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, 2012

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.6%
BANKS - 4.2%
	717,757		Fifth Third Bancorp	$	9,919,402
	288,078	*	Ocwen Financial Corp		5,692,421
	1,102,514		Regions Financial Corp		7,673,497
	422,724		TCF Financial Corp		4,366,739
	874,948		US Bancorp		29,310,758
	1,713,927		Wells Fargo & Co		57,947,872
			TOTAL BANKS		114,910,689
CAPITAL GOODS - 6.4%
	217,308		Ametek, Inc		6,736,548
	192,466		Boeing Co		14,225,162
	224,482	e	Eaton Corp		9,841,291
	225,609		Emerson Electric Co		10,777,342
	1,828,506		General Electric Co		37,941,499
	576,039		Honeywell International, Inc		33,439,064
	835,131		Invensys plc		3,143,555
	65,770		Precision Castparts Corp		10,231,181
	164,979		Roper Industries, Inc		16,407,162
	59,247		SPX Corp		3,597,478
	135,334	*	Teledyne Technologies, Inc		8,431,308
	360,550		Textron, Inc		9,392,328
	262,087		Tyco International Ltd		14,399,060
			TOTAL CAPITAL GOODS		178,562,978
CONSUMER DURABLES & APPAREL - 1.9%
	279,712		Burberry Group plc		5,477,871
	593,939		DR Horton, Inc		10,471,144
	181,123		Jarden Corp		8,186,760
	75,663		Phillips-Van Heusen Corp		6,009,912
	145,084	*,e	Under Armour, Inc (Class A)		7,898,373
	85,568		VF Corp		12,775,302
			TOTAL CONSUMER DURABLES & APPAREL		50,819,362
CONSUMER SERVICES - 1.7%
	130,717		McDonald’s Corp		11,680,871
	53,617	*	Penn National Gaming, Inc		2,086,774
	81,177		Six Flags Entertainment Corp		4,676,607
	291,123		Starbucks Corp		13,182,049
	151,347		Wyndham Worldwide Corp		7,877,611
	114,926		Yum! Brands, Inc		7,451,802
			TOTAL CONSUMER SERVICES		46,955,714

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 4.6%
	122,336		American Express Co	$	7,060,010
	171,070		Ameriprise Financial, Inc		8,847,740
	909,624		Blackstone Group LP		12,598,293
	529,727		Citigroup, Inc		14,371,493
	649,456		Discover Financial Services		23,354,438
	54,812		Goldman Sachs Group, Inc		5,530,531
	50,680	*	IntercontinentalExchange, Inc		6,650,230
	726,963		JPMorgan Chase & Co		26,170,668
	944,873		Morgan Stanley		12,906,965
	598,938		SLM Corp		9,577,019
			TOTAL DIVERSIFIED FINANCIALS		127,067,387
ENERGY - 9.8%
	396,183	d	Anadarko Petroleum Corp		27,510,947
	517,041		Chevron Corp		56,657,353
	502,052	e	EXCO Resources, Inc		3,534,446
	911,635		Exxon Mobil Corp		79,175,500
	292,213		Kinder Morgan, Inc		10,464,148
	149,951		National Oilwell Varco, Inc		10,841,457
	131,516		Noble Energy, Inc		11,498,444
	343,772		Occidental Petroleum Corp		29,918,477
	106,124		Pioneer Natural Resources Co		9,405,770
	302,894		Schlumberger Ltd		21,584,227
	173,686		Transocean Ltd		8,133,715
			TOTAL ENERGY		268,724,484
FOOD & STAPLES RETAILING - 1.5%
	392,217		Wal-Mart Stores, Inc		29,192,711
	143,423	d	Whole Foods Market, Inc		13,163,363
			TOTAL FOOD & STAPLES RETAILING		42,356,074
FOOD, BEVERAGE & TOBACCO - 9.3%
	84,173		Anheuser-Busch InBev NV (ADR)		6,668,185
	94,784	*,e	Annie’s, Inc		3,862,448
	76,536		Beam, Inc		4,812,584
	55,472		Brown-Forman Corp (Class B)		5,189,960
	736,903		Coca-Cola Co		59,541,762
	356,297	*	DE Master Blenders 1753 NV		4,129,174
	119,295	e	Groupe Danone		7,251,153
	355,318		Hershey Co		25,490,513
	226,238		Ingredion, Inc		11,746,277
	127,139		Lorillard, Inc		16,355,161
	204,706	d	Mead Johnson Nutrition Co		14,935,350
	205,763	*,d	Monster Beverage Corp		13,677,067
	298,179		PepsiCo, Inc		21,686,559
	596,020		Philip Morris International, Inc		54,500,069
	66,965		Remy Cointreau S.A.		7,902,686
			TOTAL FOOD, BEVERAGE & TOBACCO		257,748,948
HEALTH CARE EQUIPMENT & SERVICES - 2.8%
	444,610		Cardinal Health, Inc		19,158,245
	124,899	*	Catamaran Corp		10,555,215
	77,003	*	Cerner Corp		5,692,062

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	409,194	*	Express Scripts Holding Co	$	23,708,700
	477,398		Medtronic, Inc		18,819,029
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		77,933,251
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	135,210		Colgate-Palmolive Co		14,516,146
	285,508		Estee Lauder Cos (Class A)		14,954,909
	308,349		Procter & Gamble Co		19,900,844
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		49,371,899
INSURANCE - 3.2%
	388,785		ACE Ltd		28,575,697
	151,313	*	Berkshire Hathaway, Inc (Class B)		12,837,395
	413,915		Marsh & McLennan Cos, Inc		13,746,117
	304,482		Prudential Financial, Inc		14,700,391
	271,744		Travelers Cos, Inc		17,024,762
			TOTAL INSURANCE		86,884,362
MATERIALS - 3.4%
	122,545		Ashland, Inc		8,625,943
	221,937		Cytec Industries, Inc		13,662,442
	136,291		Du Pont (E.I.) de Nemours & Co		6,773,663
	136,200		FMC Corp		7,450,140
	181,804		Georgia Gulf Corp		5,959,535
	167,615		LyondellBasell Industries AF S.C.A		7,463,896
	378,196		Monsanto Co		32,381,141
	63,118		PPG Industries, Inc		6,908,896
	72,539	*	WR Grace & Co		4,065,086
			TOTAL MATERIALS		93,290,742
MEDIA - 3.7%
	315,788		CBS Corp (Class B)		10,566,266
	117,796	*,d	Charter Communications, Inc		9,060,868
	931,551		Comcast Corp (Class A)		30,321,985
	57,696		Scripps Networks Interactive (Class A)		3,106,930
	209,690		Time Warner, Inc		8,203,073
	314,112		Viacom, Inc (Class B)		14,672,172
	504,520		Walt Disney Co		24,792,113
			TOTAL MEDIA		100,723,407
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.2%
	536,045		Abbott Laboratories		35,545,144
	150,880	*	Alexion Pharmaceuticals, Inc		15,819,768
	239,483		Amgen, Inc		19,781,296
	192,153		Bayer AG.		14,594,492
	142,383	*	Biogen Idec, Inc		20,763,713
	197,101	*	BioMarin Pharmaceuticals, Inc		7,744,098
	275,188		Bristol-Myers Squibb Co		9,796,693
	534,065	*	Gilead Sciences, Inc		29,015,752
	1,300	*	Idenix Pharmaceuticals, Inc		13,169
	148,692	*	Jazz Pharmaceuticals plc		7,147,624

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	608,020		Johnson & Johnson	$	42,087,144
	49,074		Novo Nordisk AS (Class B)		7,566,602
	59,631	*	Onyx Pharmaceuticals, Inc		4,470,536
	2,735,492		Pfizer, Inc		65,761,228
	308,585		Teva Pharmaceutical Industries Ltd (ADR)		12,618,041
	226,089	*	Watson Pharmaceuticals, Inc		17,596,507
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		310,321,807
REAL ESTATE - 2.3%
	339,646		American Tower Corp		24,559,802
	61,630		AvalonBay Communities, Inc		9,065,157
	105,626		Simon Property Group, Inc		16,951,917
	509,136		Weyerhaeuser Co		11,888,325
			TOTAL REAL ESTATE		62,465,201
RETAILING - 5.2%
	90,180	*	Amazon.com, Inc		21,038,994
	56,956	*	Five Below, Inc		1,671,089
	506,294		Foot Locker, Inc		16,717,828
	222,455		GNC Holdings, Inc		8,571,191
	647,982		Home Depot, Inc		33,811,701
	450,524		Macy’s, Inc		16,146,780
	197,972		Petsmart, Inc		13,087,929
	115,959		Tiffany & Co		6,369,628
	553,117		TJX Companies, Inc		24,492,020
			TOTAL RETAILING		141,907,160
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.1%
	395,346		Avago Technologies Ltd		14,627,802
	46,970	*	Cymer, Inc		2,687,154
	900,871	*	Imagination Technologies Group plc		7,054,603
	845,817		Intel Corp		21,737,497
	984,365	*	ON Semiconductor Corp		6,831,493
	202,086	*	Skyworks Solutions, Inc		5,846,348
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		58,784,897
SOFTWARE & SERVICES - 8.0%
	41,291	*	Alliance Data Systems Corp		5,367,830
	315,769	*	Aspen Technology, Inc		7,382,679
	565,212	*	eBay, Inc		25,038,891
	204,753		Fidelity National Information Services, Inc		6,437,434
	46,833	*	Google, Inc (Class A)		29,643,884
	308,075		IAC/InterActiveCorp		16,207,826
	133,811		International Business Machines Corp		26,224,280
	138,959	*	Micros Systems, Inc		6,633,903
	1,561,037		Microsoft Corp		46,003,760
	74,082	*	MicroStrategy, Inc (Class A)		8,627,590
	1,232,003		Oracle Corp		37,206,491
	374,201	*	Yahoo!, Inc		5,927,344
			TOTAL SOFTWARE & SERVICES		220,701,912

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 8.7%
	230,934	*	Apple, Inc				$	141,045,250
	1,818,637		Cisco Systems, Inc					29,007,260
	6,936	*	Comverse Technology, Inc					37,662
	475,741	*	EMC Corp					12,469,171
	71,614	*	F5 Networks, Inc					6,687,315
	464,008		Hewlett-Packard Co					8,463,506
	982,935	*	JDS Uniphase Corp					9,672,080
	7,728	*	Palo Alto Networks, Inc					441,578
	513,583		Qualcomm, Inc					30,650,634
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					238,474,456
TELECOMMUNICATION SERVICES - 2.4%
	1,297,090		AT&T, Inc					49,185,653
	201,714		CenturyTel, Inc					8,379,200
	128,179	*	Level 3 Communications, Inc					2,470,009
	904,445	*	Sprint Nextel Corp					3,943,380
	165,944	*	tw telecom inc (Class A)					4,170,173
			TOTAL TELECOMMUNICATION SERVICES					68,148,415
TRANSPORTATION - 1.7%
	149,765		Canadian Pacific Railway Ltd					12,153,429
	643,404		CSX Corp					14,759,688
	105,061		Kansas City Southern Industries, Inc					7,648,441
	144,672	*	Old Dominion Freight Line					6,134,093
	74,952		United Parcel Service, Inc (Class B)					5,667,121
			TOTAL TRANSPORTATION					46,362,772
UTILITIES - 2.7%
	223,279		American Water Works Co, Inc					8,093,864
	407,280	*	Calpine Corp					6,960,415
	751,408		Centerpoint Energy, Inc					15,824,653
	435,254		Edison International					20,100,030
	189,312		NextEra Energy, Inc					13,422,221
	375,424		NiSource, Inc					9,607,100
			TOTAL UTILITIES					74,008,283
			TOTAL COMMON STOCKS					2,716,524,200
			(Cost $2,287,174,279)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.6%
TREASURY DEBT - 1.4%
	$6,300,000		United States Treasury Bill	0.006	%	08/02/12		6,299,990
	2,500,000		United States Treasury Bill	0.061		08/23/12		2,499,882
	30,000,000		United States Treasury Bill	0.042		09/13/12		29,997,313
								38,797,185

5

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%
	31,839,542	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	$	31,839,542
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		31,839,542
			TOTAL SHORT-TERM INVESTMENTS		70,636,727
			(Cost $70,636,727)
			TOTAL INVESTMENTS - 101.2%		2,787,160,927
			(Cost $2,357,811,006)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%		(31,883,892	)
			NET ASSETS - 100.0%	$	2,755,277,035
			Abbreviation(s):
			ADR       American Depositary Receipt
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		d	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $30,738,068.

6

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.3%
BELGIUM - 1.5%
	721,935		UCB S.A.	$	36,116,545
			TOTAL BELGIUM		36,116,545
FRANCE - 7.7%
	60,659		Atos Origin S.A.		3,406,464
	2,201,707		BNP Paribas		81,330,338
	390,664		Compagnie Generale d’Optique Essilor International S.A.		34,004,523
	1,333,214	e	Lafarge S.A.		61,118,995
	112,966	e	Technip S.A.		11,858,562
			TOTAL FRANCE		191,718,882
GERMANY - 18.5%
	2,222,299		Bayer AG.		168,789,067
	437,750		Beiersdorf AG.		28,990,486
	1,344,624		Henkel KGaA (Preference)		96,529,417
	1,570,920		Lanxess AG.		108,912,907
	377,967	e	Merck KGaA		38,013,297
	454,372		Rheinmetall AG.		22,666,022
			TOTAL GERMANY		463,901,196
HONG KONG - 3.1%
	36,809,000	e	Li & Fung Ltd		72,300,628
	6,418,000		Trinity Ltd		4,177,904
			TOTAL HONG KONG		76,478,532
INDIA - 4.0%
	5,503,025		DLF Ltd		20,551,490
	6,426,392		HDFC Bank Ltd		67,614,480
	783,824		United Spirits Ltd		11,396,179
			TOTAL INDIA		99,562,149
ITALY - 0.4%
	187,764		Saipem S.p.A.		8,629,341
			TOTAL ITALY		8,629,341
JAPAN - 12.9%
	2,022,300		Asics Corp		23,670,146
	423,800		Daikin Industries Ltd		11,513,182
	395,758		Denso Corp		12,608,808
	6,950		Fanuc Ltd		1,072,999
	87,400	e	Fast Retailing Co Ltd		17,949,638
	7,147,000		Hitachi Ltd		42,134,739

7

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
	321,900		JS Group Corp	$	6,727,485
	703,200		JTEKT Corp		6,173,187
	51,297		Kao Corp		1,386,378
	38,330		Komatsu Ltd		850,322
	430,100	e	Konami Corp		9,167,162
	47,757		Mitsubishi Corp		945,048
	370,984		Mitsubishi Electric Corp		2,939,799
	535,000		Mitsubishi Heavy Industries Ltd		2,160,192
	1,835,547		Mitsubishi UFJ Financial Group, Inc		8,900,634
	37,000		Mitsui Trust Holdings, Inc		105,680
	86,547		Nomura Holdings, Inc		303,052
	2,447,375	*	Olympus Corp		45,832,122
	653,500	e	Sanrio Co Ltd		22,534,592
	983,350		Shin-Etsu Chemical Co Ltd		49,638,308
	34,450	e	Sony Corp		418,908
	108,450		Sumitomo Corp		1,519,286
	22,000		Sumitomo Metal Mining Co Ltd		234,981
	15,000		Suruga Bank Ltd		158,365
	8,650,500		Teijin Ltd		25,300,867
	746,100		Toyota Motor Corp		28,528,487
	83,200	e	United Arrows Ltd		2,178,505
			TOTAL JAPAN		324,952,872
NETHERLANDS - 0.0%
	22,686		Royal Dutch Shell plc (A Shares)		770,937
			TOTAL NETHERLANDS		770,937
SWEDEN - 4.0%
	1,330,694		Assa Abloy AB (Class B)		40,231,006
	2,927,787		SKF AB (B Shares)		60,383,911
			TOTAL SWEDEN		100,614,917
SWITZERLAND - 15.9%
	2,203,434	e	Adecco S.A.		96,590,598
	111,272		Burckhardt Compression Holding AG.		28,410,860
	7,615,066		Clariant AG.		80,368,960
	20,982		Givaudan S.A.		20,391,571
	1,411,853		Holcim Ltd		83,085,102
	108,528		Nestle S.A.		6,667,548
	349,909		Swatch Group AG. Reg		24,378,425
	346,251		Tecan Group AG.		24,098,899
	3,057,434		UBS AG. (Switzerland)		32,164,265
			TOTAL SWITZERLAND		396,156,228
UNITED KINGDOM - 29.3%
	177,927	*	Afren plc		354,928
	2,815,980		Barclays plc		7,333,947
	443,127		BG Group plc		8,723,080
	4,062,869		British Sky Broadcasting plc		45,319,906
	3,364,459		Carnival plc		112,851,727
	2,204,692		Compass Group plc		23,649,257
	1,710,715		Drax Group plc		12,720,851

8

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
	8,006,021		Filtrona plc				$	58,235,953
	1,165,824		Imperial Tobacco Group plc					45,239,501
	30,930,528		Man Group plc					38,529,752
	904,566		Petrofac Ltd					21,041,662
	1,231,476		Reckitt Benckiser Group plc					67,580,675
	5,989,039		Reed Elsevier plc					50,413,025
	49,541		Rio Tinto plc					2,281,456
	2,214,125		Smiths Group plc					36,934,744
	8,598,672		Tate & Lyle plc					88,822,431
	1,779,870		Tullow Oil plc					35,824,837
	2,332,605		Wolseley plc					83,895,681
			TOTAL UNITED KINGDOM					739,753,413
			TOTAL COMMON STOCKS					2,438,655,012
			(Cost $2,620,168,643)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 8.4%
TREASURY DEBT - 2.3%
	$27,400,000		United States Treasury Bill	0.006-0.007	%	08/02/12		27,399,957
	3,200,000		United States Treasury Bill	0.060		08/23/12		3,199,849
	9,000,000		United States Treasury Bill	0.030		08/16/12		8,999,850
	17,000,000		United States Treasury Bill	0.068		09/13/12		16,998,579
			TOTAL TREASURY DEBT					56,598,235
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.1%
	153,823,632	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust					153,823,632
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					153,823,632
			TOTAL SHORT-TERM INVESTMENTS					210,421,867
			(Cost $210,421,867)
			TOTAL INVESTMENTS - 105.7%					2,649,076,879
			(Cost $2,830,590,510)
			OTHER ASSETS & LIABILITIES, NET - (5.7)%					(143,570,080	)
			NET ASSETS - 100.0%				$	2,505,506,799
		*	Non-income producing.
		a	Affiliated holding.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $146,070,516.

9

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2012

SECTOR	VALUE			% OF NET ASSETS
MATERIALS	$	489,569,100			19.5	%
CONSUMER DISCRETIONARY		440,979,955			17.6
INDUSTRIALS		403,014,322			16.1
HEALTH CARE		346,854,453			13.8
CONSUMER STAPLES		346,612,615			13.8
FINANCIALS		256,992,003			10.3
ENERGY		87,203,347			3.5
INFORMATION TECHNOLOGY		54,708,365			2.2
UTILITIES		12,720,851			0.5
SHORT - TERM INVESTMENTS		210,421,867			8.4
OTHER ASSETS & LIABILITIES, NET		(143,570,079	)		(5.7	)
NET ASSETS	$	2,505,506,799			100.0	%

10

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.6%
ARGENTINA - 0.2%
	16,167	e	Mercadolibre, Inc	$	1,080,117
			TOTAL ARGENTINA		1,080,117
AUSTRALIA - 0.3%
	50,482	e	Kingsgate Consolidated Ltd		213,215
	235,082	*,e	Pan Australian Resources Ltd		581,516
	96,034	*	Sandfire Resources NL		706,583
			TOTAL AUSTRALIA		1,501,314
BRAZIL - 12.8%
	32,200		Abril Educacao S.A.		487,117
	146,100		Aliansce Shopping Centers S.A.		1,353,200
	266,024		Banco Bradesco S.A. (Preference)		4,102,264
	473,200		Banco Itau Holding Financeira S.A.		7,497,951
	229,300		BR Malls Participacoes S.A.		2,676,585
	81,048		BR Properties S.A.		945,270
	319,900		Brasil Brokers Participacoes S.A.		983,491
	56,500		Brazil Insurance Participco		500,427
	220,792		Brazil Pharma S.A.		1,319,882
	79,035	*	BTG Pactual Participations Ltd		1,164,775
	292,600		Cia de Concessoes Rodoviarias		2,441,665
	99,325		Cia Energetica de Minas Gerais		1,899,060
	118,100		Cosan SA Industria e Comercio		1,798,126
	148,900		EcoRodovias Infraestrutura e Logistica S.A.		1,205,471
	344,400		Empresa Brasileira de Aeronautica S.A.		2,208,382
	233,900	*	Fertilizantes Heringer S.A.		1,757,788
	85,600		Iochpe-Maxion S.A.		923,170
	184,000		Mills Estruturas e Servicos de		2,480,929
	142,300		MRV Engenharia e Participacoes S.A.		774,275
	85,300		Multiplan Empreendimentos Imobiliarios S.A.		2,157,059
	76,800		Multiplus S.A.		1,853,289
	1,217,100		PDG Realty S.A.		2,025,333
	541,345		Petroleo Brasileiro S.A.		5,296,686
	199,400		Raia Drogasil S.A.		2,276,967
	228,600		Restoque Comercio e Confeccoes de Roupas S.A.		1,193,646
	143,600		Souza Cruz S.A.		2,025,200
	116,887		T4F Entretenimento S.A.		959,418
	447,209		Tim Participacoes S.A.		1,863,735
	122,800		Ultrapar Participacoes S.A.		2,894,417
	94,520	*	UNICASA Industria de Moveis S.A.		698,337
	336,000		Vale S.A.		6,091,353
			TOTAL BRAZIL		65,855,268

11

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
CAMBODIA - 0.3%
	3,044,000		NagaCorp Ltd	$	1,624,261
			TOTAL CAMBODIA		1,624,261
CHILE - 1.3%
	219,629		Centros Comerciales Sudamericanos S.A.		1,257,720
	42,355		Lan Airlines S.A.		1,047,052
	13,770	*	Latam Airlines Group S.A. (ADR)		332,625
	220,244		Parque Arauco S.A		417,448
	163,384		SACI Falabella		1,591,907
	30,269		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,815,702
			TOTAL CHILE		6,462,454
CHINA - 13.0%
	2,182,000	e	Air China Ltd		1,535,658
	9,402	*	Baidu, Inc (ADR)		1,133,129
	2,930,000		Beijing Capital International Airport Co Ltd		1,994,397
	181,500		Beijing Enterprises Holdings Ltd		1,178,245
	6,615,090		China Construction Bank		4,444,920
	1,436,000		China Life Insurance Co Ltd		3,941,940
	951,600	e	China Metal Recycling Holdings Ltd		671,740
	662,500		China Mobile Hong Kong Ltd		7,730,729
	1,270,000	e	China Overseas Land & Investment Ltd		2,983,118
	1,037,600		China Pacific Insurance Group Co Ltd		3,267,498
	1,411,500	*,e	China Railway Construction Corp		1,228,266
	3,601,000		Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd		878,608
	2,414,000		CNOOC Ltd		4,842,617
	1,286,000		COSCO Pacific Ltd		1,765,672
	1,652,000		CPMC Holdings Ltd		1,126,465
	542,500	e	Great Wall Motor Co Ltd		1,212,645
	4,002,000	e	Huaneng Power International, Inc		2,890,299
	11,208,834	e	Industrial & Commercial Bank of China		6,391,199
	1,354,000	e	Intime Department Store Group Co Ltd		1,267,388
	2,556,000	e	KWG Property Holding Ltd		1,402,993
	121,463	*,e	Melco PBL Entertainment Macau Ltd (ADR)		1,224,347
	579,500	e	Ping An Insurance Group Co of China Ltd		4,512,266
	239,000	e	Tencent Holdings Ltd		7,095,773
	598,000	*	Xinao Gas Holdings Ltd		2,281,156
			TOTAL CHINA		67,001,068
COLOMBIA - 2.1%
	86,064		Almacenes Exito S.A.		1,474,340
	53,518		BanColombia S.A.		811,684
	18,637,402		Bolsa de Valores de Colombia		303,673
	322,247		Cementos Argos S.A.		1,273,092
	1,610,529		Ecopetrol S.A.		4,628,216
	68,546		Inversiones Argos S.A.		658,647

12

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	57,572		Inversiones Argos S.A. (Preference)	$	552,558
	44,887		Pacific Rubiales Energy Corp		1,008,398
			TOTAL COLOMBIA		10,710,608
CYPRUS - 0.4%
	113,433	f	Globaltrans Investment plc (GDR) (purchased 8/31/10, cost $1,900,355)		2,138,297
			TOTAL CYPRUS		2,138,297
HONG KONG - 1.8%
	363,000		AIA Group Ltd		1,268,253
	22,290	*,m	Asia Pacific Investment Partners Limited		158,091
	690,000	e	China Resources Land Ltd		1,389,837
	3,190,000	e	Hutchison Telecommunications Hong Kong Holdings Ltd		1,546,646
	1,094,000		Lee & Man Holding Ltd		526,757
	994,000	e	Li & Fung Ltd		1,952,425
	334,000		Shangri-La Asia Ltd		655,874
	1,392,000		Techtronic Industries Co		1,872,404
			TOTAL HONG KONG		9,370,287
INDIA - 6.1%
	296,554	*	Cairn India Ltd		1,768,822
	492,841	*	DEN Networks Ltd		1,084,400
	469,395		DLF Ltd		1,752,993
	227,931		Exide Industries Ltd		524,434
	55,820		Godrej Industries Ltd		237,360
	16,964		Grasim Industries Ltd		873,691
	96,450		Havells India Ltd		926,692
	238,197		HDFC Bank Ltd		2,506,160
	107,387		Housing Development Finance Corp		1,327,487
	127,769		ICICI Bank Ltd		2,198,737
	409,861		Infrastructure Development Finance Co Ltd		984,273
	528,509		ITC Ltd		2,446,452
	77,460		Larsen & Toubro Ltd		1,896,045
	146,270		Lupin Ltd		1,575,254
	194,327		Phoenix Mills Ltd		640,842
	3,473,780	*	SpiceJet Ltd		1,999,844
	57,691		Strides Arcolab Ltd		737,275
	192,124		Sun Pharmaceuticals Industries Ltd		2,249,478
	63,800		Tata Consultancy Services Ltd		1,419,013
	165,765		United Spirits Ltd		2,410,092
	33,383		UTI Bank Ltd		622,187
	318,566		ZEE Telefilms Ltd		960,918
			TOTAL INDIA		31,142,449
INDONESIA - 4.0%
	3,535,000	*	Modern Internasional Tbk PT		268,573
	1,737,500		PT ACE Hardware Indonesia Tbk		1,077,796
	2,830,000		PT Astra International Tbk		2,080,617
	2,414,500		PT Bank Mandiri Persero Tbk		2,101,677
	1,117,500		PT Bank Negara Indonesia		467,109
	142,200		PT Gudang Garam Tbk		842,503

13

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	1,166,500		PT Harum Energy Indonesia Tbk	$	691,603
	213,500		PT Indo Tambangraya Megah		796,282
	685,000		PT Indocement Tunggal Prakarsa Tbk		1,548,865
	1,408,500		PT Indomobil Sukses Internasional Tbk		903,393
	2,490,500		PT Jasa Marga Tbk		1,493,579
	37,557,500		PT Kawasan Industri Jababeka Tbk		721,174
	8,414,875		PT Lippo Karawaci Tbk		788,919
	12,644,500	*	PT MNC Sky Vision Tbk		2,271,067
	1,144,500		PT Sumber Alfaria Trijaya Tbk		660,530
	4,078,000		PT Summarecon Agung Tbk		695,262
	668,000		PT Surya Citra Media Tbk		728,318
	533,500		PT United Tractors Tbk		1,175,228
	445,000		Straits Asia Resources Ltd		465,401
	1,326,000	*	Tower Bersama Infrastructure		548,346
			TOTAL INDONESIA		20,326,242
JAPAN - 0.3%
	27,200		Uni-Charm Corp		1,498,529
			TOTAL JAPAN		1,498,529
KOREA, REPUBLIC OF - 12.1%
	1,580		Amorepacific Corp		1,430,996
	60,140		Cheil Communications, Inc		1,004,778
	26,190		Hana Financial Group, Inc		829,454
	8,308		Hyundai Heavy Industries		1,760,441
	30,922		Hyundai Motor Co		6,423,884
	14,401		Hyundai Steel Co		1,058,708
	8,950		Hyundai Wia Corp		1,305,656
	38,476		KB Financial Group, Inc		1,211,694
	47,648		Kia Motors Corp		3,266,303
	12,231		LG Chem Ltd		3,356,252
	31,201		LG Corp		1,599,820
	3,402		LG Household & Health Care Ltd		1,753,807
	7,015		Mando Corp		1,006,532
	24,437		Samsung Electronics Co Ltd		28,090,847
	7,160		Samsung Engineering Co Ltd		1,146,207
	10,087		Samsung Fire & Marine Insurance Co Ltd		1,886,546
	53,270		Samsung Heavy Industries Co Ltd		1,821,531
	66,246		Shinhan Financial Group Co Ltd		2,101,210
	10,215		SK Energy Co Ltd		1,388,219
			TOTAL KOREA, REPUBLIC OF		62,442,885
LUXEMBOURG - 0.2%
	122,625	f	O’Key Group S.A. (GDR) (purchased 11/2/10, cost $1,079,787)		1,122,019
			TOTAL LUXEMBOURG		1,122,019
MACAU - 0.3%
	517,200		Sands China Ltd		1,517,114
			TOTAL MACAU		1,517,114

14

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
MALAYSIA - 1.0%
	337,700		Asiatic Development BHD	$	1,016,934
	932,900		Bumiputra-Commerce Holdings BHD		2,334,391
	835,700		TM International BHD		1,562,164
			TOTAL MALAYSIA		4,913,489
MEXICO - 7.9%
	164,200	e	Alfa S.A. de C.V. (Class A)		2,640,214
	447,196	*	Alpek SAB de C.V.		1,095,922
	1,187,206	*	Alsea SAB de C.V.		1,639,065
	5,271,200		America Movil S.A. de C.V. (Series L)		7,047,556
	558,300		Bolsa Mexicana de Valores S.A. de C.V.		1,066,347
	4,116,284	*	Cemex S.A. de C.V.		2,872,438
	576,700		Fibra Uno Administracion S.A. de C.V.		1,192,126
	433,200		Fomento Economico Mexicano S.A. de C.V.		3,707,047
	34,052		Fresnillo plc		773,063
	660,900	*,e	Genomma Lab Internacional S.A. de C.V.		1,332,386
	133,100		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		1,186,825
	372,700	*	Grupo Famsa SAB de C.V.		440,004
	706,180		Grupo Financiero Banorte S.A. de C.V.		3,781,410
	669,400		Grupo Televisa S.A.		3,053,916
	26,570		Industrias Penoles S.A. de C.V.		1,094,907
	622,100		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		1,300,476
	593,267		Mexichem SAB de C.V.		2,811,866
	1,188,800	e	Wal-Mart de Mexico S.A. de C.V. (Series V)		3,367,455
			TOTAL MEXICO		40,403,023
PERU - 1.1%
	292,588		Alicorp S.A.		755,425
	42,034	m	Bolsa de Valores de Lima S.A.		144,062
	19,173		Cia de Minas Buenaventura S.A. (ADR) (Series B)		698,281
	18,618		Credicorp Ltd (NY)		2,158,571
	744,141		Ferreyros S.A.		606,421
	261,943		Grana y Montero S.A.		827,923
	16,600	f	Intergroup Financial Services Corp (purchased 8/31/10, cost $474,016)		522,900
			TOTAL PERU		5,713,583
PHILIPPINES - 3.3%
	2,186,000		Ayala Land, Inc		1,139,675
	633,962		Banco de Oro Universal Bank		975,721
	5,932,300	*	Bloomberry Resorts Corp		1,449,502
	600,720		DMCI Holdings, Inc		840,032
	66,570	*	GT Capital Holdings, Inc		868,184
	759,580		International Container Term Services, Inc		1,317,646
	900,500		JG Summit Holdings (Series B)		728,056
	22,402,000	f	Megaworld Corp (purchased 6/27/12, cost $1,168,103)		1,207,008
	10,696,000		Metro Pacific Investments Corp		1,066,711
	844,489		Metropolitan Bank & Trust		2,017,296
	41,050		Philippine Stock Exchange, Inc		355,649
	2,213,600		Robinsons Land Corp		1,029,943
	270,220		Security Bank Corp		912,115
	62,060		SM Investments Corp		1,110,546
	3,601,775		SM Prime Holdings		1,204,470

15

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	538,400		Universal Robina	$	756,035
			TOTAL PHILIPPINES		16,978,589
POLAND - 0.7%
	30,046		Bank Pekao S.A.		1,253,717
	31,176	*	Orbis S.A.		335,010
	16,630		Powszechny Zaklad Ubezpieczen S.A.		1,756,603
	22,202		Warsaw Stock Exchange		225,884
			TOTAL POLAND		3,571,214
PORTUGAL - 0.1%
	42,325		Jeronimo Martins SGPS S.A.		663,410
			TOTAL PORTUGAL		663,410
RUSSIA - 7.1%
	46,721	f	Eurasia Drilling Co Ltd (GDR) (purchased 10/6/10, cost $1,218,455)		1,284,828
	771,365		Gazprom OAO (ADR)		7,092,237
	94,256		LUKOIL (ADR)		5,299,140
	105,650	f	Magnit OAO (GDR) (purchased 9/23/10, cost $2,796,632)		3,408,846
	52,209	*,f	Mail.ru (GDR) (purchased 6/16/11, cost $1,876,596)		1,574,978
	97,654	*,f	NOMOS-BANK (GDR) (purchased 4/19/11, cost $1,449,594)		1,139,997
	49,375	f	NovaTek OAO (GDR) (purchased 10/6/10, cost $6,275,296)		5,544,463
	243,444	f	Rosneft Oil Co (GDR) (purchased 7/25/12, cost $1,446,077)		1,457,390
	531,897		Sberbank of Russian Federation (ADR)		5,884,458
	104,015	f	TransContainer OAO (GDR) (purchased 9/9/11, cost $1,069,842)		1,212,815
	42,969	f	Uralkali (GDR) (purchased 11/9/10, cost $1,632,607)		1,784,649
	53,466	*,e	Yandex NV		1,028,151
			TOTAL RUSSIA		36,711,952
SINGAPORE - 1.2%
	1,808,000		Golden Agri-Resources Ltd		1,070,694
	217,000		Keppel Corp Ltd		1,942,144
	702,000		Petra Foods Ltd		1,349,212
	428,000		SembCorp Marine Ltd		1,665,369
			TOTAL SINGAPORE		6,027,419
SOUTH AFRICA - 7.3%
	363,273	e	African Bank Investments Ltd		1,599,980
	60,204		AngloGold Ashanti Ltd		2,037,584
	89,583		Aspen Pharmacare Holdings Ltd		1,570,721
	293,350		AVI Ltd		2,091,956
	36,728		Capitec Bank Holdings Ltd		966,675
	135,943	e	Clicks Group Ltd		895,402
	933,152		FirstRand Ltd		3,110,590
	76,611		Foschini Ltd		1,317,804
	648,142		Growthpoint Properties Ltd		1,988,504
	124,744		Imperial Holdings Ltd		2,846,981
	461,474		Life Healthcare Group Holdings Pte Ltd		1,869,920
	133,122		Mr Price Group Ltd		1,981,561
	277,714		MTN Group Ltd		4,992,743

16

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	80,090		Naspers Ltd (N Shares)	$	4,344,681
	552,422		Sanlam Ltd		2,371,084
	47,498		Sasol Ltd		1,970,371
	230,137		Woolworths Holdings Ltd		1,495,344
			TOTAL SOUTH AFRICA		37,451,901
TAIWAN - 6.1%
	672,000		Advanced Semiconductor Engineering, Inc		516,562
	768,000		Career Technology Co Ltd		1,066,707
	337,000		Catcher Technology Co Ltd		1,609,805
	1,752,748		Chinatrust Financial Holding Co		1,040,089
	1,327,000		Far EasTone Telecommunications Co Ltd		3,327,734
	388,000		Formosa Chemicals & Fibre Corp		1,019,242
	42,100		Formosa International Hotels Corp		448,557
	784,676		Fubon Financial Holding Co Ltd		815,639
	1,262,900		Hon Hai Precision Industry Co, Ltd		3,518,509
	39,000		Largan Precision Co Ltd		791,634
	82,000	*	MediaTek, Inc		689,576
	1,314,580		Mega Financial Holding Co Ltd		1,056,399
	495,000		Nan Ya Plastics Corp		958,832
	184,000		Richtek Technology Corp		1,010,798
	371,000		Taiwan Fertilizer Co Ltd		871,293
	4,049,000		Taiwan Semiconductor Manufacturing Co Ltd		10,959,801
	99,000		TPK Holding Co Ltd		1,086,964
	231,000	*	Zhen Ding Technology Holding Ltd		689,080
			TOTAL TAIWAN		31,477,221
THAILAND - 3.3%
	287,800		Advanced Info Service PCL		1,819,861
	2,551,300		Amata Corp PCL (Foreign)		1,385,296
	124,200		Bangkok Bank PCL (ADR)		769,357
	113,500		Bangkok Bank PCL (Foreign)		746,027
	295,300		BEC World PCL (Foreign)		525,672
	840,100		CP Seven Eleven PCL		904,310
	9,165,200		Jasmine International PCL		949,518
	278,300		Kasikornbank PCL - NVDR		1,538,007
	1,544,100		LPN Development PCL		848,364
	3,675,110		Minor International PCL (Foreign)		1,822,573
	175,600		PTT PCL		1,809,054
	16,937,250		Quality House PCL		952,619
	655,600		Robinson Department Store PCL (ADR)		1,267,967
	320,700		Siam Commercial Bank PCL		1,640,695
			TOTAL THAILAND		16,979,320
TURKEY - 2.3%
	196,207		Anadolu Hayat Emeklilik AS		534,945
	260,660		Arcelik AS		1,289,233
	48,593		Bizim Toptan Satis Magazalari AS		716,472
	63,218		Coca-Cola Icecek AS		980,197
	558,078		Emlak Konut Gayrimenkul Yatiri		740,860
	256,958		Enka Insaat ve Sanayi AS		742,076
	305,228		KOC Holding AS		1,184,204

17

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	365,750		Sinpas Gayrimenkul Yatirim Ortakligi AS	$	251,422
	280,412		TAV Havalimanlari Holding AS		1,531,242
	446,153	*	Turk Hava Yollari		850,743
	667,953		Turkiye Garanti Bankasi AS		2,596,473
	248,059	*	Yapi ve Kredi Bankasi		511,022
			TOTAL TURKEY		11,928,889
UKRAINE - 0.4%
	47,664	*	Kernel Holding S.A.		993,525
	71,724	*,f	MHP SA (GDR) (purchased 11/22/10, cost $1,110,042)		915,786
			TOTAL UKRAINE		1,909,311
UNITED KINGDOM - 1.0%
	818,253	*	Afren plc		1,632,248
	75,158		Antofagasta plc		1,255,824
	88,887		Standard Chartered plc (Hong Kong)		2,059,022
			TOTAL UNITED KINGDOM		4,947,094
UNITED STATES - 0.6%
	128,593	*	Alacer Gold Corp (ADR)		791,011
	23,706		Las Vegas Sands Corp		863,373
	42,151		Southern Copper Corp (NY)		1,360,634
			TOTAL UNITED STATES		3,015,018
			TOTAL COMMON STOCKS		506,484,345
			(Cost $502,752,923)
PREFERRED STOCKS - 0.9%
BRAZIL - 0.9%
	125,560		Ambev Cia De Bebidas Das		4,816,646
			TOTAL BRAZIL		4,816,646
PHILIPPINES - 0.0%
	1,721,900	m	Ayala Land, Inc (Preferred B)		4,125
			TOTAL PHILIPPINES		4,125
			TOTAL PREFERRED STOCKS		4,820,771
			(Cost $4,271,502)
RIGHTS / WARRANTS - 0.2%
BRAZIL - 0.0%
	201,258	*	PDG Realty S.A. Empreendimentos e Participacoes		3,929
			TOTAL BRAZIL		3,929
NIGERIA - 0.2%
	13,671,230	m	Deutsche Bank, First Bank of Nigeria plc		956,986
			TOTAL NIGERIA		956,986
			TOTAL RIGHTS / WARRANTS		960,915
			(Cost $970,444)

18

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
SHORT-TERM INVESTMENTS - 5.6%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.6%
	29,039,723	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	$	29,039,723
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		29,039,723
			TOTAL SHORT-TERM INVESTMENTS		29,039,723
			(Cost $29,039,723)
			TOTAL INVESTMENTS - 105.3%		541,305,754
			(Cost $537,034,592)
			OTHER ASSETS & LIABILITIES, NET - (5.3)%		(27,062,169	)
			NET ASSETS - 100.0%	$	514,243,585
			Abbreviation(s):
			ADR     American Depositary Receipt
			GDR     Global Depositary Receipt
			NVDR  Non Voting Depository Receipt
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $27,351,547.
		f	Restricted security. At 7/31/2012, the aggregate value of these securities amounted to $23,313,976 or 4.5% of net assets.
		m	Indicates a security that has been deemed illiquid.

19

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2012

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	134,231,084			26.1	%
CONSUMER DISCRETIONARY		67,084,403			13.1
INFORMATION TECHNOLOGY		63,361,444			12.3
INDUSTRIALS		54,542,690			10.6
CONSUMER STAPLES		52,026,991			10.1
ENERGY		49,870,392			9.7
MATERIALS		43,354,446			8.4
TELECOMMUNICATION SERVICES		31,389,032			6.1
HEALTH CARE		9,335,034			1.8
UTILITIES		7,070,515			1.4
SHORT - TERM INVESTMENTS		29,039,723			5.7
OTHER ASSETS & LIABILITIES, NET		(27,062,169	)		(5.3	)
NET ASSETS	$	514,243,585			100.0	%

20

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.8%
AUTOMOBILES & COMPONENTS - 0.5%
	71,607	*	BorgWarner, Inc	$	4,804,830
	131,683	*,e	Tesla Motors, Inc		3,610,748
			TOTAL AUTOMOBILES & COMPONENTS		8,415,578
CAPITAL GOODS - 6.8%
	449,856		Boeing Co		33,248,857
	178,684		European Aeronautic Defence and Space Co		6,411,862
	338,777		Honeywell International, Inc		19,666,005
	188,652		Precision Castparts Corp		29,346,705
	154,844		Roper Industries, Inc		15,399,236
			TOTAL CAPITAL GOODS		104,072,665
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	277,497	*	Nielsen Holdings NV		7,908,665
	239,045	*	Verisk Analytics, Inc		12,012,011
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		19,920,676
CONSUMER DURABLES & APPAREL - 2.9%
	364,651	e	Burberry Group plc		7,141,313
	319,669		Nike, Inc (Class B)		29,841,101
	51,919		Ralph Lauren Corp		7,493,989
			TOTAL CONSUMER DURABLES & APPAREL		44,476,403
CONSUMER SERVICES - 3.0%
	165,980		Las Vegas Sands Corp		6,044,992
	302,616	*	Orient-Express Hotels Ltd (Class A)		2,759,858
	488,090		Starbucks Corp		22,100,715
	283,579		Starwood Hotels & Resorts Worldwide, Inc		15,355,803
			TOTAL CONSUMER SERVICES		46,261,368
DIVERSIFIED FINANCIALS - 4.2%
	163,565		American Express Co		9,439,336
	207,492		Ameriprise Financial, Inc		10,731,486
	966,390		Blackstone Group LP		13,384,502
	108,885	*	IntercontinentalExchange, Inc		14,287,890
	389,503		Moody’s Corp		15,786,556
			TOTAL DIVERSIFIED FINANCIALS		63,629,770
ENERGY - 4.4%
	153,433		EOG Resources, Inc		15,037,968
	235,581		National Oilwell Varco, Inc		17,032,506
	288,782		Schlumberger Ltd		20,578,606
	521,523		Suncor Energy, Inc		15,944,454
			TOTAL ENERGY		68,593,534

21

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 0.8%
	155,531		Wal-Mart Stores, Inc	$	11,576,172
			TOTAL FOOD & STAPLES RETAILING		11,576,172
FOOD, BEVERAGE & TOBACCO - 1.3%
	150,024		Hershey Co		10,762,722
	121,343		Mead Johnson Nutrition Co		8,853,185
			TOTAL FOOD, BEVERAGE & TOBACCO		19,615,907
HEALTH CARE EQUIPMENT & SERVICES - 4.1%
	78,675	*	Catamaran Corp		6,648,824
	194,517	*	Cerner Corp		14,378,697
	75,170	*	Edwards Lifesciences Corp		7,607,204
	182,916	*	Express Scripts Holding Co		10,598,153
	49,929	*	Intuitive Surgical, Inc		24,040,814
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		63,273,692
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	525,474		Estee Lauder Cos (Class A)		27,524,328
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		27,524,328
MATERIALS - 5.0%
	60,251		Celanese Corp (Series A)		2,297,371
	166,668		Ecolab, Inc		10,908,420
	523,171		Monsanto Co		44,793,901
	71,676		PPG Industries, Inc		7,845,655
	82,243		Sherwin-Williams Co		11,049,347
			TOTAL MATERIALS		76,894,694
MEDIA - 6.0%
	527,292		Comcast Corp (Class A)		17,163,355
	316,144	*	DIRECTV		15,699,711
	205,820	*	Discovery Communications, Inc (Class A)		10,420,666
	150,423		Omnicom Group, Inc		7,548,226
	212,274		Scripps Networks Interactive (Class A)		11,430,955
	613,484		Walt Disney Co		30,146,604
			TOTAL MEDIA		92,409,517
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.3%
	211,763		Abbott Laboratories		14,042,004
	288,225		Agilent Technologies, Inc		11,036,135
	173,930	*	Alexion Pharmaceuticals, Inc		18,236,561
	165,595		Allergan, Inc		13,590,382
	228,788		Amgen, Inc		18,897,889
	69,105	*	Biogen Idec, Inc		10,077,582
	160,405	*	BioMarin Pharmaceuticals, Inc		6,302,312
	108,116	*	Celgene Corp		7,401,621
	203,821	*	Gilead Sciences, Inc		11,073,595
	160,966	*,e	Illumina, Inc		6,675,260

22

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	285,655		Johnson & Johnson	$	19,773,039
	129,520		Novo Nordisk AS (Class B)		19,970,377
	136,128	*	Onyx Pharmaceuticals, Inc		10,205,516
	49,800	*	Regeneron Pharmaceuticals, Inc		6,705,570
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		173,987,843
REAL ESTATE - 0.8%
	160,678		American Tower Corp		11,618,626
			TOTAL REAL ESTATE		11,618,626
RETAILING - 5.6%
	261,156	*	Amazon.com, Inc		60,927,695
	383,449		Lowe’s Companies, Inc		9,728,101
	11,694	*	Priceline.com, Inc		7,738,387
	122,740		Target Corp		7,444,181
			TOTAL RETAILING		85,838,364
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	165,026		Avago Technologies Ltd		6,105,962
	458,266		Broadcom Corp (Class A)		15,526,052
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		21,632,014
SOFTWARE & SERVICES - 22.0%
	721,089	*	Adobe Systems, Inc		22,267,228
	52,245	*	Akamai Technologies, Inc		1,837,979
	232,765	*	Autodesk, Inc		7,895,389
	253,689	*	Cognizant Technology Solutions Corp (Class A)		14,401,925
	841,298	*	eBay, Inc		37,269,501
	327,126	*	Gartner, Inc		14,521,123
	74,135	*	Google, Inc (Class A)		46,925,231
	974,462		Intuit, Inc		56,538,285
	68,667		Mastercard, Inc (Class A)		29,977,952
	762,915		Microsoft Corp		22,483,105
	388,140	*	Nuance Communications, Inc		7,898,649
	458,172	*	Red Hat, Inc		24,585,510
	90,992	*	Salesforce.com, Inc		11,315,765
	300,948		Visa, Inc (Class A)		38,843,358
			TOTAL SOFTWARE & SERVICES		336,761,000
TECHNOLOGY HARDWARE & EQUIPMENT - 12.4%
	194,654	*	Apple, Inc		118,886,877
	461,171		Cisco Systems, Inc		7,355,678
	1,250,952	*	EMC Corp		32,787,452
	109,913	*	F5 Networks, Inc		10,263,676
	339,324		Qualcomm, Inc		20,250,856
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		189,544,539
TELECOMMUNICATION SERVICES - 1.2%
	66,417	*	SBA Communications Corp (Class A)		3,922,588
	305,036		Verizon Communications, Inc		13,769,325
			TOTAL TELECOMMUNICATION SERVICES		17,691,913

23

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
TRANSPORTATION - 1.0%
	170,239		FedEx Corp				$	15,372,582
			TOTAL TRANSPORTATION					15,372,582
			TOTAL COMMON STOCKS					1,499,111,185
			(Cost $1,290,954,714)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 1.4%
TREASURY DEBT - 0.7%
	$10,000,000		United States Treasury Bill	0.042	%	09/13/12		9,999,104
	800,000		United States Treasury Bill	0.006		08/02/12		799,999
								10,799,103
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	11,246,177	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust					11,246,177
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					11,246,177
			TOTAL SHORT-TERM INVESTMENTS					22,045,280
			(Cost $22,045,280)
			TOTAL INVESTMENTS - 99.2%					1,521,156,465
			(Cost $1,312,999,994)
			OTHER ASSETS & LIABILITIES, NET - 0.8%					12,908,705
			NET ASSETS - 100.0%				$	1,534,065,170
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $10,829,838.

