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: July 31, 2011

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Growth & Income Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 0.8%
	302,050		Johnson Controls, Inc	$	11,160,747
	123,681	*	Visteon Corp		7,754,799
			TOTAL AUTOMOBILES & COMPONENTS		18,915,546
BANKS - 3.8%
	985,229		Fifth Third Bancorp		12,463,147
	166,240	*	First Republic Bank		4,707,917
	515,655		US Bancorp		13,437,969
	1,625,989		Wells Fargo & Co		45,430,132
	426,394		Zions Bancorporation		9,338,029
			TOTAL BANKS		85,377,194
CAPITAL GOODS - 7.8%
	99,036		Ametek, Inc		4,209,030
	182,719		Caterpillar, Inc		18,050,810
	178,033		Dover Corp		10,765,656
	300,103		Eaton Corp		14,389,939
	397,980	*	FIAT Industrial S.p.A.		5,253,206
	395,698		Gamesa Corp Tecnologica S.A.		2,892,031
	1,651,434		General Electric Co		29,577,183
	233,927		Goodrich Corp		22,255,815
	452,238		Honeywell International, Inc		24,013,838
	123,602		KBR, Inc		4,406,411
	68,864		L-3 Communications Holdings, Inc		5,448,520
	172,057		Paccar, Inc		7,365,760
	76,280		Precision Castparts Corp		12,310,066
	153,237		Stanley Works		10,078,397
	237,918		Textron, Inc		5,503,043
			TOTAL CAPITAL GOODS		176,519,705
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	210,524		Edenred		6,062,002
	186,374	*	Stericycle, Inc		15,305,033
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		21,367,035
CONSUMER DURABLES & APPAREL - 2.2%
	112,769	*	Deckers Outdoor Corp		11,192,324
	695,576		DR Horton, Inc		8,263,443
	63,730	*	Fossil, Inc		8,008,949
	339,363		Jarden Corp		10,516,859
	216,473	*	Prada S.p.A		1,319,322
	128,295	*	Tempur-Pedic International, Inc		9,238,523
			TOTAL CONSUMER DURABLES & APPAREL		48,539,420

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.1%
	24,409	*	Chipotle Mexican Grill, Inc (Class A)	$	7,922,673
	210,048		Darden Restaurants, Inc		10,670,438
	99,304	*	Las Vegas Sands Corp		4,685,163
	443,848	*	Orient-Express Hotels Ltd (Class A)		4,389,657
	354,590		Starbucks Corp		14,215,513
	79,595		Weight Watchers International, Inc		6,143,938
			TOTAL CONSUMER SERVICES		48,027,382
DIVERSIFIED FINANCIALS - 6.3%
	224,368		American Express Co		11,227,375
	670,680		Blackstone Group LP		11,139,995
	848,579		Citigroup, Inc		32,534,519
	62,289		CME Group, Inc		18,013,356
	587,919		Discover Financial Services		15,056,605
	511,454		Invesco Ltd		11,344,050
	501,513		JPMorgan Chase & Co		20,286,201
	240,866		Lazard Ltd (Class A)		8,093,098
	578,516		Morgan Stanley		12,871,980
			TOTAL DIVERSIFIED FINANCIALS		140,567,179
ENERGY - 11.8%
	317,438		Anadarko Petroleum Corp		26,207,681
	205,229		Baker Hughes, Inc		15,880,620
	217,737		Cenovus Energy, Inc		8,350,214
	439,307		Chevron Corp		45,696,715
	69,855	*	Concho Resources, Inc		6,537,031
	116,367		ConocoPhillips		8,377,260
	526,316		El Paso Corp		10,815,794
	185,655		Ensco International plc (ADR)		9,886,129
	704,635		Exxon Mobil Corp		56,222,828
	476,192		Halliburton Co		26,061,988
	284,747		Marathon Oil Corp		8,818,615
	142,423	*	Marathon Petroleum Corp		6,236,703
	283,013		Occidental Petroleum Corp		27,786,216
	89,623		Saipem S.p.A.		4,670,296
	107,434		Suncor Energy, Inc (NY)		4,106,127
			TOTAL ENERGY		265,654,217
FOOD & STAPLES RETAILING - 1.2%
	39,371	*	Chefs’ Warehouse Holdings, Inc		698,835
	177,930		Costco Wholesale Corp		13,923,022
	186,638		Whole Foods Market, Inc		12,448,755
			TOTAL FOOD & STAPLES RETAILING		27,070,612
FOOD, BEVERAGE & TOBACCO - 7.1%
	694,685		Coca-Cola Co		47,245,527
	288,163		Coca-Cola Enterprises, Inc		8,100,262
	171,381		Corn Products International, Inc		8,721,579
	157,894		Groupe Danone		11,257,002
	158,881	*	Hansen Natural Corp		12,173,462

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	204,526		Hershey Co	$	11,543,448
	159,558		Lorillard, Inc		16,948,251
	559,900		Philip Morris International, Inc		39,848,083
	41,513		Remy Cointreau S.A.		3,704,505
			TOTAL FOOD, BEVERAGE & TOBACCO		159,542,119
HEALTH CARE EQUIPMENT & SERVICES - 3.7%
	395,651		Cardinal Health, Inc		17,313,688
	192,586	*	Cerner Corp		12,805,043
	84,156		Cooper Cos, Inc		6,437,092
	336,174	*	Coventry Health Care, Inc		10,757,568
	90,257	*	Edwards Lifesciences Corp		6,439,837
	101,841	*	Express Scripts, Inc		5,525,893
	425,808	*	Hologic, Inc		7,907,255
	209,056		Humana, Inc		15,591,396
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		82,777,772
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	155,419		Estee Lauder Cos (Class A)		16,305,007
	100,543		Herbalife Ltd		5,602,256
	472,910		Procter & Gamble Co		29,079,236
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		50,986,499
INSURANCE - 2.5%
	347,685		ACE Ltd		23,287,941
	378,682		Prudential Financial, Inc		22,221,060
	145,770		RenaissanceRe Holdings Ltd		10,144,134
			TOTAL INSURANCE		55,653,135
MATERIALS - 4.2%
	86,270		Agrium, Inc		7,538,273
	227,348		Barrick Gold Corp		10,814,944
	44,772		CF Industries Holdings, Inc		6,953,987
	250,137		Christian Hansen Holding		5,768,253
	277,797		Dow Chemical Co		9,686,781
	483,478		Du Pont (E.I.) de Nemours & Co		24,860,439
	82,407		Ecolab, Inc		4,120,350
	459,223		Huntsman Corp		8,771,159
	222,268		Monsanto Co		16,332,253
	200		Sherwin-Williams Co		15,434
			TOTAL MATERIALS		94,861,873
MEDIA - 3.5%
	161,412	*	AMC Networks, Inc		6,002,912
	377,114		CBS Corp (Class B)		10,321,610
	878,728		Comcast Corp (Class A)		21,107,047
	445,070		Viacom, Inc (Class B)		21,550,289
	486,721		Walt Disney Co		18,797,165
			TOTAL MEDIA		77,779,023

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.9%
	141,220		Allergan, Inc	$	11,482,598
	112,308	*	AVEO Pharmaceuticals, Inc		2,146,206
	317,149		Biovail Corp		17,452,709
	665,545		Bristol-Myers Squibb Co		19,074,520
	234,784	*	Gilead Sciences, Inc		9,945,450
	182,388		Johnson & Johnson		11,816,919
	60,294	*	Mettler-Toledo International, Inc		9,334,114
	616,696	*	Mylan Laboratories, Inc		14,048,335
	64,949		Novo Nordisk AS (Class B)		7,944,615
	2,387,269		Pfizer, Inc		45,931,057
	92,199	*	Pharmasset, Inc		11,191,115
	292,560		Shire Ltd		10,154,372
	98,541		UCB S.A.		4,532,185
	154,598	*	United Therapeutics Corp		8,870,833
	470,166		Warner Chilcott plc		9,882,889
	70,185	*	Waters Corp		6,168,560
	326,853	*	Watson Pharmaceuticals, Inc		21,941,642
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		221,918,119
RETAILING - 4.6%
	90,563	*	Amazon.com, Inc		20,152,079
	488,524		Foot Locker, Inc		10,615,627
	241,880	*	GameStop Corp (Class A)		5,703,530
	614,826		Home Depot, Inc		21,475,871
	49,344	*	HomeAway, Inc		1,939,713
	442,592		Macy’s, Inc		12,777,631
	18,169	*	NetFlix, Inc		4,832,772
	115,892		Target Corp		5,967,279
	103,759		Tiffany & Co		8,258,179
	100,217		Tractor Supply Co		6,606,305
	157,579		Williams-Sonoma, Inc		5,833,575
			TOTAL RETAILING		104,162,561
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.1%
	965,621		ARM Holdings plc		9,207,298
	225,902		Avago Technologies Ltd		7,597,084
	1,140,575		Intel Corp		25,469,040
	678,567	*	ON Semiconductor Corp		5,896,747
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		48,170,169
SOFTWARE & SERVICES - 8.0%
	119,083		Accenture plc		7,042,569
	263,797	*	Amdocs Ltd		8,317,519
	20,960	*	Baidu, Inc (ADR)		3,292,187
	184,341	*	BMC Software, Inc		7,967,218
	178,996	*	eBay, Inc		5,862,119
	236,146	*	Electronic Arts, Inc		5,254,249
	45,381	*	Google, Inc (Class A)		27,396,056
	80,392	*	IAC/InterActiveCorp		3,327,425
	106,967		International Business Machines Corp		19,451,949
	89,055	*	Micros Systems, Inc		4,361,023
	683,273		Microsoft Corp		18,721,680

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	889,939		Oracle Corp	$	27,214,335
	1,024,014	*	Symantec Corp		19,517,707
	190,273	*	Teradata Corp		10,457,404
	139,147	*	VeriFone Systems, Inc		5,478,217
	53,406	*	VMware, Inc (Class A)		5,358,758
			TOTAL SOFTWARE & SERVICES		179,020,415
TECHNOLOGY HARDWARE & EQUIPMENT - 7.4%
	218,467	*	Apple, Inc		85,306,994
	683,717		Cisco Systems, Inc		10,918,960
	375,712	*	EMC Corp		9,798,569
	223,091		Hewlett-Packard Co		7,843,880
	843,545	*	JDS Uniphase Corp		11,092,617
	283,970	*	Polycom, Inc		7,675,709
	608,115		Qualcomm, Inc		33,312,540
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		165,949,269
TELECOMMUNICATION SERVICES - 2.9%
	230,660	*	American Tower Corp (Class A)		12,116,570
	396,936		CenturyTel, Inc		14,730,295
	1,788,532	*	Level 3 Communications, Inc		3,899,000
	188,341	*	MetroPCS Communications, Inc		3,066,191
	853,243		Verizon Communications, Inc		30,110,945
			TOTAL TELECOMMUNICATION SERVICES		63,923,001
TRANSPORTATION - 2.5%
	172,415		Con-Way, Inc		6,313,837
	1,286,543	*	JetBlue Airways Corp		6,162,541
	258,836	*	Kansas City Southern Industries, Inc		15,361,917
	373,972		United Parcel Service, Inc (Class B)		25,886,342
			TOTAL TRANSPORTATION		53,724,637
UTILITIES - 1.5%
	117,580		Edison International		4,476,271
	155,927		Exelon Corp		6,871,703
	867		FirstEnergy Corp		38,712
	83,719		ITC Holdings Corp		5,882,097
	335,524		NiSource, Inc		6,754,098
	650,923		NV Energy, Inc		9,659,696
			TOTAL UTILITIES		33,682,577
			TOTAL COMMON STOCKS		2,224,189,459
			(Cost $1,953,103,010)
			TOTAL INVESTMENTS - 99.2%		2,224,189,459
			(Cost $1,953,103,010)
			OTHER ASSETS & LIABILITIES, NET - 0.8%		17,610,706
			NET ASSETS - 100.0%	$	2,241,800,165
			Abbreviation(s):
			ADR     American Depositary Receipt
		*	Non-income producing.

5

TIAA-CREF FUNDS - International Equity Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
CHINA - 3.7%
	115,003,000		Agricultural Bank of China	$	62,380,755
	449,032		Asian Citrus Holdings Ltd		389,280
	19,571,686		Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		38,488,563
			TOTAL CHINA		101,258,598
FRANCE - 1.7%
	531,208		BNP Paribas		34,450,866
	298,082		Peugeot S.A.		11,299,505
	9,104		Societe Generale		450,644
			TOTAL FRANCE		46,201,015
GERMANY - 25.8%
	2,636,341		Bayer AG.		210,907,788
	2,092,218		Henkel KGaA (Preference)		141,051,908
	2,425,709		Lanxess AG.		194,702,915
	256,100		Merck KGaA		27,332,481
	526,303		Rheinmetall AG.		44,051,777
	1,491,427		ThyssenKrupp AG.		65,939,603
			TOTAL GERMANY		683,986,472
HONG KONG - 0.5%
	11,428,000		Trinity Ltd		12,672,063
			TOTAL HONG KONG		12,672,063
INDIA - 4.1%
	9,684,055		HDFC Bank Ltd		106,635,180
			TOTAL INDIA		106,635,180
IRELAND - 0.5%
	1,314,564	*	Smurfit Kappa Group plc		13,533,940
			TOTAL IRELAND		13,533,940
ITALY - 0.7%
	375,817		Saipem S.p.A.		19,583,998
			TOTAL ITALY		19,583,998
JAPAN - 15.6%
	988,900		Aeon Credit Service Co Ltd		13,886,525
	43,300		Canon, Inc		2,087,556
	17,000		Daikin Industries Ltd		603,068
	30,908		Denso Corp		1,098,343
	11,550	*	Fanuc Ltd		2,184,937

6

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
	6,716,000		Hitachi Ltd	$	41,413,904
	1,200,400		JTEKT Corp		17,597,434
	87,697		Kao Corp		2,480,001
	65,030		Komatsu Ltd		2,030,131
	81,407		Mitsubishi Corp		2,177,323
	632,984		Mitsubishi Electric Corp		7,474,298
	3,516,000		Mitsubishi Heavy Industries Ltd		16,387,321
	3,133,047		Mitsubishi UFJ Financial Group, Inc		15,909,214
	158,720		Mitsubishi UFJ Lease & Finance Co Ltd		6,859,784
	65,000		Mitsui Trust Holdings, Inc		239,442
	147,847	*	Nomura Holdings, Inc		717,755
	3,076,000		NTN Corp		18,574,696
	65,205	*	ORIX Corp		7,033,826
	1,678,700		Shin-Etsu Chemical Co Ltd		90,551,820
	58,750	*	Sony Corp		1,473,588
	185,150		Sumitomo Corp		2,609,355
	36,000		Sumitomo Metal Mining Co Ltd		637,468
	24,000		Suruga Bank Ltd		208,323
	14,766,000		Teijin Ltd		65,969,887
	120,100		United Arrows Ltd		2,433,755
	1,619,800		Ushio, Inc		30,465,934
	779,250		Yamada Denki Co Ltd		62,390,617
			TOTAL JAPAN		415,496,305
MACAU - 5.8%
	50,813,391	*	Sands China Ltd		152,936,105
			TOTAL MACAU		152,936,105
NETHERLANDS - 0.1%
	46,405		Royal Dutch Shell plc (A Shares)		1,699,795
			TOTAL NETHERLANDS		1,699,795
SWEDEN - 5.6%
	1,946,620		Assa Abloy AB (Class B)		49,978,109
	3,741,202		SKF AB (B Shares)		98,405,691
			TOTAL SWEDEN		148,383,800
SWITZERLAND - 14.4%
	1,876,771		Adecco S.A.		112,779,348
	20,528		Bellevue Group AG.		363,324
	111,155		Burckhardt Compression Holding AG.		31,788,050
	4,049,717	*	Clariant AG.		63,676,591
	51,026		Givaudan S.A.		55,872,286
	859,428	a	Tecan Group AG.		72,533,538
	2,825,339	*	UBS AG. (Switzerland)		46,642,217
			TOTAL SWITZERLAND		383,655,354
TAIWAN - 2.1%
	8,245,000		Formosa Plastics Corp		31,045,957
	785,400		High Tech Computer Corp		23,363,656
			TOTAL TAIWAN		54,409,613

7

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
UNITED KINGDOM - 18.8%
	12,296,199		ICAP plc	$	89,969,254
	13,790,456		Man Group plc		50,182,843
	898,133		Pearson plc		17,234,436
	3,474,329		Reckitt Benckiser Group plc		196,598,671
	101,339		Rio Tinto plc		7,153,394
	6,629,078		Smiths Group plc		123,205,822
	831,018		Tullow Oil plc		16,695,059
			TOTAL UNITED KINGDOM		501,039,479
			TOTAL COMMON STOCKS		2,641,491,717
			(Cost $2,420,725,038)
			TOTAL INVESTMENTS - 99.4%		2,641,491,717
			(Cost $2,420,725,038)
			OTHER ASSETS & LIABILITIES, NET - 0.6%		14,851,086
			NET ASSETS - 100.0%	$	2,656,342,803
		*	Non-income producing.
		a	Affiliated holding.

8

TIAA-CREF FUNDS - International Equity Fund

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

SECTOR	VALUE		% OF NET ASSETS
INDUSTRIALS	$	598,801,857		22.5	%
MATERIALS		589,083,861		22.2
FINANCIALS		435,929,952		16.4
CONSUMER STAPLES		340,519,860		12.8
HEALTH CARE		310,773,807		11.7
CONSUMER DISCRETIONARY		261,538,412		9.9
INFORMATION TECHNOLOGY		66,865,116		2.5
ENERGY		37,978,852		1.4
OTHER ASSETS & LIABILITIES, NET		14,851,086		0.6
NET ASSETS	$	2,656,342,803		100.0	%

9

TIAA-CREF FUNDS - Emerging Markets Equity Fund

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

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
CORPORATE BONDS - 0.0%
INDIA - 0.0%
	$ 312,300	Dr Reddy’s Laboratories Ltd	9.250	%	03/24/14	$	353
		TOTAL INDIA					353
		TOTAL CORPORATE BONDS					353
		(Cost $396)

SHARES			COMPANY
COMMON STOCKS - 98.9%
ARGENTINA - 0.1%
	10,644		Banco Macro S.A. (ADR) (Class B)	368,921
			TOTAL ARGENTINA	368,921
AUSTRALIA - 1.3%
	59,731	*	Aston Resources Pty Ltd	709,236
	1,314,081	*	Cockatoo Coal Ltd	641,850
	404,443	*	Dart Energy Ltd	299,419
	35,174		Iluka Resources Ltd	685,702
	53,761	*	Karoon Gas Australia Ltd	260,048
	29,113		Kingsgate Consolidated Ltd	283,566
	182,360	*	Lynas Corp Ltd	427,717
	12,639		Newcrest Mining Ltd	551,150
	83,755	*	Pan Australian Resources Ltd	376,900
	38,725	*	Sandfire Resources NL	331,777
	77,953		Whitehaven Coal Ltd	563,443
			TOTAL AUSTRALIA	5,130,808
BRAZIL - 13.6%
	69,400		Aliansce Shopping Centers S.A.	601,435
	33,800		Amil Participacoes S.A.	385,763
	159,624		Banco Bradesco S.A. (Preference)	3,036,340
	80,400		Banco do Brasil S.A.	1,362,940
	187,900		Banco Itau Holding Financeira S.A.	3,809,251
	114,200		BM&FBOVESPA S.A.	667,888
	135,900		BR Malls Participacoes S.A.	1,582,586
	27,848		BR Properties S.A.	309,213
	38,800		Braskem S.A.	460,091
	57,300		Brazil Insurance Participco	731,190
	81,000	*	Brazil Pharma S.A.	798,588
	33,100		Cia de Concessoes Rodoviarias	996,511
	32,600		Cia Energetica de Minas Gerais	623,265
	32,200		Cia Hering	690,156

10

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	26,600		Cosan SA Industria e Comercio	$	408,215
	30,100		Diagnosticos da America S.A.		373,618
	53,200		Drogasil S.A.		428,797
	57,700		EcoRodovias Infraestrutura e Logistica S.A.		485,531
	75,100		Empresa Brasileira de Aeronautica S.A.		542,845
	25,500		Fleury S.A.		350,227
	55,100		Gol Linhas Aereas Inteligentes S.A.		426,346
	39,400		Localiza Rent A Car		638,692
	60,109		Lojas Americanas S.A.		548,437
	23,900		Lojas Renner S.A.		859,004
	83,200	*	Magazine Luiza S.A.		740,342
	57,700		Mills Estruturas e Servicos de		781,313
	22,500		Multiplan Empreendimentos Imobiliarios S.A.		486,024
	18,900		Multiplus S.A.		327,583
	184,800	*	OGX Petroleo e Gas Participacoes S.A.		1,539,553
	204,800		PDG Realty S.A.		1,082,864
	668,845		Petroleo Brasileiro S.A.		11,234,750
	25,200		Porto Seguro S.A.		352,607
	655,000		PT International Nickel Indonesia Tbk		326,321
	39,907		QGEP Participacoes S.A.		455,462
	24,900		Redecard S.A.		428,687
	23,300		Santos Brasil Participacoes S.A.		404,146
	69,660		Satipel Industrial S.A.		518,795
	75,100		Souza Cruz S.A.		895,864
	86,987	*	T4F Entretenimento S.A.		813,303
	15,300		Tam S.A. (Preference)		293,994
	39,100		Tele Norte Leste Participacoes S.A. (Preference)		541,805
	13,000		Telecomunicacoes de Sao Paulo S.A.		409,066
	139,436		Tim Participacoes S.A.		687,807
	23,200		Totvus S.A.		415,726
	23,700		Ultrapar Participacoes S.A.		423,310
	287,500		Vale S.A.		9,302,480
			TOTAL BRAZIL		53,578,731
CAMBODIA - 0.1%
	1,366,000		NagaCorp Ltd		334,192
			TOTAL CAMBODIA		334,192
CANADA - 0.1%
	14,917		Petrominerales Ltd		475,870
			TOTAL CANADA		475,870
CHILE - 1.0%
	150,700		Centros Comerciales Sudamericanos S.A.		994,455
	328,974		Empresa Nacional de Electricidad S.A.		589,629
	29,019		Lan Airlines S.A.		763,691
	97,975		Parque Arauco S.A		203,445
	43,340		SACI Falabella		418,717
	16,239		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,052,430
			TOTAL CHILE		4,022,367

11

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
CHINA - 14.7%
	1,841,000		Agricultural Bank of China	$	998,608
	880,000		Air China Ltd		930,885
	318,000		Ajisen China Holdings Ltd		625,607
	317,500		Anhui Conch Cement Co Ltd		1,481,327
	10,380	*	Baidu, Inc (ADR)		1,630,387
	3,964,000		Bank of China Ltd		1,824,526
	679,800		Bank of Communications Co Ltd		592,570
	656,000	*	Brilliance China Automotive Holdings Ltd		834,497
	616,880		Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		1,213,121
	918,000		China BlueChemical Ltd		714,174
	4,052,090		China Construction Bank		3,260,702
	148,143		China Merchants Holdings International Co Ltd		525,885
	603,000		China Mobile Hong Kong Ltd		5,999,155
	598,000		China National Building Material Co Ltd		1,198,285
	408,000		China Oilfield Services Ltd		713,642
	162,000		China Resources Enterprise		702,345
	408,000		China Resources Gas Group Ltd		602,824
	567,000		China Shanshui Cement Group Ltd		687,668
	507,500		China Shenhua Energy Co Ltd		2,544,657
	336,000		China Yurun Food Group Ltd		1,054,574
	1,001,000		Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd		413,364
	1,923,000		CNOOC Ltd		4,280,621
	842,000		Country Garden Holdings Co Ltd		431,212
	4,420	*	Ctrip.com International Ltd (ADR)		203,762
	464,000		Dongfeng Motor Group Co Ltd		917,234
	587,000		Evergrande Real Estate Group		440,231
	402,000		First Tractor Co		518,946
	25,075	*	Focus Media Holding Ltd (ADR)		824,717
	1,757,000		GCL Poly Energy Holdings Ltd		989,134
	228,000		Golden Eagle Retail Group Ltd		562,145
	351,250		Great Wall Motor Co Ltd		530,207
	372,000		Guangzhou Automobile Group Co Ltd		448,267
	816,000		Harbin Power Equipment		1,075,537
	6,693,000		Industrial & Commercial Bank of China		5,082,995
	467,000		Intime Department Store Group Co Ltd		781,849
	228,500		iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker		367,066
	438,500		KWG Property Holding Ltd		305,830
	1,306,000		Lenovo Group Ltd		828,826
	28,694	*	Melco PBL Entertainment Macau Ltd (ADR)		434,140
	716,000		Shandong Weigao Group Medical Polymer Co Ltd		980,488
	9,058	*	Sina Corp		979,079
	229,000	*,m	Sun Art Retail Group Ltd		294,413
	124,500		Tencent Holdings Ltd		3,232,096
	352,000		Vinda International Holdings Ltd		430,378
	1,068,000		West China Cement Ltd		343,234
	153,000	*	Wumart Stores, Inc		383,101
	18,648	*	WuXi PharmaTech Cayman, Inc (ADR)		290,536
	198,000		Xinao Gas Holdings Ltd		668,235
	609,000		Xingda International Holdings Ltd		430,845
	328,000		Yanzhou Coal Mining Co Ltd		1,256,537
	2,100,000		Zijin Mining Group Co Ltd		1,135,167
			TOTAL CHINA		57,995,631

12

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
COLOMBIA - 1.0%
	24,707		Almacenes Exito S.A.	$	330,733
	27,659		BanColombia S.A.		451,144
	9,874,637		Bolsa de Valores de Colombia		223,824
	92,484		Cementos Argos S.A.		573,230
	664,179		Ecopetrol S.A.		1,395,263
	14,200		Inversiones Argos S.A.		145,518
	11,530		Pacific Rubiales Energy Corp		333,977
	18,333		Suramericana de Inversiones S.A.		371,207
			TOTAL COLOMBIA		3,824,896
CZECH REPUBLIC - 0.1%
	6,000		CEZ AS		310,517
			TOTAL CZECH REPUBLIC		310,517
EGYPT - 0.2%
	65,615		Commercial International Bank		299,221
	12,605		Orascom Construction Industries		546,097
			TOTAL EGYPT		845,318
HONG KONG - 3.7%
	224,400	*	AIA Group Ltd		824,220
	640,000		AMVIG Holdings Ltd		393,294
	680,000		Belle International Holdings Ltd		1,484,262
	366,500		Boer Power Holdings Ltd		193,708
	592,000		China Resources Cement Holdings Ltd		567,811
	137,000		Chow Sang Sang Holding		517,691
	475,500		Dickson Concepts International Ltd		359,564
	350,000	*	Galaxy Entertainment Group Ltd		904,965
	1,422,000	*	Genting Hong Kong Ltd		617,562
	2,783,000		GOME Electrical Appliances Holdings Ltd		1,312,984
	44,000		Kingboard Chemical Holdings Ltd		208,968
	382,000		Lee & Man Holding Ltd		443,251
	550,000		Melco International Development		679,333
	207,600	*	MGM China Holdings Ltd		463,479
	461,500	*	Mongolian Mining Corp		566,062
	658,000		Noble Group Ltd		1,020,351
	252,000		Prime Success International Group Ltd		270,273
	914,000		SA SA International Holdings Ltd		724,019
	394,500	*	Sateri Holdings Ltd		191,836
	122,000		Shangri-La Asia Ltd		314,210
	548,000		Shun TAK Holdings Ltd		360,530
	1,876,000		Singamas Container Holdings Ltd		648,653
	544,000		Sino Biopharmaceutical		190,011
	360,000		SJM Holdings Ltd		905,326
	326,000		Trinity Ltd		361,489
			TOTAL HONG KONG		14,523,852

13

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
HUNGARY - 0.3%
	38,456		OTP Bank	$	1,109,455
			TOTAL HUNGARY		1,109,455
INDIA - 6.4%
	13,427		Aditya Birla Nuvo Ltd		289,612
	104,675		Amtek Auto Ltd		376,305
	81,280		Bharti Airtel Ltd		803,144
	21,264		Cadila Healthcare Ltd		425,300
	48,996		Coal India Ltd		430,475
	53,931		Coromandel International Ltd		399,570
	153,010	*	DEN Networks Ltd		276,101
	73,156		Dhanalakshmi Bank Ltd		174,261
	113,764		DLF Ltd		593,314
	12,074		Dr Reddy’s Laboratories Ltd		434,130
	48,059		Engineers India Ltd		311,269
	98,040		Escorts Ltd		217,961
	209,990		Exide Industries Ltd		738,720
	39,720		Federal Bank Ltd		383,183
	41,153		GAIL India Ltd		429,396
	6,130		Grasim Industries Ltd		304,668
	124,140	*	Hathway Cables and Datacom Pvt Ltd		309,935
	50,281		HCL Technologies Ltd		551,877
	152,715		HDFC Bank Ltd		1,681,609
	95,057		Housing Development Finance Corp		1,479,258
	91,744		ICICI Bank Ltd		2,145,806
	38,701		Infosys Technologies Ltd		2,425,987
	364,951		ITC Ltd		1,717,380
	32,653		Larsen & Toubro Ltd		1,272,952
	21,806		Maruti Udyog Ltd		593,894
	38,635		Motherson Sumi Systems Ltd		199,589
	48,004		Opto Circuits India Ltd		312,512
	55,455		Pantaloon Retail India Ltd		420,127
	51,288		Phoenix Mills Ltd		246,168
	57,639		Prestige Estates Projects Ltd		172,043
	40,557		Reliance Industries Ltd		758,488
	33,746		Shopper’s Stop Ltd		299,719
	65,177		Sintex Industries Ltd		259,036
	50,373		Sobha Developers Ltd		295,752
	81,352		Sun Pharmaceuticals Industries Ltd		951,325
	56,577		Tata Consultancy Services Ltd		1,455,631
	19,516		UTI Bank Ltd		589,593
	164,411		ZEE Telefilms Ltd		488,862
			TOTAL INDIA		25,214,952
INDONESIA - 3.3%
	1,412,500		Bank Rakyat Indonesia		1,143,364
	297,000		PT Astra International Tbk		2,460,132
	810,000		PT Bank Central Asia Tbk		788,924
	1,361,858		PT Bank Mandiri Persero Tbk		1,254,566
	1,091,793		PT Bank Negara Indonesia		570,213
	566,500		PT Excelcomindo Pratama		382,413
	120,500		PT Gudang Garam Tbk		720,323

14

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	961,500		PT Harum Energy Indonesia Tbk	$	1,094,068
	133,000		PT Indo Tambangraya Megah		787,977
	313,500		PT Indocement Tunggal Prakarsa Tbk		569,119
	667,000		PT Indofood Sukses Makmur Tbk		496,875
	917,500		PT Jasa Marga Tbk		428,125
	4,918,875		PT Lippo Karawaci Tbk		450,169
	154,000		PT Tambang Batubara Bukit Asam Tbk		385,307
	260,000		PT United Tractors Tbk		833,978
	205,000		Straits Asia Resources Ltd		513,910
			TOTAL INDONESIA		12,879,463
KOREA, REPUBLIC OF - 15.4%
	8,261		Cheil Industries, Inc		943,628
	4,055		Daum Communications		507,713
	3,969		Dongbu Insurance Co Ltd		196,948
	16,770		Dongkuk Steel Mill Co Ltd		630,982
	5,543		Doosan Corp		776,927
	37,500	*	Doosan Infracore Co Ltd		934,079
	32,982	*	Duksan Hi-Metal Co Ltd		904,697
	3,135	*	E-Mart Co Ltd		817,723
	3,601		GS Engineering & Construction Corp		406,614
	7,224		GS Holdings Corp		619,071
	28,410		Hana Financial Group, Inc		1,114,283
	13,967		Hanwha Chemical Corp		615,874
	2,456		Honam Petrochemical Corp		1,006,188
	67,530		Hynix Semiconductor, Inc		1,556,753
	2,020		Hyundai Department Store Co Ltd		352,340
	8,370		Hyundai Engineering & Construction Co Ltd		685,949
	4,280		Hyundai Heavy Industries		1,654,674
	4,691		Hyundai Home Shopping Network Corp		660,345
	12,720		Hyundai Marine & Fire Insurance Co Ltd		407,407
	7,627		Hyundai Mobis		2,745,716
	19,473		Hyundai Motor Co		4,335,250
	9,489		Hyundai Steel Co		1,169,545
	20,560		Industrial Bank of Korea		353,419
	33,906		KB Financial Group, Inc		1,686,596
	2,114		KCC Corp		701,889
	34,685		Kia Motors Corp		2,542,848
	6,371		KIWOOM Securities Co Ltd		353,481
	10,630		Korea Investment Holdings Co Ltd		420,393
	11,605		Korean Air Lines Co Ltd		740,552
	6,151		LG Chem Ltd		2,742,910
	14,673		LG Corp		1,096,794
	2,576		LG Household & Health Care Ltd		1,165,467
	310		Lotte Confectionery Co Ltd		529,248
	4,134		Mando Corp		816,445
	4,999		NCsoft		1,538,268
	6,819	*	Neowiz Games Corp		403,013
	4,258	*	NHN Corp		847,635
	2,286		POSCO		1,009,667
	12,375		Samsung Card Co		704,065
	17,133		Samsung Corp		1,362,672

15

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	11,787		Samsung Electronics Co Ltd	$	9,438,587
	3,725		Samsung Engineering Co Ltd		918,065
	4,289		Samsung Fire & Marine Insurance Co Ltd		970,206
	29,670		Samsung Heavy Industries Co Ltd		1,207,105
	7,196		Samsung Securities Co Ltd		542,245
	27,538		Seoul Semiconductor Co Ltd		830,262
	50,366		Shinhan Financial Group Co Ltd		2,412,653
	894		Shinsegae Co Ltd		278,130
	2,529		SK Corp		435,387
	5,746		SK Energy Co Ltd		1,184,621
			TOTAL KOREA, REPUBLIC OF		60,275,329
LUXEMBOURG - 0.4%
	205,750	*	L’ Occitane International S.A.		565,895
	28,658		Ternium S.A. (ADR)		830,796
			TOTAL LUXEMBOURG		1,396,691
MACAU - 0.3%
	371,200	*	Sands China Ltd		1,117,223
			TOTAL MACAU		1,117,223
MALAYSIA - 2.9%
	844,800		AirAsia BHD		1,117,491
	211,300		AMMB Holdings BHD		461,834
	535,400		Bumiputra-Commerce Holdings BHD		1,490,137
	49,900		Digi.Com BHD		506,902
	310,000		Gamuda BHD		385,519
	290,300		Genting BHD		1,056,828
	48,800		Hong Leong Credit BHD		215,325
	272,426		IGB Corp BHD		192,683
	265,100		IJM Corp BHD		562,712
	187,100		JobStreet Corp BHD		182,183
	132,700		KrisAssets Holdings BHD		183,759
	79,800		Kuala Lumpur Kepong BHD		584,193
	125,400		Lafarge Malayan Cement BHD		311,810
	96,300		Malaysia Airports Holdings BHD		210,575
	364,300		Malaysian Resources Corp BHD		312,177
	192,800	*	Petronas Chemicals Group BHD		444,704
	133,500		Public Bank BHD (Foreign)		603,602
	266,300		Resorts World BHD		327,088
	147,500		RHB Capital BHD		452,540
	402,800		SP Setia BHD		529,103
	619,100		TM International BHD		1,062,923
	184,800		WCT Berhad		190,947
			TOTAL MALAYSIA		11,385,035
MEXICO - 3.6%
	59,000		Alfa S.A. de C.V. (Class A)		867,409
	4,177,600		America Movil S.A. de C.V. (Series L)		5,381,587
	276,500		Compartamos SAB de C.V.		497,296
	137,200	*	Empresas ICA Sociedad Controladora S.A. de C.V.		278,905
	265,700		Fomento Economico Mexicano S.A. de C.V.		1,919,864

16

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	350,880		Grupo Financiero Banorte S.A. de C.V.	$	1,533,286
	42,600		Grupo Modelo S.A. (Series C)		262,809
	20,595		Industrias Penoles S.A. de C.V.		888,193
	174,600		Mexichem SAB de C.V.		753,303
	18,586	*	NII Holdings, Inc (Class B)		787,117
	209,500	*	Urbi Desarrollos Urbanos S.A. de C.V		461,399
	249,000		Wal-Mart de Mexico S.A. de C.V. (Series V)		686,923
			TOTAL MEXICO		14,318,091
NETHERLANDS - 0.2%
	19,840		ING Vysya Bank Ltd		157,363
	15,424	*	Yandex NV		539,377
			TOTAL NETHERLANDS		696,740
PERU - 0.9%
	152,579		Alicorp S.A.		332,663
	34,519	m	Bolsa de Valores de Lima S.A.		128,586
	168,019		Cementos Lima S.A.		165,675
	27,668		Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,132,728
	10,489		Credicorp Ltd (NY)		1,024,775
	296,605		Ferreyros S.A.		303,299
	119,466		Grana y Montero S.A.		263,958
	8,044	f	Intergroup Financial Services Corp (purchased 8/31/10, cost $210,890)		215,338
			TOTAL PERU		3,567,022
PHILIPPINES - 2.0%
	430,600		Aboitiz Power Corp		331,932
	2,550,200		Alliance Global Group, Inc		700,814
	1,078,300		Ayala Land, Inc		430,861
	342,640		Banco de Oro Universal Bank		519,936
	155,350		Cebu Air, Inc		310,803
	259,000		DMCI Holdings, Inc		276,611
	426,150		International Container Term Services, Inc		551,539
	312,300		JG Summit Holdings (Series B)		192,971
	7,822,000		Metro Pacific Investments Corp		669,059
	480,389		Metropolitan Bank & Trust		876,764
	640,000		Nickel Asia Corp		312,796
	741,000		Philex Mining Corp		451,486
	8,200		Philippine Long Distance Telephone Co		465,106
	51,380		Philippine Stock Exchange, Inc		305,329
	701,500		Robinsons Land Corp		221,072
	1,215,562		SM Development Corp		232,086
	22,460		SM Investments Corp		289,466
	1,535,500		SM Prime Holdings		420,425
	429,100		Universal Robina		481,643
			TOTAL PHILIPPINES		8,040,699
POLAND - 1.4%
	10,899		Bank Pekao S.A.		623,009
	49,055	*	Getin Holding S.A.		199,358
	17,489		KGHM Polska Miedz S.A.		1,196,979
	10,198	*	Orbis S.A.		128,034

17

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	195,604		Polish Oil & Gas Co	$	298,074
	54,166		Powszechna Kasa Oszczednosci Bank Polski S.A.		798,338
	9,816		Powszechny Zaklad Ubezpieczen S.A.		1,334,837
	109,864		Telekomunikacja Polska S.A.		687,670
	11,174		Warsaw Stock Exchange		195,730
			TOTAL POLAND		5,462,029
PORTUGAL - 0.1%
	21,685		Jeronimo Martins SGPS S.A.		424,307
			TOTAL PORTUGAL		424,307
RUSSIA - 6.4%
	23,155	f	Eurasia Drilling Co Ltd (GDR) (purchased 10/6/10, cost $664,934)		683,073
	12,049	*,f	Evraz Group S.A. (GDR) (purchased 12/6/10, cost $430,171)		401,230
	307,728		Gazprom (ADR)		4,403,483
	18,370	f	Globaltrans Investment plc (GDR) (purchased 8/31/10, cost $296,698)		333,920
	56,448	f	LSR Group OJSC (GDR) (purchased 12/6/10, cost $538,504)		426,182
	39,649		LUKOIL (ADR)		2,636,592
	31,131	f	Magnit OAO (GDR) (purchased 8/31/10, cost $830,251)		955,261
	15,739	*,f	Mail.ru (GDR) (purchased 6/16/11, cost $555,423)		559,673
	69,429		MMC Norilsk Nickel (ADR)		1,850,017
	45,091	*,f	NOMOS-BANK (GDR) (purchased 4/19/11, cost $789,222)		831,929
	22,408	f	NovaTek OAO (GDR) (purchased 8/31/10, cost $2,649,057)		3,476,971
	16,945	*,f	Pharmstandard (GDR) (purchased 8/31/10, cost $431,088)		392,393
	52,851	*	Polyus Gold Co (GDR)		190,264
	226,398	f	Rosneft Oil Co (GDR) (purchased 8/31/10, cost $1,716,076)		1,921,347
	39,981	*	Sberbank of Russia (ADR)		597,716
	171,496		Sberbank of Russian Federation (ADR)		2,532,996
	16,579	f	Severstal (GDR) (purchased 10/4/10, cost $273,111)		320,352
	16,620		Tatneft (GDR)		695,215
	18,307	f	Uralkali (GDR) (purchased 11/9/11, cost $686,625)		895,836
	24,870	*,f	X 5 Retail Group NV (GDR) (purchsed 8/31/10, cost $965,276)		1,033,761
			TOTAL RUSSIA		25,138,211
SINGAPORE - 0.7%
	1,851,000		GMG Global Ltd		407,773
	10,000		Jardine Cycle & Carriage Ltd		401,253
	409,000	*	Mewah International, Inc		269,183
	266,000		Petra Foods Ltd		448,451
	173,000		SembCorp Marine Ltd		773,529
	129,000		Wilmar International Ltd		631,084
			TOTAL SINGAPORE		2,931,273
SOUTH AFRICA - 5.3%
	4,032		Anglo Platinum Ltd		344,622
	44,458		AngloGold Ashanti Ltd		1,864,443
	25,502		Bidvest Group Ltd		598,465
	7,125		Capitec Bank Holdings Ltd		193,184
	68,080		Clicks Group Ltd		406,671
	42,898		Foschini Ltd		564,164
	73,265		Gold Reef Resorts Ltd		175,516
	219,030		Growthpoint Properties Ltd		603,028

18

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	41,779		Impala Platinum Holdings Ltd	$	1,066,968
	19,186		Imperial Holdings Ltd		329,598
	13,009		Kumba Iron Ore Ltd		990,416
	75,392		Mr Price Group Ltd		830,661
	176,054		MTN Group Ltd		3,808,640
	43,821		Naspers Ltd (N Shares)		2,345,222
	124,525		Sanlam Ltd		502,548
	61,136		Sasol Ltd		3,066,599
	43,115		Standard Bank Group Ltd		626,955
	14,760		Tiger Brands Ltd		449,329
	43,499		Truworths International Ltd		471,114
	81,177		Vodacom Group Pty Ltd		1,033,206
	94,853		Woolworths Holdings Ltd		447,291
			TOTAL SOUTH AFRICA		20,718,640
SWITZERLAND - 0.0%
	8,821	*	Green Dragon Gas Ltd		89,092
			TOTAL SWITZERLAND		89,092
TAIWAN - 8.2%
	65,880		Asustek Computer, Inc		530,183
	186,000		Catcher Technology Co Ltd		1,624,463
	327,420		Cathay Financial Holding Co Ltd		490,905
	205,000		Cheng Uei Precision Industry Co Ltd		619,151
	1,236,000		Chinatrust Financial Holding Co		1,116,154
	377,400		Chunghwa Telecom Co Ltd		1,308,043
	736,000		E.Sun Financial Holding Co Ltd		509,389
	369,000		Far Eastern Department Stores Co Ltd		804,128
	522,000		Far Eastern Textile Co Ltd		837,505
	558,000		Far EasTone Telecommunications Co Ltd		922,708
	461,100		First Financial Holding Co Ltd		382,382
	311,000		Formosa Chemicals & Fibre Corp		1,126,748
	9,000		Formosa International Hotels Corp		151,056
	554,000		Formosa Plastics Corp		2,086,047
	434,000		Fubon Financial Holding Co Ltd		708,035
	714,000		Fuhwa Financial Holdings Co Ltd		510,479
	103,650		High Tech Computer Corp		3,083,324
	922,900		Hon Hai Precision Industry Co, Ltd		2,631,974
	173,850		Huaku Development Co Ltd		517,774
	30,000		Largan Precision Co Ltd		1,010,192
	1,129,000		Mega Financial Holding Co Ltd		1,086,893
	453,000		Nan Ya Plastics Corp		1,253,177
	208,000		Polaris Securities Co Ltd		155,807
	194,000		Prime View International Co Ltd		402,806
	1,063,336	*	Shin Kong Financial Holding Co Ltd		459,404
	287,000		Synnex Technology International Corp		736,776
	656,980		Taishin Financial Holdings Co Ltd		350,913
	570,000		Taiwan Cement Corp		901,846
	186,000		Taiwan Fertilizer Co Ltd		664,652
	1,240,000		Taiwan Semiconductor Manufacturing Co Ltd		3,081,585
	42,000	*	TPK Holding Co Ltd		1,240,317
	601,000		Uni-President Enterprises Corp		986,322
			TOTAL TAIWAN		32,291,138

19

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
THAILAND - 2.5%
	169,100		Advanced Info Service PCL	$	653,878
	1,020,000		Amata Corp PCL (Foreign)		531,523
	220,360		Asian Property Development PCL - NVDR		44,551
	1,112,960		Asian Property Development PCL (Foreign)		225,010
	87,100		Bangkok Bank PCL (Foreign)		514,841
	583,400		Bank of Ayudhya PCL - NVDR		536,191
	15,050		Banpu PCL		367,386
	345,600		BEC World PCL (Foreign)		475,340
	661,800		Charoen Pokphand Foods Public Co Ltd		702,511
	128,100		CP Seven Eleven PCL		212,117
	128,000		Kasikornbank PCL - NVDR		602,797
	66,100		Kasikornbank PCL (Foreign)		313,740
	115,400		Krung Thai Bank PCL		80,319
	540,900		Minor International PCL (Foreign)		233,952
	407,100		Preuksa Real Estate PCL (Foreign)		280,502
	141,400		PTT Exploration & Production PCL		869,405
	94,500		PTT PCL		1,095,229
	4,269,000		Quality House PCL		269,887
	31,000		Siam Cement PCL (Foreign)		455,325
	179,400		Siam Commercial Bank PCL		758,356
	381,200		Thai Airways International PCL		361,593
	185,500		Tisco Bank PCL		248,045
			TOTAL THAILAND		9,832,498
TURKEY - 1.2%
	10,391		BIM Birlesik Magazalar AS		353,676
	104,716	*	Boyner Buyuk Magazacilik		246,760
	22,648		Coca-Cola Icecek AS		325,774
	200,864		Emlak Konut Gayrimenkul Yatiri		305,530
	90,628		KOC Holding AS		378,210
	302,894		Sinpas Gayrimenkul Yatirim Ortakligi AS		346,375
	89,825	*	TAV Havalimanlari Holding AS		437,444
	22,075		Tofas Turk Otomobil Fabrik		91,065
	11,706		Tupras Turkiye Petrol Rafine		284,143
	133,893	*	Turk Hava Yollari		249,660
	233,244		Turkiye Garanti Bankasi AS		1,023,487
	181,907		Turkiye Is Bankasi (Series C)		519,136
	129,291	*	Yapi ve Kredi Bankasi		306,789
			TOTAL TURKEY		4,868,049
UKRAINE - 0.2%
	45,097	*,f	MHP S.A. (GDR) (purchased 11/22/10, cost $765,700)		757,630
			TOTAL UKRAINE		757,630
UNITED KINGDOM - 0.8%
	164,099	*	Afren plc		375,925
	15,183		Anglo American plc		723,573
	36,565		Antofagasta plc		839,750
	33,887	*,f	O’Key Group S.A. (GDR) (purchased 11/2/10, cost $376,932)		308,372

20

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	28,987		Standard Chartered plc (Hong Kong)	$	741,046
			TOTAL UNITED KINGDOM		2,988,666
UNITED STATES - 0.4%
	13,292	*	General Motors Co		367,923
	48,212	*	Kosmos Energy LLC		732,340
	12,887	*	Las Vegas Sands Corp		608,009
			TOTAL UNITED STATES		1,708,272
VIRGIN ISLANDS, BRITISH - 0.1%
	17,525		Arcos Dorados Holdings, Inc		411,137
			TOTAL VIRGIN ISLANDS, BRITISH		411,137
			TOTAL COMMON STOCKS		389,032,745
			(Cost $362,919,274)
PREFERRED STOCKS - 0.6%
BRAZIL - 0.6%
	79,760	*	Ambev Cia De Bebidas Das		2,354,973
			TOTAL BRAZIL		2,354,973
			TOTAL PREFERRED STOCKS		2,354,973
			(Cost $2,117,936)
			TOTAL INVESTMENTS - 99.5%		391,388,071
			(Cost $365,037,606)
			OTHER ASSETS & LIABILITIES, NET - 0.5%		1,959,884
			NET ASSETS - 100.0%	$	393,347,955
			Abbreviation(s):
			ADR      American Depositary Receipt
			GDR      Global Depositary Receipt
			NVDR   Non Voting Depository Receipt
		*	Non-income producing.
		f	Restricted security. At 7/31/2011, the value of these securities amounted to $13,513,268 or 3.4% of net assets.
		m	Indicates a security that has been deemed illiquid.

21

TIAA-CREF FUNDS - Emerging Markets Equity Fund

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

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	85,987,799		21.8	%
MATERIALS		56,167,118		14.3
ENERGY		53,187,193		13.5
CONSUMER DISCRETIONARY		51,476,382		13.1
INFORMATION TECHNOLOGY		45,233,147		11.5
INDUSTRIALS		38,195,710		9.7
CONSUMER STAPLES		27,057,098		6.9
TELECOMMUNICATION SERVICES		25,441,170		6.5
HEALTH CARE		5,086,656		1.3
UTILITIES		3,555,798		0.9
OTHER ASSETS & LIABILITIES, NET		1,959,884		0.5
NET ASSETS	$	393,347,955		100.0	%

22

TIAA-CREF FUNDS - Large-Cap Growth Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.7%
AUTOMOBILES & COMPONENTS - 1.4%
	490,778		Johnson Controls, Inc	$	18,134,247
			TOTAL AUTOMOBILES & COMPONENTS		18,134,247
BANKS - 0.4%
	163,248		Wells Fargo & Co		4,561,149
			TOTAL BANKS		4,561,149
CAPITAL GOODS - 9.1%
	174,262		Boeing Co		12,280,243
	122,776		Caterpillar, Inc		12,129,041
	228,629		Danaher Corp		11,227,970
	123,971		Emerson Electric Co		6,085,736
	217,455		European Aeronautic Defence and Space Co		7,539,505
	129,423		Goodrich Corp		12,313,304
	155,729		Precision Castparts Corp		25,131,546
	180,872		Roper Industries, Inc		14,764,582
	144,296		United Technologies Corp		11,953,481
			TOTAL CAPITAL GOODS		113,425,408
CONSUMER DURABLES & APPAREL - 4.2%
	593,579		Burberry Group plc		14,511,336
	31,677	*	Fossil, Inc		3,980,849
	177,117		Jarden Corp		5,488,856
	65,113		LVMH Moet Hennessy Louis Vuitton S.A.		11,934,751
	142,261		Nike, Inc (Class B)		12,824,829
	71,998		Tupperware Corp		4,499,155
			TOTAL CONSUMER DURABLES & APPAREL		53,239,776
CONSUMER SERVICES - 4.4%
	30,596	*	Chipotle Mexican Grill, Inc (Class A)		9,930,850
	438,696	*	Las Vegas Sands Corp		20,697,677
	284,806	*	Orient-Express Hotels Ltd (Class A)		2,816,731
	546,994		Starbucks Corp		21,928,990
			TOTAL CONSUMER SERVICES		55,374,248
DIVERSIFIED FINANCIALS - 3.5%
	49,468		BlackRock, Inc		8,828,059
	266,796		Blackstone Group LP		4,431,482
	42,674		CME Group, Inc		12,340,894
	151,523	*	IntercontinentalExchange, Inc		18,682,786
			TOTAL DIVERSIFIED FINANCIALS		44,283,221

23

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
ENERGY - 7.8%
	202,998		Anadarko Petroleum Corp	$	16,759,514
	311,962		Cenovus Energy, Inc		11,963,743
	146,474	*	Concho Resources, Inc		13,707,037
	197,997		Crescent Point Energy Corp		8,900,488
	201,400		National Oilwell Varco, Inc		16,226,798
	330,693		Schlumberger Ltd		29,884,726
			TOTAL ENERGY		97,442,306
FOOD & STAPLES RETAILING - 1.4%
	230,475		Costco Wholesale Corp		18,034,669
			TOTAL FOOD & STAPLES RETAILING		18,034,669
FOOD, BEVERAGE & TOBACCO - 1.1%
	479,533		Coca-Cola Enterprises, Inc		13,479,673
			TOTAL FOOD, BEVERAGE & TOBACCO		13,479,673
HEALTH CARE EQUIPMENT & SERVICES - 4.1%
	206,816	*	Cerner Corp		13,751,196
	165,909	*	Edwards Lifesciences Corp		11,837,607
	187,892	*	Hologic, Inc		3,489,154
	56,264	*	Intuitive Surgical, Inc		22,536,546
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		51,614,503
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	209,141		Estee Lauder Cos (Class A)		21,940,982
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		21,940,982
MATERIALS - 6.5%
	43,786		Ashland, Inc		2,681,455
	73,155		Celanese Corp (Series A)		4,033,035
	32,189		CF Industries Holdings, Inc		4,999,595
	285,639		Dow Chemical Co		9,960,232
	120,635		Freeport-McMoRan Copper & Gold, Inc (Class B)		6,388,830
	589,853		Monsanto Co		43,342,399
	90,935		Walter Energy, Inc		11,145,903
			TOTAL MATERIALS		82,551,449
MEDIA - 3.0%
	725,742		Interpublic Group of Cos, Inc		7,119,529
	796,158		Walt Disney Co		30,747,622
			TOTAL MEDIA		37,867,151
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	31,299	*	Agilent Technologies, Inc		1,319,566
	120,606	*	Alexion Pharmaceuticals, Inc		6,850,421
	325,573		Allergan, Inc		26,472,341
	121,969	*	Biogen Idec, Inc		12,424,982
	160,586	*	Illumina, Inc		10,028,596
	29,235	*	Mettler-Toledo International, Inc		4,525,870
	580,546		Pfizer, Inc		11,169,705
	79,492		Shire plc (ADR)		8,267,168

24

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	79,416		UCB S.A.	$	3,652,571
	395,438	*	Watson Pharmaceuticals, Inc		26,545,752
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		111,256,972
RETAILING - 6.1%
	259,447	*	Amazon.com, Inc		57,732,146
	43,340	*	NetFlix, Inc		11,528,007
	175,004		Petsmart, Inc		7,528,672
			TOTAL RETAILING		76,788,825
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.6%
	124,682		Avago Technologies Ltd		4,193,056
	32,043	*	First Solar, Inc		3,788,444
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		7,981,500
SOFTWARE & SERVICES - 21.6%
	198,745		Accenture plc		11,753,779
	417,787	*	Autodesk, Inc		14,371,873
	67,470	*	Baidu, Inc (ADR)		10,597,513
	189,222	*	Check Point Software Technologies		10,908,648
	66,297	*	Citrix Systems, Inc		4,776,036
	124,107	*	Google, Inc (Class A)		74,922,154
	796,506	*	Intuit, Inc		37,196,829
	78,066		Mercadolibre, Inc		6,200,002
	400,161	*	Nuance Communications, Inc		8,007,222
	904,192		Oracle Corp		27,650,190
	548,970	*	Red Hat, Inc		23,100,658
	359,982		Visa, Inc (Class A)		30,792,861
	141,849	*	VMware, Inc (Class A)		14,233,129
			TOTAL SOFTWARE & SERVICES		274,510,894
TECHNOLOGY HARDWARE & EQUIPMENT - 10.3%
	27,524	*	Acme Packet, Inc		1,621,714
	156,481	*	Apple, Inc		61,102,701
	469,178	*	EMC Corp		12,236,162
	38,318	*	F5 Networks, Inc		3,581,967
	305,230	*	Juniper Networks, Inc		7,139,330
	243,009	*	NetApp, Inc		11,547,788
	300,134	*	Polycom, Inc		8,112,622
	446,278		Qualcomm, Inc		24,447,108
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		129,789,392
TELECOMMUNICATION SERVICES - 1.2%
	285,512	*	American Tower Corp (Class A)		14,997,945
			TOTAL TELECOMMUNICATION SERVICES		14,997,945
TRANSPORTATION - 0.5%
	113,514	*	Kansas City Southern Industries, Inc		6,737,056
			TOTAL TRANSPORTATION		6,737,056

25

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES		COMPANY	VALUE
		TOTAL COMMON STOCKS	$	1,234,011,366
		(Cost $1,114,403,257)
		TOTAL INVESTMENTS - 97.7%		1,234,011,366
		(Cost $1,114,403,257)
		OTHER ASSETS & LIABILITIES, NET - 2.3%		28,947,434
		NET ASSETS - 100.0%	$	1,262,958,800
		Abbreviation(s):
		ADR     American Depositary Receipt
	*	Non-income producing.

26

TIAA-CREF FUNDS - Large-Cap Value Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.7%
AUTOMOBILES & COMPONENTS - 1.2%
	1,288,800	*	American Axle & Manufacturing Holdings, Inc	$	14,782,536
	389,798	*	Ford Motor Co		4,759,434
	118,297	*	Visteon Corp		7,417,222
			TOTAL AUTOMOBILES & COMPONENTS		26,959,192
BANKS - 5.7%
	437,175		Fifth Third Bancorp		5,530,264
	1,012,093		First Horizon National Corp		9,098,716
	1,686,899		Huntington Bancshares, Inc		10,197,304
	151,856	*	MGIC Investment Corp		604,387
	136,942		SunTrust Banks, Inc		3,353,710
	1,056,609		US Bancorp		27,535,231
	2,244,157		Wells Fargo & Co		62,701,746
	260,073		Zions Bancorporation		5,695,599
			TOTAL BANKS		124,716,957
CAPITAL GOODS - 7.9%
	302,019		Boeing Co		21,283,279
	522,060		CAE, Inc		6,830,028
	987,358	*	FIAT Industrial S.p.A.		13,032,804
	2,716,555		General Electric Co		48,653,500
	330,635		Harsco Corp		9,062,705
	253,359		Honeywell International, Inc		13,453,363
	88,085		L-3 Communications Holdings, Inc		6,969,285
	1,260,834		Masco Corp		13,301,798
	129,674		SPX Corp		9,756,672
	513,680		Textron, Inc		11,881,418
	132,504		Tyco International Ltd		5,868,602
	867,373	*	USG Corp		9,870,705
			TOTAL CAPITAL GOODS		169,964,159
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	301,216		Edenred		8,673,462
	587,102		Republic Services, Inc		17,043,572
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		25,717,034
CONSUMER DURABLES & APPAREL - 1.9%
	291,079		Jarden Corp		9,020,538
	398,482		Newell Rubbermaid, Inc		6,184,441
	3,937,289	*	Pulte Homes, Inc		27,049,175
			TOTAL CONSUMER DURABLES & APPAREL		42,254,154

27

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.7%
	262,068	*	Las Vegas Sands Corp	$	12,364,369
	154,976		Marriott International, Inc (Class A)		5,036,720
	862,760	*	Orient-Express Hotels Ltd (Class A)		8,532,696
	125,444	*	WMS Industries, Inc		3,458,491
	2,272,400		Wynn Macau Ltd		7,914,681
			TOTAL CONSUMER SERVICES		37,306,957
DIVERSIFIED FINANCIALS - 10.8%
	330,219		Apollo Management LP		5,716,091
	3,893,705		Bank of America Corp		37,807,876
	170,738		Bank of New York Mellon Corp		4,287,231
	32,806		BlackRock, Inc		5,854,559
	667,936		Blackstone Group LP		11,094,417
	1,417,627		Citigroup, Inc		54,351,819
	14,281		CME Group, Inc		4,129,922
	319,706		Discover Financial Services		8,187,671
	432,423	*	E*Trade Financial Corp		6,866,877
	103,258		Goldman Sachs Group, Inc		13,936,732
	632,949		iShares Russell 1000 Value Index Fund		41,521,455
	446,339		JPMorgan Chase & Co		18,054,413
	440,037		Morgan Stanley		9,790,823
	69,850	*	ORIX Corp		7,534,893
	135,620		State Street Corp		5,624,161
			TOTAL DIVERSIFIED FINANCIALS		234,758,940
ENERGY - 11.7%
	196,120		Anadarko Petroleum Corp		16,191,667
	67,974		Apache Corp		8,409,743
	56,024		Baker Hughes, Inc		4,335,137
	21,572	*	C&J Energy Services, Inc		657,946
	90,314		Cabot Oil & Gas Corp		6,690,461
	261,708		Cenovus Energy, Inc		10,036,502
	24,500		Chesapeake Energy Corp		841,575
	399,921		Chevron Corp		41,599,781
	772,941	*	Cobalt International Energy, Inc		9,522,633
	70,821	*	Concho Resources, Inc		6,627,429
	115,401		ConocoPhillips		8,307,718
	181,841	*,g,m	Crescent Point Energy Corp 144A		8,174,233
	43,756		Devon Energy Corp		3,443,597
	358,914		El Paso Corp		7,375,683
	363,106		Ensco International plc (ADR)		19,335,395
	39,190		Equitable Resources, Inc		2,487,781
	54,792		Exxon Mobil Corp		4,371,854
	270,112		Marathon Oil Corp		8,365,369
	135,056	*	Marathon Petroleum Corp		5,914,102
	264,848		Occidental Petroleum Corp		26,002,777
	291,639		Petroleo Brasileiro S.A. (ADR)		9,906,977
	56,432		Questar Market Resources, Inc		2,473,415
	127,700	*	Southwestern Energy Co		5,690,312
	9,767		Spectra Energy Corp		263,904
	270,037		Suncor Energy, Inc (NY)		10,320,814
	1,090,890	*	Weatherford International Ltd		23,912,308

28

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	221,140		Williams Cos, Inc	$	7,010,138
			TOTAL ENERGY		258,269,251
FOOD, & STAPLES RETAILING - 1.2%
	739,859		CVS Corp		26,893,875
			TOTAL FOOD, & STAPLES RETAILING		26,893,875
FOOD, BEVERAGE & TOBACCO - 3.3%
	321,349		General Mills, Inc		12,002,385
	582,375		Kraft Foods, Inc (Class A)		20,022,053
	40,201		Lorillard, Inc		4,270,150
	424,629		PepsiCo, Inc		27,193,241
	86,625		Remy Cointreau S.A.		7,730,175
			TOTAL FOOD, BEVERAGE & TOBACCO		71,218,004
HEALTH CARE EQUIPMENT & SERVICES - 3.4%
	135,604		Aetna, Inc		5,626,210
	1,755,797	*	Boston Scientific Corp		12,571,507
	180,651	*	CareFusion Corp		4,767,380
	314,865	*	HCA Holdings, Inc		8,400,598
	837,322	*	Hologic, Inc		15,549,069
	50,321		Quest Diagnostics, Inc		2,717,837
	481,949		UnitedHealth Group, Inc		23,919,129
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		73,551,730
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%
	730,101		Procter & Gamble Co		44,893,910
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		44,893,910
INSURANCE - 5.9%
	243,462		ACE Ltd		16,307,085
	163,170		Aflac, Inc		7,515,610
	233,834		Allstate Corp		6,481,878
	157,984		Axis Capital Holdings Ltd		5,034,950
	122,389		Chubb Corp		7,646,865
	71,085		Everest Re Group Ltd		5,837,500
	168,261		Lincoln National Corp		4,458,917
	209,534		Marsh & McLennan Cos, Inc		6,179,158
	64,960		Max Capital Group Ltd		1,415,478
	880,670		Metlife, Inc		36,292,411
	61,610		PartnerRe Ltd		4,116,780
	368,259		Prudential Financial, Inc		21,609,438
	70,223		RenaissanceRe Holdings Ltd		4,886,819
			TOTAL INSURANCE		127,782,889
MATERIALS - 2.9%
	55,808		Akzo Nobel NV		3,408,905
	97,738		Ashland, Inc		5,985,475
	138,003		Celanese Corp (Series A)		7,608,105
	311,615		Dow Chemical Co		10,866,015
	288,027	*	Ferro Corp		3,750,112

29

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	309,240	*	Georgia Gulf Corp	$	6,197,170
	300,706		PolyOne Corp		4,660,943
	210,665		Sonoco Products Co		6,751,813
	375,000		Teijin Ltd		1,675,383
	111,856		Walter Energy, Inc		13,710,190
			TOTAL MATERIALS		64,614,111
MEDIA - 1.5%
	118,065		DISH Network Corp (Class A)		3,498,266
	377,062		News Corp (Class A)		6,040,533
	601,255		Walt Disney Co		23,220,468
			TOTAL MEDIA		32,759,267
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.9%
	224,437	*	Amgen, Inc		12,276,704
	2,337,723	*	Biovitrum AB		8,509,053
	224,752		Bristol-Myers Squibb Co		6,441,392
	473,733		Johnson & Johnson		30,693,160
	89,267		Lonza Group AG.		7,602,917
	739,389		Merck & Co, Inc		25,235,347
	321,675	*	Mylan Laboratories, Inc		7,327,757
	3,383,819		Pfizer, Inc		65,104,677
	327,647	*	Vanda Pharmaceuticals, Inc		2,352,505
	392,577		Warner Chilcott plc		8,251,969
	320,884	*	Watson Pharmaceuticals, Inc		21,540,943
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		195,336,424
REAL ESTATE - 1.8%
	10,028		Boston Properties, Inc		1,076,606
	1,296,287		Chimera Investment Corp		3,992,564
	125,144		General Growth Properties, Inc		2,103,671
	471,952		Kimco Realty Corp		8,981,247
	74,311		Rayonier, Inc		4,789,344
	74,554		SL Green Realty Corp		6,114,919
	175,821		Starwood Property Trust, Inc		3,410,927
	246,000		Sumitomo Realty & Development Co Ltd		6,073,158
	19,873		Vornado Realty Trust		1,859,119
			TOTAL REAL ESTATE		38,401,555
RETAILING - 2.0%
	206,309		Kohl’s Corp		11,287,165
	620,966		Lowe’s Cos, Inc		13,400,446
	151,001	*	Talbots, Inc		522,463
	204,149		Target Corp		10,511,632
	251,975	*	Urban Outfitters, Inc		8,199,267
			TOTAL RETAILING		43,920,973
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%
	468,442	*	Freescale Semiconductor Holdings Ltd		7,649,658
	1,171,725		Intel Corp		26,164,620
	126,206	*	Lam Research Corp		5,159,301

30

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	1,176,133	*	Micron Technology, Inc	$	8,668,100
	1,129,512	*	RF Micro Devices, Inc		7,624,206
	13,750,045		Solomon Systech International Ltd		591,020
	234,803	*	Spansion, Inc		4,268,719
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		60,125,624
SOFTWARE & SERVICES - 4.0%
	62,953	*	Alliance Data Systems Corp		6,190,798
	1,607,409	*	AOL, Inc		27,615,286
	116,640		DST Systems, Inc		5,970,802
	613,141	*	eBay, Inc		20,080,368
	507,400		Microsoft Corp		13,902,760
	122,202		Visa, Inc (Class A)		10,453,159
	424,696	*	Yahoo!, Inc		5,563,518
			TOTAL SOFTWARE & SERVICES		89,776,691
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	116,068	*	Ciena Corp		1,794,411
	1,859,055		Cisco Systems, Inc		29,689,108
	690,781		Corning, Inc		10,990,325
	709,416		Hewlett-Packard Co		24,943,066
	442,000		Hitachi Ltd		2,725,573
	160,359	*	JDS Uniphase Corp		2,108,721
	394,392		Seagate Technology, Inc		5,478,105
	974,183	*	Smart Technologies, Inc (Class A)		5,689,229
	886,406		Xerox Corp		8,270,168
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		91,688,706
TELECOMMUNICATION SERVICES - 4.9%
	1,177,315		AT&T, Inc		34,448,236
	650,987		CenturyTel, Inc		24,158,128
	2,210,731	*	Level 3 Communications, Inc		4,819,394
	3,083,188	*	Sprint Nextel Corp		13,041,885
	850,578		Verizon Communications, Inc		30,016,898
			TOTAL TELECOMMUNICATION SERVICES		106,484,541
TRANSPORTATION - 1.1%
	170,564		Con-Way, Inc		6,246,054
	752,241	*	Swift Transportation Co, Inc		8,530,413
	508,539		UTI Worldwide, Inc		8,223,076
			TOTAL TRANSPORTATION		22,999,543
UTILITIES - 5.6%
	110,993		American Electric Power Co, Inc		4,091,202
	559,411		Centerpoint Energy, Inc		10,953,267
	355,999		Constellation Energy Group, Inc		13,823,441
	22,249		Entergy Corp		1,486,233
	40,315		Exelon Corp		1,776,682
	213,469		FirstEnergy Corp		9,531,391
	122,066		NextEra Energy, Inc		6,744,147
	278,214		NV Energy, Inc		4,128,696

31

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	156,009		PG&E Corp	$	6,463,453
	395,987		PPL Corp		11,048,037
	650,734		Public Service Enterprise Group, Inc		21,311,539
	5,232,596	*	RRI Energy, Inc		20,354,799
	42,791		Sempra Energy		2,169,076
	165,007		Utilities Select Sector SPDR Fund		5,471,632
	59,292		Xcel Energy, Inc		1,423,008
			TOTAL UTILITIES		120,776,603
			TOTAL COMMON STOCKS		2,131,171,090
			(Cost $2,112,524,742)
			TOTAL INVESTMENTS - 97.7%		2,131,171,090
			(Cost $2,112,524,742)
			OTHER ASSETS & LIABILITIES, NET - 2.3%		50,098,526
			NET ASSETS - 100.0%	$	2,181,269,616
			Abbreviation(s):
			ADR    American Depositary Receipt
			SPDR  Standard & Poor’s Depository Receipts
		*	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 July 31, 2011 the value of these securities amounted to $8,174,233 or 0.4% of net assets.
		m	Indicates a security that has been deemed illiquid.

32

TIAA-CREF FUNDS - Mid-Cap Growth Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.1%
AUTOMOBILES & COMPONENTS - 0.3%
	125,000	*	Tesla Motors, Inc	$	3,521,250
			TOTAL AUTOMOBILES & COMPONENTS		3,521,250
BANKS - 0.4%
	773,890		CapitalSource, Inc		4,999,329
			TOTAL BANKS		4,999,329
CAPITAL GOODS - 11.8%
	179,009		Chicago Bridge & Iron Co NV		7,384,122
	151,738		Cooper Industries plc		7,937,415
	100,597		Cummins, Inc		10,550,613
	88,791		Flowserve Corp		8,824,050
	111,976		Goodrich Corp		10,653,397
	165,370	*	Jacobs Engineering Group, Inc		6,472,582
	148,390		Joy Global, Inc		13,936,789
	192,873		KBR, Inc		6,875,922
	371,475		Manitowoc Co, Inc		5,196,935
	100,888	*	Middleby Corp		8,523,018
	100,200		Regal-Beloit Corp		6,075,126
	173,235		Roper Industries, Inc		14,141,172
	328,549	*	Sensata Technologies Holding BV		11,656,919
	145,409		Snap-On, Inc		8,267,956
	203,243		Timken Co		8,875,622
	158,652		TransDigm Group, Inc		14,289,785
	205,280		Trinity Industries, Inc		6,115,291
			TOTAL CAPITAL GOODS		155,776,714
COMMERCIAL & PROFESSIONAL SERVICES - 2.2%
	137,968	*	Clean Harbors, Inc		7,277,812
	98,354		Manpower, Inc		4,968,844
	210,648		Republic Services, Inc		6,115,111
	328,073	*	Verisk Analytics, Inc		10,924,831
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		29,286,598
CONSUMER DURABLES & APPAREL - 5.1%
	132,863		Coach, Inc		8,577,635
	76,861	*	Deckers Outdoor Corp		7,628,454
	101,588	*	Fossil, Inc		12,766,564
	300,191	*	Hanesbrands, Inc		9,158,827
	426,035	*	Iconix Brand Group, Inc		9,939,397
	261,316		Jarden Corp		8,098,183
	172,009		Tupperware Corp		10,748,842
			TOTAL CONSUMER DURABLES & APPAREL		66,917,902

33

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.3%
	172,989		Darden Restaurants, Inc	$	8,787,841
	277,211	*	Gaylord Entertainment Co		8,133,371
			TOTAL CONSUMER SERVICES		16,921,212
DIVERSIFIED FINANCIALS - 6.1%
	122,879	*	Affiliated Managers Group, Inc		12,819,966
	358,752	*	Financial Engines, Inc		8,523,948
	36,863	*	IntercontinentalExchange, Inc		4,545,208
	566,486		iShares Russell Midcap Growth Index Fund		33,660,598
	229,637		Lazard Ltd (Class A)		7,715,803
	155,953	*	Portfolio Recovery Associates, Inc		12,621,276
			TOTAL DIVERSIFIED FINANCIALS		79,886,799
ENERGY - 8.7%
	795,732	*	Cobalt International Energy, Inc		9,803,418
	189,096	*	Concho Resources, Inc		17,695,605
	193,469		Crescent Point Energy Corp		8,696,942
	30,443	*,g,m	Crescent Point Energy Corp 144A		1,368,493
	767,048	*	Denbury Resources, Inc		14,819,367
	825,000		El Paso Corp		16,953,751
	175,000		Peabody Energy Corp		10,057,250
	117,786		Saipem S.p.A.		6,137,883
	123,913		Schlumberger Ltd		11,198,018
	443,291	*	Solazyme, Inc		10,129,199
	369,927		Tullow Oil plc		7,431,792
			TOTAL ENERGY		114,291,718
FOOD & STAPLES RETAILING - 0.8%
	22,877	*	Chefs’ Warehouse Holdings, Inc		406,067
	141,928		Whole Foods Market, Inc		9,466,597
			TOTAL FOOD & STAPLES RETAILING		9,872,664
FOOD, BEVERAGE & TOBACCO - 4.4%
	346,141		Coca-Cola Enterprises, Inc		9,730,024
	176,079		Corn Products International, Inc		8,960,660
	137,205		Dr Pepper Snapple Group, Inc		5,180,861
	91,665	*	Green Mountain Coffee Roasters, Inc		9,528,577
	94,834	*	Hansen Natural Corp		7,266,181
	71,898		Lorillard, Inc		7,637,006
	109,355		Remy Cointreau S.A.		9,758,537
			TOTAL FOOD, BEVERAGE & TOBACCO		58,061,846
HEALTH CARE EQUIPMENT & SERVICES - 6.5%
	96,905	*	Air Methods Corp		6,793,041
	153,657	*	Edwards Lifesciences Corp		10,963,427
	357,747	*	Hanger Orthopedic Group, Inc		7,516,264
	148,588		Humana, Inc		11,081,693
	43,701	*	Intuitive Surgical, Inc		17,504,435
	115,000	*	Inverness Medical Innovations, Inc		3,391,350

34

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	105,117	*	Pediatrix Medical Group, Inc	$	7,164,775
	202,265	*	Sirona Dental Systems, Inc		10,230,564
	323,524	*	Thoratec Corp		10,899,524
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		85,545,073
HOUSEHOLD & PERSONAL PRODUCTS - 1.1%
	69,371		Estee Lauder Cos (Class A)		7,277,712
	139,964		Herbalife Ltd		7,798,794
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		15,076,506
MATERIALS - 8.1%
	96,664		Aptargroup, Inc		4,934,697
	196,962		Ashland, Inc		12,061,953
	116,416		Barrick Gold Corp		5,537,909
	600,000	*	Calgon Carbon Corp		8,934,000
	51,325		CF Industries Holdings, Inc		7,971,799
	96,009		Cleveland-Cliffs, Inc		8,623,528
	181,130		Cytec Industries, Inc		10,143,280
	123,846		Freeport-McMoRan Copper & Gold, Inc (Class B)		6,558,884
	738,130		Huntsman Corp		14,098,283
	156,549		International Flavors & Fragrances, Inc		9,576,102
	138,889		Walter Energy, Inc		17,023,625
			TOTAL MATERIALS		105,464,060
MEDIA - 1.8%
	153,265	*	Imax Corp		2,905,904
	1,237,445		Interpublic Group of Cos, Inc		12,139,336
	4,180,791	*	Sirius XM Radio, Inc		8,821,469
			TOTAL MEDIA		23,866,709
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.3%
	376,938	*	Agilent Technologies, Inc		15,891,706
	160,528	*	Dendreon Corp		5,923,483
	183,518	*	Illumina, Inc		11,460,699
	195,829	*	Life Technologies Corp		8,818,180
	445,236	*	Mylan Laboratories, Inc		10,142,476
	170,142		Perrigo Co		15,365,524
	194,536	*	Vertex Pharmaceuticals, Inc		10,088,637
	476,595		Warner Chilcott plc		10,018,027
	107,863	*	Watson Pharmaceuticals, Inc		7,240,843
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		94,949,575
REAL ESTATE - 1.8%
	110,000		Boston Properties, Inc		11,809,600
	193,312	*	Forest City Enterprises, Inc (Class A)		3,481,549
	71,368		Public Storage, Inc		8,537,754
			TOTAL REAL ESTATE		23,828,903
RETAILING - 10.0%
	258,031	*	Bed Bath & Beyond, Inc		15,092,234
	195,207	*	Dick’s Sporting Goods, Inc		7,222,659

35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	4,212	*	HomeAway, Inc	$	165,574
	523,911	*	LKQ Corp		12,872,493
	334,220		Macy’s, Inc		9,648,931
	106,611		Monro Muffler, Inc		3,812,409
	48,071	*	NetFlix, Inc		12,786,405
	148,343		Nordstrom, Inc		7,440,885
	306,217		Petsmart, Inc		13,173,456
	20,371	*	Priceline.com, Inc		10,952,468
	606,728	*	Sally Beauty Holdings, Inc		10,435,722
	151,927	*	Shutterfly, Inc		8,264,829
	3,822	*	Teavana Holdings, Inc		107,780
	114,553		Tiffany & Co		9,117,273
	159,478	*	Ulta Salon Cosmetics & Fragrance, Inc		10,051,898
			TOTAL RETAILING		131,145,016
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.1%
	277,248	*	Cavium Networks, Inc		9,562,284
	624,606	*	Micron Technology, Inc		4,603,346
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		14,165,630
SOFTWARE & SERVICES - 15.8%
	35,314	*	Alliance Data Systems Corp		3,472,779
	159,407		Amadeus IT Holding S.A.		3,207,928
	253,547	*	Ancestry.com, Inc		9,028,809
	223,539	*	Ansys, Inc		11,311,073
	239,610	*	Ariba, Inc		7,923,903
	200,904	*	BMC Software, Inc		8,683,071
	191,389	*	Check Point Software Technologies		11,033,576
	207,895	*	Citrix Systems, Inc		14,976,755
	166,808	*	Commvault Systems, Inc		6,458,806
	40,500	*	Equinix, Inc		4,231,035
	390,914	*	Fortinet, Inc		7,943,372
	48,121	*	MicroStrategy, Inc (Class A)		7,669,044
	9,069	*	Nuance Communications, Inc		181,471
	30,335	*	OpenTable, Inc		2,149,538
	281,231	*	QLIK Technologies, Inc		8,524,112
	262,607	*	Rackspace Hosting, Inc		10,504,280
	400,000	*	Radiant Systems, Inc		11,276,000
	154,511	*	Rovi Corp		8,184,448
	80,511	*	Salesforce.com, Inc		11,650,747
	210,216	*	SolarWinds, Inc		4,521,746
	203,311		Solera Holdings, Inc		11,361,019
	229,285	*	Sourcefire, Inc		5,635,825
	334,762	*	SuccessFactors, Inc		9,038,574
	188,724	*	Tangoe, Inc		2,189,198
	96,662	*	Teradata Corp		5,312,544
	204,410	*	VeriFone Systems, Inc		8,047,621
	180,000	*	Verint Systems, Inc		6,123,600
	254,126	*	Yandex NV		8,886,786
			TOTAL SOFTWARE & SERVICES		209,527,660

36

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 2.9%
	90,008	*	Acme Packet, Inc	$	5,303,271
	283,428	*	Aruba Networks, Inc		6,504,673
	18,678	*	Fusion-io, Inc		553,056
	333,278	*	Polycom, Inc		9,008,504
	288,627	*	SanDisk Corp		12,275,306
	134,463	*	Universal Display Corp		4,021,788
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		37,666,598
TELECOMMUNICATION SERVICES - 1.6%
	136,692	*	American Tower Corp (Class A)		7,180,430
	426,513	*	MetroPCS Communications, Inc		6,943,632
	413,554	*	Velti plc		6,827,777
			TOTAL TELECOMMUNICATION SERVICES		20,951,839
TRANSPORTATION - 1.0%
	158,409	*	Atlas Air Worldwide Holdings, Inc		8,299,048
	306,592	*	UAL Corp		5,555,447
			TOTAL TRANSPORTATION		13,854,495
			TOTAL COMMON STOCKS		1,315,578,096
			(Cost $1,092,811,393)
			TOTAL INVESTMENTS - 100.1%		1,315,578,096
			(Cost $1,092,811,393)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%		(1,358,992	)
			NET ASSETS - 100.0%	$	1,314,219,104
		*	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 July 31, 2011 the value of these securities amounted to $1,368,493 or 0.1% of net assets.
		m	Indicates a security that has been deemed illiquid.

