		2,720,293
	31,361		Nucor Corp		1,439,784
	16,254	*	Owens-Illinois, Inc		479,331
	16,189		PPG Industries, Inc		1,364,409
	30,720		Praxair, Inc		2,858,189
	15,857		Sealed Air Corp		423,223
	8,899		Sherwin-Williams Co		754,012
	12,120		Sigma-Aldrich Corp		771,438
	9,489	*	Titanium Metals Corp		178,868
	14,802		United States Steel Corp		853,631
	12,753		Vulcan Materials Co		542,768
			TOTAL MATERIALS		42,750,809
MEDIA - 3.1%
	23,845		Cablevision Systems Corp (Class A)		807,153
	67,633		CBS Corp (Class B)		1,341,162
	279,457		Comcast Corp (Class A)		6,357,648
	83,518	*	DIRECTV		3,540,328
	28,225	*	Discovery Communications, Inc (Class A)		1,100,775
	24,422		Gannett Co, Inc		359,980
	49,134	*	Interpublic Group of Cos, Inc		525,242
	30,487		McGraw-Hill Cos, Inc		1,188,383
	228,751		News Corp (Class A)		3,435,840
	29,921		Omnicom Group, Inc		1,342,854
	8,945		Scripps Networks Interactive (Class A)		415,943
	35,723		Time Warner Cable, Inc		2,423,091
	111,123		Time Warner, Inc		3,494,818
	60,726		Viacom, Inc (Class B)		2,523,165
	189,656		Walt Disney Co		7,371,930
	545		Washington Post Co (Class B)		233,451
			TOTAL MEDIA		36,461,763
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.9%
	154,826		Abbott Laboratories		6,991,942
	34,403	*	Agilent Technologies, Inc		1,439,077
	30,536		Allergan, Inc		2,156,147
	94,636	*	Amgen, Inc		5,212,550
	23,659	*	Biogen Idec, Inc		1,548,955
	171,456		Bristol-Myers Squibb Co		4,317,262
	46,722	*	Celgene Corp		2,407,585

157

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	7,575	*	Cephalon, Inc	$	447,531
	100,119		Eli Lilly & Co		3,481,138
	28,400	*	Forest Laboratories, Inc		916,184
	26,115	*	Genzyme Corp		1,915,535
	81,305	*	Gilead Sciences, Inc		3,120,486
	17,091	*	Hospira, Inc		943,936
	275,033		Johnson & Johnson		16,438,723
	18,540	*	Life Technologies Corp		1,006,537
	307,230		Merck & Co, Inc		10,190,819
	43,223	*	Mylan Laboratories, Inc		1,001,045
	11,343		PerkinElmer, Inc		290,154
	800,692		Pfizer, Inc		14,588,608
	39,469	*	Thermo Electron Corp		2,260,390
	9,070	*	Waters Corp		692,857
	11,791	*	Watson Pharmaceuticals, Inc		642,845
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		82,010,306
REAL ESTATE - 1.6%
	12,248		Apartment Investment & Management Co (Class A)		313,059
	8,471		AvalonBay Communities, Inc		982,043
	13,914		Boston Properties, Inc		1,313,064
	29,001	*	CB Richard Ellis Group, Inc (Class A)		643,532
	28,251		Equity Residential		1,530,922
	36,190		HCP, Inc		1,342,287
	15,019		Health Care REIT, Inc		737,133
	66,152		Host Marriott Corp		1,224,474
	40,332		Kimco Realty Corp		729,606
	16,274		Plum Creek Timber Co, Inc		681,392
	56,540		Prologis		843,577
	14,170		Public Storage, Inc		1,544,247
	29,343		Simon Property Group, Inc		2,976,846
	15,602		Ventas, Inc		865,287
	16,447		Vornado Realty Trust		1,448,816
	53,234		Weyerhaeuser Co		1,233,964
			TOTAL REAL ESTATE		18,410,249
RETAILING - 3.6%
	9,060		Abercrombie & Fitch Co (Class A)		456,715
	35,497	*	Amazon.com, Inc		6,021,711
	6,325	*	Autonation, Inc		181,591
	2,705	*	Autozone, Inc		685,799
	25,725	*	Bed Bath & Beyond, Inc		1,234,800
	32,805		Best Buy Co, Inc		1,115,370
	7,515	*	Big Lots, Inc		238,902
	22,332	*	Carmax, Inc		729,140
	19,975		Expedia, Inc		502,571
	12,605		Family Dollar Stores, Inc		535,460
	14,450	*	GameStop Corp (Class A)		304,462
	43,667		Gap, Inc		841,463
	16,171		Genuine Parts Co		836,849
	164,146		Home Depot, Inc		6,035,647
	23,502		JC Penney Co, Inc		753,709

158

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	29,208	*	Kohl’s Corp	$	1,483,182
	26,284		Limited Brands, Inc		768,544
	138,241		Lowe’s Cos, Inc		3,428,377
	42,079		Macy’s, Inc		974,129
	4,511	*	NetFlix, Inc		965,715
	16,728		Nordstrom, Inc		688,859
	14,001	*	O’Reilly Automotive, Inc		795,677
	4,975	*	Priceline.com, Inc		2,131,887
	12,066		RadioShack Corp		182,800
	11,961		Ross Stores, Inc		779,857
	4,381	*	Sears Holdings Corp		330,196
	73,010		Staples, Inc		1,628,853
	70,930		Target Corp		3,889,092
	12,654		Tiffany & Co		735,577
	39,906		TJX Companies, Inc		1,891,145
	13,455	*	Urban Outfitters, Inc		455,048
			TOTAL RETAILING		41,603,127
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.6%
	56,982	*	Advanced Micro Devices, Inc		446,169
	31,335		Altera Corp		1,177,256
	29,670		Analog Devices, Inc		1,152,086
	134,262		Applied Materials, Inc		2,106,571
	45,223		Broadcom Corp (Class A)		2,039,105
	5,495	*	First Solar, Inc		849,417
	558,643		Intel Corp		11,988,478
	16,835		Kla-Tencor Corp		742,087
	23,182		Linear Technology Corp		806,502
	63,114	*	LSI Logic Corp		390,676
	22,614	*	MEMC Electronic Materials, Inc		250,789
	18,552		Microchip Technology, Inc		676,591
	85,154	*	Micron Technology, Inc		897,523
	23,811		National Semiconductor Corp		360,975
	9,502	*	Novellus Systems, Inc		342,737
	57,714	*	Nvidia Corp		1,380,519
	18,441	*	Teradyne, Inc		307,596
	117,616		Texas Instruments, Inc		3,988,359
	25,741		Xilinx, Inc		828,860
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		30,732,296
SOFTWARE & SERVICES - 8.9%
	50,520	*	Adobe Systems, Inc		1,669,686
	18,169	*	Akamai Technologies, Inc		877,926
	22,581	*	Autodesk, Inc		918,595
	49,562		Automatic Data Processing, Inc		2,374,020
	17,642	*	BMC Software, Inc		841,523
	38,098		CA, Inc		906,732
	18,647	*	Citrix Systems, Inc		1,178,117
	30,530	*	Cognizant Technology Solutions Corp (Class A)		2,227,164
	15,342		Computer Sciences Corp		817,575
	20,979	*	Compuware Corp		224,895
	114,930	*	eBay, Inc		3,489,275

159

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	33,485	*	Electronic Arts, Inc	$	522,031
	26,700		Fidelity National Information Services, Inc		812,481
	14,764	*	Fiserv, Inc		911,972
	24,980	*	Google, Inc (Class A)		14,996,992
	124,419		International Business Machines Corp		20,155,877
	27,757	*	Intuit, Inc		1,302,636
	9,817		Mastercard, Inc (Class A)		2,321,819
	15,486	*	McAfee, Inc		741,779
	753,993		Microsoft Corp		20,904,457
	12,937	*	Monster Worldwide, Inc		215,401
	35,750	*	Novell, Inc		215,215
	387,672		Oracle Corp		12,417,135
	31,960		Paychex, Inc		1,022,720
	18,932	*	Red Hat, Inc		782,270
	29,163	*	SAIC, Inc		483,231
	11,745	*	Salesforce.com, Inc		1,516,749
	78,582	*	Symantec Corp		1,383,829
	16,635	*	Teradata Corp		715,139
	16,316		Total System Services, Inc		284,062
	17,575		VeriSign, Inc		591,399
	48,816		Visa, Inc (Class A)		3,409,797
	65,138		Western Union Co		1,320,999
	129,438	*	Yahoo!, Inc		2,086,541
			TOTAL SOFTWARE & SERVICES		104,640,039
TECHNOLOGY HARDWARE & EQUIPMENT - 7.4%
	17,337		Amphenol Corp (Class A)		959,430
	91,864	*	Apple, Inc		31,171,293
	555,116	*	Cisco Systems, Inc		11,740,702
	156,562		Corning, Inc		3,477,241
	168,753	*	Dell, Inc		2,220,789
	206,378	*	EMC Corp		5,136,748
	8,032	*	F5 Networks, Inc		870,508
	16,160	*	Flir Systems, Inc		501,606
	12,990		Harris Corp		604,555
	227,121		Hewlett-Packard Co		10,377,158
	19,489		Jabil Circuit, Inc		393,873
	22,544	*	JDS Uniphase Corp		382,572
	52,657	*	Juniper Networks, Inc		1,954,628
	7,835	*	Lexmark International, Inc (Class A)		272,971
	14,571		Molex, Inc		381,032
	29,174	*	Motorola Mobility Holdings, Inc		813,079
	33,341	*	Motorola, Inc		1,292,631
	35,890	*	NetApp, Inc		1,964,260
	162,022		Qualcomm, Inc		8,770,251
	23,896	*	SanDisk Corp		1,084,162
	38,322		Tellabs, Inc		203,107
	22,842	*	Western Digital Corp		777,085
	137,759		Xerox Corp		1,463,001
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		86,812,682

160

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 2.9%
	40,131	*	American Tower Corp (Class A)	$	2,041,063
	591,878		AT&T, Inc		16,288,483
	30,723		CenturyTel, Inc		1,328,463
	98,724		Frontier Communications Corp		905,299
	25,458	*	MetroPCS Communications, Inc		329,172
	173,119		Qwest Communications International, Inc		1,234,338
	296,723	*	Sprint Nextel Corp		1,341,188
	283,111		Verizon Communications, Inc		10,084,414
	48,026		Windstream Corp		615,213
			TOTAL TELECOMMUNICATION SERVICES		34,167,633
TRANSPORTATION - 1.9%
	16,882		CH Robinson Worldwide, Inc		1,301,433
	37,153		CSX Corp		2,623,002
	21,081		Expeditors International Washington, Inc		1,068,174
	31,522		FedEx Corp		2,847,067
	36,581		Norfolk Southern Corp		2,238,391
	5,160		Ryder System, Inc		248,093
	76,295		Southwest Airlines Co		904,096
	49,397		Union Pacific Corp		4,674,438
	99,050		United Parcel Service, Inc (Class B)		7,093,962
			TOTAL TRANSPORTATION		22,998,656
UTILITIES - 3.3%
	66,345	*	AES Corp		822,677
	16,881		Allegheny Energy, Inc		435,192
	23,818		Ameren Corp		675,717
	47,692		American Electric Power Co, Inc		1,701,651
	42,304		Centerpoint Energy, Inc		683,210
	24,306		CMS Energy Corp		473,967
	29,350		Consolidated Edison, Inc		1,464,859
	19,570		Constellation Energy Group, Inc		631,133
	58,234		Dominion Resources, Inc		2,535,507
	16,793		DTE Energy Co		776,844
	131,519		Duke Energy Corp		2,351,560
	32,356		Edison International		1,173,876
	18,370		Entergy Corp		1,325,763
	66,270		Exelon Corp		2,817,137
	30,284		FirstEnergy Corp		1,184,710
	8,305		Integrys Energy Group, Inc		395,235
	41,789		NextEra Energy, Inc		2,234,040
	4,199		Nicor, Inc		211,924
	28,454		NiSource, Inc		529,813
	18,080		Northeast Utilities		595,194
	24,181	*	NRG Energy, Inc		501,756
	10,700		Oneok, Inc		630,123
	23,699		Pepco Holdings, Inc		440,090
	39,529		PG&E Corp		1,829,402
	10,901		Pinnacle West Capital Corp		443,780
	47,999		PPL Corp		1,237,894
	29,687		Progress Energy, Inc		1,333,540
	50,239		Public Service Enterprise Group, Inc		1,629,251

161

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES		COMPANY	MATURITY DATE	VALUE
	11,881	SCANA Corp		$	502,210
	23,838	Sempra Energy			1,241,245
	84,017	Southern Co			3,160,719
	21,329	TECO Energy, Inc			392,667
	11,875	Wisconsin Energy Corp			715,944
	45,685	Xcel Energy, Inc			1,076,795
		TOTAL UTILITIES			38,155,425
		TOTAL COMMON STOCKS			1,176,547,588
		(Cost $1,141,582,096)

PRINCIPAL	ISSUER
SHORT-TERM INVESTMENTS - 0.9%
GOVERNMENT AGENCY DEBT - 0.9%
$10,220,000	Federal Home Loan Bank	02/01/11		10,220,000
	TOTAL SHORT-TERM INVESTMENTS			10,220,000
	(Cost $10,220,000)
	TOTAL INVESTMENTS - 100.4%			1,186,767,588
	(Cost $1,151,802,096)
	OTHER ASSETS & LIABILITIES, NET - (0.4)%			(5,168,958)
	NET ASSETS - 100.0%		$	1,181,598,630

	Abbreviation(s):
	REIT - Real Estate Investment Trust
	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 requirements on open futures contracts.

162

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS
SMALL-CAP BLEND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 1.0%
	43,266	*	American Axle & Manufacturing Holdings, Inc	$	618,704
	15,580	*	Amerigon, Inc (Class A)		169,666
	44,446		Cooper Tire & Rubber Co		1,016,036
	101,527	*	Dana Holding Corp		1,819,363
	8,186	*	Dorman Products, Inc		263,344
	13,572		Drew Industries, Inc		320,571
	54,817	*	Exide Technologies		526,791
	11,519	*	Fuel Systems Solutions, Inc		299,840
	33,614	*	Modine Manufacturing Co		554,631
	3,652		Shiloh Industries, Inc		47,184
	22,749		Spartan Motors, Inc		141,954
	14,354		Standard Motor Products, Inc		173,827
	11,268	*	Stoneridge, Inc		166,203
	16,541		Superior Industries International, Inc		330,820
	43,340	*	Tenneco, Inc		1,791,241
	4,600	*	Tower International, Inc		82,202
	20,738	*	Winnebago Industries, Inc		308,996
			TOTAL AUTOMOBILES & COMPONENTS		8,631,373
BANKS - 6.9%
	11,114		1st Source Corp		209,499
	16,455	*	1st United Bancorp, Inc		107,780
	14,755		Abington Bancorp, Inc		183,257
	3,650		Alliance Financial Corp		108,442
	4,246		American National Bankshares, Inc		87,340
	16,507		Ameris Bancorp		157,312
	5,674		Ames National Corp		102,416
	7,083		Arrow Financial Corp		160,642
	62,708		Astoria Financial Corp		892,962
	5,101		Bancfirst Corp		206,897
	19,658		Banco Latinoamericano de Exportaciones S.A. (Class E)		339,887
	2,923		Bancorp Rhode Island, Inc		88,158
	34,301		Bank Mutual Corp		151,953
	3,927		Bank of Marin Bancorp		136,424
	9,627		Bank of the Ozarks, Inc		415,213
	14,300		BankFinancial Corp		130,416
	25,169	*	Beneficial Mutual Bancorp, Inc		222,242
	10,057		Berkshire Hills Bancorp, Inc		213,611
	5,626	*	BofI Holding, Inc		85,009
	53,324		Boston Private Financial Holdings, Inc		357,804
	4,763		Bridge Bancorp, Inc		108,120
	43,054		Brookline Bancorp, Inc		466,275
	7,164		Bryn Mawr Bank Corp		128,809
	5,599		Camden National Corp		191,654

163

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,226		Capital City Bank Group, Inc	$	104,059
	19,947		Cardinal Financial Corp		219,417
	56,958		Cathay General Bancorp		985,943
	24,692	*	Center Financial		181,486
	17,641		Centerstate Banks of Florida, Inc		129,485
	2,420		Century Bancorp, Inc		65,195
	17,933		Chemical Financial Corp		372,289
	8,818		Citizens & Northern Corp		137,914
	274,103	*	Citizens Republic Bancorp, Inc		172,603
	11,613		City Holding Co		404,132
	6,948		Clifton Savings Bancorp, Inc		79,416
	8,706		CNB Financial Corp		121,100
	22,442		CoBiz, Inc		143,180
	28,508		Columbia Banking System, Inc		573,011
	24,099		Community Bank System, Inc		609,223
	10,164		Community Trust Bancorp, Inc		293,841
	65,180		CVB Financial Corp		539,690
	13,228		Danvers Bancorp, Inc		285,196
	19,217		Dime Community Bancshares		289,792
	19,648	*	Doral Financial Corp		24,364
	11,406	*	Eagle Bancorp, Inc		154,095
	5,579	*	Encore Bancshares, Inc		64,605
	11,247		Enterprise Financial Services Corp		145,986
	6,121		ESB Financial Corp		84,225
	10,674		ESSA Bancorp, Inc		134,813
	7,042		Federal Agricultural Mortgage Corp (Class C)		108,728
	7,992		Financial Institutions, Inc		154,485
	10,989		First Bancorp (NC)		165,165
	15,482	*	First Bancorp (Puerto Rico)		77,874
	6,044		First Bancorp, Inc		89,270
	44,996		First Busey Corp		221,380
	76,154		First Commonwealth Financial Corp		489,670
	10,971		First Community Bancshares, Inc		147,560
	42,012		First Financial Bancorp		710,003
	15,136		First Financial Bankshares, Inc		746,508
	7,959		First Financial Corp		250,947
	12,745		First Financial Holdings, Inc		132,038
	9,271		First Interstate Bancsystem, Inc		120,430
	18,658		First Merchants Corp		169,041
	53,605		First Midwest Bancorp, Inc		626,642
	4,860		First of Long Island Corp		137,878
	5,667		First South Bancorp, Inc		32,869
	78,266		FirstMerit Corp		1,433,832
	48,326	*	Flagstar Bancorp, Inc		76,355
	22,513		Flushing Financial Corp		320,810
	87,055		FNB Corp		879,256
	4,678	*	Fox Chase Bancorp, Inc		57,493
	8,236		German American Bancorp, Inc		141,000
	52,167		Glacier Bancorp, Inc		736,076
	7,020		Great Southern Bancorp, Inc		153,738
	10,856	*	Greene County Bancshares, Inc		34,196
	21,161		Hancock Holding Co		694,081

164

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	79,330	*	Hanmi Financial Corp	$	104,319
	9,101		Heartland Financial USA, Inc		153,898
	7,259	*	Heritage Financial Corp		103,441
	1,150	*	Heritage Financial Group		13,340
	5,281	*	Home Bancorp, Inc		72,878
	15,982		Home Bancshares, Inc		326,992
	11,392		Home Federal Bancorp, Inc		122,122
	9,511		Hudson Valley Holding Corp		213,522
	19,439		IBERIABANK Corp		1,102,580
	15,477		Independent Bank Corp		420,665
	38,501		International Bancshares Corp		730,364
	34,794	*	Investors Bancorp, Inc		463,456
	11,442		Kearny Financial Corp		106,639
	1,942		K-Fed Bancorp		23,187
	15,978		Lakeland Bancorp, Inc		153,707
	11,435		Lakeland Financial Corp		235,332
	14,736		MainSource Financial Group, Inc		133,877
	38,317		MB Financial, Inc		753,312
	3,763		Merchants Bancshares, Inc		103,370
	6,569	*	Meridian Interstate Bancorp, Inc		80,142
	145,238	*	MGIC Investment Corp		1,218,547
	5,877		Midsouth Bancorp, Inc		78,869
	4,398		MidWestOne Financial Group, Inc		61,880
	27,421	*	Nara Bancorp, Inc		267,629
	2,413		NASB Financial, Inc		36,219
	4,811		National Bankshares, Inc		138,557
	91,305		National Penn Bancshares, Inc		745,049
	25,015		NBT Bancorp, Inc		579,848
	77,111		NewAlliance Bancshares, Inc		1,152,809
	13,236		Northfield Bancorp, Inc		171,671
	80,587		Northwest Bancshares, Inc		944,077
	10,104		OceanFirst Financial Corp		139,940
	53,848	*	Ocwen Financial Corp		543,865
	67,846		Old National Bancorp		727,988
	8,890	*	OmniAmerican Bancorp, Inc		132,906
	33,248		Oriental Financial Group, Inc		392,991
	39,747		Oritani Financial Corp		476,567
	4,791		Orrstown Financial Services, Inc		126,626
	13,889		Pacific Continental Corp		140,973
	22,355		PacWest Bancorp		441,064
	9,093		Park National Corp		592,136
	6,174		Peapack Gladstone Financial Corp		84,090
	2,710		Penns Woods Bancorp, Inc		105,446
	10,274	*	Pennsylvania Commerce Bancorp, Inc		123,596
	7,887		Peoples Bancorp, Inc		107,184
	23,912	*	Pinnacle Financial Partners, Inc		329,029
	102,491	*	PMI Group, Inc		298,249
	1,968		Porter Bancorp, Inc		18,657
	37,761		PrivateBancorp, Inc		580,387
	33,847		Prosperity Bancshares, Inc		1,369,110
	43,526		Provident Financial Services, Inc		637,656
	28,049		Provident New York Bancorp		261,697

165

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	96,288		Radian Group, Inc	$	691,348
	18,161		Renasant Corp		283,130
	7,036		Republic Bancorp, Inc (Class A)		134,317
	5,851		Rockville Financial, Inc		86,712
	5,766		Roma Financial Corp		58,698
	18,194		S&T Bancorp, Inc		397,539
	8,630		S.Y. Bancorp, Inc		210,529
	17,211		Sandy Spring Bancorp, Inc		330,451
	9,099		SCBT Financial Corp		283,161
	7,949		Sierra Bancorp		85,770
	29,706	*	Signature Bank		1,551,840
	12,630		Simmons First National Corp (Class A)		350,988
	11,426		Southside Bancshares, Inc		244,745
	13,543		Southwest Bancorp, Inc		185,404
	12,574		State Bancorp, Inc		120,082
	16,290		StellarOne Corp		236,694
	18,612		Sterling Bancorp		182,211
	66,485		Sterling Bancshares, Inc		589,722
	6,970		Suffolk Bancorp		146,161
	93,976		Susquehanna Bancshares, Inc		898,411
	30,296	*	SVB Financial Group		1,589,630
	6,631	*	Taylor Capital Group, Inc		68,100
	8,932		Territorial Bancorp, Inc		172,298
	26,560	*	Texas Capital Bancshares, Inc		647,798
	15,623	*	The Bancorp, Inc		146,856
	5,740		Tompkins Trustco, Inc		233,905
	5,311		Tower Bancorp, Inc		120,188
	16,659		TowneBank		248,219
	9,685		Trico Bancshares		146,921
	54,906		Trustco Bank Corp NY		328,612
	46,429		Trustmark Corp		1,113,832
	23,050		UMB Financial Corp		936,983
	82,940		Umpqua Holdings Corp		909,852
	13,085		Union Bankshares Corp		159,899
	28,220		United Bankshares, Inc		795,804
	70,641	*	United Community Banks, Inc		120,090
	12,277		United Financial Bancorp, Inc		188,206
	11,823		Univest Corp of Pennsylvania		203,769
	9,878		ViewPoint Financial Group		125,204
	15,606	*	Virginia Commerce Bancorp		93,792
	10,627		Washington Banking Co		145,059
	10,389		Washington Trust Bancorp, Inc		207,780
	3,816	*	Waterstone Financial, Inc		10,303
	51,144		Webster Financial Corp		1,170,175
	16,948		WesBanco, Inc		319,470
	10,920		West Bancorporation, Inc		78,351
	68,185	*	West Coast Bancorp		221,601
	21,333		Westamerica Bancorporation		1,066,650
	47,483	*	Western Alliance Bancorp		356,123
	20,943		Westfield Financial, Inc		177,597
	69,916		Whitney Holding Corp		930,582
	14,519		Wilshire Bancorp, Inc		93,212

166

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,915		Wintrust Financial Corp	$	819,953
	4,244		WSFS Financial Corp		190,556
			TOTAL BANKS		60,122,245
CAPITAL GOODS - 9.4%
	13,332	*	3D Systems Corp		380,495
	26,373		A.O. Smith Corp		1,129,028
	52,760	*	A123 Systems, Inc		478,006
	8,936		Aaon, Inc		240,646
	28,289	*	AAR Corp		757,862
	18,761		Aceto Corp		161,532
	49,306		Actuant Corp (Class A)		1,367,255
	31,601		Acuity Brands, Inc		1,744,374
	46,861	*	Advanced Battery Technologies, Inc		174,792
	11,912	*	Aerovironment, Inc		335,918
	36,098		Aircastle Ltd		383,361
	4,849		Alamo Group, Inc		125,832
	19,548		Albany International Corp (Class A)		440,807
	19,449	*	Altra Holdings, Inc		406,679
	5,930	*	Ameresco, Inc		91,856
	6,790	*	American Railcar Industries, Inc		128,806
	6,584		American Science & Engineering, Inc		572,808
	36,694	*	American Superconductor Corp		1,000,645
	6,324		American Woodmark Corp		117,943
	6,707		Ameron International Corp		462,582
	5,930		Ampco-Pittsburgh Corp		147,716
	19,770		Apogee Enterprises, Inc		252,858
	53,824	*	Applied Energetics, Inc		32,962
	30,759		Applied Industrial Technologies, Inc		973,830
	6,427	*	Argan, Inc		59,578
	68,260	*	ArvinMeritor, Inc		1,492,164
	14,315	*	Astec Industries, Inc		430,882
	6,927	*	Astronics Corp		160,014
	8,813		AZZ, Inc		353,313
	11,038		Badger Meter, Inc		452,448
	35,585		Barnes Group, Inc		705,295
	33,159	*	Beacon Roofing Supply, Inc		602,167
	33,906		Belden CDT, Inc		1,178,573
	34,490	*	Blount International, Inc		517,695
	7,904	*	Bluelinx Holdings, Inc		28,692
	35,417		Brady Corp (Class A)		1,159,907
	36,289		Briggs & Stratton Corp		724,691
	68,381	*	Broadwind Energy, Inc		125,821
	36,758	*	Builders FirstSource, Inc		81,603
	6,921	*	CAI International, Inc		131,776
	175,538	*	Capstone Turbine Corp		200,113
	6,639		Cascade Corp		312,498
	18,434	*	Ceradyne, Inc		653,117
	20,799	*	Chart Industries, Inc		755,420
	12,424		CIRCOR International, Inc		501,805
	36,669		Clarcor, Inc		1,583,368
	7,051	*	Coleman Cable, Inc		47,242

167

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	17,777	*	Colfax Corp	$	331,363
	13,600	*	Columbus McKinnon Corp		229,432
	27,061		Comfort Systems USA, Inc		344,487
	18,032	*	Commercial Vehicle Group, Inc		291,036
	11,361		Cubic Corp		553,849
	33,309		Curtiss-Wright Corp		1,155,822
	20,050	*	DigitalGlobe, Inc		615,736
	7,969		Douglas Dynamics, Inc		116,188
	7,356		Ducommun, Inc		161,538
	6,070	*	DXP Enterprises, Inc		132,205
	25,072	*	Dycom Industries, Inc		402,907
	9,476		Dynamic Materials Corp		187,151
	48,141	*,d	EMCOR Group, Inc		1,457,710
	13,249		Encore Wire Corp		297,374
	44,771	*	Ener1, Inc		172,368
	31,088	*	Energy Recovery, Inc		106,321
	35,042	*	EnerSys		1,150,078
	14,991	*	EnPro Industries, Inc		622,276
	19,161		ESCO Technologies, Inc		695,161
	21,657	*	Esterline Technologies Corp		1,541,545
	44,940		Federal Signal Corp		312,782
	33,987	*	Flow International Corp		127,451
	50,706	*	Force Protection, Inc		280,911
	16,909		Franklin Electric Co, Inc		694,622
	8,547		Freightcar America, Inc		243,760
	71,319	*	FuelCell Energy, Inc		124,808
	26,517	*	Furmanite Corp		202,060
	40,573	*	GenCorp, Inc		208,139
	13,981	*	Generac Holdings, Inc		208,317
	16,035	*	GeoEye, Inc		640,117
	21,745	*	Gibraltar Industries, Inc		239,847
	3,978	*	Global Defense Technology & Systems, Inc		65,478
	8,768		Gorman-Rupp Co		278,647
	87,307	*	GrafTech International Ltd		1,833,446
	6,839		Graham Corp		158,665
	25,285		Granite Construction, Inc		653,364
	41,996		Great Lakes Dredge & Dock Corp		348,987
	15,460	*	Greenbrier Cos, Inc		365,938
	31,945	*	Griffon Corp		371,840
	20,021	*	H&E Equipment Services, Inc		232,644
	21,290		Heico Corp		1,113,254
	9,939	*	Herley Industries, Inc		163,298
	70,415	*	Hexcel Corp		1,339,293
	15,597	*	Hoku Scientific, Inc		38,837
	12,311		Houston Wire & Cable Co		160,659
	18,212	*	II-VI, Inc		899,309
	28,483	*	Insituform Technologies, Inc (Class A)		783,567
	12,194		Insteel Industries, Inc		139,255
	23,946	*	Interline Brands, Inc		508,374
	20,727		John Bean Technologies Corp		374,122
	8,964	*	Kadant, Inc		189,678
	18,686		Kaman Corp		550,022

168

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,277		Kaydon Corp	$	939,763
	7,280	*	KEYW Holding Corp		106,070
	12,846	*	Kratos Defense & Security Solutions, Inc		180,101
	8,926	*	LaBarge, Inc		124,607
	11,410	*	Ladish Co, Inc		610,891
	2,812		Lawson Products, Inc		65,716
	14,279	*	Layne Christensen Co		450,931
	7,328	*	LB Foster Co (Class A)		291,288
	9,088		Lindsay Manufacturing Co		591,447
	6,138	*	LMI Aerospace, Inc		114,934
	13,808		LSI Industries, Inc		102,732
	12,770	*	Lydall, Inc		102,160
	38,502	*	Mastec, Inc		586,000
	9,592		Met-Pro Corp		104,073
	5,813	*	Michael Baker Corp		176,483
	12,071	*	Middleby Corp		987,529
	7,747		Miller Industries, Inc		118,219
	32,959	*	Moog, Inc (Class A)		1,405,372
	27,352		Mueller Industries, Inc		894,410
	110,236		Mueller Water Products, Inc (Class A)		440,944
	14,280	*	MYR Group, Inc		314,017
	4,212		Nacco Industries, Inc (Class A)		422,253
	13,609	*	NCI Building Systems, Inc		180,591
	24,778		Nordson Corp		2,287,258
	6,814	*	Northwest Pipe Co		149,022
	1,883		Omega Flex, Inc		24,460
	41,782	*	Orbital Sciences Corp		712,801
	19,545	*	Orion Marine Group, Inc		229,067
	19,227		Perini Corp		436,645
	13,402	*	Pgt, Inc		31,361
	12,275	*	Pike Electric Corp		101,514
	10,241	*	PMFG, Inc		167,748
	15,785	*	Polypore International, Inc		760,048
	6,398	*	Powell Industries, Inc		242,548
	13,913	*	PowerSecure International, Inc		101,843
	1,517		Preformed Line Products Co		92,704
	16,312		Primoris Services Corp		133,922
	27,539		Quanex Building Products Corp		536,735
	11,899		Raven Industries, Inc		562,108
	15,879	*	RBC Bearings, Inc		552,113
	27,978		Robbins & Myers, Inc		1,161,926
	35,950	*	RSC Holdings, Inc		429,962
	22,707	*	Rush Enterprises, Inc (Class A)		433,022
	83,787	*	SatCon Technology Corp		406,367
	8,338	*	Sauer-Danfoss, Inc		238,884
	237		Seaboard Corp		474,474
	8,281		SeaCube Container Leasing Ltd		110,800
	28,576		Simpson Manufacturing Co, Inc		850,136
	9,054		Standex International Corp		301,951
	11,937	*	Sterling Construction Co, Inc		153,510
	9,200		Sun Hydraulics Corp		342,976
	12,267		TAL International Group, Inc		383,098

169

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	43,444	*	Taser International, Inc	$	182,030
	13,219	*	Tecumseh Products Co (Class A)		159,686
	26,315	*	Teledyne Technologies, Inc		1,244,963
	13,755		Tennant Co		554,877
	6,914		Textainer Group Holdings Ltd		214,334
	25,706		Titan International, Inc		488,414
	9,194	*	Titan Machinery, Inc		222,771
	17,538		Tredegar Corp		328,136
	10,920	*	Trex Co, Inc		254,218
	10,930	*	Trimas Corp		208,107
	12,135		Triumph Group, Inc		1,165,324
	5,911		Twin Disc, Inc		192,521
	1,288	*	United Capital Corp		35,549
	43,804	*	United Rentals, Inc		1,167,377
	14,087		Universal Forest Products, Inc		516,993
	29,331	*	UQM Technologies, Inc		80,074
	14,178		Vicor Corp		208,842
	49,638	*	Wabash National Corp		563,888
	20,221		Watsco, Inc		1,268,260
	21,295		Watts Water Technologies, Inc (Class A)		765,981
	44,220		Woodward Governor Co		1,491,319
	5,194	*,b	Xerium Technologies, Inc		102,582
			TOTAL CAPITAL GOODS		81,718,593
COMMERCIAL & PROFESSIONAL SERVICES - 3.6%
	37,646		ABM Industries, Inc		967,502
	24,558	*	Acacia Research (Acacia Technologies)		599,215
	39,174	*	ACCO Brands Corp		321,619
	15,737		Administaff, Inc		445,672
	11,260	*	Advisory Board Co		556,920
	13,281		American Ecology Corp		223,918
	26,289	*	American Reprographics Co		212,152
	23,469	*	APAC Customer Services, Inc		129,314
	6,005		Barrett Business Services, Inc		88,394
	34,719		Brink's Co		937,413
	17,396	*	Casella Waste Systems, Inc (Class A)		139,516
	24,233	*	CBIZ, Inc		168,904
	8,734		CDI Corp		140,268
	38,206	*	Cenveo, Inc		205,548
	16,785	*	Clean Harbors, Inc		1,511,321
	780		Compx International, Inc		10,608
	6,742	*	Consolidated Graphics, Inc		337,437
	24,864		Corporate Executive Board Co		966,215
	15,004	*	CoStar Group, Inc		844,425
	7,207		Courier Corp		102,159
	8,076	*	CRA International, Inc		196,085
	37,252		Deluxe Corp		910,811
	21,599	*	Dolan Media Co		296,122
	63,224		EnergySolutions, Inc		374,286
	14,085	*	EnerNOC, Inc		366,492
	18,690		Ennis, Inc		310,815
	9,960	*	Exponent, Inc		365,731

170

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,236	*	Franklin Covey Co	$	80,148
	12,073	*	Fuel Tech, Inc		96,705
	13,232		G & K Services, Inc (Class A)		414,559
	44,279	*	Geo Group, Inc		1,052,512
	10,648	*	GP Strategies Corp		105,309
	47,639		Healthcare Services Group		754,602
	12,551		Heidrick & Struggles International, Inc		336,241
	41,374		Herman Miller, Inc		998,355
	7,520	*	Higher One Holdings, Inc		143,030
	18,722	*	Hill International, Inc		121,693
	32,809		HNI Corp		995,425
	23,999	*	Hudson Highland Group, Inc		132,474
	15,897	*	Huron Consulting Group, Inc		407,122
	12,275	*	ICF International, Inc		295,889
	17,035	*	Innerworkings, Inc		107,321
	36,648		Interface, Inc (Class A)		595,530
	19,423	*	Kelly Services, Inc (Class A)		382,148
	21,955	*	Kforce, Inc		392,555
	21,353		Kimball International, Inc (Class B)		143,812
	34,146		Knoll, Inc		571,604
	33,326	*	Korn/Ferry International		779,828
	15,115	*	LECG Corp		23,882
	7,366	*	M&F Worldwide Corp		177,742
	17,501		McGrath RentCorp		441,725
	27,733	*	Metalico, Inc		153,918
	19,246		Mine Safety Appliances Co		600,090
	10,668	*	Mistras Group, Inc		152,446
	26,450	*	Mobile Mini, Inc		540,638
	8,073		Multi-Color Corp		134,173
	36,188	*	Navigant Consulting, Inc		368,756
	26,424	*	On Assignment, Inc		208,750
	33,533		Resources Connection, Inc		672,001
	46,803		Rollins, Inc		888,789
	7,829		Schawk, Inc (Class A)		142,801
	13,699	*	School Specialty, Inc		178,772
	37,342	*	Spherion Corp		361,471
	11,323	*	Standard Parking Corp		203,701
	14,710		Standard Register Co		47,072
	55,564		Steelcase, Inc (Class A)		567,864
	29,950	*	SYKES Enterprises, Inc		583,426
	13,710	*	Team, Inc		350,428
	44,823	*	Tetra Tech, Inc		1,037,428
	31,989	*	TrueBlue, Inc		545,732
	10,255		Unifirst Corp		571,819
	17,571	*	United Stationers, Inc		1,094,322
	14,655		Viad Corp		344,832
	3,152		VSE Corp		94,276
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		31,122,578
CONSUMER DURABLES & APPAREL - 3.7%
	29,013	*	American Apparel, Inc		29,883
	28,626		American Greetings Corp (Class A)		622,043

171

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,416	*	Arctic Cat, Inc	$	134,824
	43,061	*	Ascena Retail Group, Inc		1,167,384
	53,893	*	Beazer Homes USA, Inc		288,328
	3,673		Blyth, Inc		123,486
	6,644	*	Brookfield Homes Corp		93,813
	64,195		Brunswick Corp		1,278,764
	46,424		Callaway Golf Co		341,216
	43,085	*	Carter’s, Inc		1,193,455
	4,760	*	Cavco Industries, Inc		196,064
	5,865		Cherokee, Inc		94,016
	8,322		Columbia Sportswear Co		507,476
	62,220	*	CROCS, Inc		1,019,786
	5,065		CSS Industries, Inc		92,993
	6,145	*	Culp, Inc		61,389
	28,071	*	Deckers Outdoor Corp		2,060,131
	4,922	*	Delta Apparel, Inc		63,346
	194,708	*	Eastman Kodak Co		712,631
	17,618		Ethan Allen Interiors, Inc		394,643
	33,540	*	Furniture Brands International, Inc		150,930
	11,272	*	G-III Apparel Group Ltd		393,280
	22,244	*	Helen of Troy Ltd		624,390
	7,260		Hooker Furniture Corp		97,357
	36,208	*	Hovnanian Enterprises, Inc (Class A)		160,039
	52,378	*	Iconix Brand Group, Inc		1,039,703
	15,003	*	iRobot Corp		405,081
	19,904	*	Jakks Pacific, Inc		344,140
	29,424	*	Joe's Jeans, Inc		45,019
	3,029	*	Johnson Outdoors, Inc		46,101
	63,136		Jones Apparel Group, Inc		801,196
	5,302	*	Kenneth Cole Productions, Inc (Class A)		72,319
	18,887	*	K-Swiss, Inc (Class A)		217,201
	3,272		Lacrosse Footwear, Inc		50,487
	36,525	*	La-Z-Boy, Inc		303,888
	23,550	*	Leapfrog Enterprises, Inc		90,903
	14,018	*	Libbey, Inc		214,055
	7,103	*	Lifetime Brands, Inc		86,159
	67,148	*	Liz Claiborne, Inc		331,711
	13,410	*	M/I Homes, Inc		196,591
	16,716	*	Maidenform Brands, Inc		430,270
	6,663	*	Marine Products Corp		47,974
	23,224	*	Meritage Homes Corp		533,223
	10,927	*	Movado Group, Inc		157,458
	3,501		National Presto Industries, Inc		448,198
	9,602		Oxford Industries, Inc		227,279
	7,016	*	Perry Ellis International, Inc		197,500
	22,620		Polaris Industries, Inc		1,739,931
	36,008		Pool Corp		877,874
	94,473	*	Quiksilver, Inc		422,294
	15,612	*	RC2 Corp		317,236
	5,854		RG Barry Corp		61,935
	8,702	*	Russ Berrie & Co, Inc		79,275
	31,954		Ryland Group, Inc		568,781

172

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	36,798	*	Sealy Corp	$	97,515
	25,145	*	Skechers U.S.A., Inc (Class A)		517,233
	4,666		Skyline Corp		93,740
	44,195	*	Smith & Wesson Holding Corp		156,892
	76,472	*	Standard-Pacific Corp		336,477
	3,884	*	Steinway Musical Instruments, Inc		74,223
	17,800	*	Steven Madden Ltd		679,426
	13,927		Sturm Ruger & Co, Inc		207,652
	7,873	*	Summer Infant, Inc		60,032
	28,447	*	Timberland Co (Class A)		760,388
	18,208	*	True Religion Apparel, Inc		374,174
	25,523	*	Under Armour, Inc (Class A)		1,527,807
	10,000	*	Unifi, Inc		166,300
	9,683	*	Universal Electronics, Inc		254,953
	9,346	*	Vera Bradley, Inc		321,456
	13,570		Volcom, Inc		225,262
	32,225	*	Warnaco Group, Inc		1,646,053
	5,253		Weyco Group, Inc		121,502
	36,031		Wolverine World Wide, Inc		1,147,587
			TOTAL CONSUMER DURABLES & APPAREL		31,024,121
CONSUMER SERVICES - 3.5%
	18,279	*	AFC Enterprises		272,357
	13,280		Ambassadors Group, Inc		146,611
	13,298	*	American Public Education, Inc		446,281
	19,394		Ameristar Casinos, Inc		297,892
	9,088	*	Archipelago Learning, Inc		94,333
	16,322	*	BJ’s Restaurants, Inc		576,656
	13,574	*	Bluegreen Corp		47,509
	22,100		Bob Evans Farms, Inc		695,708
	39,300	*	Boyd Gaming Corp		426,012
	7,980	*	Bravo Brio Restaurant Group, Inc		130,074
	14,065	*	Bridgepoint Education, Inc		256,827
	13,012	*	Buffalo Wild Wings, Inc		569,535
	13,994	*	California Pizza Kitchen, Inc		224,044
	11,450	*	Cambium Learning Group, Inc		37,442
	12,151	*	Capella Education Co		695,645
	5,705	*	Caribou Coffee Co, Inc		51,459
	9,613	*	Carrols Restaurant Group, Inc		67,291
	17,317		CBRL Group, Inc		891,479
	14,913	*	CEC Entertainment, Inc		551,035
	43,831	*	Cheesecake Factory		1,293,453
	8,363		Churchill Downs, Inc		346,312
	23,003	*	Coinstar, Inc		952,094
	63,355	*	Corinthian Colleges, Inc		334,514
	3,697		CPI Corp		73,570
	71,992	*	Denny’s Corp		272,130
	12,986	*	DineEquity, Inc		669,818
	27,047	*	Domino’s Pizza, Inc		443,571
	4,586	*	Einstein Noah Restaurant Group, Inc		71,266
	17,715	*	Empire Resorts, Inc		15,364
	25,183	*	Gaylord Entertainment Co		839,601