24

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 0.6%
	605,559	*	American Axle & Manufacturing Holdings, Inc	$	6,533,982
	62,082	*	BorgWarner, Inc		4,165,702
	212,442		Ford Motor Co		1,962,964
	120,672	*	Visteon Corp		3,913,393
			TOTAL AUTOMOBILES & COMPONENTS		16,576,041
BANKS - 6.0%
	3,261,322		Barclays plc		8,493,797
	126,290		BB&T Corp		3,961,717
	4,100,500		BOC Hong Kong Holdings Ltd		12,541,683
	453,977		Fifth Third Bancorp		6,273,962
	1,613,862		Huntington Bancshares, Inc		10,030,152
	107,486		PNC Financial Services Group, Inc		6,352,423
	1,654,772		Regions Financial Corp		11,517,213
	116,531		SunTrust Banks, Inc		2,755,958
	663,057		TCF Financial Corp		6,849,379
	757,419		US Bancorp		25,373,537
	2,026,469		Wells Fargo & Co		68,514,917
			TOTAL BANKS		162,664,738
CAPITAL GOODS - 8.4%
	323,984		Boeing Co		23,945,657
	532,542		CAE, Inc		5,368,699
	574,924	*	Edwards Group Ltd (ADR)		3,880,737
	14,975	*	Engility Holdings, Inc		218,635
	4,083,137		General Electric Co		84,725,093
	197,691		Honeywell International, Inc		11,475,963
	314,236		Illinois Tool Works, Inc		17,075,584
	1,817,255		Invensys plc		6,840,415
	89,853		L-3 Communications Holdings, Inc		6,369,679
	607,802		Masco Corp		7,311,858
	204,602	*,e	Polypore International, Inc		7,603,010
	223,503		SPX Corp		13,571,102
	274,673		Textron, Inc		7,155,232
	542,056		Tyco International Ltd		29,780,556
			TOTAL CAPITAL GOODS		225,322,220
CONSUMER DURABLES & APPAREL - 1.0%
	292,743		Jarden Corp		13,231,984
	1,150,048	*	Pulte Homes, Inc		12,995,542
			TOTAL CONSUMER DURABLES & APPAREL		26,227,526

25

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.8%
	557,757		Carnival Corp	$	18,562,153
	280,266		Interval Leisure Group, Inc		5,140,078
	899,776	*	Orient-Express Hotels Ltd (Class A)		8,205,957
	296,612	*	Penn National Gaming, Inc		11,544,139
	95,459		Six Flags Entertainment Corp		5,499,393
			TOTAL CONSUMER SERVICES		48,951,720
DIVERSIFIED FINANCIALS - 7.9%
	336,850		Apollo Management LP		4,571,055
	3,243,991		Bank of America Corp		23,810,894
	1,254,998		Blackstone Group LP		17,381,722
	321,634		Capital One Financial Corp		18,169,104
	1,537,485		Citigroup, Inc		41,711,968
	538,280		Discover Financial Services		19,356,549
	50,635		Goldman Sachs Group, Inc		5,109,071
	1,022,143		JPMorgan Chase & Co		36,797,148
	2,173,141		Morgan Stanley		29,685,106
	367,413		State Street Corp		14,836,137
			TOTAL DIVERSIFIED FINANCIALS		211,428,754
ENERGY - 16.3%
	242,044		Anadarko Petroleum Corp		16,807,535
	239,176		Baker Hughes, Inc		11,078,632
	154,876		Cabot Oil & Gas Corp		6,534,219
	205,435		Cenovus Energy, Inc		6,267,822
	660,497		Chevron Corp		72,377,261
	527,201	*	Cobalt International Energy, Inc		13,232,745
	185,492	e	Crescent Point Energy Corp		7,372,699
	326,449		Energy Transfer Partners LP		14,951,364
	171,492		EOG Resources, Inc		16,807,931
	39,977		Equitable Resources, Inc		2,254,703
	1,448,360	e	EXCO Resources, Inc		10,196,454
	1,364,240		Exxon Mobil Corp		118,484,244
	1,561,638	*	Kodiak Oil & Gas Corp		13,039,677
	137,768		Marathon Petroleum Corp		6,516,426
	723,434	*	Matador Resources Co		7,574,354
	47,767		Noble Energy, Inc		4,176,269
	638,406		Occidental Petroleum Corp		55,560,474
	43,590		Phillips 66		1,638,984
	528,456	*	Southwestern Energy Co		17,571,162
	9,963		Spectra Energy Corp		305,765
	213		Sunoco, Inc		10,265
	327,774		Transocean Ltd		15,349,656
	1,219,895	*	Weatherford International Ltd		14,699,735
	225,580		Williams Cos, Inc		7,171,188
			TOTAL ENERGY		439,979,564
FOOD & STAPLES RETAILING - 0.5%
	119,022		CVS Corp		5,385,745
	198,661		Walgreen Co		7,223,314
			TOTAL FOOD & STAPLES RETAILING		12,609,059

26

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 4.3%
	514,503		Altria Group, Inc	$	18,506,673
	213,011	*	Constellation Brands, Inc (Class A)		6,009,040
	322,302	e	Consumer Staples Select Sector SPDR Fund		11,483,620
	999,967	*	DE Master Blenders 1753 NV		11,588,753
	58,083		Hillshire Brands Co		1,487,506
	658,736		Kraft Foods, Inc (Class A)		26,158,406
	226,798		PepsiCo, Inc		16,495,019
	58,956		Philip Morris International, Inc		5,390,936
	164,399	*	Ralcorp Holdings, Inc		9,809,688
	82,712	e	Remy Cointreau S.A.		9,761,024
			TOTAL FOOD, BEVERAGE & TOBACCO		116,690,665
HEALTH CARE EQUIPMENT & SERVICES - 3.7%
	160,183		Baxter International, Inc		9,372,307
	1,032,360	*	Boston Scientific Corp		5,337,301
	495,847		Cardinal Health, Inc		21,366,047
	165,494		Cigna Corp		6,666,099
	442,377		Medtronic, Inc		17,438,502
	394,700	*	Olympus Corp		7,391,568
	558,192		UnitedHealth Group, Inc		28,518,029
	63,913		WellPoint, Inc		3,405,924
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		99,495,777
HOUSEHOLD & PERSONAL PRODUCTS - 2.6%
	461,732		Avon Products, Inc		7,152,229
	962,442		Procter & Gamble Co		62,116,007
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		69,268,236
INSURANCE - 6.8%
	334,009		ACE Ltd		24,549,662
	247,131		Allstate Corp		8,476,593
	132,104		Aon plc		6,499,517
	48	*	Berkshire Hathaway, Inc		6,117,360
	190,772	*	Berkshire Hathaway, Inc (Class B)		16,185,096
	72,513		Everest Re Group Ltd		7,374,572
	676,103		Hartford Financial Services Group, Inc		11,121,894
	488,750		Marsh & McLennan Cos, Inc		16,231,388
	66,264		Max Capital Group Ltd		1,541,963
	502,566		Metlife, Inc		15,463,956
	62,847		PartnerRe Ltd		4,552,637
	600,692		Principal Financial Group		15,371,708
	340,334		Prudential Financial, Inc		16,431,326
	71,633		RenaissanceRe Holdings Ltd		5,300,126
	296,389		Travelers Cos, Inc		18,568,771
	376,933		XL Capital Ltd		7,783,666
			TOTAL INSURANCE		181,570,235
MATERIALS - 2.8%
	139,704		Ashland, Inc		9,833,765
	231,912		Cleveland-Cliffs, Inc		9,482,882
	385,173		Georgia Gulf Corp		12,625,971
	669,612		PolyOne Corp		9,863,385

27

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	428,096		Sealed Air Corp	$	6,935,155
	379,000		Teijin Ltd		1,108,494
	382,595		Walter Energy, Inc		13,123,008
	207,337	e	Westlake Chemical Corp		12,307,524
			TOTAL MATERIALS		75,280,184
MEDIA - 2.8%
	503,508		Comcast Corp (Class A)		16,389,185
	449,462		DISH Network Corp (Class A)		13,825,451
	384,633		News Corp (Class A)		8,854,252
	410,247		Time Warner, Inc		16,048,863
	436,327		Walt Disney Co		21,441,109
			TOTAL MEDIA		76,558,860
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.5%
	177,343		Amgen, Inc		14,648,532
	1,439,690	*	Biovitrum AB		5,006,439
	250,200		Eli Lilly & Co		11,016,306
	826,130		Johnson & Johnson		57,184,719
	1,008,466		Merck & Co, Inc		44,543,943
	3,351,089		Pfizer, Inc		80,560,179
	872,671		Teva Pharmaceutical Industries Ltd (ADR)		35,683,517
	431,200		Warner Chilcott plc		7,330,400
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		255,974,035
REAL ESTATE - 3.1%
	37,426		Boston Properties, Inc		4,150,543
	1,322,315		Chimera Investment Corp		2,856,200
	507,411	*	Forest City Enterprises, Inc (Class A)		7,159,569
	127,657		General Growth Properties, Inc		2,313,145
	591,579		Kimco Realty Corp		11,529,875
	380,760		Mack-Cali Realty Corp		10,200,560
	178,111		Potlatch Corp		6,164,422
	4,788		Rouse Properties, Inc		66,266
	119,658		SL Green Realty Corp		9,423,068
	179,351		Starwood Property Trust, Inc		3,992,353
	20,272		Vornado Realty Trust		1,692,712
	707,750		Weyerhaeuser Co		16,525,963
	1,054,000		Wharf Holdings Ltd		6,069,538
			TOTAL REAL ESTATE		82,144,214
RETAILING - 2.9%
	162,416		Abercrombie & Fitch Co (Class A)		5,489,661
	698,439		Best Buy Co, Inc		12,634,761
	183,231		Expedia, Inc		10,442,335
	726,234	e	JC Penney Co, Inc		16,347,527
	2,080,000		Li & Fung Ltd		4,085,558
	529,329		Lowe’s Companies, Inc		13,429,077
	64,717		Target Corp		3,925,086
	274,940	*	Urban Outfitters, Inc		8,399,417
			TOTAL RETAILING		74,753,422

28

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.0%
	198,011		Avago Technologies Ltd	$	7,326,407
	221,782		Broadcom Corp (Class A)		7,513,974
	929,860	*,e	Freescale Semiconductor Holdings Ltd		9,921,606
	282,054	*	Lam Research Corp		9,705,478
	402,491	*	Nvidia Corp		5,449,728
	1,320,091	*	ON Semiconductor Corp		9,161,432
	1,055,253	*	RF Micro Devices, Inc		4,094,382
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		53,173,007
SOFTWARE & SERVICES - 1.7%
	384,070	*,e	AOL, Inc		12,236,470
	118,982		DST Systems, Inc		6,413,130
	482,994	*	eBay, Inc		21,396,634
	160,007	*,e	VistaPrint Ltd		5,520,242
			TOTAL SOFTWARE & SERVICES		45,566,476
TECHNOLOGY HARDWARE & EQUIPMENT - 4.0%
	423,671	*,e	Ciena Corp		6,791,446
	2,143,942		Cisco Systems, Inc		34,195,875
	1,699,671		Corning, Inc		19,393,246
	1,360,720		Hewlett-Packard Co		24,819,533
	450,000	e	Hitachi Ltd		2,652,950
	839,113	*	JDS Uniphase Corp		8,256,872
	465,270	*	Juniper Networks, Inc		8,156,183
	94,871	*	SanDisk Corp		3,902,044
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		108,168,149
TELECOMMUNICATION SERVICES - 3.8%
	2,524,658		AT&T, Inc		95,735,032
	128,467	*	Level 3 Communications, Inc		2,475,559
	156,555	*	tw telecom inc (Class A)		3,934,227
			TOTAL TELECOMMUNICATION SERVICES		102,144,818
TRANSPORTATION - 1.2%
	163,097		FedEx Corp		14,727,659
	767,560	*	Hertz Global Holdings, Inc		8,642,726
	309,853	*	UAL Corp		5,853,123
	368,835		UTI Worldwide, Inc		4,887,064
			TOTAL TRANSPORTATION		34,110,572
UTILITIES - 5.5%
	497,714	*	Calpine Corp		8,505,932
	410,669		Centerpoint Energy, Inc		8,648,689
	274,464		Duke Energy Corp		18,603,170
	83,185		Edison International		3,841,483
	22,696		Entergy Corp		1,649,318
	857,215		Exelon Corp		33,534,251
	217,755		FirstEnergy Corp		10,935,656
	124,517		NextEra Energy, Inc		8,828,255

29

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	RATE	MATURITY DATE	VALUE
	259,140		PG&E Corp			$	11,961,902
	363,296		PPL Corp				10,499,255
	2,070,375	*	RRI Energy, Inc				4,927,493
	168,320	e	Utilities Select Sector SPDR Fund				6,382,695
	611,256		Xcel Energy, Inc				17,909,801
			TOTAL UTILITIES				146,227,900
			TOTAL COMMON STOCKS				2,664,886,172
			(Cost $2,632,746,615)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 5.3%
TREASURY DEBT - 1.1%
	$29,400,000	United States Treasury Bill	0.005%-0.006	%	08/02/12	29,399,955
						29,399,955

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.2%
	114,140,665	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		114,140,665
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		114,140,665
			TOTAL SHORT-TERM INVESTMENTS		143,540,620
			(Cost $143,540,620)
			TOTAL INVESTMENTS - 104.5%		2,808,426,792
			(Cost $2,776,287,235)
			OTHER ASSETS & LIABILITIES, NET - (4.5)%		(120,367,582	)
			NET ASSETS - 100.0%	$	2,688,059,210

	Abbreviation(s):
	ADR	American Depositary Receipt
	SPDR	Standard & Poor’s Depository Receipts
*	Non-income producing.
a	Affiliated holding.
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $111,191,085.

30

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.4%
AUTOMOBILES & COMPONENTS - 0.4%
	187,132	*,e	Tesla Motors, Inc	$	5,131,159
			TOTAL AUTOMOBILES & COMPONENTS		5,131,159
BANKS - 1.2%
	791,863		CapitalSource, Inc		5,186,703
	166,196	*	Signature Bank		10,719,642
			TOTAL BANKS		15,906,345
CAPITAL GOODS - 10.6%
	242,484		Chicago Bridge & Iron Co NV		8,666,378
	226,537		Crane Co		8,834,943
	47,743		Cummins, Inc		4,578,554
	137,321		Flowserve Corp		16,475,773
	275,103	*	Fortune Brands Home & Security, Inc		6,085,278
	197,071		Joy Global, Inc		10,235,868
	317,696		KBR, Inc		8,336,343
	103,231	*	Middleby Corp		10,108,379
	246,083	*,e	MRC Global, Inc		5,686,978
	178,668	*	Owens Corning, Inc		4,799,023
	177,258		Roper Industries, Inc		17,628,308
	145,810		Snap-On, Inc		9,883,002
	207,963		Timken Co		7,528,261
	87,327	*	TransDigm Group, Inc		10,772,659
	411,255		Trinity Industries, Inc		11,515,140
			TOTAL CAPITAL GOODS		141,134,887
COMMERCIAL & PROFESSIONAL SERVICES - 3.2%
	182,432	*	Acacia Research (Acacia Technologies)		5,164,650
	181,064	*	Clean Harbors, Inc		10,961,615
	79,575	*	Portfolio Recovery Associates, Inc		6,738,411
	158,117		Towers Watson & Co		9,270,400
	219,394	*	Verisk Analytics, Inc		11,024,548
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		43,159,624
CONSUMER DURABLES & APPAREL - 4.1%
	267,385		Jarden Corp		12,085,802
	121,500		Phillips-Van Heusen Corp		9,650,745
	178,688		Polaris Industries, Inc		13,430,190
	264,176	*,e	SodaStream International Ltd		10,305,506
	176,004		Tupperware Corp		9,226,129
			TOTAL CONSUMER DURABLES & APPAREL		54,698,372

31

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.7%
	230,769	*	Chuy’s Holdings, Inc	$	4,017,688
	461,538	*	Del Frisco’s Restaurant Group, Inc		5,999,994
	235,000		Starwood Hotels & Resorts Worldwide, Inc		12,725,250
			TOTAL CONSUMER SERVICES		22,742,932
DIVERSIFIED FINANCIALS - 5.9%
	98,117	*	Affiliated Managers Group, Inc		10,948,876
	484,228	*,e	Financial Engines, Inc		9,088,960
	106,106	*	IntercontinentalExchange, Inc		13,923,229
	461,486	e	iShares Russell Midcap Growth Index Fund		27,292,282
	406,000		Moody’s Corp		16,455,180
			TOTAL DIVERSIFIED FINANCIALS		77,708,527
ENERGY - 5.8%
	404,923	*	Cobalt International Energy, Inc		10,163,567
	193,488	*	Concho Resources, Inc		16,494,852
	229,112	e	Crescent Point Energy Corp		9,106,451
	519,862	*	Denbury Resources, Inc		7,860,314
	357,163		Kinder Morgan, Inc		12,790,007
	177,528	*	Laredo Petroleum Holdings, Inc		4,079,594
	92,148		Lufkin Industries, Inc		4,243,415
	521,591	*,e	Solazyme, Inc		7,161,444
	276,618		Tullow Oil plc		5,567,707
			TOTAL ENERGY		77,467,351
FOOD & STAPLES RETAILING - 1.0%
	149,560		Whole Foods Market, Inc		13,726,617
			TOTAL FOOD & STAPLES RETAILING		13,726,617
FOOD, BEVERAGE & TOBACCO - 4.9%
	120,783	*	Hain Celestial Group, Inc		6,726,405
	180,168		Ingredion, Inc		9,354,323
	139,214		Lorillard, Inc		17,908,489
	129,712		Mead Johnson Nutrition Co		9,463,787
	111,111	*	Monster Beverage Corp		7,385,548
	111,895		Remy Cointreau S.A.		13,204,974
			TOTAL FOOD, BEVERAGE & TOBACCO		64,043,526
HEALTH CARE EQUIPMENT & SERVICES - 4.7%
	86,839	*	Air Methods Corp		9,468,056
	173,628	*	Catamaran Corp		14,673,303
	88,591	*	Cerner Corp		6,548,647
	70,067	*	DaVita, Inc		6,895,994
	82,119	*	Edwards Lifesciences Corp		8,310,443
	36,485		Humana, Inc		2,247,476
	16,009	*	Intuitive Surgical, Inc		7,708,333
	145,518	*	Sirona Dental Systems, Inc		6,290,743
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		62,142,995

32

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 1.3%
	141,964		Estee Lauder Cos (Class A)	$	7,436,074
	78,845		Herbalife Ltd		4,327,802
	98,000		Nu Skin Enterprises, Inc (Class A)		4,998,980
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		16,762,856
MATERIALS - 7.4%
	97,206		Airgas, Inc		7,710,380
	157,627		Ashland, Inc		11,095,365
	613,935	*	Calgon Carbon Corp		8,496,860
	127,903		Celanese Corp (Series A)		4,876,941
	69,912		CF Industries Holdings, Inc		13,685,973
	101,395		Cytec Industries, Inc		6,241,876
	110,724		Ecolab, Inc		7,246,886
	96,715		Georgia Gulf Corp		3,170,318
	142,298		PPG Industries, Inc		15,575,939
	447,284		Sealed Air Corp		7,246,001
	65,645		Sherwin-Williams Co		8,819,406
	81,233		Walter Energy, Inc		2,786,292
			TOTAL MATERIALS		96,952,237
MEDIA - 1.9%
	264,672		DISH Network Corp (Class A)		8,141,311
	314,000	*	Imax Corp		6,958,240
	984,954		Interpublic Group of Cos, Inc		9,721,496
			TOTAL MEDIA		24,821,047
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%
	416,910		Agilent Technologies, Inc		15,963,484
	736,213	*	Akorn, Inc		10,064,032
	158,015	*	Alexion Pharmaceuticals, Inc		16,567,873
	247,248	*	Alkermes PLC		4,596,340
	279,185	*	BioMarin Pharmaceuticals, Inc		10,969,178
	80,967	*,e	Illumina, Inc		3,357,702
	115,281	*	Life Technologies Corp		5,058,530
	180,765	*	Onyx Pharmaceuticals, Inc		13,551,952
	136,677	*	Par Pharmaceutical Cos, Inc		6,828,383
	53,751		Perrigo Co		6,128,689
	81,158	*	Regeneron Pharmaceuticals, Inc		10,927,925
	88,722	*	Watson Pharmaceuticals, Inc		6,905,233
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		110,919,321
REAL ESTATE - 0.9%
	112,555		Boston Properties, Inc		12,482,349
			TOTAL REAL ESTATE		12,482,349
RETAILING - 12.3%
	457,030		American Eagle Outfitters, Inc		9,515,365
	36,000	*	Autozone, Inc		13,508,280
	249,367	*	Bed Bath & Beyond, Inc		15,198,919
	259,284		Dick’s Sporting Goods, Inc		12,736,030
	258,698	*	Dollar Tree, Inc		13,022,857

33

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	244,135		GNC Holdings, Inc	$	9,406,521
	445,139	*	LKQ Corp		15,726,761
	146,546		Macy’s, Inc		5,252,209
	208,102		Nordstrom, Inc		11,266,642
	81,911	*	O’Reilly Automotive, Inc		7,023,049
	223,690		Petsmart, Inc		14,788,146
	320,480	*	Sally Beauty Holdings, Inc		8,467,082
	246,979		Signet Jewelers Ltd		10,847,318
	83,088		Tractor Supply Co		7,550,206
	101,684		Ulta Salon Cosmetics & Fragrance, Inc		8,630,938
			TOTAL RETAILING		162,940,323
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.3%
	393,717		Avago Technologies Ltd		14,567,529
	283,687	*,e	Cavium Networks, Inc		7,665,223
	1,214,112	*	Micron Technology, Inc		7,539,635
	473,775	*	Skyworks Solutions, Inc		13,706,311
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		43,478,698
SOFTWARE & SERVICES - 15.2%
	71,947	*	Alliance Data Systems Corp		9,353,110
	165,636	*	Ansys, Inc		9,931,534
	206,566	*	Aspen Technology, Inc		4,829,513
	262,141	*	Cardtronics, Inc		8,128,993
	185,736	*	Check Point Software Technologies		9,021,197
	212,723	*	Citrix Systems, Inc		15,460,708
	170,682	*	Commvault Systems, Inc		8,281,491
	40,348	*	Equinix, Inc		7,189,207
	399,993	*	Fortinet, Inc		9,603,832
	377,680		Intuit, Inc		21,912,994
	99,568	*	LinkedIn Corp		10,220,655
	553,351	*	Nuance Communications, Inc		11,260,693
	287,762	*	QLIK Technologies, Inc		5,755,240
	229,849	*	Rackspace Hosting, Inc		10,085,774
	187,872	*	Red Hat, Inc		10,081,211
	600,590	*,e	ServiceSource International LLC		6,774,655
	108,935	*	Sourcefire, Inc		5,561,132
	230,718	*	Teradata Corp		15,601,151
	447,679	*	Vantiv, Inc		10,099,638
	209,157	*	VeriFone Systems, Inc		7,590,308
	260,028	*,e	Yandex NV		5,000,338
			TOTAL SOFTWARE & SERVICES		201,743,374
TECHNOLOGY HARDWARE & EQUIPMENT - 1.4%
	355,054	*,e	Fusion-io, Inc		6,788,632
	3,644	*	Palo Alto Networks, Inc		208,218
	269,410	*	Trimble Navigation Ltd		11,924,087
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		18,920,937

34

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY		RATE		MATURITY DATE	VALUE
TELECOMMUNICATION SERVICES - 0.8%
	179,310	*	SBA Communications Corp (Class A)					$	10,590,049
			TOTAL TELECOMMUNICATION SERVICES						10,590,049
TRANSPORTATION - 0.5%
	122,285		J.B. Hunt Transport Services, Inc						6,728,121
			TOTAL TRANSPORTATION						6,728,121
UTILITIES - 0.5%
	400,000	*	Calpine Corp						6,836,000
			TOTAL UTILITIES						6,836,000
			TOTAL COMMON STOCKS						1,291,037,647
			(Cost $1,139,129,133)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 7.9%
TREASURY DEBT - 2.4%
	$25,650,000		United States Treasury Bill		0.042	%	09/13/12		25,647,702
	5,700,000		United States Treasury Bill	0.006-0.007			08/02/12		5,699,991
									31,347,693
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.5%
	72,215,662	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust						72,215,662
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						72,215,662
			TOTAL SHORT-TERM INVESTMENTS						103,563,355
			(Cost $103,563,355)
			TOTAL INVESTMENTS - 105.3%						1,394,601,002
			(Cost $1,242,692,488)
			OTHER ASSETS & LIABILITIES, NET - (5.3)%						(69,975,714	)
			NET ASSETS - 100.0%					$	1,324,625,288
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $69,969,208.

35

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS
MID-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 95.2%
AUTOMOBILES & COMPONENTS - 1.7%
	219,701	e	Autoliv, Inc	$	12,428,486
	369,689		Cooper Tire & Rubber Co		6,458,467
	283,077		Lear Corp		10,063,387
	133,749	e	Magna International, Inc - Class A (NY)		5,352,635
	143,651	*	TRW Automotive Holdings Corp		5,645,484
	227,318	*	WABCO Holdings, Inc		12,484,304
			TOTAL AUTOMOBILES & COMPONENTS		52,432,763
BANKS - 4.5%
	389,845	*	CIT Group, Inc		14,237,139
	216,056		Comerica, Inc		6,527,052
	76,782		Cullen/Frost Bankers, Inc		4,246,812
	2,000,000		Fifth Third Bancorp		27,640,000
	1,030,000		First Horizon National Corp		8,476,900
	3,860,000		Huntington Bancshares, Inc		23,989,900
	176,961		M&T Bank Corp		15,190,332
	195,000		PNC Financial Services Group, Inc		11,524,500
	1,480,000		Regions Financial Corp		10,300,800
	607,017		TCF Financial Corp		6,270,486
	256,195	e	Valley National Bancorp		2,382,614
	400,000		Zions Bancorporation		7,280,000
			TOTAL BANKS		138,066,535
CAPITAL GOODS - 6.6%
	158,438	*	Aecom Technology Corp		2,568,280
	123,461	*	AGCO Corp		5,412,530
	261,326		Armstrong World Industries, Inc		10,100,250
	210,883	*	Babcock & Wilcox Co		5,293,163
	286,585		Chicago Bridge & Iron Co NV		10,242,548
	221,699		Cooper Industries plc		15,935,724
	154,327	e	Eaton Corp		6,765,696
	189,255		Exelis, Inc		1,778,997
	84,501	*	Fortune Brands Home & Security, Inc		1,869,162
	275,772		Harsco Corp		5,860,155
	107,000		Hubbell, Inc (Class B)		8,803,960
	298,365		Ingersoll-Rand plc		12,653,660
	2,000,000		Invensys plc		7,528,293
	94,627		ITT Corp		1,773,310
	508,284		KBR, Inc		13,337,372
	800,277		Masco Corp		9,627,332
	133,749	*	Owens Corning, Inc		3,592,498
	53,910		Pall Corp		2,879,333
	162,219	e	Pentair, Inc		7,110,059
	52,471		Precision Castparts Corp		8,162,389

36

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	90,000		Rockwell Collins, Inc	$	4,551,300
	365,239	*	Spirit Aerosystems Holdings, Inc (Class A)		8,583,116
	89,510		SPX Corp		5,435,047
	242,939		Stanley Works		16,250,190
	446,980		Textron, Inc		11,643,829
	205,769		Trinity Industries, Inc		5,761,532
	41,154		Westinghouse Air Brake Technologies Corp		3,258,574
	189,255		Xylem, Inc		4,538,335
			TOTAL CAPITAL GOODS		201,316,634
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	81,450	*	ACCO Brands Corp		689,882
	410,000		Republic Services, Inc		11,861,300
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		12,551,182
CONSUMER DURABLES & APPAREL - 2.8%
	987,688		DR Horton, Inc		17,412,940
	205,789	*	Hanesbrands, Inc		6,177,786
	514,421		Jarden Corp		23,251,829
	169,759	*	Mohawk Industries, Inc		11,277,090
	411,537		Newell Rubbermaid, Inc		7,263,628
	8,236	*	NVR, Inc		6,374,499
	210,000		Ryland Group, Inc		5,014,800
	60,000		VF Corp		8,958,000
			TOTAL CONSUMER DURABLES & APPAREL		85,730,572
CONSUMER SERVICES - 0.5%
	141,629		Darden Restaurants, Inc		7,248,572
	120,797	*	Penn National Gaming, Inc		4,701,419
	88,725		Starwood Hotels & Resorts Worldwide, Inc		4,804,459
			TOTAL CONSUMER SERVICES		16,754,450
DIVERSIFIED FINANCIALS - 2.3%
	369,689		Ameriprise Financial, Inc		19,120,315
	298,365		Blackstone Group LP		4,132,355
	142,759		Capital One Financial Corp		8,064,456
	1,000,000		Discover Financial Services		35,960,000
	329,445	*	E*Trade Financial Corp		2,513,666
	186,686		TD Ameritrade Holding Corp		2,972,041
			TOTAL DIVERSIFIED FINANCIALS		72,762,833
ENERGY - 9.7%
	325,000		Anadarko Petroleum Corp		22,568,000
	20,353		Berry Petroleum Co (Class A)		773,821
	254,000		Cabot Oil & Gas Corp		10,716,260
	205,000	*	Cameron International Corp		10,305,350
	468,000		Capital Product Partners LP		3,706,560
	210,913	*	Cobalt International Energy, Inc		5,293,916
	128,605	*	Concho Resources, Inc		10,963,576
	310,000		Consol Energy, Inc		8,983,800
	152,650	e	Crescent Point Energy Corp		6,067,337

37

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	123,461	*	Denbury Resources, Inc	$	1,866,731
	124,367	*	Dril-Quip, Inc		9,117,345
	281,177		Ensco plc		15,276,346
	335,000		Equitable Resources, Inc		18,894,000
	141,538	*	FMC Technologies, Inc		6,386,195
	860,000	*	Kodiak Oil & Gas Corp		7,181,000
	412,604	*,e	Laredo Petroleum Holdings, Inc		9,481,640
	114,744		Lufkin Industries, Inc		5,283,961
	400,140	*	McDermott International, Inc		4,681,638
	270,000		Noble Energy, Inc		23,606,100
	181,977		Oceaneering International, Inc		9,406,391
	230,000		Peabody Energy Corp		4,802,400
	60,000		Pioneer Natural Resources Co		5,317,800
	245,000	*	Plains Exploration & Production Co		9,790,200
	145,000		Questar Market Resources, Inc		4,354,350
	535,000	*	Rowan Cos PLC		18,794,550
	860,000		Spectra Energy Corp		26,393,400
	600,000		Sunoco, Inc		28,914,000
	1,138,065	*	Vantage Drilling Co		1,786,762
	147,876		Williams Cos, Inc		4,700,978
	180,000	*	WPX Energy, Inc		2,871,000
			TOTAL ENERGY		298,285,407
FOOD & STAPLES RETAILING - 0.3%
	272,643		Kroger Co		6,044,495
	2,160,569	*	Rite Aid Corp		2,506,260
			TOTAL FOOD & STAPLES RETAILING		8,550,755
FOOD, BEVERAGE & TOBACCO - 4.8%
	417,165		ConAgra Foods, Inc		10,299,804
	235,324		H.J. Heinz Co		12,992,238
	106,965		Hershey Co		7,673,669
	92,596	e	Hormel Foods Corp		2,584,354
	267,413		Ingredion, Inc		13,884,083
	241,778		Lorillard, Inc		31,102,322
	160,000		Mead Johnson Nutrition Co		11,673,600
	42,786	*	Post Holdings, Inc		1,266,466
	85,572	*	Ralcorp Holdings, Inc		5,106,081
	358,334		Reynolds American, Inc		16,580,114
	310,200	e	Sanderson Farms, Inc		11,424,666
	748,758	*	Smithfield Foods, Inc		13,852,023
	267,413		Tyson Foods, Inc (Class A)		4,013,869
	310,000	*,e	Westway Group, Inc		1,835,200
			TOTAL FOOD, BEVERAGE & TOBACCO		144,288,489
HEALTH CARE EQUIPMENT & SERVICES - 4.2%
	1,369,158	*	Boston Scientific Corp		7,078,547
	203,000		Cardinal Health, Inc		8,747,270
	576,000		Cigna Corp		23,201,280
	45,000	*	DaVita, Inc		4,428,900
	158,000	*	Edwards Lifesciences Corp		15,989,600
	180,000	*	Health Net, Inc		3,963,600

38

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	529,479	*	Healthsouth Corp	$	11,860,330
	855,725	*	Hologic, Inc		15,848,027
	318,941		Humana, Inc		19,646,765
	222,417	*	PSS World Medical, Inc		4,646,291
	732,718		Universal American Corp		6,565,153
	128,359		Universal Health Services, Inc (Class B)		5,016,270
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		126,992,033
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	171,145		Nu Skin Enterprises, Inc (Class A)		8,730,106
	127,208		Reckitt Benckiser Group plc		6,980,893
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		15,710,999
INSURANCE - 8.6%
	269,048		ACE Ltd		19,775,028
	581,257		Aon plc		28,597,844
	461,224	*	Arch Capital Group Ltd		17,895,491
	155,938		Aspen Insurance Holdings Ltd		4,481,658
	329,445		Assurant, Inc		11,929,203
	280,031		Axis Capital Holdings Ltd		9,201,819
	126,407		Cincinnati Financial Corp		4,783,241
	131,778		Everest Re Group Ltd		13,401,823
	113,109		Hanover Insurance Group, Inc		3,966,733
	627,594		Hartford Financial Services Group, Inc		10,323,921
	798,000		Marsh & McLennan Cos, Inc		26,501,580
	395,335		Max Capital Group Ltd		9,199,445
	213,043		PartnerRe Ltd		15,432,835
	241,594		Principal Financial Group		6,182,391
	411,000		Progressive Corp		8,113,140
	259,166		Prudential Financial, Inc		12,512,535
	255,870		RenaissanceRe Holdings Ltd		18,931,821
	774,199		UnumProvident Corp		14,624,619
	140,702		Validus Holdings Ltd		4,577,036
	1,054,228		XL Capital Ltd		21,769,808
			TOTAL INSURANCE		262,201,971
MATERIALS - 6.2%
	383,916		Ashland, Inc		27,023,847
	356,880	*	Calgon Carbon Corp		4,939,219
	265,402		Christian Hansen Holding		7,572,456
	195,000		Cleveland-Cliffs, Inc		7,973,550
	364,782	*	Crown Holdings, Inc		13,095,674
	324,085		Cytec Industries, Inc		19,950,673
	210,000		Eastman Chemical Co		10,978,800
	220,000	*	Ferro Corp		675,400
	137,312		FMC Corp		7,510,967
	220,000		Georgia Gulf Corp		7,211,600
	246,922		MeadWestvaco Corp		7,012,585
	24,692		NewMarket Corp		5,676,197
	150,948		Schweitzer-Mauduit International, Inc		10,279,559
	450,000		Sealed Air Corp		7,290,000
	215,000		Walter Energy, Inc		7,374,500

39

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	216,056	e	Westlake Chemical Corp	$	12,825,084
	548,600	*	WR Grace & Co		30,743,544
			TOTAL MATERIALS		188,133,655
MEDIA - 3.0%
	360,000		Cablevision Systems Corp (Class A)		5,522,400
	700,000		CBS Corp (Class B)		23,422,000
	880,371		DISH Network Corp (Class A)		27,080,212
	1,780,000		Interpublic Group of Cos, Inc		17,568,600
	61,731	*	Liberty Global, Inc (Class A)		3,258,162
	92,596	*	Madison Square Garden, Inc		3,356,605
	609,732		Pearson plc		11,415,227
			TOTAL MEDIA		91,623,206
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.9%
	610,598	*	Biovitrum AB		2,123,319
	145,039	*	Bruker BioSciences Corp		1,714,361
	267,413	*	Mylan Laboratories, Inc		6,158,522
	497,390		PerkinElmer, Inc		12,708,314
	191,468		Shire plc (ADR)		16,500,712
	185,191		Warner Chilcott plc		3,148,247
	175,000	*	Watson Pharmaceuticals, Inc		13,620,250
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		55,973,725
REAL ESTATE - 11.2%
	549,253		AMB Property Corp		17,757,349
	318,465		American Assets Trust,Inc		8,280,090
	1,135,754		Annaly Capital Management, Inc		19,796,192
	272,342		Boston Properties, Inc		30,202,728
	547,909	e	Brookfield Office Properties, Inc		9,352,807
	2,460,310		Chimera Investment Corp		5,314,270
	366,000		Equity Residential		23,171,460
	82,362		Essex Property Trust, Inc		12,960,484
	271,555	*	Forestar Real Estate Group, Inc		3,090,296
	845,004		General Growth Properties, Inc		15,311,472
	971,753		Host Marriott Corp		14,265,334
	356,899		Kilroy Realty Corp		16,895,599
	739,377		Kimco Realty Corp		14,410,458
	230,612		Macerich Co		13,470,047
	370,000		Mack-Cali Realty Corp		9,912,300
	126,288		Plum Creek Timber Co, Inc		5,126,030
	103,108		Public Storage, Inc		15,357,937
	102,884		Rayonier, Inc		4,906,538
	158,438		Regency Centers Corp		7,581,258
	31,695		Rouse Properties, Inc		438,659
	151,546		SL Green Realty Corp		11,934,248
	147,876		Tanger Factory Outlet Centers, Inc		4,761,607
	168,999		Taubman Centers, Inc		13,100,802
	405,000		Ventas, Inc		27,236,250
	291,011		Vornado Realty Trust		24,299,418
	528,127		Weingarten Realty Investors		14,196,054
			TOTAL REAL ESTATE		343,129,687

40

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
RETAILING - 3.8%
	100,000		Abercrombie & Fitch Co (Class A)	$	3,380,000
	260,000		American Eagle Outfitters, Inc		5,413,200
	175,074	*,e	Barnes & Noble, Inc		2,323,232
	535,822		Foot Locker, Inc		17,692,842
	232,526		Guess?, Inc		6,999,033
	919,237	*	Liberty Media Holding Corp (Interactive A)		17,217,309
	230,000		Limited Brands, Inc		10,936,500
	779,689		Macy’s, Inc		27,944,054
	73,937		Nordstrom, Inc		4,002,949
	154,327		Signet Jewelers Ltd		6,778,042
	288,076		TJX Companies, Inc		12,756,005
			TOTAL RETAILING		115,443,166
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.4%
	1,100,000	*	Advanced Micro Devices, Inc		4,466,000
	220,000		Analog Devices, Inc		8,597,600
	308,653		Avago Technologies Ltd		11,420,161
	920,000	*	Fairchild Semiconductor International, Inc		12,751,200
	170,000		Kla-Tencor Corp		8,654,700
	576,152	*	LSI Logic Corp		3,975,449
	770,000		Marvell Technology Group Ltd		8,670,200
	360,000		Maxim Integrated Products, Inc		9,802,800
	1,800,000	*	Micron Technology, Inc		11,178,000
	1,270,000	*	Nvidia Corp		17,195,800
	520,000	*	Teradyne, Inc		7,649,200
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		104,361,110
SOFTWARE & SERVICES - 3.1%
	63,693	*	Alliance Data Systems Corp		8,280,090
	232,377	*	BMC Software, Inc		9,202,129
	603,650		CA, Inc		14,529,856
	75,000	*,e	CACI International, Inc (Class A)		4,233,750
	1,042,974		Earthlink, Inc		7,144,372
	312,975		IAC/InterActiveCorp		16,465,615
	538,094	*	Symantec Corp		8,474,980
	160,000	*	Teradata Corp		10,819,200
	421,692		Western Union Co		7,350,092
	421,955	*	Yahoo!, Inc		6,683,767
			TOTAL SOFTWARE & SERVICES		93,183,851
TECHNOLOGY HARDWARE & EQUIPMENT - 2.4%
	160,330	*	Arrow Electronics, Inc		5,411,137
	1,830,000	*	Brocade Communications Systems, Inc		9,095,100
	325,000	*	JDS Uniphase Corp		3,198,000
	400,000	*	Juniper Networks, Inc		7,012,000
	342,604	*	SanDisk Corp		14,091,303
	340,000	e	Seagate Technology, Inc		10,206,800
	369,689		Tyco Electronics Ltd		12,203,434
	1,932,946		Xerox Corp		13,395,316
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		74,613,090

41

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
TELECOMMUNICATION SERVICES - 0.5%
	150,000		CenturyTel, Inc				$	6,231,000
	404,394	*	tw telecom inc (Class A)					10,162,421
			TOTAL TELECOMMUNICATION SERVICES					16,393,421
TRANSPORTATION - 1.8%
	309,297	*	Alaska Air Group, Inc					10,779,000
	205,769		Con-Way, Inc					7,329,492
	230,000		Costamare, Inc					2,996,900
	308,653		CSX Corp					7,080,500
	415,000	*	Delta Air Lines, Inc					4,004,750
	16,462		FedEx Corp					1,486,519
	140,590		Kansas City Southern Industries, Inc					10,234,952
	675,910	*,e	UAL Corp					12,767,940
			TOTAL TRANSPORTATION					56,680,053
UTILITIES - 11.0%
	252,067		American Water Works Co, Inc					9,137,429
	905,381	*	Calpine Corp					15,472,961
	1,363,217		Centerpoint Energy, Inc					28,709,350
	590,000		CMS Energy Corp					14,549,400
	267,499		DTE Energy Co					16,416,414
	175,000		Duke Energy Corp					11,861,500
	696,000		Edison International					32,141,280
	110,000		Exelon Corp					4,303,200
	155,000		National Fuel Gas Co					7,585,700
	761,343		NiSource, Inc					19,482,767
	329,229		Northeast Utilities					13,129,652
	385,816		NorthWestern Corp					14,248,185
	334,374		NRG Energy, Inc					6,627,293
	514,421		NV Energy, Inc					9,408,760
	351,960		OGE Energy Corp					18,692,596
	272,643		PG&E Corp					12,585,201
	895,093		PPL Corp					25,868,188
	370,383		Public Service Enterprise Group, Inc					12,311,531
	237,920		Questar Corp					4,841,672
	421,825		Sempra Energy					29,700,698
	174,903		UIL Holdings Corp					6,478,407
	853,939		Xcel Energy, Inc					25,020,413
			TOTAL UTILITIES					338,572,597
			TOTAL COMMON STOCKS					2,913,752,184
			(Cost $2,528,877,821)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 8.6%
TREASURY DEBT - 6.2%
	$70,500,000		United States Treasury Bill	0.021	%	08/09/12		70,499,295
	40,000,000		United States Treasury Bill	0.042		09/13/12		39,996,417
	32,000,000		United States Treasury Bill	0.089		10/18/12		31,993,599

42

TIAA-CREF FUNDS - Mid-Cap Value Fund

PRINCIPAL			ISSUER		RATE		MATURITY DATE	VALUE
	$46,000,000		United States Treasury Bill	0.005%-0.007		%	08/02/12	$	45,999,930
									188,489,241
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.4%
	74,164,767	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust						74,164,767
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						74,164,767
			TOTAL SHORT-TERM INVESTMENTS						262,654,008
			(Cost $262,654,168)
			TOTAL INVESTMENTS - 103.8%						3,176,406,192
			(Cost $2,791,531,989)
			OTHER ASSETS & LIABILITIES, NET - (3.8)%						(117,628,987	)
			NET ASSETS - 100.0%					$	3,058,777,205
			Abbreviation(s):
			ADR          American Depositary Receipt
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $71,790,099.

43

TIAA-CREF FUNDS - Small-Cap Equity Fund

TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
AUTOMOBILES & COMPONENTS - 0.9%
	142,651		Dana Holding Corp	$	1,880,140
	196,364	*	Tenneco, Inc		5,751,502
	113,700	*	WABCO Holdings, Inc		6,244,404
			TOTAL AUTOMOBILES & COMPONENTS		13,876,046
BANKS - 6.9%
	325,131	e	Astoria Financial Corp		3,062,734
	270,208		Brookline Bancorp, Inc		2,272,449
	209,400		Capitol Federal Financial		2,454,168
	10,700		Century Bancorp, Inc		321,856
	15,832		Community Bank System, Inc		435,538
	255,700		CVB Financial Corp		3,017,260
	52,801		Dime Community Bancshares		765,614
	265,532		East West Bancorp, Inc		5,788,598
	104,782	e	First Financial Bankshares, Inc		3,614,455
	161,700		First Republic Bank		5,260,101
	636,241		FirstMerit Corp		10,307,104
	61,650		NBT Bancorp, Inc		1,295,267
	289,400		Oritani Financial Corp		4,077,646
	112,993		Prosperity Bancshares, Inc		4,584,126
	280,298		Provident Financial Services, Inc		4,268,939
	862,500	e	Radian Group, Inc		2,415,000
	689,403		Susquehanna Bancshares, Inc		7,349,036
	194,615	*	SVB Financial Group		11,250,693
	107,100	*	Texas Capital Bancshares, Inc		4,614,939
	173,836		UMB Financial Corp		8,354,558
	449,360		Umpqua Holdings Corp		5,608,013
	220,900		Webster Financial Corp		4,532,868
	460,360	*	Western Alliance Bancorp		4,244,519
	383,500	*	Wilshire Bancorp, Inc		2,431,390
	205,527		Wintrust Financial Corp		7,544,896
			TOTAL BANKS		109,871,767
CAPITAL GOODS - 10.9%
	141,400		A.O. Smith Corp		6,987,988
	335,300		Actuant Corp (Class A)		9,542,638
	175,000		Acuity Brands, Inc		10,139,500
	45,269		Ampco-Pittsburgh Corp		711,176
	216,800		Applied Industrial Technologies, Inc		8,056,288
	240,746		Belden CDT, Inc		7,735,169
	110,869		Brady Corp (Class A)		2,941,355
	115,500	*	Chart Industries, Inc		7,491,330
	83,402		Cubic Corp		4,034,155
	170,806		Curtiss-Wright Corp		5,119,056

44

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	88,893	*	DXP Enterprises, Inc	$	3,929,071
	180,125	*	Dycom Industries, Inc		3,137,777
	258,777	*	EnerSys		8,837,234
	165,903	*	EnPro Industries, Inc		5,718,676
	167,726		Franklin Electric Co, Inc		9,461,424
	323,865	*	GenCorp, Inc		2,736,659
	126,600		Granite Construction, Inc		3,278,940
	255,987	*	H&E Equipment Services, Inc		3,614,536
	146,083	e	Heico Corp		5,213,702
	122,053	*	Kadant, Inc		2,527,718
	67,810		LB Foster Co (Class A)		2,006,498
	80,300	e	Lindsay Manufacturing Co		5,693,270
	95,800		Mueller Industries, Inc		4,083,954
	39,381		Nacco Industries, Inc (Class A)		3,944,007
	257,467	*	NCI Building Systems, Inc		2,770,345
	172,900	*	Oshkosh Truck Corp		3,893,708
	222,300		Robbins & Myers, Inc		10,190,232
	139,296		Sauer-Danfoss, Inc		5,041,122
	109,311		Standex International Corp		4,676,325
	149,900	*	Teledyne Technologies, Inc		9,338,770
	82,000		Universal Forest Products, Inc		2,618,260
	237,100	*,e	USG Corp		3,850,504
	88,600		Westinghouse Air Brake Technologies Corp		7,015,348
			TOTAL CAPITAL GOODS		176,336,735
COMMERCIAL & PROFESSIONAL SERVICES - 4.4%
	239,986	*	Acacia Research (Acacia Technologies)		6,794,004
	404,600	*	ACCO Brands Corp		3,426,962
	150,657		Administaff, Inc		3,953,240
	228,184	*	Advisory Board Co		10,265,998
	160,462		Brink’s Co		3,722,718
	65,153	*	Consolidated Graphics, Inc		1,544,778
	131,809		Corporate Executive Board Co		6,080,349
	68,657	*	Exponent, Inc		3,548,880
	77,100	*	Portfolio Recovery Associates, Inc		6,528,828
	276,426		Rollins, Inc		6,518,125
	376,116		Steelcase, Inc (Class A)		3,223,314
	182,890	*	SYKES Enterprises, Inc		2,704,943
	333,253	*	Tetra Tech, Inc		8,567,935
	239,450	*	TrueBlue, Inc		3,644,429
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		70,524,503
CONSUMER DURABLES & APPAREL - 3.5%
	1,128,900	*,e	Beazer Homes USA, Inc		2,619,048
	412,300		Brunswick Corp		9,066,477
	316,133	*	CROCS, Inc		4,852,642
	80,577	*	Kenneth Cole Productions, Inc (Class A)		1,211,878
	137,300	*	La-Z-Boy, Inc		1,642,108
	578,356	*	Leapfrog Enterprises, Inc		6,645,311
	56,848		Oxford Industries, Inc		2,458,107
	576,400	*	Pulte Homes, Inc		6,513,320
	194,100	*	Skechers U.S.A., Inc (Class A)		3,870,354

45

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	142,019	e	Sturm Ruger & Co, Inc	$	7,019,999
	185,480		True Religion Apparel, Inc		4,866,995
	206,200	*,e	Vera Bradley, Inc		4,699,298
			TOTAL CONSUMER DURABLES & APPAREL		55,465,537
CONSUMER SERVICES - 3.7%
	53,297	*,e	American Public Education, Inc		1,338,288
	230,889		Ameristar Casinos, Inc		3,895,097
	75,200	*	Buffalo Wild Wings, Inc		5,458,768
	14,895	*	Capella Education Co		395,015
	173,974	*	Cheesecake Factory		5,831,609
	153,600	*,e	Coinstar, Inc		7,294,464
	255,400		Domino’s Pizza, Inc		8,719,356
	106,282	*	Papa John’s International, Inc		5,421,445
	705,500		Service Corp International		9,065,675
	451,600	*	Shuffle Master, Inc		6,597,876
	146,600		Sotheby’s (Class A)		4,302,710
	118,321		Universal Technical Institute, Inc		1,359,508
			TOTAL CONSUMER SERVICES		59,679,811
DIVERSIFIED FINANCIALS - 2.0%
	251,860		BGC Partners, Inc (Class A)		1,251,744
	92,883		Calamos Asset Management, Inc (Class A)		981,774
	255,274	*	Dollar Financial Corp		4,893,603
	93,800	*	First Cash Financial Services, Inc		3,761,380
	88,600	e	iShares Russell 2000 Index Fund		6,941,810
	258,600		MarketAxess Holdings, Inc		7,814,892
	136,700	*,e	Netspend Holdings, Inc		1,202,960
	263,422	*,e	PHH Corp		4,270,071
			TOTAL DIVERSIFIED FINANCIALS		31,118,234
ENERGY - 5.4%
	652,100	e	Arch Coal, Inc		4,701,641
	142,000		Berry Petroleum Co (Class A)		5,398,840
	156,300	*,e	C&J Energy Services, Inc		2,935,314
	227,381	*	Energy Partners Ltd		3,842,739
	266,213	e	Energy XXI Bermuda Ltd		8,300,521
	205,400	*	Gulfport Energy Corp		4,231,240
	300,400	*	Helix Energy Solutions Group, Inc		5,371,152
	289,900	*	McDermott International, Inc		3,391,830
	142,200	*	PDC Energy, Inc		3,725,640
	615,500		Penn Virginia Corp		4,123,850
	122,837	*	Rosetta Resources, Inc		5,124,760
	180,400		RPC, Inc		2,426,380
	259,161	*	Stone Energy Corp		6,805,568
	127,762		Targa Resources Investments, Inc		5,627,916
	326,800	e	Teekay Tankers Ltd (Class A)		1,271,252
	357,777	*	Tetra Technologies, Inc		2,479,395
	626,029	*	Vaalco Energy, Inc		4,588,792
	333,600	e	Western Refining, Inc		7,849,608
	515,600	*	Willbros Group, Inc		3,531,860
			TOTAL ENERGY		85,728,298

46

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.6%
	81,638	*	Fresh Market, Inc	$	4,807,662
	198,172		Harris Teeter Supermarkets, Inc		8,192,430
	3,337,200	*	Rite Aid Corp		3,871,152
	131,740	*	United Natural Foods, Inc		7,153,482
	45,532		Weis Markets, Inc		1,982,008
			TOTAL FOOD & STAPLES RETAILING		26,006,734
FOOD, BEVERAGE & TOBACCO - 1.9%
	90,400	*,e	Annie’s, Inc		3,683,800
	24,814	*,e	Boston Beer Co, Inc (Class A)		2,672,964
	134,500	*	Hain Celestial Group, Inc		7,490,305
	86,663		J&J Snack Foods Corp		5,008,255
	202,910	*	Omega Protein Corp		1,690,240
	278,852	*	Smart Balance, Inc		2,654,671
	98,117	*	TreeHouse Foods, Inc		5,493,571
	23,400	e	Universal Corp		1,065,636
			TOTAL FOOD, BEVERAGE & TOBACCO		29,759,442
HEALTH CARE EQUIPMENT & SERVICES - 5.3%
	224,074	*	Align Technology, Inc		7,609,553
	26,618		Analogic Corp		1,704,084
	139,095	*	Arthrocare Corp		4,114,430
	130,114		Cantel Medical Corp		3,398,578
	89,934		Computer Programs & Systems, Inc		4,451,733
	145,079	*	Cyberonics, Inc		6,281,921
	43,000	*	Haemonetics Corp		3,092,130
	248,500	*	Healthsouth Corp		5,566,400
	40,200	*	Magellan Health Services, Inc		1,937,640
	323,800		Masimo Corp		7,253,120
	145,954	*	Medidata Solutions, Inc		5,168,231
	53,768	*	MWI Veterinary Supply, Inc		4,897,727
	289,600	*	NuVasive, Inc		6,049,744
	139,570	*	Omnicell, Inc		1,821,389
	74,086	*	Orthofix International NV		3,038,267
	212,400	*	Team Health Holdings, Inc		5,671,080
	199,100	*	WellCare Health Plans, Inc		12,905,662
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		84,961,689
HOUSEHOLD & PERSONAL PRODUCTS - 0.8%
	112,706	*	Elizabeth Arden, Inc		4,396,661
	144,118		Nu Skin Enterprises, Inc (Class A)		7,351,459
	119,925	*	Revlon, Inc (Class A)		1,744,909
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		13,493,029
INSURANCE - 3.6%
	97,700		Allied World Assurance Co Holdings Ltd		7,369,511
	379,600	e	American Equity Investment Life Holding Co		4,429,932
	861,081		Conseco, Inc		7,138,361

47

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	537,461		First American Financial Corp	$	9,846,286
	139,984		Horace Mann Educators Corp		2,441,321
	148,200		ProAssurance Corp		13,274,274
	111,400		Protective Life Corp		3,109,174
	54,800		RenaissanceRe Holdings Ltd		4,054,652
	480,500		Symetra Financial Corp		5,588,215
			TOTAL INSURANCE		57,251,726
MATERIALS - 4.6%
	608,382		Boise, Inc		4,502,027
	228,658	*	Chemtura		3,091,456
	239,500	*	Coeur d’Alene Mines Corp		3,906,245
	175,998		Commercial Metals Co		2,268,614
	4,761	*,e	Contango ORE, Inc		40,469
	115,000		Cytec Industries, Inc		7,079,400
	349,800	*,e	Flotek Industries, Inc		3,417,546
	153,700	e	Gold Resource Corp		2,755,841
	163,000		H.B. Fuller Co		4,762,860
	71,223		Haynes International, Inc		3,432,236
	66,000	e	Kaiser Aluminum Corp		3,599,640
	113,212		Koppers Holdings, Inc		3,729,203
	284,078	*	Louisiana-Pacific Corp		2,931,685
	72,600	*	LSB Industries, Inc		2,332,638
	100,048		Minerals Technologies, Inc		6,397,069
	13,600		NewMarket Corp		3,126,368
	543,606		PolyOne Corp		8,007,317
	156,700	*	RTI International Metals, Inc		3,517,915
	210,700		Worthington Industries, Inc		4,572,190
			TOTAL MATERIALS		73,470,719
MEDIA - 1.5%
	149,000	*	AMC Networks, Inc		6,460,640
	240,981		Arbitron, Inc		8,451,204
	415,397	*	Journal Communications, Inc (Class A)		2,301,299
	245,842		National CineMedia, Inc		3,476,206
	99,614	e	Scholastic Corp		3,001,370
			TOTAL MEDIA		23,690,719
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.0%
	114,500	*	Acorda Therapeutics, Inc		2,756,015
	348,793	*	Alkermes PLC		6,484,062
	148,933	*	AMAG Pharmaceuticals, Inc		2,305,483
	99,100	*	Ariad Pharmaceuticals, Inc		1,895,783
	267,678	*	Arqule, Inc		1,619,452
	251,300	*	Auxilium Pharmaceuticals, Inc		6,770,022
	50,400	*,e	AVEO Pharmaceuticals, Inc		660,240
	182,800	*	Cepheid, Inc		5,856,912
	33,800	*	Cornerstone Therapeutics, Inc		260,260
	46,618	*	Cubist Pharmaceuticals, Inc		2,007,371
	219,519	*,e	Idenix Pharmaceuticals, Inc		2,223,728
	128,100	*,e	InterMune, Inc		1,131,123
	158,860	*	Jazz Pharmaceuticals plc		7,636,400

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	406,423	*	Medicines Co	$	10,176,832
	177,500		Medicis Pharmaceutical Corp (Class A)		5,843,300
	82,100	*	Medivation, Inc		8,185,370
	301,277	*	Neurocrine Biosciences, Inc		2,289,705
	123,000	*	Onyx Pharmaceuticals, Inc		9,221,310
	617,141	*,e	Orexigen Therapeutics, Inc		3,042,505
	158,183	*	Par Pharmaceutical Cos, Inc		7,902,823
	266,800	*	Parexel International Corp		7,342,336
	99,200	*,e	Pharmacyclics, Inc		5,278,432
	128,951	*,e	Questcor Pharmaceuticals, Inc		4,754,423
	341,491	*	Santarus, Inc		2,482,640
	145,960	*,e	Spectrum Pharmaceuticals, Inc		2,041,980
	28,200	*,e	Vivus, Inc		593,046
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		110,761,553
REAL ESTATE - 8.1%
	123,831		CBL & Associates Properties, Inc		2,443,186
	118,856		EastGroup Properties, Inc		6,356,419
	152,711		Equity Lifestyle Properties, Inc		10,982,975
	394,562		Extra Space Storage, Inc		12,917,960
	136,723		Home Properties, Inc		8,970,396
	169,563		LTC Properties, Inc		6,053,399
	97,770		National Health Investors, Inc		5,249,271
	656,689		Newcastle Investment Corp		4,892,333
	484,373		NorthStar Realty Finance Corp		2,668,895
	60,300		Omega Healthcare Investors, Inc		1,461,672
	442,108		Pennymac Mortgage Investment Trust		9,315,216
	210,706		Post Properties, Inc		10,882,965
	110,408		PS Business Parks, Inc		7,464,685
	45,170		Saul Centers, Inc		1,880,879
	138,153		Sovran Self Storage, Inc		7,888,536
	391,000	d	Starwood Property Trust, Inc		8,703,660
	166,970		Sun Communities, Inc		7,779,132
	422,738	*	Sunstone Hotel Investors, Inc		4,231,607
	297,355		Tanger Factory Outlet Centers, Inc		9,574,831
			TOTAL REAL ESTATE		129,718,017
RETAILING - 3.4%
	361,800	*	Aeropostale, Inc		7,134,696
	176,270	*	Ann Taylor Stores Corp		4,773,392
	349,400		Express Parent LLC		5,625,340
	217,300	*,e	Francesca’s Holdings Corp		6,825,393
	104,200	*	Hibbett Sports, Inc		6,332,234
	28,800		HSN, Inc		1,219,968
	88,500	*	LKQ Corp		3,126,705
	108,200	*,e	Mattress Firm Holding Corp		3,155,112
	780,000	*	OfficeMax, Inc		3,502,200
	62,997		Pier 1 Imports, Inc		1,038,821
	206,023	*	Select Comfort Corp		5,358,658
	183,301	*,e	Zumiez, Inc		6,659,325
			TOTAL RETAILING		54,751,844

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.1%
	319,400		Brooks Automation, Inc	$	2,957,644
	60,653	*	Cirrus Logic, Inc		2,230,211
	873,978	*	Entegris, Inc		7,035,523
	276,800	*	Entropic Communications, Inc		1,660,800
	526,941	*	FSI International, Inc		1,907,527
	458,300	*	Integrated Device Technology, Inc		2,309,832
	367,457		Micrel, Inc		3,432,048
	143,170		MKS Instruments, Inc		3,779,688
	1,023,000	*	RF Micro Devices, Inc		3,969,240
	43,300	*	Silicon Laboratories, Inc		1,599,935
	236,200	*	Teradyne, Inc		3,474,502
	235,883		Tessera Technologies, Inc		3,408,509
	248,600	*	Ultratech, Inc		7,907,966
	143,600	*	Volterra Semiconductor Corp		3,299,928
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		48,973,353
SOFTWARE & SERVICES - 9.8%
	88,689	*,e	Ancestry.com, Inc		2,968,421
	386,209	*	Aspen Technology, Inc		9,029,566
	191,173		Blackbaud, Inc		5,157,848
	251,336	*	Blucora, Inc		3,832,874
	60,006	*	Brightcove, Inc		888,689
	224,454	*	Cardtronics, Inc		6,960,319
	215,124	*	Commvault Systems, Inc		10,437,817
	185,600	*,e	Cornerstone OnDemand, Inc		4,413,568
	87,643		DST Systems, Inc		4,723,958
	157,667	*	Euronet Worldwide, Inc		2,882,153
	93,692		Fair Isaac Corp		4,055,927
	61,100		Global Payments, Inc		2,616,302
	249,600		Heartland Payment Systems, Inc		7,912,320
	186,300		IAC/InterActiveCorp		9,801,243
	147,025	*	Kenexa Corp		3,500,665
	9,600	*	LinkedIn Corp		985,440
	23,073	*,e	Liquidity Services, Inc		1,054,897
	52,377	*	Liveperson, Inc		979,450
	145,685	*	Manhattan Associates, Inc		6,802,033
	241,026		MAXIMUS, Inc		12,171,813
	53,500	*	MicroStrategy, Inc (Class A)		6,230,610
	353,000	*,e	Monster Worldwide, Inc		2,559,250
	327,800	*	QLIK Technologies, Inc		6,556,000
	150,800	*	Quest Software, Inc		4,213,352
	282,500		SAIC, Inc		3,268,525
	197,467	*	SolarWinds, Inc		10,542,763
	107,800	*	Sourcefire, Inc		5,503,190
	133,105	*	TeleTech Holdings, Inc		2,190,908
	547,334	*	TiVo, Inc		4,756,332
	35,163	*	Tyler Technologies, Inc		1,372,060
	58,800	*	Ultimate Software Group, Inc		5,260,836
	179,931	*	Unisys Corp		3,496,059
			TOTAL SOFTWARE & SERVICES		157,125,188

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 4.5%
	251,300	e	Adtran, Inc	$	5,423,054
	119,512	*	Agilysys, Inc		1,038,559
	463,000	*	Arris Group, Inc		5,875,470
	226,875		Cognex Corp		7,668,375
	151,766		Comtech Telecommunications Corp		4,146,247
	144,101	*	Datalink Corp		1,134,075
	91,100	*	Dolby Laboratories, Inc (Class A)		3,211,275
	217,704	*	Insight Enterprises, Inc		3,648,719
	130,800	*,e	InvenSense, Inc		1,687,320
	91,300		Littelfuse, Inc		4,897,332
	45,400		Loral Space & Communications, Inc		3,266,530
	2,300	*	Netgear, Inc		79,649
	111,864	*	OSI Systems, Inc		7,219,703
	149,335		Plantronics, Inc		4,901,175
	161,757	*	Plexus Corp		4,645,661
	109,842	*	Procera Networks, Inc		2,798,774
	321,900	*	QLogic Corp		3,714,726
	106,600	*	Riverbed Technology, Inc		1,880,424
	170,712	*,e	Synaptics, Inc		4,503,382
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		71,740,450
TELECOMMUNICATION SERVICES - 1.1%
	697,363	*,e	Cincinnati Bell, Inc		2,684,847
	248,129	*	MetroPCS Communications, Inc		2,173,610
	179,051	*	Neutral Tandem, Inc		2,445,837
	376,248	*	tw telecom inc (Class A)		9,455,112
	128,808		USA Mobility, Inc		1,434,921
			TOTAL TELECOMMUNICATION SERVICES		18,194,327
TRANSPORTATION - 2.3%
	268,276	*	Alaska Air Group, Inc		9,349,419
	56,128		Amerco, Inc		5,242,355
	102,000		Con-Way, Inc		3,633,240
	77,600	*,e	Dollar Thrifty Automotive Group, Inc		5,773,440
	141,800		Forward Air Corp		4,744,628
	155,800	*	Old Dominion Freight Line		6,605,920
	161,159	*,e	US Airways Group, Inc		1,846,882
			TOTAL TRANSPORTATION		37,195,884
UTILITIES - 3.0%
	96,400		American States Water Co		3,918,660
	58,465		Avista Corp		1,618,311
	164,012		El Paso Electric Co		5,551,806
	307,487		Empire District Electric Co		6,610,971
	177,375		Genie Energy Ltd		1,252,267
	149,404		Piedmont Natural Gas Co, Inc		4,748,059
	379,789		Portland General Electric Co		10,341,654
	179,561		Southwest Gas Corp		8,019,194
	173,478		UNS Energy Corp		7,060,555
			TOTAL UTILITIES		49,121,477

51

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES	COMPANY	RATE	MATURITY DATE	VALUE
	TOTAL COMMON STOCKS			$	1,588,817,082
	(Cost $1,453,268,294)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 9.0%
TREASURY DEBT - 0.4%
	$6,300,000	United States Treasury Bill	0.006%	08/02/12	6,299,990
					6,299,990

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 8.6%
	136,992,211	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		136,992,211
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		136,992,211
			TOTAL SHORT-TERM INVESTMENTS		143,292,201
			(Cost $143,292,201)
			TOTAL INVESTMENTS - 108.3%		1,732,109,283
			(Cost $1,596,560,495)
			OTHER ASSETS & LIABILITIES, NET - (8.3)%		(132,697,951	)
			NET ASSETS - 100.0%	$	1,599,411,332

*	Non-income producing.
a	Affiliated holding.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $132,584,400.