37

TIAA-CREF FUNDS - Mid-Cap Value Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 1.4%
	475,000	*	American Axle & Manufacturing Holdings, Inc	$	5,448,250
	150,000		Autoliv, Inc		9,924,000
	230,000		Cooper Tire & Rubber Co		3,877,800
	166,007	*	General Motors Co		4,595,074
	224,000		Lear Corp		10,976,000
	80,000		Magna International, Inc - Class A (NY)		3,901,600
			TOTAL AUTOMOBILES & COMPONENTS		38,722,724
BANKS - 4.7%
	355,000	*	CIT Group, Inc		14,107,700
	360,000		Comerica, Inc		11,530,800
	67,261		Cullen/Frost Bankers, Inc		3,624,023
	1,070,000		Fifth Third Bancorp		13,535,500
	1,090,000		First Horizon National Corp		9,799,100
	3,827,336		Huntington Bancshares, Inc		23,136,246
	140,000		PNC Financial Services Group, Inc		7,600,600
	1,270,000		Regions Financial Corp		7,734,300
	620,000		SunTrust Banks, Inc		15,183,800
	370,000		TCF Financial Corp		4,706,400
	210,000		Valley National Bancorp		2,761,500
	650,000		Zions Bancorporation		14,235,000
			TOTAL BANKS		127,954,969
CAPITAL GOODS - 7.7%
	130,000	*	AGCO Corp		6,164,600
	195,000		Armstrong World Industries, Inc		7,702,500
	195,000	*	Babcock & Wilcox Co		4,871,100
	395,000		Chicago Bridge & Iron Co NV		16,293,750
	230,000		Cooper Industries plc		12,031,300
	40,000		Cummins, Inc		4,195,200
	300,000		Eaton Corp		14,385,000
	113,000		Goodrich Corp		10,750,820
	255,000		Harsco Corp		6,989,550
	378,000		Ingersoll-Rand plc		14,144,760
	175,000		ITT Industries, Inc		9,334,500
	27,000		Joy Global, Inc		2,535,840
	690,000		KBR, Inc		24,598,500
	740,000		Masco Corp		7,807,000
	50,000		Pall Corp		2,479,000
	140,000		Parker Hannifin Corp		11,062,800
	150,000		Pentair, Inc		5,521,500
	75,000		Precision Castparts Corp		12,103,500
	128,000		Rockwell Collins, Inc		7,051,520
	220,000	*	Spirit Aerosystems Holdings, Inc (Class A)		4,507,800

38

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	380,000		Textron, Inc	$	8,789,400
	44,176		Vallourec		4,476,529
	195,000	*	WABCO Holdings, Inc		12,294,750
			TOTAL CAPITAL GOODS		210,091,219
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	469,763		Republic Services, Inc		13,637,220
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		13,637,220
CONSUMER DURABLES & APPAREL - 2.8%
	650,000		DR Horton, Inc		7,722,000
	80,000		Fortune Brands, Inc		4,816,800
	240,000	*	Hanesbrands, Inc		7,322,400
	450,000		Jarden Corp		13,945,500
	90,000	*	Mohawk Industries, Inc		4,682,700
	378,000		Newell Rubbermaid, Inc		5,866,560
	7,500	*	NVR, Inc		5,100,675
	350,000		Ryland Group, Inc		5,155,500
	190,000	*	Tempur-Pedic International, Inc		13,681,900
	73,000		VF Corp		8,526,400
			TOTAL CONSUMER DURABLES & APPAREL		76,820,435
CONSUMER SERVICES - 1.0%
	180,000		Darden Restaurants, Inc		9,144,000
	15,468	*	Dunkin Brands Group, Inc		447,489
	419,031	*	Orient-Express Hotels Ltd (Class A)		4,144,217
	110,000	*	Penn National Gaming, Inc		4,612,300
	120,000	*	Royal Caribbean Cruises Ltd		3,674,400
	120,000		Starwood Hotels & Resorts Worldwide, Inc		6,595,200
			TOTAL CONSUMER SERVICES		28,617,606
DIVERSIFIED FINANCIALS - 3.4%
	215,000		Ameriprise Financial, Inc		11,631,500
	266,706		Apollo Management LP		4,616,681
	165,000		Capital One Financial Corp		7,887,000
	1,320,000		Discover Financial Services		33,805,200
	350,000	*	E*Trade Financial Corp		5,558,000
	600,000		Invesco Ltd		13,308,000
	240,000		Jefferies Group, Inc		4,538,400
	250,000		NYSE Euronext		8,365,000
	215,000		TD Ameritrade Holding Corp		3,947,400
			TOTAL DIVERSIFIED FINANCIALS		93,657,181
ENERGY - 11.8%
	123,000	*	Alpha Natural Resources, Inc		5,253,330
	160,000		Anadarko Petroleum Corp		13,209,600
	77,000		Baker Hughes, Inc		5,958,260
	210,000		Berry Petroleum Co (Class A)		12,043,500
	130,000		Cabot Oil & Gas Corp		9,630,400
	130,000	*	Cameron International Corp		7,272,200
	250,000	*	Cobalt International Energy, Inc		3,080,000

39

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	195,000	*	Concho Resources, Inc	$	18,248,100
	182,000		Crescent Point Energy Corp		8,181,381
	300,000		Crude Carriers Corp		3,456,000
	455,000	*	Denbury Resources, Inc		8,790,600
	115,000	*	Dril-Quip, Inc		8,108,650
	765,000		El Paso Corp		15,720,750
	329,122		Ensco International plc (ADR)		17,525,747
	210,000		Equitable Resources, Inc		13,330,800
	146,000	*	FMC Technologies, Inc		6,657,600
	380,000	*	Forest Oil Corp		9,880,000
	400,000		Frontline Ltd		4,600,000
	35,000		Hess Corp		2,399,600
	500,000	*	McDermott International, Inc		10,085,000
	97,000		Murphy Oil Corp		6,229,340
	210,000	*	Nabors Industries Ltd		5,546,100
	212,000		Noble Energy, Inc		21,132,160
	200,000	*	Oceaneering International, Inc		8,640,000
	140,000		Pioneer Natural Resources Co		13,018,600
	285,000	*	Plains Exploration & Production Co		11,117,850
	216,000		Questar Market Resources, Inc		9,467,280
	495,000	*	Rowan Cos, Inc		19,389,150
	260,000		Southern Union Co		11,180,000
	820,000		Spectra Energy Corp		22,156,399
	218,213		Tullow Oil plc		4,383,875
	1,120,000	*	Vantage Drilling Co		1,825,600
	215,000		Williams Cos, Inc		6,815,500
			TOTAL ENERGY		324,333,372
FOOD & STAPLES RETAILING - 0.3%
	280,000		Kroger Co		6,963,600
			TOTAL FOOD & STAPLES RETAILING		6,963,600
FOOD, BEVERAGE & TOBACCO - 4.9%
	390,000		ConAgra Foods, Inc		9,987,900
	250,000		Corn Products International, Inc		12,722,500
	220,000		H.J. Heinz Co		11,580,800
	100,000		Hershey Co		5,644,000
	270,000		Hormel Foods Corp		7,821,900
	302,000		Lorillard, Inc		32,078,440
	83,000	*	Ralcorp Holdings, Inc		7,179,500
	300,000		Reynolds American, Inc		10,560,000
	290,000		Sanderson Farms, Inc		13,403,800
	700,000	*	Smithfield Foods, Inc		15,414,000
	250,000		Tyson Foods, Inc (Class A)		4,390,000
	310,000	*	Westway Group, Inc		1,503,500
			TOTAL FOOD, BEVERAGE & TOBACCO		132,286,340
HEALTH CARE EQUIPMENT & SERVICES - 4.7%
	1,280,000	*	Boston Scientific Corp		9,164,800
	250,000		Cigna Corp		12,442,500
	107,000	*	DaVita, Inc		8,938,780
	230,000	*	Edwards Lifesciences Corp		16,410,500

40

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	205,000	*	HCA Holdings, Inc	$	5,469,400
	545,000	*	Health Net, Inc		15,325,400
	495,000	*	Healthsouth Corp		12,078,000
	800,000	*	Hologic, Inc		14,856,000
	255,000		Humana, Inc		19,017,900
	330,000	*	PSS World Medical, Inc		7,896,900
	120,000		Universal Health Services, Inc (Class B)		5,956,800
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		127,556,980
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	160,000		Nu Skin Enterprises, Inc (Class A)		6,006,400
	150,000		Reckitt Benckiser Group plc		8,487,913
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		14,494,313
INSURANCE - 7.9%
	165,000		ACE Ltd		11,051,700
	260,000		AON Corp		12,511,200
	375,000	*	Arch Capital Group Ltd		12,675,000
	142,000		Aspen Insurance Holdings Ltd		3,677,800
	300,000		Assurant, Inc		10,686,000
	255,000		Axis Capital Holdings Ltd		8,126,850
	116,373		Cincinnati Financial Corp		3,180,474
	91,000		Everest Re Group Ltd		7,472,920
	103,000		Hanover Insurance Group, Inc		3,729,630
	520,000		Hartford Financial Services Group, Inc		12,178,400
	265,000		Lincoln National Corp		7,022,500
	700,000		Marsh & McLennan Cos, Inc		20,643,000
	360,000		Max Capital Group Ltd		7,844,400
	154,000		PartnerRe Ltd		10,290,280
	255,000		Principal Financial Group		7,045,650
	420,000		Progressive Corp		8,265,600
	236,000		Prudential Financial, Inc		13,848,480
	200,000		RenaissanceRe Holdings Ltd		13,918,000
	705,000		UnumProvident Corp		17,194,950
	128,126		Validus Holdings Ltd		3,406,870
	960,000		XL Capital Ltd		19,699,200
			TOTAL INSURANCE		214,468,904
MATERIALS - 8.2%
	3,400,000		Alumina Ltd		8,093,593
	145,000		Anglo American plc (London)		6,863,249
	355,000		Ashland, Inc		21,740,200
	330,000	*	Calgon Carbon Corp		4,913,700
	125,000		Celanese Corp (Series A)		6,891,250
	254,718		Christian Hansen Holding		5,873,893
	340,000	*	Crown Holdings, Inc		13,059,400
	345,000		Cytec Industries, Inc		19,320,000
	59,529		Eastman Chemical Co		5,749,906
	650,000	*	Ferro Corp		8,463,000
	60,000		FMC Corp		5,254,200
	85,000		Freeport-McMoRan Copper & Gold, Inc (Class B)		4,501,600
	490,000	*	Georgia Gulf Corp		9,819,600

41

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	120,000	*	Kraton Polymers LLC	$	4,332,000
	940,000		MacArthur Coal Ltd		16,071,041
	139,186		MeadWestvaco Corp		4,334,252
	143,000		Schnitzer Steel Industries, Inc (Class A)		7,262,970
	140,000		Schweitzer-Mauduit International, Inc		7,855,400
	210,000	*	Solutia, Inc		4,502,400
	390,829		Temple-Inland, Inc		11,732,687
	186,000		Walter Energy, Inc		22,798,020
	540,589	*	WR Grace & Co		27,267,309
			TOTAL MATERIALS		226,699,670
MEDIA - 3.7%
	108,750	*	AMC Networks, Inc		4,044,413
	435,000		Cablevision Systems Corp (Class A)		10,596,600
	965,000		CBS Corp (Class B)		26,412,049
	690,000		DISH Network Corp (Class A)		20,444,700
	1,710,000		Interpublic Group of Cos, Inc		16,775,100
	310,000	*	Liberty Global, Inc (Class A)		12,958,000
	570,000		Pearson plc		10,937,833
			TOTAL MEDIA		102,168,695
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 3.3%
	937,500	*	Biovitrum AB		3,412,396
	135,594	*	Bruker BioSciences Corp		2,334,929
	270,000	*	Forest Laboratories, Inc		10,006,200
	145,000	*	Hospira, Inc		7,412,400
	560,000		Laboratorios Almirall S.A.		5,330,187
	250,000	*	Mylan Laboratories, Inc		5,695,000
	465,000		PerkinElmer, Inc		11,373,900
	179,000		Shire plc (ADR)		18,616,000
	260,966		Warner Chilcott plc		5,485,505
	310,000	*	Watson Pharmaceuticals, Inc		20,810,300
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		90,476,817
REAL ESTATE - 9.9%
	470,000		AMB Property Corp		16,746,100
	290,000		American Assets Trust, Inc		6,377,100
	985,000		Annaly Capital Management, Inc		16,528,300
	225,000		Boston Properties, Inc		24,155,999
	360,000		Brookfield Properties Corp		6,822,000
	2,275,000		Chimera Investment Corp		7,007,000
	368,000		Equity Residential		22,749,760
	75,000		Essex Property Trust, Inc		10,527,000
	250,000	*	Forestar Real Estate Group, Inc		4,075,000
	730,000		General Growth Properties, Inc		12,271,300
	840,000		Host Marriott Corp		13,314,000
	325,000		Kilroy Realty Corp		12,538,500
	640,000		Kimco Realty Corp		12,179,200
	210,000		Macerich Co		11,157,300
	115,000		Plum Creek Timber Co, Inc		4,395,300
	60,000		Public Storage, Inc		7,177,800
	90,000		Rayonier, Inc		5,800,500

42

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	130,000		Regency Centers Corp	$	5,839,600
	128,000		SL Green Realty Corp		10,498,560
	100,000		Tanger Factory Outlet Centers, Inc		2,745,000
	140,000		Taubman Centers, Inc		8,386,000
	215,000		Ventas, Inc		11,637,950
	255,000		Vornado Realty Trust		23,855,250
	425,000		Weingarten Realty Investors		10,931,000
			TOTAL REAL ESTATE		267,715,519
RETAILING - 3.5%
	230,000		Barnes & Noble, Inc		4,002,000
	520,000		Foot Locker, Inc		11,299,600
	330,000	*	GameStop Corp (Class A)		7,781,400
	120,000		Gap, Inc		2,314,800
	735,000	*	Liberty Media Holding Corp (Interactive A)		12,061,350
	450,000		Limited Brands, Inc		17,037,000
	730,000		Macy’s, Inc		21,075,100
	160,000		Nordstrom, Inc		8,025,600
	130,000		TJX Companies, Inc		7,189,000
	100,000		Williams-Sonoma, Inc		3,702,000
			TOTAL RETAILING		94,487,850
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.6%
	65,000		Analog Devices, Inc		2,236,000
	220,000		Avago Technologies Ltd		7,398,600
	410,000	*	Fairchild Semiconductor International, Inc		6,154,100
	330,000	*	Freescale Semiconductor Holdings Ltd		5,388,900
	800,000	*	LSI Logic Corp		5,888,000
	191,633		Maxim Integrated Products, Inc		4,399,894
	1,135,000	*	Micron Technology, Inc		8,364,950
	300,000	*	Teradyne, Inc		4,047,000
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		43,877,444
SOFTWARE & SERVICES - 3.5%
	58,000	*	Alliance Data Systems Corp		5,703,720
	200,000	*	Autonomy Corp plc		5,503,775
	125,000	*	BMC Software, Inc		5,402,500
	530,000		CA, Inc		11,819,000
	110,000	*	CACI International, Inc (Class A)		6,498,800
	350,000		Computer Sciences Corp		12,348,000
	500,000		Earthlink, Inc		4,020,000
	285,000	*	IAC/InterActiveCorp		11,796,150
	490,000	*	Symantec Corp		9,339,400
	250,000	*	Teradata Corp		13,740,000
	384,000		Western Union Co		7,453,440
			TOTAL SOFTWARE & SERVICES		93,624,785
TECHNOLOGY HARDWARE & EQUIPMENT - 2.2%
	146,000	*	Arrow Electronics, Inc		5,073,500
	1,700,000	*	Brocade Communications Systems, Inc		9,316,000
	690,000		Seagate Technology, Inc		9,584,100
	75,000		Tellabs, Inc		310,500

43

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	300,000		Tyco Electronics Ltd	$	10,329,000
	2,200,000		Xerox Corp		20,526,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		55,139,100
TELECOMMUNICATION SERVICES - 1.8%
	227,874		CenturyTel, Inc		8,456,404
	4,050,000		Frontier Communications Corp		30,334,500
	1,100,000	*	Sprint Nextel Corp		4,653,000
	1,322,500	*	Vonage Holdings Corp		5,303,225
			TOTAL TELECOMMUNICATION SERVICES		48,747,129
TRANSPORTATION - 1.9%
	143,000	*	Alaska Air Group, Inc		8,740,160
	35,270		Baltic Trading Ltd		193,632
	300,000		Con-Way, Inc		10,986,000
	230,000		Costamare, Inc		3,790,400
	384,000		CSX Corp		9,434,880
	30,000		FedEx Corp		2,606,400
	130,000	*	Kansas City Southern Industries, Inc		7,715,500
	38,000		Norfolk Southern Corp		2,876,600
	460,000	*	UAL Corp		8,335,200
			TOTAL TRANSPORTATION		54,678,772
UTILITIES - 7.8%
	239,516		American Water Works Co, Inc		6,706,448
	912,270		Centerpoint Energy, Inc		17,862,247
	350,000		CMS Energy Corp		6,699,000
	500,000		Constellation Energy Group, Inc		19,415,000
	250,000		DTE Energy Co		12,460,000
	460,000		Edison International		17,512,200
	435,000		NiSource, Inc		8,756,550
	200,000		Northeast Utilities		6,800,000
	380,000		NorthWestern Corp		12,167,600
	325,000	*	NRG Energy, Inc		7,969,000
	450,000		NV Energy, Inc		6,678,000
	180,000		PG&E Corp		7,457,400
	560,063		PPL Corp		15,625,758
	360,000		Progress Energy, Inc		16,826,400
	360,000		Public Service Enterprise Group, Inc		11,790,000
	220,000		Questar Corp		4,054,600
	150,000	*	RRI Energy, Inc		583,500
	305,000		Sempra Energy		15,460,450
	130,000		UIL Holdings Corp		4,150,900
	715,000		Xcel Energy, Inc		17,160,000
			TOTAL UTILITIES		216,135,053
			TOTAL COMMON STOCKS		2,703,355,697
			(Cost $2,303,742,475)
			TOTAL INVESTMENTS - 99.0%		2,703,355,697
			(Cost $2,303,742,475)
			OTHER ASSETS & LIABILITIES, NET - 1.0%		28,104,990
			NET ASSETS - 100.0%	$	2,731,460,687
			Abbreviation(s):
			ADR   American Depositary Receipt
		*	Non-income producing.

44

TIAA-CREF FUNDS - Small-Cap Equity Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.6%
	258,900	*	American Axle & Manufacturing Holdings, Inc	$	2,969,583
	300,319		Cooper Tire & Rubber Co		5,063,378
	471,651	*	Dana Holding Corp		7,862,422
	204,682	*	Exide Technologies		1,465,523
	107,163		Standard Motor Products, Inc		1,521,715
	122,986		Superior Industries International, Inc		2,489,237
	88,647	*	Tower International, Inc		1,526,501
			TOTAL AUTOMOBILES & COMPONENTS		22,898,359
BANKS - 6.0%
	20,000		1st Source Corp		461,000
	282,086		Astoria Financial Corp		3,286,302
	33,800		Berkshire Hills Bancorp, Inc		740,896
	207,508		Brookline Bancorp, Inc		1,774,193
	10,700		Century Bancorp, Inc		289,221
	44,700		Chemical Financial Corp		847,959
	18,300		City Holding Co		572,241
	128,520		Columbia Banking System, Inc		2,263,237
	42,118		Community Bank System, Inc		1,059,689
	25,156		CVB Financial Corp		243,762
	70,000		Dime Community Bancshares		983,500
	237,632		East West Bancorp, Inc		4,410,450
	36,900		Federal Agricultural Mortgage Corp (Class C)		745,380
	18,500	*	First Defiance Financial Corp		271,210
	191,389		First Financial Bancorp		3,064,138
	74,799		First Financial Bankshares, Inc		2,410,772
	27,100		First Interstate Bancsystem, Inc		362,598
	26,400		First Merchants Corp		236,280
	202,169		FirstMerit Corp		2,953,689
	186,100		FNB Corp		1,861,000
	92,002		Hancock Holding Co		3,031,466
	16,700		IBERIABANK Corp		851,199
	10,211		Independent Bank Corp		271,102
	107,679		International Bancshares Corp		1,811,161
	30,208		Lakeland Bancorp, Inc		300,570
	35,371		MainSource Financial Group, Inc		326,828
	103,498		National Penn Bancshares, Inc		832,124
	61,650		NBT Bancorp, Inc		1,358,766
	154,895		Northwest Bancshares, Inc		1,903,660
	77,679		Oritani Financial Corp		1,005,166
	156,000		PrivateBancorp, Inc		1,839,240
	110,593		Prosperity Bancshares, Inc		4,592,926
	256,599		Provident Financial Services, Inc		3,556,462
	18,618		Republic Bancorp, Inc (Class A)		337,172

45

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	13,529		SCBT Financial Corp	$	396,129
	20,416	*	Signature Bank		1,207,811
	34,543		Simmons First National Corp (Class A)		834,559
	42,962		Sterling Bancorp		405,991
	77,703	*	Sun Bancorp, Inc		242,433
	40,599		Susquehanna Bancshares, Inc		305,710
	145,015	*	SVB Financial Group		8,848,814
	30,500	*	The Bancorp, Inc		274,500
	30,100		Trico Bancshares		446,082
	116,367		UMB Financial Corp		4,829,230
	354,160		Umpqua Holdings Corp		4,023,258
	10,000		Union Bankshares Corp		124,500
	26,700		United Bankshares, Inc		637,062
	44,108		United Financial Bancorp, Inc		687,644
	140,500		Webster Financial Corp		2,869,010
	20,600		WesBanco, Inc		423,330
	279,752	*	Western Alliance Bancorp		1,966,657
	125,727		Wintrust Financial Corp		4,297,349
			TOTAL BANKS		83,675,428
CAPITAL GOODS - 9.0%
	56,539		AAR Corp		1,658,854
	298,300		Actuant Corp (Class A)		7,370,992
	46,579		Alamo Group, Inc		1,113,704
	81,321	*	Altra Holdings, Inc		1,808,579
	45,269		Ampco-Pittsburgh Corp		1,179,257
	181,321		Applied Industrial Technologies, Inc		5,787,767
	68,288	*	Astec Industries, Inc		2,562,166
	203,673		Barnes Group, Inc		4,959,438
	116,709	*	Beacon Roofing Supply, Inc		2,495,238
	49,100		Belden CDT, Inc		1,809,335
	124,704	*	Blount International, Inc		2,073,828
	60,242		Briggs & Stratton Corp		1,032,548
	57,660		Cascade Corp		2,882,423
	55,598	*	Ceradyne, Inc		1,801,931
	46,902		Cubic Corp		2,276,623
	189,806		Curtiss-Wright Corp		6,066,200
	45,128		Ducommun, Inc		992,816
	40,160	*	DXP Enterprises, Inc		1,091,950
	236,070	*	EMCOR Group, Inc		6,591,075
	30,253	*	EnerSys		967,491
	138,003	*	EnPro Industries, Inc		6,381,259
	409,370	*	Force Protection, Inc		1,870,821
	56,615		Franklin Electric Co, Inc		2,471,245
	269,115	*	GenCorp, Inc		1,523,191
	23,100		Granite Construction, Inc		540,078
	225,844		Great Lakes Dredge & Dock Corp		1,343,772
	116,187		Heico Corp		6,071,933
	81,542	*	Kadant, Inc		2,145,370
	30,184		Kaman Corp		1,075,154
	56,890	*	Layne Christensen Co		1,667,446
	38,340		LB Foster Co (Class A)		1,332,315

46

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	35,300		Lindsay Manufacturing Co	$	2,234,490
	177,800	*	Mastec, Inc		3,712,464
	140,118		Mueller Industries, Inc		5,258,629
	25,500	*	MYR Group, Inc		619,395
	35,981		Nacco Industries, Inc (Class A)		3,269,953
	82,111	*	NCI Building Systems, Inc		927,033
	58,860	*	Orbital Sciences Corp		1,019,455
	53,385	*	Powell Industries, Inc		2,057,458
	37,400		Primoris Services Corp		456,280
	214,186		Quanex Building Products Corp		3,356,295
	28,500	*	Sauer-Danfoss, Inc		1,353,750
	1,142		Seaboard Corp		2,986,330
	71,400		Snap-On, Inc		4,059,804
	56,609		Standex International Corp		1,822,244
	82,228	*	Sterling Construction Co, Inc		1,052,518
	134,000		Triumph Group, Inc		7,214,560
	19,400		Watts Water Technologies, Inc (Class A)		650,482
	11,700		Woodward Governor Co		403,650
			TOTAL CAPITAL GOODS		125,399,589
COMMERCIAL & PROFESSIONAL SERVICES - 3.0%
	131,700	*	Acacia Research (Acacia Technologies)		5,652,563
	114,750		Administaff, Inc		3,352,995
	43,386	*	Advisory Board Co		2,322,886
	243,862		Brink’s Co		7,276,842
	61,153	*	Consolidated Graphics, Inc		3,154,883
	89,109		Corporate Executive Board Co		3,622,281
	57,200	*	EnerNOC, Inc		957,528
	44,928	*	Exponent, Inc		1,878,440
	36,700	*	Metalico, Inc		201,116
	480,516		Steelcase, Inc (Class A)		4,771,524
	143,590	*	SYKES Enterprises, Inc		2,771,287
	179,217	*	Tetra Tech, Inc		3,942,774
	82,950	*	TrueBlue, Inc		1,245,080
	15,015		VSE Corp		316,066
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		41,466,265
CONSUMER DURABLES & APPAREL - 3.0%
	83,876	*	Arctic Cat, Inc		1,382,276
	108,400	*	Ascena Retail Group, Inc		3,503,488
	36,570		Blyth, Inc		2,313,418
	67,085		Brunswick Corp		1,464,466
	281,933	*	CROCS, Inc		8,832,961
	16,616	*	Deckers Outdoor Corp		1,649,138
	79,453	*	Helen of Troy Ltd		2,562,359
	113,718	*	iRobot Corp		3,975,582
	132,043	*	Jakks Pacific, Inc		2,304,150
	80,577	*	Kenneth Cole Productions, Inc (Class A)		1,028,163
	123,300	*	La-Z-Boy, Inc		1,081,341
	13,000		Polaris Industries, Inc		1,541,150
	43,000		Pool Corp		1,150,250
	298,700	*	Quiksilver, Inc		1,571,162

47

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	63,659		Sturm Ruger & Co, Inc	$	1,739,164
	124,180	*	True Religion Apparel, Inc		4,183,624
	12,401	*	Warnaco Group, Inc		660,973
			TOTAL CONSUMER DURABLES & APPAREL		40,943,665
CONSUMER SERVICES - 3.3%
	45,267	*	American Public Education, Inc		2,062,817
	129,389		Ameristar Casinos, Inc		2,872,436
	7,800		Bob Evans Farms, Inc		269,412
	111,900	*	Bridgepoint Education, Inc		2,770,644
	68,600	*	Buffalo Wild Wings, Inc		4,358,158
	27,585	*	Capella Education Co		1,179,259
	33,900		CBRL Group, Inc		1,529,229
	61,619		CEC Entertainment, Inc		2,384,655
	215,874	*	Cheesecake Factory		6,223,648
	79,900	*	Coinstar, Inc		3,903,914
	72,040	*	Papa John’s International, Inc		2,248,368
	165,666		PF Chang’s China Bistro, Inc		5,455,381
	106,500		Sotheby’s (Class A)		4,510,275
	3,600	*	Steak N Shake Co		1,325,412
	118,200		Texas Roadhouse, Inc (Class A)		1,952,664
	110,221		Universal Technical Institute, Inc		1,906,823
			TOTAL CONSUMER SERVICES		44,953,095
DIVERSIFIED FINANCIALS - 2.5%
	330,700	*	American Capital Ltd		3,197,869
	238,160		BGC Partners, Inc (Class A)		1,950,530
	83,683		Calamos Asset Management, Inc (Class A)		1,139,762
	85,101		Cash America International, Inc		4,762,252
	135,820	*	Dollar Financial Corp		2,935,070
	90,429	*	E*Trade Financial Corp		1,436,013
	93,346		Evercore Partners, Inc (Class A)		2,653,827
	21,331		GAMCO Investors, Inc (Class A)		1,031,780
	41,500		Hercules Technology Growth Capital, Inc		390,100
	134,500	*	Investment Technology Group, Inc		1,636,865
	42,000		iShares Russell 2000 Index Fund		3,345,301
	80,417	*	MF Global Holdings Ltd		592,673
	121,306		Nelnet, Inc (Class A)		2,445,529
	43,600	*	New Mountain Finance Corp		532,356
	118,422	*	PHH Corp		2,221,597
	78,226	*	Piper Jaffray Cos		2,306,102
	38,800		Solar Capital Ltd		893,952
	98,067		Triangle Capital Corp		1,685,772
			TOTAL DIVERSIFIED FINANCIALS		35,157,350
ENERGY - 8.2%
	261,550		Alon USA Energy, Inc		3,180,448
	178,851	*	Basic Energy Services, Inc		5,792,984
	33,135		Berry Petroleum Co (Class A)		1,900,292
	177,200	*	Bill Barrett Corp		8,817,473
	381,889	*	Callon Petroleum Co		2,661,766
	78,006	*	Complete Production Services, Inc		3,032,873

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	68,600	*	CVR Energy, Inc	$	1,841,910
	31,939	*	Dawson Geophysical Co		1,267,659
	159,214		Delek US Holdings, Inc		2,646,137
	163,318	*	Energy Partners Ltd		2,778,039
	201,913	*	Energy XXI Bermuda Ltd		6,624,766
	142,358	*	Green Plains Renewable Energy, Inc		1,558,820
	131,800	*	Helix Energy Solutions Group, Inc		2,580,644
	587,600	*	ION Geophysical Corp		5,958,264
	92,138	*	James River Coal Co		1,746,936
	380,800	*	Key Energy Services, Inc		7,421,792
	50,400	*	Mitcham Industries, Inc		915,264
	720,965	*	Newpark Resources, Inc		6,697,765
	21,574	*	OYO Geospace Corp		2,188,251
	191,700	*	Patriot Coal Corp		3,625,047
	342,801	*	Pioneer Drilling Co		5,577,372
	122,100	*	Resolute Energy Corp		1,989,009
	253,161	*	Stone Energy Corp		8,217,606
	123,600	*	Swift Energy Co		4,709,160
	30,224		Targa Resources Investments, Inc		1,020,362
	52,350	*	Tesco Corp		1,112,961
	400,211	*	Vaalco Energy, Inc		2,665,405
	263,214		W&T Offshore, Inc		7,133,099
	170,800	*	Western Refining, Inc		3,489,444
	14,077	*	Westmoreland Coal Co		216,363
	151,790		World Fuel Services Corp		5,711,858
			TOTAL ENERGY		115,079,769
FOOD & STAPLES RETAILING - 1.7%
	48,020		Andersons, Inc		1,974,102
	9,300		Nash Finch Co		332,940
	144,913	*	Pantry, Inc		2,582,350
	1,518,300	*	Rite Aid Corp		1,973,790
	181,172		Ruddick Corp		7,591,106
	14,100		Spartan Stores, Inc		249,006
	99,540	*	United Natural Foods, Inc		4,155,795
	8,461		Village Super Market (Class A)		227,432
	45,532		Weis Markets, Inc		1,829,931
	382,600	*	Winn-Dixie Stores, Inc		3,435,748
			TOTAL FOOD & STAPLES RETAILING		24,352,200
FOOD, BEVERAGE & TOBACCO - 1.0%
	226,769	*	Alliance One International, Inc		746,070
	36,200		Cal-Maine Foods, Inc		1,223,922
	358,393	*	Chiquita Brands International, Inc		4,243,373
	6,000		Coca-Cola Bottling Co Consolidated		387,120
	85,174	*	Darling International, Inc		1,437,737
	31,552		J&J Snack Foods Corp		1,630,923
	172,510	*	Omega Protein Corp		2,090,821
	53,200		Universal Corp		1,953,504
			TOTAL FOOD, BEVERAGE & TOBACCO		13,713,470

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
HEALTH CARE EQUIPMENT & SERVICES - 7.0%
	228,452	*	Align Technology, Inc	$	5,023,659
	65,003	*	Almost Family, Inc		1,642,626
	153,830	*	Amedisys, Inc		3,978,044
	8,200		Analogic Corp		441,078
	95,895	*	Arthrocare Corp		3,169,330
	19,800	*	athenahealth, Inc		1,164,042
	86,743		Cantel Medical Corp		2,162,503
	25,650	*	Catalyst Health Solutions, Inc		1,680,845
	16,600	*	Conmed Corp		431,600
	215,521	*	Continucare Corp		1,362,093
	5,905	*	Cynosure, Inc (Class A)		76,824
	64,702	*	DynaVox, Inc		426,386
	15,700		Ensign Group, Inc		445,880
	211,911	*	Five Star Quality Care, Inc		1,048,959
	135,949	*	Greatbatch, Inc		3,387,849
	42,698	*	ICU Medical, Inc		1,813,811
	192,101	*	Immucor, Inc		5,090,677
	177,395		Invacare Corp		5,318,302
	46,522	*	Kensey Nash Corp		1,218,876
	260,949	*	Kindred Healthcare, Inc		4,916,279
	148,112	*	Medidata Solutions, Inc		3,025,928
	267,040	*	Molina Healthcare, Inc		6,048,456
	46,000	*	MWI Veterinary Supply, Inc		4,096,760
	278,050	*	NxStage Medical, Inc		5,116,120
	135,370	*	Omnicell, Inc		2,316,181
	122,368	*	OraSure Technologies, Inc		1,125,786
	58,986	*	Orthofix International NV		2,490,979
	116,688		Owens & Minor, Inc		3,558,984
	42,953	*	Providence Service Corp		508,993
	23,900	*	Quidel Corp		357,544
	26,803	*	Sirona Dental Systems, Inc		1,355,696
	60,482	*	SonoSite, Inc		1,975,342
	74,800		STERIS Corp		2,617,252
	229,925	*	Team Health Holdings, Inc		5,060,649
	44,957	*	Triple-S Management Corp (Class B)		969,722
	168,700	*	WellCare Health Plans, Inc		7,397,495
	20,800		West Pharmaceutical Services, Inc		912,496
	165,859	*	Wright Medical Group, Inc		2,594,035
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		96,328,081
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	74,175	*	Central Garden and Pet Co (Class A)		649,773
	49,800	*	Elizabeth Arden, Inc		1,604,556
	61,525		Inter Parfums, Inc		1,232,961
	235,203	*	Medifast, Inc		4,539,417
	70,818		Nu Skin Enterprises, Inc (Class A)		2,658,508
	147,004	*	Prestige Brands Holdings, Inc		1,796,389
	92,895	*	Revlon, Inc (Class A)		1,564,352
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		14,045,956
INSURANCE - 3.1%
	32,000		American Equity Investment Life Holding Co		379,840

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	49,789	*	American Safety Insurance Holdings Ltd	$	933,544
	36,637		Argo Group International Holdings Ltd		1,077,128
	1,064,381	*	Conseco, Inc		7,823,200
	106,556		Crawford & Co (Class B)		765,072
	102,103		FBL Financial Group, Inc (Class A)		3,214,202
	374,831		First American Financial Corp		5,993,548
	236,972		Horace Mann Educators Corp		3,450,312
	7,600		Infinity Property & Casualty Corp		385,092
	134,885		Maiden Holdings Ltd		1,250,384
	128,876		Max Capital Group Ltd		2,808,208
	99,099		Meadowbrook Insurance Group, Inc		931,531
	49,960	*	National Financial Partners Corp		566,047
	62,200		OneBeacon Insurance Group Ltd (Class A)		792,428
	121,200	*	ProAssurance Corp		8,441,580
	62,649		Selective Insurance Group, Inc		1,026,817
	200,400		Symetra Financial Corp		2,517,024
	60,500		Tower Group, Inc		1,383,030
			TOTAL INSURANCE		43,738,987
MATERIALS - 5.4%
	121,665	*	Brush Engineered Materials, Inc		4,637,870
	168,060		Buckeye Technologies, Inc		4,519,133
	236,400	*	Chemtura		4,160,640
	4,761	*	Contango ORE, Inc		71,415
	167,300	*	Ferro Corp		2,178,246
	115,700		H.B. Fuller Co		2,644,902
	52,500		Haynes International, Inc		3,288,600
	780,900	*	Hecla Mining Co		6,067,592
	66,400	*	Innospec, Inc		2,132,768
	1,940		Kaiser Aluminum Corp		108,291
	70,940	*	Metals USA Holdings Corp		1,091,057
	83,846		Minerals Technologies, Inc		5,431,544
	35,570	*	Noranda Aluminium Holding Corp		493,712
	204,400		Olin Corp		4,274,004
	16,537		Olympic Steel, Inc		432,443
	183,794	*	OM Group, Inc		6,668,046
	260,942	*	Omnova Solutions, Inc		1,763,968
	195,300		PAN American Silver Corp		5,894,154
	536,106		PolyOne Corp		8,309,643
	184,400	*	RTI International Metals, Inc		5,913,708
	26,883		Silgan Holdings, Inc		1,042,523
	30,591		Stepan Co		2,425,866
	13,800	*	Universal Stainless & Alloy		616,722
			TOTAL MATERIALS		74,166,847
MEDIA - 0.4%
	52,500		AH Belo Corp (Class A)		336,000
	76,444	*	EW Scripps Co (Class A)		658,947
	51,756	*	Global Sources Ltd		476,673
	229,961	*	Journal Communications, Inc (Class A)		1,140,607
	95,814		Scholastic Corp		2,751,778
			TOTAL MEDIA		5,364,005

51

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.5%
	63,700	*	Acorda Therapeutics, Inc	$	1,809,080
	87,468	*	Affymax, Inc		578,163
	292,400	*	Akorn, Inc		2,026,332
	276,293	*	Alkermes, Inc		4,763,291
	104,733	*	AMAG Pharmaceuticals, Inc		1,551,096
	248,700	*	Ariad Pharmaceuticals, Inc		2,957,043
	201,010	*	Arqule, Inc		1,125,656
	122,300	*	AVEO Pharmaceuticals, Inc		2,337,153
	195,131	*	Caliper Life Sciences, Inc		1,590,318
	321,200	*	Combinatorx, Inc		738,760
	33,800	*	Cornerstone Therapeutics, Inc		255,528
	230,118	*	Cubist Pharmaceuticals, Inc		7,817,108
	8,135	*	Depomed, Inc		61,501
	95,100	*	Dusa Pharmaceuticals, Inc		484,059
	163,038	*	Emergent Biosolutions, Inc		3,366,735
	116,500	*	Enzon Pharmaceuticals, Inc		1,132,380
	61,311	*	Impax Laboratories, Inc		1,298,567
	187,000	*	Incyte Corp		3,261,280
	151,560	*	Jazz Pharmaceuticals, Inc		6,133,633
	204,448	*	Medicines Co		3,062,631
	107,200		Medicis Pharmaceutical Corp (Class A)		3,985,696
	18,406	*	Medivation, Inc		390,575
	290,025	*	Momenta Pharmaceuticals, Inc		5,121,842
	301,277	*	Neurocrine Biosciences, Inc		2,328,871
	105,429	*	NPS Pharmaceuticals, Inc		1,018,444
	74,300	*	Optimer Pharmaceuticals, Inc		786,094
	215,140	*	Par Pharmaceutical Cos, Inc		6,968,385
	73,130	*	Questcor Pharmaceuticals, Inc		2,270,687
	31,510	*	Salix Pharmaceuticals Ltd		1,221,958
	302,578	*	Santarus, Inc		986,404
	105,300	*	Sciclone Pharmaceuticals, Inc		676,026
	262,951	*	Sequenom, Inc		1,856,434
	530,993	*	Spectrum Pharmaceuticals, Inc		5,628,526
	143,681	*	SuperGen, Inc		439,664
	107,870	*	Targacept, Inc		2,204,863
	185,561	*	Vanda Pharmaceuticals, Inc		1,332,328
	391,314	*	Viropharma, Inc		7,074,956
	14,817	*	Xenoport, Inc		105,053
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		90,747,120
REAL ESTATE - 8.2%
	56,197		Agree Realty Corp		1,276,234
	3,472		Alexander’s, Inc		1,392,272
	152,339		Associated Estates Realty Corp		2,764,953
	396,620		CBL & Associates Properties, Inc		7,043,971
	290,200		DuPont Fabros Technology, Inc		7,397,198
	118,700		Entertainment Properties Trust		5,518,363
	105,950		Equity Lifestyle Properties, Inc		6,903,702
	284,300		Equity One, Inc		5,515,420
	255,300		Extra Space Storage, Inc		5,427,678

52

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	149,509		Getty Realty Corp	$	3,468,609
	164,592		Highwoods Properties, Inc		5,666,903
	37,323		Home Properties, Inc		2,445,403
	99,900		Invesco Mortgage Capital, Inc		1,956,042
	48,100		Lexington Corporate Properties Trust		404,040
	144,163		LTC Properties, Inc		3,914,025
	27,371		Mid-America Apartment Communities, Inc		1,937,593
	90,380		National Health Investors, Inc		4,111,386
	331,900		National Retail Properties, Inc		8,327,370
	523,012		Newcastle Investment Corp		3,143,302
	201,752		Omega Healthcare Investors, Inc		3,962,409
	63,156		Parkway Properties, Inc		1,113,440
	155,131		Pennymac Mortgage Investment Trust		2,483,647
	130,294		Potlatch Corp		4,328,367
	86,153		PS Business Parks, Inc		4,894,352
	22,000		Sabra Healthcare REIT, Inc		317,020
	45,170		Saul Centers, Inc		1,781,957
	98,574		Sovran Self Storage, Inc		3,997,176
	69,100		STAG Industrial, Inc		849,239
	55,251		Sun Communities, Inc		2,114,456
	305,242		Tanger Factory Outlet Centers, Inc		8,378,892
	74,169		Urstadt Biddle Properties, Inc (Class A)		1,315,758
	46,336		Washington Real Estate Investment Trust		1,483,679
			TOTAL REAL ESTATE		115,634,856
RETAILING - 3.9%
	110,897	*	1-800-FLOWERS.COM, Inc (Class A)		333,800
	252,090	*	Ann Taylor Stores Corp		6,539,215
	73,300		Bebe Stores, Inc		543,153
	75,064		Bon-Ton Stores, Inc		761,900
	130,912		Cato Corp (Class A)		3,641,972
	57,215	*	Children’s Place Retail Stores, Inc		2,764,629
	34,828	*	Core-Mark Holding Co, Inc		1,296,995
	19,490	*	DSW, Inc (Class A)		1,032,580
	208,100		Express Parent LLC		4,669,764
	306,244		Finish Line, Inc (Class A)		6,522,997
	111,600	*	Hibbett Sports, Inc		4,379,184
	78,300	*	HSN, Inc		2,559,627
	106,400		Nutri/System, Inc		1,589,616
	88,102	*	Overstock.com, Inc		1,118,014
	93,316		PetMed Express, Inc		1,023,677
	676,497	*	Pier 1 Imports, Inc		7,434,702
	66,272	*	Shutterfly, Inc		3,605,197
	825,017	*	Wet Seal, Inc (Class A)		4,034,333
			TOTAL RETAILING		53,851,355
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.7%
	210,439	*	Amkor Technology, Inc		1,121,640
	50,600	*	Amtech Systems, Inc		908,270
	93,887	*	Ceva, Inc		2,837,265
	191,453	*	Cirrus Logic, Inc		2,906,257
	534,078	*	Entegris, Inc		4,577,048

53

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	519,120	*	Entropic Communications, Inc	$	3,467,722
	429,741	*	FSI International, Inc		1,216,167
	502,935	*	GT Solar International, Inc		6,860,032
	557,333	*	Kulicke & Soffa Industries, Inc		5,127,464
	675,894	*	Lattice Semiconductor Corp		4,190,543
	289,032	*	LTX-Credence Corp		2,078,140
	428,390	*	Mindspeed Technologies, Inc		2,917,336
	252,300	*	MIPS Technologies, Inc		1,811,514
	109,091		MKS Instruments, Inc		2,721,820
	155,514	*	Nanometrics, Inc		2,626,631
	113,300	*	Omnivision Technologies, Inc		3,312,892
	376,100	*	Photronics, Inc		2,813,228
	588,170	*	RF Micro Devices, Inc		3,970,148
	498,598	*	Silicon Image, Inc		2,856,967
	104,383	*	Tessera Technologies, Inc		1,639,857
	134,226	*	Veeco Instruments, Inc		5,340,852
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		65,301,793
SOFTWARE & SERVICES - 8.3%
	97,600	*	ACI Worldwide, Inc		3,529,216
	39,600	*	Active Network, Inc		718,740
	975	*	Acxiom Corp		13,397
	146,100	*	Ancestry.com, Inc		5,202,621
	31,400		Blackbaud, Inc		797,560
	113,600	*	BroadSoft, Inc		3,318,256
	55,200	*	CACI International, Inc (Class A)		3,261,216
	174,354	*	Cardtronics, Inc		4,006,655
	194,924	*	Commvault Systems, Inc		7,547,456
	138,335	*	CSG Systems International, Inc		2,456,830
	164,362	*	Demand Media, Inc		1,666,631
	155,667	*	Euronet Worldwide, Inc		2,671,246
	36,800		Forrester Research, Inc		1,162,880
	94,314	*	Fortinet, Inc		1,916,460
	192,200	*	Glu Mobile, Inc		964,844
	104,903		iGate Corp		1,572,496
	38,600	*	Infospace, Inc		367,858
	88,408	*	Interactive Intelligence, Inc		3,360,388
	85,281	*	j2 Global Communications, Inc		2,280,414
	77,200	*	LogMeIn, Inc		2,744,460
	300,754	*	Magma Design Automation, Inc		2,237,610
	103,884	*	Manhattan Associates, Inc		3,874,873
	183,470		MAXIMUS, Inc		7,087,445
	46,300	*	MicroStrategy, Inc (Class A)		7,378,831
	426,100	*	MoneyGram International, Inc		1,431,696
	118,194	*	Netscout Systems, Inc		1,802,459
	23,400	*	OpenTable, Inc		1,658,124
	60,676		Opnet Technologies, Inc		2,081,794
	155,483	*	RightNow Technologies, Inc		5,277,093
	55,564	*	S1 Corp		522,302
	123,067	*	SolarWinds, Inc		2,647,171
	31,560	*	Sourcefire, Inc		775,745
	191,900	*	Take-Two Interactive Software, Inc		2,588,731

54

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	135,200	*	TeleNav, Inc	$	1,356,056
	131,005	*	TeleTech Holdings, Inc		2,592,589
	54,209	*	TIBCO Software, Inc		1,411,602
	29,800	*	Travelzoo, Inc		1,573,440
	191,731	*	Unisys Corp		3,982,253
	279,100		United Online, Inc		1,666,227
	386,620	*	Valueclick, Inc		6,982,357
	199,054	*	Vasco Data Security International		1,926,843
	18,100		VirnetX Holding Corp		550,421
	177,279	*	Websense, Inc		4,020,688
			TOTAL SOFTWARE & SERVICES		114,985,974
TECHNOLOGY HARDWARE & EQUIPMENT - 4.7%
	21,780	*	Acme Packet, Inc		1,283,278
	106,512	*	Agilysys, Inc		1,019,320
	300,292	*	Arris Group, Inc		3,603,504
	250,300	*	Blue Coat Systems, Inc		5,043,545
	261,500	*	Brightpoint, Inc		2,377,035
	85,200		Cognex Corp		2,892,540
	81,555	*	Coherent, Inc		3,917,087
	157,166		Comtech Telecommunications Corp		4,235,624
	46,610		Daktronics, Inc		462,837
	337,850	*	Extreme Networks, Inc		1,145,312
	157,614	*	FEI Co		5,207,567
	73,600	*	Insight Enterprises, Inc		1,238,688
	255,500	*	Kemet Corp		3,117,100
	2,137	*	Loral Space & Communications, Inc		139,503
	82,500	*	Netgear, Inc		2,715,075
	226,471	*	Newport Corp		3,519,359
	75,233	*	Oplink Communications, Inc		1,269,933
	122,864	*	OSI Systems, Inc		5,073,055
	112,372		Plantronics, Inc		3,848,741
	538,173	*	Power-One, Inc		3,880,227
	578,812	*	Powerwave Technologies, Inc		1,256,022
	1,231,983	*	Quantum Corp		3,240,115
	95,278	*	Symmetricom, Inc		540,226
	182,508	*	Synaptics, Inc		4,484,222
	135,000	*	Westell Technologies, Inc		384,750
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		65,894,665
TELECOMMUNICATION SERVICES - 1.3%
	46,200	*	Cbeyond Communications, Inc		518,826
	745,600	*	Cincinnati Bell, Inc		2,579,776
	121,000	*	Cogent Communications Group, Inc		1,823,470
	113,747		IDT Corp (Class B)		2,744,715
	157,100	*	Neutral Tandem, Inc		2,408,343
	142,419		USA Mobility, Inc		2,351,338
	1,378,258	*	Vonage Holdings Corp		5,526,815
			TOTAL TELECOMMUNICATION SERVICES		17,953,283
TRANSPORTATION - 2.8%
	136,338	*	Alaska Air Group, Inc		8,332,979

55

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	42,309	*	Amerco, Inc	$	3,813,733
	114,940	*	Atlas Air Worldwide Holdings, Inc		6,021,707
	284,800	*	Avis Budget Group, Inc		4,303,328
	159,190	*	Celadon Group, Inc		2,177,719
	91,737	*	Dollar Thrifty Automotive Group, Inc		6,608,734
	190,400	*	Excel Maritime Carriers Ltd		491,232
	366,642	*	JetBlue Airways Corp		1,756,215
	156,559	*	US Airways Group, Inc		976,928
	206,500		Werner Enterprises, Inc		4,863,075
			TOTAL TRANSPORTATION		39,345,650
UTILITIES - 3.3%
	291,454		Avista Corp		7,347,555
	41,913		Chesapeake Utilities Corp		1,618,261
	105,787		Empire District Electric Co		2,159,113
	17,712		Idacorp, Inc		694,488
	29,484		Laclede Group, Inc		1,098,279
	8,900		MGE Energy, Inc		365,612
	202,524		PNM Resources, Inc		3,041,910
	316,389		Portland General Electric Co		7,840,119
	169,761		Southwest Gas Corp		6,330,388
	236,300		UIL Holdings Corp		7,545,059
	46,500		Unisource Energy Corp		1,712,130
	174,500		WGL Holdings, Inc		6,772,345
			TOTAL UTILITIES		46,525,259
			TOTAL COMMON STOCKS		1,391,523,021
			(Cost $1,289,446,488)
			TOTAL INVESTMENTS - 99.9%		1,391,523,021
			(Cost $1,289,446,488)
			OTHER ASSETS & LIABILITIES, NET - 0.1%		1,345,696
			NET ASSETS - 100.0%	$	1,392,868,717
			Abbreviation(s):
			REIT   Real Estate Investment Trust
		*	Non-income producing.

56

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.8%
	12,127	*	BorgWarner, Inc	$	965,552
	233,130	*	Ford Motor Co		2,846,518
	15,218		Gentex Corp		431,278
	28,309	*	Goodyear Tire & Rubber Co		457,757
	25,773		Harley-Davidson, Inc		1,118,290
	20,114		Johnson Controls, Inc		743,212
	5,672	*	Tesla Motors, Inc		159,780
	310	*	Visteon Corp		19,437
			TOTAL AUTOMOBILES & COMPONENTS		6,741,824
BANKS - 0.2%
	8,200		Hudson City Bancorp, Inc		67,650
	9,131		People’s United Financial, Inc		115,781
	37,283		Wells Fargo & Co		1,041,687
			TOTAL BANKS		1,225,118
CAPITAL GOODS - 9.8%
	69,579		3M Co		6,063,114
	5,907	*	Aecom Technology Corp		146,139
	275		Alliant Techsystems, Inc		17,938
	17,807		Ametek, Inc		756,798
	211		Armstrong World Industries, Inc		8,335
	13,014	*	Babcock & Wilcox Co		325,090
	10,171	*	BE Aerospace, Inc		404,806
	72,917		Boeing Co		5,138,461
	470		Carlisle Cos, Inc		20,318
	71,667		Caterpillar, Inc		7,079,982
	6,388		Chicago Bridge & Iron Co NV		263,505
	12,632		Cooper Industries plc		660,780
	21,761		Cummins, Inc		2,282,294
	60,821		Danaher Corp		2,986,919
	46,476		Deere & Co		3,648,830
	8,444		Donaldson Co, Inc		467,629
	16,078		Dover Corp		972,237
	14,327		Eaton Corp		686,980
	83,237		Emerson Electric Co		4,086,103
	32,648		Fastenal Co		1,098,606
	5,629		Flowserve Corp		559,410
	19,306		Fluor Corp		1,226,510
	5,522		Gardner Denver, Inc		470,971
	2,387	*	General Cable Corp		94,931
	5,654		Goodrich Corp		537,922
	6,747		Graco, Inc		296,396
	750	*	GrafTech International Ltd		14,445

57

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	537		Harsco Corp	$	14,719
	87,154		Honeywell International, Inc		4,627,877
	8,218		IDEX Corp		340,883
	46,592		Illinois Tool Works, Inc		2,320,282
	29,082		Ingersoll-Rand plc		1,088,248
	11,606		Joy Global, Inc		1,090,036
	1,224		KBR, Inc		43,636
	1,991		Kennametal, Inc		78,505
	5,913		Lennox International, Inc		218,663
	7,335		Lincoln Electric Holdings, Inc		251,004
	27,747		Lockheed Martin Corp		2,101,280
	15,654		Manitowoc Co, Inc		218,999
	39,645		Masco Corp		418,254
	4,589		MSC Industrial Direct Co (Class A)		283,508
	4,668	*	Navistar International Corp		239,515
	6,717		Nordson Corp		342,769
	40,625		Paccar, Inc		1,739,156
	12,941		Pall Corp		641,615
	7,398		Parker Hannifin Corp		584,590
	4,327	*	Polypore International, Inc		294,236
	15,888		Precision Castparts Corp		2,564,005
	15,982		Rockwell Automation, Inc		1,146,868
	17,063		Rockwell Collins, Inc		940,001
	10,444		Roper Industries, Inc		852,544
	1,171		Snap-On, Inc		66,583
	2,382	*	Spirit Aerosystems Holdings, Inc (Class A)		48,807
	1,551		SPX Corp		116,697
	2,339		Textron, Inc		54,101
	843	*	Thomas & Betts Corp		41,122
	8,176		Timken Co		357,046
	3,328		Toro Co		179,146
	5,622		TransDigm Group, Inc		506,374
	96,266		United Technologies Corp		7,974,676
	2,237		Valmont Industries, Inc		217,772
	6,530		W.W. Grainger, Inc		968,856
	7,487	*	WABCO Holdings, Inc		472,055
	1,693	*	WESCO International, Inc		85,818
	5,344		Westinghouse Air Brake Technologies Corp		344,795
			TOTAL CAPITAL GOODS		74,190,490
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	559		Avery Dennison Corp		17,636
	6,338	*	Copart, Inc		275,386
	670		Covanta Holding Corp		11,578
	5,530		Dun & Bradstreet Corp		401,202
	720		Equifax, Inc		24,739
	5,463	*	IHS, Inc (Class A)		402,568
	19,568		Iron Mountain, Inc		618,936
	357	*	KAR Auction Services, Inc		6,347
	7,692	*	Nielsen Holdings NV		230,452
	16,384		Robert Half International, Inc		448,595
	9,769	*	Stericycle, Inc		802,231

58

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	1,322		Towers Watson & Co	$	80,840
	10,618	*	Verisk Analytics, Inc		353,579
	11,476		Waste Connections, Inc		369,986
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		4,044,075
CONSUMER DURABLES & APPAREL - 1.5%
	33,071		Coach, Inc		2,135,064
	4,283	*	Deckers Outdoor Corp		425,088
	5,793	*	Fossil, Inc		728,006
	612		Garmin Ltd		19,970
	10,909	*	Hanesbrands, Inc		332,834
	5,106		Harman International Industries, Inc		212,410
	13,691		Hasbro, Inc		541,616
	11,899		Leggett & Platt, Inc		258,208
	28,602		Mattel, Inc		762,530
	39,363		Nike, Inc (Class B)		3,548,573
	1,212		Phillips-Van Heusen Corp		86,719
	3,586		Polaris Industries, Inc		425,120
	6,955		Polo Ralph Lauren Corp (Class A)		939,412
	7,584	*	Tempur-Pedic International, Inc		546,124
	6,803		Tupperware Corp		425,119
	4,032	*	Under Armour, Inc (Class A)		295,989
			TOTAL CONSUMER DURABLES & APPAREL		11,682,782
CONSUMER SERVICES - 3.5%
	12,905	*	Apollo Group, Inc (Class A)		655,961
	4,841	*	Bally Technologies, Inc		190,881
	8,922		Brinker International, Inc		214,306
	3,453	*	Chipotle Mexican Grill, Inc (Class A)		1,120,775
	328		Choice Hotels International, Inc		10,001
	15,394		Darden Restaurants, Inc		782,015
	6,361		DeVry, Inc		395,273
	19,888		H&R Block, Inc		297,524
	250	*	Hyatt Hotels Corp		9,698
	17,587		International Game Technology		326,942
	3,167	*	ITT Educational Services, Inc		271,317
	43,431	*	Las Vegas Sands Corp		2,049,075
	30,808		Marriott International, Inc (Class A)		1,001,260
	115,045		McDonald’s Corp		9,949,091
	8,642	*	MGM Mirage		130,581
	3,077	*	Panera Bread Co (Class A)		354,809
	8,334	*	Royal Caribbean Cruises Ltd		255,187
	83,006		Starbucks Corp		3,327,710
	21,597		Starwood Hotels & Resorts Worldwide, Inc		1,186,971
	3,503		Weight Watchers International, Inc		270,397
	8,773		Wynn Resorts Ltd		1,348,235
	52,093		Yum! Brands, Inc		2,751,552
			TOTAL CONSUMER SERVICES		26,899,561
DIVERSIFIED FINANCIALS - 2.6%
	4,386	*	Affiliated Managers Group, Inc		457,591
	70,390		American Express Co		3,522,316

59

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	5,040		BlackRock, Inc	$	899,438
	5,822		CBOE Holdings, Inc		134,139
	111,163		Charles Schwab Corp		1,659,664
	5,975		Discover Financial Services		153,020
	13,111		Eaton Vance Corp		351,637
	8,122		Federated Investors, Inc (Class B)		173,567
	16,221		Franklin Resources, Inc		2,059,418
	2,445	*	Green Dot Corp		79,291
	3,063		Greenhill & Co, Inc		134,895
	8,143	*	IntercontinentalExchange, Inc		1,004,033
	67,593		iShares Russell 1000 Growth Index Fund		4,060,988
	12,290		Lazard Ltd (Class A)		412,944
	3,206	*	LPL Investment Holdings, Inc		105,958
	22,522		Moody’s Corp		802,008
	13,309	*	MSCI, Inc (Class A)		472,336
	1,181	*	Nasdaq Stock Market, Inc		28,427
	8,964		NYSE Euronext		299,935
	16,525		SEI Investments Co		326,865
	28,754		T Rowe Price Group, Inc		1,633,227
	25,019		TD Ameritrade Holding Corp		459,349
	9,619		Waddell & Reed Financial, Inc (Class A)		353,017
			TOTAL DIVERSIFIED FINANCIALS		19,584,063
ENERGY - 11.9%
	14,071	*	Alpha Natural Resources, Inc		600,972
	8,372		Anadarko Petroleum Corp		691,192
	12,227		Apache Corp		1,512,724
	2,769		Arch Coal, Inc		70,886
	1,576	*	Atwood Oceanics, Inc		73,599
	19,155		Baker Hughes, Inc		1,482,214
	12,963	*	Brigham Exploration Co		412,223
	11,574		Cabot Oil & Gas Corp		857,402
	20,002	*	Cameron International Corp		1,118,912
	2,299		CARBO Ceramics, Inc		358,805
	12,975		Chevron Corp		1,349,660
	2,932		Cimarex Energy Co		258,368
	12,220	*	Cobalt International Energy, Inc		150,550
	11,559	*	Concho Resources, Inc		1,081,691
	25,094		Consol Energy, Inc		1,345,038
	4,641	*	Continental Resources, Inc		318,326
	5,109		Core Laboratories NV		555,246
	37,075	*	Denbury Resources, Inc		716,289
	3,595		Diamond Offshore Drilling, Inc		243,849
	8,833	*	Dresser-Rand Group, Inc		471,859
	80,145		El Paso Corp		1,646,980
	29,726		EOG Resources, Inc		3,032,052
	6,537		Equitable Resources, Inc		414,969
	16,190		EXCO Resources, Inc		257,583
	404,296	d	Exxon Mobil Corp		32,258,777
	26,687	*	FMC Technologies, Inc		1,216,927
	9,887	*	Forest Oil Corp		257,062
	101,894		Halliburton Co		5,576,659

60

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	9,788		Helmerich & Payne, Inc	$	675,861
	10,565		Holly Corp		796,495
	12,907		Kinder Morgan, Inc		364,365
	3,079	*	Kosmos Energy LLC		46,770
	22,713	*	McDermott International, Inc		458,121
	3,275		Murphy Oil Corp		210,321
	8,590	*	Newfield Exploration Co		579,138
	3,930		Noble Energy, Inc		391,742
	25,925		Occidental Petroleum Corp		2,545,317
	12,017	*	Oceaneering International, Inc		519,134
	4,768	*	Oil States International, Inc		384,778
	1,907		Patterson-UTI Energy, Inc		62,035
	29,976		Peabody Energy Corp		1,722,721
	27,858	*	PetroHawk Energy Corp		1,063,897
	10,490		Pioneer Natural Resources Co		975,465
	15,364		Questar Market Resources, Inc		673,404
	595	*	Quicksilver Resources, Inc		8,419
	17,799		Range Resources Corp		1,159,783
	2,371	*	Rowan Cos, Inc		92,872
	4,756		RPC, Inc		112,337
	45,377	*	SandRidge Energy, Inc		522,743
	150,904		Schlumberger Ltd		13,637,194
	38,669	*	Southwestern Energy Co		1,723,091
	5,695		St. Mary Land & Exploration Co		429,118
	8,814	*	Superior Energy Services		365,693
	370		Tidewater, Inc		20,106
	16,402	*	Ultra Petroleum Corp		767,942
	12,996	*	Whiting Petroleum Corp		761,566
			TOTAL ENERGY		89,401,242
FOOD & STAPLES RETAILING - 2.6%
	471	*	BJ’s Wholesale Club, Inc		23,715
	48,509		Costco Wholesale Corp		3,795,829
	49,830		Kroger Co		1,239,272
	65,311		Sysco Corp		1,997,863
	95,700		Walgreen Co		3,736,128
	149,742		Wal-Mart Stores, Inc		7,892,902
	17,120		Whole Foods Market, Inc		1,141,904
			TOTAL FOOD & STAPLES RETAILING		19,827,613
FOOD, BEVERAGE & TOBACCO - 7.6%
	174,063		Altria Group, Inc		4,577,857
	9,681		Brown-Forman Corp (Class B)		712,134
	4,189		Bunge Ltd		288,245
	14,620		Campbell Soup Co		483,191
	219,708		Coca-Cola Co		14,942,342
	27,569		Coca-Cola Enterprises, Inc		774,965
	5,103		ConAgra Foods, Inc		130,688
	6,824		Corn Products International, Inc		347,273
	24,511		Dr Pepper Snapple Group, Inc		925,535
	12,382		Flowers Foods, Inc		271,413
	53,309		General Mills, Inc		1,991,092

61

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	13,926	*	Green Mountain Coffee Roasters, Inc	$	1,447,608
	20,808		H.J. Heinz Co		1,095,333
	7,752	*	Hansen Natural Corp		593,958
	12,563		Hershey Co		709,056
	8,065		Hormel Foods Corp		233,643
	25,662		Kellogg Co		1,431,426
	10,041		McCormick & Co, Inc		488,495
	4,144		Mead Johnson Nutrition Co		295,757
	175,783		PepsiCo, Inc		11,257,143
	178,987		Philip Morris International, Inc		12,738,504
	11,328		Reynolds American, Inc		398,746
	53,771		Sara Lee Corp		1,027,564
			TOTAL FOOD, BEVERAGE & TOBACCO		57,161,968
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	16,969	*	Allscripts Healthcare Solutions, Inc		307,987
	3,231	*	Amerigroup Corp		177,705
	30,623		AmerisourceBergen Corp		1,173,167
	9,531		Bard (C.R.), Inc		940,519
	56,846		Baxter International, Inc		3,306,731
	24,225		Becton Dickinson & Co		2,025,452
	9,376	*	Brookdale Senior Living, Inc		200,553
	19,416		Cardinal Health, Inc		849,644
	7,741	*	CareFusion Corp		204,285
	4,712	*	Catalyst Health Solutions, Inc		308,777
	15,746	*	Cerner Corp		1,046,952
	1,378		Cooper Cos, Inc		105,403
	29,579		Covidien plc		1,502,317
	10,732	*	DaVita, Inc		896,551
	7,168		Dentsply International, Inc		271,596
	12,753	*	Edwards Lifesciences Corp		909,927
	3,440	*	Emdeon, Inc		53,320
	58,847	*	Express Scripts, Inc		3,193,039
	5,570	*	Gen-Probe, Inc		337,264
	8,786	*	HCA Holdings, Inc		234,410
	27,093	*	Health Management Associates, Inc (Class A)		257,384
	5,896	*	Henry Schein, Inc		391,848
	6,115		Hill-Rom Holdings, Inc		228,028
	6,457	*	Idexx Laboratories, Inc		535,544
	4,365	*	Intuitive Surgical, Inc		1,748,401
	5,554	*	Kinetic Concepts, Inc		371,785
	11,220	*	Laboratory Corp of America Holdings		1,018,327
	10,441		Lincare Holdings, Inc		267,185
	27,923		McKesson Corp		2,265,114
	44,522	*	Medco Health Solutions, Inc		2,799,544
	101,887		Medtronic, Inc		3,673,025
	5,156		Patterson Cos, Inc		159,011
	5,405	*	Pediatrix Medical Group, Inc		368,405
	16,328		Quest Diagnostics, Inc		881,875
	16,502	*	Resmed, Inc		499,846
	6,175	*	Sirona Dental Systems, Inc		312,332
	36,511		St. Jude Medical, Inc		1,697,762

62

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	34,719		Stryker Corp	$	1,886,630
	7,019	*	SXC Health Solutions Corp		443,109
	3,704	*	Tenet Healthcare Corp		20,594
	6,052	*	Thoratec Corp		203,892
	10,006		Universal Health Services, Inc (Class B)		496,698
	13,581	*	Varian Medical Systems, Inc		852,344
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		39,424,282
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	46,895		Avon Products, Inc		1,230,056
	10,279		Church & Dwight Co, Inc		414,655
	870		Clorox Co		62,283
	49,085		Colgate-Palmolive Co		4,141,793
	12,494		Estee Lauder Cos (Class A)		1,310,745
	13,218		Herbalife Ltd		736,507
	38,301		Kimberly-Clark Corp		2,503,353
	21,179		Procter & Gamble Co		1,302,297
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		11,701,689
INSURANCE - 0.0%
	3,064		Erie Indemnity Co (Class A)		225,817
	1,039		Validus Holdings Ltd		27,627
			TOTAL INSURANCE		253,444
MATERIALS - 5.9%
	23,468		Air Products & Chemicals, Inc		2,082,316
	8,925		Airgas, Inc		613,148
	2,402		AK Steel Holding Corp		29,184
	9,907		Albemarle Corp		659,608
	11,755		Allegheny Technologies, Inc		684,023
	9,884	*	Allied Nevada Gold Corp		376,580
	18,608		Ball Corp		721,990
	5,035		Carpenter Technology Corp		289,210
	17,339		Celanese Corp (Series A)		955,899
	6,609		CF Industries Holdings, Inc		1,026,510
	16,234		Cleveland-Cliffs, Inc		1,458,139
	3,739		Compass Minerals International, Inc		294,409
	17,872	*	Crown Holdings, Inc		686,464
	103,386		Du Pont (E.I.) de Nemours & Co		5,316,107
	7,874		Eastman Chemical Co		760,550
	25,990		Ecolab, Inc		1,299,500
	7,946		FMC Corp		695,831
	104,911		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,556,088
	4,152		Huntsman Corp		79,303
	8,694		International Flavors & Fragrances, Inc		531,812
	11,008		International Paper Co		326,938
	5,792	*	Intrepid Potash, Inc		192,584
	2,423		Kronos Worldwide, Inc		75,016
	7,192		Lubrizol Corp		968,043
	2,366		LyondellBasell Industries AF S.C.A		93,362
	2,415		Martin Marietta Materials, Inc		182,622
	6,207	*	Molycorp, Inc		394,951

63

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	59,621		Monsanto Co	$	4,380,951
	30,515	*	Mosaic Co		2,158,021
	13,777		Nalco Holding Co		487,017
	10,209		Packaging Corp of America		272,274
	17,515		PPG Industries, Inc		1,474,763
	33,739		Praxair, Inc		3,496,710
	686		Reliance Steel & Aluminum Co		32,249
	7,672		Rock-Tenn Co (Class A)		471,521
	7,193	*	Rockwood Holdings, Inc		434,961
	6,515		Royal Gold, Inc		417,612
	398		Schnitzer Steel Industries, Inc (Class A)		20,214
	4,868		Scotts Miracle-Gro Co (Class A)		245,639
	9,940		Sherwin-Williams Co		767,070
	13,487		Sigma-Aldrich Corp		904,978
	5,482		Silgan Holdings, Inc		212,592
	13,527	*	Solutia, Inc		290,019
	19,032		Southern Copper Corp (NY)		650,133
	17,654		Steel Dynamics, Inc		275,755
	3,477		Temple-Inland, Inc		104,380
	6,657		Titanium Metals Corp		118,428
	891		Valspar Corp		29,287
	6,900		Walter Energy, Inc		845,733
	460		Westlake Chemical Corp		23,805
	7,313	*	WR Grace & Co		368,868
			TOTAL MATERIALS		44,833,167
MEDIA - 3.2%
	6,015	*	AMC Networks, Inc		223,698
	24,062		Cablevision Systems Corp (Class A)		586,150
	11,469		CBS Corp (Class B)		313,907
	6,409	*	Charter Communications, Inc		346,086
	133,170		Comcast Corp (Class A)		3,198,743
	85,385	*	DIRECTV		4,327,313
	30,855	*	Discovery Communications, Inc (Class A)		1,228,029
	16,640		DISH Network Corp (Class A)		493,043
	21,762		Interpublic Group of Cos, Inc		213,485
	4,818		John Wiley & Sons, Inc (Class A)		241,189
	2,155	*	Lamar Advertising Co (Class A)		54,866
	27,158	*	Liberty Global, Inc (Class A)		1,135,204
	27,772		McGraw-Hill Cos, Inc		1,155,315
	2,857		Morningstar, Inc		178,163
	31,125		Omnicom Group, Inc		1,460,385
	1,676		Regal Entertainment Group (Class A)		21,436
	10,364		Scripps Networks Interactive (Class A)		480,268
	439,932	*	Sirius XM Radio, Inc		928,257
	19,652		Thomson Corp		676,618
	37,629		Time Warner Cable, Inc		2,758,582
	65,370		Viacom, Inc (Class B)		3,165,215
	35,128		Virgin Media, Inc		929,487
			TOTAL MEDIA		24,115,439

64

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.5%
	162,260		Abbott Laboratories	$	8,327,184
	38,545	*	Agilent Technologies, Inc		1,625,056
	20,440	*	Alexion Pharmaceuticals, Inc		1,160,992
	33,755		Allergan, Inc		2,744,619
	17,012	*	Amylin Pharmaceuticals, Inc		202,613
	26,761	*	Biogen Idec, Inc		2,726,143
	12,281	*	BioMarin Pharmaceuticals, Inc		383,536
	9,380	*	Bruker BioSciences Corp		161,524
	51,187	*	Celgene Corp		3,035,389
	5,713	*	Charles River Laboratories International, Inc		225,949
	6,452	*	Covance, Inc		369,377
	16,336	*	Dendreon Corp		602,798
	37,677		Eli Lilly & Co		1,443,029
	12,901	*	Endo Pharmaceuticals Holdings, Inc		480,562
	86,941	*	Gilead Sciences, Inc		3,682,820
	15,595	*	Hospira, Inc		797,216
	20,750	*	Human Genome Sciences, Inc		435,958
	13,915	*	Illumina, Inc		868,992
	62,207		Johnson & Johnson		4,030,392
	1,959	*	Life Technologies Corp		88,214
	3,668	*	Mettler-Toledo International, Inc		567,843
	44,035	*	Mylan Laboratories, Inc		1,003,117
	9,751	*	Myriad Genetics, Inc		207,404
	9,193		Perrigo Co		830,220
	11,006		Pharmaceutical Product Development, Inc		317,303
	4,355	*	Pharmasset, Inc		528,610
	8,268	*	Regeneron Pharmaceuticals, Inc		438,700
	4,340		Techne Corp		328,929
	5,727	*	United Therapeutics Corp		328,615
	20,582	*	Vertex Pharmaceuticals, Inc		1,067,383
	17,116		Warner Chilcott plc		359,778
	10,019	*	Waters Corp		880,570
	13,207	*	Watson Pharmaceuticals, Inc		886,586
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		41,137,421
REAL ESTATE - 1.6%
	8,978		Apartment Investment & Management Co (Class A)		245,099
	13,237		Boston Properties, Inc		1,421,124
	5,598		Camden Property Trust		375,458
	32,342	*	CB Richard Ellis Group, Inc (Class A)		705,055
	2,474		Corporate Office Properties Trust		76,867
	10,538		Digital Realty Trust, Inc		645,031
	2,385		Equity Residential		147,441
	2,011		Essex Property Trust, Inc		282,264
	5,209		Federal Realty Investment Trust		454,954
	3,864		Jones Lang LaSalle, Inc		328,904
	5,188		Macerich Co		275,638
	10,811		Plum Creek Timber Co, Inc		413,196
	14,903		Public Storage, Inc		1,782,846
	8,985		Rayonier, Inc		579,083
	26,790		Simon Property Group, Inc		3,228,464
	953		UDR, Inc		25,073

65

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	17,036		Ventas, Inc	$	922,159
	2,247		Vornado Realty Trust		210,207
	17,283		Weyerhaeuser Co		345,487
			TOTAL REAL ESTATE		12,464,350
RETAILING - 4.8%
	6,454		Aaron’s, Inc		162,705
	8,360		Abercrombie & Fitch Co (Class A)		611,283
	9,182		Advance Auto Parts, Inc		504,735
	40,418	*	Amazon.com, Inc		8,993,813
	2,025	*	Autonation, Inc		76,160
	2,952	*	Autozone, Inc		842,648
	27,928	*	Bed Bath & Beyond, Inc		1,633,509
	3,027	*	Big Lots, Inc		105,430
	4,511	*	Carmax, Inc		144,217
	13,659		Chico’s FAS, Inc		206,114
	9,699	*	Dick’s Sporting Goods, Inc		358,863
	10,963	*	Dollar General Corp		344,896
	14,071	*	Dollar Tree, Inc		931,922
	2,212	*	DSW, Inc (Class A)		117,192
	12,607		Expedia, Inc		399,516
	13,893		Family Dollar Stores, Inc		737,857
	4,758		Genuine Parts Co		252,935
	7,321		Guess ?, Inc		279,077
	106,717		Home Depot, Inc		3,727,624
	27,161		Kohl’s Corp		1,485,979
	29,159		Limited Brands, Inc		1,103,960
	16,023	*	LKQ Corp		393,685
	5,944		Macy’s, Inc		171,603
	5,817	*	NetFlix, Inc		1,547,264
	18,220		Nordstrom, Inc		913,915
	15,347	*	O’Reilly Automotive, Inc		913,147
	12,816		Petsmart, Inc		551,344
	5,555	*	Priceline.com, Inc		2,986,646
	13,488		Ross Stores, Inc		1,021,986
	9,720	*	Sally Beauty Holdings, Inc		167,184
	4,048		Target Corp		208,432
	14,224		Tiffany & Co		1,132,088
	42,461		TJX Companies, Inc		2,348,093
	8,039		Tractor Supply Co		529,931
	5,019	*	Ulta Salon Cosmetics & Fragrance, Inc		316,348
	13,300	*	Urban Outfitters, Inc		432,782
	6,443		Williams-Sonoma, Inc		238,520
			TOTAL RETAILING		36,893,403
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%
	68,049	*	Advanced Micro Devices, Inc		499,480
	35,801		Altera Corp		1,463,545
	33,308		Analog Devices, Inc		1,145,795
	11,845		Applied Materials, Inc		145,930
	46,720	*	Atmel Corp		565,312
	21,188		Avago Technologies Ltd		712,552

66

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	59,367		Broadcom Corp (Class A)	$	2,200,735
	1,339	*	Cree, Inc		44,000
	19,669		Cypress Semiconductor Corp		404,788
	6,595	*	First Solar, Inc		779,727
	2,983	*	Freescale Semiconductor Holdings Ltd		48,712
	6,920		Intersil Corp (Class A)		83,386
	14,365		Kla-Tencor Corp		572,014
	13,678	*	Lam Research Corp		559,157
	25,213		Linear Technology Corp		738,741
	20,233	*	LSI Logic Corp		148,915
	32,589		Maxim Integrated Products, Inc		748,243
	15,134	*	MEMC Electronic Materials, Inc		112,294
	21,089		Microchip Technology, Inc		711,754
	26,260		National Semiconductor Corp		649,147
	66,460	*	Nvidia Corp		919,142
	49,780	*	ON Semiconductor Corp		432,588
	1,080	*	PMC - Sierra, Inc		7,549
	4,855	*	Silicon Laboratories, Inc		171,916
	20,312	*	Skyworks Solutions, Inc		514,097
	81,663		Texas Instruments, Inc		2,429,474
	8,640	*	Varian Semiconductor Equipment Associates, Inc		524,794
	29,408		Xilinx, Inc		943,997
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		18,277,784
SOFTWARE & SERVICES - 16.1%
	71,980		Accenture plc		4,256,897
	57,061	*	Adobe Systems, Inc		1,581,731
	19,301	*	Akamai Technologies, Inc		467,470
	5,861	*	Alliance Data Systems Corp		576,371
	9,831	*	Ansys, Inc		497,449
	10,701	*	Ariba, Inc		353,882
	25,022	*	Autodesk, Inc		860,757
	55,813		Automatic Data Processing, Inc		2,873,811
	19,929	*	BMC Software, Inc		861,331
	1,052	*	Booz Allen Hamilton Holding Co		19,136
	11,638		Broadridge Financial Solutions, Inc		268,372
	29,782	*	Cadence Design Systems, Inc		307,648
	20,817	*	Citrix Systems, Inc		1,499,657
	33,692	*	Cognizant Technology Solutions Corp (Class A)		2,354,060
	17,730	*	Compuware Corp		171,272
	835		DST Systems, Inc		42,744
	69,678	*	eBay, Inc		2,281,955
	36,830	*	Electronic Arts, Inc		819,468
	5,200	*	Equinix, Inc		543,244
	5,067		Factset Research Systems, Inc		466,620
	12,742	*	Fiserv, Inc		769,107
	1,989	*	FleetCor Technologies, Inc		58,954
	13,273	*	Fortinet, Inc		269,707
	10,771	*	Gartner, Inc		397,558
	10,831	*	Genpact Ltd		178,712
	8,946		Global Payments, Inc		424,130
	27,972	*	Google, Inc (Class A)		16,886,416

67

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	11,596	*	Informatica Corp	$	592,903
	134,697		International Business Machines Corp		24,494,649
	33,505	*	Intuit, Inc		1,564,684
	10,451		Lender Processing Services, Inc		196,792
	999	*	LinkedIn Corp		100,929
	11,974		Mastercard, Inc (Class A)		3,631,116
	8,923	*	Micros Systems, Inc		436,959
	824,535		Microsoft Corp		22,592,258
	7,605	*	NeuStar, Inc (Class A)		198,034
	26,470	*	Nuance Communications, Inc		529,665
	427,125		Oracle Corp		13,061,483
	34,010		Paychex, Inc		960,102
	11,403	*	Rackspace Hosting, Inc		456,120
	21,383	*	Red Hat, Inc		899,797
	12,585	*	Rovi Corp		666,627
	10,404	*	SAIC, Inc		166,776
	14,827	*	Salesforce.com, Inc		2,145,615
	7,684		Solera Holdings, Inc		429,382
	83,654	*	Symantec Corp		1,594,445
	1,222	*	Synopsys, Inc		29,291
	18,698	*	Teradata Corp		1,027,642
	18,386	*	TIBCO Software, Inc		478,771
	9,889	*	VeriFone Systems, Inc		389,330
	19,098		VeriSign, Inc		596,049
	18,702		Visa, Inc (Class A)		1,599,769
	4,403	*	VistaPrint Ltd		117,560
	9,383	*	VMware, Inc (Class A)		941,490
	6,659	*	WebMD Health Corp (Class A)		234,730
	71,735		Western Union Co		1,392,376
			TOTAL SOFTWARE & SERVICES		121,613,803
TECHNOLOGY HARDWARE & EQUIPMENT - 9.1%
	5,924	*	Acme Packet, Inc		349,042
	19,505		Amphenol Corp (Class A)		953,600
	102,803	*	Apple, Inc		40,142,515
	1,357	*	Arrow Electronics, Inc		47,156
	10,517	*	Ciena Corp		162,593
	134,519	*	Dell, Inc		2,184,589
	5,542	*	Dolby Laboratories, Inc (Class A)		234,759
	228,941	*	EMC Corp		5,970,781
	9,068	*	F5 Networks, Inc		847,677
	17,676		Flir Systems, Inc		485,383
	4,154		Harris Corp		165,620
	3,053	*	IPG Photonics Corp		183,760
	17,624		Jabil Circuit, Inc		322,695
	24,218	*	JDS Uniphase Corp		318,467
	59,026	*	Juniper Networks, Inc		1,380,618
	10,162		National Instruments Corp		262,586
	15,599	*	NCR Corp		311,200
	40,744	*	NetApp, Inc		1,936,155
	19,643	*	Polycom, Inc		530,950
	10,643	*	QLogic Corp		161,454

68

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	185,667		Qualcomm, Inc	$	10,170,838
	16,995	*	Riverbed Technology, Inc		486,567
	12,973	*	Trimble Navigation Ltd		461,579
	6,045	*	Zebra Technologies Corp (Class A)		241,800
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		68,312,384
TELECOMMUNICATION SERVICES - 1.1%
	44,458	*	American Tower Corp (Class A)		2,335,379
	17,295	*	Clearwire Corp (Class A)		37,530
	32,260	*	Crown Castle International Corp		1,400,084
	30,763	*	MetroPCS Communications, Inc		500,822
	16,501	*	NII Holdings, Inc (Class B)		698,817
	12,605	*	SBA Communications Corp (Class A)		481,133
	15,009	*	tw telecom inc (Class A)		296,428
	70,815		Verizon Communications, Inc		2,499,061
	30,849		Windstream Corp		376,666
			TOTAL TELECOMMUNICATION SERVICES		8,625,920
TRANSPORTATION - 2.1%
	17,845	*	AMR Corp		75,663
	18,239		CH Robinson Worldwide, Inc		1,318,862
	454		Con-Way, Inc		16,625
	2,803		Copa Holdings S.A. (Class A)		183,905
	122,129		CSX Corp		3,000,710
	56,315	*	Delta Air Lines, Inc		444,325
	23,076		Expeditors International Washington, Inc		1,101,187
	2,174		FedEx Corp		188,877
	27,091	*	Hertz Global Holdings, Inc		381,170
	10,115		J.B. Hunt Transport Services, Inc		457,603
	9,117	*	Kansas City Southern Industries, Inc		541,094
	4,210	*	Kirby Corp		245,527
	6,005		Landstar System, Inc		269,324
	14,726		Southwest Airlines Co		146,671
	31,987	*	UAL Corp		579,604
	9,135		Union Pacific Corp		936,155
	81,768		United Parcel Service, Inc (Class B)		5,659,981
	10,272		UTI Worldwide, Inc		166,098
			TOTAL TRANSPORTATION		15,713,381
UTILITIES - 0.1%
	1,568		Aqua America, Inc		33,163
	5,652		ITC Holdings Corp		397,110
	1,342		National Fuel Gas Co		97,134
	892		Oneok, Inc		64,929
			TOTAL UTILITIES		592,336
			TOTAL COMMON STOCKS		754,717,539
			(Cost $614,107,698)
			TOTAL INVESTMENTS - 99.7%		754,717,539
			(Cost $614,107,698)
			OTHER ASSETS & LIABILITIES, NET - 0.3%		2,144,215
			NET ASSETS - 100.0%	$	756,861,754
		*	Non-income producing.
		d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures contracts.

69

TIAA-CREF FUNDS - Large-Cap Value Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.2%
	10,559		Autoliv, Inc	$	698,583
	2,408	*	Federal Mogul Corp (Class A)		46,161
	194,174	*	Ford Motor Co		2,370,865
	90,200	*	General Motors Co		2,496,735
	60,139		Johnson Controls, Inc		2,222,137
	12,296		Lear Corp		602,504
	5,301		Thor Industries, Inc		131,094
	12,175	*	TRW Automotive Holdings Corp		614,472
	5,786	*	Visteon Corp		362,782
			TOTAL AUTOMOBILES & COMPONENTS		9,545,333
BANKS - 5.2%
	20,925		Associated Banc-Corp		285,626
	5,289		Bank of Hawaii Corp		237,000
	3,584		BankUnited		89,277
	82,672		BB&T Corp		2,123,017
	3,076		BOK Financial Corp		167,519
	39,058		CapitalSource, Inc		252,315
	18,996		Capitol Federal Financial		217,314
	23,691	*	CIT Group, Inc		941,480
	5,355		City National Corp		287,456
	23,196		Comerica, Inc		742,968
	8,465		Commerce Bancshares, Inc		346,303
	6,159		Cullen/Frost Bankers, Inc		331,847
	18,109		East West Bancorp, Inc		336,103
	108,815		Fifth Third Bancorp		1,376,510
	651		First Citizens Bancshares, Inc (Class A)		117,258
	32,206		First Horizon National Corp		289,532
	36,313		First Niagara Financial Group, Inc		444,834
	8,701	*	First Republic Bank		246,412
	24,793		Fulton Financial Corp		251,649
	51,030		Hudson City Bancorp, Inc		420,998
	103,531		Huntington Bancshares, Inc		625,845
	112,098		Keycorp		901,268
	14,765		M&T Bank Corp		1,273,334
	52,427		New York Community Bancorp, Inc		709,338
	35,782		People’s United Financial, Inc		453,716
	62,485		PNC Financial Services Group, Inc		3,392,311
	119,147	*	Popular, Inc		285,953
	150,641		Regions Financial Corp		917,404
	63,554		SunTrust Banks, Inc		1,556,437
	88,523		Synovus Financial Corp		161,997
	19,253		TCF Financial Corp		244,898
	9,710	*	TFS Financial Corp		91,662

70

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	228,615		US Bancorp	$	5,957,707
	19,967		Valley National Bancorp		262,566
	13,271		Washington Federal, Inc		224,413
	542,809		Wells Fargo & Co		15,166,084
	22,276		Zions Bancorporation		487,844
			TOTAL BANKS		42,218,195
CAPITAL GOODS - 6.6%
	9,764		3M Co		850,835
	7,878	*	Aecom Technology Corp		194,902
	11,370	*	AGCO Corp		539,165
	4,178	*	Air Lease Corp		102,069
	3,499		Alliant Techsystems, Inc		228,240
	2,221		Armstrong World Industries, Inc		87,730
	635	*	BE Aerospace, Inc		25,273
	9,835		Boeing Co		693,072
	6,561		Carlisle Cos, Inc		283,632
	5,055		Chicago Bridge & Iron Co NV		208,519
	2,883	*	CNH Global NV		109,958
	6,839		Cooper Industries plc		357,748
	5,737		Crane Co		265,738
	4,967		Dover Corp		300,354
	25,391		Eaton Corp		1,217,498
	668		Flowserve Corp		66,386
	5,238		GATX Corp		206,534
	2,598	*	General Cable Corp		103,322
	39,421		General Dynamics Corp		2,686,148
	1,258,456		General Electric Co		22,538,947
	8,847		Goodrich Corp		841,704
	14,561	*	GrafTech International Ltd		280,445
	9,115		Harsco Corp		249,842
	7,218		Hubbell, Inc (Class B)		429,255
	5,842	*	Huntington Ingalls		195,590
	1,074		IDEX Corp		44,550
	3,528		Illinois Tool Works, Inc		175,694
	8,290		Ingersoll-Rand plc		310,212
	22,062		ITT Industries, Inc		1,176,787
	15,016	*	Jacobs Engineering Group, Inc		587,726
	16,838		KBR, Inc		600,275
	8,662		Kennametal, Inc		341,543
	12,619		L-3 Communications Holdings, Inc		998,415
	3,875		Lincoln Electric Holdings, Inc		132,603
	4,163		Lockheed Martin Corp		315,264
	3,967	*	Navistar International Corp		203,547
	32,888		Northrop Grumman Corp		1,990,053
	10,830	*	Oshkosh Truck Corp		268,801
	14,846	*	Owens Corning, Inc		528,220
	11,401		Parker Hannifin Corp		900,907
	11,756		Pentair, Inc		432,738
	25,743	*	Quanta Services, Inc		476,760
	42,299		Raytheon Co		1,892,034
	4,637		Regal-Beloit Corp		281,141

71

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	8,542	*	Shaw Group, Inc	$	221,067
	5,734		Snap-On, Inc		326,035
	10,602	*	Spirit Aerosystems Holdings, Inc (Class A)		217,235
	4,436		SPX Corp		333,765
	19,996		Stanley Works		1,315,137
	12,964	*	Terex Corp		287,930
	31,226		Textron, Inc		722,257
	4,792	*	Thomas & Betts Corp		233,754
	1,635		Timken Co		71,400
	9,480		Trinity Industries, Inc		282,409
	55,728		Tyco International Ltd		2,468,193
	5,726		United Technologies Corp		474,342
	9,417	*	URS Corp		384,496
	2,784	*	WESCO International, Inc		141,121
			TOTAL CAPITAL GOODS		52,199,317
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	12,184		Avery Dennison Corp		384,405
	15,197		Cintas Corp		494,662
	12,700	*	Corrections Corp of America		272,542
	13,277		Covanta Holding Corp		229,427
	13,958		Equifax, Inc		479,597
	2,358	*	KAR Auction Services, Inc		41,925
	9,914		Manpower, Inc		500,855
	1,347	*	Nielsen Holdings NV		40,356
	21,932		Pitney Bowes, Inc		472,635
	24,628		R.R. Donnelley & Sons Co		463,253
	38,088		Republic Services, Inc		1,105,695
	5,427		Towers Watson & Co		331,861
	2,276	*	Verisk Analytics, Inc		75,791
	1,174		Waste Connections, Inc		37,850
	56,235		Waste Management, Inc		1,770,839
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,701,693
CONSUMER DURABLES & APPAREL - 0.9%
	33,795		DR Horton, Inc		401,485
	18,567		Fortune Brands, Inc		1,117,919
	11,969		Garmin Ltd		390,548
	2,906		Harman International Industries, Inc		120,890
	11,198		Jarden Corp		347,026
	4,270		Leggett & Platt, Inc		92,659
	19,886		Lennar Corp (Class A)		351,783
	10,893		Mattel, Inc		290,407
	6,726	*	Mohawk Industries, Inc		349,954
	35,115		Newell Rubbermaid, Inc		544,985
	635	*	NVR, Inc		431,857
	6,002		Phillips-Van Heusen Corp		429,443
	38,834	*	Pulte Homes, Inc		266,790
	17,749	*	Toll Brothers, Inc		354,270
	10,237		VF Corp		1,195,682
	9,093		Whirlpool Corp		629,508
			TOTAL CONSUMER DURABLES & APPAREL		7,315,206

72

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 0.7%
	643		Brinker International, Inc	$	15,445
	7,296	*	Career Education Corp		165,546
	50,615		Carnival Corp		1,685,479
	2,971		Choice Hotels International, Inc		90,586
	1,543		DeVry, Inc		95,882
	4,061	*	Education Management Corp		90,601
	14,464		H&R Block, Inc		216,381
	5,033	*	Hyatt Hotels Corp		195,230
	17,451		International Game Technology		324,414
	32,057	*	MGM Mirage		484,381
	8,030	*	Penn National Gaming, Inc		336,698
	7,361	*	Royal Caribbean Cruises Ltd		225,394
	28,592		Service Corp International		299,359
	35,713		Wendy’s		188,208
	6,872	*	WMS Industries, Inc		189,461
	20,150		Wyndham Worldwide Corp		696,988
			TOTAL CONSUMER SERVICES		5,300,053
DIVERSIFIED FINANCIALS - 10.4%
	1,786	*	Affiliated Managers Group, Inc		186,333
	41,218	*	American Capital Ltd		398,578
	49,252		American Express Co		2,464,570
	28,757		Ameriprise Financial, Inc		1,555,754
	24,560		Ares Capital Corp		396,398
	1,202,411		Bank of America Corp		11,675,411
	147,427		Bank of New York Mellon Corp		3,701,892
	5,463		BlackRock, Inc		974,927
	54,530		Capital One Financial Corp		2,606,534
	344,907		Citigroup, Inc		13,223,734
	7,939		CME Group, Inc		2,295,879
	58,325		Discover Financial Services		1,493,703
	30,588	*	E*Trade Financial Corp		485,737
	1,968		Federated Investors, Inc (Class B)		42,056
	61,468		Goldman Sachs Group, Inc		8,296,336
	4,105		Interactive Brokers Group, Inc (Class A)		62,150
	54,854		Invesco Ltd		1,216,662
	28,000		iShares Russell 1000 Value Index Fund		1,836,800
	21,690		Janus Capital Group, Inc		183,064
	15,900		Jefferies Group, Inc		300,669
	471,576		JPMorgan Chase & Co		19,075,250
	18,053		Legg Mason, Inc		531,119
	23,690		Leucadia National Corp		797,642
	237	*	LPL Investment Holdings, Inc		7,833
	183,291		Morgan Stanley		4,078,225
	12,780	*	Nasdaq Stock Market, Inc		307,615
	25,813		Northern Trust Corp		1,159,133
	21,451		NYSE Euronext		717,750
	12,158		Raymond James Financial, Inc		386,138
	62,227		SLM Corp		970,119
	59,868		State Street Corp		2,482,726
			TOTAL DIVERSIFIED FINANCIALS		83,910,737

73

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
ENERGY - 12.9%
	11,518	*	Alpha Natural Resources, Inc	$	491,934
	50,073		Anadarko Petroleum Corp		4,134,027
	32,424		Apache Corp		4,011,497
	22,346		Arch Coal, Inc		572,058
	4,444	*	Atwood Oceanics, Inc		207,535
	31,056		Baker Hughes, Inc		2,403,113
	7,725	*	Cameron International Corp		432,137
	78,122		Chesapeake Energy Corp		2,683,491
	224,951		Chevron Corp		23,399,402
	7,326		Cimarex Energy Co		645,567
	1,007	*	Cobalt International Energy, Inc		12,406
	167,794		ConocoPhillips		12,079,490
	8,025	*	Denbury Resources, Inc		155,043
	50,206	*	Devon Energy Corp		3,951,212
	4,056		Diamond Offshore Drilling, Inc		275,118
	5,455		El Paso Corp		112,100
	8,645		Energen Corp		508,412
	9,803		Equitable Resources, Inc		622,294
	1,492		EXCO Resources, Inc		23,738
	153,190		Exxon Mobil Corp		12,223,030
	2,969	*	Forest Oil Corp		77,194
	836		Helmerich & Payne, Inc		57,726
	36,062		Hess Corp		2,472,411
	6,503		Kinder Morgan, Inc		183,580
	500	*	Kosmos Energy LLC		7,595
	84,503		Marathon Oil Corp		2,617,058
	42,251	*	Marathon Petroleum Corp		1,850,171
	3,501	*	McDermott International, Inc		70,615
	19,340		Murphy Oil Corp		1,242,015
	34,249	*	Nabors Industries Ltd		904,516
	50,315		National Oilwell Varco, Inc		4,053,880
	6,629	*	Newfield Exploration Co		446,927
	16,703		Noble Energy, Inc		1,664,955
	68,699		Occidental Petroleum Corp		6,744,868
	777	*	Oil States International, Inc		62,704
	16,468		Patterson-UTI Energy, Inc		535,704
	6,266	*	PetroHawk Energy Corp		239,299
	2,647		Pioneer Natural Resources Co		246,145
	16,493	*	Plains Exploration & Production Co		643,392
	4,552		Questar Market Resources, Inc		199,514
	13,189	*	Quicksilver Resources, Inc		186,624
	12,755	*	Rowan Cos, Inc		499,613
	2,606		SEACOR Holdings, Inc		261,538
	14,774		Southern Union Co		635,282
	77,207		Spectra Energy Corp		2,086,133
	1,544		St. Mary Land & Exploration Co		116,340
	14,573		Sunoco, Inc		592,392
	5,040		Teekay Corp		139,860
	16,995	*	Tesoro Corp		412,809