173

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,117	*	Grand Canyon Education, Inc	$	400,097
	29,051	*	Interval Leisure Group, Inc		455,229
	11,112	*	Isle of Capri Casinos, Inc		104,675
	37,279	*	Jack in the Box, Inc		817,901
	45,565	*	Jamba, Inc		99,787
	18,185	*	K12, Inc		495,541
	42,035	*	Krispy Kreme Doughnuts, Inc		275,329
	5,040		Learning Tree International, Inc		43,747
	30,317	*	Life Time Fitness, Inc		1,209,042
	10,390		Lincoln Educational Services Corp		156,889
	8,786		Mac-Gray Corp		129,418
	14,125		Marcus Corp		167,381
	21,902		Matthews International Corp (Class A)		776,207
	11,501	*	McCormick & Schmick’s Seafood Restaurants, Inc		103,509
	6,008	*	Monarch Casino & Resort, Inc		65,127
	15,521	*	Morgans Hotel Group Co		140,232
	19,099	*	Multimedia Games, Inc		101,798
	5,435		National American University Holdings, Inc		36,795
	13,653	*	O’Charleys, Inc		94,479
	74,304	*	Orient-Express Hotels Ltd (Class A)		903,537
	15,249	*	Papa John’s International, Inc		437,646
	8,397	*	Peet’s Coffee & Tea, Inc		320,430
	16,793		PF Chang’s China Bistro, Inc		773,150
	43,891	*	Pinnacle Entertainment, Inc		661,876
	5,377	*	Pre-Paid Legal Services, Inc		354,022
	20,955	*	Princeton Review, Inc		23,365
	8,236	*	Red Lion Hotels Corp		63,170
	10,837	*	Red Robin Gourmet Burgers, Inc		223,676
	41,590		Regis Corp		697,048
	46,733	*	Ruby Tuesday, Inc		629,961
	22,763	*	Ruth’s Chris Steak House, Inc		106,076
	47,329	*	Scientific Games Corp (Class A)		488,435
	38,261	*	Shuffle Master, Inc		395,427
	44,206	*	Sonic Corp		423,936
	48,614		Sotheby’s (Class A)		1,959,144
	8,822		Speedway Motorsports, Inc		127,743
	1,023	*	Steak N Shake Co		439,890
	10,803	*	Steiner Leisure Ltd		478,789
	58,180		Stewart Enterprises, Inc (Class A)		371,188
	41,686	*	Texas Roadhouse, Inc (Class A)		692,821
	15,088		Universal Technical Institute, Inc		275,356
	26,333	*	Vail Resorts, Inc		1,265,301
			TOTAL CONSUMER SERVICES		29,575,053
DIVERSIFIED FINANCIALS - 4.1%
	39,827		Advance America Cash Advance Centers, Inc		243,741
	246,348	*	American Capital Ltd		2,012,662
	140,645		Apollo Investment Corp		1,658,907
	20,301		Artio Global Investors, Inc		297,410
	10,131	*	Asset Acceptance Capital Corp		61,394
	7,317		Asta Funding, Inc		56,158
	41,256		BGC Partners, Inc (Class A)		334,174

174

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	51,891		BlackRock Kelso Capital Corp	$	596,747
	58,339	*	Broadpoint Securities Group, Inc		123,970
	14,173		Calamos Asset Management, Inc (Class A)		217,981
	1,240		California First National Bancorp		17,608
	2,091		Capital Southwest Corp		203,977
	21,408		Cash America International, Inc		861,243
	12,645		Cohen & Steers, Inc		357,980
	26,077		Compass Diversified Trust		450,350
	7,840		CompuCredit Corp		47,354
	27,124	*	Cowen Group, Inc		122,872
	4,085	*	Credit Acceptance Corp		231,007
	1,811		Diamond Hill Investment Group, Inc		123,691
	17,686	*	Dollar Financial Corp		541,722
	19,442		Duff & Phelps Corp		329,736
	9,923	*	Encore Capital Group, Inc		225,748
	9,761		Epoch Holding Corp		145,048
	11,176		Evercore Partners, Inc (Class A)		360,985
	33,495	*	Ezcorp, Inc (Class A)		901,015
	39,035	*	FBR Capital Markets Corp		146,381
	38,893		Fifth Street Finance Corp		512,610
	9,487	*	Financial Engines, Inc		215,165
	21,839	*	First Cash Financial Services, Inc		720,469
	39,949	*	First Marblehead Corp		87,888
	4,698		Friedman Billings Ramsey Group, Inc (Class A)		118,202
	4,821		GAMCO Investors, Inc (Class A)		214,438
	46,089		GFI Group, Inc		235,976
	15,453		Gladstone Capital Corp		162,875
	16,280		Gladstone Investment Corp		115,100
	5,157		Golub Capital BDC, Inc		83,131
	23,102	*	Harris & Harris Group, Inc		117,589
	26,383		Hercules Technology Growth Capital, Inc		277,022
	12,176	*	HFF, Inc (Class A)		153,539
	8,841	*	International Assets Holding Corp		206,879
	31,049	*	Investment Technology Group, Inc		572,233
	73,930		iShares Russell 2000 Index Fund		5,762,843
	11,348		JMP Group, Inc		84,997
	7,880		Kayne Anderson Energy Development Co		139,082
	25,676		KBW, Inc		686,833
	68,481	*	Knight Capital Group, Inc (Class A)		949,147
	28,542	*	LaBranche & Co, Inc		107,318
	71,370	*	Ladenburg Thalmann Financial Services, Inc		79,221
	6,378		Life Partners Holdings, Inc		65,821
	10,592		Main Street Capital Corp		206,968
	19,738		MarketAxess Holdings, Inc		397,326
	5,868	*	Marlin Business Services Corp		76,636
	55,367		MCG Capital Corp		376,496
	11,450		Medallion Financial Corp		89,654
	83,804	*	MF Global Holdings Ltd		693,897
	17,547		MVC Capital, Inc		244,254
	19,236		Nelnet, Inc (Class A)		431,271
	21,872	*	Netspend Holdings, Inc		312,770
	20,037	*	NewStar Financial, Inc		194,159

175

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,024		NGP Capital Resources Co	$	145,658
	7,606		Oppenheimer Holdings, Inc		198,517
	30,153		optionsXpress Holdings, Inc		448,074
	25,329		PennantPark Investment Corp		306,481
	16,137	*	Penson Worldwide, Inc		76,812
	40,163	*	PHH Corp		959,494
	16,107	*	Pico Holdings, Inc		498,995
	11,169	*	Piper Jaffray Cos		466,864
	12,309	*	Portfolio Recovery Associates, Inc		887,971
	12,319	*	Primus Guaranty Ltd		59,008
	60,456		Prospect Capital Corp		692,221
	6,826		Pzena Investment Management, Inc (Class A)		46,963
	13,858	*	Rodman & Renshaw Capital Group, Inc		30,210
	14,230	*	Safeguard Scientifics, Inc		234,084
	15,846		Sanders Morris Harris Group, Inc		109,971
	3,999		Solar Capital Ltd		94,976
	24,746	*	Stifel Financial Corp		1,587,703
	2,728	*,m	Student Loan Corp		6,820
	21,421		SWS Group, Inc		100,250
	6,254		THL Credit, Inc		79,926
	22,609		TICC Capital Corp		277,865
	29,752	*	TradeStation Group, Inc		207,371
	10,922		Triangle Capital Corp		218,003
	3,737	*	Virtus Investment Partners, Inc		180,385
	3,976		Westwood Holdings Group, Inc		141,744
	11,911	*	World Acceptance Corp		668,922
			TOTAL DIVERSIFIED FINANCIALS		34,086,958
ENERGY - 6.5%
	48,839	*	Abraxas Petroleum Corp		233,939
	26,227	*	Allis-Chalmers Energy, Inc		198,801
	5,952		Alon USA Energy, Inc		46,485
	4,597	*	Amyris Biotechnologies, Inc		145,081
	6,727		APCO Argentina, Inc		418,756
	12,826	*	Approach Resources, Inc		342,069
	31,734	*	ATP Oil & Gas Corp		538,209
	16,720	*	Basic Energy Services, Inc		305,307
	37,089		Berry Petroleum Co (Class A)		1,730,944
	33,317	*	Bill Barrett Corp		1,365,331
	69,736	*	BPZ Energy, Inc		400,982
	84,430	*	Brigham Exploration Co		2,499,972
	26,085	*	Bristow Group, Inc		1,343,117
	67,854	*	Cal Dive International, Inc		416,624
	21,621	*	Callon Petroleum Co		188,319
	13,860		CARBO Ceramics, Inc		1,596,118
	25,241	*	Carrizo Oil & Gas, Inc		854,408
	41,182	*	Cheniere Energy, Inc		301,040
	4,240	*	Clayton Williams Energy, Inc		375,876
	33,383	*	Clean Energy Fuels Corp		396,256
	22,943	*	Cloud Peak Energy, Inc		522,412
	56,379	*	Complete Production Services, Inc		1,575,229
	8,643	*	Contango Oil & Gas Co		501,294

176

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	29,081		Crosstex Energy, Inc	$	246,025
	21,710	*	CVR Energy, Inc		376,017
	5,780	*	Dawson Geophysical Co		195,422
	8,997		Delek US Holdings, Inc		74,945
	128,618	*	Delta Petroleum Corp		93,119
	35,723		DHT Maritime, Inc		181,830
	24,645	*	Dril-Quip, Inc		1,900,622
	15,312	*	Endeavour International Corp		191,094
	20,941	*	Energy Partners Ltd		336,941
	53,147	*	Energy XXI Bermuda Ltd		1,531,165
	11,803	*	Evolution Petroleum Corp		86,988
	31,083	*	FX Energy, Inc		282,855
	39,532	*	Gastar Exploration Ltd		166,430
	57,513		General Maritime Corp		175,990
	11,843	*	Georesources, Inc		327,341
	6,101	*	Global Geophysical Services, Inc		67,721
	72,181	*	Global Industries Ltd		578,531
	22,927	*	GMX Resources, Inc		119,679
	26,487		Golar LNG Ltd		462,198
	17,609	*	Goodrich Petroleum Corp		373,663
	13,868	*	Green Plains Renewable Energy, Inc		154,628
	10,269		Gulf Island Fabrication, Inc		278,085
	16,869	*	Gulfmark Offshore, Inc		648,613
	19,790	*	Gulfport Energy Corp		473,773
	2,622		Hallador Petroleum Co		28,606
	23,840	*	Harvest Natural Resources, Inc		265,101
	75,738	*	Helix Energy Solutions Group, Inc		939,151
	85,401	*	Hercules Offshore, Inc		282,677
	16,513	*	Hornbeck Offshore Services, Inc		392,019
	13,141		Houston American Energy Corp		205,394
	95,096	*	International Coal Group, Inc		879,638
	92,014	*	ION Geophysical Corp		875,053
	797	*	Isramco, Inc		52,937
	20,099	*	James River Coal Co		451,926
	90,977	*	Key Energy Services, Inc		1,210,904
	17,719		Knightsbridge Tankers Ltd		425,522
	128,725	*	Kodiak Oil & Gas Corp		817,404
	13,336	*	L&L Energy, Inc		113,356
	21,734		Lufkin Industries, Inc		1,450,092
	38,721	*	Magnum Hunter Resources Corp		272,596
	18,931	*	Matrix Service Co		213,163
	69,245	*	McMoRan Exploration Co		1,083,684
	15,569	*	Miller Petroleum, Inc		78,623
	8,839	*	Natural Gas Services Group, Inc		157,865
	64,376	*	Newpark Resources, Inc		384,968
	34,073		Nordic American Tanker Shipping		833,085
	39,089	*	Northern Oil And Gas, Inc		1,077,684
	35,021	*	Oasis Petroleum, Inc		1,119,621
	18,530		Overseas Shipholding Group, Inc		615,937
	2,937	*	OYO Geospace Corp		281,453
	38,185	*	Pacific Asia Petroleum, Inc		68,351
	5,239		Panhandle Oil and Gas, Inc (Class A)		140,143

177

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	83,776	*	Parker Drilling Co	$	363,588
	56,632	*	Patriot Coal Corp		1,482,059
	32,420		Penn Virginia Corp		563,460
	16,984	*	Petroleum Development Corp		772,942
	39,844	*	Petroquest Energy, Inc		312,377
	9,481	*	PHI, Inc		195,498
	39,019	*	Pioneer Drilling Co		345,708
	44,072	*	RAM Energy Resources, Inc		74,482
	157,444	*	Rentech, Inc		193,656
	27,699	*	Resolute Energy Corp		501,352
	23,128	*	Rex Energy Corp		278,345
	5,670	*	Rex Stores Corp		85,390
	38,228	*	Rosetta Resources, Inc		1,527,209
	31,480		RPC, Inc		553,418
	12,253	*	Scorpio Tankers, Inc		120,202
	8,362	*	Seahawk Drilling, Inc		58,074
	32,576		Ship Finance International Ltd		651,846
	31,221	*	Stone Energy Corp		725,888
	30,401	*	Swift Energy Co		1,296,907
	53,736	*	Syntroleum Corp		82,753
	23,545		Teekay Tankers Ltd (Class A)		281,363
	21,618	*	Tesco Corp		329,999
	54,861	*	Tetra Technologies, Inc		622,672
	105,325	*	TransAtlantic Petroleum Ltd		302,283
	11,013	*	Union Drilling, Inc		80,395
	43,803	*	Uranium Energy Corp		229,090
	82,422	*	USEC, Inc		457,442
	36,137		Vaalco Energy, Inc		263,077
	108,642	*	Vantage Drilling Co		202,074
	14,271	*	Venoco, Inc		297,693
	25,496		W&T Offshore, Inc		518,844
	50,250	*	Warren Resources, Inc		280,395
	37,435	*	Western Refining, Inc		455,958
	33,785	*	Willbros Group, Inc		404,069
	49,858		World Fuel Services Corp		1,871,669
			TOTAL ENERGY		57,119,374
FOOD & STAPLES RETAILING - 0.8%
	13,134		Andersons, Inc		509,337
	830		Arden Group, Inc (Class A)		65,761
	27,543		Casey’s General Stores, Inc		1,170,302
	11,076	*	Fresh Market, Inc		407,265
	8,838		Ingles Markets, Inc (Class A)		171,192
	8,967		Nash Finch Co		337,787
	16,430	*	Pantry, Inc		273,888
	11,522		Pricesmart, Inc		420,438
	403,158	*	Rite Aid Corp		516,042
	31,926		Ruddick Corp		1,075,906
	16,234		Spartan Stores, Inc		235,231
	5,170	*	Susser Holdings Corp		74,551
	34,787	*	United Natural Foods, Inc		1,287,118
	4,611		Village Super Market (Class A)		144,832

178

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,076		Weis Markets, Inc	$	319,244
	39,855	*	Winn-Dixie Stores, Inc		254,275
			TOTAL FOOD & STAPLES RETAILING		7,263,169
FOOD, BEVERAGE & TOBACCO - 1.6%
	2,917		Alico, Inc		73,246
	63,464	*	Alliance One International, Inc		243,067
	34,735		B&G Foods, Inc (Class A)		466,491
	6,284	*	Boston Beer Co, Inc (Class A)		565,623
	1,246		Bridgford Foods Corp		14,927
	8,039		Calavo Growers, Inc		185,540
	10,067	b	Cal-Maine Foods, Inc		285,500
	32,396	*	Chiquita Brands International, Inc		499,546
	3,069		Coca-Cola Bottling Co Consolidated		165,787
	59,722	*	Darling International, Inc		809,233
	15,801		Diamond Foods, Inc		786,416
	25,673	*	Dole Food Co, Inc		358,909
	4,703		Farmer Bros Co		60,998
	28,785		Fresh Del Monte Produce, Inc		761,363
	1,656		Griffin Land & Nurseries, Inc (Class A)		48,554
	29,662	*	Hain Celestial Group, Inc		789,899
	6,711	*	Harbinger Group, Inc		38,655
	63,942	*	Heckmann Corp		308,840
	9,265		Imperial Sugar Co		110,995
	10,340		J&J Snack Foods Corp		439,140
	5,718	*	John B. Sanfilippo & Son, Inc		64,956
	14,050		Lancaster Colony Corp		780,759
	18,449		Lance, Inc		382,632
	3,394	*	Lifeway Foods, Inc		31,191
	5,984		Limoneira Co		134,640
	7,624		Mgp Ingredients, Inc		72,009
	8,520		National Beverage Corp		114,594
	35,149	*	Pilgrim’s Pride Corp		245,340
	7,383	*	Primo Water		91,475
	16,463		Sanderson Farms, Inc		676,794
	6,234	*	Seneca Foods Corp		173,305
	45,754	*	Smart Balance, Inc		183,245
	71,133	*	Star Scientific, Inc		112,390
	13,291	*	Synutra International, Inc		157,100
	17,542		Tootsie Roll Industries, Inc		485,212
	25,209	*	TreeHouse Foods, Inc		1,206,250
	17,472		Universal Corp		662,014
	33,006		Vector Group Ltd		528,426
			TOTAL FOOD, BEVERAGE & TOBACCO		13,115,061
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	15,747	*	Abaxis, Inc		414,933
	22,453	*	Abiomed, Inc		220,039
	8,627	*	Accretive Health, Inc		156,494
	36,964	*	Accuray, Inc		316,412
	8,177	*	Air Methods Corp		418,989
	42,947	*	Align Technology, Inc		894,586

179

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,523	*	Alimera Sciences, Inc	$	45,185
	19,153	*	Alliance Imaging, Inc		80,251
	34,164	*	Allied Healthcare International, Inc		82,677
	5,947	*	Almost Family, Inc		198,570
	38,845	*	Alphatec Holdings, Inc		93,616
	20,681	*	Amedisys, Inc		705,015
	6,891		America Service Group, Inc		116,251
	11,662	*	American Dental Partners, Inc		148,224
	54,640	*	American Medical Systems Holdings, Inc		1,066,573
	37,524	*	AMERIGROUP Corp		1,965,133
	28,421	*	AMN Healthcare Services, Inc		164,842
	22,371	*	Amsurg Corp		471,357
	9,379		Analogic Corp		478,986
	17,853	*	Angiodynamics, Inc		289,129
	53,640	*	Antares Pharma, Inc		83,142
	19,593	*	Arthrocare Corp		548,408
	7,140	*	Assisted Living Concepts, Inc (A Shares)		235,049
	23,975	*	athenahealth, Inc		1,029,487
	1,125		Atrion Corp		188,618
	17,561	*	Bio-Reference Labs, Inc		405,483
	27,195	*	BioScrip, Inc		140,870
	8,922		Cantel Medical Corp		189,949
	19,324	*	Capital Senior Living Corp		131,983
	19,030	*	CardioNet, Inc		82,781
	27,556	*	Catalyst Health Solutions, Inc		1,195,930
	35,573	*	Centene Corp		986,084
	36,250	*	Cerus Corp		119,625
	16,593		Chemed Corp		1,032,582
	9,655	*	Chindex International, Inc		151,004
	7,087		Computer Programs & Systems, Inc		367,815
	22,444	*	Conceptus, Inc		303,106
	21,186	*	Conmed Corp		553,166
	19,781	*	Continucare Corp		80,509
	5,042	*	Corvel Corp		254,520
	21,512	*	Cross Country Healthcare, Inc		154,886
	20,912	*	CryoLife, Inc		106,024
	10,663	*	Cutera, Inc		87,223
	20,149	*	Cyberonics, Inc		659,880
	7,592	*	Cynosure, Inc (Class A)		82,867
	31,816	*	Delcath Systems, Inc		300,979
	44,614	*	DexCom, Inc		629,280
	8,214	*	DynaVox, Inc		43,124
	18,910	*	Electro-Optical Sciences, Inc		51,057
	15,960	*	Emeritus Corp		304,836
	33,765	*	Endologix, Inc		196,850
	10,377		Ensign Group, Inc		250,708
	5,762	*	Exactech, Inc		96,168
	8,220	*	EXamWorks, Inc		179,854
	21,971	*	Five Star Quality Care, Inc		137,538
	12,625	*	Genoptix, Inc		315,120
	21,733	*	Gentiva Health Services, Inc		500,294
	16,544	*	Greatbatch, Inc		389,611

180

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,231	*	Haemonetics Corp	$	1,081,828
	19,126	*	Hanger Orthopedic Group, Inc		393,039
	35,733	*	Hansen Medical, Inc		57,530
	67,928	*	Healthsouth Corp		1,536,531
	42,031	*	Healthspring, Inc		1,277,322
	24,588	*	Healthways, Inc		294,318
	6,790	*	HeartWare International, Inc		631,538
	19,720	*	HMS Holdings Corp		1,268,785
	8,483	*	ICU Medical, Inc		331,346
	50,660	*	Immucor, Inc		1,001,548
	31,124	*	Insulet Corp		530,042
	15,255	*	Integra LifeSciences Holdings Corp		707,527
	21,060		Invacare Corp		582,098
	11,655	*	IPC The Hospitalist Co, Inc		432,750
	11,665	*	IRIS International, Inc		115,367
	4,997	*	Kensey Nash Corp		120,927
	28,609	*	Kindred Healthcare, Inc		535,274
	6,780		Landauer, Inc		393,579
	14,349	*	LCA-Vision, Inc		97,143
	11,263	*	LHC Group, Inc		299,596
	24,199	*	Magellan Health Services, Inc		1,171,474
	21,769	*	MAKO Surgical Corp		337,855
	37,637		Masimo Corp		1,128,169
	31,217	*	MedAssets, Inc		612,790
	15,015	*	Medcath Corp		201,051
	11,137	*	Medical Action Industries, Inc		90,210
	13,479	*	Medidata Solutions, Inc		336,301
	7,888		MedQuist, Inc		73,516
	35,907	*	Merge Healthcare, Inc		153,682
	29,430		Meridian Bioscience, Inc		645,694
	20,200	*	Merit Medical Systems, Inc		298,354
	29,864	*	Metropolitan Health Networks, Inc		136,777
	11,354	*	Molina Healthcare, Inc		348,114
	8,920	*	MWI Veterinary Supply, Inc		554,467
	6,640		National Healthcare Corp		293,953
	1,509		National Research Corp		45,421
	19,991	*	Natus Medical, Inc		301,064
	16,377	*	Neogen Corp		588,917
	28,333	*	NuVasive, Inc		791,766
	19,783	*	NxStage Medical, Inc		475,583
	23,486	*	Omnicell, Inc		327,277
	33,621	*	OraSure Technologies, Inc		217,528
	12,571	*	Orthofix International NV		359,531
	50,980	*	Orthovita, Inc		104,764
	45,786		Owens & Minor, Inc		1,352,061
	12,853	*	Palomar Medical Technologies, Inc		190,996
	7,082	*	PDI, Inc		57,187
	21,618	*	PharMerica Corp		244,500
	9,535	*	Providence Service Corp		135,683
	41,446	*	PSS World Medical, Inc		987,658
	13,694		Quality Systems, Inc		1,093,328
	15,372	*	Quidel Corp		208,752

181

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES				COMPANY	VALUE
	17,745		*	RehabCare Group, Inc	$	435,817
	8,222		*	Rochester Medical Corp		87,852
	41,044		*	RTI Biologics, Inc		109,998
	13,917		*	Rural		194,003
	36,310		*	Select Medical Holdings Corp		244,729
	24,289		*	Sirona Dental Systems, Inc		1,064,101
	15,222		*	Skilled Healthcare Group, Inc (Class A)		163,484
	44,673		*	Solta Medical, Inc		122,851
	9,723		*	SonoSite, Inc		326,304
	25,030		*	Spectranetics Corp		115,138
	24,194		*	Staar Surgical Co		126,414
	23,502		*	Stereotaxis, Inc		78,967
	43,022			STERIS Corp		1,498,026
	17,848		*	Sun Healthcare Group, Inc		223,011
	40,423		*	Sunrise Senior Living, Inc		323,384
	13,098		*	SurModics, Inc		154,556
	24,967		*	Symmetry Medical, Inc		238,934
	25,688		*	Syneron Medical Ltd		272,807
	8,394		*	Synovis Life Technologies, Inc		125,784
	11,311		*	Team Health Holdings, Inc		174,868
	35,949		*	TomoTherapy, Inc		120,070
	6,899		*	Transcend Services, Inc		127,149
	14,587		*	Triple-S Management Corp (Class B)		269,276
	33,654		*	Unilife Corp		163,222
	23,351			Universal American Financial Corp		471,457
	7,126		*	US Physical Therapy, Inc		135,394
	12,468		*	Vascular Solutions, Inc		131,911
	10,757		*	Vital Images, Inc		142,961
	36,449		*	Volcano Corp		957,151
	30,705		*	WellCare Health Plans, Inc		918,080
	24,123			West Pharmaceutical Services, Inc		964,679
	27,999		*	Wright Medical Group, Inc		416,065
	3,917			Young Innovations, Inc		117,588
	15,546		*	Zoll Medical Corp		642,827
				TOTAL HEALTH CARE EQUIPMENT & SERVICES		58,105,041
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	41,565	*		Central Garden and Pet Co (Class A)		394,036
	17,567	*		Elizabeth Arden, Inc		449,540
	14,159			Female Health Co		72,919
	10,485			Inter Parfums, Inc		187,052
	9,779	*		Medifast, Inc		233,914
	5,273	*		Nature’s Sunshine Products, Inc		42,975
	35,730			Nu Skin Enterprises, Inc (Class A)		1,074,757
	7,360	*		Nutraceutical International Corp		102,083
	4,035			Oil-Dri Corp of America		76,988
	29,890	*		Prestige Brands Holdings, Inc		329,986
	7,439	*		Revlon, Inc (Class A)		72,456
	9,086			Schiff Nutrition International, Inc		67,418
	13,388	*		Spectrum Brands, Inc		438,859
	4,442	*		USANA Health Sciences, Inc		168,441
	12,182			WD-40 Co		479,605
				TOTAL HOUSEHOLD & PERSONAL PRODUCTS		4,191,029

182

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
INSURANCE - 2.6%
	42,516		American Equity Investment Life Holding Co	$	539,103
	7,467	*	American Safety Insurance Holdings Ltd		149,788
	13,396	*	Amerisafe, Inc		238,583
	16,527		Amtrust Financial Services, Inc		305,915
	22,561		Argo Group International Holdings Ltd		803,623
	6,017		Baldwin & Lyons, Inc (Class B)		135,202
	25,130	*	Citizens, Inc (Class A)		179,177
	12,847	*	CNA Surety Corp		308,713
	160,959	*	Conseco, Inc		1,018,870
	19,423	*	Crawford & Co (Class B)		72,059
	34,568		Delphi Financial Group, Inc (Class A)		994,867
	7,747		Donegal Group, Inc (Class A)		100,324
	16,550	*	eHealth, Inc		200,255
	3,273		EMC Insurance Group, Inc		73,544
	28,413		Employers Holdings, Inc		477,054
	4,817	*	Enstar Group Ltd		398,703
	9,666		FBL Financial Group, Inc (Class A)		268,811
	75,445		First American Financial Corp		1,170,152
	9,932		First Mercury Financial Corp		163,381
	37,946		Flagstone Reinsurance Holdings Ltd		465,218
	6,795	*	Fpic Insurance Group, Inc		242,989
	20,548	*	Greenlight Capital Re Ltd (Class A)		580,892
	9,136	*	Hallmark Financial Services		77,565
	8,604		Harleysville Group, Inc		303,979
	27,553	*	Hilltop Holdings, Inc		270,295
	28,561		Horace Mann Educators Corp		493,534
	9,106		Infinity Property & Casualty Corp		543,992
	2,858		Kansas City Life Insurance Co		90,170
	35,390		Maiden Holdings Ltd		283,120
	70,044		Max Capital Group Ltd		1,509,449
	39,286		Meadowbrook Insurance Group, Inc		372,824
	48,463		Montpelier Re Holdings Ltd		961,991
	31,026	*	National Financial Partners Corp		393,410
	4,565		National Interstate Corp		95,956
	1,597		National Western Life Insurance Co (Class A)		276,249
	8,874	*	Navigators Group, Inc		434,294
	84,798	*	Phoenix Cos, Inc		217,083
	29,913		Platinum Underwriters Holdings Ltd		1,322,155
	14,232		Presidential Life Corp		134,919
	17,561		Primerica, Inc		424,976
	22,349	*	ProAssurance Corp		1,311,216
	13,331		RLI Corp		718,141
	9,187		Safety Insurance Group, Inc		437,209
	16,385		SeaBright Insurance Holdings, Inc		159,098
	38,624		Selective Insurance Group, Inc		686,735
	10,009		State Auto Financial Corp		152,637
	12,517		Stewart Information Services Corp		142,819
	27,094		Tower Group, Inc		705,528
	10,075	*	United America Indemnity Ltd		200,644

183

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,352		United Fire & Casualty Co	$	327,776
	13,397		Universal Insurance Holdings, Inc		72,612
			TOTAL INSURANCE		22,007,599
MATERIALS - 5.7%
	22,484		A. Schulman, Inc		480,033
	3,125	*	AEP Industries, Inc		86,531
	54,342	*	Allied Nevada Gold Corp		1,436,802
	17,335		AMCOL International Corp		518,663
	14,577		American Vanguard Corp		120,843
	16,407		Arch Chemicals, Inc		594,590
	20,437		Balchem Corp		687,705
	51,224		Boise, Inc		460,504
	14,762	*	Brush Engineered Materials, Inc		516,375
	28,481		Buckeye Technologies, Inc		716,582
	40,813	*	Calgon Carbon Corp		581,993
	43,636	*	Capital Gold Corp		209,016
	11,700	*	Castle (A.M.) & Co		183,573
	46,141	*	Century Aluminum Co		686,117
	8,337	*	Clearwater Paper Corp		659,290
	63,838	*	Coeur d’Alene Mines Corp		1,492,532
	7,801		Deltic Timber Corp		467,982
	62,415	*	Ferro Corp		962,439
	46,602	*	General Moly, Inc		237,204
	24,430	*	Georgia Gulf Corp		650,571
	33,092		Glatfelter		398,097
	44,500		Globe Specialty Metals, Inc		817,020
	187,123	*	Golden Star Resources Ltd		690,484
	12,590	*	Graham Packaging Co, Inc		219,444
	82,605	*	Graphic Packaging Holding Co		392,374
	35,423		H.B. Fuller Co		807,290
	6,233		Hawkins, Inc		244,770
	8,791		Haynes International, Inc		428,298
	44,926	*	Headwaters, Inc		236,311
	200,694	*	Hecla Mining Co		1,806,247
	31,364	*	Horsehead Holding Corp		398,636
	15,578		Innophos Holdings, Inc		516,722
	61,697	*	Jaguar Mining, Inc		367,714
	11,055		Kaiser Aluminum Corp		527,434
	27,906	*	Kapstone Paper and Packaging Corp		475,239
	4,847		KMG Chemicals, Inc		82,544
	14,931		Koppers Holdings, Inc		574,545
	8,118	*	Kraton Polymers LLC		254,824
	20,020	*	Landec Corp		125,325
	91,854	*	Louisiana-Pacific Corp		922,213
	12,294	*	LSB Industries, Inc		370,295
	7,954	*	Metals USA Holdings Corp		120,901
	13,617		Minerals Technologies, Inc		858,143
	18,575	*	Molycorp, Inc		869,496
	25,519		Myers Industries, Inc		233,244
	10,225		Neenah Paper, Inc		196,934
	7,500		NewMarket Corp		951,450

184

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,826		NL Industries, Inc	$	64,427
	9,697	*	Noranda Aluminium Holding Corp		143,419
	57,201		Olin Corp		1,113,703
	6,333		Olympic Steel, Inc		173,334
	22,352	*	OM Group, Inc		808,695
	32,248	*	Omnova Solutions, Inc		226,703
	67,243	*	PolyOne Corp		884,245
	7,969		Quaker Chemical Corp		305,850
	28,289		Rock-Tenn Co (Class A)		1,888,290
	37,791	*	Rockwood Holdings, Inc		1,533,938
	21,835	*	RTI International Metals, Inc		630,813
	13,317		Schweitzer-Mauduit International, Inc		798,487
	26,838	*	Senomyx, Inc		159,686
	35,911		Sensient Technologies Corp		1,217,743
	39,223		Silgan Holdings, Inc		1,464,194
	88,003	*	Solutia, Inc		2,061,031
	22,173	*	Spartech Corp		185,145
	5,705		Stepan Co		413,727
	32,299	*	Stillwater Mining Co		700,242
	20,754	*	STR Holdings, Inc		379,383
	15,168		Texas Industries, Inc		602,624
	5,796	*	Texas Petrochemicals, Inc		182,574
	119,156	*	Thompson Creek Metals Co, Inc		1,613,372
	1,796	*	United States Lime & Minerals, Inc		71,445
	5,025	*	Universal Stainless & Alloy		160,800
	20,229	*	US Energy Corp Wyoming		122,588
	65,447	*	US Gold Corp		418,861
	13,119	*	Verso Paper Corp		61,266
	35,168		Wausau Paper Corp		301,390
	14,289		Westlake Chemical Corp		553,270
	41,003		Worthington Industries, Inc		779,057
	52,734	*	WR Grace & Co		1,871,531
	15,740		Zep, Inc		284,422
	19,324	*	Zoltek Cos, Inc		216,042
			TOTAL MATERIALS		48,027,636
MEDIA - 1.2%
	13,542	*	AH Belo Corp (Class A)		109,826
	19,294		Arbitron, Inc		804,367
	10,195	*	Ascent Media Corp (Series A)		387,818
	9,864	*	Ballantyne Strong, Inc		74,177
	2,354	*	Beasley Broadcasting Group, Inc		12,594
	65,099	*	Belo (A.H.) Corp (Class A)		438,767
	7,404	*	Carmike Cinemas, Inc		48,422
	41,297		Cinemark Holdings, Inc		699,984
	41,197	*	CKX, Inc		131,006
	19,477	*	Crown Media Holdings, Inc (Class A)		46,745
	15,074	*	Cumulus Media, Inc (Class A)		57,583
	36,031	*	Dex One Corp		198,171
	17,313	*	Entercom Communications Corp (Class A)		169,667
	37,564	*	Entravision Communications Corp (Class A)		81,138
	21,975	*	EW Scripps Co (Class A)		199,533

185

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,543	*	Fisher Communications, Inc	$	109,668
	12,096	*	Global Sources Ltd		119,629
	38,692	*	Gray Television, Inc		76,610
	28,001		Harte-Hanks, Inc		349,172
	30,607	*	Journal Communications, Inc (Class A)		146,914
	21,831	*	Knology, Inc		319,388
	34,866	*	Lee Enterprises, Inc		100,414
	22,019	*	Lin TV Corp (Class A)		106,132
	48,733	*	Lions Gate Entertainment Corp		302,145
	101,971	*	Live Nation, Inc		1,060,498
	19,627	*	Lodgenet Entertainment Corp		67,517
	20,668	*	Martha Stewart Living Omnimedia, Inc (Class A)		79,985
	43,521	*	McClatchy Co (Class A)		221,957
	17,040	*	Media General, Inc (Class A)		85,541
	28,992	*	Mediacom Communications Corp (Class A)		254,115
	38,450		National CineMedia, Inc		678,258
	7,439	*	Nexstar Broadcasting Group, Inc (Class A)		36,525
	9,442		Outdoor Channel Holdings, Inc		75,536
	14,583	*	Playboy Enterprises, Inc (Class B)		89,540
	13,727		Primedia, Inc		72,341
	30,359	*	Radio One, Inc		37,949
	3,344	*	ReachLocal, Inc		72,899
	6,763	*	Rentrak Corp		185,611
	18,579		Scholastic Corp		552,354
	32,701		Sinclair Broadcast Group, Inc (Class A)		286,788
	9,510	*	SuperMedia, Inc		67,616
	36,123	*	Valassis Communications, Inc		1,095,972
	883		Value Line, Inc		11,629
	31,133	*	Warner Music Group Corp		162,826
	3,641	*	Westwood One, Inc		28,982
	16,768		World Wrestling Entertainment, Inc (Class A)		202,054
			TOTAL MEDIA		10,516,363
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.5%
	39,703	*	Accelrys, Inc		326,359
	28,027	*	Acorda Therapeutics, Inc		615,193
	5,638	*	Acura Pharmaceuticals, Inc		16,745
	3,990	*	Aegerion Pharmaceuticals, Inc		47,481
	15,823	*	Affymax, Inc		105,381
	49,496	*	Affymetrix, Inc		240,056
	39,596	*	Akorn, Inc		197,980
	18,254	*	Albany Molecular Research, Inc		91,087
	34,865	*	Alexza Pharmaceuticals, Inc		49,508
	68,690	*	Alkermes, Inc		886,788
	57,042	*	Allos Therapeutics, Inc		191,661
	25,509	*	Alnylam Pharmaceuticals, Inc		263,380
	14,651	*	AMAG Pharmaceuticals, Inc		260,788
	9,450	*	Anacor Pharmaceuticals, Inc		72,954
	5,909	*	Anthera Pharmaceuticals, Inc		22,927
	9,617	*	Ardea Biosciences, Inc		255,043
	91,819	*	Arena Pharmaceuticals, Inc		145,074
	91,927	*	Ariad Pharmaceuticals, Inc		586,035

186

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	35,421	*	Arqule, Inc	$	217,131
	40,116	*	Array Biopharma, Inc		116,336
	25,094	*	AspenBio Pharma, Inc		15,551
	30,198	*	Auxilium Pharmaceuticals, Inc		685,193
	66,424	*	AVANIR Pharmaceuticals, Inc		269,017
	7,838	*	AVEO Pharmaceuticals, Inc		112,319
	80,875	*	AVI BioPharma, Inc		175,094
	22,239	*	BioCryst Pharmaceuticals, Inc		91,625
	16,386	*	Biodel, Inc		36,377
	12,764	*	BioMimetic Therapeutics, Inc		165,549
	55,879	*	Biosante Pharmaceuticals, Inc		103,935
	3,160	*	Biospecifics Technologies Corp		73,344
	18,067	*	Biotime, Inc		141,465
	19,729	*	BMP Sunstone Corp		196,106
	52,727	*	Bruker BioSciences Corp		922,723
	22,096	*	Cadence Pharmaceuticals, Inc		171,575
	32,714	*	Caliper Life Sciences, Inc		210,678
	21,887	*	Cambrex Corp		99,805
	6,822	*	Caraco Pharmaceutical Laboratories Ltd		32,268
	57,399	*	Celera Corp		355,013
	24,438	*	Celldex Therapeutics, Inc		90,421
	43,081	*	Cepheid, Inc		1,023,605
	27,831	*	Chelsea Therapeutics International, Inc		165,873
	16,822	*	China Aoxing Pharmaceutical Co, Inc		36,167
	8,325	*	Clinical Data, Inc		247,586
	8,259	*	Codexis, Inc		74,579
	45,700	*	Combinatorx, Inc		90,029
	5,428	*	Complete Genomics, Inc		41,144
	6,691	*	Compound partnering business		111,740
	19,908	*	Corcept Therapeutics, Inc		80,627
	4,827	*	Cornerstone Therapeutics, Inc		28,093
	42,299	*	Cubist Pharmaceuticals, Inc		928,040
	10,251	*	Cumberland Pharmaceuticals, Inc		63,556
	55,560	*	Curis, Inc		153,901
	35,890	*	Cytokinetics, Inc		68,191
	33,786	*	Cytori Therapeutics, Inc		185,147
	85,588	*	Cytrx		68,813
	37,973	*	Depomed, Inc		318,214
	12,791	*	Dionex Corp		1,509,081
	60,769	*	Durect Corp		189,599
	72,586	*	Dyax Corp		137,913
	68,076	*	Dynavax Technologies Corp		204,228
	14,846	*	Emergent Biosolutions, Inc		315,329
	24,960	*	Enzo Biochem, Inc		123,802
	35,301	*	Enzon Pharmaceuticals, Inc		395,371
	34,639	*	eResearch Technology, Inc		222,729
	12,713	*	Eurand NV		151,920
	32,791	*	Exact Sciences Corp		184,941
	78,557	*	Exelixis, Inc		681,089
	9,971	*	Genomic Health, Inc		222,054
	87,361	*	Geron Corp		428,069
	57,278	*	Halozyme Therapeutics, Inc		382,044

187

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,901	*	Hi-Tech Pharmacal Co, Inc	$	157,481
	24,849	*	Idenix Pharmaceuticals, Inc		110,330
	48,406	*	Immunogen, Inc		399,834
	45,555	*	Immunomedics, Inc		148,965
	45,399	*	Impax Laboratories, Inc		1,054,165
	63,706	*	Incyte Corp		939,026
	10,531	*	Infinity Pharmaceuticals, Inc		59,605
	37,847	*	Inhibitex, Inc		86,102
	63,340	*	Inovio Biomedical Corp		80,442
	41,314	*	Inspire Pharmaceuticals, Inc		163,190
	32,945	*	InterMune, Inc		1,231,154
	13,417	*	Ironwood Pharmaceuticals, Inc		144,769
	68,181	*	Isis Pharmaceuticals, Inc		620,447
	10,828	*	Jazz Pharmaceuticals, Inc		242,114
	11,214	*	Kendle International, Inc		127,391
	35,531	*	Keryx Biopharmaceuticals, Inc		142,124
	8,340	*	Lannett Co, Inc		43,618
	142,218	*	Lexicon Pharmaceuticals, Inc		240,348
	14,812	*	Ligand Pharmaceuticals, Inc (Class B)		128,864
	27,070	*	Luminex Corp		459,649
	47,229	*	MannKind Corp		225,282
	11,427	*	MAP Pharmaceuticals, Inc		175,690
	24,122	*	Martek Biosciences Corp		757,672
	24,110		Maxygen, Inc		95,717
	38,614	*	Medicines Co		605,468
	43,687		Medicis Pharmaceutical Corp (Class A)		1,110,961
	24,246	*	Medivation, Inc		341,384
	19,574	*	Metabolix, Inc		173,230
	64,836	*	Micromet, Inc		416,895
	32,149	*	Momenta Pharmaceuticals, Inc		411,186
	31,729	*	Nabi Biopharmaceuticals		177,682
	11,869	*	Nanosphere, Inc		43,441
	81,944	*	Nektar Therapeutics		918,592
	28,382	*	Neostem, Inc		40,586
	33,853	*	Neuralstem, Inc		66,013
	35,117	*	Neurocrine Biosciences, Inc		259,163
	7,506	*	NeurogesX, Inc		39,557
	4,753	*	Novacea, Inc		39,450
	63,109	*	Novavax, Inc		136,315
	48,373	*	NPS Pharmaceuticals, Inc		483,972
	3,549	*	Nupathe, Inc		25,979
	13,970	*	Nymox Pharmaceutical Corp		101,702
	11,888	*	Obagi Medical Products, Inc		126,251
	13,878	*	Omeros Corp		86,876
	45,392	*	Onyx Pharmaceuticals, Inc		1,601,656
	64,198	*	Opko Health, Inc		250,372
	23,208	*	Optimer Pharmaceuticals, Inc		255,288
	22,232	*	Orexigen Therapeutics, Inc		202,089
	13,014	*	Osiris Therapeutics, Inc		86,023
	11,164	*	Pacific Biosciences of California, Inc		176,391
	26,155		Pain Therapeutics, Inc		161,899
	25,412	*	Par Pharmaceutical Cos, Inc		907,717

188

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	42,317	*	Parexel International Corp	$	982,177
	99,707		PDL BioPharma, Inc		492,553
	46,193	*	Peregrine Pharmaceuticals, Inc		108,554
	31,226	*	Pharmacyclics, Inc		157,691
	23,084	*	Pharmasset, Inc		1,118,650
	19,998	*	Pozen, Inc		120,988
	21,151	*	Progenics Pharmaceuticals, Inc		118,128
	28,740	*	Pure Bioscience		57,767
	39,955	*	Questcor Pharmaceuticals, Inc		617,704
	37,586	*	Rigel Pharmaceuticals, Inc		252,766
	41,330	*	Salix Pharmaceuticals Ltd		1,693,291
	32,486	*	Sangamo Biosciences, Inc		248,843
	38,670	*	Santarus, Inc		126,258
	49,085	*	Savient Pharmaceuticals, Inc		453,055
	27,522	*	Sciclone Pharmaceuticals, Inc		107,886
	60,535	*	Seattle Genetics, Inc		992,169
	69,294	*	Sequenom, Inc		474,664
	24,552	*	SIGA Technologies, Inc		281,734
	25,962	*	Somaxon Pharmaceuticals, Inc		78,405
	35,709	*	Spectrum Pharmaceuticals, Inc		214,254
	95,871	*	StemCells, Inc		89,026
	8,144	*	Sucampo Pharmaceuticals, Inc (Class A)		35,182
	43,435	*	SuperGen, Inc		130,739
	16,832	*	Synta Pharmaceuticals Corp		83,992
	17,408	*	Targacept, Inc		448,430
	45,286	*	Theravance, Inc		952,817
	20,208	*	Vanda Pharmaceuticals, Inc		161,866
	54,365	*	Vical, Inc		108,186
	56,387	*	Viropharma, Inc		924,747
	58,589	*	Vivus, Inc		524,372
	22,113	*	Xenoport, Inc		174,250
	35,639	*	ZIOPHARM Oncology, Inc		207,954
	6,616	*	Zogenix, Inc		33,345
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		47,141,999
REAL ESTATE - 7.7%
	29,188		Acadia Realty Trust		539,394
	6,054		Agree Realty Corp		140,756
	1,496		Alexander’s, Inc		605,416
	47,334		American Campus Communities, Inc		1,530,782
	66,244		American Capital Agency Corp		1,900,539
	85,957		Anworth Mortgage Asset Corp		590,525
	12,209		Apollo Commercial Real Estate Finance, Inc		200,594
	29,365	*	Ashford Hospitality Trust, Inc		286,309
	30,425		Associated Estates Realty Corp		450,594
	6,572	*	Avatar Holdings, Inc		131,243
	94,912		BioMed Realty Trust, Inc		1,694,179
	21,941		Campus Crest Communities, Inc		289,621
	39,694		Capital Lease Funding, Inc		219,111
	50,796		Capstead Mortgage Corp		645,617
	100,145		CBL & Associates Properties, Inc		1,708,473
	37,939		Cedar Shopping Centers, Inc		229,531