52

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.7%
AUTOMOBILES & COMPONENTS - 0.5%
	4,725	e	Allison Transmission Holdings, Inc	$	88,877
	17,847	*	BorgWarner, Inc		1,197,534
	51,883	*	Delphi Automotive plc		1,472,958
	22,462		Gentex Corp		359,617
	40,097	*	Goodyear Tire & Rubber Co		459,111
	36,060		Harley-Davidson, Inc		1,558,874
	10,187	*,e	Tesla Motors, Inc		279,327
	1,120		Thor Industries, Inc		32,178
	801	*	Visteon Corp		25,976
	9,311	*	WABCO Holdings, Inc		511,360
			TOTAL AUTOMOBILES & COMPONENTS		5,985,812
BANKS - 0.0%
	12,021		People’s United Financial, Inc		137,761
	1,454	*	Signature Bank		93,783
			TOTAL BANKS		231,544
CAPITAL GOODS - 8.6%
	98,221		3M Co		8,960,702
	38,158		Ametek, Inc		1,182,898
	3,330		Armstrong World Industries, Inc		128,705
	18,470	*	Babcock & Wilcox Co		463,597
	15,241	*	BE Aerospace, Inc		597,904
	106,510		Boeing Co		7,872,154
	470		Carlisle Cos, Inc		23,730
	102,744		Caterpillar, Inc		8,652,072
	9,305		Chicago Bridge & Iron Co NV		332,561
	1,258	*	Colfax Corp		36,406
	17,089		Cooper Industries plc		1,228,357
	30,256		Cummins, Inc		2,901,550
	31,227		Danaher Corp		1,649,098
	62,628		Deere & Co		4,811,083
	23,188		Donaldson Co, Inc		791,406
	97,150		Emerson Electric Co		4,640,856
	46,578		Fastenal Co		2,008,443
	7,849		Flowserve Corp		941,723
	19,676		Fluor Corp		975,536
	4,463	*	Fortune Brands Home & Security, Inc		98,722
	619	*	General Cable Corp		16,174
	9,406		Graco, Inc		431,547
	122,689		Honeywell International, Inc		7,122,097
	7,890		Hubbell, Inc (Class B)		649,189
	2,473		IDEX Corp		94,345
	63,294		Illinois Tool Works, Inc		3,439,396

53

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	38,154		Ingersoll-Rand plc	$	1,618,111
	4,064		ITT Corp		76,159
	16,889		Joy Global, Inc		877,215
	8,017		Lennox International, Inc		350,102
	13,028		Lincoln Electric Holdings, Inc		519,557
	36,574		Lockheed Martin Corp		3,264,961
	15,810		Manitowoc Co, Inc		189,720
	57,078		Masco Corp		686,648
	2,780	*	MRC Global, Inc		64,246
	7,096		MSC Industrial Direct Co (Class A)		487,708
	9,278		Nordson Corp		475,590
	12,555		Paccar, Inc		502,326
	18,036		Pall Corp		963,303
	10,578		Parker Hannifin Corp		849,625
	7,243	*,e	Polypore International, Inc		269,150
	22,879		Precision Castparts Corp		3,559,057
	22,230		Rockwell Automation, Inc		1,497,413
	22,582		Rockwell Collins, Inc		1,141,972
	15,389		Roper Industries, Inc		1,530,436
	1,889		Snap-On, Inc		128,036
	3,724	*	Spirit Aerosystems Holdings, Inc (Class A)		87,514
	2,721		SPX Corp		165,219
	3,219		Textron, Inc		83,855
	1,134		Timken Co		41,051
	9,836		Toro Co		369,834
	8,111	*	TransDigm Group, Inc		1,000,573
	2,669		Triumph Group, Inc		166,893
	15,184	*	United Rentals, Inc		438,969
	143,510		United Technologies Corp		10,682,884
	3,633		Valmont Industries, Inc		450,056
	9,209		W.W. Grainger, Inc		1,886,280
	7,498		Westinghouse Air Brake Technologies Corp		593,692
	2,719		Xylem, Inc		65,202
			TOTAL CAPITAL GOODS		95,133,608
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	7,688		Cintas Corp		304,676
	7,392	*	Clean Harbors, Inc		447,512
	15,862	*	Copart, Inc		376,881
	1,840		Covanta Holding Corp		31,611
	5,012		Dun & Bradstreet Corp		401,912
	17,287		Equifax, Inc		809,723
	8,031	*	IHS, Inc (Class A)		885,578
	21,963		Iron Mountain, Inc		707,428
	5,054	*	Nielsen Holdings NV		144,039
	16,484	e	Pitney Bowes, Inc		220,226
	22,266		Robert Half International, Inc		601,405
	9,938		Rollins, Inc		234,338
	13,472	*	Stericycle, Inc		1,250,875
	20,155	*	Verisk Analytics, Inc		1,012,789
	1,306		Waste Connections, Inc		40,186
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		7,469,179

54

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 1.7%
	7,913	*	Carter’s, Inc	$	400,952
	45,248		Coach, Inc		2,232,084
	3,758	*,e	Deckers Outdoor Corp		156,746
	3,760		DR Horton, Inc		66,289
	8,818	*	Fossil, Inc		632,162
	1,324	*,e	Garmin Ltd		51,119
	15,874	*	Hanesbrands, Inc		476,538
	16,232		Hasbro, Inc		581,430
	2,906		Jarden Corp		131,351
	41,707		Mattel, Inc		1,466,835
	13,200	*	Michael Kors Holdings Ltd		545,028
	56,944		Nike, Inc (Class B)		5,315,722
	695	*	NVR, Inc		537,916
	10,378		Phillips-Van Heusen Corp		824,325
	10,073		Polaris Industries, Inc		757,087
	9,595		Ralph Lauren Corp		1,384,942
	10,681	*	Tempur-Pedic International, Inc		304,302
	8,700		Tupperware Corp		456,054
	12,098	*,e	Under Armour, Inc (Class A)		658,615
	13,801		VF Corp		2,060,489
			TOTAL CONSUMER DURABLES & APPAREL		19,039,986
CONSUMER SERVICES - 3.4%
	15,915	*	Apollo Group, Inc (Class A)		432,888
	6,711	*	Bally Technologies, Inc		293,338
	11,742		Brinker International, Inc		380,558
	4,998	*	Chipotle Mexican Grill, Inc (Class A)		1,461,065
	328		Choice Hotels International, Inc		13,146
	20,034		Darden Restaurants, Inc		1,025,340
	12,662	e	Dunkin Brands Group, Inc		383,405
	28,663		H&R Block, Inc		462,334
	26,761		International Game Technology		302,935
	3,799	*,e	ITT Educational Services, Inc		147,477
	62,568		Las Vegas Sands Corp		2,278,727
	36,506		Marriott International, Inc (Class A)		1,329,549
	160,019		McDonald’s Corp		14,299,298
	4,406	*	Panera Bread Co (Class A)		693,901
	714	*	Penn National Gaming, Inc		27,789
	119,432		Starbucks Corp		5,407,881
	31,186		Starwood Hotels & Resorts Worldwide, Inc		1,688,722
	4,544	e	Weight Watchers International, Inc		229,927
	23,130		Wyndham Worldwide Corp		1,203,916
	12,407		Wynn Resorts Ltd		1,163,156
	72,521		Yum! Brands, Inc		4,702,262
			TOTAL CONSUMER SERVICES		37,927,614

55

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 1.6%
	5,966	*	Affiliated Managers Group, Inc	$	665,746
	101,384		American Express Co		5,850,871
	10,730		BlackRock, Inc		1,826,890
	11,777		CBOE Holdings, Inc		335,645
	17,979	e	Eaton Vance Corp		476,983
	11,914	e	Federated Investors, Inc (Class B)		239,590
	5,028		Franklin Resources, Inc		577,968
	11,474	*	IntercontinentalExchange, Inc		1,505,618
	17,800		Lazard Ltd (Class A)		477,930
	7,314		Leucadia National Corp		158,568
	6,785	*	LPL Financial Holdings, Inc		190,116
	30,550		Moody’s Corp		1,238,191
	18,923	*	MSCI, Inc (Class A)		627,297
	21,373		SEI Investments Co		452,680
	40,169		T Rowe Price Group, Inc		2,440,267
	13,441		Waddell & Reed Financial, Inc (Class A)		390,999
			TOTAL DIVERSIFIED FINANCIALS		17,455,359
ENERGY - 3.9%
	2,788	*	Atwood Oceanics, Inc		124,150
	32,684		Cabot Oil & Gas Corp		1,378,938
	29,457	*	Cameron International Corp		1,480,803
	3,324	e	CARBO Ceramics, Inc		213,334
	20,365	*	Cheniere Energy, Inc		277,575
	27,831	*	Cobalt International Energy, Inc		698,558
	16,197	*	Concho Resources, Inc		1,380,794
	6,565	*	Continental Resources, Inc		420,094
	11,772	*	Dresser-Rand Group, Inc		547,516
	42,448		EOG Resources, Inc		4,160,329
	37,743	*	FMC Technologies, Inc		1,702,964
	6,773	e	Golar LNG Ltd		261,844
	45,857		Halliburton Co		1,519,243
	3,319		Helmerich & Payne, Inc		154,334
	76,925		Kinder Morgan, Inc		2,754,684
	11,410	*	Kosmos Energy LLC		108,851
	3,300	*	Laredo Petroleum Holdings, Inc		75,834
	15,127		National Oilwell Varco, Inc		1,093,682
	6,147		Noble Energy, Inc		537,432
	17,265		Oceaneering International, Inc		892,428
	6,936	*	Oil States International, Inc		504,247
	16,001		Pioneer Natural Resources Co		1,418,169
	25,594		Range Resources Corp		1,602,185
	9,259	e	RPC, Inc		124,534
	209,986		Schlumberger Ltd		14,963,602
	1,494		SEACOR Holdings, Inc		126,915
	18,808	*	Southwestern Energy Co		625,366
	8,744		St. Mary Land & Exploration Co		411,755
	14,123		Sunoco, Inc		680,587
	2,861	*	Whiting Petroleum Corp		115,585
	98,519		Williams Cos, Inc		3,131,919
	3,616		World Fuel Services Corp		146,412
			TOTAL ENERGY		43,634,663

56

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 2.8%
	68,223		Costco Wholesale Corp	$	6,561,688
	40,753		CVS Corp		1,844,073
	4,635	*	Fresh Market, Inc		272,955
	88,295		Kroger Co		1,957,500
	4,415	e	Safeway, Inc		68,654
	48,777		Sysco Corp		1,433,556
	209,984		Wal-Mart Stores, Inc		15,629,109
	28,906		Whole Foods Market, Inc		2,652,993
			TOTAL FOOD & STAPLES RETAILING		30,420,528
FOOD, BEVERAGE & TOBACCO - 8.8%
	248,647		Altria Group, Inc		8,943,833
	13,778		Brown-Forman Corp (Class B)		1,289,069
	21,996		Campbell Soup Co		728,288
	305,861		Coca-Cola Co		24,713,569
	3,190		Coca-Cola Enterprises, Inc		93,531
	24,650	*	Dean Foods Co		304,921
	33,460		Dr Pepper Snapple Group, Inc		1,525,107
	18,389		Flowers Foods, Inc		392,973
	79,812		General Mills, Inc		3,088,724
	19,258	*,e	Green Mountain Coffee Roasters, Inc		351,651
	31,409		H.J. Heinz Co		1,734,091
	23,646		Hershey Co		1,696,364
	15,745		Hillshire Brands Co		403,229
	12,651	e	Hormel Foods Corp		353,089
	2,705		Ingredion, Inc		140,444
	35,986		Kellogg Co		1,716,532
	14,862		Kraft Foods, Inc (Class A)		590,170
	20,549		Lorillard, Inc		2,643,423
	20,989		McCormick & Co, Inc		1,277,810
	32,104		Mead Johnson Nutrition Co		2,342,308
	22,724	*	Monster Beverage Corp		1,510,464
	246,274		PepsiCo, Inc		17,911,508
	246,819		Philip Morris International, Inc		22,569,130
	17,668		Reynolds American, Inc		817,498
			TOTAL FOOD, BEVERAGE & TOBACCO		97,137,726
HEALTH CARE EQUIPMENT & SERVICES - 3.9%
	5,526	*	Amerigroup Corp		496,677
	39,911		AmerisourceBergen Corp		1,584,467
	13,256		Bard (C.R.), Inc		1,289,279
	79,332		Baxter International, Inc		4,641,715
	29,708		Becton Dickinson & Co		2,249,193
	29,584		Cardinal Health, Inc		1,274,775
	16,154	*	Catamaran Corp		1,365,175
	22,828	*	Cerner Corp		1,687,446
	2,197		Cooper Cos, Inc		165,346
	4,212		Covidien plc		235,367
	14,634	*	DaVita, Inc		1,440,278
	9,845		Dentsply International, Inc		357,767
	18,050	*	Edwards Lifesciences Corp		1,826,660
	126,830	*	Express Scripts Holding Co		7,348,530
	7,349	*	Gen-Probe, Inc		607,689

57

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	16,651		HCA Holdings, Inc	$	440,918
	8,210	*	Henry Schein, Inc		614,190
	8,794	*	Idexx Laboratories, Inc		775,367
	6,247	*	Intuitive Surgical, Inc		3,007,930
	15,295	*	Laboratory Corp of America Holdings		1,286,157
	10,396	e	Lincare Holdings, Inc		430,394
	37,060		McKesson Corp		3,362,454
	9,848		Medtronic, Inc		388,208
	13,474		Patterson Cos, Inc		459,463
	2,940		Quest Diagnostics, Inc		171,784
	22,229	*	Resmed, Inc		701,547
	1,611	*	Sirona Dental Systems, Inc		69,643
	37,685		St. Jude Medical, Inc		1,407,912
	35,876		Stryker Corp		1,866,628
	7,674	*	Tenet Healthcare Corp		35,454
	9,699	*	Thoratec Corp		332,773
	1,172		Universal Health Services, Inc (Class B)		45,802
	17,363	*	Varian Medical Systems, Inc		947,673
	3,186		WellPoint, Inc		169,782
	2,768		Zimmer Holdings, Inc		163,118
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		43,247,561
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	51,854		Avon Products, Inc		803,218
	13,692		Church & Dwight Co, Inc		788,796
	1,531		Clorox Co		111,319
	68,906		Colgate-Palmolive Co		7,397,748
	36,231		Estee Lauder Cos (Class A)		1,897,780
	18,198		Herbalife Ltd		998,888
	55,200		Kimberly-Clark Corp		4,797,432
	8,801		Nu Skin Enterprises, Inc (Class A)		448,939
	31,478		Procter & Gamble Co		2,031,590
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		19,275,710
INSURANCE - 0.5%
	2,885		Allied World Assurance Co Holdings Ltd		217,616
	4,315		Aon plc		212,298
	2,549	*	Arch Capital Group Ltd		98,901
	19,023		Arthur J. Gallagher & Co		674,936
	1,385		Brown & Brown, Inc		34,957
	1,160		Endurance Specialty Holdings Ltd		40,217
	4,064		Erie Indemnity Co (Class A)		289,723
	3,258		Hanover Insurance Group, Inc		114,258
	68,052		Marsh & McLennan Cos, Inc		2,260,007
	26,610		Travelers Cos, Inc		1,667,116
	2,509		Validus Holdings Ltd		81,618
			TOTAL INSURANCE		5,691,647
MATERIALS - 3.7%
	10,946		Airgas, Inc		868,237
	7,835		Albemarle Corp		456,154
	13,994	*	Allied Nevada Gold Corp		361,745

58

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	3,517		Aptargroup, Inc	$	175,885
	24,397		Ball Corp		1,013,940
	591		Carpenter Technology Corp		28,285
	24,947		Celanese Corp (Series A)		951,229
	2,266		CF Industries Holdings, Inc		443,592
	5,150		Compass Minerals International, Inc		372,551
	5,627	*	Crown Holdings, Inc		202,009
	147,553		Du Pont (E.I.) de Nemours & Co		7,333,384
	19,501		Eastman Chemical Co		1,019,512
	40,943		Ecolab, Inc		2,679,719
	21,732		FMC Corp		1,188,740
	12,625		International Flavors & Fragrances, Inc		703,718
	4,476	*	Intrepid Potash, Inc		104,470
	3,646		LyondellBasell Industries AF S.C.A		162,356
	3,631	e	Martin Marietta Materials, Inc		272,833
	3,250	*,e	Molycorp, Inc		56,615
	83,995		Monsanto Co		7,191,652
	1,358		NewMarket Corp		312,177
	20,080	*	Owens-Illinois, Inc		370,476
	14,018		Packaging Corp of America		431,614
	23,980		PPG Industries, Inc		2,624,851
	47,025		Praxair, Inc		4,879,314
	1,119		Rock-Tenn Co (Class A)		65,148
	3,320		Rockwood Holdings, Inc		146,810
	9,411		Royal Gold, Inc		712,224
	7,966		RPM International, Inc		211,099
	5,780	e	Scotts Miracle-Gro Co (Class A)		230,622
	13,681		Sherwin-Williams Co		1,838,042
	19,120		Sigma-Aldrich Corp		1,323,104
	7,645		Silgan Holdings, Inc		315,051
	18,906		Southern Copper Corp (NY)		610,286
	7,972		Steel Dynamics, Inc		102,759
	4,014	*	Tahoe Resources, Inc		61,093
	14,495		Valspar Corp		727,649
	460	e	Westlake Chemical Corp		27,306
	10,616	*	WR Grace & Co		594,921
			TOTAL MATERIALS		41,171,172
MEDIA - 3.9%
	8,888	*	AMC Networks, Inc		385,384
	4,720		Cablevision Systems Corp (Class A)		72,405
	17,156		CBS Corp (Class B)		574,040
	7,565	*	Charter Communications, Inc		581,900
	17,890		Cinemark Holdings, Inc		418,268
	3,280		Clear Channel Outdoor Holdings, Inc (Class A)		16,597
	201,281		Comcast Corp (Class A)		6,551,697
	103,134	*	DIRECTV		5,121,634
	40,120	*	Discovery Communications, Inc (Class A)		2,031,276
	24,843		DISH Network Corp (Class A)		764,171
	3,843		Interpublic Group of Cos, Inc		37,930
	3,371		John Wiley & Sons, Inc (Class A)		160,628
	10,349	*	Lamar Advertising Co (Class A)		314,092

59

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	41,258	*	Liberty Global, Inc (Class A)	$	2,177,597
	1,165	*	Liberty Interactive LLC		110,209
	470	*	Madison Square Garden, Inc		17,037
	44,004		McGraw-Hill Cos, Inc		2,066,428
	3,736		Morningstar, Inc		216,950
	113,462		News Corp (Class A)		2,611,895
	42,887		Omnicom Group, Inc		2,152,070
	16,059	*,e	Pandora Media, Inc		158,502
	3,961	e	Regal Entertainment Group (Class A)		54,741
	13,610		Scripps Networks Interactive (Class A)		732,898
	601,715	*,e	Sirius XM Radio, Inc		1,299,704
	49,206		Time Warner Cable, Inc		4,179,066
	83,114		Viacom, Inc (Class B)		3,882,255
	43,264	e	Virgin Media, Inc		1,184,568
	103,576		Walt Disney Co		5,089,725
			TOTAL MEDIA		42,963,667
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	234,874		Abbott Laboratories		15,574,495
	54,141		Agilent Technologies, Inc		2,073,059
	30,240	*	Alexion Pharmaceuticals, Inc		3,170,664
	47,788		Allergan, Inc		3,921,961
	122,461		Amgen, Inc		10,115,279
	22,923	*	Amylin Pharmaceuticals, Inc		705,799
	25,813	*	Ariad Pharmaceuticals, Inc		493,803
	37,717	*	Biogen Idec, Inc		5,500,270
	19,507	*	BioMarin Pharmaceuticals, Inc		766,430
	241,506		Bristol-Myers Squibb Co		8,597,614
	14,511	*	Bruker BioSciences Corp		171,520
	69,359	*	Celgene Corp		4,748,317
	5,055	*	Charles River Laboratories International, Inc		172,022
	925	*	Covance, Inc		43,419
	58,729		Eli Lilly & Co		2,585,838
	11,477	*	Endo Pharmaceuticals Holdings, Inc		341,211
	119,254	*	Gilead Sciences, Inc		6,479,070
	19,222	*,e	Illumina, Inc		797,136
	14,976	*,e	Incyte Corp		374,250
	97,302		Johnson & Johnson		6,735,244
	2,609	*	Life Technologies Corp		114,483
	5,860	*	Medivation, Inc		584,242
	4,896	*	Mettler-Toledo International, Inc		757,901
	62,262	*	Mylan Laboratories, Inc		1,433,894
	13,216	*	Myriad Genetics, Inc		328,418
	10,017	*	Onyx Pharmaceuticals, Inc		750,974
	14,727		Perrigo Co		1,679,173
	12,196	*	Regeneron Pharmaceuticals, Inc		1,642,191
	9,043	*	Salix Pharmaceuticals Ltd		405,307
	5,999		Techne Corp		414,411
	7,863	*	United Therapeutics Corp		430,735
	33,262	*	Vertex Pharmaceuticals, Inc		1,613,540
	26,095		Warner Chilcott plc		443,615

60

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	13,834	*	Waters Corp	$	1,071,858
	20,097	*	Watson Pharmaceuticals, Inc		1,564,149
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		86,602,292
REAL ESTATE - 2.3%
	390	*	Alexander & Baldwin, Inc		12,496
	1,438		American Campus Communities, Inc		68,535
	62,128		American Tower Corp		4,492,476
	16,174		Apartment Investment & Management Co (Class A)		443,653
	3,937		Boston Properties, Inc		436,613
	3,424		BRE Properties, Inc (Class A)		180,376
	9,408		Camden Property Trust		670,885
	52,378	*	CBRE Group, Inc		816,049
	19,298		Digital Realty Trust, Inc		1,506,595
	5,310		Equity Lifestyle Properties, Inc		381,895
	3,695		Equity Residential		233,930
	5,608		Essex Property Trust, Inc		882,475
	10,168		Extra Space Storage, Inc		332,900
	8,004		Federal Realty Investment Trust		869,715
	4,566		HCP, Inc		215,561
	4,047		Home Properties, Inc		265,524
	1,118		Kilroy Realty Corp		52,926
	6,307		Mid-America Apartment Communities, Inc		436,634
	25,152		Plum Creek Timber Co, Inc		1,020,920
	3,497		Post Properties, Inc		180,620
	22,464		Public Storage, Inc		3,346,013
	15,102		Rayonier, Inc		720,214
	8,424		Regency Centers Corp		403,088
	40,149		Simon Property Group, Inc		6,443,513
	2,200	*,e	St. Joe Co		37,246
	15,047		Tanger Factory Outlet Centers, Inc		484,513
	2,838		Taubman Centers, Inc		220,002
	26,781		Weyerhaeuser Co		625,336
			TOTAL REAL ESTATE		25,780,703
RETAILING - 6.3%
	9,699		Aaron’s, Inc		284,472
	11,447		Advance Auto Parts, Inc		803,007
	56,959	*	Amazon.com, Inc		13,288,535
	23,687		American Eagle Outfitters, Inc		493,163
	19,132	*	Ascena Retail Group, Inc		350,881
	3,089	*,e	Autonation, Inc		121,799
	5,990	*	Autozone, Inc		2,247,628
	36,540	*	Bed Bath & Beyond, Inc		2,227,113
	10,831	*	Big Lots, Inc		438,764
	6,537	*	Carmax, Inc		181,925
	19,678		Chico’s FAS, Inc		301,467
	14,461		Dick’s Sporting Goods, Inc		710,324
	29,133	*	Dollar General Corp		1,486,074
	36,512	*	Dollar Tree, Inc		1,838,014
	5,187		DSW, Inc (Class A)		306,655
	8,955		Expedia, Inc		510,345

61

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	15,348		Family Dollar Stores, Inc	$	1,014,196
	4,912		Foot Locker, Inc		162,194
	47,188		Gap, Inc		1,391,574
	24,283		Genuine Parts Co		1,554,840
	12,044		GNC Holdings, Inc		464,055
	5,816	*,e	Groupon, Inc		38,735
	241,029		Home Depot, Inc		12,576,893
	4,775	*,e	HomeAway, Inc		109,634
	2,683		Kohl’s Corp		133,399
	12,434	*	Liberty Media Holding Corp (Interactive A)		232,889
	37,595		Limited Brands, Inc		1,787,642
	22,957	*	LKQ Corp		811,071
	24,464		Lowe’s Companies, Inc		620,652
	8,716		Macy’s, Inc		312,381
	8,897	*,e	NetFlix, Inc		505,794
	24,486		Nordstrom, Inc		1,325,672
	19,866	*	O’Reilly Automotive, Inc		1,703,311
	17,165		Petsmart, Inc		1,134,778
	7,835	*	Priceline.com, Inc		5,184,733
	35,672		Ross Stores, Inc		2,370,048
	22,594	*	Sally Beauty Holdings, Inc		596,934
	6,092		Target Corp		369,480
	16,575		Tiffany & Co		910,465
	116,668		TJX Companies, Inc		5,166,059
	11,467		Tractor Supply Co		1,042,006
	12,724	*	TripAdvisor, Inc		476,005
	10,008		Ulta Salon Cosmetics & Fragrance, Inc		849,479
	16,576	*	Urban Outfitters, Inc		506,397
	7,723		Williams-Sonoma, Inc		268,374
			TOTAL RETAILING		69,209,856
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%
	97,879	*	Advanced Micro Devices, Inc		397,389
	50,249		Altera Corp		1,781,327
	4,331		Analog Devices, Inc		169,255
	6,174	*	Atmel Corp		36,180
	36,364		Avago Technologies Ltd		1,345,468
	53,852		Broadcom Corp (Class A)		1,824,506
	14,070		Cypress Semiconductor Corp		150,408
	8,577	*,e	Freescale Semiconductor Holdings Ltd		91,517
	588,618		Intel Corp		15,127,483
	9,915	*	Lam Research Corp		341,175
	36,530		Linear Technology Corp		1,178,092
	88,605	*	LSI Logic Corp		611,374
	22,753		Maxim Integrated Products, Inc		619,564
	30,790	e	Microchip Technology, Inc		1,027,770
	6,647	*	Silicon Laboratories, Inc		245,607
	26,314	*	Skyworks Solutions, Inc		761,264
	2,998	*	Teradyne, Inc		44,101
	121,095		Texas Instruments, Inc		3,298,628
	41,742		Xilinx, Inc		1,352,441
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		30,403,549

62

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 17.4%
	101,383		Accenture plc	$	6,113,395
	44,279	*	Adobe Systems, Inc		1,367,336
	25,782	*	Akamai Technologies, Inc		907,011
	8,002	*	Alliance Data Systems Corp		1,040,260
	14,869	*	Ansys, Inc		891,545
	3,582	*,e	AOL, Inc		114,123
	15,722	*	Ariba, Inc		698,528
	35,990	*	Autodesk, Inc		1,220,781
	77,012		Automatic Data Processing, Inc		4,355,029
	25,088	*	BMC Software, Inc		993,485
	19,450		Broadridge Financial Solutions, Inc		411,756
	3,486		CA, Inc		83,908
	42,776	*	Cadence Design Systems, Inc		522,723
	29,279	*	Citrix Systems, Inc		2,127,998
	47,941	*	Cognizant Technology Solutions Corp (Class A)		2,721,611
	2,531	*	Compuware Corp		23,311
	7,089	*	Concur Technologies, Inc		478,791
	835		DST Systems, Inc		45,006
	182,381	*	eBay, Inc		8,079,478
	7,607	*	Equinix, Inc		1,355,415
	65,602	*,e	Facebook, Inc		1,424,219
	6,991		Factset Research Systems, Inc		649,883
	17,870	*	Fiserv, Inc		1,253,223
	7,577	*	FleetCor Technologies, Inc		279,743
	20,338	*	Fortinet, Inc		488,315
	14,526	*	Gartner, Inc		644,809
	15,833	*	Genpact Ltd		275,811
	12,237		Global Payments, Inc		523,988
	40,755	*	Google, Inc (Class A)		25,796,692
	1,911		IAC/InterActiveCorp		100,538
	16,854	*	Informatica Corp		497,362
	171,649		International Business Machines Corp		33,639,771
	46,237		Intuit, Inc		2,682,671
	14,176		Jack Henry & Associates, Inc		492,332
	13,161		Lender Processing Services, Inc		324,682
	9,834	*	LinkedIn Corp		1,009,460
	17,068		Mastercard, Inc (Class A)		7,451,377
	12,928	*	Micros Systems, Inc		617,183
	1,185,301		Microsoft Corp		34,930,820
	4,888	*	NetSuite, Inc		270,502
	10,411	*	NeuStar, Inc (Class A)		368,653
	37,637	*	Nuance Communications, Inc		765,913
	601,670		Oracle Corp		18,170,434
	47,673		Paychex, Inc		1,558,430
	17,456	*	Rackspace Hosting, Inc		765,969
	30,426	*	Red Hat, Inc		1,632,659
	4,451	*	Rovi Corp		59,554
	15,654		SAIC, Inc		181,117
	21,836	*	Salesforce.com, Inc		2,715,525
	9,593	*	SolarWinds, Inc		512,170

63

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	10,816		Solera Holdings, Inc	$	422,365
	2,076	*,e,m	Splunk, Inc		61,034
	6,046	*	Symantec Corp		95,224
	1,708	*	Synopsys, Inc		51,735
	26,581	*	Teradata Corp		1,797,407
	25,686	*	TIBCO Software, Inc		721,520
	21,654		Total System Services, Inc		512,117
	6,201	*	Vantiv, Inc		139,895
	16,764	*	VeriFone Systems, Inc		608,366
	23,101		VeriSign, Inc		1,026,147
	82,286		Visa, Inc (Class A)		10,620,654
	13,775	*	VMware, Inc (Class A)		1,250,219
	96,671		Western Union Co		1,684,976
	21,744	*,e	Zynga, Inc		64,145
			TOTAL SOFTWARE & SERVICES		192,691,099
TECHNOLOGY HARDWARE & EQUIPMENT - 11.3%
	10,293	*	Acme Packet, Inc		163,144
	25,624		Amphenol Corp (Class A)		1,508,741
	147,236	*,d	Apple, Inc		89,925,859
	667		Diebold, Inc		21,578
	4,695	*	Dolby Laboratories, Inc (Class A)		165,499
	2,168	*	EchoStar Corp (Class A)		62,438
	330,632	*	EMC Corp		8,665,865
	12,365	*	F5 Networks, Inc		1,154,644
	19,452		Flir Systems, Inc		397,793
	11,594	*,e	Fusion-io, Inc		221,677
	5,264		Harris Corp		219,246
	4,954	*,e	IPG Photonics Corp		256,766
	4,898		Jabil Circuit, Inc		106,287
	45,949		Motorola, Inc		2,221,175
	14,534		National Instruments Corp		375,558
	24,729	*	NCR Corp		576,680
	37,936	*	NetApp, Inc		1,239,369
	269,941		Qualcomm, Inc		16,110,079
	26,113	*	Riverbed Technology, Inc		460,633
	19,481	*	Trimble Navigation Ltd		862,229
	14,858	*	Western Digital Corp		590,903
	1,456	*	Zebra Technologies Corp (Class A)		50,290
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		125,356,453
TELECOMMUNICATION SERVICES - 2.3%
	46,137	*	Crown Castle International Corp		2,854,958
	13,004	*	Level 3 Communications, Inc		250,587
	19,242	*	SBA Communications Corp (Class A)		1,136,432
	23,437	*	tw telecom inc (Class A)		588,972
	447,374		Verizon Communications, Inc		20,194,462
	54,433	e	Windstream Corp		542,153
			TOTAL TELECOMMUNICATION SERVICES		25,567,564

64

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		RATE		MATURITY DATE	VALUE
TRANSPORTATION - 2.6%
	25,326		CH Robinson Worldwide, Inc					$	1,338,479
	4,807		Con-Way, Inc						171,225
	4,162		Copa Holdings S.A. (Class A)						322,680
	110,777		CSX Corp						2,541,225
	86,388	*	Delta Air Lines, Inc						833,644
	29,909		Expeditors International Washington, Inc						1,063,863
	3,092		FedEx Corp						279,208
	23,519	*	Hertz Global Holdings, Inc						264,824
	13,988		J.B. Hunt Transport Services, Inc						769,620
	13,655		Kansas City Southern Industries, Inc						994,084
	6,871	*	Kirby Corp						362,583
	7,722		Landstar System, Inc						381,544
	1,200		Matson, Inc						29,472
	23,194		Southwest Airlines Co						213,153
	52,549	*	UAL Corp						992,651
	74,989		Union Pacific Corp						9,194,401
	114,070		United Parcel Service, Inc (Class B)						8,624,833
			TOTAL TRANSPORTATION						28,377,489
UTILITIES - 0.2%
	2,473		Aqua America, Inc						63,408
	8,274		ITC Holdings Corp						613,848
	32,839		Oneok, Inc						1,461,664
	6,331		Questar Corp						128,836
			TOTAL UTILITIES						2,267,756
			TOTAL COMMON STOCKS						1,093,042,537
			(Cost $897,500,902)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.1%
TREASURY DEBT - 0.8%
	$7,800,000		United States Treasury Bill	0.055-0.056		%	08/02/12		7,799,988
	1,100,000		United States Treasury Bill		0.077		08/23/12		1,099,948
									8,899,936

65

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%
	13,868,389	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	$	13,868,389
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		13,868,389
			TOTAL SHORT-TERM INVESTMENTS		22,768,325
			(Cost $22,768,325)
			TOTAL INVESTMENTS - 100.8%		1,115,810,862
			(Cost $920,269,227)
			OTHER ASSETS & LIABILITIES, NET - (0.8)%		(8,488,091	)
			NET ASSETS - 100.0%	$	1,107,322,771

*	Non-income producing.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $13,342,943.
m	Indicates a security that has been deemed illiquid.

66

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 1.1%
	608,204		Ford Motor Co	$	5,619,805
	123,551	*	General Motors Co		2,435,190
	109,769		Johnson Controls, Inc		2,705,806
	15,878		Lear Corp		564,463
	6,042		Thor Industries, Inc		173,587
	16,673	*	TRW Automotive Holdings Corp		655,249
	7,836	*	Visteon Corp		254,121
	606	*	WABCO Holdings, Inc		33,282
			TOTAL AUTOMOBILES & COMPONENTS		12,441,503
BANKS - 5.8%
	27,804		Associated Banc-Corp		347,272
	7,228		Bank of Hawaii Corp		337,620
	5,555		BankUnited		135,320
	112,737		BB&T Corp		3,536,560
	4,424		BOK Financial Corp		249,912
	37,040		CapitalSource, Inc		242,612
	27,862		Capitol Federal Financial		326,542
	32,619	*	CIT Group, Inc		1,191,246
	7,455		City National Corp		367,382
	31,398		Comerica, Inc		948,533
	12,464		Commerce Bancshares, Inc		490,832
	8,832		Cullen/Frost Bankers, Inc		488,498
	23,036		East West Bancorp, Inc		502,185
	148,584		Fifth Third Bancorp		2,053,431
	871		First Citizens Bancshares, Inc (Class A)		143,097
	40,406		First Horizon National Corp		332,541
	56,360		First Niagara Financial Group, Inc		427,209
	16,244		First Republic Bank		528,417
	32,093		Fulton Financial Corp		294,935
	84,422		Hudson City Bancorp, Inc		536,080
	141,319		Huntington Bancshares, Inc		878,298
	154,953		Keycorp		1,236,525
	20,457		M&T Bank Corp		1,756,029
	70,191	e	New York Community Bancorp, Inc		911,079
	47,169		People’s United Financial, Inc		540,557
	85,801		PNC Financial Services Group, Inc		5,070,839
	16,344	*	Popular, Inc		246,304
	228,918		Regions Financial Corp		1,593,269
	6,680	*	Signature Bank		430,860
	86,874		SunTrust Banks, Inc		2,054,570
	6,997	*	SVB Financial Group		404,496
	125,723		Synovus Financial Corp		238,874
	25,900		TCF Financial Corp		267,547

67

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	13,952	*	TFS Financial Corp	$	131,288
	309,033		US Bancorp		10,352,605
	31,473	e	Valley National Bancorp		292,699
	17,071		Washington Federal, Inc		271,941
	795,137		Wells Fargo & Co		26,883,582
	29,408		Zions Bancorporation		535,226
			TOTAL BANKS		67,576,812
CAPITAL GOODS - 7.2%
	11,359		3M Co		1,036,282
	18,013	*	Aecom Technology Corp		291,991
	15,464	*	AGCO Corp		677,942
	10,748	*,e	Air Lease Corp		211,520
	5,299		Alliant Techsystems, Inc		245,450
	12,307		Boeing Co		909,610
	8,997		Carlisle Cos, Inc		454,258
	5,947		Chicago Bridge & Iron Co NV		212,546
	4,898	*	CNH Global NV		186,712
	6,033	*	Colfax Corp		174,595
	7,843		Cooper Industries plc		563,755
	7,764		Crane Co		302,796
	61,685		Danaher Corp		3,257,585
	29,728		Dover Corp		1,619,284
	54,485		Eaton Corp		2,388,622
	18,585		Emerson Electric Co		887,805
	2,643	*	Engility Holdings, Inc		38,588
	29,842		Exelis, Inc		280,515
	668		Flowserve Corp		80,147
	6,771		Fluor Corp		335,706
	21,281	*	Fortune Brands Home & Security, Inc		470,736
	8,349		Gardner Denver, Inc		475,726
	7,439		GATX Corp		312,959
	7,614	*	General Cable Corp		198,954
	51,219		General Dynamics Corp		3,249,333
	1,715,291		General Electric Co		35,592,288
	20,749	*	GrafTech International Ltd		216,827
	12,852		Harsco Corp		273,105
	1,627		Hubbell, Inc (Class B)		133,870
	7,896	*	Huntington Ingalls		307,865
	10,772		IDEX Corp		410,952
	3,756		Illinois Tool Works, Inc		204,101
	8,570		Ingersoll-Rand plc		363,454
	11,579		ITT Corp		216,990
	20,616	*	Jacobs Engineering Group, Inc		795,159
	23,718		KBR, Inc		622,360
	12,774		Kennametal, Inc		471,361
	15,859		L-3 Communications Holdings, Inc		1,124,245
	4,717		Lockheed Martin Corp		421,087
	5,706	e	Manitowoc Co, Inc		68,472
	1,861	*	MRC Global, Inc		43,008
	10,655	*,e	Navistar International Corp		262,113
	595		Nordson Corp		30,500

68

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	40,576		Northrop Grumman Corp	$	2,686,131
	15,589	*	Oshkosh Truck Corp		351,064
	20,150	*	Owens Corning, Inc		541,229
	44,634		Paccar, Inc		1,785,806
	13,280		Parker Hannifin Corp		1,066,650
	16,287	e	Pentair, Inc		713,859
	33,349	*	Quanta Services, Inc		766,694
	54,284		Raytheon Co		3,011,676
	6,170		Regal-Beloit Corp		397,163
	10,514	*	Shaw Group, Inc		409,520
	7,373		Snap-On, Inc		499,742
	14,619	*	Spirit Aerosystems Holdings, Inc (Class A)		343,546
	5,636		SPX Corp		342,218
	28,596		Stanley Works		1,912,786
	18,881	*	Terex Corp		368,179
	42,844		Textron, Inc		1,116,086
	12,736		Timken Co		461,043
	12,741		Trinity Industries, Inc		356,748
	5,556		Triumph Group, Inc		347,417
	75,253		Tyco International Ltd		4,134,400
	12,897		URS Corp		452,298
	6,959	*	WESCO International, Inc		387,686
	26,340		Xylem, Inc		631,633
			TOTAL CAPITAL GOODS		83,504,748
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	16,556		Avery Dennison Corp		509,759
	9,615		Cintas Corp		381,043
	16,640		Corrections Corp of America		517,171
	17,289		Covanta Holding Corp		297,025
	2,500		Dun & Bradstreet Corp		200,475
	2,019		Equifax, Inc		94,570
	1,328		Iron Mountain, Inc		42,775
	4,445	*	KAR Auction Services, Inc		71,165
	12,738		Manpower, Inc		453,218
	14,578	*	Nielsen Holdings NV		415,473
	10,399	e	Pitney Bowes, Inc		138,931
	28,828	e	R.R. Donnelley & Sons Co		349,395
	49,526		Republic Services, Inc		1,432,787
	9,953		Towers Watson & Co		583,544
	3,616	*	Verisk Analytics, Inc		181,704
	19,140		Waste Connections, Inc		588,938
	74,631		Waste Management, Inc		2,567,306
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		8,825,279
CONSUMER DURABLES & APPAREL - 0.7%
	2,757	*,e	Deckers Outdoor Corp		114,995
	41,138		DR Horton, Inc		725,263
	16,147	*,e	Garmin Ltd		623,436
	11,249		Harman International Industries, Inc		453,897
	1,988	e	Hasbro, Inc		71,210
	9,783		Jarden Corp		442,192

69

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	22,352		Leggett & Platt, Inc	$	518,119
	25,791	e	Lennar Corp (Class A)		753,355
	12,280		Mattel, Inc		431,888
	9,113	*	Mohawk Industries, Inc		605,377
	46,320		Newell Rubbermaid, Inc		817,548
	96	*	NVR, Inc		74,302
	980		Phillips-Van Heusen Corp		77,841
	56,544	*	Pulte Homes, Inc		638,947
	22,901	*	Toll Brothers, Inc		668,022
	12,616		Whirlpool Corp		852,337
			TOTAL CONSUMER DURABLES & APPAREL		7,868,729
CONSUMER SERVICES - 0.5%
	67,073		Carnival Corp		2,232,189
	4,083		Choice Hotels International, Inc		163,647
	10,425		DeVry, Inc		204,643
	17,500		H&R Block, Inc		282,275
	7,168	*	Hyatt Hotels Corp		254,822
	21,035		International Game Technology		238,116
	3,169		Marriott International, Inc (Class A)		115,415
	65,561	*	MGM Mirage		624,141
	9,666	*	Penn National Gaming, Inc		376,201
	24,193		Royal Caribbean Cruises Ltd		604,341
	34,688		Service Corp International		445,741
	44,780		Wendy’s		205,540
			TOTAL CONSUMER SERVICES		5,747,071
DIVERSIFIED FINANCIALS - 9.2%
	2,086	*	Affiliated Managers Group, Inc		232,777
	53,201	*	American Capital Ltd		529,882
	57,614		American Express Co		3,324,904
	35,315		Ameriprise Financial, Inc		1,826,492
	35,403		Ares Capital Corp		588,752
	1,745,000		Bank of America Corp		12,808,300
	192,429		Bank of New York Mellon Corp		4,094,889
	9,525		BlackRock, Inc		1,621,726
	94,876		Capital One Financial Corp		5,359,545
	2,283		CBOE Holdings, Inc		65,065
	173,373		Charles Schwab Corp		2,189,701
	474,697		Citigroup, Inc		12,878,530
	53,625		CME Group, Inc		2,794,399
	85,410		Discover Financial Services		3,071,344
	48,119	*	E*Trade Financial Corp		367,148
	2,893	e	Federated Investors, Inc (Class B)		58,178
	17,235		Franklin Resources, Inc		1,981,163
	79,833		Goldman Sachs Group, Inc		8,055,150
	6,905		Interactive Brokers Group, Inc (Class A)		95,634
	72,534		Invesco Ltd		1,605,177
	100,000		iShares Russell 1000 Value Index Fund		6,881,000
	30,090		Janus Capital Group, Inc		217,551
	22,565	e	Jefferies Group, Inc		282,965
	615,971		JPMorgan Chase & Co		22,174,956

70

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	22,553		Legg Mason, Inc	$	553,000
	24,121		Leucadia National Corp		522,943
	897	*	LPL Financial Holdings, Inc		25,134
	250,880		Morgan Stanley		3,427,021
	18,622		Nasdaq Stock Market, Inc		422,719
	34,895		Northern Trust Corp		1,584,233
	40,566		NYSE Euronext		1,033,622
	18,134		Raymond James Financial, Inc		609,665
	79,154		SLM Corp		1,265,672
	78,769		State Street Corp		3,180,692
	41,550		TD Ameritrade Holding Corp		661,476
			TOTAL DIVERSIFIED FINANCIALS		106,391,405
ENERGY - 16.6%
	38,090	*	Alpha Natural Resources, Inc		267,011
	80,872		Anadarko Petroleum Corp		5,615,752
	63,364		Apache Corp		5,456,908
	6,193	*	Atwood Oceanics, Inc		275,774
	70,705		Baker Hughes, Inc		3,275,056
	9,112	*	Cameron International Corp		458,060
	12,983	*	Cheniere Energy, Inc		176,958
	106,898	e	Chesapeake Energy Corp		2,011,820
	319,306		Chevron Corp		34,989,551
	14,029		Cimarex Energy Co		795,304
	1,607	*	Cobalt International Energy, Inc		40,336
	204,621		ConocoPhillips		11,139,567
	36,383		Consol Energy, Inc		1,054,379
	64,404	*	Denbury Resources, Inc		973,788
	65,740	*	Devon Energy Corp		3,886,549
	11,262	e	Diamond Offshore Drilling, Inc		736,760
	11,482		Energen Corp		587,993
	21,341		Equitable Resources, Inc		1,203,632
	21,042	e	EXCO Resources, Inc		148,136
	759,027	d	Exxon Mobil Corp		65,921,495
	101,441		Halliburton Co		3,360,740
	12,186		Helmerich & Payne, Inc		566,649
	49,106		Hess Corp		2,315,839
	33,581		Holly Corp		1,255,594
	900	*	Laredo Petroleum Holdings, Inc		20,682
	113,790		Marathon Oil Corp		3,012,021
	55,575		Marathon Petroleum Corp		2,628,697
	39,408	*	McDermott International, Inc		461,074
	31,366		Murphy Oil Corp		1,683,100
	48,437	*	Nabors Industries Ltd		670,368
	53,436		National Oilwell Varco, Inc		3,863,423
	21,518	*	Newfield Exploration Co		656,945
	22,284		Noble Energy, Inc		1,948,290
	131,265		Occidental Petroleum Corp		11,423,993
	1,177	*	Oil States International, Inc		85,568
	24,917		Patterson-UTI Energy, Inc		385,715
	44,457		Peabody Energy Corp		928,262
	101,684		Phillips 66		3,823,318

71

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	3,244		Pioneer Natural Resources Co	$	287,516
	21,052	*	Plains Exploration & Production Co		841,238
	28,475		Questar Market Resources, Inc		855,104
	19,814	*	Rowan Cos PLC		696,066
	1,975	e	RPC, Inc		26,564
	79,790	*,e	SandRidge Energy, Inc		544,168
	1,984		SEACOR Holdings, Inc		168,541
	37,123	*	Southwestern Energy Co		1,234,340
	105,308		Spectra Energy Corp		3,231,903
	1,544		St. Mary Land & Exploration Co		72,707
	2,254		Sunoco, Inc		108,620
	26,406	*	Superior Energy Services		572,218
	5,793		Teekay Corp		178,019
	22,367	*	Tesoro Corp		618,448
	8,195		Tidewater, Inc		398,031
	25,645	*,e	Ultra Petroleum Corp		609,325
	7,724	*	Unit Corp		307,106
	89,155		Valero Energy Corp		2,451,762
	16,594	*	Whiting Petroleum Corp		670,398
	7,768		World Fuel Services Corp		314,526
	31,710	*	WPX Energy, Inc		505,775
			TOTAL ENERGY		192,797,482
FOOD & STAPLES RETAILING - 1.6%
	165,672		CVS Corp		7,496,658
	33,129	e	Safeway, Inc		515,156
	44,929		Sysco Corp		1,320,463
	139,929		Walgreen Co		5,087,819
	57,893		Wal-Mart Stores, Inc		4,308,976
			TOTAL FOOD & STAPLES RETAILING		18,729,072
FOOD, BEVERAGE & TOBACCO - 2.9%
	74,374		Altria Group, Inc		2,675,233
	106,245		Archer Daniels Midland Co		2,771,932
	25,476		Beam, Inc		1,601,931
	2,106		Brown-Forman Corp (Class B)		197,037
	23,647		Bunge Ltd		1,555,263
	5,972		Campbell Soup Co		197,733
	44,456		Coca-Cola Enterprises, Inc		1,303,450
	67,189		ConAgra Foods, Inc		1,658,896
	25,081	*	Constellation Brands, Inc (Class A)		707,535
	4,704	*	Dean Foods Co		58,189
	22,933		General Mills, Inc		887,507
	3,640	*,e	Green Mountain Coffee Roasters, Inc		66,466
	19,579		H.J. Heinz Co		1,080,957
	3,083		Hillshire Brands Co		78,956
	9,830		Hormel Foods Corp		274,355
	9,559		Ingredion, Inc		496,303
	18,167		J.M. Smucker Co		1,395,226
	2,423		Kellogg Co		115,577
	272,075		Kraft Foods, Inc (Class A)		10,804,098
	20,925		Molson Coors Brewing Co (Class B)		885,546