74

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	5,826		Tidewater, Inc	$	316,585
	4,875	*	Unit Corp		292,549
	67,697		Valero Energy Corp		1,700,549
	69,832		Williams Cos, Inc		2,213,674
			TOTAL ENERGY		102,717,821
FOOD & STAPLES RETAILING - 1.3%
	5,654	*	BJ’s Wholesale Club, Inc		284,679
	160,939		CVS Corp		5,850,133
	18,254		Kroger Co		453,977
	41,726		Safeway, Inc		841,613
	24,653		Supervalu, Inc		212,016
	6,071		Walgreen Co		237,012
	50,548		Wal-Mart Stores, Inc		2,664,385
			TOTAL FOOD & STAPLES RETAILING		10,543,815
FOOD, BEVERAGE & TOBACCO - 3.2%
	63,144		Altria Group, Inc		1,660,687
	75,767		Archer Daniels Midland Co		2,301,801
	1,510		Brown-Forman Corp (Class B)		111,076
	12,810		Bunge Ltd		881,456
	5,171		Campbell Soup Co		170,902
	9,120		Coca-Cola Enterprises, Inc		256,363
	42,822		ConAgra Foods, Inc		1,096,671
	21,459	*	Constellation Brands, Inc (Class A)		437,549
	1,763		Corn Products International, Inc		89,719
	21,075	*	Dean Foods Co		232,247
	18,433		General Mills, Inc		688,473
	15,739		H.J. Heinz Co		828,501
	4,626		Hershey Co		261,091
	7,729		Hormel Foods Corp		223,909
	13,706		J.M. Smucker Co		1,067,972
	1,916		Kellogg Co		106,874
	196,155		Kraft Foods, Inc (Class A)		6,743,809
	17,021		Lorillard, Inc		1,807,971
	5,024		McCormick & Co, Inc		244,418
	19,705		Mead Johnson Nutrition Co		1,406,346
	16,092		Molson Coors Brewing Co (Class B)		724,944
	19,948		Philip Morris International, Inc		1,419,699
	6,506	*	Ralcorp Holdings, Inc		562,769
	27,525		Reynolds American, Inc		968,880
	11,931		Sara Lee Corp		228,001
	19,585	*	Smithfield Foods, Inc		431,262
	35,677		Tyson Foods, Inc (Class A)		626,488
			TOTAL FOOD, BEVERAGE & TOBACCO		25,579,878
HEALTH CARE EQUIPMENT & SERVICES - 3.2%
	45,045		Aetna, Inc		1,868,917
	3,522	*	Allscripts Healthcare Solutions, Inc		63,924
	1,600	*	Amerigroup Corp		88,000
	6,541		Baxter International, Inc		380,490
	183,176	*	Boston Scientific Corp		1,311,540

75

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	1,041	*	Brookdale Senior Living, Inc	$	22,267
	20,823		Cardinal Health, Inc		911,214
	18,516	*	CareFusion Corp		488,637
	32,198		Cigna Corp		1,602,494
	11,379	*	Community Health Systems, Inc		294,033
	4,043		Cooper Cos, Inc		309,249
	17,326	*	Coventry Health Care, Inc		554,432
	27,496		Covidien plc		1,396,523
	9,980		Dentsply International, Inc		378,142
	3,105	*	Emdeon, Inc		48,128
	6,191	*	HCA Holdings, Inc		165,176
	10,891	*	Health Net, Inc		306,255
	5,211	*	Henry Schein, Inc		346,323
	791		Hill-Rom Holdings, Inc		29,496
	31,360	*	Hologic, Inc		582,355
	19,984		Humana, Inc		1,490,407
	10,498	*	Inverness Medical Innovations, Inc		309,586
	1,645	*	Kinetic Concepts, Inc		110,116
	6,142	*	LifePoint Hospitals, Inc		227,868
	17,432		Medtronic, Inc		628,424
	14,072		Omnicare, Inc		429,196
	7,451		Patterson Cos, Inc		229,789
	1,414		Quest Diagnostics, Inc		76,370
	4,710		Teleflex, Inc		283,683
	55,117	*	Tenet Healthcare Corp		306,451
	128,565		UnitedHealth Group, Inc		6,380,681
	10,275	*	VCA Antech, Inc		200,774
	43,606		WellPoint, Inc		2,945,585
	22,831	*	Zimmer Holdings, Inc		1,370,317
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		26,136,842
HOUSEHOLD & PERSONAL PRODUCTS - 2.7%
	6,934		Church & Dwight Co, Inc		279,718
	14,740		Clorox Co		1,055,237
	5,539		Colgate-Palmolive Co		467,381
	8,359	*	Energizer Holdings, Inc		674,070
	5,536		Kimberly-Clark Corp		361,833
	309,043		Procter & Gamble Co		19,003,053
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		21,841,292
INSURANCE - 7.5%
	40,043		ACE Ltd		2,682,080
	55,562		Aflac, Inc		2,559,186
	692	*	Alleghany Corp		227,952
	4,573		Allied World Assurance Co Holdings Ltd		249,000
	62,089		Allstate Corp		1,721,107
	9,596		American Financial Group, Inc		326,072
	52,367	*	American International Group, Inc		1,502,933
	752		American National Insurance Co		56,355
	39,122		AON Corp		1,882,551
	15,323	*	Arch Capital Group Ltd		517,917
	13,236		Arthur J. Gallagher & Co		372,196

76

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	8,490		Aspen Insurance Holdings Ltd	$	219,891
	11,576		Assurant, Inc		412,337
	22,336		Assured Guaranty Ltd		316,054
	15,140		Axis Capital Holdings Ltd		482,512
	207,636	*	Berkshire Hathaway, Inc (Class B)		15,400,363
	13,947		Brown & Brown, Inc		304,184
	34,800		Chubb Corp		2,174,304
	17,925		Cincinnati Financial Corp		489,890
	3,402		CNA Financial Corp		93,691
	4,646		Endurance Specialty Holdings Ltd		189,278
	5,502		Everest Re Group Ltd		451,824
	26,745		Fidelity National Title Group, Inc (Class A)		435,944
	57,599	*	Genworth Financial, Inc (Class A)		479,224
	5,274		Hanover Insurance Group, Inc		190,972
	52,479		Hartford Financial Services Group, Inc		1,229,058
	13,637		HCC Insurance Holdings, Inc		410,883
	37,452		Lincoln National Corp		992,478
	37,974		Loews Corp		1,514,023
	1,165	*	Markel Corp		466,489
	65,140		Marsh & McLennan Cos, Inc		1,920,979
	16,109	*	MBIA, Inc		148,203
	3,189		Mercury General Corp		118,439
	97,548		Metlife, Inc		4,019,954
	30,807		Old Republic International Corp		321,625
	8,092		PartnerRe Ltd		540,707
	38,191		Principal Financial Group		1,055,217
	77,823		Progressive Corp		1,531,557
	10,097		Protective Life Corp		214,662
	57,760		Prudential Financial, Inc		3,389,358
	8,853		Reinsurance Group of America, Inc (Class A)		515,333
	5,897		RenaissanceRe Holdings Ltd		410,372
	5,418		Stancorp Financial Group, Inc		180,203
	13,473		Torchmark Corp		544,174
	7,387		Transatlantic Holdings, Inc		378,288
	49,711		Travelers Cos, Inc		2,740,567
	6,011		Unitrin, Inc		169,330
	36,470		UnumProvident Corp		889,503
	7,674		Validus Holdings Ltd		204,052
	13,889		W.R. Berkley Corp		427,642
	824		White Mountains Insurance Group Ltd		347,225
	37,070		XL Capital Ltd		760,676
			TOTAL INSURANCE		59,178,814
MATERIALS - 2.8%
	9,702		AK Steel Holding Corp		117,879
	126,252		Alcoa, Inc		1,859,692
	7,943		Aptargroup, Inc		405,490
	9,341		Ashland, Inc		572,043
	12,637		Bemis Co, Inc		399,329
	8,039		Cabot Corp		314,325
	1,413		CF Industries Holdings, Inc		219,467
	13,507		Commercial Metals Co		195,987

77

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	5,965		Cytec Industries, Inc	$	334,040
	4,916		Domtar Corp		393,034
	139,494		Dow Chemical Co		4,864,157
	4,331		Greif, Inc (Class A)		264,408
	18,606		Huntsman Corp		355,375
	40,902		International Paper Co		1,214,790
	34,583		LyondellBasell Industries AF S.C.A		1,364,645
	2,760		Martin Marietta Materials, Inc		208,711
	20,146		MeadWestvaco Corp		627,346
	1,883		Nalco Holding Co		66,564
	57,731		Newmont Mining Corp		3,210,421
	37,489		Nucor Corp		1,457,947
	19,663	*	Owens-Illinois, Inc		455,592
	1,183		Packaging Corp of America		31,551
	7,575		Reliance Steel & Aluminum Co		356,101
	235	*	Rockwood Holdings, Inc		14,210
	15,643		RPM International, Inc		329,754
	1,703		Schnitzer Steel Industries, Inc (Class A)		86,495
	738		Scotts Miracle-Gro Co (Class A)		37,239
	19,289		Sealed Air Corp		415,292
	11,928		Sonoco Products Co		382,292
	7,064		Steel Dynamics, Inc		110,340
	9,117		Temple-Inland, Inc		273,692
	4,800		Titanium Metals Corp		85,392
	17,205		United States Steel Corp		688,028
	10,260		Valspar Corp		337,246
	15,050		Vulcan Materials Co		516,065
	1,766		Westlake Chemical Corp		91,391
	641	*	WR Grace & Co		32,332
			TOTAL MATERIALS		22,688,662
MEDIA - 3.5%
	67,120		CBS Corp (Class B)		1,837,074
	4,600	*	Clear Channel Outdoor Holdings, Inc (Class A)		54,050
	184,621		Comcast Corp (Class A)		4,434,596
	5,644		DISH Network Corp (Class A)		167,232
	8,545	*	DreamWorks Animation SKG, Inc (Class A)		186,794
	29,204		Gannett Co, Inc		372,643
	36,660		Interpublic Group of Cos, Inc		359,635
	4,884	*	Lamar Advertising Co (Class A)		124,347
	8,449	*	Liberty Media Corp - Capital (Series A)		674,315
	6,002	*	Liberty Media Corp - Starz		460,714
	7,214	*	Madison Square Garden, Inc		191,171
	6,669		McGraw-Hill Cos, Inc		277,430
	272,458		News Corp (Class A)		4,364,777
	7,358		Regal Entertainment Group (Class A)		94,109
	23,303		Thomson Corp		802,322
	127,095		Time Warner, Inc		4,468,660
	224,340		Walt Disney Co		8,664,011
	598		Washington Post Co (Class B)		240,575
			TOTAL MEDIA		27,774,455

78

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	11,189		Abbott Laboratories	$	574,219
	110,320	*	Amgen, Inc		6,034,505
	2,191	*	Bio-Rad Laboratories, Inc (Class A)		238,819
	202,481		Bristol-Myers Squibb Co		5,803,105
	8,959	*	Cephalon, Inc		716,182
	81,185		Eli Lilly & Co		3,109,386
	33,956	*	Forest Laboratories, Inc		1,258,409
	3,233	*	Hospira, Inc		165,271
	258,926		Johnson & Johnson		16,775,816
	19,523	*	Life Technologies Corp		879,121
	366,258		Merck & Co, Inc		12,500,386
	5,148	*	Mylan Laboratories, Inc		117,271
	13,403		PerkinElmer, Inc		327,837
	937,530		Pfizer, Inc		18,038,077
	28,021	*	Qiagen N.V.		474,676
	45,541	*	Thermo Electron Corp		2,736,559
	2,620	*	Vertex Pharmaceuticals, Inc		135,873
	1,781		Warner Chilcott plc		37,437
	864	*	Watson Pharmaceuticals, Inc		58,000
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		69,980,949
REAL ESTATE - 3.6%
	7,407		Alexandria Real Estate Equities, Inc		607,374
	54,347		AMB Property Corp		1,936,383
	21,083		American Capital Agency Corp		588,637
	112,682		Annaly Capital Management, Inc		1,890,804
	4,154		Apartment Investment & Management Co (Class A)		113,404
	10,332		AvalonBay Communities, Inc		1,386,451
	3,190		Boston Properties, Inc		342,478
	14,904		Brandywine Realty Trust		178,699
	8,789		BRE Properties, Inc (Class A)		461,247
	2,346		Camden Property Trust		157,346
	124,966		Chimera Investment Corp		384,895
	5,339		Corporate Office Properties Trust		165,883
	25,549		Developers Diversified Realty Corp		373,271
	14,462		Douglas Emmett, Inc		289,240
	29,898		Duke Realty Corp		419,768
	32,458		Equity Residential		2,006,553
	1,727		Essex Property Trust, Inc		242,402
	1,838		Federal Realty Investment Trust		160,531
	16,015	*	Forest City Enterprises, Inc (Class A)		288,429
	66,481		General Growth Properties, Inc		1,117,546
	48,268		HCP, Inc		1,772,884
	20,886		Health Care REIT, Inc		1,102,363
	14,689		Hospitality Properties Trust		370,897
	81,499		Host Marriott Corp		1,291,759
	2,386	*	Howard Hughes Corp		144,258
	7,861		HRPT Properties Trust		185,677
	1,063		Jones Lang LaSalle, Inc		90,483
	48,770		Kimco Realty Corp		928,093
	13,882		Liberty Property Trust		471,433

79

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	10,077		Macerich Co	$	535,391
	10,354		Mack-Cali Realty Corp		344,478
	20,872		Piedmont Office Realty Trust, Inc		428,920
	7,695		Plum Creek Timber Co, Inc		294,103
	826		Public Storage, Inc		98,814
	15,209		Realty Income Corp		493,684
	10,715		Regency Centers Corp		481,318
	17,264		Senior Housing Properties Trust		413,300
	6,237		Simon Property Group, Inc		751,621
	9,710		SL Green Realty Corp		796,414
	7,536	*	St. Joe Co		133,463
	6,464		Taubman Centers, Inc		387,194
	23,703		UDR, Inc		623,626
	11,939		Ventas, Inc		646,258
	19,458		Vornado Realty Trust		1,820,296
	14,475		Weingarten Realty Investors		372,297
	45,834		Weyerhaeuser Co		916,222
			TOTAL REAL ESTATE		29,006,587
RETAILING - 2.7%
	2,708		Aaron’s, Inc		68,269
	1,478		Abercrombie & Fitch Co (Class A)		108,071
	23,326		American Eagle Outfitters, Inc		306,504
	2,667	*	Autonation, Inc		100,306
	37,927		Best Buy Co, Inc		1,046,785
	5,924	*	Big Lots, Inc		206,333
	22,392	*	Carmax, Inc		715,872
	6,071		Chico’s FAS, Inc		91,611
	3,907		Dillard’s, Inc (Class A)		219,808
	9,704		Expedia, Inc		307,520
	18,246		Foot Locker, Inc		396,486
	17,052	*	GameStop Corp (Class A)		402,086
	45,288		Gap, Inc		873,606
	13,607		Genuine Parts Co		723,348
	75,338		Home Depot, Inc		2,631,556
	19,505		JC Penney Co, Inc		599,974
	5,505		Kohl’s Corp		301,179
	71,273	*	Liberty Media Holding Corp (Interactive A)		1,169,590
	154,569		Lowe’s Cos, Inc		3,335,599
	44,294		Macy’s, Inc		1,278,768
	12,693		RadioShack Corp		176,687
	100	*	Sally Beauty Holdings, Inc		1,720
	4,636	*	Sears Holdings Corp		322,990
	10,444	*	Signet Jewelers Ltd		447,421
	85,405		Staples, Inc		1,371,604
	77,519		Target Corp		3,991,452
	6,021		Williams-Sonoma, Inc		222,897
			TOTAL RETAILING		21,418,042
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
	146,545		Applied Materials, Inc		1,805,434
	3,535	*	Atmel Corp		42,774

80

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	11,840	*	Cree, Inc	$	389,062
	14,318	*	Fairchild Semiconductor International, Inc		214,913
	1,949	*	Freescale Semiconductor Holdings Ltd		31,827
	629,117		Intel Corp		14,048,182
	8,224	*	International Rectifier Corp		211,275
	7,536		Intersil Corp (Class A)		90,809
	4,562		Kla-Tencor Corp		181,659
	50,732	*	LSI Logic Corp		373,388
	60,864	*	Marvell Technology Group Ltd		902,004
	9,242	*	MEMC Electronic Materials, Inc		68,576
	101,949	*	Micron Technology, Inc		751,364
	1,774		National Semiconductor Corp		43,853
	10,645	*	Novellus Systems, Inc		330,421
	27,465	*	PMC - Sierra, Inc		191,980
	797	*	Silicon Laboratories, Inc		28,222
	11,652	*	Sunpower Corp (Class A)		228,729
	22,019	*	Teradyne, Inc		297,036
	50,385		Texas Instruments, Inc		1,498,954
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		21,730,462
SOFTWARE & SERVICES - 1.8%
	51,220		Activision Blizzard, Inc		606,445
	2,026	*	Akamai Technologies, Inc		49,070
	21,760	*	Amdocs Ltd		686,093
	12,696	*	AOL, Inc		218,117
	1,272	*	Booz Allen Hamilton Holding Co		23,138
	626		Broadridge Financial Solutions, Inc		14,436
	45,997		CA, Inc		1,025,733
	18,315		Computer Sciences Corp		646,153
	7,342	*	Compuware Corp		70,924
	3,412		DST Systems, Inc		174,660
	62,138	*	eBay, Inc		2,035,020
	31,445		Fidelity National Information Services, Inc		943,979
	11,619	*	First American Corp		183,348
	3,426	*	Fiserv, Inc		206,793
	3,385	*	Genpact Ltd		55,853
	9,496	*	IAC/InterActiveCorp		393,039
	14,323	*	Monster Worldwide, Inc		168,152
	3,103		Paychex, Inc		87,598
	23,182	*	SAIC, Inc		371,607
	16,695	*	Synopsys, Inc		400,179
	19,508		Total System Services, Inc		363,044
	42,034		Visa, Inc (Class A)		3,595,587
	154,648	*	Yahoo!, Inc		2,025,889
			TOTAL SOFTWARE & SERVICES		14,344,857
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	11,887	*	Arrow Electronics, Inc		413,073
	18,525	*	Avnet, Inc		542,783
	4,737		AVX Corp		65,939
	54,934	*	Brocade Communications Systems, Inc		301,038
	652,724		Cisco Systems, Inc		10,424,003

81

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	186,355		Corning, Inc	$	2,964,908
	51,866	*	Dell, Inc		842,304
	7,465		Diebold, Inc		225,742
	4,284	*	EchoStar Corp (Class A)		143,343
	11,040		Harris Corp		440,165
	256,858		Hewlett-Packard Co		9,031,126
	19,813	*	Ingram Micro, Inc (Class A)		367,531
	4,693	*	Itron, Inc		201,987
	4,122		Jabil Circuit, Inc		75,474
	9,160	*	Lexmark International, Inc (Class A)		307,501
	16,517		Molex, Inc		387,819
	31,316	*	Motorola Mobility Holdings, Inc		700,852
	35,654	*	Motorola, Inc		1,600,508
	3,990	*	NCR Corp		79,601
	2,022	*	QLogic Corp		30,674
	28,176	*	SanDisk Corp		1,198,325
	5,411	*	Tech Data Corp		252,531
	40,767		Tellabs, Inc		168,775
	18,221	*	Vishay Intertechnology, Inc		250,903
	27,437	*	Western Digital Corp		945,479
	166,319		Xerox Corp		1,551,756
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		33,514,140
TELECOMMUNICATION SERVICES - 4.5%
	702,709		AT&T, Inc		20,561,266
	72,675		CenturyTel, Inc		2,696,969
	2,048	*	Clearwire Corp (Class A)		4,444
	118,182		Frontier Communications Corp		885,183
	204,136	*	Level 3 Communications, Inc		445,016
	2,556	*	NII Holdings, Inc (Class B)		108,247
	355,414	*	Sprint Nextel Corp		1,503,401
	10,527		Telephone & Data Systems, Inc		298,546
	2,638	*	tw telecom inc (Class A)		52,101
	1,831	*	US Cellular Corp		80,912
	259,859		Verizon Communications, Inc		9,170,424
	27,023		Windstream Corp		329,951
			TOTAL TELECOMMUNICATION SERVICES		36,136,460
TRANSPORTATION - 1.7%
	4,899		Alexander & Baldwin, Inc		236,181
	18,298	*	AMR Corp		77,584
	5,666		Con-Way, Inc		207,489
	847		Copa Holdings S.A. (Class A)		55,572
	40,108	*	Delta Air Lines, Inc		316,452
	35,319		FedEx Corp		3,068,514
	3,294	*	Kansas City Southern Industries, Inc		195,499
	1,870	*	Kirby Corp		109,058
	41,936		Norfolk Southern Corp		3,174,555
	6,108		Ryder System, Inc		344,003
	78,180		Southwest Airlines Co		778,672
	5,788	*	UAL Corp		104,879
	48,807		Union Pacific Corp		5,001,741

82

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	1,210		UTI Worldwide, Inc	$	19,566
			TOTAL TRANSPORTATION		13,689,765
UTILITIES - 6.9%
	78,751	*	AES Corp		969,426
	8,987		AGL Resources, Inc		366,670
	12,890		Alliant Energy Corp		507,995
	28,910		Ameren Corp		833,186
	57,256		American Electric Power Co, Inc		2,110,456
	20,609		American Water Works Co, Inc		577,052
	14,855		Aqua America, Inc		314,183
	10,827		Atmos Energy Corp		361,947
	42,429	*	Calpine Corp		689,471
	50,989		Centerpoint Energy, Inc		998,365
	29,869		CMS Energy Corp		571,693
	34,607		Consolidated Edison, Inc		1,820,328
	22,156		Constellation Energy Group, Inc		860,317
	68,416		Dominion Resources, Inc		3,314,756
	13,518		DPL, Inc		408,920
	19,992		DTE Energy Co		996,401
	157,985		Duke Energy Corp		2,938,521
	38,643		Edison International		1,471,139
	21,028		Entergy Corp		1,404,670
	78,599		Exelon Corp		3,463,858
	49,720		FirstEnergy Corp		2,219,998
	15,611		Great Plains Energy, Inc		314,874
	10,925		Hawaiian Electric Industries, Inc		255,645
	9,211		Integrys Energy Group, Inc		462,484
	22,485		MDU Resources Group, Inc		484,777
	8,462		National Fuel Gas Co		612,480
	50,082		NextEra Energy, Inc		2,767,031
	33,506		NiSource, Inc		674,476
	21,179		Northeast Utilities		720,086
	28,906	*	NRG Energy, Inc		708,775
	12,007		NSTAR		532,270
	28,706		NV Energy, Inc		425,997
	11,740		OGE Energy Corp		587,470
	11,875		Oneok, Inc		864,380
	27,322		Pepco Holdings, Inc		510,375
	47,289		PG&E Corp		1,959,183
	12,665		Pinnacle West Capital Corp		536,363
	68,576		PPL Corp		1,913,270
	35,045		Progress Energy, Inc		1,638,003
	60,044		Public Service Enterprise Group, Inc		1,966,441
	21,486		Questar Corp		395,987
	89,969	*	RRI Energy, Inc		349,979
	13,413		SCANA Corp		525,655
	28,397		Sempra Energy		1,439,444
	100,783		Southern Co		3,984,960
	25,872		TECO Energy, Inc		479,408
	13,387		UGI Corp		405,626
	9,189		Vectren Corp		242,681

83

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	13,036		Westar Energy, Inc	$	336,459
	28,025		Wisconsin Energy Corp		858,966
	57,322		Xcel Energy, Inc		1,375,728
			TOTAL UTILITIES		55,528,625
			TOTAL COMMON STOCKS		799,002,000
			(Cost $837,971,603)
			TOTAL INVESTMENTS - 99.9%		799,002,000
			(Cost $837,971,603)
			OTHER ASSETS & LIABILITIES, NET - 0.1%		1,096,535
			NET ASSETS - 100.0%	$	800,098,535
			Abbreviation(s):
			REIT   Real Estate Investment Trust
		*	Non-income producing.

84

TIAA-CREF FUNDS - Equity Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.0%
	10,316	*	American Axle & Manufacturing Holdings, Inc	$	118,325
	3,504	*	Amerigon, Inc (Class A)		58,937
	14,176		Autoliv, Inc		937,884
	17,122	*	BorgWarner, Inc		1,363,254
	9,747		Cooper Tire & Rubber Co		164,334
	24,153	*	Dana Holding Corp		402,631
	2,524	*	Dorman Products, Inc		90,183
	2,768		Drew Industries, Inc		58,958
	16,225	*	Exide Technologies		116,171
	2,634	*	Federal Mogul Corp (Class A)		50,494
	584,509	*	Ford Motor Co		7,136,855
	2,590	*	Fuel Systems Solutions, Inc		55,012
	119,037	*	General Motors Co		3,294,944
	23,092		Gentex Corp		654,427
	37,697	*	Goodyear Tire & Rubber Co		609,560
	37,202		Harley-Davidson, Inc		1,614,195
	107,223		Johnson Controls, Inc		3,961,891
	16,450		Lear Corp		806,050
	6,767	*	Modine Manufacturing Co		100,896
	1,830	*	Motorcar Parts of America, Inc		23,625
	5,413		Spartan Motors, Inc		24,900
	3,082		Standard Motor Products, Inc		43,764
	4,086	*	Stoneridge, Inc		50,993
	4,783		Superior Industries International, Inc		96,808
	9,447	*	Tenneco, Inc		377,313
	7,757	*	Tesla Motors, Inc		218,515
	6,857		Thor Industries, Inc		169,574
	2,020	*	Tower International, Inc		34,784
	15,649	*	TRW Automotive Holdings Corp		789,805
	8,456	*	Visteon Corp		530,191
	4,173	*	Winnebago Industries, Inc		35,011
			TOTAL AUTOMOBILES & COMPONENTS		23,990,284
BANKS - 3.0%
	2,315		1st Source Corp		53,361
	3,130	*	1st United Bancorp, Inc		18,561
	4,749		Abington Bancorp, Inc		47,063
	551		Alliance Financial Corp		17,748
	2,640	*	Ameris Bancorp		26,717
	726		Ames National Corp		12,625
	2,009		Arrow Financial Corp		48,417
	26,897		Associated Banc-Corp		367,144
	13,440		Astoria Financial Corp		156,576
	1,553		Bancfirst Corp		59,231

85

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,737		Banco Latinoamericano de Exportaciones S.A. (Class E)	$	66,108
	494		Bancorp Rhode Island, Inc		21,672
	12,849		Bancorpsouth, Inc		173,975
	6,487		Bank Mutual Corp		24,067
	7,946		Bank of Hawaii Corp		356,060
	891		Bank of Kentucky Financial Corp		21,277
	655		Bank of Marin Bancorp		25,224
	2,323		Bank of the Ozarks, Inc		120,680
	2,457		BankFinancial Corp		20,025
	5,153		BankUnited		128,361
	2,518		Banner Corp		46,633
	109,389		BB&T Corp		2,809,110
	5,221	*	Beneficial Mutual Bancorp, Inc		40,880
	2,307		Berkshire Hills Bancorp, Inc		50,569
	1,024	*	BofI Holding, Inc		14,331
	4,108		BOK Financial Corp		223,722
	10,344		Boston Private Financial Holdings, Inc		71,684
	1,513		Bridge Bancorp, Inc		31,531
	1,451	*	Bridge Capital Holdings		16,280
	8,703		Brookline Bancorp, Inc		74,411
	1,682		Bryn Mawr Bank Corp		33,842
	926		Camden National Corp		29,604
	1,780	*	Cape Bancorp, Inc		16,750
	1,241		Capital City Bank Group, Inc		12,795
	48,510		CapitalSource, Inc		313,375
	29,268		Capitol Federal Financial		334,826
	4,527		Cardinal Financial Corp		48,575
	12,117		Cathay General Bancorp		167,942
	1,971		Center Bancorp, Inc		19,789
	5,058	*	Center Financial		31,157
	4,542		Centerstate Banks of Florida, Inc		29,659
	2,336	*	Central Pacific Financial Corp		31,489
	488		Century Bancorp, Inc		13,191
	1,161		Charter Financial Corp		11,250
	4,212		Chemical Financial Corp		79,902
	31,520	*	CIT Group, Inc		1,252,605
	1,474		Citizens & Northern Corp		24,262
	2,433		City Holding Co		76,080
	7,563		City National Corp		405,982
	988		Clifton Savings Bancorp, Inc		10,028
	1,130		CNB Financial Corp		15,605
	5,107		CoBiz, Inc		31,408
	5,841		Columbia Banking System, Inc		102,860
	34,147		Comerica, Inc		1,093,730
	12,183		Commerce Bancshares, Inc		498,407
	5,536		Community Bank System, Inc		139,286
	1,938		Community Trust Bancorp, Inc		52,559
	8,348		Cullen/Frost Bankers, Inc		449,790
	13,798		CVB Financial Corp		133,703
	5,261		Dime Community Bancshares		73,917
	19,525	*	Doral Financial Corp		34,169
	2,332	*	Eagle Bancorp, Inc		31,459

86

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,916		East West Bancorp, Inc	$	425,321
	1,116	*	Encore Bancshares, Inc		13,381
	920	*	Enterprise Bancorp, Inc		14,711
	2,133		Enterprise Financial Services Corp		29,755
	1,420		ESB Financial Corp		19,000
	3,464		ESSA Bancorp, Inc		39,836
	1,352		Federal Agricultural Mortgage Corp (Class C)		27,310
	142,391		Fifth Third Bancorp		1,801,246
	1,693		Financial Institutions, Inc		28,392
	1,953		First Bancorp (NC)		19,237
	1,005		First Bancorp, Inc		14,804
	11,715		First Busey Corp		60,801
	901		First Citizens Bancshares, Inc (Class A)		162,288
	15,748		First Commonwealth Financial Corp		80,945
	2,221		First Community Bancshares, Inc		27,962
	1,559	*	First Defiance Financial Corp		22,855
	8,482		First Financial Bancorp		135,797
	6,727		First Financial Bankshares, Inc		216,811
	1,508		First Financial Corp		49,900
	2,372		First Financial Holdings, Inc		19,711
	40,677		First Horizon National Corp		365,686
	1,747		First Interstate Bancsystem, Inc		23,375
	3,771		First Merchants Corp		33,750
	11,137		First Midwest Bancorp, Inc		132,753
	47,060		First Niagara Financial Group, Inc		576,485
	1,920		First of Long Island Corp		51,014
	1,261		First Pactrust Bancorp, Inc		18,663
	11,373	*	First Republic Bank		322,083
	16,815		FirstMerit Corp		245,667
	30,372	*	Flagstar Bancorp, Inc		22,175
	4,131		Flushing Financial Corp		50,894
	19,537		FNB Corp		195,370
	2,299		Fox Chase Bancorp, Inc		30,738
	2,107	*	Franklin Financial Corp		25,389
	30,262		Fulton Financial Corp		307,159
	1,498		German American Bancorp, Inc		25,121
	11,992		Glacier Bancorp, Inc		157,575
	1,402		Great Southern Bancorp, Inc		25,601
	1,566	*	Hampton Roads Bankshares, Inc		11,416
	11,796		Hancock Holding Co		388,678
	22,781	*	Hanmi Financial Corp		24,148
	1,473		Heartland Financial USA, Inc		23,642
	3,078	*	Heritage Commerce Corp		15,359
	2,420		Heritage Financial Corp		31,533
	4,046		Home Bancshares, Inc		95,364
	2,273		Home Federal Bancorp, Inc		24,298
	77,938		Hudson City Bancorp, Inc		642,989
	1,832		Hudson Valley Holding Corp		39,351
	135,904		Huntington Bancshares, Inc		821,540
	4,402		IBERIABANK Corp		224,370
	3,006		Independent Bank Corp		79,809
	8,140		International Bancshares Corp		136,915

87

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,843	*	Investors Bancorp, Inc	$	94,707
	2,959		Kearny Financial Corp		27,726
	150,927		Keycorp		1,213,453
	2,932		Lakeland Bancorp, Inc		29,173
	2,273		Lakeland Financial Corp		51,256
	19,842		M&T Bank Corp		1,711,174
	4,715		MainSource Financial Group, Inc		43,567
	8,373		MB Financial, Inc		169,051
	641		Merchants Bancshares, Inc		16,948
	1,281	*	Meridian Interstate Bancorp, Inc		17,140
	31,180	*	MGIC Investment Corp		124,096
	602		Midsouth Bancorp, Inc		8,145
	4,732	*	Nara Bancorp, Inc		37,998
	945		National Bankshares, Inc		24,409
	18,273		National Penn Bancshares, Inc		146,915
	5,959		NBT Bancorp, Inc		131,336
	67,789		New York Community Bancorp, Inc		917,184
	3,079		Northfield Bancorp, Inc		42,182
	18,131		Northwest Bancshares, Inc		222,830
	1,978		OceanFirst Financial Corp		26,604
	11,444	*	Ocwen Financial Corp		147,513
	16,375		Old National Bancorp		167,025
	1,600	*	OmniAmerican Bancorp, Inc		23,424
	7,114		Oriental Financial Group, Inc		88,356
	8,325		Oritani Financial Corp		107,726
	1,120		Orrstown Financial Services, Inc		21,179
	590	*	Pacific Capital Bancorp		17,688
	2,647		Pacific Continental Corp		26,046
	4,339		PacWest Bancorp		86,129
	2,024		Park National Corp		124,759
	4,529	*	Park Sterling Bank		21,241
	502		Penns Woods Bancorp, Inc		17,836
	1,923	*	Pennsylvania Commerce Bancorp, Inc		22,057
	1,601		Peoples Bancorp, Inc		19,100
	60,664		People’s United Financial, Inc		769,219
	4,700	*	Pinnacle Financial Partners, Inc		71,675
	37,642	*	PMI Group, Inc		37,642
	82,807		PNC Financial Services Group, Inc		4,495,592
	154,389	*	Popular, Inc		370,534
	9,252		PrivateBancorp, Inc		109,081
	7,437		Prosperity Bancshares, Inc		308,859
	9,314		Provident Financial Services, Inc		129,092
	7,032		Provident New York Bancorp		53,021
	22,616		Radian Group, Inc		71,693
	194,483		Regions Financial Corp		1,184,401
	3,935		Renasant Corp		60,206
	1,611		Republic Bancorp, Inc (Class A)		29,175
	4,625		Rockville Financial, Inc		46,944
	2,561		Roma Financial Corp		25,021
	3,800		S&T Bancorp, Inc		72,276
	2,198		S.Y. Bancorp, Inc		49,917
	3,365		Sandy Spring Bancorp, Inc		60,133

88

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,859		SCBT Financial Corp	$	54,432
	11,249	*	Seacoast Banking Corp of Florida		17,773
	1,188		Sierra Bancorp		13,686
	7,133	*	Signature Bank		421,988
	3,237		Simmons First National Corp (Class A)		78,206
	2,022		Southside Bancshares, Inc		40,096
	3,920	*	Southwest Bancorp, Inc		24,304
	1,608		State Bancorp, Inc		20,904
	4,935	*	State Bank & Trust Co		72,396
	2,717		StellarOne Corp		33,799
	3,792		Sterling Bancorp		35,834
	4,165	*	Sterling Financial Corp		72,221
	1,369		Suffolk Bancorp		16,592
	5,891	*	Sun Bancorp, Inc		18,380
	84,779		SunTrust Banks, Inc		2,076,238
	19,776		Susquehanna Bancshares, Inc		148,913
	7,138	*	SVB Financial Group		435,561
	121,749		Synovus Financial Corp		222,801
	1,388	*	Taylor Capital Group, Inc		11,021
	25,026		TCF Financial Corp		318,331
	2,926		Territorial Bancorp, Inc		61,095
	5,785	*	Texas Capital Bancshares, Inc		158,104
	13,975	*	TFS Financial Corp		131,924
	4,383	*	The Bancorp, Inc		39,447
	1,261		Tompkins Trustco, Inc		50,944
	1,615		Tower Bancorp, Inc		42,781
	3,266		TowneBank		42,654
	1,517		Trico Bancshares		22,482
	10,287		Trustco Bank Corp NY		47,526
	9,986		Trustmark Corp		217,595
	5,205		UMB Financial Corp		216,008
	17,796		Umpqua Holdings Corp		202,163
	4,373		Union Bankshares Corp		54,444
	7,830		United Bankshares, Inc		186,824
	4,733	*	United Community Banks, Inc		51,732
	3,593		United Financial Bancorp, Inc		56,015
	2,358		Univest Corp of Pennsylvania		35,063
	304,367		US Bancorp		7,931,803
	27,869		Valley National Bancorp		366,477
	5,301		ViewPoint Financial Group		69,019
	2,698	*	Virginia Commerce Bancorp		17,186
	1,600	*	Walker & Dunlop, Inc		20,688
	2,229		Washington Banking Co		28,910
	17,221		Washington Federal, Inc		291,207
	1,942		Washington Trust Bancorp, Inc		44,239
	11,185		Webster Financial Corp		228,398
	775,924		Wells Fargo & Co		21,679,316
	3,315		WesBanco, Inc		68,123
	1,895		West Bancorporation, Inc		18,893
	2,650	*	West Coast Bancorp		43,142
	4,617		Westamerica Bancorporation		216,676
	10,831	*	Western Alliance Bancorp		76,142

89

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,835		Westfield Financial, Inc	$	39,164
	8,933	*	Wilshire Bancorp, Inc		29,479
	5,252		Wintrust Financial Corp		179,513
	1,071		WSFS Financial Corp		42,529
	28,069		Zions Bancorporation		614,711
			TOTAL BANKS		70,769,358
CAPITAL GOODS - 8.3%
	6,732	*	3D Systems Corp		144,132
	112,146		3M Co		9,772,402
	5,593		A.O. Smith Corp		231,942
	12,147	*	A123 Systems, Inc		62,314
	3,708		Aaon, Inc		84,097
	5,576		AAR Corp		163,600
	6,253	*	Accuride Corp		71,597
	2,783		Aceto Corp		16,976
	12,705	*	Active Power, Inc		21,471
	11,457		Actuant Corp (Class A)		283,102
	7,404		Acuity Brands, Inc		360,501
	19,202	*	Aecom Technology Corp		475,057
	3,085	*	Aerovironment, Inc		88,941
	15,214	*	AGCO Corp		721,448
	5,401	*	Air Lease Corp		131,946
	8,929		Aircastle Ltd		102,237
	699		Alamo Group, Inc		16,713
	4,032		Albany International Corp (Class A)		107,130
	5,356		Alliant Techsystems, Inc		349,372
	3,779	*	Altra Holdings, Inc		84,045
	2,530	*	Ameresco, Inc		34,054
	1,410	*	American Railcar Industries, Inc		32,980
	1,757		American Science & Engineering, Inc		142,545
	9,709	*	American Superconductor Corp		71,070
	1,400		American Woodmark Corp		23,268
	1,304		Ameron International Corp		110,957
	24,624		Ametek, Inc		1,046,520
	1,129		Ampco-Pittsburgh Corp		29,410
	4,356		Apogee Enterprises, Inc		49,876
	6,231		Applied Industrial Technologies, Inc		198,894
	954	*	Argan, Inc		9,893
	3,903		Armstrong World Industries, Inc		154,169
	15,095	*	ArvinMeritor, Inc		203,783
	3,788	*	Astec Industries, Inc		142,126
	1,755	*	Astronics Corp		55,967
	1,818		AZZ, Inc		90,955
	18,048	*	Babcock & Wilcox Co		450,839
	2,656		Badger Meter, Inc		96,917
	7,669		Barnes Group, Inc		186,740
	15,473	*	BE Aerospace, Inc		615,825
	7,263	*	Beacon Roofing Supply, Inc		155,283
	7,302		Belden CDT, Inc		269,079
	1,739	*	Berliner Communications, Inc		13,512
	6,697	*	Blount International, Inc		111,371

90

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	116,608		Boeing Co	$	8,217,366
	7,394		Brady Corp (Class A)		218,862
	7,221		Briggs & Stratton Corp		123,768
	24,260	*	Broadwind Energy, Inc		32,023
	10,284	*	Builders FirstSource, Inc		23,653
	2,272	*	CAI International, Inc		39,874
	60,193	*	Capstone Turbine Corp		87,280
	9,270		Carlisle Cos, Inc		400,742
	1,450		Cascade Corp		72,486
	101,905		Caterpillar, Inc		10,067,196
	3,843	*	Ceradyne, Inc		124,552
	5,154	*	Chart Industries, Inc		273,471
	15,190		Chicago Bridge & Iron Co NV		626,588
	2,564		CIRCOR International, Inc		110,893
	7,803		Clarcor, Inc		343,800
	4,073	*	CNH Global NV		155,344
	1,308	*	Coleman Cable, Inc		17,239
	3,758	*	Colfax Corp		101,729
	2,703	*	Columbus McKinnon Corp		44,464
	5,378		Comfort Systems USA, Inc		56,146
	4,482	*	Commercial Vehicle Group, Inc		47,509
	25,812		Cooper Industries plc		1,350,226
	7,086		Crane Co		328,224
	2,081		Cubic Corp		101,012
	31,159		Cummins, Inc		3,267,956
	7,336		Curtiss-Wright Corp		234,459
	85,775		Danaher Corp		4,212,410
	65,755		Deere & Co		5,162,426
	4,974	*	DigitalGlobe, Inc		129,921
	11,805		Donaldson Co, Inc		653,761
	2,851		Douglas Dynamics, Inc		43,307
	28,898		Dover Corp		1,747,462
	1,267		Ducommun, Inc		27,874
	1,235	*	DXP Enterprises, Inc		33,580
	5,653	*	Dycom Industries, Inc		96,327
	1,779		Dynamic Materials Corp		37,715
	53,056		Eaton Corp		2,544,035
	11,618	*	EMCOR Group, Inc		324,375
	118,803		Emerson Electric Co		5,832,038
	3,680		Encore Wire Corp		80,997
	14,927	*	Ener1, Inc		12,837
	9,284	*	Energy Recovery, Inc		28,502
	7,473	*	EnerSys		238,987
	3,687	*	EnPro Industries, Inc		170,487
	4,102		ESCO Technologies, Inc		142,257
	2,708	*	Essex Rental Corp		14,948
	5,039	*	Esterline Technologies Corp		384,828
	45,744		Fastenal Co		1,539,286
	8,728		Federal Signal Corp		50,448
	9,555	*	Flow International Corp		32,583
	8,901		Flowserve Corp		884,581
	26,942		Fluor Corp		1,711,624

91

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	20,446	*	Force Protection, Inc	$	93,438
	3,447		Franklin Electric Co, Inc		150,462
	1,928	*	Freightcar America, Inc		47,583
	27,020	*	FuelCell Energy, Inc		35,937
	6,127	*	Furmanite Corp		48,036
	8,335		Gardner Denver, Inc		710,892
	6,691		GATX Corp		263,826
	11,146	*	GenCorp, Inc		63,086
	3,809	*	Generac Holdings, Inc		70,657
	8,065	*	General Cable Corp		320,745
	52,470		General Dynamics Corp		3,575,306
	1,671,822		General Electric Co		29,942,333
	3,622	*	GeoEye, Inc		144,735
	6,174	*	Gibraltar Industries, Inc		63,469
	2,472	*	Global Power Equipment Group, Inc		64,198
	19,289		Goodrich Corp		1,835,155
	2,538		Gorman-Rupp Co		82,688
	9,274		Graco, Inc		407,407
	19,630	*	GrafTech International Ltd		378,074
	1,415		Graham Corp		27,847
	5,964		Granite Construction, Inc		139,438
	8,220		Great Lakes Dredge & Dock Corp		48,909
	4,615	*	Greenbrier Cos, Inc		92,854
	7,311	*	Griffon Corp		69,089
	3,805	*	H&E Equipment Services, Inc		45,660
	12,806		Harsco Corp		351,012
	6,432		Heico Corp		336,136
	14,584	*	Hexcel Corp		349,141
	124,264		Honeywell International, Inc		6,598,418
	2,360		Houston Wire & Cable Co		37,548
	9,292		Hubbell, Inc (Class B)		552,595
	7,524	*	Huntington Ingalls		251,904
	968	*	Hurco Cos, Inc		28,479
	12,921		IDEX Corp		535,963
	8,026	*	II-VI, Inc		200,891
	70,079		Illinois Tool Works, Inc		3,489,934
	51,688		Ingersoll-Rand plc		1,934,165
	6,397	*	Insituform Technologies, Inc (Class A)		128,260
	2,184		Insteel Industries, Inc		25,029
	4,656	*	Interline Brands, Inc		77,895
	28,962		ITT Industries, Inc		1,544,833
	19,612	*	Jacobs Engineering Group, Inc		767,614
	3,951		John Bean Technologies Corp		69,775
	16,199		Joy Global, Inc		1,521,410
	1,926	*	Kadant, Inc		50,673
	4,068		Kaman Corp		144,902
	5,034		Kaydon Corp		179,462
	23,577		KBR, Inc		840,520
	12,633		Kennametal, Inc		498,119
	2,915	*	KEYW Holding Corp		32,531
	4,991	*	Kratos Defense & Security Solutions, Inc		54,248
	16,867		L-3 Communications Holdings, Inc		1,334,517

92

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	427		Lawson Products, Inc	$	7,972
	3,026	*	Layne Christensen Co		88,692
	1,707		LB Foster Co (Class A)		59,318
	8,825		Lennox International, Inc		326,349
	12,788		Lincoln Electric Holdings, Inc		437,605
	1,970		Lindsay Manufacturing Co		124,701
	1,159	*	LMI Aerospace, Inc		26,645
	45,260		Lockheed Martin Corp		3,427,540
	2,512		LSI Industries, Inc		20,900
	2,362	*	Lydall, Inc		28,533
	20,325		Manitowoc Co, Inc		284,347
	53,959		Masco Corp		569,267
	10,339	*	Mastec, Inc		215,878
	1,685		Met-Pro Corp		17,760
	1,222	*	Michael Baker Corp		25,491
	2,809	*	Middleby Corp		237,304
	1,877		Miller Industries, Inc		30,745
	7,000	*	Moog, Inc (Class A)		286,650
	7,058		MSC Industrial Direct Co (Class A)		436,043
	5,630		Mueller Industries, Inc		211,294
	40,545		Mueller Water Products, Inc (Class A)		132,582
	2,652	*	MYR Group, Inc		64,417
	809		Nacco Industries, Inc (Class A)		73,522
	703		National Presto Industries, Inc		71,523
	11,652	*	Navistar International Corp		597,864
	2,590	*	NCI Building Systems, Inc		29,241
	2,514	*	NN, Inc		29,615
	9,354		Nordson Corp		477,335
	43,575		Northrop Grumman Corp		2,636,723
	1,232	*	Northwest Pipe Co		37,022
	9,245	*	Orbital Sciences Corp		160,123
	4,264	*	Orion Marine Group, Inc		37,054
	14,812	*	Oshkosh Truck Corp		367,634
	19,533	*	Owens Corning, Inc		694,984
	57,446		Paccar, Inc		2,459,263
	17,955		Pall Corp		890,209
	25,098		Parker Hannifin Corp		1,983,244
	15,198		Pentair, Inc		559,438
	6,820		Perini Corp		107,620
	1,814	*	Pike Electric Corp		15,945
	2,730	*	PMFG, Inc		51,242
	5,910	*	Polypore International, Inc		401,880
	1,254	*	Powell Industries, Inc		48,329
	2,764	*	PowerSecure International, Inc		18,933
	22,649		Precision Castparts Corp		3,655,096
	352		Preformed Line Products Co		21,951
	3,206		Primoris Services Corp		39,113
	5,396		Quanex Building Products Corp		84,555
	32,883	*	Quanta Services, Inc		608,993
	2,783		Raven Industries, Inc		147,026
	55,981		Raytheon Co		2,504,030
	3,598	*	RBC Bearings, Inc		136,616

93

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,781		Regal-Beloit Corp	$	350,502
	6,464		Robbins & Myers, Inc		311,823
	22,303		Rockwell Automation, Inc		1,600,463
	23,796		Rockwell Collins, Inc		1,310,922
	14,826		Roper Industries, Inc		1,210,246
	10,442	*	RSC Holdings, Inc		124,677
	4,701	*	Rush Enterprises, Inc (Class A)		93,973
	32,704	*	SatCon Technology Corp		61,484
	2,238	*	Sauer-Danfoss, Inc		106,305
	48		Seaboard Corp		125,520
	1,600		SeaCube Container Leasing Ltd		23,216
	12,837	*	Shaw Group, Inc		332,222
	6,448		Simpson Manufacturing Co, Inc		182,478
	8,693		Snap-On, Inc		494,284
	18,280	*	Spirit Aerosystems Holdings, Inc (Class A)		374,557
	7,723		SPX Corp		581,079
	2,397		Standex International Corp		77,159
	26,103		Stanley Works		1,716,794
	1,897	*	Sterling Construction Co, Inc		24,282
	2,843		Sun Hydraulics Corp		81,040
	3,115		TAL International Group, Inc		96,378
	7,871	*	Taser International, Inc		32,350
	3,029	*	Tecumseh Products Co (Class A)		30,956
	5,640	*	Teledyne Technologies, Inc		305,857
	2,972		Tennant Co		127,231
	17,278	*	Terex Corp		383,744
	1,748		Textainer Group Holdings Ltd		45,361
	43,472		Textron, Inc		1,005,507
	1,568	*	Thermon Group Holdings		21,952
	8,009	*	Thomas & Betts Corp		390,679
	13,770		Timken Co		601,336
	7,427		Titan International, Inc		187,680
	2,396	*	Titan Machinery, Inc		63,278
	5,444		Toro Co		293,051
	8,287		TransDigm Group, Inc		746,410
	3,421		Tredegar Corp		65,204
	2,412	*	Trex Co, Inc		50,845
	3,986	*	Trimas Corp		95,544
	12,417		Trinity Industries, Inc		369,902
	6,008		Triumph Group, Inc		323,471
	1,434		Twin Disc, Inc		54,492
	74,188		Tyco International Ltd		3,285,787
	9,384	*	United Rentals, Inc		215,926
	144,466		United Technologies Corp		11,967,564
	3,031		Universal Forest Products, Inc		89,324
	13,032	*	URS Corp		532,097
	10,194	*	USG Corp		116,008
	9,491	*	Valence Technology, Inc		11,484
	3,510		Valmont Industries, Inc		341,699
	2,758		Vicor Corp		38,805
	9,109		W.W. Grainger, Inc		1,351,502
	11,511	*	Wabash National Corp		86,448

94

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,397	*	WABCO Holdings, Inc	$	655,531
	4,376		Watsco, Inc		258,972
	4,424		Watts Water Technologies, Inc (Class A)		148,337
	6,905	*	WESCO International, Inc		350,014
	7,317		Westinghouse Air Brake Technologies Corp		472,093
	9,483		Woodward Governor Co		327,164
	1,643	*	Xerium Technologies, Inc		26,847
			TOTAL CAPITAL GOODS		191,603,324
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	7,829		ABM Industries, Inc		176,153
	6,873	*	Acacia Research (Acacia Technologies)		294,989
	8,113	*	ACCO Brands Corp		69,528
	3,568		Administaff, Inc		104,257
	2,431	*	Advisory Board Co		130,156
	2,474		American Ecology Corp		41,786
	5,308	*	American Reprographics Co		36,254
	3,422	*	APAC Customer Services, Inc		28,779
	1,554	*	AT Cross Co		22,953
	16,514		Avery Dennison Corp		521,017
	1,044		Barrett Business Services, Inc		15,576
	7,230		Brink’s Co		215,743
	3,487	*	Casella Waste Systems, Inc (Class A)		21,933
	6,078	*	CBIZ, Inc		45,342
	1,246		CDI Corp		16,148
	7,593	*	Cenveo, Inc		43,963
	20,687		Cintas Corp		673,362
	7,992	*	Clean Harbors, Inc		421,578
	1,380	*	Consolidated Graphics, Inc		71,194
	13,239	*	Coolbrands International, Inc		59,840
	10,043	*	Copart, Inc		436,368
	5,323		Corporate Executive Board Co		216,380
	16,621	*	Corrections Corp of America		356,687
	3,888	*	CoStar Group, Inc		228,459
	1,056		Courier Corp		10,148
	19,040		Covanta Holding Corp		329,011
	1,484	*	CRA International, Inc		39,890
	7,246		Deluxe Corp		170,571
	4,166	*	Dolan Media Co		33,036
	8,174		Dun & Bradstreet Corp		593,024
	16,459	*	EnergySolutions, Inc		83,283
	3,616	*	EnerNOC, Inc		60,532
	3,522		Ennis, Inc		61,776
	19,936		Equifax, Inc		685,000
	2,271	*	Exponent, Inc		94,951
	1,588	*	Franklin Covey Co		17,786
	6,802	*	FTI Consulting, Inc		246,845
	2,934	*	Fuel Tech, Inc		18,660
	2,807		G & K Services, Inc (Class A)		95,634
	11,717	*	Geo Group, Inc		243,714
	2,050	*	GP Strategies Corp		26,548
	10,309		Healthcare Services Group		161,748

95

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,376		Heidrick & Struggles International, Inc	$	63,202
	666	*	Heritage-Crystal Clean, Inc		13,347
	8,949		Herman Miller, Inc		205,916
	4,769	*	Higher One Holdings, Inc		94,665
	2,635	*	Hill International, Inc		14,150
	6,441		HNI Corp		134,681
	4,422	*	Hudson Highland Group, Inc		26,488
	3,459	*	Huron Consulting Group, Inc		111,968
	3,048	*	ICF International, Inc		71,201
	8,108	*	IHS, Inc (Class A)		597,479
	4,020	*	Innerworkings, Inc		29,467
	7,501		Interface, Inc (Class A)		120,166
	1,412		Intersections, Inc		27,421
	27,876		Iron Mountain, Inc		881,718
	5,179	*	KAR Auction Services, Inc		92,083
	3,659	*	Kelly Services, Inc (Class A)		57,263
	5,286	*	Kforce, Inc		72,841
	7,420		Kimball International, Inc (Class B)		44,520
	7,844		Knoll, Inc		143,153
	7,281	*	Korn/Ferry International		156,833
	1,528	*	M&F Worldwide Corp		38,292
	12,775		Manpower, Inc		645,393
	3,521		McGrath RentCorp		91,652
	6,857	*	Metalico, Inc		37,576
	4,242		Mine Safety Appliances Co		144,737
	1,750	*	Mistras Group, Inc		29,855
	6,390	*	Mobile Mini, Inc		134,893
	2,313		Multi-Color Corp		62,289
	7,981	*	Navigant Consulting, Inc		93,936
	12,400	*	Nielsen Holdings NV		371,504
	10,156	*	Odyssey Marine Exploration, Inc		29,960
	5,639	*	On Assignment, Inc		57,518
	30,768		Pitney Bowes, Inc		663,050
	4,472		Quad		150,528
	33,528		R.R. Donnelley & Sons Co		630,662
	49,551		Republic Services, Inc		1,438,465
	6,707		Resources Connection, Inc		87,325
	22,564		Robert Half International, Inc		617,802
	11,557		Rollins, Inc		220,623
	1,496	*	RPX Corp		40,018
	2,124		Schawk, Inc (Class A)		33,538
	2,432	*	School Specialty, Inc		29,233
	7,717	*	Spherion Corp		107,421
	2,221	*	Standard Parking Corp		36,957
	13,483		Steelcase, Inc (Class A)		133,886
	13,526	*	Stericycle, Inc		1,110,755
	6,413	*	SYKES Enterprises, Inc		123,771
	2,665	*	Team, Inc		71,289
	9,596	*	Tetra Tech, Inc		211,112
	1,981	*	TMS International Corp		24,525
	8,856		Towers Watson & Co		541,544
	2,740	*	TRC Cos, Inc		15,289

96

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,988	*	TrueBlue, Inc	$	89,880
	2,195		Unifirst Corp		120,396
	7,246		United Stationers, Inc		232,524
	19,497	*	Verisk Analytics, Inc		649,249
	3,326		Viad Corp		68,948
	612		VSE Corp		12,883
	18,781		Waste Connections, Inc		605,499
	74,465		Waste Management, Inc		2,344,902
	2,572	*	WCA Waste Corp		14,635
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		22,343,478
CONSUMER DURABLES & APPAREL - 1.5%
	5,558		American Greetings Corp (Class A)		123,221
	4,122	*	Arctic Cat, Inc		67,931
	9,719	*	Ascena Retail Group, Inc		314,118
	26,395	*	Beazer Homes USA, Inc		76,546
	694		Blyth, Inc		43,902
	14,158		Brunswick Corp		309,069
	10,095		Callaway Golf Co		64,103
	7,593	*	Carter’s, Inc		254,366
	1,064	*	Cavco Industries, Inc		45,284
	2,546		Cherokee, Inc		40,380
	2,187	*	Clarus Corp		18,393
	46,142		Coach, Inc		2,978,928
	1,862		Columbia Sportswear Co		106,879
	15,328	*	CROCS, Inc		480,226
	1,272		CSS Industries, Inc		25,236
	6,259	*	Deckers Outdoor Corp		621,206
	792	*	Delta Apparel, Inc		15,579
	45,263		DR Horton, Inc		537,724
	45,118	*	Eastman Kodak Co		108,283
	3,692		Ethan Allen Interiors, Inc		67,933
	24,234		Fortune Brands, Inc		1,459,128
	8,133	*	Fossil, Inc		1,022,074
	10,025	*	Furniture Brands International, Inc		40,401
	18,012		Garmin Ltd		587,732
	2,758	*	G-III Apparel Group Ltd		85,139
	16,067	*	Hanesbrands, Inc		490,204
	10,454		Harman International Industries, Inc		434,886
	18,801		Hasbro, Inc		743,768
	4,112	*	Helen of Troy Ltd		132,612
	24,146	*	Hovnanian Enterprises, Inc (Class A)		46,360
	11,241	*	Iconix Brand Group, Inc		262,253
	3,728	*	iRobot Corp		130,331
	6,746	*	Jakks Pacific, Inc		117,718
	14,371		Jarden Corp		445,357
	618	*	Johnson Outdoors, Inc		11,019
	13,499		Jones Apparel Group, Inc		174,677
	12,905		KB Home		109,563
	951	*	Kenneth Cole Productions, Inc (Class A)		12,135
	3,617	*	K-Swiss, Inc (Class A)		38,557
	7,941	*	La-Z-Boy, Inc		69,643

97

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,651	*	Leapfrog Enterprises, Inc	$	25,939
	22,264		Leggett & Platt, Inc		483,129
	23,971		Lennar Corp (Class A)		424,047
	2,263	*	Libbey, Inc		35,009
	1,319		Lifetime Brands, Inc		14,509
	14,622	*	Liz Claiborne, Inc		93,581
	3,142	*	M/I Homes, Inc		35,505
	3,627	*	Maidenform Brands, Inc		93,758
	589	*	Marine Products Corp		3,210
	53,740		Mattel, Inc		1,432,707
	5,388		MDC Holdings, Inc		121,823
	4,243	*	Meritage Homes Corp		92,710
	9,121	*	Mohawk Industries, Inc		474,566
	2,261		Movado Group, Inc		36,583
	45,242		Newell Rubbermaid, Inc		702,156
	56,442		Nike, Inc (Class B)		5,088,245
	927	*	NVR, Inc		630,443
	1,956		Oxford Industries, Inc		76,636
	1,911	*	Perry Ellis International, Inc		44,660
	9,265		Phillips-Van Heusen Corp		662,911
	4,863		Polaris Industries, Inc		576,509
	9,757		Polo Ralph Lauren Corp (Class A)		1,317,878
	7,002		Pool Corp		187,304
	51,643	*	Pulte Homes, Inc		354,787
	19,084	*	Quiksilver, Inc		100,382
	1,185		RG Barry Corp		13,473
	6,200		Ryland Group, Inc		91,326
	8,861	*	Sealy Corp		19,406
	5,754	*	Skechers U.S.A., Inc (Class A)		95,804
	709		Skyline Corp		9,593
	7,308	*	Smith & Wesson Holding Corp		24,555
	14,910	*	Standard-Pacific Corp		42,643
	773	*	Steinway Musical Instruments, Inc		22,409
	6,403	*	Steven Madden Ltd		243,954
	2,608		Sturm Ruger & Co, Inc		71,251
	1,489	*	Summer Infant, Inc		12,820
	11,068	*	Tempur-Pedic International, Inc		797,007
	6,175	*	Timberland Co (Class A)		264,228
	24,070	*	Toll Brothers, Inc		480,437
	3,607	*	True Religion Apparel, Inc		121,520
	10,219		Tupperware Corp		638,585
	5,631	*	Under Armour, Inc (Class A)		413,372
	3,035	*	Unifi, Inc		38,939
	2,402	*	Universal Electronics, Inc		56,231
	3,564	*	Vera Bradley, Inc		129,266
	13,446		VF Corp		1,570,493
	6,681	*	Warnaco Group, Inc		356,097
	1,327		Weyco Group, Inc		30,733
	11,934		Whirlpool Corp		826,190
	8,101		Wolverine World Wide, Inc		306,785
	6,193	*	Zagg, Inc		95,063
			TOTAL CONSUMER DURABLES & APPAREL		32,594,031

98

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.3%
	3,884	*	AFC Enterprises	$	60,008
	2,077		Ambassadors Group, Inc		17,696
	2,642	*	American Public Education, Inc		120,396
	5,026		Ameristar Casinos, Inc		111,577
	19,440	*	Apollo Group, Inc (Class A)		988,136
	2,073	*	Archipelago Learning, Inc		19,984
	2,004	*	Ascent Media Corp (Series A)		96,412
	8,580	*	Bally Technologies, Inc		338,309
	2,075	*	Benihana, Inc		19,132
	3,574	*	BJ’s Restaurants, Inc		165,726
	4,398		Bob Evans Farms, Inc		151,907
	7,756	*	Boyd Gaming Corp		67,787
	3,016	*	Bravo Brio Restaurant Group, Inc		67,408
	3,120	*	Bridgepoint Education, Inc		77,251
	13,118		Brinker International, Inc		315,094
	2,836	*	Buffalo Wild Wings, Inc		180,171
	2,258	*	Cambium Learning Group, Inc		7,135
	2,723	*	Capella Education Co		116,408
	9,246	*	Career Education Corp		209,792
	1,971	*	Caribou Coffee Co, Inc		26,037
	67,028		Carnival Corp		2,232,032
	1,372	*	Carrols Restaurant Group, Inc		13,487
	3,633		CBRL Group, Inc		163,885
	3,172		CEC Entertainment, Inc		122,756
	9,085	*	Cheesecake Factory		261,921
	4,807	*	Chipotle Mexican Grill, Inc (Class A)		1,560,256
	4,984		Choice Hotels International, Inc		151,962
	1,939		Churchill Downs, Inc		85,180
	4,822	*	Coinstar, Inc		235,603
	13,634	*	Corinthian Colleges, Inc		56,717
	21,092		Darden Restaurants, Inc		1,071,474
	16,901	*	Denny’s Corp		64,393
	10,614		DeVry, Inc		659,554
	2,624	*	DineEquity, Inc		136,710
	9,582	*	Domino’s Pizza, Inc		257,468
	7,089	*	Education Management Corp		158,156
	640		Einstein Noah Restaurant Group, Inc		10,035
	5,790	*	Gaylord Entertainment Co		169,879
	4,394	*	Grand Canyon Education, Inc		67,624
	50,453		H&R Block, Inc		754,777
	9,887		Hillenbrand, Inc		216,426
	7,058	*	Hyatt Hotels Corp		273,780
	47,154		International Game Technology		876,593
	4,521		International Speedway Corp (Class A)		126,452
	5,414	*	Interval Leisure Group, Inc		69,570
	2,570	*	Isle of Capri Casinos, Inc		21,794
	4,638	*	ITT Educational Services, Inc		397,337
	7,727	*	Jack in the Box, Inc		175,557
	9,762	*	Jamba, Inc		19,719
	4,087	*	K12, Inc		131,111

99

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,989	*	Krispy Kreme Doughnuts, Inc	$	81,710
	62,801	*	Las Vegas Sands Corp		2,962,951
	6,762	*	Life Time Fitness, Inc		282,381
	3,994		Lincoln Educational Services Corp		71,413
	2,778	*	Luby’s, Inc		15,196
	1,501		Mac-Gray Corp		22,065
	2,839		Marcus Corp		27,482
	42,955		Marriott International, Inc (Class A)		1,396,038
	5,079		Matthews International Corp (Class A)		183,809
	4,984	*	McCormick & Schmick’s Seafood Restaurants, Inc		44,059
	163,845		McDonald’s Corp		14,169,315
	57,919	*	MGM Mirage		875,156
	1,611	*	Monarch Casino & Resort, Inc		18,607
	5,278	*	Morgans Hotel Group Co		37,790
	3,462	*	Multimedia Games, Inc		15,025
	1,032		National American University Holdings, Inc		10,578
	5,024	*	O’Charleys, Inc		30,596
	15,568	*	Orient-Express Hotels Ltd (Class A)		153,968
	4,501	*	Panera Bread Co (Class A)		519,010
	3,238	*	Papa John’s International, Inc		101,058
	1,900	*	Peet’s Coffee & Tea, Inc		110,960
	10,666	*	Penn National Gaming, Inc		447,225
	3,275		PF Chang’s China Bistro, Inc		107,846
	9,491	*	Pinnacle Entertainment, Inc		136,955
	2,712	*	Red Lion Hotels Corp		20,476
	1,938	*	Red Robin Gourmet Burgers, Inc		66,706
	8,413		Regis Corp		124,933
	21,275	*	Royal Caribbean Cruises Ltd		651,441
	9,952	*	Ruby Tuesday, Inc		90,464
	6,345	*	Ruth’s Chris Steak House, Inc		36,484
	10,159	*	Scientific Games Corp (Class A)		92,853
	37,150		Service Corp International		388,961
	7,381	*	Shuffle Master, Inc		68,791
	6,636		Six Flags Entertainment Corp		233,654
	8,608	*	Sonic Corp		92,106
	10,258		Sotheby’s (Class A)		434,426
	2,017		Speedway Motorsports, Inc		27,431
	118,286		Starbucks Corp		4,742,085
	30,127		Starwood Hotels & Resorts Worldwide, Inc		1,655,780
	202	*	Steak N Shake Co		74,370
	2,036	*	Steiner Leisure Ltd		98,990
	11,557		Stewart Enterprises, Inc (Class A)		80,321
	2,082		Strayer Education, Inc		253,275
	9,786		Texas Roadhouse, Inc (Class A)		161,665
	3,254	*	Town Sports International Holdings, Inc		29,742
	2,873		Universal Technical Institute, Inc		49,703
	5,451		Vail Resorts, Inc		249,383
	4,466		Weight Watchers International, Inc		344,731
	46,398		Wendy’s		244,517
	8,846	*	WMS Industries, Inc		243,884
	26,896		Wyndham Worldwide Corp		930,333
	12,245		Wynn Resorts Ltd		1,881,812

100

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	73,610		Yum! Brands, Inc	$	3,888,080
			TOTAL CONSUMER SERVICES		52,777,164
DIVERSIFIED FINANCIALS - 7.1%
	8,423		Advance America Cash Advance Centers, Inc		59,382
	8,040	*	Affiliated Managers Group, Inc		838,813
	54,600	*	American Capital Ltd		527,982
	166,045		American Express Co		8,308,892
	38,102		Ameriprise Financial, Inc		2,061,318
	30,312		Apollo Investment Corp		290,389
	31,670		Ares Capital Corp		511,154
	4,826		Artio Global Investors, Inc		53,086
	1,599,387		Bank of America Corp		15,530,048
	195,372		Bank of New York Mellon Corp		4,905,791
	11,792		BGC Partners, Inc (Class A)		96,576
	11,215		BlackRock Kelso Capital Corp		96,785
	14,488		BlackRock, Inc		2,585,528
	22,141	*	Broadpoint Securities Group, Inc		37,861
	3,296		Calamos Asset Management, Inc (Class A)		44,892
	72,084		Capital One Financial Corp		3,445,615
	409		Capital Southwest Corp		38,409
	4,707		Cash America International, Inc		263,404
	8,159		CBOE Holdings, Inc		187,983
	157,936		Charles Schwab Corp		2,357,984
	458,545		Citigroup, Inc		17,580,615
	10,538		CME Group, Inc		3,047,484
	2,438		Cohen & Steers, Inc		96,374
	6,183		Compass Diversified Trust		92,560
	17,302	*	Cowen Group, Inc		68,343
	1,125	*	Credit Acceptance Corp		89,224
	1,981	*	Deerfield Capital Corp		12,619
	388		Diamond Hill Investment Group, Inc		30,136
	85,807		Discover Financial Services		2,197,517
	6,733	*	Dollar Financial Corp		145,500
	4,742		Duff & Phelps Corp		54,011
	40,270	*	E*Trade Financial Corp		639,488
	18,330		Eaton Vance Corp		491,611
	2,461	*	Encore Capital Group, Inc		67,308
	1,720		Epoch Holding Corp		33,368
	3,016		Evercore Partners, Inc (Class A)		85,745
	7,254	*	Ezcorp, Inc (Class A)		241,413
	7,188	*	FBR Capital Markets Corp		20,917
	13,776		Federated Investors, Inc (Class B)		294,393
	10,363		Fifth Street Finance Corp		109,019
	5,888	*	Financial Engines, Inc		139,899
	4,848	*	First Cash Financial Services, Inc		209,773
	11,052	*	First Marblehead Corp		18,236
	22,767		Franklin Resources, Inc		2,890,498
	941		Friedman Billings Ramsey Group, Inc (Class A)		26,423
	3,400		FXCM, Inc		34,340
	974		GAMCO Investors, Inc (Class A)		47,112
	9,708		GFI Group, Inc		44,074

101

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,552		Gladstone Capital Corp	$	22,968
	2,486		Gladstone Investment Corp		17,452
	81,846		Goldman Sachs Group, Inc		11,046,756
	1,077		Golub Capital BDC, Inc		16,855
	3,430	*	Green Dot Corp		111,235
	4,563		Greenhill & Co, Inc		200,955
	4,791	*	Harris & Harris Group, Inc		24,434
	6,810		Hercules Technology Growth Capital, Inc		64,014
	4,553	*	HFF, Inc (Class A)		68,750
	2,600	*	Imperial Holdings, Inc		25,142
	5,588		Interactive Brokers Group, Inc (Class A)		84,602
	11,428	*	IntercontinentalExchange, Inc		1,409,072
	2,126	*	International Assets Holding Corp		48,855
	5,158	*	Internet Capital Group, Inc		56,996
	71,349		Invesco Ltd		1,582,521
	6,512	*	Investment Technology Group, Inc		79,251
	265,342		iShares Russell 3000 Index Fund		20,423,375
	28,255		Janus Capital Group, Inc		238,472
	20,912		Jefferies Group, Inc		395,446
	1,865		JMP Group, Inc		13,689
	626,638		JPMorgan Chase & Co		25,347,507
	5,539		KBW, Inc		94,717
	17,372	*	Knight Capital Group, Inc (Class A)		196,477
	3,090		Kohlberg Capital Corp		22,032
	29,673	*	Ladenburg Thalmann Financial Services, Inc		40,652
	17,117		Lazard Ltd (Class A)		575,131
	24,049		Legg Mason, Inc		707,522
	30,744		Leucadia National Corp		1,035,150
	5,288	*	LPL Investment Holdings, Inc		174,768
	3,110		Main Street Capital Corp		54,301
	4,368		MarketAxess Holdings, Inc		114,136
	1,195	*	Marlin Business Services Corp		14,914
	11,852		MCG Capital Corp		66,016
	1,650		Medallion Financial Corp		15,312
	1,700		Medley Capital Corp		17,510
	25,408	*	MF Global Holdings Ltd		187,257
	30,821		Moody’s Corp		1,097,536
	243,378		Morgan Stanley		5,415,161
	18,550	*	MSCI, Inc (Class A)		658,340
	5,212		MVC Capital, Inc		65,202
	19,139	*	Nasdaq Stock Market, Inc		460,676
	3,846		Nelnet, Inc (Class A)		77,535
	4,400	*	Netspend Holdings, Inc		34,716
	1,083	*	New Mountain Finance Corp		13,223
	4,005	*	NewStar Financial, Inc		42,613
	2,537		NGP Capital Resources Co		19,966
	1,494	*	Nicholas Financial, Inc		18,242
	34,423		Northern Trust Corp		1,545,765
	41,356		NYSE Euronext		1,383,772
	1,322		Oppenheimer Holdings, Inc		34,213
	6,539		optionsXpress Holdings, Inc		98,739
	7,074		PennantPark Investment Corp		75,126

102

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,425	*	PHH Corp	$	158,053
	3,323	*	Pico Holdings, Inc		90,751
	2,547	*	Piper Jaffray Cos		75,086
	2,631	*	Portfolio Recovery Associates, Inc		212,927
	3,955	*	Primus Guaranty Ltd		24,956
	15,892		Prospect Capital Corp		147,796
	2,515		Pzena Investment Management, Inc (Class A)		14,939
	15,733		Raymond James Financial, Inc		499,680
	3,932	*	Safeguard Scientifics, Inc		71,602
	3,006		Sanders Morris Harris Group, Inc		22,936
	22,489		SEI Investments Co		444,832
	81,491		SLM Corp		1,270,445
	5,675		Solar Capital Ltd		130,752
	1,200		Solar Senior Capital Ltd		21,456
	84,000		SPDR Trust Series 1		10,840,200
	79,639		State Street Corp		3,302,629
	8,324	*	Stifel Financial Corp		315,979
	4,254		SWS Group, Inc		23,184
	40,833		T Rowe Price Group, Inc		2,319,314
	33,791		TD Ameritrade Holding Corp		620,403
	1,217		THL Credit, Inc		15,261
	4,942		TICC Capital Corp		44,379
	2,827		Triangle Capital Corp		48,596
	1,018	*	Virtus Investment Partners, Inc		79,974
	13,649		Waddell & Reed Financial, Inc (Class A)		500,918
	976		Westwood Holdings Group, Inc		36,776
	2,324	*	World Acceptance Corp		148,085
			TOTAL DIVERSIFIED FINANCIALS		168,166,868
ENERGY - 11.9%
	17,588	*	Abraxas Petroleum Corp		80,729
	1,357		Alon USA Energy, Inc		16,501
	35,864	*	Alpha Natural Resources, Inc		1,531,751
	2,705	*	Amyris Biotechnologies, Inc		62,621
	78,137		Anadarko Petroleum Corp		6,450,991
	59,643		Apache Corp		7,379,031
	1,431		APCO Argentina, Inc		126,128
	3,884	*	Approach Resources, Inc		100,829
	32,918		Arch Coal, Inc		842,701
	8,690	*	ATP Oil & Gas Corp		125,918
	8,788	*	Atwood Oceanics, Inc		410,400
	67,135		Baker Hughes, Inc		5,194,906
	4,797	*	Basic Energy Services, Inc		155,375
	8,226		Berry Petroleum Co (Class A)		471,761
	8,144	*	Bill Barrett Corp		405,245
	25,865	*	BPZ Energy, Inc		93,631
	18,516	*	Brigham Exploration Co		588,809
	6,424		Bristow Group, Inc		311,436
	16,115		Cabot Oil & Gas Corp		1,193,799
	17,279	*	Cal Dive International, Inc		96,417
	8,240	*	Callon Petroleum Co		57,433
	38,097	*	Cameron International Corp		2,131,146

103

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,968		CARBO Ceramics, Inc	$	463,216
	6,965	*	Carrizo Oil & Gas, Inc		267,456
	11,014	*	Cheniere Energy, Inc		113,444
	102,152		Chesapeake Energy Corp		3,508,921
	316,862		Chevron Corp		32,959,984
	13,023		Cimarex Energy Co		1,147,587
	1,478	*	Clayton Williams Energy, Inc		98,021
	7,634	*	Clean Energy Fuels Corp		122,220
	9,385	*	Cloud Peak Energy, Inc		209,286
	17,055	*	Cobalt International Energy, Inc		210,118
	13,649	*	Complete Production Services, Inc		530,673
	8,330	*	Comstock Resources, Inc		265,727
	15,791	*	Concho Resources, Inc		1,477,722
	222,151		ConocoPhillips		15,992,649
	34,989		Consol Energy, Inc		1,875,410
	2,714	*	Contango Oil & Gas Co		171,199
	6,287	*	Continental Resources, Inc		431,225
	6,954		Core Laboratories NV		755,761
	3,146	*	Crimson Exploration, Inc		9,910
	8,684		Crosstex Energy, Inc		126,786
	13,589	*	CVR Energy, Inc		364,865
	1,349	*	Dawson Geophysical Co		53,542
	2,118		Delek US Holdings, Inc		35,201
	62,610	*	Denbury Resources, Inc		1,209,625
	65,837	*	Devon Energy Corp		5,181,372
	10,137		DHT Maritime, Inc		36,493
	10,616		Diamond Offshore Drilling, Inc		720,083
	12,343	*	Dresser-Rand Group, Inc		659,363
	5,674	*	Dril-Quip, Inc		400,074
	120,841		El Paso Corp		2,483,283
	6,299	*	Endeavour International Corp		78,989
	11,336		Energen Corp		666,670
	4,260	*	Energy Partners Ltd		72,463
	12,790	*	Energy XXI Bermuda Ltd		419,640
	41,483		EOG Resources, Inc		4,231,266
	20,733		Equitable Resources, Inc		1,316,131
	2,142	*	Evolution Petroleum Corp		15,722
	22,084		EXCO Resources, Inc		351,356
	10,247	*	Exterran Holdings, Inc		189,365
	775,963		Exxon Mobil Corp		61,914,087
	37,238	*	FMC Technologies, Inc		1,698,053
	16,902	*	Forest Oil Corp		439,452
	7,907		Frontline Ltd		90,931
	13,849	*	FX Energy, Inc		132,396
	6,422	*	Gastar Exploration Ltd		30,505
	11,607		General Maritime Corp		12,652
	1,599	*	Geokinetics, Inc		9,994
	2,908	*	Georesources, Inc		74,212
	846	*	Gevo, Inc		13,984
	3,452	*	Global Geophysical Services, Inc		58,891
	22,998	*	Global Industries Ltd		117,980
	19,829	*	GMX Resources, Inc		96,171

104

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,163		Golar LNG Ltd	$	234,995
	5,390	*	Goodrich Petroleum Corp		106,884
	4,070	*	Green Plains Renewable Energy, Inc		44,567
	2,239		Gulf Island Fabrication, Inc		77,469
	4,560	*	Gulfmark Offshore, Inc		222,254
	7,446	*	Gulfport Energy Corp		271,481
	143,991		Halliburton Co		7,880,627
	7,942	*	Harvest Natural Resources, Inc		108,805
	19,400	*	Helix Energy Solutions Group, Inc		379,852
	14,457		Helmerich & Payne, Inc		998,256
	26,732	*	Hercules Offshore, Inc		125,640
	46,653		Hess Corp		3,198,530
	15,274		Holly Corp		1,151,507
	3,437	*	Hornbeck Offshore Services, Inc		95,686
	2,659		Houston American Energy Corp		43,767
	21,289	*	Hyperdynamics Corp		112,832
	20,422	*	ION Geophysical Corp		207,079
	139	*	Isramco, Inc		8,507
	5,971	*	James River Coal Co		113,210
	19,329	*	Key Energy Services, Inc		376,722
	26,378		Kinder Morgan, Inc		744,651
	3,401		Knightsbridge Tankers Ltd		70,027
	36,005	*	Kodiak Oil & Gas Corp		244,474
	5,161	*	Kosmos Energy LLC		78,396
	10,766	*	L&L Energy, Inc		53,399
	4,758		Lufkin Industries, Inc		387,682
	21,566	*	Magnum Hunter Resources Corp		154,844
	109,960		Marathon Oil Corp		3,405,461
	56,030	*	Marathon Petroleum Corp		2,453,554
	3,319	*	Matrix Service Co		46,267
	35,838	*	McDermott International, Inc		722,852
	16,571	*	McMoRan Exploration Co		279,056
	6,804	*	Miller Petroleum, Inc		30,006
	1,551	*	Mitcham Industries, Inc		28,166
	30,361		Murphy Oil Corp		1,949,783
	44,938	*	Nabors Industries Ltd		1,186,813
	65,718		National Oilwell Varco, Inc		5,294,899
	1,429	*	Natural Gas Services Group, Inc		22,735
	20,575	*	Newfield Exploration Co		1,387,167
	17,493	*	Newpark Resources, Inc		162,510
	27,276		Noble Energy, Inc		2,718,872
	7,478		Nordic American Tanker Shipping		153,149
	11,634	*	Northern Oil And Gas, Inc		257,577
	9,919	*	Oasis Petroleum, Inc		293,007
	127,836		Occidental Petroleum Corp		12,550,937
	16,770	*	Oceaneering International, Inc		724,464
	8,164	*	Oil States International, Inc		658,835
	4,134		Overseas Shipholding Group, Inc		100,622
	667	*	OYO Geospace Corp		67,654
	21,476	*	Pacific Asia Petroleum, Inc		25,127
	879		Panhandle Oil and Gas, Inc (Class A)		28,814
	26,814	*	Parker Drilling Co		170,001

105

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	15,724	*	Patriot Coal Corp	$	297,341
	24,717		Patterson-UTI Energy, Inc		804,044
	42,044		Peabody Energy Corp		2,416,269
	7,617		Penn Virginia Corp		99,935
	46,964	*	PetroHawk Energy Corp		1,793,555
	3,850	*	Petroleum Development Corp		139,832
	14,228	*	Petroquest Energy, Inc		115,674
	2,254	*	PHI, Inc		48,529
	11,957	*	Pioneer Drilling Co		194,540
	17,728		Pioneer Natural Resources Co		1,648,527
	22,341	*	Plains Exploration & Production Co		871,522
	27,323		Questar Market Resources, Inc		1,197,567
	18,326	*	Quicksilver Resources, Inc		259,313
	25,202		Range Resources Corp		1,642,162
	37,337	*	Rentech, Inc		35,104
	7,704	*	Resolute Energy Corp		125,498
	8,958	*	Rex Energy Corp		99,165
	995	*	Rex Stores Corp		17,144
	911	*	RigNet, Inc		15,751
	8,910	*	Rosetta Resources, Inc		461,271
	20,031	*	Rowan Cos, Inc		784,614
	8,199		RPC, Inc		193,660
	66,417	*	SandRidge Energy, Inc		765,124
	212,878		Schlumberger Ltd		19,237,785
	3,912	*	Scorpio Tankers, Inc		28,910
	3,733		SEACOR Holdings, Inc		374,644
	6,430	*	SemGroup Corp		149,690
	6,243		Ship Finance International Ltd		99,264
	1,683	*	Solazyme, Inc		38,457
	18,731		Southern Union Co		805,433
	53,762	*	Southwestern Energy Co		2,395,635
	100,441		Spectra Energy Corp		2,713,916
	9,543		St. Mary Land & Exploration Co		719,065
	7,805	*	Stone Energy Corp		253,350
	18,711		Sunoco, Inc		760,602
	11,915	*	Superior Energy Services		494,353
	7,449	*	Swift Energy Co		283,807
	10,677	*	Syntroleum Corp		14,307
	2,500		Targa Resources Investments, Inc		84,400
	5,764		Teekay Corp		159,951
	6,495		Teekay Tankers Ltd (Class A)		53,194
	6,025	*	Tesco Corp		128,092
	22,165	*	Tesoro Corp		538,388
	14,972	*	Tetra Technologies, Inc		192,690
	8,017		Tidewater, Inc		435,644
	6,488	*	Triangle Petroleum Corp		48,400
	23,640	*	Ultra Petroleum Corp		1,106,825
	2,612	*	Union Drilling, Inc		29,124
	6,429	*	Unit Corp		385,804
	26,574	*	Uranerz Energy Corp		79,988
	16,061	*	Uranium Energy Corp		53,965
	14,986	*	Uranium Resources, Inc		21,730

106

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	16,271	*	Ur-Energy, Inc	$	27,173
	29,055	*	USEC, Inc		99,078
	8,878	*	Vaalco Energy, Inc		59,127
	89,652		Valero Energy Corp		2,252,058
	29,770	*	Vantage Drilling Co		48,525
	7,067	*	Venoco, Inc		89,822
	9,265	*	VOYAGER OIL & GAS		29,463
	7,280		W&T Offshore, Inc		197,288
	13,013	*	Warren Resources, Inc		52,963
	8,374	*	Western Refining, Inc		171,081
	1,559	*	Westmoreland Coal Co		23,962
	17,940	*	Whiting Petroleum Corp		1,051,284
	8,255	*	Willbros Group, Inc		75,946
	90,867		Williams Cos, Inc		2,880,484
	11,070		World Fuel Services Corp		416,564
	3,822	*	Zion Oil & Gas, Inc		13,530
			TOTAL ENERGY		277,152,057
FOOD & STAPLES RETAILING - 1.8%
	2,506		Andersons, Inc		103,022
	159		Arden Group, Inc (Class A)		14,113
	8,741	*	BJ’s Wholesale Club, Inc		440,109
	5,884		Casey’s General Stores, Inc		264,780
	68,865		Costco Wholesale Corp		5,388,686
	214,184		CVS Corp		7,785,588
	4,367	*	Fresh Market, Inc		155,160
	1,511		Ingles Markets, Inc (Class A)		23,269
	95,882		Kroger Co		2,384,585
	1,907		Nash Finch Co		68,271
	3,132	*	Pantry, Inc		55,812
	3,053		Pricesmart, Inc		178,662
	113,946	*	Rite Aid Corp		148,130
	8,166		Ruddick Corp		342,155
	56,383		Safeway, Inc		1,137,245
	3,602		Spartan Stores, Inc		63,611
	31,938		Supervalu, Inc		274,667
	974	*	Susser Holdings Corp		15,886
	91,785		Sysco Corp		2,807,703
	8,281	*	United Natural Foods, Inc		345,732
	842		Village Super Market (Class A)		22,633
	144,671		Walgreen Co		5,647,956
	278,967		Wal-Mart Stores, Inc		14,704,351
	1,713		Weis Markets, Inc		68,845
	24,018		Whole Foods Market, Inc		1,602,001
	8,370	*	Winn-Dixie Stores, Inc		75,163
			TOTAL FOOD & STAPLES RETAILING		44,118,135
FOOD, BEVERAGE & TOBACCO - 5.1%
	445		Alico, Inc		10,862
	11,613	*	Alliance One International, Inc		38,207
	330,619		Altria Group, Inc		8,695,280
	100,212		Archer Daniels Midland Co		3,044,441

107

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,820		B&G Foods, Inc (Class A)	$	128,148
	1,269	*	Boston Beer Co, Inc (Class A)		114,400
	16,359		Brown-Forman Corp (Class B)		1,203,368
	23,302		Bunge Ltd		1,603,411
	1,831		Calavo Growers, Inc		37,847
	2,205		Cal-Maine Foods, Inc		74,551
	28,605		Campbell Soup Co		945,395
	10,613	*	Central European Distribution Corp		102,734
	9,752	*	Chiquita Brands International, Inc		115,464
	572		Coca-Cola Bottling Co Consolidated		36,905
	311,643		Coca-Cola Co		21,194,841
	50,246		Coca-Cola Enterprises, Inc		1,412,415
	63,451		ConAgra Foods, Inc		1,624,980
	29,235	*	Constellation Brands, Inc (Class A)		596,102
	12,205		Corn Products International, Inc		621,112
	1,544	*	Craft Brewers Alliance, Inc		12,028
	18,074	*	Darling International, Inc		305,089
	28,364	*	Dean Foods Co		312,571
	3,402		Diamond Foods, Inc		243,549
	5,085	*	Dole Food Co, Inc		72,156
	34,216		Dr Pepper Snapple Group, Inc		1,291,996
	797		Farmer Bros Co		6,241
	19,003		Flowers Foods, Inc		416,546
	5,623		Fresh Del Monte Produce, Inc		137,820
	100,241		General Mills, Inc		3,744,001
	19,547	*	Green Mountain Coffee Roasters, Inc		2,031,911
	406		Griffin Land & Nurseries, Inc (Class A)		11,331
	50,639		H.J. Heinz Co		2,665,637
	5,498	*	Hain Celestial Group, Inc		177,750
	10,863	*	Hansen Natural Corp		832,323
	1,197	*	Harbinger Group, Inc		6,356
	11,626	*	Heckmann Corp		70,105
	24,186		Hershey Co		1,365,058
	22,585		Hormel Foods Corp		654,287
	1,936		Imperial Sugar Co		44,683
	2,225		J&J Snack Foods Corp		115,010
	18,440		J.M. Smucker Co		1,436,845
	38,747		Kellogg Co		2,161,308
	259,645		Kraft Foods, Inc (Class A)		8,926,594
	2,876		Lancaster Colony Corp		172,934
	7,973		Lance, Inc		162,729
	1,183		Limoneira Co		24,524
	22,759		Lorillard, Inc		2,417,461
	21,285		McCormick & Co, Inc		1,035,515
	32,161		Mead Johnson Nutrition Co		2,295,331
	1,659		Mgp Ingredients, Inc		13,056
	20,939		Molson Coors Brewing Co (Class B)		943,302
	2,418		National Beverage Corp		35,738
	3,044	*	Omega Protein Corp		36,893
	248,273		PepsiCo, Inc		15,899,403
	279,633		Philip Morris International, Inc		19,901,480
	6,880	*	Pilgrim’s Pride Corp		33,024

108

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,400	*	Primo Water	$	20,160
	9,074	*	Ralcorp Holdings, Inc		784,901
	51,800		Reynolds American, Inc		1,823,360
	3,444		Sanderson Farms, Inc		159,182
	90,353		Sara Lee Corp		1,726,646
	1,580	*	Seneca Foods Corp		40,922
	8,675	*	Smart Balance, Inc		41,120
	25,755	*	Smithfield Foods, Inc		567,125
	16,938	*	Star Scientific, Inc		68,768
	2,764	*	Synutra International, Inc		22,112
	3,655		Tootsie Roll Industries, Inc		102,523
	6,155	*	TreeHouse Foods, Inc		317,844
	47,482		Tyson Foods, Inc (Class A)		833,784
	3,558		Universal Corp		130,650
	7,369		Vector Group Ltd		129,031
			TOTAL FOOD, BEVERAGE & TOBACCO		118,381,176
HEALTH CARE EQUIPMENT & SERVICES - 4.5%
	3,354	*	Abaxis, Inc		79,557
	5,238	*	Abiomed, Inc		86,479
	6,047	*	Accretive Health, Inc		181,652
	10,554	*	Accuray, Inc		72,823
	59,608		Aetna, Inc		2,473,136
	1,742	*	Air Methods Corp		122,114
	8,801	*	Align Technology, Inc		193,534
	894	*	Alimera Sciences, Inc		7,653
	3,355	*	Alliance Imaging, Inc		12,112
	29,415	*	Allscripts Healthcare Solutions, Inc		533,882
	1,314	*	Almost Family, Inc		33,205
	13,199	*	Alphatec Holdings, Inc		38,541
	4,589	*	Amedisys, Inc		118,672
	1,755	*	American Dental Partners, Inc		20,393
	7,337	*	Amerigroup Corp		403,535
	43,493		AmerisourceBergen Corp		1,666,217
	6,171	*	AMN Healthcare Services, Inc		49,738
	4,950	*	Amsurg Corp		125,879
	2,378		Analogic Corp		127,913
	3,787	*	Angiodynamics, Inc		52,374
	9,912	*	Antares Pharma, Inc		22,996
	4,215	*	Arthrocare Corp		139,306
	2,572		Assisted Living Concepts, Inc (A Shares)		40,303
	5,375	*	athenahealth, Inc		315,996
	2,190	*	AtriCure, Inc		26,652
	235		Atrion Corp		46,789
	13,562		Bard (C.R.), Inc		1,338,298
	90,096		Baxter International, Inc		5,240,884
	34,989		Becton Dickinson & Co		2,925,430
	4,335	*	Biolase Technology, Inc		14,912
	4,560	*	Bio-Reference Labs, Inc		90,926
	5,643	*	BioScrip, Inc		40,517
	237,498	*	Boston Scientific Corp		1,700,486
	14,813	*	Brookdale Senior Living, Inc		316,850