189

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	5,982		Chatham Lodging Trust	$	98,942
	10,300		Chesapeake Lodging Trust		188,490
	29,878		Cogdell Spencer, Inc		180,762
	56,318		Colonial Properties Trust		1,080,742
	12,544		Colony Financial, Inc		253,389
	4,020		Consolidated-Tomoka Land Co		115,977
	13,640		Coresite Realty		196,007
	64,855		Cousins Properties, Inc		552,565
	9,381		CreXus Investment Corp		125,799
	36,616		Cypress Sharpridge Investments, Inc		477,839
	152,630		DCT Industrial Trust, Inc		845,570
	119,528	*	DiamondRock Hospitality Co		1,449,875
	29,709		DuPont Fabros Technology, Inc		680,930
	19,386		Dynex Capital, Inc		207,042
	19,565		EastGroup Properties, Inc		852,838
	52,101		Education Realty Trust, Inc		406,388
	33,761		Entertainment Properties Trust		1,554,019
	19,030		Equity Lifestyle Properties, Inc		1,082,426
	29,298		Equity One, Inc		546,408
	11,201		Excel Trust, Inc		143,149
	63,301		Extra Space Storage, Inc		1,217,278
	70,309	*	FelCor Lodging Trust, Inc		494,272
	46,062	*	First Industrial Realty Trust, Inc		470,754
	36,314		First Potomac Realty Trust		584,655
	26,486	*	Forestar Real Estate Group, Inc		494,229
	50,118		Franklin Street Properties Corp		751,269
	15,420		Getty Realty Corp		447,797
	6,418		Gladstone Commercial Corp		118,027
	72,103		Glimcher Realty Trust		635,227
	20,112		Government Properties Income Trust		520,901
	41,623		Hatteras Financial Corp		1,189,585
	45,202		Healthcare Realty Trust, Inc		949,242
	97,672		Hersha Hospitality Trust		643,658
	51,987		Highwoods Properties, Inc		1,703,614
	27,263		Home Properties, Inc		1,518,004
	10,030		Hudson Pacific Properties		147,240
	53,046		Inland Real Estate Corp		492,267
	35,984		Invesco Mortgage Capital, Inc		804,962
	54,281		Investors Real Estate Trust		485,272
	67,818	*	iStar Financial, Inc		537,797
	15,362	*	Kennedy-Wilson Holdings, Inc		162,069
	39,404		Kilroy Realty Corp		1,502,869
	37,615		Kite Realty Group Trust		198,607
	50,625		LaSalle Hotel Properties		1,405,856
	76,281		Lexington Corporate Properties Trust		646,100
	18,826		LTC Properties, Inc		514,703
	33,379	*	Maguire Properties, Inc		122,835
	80,586		Medical Properties Trust, Inc		884,834
	203,523		MFA Mortgage Investments, Inc		1,662,783
	23,878		Mid-America Apartment Communities, Inc		1,522,223
	14,162		Mission West Properties, Inc		97,151
	19,446		Monmouth Real Estate Investment Corp (Class A)		160,041

190

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	17,804		National Health Investors, Inc	$	814,177
	60,549		National Retail Properties, Inc		1,504,643
	44,613	*	Newcastle Investment Corp		298,907
	54,300		NorthStar Realty Finance Corp		281,817
	30,042		NRDC Acquisition Corp		294,261
	71,623		Omega Healthcare Investors, Inc		1,595,760
	6,444		One Liberty Properties, Inc		104,264
	15,194		Parkway Properties, Inc		256,779
	26,911		Pebblebrook Hotel Trust		553,290
	40,519		Pennsylvania Real Estate Investment Trust		553,490
	11,640		Pennymac Mortgage Investment Trust		215,689
	35,291		Post Properties, Inc		1,306,826
	29,068		Potlatch Corp		1,079,876
	13,478		PS Business Parks, Inc		784,554
	72,016		RAIT Investment Trust		182,200
	27,125		Ramco-Gershenson Properties		348,828
	56,414		Redwood Trust, Inc		844,518
	35,105		Resource Capital Corp		250,299
	18,176		Sabra Healthcare REIT, Inc		338,255
	4,603		Saul Centers, Inc		217,952
	19,998		Sovran Self Storage, Inc		768,723
	51,706		Starwood Property Trust, Inc		1,163,902
	102,077	*	Strategic Hotels & Resorts, Inc		562,444
	13,916		Sun Communities, Inc		460,898
	85,491	*	Sunstone Hotel Investors, Inc		872,863
	58,914		Tanger Factory Outlet Centers, Inc		1,538,245
	9,458	*	Tejon Ranch Co		248,935
	5,970	*	Terreno Realty Corp		106,445
	25,449	*	Thomas Properties Group, Inc		96,706
	29,197		Two Harbors Investment Corp		293,430
	7,771		UMH Properties, Inc		81,052
	8,346		Universal Health Realty Income Trust		303,377
	16,475		Urstadt Biddle Properties, Inc (Class A)		319,780
	67,699		U-Store-It Trust		653,972
	18,320		Walter Investment Management Corp		331,592
	46,585		Washington Real Estate Investment Trust		1,429,228
	16,122		Winthrop Realty Trust		198,301
			TOTAL REAL ESTATE		66,544,240
RETAILING - 3.8%
	22,563	*	1-800-FLOWERS.COM, Inc (Class A)		61,823
	33,468	*	99 Cents Only Stores		498,673
	6,793	*	America’s Car-Mart, Inc		169,417
	42,602	*	AnnTaylor Stores Corp		942,356
	21,063	*	Asbury Automotive Group, Inc		387,770
	13,181	*	Audiovox Corp (Class A)		94,640
	28,044		Barnes & Noble, Inc		441,693
	22,741		Bebe Stores, Inc		127,691
	15,138		Big 5 Sporting Goods Corp		191,950
	9,161	*	Blue Nile, Inc		520,803
	4,537	*	Body Central Corp		77,356
	8,305	*	Bon-Ton Stores, Inc/the		92,102

191

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,668		Books-A-Million, Inc	$	26,561
	36,600	*	Borders Group, Inc		26,718
	31,690		Brown Shoe Co, Inc		401,512
	19,011		Buckle, Inc		679,643
	12,730	*	Build-A-Bear Workshop, Inc		97,512
	29,168	*	Cabela’s, Inc		726,283
	31,277	*	Casual Male Retail Group, Inc		131,363
	20,196		Cato Corp (Class A)		493,590
	83,195	*	Charming Shoppes, Inc		258,736
	18,830	*	Children’s Place Retail Stores, Inc		788,789
	26,485		Christopher & Banks Corp		151,229
	10,705	*	Citi Trends, Inc		245,145
	44,107	*	Coldwater Creek, Inc		128,351
	46,917	*	Collective Brands, Inc		955,230
	13,244	*	Conn’s, Inc		58,538
	7,994	*	Core-Mark Holding Co, Inc		270,517
	3,608	*	Destination Maternity Corp		146,232
	29,229		Dillard’s, Inc (Class A)		1,160,977
	69,950	*	Drugstore.Com		123,462
	10,087	*	DSW, Inc (Class A)		335,796
	11,674		Express Parent LLC		203,128
	36,817		Finish Line, Inc (Class A)		566,614
	28,138		Fred’s, Inc (Class A)		377,893
	12,484		Gaiam, Inc (Class A)		95,253
	17,414	*	Genesco, Inc		646,582
	4,496	*	Gordmans Stores, Inc		67,125
	17,774		Group 1 Automotive, Inc		672,568
	12,650		Haverty Furniture Cos, Inc		152,306
	9,548	*	hhgregg, Inc		175,015
	20,895	*	Hibbett Sports, Inc		669,058
	31,060		Hot Topic, Inc		168,656
	28,199	*	HSN, Inc		794,083
	19,850	*	Jo-Ann Stores, Inc		1,197,551
	19,958	*	JOS A Bank Clothiers, Inc		852,805
	11,776	*	Kirkland’s, Inc		155,973
	15,869		Lithia Motors, Inc (Class A)		214,232
	15,843	*	Lumber Liquidators, Inc		442,653
	15,304	*	MarineMax, Inc		138,348
	38,129		Men’s Wearhouse, Inc		999,361
	11,058	*	Midas, Inc		78,622
	21,596		Monro Muffler, Inc		714,396
	19,723	*	New York & Co, Inc		110,252
	19,443		Nutri/System, Inc		368,639
	61,487	*	OfficeMax, Inc		988,096
	14,660	*	Orbitz Worldwide, Inc		75,206
	10,788	*	Overstock.com, Inc		160,957
	47,991	*	Pacific Sunwear Of California, Inc		204,442
	32,116	*	Penske Auto Group, Inc		542,760
	38,147		PEP Boys - Manny Moe & Jack		531,769
	16,514		PetMed Express, Inc		249,196
	75,796	*	Pier 1 Imports, Inc		710,209
	47,785		Rent-A-Center, Inc		1,421,126

192

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,665	*	Retail Ventures, Inc	$	251,308
	10,463	*	Rue21, Inc		308,659
	98,100	*	Saks, Inc		1,149,733
	68,499	*	Sally Beauty Holdings, Inc		901,447
	39,981	*	Select Comfort Corp		406,207
	6,366	*	Shoe Carnival, Inc		157,559
	19,453	*	Shutterfly, Inc		647,590
	28,690		Sonic Automotive, Inc (Class A)		357,191
	26,880		Stage Stores, Inc		416,640
	18,714		Stein Mart, Inc		146,624
	7,481		Systemax, Inc		102,190
	51,047	*	Talbots, Inc		278,717
	20,333	*	Tuesday Morning Corp		100,648
	22,797	*	Ulta Salon Cosmetics & Fragrance, Inc		844,401
	10,292	*	US Auto Parts Network, Inc		85,424
	10,003	*,m	Vitacost.com, Inc		57,017
	11,684	*	Vitamin Shoppe, Inc		370,733
	10,612	*	West Marine, Inc		135,727
	73,407	*	Wet Seal, Inc (Class A)		251,052
	1,668		Winmark Corp		56,428
	14,722	*	Zumiez, Inc		341,845
			TOTAL RETAILING		32,924,472
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.0%
	32,651	*	Advanced Analogic Technologies, Inc		129,951
	25,983	*	Advanced Energy Industries, Inc		401,307
	3,539	*	Alpha & Omega Semiconductor Lt		50,041
	76,135	*	Amkor Technology, Inc		619,739
	46,735	*	Anadigics, Inc		319,200
	47,374	*	Applied Micro Circuits Corp		466,160
	22,818	*	ATMI, Inc		470,051
	75,263	*	Axcelis Technologies, Inc		261,163
	22,409	*	AXT, Inc		242,689
	46,352	*	Brooks Automation, Inc		544,172
	17,147	*	Cabot Microelectronics Corp		773,501
	32,176	*	Cavium Networks, Inc		1,272,239
	15,191	*	Ceva, Inc		367,166
	16	*,m	China Energy Savings Technology, Inc		1
	50,150	*	Cirrus Logic, Inc		1,054,655
	16,948		Cohu, Inc		253,203
	62,570	*	Conexant Systems, Inc		130,771
	21,833	*	Cymer, Inc		1,060,865
	24,583	*	Diodes, Inc		632,766
	16,117	*	DSP Group, Inc		120,716
	36,030	*	Energy Conversion Devices, Inc		147,002
	95,169	*	Entegris, Inc		728,043
	47,201	*	Entropic Communications, Inc		517,795
	25,042	*	Evergreen Solar, Inc		56,345
	25,093	*	Exar Corp		161,097
	27,507	*	FEI Co		749,566
	35,969	*	Formfactor, Inc		307,535
	28,655	*	FSI International, Inc		119,778

193

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	14,331	*	GSI Technology, Inc	$	131,845
	45,466	*	GT Solar International, Inc		502,172
	19,871	*	Hittite Microwave Corp		1,187,888
	27,790	*	Ikanos Communications, Inc		33,348
	4,710	*	Inphi Corp		89,160
	111,147	*	Integrated Device Technology, Inc		709,118
	19,189	*	Integrated Silicon Solution, Inc		199,949
	17,632	*	IXYS Corp		199,771
	45,662	*	Kopin Corp		185,388
	50,231	*	Kulicke & Soffa Industries, Inc		489,752
	84,389	*	Lattice Semiconductor Corp		525,743
	35,326	*	LTX-Credence Corp		313,165
	38,259	*	Mattson Technology, Inc		87,613
	5,207	*	MaxLinear, Inc		58,110
	37,138		Micrel, Inc		497,278
	60,237	*	Microsemi Corp		1,354,731
	23,528	*	Mindspeed Technologies, Inc		165,167
	36,369	*	MIPS Technologies, Inc		451,703
	36,319	*	MKS Instruments, Inc		1,042,718
	23,067	*	Monolithic Power Systems, Inc		338,393
	22,426	*	MoSys, Inc		130,071
	12,976	*	Nanometrics, Inc		222,149
	45,399	*	Netlogic Microsystems, Inc		1,582,610
	3,428	*	NVE Corp		199,098
	40,368	*	Omnivision Technologies, Inc		1,042,705
	17,707	*	PDF Solutions, Inc		102,524
	17,565	*	Pericom Semiconductor Corp		176,177
	38,098	*	Photronics, Inc		251,066
	28,259	*	PLX Technology, Inc		90,853
	17,882		Power Integrations, Inc		660,382
	194,615	*	RF Micro Devices, Inc		1,307,813
	11,301	*	Rubicon Technology, Inc		203,531
	21,660	*	Rudolph Technologies, Inc		217,900
	45,077	*	Semtech Corp		984,256
	22,187	*	Sigma Designs, Inc		309,065
	56,125	*	Silicon Image, Inc		385,018
	11,000	*	Spansion, Inc		218,680
	16,412	*	Standard Microsystems Corp		394,709
	7,006	*	Supertex, Inc		160,507
	36,382	*	Tessera Technologies, Inc		630,136
	49,508	*	Trident Microsystems, Inc		73,767
	112,591	*	Triquint Semiconductor, Inc		1,481,699
	15,831	*	Ultra Clean Holdings		197,888
	17,312	*	Ultratech, Inc		390,126
	29,390	*	Veeco Instruments, Inc		1,271,411
	17,707	*	Volterra Semiconductor Corp		440,019
	37,054	*	Zoran Corp		351,642
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		33,996,331
SOFTWARE & SERVICES - 8.5%
	24,702	*	ACI Worldwide, Inc		654,356
	33,286	*	Actuate Corp		184,737

194

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	49,570	*	Acxiom Corp	$	854,091
	22,902	*	Advent Software, Inc		676,983
	16,797		American Software, Inc (Class A)		111,196
	13,786	*	Ancestry.com, Inc		490,782
	65,193	*	Ariba, Inc		1,831,271
	45,151	*	Aspen Technology, Inc		638,887
	32,483		Blackbaud, Inc		853,978
	24,728	*	Blackboard, Inc		960,930
	22,489	*	Bottomline Technologies, Inc		515,673
	5,460	*	BroadSoft, Inc		151,297
	21,928	*	CACI International, Inc (Class A)		1,216,785
	19,314	*	Cardtronics, Inc		330,076
	6,219		Cass Information Systems, Inc		225,439
	21,748	*,b	CDC Corp		69,159
	44,377	*	Ciber, Inc		202,359
	31,285	*	Commvault Systems, Inc		966,394
	11,206	*	Computer Task Group, Inc		132,567
	16,506	*	comScore, Inc		395,484
	29,196	*	Concur Technologies, Inc		1,489,872
	20,685	*	Constant Contact, Inc		578,973
	5,143	*	Convio, Inc		46,750
	24,641	*	CSG Systems International, Inc		479,267
	28,758	*	DealerTrack Holdings, Inc		568,402
	13,693	*	Deltek, Inc		97,357
	13,703	*	DemandTec, Inc		165,121
	11,726	*	Dice Holdings, Inc		153,142
	28,710	*	Digital River, Inc		911,254
	5,011	*	DMRC Corp		150,380
	78,040		Earthlink, Inc		665,681
	19,587	*	Ebix, Inc		441,687
	8,183	*	Echo Global Logistics, Inc		95,086
	5,250	*	Envestnet, Inc		74,813
	34,933	*	Epicor Software Corp		361,906
	23,650		EPIQ Systems, Inc		303,903
	3,143	*	ePlus, Inc		81,215
	35,496	*	Euronet Worldwide, Inc		649,222
	11,096	*	ExlService Holdings, Inc		211,490
	3,690	*	Eyeblaster, Inc		55,830
	30,210		Fair Isaac Corp		766,730
	23,264	*	FalconStor Software, Inc		84,332
	10,712		Forrester Research, Inc		381,776
	30,375	*	Fortinet, Inc		1,167,919
	38,387	*	Global Cash Access, Inc		117,080
	48,052	*	GSI Commerce, Inc		1,107,117
	10,635	*	Guidance Software, Inc		74,126
	22,552	*	Hackett Group, Inc		78,706
	27,013		Heartland Payment Systems, Inc		426,805
	17,562		iGate Corp		270,455
	26,107	*	Infospace, Inc		213,555
	13,216	*	Integral Systems, Inc		161,103
	9,262	*	Interactive Intelligence, Inc		303,145
	37,498	*	Internap Network Services Corp		273,360

195

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	26,343	*	Internet Capital Group, Inc	$	320,858
	32,773	*	j2 Global Communications, Inc		904,535
	61,973		Jack Henry & Associates, Inc		1,831,921
	31,710	*	JDA Software Group, Inc		957,008
	16,137	*	Kenexa Corp		334,681
	9,271		Keynote Systems, Inc		161,594
	20,293	*	KIT Digital, Inc		279,638
	20,879	*	Knot, Inc		231,339
	100,601	*	Lawson Software, Inc		945,649
	33,343	*	Limelight Networks, Inc		207,894
	43,965	*	Lionbridge Technologies		168,826
	10,128	*	Liquidity Services, Inc		144,527
	32,195	*	Liveperson, Inc		353,179
	12,630	*	Local.com Corp		51,278
	10,957	*	LogMeIn, Inc		422,173
	12,384	*	LoopNet, Inc		127,184
	47,059	*	Magma Design Automation, Inc		255,530
	16,473	*	Manhattan Associates, Inc		486,118
	16,120	*	Mantech International Corp (Class A)		648,105
	14,413		Marchex, Inc (Class B)		137,212
	12,674		MAXIMUS, Inc		859,931
	77,330	*	Mentor Graphics Corp		984,798
	6,071	*	MicroStrategy, Inc (Class A)		645,712
	32,806	*	ModusLink Global Solutions, Inc		201,101
	60,000	*	MoneyGram International, Inc		148,200
	16,280	*	Monotype Imaging Holdings, Inc		182,906
	3,610	*	Motricity, Inc		69,511
	112,602	*	Move, Inc		253,355
	4,471	*	NCI, Inc (Class A)		93,891
	22,232	*	Netscout Systems, Inc		509,557
	13,116	*	NetSuite, Inc		353,214
	39,819		NIC, Inc		407,348
	20,500	*	Online Resources Corp		137,760
	11,467	*	OpenTable, Inc		901,536
	62,725	*	Openwave Systems, Inc		127,332
	9,579		Opnet Technologies, Inc		273,864
	84,245	*	Parametric Technology Corp		1,872,766
	11,831		Pegasystems, Inc		404,384
	16,490	*	Perficient, Inc		192,768
	45,906	*	Progress Software Corp		1,314,748
	13,414	*	PROS Holdings, Inc		133,872
	4,513	*	QAD, Inc (Class A)		38,722
	840	*	QAD, Inc (Class B)		7,409
	9,553	*	QLIK Technologies, Inc		221,725
	43,529	*	Quest Software, Inc		1,123,919
	7,429	*	QuinStreet, Inc		167,227
	70,302	*	Rackspace Hosting, Inc		2,355,819
	24,228	*	Radiant Systems, Inc		442,161
	10,593	*	RealD, Inc		250,736
	60,627	*	RealNetworks, Inc		227,958
	10,890	*	RealPage, Inc		298,277
	10,013		Renaissance Learning, Inc		106,238

196

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	15,665	*	RightNow Technologies, Inc	$	406,193
	7,260	*	Rosetta Stone, Inc		136,561
	37,692	*	S1 Corp		242,736
	21,069	*	Saba Software, Inc		137,159
	74,763		Sapient Corp		893,418
	27,164	*	SAVVIS, Inc		835,836
	21,750	*	Smith Micro Software, Inc		274,485
	24,956	*	SolarWinds, Inc		471,668
	30,908	*	Sonic Solutions, Inc		450,793
	19,610	*	Sourcefire, Inc		482,602
	3,887	*	SPS Commerce, Inc		61,706
	31,092	*	SRA International, Inc (Class A)		829,535
	9,309	*	SRS Labs, Inc		94,300
	9,193	*	SS&C Technologies Holdings, Inc		166,118
	7,871		Stamps.com, Inc		100,119
	3,164	*	Stream Global Services, Inc		11,454
	45,614	*	SuccessFactors, Inc		1,328,280
	33,898	*	SupportSoft, Inc		187,795
	16,942	*	Synchronoss Technologies, Inc		482,169
	9,593		Syntel, Inc		535,002
	8,484	*	TA Indigo Holding Corp		171,716
	51,028	*	Take-Two Interactive Software, Inc		636,574
	28,805	*	Taleo Corp (Class A)		848,595
	10,689	*	TechTarget, Inc		78,564
	33,382	*	TeleCommunication Systems, Inc (Class A)		136,532
	5,615	*	TeleNav, Inc		58,958
	22,019	*	TeleTech Holdings, Inc		471,427
	42,571	*	Terremark Worldwide, Inc		806,295
	48,679	*	THQ, Inc		282,825
	120,553	*	TIBCO Software, Inc		2,649,754
	11,260	*	Tier Technologies, Inc		65,195
	83,613	*	TiVo, Inc		808,538
	18,604	*	TNS, Inc		328,919
	4,009	*	Travelzoo, Inc		188,423
	20,351	*	Tyler Technologies, Inc		422,283
	18,074	*	Ultimate Software Group, Inc		878,396
	30,844	*	Unisys Corp		873,811
	62,012		United Online, Inc		438,425
	58,896	*	Valueclick, Inc		825,133
	18,747	*	Vasco Data Security International		141,915
	61,965	*	VeriFone Holdings, Inc		2,474,881
	25,317		VirnetX Holding Corp		318,994
	9,961	*	Virtusa Corp		160,372
	11,843	*	Vocus, Inc		307,089
	58,010	*	Wave Systems Corp		221,598
	31,350	*	Websense, Inc		600,666
	28,152	*	Wright Express Corp		1,332,153
	39,970	*	Zix Corp		179,865
			TOTAL SOFTWARE & SERVICES		73,583,823
TECHNOLOGY HARDWARE & EQUIPMENT - 6.3%
	31,761	*	Acme Packet, Inc		1,708,106

197

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	45,113		Adtran, Inc	$	1,855,497
	14,051	*	Agilysys, Inc		80,512
	10,211	*	Anaren, Inc		209,734
	20,379		Anixter International, Inc		1,289,378
	91,912	*	Arris Group, Inc		1,147,062
	55,930	*	Aruba Networks, Inc		1,205,292
	20,914	*	Avid Technology, Inc		348,218
	7,229		Bel Fuse, Inc (Class B)		157,664
	45,670	*	Benchmark Electronics, Inc		867,273
	38,471	*	BigBand Networks, Inc		101,948
	12,513		Black Box Corp		440,332
	30,149	*	Blue Coat Systems, Inc		868,593
	36,009	*	Bookham, Inc		499,805
	50,291	*	Brightpoint, Inc		456,391
	5,147	*	Calix Networks, Inc		83,896
	28,611	*	Checkpoint Systems, Inc		591,389
	28,778		Cognex Corp		901,903
	18,332	*	Coherent, Inc		981,679
	16,998	*	Compellent Technologies, Inc		471,355
	20,706		Comtech Telecommunications Corp		581,010
	18,848	*	Comverge, Inc		116,858
	5,169	*	CPI International, Inc		100,279
	25,365	*	Cray, Inc		189,603
	23,770		CTS Corp		269,552
	24,150		Daktronics, Inc		368,771
	9,717		DDi Corp		109,462
	18,219	*	DG FastChannel, Inc		499,383
	18,150	*	Digi International, Inc		192,209
	12,696	*	DTS, Inc		569,035
	23,076	*	Echelon Corp		209,992
	12,092		Electro Rent Corp		178,478
	19,988	*	Electro Scientific Industries, Inc		333,200
	32,767	*	Electronics for Imaging, Inc		490,850
	10,643	*	EMS Technologies, Inc		195,086
	62,899	*	Emulex Corp		717,678
	66,384	*	Extreme Networks, Inc		217,740
	7,119	*	Fabrinet		170,500
	11,692	*	FARO Technologies, Inc		354,501
	58,704	*	Finisar Corp		1,954,842
	17,421	*	Gerber Scientific, Inc		132,922
	14,917	*	Globecomm Systems, Inc		141,115
	81,125	*	Harmonic, Inc		684,695
	43,398	*	Harris Stratex Networks, Inc (Class A)		225,236
	17,770	*	Hutchinson Technology, Inc		58,819
	33,204	*	Hypercom Corp		296,844
	21,477	*	Imation Corp		216,918
	21,045	*	Immersion Corp		124,376
	63,727	*	Infinera Corp		467,438
	33,601	*	Insight Enterprises, Inc		467,726
	31,891		InterDigital, Inc		1,535,551
	34,850	*	Intermec, Inc		395,896
	16,120	*	Intevac, Inc		221,650

198

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,847	*	IPG Photonics Corp	$	653,049
	23,944	*	Ixia		376,639
	10,410	*	KVH Industries, Inc		126,482
	55,674	*	L-1 Identity Solutions, Inc		664,191
	15,903		Littelfuse, Inc		815,506
	7,887	*	Loral Space & Communications, Inc		587,345
	18,895	*	Maxwell Technologies, Inc		340,110
	10,384	*	Measurement Specialties, Inc		279,745
	16,989	*	Mercury Computer Systems, Inc		320,752
	3,746	*	Meru Networks, Inc		67,391
	26,919		Methode Electronics, Inc		318,183
	72,639	*	Microvision, Inc		137,288
	11,200		MTS Systems Corp		419,048
	7,280	*	Multi-Fineline Electronix, Inc		210,392
	25,523	*	Netgear, Inc		884,500
	31,108	*	Network Engines, Inc		56,617
	22,844	*	Network Equipment Technologies, Inc		112,849
	26,767	*	Newport Corp		469,761
	22,837	*	Novatel Wireless, Inc		164,655
	9,883	*	Occam Networks, Inc		84,500
	13,744	*	Oplink Communications, Inc		340,576
	35,521	*	OpNext, Inc		66,069
	11,853	*	OSI Systems, Inc		450,295
	14,990		Park Electrochemical Corp		456,595
	7,451	*	PC Connection, Inc		65,941
	13,553	*	PC-Tel, Inc		98,259
	35,021		Plantronics, Inc		1,239,743
	29,265	*	Plexus Corp		791,326
	50,740	*	Power-One, Inc		542,918
	95,893	*	Powerwave Technologies, Inc		334,667
	19,130	*	Presstek, Inc		39,982
	155,410	*	Quantum Corp		418,053
	22,202	*	Rackable Systems, Inc		220,244
	17,433	*	Radisys Corp		147,483
	10,899		Richardson Electronics Ltd		141,033
	7,098	*	Rimage Corp		101,005
	91,454	*	Riverbed Technology, Inc		3,280,454
	20,498	*	Rofin-Sinar Technologies, Inc		801,472
	11,262	*	Rogers Corp		481,788
	57,603	*	Sanmina-SCI Corp		865,773
	19,464	*	Scansource, Inc		704,791
	20,021	*	Seachange International, Inc		165,774
	32,459	*	ShoreTel, Inc		246,039
	38,205	*	Smart Modular Technologies WWH, Inc		258,266
	149,126	*	Sonus Networks, Inc		410,097
	8,827	*	Spectrum Control, Inc		117,046
	29,529	*	STEC, Inc		605,048
	14,881	*	Stratasys, Inc		491,519
	17,730	*	Super Micro Computer, Inc		249,550
	13,873		Sycamore Networks, Inc		289,391
	30,539	*	Symmetricom, Inc		189,647
	24,545	*	Synaptics, Inc		698,550

199

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,312	*	SYNNEX Corp	$	544,658
	30,521		Technitrol, Inc		155,962
	49,532	*	Tekelec		568,380
	4,068		Tessco Technologies, Inc		46,863
	58,020	*	TTM Technologies, Inc		922,518
	21,844	*	Universal Display Corp		739,201
	81,341	*	Utstarcom, Inc		170,816
	24,088	*	Viasat, Inc		1,045,299
	2,998	*	Viasystems Group, Inc		60,650
	23,186	*	X-Rite, Inc		103,410
	21,552	*	Xyratex Ltd		287,288
	12,155	*	Zygo Corp		132,246
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		54,229,930
TELECOMMUNICATION SERVICES - 0.8%
	16,366		AboveNet, Inc		974,759
	32,142		Alaska Communications Systems Group, Inc		295,706
	6,736		Atlantic Tele-Network, Inc		251,590
	19,096	*	Cbeyond Communications, Inc		279,756
	148,071	*	Cincinnati Bell, Inc		422,002
	32,108	*	Cogent Communications Group, Inc		437,953
	17,694		Consolidated Communications Holdings, Inc		314,069
	36,210	*	FiberTower Corp		133,977
	29,234	*	General Communication, Inc (Class A)		354,024
	21,507	*	Global Crossing Ltd		286,688
	48,388	*	Globalstar, Inc		64,840
	6,440	*	Hughes Communications, Inc		392,969
	65,433	*	ICO Global Communications Holdings Ltd (Class A)		90,952
	10,188		IDT Corp (Class B)		234,630
	24,883	*	Iridium Communications, Inc		191,101
	23,980	*	Neutral Tandem, Inc		362,578
	21,642		NTELOS Holdings Corp		436,302
	92,914	*	PAETEC Holding Corp		367,010
	43,378	*	Premiere Global Services, Inc		270,245
	17,150		Shenandoah Telecom Co		286,920
	68	*,b,m	Touch America Holdings, Inc		0
	15,822		USA Mobility, Inc		270,240
	76,122	*	Vonage Holdings Corp		249,680
			TOTAL TELECOMMUNICATION SERVICES		6,967,991
TRANSPORTATION - 2.2%
	38,881	*	Air Transport Services Group, Inc		287,719
	98,072	*	Airtran Holdings, Inc		724,752
	25,974	*	Alaska Air Group, Inc		1,538,699
	11,164		Allegiant Travel Co		519,573
	6,213	*	Amerco, Inc		565,445
	18,430		Arkansas Best Corp		470,887
	18,749	*	Atlas Air Worldwide Holdings, Inc		952,638
	74,399	*	Avis Budget Group, Inc		1,029,682
	12,287		Baltic Trading Ltd		101,859
	14,067	*	Celadon Group, Inc		206,082
	20,767	*	Dollar Thrifty Automotive Group, Inc		1,007,615

200

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,971	*	Dynamex, Inc	$	173,508
	43,163	*	Eagle Bulk Shipping, Inc		176,537
	27,689	*	Excel Maritime Carriers Ltd		125,431
	21,052		Forward Air Corp		587,561
	20,069	*	Genco Shipping & Trading Ltd		231,998
	28,197	*	Genesee & Wyoming, Inc (Class A)		1,459,196
	37,243	*	Hawaiian Holdings, Inc		275,226
	36,736		Heartland Express, Inc		588,694
	23,032		Horizon Lines, Inc (Class A)		114,008
	27,121	*	Hub Group, Inc (Class A)		943,269
	4,307		International Shipholding Corp		107,933
	176,907	*	JetBlue Airways Corp		1,061,442
	43,157		Knight Transportation, Inc		822,572
	11,135		Marten Transport Ltd		237,287
	30,359	*	Old Dominion Freight Line		976,649
	25,845	*	Pacer International, Inc		161,531
	2,443	*	PAM Transportation Services, Inc		28,192
	5,856	*	Park-Ohio Holdings Corp		120,399
	3,033	*	Patriot Transportation Holding, Inc		85,743
	12,796	*	Pinnacle Airlines		92,259
	7,359	*	Quality Distribution, Inc		67,629
	16,773	*	RailAmerica, Inc		209,159
	34,748	*	Republic Airways Holdings, Inc		223,082
	7,386	*	Roadrunner Transportation Services Holdings, Inc		99,489
	11,420	*	Saia, Inc		163,420
	40,553		Skywest, Inc		610,323
	17,034	*	Ultrapetrol Bahamas Ltd		89,429
	4,016		Universal Truckload Services, Inc		59,838
	117,002	*	US Airways Group, Inc		1,160,660
	5,268	*	USA Truck, Inc		63,216
	31,335		Werner Enterprises, Inc		772,408
			TOTAL TRANSPORTATION		19,293,039
UTILITIES - 3.0%
	22,609		Allete, Inc		834,498
	13,039	*	American DG Energy, Inc		30,902
	13,482		American States Water Co		458,388
	4,373		Artesian Resources Corp		83,174
	39,900		Avista Corp		903,735
	28,373		Black Hills Corp		879,847
	8,462	*	Cadiz, Inc		99,936
	14,331		California Water Service Group		523,082
	9,298		Central Vermont Public Service Corp		199,628
	11,415		CH Energy Group, Inc		554,883
	6,850		Chesapeake Utilities Corp		267,835
	44,201		Cleco Corp		1,381,724
	5,753		Connecticut Water Service, Inc		140,776
	10,119		Consolidated Water Co, Inc		110,702
	73,120	*	Dynegy, Inc (Class A)		459,925
	31,783	*	El Paso Electric Co		856,552
	29,161		Empire District Electric Co		627,545
	35,008		Idacorp, Inc		1,308,249

201

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES		COMPANY	MATURITY DATE	VALUE
	16,169	Laclede Group, Inc		$	614,422
	16,782	MGE Energy, Inc			683,027
	10,708	Middlesex Water Co			190,388
	30,075	New Jersey Resources Corp			1,261,947
	32,908	Nicor, Inc			1,660,867
	19,346	Northwest Natural Gas Co			862,058
	26,258	NorthWestern Corp			741,526
	26,058	Otter Tail Corp			590,735
	52,774	Piedmont Natural Gas Co, Inc			1,480,838
	62,641	PNM Resources, Inc			816,212
	54,635	Portland General Electric Co			1,220,546
	9,329	SJW Corp			228,001
	21,741	South Jersey Industries, Inc			1,135,750
	33,040	Southwest Gas Corp			1,230,410
	36,644	UIL Holdings Corp			1,106,282
	26,196	Unisource Energy Corp			938,079
	7,542	Unitil Corp			165,924
	36,871	WGL Holdings, Inc			1,329,568
	8,324	York Water Co			140,426
		TOTAL UTILITIES			26,118,387
		TOTAL COMMON STOCKS			857,426,405
		(Cost $745,980,885)

RIGHTS / WARRANTS - 0.0%
CAPITAL GOODS - 0.0%
	4	m	GreenHunter Energy, Inc	0
			TOTAL CAPITAL GOODS	0
			TOTAL RIGHTS / WARRANTS	0
			(Cost $0)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.5%
	$  4,280,000	Federal Home Loan Bank	02/01/11		4,280,000
					4,280,000
		TOTAL SHORT-TERM INVESTMENTS			4,280,000
		(Cost $4,280,000)
		TOTAL INVESTMENTS - 100.2%			861,706,405
		(Cost $750,260,885)
		OTHER ASSETS & LIABILITIES, NET - (0.2)%			(2,046,780)
		NET ASSETS - 100.0%		$	859,659,625

	Abbreviation(s):
	REIT - Real Estate Investment Trust
*	Non-income producing.
b	In bankruptcy.
d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.
m	Indicates a security that has been deemed illiquid.

202

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
ARGENTINA - 0.1%
	99,077		Tenaris S.A.	$	2,320,212
			TOTAL ARGENTINA		2,320,212
AUSTRALIA - 8.3%
	92,200		AGL Energy Ltd		1,371,009
	535,770		Alumina Ltd		1,283,907
	259,772		Amcor Ltd		1,784,992
	434,519		AMP Ltd		2,322,969
	597,679	*	Asciano Group		960,613
	542,787		Australia & New Zealand Banking Group Ltd		12,863,888
	35,140		Australian Stock Exchange Ltd		1,311,695
	226,888		AXA Asia Pacific Holdings Ltd		1,456,822
	81,090		Bendigo Bank Ltd		792,375
	710,613		BHP Billiton Ltd		31,614,186
	39,566		Billabong International Ltd		321,385
	392,369		BlueScope Steel Ltd		835,472
	161,469		Boral Ltd		776,125
	304,075		Brambles Ltd		2,182,206
	30,872		Caltex Australia Ltd		414,127
	441,261		CFS Gandel Retail Trust		797,574
	119,134		Coca-Cola Amatil Ltd		1,334,690
	11,402		Cochlear Ltd		877,072
	328,302		Commonwealth Bank of Australia		17,227,906
	91,300		Computershare Ltd		919,415
	94,481		Crown Ltd		811,181
	117,753		CSL Ltd		4,380,816
	338,637		CSR Ltd		544,019
	967,322		DB RREEF Trust		802,617
	265,270	*	Fortescue Metals Group Ltd		1,696,651
	405,186		Foster’s Group Ltd		2,285,288
	268,471		Goodman Fielder Ltd		337,535
	371,666		GPT Group (ASE)		1,096,508
	100,664		Harvey Norman Holdings Ltd		302,555
	349,979		Incitec Pivot Ltd		1,507,137
	447,337		Insurance Australia Group Ltd		1,706,162
	92,696	*	James Hardie Industries NV		580,518
	462,476		John Fairfax Holdings Ltd		623,074
	29,099		Leighton Holdings Ltd		916,989
	108,952		Lend Lease Corp Ltd		960,823
	39,827		MacArthur Coal Ltd		496,812
	90,460		Macquarie Airports		270,082
	1,215,987		Macquarie Goodman Group		808,191
	72,198	*	Macquarie Group Ltd		2,937,143
	169,029		Metcash Ltd		708,953

203

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	758,258		Mirvac Group	$	940,031
	452,525		National Australia Bank Ltd		11,165,894
	162,537		Newcrest Mining Ltd		6,020,094
	281,732		OneSteel Ltd		768,020
	76,706		Orica Ltd		1,941,722
	184,142		Origin Energy Ltd		3,020,177
	665,635		Oxiana Ltd		1,087,831
	146,805	*	Paladin Resources Ltd		718,799
	233,286	*	Qantas Airways Ltd		560,014
	217,028		QBE Insurance Group Ltd		3,795,197
	375,745	*	QR National Ltd		1,048,456
	31,269		Ramsay Health Care Ltd		533,311
	92,512		Rio Tinto Ltd		7,787,071
	174,687		Santos Ltd		2,358,989
	34,975		Sims Group Ltd		675,698
	79,537		Sonic Healthcare Ltd		946,468
	222,846		SP AusNet		195,695
	497,146		Stockland Trust Group		1,786,521
	268,867		Suncorp-Metway Ltd		2,316,825
	142,278		TABCORP Holdings Ltd		988,420
	276,586		Tattersall’s Ltd		684,222
	913,372		Telstra Corp Ltd		2,555,369
	145,566		Toll Holdings Ltd		854,780
	268,085		Transurban Group		1,389,944
	213,496		Wesfarmers Ltd		7,265,927
	32,045		Wesfarmers Ltd PPS		1,104,347
	459,468		Westfield Group		4,522,052
	633,893	*	WESTFIELD RETAIL TRUST		1,674,021
	633,777		Westpac Banking Corp		14,577,808
	133,047		Woodside Petroleum Ltd		5,538,067
	261,464		Woolworths Ltd		6,956,238
	40,554		WorleyParsons Ltd		1,121,839
			TOTAL AUSTRALIA		202,121,329
AUSTRIA - 0.3%
	40,745		Erste Bank der Oesterreichischen Sparkassen AG.		2,035,721
	216,650	*	IMMOFINANZ Immobilien Anlagen AG.		954,076
	13,501		Oest Elektrizitatswirts AG. (Class A)		539,919
	31,153		OMV AG.		1,380,301
	9,869		Raiffeisen International Bank Holding AG.		580,233
	69,956		Telekom Austria AG.		962,953
	23,465		Voestalpine AG.		1,052,702
	8,707		Wiener Staedtische Allgemeine Versicherung AG.		472,669
			TOTAL AUSTRIA		7,978,574
BELGIUM - 0.9%
	7,833		Bekaert S.A.		783,972
	32,149		Belgacom S.A.		1,154,631
	15,866		Colruyt S.A.		811,125
	21,504		Delhaize Group		1,692,277
	112,495	*	Dexia		469,939
	493,491		Fortis		1,398,309

204

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	16,277		Groupe Bruxelles Lambert S.A.	$	1,465,119
	152,852		InBev NV		8,433,932
	33,404	*	KBC Groep NV		1,337,235
	5,187		Mobistar S.A.		323,705
	5,040		Nationale A Portefeuille		278,362
	12,846		Solvay S.A.		1,342,045
	21,100		UCB S.A.		755,036
	24,430		Umicore		1,251,945
			TOTAL BELGIUM		21,497,632
CHINA - 0.1%
	775,500		BOC Hong Kong Holdings Ltd		2,512,519
			TOTAL CHINA		2,512,519
CYPRUS - 0.0%
	185,065		Bank of Cyprus Public Co Ltd		783,526
			TOTAL CYPRUS		783,526
DENMARK - 1.0%
	114		AP Moller - Maersk AS (Class A)		1,073,810
	276		AP Moller - Maersk AS (Class B)		2,688,548
	22,432		Carlsberg AS (Class B)		2,230,161
	5,059		Coloplast AS (Class B)		735,560
	95,220	*	Danske Bank AS		2,553,575
	45,563		DSV AS		951,756
	88,816		Novo Nordisk AS (Class B)		9,999,774
	9,975		Novozymes AS (B Shares)		1,382,416
	5,020		TrygVesta AS		272,698
	42,320	*	Vestas Wind Systems AS		1,451,784
	5,677	*	William Demant Holding		454,681
			TOTAL DENMARK		23,794,763
FINLAND - 1.1%
	29,302		Elisa Oyj (Series A)		644,867
	93,031		Fortum Oyj		2,862,641
	14,391		Kesko Oyj (B Shares)		691,560
	33,141		Kone Oyj (Class B)		1,806,014
	26,584		Metso Oyj		1,419,556
	28,479		Neste Oil Oyj		537,844
	794,910		Nokia Oyj		8,478,931
	22,778		Nokian Renkaat Oyj		820,995
	25,105		OKO Bank (Class A)		334,817
	21,453		Orion Oyj (Class B)		484,819
	29,777		Outokumpu Oyj		554,658
	16,042		Rautaruukki Oyj		400,346
	88,260		Sampo Oyj (A Shares)		2,602,261
	19,804		Sanoma-WSOY Oyj		463,016
	120,366		Stora Enso Oyj (R Shares)		1,431,827
	108,400		UPM-Kymmene Oyj		2,231,776
	15,958		Wartsila Oyj (B Shares)		1,233,085
			TOTAL FINLAND		26,999,013