72

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	22,283		Philip Morris International, Inc	$	2,037,557
	9,116	*	Ralcorp Holdings, Inc		543,952
	35,389		Reynolds American, Inc		1,637,449
	25,711	*	Smithfield Foods, Inc		475,654
	46,417		Tyson Foods, Inc (Class A)		696,719
			TOTAL FOOD, BEVERAGE & TOBACCO		34,203,521
HEALTH CARE EQUIPMENT & SERVICES - 3.8%
	56,021		Aetna, Inc		2,020,117
	32,496	*	Allscripts Healthcare Solutions, Inc		298,963
	2,424	*	Amerigroup Corp		217,869
	7,777		Baxter International, Inc		455,032
	2,358		Becton Dickinson & Co		178,524
	234,398	*	Boston Scientific Corp		1,211,838
	15,512	*	Brookdale Senior Living, Inc		255,328
	25,916		Cardinal Health, Inc		1,116,720
	35,475	*	CareFusion Corp		865,945
	46,522		Cigna Corp		1,873,906
	14,539	*	Community Health Systems, Inc		357,805
	5,511		Cooper Cos, Inc		414,758
	23,404		Coventry Health Care, Inc		780,055
	73,796		Covidien plc		4,123,721
	12,487		Dentsply International, Inc		453,778
	9,267		HCA Holdings, Inc		245,390
	40,955	*	Health Management Associates, Inc (Class A)		269,484
	13,291	*	Health Net, Inc		292,668
	6,197	*	Henry Schein, Inc		463,598
	9,895		Hill-Rom Holdings, Inc		258,754
	42,260	*	Hologic, Inc		782,655
	26,720		Humana, Inc		1,645,952
	12,798	*	Inverness Medical Innovations, Inc		241,498
	7,796	*	LifePoint Hospitals, Inc		297,184
	3,130	e	Lincare Holdings, Inc		129,582
	157,924		Medtronic, Inc		6,225,364
	18,072		Omnicare, Inc		567,642
	975		Patterson Cos, Inc		33,248
	8,111	*	Pediatrix Medical Group, Inc		536,380
	22,666		Quest Diagnostics, Inc		1,324,374
	7,193	*	Sirona Dental Systems, Inc		310,953
	11,408		St. Jude Medical, Inc		426,203
	13,388		Stryker Corp		696,578
	6,801		Teleflex, Inc		433,496
	62,255	*	Tenet Healthcare Corp		287,618
	167,918		UnitedHealth Group, Inc		8,578,931
	14,173		Universal Health Services, Inc (Class B)		553,881
	13,952	*	VCA Antech, Inc		253,926
	50,556		WellPoint, Inc		2,694,129
	25,610		Zimmer Holdings, Inc		1,509,197
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		43,683,044
HOUSEHOLD & PERSONAL PRODUCTS - 2.7%
	15,784		Avon Products, Inc		244,494

73

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	8,836		Church & Dwight Co, Inc	$	509,042
	19,774		Clorox Co		1,437,767
	6,520		Colgate-Palmolive Co		699,987
	10,439	*	Energizer Holdings, Inc		811,841
	6,880		Kimberly-Clark Corp		597,941
	411,022		Procter & Gamble Co		26,527,360
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		30,828,432
INSURANCE - 6.8%
	54,571		ACE Ltd		4,010,968
	76,901		Aflac, Inc		3,366,726
	2,764	*	Alleghany Corp		955,819
	2,864		Allied World Assurance Co Holdings Ltd		216,032
	79,154		Allstate Corp		2,714,982
	13,646		American Financial Group, Inc		514,591
	104,986	*	American International Group, Inc		3,282,912
	1,337		American National Insurance Co		94,165
	48,178		Aon plc		2,370,358
	19,724	*	Arch Capital Group Ltd		765,291
	11,370		Aspen Insurance Holdings Ltd		326,774
	13,715		Assurant, Inc		496,620
	25,718		Assured Guaranty Ltd		308,102
	17,482		Axis Capital Holdings Ltd		574,459
	289,646	*	Berkshire Hathaway, Inc (Class B)		24,573,567
	17,004		Brown & Brown, Inc		429,181
	43,570		Chubb Corp		3,167,103
	23,833		Cincinnati Financial Corp		901,841
	4,119		CNA Financial Corp		107,547
	6,154		Endurance Specialty Holdings Ltd		213,359
	8,602		Everest Re Group Ltd		874,823
	35,634		Fidelity National Title Group, Inc (Class A)		663,505
	82,357	*	Genworth Financial, Inc (Class A)		415,079
	3,767		Hanover Insurance Group, Inc		132,109
	71,671		Hartford Financial Services Group, Inc		1,178,988
	16,176		HCC Insurance Holdings, Inc		495,633
	7,811		Kemper Corp		255,576
	45,621		Lincoln National Corp		914,701
	50,342		Loews Corp		1,993,040
	1,584	*	Markel Corp		684,383
	18,781		Marsh & McLennan Cos, Inc		623,717
	22,609	*,e	MBIA, Inc		215,916
	4,671		Mercury General Corp		169,184
	137,248		Metlife, Inc		4,223,121
	41,407		Old Republic International Corp		333,740
	10,503		PartnerRe Ltd		760,837
	48,717		Principal Financial Group		1,246,668
	5,072		ProAssurance Corp		454,299
	98,748		Progressive Corp		1,949,285
	12,864		Protective Life Corp		359,034
	75,392		Prudential Financial, Inc		3,639,926
	12,076		Reinsurance Group of America, Inc (Class A)		672,271
	8,538		RenaissanceRe Holdings Ltd		631,727

74

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	7,018		Stancorp Financial Group, Inc	$	208,856
	15,709		Torchmark Corp		781,523
	35,497		Travelers Cos, Inc		2,223,887
	46,715		UnumProvident Corp		882,446
	13,448		Validus Holdings Ltd		437,463
	17,718		W.R. Berkley Corp		649,010
	964		White Mountains Insurance Group Ltd		492,209
	49,770		XL Capital Ltd		1,027,750
			TOTAL INSURANCE		78,981,103
MATERIALS - 3.7%
	34,051		Air Products & Chemicals, Inc		2,738,722
	6,143		Albemarle Corp		357,645
	170,629		Alcoa, Inc		1,445,228
	17,751		Allegheny Technologies, Inc		533,063
	7,036		Aptargroup, Inc		351,870
	12,758		Ashland, Inc		898,036
	16,453		Bemis Co, Inc		505,930
	10,139		Cabot Corp		395,421
	6,521		Carpenter Technology Corp		312,095
	8,256		CF Industries Holdings, Inc		1,616,194
	23,174		Cleveland-Cliffs, Inc		947,585
	18,507		Commercial Metals Co		238,555
	18,092	*	Crown Holdings, Inc		649,503
	7,312		Cytec Industries, Inc		450,127
	5,772		Domtar Corp		426,320
	193,602		Dow Chemical Co		5,571,865
	4,320		Eastman Chemical Co		225,850
	153,691		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,174,776
	5,022		Greif, Inc (Class A)		217,252
	32,272		Huntsman Corp		408,241
	70,601		International Paper Co		2,316,419
	4,611	*	Intrepid Potash, Inc		107,621
	4,123	e	Kronos Worldwide, Inc		69,761
	48,069		LyondellBasell Industries AF S.C.A		2,140,513
	3,560	e	Martin Marietta Materials, Inc		267,499
	28,633		MeadWestvaco Corp		813,177
	8,504	*,e	Molycorp, Inc		148,140
	47,788		Mosaic Co		2,776,961
	79,831		Newmont Mining Corp		3,550,085
	51,164		Nucor Corp		2,005,629
	6,179	*	Owens-Illinois, Inc		114,002
	1,183		Packaging Corp of America		36,424
	11,925		Reliance Steel & Aluminum Co		613,899
	10,299		Rock-Tenn Co (Class A)		599,608
	7,601		Rockwood Holdings, Inc		336,116
	12,844		RPM International, Inc		340,366
	738	e	Scotts Miracle-Gro Co (Class A)		29,446
	30,998		Sealed Air Corp		502,168
	16,028		Sonoco Products Co		485,809
	6,537		Southern Copper Corp (NY)		211,014
	27,396		Steel Dynamics, Inc		353,134

75

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	11,291	*	Tahoe Resources, Inc	$	171,849
	12,787		Titanium Metals Corp		149,096
	23,946	e	United States Steel Corp		494,485
	20,638		Vulcan Materials Co		799,516
	10,448		Walter Energy, Inc		358,366
	2,534	e	Westlake Chemical Corp		150,418
	1,241	*	WR Grace & Co		69,546
			TOTAL MATERIALS		43,475,345
MEDIA - 3.2%
	30,532		Cablevision Systems Corp (Class A)		468,361
	86,754		CBS Corp (Class B)		2,902,789
	4,600		Clear Channel Outdoor Holdings, Inc (Class A)		23,276
	227,958		Comcast Corp (Class A)		7,420,033
	7,165		DISH Network Corp (Class A)		220,395
	10,835	*,e	DreamWorks Animation SKG, Inc (Class A)		208,032
	37,498		Gannett Co, Inc		529,097
	66,596		Interpublic Group of Cos, Inc		657,303
	4,258		John Wiley & Sons, Inc (Class A)		202,894
	1,463	*,e	Lamar Advertising Co (Class A)		44,402
	16,359	*	Liberty Interactive LLC		1,547,561
	9,077	*	Madison Square Garden, Inc		329,041
	222,973		News Corp (Class A)		5,132,838
	8,792	e	Regal Entertainment Group (Class A)		121,505
	60,022		Thomson Corp		1,699,223
	155,641		Time Warner, Inc		6,088,676
	182,908		Walt Disney Co		8,988,099
	662	e	Washington Post Co (Class B)		224,087
			TOTAL MEDIA		36,807,612
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	13,357		Abbott Laboratories		885,703
	2,431	*	Amylin Pharmaceuticals, Inc		74,850
	3,188	*	Bio-Rad Laboratories, Inc (Class A)		306,717
	25,365		Bristol-Myers Squibb Co		902,994
	2,896	*	Charles River Laboratories International, Inc		98,551
	8,725	*	Covance, Inc		409,552
	105,799		Eli Lilly & Co		4,658,330
	6,945	*	Endo Pharmaceuticals Holdings, Inc		206,475
	42,998	*	Forest Laboratories, Inc		1,442,583
	26,337	*	Hospira, Inc		915,211
	346,401		Johnson & Johnson		23,977,877
	26,313	*	Life Technologies Corp		1,154,614
	492,414		Merck & Co, Inc		21,749,926
	5,547	*	Mylan Laboratories, Inc		127,747
	18,141		PerkinElmer, Inc		463,503
	1,212,571		Pfizer, Inc		29,150,207
	37,610	*,e	Qiagen N.V. (NASDAQ)		662,312
	59,266		Thermo Electron Corp		3,299,338
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		90,486,490

76

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 4.4%
	6,199	*	Alexander & Baldwin, Inc	$	198,616
	9,907		Alexandria Real Estate Equities, Inc		727,966
	76,416		AMB Property Corp		2,470,529
	13,361		American Campus Communities, Inc		636,785
	55,139		American Capital Agency Corp		1,937,585
	157,285		Annaly Capital Management, Inc		2,741,478
	6,101		Apartment Investment & Management Co (Class A)		167,350
	15,366		AvalonBay Communities, Inc		2,260,185
	24,563		BioMed Realty Trust, Inc		461,784
	20,060		Boston Properties, Inc		2,224,654
	24,511		Brandywine Realty Trust		291,191
	8,768		BRE Properties, Inc (Class A)		461,898
	3,146		Camden Property Trust		224,341
	24,777		CBL & Associates Properties, Inc		488,850
	172,889		Chimera Investment Corp		373,440
	11,486		Corporate Office Properties Trust		255,678
	35,249		DDR Corp		530,145
	22,334		Douglas Emmett, Inc		525,072
	42,598		Duke Realty Corp		615,967
	1,244		Equity Lifestyle Properties, Inc		89,469
	45,558		Equity Residential		2,884,277
	6,416		Extra Space Storage, Inc		210,060
	2,327		Federal Realty Investment Trust		252,852
	24,009	*	Forest City Enterprises, Inc (Class A)		338,767
	85,522		General Growth Properties, Inc		1,549,659
	16,262		Hatteras Financial Corp		475,664
	62,873		HCP, Inc		2,968,234
	34,505		Health Care REIT, Inc		2,147,246
	3,898		Home Properties, Inc		255,748
	19,689		Hospitality Properties Trust		477,852
	114,968		Host Marriott Corp		1,687,730
	4,380	*	Howard Hughes Corp		269,939
	13,378		HRPT Properties Trust		244,015
	7,201		Jones Lang LaSalle, Inc		480,235
	10,438		Kilroy Realty Corp		494,135
	65,070		Kimco Realty Corp		1,268,214
	16,553		Liberty Property Trust		600,708
	21,147		Macerich Co		1,235,196
	13,954		Mack-Cali Realty Corp		373,828
	57,015		MFA Mortgage Investments, Inc		460,681
	593		Mid-America Apartment Communities, Inc		41,053
	17,098		National Retail Properties, Inc		504,391
	27,572		Piedmont Office Realty Trust, Inc		470,378
	5,403		Post Properties, Inc		279,065
	4,072		Rayonier, Inc		194,194
	21,804		Realty Income Corp		898,325
	5,703		Regency Centers Corp		272,889
	13,953		Retail Properties of America, Inc		139,111
	28,830		Senior Housing Properties Trust		655,883
	7,800		Simon Property Group, Inc		1,251,822
	14,333		SL Green Realty Corp		1,128,724
	10,024	*,e	St. Joe Co		169,706

77

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	6,448		Taubman Centers, Inc	$	499,849
	39,486		UDR, Inc		1,050,723
	46,641		Ventas, Inc		3,136,607
	29,946		Vornado Realty Trust		2,500,491
	19,375		Weingarten Realty Investors		520,800
	59,259		Weyerhaeuser Co		1,383,698
			TOTAL REAL ESTATE		51,455,732
RETAILING - 2.0%
	3,419		Aaron’s, Inc		100,279
	14,114		Abercrombie & Fitch Co (Class A)		477,053
	7,007		American Eagle Outfitters, Inc		145,886
	2,665	*,e	Autonation, Inc		105,081
	42,985		Best Buy Co, Inc		777,599
	29,846	*	Carmax, Inc		830,614
	8,561		Chico’s FAS, Inc		131,154
	5,031		Dillard’s, Inc (Class A)		328,172
	338		DSW, Inc (Class A)		19,983
	5,235		Expedia, Inc		298,343
	19,241		Foot Locker, Inc		635,338
	21,043	e	GameStop Corp (Class A)		337,109
	11,046		Guess?, Inc		332,485
	600	*,e	HomeAway, Inc		13,776
	26,490	e	JC Penney Co, Inc		596,290
	36,588		Kohl’s Corp		1,819,155
	77,645	*	Liberty Media Holding Corp (Interactive A)		1,454,291
	169,191		Lowe’s Companies, Inc		4,292,376
	57,885		Macy’s, Inc		2,074,598
	1,552	*	Sally Beauty Holdings, Inc		41,004
	6,060	*,e	Sears Holdings Corp		299,910
	13,596		Signet Jewelers Ltd		597,136
	112,591		Staples, Inc		1,434,409
	101,022		Target Corp		6,126,984
	3,260		Tiffany & Co		179,072
	6,702		Williams-Sonoma, Inc		232,894
			TOTAL RETAILING		23,680,991
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.8%
	43,596		Analog Devices, Inc		1,703,732
	207,709		Applied Materials, Inc		2,261,951
	68,132	*	Atmel Corp		399,254
	2,521		Avago Technologies Ltd		93,277
	33,486		Broadcom Corp (Class A)		1,134,506
	19,378	*,e	Cree, Inc		464,103
	9,966		Cypress Semiconductor Corp		106,537
	21,936	*	Fairchild Semiconductor International, Inc		304,033
	1,949	*	Freescale Semiconductor Holdings Ltd		20,796
	209,595		Intel Corp		5,386,591
	27,162		Kla-Tencor Corp		1,382,817
	22,015	*	Lam Research Corp		757,536
	75,119		Marvell Technology Group Ltd		845,840
	23,344		Maxim Integrated Products, Inc		635,657

78

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	161,599	*	Micron Technology, Inc	$	1,003,530
	101,222	*	Nvidia Corp		1,370,546
	76,947	*	ON Semiconductor Corp		534,012
	37,459	*	PMC - Sierra, Inc		199,282
	797	*	Silicon Laboratories, Inc		29,449
	3,498	*	Skyworks Solutions, Inc		101,197
	26,219	*	Teradyne, Inc		385,681
	59,993		Texas Instruments, Inc		1,634,209
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		20,754,536
SOFTWARE & SERVICES - 1.3%
	67,720		Activision Blizzard, Inc		814,672
	33,854	*	Adobe Systems, Inc		1,045,411
	2,026	*	Akamai Technologies, Inc		71,275
	27,643	*	Amdocs Ltd		822,379
	11,448	*,e	AOL, Inc		364,733
	4,243	e	Booz Allen Hamilton Holding Co		73,955
	54,206		CA, Inc		1,304,738
	24,741		Computer Sciences Corp		609,123
	32,923	*	Compuware Corp		303,221
	4,412		DST Systems, Inc		237,807
	50,839	*	Electronic Arts, Inc		560,246
	40,649		Fidelity National Information Services, Inc		1,278,005
	17,074	*	First American Corp		392,702
	3,772	*	Fiserv, Inc		264,530
	3,385	*	Genpact Ltd		58,967
	10,267		IAC/InterActiveCorp		540,147
	3,775		Paychex, Inc		123,405
	14,048	*	Rovi Corp		187,962
	29,282		SAIC, Inc		338,793
	110,641	*	Symantec Corp		1,742,596
	22,258	*	Synopsys, Inc		674,195
	4,037		Total System Services, Inc		95,475
	2,018		VeriSign, Inc		89,640
	196,611	*	Yahoo!, Inc		3,114,318
			TOTAL SOFTWARE & SERVICES		15,108,295
TECHNOLOGY HARDWARE & EQUIPMENT - 3.3%
	17,835	*	Arrow Electronics, Inc		601,931
	23,175	*	Avnet, Inc		730,012
	8,277		AVX Corp		80,618
	73,299	*	Brocade Communications Systems, Inc		364,296
	866,662		Cisco Systems, Inc		13,823,259
	244,857		Corning, Inc		2,793,818
	237,877	*	Dell, Inc		2,825,979
	9,785		Diebold, Inc		316,545
	3,624	*	Dolby Laboratories, Inc (Class A)		127,746
	4,564	*	EchoStar Corp (Class A)		131,443
	4,691		Flir Systems, Inc		95,931
	12,793		Harris Corp		532,829
	320,784		Hewlett-Packard Co		5,851,100
	24,313	*	Ingram Micro, Inc (Class A)		364,452

79

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	6,378	*	Itron, Inc	$	248,551
	24,150		Jabil Circuit, Inc		524,055
	36,969	*	JDS Uniphase Corp		363,775
	86,329	*	Juniper Networks, Inc		1,513,347
	11,360		Lexmark International, Inc (Class A)		198,686
	22,039	e	Molex, Inc		553,620
	19,094	*	NetApp, Inc		623,801
	30,606	*	Polycom, Inc		267,496
	39,544	*	SanDisk Corp		1,626,445
	6,739	*	Tech Data Corp		337,624
	25,431	*	Vishay Intertechnology, Inc		251,004
	23,012	*	Western Digital Corp		915,187
	218,276		Xerox Corp		1,512,653
	6,916	*	Zebra Technologies Corp (Class A)		238,878
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		37,815,081
TELECOMMUNICATION SERVICES - 3.9%
	951,130		AT&T, Inc		36,066,850
	100,262		CenturyTel, Inc		4,164,883
	63,671	*,e	Clearwire Corp (Class A)		72,585
	159,678	e	Frontier Communications Corp		625,938
	12,549	*	Level 3 Communications, Inc		241,819
	48,474	*	MetroPCS Communications, Inc		424,632
	31,817	*	NII Holdings, Inc (Class B)		214,765
	485,395	*	Sprint Nextel Corp		2,116,322
	15,144		Telephone & Data Systems, Inc		366,939
	2,340	*	US Cellular Corp		96,221
	38,173	e	Windstream Corp		380,203
			TOTAL TELECOMMUNICATION SERVICES		44,771,157
TRANSPORTATION - 1.1%
	4,469		Con-Way, Inc		159,186
	1,081		Copa Holdings S.A. (Class A)		83,810
	54,480		CSX Corp		1,249,771
	52,207	*	Delta Air Lines, Inc		503,798
	3,258		Expeditors International Washington, Inc		115,887
	47,618		FedEx Corp		4,299,905
	17,230	*	Hertz Global Holdings, Inc		194,010
	3,865		Kansas City Southern Industries, Inc		281,372
	2,343	*	Kirby Corp		123,640
	6,968		Matson, Inc		171,134
	52,962		Norfolk Southern Corp		3,921,836
	8,175		Ryder System, Inc		322,422
	101,008		Southwest Airlines Co		928,263
	16,534		UTI Worldwide, Inc		219,076
			TOTAL TRANSPORTATION		12,574,110
UTILITIES - 7.3%
	102,603	*	AES Corp		1,237,392
	18,687		AGL Resources, Inc		756,823
	18,102		Alliant Energy Corp		845,544
	39,405		Ameren Corp		1,348,045

80

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	RATE	MATURITY DATE	VALUE
	78,856		American Electric Power Co, Inc			$	3,330,878
	28,678		American Water Works Co, Inc				1,039,578
	20,455		Aqua America, Inc				524,466
	14,388		Atmos Energy Corp				515,810
	64,717	*	Calpine Corp				1,106,014
	69,280		Centerpoint Energy, Inc				1,459,037
	42,632		CMS Energy Corp				1,051,305
	47,709		Consolidated Edison, Inc				3,077,230
	92,699		Dominion Resources, Inc				5,034,483
	27,480		DTE Energy Co				1,686,448
	113,951		Duke Energy Corp				7,723,599
	52,519		Edison International				2,425,327
	29,021		Entergy Corp				2,108,956
	137,518		Exelon Corp				5,379,704
	67,409		FirstEnergy Corp				3,385,280
	21,711		Great Plains Energy, Inc				481,550
	15,372		Hawaiian Electric Industries, Inc				437,948
	12,808		Integrys Energy Group, Inc				775,396
	30,185		MDU Resources Group, Inc				675,842
	11,562		National Fuel Gas Co				565,844
	67,654		NextEra Energy, Inc				4,796,669
	46,208		NiSource, Inc				1,182,463
	50,664		Northeast Utilities				2,020,480
	36,406		NRG Energy, Inc				721,567
	37,711		NV Energy, Inc				689,734
	16,122		OGE Energy Corp				856,239
	37,500		Pepco Holdings, Inc				748,500
	68,098		PG&E Corp				3,143,404
	17,830		Pinnacle West Capital Corp				954,618
	93,600		PPL Corp				2,705,040
	81,616		Public Service Enterprise Group, Inc				2,712,916
	22,995		Questar Corp				467,948
	19,158		SCANA Corp				941,999
	39,285		Sempra Energy				2,766,057
	140,804		Southern Co				6,779,713
	34,500		TECO Energy, Inc				627,555
	17,887		UGI Corp				548,237
	13,780		Vectren Corp				411,333
	20,744		Westar Energy, Inc				633,937
	38,006		Wisconsin Energy Corp				1,548,364
	78,511		Xcel Energy, Inc				2,300,372
			TOTAL UTILITIES				84,529,644
			TOTAL COMMON STOCKS				1,153,037,194
			(Cost $1,162,331,263)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 2.0%
TREASURY DEBT - 0.5%
	$5,300,000	United States Treasury Bill	0.055-0.056	%	08/02/12	5,299,992
						5,299,992

81

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.5%
	17,370,249	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	$	17,370,249
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		17,370,249
			TOTAL SHORT-TERM INVESTMENTS		22,670,241
			(Cost $22,670,241)
			TOTAL INVESTMENTS - 101.5%		1,175,707,435
			(Cost $1,185,001,504)
			OTHER ASSETS & LIABILITIES, NET - (1.5)%		(17,095,027	)
			NET ASSETS - 100.0%	$	1,158,612,408
			Abbreviation(s):
			REIT     Real Estate Investment Trust
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $16,926,383.

82

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.8%
	5,893	e	Allison Transmission Holdings, Inc	$	110,847
	18,876	*	American Axle & Manufacturing Holdings, Inc		203,672
	7,234	*	Amerigon, Inc (Class A)		81,383
	28,595	*	BorgWarner, Inc		1,918,725
	14,647		Cooper Tire & Rubber Co		255,883
	38,595		Dana Holding Corp		508,682
	80,559	*	Delphi Automotive plc		2,287,070
	5,946	*	Dorman Products, Inc		170,769
	4,478		Drew Industries, Inc		120,279
	32,025	*	Exide Technologies		93,833
	4,074	*	Federal Mogul Corp (Class A)		40,536
	919,689		Ford Motor Co		8,497,926
	3,900	*	Fuel Systems Solutions, Inc		69,108
	190,867	*	General Motors Co		3,761,989
	35,882		Gentex Corp		574,471
	60,006	*	Goodyear Tire & Rubber Co		687,069
	56,820		Harley-Davidson, Inc		2,456,329
	169,293		Johnson Controls, Inc		4,173,072
	25,014		Lear Corp		889,248
	16,107	*	Modine Manufacturing Co		108,078
	1,336		Shiloh Industries, Inc		14,041
	7,813		Spartan Motors, Inc		39,846
	4,612		Standard Motor Products, Inc		64,845
	6,216	*	Stoneridge, Inc		39,907
	5,493		Superior Industries International, Inc		93,875
	14,727	*	Tenneco, Inc		431,354
	15,886	*,e	Tesla Motors, Inc		435,594
	10,407		Thor Industries, Inc		298,993
	2,020	*	Tower International, Inc		17,352
	24,721	*	TRW Automotive Holdings Corp		971,535
	13,016	*	Visteon Corp		422,109
	15,897	*	WABCO Holdings, Inc		873,063
	6,853	*,e	Winnebago Industries, Inc		69,421
			TOTAL AUTOMOBILES & COMPONENTS		30,780,904
BANKS - 3.4%
	3,565		1st Source Corp		79,214
	6,380	*	1st United Bancorp, Inc		37,833
	1,775		Access National Corp		24,531
	1,111		Alliance Financial Corp		39,029
	1,891	e	American National Bankshares, Inc		42,774
	5,570	*	Ameris Bancorp		66,506
	1,666		Ames National Corp		36,052
	5,760		Apollo Residential Mortgage		115,373

83

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,369		Arrow Financial Corp	$	57,614
	42,726		Associated Banc-Corp		533,648
	20,490		Astoria Financial Corp		193,016
	1,553		Bancfirst Corp		63,083
	6,527		Banco Latinoamericano de Exportaciones S.A. (Class E)		132,629
	23,969		Bancorpsouth, Inc		347,311
	10,777		Bank Mutual Corp		45,910
	12,376		Bank of Hawaii Corp		578,083
	1,489		Bank of Kentucky Financial Corp		36,585
	1,245		Bank of Marin Bancorp		46,588
	8,276		Bank of the Ozarks, Inc		266,404
	4,937		BankFinancial Corp		38,805
	10,023		BankUnited		244,160
	4,908		Banner Corp		111,559
	979		Bar Harbor Bankshares		34,099
	173,841		BB&T Corp		5,453,391
	20,735	*	BBCN Bancorp, Inc		235,135
	7,791	*	Beneficial Mutual Bancorp, Inc		66,691
	4,857		Berkshire Hills Bancorp, Inc		109,088
	2,074	*	BofI Holding, Inc		41,833
	6,918		BOK Financial Corp		390,798
	18,064		Boston Private Financial Holdings, Inc		169,982
	2,160	e	Bridge Bancorp, Inc		43,308
	2,319	*,e	Bridge Capital Holdings		36,014
	15,783		Brookline Bancorp, Inc		132,735
	2,542		Bryn Mawr Bank Corp		52,569
	1,991	*	BSB Bancorp, Inc		24,788
	804		C&F Financial Corp		32,908
	1,796		Camden National Corp		64,782
	1,780	*,e	Cape Bancorp, Inc		16,518
	2,671	e	Capital City Bank Group, Inc		19,578
	58,340		CapitalSource, Inc		382,127
	43,718		Capitol Federal Financial		512,375
	6,777		Cardinal Financial Corp		86,746
	19,358		Cathay General Bancorp		313,406
	1,971		Center Bancorp, Inc		21,780
	7,403		Centerstate Banks of Florida, Inc		57,373
	5,380	*	Central Pacific Financial Corp		72,092
	488		Century Bancorp, Inc		14,679
	1,161		Charter Financial Corp		10,298
	6,432		Chemical Financial Corp		144,270
	49,260	*	CIT Group, Inc		1,798,975
	2,854		Citizens & Northern Corp		52,770
	9,725	*	Citizens Republic Bancorp, Inc		175,050
	3,923	e	City Holding Co		129,655
	11,836		City National Corp		583,278
	988		Clifton Savings Bancorp, Inc		9,633
	2,750		CNB Financial Corp		45,293
	7,617		CoBiz, Inc		51,034
	9,261		Columbia Banking System, Inc		167,161
	49,024		Comerica, Inc		1,481,015
	19,342		Commerce Bancshares, Inc		761,688

84

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,466		Community Bank System, Inc	$	287,920
	3,608		Community Trust Bancorp, Inc		122,456
	13,518		Cullen/Frost Bankers, Inc		747,681
	20,958	e	CVB Financial Corp		247,304
	7,291		Dime Community Bancshares		105,720
	46,375	*	Doral Financial Corp		63,070
	3,922	*	Eagle Bancorp, Inc		69,616
	35,936		East West Bancorp, Inc		783,405
	920	e	Enterprise Bancorp, Inc		15,281
	3,723		Enterprise Financial Services Corp		46,724
	2,920	e	ESB Financial Corp		41,143
	3,464		ESSA Bancorp, Inc		36,614
	5,319	*	EverBank Financial Corp		63,722
	4,509	e	Farmers National Banc Corp		26,513
	2,312		Federal Agricultural Mortgage Corp (Class C)		58,124
	2,196	e	Fidelity Southern Corp		19,938
	228,891		Fifth Third Bancorp		3,163,273
	3,311		Financial Institutions, Inc		56,949
	3,533		First Bancorp (NC)		30,101
	17,525	*	First Bancorp (Puerto Rico)		66,245
	2,055	e	First Bancorp, Inc		34,524
	18,065		First Busey Corp		84,183
	5,288	*	First California Financial Group, Inc		35,482
	1,571		First Citizens Bancshares, Inc (Class A)		258,100
	24,648		First Commonwealth Financial Corp		172,782
	3,721		First Community Bancshares, Inc		53,917
	4,190	e	First Connecticut Bancorp		55,769
	2,279		First Defiance Financial Corp		37,034
	13,662		First Financial Bancorp		218,046
	8,777	e	First Financial Bankshares, Inc		302,763
	2,608		First Financial Corp		77,327
	3,872		First Financial Holdings, Inc		45,690
	4,114	*	First Financial Northwest, Inc		33,735
	62,207		First Horizon National Corp		511,964
	3,687		First Interstate Bancsystem, Inc		53,130
	6,011		First Merchants Corp		85,537
	17,497		First Midwest Bancorp, Inc		197,716
	84,716		First Niagara Financial Group, Inc		642,147
	1,920		First of Long Island Corp		55,085
	2,371	e	First Pactrust Bancorp, Inc		26,674
	25,061		First Republic Bank		815,234
	27,002		FirstMerit Corp		437,432
	7,351		Flushing Financial Corp		103,723
	33,887		FNB Corp		368,691
	2,335	*,e	FNB United Corp		27,740
	3,409		Fox Chase Bancorp, Inc		50,794
	3,247	*	Franklin Financial Corp		52,407
	49,118		Fulton Financial Corp		451,394
	2,948		German American Bancorp, Inc		59,992
	16,882		Glacier Bancorp, Inc		256,100
	2,372		Great Southern Bancorp, Inc		72,702
	17,952	*,e	Guaranty Bancorp		34,468

85

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	353	*,e	Hampton Roads Bankshares, Inc	$	738
	18,673		Hancock Holding Co		569,153
	7,705	*	Hanmi Financial Corp		84,370
	3,113		Heartland Financial USA, Inc		81,343
	4,878	*	Heritage Commerce Corp		29,902
	3,660		Heritage Financial Corp		50,691
	1,993	e	Heritage Financial Group		26,686
	4,633	*,e	Heritage Oaks Bancorp		25,018
	302	e	Hingham Institution for Savings		18,334
	1,733	*,e	Home Bancorp, Inc		29,149
	7,336		Home Bancshares, Inc		221,180
	3,873		Home Federal Bancorp, Inc		38,420
	3,200	e	Home Loan Servicing Solutions Ltd		46,016
	1,123	*	HomeStreet, Inc		41,169
	877		Horizon Bancorp		23,661
	131,290		Hudson City Bancorp, Inc		833,692
	3,654		Hudson Valley Holding Corp		61,606
	215,164		Huntington Bancshares, Inc		1,337,244
	7,729		IBERIABANK Corp		361,949
	5,016	e	Independent Bank Corp		149,025
	12,994		International Bancshares Corp		238,180
	10,853	*	Investors Bancorp, Inc		176,578
	2,959		Kearny Financial Corp		28,761
	237,757		Keycorp		1,897,301
	2,339		K-Fed Bancorp		34,009
	6,631		Lakeland Bancorp, Inc		62,464
	5,683		Lakeland Financial Corp		146,280
	31,462		M&T Bank Corp		2,700,698
	4,715		MainSource Financial Group, Inc		55,071
	13,444		MB Financial, Inc		271,434
	2,070	*,e	Mercantile Bank Corp		34,279
	1,121		Merchants Bancshares, Inc		29,639
	1,281	*	Meridian Interstate Bancorp, Inc		19,689
	3,833	*,e	MetroCorp Bancshares, Inc		39,633
	46,240	*,e	MGIC Investment Corp		111,438
	1,308		Middleburg Financial Corp		21,150
	1,792	e	Midsouth Bancorp, Inc		25,536
	1,690		MidWestOne Financial Group, Inc		35,963
	941	*,e	NASB Financial, Inc		17,870
	1,625	e	National Bankshares, Inc		49,433
	34,414		National Penn Bancshares, Inc		304,220
	4,530	*	Nationstar Mortgage Holdings, Inc		99,751
	10,299		NBT Bancorp, Inc		216,382
	106,869	e	New York Community Bancorp, Inc		1,387,159
	3,989		Northfield Bancorp, Inc		59,715
	1,528		Northrim BanCorp, Inc		30,804
	24,891		Northwest Bancshares, Inc		289,980
	3,428		OceanFirst Financial Corp		46,655
	25,900	*	Ocwen Financial Corp		511,784
	22,275		Old National Bancorp		272,646
	2,770	*,e	OmniAmerican Bancorp, Inc		58,142
	10,624		Oriental Financial Group, Inc		110,277

86

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	11,995		Oritani Financial Corp	$	169,010
	1,047	*	Pacific Capital Bancorp		47,764
	4,317		Pacific Continental Corp		39,846
	2,524	*	Pacific Mercantile Bancorp		16,860
	7,099		PacWest Bancorp		162,638
	3,394	e	Park National Corp		229,910
	7,499	*	Park Sterling Bank		34,420
	2,120	e	Peapack Gladstone Financial Corp		32,436
	892	e	Penns Woods Bancorp, Inc		34,743
	3,243	*	Pennsylvania Commerce Bancorp, Inc		40,538
	2,471		Peoples Bancorp, Inc		54,016
	1,576	*,e	Peoples Federal Bancshares, Inc		26,414
	89,267		People’s United Financial, Inc		1,022,999
	8,010	*	Pinnacle Financial Partners, Inc		156,596
	129,917		PNC Financial Services Group, Inc		7,678,094
	25,286	*	Popular, Inc		381,060
	2,848	*	Preferred Bank		30,701
	14,102		PrivateBancorp, Inc		216,043
	12,008		Prosperity Bancshares, Inc		487,165
	2,252		Provident Financial Holdings, Inc		27,564
	14,194		Provident Financial Services, Inc		216,175
	8,912		Provident New York Bancorp		73,613
	41,805	e	Radian Group, Inc		117,054
	344,217		Regions Financial Corp		2,395,750
	5,865		Renasant Corp		103,811
	2,321	e	Republic Bancorp, Inc (Class A)		54,799
	6,915		Rockville Financial, Inc		80,560
	2,561		Roma Financial Corp		23,279
	6,570	e	S&T Bancorp, Inc		108,405
	2,818	e	S.Y. Bancorp, Inc		65,857
	5,645		Sandy Spring Bancorp, Inc		100,537
	3,680		SCBT Financial Corp		136,307
	16,989	*	Seacoast Banking Corp of Florida		23,785
	2,542		SI Financial Group, Inc		29,741
	3,119	e	Sierra Bancorp		33,311
	11,874	*	Signature Bank		765,873
	4,057	e	Simmons First National Corp (Class A)		94,690
	4,044	e	Southside Bancshares, Inc		84,358
	3,920	*	Southwest Bancorp, Inc		36,064
	7,405	*	State Bank & Trust Co		117,814
	5,377		StellarOne Corp		71,998
	7,252		Sterling Bancorp		69,547
	6,285	*	Sterling Financial Corp		126,077
	2,269	*	Suffolk Bancorp		29,497
	8,811	*	Sun Bancorp, Inc		25,904
	131,269		SunTrust Banks, Inc		3,104,512
	44,969		Susquehanna Bancshares, Inc		479,370
	10,685	*	SVB Financial Group		617,700
	192,864	e	Synovus Financial Corp		366,442
	4,065	*,e	Taylor Capital Group, Inc		70,934
	39,707		TCF Financial Corp		410,173
	2,926		Territorial Bancorp, Inc		68,761

87

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,482	*	Texas Capital Bancshares, Inc	$	408,579
	18,725	*	TFS Financial Corp		176,202
	6,853	*	The Bancorp, Inc		64,076
	2,461	e	Tompkins Trustco, Inc		96,619
	5,876	e	TowneBank		84,027
	1,514	*	Tree.com, Inc		19,561
	3,287		Trico Bancshares		50,127
	21,797		Trustco Bank Corp NY		120,101
	17,166		Trustmark Corp		415,074
	8,547		UMB Financial Corp		410,769
	26,916		Umpqua Holdings Corp		335,912
	4,373		Union Bankshares Corp		66,776
	13,649	e	United Bankshares, Inc		318,022
	9,743	*,e	United Community Banks, Inc		66,350
	3,593		United Financial Bancorp, Inc		51,200
	3,928		Univest Corp of Pennsylvania		62,494
	471,187		US Bancorp		15,784,764
	48,332	e	Valley National Bancorp		449,488
	8,161		ViewPoint Financial Group		143,674
	5,488	*	Virginia Commerce Bancorp		44,288
	2,520	*	Walker & Dunlop, Inc		31,853
	3,589		Washington Banking Co		50,174
	28,800		Washington Federal, Inc		458,784
	3,332		Washington Trust Bancorp, Inc		82,700
	17,955		Webster Financial Corp		368,437
	1,218,332		Wells Fargo & Co		41,191,804
	5,415		WesBanco, Inc		112,145
	3,645		West Bancorporation, Inc		36,960
	4,520	*	West Coast Bancorp		89,903
	7,837	e	Westamerica Bancorporation		360,502
	16,291	*	Western Alliance Bancorp		150,203
	6,575		Westfield Financial, Inc		49,050
	14,423	*	Wilshire Bancorp, Inc		91,442
	8,915	e	Wintrust Financial Corp		327,270
	1,892		WSFS Financial Corp		78,386
	45,843		Zions Bancorporation		834,343
			TOTAL BANKS		126,581,544
CAPITAL GOODS - 8.0%
	170,594		3M Co		15,563,291
	9,703		A.O. Smith Corp		479,522
	46,747	*,e	A123 Systems, Inc		20,569
	4,398	e	Aaon, Inc		80,351
	9,346		AAR Corp		132,807
	20,123	*	Accuride Corp		104,438
	6,233		Aceto Corp		54,726
	17,017		Actuant Corp (Class A)		484,304
	10,184		Acuity Brands, Inc		590,061
	28,042	*	Aecom Technology Corp		454,561
	9,267	*	Aegion Corp		161,246
	3,965	*	Aerovironment, Inc		92,622
	24,284	*	AGCO Corp		1,064,611

88

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	15,859	*,e	Air Lease Corp	$	312,105
	13,659		Aircastle Ltd		161,586
	1,559		Alamo Group, Inc		44,634
	6,492		Albany International Corp (Class A)		116,207
	8,516		Alliant Techsystems, Inc		394,461
	6,299		Altra Holdings, Inc		104,059
	4,150	*	Ameresco, Inc		50,464
	2,280	*	American Railcar Industries, Inc		69,380
	2,127		American Science & Engineering, Inc		121,324
	19,479	*	American Superconductor Corp		72,267
	2,190	*	American Woodmark Corp		36,507
	60,816		Ametek, Inc		1,885,296
	1,999		Ampco-Pittsburgh Corp		31,404
	7,789	*,e	API Technologies Corp		26,794
	6,576		Apogee Enterprises, Inc		106,465
	10,328		Applied Industrial Technologies, Inc		383,788
	1,844		Argan, Inc		29,154
	4,953		Armstrong World Industries, Inc		191,433
	24,820	*	ArvinMeritor, Inc		116,158
	4,668	*	Astec Industries, Inc		136,306
	2,410	*	Astronics Corp		72,493
	5,876		AZZ, Inc		180,452
	30,088	*	Babcock & Wilcox Co		755,209
	12,789		Barnes Group, Inc		305,146
	24,103	*	BE Aerospace, Inc		945,561
	11,505	*	Beacon Roofing Supply, Inc		304,998
	11,122		Belden CDT, Inc		357,350
	11,417	*	Blount International, Inc		162,350
	5,597	*	Bluelinx Holdings, Inc		12,034
	186,317		Boeing Co		13,770,688
	12,099		Brady Corp (Class A)		320,986
	11,871	e	Briggs & Stratton Corp		207,030
	10,284	*,e	Builders FirstSource, Inc		37,022
	2,842	*	CAI International, Inc		58,773
	73,603	*,e	Capstone Turbine Corp		76,547
	14,370		Carlisle Cos, Inc		725,541
	2,150		Cascade Corp		101,287
	162,619		Caterpillar, Inc		13,694,146
	5,843		Ceradyne, Inc		128,546
	7,343	*	Chart Industries, Inc		476,267
	23,853		Chicago Bridge & Iron Co NV		852,506
	4,044		CIRCOR International, Inc		124,515
	12,843		Clarcor, Inc		620,959
	6,243	*	CNH Global NV		237,983
	1,958		Coleman Cable, Inc		16,976
	12,508	*	Colfax Corp		361,982
	4,513	*	Columbus McKinnon Corp		66,386
	8,888		Comfort Systems USA, Inc		87,014
	6,882	*	Commercial Vehicle Group, Inc		53,060
	39,061		Cooper Industries plc		2,807,706
	1,531	*,e	CPI Aerostructures, Inc		17,377
	12,176		Crane Co		474,864

89

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,711		Cubic Corp	$	179,501
	47,952		Cummins, Inc		4,598,597
	11,666		Curtiss-Wright Corp		349,630
	142,699		Danaher Corp		7,535,934
	97,737		Deere & Co		7,508,156
	8,274	*	DigitalGlobe, Inc		161,095
	36,607		Donaldson Co, Inc		1,249,397
	5,342	e	Douglas Dynamics, Inc		71,423
	45,109		Dover Corp		2,457,087
	2,725	*	DXP Enterprises, Inc		120,445
	8,293	*	Dycom Industries, Inc		144,464
	3,119		Dynamic Materials Corp		52,118
	1,477		Eastern Co		26,364
	84,266	e	Eaton Corp		3,694,221
	3,829	*	Edgen Group, Inc		28,718
	17,718		EMCOR Group, Inc		466,515
	180,129		Emerson Electric Co		8,604,763
	6,280		Encore Wire Corp		172,072
	9,284	*,e	Energy Recovery, Inc		20,889
	11,823	*	EnerSys		403,755
	3,985	*	Engility Holdings, Inc		58,181
	2,103	*,e	Enphase Energy, Inc		12,218
	4,857	*	EnPro Industries, Inc		167,421
	6,242		ESCO Technologies, Inc		224,774
	7,508	*	Esterline Technologies Corp		440,870
	45,771		Exelis, Inc		430,247
	73,604		Fastenal Co		3,173,803
	14,588	*	Federal Signal Corp		82,714
	9,555	*	Flow International Corp		30,576
	13,521		Flowserve Corp		1,622,250
	42,159		Fluor Corp		2,090,242
	39,744	*	Fortune Brands Home & Security, Inc		879,138
	5,745		Franklin Electric Co, Inc		324,075
	2,798		Freightcar America, Inc		56,911
	61,040	*,e	FuelCell Energy, Inc		63,482
	8,667	*	Furmanite Corp		38,828
	12,281		Gardner Denver, Inc		699,771
	11,651		GATX Corp		490,158
	13,786	*	GenCorp, Inc		116,492
	5,849		Generac Holdings, Inc		133,474
	12,325	*	General Cable Corp		322,052
	79,018		General Dynamics Corp		5,012,902
	2,633,630		General Electric Co		54,647,822
	5,202	*	GeoEye, Inc		132,287
	7,124	*	Gibraltar Industries, Inc		67,820
	3,692	e	Global Power Equipment Group, Inc		75,871
	3,568		Gorman-Rupp Co		99,048
	14,853		Graco, Inc		681,456
	30,150	*	GrafTech International Ltd		315,068
	2,305		Graham Corp		39,300
	9,084		Granite Construction, Inc		235,276
	13,800		Great Lakes Dredge & Dock Corp		98,394

90

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,885	*	Greenbrier Cos, Inc	$	128,526
	11,191		Griffon Corp		98,369
	6,695	*	H&E Equipment Services, Inc		94,533
	2,697		Hardinge, Inc		24,597
	19,751		Harsco Corp		419,709
	13,727		Heico Corp		489,917
	24,445	*	Hexcel Corp		569,324
	193,752		Honeywell International, Inc		11,247,304
	4,160		Houston Wire & Cable Co		47,632
	14,546		Hubbell, Inc (Class B)		1,196,845
	12,151	*	Huntington Ingalls		473,767
	1,508	*	Hurco Cos, Inc		30,763
	20,471		IDEX Corp		780,969
	13,017	*	II-VI, Inc		227,016
	104,521		Illinois Tool Works, Inc		5,679,671
	74,472		Ingersoll-Rand plc		3,158,358
	4,124		Insteel Industries, Inc		41,075
	7,826	*	Interline Brands, Inc		198,624
	22,326		ITT Corp		418,389
	32,122	*	Jacobs Engineering Group, Inc		1,238,945
	6,721		John Bean Technologies Corp		98,463
	26,485		Joy Global, Inc		1,375,631
	2,886	*	Kadant, Inc		59,769
	6,158		Kaman Corp		200,628
	7,664		Kaydon Corp		161,710
	36,464		KBR, Inc		956,815
	19,633		Kennametal, Inc		724,458
	4,315	*,e	KEYW Holding Corp		47,508
	7,770	*,e	Kratos Defense & Security Solutions, Inc		43,901
	24,241		L-3 Communications Holdings, Inc		1,718,444
	4,606	*	Layne Christensen Co		97,187
	2,227		LB Foster Co (Class A)		65,897
	12,555		Lennox International, Inc		548,277
	20,978		Lincoln Electric Holdings, Inc		836,603
	2,960	e	Lindsay Manufacturing Co		209,864
	2,139	*	LMI Aerospace, Inc		38,566
	64,855		Lockheed Martin Corp		5,789,606
	4,562		LSI Industries, Inc		29,425
	4,022	*	Lydall, Inc		51,321
	35,289	e	Manitowoc Co, Inc		423,468
	89,419		Masco Corp		1,075,712
	14,410	*	Mastec, Inc		229,984
	3,435		Met-Pro Corp		31,087
	1,952	*	Michael Baker Corp		49,229
	4,929	*	Middleby Corp		482,648
	2,777		Miller Industries, Inc		45,598
	11,155	*	Moog, Inc (Class A)		405,930
	5,663	*,e	MRC Global, Inc		130,872
	11,358		MSC Industrial Direct Co (Class A)		780,635
	7,387		Mueller Industries, Inc		314,908
	40,545		Mueller Water Products, Inc (Class A)		143,529
	4,712	*	MYR Group, Inc		76,900

91

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,369		Nacco Industries, Inc (Class A)	$	137,105
	1,153	e	National Presto Industries, Inc		76,721
	16,281	*	Navistar International Corp		400,513
	4,640	*	NCI Building Systems, Inc		49,926
	5,874	*	NN, Inc		52,866
	15,974		Nordson Corp		818,827
	1,840	*	Nortek, Inc		93,877
	62,570		Northrop Grumman Corp		4,142,134
	2,182	*	Northwest Pipe Co		53,132
	13,725	*	Orbital Sciences Corp		179,798
	6,344	*	Orion Marine Group, Inc		45,867
	21,945	*	Oshkosh Truck Corp		494,201
	29,910	*	Owens Corning, Inc		803,383
	88,607		Paccar, Inc		3,545,166
	28,825		Pall Corp		1,539,543
	37,658		Parker Hannifin Corp		3,024,691
	1,080	*	Patrick Industries, Inc		12,571
	24,528	e	Pentair, Inc		1,075,062
	8,857		Perini Corp		100,616
	4,990	*,e	Pgt, Inc		14,671
	3,814	*	Pike Electric Corp		32,686
	7,930	*,e	PMFG, Inc		63,440
	11,436	*,e	Polypore International, Inc		424,962
	2,064	*	Powell Industries, Inc		70,733
	36,120		Precision Castparts Corp		5,618,827
	562		Preformed Line Products Co		30,421
	7,136		Primoris Services Corp		88,130
	1,100	*,e	Proto Labs, Inc		41,613
	8,916		Quanex Building Products Corp		150,680
	51,307	*	Quanta Services, Inc		1,179,547
	8,900		Raven Industries, Inc		291,297
	82,931		Raytheon Co		4,601,012
	6,288	*	RBC Bearings, Inc		294,530
	9,651		Regal-Beloit Corp		621,235
	6,999	*,e	Rexnord Corp		135,781
	9,274		Robbins & Myers, Inc		425,120
	35,559		Rockwell Automation, Inc		2,395,254
	37,156		Rockwell Collins, Inc		1,878,979
	24,229		Roper Industries, Inc		2,409,574
	7,591	*	Rush Enterprises, Inc (Class A)		122,595
	2,728		Sauer-Danfoss, Inc		98,726
	76	*	Seaboard Corp		167,200
	2,590		SeaCube Container Leasing Ltd		45,480
	17,017	*	Shaw Group, Inc		662,812
	662		SIFCO Industries, Inc		12,744
	11,258		Simpson Manufacturing Co, Inc		272,894
	14,253		Snap-On, Inc		966,068
	29,510	*	Spirit Aerosystems Holdings, Inc (Class A)		693,485
	12,593		SPX Corp		764,647
	2,927		Standex International Corp		125,217
	41,123		Stanley Works		2,750,717
	3,857	*	Sterling Construction Co, Inc		38,300

92

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,692		Sun Hydraulics Corp	$	105,945
	2,809		Sypris Solutions, Inc		17,444
	6,904		TAL International Group, Inc		235,772
	14,221	*	Taser International, Inc		76,936
	9,560	*	Teledyne Technologies, Inc		595,588
	4,492		Tennant Co		187,182
	29,008	*	Terex Corp		565,656
	2,678	e	Textainer Group Holdings Ltd		100,746
	69,832		Textron, Inc		1,819,124
	3,680	*,e	Thermon Group Holdings		79,046
	21,680		Timken Co		784,816
	11,447	e	Titan International, Inc		236,609
	5,129	*,e	Titan Machinery, Inc		145,869
	14,738		Toro Co		554,149
	12,545	*	TransDigm Group, Inc		1,547,551
	3,662	*,e	Trex Co, Inc		93,308
	9,086	*	Trimas Corp		197,530
	18,797		Trinity Industries, Inc		526,316
	12,246		Triumph Group, Inc		765,742
	1,984	e	Twin Disc, Inc		38,847
	116,078		Tyco International Ltd		6,377,325
	22,623	*	United Rentals, Inc		654,031
	223,869		United Technologies Corp		16,664,807
	4,571		Universal Forest Products, Inc		145,952
	18,542		URS Corp		650,268
	19,957	*,e	USG Corp		324,102
	5,574		Valmont Industries, Inc		690,507
	4,588		Vicor Corp		30,785
	14,559		W.W. Grainger, Inc		2,982,119
	19,617	*	Wabash National Corp		133,003
	7,336		Watsco, Inc		498,408
	7,074		Watts Water Technologies, Inc (Class A)		237,969
	11,245	*	WESCO International, Inc		626,459
	11,834		Westinghouse Air Brake Technologies Corp		937,016
	1,448	*	Willis Lease Finance Corp		18,158
	17,006		Woodward Governor Co		570,891
	46,112		Xylem, Inc		1,105,766
			TOTAL CAPITAL GOODS		302,060,744
COMMERCIAL & PROFESSIONAL SERVICES -1.0%
	13,276		ABM Industries, Inc		246,934
	12,161	*	Acacia Research (Acacia Technologies)		344,278
	26,526	*	ACCO Brands Corp		224,675
	4,187		Acorn Energy, Inc		36,343
	5,378		Administaff, Inc		141,119
	8,642	*	Advisory Board Co		388,804
	4,294		American Ecology Corp		83,733
	16,778	*	American Reprographics Co		73,320
	4,135	*	Asset Acceptance Capital Corp		24,107
	2,856		Asta Funding, Inc		26,618
	2,244	*	AT Cross Co		21,610
	25,164		Avery Dennison Corp		774,800