109

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,772		Cantel Medical Corp	$	44,176
	4,168	*	Capital Senior Living Corp		36,637
	55,130		Cardinal Health, Inc		2,412,489
	3,469	*	CardioNet, Inc		17,484
	1,985	*	Cardiovascular Systems, Inc		29,676
	34,531	*	CareFusion Corp		911,273
	7,276	*	Catalyst Health Solutions, Inc		476,796
	4,850	*	CBaySystems Holdings Ltd		64,942
	7,699	*	Centene Corp		252,604
	22,578	*	Cerner Corp		1,501,211
	5,273	*	Cerus Corp		14,606
	3,750		Chemed Corp		228,038
	1,783	*	Chindex International, Inc		20,380
	42,586		Cigna Corp		2,119,505
	14,904	*	Community Health Systems, Inc		385,119
	1,870		Computer Programs & Systems, Inc		137,258
	4,075	*	Conceptus, Inc		46,414
	4,127	*	Conmed Corp		107,302
	3,983	*	Continucare Corp		25,173
	7,025		Cooper Cos, Inc		537,342
	1,044	*	Corvel Corp		48,181
	22,807	*	Coventry Health Care, Inc		729,824
	78,312		Covidien plc		3,977,466
	4,302	*	Cross Country Healthcare, Inc		29,727
	4,851	*	CryoLife, Inc		27,990
	4,368	*	Cyberonics, Inc		118,548
	854	*	Cynosure, Inc (Class A)		11,111
	15,208	*	DaVita, Inc		1,270,476
	5,866	*	Delcath Systems, Inc		26,104
	22,537		Dentsply International, Inc		853,927
	10,923	*	DexCom, Inc		154,888
	1,317	*	DynaVox, Inc		8,679
	18,173	*	Edwards Lifesciences Corp		1,296,644
	3,909	*	Emdeon, Inc		60,590
	4,753	*	Emeritus Corp		93,396
	7,629	*	Endologix, Inc		69,271
	2,710		Ensign Group, Inc		76,964
	800	*	ePocrates, Inc		13,152
	789	*	Exactech, Inc		13,484
	4,206	*	EXamWorks, Inc		92,027
	83,182	*	Express Scripts, Inc		4,513,455
	4,392	*	Five Star Quality Care, Inc		21,740
	7,411	*	Gen-Probe, Inc		448,736
	3,435	*	Gentiva Health Services, Inc		61,796
	3,542	*	Greatbatch, Inc		88,267
	4,000	*	Haemonetics Corp		262,000
	5,146	*	Hanger Orthopedic Group, Inc		108,117
	10,149	*	Hansen Medical, Inc		46,482
	20,581	*	HCA Holdings, Inc		549,101
	38,724	*	Health Management Associates, Inc (Class A)		367,878
	13,951	*	Health Net, Inc		392,302
	14,414	*	Healthsouth Corp		351,702

110

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,485	*	Healthspring, Inc	$	430,304
	2,438	*	HealthStream, Inc		33,011
	4,760	*	Healthways, Inc		71,067
	2,213	*	HeartWare International, Inc		147,032
	14,803	*	Henry Schein, Inc		983,807
	9,760		Hill-Rom Holdings, Inc		363,950
	4,409	*	HMS Holdings Corp		333,320
	39,613	*	Hologic, Inc		735,613
	26,512		Humana, Inc		1,977,265
	1,942	*	ICU Medical, Inc		82,496
	9,149	*	Idexx Laboratories, Inc		758,818
	10,133	*	Immucor, Inc		268,525
	7,347	*	Insulet Corp		144,442
	3,369	*	Integra LifeSciences Holdings Corp		151,841
	6,206	*	Intuitive Surgical, Inc		2,485,813
	4,303		Invacare Corp		129,004
	13,207	*	Inverness Medical Innovations, Inc		389,474
	2,372	*	IPC The Hospitalist Co, Inc		107,286
	2,136	*	IRIS International, Inc		22,086
	994	*	Kensey Nash Corp		26,043
	8,007	*	Kindred Healthcare, Inc		150,852
	10,199	*	Kinetic Concepts, Inc		682,721
	3,698	*	K-Kitz, Inc		8,801
	15,774	*	Laboratory Corp of America Holdings		1,431,648
	1,423		Landauer, Inc		80,328
	3,264	*	LHC Group, Inc		74,354
	8,294	*	LifePoint Hospitals, Inc		307,707
	15,136		Lincare Holdings, Inc		387,330
	5,428	*	Magellan Health Services, Inc		282,799
	4,933	*	MAKO Surgical Corp		142,120
	8,168		Masimo Corp		226,907
	39,848		McKesson Corp		3,232,470
	6,844	*	MedAssets, Inc		86,713
	3,196	*	Medcath Corp		41,932
	62,190	*	Medco Health Solutions, Inc		3,910,507
	5,110	*	Medical Action Industries, Inc		38,938
	3,651	*	Medidata Solutions, Inc		74,590
	169,000		Medtronic, Inc		6,092,449
	6,990	*	Merge Healthcare, Inc		35,509
	6,317		Meridian Bioscience, Inc		136,447
	5,302	*	Merit Medical Systems, Inc		83,082
	5,145	*	Metropolitan Health Networks, Inc		29,121
	5,791	*	Molina Healthcare, Inc		131,166
	1,960	*	MWI Veterinary Supply, Inc		174,558
	1,578		National Healthcare Corp		75,065
	3,980	*	Natus Medical, Inc		45,889
	3,603	*	Neogen Corp		149,020
	13,471	*	Neoprobe Corp		38,662
	5,577	*	NuVasive, Inc		159,614
	6,858	*	NxStage Medical, Inc		126,187
	19,002		Omnicare, Inc		579,561
	4,502	*	Omnicell, Inc		77,029

111

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,498	*	OraSure Technologies, Inc	$	59,782
	2,807	*	Orthofix International NV		118,540
	10,394		Owens & Minor, Inc		317,017
	2,480	*	Palomar Medical Technologies, Inc		24,602
	16,520		Patterson Cos, Inc		509,477
	7,576	*	Pediatrix Medical Group, Inc		516,380
	4,546	*	PharMerica Corp		58,052
	1,666	*	Providence Service Corp		19,742
	9,101	*	PSS World Medical, Inc		217,787
	2,996		Quality Systems, Inc		273,715
	24,993		Quest Diagnostics, Inc		1,349,872
	4,329	*	Quidel Corp		64,762
	4,006	*	RadNet, Inc		15,023
	23,818	*	Resmed, Inc		721,447
	2,459	*	Rockwell Medical Technologies, Inc		26,336
	6,469	*	RTI Biologics, Inc		21,283
	6,990	*	Select Medical Holdings Corp		54,872
	8,479	*	Sirona Dental Systems, Inc		428,868
	3,613	*	Skilled Healthcare Group, Inc (Class A)		31,794
	8,051	*	Solta Medical, Inc		19,644
	2,564	*	SonoSite, Inc		83,740
	5,260	*	Spectranetics Corp		36,452
	51,659		St. Jude Medical, Inc		2,402,144
	4,783	*	Staar Surgical Co		21,763
	7,031	*	Stereotaxis, Inc		22,851
	9,126		STERIS Corp		319,319
	49,257		Stryker Corp		2,676,625
	3,592	*	Sun Healthcare Group, Inc		25,144
	9,023	*	Sunrise Senior Living, Inc		79,583
	2,207	*	SurModics, Inc		24,277
	9,766	*	SXC Health Solutions Corp		616,528
	4,990	*	Symmetry Medical, Inc		48,054
	3,331	*	Synergetics USA, Inc		17,521
	1,466	*	Synovis Life Technologies, Inc		24,438
	3,949	*	Team Health Holdings, Inc		86,917
	6,459		Teleflex, Inc		389,026
	80,102	*	Tenet Healthcare Corp		445,367
	8,817	*	Thoratec Corp		297,045
	1,591	*	Tornier BV		41,414
	1,117	*	Transcend Services, Inc		32,460
	2,811	*	Triple-S Management Corp (Class B)		60,633
	6,859	*	Unilife Corp		30,728
	171,194		UnitedHealth Group, Inc		8,496,358
	4,916		Universal American Corp		46,751
	14,451		Universal Health Services, Inc (Class B)		717,348
	3,212	*	Uroplasty, Inc		21,874
	1,850		US Physical Therapy, Inc		44,548
	18,400	*	Varian Medical Systems, Inc		1,154,784
	2,153	*	Vascular Solutions, Inc		28,118
	15,011	*	VCA Antech, Inc		293,315
	7,904	*	Volcano Corp		248,265
	6,586	*	WellCare Health Plans, Inc		288,796

112

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	57,359		WellPoint, Inc	$	3,874,600
	5,343		West Pharmaceutical Services, Inc		234,397
	6,106	*	Wright Medical Group, Inc		95,498
	727		Young Innovations, Inc		21,068
	30,208	*	Zimmer Holdings, Inc		1,813,084
	3,403	*	Zoll Medical Corp		237,053
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		103,194,358
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%
	67,709		Avon Products, Inc		1,776,007
	8,073	*	Central Garden and Pet Co (Class A)		70,719
	21,954		Church & Dwight Co, Inc		885,624
	21,341		Clorox Co		1,527,802
	77,190		Colgate-Palmolive Co		6,513,292
	3,538	*	Elizabeth Arden, Inc		113,994
	11,456	*	Energizer Holdings, Inc		923,812
	17,647		Estee Lauder Cos (Class A)		1,851,348
	1,969		Female Health Co		9,077
	18,602		Herbalife Ltd		1,036,503
	1,974		Inter Parfums, Inc		39,559
	61,047		Kimberly-Clark Corp		3,990,032
	1,740	*	Medifast, Inc		33,582
	1,745	*	Nature’s Sunshine Products, Inc		29,124
	9,038		Nu Skin Enterprises, Inc (Class A)		339,287
	1,366	*	Nutraceutical International Corp		20,217
	674		Oil-Dri Corp of America		13,945
	7,715	*	Prestige Brands Holdings, Inc		94,277
	439,049		Procter & Gamble Co		26,997,124
	1,673	*	Revlon, Inc (Class A)		28,173
	1,530		Schiff Nutrition International, Inc		17,702
	2,342	*	Spectrum Brands, Inc		62,531
	804	*	USANA Health Sciences, Inc		21,989
	2,740		WD-40 Co		120,012
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		46,515,732
INSURANCE - 3.6%
	53,276		ACE Ltd		3,568,426
	73,738		Aflac, Inc		3,396,372
	1,173	*	Alleghany Corp		386,398
	6,819		Allied World Assurance Co Holdings Ltd		371,295
	82,200		Allstate Corp		2,278,584
	8,398		American Equity Investment Life Holding Co		99,684
	12,636		American Financial Group, Inc		429,371
	69,635	*	American International Group, Inc		1,998,525
	980		American National Insurance Co		73,441
	1,178	*	American Safety Insurance Holdings Ltd		22,088
	2,639	*	Amerisafe, Inc		56,765
	3,689		Amtrust Financial Services, Inc		85,659
	51,974		AON Corp		2,500,989
	20,398	*	Arch Capital Group Ltd		689,452
	4,264		Argo Group International Holdings Ltd		125,362
	17,955		Arthur J. Gallagher & Co		504,895

113

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,950		Aspen Insurance Holdings Ltd	$	283,605
	14,895		Assurant, Inc		530,560
	28,384		Assured Guaranty Ltd		401,634
	20,093		Axis Capital Holdings Ltd		640,364
	1,020		Baldwin & Lyons, Inc (Class B)		24,715
	275,914	*	Berkshire Hathaway, Inc (Class B)		20,464,540
	18,642		Brown & Brown, Inc		406,582
	45,995		Chubb Corp		2,873,768
	23,093		Cincinnati Financial Corp		631,132
	6,803	*	Citizens, Inc (Class A)		46,805
	3,694		CNA Financial Corp		101,733
	36,535	*	Conseco, Inc		268,532
	3,194		Crawford & Co (Class B)		22,933
	7,472		Delphi Financial Group, Inc (Class A)		201,146
	1,472		Donegal Group, Inc (Class A)		17,693
	3,364	*	eHealth, Inc		43,564
	358		EMC Insurance Group, Inc		6,684
	6,230		Employers Holdings, Inc		92,578
	6,279		Endurance Specialty Holdings Ltd		255,806
	1,204	*	Enstar Group Ltd		127,191
	4,367		Erie Indemnity Co (Class A)		321,848
	7,097		Everest Re Group Ltd		582,806
	1,841		FBL Financial Group, Inc (Class A)		57,955
	34,528		Fidelity National Title Group, Inc (Class A)		562,806
	16,807		First American Financial Corp		268,744
	7,362		Flagstone Reinsurance Holdings Ltd		65,595
	1,436	*	Fpic Insurance Group, Inc		59,910
	75,857	*	Genworth Financial, Inc (Class A)		631,130
	4,321	*	Greenlight Capital Re Ltd (Class A)		106,988
	1,260	*	Hallmark Financial Services		8,492
	6,611		Hanover Insurance Group, Inc		239,384
	1,895		Harleysville Group, Inc		57,267
	69,475		Hartford Financial Services Group, Inc		1,627,105
	17,850		HCC Insurance Holdings, Inc		537,821
	6,071	*	Hilltop Holdings, Inc		53,121
	6,144		Horace Mann Educators Corp		89,457
	1,092		Independence Holding Co		9,806
	2,309		Infinity Property & Casualty Corp		116,997
	387		Kansas City Life Insurance Co		11,339
	48,401		Lincoln National Corp		1,282,627
	49,982		Loews Corp		1,992,782
	7,070		Maiden Holdings Ltd		65,539
	1,550	*	Markel Corp		620,651
	86,589		Marsh & McLennan Cos, Inc		2,553,510
	14,064		Max Capital Group Ltd		306,455
	22,259	*	MBIA, Inc		204,783
	7,924		Meadowbrook Insurance Group, Inc		74,486
	4,344		Mercury General Corp		161,336
	128,476		Metlife, Inc		5,294,495
	9,569		Montpelier Re Holdings Ltd		165,161
	6,414	*	National Financial Partners Corp		72,671
	1,259		National Interstate Corp		28,214

114

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	310		National Western Life Insurance Co (Class A)	$	53,112
	2,106	*	Navigators Group, Inc		99,277
	40,097		Old Republic International Corp		418,613
	3,022		OneBeacon Insurance Group Ltd (Class A)		38,500
	10,450		PartnerRe Ltd		698,269
	16,445	*	Phoenix Cos, Inc		39,468
	5,779		Platinum Underwriters Holdings Ltd		198,509
	3,263		Presidential Life Corp		37,068
	5,886		Primerica, Inc		127,255
	49,823		Principal Financial Group		1,376,609
	5,288	*	ProAssurance Corp		368,309
	103,192		Progressive Corp		2,030,819
	13,246		Protective Life Corp		281,610
	76,548		Prudential Financial, Inc		4,491,836
	11,941		Reinsurance Group of America, Inc (Class A)		695,086
	7,992		RenaissanceRe Holdings Ltd		556,163
	3,060		RLI Corp		193,239
	1,937		Safety Insurance Group, Inc		78,642
	2,936		SeaBright Insurance Holdings, Inc		26,688
	8,304		Selective Insurance Group, Inc		136,103
	7,036		Stancorp Financial Group, Inc		234,017
	1,886		State Auto Financial Corp		31,270
	2,389		Stewart Information Services Corp		25,323
	10,431		Symetra Financial Corp		131,013
	18,687		Torchmark Corp		754,768
	5,945		Tower Group, Inc		135,903
	9,465		Transatlantic Holdings, Inc		484,703
	66,233		Travelers Cos, Inc		3,651,424
	2,398	*	United America Indemnity Ltd		49,950
	3,242		United Fire & Casualty Co		55,600
	7,694		Unitrin, Inc		216,740
	1,705		Universal Insurance Holdings, Inc		7,280
	49,134		UnumProvident Corp		1,198,378
	12,181		Validus Holdings Ltd		323,893
	17,642		W.R. Berkley Corp		543,197
	1,063		White Mountains Insurance Group Ltd		447,938
	47,755		XL Capital Ltd		979,933
			TOTAL INSURANCE		83,476,657
MATERIALS - 4.4%
	4,432		A. Schulman, Inc		98,169
	650	*	AEP Industries, Inc		17,602
	32,728		Air Products & Chemicals, Inc		2,903,955
	13,346		Airgas, Inc		916,870
	17,408		AK Steel Holding Corp		211,507
	14,169		Albemarle Corp		943,372
	167,364		Alcoa, Inc		2,465,272
	16,379		Allegheny Technologies, Inc		953,094
	14,345	*	Allied Nevada Gold Corp		546,545
	3,604		AMCOL International Corp		110,499
	3,548		American Vanguard Corp		48,466
	10,789		Aptargroup, Inc		550,778

115

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,552		Arch Chemicals, Inc	$	167,370
	12,216		Ashland, Inc		748,108
	5,633		Balchem Corp		246,556
	26,934		Ball Corp		1,045,039
	17,415		Bemis Co, Inc		550,314
	16,180		Boise, Inc		112,127
	2,989	*	Brush Engineered Materials, Inc		113,941
	7,133		Buckeye Technologies, Inc		191,806
	10,148		Cabot Corp		396,787
	8,371	*	Calgon Carbon Corp		124,644
	6,921		Carpenter Technology Corp		397,542
	2,462	*	Castle (A.M.) & Co		42,740
	24,121		Celanese Corp (Series A)		1,329,791
	10,462	*	Century Aluminum Co		136,215
	11,050		CF Industries Holdings, Inc		1,716,286
	1,041		Chase Corp		14,595
	14,842	*	Chemtura		261,219
	1,769	*	Clearwater Paper Corp		133,807
	22,502		Cleveland-Cliffs, Inc		2,021,130
	13,942	*	Coeur d’Alene Mines Corp		380,477
	18,312		Commercial Metals Co		265,707
	5,341		Compass Minerals International, Inc		420,550
	25,219	*	Crown Holdings, Inc		968,662
	7,586		Cytec Industries, Inc		424,816
	1,552		Deltic Timber Corp		80,471
	6,341		Domtar Corp		506,963
	184,802		Dow Chemical Co		6,444,045
	146,012		Du Pont (E.I.) de Nemours & Co		7,507,936
	6,836		Eagle Materials, Inc		169,875
	11,331		Eastman Chemical Co		1,094,461
	35,827		Ecolab, Inc		1,791,350
	14,349	*	Ferro Corp		186,824
	7,835	*	Flotek Industries, Inc		73,884
	11,297		FMC Corp		989,278
	148,280		Freeport-McMoRan Copper & Gold, Inc (Class B)		7,852,908
	2,918	*	FutureFuel Corp		35,775
	15,725	*	General Moly, Inc		71,863
	5,868	*	Georgia Gulf Corp		117,595
	6,453		Glatfelter		97,376
	10,051		Globe Specialty Metals, Inc		231,977
	5,748	*	Gold Resource Corp		142,665
	1,886	*	Golden Minerals Co		27,422
	41,565	*	Golden Star Resources Ltd		105,159
	3,431	*	Graham Packaging Co, Inc		86,976
	22,010	*	Graphic Packaging Holding Co		108,950
	5,900		Greif, Inc (Class A)		360,195
	7,196		H.B. Fuller Co		164,501
	1,202		Hawkins, Inc		41,373
	1,730		Haynes International, Inc		108,367
	9,786	*	Headwaters, Inc		22,410
	43,241	*	Hecla Mining Co		335,983
	6,399	*	Horsehead Holding Corp		71,477

116

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	30,397		Huntsman Corp	$	580,583
	3,560		Innophos Holdings, Inc		171,592
	3,638	*	Innospec, Inc		116,853
	13,342		International Flavors & Fragrances, Inc		816,130
	68,752		International Paper Co		2,041,935
	8,075	*	Intrepid Potash, Inc		268,494
	15,119	*	Jaguar Mining, Inc		72,118
	2,769		Kaiser Aluminum Corp		154,566
	5,608	*	Kapstone Paper and Packaging Corp		87,429
	878		KMG Chemicals, Inc		14,715
	2,822		Koppers Holdings, Inc		104,470
	4,922	*	Kraton Polymers LLC		177,684
	3,406		Kronos Worldwide, Inc		105,450
	3,337	*	Landec Corp		20,623
	20,475	*	Louisiana-Pacific Corp		158,681
	2,843	*	LSB Industries, Inc		112,981
	10,418		Lubrizol Corp		1,402,263
	49,358		LyondellBasell Industries AF S.C.A		1,947,667
	7,052		Martin Marietta Materials, Inc		533,272
	26,865		MeadWestvaco Corp		836,576
	1,583	*	Metals USA Holdings Corp		24,347
	12,181	*	Midway Gold Corp		28,991
	2,940		Minerals Technologies, Inc		190,453
	8,659	*	Molycorp, Inc		550,972
	84,112		Monsanto Co		6,180,549
	43,969	*	Mosaic Co		3,109,487
	4,382		Myers Industries, Inc		52,146
	21,422		Nalco Holding Co		757,268
	2,063		Neenah Paper, Inc		41,652
	1,592		NewMarket Corp		261,120
	75,132		Newmont Mining Corp		4,178,091
	2,057		NL Industries, Inc		37,026
	3,863	*	Noranda Aluminium Holding Corp		53,618
	48,812		Nucor Corp		1,898,299
	12,982		Olin Corp		271,454
	1,094		Olympic Steel, Inc		28,608
	4,534	*	OM Group, Inc		164,494
	5,846	*	Omnova Solutions, Inc		39,519
	24,990	*	Owens-Illinois, Inc		579,018
	15,785		Packaging Corp of America		420,986
	28,467	*	Paramount Gold and Silver Corp		85,686
	14,477		PolyOne Corp		224,394
	24,433		PPG Industries, Inc		2,057,259
	47,660		Praxair, Inc		4,939,481
	1,978		Quaker Chemical Corp		80,188
	11,537		Reliance Steel & Aluminum Co		542,354
	3,657	*	Revett Minerals, Inc		16,566
	10,963		Rock-Tenn Co (Class A)		673,786
	10,565	*	Rockwood Holdings, Inc		638,866
	9,155		Royal Gold, Inc		586,836
	21,687		RPM International, Inc		457,162
	4,635	*	RTI International Metals, Inc		148,644

117

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,401		Schnitzer Steel Industries, Inc (Class A)	$	172,737
	2,819		Schweitzer-Mauduit International, Inc		158,174
	7,487		Scotts Miracle-Gro Co (Class A)		377,794
	25,399		Sealed Air Corp		546,840
	5,624	*	Senomyx, Inc		29,357
	7,823		Sensient Technologies Corp		290,390
	14,650		Sherwin-Williams Co		1,130,541
	18,829		Sigma-Aldrich Corp		1,263,426
	7,629		Silgan Holdings, Inc		295,853
	18,781	*	Solutia, Inc		402,665
	15,375		Sonoco Products Co		492,769
	26,295		Southern Copper Corp (NY)		898,237
	3,858	*	Spartech Corp		22,184
	32,910		Steel Dynamics, Inc		514,054
	1,112		Stepan Co		88,182
	17,335	*	Stillwater Mining Co		265,226
	4,728	*	STR Holdings, Inc		65,057
	17,998		Temple-Inland, Inc		540,300
	3,407		Texas Industries, Inc		131,544
	2,042	*	Texas Petrochemicals, Inc		81,986
	23,612	*	Thompson Creek Metals Co, Inc		213,452
	13,574		Titanium Metals Corp		241,481
	230	*	United States Lime & Minerals, Inc		9,485
	22,222		United States Steel Corp		888,658
	1,088	*	Universal Stainless & Alloy		48,623
	3,926	*	US Energy Corp Wyoming		16,607
	14,632	*	US Gold Corp		92,913
	15,653		Valspar Corp		514,514
	4,085	*	Verso Paper Corp		10,253
	10,576	*	Vista Gold Corp		32,680
	19,965		Vulcan Materials Co		684,600
	9,601		Walter Energy, Inc		1,176,795
	6,892		Wausau Paper Corp		50,863
	3,069		Westlake Chemical Corp		158,821
	909	*	WHX Corp		12,862
	8,807		Worthington Industries, Inc		184,683
	11,359	*	WR Grace & Co		572,948
	3,470		Zep, Inc		65,063
	3,318	*	Zoltek Cos, Inc		33,545
			TOTAL MATERIALS		102,623,981
MEDIA - 3.1%
	4,918		AH Belo Corp (Class A)		31,475
	8,887	*	AMC Networks, Inc		330,508
	4,197		Arbitron, Inc		164,187
	13,153	*	Belo (A.H.) Corp (Class A)		91,939
	35,550		Cablevision Systems Corp (Class A)		865,998
	106,116		CBS Corp (Class B)		2,904,395
	5,299	*	Central European Media Enterprises Ltd (Class A) Nasdaq		101,317
	8,678	*	Charter Communications, Inc		468,612
	14,432		Cinemark Holdings, Inc		281,280
	6,278	*	Clear Channel Outdoor Holdings, Inc (Class A)		73,767

118

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	434,922		Comcast Corp (Class A)	$	10,446,825
	3,179	*	Cumulus Media, Inc (Class A)		11,222
	121,095	*	DIRECTV		6,137,094
	43,972	*	Discovery Communications, Inc (Class A)		1,750,086
	30,947		DISH Network Corp (Class A)		916,960
	11,029	*	DreamWorks Animation SKG, Inc (Class A)		241,094
	3,656	*	Entercom Communications Corp (Class A)		29,029
	4,682	*	Entravision Communications Corp (Class A)		9,036
	4,385	*	EW Scripps Co (Class A)		37,799
	1,402	*	Fisher Communications, Inc		41,107
	35,838		Gannett Co, Inc		457,293
	2,311	*	Global Sources Ltd		21,284
	2,231	*	Global Traffic Network, Inc		26,303
	16,069	*	Gray Television, Inc		39,048
	5,853		Harte-Hanks, Inc		47,819
	3,250	*	interCLICK, Inc		23,303
	74,802		Interpublic Group of Cos, Inc		733,808
	7,174		John Wiley & Sons, Inc (Class A)		359,130
	6,546	*	Journal Communications, Inc (Class A)		32,468
	4,042	*	Knology, Inc		55,497
	8,956	*	Lamar Advertising Co (Class A)		228,020
	37,883	*	Liberty Global, Inc (Class A)		1,583,509
	10,992	*	Liberty Media Corp - Capital (Series A)		877,272
	8,205	*	Liberty Media Corp - Starz		629,816
	4,679	*	Lin TV Corp (Class A)		19,184
	9,665	*	Lions Gate Entertainment Corp		68,622
	21,714	*	Live Nation, Inc		241,025
	9,424	*	Madison Square Garden, Inc		249,736
	3,542	*	Martha Stewart Living Omnimedia, Inc (Class A)		14,522
	12,015	*	McClatchy Co (Class A)		27,034
	47,989		McGraw-Hill Cos, Inc		1,996,342
	3,939	*	MDC Partners, Inc		78,662
	5,443		Meredith Corp		162,474
	4,051		Morningstar, Inc		252,620
	8,096		National CineMedia, Inc		119,254
	19,178	*	New York Times Co (Class A)		164,547
	362,058		News Corp (Class A)		5,800,169
	1,448	*	Nexstar Broadcasting Group, Inc (Class A)		12,684
	44,262		Omnicom Group, Inc		2,076,773
	1,967		Outdoor Channel Holdings, Inc		13,081
	1,498	*	ReachLocal, Inc		27,249
	13,192		Regal Entertainment Group (Class A)		168,726
	1,276	*	Rentrak Corp		21,105
	553	*	Saga Communications, Inc		17,984
	4,288		Scholastic Corp		123,151
	14,225		Scripps Networks Interactive (Class A)		659,187
	7,773		Sinclair Broadcast Group, Inc (Class A)		77,030
	614,605	*	Sirius XM Radio, Inc		1,296,817
	59,210		Thomson Corp		2,038,600
	53,140		Time Warner Cable, Inc		3,895,693
	168,166		Time Warner, Inc		5,912,716
	7,914	*	Valassis Communications, Inc		212,095

119

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	92,120		Viacom, Inc (Class B)	$	4,460,450
	49,052		Virgin Media, Inc		1,297,916
	298,379		Walt Disney Co		11,523,396
	773		Washington Post Co (Class B)		310,978
	731	*	Westwood One, Inc		4,152
	4,307		World Wrestling Entertainment, Inc (Class A)		43,371
			TOTAL MEDIA		73,435,645
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.8%
	245,324		Abbott Laboratories		12,590,028
	6,064	*	Achillion Pharmaceuticals, Inc		44,934
	6,358	*	Acorda Therapeutics, Inc		180,567
	1,501	*	Acura Pharmaceuticals, Inc		4,563
	1,149	*	Aegerion Pharmaceuticals, Inc		18,051
	5,464	*	Affymax, Inc		36,117
	9,694	*	Affymetrix, Inc		54,771
	55,110	*	Agilent Technologies, Inc		2,323,438
	7,885	*	Akorn, Inc		54,643
	2,680	*	Albany Molecular Research, Inc		12,810
	29,190	*	Alexion Pharmaceuticals, Inc		1,657,992
	15,515	*	Alkermes, Inc		267,479
	47,809		Allergan, Inc		3,887,350
	9,992	*	Allos Therapeutics, Inc		18,585
	5,105	*	Alnylam Pharmaceuticals, Inc		47,885
	3,103	*	AMAG Pharmaceuticals, Inc		45,955
	146,606	*	Amgen, Inc		8,019,349
	2,564	*	Amicus Therapeutics, Inc		17,794
	3,124	*	Ampio Pharmaceuticals, Inc		19,744
	20,235	*	Amylin Pharmaceuticals, Inc		240,999
	1,843	*	Anacor Pharmaceuticals, Inc		11,076
	2,525	*	Anthera Pharmaceuticals, Inc		20,124
	2,604	*	Ardea Biosciences, Inc		60,934
	17,616	*	Arena Pharmaceuticals, Inc		28,362
	20,426	*	Ariad Pharmaceuticals, Inc		242,865
	8,073	*	Arqule, Inc		45,209
	9,408	*	Array Biopharma, Inc		19,945
	7,412	*	Auxilium Pharmaceuticals, Inc		138,901
	18,772	*	AVANIR Pharmaceuticals, Inc		70,395
	3,916	*	AVEO Pharmaceuticals, Inc		74,835
	20,795	*	AVI BioPharma, Inc		30,569
	3,536	*	BioCryst Pharmaceuticals, Inc		12,022
	38,188	*	Biogen Idec, Inc		3,890,212
	18,022	*	BioMarin Pharmaceuticals, Inc		562,827
	1,957	*	BioMimetic Therapeutics, Inc		7,554
	3,140	*	Bio-Rad Laboratories, Inc (Class A)		342,260
	14,237	*	Biosante Pharmaceuticals, Inc		41,999
	489	*	Biospecifics Technologies Corp		10,714
	3,128	*	Biotime, Inc		15,265
	269,520		Bristol-Myers Squibb Co		7,724,443
	12,628	*	Bruker BioSciences Corp		217,454
	5,779	*	Cadence Pharmaceuticals, Inc		49,988
	6,331	*	Caliper Life Sciences, Inc		51,598

120

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,815	*	Cambrex Corp	$	12,414
	72,996	*	Celgene Corp		4,328,663
	25,832	*	Cell Therapeutics, Inc		34,873
	3,722	*	Celldex Therapeutics, Inc		13,362
	12,276	*	Cephalon, Inc		981,343
	9,803	*	Cepheid, Inc		370,161
	8,013	*	Charles River Laboratories International, Inc		316,914
	8,105	*	Chelsea Therapeutics International, Inc		40,687
	3,494	*	Cleveland Biolabs, Inc		10,517
	3,890	*	Codexis, Inc		35,010
	11,389	*	Columbia Laboratories, Inc		32,573
	9,440	*	Combinatorx, Inc		21,712
	1,599	*	Complete Genomics, Inc		19,812
	6,115	*	Corcept Therapeutics, Inc		21,892
	2,479	*	Cornerstone Therapeutics, Inc		18,741
	9,545	*	Covance, Inc		546,451
	9,343	*	Cubist Pharmaceuticals, Inc		317,382
	18,447	*	Curis, Inc		64,380
	6,818	*	Cytori Therapeutics, Inc		29,522
	22,380	*	Dendreon Corp		825,822
	9,004	*	Depomed, Inc		68,070
	11,171	*	Durect Corp		23,012
	3,790	*	Dusa Pharmaceuticals, Inc		19,291
	14,065	*	Dyax Corp		23,067
	21,936	*	Dynavax Technologies Corp		61,421
	160,942		Eli Lilly & Co		6,164,079
	3,782	*	Emergent Biosolutions, Inc		78,098
	17,988	*	Endo Pharmaceuticals Holdings, Inc		670,053
	2,287	*	Endocyte, Inc		30,486
	6,172	*	Enzo Biochem, Inc		23,700
	7,026	*	Enzon Pharmaceuticals, Inc		68,293
	6,832	*	eResearch Technology, Inc		43,520
	8,084	*	Exact Sciences Corp		69,037
	20,357	*	Exelixis, Inc		156,749
	973	*	Fluidigm Corp		16,502
	44,518	*	Forest Laboratories, Inc		1,649,837
	1,260	*	Furiex Pharmaceuticals Inc		23,890
	2,412	*	Genomic Health, Inc		64,762
	20,885	*	Geron Corp		80,407
	123,661	*	Gilead Sciences, Inc		5,238,280
	2,969	*	GTx, Inc		12,440
	12,655	*	Halozyme Therapeutics, Inc		87,826
	3,375	*	Harvard Bioscience, Inc		17,078
	1,624	*	Hi-Tech Pharmacal Co, Inc		45,943
	26,686	*	Hospira, Inc		1,364,188
	29,143	*	Human Genome Sciences, Inc		612,294
	8,355	*	Idenix Pharmaceuticals, Inc		55,811
	19,013	*	Illumina, Inc		1,187,362
	11,628	*	Immunogen, Inc		157,327
	10,439	*	Immunomedics, Inc		42,591
	9,659	*	Impax Laboratories, Inc		204,578
	13,802	*	Incyte Corp		240,707

121

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,412	*	Infinity Pharmaceuticals, Inc	$	21,708
	9,853	*	Inhibitex, Inc		40,791
	3,877	*	Insmed, Inc		44,547
	7,556	*	InterMune, Inc		252,219
	7,736	*	Ironwood Pharmaceuticals, Inc		115,653
	15,272	*	Isis Pharmaceuticals, Inc		131,950
	3,996	*	ISTA Pharmaceuticals, Inc		19,860
	3,392	*	Jazz Pharmaceuticals, Inc		137,274
	431,171		Johnson & Johnson		27,935,570
	10,897	*	Keryx Biopharmaceuticals, Inc		48,056
	7,689	*	KV Pharmaceutical Co (Class A)		15,301
	1,247	*	Lannett Co, Inc		5,923
	28,239	*	Lexicon Pharmaceuticals, Inc		47,442
	28,744	*	Life Technologies Corp		1,294,342
	2,584	*	Ligand Pharmaceuticals, Inc (Class B)		35,194
	5,337	*	Luminex Corp		108,608
	11,870	*	MannKind Corp		39,408
	3,343	*	MAP Pharmaceuticals, Inc		51,348
	4,306		Maxygen, Inc		23,382
	8,425	*	Medicines Co		126,207
	9,416		Medicis Pharmaceutical Corp (Class A)		350,087
	4,796	*	Medivation, Inc		101,771
	1,186		Medtox Scientific, Inc		18,513
	487,041		Merck & Co, Inc		16,622,709
	4,309	*	Metabolix, Inc		29,430
	5,259	*	Mettler-Toledo International, Inc		814,146
	14,111	*	Micromet, Inc		79,868
	7,537	*	Momenta Pharmaceuticals, Inc		133,103
	69,498	*	Mylan Laboratories, Inc		1,583,164
	13,599	*	Myriad Genetics, Inc		289,251
	6,350	*	Nabi Biopharmaceuticals		12,510
	17,086	*	Nektar Therapeutics		110,034
	3,540	*	Neostem, Inc		3,009
	6,864	*	Neurocrine Biosciences, Inc		53,059
	12,907	*	Novavax, Inc		24,136
	13,302	*	NPS Pharmaceuticals, Inc		128,497
	2,775	*	Nymox Pharmaceutical Corp		22,172
	2,140	*	Obagi Medical Products, Inc		22,192
	1,563	*	OncoGenex Pharmaceutical, Inc		22,601
	6,426	*	Oncothyreon, Inc		51,472
	10,068	*	Onyx Pharmaceuticals, Inc		332,043
	22,761	*	Opko Health, Inc		99,010
	7,102	*	Optimer Pharmaceuticals, Inc		75,139
	4,654	*	Orexigen Therapeutics, Inc		7,679
	2,607	*	Osiris Therapeutics, Inc		18,640
	5,269	*	Pacific Biosciences of California, Inc		58,012
	5,664		Pain Therapeutics, Inc		27,300
	5,581	*	Par Pharmaceutical Cos, Inc		180,769
	9,108	*	Parexel International Corp		186,987
	21,864		PDL BioPharma, Inc		135,338
	7,251	*	Peregrine Pharmaceuticals, Inc		12,544
	17,722		PerkinElmer, Inc		433,480

122

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	13,258		Perrigo Co	$	1,197,330
	1,246,042		Pfizer, Inc		23,973,849
	16,384		Pharmaceutical Product Development, Inc		472,351
	7,172	*	Pharmacyclics, Inc		89,722
	5,754	*	Pharmasset, Inc		698,421
	5,245	*	PharmAthene, Inc		13,899
	4,323	*	Pozen, Inc		19,237
	4,070	*	Progenics Pharmaceuticals, Inc		22,222
	38,190	*	Qiagen N.V.		646,939
	8,475	*	Questcor Pharmaceuticals, Inc		263,149
	4,983	*	Raptor Pharmaceutical Corp		28,104
	11,428	*	Regeneron Pharmaceuticals, Inc		606,370
	10,614	*	Rigel Pharmaceuticals, Inc		92,236
	1,054	*	Sagent Pharmaceuticals		29,375
	9,046	*	Salix Pharmaceuticals Ltd		350,804
	8,163	*	Sangamo Biosciences, Inc		44,243
	10,786	*	Santarus, Inc		35,162
	9,873	*	Savient Pharmaceuticals, Inc		69,111
	6,323	*	Sciclone Pharmaceuticals, Inc		40,594
	14,920	*	Seattle Genetics, Inc		254,088
	15,267	*	Sequenom, Inc		107,785
	6,018	*	SIGA Technologies, Inc		45,797
	7,699	*	Spectrum Pharmaceuticals, Inc		81,609
	1,460	*	Sucampo Pharmaceuticals, Inc (Class A)		5,869
	7,892	*	SuperGen, Inc		24,150
	4,090	*	Synta Pharmaceuticals Corp		19,100
	4,241	*	Targacept, Inc		86,686
	6,082		Techne Corp		460,955
	10,757	*	Theravance, Inc		229,985
	60,558	*	Thermo Electron Corp		3,638,930
	8,728	*	United Therapeutics Corp		500,813
	4,080	*	Vanda Pharmaceuticals, Inc		29,294
	32,423	*	Vertex Pharmaceuticals, Inc		1,681,457
	10,847	*	Vical, Inc		52,174
	11,743	*	Viropharma, Inc		212,313
	13,600	*	Vivus, Inc		111,656
	26,219		Warner Chilcott plc		551,123
	14,178	*	Waters Corp		1,246,104
	20,134	*	Watson Pharmaceuticals, Inc		1,351,595
	4,065	*	Xenoport, Inc		28,821
	8,904	*	ZIOPHARM Oncology, Inc		48,438
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		161,850,843
REAL ESTATE - 3.1%
	6,692		Acadia Realty Trust		140,465
	3,718		Agree Realty Corp		84,436
	370		Alexander’s, Inc		148,370
	9,585		Alexandria Real Estate Equities, Inc		785,970
	71,992		AMB Property Corp		2,565,074
	4,945		American Assets Trust, Inc		108,741
	10,510		American Campus Communities, Inc		391,182
	27,442		American Capital Agency Corp		766,181

123

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	146,855		Annaly Capital Management, Inc	$	2,464,227
	19,639		Anworth Mortgage Asset Corp		136,098
	18,000		Apartment Investment & Management Co (Class A)		491,400
	3,440		Apollo Commercial Real Estate Finance, Inc		53,526
	3,642	*	ARMOUR Residential REIT, Inc		26,368
	7,208		Ashford Hospitality Trust, Inc		78,567
	8,331		Associated Estates Realty Corp		151,208
	13,523		AvalonBay Communities, Inc		1,814,651
	976	*	Avatar Holdings, Inc		14,933
	20,127		BioMed Realty Trust, Inc		394,892
	22,748		Boston Properties, Inc		2,442,225
	20,917		Brandywine Realty Trust		250,795
	11,730		BRE Properties, Inc (Class A)		615,590
	10,752		Camden Property Trust		721,137
	4,500		Campus Crest Communities, Inc		53,910
	10,696		Capital Lease Funding, Inc		47,597
	11,551		Capstead Mortgage Corp		146,005
	46,274	*	CB Richard Ellis Group, Inc (Class A)		1,008,772
	22,448		CBL & Associates Properties, Inc		398,676
	12,577		Cedar Shopping Centers, Inc		62,382
	5,040		Chatham Lodging Trust		78,422
	5,240		Chesapeake Lodging Trust		86,460
	161,296		Chimera Investment Corp		496,792
	17,419		Cogdell Spencer, Inc		103,817
	12,850		Colonial Properties Trust		276,918
	5,093		Colony Financial, Inc		89,688
	600		Consolidated-Tomoka Land Co		17,508
	2,900		Coresite Realty		48,836
	11,728		Corporate Office Properties Trust		364,389
	14,101		Cousins Properties, Inc		120,000
	8,440		CreXus Investment Corp		88,704
	12,777		Cypress Sharpridge Investments, Inc		157,285
	42,392		DCT Industrial Trust, Inc		229,765
	33,254		Developers Diversified Realty Corp		485,841
	24,950		DiamondRock Hospitality Co		254,989
	14,587		Digital Realty Trust, Inc		892,870
	19,258		Douglas Emmett, Inc		385,160
	38,889		Duke Realty Corp		546,002
	9,123		DuPont Fabros Technology, Inc		232,545
	6,257		Dynex Capital, Inc		56,939
	4,488		EastGroup Properties, Inc		199,806
	11,105		Education Realty Trust, Inc		97,502
	7,211		Entertainment Properties Trust		335,239
	4,808		Equity Lifestyle Properties, Inc		313,289
	8,259		Equity One, Inc		160,225
	46,352		Equity Residential		2,865,480
	5,319		Essex Property Trust, Inc		746,575
	6,147		Excel Trust, Inc		70,506
	14,495		Extra Space Storage, Inc		308,164
	9,869		Federal Realty Investment Trust		861,958
	20,907	*	FelCor Lodging Trust, Inc		107,462
	12,205	*	First Industrial Realty Trust, Inc		144,629

124

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,788		First Potomac Realty Trust	$	121,649
	22,500	*	Forest City Enterprises, Inc (Class A)		405,225
	5,209	*	Forestar Real Estate Group, Inc		84,907
	10,751		Franklin Street Properties Corp		135,570
	87,047		General Growth Properties, Inc		1,463,260
	3,993		Getty Realty Corp		92,638
	1,129		Gladstone Commercial Corp		19,622
	15,323		Glimcher Realty Trust		150,932
	5,380		Government Properties Income Trust		133,047
	12,927		Hatteras Financial Corp		346,702
	64,143		HCP, Inc		2,355,972
	27,308		Health Care REIT, Inc		1,441,316
	12,790		Healthcare Realty Trust, Inc		250,684
	21,814		Hersha Hospitality Trust		114,305
	11,165		Highwoods Properties, Inc		384,411
	6,625		Home Properties, Inc		434,070
	18,998		Hospitality Properties Trust		479,700
	106,080		Host Marriott Corp		1,681,368
	3,321	*	Howard Hughes Corp		200,788
	11,096		HRPT Properties Trust		262,088
	3,464		Hudson Pacific Properties		52,826
	11,934		Inland Real Estate Corp		105,258
	12,957		Invesco Mortgage Capital, Inc		253,698
	13,554		Investors Real Estate Trust		110,194
	19,199	*	iStar Financial, Inc		134,585
	6,622		Jones Lang LaSalle, Inc		563,665
	4,126		Kennedy-Wilson Holdings, Inc		49,677
	9,176		Kilroy Realty Corp		354,010
	61,011		Kimco Realty Corp		1,161,039
	7,775		Kite Realty Group Trust		35,299
	13,482		LaSalle Hotel Properties		337,185
	19,124		Lexington Corporate Properties Trust		160,642
	17,783		Liberty Property Trust		603,911
	4,632		LTC Properties, Inc		125,759
	20,231		Macerich Co		1,074,873
	14,031		Mack-Cali Realty Corp		466,811
	12,188	*	Maguire Properties, Inc		40,342
	17,177		Medical Properties Trust, Inc		202,002
	57,716		MFA Mortgage Investments, Inc		432,293
	5,795		Mid-America Apartment Communities, Inc		410,228
	3,502		Mission West Properties, Inc		28,366
	5,442		Monmouth Real Estate Investment Corp (Class A)		44,842
	4,153		National Health Investors, Inc		188,920
	13,856		National Retail Properties, Inc		347,647
	18,479		Newcastle Investment Corp		111,059
	16,400		NorthStar Realty Finance Corp		63,632
	5,692		NRDC Acquisition Corp		63,295
	16,069		Omega Healthcare Investors, Inc		315,595
	2,531		One Liberty Properties, Inc		39,129
	3,583		Parkway Properties, Inc		63,168
	7,828		Pebblebrook Hotel Trust		154,760
	9,416		Pennsylvania Real Estate Investment Trust		137,474

125

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,806		Pennymac Mortgage Investment Trust	$	92,954
	26,709		Piedmont Office Realty Trust, Inc		548,870
	24,878		Plum Creek Timber Co, Inc		950,837
	7,694		Post Properties, Inc		326,226
	7,720		Potlatch Corp		256,458
	2,910		PS Business Parks, Inc		165,317
	22,076		Public Storage, Inc		2,640,951
	5,840		RAIT Investment Trust		32,470
	5,390		Ramco-Gershenson Properties		66,135
	12,949		Rayonier, Inc		834,563
	19,597		Realty Income Corp		636,119
	12,169		Redwood Trust, Inc		174,382
	13,901		Regency Centers Corp		624,433
	8,542		Resource Capital Corp		48,689
	3,736		RLJ Lodging Trust		64,334
	3,592		Sabra Healthcare REIT, Inc		51,761
	1,280		Saul Centers, Inc		50,496
	21,944		Senior Housing Properties Trust		525,339
	45,955		Simon Property Group, Inc		5,538,036
	12,499		SL Green Realty Corp		1,025,168
	4,316		Sovran Self Storage, Inc		175,014
	10,926	*	St. Joe Co		193,499
	2,533		STAG Industrial, Inc		31,131
	14,220		Starwood Property Trust, Inc		275,868
	27,728	*	Strategic Hotels & Resorts, Inc		188,550
	3,900		Summit Hotel Properties, Inc		43,992
	3,278		Sun Communities, Inc		125,449
	17,471	*	Sunstone Hotel Investors, Inc		155,667
	12,548		Tanger Factory Outlet Centers, Inc		344,443
	8,860		Taubman Centers, Inc		530,714
	2,219	*	Tejon Ranch Co		71,208
	1,200		Terreno Realty Corp		19,980
	20,652		Two Harbors Investment Corp		202,390
	33,704		UDR, Inc		886,752
	1,151		UMH Properties, Inc		12,293
	2,089		Universal Health Realty Income Trust		86,088
	3,532		Urstadt Biddle Properties, Inc (Class A)		62,658
	15,274		U-Store-It Trust		162,668
	39,158		Ventas, Inc		2,119,623
	28,771		Vornado Realty Trust		2,691,526
	4,032		Walter Investment Management Corp		97,534
	10,187		Washington Real Estate Investment Trust		326,188
	18,664		Weingarten Realty Investors		480,038
	83,573		Weyerhaeuser Co		1,670,624
	1,246		Whitestone REIT		15,700
	4,496		Winthrop Realty Trust		49,726
			TOTAL REAL ESTATE		72,050,442
RETAILING - 3.7%
	6,893	*	1-800-FLOWERS.COM, Inc (Class A)		20,748
	8,686	*	99 Cents Only Stores		171,549
	12,400		Aaron’s, Inc		312,604

126

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,014		Abercrombie & Fitch Co (Class A)	$	1,024,704
	12,714		Advance Auto Parts, Inc		698,889
	14,275	*	Aeropostale, Inc		240,534
	57,413	*	Amazon.com, Inc		12,775,541
	32,235		American Eagle Outfitters, Inc		423,568
	1,425	*	America’s Car-Mart, Inc		48,222
	8,017	*	Ann Taylor Stores Corp		207,961
	4,517	*	Asbury Automotive Group, Inc		97,251
	2,726	*	Audiovox Corp (Class A)		19,600
	6,719	*	Autonation, Inc		252,702
	4,261	*	Autozone, Inc		1,216,302
	4,807		Barnes & Noble, Inc		83,642
	4,754		Bebe Stores, Inc		35,227
	39,200	*	Bed Bath & Beyond, Inc		2,292,808
	49,822		Best Buy Co, Inc		1,375,087
	2,960		Big 5 Sporting Goods Corp		24,420
	11,641	*	Big Lots, Inc		405,456
	1,854	*	Blue Nile, Inc		78,535
	1,900	*	Body Central Corp		40,831
	1,538		Bon-Ton Stores, Inc		15,611
	6,047		Brown Shoe Co, Inc		61,075
	4,157		Buckle, Inc		184,197
	4,942	*	Build-A-Bear Workshop, Inc		30,591
	7,076	*	Cabela’s, Inc		193,599
	34,844	*	Carmax, Inc		1,113,963
	6,447	*	Casual Male Retail Group, Inc		27,142
	4,283		Cato Corp (Class A)		119,153
	24,578	*	Charming Shoppes, Inc		100,770
	27,212		Chico’s FAS, Inc		410,629
	4,220	*	Children’s Place Retail Stores, Inc		203,910
	4,288		Christopher & Banks Corp		27,014
	1,998	*	Citi Trends, Inc		28,032
	4,594	*	Coldwater Creek, Inc		5,788
	9,453	*	Collective Brands, Inc		111,356
	2,804	*	Conn’s, Inc		23,077
	1,565	*	Core-Mark Holding Co, Inc		58,281
	2,906	*	Cost Plus, Inc		25,834
	1,274		Destination Maternity Corp		20,919
	14,560	*	Dick’s Sporting Goods, Inc		538,720
	5,229		Dillard’s, Inc (Class A)		294,184
	15,296	*	Dollar General Corp		481,212
	19,879	*	Dollar Tree, Inc		1,316,586
	3,330	*	DSW, Inc (Class A)		176,423
	31,294		Expedia, Inc		991,707
	8,781		Express Parent LLC		197,046
	19,835		Family Dollar Stores, Inc		1,053,437
	9,427		Finish Line, Inc (Class A)		200,795
	24,521		Foot Locker, Inc		532,841
	5,586		Fred’s, Inc (Class A)		73,623
	22,318	*	GameStop Corp (Class A)		526,258
	62,375		Gap, Inc		1,203,214
	3,636	*	Genesco, Inc		188,345

127

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	24,307		Genuine Parts Co	$	1,292,159
	3,479	*	GNC Holdings, Inc		87,671
	3,696		Group 1 Automotive, Inc		176,040
	9,665		Guess ?, Inc		368,430
	2,061		Haverty Furniture Cos, Inc		22,856
	2,726	*	hhgregg, Inc		33,612
	5,124	*	Hibbett Sports, Inc		201,066
	250,654		Home Depot, Inc		8,755,343
	7,426		Hot Topic, Inc		55,472
	6,199	*	HSN, Inc		202,645
	25,536		JC Penney Co, Inc		785,487
	4,071	*	JOS A Bank Clothiers, Inc		208,883
	1,939	*	Kirkland’s, Inc		20,922
	45,601		Kohl’s Corp		2,494,831
	92,447	*	Liberty Media Holding Corp (Interactive A)		1,517,055
	41,081		Limited Brands, Inc		1,555,327
	3,205		Lithia Motors, Inc (Class A)		66,151
	22,580	*	LKQ Corp		554,791
	204,353		Lowe’s Cos, Inc		4,409,937
	4,099	*	Lumber Liquidators, Inc		64,395
	67,061		Macy’s, Inc		1,936,051
	3,551	*	MarineMax, Inc		32,634
	7,771		Men’s Wearhouse, Inc		254,811
	4,809		Monro Muffler, Inc		171,970
	8,308	*	NetFlix, Inc		2,209,845
	4,007	*	New York & Co, Inc		21,878
	25,200		Nordstrom, Inc		1,264,032
	4,512		Nutri/System, Inc		67,409
	43,698	*	Office Depot, Inc		165,178
	13,424	*	OfficeMax, Inc		95,042
	5,014	*	Orbitz Worldwide, Inc		16,346
	22,017	*	O’Reilly Automotive, Inc		1,310,012
	2,214	*	Overstock.com, Inc		28,096
	16,494	*	Pacific Sunwear Of California, Inc		46,018
	6,883		Penske Auto Group, Inc		152,321
	8,098		PEP Boys - Manny Moe & Jack		87,054
	3,459		PetMed Express, Inc		37,945
	18,365		Petsmart, Inc		790,062
	16,383	*	Pier 1 Imports, Inc		180,049
	7,820	*	Priceline.com, Inc		4,204,423
	16,808		RadioShack Corp		233,967
	9,641		Rent-A-Center, Inc		260,789
	18,167		Ross Stores, Inc		1,376,514
	3,224	*	Rue21, Inc		105,973
	17,822	*	Saks, Inc		191,408
	14,420	*	Sally Beauty Holdings, Inc		248,024
	5,981	*	Sears Holdings Corp		416,696
	11,250	*	Select Comfort Corp		189,225
	1,157	*	Shoe Carnival, Inc		36,550
	4,743	*	Shutterfly, Inc		258,019
	13,415	*	Signet Jewelers Ltd		574,699
	6,881		Sonic Automotive, Inc (Class A)		107,825

128

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	642	*	Sourceforge, Inc	$	15,819
	4,767		Stage Stores, Inc		84,853
	112,731		Staples, Inc		1,810,460
	4,146		Stein Mart, Inc		39,387
	1,050	*	Syms Corp		10,962
	1,318		Systemax, Inc		21,470
	12,239	*	Talbots, Inc		42,347
	109,089		Target Corp		5,616,993
	19,741		Tiffany & Co		1,571,186
	61,065		TJX Companies, Inc		3,376,895
	11,668		Tractor Supply Co		769,155
	4,620	*	Tuesday Morning Corp		19,866
	7,008	*	Ulta Salon Cosmetics & Fragrance, Inc		441,714
	18,567	*	Urban Outfitters, Inc		604,170
	1,757	*	US Auto Parts Network, Inc		13,160
	6,432	*	Valuevision International, Inc (Class A)		48,176
	4,244	*	Vitamin Shoppe, Inc		184,869
	1,913	*	West Marine, Inc		19,608
	15,462	*	Wet Seal, Inc (Class A)		75,609
	16,241		Williams-Sonoma, Inc		601,242
	356		Winmark Corp		16,095
	7,490	*	Zale Corp		42,019
	3,026	*	Zumiez, Inc		80,401
			TOTAL RETAILING		87,831,907
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.6%
	7,481	*	Advanced Analogic Technologies, Inc		45,260
	6,807	*	Advanced Energy Industries, Inc		72,222
	94,927	*	Advanced Micro Devices, Inc		696,764
	2,269	*	Alpha & Omega Semiconductor Lt		25,504
	50,602		Altera Corp		2,068,610
	14,838	*	Amkor Technology, Inc		79,087
	1,463	*	Amtech Systems, Inc		26,261
	7,823	*	Anadigics, Inc		24,564
	47,438		Analog Devices, Inc		1,631,867
	207,157		Applied Materials, Inc		2,552,174
	9,356	*	Applied Micro Circuits Corp		59,036
	71,306	*	Atmel Corp		862,803
	4,593	*	ATMI, Inc		85,659
	29,681		Avago Technologies Ltd		998,172
	14,057	*	Axcelis Technologies, Inc		23,335
	7,082	*	AXT, Inc		61,826
	84,215		Broadcom Corp (Class A)		3,121,850
	9,255	*	Brooks Automation, Inc		88,015
	4,325	*	Cabot Microelectronics Corp		167,334
	7,517	*	Cavium Networks, Inc		259,261
	4,315	*	Ceva, Inc		130,399
	10,068	*	Cirrus Logic, Inc		152,832
	3,262		Cohu, Inc		40,840
	16,883	*	Cree, Inc		554,775
	4,737	*	Cymer, Inc		208,570
	25,949		Cypress Semiconductor Corp		534,030

129

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,490	*	Diodes, Inc	$	129,290
	3,224	*	DSP Group, Inc		24,470
	22,961	*	Entegris, Inc		196,776
	12,682	*	Entropic Communications, Inc		84,716
	6,660	*	Exar Corp		44,023
	19,188	*	Fairchild Semiconductor International, Inc		288,012
	9,395	*	First Solar, Inc		1,110,771
	7,025	*	Formfactor, Inc		64,560
	6,555	*	Freescale Semiconductor Holdings Ltd		107,043
	6,190	*	FSI International, Inc		17,518
	2,225	*	GSI Technology, Inc		14,285
	19,127	*	GT Solar International, Inc		260,892
	5,479	*	Hittite Microwave Corp		306,769
	3,130	*	Inphi Corp		39,720
	22,756	*	Integrated Device Technology, Inc		155,651
	6,037	*	Integrated Silicon Solution, Inc		53,669
	836,633		Intel Corp		18,682,014
	11,788	*	International Rectifier Corp		302,834
	19,406		Intersil Corp (Class A)		233,842
	3,943	*	IXYS Corp		53,783
	26,438		Kla-Tencor Corp		1,052,761
	8,389	*	Kopin Corp		36,073
	11,066	*	Kulicke & Soffa Industries, Inc		101,807
	19,893	*	Lam Research Corp		813,226
	22,414	*	Lattice Semiconductor Corp		138,967
	36,376		Linear Technology Corp		1,065,817
	93,527	*	LSI Logic Corp		688,359
	7,687	*	LTX-Credence Corp		55,270
	81,841	*	Marvell Technology Group Ltd		1,212,884
	45,614		Maxim Integrated Products, Inc		1,047,297
	2,551	*	MaxLinear, Inc		16,964
	35,710	*	MEMC Electronic Materials, Inc		264,968
	7,729		Micrel, Inc		78,449
	30,474		Microchip Technology, Inc		1,028,498
	138,273	*	Micron Technology, Inc		1,019,072
	13,962	*	Microsemi Corp		277,146
	5,082	*	Mindspeed Technologies, Inc		34,608
	7,500	*	MIPS Technologies, Inc		53,850
	8,040		MKS Instruments, Inc		200,598
	4,815	*	Monolithic Power Systems, Inc		64,954
	3,715	*	MoSys, Inc		19,801
	2,519	*	Nanometrics, Inc		42,546
	38,807		National Semiconductor Corp		959,309
	10,547	*	Netlogic Microsystems, Inc		364,399
	14,190	*	Novellus Systems, Inc		440,458
	748	*	NVE Corp		41,192
	95,321	*	Nvidia Corp		1,318,289
	8,961	*	Omnivision Technologies, Inc		262,020
	68,802	*	ON Semiconductor Corp		597,889
	3,154	*	PDF Solutions, Inc		18,924
	3,376	*	Pericom Semiconductor Corp		27,616
	9,190	*	Photronics, Inc		68,741

130

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,641	*	PLX Technology, Inc	$	15,826
	36,051	*	PMC - Sierra, Inc		251,996
	4,445		Power Integrations, Inc		157,753
	16,257	*	Rambus, Inc		225,647
	42,968	*	RF Micro Devices, Inc		290,034
	2,775	*	Rubicon Technology, Inc		40,848
	4,895	*	Rudolph Technologies, Inc		42,048
	10,073	*	Semtech Corp		234,701
	4,033	*	Sigma Designs, Inc		34,482
	11,272	*	Silicon Image, Inc		64,589
	8,249	*	Silicon Laboratories, Inc		292,097
	29,219	*	Skyworks Solutions, Inc		739,533
	7,728	*	Spansion, Inc		140,495
	3,504	*	Standard Microsystems Corp		82,905
	15,353	*	Sunpower Corp (Class A)		301,379
	2,158	*	Supertex, Inc		41,822
	28,048	*	Teradyne, Inc		378,368
	7,898	*	Tessera Technologies, Inc		124,078
	182,799		Texas Instruments, Inc		5,438,269
	25,586	*	Triquint Semiconductor, Inc		192,407
	3,140	*	Ultra Clean Holdings		21,792
	3,886	*	Ultratech, Inc		102,396
	12,197	*	Varian Semiconductor Equipment Associates, Inc		740,846
	6,286	*	Veeco Instruments, Inc		250,120
	3,529	*	Volterra Semiconductor Corp		90,942
	42,121		Xilinx, Inc		1,352,084
	7,072	*	Zoran Corp		58,698
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		61,860,595
SOFTWARE & SERVICES - 8.9%
	8,687	*	Accelrys, Inc		63,154
	101,358		Accenture plc		5,994,312
	5,144	*	ACI Worldwide, Inc		186,007
	1,857	*	Active Network, Inc		33,705
	66,794		Activision Blizzard, Inc		790,841
	5,557	*	Actuate Corp		33,731
	12,534	*	Acxiom Corp		172,217
	79,342	*	Adobe Systems, Inc		2,199,360
	5,376	*	Advent Software, Inc		124,884
	28,871	*	Akamai Technologies, Inc		699,256
	7,894	*	Alliance Data Systems Corp		776,296
	30,362	*	Amdocs Ltd		957,314
	2,477		American Software, Inc (Class A)		21,203
	4,766	*	Ancestry.com, Inc		169,717
	14,285	*	Ansys, Inc		722,821
	16,045	*	AOL, Inc		275,653
	15,508	*	Ariba, Inc		512,850
	12,797	*	Aspen Technology, Inc		198,354
	35,368	*	Autodesk, Inc		1,216,659
	78,369		Automatic Data Processing, Inc		4,035,220
	6,620		Blackbaud, Inc		168,148
	5,445	*	Blackboard, Inc		237,184

131

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,525	*	BMC Software, Inc	$	1,232,851
	3,656	*	Booz Allen Hamilton Holding Co		66,503
	5,163	*	Bottomline Technologies, Inc		120,246
	20,825		Broadridge Financial Solutions, Inc		480,225
	3,286	*	BroadSoft, Inc		95,984
	60,976		CA, Inc		1,359,765
	5,219	*	CACI International, Inc (Class A)		308,339
	40,642	*	Cadence Design Systems, Inc		419,832
	4,755	*	Callidus Software, Inc		24,441
	6,603	*	Cardtronics, Inc		151,737
	1,337		Cass Information Systems, Inc		50,191
	9,513	*	Ciber, Inc		47,755
	29,520	*	Citrix Systems, Inc		2,126,621
	1,296	*,m	Clinical Data, Inc		1,231
	47,996	*	Cognizant Technology Solutions Corp (Class A)		3,353,481
	6,588	*	Commvault Systems, Inc		255,087
	23,944		Computer Sciences Corp		844,744
	1,871	*	Computer Task Group, Inc		24,117
	33,651	*	Compuware Corp		325,069
	4,960	*	comScore, Inc		108,178
	6,897	*	Concur Technologies, Inc		313,400
	4,573	*	Constant Contact, Inc		86,567
	16,199	*	Convergys Corp		201,516
	1,923	*	Convio, Inc		19,538
	1,764	*	Cornerstone OnDemand, Inc		28,930
	5,335	*	CSG Systems International, Inc		94,750
	6,301	*	DealerTrack Holdings, Inc		146,120
	3,070	*	Deltek, Inc		21,981
	1,000	*	Demand Media, Inc		10,140
	5,056	*	DemandTec, Inc		36,201
	7,533	*	Dice Holdings, Inc		103,880
	6,238	*	Digital River, Inc		159,069
	995	*	DMRC Corp		39,511
	5,617		DST Systems, Inc		287,534
	1,458	*	Dynamics Research Corp		17,627
	17,903		Earthlink, Inc		143,940
	181,920	*	eBay, Inc		5,957,880
	4,856	*	Ebix, Inc		95,615
	1,440	*	Echo Global Logistics, Inc		21,542
	52,551	*	Electronic Arts, Inc		1,169,260
	3,037	*	Envestnet, Inc		43,065
	5,121		EPIQ Systems, Inc		66,163
	549	*	ePlus, Inc		14,565
	7,247	*	Equinix, Inc		757,094
	7,944	*	Euronet Worldwide, Inc		136,319
	2,211	*	ExlService Holdings, Inc		51,605
	1,248	*	Eyeblaster, Inc		27,381
	7,177		Factset Research Systems, Inc		660,930
	6,772		Fair Isaac Corp		201,467
	4,355	*	FalconStor Software, Inc		18,727
	40,907		Fidelity National Information Services, Inc		1,228,028
	17,153	*	First American Corp		270,674

132

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,229	*	Fiserv, Inc	$	1,402,102
	2,200	*	FleetCor Technologies, Inc		65,208
	2,553		Forrester Research, Inc		80,675
	19,388	*	Fortinet, Inc		393,964
	15,018	*	Gartner, Inc		554,314
	19,444	*	Genpact Ltd		320,826
	13,960	*	Global Cash Access, Inc		39,228
	12,975		Global Payments, Inc		615,145
	6,595	*	Glu Mobile, Inc		33,107
	39,591	*	Google, Inc (Class A)		23,900,690
	1,816	*	Guidance Software, Inc		13,656
	4,601	*	Hackett Group, Inc		20,106
	6,007		Heartland Payment Systems, Inc		126,387
	12,564	*	IAC/InterActiveCorp		520,024
	4,776		iGate Corp		71,592
	16,415	*	Informatica Corp		839,299
	4,817	*	Infospace, Inc		45,906
	2,686	*	Interactive Intelligence, Inc		102,095
	7,762	*	Internap Network Services Corp		48,280
	190,559		International Business Machines Corp		34,653,155
	47,552	*	Intuit, Inc		2,220,678
	7,508	*	j2 Global Communications, Inc		200,764
	14,069		Jack Henry & Associates, Inc		407,298
	6,510	*	JDA Software Group, Inc		182,020
	4,327	*	Kenexa Corp		110,641
	2,180		Keynote Systems, Inc		52,211
	5,562	*	KIT Digital, Inc		64,797
	4,073	*	Knot, Inc		38,083
	14,782		Lender Processing Services, Inc		278,345
	10,284	*	Limelight Networks, Inc		42,370
	1,377	*	LinkedIn Corp		139,118
	7,899	*	Lionbridge Technologies		25,672
	2,896	*	Liquidity Services, Inc		70,025
	8,097	*	Liveperson, Inc		99,674
	2,796	*	LogMeIn, Inc		99,398
	3,024	*	LoopNet, Inc		55,400
	10,393	*	Magma Design Automation, Inc		77,324
	3,884	*	Manhattan Associates, Inc		144,873
	3,758		Mantech International Corp (Class A)		153,326
	4,509		Marchex, Inc (Class B)		39,093
	16,965		Mastercard, Inc (Class A)		5,144,636
	5,162		MAXIMUS, Inc		199,408
	15,002	*	Mentor Graphics Corp		171,473
	12,828	*	Micros Systems, Inc		628,187
	1,169,858		Microsoft Corp		32,054,108
	1,363	*	MicroStrategy, Inc (Class A)		217,221
	6,065		ModusLink Global Solutions, Inc		25,412
	11,317	*	MoneyGram International, Inc		38,025
	5,504	*	Monotype Imaging Holdings, Inc		75,405
	19,973	*	Monster Worldwide, Inc		234,483
	5,628	*	Motricity, Inc		33,430
	22,753	*	Move, Inc		46,644

133

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	775	*	NCI, Inc (Class A)	$	16,647
	5,109	*	Ness Technologies, Inc		39,186
	6,318	*	Netscout Systems, Inc		96,350
	4,227	*	NetSuite, Inc		165,741
	11,075	*	NeuStar, Inc (Class A)		288,393
	10,287		NIC, Inc		131,365
	36,855	*	Nuance Communications, Inc		737,469
	3,874	*	OpenTable, Inc		274,512
	11,289	*	Openwave Systems, Inc		25,400
	1,975		Opnet Technologies, Inc		67,762
	605,747		Oracle Corp		18,523,742
	18,444	*	Parametric Technology Corp		383,451
	51,602		Paychex, Inc		1,456,724
	2,553		Pegasystems, Inc		103,039
	3,337	*	Perficient, Inc		33,403
	2,929	*	PRG-Schultz International, Inc		19,097
	11,467	*	Progress Software Corp		276,355
	3,360	*	PROS Holdings, Inc		54,835
	651	*	QAD, Inc (Class A)		7,031
	10,850	*	QLIK Technologies, Inc		328,864
	9,655	*	Quest Software, Inc		183,252
	4,166	*	QuinStreet, Inc		52,033
	16,535	*	Rackspace Hosting, Inc		661,400
	6,211	*	Radiant Systems, Inc		175,088
	6,024	*	RealD, Inc		93,252
	11,328	*	RealNetworks, Inc		38,289
	4,709	*	RealPage, Inc		113,251
	29,834	*	Red Hat, Inc		1,255,415
	1,906		Renaissance Learning, Inc		24,492
	1,489	*	Responsys, Inc		21,695
	3,494	*	RightNow Technologies, Inc		118,586
	1,495	*	Rosetta Stone, Inc		20,631
	17,418	*	Rovi Corp		922,631
	7,004	*	S1 Corp		65,838
	4,279	*	Saba Software, Inc		33,205
	46,402	*	SAIC, Inc		743,824
	21,266	*	Salesforce.com, Inc		3,077,402
	16,903		Sapient Corp		235,290
	1,868	*	Sciquest, Inc		31,812
	1,504	*	ServiceSource International LLC		28,065
	4,340	*	Smith Micro Software, Inc		15,450
	8,761	*	SolarWinds, Inc		188,449
	11,233		Solera Holdings, Inc		627,700
	4,420	*	Sourcefire, Inc		108,644
	1,287	*	SPS Commerce, Inc		23,642
	3,472	*	SRS Labs, Inc		30,727
	3,940	*	SS&C Technologies Holdings, Inc		72,969
	1,595		Stamps.com, Inc		26,716
	12,174	*	SuccessFactors, Inc		328,698
	12,281	*	SupportSoft, Inc		39,545
	118,849	*	Symantec Corp		2,265,262
	4,080	*	Synchronoss Technologies, Inc		119,340

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,961	*	Synopsys, Inc	$	574,345
	2,326		Syntel, Inc		127,860
	4,817	*	TA Indigo Holding Corp		73,604
	11,094	*	Take-Two Interactive Software, Inc		149,658
	6,329	*	Taleo Corp (Class A)		209,490
	1,137	*	TechTarget, Inc		7,538
	11,663	*	TeleCommunication Systems, Inc (Class A)		59,248
	2,551	*	TeleNav, Inc		25,587
	5,072	*	TeleTech Holdings, Inc		100,375
	26,262	*	Teradata Corp		1,443,360
	9,397	*	THQ, Inc		25,043
	25,595	*	TIBCO Software, Inc		666,494
	19,814	*	TiVo, Inc		186,252
	3,451	*	TNS, Inc		58,322
	25,058		Total System Services, Inc		466,329
	844	*	Travelzoo, Inc		44,563
	5,540	*	Tyler Technologies, Inc		141,215
	4,061	*	Ultimate Software Group, Inc		220,837
	6,637	*	Unisys Corp		137,850
	13,468		United Online, Inc		80,404
	11,980	*	Valueclick, Inc		216,359
	3,541	*	Vasco Data Security International		34,277
	13,780	*	VeriFone Systems, Inc		542,519
	3,254	*	Verint Systems, Inc		110,701
	26,017		VeriSign, Inc		811,991
	6,383		VirnetX Holding Corp		194,107
	2,391	*	Virtusa Corp		47,007
	82,798		Visa, Inc (Class A)		7,082,541
	6,569	*	VistaPrint Ltd		175,392
	13,086	*	VMware, Inc (Class A)		1,313,049
	2,739	*	Vocus, Inc		78,253
	18,567	*	Wave Systems Corp		43,075
	9,193	*	WebMD Health Corp (Class A)		324,053
	6,273	*	Websense, Inc		142,272
	4,568	*	Website Pros, Inc		39,696
	97,640		Western Union Co		1,895,192
	6,114	*	Wright Express Corp		300,809
	206,176	*	Yahoo!, Inc		2,700,906
	7,995	*	Zix Corp		30,701
			TOTAL SOFTWARE & SERVICES		206,284,836
TECHNOLOGY HARDWARE & EQUIPMENT - 6.5%
	8,279	*	Acme Packet, Inc		487,799
	10,016		Adtran, Inc		331,429
	3,098	*	Agilysys, Inc		29,648
	27,872		Amphenol Corp (Class A)		1,362,662
	2,123	*	Anaren, Inc		42,481
	4,367		Anixter International, Inc		272,588
	145,686	*	Apple, Inc		56,887,468
	19,209	*	Arris Group, Inc		230,508
	17,844	*	Arrow Electronics, Inc		620,079
	13,644	*	Aruba Networks, Inc		313,130

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,281	*	Avid Technology, Inc	$	56,038
	23,735	*	Avnet, Inc		695,436
	7,237		AVX Corp		100,739
	2,914	*	AX Holding Corp		41,670
	1,273		Bel Fuse, Inc (Class B)		24,212
	9,039	*	Benchmark Electronics, Inc		132,421
	4,790	*	BigBand Networks, Inc		9,341
	3,290		Black Box Corp		93,732
	6,769	*	Blue Coat Systems, Inc		136,395
	8,755	*	Bookham, Inc		41,149
	9,874	*	Brightpoint, Inc		89,755
	76,158	*	Brocade Communications Systems, Inc		417,346
	5,829	*	Calix Networks, Inc		106,904
	5,790	*	Checkpoint Systems, Inc		90,903
	14,633	*	Ciena Corp		226,226
	867,776		Cisco Systems, Inc		13,858,382
	6,419		Cognex Corp		217,925
	4,080	*	Coherent, Inc		195,962
	1,044		Communications Systems, Inc		18,667
	3,983		Comtech Telecommunications Corp		107,342
	248,313		Corning, Inc		3,950,661
	6,459	*	Cray, Inc		39,012
	5,228		CTS Corp		51,391
	5,267		Daktronics, Inc		52,301
	1,723		DDi Corp		14,180
	259,136	*	Dell, Inc		4,208,369
	4,253	*	DG FastChannel, Inc		120,190
	10,023		Diebold, Inc		303,096
	3,355	*	Digi International, Inc		47,943
	8,181	*	Dolby Laboratories, Inc (Class A)		346,547
	9,079	*	Dot Hill Systems Corp		20,519
	2,791	*	DTS, Inc		96,904
	4,401	*	Echelon Corp		36,484
	6,057	*	EchoStar Corp (Class A)		202,667
	2,854		Electro Rent Corp		46,121
	3,793	*	Electro Scientific Industries, Inc		72,864
	7,077	*	Electronics for Imaging, Inc		121,795
	2,460	*	eMagin Corp		10,947
	325,569	*	EMC Corp		8,490,840
	13,926	*	EMCORE Corp		36,486
	2,562	*	EMS Technologies, Inc		84,239
	13,448	*	Emulex Corp		113,636
	13,872	*	Extreme Networks, Inc		47,026
	12,499	*	F5 Networks, Inc		1,168,406
	3,136	*	Fabrinet		48,294
	2,570	*	FARO Technologies, Inc		104,753
	5,985	*	FEI Co		197,744
	15,909	*	Finisar Corp		271,089
	24,663		Flir Systems, Inc		677,246
	3,514	*	Gerber Scientific, Inc		38,724
	3,440	*	Globecomm Systems, Inc		48,022
	4,061	*	GSI Group, Inc		45,605

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	17,711	*	Harmonic, Inc	$	96,171
	19,677		Harris Corp		784,522
	8,357	*	Harris Stratex Networks, Inc (Class A)		32,342
	341,937		Hewlett-Packard Co		12,022,505
	6,383	*	Hypercom Corp		51,766
	4,526	*	Imation Corp		37,656
	5,014	*	Immersion Corp		45,878
	16,220	*	Infinera Corp		104,295
	24,810	*	Ingram Micro, Inc (Class A)		460,226
	7,227	*	Insight Enterprises, Inc		121,630
	7,043		InterDigital, Inc		480,685
	9,103	*	Intermec, Inc		98,130
	3,187	*	Intevac, Inc		29,002
	4,324	*	IPG Photonics Corp		260,262
	6,060	*	Itron, Inc		260,822
	5,980	*	Ixia		59,800
	29,727		Jabil Circuit, Inc		544,301
	35,055	*	JDS Uniphase Corp		460,973
	84,601	*	Juniper Networks, Inc		1,978,816
	6,817	*	Kemet Corp		83,167
	1,929	*	KVH Industries, Inc		18,461
	2,605	*	LeCroy Corp		26,493
	12,203	*	Lexmark International, Inc (Class A)		409,655
	3,513		Littelfuse, Inc		179,479
	1,704	*	Loral Space & Communications, Inc		111,237
	4,326	*	Maxwell Technologies, Inc		72,980
	2,568	*	Measurement Specialties, Inc		83,871
	6,850	*	Mercury Computer Systems, Inc		115,012
	1,710	*	Meru Networks, Inc		14,689
	5,733		Methode Electronics, Inc		60,655
	18,854	*	Microvision, Inc		20,551
	21,526		Molex, Inc		505,430
	40,986	*	Motorola Mobility Holdings, Inc		917,267
	47,409	*	Motorola, Inc		2,128,189
	2,968		MTS Systems Corp		116,969
	1,582	*	Multi-Fineline Electronix, Inc		32,130
	14,021		National Instruments Corp		362,303
	24,549	*	NCR Corp		489,753
	3,652	*	NeoPhotonics Corp Ltd		26,952
	57,850	*	NetApp, Inc		2,749,032
	5,646	*	Netgear, Inc		185,810
	5,827	*	Newport Corp		90,552
	3,784	*	Novatel Wireless, Inc		19,412
	1,515	*	Numerex Corp		10,999
	7,827	*	OCZ Technology Group, Inc		58,781
	2,897	*	Oplink Communications, Inc		48,901
	12,918	*	OpNext, Inc		24,415
	5,659	*	Orbcomm, Inc		16,807
	2,734	*	OSI Systems, Inc		112,887
	2,895		Park Electrochemical Corp		75,733
	1,332	*	PC Connection, Inc		10,416
	7,436		Plantronics, Inc		254,683

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,520	*	Plexus Corp	$	162,895
	27,250	*	Polycom, Inc		736,568
	11,144	*	Power-One, Inc		80,348
	29,651	*	Powerwave Technologies, Inc		64,343
	1,778	*	Procera Networks, Inc		19,754
	17,003	*	QLogic Corp		257,936
	263,381		Qualcomm, Inc		14,428,010
	37,187	*	Quantum Corp		97,802
	4,749	*	Rackable Systems, Inc		67,768
	3,200	*	Radisys Corp		25,408
	2,127		Richardson Electronics Ltd		31,543
	2,264		Rimage Corp		33,552
	23,711	*	Riverbed Technology, Inc		678,846
	4,146	*	Rofin-Sinar Technologies, Inc		130,101
	2,746	*	Rogers Corp		133,126
	36,831	*	SanDisk Corp		1,566,422
	13,155	*	Sanmina-SCI Corp		149,967
	4,184	*	Scansource, Inc		154,599
	5,816	*	SCM Microsystems, Inc		12,330
	4,433	*	Seachange International, Inc		42,379
	7,280	*	ShoreTel, Inc		62,026
	11,262	*	Smart Modular Technologies WWH, Inc		101,358
	32,434	*	Sonus Networks, Inc		96,005
	6,335	*	STEC, Inc		64,427
	3,289	*	Stratasys, Inc		83,870
	4,205	*	Super Micro Computer, Inc		59,248
	2,670		Sycamore Networks, Inc		52,599
	5,168	*	Symmetricom, Inc		29,303
	5,332	*	Synaptics, Inc		131,007
	3,888	*	SYNNEX Corp		110,108
	6,859	*	Tech Data Corp		320,110
	6,625		Technitrol, Inc		27,693
	12,641	*	Tekelec		99,232
	57,942		Tellabs, Inc		239,880
	18,853	*	Trimble Navigation Ltd		670,790
	8,193	*	TTM Technologies, Inc		113,473
	5,929	*	Universal Display Corp		177,336
	2,612	*	Veraz Networks, Inc		9,691
	5,627	*	Viasat, Inc		252,821
	624	*	Viasystems Group, Inc		14,003
	23,574	*	Vishay Intertechnology, Inc		324,614
	1,739	*	Vishay Precision Group, Inc		29,650
	8,226	*	Westell Technologies, Inc		23,444
	36,921	*	Western Digital Corp		1,272,298
	217,913		Xerox Corp		2,033,128
	3,470	*	X-Rite, Inc		16,864
	4,217	*	Xyratex Ltd		40,188
	8,451	*	Zebra Technologies Corp (Class A)		338,040
	1,695	*	Zygo Corp		20,340
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		151,403,134

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 2.6%
	9,376	*	8x8, Inc	$	36,566
	4,168		AboveNet, Inc		253,790
	6,255		Alaska Communications Systems Group, Inc		45,224
	63,446	*	American Tower Corp (Class A)		3,332,819
	931,453		AT&T, Inc		27,254,315
	1,348		Atlantic Tele-Network, Inc		50,914
	3,823	*	Cbeyond Communications, Inc		42,932
	95,893		CenturyTel, Inc		3,558,589
	30,375	*	Cincinnati Bell, Inc		105,098
	26,229	*	Clearwire Corp (Class A)		56,917
	7,155	*	Cogent Communications Group, Inc		107,826
	4,743		Consolidated Communications Holdings, Inc		85,469
	44,804	*	Crown Castle International Corp		1,944,494
	3,340	*	Fairpoint Communications, Inc		25,384
	153,743		Frontier Communications Corp		1,151,535
	6,578	*	General Communication, Inc (Class A)		74,660
	4,501	*	Global Crossing Ltd		154,969
	22,704	*	Globalstar, Inc		22,704
	2,156	*	HickoryTech Corp		23,026
	23,165	*	ICO Global Communications Holdings Ltd		64,862
	1,924		IDT Corp (Class B)		46,426
	4,930	*	inContact, Inc		23,270
	6,723	*	Iridium Communications, Inc		57,347
	9,253	*	Leap Wireless International, Inc		124,545
	259,391	*	Level 3 Communications, Inc		565,472
	42,132	*	MetroPCS Communications, Inc		685,909
	4,748	*	Neutral Tandem, Inc		72,787
	26,861	*	NII Holdings, Inc (Class B)		1,137,563
	4,242		NTELOS Holdings Corp		82,380
	17,591	*	PAETEC Holding Corp		77,752
	8,219	*	Premiere Global Services, Inc		69,533
	17,783	*	SBA Communications Corp (Class A)		678,777
	3,705		Shenandoah Telecom Co		58,761
	471,887	*	Sprint Nextel Corp		1,996,082
	2,233	*	SureWest Communications		29,297
	13,973		Telephone & Data Systems, Inc		396,274
	5,339	*	Towerstream Corp		23,011
	24,676	*	tw telecom inc (Class A)		487,351
	3,738	*	US Cellular Corp		165,182
	3,068		USA Mobility, Inc		50,653
	446,506		Verizon Communications, Inc		15,757,197
	18,547	*	Vonage Holdings Corp		74,373
	81,778		Windstream Corp		998,509
			TOTAL TELECOMMUNICATION SERVICES		62,050,544
TRANSPORTATION - 1.8%
	8,027	*	Air Transport Services Group, Inc		39,974
	5,187	*	Alaska Air Group, Inc		317,029
	6,234		Alexander & Baldwin, Inc		300,541
	1,233		Allegiant Travel Co		53,056
	1,268	*	Amerco, Inc		114,298
	50,156	*	AMR Corp		212,661

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,476		Arkansas Best Corp	$	83,633
	4,057	*	Atlas Air Worldwide Holdings, Inc		212,546
	16,320	*	Avis Budget Group, Inc		246,595
	2,328		Baltic Trading Ltd		12,781
	3,700	*	Celadon Group, Inc		50,616
	25,634		CH Robinson Worldwide, Inc		1,853,595
	9,049		Con-Way, Inc		331,374
	5,465		Copa Holdings S.A. (Class A)		358,559
	1,382	*	Covenant Transportation Group, Inc		8,112
	174,448		CSX Corp		4,286,187
	130,729	*	Delta Air Lines, Inc		1,031,452
	4,640	*	Dollar Thrifty Automotive Group, Inc		334,266
	9,136	*	Eagle Bulk Shipping, Inc		21,561
	10,669	*	Excel Maritime Carriers Ltd		27,526
	32,833		Expeditors International Washington, Inc		1,566,791
	49,899		FedEx Corp		4,335,225
	4,556		Forward Air Corp		141,965
	5,317	*	Genco Shipping & Trading Ltd		33,284
	6,675	*	Genesee & Wyoming, Inc (Class A)		367,392
	7,832	*	Hawaiian Holdings, Inc		36,810
	7,777		Heartland Express, Inc		119,144
	37,721	*	Hertz Global Holdings, Inc		530,734
	6,080	*	Hub Group, Inc (Class A)		215,718
	800		International Shipholding Corp		16,472
	13,709		J.B. Hunt Transport Services, Inc		620,195
	37,934	*	JetBlue Airways Corp		181,704
	16,988	*	Kansas City Southern Industries, Inc		1,008,238
	8,167	*	Kirby Corp		476,300
	9,756		Knight Transportation, Inc		153,559
	7,411		Landstar System, Inc		332,383
	2,800		Marten Transport Ltd		57,596
	55,806		Norfolk Southern Corp		4,224,514
	7,318	*	Old Dominion Freight Line		271,132
	5,364	*	Pacer International, Inc		28,644
	1,271	*	Park-Ohio Holdings Corp		24,162
	911	*	Patriot Transportation Holding, Inc		21,108
	3,540	*	Quality Distribution, Inc		40,710
	3,074	*	RailAmerica, Inc		45,741
	7,931	*	Republic Airways Holdings, Inc		34,341
	1,466	*	Roadrunner Transportation Services Holdings, Inc		22,620
	7,938		Ryder System, Inc		447,068
	2,640	*	Saia, Inc		39,785
	8,852		Skywest, Inc		113,837
	124,556		Southwest Airlines Co		1,240,578
	4,942	*	Spirit Airlines, Inc		64,740
	12,249	*	Swift Transportation Co, Inc		138,904
	51,280	*	UAL Corp		929,194
	3,322	*	Ultrapetrol Bahamas Ltd		15,447
	77,465		Union Pacific Corp		7,938,614
	116,043		United Parcel Service, Inc (Class B)		8,032,496
	1,485	*	Universal Truckload Services, Inc		23,612
	25,774	*	US Airways Group, Inc		160,830

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	16,221		UTI Worldwide, Inc	$	262,294
	7,066		Werner Enterprises, Inc		166,404
	1,567	*	Zipcar, Inc		36,480
			TOTAL TRANSPORTATION		44,413,127
UTILITIES - 3.4%
	101,402	*	AES Corp		1,248,258
	12,452		AGL Resources, Inc		508,042
	5,045		Allete, Inc		203,061
	17,321		Alliant Energy Corp		682,621
	38,592		Ameren Corp		1,112,221
	75,264		American Electric Power Co, Inc		2,774,231
	2,633		American States Water Co		90,022
	27,913		American Water Works Co, Inc		781,564
	21,398		Aqua America, Inc		452,568
	832		Artesian Resources Corp		15,142
	10,388		Atlantic Power Corp		162,157
	14,892		Atmos Energy Corp		497,840
	8,950		Avista Corp		225,630
	6,087		Black Hills Corp		181,880
	1,229	*	Cadiz, Inc		13,249
	6,746		California Water Service Group		123,519
	54,215	*	Calpine Corp		880,994
	66,062		Centerpoint Energy, Inc		1,293,494
	2,050		Central Vermont Public Service Corp		71,935
	2,833		CH Energy Group, Inc		144,681
	1,823		Chesapeake Utilities Corp		70,386
	10,854		Cleco Corp		376,851
	39,192		CMS Energy Corp		750,135
	1,994		Connecticut Water Service, Inc		50,508
	46,469		Consolidated Edison, Inc		2,444,269
	1,590		Consolidated Water Co, Inc		14,342
	28,789		Constellation Energy Group, Inc		1,117,877
	90,550		Dominion Resources, Inc		4,387,147
	19,359		DPL, Inc		585,610
	26,966		DTE Energy Co		1,343,985
	210,267		Duke Energy Corp		3,910,966
	13,754	*	Dynegy, Inc (Class A)		78,673
	50,444		Edison International		1,920,403
	7,670	*	El Paso Electric Co		256,562
	6,583		Empire District Electric Co		134,359
	28,099		Entergy Corp		1,877,013
	103,589		Exelon Corp		4,565,167
	64,611		FirstEnergy Corp		2,884,881
	22,753		Great Plains Energy, Inc		458,928
	14,353		Hawaiian Electric Industries, Inc		335,860
	8,841		Idacorp, Inc		346,656
	12,502		Integrys Energy Group, Inc		627,725
	8,513		ITC Holdings Corp		598,123
	3,910		Laclede Group, Inc		145,648
	29,127		MDU Resources Group, Inc		627,978
	3,971		MGE Energy, Inc		163,129

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,417		Middlesex Water Co	$	44,207
	12,771		National Fuel Gas Co		924,365
	6,481		New Jersey Resources Corp		282,636
	66,581		NextEra Energy, Inc		3,678,600
	7,706		Nicor, Inc		421,518
	41,677		NiSource, Inc		838,958
	27,294		Northeast Utilities		927,996
	4,575		Northwest Natural Gas Co		204,091
	5,605		NorthWestern Corp		179,472
	37,467	*	NRG Energy, Inc		918,691
	16,851		NSTAR		747,005
	37,894		NV Energy, Inc		562,347
	15,293		OGE Energy Corp		765,262
	16,558		Oneok, Inc		1,205,256
	2,776		Ormat Technologies, Inc		57,907
	5,102		Otter Tail Corp		106,020
	713		Pennichuck Corp		20,356
	35,290		Pepco Holdings, Inc		659,217
	62,442		PG&E Corp		2,586,972
	11,405		Piedmont Natural Gas Co, Inc		332,684
	17,708		Pinnacle West Capital Corp		749,934
	14,628		PNM Resources, Inc		219,713
	11,941		Portland General Electric Co		295,898
	89,207		PPL Corp		2,488,875
	46,573		Progress Energy, Inc		2,176,822
	78,177		Public Service Enterprise Group, Inc		2,560,297
	25,819		Questar Corp		475,844
	119,058	*	RRI Energy, Inc		463,136
	18,893		SCANA Corp		740,417
	37,152		Sempra Energy		1,883,235
	2,135		SJW Corp		50,215
	4,812		South Jersey Industries, Inc		243,006
	133,580		Southern Co		5,281,752
	6,820		Southwest Gas Corp		254,318
	32,172		TECO Energy, Inc		596,147
	17,460		UGI Corp		529,038
	9,048		UIL Holdings Corp		288,903
	6,769		Unisource Energy Corp		249,235
	1,437		Unitil Corp		36,715
	12,509		Vectren Corp		330,363
	19,388		Westar Energy, Inc		500,404
	8,221		WGL Holdings, Inc		319,057
	37,342		Wisconsin Energy Corp		1,144,532
	76,408		Xcel Energy, Inc		1,833,792
	1,526		York Water Co		26,003
			TOTAL UTILITIES		80,737,501
			TOTAL COMMON STOCKS		2,339,625,177
			(Cost $2,009,405,330)
			TOTAL INVESTMENTS - 99.9%		2,339,625,177
			(Cost $2,009,405,330)
			OTHER ASSETS & LIABILITIES, NET - 0.1%		3,501,968
			NET ASSETS - 100.0%	$	2,343,127,145
			Abbreviation(s):
			REIT     Real Estate Investment Trust
			SPDR    Standard & Poor’s Depository Receipts
		*	Non-income producing.
		m	Indicates a security that has been deemed illiquid.