205

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
FRANCE - 9.2%
	31,735		Accor S.A.	$	1,449,875
	35,572	*	Accor Services		850,605
	6,443		Aeroports de Paris		541,252
	27,765	*	Air France-KLM		506,895
	60,069		Air Liquide		7,493,822
	504,568	*	Alcatel S.A.		1,681,433
	43,428		Alstom RGPT		2,423,685
	10,066	*	Atos Origin S.A.		560,039
	364,749		AXA S.A.		7,719,461
	2,121		BioMerieux		231,230
	202,820		BNP Paribas		15,138,188
	48,938		Bouygues S.A.		2,272,091
	10,339		Bureau Veritas S.A.		749,618
	30,711		Cap Gemini S.A.		1,545,005
	127,408		Carrefour S.A.		6,228,752
	11,506		Casino Guichard Perrachon S.A.		1,123,542
	13,419		Christian Dior S.A.		1,841,678
	29,395		CNP Assurances		649,080
	83,330		Compagnie de Saint-Gobain		4,806,868
	30,947	*	Compagnie Generale de Geophysique S.A.		937,396
	42,310		Compagnie Generale d’Optique Essilor International S.A.		2,828,741
	207,721		Credit Agricole S.A.		3,065,446
	12,228		Dassault Systemes S.A.		960,107
	9,219		Eiffage S.A.		473,724
	54,331		Electricite de France		2,393,283
	1,010		Eramet		358,752
	6,415		Eurazeo		472,277
	20,982		Eutelsat Communications		765,354
	5,883		Fonciere Des Regions		591,952
	393,583		France Telecom S.A.		8,584,093
	262,467		Gaz de France		10,396,286
	4,273		Gecina S.A.		510,388
	123,825		Groupe Danone		7,444,429
	98,652		Groupe Eurotunnel S.A.		958,579
	2,527		Hermes International		508,923
	4,735		ICADE		513,561
	3,101		Iliad S.A.		329,547
	8,480		Imerys S.A.		558,531
	15,185	*	JC Decaux S.A.		485,332
	19,537		Klepierre		710,823
	41,926		Lafarge S.A.		2,488,226
	24,668		Lagardere S.C.A.		1,096,562
	31,859		Legrand S.A.		1,282,677
	51,073		L’Oreal S.A.		5,924,553
	51,973		LVMH Moet Hennessy Louis Vuitton S.A.		8,110,303
	12,399		M6-Metropole Television		302,465
	37,385		Michelin (C.G.D.E.) (Class B)		2,720,705
	186,822	*	Natixis		992,075
	6,739		Neopost S.A.		609,642
	23,318		PagesJaunes Groupe S.A.		239,154

206

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	42,376		Pernod-Ricard S.A.	$	4,030,329
	33,319	*	Peugeot S.A.		1,393,195
	15,874		PPR		2,532,369
	25,576		Publicis Groupe S.A.		1,315,682
	40,266	*	Renault S.A.		2,632,216
	34,838		Safran S.A.		1,258,676
	222,319		Sanofi-Aventis		15,193,882
	51,460		Schneider Electric S.A.		8,011,992
	37,054		SCOR		1,025,323
	6,012		Societe BIC S.A.		516,269
	134,400		Societe Generale		8,681,307
	26,982		Societe Television Francaise 1		523,409
	18,999		Sodexho Alliance S.A.		1,306,354
	56,031		Suez Environnement S.A.		1,157,289
	20,486		Technip S.A.		1,990,204
	17,521		Thales S.A.		650,925
	447,093		Total S.A.		26,162,227
	19,134		Unibail		3,653,024
	23,193		Vallourec		2,520,640
	73,222		Veolia Environnement		2,290,408
	91,927		Vinci S.A.		5,307,636
	258,724		Vivendi Universal S.A.		7,396,182
			TOTAL FRANCE		224,976,543
GERMANY - 8.2%
	43,616		Adidas-Salomon AG.		2,714,325
	96,261		Allianz AG.		13,380,978
	2,969		Axel Springer AG.		471,947
	194,722		BASF AG.		14,990,480
	175,355		Bayer AG.		12,948,109
	70,440		Bayerische Motoren Werke AG.		5,406,065
	11,193		Bayerische Motoren Werke AG. (Preference)		583,525
	21,018		Beiersdorf AG.		1,151,648
	5,679	*	Brenntag AG.		538,214
	17,553		Celesio AG.		443,315
	145,845	*	Commerzbank AG.		1,114,002
	10,872	*	Continental AG.		856,349
	191,272	*	DaimlerChrysler AG. (EUR)		13,991,608
	197,533		Deutsche Bank AG.		11,680,134
	40,753		Deutsche Boerse AG.		3,088,767
	48,056		Deutsche Lufthansa AG.		1,009,722
	176,691		Deutsche Post AG.		3,245,329
	601,904		Deutsche Telekom AG.		8,024,077
	381,921		E.ON AG.		12,741,705
	6,578		Fraport AG. Frankfurt Airport Services Worldwide		464,030
	40,529		Fresenius Medical Care AG.		2,371,030
	23,450		Fresenius SE		2,048,492
	35,100		GEA Group AG.		1,000,819
	12,028		Hannover Rueckversicherung AG.		672,706
	29,891		HeidelbergCement AG.		1,955,981
	28,599		Henkel KGaA		1,472,067
	37,324		Henkel KGaA (Preference)		2,270,926

207

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	10,055		Hochtief AG.	$	888,674
	228,366	*	Infineon Technologies AG.		2,419,136
	30,480		K+S AG.		2,254,705
	10,793	*	Kabel Deutschland Holding AG.		543,791
	18,059		Lanxess AG.		1,313,133
	35,512		Linde AG.		5,177,556
	22,089		MAN AG.		2,557,264
	13,455		Merck KGaA		1,151,370
	27,297		Metro AG.		1,923,102
	40,213		Muenchener Rueckver AG.		6,303,671
	18,647		Porsche AG.		1,740,217
	18,119		ProSiebenSat.1 Media AG.		557,434
	955		Puma AG. Rudolf Dassler Sport		298,642
	87,776		RWE AG.		6,330,547
	8,379		RWE AG. (Preference)		580,324
	8,860		Salzgitter AG.		718,229
	182,098		SAP AG.		10,534,840
	174,351		Siemens AG.		22,350,673
	15,650		Suedzucker AG.		418,563
	69,569		ThyssenKrupp AG.		2,819,705
	33,665	*	TUI AG.		464,553
	27,984		United Internet AG.		464,529
	6,156		Volkswagen AG.		936,525
	36,183		Volkswagen AG. (Preference)		5,853,824
	3,086		Wacker Chemie AG.		557,759
			TOTAL GERMANY		199,795,116
GREECE - 0.3%
	118,629	*	Alpha Bank S.A.		695,959
	38,596		Coca Cola Hellenic Bottling Co S.A.		1,135,731
	78,433	*	EFG Eurobank Ergasias S.A.		460,203
	53,599		Hellenic Telecommunications Organization S.A.		553,076
	201,388	*	National Bank of Greece S.A.		1,956,118
	48,879		OPAP S.A.		986,720
	27,318		Public Power Corp		445,903
			TOTAL GREECE		6,233,710
HONG KONG - 2.7%
	1,671,600	*	AIA Group Ltd		4,598,875
	41,200		ASM Pacific Technology		494,235
	328,126		Bank of East Asia Ltd		1,430,334
	268,000		Cathay Pacific Airways Ltd		677,861
	291,000		Cheung Kong Holdings Ltd		4,832,249
	104,000		Cheung Kong Infrastructure Holdings Ltd		495,248
	404,000		CLP Holdings Ltd		3,279,065
	241,432		Esprit Holdings Ltd		1,151,037
	161,000		Hang Lung Group Ltd		1,020,017
	513,000		Hang Lung Properties Ltd		2,259,419
	160,400		Hang Seng Bank Ltd		2,653,559
	231,408		Henderson Land Development Co Ltd		1,614,710
	905,121		Hong Kong & China Gas Ltd		2,054,378
	293,500		Hong Kong Electric Holdings Ltd		1,859,632

208

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	214,700		Hong Kong Exchanges and Clearing Ltd	$	4,947,052
	136,540		Hopewell Holdings		443,829
	453,000		Hutchison Whampoa Ltd		5,304,361
	134,492		Hysan Development Co Ltd		645,042
	148,623		Kerry Properties Ltd		797,458
	477,300		Li & Fung Ltd		3,108,808
	122,000		Lifestyle International Holdings Ltd		304,666
	488,494		Link Real Estate Investment Trust		1,536,179
	594,000	*	Mongolia Energy Co ltd		167,872
	311,643		MTR Corp		1,144,727
	535,959		New World Development Ltd		1,023,733
	634,890		Noble Group Ltd		1,091,381
	235,383		NWS Holdings Ltd		399,268
	49,300		Orient Overseas International Ltd		497,090
	751,000		PCCW Ltd		355,799
	312,947		Shangri-La Asia Ltd		820,157
	566,823		Sino Land Co		1,079,548
	365,000		SJM Holdings Ltd		613,853
	300,000		Sun Hung Kai Properties Ltd		5,041,654
	160,500		Swire Pacific Ltd (Class A)		2,538,836
	288,875		Wharf Holdings Ltd		2,196,660
	191,000		Wheelock & Co Ltd		778,048
	39,500		Wing Hang Bank Ltd		533,077
	162,000		Yue Yuen Industrial Holdings		557,651
			TOTAL HONG KONG		64,347,368
INDIA - 0.0%
	24,889		Vedanta Resources plc		905,909
			TOTAL INDIA		905,909
IRELAND - 0.3%
	67,097	*,m	Anglo Irish Bank Corp plc		19,935
	603,350	*	Bank of Ireland		251,429
	152,306		CRH plc		3,278,383
	92,837	*	Elan Corp plc		628,164
	30,143		Kerry Group plc (Class A)		976,868
	41,178		Ryanair Holdings plc		205,278
	7,728		Ryanair Holdings plc (ADR)		236,168
	117,699		Shire Ltd		3,105,523
			TOTAL IRELAND		8,701,748
ISRAEL - 0.8%
	208,157	*	Bank Hapoalim Ltd		943,648
	242,884		Bank Leumi Le-Israel		1,096,375
	360,837		Bezeq Israeli Telecommunication Corp Ltd		962,723
	9,768		Cellcom Israel Ltd		294,433
	763		Delek Group Ltd		171,696
	4,808		Elbit Systems Ltd		243,730
	94,861		Israel Chemicals Ltd		1,493,334
	519	*	Israel Corp Ltd		595,881
	152,452	*	Israel Discount Bank Ltd		303,234
	58,941		Makhteshim-Agan Industries Ltd		286,884

209

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	29,881		Mizrahi Tefahot Bank Ltd	$	284,011
	15,173	*	Nice Systems Ltd		494,139
	16,698		Partner Communications		318,018
	197,858		Teva Pharmaceutical Industries Ltd		10,792,785
			TOTAL ISRAEL		18,280,891
ITALY - 2.7%
	190,507		A2A S.p.A.		283,032
	244,543		Assicurazioni Generali S.p.A.		5,333,594
	24,708	*	Autogrill S.p.A.		355,453
	50,538		Autostrade S.p.A.		1,150,251
	146,164		Banca Carige S.p.A.		345,786
	1,643,425		Banca Intesa S.p.A.		5,473,025
	185,364		Banca Intesa S.p.A. RSP		534,689
	475,860		Banca Monte dei Paschi di Siena S.p.A.		604,705
	132,041		Banche Popolari Unite Scpa		1,367,679
	291,200		Banco Popolare Scarl		1,034,868
	350,724	*	Enel Green Power S.p.A		778,394
	1,398,878		Enel S.p.A.		7,897,436
	552,087		ENI S.p.A.		13,071,249
	12,008		Exor S.p.A.		370,417
	161,367	*	FIAT Industrial SpA		2,183,949
	163,348		Fiat S.p.A.		1,585,139
	85,276		Finmeccanica S.p.A.		1,152,095
	24,777		Luxottica Group S.p.A.		751,092
	146,488		Mediaset S.p.A.		952,792
	101,202		Mediobanca S.p.A.		1,022,450
	360,144		Parmalat S.p.A.		1,141,434
	57,563		Pirelli & C S.p.A.		439,869
	41,280		Prysmian S.p.A.		833,591
	55,361		Saipem S.p.A.		2,766,116
	310,464		Snam Rete Gas S.p.A.		1,628,501
	1,261,820		Telecom Italia RSP		1,502,407
	1,961,250		Telecom Italia S.p.A.		2,786,056
	279,118		Terna Rete Elettrica Nazionale S.p.A.		1,219,087
	2,865,984		UniCredito Italiano S.p.A.		7,106,446
			TOTAL ITALY		65,671,602
JAPAN - 21.3%
	66,000		77 Bank Ltd		357,830
	7,700		ABC-Mart, Inc		279,499
	35,100		Advantest Corp		719,388
	127,600		Aeon Co Ltd		1,605,444
	15,000		Aeon Credit Service Co Ltd		210,061
	18,000		Aeon Mall Co Ltd		471,935
	28,000		Air Water, Inc		367,757
	38,900	*	Aisin Seiki Co Ltd		1,477,692
	134,000		Ajinomoto Co, Inc		1,485,351
	8,000		Alfresa Holdings Corp		330,214
	192,000	*	All Nippon Airways Co Ltd		703,897
	76,000		Amada Co Ltd		663,468
	138,000		Aozora Bank Ltd		304,251

210

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	83,000		Asahi Breweries Ltd	$	1,558,253
	210,000		Asahi Glass Co Ltd		2,622,473
	269,000		Asahi Kasei Corp		1,836,850
	35,000		Asics Corp		465,952
	93,100		Astellas Pharma, Inc		3,556,692
	68,000		Bank of Kyoto Ltd		628,892
	250,000		Bank of Yokohama Ltd		1,252,452
	15,900		Benesse Corp		712,600
	136,300		Bridgestone Corp		2,619,529
	50,100		Brother Industries Ltd		766,349
	17,900	*	Canon Marketing Japan, Inc		256,999
	240,400		Canon, Inc		11,833,382
	55,300		Casio Computer Co Ltd		413,591
	315		Central Japan Railway Co		2,660,418
	159,000		Chiba Bank Ltd		991,080
	38,000		Chiyoda Corp		338,027
	135,700		Chubu Electric Power Co, Inc		3,391,072
	46,258		Chugai Pharmaceutical Co Ltd		853,282
	32,000		Chugoku Bank Ltd		383,762
	64,800		Chugoku Electric Power Co, Inc		1,341,925
	53,300		Citizen Watch Co Ltd		345,411
	11,300		Coca-Cola West Japan Co Ltd		206,176
	117,000		Cosmo Oil Co Ltd		378,510
	32,300		Credit Saison Co Ltd		552,340
	120,000		Dai Nippon Printing Co Ltd		1,642,026
	54,000		Daicel Chemical Industries Ltd		392,783
	59,000	*	Daido Steel Co Ltd		372,524
	41,000	*	Daihatsu Motor Co Ltd		679,027
	1,674		Dai-ichi Mutual Life Insurance Co		2,630,007
	140,900		Daiichi Sankyo Co Ltd		3,062,650
	50,000		Daikin Industries Ltd		1,732,544
	31,400		Dainippon Sumitomo Pharma Co Ltd		282,206
	15,800		Daito Trust Construction Co Ltd		1,109,835
	98,000		Daiwa House Industry Co Ltd		1,197,343
	347,000	*	Daiwa Securities Group, Inc		1,716,886
	16,700		Dena Co Ltd		604,914
	107,000		Denki Kagaku Kogyo KK		522,596
	102,000		Denso Corp		3,762,801
	34,600		Dentsu, Inc		1,056,112
	50,000		Dowa Holdings Co Ltd		352,125
	71,300		East Japan Railway Co		4,709,635
	53,500		Eisai Co Ltd		1,854,957
	25,900		Electric Power Development Co		802,834
	38,800	*	Elpida Memory, Inc		563,258
	14,500		FamilyMart Co Ltd		539,255
	40,700	*	Fanuc Ltd		6,440,729
	11,200		Fast Retailing Co Ltd		1,635,767
	138,000	*	Fuji Electric Holdings Co Ltd		445,271
	96,600		Fuji Folms Holdings Corp		3,496,350
	130,000	*	Fuji Heavy Industries Ltd		1,113,200
	124		Fuji Television Network, Inc		192,573
	388,000		Fujitsu Ltd		2,417,374

211

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	164,000		Fukuoka Financial Group, Inc	$	703,066
	130,000		Furukawa Electric Co Ltd		580,084
	25,600	*	Gree, Inc		411,012
	87,000		GS Yuasa Corp		609,390
	90,000		Gunma Bank Ltd		517,637
	87,000		Hachijuni Bank Ltd		497,947
	4,970		Hakuhodo DY Holdings, Inc		283,653
	15,500		Hamamatsu Photonics KK		568,145
	247,000		Hankyu Hanshin Holdings, Inc		1,144,561
	64,000	*	Hino Motors Ltd		361,096
	6,600		Hirose Electric Co Ltd		709,116
	94,000		Hiroshima Bank Ltd		400,877
	14,000		Hisamitsu Pharmaceutical Co, Inc		564,609
	19,800		Hitachi Chemical Co Ltd		449,128
	21,300		Hitachi Construction Machinery Co Ltd		502,807
	14,200		Hitachi High-Technologies Corp		351,330
	944,000	*	Hitachi Ltd		5,164,549
	35,000		Hitachi Metals Ltd		411,573
	38,400		Hokkaido Electric Power Co, Inc		798,227
	275,000		Hokuhoku Financial Group, Inc		556,481
	37,200		Hokuriku Electric Power Co		906,909
	343,900		Honda Motor Co Ltd		14,822,844
	91,100	*	Hoya Corp		2,149,102
	27,600	*	Ibiden Co Ltd		934,245
	4,900		Idemitsu Kosan Co Ltd		516,429
	453		Inpex Holdings, Inc		2,911,021
	79,280		Isetan Mitsukoshi Holdings Ltd		890,736
	267,000		Ishikawajima-Harima Heavy Industries Co Ltd		606,069
	248,000	*	Isuzu Motors Ltd		1,170,471
	12,300		Ito En Ltd		212,230
	314,100		Itochu Corp		3,418,858
	6,300		Itochu Techno-Science Corp		219,547
	54,000		Iyo Bank Ltd		460,336
	104,400		J Front Retailing Co Ltd		541,239
	5,600		Japan Petroleum Exploration Co		227,906
	150		Japan Prime Realty Investment Corp		402,490
	101		Japan Real Estate Investment Corp		1,011,737
	336	*	Japan Retail Fund Investment Corp		617,309
	67,000		Japan Steel Works Ltd		702,754
	942		Japan Tobacco, Inc		3,543,643
	95,800		JFE Holdings, Inc		3,083,644
	44,000		JGC Corp		1,076,154
	141,000		Joyo Bank Ltd		623,507
	51,000		JS Group Corp		1,114,571
	37,200		JSR Corp		766,973
	44,800		JTEKT Corp		561,733
	541		Jupiter Telecommunications Co		553,273
	468,500	*	JX Holdings, Inc		3,175,318
	171,000		Kajima Corp		451,430
	56,000		Kamigumi Co Ltd		470,253
	57,000		Kaneka Corp		398,222
	161,200		Kansai Electric Power Co, Inc		3,985,398

212

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	41,000		Kansai Paint Co Ltd	$	421,789
	112,800		Kao Corp		2,950,495
	299,000		Kawasaki Heavy Industries Ltd		1,067,635
	147,000	*	Kawasaki Kisen Kaisha Ltd		614,831
	610		KDDI Corp		3,433,839
	103,000		Keihin Electric Express Railway Co Ltd		881,908
	120,000		Keio Corp		806,745
	66,000		Keisei Electric Railway Co Ltd		446,890
	8,600		Keyence Corp		2,287,939
	32,000		Kikkoman Corp		346,890
	26,000		Kinden Corp		232,935
	356,000		Kintetsu Corp		1,098,868
	175,000		Kirin Brewery Co Ltd		2,358,358
	531,000		Kobe Steel Ltd		1,302,454
	20,000	*	Koito Manufacturing Co Ltd		346,238
	198,700		Komatsu Ltd		5,926,686
	18,000		Konami Corp		360,363
	100,500		Konica Minolta Holdings, Inc		971,211
	244,000		Kubota Corp		2,485,010
	69,800		Kuraray Co Ltd		981,302
	23,800		Kurita Water Industries Ltd		744,618
	33,900		Kyocera Corp		3,536,593
	49,000		Kyowa Hakko Kogyo Co Ltd		501,298
	80,200		Kyushu Electric Power Co, Inc		1,802,975
	13,800		Lawson, Inc		688,368
	6,300		Mabuchi Motor Co Ltd		310,499
	23,200	*	Makita Corp		1,004,453
	344,000		Marubeni Corp		2,589,951
	54,700		Marui Co Ltd		462,957
	10,900		Maruichi Steel Tube Ltd		240,782
	23,800		Matsui Securities Co Ltd		158,175
	411,200		Matsushita Electric Industrial Co Ltd		5,651,801
	309,000		Mazda Motor Corp		914,199
	16,600		McDonald’s Holdings Co Japan Ltd		404,806
	31,100		Mediceo Paltac Holdings Co Ltd		324,162
	13,700		MEIJI Holdings Co Ltd		621,447
	151,800		Millea Holdings, Inc		4,522,683
	80,000		Minebea Co Ltd		475,123
	13,400		Miraca Holdings, Inc		512,341
	270,500		Mitsubishi Chemical Holdings Corp		1,885,235
	287,300		Mitsubishi Corp		8,020,507
	404,000		Mitsubishi Electric Corp		4,465,304
	247,000		Mitsubishi Estate Co Ltd		4,668,914
	83,000		Mitsubishi Gas Chemical Co, Inc		578,619
	641,000		Mitsubishi Heavy Industries Ltd		2,541,908
	23,000		Mitsubishi Logistics Corp		307,449
	235,000	*	Mitsubishi Materials Corp		723,618
	848,000	*	Mitsubishi Motors Corp		1,178,303
	2,700,080		Mitsubishi UFJ Financial Group, Inc		14,023,985
	12,680		Mitsubishi UFJ Lease & Finance Co Ltd		513,386
	368,900		Mitsui & Co Ltd		6,226,870
	185,000		Mitsui Chemicals, Inc		664,017

213

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	174,000		Mitsui Engineering & Shipbuilding Co Ltd	$	481,858
	174,000		Mitsui Fudosan Co Ltd		3,549,787
	107,000		Mitsui Mining & Smelting Co Ltd		379,339
	245,000		Mitsui OSK Lines Ltd		1,600,378
	112,600		Mitsui Sumitomo Insurance Group Holdings, Inc		2,683,976
	204,000		Mitsui Trust Holdings, Inc		819,874
	18,300		Mitsumi Electric Co Ltd		302,634
	4,338,607		Mizuho Financial Group, Inc		8,375,910
	293,000	*	Mizuho Trust & Banking Co Ltd		286,029
	42,200		Murata Manufacturing Co Ltd		3,204,438
	23,200		Nabtesco Corp		548,030
	37,900		Namco Bandai Holdings, Inc		415,245
	556,000		NEC Corp		1,581,112
	53,000		NGK Insulators Ltd		895,445
	36,088		NGK Spark Plug Co Ltd		560,524
	29,000	*	NHK Spring Co Ltd		328,494
	22,800		Nidec Corp		2,155,830
	68,900		Nikon Corp		1,597,936
	21,000		Nintendo Co Ltd		5,678,090
	105		Nippon Building Fund, Inc		1,101,677
	72,000		Nippon Electric Glass Co Ltd		1,085,771
	183,000		Nippon Express Co Ltd		772,270
	40,000		Nippon Meat Packers, Inc		531,055
	21,800		Nippon Paper Group, Inc		567,865
	212,000		Nippon Sheet Glass Co Ltd		550,954
	1,064,000		Nippon Steel Corp		3,637,027
	111,000		Nippon Telegraph & Telephone Corp		5,149,841
	319,000		Nippon Yusen Kabushiki Kaisha		1,397,007
	155,000		Nishi-Nippon City Bank Ltd		481,493
	33,500		Nissan Chemical Industries Ltd		413,974
	529,700	*	Nissan Motor Co Ltd		5,359,254
	36,500		Nisshin Seifun Group, Inc		460,095
	160,000		Nisshin Steel Co Ltd		316,531
	26,000		Nisshinbo Industries, Inc		288,536
	14,600		Nissin Food Products Co Ltd		518,865
	8,150		Nitori Co Ltd		682,318
	35,200		Nitto Denko Corp		1,757,532
	296,000	*	NKSJ Holdings, Inc		2,020,679
	20,900	*	NOK Corp		421,312
	739,200	*	Nomura Holdings, Inc		4,507,391
	24,400		Nomura Real Estate Holdings, Inc		444,114
	60		Nomura Real Estate Office Fund, Inc		427,085
	19,300		Nomura Research Institute Ltd		420,090
	95,000		NSK Ltd		911,039
	106,000	*	NTN Corp		576,875
	262		NTT Data Corp		852,492
	3,269		NTT DoCoMo, Inc		5,845,776
	268		NTT Urban Development Corp		276,577
	146,000		Obayashi Corp		698,808
	1,830		Obic Co Ltd		352,332
	126,000		Odakyu Electric Railway Co Ltd		1,169,441
	167,000		OJI Paper Co Ltd		779,336

214

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	44,300		Olympus Corp	$	1,244,619
	41,100		Omron Corp		1,058,976
	17,600		Ono Pharmaceutical Co Ltd		856,662
	7,300		Oracle Corp Japan		333,809
	10,200		Oriental Land Co Ltd		939,167
	22,460		ORIX Corp		2,219,422
	433,000		Osaka Gas Co Ltd		1,636,151
	3,300		Otsuka Corp		209,433
	55,800	*	Otsuka Holdings KK		1,384,803
	1,555	*	Rakuten, Inc		1,367,258
	132,000		Resona Holdings, Inc		681,385
	142,000		Ricoh Co Ltd		2,031,894
	8,100		Rinnai Corp		512,357
	20,900		Rohm Co Ltd		1,355,445
	11,600		Sankyo Co Ltd		643,794
	17,500		Santen Pharmaceutical Co Ltd		627,214
	75,400		Sapporo Hokuyo Holdings, Inc		365,556
	55,000		Sapporo Holdings Ltd		244,197
	4,199	*	SBI Holdings, Inc		559,968
	45,000		Secom Co Ltd		2,125,085
	43,400		Sega Sammy Holdings, Inc		870,245
	30,900		Seiko Epson Corp		514,480
	90,000		Sekisui Chemical Co Ltd		691,100
	116,000		Sekisui House Ltd		1,130,144
	182,500		Senshu Ikeda Holdings, Inc		266,903
	157,600		Seven & I Holdings Co Ltd		4,070,220
	158		SEVEN BANK Ltd		357,155
	209,000	*	Sharp Corp		2,172,957
	39,600		Shikoku Electric Power Co, Inc		1,169,419
	58,000		Shimadzu Corp		458,941
	4,500		Shimamura Co Ltd		403,031
	14,200		Shimano, Inc		709,207
	127,000		Shimizu Corp		541,318
	86,100		Shin-Etsu Chemical Co Ltd		4,847,566
	20,800		Shinko Electric Industries		235,653
	105,022	*	Shinko Securities Co Ltd		277,329
	185,000		Shinsei Bank Ltd		212,019
	61,700		Shionogi & Co Ltd		1,134,991
	72,700		Shiseido Co Ltd		1,464,859
	124,000		Shizuoka Bank Ltd		1,137,322
	300,000		Showa Denko KK		662,199
	36,000		Showa Shell Sekiyu KK		312,189
	11,500		SMC Corp		1,951,106
	172,700		Softbank Corp		5,936,112
	270,200	*	Sojitz Holdings Corp		597,282
	213,000	*	Sony Corp		7,329,643
	180		Sony Financial Holdings, Inc		666,648
	16,300		Square Enix Co Ltd		284,267
	28,600		Stanley Electric Co Ltd		536,549
	29,700	*	Sumco Corp		453,884
	334,009		Sumitomo Chemical Co Ltd		1,729,891
	235,500		Sumitomo Corp		3,392,670

215

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	158,900		Sumitomo Electric Industries Ltd	$	2,309,680
	121,000		Sumitomo Heavy Industries Ltd		772,172
	714,000		Sumitomo Metal Industries Ltd		1,671,490
	111,000		Sumitomo Metal Mining Co Ltd		1,824,691
	285,000		Sumitomo Mitsui Financial Group, Inc		9,689,995
	77,000		Sumitomo Realty & Development Co Ltd		1,873,599
	39,900		Sumitomo Rubber Industries, Inc		421,347
	300,000		Sumitomo Trust & Banking Co Ltd		1,809,353
	40,000		Suruga Bank Ltd		373,780
	12,900		Suzuken Co Ltd		368,235
	70,400	*	Suzuki Motor Corp		1,709,238
	7,600		Sysmex Corp		496,826
	59,150		T&D Holdings, Inc		1,489,624
	233,000		Taisei Corp		557,902
	29,000		Taisho Pharmaceutical Co Ltd		642,114
	59,000		Taiyo Nippon Sanso Corp		502,781
	54,000		Takashimaya Co Ltd		445,328
	159,400		Takeda Pharmaceutical Co Ltd		7,683,197
	47,700		Tanabe Seiyaku Co Ltd		762,496
	26,000		TDK Corp		1,712,720
	201,000		Teijin Ltd		969,145
	35,800		Terumo Corp		1,857,826
	26,500		THK Co Ltd		691,089
	166,000		Tobu Railway Co Ltd		917,303
	25,500		Toho Co Ltd		420,234
	103,000		Toho Gas Co Ltd		527,710
	89,800		Tohoku Electric Power Co, Inc		1,996,386
	72,000		Tokuyama Corp		377,848
	302,000		Tokyo Electric Power Co, Inc		7,332,042
	35,900		Tokyo Electron Ltd		2,346,935
	542,000		Tokyo Gas Co Ltd		2,356,718
	27,500		Tokyo Steel Manufacturing Co Ltd		292,801
	88,000		Tokyo Tatemono Co Ltd		405,086
	229,000		Tokyu Corp		1,039,091
	104,000		Tokyu Land Corp		534,715
	58,000		TonenGeneral Sekiyu KK		653,399
	110,000		Toppan Printing Co Ltd		1,000,466
	315,000		Toray Industries, Inc		2,092,926
	841,000	*	Toshiba Corp		4,985,938
	104,000		Tosoh Corp		337,813
	56,000		Toto Ltd		400,959
	32,600		Toyo Seikan Kaisha Ltd		611,145
	19,000		Toyo Suisan Kaisha Ltd		405,413
	12,600	*	Toyoda Gosei Co Ltd		294,779
	13,000	*	Toyota Boshoku Corp		230,913
	36,100	*	Toyota Industries Corp		1,147,004
	584,400	*	Toyota Motor Corp		24,059,477
	43,100		Toyota Tsusho Corp		757,557
	20,600	*	Trend Micro, Inc		622,298
	12,300		Tsumura & Co		386,765
	211,000		UBE Industries Ltd		636,671
	26,200		Uni-Charm Corp		1,009,390

216

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	41,600		UNY Co Ltd	$	403,021
	20,000		Ushio, Inc		405,300
	5,380		USS Co Ltd		431,731
	347		West Japan Railway Co		1,324,746
	2,931		Yahoo! Japan Corp		1,103,900
	20,900		Yakult Honsha Co Ltd		590,904
	16,640		Yamada Denki Co Ltd		1,129,080
	47,000		Yamaguchi Financial Group, Inc		472,025
	30,500		Yamaha Corp		374,274
	56,200	*	Yamaha Motor Co Ltd		1,039,966
	9,600		Yamato Kogyo Co Ltd		288,602
	80,200		Yamato Transport Co Ltd		1,220,198
	24,000		Yamazaki Baking Co Ltd		286,404
	53,000		Yaskawa Electric Corp		574,013
	48,100	*	Yokogawa Electric Corp		386,754
			TOTAL JAPAN		518,949,920
JERSEY, C.I. - 0.1%
	19,429		Randgold Resources Ltd		1,480,924
			TOTAL JERSEY, C.I.		1,480,924
KAZAKHSTAN - 0.0%
	54,262		Eurasian Natural Resources Corp		874,440
			TOTAL KAZAKHSTAN		874,440
LUXEMBOURG - 0.4%
	182,377		ArcelorMittal		6,652,777
	15,616		Millicom International Cellular S.A.		1,476,774
	62,506		SES Global S.A.		1,505,479
			TOTAL LUXEMBOURG		9,635,030
MACAU - 0.1%
	502,800	*	Sands China Ltd		1,248,259
	348,800		Wynn Macau Ltd		971,586
			TOTAL MACAU		2,219,845
MALAYSIA - 0.1%
	1,279,400	*	Genting International plc		2,032,015
			TOTAL MALAYSIA		2,032,015
MEXICO - 0.0%
	38,577		Fresnillo plc		800,675
			TOTAL MEXICO		800,675
NETHERLANDS - 4.6%
	338,226	*	Aegon NV		2,503,266
	48,581		Akzo Nobel NV		3,034,509
	9,119	*	APERAM		373,928
	89,996		ASML Holding NV		3,773,295
	15,787		Boskalis Westminster		758,204
	12,333		Corio NV		805,525

217

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	32,392		DSM NV	$	1,917,227
	86,115		European Aeronautic Defence and Space Co		2,483,091
	14,263		Fugro NV		1,148,366
	24,280		Heineken Holding NV		1,076,813
	54,409		Heineken NV		2,738,882
	813,065	*	ING Groep NV		9,258,682
	250,238		Koninklijke Ahold NV		3,389,446
	209,509		Koninklijke Philips Electronics NV		6,527,924
	14,884		Koninklijke Vopak NV		719,305
	49,659	*	Qiagen NV		915,052
	22,967	*	Randstad Holdings NV		1,254,218
	147,348		Reed Elsevier NV		1,916,292
	751,198		Royal Dutch Shell plc (A Shares)		26,465,863
	570,737		Royal Dutch Shell plc (B Shares)		19,887,586
	336,160		Royal KPN NV		5,290,519
	35,698		SBM Offshore NV		850,355
	79,451		TNT NV		2,147,152
	345,587		Unilever NV		10,211,062
	60,303		Wolters Kluwer NV		1,380,725
			TOTAL NETHERLANDS		110,827,287
NEW ZEALAND - 0.1%
	174,017		Auckland International Airport Ltd		301,439
	60,233	*	Contact Energy Ltd		286,190
	127,643		Fletcher Building Ltd		764,465
	117,624		Sky City Entertainment Group Ltd		298,359
	449,697		Telecom Corp of New Zealand Ltd		798,139
			TOTAL NEW ZEALAND		2,448,592
NORWAY - 0.8%
	37,488		Aker Kvaerner ASA		681,865
	203,794		DNB NOR Holding ASA		2,809,534
	191,715		Norsk Hydro ASA		1,439,798
	165,361		Orkla ASA		1,488,336
	109,441	*	Renewable Energy Corp AS		351,105
	58,503		SeaDrill Ltd		1,926,735
	237,757		Statoil ASA		5,777,591
	172,997		Telenor ASA		2,667,476
	39,751		Yara International ASA		2,238,303
			TOTAL NORWAY		19,380,743
PORTUGAL - 0.3%
	502,193		Banco Comercial Portugues S.A.		403,194
	104,531		Banco Espirito Santo S.A.		423,910
	49,180		Brisa-Auto Estradas de Portugal S.A.		357,728
	54,743		Cimpor Cimentos de Portugal S.A.		367,469
	44,391	*	EDP Renovaveis S.A.		263,556
	384,870		Energias de Portugal S.A.		1,478,434
	48,004		Galp Energia SGPS S.A.		978,830
	43,874		Jeronimo Martins SGPS S.A.		661,556
	125,059		Portugal Telecom SGPS S.A.		1,458,955
			TOTAL PORTUGAL		6,393,632

218

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
SINGAPORE - 1.5%
	326,960		Ascendas Real Estate Investment Trust	$	536,915
	550,000		CapitaLand Ltd		1,555,502
	477,330		CapitaMall Trust		712,561
	318,000		CapitaMalls Asia Ltd		467,291
	119,400		City Developments Ltd		1,065,793
	371,000		ComfortDelgro Corp Ltd		460,968
	220,000		Cosco Corp Singapore Ltd		378,256
	361,500		DBS Group Holdings Ltd		4,262,671
	204,000		Fraser and Neave Ltd		1,017,193
	372,000	*	Global Logistic Properties		604,831
	1,385,647		Golden Agri-Resources Ltd		769,693
	21,009		Jardine Cycle & Carriage Ltd		561,509
	274,000		Keppel Corp Ltd		2,519,697
	167,000		Keppel Land Ltd		588,787
	178,250	*	Neptune Orient Lines Ltd		308,997
	272,700		Olam International Ltd		652,301
	517,520		Oversea-Chinese Banking Corp		4,013,342
	202,460		SembCorp Industries Ltd		819,879
	176,600		SembCorp Marine Ltd		748,383
	110,933		Singapore Airlines Ltd		1,286,759
	173,000		Singapore Exchange Ltd		1,149,346
	338,000		Singapore Press Holdings Ltd		1,051,963
	344,000		Singapore Technologies Engineering Ltd		874,652
	1,675,403		Singapore Telecommunications Ltd		4,080,424
	126,000		StarHub Ltd		252,086
	261,000		United Overseas Bank Ltd		4,058,304
	100,000		United Overseas Land Ltd		371,825
	408,000		Wilmar International Ltd		1,688,705
	310,000		Yangzijiang Shipbuilding		453,028
			TOTAL SINGAPORE		37,311,661
SPAIN - 3.5%
	61,466		Abertis Infraestructuras S.A.		1,206,081
	4,796		Acciona S.A.		414,836
	21,156		Acerinox S.A.		360,110
	29,418		ACS Actividades Cons y Servicios S.A.		1,518,468
	45,303	*	Amadeus IT Holding S.A.		952,567
	902,519		Banco Bilbao Vizcaya Argentaria S.A.		11,066,052
	220,026		Banco de Sabadell S.A.		1,053,239
	42,586		Banco de Valencia S.A.		206,343
	182,236		Banco Popular Espanol S.A.		1,096,037
	1,722,841		Banco Santander Central Hispano S.A.		21,094,728
	68,787		Bankinter S.A.		469,380
	94,232		Cintra Concesiones de Infraestructuras de Transporte S.A.		1,115,706
	167,499		Corp Mapfre S.A.		569,377
	179,371		Criteria Caixacorp S.A.		1,235,846
	38,021		Enagas		801,740
	11,131		Fomento de Construcciones y Contratas S.A.		324,746
	70,944		Gas Natural SDG S.A.		1,170,727
	33,596		Gestevision Telecinco S.A.		422,630

219

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	28,625		Grifols S.A.	$	435,863
	183,018		Iberdrola Renovables		689,602
	855,184		Iberdrola S.A.		7,317,953
	46,739		Inditex S.A.		3,534,262
	17,262		Indra Sistemas S.A.		324,615
	115,667	*	International Consolidated Airlines		475,095
	21,921		Red Electrica de Espana		1,115,703
	152,618		Repsol YPF S.A.		4,803,897
	870,437		Telefonica S.A.		21,791,808
	31,357		Zardoya Otis S.A.		495,971
			TOTAL SPAIN		86,063,382
SWEDEN - 3.2%
	72,389		Alfa Laval AB		1,541,541
	65,976		Assa Abloy AB (Class B)		1,795,303
	140,013		Atlas Copco AB (A Shares)		3,360,787
	81,528		Atlas Copco AB (B Shares)		1,774,032
	57,168		Boliden AB		1,192,739
	49,076		Electrolux AB (Series B)		1,398,478
	639,527		Ericsson (LM) (B Shares)		7,884,610
	42,994		Getinge AB (B Shares)		1,045,479
	217,119		Hennes & Mauritz AB (B Shares)		7,111,812
	63,609		Hexagon AB (B Shares)		1,366,560
	10,661		Holmen AB (B Shares)		404,508
	90,100		Husqvarna AB (B Shares)		749,303
	24,190		Industrivarden AB		403,205
	97,459		Investor AB (B Shares)		2,253,426
	46,343		Kinnevik Investment AB (Series B)		1,032,137
	11,163		Modern Times Group AB (B Shares)		775,737
	685,096		Nordea Bank AB		8,312,557
	21,139		Ratos AB (B Shares)		793,651
	210,423		Sandvik AB		4,131,077
	66,286		Scania AB (B Shares)		1,487,097
	66,624		Securitas AB (B Shares)		803,154
	298,977		Skandinaviska Enskilda Banken AB (Class A)		2,712,089
	80,846		Skanska AB (B Shares)		1,637,800
	81,720		SKF AB (B Shares)		2,333,925
	38,781		Ssab Svenskt Stal AB (Series A)		637,281
	121,806		Svenska Cellulosa AB (B Shares)		2,124,245
	104,595		Svenska Handelsbanken (A Shares)		3,562,165
	152,941	*	Swedbank AB (A Shares)		2,398,563
	47,780		Swedish Match AB		1,376,720
	67,722		Tele2 AB (B Shares)		1,496,902
	469,922		TeliaSonera AB		3,866,804
	293,830	*	Volvo AB (B Shares)		5,092,951
			TOTAL SWEDEN		76,856,638
SWITZERLAND - 7.5%
	464,834		ABB Ltd		10,981,666
	20,702	*	Actelion Ltd		1,119,531
	26,147		Adecco S.A.		1,693,552
	17,751		Aryzta AG.		780,428

220

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	10,560		Baloise Holding AG.	$	1,086,816
	109,264		Compagnie Financiere Richemont S.A.		5,947,605
	238,961		Credit Suisse Group		10,668,304
	8,114		Geberit AG.		1,713,608
	1,758		Givaudan S.A.		1,742,004
	51,303		Holcim Ltd		3,591,101
	43,540		Julius Baer Group Ltd		1,970,226
	43,464		Julius Baer Holding AG.		775,206
	11,067		Kuehne & Nagel International AG.		1,431,114
	188		Lindt & Spruengli AG.		490,444
	25		Lindt & Spruengli AG. (Reg)		730,510
	35,273	*	Logitech International S.A.		661,510
	9,935		Lonza Group AG.		783,082
	733,862		Nestle S.A.		39,647,461
	447,053		Novartis AG.		24,887,360
	5,911		Pargesa Holding S.A.		521,164
	9,359		Phonak Holding AG.		1,173,318
	148,873		Roche Holding AG.		22,649,235
	9,902		Schindler Holding AG.		1,106,266
	4,649		Schindler Holding AG. (Reg)		516,643
	1,164		SGS S.A.		1,892,871
	413		Sika AG.		905,233
	135,321		STMicroelectronics NV		1,636,774
	1,811		Straumann Holding AG.		443,824
	6,435		Swatch Group AG.		2,581,756
	9,061		Swatch Group AG. Reg		651,974
	6,600		Swiss Life Holding		1,054,254
	75,243		Swiss Reinsurance Co		4,301,339
	5,049		Swisscom AG.		2,227,466
	20,115		Syngenta AG.		6,486,886
	12,790		Synthes, Inc		1,688,303
	771,642	*	UBS AG. (Switzerland)		13,815,751
	30,556		Zurich Financial Services AG.		8,354,502
			TOTAL SWITZERLAND		182,709,087
TAIWAN - 0.0%
	412,000	*	Foxconn International Holdings Ltd		292,946
			TOTAL TAIWAN		292,946
UNITED KINGDOM - 18.8%
	204,773		3i Group plc		1,015,358
	60,528		Acergy S.A.		1,478,269
	42,214		Admiral Group plc		1,110,821
	54,033		Aggreko plc		1,243,062
	71,804		AMEC plc		1,378,805
	279,692		Anglo American plc (London)		13,712,731
	83,270		Antofagasta plc		1,874,521
	278,192		ARM Holdings plc		2,291,883
	75,330		Associated British Foods plc		1,281,358
	303,858		AstraZeneca plc		14,814,258
	44,905	*	Autonomy Corp plc		1,076,453
	586,681		Aviva plc		4,172,339

221

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	76,127		Babcock International Group	$	703,718
	715,668		BAE Systems plc		3,920,350
	148,369		Balfour Beatty plc		796,565
	2,423,681		Barclays plc		11,351,213
	716,961		BG Group plc		16,087,603
	467,748		BHP Billiton plc		17,860,405
	3,980,342		BP plc		31,276,905
	123,216	*	British Airways plc		506,066
	423,281		British American Tobacco plc		15,632,939
	190,593		British Land Co plc		1,580,837
	238,555		British Sky Broadcasting plc		2,885,077
	1,653,709		BT Group plc		4,655,650
	68,984		Bunzl plc		840,407
	94,427		Burberry Group plc		1,622,778
	523,300		Cable & Wireless Worldwide		593,061
	295,661	*	Cairn Energy plc		1,961,055
	128,208		Capita Group plc		1,393,810
	38,063		Carnival plc		1,734,160
	1,095,834		Centrica plc		5,611,354
	242,917		Cobham plc		815,816
	393,205		Compass Group plc		3,495,756
	17,952		Delta Lloyd NV		453,117
	531,538		Diageo plc		10,218,530
	65,322	*	Essar Energy plc		541,514
	213,329		Experian Group Ltd		2,647,797
	95,167		Firstgroup plc		570,934
	1,100,409		GlaxoSmithKline plc		19,869,386
	304,982		Group 4 Securicor plc		1,313,043
	150,654		Hammerson plc		1,035,746
	183,074		Home Retail Group		632,472
	3,719,462		HSBC Holdings plc		40,553,455
	117,414		ICAP plc		1,011,100
	216,298		Imperial Tobacco Group plc		6,174,135
	89,684		Inmarsat plc		977,111
	59,921		Intercontinental Hotels Group plc		1,263,647
	319,842		International Power plc		2,162,143
	33,905		Intertek Group plc		943,319
	167,238		Invensys plc		901,058
	105,846		Investec plc		811,038
	799,973	*	ITV plc		994,215
	259,631		J Sainsbury plc		1,586,113
	46,163		Johnson Matthey plc		1,423,334
	44,700		Kazakhmys plc		1,077,069
	505,918		Kingfisher plc		2,038,117
	159,481		Land Securities Group plc		1,723,087
	1,262,835		Legal & General Group plc		2,247,025
	101,461		Liberty International plc		597,147
	8,636,930	*	Lloyds TSB Group plc		8,734,675
	33,837		London Stock Exchange Group plc		458,093
	34,219		Lonmin plc		905,675
	373,287		Man Group plc		1,757,995
	334,080		Marks & Spencer Group plc		1,904,963

222

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	VALUE
	733,037		National Grid plc	$	6,501,087
	37,366		Next plc		1,181,551
	1,143,603		Old Mutual plc		2,300,749
	169,436		Pearson plc		2,788,230
	54,273		Petrofac Ltd		1,359,264
	539,875		Prudential plc		5,850,402
	130,951		Reckitt Benckiser Group plc		7,117,497
	255,909		Reed Elsevier plc		2,264,279
	309,346		Resolution Ltd		1,294,877
	182,252		Rexam plc		996,585
	307,182		Rio Tinto plc		21,096,038
	387,741		Rolls-Royce Group plc		3,962,020
	726,765		Royal & Sun Alliance Insurance Group plc		1,583,743
	3,716,292	*	Royal Bank of Scotland Group plc		2,478,038
	201,830		SABMiller plc		6,531,577
	265,455		Sage Group plc		1,253,090
	23,491		Schroders plc		677,983
	193,815		Scottish & Southern Energy plc		3,598,175
	158,715		Segro plc		757,861
	104,797		Serco Group plc		924,878
	49,558		Severn Trent plc		1,085,444
	187,955		Smith & Nephew plc		2,097,592
	82,915		Smiths Group plc		1,806,474
	494,599		Standard Chartered plc		12,881,087
	484,030		Standard Life plc		1,776,968
	1,702,545		Tesco plc		10,974,746
	185,422		Thomas Cook Group plc		566,331
	127,805		TUI Travel plc		517,812
	190,276		Tullow Oil plc		4,048,142
	272,456		Unilever plc		7,911,133
	148,236		United Utilities Group plc		1,290,368
	11,173,272		Vodafone Group plc		31,358,893
	46,002		Weir Group plc		1,167,927
	35,954		Whitbread plc		998,378
	450,029		WM Morrison Supermarkets plc		1,920,082
	60,471	*	Wolseley plc		2,105,776
	262,278		WPP plc		3,243,562
	436,463		Xstrata plc		9,666,841
			TOTAL UNITED KINGDOM		458,237,916
UNITED STATES - 1.2%
	401,250	d	iShares MSCI EAFE Index Fund		23,850,299
	68,043	*	Transocean Ltd		5,391,815
			TOTAL UNITED STATES		29,242,114
			TOTAL COMMON STOCKS		2,422,677,302
			(Cost $2,294,450,856)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	989,098	m	GPT Group		0
			TOTAL AUSTRALIA		0

223

TIAA-CREF FUNDS - International Equity Index Fund
SHARES			COMPANY	MATURITY DATE	VALUE
HONG KONG - 0.0%
	23,245	m	Shangri-La Asia Ltd		$	865
			TOTAL HONG KONG			865
	SPAIN - 0.0%
	1,722,841		Banco Santander S.A.			325,518
			TOTAL SPAIN			325,518
			TOTAL RIGHTS / WARRANTS			326,383
			(Cost $267,809)

PRINCIPAL	ISSUER
SHORT-TERM INVESTMENTS - 0.8%
GOVERNMENT AGENCY DEBT - 0.8%
$20,575,000	Federal Home Loan Bank	02/01/11		20,575,000
	TOTAL GOVERNMENT AGENCY DEBT			20,575,000
	TOTAL SHORT-TERM INVESTMENTS			20,575,000
	(Cost $20,575,000)
	TOTAL INVESTMENTS - 100.3%			2,443,578,685
	(Cost $2,315,293,665)
	OTHER ASSETS & LIABILITIES, NET - (0.3)%			(8,420,931)
	NET ASSETS - 100.0%		$	2,435,157,754

	Abbreviation(s):
	ADR - American Depositary Receipt
*	Non-income producing.
d	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open futures contracts.
m	Indicates a security that has been deemed illiquid.