93

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,784		Barrett Business Services, Inc	$	46,598
	11,654		Brink’s Co		270,373
	5,927	*	Casella Waste Systems, Inc (Class A)		29,931
	9,248	*,e	CBIZ, Inc		48,922
	2,986		CDI Corp		48,254
	1,822	e	Ceco Environmental Corp		14,576
	34,316	*,e	Cenveo, Inc		64,857
	27,817		Cintas Corp		1,102,388
	11,802	*	Clean Harbors, Inc		714,493
	2,110	*	Consolidated Graphics, Inc		50,028
	27,475	*,e	Coolbrands International, Inc		55,225
	26,495	*	Copart, Inc		629,521
	8,113		Corporate Executive Board Co		374,253
	25,211		Corrections Corp of America		783,558
	2,406		Courier Corp		26,755
	26,670		Covanta Holding Corp		458,191
	2,534	*	CRA International, Inc		39,252
	12,076		Deluxe Corp		341,992
	7,126	*	Dolan Media Co		34,775
	11,735		Dun & Bradstreet Corp		941,030
	5,442	*	Encore Capital Group, Inc		152,376
	37,189	*,e	EnergySolutions, Inc		61,734
	5,456	*,e	EnerNOC, Inc		34,591
	6,102		Ennis, Inc		87,503
	29,855		Equifax, Inc		1,398,407
	3,281	*	Exponent, Inc		169,595
	3,128	*	Franklin Covey Co		32,562
	9,902	*	FTI Consulting, Inc		252,798
	4,387		G & K Services, Inc (Class A)		138,234
	15,267	*	Geo Group, Inc		352,973
	3,480	*	GP Strategies Corp		59,543
	16,679		Healthcare Services Group		361,601
	4,166		Heidrick & Struggles International, Inc		55,741
	1,805	*,e	Heritage-Crystal Clean, Inc		31,551
	14,327		Herman Miller, Inc		262,184
	5,875	*	Hill International, Inc		22,854
	11,311		HNI Corp		300,533
	7,682	*	Hudson Highland Group, Inc		34,953
	5,199	*	Huron Consulting Group, Inc		175,102
	4,608	*	ICF International, Inc		113,219
	35,425	*,e	ICO Global Communications Holdings Ltd		39,322
	12,346	*	IHS, Inc (Class A)		1,361,392
	7,757	*,e	Innerworkings, Inc		93,006
	14,444		Interface, Inc		191,527
	2,152		Intersections, Inc		30,644
	37,096		Iron Mountain, Inc		1,194,862
	6,759	*	KAR Auction Services, Inc		108,212
	6,249		Kelly Services, Inc (Class A)		74,113
	7,906	*	Kforce, Inc		91,472
	7,420		Kimball International, Inc (Class B)		69,377
	11,224		Knoll, Inc		153,657
	11,051	*	Korn/Ferry International		145,431

94

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	19,995		Manpower, Inc	$	711,422
	5,691		McGrath RentCorp		151,438
	19,954	*	Metalico, Inc		38,711
	6,372		Mine Safety Appliances Co		218,687
	3,870	*	Mistras Group, Inc		86,998
	8,620	*	Mobile Mini, Inc		123,438
	3,388		Multi-Color Corp		65,863
	12,111	*	Navigant Consulting, Inc		140,851
	29,879	*	Nielsen Holdings NV		851,552
	2,057		NL Industries, Inc		24,273
	17,076	*,e	Odyssey Marine Exploration, Inc		64,206
	10,618	*	On Assignment, Inc		165,535
	44,046	e	Pitney Bowes, Inc		588,455
	4,204	*	Portfolio Recovery Associates, Inc		355,995
	5,922	e	Quad		91,140
	44,148	e	R.R. Donnelley & Sons Co		535,074
	74,417		Republic Services, Inc		2,152,884
	10,867		Resources Connection, Inc		122,688
	36,204		Robert Half International, Inc		977,870
	17,807		Rollins, Inc		419,889
	5,309	*	RPX Corp		66,628
	2,764		Schawk, Inc (Class A)		31,454
	3,701	*	Standard Parking Corp		78,498
	18,713		Steelcase, Inc (Class A)		160,370
	21,136	*	Stericycle, Inc		1,962,478
	9,813	*	SYKES Enterprises, Inc		145,134
	4,565	*	Team, Inc		142,154
	16,726	*	Tetra Tech, Inc		430,025
	3,021	*	TMS International Corp		29,545
	14,912		Towers Watson & Co		874,291
	4,150	*	TRC Cos, Inc		27,266
	10,418	*	TrueBlue, Inc		158,562
	4,145		Unifirst Corp		259,560
	10,786		United Stationers, Inc		271,915
	36,096	*	Verisk Analytics, Inc		1,813,823
	4,776		Viad Corp		82,768
	962		VSE Corp		22,088
	1,490	*	WageWorks, Inc		21,143
	30,313		Waste Connections, Inc		932,731
	115,203		Waste Management, Inc		3,962,982
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		35,472,766
CONSUMER DURABLES & APPAREL - 1.3%
	9,498	e	American Greetings Corp (Class A)		126,228
	4,122	*	Arctic Cat, Inc		181,368
	2,839		Bassett Furniture Industries, Inc		34,778
	38,595	*,e	Beazer Homes USA, Inc		89,540
	2,448		Blyth, Inc		83,917
	23,948		Brunswick Corp		526,617
	18,575	e	Callaway Golf Co		101,977
	11,865	*	Carter’s, Inc		601,200
	1,594	*	Cavco Industries, Inc		76,289

95

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,546		Cherokee, Inc	$	34,116
	5,236	*	Clarus Corp		51,522
	71,673		Coach, Inc		3,535,628
	2,991	e	Columbia Sportswear Co		151,315
	22,117	*	CROCS, Inc		339,496
	1,902		CSS Industries, Inc		35,643
	2,217		Culp, Inc		22,170
	9,428	*,e	Deckers Outdoor Corp		393,242
	1,652	*	Delta Apparel, Inc		23,128
	66,223		DR Horton, Inc		1,167,511
	5,682	e	Ethan Allen Interiors, Inc		117,220
	29,902	*,e	Fifth & Pacific Cos, Inc		331,314
	1,113		Flexsteel Industries, Inc		23,807
	13,398	*	Fossil, Inc		960,503
	26,746	*,e	Garmin Ltd		1,032,663
	3,878	*	G-III Apparel Group Ltd		95,282
	23,837	*	Hanesbrands, Inc		715,587
	17,514		Harman International Industries, Inc		706,690
	28,631	e	Hasbro, Inc		1,025,562
	7,729	*	Helen of Troy Ltd		235,425
	2,525	*,e	Hooker Furniture Corp		29,770
	36,246	*,e	Hovnanian Enterprises, Inc (Class A)		84,091
	17,504	*	Iconix Brand Group, Inc		310,346
	6,765	*,e	iRobot Corp		153,971
	5,580	e	Jakks Pacific, Inc		89,392
	18,811		Jarden Corp		850,257
	1,307	*	Johnson Outdoors, Inc		27,356
	20,719		Jones Apparel Group, Inc		219,000
	23,479	e	KB Home		216,946
	1,771	*	Kenneth Cole Productions, Inc (Class A)		26,636
	6,147	*,e	K-Swiss, Inc (Class A)		19,117
	12,201	*	La-Z-Boy, Inc		145,924
	12,292	*	Leapfrog Enterprises, Inc		141,235
	34,964		Leggett & Platt, Inc		810,466
	39,756	e	Lennar Corp (Class A)		1,161,273
	4,653	*	Libbey, Inc		67,562
	2,169		Lifetime Brands, Inc		27,937
	4,392	*	M/I Homes, Inc		72,863
	5,497	*	Maidenform Brands, Inc		115,877
	84,665		Mattel, Inc		2,977,667
	9,372		MDC Holdings, Inc		298,592
	6,583	*	Meritage Homes Corp		231,063
	20,393	*	Michael Kors Holdings Ltd		842,027
	13,975	*	Mohawk Industries, Inc		928,359
	4,061		Movado Group, Inc		95,190
	68,602		Newell Rubbermaid, Inc		1,210,825
	90,016		Nike, Inc (Class B)		8,402,993
	1,247	*	NVR, Inc		965,153
	3,443		Oxford Industries, Inc		148,875
	3,041	*	Perry Ellis International, Inc		57,323
	17,564		Phillips-Van Heusen Corp		1,395,109
	15,936		Polaris Industries, Inc		1,197,749

96

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	11,292		Pool Corp	$	416,223
	87,696	*	Pulte Homes, Inc		990,965
	41,434	*	Quiksilver, Inc		119,744
	15,397		Ralph Lauren Corp		2,222,403
	1,185		RG Barry Corp		15,784
	10,550		Ryland Group, Inc		251,934
	8,861	*,e	Sealy Corp		14,798
	8,874	*	Skechers U.S.A., Inc (Class A)		176,948
	4,022	*,e	Skullcandy, Inc		57,957
	17,198	*	Smith & Wesson Holding Corp		173,700
	32,930	*,e	Standard-Pacific Corp		186,713
	1,543	*	Steinway Musical Instruments, Inc		38,020
	9,993	*	Steven Madden Ltd		404,017
	5,578	e	Sturm Ruger & Co, Inc		275,721
	16,208	*,e	Tempur-Pedic International, Inc		461,766
	35,289	*	Toll Brothers, Inc		1,029,380
	6,047		True Religion Apparel, Inc		158,673
	5,246	*	Tumi Holdings, Inc		94,690
	13,711		Tupperware Corp		718,731
	19,468	*,e	Under Armour, Inc (Class A)		1,059,838
	3,035	*	Unifi, Inc		33,628
	3,522	*	Universal Electronics, Inc		44,342
	4,664	*,e	Vera Bradley, Inc		106,293
	21,556		VF Corp		3,218,311
	10,331	*	Warnaco Group, Inc		440,720
	1,677		Weyco Group, Inc		39,913
	18,764		Whirlpool Corp		1,267,697
	11,977		Wolverine World Wide, Inc		532,138
	8,963	*,e	Zagg, Inc		99,489
			TOTAL CONSUMER DURABLES & APPAREL		50,791,218
CONSUMER SERVICES - 2.1%
	5,804	*	AFC Enterprises		128,210
	4,192	*,e	American Public Education, Inc		105,261
	7,566		Ameristar Casinos, Inc		127,638
	25,300	*	Apollo Group, Inc (Class A)		688,160
	3,374	*	Ascent Media Corp (Series A)		167,958
	10,579	*	Bally Technologies, Inc		462,408
	3,115		Benihana, Inc		50,525
	6,884	*,e	BJ’s Restaurants, Inc		272,469
	3,211	*,e	Bluegreen Corp		15,381
	7,108		Bob Evans Farms, Inc		273,800
	15,036	*,e	Boyd Gaming Corp		85,705
	4,516	*	Bravo Brio Restaurant Group, Inc		81,604
	4,220	*,e	Bridgepoint Education, Inc		38,402
	20,068		Brinker International, Inc		650,404
	4,555	*	Buffalo Wild Wings, Inc		330,647
	8,600	*,e	Caesars Entertainment Corp		72,068
	3,393	*	Capella Education Co		89,982
	14,486	*	Career Education Corp		68,229
	5,167	*,e	Caribou Coffee Co, Inc		58,749
	103,543		Carnival Corp		3,445,911

97

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,099		Carriage Services, Inc	$	33,120
	2,952	*	Carrols Restaurant Group, Inc		15,970
	4,697		CBRL Group, Inc		294,314
	4,662		CEC Entertainment, Inc		160,653
	13,585	*	Cheesecake Factory		455,369
	7,917	*	Chipotle Mexican Grill, Inc (Class A)		2,314,377
	8,134		Choice Hotels International, Inc		326,011
	3,166		Churchill Downs, Inc		175,206
	7,680	*,e	Coinstar, Inc		364,723
	1,244	e	Collectors Universe		18,150
	18,354	*,e	Corinthian Colleges, Inc		37,075
	32,121		Darden Restaurants, Inc		1,643,953
	23,191	*	Denny’s Corp		101,113
	16,214		DeVry, Inc		318,281
	3,644	*	DineEquity, Inc		194,225
	14,272		Domino’s Pizza, Inc		487,246
	19,827	e	Dunkin Brands Group, Inc		600,362
	7,669	*,e	Education Management Corp		28,835
	1,390		Einstein Noah Restaurant Group, Inc		23,630
	2,952	*	Fiesta Restaurant Group, Inc		45,431
	781		Frisch’s Restaurants, Inc		25,390
	8,410	*	Gaylord Entertainment Co		309,068
	9,762	*	Grand Canyon Education, Inc		162,440
	72,629		H&R Block, Inc		1,171,505
	14,707		Hillenbrand, Inc		254,284
	11,125	*	Hyatt Hotels Corp		395,494
	1,564	*	Ignite Restaurant Group, Inc		21,380
	72,425		International Game Technology		819,851
	6,901		International Speedway Corp (Class A)		176,942
	9,424		Interval Leisure Group, Inc		172,836
	4,780	*	Isle of Capri Casinos, Inc		28,059
	6,180	*,e	ITT Educational Services, Inc		239,908
	10,887	*	Jack in the Box, Inc		293,840
	15,452	*	Jamba, Inc		42,338
	6,107	*,e	K12, Inc		110,415
	13,779	*	Krispy Kreme Doughnuts, Inc		84,052
	97,801		Las Vegas Sands Corp		3,561,912
	10,529	*,e	Life Time Fitness, Inc		478,122
	5,294		Lincoln Educational Services Corp		23,082
	4,408	*	Luby’s, Inc		29,225
	2,781		Mac-Gray Corp		38,461
	4,779		Marcus Corp		62,700
	62,935		Marriott International, Inc (Class A)		2,292,093
	6,125	*	Marriott Vacations Worldwide Corp		189,998
	6,919		Matthews International Corp (Class A)		200,651
	252,843		McDonald’s Corp		22,594,049
	98,538	*	MGM Mirage		938,082
	1,611	*	Monarch Casino & Resort, Inc		12,034
	5,278	*	Morgans Hotel Group Co		26,179
	5,544	*	MTR Gaming Group, Inc		19,958
	6,302	*	Multimedia Games, Inc		89,173
	649	*,e	Nathan’s Famous, Inc		19,658

98

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,408	*	Orient-Express Hotels Ltd (Class A)	$	204,361
	7,131	*	Panera Bread Co (Class A)		1,123,061
	4,628	*	Papa John’s International, Inc		236,074
	3,880	*,e	Peet’s Coffee & Tea, Inc		292,552
	15,926	*	Penn National Gaming, Inc		619,840
	14,581	*	Pinnacle Entertainment, Inc		158,204
	6,828	*,e	Premier Exhibitions, Inc		14,953
	3,432	*	Red Lion Hotels Corp		25,671
	3,652	*	Red Robin Gourmet Burgers, Inc		109,012
	13,593		Regis Corp		229,994
	36,484		Royal Caribbean Cruises Ltd		911,370
	15,302	*	Ruby Tuesday, Inc		98,086
	8,255	*	Ruth’s Chris Steak House, Inc		55,474
	13,649	*	Scientific Games Corp (Class A)		115,471
	53,318		Service Corp International		685,136
	12,671	*	Shuffle Master, Inc		185,123
	9,770		Six Flags Entertainment Corp		562,850
	14,508	*	Sonic Corp		143,629
	16,671		Sotheby’s (Class A)		489,294
	2,767		Speedway Motorsports, Inc		44,023
	188,635		Starbucks Corp		8,541,393
	49,308		Starwood Hotels & Resorts Worldwide, Inc		2,670,028
	282	*	Steak N Shake Co		105,962
	3,516	*	Steiner Leisure Ltd		146,617
	18,477	e	Stewart Enterprises, Inc (Class A)		126,198
	2,872	e	Strayer Education, Inc		208,680
	14,796		Texas Roadhouse, Inc (Class A)		256,119
	4,804	*	Town Sports International Holdings, Inc		62,068
	5,013		Universal Technical Institute, Inc		57,599
	8,826		Vail Resorts, Inc		438,123
	6,465	e	Weight Watchers International, Inc		327,129
	70,508		Wendy’s		323,632
	13,496	*	WMS Industries, Inc		247,922
	36,395		Wyndham Worldwide Corp		1,894,360
	19,887		Wynn Resorts Ltd		1,864,406
	113,059		Yum! Brands, Inc		7,330,746
			TOTAL CONSUMER SERVICES		80,639,894
DIVERSIFIED FINANCIALS - 5.0%
	12,710	*	Affiliated Managers Group, Inc		1,418,309
	82,810	*	American Capital Ltd		824,788
	249,071		American Express Co		14,373,888
	54,892		Ameriprise Financial, Inc		2,839,014
	49,876		Apollo Investment Corp		383,048
	53,120		Ares Capital Corp		883,386
	7,356	e	Artio Global Investors, Inc		23,760
	2,663,007		Bank of America Corp		19,546,471
	296,713		Bank of New York Mellon Corp		6,314,052
	24,421		BGC Partners, Inc (Class A)		121,372
	17,125	e	BlackRock Kelso Capital Corp		161,831
	31,687		BlackRock, Inc		5,395,028
	4,446		Calamos Asset Management, Inc (Class A)		46,994

99

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	144,470		Capital One Financial Corp	$	8,161,110
	679		Capital Southwest Corp		70,888
	6,917		Cash America International, Inc		265,059
	21,492		CBOE Holdings, Inc		612,522
	267,616		Charles Schwab Corp		3,379,990
	726,527		Citigroup, Inc		19,710,678
	82,590		CME Group, Inc		4,303,765
	4,188	e	Cohen & Steers, Inc		138,204
	17,302	*	Cowen Group, Inc		43,255
	2,023	*	Credit Acceptance Corp		193,925
	1,981	*,e	Deerfield Capital Corp		14,521
	598		Diamond Hill Investment Group, Inc		44,677
	132,056		Discover Financial Services		4,748,734
	10,193	*	Dollar Financial Corp		195,400
	7,122		Duff & Phelps Corp		104,978
	70,033	*	E*Trade Financial Corp		534,352
	28,739	e	Eaton Vance Corp		762,446
	3,460		Epoch Holding Corp		72,937
	7,043		Evercore Partners, Inc (Class A)		163,186
	11,824	*	Ezcorp, Inc (Class A)		266,040
	7,188	*	FBR Capital Markets Corp		20,917
	22,497	e	Federated Investors, Inc (Class B)		452,415
	2,281		Fidus Investment Corp		34,854
	22,123	e	Fifth Street Finance Corp		223,664
	11,358	*,e	Financial Engines, Inc		213,190
	7,348	*	First Cash Financial Services, Inc		294,655
	11,052	*,e	First Marblehead Corp		11,826
	34,877		Franklin Resources, Inc		4,009,110
	2,085	e	Friedman Billings Ramsey Group, Inc (Class A)		46,621
	3,700	*	FX Alliance, Inc		81,770
	4,070		FXCM, Inc		42,735
	3,472	e	Gain Capital Holdings, Inc		16,666
	1,584		GAMCO Investors, Inc (Class A)		70,789
	16,578		GFI Group, Inc		52,718
	4,932		Gladstone Capital Corp		40,196
	5,434		Gladstone Investment Corp		39,233
	122,563		Goldman Sachs Group, Inc		12,366,606
	3,408	e	Golub Capital BDC, Inc		52,415
	5,866	*,e	Green Dot Corp		61,241
	7,003	e	Greenhill & Co, Inc		278,159
	4,640	*,e	GSV Capital Corp		47,421
	7,261	*	Harris & Harris Group, Inc		27,011
	12,278		Hercules Technology Growth Capital, Inc		137,882
	7,914	*	HFF, Inc (Class A)		103,357
	1,585		Horizon Technology Finance Corp		25,962
	9,831		Interactive Brokers Group, Inc (Class A)		136,159
	17,981	*	IntercontinentalExchange, Inc		2,359,467
	3,106	*	International Assets Holding Corp		59,169
	8,688	*	Internet Capital Group, Inc		77,671
	111,708		Invesco Ltd		2,472,098
	9,712	*	Investment Technology Group, Inc		80,415

100

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	44,295		Janus Capital Group, Inc	$	320,253
	32,972	e	Jefferies Group, Inc		413,469
	3,555		JMP Group, Inc		22,148
	947,025		JPMorgan Chase & Co		34,092,900
	8,489	e	KBW, Inc		136,758
	5,349		KCAP Financial, Inc		42,578
	23,702	*	Knight Capital Group, Inc (Class A)		244,842
	29,673	*,e	Ladenburg Thalmann Financial Services, Inc		42,136
	28,427		Lazard Ltd (Class A)		763,265
	35,109		Legg Mason, Inc		860,873
	49,094		Leucadia National Corp		1,064,358
	11,720	*	LPL Financial Holdings, Inc		328,394
	5,380		Main Street Capital Corp		131,864
	2,900		Manning & Napier, Inc		39,556
	8,951		MarketAxess Holdings, Inc		270,499
	2,025		Marlin Business Services Corp		31,104
	18,072		MCG Capital Corp		79,155
	3,440		Medallion Financial Corp		38,115
	4,107		Medley Capital Corp		50,927
	2,303		MicroFinancial, Inc		22,224
	48,331		Moody’s Corp		1,958,855
	384,238		Morgan Stanley		5,248,690
	30,020	*	MSCI, Inc (Class A)		995,163
	5,622		MVC Capital, Inc		71,456
	28,577		Nasdaq Stock Market, Inc		648,698
	6,046		Nelnet, Inc (Class A)		142,141
	6,980	*,e	Netspend Holdings, Inc		61,424
	1,703	e	New Mountain Finance Corp		24,200
	6,395	*	NewStar Financial, Inc		76,228
	5,067		NGP Capital Resources Co		36,989
	2,274	e	Nicholas Financial, Inc		30,062
	53,563		Northern Trust Corp		2,431,760
	63,256		NYSE Euronext		1,611,763
	2,422		Oppenheimer Holdings, Inc		33,690
	14,013		PennantPark Investment Corp		146,296
	13,275	*,e	PHH Corp		215,188
	5,313	*	Pico Holdings, Inc		128,096
	3,717	*	Piper Jaffray Cos		79,209
	30,132	e	Prospect Capital Corp		333,863
	2,515		Pzena Investment Management, Inc (Class A)		9,683
	27,909		Raymond James Financial, Inc		938,301
	1,288	*,e	Regional Management Corp		19,436
	2,925		Resource America, Inc (Class A)		17,755
	4,852	*	Safeguard Scientifics, Inc		75,060
	4,746	e	Sanders Morris Harris Group, Inc		41,148
	34,209		SEI Investments Co		724,547
	119,785		SLM Corp		1,915,362
	10,995		Solar Capital Ltd		250,356
	1,810		Solar Senior Capital Ltd		30,824
	121,635		State Street Corp		4,911,620
	13,226	*	Stifel Financial Corp		398,103

101

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,844	*	SWS Group, Inc	$	39,216
	63,964		T Rowe Price Group, Inc		3,885,813
	1,286		TCP Capital Corp		18,673
	57,010		TD Ameritrade Holding Corp		907,599
	2,167		THL Credit, Inc		29,905
	9,346		TICC Capital Corp		91,030
	7,767	e	Triangle Capital Corp		178,097
	1,908	*	Virtus Investment Partners, Inc		159,738
	21,234		Waddell & Reed Financial, Inc (Class A)		617,697
	7,105		Walter Investment Management Corp		160,715
	1,456		Westwood Holdings Group, Inc		54,236
	14,463	*	WisdomTree Investments, Inc		96,757
	3,148	*,e	World Acceptance Corp		224,358
			TOTAL DIVERSIFIED FINANCIALS		189,120,218
ENERGY - 10.1%
	34,508	*,e	Abraxas Petroleum Corp		86,615
	556		Adams Resources & Energy, Inc		23,107
	2,677		Alon USA Energy, Inc		29,233
	58,301	*	Alpha Natural Resources, Inc		408,690
	13,135	*,e	Amyris Biotechnologies, Inc		50,832
	124,457		Anadarko Petroleum Corp		8,642,294
	97,326		Apache Corp		8,381,715
	2,741	e	APCO Argentina, Inc		45,884
	6,984	*,e	Approach Resources, Inc		184,378
	56,342	e	Arch Coal, Inc		406,226
	17,310	*,e	ATP Oil & Gas Corp		25,100
	14,198	*	Atwood Oceanics, Inc		632,237
	109,395		Baker Hughes, Inc		5,067,176
	10,425	*,e	Basic Energy Services, Inc		112,799
	12,862		Berry Petroleum Co (Class A)		489,013
	11,134	*	Bill Barrett Corp		234,482
	2,076		Bolt Technology Corp		30,206
	2,400	*	Bonanza Creek Energy, Inc		42,072
	38,975	*,e	BPZ Energy, Inc		88,863
	8,795		Bristow Group, Inc		402,547
	12,450	*,e	C&J Energy Services, Inc		233,811
	51,516		Cabot Oil & Gas Corp		2,173,460
	38,469	*,e	Cal Dive International, Inc		62,320
	17,470	*	Callon Petroleum Co		86,826
	59,679	*	Cameron International Corp		3,000,063
	4,782	e	CARBO Ceramics, Inc		306,909
	9,185	*	Carrizo Oil & Gas, Inc		231,554
	1,576	*,e	Ceres, Inc		13,664
	53,173	*	Cheniere Energy, Inc		724,748
	162,495	e	Chesapeake Energy Corp		3,058,156
	490,278		Chevron Corp		53,724,663
	21,038		Cimarex Energy Co		1,192,644
	1,478	*,e	Clayton Williams Energy, Inc		61,012
	16,227	*,e	Clean Energy Fuels Corp		228,963
	14,385	*	Cloud Peak Energy, Inc		238,072
	45,048	*	Cobalt International Energy, Inc		1,130,705

102

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,634	*,e	Comstock Resources, Inc	$	204,418
	25,921	*	Concho Resources, Inc		2,209,765
	314,812		ConocoPhillips		17,138,365
	56,459		Consol Energy, Inc		1,636,182
	3,664	*	Contango Oil & Gas Co		217,092
	10,367	*	Continental Resources, Inc		663,384
	1,784	*,e	CREDO Petroleum Corp		25,743
	3,146	*	Crimson Exploration, Inc		13,842
	9,544		Crosstex Energy, Inc		128,749
	4,100	*	CVR Energy, Inc		117,096
	20,829	*	CVR Energy, Inc (Contingent value right)		0
	1,859	*	Dawson Geophysical Co		42,831
	3,358		Delek US Holdings, Inc		66,287
	96,049	*	Denbury Resources, Inc		1,452,261
	101,030	*	Devon Energy Corp		5,972,894
	16,786	e	Diamond Offshore Drilling, Inc		1,098,140
	18,793	*	Dresser-Rand Group, Inc		874,062
	10,011	*	Dril-Quip, Inc		733,906
	14,836	*,e	Endeavour International Corp		127,145
	17,696		Energen Corp		906,212
	7,550	*	Energy Partners Ltd		127,595
	19,170		Energy XXI Bermuda Ltd		597,721
	67,151		EOG Resources, Inc		6,581,470
	31,643		Equitable Resources, Inc		1,784,665
	3,762	*	Evolution Petroleum Corp		31,413
	30,183	e	EXCO Resources, Inc		212,488
	16,595	*,e	Exterran Holdings, Inc		245,108
	1,161,571	d	Exxon Mobil Corp		100,882,441
	59,576	*	FMC Technologies, Inc		2,688,069
	3,740	*	Forbes Energy Services Ltd		16,493
	30,231	*,e	Forest Oil Corp		207,082
	4,612	*,e	Forum Energy Technologies, Inc		96,114
	22,757	e	Frontline Ltd		84,201
	13,849	*	FX Energy, Inc		93,204
	5,629	*	GasLog Ltd		55,783
	16,732	*	Gastar Exploration Ltd		32,627
	4,918	*	Georesources, Inc		164,556
	12,033	*,e	Gevo, Inc		46,688
	7,672	*	Global Geophysical Services, Inc		45,035
	10,793	e	Golar LNG Ltd		417,257
	8,128	*,e	Goodrich Petroleum Corp		94,285
	11,920	*,e	Green Plains Renewable Energy, Inc		52,925
	4,209		Gulf Island Fabrication, Inc		117,052
	6,574	*	Gulfmark Offshore, Inc		236,335
	13,582	*	Gulfport Energy Corp		279,789
	17,140	*,e	Halcon Resources Corp		113,124
	226,291		Halliburton Co		7,497,021
	16,817	*,e	Harvest Natural Resources, Inc		132,518
	32,637	*,e	Heckmann Corp		100,522
	25,000	*	Helix Energy Solutions Group, Inc		447,000
	23,984		Helmerich & Payne, Inc		1,115,256
	46,332	*	Hercules Offshore, Inc		166,332

103

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	74,853		Hess Corp	$	3,530,067
	51,301		Holly Corp		1,918,144
	8,814	*	Hornbeck Offshore Services, Inc		373,273
	36,002	*	ION Geophysical Corp		239,413
	139	*,e	Isramco, Inc		14,872
	40,849	*	Key Energy Services, Inc		327,200
	121,313		Kinder Morgan, Inc		4,344,219
	6,683	*,e	KiOR, Inc (Class A)		51,058
	5,151	e	Knightsbridge Tankers Ltd		44,350
	68,034	*	Kodiak Oil & Gas Corp		568,084
	17,203	*	Kosmos Energy LLC		164,117
	4,600	*,e	Laredo Petroleum Holdings, Inc		105,708
	8,358		Lufkin Industries, Inc		384,886
	44,556	*,e	Magnum Hunter Resources Corp		169,313
	173,370		Marathon Oil Corp		4,589,104
	83,652		Marathon Petroleum Corp		3,956,740
	3,300	*	Matador Resources Co		34,551
	6,199	*	Matrix Service Co		64,222
	57,947	*	McDermott International, Inc		677,980
	25,626	*,e	McMoRan Exploration Co		334,676
	5,427	*	Midstates Petroleum Co, Inc		46,238
	7,644	*,e	Miller Petroleum, Inc		29,735
	2,821	*	Mitcham Industries, Inc		49,847
	47,111		Murphy Oil Corp		2,527,976
	72,748	*	Nabors Industries Ltd		1,006,832
	104,273		National Oilwell Varco, Inc		7,538,938
	2,859	*	Natural Gas Services Group, Inc		41,456
	33,736	*	Newfield Exploration Co		1,029,960
	21,293	*,e	Newpark Resources, Inc		145,431
	43,576		Noble Energy, Inc		3,809,850
	12,927	e	Nordic American Tanker Shipping		151,246
	15,889	*,e	Northern Oil And Gas, Inc		250,411
	19,351	*,e	Oasis Petroleum, Inc		506,609
	200,083		Occidental Petroleum Corp		17,413,223
	26,601		Oceaneering International, Inc		1,375,006
	12,884	*	Oil States International, Inc		936,667
	10,364	e	Overseas Shipholding Group, Inc		59,282
	1,581	*	OYO Geospace Corp		149,847
	1,649		Panhandle Oil and Gas, Inc (Class A)		50,624
	34,264	*	Parker Drilling Co		158,642
	38,947		Patterson-UTI Energy, Inc		602,900
	8,822	*	PDC Energy, Inc		231,136
	66,843		Peabody Energy Corp		1,395,682
	17,057		Penn Virginia Corp		114,282
	14,228	*,e	Petroquest Energy, Inc		78,396
	3,054	*	PHI, Inc		81,481
	155,640		Phillips 66		5,852,064
	20,097	*	Pioneer Energy Services Corp		161,580
	30,193		Pioneer Natural Resources Co		2,676,006
	31,561	*	Plains Exploration & Production Co		1,261,178

104

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	43,776		Questar Market Resources, Inc	$	1,314,593
	33,616	*,e	Quicksilver Resources, Inc		151,944
	39,825		Range Resources Corp		2,493,045
	1,995	*	Renewable Energy Group, Inc		9,875
	67,197	*	Rentech, Inc		133,722
	10,854	*,e	Resolute Energy Corp		94,104
	13,238	*,e	Rex Energy Corp		167,858
	1,445	*	Rex Stores Corp		25,504
	3,087	*	RigNet, Inc		57,665
	12,939	*	Rosetta Resources, Inc		539,815
	31,551	*	Rowan Cos PLC		1,108,387
	15,298	e	RPC, Inc		205,758
	2,400	*,e	Sanchez Energy Corp		39,936
	120,135	*,e	SandRidge Energy, Inc		819,321
	4,330	*,e	Saratoga Resources, Inc		25,937
	331,741		Schlumberger Ltd		23,639,865
	9,436	*	Scorpio Tankers, Inc		56,710
	5,353		SEACOR Holdings, Inc		454,737
	10,284	*	SemGroup Corp		346,674
	10,583	e	Ship Finance International Ltd		153,242
	7,988	*	Solazyme, Inc		109,675
	87,254	*	Southwestern Energy Co		2,901,196
	160,235		Spectra Energy Corp		4,917,612
	15,763		St. Mary Land & Exploration Co		742,280
	12,113	*	Stone Energy Corp		318,087
	26,091		Sunoco, Inc		1,257,325
	39,345	*	Superior Energy Services		852,606
	10,009	*	Swift Energy Co		187,068
	9,039	*	Synergy Resources Corp		26,575
	7,223		Targa Resources Investments, Inc		318,173
	8,896		Teekay Corp		273,374
	18,085	e	Teekay Tankers Ltd (Class A)		70,351
	7,075	*	Tesco Corp		81,999
	35,205	*	Tesoro Corp		973,418
	18,072	*	Tetra Technologies, Inc		125,239
	3,525	*	TGC Industries, Inc		24,605
	12,087		Tidewater, Inc		587,066
	14,708	*,e	Triangle Petroleum Corp		82,218
	37,503	*,e	Ultra Petroleum Corp		891,071
	3,552	*	Union Drilling, Inc		12,716
	11,891	*	Unit Corp		472,786
	26,574	*,e	Uranerz Energy Corp		40,924
	30,181	*,e	Uranium Energy Corp		60,362
	13,986	*	Vaalco Energy, Inc		102,517
	135,824		Valero Energy Corp		3,735,160
	50,564	*	Vantage Drilling Co		79,385
	7,832	*	Venoco, Inc		72,603
	33,965	*,e	Voyager Oil & Gas, Inc		38,380
	8,240		W&T Offshore, Inc		152,358
	29,243	*	Warren Resources, Inc		67,844
	14,414	e	Western Refining, Inc		339,161
	2,319	*,e	Westmoreland Coal Co		17,068

105

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,848	*	Whiting Petroleum Corp	$	1,165,459
	22,225	*	Willbros Group, Inc		152,241
	151,797		Williams Cos, Inc		4,825,627
	17,720		World Fuel Services Corp		717,483
	48,750	*	WPX Energy, Inc		777,563
	6,345	*,e	ZaZa Energy Corp		23,984
			TOTAL ENERGY		381,298,335
FOOD & STAPLES RETAILING - 2.1%
	4,356		Andersons, Inc		165,397
	159		Arden Group, Inc (Class A)		13,804
	9,355		Casey’s General Stores, Inc		555,968
	2,420	*	Chefs’ Warehouse Holdings, Inc		39,083
	107,636		Costco Wholesale Corp		10,352,430
	318,803		CVS Corp		14,425,836
	6,759	*	Fresh Market, Inc		398,038
	10,725		Harris Teeter Supermarkets, Inc		443,372
	2,951		Ingles Markets, Inc (Class A)		48,278
	139,802		Kroger Co		3,099,410
	4,647		Nash Finch Co		89,037
	5,392	*	Pantry, Inc		76,728
	4,523	e	Pricesmart, Inc		325,746
	160,577	*	Rite Aid Corp		186,269
	4,600	e	Roundy’s, Inc		44,160
	59,173	e	Safeway, Inc		920,140
	5,292		Spartan Stores, Inc		91,022
	50,318	e	Supervalu, Inc		124,285
	2,694	*	Susser Holdings Corp		97,280
	145,745		Sysco Corp		4,283,446
	11,959	*	United Natural Foods, Inc		649,374
	2,062		Village Super Market (Class A)		73,015
	214,841		Walgreen Co		7,811,619
	420,550		Wal-Mart Stores, Inc		31,301,538
	2,713		Weis Markets, Inc		118,097
	45,649		Whole Foods Market, Inc		4,189,665
			TOTAL FOOD & STAPLES RETAILING		79,923,037
FOOD, BEVERAGE & TOBACCO - 5.6%
	445		Alico, Inc		13,007
	20,433	*,e	Alliance One International, Inc		66,612
	505,960		Altria Group, Inc		18,199,381
	1,199	*,e	Annie’s, Inc		48,859
	163,891		Archer Daniels Midland Co		4,275,916
	12,040		B&G Foods, Inc (Class A)		337,120
	39,194		Beam, Inc		2,464,519
	1,929	*,e	Boston Beer Co, Inc (Class A)		207,792
	24,799		Brown-Forman Corp (Class B)		2,320,194
	35,848		Bunge Ltd		2,357,723
	2,771	e	Calavo Growers, Inc		74,762
	3,425	e	Cal-Maine Foods, Inc		129,225
	43,285		Campbell Soup Co		1,433,166
	25,963	*,e	Central European Distribution Corp		84,639

106

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,702	*	Chiquita Brands International, Inc	$	55,436
	1,302		Coca-Cola Bottling Co Consolidated		87,455
	482,814		Coca-Cola Co		39,011,371
	74,753		Coca-Cola Enterprises, Inc		2,191,758
	101,311		ConAgra Foods, Inc		2,501,369
	38,670	*	Constellation Brands, Inc (Class A)		1,090,881
	2,434	*	Craft Brewers Alliance, Inc		20,786
	29,284	*	Darling International, Inc		483,772
	46,174	*	Dean Foods Co		571,172
	5,172	e	Diamond Foods, Inc		84,148
	8,435	*,e	Dole Food Co, Inc		99,280
	51,997		Dr Pepper Snapple Group, Inc		2,370,023
	797	*	Farmer Bros Co		6,217
	27,502		Flowers Foods, Inc		587,718
	8,573		Fresh Del Monte Produce, Inc		210,039
	160,441		General Mills, Inc		6,209,066
	33,850	*,e	Green Mountain Coffee Roasters, Inc		618,101
	406		Griffin Land & Nurseries, Inc (Class A)		11,693
	78,537		H.J. Heinz Co		4,336,027
	9,168	*	Hain Celestial Group, Inc		510,566
	37,358		Hershey Co		2,680,063
	29,714		Hillshire Brands Co		760,976
	32,969	e	Hormel Foods Corp		920,165
	18,855		Ingredion, Inc		978,952
	3,445	*	Inventure Foods, Inc		26,389
	4,535		J&J Snack Foods Corp		262,078
	27,853		J.M. Smucker Co		2,139,110
	1,859	*	John B. Sanfilippo & Son, Inc		31,529
	60,147		Kellogg Co		2,869,012
	440,503		Kraft Foods, Inc (Class A)		17,492,373
	4,549		Lancaster Colony Corp		315,200
	11,073		Lance, Inc		259,440
	1,823	e	Limoneira Co		32,632
	32,044		Lorillard, Inc		4,122,140
	32,964		McCormick & Co, Inc		2,006,848
	49,951		Mead Johnson Nutrition Co		3,644,425
	31,480		Molson Coors Brewing Co (Class B)		1,332,234
	35,846	*	Monster Beverage Corp		2,382,684
	2,418		National Beverage Corp		35,061
	4,544	*	Omega Protein Corp		37,852
	388,787		PepsiCo, Inc		28,276,479
	423,827		Philip Morris International, Inc		38,754,742
	14,402	*,e	Pilgrim’s Pride Corp		66,969
	6,727	*	Post Holdings, Inc		199,119
	13,454	*	Ralcorp Holdings, Inc		802,800
	81,927		Reynolds American, Inc		3,790,762
	5,194	e	Sanderson Farms, Inc		191,295
	2,160	*	Seneca Foods Corp		53,309
	13,955	*	Smart Balance, Inc		132,852
	39,135	*	Smithfield Foods, Inc		723,998
	32,972	*,e	Star Scientific, Inc		124,634
	4,054	*,e	Synutra International, Inc		23,027

107

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,638	e	Tootsie Roll Industries, Inc	$	138,018
	8,827	*	TreeHouse Foods, Inc		494,224
	71,415		Tyson Foods, Inc (Class A)		1,071,939
	5,684	e	Universal Corp		258,849
	12,894	e	Vector Group Ltd		219,069
	3,017	*	Westway Group, Inc		17,861
			TOTAL FOOD, BEVERAGE & TOBACCO		210,738,902
HEALTH CARE EQUIPMENT & SERVICES - 4.1%
	5,274	*	Abaxis, Inc		188,229
	8,234	*,e	Abiomed, Inc		185,677
	5,609	*	Acadia Healthcare Co, Inc		90,529
	13,471	*,e	Accretive Health, Inc		182,936
	16,044	*	Accuray, Inc		101,238
	86,670		Aetna, Inc		3,125,320
	3,155	*	Air Methods Corp		343,990
	17,590	*	Align Technology, Inc		597,356
	47,205	*	Allscripts Healthcare Solutions, Inc		434,286
	1,924	*	Almost Family, Inc		42,347
	13,199	*	Alphatec Holdings, Inc		23,230
	6,919	*,e	Amedisys, Inc		84,343
	11,896	*	Amerigroup Corp		1,069,212
	62,990		AmerisourceBergen Corp		2,500,703
	9,291	*	AMN Healthcare Services, Inc		54,259
	7,330	*	Amsurg Corp		216,528
	3,878		Analogic Corp		248,270
	5,847	*	Angiodynamics, Inc		64,375
	2,859	*	Anika Therapeutics, Inc		34,737
	20,602	*,e	Antares Pharma, Inc		99,508
	6,405	*	Arthrocare Corp		189,460
	4,582		Assisted Living Concepts, Inc (A Shares)		64,194
	8,787	*,e	athenahealth, Inc		804,011
	3,290	*	AtriCure, Inc		27,537
	455		Atrion Corp		93,730
	20,883		Bard (C.R.), Inc		2,031,081
	136,937		Baxter International, Inc		8,012,183
	50,404		Becton Dickinson & Co		3,816,087
	5,760	*,e	Bio-Reference Labs, Inc		142,560
	9,543	*	BioScrip, Inc		60,693
	350,854	*	Boston Scientific Corp		1,813,915
	22,963	*	Brookdale Senior Living, Inc		377,971
	5,139		Cantel Medical Corp		134,231
	6,458	*	Capital Senior Living Corp		72,588
	86,106		Cardinal Health, Inc		3,710,308
	3,395	*,e	Cardiovascular Systems, Inc		31,098
	54,911	*	CareFusion Corp		1,340,378
	25,097	*	Catamaran Corp		2,120,947
	12,668	*	Centene Corp		481,891
	36,028	*	Cerner Corp		2,663,189
	11,153	*,e	Cerus Corp		33,682
	5,000	e	Chemed Corp		313,850
	2,663	*,e	Chindex International, Inc		27,828

108

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	71,796		Cigna Corp	$	2,891,943
	23,444	*	Community Health Systems, Inc		576,957
	2,590		Computer Programs & Systems, Inc		128,205
	7,315	*,e	Conceptus, Inc		135,913
	6,637		Conmed Corp		182,119
	11,545		Cooper Cos, Inc		868,877
	1,444	*	Corvel Corp		66,626
	35,090		Coventry Health Care, Inc		1,169,550
	119,988		Covidien plc		6,704,928
	6,512	*	Cross Country Healthcare, Inc		29,695
	6,551	*	CryoLife, Inc		36,424
	6,648	*	Cyberonics, Inc		287,858
	2,264	*	Cynosure, Inc (Class A)		56,691
	23,528	*	DaVita, Inc		2,315,626
	35,227		Dentsply International, Inc		1,280,149
	2,416	*,e	Derma Sciences, Inc		24,184
	16,894	*	DexCom, Inc		186,003
	28,723	*	Edwards Lifesciences Corp		2,906,768
	7,173	*	Emeritus Corp		121,582
	13,470	*	Endologix, Inc		158,273
	3,820		Ensign Group, Inc		107,151
	6,732	*	EnteroMedics, Inc		22,350
	4,418	*,e	ePocrates, Inc		33,312
	1,989	*	Exactech, Inc		32,918
	6,366	*,e	EXamWorks, Inc		83,076
	200,177	*	Express Scripts Holding Co		11,598,255
	9,872	*	Five Star Quality Care, Inc		35,243
	11,241	*	Gen-Probe, Inc		929,518
	14,665	*	Gentiva Health Services, Inc		97,669
	5,472	*	Greatbatch, Inc		124,926
	1,998	*,e	Greenway Medical Technologies		27,353
	6,880	*	Haemonetics Corp		494,741
	7,866	*	Hanger Orthopedic Group, Inc		202,707
	10,149	*,e	Hansen Medical, Inc		17,964
	38,042		HCA Holdings, Inc		1,007,352
	59,614	*	Health Management Associates, Inc (Class A)		392,260
	20,437	*	Health Net, Inc		450,023
	23,505	*	Healthsouth Corp		526,512
	5,938	*	HealthStream, Inc		165,908
	7,960	*	Healthways, Inc		89,232
	3,474	*,e	HeartWare International, Inc		310,193
	22,063	*	Henry Schein, Inc		1,650,533
	14,860		Hill-Rom Holdings, Inc		388,589
	21,347	*	HMS Holdings Corp		734,550
	64,932	*	Hologic, Inc		1,202,541
	40,671		Humana, Inc		2,505,334
	4,052	*	ICU Medical, Inc		216,093
	14,119	*	Idexx Laboratories, Inc		1,244,872
	11,748	*	Insulet Corp		229,791
	4,889	*	Integra LifeSciences Holdings Corp		188,031
	2,149	*	Integramed America, Inc		29,936
	9,867	*	Intuitive Surgical, Inc		4,750,960

109

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,886		Invacare Corp	$	111,114
	20,107	*	Inverness Medical Innovations, Inc		379,419
	3,842	*	IPC The Hospitalist Co, Inc		165,206
	4,166	*	IRIS International, Inc		43,285
	12,257	*	Kindred Healthcare, Inc		116,074
	24,086	*	Laboratory Corp of America Holdings		2,025,392
	2,203		Landauer, Inc		125,483
	3,704	*	LHC Group, Inc		66,265
	12,324	*	LifePoint Hospitals, Inc		469,791
	21,199	e	Lincare Holdings, Inc		877,639
	7,008	*	Magellan Health Services, Inc		337,786
	9,003	*	MAKO Surgical Corp		114,698
	12,318		Masimo Corp		275,923
	58,573		McKesson Corp		5,314,328
	14,432	*	MedAssets, Inc		190,358
	5,498	*	Medidata Solutions, Inc		194,684
	257,889		Medtronic, Inc		10,165,983
	21,378	*,e	Merge Healthcare, Inc		63,279
	9,617	e	Meridian Bioscience, Inc		160,700
	9,822	*	Merit Medical Systems, Inc		132,695
	9,939	*	Metropolitan Health Networks, Inc		83,786
	9,601	*	MModal, Inc		137,486
	7,328	*	Molina Healthcare, Inc		178,876
	3,080	*	MWI Veterinary Supply, Inc		280,557
	2,398	e	National Healthcare Corp		104,721
	600		National Research Corp		30,192
	6,800	*	Natus Medical, Inc		84,048
	5,819	*	Neogen Corp		223,857
	22,211	*,e	Neoprobe Corp		84,846
	10,633	*	NuVasive, Inc		222,123
	12,177	*	NxStage Medical, Inc		183,264
	27,752		Omnicare, Inc		871,690
	7,762	*	Omnicell, Inc		101,294
	10,938	*	OraSure Technologies, Inc		116,052
	4,619	*	Orthofix International NV		189,425
	15,543	e	Owens & Minor, Inc		438,468
	4,450	*	Palomar Medical Technologies, Inc		35,645
	22,880		Patterson Cos, Inc		780,208
	2,286	*	PDI, Inc		16,413
	11,986	*	Pediatrix Medical Group, Inc		792,634
	6,906	*	PharMerica Corp		71,063
	3,163	*,e	PhotoMedex, Inc		43,934
	3,036	*	Providence Service Corp		39,164
	13,021	*	PSS World Medical, Inc		272,009
	10,139		Quality Systems, Inc		163,846
	39,463		Quest Diagnostics, Inc		2,305,823
	6,679	*,e	Quidel Corp		104,660
	35,033	*	Resmed, Inc		1,105,641
	2,475	*,e	Rochester Medical Corp		24,701
	5,277	*,e	Rockwell Medical Technologies, Inc		47,599
	12,929	*	RTI Biologics, Inc		46,027
	10,510	*	Select Medical Holdings Corp		111,932

110

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	13,633	*	Sirona Dental Systems, Inc	$	589,355
	3,613	*	Skilled Healthcare Group, Inc (Class A)		19,619
	14,201	*	Solta Medical, Inc		46,437
	7,810	*	Spectranetics Corp		92,158
	78,157		St. Jude Medical, Inc		2,919,946
	8,343	*	Staar Surgical Co		42,883
	13,906		STERIS Corp		418,988
	77,017		Stryker Corp		4,007,195
	10,882	*	Sun Healthcare Group, Inc		90,974
	13,533	*,e	Sunrise Senior Living, Inc		90,400
	3,567	*	SurModics, Inc		56,858
	8,530	*	Symmetry Medical, Inc		66,108
	6,974	*	Team Health Holdings, Inc		186,206
	10,035		Teleflex, Inc		639,631
	109,212	*	Tenet Healthcare Corp		504,559
	15,077	*	Thoratec Corp		517,292
	3,691	*,e	Tornier BV		80,538
	4,631	*	Triple-S Management Corp (Class B)		84,377
	18,401	*,e	Unilife Corp		58,147
	258,118		UnitedHealth Group, Inc		13,187,248
	9,252		Universal American Corp		82,898
	21,990		Universal Health Services, Inc (Class B)		859,369
	2,760		US Physical Therapy, Inc		70,849
	755		Utah Medical Products, Inc		25,564
	7,170	*	Vanguard Health Systems, Inc		60,945
	27,385	*	Varian Medical Systems, Inc		1,494,673
	3,963	*	Vascular Solutions, Inc		52,866
	21,421	*	VCA Antech, Inc		389,862
	1,617	*,e	Vocera Communications, Inc		43,400
	13,089	*	Volcano Corp		346,204
	10,587	*	WellCare Health Plans, Inc		686,249
	82,392		WellPoint, Inc		4,390,670
	8,423		West Pharmaceutical Services, Inc		419,297
	9,166	*,e	Wright Medical Group, Inc		170,854
	1,317		Young Innovations, Inc		47,531
	4,151	*,e	Zeltiq Aesthetics, Inc		21,336
	43,835		Zimmer Holdings, Inc		2,583,197
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		154,135,518
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%
	107,729		Avon Products, Inc		1,668,722
	11,103	*	Central Garden and Pet Co (Class A)		126,796
	34,132		Church & Dwight Co, Inc		1,966,345
	32,366		Clorox Co		2,353,332
	118,632		Colgate-Palmolive Co		12,736,331
	6,258	*	Elizabeth Arden, Inc		244,125
	16,044	*	Energizer Holdings, Inc		1,247,742
	57,321		Estee Lauder Cos (Class A)		3,002,474
	4,442	e	Female Health Co		27,318
	10,294	*	Harbinger Group, Inc		95,322
	29,792		Herbalife Ltd		1,635,283
	3,774		Inter Parfums, Inc		61,365

111

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	96,283		Kimberly-Clark Corp	$	8,367,956
	3,260	*,e	Medifast, Inc		91,606
	2,615	e	Nature’s Sunshine Products, Inc		40,428
	13,928		Nu Skin Enterprises, Inc (Class A)		710,467
	2,156	*	Nutraceutical International Corp		32,146
	1,164		Oil-Dri Corp of America		25,527
	1,462		Orchids Paper Products Co		24,854
	11,805	*	Prestige Brands Holdings, Inc		193,720
	681,171		Procter & Gamble Co		43,962,775
	2,543	*	Revlon, Inc (Class A)		37,001
	2,860		Schiff Nutrition International, Inc		49,993
	5,707	*	Spectrum Brands, Inc		210,189
	1,594	*,e	USANA Health Sciences, Inc		71,698
	4,990		WD-40 Co		239,770
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		79,223,285
INSURANCE - 3.6%
	84,210		ACE Ltd		6,189,435
	116,188		Aflac, Inc		5,086,711
	4,152	*	Alleghany Corp		1,435,803
	8,932		Allied World Assurance Co Holdings Ltd		673,741
	122,223		Allstate Corp		4,192,249
	14,018		American Equity Investment Life Holding Co		163,590
	20,952		American Financial Group, Inc		790,100
	160,204	*	American International Group, Inc		5,009,579
	1,600		American National Insurance Co		112,688
	2,448	*	American Safety Insurance Holdings Ltd		43,697
	4,309	*	Amerisafe, Inc		107,574
	5,649	e	Amtrust Financial Services, Inc		168,284
	81,054		Aon plc		3,987,857
	33,898	*	Arch Capital Group Ltd		1,315,242
	6,434		Argo Group International Holdings Ltd		189,224
	28,885		Arthur J. Gallagher & Co		1,024,840
	17,543		Aspen Insurance Holdings Ltd		504,186
	21,023		Assurant, Inc		761,243
	39,514		Assured Guaranty Ltd		473,378
	27,537		Axis Capital Holdings Ltd		904,866
	1,950		Baldwin & Lyons, Inc (Class B)		45,299
	442,427	*	Berkshire Hathaway, Inc (Class B)		37,535,506
	29,652		Brown & Brown, Inc		748,416
	67,455		Chubb Corp		4,903,304
	36,959		Cincinnati Financial Corp		1,398,529
	8,883	*,e	Citizens, Inc (Class A)		91,850
	6,264		CNA Financial Corp		163,553
	52,255		Conseco, Inc		433,194
	6,044		Crawford & Co (Class B)		24,418
	1,472		Donegal Group, Inc (Class A)		19,725
	1,559		Eastern Insurance Holdings, Inc		24,726
	5,014	*	eHealth, Inc		92,107
	1,078		EMC Insurance Group, Inc		21,797
	9,060		Employers Holdings, Inc		161,993
	10,638		Endurance Specialty Holdings Ltd		368,819

112

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,087	*	Enstar Group Ltd	$	195,093
	6,654		Erie Indemnity Co (Class A)		474,364
	12,962		Everest Re Group Ltd		1,318,235
	3,011		FBL Financial Group, Inc (Class A)		93,190
	55,598		Fidelity National Title Group, Inc (Class A)		1,035,235
	26,026		First American Financial Corp		476,796
	12,292		Flagstone Reinsurance Holdings Ltd		85,798
	1,842	*	Fortegra Financial Corp		14,589
	126,801	*	Genworth Financial, Inc (Class A)		639,077
	6,571	*	Greenlight Capital Re Ltd (Class A)		154,813
	2,830	*	Hallmark Financial Services		23,348
	11,091		Hanover Insurance Group, Inc		388,961
	107,635		Hartford Financial Services Group, Inc		1,770,596
	26,710		HCC Insurance Holdings, Inc		818,394
	9,341	*	Hilltop Holdings, Inc		98,174
	1,848		Homeowners Choice, Inc		33,504
	9,364		Horace Mann Educators Corp		163,308
	1,201	e	Independence Holding Co		11,337
	2,899		Infinity Property & Casualty Corp		167,591
	277		Investors Title Co		14,822
	997	e	Kansas City Life Insurance Co		34,626
	11,724		Kemper Corp		383,609
	70,031		Lincoln National Corp		1,404,122
	76,629		Loews Corp		3,033,742
	11,850		Maiden Holdings Ltd		100,607
	2,400	*	Markel Corp		1,036,944
	135,699		Marsh & McLennan Cos, Inc		4,506,564
	21,274		Max Capital Group Ltd		495,046
	34,859	*,e	MBIA, Inc		332,903
	12,504		Meadowbrook Insurance Group, Inc		88,028
	6,284		Mercury General Corp		227,606
	212,027		Metlife, Inc		6,524,071
	14,659		Montpelier Re Holdings Ltd		296,991
	10,354	*	National Financial Partners Corp		153,757
	1,609		National Interstate Corp		42,140
	610		National Western Life Insurance Co (Class A)		86,370
	2,726	*	Navigators Group, Inc		132,020
	63,569		Old Republic International Corp		512,366
	6,282		OneBeacon Insurance Group Ltd (Class A)		79,719
	16,055		PartnerRe Ltd		1,163,024
	27,285	*	Phoenix Cos, Inc		44,475
	8,759		Platinum Underwriters Holdings Ltd		333,017
	5,073		Presidential Life Corp		70,464
	11,505		Primerica, Inc		314,892
	74,708		Principal Financial Group		1,911,778
	7,818		ProAssurance Corp		700,258
	151,802		Progressive Corp		2,996,571
	20,166		Protective Life Corp		562,833
	116,326		Prudential Financial, Inc		5,616,219
	18,421		Reinsurance Group of America, Inc (Class A)		1,025,497
	12,852		RenaissanceRe Holdings Ltd		950,919
	5,190		RLI Corp		334,288