142

TIAA-CREF FUNDS - S&P 500 Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 0.7%
	390,754	*	Ford Motor Co	$	4,771,107
	26,565	*	Goodyear Tire & Rubber Co		429,556
	24,093		Harley-Davidson, Inc		1,045,395
	70,053		Johnson Controls, Inc		2,588,458
			TOTAL AUTOMOBILES & COMPONENTS		8,834,516
BANKS - 2.7%
	70,445		BB&T Corp		1,809,028
	20,687		Comerica, Inc		662,605
	93,540		Fifth Third Bancorp		1,183,281
	25,578		First Horizon National Corp		229,946
	59,308		Hudson City Bancorp, Inc		489,291
	89,442		Huntington Bancshares, Inc		540,677
	97,468		Keycorp		783,643
	13,038		M&T Bank Corp		1,124,397
	40,713		People’s United Financial, Inc		516,241
	54,252		PNC Financial Services Group, Inc		2,945,341
	128,367		Regions Financial Corp		781,755
	54,716		SunTrust Banks, Inc		1,339,995
	198,209		US Bancorp		5,165,327
	544,044		Wells Fargo & Co		15,200,588
	18,746		Zions Bancorporation		410,537
			TOTAL BANKS		33,182,652
CAPITAL GOODS - 8.2%
	73,099		3M Co		6,369,847
	75,951		Boeing Co		5,352,266
	66,160		Caterpillar, Inc		6,535,947
	20,106		Cummins, Inc		2,108,717
	56,031		Danaher Corp		2,751,682
	43,365		Deere & Co		3,404,587
	18,945		Dover Corp		1,145,604
	34,840		Eaton Corp		1,670,578
	77,552		Emerson Electric Co		3,807,028
	30,272		Fastenal Co		1,018,653
	5,706		Flowserve Corp		567,062
	18,140		Fluor Corp		1,152,434
	37,825		General Dynamics Corp		2,577,396
	1,090,871		General Electric Co		19,537,500
	12,751		Goodrich Corp		1,213,130
	80,969		Honeywell International, Inc		4,299,454
	51,589		Illinois Tool Works, Inc		2,569,132
	33,755		Ingersoll-Rand plc		1,263,112
	18,811		ITT Industries, Inc		1,003,379

143

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	12,639	*	Jacobs Engineering Group, Inc	$	494,690
	10,988		Joy Global, Inc		1,031,993
	11,415		L-3 Communications Holdings, Inc		903,155
	29,454		Lockheed Martin Corp		2,230,551
	37,111		Masco Corp		391,521
	29,613		Northrop Grumman Corp		1,791,883
	36,915		Paccar, Inc		1,580,331
	11,840		Pall Corp		587,027
	16,363		Parker Hannifin Corp		1,293,004
	14,842		Precision Castparts Corp		2,395,202
	24,101	*	Quanta Services, Inc		446,351
	37,246		Raytheon Co		1,666,014
	15,065		Rockwell Automation, Inc		1,081,064
	15,977		Rockwell Collins, Inc		880,173
	9,763		Roper Industries, Inc		796,954
	5,865		Snap-On, Inc		333,484
	17,604		Stanley Works		1,157,815
	29,731		Textron, Inc		687,678
	48,076		Tyco International Ltd		2,129,286
	94,152		United Technologies Corp		7,799,551
	5,974		W.W. Grainger, Inc		886,362
			TOTAL CAPITAL GOODS		98,911,597
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	10,816		Avery Dennison Corp		341,245
	12,551		Cintas Corp		408,535
	5,053		Dun & Bradstreet Corp		366,595
	12,253		Equifax, Inc		421,013
	20,620		Iron Mountain, Inc		652,211
	20,660		Pitney Bowes, Inc		445,223
	20,606		R.R. Donnelley & Sons Co		387,599
	31,435		Republic Services, Inc		912,558
	15,005		Robert Half International, Inc		410,837
	9,214	*	Stericycle, Inc		756,654
	49,579		Waste Management, Inc		1,561,242
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,663,712
CONSUMER DURABLES & APPAREL - 1.0%
	30,036		Coach, Inc		1,939,124
	28,486		DR Horton, Inc		338,414
	15,653		Fortune Brands, Inc		942,468
	8,004		Harman International Industries, Inc		332,966
	14,122		Hasbro, Inc		558,666
	14,546		Leggett & Platt, Inc		315,648
	15,735		Lennar Corp (Class A)		278,352
	35,726		Mattel, Inc		952,455
	28,839		Newell Rubbermaid, Inc		447,581
	38,852		Nike, Inc (Class B)		3,502,507
	6,566		Polo Ralph Lauren Corp (Class A)		886,870
	40,483	*	Pulte Homes, Inc		278,118
	8,921		VF Corp		1,041,973
	7,958		Whirlpool Corp		550,932
			TOTAL CONSUMER DURABLES & APPAREL		12,366,074

144

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.0%
	12,491	*	Apollo Group, Inc (Class A)	$	634,918
	44,202		Carnival Corp		1,471,927
	3,266	*	Chipotle Mexican Grill, Inc (Class A)		1,060,078
	13,928		Darden Restaurants, Inc		707,542
	6,196		DeVry, Inc		385,019
	30,677		H&R Block, Inc		458,928
	29,632		International Game Technology		550,859
	29,784		Marriott International, Inc (Class A)		967,980
	106,732		McDonald’s Corp		9,230,183
	77,128		Starbucks Corp		3,092,062
	20,248		Starwood Hotels & Resorts Worldwide, Inc		1,112,830
	17,256		Wyndham Worldwide Corp		596,885
	7,813		Wynn Resorts Ltd		1,200,702
	47,521		Yum! Brands, Inc		2,510,059
			TOTAL CONSUMER SERVICES		23,979,972
DIVERSIFIED FINANCIALS - 7.0%
	107,282		American Express Co		5,368,391
	25,127		Ameriprise Financial, Inc		1,359,371
	1,042,332		Bank of America Corp		10,121,044
	128,024		Bank of New York Mellon Corp		3,214,683
	9,949		BlackRock, Inc		1,775,499
	47,463		Capital One Financial Corp		2,268,731
	102,285		Charles Schwab Corp		1,527,115
	300,429		Citigroup, Inc		11,518,448
	6,777		CME Group, Inc		1,959,841
	55,288		Discover Financial Services		1,415,926
	25,077	*	E*Trade Financial Corp		398,223
	9,566		Federated Investors, Inc (Class B)		204,425
	14,759		Franklin Resources, Inc		1,873,803
	53,260		Goldman Sachs Group, Inc		7,188,501
	7,766	*	IntercontinentalExchange, Inc		957,548
	46,878		Invesco Ltd		1,039,754
	19,506		Janus Capital Group, Inc		164,631
	408,736		JPMorgan Chase & Co		16,533,370
	15,337		Legg Mason, Inc		451,215
	19,871		Leucadia National Corp		669,057
	20,559		Moody’s Corp		732,106
	153,166		Morgan Stanley		3,407,943
	15,144	*	Nasdaq Stock Market, Inc		364,516
	25,666		Northern Trust Corp		1,152,532
	26,624		NYSE Euronext		890,839
	53,607		SLM Corp		835,733
	41,000		SPDR Trust Series 1		5,291,049
	52,246		State Street Corp		2,166,642
	27,007		T Rowe Price Group, Inc		1,533,998
			TOTAL DIVERSIFIED FINANCIALS		86,384,934

145

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
ENERGY - 12.7%
	23,924	*	Alpha Natural Resources, Inc	$	1,021,794
	51,051		Anadarko Petroleum Corp		4,214,771
	39,449		Apache Corp		4,880,631
	44,714		Baker Hughes, Inc		3,459,969
	11,028		Cabot Oil & Gas Corp		816,954
	25,097	*	Cameron International Corp		1,403,926
	68,003		Chesapeake Energy Corp		2,335,903
	206,774		Chevron Corp		21,508,632
	145,401		ConocoPhillips		10,467,419
	23,037		Consol Energy, Inc		1,234,783
	40,797	*	Denbury Resources, Inc		788,198
	43,339	*	Devon Energy Corp		3,410,779
	7,095		Diamond Offshore Drilling, Inc		481,254
	78,408		El Paso Corp		1,611,284
	27,670		EOG Resources, Inc		2,822,340
	15,275		Equitable Resources, Inc		969,657
	506,679		Exxon Mobil Corp		40,427,918
	24,514	*	FMC Technologies, Inc		1,117,838
	94,134		Halliburton Co		5,151,954
	11,282		Helmerich & Payne, Inc		779,022
	31,301		Hess Corp		2,145,997
	73,701		Marathon Oil Corp		2,282,520
	37,215	*	Marathon Petroleum Corp		1,629,645
	20,298		Murphy Oil Corp		1,303,538
	30,550	*	Nabors Industries Ltd		806,826
	43,530		National Oilwell Varco, Inc		3,507,212
	13,698	*	Newfield Exploration Co		923,519
	25,515		Noble Corp		940,738
	18,286		Noble Energy, Inc		1,822,748
	83,619		Occidental Petroleum Corp		8,209,714
	28,201		Peabody Energy Corp		1,620,711
	11,764		Pioneer Natural Resources Co		1,093,934
	18,057		Questar Market Resources, Inc		791,438
	16,800		Range Resources Corp		1,094,688
	12,677	*	Rowan Cos, Inc		496,558
	139,579		Schlumberger Ltd		12,613,755
	35,184	*	Southwestern Energy Co		1,567,799
	66,412		Spectra Energy Corp		1,794,452
	11,865		Sunoco, Inc		482,312
	14,770	*	Tesoro Corp		358,763
	59,404		Valero Energy Corp		1,492,228
	60,114		Williams Cos, Inc		1,905,614
			TOTAL ENERGY		157,789,735
FOOD & STAPLES RETAILING - 2.3%
	44,949		Costco Wholesale Corp		3,517,259
	139,496		CVS Corp		5,070,680
	61,720		Kroger Co		1,534,976
	35,813		Safeway, Inc		722,348
	22,120		Supervalu, Inc		190,232
	60,618		Sysco Corp		1,854,305
	94,189		Walgreen Co		3,677,139

146

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	196,463		Wal-Mart Stores, Inc	$	10,355,564
	15,844		Whole Foods Market, Inc		1,056,795
			TOTAL FOOD & STAPLES RETAILING		27,979,298
FOOD, BEVERAGE & TOBACCO - 6.0%
	215,358		Altria Group, Inc		5,663,915
	69,418		Archer Daniels Midland Co		2,108,919
	11,116		Brown-Forman Corp (Class B)		817,693
	18,513		Campbell Soup Co		611,855
	235,475		Coca-Cola Co		16,014,655
	33,662		Coca-Cola Enterprises, Inc		946,239
	41,579		ConAgra Foods, Inc		1,064,838
	17,710	*	Constellation Brands, Inc (Class A)		361,107
	18,258	*	Dean Foods Co		201,203
	22,662		Dr Pepper Snapple Group, Inc		855,717
	65,794		General Mills, Inc		2,457,406
	33,501		H.J. Heinz Co		1,763,493
	16,305		Hershey Co		920,254
	14,220		Hormel Foods Corp		411,953
	12,042		J.M. Smucker Co		938,313
	26,197		Kellogg Co		1,461,269
	180,838		Kraft Foods, Inc (Class A)		6,217,210
	14,768		Lorillard, Inc		1,568,657
	14,351		McCormick & Co, Inc		698,176
	20,748		Mead Johnson Nutrition Co		1,480,785
	16,266		Molson Coors Brewing Co (Class B)		732,783
	162,594		PepsiCo, Inc		10,412,520
	182,932		Philip Morris International, Inc		13,019,271
	35,804		Reynolds American, Inc		1,260,301
	59,345		Sara Lee Corp		1,134,083
	29,616		Tyson Foods, Inc (Class A)		520,057
			TOTAL FOOD, BEVERAGE & TOBACCO		73,642,672
HEALTH CARE EQUIPMENT & SERVICES - 4.2%
	39,012		Aetna, Inc		1,618,608
	27,643		AmerisourceBergen Corp		1,059,003
	9,232		Bard (C.R.), Inc		911,014
	58,768		Baxter International, Inc		3,418,535
	22,780		Becton Dickinson & Co		1,904,636
	154,220	*	Boston Scientific Corp		1,104,215
	36,550		Cardinal Health, Inc		1,599,428
	22,344	*	CareFusion Corp		589,658
	15,339	*	Cerner Corp		1,019,890
	27,608		Cigna Corp		1,374,050
	16,192	*	Coventry Health Care, Inc		518,144
	51,106		Covidien plc		2,595,674
	10,039	*	DaVita, Inc		838,658
	14,200		Dentsply International, Inc		538,038
	12,191	*	Edwards Lifesciences Corp		869,828
	54,542	*	Express Scripts, Inc		2,959,449
	17,120		Humana, Inc		1,276,810
	4,043	*	Intuitive Surgical, Inc		1,619,424

147

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	10,700	*	Laboratory Corp of America Holdings	$	971,132
	26,377		McKesson Corp		2,139,702
	40,585	*	Medco Health Solutions, Inc		2,551,985
	110,023		Medtronic, Inc		3,966,328
	9,617		Patterson Cos, Inc		296,588
	15,991		Quest Diagnostics, Inc		863,674
	34,342		St. Jude Medical, Inc		1,596,903
	34,022		Stryker Corp		1,848,755
	55,771	*	Tenet Healthcare Corp		310,087
	111,460		UnitedHealth Group, Inc		5,531,760
	11,817	*	Varian Medical Systems, Inc		741,635
	37,373		WellPoint, Inc		2,524,546
	19,492	*	Zimmer Holdings, Inc		1,169,910
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		50,328,067
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	43,536		Avon Products, Inc		1,141,949
	14,214		Clorox Co		1,017,580
	50,299		Colgate-Palmolive Co		4,244,230
	11,616		Estee Lauder Cos (Class A)		1,218,635
	40,470		Kimberly-Clark Corp		2,645,119
	287,113		Procter & Gamble Co		17,654,578
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		27,922,091
INSURANCE - 3.6%
	34,944		ACE Ltd		2,340,549
	47,789		Aflac, Inc		2,201,161
	53,751		Allstate Corp		1,489,978
	45,404	*	American International Group, Inc		1,303,095
	34,646		AON Corp		1,667,166
	10,064		Assurant, Inc		358,480
	178,082	*	Berkshire Hathaway, Inc (Class B)		13,208,341
	30,048		Chubb Corp		1,877,399
	16,155		Cincinnati Financial Corp		441,516
	55,478	*	Genworth Financial, Inc (Class A)		461,577
	45,100		Hartford Financial Services Group, Inc		1,056,242
	32,375		Lincoln National Corp		857,938
	32,074		Loews Corp		1,278,790
	55,713		Marsh & McLennan Cos, Inc		1,642,976
	108,750		Metlife, Inc		4,481,587
	32,855		Principal Financial Group		907,784
	67,289		Progressive Corp		1,324,248
	50,213		Prudential Financial, Inc		2,946,499
	11,641		Torchmark Corp		470,180
	42,635		Travelers Cos, Inc		2,350,468
	31,425		UnumProvident Corp		766,456
	32,116		XL Capital Ltd		659,020
			TOTAL INSURANCE		44,091,450
MATERIALS - 3.5%
	22,007		Air Products & Chemicals, Inc		1,952,681
	7,456		Airgas, Inc		512,227

148

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	11,535		AK Steel Holding Corp	$	140,150
	108,162		Alcoa, Inc		1,593,226
	11,045		Allegheny Technologies, Inc		642,709
	17,544		Ball Corp		680,707
	10,828		Bemis Co, Inc		342,165
	7,539		CF Industries Holdings, Inc		1,170,957
	14,719		Cleveland-Cliffs, Inc		1,322,061
	120,947		Dow Chemical Co		4,217,422
	95,544		Du Pont (E.I.) de Nemours & Co		4,912,872
	7,167		Eastman Chemical Co		692,261
	23,653		Ecolab, Inc		1,182,650
	7,203		FMC Corp		630,767
	97,457		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,161,323
	8,439		International Flavors & Fragrances, Inc		516,214
	44,495		International Paper Co		1,321,502
	16,859		MeadWestvaco Corp		524,989
	55,145		Monsanto Co		4,052,055
	50,909		Newmont Mining Corp		2,831,049
	32,028		Nucor Corp		1,245,569
	16,254	*	Owens-Illinois, Inc		376,605
	16,252		PPG Industries, Inc		1,368,418
	31,287		Praxair, Inc		3,242,585
	15,857		Sealed Air Corp		341,401
	8,899		Sherwin-Williams Co		686,736
	12,482		Sigma-Aldrich Corp		837,542
	9,489		Titanium Metals Corp		168,809
	14,802		United States Steel Corp		591,932
	13,353		Vulcan Materials Co		457,874
			TOTAL MATERIALS		43,717,458
MEDIA - 3.2%
	23,595		Cablevision Systems Corp (Class A)		574,774
	68,158		CBS Corp (Class B)		1,865,484
	284,562		Comcast Corp (Class A)		6,835,179
	79,131	*	DIRECTV		4,010,359
	28,826	*	Discovery Communications, Inc (Class A)		1,147,275
	24,422		Gannett Co, Inc		311,625
	49,134		Interpublic Group of Cos, Inc		482,005
	31,187		McGraw-Hill Cos, Inc		1,297,379
	235,113		News Corp (Class A)		3,766,510
	28,907		Omnicom Group, Inc		1,356,316
	8,945		Scripps Networks Interactive (Class A)		414,511
	34,922		Time Warner Cable, Inc		2,560,132
	110,401		Time Warner, Inc		3,881,699
	60,398		Viacom, Inc (Class B)		2,924,471
	194,439		Walt Disney Co		7,509,235
	545		Washington Post Co (Class B)		219,254
			TOTAL MEDIA		39,156,208
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	159,887		Abbott Laboratories		8,205,401
	35,137	*	Agilent Technologies, Inc		1,481,376

149

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	31,186		Allergan, Inc	$	2,535,734
	95,649	*	Amgen, Inc		5,232,000
	24,894	*	Biogen Idec, Inc		2,535,952
	175,508		Bristol-Myers Squibb Co		5,030,059
	48,021	*	Celgene Corp		2,847,645
	8,200	*	Cephalon, Inc		655,508
	104,813		Eli Lilly & Co		4,014,338
	29,200	*	Forest Laboratories, Inc		1,082,152
	80,714	*	Gilead Sciences, Inc		3,419,045
	17,091	*	Hospira, Inc		873,692
	281,954		Johnson & Johnson		18,267,799
	18,267	*	Life Technologies Corp		822,563
	317,500		Merck & Co, Inc		10,836,275
	44,323	*	Mylan Laboratories, Inc		1,009,678
	12,343		PerkinElmer, Inc		301,910
	812,719		Pfizer, Inc		15,636,714
	39,640	*	Thermo Electron Corp		2,381,967
	9,218	*	Waters Corp		810,170
	12,765	*	Watson Pharmaceuticals, Inc		856,914
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		88,836,892
REAL ESTATE - 1.8%
	46,756		AMB Property Corp		1,665,916
	13,164		Apartment Investment & Management Co (Class A)		359,377
	9,192		AvalonBay Communities, Inc		1,233,474
	14,985		Boston Properties, Inc		1,608,790
	30,001	*	CB Richard Ellis Group, Inc (Class A)		654,022
	30,104		Equity Residential		1,861,029
	41,068		HCP, Inc		1,508,428
	17,984		Health Care REIT, Inc		949,196
	72,801		Host Marriott Corp		1,153,896
	41,630		Kimco Realty Corp		792,219
	16,274		Plum Creek Timber Co, Inc		621,992
	14,602		Public Storage, Inc		1,746,837
	30,141		Simon Property Group, Inc		3,632,292
	28,986		Ventas, Inc		1,569,012
	17,016		Vornado Realty Trust		1,591,847
	54,375		Weyerhaeuser Co		1,086,956
			TOTAL REAL ESTATE		22,035,283
RETAILING - 3.7%
	9,412		Abercrombie & Fitch Co (Class A)		688,205
	36,587	*	Amazon.com, Inc		8,141,339
	6,325	*	Autonation, Inc		237,883
	2,563	*	Autozone, Inc		731,608
	25,309	*	Bed Bath & Beyond, Inc		1,480,323
	32,711		Best Buy Co, Inc		902,824
	8,891	*	Big Lots, Inc		309,674
	23,102	*	Carmax, Inc		738,571
	21,700		Expedia, Inc		687,673
	12,642		Family Dollar Stores, Inc		671,417
	14,247	*	GameStop Corp (Class A)		335,944

150

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	39,610		Gap, Inc	$	764,077
	16,171		Genuine Parts Co		859,650
	163,802		Home Depot, Inc		5,721,605
	21,689		JC Penney Co, Inc		667,154
	29,513		Kohl’s Corp		1,614,656
	25,661		Limited Brands, Inc		971,525
	132,536		Lowe’s Cos, Inc		2,860,127
	43,179		Macy’s, Inc		1,246,578
	4,596	*	NetFlix, Inc		1,222,490
	17,328		Nordstrom, Inc		869,172
	13,997	*	O’Reilly Automotive, Inc		832,822
	5,109	*	Priceline.com, Inc		2,746,854
	11,961		Ross Stores, Inc		906,285
	4,381	*	Sears Holdings Corp		305,224
	73,010		Staples, Inc		1,172,541
	70,782		Target Corp		3,644,565
	13,284		Tiffany & Co		1,057,274
	40,081		TJX Companies, Inc		2,216,479
	14,221	*	Urban Outfitters, Inc		462,751
			TOTAL RETAILING		45,067,290
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%
	59,882	*	Advanced Micro Devices, Inc		439,534
	33,695		Altera Corp		1,377,452
	30,301		Analog Devices, Inc		1,042,354
	134,262		Applied Materials, Inc		1,654,108
	48,405		Broadcom Corp (Class A)		1,794,373
	5,495	*	First Solar, Inc		649,674
	545,382		Intel Corp		12,178,380
	16,835		Kla-Tencor Corp		670,370
	23,182		Linear Technology Corp		679,233
	63,114	*	LSI Logic Corp		464,519
	29,086	*	MEMC Electronic Materials, Inc		215,818
	19,292		Microchip Technology, Inc		651,105
	94,193	*	Micron Technology, Inc		694,202
	25,837		National Semiconductor Corp		638,691
	9,502	*	Novellus Systems, Inc		294,942
	62,452	*	Nvidia Corp		863,711
	18,441	*	Teradyne, Inc		248,769
	118,965		Texas Instruments, Inc		3,539,209
	26,541		Xilinx, Inc		851,966
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		28,948,410
SOFTWARE & SERVICES - 9.0%
	66,801		Accenture plc		3,950,611
	51,594	*	Adobe Systems, Inc		1,430,186
	18,869	*	Akamai Technologies, Inc		457,007
	23,439	*	Autodesk, Inc		806,302
	51,410		Automatic Data Processing, Inc		2,647,101
	18,242	*	BMC Software, Inc		788,419
	39,169		CA, Inc		873,469
	19,731	*	Citrix Systems, Inc		1,421,421

151

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	30,930	*	Cognizant Technology Solutions Corp (Class A)	$	2,161,079
	15,342		Computer Sciences Corp		541,266
	23,279	*	Compuware Corp		224,875
	117,511	*	eBay, Inc		3,848,485
	33,485	*	Electronic Arts, Inc		745,041
	28,332		Fidelity National Information Services, Inc		850,527
	14,769	*	Fiserv, Inc		891,457
	25,855	*	Google, Inc (Class A)		15,608,404
	124,582		International Business Machines Corp		22,655,236
	28,700	*	Intuit, Inc		1,340,290
	9,747		Mastercard, Inc (Class A)		2,955,778
	763,300		Microsoft Corp		20,914,420
	16,963	*	Monster Worldwide, Inc		199,146
	400,817		Oracle Corp		12,256,984
	32,760		Paychex, Inc		924,815
	19,732	*	Red Hat, Inc		830,323
	29,163	*	SAIC, Inc		467,483
	12,403	*	Salesforce.com, Inc		1,794,838
	77,304	*	Symantec Corp		1,473,414
	17,235	*	Teradata Corp		947,236
	16,316		Total System Services, Inc		303,641
	17,575		VeriSign, Inc		548,516
	49,386		Visa, Inc (Class A)		4,224,477
	65,317		Western Union Co		1,267,803
	136,256	*	Yahoo!, Inc		1,784,954
			TOTAL SOFTWARE & SERVICES		112,135,004
TECHNOLOGY HARDWARE & EQUIPMENT - 7.0%
	17,837		Amphenol Corp (Class A)		872,051
	95,117	*	Apple, Inc		37,141,287
	565,788		Cisco Systems, Inc		9,035,634
	162,033		Corning, Inc		2,577,944
	170,137	*	Dell, Inc		2,763,025
	211,866	*	EMC Corp		5,525,465
	8,631	*	F5 Networks, Inc		806,826
	16,160		Flir Systems, Inc		443,754
	12,990		Harris Corp		517,911
	213,367		Hewlett-Packard Co		7,501,984
	19,489		Jabil Circuit, Inc		356,844
	26,317	*	JDS Uniphase Corp		346,069
	54,449	*	Juniper Networks, Inc		1,273,562
	7,835	*	Lexmark International, Inc (Class A)		263,021
	14,571		Molex, Inc		342,127
	30,174	*	Motorola Mobility Holdings, Inc		675,294
	35,130	*	Motorola, Inc		1,576,986
	37,214	*	NetApp, Inc		1,768,409
	171,739		Qualcomm, Inc		9,407,863
	25,142	*	SanDisk Corp		1,069,289
	38,322		Tellabs, Inc		158,653
	23,742	*	Western Digital Corp		818,149
	143,335		Xerox Corp		1,337,316
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		86,579,463

152

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 2.9%
	41,188	*	American Tower Corp (Class A)	$	2,163,606
	609,138		AT&T, Inc		17,823,379
	63,267		CenturyTel, Inc		2,347,838
	101,801		Frontier Communications Corp		762,489
	27,458	*	MetroPCS Communications, Inc		447,016
	303,262	*	Sprint Nextel Corp		1,282,798
	291,014		Verizon Communications, Inc		10,269,884
	54,205		Windstream Corp		661,843
			TOTAL TELECOMMUNICATION SERVICES		35,758,853
TRANSPORTATION - 1.9%
	16,882		CH Robinson Worldwide, Inc		1,220,737
	112,767		CSX Corp		2,770,685
	21,681		Expeditors International Washington, Inc		1,034,617
	31,972		FedEx Corp		2,777,727
	36,793		Norfolk Southern Corp		2,785,230
	5,160		Ryder System, Inc		290,611
	81,403		Southwest Airlines Co		810,774
	50,463		Union Pacific Corp		5,171,449
	101,453		United Parcel Service, Inc (Class B)		7,022,578
			TOTAL TRANSPORTATION		23,884,408
UTILITIES - 3.4%
	68,245	*	AES Corp		840,096
	23,818		Ameren Corp		686,435
	48,707		American Electric Power Co, Inc		1,795,340
	42,304		Centerpoint Energy, Inc		828,312
	25,833		CMS Energy Corp		494,444
	30,375		Consolidated Edison, Inc		1,597,725
	20,474		Constellation Energy Group, Inc		795,005
	58,950		Dominion Resources, Inc		2,856,128
	17,393		DTE Energy Co		866,867
	137,473		Duke Energy Corp		2,556,998
	33,043		Edison International		1,257,947
	18,370		Entergy Corp		1,227,116
	68,290		Exelon Corp		3,009,540
	42,243		FirstEnergy Corp		1,886,150
	8,832		Integrys Energy Group, Inc		443,455
	43,561		NextEra Energy, Inc		2,406,745
	4,699		Nicor, Inc		257,035
	28,454		NiSource, Inc		572,779
	18,839		Northeast Utilities		640,526
	25,481	*	NRG Energy, Inc		624,794
	11,100		Oneok, Inc		807,969
	25,118		Pepco Holdings, Inc		469,204
	41,212		PG&E Corp		1,707,413
	12,227		Pinnacle West Capital Corp		517,813
	59,404		PPL Corp		1,657,372
	30,842		Progress Energy, Inc		1,441,555
	51,307		Public Service Enterprise Group, Inc		1,680,304

153

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	11,881		SCANA Corp	$	465,616
	24,346		Sempra Energy		1,234,099
	87,366		Southern Co		3,454,452
	24,009		TECO Energy, Inc		444,887
	23,771		Wisconsin Energy Corp		728,581
	49,420		Xcel Energy, Inc		1,186,080
			TOTAL UTILITIES		41,438,782
			TOTAL COMMON STOCKS		1,219,634,821
			(Cost $1,178,213,163)
			TOTAL INVESTMENTS - 99.2%		1,219,634,821
			(Cost $1,178,213,163)
			OTHER ASSETS & LIABILITIES, NET - 0.8%		9,779,031
			NET ASSETS - 100.0%	$	1,229,413,852
			Abbreviation(s):
			REIT    Real Estate Investment Trust
			SPDR   Standard & Poor’s Depository Receipts
		*	Non-income producing.

154

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 0.9%
	48,289	*	American Axle & Manufacturing Holdings, Inc	$	553,875
	15,580	*	Amerigon, Inc (Class A)		262,056
	45,227		Cooper Tire & Rubber Co		762,527
	105,239	*	Dana Holding Corp		1,754,333
	7,839	*	Dorman Products, Inc		280,087
	14,072		Drew Industries, Inc		299,734
	55,530	*	Exide Technologies		397,595
	11,759	*	Fuel Systems Solutions, Inc		249,761
	33,614	*	Modine Manufacturing Co		501,185
	8,582	*	Motorcar Parts of America, Inc		110,794
	3,652		Shiloh Industries, Inc		38,456
	26,083		Spartan Motors, Inc		119,982
	14,354		Standard Motor Products, Inc		203,827
	18,634	*	Stoneridge, Inc		232,552
	17,430		Superior Industries International, Inc		352,783
	43,698	*	Tenneco, Inc		1,745,298
	4,600	*	Tower International, Inc		79,212
	20,738	*	Winnebago Industries, Inc		173,992
			TOTAL AUTOMOBILES & COMPONENTS		8,118,049
BANKS - 7.0%
	11,114		1st Source Corp		256,178
	19,523	*	1st United Bancorp, Inc		115,771
	14,755		Abington Bancorp, Inc		146,222
	3,530		Alliance Financial Corp		113,701
	16,507	*	Ameris Bancorp		167,051
	5,674		Ames National Corp		98,671
	7,083		Arrow Financial Corp		170,700
	62,834		Astoria Financial Corp		732,017
	5,101		Bancfirst Corp		194,552
	20,770		Banco Latinoamericano de Exportaciones S.A. (Class E)		367,421
	2,923		Bancorp Rhode Island, Inc		128,232
	60,142		Bancorpsouth, Inc		814,323
	34,301		Bank Mutual Corp		127,257
	4,158		Bank of Kentucky Financial Corp		99,293
	3,927		Bank of Marin Bancorp		151,229
	10,150		Bank of the Ozarks, Inc		527,293
	14,300		BankFinancial Corp		116,545
	11,743		Banner Corp		217,480
	25,169	*	Beneficial Mutual Bancorp, Inc		197,073
	12,264		Berkshire Hills Bancorp, Inc		268,827
	5,626	*	BofI Holding, Inc		78,736
	56,332		Boston Private Financial Holdings, Inc		390,381
	4,763		Bridge Bancorp, Inc		99,261

155

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,473	*	Bridge Capital Holdings	$	72,627
	43,054		Brookline Bancorp, Inc		368,112
	7,848		Bryn Mawr Bank Corp		157,902
	5,599		Camden National Corp		179,000
	7,650	*	Cape Bancorp, Inc		71,987
	10,208	*	Capital Bank Corp		30,420
	8,226		Capital City Bank Group, Inc		84,810
	19,947		Cardinal Financial Corp		214,031
	4,317	*	Cascade Bancorp		44,033
	57,559		Cathay General Bancorp		797,768
	8,770		Center Bancorp, Inc		88,051
	24,692	*	Center Financial		152,103
	21,732		Centerstate Banks of Florida, Inc		141,910
	10,575	*	Central Pacific Financial Corp		142,551
	2,420		Century Bancorp, Inc		65,413
	4,875		Charter Financial Corp		47,239
	19,835		Chemical Financial Corp		376,270
	8,818		Citizens & Northern Corp		145,144
	11,110		City Holding Co		347,410
	6,948		Clifton Savings Bancorp, Inc		70,522
	8,706		CNB Financial Corp		120,230
	22,442		CoBiz, Inc		138,018
	28,508		Columbia Banking System, Inc		502,026
	17,289		Comerica, Inc		553,770
	26,574		Community Bank System, Inc		668,602
	10,164		Community Trust Bancorp, Inc		275,648
	65,180		CVB Financial Corp		631,594
	22,505		Dime Community Bancshares		316,195
	88,663	*	Doral Financial Corp		155,160
	11,406	*	Eagle Bancorp, Inc		153,867
	5,579	*	Encore Bancshares, Inc		66,892
	4,190	*	Enterprise Bancorp, Inc		66,998
	11,655		Enterprise Financial Services Corp		162,587
	9,031		ESB Financial Corp		120,835
	8,176		ESSA Bancorp, Inc		94,024
	7,042		Federal Agricultural Mortgage Corp (Class C)		142,248
	10,038		Financial Institutions, Inc		168,337
	10,989		First Bancorp (NC)		108,242
	6,044		First Bancorp, Inc		89,028
	55,664		First Busey Corp		288,896
	76,154		First Commonwealth Financial Corp		391,432
	10,971		First Community Bancshares, Inc		138,125
	7,031	*	First Defiance Financial Corp		103,074
	42,809		First Financial Bancorp		685,372
	22,976		First Financial Bankshares, Inc		740,516
	8,075		First Financial Corp		267,202
	12,745		First Financial Holdings, Inc		105,911
	9,271		First Interstate Bancsystem, Inc		124,046
	18,658		First Merchants Corp		166,989
	53,605		First Midwest Bancorp, Inc		638,972
	5,602		First of Long Island Corp		148,845
	6,154		First Pactrust Bancorp, Inc		91,079

156

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	79,450		FirstMerit Corp	$	1,160,765
	141,034	*	Flagstar Bancorp, Inc		102,969
	22,513		Flushing Financial Corp		277,360
	91,750		FNB Corp		917,500
	10,535		Fox Chase Bancorp, Inc		140,853
	9,993	*	Franklin Financial Corp		120,416
	9,410		German American Bancorp, Inc		157,806
	52,257		Glacier Bancorp, Inc		686,657
	7,020		Great Southern Bancorp, Inc		128,185
	7,105	*	Hampton Roads Bankshares, Inc		51,795
	55,142		Hancock Holding Co		1,816,928
	109,232	*	Hanmi Financial Corp		115,786
	9,101		Heartland Financial USA, Inc		146,071
	15,044	*	Heritage Commerce Corp		75,070
	11,288		Heritage Financial Corp		147,083
	15,982		Home Bancshares, Inc		376,696
	11,392		Home Federal Bancorp, Inc		121,780
	10,259		Hudson Valley Holding Corp		220,363
	19,578		IBERIABANK Corp		997,891
	15,477		Independent Bank Corp		410,914
	38,501		International Bancshares Corp		647,587
	33,477	*	Investors Bancorp, Inc		463,322
	9,601		Kearny Financial Corp		89,961
	15,977		Lakeland Bancorp, Inc		158,971
	11,724		Lakeland Financial Corp		264,376
	14,736		MainSource Financial Group, Inc		136,161
	39,329		MB Financial, Inc		794,053
	3,763		Merchants Bancshares, Inc		99,494
	6,569	*	Meridian Interstate Bancorp, Inc		87,893
	135,852	*	MGIC Investment Corp		540,691
	5,877		Midsouth Bancorp, Inc		79,516
	27,421	*	Nara Bancorp, Inc		220,191
	5,048		National Bankshares, Inc		130,390
	90,717		National Penn Bancshares, Inc		729,365
	25,645		NBT Bancorp, Inc		565,216
	13,236		Northfield Bancorp, Inc		181,333
	76,706		Northwest Bancshares, Inc		942,718
	10,104		OceanFirst Financial Corp		135,899
	53,848	*	Ocwen Financial Corp		694,102
	68,010		Old National Bancorp		693,702
	8,890	*	OmniAmerican Bancorp, Inc		130,150
	32,982		Oriental Financial Group, Inc		409,636
	41,314		Oritani Financial Corp		534,603
	4,889		Orrstown Financial Services, Inc		92,451
	2,186	*	Pacific Capital Bancorp		65,536
	13,889		Pacific Continental Corp		136,668
	22,355		PacWest Bancorp		443,747
	9,163		Park National Corp		564,807
	20,599	*	Park Sterling Bank		96,609
	2,710		Penns Woods Bancorp, Inc		96,286
	10,274	*	Pennsylvania Commerce Bancorp, Inc		117,843
	7,887		Peoples Bancorp, Inc		94,092

157

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,886		People’s United Financial, Inc	$	150,714
	25,206	*	Pinnacle Financial Partners, Inc		384,392
	109,958	*	PMI Group, Inc		109,958
	43,410		PrivateBancorp, Inc		511,804
	33,966		Prosperity Bancshares, Inc		1,410,608
	43,707		Provident Financial Services, Inc		605,779
	28,049		Provident New York Bancorp		211,489
	96,288		Radian Group, Inc		305,233
	18,161		Renasant Corp		277,863
	7,036		Republic Bancorp, Inc (Class A)		127,422
	21,100		Rockville Financial, Inc		214,165
	5,766		Roma Financial Corp		56,334
	20,270		S&T Bancorp, Inc		385,535
	8,630		S.Y. Bancorp, Inc		195,987
	17,211		Sandy Spring Bancorp, Inc		307,561
	10,222		SCBT Financial Corp		299,300
	52,467	*	Seacoast Banking Corp of Florida		82,898
	7,949		Sierra Bancorp		91,572
	30,069	*	Signature Bank		1,778,881
	12,630		Simmons First National Corp (Class A)		305,141
	11,997		Southside Bancshares, Inc		237,901
	14,106	*	Southwest Bancorp, Inc		87,457
	11,379		State Bancorp, Inc		147,927
	22,729	*	State Bank & Trust Co		333,434
	16,290		StellarOne Corp		202,648
	22,415		Sterling Bancorp		211,822
	19,381	*	Sterling Financial Corp		336,067
	7,031		Suffolk Bancorp		85,216
	27,094	*	Sun Bancorp, Inc		84,533
	94,210		Susquehanna Bancshares, Inc		709,401
	30,838	*	SVB Financial Group		1,881,734
	6,631	*	Taylor Capital Group, Inc		52,650
	8,665		Territorial Bancorp, Inc		180,925
	26,560	*	Texas Capital Bancshares, Inc		725,885
	20,796	*	The Bancorp, Inc		187,164
	5,786		Tompkins Trustco, Inc		233,754
	7,567		Tower Bancorp, Inc		200,450
	17,089		TowneBank		223,182
	9,685		Trico Bancshares		143,532
	58,185		Trustco Bank Corp NY		268,815
	46,429		Trustmark Corp		1,011,688
	23,128		UMB Financial Corp		959,812
	82,868		Umpqua Holdings Corp		941,380
	14,669		Union Bankshares Corp		182,629
	31,538		United Bankshares, Inc		752,497
	15,105	*	United Community Banks, Inc		165,098
	12,277		United Financial Bancorp, Inc		191,398
	11,823		Univest Corp of Pennsylvania		175,808
	24,911		ViewPoint Financial Group		324,341
	15,606	*	Virginia Commerce Bancorp		99,410
	7,680	*	Walker & Dunlop, Inc		99,302
	10,627		Washington Banking Co		137,832

158

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,389		Washington Trust Bancorp, Inc	$	236,661
	51,878		Webster Financial Corp		1,059,349
	16,948		WesBanco, Inc		348,281
	10,920		West Bancorporation, Inc		108,872
	13,637	*	West Coast Bancorp		222,010
	20,963		Westamerica Bancorporation		983,794
	50,148	*	Western Alliance Bancorp		352,540
	20,943		Westfield Financial, Inc		169,638
	41,095	*	Wilshire Bancorp, Inc		135,614
	24,973		Wintrust Financial Corp		853,577
	4,644		WSFS Financial Corp		184,413
			TOTAL BANKS		60,253,611
CAPITAL GOODS - 9.2%
	30,271	*	3D Systems Corp		648,102
	26,443		A.O. Smith Corp		1,096,590
	63,060	*	A123 Systems, Inc		323,498
	14,089		Aaon, Inc		319,539
	28,380		AAR Corp		832,669
	28,187	*	Accuride Corp		322,741
	18,761		Aceto Corp		114,442
	57,862	*	Active Power, Inc		97,787
	50,061		Actuant Corp (Class A)		1,237,006
	31,305		Acuity Brands, Inc		1,524,241
	12,108	*	Aerovironment, Inc		349,074
	40,509		Aircastle Ltd		463,828
	4,849		Alamo Group, Inc		115,940
	20,300		Albany International Corp (Class A)		539,371
	19,449	*	Altra Holdings, Inc		432,546
	11,160	*	Ameresco, Inc		150,214
	6,790	*	American Railcar Industries, Inc		158,818
	6,620		American Science & Engineering, Inc		537,081
	33,128	*	American Superconductor Corp		242,497
	6,324		American Woodmark Corp		105,105
	6,707		Ameron International Corp		570,699
	5,930		Ampco-Pittsburgh Corp		154,477
	21,215		Apogee Enterprises, Inc		242,912
	30,971		Applied Industrial Technologies, Inc		988,594
	6,427	*	Argan, Inc		66,648
	68,983	*	ArvinMeritor, Inc		931,271
	14,600	*	Astec Industries, Inc		547,792
	6,927	*	Astronics Corp		220,902
	9,202		AZZ, Inc		460,376
	11,038		Badger Meter, Inc		402,777
	37,181		Barnes Group, Inc		905,357
	33,347	*	Beacon Roofing Supply, Inc		712,959
	34,009		Belden CDT, Inc		1,253,232
	7,887	*	Berliner Communications, Inc		61,282
	34,782	*	Blount International, Inc		578,425
	34,332		Brady Corp (Class A)		1,016,227
	36,438		Briggs & Stratton Corp		624,547
	73,404	*	Broadwind Energy, Inc		96,893

159

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	32,692	*	Builders FirstSource, Inc	$	75,192
	8,747	*	CAI International, Inc		153,510
	175,538	*	Capstone Turbine Corp		254,530
	6,639		Cascade Corp		331,884
	18,275	*	Ceradyne, Inc		592,293
	20,983	*	Chart Industries, Inc		1,113,357
	12,424		CIRCOR International, Inc		537,338
	36,531		Clarcor, Inc		1,609,555
	5,774	*	Coleman Cable, Inc		76,101
	17,777	*	Colfax Corp		481,223
	13,600	*	Columbus McKinnon Corp		223,720
	28,570		Comfort Systems USA, Inc		298,271
	20,786	*	Commercial Vehicle Group, Inc		220,332
	11,813		Cubic Corp		573,403
	33,914		Curtiss-Wright Corp		1,083,891
	25,481	*	DigitalGlobe, Inc		665,564
	12,049		Douglas Dynamics, Inc		183,024
	8,128		Ducommun, Inc		178,816
	6,070	*	DXP Enterprises, Inc		165,043
	25,533	*	Dycom Industries, Inc		435,082
	9,476		Dynamic Materials Corp		200,891
	48,301	*,d	EMCOR Group, Inc		1,348,564
	14,039		Encore Wire Corp		308,998
	46,847	*	Ener1, Inc		40,288
	31,088	*	Energy Recovery, Inc		95,440
	36,289	*	EnerSys		1,160,522
	14,991	*	EnPro Industries, Inc		693,184
	19,161		ESCO Technologies, Inc		664,503
	12,369	*	Essex Rental Corp		68,277
	22,006	*	Esterline Technologies Corp		1,680,597
	44,940		Federal Signal Corp		259,753
	33,987	*	Flow International Corp		115,896
	51,501	*	Force Protection, Inc		235,360
	16,909		Franklin Electric Co, Inc		738,078
	8,547	*	Freightcar America, Inc		210,940
	89,778	*	FuelCell Energy, Inc		119,405
	26,517	*	Furmanite Corp		207,893
	44,442	*	GenCorp, Inc		251,542
	18,007	*	Generac Holdings, Inc		334,030
	16,310	*	GeoEye, Inc		651,748
	21,745	*	Gibraltar Industries, Inc		223,539
	11,396	*	Global Power Equipment Group, Inc		295,954
	11,276		Gorman-Rupp Co		367,372
	6,839		Graham Corp		134,592
	27,926		Granite Construction, Inc		652,910
	42,652		Great Lakes Dredge & Dock Corp		253,779
	13,937	*	Greenbrier Cos, Inc		280,412
	33,671	*	Griffon Corp		318,191
	20,021	*	H&E Equipment Services, Inc		240,252
	30,149		Heico Corp		1,575,586
	71,721	*	Hexcel Corp		1,717,000
	13,542		Houston Wire & Cable Co		215,453

160

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,659	*	Hurco Cos, Inc	$	137,068
	37,406	*	II-VI, Inc		936,272
	28,534	*	Insituform Technologies, Inc (Class A)		572,107
	12,194		Insteel Industries, Inc		139,743
	23,946	*	Interline Brands, Inc		400,617
	20,727		John Bean Technologies Corp		366,039
	8,964	*	Kadant, Inc		235,843
	18,873		Kaman Corp		672,256
	23,784		Kaydon Corp		847,900
	13,299	*	KEYW Holding Corp		148,417
	24,745	*	Kratos Defense & Security Solutions, Inc		268,977
	2,812		Lawson Products, Inc		52,500
	14,279	*	Layne Christensen Co		418,517
	7,146		LB Foster Co (Class A)		248,324
	9,088		Lindsay Manufacturing Co		575,270
	6,452	*	LMI Aerospace, Inc		148,331
	13,808		LSI Industries, Inc		114,883
	12,770	*	Lydall, Inc		154,262
	39,617	*	Mastec, Inc		827,203
	9,592		Met-Pro Corp		101,100
	5,813	*	Michael Baker Corp		121,259
	13,547	*	Middleby Corp		1,144,450
	8,564		Miller Industries, Inc		140,278
	32,829	*	Moog, Inc (Class A)		1,344,348
	27,354		Mueller Industries, Inc		1,026,596
	114,976		Mueller Water Products, Inc (Class A)		375,972
	14,493	*	MYR Group, Inc		352,035
	4,212		Nacco Industries, Inc (Class A)		382,787
	3,501		National Presto Industries, Inc		356,192
	13,609	*	NCI Building Systems, Inc		153,646
	12,120	*	NN, Inc		142,774
	6,814	*	Northwest Pipe Co		204,761
	1,883		Omega Flex, Inc		24,423
	41,983	*	Orbital Sciences Corp		727,146
	19,545	*	Orion Marine Group, Inc		169,846
	21,428		Perini Corp		338,134
	12,275	*	Pike Electric Corp		107,897
	12,571	*	PMFG, Inc		235,958
	6,398	*	Powell Industries, Inc		246,579
	13,913	*	PowerSecure International, Inc		95,304
	1,801		Preformed Line Products Co		112,310
	19,323		Primoris Services Corp		235,741
	27,539		Quanex Building Products Corp		431,536
	13,065		Raven Industries, Inc		690,224
	15,879	*	RBC Bearings, Inc		602,926
	28,456		Robbins & Myers, Inc		1,372,716
	48,939	*	RSC Holdings, Inc		584,332
	23,176	*	Rush Enterprises, Inc (Class A)		463,288
	69,233	*	SatCon Technology Corp		130,158
	8,464	*	Sauer-Danfoss, Inc		402,040
	225		Seaboard Corp		588,375
	8,281		SeaCube Container Leasing Ltd		120,157

161

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	30,050		Simpson Manufacturing Co, Inc	$	850,414
	9,054		Standex International Corp		291,448
	11,937	*	Sterling Construction Co, Inc		152,794
	14,478		Sun Hydraulics Corp		412,768
	13,530		TAL International Group, Inc		418,618
	46,650	*	Taser International, Inc		191,732
	13,361	*	Tecumseh Products Co (Class A)		136,549
	26,722	*	Teledyne Technologies, Inc		1,449,134
	13,885		Tennant Co		594,417
	7,204		Textainer Group Holdings Ltd		186,944
	7,240	*	Thermon Group Holdings		101,360
	30,849		Titan International, Inc		779,554
	11,498	*	Titan Machinery, Inc		303,662
	17,844		Tredegar Corp		340,107
	11,244	*	Trex Co, Inc		237,024
	18,474	*	Trimas Corp		442,822
	25,892		Triumph Group, Inc		1,394,025
	6,106		Twin Disc, Inc		232,028
	44,656	*	United Rentals, Inc		1,027,535
	14,087		Universal Forest Products, Inc		415,144
	51,624	*	USG Corp		587,480
	48,706	*	Valence Technology, Inc		58,934
	14,178		Vicor Corp		199,484
	49,943	*	Wabash National Corp		375,072
	20,506		Watsco, Inc		1,213,545
	21,845		Watts Water Technologies, Inc (Class A)		732,463
	44,349		Woodward Governor Co		1,530,042
	7,939	*	Xerium Technologies, Inc		129,723
			TOTAL CAPITAL GOODS		79,934,176
COMMERCIAL & PROFESSIONAL SERVICES - 3.9%
	37,727		ABM Industries, Inc		848,858
	30,667	*	Acacia Research (Acacia Technologies)		1,316,227
	41,314	*	ACCO Brands Corp		354,061
	16,379		Administaff, Inc		478,594
	11,260	*	Advisory Board Co		602,860
	13,281		American Ecology Corp		224,316
	26,289	*	American Reprographics Co		179,554
	23,469	*	APAC Customer Services, Inc		197,374
	6,946	*	AT Cross Co		102,592
	5,975		Barrett Business Services, Inc		89,147
	34,175		Brink’s Co		1,019,781
	17,396	*	Casella Waste Systems, Inc (Class A)		109,421
	27,027	*	CBIZ, Inc		201,621
	8,734		CDI Corp		113,193
	40,603	*	Cenveo, Inc		235,091
	33,798	*	Clean Harbors, Inc		1,782,844
	780		Compx International, Inc		10,608
	6,742	*	Consolidated Graphics, Inc		347,820
	61,157	*	Coolbrands International, Inc		276,430
	24,897		Corporate Executive Board Co		1,012,062
	18,276	*	CoStar Group, Inc		1,073,897

162

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	7,434		Courier Corp	$	71,441
	8,076	*	CRA International, Inc		217,083
	37,160		Deluxe Corp		874,746
	21,599	*	Dolan Media Co		171,280
	61,732	*	EnergySolutions, Inc		312,364
	16,812	*	EnerNOC, Inc		281,433
	18,690		Ennis, Inc		327,823
	10,097	*	Exponent, Inc		422,156
	10,236	*	Franklin Covey Co		114,643
	30,389	*	FTI Consulting, Inc		1,102,816
	14,705	*	Fuel Tech, Inc		93,524
	13,497		G & K Services, Inc (Class A)		459,843
	45,162	*	Geo Group, Inc		939,370
	10,648	*	GP Strategies Corp		137,892
	48,300		Healthcare Services Group		757,827
	12,551		Heidrick & Struggles International, Inc		333,857
	3,420	*	Heritage-Crystal Clean, Inc		68,537
	42,175		Herman Miller, Inc		970,447
	22,103	*	Higher One Holdings, Inc		438,745
	18,722	*	Hill International, Inc		100,537
	32,906		HNI Corp		688,064
	23,999	*	Hudson Highland Group, Inc		143,754
	16,248	*	Huron Consulting Group, Inc		525,948
	14,219	*	ICF International, Inc		332,156
	18,649	*	Innerworkings, Inc		136,697
	37,686		Interface, Inc (Class A)		603,730
	6,643		Intersections, Inc		129,007
	19,423	*	Kelly Services, Inc (Class A)		303,970
	24,393	*	Kforce, Inc		336,136
	21,353		Kimball International, Inc (Class B)		128,118
	34,146		Knoll, Inc		623,165
	33,967	*	Korn/Ferry International		731,649
	7,366	*	M&F Worldwide Corp		184,592
	17,501		McGrath RentCorp		455,551
	29,242	*	Metalico, Inc		160,246
	19,625		Mine Safety Appliances Co		669,605
	10,668	*	Mistras Group, Inc		181,996
	27,279	*	Mobile Mini, Inc		575,860
	8,073		Multi-Color Corp		217,406
	36,188	*	Navigant Consulting, Inc		425,933
	48,509	*	Odyssey Marine Exploration, Inc		143,102
	26,424	*	On Assignment, Inc		269,525
	18,243		Quad		614,059
	33,533		Resources Connection, Inc		436,600
	46,727		Rollins, Inc		892,018
	6,909	*	RPX Corp		184,816
	7,829		Schawk, Inc (Class A)		123,620
	11,652	*	School Specialty, Inc		140,057
	37,940	*	Spherion Corp		528,125
	11,323	*	Standard Parking Corp		188,415
	55,564		Steelcase, Inc (Class A)		551,751
	29,950	*	SYKES Enterprises, Inc		578,035

163

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,710	*	Team, Inc	$	366,743
	45,668	*	Tetra Tech, Inc		1,004,695
	9,305	*	TMS International Corp		115,196
	12,784	*	TRC Cos, Inc		71,335
	31,989	*	TrueBlue, Inc		480,155
	10,297		Unifirst Corp		564,790
	33,251		United Stationers, Inc		1,067,024
	14,655		Viad Corp		303,798
	3,152		VSE Corp		66,350
	12,141	*	WCA Waste Corp		69,082
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		35,085,589
CONSUMER DURABLES & APPAREL - 3.4%
	29,458		American Greetings Corp (Class A)		653,083
	8,416	*	Arctic Cat, Inc		138,696
	44,245	*	Ascena Retail Group, Inc		1,429,998
	53,893	*	Beazer Homes USA, Inc		156,290
	3,946		Blyth, Inc		249,624
	64,689		Brunswick Corp		1,412,161
	46,424		Callaway Golf Co		294,792
	35,858	*	Carter’s, Inc		1,201,243
	4,760	*	Cavco Industries, Inc		202,586
	5,865		Cherokee, Inc		93,019
	9,597	*	Clarus Corp		80,711
	8,770		Columbia Sportswear Co		503,398
	61,835	*	CROCS, Inc		1,937,291
	5,065		CSS Industries, Inc		100,490
	4,922	*	Delta Apparel, Inc		96,816
	194,708	*	Eastman Kodak Co		467,299
	17,954		Ethan Allen Interiors, Inc		330,354
	31,001	*	Furniture Brands International, Inc		124,934
	11,328	*	G-III Apparel Group Ltd		349,695
	22,439	*	Helen of Troy Ltd		723,657
	44,600	*	Hovnanian Enterprises, Inc (Class A)		85,632
	52,738	*	Iconix Brand Group, Inc		1,230,378
	17,168	*	iRobot Corp		600,193
	19,685	*	Jakks Pacific, Inc		343,503
	3,029	*	Johnson Outdoors, Inc		54,007
	63,764		Jones Apparel Group, Inc		825,106
	55,632		KB Home		472,316
	5,302	*	Kenneth Cole Productions, Inc (Class A)		67,654
	18,887	*	K-Swiss, Inc (Class A)		201,335
	37,701	*	La-Z-Boy, Inc		330,638
	29,135	*	Leapfrog Enterprises, Inc		113,627
	14,018	*	Libbey, Inc		216,858
	7,103		Lifetime Brands, Inc		78,133
	68,805	*	Liz Claiborne, Inc		440,352
	13,410	*	M/I Homes, Inc		151,533
	16,716	*	Maidenform Brands, Inc		432,109
	6,663	*	Marine Products Corp		36,313
	26,960		MDC Holdings, Inc		609,566
	20,546	*	Meritage Homes Corp		448,930

164

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	12,386		Movado Group, Inc	$	200,405
	9,564		Oxford Industries, Inc		374,718
	9,382	*	Perry Ellis International, Inc		219,257
	34,854		Pool Corp		932,345
	94,473	*	Quiksilver, Inc		496,928
	5,854		RG Barry Corp		66,560
	31,954		Ryland Group, Inc		470,682
	36,798	*	Sealy Corp		80,588
	26,985	*	Skechers U.S.A., Inc (Class A)		449,300
	4,666		Skyline Corp		63,131
	44,195	*	Smith & Wesson Holding Corp		148,495
	78,243	*	Standard-Pacific Corp		223,775
	4,684	*	Steinway Musical Instruments, Inc		135,789
	27,247	*	Steven Madden Ltd		1,038,111
	13,927		Sturm Ruger & Co, Inc		380,486
	9,672	*	Summer Infant, Inc		83,276
	28,504	*	Timberland Co (Class A)		1,219,686
	18,916	*	True Religion Apparel, Inc		637,280
	10,000	*	Unifi, Inc		128,300
	10,847	*	Universal Electronics, Inc		253,928
	14,318	*	Vera Bradley, Inc		519,314
	31,850	*	Warnaco Group, Inc		1,697,605
	5,253		Weyco Group, Inc		121,659
	36,220		Wolverine World Wide, Inc		1,371,651
	14,408	*	Zagg, Inc		221,163
			TOTAL CONSUMER DURABLES & APPAREL		28,818,752
CONSUMER SERVICES - 3.9%
	18,279	*	AFC Enterprises		282,411
	13,280		Ambassadors Group, Inc		113,146
	13,133	*	American Public Education, Inc		598,471
	23,292		Ameristar Casinos, Inc		517,082
	9,088	*	Archipelago Learning, Inc		87,608
	10,445	*	Ascent Media Corp (Series A)		502,509
	9,591	*	Benihana, Inc		88,429
	17,218	*	BJ’s Restaurants, Inc		798,399
	21,911		Bob Evans Farms, Inc		756,806
	39,300	*	Boyd Gaming Corp		343,482
	13,910	*	Bravo Brio Restaurant Group, Inc		310,889
	12,901	*	Bridgepoint Education, Inc		319,429
	13,212	*	Buffalo Wild Wings, Inc		839,358
	11,450	*	Cambium Learning Group, Inc		36,182
	11,618	*	Capella Education Co		496,670
	9,336	*	Caribou Coffee Co, Inc		123,329
	9,613	*	Carrols Restaurant Group, Inc		94,496
	16,759		CBRL Group, Inc		755,998
	14,496		CEC Entertainment, Inc		560,995
	41,737	*	Cheesecake Factory		1,203,277
	8,968		Churchill Downs, Inc		393,964
	23,171	*	Coinstar, Inc		1,132,134
	57,323	*	Corinthian Colleges, Inc		238,464
	71,992	*	Denny’s Corp		274,290

165

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,187	*	DineEquity, Inc	$	582,843
	44,638	*	Domino’s Pizza, Inc		1,199,423
	3,930		Einstein Noah Restaurant Group, Inc		61,622
	25,858	*	Gaylord Entertainment Co		758,674
	21,692	*	Grand Canyon Education, Inc		333,840
	45,331		Hillenbrand, Inc		992,296
	21,177		International Speedway Corp (Class A)		592,321
	29,051	*	Interval Leisure Group, Inc		373,305
	13,341	*	Isle of Capri Casinos, Inc		113,132
	36,028	*	Jack in the Box, Inc		818,556
	45,565	*	Jamba, Inc		92,041
	18,731	*	K12, Inc		600,890
	42,035	*	Krispy Kreme Doughnuts, Inc		343,846
	30,850	*	Life Time Fitness, Inc		1,288,295
	16,325		Lincoln Educational Services Corp		291,891
	13,577	*	Luby’s, Inc		74,266
	8,786		Mac-Gray Corp		129,154
	15,638		Marcus Corp		151,376
	21,952		Matthews International Corp (Class A)		794,443
	11,501	*	McCormick & Schmick’s Seafood Restaurants, Inc		101,669
	6,008	*	Monarch Casino & Resort, Inc		69,392
	15,521	*	Morgans Hotel Group Co		111,130
	19,099	*	Multimedia Games, Inc		82,890
	5,435		National American University Holdings, Inc		55,709
	13,653	*	O’Charleys, Inc		83,147
	72,068	*	Orient-Express Hotels Ltd (Class A)		712,753
	14,398	*	Papa John’s International, Inc		449,362
	9,260	*	Peet’s Coffee & Tea, Inc		540,784
	16,420		PF Chang’s China Bistro, Inc		540,711
	45,399	*	Pinnacle Entertainment, Inc		655,108
	10,622	*	Red Lion Hotels Corp		80,196
	9,468	*	Red Robin Gourmet Burgers, Inc		325,889
	41,590		Regis Corp		617,612
	46,733	*	Ruby Tuesday, Inc		424,803
	25,394	*	Ruth’s Chris Steak House, Inc		146,016
	42,266	*	Scientific Games Corp (Class A)		386,311
	39,875	*	Shuffle Master, Inc		371,635
	30,128		Six Flags Entertainment Corp		1,060,807
	44,206	*	Sonic Corp		473,004
	49,140		Sotheby’s (Class A)		2,081,078
	9,017		Speedway Motorsports, Inc		122,631
	877	*	Steak N Shake Co		322,885
	10,803	*	Steiner Leisure Ltd		525,242
	57,002		Stewart Enterprises, Inc (Class A)		396,164
	8,849		Strayer Education, Inc		1,076,481
	45,235		Texas Roadhouse, Inc (Class A)		747,282
	14,802	*	Town Sports International Holdings, Inc		135,290
	15,088		Universal Technical Institute, Inc		261,022
	26,424		Vail Resorts, Inc		1,208,897
			TOTAL CONSUMER SERVICES		34,625,932

166

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 3.8%
	39,827		Advance America Cash Advance Centers, Inc	$	280,780
	142,618		Apollo Investment Corp		1,366,279
	22,589		Artio Global Investors, Inc		248,479
	54,677		BGC Partners, Inc (Class A)		447,805
	51,891		BlackRock Kelso Capital Corp		447,819
	54,163	*	Broadpoint Securities Group, Inc		92,619
	14,205		Calamos Asset Management, Inc (Class A)		193,472
	1,240		California First National Bancorp		19,245
	2,091		Capital Southwest Corp		196,366
	21,343		Cash America International, Inc		1,194,354
	12,659		Cohen & Steers, Inc		500,410
	29,173		Compass Diversified Trust		436,720
	48,367	*	Cowen Group, Inc		191,050
	4,829	*	Credit Acceptance Corp		382,988
	8,599	*	Deerfield Capital Corp		54,776
	1,811		Diamond Hill Investment Group, Inc		140,660
	31,609	*	Dollar Financial Corp		683,070
	21,917		Duff & Phelps Corp		249,635
	11,657	*	Encore Capital Group, Inc		318,819
	10,645		Epoch Holding Corp		206,513
	14,204		Evercore Partners, Inc (Class A)		403,820
	34,204	*	Ezcorp, Inc (Class A)		1,138,309
	39,035	*	FBR Capital Markets Corp		113,592
	48,083		Fifth Street Finance Corp		505,833
	27,693	*	Financial Engines, Inc		657,986
	22,638	*	First Cash Financial Services, Inc		979,546
	39,949	*	First Marblehead Corp		65,916
	4,698		Friedman Billings Ramsey Group, Inc (Class A)		131,920
	13,397		FXCM, Inc		135,310
	6,510	*	Gain Capital Holdings, Inc		39,386
	4,821		GAMCO Investors, Inc (Class A)		233,192
	50,188		GFI Group, Inc		227,854
	15,453		Gladstone Capital Corp		139,077
	16,280		Gladstone Investment Corp		114,286
	7,385		Golub Capital BDC, Inc		115,575
	23,102	*	Harris & Harris Group, Inc		117,820
	31,263		Hercules Technology Growth Capital, Inc		293,872
	20,986	*	HFF, Inc (Class A)		316,889
	12,630	*	Imperial Holdings, Inc		122,132
	9,423	*	International Assets Holding Corp		216,541
	26,343	*	Internet Capital Group, Inc		291,090
	30,439	*	Investment Technology Group, Inc		370,443
	58,600		iShares Russell 2000 Index Fund		4,667,489
	11,348		JMP Group, Inc		83,294
	25,676		KBW, Inc		439,060
	72,911	*	Knight Capital Group, Inc (Class A)		824,623
	13,868		Kohlberg Capital Corp		98,879
	71,370	*	Ladenburg Thalmann Financial Services, Inc		97,777
	13,522		Main Street Capital Corp		236,094
	20,724		MarketAxess Holdings, Inc		541,517
	5,868	*	Marlin Business Services Corp		73,233
	55,367		MCG Capital Corp		308,394

167

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,450		Medallion Financial Corp	$	106,256
	7,970		Medley Capital Corp		82,091
	118,155	*	MF Global Holdings Ltd		870,801
	17,547		MVC Capital, Inc		219,513
	19,236		Nelnet, Inc (Class A)		387,798
	21,872	*	Netspend Holdings, Inc		172,570
	5,263	*	New Mountain Finance Corp		64,261
	20,037	*	NewStar Financial, Inc		213,194
	16,024		NGP Capital Resources Co		126,109
	7,041	*	Nicholas Financial, Inc		85,971
	7,562		Oppenheimer Holdings, Inc		195,705
	31,105		optionsXpress Holdings, Inc		469,686
	31,949		PennantPark Investment Corp		339,298
	40,277	*	PHH Corp		755,596
	16,776	*	Pico Holdings, Inc		458,153
	11,495	*	Piper Jaffray Cos		338,873
	12,450	*	Portfolio Recovery Associates, Inc		1,007,578
	18,138	*	Primus Guaranty Ltd		114,451
	71,757		Prospect Capital Corp		667,340
	6,826		Pzena Investment Management, Inc (Class A)		40,546
	15,213	*	Safeguard Scientifics, Inc		277,029
	15,846		Sanders Morris Harris Group, Inc		120,905
	26,354		Solar Capital Ltd		607,196
	6,387		Solar Senior Capital Ltd		114,200
	38,833	*	Stifel Financial Corp		1,474,100
	22,444		SWS Group, Inc		122,320
	6,254		THL Credit, Inc		78,425
	22,609		TICC Capital Corp		203,029
	13,409		Triangle Capital Corp		230,501
	3,968	*	Virtus Investment Partners, Inc		311,726
	4,506		Westwood Holdings Group, Inc		169,786
	11,616	*	World Acceptance Corp		740,172
			TOTAL DIVERSIFIED FINANCIALS		32,917,787
ENERGY - 7.6%
	58,319	*	Abraxas Petroleum Corp		267,684
	8,224		Alon USA Energy, Inc		100,004
	12,741	*	Amyris Biotechnologies, Inc		294,954
	6,704		APCO Argentina, Inc		590,891
	16,222	*	Approach Resources, Inc		421,123
	32,507	*	ATP Oil & Gas Corp		471,026
	17,097	*	Basic Energy Services, Inc		553,772
	37,503		Berry Petroleum Co (Class A)		2,150,798
	34,025	*	Bill Barrett Corp		1,693,084
	73,797	*	BPZ Energy, Inc		267,145
	26,248		Bristow Group, Inc		1,272,503
	67,854	*	Cal Dive International, Inc		378,625
	27,649	*	Callon Petroleum Co		192,714
	28,148	*	Carrizo Oil & Gas, Inc		1,080,883
	59,699	*	Cheniere Energy, Inc		614,900
	4,281	*	Clayton Williams Energy, Inc		283,916
	35,823	*	Clean Energy Fuels Corp		573,526

168

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	43,741	*	Cloud Peak Energy, Inc	$	975,424
	57,035	*	Complete Production Services, Inc		2,217,522
	34,418	*	Comstock Resources, Inc		1,097,934
	8,643	*	Contango Oil & Gas Co		545,200
	15,656	*	Crimson Exploration, Inc		49,316
	29,081		Crosstex Energy, Inc		424,583
	63,472	*	CVR Energy, Inc		1,704,223
	5,780	*	Dawson Geophysical Co		229,408
	10,171		Delek US Holdings, Inc		169,042
	46,660		DHT Maritime, Inc		167,976
	24,978	*	Dril-Quip, Inc		1,761,199
	26,821	*	Endeavour International Corp		336,335
	20,941	*	Energy Partners Ltd		356,206
	54,085	*	Energy XXI Bermuda Ltd		1,774,529
	10,374	*	Evolution Petroleum Corp		76,145
	45,905	*	Exterran Holdings, Inc		848,324
	37,261		Frontline Ltd		428,502
	37,765	*	FX Energy, Inc		361,033
	39,532	*	Gastar Exploration Ltd		187,777
	75,012		General Maritime Corp		81,763
	7,768	*	Geokinetics, Inc		48,550
	14,517	*	Georesources, Inc		370,474
	3,500	*	Gevo, Inc		57,855
	13,096	*	Global Geophysical Services, Inc		223,418
	74,414	*	Global Industries Ltd		381,744
	41,545	*	GMX Resources, Inc		201,493
	28,747		Golar LNG Ltd		1,096,123
	18,735	*	Goodrich Petroleum Corp		371,515
	14,935	*	Green Plains Renewable Energy, Inc		163,538
	10,269		Gulf Island Fabrication, Inc		355,307
	17,164	*	Gulfmark Offshore, Inc		836,573
	28,119	*	Gulfport Energy Corp		1,025,219
	2,622		Hallador Petroleum Co		26,797
	24,250	*	Harvest Natural Resources, Inc		332,225
	76,616	*	Helix Energy Solutions Group, Inc		1,500,141
	83,661	*	Hercules Offshore, Inc		393,207
	16,515	*	Hornbeck Offshore Services, Inc		459,778
	13,141		Houston American Energy Corp		216,301
	112,485	*	Hyperdynamics Corp		596,171
	94,969	*	ION Geophysical Corp		962,986
	797	*	Isramco, Inc		48,776
	26,273	*	James River Coal Co		498,136
	90,174	*	Key Energy Services, Inc		1,757,491
	16,322		Knightsbridge Tankers Ltd		336,070
	150,881	*	Kodiak Oil & Gas Corp		1,024,482
	16,033	*	L&L Energy, Inc		79,524
	21,903		Lufkin Industries, Inc		1,784,657
	80,480	*	Magnum Hunter Resources Corp		577,846
	18,931	*	Matrix Service Co		263,898
	69,845	*	McMoRan Exploration Co		1,176,190
	22,397	*	Miller Petroleum, Inc		98,771
	7,234	*	Mitcham Industries, Inc		131,369

169

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,839	*	Natural Gas Services Group, Inc	$	140,628
	64,376	*	Newpark Resources, Inc		598,053
	34,137		Nordic American Tanker Shipping		699,126
	45,471	*	Northern Oil And Gas, Inc		1,006,728
	42,500	*	Oasis Petroleum, Inc		1,255,450
	19,032		Overseas Shipholding Group, Inc		463,239
	3,141	*	OYO Geospace Corp		318,592
	45,274	*	Pacific Asia Petroleum, Inc		52,971
	5,239		Panhandle Oil and Gas, Inc (Class A)		171,734
	87,066	*	Parker Drilling Co		551,998
	65,754	*	Patriot Coal Corp		1,243,408
	33,807		Penn Virginia Corp		443,548
	16,974	*	Petroleum Development Corp		616,496
	39,844	*	Petroquest Energy, Inc		323,932
	9,481	*	PHI, Inc		204,126
	44,417	*	Pioneer Drilling Co		722,665
	157,444	*	Rentech, Inc		148,029
	33,358	*	Resolute Energy Corp		543,402
	24,740	*	Rex Energy Corp		273,872
	5,670	*	Rex Stores Corp		97,694
	3,590	*	RigNet, Inc		62,071
	38,901	*	Rosetta Resources, Inc		2,013,905
	17,602	*	Scorpio Tankers, Inc		130,079
	29,997	*	SemGroup Corp		698,330
	32,576		Ship Finance International Ltd		517,958
	7,932	*	Solazyme, Inc		181,246
	35,417	*	Stone Energy Corp		1,149,636
	30,497	*	Swift Energy Co		1,161,936
	53,736	*	Syntroleum Corp		72,006
	12,365		Targa Resources Investments, Inc		417,442
	30,672		Teekay Tankers Ltd (Class A)		251,204
	21,997	*	Tesco Corp		467,656
	54,861	*	Tetra Technologies, Inc		706,061
	31,107	*	Triangle Petroleum Corp		232,058
	11,914	*	Union Drilling, Inc		132,841
	46,796	*	Uranerz Energy Corp		140,856
	50,644	*	Uranium Energy Corp		170,164
	67,583	*	Uranium Resources, Inc		97,995
	74,755	*	Ur-Energy, Inc		124,841
	83,976	*	USEC, Inc		286,358
	39,079	*	Vaalco Energy, Inc		260,266
	120,319	*	Vantage Drilling Co		196,120
	21,347	*	Venoco, Inc		271,320
	34,086	*	VOYAGER OIL & GAS		108,393
	25,496		W&T Offshore, Inc		690,942
	50,250	*	Warren Resources, Inc		204,518
	37,435	*	Western Refining, Inc		764,797
	7,131	*	Westmoreland Coal Co		109,603
	29,471	*	Willbros Group, Inc		271,133
	51,183		World Fuel Services Corp		1,926,016
	18,127	*	Zion Oil & Gas, Inc		64,170
			TOTAL ENERGY		66,154,226

170

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.0%
	13,464		Andersons, Inc	$	553,505
	830		Arden Group, Inc (Class A)		73,671
	27,429		Casey’s General Stores, Inc		1,234,305
	20,338	*	Fresh Market, Inc		722,609
	8,838		Ingles Markets, Inc (Class A)		136,105
	8,764		Nash Finch Co		313,751
	16,430	*	Pantry, Inc		292,783
	12,856		Pricesmart, Inc		752,333
	426,029	*	Rite Aid Corp		553,838
	33,881		Ruddick Corp		1,419,614
	16,234		Spartan Stores, Inc		286,692
	6,832	*	Susser Holdings Corp		111,430
	34,950	*	United Natural Foods, Inc		1,459,162
	4,611		Village Super Market (Class A)		123,944
	8,046		Weis Markets, Inc		323,369
	39,855	*	Winn-Dixie Stores, Inc		357,898
			TOTAL FOOD & STAPLES RETAILING		8,715,009
FOOD, BEVERAGE & TOBACCO - 1.7%
	2,545		Alico, Inc		62,123
	63,464	*	Alliance One International, Inc		208,797
	34,735		B&G Foods, Inc (Class A)		652,671
	5,931	*	Boston Beer Co, Inc (Class A)		534,679
	8,039		Calavo Growers, Inc		166,166
	10,067		Cal-Maine Foods, Inc		340,365
	52,026	*	Central European Distribution Corp		503,611
	32,396	*	Chiquita Brands International, Inc		383,569
	3,308		Coca-Cola Bottling Co Consolidated		213,432
	7,445	*	Craft Brewers Alliance, Inc		57,997
	84,570	*	Darling International, Inc		1,427,543
	15,908		Diamond Foods, Inc		1,138,854
	25,911	*	Dole Food Co, Inc		367,677
	4,703		Farmer Bros Co		36,824
	26,402		Fresh Del Monte Produce, Inc		647,113
	1,656		Griffin Land & Nurseries, Inc (Class A)		46,219
	26,103	*	Hain Celestial Group, Inc		843,910
	6,711	*	Harbinger Group, Inc		35,635
	68,519	*	Heckmann Corp		413,170
	9,265		Imperial Sugar Co		213,836
	10,340		J&J Snack Foods Corp		534,475
	13,749		Lancaster Colony Corp		826,727
	32,732		Lance, Inc		668,060
	3,394	*	Lifeway Foods, Inc		37,673
	5,984		Limoneira Co		124,048
	7,624		Mgp Ingredients, Inc		60,001
	8,520		National Beverage Corp		125,926
	14,003	*	Omega Protein Corp		169,716
	35,149	*	Pilgrim’s Pride Corp		168,715
	8,936	*	Primo Water		128,678
	16,010		Sanderson Farms, Inc		739,982

171

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,234	*	Seneca Foods Corp	$	161,461
	43,525	*	Smart Balance, Inc		206,309
	76,204	*	Star Scientific, Inc		309,388
	13,291	*	Synutra International, Inc		106,328
	17,338		Tootsie Roll Industries, Inc		486,331
	25,617	*	TreeHouse Foods, Inc		1,322,862
	16,741		Universal Corp		614,730
	33,142		Vector Group Ltd		580,316
			TOTAL FOOD, BEVERAGE & TOBACCO		15,665,917
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	16,072	*	Abaxis, Inc		381,228
	22,858	*	Abiomed, Inc		377,386
	28,920	*	Accretive Health, Inc		868,757
	49,218	*	Accuray, Inc		339,604
	8,237	*	Air Methods Corp		577,414
	43,789	*	Align Technology, Inc		962,920
	8,155	*	Alimera Sciences, Inc		69,807
	20,037	*	Alliance Imaging, Inc		72,334
	5,947	*	Almost Family, Inc		150,281
	38,845	*	Alphatec Holdings, Inc		113,427
	21,306	*	Amedisys, Inc		550,973
	11,662	*	American Dental Partners, Inc		135,512
	28,421	*	AMN Healthcare Services, Inc		229,073
	22,608	*	Amsurg Corp		574,921
	9,070		Analogic Corp		487,875
	17,853	*	Angiodynamics, Inc		246,907
	65,660	*	Antares Pharma, Inc		152,331
	19,593	*	Arthrocare Corp		647,549
	14,280		Assisted Living Concepts, Inc (A Shares)		223,768
	25,371	*	athenahealth, Inc		1,491,562
	9,599	*	AtriCure, Inc		116,820
	1,138		Atrion Corp		226,576
	20,530	*	Biolase Technology, Inc		70,623
	17,924	*	Bio-Reference Labs, Inc		357,405
	28,522	*	BioScrip, Inc		204,788
	9,721		Cantel Medical Corp		242,345
	19,324	*	Capital Senior Living Corp		169,858
	17,631	*	CardioNet, Inc		88,860
	9,582	*	Cardiovascular Systems, Inc		143,251
	22,838	*	CBaySystems Holdings Ltd		305,801
	36,220	*	Centene Corp		1,188,378
	36,250	*	Cerus Corp		100,413
	15,534		Chemed Corp		944,623
	8,283	*	Chindex International, Inc		94,675
	8,001		Computer Programs & Systems, Inc		587,273
	22,550	*	Conceptus, Inc		256,845
	20,456	*	Conmed Corp		531,856
	19,781	*	Continucare Corp		125,016
	4,515	*	Corvel Corp		208,367
	21,539	*	Cross Country Healthcare, Inc		148,834
	20,912	*	CryoLife, Inc		120,662

172

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,747	*	Cyberonics, Inc	$	563,074
	7,592	*	Cynosure, Inc (Class A)		98,772
	31,816	*	Delcath Systems, Inc		141,581
	48,804	*	DexCom, Inc		692,041
	7,332	*	DynaVox, Inc		48,318
	22,085	*	Emeritus Corp		433,970
	36,294	*	Endologix, Inc		329,550
	11,793		Ensign Group, Inc		334,921
	4,571	*	ePocrates, Inc		75,147
	6,232	*	Exactech, Inc		106,505
	19,212	*	EXamWorks, Inc		420,359
	23,008	*	Five Star Quality Care, Inc		113,890
	21,733	*	Gentiva Health Services, Inc		390,977
	16,891	*	Greatbatch, Inc		420,924
	18,424	*	Haemonetics Corp		1,206,771
	24,219	*	Hanger Orthopedic Group, Inc		508,841
	30,656	*	Hansen Medical, Inc		140,404
	68,797	*	Healthsouth Corp		1,678,646
	48,966	*	Healthspring, Inc		2,009,564
	11,060	*	HealthStream, Inc		149,752
	24,785	*	Healthways, Inc		370,040
	8,544	*	HeartWare International, Inc		567,663
	20,302	*	HMS Holdings Corp		1,534,831
	8,934	*	ICU Medical, Inc		379,516
	43,675	*	Immucor, Inc		1,157,388
	33,439	*	Insulet Corp		657,411
	15,255	*	Integra LifeSciences Holdings Corp		687,543
	21,060		Invacare Corp		631,379
	11,826	*	IPC The Hospitalist Co, Inc		534,890
	11,665	*	IRIS International, Inc		120,616
	6,095	*	Kensey Nash Corp		159,689
	38,005	*	Kindred Healthcare, Inc		716,014
	16,101	*	K-Kitz, Inc		38,320
	6,823		Landauer, Inc		385,158
	11,358	*	LHC Group, Inc		258,735
	23,191	*	Magellan Health Services, Inc		1,208,251
	23,027	*	MAKO Surgical Corp		663,408
	37,984		Masimo Corp		1,055,196
	33,333	*	MedAssets, Inc		422,329
	15,015	*	Medcath Corp		196,997
	11,137	*	Medical Action Industries, Inc		84,864
	14,887	*	Medidata Solutions, Inc		304,141
	39,454	*	Merge Healthcare, Inc		200,426
	29,430		Meridian Bioscience, Inc		635,688
	26,294	*	Merit Medical Systems, Inc		412,027
	29,864	*	Metropolitan Health Networks, Inc		169,030
	20,073	*	Molina Healthcare, Inc		454,653
	9,045	*	MWI Veterinary Supply, Inc		805,548
	7,180		National Healthcare Corp		341,553
	1,191		National Research Corp		43,388
	21,203	*	Natus Medical, Inc		244,471
	16,590	*	Neogen Corp		686,162

173

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	62,887	*	Neoprobe Corp	$	180,486
	28,961	*	NuVasive, Inc		828,864
	32,084	*	NxStage Medical, Inc		590,346
	23,486	*	Omnicell, Inc		401,845
	33,621	*	OraSure Technologies, Inc		309,313
	13,106	*	Orthofix International NV		553,466
	46,326		Owens & Minor, Inc		1,412,943
	12,853	*	Palomar Medical Technologies, Inc		127,502
	21,356	*	PharMerica Corp		272,716
	9,535	*	Providence Service Corp		112,990
	40,081	*	PSS World Medical, Inc		959,138
	13,919		Quality Systems, Inc		1,271,641
	20,505	*	Quidel Corp		306,755
	21,986	*	RadNet, Inc		82,448
	11,592	*	Rockwell Medical Technologies, Inc		124,150
	41,044	*	RTI Biologics, Inc		135,035
	32,790	*	Select Medical Holdings Corp		257,402
	14,451	*	Skilled Healthcare Group, Inc (Class A)		127,169
	44,673	*	Solta Medical, Inc		109,002
	9,723	*	SonoSite, Inc		317,553
	25,030	*	Spectranetics Corp		173,458
	24,194	*	Staar Surgical Co		110,083
	31,979	*	Stereotaxis, Inc		103,932
	42,815		STERIS Corp		1,498,096
	17,848	*	Sun Healthcare Group, Inc		124,936
	40,715	*	Sunrise Senior Living, Inc		359,106
	11,031	*	SurModics, Inc		121,341
	26,541	*	Symmetry Medical, Inc		255,590
	16,028	*	Synergetics USA, Inc		84,307
	8,394	*	Synovis Life Technologies, Inc		139,928
	19,275	*	Team Health Holdings, Inc		424,243
	7,565	*	Tornier BV		196,917
	6,669	*	Transcend Services, Inc		193,801
	14,743	*	Triple-S Management Corp (Class B)		318,007
	40,676	*	Unilife Corp		182,228
	23,351		Universal American Corp		222,068
	14,986	*	Uroplasty, Inc		102,055
	8,469		US Physical Therapy, Inc		203,934
	12,468	*	Vascular Solutions, Inc		162,832
	37,548	*	Volcano Corp		1,179,382
	30,758	*	WellCare Health Plans, Inc		1,348,738
	24,198		West Pharmaceutical Services, Inc		1,061,566
	27,999	*	Wright Medical Group, Inc		437,904
	4,095		Young Innovations, Inc		118,673
	15,890	*	Zoll Medical Corp		1,106,897
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		59,589,016
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	35,974	*	Central Garden and Pet Co (Class A)		315,132
	17,567	*	Elizabeth Arden, Inc		566,009
	14,159		Female Health Co		65,273
	11,621		Inter Parfums, Inc		232,885

174

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	9,779	*	Medifast, Inc	$	188,735
	8,089	*	Nature’s Sunshine Products, Inc		135,005
	37,976		Nu Skin Enterprises, Inc (Class A)		1,425,618
	6,975	*	Nutraceutical International Corp		103,230
	4,035		Oil-Dri Corp of America		83,484
	36,351	*	Prestige Brands Holdings, Inc		444,209
	7,439	*	Revlon, Inc (Class A)		125,273
	9,086		Schiff Nutrition International, Inc		105,125
	12,082	*	Spectrum Brands, Inc		322,589
	4,913	*	USANA Health Sciences, Inc		134,371
	12,421		WD-40 Co		544,041
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		4,790,979
INSURANCE - 2.5%
	42,516		American Equity Investment Life Holding Co		504,665
	7,931	*	American Safety Insurance Holdings Ltd		148,706
	13,695	*	Amerisafe, Inc		294,579
	17,409		Amtrust Financial Services, Inc		404,237
	19,833		Argo Group International Holdings Ltd		583,090
	6,017		Baldwin & Lyons, Inc (Class B)		145,792
	28,994	*	Citizens, Inc (Class A)		199,479
	160,319	*	Conseco, Inc		1,178,345
	19,423		Crawford & Co (Class B)		139,457
	34,568		Delphi Financial Group, Inc (Class A)		930,571
	6,281		Donegal Group, Inc (Class A)		75,498
	15,677	*	eHealth, Inc		203,017
	3,273		EMC Insurance Group, Inc		61,107
	28,200		Employers Holdings, Inc		419,052
	4,984	*	Enstar Group Ltd		526,510
	9,496		FBL Financial Group, Inc (Class A)		298,934
	76,725		First American Financial Corp		1,226,833
	37,104		Flagstone Reinsurance Holdings Ltd		330,597
	4,300	*	Fortegra Financial Corp		33,325
	6,337	*	Fpic Insurance Group, Inc		264,380
	20,262	*	Greenlight Capital Re Ltd (Class A)		501,687
	9,136	*	Hallmark Financial Services		61,577
	8,524		Harleysville Group, Inc		257,595
	29,635	*	Hilltop Holdings, Inc		259,306
	28,561		Horace Mann Educators Corp		415,848
	5,349		Independence Holding Co		48,034
	9,176		Infinity Property & Casualty Corp		464,948
	3,507		Kansas City Life Insurance Co		102,755
	36,091		Maiden Holdings Ltd		334,564
	62,265		Max Capital Group Ltd		1,356,754
	40,090		Meadowbrook Insurance Group, Inc		376,846
	45,767		Montpelier Re Holdings Ltd		789,938
	31,026	*	National Financial Partners Corp		351,525
	4,565		National Interstate Corp		102,302
	1,726		National Western Life Insurance Co (Class A)		295,716
	9,783	*	Navigators Group, Inc		461,171
	10,210		OneBeacon Insurance Group Ltd (Class A)		130,075
	84,798	*	Phoenix Cos, Inc		203,515