224

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
January 31, 2011

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	611,691,981			25.2	%
INDUSTRIALS		307,446,471			12.6
MATERIALS		262,202,206			10.8
CONSUMER DISCRETIONARY		249,105,803			10.2
CONSUMER STAPLES		228,756,441			9.4
ENERGY		196,724,651			8.1
HEALTH CARE		192,120,620			7.9
TELECOMMUNICATION SERVICES		132,709,390			5.4
UTILITIES		122,634,860			5.0
INFORMATION TECHNOLOGY		119,611,262			4.9
SHORT - TERM INVESTMENTS		20,575,000			0.8
OTHER ASSETS & LIABILITIES, NET		(8,420,931	)		(0.3	)
NET ASSETS	$	2,435,157,754			100.0	%

225

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

PRINCIPAL			ISSUER	RATE	MATURITY DATE	VALUE
EQUITY-LINKED NOTES - 3.8%
INDIA - 3.8%
	$  4,900,000	*,g,m	Morgan Stanley, MSCI India Total Return Index	0.600%	03/03/11	$	5,075,665
			TOTAL INDIA				5,075,665
			TOTAL EQUITY-LINKED NOTES				5,075,665
			(Cost $4,900,000)

SHARES			COMPANY
COMMON STOCKS - 94.4%
BRAZIL - 14.9%
	3,958		AES Tiete S.A.	55,751
	11,800		All America Latina Logistica S.A.	99,669
	4,405		Amil Participacoes S.A.	42,519
	4,485		Anhanguera Educacional Participacoes S.A.	95,111
	700		B2W Companhia Global Do Varejo	11,863
	951	*	Banco Bradesco S.A.	17,571
	66,053		Banco Bradesco S.A.(Preference)	1,220,452
	20,086		Banco do Brasil S.A.	358,595
	6,868		Banco do Estado do Rio Grande do Sul	67,570
	78,961		Banco Itau Holding Financeira S.A.	1,685,847
	22,939		Banco Santander Brasil S.A.	266,001
	67,874		BM&FBOVESPA S.A.	474,359
	7,800		BR Malls Participacoes S.A.	71,123
	8,065		Bradespar S.A.	221,201
	10,700		Brasil Telecom S.A. (Preference)	83,125
	5,915	*	Braskem S.A.	74,410
	5,700		Brookfield Incorporacoes S.A.	26,261
	9,876		Centrais Eletricas Brasileiras S.A.	132,711
	8,192		Centrais Eletricas Brasileiras S.A. (Preference)	132,442
	1,300		Cia de Transmissao de Energia Electrica Paulista	39,781
	3,635		Companhia Brasileira de Distribuicao Grupo Pao de Acucar	136,900
	22,042		Companhia Brasileira de Meios de Pagamento	163,568
	7,089		Companhia de Concessoes Rodoviarias	195,750
	4,000		Companhia de Saneamento Basico do Estado de Sao Paulo	97,903
	13,649		Companhia Energetica de Minas Gerais	224,352
	5,820		Companhia Energetica de Sao Paulo (Class B)	99,400
	4,185		Companhia Hering	64,271
	3,795		Companhia Paranaense de Energia	96,756
	26,430		Companhia Siderurgica Nacional S.A.	439,192
	45,100		Companhia Vale do Rio Doce	1,544,322
	69,273		Companhia Vale do Rio Doce (Preference)	2,118,979
	4,636		Cosan SA Industria e Comercio	72,393

226

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	3,400		CPFL Energia S.A.	$	83,707
	9,805		Cyrela Brazil Realty S.A.		108,288
	8,478		Diagnosticos da America S.A.		102,990
	6,628		EcoRodovias Infraestrutura e Logistica S.A.		51,690
	2,200		EDP - Energias do Brasil S.A.		49,426
	3,300		Eletropaulo Metropolitana de Sao Paulo S.A.		64,339
	19,979		Empresa Brasileira de Aeronautica S.A.		162,042
	3,948	*	Fertilizantes Fosfatados S.A.		45,118
	6,063	*	Fibria Celulose S.A.		93,585
	10,800		Gafisa S.A.		66,150
	23,075		Gerdau S.A. Preference		295,541
	2,100		Gol Linhas Aereas Inteligentes S.A.		29,996
	9,882	*	Hypermarcas S.A.		117,615
	79,843		Investimentos Itau S.A. - PR		564,713
	19,364		JBS S.A.		73,183
	15,020		Klabin S.A.		51,179
	3,482		Localiza Rent A Car		52,326
	6,800		Lojas Americanas S.A.		54,622
	4,430		Lojas Renner S.A.		128,625
	5,574		Marfrig Alimentos S.A.		45,075
	9,917		Metalurgica Gerdau S.A.		151,645
	8,361	*	MMX Mineracao e Metalicos S.A.		50,208
	10,756		MRV Engenharia e Participacoes S.A.		90,980
	700		Multiplan Empreendimentos Imobiliarios S.A.		13,434
	6,192		Natura Cosmeticos S.A.		158,612
	3,551		Odontoprev S.A.		47,930
	45,191		OGX Petroleo e Gas Participacoes S.A.		466,563
	37,448		PDG Realty S.A.		207,126
	22,956		Perdigao S.A.		376,644
	101,972		Petroleo Brasileiro S.A.		1,838,243
	142,346		Petroleo Brasileiro S.A. (Preference)		2,313,299
	4,381		Porto Seguro S.A.		68,332
	98,000		PT International Nickel Indonesia Tbk		50,307
	12,132		Redecard S.A.		149,926
	5,359		Rossi Residencial SA		42,147
	9,401		Satipel Industrial S.A.		90,234
	2,769		Souza Cruz S.A.		132,258
	4,405		Sul America SA		48,649
	6,942		Suzano Papel e Celulose S.A.		60,385
	1,700		Tam S.A. (Preference)		37,335
	1,600		Tele Norte Leste Participacoes S.A.		34,919
	8,968		Tele Norte Leste Participacoes S.A. (Preference)		142,997
	800		Telemar Norte Leste S.A.		24,169
	5,643		Telesp Celular Participacoes S.A.		189,573
	21,475		Tim Participacoes S.A.		79,358
	400		Totvus S.A.		38,873
	4,700		Tractebel Energia S.A.		72,744
	2,645		Ultrapar Participacoes S.A.		166,924
	6,605		Usinas Siderurgicas de Minas Gerais S.A.		99,019
	16,317		Usinas Siderurgicas de Minas Gerais S.A. (Preference)		190,191
			TOTAL BRAZIL		20,103,382

227

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund
SHARES			COMPANY	VALUE
CANADA - 0.0%
			Gold Wheaton Gold Corp (GDR) (purchased 1/31/11, cost
	687	*,f	$6,703)	$	6,697
			TOTAL CANADA		6,697
CHILE - 1.6%
	92,973		AES Gener S.A.		45,832
	858		Banco de Credito e Inversiones		57,531
	1,706,324		Banco Santander Chile S.A.		138,958
	2,707		CAP S.A.		135,014
	32,200		Centros Comerciales Sudamericanos S.A.		217,243
	267,348		Colbun S.A.		69,991
	2,690,040		CorpBanca S.A.		44,314
	116,937		Empresa Nacional de Electricidad S.A.		202,558
	3,905		Empresa Nacional de Telecomunicaciones S.A.		66,269
	3,928		Empresas CMPC S.A.		191,035
	16,065		Empresas COPEC S.A.		275,452
	466,019		Enersis S.A.		193,853
	3,928		Lan Airlines S.A.		110,394
	8,227		SACI Falabella		82,236
	3,236		Sociedad Quimica y Minera de Chile S.A. (Class B)		173,439
	4,311		United Breweries Co, Inc		46,661
	19,559		Vina Concha Y Toro S.A.		45,740
			TOTAL CHILE		2,096,520
CHINA - 15.3%
	52,000		Agile Property Holdings Ltd		77,846
	596,000	*	Agricultural Bank of China		294,885
	78,000	*	Air China Ltd		80,898
	44,500		Alibaba.com Ltd		88,191
	142,000	*	Aluminum Corp of China Ltd		140,451
	40,000		Angang New Steel Co Ltd		59,409
	28,000		Anhui Conch Cement Co Ltd		130,437
	32,000		Anta Sports Products Ltd		51,535
	2,174,000		Bank of China Ltd		1,135,613
	235,000		Bank of Communications Co Ltd		225,339
	35,000		BBMG Corp		47,478
	78,000		Beijing Capital International Airport Co Ltd		41,718
	18,500		Beijing Enterprises Holdings Ltd		108,841
	100,000		Bosideng International Holdings Ltd		31,158
	86,000	*	Brilliance China Automotive Holdings Ltd		64,990
	19,000		Byd Co Ltd		93,633
	62,000		China Agri-Industries Holdings Ltd		66,841
	66,000		China BlueChemical Ltd		54,796
	223,000		China Citic Bank		146,232
	124,000		China Coal Energy Co		182,910
	153,000		China Communications Construction Co Ltd		124,522
	76,000		China Communications Services Corp Ltd		46,590
	1,664,350		China Construction Bank		1,470,874
	107,000		China Dongxiang Group Co		46,888
	32,000		China Everbright Ltd		66,967
	44,000		China High Speed Transmission Equipment Group Co Ltd		68,338

228

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund
SHARES			COMPANY	VALUE
	28,600	*	China Insurance International Holdings Co Ltd	$	80,562
	258,000		China Life Insurance Co Ltd		1,006,064
	69,000	*	China Longyuan Power Group Corp		62,242
	137,500		China Merchants Bank Co Ltd		326,219
	38,310		China Merchants Holdings International Co Ltd		167,522
	143,000		China Minsheng Banking Corp Ltd		121,711
	208,000		China Mobile Hong Kong Ltd		2,044,613
	52,000		China National Building Material Co Ltd		130,582
	45,000		China National Materials Co Ltd		38,785
	56,000		China Oilfield Services Ltd		109,302
	144,000		China Overseas Land & Investment Ltd		273,469
	29,400		China Pacific Insurance Group Co Ltd		117,005
	69,500		China Railway Construction Corp		85,935
	147,000		China Railway Group Ltd		107,001
	42,000		China Resources Enterprise		165,413
	60,000		China Resources Power Holdings Co		105,419
	66,000		China Shanshui Cement Group Ltd		51,722
	118,500		China Shenhua Energy Co Ltd		484,963
	15,000		China Shineway Pharmaceutical Group Ltd		37,989
	133,000	*	China Shipping Container Lines Co Ltd		61,902
	48,000	m	China Shipping Development Co Ltd		58,302
	72,000		China South Locomotive and Rolling Stock Corp		103,788
	76,000	*	China Southern Airlines Co Ltd		38,907
	488,000		China Telecom Corp Ltd		289,448
	134,000	*	China Travel International Inv HK		29,680
	206,000		China Unicom Ltd		344,125
	47,000		China Yurun Food Group Ltd		153,413
	67,200		China Zhongwang Holdings Ltd		32,421
	39,000		Citic Pacific Ltd		105,470
	618,000		CNOOC Ltd		1,375,635
	94,500		COSCO Holdings		102,793
	58,000		COSCO Pacific Ltd		108,797
	161,000		Country Garden Holdings Co Ltd		60,561
	122,000		Datang International Power Generation Co Ltd		42,789
	13,400		Dongfang Electric Co Ltd		56,986
	96,000		Dongfeng Motor Group Co Ltd		170,653
	193,000		Evergrande Real Estate Group		103,329
	63,000		Fosun International		49,625
	148,000		Franshion Properties China Ltd		43,076
	254,000	*	GCL Poly Energy Holdings Ltd		119,083
	25,000		Golden Eagle Retail Group Ltd		68,900
	36,000		Great Wall Motor Co Ltd		57,101
	27,500		Greentown China Holdings Ltd		31,558
	98,000		Guangdong Investments Ltd		50,246
	78,000		Guangzhou Automobile Group Co Ltd		100,829
	170,000	*	Guangzhou Investment Co Ltd		41,647
	36,800		Guangzhou R&F Properties Co Ltd		54,486
	26,000		Hengan International Group Co Ltd		195,167
	44,000		Hidili Industry International Development Ltd		37,853
	112,000		Huaneng Power International, Inc		62,504
	2,103,000		Industrial & Commercial Bank of China		1,573,910
	46,000		Jiangsu Express		49,612

229

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund
SHARES			COMPANY	VALUE
	67,500	*	Jiangsu Rongsheng Heavy Industry Group Co Ltd	$	61,469
	49,000		Jiangxi Copper Co Ltd		157,948
	53,500		KWG Property Holding Ltd		40,044
	178,000		Lenovo Group Ltd		103,818
	26,500		Li Ning Co Ltd		50,803
	46,500		Longfor Properties Co Ltd		69,479
	78,000		Lonking Holdings Ltd		45,664
	72,000		Maanshan Iron & Steel		40,467
	98,000	*	Metallurgical Corp of China Ltd		43,473
	60,000		Nine Dragons Paper Holdings Ltd		85,345
	47,500		Parkson Retail Group Ltd		81,247
	88,000	*	PICC Property & Casualty Co Ltd		110,789
	59,500		Ping An Insurance Group Co of China Ltd		595,343
	75,000		Poly Hong Kong Investment Ltd		70,379
	290,000		Renhe Commercial Holdings Co Ltd		48,505
	656,000	*	Semiconductor Manufacturing International		51,408
	24,000		Shandong Weigao Group Medical Polymer Co Ltd		62,343
	110,000		Shanghai Electric Group Co Ltd		66,415
	20,000		Shanghai Industrial Holdings Ltd		80,804
	59,000		Shimao Property Holdings Ltd		90,095
	110,195		Shui On Land Ltd		53,166
	84,000		Sinochem Hong Kong Holding Ltd		46,967
	117,000		Sino-Ocean Land Holdings Ltd		78,226
	96,000		Sinopec Shanghai Petrochemical Co Ltd		58,645
	20,800		Sinopharm Group Co		73,892
	31,500		Sinotruk Hong Kong Ltd		29,397
	79,500		Soho China Ltd		62,969
	34,900		Tencent Holdings Ltd		910,773
	60,000		Tingyi Cayman Islands Holding Corp		147,317
	12,000		Tsingtao Brewery Co Ltd		55,444
	213,000		Want Want China Holdings Ltd		177,639
	14,000		Weichai Power Co Ltd		95,940
	21,000		Wumart Stores		44,301
	26,000		Xinao Gas Holdings Ltd		78,160
	68,000		Yanzhou Coal Mining Co Ltd		198,794
	16,500		Zhaojin Mining Industry Co Ltd		60,903
	56,000		Zhejiang Expressway Co Ltd		52,297
	17,000		Zhuzhou CSR Times Electric Co Ltd		65,665
	146,000		Zijin Mining Group Co Ltd		116,030
	18,800		ZTE Corp		74,827
			TOTAL CHINA		20,675,684
COLOMBIA - 0.7%
	4,661		Almacenes Exito S.A.		57,411
	6,314		BanColombia S.A.		91,364
	8,150		BanColombia S.A. (Preference)		119,153
	7,505		Cementos Argos S.A.		45,979
	2,692	*	Corp Financiera Colombiana S.A.		50,602
	142,696		Ecopetrol S.A.		303,381
	14,272		Interconexion Electrica S.A.		100,889
	9,870		Inversiones Argos S.A.		101,486
	7,103		Suramericana de Inversiones S.A.		134,277
			TOTAL COLOMBIA		1,004,542

230

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
CZECH REPUBLIC - 0.4%
	5,704		CEZ AS	$	268,974
	551	*	Komercni Banka AS		131,848
	5,000		Telefonica O2 Czech Republic AS		114,188
			TOTAL CZECH REPUBLIC		515,010
EGYPT - 0.4%
	16,966		Commercial International Bank		105,157
	19,310		Egypt Kuwait Holding Co		24,270
	924		Egyptian Co for Mobile Services		20,885
	9,649		Egyptian Financial Group-Hermes Holding		43,264
	7,215		El Ezz Steel Co		19,622
	1,508		ElSwedy Cables Holding Co		11,776
	1,766		National Societe Generale Bank SAE		12,895
	3,020		Orascom Construction Industries		116,844
	82,651		Orascom Telecom Holding SAE		50,752
	25,698	*	Talaat Moustafa Group		28,643
	13,486		Telecom Egypt		36,711
			TOTAL EGYPT		470,819
GERMANY - 0.0%
	3,330		Magyar Telekom		9,034
			TOTAL GERMANY		9,034
HONG KONG - 1.0%
	149,000		Belle International Holdings Ltd		256,192
	106,000		Chaoda Modern Agriculture		76,429
	76,000	m	China Gas Holdings Ltd		33,045
	41,000		China Mengniu Dairy Co Ltd		114,782
	76,000	*	China Resources Cement Holdings Ltd		57,980
	72,000		China Resources Land Ltd		130,489
	110,000		Fushan International Energy Group Ltd		74,910
	140,000		Geely Automobile Holdings Ltd		66,305
	381,000	*	GOME Electrical Appliances Holdings Ltd		144,635
	84,000		Hengdeli Holdings Ltd		47,558
	28,000		Hopson Development Holdings Ltd		31,910
	58,000		Huabao International Holdings Ltd		86,255
	21,500		Kingboard Chemical Holdings Ltd		122,925
	64,000		Lee & Man Paper Manufacturing Ltd		44,651
	66,000		Skyworth Digital Holdings Ltd		41,531
			TOTAL HONG KONG		1,329,597
HUNGARY - 0.4%
	1,500	*	MOL Hungarian Oil and Gas plc		168,140
	8,434	*	OTP Bank Rt		235,689
	513		Richter Gedeon Nyrt		109,211
			TOTAL HUNGARY		513,040

231

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
INDIA - 3.2%
	4,082		Adani Enterprises Ltd	$	50,336
	984		Aditya Birla Nuvo Ltd		16,171
	11,782		Ambuja Cements Ltd		32,503
	1,110		Associated Cement Co Ltd		24,053
	906		Bajaj Holdings and Investment Ltd		24,701
	1,958		Bharat Heavy Electricals		94,862
	1,828		Bharat Petroleum Corp Ltd		24,405
	6,796	*	Cairn India Ltd		48,804
	1,994		Canara Bank		26,273
	6,016		Cipla Ltd		43,631
	8,825	*	Coal India Ltd		58,503
	4,192		DLF Ltd		20,532
	1,770		Dr Reddy’s Laboratories Ltd		62,558
	6,562		GAIL India Ltd		67,499
	22,100	*	GMR Infrastructure Ltd		19,038
	2,976		HCL Technologies Ltd		31,918
	4,439		HDFC Bank Ltd		198,382
	829		Hero Honda Motors Ltd		29,533
	18,513		Hindalco Industries Ltd		93,153
	1,566	*	Housing Development & Infrastruture Ltd		4,499
	13,865		Housing Development Finance Corp		190,401
	12,749		ICICI Bank Ltd		285,888
	2,954	*	Indiabulls Real Estate Ltd		7,768
	6,165		IndusInd Bank Ltd		30,224
	7,213		Infosys Technologies Ltd		490,722
	16,708		Infrastructure Development Finance Co Ltd		53,933
	36,252		ITC Ltd		128,811
	18,204		Jaiprakash Associates Ltd		33,179
	6,245		Jindal Steel & Power Ltd		90,607
	1,621		JSW Steel Ltd		32,120
	4,971		Kotak Mahindra Bank Ltd		41,873
	3,374		Larsen & Toubro Ltd		120,898
	1,850		LIC Housing Finance Ltd		7,266
	3,494		Lupin Ltd		32,189
	3,642		Mahindra & Mahindra Ltd		56,721
	692		Maruti Udyog Ltd		18,974
	15,630		NTPC Ltd		64,387
	2,137		Piramal Healthcare Ltd		20,521
	2,195	*	Ranbaxy Laboratories Ltd		26,138
	2,069		Reliance Capital Ltd		23,730
	10,393		Reliance Communication Ventures Ltd		27,842
	2,135		Reliance Energy Ltd		33,022
	20,607		Reliance Industries Ltd		413,312
	10,869	*	Reliance Power Ltd		32,036
	5,745		Rural Electrification Corp Ltd		30,583
	6,409	*	Satyam Computer Services Ltd		8,407
	6,256		Sesa Goa Ltd		44,692
	1,661		Siemens India Ltd		30,895
	524	f	State Bank of India Ltd (GDR) (purchased 11/10/10, cost $70,149)		61,570
	8,975		Steel Authority Of India		31,643
	22,644		Sterlite Industries India Ltd		81,385

232

TIAA -CREF FUNDS- Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	5,452		Sun Pharmaceuticals Industries Ltd	$	52,490
	13,086	*	Suzlon Energy Ltd		14,077
	7,537		Tata Consultancy Services Ltd		190,684
	4,181		Tata Motors Ltd		104,739
	1,744		Tata Power Co Ltd		47,314
	4,945		Tata Steel Ltd		69,104
	1,670		Ultra Tech Cement Ltd		36,555
	12,124		Unitech Ltd		12,770
	5,385		United Phosphorus Ltd		16,048
	1,513		United Spirits Ltd		41,018
	3,397		UTI Bank Ltd		92,263
	8,291		Wipro Ltd		79,318
	4,653		ZEE Telefilms Ltd		11,696
			TOTAL INDIA		4,291,167
INDONESIA - 2.1%
	342,000		Adaro Energy Tbk		85,832
	394,000		Bank Rakyat Indonesia		212,564
	141,000		PT Aneka Tambang Tbk		34,227
	16,000		PT Astra Agro Lestari Tbk		38,684
	70,500		PT Astra International Tbk		383,869
	365,000		PT Bank Central Asia Tbk		229,272
	92,000		PT Bank Danamon Indonesia Tbk		60,813
	263,000		PT Bank Mandiri Persero Tbk		174,388
	274,693		PT Bank Negara Indonesia		98,430
	622,000		PT Bumi Resources Tbk		189,302
	294,000		PT Charoen Pokphand Indonesia Tbk		48,731
	21,000		PT Gudang Garam Tbk		86,778
	14,500		PT Indo Tambangraya Megah		74,655
	54,500		PT Indocement Tunggal Prakarsa Tbk		82,129
	163,500		PT Indofood Sukses Makmur Tbk		85,328
	178,000		PT Kalbe Farma Tbk		55,992
	390,500		PT Perusahaan Gas Negara		183,622
	109,500		PT Semen Gresik Persero Tbk		94,297
	30,000		PT Tambang Batubara Bukit Asam Tbk		65,834
	355,000		PT Telekomunikasi Indonesia Tbk (Series B)		297,042
	50,000		PT Unilever Indonesia Tbk		83,557
	54,000		PT United Tractors Tbk		128,378
			TOTAL INDONESIA		2,793,724
KOREA, REPUBLIC OF - 14.2%
	109		Amorepacific Corp		105,666
	2,087	*	Celltrion, Inc		67,041
	1,613		Cheil Industries, Inc		173,203
	315		CJ CheilJedang Corp		54,213
	3,000		Daegu Bank		41,604
	1,017		Daelim Industrial Co		113,250
	3,680		Daewoo Engineering & Construction Co Ltd		45,393
	1,290		Daewoo International Corp		43,819
	4,530		Daewoo Securities Co Ltd		106,472
	3,470		Daewoo Shipbuilding & Marine Engineering Co Ltd		126,874
	532		DC Chemical Co Ltd		180,404

233

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,620		Dongbu Insurance Co Ltd	$	65,785
	1,480		Dongkuk Steel Mill Co Ltd		47,523
	391		Doosan Corp		58,433
	1,550		Doosan Heavy Industries and Construction Co Ltd		109,209
	3,150	*	Doosan Infracore Co Ltd		84,325
	434		GLOVIS Co Ltd		60,521
	1,288		GS Engineering & Construction Corp		136,858
	1,840		GS Holdings Corp		137,181
	6,110		Hana Financial Group, Inc		242,845
	786		Hanjin Heavy Industries & Construction Co Ltd		26,977
	1,950		Hanjin Shipping Co Ltd		64,567
	2,060		Hankook Tire Co Ltd		50,974
	3,080		Hanwha Chemical Corp		111,510
	1,681		Hanwha Corp		85,929
	501		Honam Petrochemical Corp		162,227
	17,560	*	Hynix Semiconductor, Inc		465,792
	865		Hyosung Corp		71,100
	351		Hyundai Department Store Co Ltd		41,114
	2,140		Hyundai Development Co		71,495
	2,389		Hyundai Engineering & Construction Co Ltd		185,683
	1,325		Hyundai Heavy Industries		575,026
	920		Hyundai Merchant Marine Co Ltd		27,645
	413		Hyundai Mipo Dockyard		75,992
	2,374		Hyundai Mobis		548,708
	5,286		Hyundai Motor Co		846,427
	1,410		Hyundai Motor Co Ltd (2nd Preference)		83,439
	950		Hyundai Motor Co Ltd (Preference)		52,462
	4,610		Hyundai Securities Co		58,606
	1,966		Hyundai Steel Co		244,725
	4,740		Industrial Bank Of Korea		72,027
	3,590		Kangwon Land, Inc		83,325
	11,451		KB Financial Group, Inc		590,919
	184		KCC Corp		56,095
	8,270		Kia Motors Corp		405,176
	9,100	*	Korea Electric Power Corp		230,636
	7,820		Korea Exchange Bank		73,433
	970		Korea Gas Corp		36,274
	1,120		Korea Investment Holdings Co Ltd		50,621
	6,940		Korea Life Insurance Co Ltd		48,401
	318		Korea Zinc Co Ltd		84,716
	752		Korean Air Lines Co Ltd		48,879
	3,340		KT Corp		124,699
	3,910		KT&G Corp		206,368
	1,618		LG Chem Ltd		608,858
	311		LG Chem Ltd (Preference)		44,884
	3,354		LG Corp		255,397
	2,917		LG Electronics, Inc		305,022
	820		LG Electronics, Inc (Preference)		31,886
	286		LG Household & Health Care Ltd		104,016
	266		LG Innotek Co Ltd		33,455
	7,060		LG Telecom Ltd		41,276
	8,210		LG.Philips LCD Co Ltd		279,189

234

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	27		Lotte Confectionery Co Ltd	$	34,144
	291		Lotte Shopping Co Ltd		117,818
	680		LS Cable Ltd		62,378
	610		LS Industrial Systems Co Ltd		41,661
	201		MANDO CORP		26,107
	939		Mirae Asset Securities Co Ltd		42,153
	506		Ncsoft		87,236
	1,391	*	NHN Corp		248,100
	2,270		POSCO		922,332
	3,980		Pusan Bank		48,175
	567		S1 Corp (Korea)		27,294
	1,614		Samsung Card Co		79,831
	4,407		Samsung Corp		281,764
	1,869		Samsung Electro-Mechanics Co Ltd		217,338
	3,816		Samsung Electronics Co Ltd		3,350,393
	720		Samsung Electronics Co Ltd (Preference)		427,652
	1,072		Samsung Engineering Co Ltd		189,309
	1,257		Samsung Fire & Marine Insurance Co Ltd		260,002
	5,740		Samsung Heavy Industries Co Ltd		219,236
	1,794		Samsung Life Insurance Co Ltd		165,279
	1,058		Samsung SDI Co Ltd		147,553
	1,812		Samsung Securities Co Ltd		143,306
	1,362		Samsung Techwin Co Ltd		114,310
	708		Seoul Semiconductor Co Ltd		25,905
	14,046		Shinhan Financial Group Co Ltd		623,502
	501		Shinsegae Co Ltd		257,358
	360		SK C&C Co Ltd		32,833
	934		SK Corp		138,702
	2,110		SK Energy Co Ltd		386,990
	3,580		SK Networks Co Ltd		39,594
	228		SK Telecom Co Ltd		33,506
	8,000		SK Telecom Co Ltd (ADR)		138,400
	1,600		S-Oil Corp		159,411
	3,220		STX Pan Ocean Co Ltd		31,302
	3,360		Tong Yang Investment Bank		27,140
	910		Woongjin Coway Co Ltd		28,356
	8,970		Woori Finance Holdings Co Ltd		114,242
	3,300		Woori Investment & Securities Co Ltd		63,846
	306		Yuhan Corp		41,070
			TOTAL KOREA, REPUBLIC OF		19,062,097
MALAYSIA - 3.0%
	28,900	*	AirAsia BHD		26,098
	38,400		Alliance Financial Group BHD		40,002
	65,300		AMMB Holdings BHD		141,851
	10,200		Asiatic Development BHD		28,234
	76,400	*	Berjaya Corp BHD		27,341
	28,400		Berjaya Sports Toto BHD		39,150
	4,800		British American Tobacco Malaysia BHD		74,071
	141,400		Bumiputra-Commerce Holdings BHD		388,476
	13,400		Bursa Malaysia BHD		36,535
	12,800		Digi.Com BHD		107,033

235

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	61,200		Gamuda BHD	$	76,394
	78,500		Genting BHD		274,240
	18,500		Hong Leong Bank BHD		55,941
	9,500		Hong Leong Credit BHD		27,298
	40,300		IJM Corp BHD		86,252
	118,600		IOI Corp BHD		222,982
	17,500		Kuala Lumpur Kepong BHD		122,383
	14,600		Lafarge Malayan Cement BHD		37,502
	112,100		Malayan Banking BHD		320,119
	81,300		Maxis BHD		142,134
	40,900		MISC BHD		111,287
	33,200		MMC Corp BHD		30,827
	13,231		Parkson Holdings BHD		24,478
	72,200	*	Petronas Chemicals Group BHD		144,093
	10,700		Petronas Dagangan BHD		42,319
	18,300		Petronas Gas BHD		66,963
	54,100		PLUS Expressways BHD		77,485
	14,700		PPB Group BHD		82,182
	38,000		Public Bank BHD (Foreign)		166,324
	108,000		Resorts World BHD		118,075
	17,200		RHB Capital BHD		47,566
	95,400		Sime Darby BHD		286,928
	5,700		SP Setia BHD		11,959
	42,500		Telekom Malaysia BHD		51,662
	87,550		Tenaga Nasional BHD		176,508
	91,600	*	TM International BHD		144,267
	22,500		UMW Holdings BHD		52,931
	25,400		YTL Corp BHD		67,355
	80,400		YTL Power International BHD		61,764
			TOTAL MALAYSIA		4,039,009
MEXICO - 4.7%
	10,795		Alfa S.A. de C.V. (Class A)		117,570
	688,085		America Movil S.A. de C.V. (Series L)		1,959,717
	326,187	*	Cemex S.A. de C.V.		308,145
	10,160		Coca-Cola Femsa S.A. de C.V.		80,360
	38,686	*	Compartamos SAB de C.V.		77,876
	6,000	*	Desarrolladora Homex S.A. de C.V.		30,497
	15,118		Embotelladoras Arca SAB de C.V.		80,805
	75,737		Fomento Economico Mexicano S.A. de C.V.		401,880
	18,128		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		70,743
	12,930		Grupo Bimbo S.A. de C.V. (Series A)		109,176
	22,098		Grupo Carso S.A. de C.V. (Series A1)		63,665
	1,815		Grupo Elektra S.A. de C.V.		75,431
	50,187		Grupo Financiero Banorte S.A. de C.V.		223,319
	30,266		Grupo Financiero Inbursa S.A.		132,082
	133,202		Grupo Mexico S.A. de C.V. (Series B)		520,466
	22,852		Grupo Modelo S.A. (Series C)		140,849
	82,226		Grupo Televisa S.A.		396,116
	3,627		Industrias Penoles S.A. de C.V.		120,243
	17,300	*	Inmuebles Carso SAB de C.V.		18,397
	19,314		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		106,688

236

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	29,760		Mexichem SAB de C.V.	$	106,249
	21,440	*	Minera Frisco SAB de C.V.		91,674
	7,476		Southern Copper Corp (NY)		335,074
	191,447		Telefonos de Mexico S.A. de C.V. (Series L)		166,023
	16,222	*	Urbi Desarrollos Urbanos S.A. de C.V		39,261
	218,189		Wal-Mart de Mexico S.A. de C.V. (Series V)		606,131
			TOTAL MEXICO		6,378,437
MOROCCO - 0.1%
	713		Attijariwafa Bank		36,529
	2,891		Douja Promotion Groupe Addoha S.A.		36,323
	4,652		Maroc Telecom		87,076
			TOTAL MOROCCO		159,928
NETHERLANDS - 0.1%
	14,658		Hindustan Lever Ltd		86,815
			TOTAL NETHERLANDS		86,815
PERU - 0.4%
	6,722		Compania de Minas Buenaventura S.A. (ADR) (Series B)		275,602
	2,072		Credicorp Ltd (NY)		216,027
			TOTAL PERU		491,629
PHILIPPINES - 0.4%
	73,700		Aboitiz Power Corp		46,398
	166,400		Alliance Global Group, Inc		43,218
	6,690		Ayala Corp		51,452
	89,200		Ayala Land, Inc		29,766
	18,470		Banco de Oro Universal Bank		21,237
	35,500		Bank of the Philippine Islands		41,352
	730		Globe Telecom, Inc		12,733
	18,480		Jollibee Foods Corp		31,396
	10,900		Manila Electric Co		53,051
	15,741		Metropolitan Bank & Trust		23,125
	1,725		Philippine Long Distance Telephone Co		95,739
	280,000		PNOC Energy Development Corp		36,730
	6,920		SM Investments Corp		73,563
	51,500		SM Prime Holdings		12,081
			TOTAL PHILIPPINES		571,841
POLAND - 1.6%
	2,499		Asseco Poland S.A.		46,081
	889		Bank Handlowy w Warszawie S.A.		29,509
	4,181		Bank Pekao S.A.		248,994
	843		Bank Zachodni WBK S.A.		64,186
	296	*	BRE Bank S.A.		31,332
	2,687		Cyfrowy Polsat S.A.		14,814
	4,650		Enea S.A.		36,610
	6,355	*	Getin Holding S.A.		27,596
	3,048	*	Grupa Lotos S.A.		43,745
	4,936		KGHM Polska Miedz S.A.		288,893

237

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	437		PBG S.A.	$	31,064
	63,600		Polish Oil & Gas Co		80,500
	23,391		Polska Grupa Energetyczna S.A.		186,322
	11,459	*	Polski Koncern Naftowy Orlen S.A.		190,260
	21,996		Powszechna Kasa Oszczednosci Bank Polski S.A.		315,205
	1,693		Powszechny Zaklad Ubezpieczen S.A.		203,632
	37,150	*	Tauron Polska Energia S.A.		81,361
	26,449		Telekomunikacja Polska S.A.		154,811
	3,952		TVN S.A.		22,910
			TOTAL POLAND		2,097,825
RUSSIA - 6.3%
	3,605	f	AFK Sistema (GDR) (purchased 9/1/10, cost $91,292)		82,783
	5,335	f	Comstar United Telesystems (GDR) (purchased 9/1/10, cost $34,558)		34,567
	159	*,f	Evraz Group S.A. (GDR) (purchased 1/31/11, cost $6,301)		6,302
	91,827		Gazprom (ADR)		2,431,839
	298		Gazpromneft OAO (ADR)		6,568
	16,267		LUKOIL (ADR)		996,813
	7,909	f	Magnit OAO (GDR) (purchased 9/1/10, cost $171,131)		206,992
	5,234		Mechel Steel Group OAO (ADR)		165,028
	19,500		MMC Norilsk Nickel (ADR)		494,441
	17,519		Mobile TeleSystems (ADR)		334,788
	3,198	f	NovaTek OAO (GDR) (purchased 9/1/10, cost $244,277)		361,118
	3,249	f	Novolipetsk Steel (GDR) (purchased 9/1/10, cost $98,869)		138,696
	609	f	Novorossiysk Commercial Sea Port (GDR) (purchased 1/31/11, cost $6,387)		6,371
	209	*,f	Pharmstandard (GDR) (purchased 1/31/11, cost $6,264)		6,264
	3,890	*,f	Polymetal (GDR) (purchased 9/1/10, cost $48,258)		64,496
	3,126		Polyus Gold Co (ADR)		105,382
	55,296	f	Rosneft Oil Co (GDR) (purchsed 9/1/10, cost $360,032)		473,038
	198		Rostelecom (ADR)		6,683
	41,120	*	RusHydro (ADR)		204,187
	2,778	f	Sberbank (GDR) (purchased 9/1/10, cost $828,453)		1,053,570
	7,330	f	Severstal (GDR) (purchased 9/1/10, cost $91,203)		132,581
	37,253		Surgutneftegaz (ADR)		414,563
	7,222		Tatneft (ADR)		257,025
	2,347	*,f	TMK OAO (GDR) (purchased 9/1/10, cost $36,585)		47,222
	5,299	f	Uralkali (GDR) (purchased 9/1/10, cost $126,141)		200,690
	27,687	f	VTB Bank OJSC (GDR) (purchased 9/1/10, cost $146,078)		198,084
	2,326		Wimm-Bill-Dann Foods OJSC (ADR)		76,921
	146	*,f	X 5 Retail Group NV (GDR) (purchased 1/31/11, cost $6,189)		6,202
			TOTAL RUSSIA		8,513,214
SOUTH AFRICA - 7.0%
	10,290		ABSA Group Ltd		190,559
	26,195		African Bank Investments Ltd		133,219
	3,891		African Rainbow Minerals Ltd		114,028
	2,333	*	Anglo Platinum Ltd		229,193
	13,283		AngloGold Ashanti Ltd		570,955
	9,459		Aspen Pharmacare Holdings Ltd		112,124

238

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	13,545		Aveng Ltd	$	71,697
	10,563		Bidvest Group Ltd		225,466
	10,046		Discovery Holdings Ltd		52,665
	99,540		FirstRand Ltd		270,453
	7,615		Foschini Ltd		84,197
	24,750		Gold Fields Ltd		391,474
	35,715		Growthpoint Properties Ltd		85,250
	13,924		Harmony Gold Mining Co Ltd		151,485
	17,649		Impala Platinum Holdings Ltd		502,475
	6,226		Imperial Holdings Ltd		95,666
	8,829		Investec Ltd		66,321
	2,872		Kumba Iron Ore Ltd		180,195
	4,410		Kumba Resources Ltd		88,196
	4,087		Liberty Holdings Ltd		40,967
	6,921		Massmart Holdings Ltd		137,362
	39,147		Metropolitan Holdings Ltd		89,456
	6,691		Mittal Steel South Africa Ltd		76,452
	57,478		MTN Group Ltd		985,114
	12,059		Murray & Roberts Holdings Ltd		52,176
	13,416		Naspers Ltd (N Shares)		698,446
	6,545		Nedbank Group Ltd		115,978
	40,305		Network Healthcare Holdings Ltd		81,013
	4,796		Northam Platinum Ltd		28,760
	8,495		Pick’n Pay Stores Ltd		50,692
	19,146		Pretoria Portland Cement Co Ltd		83,058
	56,583		Redefine Income Fund Ltd		59,879
	15,342		Remgro Ltd		233,305
	6,851		Reunert Ltd		60,985
	26,211		RMB Holdings Ltd		139,999
	66,841		Sanlam Ltd		253,043
	19,834	*	Sappi Ltd		100,493
	19,975		Sasol Ltd		968,865
	14,556		Shoprite Holdings Ltd		180,674
	6,397		Spar Group Ltd		80,748
	41,378		Standard Bank Group Ltd		606,548
	41,637	*	Steinhoff International Holdings Ltd		135,205
	10,200		Telkom S.A. Ltd		49,949
	5,819		Tiger Brands Ltd		150,544
	15,633		Truworths International Ltd		138,719
	13,470		Vodacom Group Pty Ltd		131,268
	26,783		Woolworths Holdings Ltd		87,720
			TOTAL SOUTH AFRICA		9,433,036
SWITZERLAND - 0.0%
	73		ING Bank Slaski S.A.		21,676
			TOTAL SWITZERLAND		21,676
TAIWAN - 10.5%
	83,000		Acer, Inc		225,501
	153,000		Advanced Semiconductor Engineering, Inc		189,936
	5,000		Advantech Co Ltd		15,406
	66,000		Asia Cement Corp		72,583