113

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,977		Safety Insurance Group, Inc	$	126,165
	4,686		SeaBright Insurance Holdings, Inc		39,503
	13,497		Selective Insurance Group, Inc		232,958
	10,626		Stancorp Financial Group, Inc		316,230
	3,426		State Auto Financial Corp		44,435
	4,269		Stewart Information Services Corp		72,872
	19,152		Symetra Financial Corp		222,738
	24,757		Torchmark Corp		1,231,661
	8,645		Tower Group, Inc		161,143
	95,527		Travelers Cos, Inc		5,984,767
	3,168	*	United America Indemnity Ltd		60,889
	5,042		United Fire & Casualty Co		98,823
	4,395		Universal Insurance Holdings, Inc		14,064
	70,188		UnumProvident Corp		1,325,851
	24,377		Validus Holdings Ltd		792,984
	28,262		W.R. Berkley Corp		1,035,237
	1,463		White Mountains Insurance Group Ltd		746,993
	75,295		XL Capital Ltd		1,554,842
			TOTAL INSURANCE		136,702,369
MATERIALS - 3.8%
	7,232		A. Schulman, Inc		158,092
	3,472	*	ADA-ES, Inc		78,676
	1,000	*	AEP Industries, Inc		46,980
	52,116		Air Products & Chemicals, Inc		4,191,690
	16,876		Airgas, Inc		1,338,604
	29,048	e	AK Steel Holding Corp		154,535
	21,872		Albemarle Corp		1,273,388
	261,746		Alcoa, Inc		2,216,989
	26,232		Allegheny Technologies, Inc		787,747
	22,375	*	Allied Nevada Gold Corp		578,394
	6,146		AMCOL International Corp		188,682
	7,698		American Vanguard Corp		180,056
	16,411		Aptargroup, Inc		820,714
	4,902	*,e	Arabian American Development Co		46,569
	19,239		Ashland, Inc		1,354,233
	8,003		Balchem Corp		266,740
	38,978		Ball Corp		1,619,926
	25,269		Bemis Co, Inc		777,022
	23,750		Boise, Inc		175,750
	4,789		Brush Engineered Materials, Inc		94,008
	9,383		Buckeye Technologies, Inc		282,616
	15,418		Cabot Corp		601,302
	13,261	*	Calgon Carbon Corp		183,532
	10,919		Carpenter Technology Corp		522,583
	3,922	*,e	Castle (A.M.) & Co		28,591
	37,831		Celanese Corp (Series A)		1,442,496
	14,025	*	Century Aluminum Co		85,693
	16,280		CF Industries Holdings, Inc		3,186,973
	1,501	e	Chase Corp		23,205
	24,208	*	Chemtura		327,292
	5,408	*	Clearwater Paper Corp		190,578

114

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	35,018		Cleveland-Cliffs, Inc	$	1,431,886
	21,172	*	Coeur d’Alene Mines Corp		345,315
	27,192		Commercial Metals Co		350,505
	8,137		Compass Minerals International, Inc		588,631
	37,679	*	Crown Holdings, Inc		1,352,676
	11,293		Cytec Industries, Inc		695,197
	2,532		Deltic Timber Corp		156,503
	8,853		Domtar Corp		653,882
	293,151		Dow Chemical Co		8,436,886
	230,064		Du Pont (E.I.) de Nemours & Co		11,434,182
	11,142		Eagle Materials, Inc		387,185
	37,496		Eastman Chemical Co		1,960,291
	63,822		Ecolab, Inc		4,177,150
	28,339	*	Ferro Corp		87,001
	14,085	*	Flotek Industries, Inc		137,610
	33,672		FMC Corp		1,841,858
	233,059		Freeport-McMoRan Copper & Gold, Inc (Class B)		7,847,096
	4,378		FutureFuel Corp		42,598
	25,635	*,e	General Moly, Inc		76,392
	9,748		Georgia Gulf Corp		319,539
	10,803		Glatfelter		171,876
	14,801		Globe Specialty Metals, Inc		185,457
	21,549	*	Gold Reserve, Inc		71,974
	6,678	e	Gold Resource Corp		119,737
	13,406	*,e	Golden Minerals Co		56,573
	72,496	*,e	Golden Star Resources Ltd		85,545
	41,620	*	Graphic Packaging Holding Co		233,072
	7,966		Greif, Inc (Class A)		344,609
	2,109	*	GSE Holding, Inc		21,891
	12,235		H.B. Fuller Co		357,507
	2,782		Hawkins, Inc		105,827
	2,860		Haynes International, Inc		137,823
	31,085	*	Headwaters, Inc		194,281
	72,641	e	Hecla Mining Co		326,885
	10,659	*	Horsehead Holding Corp		96,251
	47,997		Huntsman Corp		607,162
	5,620		Innophos Holdings, Inc		325,791
	5,558	*	Innospec, Inc		172,965
	19,802		International Flavors & Fragrances, Inc		1,103,763
	106,722		International Paper Co		3,501,548
	12,939	*	Intrepid Potash, Inc		301,996
	4,742		Kaiser Aluminum Corp		258,629
	9,168	*	Kapstone Paper and Packaging Corp		154,114
	1,678		KMG Chemicals, Inc		30,003
	4,832		Koppers Holdings, Inc		159,166
	8,842	*	Kraton Polymers LLC		207,080
	5,176	e	Kronos Worldwide, Inc		87,578
	6,187	*	Landec Corp		49,434
	33,046	*	Louisiana-Pacific Corp		341,035
	4,323	*	LSB Industries, Inc		138,898
	79,659		LyondellBasell Industries AF S.C.A		3,547,215
	11,032	e	Martin Marietta Materials, Inc		828,944

115

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	58,043	*,e	McEwen Mining, Inc	$	173,549
	41,785		MeadWestvaco Corp		1,186,693
	2,723	*	Metals USA Holdings Corp		44,303
	48,541	*,e	Midway Gold Corp		60,191
	4,290		Minerals Technologies, Inc		274,303
	17,054	*,e	Molycorp, Inc		297,081
	131,358		Monsanto Co		11,246,873
	72,554		Mosaic Co		4,216,113
	8,321		Myers Industries, Inc		136,797
	3,503		Neenah Paper, Inc		94,091
	2,151		NewMarket Corp		494,472
	120,027		Newmont Mining Corp		5,337,600
	8,108		Noranda Aluminium Holding Corp		50,513
	77,855		Nucor Corp		3,051,916
	18,742		Olin Corp		379,338
	2,144		Olympic Steel, Inc		33,554
	7,284	*	OM Group, Inc		114,359
	14,796	*	Omnova Solutions, Inc		107,715
	40,551	*	Owens-Illinois, Inc		748,166
	24,067		Packaging Corp of America		741,023
	42,687	*,e	Paramount Gold and Silver Corp		96,899
	21,957		PolyOne Corp		323,427
	37,398		PPG Industries, Inc		4,093,585
	73,901		Praxair, Inc		7,667,968
	3,708		Quaker Chemical Corp		164,153
	18,309		Reliance Steel & Aluminum Co		942,547
	19,570	*,e	Resolute Forest Products		179,653
	5,877	*	Revett Minerals, Inc		18,630
	17,533		Rock-Tenn Co (Class A)		1,020,771
	17,035		Rockwood Holdings, Inc		753,288
	14,485		Royal Gold, Inc		1,096,225
	32,226		RPM International, Inc		853,989
	7,125	*	RTI International Metals, Inc		159,956
	6,238		Schnitzer Steel Industries, Inc (Class A)		179,093
	4,709		Schweitzer-Mauduit International, Inc		320,683
	10,333	e	Scotts Miracle-Gro Co (Class A)		412,287
	48,271		Sealed Air Corp		781,990
	12,413		Sensient Technologies Corp		440,041
	21,684		Sherwin-Williams Co		2,913,245
	29,826		Sigma-Aldrich Corp		2,063,959
	12,623		Silgan Holdings, Inc		520,194
	24,885		Sonoco Products Co		754,264
	39,994		Southern Copper Corp (NY)		1,291,006
	11,498	*	Spartech Corp		58,525
	52,283		Steel Dynamics, Inc		673,928
	2,073		Stepan Co		183,792
	29,285	*	Stillwater Mining Co		260,051
	16,699	*	SunCoke Energy, Inc		267,184
	21,707	*	Tahoe Resources, Inc		330,381
	5,357		Texas Industries, Inc		223,762
	3,112	*	Texas Petrochemicals, Inc		119,812
	20,234		Titanium Metals Corp		235,928

116

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,601		Tredegar Corp	$	82,951
	1,316	*	UFP Technologies, Inc		21,543
	580	*	United States Lime & Minerals, Inc		26,442
	37,012	e	United States Steel Corp		764,298
	1,668	*	Universal Stainless & Alloy		56,912
	13,368	*,e	US Antimony Corp		37,698
	2,800	*	US Silica Holdings Inc		28,980
	22,868		Valspar Corp		1,147,974
	16,706	*,e	Vista Gold Corp		50,452
	31,305		Vulcan Materials Co		1,212,756
	16,208		Walter Energy, Inc		555,934
	11,542		Wausau Paper Corp		97,992
	4,709	e	Westlake Chemical Corp		279,526
	1,369	*	WHX Corp		18,331
	13,557		Worthington Industries, Inc		294,187
	18,149	*	WR Grace & Co		1,017,070
	5,140		Zep, Inc		78,436
	6,518	*,e	Zoltek Cos, Inc		54,360
			TOTAL MATERIALS		143,886,376
MEDIA - 3.4%
	14,015	*	AMC Networks, Inc		607,690
	6,367		Arbitron, Inc		223,291
	21,773		Belo (A.H.) Corp (Class A)		149,145
	49,343		Cablevision Systems Corp (Class A)		756,922
	4,304	*	Carmike Cinemas, Inc		59,826
	161,525		CBS Corp (Class B)		5,404,627
	17,089	*,e	Central European Media Enterprises Ltd (Class A) Nasdaq		86,129
	11,951	*	Charter Communications, Inc		919,271
	28,612		Cinemark Holdings, Inc		668,949
	9,598		Clear Channel Outdoor Holdings, Inc (Class A)		48,566
	667,195		Comcast Corp (Class A)		21,717,196
	9,087	*,e	Crown Media Holdings, Inc (Class A)		17,720
	13,405	*,e	Cumulus Media, Inc (Class A)		33,781
	248	*,e	Daily Journal Corp		23,510
	2,710	*,e	Digital Domain Media Group, Inc		11,490
	6,433	*,e	Digital Generation, Inc		68,576
	162,805	*	DIRECTV		8,084,896
	63,354	*	Discovery Communications, Inc (Class A)		3,207,613
	50,107		DISH Network Corp (Class A)		1,541,291
	16,769	*,e	DreamWorks Animation SKG, Inc (Class A)		321,965
	5,676	*,e	Entercom Communications Corp (Class A)		30,877
	11,782	e	Entravision Communications Corp (Class A)		14,610
	8,005	*	EW Scripps Co (Class A)		74,366
	2,062	*	Fisher Communications, Inc		65,902
	56,908		Gannett Co, Inc		802,972
	4,516	*	Global Sources Ltd		27,096
	10,393		Harte-Hanks, Inc		65,476
	108,913		Interpublic Group of Cos, Inc		1,074,971
	12,244		John Wiley & Sons, Inc (Class A)		583,427
	10,126	*	Journal Communications, Inc (Class A)		56,098
	18,950	*,e	Lamar Advertising Co (Class A)		575,133

117

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	64,423	*	Liberty Global, Inc (Class A)	$	3,400,246
	26,967	*	Liberty Interactive LLC		2,551,078
	16,049	*	Lin TV Corp (Class A)		57,616
	21,041	*,e	Lions Gate Entertainment Corp		283,001
	33,174	*	Live Nation, Inc		295,912
	15,574	*	Madison Square Garden, Inc		564,558
	6,382	e	Martha Stewart Living Omnimedia, Inc (Class A)		20,742
	30,665	*,e	McClatchy Co (Class A)		49,371
	69,577		McGraw-Hill Cos, Inc		3,267,336
	5,869	e	MDC Partners, Inc		55,227
	8,573	e	Meredith Corp		283,252
	5,711		Morningstar, Inc		331,638
	12,936		National CineMedia, Inc		182,915
	32,328	*	New York Times Co (Class A)		250,542
	520,735		News Corp (Class A)		11,987,319
	2,568	*	Nexstar Broadcasting Group, Inc (Class A)		16,743
	67,636		Omnicom Group, Inc		3,393,974
	3,367		Outdoor Channel Holdings, Inc		23,367
	25,070	*,e	Pandora Media, Inc		247,441
	2,338	*,e	ReachLocal, Inc		27,401
	3,979	*	Reading International, Inc		19,656
	19,142	e	Regal Entertainment Group (Class A)		264,542
	2,226	*	Rentrak Corp		41,671
	843	*	Saga Communications, Inc		28,578
	2,596		Salem Communications		12,694
	6,228	e	Scholastic Corp		187,650
	20,827		Scripps Networks Interactive (Class A)		1,121,534
	11,833		Sinclair Broadcast Group, Inc (Class A)		120,697
	950,235	*,e	Sirius XM Radio, Inc		2,052,508
	92,070		Thomson Corp		2,606,502
	77,725		Time Warner Cable, Inc		6,601,184
	238,865		Time Warner, Inc		9,344,398
	10,976	*,e	Valassis Communications, Inc		247,509
	131,210		Viacom, Inc (Class B)		6,128,819
	68,552	e	Virgin Media, Inc		1,876,954
	444,492		Walt Disney Co		21,842,336
	1,045	e	Washington Post Co (Class B)		353,733
	6,397	e	World Wrestling Entertainment, Inc (Class A)		49,577
			TOTAL MEDIA		127,513,603
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	391,151		Abbott Laboratories		25,937,223
	11,124	*,e	Achillion Pharmaceuticals, Inc		73,641
	9,830	*	Acorda Therapeutics, Inc		236,608
	5,323	*	Aegerion Pharmaceuticals, Inc		80,803
	8,304	*,e	Affymax, Inc		134,774
	16,564	*,e	Affymetrix, Inc		69,403
	5,597	*	Agenus, Inc		27,034
	86,560		Agilent Technologies, Inc		3,314,382
	13,175	*	Akorn, Inc		180,102
	47,747	*	Alexion Pharmaceuticals, Inc		5,006,273
	30,078	*	Alkermes PLC		559,150

118

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	75,466		Allergan, Inc	$	6,193,495
	18,482	*	Allos Therapeutics, Inc		32,713
	13,025	*,e	Alnylam Pharmaceuticals, Inc		243,437
	4,963	*	AMAG Pharmaceuticals, Inc		76,827
	193,299		Amgen, Inc		15,966,498
	7,347	*,e	Amicus Therapeutics, Inc		36,221
	4,644	*,e	Ampio Pharmaceuticals, Inc		14,164
	40,571	*	Amylin Pharmaceuticals, Inc		1,249,181
	1,843	*,e	Anacor Pharmaceuticals, Inc		10,874
	50,755	*,e	Arena Pharmaceuticals, Inc		424,312
	40,680	*	Ariad Pharmaceuticals, Inc		778,208
	12,513	*	Arqule, Inc		75,704
	21,712	*	Array Biopharma, Inc		111,600
	23,452	*	Astex Pharmaceuticals		58,161
	11,814	*	Auxilium Pharmaceuticals, Inc		318,269
	33,558	*,e	AVANIR Pharmaceuticals, Inc		95,976
	9,452	*,e	AVEO Pharmaceuticals, Inc		123,821
	2,651	*	BG Medicine, Inc		17,709
	12,459	*,e	BioCryst Pharmaceuticals, Inc		55,318
	4,894	*,e	BioDelivery Sciences International, Inc		23,198
	59,708	*	Biogen Idec, Inc		8,707,218
	29,975	*	BioMarin Pharmaceuticals, Inc		1,177,718
	5,130	*	Bio-Rad Laboratories, Inc (Class A)		493,557
	1,162	*	Biospecifics Technologies Corp		20,997
	5,788	*,e	Biotime, Inc		22,342
	420,117		Bristol-Myers Squibb Co		14,956,165
	22,808	*	Bruker BioSciences Corp		269,591
	15,281	*,e	Cadence Pharmaceuticals, Inc		64,791
	6,895	*	Cambrex Corp		63,641
	109,496	*	Celgene Corp		7,496,096
	14,655	*,e	Celldex Therapeutics, Inc		75,766
	16,144	*	Cepheid, Inc		517,254
	12,183	*	Charles River Laboratories International, Inc		414,587
	1,449	*,e	ChemoCentryx, Inc		20,996
	3,380	*,e	Clovis Oncology, Inc		59,792
	5,750	*,e	Codexis, Inc		17,710
	9,625	*,e	Corcept Therapeutics, Inc		34,843
	2,479	*	Cornerstone Therapeutics, Inc		19,088
	3,292	*,e	Coronado Biosciences, Inc		19,554
	14,275	*	Covance, Inc		670,069
	15,443	*	Cubist Pharmaceuticals, Inc		664,976
	2,875	*,e	Cumberland Pharmaceuticals, Inc		17,538
	18,447	*,e	Curis, Inc		89,283
	11,358	*,e	Cytori Therapeutics, Inc		29,758
	37,920	*,e	Dendreon Corp		180,499
	12,604	*	Depomed, Inc		69,574
	11,152	*,e	Discovery Laboratories, Inc		28,215
	5,730	*,e	Dusa Pharmaceuticals, Inc		31,343
	23,135	*	Dyax Corp		61,308
	44,036	*,e	Dynavax Technologies Corp		169,979
	254,840		Eli Lilly & Co		11,220,605
	5,722	*	Emergent Biosolutions, Inc		83,598

119

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,806	*	Endo Pharmaceuticals Holdings, Inc	$	856,402
	7,321	*,e	Endocyte, Inc		56,298
	8,826	*	Enzon Pharmaceuticals, Inc		58,516
	13,881	*	Exact Sciences Corp		142,280
	38,867	*,e	Exelixis, Inc		242,919
	5,000	*,e	Fluidigm Corp		65,050
	66,108	*	Forest Laboratories, Inc		2,217,923
	2,310	*	Furiex Pharmaceuticals Inc		44,398
	3,862	*	Genomic Health, Inc		129,647
	30,285	*,e	Geron Corp		52,090
	188,225	*	Gilead Sciences, Inc		10,226,264
	2,050	*	Golf Trust Of America, Inc		15,621
	5,129	*	GTx, Inc		18,054
	23,145	*	Halozyme Therapeutics, Inc		208,768
	5,395	*	Harvard Bioscience, Inc		19,962
	2,434	*	Hi-Tech Pharmacal Co, Inc		83,632
	5,423	*,e	Horizon Pharma, Inc		30,965
	40,776	*	Hospira, Inc		1,416,966
	18,460	*,e	Idenix Pharmaceuticals, Inc		187,000
	30,326	*,e	Illumina, Inc		1,257,619
	9,920	*,e	ImmunoCellular Therapeutics Ltd		31,248
	18,897	*,e	Immunogen, Inc		304,998
	15,419	*,e	Immunomedics, Inc		53,350
	16,520	*	Impax Laboratories, Inc		367,074
	23,277	*,e	Incyte Corp		581,692
	4,472	*,e	Infinity Pharmaceuticals, Inc		78,081
	15,961	*,e	InterMune, Inc		140,936
	18,492	*	Ironwood Pharmaceuticals, Inc		237,992
	24,712	*,e	Isis Pharmaceuticals, Inc		299,509
	10,163	*	Jazz Pharmaceuticals plc		488,535
	682,778		Johnson & Johnson		47,261,894
	16,237	*,e	Keryx Biopharmaceuticals, Inc		29,551
	3,807	*	Lannett Co, Inc		18,007
	48,679	*,e	Lexicon Pharmaceuticals, Inc		117,803
	44,374	*	Life Technologies Corp		1,947,131
	4,604	*	Ligand Pharmaceuticals, Inc (Class B)		89,087
	11,427	*	Luminex Corp		195,745
	27,850	*,e	MannKind Corp		66,283
	6,047	*,e	MAP Pharmaceuticals, Inc		85,323
	7,076		Maxygen, Inc		42,668
	13,538	*	Medicines Co		338,992
	14,556		Medicis Pharmaceutical Corp (Class A)		479,184
	9,022	*	Medivation, Inc		899,493
	1,766		Medtox Scientific, Inc		47,682
	755,459		Merck & Co, Inc		33,368,624
	3,639	*,e	Merrimack Pharmaceuticals, Inc		29,003
	8,069	*	Mettler-Toledo International, Inc		1,249,081
	10,837	*	Momenta Pharmaceuticals, Inc		154,102
	105,196	*	Mylan Laboratories, Inc		2,422,664
	22,199	*	Myriad Genetics, Inc		551,645
	26,766	*,e	Nektar Therapeutics		228,046

120

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	16,456	*	Neurocrine Biosciences, Inc	$	125,066
	3,180	*,e	NewLink Genetics Corp		37,778
	2,963	*	Novacea, Inc		18,045
	22,537	*,e	Novavax, Inc		50,258
	20,182	*	NPS Pharmaceuticals, Inc		155,603
	4,340	*	Obagi Medical Products, Inc		66,576
	5,619	*	Omeros Corp		53,100
	3,581	*,e	OncoGenex Pharmaceutical, Inc		49,991
	13,920	*,e	Oncothyreon, Inc		58,882
	15,798	*	Onyx Pharmaceuticals, Inc		1,184,376
	25,621	*,e	Opko Health, Inc		108,633
	10,912	*,e	Optimer Pharmaceuticals, Inc		149,058
	15,098	*,e	Orexigen Therapeutics, Inc		74,433
	3,907	*,e	Osiris Therapeutics, Inc		34,069
	7,959	*	Pacific Biosciences of California, Inc		14,406
	4,625	*,e	Pacira Pharmaceuticals, Inc		70,809
	8,644		Pain Therapeutics, Inc		31,810
	9,045	*	Par Pharmaceutical Cos, Inc		451,888
	14,741	*	Parexel International Corp		405,672
	34,631	e	PDL BioPharma, Inc		235,144
	28,352		PerkinElmer, Inc		724,394
	22,650		Perrigo Co		2,582,553
	1,861,778		Pfizer, Inc		44,757,144
	13,547	*,e	Pharmacyclics, Inc		720,836
	6,396	*	Pozen, Inc		40,359
	6,880	*	Progenics Pharmaceuticals, Inc		35,845
	58,030	*,e	Qiagen N.V. (NASDAQ)		1,021,908
	13,215	*,e	Questcor Pharmaceuticals, Inc		487,237
	11,043	*,e	Raptor Pharmaceutical Corp		54,994
	19,204	*	Regeneron Pharmaceuticals, Inc		2,585,819
	7,545	*	Repligen Corp		30,331
	3,608	*,e	Repros Therapeutics, Inc		32,797
	17,367	*	Rigel Pharmaceuticals, Inc		189,995
	2,355	*,e	Sagent Pharmaceuticals		45,923
	14,956	*	Salix Pharmaceuticals Ltd		670,328
	12,283	*,e	Sangamo Biosciences, Inc		64,609
	13,687	*	Santarus, Inc		99,504
	13,839	*	Sciclone Pharmaceuticals, Inc		79,574
	23,329	*,e	Seattle Genetics, Inc		610,287
	34,977	*,e	Sequenom, Inc		98,285
	8,078	*,e	SIGA Technologies, Inc		23,507
	14,765	*	Spectrum Pharmaceuticals, Inc		206,562
	1,460	*	Sucampo Pharmaceuticals, Inc (Class A)		5,898
	6,892	*,e	Sunesis Pharmaceuticals, Inc		20,469
	2,251	*,e	Synageva BioPharma Corp		112,685
	10,122	*	Synergy Pharmaceuticals, Inc		41,399
	9,200	*,e	Synta Pharmaceuticals Corp		67,620
	6,461	*	Targacept, Inc		27,912
	9,452		Techne Corp		652,944
	15,628	*,e	Theravance, Inc		455,244
	91,371		Thermo Electron Corp		5,086,624
	11,249	*	Threshold Pharmaceuticals, Inc		78,068

121

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,100	*,m	Trius Therapeutics, Inc	$	33,611
	12,433	*	United Therapeutics Corp		681,080
	6,590	*	Vanda Pharmaceuticals, Inc		26,558
	10,629	*,e	Ventrus Biosciences, Inc		38,902
	1,409	*,e	Verastem, Inc		13,160
	52,488	*	Vertex Pharmaceuticals, Inc		2,546,193
	16,827	*,e	Vical, Inc		58,221
	16,613	*	Viropharma, Inc		360,668
	24,480	*,e	Vivus, Inc		514,814
	42,199		Warner Chilcott plc		717,383
	22,140	*	Waters Corp		1,715,407
	31,414	*	Watson Pharmaceuticals, Inc		2,444,952
	8,295	*	Xenoport, Inc		65,365
	16,478	*,e	XOMA Corp		59,815
	16,245	*,e	ZIOPHARM Oncology, Inc		91,459
	9,477	*,e	Zogenix, Inc		20,849
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		293,305,015
REAL ESTATE - 3.8%
	10,720		Acadia Realty Trust		256,637
	3,817		AG Mortgage Investment Trust		86,150
	3,718		Agree Realty Corp		87,485
	10,684	*	Alexander & Baldwin, Inc		342,315
	610		Alexander’s, Inc		260,635
	15,250		Alexandria Real Estate Equities, Inc		1,120,570
	114,572		AMB Property Corp		3,704,113
	8,112		American Assets Trust,Inc		210,912
	22,786		American Campus Communities, Inc		1,085,981
	84,722		American Capital Agency Corp		2,977,131
	10,088		American Capital Mortgage, Inc		247,660
	35,871	*	American Realty Capital Trust, Inc		395,298
	98,236		American Tower Corp		7,103,444
	233,633		Annaly Capital Management, Inc		4,072,223
	33,504		Anworth Mortgage Asset Corp		222,467
	32,660		Apartment Investment & Management Co (Class A)		895,864
	4,820		Apollo Commercial Real Estate Finance, Inc		80,494
	1,911		Ares Commercial Real Estate Corp		31,990
	58,096	*	ARMOUR Residential REIT, Inc		445,015
	16,218		Ashford Hospitality Trust, Inc		123,743
	12,281		Associated Estates Realty Corp		183,355
	2,556	*	AV Homes, Inc		31,643
	23,723		AvalonBay Communities, Inc		3,489,416
	37,934		BioMed Realty Trust, Inc		713,159
	37,268		Boston Properties, Inc		4,133,021
	35,169		Brandywine Realty Trust		417,808
	18,857		BRE Properties, Inc (Class A)		993,387
	19,980		Camden Property Trust		1,424,774
	7,180		Campus Crest Communities, Inc		78,693
	15,966		Capital Lease Funding, Inc		72,645
	23,711		Capstead Mortgage Corp		333,851
	36,388		CBL & Associates Properties, Inc		717,935
	81,697	*	CBRE Group, Inc		1,272,839

122

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,577		Cedar Shopping Centers, Inc	$	64,772
	5,040		Chatham Lodging Trust		69,300
	7,550		Chesapeake Lodging Trust		128,124
	255,616		Chimera Investment Corp		552,131
	22,350		Colonial Properties Trust		506,228
	7,733		Colony Financial, Inc		141,901
	980	e	Consolidated-Tomoka Land Co		27,577
	4,660		Coresite Realty		124,236
	17,728		Corporate Office Properties Trust		394,625
	21,421		Cousins Properties, Inc		162,585
	19,474		CreXus Investment Corp		204,088
	29,224		CubeSmart		350,396
	41,328		CYS Investments, Inc		597,603
	60,359		DCT Industrial Trust, Inc		377,847
	55,014		DDR Corp		827,411
	41,089		DiamondRock Hospitality Co		388,702
	30,245		Digital Realty Trust, Inc		2,361,227
	34,245		Douglas Emmett, Inc		805,100
	66,379		Duke Realty Corp		959,840
	14,160		DuPont Fabros Technology, Inc		380,904
	16,349		Dynex Capital, Inc		169,866
	7,588		EastGroup Properties, Inc		405,806
	23,322		Education Realty Trust, Inc		273,334
	11,514		Entertainment Properties Trust		519,972
	10,126		Equity Lifestyle Properties, Inc		728,262
	13,398		Equity One, Inc		290,603
	74,807		Equity Residential		4,736,031
	8,869		Essex Property Trust, Inc		1,395,626
	8,192		Excel Trust, Inc		100,270
	25,305		Extra Space Storage, Inc		828,486
	15,789		Federal Realty Investment Trust		1,715,633
	38,369	*	FelCor Lodging Trust, Inc		185,706
	21,819	*	First Industrial Realty Trust, Inc		277,974
	11,748		First Potomac Realty Trust		136,159
	34,720	*	Forest City Enterprises, Inc (Class A)		489,899
	8,319	*	Forestar Real Estate Group, Inc		94,670
	16,561		Franklin Street Properties Corp		171,738
	131,420		General Growth Properties, Inc		2,381,330
	6,063		Getty Realty Corp		112,651
	2,559		Gladstone Commercial Corp		44,245
	33,753		Glimcher Realty Trust		338,205
	10,350		Government Properties Income Trust		237,015
	11,152	*	Gramercy Capital Corp		26,430
	293	*	Gyrodyne Co of America, Inc		33,399
	24,627		Hatteras Financial Corp		720,340
	103,563		HCP, Inc		4,889,208
	52,608		Health Care REIT, Inc		3,273,796
	18,805		Healthcare Realty Trust, Inc		461,851
	42,308		Hersha Hospitality Trust		205,617
	18,164		Highwoods Properties, Inc		615,215
	12,295		Home Properties, Inc		806,675
	29,008		Hospitality Properties Trust		704,024

123

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	179,281		Host Marriott Corp	$	2,631,845
	6,721	*	Howard Hughes Corp		414,215
	19,656		HRPT Properties Trust		358,525
	8,954		Hudson Pacific Properties		159,202
	18,104		Inland Real Estate Corp		144,470
	28,414		Invesco Mortgage Capital, Inc		562,313
	20,932		Investors Real Estate Trust		170,805
	29,004	*	iStar Financial, Inc		194,907
	10,882		Jones Lang LaSalle, Inc		725,721
	9,276	e	Kennedy-Wilson Holdings, Inc		126,896
	16,808		Kilroy Realty Corp		795,691
	99,957		Kimco Realty Corp		1,948,162
	13,065		Kite Realty Group Trust		65,717
	20,856		LaSalle Hotel Properties		547,679
	28,174		Lexington Corporate Properties Trust		251,876
	25,398		Liberty Property Trust		921,693
	8,672		LTC Properties, Inc		309,590
	32,272		Macerich Co		1,885,008
	21,617		Mack-Cali Realty Corp		579,119
	32,327		Medical Properties Trust, Inc		318,421
	87,623		MFA Mortgage Investments, Inc		707,994
	9,945		Mid-America Apartment Communities, Inc		688,492
	4,152		Mission West Properties, Inc		36,579
	9,974		Monmouth Real Estate Investment Corp (Class A)		111,110
	6,883		National Health Investors, Inc		369,548
	26,306		National Retail Properties, Inc		776,027
	8,544		New York Mortgage Trust, Inc		58,099
	32,871		NorthStar Realty Finance Corp		181,119
	14,092		NRDC Acquisition Corp		171,781
	26,342		Omega Healthcare Investors, Inc		638,530
	2,531		One Liberty Properties, Inc		47,811
	5,153		Parkway Properties, Inc		57,353
	12,885		Pebblebrook Hotel Trust		292,747
	15,196		Pennsylvania Real Estate Investment Trust		218,215
	12,476		Pennymac Mortgage Investment Trust		262,869
	46,069		Piedmont Office Realty Trust, Inc		785,937
	40,168		Plum Creek Timber Co, Inc		1,630,419
	13,295		Post Properties, Inc		686,687
	11,010		Potlatch Corp		381,056
	4,706		PS Business Parks, Inc		318,173
	35,473		Public Storage, Inc		5,283,702
	13,450		RAIT Investment Trust		62,408
	11,351		Ramco-Gershenson Properties		144,612
	31,795		Rayonier, Inc		1,516,304
	32,787		Realty Income Corp		1,350,824
	18,459		Redwood Trust, Inc		237,937
	22,079		Regency Centers Corp		1,056,480
	28,412		Resource Capital Corp		154,845
	21,096		Retail Properties of America, Inc		210,327
	25,898		RLJ Lodging Trust		455,805
	4,971		Rouse Properties, Inc		68,799
	8,652		Sabra Healthcare REIT, Inc		160,235

124

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,230		Saul Centers, Inc	$	134,497
	2,198		Select Income REIT		55,302
	43,864		Senior Housing Properties Trust		997,906
	75,385		Simon Property Group, Inc		12,098,538
	22,315		SL Green Realty Corp		1,757,306
	7,556		Sovran Self Storage, Inc		431,448
	15,296	*,e	St. Joe Co		258,961
	5,980		STAG Industrial, Inc		86,471
	28,497		Starwood Property Trust, Inc		634,343
	46,139	*	Strategic Hotels & Resorts, Inc		279,602
	6,400		Summit Hotel Properties, Inc		53,120
	6,358		Sun Communities, Inc		296,219
	31,271	*	Sunstone Hotel Investors, Inc		313,023
	22,700		Tanger Factory Outlet Centers, Inc		730,940
	14,415		Taubman Centers, Inc		1,117,451
	3,339	*	Tejon Ranch Co		86,781
	3,348		Terreno Realty Corp		49,919
	7,845		Thomas Properties Group, Inc		39,539
	69,292		Two Harbors Investment Corp		794,779
	61,647		UDR, Inc		1,640,427
	2,691		UMH Properties, Inc		30,085
	4,039		Universal Health Realty Income Trust		175,858
	5,402		Urstadt Biddle Properties, Inc (Class A)		102,584
	71,893		Ventas, Inc		4,834,803
	46,181		Vornado Realty Trust		3,856,114
	17,567		Washington Real Estate Investment Trust		469,039
	29,704		Weingarten Realty Investors		798,444
	1,921	*	Western Asset Mortgage Capital Corp		39,227
	133,393		Weyerhaeuser Co		3,114,727
	1,756		Whitestone REIT		23,969
	6,736		Winthrop Realty Trust		81,910
	960	*,e	Zillow, Inc		36,154
			TOTAL REAL ESTATE		142,061,451
RETAILING - 4.2%
	6,893	*	1-800-FLOWERS.COM, Inc (Class A)		24,194
	18,790		Aaron’s, Inc		551,111
	21,123		Abercrombie & Fitch Co (Class A)		713,957
	18,364		Advance Auto Parts, Inc		1,288,235
	20,375	*	Aeropostale, Inc		401,795
	89,965	*	Amazon.com, Inc		20,988,834
	48,052		American Eagle Outfitters, Inc		1,000,443
	2,005	*	America’s Car-Mart, Inc		91,989
	12,377	*	Ann Taylor Stores Corp		335,169
	6,877	*	Asbury Automotive Group, Inc		179,902
	30,227	*	Ascena Retail Group, Inc		554,363
	7,546	*	Audiovox Corp (Class A)		56,520
	8,641	*,e	Autonation, Inc		340,715
	9,455	*	Autozone, Inc		3,547,800
	6,887	*,e	Barnes & Noble, Inc		91,390
	9,114		Bebe Stores, Inc		54,684
	57,820	*	Bed Bath & Beyond, Inc		3,524,129

125

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	66,945		Best Buy Co, Inc	$	1,211,035
	5,150		Big 5 Sporting Goods Corp		38,831
	16,266	*	Big Lots, Inc		658,936
	3,014	*,e	Blue Nile, Inc		77,400
	5,620	*	Body Central Corp		58,111
	6,980	e	Bon-Ton Stores, Inc		46,068
	11,537	e	Brown Shoe Co, Inc		158,749
	6,792	e	Buckle, Inc		262,647
	11,326	*	Cabela’s, Inc		520,316
	1,229	*,e	CafePress, Inc		9,943
	56,841	*	Carmax, Inc		1,581,885
	9,877	*	Casual Male Retail Group, Inc		37,533
	6,493		Cato Corp (Class A)		181,804
	41,552		Chico’s FAS, Inc		636,577
	6,000	*	Children’s Place Retail Stores, Inc		304,800
	3,508	*	Citi Trends, Inc		52,725
	14,593	*	Collective Brands, Inc		314,041
	3,394	*,e	Conn’s, Inc		60,583
	2,665		Core-Mark Holding Co, Inc		128,693
	3,355		Destination Maternity Corp		60,021
	22,784		Dick’s Sporting Goods, Inc		1,119,150
	7,228		Dillard’s, Inc (Class A)		471,482
	46,152	*	Dollar General Corp		2,354,214
	56,998	*	Dollar Tree, Inc		2,869,279
	8,066		DSW, Inc (Class A)		476,862
	21,478		Expedia, Inc		1,224,031
	21,937		Express Parent LLC		353,186
	24,142		Family Dollar Stores, Inc		1,595,303
	12,187		Finish Line, Inc (Class A)		254,465
	37,247		Foot Locker, Inc		1,229,896
	8,558	*,e	Francesca’s Holdings Corp		268,807
	9,226		Fred’s, Inc (Class A)		131,009
	32,532	e	GameStop Corp (Class A)		521,163
	74,330		Gap, Inc		2,191,992
	6,106	*	Genesco, Inc		404,339
	38,302		Genuine Parts Co		2,452,476
	18,362		GNC Holdings, Inc		707,488
	2,071	*	Gordmans Stores, Inc		35,083
	5,656		Group 1 Automotive, Inc		304,010
	10,178	*,e	Groupon, Inc		67,785
	16,235		Guess?, Inc		488,674
	4,401		Haverty Furniture Cos, Inc		49,643
	4,266	*,e	HHgregg, Inc		29,350
	7,137	*	Hibbett Sports, Inc		433,715
	380,984		Home Depot, Inc		19,879,744
	7,834	*,e	HomeAway, Inc		179,869
	10,516		Hot Topic, Inc		106,843
	9,379		HSN, Inc		397,294
	40,290	e	JC Penney Co, Inc		906,928
	7,401	*	JOS A Bank Clothiers, Inc		312,766
	3,929	*	Kirkland’s, Inc		42,472
	60,721		Kohl’s Corp		3,019,048

126

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	138,867	*	Liberty Media Holding Corp (Interactive A)	$	2,600,979
	60,164		Limited Brands, Inc		2,860,798
	5,205		Lithia Motors, Inc (Class A)		145,011
	36,620	*	LKQ Corp		1,293,785
	294,813		Lowe’s Companies, Inc		7,479,406
	6,782	*,e	Lumber Liquidators, Inc		286,811
	102,951		Macy’s, Inc		3,689,764
	5,451	*	MarineMax, Inc		40,555
	2,697	*,e	Mattress Firm Holding Corp		78,645
	12,131		Men’s Wearhouse, Inc		330,570
	8,449	e	Monro Muffler, Inc		279,408
	13,988	*,e	NetFlix, Inc		795,218
	16,107	*	New York & Co, Inc		73,287
	38,840		Nordstrom, Inc		2,102,798
	6,322	e	Nutri/System, Inc		66,286
	72,870	*	Office Depot, Inc		129,709
	29,784	*	OfficeMax, Inc		133,730
	5,014	*,e	Orbitz Worldwide, Inc		21,761
	409	*	Orchard Supply Hardware Stores Corp		6,855
	31,226	*	O’Reilly Automotive, Inc		2,677,317
	2,214	*,e	Overstock.com, Inc		17,801
	10,523		Penske Auto Group, Inc		251,500
	12,398	e	PEP Boys - Manny Moe & Jack		112,450
	5,079	e	PetMed Express, Inc		49,368
	27,018		Petsmart, Inc		1,786,160
	23,083		Pier 1 Imports, Inc		380,639
	12,227	*	Priceline.com, Inc		8,091,094
	23,618	e	RadioShack Corp		68,728
	14,931		Rent-A-Center, Inc		530,946
	55,601		Ross Stores, Inc		3,694,130
	3,524	*,e	Rue21, Inc		86,831
	27,352	*,e	Saks, Inc		285,281
	37,861	*	Sally Beauty Holdings, Inc		1,000,288
	8,856	*,e	Sears Holdings Corp		438,283
	15,210	*	Select Comfort Corp		395,612
	3,220		Shoe Carnival, Inc		71,484
	8,720	*,e	Shutterfly, Inc		286,278
	21,381		Signet Jewelers Ltd		939,054
	9,491	e	Sonic Automotive, Inc (Class A)		162,486
	1,022	*	Sourceforge, Inc		20,440
	7,327		Stage Stores, Inc		138,773
	170,579		Staples, Inc		2,173,176
	6,446		Stein Mart, Inc		51,246
	2,528	*	Systemax, Inc		31,524
	16,559	*,e	Talbots, Inc		45,372
	162,315		Target Corp		9,844,405
	1,690	*,e	Teavana Holdings, Inc		18,928
	31,671		Tiffany & Co		1,739,688
	2,183	*	Tilly’s, Inc		36,260
	184,402		TJX Companies, Inc		8,165,321
	17,588		Tractor Supply Co		1,598,222
	20,071	*	TripAdvisor, Inc		750,856

127

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,110	*	Tuesday Morning Corp	$	51,157
	15,654		Ulta Salon Cosmetics & Fragrance, Inc		1,328,712
	26,097	*	Urban Outfitters, Inc		797,263
	3,457	*	US Auto Parts Network, Inc		14,692
	5,316	*,e	Vitacost.com, Inc		35,086
	7,144	*	Vitamin Shoppe, Inc		392,348
	3,463	*	West Marine, Inc		35,426
	21,292	*	Wet Seal, Inc (Class A)		58,340
	22,233		Williams-Sonoma, Inc		772,597
	526		Winmark Corp		29,056
	5,396	*	Zumiez, Inc		196,037
			TOTAL RETAILING		157,090,325
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%
	10,217	*	Advanced Energy Industries, Inc		125,873
	154,554	*	Advanced Micro Devices, Inc		627,489
	4,266	*	Alpha & Omega Semiconductor Lt		32,891
	80,262		Altera Corp		2,845,288
	24,888	*,e	Amkor Technology, Inc		132,653
	15,823	*	Anadigics, Inc		20,095
	74,156		Analog Devices, Inc		2,898,016
	318,750		Applied Materials, Inc		3,471,188
	14,876	*,e	Applied Micro Circuits Corp		85,091
	107,596	*	Atmel Corp		630,513
	7,413	*	ATMI, Inc		140,699
	10,916	*	AuthenTec, Inc		91,694
	57,635		Avago Technologies Ltd		2,132,495
	24,877	*	Axcelis Technologies, Inc		21,145
	7,082	*	AXT, Inc		24,716
	135,114		Broadcom Corp (Class A)		4,577,662
	15,515		Brooks Automation, Inc		143,669
	6,475		Cabot Microelectronics Corp		190,365
	12,199	*	Cavium Networks, Inc		329,617
	5,405	*,e	Ceva, Inc		83,994
	17,938	*,e	Cirrus Logic, Inc		659,580
	5,632		Cohu, Inc		48,435
	28,495	*,e	Cree, Inc		682,455
	8,147	*	Cymer, Inc		466,090
	37,284		Cypress Semiconductor Corp		398,566
	8,290	*	Diodes, Inc		157,013
	5,484	*	DSP Group, Inc		31,698
	33,538	*	Entegris, Inc		269,981
	23,422	*	Entropic Communications, Inc		140,532
	8,570	*	Exar Corp		63,418
	31,320	*	Fairchild Semiconductor International, Inc		434,095
	15,355	*,e	First Solar, Inc		238,617
	11,885	*	Formfactor, Inc		72,736
	12,513	*,e	Freescale Semiconductor Holdings Ltd		133,514
	17,100	*	FSI International, Inc		61,902
	4,725	*	GSI Technology, Inc		22,633
	29,627	*,e	GT Solar International, Inc		151,690
	8,339	*	Hittite Microwave Corp		422,537

128

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,250	*,e	Inphi Corp	$	134,750
	34,786	*	Integrated Device Technology, Inc		175,321
	6,037	*	Integrated Silicon Solution, Inc		58,740
	1,250,600		Intel Corp		32,140,419
	2,200	*	Intermolecular, Inc		14,652
	16,398	*	International Rectifier Corp		279,422
	29,496		Intersil Corp (Class A)		271,658
	5,663	*	IXYS Corp		57,196
	41,642		Kla-Tencor Corp		2,119,994
	15,129	*	Kopin Corp		54,918
	50,160	*	Lam Research Corp		1,726,006
	27,664	*	Lattice Semiconductor Corp		102,633
	57,244		Linear Technology Corp		1,846,119
	142,607	*	LSI Logic Corp		983,988
	11,607	*	LTX-Credence Corp		68,017
	1,425	*	MA-COM Technology Solutions		25,208
	115,271		Marvell Technology Group Ltd		1,297,951
	14,154	*,e	Mattson Technology, Inc		12,456
	72,651		Maxim Integrated Products, Inc		1,978,287
	3,751	*,e	MaxLinear, Inc		17,705
	69,740	*	MEMC Electronic Materials, Inc		133,901
	11,829		Micrel, Inc		110,483
	47,864	e	Microchip Technology, Inc		1,597,700
	233,412	*	Micron Technology, Inc		1,449,489
	21,847	*	Microsemi Corp		422,958
	7,852	*,e	Mindspeed Technologies, Inc		18,531
	12,360	*	MIPS Technologies, Inc		76,014
	12,865		MKS Instruments, Inc		339,636
	7,025	*	Monolithic Power Systems, Inc		136,145
	7,645	*	MoSys, Inc		24,693
	5,842	*	Nanometrics, Inc		88,740
	1,118	*	NVE Corp		61,848
	151,822	*	Nvidia Corp		2,055,670
	13,751	*	Omnivision Technologies, Inc		192,789
	113,042	*	ON Semiconductor Corp		784,511
	5,484	*	PDF Solutions, Inc		51,056
	5,866	*	Pericom Semiconductor Corp		47,163
	17,410	*	Photronics, Inc		101,849
	10,431	*	PLX Technology, Inc		59,039
	56,921	*	PMC - Sierra, Inc		302,820
	8,295		Power Integrations, Inc		292,316
	9,600	*,e	QuickLogic Corp		22,944
	29,717	*,e	Rambus, Inc		124,811
	68,264	*	RF Micro Devices, Inc		264,864
	4,125	*,e	Rubicon Technology, Inc		41,456
	7,425	*	Rudolph Technologies, Inc		74,250
	17,283	*	Semtech Corp		412,891
	7,453	*	Sigma Designs, Inc		50,680
	18,672	*	Silicon Image, Inc		73,194
	10,449	*	Silicon Laboratories, Inc		386,091
	46,349	*	Skyworks Solutions, Inc		1,340,877
	11,818	*	Spansion, Inc		121,135

129

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,394	*	Standard Microsystems Corp	$	199,093
	9,338	*,e	STR Holdings, Inc		31,189
	15,952	*,e	SunPower Corp		62,532
	2,588	*	Supertex, Inc		43,970
	46,608	*	Teradyne, Inc		685,604
	11,998		Tessera Technologies, Inc		173,371
	284,456		Texas Instruments, Inc		7,748,581
	41,467	*	Triquint Semiconductor, Inc		233,874
	5,340	*	Ultra Clean Holdings		32,254
	6,458	*	Ultratech, Inc		205,429
	9,616	*,e	Veeco Instruments, Inc		343,387
	6,215	*	Volterra Semiconductor Corp		142,821
	65,666		Xilinx, Inc		2,127,578
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		89,716,312
SOFTWARE & SERVICES - 9.3%
	12,977	*	Accelrys, Inc		105,373
	160,149		Accenture plc		9,656,985
	9,726	*	ACI Worldwide, Inc		428,041
	9,472	*,e	Active Network, Inc		134,408
	105,484		Activision Blizzard, Inc		1,268,973
	12,286	*	Actuate Corp		79,368
	19,044	*	Acxiom Corp		319,368
	123,449	*	Adobe Systems, Inc		3,812,105
	7,696	*	Advent Software, Inc		175,161
	44,231	*	Akamai Technologies, Inc		1,556,047
	12,374	*	Alliance Data Systems Corp		1,608,620
	41,470	*	Amdocs Ltd		1,233,733
	5,327	*	American Software, Inc (Class A)		42,936
	7,466	*,e	Ancestry.com, Inc		249,887
	8,826	*,e	Angie’s List, Inc		114,738
	22,886	*	Ansys, Inc		1,372,245
	23,001	*,e	AOL, Inc		732,812
	24,198	*	Ariba, Inc		1,075,117
	22,037	*	Aspen Technology, Inc		515,225
	57,462	*	Autodesk, Inc		1,949,111
	123,064		Automatic Data Processing, Inc		6,959,269
	3,350	*	AVG Technologies NV		33,601
	11,081	*	Bankrate, Inc		176,742
	2,600	*,e	Bazaarvoice, Inc		40,300
	11,036		Blackbaud, Inc		297,751
	9,027	*	Blucora, Inc		137,662
	40,044	*	BMC Software, Inc		1,585,742
	5,476	e	Booz Allen Hamilton Holding Co		95,447
	8,423	*	Bottomline Technologies, Inc		159,953
	2,160	*,e	Brightcove, Inc		31,990
	31,675		Broadridge Financial Solutions, Inc		670,560
	6,284	*,e	BroadSoft, Inc		154,272
	87,866		CA, Inc		2,114,935
	6,514	*,e	CACI International, Inc (Class A)		367,715
	67,464	*	Cadence Design Systems, Inc		824,410
	7,035	*,e	Callidus Software, Inc		32,572

130

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,700	*,e	Carbonite, Inc	$	16,490
	10,893	*	Cardtronics, Inc		337,792
	2,163	e	Cass Information Systems, Inc		82,194
	15,013	*	Ciber, Inc		56,299
	46,302	*	Citrix Systems, Inc		3,365,229
	1,296	*,m	Clinical Data, Inc		1,231
	75,703	*	Cognizant Technology Solutions Corp (Class A)		4,297,659
	10,953	*	Commvault Systems, Inc		531,440
	38,173		Computer Sciences Corp		939,819
	3,541	*	Computer Task Group, Inc		52,796
	54,141	*	Compuware Corp		498,639
	8,669	*	comScore, Inc		133,503
	11,168	*,e	Concur Technologies, Inc		754,287
	6,923	*,e	Constant Contact, Inc		116,099
	28,608		Convergys Corp		421,682
	8,331	*,e	Cornerstone OnDemand, Inc		198,111
	6,812	*	CoStar Group, Inc		562,194
	8,115	*	CSG Systems International, Inc		143,067
	10,471	*	DealerTrack Holdings, Inc		305,439
	5,200	*	Deltek, Inc		67,704
	7,318	*,e	Demand Media, Inc		81,376
	1,654	*,e	Demandware, Inc		40,639
	11,403	*	Dice Holdings, Inc		85,979
	9,318	*	Digital River, Inc		165,767
	1,678		DMRC Corp		40,759
	8,257		DST Systems, Inc		445,052
	25,843		Earthlink, Inc		177,025
	288,075	*	eBay, Inc		12,761,722
	6,766	e	Ebix, Inc		146,755
	78,544	*	Electronic Arts, Inc		865,555
	6,906	*	Ellie Mae, Inc		141,573
	4,487	*	Envestnet, Inc		54,786
	1,890	*,e	Envivio, Inc		11,321
	2,104	*	EPAM Systems, Inc		33,748
	7,361		EPIQ Systems, Inc		83,106
	899	*	ePlus, Inc		30,548
	11,692	*	Equinix, Inc		2,083,280
	12,004	*	Euronet Worldwide, Inc		219,433
	2,352	*,e	ExactTarget, Inc		53,626
	5,784	*	ExlService Holdings, Inc		142,576
	105,779	*,e	Facebook, Inc		2,296,461
	11,360		Factset Research Systems, Inc		1,056,026
	8,716		Fair Isaac Corp		377,316
	7,195	*	FalconStor Software, Inc		14,534
	62,416		Fidelity National Information Services, Inc		1,962,359
	26,211	*	First American Corp		602,853
	34,297	*	Fiserv, Inc		2,405,249
	11,937	*	FleetCor Technologies, Inc		440,714
	3,443		Forrester Research, Inc		98,263
	32,503	*	Fortinet, Inc		780,397
	23,279	*	Gartner, Inc		1,033,355
	31,037	*	Genpact Ltd		540,665

131

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,514	*,e,m	Gerber Scientific, Inc	$	0
	15,931	*	Global Cash Access, Inc		102,914
	19,795		Global Payments, Inc		847,622
	18,951	*,e	Glu Mobile, Inc		90,965
	64,356	*	Google, Inc (Class A)		40,735,416
	3,256	*	Guidance Software, Inc		32,104
	4,608	*,e	Guidewire Software, Inc		118,241
	7,131	*	Hackett Group, Inc		33,587
	9,557		Heartland Payment Systems, Inc		302,957
	7,199	*,e	Higher One Holdings, Inc		79,837
	18,828		IAC/InterActiveCorp		990,541
	7,256	*	iGate Corp		115,370
	2,366	*,e	Imperva, Inc		62,462
	1,918	*	Infoblox, Inc		40,297
	26,594	*	Informatica Corp		784,789
	5,388	*	Innodata Isogen, Inc		20,690
	3,336	*	Interactive Intelligence, Inc		87,003
	12,252	*	Internap Network Services Corp		78,903
	270,926		International Business Machines Corp		53,096,078
	73,581		Intuit, Inc		4,269,170
	13,196	*	Ipass, Inc		30,087
	11,357	e	j2 Global, Inc		339,915
	22,069		Jack Henry & Associates, Inc		766,456
	10,390	*	JDA Software Group, Inc		307,336
	3,700	*,e	Jive Software, Inc		74,111
	6,741	*	Kenexa Corp		160,503
	3,270		Keynote Systems, Inc		44,963
	17,212	*,e	KIT Digital, Inc		55,078
	7,413	*	Knot, Inc		63,826
	20,352		Lender Processing Services, Inc		502,084
	15,974	*,e	Limelight Networks, Inc		44,408
	15,114	*	LinkedIn Corp		1,551,452
	14,429	*	Lionbridge Technologies		44,441
	5,634	*,e	Liquidity Services, Inc		257,586
	13,485	*	Liveperson, Inc		252,170
	5,468	*	LogMeIn, Inc		103,619
	3,620	*,e	magicJack VocalTec Ltd		80,400
	4,794	*	Manhattan Associates, Inc		223,832
	5,468	e	Mantech International Corp (Class A)		119,913
	4,509	e	Marchex, Inc (Class B)		15,646
	5,516	*	Market Leader, Inc		29,455
	26,932		Mastercard, Inc (Class A)		11,757,703
	2,338	*,e	Mattersight Corp		18,166
	9,059		MAXIMUS, Inc		457,480
	11,530	*,e	MeetMe, Inc		19,025
	22,602	*	Mentor Graphics Corp		345,359
	19,998	*	Micros Systems, Inc		954,705
	1,870,458		Microsoft Corp		55,122,396
	2,080	*	MicroStrategy, Inc (Class A)		242,237
	2,669	*	Millennial Media, Inc		26,503
	10,265		ModusLink Global Solutions, Inc		35,106
	5,383	*	MoneyGram International, Inc		83,759