175

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	26,933		Platinum Underwriters Holdings Ltd	$	925,149
	15,648		Presidential Life Corp		177,761
	24,549		Primerica, Inc		530,749
	22,094	*	ProAssurance Corp		1,538,847
	13,275		RLI Corp		838,316
	9,335		Safety Insurance Group, Inc		379,001
	14,679		SeaBright Insurance Holdings, Inc		133,432
	40,308		Selective Insurance Group, Inc		660,648
	10,852		State Auto Financial Corp		179,926
	12,552		Stewart Information Services Corp		133,051
	48,183		Symetra Financial Corp		605,178
	26,665		Tower Group, Inc		609,562
	10,075	*	United America Indemnity Ltd		209,862
	16,352		United Fire & Casualty Co		280,437
	13,397		Universal Insurance Holdings, Inc		57,205
			TOTAL INSURANCE		21,741,454
MATERIALS - 4.8%
	22,996		A. Schulman, Inc		509,361
	3,125	*	AEP Industries, Inc		84,625
	17,335		AMCOL International Corp		531,491
	16,108		American Vanguard Corp		220,035
	16,407		Arch Chemicals, Inc		773,098
	20,985		Balchem Corp		918,513
	74,257		Boise, Inc		514,601
	14,762	*	Brush Engineered Materials, Inc		562,727
	29,231		Buckeye Technologies, Inc		786,021
	40,813	*	Calgon Carbon Corp		607,706
	12,141	*	Castle (A.M.) & Co		210,768
	37,255	*	Century Aluminum Co		485,060
	4,624		Chase Corp		64,828
	69,474	*	Chemtura		1,222,742
	8,399	*	Clearwater Paper Corp		635,300
	64,721	*	Coeur d’Alene Mines Corp		1,766,236
	7,801		Deltic Timber Corp		404,482
	32,145		Eagle Materials, Inc		798,803
	63,383	*	Ferro Corp		825,247
	36,099	*	Flotek Industries, Inc		340,414
	13,471	*	FutureFuel Corp		165,154
	50,417	*	General Moly, Inc		230,406
	24,430	*	Georgia Gulf Corp		489,577
	33,092		Glatfelter		499,358
	45,158		Globe Specialty Metals, Inc		1,042,247
	20,294	*	Gold Resource Corp		503,697
	8,938	*	Golden Minerals Co		129,959
	187,123	*	Golden Star Resources Ltd		473,421
	16,965	*	Graham Packaging Co, Inc		430,063
	113,369	*	Graphic Packaging Holding Co		561,176
	36,137		H.B. Fuller Co		826,092
	6,233		Hawkins, Inc		214,540
	9,141		Haynes International, Inc		572,592
	44,926	*	Headwaters, Inc		102,881

176

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	201,818	*	Hecla Mining Co	$	1,568,126
	31,364	*	Horsehead Holding Corp		350,336
	15,578		Innophos Holdings, Inc		750,860
	17,135	*	Innospec, Inc		550,376
	61,067	*	Jaguar Mining, Inc		291,290
	11,490		Kaiser Aluminum Corp		641,372
	27,906	*	Kapstone Paper and Packaging Corp		435,055
	4,847		KMG Chemicals, Inc		81,236
	14,931		Koppers Holdings, Inc		552,746
	23,054	*	Kraton Polymers LLC		832,249
	20,020	*	Landec Corp		123,724
	94,151	*	Louisiana-Pacific Corp		729,670
	13,282	*	LSB Industries, Inc		527,827
	9,191	*	Metals USA Holdings Corp		141,358
	57,775	*	Midway Gold Corp		137,505
	13,204		Minerals Technologies, Inc		855,355
	23,401		Myers Industries, Inc		278,472
	11,251		Neenah Paper, Inc		227,158
	6,514		NewMarket Corp		1,068,426
	4,826		NL Industries, Inc		86,868
	16,442	*	Noranda Aluminium Holding Corp		228,215
	57,889		Olin Corp		1,210,459
	7,007		Olympic Steel, Inc		183,233
	22,410	*	OM Group, Inc		813,035
	32,248	*	Omnova Solutions, Inc		217,996
	84,646	*	Paramount Gold and Silver Corp		254,784
	67,480		PolyOne Corp		1,045,940
	9,319		Quaker Chemical Corp		377,792
	18,077	*	Revett Minerals, Inc		81,889
	21,835	*	RTI International Metals, Inc		700,248
	12,673		Schweitzer-Mauduit International, Inc		711,082
	27,958	*	Senomyx, Inc		145,941
	36,517		Sensient Technologies Corp		1,355,510
	22,173	*	Spartech Corp		127,495
	5,705		Stepan Co		452,407
	74,340	*	Stillwater Mining Co		1,137,402
	20,754	*	STR Holdings, Inc		285,575
	16,466		Texas Industries, Inc		635,752
	9,598	*	Texas Petrochemicals, Inc		385,360
	110,426	*	Thompson Creek Metals Co, Inc		998,251
	1,796	*	United States Lime & Minerals, Inc		74,067
	5,025	*	Universal Stainless & Alloy		224,567
	20,229	*	US Energy Corp Wyoming		85,569
	76,141	*	US Gold Corp		483,495
	10,706	*	Verso Paper Corp		26,872
	50,382	*	Vista Gold Corp		155,680
	35,168		Wausau Paper Corp		259,540
	4,242	*	WHX Corp		60,024
	41,003		Worthington Industries, Inc		859,833
	15,740		Zep, Inc		295,125
	20,714	*	Zoltek Cos, Inc		209,419
			TOTAL MATERIALS		42,815,787

177

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
MEDIA - 1.3%
	13,542		AH Belo Corp (Class A)	$	86,669
	19,777		Arbitron, Inc		773,676
	66,959	*	Belo (A.H.) Corp (Class A)		468,043
	26,493	*	Central European Media Enterprises Ltd (Class A) Nasdaq		506,546
	65,655		Cinemark Holdings, Inc		1,279,615
	19,477	*	Crown Media Holdings, Inc (Class A)		33,111
	20,363	*	Cumulus Media, Inc (Class A)		71,881
	17,313	*	Entercom Communications Corp (Class A)		137,465
	37,564	*	Entravision Communications Corp (Class A)		72,499
	24,255	*	EW Scripps Co (Class A)		209,078
	6,388	*	Fisher Communications, Inc		187,296
	9,655	*	Global Sources Ltd		88,923
	10,330	*	Global Traffic Network, Inc		121,791
	38,692	*	Gray Television, Inc		94,022
	32,031		Harte-Hanks, Inc		261,693
	14,817	*	interCLICK, Inc		106,238
	33,048	*	Journal Communications, Inc (Class A)		163,918
	21,831	*	Knology, Inc		299,740
	25,506	*	Lin TV Corp (Class A)		104,575
	35,655	*	Lions Gate Entertainment Corp		253,151
	102,408	*	Live Nation, Inc		1,136,728
	20,668	*	Martha Stewart Living Omnimedia, Inc (Class A)		84,739
	43,841	*	McClatchy Co (Class A)		98,642
	18,120	*	MDC Partners, Inc		361,856
	26,276		Meredith Corp		784,339
	38,450		National CineMedia, Inc		566,369
	99,149	*	New York Times Co (Class A)		850,698
	7,439	*	Nexstar Broadcasting Group, Inc (Class A)		65,166
	9,442		Outdoor Channel Holdings, Inc		62,789
	7,230	*	ReachLocal, Inc		131,514
	6,763	*	Rentrak Corp		111,860
	2,605	*	Saga Communications, Inc		84,715
	18,694		Scholastic Corp		536,892
	35,295		Sinclair Broadcast Group, Inc (Class A)		349,773
	35,794	*	Valassis Communications, Inc		959,279
	883		Value Line, Inc		9,519
	3,641	*	Westwood One, Inc		20,681
	19,721		World Wrestling Entertainment, Inc (Class A)		198,590
			TOTAL MEDIA		11,734,079
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.6%
	28,733	*	Achillion Pharmaceuticals, Inc		212,912
	28,533	*	Acorda Therapeutics, Inc		810,337
	5,638	*	Acura Pharmaceuticals, Inc		17,140
	5,560	*	Aegerion Pharmaceuticals, Inc		87,348
	25,624	*	Affymax, Inc		169,375
	52,203	*	Affymetrix, Inc		294,947
	40,331	*	Akorn, Inc		279,494
	18,254	*	Albany Molecular Research, Inc		87,254
	68,690	*	Alkermes, Inc		1,184,216

178

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	57,122	*	Allos Therapeutics, Inc	$	106,247
	26,837	*	Alnylam Pharmaceuticals, Inc		251,731
	15,776	*	AMAG Pharmaceuticals, Inc		233,643
	11,390	*	Amicus Therapeutics, Inc		79,047
	14,355	*	Ampio Pharmaceuticals, Inc		90,724
	9,450	*	Anacor Pharmaceuticals, Inc		56,795
	12,324	*	Anthera Pharmaceuticals, Inc		98,222
	12,135	*	Ardea Biosciences, Inc		283,959
	100,033	*	Arena Pharmaceuticals, Inc		161,053
	94,395	*	Ariad Pharmaceuticals, Inc		1,122,357
	38,616	*	Arqule, Inc		216,250
	44,385	*	Array Biopharma, Inc		94,096
	34,576	*	Auxilium Pharmaceuticals, Inc		647,954
	88,668	*	AVANIR Pharmaceuticals, Inc		332,505
	19,009	*	AVEO Pharmaceuticals, Inc		363,262
	97,956	*	AVI BioPharma, Inc		143,995
	5,270	*	BG Medicine, Inc		39,683
	22,239	*	BioCryst Pharmaceuticals, Inc		75,613
	12,764	*	BioMimetic Therapeutics, Inc		49,269
	67,180	*	Biosante Pharmaceuticals, Inc		198,181
	3,160	*	Biospecifics Technologies Corp		69,236
	18,067	*	Biotime, Inc		88,167
	27,428	*	Cadence Pharmaceuticals, Inc		237,252
	32,714	*	Caliper Life Sciences, Inc		266,619
	21,887	*	Cambrex Corp		96,522
	120,966	*	Cell Therapeutics, Inc		163,304
	32,244	*	Celldex Therapeutics, Inc		115,756
	44,509	*	Cepheid, Inc		1,680,661
	38,018	*	Chelsea Therapeutics International, Inc		190,850
	17,114	*	Cleveland Biolabs, Inc		51,513
	17,768	*	Codexis, Inc		159,912
	53,134	*	Columbia Laboratories, Inc		151,963
	54,629	*	Combinatorx, Inc		125,647
	7,177	*	Complete Genomics, Inc		88,923
	28,659	*	Corcept Therapeutics, Inc		102,599
	4,827	*	Cornerstone Therapeutics, Inc		36,492
	43,136	*	Cubist Pharmaceuticals, Inc		1,465,330
	55,560	*	Curis, Inc		193,904
	33,786	*	Cytori Therapeutics, Inc		146,293
	37,973	*	Depomed, Inc		287,076
	60,769	*	Durect Corp		125,184
	17,682	*	Dusa Pharmaceuticals, Inc		90,001
	72,586	*	Dyax Corp		119,041
	84,604	*	Dynavax Technologies Corp		236,891
	17,600	*	Emergent Biosolutions, Inc		363,440
	10,280	*	Endocyte, Inc		137,032
	24,960	*	Enzo Biochem, Inc		95,846
	29,897	*	Enzon Pharmaceuticals, Inc		290,599
	34,639	*	eResearch Technology, Inc		220,650
	37,572	*	Exact Sciences Corp		320,865
	92,743	*	Exelixis, Inc		714,121
	4,580	*	Fluidigm Corp		77,677

179

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,691	*	Furiex Pharmaceuticals Inc	$	126,861
	12,276	*	Genomic Health, Inc		329,611
	91,451	*	Geron Corp		352,086
	2,371	*	Golf Trust Of America, Inc		20,604
	13,013	*	GTx, Inc		54,524
	59,304	*	Halozyme Therapeutics, Inc		411,570
	16,563	*	Harvard Bioscience, Inc		83,809
	7,477	*	Hi-Tech Pharmacal Co, Inc		211,524
	39,662	*	Idenix Pharmaceuticals, Inc		264,942
	54,656	*	Immunogen, Inc		739,496
	45,555	*	Immunomedics, Inc		185,864
	47,199	*	Impax Laboratories, Inc		999,675
	64,115	*	Incyte Corp		1,118,166
	13,396	*	Infinity Pharmaceuticals, Inc		120,564
	43,916	*	Inhibitex, Inc		181,812
	17,687	*	Insmed, Inc		203,224
	35,383	*	InterMune, Inc		1,181,085
	36,481	*	Ironwood Pharmaceuticals, Inc		545,391
	71,557	*	Isis Pharmaceuticals, Inc		618,252
	18,754	*	ISTA Pharmaceuticals, Inc		93,207
	15,968	*	Jazz Pharmaceuticals, Inc		646,225
	50,027	*	Keryx Biopharmaceuticals, Inc		220,619
	37,366	*	KV Pharmaceutical Co (Class A)		74,358
	11,709	*	Lannett Co, Inc		55,618
	123,184	*	Lexicon Pharmaceuticals, Inc		206,949
	14,812	*	Ligand Pharmaceuticals, Inc (Class B)		201,739
	27,070	*	Luminex Corp		550,875
	55,815	*	MannKind Corp		185,306
	15,824	*	MAP Pharmaceuticals, Inc		243,057
	24,110		Maxygen, Inc		130,917
	38,922	*	Medicines Co		583,052
	44,505		Medicis Pharmaceutical Corp (Class A)		1,654,697
	22,687	*	Medivation, Inc		481,418
	5,389		Medtox Scientific, Inc		84,122
	24,177	*	Metabolix, Inc		165,129
	67,885	*	Micromet, Inc		384,229
	33,315	*	Momenta Pharmaceuticals, Inc		588,343
	31,729	*	Nabi Biopharmaceuticals		62,506
	82,635	*	Nektar Therapeutics		532,169
	33,210	*	Neostem, Inc		28,229
	35,117	*	Neurocrine Biosciences, Inc		271,454
	4,753	*	Novacea, Inc		19,297
	63,109	*	Novavax, Inc		118,014
	62,792	*	NPS Pharmaceuticals, Inc		606,571
	13,970	*	Nymox Pharmaceutical Corp		111,620
	13,395	*	Obagi Medical Products, Inc		138,906
	7,038	*	OncoGenex Pharmaceutical, Inc		101,769
	30,081	*	Oncothyreon, Inc		240,949
	45,910	*	Onyx Pharmaceuticals, Inc		1,514,112
	78,802	*	Opko Health, Inc		342,789
	33,168	*	Optimer Pharmaceuticals, Inc		350,917
	22,232	*	Orexigen Therapeutics, Inc		36,683

180

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,014	*	Osiris Therapeutics, Inc	$	93,050
	23,603	*	Pacific Biosciences of California, Inc		259,869
	3,509	*	Pacira Pharmaceuticals, Inc		35,160
	26,155		Pain Therapeutics, Inc		126,067
	26,174	*	Par Pharmaceutical Cos, Inc		847,776
	42,805	*	Parexel International Corp		878,787
	102,045		PDL BioPharma, Inc		631,659
	54,852	*	Peregrine Pharmaceuticals, Inc		94,894
	32,842	*	Pharmacyclics, Inc		410,853
	25,635	*	PharmAthene, Inc		67,933
	19,998	*	Pozen, Inc		88,991
	21,151	*	Progenics Pharmaceuticals, Inc		115,484
	39,220	*	Questcor Pharmaceuticals, Inc		1,217,781
	23,523	*	Raptor Pharmaceutical Corp		132,670
	49,515	*	Rigel Pharmaceuticals, Inc		430,285
	4,807	*	Sagent Pharmaceuticals		133,971
	41,913	*	Salix Pharmaceuticals Ltd		1,625,386
	38,201	*	Sangamo Biosciences, Inc		207,049
	38,670	*	Santarus, Inc		126,064
	51,783	*	Savient Pharmaceuticals, Inc		362,481
	25,963	*	Sciclone Pharmaceuticals, Inc		166,682
	69,531	*	Seattle Genetics, Inc		1,184,113
	72,662	*	Sequenom, Inc		512,994
	25,786	*	SIGA Technologies, Inc		196,231
	38,280	*	Spectrum Pharmaceuticals, Inc		405,768
	8,144	*	Sucampo Pharmaceuticals, Inc (Class A)		32,739
	20,412	*	Sunesis Pharmaceuticals, Inc		40,824
	43,435	*	SuperGen, Inc		132,911
	16,868	*	Synta Pharmaceuticals Corp		78,774
	19,928	*	Targacept, Inc		407,328
	49,843	*	Theravance, Inc		1,065,643
	4,540	*,m	Trius Therapeutics, Inc		39,680
	20,208	*	Vanda Pharmaceuticals, Inc		145,093
	54,365	*	Vical, Inc		261,496
	55,480	*	Viropharma, Inc		1,003,078
	58,589	*	Vivus, Inc		481,016
	25,580	*	Xenoport, Inc		181,362
	43,304	*	ZIOPHARM Oncology, Inc		235,574
	7,992	*	Zogenix, Inc		40,599
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		49,569,995
REAL ESTATE - 8.5%
	29,188		Acadia Realty Trust		612,656
	7,113		Agree Realty Corp		161,536
	1,511		Alexander’s, Inc		605,911
	23,859		American Assets Trust, Inc		524,659
	48,731		American Campus Communities, Inc		1,813,768
	92,643		Anworth Mortgage Asset Corp		642,016
	12,769		Apollo Commercial Real Estate Finance, Inc		198,686
	50,012	*	ARMOUR Residential REIT, Inc		362,087
	33,057		Ashford Hospitality Trust, Inc		360,321
	30,425		Associated Estates Realty Corp		552,214

181

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,572	*	Avatar Holdings, Inc	$	100,552
	95,264		BioMed Realty Trust, Inc		1,869,080
	21,941		Campus Crest Communities, Inc		262,853
	48,864		Capital Lease Funding, Inc		217,445
	56,289		Capstead Mortgage Corp		711,493
	105,663		CBL & Associates Properties, Inc		1,876,575
	37,939		Cedar Shopping Centers, Inc		188,177
	9,673		Chatham Lodging Trust		150,512
	22,791		Chesapeake Lodging Trust		376,052
	32,282		Cogdell Spencer, Inc		192,401
	60,744		Colonial Properties Trust		1,309,033
	24,412		Colony Financial, Inc		429,895
	3,193		Consolidated-Tomoka Land Co		93,172
	14,622		Coresite Realty		246,234
	67,248		Cousins Properties, Inc		572,280
	41,277		CreXus Investment Corp		433,821
	56,350		Cypress Sharpridge Investments, Inc		693,669
	179,022		DCT Industrial Trust, Inc		970,299
	121,327		DiamondRock Hospitality Co		1,239,962
	42,523		DuPont Fabros Technology, Inc		1,083,911
	25,666		Dynex Capital, Inc		233,561
	20,006		EastGroup Properties, Inc		890,667
	52,101		Education Realty Trust, Inc		457,447
	33,718		Entertainment Properties Trust		1,567,550
	22,188		Equity Lifestyle Properties, Inc		1,445,770
	38,767		Equity One, Inc		752,080
	22,311		Excel Trust, Inc		255,907
	68,488		Extra Space Storage, Inc		1,456,055
	92,702	*	FelCor Lodging Trust, Inc		476,488
	56,706	*	First Industrial Realty Trust, Inc		671,966
	36,314		First Potomac Realty Trust		567,225
	26,486	*	Forestar Real Estate Group, Inc		431,721
	50,259		Franklin Street Properties Corp		633,766
	18,663		Getty Realty Corp		432,982
	7,504		Gladstone Commercial Corp		130,420
	72,576		Glimcher Realty Trust		714,874
	25,517		Government Properties Income Trust		631,035
	53,206		Hatteras Financial Corp		1,426,985
	52,934		Healthcare Realty Trust, Inc		1,037,506
	101,767		Hersha Hospitality Trust		533,259
	52,456		Highwoods Properties, Inc		1,806,060
	28,244		Home Properties, Inc		1,850,547
	15,938		Hudson Pacific Properties		243,055
	55,163		Inland Real Estate Corp		486,538
	67,002		Invesco Mortgage Capital, Inc		1,311,899
	56,677		Investors Real Estate Trust		460,784
	66,824	*	iStar Financial, Inc		468,436
	17,168		Kennedy-Wilson Holdings, Inc		206,703
	42,261		Kilroy Realty Corp		1,630,429
	37,615		Kite Realty Group Trust		170,772
	61,912		LaSalle Hotel Properties		1,548,419
	86,502		Lexington Corporate Properties Trust		726,617

182

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,114		LTC Properties, Inc	$	600,395
	33,379	*	Maguire Properties, Inc		110,484
	80,817		Medical Properties Trust, Inc		950,408
	253,706		MFA Mortgage Investments, Inc		1,900,257
	26,424		Mid-America Apartment Communities, Inc		1,870,555
	14,162		Mission West Properties, Inc		114,712
	25,590		Monmouth Real Estate Investment Corp (Class A)		210,862
	17,992		National Health Investors, Inc		818,456
	61,978		National Retail Properties, Inc		1,555,028
	57,448		Newcastle Investment Corp		345,262
	69,750		NorthStar Realty Finance Corp		270,630
	30,398		NRDC Acquisition Corp		338,026
	73,433		Omega Healthcare Investors, Inc		1,442,224
	7,765		One Liberty Properties, Inc		120,047
	15,194		Parkway Properties, Inc		267,870
	36,013		Pebblebrook Hotel Trust		711,977
	40,519		Pennsylvania Real Estate Investment Trust		591,577
	20,358		Pennymac Mortgage Investment Trust		325,932
	35,790		Post Properties, Inc		1,517,496
	29,362		Potlatch Corp		975,406
	13,611		PS Business Parks, Inc		773,241
	28,731		RAIT Investment Trust		159,744
	27,125		Ramco-Gershenson Properties		332,824
	56,620		Redwood Trust, Inc		811,365
	48,106		Resource Capital Corp		274,204
	19,907		RLJ Lodging Trust		342,799
	18,176		Sabra Healthcare REIT, Inc		261,916
	5,315		Saul Centers, Inc		209,677
	20,042		Sovran Self Storage, Inc		812,703
	11,465		STAG Industrial, Inc		140,905
	67,818		Starwood Property Trust, Inc		1,315,669
	126,342	*	Strategic Hotels & Resorts, Inc		859,126
	19,009		Summit Hotel Properties, Inc		214,422
	15,279		Sun Communities, Inc		584,727
	85,491	*	Sunstone Hotel Investors, Inc		761,725
	59,045		Tanger Factory Outlet Centers, Inc		1,620,785
	10,244	*	Tejon Ranch Co		328,730
	7,164		Terreno Realty Corp		119,281
	101,346		Two Harbors Investment Corp		993,191
	7,771		UMH Properties, Inc		82,994
	8,557		Universal Health Realty Income Trust		352,634
	16,475		Urstadt Biddle Properties, Inc (Class A)		292,267
	72,860		U-Store-It Trust		775,959
	18,662		Walter Investment Management Corp		451,434
	47,405		Washington Real Estate Investment Trust		1,517,908
	5,396		Whitestone REIT		67,990
	20,203		Winthrop Realty Trust		223,445
			TOTAL REAL ESTATE		74,228,062
RETAILING - 3.8%
	20,902	*	1-800-FLOWERS.COM, Inc (Class A)		62,915
	33,603	*	99 Cents Only Stores		663,659

183

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	58,368	*	Aeropostale, Inc	$	983,501
	6,793	*	America’s Car-Mart, Inc		229,875
	37,680	*	Ann Taylor Stores Corp		977,419
	21,063	*	Asbury Automotive Group, Inc		453,486
	13,181	*	Audiovox Corp (Class A)		94,771
	20,994		Barnes & Noble, Inc		365,296
	27,763		Bebe Stores, Inc		205,724
	16,738		Big 5 Sporting Goods Corp		138,089
	9,161	*	Blue Nile, Inc		388,060
	8,492	*	Body Central Corp		182,493
	8,305		Bon-Ton Stores, Inc		84,296
	31,690		Brown Shoe Co, Inc		320,069
	19,011		Buckle, Inc		842,377
	12,730	*	Build-A-Bear Workshop, Inc		78,799
	30,098	*	Cabela’s, Inc		823,481
	31,277	*	Casual Male Retail Group, Inc		131,676
	20,362		Cato Corp (Class A)		566,471
	84,193	*	Charming Shoppes, Inc		345,191
	19,042	*	Children’s Place Retail Stores, Inc		920,109
	26,485		Christopher & Banks Corp		166,856
	10,705	*	Citi Trends, Inc		150,191
	44,107	*	Coldwater Creek, Inc		55,575
	45,225	*	Collective Brands, Inc		532,751
	10,777	*	Conn’s, Inc		88,695
	8,266	*	Core-Mark Holding Co, Inc		307,826
	13,731	*	Cost Plus, Inc		122,069
	7,216		Destination Maternity Corp		118,487
	39,934		Express Parent LLC		896,119
	37,720		Finish Line, Inc (Class A)		803,436
	28,612		Fred’s, Inc (Class A)		377,106
	17,119	*	Genesco, Inc		886,764
	16,470	*	GNC Holdings, Inc		415,044
	3,776	*	Gordmans Stores, Inc		67,704
	17,359		Group 1 Automotive, Inc		826,809
	12,650		Haverty Furniture Cos, Inc		140,289
	13,072	*	hhgregg, Inc		161,178
	19,999	*	Hibbett Sports, Inc		784,761
	32,346		Hot Topic, Inc		241,625
	28,792	*	HSN, Inc		941,210
	19,965	*	JOS A Bank Clothiers, Inc		1,024,404
	11,776	*	Kirkland’s, Inc		127,063
	15,869		Lithia Motors, Inc (Class A)		327,536
	16,195	*	Lumber Liquidators, Inc		254,423
	17,049	*	MarineMax, Inc		156,680
	37,206		Men’s Wearhouse, Inc		1,219,984
	22,451		Monro Muffler, Inc		802,848
	19,425	*	New York & Co, Inc		106,061
	19,443		Nutri/System, Inc		290,478
	200,573	*	Office Depot, Inc		758,166
	61,798	*	OfficeMax, Inc		437,530
	14,660	*	Orbitz Worldwide, Inc		47,792
	9,013	*	Overstock.com, Inc		114,375

184

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	34,429	*	Pacific Sunwear Of California, Inc	$	96,057
	32,551		Penske Auto Group, Inc		720,354
	38,147		PEP Boys - Manny Moe & Jack		410,080
	16,514		PetMed Express, Inc		181,159
	77,486	*	Pier 1 Imports, Inc		851,571
	45,980		Rent-A-Center, Inc		1,243,758
	11,220	*	Rue21, Inc		368,801
	84,268	*	Saks, Inc		905,038
	39,981	*	Select Comfort Corp		672,480
	6,366	*	Shoe Carnival, Inc		201,102
	21,535	*	Shutterfly, Inc		1,171,504
	28,690		Sonic Automotive, Inc (Class A)		449,572
	3,173	*	Sourceforge, Inc		78,183
	26,880		Stage Stores, Inc		478,464
	20,781		Stein Mart, Inc		197,420
	4,652	*	Syms Corp		48,567
	7,481		Systemax, Inc		121,865
	51,047	*	Talbots, Inc		176,623
	26,972	*	Tuesday Morning Corp		115,980
	10,292	*	US Auto Parts Network, Inc		77,087
	29,588	*	Valuevision International, Inc (Class A)		221,614
	17,904	*	Vitamin Shoppe, Inc		779,898
	10,612	*	West Marine, Inc		108,773
	73,407	*	Wet Seal, Inc (Class A)		358,960
	1,668		Winmark Corp		75,410
	22,970	*	Zale Corp		128,862
	14,963	*	Zumiez, Inc		397,567
			TOTAL RETAILING		33,246,341
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
	32,651	*	Advanced Analogic Technologies, Inc		197,539
	31,498	*	Advanced Energy Industries, Inc		334,194
	10,586	*	Alpha & Omega Semiconductor Lt		118,987
	76,135	*	Amkor Technology, Inc		405,800
	6,918	*	Amtech Systems, Inc		124,178
	46,735	*	Anadigics, Inc		146,748
	46,706	*	Applied Micro Circuits Corp		294,715
	22,818	*	ATMI, Inc		425,556
	75,263	*	Axcelis Technologies, Inc		124,937
	22,409	*	AXT, Inc		195,631
	47,480	*	Brooks Automation, Inc		451,535
	17,358	*	Cabot Microelectronics Corp		671,581
	34,981	*	Cavium Networks, Inc		1,206,495
	16,790	*	Ceva, Inc		507,394
	16	*,m	China Energy Savings Technology, Inc		1
	48,287	*	Cirrus Logic, Inc		732,997
	16,948		Cohu, Inc		212,189
	22,271	*	Cymer, Inc		980,592
	25,178	*	Diodes, Inc		592,942
	16,117	*	DSP Group, Inc		122,328
	97,404	*	Entegris, Inc		834,752
	61,957	*	Entropic Communications, Inc		413,873

185

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	25,093	*	Exar Corp	$	165,865
	35,969	*	Formfactor, Inc		330,555
	28,655	*	FSI International, Inc		81,094
	14,331	*	GSI Technology, Inc		92,005
	90,976	*	GT Solar International, Inc		1,240,912
	22,651	*	Hittite Microwave Corp		1,268,228
	14,812	*	Inphi Corp		187,964
	107,940	*	Integrated Device Technology, Inc		738,310
	19,189	*	Integrated Silicon Solution, Inc		170,590
	17,632	*	IXYS Corp		240,500
	49,551	*	Kopin Corp		213,069
	50,979	*	Kulicke & Soffa Industries, Inc		469,007
	84,389	*	Lattice Semiconductor Corp		523,212
	35,326	*	LTX-Credence Corp		253,994
	11,603	*	MaxLinear, Inc		77,160
	37,138		Micrel, Inc		376,951
	62,428	*	Microsemi Corp		1,239,195
	23,528	*	Mindspeed Technologies, Inc		160,226
	36,369	*	MIPS Technologies, Inc		261,129
	37,794		MKS Instruments, Inc		942,960
	22,359	*	Monolithic Power Systems, Inc		301,623
	22,426	*	MoSys, Inc		119,531
	14,576	*	Nanometrics, Inc		246,189
	49,368	*	Netlogic Microsystems, Inc		1,705,663
	3,428	*	NVE Corp		188,780
	41,892	*	Omnivision Technologies, Inc		1,224,922
	17,707	*	PDF Solutions, Inc		106,242
	17,565	*	Pericom Semiconductor Corp		143,682
	38,911	*	Photronics, Inc		291,054
	32,202	*	PLX Technology, Inc		109,809
	20,837		Power Integrations, Inc		739,505
	70,968	*	Rambus, Inc		985,036
	199,526	*	RF Micro Devices, Inc		1,346,800
	12,086	*	Rubicon Technology, Inc		177,906
	23,446	*	Rudolph Technologies, Inc		201,401
	47,733	*	Semtech Corp		1,112,179
	22,187	*	Sigma Designs, Inc		189,699
	56,260	*	Silicon Image, Inc		322,370
	36,386	*	Spansion, Inc		661,497
	16,412	*	Standard Microsystems Corp		388,308
	8,020	*	Supertex, Inc		155,428
	36,382	*	Tessera Technologies, Inc		571,561
	119,608	*	Triquint Semiconductor, Inc		899,452
	15,831	*	Ultra Clean Holdings		109,867
	18,516	*	Ultratech, Inc		487,897
	29,443	*	Veeco Instruments, Inc		1,171,537
	18,050	*	Volterra Semiconductor Corp		465,149
	37,054	*	Zoran Corp		307,548
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		32,858,525
SOFTWARE & SERVICES - 7.9%
	39,703	*	Accelrys, Inc		288,641

186

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,153	*	ACI Worldwide, Inc	$	873,372
	8,880	*	Active Network, Inc		161,172
	27,658	*	Actuate Corp		167,884
	58,685	*	Acxiom Corp		806,332
	23,860	*	Advent Software, Inc		554,268
	16,797		American Software, Inc (Class A)		143,782
	22,895	*	Ancestry.com, Inc		815,291
	60,586	*	Aspen Technology, Inc		939,083
	32,483		Blackbaud, Inc		825,068
	25,166	*	Blackboard, Inc		1,096,231
	24,229	*	Bottomline Technologies, Inc		564,293
	16,304	*	BroadSoft, Inc		476,240
	21,783	*	CACI International, Inc (Class A)		1,286,940
	21,677	*	Callidus Software, Inc		111,420
	31,133	*	Cardtronics, Inc		715,436
	6,219		Cass Information Systems, Inc		233,461
	47,498	*	Ciber, Inc		238,440
	8,325	*,m	Clinical Data, Inc		7,909
	31,914	*	Commvault Systems, Inc		1,235,710
	11,206	*	Computer Task Group, Inc		144,445
	23,034	*	comScore, Inc		502,372
	32,266	*	Concur Technologies, Inc		1,466,166
	21,297	*	Constant Contact, Inc		403,152
	76,026	*	Convergys Corp		945,763
	8,723	*	Convio, Inc		88,626
	8,229	*	Cornerstone OnDemand, Inc		134,956
	24,641	*	CSG Systems International, Inc		437,624
	29,539	*	DealerTrack Holdings, Inc		685,009
	16,038	*	Deltek, Inc		114,832
	5,610	*	Demand Media, Inc		56,885
	23,392	*	DemandTec, Inc		167,487
	35,004	*	Dice Holdings, Inc		482,705
	29,061	*	Digital River, Inc		741,056
	4,639	*	DMRC Corp		184,215
	6,447	*	Dynamics Research Corp		77,944
	78,040		Earthlink, Inc		627,442
	21,980	*	Ebix, Inc		432,786
	8,183	*	Echo Global Logistics, Inc		122,418
	6,182	*	Ellie Mae, Inc		35,547
	13,841	*	Envestnet, Inc		196,265
	23,114		EPIQ Systems, Inc		298,633
	2,969	*	ePlus, Inc		78,768
	37,006	*	Euronet Worldwide, Inc		635,023
	11,671	*	ExlService Holdings, Inc		272,401
	5,699	*	Eyeblaster, Inc		125,036
	29,162		Fair Isaac Corp		867,570
	22,450	*	FalconStor Software, Inc		96,535
	10,712		Forrester Research, Inc		338,499
	3,649	*	FriendFinder Networks, Inc		15,216
	41,415	*	Global Cash Access, Inc		116,376
	30,373	*	Glu Mobile, Inc		152,472
	10,635	*	Guidance Software, Inc		79,975

187

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,552	*	Hackett Group, Inc	$	98,552
	27,795		Heartland Payment Systems, Inc		584,807
	22,336		iGate Corp		334,817
	26,107	*	Infospace, Inc		248,800
	10,187	*	Interactive Intelligence, Inc		387,208
	37,498	*	Internap Network Services Corp		233,238
	33,236	*	j2 Global Communications, Inc		888,731
	62,686		Jack Henry & Associates, Inc		1,814,760
	30,850	*	JDA Software Group, Inc		862,566
	19,214	*	Kenexa Corp		491,302
	10,535		Keynote Systems, Inc		252,313
	25,588	*	KIT Digital, Inc		298,100
	22,868	*	Knot, Inc		213,816
	48,976	*	Limelight Networks, Inc		201,781
	43,965	*	Lionbridge Technologies		142,886
	13,588	*	Liquidity Services, Inc		328,558
	38,105	*	Liveperson, Inc		469,073
	14,324	*	LogMeIn, Inc		509,218
	12,410	*	LoopNet, Inc		227,351
	49,345	*	Magma Design Automation, Inc		367,127
	15,761	*	Manhattan Associates, Inc		587,885
	16,840		Mantech International Corp (Class A)		687,072
	14,413		Marchex, Inc (Class B)		124,961
	25,108		MAXIMUS, Inc		969,922
	69,948	*	Mentor Graphics Corp		799,506
	5,772	*	MicroStrategy, Inc (Class A)		919,884
	32,806		ModusLink Global Solutions, Inc		137,457
	60,000	*	MoneyGram International, Inc		201,600
	25,868	*	Monotype Imaging Holdings, Inc		354,392
	26,717	*	Motricity, Inc		158,699
	112,602	*	Move, Inc		230,834
	4,805	*	NCI, Inc (Class A)		103,211
	24,300	*	Ness Technologies, Inc		186,381
	27,014	*	Netscout Systems, Inc		411,964
	19,674	*	NetSuite, Inc		771,418
	46,218		NIC, Inc		590,204
	17,017	*	OpenTable, Inc		1,205,824
	62,725	*	Openwave Systems, Inc		141,131
	10,394		Opnet Technologies, Inc		356,618
	86,087	*	Parametric Technology Corp		1,789,748
	11,831		Pegasystems, Inc		477,499
	17,488	*	Perficient, Inc		175,055
	14,169	*	PRG-Schultz International, Inc		92,382
	48,813	*	Progress Software Corp		1,176,393
	15,517	*	PROS Holdings, Inc		253,237
	4,513	*	QAD, Inc (Class A)		48,740
	50,793	*	QLIK Technologies, Inc		1,539,535
	4,967	*	Quepasa Corp		41,971
	44,409	*	Quest Software, Inc		842,883
	19,876	*	QuinStreet, Inc		248,251
	29,065	*	Radiant Systems, Inc		819,342
	28,104	*	RealD, Inc		435,050

188

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	60,627	*	RealNetworks, Inc	$	204,919
	21,830	*	RealPage, Inc		525,012
	10,013		Renaissance Learning, Inc		128,667
	6,830	*	Responsys, Inc		99,513
	17,772	*	RightNow Technologies, Inc		603,182
	7,631	*	Rosetta Stone, Inc		105,308
	37,692	*	S1 Corp		354,305
	21,069	*	Saba Software, Inc		163,495
	78,976		Sapient Corp		1,099,346
	8,923	*	Sciquest, Inc		151,959
	7,209	*	ServiceSource International LLC		134,520
	25,996	*	Smith Micro Software, Inc		92,546
	41,066	*	SolarWinds, Inc		883,330
	20,438	*	Sourcefire, Inc		502,366
	6,115	*	SPS Commerce, Inc		112,333
	9,309	*	SRS Labs, Inc		82,385
	18,240	*	SS&C Technologies Holdings, Inc		337,805
	7,871		Stamps.com, Inc		131,839
	3,164	*	Stream Global Services, Inc		10,315
	56,951	*	SuccessFactors, Inc		1,537,676
	33,898	*	SupportSoft, Inc		109,152
	19,092	*	Synchronoss Technologies, Inc		558,441
	11,136		Syntel, Inc		612,146
	23,084	*	TA Indigo Holding Corp		352,724
	52,939	*	Take-Two Interactive Software, Inc		714,147
	29,340	*	Taleo Corp (Class A)		971,154
	9,819	*	TechTarget, Inc		65,100
	35,883	*	TeleCommunication Systems, Inc (Class A)		182,286
	11,903	*	TeleNav, Inc		119,387
	18,845	*	TeleTech Holdings, Inc		372,943
	48,679	*	THQ, Inc		129,730
	86,236	*	TiVo, Inc		810,618
	18,604	*	TNS, Inc		314,408
	4,009	*	Travelzoo, Inc		211,675
	23,121	*	Tyler Technologies, Inc		589,354
	18,704	*	Ultimate Software Group, Inc		1,017,124
	30,971	*	Unisys Corp		643,268
	62,012		United Online, Inc		370,212
	56,994	*	Valueclick, Inc		1,029,311
	20,574	*	Vasco Data Security International		199,156
	15,308	*	Verint Systems, Inc		520,778
	29,411		VirnetX Holding Corp		894,389
	10,911	*	Virtusa Corp		214,510
	12,608	*	Vocus, Inc		360,211
	58,010	*	Wave Systems Corp		134,583
	28,996	*	Websense, Inc		657,629
	21,000	*	Website Pros, Inc		182,490
	28,111	*	Wright Express Corp		1,383,061
	45,941	*	Zix Corp		176,413
			TOTAL SOFTWARE & SERVICES		69,656,446

189

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 5.3%
	46,750		Adtran, Inc	$	1,546,958
	14,051	*	Agilysys, Inc		134,468
	11,225	*	Anaren, Inc		224,612
	20,601		Anixter International, Inc		1,285,913
	90,514	*	Arris Group, Inc		1,086,168
	61,698	*	Aruba Networks, Inc		1,415,969
	21,115	*	Avid Technology, Inc		276,395
	14,348	*	AX Holding Corp		205,176
	7,229		Bel Fuse, Inc (Class B)		137,496
	44,260	*	Benchmark Electronics, Inc		648,409
	36,966	*	BigBand Networks, Inc		72,084
	13,047		Black Box Corp		371,709
	31,455	*	Blue Coat Systems, Inc		633,818
	36,009	*	Bookham, Inc		169,242
	50,277	*	Brightpoint, Inc		457,018
	27,019	*	Calix Networks, Inc		495,528
	28,611	*	Checkpoint Systems, Inc		449,193
	29,973		Cognex Corp		1,017,583
	18,224	*	Coherent, Inc		875,299
	4,821		Communications Systems, Inc		86,199
	19,066		Comtech Telecommunications Corp		513,829
	25,365	*	Cray, Inc		153,205
	23,770		CTS Corp		233,659
	24,150		Daktronics, Inc		239,810
	9,717		DDi Corp		79,971
	19,814	*	DG FastChannel, Inc		559,944
	18,150	*	Digi International, Inc		259,364
	40,749	*	Dot Hill Systems Corp		92,093
	12,696	*	DTS, Inc		440,805
	24,989	*	Echelon Corp		207,159
	13,579		Electro Rent Corp		219,437
	16,573	*	Electro Scientific Industries, Inc		318,367
	33,764	*	Electronics for Imaging, Inc		581,077
	12,624	*	eMagin Corp		56,177
	63,807	*	EMCORE Corp		167,174
	11,255	*	EMS Technologies, Inc		370,064
	62,899	*	Emulex Corp		531,497
	66,384	*	Extreme Networks, Inc		225,042
	14,759	*	Fabrinet		227,289
	11,692	*	FARO Technologies, Inc		476,566
	28,055	*	FEI Co		926,937
	64,806	*	Finisar Corp		1,104,294
	17,421	*	Gerber Scientific, Inc		191,979
	16,474	*	Globecomm Systems, Inc		229,977
	18,719	*	GSI Group, Inc		210,214
	82,983	*	Harmonic, Inc		450,598
	43,398	*	Harris Stratex Networks, Inc (Class A)		167,950
	39,774	*	Hypercom Corp		322,567
	21,477	*	Imation Corp		178,689
	21,045	*	Immersion Corp		192,562
	75,533	*	Infinera Corp		485,677
	33,601	*	Insight Enterprises, Inc		565,505

190

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	32,778		InterDigital, Inc	$	2,237,099
	42,951	*	Intermec, Inc		463,012
	16,120	*	Intevac, Inc		146,692
	27,898	*	Ixia		278,980
	31,932	*	Kemet Corp		389,570
	11,713	*	KVH Industries, Inc		112,093
	11,865	*	LeCroy Corp		120,667
	16,258		Littelfuse, Inc		830,621
	7,887	*	Loral Space & Communications, Inc		514,863
	20,365	*	Maxwell Technologies, Inc		343,558
	10,563	*	Measurement Specialties, Inc		344,988
	21,824	*	Mercury Computer Systems, Inc		366,425
	7,777	*	Meru Networks, Inc		66,804
	26,919		Methode Electronics, Inc		284,803
	80,388	*	Microvision, Inc		87,623
	11,200		MTS Systems Corp		441,392
	6,943	*	Multi-Fineline Electronix, Inc		141,012
	6,190	*	NeoPhotonics Corp Ltd		45,682
	26,449	*	Netgear, Inc		870,437
	26,767	*	Newport Corp		415,959
	22,837	*	Novatel Wireless, Inc		117,154
	6,872	*	Numerex Corp		49,891
	37,143	*	OCZ Technology Group, Inc		278,944
	14,925	*	Oplink Communications, Inc		251,934
	35,189	*	OpNext, Inc		66,507
	24,801	*	Orbcomm, Inc		73,659
	13,672	*	OSI Systems, Inc		564,517
	14,990		Park Electrochemical Corp		392,138
	7,451	*	PC Connection, Inc		58,267
	35,122		Plantronics, Inc		1,202,929
	27,425	*	Plexus Corp		809,312
	50,740	*	Power-One, Inc		365,835
	124,514	*	Powerwave Technologies, Inc		270,195
	8,208	*	Procera Networks, Inc		91,191
	164,722	*	Quantum Corp		433,219
	22,110	*	Rackable Systems, Inc		315,510
	17,433	*	Radisys Corp		138,418
	10,899		Richardson Electronics Ltd		161,632
	7,098		Rimage Corp		105,192
	20,541	*	Rofin-Sinar Technologies, Inc		644,577
	11,586	*	Rogers Corp		561,689
	58,499	*	Sanmina-SCI Corp		666,889
	19,510	*	Scansource, Inc		720,895
	27,886	*	SCM Microsystems, Inc		59,118
	20,021	*	Seachange International, Inc		191,401
	34,053	*	ShoreTel, Inc		290,132
	47,070	*	Smart Modular Technologies WWH, Inc		423,630
	154,275	*	Sonus Networks, Inc		456,654
	29,529	*	STEC, Inc		300,310
	14,881	*	Stratasys, Inc		379,466
	19,320	*	Super Micro Computer, Inc		272,219
	13,873		Sycamore Networks, Inc		273,298

191

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	30,539	*	Symmetricom, Inc	$	173,156
	24,545	*	Synaptics, Inc		603,070
	16,312	*	SYNNEX Corp		461,956
	30,521		Technitrol, Inc		127,578
	45,152	*	Tekelec		354,443
	38,367	*	TTM Technologies, Inc		531,383
	27,812	*	Universal Display Corp		831,857
	11,171	*	Veraz Networks, Inc		41,444
	26,230	*	Viasat, Inc		1,178,514
	2,486	*	Viasystems Group, Inc		55,786
	8,870	*	Vishay Precision Group, Inc		151,234
	38,374	*	Westell Technologies, Inc		109,366
	21,276	*	X-Rite, Inc		103,401
	21,552	*	Xyratex Ltd		205,391
	12,155	*	Zygo Corp		145,860
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		47,132,156
TELECOMMUNICATION SERVICES - 1.0%
	44,814	*	8x8, Inc		174,775
	16,366		AboveNet, Inc		996,525
	32,142		Alaska Communications Systems Group, Inc		232,387
	6,736		Atlantic Tele-Network, Inc		254,419
	4,212	*	Boingo Wireless, Inc		36,939
	19,643	*	Cbeyond Communications, Inc		220,591
	143,613	*	Cincinnati Bell, Inc		496,901
	32,647	*	Cogent Communications Group, Inc		491,990
	19,417		Consolidated Communications Holdings, Inc		349,894
	15,582	*	Fairpoint Communications, Inc		118,423
	30,595	*	General Communication, Inc (Class A)		347,253
	22,096	*	Global Crossing Ltd		760,765
	71,973	*	Globalstar, Inc		71,973
	9,679	*	HickoryTech Corp		103,372
	109,270	*	ICO Global Communications Holdings Ltd		305,956
	10,049		IDT Corp (Class B)		242,482
	19,816	*	inContact, Inc		93,532
	31,470	*	Iridium Communications, Inc		268,439
	43,869	*	Leap Wireless International, Inc		590,476
	24,875	*	Neutral Tandem, Inc		381,334
	21,642		NTELOS Holdings Corp		420,288
	92,914	*	PAETEC Holding Corp		410,680
	37,849	*	Premiere Global Services, Inc		320,203
	18,091		Shenandoah Telecom Co		286,923
	9,724	*	SureWest Communications		127,579
	68	*,b,m	Touch America Holdings, Inc		0
	24,388	*	Towerstream Corp		105,112
	16,917		USA Mobility, Inc		279,300
	99,605	*	Vonage Holdings Corp		399,416
			TOTAL TELECOMMUNICATION SERVICES		8,887,927
TRANSPORTATION - 2.1%
	39,378	*	Air Transport Services Group, Inc		196,102
	25,896	*	Alaska Air Group, Inc		1,582,764

192

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,680		Allegiant Travel Co	$	459,560
	6,213	*	Amerco, Inc		560,040
	18,430		Arkansas Best Corp		443,426
	19,065	*	Atlas Air Worldwide Holdings, Inc		998,816
	76,264	*	Avis Budget Group, Inc		1,152,349
	12,287		Baltic Trading Ltd		67,456
	14,511	*	Celadon Group, Inc		198,510
	6,018	*	Covenant Transportation Group, Inc		35,326
	21,069	*	Dollar Thrifty Automotive Group, Inc		1,517,811
	45,282	*	Eagle Bulk Shipping, Inc		106,866
	30,398	*	Excel Maritime Carriers Ltd		78,427
	21,052		Forward Air Corp		655,980
	20,675	*	Genco Shipping & Trading Ltd		129,425
	28,647	*	Genesee & Wyoming, Inc (Class A)		1,576,730
	37,243	*	Hawaiian Holdings, Inc		175,042
	36,736		Heartland Express, Inc		562,796
	26,726	*	Hub Group, Inc (Class A)		948,238
	4,307		International Shipholding Corp		88,681
	178,125	*	JetBlue Airways Corp		853,219
	44,281		Knight Transportation, Inc		696,983
	11,208		Marten Transport Ltd		230,549
	34,285	*	Old Dominion Freight Line		1,270,259
	25,845	*	Pacer International, Inc		138,012
	5,856	*	Park-Ohio Holdings Corp		111,323
	4,463	*	Patriot Transportation Holding, Inc		103,408
	10,805	*	Quality Distribution, Inc		124,258
	16,102	*	RailAmerica, Inc		239,598
	34,804	*	Republic Airways Holdings, Inc		150,701
	7,386	*	Roadrunner Transportation Services Holdings, Inc		113,966
	11,420	*	Saia, Inc		172,099
	38,200		Skywest, Inc		491,252
	10,443	*	Spirit Airlines, Inc		136,803
	57,274	*	Swift Transportation Co, Inc		649,487
	17,034	*	Ultrapetrol Bahamas Ltd		79,208
	4,016	*	Universal Truckload Services, Inc		63,854
	117,120	*	US Airways Group, Inc		730,829
	31,335		Werner Enterprises, Inc		737,939
	7,386	*	Zipcar, Inc		171,946
			TOTAL TRANSPORTATION		18,800,038
UTILITIES - 3.3%
	22,609		Allete, Inc		910,012
	13,479		American States Water Co		460,847
	4,373		Artesian Resources Corp		79,589
	49,508		Atlantic Power Corp		772,820
	40,701		Avista Corp		1,026,072
	28,487		Black Hills Corp		851,192
	8,462	*	Cadiz, Inc		91,220
	30,060		California Water Service Group		550,400
	9,691		Central Vermont Public Service Corp		340,057
	11,486		CH Energy Group, Inc		586,590
	6,891		Chesapeake Utilities Corp		266,062

193

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	44,087		Cleco Corp	$	1,530,700
	5,753		Connecticut Water Service, Inc		145,723
	10,119		Consolidated Water Co, Inc		91,273
	76,305	*	Dynegy, Inc (Class A)		436,465
	30,548	*	El Paso Electric Co		1,021,831
	30,044		Empire District Electric Co		613,198
	35,227		Idacorp, Inc		1,381,251
	16,713		Laclede Group, Inc		622,559
	16,980		MGE Energy, Inc		697,538
	10,708		Middlesex Water Co		195,849
	29,903		New Jersey Resources Corp		1,304,070
	32,915		Nicor, Inc		1,800,450
	19,346		Northwest Natural Gas Co		863,025
	26,205		NorthWestern Corp		839,084
	12,985		Ormat Technologies, Inc		270,867
	26,111		Otter Tail Corp		542,587
	3,386		Pennichuck Corp		96,670
	53,150		Piedmont Natural Gas Co, Inc		1,550,385
	62,640		PNM Resources, Inc		940,853
	54,428		Portland General Electric Co		1,348,726
	10,188		SJW Corp		239,622
	21,924		South Jersey Industries, Inc		1,107,162
	33,040		Southwest Gas Corp		1,232,062
	36,667		UIL Holdings Corp		1,170,777
	26,196		Unisource Energy Corp		964,537
	7,908		Unitil Corp		202,049
	37,192		WGL Holdings, Inc		1,443,422
	9,533		York Water Co		162,442
			TOTAL UTILITIES		28,750,038
			TOTAL COMMON STOCKS		874,089,891
			(Cost $793,030,390)
RIGHTS / WARRANTS - 0.0%
CAPITAL GOODS - 0.0%
	4	m	GreenHunter Energy, Inc		0
			TOTAL CAPITAL GOODS		0
			TOTAL RIGHTS / WARRANTS		0
			(Cost $0)
			TOTAL INVESTMENTS - 99.5%		874,089,891
			(Cost $793,030,390)
			OTHER ASSETS & LIABILITIES, NET - 0.5%		4,246,602
			NET ASSETS - 100.0%	$	878,336,493
			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 or other requirements on open futures contracts.
		m	Indicates a security that has been deemed illiquid.

194

TIAA-CREF FUNDS - International Equity Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
ARGENTINA - 0.1%
	102,919		Tenaris S.A.	$	2,256,052
			TOTAL ARGENTINA		2,256,052
AUSTRALIA - 8.4%
	100,637		AGL Energy Ltd		1,567,544
	535,770		Alumina Ltd		1,275,384
	272,463		Amcor Ltd		2,103,059
	629,676		AMP Ltd		3,149,301
	650,876		Asciano Group		1,190,428
	575,392	*	Australia & New Zealand Banking Group Ltd		13,151,856
	37,695		Australian Stock Exchange Ltd		1,236,384
	81,090		Bendigo Bank Ltd		786,817
	710,966		BHP Billiton Ltd		32,509,307
	447,952		BlueScope Steel Ltd		559,073
	163,800		Boral Ltd		749,903
	316,952		Brambles Ltd		2,406,411
	30,872		Caltex Australia Ltd		361,044
	490,461		CFS Gandel Retail Trust		931,704
	126,514		Coca-Cola Amatil Ltd		1,571,446
	12,564		Cochlear Ltd		977,636
	343,122		Commonwealth Bank of Australia		18,554,396
	100,795		Computershare Ltd		906,710
	94,481		Crown Ltd		924,481
	120,698		CSL Ltd		4,068,919
	1,087,643		DB RREEF Trust		1,033,070
	164,445	*	Echo Entertainment Group Ltd		724,444
	265,270		Fortescue Metals Group Ltd		1,837,708
	420,908		Foster’s Group Ltd		2,335,169
	400,366		GPT Group (ASE)		1,323,910
	131,891		Harvey Norman Holdings Ltd		315,573
	92,453		Iluka Resources Ltd		1,802,332
	372,885		Incitec Pivot Ltd		1,615,331
	447,337		Insurance Australia Group Ltd		1,608,676
	92,696	*	James Hardie Industries NV		582,103
	462,476		John Fairfax Holdings Ltd		446,708
	32,332		Leighton Holdings Ltd		751,058
	121,573		Lend Lease Corp Ltd		1,182,408
	396,700	*	Lynas Corp Ltd		930,442
	40,675		MacArthur Coal Ltd		695,414
	90,460		Macquarie Airports		323,702
	1,419,735		Macquarie Goodman Group		1,059,447
	74,733	*	Macquarie Group Ltd		2,263,709
	169,029		Metcash Ltd		771,863
	758,258		Mirvac Group		956,546

195

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	480,893		National Australia Bank Ltd	$	12,661,520
	169,811		Newcrest Mining Ltd		7,404,967
	281,732		OneSteel Ltd		545,309
	80,049		Orica Ltd		2,255,817
	233,957		Origin Energy Ltd		3,770,004
	72,254		Oxiana Ltd		1,078,900
	146,805	*	Paladin Resources Ltd		421,776
	233,286	*	Qantas Airways Ltd		472,807
	234,620		QBE Insurance Group Ltd		4,222,370
	375,745	*	QR National Ltd		1,385,332
	31,269		Ramsay Health Care Ltd		599,760
	95,729		Rio Tinto Ltd		8,387,050
	191,439		Santos Ltd		2,708,545
	35,232		Sims Group Ltd		650,325
	79,537		Sonic Healthcare Ltd		1,062,107
	232,861		SP AusNet		235,066
	521,959		Stockland Trust Group		1,748,049
	279,873		Suncorp-Metway Ltd		2,277,345
	142,278		Tabcorp Holdings Ltd		502,536
	289,907		Tattersall’s Ltd		739,147
	950,737		Telstra Corp Ltd		3,118,669
	148,568		Toll Holdings Ltd		738,035
	285,065		Transurban Group		1,595,958
	220,849		Wesfarmers Ltd		7,102,719
	34,659		Wesfarmers Ltd PPS		1,129,735
	482,751		Westfield Group		4,217,778
	633,893		Westfield Retail Trust		1,696,963
	666,664		Westpac Banking Corp		14,926,615
	137,198		Woodside Petroleum Ltd		5,781,120
	269,162		Woolworths Ltd		7,963,259
	43,579		WorleyParsons Ltd		1,316,790
			TOTAL AUSTRALIA		214,257,789
AUSTRIA - 0.3%
	40,745		Erste Bank der Oesterreichischen Sparkassen AG.		1,948,032
	216,650	*	IMMOFINANZ Immobilien Anlagen AG		835,463
	13,501		Oest Elektrizitatswirts AG. (Class A)		552,306
	36,095		OMV AG.		1,438,827
	11,528		Raiffeisen International Bank Holding AG.		576,373
	69,956		Telekom Austria AG.		857,534
	25,410		Voestalpine AG.		1,315,437
	8,707		Wiener Staedtische Allgemeine Versicherung AG.		462,833
			TOTAL AUSTRIA		7,986,805
BELGIUM - 0.9%
	8,678		Bekaert S.A.		525,618
	32,149		Belgacom S.A.		1,121,416
	17,553		Colruyt S.A.		855,022
	22,664		Delhaize Group		1,632,202
	142,710	*	Dexia		376,987
	493,491		Fortis		1,011,747
	17,389		Groupe Bruxelles Lambert S.A.		1,466,399

196

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	177,995		InBev NV	$	10,244,420
	35,716		KBC Groep NV		1,260,244
	6,488		Mobistar S.A.		452,215
	12,846		Solvay S.A.		1,934,304
	21,100		UCB S.A.		970,450
	24,430		Umicore		1,244,533
			TOTAL BELGIUM		23,095,557
CHINA - 0.1%
	805,500		BOC Hong Kong Holdings Ltd		2,404,392
			TOTAL CHINA		2,404,392
CYPRUS - 0.0%
	185,065		Bank of Cyprus Public Co Ltd		404,108
			TOTAL CYPRUS		404,108
DENMARK - 1.0%
	125		AP Moller - Maersk AS (Class A)		925,564
	286		AP Moller - Maersk AS (Class B)		2,191,337
	23,285		Carlsberg AS (Class B)		2,287,247
	5,059		Coloplast AS (Class B)		777,776
	145,426	*	Danske Bank AS		2,813,469
	45,563		DSV AS		1,010,166
	92,811		Novo Nordisk AS (Class B)		11,352,718
	10,568		Novozymes AS (B Shares)		1,723,442
	12,891		Pandora AS		369,462
	83,707	*	TDC AS		778,651
	5,020		TrygVesta AS		274,020
	45,126	*	Vestas Wind Systems AS		994,862
	5,677	*	William Demant Holding		497,483
			TOTAL DENMARK		25,996,197
FINLAND - 0.9%
	34,028		Elisa Oyj (Series A)		731,307
	96,101		Fortum Oyj		2,543,056
	14,391		Kesko Oyj (B Shares)		558,425
	34,859		Kone Oyj (Class B)		2,020,899
	28,226		Metso Oyj		1,379,747
	28,479		Neste Oil Oyj		371,967
	823,120		Nokia Oyj		4,786,517
	24,704		Nokian Renkaat Oyj		1,155,523
	32,081		OKO Bank (Class A)		390,340
	21,453		Orion Oyj (Class B)		518,417
	29,777		Outokumpu Oyj		317,660
	16,042		Rautaruukki Oyj		327,226
	91,626		Sampo Oyj (A Shares)		2,790,819
	19,804		Sanoma-WSOY Oyj		346,707
	127,961		Stora Enso Oyj (R Shares)		1,101,240
	112,812		UPM-Kymmene Oyj		1,757,993
	37,515		Wartsila Oyj (B Shares)		1,079,693
			TOTAL FINLAND		22,177,536

197

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
FRANCE - 9.1%
	31,735		Accor S.A.	$	1,396,688
	7,945		Aeroports de Paris		722,208
	34,704	*	Air France-KLM		417,594
	63,046		Air Liquide		8,660,187
	521,613	*	Alcatel S.A.		2,079,145
	44,926		Alstom RGPT		2,364,993
	12,123		Arkema		1,182,705
	10,066		Atos Origin S.A.		554,384
	384,208		AXA S.A.		7,188,138
	212,515		BNP Paribas		13,782,408
	50,882		Bouygues S.A.		1,923,275
	12,376		Bureau Veritas S.A.		1,009,360
	32,293		Cap Gemini S.A.		1,589,165
	130,198		Carrefour S.A.		3,841,545
	11,506		Casino Guichard Perrachon S.A.		1,048,968
	12,394		Christian Dior S.A.		1,980,859
	33,818		CNP Assurances		650,916
	88,490		Compagnie de Saint-Gobain		5,113,540
	30,947	*	Compagnie Generale de Geophysique S.A.		1,039,261
	43,833		Compagnie Generale d’Optique Essilor International S.A.		3,512,719
	213,699		Credit Agricole S.A.		2,623,376
	13,401		Dassault Systemes S.A.		1,182,463
	35,572		Edenred		1,024,290
	9,219		Eiffage S.A.		504,198
	56,697		Electricite de France		2,153,598
	1,277		Eramet		355,339
	6,735		Eurazeo		457,601
	20,982		Eutelsat Communications		903,914
	5,883		Fonciere Des Regions		573,658
	411,430		France Telecom S.A.		8,513,427
	274,543		Gaz de France		8,977,806
	5,032		Gecina S.A.		698,354
	129,393		Groupe Danone		9,225,032
	112,326		Groupe Eurotunnel S.A.		1,197,293
	4,735		Icade		545,261
	3,848		Iliad S.A.		493,421
	8,480		Imerys S.A.		582,257
	15,185	*	JC Decaux S.A.		419,585
	23,713		Klepierre		886,635
	43,483		Lafarge S.A.		2,325,450
	24,668		Lagardere S.C.A.		958,157
	43,518		Legrand S.A.		1,693,807
	52,842		L’Oreal S.A.		6,357,695
	56,296		LVMH Moet Hennessy Louis Vuitton S.A.		10,318,658
	12,399		M6-Metropole Television		282,966
	39,542		Michelin (C.G.D.E.) (Class B)		3,320,618
	207,678		Natixis		942,104
	6,739		Neopost S.A.		538,508
	43,662		Pernod-Ricard S.A.		4,325,450
	33,319		Peugeot S.A.		1,263,036

198

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	16,451		PPR	$	3,040,295
	27,308		Publicis Groupe S.A.		1,388,710
	41,877		Renault S.A.		2,234,347
	37,312		Safran S.A.		1,551,003
	246,841		Sanofi-Aventis		19,179,669
	54,070		Schneider Electric S.A.		7,813,898
	37,054		SCOR		953,649
	6,012		Societe BIC S.A.		567,743
	140,842		Societe Generale		6,971,620
	26,982		Societe Television Francaise 1		514,505
	20,375		Sodexho Alliance S.A.		1,556,984
	56,031		Suez Environnement S.A.		1,038,662
	21,434		Technip S.A.		2,346,933
	22,652		Thales S.A.		968,192
	468,260		Total S.A.		25,308,674
	20,274		Unibail		4,513,507
	24,995		Vallourec		2,532,842
	76,164		Veolia Environnement		1,714,639
	96,646		Vinci S.A.		5,600,798
	273,139		Vivendi Universal S.A.		6,531,830
	7,274		Wendel		835,753
			TOTAL FRANCE		230,866,268
GERMANY - 8.6%
	46,302		Adidas-Salomon AG.		3,437,049
	100,348		Allianz AG.		13,076,842
	8,907		Axel Springer AG.		394,054
	203,451		BASF AG.		18,373,897
	182,647		Bayer AG.		14,611,795
	73,187		Bayerische Motoren Werke AG.		7,316,634
	11,193		Bayerische Motoren Werke AG. (Preference)		705,395
	22,523		Beiersdorf AG.		1,450,987
	7,588		Brenntag AG.		773,518
	17,553		Celesio AG.		337,348
	798,158	*	Commerzbank AG.		3,033,904
	17,946	*	Continental AG.		1,787,464
	200,656		DaimlerChrysler AG. (EUR)		14,546,661
	206,084		Deutsche Bank AG.		11,331,037
	41,972		Deutsche Boerse AG.		3,103,590
	48,056		Deutsche Lufthansa AG.		967,463
	182,670		Deutsche Post AG.		3,225,154
	622,430		Deutsche Telekom AG.		9,702,272
	399,328		E.ON AG.		11,010,720
	7,892		Fraport AG. Frankfurt Airport Services Worldwide		632,331
	43,799		Fresenius Medical Care AG.		3,361,437
	25,402		Fresenius SE		2,717,723
	39,358		GEA Group AG.		1,368,300
	13,750		Hannover Rueckversicherung AG.		713,571
	31,240		HeidelbergCement AG.		1,718,115
	28,599		Henkel KGaA		1,560,382
	38,808		Henkel KGaA (Preference)		2,616,335
	10,055		Hochtief AG.		807,137

199

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	236,908		Infineon Technologies AG.	$	2,377,152
	37,887		K+S AG.		3,022,892
	15,472	*	Kabel Deutschland Holding AG.		870,873
	18,059		Lanxess AG.		1,449,531
	37,548		Linde AG.		6,728,919
	22,878		MAN SE		3,045,061
	14,448		Merck KGaA		1,541,975
	28,687		Metro AG.		1,583,517
	41,637		Muenchener Rueckver AG.		6,144,393
	33,994		Porsche AG.		2,612,302
	18,119		ProSiebenSat.1 Media AG.		467,441
	93,117		RWE AG.		4,881,629
	8,379		RWE AG. (Preference)		402,617
	8,860		Salzgitter AG.		645,359
	203,965		SAP AG.		12,752,327
	181,599		Siemens AG.		23,209,469
	15,650		Suedzucker AG.		551,808
	71,848		ThyssenKrupp AG.		3,176,574
	33,665	*	TUI AG.		311,143
	27,984		United Internet AG.		569,004
	6,796		Volkswagen AG.		1,242,005
	32,154		Volkswagen AG. (Preference)		6,418,459
	3,587		Wacker Chemie AG.		678,311
			TOTAL GERMANY		219,363,876
GREECE - 0.2%
	118,629	*	Alpha Bank S.A.		520,033
	42,261		Coca Cola Hellenic Bottling Co S.A.		1,096,083
	78,433	*	EFG Eurobank Ergasias S.A.		304,854
	53,599		Hellenic Telecommunications Organization S.A.		448,536
	214,492	*	National Bank of Greece S.A.		1,442,378
	48,879		OPAP S.A.		810,832
	27,318		Public Power Corp		336,253
			TOTAL GREECE		4,958,969
HONG KONG - 2.6%
	1,728,800	*	AIA Group Ltd		6,349,871
	41,200		ASM Pacific Technology		451,888
	328,126		Bank of East Asia Ltd		1,266,430
	268,000		Cathay Pacific Airways Ltd		621,531
	304,000		Cheung Kong Holdings Ltd		4,635,037
	104,000		Cheung Kong Infrastructure Holdings Ltd		599,249
	427,000		CLP Holdings Ltd		3,948,932
	265,832		Esprit Holdings Ltd		773,921
	277,000	*	Galaxy Entertainment Group Ltd		716,216
	177,000		Hang Lung Group Ltd		1,064,832
	537,000		Hang Lung Properties Ltd		1,980,674
	172,300		Hang Seng Bank Ltd		2,704,286
	231,408		Henderson Land Development Co Ltd		1,464,917
	1,038,533		Hong Kong & China Gas Ltd		2,540,257
	307,500		Hong Kong Electric Holdings Ltd		2,544,828
	225,400		Hong Kong Exchanges and Clearing Ltd		4,649,869

200

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	136,540		Hopewell Holdings	$	441,913
	1,160,300	*	Hutchison Port Holdings Trust		881,828
	474,000		Hutchison Whampoa Ltd		5,521,615
	136,699		Hysan Development Co Ltd		640,623
	148,623		Kerry Properties Ltd		718,899
	1,282,600		Li & Fung Ltd		2,132,703
	122,000		Lifestyle International Holdings Ltd		398,432
	499,105		Link Real Estate Investment Trust		1,743,962
	311,643		MTR Corp		1,057,129
	590,959		New World Development Ltd		869,197
	825,890		Noble Group Ltd		1,280,695
	243,133		NWS Holdings Ltd		352,547
	49,300		Orient Overseas International Ltd		279,823
	751,000		PCCW Ltd		327,402
	336,192		Shangri-La Asia Ltd		865,859
	571,034		Sino Land Co		967,319
	365,000		SJM Holdings Ltd		917,900
	308,000		Sun Hung Kai Properties Ltd		4,681,283
	166,500		Swire Pacific Ltd (Class A)		2,342,185
	353,762		Wharf Holdings Ltd		2,598,442
	191,000		Wheelock & Co Ltd		820,185
	39,995		Wing Hang Bank Ltd		429,194
	162,000		Yue Yuen Industrial Holdings		519,528
			TOTAL HONG KONG		67,101,401
INDIA - 0.0%
	27,519		Vedanta Resources plc		795,620
			TOTAL INDIA		795,620
IRELAND - 0.4%
	67,097	*,m	Anglo Irish Bank Corp plc		0
	156,291		CRH plc		3,065,984
	115,081	*	Elan Corp plc		1,286,098
	30,143		Kerry Group plc (Class A)		1,245,017
	41,178		Ryanair Holdings plc		189,401
	7,728		Ryanair Holdings plc (ADR)		210,124
	124,134		Shire Ltd		4,308,528
			TOTAL IRELAND		10,305,152
ISRAEL - 0.7%
	233,877		Bank Hapoalim Ltd		1,156,415
	242,884		Bank Leumi Le-Israel		1,127,412
	392,847		Bezeq Israeli Telecommunication Corp Ltd		951,630
	9,768		Cellcom Israel Ltd		254,124
	1,124		Delek Group Ltd		250,527
	4,808		Elbit Systems Ltd		227,433
	99,794		Israel Chemicals Ltd		1,677,890
	519		Israel Corp Ltd		562,974
	152,452	*	Israel Discount Bank Ltd		294,446
	58,941	*	Makhteshim-Agan Industries Ltd		325,388
	29,881		Mizrahi Tefahot Bank Ltd		313,973
	15,173	*	Nice Systems Ltd		540,751

201

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	16,698		Partner Communications	$	239,538
	208,147		Teva Pharmaceutical Industries Ltd		9,709,319
			TOTAL ISRAEL		17,631,820
ITALY - 2.4%
	250,548		A2A S.p.A.		359,094
	253,736		Assicurazioni Generali S.p.A.		4,815,896
	24,708		Autogrill S.p.A.		325,190
	67,185		Autostrade S.p.A.		1,243,959
	146,164		Banca Carige S.p.A.		302,663
	2,215,605		Banca Intesa S.p.A.		5,110,944
	220,489		Banca Intesa S.p.A. RSP		418,229
	754,112		Banca Monte dei Paschi di Siena S.p.A.		565,181
	180,203		Banche Popolari Unite Scpa		864,852
	403,031		Banco Popolare Scarl		772,119
	382,992		Enel Green Power S.p.A		956,501
	1,445,353		Enel S.p.A.		8,324,280
	529,147		ENI S.p.A.		11,498,911
	14,670		Exor S.p.A.		440,775
	168,151	*	FIAT Industrial S.p.A.		2,219,538
	172,358		Fiat S.p.A.		1,702,970
	85,276		Finmeccanica S.p.A.		654,332
	24,777		Luxottica Group S.p.A.		785,528
	146,488		Mediaset S.p.A.		627,635
	115,692		Mediobanca S.p.A.		1,063,283
	298,564		Parmalat S.p.A.		777,789
	57,563		Pirelli & C S.p.A.		596,848
	45,733		Prysmian S.p.A.		846,464
	59,158		Saipem S.p.A.		3,082,751
	359,963		Snam Rete Gas S.p.A.		2,078,123
	1,340,549		Telecom Italia RSP		1,441,615
	2,103,092		Telecom Italia S.p.A.		2,646,293
	279,118		Terna Rete Elettrica Nazionale S.p.A.		1,265,647
	2,955,589		UniCredito Italiano S.p.A.		5,272,383
			TOTAL ITALY		61,059,793
JAPAN - 20.7%
	7,700		ABC-Mart, Inc		297,337
	35,100		Advantest Corp		621,962
	127,600		Aeon Co Ltd		1,606,948
	15,000		Aeon Credit Service Co Ltd		210,636
	18,000		Aeon Mall Co Ltd		462,811
	28,000		Air Water, Inc		339,614
	41,400		Aisin Seiki Co Ltd		1,588,650
	143,000		Ajinomoto Co, Inc		1,772,616
	8,000		Alfresa Holdings Corp		326,961
	192,000		All Nippon Airways Co Ltd		650,476
	76,000		Amada Co Ltd		589,128
	138,000		Aozora Bank Ltd		336,581
	83,000		Asahi Breweries Ltd		1,756,306
	218,000		Asahi Glass Co Ltd		2,518,695
	269,000		Asahi Kasei Corp		1,902,959

202

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	35,000		Asics Corp	$	530,709
	98,100		Astellas Pharma, Inc		3,811,182
	68,000		Bank of Kyoto Ltd		620,665
	271,000		Bank of Yokohama Ltd		1,327,300
	15,900		Benesse Corp		687,431
	141,000		Bridgestone Corp		3,507,461
	50,100		Brother Industries Ltd		781,547
	251,300		Canon, Inc		12,115,538
	55,300		Casio Computer Co Ltd		391,315
	329		Central Japan Railway Co		2,835,000
	159,000		Chiba Bank Ltd		1,007,636
	38,000		Chiyoda Corp		485,385
	153,300		Chubu Electric Power Co, Inc		2,632,732
	46,258		Chugai Pharmaceutical Co Ltd		821,440
	41,000		Chugoku Bank Ltd		521,510
	64,800		Chugoku Electric Power Co, Inc		1,046,394
	53,300		Citizen Watch Co Ltd		320,026
	11,300		Coca-Cola West Japan Co Ltd		226,049
	117,000		Cosmo Oil Co Ltd		353,130
	32,300		Credit Saison Co Ltd		547,837
	120,000		Dai Nippon Printing Co Ltd		1,362,603
	68,000		Daicel Chemical Industries Ltd		486,504
	78,000		Daido Steel Co Ltd		552,986
	41,000	*	Daihatsu Motor Co Ltd		718,136
	2,007		Dai-ichi Mutual Life Insurance Co		2,840,703
	145,400		Daiichi Sankyo Co Ltd		3,004,671
	50,000		Daikin Industries Ltd		1,773,731
	31,400		Dainippon Sumitomo Pharma Co Ltd		319,166
	15,800		Daito Trust Construction Co Ltd		1,520,862
	106,000		Daiwa House Industry Co Ltd		1,428,489
	370,000	*	Daiwa Securities Group, Inc		1,609,336
	21,600		Dena Co Ltd		1,075,504
	107,000		Denki Kagaku Kogyo KK		516,251
	107,500		Denso Corp		3,820,107
	39,800		Dentsu, Inc		1,238,058
	74,600		East Japan Railway Co		4,694,910
	56,100		Eisai Co Ltd		2,276,961
	25,900		Electric Power Development Co		684,840
	45,200	*	Elpida Memory, Inc		417,241
	14,500		FamilyMart Co Ltd		547,857
	42,100	*	Fanuc Ltd		7,964,142
	11,800		Fast Retailing Co Ltd		2,088,477
	138,000	*	Fuji Electric Holdings Co Ltd		449,274
	101,100		Fuji Folms Holdings Corp		3,053,226
	130,000		Fuji Heavy Industries Ltd		1,040,819
	408,000		Fujitsu Ltd		2,401,149
	164,000		Fukuoka Financial Group, Inc		697,330
	155,000		Furukawa Electric Co Ltd		665,946
	25,600	*	Gree, Inc		586,210
	87,000		GS Yuasa Corp		603,450
	90,000		Gunma Bank Ltd		478,393
	87,000		Hachijuni Bank Ltd		482,749

203

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	4,970		Hakuhodo DY Holdings, Inc	$	274,593
	15,500		Hamamatsu Photonics KK		697,479
	64,000		Hino Motors Ltd		397,083
	6,600		Hirose Electric Co Ltd		661,196
	117,000		Hiroshima Bank Ltd		514,620
	14,000		Hisamitsu Pharmaceutical Co, Inc		610,213
	24,400		Hitachi Chemical Co Ltd		483,416
	25,600		Hitachi Construction Machinery Co Ltd		577,442
	14,200		Hitachi High-Technologies Corp		307,573
	1,000,000		Hitachi Ltd		6,166,455
	35,000		Hitachi Metals Ltd		494,248
	38,400		Hokkaido Electric Power Co, Inc		588,342
	275,000		Hokuhoku Financial Group, Inc		574,119
	37,200		Hokuriku Electric Power Co		666,958
	358,900		Honda Motor Co Ltd		14,239,691
	95,500	*	Hoya Corp		2,317,662
	27,600	*	Ibiden Co Ltd		835,270
	4,900		Idemitsu Kosan Co Ltd		568,981
	484		Inpex Holdings, Inc		3,757,053
	79,280	*	Isetan Mitsukoshi Holdings Ltd		839,878
	303,000		Ishikawajima-Harima Heavy Industries Co Ltd		816,429
	275,000		Isuzu Motors Ltd		1,363,865
	335,400		Itochu Corp		3,869,659
	6,300		Itochu Techno-Science Corp		249,126
	54,000		Iyo Bank Ltd		508,476
	104,400		J Front Retailing Co Ltd		495,436
	7,500		Japan Petroleum Exploration Co		382,086
	150		Japan Prime Realty Investment Corp		386,766
	111		Japan Real Estate Investment Corp		1,112,113
	336	*	Japan Retail Fund Investment Corp		523,903
	79,000		Japan Steel Works Ltd		553,632
	992		Japan Tobacco, Inc		4,495,605
	102,300		JFE Holdings, Inc		2,783,224
	44,000		JGC Corp		1,374,162
	141,000		Joyo Bank Ltd		592,730
	58,800		JS Group Corp		1,470,829
	37,200		JSR Corp		759,729
	51,100		JTEKT Corp		749,108
	541		Jupiter Telecommunications Co		630,115
	495,600		JX Holdings, Inc		3,583,229
	171,000		Kajima Corp		531,359
	56,000		Kamigumi Co Ltd		557,474
	57,000		Kaneka Corp		364,707
	165,800		Kansai Electric Power Co, Inc		2,792,988
	53,000		Kansai Paint Co Ltd		489,443
	119,900		Kao Corp		3,390,676
	299,000		Kawasaki Heavy Industries Ltd		1,093,941
	174,000		Kawasaki Kisen Kaisha Ltd		569,429
	639		KDDI Corp		4,748,276
	103,000		Keihin Electric Express Railway Co Ltd		802,543
	120,000		Keio Corp		725,632
	66,000		Keisei Electric Railway Co Ltd		424,126

204

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	9,100		Keyence Corp	$	2,572,879
	32,000		Kikkoman Corp		353,795
	26,000		Kinden Corp		219,930
	356,000		Kintetsu Corp		1,201,289
	182,000		Kirin Brewery Co Ltd		2,680,226
	531,000		Kobe Steel Ltd		1,172,951
	20,000	*	Koito Manufacturing Co Ltd		343,814
	208,500		Komatsu Ltd		6,509,030
	18,000		Konami Corp		472,462
	100,500		Konica Minolta Holdings, Inc		813,103
	254,000		Kubota Corp		2,305,325
	76,200		Kuraray Co Ltd		1,150,389
	23,800		Kurita Water Industries Ltd		691,182
	34,300		Kyocera Corp		3,662,756
	58,000		Kyowa Hakko Kogyo Co Ltd		618,568
	88,900		Kyushu Electric Power Co, Inc		1,400,397
	13,800		Lawson, Inc		746,576
	6,300		Mabuchi Motor Co Ltd		325,721
	25,300	*	Makita Corp		1,190,247
	358,000		Marubeni Corp		2,686,276
	54,700		Marui Co Ltd		447,941
	10,900		Maruichi Steel Tube Ltd		276,188
	490,400		Matsushita Electric Industrial Co Ltd		5,831,128
	353,000		Mazda Motor Corp		970,016
	16,600		McDonald’s Holdings Co Japan Ltd		434,096
	31,100		Mediceo Paltac Holdings Co Ltd		293,561
	16,100		MEIJI Holdings Co Ltd		706,193
	159,500		Millea Holdings, Inc		4,703,501
	80,000		Minebea Co Ltd		406,720
	13,400		Miraca Holdings, Inc		563,200
	299,000		Mitsubishi Chemical Holdings Corp		2,330,638
	301,300		Mitsubishi Corp		8,058,612
	430,000		Mitsubishi Electric Corp		5,077,456
	275,000		Mitsubishi Estate Co Ltd		4,931,372
	83,000		Mitsubishi Gas Chemical Co, Inc		646,907
	663,000		Mitsubishi Heavy Industries Ltd		3,090,101
	23,000		Mitsubishi Logistics Corp		264,382
	263,000		Mitsubishi Materials Corp		895,816
	848,000	*	Mitsubishi Motors Corp		1,107,435
	2,822,280		Mitsubishi UFJ Financial Group, Inc		14,331,178
	12,680		Mitsubishi UFJ Lease & Finance Co Ltd		548,022
	381,700		Mitsui & Co Ltd		7,186,216
	185,000		Mitsui Chemicals, Inc		702,572
	174,000		Mitsui Engineering & Shipbuilding Co Ltd		368,898
	185,000		Mitsui Fudosan Co Ltd		3,534,661
	245,000		Mitsui OSK Lines Ltd		1,282,919
	127,100		Mitsui Sumitomo Insurance Group Holdings, Inc		3,176,407
	681,000		Mitsui Trust Holdings, Inc		2,508,612
	4,502,507		Mizuho Financial Group, Inc		7,365,342
	293,000		Mizuho Trust & Banking Co Ltd		258,008
	44,900		Murata Manufacturing Co Ltd		2,908,035
	23,200		Nabtesco Corp		589,337

205

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	46,300		Namco Bandai Holdings, Inc	$	585,842
	597,000	*	NEC Corp		1,365,371
	53,000		NGK Insulators Ltd		970,718
	36,088		NGK Spark Plug Co Ltd		509,421
	40,000		NHK Spring Co Ltd		425,913
	24,000		Nidec Corp		2,387,883
	75,100		Nikon Corp		1,762,477
	22,100		Nintendo Co Ltd		3,504,760
	117		Nippon Building Fund, Inc		1,197,607
	88,000		Nippon Electric Glass Co Ltd		1,107,280
	183,000		Nippon Express Co Ltd		807,107
	40,000		Nippon Meat Packers, Inc		556,526
	21,800	*	Nippon Paper Group, Inc		486,950
	212,000		Nippon Sheet Glass Co Ltd		676,163
	1,126,000		Nippon Steel Corp		3,792,513
	106,300		Nippon Telegraph & Telephone Corp		5,257,107
	319,000		Nippon Yusen Kabushiki Kaisha		1,167,996
	155,000		Nishi-Nippon City Bank Ltd		476,607
	549,700		Nissan Motor Co Ltd		5,849,619
	36,500		Nisshin Seifun Group, Inc		466,296
	160,000		Nisshin Steel Co Ltd		332,391
	14,600		Nissin Food Products Co Ltd		557,419
	8,150		Nitori Co Ltd		792,961
	37,000		Nitto Denko Corp		1,782,978
	335,000		NKSJ Holdings, Inc		2,210,444
	20,900	*	NOK Corp		387,107
	778,800	*	Nomura Holdings, Inc		3,780,852
	24,400		Nomura Real Estate Holdings, Inc		446,666
	60		Nomura Real Estate Office Fund, Inc		393,563
	23,400		Nomura Research Institute Ltd		557,636
	95,000		NSK Ltd		922,318
	106,000		NTN Corp		640,090
	286		NTT Data Corp		992,237
	3,404		NTT DoCoMo, Inc		6,298,766
	268		NTT Urban Development Corp		245,475
	146,000		Obayashi Corp		675,525
	139,000		Odakyu Electric Railway Co Ltd		1,199,619
	187,000		OJI Paper Co Ltd		934,884
	47,600		Olympus Corp		1,692,720
	44,500		Omron Corp		1,252,560
	19,600		Ono Pharmaceutical Co Ltd		1,095,437
	7,300		Oracle Corp Japan		244,593
	11,300		Oriental Land Co Ltd		1,059,184
	22,460	*	ORIX Corp		2,422,816
	433,000		Osaka Gas Co Ltd		1,714,426
	3,300		Otsuka Corp		219,138
	55,800		Otsuka Holdings KK		1,536,064
	1,651	*	Rakuten, Inc		1,684,015
	425,700		Resona Holdings, Inc		2,109,588
	150,000		Ricoh Co Ltd		1,613,597
	8,100		Rinnai Corp		627,225
	20,900		Rohm Co Ltd		1,217,926

206

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	11,600		Sankyo Co Ltd	$	619,494
	17,500		Santen Pharmaceutical Co Ltd		704,464
	5,153	*	SBI Holdings, Inc		505,511
	45,000		Secom Co Ltd		2,244,843
	48,000		Sega Sammy Holdings, Inc		1,031,758
	30,900		Seiko Epson Corp		524,388
	90,000		Sekisui Chemical Co Ltd		831,539
	126,000		Sekisui House Ltd		1,206,020
	164,900		Seven & I Holdings Co Ltd		4,702,074
	158		Seven Bank Ltd		325,037
	219,000	*	Sharp Corp		2,017,427
	39,600		Shikoku Electric Power Co, Inc		865,717
	58,000		Shimadzu Corp		538,130
	4,500		Shimamura Co Ltd		454,387
	17,100		Shimano, Inc		900,081
	127,000		Shimizu Corp		562,907
	90,400		Shin-Etsu Chemical Co Ltd		4,876,324
	143,022	*	Shinko Securities Co Ltd		347,456
	297,000		Shinsei Bank Ltd		377,073
	67,400		Shionogi & Co Ltd		1,163,168
	79,400		Shiseido Co Ltd		1,521,427
	134,000		Shizuoka Bank Ltd		1,260,321
	345,000		Showa Denko KK		718,360
	36,000		Showa Shell Sekiyu KK		346,601
	11,500		SMC Corp		2,114,953
	191,700		Softbank Corp		7,485,953
	270,200		Sojitz Holdings Corp		534,446
	223,100	*	Sony Corp		5,595,872
	36,000		Sony Financial Holdings, Inc		648,116
	16,300		Square Enix Co Ltd		316,979
	28,600		Stanley Electric Co Ltd		486,595
	29,700	*	Sumco Corp		470,263
	334,009		Sumitomo Chemical Co Ltd		1,692,678
	250,800		Sumitomo Corp		3,534,573
	165,900		Sumitomo Electric Industries Ltd		2,476,619
	121,000		Sumitomo Heavy Industries Ltd		850,319
	758,000		Sumitomo Metal Industries Ltd		1,817,110
	117,000		Sumitomo Metal Mining Co Ltd		2,071,772
	298,000		Sumitomo Mitsui Financial Group, Inc		9,374,764
	77,000		Sumitomo Realty & Development Co Ltd		1,900,948
	39,900		Sumitomo Rubber Industries, Inc		517,951
	40,000		Suruga Bank Ltd		347,205
	16,700		Suzuken Co Ltd		419,144
	74,500		Suzuki Motor Corp		1,725,495
	15,200		Sysmex Corp		581,213
	63,900		T&D Holdings, Inc		1,563,510
	233,000		Taisei Corp		556,585
	29,000		Taisho Pharmaceutical Co Ltd		680,121
	59,000		Taiyo Nippon Sanso Corp		460,270
	54,000		Takashimaya Co Ltd		402,077
	175,200		Takeda Pharmaceutical Co Ltd		8,356,681
	47,700		Tanabe Seiyaku Co Ltd		864,251