239

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	19,000		Asustek Computer, Inc	$	170,425
	244,000		AU Optronics Corp		238,482
	38,000	*	Benq Corp		26,764
	24,000		Capital Securities Corp		12,867
	16,000		Catcher Technology Co Ltd		65,984
	211,000		Cathay Financial Holding Co Ltd		390,082
	109,000		Chang Hwa Commercial Bank		92,416
	34,000		Cheng Shin Rubber Industry Co Ltd		75,001
	8,000		Cheng Uei Precision Industry Co Ltd		17,741
	13,000		Chicony Electronics Co Ltd		28,298
	35,000	*	China Airlines		26,751
	295,000		China Development Financial Holding Corp		135,010
	43,000		China Life Insurance Co Ltd (Taiwan)		44,883
	11,000		China Motor Corp		10,390
	39,000	*	China Petrochemical Development Corp		44,127
	323,000		China Steel Corp		374,745
	270,000		Chinatrust Financial Holding Co		229,179
	104,000	*	Chunghwa Picture Tubes Ltd		15,825
	121,600		Chunghwa Telecom Co Ltd		371,973
	8,000		Clevo Co		17,517
	107,000	*	CMC Magnetics Corp		29,243
	137,000		Compal Electronics, Inc		180,763
	27,000		Coretronic Corp		45,719
	57,000		Delta Electronics, Inc		262,926
	93,000		E.Sun Financial Holding Co Ltd		63,245
	18,000		Epistar Corp		65,609
	28,000		Eternal Chemical Co Ltd		33,117
	21,000	*	Eva Airways Corp		24,266
	43,000	*	Evergreen Marine Corp Tawain Ltd		44,988
	7,000		Everlight Electronics Co Ltd		21,197
	13,000		Far Eastern Department Stores Co Ltd		23,059
	93,000		Far Eastern Textile Co Ltd		157,718
	54,000		Far EasTone Telecommunications Co Ltd		80,855
	7,000		Farglory Land Development Co Ltd		17,357
	9,000		Feng Hsin Iron & Steel Co		17,310
	136,000		First Financial Holding Co Ltd		124,455
	93,000		Formosa Chemicals & Fibre Corp		338,313
	1,000		Formosa International Hotels Corp		17,333
	40,000		Formosa Petrochemical Corp		129,081
	128,000		Formosa Plastics Corp		436,167
	21,000		Foxconn Technology Co Ltd		84,306
	167,000		Fubon Financial Holding Co Ltd		231,987
	206,000		Fuhwa Financial Holdings Co Ltd		165,999
	4,000		Giant Manufacturing Co Ltd		15,565
	107,000	*	HannStar Display Corp		20,853
	21,000		High Tech Computer Corp		705,937
	8,000		Highwealth Construction Corp		18,585
	264,000		Hon Hai Precision Industry Co, Ltd		1,126,326
	113,000		Hua Nan Financial Holdings Co Ltd		91,589
	157,000		InnoLux Display Corp		197,277
	63,000	*	Inotera Memories, Inc		39,632
	64,000		Inventec Co Ltd		37,398

240

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	98,000		KGI Securities Co Ltd	$	56,510
	8,000		Kinsus Interconnect Technology Corp		25,768
	3,000		Largan Precision Co Ltd		81,850
	9,000		LEE Chang Yung Chem IND Corp		23,061
	70,000		Lite-On Technology Corp		94,949
	121,000		Macronix International		93,237
	30,000		MediaTek, Inc		406,954
	254,000		Mega Financial Holding Co Ltd		205,561
	43,000		Mitac International		21,926
	5,000		Motech Industries, Inc		19,892
	8,000	*	Nan Kang Rubber Tire Co Ltd		12,643
	151,000		Nan Ya Plastics Corp		416,266
	7,000		Nan Ya Printed Circuit Board Corp		26,247
	21,656	*	Nanya Technology Corp		13,638
	16,000		Novatek Microelectronics Corp Ltd		52,932
	53,000	*	Pegatron Technology Corp		72,752
	3,000		Phison Electronics Corp		19,547
	65,000		Polaris Securities Co Ltd		45,383
	63,000		Pou Chen Corp		59,733
	22,000		Powertech Technology, Inc		82,249
	19,000		President Chain Store Corp		80,918
	22,000	*	Prime View International Co Ltd		39,740
	83,000		Quanta Computer, Inc		175,038
	8,000		Realtek Semiconductor Corp		18,732
	3,000		Richtek Technology Corp		23,324
	10,000		Ruentex Industries Ltd		23,526
	182,934	*	Shin Kong Financial Holding Co Ltd		92,308
	102,000		Siliconware Precision Industries Co		143,426
	6,000		Simplo Technology Co Ltd		42,341
	6,000		Sino-American Silicon Products, Inc		24,556
	167,000		SinoPac Financial Holdings Co Ltd		80,650
	35,000		Synnex Technology International Corp		92,044
	19,000		Tainan Spinning Co Ltd		13,429
	129,000	*	Taishin Financial Holdings Co Ltd		74,516
	111,914		Taiwan Cement Corp		120,200
	111,000		Taiwan Cooperative Bank		94,083
	22,000		Taiwan Fertilizer Co Ltd		82,330
	27,000		Taiwan Glass Industrial Corp		36,027
	61,000		Taiwan Mobile Co Ltd		143,869
	750,000		Taiwan Semiconductor Manufacturing Co Ltd		1,950,263
	48,000		Teco Electric and Machinery Co Ltd		29,926
	6,000		Transcend Information, Inc		17,772
	11,000		Tripod Technology Corp		50,654
	20,000		TSRC Corp		51,998
	17,000		Tung Ho Steel Enterprise Corp		20,005
	18,000		U-Ming Marine Transport Corp		38,661
	41,000		Unimicron Technology Corp		84,798
	119,000		Uni-President Enterprises Corp		162,741
	407,000		United Microelectronics Corp		250,251
	91,000	*	Walsin Lihwa Corp		54,841
	33,000	*	Wan Hai Lines Ltd		27,514
	86,000	*	Winbond Electronics Corp		31,727

241

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	28,000	*	Wintek Corp	$	47,908
	64,000		Wistron Corp		124,914
	21,000		WPG Holdings Co Ltd		41,091
	40,000		Yang Ming Marine Transport		40,210
	3,143		Young Fast Optoelectronics Co Ltd		31,322
	19,000		Yulon Motor Co Ltd		39,509
			TOTAL TAIWAN		14,068,321
THAILAND - 1.5%
	24,700		Advanced Info Service PCL		64,208
	46,500		Bangkok Bank PCL (Foreign Reg)		227,165
	39,400		Bank of Ayudhya PCL		31,518
	5,850		Banpu PCL		139,371
	27,600		BEC World PCL (Foreign)		28,269
	112,800		Charoen Pokphand Foods PCL		80,142
	67,800		CP Seven Eleven PCL		84,683
	20,100		Glow Energy PCL		26,242
	24,100		Indorama Ventures PCL		30,448
	379,900		IRPC PCL		62,339
	57,200		Kasikornbank PCL (Foreign)		219,451
	73,800		Krung Thai Bank PCL		37,861
	47,200		PTT Aromatics & Refining PCL		56,822
	13,900		PTT Chemical PCL		63,212
	41,300		PTT Exploration & Production PCL		215,571
	29,900		PTT PCL		325,667
	10,900		Siam Cement PCL reg		117,909
	50,300		Siam Commercial Bank PCL		153,600
	13,900		Thai Airways International PCL		16,973
	32,200		Thai Oil PCL		71,233
			TOTAL THAILAND		2,052,684
TURKEY - 1.4%
	42,747		Akbank TAS		201,068
	7,485		Anadolu Efes Biracilik Ve Malt Sanayii AS		92,326
	4,292		Arcelik AS		22,262
	11,964		Asya Katilim Bankasi AS		20,960
	3,076		BIM Birlesik Magazalar AS		98,832
	11,493		Enka Insaat ve Sanayi AS		43,389
	15,851	*	Eregli Demir ve Celik Fabrikalari TAS		49,846
	22,593		Haci Omer Sabanci Holding AS		96,484
	22,297		KOC Holding AS		91,430
	4,566		Tupras Turkiye Petrol Rafine		118,684
	8,093		Turk Hava Yollari		26,086
	19,166		Turk Telekomunikasyon AS		78,645
	24,466		Turkcell Iletisim Hizmet AS		150,777
	73,830		Turkiye Garanti Bankasi AS		330,022
	11,618		Turkiye Halk Bankasi AS		92,145
	56,374		Turkiye Is Bankasi (Series C)		177,884
	28,569		Turkiye Vakiflar Bankasi Tao		70,675
	25,265	*	Yapi ve Kredi Bankasi		73,897
			TOTAL TURKEY		1,835,412

242

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
UKRAINE - 0.0%
	1,493	*	Kernel Holding S.A.	$	42,048
			TOTAL UKRAINE		42,048
UNITED STATES - 3.2%
	52,500		iShares MSCI Emerging Markets		2,405,025
	119,000	*	iShares MSCI Taiwan Index Fund		1,852,830
			TOTAL UNITED STATES		4,257,855
			TOTAL COMMON STOCKS		126,921,043
			(Cost $112,922,259)
PREFERRED STOCKS - 0.5%
BRAZIL - 0.5%
	25,875	*	Ambev Cia De Bebidas Das		695,247
			TOTAL BRAZIL		695,247
			TOTAL PREFERRED STOCKS		695,247
			(Cost $581,927)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	1,690		Centrais Eletricas Brasileiras S.A.		81
			TOTAL BRAZIL		81
THAILAND - 0.0%
	2,678		IVL T1		177
			TOTAL THAILAND		177
			TOTAL RIGHTS / WARRANTS		258
			(Cost $0)
			TOTAL INVESTMENTS - 98.7%		132,692,213
			(Cost $118,404,186)
			OTHER ASSETS & LIABILITIES, NET - 1.3%		1,774,136
			NET ASSETS - 100.0%	$	134,466,349

	Abbreviation(s):
	ADR - American Depositary Receipt
	GDR - Global Depositary Receipt
*	Non-income producing.
f	Restricted security. At January 31, 2011, the value of these securities amounted to $3,087,243 or 2.3% of net assets.
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 1/31/2011, the value of this security amounted to $5,075,665 or 3.8% of net assets.
m	Indicates a security that has been deemed illiquid.

243

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
January 31, 2011

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	39,508,947		29.4	%
MATERIALS		19,657,725		14.6
ENERGY		16,685,026		12.4
INFORMATION TECHNOLOGY		16,016,875		11.9
TELECOMMUNICATION SERVICES		9,676,195		7.2
INDUSTRIALS		9,254,811		6.9
CONSUMER STAPLES		8,363,999		6.2
CONSUMER DISCRETIONARY		8,227,597		6.1
UTILITIES		4,223,133		3.2
HEALTH CARE		1,077,905		0.8
OTHER ASSETS & LIABILITIES, NET		1,774,136		1.3
NET ASSETS	$	134,466,349		100.0	%

244

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

TIAA-CREF FUNDS
ENHANCED INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUSTRALIA - 8.2%
	19,215		AGL Energy Ltd	$	285,726
	39,492		AMP Ltd		211,127
	237,890		Australia & New Zealand Banking Group Ltd		5,637,922
	89,104		Bendigo Bank Ltd		870,684
	147,221		BHP Billiton Ltd		6,549,658
	26,994		Brambles Ltd		193,723
	88,697		Caltex Australia Ltd		1,189,811
	146,617		CFS Gandel Retail Trust		265,008
	67,883		Coca-Cola Amatil Ltd		760,512
	1,044		Cochlear Ltd		80,307
	113,858		Commonwealth Bank of Australia		5,974,789
	34,697		CSL Ltd		1,290,848
	38,927		Incitec Pivot Ltd		167,634
	470,435		John Fairfax Holdings Ltd		633,797
	27,546		Leighton Holdings Ltd		868,050
	64,096		Metcash Ltd		268,836
	71,853		National Australia Bank Ltd		1,772,947
	12,857		Newcrest Mining Ltd		476,201
	3,154		OneSteel Ltd		8,598
	204,423		QBE Insurance Group Ltd		3,574,771
	5,388		Ramsay Health Care Ltd		91,896
	67,715		Rio Tinto Ltd		5,699,817
	86,072		Santos Ltd		1,162,324
	21,349		Stockland Trust Group		76,719
	673,984		Telstra Corp Ltd		1,885,626
	15,899	*	WESTFIELD RETAIL TRUST		41,987
	129,549		Westpac Banking Corp		2,979,818
	118,934		Woolworths Ltd		3,164,234
	24,231		WorleyParsons Ltd		670,298
			TOTAL AUSTRALIA		46,853,668
AUSTRIA - 0.5%
	60,832		OMV AG.		2,695,292
			TOTAL AUSTRIA		2,695,292
BELGIUM - 0.8%
	3,422		Bekaert S.A.		342,494
	2,413		Belgacom S.A.		86,663
	408,956		Fortis		1,158,779
	55,603		InBev NV		3,068,012
			TOTAL BELGIUM		4,655,948
DENMARK - 1.0%
	25,162		Carlsberg AS (Class B)		2,501,574

245

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
	29,821		Novo Nordisk AS (Class B)	$	3,357,540
			TOTAL DENMARK		5,859,114
FINLAND - 1.4%
	35,443		Fortum Oyj		1,090,610
	218,840		Nokia Oyj		2,334,263
	54,708		OKO Bank (Class A)		729,623
	11,545		Stora Enso Oyj (R Shares)		137,335
	184,239		UPM-Kymmene Oyj		3,793,174
			TOTAL FINLAND		8,085,005
FRANCE - 9.5%
	54,670		AXA S.A.		1,157,023
	102,054		BNP Paribas		7,617,162
	10,649		Bureau Veritas S.A.		772,094
	21,567		Casino Guichard Perrachon S.A.		2,105,982
	16,852		Christian Dior S.A.		2,312,837
	180,475		Credit Agricole S.A.		2,663,363
	131,145		Gaz de France		5,194,637
	21,656		M6-Metropole Television		528,283
	11,927		Neopost S.A.		1,078,973
	49,359	*	Peugeot S.A.		2,063,889
	50,295		Publicis Groupe S.A.		2,587,278
	81,209		Safran S.A.		2,934,033
	84,643		Sanofi-Aventis		5,784,732
	42,391		SCOR		1,173,003
	8,682		Societe BIC S.A.		745,550
	8,092		Sodexho Alliance S.A.		556,399
	149,192		Total S.A.		8,730,164
	63,082		Vinci S.A.		3,642,198
	89,967		Vivendi Universal S.A.		2,571,900
			TOTAL FRANCE		54,219,500
GERMANY - 8.0%
	27,951		Adidas-Salomon AG.		1,739,456
	40,693		Allianz AG.		5,656,623
	75,225		BASF AG.		5,791,122
	51,211		Bayerische Motoren Werke AG.		3,930,295
	6,978		Deutsche Bank AG.		412,609
	5,341		Deutsche Lufthansa AG.		112,222
	161,251		Deutsche Post AG.		2,961,739
	19,835		E.ON AG.		661,738
	27,513		Fresenius SE		2,403,417
	24,066		Hannover Rueckversicherung AG.		1,345,970
	34,835		Henkel KGaA (Preference)		2,119,486
	16,372		Hochtief AG.		1,446,978
	302,342	*	Infineon Technologies AG.		3,202,781
	26,614		SAP AG.		1,539,689
	73,531		Siemens AG.		9,426,199
	31,371		Suedzucker AG.		839,025
	57,250		United Internet AG.		950,338
	6,175		Volkswagen AG.		939,416
			TOTAL GERMANY		45,479,103

246

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
GREECE - 0.1%
	33,750		Public Power Corp	$	550,890
			TOTAL GREECE		550,890
HONG KONG - 2.6%
	39,700		ASM Pacific Technology		476,241
	121,000		CLP Holdings Ltd		982,096
	38,000		Hang Lung Group Ltd		240,749
	142,000		Hong Kong Electric Holdings Ltd		899,720
	52,400		Hong Kong Exchanges and Clearing Ltd		1,207,385
	112,000		Li & Fung Ltd		729,492
	724,091		Link Real Estate Investment Trust		2,277,066
	942,178		New World Development Ltd		1,799,651
	94,000		Noble Group Ltd		161,587
	610,000		SJM Holdings Ltd		1,025,891
	173,500		Swire Pacific Ltd (Class A)		2,744,475
	247,000		Wharf Holdings Ltd		1,878,235
	127,000		Wheelock & Co Ltd		517,341
			TOTAL HONG KONG		14,939,929
IRELAND - 0.2%
	32,676		CRH plc		703,350
	14,990		Kerry Group plc (Class A)		485,793
			TOTAL IRELAND		1,189,143
ISRAEL - 0.7%
	56,634		Bank Leumi Le-Israel		255,645
	83,085		Bezeq Israeli Telecommunication Corp Ltd		221,673
	2,376		Cellcom Israel Ltd		71,619
	366		Delek Group Ltd		82,360
	25,026		Israel Chemicals Ltd		393,967
	111	*	Israel Corp Ltd		127,443
	38,111		Mizrahi Tefahot Bank Ltd		362,235
	1,081	*	Nice Systems Ltd		35,205
	4,083		Partner Communications		77,762
	46,659		Teva Pharmaceutical Industries Ltd		2,545,161
			TOTAL ISRAEL		4,173,070
ITALY - 2.4%
	1,036,400		Banca Intesa S.p.A.		3,451,476
	332,092		Banca Intesa S.p.A. RSP		957,932
	149,749		Enel S.p.A.		845,416
	11,941		ENI S.p.A.		282,716
	30,603		Exor S.p.A.		944,026
	166,467		Fiat S.p.A.		1,615,406
	53,670		Finmeccanica S.p.A.		725,092
	50,291		Mediobanca S.p.A.		508,093
	212,322		Pirelli & C S.p.A.		1,622,464
	1,778,554		Telecom Italia RSP		2,117,665

247

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
	598,351		Telecom Italia S.p.A.	$	849,988
			TOTAL ITALY		13,920,274
JAPAN - 20.9%
	174,700		Aeon Co Ltd		2,198,049
	57,300	*	Aisin Seiki Co Ltd		2,176,652
	14,600		Alfresa Holdings Corp		602,641
	98,000		Asahi Glass Co Ltd		1,223,821
	301,000		Asahi Kasei Corp		2,055,361
	22,900		Astellas Pharma, Inc		874,847
	59,700		Brother Industries Ltd		913,194
	78,100		Canon, Inc		3,844,373
	202		Central Japan Railway Co		1,706,046
	78,000		Chubu Electric Power Co, Inc		1,949,179
	4,300		Chugoku Electric Power Co, Inc		89,048
	79,600		Credit Saison Co Ltd		1,361,185
	102,000		Dai Nippon Printing Co Ltd		1,395,722
	71,000	*	Daihatsu Motor Co Ltd		1,175,877
	104,800		Dainippon Sumitomo Pharma Co Ltd		941,887
	31,700		Daito Trust Construction Co Ltd		2,226,695
	11,000		Daiwa House Industry Co Ltd		134,396
	44,000	*	Daiwa Securities Group, Inc		217,702
	51,300		Denso Corp		1,892,468
	101,100		Eisai Co Ltd		3,505,348
	8,300		Electric Power Development Co		257,279
	32,100	*	Elpida Memory, Inc		465,994
	5,400	*	Fanuc Ltd		854,544
	1,300		Fast Retailing Co Ltd		189,866
	31,000	*	Fuji Heavy Industries Ltd		265,455
	20,000		Hachijuni Bank Ltd		114,471
	937,000	*	Hitachi Ltd		5,126,253
	125,400		Honda Motor Co Ltd		5,405,014
	5,700		Idemitsu Kosan Co Ltd		600,744
	152		Inpex Holdings, Inc		976,766
	4,500		Itochu Corp		48,981
	16,900		Itochu Techno-Science Corp		588,945
	129		Japan Prime Realty Investment Corp		346,142
	268	*	Japan Retail Fund Investment Corp		492,376
	8,000		Japan Steel Works Ltd		83,911
	100		Japan Tobacco, Inc		376,183
	3,500		JTEKT Corp		43,885
	43,300		Kansai Electric Power Co, Inc		1,070,519
	30,800		Kao Corp		805,632
	95		KDDI Corp		534,778
	41,000		Kirin Brewery Co Ltd		552,530
	61,600		Komatsu Ltd		1,837,362
	22,600		Konami Corp		452,456
	9,500		Kuraray Co Ltd		133,558
	25,500		Kurita Water Industries Ltd		797,805
	8,500		Kyocera Corp		886,757
	36,000		Marubeni Corp		271,041
	5,900		Matsui Securities Co Ltd		39,212

248

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
	18,200		MEIJI Holdings Co Ltd	$	825,571
	104,000		Millea Holdings, Inc		3,098,545
	266,500		Mitsubishi Chemical Holdings Corp		1,857,357
	108,000		Mitsubishi Corp		3,015,019
	127,000		Mitsubishi Electric Corp		1,403,697
	1,033,400		Mitsubishi UFJ Financial Group, Inc		5,367,391
	6,860		Mitsubishi UFJ Lease & Finance Co Ltd		277,747
	160,800		Mitsui & Co Ltd		2,714,234
	371,000		Mitsui Chemicals, Inc		1,331,622
	476,000		Mitsui Engineering & Shipbuilding Co Ltd		1,318,187
	307,000		Mitsui Mining & Smelting Co Ltd		1,088,384
	278,000		Mizuho Financial Group, Inc		536,694
	8,400		Murata Manufacturing Co Ltd		637,850
	133,000		Nippon Steel Corp		454,628
	54,100		Nippon Telegraph & Telephone Corp		2,509,968
	458,000		Nippon Yusen Kabushiki Kaisha		2,005,734
	311,200	*	Nissan Motor Co Ltd		3,148,574
	45,500		Nisshin Seifun Group, Inc		573,543
	25,400		Nitto Denko Corp		1,268,219
	8,000	*	NKSJ Holdings, Inc		54,613
	25,300	*	Nomura Holdings, Inc		154,271
	66		Nomura Real Estate Office Fund, Inc		469,794
	62,000		NSK Ltd		594,573
	48,000	*	NTN Corp		261,227
	843		NTT DoCoMo, Inc		1,507,492
	3,720		Obic Co Ltd		716,215
	3,400		Omron Corp		87,604
	1,000		Oracle Corp Japan		45,727
	4,300		Oriental Land Co Ltd		395,924
	3,630		ORIX Corp		358,704
	197,000		Osaka Gas Co Ltd		744,392
	600		Otsuka Corp		38,079
	6,300		Sankyo Co Ltd		349,647
	35,000		Sapporo Holdings Ltd		155,398
	95,200		Sega Sammy Holdings, Inc		1,908,925
	89,000		Seiko Epson Corp		1,481,837
	209,000		Sekisui Chemical Co Ltd		1,604,889
	83,000	*	Sharp Corp		862,945
	29,300		Shikoku Electric Power Co, Inc		865,252
	22,800		Shinko Electric Industries		258,312
	46,000	*	Shinko Securities Co Ltd		121,471
	6,800		Softbank Corp		233,732
	35,000	*	Sony Corp		1,204,401
	63,500		Sumitomo Corp		914,796
	167,400		Sumitomo Electric Industries Ltd		2,433,231
	57,000		Sumitomo Metal Mining Co Ltd		937,004
	152,300		Sumitomo Mitsui Financial Group, Inc		5,178,197
	5,700	*	Suzuki Motor Corp		138,390
	274,000		Taisei Corp		656,074
	15,900		Takeda Pharmaceutical Co Ltd		766,392
	3,700		Tohoku Electric Power Co, Inc		82,256
	7,500		Tokyo Electron Ltd		490,307
	283,000		Tokyo Gas Co Ltd		1,230,537

249

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
	11,000		Tokyo Tatemono Co Ltd	$	50,636
	40,000		TonenGeneral Sekiyu KK		450,620
	20,100		Toyo Seikan Kaisha Ltd		376,810
	18,000		Toyo Suisan Kaisha Ltd		384,076
	34,000	*	Toyota Motor Corp		1,399,764
	860		USS Co Ltd		69,013
	215		West Japan Railway Co		820,808
	18,880		Yamada Denki Co Ltd		1,281,071
	18,000		Yamaguchi Financial Group, Inc		180,776
			TOTAL JAPAN		119,852,096
KAZAKHSTAN - 0.2%
	77,702		Eurasian Natural Resources Corp		1,252,179
			TOTAL KAZAKHSTAN		1,252,179
MACAU - 0.1%
	147,600		Wynn Macau Ltd		411,141
			TOTAL MACAU		411,141
MEXICO - 0.2%
	52,582		Fresnillo plc		1,091,352
			TOTAL MEXICO		1,091,352
NETHERLANDS - 4.9%
	9,070		Corio NV		592,404
	80,120		DSM NV		4,742,167
	21,066		Heineken Holding NV		934,273
	158,050		Koninklijke Ahold NV		2,140,770
	180,241		Royal Dutch Shell plc (A Shares)		6,350,168
	255,976		Royal Dutch Shell plc (B Shares)		8,919,598
	202,904		Royal KPN NV		3,193,323
	28,909		Unilever NV		854,174
			TOTAL NETHERLANDS		27,726,877
NEW ZEALAND - 0.2%
	145,882		Fletcher Building Ltd		873,700
			TOTAL NEW ZEALAND		873,700
NORWAY - 1.2%
	86,631		SeaDrill Ltd		2,853,101
	62,806		Statoil ASA		1,526,211
	105,437		Telenor ASA		1,625,754
	11,217		Yara International ASA		631,608
			TOTAL NORWAY		6,636,674
PORTUGAL - 0.3%
	420,269		Energias de Portugal S.A.		1,614,415
			TOTAL PORTUGAL		1,614,415
SINGAPORE - 1.5%
	74,000		Ascendas Real Estate Investment Trust		121,518
	429,000		ComfortDelgro Corp Ltd		533,033

250

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
	9,000		DBS Group Holdings Ltd	$	106,125
	42,000		Fraser and Neave Ltd		209,422
	1,830,000		Golden Agri-Resources Ltd		1,016,520
	25,000		Jardine Cycle & Carriage Ltd		668,177
	37,000		Keppel Corp Ltd		340,251
	164,000	*	Neptune Orient Lines Ltd		284,294
	298,000		SembCorp Industries Ltd		1,206,777
	267,000		SembCorp Marine Ltd		1,131,473
	111,000		Singapore Airlines Ltd		1,287,538
	187,000		Singapore Exchange Ltd		1,242,357
	103,000		United Overseas Land Ltd		382,979
			TOTAL SINGAPORE		8,530,464
SPAIN - 3.8%
	11,038		ACS Actividades Cons y Servicios S.A.		569,748
	32,758		Banco Bilbao Vizcaya Argentaria S.A.		401,656
	513,520		Banco Santander Central Hispano S.A.		6,287,618
	363,455		Criteria Caixacorp S.A.		2,504,165
	85,354		Enagas		1,799,839
	82,562		Gas Natural SDG S.A.		1,362,449
	38,331		Inditex S.A.		2,898,474
	3,161		Indra Sistemas S.A.		59,443
	41,622		Red Electrica de Espana		2,118,415
	25,696		Repsol YPF S.A.		808,823
	120,707		Telefonica S.A.		3,021,958
			TOTAL SPAIN		21,832,588
SWEDEN - 3.5%
	136,887		Atlas Copco AB (A Shares)		3,285,751
	210,774		Boliden AB		4,397,536
	25,842		Electrolux AB (Series B)		736,398
	36,031		Ericsson (LM) (B Shares)		444,220
	62,801		Kinnevik Investment AB (Series B)		1,398,685
	341,020		Nordea Bank AB		4,137,738
	22,292		Ratos AB (B Shares)		836,940
	137,551		Skandinaviska Enskilda Banken AB (Class A)		1,247,757
	101,881		SKF AB (B Shares)		2,909,724
	12,393		Swedish Match AB		357,089
			TOTAL SWEDEN		19,751,838
SWITZERLAND - 7.2%
	161,212		ABB Ltd		3,808,621
	111,950		Credit Suisse Group		4,997,957
	27,406		Julius Baer Holding AG.		488,802
	31		Lindt & Spruengli AG.		80,871
	184,589		Nestle S.A.		9,972,563
	164,943		Novartis AG.		9,182,347
	5,950		Pargesa Holding S.A.		524,602
	23,022		Roche Holding AG.		3,502,520
	1,565		Swiss Reinsurance Co		89,465
	10,077		Swisscom AG.		4,445,667
	14,635		Zurich Financial Services AG.		4,001,444
			TOTAL SWITZERLAND		41,094,859

251

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES		COMPANY	VALUE
UNITED KINGDOM - 17.6%
	72,166	Aggreko plc	$	1,660,223
	19,840	Antofagasta plc		446,625
	1,132	Associated British Foods plc		19,255
	155,856	AstraZeneca plc (ADR)		7,621,359
	167,172	BAE Systems plc		915,750
	225,532	Balfour Beatty plc		1,210,838
	1,099,866	Barclays plc		5,151,178
	171,208	BG Group plc		3,841,668
	167,992	BHP Billiton plc		6,414,576
	60,711	BP plc (ADR)		2,881,951
	155,986	British American Tobacco plc		5,760,995
	87,572	British Land Co plc		726,349
	212,390	British Sky Broadcasting plc		2,568,638
	943,427	BT Group plc		2,656,009
	30,079	Carnival plc		1,370,407
	780,328	Centrica plc		3,995,766
	183,161	Diageo plc		3,521,171
	6,210	Experian Group Ltd		77,077
	133,747	Firstgroup plc		802,386
	98,780	GlaxoSmithKline plc		1,783,608
	14,126	Hammerson plc		97,116
	659,039	HSBC Holdings plc		7,185,532
	55,026	Intercontinental Hotels Group plc		1,160,419
	118,472	International Power plc		800,875
	126,063	Investec plc		965,950
	428,215	J Sainsbury plc		2,616,010
	1,452,285	Legal & General Group plc		2,584,123
	248,597	Marks & Spencer Group plc		1,417,529
	6,683	Next plc		211,323
	497,526	Old Mutual plc		1,000,944
	68,855	Petrofac Ltd		1,724,469
	41,225	Reckitt Benckiser Group plc		2,240,676
	403,535	Resolution Ltd		1,689,139
	112,524	Rio Tinto plc		7,727,702
	207,450	Sage Group plc		979,275
	185,786	Segro plc		887,124
	61,180	Smiths Group plc		1,332,932
	181,437	Standard Chartered plc		4,725,254
	99,814	Tesco plc		643,409
	29,135	Unilever plc		845,975
	216,043	Vodafone Group plc (ADR)		6,126,979
		TOTAL UNITED KINGDOM		100,388,584
UNITED STATES - 2.7%
	258,550	iShares MSCI EAFE Index Fund		15,368,212
		TOTAL UNITED STATES		15,368,212

252

TIAA-CREF FUNDS - Enhanced International Equity Index Fund
SHARES			COMPANY	VALUE
			TOTAL COMMON STOCKS	$	569,045,915
			(Cost $504,271,801)
RIGHTS / WARRANTS - 0.0%
SPAIN - 0.0%
	520,196		Banco Santander S.A.		98,287
			TOTAL SPAIN		98,287
			TOTAL RIGHTS / WARRANTS		98,287
			(Cost $80,862)
			TOTAL INVESTMENTS - 99.7%		569,144,202
			(Cost $504,352,663)
			OTHER ASSETS & LIABILITIES, NET - 0.3%		1,923,230
			NET ASSETS - 100.0%	$	571,067,432
			Abbreviation(s):
			ADR-American Depositary Receipt
		*	Non-income producing.

253

TIAA-CREF FUNDS
ENHANCED INTERNATIONAL EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
January 31, 2011

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	151,086,674		26.6	%
INDUSTRIALS		70,380,855		12.2
MATERIALS		60,928,687		10.7
CONSUMER DISCRETIONARY		57,768,184		10.2
CONSUMER STAPLES		52,188,187		9.2
ENERGY		45,664,724		8.0
HEALTH CARE		44,334,850		7.6
TELECOMMUNICATION SERVICES		31,166,656		5.4
INFORMATION TECHNOLOGY		27,134,331		4.9
UTILITIES		28,491,054		4.9
OTHER ASSETS & LIABILITIES, NET		1,923,230		0.3
NET ASSETS	$	571,067,432		100.0	%

254

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

TIAA-CREF FUNDS
ENHANCED LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.7%
	39,254		Autoliv, Inc	$	3,014,707
	439,100	*	Ford Motor Co		7,003,645
	11,900		Harley-Davidson, Inc		471,835
	12,727		Johnson Controls, Inc		488,590
	49,967	*	TRW Automotive Holdings Corp		2,981,031
			TOTAL AUTOMOBILES & COMPONENTS		13,959,808
CAPITAL GOODS - 10.6%
	26,186		3M Co		2,302,273
	25,061	*	Alliant Techsystems, Inc		1,898,621
	32,091		Ametek, Inc		1,308,671
	66,727		Caterpillar, Inc		6,473,186
	31,106	*	Chicago Bridge & Iron Co NV		1,023,076
	600	*	CNH Global NV		29,058
	71,724		Danaher Corp		3,303,607
	80,406		Dover Corp		5,154,025
	47,800		Eaton Corp		5,160,488
	125,773		Emerson Electric Co		7,405,514
	33,447		Gardner Denver, Inc		2,412,867
	19,675		General Electric Co		396,255
	194,201		Honeywell International, Inc		10,877,198
	56,600		Joy Global, Inc		4,934,388
	11,836		KBR, Inc		379,936
	4,581		Lockheed Martin Corp		364,648
	26,471	*	Navistar International Corp		1,716,644
	61,610		Parker Hannifin Corp		5,508,550
	75,058		Rockwell Automation, Inc		6,080,449
	98,876		Rockwell Collins, Inc		6,341,907
	12,419	*	Thomas & Betts Corp		638,212
	76,883		Timken Co		3,615,039
	15,266		Toro Co		928,478
	82,014		Tyco International Ltd		3,676,687
	50,561		United Technologies Corp		4,110,609
	14,867		W.W. Grainger, Inc		1,954,564
			TOTAL CAPITAL GOODS		87,994,950
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	120		Aaron’s, Inc		2,303
	8,510		Avery Dennison Corp		358,186
	17,968		Dun & Bradstreet Corp		1,526,382
	55,370	*	Verisk Analytics, Inc		1,873,167
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		3,760,038

255

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

SHARES			COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 0.8%
	12,200	*	Harman International Industries, Inc	$	528,504
	62,146		Nike, Inc (Class B)		5,125,802
	21,040	*	Tempur-Pedic International, Inc		918,186
			TOTAL CONSUMER DURABLES & APPAREL		6,572,492
CONSUMER SERVICES - 2.8%
	80,172	*	Apollo Group, Inc (Class A)		3,308,698
	29,282		Brinker International, Inc		689,005
	140,100		Marriott International, Inc (Class A)		5,532,549
	59,331		McDonald’s Corp		4,370,915
	16,000	*	Panera Bread Co (Class A)		1,528,960
	258,203		Starbucks Corp		8,141,141
	4,800		Weight Watchers International, Inc		186,240
			TOTAL CONSUMER SERVICES		23,757,508
DIVERSIFIED FINANCIALS - 3.2%
	47,728	*	Affiliated Managers Group, Inc		4,860,142
	209,480		American Express Co		9,087,242
	67,800		Ameriprise Financial, Inc		4,179,870
	3,100		BlackRock, Inc		613,862
	22,400		Janus Capital Group, Inc		289,184
	213,130		Moody’s Corp		6,259,628
	30,000		Waddell & Reed Financial, Inc (Class A)		1,083,600
			TOTAL DIVERSIFIED FINANCIALS		26,373,528
ENERGY - 11.4%
	30,072		Chevron Corp		2,854,735
	66,223		Cimarex Energy Co		6,895,801
	149,732		ConocoPhillips		10,699,848
	32,976		Core Laboratories NV		3,009,390
	68,349	*	Dresser-Rand Group, Inc		3,139,270
	8,790	*	Exterran Holdings, Inc		218,080
	618,154		Exxon Mobil Corp		49,872,664
	4,439	*	FMC Technologies, Inc		417,266
	83,231		Halliburton Co		3,745,395
	30,545		Murphy Oil Corp		2,025,134
	28,579		Occidental Petroleum Corp		2,763,018
	4,248	*	Oil States International, Inc		287,844
	81,797		Schlumberger Ltd		7,279,115
	7,648	*	Superior Energy Services		268,598
	5,618	*	Whiting Petroleum Corp		709,441
			TOTAL ENERGY		94,185,599
FOOD & STAPLES RETAILING - 1.7%
	52,098		Walgreen Co		2,106,843
	213,056		Wal-Mart Stores, Inc		11,946,050
			TOTAL FOOD & STAPLES RETAILING		14,052,893
FOOD BEVERAGE & TOBACCO - 5.5%
	107,262		Coca-Cola Co		6,741,417
	138,216		Coca-Cola Enterprises, Inc		3,477,515

256

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

SHARES			COMPANY	VALUE
	93,943		Dr Pepper Snapple Group, Inc	$	3,328,400
	18,770	*	Hansen Natural Corp		1,063,133
	18,860		Hershey Co		880,573
	144,420		PepsiCo, Inc		9,287,650
	283,166		Philip Morris International, Inc		16,208,422
	276,166		Sara Lee Corp		4,686,537
			TOTAL FOOD BEVERAGE & TOBACCO		45,673,647
HEALTH CARE EQUIPMENT & SERVICES - 5.5%
	37,406		Bard (C.R.), Inc		3,529,256
	27,900		Baxter International, Inc		1,352,871
	153,391		Cardinal Health, Inc		6,367,260
	40,700		Covidien plc		1,932,029
	165,591	*	Express Scripts, Inc		9,327,741
	9,276	*	Idexx Laboratories, Inc		665,089
	8,200	*	Intuitive Surgical, Inc		2,647,862
	99,786	*	Medco Health Solutions, Inc		6,088,942
	61,707		Medtronic, Inc		2,364,612
	143,320	*	St. Jude Medical, Inc		5,804,460
	89,301	*	Varian Medical Systems, Inc		6,034,069
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		46,114,191
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	120,090		Colgate-Palmolive Co		9,219,309
	50,100		Estee Lauder Cos (Class A)		4,033,050
	24,200		Herbalife Ltd		1,580,986
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		14,833,345
INSURANCE - 0.6%
	84,600		Aflac, Inc		4,871,268
	1,300		Erie Indemnity Co (Class A)		86,346
			TOTAL INSURANCE		4,957,614
MATERIALS - 5.1%
	62,155		Albemarle Corp		3,490,625
	26,212		Ball Corp		1,864,460
	32,374		CF Industries Holdings, Inc		4,371,785
	108,132		Du Pont (E.I.) de Nemours & Co		5,480,129
	105,534		Freeport-McMoRan Copper & Gold, Inc (Class B)		11,476,822
	30,800		Lubrizol Corp		3,309,768
	63,758		Monsanto Co		4,678,562
	21,679		Newmont Mining Corp		1,193,863
	47,485		Scotts Miracle-Gro Co (Class A)		2,453,550
	24,700		Sigma-Aldrich Corp		1,572,155
	19,033		Walter Energy, Inc		2,479,429
			TOTAL MATERIALS		42,371,148
MEDIA - 1.6%
	118,364	*	DIRECTV		5,017,450
	3,700		John Wiley & Sons, Inc (Class A)		170,015
	9,000	*	Madison Square Garden, Inc		226,980

257

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

SHARES			COMPANY	VALUE
	165,629		McGraw-Hill Cos, Inc	$	6,456,219
	13,206		Scripps Networks Interactive (Class A)		614,079
	321,000	*	Sirius XM Radio, Inc		518,415
	12,555		Viacom, Inc (Class B)		521,660
			TOTAL MEDIA		13,524,818
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.7%
	232,327		Abbott Laboratories		10,491,887
	5,537		Allergan, Inc		390,968
	143,143	*	Celgene Corp		7,376,159
	162,870		Eli Lilly & Co		5,662,990
	240,784	*	Gilead Sciences, Inc		9,241,290
	12,126	*	Mettler-Toledo International, Inc		1,809,078
	23,557	*	United Therapeutics Corp		1,601,405
	25,868	*	Waters Corp		1,976,056
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		38,549,833
REAL ESTATE - 1.2%
	77,869		Apartment Investment & Management Co (Class A)		1,990,332
	28,232	*	CB Richard Ellis Group, Inc (Class A)		626,468
	122,172		General Growth Properties, Inc		1,809,367
	39,129		Jones Lang LaSalle, Inc		3,468,395
	32,194		Rayonier, Inc		1,906,207
			TOTAL REAL ESTATE		9,800,769
RETAILING - 7.5%
	77,207		Advance Auto Parts, Inc		4,936,616
	38,563	*	Amazon.com, Inc		6,541,827
	24,765	*	Autozone, Inc		6,278,670
	107,874	*	Bed Bath & Beyond, Inc		5,177,952
	25,100	*	Dollar Tree, Inc		1,269,558
	53,941		Home Depot, Inc		1,983,411
	16,737		Lowe’s Cos, Inc		415,078
	56,491		Macy’s, Inc		1,307,767
	10,613	*	Priceline.com, Inc		4,547,883
	100,225		Ross Stores, Inc		6,534,670
	189,628		Target Corp		10,397,303
	168,598		TJX Companies, Inc		7,989,858
	130,152		Williams-Sonoma, Inc		4,190,894
			TOTAL RETAILING		61,571,487
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.3%
	153,605		Altera Corp		5,770,940
	51,500	*	Atmel Corp		697,310
	35,000		Avago Technologies Ltd		1,004,850
	12,200	*	Cypress Semiconductor Corp		264,130
	36,378	*	First Solar, Inc		5,623,311
	483,800		Intel Corp		10,382,348
	126,700	*	Lam Research Corp		6,321,063
	126,900	*	Marvell Technology Group Ltd		2,412,369
	209,000	*	Teradyne, Inc		3,486,120
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		35,962,441

258

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

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 16.2%
	185,201		Accenture plc	$	9,532,296
	5,078	*	Adobe Systems, Inc		167,828
	163,117	*	Autodesk, Inc		6,635,600
	66,173	*	Citrix Systems, Inc		4,180,810
	53,094	*	Cognizant Technology Solutions Corp (Class A)		3,873,207
	34,000	*	Gartner, Inc		1,204,280
	38,768	*	Google, Inc (Class A)		23,274,756
	122,100		International Business Machines Corp		19,780,201
	90,342		Lender Processing Services, Inc		2,867,455
	28,224		Mastercard, Inc (Class A)		6,675,258
	17,100	*	Micros Systems, Inc		782,154
	798,000		Microsoft Corp		22,124,550
	532,531		Oracle Corp		17,056,968
	141,797	*	Red Hat, Inc		5,859,052
	39,600	*	SAIC, Inc		656,172
	101,520	*	Symantec Corp		1,787,767
	31,101	*	VMware, Inc (Class A)		2,659,758
	271,169		Western Union Co		5,499,307
			TOTAL SOFTWARE & SERVICES		134,617,419
TECHNOLOGY HARDWARE & EQUIPMENT - 10.4%
	128,944	*	Apple, Inc		43,753,278
	445,039	*	Cisco Systems, Inc		9,412,575
	283,400	*	Dell, Inc		3,729,544
	23,394	*	EMC Corp		582,277
	22,905	*	F5 Networks, Inc		2,482,444
	94,928		Harris Corp		4,417,949
	172,085		Hewlett-Packard Co		7,862,564
	6,200	*	Itron, Inc		359,724
	13,400	*	JDS Uniphase Corp		227,398
	1,500		National Instruments Corp		63,465
	85,443	*	NetApp, Inc		4,676,295
	65,144	*	QLogic Corp		1,160,215
	96,064		Qualcomm, Inc		5,199,944
	58,292	*	SanDisk Corp		2,644,708
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		86,572,380
TELECOMMUNICATION SERVICES - 0.8%
	162,500	*	MetroPCS Communications, Inc		2,101,125
	105,686	*	NII Holdings, Inc (Class B)		4,436,698
			TOTAL TELECOMMUNICATION SERVICES		6,537,823
TRANSPORTATION - 2.0%
	5,466		FedEx Corp		493,689
	92,258		J.B. Hunt Transport Services, Inc		3,782,578
	1,500	*	Kansas City Southern Industries, Inc		74,970
	18,500		Landstar System, Inc		766,455
	25,725		Union Pacific Corp		2,434,357
	119,948		United Parcel Service, Inc (Class B)		8,590,676
			TOTAL TRANSPORTATION		16,142,725

259

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

SHARES		COMPANY	VALUE
		TOTAL COMMON STOCKS	$	827,886,456
		(Cost $672,525,266)
		TOTAL INVESTMENTS - 99.8%		827,886,456
		(Cost $672,525,266)
		OTHER ASSETS & LIABILITIES, NET - 0.2%		1,528,274
		NET ASSETS - 100.0%	$	829,414,730
	*	Non-income producing.
	b	In bankruptcy.