132

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,384	*	Monotype Imaging Holdings, Inc	$	123,077
	29,863	*	Monster Worldwide, Inc		216,507
	9,308	*	Move, Inc		85,727
	8,768	*	Netscout Systems, Inc		204,820
	7,687	*	NetSuite, Inc		425,399
	16,596	*	NeuStar, Inc (Class A)		587,664
	14,997		NIC, Inc		201,860
	60,152	*	Nuance Communications, Inc		1,224,093
	5,574	*	OpenTable, Inc		202,671
	3,965	*,e	Opnet Technologies, Inc		104,835
	949,662		Oracle Corp		28,679,791
	29,394	*	Parametric Technology Corp		633,147
	81,182		Paychex, Inc		2,653,840
	3,903	e	Pegasystems, Inc		108,425
	7,931	*	Perficient, Inc		105,403
	3,046	*	Pervasive Software, Inc		20,591
	4,579	*	PRG-Schultz International, Inc		34,800
	15,717	*	Progress Software Corp		305,538
	1,458	*	Proofpoint, Inc		20,150
	5,040	*	PROS Holdings, Inc		70,258
	1,541	*	QAD, Inc (Class A)		21,497
	20,573	*	QLIK Technologies, Inc		411,460
	14,177	*	Quest Software, Inc		396,105
	8,097	*,e	QuinStreet, Inc		73,440
	27,272	*	Rackspace Hosting, Inc		1,196,695
	5,232		RealNetworks, Inc		40,600
	8,683	*,e	RealPage, Inc		192,936
	48,074	*	Red Hat, Inc		2,579,651
	8,762	*,e	Responsys, Inc		97,696
	2,575	*,e	Rosetta Stone, Inc		33,552
	27,235	*	Rovi Corp		364,404
	6,629	*	Saba Software, Inc		55,286
	69,332		SAIC, Inc		802,171
	34,602	*	Salesforce.com, Inc		4,303,104
	3,727	*,e	Sapiens International Corp NV		13,119
	30,110		Sapient Corp		299,896
	4,426	*	Sciquest, Inc		75,331
	6,193	*	Seachange International, Inc		46,881
	12,258	*,e	ServiceSource International LLC		138,270
	14,598	*	SolarWinds, Inc		779,387
	17,111		Solera Holdings, Inc		668,185
	7,018	*	Sourcefire, Inc		358,269
	2,629	*,e	Spark Networks, Inc		15,222
	3,411	*,e,m	Splunk, Inc		100,283
	2,575	*	SPS Commerce, Inc		83,301
	8,265	*	SS&C Technologies Holdings, Inc		200,840
	3,425		Stamps.com, Inc		72,439
	12,281	*	SupportSoft, Inc		35,001
	179,283	*	Symantec Corp		2,823,707
	1,645	*	Synacor, Inc		16,006
	6,200	*	Synchronoss Technologies, Inc		118,544
	36,261	*	Synopsys, Inc		1,098,346

133

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,616		Syntel, Inc	$	210,198
	7,557	*	TA Indigo Holding Corp		32,949
	18,862	*	Take-Two Interactive Software, Inc		165,608
	7,401	*	Tangoe, Inc		142,025
	3,417	*	TechTarget, Inc		14,044
	3,861	*	TeleNav, Inc		22,278
	5,942	*	TeleTech Holdings, Inc		97,805
	42,043	*	Teradata Corp		2,842,948
	40,585	*	TIBCO Software, Inc		1,140,033
	30,407	*	TiVo, Inc		264,237
	5,971	*	TNS, Inc		101,089
	40,551		Total System Services, Inc		959,031
	1,334	*,e	Travelzoo, Inc		28,828
	7,530	*	Tyler Technologies, Inc		293,821
	6,526	*	Ultimate Software Group, Inc		583,881
	10,147	*	Unisys Corp		197,156
	20,798		United Online, Inc		88,184
	19,999	*	Unwired Planet, Inc		39,198
	19,899	*	Valueclick, Inc		312,613
	9,439	*	Vantiv, Inc		212,944
	6,341	*	Vasco Data Security International		58,654
	26,965	*	VeriFone Systems, Inc		978,560
	4,964	*,e	Verint Systems, Inc		138,545
	38,975		VeriSign, Inc		1,731,269
	10,493	*,e	VirnetX Holding Corp		248,264
	4,591	*	Virtusa Corp		69,554
	130,040		Visa, Inc (Class A)		16,784,264
	9,439	*,e	VistaPrint Ltd		325,646
	22,115	*	VMware, Inc (Class A)		2,007,157
	4,991	*	Vocus, Inc		86,344
	13,507	*,e	WebMD Health Corp (Class A)		198,688
	9,373	*	Websense, Inc		140,689
	8,530	*	Website Pros, Inc		132,215
	151,977		Western Union Co		2,648,959
	9,569	*	Wright Express Corp		616,052
	303,185	*	Yahoo!, Inc		4,802,449
	2,065	*,e	Yelp, Inc		41,217
	15,565	*	Zix Corp		37,979
	29,890	*,e	Zynga, Inc		88,176
			TOTAL SOFTWARE & SERVICES		350,690,103
TECHNOLOGY HARDWARE & EQUIPMENT - 7.2%
	11,612	*,e	3D Systems Corp		441,256
	14,277	*,e	Acme Packet, Inc		226,290
	15,624		Adtran, Inc		337,166
	4,188	*	Agilysys, Inc		36,394
	41,342		Amphenol Corp (Class A)		2,434,216
	3,543	*	Anaren, Inc		71,108
	6,827		Anixter International, Inc		388,525
	232,219	*	Apple, Inc		141,830,076
	29,049	*	Arris Group, Inc		368,632
	27,391	*	Arrow Electronics, Inc		924,446

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	27,515	*,e	Aruba Networks, Inc	$	390,163
	1,556	*,e	Audience, Inc		28,086
	6,951	*	Avid Technology, Inc		64,019
	35,611	*	Avnet, Inc		1,121,747
	13,977		AVX Corp		136,136
	3,103		Aware, Inc		19,208
	4,664	*	AX Holding Corp		28,031
	3,536		Badger Meter, Inc		119,835
	2,463		Bel Fuse, Inc (Class B)		44,408
	14,259	*	Benchmark Electronics, Inc		224,722
	4,210		Black Box Corp		112,154
	23,335	*	Bookham, Inc		65,338
	16,004	*	Brightpoint, Inc		143,556
	111,138	*	Brocade Communications Systems, Inc		552,356
	6,918	*	CalAmp Corp		52,093
	8,859	*,e	Calix Networks, Inc		40,840
	9,410	*	Checkpoint Systems, Inc		72,363
	24,254	*,e	Ciena Corp		388,792
	1,331,628		Cisco Systems, Inc		21,239,467
	10,483		Cognex Corp		354,325
	5,880	*	Coherent, Inc		287,120
	5,463		Comtech Telecommunications Corp		149,249
	53,552	*	Comverse Technology, Inc		290,787
	377,837		Corning, Inc		4,311,119
	8,479	*	Cray, Inc		105,394
	8,048		CTS Corp		71,627
	8,107		Daktronics, Inc		62,667
	3,580	*	Datalink Corp		28,175
	366,852	*	Dell, Inc		4,358,202
	15,333		Diebold, Inc		496,023
	5,935	*	Digi International, Inc		54,305
	12,531	*	Dolby Laboratories, Inc (Class A)		441,718
	4,547	*	DTS, Inc		84,713
	8,231	*	Echelon Corp		26,504
	9,573	*	EchoStar Corp (Class A)		275,702
	4,394		Electro Rent Corp		73,643
	5,293		Electro Scientific Industries, Inc		65,686
	10,947	*	Electronics for Imaging, Inc		160,045
	516,788	*	EMC Corp		13,545,013
	20,658	*	Emulex Corp		133,657
	21,592	*	Extreme Networks, Inc		69,094
	20,069	*	F5 Networks, Inc		1,874,043
	4,796	*	Fabrinet		63,691
	4,164	*	FARO Technologies, Inc		179,177
	9,085		FEI Co		433,445
	22,312	*	Finisar Corp		277,338
	38,953		Flir Systems, Inc		796,589
	16,618	*,e	Fusion-io, Inc		317,736
	5,250	*	Globecomm Systems, Inc		53,445
	7,240	*	GSI Group, Inc		74,572
	26,951	*	Harmonic, Inc		114,272
	29,237		Harris Corp		1,217,721

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,207	*	Harris Stratex Networks, Inc (Class A)	$	32,108
	492,421		Hewlett-Packard Co		8,981,759
	7,447	*	Imation Corp		41,480
	6,684	*	Immersion Corp		37,364
	26,802	*,e	Infinera Corp		147,947
	37,870	*	Ingram Micro, Inc (Class A)		567,671
	10,957	*	Insight Enterprises, Inc		183,639
	10,703	e	InterDigital, Inc		292,192
	13,943	*	Intermec, Inc		83,937
	5,347	*	Intevac, Inc		31,387
	9,014	*,e	InvenSense, Inc		116,281
	7,860	*,e	IPG Photonics Corp		407,384
	9,822	*	Itron, Inc		382,763
	10,332	*	Ixia		160,146
	47,721		Jabil Circuit, Inc		1,035,546
	56,725	*	JDS Uniphase Corp		558,174
	132,254	*	Juniper Networks, Inc		2,318,413
	12,417	*	Kemet Corp		59,974
	2,512	*,e	Key Tronic Corp		18,639
	3,489	*	KVH Industries, Inc		45,531
	3,845	*	LeCroy Corp		54,945
	18,743		Lexmark International, Inc (Class A)		327,815
	5,333		Littelfuse, Inc		286,062
	2,574		Loral Space & Communications, Inc		185,199
	6,556	*,e	Maxwell Technologies, Inc		42,680
	3,508	*	Measurement Specialties, Inc		104,468
	6,850	*	Mercury Computer Systems, Inc		79,940
	639		Mesa Laboratories, Inc		29,586
	8,663		Methode Electronics, Inc		76,234
	34,306	e	Molex, Inc		861,767
	71,719		Motorola, Inc		3,466,896
	3,658		MTS Systems Corp		159,013
	2,112	*	Multi-Fineline Electronix, Inc		55,271
	22,941		National Instruments Corp		592,795
	39,919	*	NCR Corp		930,911
	5,662	*,e	Neonode, Inc		28,593
	3,652	*,e	NeoPhotonics Corp Ltd		18,114
	90,470	*	NetApp, Inc		2,955,655
	9,331	*	Netgear, Inc		323,133
	8,787	*	Newport Corp		98,854
	1,515	*,e	Numerex Corp		14,408
	17,887	*,e	OCZ Technology Group, Inc		112,151
	4,577	*	Oplink Communications, Inc		60,691
	4,879	*	OSI Systems, Inc		314,891
	4,855		Park Electrochemical Corp		131,134
	18,072	*,e	Parkervision, Inc		45,361
	2,182		PC Connection, Inc		25,944
	4,298		PC-Tel, Inc		26,476
	11,316		Plantronics, Inc		371,391
	8,340	*	Plexus Corp		239,525
	43,745	*	Polycom, Inc		382,331
	16,094	*	Power-One, Inc		80,470

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,198	*,e	Procera Networks, Inc	$	157,925
	24,603	*	QLogic Corp		283,919
	426,119		Qualcomm, Inc		25,430,781
	53,007	*	Quantum Corp		78,450
	7,279	*,e	Rackable Systems, Inc		48,405
	4,550	*	Radisys Corp		15,516
	10,904	*,e	RealD, Inc		105,769
	3,297		Richardson Electronics Ltd		40,388
	39,991	*	Riverbed Technology, Inc		705,441
	6,666	*	Rofin-Sinar Technologies, Inc		120,855
	3,746	*	Rogers Corp		134,294
	59,801	*	SanDisk Corp		2,459,615
	18,915	*	Sanmina-SCI Corp		161,534
	6,727	*	Scansource, Inc		194,208
	11,060	*	ShoreTel, Inc		51,761
	49,514	*	Sonus Networks, Inc		82,193
	10,905	*	STEC, Inc		88,003
	5,214	*,e	Stratasys, Inc		319,514
	6,295	*	Super Micro Computer, Inc		78,121
	4,680		Sycamore Networks, Inc		66,690
	10,138	*	Symmetricom, Inc		60,727
	8,219	*,e	Synaptics, Inc		216,817
	6,788	*	SYNNEX Corp		229,638
	10,189	*	Tech Data Corp		510,469
	89,604		Tellabs, Inc		294,797
	4,163		Telular Corp		39,257
	1,249		Tessco Technologies, Inc		23,419
	30,724	*	Trimble Navigation Ltd		1,359,844
	12,203	*	TTM Technologies, Inc		133,501
	2,000	*,e	Ubiquiti Networks, Inc		28,280
	9,763	*,e	Universal Display Corp		310,073
	9,245	*	Viasat, Inc		354,084
	624	*	Viasystems Group, Inc		9,610
	35,650	*	Vishay Intertechnology, Inc		351,866
	2,879	*	Vishay Precision Group, Inc		39,154
	8,226	*	Westell Technologies, Inc		18,015
	58,558	*	Western Digital Corp		2,328,852
	330,790		Xerox Corp		2,292,374
	12,801	*	Zebra Technologies Corp (Class A)		442,147
	3,725	*	Zygo Corp		66,603
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		270,466,168
TELECOMMUNICATION SERVICES - 2.9%
	14,596	*,e	8x8, Inc		79,840
	1,457,386		AT&T, Inc		55,264,077
	2,198		Atlantic Tele-Network, Inc		76,842
	3,884	*,e	Boingo Wireless, Inc		33,364
	6,553	*	Cbeyond Communications, Inc		46,723
	154,623		CenturyTel, Inc		6,423,039
	46,695	*,e	Cincinnati Bell, Inc		179,776
	86,404	*,e	Clearwire Corp (Class A)		98,501
	11,440	*	Cogent Communications Group, Inc		211,297

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,684	e	Consolidated Communications Holdings, Inc	$	137,728
	72,904	*	Crown Castle International Corp		4,511,299
	5,050	*,e	Fairpoint Communications, Inc		30,856
	234,323	e	Frontier Communications Corp		918,546
	9,708	*	General Communication, Inc (Class A)		91,644
	2,433	*,e	Hawaiian Telcom Holdco, Inc		43,794
	3,126		HickoryTech Corp		33,354
	3,264		IDT Corp (Class B)		33,032
	7,190	*	inContact, Inc		36,957
	12,391	*	Iridium Communications, Inc		112,262
	15,033	*,e	Leap Wireless International, Inc		85,387
	39,917	*	Level 3 Communications, Inc		769,201
	5,391		Lumos Networks Corp		48,303
	74,724	*	MetroPCS Communications, Inc		654,582
	7,368	*	Neutral Tandem, Inc		100,647
	42,881	*	NII Holdings, Inc (Class B)		289,447
	5,981		NTELOS Holdings Corp		126,797
	5,659	*	Orbcomm, Inc		17,599
	12,259	*	Premiere Global Services, Inc		112,292
	2,959		Primus Telecommunications Group, Inc		46,841
	29,613	*	SBA Communications Corp (Class A)		1,748,944
	5,565		Shenandoah Telecom Co		87,649
	743,897	*	Sprint Nextel Corp		3,243,391
	23,102		Telephone & Data Systems, Inc		559,761
	9,929	*,e	Towerstream Corp		39,418
	37,976	*	tw telecom inc (Class A)		954,337
	3,738	*	US Cellular Corp		153,707
	5,178		USA Mobility, Inc		57,683
	706,406		Verizon Communications, Inc		31,887,167
	32,657	*	Vonage Holdings Corp		58,456
	144,876	e	Windstream Corp		1,442,965
			TOTAL TELECOMMUNICATION SERVICES		110,847,505
TRANSPORTATION - 1.9%
	12,617	*	Air Transport Services Group, Inc		60,940
	17,495	*	Alaska Air Group, Inc		609,701
	3,633	*	Allegiant Travel Co		258,161
	2,028		Amerco, Inc		189,415
	5,976		Arkansas Best Corp		81,811
	6,464	*	Atlas Air Worldwide Holdings, Inc		293,207
	25,760	*	Avis Budget Group, Inc		370,171
	4,720		Celadon Group, Inc		70,470
	40,423		CH Robinson Worldwide, Inc		2,136,356
	13,079		Con-Way, Inc		465,874
	8,235		Copa Holdings S.A. (Class A)		638,460
	258,647		CSX Corp		5,933,362
	212,059	*	Delta Air Lines, Inc		2,046,368
	6,820	*,e	Dollar Thrifty Automotive Group, Inc		507,408
	3,575	*,e	Echo Global Logistics, Inc		64,493
	52,803		Expeditors International Washington, Inc		1,878,203
	77,509		FedEx Corp		6,999,062
	6,886		Forward Air Corp		230,406

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,867	*,e	Genco Shipping & Trading Ltd	$	19,153
	9,933	*	Genesee & Wyoming, Inc (Class A)		616,442
	11,832	*	Hawaiian Holdings, Inc		75,370
	11,857		Heartland Express, Inc		164,812
	62,141	*	Hertz Global Holdings, Inc		699,708
	9,099	*	Hub Group, Inc (Class A)		270,695
	1,270		International Shipholding Corp		23,470
	22,078		J.B. Hunt Transport Services, Inc		1,214,732
	57,615	*,e	JetBlue Airways Corp		317,459
	27,398		Kansas City Southern Industries, Inc		1,994,574
	13,577	*	Kirby Corp		716,458
	14,376		Knight Transportation, Inc		220,384
	12,311		Landstar System, Inc		608,287
	3,640		Marten Transport Ltd		65,338
	9,754		Matson, Inc		239,558
	79,992		Norfolk Southern Corp		5,923,408
	12,308	*	Old Dominion Freight Line		521,859
	8,204	*	Pacer International, Inc		34,457
	1,951	*	Park-Ohio Holdings Corp		33,499
	1,571	*	Patriot Transportation Holding, Inc		36,510
	5,253	*	Quality Distribution, Inc		53,055
	5,014	*	RailAmerica, Inc		137,534
	4,340	*,e	Rand Logistics, Inc		35,935
	11,311	*	Republic Airways Holdings, Inc		51,465
	3,087	*	Roadrunner Transportation Services Holdings, Inc		53,930
	12,098		Ryder System, Inc		477,145
	3,730	*	Saia, Inc		84,298
	12,342		Skywest, Inc		86,394
	191,443		Southwest Airlines Co		1,759,361
	10,223	*	Spirit Airlines, Inc		219,897
	24,679	*	Swift Transportation Co, Inc		204,836
	82,880	*,e	UAL Corp		1,565,603
	118,436		Union Pacific Corp		14,521,438
	180,137		United Parcel Service, Inc (Class B)		13,620,158
	1,485		Universal Truckload Services, Inc		22,112
	39,989	*,e	US Airways Group, Inc		458,274
	25,422		UTI Worldwide, Inc		336,842
	14,046		Werner Enterprises, Inc		324,182
	4,930	*,e	Wesco Aircraft Holdings, Inc		65,816
	4,257	*,e	XPO Logistics, Inc		54,149
	6,596	*,e	Zipcar, Inc		68,796
			TOTAL TRANSPORTATION		70,831,261
UTILITIES - 3.8%
	159,732	*	AES Corp		1,926,369
	27,847		AGL Resources, Inc		1,127,804
	9,332		Allete, Inc		386,905
	27,191		Alliant Energy Corp		1,270,092
	59,412		Ameren Corp		2,032,485
	6,280	*,e	American DG Energy, Inc		12,497
	118,836		American Electric Power Co, Inc		5,019,633
	6,853		American States Water Co		278,574

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	43,813		American Water Works Co, Inc	$	1,588,222
	34,171		Aqua America, Inc		876,144
	1,522	e	Artesian Resources Corp		32,753
	30,198	e	Atlantic Power Corp		416,128
	22,192		Atmos Energy Corp		795,583
	14,590		Avista Corp		403,851
	11,097		Black Hills Corp		353,439
	2,819	*,e	Cadiz, Inc		20,015
	9,806		California Water Service Group		181,117
	100,767	*	Calpine Corp		1,722,108
	102,345		Centerpoint Energy, Inc		2,155,386
	3,763		CH Energy Group, Inc		244,708
	2,233		Chesapeake Utilities Corp		102,137
	14,934		Cleco Corp		653,512
	65,152		CMS Energy Corp		1,606,648
	1,994		Connecticut Water Service, Inc		60,279
	71,915		Consolidated Edison, Inc		4,638,518
	3,410		Consolidated Water Co, Inc		27,962
	1,714	e	Delta Natural Gas Co, Inc		34,794
	142,040		Dominion Resources, Inc		7,714,192
	41,826		DTE Energy Co		2,566,862
	175,186		Duke Energy Corp		11,874,106
	81,044		Edison International		3,742,612
	11,350		El Paso Electric Co		384,198
	9,813		Empire District Electric Co		210,980
	44,072		Entergy Corp		3,202,712
	212,126		Exelon Corp		8,298,369
	104,051		FirstEnergy Corp		5,225,441
	3,274		Genie Energy Ltd		23,114
	33,923		Great Plains Energy, Inc		752,412
	23,668		Hawaiian Electric Industries, Inc		674,301
	12,258		Idacorp, Inc		517,288
	19,352		Integrys Energy Group, Inc		1,171,570
	12,683		ITC Holdings Corp		940,952
	6,510		Laclede Group, Inc		271,988
	44,297		MDU Resources Group, Inc		991,810
	5,471		MGE Energy, Inc		262,280
	3,647		Middlesex Water Co		68,199
	17,799		National Fuel Gas Co		871,083
	10,578		New Jersey Resources Corp		485,530
	103,010		NextEra Energy, Inc		7,303,409
	70,717		NiSource, Inc		1,809,648
	78,006		Northeast Utilities		3,110,879
	7,325		Northwest Natural Gas Co		356,654
	8,837		NorthWestern Corp		326,350
	56,757		NRG Energy, Inc		1,124,924
	58,794		NV Energy, Inc		1,075,342
	24,191		OGE Energy Corp		1,284,784
	53,036		Oneok, Inc		2,360,632
	4,216	e	Ormat Technologies, Inc		75,888
	8,452		Otter Tail Corp		198,368
	56,830		Pepco Holdings, Inc		1,134,327

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
	105,032		PG&E Corp				$	4,848,277
	17,846		Piedmont Natural Gas Co, Inc					567,146
	27,238		Pinnacle West Capital Corp					1,458,323
	19,594		PNM Resources, Inc					407,555
	18,608		Portland General Electric Co					506,696
	144,353		PPL Corp					4,171,802
	125,817		Public Service Enterprise Group, Inc					4,182,157
	43,730		Questar Corp					889,906
	192,438	*	RRI Energy, Inc					458,002
	28,353		SCANA Corp					1,394,117
	59,312		Sempra Energy					4,176,158
	3,305		SJW Corp					77,106
	7,932		South Jersey Industries, Inc					419,286
	215,975		Southern Co					10,399,195
	11,355		Southwest Gas Corp					507,114
	53,672		TECO Energy, Inc					976,294
	27,940		UGI Corp					856,361
	12,420		UIL Holdings Corp					460,037
	4,387		Unitil Corp					116,519
	9,964		UNS Energy Corp					405,535
	20,165		Vectren Corp					601,925
	31,388		Westar Energy, Inc					959,217
	12,690		WGL Holdings, Inc					513,311
	57,334		Wisconsin Energy Corp					2,335,787
	121,114		Xcel Energy, Inc					3,548,640
	2,976	e	York Water Co					53,657
			TOTAL UTILITIES					143,668,990
			TOTAL COMMON STOCKS					3,757,545,843
			(Cost $3,251,711,608)
RIGHTS / WARRANTS - 0.0%
BANKS - 0.0%
	1,566		Hampton Roads Bankshares, Inc					4,049
	1,566		Hampton Roads Bankshares, Inc (2nd Entitlements)					0
			TOTAL BANKS					4,049
ENERGY - 0.0%
	2,156	e,m	Magnum Hunter Resources Corp					0
			TOTAL ENERGY					0
			TOTAL RIGHTS / WARRANTS					4,049
			(Cost $0)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.9%
TREASURY DEBT - 0.2%
	$8,600,000		United States Treasury Bill	0.055-0.056	%	08/02/12		8,599,987
								8,599,987

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.7%
	101,354,617	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	$	101,354,617
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		101,354,617
			TOTAL SHORT-TERM INVESTMENTS		109,954,604
			(Cost $109,954,604)
			TOTAL INVESTMENTS - 102.6%		3,867,504,496
			(Cost $3,361,666,212)
			OTHER ASSETS & LIABILITIES, NET - (2.6)%		(98,303,881	)
			NET ASSETS - 100.0%	$	3,769,200,615
			Abbreviation(s):
			REIT   Real Estate Investment Trust
		*	Non-income producing.
		a	Affiliated holding.
		c	Investments made with cash collateral received from securities on loan.
		d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $97,779,987.
		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, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.6%
	13,282	*,e	BorgWarner, Inc	$	891,222
	446,508		Ford Motor Co		4,125,734
	27,666	*	Goodyear Tire & Rubber Co		316,776
	27,101		Harley-Davidson, Inc		1,171,576
	79,600		Johnson Controls, Inc		1,962,140
			TOTAL AUTOMOBILES & COMPONENTS		8,467,448
BANKS - 3.0%
	80,916		BB&T Corp		2,538,335
	22,540		Comerica, Inc		680,933
	106,445		Fifth Third Bancorp		1,471,070
	30,130		First Horizon National Corp		247,970
	60,690		Hudson City Bancorp, Inc		385,382
	98,411		Huntington Bancshares, Inc		611,624
	111,594		Keycorp		890,520
	14,670		M&T Bank Corp		1,259,273
	41,009		People’s United Financial, Inc		469,963
	61,869		PNC Financial Services Group, Inc		3,656,458
	165,394		Regions Financial Corp		1,151,142
	62,357		SunTrust Banks, Inc		1,474,743
	221,583		US Bancorp		7,423,031
	621,545		Wells Fargo & Co		21,014,437
	21,207		Zions Bancorporation		385,967
			TOTAL BANKS		43,660,848
CAPITAL GOODS - 7.8%
	81,170		3M Co		7,405,139
	87,626		Boeing Co		6,476,438
	76,313		Caterpillar, Inc		6,426,318
	18,423		Cooper Industries plc		1,324,245
	21,921		Cummins, Inc		2,102,224
	67,276		Danaher Corp		3,552,846
	46,538		Deere & Co		3,575,049
	21,493		Dover Corp		1,170,724
	39,126	e	Eaton Corp		1,715,284
	85,832		Emerson Electric Co		4,100,195
	1,898	*	Engility Holdings, Inc		27,711
	34,552		Fastenal Co		1,489,882
	6,338		Flowserve Corp		760,433
	19,798		Fluor Corp		981,585
	42,192		General Dynamics Corp		2,676,660
	1,239,274		General Electric Co		25,714,936
	91,156		Honeywell International, Inc		5,291,606
	55,857		Illinois Tool Works, Inc		3,035,269

143

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	34,615		Ingersoll-Rand plc	$	1,468,022
	15,101	*	Jacobs Engineering Group, Inc		582,445
	12,402		Joy Global, Inc		644,160
	11,391		L-3 Communications Holdings, Inc		807,508
	31,149		Lockheed Martin Corp		2,780,671
	40,850		Masco Corp		491,426
	29,430		Northrop Grumman Corp		1,948,266
	41,301		Paccar, Inc		1,652,453
	13,433		Pall Corp		717,457
	17,500		Parker Hannifin Corp		1,405,600
	17,001		Precision Castparts Corp		2,644,676
	24,101	*	Quanta Services, Inc		554,082
	38,780		Raytheon Co		2,151,514
	16,414		Rockwell Automation, Inc		1,105,647
	16,993		Rockwell Collins, Inc		859,336
	11,283		Roper Industries, Inc		1,122,094
	6,599		Snap-On, Inc		447,280
	20,005		Stanley Works		1,338,134
	32,807		Textron, Inc		854,622
	54,160		Tyco International Ltd		2,975,550
	106,609		United Technologies Corp		7,935,974
	7,069		W.W. Grainger, Inc		1,447,944
	21,050		Xylem, Inc		504,779
			TOTAL CAPITAL GOODS		114,266,184
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	12,035		Avery Dennison Corp		370,558
	12,551		Cintas Corp		497,396
	5,603		Dun & Bradstreet Corp		449,305
	13,937		Equifax, Inc		652,809
	19,520		Iron Mountain, Inc		628,739
	22,656	e	Pitney Bowes, Inc		302,684
	21,039	e	R.R. Donnelley & Sons Co		254,993
	36,830		Republic Services, Inc		1,065,492
	16,222		Robert Half International, Inc		438,156
	9,953	*	Stericycle, Inc		924,136
	53,583		Waste Management, Inc		1,843,255
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		7,427,523
CONSUMER DURABLES & APPAREL - 1.0%
	33,634		Coach, Inc		1,659,165
	31,764		DR Horton, Inc		559,999
	6,200	*	Fossil, Inc		444,478
	7,975		Harman International Industries, Inc		321,791
	13,348	e	Hasbro, Inc		478,125
	15,851		Leggett & Platt, Inc		367,426
	19,406	e	Lennar Corp (Class A)		566,849
	39,846		Mattel, Inc		1,401,384
	32,976		Newell Rubbermaid, Inc		582,027
	42,903		Nike, Inc (Class B)		4,004,995
	37,741	*	Pulte Homes, Inc		426,473
	7,519		Ralph Lauren Corp		1,085,293
	10,131		VF Corp		1,512,558
	9,051		Whirlpool Corp		611,486
			TOTAL CONSUMER DURABLES & APPAREL		14,022,049

144

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.9%
	12,642	*	Apollo Group, Inc (Class A)	$	343,863
	52,496		Carnival Corp		1,747,067
	3,712	*	Chipotle Mexican Grill, Inc (Class A)		1,085,129
	15,066		Darden Restaurants, Inc		771,078
	6,813		DeVry, Inc		133,739
	33,546		H&R Block, Inc		541,097
	33,859		International Game Technology		383,284
	31,002		Marriott International, Inc (Class A)		1,129,093
	118,873		McDonald’s Corp		10,622,491
	88,739		Starbucks Corp		4,018,102
	22,789		Starwood Hotels & Resorts Worldwide, Inc		1,234,024
	16,856		Wyndham Worldwide Corp		877,355
	9,298		Wynn Resorts Ltd		871,687
	53,888		Yum! Brands, Inc		3,494,098
			TOTAL CONSUMER SERVICES		27,252,107
DIVERSIFIED FINANCIALS - 5.5%
	114,614		American Express Co		6,614,374
	25,740		Ameriprise Financial, Inc		1,331,273
	1,254,266		Bank of America Corp		9,206,313
	139,566		Bank of New York Mellon Corp		2,969,964
	14,996		BlackRock, Inc		2,553,219
	66,379		Capital One Financial Corp		3,749,750
	126,651		Charles Schwab Corp		1,599,602
	342,993		Citigroup, Inc		9,305,400
	38,880		CME Group, Inc		2,026,037
	60,462		Discover Financial Services		2,174,213
	28,961	*	E*Trade Financial Corp		220,972
	10,392	e	Federated Investors, Inc (Class B)		208,983
	16,619		Franklin Resources, Inc		1,910,354
	57,544		Goldman Sachs Group, Inc		5,806,190
	8,514	*	IntercontinentalExchange, Inc		1,117,207
	52,469		Invesco Ltd		1,161,139
	445,260		JPMorgan Chase & Co		16,029,360
	13,973		Legg Mason, Inc		342,618
	22,585		Leucadia National Corp		489,643
	22,906		Moody’s Corp		928,380
	178,222		Morgan Stanley		2,434,513
	13,802		Nasdaq Stock Market, Inc		313,305
	28,210		Northern Trust Corp		1,280,734
	29,463		NYSE Euronext		750,717
	58,183		SLM Corp		930,346
	57,180		State Street Corp		2,308,928
	29,537		T Rowe Price Group, Inc		1,794,373
			TOTAL DIVERSIFIED FINANCIALS		79,557,907

145

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
ENERGY - 11.2%
	23,846	*	Alpha Natural Resources, Inc	$	167,160
	57,850		Anadarko Petroleum Corp		4,017,104
	45,728		Apache Corp		3,938,095
	51,318		Baker Hughes, Inc		2,377,050
	24,017		Cabot Oil & Gas Corp		1,013,277
	28,833	*	Cameron International Corp		1,449,435
	76,745	e	Chesapeake Energy Corp		1,444,341
	230,791		Chevron Corp		25,290,078
	146,407		ConocoPhillips		7,970,397
	26,652		Consol Energy, Inc		772,375
	45,750	*	Denbury Resources, Inc		691,740
	47,322	*	Devon Energy Corp		2,797,677
	7,959	e	Diamond Offshore Drilling, Inc		520,678
	27,000		Ensco plc		1,466,910
	31,546		EOG Resources, Inc		3,091,823
	17,330		Equitable Resources, Inc		977,412
	546,929	d	Exxon Mobil Corp		47,500,784
	27,702	*	FMC Technologies, Inc		1,249,914
	108,001		Halliburton Co		3,578,073
	12,451		Helmerich & Payne, Inc		578,972
	35,226		Hess Corp		1,661,258
	59,104		Kinder Morgan, Inc		2,116,514
	82,547		Marathon Oil Corp		2,185,019
	39,653		Marathon Petroleum Corp		1,875,587
	22,494		Murphy Oil Corp		1,207,028
	32,752	*	Nabors Industries Ltd		453,288
	49,870		National Oilwell Varco, Inc		3,605,601
	15,795	*	Newfield Exploration Co		482,221
	29,553		Noble Corp		1,093,461
	20,592		Noble Energy, Inc		1,800,359
	94,877		Occidental Petroleum Corp		8,257,145
	31,922		Peabody Energy Corp		666,531
	73,171		Phillips 66		2,751,230
	14,404		Pioneer Natural Resources Co		1,276,627
	20,482		Questar Market Resources, Inc		615,074
	18,798		Range Resources Corp		1,176,755
	14,293	*	Rowan Cos PLC		502,113
	155,990		Schlumberger Ltd		11,115,847
	40,279	*	Southwestern Energy Co		1,339,277
	76,378		Spectra Energy Corp		2,344,041
	12,129		Sunoco, Inc		584,497
	16,348	*	Tesoro Corp		452,022
	64,720		Valero Energy Corp		1,779,800
	73,221		Williams Cos, Inc		2,327,696
	22,682	*	WPX Energy, Inc		361,778
			TOTAL ENERGY		162,924,064
FOOD & STAPLES RETAILING - 2.5%
	50,576		Costco Wholesale Corp		4,864,400
	149,913		CVS Corp		6,783,563
	65,373		Kroger Co		1,449,319
	27,895	e	Safeway, Inc		433,767

146

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	68,545		Sysco Corp	$	2,014,538
	100,947		Walgreen Co		3,670,433
	201,843		Wal-Mart Stores, Inc		15,023,174
	18,919		Whole Foods Market, Inc		1,736,386
			TOTAL FOOD & STAPLES RETAILING		35,975,580
FOOD, BEVERAGE & TOBACCO - 6.6%
	238,031		Altria Group, Inc		8,561,975
	77,063		Archer Daniels Midland Co		2,010,574
	18,124		Beam, Inc		1,139,637
	11,629		Brown-Forman Corp (Class B)		1,088,009
	20,462		Campbell Soup Co		677,497
	263,869		Coca-Cola Co		21,320,615
	35,120		Coca-Cola Enterprises, Inc		1,029,718
	48,116		ConAgra Foods, Inc		1,187,984
	19,967	*	Constellation Brands, Inc (Class A)		563,269
	20,756	*	Dean Foods Co		256,752
	24,794		Dr Pepper Snapple Group, Inc		1,130,111
	75,745		General Mills, Inc		2,931,332
	37,091		H.J. Heinz Co		2,047,794
	17,799		Hershey Co		1,276,900
	15,845	e	Hormel Foods Corp		442,234
	13,265		J.M. Smucker Co		1,018,752
	28,864		Kellogg Co		1,376,813
	207,400		Kraft Foods, Inc (Class A)		8,235,854
	15,273		Lorillard, Inc		1,964,719
	15,146		McCormick & Co, Inc		922,088
	23,613		Mead Johnson Nutrition Co		1,722,804
	17,915		Molson Coors Brewing Co (Class B)		758,163
	18,000	*	Monster Beverage Corp		1,196,460
	182,938		PepsiCo, Inc		13,305,081
	199,495		Philip Morris International, Inc		18,241,823
	38,791		Reynolds American, Inc		1,794,859
	33,387		Tyson Foods, Inc (Class A)		501,139
			TOTAL FOOD, BEVERAGE & TOBACCO		96,702,956
HEALTH CARE EQUIPMENT & SERVICES - 3.7%
	40,669		Aetna, Inc		1,466,524
	29,398		AmerisourceBergen Corp		1,167,101
	9,821		Bard (C.R.), Inc		955,191
	64,422		Baxter International, Inc		3,769,331
	23,716		Becton Dickinson & Co		1,795,538
	168,564	*	Boston Scientific Corp		871,476
	40,082		Cardinal Health, Inc		1,727,133
	25,362	*	CareFusion Corp		619,086
	16,975	*	Cerner Corp		1,254,792
	33,744		Cigna Corp		1,359,208
	16,554		Coventry Health Care, Inc		551,745
	56,433		Covidien plc		3,153,476
	11,005	*	DaVita, Inc		1,083,112
	16,063		Dentsply International, Inc		583,729
	13,276	*	Edwards Lifesciences Corp		1,343,531

147

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	94,232	*	Express Scripts Holding Co	$	5,459,802
	19,102		Humana, Inc		1,176,683
	4,645	*	Intuitive Surgical, Inc		2,236,568
	11,114	*	Laboratory Corp of America Holdings		934,576
	27,547		McKesson Corp		2,499,339
	121,742		Medtronic, Inc		4,799,070
	10,081		Patterson Cos, Inc		343,762
	18,564		Quest Diagnostics, Inc		1,084,695
	36,884		St. Jude Medical, Inc		1,377,986
	37,885		Stryker Corp		1,971,157
	45,771	*	Tenet Healthcare Corp		211,462
	121,364		UnitedHealth Group, Inc		6,200,487
	12,827	*	Varian Medical Systems, Inc		700,098
	38,716		WellPoint, Inc		2,063,176
	20,382		Zimmer Holdings, Inc		1,201,111
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		53,960,945
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	49,382		Avon Products, Inc		764,927
	15,221		Clorox Co		1,106,719
	55,831		Colgate-Palmolive Co		5,994,016
	26,390		Estee Lauder Cos (Class A)		1,382,308
	45,878		Kimberly-Clark Corp		3,987,257
	320,498		Procter & Gamble Co		20,684,941
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		33,920,168
INSURANCE - 3.5%
	39,627		ACE Ltd		2,912,584
	54,723		Aflac, Inc		2,395,773
	57,510		Allstate Corp		1,972,593
	73,173	*	American International Group, Inc		2,288,120
	37,805		Aon plc		1,860,006
	9,961		Assurant, Inc		360,688
	205,696	*	Berkshire Hathaway, Inc (Class B)		17,451,249
	31,587		Chubb Corp		2,296,059
	18,564		Cincinnati Financial Corp		702,462
	54,124	*	Genworth Financial, Inc (Class A)		272,785
	51,614		Hartford Financial Services Group, Inc		849,050
	33,217		Lincoln National Corp		666,001
	35,382		Loews Corp		1,400,773
	63,842		Marsh & McLennan Cos, Inc		2,120,193
	124,260		Metlife, Inc		3,823,480
	34,759		Principal Financial Group		889,483
	71,352		Progressive Corp		1,408,488
	54,883		Prudential Financial, Inc		2,649,751
	11,469		Torchmark Corp		570,583
	45,524		Travelers Cos, Inc		2,852,079
	33,356		UnumProvident Corp		630,095
	36,570		XL Capital Ltd		755,170
			TOTAL INSURANCE		51,127,465

148

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
MATERIALS - 3.3%
	24,740		Air Products & Chemicals, Inc	$	1,989,838
	8,017		Airgas, Inc		635,909
	124,932		Alcoa, Inc		1,058,174
	12,641		Allegheny Technologies, Inc		379,609
	18,325		Ball Corp		761,587
	11,726		Bemis Co, Inc		360,574
	7,467		CF Industries Holdings, Inc		1,461,740
	16,274		Cleveland-Cliffs, Inc		665,444
	139,855		Dow Chemical Co		4,025,027
	109,623		Du Pont (E.I.) de Nemours & Co		5,448,263
	17,738		Eastman Chemical Co		927,343
	34,187		Ecolab, Inc		2,237,539
	16,056		FMC Corp		878,263
	111,048		Freeport-McMoRan Copper & Gold, Inc (Class B)		3,738,986
	9,240		International Flavors & Fragrances, Inc		515,038
	50,639		International Paper Co		1,661,465
	20,169		MeadWestvaco Corp		572,800
	62,406		Monsanto Co		5,343,202
	34,858		Mosaic Co		2,025,598
	57,990		Newmont Mining Corp		2,578,815
	36,729		Nucor Corp		1,439,777
	18,747	*	Owens-Illinois, Inc		345,882
	17,821		PPG Industries, Inc		1,950,687
	34,944		Praxair, Inc		3,625,789
	21,848		Sealed Air Corp		353,938
	10,037		Sherwin-Williams Co		1,348,471
	13,996		Sigma-Aldrich Corp		968,523
	9,489		Titanium Metals Corp		110,642
	16,917	e	United States Steel Corp		349,336
	15,138		Vulcan Materials Co		586,446
			TOTAL MATERIALS		48,344,705
MEDIA - 3.4%
	25,071		Cablevision Systems Corp (Class A)		384,589
	75,851		CBS Corp (Class B)		2,537,974
	315,382		Comcast Corp (Class A)		10,265,684
	76,630	*	DIRECTV		3,805,446
	29,506	*	Discovery Communications, Inc (Class A)		1,493,889
	27,581		Gannett Co, Inc		389,168
	50,610		Interpublic Group of Cos, Inc		499,521
	32,393		McGraw-Hill Cos, Inc		1,521,175
	246,469		News Corp (Class A)		5,673,716
	31,576		Omnicom Group, Inc		1,584,484
	11,176		Scripps Networks Interactive (Class A)		601,828
	36,565		Time Warner Cable, Inc		3,105,465
	112,307		Time Warner, Inc		4,393,450
	61,752		Viacom, Inc (Class B)		2,884,436
	209,075		Walt Disney Co		10,273,946
	576		Washington Post Co (Class B)		194,976
			TOTAL MEDIA		49,609,747

149

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.2%
	184,042		Abbott Laboratories	$	12,203,825
	40,670		Agilent Technologies, Inc		1,557,255
	22,473	*	Alexion Pharmaceuticals, Inc		2,356,294
	35,982		Allergan, Inc		2,953,043
	90,827		Amgen, Inc		7,502,310
	28,025	*	Biogen Idec, Inc		4,086,886
	197,591		Bristol-Myers Squibb Co		7,034,240
	51,535	*	Celgene Corp		3,528,086
	119,419		Eli Lilly & Co		5,258,018
	31,091	*	Forest Laboratories, Inc		1,043,103
	88,600	*	Gilead Sciences, Inc		4,813,638
	19,324	*	Hospira, Inc		671,509
	321,230		Johnson & Johnson		22,235,541
	20,892	*	Life Technologies Corp		916,741
	355,767		Merck & Co, Inc		15,714,228
	49,645	*	Mylan Laboratories, Inc		1,143,324
	12,855		PerkinElmer, Inc		328,445
	10,817		Perrigo Co		1,233,354
	875,854		Pfizer, Inc		21,055,530
	42,979		Thermo Electron Corp		2,392,641
	10,221	*	Waters Corp		791,923
	14,767	*	Watson Pharmaceuticals, Inc		1,149,316
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		119,969,250
REAL ESTATE - 2.2%
	53,322		AMB Property Corp		1,723,900
	46,170		American Tower Corp		3,338,553
	16,548		Apartment Investment & Management Co (Class A)		453,912
	11,158		AvalonBay Communities, Inc		1,641,230
	17,351		Boston Properties, Inc		1,924,226
	37,348	*	CBRE Group, Inc		581,882
	35,179		Equity Residential		2,227,182
	49,086		HCP, Inc		2,317,350
	24,765		Health Care REIT, Inc		1,541,126
	84,099		Host Marriott Corp		1,234,573
	47,133		Kimco Realty Corp		918,622
	18,436		Plum Creek Timber Co, Inc		748,317
	16,654		Public Storage, Inc		2,480,613
	35,459		Simon Property Group, Inc		5,690,815
	33,820		Ventas, Inc		2,274,395
	21,723		Vornado Realty Trust		1,813,871
	62,253		Weyerhaeuser Co		1,453,608
			TOTAL REAL ESTATE		32,364,175
RETAILING - 3.9%
	9,750		Abercrombie & Fitch Co (Class A)		329,550
	42,160	*	Amazon.com, Inc		9,835,928
	4,847	*,e	Autonation, Inc		191,117
	3,110	*	Autozone, Inc		1,166,965
	27,015	*	Bed Bath & Beyond, Inc		1,646,564
	32,350		Best Buy Co, Inc		585,212
	7,481	*	Big Lots, Inc		303,055

150

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	26,710	*	Carmax, Inc	$	743,339
	27,150	*	Dollar Tree, Inc		1,366,731
	10,667		Expedia, Inc		607,912
	13,420		Family Dollar Stores, Inc		886,794
	15,797	e	GameStop Corp (Class A)		253,068
	38,957		Gap, Inc		1,148,842
	18,243		Genuine Parts Co		1,168,099
	179,051		Home Depot, Inc		9,342,881
	17,198	e	JC Penney Co, Inc		387,127
	27,788		Kohl’s Corp		1,381,619
	27,988		Limited Brands, Inc		1,330,830
	137,682		Lowe’s Companies, Inc		3,492,992
	47,863		Macy’s, Inc		1,715,410
	6,315	*,e	NetFlix, Inc		359,008
	18,411		Nordstrom, Inc		996,772
	14,754	*	O’Reilly Automotive, Inc		1,265,008
	5,826	*	Priceline.com, Inc		3,855,297
	26,393		Ross Stores, Inc		1,753,551
	4,266	*,e	Sears Holdings Corp		211,124
	79,534		Staples, Inc		1,013,263
	77,357		Target Corp		4,691,702
	14,843		Tiffany & Co		815,326
	86,692		TJX Companies, Inc		3,838,722
	10,950	*	TripAdvisor, Inc		409,640
	12,839	*	Urban Outfitters, Inc		392,232
			TOTAL RETAILING		57,485,680
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%
	66,785	*	Advanced Micro Devices, Inc		271,147
	37,367		Altera Corp		1,324,660
	34,546		Analog Devices, Inc		1,350,058
	149,968		Applied Materials, Inc		1,633,152
	57,440		Broadcom Corp (Class A)		1,946,067
	6,574	*,e	First Solar, Inc		102,160
	588,469		Intel Corp		15,123,653
	19,380		Kla-Tencor Corp		986,636
	23,334	*	Lam Research Corp		802,923
	26,935		Linear Technology Corp		868,654
	64,997	*	LSI Logic Corp		448,479
	22,651	e	Microchip Technology, Inc		756,090
	112,898	*	Micron Technology, Inc		701,097
	71,125	*	Nvidia Corp		963,032
	20,898	*	Teradyne, Inc		307,410
	133,881		Texas Instruments, Inc		3,646,918
	30,565		Xilinx, Inc		990,306
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		32,222,442
SOFTWARE & SERVICES - 9.4%
	75,398		Accenture plc		4,546,499
	57,448	*	Adobe Systems, Inc		1,773,994
	20,503	*	Akamai Technologies, Inc		721,296
	26,614	*	Autodesk, Inc		902,747

151

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	57,212		Automatic Data Processing, Inc	$	3,235,339
	18,738	*	BMC Software, Inc		742,025
	40,985		CA, Inc		986,509
	21,562	*	Citrix Systems, Inc		1,567,126
	35,625	*	Cognizant Technology Solutions Corp (Class A)		2,022,431
	17,671		Computer Sciences Corp		435,060
	134,440	*	eBay, Inc		5,955,692
	37,758	*	Electronic Arts, Inc		416,093
	27,657		Fidelity National Information Services, Inc		869,536
	16,043	*	Fiserv, Inc		1,125,095
	29,745	*	Google, Inc (Class A)		18,827,693
	134,916		International Business Machines Corp		26,440,838
	34,356		Intuit, Inc		1,993,335
	12,419		Mastercard, Inc (Class A)		5,421,763
	874,512		Microsoft Corp		25,771,869
	453,910		Oracle Corp		13,708,082
	37,330		Paychex, Inc		1,220,318
	22,345	*	Red Hat, Inc		1,199,033
	31,596		SAIC, Inc		365,566
	16,151	*	Salesforce.com, Inc		2,008,538
	83,246	*	Symantec Corp		1,311,125
	19,542	*	Teradata Corp		1,321,430
	18,761		Total System Services, Inc		443,698
	18,200		VeriSign, Inc		808,444
	58,251		Visa, Inc (Class A)		7,518,456
	71,741		Western Union Co		1,250,446
	142,604	*	Yahoo!, Inc		2,258,847
			TOTAL SOFTWARE & SERVICES		137,168,923
TECHNOLOGY HARDWARE & EQUIPMENT - 8.1%
	18,957		Amphenol Corp (Class A)		1,116,188
	109,365	*	Apple, Inc		66,795,768
	626,614		Cisco Systems, Inc		9,994,493
	177,611		Corning, Inc		2,026,542
	174,251	*	Dell, Inc		2,070,102
	245,634	*	EMC Corp		6,438,067
	9,294	*	F5 Networks, Inc		867,874
	18,042		Flir Systems, Inc		368,959
	13,274		Harris Corp		552,862
	231,341		Hewlett-Packard Co		4,219,660
	20,933		Jabil Circuit, Inc		454,246
	26,281	*	JDS Uniphase Corp		258,605
	61,384	*	Juniper Networks, Inc		1,076,062
	8,335		Lexmark International, Inc (Class A)		145,779
	15,504	e	Molex, Inc		389,460
	34,179		Motorola, Inc		1,652,213
	42,039	*	NetApp, Inc		1,373,414
	200,522		Qualcomm, Inc		11,967,153
	28,525	*	SanDisk Corp		1,173,233
	44,317	e	Seagate Technology, Inc		1,330,396
	50,025		Tyco Electronics Ltd		1,651,325
	27,394	*	Western Digital Corp		1,089,460
	156,127		Xerox Corp		1,081,960
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		118,093,821

152

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 3.3%
	685,763		AT&T, Inc	$	26,004,133
	72,693		CenturyTel, Inc		3,019,667
	29,865	*	Crown Castle International Corp		1,848,046
	112,794	e	Frontier Communications Corp		442,152
	33,427	*	MetroPCS Communications, Inc		292,821
	351,128	*	Sprint Nextel Corp		1,530,918
	332,313		Verizon Communications, Inc		15,000,609
	68,851	e	Windstream Corp		685,756
			TOTAL TELECOMMUNICATION SERVICES		48,824,102
TRANSPORTATION - 1.9%
	18,690		CH Robinson Worldwide, Inc		987,767
	120,934		CSX Corp		2,774,226
	24,611		Expeditors International Washington, Inc		875,413
	36,900		FedEx Corp		3,332,070
	38,120		Norfolk Southern Corp		2,822,786
	5,818		Ryder System, Inc		229,462
	88,182		Southwest Airlines Co		810,393
	55,709		Union Pacific Corp		6,830,480
	112,238		United Parcel Service, Inc (Class B)		8,486,315
			TOTAL TRANSPORTATION		27,148,912
UTILITIES - 3.8%
	75,450	*	AES Corp		909,927
	13,355		AGL Resources, Inc		540,878
	28,392		Ameren Corp		971,290
	56,674		American Electric Power Co, Inc		2,393,910
	49,497		Centerpoint Energy, Inc		1,042,407
	29,844		CMS Energy Corp		735,953
	34,270		Consolidated Edison, Inc		2,210,415
	66,860		Dominion Resources, Inc		3,631,167
	19,904		DTE Energy Co		1,221,508
	82,339		Duke Energy Corp		5,580,937
	37,732		Edison International		1,742,464
	20,475		Entergy Corp		1,487,918
	99,733		Exelon Corp		3,901,555
	48,938		FirstEnergy Corp		2,457,666
	9,022		Integrys Energy Group, Inc		546,192
	48,797		NextEra Energy, Inc		3,459,707
	32,907		NiSource, Inc		842,090
	36,695		Northeast Utilities		1,463,397
	25,876		NRG Energy, Inc		512,862
	24,071		Oneok, Inc		1,071,400
	26,134		Pepco Holdings, Inc		521,635
	49,414		PG&E Corp		2,280,950
	12,445		Pinnacle West Capital Corp		666,305
	67,877		PPL Corp		1,961,645
	58,590		Public Service Enterprise Group, Inc		1,947,532

153

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES		COMPANY	RATE	MATURITY DATE	VALUE
	13,322	SCANA Corp			$	655,043
	28,071	Sempra Energy				1,976,479
	101,630	Southern Co				4,893,485
	24,536	TECO Energy, Inc				446,310
	26,967	Wisconsin Energy Corp				1,098,635
	56,391	Xcel Energy, Inc				1,652,256
		TOTAL UTILITIES				54,823,918
		TOTAL COMMON STOCKS				1,455,320,919
		(Cost $1,311,618,102)

PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 1.0%
TREASURY DEBT - 0.2%
	$2,900,000		United States Treasury Bill	0.056	%	08/02/12		2,899,995
								2,899,995
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%
	11,349,643	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust					11,349,643
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					11,349,643
			TOTAL SHORT-TERM INVESTMENTS					14,249,638
			(Cost $14,249,638)
			TOTAL INVESTMENTS - 100.8%					1,469,570,557
			(Cost $1,325,867,740)
			OTHER ASSETS & LIABILITIES, NET - (0.8)%					(11,856,658	)
			NET ASSETS - 100.0%				$	1,457,713,899

	Abbreviation(s):
	REIT     Real Estate Investment Trust
*	Non-income producing.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $11,085,700.