207

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	27,800		TDK Corp	$	1,432,076
	201,000		Teijin Ltd		898,005
	37,700		Terumo Corp		2,117,222
	26,500		THK Co Ltd		687,021
	212,000		Tobu Railway Co Ltd		924,542
	25,500		Toho Co Ltd		444,222
	103,000		Toho Gas Co Ltd		564,574
	100,800		Tohoku Electric Power Co, Inc		1,302,704
	323,800	*	Tokyo Electric Power Co, Inc		1,796,966
	37,700		Tokyo Electron Ltd		2,029,260
	564,000		Tokyo Gas Co Ltd		2,694,476
	257,000		Tokyu Corp		1,153,921
	104,000		Tokyu Land Corp		488,236
	65,000		TonenGeneral Sekiyu KK		816,419
	121,000		Toppan Printing Co Ltd		956,884
	327,000		Toray Industries, Inc		2,542,871
	886,000		Toshiba Corp		4,596,382
	104,000		Tosoh Corp		440,943
	56,000		Toto Ltd		437,998
	32,600		Toyo Seikan Kaisha Ltd		570,732
	19,000		Toyo Suisan Kaisha Ltd		470,014
	12,600		Toyoda Gosei Co Ltd		275,116
	13,000		Toyota Boshoku Corp		218,437
	38,900		Toyota Industries Corp		1,267,848
	610,800	*	Toyota Motor Corp		24,935,288
	43,100		Toyota Tsusho Corp		754,449
	23,500	*	Trend Micro, Inc		735,469
	15,300		Tsumura & Co		500,794
	211,000		UBE Industries Ltd		716,151
	28,500		Uni-Charm Corp		1,286,855
	25,000		Ushio, Inc		470,211
	5,380		USS Co Ltd		428,196
	37,500		West Japan Railway Co		1,595,770
	3,179		Yahoo! Japan Corp		1,127,482
	20,900		Yakult Honsha Co Ltd		596,276
	17,890		Yamada Denki Co Ltd		1,432,362
	47,000		Yamaguchi Financial Group, Inc		479,730
	38,700		Yamaha Corp		457,898
	61,700	*	Yamaha Motor Co Ltd		1,196,154
	9,600		Yamato Kogyo Co Ltd		287,971
	86,400		Yamato Transport Co Ltd		1,480,151
	32,000		Yamazaki Baking Co Ltd		442,927
	53,000		Yaskawa Electric Corp		586,844
	48,100	*	Yokogawa Electric Corp		424,938
			TOTAL JAPAN		527,175,653
JERSEY, C.I. - 0.1%
	20,571		Randgold Resources Ltd		1,867,329
			TOTAL JERSEY, C.I.		1,867,329
KAZAKHSTAN - 0.0%
	54,262		Eurasian Natural Resources Corp		684,393
			TOTAL KAZAKHSTAN		684,393

208

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
LUXEMBOURG - 0.4%
	188,217		ArcelorMittal	$	5,866,926
	16,677		Millicom International Cellular S.A.		1,995,098
	66,172		SES Global S.A.		1,790,879
			TOTAL LUXEMBOURG		9,652,903
MACAU - 0.1%
	540,400	*	Sands China Ltd		1,626,474
	348,800		Wynn Macau Ltd		1,214,857
			TOTAL MACAU		2,841,331
MALAYSIA - 0.1%
	1,335,400	*	Genting International plc		2,103,642
			TOTAL MALAYSIA		2,103,642
MEXICO - 0.1%
	38,577		Fresnillo plc		1,106,791
			TOTAL MEXICO		1,106,791
NETHERLANDS - 4.5%
	379,779	*	Aegon NV		2,173,375
	51,224		Akzo Nobel NV		3,128,902
	94,418		ASML Holding NV		3,363,531
	15,787		Boskalis Westminster		664,143
	12,333		Corio NV		751,918
	33,906		DSM NV		1,922,421
	89,247		European Aeronautic Defence and Space Co		3,094,333
	15,366		Fugro NV		1,184,506
	26,092		Heineken Holding NV		1,325,759
	57,766		Heineken NV		3,418,059
	849,598	*	ING Groep NV		9,117,017
	264,768		Koninklijke Ahold NV		3,525,491
	218,100		Koninklijke Philips Electronics NV		5,417,056
	14,884		Koninklijke Vopak NV		742,843
	49,659	*	Qiagen N.V.		835,254
	26,934		Randstad Holdings NV		1,210,437
	147,348		Reed Elsevier NV		1,965,107
	789,114		Royal Dutch Shell plc (A Shares)		28,904,895
	597,058		Royal Dutch Shell plc (B Shares)		21,861,665
	348,146		Royal KPN NV		4,964,916
	35,698		SBM Offshore NV		853,358
	83,539	*	TNT Express NV		846,262
	83,539		TNT NV		652,282
	361,129		Unilever NV		11,727,703
	64,304		Wolters Kluwer NV		1,333,304
			TOTAL NETHERLANDS		114,984,537
NEW ZEALAND - 0.1%
	217,135		Auckland International Airport Ltd		430,792

209

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	80,491	*	Contact Energy Ltd	$	366,327
	150,243		Fletcher Building Ltd		1,072,986
	117,624		Sky City Entertainment Group Ltd		380,086
	449,697		Telecom Corp of New Zealand Ltd		1,033,973
			TOTAL NEW ZEALAND		3,284,164
NORWAY - 0.8%
	37,488		Aker Kvaerner ASA		656,032
	216,333		DNB NOR Holding ASA		3,145,937
	39,684		Gjensidige Forsikring BA		470,226
	37,488	*	Kvaerner ASA		79,651
	203,493		Norsk Hydro ASA		1,448,569
	165,361		Orkla ASA		1,553,989
	167,562	*	Renewable Energy Corp AS		310,458
	68,386		SeaDrill Ltd		2,380,387
	244,808		Statoil ASA		6,033,703
	162,341		Telenor ASA		2,713,236
	41,613		Yara International ASA		2,376,941
			TOTAL NORWAY		21,169,129
PORTUGAL - 0.2%
	704,925		Banco Comercial Portugues S.A.		325,197
	104,531		Banco Espirito Santo S.A.		395,581
	54,743		Cimpor Cimentos de Portugal S.A.		425,067
	44,391	*	EDP Renovaveis S.A.		287,785
	409,554		Energias de Portugal S.A.		1,422,846
	48,004		Galp Energia SGPS S.A.		1,084,232
	49,674		Jeronimo Martins SGPS S.A.		971,963
	144,371		Portugal Telecom SGPS S.A.		1,244,771
			TOTAL PORTUGAL		6,157,442
SINGAPORE - 1.6%
	387,960		Ascendas Real Estate Investment Trust		657,024
	550,000		CapitaLand Ltd		1,322,462
	477,330		CapitaMall Trust		746,621
	318,000		CapitaMalls Asia Ltd		378,637
	119,400		City Developments Ltd		1,045,992
	450,000		ComfortDelgro Corp Ltd		535,427
	220,000		Cosco Corp Singapore Ltd		324,357
	381,500		DBS Group Holdings Ltd		4,916,311
	223,000		Fraser and Neave Ltd		1,109,954
	372,000	*	Global Logistic Properties		622,793
	1,385,647		Golden Agri-Resources Ltd		838,065
	24,009		Jardine Cycle & Carriage Ltd		963,369
	313,400		Keppel Corp Ltd		2,880,498
	167,000		Keppel Land Ltd		530,457
	239,250		Neptune Orient Lines Ltd		285,525
	272,700		Olam International Ltd		596,115
	545,520		Oversea-Chinese Banking Corp		4,499,159
	202,460		SembCorp Industries Ltd		851,081
	176,600		SembCorp Marine Ltd		789,626
	119,933		Singapore Airlines Ltd		1,412,061

210

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	189,000		Singapore Exchange Ltd	$	1,171,098
	338,000		Singapore Press Holdings Ltd		1,105,503
	382,000		Singapore Technologies Engineering Ltd		956,798
	1,754,403		Singapore Telecommunications Ltd		4,888,184
	126,000		StarHub Ltd		295,067
	274,000		United Overseas Bank Ltd		4,647,160
	100,000		United Overseas Land Ltd		427,893
	430,000		Wilmar International Ltd		2,103,609
	437,000		Yangzijiang Shipbuilding		526,793
			TOTAL SINGAPORE		41,427,639
SPAIN - 3.3%
	74,898		Abertis Infraestructuras S.A.		1,377,825
	5,641		Acciona S.A.		583,382
	21,156		Acerinox S.A.		349,121
	31,552		ACS Actividades Cons y Servicios S.A.		1,332,862
	55,712		Amadeus IT Holding S.A.		1,121,156
	940,451		Banco Bilbao Vizcaya Argentaria S.A.		9,851,203
	242,489		Banco de Sabadell S.A.		906,553
	203,576		Banco Popular Espanol S.A.		1,051,586
	1,862,467		Banco Santander Central Hispano S.A.		19,602,999
	68,787		Bankinter S.A.		424,025
	94,232		Cintra Concesiones de Infraestructuras de Transporte S.A.		1,201,489
	171,793		Corp Mapfre S.A.		608,885
	194,760		Criteria Caixacorp S.A.		1,124,888
	130,198	*	Distribuidora Internacional de Alimentacion S.A.		551,890
	38,021		Enagas		866,219
	11,131		Fomento de Construcciones y Contratas S.A.		305,376
	73,477		Gas Natural SDG S.A.		1,477,134
	33,596		Gestevision Telecinco S.A.		314,537
	28,625		Grifols S.A.		625,659
	894,652		Iberdrola S.A.		7,269,641
	48,075		Inditex S.A.		4,347,063
	17,262		Indra Sistemas S.A.		342,150
	23,613		Red Electrica de Espana		1,286,020
	175,368		Repsol YPF S.A.		5,530,770
	909,807		Telefonica S.A.		20,279,173
	32,924		Zardoya Otis S.A.		476,130
			TOTAL SPAIN		83,207,736
SWEDEN - 2.9%
	72,389		Alfa Laval AB		1,510,390
	69,243		Assa Abloy AB (Class B)		1,777,766
	147,994		Atlas Copco AB (A Shares)		3,492,578
	86,495		Atlas Copco AB (B Shares)		1,818,435
	61,607		Boliden AB		1,064,762
	52,866		Electrolux AB (Series B)		999,105
	668,091		Ericsson (LM) (B Shares)		8,391,670
	42,994		Getinge AB (B Shares)		1,159,572
	226,928		Hennes & Mauritz AB (B Shares)		7,758,561
	63,609		Hexagon AB (B Shares)		1,294,597
	10,661		Holmen AB (B Shares)		310,214

211

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	105,352		Husqvarna AB (B Shares)	$	608,478
	24,190		Industrivarden AB		361,244
	101,394		Investor AB (B Shares)		2,202,101
	46,343		Kinnevik Investment AB (Series B)		1,066,918
	11,163		Modern Times Group AB (B Shares)		757,010
	577,761		Nordea Bank AB		6,145,079
	42,278		Ratos AB (B Shares)		767,385
	220,920		Sandvik AB		3,522,320
	70,051		Scania AB (B Shares)		1,361,862
	66,624		Securitas AB (B Shares)		678,173
	308,980		Skandinaviska Enskilda Banken AB (Class A)		2,351,481
	85,586		Skanska AB (B Shares)		1,391,805
	85,001		SKF AB (B Shares)		2,235,801
	38,781		Ssab Svenskt Stal AB (Series A)		521,536
	128,802		Svenska Cellulosa AB (B Shares)		1,875,237
	107,360		Svenska Handelsbanken (A Shares)		3,380,047
	180,664		Swedbank AB (A Shares)		3,163,616
	47,120		Swedish Match AB		1,752,322
	72,793		Tele2 AB (B Shares)		1,548,006
	473,493		TeliaSonera AB		3,620,896
	304,448		Volvo AB (B Shares)		4,908,783
			TOTAL SWEDEN		73,797,750
SWITZERLAND - 8.4%
	483,055		ABB Ltd		11,569,985
	24,369		Actelion Ltd		1,237,295
	28,038		Adecco S.A.		1,684,866
	19,475		Aryzta AG.		1,063,565
	10,560		Baloise Holding AG.		1,050,451
	115,216		Compagnie Financiere Richemont S.A.		7,441,149
	249,504		Credit Suisse Group		8,970,291
	8,511		Geberit AG.		2,008,391
	1,847		Givaudan S.A.		2,022,422
	187,501	*	Glencore International AG.		1,464,080
	53,761		Holcim Ltd		3,686,145
	45,667		Julius Baer Group Ltd		1,940,349
	43,464		Julius Baer Holding AG.		674,285
	11,720		Kuehne & Nagel International AG.		1,638,489
	188		Lindt & Spruengli AG.		612,693
	25		Lindt & Spruengli AG. (Reg)		956,420
	11,112		Lonza Group AG.		946,415
	766,925		Nestle S.A.		48,854,290
	516,681		Novartis AG.		31,673,618
	5,911		Pargesa Holding S.A.		523,472
	11,380		Phonak Holding AG.		1,077,923
	155,574		Roche Holding AG.		27,917,104
	10,668		Schindler Holding AG.		1,254,308
	4,649		Schindler Holding AG. (Reg)		543,432
	1,211		SGS S.A.		2,352,274
	453		Sika AG.		1,059,989
	135,321		STMicroelectronics NV		1,066,897
	1,811		Straumann Holding AG.		412,473

212

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	5,168		Sulzer AG.	$	750,914
	6,651		Swatch Group AG.		3,607,001
	9,061		Swatch Group AG. Reg		843,571
	6,600		Swiss Life Holding		980,005
	78,356		Swiss Re Ltd		4,411,352
	5,259		Swisscom AG.		2,531,303
	20,778		Syngenta AG.		6,614,354
	14,590	g	Synthes, Inc		2,630,482
	70,636		Transocean Ltd		4,289,191
	806,530	*	UBS AG. (Switzerland)		13,314,631
	32,321		Zurich Financial Services AG.		7,686,008
			TOTAL SWITZERLAND		213,361,883
TAIWAN - 0.0%
	412,000	*	Foxconn International Holdings Ltd		187,528
			TOTAL TAIWAN		187,528
UNITED KINGDOM - 18.8%
	204,773		3i Group plc		899,669
	64,372		Acergy S.A.		1,695,138
	45,554		Admiral Group plc		1,155,518
	58,849		Aggreko plc		1,863,722
	71,804		AMEC plc		1,237,960
	292,586		Anglo American plc (London)		13,848,901
	88,034		Antofagasta plc		2,021,784
	300,044		ARM Holdings plc		2,860,950
	80,882		Associated British Foods plc		1,418,134
	308,258		AstraZeneca plc		14,977,915
	51,886	*	Autonomy Corp plc		1,427,844
	627,608		Aviva plc		4,087,280
	76,127		Babcock International Group		840,837
	751,233		BAE Systems plc		3,740,031
	148,369		Balfour Beatty plc		736,744
	2,567,125		Barclays plc		9,314,948
	750,591		BG Group plc		17,696,347
	482,135		BHP Billiton plc		18,010,169
	4,162,069		BP plc		31,367,980
	441,376		British American Tobacco plc		20,374,468
	190,593		British Land Co plc		1,823,073
	252,537		British Sky Broadcasting plc		2,951,433
	1,714,966		BT Group plc		5,641,349
	68,984		Bunzl plc		872,024
	94,427		Burberry Group plc		2,308,474
	308,692	*	Cairn Energy plc		1,866,166
	136,051		Capita Group plc		1,600,221
	40,296		Carnival plc		1,392,350
	1,138,707		Centrica plc		5,716,466
	242,917		Cobham plc		809,706
	414,122		Compass Group plc		3,894,549
	23,335		Delta Lloyd NV		509,946
	554,304		Diageo plc		11,275,029
	76,642	*	Essar Energy plc		451,551

213

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	220,821		Experian Group Ltd	$	2,902,779
	1,148,584		GlaxoSmithKline plc		25,607,835
	304,982		Group 4 Securicor plc		1,370,119
	150,654		Hammerson plc		1,148,725
	183,074		Home Retail Group		406,955
	3,919,634		HSBC Holdings plc		38,213,775
	117,414		ICAP plc		859,099
	226,532		Imperial Tobacco Group plc		7,841,745
	99,254		Inmarsat plc		878,399
	64,399		Intercontinental Hotels Group plc		1,270,755
	238,882	*	International Consolidated Airlines		924,677
	337,774		International Power plc		1,690,663
	33,905		Intertek Group plc		1,064,462
	184,680		Invensys plc		933,742
	105,846		Investec plc		831,565
	799,973	*	ITV plc		915,082
	278,047		J Sainsbury plc		1,384,556
	46,163		Johnson Matthey plc		1,538,682
	48,543		Kazakhmys plc		1,066,391
	529,139		Kingfisher plc		2,185,291
	167,358		Land Securities Group plc		2,338,436
	1,310,972		Legal & General Group plc		2,402,302
	118,783		Liberty International plc		725,902
	9,107,081	*	Lloyds TSB Group plc		6,433,318
	33,837		London Stock Exchange Group plc		551,717
	37,756		Lonmin plc		782,838
	421,914		Man Group plc		1,535,326
	348,760		Marks & Spencer Group plc		1,976,384
	778,608		National Grid plc		7,618,213
	40,382		Next plc		1,569,679
	1,185,684		Old Mutual plc		2,460,206
	180,313		Pearson plc		3,460,059
	58,126		Petrofac Ltd		1,329,876
	558,845		Prudential plc		6,294,958
	137,223		Reckitt Benckiser Group plc		7,764,911
	266,791		Reed Elsevier plc		2,419,094
	328,960		Resolution Ltd		1,487,244
	197,723		Rexam plc		1,201,404
	320,364		Rio Tinto plc		22,614,096
	409,488		Rolls-Royce Group plc		4,371,793
	770,816		Royal & Sun Alliance Insurance Group plc		1,657,581
	3,826,698	*	Royal Bank of Scotland Group plc		2,220,422
	211,289		SABMiller plc		7,893,072
	286,450		Sage Group plc		1,286,960
	23,491		Schroders plc		625,282
	207,210		Scottish & Southern Energy plc		4,439,745
	158,715		Segro plc		784,818
	104,797		Serco Group plc		927,177
	49,558		Severn Trent plc		1,160,742
	196,409		Smith & Nephew plc		2,066,115
	87,928		Smiths Group plc		1,634,200
	520,421		Standard Chartered plc		13,257,188

214

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	484,030		Standard Life plc	$	1,567,745
	1,774,346		Tesco plc		11,145,353
	127,805		TUI Travel plc		407,890
	194,485		Tullow Oil plc		3,907,182
	284,811		Unilever plc		9,091,338
	148,236		United Utilities Group plc		1,428,847
	11,463,976		Vodafone Group plc		32,149,045
	46,002		Weir Group plc		1,596,527
	39,441		Whitbread plc		1,005,219
	504,996		WM Morrison Supermarkets plc		2,405,479
	63,180		Wolseley plc		1,875,677
	276,972		WPP plc		3,139,080
	460,236		Xstrata plc		9,710,228
			TOTAL UNITED KINGDOM		480,444,641
UNITED STATES - 1.8%
	791,650	d	iShares MSCI EAFE Index Fund		46,430,273
			TOTAL UNITED STATES		46,430,273
			TOTAL COMMON STOCKS		2,540,546,099
			(Cost $2,446,566,006)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	989,098	m	GPT Group		0
			TOTAL AUSTRALIA		0
			TOTAL RIGHTS / WARRANTS		0
			(Cost $0)
			TOTAL INVESTMENTS - 99.6%		2,540,546,099
			(Cost $2,446,566,006)
			OTHER ASSETS & LIABILITIES, NET - 0.4%		10,249,671
			NET ASSETS - 100.0%	$	2,550,795,770
			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 or other requirements on open futures contracts.
		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 July 31, 2011 the value of these securities amounted to $2,630,482 or 0.1% of net assets.
		m	Indicates a security that has been deemed illiquid.

215

TIAA-CREF FUNDS - International Equity Index Fund

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

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	619,433,829		24.3	%
INDUSTRIALS		314,538,511		12.3
MATERIALS		280,465,774		11.0
CONSUMER DISCRETIONARY		267,440,315		10.5
CONSUMER STAPLES		259,906,805		10.2
HEALTH CARE		224,916,739		8.8
ENERGY		203,920,744		8.0
TELECOMMUNICATION SERVICES		139,651,568		5.5
INFORMATION TECHNOLOGY		117,875,463		4.6
UTILITIES		112,396,351		4.4
OTHER ASSETS & LIABILITIES, NET		10,249,671		0.4
NET ASSETS	$	2,550,795,770		100.0	%

216

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

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

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
CORPORATE BONDS - 0.0%
INDIA - 0.0%
	$115,140	Dr Reddy’s Laboratories Ltd	9.250	%	03/24/14	$	130
		TOTAL INDIA					130
		TOTAL CORPORATE BONDS					130
		(Cost $146)

SHARES			COMPANY
COMMON STOCKS - 99.0%
BRAZIL - 14.1%
	4,958		AES Tiete S.A.	77,366
	17,600		All America Latina Logistica S.A.	127,105
	5,705		Amil Participacoes S.A.	65,112
	4,985		Anhanguera Educacional Participacoes S.A.	96,720
	1,793		B2W Companhia Global Do Varejo	16,729
	4,000		Banco Bradesco S.A. (ADR)	76,920
	78,204		Banco Bradesco S.A. (Preference)	1,487,583
	24,786		Banco do Brasil S.A.	420,172
	7,668		Banco do Estado do Rio Grande do Sul	77,627
	93,061		Banco Itau Holding Financeira S.A.	1,886,603
	27,739		Banco Santander Brasil S.A.	260,604
	600		Banco Santander Brasil S.A. (ADR)	5,568
	84,774		BM&FBOVESPA S.A.	495,793
	15,600		BR Malls Participacoes S.A.	181,665
	10,265		Bradespar S.A.	264,229
	11,500		Brasil Telecom S.A. (Preference)	97,289
	7,215		Braskem S.A.	85,555
	200		Braskem S.A. (ADR)	4,854
	1,900		BRF-Brasil Foods S.A. (ADR)	36,689
	8,291		Brookfield Incorporacoes S.A.	36,460
	12,776		Centrais Eletricas Brasileiras S.A.	154,381
	400		Centrais Eletricas Brasileiras S.A. (ADR)	4,824
	9,992		Centrais Eletricas Brasileiras S.A. (Preference)	151,731
	7,970		CETIP S.A.-Balcao Organizado de Ativos e Derivativos	136,187
	4,257		Cia Brasileira de Distribuicao Grupo Pao de Acucar	182,402
	400	*	Cia Brasileira de Distribuicao Grupo Pao de Acucar (ADR)	17,276
	1,700		Cia de Bebidas das Americas (ADR)	51,034
	9,289		Cia de Concessoes Rodoviarias	279,655
	5,000		Cia de Saneamento Basico do Estado de Sao Paulo	149,273
	1,700		Cia de Transmissao de Energia Electrica Paulista	51,520
	16,449		Cia Energetica de Minas Gerais	314,481
	500		Cia Energetica de Minas Gerais (ADR)	9,650

217

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	7,320		Cia Energetica de Sao Paulo (Class B)	$	151,040
	4,985		Cia Hering		106,846
	4,595		Cia Paranaense de Energia		110,812
	200		Cia Paranaense de Energia (ADR)		4,834
	28,530		Cia Siderurgica Nacional S.A.		297,653
	3,000		Cia Siderurgica Nacional S.A.(ADR)		31,860
	10,250		Companhia Brasileira de Meios de Pagamento		284,860
	100		Companhia de Saneamento Basico do Estado de Sao Paulo (ADR)		5,969
	6,800		Companhia Vale do Rio Doce (ADR)		220,592
	5,436		Cosan SA Industria e Comercio		83,423
	8,600		CPFL Energia S.A.		122,275
	300		CPFL Energia S.A. (ADR)		8,667
	11,105		Cyrela Brazil Realty S.A.		108,841
	10,578		Diagnosticos da America S.A.		131,299
	6,628		EcoRodovias Infraestrutura e Logistica S.A.		55,773
	2,800		EDP - Energias do Brasil S.A.		70,052
	4,500		Eletropaulo Metropolitana de Sao Paulo S.A.		105,242
	21,879		Empresa Brasileira de Aeronautica S.A.		158,148
	600		Empresa Brasileira de Aeronautica S.A. (ADR)		17,712
	3,948		Fertilizantes Fosfatados S.A.		60,766
	6,063		Fibria Celulose S.A.		72,599
	2,700		Fibria Celulose S.A. (ADR)		32,292
	16,000		Gafisa S.A.		77,377
	1,300		Gerdau S.A. (ADR)		11,856
	35,175		Gerdau S.A. Preference		317,989
	2,100		Gol Linhas Aereas Inteligentes S.A.		16,249
	200	*	HRT Participacoes em Petroleo SA		186,478
	11,482		Hypermarcas S.A.		88,252
	98,838		Investimentos Itau S.A. - PR		664,082
	4,900		Itau Unibanco Banco Multiplo S.A. (ADR)		99,813
	21,264		JBS S.A.		63,620
	20,020		Klabin S.A.		68,289
	4,182		Localiza Rent A Car		67,792
	11,581		Lojas Americanas S.A.		105,661
	4,930		Lojas Renner S.A.		177,192
	5,574		Marfrig Alimentos S.A.		54,631
	11,217		Metalurgica Gerdau S.A.		128,310
	8,361	*	MMX Mineracao e Metalicos S.A.		43,777
	11,356		MRV Engenharia e Participacoes S.A.		84,208
	1,700		Multiplan Empreendimentos Imobiliarios S.A.		36,722
	7,192		Natura Cosmeticos S.A.		163,470
	4,051		Odontoprev S.A.		69,352
	56,791	*	OGX Petroleo e Gas Participacoes S.A.		473,121
	45,248		PDG Realty S.A.		239,245
	26,756		Perdigao S.A.		508,948
	128,272		Petroleo Brasileiro S.A.		2,154,616
	4,400		Petroleo Brasileiro S.A. (ADR)		149,468
	171,046		Petroleo Brasileiro S.A. (Preference)		2,591,858
	5,081		Porto Seguro S.A.		71,095
	133,500		PT International Nickel Indonesia Tbk		66,510
	13,932		Redecard S.A.		239,858
	6,359		Rossi Residencial S.A.		47,769

218

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	11,281		Satipel Industrial S.A.	$	84,016
	17,445		Souza Cruz S.A.		208,100
	5,005		Sul America SA		58,413
	7,642		Suzano Papel e Celulose S.A.		50,754
	500		Tam S.A. (ADR)		9,735
	1,700		Tam S.A. (Preference)		32,666
	2,100		Tele Norte Leste Participacoes S.A.		32,417
	10,068		Tele Norte Leste Participacoes S.A. (Preference)		139,511
	13,121		Telecomunicacoes de Sao Paulo S.A.		412,874
	1,400		Telemar Norte Leste S.A.		40,397
	21,492		Tim Participacoes S.A.		106,015
	700		Tim Participacoes S.A. (ADR)		35,028
	4,100		Totvus S.A.		73,469
	6,300		Tractebel Energia S.A.		106,148
	12,880		Ultrapar Participacoes S.A.		230,052
	400		Ultrapar Participacoes S.A. (ADR)		7,248
	7,305		Usinas Siderurgicas de Minas Gerais S.A.		99,859
	19,617		Usinas Siderurgicas de Minas Gerais S.A. (Preference)		141,039
	53,100		Vale S.A.		1,718,127
	81,673		Vale SA (Preference)		2,401,976
			TOTAL BRAZIL		24,600,064
CHILE - 1.5%
	124,823		AES Gener S.A.		74,348
	868		Banco de Credito e Inversiones		53,882
	1,806,606		Banco Santander Chile S.A.		161,904
	3,273		CAP S.A.		150,236
	40,465		Centros Comerciales Sudamericanos S.A.		267,025
	4,986		Cia Cervecerias Unidas S.A.		56,235
	339,624		Colbun S.A.		90,492
	2,690,040		CorpBanca S.A.		40,277
	27,245	*	Empresa Electrica del Norte Grande S.A.		72,302
	145,817		Empresa Nacional de Electricidad S.A.		261,353
	4,159		Empresa Nacional de Telecomunicaciones S.A.		84,089
	4,609		Empresas CMPC S.A.		221,524
	19,536		Empresas COPEC S.A.		346,951
	581,769		Enersis S.A.		256,868
	4,856		Lan Airlines S.A.		127,795
	12,999		SACI Falabella		125,586
	4,098		Sociedad Quimica y Minera de Chile S.A. (Class B)		265,586
	19,559		Vina Concha Y Toro S.A.		44,676
			TOTAL CHILE		2,701,129
CHINA - 15.3%
	68,000		Agile Property Holdings Ltd		109,562
	751,000		Agricultural Bank of China		407,363
	106,000		Air China Ltd		112,129
	62,500		Alibaba.com Ltd		86,983
	186,000		Aluminum Corp of China Ltd		159,135
	60,000		Angang New Steel Co Ltd		61,875
	55,500		Anhui Conch Cement Co Ltd		258,941
	44,000		Anta Sports Products Ltd		66,328

219

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	96,000		AviChina Industry & Technology Co	$	56,124
	2,536,000		Bank of China Ltd		1,167,255
	324,500		Bank of Communications Co Ltd		282,861
	59,000		BBMG Corp		85,371
	104,000		Beijing Capital International Airport Co Ltd		48,812
	24,500		Beijing Enterprises Holdings Ltd		123,694
	140,000		Bosideng International Holdings Ltd		40,999
	106,000	*	Brilliance China Automotive Holdings Ltd		134,842
	25,000		Byd Co Ltd		82,695
			Changsha Zoomlion Heavy Industry Science and Technology
	61,720		Development Co Ltd		121,376
	82,000		China Agri-Industries Holdings Ltd		92,365
	96,000		China BlueChemical Ltd		74,685
	387,600		China Citic Bank		237,398
	186,000		China Coal Energy Co		267,582
	202,000		China Communications Construction Co Ltd		171,337
	112,000		China Communications Services Corp Ltd		56,496
	2,076,350		China Construction Bank		1,670,831
	163,000		China Dongxiang Group Co		37,085
	42,000		China Everbright Ltd		75,284
	63,000		China High Speed Transmission Equipment Group Co Ltd		48,992
	37,800	*	China Insurance International Holdings Co Ltd		86,833
	323,000		China Life Insurance Co Ltd		1,077,218
	101,000		China Longyuan Power Group Corp		87,533
	173,500		China Merchants Bank Co Ltd		411,210
	51,687		China Merchants Holdings International Co Ltd		183,481
	176,000		China Minsheng Banking Corp Ltd		155,244
	259,500		China Mobile Hong Kong Ltd		2,581,726
	68,000		China Molybdenum Co Ltd		53,368
	130,000		China National Building Material Co Ltd		260,496
	59,000		China National Materials Co Ltd		43,488
	74,000		China Oilfield Services Ltd		129,435
	180,000		China Overseas Land & Investment Ltd		403,053
	62,200		China Pacific Insurance Group Co Ltd		235,664
	102,000		China Railway Construction Corp		62,390
	194,000		China Railway Group Ltd		72,619
	54,000		China Resources Enterprise		234,115
	78,000		China Resources Power Holdings Co		151,868
	84,000		China Shanshui Cement Group Ltd		101,877
	148,500		China Shenhua Energy Co Ltd		744,594
	23,000		China Shineway Pharmaceutical Group Ltd		38,839
	197,000	*	China Shipping Container Lines Co Ltd		56,064
	70,000		China Shipping Development Co Ltd		54,503
	95,000		China South Locomotive and Rolling Stock Corp		68,794
	94,000	*	China Southern Airlines Co Ltd		61,008
	74,000		China State Construction International Holdings Ltd		74,118
	610,000		China Telecom Corp Ltd		399,657
	260,000		China Unicom Ltd		519,329
	63,000		China Yurun Food Group Ltd		197,733
	97,200		China Zhongwang Holdings Ltd		46,120
	117,000	*	Chongqing Rural Commercial Bank		67,662
	59,000		Citic Pacific Ltd		127,584

220

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	771,000		CNOOC Ltd	$	1,716,255
	129,000		COSCO Holdings		90,226
	76,000		COSCO Pacific Ltd		123,126
	211,000		Country Garden Holdings Co Ltd		108,059
	154,000		Datang International Power Generation Co Ltd		50,381
	18,200		Dongfang Electric Co Ltd		65,919
	124,000		Dongfeng Motor Group Co Ltd		245,124
	245,000		Evergrande Real Estate Group		183,742
	82,500		Fosun International		67,229
	204,000		Franshion Properties China Ltd		56,198
	322,000		GCL Poly Energy Holdings Ltd		181,276
	34,000		Golden Eagle Retail Group Ltd		83,829
	53,000		Great Wall Motor Co Ltd		80,003
	42,000		Greentown China Holdings Ltd		37,571
	126,000		Guangdong Investments Ltd		67,912
	106,000		Guangzhou Automobile Group Co Ltd		127,732
	288,000	*	Guangzhou Investment Co Ltd		52,723
	48,400		Guangzhou R&F Properties Co Ltd		62,365
	32,500		Hengan International Group Co Ltd		282,221
	58,000		Hidili Industry International Development Ltd		42,396
	160,000		Huaneng Power International, Inc		78,581
	2,621,000		Industrial & Commercial Bank of China		1,990,518
	49,000		Intime Department Store Group Co Ltd		82,036
	68,000		Jiangsu Express		65,354
	100,000		Jiangsu Rongsheng Heavy Industry Group Co Ltd		60,944
	63,000		Jiangxi Copper Co Ltd		221,192
	76,000		KWG Property Holding Ltd		53,006
	280,000		Lenovo Group Ltd		177,696
	35,500		Li Ning Co Ltd		43,353
	63,500		Longfor Properties Co Ltd		97,751
	100,000		Lonking Holdings Ltd		50,674
	96,000		Maanshan Iron & Steel		41,585
	165,000		Metallurgical Corp of China Ltd		61,485
	92,000	*	Minmetals Resources Ltd		63,228
	87,000		Nine Dragons Paper Holdings Ltd		73,755
	69,500		Parkson Retail Group Ltd		97,729
	112,000	*	PICC Property & Casualty Co Ltd		193,100
	75,000		Ping An Insurance Group Co of China Ltd		729,375
	105,000		Poly Hong Kong Investment Ltd		77,804
	542,000		Renhe Commercial Holdings Co Ltd		107,027
	934,000	*	Semiconductor Manufacturing International		55,767
	72,000		Shandong Weigao Group Medical Polymer Co Ltd		98,597
	144,000		Shanghai Electric Group Co Ltd		76,393
	27,000		Shanghai Industrial Holdings Ltd		98,069
	79,000		Shimao Property Holdings Ltd		104,181
	142,195		Shui On Land Ltd		62,842
	107,000	*	Sihuan Pharmaceutical Holdings		47,181
	122,000		Sinochem Hong Kong Holding Ltd		46,087
	175,324		Sino-Ocean Land Holdings Ltd		98,171
	130,000		Sinopec Shanghai Petrochemical Co Ltd		54,089
	37,600		Sinopharm Group Co		109,480
	100,000		Soho China Ltd		90,495

221

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	43,800		Tencent Holdings Ltd	$	1,137,075
	88,000		Tingyi Cayman Islands Holding Corp		273,220
	16,000		Tsingtao Brewery Co Ltd		101,510
	266,000		Want Want China Holdings Ltd		236,715
	20,000		Weichai Power Co Ltd		108,567
	27,000	*	Wumart Stores, Inc		67,606
	34,000		Xinao Gas Holdings Ltd		114,748
	88,000		Yanzhou Coal Mining Co Ltd		337,120
	43,000		Zhaojin Mining Industry Co Ltd		85,595
	80,000		Zhejiang Expressway Co Ltd		56,311
	24,000		Zhuzhou CSR Times Electric Co Ltd		70,535
	276,000		Zijin Mining Group Co Ltd		149,193
	29,120		ZTE Corp		90,878
			TOTAL CHINA		26,786,928
COLOMBIA - 0.7%
	6,182		Almacenes Exito S.A.		82,754
	8,147		BanColombia S.A.		132,885
	10,644		BanColombia S.A. (Preference)		173,853
	9,191		Cementos Argos S.A.		56,967
	3,375		Corp Financiera Colombiana S.A.		62,642
102		*,m	Corp Financiera Colombiana S.A.		1,827
	179,877		Ecopetrol S.A.		377,873
	17,922		Interconexion Electrica S.A.		123,381
	9,870		Inversiones Argos S.A.		101,146
	9,863		Suramericana de Inversiones S.A.		199,706
			TOTAL COLOMBIA		1,313,034
CZECH REPUBLIC - 0.3%
	5,704		CEZ AS		295,198
	551		Komercni Banka AS		122,823
	5,000		Telefonica O2 Czech Republic AS		127,196
			TOTAL CZECH REPUBLIC		545,217
EGYPT - 0.3%
	25,000		Commercial International Bank		114,006
	29,870		Egypt Kuwait Holding Co		36,077
	924		Egyptian Co for Mobile Services		16,171
	12,061		Egyptian Financial Group-Hermes Holding		38,585
	4,180		National Societe Generale Bank SAE		21,834
	4,332		Orascom Construction Industries		187,679
	102,491	*	Orascom Telecom Holding SAE		66,401
	26,340	*	Talaat Moustafa Group		18,760
	16,671		Telecom Egypt		43,719
			TOTAL EGYPT		543,232
GERMANY - 0.0%
	12,027		Magyar Telekom		34,707
			TOTAL GERMANY		34,707

222

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
HONG KONG - 1.0%
	186,000		Belle International Holdings Ltd	$	405,990
	158,000		Chaoda Modern Agriculture		63,050
	172,000		China Gas Holdings Ltd		64,461
	56,000		China Mengniu Dairy Co Ltd		193,880
	94,000		China Resources Cement Holdings Ltd		90,159
	88,000		China Resources Land Ltd		172,376
	144,000		Fushan International Energy Group Ltd		81,152
	195,000		Geely Automobile Holdings Ltd		77,172
	458,000		GOME Electrical Appliances Holdings Ltd		216,079
	116,000		Hengdeli Holdings Ltd		57,436
	96,000		Huabao International Holdings Ltd		81,325
	28,000		Kingboard Chemical Holdings Ltd		132,979
	95,000		Lee & Man Paper Manufacturing Ltd		47,832
	53,000		Sany Heavy Equipment International		53,362
	98,760		Skyworth Digital Holdings Ltd		63,528
			TOTAL HONG KONG		1,800,781
HUNGARY - 0.3%
	1,880	*	MOL Hungarian Oil and Gas plc		201,736
	9,732		OTP Bank		280,768
	513		Richter Gedeon Nyrt		102,346
			TOTAL HUNGARY		584,850
INDIA - 7.0%
	10,065		Adani Enterprises Ltd		133,149
	1,665		Aditya Birla Nuvo Ltd		35,913
	26,967		Ambuja Cements Ltd		78,761
	1,404		Asian Paints Ltd		99,341
	2,716		Associated Cement Co Ltd		62,089
	3,263		Bajaj Holdings and Investment Ltd		108,375
	4,557		Bank of India		39,724
	5,193		Bharat Heavy Electricals		215,998
	4,956		Bharat Petroleum Corp Ltd		73,777
	4,593		Canara Bank		47,644
	14,170		Cipla Ltd		98,100
	22,828		Coal India Ltd		200,565
	17,217		Dabur India Ltd		40,467
	14,393		DLF Ltd		75,064
	4,404		Dr Reddy’s Laboratories Ltd		158,349
	17,619		GAIL India Ltd		183,839
	48,684	*	GMR Infrastructure Ltd		33,654
	6,684		HCL Technologies Ltd		73,363
	65,245		HDFC Bank Ltd		718,440
	3,199		Hero Honda Motors Ltd		129,068
	50,452		Hindalco Industries Ltd		191,844
	37,535		Hindustan Lever Ltd		275,270
	5,294	*	Housing Development & Infrastruture Ltd		17,058
	45,875		Housing Development Finance Corp		713,898
	34,402		ICICI Bank Ltd		804,631
	743	*	Indiabulls Financial Services Ltd		0
	5,949	*	Indiabulls Real Estate Ltd		13,374
	6,165		IndusInd Bank Ltd		37,726

223

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	18,480		Infosys Technologies Ltd	$	1,158,426
	39,134		Infrastructure Development Finance Co Ltd		111,374
	97,868		ITC Ltd		460,545
	37,546		Jaiprakash Associates Ltd		56,395
	16,401		Jindal Steel & Power Ltd		217,312
	3,635		JSW Steel Ltd		63,496
	12,078		Kotak Mahindra Bank Ltd		121,490
	9,119		Larsen & Toubro Ltd		355,497
	10,274		LIC Housing Finance Ltd		49,325
	6,459		Lupin Ltd		66,413
	12,220		Mahindra & Mahindra Ltd		198,823
	2,549		Maruti Udyog Ltd		69,423
	15,099		Mundra Port and Special Economic Zone Ltd		48,972
	28,626		NTPC Ltd		113,907
	2,570		Piramal Healthcare Ltd		22,117
	52,756		Power Grid Corp of India Ltd		125,455
	5,643		Ranbaxy Laboratories Ltd		68,746
	3,832		Reliance Capital Ltd		49,795
	19,037		Reliance Communication Ventures Ltd		43,632
	5,373		Reliance Energy Ltd		65,614
	56,773		Reliance Industries Ltd		1,061,756
	28,529	*	Reliance Power Ltd		72,226
	13,051		Rural Electrification Corp Ltd		61,916
	21,852	*	Satyam Computer Services Ltd		41,729
	15,001		Sesa Goa Ltd		93,115
	5,156		Shriram Transport Finance Co Ltd		74,529
	3,069		Siemens India Ltd		64,197
	1,409	f	State Bank of India Ltd (GDR) (purchased 11/10/10, cost $170,576)		156,117
	17,801		Steel Authority Of India		50,825
	60,625		Sterlite Industries India Ltd		219,539
	14,039		Sun Pharmaceuticals Industries Ltd		164,171
	26,569	*	Suzlon Energy Ltd		31,465
	20,343		Tata Consultancy Services Ltd		523,391
	13,451		Tata Motors Ltd		288,039
	4,691		Tata Power Co Ltd		135,730
	13,919		Tata Steel Ltd		177,052
	7,220		Titan Industries Ltd		37,209
	2,846		Ultra Tech Cement Ltd		66,269
	39,737		Unitech Ltd		27,401
	11,997		United Phosphorus Ltd		45,017
	3,505		United Spirits Ltd		80,924
	9,613		UTI Bank Ltd		290,416
	20,736		Wipro Ltd		182,361
	21,558		ZEE Telefilms Ltd		64,101
			TOTAL INDIA		12,135,733
INDONESIA - 2.6%
	656,000		Adaro Energy Tbk		203,403
	471,500		Bank Rakyat Indonesia		381,661
	187,500		PT Aneka Tambang Tbk		44,014
	16,000		PT Astra Agro Lestari Tbk		44,121
	83,500		PT Astra International Tbk		691,653

224

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	507,500		PT Bank Central Asia Tbk	$	494,294
	107,000		PT Bank Danamon Indonesia Tbk		68,496
	392,771		PT Bank Mandiri Persero Tbk		361,828
	299,193		PT Bank Negara Indonesia		156,260
	795,500		PT Bumi Resources Tbk		283,984
	323,000		PT Charoen Pokphand Indonesia Tbk		103,301
	61,000		PT Excelcomindo Pratama		41,178
	25,000		PT Gudang Garam Tbk		149,445
	19,500		PT Indo Tambangraya Megah		115,530
	58,500		PT Indocement Tunggal Prakarsa Tbk		106,199
	199,500		PT Indofood Sukses Makmur Tbk		148,616
	24,000		PT Indosat Tbk		15,336
	178,000		PT Kalbe Farma Tbk		72,731
	490,000		PT Perusahaan Gas Negara		228,661
	125,500		PT Semen Gresik Persero Tbk		139,223
	39,000		PT Tambang Batubara Bukit Asam Tbk		97,578
	425,000		PT Telekomunikasi Indonesia Tbk (Series B)		367,826
	56,500		PT Unilever Indonesia Tbk		103,611
	72,000		PT United Tractors Tbk		230,948
			TOTAL INDONESIA		4,649,897
KOREA, REPUBLIC OF - 14.6%
	133		Amorepacific Corp		151,380
	7,010	*	BS Financial Group		108,046
	2,883		Celltrion, Inc		131,152
	1,977		Cheil Industries, Inc		225,827
	353		CJ CheilJedang Corp		102,538
	1,206		Daelim Industrial Co		144,284
	3,680		Daewoo Engineering & Construction Co Ltd		43,064
	1,480		Daewoo International Corp		56,062
	4,830		Daewoo Securities Co Ltd		84,941
	4,150		Daewoo Shipbuilding & Marine Engineering Co Ltd		147,380
	645		DC Chemical Co Ltd		248,728
	4,950	*	DGB Financial Group Co Ltd		78,407
	1,780		Dongbu Insurance Co Ltd		88,326
	1,480		Dongkuk Steel Mill Co Ltd		55,686
	391		Doosan Corp		54,804
	1,686		Doosan Heavy Industries and Construction Co Ltd		107,997
	4,240	*	Doosan Infracore Co Ltd		105,613
	901	*	E-Mart Co Ltd		235,014
	434		GLOVIS Co Ltd		79,092
	1,518		GS Engineering & Construction Corp		171,408
	2,329		GS Holdings Corp		199,587
	9,210		Hana Financial Group, Inc		361,230
	1,086		Hanjin Heavy Industries & Construction Co Ltd		31,609
	1,950		Hanjin Shipping Co Ltd		38,965
	3,030		Hankook Tire Co Ltd		123,217
	3,710		Hanwha Chemical Corp		163,592
	1,931		Hanwha Corp		94,677
	621		Honam Petrochemical Corp		254,415
	21,560		Hynix Semiconductor, Inc		497,019
	978		Hyosung Corp		86,590

225

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	574		Hyundai Department Store Co Ltd	$	100,120
	2,330		Hyundai Development Co		73,198
	2,928		Hyundai Engineering & Construction Co Ltd		239,959
	1,810		Hyundai Heavy Industries		699,757
	1,428		Hyundai Hysco		65,514
	1,600		Hyundai Merchant Marine Co Ltd		45,440
	462		Hyundai Mipo Dockyard		73,154
	2,901		Hyundai Mobis		1,044,358
	6,571		Hyundai Motor Co		1,462,895
	1,709		Hyundai Motor Co Ltd (2nd Preference)		124,014
	1,146		Hyundai Motor Co Ltd (Preference)		79,787
	5,240		Hyundai Securities Co		63,306
	2,400		Hyundai Steel Co		295,806
	623	*	Hyundai Wia Corp		95,401
	6,560		Industrial Bank of Korea		112,764
	4,300		Kangwon Land, Inc		122,316
	13,976		KB Financial Group, Inc		695,212
	184		KCC Corp		61,092
	10,230		Kia Motors Corp		749,988
	11,380	*	Korea Electric Power Corp		276,580
	10,510		Korea Exchange Bank		93,160
	1,370		Korea Gas Corp		46,327
	1,570		Korea Investment Holdings Co Ltd		62,090
	440		Korea Kumho Petrochemical		90,469
	6,940		Korea Life Insurance Co Ltd		49,169
	396		Korea Zinc Co Ltd		164,015
	1,097		Korean Air Lines Co Ltd		70,003
	2,070		KP Chemical Corp		50,336
	3,520		KT Corp		132,025
	4,762		KT&G Corp		296,298
	2,012		LG Chem Ltd		897,209
	413		LG Chem Ltd (Preference)		62,682
	4,068		LG Corp		304,080
	3,864		LG Electronics, Inc		294,423
	385		LG Household & Health Care Ltd		174,187
	266		LG Innotek Co Ltd		23,621
	8,530		LG Telecom Ltd		43,030
	9,750		LG.Philips LCD Co Ltd		250,867
	30		Lotte Confectionery Co Ltd		51,218
	414		Lotte Shopping Co Ltd		178,536
	745		LS Cable Ltd		77,315
	610		LS Industrial Systems Co Ltd		42,651
	343		Mando Corp		67,741
	939		Mirae Asset Securities Co Ltd		43,572
	628		NCsoft		193,245
	1,728	*	NHN Corp		343,991
	2,820		POSCO		1,245,522
	567		S1 Corp (Korea)		30,212
	1,828		Samsung Card Co		104,003
	5,409		Samsung Corp		430,205
	2,478		Samsung Electro-Mechanics Co Ltd		204,098
	4,735		Samsung Electronics Co Ltd		3,791,611

226

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	894		Samsung Electronics Co Ltd (Preference)	$	476,455
	1,305		Samsung Engineering Co Ltd		321,632
	1,510		Samsung Fire & Marine Insurance Co Ltd		341,574
	7,030		Samsung Heavy Industries Co Ltd		286,011
	2,130		Samsung Life Insurance Co Ltd		201,703
	1,425		Samsung SDI Co Ltd		229,630
	2,183		Samsung Securities Co Ltd		164,496
	1,544		Samsung Techwin Co Ltd		113,175
	1,091		Seoul Semiconductor Co Ltd		32,893
	18,176		Shinhan Financial Group Co Ltd		870,676
	336		Shinsegae Co Ltd		104,532
	581		SK C&C Co Ltd		76,835
	1,116		SK Corp		192,128
	2,644		SK Energy Co Ltd		545,099
	4,750		SK Networks Co Ltd		58,085
	526		SK Telecom Co Ltd		73,195
	4,000		SK Telecom Co Ltd (ADR)		63,680
	2,001		S-Oil Corp		282,933
	3,220		STX Pan Ocean Co Ltd		24,247
	1,890		Woongjin Coway Co Ltd		72,972
	15,260		Woori Finance Holdings Co Ltd		201,086
	3,660		Woori Investment & Securities Co Ltd		65,521
	306		Yuhan Corp		42,505
			TOTAL KOREA, REPUBLIC OF		25,500,285
MALAYSIA - 3.1%
	28,900		AirAsia BHD		38,229
	38,400		Alliance Financial Group BHD		48,008
	76,300		AMMB Holdings BHD		166,767
	10,200		Asiatic Development BHD		27,085
	95,600	*	Berjaya Corp BHD		38,257
	44,200		Berjaya Sports Toto BHD		65,570
	4,800		British American Tobacco Malaysia BHD		75,202
	211,600		Bumiputra-Commerce Holdings BHD		588,929
	13,400		Bursa Malaysia BHD		34,787
	12,800		Digi.Com BHD		130,027
	74,100		Gamuda BHD		92,152
	92,400		Genting BHD		336,380
	20,600		Hong Leong Bank BHD		92,531
	9,500		Hong Leong Credit BHD		41,918
	52,800		IJM Corp BHD		112,075
	149,500		IOI Corp BHD		259,355
	22,300		Kuala Lumpur Kepong BHD		163,252
	18,400		Lafarge Malayan Cement BHD		45,752
	145,800		Malayan Banking BHD		429,755
	13,200		Malaysia Airports Holdings BHD		28,864
	25,500	*	Malaysia Marine and Heavy Engineering Sdn Bhd		65,648
	89,000		Maxis BHD		164,813
	40,900		MISC BHD		102,501
	33,200		MMC Corp BHD		30,117
	13,231		Parkson Holdings BHD		25,947
	90,300	*	Petronas Chemicals Group BHD		208,282

227

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	12,800		Petronas Dagangan BHD	$	76,938
	33,400		Petronas Gas BHD		151,507
	59,600		PLUS Expressways BHD		87,413
	22,700		PPB Group BHD		132,774
	46,600		Public Bank BHD (Foreign)		210,695
	132,800		Resorts World BHD		163,114
	25,000		RHB Capital BHD		76,702
	118,800		Sime Darby BHD		366,068
	23,250		SP Setia BHD		30,540
	42,500		Telekom Malaysia BHD		57,994
	122,950		Tenaga Nasional BHD		253,839
	113,700		TM International BHD		195,209
	20,000	*	UEM Land Holdings BHD		17,501
	22,500		UMW Holdings BHD		56,010
	164,900		YTL Corp BHD		77,684
	112,800		YTL Power International BHD		74,410
			TOTAL MALAYSIA		5,440,601
MEXICO - 4.4%
	13,295		Alfa S.A. de C.V. (Class A)		195,461
	1,682,070		America Movil S.A. de C.V. (Series L)		2,166,843
	418,134	*	Cemex S.A. de C.V.		294,257
	12,460		Coca-Cola Femsa S.A. de C.V.		120,329
	49,986		Compartamos SAB de C.V.		89,902
	17,725		Embotelladoras Arca SAB de C.V.		97,117
	85,337		Fomento Economico Mexicano S.A. de C.V.		616,619
	19,528		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		80,027
	73,020		Grupo Bimbo S.A. de C.V. (Series A)		175,686
	27,398		Grupo Carso S.A. de C.V. (Series A1)		77,148
	2,755		Grupo Elektra S.A. de C.V.		200,671
	71,587		Grupo Financiero Banorte S.A. de C.V.		312,823
	41,766		Grupo Financiero Inbursa S.A.		197,349
	167,402		Grupo Mexico S.A. de C.V. (Series B)		616,562
	29,252		Grupo Modelo S.A. (Series C)		180,462
	98,326		Grupo Televisa S.A.		437,375
	6,317		Industrias Penoles S.A. de C.V.		272,431
	21,614		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		135,165
	33,060		Mexichem SAB de C.V.		142,636
	30,740	*	Minera Frisco SAB de C.V.		154,050
	7,676		Southern Copper Corp (NY)		262,212
	228,447	*	Telefonos de Mexico S.A. de C.V. (Series L)		184,707
	16,222	*	Urbi Desarrollos Urbanos S.A. de C.V		35,727
	272,189		Wal-Mart de Mexico S.A. de C.V. (Series V)		750,895
			TOTAL MEXICO		7,796,454
MOROCCO - 0.1%
	875		Attijariwafa Bank		39,189
	2,891		Douja Promotion Groupe Addoha S.A.		33,929
	7,564		Maroc Telecom		132,581
			TOTAL MOROCCO		205,699

228

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
PERU - 0.3%
	8,422		Cia de Minas Buenaventura S.A. (ADR) (Series B)	$	344,797
	2,672		Credicorp Ltd (NY)		261,054
			TOTAL PERU		605,851
PHILIPPINES - 0.5%
	76,900		Aboitiz Equity Ventures Inc		76,465
	92,000		Aboitiz Power Corp		70,919
	204,100		Alliance Global Group, Inc		56,088
	8,028		Ayala Corp		62,106
	147,300		Ayala Land, Inc		58,857
	24,240		Banco de Oro Universal Bank		36,783
	43,404		Bank of the Philippine Islands		61,496
	730		Globe Telecom, Inc		16,607
	18,480		Jollibee Foods Corp		38,138
	13,720		Manila Electric Co		90,814
	28,751		Metropolitan Bank & Trust		52,474
	1,975		Philippine Long Distance Telephone Co		112,023
	375,400		PNOC Energy Development Corp		60,508
	7,699		SM Investments Corp		99,225
	156,400		SM Prime Holdings		42,823
			TOTAL PHILIPPINES		935,326
POLAND - 1.5%
	2,499		Asseco Poland S.A.		42,848
	889		Bank Handlowy w Warszawie S.A.		26,254
	8,529		Bank Millennium S.A.		16,305
	4,945		Bank Pekao S.A.		282,666
	525	*	BRE Bank S.A.		59,907
	2,687		Cyfrowy Polsat S.A.		15,548
	6,209		Enea S.A.		41,987
	10,896	*	Getin Holding S.A.		44,281
	2,924	*	Globe Trade Centre S.A.		17,289
	3,502	*	Grupa Lotos S.A.		47,987
	6,123		KGHM Polska Miedz S.A.		419,069
	83,374		Polish Oil & Gas Co		127,051
	29,165		Polska Grupa Energetyczna S.A.		242,994
	14,268	*	Polski Koncern Naftowy Orlen S.A.		239,149
	26,524		Powszechna Kasa Oszczednosci Bank Polski S.A.		390,929
	2,104		Powszechny Zaklad Ubezpieczen S.A.		286,114
	30,064		Synthos S.A.		61,985
	51,171		Tauron Polska Energia S.A.		118,421
	29,400		Telekomunikacja Polska S.A.		184,023
	3,952		TVN S.A.		23,950
			TOTAL POLAND		2,688,757
RUSSIA - 6.7%
	4,439	f	AFK Sistema (GDR) (purchased 8/31/10, cost $113,148)		109,865
	405	*,f	Evraz Group S.A. (GDR) (purchased 6/21/11, cost $12,880)		13,486
	228,890		Gazprom (ADR)		3,275,339
	554		Gazpromneft OAO (ADR)		13,942
	5,812	f	Gold Wheaton Gold Corp (GDR) (purchased 5/31/11, cost $48,778)		43,881
	22,055		LUKOIL (ADR)		1,466,621

229

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	9,845	f	Magnit OAO (GDR) (purchased 8/31/10, cost $225,297)	$	302,096
	6,634		Mechel Steel Group OAO (ADR)		165,054
	25,065		MMC Norilsk Nickel (ADR)		667,886
	22,819		Mobile TeleSystems (ADR)		428,541
	1,157	*,f	NOMOS-BANK (GDR) (purchased 5/31/11, cost $19,675)		21,347
	3,995	f	NovaTek OAO (GDR) (purchased 8/31/10, cost $346,243)		619,890
	3,756	f	Novolipetsk Steel (GDR) (purchased 8/31/10, cost $121,111)		140,028
	341	*,f	Pharmstandard (GDR) (purchased 6/21/11, cost $8,633)		7,896
	7,380	*,f	Polymetal (GDR) (purchased 8/31/10, cost $114,837)		153,135
	420		Polyus Gold Co (ADR) (London)		12,298
	69,938	f	Rosneft Oil Co (GDR) (purchsed 8/31/10, cost $486,511)		593,535
	300		Rostelecom (ADR)		13,095
	51,008		RusHydro (ADR)		254,035
	100,799		Sberbank of Russian Federation (ADR)		1,488,800
	9,186	f	Severstal (GDR) (purchased 8/31/10, cost $124,175)		177,499
	46,791		Surgutneftegaz (ADR)		471,940
	9,581		Tatneft (GDR)		400,773
	3,034	f	TMK OAO (GDR) (purchased 8/31/10, cost $49,578)		53,287
	11,598	f	Uralkali (GDR) (purchased 8/31/10, cost $419,609)		567,538
	58,632	f	VTB Bank OJSC (GDR) (purchased 8/31/10, cost $351,438)		350,670
	488	*,f	X 5 Retail Group NV (GDR) (purchased 1/31/11, cost $18,509)		20,284
			TOTAL RUSSIA		11,832,761
SOUTH AFRICA - 7.2%
	12,551		ABSA Group Ltd		246,614
	32,225		African Bank Investments Ltd		162,281
	5,006		African Rainbow Minerals Ltd		141,256
	2,833		Anglo Platinum Ltd		242,142
	16,544		AngloGold Ashanti Ltd		693,807
	11,466		Aspen Pharmacare Holdings Ltd		142,725
	17,256		Aveng Ltd		92,387
	9,118		Barloworld Ltd		88,017
	13,888		Bidvest Group Ltd		325,915
	14,097		Discovery Holdings Ltd		82,550
	123,922		FirstRand Ltd		356,909
	7,615		Foschini Ltd		100,147
	31,795		Gold Fields Ltd		493,421
	56,328		Growthpoint Properties Ltd		155,081
	17,198		Harmony Gold Mining Co Ltd		232,757
	22,033		Impala Platinum Holdings Ltd		562,687
	7,236		Imperial Holdings Ltd		124,308
	9,599		Investec Ltd		77,328
	3,571		Kumba Iron Ore Ltd		271,871
	5,971		Kumba Resources Ltd		160,288
	5,493		Liberty Holdings Ltd		61,585
	36,548		Life Healthcare Group Holdings Pte Ltd		95,015
	4,773		Massmart Holdings Ltd		103,053
	50,080		Metropolitan Holdings Ltd		127,162
	6,691		Mittal Steel South Africa Ltd		68,767
	72,868		MTN Group Ltd		1,576,379
	16,513		Naspers Ltd (N Shares)		883,747
	8,345		Nedbank Group Ltd		175,224

230

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	46,012		Network Healthcare Holdings Ltd	$	100,037
	7,519		Northam Platinum Ltd		41,686
	8,495		Pick’n Pay Stores Ltd		52,047
	19,146		Pretoria Portland Cement Co Ltd		73,884
	79,060		Redefine Income Fund Ltd		95,780
	19,151		Remgro Ltd		317,299
	6,851		Reunert Ltd		60,893
	32,682		RMB Holdings Ltd		123,214
	39,193		RMI Holdings		72,779
	79,304		Sanlam Ltd		320,050
	21,312	*	Sappi Ltd		96,962
	23,601		Sasol Ltd		1,183,833
	18,348		Shoprite Holdings Ltd		285,140
	7,686		Spar Group Ltd		105,605
	51,114		Standard Bank Group Ltd		743,272
	47,984	*	Steinhoff International Holdings Ltd		167,362
	11,648		Telkom S.A. Ltd		62,292
	7,325		Tiger Brands Ltd		222,990
	16,703		Truworths International Ltd		180,901
	15,105		Vodacom Group Pty Ltd		192,254
	28,117		Woolworths Holdings Ltd		132,589
			TOTAL SOUTH AFRICA		12,474,292
TAIWAN - 10.8%
	108,000		Acer, Inc		149,839
	209,000		Advanced Semiconductor Engineering, Inc		225,853
	9,900		Advantech Co Ltd		33,459
	83,000		Asia Cement Corp		128,295
	30,500		Asustek Computer, Inc		245,455
	324,000		AU Optronics Corp		177,554
	38,760		Benq Corp		12,863
	56,000		Capital Securities Corp		28,164
	22,000		Catcher Technology Co Ltd		192,141
	289,680		Cathay Financial Holding Co Ltd		434,320
	183,120		Chang Hwa Commercial Bank		144,962
	52,000		Cheng Shin Rubber Industry Co Ltd		156,064
	13,000		Cheng Uei Precision Industry Co Ltd		39,263
	13,455		Chicony Electronics Co Ltd		25,785
	56,000		China Airlines		32,691
	407,000		China Development Financial Holding Corp		156,013
	65,662		China Life Insurance Co Ltd (Taiwan)		92,211
	11,000		China Motor Corp		12,817
	76,000	*	China Petrochemical Development Corp		118,310
	468,300		China Steel Corp		488,511
	397,000		Chinatrust Financial Holding Co		358,506
	149,000	*	Chunghwa Picture Tubes Ltd		17,792
	166,600		Chunghwa Telecom Co Ltd		577,424
	13,000		Clevo Co		25,342
	107,000	*	CMC Magnetics Corp		21,503
	190,000		Compal Electronics, Inc		246,479
	33,000		Coretronic Corp		38,856
	77,000		Delta Electronics, Inc		272,546

231

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	121,000		E.Sun Financial Holding Co Ltd	$	83,745
	32,000		Epistar Corp		75,115
	34,650		Eternal Chemical Co Ltd		36,618
	41,000	*	Eva Airways Corp		36,557
	9,000		Evergreen International Storage & Transport Corp		7,752
	63,000	*	Evergreen Marine Corp Tawain Ltd		43,220
	13,000		Everlight Electronics Co Ltd		27,990
	30,000		Far Eastern Department Stores Co Ltd		65,376
	128,000		Far Eastern Textile Co Ltd		205,365
	70,000		Far EasTone Telecommunications Co Ltd		115,752
	10,000		Farglory Land Development Co Ltd		24,561
	20,000		Feng Hsin Iron & Steel Co		36,985
	224,720		First Financial Holding Co Ltd		186,356
	126,000		Formosa Chemicals & Fibre Corp		456,496
	1,000		Formosa International Hotels Corp		16,784
	52,000		Formosa Petrochemical Corp		195,914
	174,000		Formosa Plastics Corp		655,184
	20,000		Formosa Taffeta Co Ltd		22,631
	29,000		Foxconn Technology Co Ltd		133,760
	219,000		Fubon Financial Holding Co Ltd		357,280
	277,000		Fuhwa Financial Holdings Co Ltd		198,044
	9,000		Giant Manufacturing Co Ltd		36,083
	148,000	*	HannStar Display Corp		18,560
	31,500		High Tech Computer Corp		937,045
	16,000		Highwealth Construction Corp		36,559
	8,240		Hiwin Technologies Corp		99,827
	388,300		Hon Hai Precision Industry Co, Ltd		1,107,373
	167,000		Hua Nan Financial Holdings Co Ltd		131,538
	214,000	*	InnoLux Display Corp		114,749
	63,000	*	Inotera Memories, Inc		17,164
	64,000		Inventec Co Ltd		31,396
	149,000		KGI Securities Co Ltd		84,158
	11,000		Kinsus Interconnect Technology Corp		45,437
	5,000		Largan Precision Co Ltd		168,365
	19,412		LEE Chang Yung Chem IND Corp		48,220
	91,000		Lite-On Technology Corp		118,992
	162,000		Macronix International		80,962
	40,000		MediaTek, Inc		358,291
	343,000		Mega Financial Holding Co Ltd		330,207
	12,649		Motech Industries, Inc		39,374
	16,513		MStar Semiconductor, Inc		82,485
	8,501		Nan Kang Rubber Tire Co Ltd		17,381
	207,000		Nan Ya Plastics Corp		572,644
	7,210		Nan Ya Printed Circuit Board Corp		24,226
	21,656	*	Nanya Technology Corp		5,030
	21,000		Novatek Microelectronics Corp Ltd		58,771
	73,000	*	Pegatron Technology Corp		83,923
	4,000		Phison Electronics Corp		20,088
	103,000		Polaris Securities Co Ltd		77,154
	69,000		Pou Chen Corp		61,647
	195,000	*	Powerchip Semiconductor Corp		25,387
	33,000		Powertech Technology, Inc		94,945

232

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	26,000		President Chain Store Corp	$	166,343
	35,000		Prime View International Co Ltd		72,671
	109,000		Quanta Computer, Inc		268,505
	14,000		Realtek Semiconductor Corp		25,556
	5,000		Richtek Technology Corp		31,742
	8,000		Ruentex Development Co Ltd		11,988
	10,000		Ruentex Industries Ltd		24,669
	262,934	*	Shin Kong Financial Holding Co Ltd		113,598
	125,000		Siliconware Precision Industries Co		124,558
	9,900		Simplo Technology Co Ltd		85,324
	15,000		Sino-American Silicon Products, Inc		44,694
	239,000		SinoPac Financial Holdings Co Ltd		103,569
	52,000		Synnex Technology International Corp		133,493
	19,000		Tainan Spinning Co Ltd		12,783
	210,790		Taishin Financial Holdings Co Ltd		112,589
	77,000	*	Taiwan Business Bank		29,500
	149,914		Taiwan Cement Corp		237,192
	152,000		Taiwan Cooperative Bank		124,295
	32,000		Taiwan Fertilizer Co Ltd		114,349
	45,100		Taiwan Glass Industrial Corp		69,937
	84,000		Taiwan Mobile Co Ltd		231,238
	1,060,000		Taiwan Semiconductor Manufacturing Co Ltd		2,634,257
	46,344	*	Tatung Co Ltd		23,770
	81,000		Teco Electric and Machinery Co Ltd		57,889
	4,000	*	TPK Holding Co Ltd		118,125
	6,000		Transcend Information, Inc		16,255
	16,000		Tripod Technology Corp		63,532
	26,400		TSRC Corp		71,530
	32,000		Tung Ho Steel Enterprise Corp		36,422
	18,000		U-Ming Marine Transport Corp		31,612
	54,000		Unimicron Technology Corp		96,073
	163,000		Uni-President Enterprises Corp		267,505
	549,000		United Microelectronics Corp		246,691
	22,000		Vanguard International Semiconductor Corp		10,837
	151,000	*	Walsin Lihwa Corp		71,855
	42,000	*	Wan Hai Lines Ltd		29,520
	121,000	*	Winbond Electronics Corp		32,363
	58,000	*	Wintek Corp		78,794
	80,000		Wistron Corp		134,702
	50,000		WPG Holdings Co Ltd		83,557
	67,000	*	Yang Ming Marine Transport		42,813
	3,299		Young Fast Optoelectronics Co Ltd		15,327
	33,000		Yulon Motor Co Ltd		86,335
			TOTAL TAIWAN		18,750,841
THAILAND - 1.8%
	31,900		Advanced Info Service PCL		123,351
	55,900		Bangkok Bank PCL (Foreign)		330,421
	53,300		Bank of Ayudhya PCL		50,002
	7,250		Banpu PCL		176,980
	36,900		BEC World PCL (Foreign)		50,752
	118,200		Charoen Pokphand Foods PCL		125,471

233

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	94,500		CP Seven Eleven PCL	$	156,480
	28,500		Glow Energy PCL		53,930
	34,200		Indorama Ventures PCL		50,069
	26,778		Indorama Ventures PCL (Foreign)		39,280
	495,000		IRPC PCL		95,075
	69,600		Kasikornbank PCL (Foreign)		330,352
	84,600		Krung Thai Bank PCL		58,882
	59,000		PTT Aromatics & Refining PCL		83,825
	29,200		PTT Chemical PCL		158,503
	51,600		PTT Exploration & Production PCL		317,266
	37,400		PTT PCL		433,457
	12,200		Siam Cement PCL (Foreign)		179,192
	59,800		Siam Commercial Bank PCL		252,785
	13,900		Thai Airways International PCL		13,185
	40,200		Thai Oil PCL		102,934
			TOTAL THAILAND		3,182,192
TURKEY - 1.2%
	50,398		Akbank TAS		219,085
	8,612		Anadolu Efes Biracilik Ve Malt Sanayii AS		113,682
	6,694		Arcelik AS		30,452
	17,642		Asya Katilim Bankasi AS		24,861
	3,576		BIM Birlesik Magazalar AS		121,715
	2,512		Coca-Cola Icecek AS		36,133
	23,562		Emlak Konut Gayrimenkul Yatiri		35,840
	14,979		Enka Insaat ve Sanayi AS		40,796
	26,054		Eregli Demir ve Celik Fabrikalari TAS		61,282
	27,080		Haci Omer Sabanci Holding AS		105,604
	27,015		KOC Holding AS		112,739
	4,299	*	TAV Havalimanlari Holding AS		20,936
	5,823		Tupras Turkiye Petrol Rafine		141,343
	9,711	*	Turk Hava Yollari		18,107
	11,547		Turk Sise ve Cam Fabrikalari AS		25,222
	22,418		Turk Telekomunikasyon AS		95,545
	31,140		Turkcell Iletisim Hizmet AS		160,002
	89,146		Turkiye Garanti Bankasi AS		391,178
	12,875		Turkiye Halk Bankasi AS		89,902
	68,350		Turkiye Is Bankasi (Series C)		195,061
	31,304		Turkiye Vakiflar Bankasi Tao		65,212
	35,227	*	Yapi ve Kredi Bankasi		83,589
			TOTAL TURKEY		2,188,286
UKRAINE - 0.0%
	2,015	*	Kernel Holding S.A.		53,083
			TOTAL UKRAINE		53,083
UNITED KINGDOM - 0.0%
	1,356	*,f	O’Key Group S.A. (GDR) (purchased 3/10/11, cost $15,062)		12,340
			TOTAL UNITED KINGDOM		12,340

234

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
UNITED STATES - 3.7%
	135,000		Vanguard Emerging Markets ETF	$	6,528,600
			TOTAL UNITED STATES		6,528,600
			TOTAL COMMON STOCKS		173,890,940
			(Cost $157,296,668)
PREFERRED STOCKS - 0.5%
BRAZIL - 0.5%
	31,007	*	Ambev Cia De Bebidas Das		915,505
			TOTAL BRAZIL		915,505
			TOTAL PREFERRED STOCKS		915,505
			(Cost $726,937)
			TOTAL INVESTMENTS - 99.5%		174,806,575
			(Cost $158,023,751)
			OTHER ASSETS & LIABILITIES, NET - 0.5%		890,884
			NET ASSETS - 100.0%	$	175,697,459
			Abbreviation(s):
			ADR   American Depositary Receipt
			ETF    Exchange Traded Fund
			GDR   Global Depositary Receipt
		*	Non-income producing.
		f	Restricted security. At 7/31/2011, the value of these securities amounted to $3,342,894 or 1.9% of net assets.
		m	Indicates a security that has been deemed illiquid.

235

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

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

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	47,858,341		27.2	%
MATERIALS		26,187,777		14.9
ENERGY		22,748,727		12.9
INFORMATION TECHNOLOGY		20,314,438		11.6
CONSUMER DISCRETIONARY		12,769,920		7.3
TELECOMMUNICATION SERVICES		12,603,489		7.2
INDUSTRIALS		12,469,560		7.1
CONSUMER STAPLES		11,861,298		6.8
UTILITIES		6,160,732		3.5
HEALTH CARE		1,832,293		1.0
OTHER ASSETS & LIABILITIES, NET		890,884		0.5
NET ASSETS	$	175,697,459		100.0	%

236

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.1%
AUSTRALIA - 8.4%
	21,553		AGL Energy Ltd	$	335,714
	298,442	*	Australia & New Zealand Banking Group Ltd		6,821,551
	161,787		BHP Billiton Ltd		7,397,799
	78,507		Caltex Australia Ltd		918,129
	41,734		Coca-Cola Amatil Ltd		518,383
	1,044		Cochlear Ltd		81,236
	38,881		Commonwealth Bank of Australia		2,102,499
	34,697		CSL Ltd		1,169,690
	58,268		John Fairfax Holdings Ltd		56,281
	75,681		National Australia Bank Ltd		1,992,619
	10,086		Oxiana Ltd		150,605
	204,423		QBE Insurance Group Ltd		3,678,926
	3,782		Ramsay Health Care Ltd		72,541
	68,311		Rio Tinto Ltd		5,984,892
	74,775		Santos Ltd		1,057,943
	138,549		Stockland Trust Group		464,003
	385,058		Suncorp-Metway Ltd		3,133,242
	641,895		Telstra Corp Ltd		2,105,586
	106,809		Westpac Banking Corp		2,391,455
	118,934		Woolworths Ltd		3,518,707
	30,597		WorleyParsons Ltd		924,524
			TOTAL AUSTRALIA		44,876,325
AUSTRIA - 0.3%
	46,298		OMV AG.		1,845,541
			TOTAL AUSTRIA		1,845,541
BELGIUM - 1.0%
	2,413		Belgacom S.A.		84,170
	4,785		Delhaize Group		344,603
	40,691		InBev NV		2,341,952
	70,118		KBC Groep NV		2,474,124
			TOTAL BELGIUM		5,244,849
DENMARK - 0.7%
	76		AP Moller - Maersk AS (Class A)		562,743
	108		AP Moller - Maersk AS (Class B)		827,498
	5,344		Carlsberg AS (Class B)		524,932
	13,103		Novo Nordisk AS (Class B)		1,602,771
	3,068		Pandora AS		87,930
	25,685	*	TDC AS		238,924
			TOTAL DENMARK		3,844,798

237

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
FINLAND - 1.1%
	21,500		Kesko Oyj (B Shares)	$	834,280
	42,165		Stora Enso Oyj (R Shares)		362,874
	180,825		UPM-Kymmene Oyj		2,817,867
	57,524		Wartsila Oyj (B Shares)		1,655,558
			TOTAL FINLAND		5,670,579
FRANCE - 9.6%
	295,901		AXA S.A.		5,536,005
	99,495		BNP Paribas		6,452,631
	28,469		Casino Guichard Perrachon S.A.		2,595,434
	32,424		Gaz de France		1,060,294
	5,748		Icade		661,913
	13,442		M6-Metropole Television		306,769
	652,354		Natixis		2,959,317
	103,300		Peugeot S.A.		3,915,832
	6,597		Publicis Groupe S.A.		335,481
	22,673		Safran S.A.		942,482
	101,078		Sanofi-Aventis		7,853,811
	65,654		SCOR		1,689,719
	8,682		Societe BIC S.A.		819,884
	153,418		Total S.A.		8,291,988
	33,615		Vinci S.A.		1,948,045
	222,866		Vivendi Universal S.A.		5,329,604
	5,059		Wendel		581,258
			TOTAL FRANCE		51,280,467
GERMANY - 8.7%
	40,875		Allianz AG.		5,326,622
	81,760		BASF AG.		7,383,841
	41,214		Bayerische Motoren Werke AG.		4,120,236
	46,409		DaimlerChrysler AG. (EUR)		3,364,445
	210,254		Deutsche Lufthansa AG.		4,232,831
	34,764		Hannover Rueckversicherung AG.		1,804,116
	439,508		Infineon Technologies AG.		4,410,054
	25,694	*	Kabel Deutschland Holding AG.		1,446,239
	1,807		Muenchener Rueckver AG.		266,660
	16,464		ProSiebenSat.1 Media AG.		424,745
	69,990		Siemens AG.		8,945,152
	23,255		Volkswagen AG.		4,249,975
	1,019		Wacker Chemie AG.		192,696
			TOTAL GERMANY		46,167,612
GREECE - 0.1%
	27,043		OPAP S.A.		448,604
			TOTAL GREECE		448,604
HONG KONG - 2.8%
	23,200		ASM Pacific Technology		254,461
	111,000		Cheung Kong Holdings Ltd		1,692,398
	103,500		CLP Holdings Ltd		957,177
	14,300		Hong Kong & China Gas Ltd		34,978
	142,000		Hong Kong Electric Holdings Ltd		1,175,172

238

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	73,500		Hopewell Holdings	$	237,884
	206,500		Kerry Properties Ltd		998,854
	536,498		Link Real Estate Investment Trust		1,874,620
	835,178		New World Development Ltd		1,228,400
	838,000		SJM Holdings Ltd		2,107,397
	192,000		Swire Pacific Ltd (Class A)		2,700,898
	135,700		Wharf Holdings Ltd		996,740
	118,000		Wheelock & Co Ltd		506,711
			TOTAL HONG KONG		14,765,690
IRELAND - 0.3%
	27,718		CRH plc		543,748
	14,990		Kerry Group plc (Class A)		619,142
	8,077		Shire Ltd		280,342
			TOTAL IRELAND		1,443,232
ISRAEL - 0.7%
	50,020		Bank Leumi Le-Israel		232,181
	107,319		Bezeq Israeli Telecommunication Corp Ltd		259,969
	366		Delek Group Ltd		81,577
	22,325		Israel Chemicals Ltd		375,362
	134		Israel Corp Ltd		145,354
	38,111		Mizrahi Tefahot Bank Ltd		400,450
	4,083		Partner Communications		58,572
	46,306		Teva Pharmaceutical Industries Ltd		2,160,010
			TOTAL ISRAEL		3,713,475
ITALY - 2.3%
	408,327		Banca Intesa S.p.A.		941,926
	592,883		Banca Intesa S.p.A. RSP		1,124,595
	1,009,240		Enel S.p.A.		5,812,557
	17,574		ENI S.p.A.		381,901
	53,670		Finmeccanica S.p.A.		411,816
	1,521,797		Telecom Italia RSP		1,636,527
	1,396,335		Telecom Italia S.p.A.		1,756,990
			TOTAL ITALY		12,066,312
JAPAN - 21.0%
	43,000		Aisin Seiki Co Ltd		1,650,047
	240,000		Asahi Glass Co Ltd		2,772,875
	61,000		Bridgestone Corp		1,517,412
	70,100		Brother Industries Ltd		1,093,541
	103,300		Canon, Inc		4,980,243
	24,000		Chiba Bank Ltd		152,096
	96,500		Chubu Electric Power Co, Inc		1,657,264
	17,000		Chugoku Bank Ltd		216,236
	9,300		Coca-Cola West Japan Co Ltd		186,041
	33,000		Daido Steel Co Ltd		233,956
	70,000	*	Daihatsu Motor Co Ltd		1,226,085
	4,200		Dena Co Ltd		209,126
	137,000		Denki Kagaku Kogyo KK		660,994
	51,300		Denso Corp		1,822,991

239

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	113,700		Eisai Co Ltd	$	4,614,804
	4,400	*	Fanuc Ltd		832,357
	112,000		Gunma Bank Ltd		595,334
	97,000		Hachijuni Bank Ltd		538,237
	887,000		Hitachi Ltd		5,469,645
	118,900		Honda Motor Co Ltd		4,717,468
	152		Inpex Holdings, Inc		1,179,901
	472,000		Ishikawajima-Harima Heavy Industries Co Ltd		1,271,797
	7,000		Iyo Bank Ltd		65,914
	395	*	Japan Retail Fund Investment Corp		615,897
	408		Jupiter Telecommunications Co		475,207
	588,000		Kajima Corp		1,827,128
	51,400		Kansai Electric Power Co, Inc		865,860
	621,000		Kawasaki Kisen Kaisha Ltd		2,032,273
	234		KDDI Corp		1,738,806
	61,600		Komatsu Ltd		1,923,051
	149,500		Kuraray Co Ltd		2,256,996
	23,300		Kyocera Corp		2,488,111
	122,000		Kyowa Hakko Kogyo Co Ltd		1,301,125
	27,000		Lawson, Inc		1,460,692
	242,000		Mitsubishi Chemical Holdings Corp		1,886,336
	117,600		Mitsubishi Corp		3,145,346
	127,000		Mitsubishi Electric Corp		1,499,621
	926,000	*	Mitsubishi Motors Corp		1,209,298
	1,422,100		Mitsubishi UFJ Financial Group, Inc		7,221,242
	7,240		Mitsubishi UFJ Lease & Finance Co Ltd		312,909
	160,800		Mitsui & Co Ltd		3,027,361
	551,000		Mitsui Chemicals, Inc		2,092,526
	436,000		Mitsui Trust Holdings, Inc		1,606,101
	56,300		Mizuho Financial Group, Inc		92,097
	11,000		NGK Spark Plug Co Ltd		155,277
	12,000		Nippon Meat Packers, Inc		166,958
	49,000		Nippon Telegraph & Telephone Corp		2,423,314
	458,000		Nippon Yusen Kabushiki Kaisha		1,676,934
	120,700		Nissan Motor Co Ltd		1,284,426
	26,500		Nissin Food Products Co Ltd		1,011,753
	23,800		Nitto Denko Corp		1,146,889
	66,000		NKSJ Holdings, Inc		435,490
	48,000		NTN Corp		289,852
	559		NTT DoCoMo, Inc		1,034,374
	3,400		Omron Corp		95,701
	116,000		Osaka Gas Co Ltd		459,292
	149	*	Rakuten, Inc		151,980
	422,300		Resona Holdings, Inc		2,092,739
	4,926	*	SBI Holdings, Inc		483,242
	45,200		Sega Sammy Holdings, Inc		971,572
	8,100		Seiko Epson Corp		137,461
	172,000		Sekisui Chemical Co Ltd		1,589,162
	107,900		Seven & I Holdings Co Ltd		3,076,736
	187,000		Shizuoka Bank Ltd		1,758,807
	91,500		Sony Financial Holdings, Inc		1,647,295
	167,400		Sumitomo Electric Industries Ltd		2,499,011

240

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	9,000		Sumitomo Heavy Industries Ltd	$	63,247
	30,000		Sumitomo Metal Mining Co Ltd		531,223
	33,400		Sumitomo Mitsui Financial Group, Inc		1,050,729
	53,700		Sumitomo Rubber Industries, Inc		697,092
	14,900		Suzuki Motor Corp		345,099
	20,100		Takeda Pharmaceutical Co Ltd		958,729
	84,300		Tohoku Electric Power Co, Inc		1,089,464
	2,200		Tokyo Electron Ltd		118,418
	79,000		TonenGeneral Sekiyu KK		992,264
	10,100		Toyota Industries Corp		329,184
	31,600	*	Toyota Motor Corp		1,290,038
	6,390		USS Co Ltd		508,582
	19,700		West Japan Railway Co		838,311
	26,320		Yamada Denki Co Ltd		2,107,310
	19,000		Yamaguchi Financial Group, Inc		193,934
			TOTAL JAPAN		112,444,236
KAZAKHSTAN - 0.1%
	37,531		Eurasian Natural Resources Corp		473,369
			TOTAL KAZAKHSTAN		473,369
MALAYSIA - 0.1%
	219,000	*	Genting International plc		344,988
			TOTAL MALAYSIA		344,988
NETHERLANDS - 5.0%
	38,292		ASML Holding NV		1,364,108
	74,483		DSM NV		4,223,078
	20,231		Heineken Holding NV		1,027,956
	138,133		Koninklijke Ahold NV		1,839,296
	174,749		Royal Dutch Shell plc (A Shares)		6,400,978
	242,374		Royal Dutch Shell plc (B Shares)		8,874,682
	198,825		Royal KPN NV		2,835,446
			TOTAL NETHERLANDS		26,565,544
NEW ZEALAND - 0.1%
	47,093		Fletcher Building Ltd		336,322
	47,154		Sky City Entertainment Group Ltd		152,372
			TOTAL NEW ZEALAND		488,694
NORWAY - 1.2%
	70,547		DNB NOR Holding ASA		1,025,902
	77,429		Gjensidige Forsikring BA		917,477
	69,120		SeaDrill Ltd		2,405,936
	3,423		Statoil ASA		84,366
	98,951		Telenor ASA		1,653,787
	9,374		Yara International ASA		535,444
			TOTAL NORWAY		6,622,912
PORTUGAL - 0.3%
	420,269		Energias de Portugal S.A.		1,460,071
			TOTAL PORTUGAL		1,460,071

241

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
SINGAPORE - 1.9%
	24,000		DBS Group Holdings Ltd	$	309,283
	2,091,000		Golden Agri-Resources Ltd		1,264,676
	23,000		Jardine Cycle & Carriage Ltd		922,883
	769,000		Neptune Orient Lines Ltd		917,736
	264,000		SembCorp Industries Ltd		1,109,777
	464,000		SembCorp Marine Ltd		2,074,668
	40,000		United Overseas Bank Ltd		678,418
	119,000		United Overseas Land Ltd		509,192
	1,801,000		Yangzijiang Shipbuilding		2,171,061
			TOTAL SINGAPORE		9,957,694
SPAIN - 3.7%
	315,075		Banco Santander Central Hispano S.A.		3,316,255
	309,423		Cintra Concesiones de Infraestructuras de Transporte S.A.		3,945,246
	485,554		Corp Mapfre S.A.		1,720,946
	578,241		Criteria Caixacorp S.A.		3,339,784
	4,855	*	Distribuidora Internacional de Alimentacion S.A.		20,580
	225,376		Gas Natural SDG S.A.		4,530,814
	8,573		Indra Sistemas S.A.		169,925
	73,653		Repsol YPF S.A.		2,322,874
	13,865		Telefonica S.A.		309,044
			TOTAL SPAIN		19,675,468
SWEDEN - 2.9%
	136,887		Atlas Copco AB (A Shares)		3,230,459
	209,983		Boliden AB		3,629,165
	40,231		Ericsson (LM) (B Shares)		505,328
	43,349		Industrivarden AB		647,357
	57,419		Kinnevik Investment AB (Series B)		1,321,912
	17,122		Skandinaviska Enskilda Banken AB (Class A)		130,306
	29,092		Swedish Match AB		1,081,888
	35,046		Tele2 AB (B Shares)		745,284
	275,278		Volvo AB (B Shares)		4,438,459
			TOTAL SWEDEN		15,730,158
SWITZERLAND - 8.5%
	20,542		Aryzta AG.		1,121,835
	17,861		Baloise Holding AG.		1,776,715
	67,531		Julius Baer Holding AG.		1,047,652
	228,411		Nestle S.A.		14,550,129
	172,775		Novartis AG.		10,591,467
	5,279		Pargesa Holding S.A.		467,502
	24,569		Roche Holding AG.		4,408,804
	236,080		STMicroelectronics NV		1,861,300
	11,749		Swiss Life Holding		1,744,557
	2,488		Swiss Re Ltd		140,072
	9,574		Swisscom AG.		4,608,232
	213		Syngenta AG.		67,805
	14,046	g	Synthes, Inc 144A		2,532,403

242

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	1,429		Zurich Financial Services AG.	$	339,819
			TOTAL SWITZERLAND		45,258,292
UNITED KINGDOM - 18.3%
	8,047		Admiral Group plc		204,119
	69,911		Aggreko plc		2,214,045
	148,256		AstraZeneca plc (ADR)		7,191,899
	296,134		Aviva plc		1,928,565
	405,263		BAE Systems plc		2,017,611
	214,331		Balfour Beatty plc		1,064,286
	1,027,253		Barclays plc		3,727,442
	50,112		BG Group plc		1,181,468
	197,605		BHP Billiton plc		7,381,541
	63,811		BP plc (ADR)		2,899,572
	180,376		British American Tobacco plc		8,326,382
	196,420		British Sky Broadcasting plc		2,295,587
	947,749		BT Group plc		3,117,603
	18,170		Bunzl plc		229,686
	213,025	*	Cairn Energy plc		1,287,821
	1,146		Carnival plc		39,598
	826,521		Centrica plc		4,149,249
	16,419		Cobham plc		54,729
	1,252		Delta Lloyd NV		27,360
	183,161		Diageo plc		3,725,655
	84,067		GlaxoSmithKline plc		1,874,285
	43,730		Hammerson plc		333,438
	121,274		Home Retail Group		269,580
	423,447		HSBC Holdings plc		4,128,321
	65,070		Intercontinental Hotels Group plc		1,283,995
	285,043	*	ITV plc		326,058
	212,633		J Sainsbury plc		1,058,823
	113,245		Kingfisher plc		467,690
	1,716,872		Legal & General Group plc		3,146,097
	89,103		Liberty International plc		544,523
	248,597		Marks & Spencer Group plc		1,408,772
	94,988		Petrofac Ltd		2,173,249
	395,369		Prudential plc		4,453,528
	33,802		Reckitt Benckiser Group plc		1,912,723
	418,500		Resolution Ltd		1,892,058
	123,029		Rio Tinto plc		8,684,463
	239,052		Sage Group plc		1,074,011
	41,859		Schroders plc		1,114,200
	26,501		Scottish & Southern Energy plc		567,819
	166,337		Segro plc		822,507
	55,668		Smith & Nephew plc		585,597
	124,069		Tesco plc		779,325
	29,135		Unilever plc		930,007
	182,443		Vodafone Group plc (ADR)		5,126,648
	4,388		Weir Group plc		152,288
			TOTAL UNITED KINGDOM		98,174,223

243

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES		COMPANY	VALUE
		TOTAL COMMON STOCKS	$	528,563,133
		(Cost $488,230,597)
		TOTAL INVESTMENTS - 99.1%		528,563,133
		(Cost $488,230,597)
		OTHER ASSETS & LIABILITIES, NET - 0.9%		4,663,875
		NET ASSETS - 100.0%	$	533,227,008
		Abbreviation(s):
		ADR   American Depositary Receipt
	*	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 July 31, 2011 the value of these securities amounted to $2,532,403 or 0.5% of net assets.