260

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

TIAA-CREF FUNDS
ENHANCED LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 0.8%
	26,733		Autoliv, Inc	$	2,053,094
	17,200		Cooper Tire & Rubber Co		393,192
	39,854	*	Ford Motor Co		635,671
	22,979	*	General Motors Co		838,504
	10,915	*	Lear Corp (New)		1,152,951
	23,275	*	TRW Automotive Holdings Corp		1,388,587
			TOTAL AUTOMOBILES & COMPONENTS		6,461,999
BANKS - 5.4%
	21,830	*	CIT Group, Inc		1,041,073
	11,907		Cullen/Frost Bankers, Inc		687,986
	103,680		East West Bancorp, Inc		2,250,893
	348,776		Fifth Third Bancorp		5,186,299
	639		First Citizens Bancshares, Inc (Class A)		128,548
	218,846		Huntington Bancshares, Inc		1,584,445
	84,100		Keycorp		748,490
	83,600		PNC Financial Services Group, Inc		5,016,000
	43,324		SunTrust Banks, Inc		1,318,349
	32,308		US Bancorp		872,316
	734,189		Wells Fargo & Co		23,802,407
	35,400		Zions Bancorporation		834,732
			TOTAL BANKS		43,471,538
CAPITAL GOODS - 6.0%
	39,756	*	AGCO Corp		2,015,629
	19,400		Carlisle Cos, Inc		731,574
	34,461	*	Chicago Bridge & Iron Co NV		1,133,422
	15,600		Cooper Industries plc		955,656
	12,619		Eaton Corp		1,362,347
	15,685	*	General Cable Corp		580,502
	47,583		General Dynamics Corp		3,587,758
	655,506		General Electric Co		13,201,891
	10,840		Goodrich Corp		982,321
	4,431		Hubbell, Inc (Class B)		271,354
	5,178		Joy Global, Inc		451,418
	51,674		KBR, Inc		1,658,735
	39,517		L-3 Communications Holdings, Inc		3,092,205
	58,710		Northrop Grumman Corp		4,068,603
	23,005		Parker Hannifin Corp		2,056,877
	100,753		Raytheon Co		5,036,642
	28	*	Shaw Group, Inc		1,058
	50,882	*	Thomas & Betts Corp		2,614,826
	56,060		Timken Co		2,635,942
	39,446	*	URS Corp		1,753,375
			TOTAL CAPITAL GOODS		48,192,135

261

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

SHARES			COMPANY	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	6,200		Manpower, Inc	$	400,334
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		400,334
CONSUMER DURABLES & APPAREL - 1.4%
	15,600		Coach, Inc		843,804
	7,647		Fortune Brands, Inc		471,667
	17,897		Hasbro, Inc		789,079
	34,577		Mattel, Inc		818,783
	88,398		Newell Rubbermaid, Inc		1,701,662
	5,150		Stanley Works		374,302
	42,300	*	Toll Brothers, Inc		856,152
	20,330		Tupperware Corp		930,098
	23,458		VF Corp		1,940,446
	32,740		Whirlpool Corp		2,799,269
			TOTAL CONSUMER DURABLES & APPAREL		11,525,262
CONSUMER SERVICES - 0.6%
	16,000	*	Apollo Group, Inc (Class A)		660,320
	27,100	*	Career Education Corp		608,124
	7,100		Carnival Corp		317,441
	10,400		DeVry, Inc		541,944
	21,900	*	Hyatt Hotels Corp		1,064,121
	10,300	*	ITT Educational Services, Inc		678,152
	3,300	*	Royal Caribbean Cruises Ltd		148,170
	40,238		Wyndham Worldwide Corp		1,131,895
			TOTAL CONSUMER SERVICES		5,150,167
DIVERSIFIED FINANCIALS - 10.6%
	992		American Express Co		43,033
	1,089,373		Bank of America Corp		14,957,091
	4,300		BlackRock, Inc		851,486
	125,358		Capital One Financial Corp		6,037,241
	2,915,138	*	Citigroup, Inc		14,050,965
	62,513		Discover Financial Services		1,287,143
	107,947	*	E*Trade Financial Corp		1,787,602
	85,110		Goldman Sachs Group, Inc		13,925,699
	593,121		JPMorgan Chase & Co		26,654,858
	124,609		State Street Corp		5,821,732
			TOTAL DIVERSIFIED FINANCIALS		85,416,850
ENERGY - 13.1%
	28,686	*	Alpha Natural Resources, Inc		1,541,299
	69,144		Apache Corp		8,253,028
	57,072		Arch Coal, Inc		1,954,716
	38,358	*	Atwood Oceanics, Inc		1,550,430
	19,900	*	Cameron International Corp		1,060,670
	286,013		Chevron Corp		27,151,213
	9,544		Cimarex Energy Co		993,817

262

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

SHARES			COMPANY	VALUE
	7,660	*	Concho Resources, Inc	$	737,275
	192,875		ConocoPhillips		13,782,848
	113,895		El Paso Corp		1,808,653
	21,500		Exxon Mobil Corp		1,734,620
	25,584		Halliburton Co		1,151,280
	26,615		Helmerich & Payne, Inc		1,563,099
	78,908		Hess Corp		6,637,741
	5,100		Marathon Oil Corp		233,070
	24,535		Massey Energy Co		1,542,270
	43,477	*	McDermott International, Inc		903,452
	54,728		Murphy Oil Corp		3,628,466
	76,904		National Oilwell Varco, Inc		5,683,206
	115,682		Occidental Petroleum Corp		11,184,136
	4,158	*	Oil States International, Inc		281,746
	26,292		Peabody Energy Corp		1,667,439
	9,713		Pioneer Natural Resources Co		924,289
	35,449		SEACOR Holdings, Inc		3,746,605
	134		Southern Union Co		3,580
	57,700	*	Tesoro Corp		1,110,725
	103,700		Valero Energy Corp		2,629,832
	13,084	*	Whiting Petroleum Corp		1,652,248
			TOTAL ENERGY		105,111,753
FOOD & STAPLES RETAILING - 0.6%
	30,900		Costco Wholesale Corp		2,219,856
	8,000		Kroger Co		171,200
	81,414		Safeway, Inc		1,684,456
	73,832		Supervalu, Inc		538,235
	2,840		Wal-Mart Stores, Inc		159,239
			TOTAL FOOD & STAPLES RETAILING		4,772,986
FOOD BEVERAGE & TOBACCO - 4.7%
	79,166		Archer Daniels Midland Co		2,586,353
	474		Coca-Cola Co		29,791
	113,576		Coca-Cola Enterprises, Inc		2,857,572
	21,809	*	Constellation Brands, Inc (Class A)		419,169
	110,119		Corn Products International, Inc		5,079,789
	154,838		Dr Pepper Snapple Group, Inc		5,485,910
	15,662	*	Hansen Natural Corp		887,096
	12,733		Hershey Co		594,504
	24,929		Kraft Foods, Inc (Class A)		762,080
	30,405		Lorillard, Inc		2,287,672
	21,021		Mead Johnson Nutrition Co		1,218,587
	83,560		PepsiCo, Inc		5,373,744
	101,028		Philip Morris International, Inc		5,782,843
	268,473		Tyson Foods, Inc (Class A)		4,416,381
			TOTAL FOOD BEVERAGE & TOBACCO		37,781,491
HEALTH CARE EQUIPMENT & SERVICES - 4.0%
	71,407		Cardinal Health, Inc		2,964,105
	33,538		Cigna Corp		1,409,267
	36,663		Cooper Cos, Inc		2,102,256

263

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

SHARES			COMPANY	VALUE
	43,493	*	Coventry Health Care, Inc	$	1,303,485
	16,763	*	Health Net, Inc		478,248
	42,644		Hill-Rom Holdings, Inc		1,725,803
	83,370	*	Humana, Inc		4,832,959
	62,917	*	Kinetic Concepts, Inc		2,902,361
	6,087		McKesson Corp		457,560
	235,368		UnitedHealth Group, Inc		9,661,856
	61,740	*	WellPoint, Inc		3,835,289
	9,800	*	Zimmer Holdings, Inc		579,768
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		32,252,957
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	1,100		Clorox Co		69,179
	5,010		Colgate-Palmolive Co		384,618
	17,544		Kimberly-Clark Corp		1,135,623
	3,200		Nu Skin Enterprises, Inc (Class A)		96,256
	260,129		Procter & Gamble Co		16,421,943
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		18,107,619
INSURANCE - 7.1%
	12,442		Aflac, Inc		716,410
	32,553		Allied World Assurance Co Holdings Ltd		1,963,922
	119,877		American Financial Group, Inc		3,899,599
	129,420		Aspen Insurance Holdings Ltd		3,889,071
	115,695		Axis Capital Holdings Ltd		4,116,428
	135,750	*	Berkshire Hathaway, Inc (Class B)		11,097,564
	28,537		Endurance Specialty Holdings Ltd		1,326,685
	846		Everest Re Group Ltd		71,301
	38,322		HCC Insurance Holdings, Inc		1,160,390
	65,661		PartnerRe Ltd		5,376,323
	69,033		Principal Financial Group		2,262,211
	14,943		Protective Life Corp		411,979
	113,406		Prudential Financial, Inc		6,975,603
	85,503		Reinsurance Group of America, Inc (Class A)		4,921,553
	1,535		RenaissanceRe Holdings Ltd		100,727
	11,711		Torchmark Corp		729,595
	24,031		Transatlantic Holdings, Inc		1,236,395
	26,165		Travelers Cos, Inc		1,472,043
	126,573		Validus Holdings Ltd		3,847,819
	13,879		XL Capital Ltd		318,107
			TOTAL INSURANCE		55,893,725
MATERIALS - 3.2%
	15,945		Ashland, Inc		925,767
	43,820		Ball Corp		3,116,917
	31,926		CF Industries Holdings, Inc		4,311,286
	9,519		Cleveland-Cliffs, Inc		813,494
	32,672		Commercial Metals Co		546,276
	24,815		Cytec Industries, Inc		1,353,410
	60,178		Domtar Corporation		5,291,451
	5,513		Du Pont (E.I.) de Nemours & Co		279,399
	23,847		Freeport-McMoRan Copper & Gold, Inc (Class B)		2,593,361

264

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

SHARES			COMPANY		VALUE
	56,080		Huntsman Corp	$	976,353
	7,100		Lubrizol Corp		762,966
	720		MeadWestvaco Corp		20,614
	16,400		Mosaic Co		1,329,056
	12,310		PPG Industries, Inc		1,037,487
	13,700		Schnitzer Steel Industries, Inc (Class A)		845,290
	12,261		Walter Energy, Inc		1,597,240
			TOTAL MATERIALS		25,800,367
MEDIA - 5.1%
	151,698		CBS Corp (Class B)		3,008,171
	118,385	*	Clear Channel Outdoor Holdings, Inc (Class A)		1,644,368
	245,763		Comcast Corp (Class A)		5,591,107
	111,808	*	DIRECTV		4,739,541
	179,309		DISH Network Corp (Class A)		3,785,213
	205,800		Gannett Co, Inc		3,033,492
	6,107	*	Liberty Global, Inc (Class A)		247,700
	217	*	Liberty Global, Inc (Series C)		8,305
	3,599	*	Liberty Media Corp - Starz		239,945
	58,512		McGraw-Hill Cos, Inc		2,280,798
	70,829		Time Warner Cable, Inc		4,804,331
	53,460		Time Warner, Inc		1,681,317
	88,584		Viacom, Inc (Class B)		3,680,665
	530		Virgin Media, Inc		13,335
	92,418		Walt Disney Co		3,592,288
	4,973		Washington Post Co (Class B)		2,130,185
			TOTAL MEDIA		40,480,761
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	84,505		Abbott Laboratories		3,816,246
	74,009	*	Amgen, Inc		4,076,415
	54,200	*	Biogen Idec, Inc		3,548,474
	6,170		Bristol-Myers Squibb Co		155,361
	68,570	*	Cephalon, Inc		4,051,116
	146,052		Eli Lilly & Co		5,078,228
	21,557	*	Endo Pharmaceuticals Holdings, Inc		716,124
	164,880	*	Forest Laboratories, Inc		5,319,029
	215,920		Johnson & Johnson		12,905,538
	452,420		Merck & Co, Inc		15,006,770
	737,427		Pfizer, Inc		13,435,920
	35,476	*	Watson Pharmaceuticals, Inc		1,934,152
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		70,043,373
REAL ESTATE - 3.7%
	140,700		Annaly Mortgage Management, Inc		2,508,681
	4,617		AvalonBay Communities, Inc		535,249
	405		Boston Properties, Inc		38,220
	18,664		General Growth Properties, Inc		276,414
	31,900		HCP, Inc		1,183,171
	15,635		Host Marriott Corp		289,404
	190,243		HRPT Properties Trust		5,073,781
	54,648		Nationwide Health Properties, Inc		2,052,032

265

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

SHARES			COMPANY		VALUE
	50,800		Public Storage, Inc	$	5,536,183
	21,998		Rayonier, Inc		1,302,502
	109,336		Senior Housing Properties Trust		2,451,313
	35,817		Simon Property Group, Inc		3,633,635
	86,840		Ventas, Inc		4,816,146
			TOTAL REAL ESTATE		29,696,731
RETAILING - 1.2%
	10,000		Abercrombie & Fitch Co (Class A)		504,100
	64,000		Foot Locker, Inc		1,143,040
	164,153	*	GameStop Corp (Class A)		3,458,705
	56,505		Gap, Inc		1,088,851
	12,338	*	Liberty Media Holding Corp (Interactive A)		195,434
	77,928		Macy’s, Inc		1,804,033
	34,703		RadioShack Corp		525,750
	13,636	*	Signet Jewelers Ltd		579,257
			TOTAL RETAILING		9,299,170
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.5%
	21,000		Broadcom Corp (Class A)		946,890
	13,063	*	Fairchild Semiconductor International, Inc		232,521
	253,932		Intel Corp		5,449,381
	388,658	*	Micron Technology, Inc		4,096,455
	38,660		Texas Instruments, Inc		1,310,961
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		12,036,208
SOFTWARE & SERVICES - 3.0%
	152,848	*	AOL, Inc		3,594,985
	65,539		Computer Sciences Corp		3,492,572
	11,157	*	Convergys Corp		158,876
	4,426		DST Systems, Inc		210,501
	121,076	*	IAC/InterActiveCorp		3,425,240
	391,859		Microsoft Corp		10,864,291
	145,100	*	Symantec Corp		2,555,211
	99		Total System Services, Inc		1,724
	3,409	*	Unisys Corp		96,577
			TOTAL SOFTWARE & SERVICES		24,399,977
TECHNOLOGY HARDWARE & EQUIPMENT - 2.6%
	11,900		Anixter International, Inc		752,913
	5,600	*	Avnet, Inc		199,472
	82,800		Corning, Inc		1,838,988
	76,489	*	Lexmark International, Inc (Class A)		2,664,877
	85,320	*	Motorola Mobility Holdings, Inc		2,377,868
	23,700		Qualcomm, Inc		1,282,881
	128,080	*	Seagate Technology, Inc		1,793,120
	57,600		Tellabs, Inc		305,280
	226,196	*	Vishay Intertechnology, Inc		3,732,234
	15,118	*	Vishay Precision Group, Inc		280,439
	140,857	*	Western Digital Corp		4,791,955
	81,165		Xerox Corp		861,972
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		20,881,999

266

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

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 6.4%
	834,648		AT&T, Inc	$	22,969,513
	38,333	*	MetroPCS Communications, Inc		495,646
	913,488		Qwest Communications International, Inc		6,513,169
	830,900	*	Sprint Nextel Corp		3,755,668
	27,303		Telephone & Data Systems, Inc		976,082
	12,922	*	US Cellular Corp		629,818
	455,688		Verizon Communications, Inc		16,231,607
			TOTAL TELECOMMUNICATION SERVICES		51,571,503
TRANSPORTATION - 2.0%
	62,201		CSX Corp		4,391,391
	81,092	*	Hertz Global Holdings, Inc		1,192,863
	19,900	*	Kansas City Southern Industries, Inc		994,602
	19,308		Ryder System, Inc		928,329
	69,950		Southwest Airlines Co		828,908
	97,600	*	UAL Corp		2,479,040
	47,890		Union Pacific Corp		4,531,830
	7,500		United Parcel Service, Inc (Class B)		537,150
			TOTAL TRANSPORTATION		15,884,113
UTILITIES - 5.8%
	181,046	*	AES Corp		2,244,970
	17,750		Alliant Energy Corp		659,590
	147,414		Ameren Corp		4,182,136
	115,764		American Electric Power Co, Inc		4,130,459
	105,826		Centerpoint Energy, Inc		1,709,090
	31,696		CMS Energy Corp		618,072
	53,144		Dominion Resources, Inc		2,313,890
	84,136		DTE Energy Co		3,892,131
	106,463		Edison International		3,862,478
	51,407		Exelon Corp		2,185,312
	4,500		Integrys Energy Group, Inc		214,155
	10,537		NextEra Energy, Inc		563,308
	122,050		Northeast Utilities		4,017,885
	28,823		OGE Energy Corp		1,322,687
	3,500		Oneok, Inc		206,115
	79,594		Pepco Holdings, Inc		1,478,061
	45,938		PG&E Corp		2,126,011
	44,739		Pinnacle West Capital Corp		1,821,325
	31,800		Progress Energy, Inc		1,428,456
	61,273		Public Service Enterprise Group, Inc		1,987,083
	57,754		Questar Corp		1,006,652
	32,934		Southern Co		1,238,977
	11,704		TECO Energy, Inc		215,471
	39,384		UGI Corp		1,234,689
	31,151		Wisconsin Energy Corp		1,878,094
	10,818		Xcel Energy, Inc		254,980
			TOTAL UTILITIES		46,792,077

267

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

SHARES	COMPANY	VALUE
	TOTAL COMMON STOCKS	$	801,425,095
	(Cost $681,778,615)
	TOTAL INVESTMENTS - 99.9%		801,425,095
	(Cost $681,778,615)
	OTHER ASSETS & LIABILITIES, NET - 0.1%		440,429
	NET ASSETS - 100.0%	$	801,865,524

*	Non-income producing.
b	In bankruptcy.

268

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 1.6%
	19,815	*	American Axle & Manufacturing Holdings, Inc	$	283,355
	10,278	*	BorgWarner, Inc		692,737
	524,309	*	Ford Motor Co		8,362,729
	1,482	*	Fuel Systems Solutions, Inc		38,576
	12,497		Gentex Corp		400,779
	39,013		Harley-Davidson, Inc		1,546,865
	110,286		Johnson Controls, Inc		4,233,879
	8,602	*	Modine Manufacturing Co		141,933
	3,240		Spartan Motors, Inc		20,218
	10,161		Superior Industries International, Inc		203,220
	24,329	*	Tenneco, Inc		1,005,518
			TOTAL AUTOMOBILES & COMPONENTS		16,929,809
BANKS - 4.6%
	1,100		Associated Banc-Corp		15,378
	3,758		Bank of Hawaii Corp		176,137
	135,593		BB&T Corp		3,747,791
	640		Capitol Federal Financial		7,802
	108,443	*	Citizens Republic Bancorp, Inc		68,287
	6,265		City National Corp		362,054
	25,900		Comerica, Inc		989,380
	397		Community Bank System, Inc		10,036
	139		Cullen/Frost Bankers, Inc		8,031
	169,610		Fifth Third Bancorp		2,522,101
	34,764	*	First Horizon National Corp		393,876
	574		First Niagara Financial Group, Inc		7,967
	4,400		Fulton Financial Corp		45,408
	43,966		Hudson City Bancorp, Inc		482,747
	128,635		Keycorp		1,144,852
	28,234		M&T Bank Corp		2,441,394
	42,448		Marshall & Ilsley Corp		296,712
	35,695		New York Community Bancorp, Inc		653,931
	3,790		NewAlliance Bancshares, Inc		56,661
	3,640		Old National Bancorp		39,057
	5,242		People’s United Financial, Inc		67,674
	5,876	*	PMI Group, Inc		17,099
	78,553		PNC Financial Services Group, Inc		4,713,180
	417,026	*	Popular, Inc		1,338,653
	9,708		Provident Financial Services, Inc		142,222
	7,470		Radian Group, Inc		53,635
	204,139		Regions Financial Corp		1,449,387
	99,121		SunTrust Banks, Inc		3,016,252
	997		Susquehanna Bancshares, Inc		9,531
	5,180	*	SVB Financial Group		271,795

269

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	345,861		Synovus Financial Corp	$	913,073
	429		TCF Financial Corp		6,409
	308,614		US Bancorp		8,332,578
	840		Washington Federal, Inc		14,524
	650		Webster Financial Corp		14,872
	506,755		Wells Fargo & Co		16,428,997
	3,075		Zions Bancorporation		72,509
			TOTAL BANKS		50,331,992
CAPITAL GOODS - 7.9%
	103,832		3M Co		9,128,909
	1,129		A.O. Smith Corp		48,332
	416		Actuant Corp (Class A)		11,536
	11,150	*	AGCO Corp		565,305
	410	*	American Superconductor Corp		11,181
	91,838		Ametek, Inc		3,745,154
	1,565		Ampco-Pittsburgh Corp		38,984
	241		Apogee Enterprises, Inc		3,082
	286		Applied Industrial Technologies, Inc		9,055
	9,497		Armstrong World Industries, Inc		385,673
	12,937	*	ArvinMeritor, Inc		282,803
	2,055	*	Astec Industries, Inc		61,856
	216		AZZ, Inc		8,659
	204		Badger Meter, Inc		8,362
	23,730		Barnes Group, Inc		470,329
	41,452	*	BE Aerospace, Inc		1,603,778
	419	*	Beacon Roofing Supply, Inc		7,609
	5,310		Briggs & Stratton Corp		106,041
	96,094		Caterpillar, Inc		9,322,080
	218		Clarcor, Inc		9,413
	1,693	*	Columbus McKinnon Corp		28,561
	5,914		Cooper Industries plc		362,292
	46,264		Cummins, Inc		4,898,432
	143,541		Danaher Corp		6,611,498
	79,521		Deere & Co		7,228,459
	5,921		Dover Corp		379,536
	8,267		Dynamic Materials Corp		163,273
	20,223		Eaton Corp		2,183,275
	345	*	EMCOR Group, Inc		10,447
	139,810		Emerson Electric Co		8,232,012
	5,541	*	Energy Recovery, Inc		18,950
	3,660		Fastenal Co		212,500
	2,209		Federal Signal Corp		15,375
	8,284		Fluor Corp		573,169
	3,111	*	FuelCell Energy, Inc		5,444
	400		Gardner Denver, Inc		28,856
	267	*	General Cable Corp		9,882
	8,963	*	Gibraltar Industries, Inc		98,862
	14,163		Graco, Inc		601,644
	11,360	*	GrafTech International Ltd		238,560
	245		Granite Construction, Inc		6,331
	8,980		Hubbell, Inc (Class B)		549,935

270

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	258		IDEX Corp	$	10,232
	123,652		Illinois Tool Works, Inc		6,614,145
	13,342		Ingersoll-Rand plc		629,742
	376	*	Insituform Technologies, Inc (Class A)		10,344
	1,400		Insteel Industries, Inc		15,988
	3,007		John Bean Technologies Corp		54,276
	1,785	*	Layne Christensen Co		56,370
	6,798	*	LB Foster Co (Class A)		270,221
	2,650		Lincoln Electric Holdings, Inc		179,458
	72,629		Masco Corp		967,418
	149	*	Middleby Corp		12,190
	179		MSC Industrial Direct Co (Class A)		10,638
	24,123	*	NCI Building Systems, Inc		320,112
	14,921		Nordson Corp		1,377,358
	30,294	*	Owens Corning, Inc		1,013,941
	50,333		Paccar, Inc		2,843,311
	9,376		Pall Corp		519,524
	7,548		Pentair, Inc		273,011
	466		Perini Corp		10,583
	419	*	Polypore International, Inc		20,175
	4,873		Precision Castparts Corp		696,790
	6,740		Quanex Building Products Corp		131,363
	16,253	*	Quanta Services, Inc		385,684
	397		Robbins & Myers, Inc		16,487
	13,723		Rockwell Automation, Inc		1,111,700
	8,275		Roper Industries, Inc		642,885
	2,611	*	Rush Enterprises, Inc (Class A)		49,792
	305	*	Sauer-Danfoss, Inc		8,738
	259		Simpson Manufacturing Co, Inc		7,705
	4,318		Snap-On, Inc		244,528
	40,260	*	Spirit Aerosystems Holdings, Inc (Class A)		950,941
	139		SPX Corp		10,895
	332		TAL International Group, Inc		10,368
	2,438	*	Tecumseh Products Co (Class A)		29,451
	21,415		Tennant Co		863,881
	293		Timken Co		13,777
	14,580		Tredegar Corp		272,792
	356	*	Trex Co, Inc		8,288
	21,849		Tyco International Ltd		979,491
	13,011	*	Valence Technology, Inc		20,037
	1,000		Vicor Corp		14,730
	23,648		W.W. Grainger, Inc		3,109,003
	8,374	*	WABCO Holdings, Inc		489,042
	145		Watsco, Inc		9,094
	3,845	*	WESCO International, Inc		215,512
	9,810		Westinghouse Air Brake Technologies Corp		531,702
			TOTAL CAPITAL GOODS		84,319,147
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	312		Aaron’s, Inc		5,987
	2,033	*	Acacia Research (Acacia Technologies)		49,605
	5,611	*	ACCO Brands Corp		46,066

271

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	892		Administaff, Inc	$	25,261
	33,078		Avery Dennison Corp		1,392,254
	305		Brink’s Co		8,235
	1,050		Corporate Executive Board Co		40,803
	158	*	CoStar Group, Inc		8,892
	2,857		Deluxe Corp		69,854
	15,528		Dun & Bradstreet Corp		1,319,103
	155	*	EnerNOC, Inc		4,033
	3,223	*	FTI Consulting, Inc		117,543
	1,540		Herman Miller, Inc		37,160
	5,092		HNI Corp		154,491
	12,321		Iron Mountain, Inc		300,509
	590		Knoll, Inc		9,877
	732	*	M&F Worldwide Corp		17,663
	7,636		Manpower, Inc		493,057
	42,800	*	Metalico, Inc		237,540
	2,746	*	Navigant Consulting, Inc		27,982
	7,278		Pitney Bowes, Inc		176,710
	16,338		R.R. Donnelley & Sons Co		289,509
	24,819		Robert Half International, Inc		778,324
	10,180	*	Tetra Tech, Inc		235,616
	1,350		Unifirst Corp		75,276
	457		Viad Corp		10,753
	9,102		Waste Management, Inc		344,693
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,276,796
CONSUMER DURABLES & APPAREL - 1.6%
	536		American Greetings Corp (Class A)		11,647
	5,420		Callaway Golf Co		39,837
	2,455		Cherokee, Inc		39,354
	36,748		Coach, Inc		1,987,699
	198		Columbia Sportswear Co		12,074
	570	*	Deckers Outdoor Corp		41,832
	228	*	Fossil, Inc		16,199
	29,085		Garmin Ltd		896,691
	258		Hasbro, Inc		11,375
	549	*	Iconix Brand Group, Inc		10,898
	1,330		KB Home		19,737
	20,033		Leggett & Platt, Inc		451,343
	8,678	*	Liz Claiborne, Inc		42,869
	6,560	*	M/I Homes, Inc		96,170
	394	*	Maidenform Brands, Inc		10,142
	110,801		Mattel, Inc		2,623,768
	4,410	*	Movado Group, Inc		63,548
	78,018		Nike, Inc (Class B)		6,434,925
	4,874		Oxford Industries, Inc		115,368
	6,575		Phillips-Van Heusen Corp		383,783
	397		Pool Corp		9,679
	71,408	*	Quiksilver, Inc		319,194
	300		Skyline Corp		6,027
	228,965	*	Standard-Pacific Corp		1,007,445
	2,129	*	Tempur-Pedic International, Inc		92,910

272

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	353	*	True Religion Apparel, Inc	$	7,254
	4,527		Tupperware Corp		207,110
	228	*	Under Armour, Inc (Class A)		13,648
	8,447		VF Corp		698,736
	193	*	Warnaco Group, Inc		9,858
	2,309		Weyco Group, Inc		53,407
	2,125		Whirlpool Corp		181,688
			TOTAL CONSUMER DURABLES & APPAREL		15,916,215
CONSUMER SERVICES - 2.2%
	9,927	*	AFC Enterprises		147,912
	339	*	BJ’s Restaurants, Inc		11,977
	1,289		Bob Evans Farms, Inc		40,578
	87	*	Capella Education Co		4,981
	21,017		Choice Hotels International, Inc		797,175
	237	*	Coinstar, Inc		9,809
	23,596		Darden Restaurants, Inc		1,111,608
	179		DeVry, Inc		9,328
	14,495	*	Gaylord Entertainment Co		483,263
	15,608		Hillenbrand, Inc		337,288
	7,135	*	Interval Leisure Group, Inc		111,805
	359	*	Jack in the Box, Inc		7,876
	240	*	Life Time Fitness, Inc		9,571
	7,730		Marcus Corp		91,601
	62,757		Marriott International, Inc (Class A)		2,478,274
	142,290		McDonald’s Corp		10,482,503
	700	*	O’Charleys, Inc		4,844
	105	*	Panera Bread Co (Class A)		10,034
	258	*	Papa John’s International, Inc		7,405
	185		PF Chang’s China Bistro, Inc		8,517
	7,410		Regis Corp		124,192
	1,197	*	Ruby Tuesday, Inc		16,136
	5,658	*	Sonic Corp		54,260
	357		Sotheby’s (Class A)		14,387
	129,190		Starbucks Corp		4,073,360
	25,445		Starwood Hotels & Resorts Worldwide, Inc		1,500,492
	31	*	Steak N Shake Co		13,330
	7,397		Stewart Enterprises, Inc (Class A)		47,193
	38		Strayer Education, Inc		4,560
	563	*	Texas Roadhouse, Inc (Class A)		9,357
	190	*	Vail Resorts, Inc		9,130
	1,105		Weight Watchers International, Inc		42,874
	9,967		Wyndham Worldwide Corp		280,372
	15,310		Yum! Brands, Inc		715,896
			TOTAL CONSUMER SERVICES		23,071,888
DIVERSIFIED FINANCIALS - 5.8%
	30,735	*	American Capital Ltd		251,105
	162,638		American Express Co		7,055,236
	29,673		Ameriprise Financial, Inc		1,829,340
	233,479		Bank of New York Mellon Corp		7,291,550
	17,356		BlackRock, Inc		3,436,835

273

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	76,567		Capital One Financial Corp	$	3,687,467
	286,571		Charles Schwab Corp		5,172,607
	11,702		CME Group, Inc		3,610,769
	77,025		Discover Financial Services		1,585,945
	9,792		Duff & Phelps Corp		166,072
	6,758		Eaton Vance Corp		204,767
	10,950		Evercore Partners, Inc (Class A)		353,685
	10,066		Federated Investors, Inc (Class B)		272,587
	50,911		Franklin Resources, Inc		6,142,412
	114		Greenhill & Co, Inc		7,914
	16,977	*	IntercontinentalExchange, Inc		2,045,559
	88,718		Invesco Ltd		2,194,883
	153	*	Investment Technology Group, Inc		2,820
	696		Janus Capital Group, Inc		8,985
	18,091		Legg Mason, Inc		599,355
	93,413	*	MF Global Holdings Ltd		773,460
	17,980	*	Nasdaq Stock Market, Inc		440,150
	26,217	*	NewStar Financial, Inc		254,043
	43,121		Northern Trust Corp		2,241,430
	51,594		NYSE Euronext		1,641,205
	1,600	*	PHH Corp		38,224
	1,686	*	Safeguard Scientifics, Inc		27,735
	20,019		SEI Investments Co		463,440
	106,712		State Street Corp		4,985,585
	55,845		T Rowe Price Group, Inc		3,681,302
	5,420	*	TradeStation Group, Inc		37,777
			TOTAL DIVERSIFIED FINANCIALS		60,504,244
ENERGY - 10.7%
	109,504	*	Allis-Chalmers Energy, Inc		830,040
	70,809		Apache Corp		8,451,763
	9,881	*	Atlas America, Inc		437,728
	44,634	*	ATP Oil & Gas Corp		756,993
	866	*	Atwood Oceanics, Inc		35,004
	8,754		Berry Petroleum Co (Class A)		408,549
	15,700	*	BPZ Energy, Inc		90,275
	541	*	Brigham Exploration Co		16,019
	3,340	*	Bronco Drilling Co, Inc		23,113
	23,178		Cabot Oil & Gas Corp		964,900
	38,804	*	Cameron International Corp		2,068,253
	4,860		CARBO Ceramics, Inc		559,678
	1,108	*	Carrizo Oil & Gas, Inc		37,506
	163,109		Chesapeake Energy Corp		4,816,609
	22,451		Cimarex Energy Co		2,337,823
	57,960	*	Clean Energy Fuels Corp		687,985
	9,319	*	Complete Production Services, Inc		260,373
	9,724	*	Contango Oil & Gas Co		563,992
	49,244		Crosstex Energy, Inc		416,604
	1,310	*	Dawson Geophysical Co		44,291
	90,185	*	Denbury Resources, Inc		1,835,265
	92,697	*	Devon Energy Corp		8,221,298
	45,142		Diamond Offshore Drilling, Inc		3,237,132

274

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	277	*	Dresser-Rand Group, Inc	$	12,723
	2,990	*	Dril-Quip, Inc		230,589
	168,998		El Paso Corp		2,683,688
	60,178		EOG Resources, Inc		6,402,337
	77,323		Equitable Resources, Inc		3,726,195
	4,570		EXCO Resources, Inc		91,766
	1,665	*	Exterran Holdings, Inc		41,309
	22,363	*	FMC Technologies, Inc		2,102,122
	36,272	*	Global Industries Ltd		290,720
	2,553	*	GMX Resources, Inc		13,327
	10,691	*	Goodrich Petroleum Corp		226,863
	3,462		Gulf Island Fabrication, Inc		93,751
	13,198	*	Gulfmark Offshore, Inc		507,463
	1,140	*	Gulfport Energy Corp		27,292
	38,130	*	Hercules Offshore, Inc		126,210
	86,810		Hess Corp		7,302,457
	32,249	*	Hornbeck Offshore Services, Inc		765,591
	11,291	*	ION Geophysical Corp		107,377
	829	*	Key Energy Services, Inc		11,034
	366	*	Kinder Morgan Management LLC		23,470
	2,854		Lufkin Industries, Inc		190,419
	167,491		Marathon Oil Corp		7,654,339
	2,100	*	Matrix Service Co		23,646
	101,137		National Oilwell Varco, Inc		7,474,023
	30,309	*	Newfield Exploration Co		2,217,710
	23,666		Noble Corp		905,225
	62,303		Noble Energy, Inc		5,675,803
	2,860	*	Northern Oil And Gas, Inc		78,850
	2,374	*	Oceaneering International, Inc		183,344
	3,062	*	Oil States International, Inc		207,481
	606	*	OYO Geospace Corp		58,073
	21,861	*	Parker Drilling Co		94,877
	50,713	*	PetroHawk Energy Corp		1,016,796
	6,789	*	Petroleum Development Corp		308,967
	11,473	*	Petroquest Energy, Inc		89,948
	800	*	PHI, Inc		16,496
	18,930	*	Pioneer Drilling Co		167,720
	36,020		Pioneer Natural Resources Co		3,427,663
	35,085	*	Pride International, Inc		1,140,263
	61,191		Questar Market Resources, Inc		2,486,802
	23,105	*	Quicksilver Resources, Inc		346,806
	18,778		Range Resources Corp		936,459
	191,290	*	Rentech, Inc		235,287
	7,052	*	Rex Energy Corp		84,871
	2,753	*	Rosetta Resources, Inc		109,982
	3,645		RPC, Inc		64,079
	79		SEACOR Holdings, Inc		8,350
	47,858	*	Southwestern Energy Co		1,890,391
	234,557		Spectra Energy Corp		6,152,430
	17,046		St. Mary Land & Exploration Co		1,059,579
	8,467		Sunoco, Inc		359,424
	12,383	*	Swift Energy Co		528,259

275

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	158		Tidewater, Inc	$	9,399
	26,105	*	Ultra Petroleum Corp		1,245,992
	8,293	*	Unit Corp		424,602
	13,083	*	Venoco, Inc		272,911
	13,542		W&T Offshore, Inc		275,580
	44,137	*	Weatherford International Ltd		1,046,930
	9,291	*	Whiting Petroleum Corp		1,173,267
	136,712		Williams Cos, Inc		3,689,857
			TOTAL ENERGY		115,220,377
FOOD & STAPLES RETAILING - 2.6%
	258		Casey’s General Stores, Inc		10,962
	91,940		Costco Wholesale Corp		6,604,970
	172,836		CVS Corp		5,910,991
	70,415		Kroger Co		1,506,881
	2,547		Nash Finch Co		95,945
	278		Ruddick Corp		9,369
	88,015		Safeway, Inc		1,821,030
	2,716		Spartan Stores, Inc		39,355
	182,562		Sysco Corp		5,319,857
	151,107		Walgreen Co		6,110,767
	13,051		Whole Foods Market, Inc		674,867
			TOTAL FOOD & STAPLES RETAILING		28,104,994
FOOD BEVERAGE & TOBACCO - 3.7%
	71,643		Campbell Soup Co		2,445,892
	16,560		ConAgra Foods, Inc		369,785
	555		Del Monte Foods Co		10,523
	201		Diamond Foods, Inc		10,004
	165,589		General Mills, Inc		5,759,185
	3,650	*	Green Mountain Coffee Roasters, Inc		122,567
	76,055		H.J. Heinz Co		3,612,613
	2,859	*	Hansen Natural Corp		161,934
	1,778		Hormel Foods Corp		87,833
	8,339		J.M. Smucker Co		518,352
	95,511		Kellogg Co		4,804,203
	236,047		Kraft Foods, Inc (Class A)		7,215,957
	1,730		Lancaster Colony Corp		96,136
	4,692		McCormick & Co, Inc		207,386
	187,793		PepsiCo, Inc		12,076,968
	221	*	Ralcorp Holdings, Inc		13,525
	123,509		Sara Lee Corp		2,095,948
	2,069		Tootsie Roll Industries, Inc		57,229
	177	*	TreeHouse Foods, Inc		8,469
			TOTAL FOOD BEVERAGE & TOBACCO		39,674,509
HEALTH CARE EQUIPMENT & SERVICES - 3.8%
	106,686		Aetna, Inc		3,514,237
	1,661	*	Amsurg Corp		34,997
	377		Analogic Corp		19,253
	129,259		Baxter International, Inc		6,267,769
	12,272		Beckman Coulter, Inc		883,707

276

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES			COMPANY	VALUE
	70,205		Becton Dickinson & Co	$	5,823,505
	4,434	*	Catalyst Health Solutions, Inc		192,436
	8,354	*	Centene Corp		231,573
	2,060		Chemed Corp		128,194
	1,680	*	Corvel Corp		84,806
	22,701		Dentsply International, Inc		805,431
	613	*	Gen-Probe, Inc		38,552
	2,079	*	Greatbatch, Inc		48,960
	1,033	*	Health Management Associates, Inc (Class A)		9,400
	3,186	*	Healthways, Inc		38,136
	3,284	*	Henry Schein, Inc		215,627
	15,482		Hill-Rom Holdings, Inc		626,557
	150	*	HMS Holdings Corp		9,651
	18,517	*	Humana, Inc		1,073,430
	8,507	*	Idexx Laboratories, Inc		609,952
	2,798	*	Intuitive Surgical, Inc		903,502
	670		Invacare Corp		18,519
	10,687	*	Inverness Medical Innovations, Inc		418,610
	6,396	*	Kinetic Concepts, Inc		295,047
	10,715	*	LifePoint Hospitals, Inc		377,168
	26,512		McKesson Corp		1,992,907
	343	*	MedAssets, Inc		6,733
	23,175	*	Medco Health Solutions, Inc		1,414,139
	203,645		Medtronic, Inc		7,803,677
	5,688	*	Molina Healthcare, Inc		174,394
	2,081	*	MWI Veterinary Supply, Inc		129,355
	1,845		Owens & Minor, Inc		54,483
	15,227		Patterson Cos, Inc		503,405
	5,367	*	PharMerica Corp		60,701
	4,996	*	Resmed, Inc		157,324
	8,620		STERIS Corp		300,148
	98,909	*	WellPoint, Inc		6,144,227
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		41,410,512
HOUSEHOLD & PERSONAL PRODUCTS - 2.9%
	1,164		Alberto-Culver Co		43,359
	56,452		Avon Products, Inc		1,598,155
	1,380		Church & Dwight Co, Inc		94,958
	14,510		Clorox Co		912,534
	62,610		Colgate-Palmolive Co		4,806,570
	8,430		Estee Lauder Cos (Class A)		678,615
	90,208		Kimberly-Clark Corp		5,839,164
	319		Nu Skin Enterprises, Inc (Class A)		9,596
	269,406		Procter & Gamble Co		17,007,600
	3,191	*	USANA Health Sciences, Inc		121,003
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		31,111,554
INSURANCE - 3.6%
	110,682		Aflac, Inc		6,373,069
	134	*	Alleghany Corp		41,377
	873		American Equity Investment Life Holding Co		11,070
	4,034	*	Arch Capital Group Ltd		356,001

277

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	297		Arthur J. Gallagher & Co	$	8,815
	25,284		Aspen Insurance Holdings Ltd		759,784
	21,514		Assurant, Inc		843,994
	3,638		Axis Capital Holdings Ltd		129,440
	94,793		Chubb Corp		5,491,358
	89,258		Cincinnati Financial Corp		2,859,826
	476		Employers Holdings, Inc		7,992
	9,980		Endurance Specialty Holdings Ltd		463,970
	5,595		Erie Indemnity Co (Class A)		371,620
	1,474		Everest Re Group Ltd		124,229
	123,211	*	Genworth Financial, Inc (Class A)		1,671,973
	4,819		Hanover Insurance Group, Inc		227,939
	237		Harleysville Group, Inc		8,373
	77,707		Lincoln National Corp		2,241,070
	1,094	*	Markel Corp		440,335
	24,700		Montpelier Re Holdings Ltd		490,295
	16,911	*	National Financial Partners Corp		214,431
	139	*	Navigators Group, Inc		6,803
	1,464		PartnerRe Ltd		119,872
	76,295	*	Phoenix Cos, Inc		195,315
	10,955		Platinum Underwriters Holdings Ltd		484,211
	71,206		Principal Financial Group		2,333,421
	139	*	ProAssurance Corp		8,155
	190,427		Progressive Corp		3,772,359
	7,015		Protective Life Corp		193,404
	139		RLI Corp		7,488
	179		Safety Insurance Group, Inc		8,519
	476		Selective Insurance Group, Inc		8,463
	941		Stancorp Financial Group, Inc		41,978
	112,432		Travelers Cos, Inc		6,325,424
	26,438		W.R. Berkley Corp		746,874
	19		Wesco Financial Corp		7,140
	42,624		XL Capital Ltd		976,942
			TOTAL INSURANCE		38,373,329
MATERIALS - 5.2%
	66,637		Air Products & Chemicals, Inc		5,814,078
	1,284		Airgas, Inc		80,468
	245,004		Alcoa, Inc		4,059,716
	13,940		Allegheny Technologies, Inc		908,749
	21,586	*	Allied Nevada Gold Corp		570,734
	27,253		AMCOL International Corp		815,410
	4,611		Aptargroup, Inc		221,605
	278		Arch Chemicals, Inc		10,075
	4,111		Ball Corp		292,415
	17,359		Bemis Co, Inc		565,035
	10,051		Buckeye Technologies, Inc		252,883
	5,416	*	Calgon Carbon Corp		77,232
	9,565	*	Castle (A.M.) & Co		150,075
	413	*	Clearwater Paper Corp		32,660
	29,174		Cleveland-Cliffs, Inc		2,493,210
	33,587	*	Coeur d’Alene Mines Corp		785,264

278

TIAA-CREF FUNDS- Social Choice Equity Fund

SHARES			COMPANY	VALUE
	24,333		Commercial Metals Co	$	406,848
	2,065		Compass Minerals International, Inc		189,712
	2,331		Domtar Corporation		204,965
	179		Eastman Chemical Co		16,622
	82,465		Ecolab, Inc		4,097,686
	1,010	*	Ferro Corp		15,574
	12,550	*	General Moly, Inc		63,880
	3,990		Glatfelter		48,000
	18,454		H.B. Fuller Co		420,567
	5,740	*	Horsehead Holding Corp		72,955
	4,374		Innophos Holdings, Inc		145,086
	198		International Flavors & Fragrances, Inc		11,296
	55,514		International Paper Co		1,603,244
	26,366	*	Louisiana-Pacific Corp		264,715
	12,688		Lubrizol Corp		1,363,452
	48,796		MeadWestvaco Corp		1,397,029
	5,189		Minerals Technologies, Inc		327,011
	9,880		Nalco Holding Co		300,945
	90,357		Nucor Corp		4,148,289
	5,710		Olympic Steel, Inc		156,283
	6,890	*	Owens-Illinois, Inc		203,186
	68,165		Praxair, Inc		6,342,072
	274		Quaker Chemical Corp		10,516
	28,263		Reliance Steel & Aluminum Co		1,477,872
	3,349		Rock-Tenn Co (Class A)		223,546
	33,295		Royal Gold, Inc		1,544,888
	10,415		Sealed Air Corp		277,976
	6,484		Sensient Technologies Corp		219,872
	44,455		Sigma-Aldrich Corp		2,829,561
	22,754		Sonoco Products Co		808,905
	1,937	*	Spartech Corp		16,174
	8,818	*	Stillwater Mining Co		191,174
	13,020		Temple-Inland, Inc		312,350
	14,803	*	Titanium Metals Corp		279,037
	81,105		United States Steel Corp		4,677,324
	10,589	*	US Gold Corp		67,770
	9,986		Valspar Corp		373,177
	23,832		Vulcan Materials Co		1,014,290
	1,674		Wausau Paper Corp		14,346
	57,190		Worthington Industries, Inc		1,086,610
	1,396	*	Zoltek Cos, Inc		15,607
			TOTAL MATERIALS		54,370,021
MEDIA - 3.0%
	274		Arbitron, Inc		11,423
	563		Cinemark Holdings, Inc		9,543
	23,465	*	Discovery Communications, Inc (Class A)		915,135
	12,428	*	Discovery Communications, Inc (Class C)		422,055
	10,572	*	DreamWorks Animation SKG, Inc (Class A)		296,756
	5,670	*	Entercom Communications Corp (Class A)		55,566
	60,104	*	Entravision Communications Corp (Class A)		129,825
	15,617	*	EW Scripps Co (Class A)		141,802

279

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	3,400	*	Fisher Communications, Inc	$	82,076
	6,837		Harte-Hanks, Inc		85,257
	2,205		John Wiley & Sons, Inc (Class A)		101,320
	42,077	*	Journal Communications, Inc (Class A)		201,970
	664	*	Knology, Inc		9,714
	60,931	*	Liberty Global, Inc (Class A)		2,471,361
	48,676	*	Lin TV Corp (Class A)		234,618
	41,711	*	McClatchy Co (Class A)		212,726
	16,032	*	Mediacom Communications Corp (Class A)		140,520
	7,548		Meredith Corp		254,368
	42,842	*	New York Times Co (Class A)		433,133
	95,201		Omnicom Group, Inc		4,272,621
	23,536		Scripps Networks Interactive (Class A)		1,094,424
	519,688	*	Sirius XM Radio, Inc		839,296
	87,396		Time Warner Cable, Inc		5,928,071
	8,612	*	Valassis Communications, Inc		261,288
	69,940		Virgin Media, Inc		1,759,690
	249,614		Walt Disney Co		9,702,497
	4,167		Washington Post Co (Class B)		1,784,934
			TOTAL MEDIA		31,851,989
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	193,649		Abbott Laboratories		8,745,189
	14	*	Accelrys, Inc		115
	1,715	*	Affymetrix, Inc		8,318
	62,266	*	Agilent Technologies, Inc		2,604,586
	15,795	*	Akorn, Inc		78,975
	2,038	*	Alkermes, Inc		26,311
	55,837		Allergan, Inc		3,942,651
	138,220	*	Amgen, Inc		7,613,157
	3,523	*	Amylin Pharmaceuticals, Inc		57,002
	1,775	*	Arena Pharmaceuticals, Inc		2,805
	10,340	*	Ariad Pharmaceuticals, Inc		65,918
	2,400	*	Auxilium Pharmaceuticals, Inc		54,456
	46,514	*	Biogen Idec, Inc		3,045,272
	8,002	*	BioMimetic Therapeutics, Inc		103,786
	262,854		Bristol-Myers Squibb Co		6,618,664
	3,850	*	Bruker BioSciences Corp		67,375
	4,094	*	Celera Corp		25,321
	10,726	*	Cepheid, Inc		254,850
	13,923	*	Dendreon Corp		487,862
	50,126	*	Durect Corp		156,393
	25,812	*	Endo Pharmaceuticals Holdings, Inc		857,475
	50,472	*	Genzyme Corp		3,702,121
	6,371	*	Geron Corp		31,218
	179,590	*	Gilead Sciences, Inc		6,892,663
	6,286	*	Hospira, Inc		347,176
	22,308	*	Incyte Corp		328,820
	8,839	*	Isis Pharmaceuticals, Inc		80,435
	273,757		Johnson & Johnson		16,362,455
	10,419	*	Life Technologies Corp		565,648
	357,351		Merck & Co, Inc		11,853,332

280

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	51,399	*	Nektar Therapeutics	$	576,183
	14,378	*	Neurocrine Biosciences, Inc		106,110
	10,130	*	Orexigen Therapeutics, Inc		92,082
	25,946		PDL BioPharma, Inc		128,173
	4,988	*	Pharmasset, Inc		241,718
	11,815	*	Pozen, Inc		71,481
	3,084	*	Progenics Pharmaceuticals, Inc		17,224
	3,875	*	Regeneron Pharmaceuticals, Inc		130,510
	15,572	*	Salix Pharmaceuticals Ltd		637,985
	11,390	*	SIGA Technologies, Inc		130,700
	8,040	*	Synta Pharmaceuticals Corp		40,120
	1,787		Techne Corp		123,214
	540	*	Theravance, Inc		11,362
	2,460	*	United Therapeutics Corp		167,231
	18,796	*	Vivus, Inc		168,224
	13,727	*	Waters Corp		1,048,605
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		78,671,271
REAL ESTATE - 2.0%
	337		Acadia Realty Trust		6,228
	7,938		AMB Property Corp		266,320
	297		American Campus Communities, Inc		9,605
	247,886		Annaly Mortgage Management, Inc		4,419,806
	25,110		Anworth Mortgage Asset Corp		172,506
	79,508	*	Ashford Hospitality Trust, Inc		775,203
	19,243		Boston Properties, Inc		1,815,962
	201		BRE Properties, Inc (Class A)		8,975
	13,316		Capstead Mortgage Corp		169,246
	5,090		CBL & Associates Properties, Inc		86,835
	3,150		Cedar Shopping Centers, Inc		19,058
	5,489		Digital Realty Trust, Inc		298,602
	551		Douglas Emmett, Inc		10,155
	38,497		Duke Realty Corp		527,409
	515		Equity One, Inc		9,605
	2,391		Federal Realty Investment Trust		192,308
	34,637	*	FelCor Lodging Trust, Inc		243,498
	58,909	*	First Industrial Realty Trust, Inc		602,050
	1,693	*	Forest City Enterprises, Inc (Class A)		28,629
	5,106	*	Forestar Real Estate Group, Inc		95,278
	9,360		Glimcher Realty Trust		82,462
	17,351		HCP, Inc		643,549
	14,587		Health Care REIT, Inc		715,930
	54,570		Hersha Hospitality Trust		359,616
	863		Highwoods Properties, Inc		28,281
	122,864		Host Marriott Corp		2,274,212
	4,999		HRPT Properties Trust		133,323
	428		Jones Lang LaSalle, Inc		37,938
	266		Kilroy Realty Corp		10,145
	56,253		Kimco Realty Corp		1,017,617
	373		LaSalle Hotel Properties		10,358
	2,659		Lexington Corporate Properties Trust		22,522
	9,816		Liberty Property Trust		341,302

281

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	720		LTC Properties, Inc	$	19,685
	7,818		Macerich Co		380,424
	873		Medical Properties Trust, Inc		9,586
	4,785		MFA Mortgage Investments, Inc		39,093
	3,160		Mid-America Apartment Communities, Inc		201,450
	71,267		NorthStar Realty Finance Corp		369,876
	1,000		Post Properties, Inc		37,030
	112,023		Prologis		1,671,383
	132,656		RAIT Investment Trust		335,620
	2,250		Regency Centers Corp		96,998
	890	*	Sunstone Hotel Investors, Inc		9,087
	404		Tanger Factory Outlet Centers, Inc		10,548
	210		Taubman Centers, Inc		10,994
	5,012		UDR, Inc		117,682
	1,020		Urstadt Biddle Properties, Inc (Class A)		19,798
	1,050		U-Store-It Trust		10,143
	7,950		Ventas, Inc		440,907
	25,299		Vornado Realty Trust		2,228,588
	297		Washington Real Estate Investment Trust		9,112
			TOTAL REAL ESTATE		21,452,537
RETAILING - 4.2%
	533		Advance Auto Parts, Inc		34,080
	17,885		American Eagle Outfitters, Inc		258,617
	2,243	*	AnnTaylor Stores Corp		49,615
	9,338	*	Autozone, Inc		2,367,463
	35,026	*	Bed Bath & Beyond, Inc		1,681,248
	60,830		Best Buy Co, Inc		2,068,220
	11,464	*	Carmax, Inc		374,300
	1,450		Cato Corp (Class A)		35,438
	1,936	*	Charming Shoppes, Inc		6,021
	10,669		Chico’s FAS, Inc		116,505
	658	*	Coldwater Creek, Inc		1,915
	10,746		Foot Locker, Inc		191,924
	6,192	*	GameStop Corp (Class A)		130,465
	105,591		Gap, Inc		2,034,739
	62,844		Genuine Parts Co		3,252,177
	23,173	*	Hibbett Sports, Inc		741,999
	8,884		Hot Topic, Inc		48,240
	7,844	*	HSN, Inc		220,887
	28,344		JC Penney Co, Inc		908,992
	61,757	*	Kohl’s Corp		3,136,021
	90,525	*	Liberty Media Holding Corp (Interactive A)		1,433,916
	54,048		Limited Brands, Inc		1,580,364
	495	*	LKQ Corp		11,959
	252,693		Lowe’s Cos, Inc		6,266,786
	21,020		Macy’s, Inc		486,613
	300		Men’s Wearhouse, Inc		7,863
	324		Monro Muffler, Inc		10,718
	21,352		Nordstrom, Inc		879,275
	15,969	*	Office Depot, Inc		83,837
	14,576	*	Orbitz Worldwide, Inc		74,775

282

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	158	*	O’Reilly Automotive, Inc	$	8,979
	1,840	*	Overstock.com, Inc		27,453
	6,590		Petsmart, Inc		265,182
	1,869	*	Pier 1 Imports, Inc		17,513
	5,787		RadioShack Corp		87,673
	2,081	*	Retail Ventures, Inc		31,381
	1,038	*	Sally Beauty Holdings, Inc		13,660
	1,873		Stage Stores, Inc		29,032
	120,992		Staples, Inc		2,699,332
	2,017		Stein Mart, Inc		15,803
	146,564		Target Corp		8,036,105
	8,511		Tiffany & Co		494,744
	88,635		TJX Companies, Inc		4,200,413
	240		Tractor Supply Co		12,314
	361	*	Ulta Salon Cosmetics & Fragrance, Inc		13,371
	2,615		Williams-Sonoma, Inc		84,203
			TOTAL RETAILING		44,532,130
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%
	14,463	*	Advanced Energy Industries, Inc		223,381
	155,622	*	Advanced Micro Devices, Inc		1,218,520
	12,460	*	Anadigics, Inc		85,102
	299,522		Applied Materials, Inc		4,699,500
	28,446	*	Atmel Corp		385,159
	1,470	*	Cabot Microelectronics Corp		66,312
	27,027	*	Energy Conversion Devices, Inc		110,270
	23,149	*	Entegris, Inc		177,090
	2,557	*	Evergreen Solar, Inc		5,753
	615,365		Intel Corp		13,205,732
	622	*	IXYS Corp		7,047
	13,560	*	Lattice Semiconductor Corp		84,479
	64,630	*	LSI Logic Corp		400,060
	8,564	*	LTX-Credence Corp		75,920
	761		Micrel, Inc		10,190
	1,976	*	MKS Instruments, Inc		56,731
	102,152	*	ON Semiconductor Corp		1,128,780
	258		Power Integrations, Inc		9,528
	11,334	*	RF Micro Devices, Inc		76,164
	1,398	*	Rudolph Technologies, Inc		14,064
	4,222	*	Sigma Designs, Inc		58,812
	13,357	*	Skyworks Solutions, Inc		424,352
	48,774	*	Sunpower Corp (Class A)		655,523
	11,999	*	Sunpower Corp (Class B)		158,387
	846	*	Teradyne, Inc		14,111
	240,022		Texas Instruments, Inc		8,139,146
	2,380	*	Ultratech, Inc		53,633
	22,438		Xilinx, Inc		722,504
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		32,266,250
SOFTWARE & SERVICES - 8.7%
	136,353		Accenture plc		7,018,090
	82,911	*	Adobe Systems, Inc		2,740,209

283

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	328	*	Advent Software, Inc	$	9,696
	12,439	*	Akamai Technologies, Inc		601,052
	914	*	Ansys, Inc		47,939
	484	*	Ariba, Inc		13,596
	30,655	*	Autodesk, Inc		1,247,045
	1,800	*	Blackboard, Inc		69,948
	22,900		Broadridge Financial Solutions, Inc		524,181
	9,437		CA, Inc		224,601
	4,688	*	Ciber, Inc		21,377
	20,495	*	Compuware Corp		219,706
	717	*	Convergys Corp		10,210
	2,418	*	CSG Systems International, Inc		47,030
	8,976	*	Deltek, Inc		63,819
	21,194		Earthlink, Inc		180,785
	4,930	*	Ebix, Inc		111,172
	5,243	*	Equinix, Inc		463,586
	114		Factset Research Systems, Inc		11,491
	6,230	*	FalconStor Software, Inc		22,584
	446	*	Gartner, Inc		15,797
	179		Global Payments, Inc		8,456
	25,723	*	Google, Inc (Class A)		15,443,061
	1,420		iGate Corp		21,868
	16,504	*	Informatica Corp		765,786
	5,595	*	Internap Network Services Corp		40,788
	128,794		International Business Machines Corp		20,864,629
	7,607	*	Intuit, Inc		356,997
	12,864		Jack Henry & Associates, Inc		380,260
	359	*	JDA Software Group, Inc		10,835
	19,846	*	Lawson Software, Inc		186,552
	4,498	*	Liquidity Services, Inc		64,186
	4,065	*	Liveperson, Inc		44,593
	6,347		Marchex, Inc (Class B)		60,423
	10,507	*	Mentor Graphics Corp		133,807
	240	*	Micros Systems, Inc		10,978
	671,639		Microsoft Corp		18,621,190
	119	*	MicroStrategy, Inc (Class A)		12,657
	2,845	*	NeuStar, Inc (Class A)		76,331
	22,052		NIC, Inc		225,592
	62,889	*	Novell, Inc		378,592
	316,938		Oracle Corp		10,151,523
	3,210		Pegasystems, Inc		109,718
	639	*	Perficient, Inc		7,470
	446	*	Progress Software Corp		12,759
	2,200	*	Rackspace Hosting, Inc		73,722
	13,322	*	RealNetworks, Inc		50,091
	11,269	*	S1 Corp		72,572
	18,470	*	Salesforce.com, Inc		2,385,216
	17,779		Sapient Corp		212,459
	9,883	*	Smith Micro Software, Inc		124,723
	4,432	*	Sonic Solutions, Inc		64,641
	158,537	*	Symantec Corp		2,791,837
	3,047	*	Synchronoss Technologies, Inc		86,718

284

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	337		Syntel, Inc	$	18,794
	13,360	*	Terremark Worldwide, Inc		253,038
	25,055	*	TIBCO Software, Inc		550,709
	12,283	*	TNS, Inc		217,163
	40,654		Total System Services, Inc		707,786
	2,609	*	Travelzoo, Inc		122,623
	4,559	*	Tyler Technologies, Inc		94,599
	3,450	*	Ultimate Software Group, Inc		167,670
	470	*	Unisys Corp		13,315
	12,005		United Online, Inc		84,875
	5,055	*	Vasco Data Security International		38,266
	5,008	*	Wright Express Corp		236,979
	211,590	*	Yahoo!, Inc		3,410,831
			TOTAL SOFTWARE & SERVICES		93,431,592
TECHNOLOGY HARDWARE & EQUIPMENT - 4.8%
	8,256	*	Acme Packet, Inc		444,008
	25,354	*	Agilysys, Inc		145,278
	1,457	*	Avid Technology, Inc		24,259
	4,414	*	Benchmark Electronics, Inc		83,822
	9,591	*	Bookham, Inc		133,123
	636,285	*	Cisco Systems, Inc		13,457,428
	600		Cognex Corp		18,804
	2,642	*	Comverge, Inc		16,380
	25,575	*	Cray, Inc		191,173
	1,600		CTS Corp		18,144
	2,095		Daktronics, Inc		31,991
	352,960	*	Dell, Inc		4,644,954
	440	*	DG FastChannel, Inc		12,060
	1,190	*	DTS, Inc		53,336
	206,143	*	EMC Corp		5,130,899
	15,641	*	Finisar Corp		520,845
	13,812	*	Harmonic, Inc		116,573
	270,770		Hewlett-Packard Co		12,371,480
	1,209	*	Infinera Corp		8,868
	4,807		InterDigital, Inc		231,457
	1,629	*	Intermec, Inc		18,505
	3,282	*	Intevac, Inc		45,128
	350	*	Itron, Inc		20,307
	3,346	*	Ixia		52,633
	8,614	*	Lexmark International, Inc (Class A)		300,112
	212		Littelfuse, Inc		10,871
	12,190	*	Loral Space & Communications, Inc		907,789
	436		Molex, Inc		11,401
	63,134	*	Motorola, Inc		2,447,705
	278		National Instruments Corp		11,762
	31,057	*	NetApp, Inc		1,699,750
	378	*	Netgear, Inc		13,100
	14,246	*	Oplink Communications, Inc		353,016
	8,912		Plantronics, Inc		315,485
	281	*	Plexus Corp		7,598
	12,585	*	Polycom, Inc		551,852

285

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	38,512	*	Power-One, Inc	$	412,079
	14,710	*	QLogic Corp		261,985
	173,915	*	Quantum Corp		467,831
	17,622	*	Radisys Corp		149,082
	610	*	Rofin-Sinar Technologies, Inc		23,851
	1,215	*	Seachange International, Inc		10,060
	72,485	*	Seagate Technology, Inc		1,014,790
	9,704	*	Smart Modular Technologies WWH, Inc		65,599
	12,046	*	STEC, Inc		246,823
	1,289	*	Super Micro Computer, Inc		18,143
	1,597		Sycamore Networks, Inc		33,313
	23,453	*	Symmetricom, Inc		145,643
	3,960	*	Synaptics, Inc		112,702
	533	*	Tech Data Corp		25,003
	7,020	*	Tekelec		80,555
	45,630		Tellabs, Inc		241,839
	8,289	*	Trimble Navigation Ltd		381,958
	3,218	*	TTM Technologies, Inc		51,166
	455	*	Universal Display Corp		15,397
	251,434		Xerox Corp		2,670,229
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		50,849,944
TELECOMMUNICATION SERVICES - 2.0%
	29,666		Alaska Communications Systems Group, Inc		272,927
	53,331	*	American Tower Corp (Class A)		2,712,415
	60,677		CenturyTel, Inc		2,623,673
	18,787	*	Cincinnati Bell, Inc		53,543
	18,411	*	Crown Castle International Corp		776,392
	352,797		Frontier Communications Corp		3,235,148
	66,475	*	MetroPCS Communications, Inc		859,522
	38,685	*	NII Holdings, Inc (Class B)		1,623,996
	2,685	*	PAETEC Holding Corp		10,606
	534,729		Qwest Communications International, Inc		3,812,618
	2,480	*	SBA Communications Corp (Class A)		101,184
	718,007	*	Sprint Nextel Corp		3,245,391
	938		Telephone & Data Systems, Inc		33,534
	13,046	*	tw telecom inc (Class A)		223,739
	485	*	US Cellular Corp		23,639
	140,433		Windstream Corp		1,798,947
			TOTAL TELECOMMUNICATION SERVICES		21,407,274
TRANSPORTATION - 2.9%
	95,086	*	Airtran Holdings, Inc		702,686
	3,117		Alexander & Baldwin, Inc		125,054
	158		Allegiant Travel Co		7,353
	5,752		CH Robinson Worldwide, Inc		443,422
	84,737		CSX Corp		5,982,432
	84,263	*	Delta Air Lines, Inc		983,349
	4,680	*	Dollar Thrifty Automotive Group, Inc		227,074
	5,668		Expeditors International Washington, Inc		287,198
	65,172		FedEx Corp		5,886,335
	931	*	Genesee & Wyoming, Inc (Class A)		48,179

286

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	436		Heartland Express, Inc	$	6,987
	12,509	*	Hertz Global Holdings, Inc		184,007
	5,864		Horizon Lines, Inc (Class A)		29,027
	409	*	Hub Group, Inc (Class A)		14,225
	218		J.B. Hunt Transport Services, Inc		8,938
	12,597	*	Kansas City Southern Industries, Inc		629,598
	218	*	Kirby Corp		10,189
	91,444		Norfolk Southern Corp		5,595,458
	1,949		Ryder System, Inc		93,708
	6,690		Skywest, Inc		100,685
	135,888		Southwest Airlines Co		1,610,272
	108,817		United Parcel Service, Inc (Class B)		7,793,473
	318		Werner Enterprises, Inc		7,839
			TOTAL TRANSPORTATION		30,777,488
UTILITIES - 4.4%
	30,350		AGL Resources, Inc		1,113,845
	32,667		Alliant Energy Corp		1,213,906
	29,272		Aqua America, Inc		676,769
	34,129		Atmos Energy Corp		1,112,605
	63,204		Avista Corp		1,431,571
	400		California Water Service Group		14,600
	39,285	*	Calpine Corp		560,597
	55,466		Centerpoint Energy, Inc		895,776
	5,970		Central Vermont Public Service Corp		128,176
	4,786		CH Energy Group, Inc		232,647
	87,203		Cleco Corp		2,725,966
	97,392		Consolidated Edison, Inc		4,860,834
	4,764		DTE Energy Co		220,383
	84,603		Hawaiian Electric Industries, Inc		2,106,615
	73,028		Idacorp, Inc		2,729,056
	2,471		ITC Holdings Corp		162,345
	6,753		Laclede Group, Inc		256,614
	357		MDU Resources Group, Inc		7,579
	12,624		MGE Energy, Inc		513,797
	4,919		New Jersey Resources Corp		206,401
	83,681		NextEra Energy, Inc		4,473,586
	22,591		Nicor, Inc		1,140,167
	140,645		NiSource, Inc		2,618,810
	39,336		Northeast Utilities		1,294,941
	4,667		Northwest Natural Gas Co		207,962
	26,751		NSTAR		1,160,458
	92,454		NV Energy, Inc		1,328,564
	169,934		Pepco Holdings, Inc		3,155,674
	39,812		PG&E Corp		1,842,499
	40,494		Piedmont Natural Gas Co, Inc		1,136,262
	82,515		PPL Corp		2,128,062
	2,850		SCANA Corp		120,470
	43,733		Sempra Energy		2,277,177
	5,698		SJW Corp		139,259
	15,507		South Jersey Industries, Inc		810,086
	5,153		Southwest Gas Corp		191,898

287

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES		COMPANY	MATURITY DATE	VALUE
	4,960	UIL Holdings Corp		$	149,742
	14,518	WGL Holdings, Inc			523,519
	3,877	Wisconsin Energy Corp			233,744
	10,450	Xcel Energy, Inc			246,307
		TOTAL UTILITIES			46,349,269
		TOTAL COMMON STOCKS			1,057,205,131
		(Cost $925,464,886)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 0.8%
GOVERNMENT AGENCY DEBT - 0.8%
	$  8,765,000	Federal Home Loan Bank	02/01/11		8,765,000
					8,765,000
		TOTAL SHORT-TERM INVESTMENTS			8,765,000
		(Cost $8,765,000)
		TOTAL INVESTMENTS - 99.8%			1,065,970,131
		(Cost $934,229,886)
		OTHER ASSETS & LIABILITIES, NET - 0.2%			1,845,765
		NET ASSETS - 100.0%		$	1,067,815,896

	Abbreviation(s):
	REIT-Real Estate Investment Trust
*	Non-income producing.

288

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Note 1—organization and significant accounting policies

TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that was organized on April 15, 1999 and is registered with them Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The following TIAA-CREF Funds are included in this report: Growth & Income Fund, International Equity Fund, Emerging Markets Equity Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Large-Cap Growth Index Fund, Large-Cap Value Index Fund, Equity Index Fund, S&P 500 Index Fund, Small-Cap Blend Index Fund, International Equity Index Fund, Emerging Markets Equity Index Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund and the Social Choice Equity Fund (the “Funds” or individually the “Fund”).

The Funds offer their shares, without a sales load, through their prin cipal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly-owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). 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 four share classes, although any one Fund may not necessarily offer all four classes. The Funds may offer Institutional, Retirement, Retail and Premier Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.

In the normal course of business, each Fund enters into contracts that contain a variety of representations and warranties and that 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 Board of Trustees (“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.

The accompanying schedule of investments were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) which may require the use of estimates made by management. Actual results may differ from those estimates. The following is a summary of the significant accounting policies consistently followed by the Funds.

Security valuation: The Funds investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedule of investments.

Accounting for investments: Securities transactions are accounted for as of the trade date for financial reporting purposes.

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.

Equity-linked notes: Equity-linked notes are debt securities issued by banks or broker-dealers and are designed to offer a return linked to an underlying security or market index. Equity-linked notes are structured with a defined maturity date. When the note matures, the issuer will pay to, or receive from the Fund, the difference between the nominal value of the underlying instrument at the time of purchase and that instrument’s value at maturity. The Fund will record a realized gain or loss on the transaction. The note is valued daily and any change in the value of the note is reflected in net unrealized gains and losses.

289

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Investments in equity-linked notes involve the same risks associated with a direct investment in the underlying security or index that the notes seek to replicate. In addition, there is also counterparty risk associated with these investments because the Fund is relying on the creditworthiness of such counterparty and has no rights under an equity-linked note against the issuer of the underlying security. As of January 31, 2011, the Emerging Markets Equity Fund and the Emerging Markets Equity Index Fund are parties to equity-linked notes in order to gain exposure to certain equity markets.

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.

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

Note 2—valuation of investments

Portfolio investments are valued at fair value utilizing various valuation methods approved by the Trustees. U.S. GAAP establishes 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 and 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 last sale or official closing price reported on the exchange where traded and 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 Trustees. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.

Debt securities: Debt securities, including equity-linked notes, will generally be valued using prices provided by a pricing service that 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

290

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

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 with maturities of 60 days or less are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. 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.

Investments in Registered Investment Companies: These investments are valued at their net asset value on the valuation date. 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 sale price as of the close of such commodities exchanges and are categorized in Level 1 of the fair value hierarchy.

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Trustees. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy, otherwise they would be categorized as Level 3.

Transfers between levels are recognized at the end of the reporting period. For the period ended January 31, 2011, there were no significant transfers between levels by the Funds.

As of January 31, 2011, 100% of the value of investments in the Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund were valued based on Level 1 inputs.

As of January 31, 2011, 100% of the value of investments in the International Equity Fund were valued based on Level 2 inputs.

291

The following is a summary of the inputs used to value the remaining Funds’ investments as of January 31, 2011:

Fund	Level 1		Level 2		Level 3		Total
Growth & Income
Consumer Discretionary	$	227,157,313	$	13,153,318	$	—	$	240,310,631
Consumer Staples		177,075,501		13,675,306		—		190,750,807
Energy*		233,029,826		2,001,501		—		235,031,327
Financials		298,674,840		—		—		298,674,840
Health Care		240,919,007		15,362,278		—		256,281,285
Industrials		231,676,609		6,300,549		—		237,977,158
Information Technology		421,024,537		7,647,968		—		428,672,505
Materials		71,517,692		5,125,734		—		76,643,426
Telecommunication Services		48,400,809		—		—		48,400,809
Utilities		21,344,152		—		—		21,344,152
Short-term Investments		—		9,310,000		—		9,310,000
Total	$	1,970,820,286	$	72,576,654	$	—	$	2,043,396,940
Emerging Markets Equity
China*	$	1,563,368	$	33,552,882	$	—	$	35,116,250
Brazil		—		31,553,371		—		31,553,371
Korea, Republic of		—		29,423,734		—		29,423,734
Taiwan		—		20,209,055		—		20,209,055
India		—		17,319,493		—		17,319,493
Russia*		1,086,400		12,685,256		—		13,771,656
South Africa		—		11,895,056		—		11,895,056
Mexico		198,314		10,219,545		—		10,417,859
Malaysia		—		6,866,394		—		6,866,394
Hong Kong*		233,382		5,490,674		—		5,724,056
Indonesia		—		4,508,529		—		4,508,529
Other*		1,990,637		24,332,042		—		26,322,679
Short-term Investments		—		4,370,000		—		4,370,000
Total	$	5,072,101	$	212,426,031	$	—	$	217,498,132
Large-Cap Growth
Consumer Discretionary	$	173,202,115	$	30,674,746	$	—	$	203,876,861
Consumer Staples		31,270,174		7,837,413		—		39,107,587
Energy		85,182,712		9,120,975		—		94,303,687
Financials		57,628,793		—		—		57,628,793
Health Care*		126,579,067		—		—		126,579,067
Industrials		155,509,897		5,550,788		—		161,060,685
Information Technology*		377,419,908		—		—		377,419,908
Materials		33,092,732		3,296,572		—		36,389,304
Short-term Investments		—		16,805,000		—		16,805,000
Total	$	1,039,885,398	$	73,285,494	$	—	$	1,113,170,892
Large-Cap Value
Consumer Discretionary	$	157,614,587	$	6,329,796	$	—	$	163,944,383
Consumer Staples		180,760,568		7,842,449		—		188,603,017
Energy*		208,077,408		8,035,616		—		216,113,024
Financials		475,271,319		10,927,426		—		486,198,745
Health Care		228,322,128		17,042,871		—		245,364,999
Industrials		178,963,954		27,202,558		—		206,166,512
Information Technology*		186,522,726		7,924,048		—		194,446,774
Materials		65,108,599		—		—		65,108,599
Telecommunication Services		93,113,056		5,808,935		—		98,921,991
Utilities		97,480,756		—		—		97,480,756
Short-term Investments		—		44,650,000		—		44,650,000
Total	$	1,871,235,101	$	135,763,699	$	—	$	2,006,998,800
Mid-Cap Growth
Consumer Discretionary	$	220,058,056	$	9,150,333	$	—	$	229,208,389
Consumer Staples		33,546,875		—		—		33,546,875

292

Energy		39,209,011			23,650,169		—		62,859,180
Financials		101,137,978			—		—		101,137,978
Health Care		161,390,721			—		—		161,390,721
Industrials		219,695,542			—		—		219,695,542
Information Technology		303,323,074			3,351,785		—		306,674,859
Materials		93,698,476			—		—		93,698,476
Telecommunication Services		19,560,197			—		—		19,560,197
Total	$	1,191,619,930		$	36,152,287	$	—	$	1,227,772,217
Mid-Cap Value
Consumer Discretionary	$	283,673,996		$	9,379,889	$	—	$	293,053,885
Consumer Staples		163,518,883			12,229,283		—		175,748,166
Energy*		263,943,057			15,339,175		—		279,282,232
Financials		647,924,274			—		—		647,924,274
Health Care*		172,304,415			10,764,468		—		183,068,883
Industrials		299,475,581			4,801,095		—		304,276,676
Information Technology		149,268,041			—		—		149,268,041
Materials		179,200,610			25,013,492		—		204,214,102
Telecommunication Services		75,318,371			—		—		75,318,371
Utilities		198,670,792			—		—		198,670,792
Short-term Investments		—			6,100,000		—		6,100,000
Total	$	2,433,298,020		$	83,627,402	$	—	$	2,516,925,422
Small-Cap Equity
Consumer Discretionary	$	164,412,874		$	—	$	—	$	164,412,874
Consumer Staples		33,525,413			—		—		33,525,413
Energy		90,497,889			—		—		90,497,889
Financials		235,075,315			—		—		235,075,315
Health Care		145,284,147			—		—		145,284,147
Industrials		183,551,362			—		—		183,551,362
Information Technology		262,965,446			—		—		262,965,446
Materials		63,189,520			—		—		63,189,520
Telecommunication Services		14,427,089			—		—		14,427,089
Utilities		37,096,126			—		—		37,096,126
Short-term Investments		—			9,430,000		—		9,430,000
Futures**		103,139			—		—		103,139
Total	$	1,230,128,320		$	9,430,000	$	—	$	1,239,558,320
Large-Cap Growth Index
Consumer Discretionary	$	98,203,993		$	—	$	—	$	98,203,993
Consumer Staples		63,221,718			—		—		63,221,718
Energy		79,770,035			—		—		79,770,035
Financials		41,728,705			—		—		41,728,705
Health Care		67,321,519			—		—		67,321,519
Industrials		92,453,118			—		—		92,453,118
Information Technology		217,121,735			—		—		217,121,735
Materials		34,991,470			—		—		34,991,470
Telecommunication Services		5,614,604			—		—		5,614,604
Utilities		557,426			—		—		557,426
Short-term Investments		—			2,625,000		—		2,625,000
Futures**		(13,500	)		—		—		(13,500	)
Total	$	700,970,823		$	2,625,000	$	—	$	703,595,823
Large-Cap Value Index
Consumer Discretionary	$	58,537,149		$	—	$	—	$	58,537,149
Consumer Staples		72,302,744			—		—		72,302,744
Energy		98,904,533			—		—		98,904,533
Financials		220,433,980			—		—		220,433,980
Health Care		93,153,621			—		—		93,153,621
Industrials		71,766,267			—		—		71,766,267
Information Technology		42,334,051			—		—		42,334,051
Materials		23,960,041			—		—		23,960,041

293

Telecommunication Services		37,011,229			—		—		37,011,229
Utilities		51,752,678			—		—		51,752,678
Short-term Investments		—			9,405,000		—		9,405,000
Futures**		9,982			—		—		9,982
Total	$	770,166,275		$	9,405,000	$	—	$	779,571,275
Equity Index
Consumer Discretionary	$	242,892,034		$	—	$	—	$	242,892,034
Consumer Staples		191,304,430			—		—		191,304,430
Energy		256,938,600			—		—		256,938,600
Financials		387,059,633			—		—		387,059,633
Health Care		241,310,866			—		—		241,310,866
Industrials		256,061,265			—		—		256,061,265
Information Technology		406,044,737			—		—		406,044,737
Materials		92,411,809			—		—		92,411,809
Telecommunication Services		57,822,413			—		—		57,822,413
Utilities		73,416,739			—		—		73,416,739
Short-term Investments		—			4,905,000		—		4,905,000
Futures**		(10,351	)		—		—		(10,351	)
Total	$	2,205,252,175		$	4,905,000	$	—	$	2,210,157,175
S&P 500 Index
Consumer Discretionary	$	120,636,169		$	—	$	—	$	120,636,169
Consumer Staples		119,626,606			—		—		119,626,606
Energy		148,753,107			—		—		148,753,107
Financials		194,661,109			—		—		194,661,109
Health Care		125,029,484			—		—		125,029,484
Industrials		130,582,229			—		—		130,582,229
Information Technology		222,185,017			—		—		222,185,017
Materials		42,750,809			—		—		42,750,809
Telecommunication Services		34,167,633			—		—		34,167,633
Utilities		38,155,425			—		—		38,155,425
Short-term Investments		—			10,220,000		—		10,220,000
Futures**		(3,319	)		—		—		(3,319	)
Total	$	1,176,544,269		$	10,220,000	$	—	$	1,186,764,269
Small-Cap Blend Index
Consumer Discretionary	$	112,671,382		$	—	$	—	$	112,671,382
Consumer Staples		24,569,259			—		—		24,569,259
Energy		57,119,374			—		—		57,119,374
Financials		182,761,042			—		—		182,761,042
Health Care		105,247,040			—		—		105,247,040
Industrials		132,134,210			—		—		132,134,210
Information Technology		161,810,084			—		—		161,810,084
Materials		48,027,636			—		—		48,027,636
Telecommunication Services		6,967,991			—		—		6,967,991
Utilities		26,118,387			—		—		26,118,387
Short-term Investments		—			4,280,000		—		4,280,000
Futures**		(3,611	)		—		—		(3,611	)
Total	$	857,422,794		$	4,280,000	$	—	$	861,702,794
International Equity Index
Japan	$	—		$	518,949,920	$	—	$	518,949,920
United Kingdom		—			458,237,916		—		458,237,916
France		—			224,976,543		—		224,976,543
Australia		—			202,121,329		—		202,121,329
Germany		—			199,795,116		—		199,795,116
Switzerland		—			182,709,087		—		182,709,087
Netherlands		—			110,827,287		—		110,827,287
Spain		—			86,388,900		—		86,388,900
Sweden		—			76,856,638		—		76,856,638

294

Italy		—			65,671,602		—		65,671,602
Hong Kong		—			64,348,233		—		64,348,233
Other*		24,086,467			208,034,647		—		232,121,114
Short-term Investments		—			20,575,000		—		20,575,000
Futures**		(55,842	)		—		—		(55,842	)
Total	$	24,030,625		$	2,419,492,218	$	—	$	2,443,522,843
Emerging Markets Equity Index
Brazil	$	—		$	20,798,710	$	—	$	20,798,710
China		—			20,675,684		—		20,675,684
Korea*		138,400			18,923,697		—		19,062,097
Taiwan		—			14,068,321		—		14,068,321
South Africa		—			9,433,036		—		9,433,036
India		—			9,366,832		—		9,366,832
Russia*		583,420			7,929,794		—		8,513,214
Mexico		335,074			6,043,363		—		6,378,437
United States		4,257,855			—		—		4,257,855
Malaysia		—			4,039,009		—		4,039,009
Indonesia		—			2,793,724		—		2,793,724
Other*		491,629			12,813,665		—		13,305,294
Total	$	5,806,378		$	126,885,835	$	—	$	132,692,213
Enhanced International Equity Index
Japan	$	—		$	119,825,096	$	—	$	119,825,096
United Kingdom*		16,630,289			83,758,295		—		100,388,584
France		—			54,219,500		—		54,219,500
Australia		—			46,853,668		—		46,853,668
Germany		—			45,479,103		—		45,479,103
Switzerland		—			41,094,859		—		41,094,859
Netherlands		—			27,726,877		—		27,726,877
Spain		—			21,930,875		—		21,930,875
Sweden		—			19,751,838		—		19,751,838
United States		15,368,212			—		—		15,368,212
Hong Kong		—			14,939,929		—		14,939,929
Italy		—			13,920,274		—		13,920,274
Other		—			47,618,387		—		47,618,387
Total	$	31,998,501		$	537,118,701	$	—	$	569,144,202
Social Choice Equity
Consumer Discretionary	$	132,302,031		$	—	$	—	$	132,302,031
Consumer Staples		98,891,057			—		—		98,891,057
Energy		115,220,377			—		—		115,220,377
Financials		170,662,102			—		—		170,662,102
Health Care		120,081,783			—		—		120,081,783
Industrials		121,373,431			—		—		121,373,431
Information Technology		176,547,786			—		—		176,547,786
Materials		54,370,021			—		—		54,370,021
Telecommunication Services		21,407,274			—		—		21,407,274
Utilities		46,349,269			—		—		46,349,269
Short-term Investments		—			8,765,000		—		8,765,000
Total	$	1,057,205,131		$	8,765,000	$	—	$	1,065,970,131
* Includes American Depositary Receipts
** Derivatives instruments not reflected in the portfolio of investments. They are valued at the unrealized appreciation/depreciation on the instrument.

295

Note 3—derivative instruments

As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variable. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.

Futures contracts: The Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds may use futures contracts to manage exposure to the equity markets and 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 sale 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 funds, guarantees the futures against default.

At January 31, 2011, the Funds held the following open futures contracts:

Fund	Future	Number of Contracts	Market Value		Expiration Date	Unrealized Appreciation / (Depreciation)
Small-Cap Equity	Mini Russell 2000 Index	87	$	6,787,740	March 2011	$	103,139
Equity Index	Mini Russell 2000 Index	6	$	468,120	March 2011	$	76
	CME E-Mini S&P Mid-Cap 400 Index	6		553,860	March 2011		1,156
	CME E-Mini S&P 500 Index	46		2,949,520	March 2011		(11,583	)
Total		58	$	3,971,500		$	(10,351	)
Large-Cap Growth Index	CME E-Mini S&P 500 Index	31	$	1,987,720	March 2011	$	(13,500	)
Large-Cap Value Index	CME E-Mini S&P 500 Index	140	$	8,976,800	March 2011	$	9,982
S&P 500 Index	CME E-Mini S&P 500 Index	43	$	2,757,160	March 2011	$	(3,319	)
Small-Cap Blend Index	Mini Russell 2000 Index	5	$	390,100	March 2011	$	(3,611	)
International Equity Index	CME E-Mini MSCI EAFE Index	74	$	6,264,840	March 2011	$	(55,842	)

296

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Note 4—affiliated investments

Companies in which the Fund holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Fund, pursuant to the 1940 Act. Additionally, investments in other investment companies advised by Advisors or affiliated entities are deemed to be affiliated companies. Information regarding transactions with affiliated companies is as follows:

Issue	Value at October 31, 2010		Purchase Cost		Sales Proceeds		Realized Gain/(Loss)		Dividend Income		Withholding Expense		Shares at January 31, 2011	Value at January 31, 2011
International Equity Fund
Tecan Group AG.	$	60,123,098	$	—	$	—	$	—	$	—	$	—	863,710	$	73,515,994

Note 5—investments

At January 31, 2011, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments, consisting of gross unrealized appreciation and gross unrealized depreciation was as follows:

Fund	Book Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)
Growth & Income	$	1,764,565,759	$	298,859,812	$	(20,028,631	)	$	278,831,181
International Equity		2,460,522,411		401,371,481		(28,405,756	)		372,965,725
Emerging Markets Equity		202,740,045		20,298,385		(5,540,298	)		14,758,087
Large-Cap Growth		972,215,620		148,035,187		(7,079,915	)		140,955,272
Large-Cap Value		1,850,167,292		232,229,933		(75,398,425	)		156,831,508
Mid-Cap Growth		996,819,901		245,602,980		(14,650,664	)		230,952,316
Mid-Cap Value		2,081,811,416		471,268,182		(36,154,176	)		435,114,006
Small-Cap Equity		1,085,319,722		185,243,342		(31,107,883	)		154,135,459
Large-Cap Growth Index		575,953,185		143,502,768		(15,846,630	)		127,656,138
Large-Cap Value Index		786,577,850		82,334,328		(89,350,885	)		(7,016,557	)
Equity Index		1,868,431,386		468,644,330		(126,908,190	)		341,736,140
S&P 500 Index		1,151,802,096		191,104,532		(156,139,040	)		34,965,492
Small-Cap Blend Index		750,260,885		190,608,946		(79,163,426	)		111,445,520
International Equity Index		2,315,293,665		270,790,977		(142,505,957	)		128,285,020
Emerging Markets Equity Index		118,404,186		16,218,690		(1,930,663	)		14,288,027
Enhanced International Equity Index		504,352,663		71,188,763		(6,397,224	)		64,791,539
Enhanced Large-Cap Growth Index		672,525,266		160,472,376		(5,111,186	)		155,361,190
Enhanced Large-Cap Value Index		681,778,615		121,851,771		(2,205,291	)		119,646,480
Social Choice Equity		934,229,886		166,826,424		(35,086,179	)		131,740,245

297

Item 2. Controls and Procedures.

(a) An evaluation was performed within 90 days of 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 have 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: March 23, 2011	By:	/s/ Scott C. Evans
		Scott C. Evans
		President and Principal Executive Officer

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: March 23, 2011	By:	/s/ Scott C. Evans
		Scott C. Evans
		President and Principal Executive Officer
		(principal executive officer)
Date: March 23, 2011	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