244

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

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

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	121,524,665		22.8	%
INDUSTRIALS		68,328,059		12.8
MATERIALS		59,495,145		11.2
CONSUMER DISCRETIONARY		55,753,291		10.4
CONSUMER STAPLES		54,838,888		10.3
HEALTH CARE		47,279,514		8.9
ENERGY		43,223,137		8.1
TELECOMMUNICATION SERVICES		29,733,276		5.6
INFORMATION TECHNOLOGY		24,231,433		4.5
UTILITIES		24,155,725		4.5
OTHER ASSETS & LIABILITIES, NET		4,663,875		0.9
NET ASSETS	$	533,227,008		100.0	%

245

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

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.0%
	2,907		Lear Corp	$	142,443
			TOTAL AUTOMOBILES & COMPONENTS		142,443
BANKS - 0.1%
	30,385		People’s United Financial, Inc		385,282
	20,000		Wells Fargo & Co		558,800
			TOTAL BANKS		944,082
CAPITAL GOODS - 9.4%
	6,153		3M Co		536,172
	5,203		Alliant Techsystems, Inc		339,392
	73,988		Ametek, Inc		3,144,490
	28,401	*	BE Aerospace, Inc		1,130,360
	1,289		Boeing Co		90,836
	24,735		Caterpillar, Inc		2,443,571
	3,441		Chicago Bridge & Iron Co NV		141,941
	13,554		Cooper Industries plc		709,010
	24,824		Cummins, Inc		2,603,541
	1,751		Deere & Co		137,471
	10,423		Donaldson Co, Inc		577,226
	93,395		Dover Corp		5,647,596
	3,188		Eaton Corp		152,865
	126,833		Emerson Electric Co		6,226,231
	86,809		Fluor Corp		5,514,976
	42,689		Gardner Denver, Inc		3,640,945
	2,789		Honeywell International, Inc		148,096
	71,600		Joy Global, Inc		6,724,671
	11,457		KBR, Inc		408,442
	11,832		Kennametal, Inc		466,536
	2,854		Lincoln Electric Holdings, Inc		97,664
	111,718		Lockheed Martin Corp		8,460,403
	36,398		Nordson Corp		1,857,390
	43		Pall Corp		2,132
	81,971		Parker Hannifin Corp		6,477,347
	33,980		Rockwell Automation, Inc		2,438,405
	83,829		Rockwell Collins, Inc		4,618,140
	14,936		Roper Industries, Inc		1,219,226
	12,223	*	Thomas & Betts Corp		596,238
	3,082		Timken Co		134,591
	21,550		Toro Co		1,160,037
	34,833		United Technologies Corp		2,885,566
	2,058		Valmont Industries, Inc		200,346
	32,796	*	WABCO Holdings, Inc		2,067,788
	9,267	*	WESCO International, Inc		469,744

246

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

SHARES			COMPANY	VALUE
	12,812		Westinghouse Air Brake Technologies Corp	$	826,630
			TOTAL CAPITAL GOODS		74,296,015
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	3,885		Avery Dennison Corp		122,572
	31,897		Dun & Bradstreet Corp		2,314,127
	889	*	FTI Consulting, Inc		32,262
	244	*	Stericycle, Inc		20,037
	13,841		Towers Watson & Co		846,377
	70,655	*	Verisk Analytics, Inc		2,352,812
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		5,688,187
CONSUMER DURABLES & APPAREL - 2.2%
	44,097		Harman International Industries, Inc		1,834,435
	84,639		Nike, Inc (Class B)		7,630,206
	13,249		Polaris Industries, Inc		1,570,669
	884		Polo Ralph Lauren Corp (Class A)		119,402
	5,967	*	Skullcandy, Inc		115,044
	22,634	*	Tempur-Pedic International, Inc		1,629,874
	69,890		Tupperware Corp		4,367,426
			TOTAL CONSUMER DURABLES & APPAREL		17,267,056
CONSUMER SERVICES - 2.7%
	25,254	*	Apollo Group, Inc (Class A)		1,283,661
	98,867		Brinker International, Inc		2,374,785
	14,838	*	Chipotle Mexican Grill, Inc (Class A)		4,816,119
	2,535		Choice Hotels International, Inc		77,292
	4,963		Darden Restaurants, Inc		252,120
	116,749		H&R Block, Inc		1,746,565
	91,820		Marriott International, Inc (Class A)		2,984,150
	43,199		McDonald’s Corp		3,735,850
	30,110	*	Panera Bread Co (Class A)		3,471,984
	3,344		Starbucks Corp		134,061
	3,900		Starwood Hotels & Resorts Worldwide, Inc		214,344
	1,200		Weight Watchers International, Inc		92,628
			TOTAL CONSUMER SERVICES		21,183,559
DIVERSIFIED FINANCIALS - 2.3%
	45,934	*	Affiliated Managers Group, Inc		4,792,294
	38,124		American Express Co		1,907,726
	9,752		BlackRock, Inc		1,740,342
	9,794		Discover Financial Services		250,824
	18,656		Franklin Resources, Inc		2,368,566
	9,961	*	Green Dot Corp		323,035
	3,852		Interactive Brokers Group, Inc (Class A)		58,319
	5,156		Janus Capital Group, Inc		43,517
	119,751		Moody’s Corp		4,264,333
	52,954		Waddell & Reed Financial, Inc (Class A)		1,943,412
			TOTAL DIVERSIFIED FINANCIALS		17,692,368

247

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

SHARES			COMPANY	VALUE
ENERGY - 12.2%
	5,411	*	Alpha Natural Resources, Inc	$	231,104
	87,081		Anadarko Petroleum Corp		7,189,407
	46,812		Apache Corp		5,791,581
	10,200		Arch Coal, Inc		261,120
	73,791		Chevron Corp		7,675,740
	29,304		Cimarex Energy Co		2,582,268
	1,484		ConocoPhillips		106,833
	48,155		Core Laboratories NV		5,233,485
	39,842		Diamond Offshore Drilling, Inc		2,702,483
	101,196	*	Dresser-Rand Group, Inc		5,405,890
	510,506		Exxon Mobil Corp		40,733,273
	1,844		Halliburton Co		100,922
	11,695		Helmerich & Payne, Inc		807,540
	14,017		Holly Corp		1,056,742
	2,000		Kinder Morgan, Inc		56,460
	4,312		Marathon Oil Corp		133,543
	3,706	*	Marathon Petroleum Corp		162,286
	36,313		Murphy Oil Corp		2,332,021
	21,911		Noble Energy, Inc		2,184,088
	70,105	*	Oceaneering International, Inc		3,028,536
	1,553	*	Oil States International, Inc		125,327
	3,150		Patterson-UTI Energy, Inc		102,470
	91,604		Schlumberger Ltd		8,278,254
	28,245	*	Superior Energy Services		1,171,885
			TOTAL ENERGY		97,453,258
FOOD & STAPLES RETAILING - 1.0%
	4,317	*	BJ’s Wholesale Club, Inc		217,361
	20,718		Costco Wholesale Corp		1,621,184
	49,901		Kroger Co		1,241,038
	72,399		Walgreen Co		2,826,456
	37,050		Wal-Mart Stores, Inc		1,952,905
	2,175		Whole Foods Market, Inc		145,073
			TOTAL FOOD & STAPLES RETAILING		8,004,017
FOOD, BEVERAGE & TOBACCO - 8.8%
	18,649		Altria Group, Inc		490,469
	18,455		Brown-Forman Corp (Class B)		1,357,550
	15,330		Campbell Soup Co		506,657
	135,395		Coca-Cola Co		9,208,213
	249,333		Coca-Cola Enterprises, Inc		7,008,751
	54,319		ConAgra Foods, Inc		1,391,110
	73,987		Corn Products International, Inc		3,765,198
	111,847		Dr Pepper Snapple Group, Inc		4,223,343
	63,487		Flowers Foods, Inc		1,391,635
	1,860		General Mills, Inc		69,471
	1,286	*	Hansen Natural Corp		98,533
	115,382		Hershey Co		6,512,160
	12,855		Hormel Foods Corp		372,409
	46,302		Mead Johnson Nutrition Co		3,304,574
	91,031		PepsiCo, Inc		5,829,625
	284,928		Philip Morris International, Inc		20,278,326

248

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

SHARES			COMPANY	VALUE
	18,857		Reynolds American, Inc	$	663,766
	172,071		Sara Lee Corp		3,288,277
			TOTAL FOOD, BEVERAGE & TOBACCO		69,760,067
HEALTH CARE EQUIPMENT & SERVICES - 5.4%
	36,529	*	Amerigroup Corp		2,009,095
	21,317		AmerisourceBergen Corp		816,654
	113,545		Baxter International, Inc		6,604,912
	58,649		Becton Dickinson & Co		4,903,642
	117,870		Cardinal Health, Inc		5,157,991
	39,356	*	Catalyst Health Solutions, Inc		2,578,999
	11,142		Cooper Cos, Inc		852,252
	60,306	*	Express Scripts, Inc		3,272,204
	7,133		Hill-Rom Holdings, Inc		265,990
	24,123	*	Idexx Laboratories, Inc		2,000,762
	8,000	*	Intuitive Surgical, Inc		3,204,399
	3,125		McKesson Corp		253,500
	66,901	*	Medco Health Solutions, Inc		4,206,735
	3,944		Medtronic, Inc		142,181
	26,266		Patterson Cos, Inc		810,043
	4,100	*	Sirona Dental Systems, Inc		207,378
	52,205		St. Jude Medical, Inc		2,427,533
	46,621	*	Varian Medical Systems, Inc		2,925,934
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		42,640,204
HOUSEHOLD & PERSONAL PRODUCTS - 2.2%
	125,882		Colgate-Palmolive Co		10,621,923
	35,527		Estee Lauder Cos (Class A)		3,727,138
	65,520		Herbalife Ltd		3,650,774
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		17,999,835
INSURANCE - 0.1%
	2,790		Axis Capital Holdings Ltd		88,917
	5,787		Erie Indemnity Co (Class A)		426,502
			TOTAL INSURANCE		515,419
MATERIALS - 6.4%
	15,772		Ball Corp		611,954
	49,929		CF Industries Holdings, Inc		7,754,972
	49,169		Cleveland-Cliffs, Inc		4,416,359
	18,221		Compass Minerals International, Inc		1,434,722
	2,828		Du Pont (E.I.) de Nemours & Co		145,416
	7,645		Eastman Chemical Co		738,431
	16,253		Ecolab, Inc		812,650
	134,235		Freeport-McMoRan Copper & Gold, Inc (Class B)		7,109,085
	40,556		Lubrizol Corp		5,458,838
	24,240		LyondellBasell Industries AF S.C.A		956,510
	86,021		Monsanto Co		6,320,823
	64,919	*	Mosaic Co		4,591,072
	58,631		PPG Industries, Inc		4,936,730
	51,222	*	Rockwood Holdings, Inc		3,097,394
	19,167		Scotts Miracle-Gro Co (Class A)		967,167

249

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

SHARES			COMPANY	VALUE
	14,800	*	Solutia, Inc	$	317,312
	11,366		Walter Energy, Inc		1,393,131
	3,300		Westlake Chemical Corp		170,775
			TOTAL MATERIALS		51,233,341
MEDIA - 2.1%
	4,100	*	AMC Networks, Inc		152,479
	49,401		Cablevision Systems Corp (Class A)		1,203,408
	23,797		CBS Corp (Class B)		651,324
	123,617	*	DIRECTV		6,264,910
	27,255		DISH Network Corp (Class A)		807,566
	736		Interpublic Group of Cos, Inc		7,220
	2,447	*	Madison Square Garden, Inc		64,846
	596		Scripps Networks Interactive (Class A)		27,619
	321,000	*	Sirius XM Radio, Inc		677,310
	148,439		Viacom, Inc (Class B)		7,187,415
			TOTAL MEDIA		17,044,097
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.6%
	168,675		Abbott Laboratories		8,656,401
	176,312	*	Agilent Technologies, Inc		7,433,314
	17,872	*	Biogen Idec, Inc		1,820,621
	67,835	*	Celgene Corp		4,022,616
	190,000		Eli Lilly & Co		7,277,000
	247,811	*	Gilead Sciences, Inc		10,497,273
	2,111		Johnson & Johnson		136,772
	1,508	*	Mettler-Toledo International, Inc		233,453
	77,325	*	Myriad Genetics, Inc		1,644,703
	5,311		PerkinElmer, Inc		129,907
	23,557	*	United Therapeutics Corp		1,351,701
	10,068	*	Waters Corp		884,877
	16,071	*	Watson Pharmaceuticals, Inc		1,078,846
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		45,167,484
REAL ESTATE - 1.2%
	73,974		Apartment Investment & Management Co (Class A)		2,019,490
	15,901		Camden Property Trust		1,066,480
	26,256		Digital Realty Trust, Inc		1,607,130
	20,169		Jones Lang LaSalle, Inc		1,716,785
	57,543		Rayonier, Inc		3,708,646
			TOTAL REAL ESTATE		10,118,531
RETAILING - 6.5%
	120		Aaron’s, Inc		3,025
	100,743		Advance Auto Parts, Inc		5,537,843
	12,775	*	Amazon.com, Inc		2,842,693
	26,096	*	Autozone, Inc		7,449,102
	94,840	*	Bed Bath & Beyond, Inc		5,547,192
	15,253	*	Big Lots, Inc		531,262
	66,361	*	Dick’s Sporting Goods, Inc		2,455,357
	13,500	*	Dollar Tree, Inc		894,105
	8,480	*	DSW, Inc (Class A)		449,270

250

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

SHARES			COMPANY	VALUE
	82,311		Expedia, Inc	$	2,608,436
	2,966		Home Depot, Inc		103,602
	25,002		Kohl’s Corp		1,367,859
	54,072		Macy’s, Inc		1,561,059
	3,912	*	NetFlix, Inc		1,040,553
	56,637	*	O’Reilly Automotive, Inc		3,369,902
	18,177	*	Priceline.com, Inc		9,772,864
	44,289		Ross Stores, Inc		3,355,778
	9,700	*	Sally Beauty Holdings, Inc		166,840
	44,813		Target Corp		2,307,421
	30,649		TJX Companies, Inc		1,694,890
	4,900	*	Ulta Salon Cosmetics & Fragrance, Inc		308,847
	3,601		Williams-Sonoma, Inc		133,309
			TOTAL RETAILING		53,501,209
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	153,501		Altera Corp		6,275,121
	74,558		Analog Devices, Inc		2,564,795
	126,500		Avago Technologies Ltd		4,254,195
	12,200		Cypress Semiconductor Corp		251,076
	6,848		Intel Corp		152,916
	154,012	*	Lam Research Corp		6,296,010
	965		Microchip Technology, Inc		32,569
	4,377	*	Novellus Systems, Inc		135,862
	9,317	*	Nvidia Corp		128,854
	1,109		Xilinx, Inc		35,599
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		20,126,997
SOFTWARE & SERVICES - 14.9%
	182,585		Accenture plc		10,798,077
	22,500	*	Alliance Data Systems Corp		2,212,650
	181,405	*	Autodesk, Inc		6,240,332
	13,200		Automatic Data Processing, Inc		679,668
	83,970	*	BMC Software, Inc		3,629,183
	44,269	*	Citrix Systems, Inc		3,189,139
	9,395		DST Systems, Inc		480,930
	6,467	*	Electronic Arts, Inc		143,891
	49,187	*	Fortinet, Inc		999,480
	37,492	*	Gartner, Inc		1,383,830
	54,639		Global Payments, Inc		2,590,435
	24,068	*	Google, Inc (Class A)		14,529,611
	3,705	*	IAC/InterActiveCorp		153,350
	104,957		International Business Machines Corp		19,086,430
	58,669	*	Intuit, Inc		2,739,842
	7,065		Lender Processing Services, Inc		133,034
	8,346		Mastercard, Inc (Class A)		2,530,925
	17,100	*	Micros Systems, Inc		837,387
	747,664		Microsoft Corp		20,485,995
	359,104		Oracle Corp		10,981,400
	39,600	*	SAIC, Inc		634,788
	36,653		Solera Holdings, Inc		2,048,170
	207,186	*	Symantec Corp		3,948,965

251

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

SHARES			COMPANY	VALUE
	35,773	*	Teradata Corp	$	1,966,084
	31,101	*	VMware, Inc (Class A)		3,120,674
	219,374		Western Union Co		4,258,049
	528	*	Zillow, Inc		17,012
			TOTAL SOFTWARE & SERVICES		119,819,331
TECHNOLOGY HARDWARE & EQUIPMENT - 9.8%
	127,560	*	Apple, Inc		49,809,629
	229,390	*	Dell, Inc		3,725,294
	3,231	*	EMC Corp		84,264
	6,102	*	F5 Networks, Inc		570,415
	47,803		Harris Corp		1,905,906
	1,947	*	IPG Photonics Corp		117,190
	64,540		Jabil Circuit, Inc		1,181,727
	104,877	*	NetApp, Inc		4,983,755
	115,822	*	QLogic Corp		1,757,020
	259,533		Qualcomm, Inc		14,217,217
	3,503	*	SanDisk Corp		148,983
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		78,501,400
TELECOMMUNICATION SERVICES - 1.5%
	6,100	*	American Tower Corp (Class A)		320,433
	154,373	*	MetroPCS Communications, Inc		2,513,192
	44,817	*	NII Holdings, Inc (Class B)		1,898,000
	212,979		Verizon Communications, Inc		7,516,029
			TOTAL TELECOMMUNICATION SERVICES		12,247,654
TRANSPORTATION - 2.2%
	17,454		CH Robinson Worldwide, Inc		1,262,099
	22,122		Copa Holdings S.A. (Class A)		1,451,425
	126,300		CSX Corp		3,103,191
	129,887		Expeditors International Washington, Inc		6,198,207
	8,500		FedEx Corp		738,480
	74,082		J.B. Hunt Transport Services, Inc		3,351,470
	1,500	*	Kansas City Southern Industries, Inc		89,025
	32,419		Landstar System, Inc		1,453,992
	17,773		Southwest Airlines Co		177,019
	2,059		Union Pacific Corp		211,006
	2,199		United Parcel Service, Inc (Class B)		152,215
			TOTAL TRANSPORTATION		18,188,129
UTILITIES - 0.0%
	500		National Fuel Gas Co		36,190
	300		Oneok, Inc		21,837
			TOTAL UTILITIES		58,027
			TOTAL COMMON STOCKS		799,592,710
			(Cost $679,295,061)
			TOTAL INVESTMENTS - 99.8%		799,592,710
			(Cost $679,295,061)
			OTHER ASSETS & LIABILITIES, NET - 0.2%		1,336,726
			NET ASSETS - 100.0%	$	800,929,436
		*	Non-income producing.

252

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

TIAA-CREF FUNDS

ENHANCED LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.1%
	25,670		Autoliv, Inc	$	1,698,327
	5,100	*	BorgWarner, Inc		406,062
	211,444	*	Ford Motor Co		2,581,731
	58,900		Johnson Controls, Inc		2,176,356
	19,800		Lear Corp		970,200
	19,305	*	TRW Automotive Holdings Corp		974,323
			TOTAL AUTOMOBILES & COMPONENTS		8,806,999
BANKS - 4.9%
	25,400		Commerce Bancshares, Inc		1,039,114
	143,980		East West Bancorp, Inc		2,672,269
	169,198		Fifth Third Bancorp		2,140,355
	36,000	*	First Republic Bank		1,019,520
	234,700		Huntington Bancshares, Inc		1,418,762
	204,039		Keycorp		1,640,474
	103,310		PNC Financial Services Group, Inc		5,608,699
	213,800		Regions Financial Corp		1,302,042
	14,400		SunTrust Banks, Inc		352,656
	721,738		Wells Fargo & Co		20,165,359
	57,360		Zions Bancorporation		1,256,184
			TOTAL BANKS		38,615,434
CAPITAL GOODS - 5.9%
	24,928		Carlisle Cos, Inc		1,077,637
	14,840		Chicago Bridge & Iron Co NV		612,150
	13,630		Crane Co		631,342
	16,180		Danaher Corp		794,600
	17,750		Dover Corp		1,073,343
	6,356		Fluor Corp		403,797
	14,550		Gardner Denver, Inc		1,240,970
	847,750		General Electric Co		15,183,202
	12,800		Goodrich Corp		1,217,792
	35,400		Harsco Corp		970,314
	21,103		Joy Global, Inc		1,981,993
	57,710		KBR, Inc		2,057,362
	36,608		L-3 Communications Holdings, Inc		2,896,424
	29,020		Lockheed Martin Corp		2,197,685
	19,600	*	Navistar International Corp		1,005,676
	45,960		Northrop Grumman Corp		2,781,039
	25,400	*	Owens Corning, Inc		903,732
	18,025		Parker Hannifin Corp		1,424,335
	6,000	*	Polypore International, Inc		408,000
	12,404		Raytheon Co		554,831
	44,514	*	Thomas & Betts Corp		2,171,393

253

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

SHARES			COMPANY	VALUE
	16,800		Timken Co	$	733,656
	69,110		Tyco International Ltd		3,060,882
	46,462	*	URS Corp		1,897,043
			TOTAL CAPITAL GOODS		47,279,198
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	14,400	*	Nielsen Holdings NV		431,424
	9,380	*	Stericycle, Inc		770,286
	11,800		Towers Watson & Co		721,570
	26,110	*	Verisk Analytics, Inc		869,463
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		2,792,743
CONSUMER DURABLES & APPAREL - 2.3%
	18,560		Coach, Inc		1,198,234
	62,440		DR Horton, Inc		741,787
	28,400		Fortune Brands, Inc		1,709,963
	49,943		Jarden Corp		1,547,734
	1,840	*	NVR, Inc		1,251,366
	13,980		Phillips-Van Heusen Corp		1,000,269
	4,000		Polaris Industries, Inc		474,200
	6,010		Polo Ralph Lauren Corp (Class A)		811,771
	154,300	*	Pulte Homes, Inc		1,060,041
	10,950	*	Tempur-Pedic International, Inc		788,510
	32,310	*	Toll Brothers, Inc		644,908
	20,590		Tupperware Corp		1,286,669
	20,308		VF Corp		2,371,974
	38,998		Whirlpool Corp		2,699,831
			TOTAL CONSUMER DURABLES & APPAREL		17,587,257
CONSUMER SERVICES - 0.9%
	9,000	*	Apollo Group, Inc (Class A)		457,470
	24,860	*	Career Education Corp		564,073
	37,800		Carnival Corp		1,258,740
	60,660		H&R Block, Inc		907,474
	4,000	*	Hyatt Hotels Corp		155,160
	9,980	*	ITT Educational Services, Inc		854,987
	22,000	*	Penn National Gaming, Inc		922,460
	42,398		Wyndham Worldwide Corp		1,466,547
			TOTAL CONSUMER SERVICES		6,586,911
DIVERSIFIED FINANCIALS - 9.6%
	61,000	*	American Capital Ltd		589,870
	676,650		Bank of America Corp		6,570,272
	9,994		BlackRock, Inc		1,783,529
	143,998		Capital One Financial Corp		6,883,104
	357,699		Citigroup, Inc		13,714,180
	118,991		Discover Financial Services		3,047,360
	81,991	*	E*Trade Financial Corp		1,302,017
	5,920		Franklin Resources, Inc		751,603
	74,560		Goldman Sachs Group, Inc		10,063,363
	11,000		iShares Russell 1000 Value Index Fund		721,600
	557,500		JPMorgan Chase & Co		22,550,874

254

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

SHARES			COMPANY	VALUE
	42,520		Morgan Stanley	$	946,070
	35,756		Raymond James Financial, Inc		1,135,611
	108,329		State Street Corp		4,492,404
			TOTAL DIVERSIFIED FINANCIALS		74,551,857
ENERGY - 13.4%
	27,560	*	Alpha Natural Resources, Inc		1,177,088
	34,550		Anadarko Petroleum Corp		2,852,448
	21,308	*	Atwood Oceanics, Inc		995,084
	36,900		Baker Hughes, Inc		2,855,322
	268,628		Chevron Corp		27,942,685
	8,381	*	Concho Resources, Inc		784,294
	189,000		ConocoPhillips		13,606,110
	11,380	*	Continental Resources, Inc		780,554
	7,390	*	Dresser-Rand Group, Inc		394,774
	43,759		El Paso Corp		899,247
	14,968		Ensco International plc (ADR)		797,046
	174,200		Exxon Mobil Corp		13,899,418
	15,864		Halliburton Co		868,237
	13,085		Helmerich & Payne, Inc		903,519
	46,600		Hess Corp		3,194,896
	160,380		Marathon Oil Corp		4,966,969
	60,190	*	Marathon Petroleum Corp		2,635,720
	57,660		National Oilwell Varco, Inc		4,645,665
	93,180		Occidental Petroleum Corp		9,148,412
	5,828	*	Oil States International, Inc		470,320
	29,340		Patterson-UTI Energy, Inc		954,430
	16,300		RPC, Inc		385,006
	21,489		SEACOR Holdings, Inc		2,156,636
	48,830	*	Tesoro Corp		1,186,081
	113,110		Valero Energy Corp		2,841,323
	15,200		W&T Offshore, Inc		411,920
	92,430		Williams Cos, Inc		2,930,031
			TOTAL ENERGY		104,683,235
FOOD & STAPLES RETAILING - 1.0%
	29,810		Costco Wholesale Corp		2,332,633
	47,530		CVS Corp		1,727,716
	48,980		Kroger Co		1,218,133
	117,183		Safeway, Inc		2,363,580
	58,350		Supervalu, Inc		501,810
			TOTAL FOOD & STAPLES RETAILING		8,143,872
FOOD, BEVERAGE & TOBACCO - 4.6%
	22,444		Archer Daniels Midland Co		681,849
	23,980		Bunge Ltd		1,650,064
	131,180		Coca-Cola Enterprises, Inc		3,687,470
	65,950		Corn Products International, Inc		3,356,195
	100,888		Dr Pepper Snapple Group, Inc		3,809,531
	36,375		Flowers Foods, Inc		797,340
	10,182	*	Hansen Natural Corp		780,145
	32,043		Hershey Co		1,808,507

255

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

SHARES			COMPANY	VALUE
	33,391		Hormel Foods Corp	$	967,337
	18,680		J.M. Smucker Co		1,455,546
	32,018		Lorillard, Inc		3,400,952
	29,980		Mead Johnson Nutrition Co		2,139,673
	79,108		Philip Morris International, Inc		5,630,116
	112,180	*	Smithfield Foods, Inc		2,470,204
	168,063		Tyson Foods, Inc (Class A)		2,951,185
			TOTAL FOOD, BEVERAGE & TOBACCO		35,586,114
HEALTH CARE EQUIPMENT & SERVICES - 4.6%
	20,000		Aetna, Inc		829,800
	38,750	*	Amerigroup Corp		2,131,250
	30,630		AmerisourceBergen Corp		1,173,435
	32,750		Baxter International, Inc		1,905,067
	54,047		Cardinal Health, Inc		2,365,097
	46,648		Cigna Corp		2,321,671
	23,993		Cooper Cos, Inc		1,835,225
	16,770	*	Coventry Health Care, Inc		536,640
	50,250		Covidien plc		2,552,197
	9,300		Dentsply International, Inc		352,377
	11,500	*	Gen-Probe, Inc		696,325
	66,600		Humana, Inc		4,967,028
	1,998	*	Intuitive Surgical, Inc		800,299
	9,300		McKesson Corp		754,416
	205,400		UnitedHealth Group, Inc		10,194,002
	32,000		WellPoint, Inc		2,161,600
	3,000	*	Zimmer Holdings, Inc		180,060
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		35,756,489
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%
	25,154		Clorox Co		1,800,775
	14,310		Colgate-Palmolive Co		1,207,478
	18,280	*	Energizer Holdings, Inc		1,474,099
	8,380		Estee Lauder Cos (Class A)		879,146
	184,440		Procter & Gamble Co		11,341,215
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		16,702,713
INSURANCE - 6.6%
	51,540		ACE Ltd		3,452,149
	38,013		Allied World Assurance Co Holdings Ltd		2,069,808
	126,668		American Financial Group, Inc		4,304,179
	38,310	*	Arch Capital Group Ltd		1,294,878
	64,780		Aspen Insurance Holdings Ltd		1,677,802
	126,631		Axis Capital Holdings Ltd		4,035,730
	101,400	*	Berkshire Hathaway, Inc (Class B)		7,520,838
	45,000		Chubb Corp		2,811,600
	33,100		Endurance Specialty Holdings Ltd		1,348,494
	51,000		Fidelity National Title Group, Inc (Class A)		831,300
	30,310		Lincoln National Corp		803,215
	14,400		Metlife, Inc		593,424
	34,381		PartnerRe Ltd		2,297,338
	116,180		Prudential Financial, Inc		6,817,442

256

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

SHARES			COMPANY	VALUE
	78,900		Reinsurance Group of America, Inc (Class A)	$	4,592,769
	8,100		RenaissanceRe Holdings Ltd		563,679
	29,776		Torchmark Corp		1,202,653
	51,000		UnumProvident Corp		1,243,890
	160,000		Validus Holdings Ltd		4,254,400
			TOTAL INSURANCE		51,715,588
MATERIALS - 3.3%
	24,398		Ashland, Inc		1,494,134
	9,940		Ball Corp		385,672
	24,958		Cabot Corp		975,858
	7,130		Celanese Corp (Series A)		393,077
	23,889		CF Industries Holdings, Inc		3,710,439
	12,269		Cleveland-Cliffs, Inc		1,102,002
	46,654		Domtar Corp		3,729,987
	3,750		Dow Chemical Co		130,763
	12,280		Eastman Chemical Co		1,186,125
	28,938		Freeport-McMoRan Copper & Gold, Inc (Class B)		1,532,556
	36,890		Huntsman Corp		704,599
	38,740		International Paper Co		1,150,578
	44,500		LyondellBasell Industries AF S.C.A		1,755,970
	56,600		MeadWestvaco Corp		1,762,524
	16,900	*	Mosaic Co		1,195,168
	7,510		Reliance Steel & Aluminum Co		353,045
	7,100	*	Rockwood Holdings, Inc		429,337
	22,800		Titanium Metals Corp		405,612
	19,111		Walter Energy, Inc		2,342,435
	9,600		Westlake Chemical Corp		496,800
	9,820	*	WR Grace & Co		495,321
			TOTAL MATERIALS		25,732,002
MEDIA - 3.1%
	118,258		CBS Corp (Class B)		3,236,721
	100,000		Comcast Corp (Class A)		2,402,000
	84,818	*	DIRECTV		4,298,575
	129,918		DISH Network Corp (Class A)		3,849,470
	43,398		McGraw-Hill Cos, Inc		1,805,357
	62,750		News Corp (Class A)		1,005,255
	20,889		Time Warner Cable, Inc		1,531,373
	35,900		Time Warner, Inc		1,262,244
	39,714		Viacom, Inc (Class B)		1,922,952
	43,980		Virgin Media, Inc		1,163,711
	39,685		Walt Disney Co		1,532,635
	1,500		Washington Post Co (Class B)		603,450
			TOTAL MEDIA		24,613,743
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
	90,940		Abbott Laboratories		4,667,041
	121,788	*	Amgen, Inc		6,661,803
	11,210	*	Biogen Idec, Inc		1,141,963
	22,310	*	Bruker BioSciences Corp		384,178
	119,942		Eli Lilly & Co		4,593,779

257

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

SHARES			COMPANY	VALUE
	19,800	*	Endo Pharmaceuticals Holdings, Inc	$	737,550
	136,133	*	Forest Laboratories, Inc		5,045,089
	45,750	*	Gilead Sciences, Inc		1,937,970
	18,619	*	Illumina, Inc		1,162,757
	124,920		Johnson & Johnson		8,093,567
	154,778		Merck & Co, Inc		5,282,573
	36,930	*	Mylan Laboratories, Inc		841,265
	40,496		PerkinElmer, Inc		990,532
	1,054,080		Pfizer, Inc		20,280,500
	13,900	*	Waters Corp		1,221,671
	30,100	*	Watson Pharmaceuticals, Inc		2,020,613
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		65,062,851
REAL ESTATE - 3.4%
	49,000		AMB Property Corp		1,745,870
	155,609		Annaly Capital Management, Inc		2,611,119
	12,968		AvalonBay Communities, Inc		1,740,176
	6,390		Boston Properties, Inc		686,030
	8,402		BRE Properties, Inc (Class A)		440,937
	8,100		Camden Property Trust		543,267
	6,180		Digital Realty Trust, Inc		378,278
	4,570		Essex Property Trust, Inc		641,445
	47,000		Hospitality Properties Trust		1,186,750
	33,900		HRPT Properties Trust		800,718
	1,080		Jones Lang LaSalle, Inc		91,930
	36,980		Public Storage, Inc		4,423,917
	29,218		Rayonier, Inc		1,883,100
	63,156		Senior Housing Properties Trust		1,511,955
	25,957		Simon Property Group, Inc		3,128,078
	8,380		SL Green Realty Corp		687,328
	18,826		Taubman Centers, Inc		1,127,677
	55,890		Ventas, Inc		3,025,326
			TOTAL REAL ESTATE		26,653,901
RETAILING - 2.8%
	18,000		Aaron’s, Inc		453,780
	17,608		Abercrombie & Fitch Co (Class A)		1,287,497
	78,000		Best Buy Co, Inc		2,152,800
	31,800		Chico’s FAS, Inc		479,862
	10,790		Dillard’s, Inc (Class A)		607,045
	11,900	*	Dollar Tree, Inc		788,137
	7,750	*	DSW, Inc (Class A)		410,595
	36,530		Expedia, Inc		1,157,636
	15,540		Family Dollar Stores, Inc		825,329
	88,000		Foot Locker, Inc		1,912,240
	183,933	*	GameStop Corp (Class A)		4,337,139
	86,680		Gap, Inc		1,672,057
	9,300		Guess ?, Inc		354,516
	83,868		Macy’s, Inc		2,421,270
	26,993		RadioShack Corp		375,743
	14,540	*	Sally Beauty Holdings, Inc		250,088
	27,488	*	Signet Jewelers Ltd		1,177,586

258

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

SHARES			COMPANY	VALUE
	8,550		Tiffany & Co	$	680,495
	6,200	*	Ulta Salon Cosmetics & Fragrance, Inc		390,786
			TOTAL RETAILING		21,734,601
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
	36,242		Applied Materials, Inc		446,501
	34,630	*	Fairchild Semiconductor International, Inc		519,796
	677,000		Intel Corp		15,117,411
	8,750	*	Lam Research Corp		357,700
	403,168	*	Micron Technology, Inc		2,971,348
	35,750	*	Novellus Systems, Inc		1,109,680
	79,800	*	Teradyne, Inc		1,076,502
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		21,598,938
SOFTWARE & SERVICES - 2.4%
	8,380	*	Alliance Data Systems Corp		824,089
	57,959	*	Amdocs Ltd		1,827,447
	71,000	*	AOL, Inc		1,219,780
	61,309		Computer Sciences Corp		2,162,982
	11,111		DST Systems, Inc		568,772
	19,000	*	Fortinet, Inc		386,080
	84,980	*	IAC/InterActiveCorp		3,517,322
	1,900		Mastercard, Inc (Class A)		576,175
	9,800	*	Rackspace Hosting, Inc		392,000
	8,800	*	Red Hat, Inc		370,304
	70,610	*	SAIC, Inc		1,131,878
	139,080	*	Symantec Corp		2,650,865
	100,086		Total System Services, Inc		1,862,600
	9,680	*	VeriFone Systems, Inc		381,102
	13,450		Visa, Inc (Class A)		1,150,513
			TOTAL SOFTWARE & SERVICES		19,021,909
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	10,810		Anixter International, Inc		674,760
	33,360	*	Arrow Electronics, Inc		1,159,260
	447,750		Cisco Systems, Inc		7,150,567
	42,000		Corning, Inc		668,220
	48,270	*	Dell, Inc		783,905
	26,863	*	EchoStar Corp (Class A)		898,836
	162,400		Hewlett-Packard Co		5,709,984
	46,400		Jabil Circuit, Inc		849,584
	90,900	*	Lexmark International, Inc (Class A)		3,051,513
	27,260		Qualcomm, Inc		1,493,303
	55,700	*	SanDisk Corp		2,368,921
	57,575		Seagate Technology, Inc		799,717
	193,366	*	Vishay Intertechnology, Inc		2,662,650
	139,933	*	Western Digital Corp		4,822,091
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		33,093,311
TELECOMMUNICATION SERVICES - 4.2%
	419,740		AT&T, Inc		12,281,592
	110,675		CenturyTel, Inc		4,107,149

259

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

SHARES			COMPANY	VALUE
	42,023	*	MetroPCS Communications, Inc	$	684,134
	640,020	*	Sprint Nextel Corp		2,707,285
	22,523		Telephone & Data Systems, Inc		638,752
	354,038		Verizon Communications, Inc		12,494,002
			TOTAL TELECOMMUNICATION SERVICES		32,912,914
TRANSPORTATION - 1.8%
	23,080		Copa Holdings S.A. (Class A)		1,514,279
	114,853		CSX Corp		2,821,938
	37,650	*	Delta Air Lines, Inc		297,059
	55,098	*	Hertz Global Holdings, Inc		775,229
	58,630	*	Kansas City Southern Industries, Inc		3,479,691
	8,943	*	Kirby Corp		521,556
	19,488		Ryder System, Inc		1,097,564
	93,980	*	UAL Corp		1,702,917
	2,300		Union Pacific Corp		235,704
	16,990		United Parcel Service, Inc (Class B)		1,176,048
			TOTAL TRANSPORTATION		13,621,985
UTILITIES - 6.2%
	37,750	*	AES Corp		464,703
	18,404		AGL Resources, Inc		750,883
	40,496		Alliant Energy Corp		1,595,947
	48,100		American Water Works Co, Inc		1,346,800
	87,460	*	Calpine Corp		1,421,225
	66,666		CMS Energy Corp		1,275,987
	66,900		Dominion Resources, Inc		3,241,305
	63,426		DTE Energy Co		3,161,152
	130,389		Exelon Corp		5,746,243
	100,800		FirstEnergy Corp		4,500,720
	17,762		MDU Resources Group, Inc		382,949
	32,770		NextEra Energy, Inc		1,810,543
	51,035		NiSource, Inc		1,027,335
	129,730		Northeast Utilities		4,410,820
	32,753		OGE Energy Corp		1,638,960
	14,880		Oneok, Inc		1,083,115
	61,244		Pepco Holdings, Inc		1,144,038
	39,049		Pinnacle West Capital Corp		1,653,725
	65,600		PPL Corp		1,830,240
	87,680		Progress Energy, Inc		4,098,163
	43,000		Questar Corp		792,490
	88,334		Southern Co		3,492,726
	41,000		Wisconsin Energy Corp		1,256,650
			TOTAL UTILITIES		48,126,719
			TOTAL COMMON STOCKS		780,981,284
			(Cost $690,206,100)
			TOTAL INVESTMENTS - 99.8%		780,981,284
			(Cost $690,206,100)
			OTHER ASSETS & LIABILITIES, NET - 0.2%		1,178,011
			NET ASSETS - 100.0%	$	782,159,295
			Abbreviation(s):
			ADR        American Depositary Receipt
		*	Non-income producing.

260

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2011

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.9%
AUTOMOBILES & COMPONENTS - 1.6%
	19,815	*	American Axle & Manufacturing Holdings, Inc	$	227,278
	11,758	*	BorgWarner, Inc		936,172
	567,302	*	Ford Motor Co		6,926,758
	1,482	*	Fuel Systems Solutions, Inc		31,478
	44,193		Harley-Davidson, Inc		1,917,534
	167,186		Johnson Controls, Inc		6,177,523
	8,602	*	Modine Manufacturing Co		128,256
	3,240		Spartan Motors, Inc		14,904
	11,051		Superior Industries International, Inc		223,672
	24,329	*	Tenneco, Inc		971,700
			TOTAL AUTOMOBILES & COMPONENTS		17,555,275
BANKS - 3.0%
	1,100		Associated Banc-Corp		15,015
	3,758		Bank of Hawaii Corp		168,396
	198,622		BB&T Corp		5,100,613
	640		Capitol Federal Financial		7,322
	10,844	*	Citizens Republic Bancorp, Inc		99,656
	28,880		Comerica, Inc		925,026
	397		Community Bank System, Inc		9,989
	139		Cullen/Frost Bankers, Inc		7,489
	276,675		Fifth Third Bancorp		3,499,939
	37,574		First Horizon National Corp		337,790
	574		First Niagara Financial Group, Inc		7,032
	49,116		Hudson City Bancorp, Inc		405,207
	228,856		Keycorp		1,840,002
	31,294		M&T Bank Corp		2,698,795
	1,341		MainSource Financial Group, Inc		12,391
	38,175		New York Community Bancorp, Inc		516,507
	3,640		Old National Bancorp		37,128
	5,242		People’s United Financial, Inc		66,469
	5,876	*	PMI Group, Inc		5,876
	112,432		PNC Financial Services Group, Inc		6,103,933
	434,096	*	Popular, Inc		1,041,830
	11,168		Provident Financial Services, Inc		154,788
	7,470		Radian Group, Inc		23,680
	234,559		Regions Financial Corp		1,428,464
	997		Susquehanna Bancshares, Inc		7,507
	5,180	*	SVB Financial Group		316,084
	429		TCF Financial Corp		5,457
	325,864		US Bancorp		8,492,016
	650		Webster Financial Corp		13,273
	3,075		Zions Bancorporation		67,343
			TOTAL BANKS		33,415,017

261

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
CAPITAL GOODS - 8.2%
	104,772		3M Co	$	9,129,832
	1,129		A.O. Smith Corp		46,820
	416		Actuant Corp (Class A)		10,279
	410	*	American Superconductor Corp		3,001
	93,928		Ametek, Inc		3,991,940
	1,565		Ampco-Pittsburgh Corp		40,768
	241		Apogee Enterprises, Inc		2,759
	286		Applied Industrial Technologies, Inc		9,129
	12,937	*	ArvinMeritor, Inc		174,650
	2,565	*	Astec Industries, Inc		96,239
	24,530		Barnes Group, Inc		597,306
	419	*	Beacon Roofing Supply, Inc		8,958
	6,140		Briggs & Stratton Corp		105,240
	96,094		Caterpillar, Inc		9,493,125
	218		Clarcor, Inc		9,605
	5,914		Cooper Industries plc		309,361
	49,734		Cummins, Inc		5,216,102
	143,919		Danaher Corp		7,067,862
	80,361		Deere & Co		6,309,142
	5,921		Dover Corp		358,043
	64,916		Eaton Corp		3,112,722
	345	*	EMCOR Group, Inc		9,632
	141,760		Emerson Electric Co		6,958,999
	5,541	*	Energy Recovery, Inc		17,011
	7,320		Fastenal Co		246,318
	8,284		Fluor Corp		526,283
	3,111	*	FuelCell Energy, Inc		4,138
	400		Gardner Denver, Inc		34,116
	267	*	General Cable Corp		10,619
	8,963	*	Gibraltar Industries, Inc		92,140
	14,563		Graco, Inc		639,753
	11,360	*	GrafTech International Ltd		218,794
	245		Granite Construction, Inc		5,728
	123,652		Illinois Tool Works, Inc		6,157,870
	13,342		Ingersoll-Rand plc		499,258
	376	*	Insituform Technologies, Inc (Class A)		7,539
	1,400		Insteel Industries, Inc		16,044
	1,785	*	Layne Christensen Co		52,318
	6,798		LB Foster Co (Class A)		236,231
	5,300		Lincoln Electric Holdings, Inc		181,366
	72,629		Masco Corp		766,236
	149	*	Middleby Corp		12,588
	179		MSC Industrial Direct Co (Class A)		11,059
	26,033	*	NCI Building Systems, Inc		293,913
	29,842		Nordson Corp		1,522,837
	30,294	*	Owens Corning, Inc		1,077,860
	54,293		Paccar, Inc		2,324,283
	9,806		Pall Corp		486,181
	7,988		Pentair, Inc		294,038
	5,179	*	Polypore International, Inc		352,172

262

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	39,758		Precision Castparts Corp	$	6,416,146
	7,710		Quanex Building Products Corp		120,816
	16,253	*	Quanta Services, Inc		301,006
	13,723		Rockwell Automation, Inc		984,762
	8,275		Roper Industries, Inc		675,488
	2,611	*	Rush Enterprises, Inc (Class A)		52,194
	305	*	Sauer-Danfoss, Inc		14,488
	22,236	*	Sensata Technologies Holding BV		788,933
	259		Simpson Manufacturing Co, Inc		7,330
	4,318		Snap-On, Inc		245,521
	41,100	*	Spirit Aerosystems Holdings, Inc (Class A)		842,139
	332		TAL International Group, Inc		10,272
	22,745		Tennant Co		973,713
	293		Timken Co		12,795
	14,580		Tredegar Corp		277,895
	356	*	Trex Co, Inc		7,504
	81,375		Tyco International Ltd		3,604,099
	25,268		W.W. Grainger, Inc		3,749,013
	9,004	*	WABCO Holdings, Inc		567,702
	145		Watsco, Inc		8,581
	3,845	*	WESCO International, Inc		194,903
	9,810		Westinghouse Air Brake Technologies Corp		632,941
			TOTAL CAPITAL GOODS		89,636,448
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	5,611	*	ACCO Brands Corp		48,086
	34,758		Avery Dennison Corp		1,096,615
	305		Brink’s Co		9,101
	1,050		Corporate Executive Board Co		42,683
	2,857		Deluxe Corp		67,254
	16,518		Dun & Bradstreet Corp		1,198,380
	1,540		Herman Miller, Inc		35,435
	5,092		HNI Corp		106,474
	14,151		Iron Mountain, Inc		447,596
	590		Knoll, Inc		10,768
	7,936		Manpower, Inc		400,927
	8,218		Pitney Bowes, Inc		177,098
	16,338		R.R. Donnelley & Sons Co		307,318
	27,049		Robert Half International, Inc		740,602
	10,180	*	Tetra Tech, Inc		223,960
	457		Viad Corp		9,474
	42,034		Waste Management, Inc		1,323,650
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		6,245,421
CONSUMER DURABLES & APPAREL - 1.5%
	536		American Greetings Corp (Class A)		11,883
	5,420		Callaway Golf Co		34,417
	38,658		Coach, Inc		2,495,760
	198		Columbia Sportswear Co		11,365
	570	*	Deckers Outdoor Corp		56,573
	228	*	Fossil, Inc		28,653
	258		Hasbro, Inc		10,206

263

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	549	*	Iconix Brand Group, Inc	$	12,808
	1,330		KB Home		11,292
	394	*	Maidenform Brands, Inc		10,185
	115,681		Mattel, Inc		3,084,056
	4,410		Movado Group, Inc		71,354
	80,788		Nike, Inc (Class B)		7,283,038
	4,874		Oxford Industries, Inc		190,963
	6,845		Phillips-Van Heusen Corp		489,760
	397		Pool Corp		10,620
	2,129	*	Tempur-Pedic International, Inc		153,309
	353	*	True Religion Apparel, Inc		11,893
	4,527		Tupperware Corp		282,892
	228	*	Under Armour, Inc (Class A)		16,737
	8,987		VF Corp		1,049,682
	193	*	Warnaco Group, Inc		10,287
	2,125		Whirlpool Corp		147,114
			TOTAL CONSUMER DURABLES & APPAREL		15,484,847
CONSUMER SERVICES - 2.4%
	9,927	*	AFC Enterprises		153,372
	339	*	BJ’s Restaurants, Inc		15,719
	1,289		Bob Evans Farms, Inc		44,522
	21,017		Choice Hotels International, Inc		640,808
	237	*	Coinstar, Inc		11,580
	25,696		Darden Restaurants, Inc		1,305,357
	179		DeVry, Inc		11,123
	320	*	DineEquity, Inc		16,672
	14,975	*	Gaylord Entertainment Co		439,367
	359	*	Jack in the Box, Inc		8,156
	63,747		Marriott International, Inc (Class A)		2,071,778
	150,701		McDonald’s Corp		13,032,623
	700	*	O’Charleys, Inc		4,263
	105	*	Panera Bread Co (Class A)		12,108
	258	*	Papa John’s International, Inc		8,052
	185		PF Chang’s China Bistro, Inc		6,092
	1,197	*	Ruby Tuesday, Inc		10,881
	5,658	*	Sonic Corp		60,541
	136,370		Starbucks Corp		5,467,073
	25,445		Starwood Hotels & Resorts Worldwide, Inc		1,398,457
	38		Strayer Education, Inc		4,623
	190		Vail Resorts, Inc		8,693
	1,435		Weight Watchers International, Inc		110,767
	12,711		Wyndham Worldwide Corp		439,673
	15,310		Yum! Brands, Inc		808,674
			TOTAL CONSUMER SERVICES		26,090,974
DIVERSIFIED FINANCIALS - 6.0%
	40,765	*	American Capital Ltd		394,198
	179,982		American Express Co		9,006,299
	37,438		Ameriprise Financial, Inc		2,025,396
	255,636		Bank of New York Mellon Corp		6,419,019
	26,219		BlackRock, Inc		4,679,043

264

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	118,595		Capital One Financial Corp	$	5,668,841
	317,651		Charles Schwab Corp		4,742,529
	12,252		CME Group, Inc		3,543,156
	133,277		Discover Financial Services		3,413,224
	6,758		Eaton Vance Corp		181,250
	11,480		Evercore Partners, Inc (Class A)		326,376
	52,821		Franklin Resources, Inc		6,706,153
	114		Greenhill & Co, Inc		5,021
	18,957	*	IntercontinentalExchange, Inc		2,337,398
	90,368		Invesco Ltd		2,004,362
	153	*	Investment Technology Group, Inc		1,862
	696		Janus Capital Group, Inc		5,874
	18,771		Legg Mason, Inc		552,243
	103,813	*	MF Global Holdings Ltd		765,102
	17,980	*	Nasdaq Stock Market, Inc		432,779
	26,217	*	NewStar Financial, Inc		278,949
	47,771		Northern Trust Corp		2,145,157
	57,164		NYSE Euronext		1,912,707
	1,600	*	PHH Corp		30,016
	2,496	*	Safeguard Scientifics, Inc		45,452
	21,129		SEI Investments Co		417,932
	108,502		State Street Corp		4,499,578
	58,825		T Rowe Price Group, Inc		3,341,260
			TOTAL DIVERSIFIED FINANCIALS		65,881,176
ENERGY - 10.5%
	1,809		Alon USA Energy, Inc		21,997
	70,809		Apache Corp		8,760,490
	44,634	*	ATP Oil & Gas Corp		646,747
	866	*	Atwood Oceanics, Inc		40,442
	541	*	Brigham Exploration Co		17,204
	25,308		Cabot Oil & Gas Corp		1,874,817
	44,304	*	Cameron International Corp		2,478,366
	4,990		CARBO Ceramics, Inc		778,789
	1,108	*	Carrizo Oil & Gas, Inc		42,547
	163,109		Chesapeake Energy Corp		5,602,794
	22,451		Cimarex Energy Co		1,978,382
	57,960	*	Clean Energy Fuels Corp		927,940
	10,309	*	Complete Production Services, Inc		400,814
	1,530	*	Concho Resources, Inc		143,177
	9,724	*	Contango Oil & Gas Co		613,390
	49,244		Crosstex Energy, Inc		718,962
	29,620	*	CVR Energy, Inc		795,297
	1,310	*	Dawson Geophysical Co		51,994
	91,665	*	Denbury Resources, Inc		1,770,968
	92,697	*	Devon Energy Corp		7,295,254
	45,852		Diamond Offshore Drilling, Inc		3,110,141
	277	*	Dresser-Rand Group, Inc		14,797
	189,975		El Paso Corp		3,903,986
	60,358		EOG Resources, Inc		6,156,516
	77,323		Equitable Resources, Inc		4,908,464
	1,665	*	Exterran Holdings, Inc		30,769

265

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	50,646	*	FMC Technologies, Inc	$	2,309,458
	36,272	*	Global Industries Ltd		186,075
	2,553	*	GMX Resources, Inc		12,382
	10,691	*	Goodrich Petroleum Corp		212,003
	3,462		Gulf Island Fabrication, Inc		119,785
	13,198	*	Gulfmark Offshore, Inc		643,271
	38,130	*	Hercules Offshore, Inc		179,211
	86,172		Hess Corp		5,907,952
	35,229	*	Hornbeck Offshore Services, Inc		980,775
	11,291	*	ION Geophysical Corp		114,491
	829	*	Key Energy Services, Inc		16,157
	533	*	Kinder Morgan Management LLC		32,675
	2,854		Lufkin Industries, Inc		232,544
	160,430		Marathon Oil Corp		4,968,517
	2,100	*	Matrix Service Co		29,274
	99,277		National Oilwell Varco, Inc		7,998,749
	30,309	*	Newfield Exploration Co		2,043,433
	25,616		Noble Corp		944,462
	63,743		Noble Energy, Inc		6,353,902
	2,860	*	Northern Oil And Gas, Inc		63,320
	4,748	*	Oceaneering International, Inc		205,114
	3,432	*	Oil States International, Inc		276,962
	766	*	OYO Geospace Corp		77,695
	27,011	*	Parker Drilling Co		171,250
	50,713	*	PetroHawk Energy Corp		1,936,729
	7,449	*	Petroleum Development Corp		270,548
	11,473	*	Petroquest Energy, Inc		93,275
	800	*	PHI, Inc		17,224
	18,930	*	Pioneer Drilling Co		307,991
	36,650		Pioneer Natural Resources Co		3,408,084
	61,741		Questar Market Resources, Inc		2,706,108
	23,105	*	Quicksilver Resources, Inc		326,936
	20,808		Range Resources Corp		1,355,849
	191,290	*	Rentech, Inc		179,851
	7,052	*	Rex Energy Corp		78,066
	2,753	*	Rosetta Resources, Inc		142,523
	8,601		RPC, Inc		203,156
	79		SEACOR Holdings, Inc		7,928
	47,858	*	Southwestern Energy Co		2,132,552
	234,557		Spectra Energy Corp		6,337,730
	19,136		St. Mary Land & Exploration Co		1,441,898
	10,373		Sunoco, Inc		421,662
	158		Tidewater, Inc		8,586
	26,105	*	Ultra Petroleum Corp		1,222,236
	8,293	*	Unit Corp		497,663
	185,132	*	Weatherford International Ltd		4,058,093
	70,619	*	Western Refining, Inc		1,442,746
	18,582	*	Whiting Petroleum Corp		1,088,905
			TOTAL ENERGY		116,850,840
FOOD & STAPLES RETAILING - 1.0%
	258		Casey’s General Stores, Inc		11,610

266

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	70,415		Kroger Co	$	1,751,221
	278		Ruddick Corp		11,648
	92,325		Safeway, Inc		1,862,195
	2,716		Spartan Stores, Inc		47,965
	201,632		Sysco Corp		6,167,923
	13,051		Whole Foods Market, Inc		870,502
			TOTAL FOOD & STAPLES RETAILING		10,723,064
FOOD, BEVERAGE & TOBACCO - 4.2%
	76,853		Campbell Soup Co		2,539,992
	17,580		ConAgra Foods, Inc		450,224
	201		Diamond Foods, Inc		14,390
	168,039		General Mills, Inc		6,276,256
	16,585	*	Green Mountain Coffee Roasters, Inc		1,724,011
	78,255		H.J. Heinz Co		4,119,342
	2,859	*	Hansen Natural Corp		219,057
	3,556		Hormel Foods Corp		103,017
	8,579		J.M. Smucker Co		668,476
	99,641		Kellogg Co		5,557,974
	261,384		Kraft Foods, Inc (Class A)		8,986,381
	1,730		Lancaster Colony Corp		104,025
	4,692		McCormick & Co, Inc		228,266
	196,553		PepsiCo, Inc		12,587,254
	221	*	Ralcorp Holdings, Inc		19,117
	129,779		Sara Lee Corp		2,480,077
	2,131		Tootsie Roll Industries, Inc		59,775
	177	*	TreeHouse Foods, Inc		9,140
			TOTAL FOOD, BEVERAGE & TOBACCO		46,146,774
HEALTH CARE EQUIPMENT & SERVICES - 3.9%
	107,656		Aetna, Inc		4,466,646
	1,661	*	Amsurg Corp		42,239
	130,679		Baxter International, Inc		7,601,598
	72,345		Becton Dickinson & Co		6,048,765
	8,354	*	Centene Corp		274,095
	2,060		Chemed Corp		125,269
	34,940		Cigna Corp		1,738,964
	613	*	Gen-Probe, Inc		37,117
	2,729	*	Greatbatch, Inc		68,007
	1,033	*	Health Management Associates, Inc (Class A)		9,814
	3,284	*	Henry Schein, Inc		218,255
	15,912		Hill-Rom Holdings, Inc		593,358
	150	*	HMS Holdings Corp		11,340
	18,517		Humana, Inc		1,380,998
	9,117	*	Idexx Laboratories, Inc		756,164
	670		Invacare Corp		20,087
	10,687	*	Inverness Medical Innovations, Inc		315,160
	6,396	*	Kinetic Concepts, Inc		428,148
	10,715	*	LifePoint Hospitals, Inc		397,527
	343	*	MedAssets, Inc		4,346
	44,887	*	Medco Health Solutions, Inc		2,822,494
	205,545		Medtronic, Inc		7,409,897

267

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	9,297	*	Molina Healthcare, Inc	$	210,577
	2,081	*	MWI Veterinary Supply, Inc		185,334
	1,845		Owens & Minor, Inc		56,273
	15,227		Patterson Cos, Inc		469,601
	4,996	*	Resmed, Inc		151,329
	9,210		STERIS Corp		322,258
	98,909		WellPoint, Inc		6,681,302
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		42,846,962
HOUSEHOLD & PERSONAL PRODUCTS - 3.1%
	56,452		Avon Products, Inc		1,480,736
	14,510		Clorox Co		1,038,771
	67,140		Colgate-Palmolive Co		5,665,273
	8,680		Estee Lauder Cos (Class A)		910,619
	21,690		Herbalife Ltd		1,208,567
	95,878		Kimberly-Clark Corp		6,266,586
	319		Nu Skin Enterprises, Inc (Class A)		11,975
	291,137		Procter & Gamble Co		17,902,014
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		34,484,541
INSURANCE - 5.6%
	62,750		ACE Ltd		4,202,995
	130,157		Aflac, Inc		5,995,031
	136	*	Alleghany Corp		44,800
	873		American Equity Investment Life Holding Co		10,363
	12,792	*	Arch Capital Group Ltd		432,370
	297		Arthur J. Gallagher & Co		8,352
	28,824		Aspen Insurance Holdings Ltd		746,542
	21,514		Assurant, Inc		766,329
	3,638		Axis Capital Holdings Ltd		115,943
	189,071	*	Berkshire Hathaway, Inc (Class B)		14,023,395
	96,863		Chubb Corp		6,052,000
	93,908		Cincinnati Financial Corp		2,566,506
	476		Employers Holdings, Inc		7,073
	11,040		Endurance Specialty Holdings Ltd		449,770
	1,474		Everest Re Group Ltd		121,045
	156,641	*	Genworth Financial, Inc (Class A)		1,303,253
	237		Harleysville Group, Inc		7,162
	77,707		Lincoln National Corp		2,059,236
	1,154	*	Markel Corp		462,085
	27,100		Montpelier Re Holdings Ltd		467,746
	16,911	*	National Financial Partners Corp		191,602
	139	*	Navigators Group, Inc		6,552
	1,464		PartnerRe Ltd		97,824
	118,991	*	Phoenix Cos, Inc		285,578
	11,845		Platinum Underwriters Holdings Ltd		406,876
	73,956		Principal Financial Group		2,043,404
	139	*	ProAssurance Corp		9,681
	200,227		Progressive Corp		3,940,467
	7,015		Protective Life Corp		149,139
	107,023		Prudential Financial, Inc		6,280,109
	139		RLI Corp		8,778

268

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	179		Safety Insurance Group, Inc	$	7,267
	476		Selective Insurance Group, Inc		7,802
	941		Stancorp Financial Group, Inc		31,298
	112,432		Travelers Cos, Inc		6,198,375
	28,678		W.R. Berkley Corp		882,996
	46,734		XL Capital Ltd		958,982
			TOTAL INSURANCE		61,348,726
MATERIALS - 5.3%
	67,217		Air Products & Chemicals, Inc		5,964,164
	1,284		Airgas, Inc		88,211
	252,174		Alcoa, Inc		3,714,523
	15,360		Allegheny Technologies, Inc		893,798
	27,076	*	Allied Nevada Gold Corp		1,031,596
	28,043		AMCOL International Corp		859,798
	4,611		Aptargroup, Inc		235,392
	278		Arch Chemicals, Inc		13,099
	8,222		Ball Corp		319,014
	17,359		Bemis Co, Inc		548,544
	11,701		Buckeye Technologies, Inc		314,640
	413	*	Clearwater Paper Corp		31,239
	35,309		Cleveland-Cliffs, Inc		3,171,454
	33,587	*	Coeur d’Alene Mines Corp		916,589
	24,333		Commercial Metals Co		353,072
	2,065		Compass Minerals International, Inc		162,598
	2,331		Domtar Corp		186,363
	179		Eastman Chemical Co		17,290
	86,175		Ecolab, Inc		4,308,750
	1,010	*	Ferro Corp		13,150
	12,550	*	General Moly, Inc		57,354
	18,454		H.B. Fuller Co		421,858
	4,864		Innophos Holdings, Inc		234,445
	198		International Flavors & Fragrances, Inc		12,112
	55,514		International Paper Co		1,648,767
	26,366	*	Louisiana-Pacific Corp		204,337
	12,688		Lubrizol Corp		1,707,805
	106,272		LyondellBasell Industries AF S.C.A		4,193,493
	48,796		MeadWestvaco Corp		1,519,507
	5,449		Minerals Technologies, Inc		352,986
	9,880		Nalco Holding Co		349,258
	96,777		Nucor Corp		3,763,658
	6,890	*	Owens-Illinois, Inc		159,641
	70,195		Praxair, Inc		7,275,010
	274		Quaker Chemical Corp		11,108
	3,349		Rock-Tenn Co (Class A)		205,830
	33,885		Royal Gold, Inc		2,172,029
	11,005		Sealed Air Corp		236,938
	45,905		Sigma-Aldrich Corp		3,080,226
	23,174		Sonoco Products Co		742,726
	9,808	*	Stillwater Mining Co		150,062
	14,803		Titanium Metals Corp		263,345
	83,715		United States Steel Corp		3,347,763

269

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	10,589	*	US Gold Corp	$	67,240
	9,986		Valspar Corp		328,240
	23,832		Vulcan Materials Co		817,199
	1,674		Wausau Paper Corp		12,354
	60,730		Worthington Industries, Inc		1,273,508
			TOTAL MATERIALS		57,752,083
MEDIA - 1.8%
	274		Arbitron, Inc		10,719
	47,087		Cablevision Systems Corp (Class A)		1,147,039
	563		Cinemark Holdings, Inc		10,973
	92,858	*	Discovery Communications, Inc (Class A)		3,695,748
	12,428	*	Discovery Communications, Inc (Class C)		447,781
	10,572	*	DreamWorks Animation SKG, Inc (Class A)		231,104
	3,400	*	Fisher Communications, Inc		99,688
	2,205		John Wiley & Sons, Inc (Class A)		110,382
	53,104	*	Journal Communications, Inc (Class A)		263,396
	63,781	*	Liberty Global, Inc (Class A)		2,666,046
	42,842	*	New York Times Co (Class A)		367,584
	90,906		Time Warner Cable, Inc		6,664,319
	8,612	*	Valassis Communications, Inc		230,802
	70,580		Virgin Media, Inc		1,867,547
	4,317		Washington Post Co (Class B)		1,736,729
			TOTAL MEDIA		19,549,857
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.6%
	208,712		Abbott Laboratories		10,711,100
	1,715	*	Affymetrix, Inc		9,690
	68,613	*	Agilent Technologies, Inc		2,892,723
	29,480	*	Akorn, Inc		204,296
	77,985		Allergan, Inc		6,340,960
	3,523	*	Amylin Pharmaceuticals, Inc		41,959
	27,110	*	Ariad Pharmaceuticals, Inc		322,338
	3,100	*	Auxilium Pharmaceuticals, Inc		58,094
	67,035	*	Biogen Idec, Inc		6,828,855
	310,213		Bristol-Myers Squibb Co		8,890,705
	11,376	*	Cepheid, Inc		429,558
	26,572	*	Endo Pharmaceuticals Holdings, Inc		989,807
	6,371	*	Geron Corp		24,528
	197,989	*	Gilead Sciences, Inc		8,386,815
	23,378	*	Incyte Corp		407,712
	285,937		Johnson & Johnson		18,525,858
	28,564	*	Life Technologies Corp		1,286,237
	372,296		Merck & Co, Inc		12,706,462
	53,459	*	Nektar Therapeutics		344,276
	14,378	*	Neurocrine Biosciences, Inc		111,142
	35,086		PDL BioPharma, Inc		217,182
	9,557	*	Pharmasset, Inc		1,160,029
	15,231	*	Pozen, Inc		67,778
	3,084	*	Progenics Pharmaceuticals, Inc		16,839
	16,772	*	Salix Pharmaceuticals Ltd		650,418
	2,884	*	Sangamo Biosciences, Inc		15,631

270

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	7,948	*	SIGA Technologies, Inc	$	60,484
	8,040	*	Synta Pharmaceuticals Corp		37,547
	1,787		Techne Corp		135,437
	540	*	Theravance, Inc		11,545
	2,460	*	United Therapeutics Corp		141,155
	18,796	*	Vivus, Inc		154,315
	14,277	*	Waters Corp		1,254,806
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		83,436,281
REAL ESTATE - 3.0%
	64,368		AMB Property Corp		2,293,432
	297		American Campus Communities, Inc		11,054
	270,900		Annaly Capital Management, Inc		4,545,702
	21,043		Boston Properties, Inc		2,259,176
	30,324	*	CB Richard Ellis Group, Inc (Class A)		661,063
	5,489		Digital Realty Trust, Inc		335,982
	551		Douglas Emmett, Inc		11,020
	40,397		Duke Realty Corp		567,174
	515		Equity One, Inc		9,991
	2,391		Federal Realty Investment Trust		208,830
	61,749	*	First Industrial Realty Trust, Inc		731,726
	1,693	*	Forest City Enterprises, Inc (Class A)		30,491
	131,944		General Growth Properties, Inc		2,217,979
	92,465		HCP, Inc		3,396,239
	15,932		Health Care REIT, Inc		840,891
	132,334		Host Marriott Corp		2,097,494
	428		Jones Lang LaSalle, Inc		36,431
	266		Kilroy Realty Corp		10,262
	373		LaSalle Hotel Properties		9,329
	9,816		Liberty Property Trust		333,351
	8,198		Macerich Co		435,560
	873		Medical Properties Trust, Inc		10,266
	3,160		Mid-America Apartment Communities, Inc		223,696
	1,000		Post Properties, Inc		42,400
	64,892		RAIT Investment Trust		360,800
	2,610		Regency Centers Corp		117,241
	61,222		Simon Property Group, Inc		7,377,863
	8,260		Ventas, Inc		447,114
	29,869		Vornado Realty Trust		2,794,245
	297		Washington Real Estate Investment Trust		9,510
			TOTAL REAL ESTATE		32,426,312
RETAILING - 4.3%
	312		Aaron’s, Inc		7,866
	533		Advance Auto Parts, Inc		29,299
	19,095		American Eagle Outfitters, Inc		250,908
	2,243	*	Ann Taylor Stores Corp		58,183
	10,368	*	Autozone, Inc		2,959,546
	38,896	*	Bed Bath & Beyond, Inc		2,275,027
	67,690		Best Buy Co, Inc		1,868,244
	3,320		Bon-Ton Stores, Inc		33,698
	12,064	*	Carmax, Inc		385,686

271

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	10,669		Chico’s FAS, Inc	$	160,995
	658	*	Coldwater Creek, Inc		829
	11,616		Foot Locker, Inc		252,416
	7,232	*	GameStop Corp (Class A)		170,531
	108,051		Gap, Inc		2,084,304
	63,424		Genuine Parts Co		3,371,620
	7,844	*	HSN, Inc		256,420
	29,474		JC Penney Co, Inc		906,620
	68,187		Kohl’s Corp		3,730,511
	93,015	*	Liberty Media Holding Corp (Interactive A)		1,526,376
	56,518		Limited Brands, Inc		2,139,771
	495	*	LKQ Corp		12,162
	279,333		Lowe’s Cos, Inc		6,028,005
	23,550		Macy’s, Inc		679,889
	300		Men’s Wearhouse, Inc		9,837
	21,932		Nordstrom, Inc		1,100,109
	15,969	*	Office Depot, Inc		60,363
	14,576	*	Orbitz Worldwide, Inc		47,518
	158	*	O’Reilly Automotive, Inc		9,401
	1,840	*	Overstock.com, Inc		23,350
	7,030		Petsmart, Inc		302,431
	1,869	*	Pier 1 Imports, Inc		20,540
	5,787		RadioShack Corp		80,555
	1,038	*	Sally Beauty Holdings, Inc		17,854
	133,752		Staples, Inc		2,148,057
	2,017		Stein Mart, Inc		19,162
	162,714		Target Corp		8,378,143
	8,791		Tiffany & Co		699,676
	92,445		TJX Companies, Inc		5,112,208
	240		Tractor Supply Co		15,821
	361	*	Ulta Salon Cosmetics & Fragrance, Inc		22,754
	2,615		Williams-Sonoma, Inc		96,807
			TOTAL RETAILING		47,353,492
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%
	16,723	*	Advanced Energy Industries, Inc		177,431
	158,352	*	Advanced Micro Devices, Inc		1,162,304
	20,371		Analog Devices, Inc		700,762
	439,845		Applied Materials, Inc		5,418,890
	1,470	*	Cabot Microelectronics Corp		56,874
	23,149	*	Entegris, Inc		198,387
	625,526		Intel Corp		13,967,997
	622	*	IXYS Corp		8,484
	13,560	*	Lattice Semiconductor Corp		84,072
	8,564	*	LTX-Credence Corp		61,575
	761		Micrel, Inc		7,724
	1,976		MKS Instruments, Inc		49,301
	104,952	*	Nvidia Corp		1,451,486
	104,492	*	ON Semiconductor Corp		908,035
	258		Power Integrations, Inc		9,156
	11,334	*	RF Micro Devices, Inc		76,505
	1,398	*	Rudolph Technologies, Inc		12,009

272

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	4,222	*	Sigma Designs, Inc	$	36,098
	13,357	*	Skyworks Solutions, Inc		338,066
	21,291	*	Sunpower Corp (Class A)		417,942
	7,311	*	Sunpower Corp (Class B)		110,835
	2,198	*	Teradyne, Inc		29,651
	240,022		Texas Instruments, Inc		7,140,655
	2,380	*	Ultratech, Inc		62,713
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		32,486,952
SOFTWARE & SERVICES - 8.4%
	141,853		Accenture plc		8,389,186
	102,976	*	Adobe Systems, Inc		2,854,495
	328	*	Advent Software, Inc		7,619
	914	*	Ansys, Inc		46,248
	33,665	*	Autodesk, Inc		1,158,076
	1,800	*	Blackboard, Inc		78,408
	24,030		Broadridge Financial Solutions, Inc		554,132
	89,289		CA, Inc		1,991,145
	83,404	*	Cognizant Technology Solutions Corp (Class A)		5,827,437
	21,885	*	Compuware Corp		211,409
	717	*	Convergys Corp		8,919
	21,194		Earthlink, Inc		170,400
	5,833	*	Equinix, Inc		609,374
	114		Factset Research Systems, Inc		10,498
	2,950	*	Fortinet, Inc		59,944
	179		Global Payments, Inc		8,486
	27,343	*	Google, Inc (Class A)		16,506,695
	16,844	*	Informatica Corp		861,234
	125,638		International Business Machines Corp		22,847,271
	71,233	*	Intuit, Inc		3,326,581
	359	*	JDA Software Group, Inc		10,038
	4,498	*	Liquidity Services, Inc		108,762
	6,347		Marchex, Inc (Class B)		55,028
	2,845	*	NeuStar, Inc (Class A)		74,084
	22,052		NIC, Inc		281,604
	444,777		Oracle Corp		13,601,281
	37,652	*	Rackspace Hosting, Inc		1,506,080
	21,433	*	Salesforce.com, Inc		3,101,569
	181,942	*	Symantec Corp		3,467,815
	3,450	*	Ultimate Software Group, Inc		187,611
	470	*	Unisys Corp		9,762
	382,158	*	Yahoo!, Inc		5,006,270
			TOTAL SOFTWARE & SERVICES		92,937,461
TECHNOLOGY HARDWARE & EQUIPMENT - 4.6%
	14,126	*	Acme Packet, Inc		832,304
	18,734	*	Aruba Networks, Inc		429,945
	1,457	*	Avid Technology, Inc		19,072
	4,414	*	Benchmark Electronics, Inc		64,665
	9,591	*	Bookham, Inc		45,078
	708,102		Cisco Systems, Inc		11,308,390
	600		Cognex Corp		20,370

273

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	25,575	*	Cray, Inc	$	154,473
	416,411	*	Dell, Inc		6,762,515
	440	*	DG FastChannel, Inc		12,434
	1,190	*	DTS, Inc		41,317
	330,444	*	EMC Corp		8,617,980
	16,951	*	Finisar Corp		288,845
	5,508	*	Flextronics International Ltd		35,527
	288,638		Hewlett-Packard Co		10,148,512
	1,209	*	Infinera Corp		7,774
	4,807		InterDigital, Inc		328,078
	3,282	*	Intevac, Inc		29,866
	5,692	*	IPG Photonics Corp		342,602
	350	*	Itron, Inc		15,064
	9,064	*	Lexmark International, Inc (Class A)		304,278
	212		Littelfuse, Inc		10,831
	436		Molex, Inc		10,237
	20,656	*	Motorola Mobility Holdings, Inc		462,281
	89,695	*	Motorola, Inc		4,026,409
	417		National Instruments Corp		10,775
	378	*	Netgear, Inc		12,440
	14,946	*	Oplink Communications, Inc		252,288
	8,912		Plantronics, Inc		305,236
	281	*	Plexus Corp		8,292
	25,170	*	Polycom, Inc		680,345
	42,262	*	Power-One, Inc		304,709
	194,965	*	Quantum Corp		512,758
	17,622	*	Radisys Corp		139,919
	610	*	Rofin-Sinar Technologies, Inc		19,142
	1,215	*	Seachange International, Inc		11,615
	9,704	*	Smart Modular Technologies WWH, Inc		87,336
	12,046	*	STEC, Inc		122,508
	1,289	*	Super Micro Computer, Inc		18,162
	1,597		Sycamore Networks, Inc		31,461
	3,960	*	Synaptics, Inc		97,297
	533	*	Tech Data Corp		24,875
	45,630		Tellabs, Inc		188,908
	8,289	*	Trimble Navigation Ltd		294,923
	3,218	*	TTM Technologies, Inc		44,569
	455	*	Universal Display Corp		13,609
	505,054		Xerox Corp		4,712,154
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		52,212,168
TELECOMMUNICATION SERVICES - 2.2%
	113,245	*	American Tower Corp (Class A)		5,948,759
	162,418		CenturyTel, Inc		6,027,331
	18,787	*	Cincinnati Bell, Inc		65,003
	35,712	*	Crown Castle International Corp		1,549,901
	377,077		Frontier Communications Corp		2,824,307
	68,945	*	MetroPCS Communications, Inc		1,122,425
	38,685	*	NII Holdings, Inc (Class B)		1,638,310
	2,480	*	SBA Communications Corp (Class A)		94,662
	789,896	*	Sprint Nextel Corp		3,341,260

274

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	13,046	*	tw telecom inc (Class A)	$	257,659
	485	*	US Cellular Corp		21,432
	185,793		Windstream Corp		2,268,533
			TOTAL TELECOMMUNICATION SERVICES		25,159,582
TRANSPORTATION - 2.8%
	158		Allegiant Travel Co		6,799
	6,112		CH Robinson Worldwide, Inc		441,959
	255,351		CSX Corp		6,273,974
	88,123	*	Delta Air Lines, Inc		695,290
	5,668		Expeditors International Washington, Inc		270,477
	66,842		FedEx Corp		5,807,233
	931	*	Genesee & Wyoming, Inc (Class A)		51,242
	436		Heartland Express, Inc		6,680
	218		J.B. Hunt Transport Services, Inc		9,862
	12,597	*	Kansas City Southern Industries, Inc		747,632
	218	*	Kirby Corp		12,714
	92,274		Norfolk Southern Corp		6,985,142
	1,949		Ryder System, Inc		109,768
	167,492		Southwest Airlines Co		1,668,221
	119,676		United Parcel Service, Inc (Class B)		8,283,972
			TOTAL TRANSPORTATION		31,370,965
UTILITIES - 4.3%
	33,997		Alliant Energy Corp		1,339,822
	34,129		Atmos Energy Corp		1,140,932
	42,905	*	Calpine Corp		697,206
	55,466		Centerpoint Energy, Inc		1,086,024
	5,106		CH Energy Group, Inc		260,763
	91,813		Cleco Corp		3,187,747
	98,612		Consolidated Edison, Inc		5,186,992
	5,184		DTE Energy Co		258,371
	76,028		Idacorp, Inc		2,981,058
	2,471		ITC Holdings Corp		173,612
	6,753		Laclede Group, Inc		251,549
	357		MDU Resources Group, Inc		7,697
	12,624		MGE Energy, Inc		518,594
	4,919		New Jersey Resources Corp		214,518
	110,577		NextEra Energy, Inc		6,109,378
	24,041		Nicor, Inc		1,315,043
	140,645		NiSource, Inc		2,831,184
	42,816		Northeast Utilities		1,455,744
	4,667		Northwest Natural Gas Co		208,195
	26,751		NSTAR		1,185,872
	94,784		NV Energy, Inc		1,406,595
	19,308		Oneok, Inc		1,405,428
	180,964		Pepco Holdings, Inc		3,380,408
	63,870		PG&E Corp		2,646,134
	43,540		Piedmont Natural Gas Co, Inc		1,270,062
	82,515		PPL Corp		2,302,169
	3,360		SCANA Corp		131,678
	44,263		Sempra Energy		2,243,691

275

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,698		SJW Corp	$	134,017
	15,507		South Jersey Industries, Inc		783,104
	14,518		WGL Holdings, Inc		563,444
	7,754		Wisconsin Energy Corp		237,660
	11,140		Xcel Energy, Inc		267,360
			TOTAL UTILITIES		47,182,051
			TOTAL COMMON STOCKS		1,088,577,269
			(Cost $970,784,242)
			TOTAL INVESTMENTS - 98.9%		1,088,577,269
			(Cost $970,784,242)
			OTHER ASSETS & LIABILITIES, NET - 1.1%		11,835,569
			NET ASSETS - 100.0%	$	1,100,412,838
			Abbreviation(s):
			REIT   Real Estate Investment Trust
		*	Non-income producing.

276

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 the 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 principal 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.

The accompanying schedules 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.

Transactions with affiliates: The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board of Trustees (“Board”), 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 Board. 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.)

277

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

• Level 3 – significant unobservable inputs (including the Funds’ 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 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 will be valued at fair value in accordance with procedures adopted by the Board. 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 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 Board. 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 July 31, 2011, there were no significant transfers between levels by the Funds.

278

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

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

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

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

Fund	Level 1		Level 2		Level 3		Total
Growth & Income
Consumer Discretionary	$	296,104,609	$	1,319,322	$	-	$	297,423,931
Consumer Staples		222,637,723		14,961,508		-		237,599,231
Energy*		260,983,921		4,670,296		-		265,654,217
Financials		281,597,509		-		-		281,597,509
Health Care		282,064,717		22,631,172		-		304,695,889
Industrials		237,404,138		14,207,240		-		251,611,378
Information Technology*		383,932,555		9,207,298		-		393,139,853
Materials		89,093,620		5,768,253		-		94,861,873
Telecommunication Services		63,923,001		-		-		63,923,001
Utilities		33,682,577		-		-		33,682,577
Total	$	2,151,424,370	$	72,765,089	$	-	$	2,224,189,459
Emerging Markets Equity
Brazil	$	-	$	55,933,704	$	-	$	55,933,704
China*		4,362,621		53,633,010		-		57,995,631
Hong Kong		-		14,523,852		-		14,523,852
India		-		25,214,952		-		25,214,952
Indonesia		-		12,879,463		-		12,879,463
Korea		-		60,275,329		-		60,275,329
Malaysia		-		11,385,035		-		11,385,035
Mexico		787,117		13,530,974		-		14,318,091
Philippines		-		8,040,699		-		8,040,699
Russia*		12,020,804		13,117,407		-		25,138,211
South Africa		-		20,718,640		-		20,718,640
Taiwan		-		32,291,138		-		32,291,138
Thailand		-		9,832,498		-		9,832,498
Other*		6,016,005		36,824,470		-		42,840,475
Corporate Bonds		-		353		-		353
Total	$	23,186,547	$	368,201,524	$	-	$	391,388,071

279

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

Fund	Level 1		Level 2		Level 3		Total
Large-Cap Growth
Consumer Discretionary	$	214,958,159	$	26,446,087	$	-	$	241,404,246
Consumer Staples		53,455,324		-		-		53,455,324
Energy		88,541,818		8,900,488		-		97,442,306
Financials		48,844,370		-		-		48,844,370
Health Care*		159,218,904		3,652,571		-		162,871,475
Industrials		112,622,959		7,539,505		-		120,162,464
Information Technology*		412,281,787		-		-		412,281,787
Materials		82,551,449		-		-		82,551,449
Telecommunication Services		14,997,945		-		-		14,997,945
Total	$	1,187,472,715	$	46,538,651	$	-	$	1,234,011,366
Large-Cap Value
Consumer Discretionary	$	175,285,862	$	7,914,681	$	-	$	183,200,543
Consumer Staples		135,275,614		7,730,175		-		143,005,789
Energy*		250,095,018		8,174,233		-		258,269,251
Financials		512,052,289		13,608,051		-		525,660,340
Health Care		252,776,185		16,111,970		-		268,888,155
Industrials		190,144,442		28,536,294		-		218,680,736
Information Technology		238,274,428		3,316,593		-		241,591,021
Materials		59,529,823		5,084,288		-		64,614,111
Telecommunication Services		106,484,541		-		-		106,484,541
Utilities		120,776,603		-		-		120,776,603
Total	$	2,040,694,805	$	90,476,285	$	-	$	2,131,171,090
Mid-Cap Growth
Consumer Discretionary	$	242,372,090	$	-	$	-	$	242,372,090
Consumer Staples		73,252,478		9,758,537		-		83,011,015
Energy		90,656,607		23,635,111		-		114,291,718
Financials		108,715,031		-		-		108,715,031
Health Care		180,494,648		-		-		180,494,648
Industrials		198,917,807		-		-		198,917,807
Information Technology		258,151,960		3,207,928		-		261,359,888
Materials		105,464,060		-		-		105,464,060
Telecommunication Services		20,951,839		-		-		20,951,839
Total	$	1,278,976,520	$	36,601,576	$	-	$	1,315,578,096
Mid-Cap Value
Consumer Discretionary	$	329,879,477	$	10,937,832	$	-	$	340,817,309
Consumer Staples		145,256,340		8,487,913		-		153,744,253
Energy*		311,768,117		12,565,255		-		324,333,372
Financials		703,796,574		-		-		703,796,574
Health Care*		209,291,214		8,742,583		-		218,033,797
Industrials		273,930,682		4,476,529		-		278,407,211
Information Technology		187,137,554		5,503,775		-		192,641,329
Materials		189,797,894		36,901,776		-		226,699,670
Telecommunication Services		48,747,129		-		-		48,747,129
Utilities		216,135,053		-		-		216,135,053
Total	$	2,615,740,034	$	87,615,663	$	-	$	2,703,355,697

280

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

Fund	Level 1		Level 2		Level 3		Total
International Equity Index
Australia	$	-	$	214,257,789	$	-	$	214,257,789
France		-		230,866,268		-		230,866,268
Germany		-		219,363,876		-		219,363,876
Hong Kong		-		67,101,401		-		67,101,401
Italy		-		61,059,793		-		61,059,793
Japan		-		527,175,653		-		527,175,653
Netherlands		-		114,984,537		-		114,984,537
Spain		-		83,207,736		-		83,207,736
Sweden		-		73,797,750		-		73,797,750
Switzerland		-		213,361,883		-		213,361,883
United Kingdom		-		480,444,641		-		480,444,641
Other*		46,640,397		208,284,375		-		254,924,772
Futures**		40,741		-		-		40,741
Total	$	46,681,138	$	2,493,905,702	$	-	$	2,540,586,840
Emerging Markets Equity Index
Brazil*	$	841,889	$	24,673,680	$	-	$	25,515,569
China		-		26,786,928		-		26,786,928
India		-		12,135,863		-		12,135,863
Indonesia		-		4,649,897		-		4,649,897
Korea, Republic of*		63,680		25,436,605		-		25,500,285
Malaysia		-		5,440,601		-		5,440,601
Mexico		262,212		7,534,242		-		7,796,454
Russia*		618,987		11,213,774		-		11,832,761
South Africa		-		12,474,292		-		12,474,292
Taiwan		-		18,750,841		-		18,750,841
United States		6,528,600		-		-		6,528,600
Other*		605,851		16,788,633		-		17,394,484
Total	$	8,921,219	$	165,885,356	$	-	$	174,806,575
Enhanced International Equity Index
Australia	$	-	$	44,876,325	$	-	$	44,876,325
France		-		51,280,467		-		51,280,467
Germany		-		46,167,612		-		46,167,612
Hong Kong		-		14,765,690		-		14,765,690
Italy		-		12,066,312		-		12,066,312
Japan		-		112,444,236		-		112,444,236
Netherlands		-		26,565,544		-		26,565,544
Spain		-		19,675,468		-		19,675,468
Sweden		-		15,730,158		-		15,730,158
Switzerland		-		45,258,292		-		45,258,292
United Kingdom*		15,218,119		82,956,104		-		98,174,223
Other		-		41,558,806		-		41,558,806
Total	$	15,218,119	$	513,345,014	$	-	$	528,563,133

* Includes American Depositary Receipts in Level 1.
** Futures contracts are not reflected in the portfolio of investments. They are valued at the unrealized appreciation/(depreciation) on the instrument.

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.

281

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

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 July 31, 2011, the Funds held the following open futures contracts:

Fund	Future	Number of Contracts	Market Value		Expiration Date		Unrealized Gain/(Loss)
Large-Cap Growth Index	CME E-Mini Standard & Poor’s 500 Index Future	17	$	1,095,140		September 2011	$	(35,961	)
Small-Cap Blend Index Fund	Russell 2000 Mini Index Future	39		3,102,450		September 2011		(145,808	)
International Equity Index	MSCI EAFE E-Mini Index Future	21		1,753,185		September 2011		40,741

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. 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 July 31, 2011		Value at July 31, 2011
International Equity Fund
Tecan Group AG.	$	60,123,098	$	-	$	330,632	$	118,177	$	967,116	$	-	859,428	$	72,533,538
	$	60,123,098	$	-	$	330,632	$	118,177	$	967,116	$	-	859,428	$	72,533,538

282

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

Note 5—investments

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.

At July 31, 2011, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, 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	$	1,953,103,010	$	312,605,646	$	(41,519,197	)	$	271,086,449
International Equity		2,420,725,038		300,253,706		(79,487,027	)		220,766,679
Emerging Markets Equity		365,037,606		35,513,548		(9,163,083	)		26,350,465
Large-Cap Growth		1,114,403,257		144,789,285		(25,181,176	)		119,608,109
Large-Cap Value		2,112,524,742		177,862,611		(159,216,263	)		18,646,348
Mid-Cap Growth		1,092,811,393		252,184,705		(29,418,002	)		222,766,703
Mid-Cap Value		2,303,742,475		477,825,320		(78,212,098	)		399,613,222
Small-Cap Equity		1,289,446,488		162,863,712		(60,787,179	)		102,076,533
Large-Cap Growth Index		614,107,698		154,241,835		(13,631,994	)		140,609,841
Large-Cap Value Index		837,971,603		70,210,615		(109,180,218	)		(38,969,603	)
Equity Index		2,009,405,330		498,402,536		(168,182,689	)		330,219,847
S&P 500 Index		1,178,213,163		215,077,898		(173,656,240	)		41,421,658
Small-Cap Blend Index		793,030,390		175,383,133		(94,323,632	)		81,059,501
International Equity Index		2,446,566,006		331,115,435		(237,135,342	)		93,980,093
Emerging Markets Equity Index		158,023,751		22,382,402		(5,599,578	)		16,782,824
Enhanced International Equity Index		488,230,597		60,312,414		(19,979,878	)		40,332,536
Enhanced Large-Cap Growth Index		679,295,061		133,930,156		(13,632,507	)		120,297,649
Enhanced Large-Cap Value Index		690,206,100		102,857,382		(12,082,198	)		90,775,184
Social Choice Equity		970,784,242		169,640,566		(51,847,539	)		117,793,027

283

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: September 15, 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: September 15, 2011	By:	/s/ Scott C. Evans
		Scott C. Evans
		President and Principal Executive Officer (principal executive officer)

Date: September 15, 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