154

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS
SMALL-CAP BLEND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.8%
AUTOMOBILES & COMPONENTS - 0.8%
	48,287	*	American Axle & Manufacturing Holdings, Inc	$	521,017
	22,015	*	Amerigon, Inc (Class A)		247,669
	45,823		Cooper Tire & Rubber Co		800,528
	109,227		Dana Holding Corp		1,439,612
	17,982	*	Dorman Products, Inc		516,443
	13,885		Drew Industries, Inc		372,951
	55,530	*	Exide Technologies		162,703
	13,306	*	Federal Mogul Corp (Class A)		132,395
	10,898	*,e	Fuel Systems Solutions, Inc		193,112
	33,646	*	Modine Manufacturing Co		225,765
	3,652		Shiloh Industries, Inc		38,382
	25,433		Spartan Motors, Inc		129,708
	14,293		Standard Motor Products, Inc		200,959
	20,154	*	Stoneridge, Inc		129,389
	17,122		Superior Industries International, Inc		292,615
	44,340	*	Tenneco, Inc		1,298,719
	4,600	*	Tower International, Inc		39,514
	20,738	*,e	Winnebago Industries, Inc		210,076
			TOTAL AUTOMOBILES & COMPONENTS		6,951,557
BANKS - 8.0%
	11,157		1st Source Corp		247,909
	21,536	*	1st United Bancorp, Inc		127,708
	5,325		Access National Corp		73,591
	3,530		Alliance Financial Corp		124,009
	5,639	e	American National Bankshares, Inc		127,554
	17,684	*	Ameris Bancorp		211,147
	5,674	e	Ames National Corp		122,785
	17,423		Apollo Residential Mortgage		348,983
	7,882	e	Arrow Financial Corp		191,690
	62,759	e	Astoria Financial Corp		591,190
	4,884		Bancfirst Corp		198,388
	20,395		Banco Latinoamericano de Exportaciones S.A. (Class E)		414,426
	69,369		Bancorpsouth, Inc		1,005,157
	33,364		Bank Mutual Corp		142,131
	4,158		Bank of Kentucky Financial Corp		102,162
	3,873		Bank of Marin Bancorp		144,928
	21,066		Bank of the Ozarks, Inc		678,115
	14,300		BankFinancial Corp		112,398
	13,496		Banner Corp		306,764
	2,806		Bar Harbor Bankshares		97,733
	56,230	*	BBCN Bancorp, Inc		637,648
	24,243	*	Beneficial Mutual Bancorp, Inc		207,520
	3,043	*	Berkshire Bancorp, Inc		25,166

155

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	15,995		Berkshire Hills Bancorp, Inc	$	359,248
	7,008	*	BofI Holding, Inc		141,351
	56,354		Boston Private Financial Holdings, Inc		530,291
	6,203	e	Bridge Bancorp, Inc		124,370
	6,473	*,e	Bridge Capital Holdings		100,526
	50,010		Brookline Bancorp, Inc		420,584
	8,566		Bryn Mawr Bank Corp		177,145
	5,941	*	BSB Bancorp, Inc		73,965
	2,322		C&F Financial Corp		95,039
	5,599		Camden National Corp		201,956
	7,650	*	Cape Bancorp, Inc		70,992
	10,208	*,e	Capital Bank Corp		24,193
	8,226	e	Capital City Bank Group, Inc		60,297
	21,091		Cardinal Financial Corp		269,965
	4,317	*,e	Cascade Bancorp		22,362
	57,688		Cathay General Bancorp		933,969
	8,770		Center Bancorp, Inc		96,909
	21,732		Centerstate Banks of Florida, Inc		168,423
	15,603	*	Central Pacific Financial Corp		209,080
	2,420		Century Bancorp, Inc		72,794
	4,875		Charter Financial Corp		43,241
	19,831		Chemical Financial Corp		444,809
	8,818		Citizens & Northern Corp		163,045
	28,881	*	Citizens Republic Bancorp, Inc		519,858
	10,962	e	City Holding Co		362,294
	6,948		Clifton Savings Bancorp, Inc		67,743
	8,706		CNB Financial Corp		143,388
	26,134		CoBiz, Inc		175,098
	29,097		Columbia Banking System, Inc		525,201
	28,932		Community Bank System, Inc		795,919
	10,523		Community Trust Bancorp, Inc		357,151
	1,911	*	Crescent Financial Bancshares, Inc		10,167
	64,599	e	CVB Financial Corp		762,268
	22,645		Dime Community Bancshares		328,352
	98,663	*	Doral Financial Corp		134,182
	12,116	*	Eagle Bancorp, Inc		215,059
	4,190	e	Enterprise Bancorp, Inc		69,596
	13,899		Enterprise Financial Services Corp		174,432
	8,282	e	ESB Financial Corp		116,693
	7,349		ESSA Bancorp, Inc		77,679
	16,105	*	EverBank Financial Corp		192,938
	13,526	e	Farmers National Banc Corp		79,533
	7,042		Federal Agricultural Mortgage Corp (Class C)		177,036
	6,928	e	Fidelity Southern Corp		62,907
	10,038		Financial Institutions, Inc		172,654
	12,692		First Bancorp (NC)		108,136
	50,627	*	First Bancorp (Puerto Rico)		191,370
	6,044	e	First Bancorp, Inc		101,539
	57,212		First Busey Corp		266,608
	16,215	*	First California Financial Group, Inc		108,803
	75,885		First Commonwealth Financial Corp		531,954
	12,770		First Community Bancshares, Inc		185,037

156

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	12,530	e	First Connecticut Bancorp	$	166,774
	7,031		First Defiance Financial Corp		114,254
	2,536	*,e	First Federal Bancshares of Arkansas, Inc		21,099
	42,178		First Financial Bancorp		673,161
	22,810	e	First Financial Bankshares, Inc		786,831
	8,135		First Financial Corp		241,203
	11,892		First Financial Holdings, Inc		140,326
	11,582	*	First Financial Northwest, Inc		94,972
	11,742		First Interstate Bancsystem, Inc		169,202
	20,665		First Merchants Corp		294,063
	54,027		First Midwest Bancorp, Inc		610,505
	6,124		First of Long Island Corp		175,698
	7,617	e	First Pactrust Bancorp, Inc		85,691
	80,105		FirstMerit Corp		1,297,701
	22,278		Flushing Financial Corp		314,343
	102,393		FNB Corp		1,114,036
	7,199	*,e	FNB United Corp		85,524
	9,608		Fox Chase Bancorp, Inc		143,159
	10,885	*	Franklin Financial Corp		175,684
	9,123		German American Bancorp, Inc		185,653
	52,855		Glacier Bancorp, Inc		801,810
	7,546		Great Southern Bancorp, Inc		231,285
	8,930	*,e	Greene County Bancshares, Inc		16,163
	55,053	*,e	Guaranty Bancorp		105,702
	55,580		Hancock Holding Co		1,694,078
	22,749	*	Hanmi Financial Corp		249,102
	10,468		Heartland Financial USA, Inc		273,529
	15,044	*	Heritage Commerce Corp		92,220
	11,288		Heritage Financial Corp		156,339
	6,264	e	Heritage Financial Group		83,875
	14,562	*,e	Heritage Oaks Bancorp		78,635
	803		Hingham Institution for Savings		48,750
	4,910	*	Home Bancorp, Inc		82,586
	16,132		Home Bancshares, Inc		486,380
	11,392		Home Federal Bancorp, Inc		113,009
	9,310	e	Home Loan Servicing Solutions Ltd		133,878
	3,040	*	HomeStreet, Inc		111,446
	2,695		Horizon Bancorp		72,711
	11,284		Hudson Valley Holding Corp		190,248
	21,625		IBERIABANK Corp		1,012,699
	16,086	e	Independent Bank Corp		477,915
	39,182		International Bancshares Corp		718,206
	32,110	*	Investors Bancorp, Inc		522,430
	10,926		Kearny Financial Corp		106,201
	6,526		K-Fed Bancorp		94,888
	19,484		Lakeland Bancorp, Inc		183,539
	11,947		Lakeland Financial Corp		307,516
	14,766		MainSource Financial Group, Inc		172,467
	39,437		MB Financial, Inc		796,233
	7,034	*,e	Mercantile Bank Corp		116,483
	3,624		Merchants Bancshares, Inc		95,819
	6,569	*	Meridian Interstate Bancorp, Inc		100,965

157

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,415	*,e	MetroCorp Bancshares, Inc	$	118,031
	135,342	*,e	MGIC Investment Corp		326,174
	3,876		Middleburg Financial Corp		62,675
	5,877	e	Midsouth Bancorp, Inc		83,747
	4,884		MidWestOne Financial Group, Inc		103,932
	3,012	*,e	NASB Financial, Inc		57,198
	5,048	e	National Bankshares, Inc		153,560
	88,984		National Penn Bancshares, Inc		786,619
	13,839	*,e	Nationstar Mortgage Holdings, Inc		304,735
	24,812		NBT Bancorp, Inc		521,300
	10,601		Northfield Bancorp, Inc		158,697
	4,678		Northrim BanCorp, Inc		94,308
	70,512		Northwest Bancshares, Inc		821,465
	10,949		OceanFirst Financial Corp		149,016
	78,326	*	Ocwen Financial Corp		1,547,722
	69,428		Old National Bancorp		849,799
	8,087	*	OmniAmerican Bancorp, Inc		169,746
	31,196		Oriental Financial Group, Inc		323,814
	33,044		Oritani Financial Corp		465,590
	3,178	*	Pacific Capital Bancorp		144,980
	13,789		Pacific Continental Corp		127,272
	7,741	*	Pacific Mercantile Bancorp		51,710
	21,880		PacWest Bancorp		501,271
	8,335	e	Park National Corp		564,613
	26,745	*	Park Sterling Bank		122,760
	6,388	e	Peapack Gladstone Financial Corp		97,736
	2,710	e	Penns Woods Bancorp, Inc		105,555
	11,485	*	Pennsylvania Commerce Bancorp, Inc		143,562
	7,887		Peoples Bancorp, Inc		172,410
	4,403	*,e	Peoples Federal Bancshares, Inc		73,794
	24,945	*	Pinnacle Financial Partners, Inc		487,675
	9,771	*	Preferred Bank		105,331
	43,960		PrivateBancorp, Inc		673,467
	34,852		Prosperity Bancshares, Inc		1,413,946
	7,006		Provident Financial Holdings, Inc		85,753
	43,377		Provident Financial Services, Inc		660,632
	25,586		Provident New York Bancorp		211,340
	96,950	e	Radian Group, Inc		271,460
	18,463		Renasant Corp		326,795
	7,676	e	Republic Bancorp, Inc (Class A)		181,230
	21,298		Rockville Financial, Inc		248,122
	5,766		Roma Financial Corp		52,413
	21,162	e	S&T Bancorp, Inc		349,173
	9,250	e	S.Y. Bancorp, Inc		216,172
	18,027		Sandy Spring Bancorp, Inc		321,061
	10,865		SCBT Financial Corp		402,440
	52,467	*	Seacoast Banking Corp of Florida		73,454
	7,627		SI Financial Group, Inc		89,236
	7,949	e	Sierra Bancorp		84,895
	12,437	e	Simmons First National Corp (Class A)		290,280
	12,759	e	Southside Bancshares, Inc		266,153
	14,047	*	Southwest Bancorp, Inc		129,232

158

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,875	*	State Bank & Trust Co	$	363,941
	16,290		StellarOne Corp		218,123
	22,415		Sterling Bancorp		214,960
	19,252	*	Sterling Financial Corp		386,195
	7,000	*	Suffolk Bancorp		91,000
	27,094	*	Sun Bancorp, Inc		79,656
	136,999		Susquehanna Bancshares, Inc		1,460,409
	11,744	*,e	Taylor Capital Group, Inc		204,933
	8,372		Territorial Bancorp, Inc		196,742
	27,820	*	Texas Capital Bancshares, Inc		1,198,764
	20,796	*	The Bancorp, Inc		194,443
	7,076	e	Tompkins Trustco, Inc		277,804
	18,968	e	TowneBank		271,242
	4,375	*	Tree.com, Inc		56,525
	11,546		Trico Bancshares		176,076
	67,519		Trustco Bank Corp NY		372,030
	47,434		Trustmark Corp		1,146,954
	23,657		UMB Financial Corp		1,136,955
	81,154		Umpqua Holdings Corp		1,012,802
	14,669		Union Bankshares Corp		223,996
	36,829	e	United Bankshares, Inc		858,116
	30,135	*,e	United Community Banks, Inc		205,219
	10,901		United Financial Bancorp, Inc		155,339
	12,709		Univest Corp of Pennsylvania		202,200
	24,682		ViewPoint Financial Group		434,527
	19,312	*	Virginia Commerce Bancorp		155,848
	7,680	*	Walker & Dunlop, Inc		97,075
	10,627		Washington Banking Co		148,565
	10,389		Washington Trust Bancorp, Inc		257,855
	5,213	*,e	Waterstone Financial, Inc		17,359
	52,015		Webster Financial Corp		1,067,348
	17,029		WesBanco, Inc		352,671
	10,920		West Bancorporation, Inc		110,729
	14,399	*	West Coast Bancorp		286,396
	20,415	e	Westamerica Bancorporation		939,090
	50,378	*	Western Alliance Bancorp		464,485
	20,465		Westfield Financial, Inc		152,669
	44,622	*	Wilshire Bancorp, Inc		282,903
	26,611		Wintrust Financial Corp		976,890
	5,368		WSFS Financial Corp		222,396
			TOTAL BANKS		67,489,518
CAPITAL GOODS - 8.6%
	28,683		A.O. Smith Corp		1,417,514
	77,477	*,e	A123 Systems, Inc		34,090
	13,678		Aaon, Inc		249,897
	28,951		AAR Corp		411,394
	34,143	*	Accuride Corp		177,202
	20,443		Aceto Corp		179,490
	53,274		Actuant Corp (Class A)		1,516,178
	31,144		Acuity Brands, Inc		1,804,483
	28,333	*	Aegion Corp		492,994

159

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,048	*	Aerovironment, Inc	$	304,801
	42,361		Aircastle Ltd		501,131
	5,320		Alamo Group, Inc		152,312
	20,290		Albany International Corp (Class A)		363,191
	19,381		Altra Holdings, Inc		320,174
	14,527	*	Ameresco, Inc		176,648
	6,790	*	American Railcar Industries, Inc		206,620
	6,618		American Science & Engineering, Inc		377,491
	30,097	*	American Superconductor Corp		111,660
	6,977	*	American Woodmark Corp		116,307
	5,930		Ampco-Pittsburgh Corp		93,160
	23,366	*	API Technologies Corp		80,379
	20,391		Apogee Enterprises, Inc		330,130
	30,978		Applied Industrial Technologies, Inc		1,151,143
	7,111		Argan, Inc		112,425
	69,514	*	ArvinMeritor, Inc		325,326
	14,711	*	Astec Industries, Inc		429,561
	7,576	*	Astronics Corp		227,886
	18,210		AZZ, Inc		559,229
	39,818		Barnes Group, Inc		950,058
	34,365	*	Beacon Roofing Supply, Inc		911,016
	33,279		Belden CDT, Inc		1,069,254
	35,295	*	Blount International, Inc		501,895
	17,414	*	Bluelinx Holdings, Inc		37,440
	35,995		Brady Corp (Class A)		954,947
	35,160		Briggs & Stratton Corp		613,190
	32,692	*,e	Builders FirstSource, Inc		117,691
	9,513	*	CAI International, Inc		196,729
	214,969	*,e	Capstone Turbine Corp		223,568
	6,860		Cascade Corp		323,175
	17,814		Ceradyne, Inc		391,908
	21,976	*	Chart Industries, Inc		1,425,363
	12,556		CIRCOR International, Inc		386,599
	36,866		Clarcor, Inc		1,782,471
	5,774		Coleman Cable, Inc		50,061
	14,651	*	Columbus McKinnon Corp		215,516
	26,444		Comfort Systems USA, Inc		258,887
	18,820	*	Commercial Vehicle Group, Inc		145,102
	4,082	*	CPI Aerostructures, Inc		46,331
	11,475		Cubic Corp		555,046
	34,417		Curtiss-Wright Corp		1,031,477
	26,105	*	DigitalGlobe, Inc		508,264
	15,932	e	Douglas Dynamics, Inc		213,011
	6,353	*	DXP Enterprises, Inc		280,803
	24,922	*	Dycom Industries, Inc		434,141
	9,476		Dynamic Materials Corp		158,344
	4,473		Eastern Co		79,843
	10,778	*	Edgen Group, Inc		80,835
	48,984		EMCOR Group, Inc		1,289,749
	13,932		Encore Wire Corp		381,737
	31,088	*,e	Energy Recovery, Inc		69,948
	35,233	*	EnerSys		1,203,207

160

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	5,725	*,e	Enphase Energy, Inc	$	33,262
	15,118	*	EnPro Industries, Inc		521,117
	19,605		ESCO Technologies, Inc		705,976
	22,501	*	Esterline Technologies Corp		1,321,259
	44,940	*	Federal Signal Corp		254,810
	33,987	*	Flow International Corp		108,758
	17,158		Franklin Electric Co, Inc		967,883
	8,547		Freightcar America, Inc		173,846
	114,776	*,e	FuelCell Energy, Inc		119,367
	26,517	*	Furmanite Corp		118,796
	43,064	*	GenCorp, Inc		363,891
	17,900		Generac Holdings, Inc		408,478
	11,428	*	GeoEye, Inc		290,614
	22,093	*	Gibraltar Industries, Inc		210,325
	12,380	e	Global Power Equipment Group, Inc		254,409
	10,952		Gorman-Rupp Co		304,028
	6,839		Graham Corp		116,605
	28,397		Granite Construction, Inc		735,482
	42,595		Great Lakes Dredge & Dock Corp		303,702
	16,489	*	Greenbrier Cos, Inc		268,771
	33,671		Griffon Corp		295,968
	20,715	*	H&E Equipment Services, Inc		292,496
	8,392		Hardinge, Inc		76,535
	38,396	e	Heico Corp		1,370,353
	73,258	*	Hexcel Corp		1,706,179
	13,452	e	Houston Wire & Cable Co		154,025
	4,659	*	Hurco Cos, Inc		95,044
	38,833	*	II-VI, Inc		677,248
	12,194		Insteel Industries, Inc		121,452
	22,874	*	Interline Brands, Inc		580,542
	20,835		John Bean Technologies Corp		305,233
	8,964	*	Kadant, Inc		185,644
	19,437		Kaman Corp		633,257
	23,413		Kaydon Corp		494,014
	13,299	*,e	KEYW Holding Corp		146,422
	28,991	*,e	Kratos Defense & Security Solutions, Inc		163,799
	14,327	*	Layne Christensen Co		302,300
	6,827		LB Foster Co (Class A)		202,011
	9,172	e	Lindsay Manufacturing Co		650,295
	6,452	*	LMI Aerospace, Inc		116,330
	13,808		LSI Industries, Inc		89,062
	12,349	*	Lydall, Inc		157,573
	43,001	*	Mastec, Inc		686,296
	11,225		Met-Pro Corp		101,586
	6,399	*	Michael Baker Corp		161,383
	13,711	*	Middleby Corp		1,342,581
	8,413		Miller Industries, Inc		138,141
	33,148	*	Moog, Inc (Class A)		1,206,256
	19,910		Mueller Industries, Inc		848,763
	112,982		Mueller Water Products, Inc (Class A)		399,956
	14,803	*	MYR Group, Inc		241,585
	4,133		Nacco Industries, Inc (Class A)		413,920

161

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	3,432	e	National Presto Industries, Inc	$	228,365
	13,609	*	NCI Building Systems, Inc		146,433
	12,120	*	NN, Inc		109,080
	5,870	*	Nortek, Inc		299,488
	7,144	*	Northwest Pipe Co		173,956
	1,883	*,e	Omega Flex, Inc		18,811
	42,568	*	Orbital Sciences Corp		557,641
	19,545	*	Orion Marine Group, Inc		141,310
	2,880	*	Patrick Industries, Inc		33,523
	25,790		Perini Corp		292,974
	14,139	*,e	Pgt, Inc		41,569
	12,275	*	Pike Electric Corp		105,197
	14,691	*,e	PMFG, Inc		117,528
	6,633	*	Powell Industries, Inc		227,313
	1,801		Preformed Line Products Co		97,488
	21,553		Primoris Services Corp		266,180
	3,950	*,e	Proto Labs, Inc		149,429
	26,300		Quanex Building Products Corp		444,470
	26,552		Raven Industries, Inc		869,047
	16,318	*	RBC Bearings, Inc		764,335
	20,752	*,e	Rexnord Corp		402,589
	28,401		Robbins & Myers, Inc		1,301,902
	24,011	*	Rush Enterprises, Inc (Class A)		387,778
	8,519		Sauer-Danfoss, Inc		308,303
	221	*	Seaboard Corp		486,200
	8,281		SeaCube Container Leasing Ltd		145,414
	1,802		SIFCO Industries, Inc		34,688
	29,335		Simpson Manufacturing Co, Inc		711,081
	9,395		Standex International Corp		401,918
	11,937	*	Sterling Construction Co, Inc		118,535
	15,361		Sun Hydraulics Corp		346,851
	7,616		Sypris Solutions, Inc		47,295
	21,071		TAL International Group, Inc		719,575
	42,031	*	Taser International, Inc		227,388
	26,956	*	Teledyne Technologies, Inc		1,679,359
	13,642		Tennant Co		568,462
	8,852	e	Textainer Group Holdings Ltd		333,012
	10,594	*,e	Thermon Group Holdings		227,559
	31,088	e	Titan International, Inc		642,589
	12,194	*,e	Titan Machinery, Inc		346,797
	10,657	*,e	Trex Co, Inc		271,540
	23,216	*	Trimas Corp		504,716
	6,410	e	Twin Disc, Inc		125,508
	14,443		Universal Forest Products, Inc		461,165
	55,680	*,e	USG Corp		904,243
	14,178		Vicor Corp		95,134
	49,237	*	Wabash National Corp		333,827
	21,643		Watsco, Inc		1,470,425
	21,867		Watts Water Technologies, Inc (Class A)		735,606
	3,722	*	Willis Lease Finance Corp		46,674
	50,366		Woodward Governor Co		1,690,787
			TOTAL CAPITAL GOODS		72,209,107

162

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 3.6%
	38,747		ABM Industries, Inc	$	720,694
	36,233	*	Acacia Research (Acacia Technologies)		1,025,756
	83,271	*	ACCO Brands Corp		705,305
	14,735		Acorn Energy, Inc		127,900
	16,375		Administaff, Inc		429,680
	25,154	*	Advisory Board Co		1,131,679
	13,386		American Ecology Corp		261,027
	26,289	*	American Reprographics Co		114,883
	11,421	*	Asset Acceptance Capital Corp		66,584
	7,979		Asta Funding, Inc		74,364
	6,946	*	AT Cross Co		66,890
	5,668		Barrett Business Services, Inc		148,048
	34,070		Brink’s Co		790,424
	17,396	*	Casella Waste Systems, Inc (Class A)		87,850
	27,027	*,e	CBIZ, Inc		142,973
	9,882		CDI Corp		159,693
	5,162	e	Ceco Environmental Corp		41,296
	40,603	*,e	Cenveo, Inc		76,740
	780		Compx International, Inc		10,015
	5,868	*	Consolidated Graphics, Inc		139,130
	81,300	*,e	Coolbrands International, Inc		163,413
	24,354		Corporate Executive Board Co		1,123,450
	7,434		Courier Corp		82,666
	7,931	*	CRA International, Inc		122,851
	37,270		Deluxe Corp		1,055,486
	22,031	*	Dolan Media Co		107,511
	15,809	*	Encore Capital Group, Inc		442,652
	65,159	*,e	EnergySolutions, Inc		108,164
	17,481	*,e	EnerNOC, Inc		110,830
	18,690		Ennis, Inc		268,015
	9,901	*	Exponent, Inc		511,783
	9,980	*	Franklin Covey Co		103,892
	30,631	*	FTI Consulting, Inc		782,009
	14,067		G & K Services, Inc (Class A)		443,251
	45,158	*	Geo Group, Inc		1,044,053
	10,648	*	GP Strategies Corp		182,187
	49,193		Healthcare Services Group		1,066,504
	13,448		Heidrick & Struggles International, Inc		179,934
	5,526	*,e	Heritage-Crystal Clean, Inc		96,594
	42,867		Herman Miller, Inc		784,466
	18,722	*	Hill International, Inc		72,829
	33,418		HNI Corp		887,916
	23,999	*	Hudson Highland Group, Inc		109,195
	16,532	*	Huron Consulting Group, Inc		556,798
	14,306	*	ICF International, Inc		351,498
	112,439	*,e	ICO Global Communications Holdings Ltd		124,807
	22,919	*,e	Innerworkings, Inc		274,799
	43,383		Interface, Inc		575,259
	6,643		Intersections, Inc		94,596
	19,323		Kelly Services, Inc (Class A)		229,171

163

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,512	*	Kforce, Inc	$	248,894
	23,487		Kimball International, Inc (Class B)		219,603
	34,526		Knoll, Inc		472,661
	34,490	*	Korn/Ferry International		453,888
	18,131		McGrath RentCorp		482,466
	29,242	*	Metalico, Inc		56,730
	20,297		Mine Safety Appliances Co		696,593
	11,516	*	Mistras Group, Inc		258,880
	27,563	*	Mobile Mini, Inc		394,702
	9,721		Multi-Color Corp		188,976
	37,358	*	Navigant Consulting, Inc		434,474
	4,826		NL Industries, Inc		56,947
	52,793	*,e	Odyssey Marine Exploration, Inc		198,502
	31,874	*	On Assignment, Inc		496,916
	12,534	*	Portfolio Recovery Associates, Inc		1,061,379
	18,140	e	Quad		279,175
	31,363		Resources Connection, Inc		354,088
	15,284	*	RPX Corp		191,814
	8,990		Schawk, Inc (Class A)		102,306
	11,323	*	Standard Parking Corp		240,161
	55,564		Steelcase, Inc (Class A)		476,183
	28,302	*	SYKES Enterprises, Inc		418,587
	14,358	*	Team, Inc		447,108
	46,467	*	Tetra Tech, Inc		1,194,667
	9,305	*	TMS International Corp		91,003
	12,784	*	TRC Cos, Inc		83,991
	29,125	*	TrueBlue, Inc		443,283
	10,627		Unifirst Corp		665,463
	30,050		United Stationers, Inc		757,561
	14,593		Viad Corp		252,897
	2,966		VSE Corp		68,099
	4,691	*	WageWorks, Inc		66,565
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		30,232,072
CONSUMER DURABLES & APPAREL - 3.1%
	25,598		American Greetings Corp (Class A)		340,197
	9,125	*	Arctic Cat, Inc		401,500
	8,123		Bassett Furniture Industries, Inc		99,507
	102,471	*,e	Beazer Homes USA, Inc		237,733
	7,488		Blyth, Inc		256,688
	65,181		Brunswick Corp		1,433,330
	46,424	e	Callaway Golf Co		254,868
	4,968	*	Cavco Industries, Inc		237,768
	5,865		Cherokee, Inc		78,591
	15,126	*	Clarus Corp		148,840
	9,126	e	Columbia Sportswear Co		461,684
	66,213	*	CROCS, Inc		1,016,370
	7,028		CSS Industries, Inc		131,705
	6,322		Culp, Inc		63,220
	4,922	*	Delta Apparel, Inc		68,908
	17,454	e	Ethan Allen Interiors, Inc		360,076

164

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	79,936	*,e	Fifth & Pacific Cos, Inc	$	885,691
	3,256		Flexsteel Industries, Inc		69,646
	12,178	*	G-III Apparel Group Ltd		299,213
	23,367	*	Helen of Troy Ltd		711,759
	7,785	*,e	Hooker Furniture Corp		91,785
	72,031	*,e	Hovnanian Enterprises, Inc (Class A)		167,112
	51,532	*	Iconix Brand Group, Inc		913,662
	19,807	*,e	iRobot Corp		450,807
	19,077		Jakks Pacific, Inc		305,614
	4,065	*	Johnson Outdoors, Inc		85,080
	59,250		Jones Apparel Group, Inc		626,273
	57,607	e	KB Home		532,289
	5,302	*	Kenneth Cole Productions, Inc (Class A)		79,742
	18,887	*,e	K-Swiss, Inc (Class A)		58,739
	37,114	*	La-Z-Boy, Inc		443,883
	36,421	*	Leapfrog Enterprises, Inc		418,477
	14,820	*	Libbey, Inc		215,186
	6,978		Lifetime Brands, Inc		89,877
	13,410	*	M/I Homes, Inc		222,472
	16,977	*	Maidenform Brands, Inc		357,875
	6,663		Marine Products Corp		36,313
	28,485		MDC Holdings, Inc		907,532
	22,367	*	Meritage Homes Corp		785,082
	13,004		Movado Group, Inc		304,814
	10,103		Oxford Industries, Inc		436,854
	8,684	*	Perry Ellis International, Inc		163,693
	34,791		Pool Corp		1,282,396
	94,002	*	Quiksilver, Inc		271,666
	5,854		RG Barry Corp		77,975
	32,566		Ryland Group, Inc		777,676
	36,798	*,e	Sealy Corp		61,453
	28,142	*	Skechers U.S.A., Inc (Class A)		561,152
	11,683	*,e	Skullcandy, Inc		168,352
	48,412	*	Smith & Wesson Holding Corp		488,961
	78,213	*,e	Standard-Pacific Corp		443,468
	4,684	*	Steinway Musical Instruments, Inc		115,414
	28,831	*	Steven Madden Ltd		1,165,637
	14,322	e	Sturm Ruger & Co, Inc		707,937
	18,602		True Religion Apparel, Inc		488,117
	15,545	*,e	Tumi Holdings, Inc		280,587
	10,000	*	Unifi, Inc		110,800
	10,847	*	Universal Electronics, Inc		136,564
	14,513	*,e	Vera Bradley, Inc		330,751
	29,962	*	Warnaco Group, Inc		1,278,179
	5,253		Weyco Group, Inc		125,021
	35,633		Wolverine World Wide, Inc		1,583,174
	18,383	*,e	Zagg, Inc		204,051
			TOTAL CONSUMER DURABLES & APPAREL		25,909,786
CONSUMER SERVICES - 4.2%
	18,081	*	AFC Enterprises		399,409
	13,261	*,e	American Public Education, Inc		332,984

165

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,301		Ameristar Casinos, Inc	$	409,958
	10,531	*	Ascent Media Corp (Series A)		524,233
	8,639		Benihana, Inc		140,125
	18,002	*,e	BJ’s Restaurants, Inc		712,519
	10,276	*	Bluegreen Corp		49,222
	21,020		Bob Evans Farms, Inc		809,690
	41,215	*,e	Boyd Gaming Corp		234,925
	14,097	*	Bravo Brio Restaurant Group, Inc		254,733
	12,923	*,e	Bridgepoint Education, Inc		117,599
	13,575	*	Buffalo Wild Wings, Inc		985,409
	26,542	*,e	Caesars Entertainment Corp		222,422
	9,950	*	Capella Education Co		263,874
	37,322	*	Career Education Corp		175,787
	15,246	*,e	Caribou Coffee Co, Inc		173,347
	13,154		Carriage Services, Inc		106,284
	12,109	*	Carrols Restaurant Group, Inc		65,510
	13,881		CBRL Group, Inc		869,783
	13,352		CEC Entertainment, Inc		460,110
	39,484	*	Cheesecake Factory		1,323,504
	9,380		Churchill Downs, Inc		519,089
	23,138	*,e	Coinstar, Inc		1,098,824
	3,871	e	Collectors Universe		56,478
	59,067	*,e	Corinthian Colleges, Inc		119,315
	70,925	*	Denny’s Corp		309,233
	11,019	*	DineEquity, Inc		587,313
	42,471		Domino’s Pizza, Inc		1,449,960
	19,210	*,e	Education Management Corp		72,230
	4,812		Einstein Noah Restaurant Group, Inc		81,804
	11,674	*	Fiesta Restaurant Group, Inc		179,663
	2,256		Frisch’s Restaurants, Inc		73,343
	23,027	*	Gaylord Entertainment Co		846,242
	29,514	*	Grand Canyon Education, Inc		491,113
	41,041		Hillenbrand, Inc		709,599
	4,777	*	Ignite Restaurant Group, Inc		65,302
	19,990		International Speedway Corp (Class A)		512,544
	28,589		Interval Leisure Group, Inc		524,322
	15,946	*	Isle of Capri Casinos, Inc		93,603
	32,432	*	Jack in the Box, Inc		875,340
	51,357	*	Jamba, Inc		140,718
	19,639	*,e	K12, Inc		355,073
	42,838	*	Krispy Kreme Doughnuts, Inc		261,312
	31,551	*	Life Time Fitness, Inc		1,432,731
	18,706		Lincoln Educational Services Corp		81,558
	15,632	*	Luby’s, Inc		103,640
	8,786		Mac-Gray Corp		121,510
	14,126		Marcus Corp		185,333
	19,173	*	Marriott Vacations Worldwide Corp		594,746
	20,339		Matthews International Corp (Class A)		589,831
	6,008	*	Monarch Casino & Resort, Inc		44,880
	15,521	*	Morgans Hotel Group Co		76,984
	16,326	*	MTR Gaming Group, Inc		58,774
	20,078	*	Multimedia Games, Inc		284,104

166

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	1,932	*,e	Nathan’s Famous, Inc	$	58,520
	5,435		National American University Holdings, Inc		22,447
	69,797	*	Orient-Express Hotels Ltd (Class A)		636,549
	13,010	*	Papa John’s International, Inc		663,640
	9,556	*,e	Peet’s Coffee & Tea, Inc		720,522
	46,152	*	Pinnacle Entertainment, Inc		500,749
	18,511	*	Premier Exhibitions, Inc		40,539
	10,622	*	Red Lion Hotels Corp		79,453
	10,605	*	Red Robin Gourmet Burgers, Inc		316,559
	42,268		Regis Corp		715,175
	47,327	*	Ruby Tuesday, Inc		303,366
	25,394	*	Ruth’s Chris Steak House, Inc		170,648
	42,040	*	Scientific Games Corp (Class A)		355,658
	39,619	*	Shuffle Master, Inc		578,834
	28,840		Six Flags Entertainment Corp		1,661,472
	44,615	*	Sonic Corp		441,689
	50,030		Sotheby’s (Class A)		1,468,380
	8,388		Speedway Motorsports, Inc		133,453
	871	*	Steak N Shake Co		327,278
	11,320	*	Steiner Leisure Ltd		472,044
	54,322	e	Stewart Enterprises, Inc (Class A)		371,019
	8,669	e	Strayer Education, Inc		629,890
	45,190		Texas Roadhouse, Inc (Class A)		782,239
	16,694	*	Town Sports International Holdings, Inc		215,686
	15,088		Universal Technical Institute, Inc		173,361
	26,489		Vail Resorts, Inc		1,314,914
	40,573	*	WMS Industries, Inc		745,326
			TOTAL CONSUMER SERVICES		35,527,348
DIVERSIFIED FINANCIALS - 3.5%
	148,233		Apollo Investment Corp		1,138,429
	24,594	e	Artio Global Investors, Inc		79,439
	70,928		BGC Partners, Inc (Class A)		352,512
	54,039		BlackRock Kelso Capital Corp		510,669
	13,853		Calamos Asset Management, Inc (Class A)		146,426
	1,240	e	California First National Bancorp		20,138
	2,230		Capital Southwest Corp		232,812
	21,582		Cash America International, Inc		827,022
	13,321	e	Cohen & Steers, Inc		439,593
	62,981	*	Cowen Group, Inc		157,453
	5,759	*	Credit Acceptance Corp		552,058
	5,709	*,e	Deerfield Capital Corp		41,847
	2,014		Diamond Hill Investment Group, Inc		150,466
	32,089	*	Dollar Financial Corp		615,146
	22,466		Duff & Phelps Corp		331,149
	11,509		Epoch Holding Corp		242,610
	20,612		Evercore Partners, Inc (Class A)		477,580
	35,234	*	Ezcorp, Inc (Class A)		792,765
	31,372	*	FBR Capital Markets Corp		91,293
	7,798	e	Fidus Investment Corp		119,153
	59,417	e	Fifth Street Finance Corp		600,706
	33,396	*,e	Financial Engines, Inc		626,843

167

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,935	*	First Cash Financial Services, Inc	$	839,494
	39,949	*,e	First Marblehead Corp		42,745
	6,791	*	Firsthand Technology Value Fund, Inc		109,539
	5,653		Friedman Billings Ramsey Group, Inc (Class A)		126,401
	4,170	*	FX Alliance, Inc		92,157
	14,888	e	FXCM, Inc		156,324
	10,647	e	Gain Capital Holdings, Inc		51,105
	4,821		GAMCO Investors, Inc (Class A)		215,451
	50,188		GFI Group, Inc		159,598
	15,453		Gladstone Capital Corp		125,942
	16,280		Gladstone Investment Corp		117,542
	10,331	e	Golub Capital BDC, Inc		158,891
	17,292	*,e	Green Dot Corp		180,528
	21,417	e	Greenhill & Co, Inc		850,683
	15,613	*,e	GSV Capital Corp		159,565
	23,102	*,e	Harris & Harris Group, Inc		85,939
	35,839		Hercules Technology Growth Capital, Inc		402,472
	23,509	*	HFF, Inc (Class A)		307,028
	5,230	e	Horizon Technology Finance Corp		85,667
	10,196	*	International Assets Holding Corp		194,234
	26,343	*	Internet Capital Group, Inc		235,506
	28,892	*	Investment Technology Group, Inc		239,226
	35,415	e	iShares Russell 2000 Index Fund		2,774,765
	13,784		JMP Group, Inc		85,874
	24,501	e	KBW, Inc		394,711
	17,755		KCAP Financial, Inc		141,330
	71,660	*	Knight Capital Group, Inc (Class A)		740,248
	71,370	*,e	Ladenburg Thalmann Financial Services, Inc		101,345
	20,444		Main Street Capital Corp		501,082
	9,802		Manning & Napier, Inc		133,699
	26,855		MarketAxess Holdings, Inc		811,558
	5,868		Marlin Business Services Corp		90,132
	55,367		MCG Capital Corp		242,507
	12,884		Medallion Financial Corp		142,755
	12,495		Medley Capital Corp		154,938
	6,141		MicroFinancial, Inc		59,261
	17,547		MVC Capital, Inc		223,022
	17,696		Nelnet, Inc (Class A)		416,033
	22,354	*,e	Netspend Holdings, Inc		196,715
	9,282	e	New Mountain Finance Corp		131,897
	19,513	*	NewStar Financial, Inc		232,595
	16,024		NGP Capital Resources Co		116,975
	7,041	e	Nicholas Financial, Inc		93,082
	7,562		Oppenheimer Holdings, Inc		105,187
	40,645		PennantPark Investment Corp		424,334
	41,800	*,e	PHH Corp		677,578
	16,429	*	Pico Holdings, Inc		396,103
	11,781	*	Piper Jaffray Cos		251,053
	108,268	e	Prospect Capital Corp		1,199,609
	6,826		Pzena Investment Management, Inc (Class A)		26,280
	3,491	*,e	Regional Management Corp		52,679

168

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,711		Resource America, Inc (Class A)	$	52,876
	15,010	*	Safeguard Scientifics, Inc		232,205
	14,869	e	Sanders Morris Harris Group, Inc		128,914
	26,760		Solar Capital Ltd		609,325
	7,721		Solar Senior Capital Ltd		131,489
	39,439	*	Stifel Financial Corp		1,187,114
	21,626	*	SWS Group, Inc		123,917
	4,172		TCP Capital Corp		60,577
	8,592		THL Credit, Inc		118,570
	26,811		TICC Capital Corp		261,139
	19,679	e	Triangle Capital Corp		451,240
	4,536	*	Virtus Investment Partners, Inc		379,754
	21,287		Walter Investment Management Corp		481,512
	4,795		Westwood Holdings Group, Inc		178,614
	42,260	*	WisdomTree Investments, Inc		282,719
	8,054	*,e	World Acceptance Corp		574,009
			TOTAL DIVERSIFIED FINANCIALS		29,653,467
ENERGY - 6.0%
	58,319	*	Abraxas Petroleum Corp		146,381
	1,524		Adams Resources & Energy, Inc		63,337
	8,224		Alon USA Energy, Inc		89,806
	26,876	*,e	Amyris Biotechnologies, Inc		104,010
	6,563	e	APCO Argentina, Inc		109,865
	20,854	*,e	Approach Resources, Inc		550,546
	155,495		Arch Coal, Inc		1,121,119
	35,640	*	ATP Oil & Gas Corp		51,678
	22,221	*	Basic Energy Services, Inc		240,431
	38,233		Berry Petroleum Co (Class A)		1,453,619
	35,997	*	Bill Barrett Corp		758,097
	6,171		Bolt Technology Corp		89,788
	6,980	*	Bonanza Creek Energy, Inc		122,359
	75,772	*	BPZ Energy, Inc		172,760
	26,278		Bristow Group, Inc		1,202,744
	32,167	*,e	C&J Energy Services, Inc		604,096
	67,854	*,e	Cal Dive International, Inc		109,924
	27,649	*	Callon Petroleum Co		137,416
	28,535	*	Carrizo Oil & Gas, Inc		719,367
	4,010	*,e	Ceres, Inc		34,767
	4,215	*,e	Clayton Williams Energy, Inc		173,995
	47,632	*,e	Clean Energy Fuels Corp		672,088
	43,996	*	Cloud Peak Energy, Inc		728,134
	34,719	*	Comstock Resources, Inc		561,753
	9,420	*	Contango Oil & Gas Co		558,135
	4,984	*,e	CREDO Petroleum Corp		71,919
	15,534	*	Crimson Exploration, Inc		68,350
	29,510		Crosstex Energy, Inc		398,090
	11,600	*	CVR Energy, Inc		331,296
	61,937	*	CVR Energy, Inc (Contingent value right)		0
	5,997	*	Dawson Geophysical Co		138,171
	12,274		Delek US Holdings, Inc		242,289
	29,577	*	Dril-Quip, Inc		2,168,290

169

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	33,975	*,e	Endeavour International Corp	$	291,166
	20,783	*	Energy Partners Ltd		351,233
	57,970		Energy XXI Bermuda Ltd		1,807,505
	13,074	*	Evolution Petroleum Corp		109,168
	47,865	*	Exterran Holdings, Inc		706,966
	10,638	*	Forbes Energy Services Ltd		46,914
	88,187	*,e	Forest Oil Corp		604,081
	15,986	*,e	Forum Energy Technologies, Inc		333,148
	37,628	e	Frontline Ltd		139,224
	37,765	*	FX Energy, Inc		254,158
	16,966	*	GasLog Ltd		168,133
	47,783	*	Gastar Exploration Ltd		93,177
	15,263	*	Georesources, Inc		510,700
	18,491	*,e	Gevo, Inc		71,745
	15,560	*	Global Geophysical Services, Inc		91,337
	18,943	*,e	Goodrich Petroleum Corp		219,739
	20,855	*,e	Green Plains Renewable Energy, Inc		92,596
	10,505		Gulf Island Fabrication, Inc		292,144
	19,350	*	Gulfmark Offshore, Inc		695,633
	40,940	*	Gulfport Energy Corp		843,364
	50,787	*,e	Halcon Resources Corp		335,194
	4,736	e	Hallador Petroleum Co		35,615
	26,916	*,e	Harvest Natural Resources, Inc		212,098
	96,537	*,e	Heckmann Corp		297,334
	77,164	*	Helix Energy Solutions Group, Inc		1,379,692
	114,195	*	Hercules Offshore, Inc		409,960
	26,089	*	Hornbeck Offshore Services, Inc		1,104,869
	97,482	*	ION Geophysical Corp		648,255
	797	*,e	Isramco, Inc		85,271
	111,934	*	Key Energy Services, Inc		896,591
	19,010	*,e	KiOR, Inc (Class A)		145,236
	17,595	e	Knightsbridge Tankers Ltd		151,493
	196,125	*,e	Kodiak Oil & Gas Corp		1,637,644
	24,667		Lufkin Industries, Inc		1,135,915
	108,453	*,e	Magnum Hunter Resources Corp		412,121
	9,660	*	Matador Resources Co		101,140
	18,931	*	Matrix Service Co		196,125
	74,445	*,e	McMoRan Exploration Co		972,252
	17,339	*	Midstates Petroleum Co, Inc		147,728
	22,397	*,e	Miller Petroleum, Inc		87,124
	9,174	*	Mitcham Industries, Inc		162,105
	8,472	*	Natural Gas Services Group, Inc		122,844
	64,856	*,e	Newpark Resources, Inc		442,967
	38,140	e	Nordic American Tanker Shipping		446,238
	46,332	*,e	Northern Oil And Gas, Inc		730,192
	58,250	*,e	Oasis Petroleum, Inc		1,524,985
	17,963	e	Overseas Shipholding Group, Inc		102,748
	4,596	*	OYO Geospace Corp		435,609
	5,369		Panhandle Oil and Gas, Inc (Class A)		164,828
	87,095	*	Parker Drilling Co		403,250

170

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,794	*	PDC Energy, Inc	$	571,003
	34,112		Penn Virginia Corp		228,550
	39,844	*,e	Petroquest Energy, Inc		219,540
	9,481	*	PHI, Inc		252,953
	44,635	*	Pioneer Energy Services Corp		358,865
	87,947	*,e	Quicksilver Resources, Inc		397,520
	5,030	*,e	Renewable Energy Group, Inc		24,898
	164,942	*	Rentech, Inc		328,235
	34,791	*,e	Resolute Energy Corp		301,638
	31,107	*,e	Rex Energy Corp		394,437
	4,426	*	Rex Stores Corp		78,119
	8,869	*	RigNet, Inc		165,673
	38,612	*	Rosetta Resources, Inc		1,610,893
	8,344	*,e	Sanchez Energy Corp		138,844
	15,882	*,e	Saratoga Resources, Inc		95,133
	27,121	*	Scorpio Tankers, Inc		162,997
	30,723	*	SemGroup Corp		1,035,672
	33,622	e	Ship Finance International Ltd		486,847
	23,584	*,e	Solazyme, Inc		323,808
	35,690	*	Stone Energy Corp		937,219
	30,875	*	Swift Energy Co		577,054
	28,121	*	Synergy Resources Corp		82,676
	21,263		Targa Resources Investments, Inc		936,635
	45,477	e	Teekay Tankers Ltd (Class A)		176,906
	22,478	*	Tesco Corp		260,520
	55,900	*	Tetra Technologies, Inc		387,387
	10,497	*	TGC Industries, Inc		73,269
	31,107	*,e	Triangle Petroleum Corp		173,888
	12,843	*	Union Drilling, Inc		45,978
	46,796	*,e	Uranerz Energy Corp		72,066
	64,324	*,e	Uranium Energy Corp		128,648
	41,765	*	Vaalco Energy, Inc		306,137
	140,319	*,e	Vantage Drilling Co		220,301
	22,152	*,e	Venoco, Inc		205,349
	34,086	*,e	Voyager Oil & Gas, Inc		38,517
	25,846		W&T Offshore, Inc		477,893
	50,250	*	Warren Resources, Inc		116,580
	41,335	e	Western Refining, Inc		972,613
	7,131	*,e	Westmoreland Coal Co		52,484
	29,774	*	Willbros Group, Inc		203,952
	17,978	*,e	ZaZa Energy Corp		67,957
			TOTAL ENERGY		50,333,828
FOOD & STAPLES RETAILING - 1.1%
	13,787		Andersons, Inc		523,492
	830		Arden Group, Inc (Class A)		72,061
	27,909		Casey’s General Stores, Inc		1,658,632
	7,917	*,e	Chefs’ Warehouse Holdings, Inc		127,859
	32,023		Harris Teeter Supermarkets, Inc		1,323,831
	8,838		Ingles Markets, Inc (Class A)		144,590
	8,810		Nash Finch Co		168,800
	17,172	*	Pantry, Inc		244,358

171

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,365	e	Pricesmart, Inc	$	962,547
	486,336	*	Rite Aid Corp		564,150
	14,413	e	Roundy’s, Inc		138,365
	15,337		Spartan Stores, Inc		263,796
	155,941	e	Supervalu, Inc		385,174
	8,056	*	Susser Holdings Corp		290,902
	35,785	*	United Natural Foods, Inc		1,943,125
	6,065		Village Super Market (Class A)		214,762
	8,104		Weis Markets, Inc		352,767
			TOTAL FOOD & STAPLES RETAILING		9,379,211
FOOD, BEVERAGE & TOBACCO - 1.9%
	2,545		Alico, Inc		74,390
	63,464	*	Alliance One International, Inc		206,893
	3,596	*,e	Annie’s, Inc		146,537
	35,576		B&G Foods, Inc (Class A)		996,128
	5,617	*,e	Boston Beer Co, Inc (Class A)		605,063
	8,873	e	Calavo Growers, Inc		239,394
	10,412		Cal-Maine Foods, Inc		392,845
	50,867	*,e	Central European Distribution Corp		165,827
	32,396	*,e	Chiquita Brands International, Inc		167,811
	3,393		Coca-Cola Bottling Co Consolidated		227,908
	7,445	*	Craft Brewers Alliance, Inc		63,580
	86,540	*	Darling International, Inc		1,429,641
	16,436	e	Diamond Foods, Inc		267,414
	25,888	*,e	Dole Food Co, Inc		304,702
	4,703	*	Farmer Bros Co		36,683
	28,134		Fresh Del Monte Produce, Inc		689,283
	2,030		Griffin Land & Nurseries, Inc (Class A)		58,464
	27,096	*	Hain Celestial Group, Inc		1,508,976
	9,441	*	Inventure Foods, Inc		72,318
	10,671		J&J Snack Foods Corp		616,677
	6,534	*	John B. Sanfilippo & Son, Inc		110,817
	13,529		Lancaster Colony Corp		937,424
	32,249		Lance, Inc		755,594
	3,394	e	Lifeway Foods, Inc		35,841
	5,824	e	Limoneira Co		104,250
	8,162		National Beverage Corp		118,349
	15,934	*	Omega Protein Corp		132,730
	45,209	*,e	Pilgrim’s Pride Corp		210,222
	19,919	*	Post Holdings, Inc		589,602
	16,570		Sanderson Farms, Inc		610,273
	6,763	*	Seneca Foods Corp		166,911
	42,464	*	Smart Balance, Inc		404,257
	108,399	*,e	Star Scientific, Inc		409,748
	13,291	*,e	Synutra International, Inc		75,493
	17,264	e	Tootsie Roll Industries, Inc		422,623
	26,184	*	TreeHouse Foods, Inc		1,466,042
	16,702	e	Universal Corp		760,609
	38,171	e	Vector Group Ltd		648,525
	8,714	*	Westway Group, Inc		51,587
			TOTAL FOOD, BEVERAGE & TOBACCO		16,281,431

172

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	15,972	*	Abaxis, Inc	$	570,041
	24,086	*	Abiomed, Inc		543,139
	16,586	*	Acadia Healthcare Co, Inc		267,698
	42,021	*,e	Accretive Health, Inc		570,645
	51,364	*	Accuray, Inc		324,107
	9,413	*	Air Methods Corp		1,026,299
	52,302	*	Align Technology, Inc		1,776,176
	5,947	*	Almost Family, Inc		130,893
	38,845	*	Alphatec Holdings, Inc		68,367
	21,555	*	Amedisys, Inc		262,755
	30,799	*	AMN Healthcare Services, Inc		179,866
	23,276	*	Amsurg Corp		687,573
	8,906		Analogic Corp		570,162
	17,750	*	Angiodynamics, Inc		195,428
	9,569	*	Anika Therapeutics, Inc		116,263
	65,737	*	Antares Pharma, Inc		317,510
	19,960	*	Arthrocare Corp		590,417
	13,951		Assisted Living Concepts, Inc (A Shares)		195,454
	26,310	*,e	athenahealth, Inc		2,407,365
	11,157	*	AtriCure, Inc		93,384
	1,209		Atrion Corp		249,054
	18,017	*,e	Bio-Reference Labs, Inc		445,921
	31,689	*	BioScrip, Inc		201,542
	15,298		Cantel Medical Corp		399,584
	20,694	*	Capital Senior Living Corp		232,601
	12,050	*,e	Cardiovascular Systems, Inc		110,378
	38,116	*	Centene Corp		1,449,933
	38,603	*,e	Cerus Corp		116,581
	13,872		Chemed Corp		870,745
	9,719	*	Chindex International, Inc		101,564
	7,984		Computer Programs & Systems, Inc		395,208
	22,645	*,e	Conceptus, Inc		420,744
	20,904		Conmed Corp		573,606
	4,624	*	Corvel Corp		213,351
	21,099	*	Cross Country Healthcare, Inc		96,211
	20,912	*	CryoLife, Inc		116,271
	20,094	*	Cyberonics, Inc		870,070
	6,941	*	Cynosure, Inc (Class A)		173,803
	6,711	*,e	Derma Sciences, Inc		67,177
	50,585	*	DexCom, Inc		556,941
	22,145	*	Emeritus Corp		375,358
	39,875	*	Endologix, Inc		468,531
	12,532		Ensign Group, Inc		351,523
	18,201	*	EnteroMedics, Inc		60,427
	13,450	*,e	ePocrates, Inc		101,413
	7,146	*	Exactech, Inc		118,266
	21,090	*	EXamWorks, Inc		275,224
	33,600	*	Five Star Quality Care, Inc		119,952
	23,898	*	Gentiva Health Services, Inc		159,161
	17,054	*	Greatbatch, Inc		389,343

173

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,267	*,e	Greenway Medical Technologies	$	85,795
	18,581	*	Haemonetics Corp		1,336,160
	24,603	*	Hanger Orthopedic Group, Inc		634,019
	38,670	*,e	Hansen Medical, Inc		68,446
	69,584	*	Healthsouth Corp		1,558,682
	14,081	*	HealthStream, Inc		393,423
	24,589	*	Healthways, Inc		275,643
	10,371	*,e	HeartWare International, Inc		926,027
	63,092	*	HMS Holdings Corp		2,170,996
	9,219	*	ICU Medical, Inc		491,649
	35,158	*	Insulet Corp		687,690
	14,141	*	Integra LifeSciences Holdings Corp		543,863
	6,328	*	Integramed America, Inc		88,149
	22,941		Invacare Corp		323,239
	12,311	*	IPC The Hospitalist Co, Inc		529,373
	12,457	*	IRIS International, Inc		129,428
	38,147	*	Kindred Healthcare, Inc		361,252
	7,035		Landauer, Inc		400,714
	11,358	*	LHC Group, Inc		203,195
	20,016	*	Magellan Health Services, Inc		964,771
	26,058	*,e	MAKO Surgical Corp		331,979
	36,437		Masimo Corp		816,189
	42,077	*	MedAssets, Inc		554,996
	16,492	*	Medidata Solutions, Inc		583,982
	2,556	*	Mediware Information Systems		35,247
	44,561	*,e	Merge Healthcare, Inc		131,900
	30,301	e	Meridian Bioscience, Inc		506,330
	30,324	*	Merit Medical Systems, Inc		409,677
	31,833	*	Metropolitan Health Networks, Inc		268,352
	28,348	*	MModal, Inc		405,943
	21,603	*	Molina Healthcare, Inc		527,329
	9,325	*	MWI Veterinary Supply, Inc		849,414
	7,597	e	National Healthcare Corp		331,761
	1,817	e	National Research Corp		91,431
	21,203	*	Natus Medical, Inc		262,069
	16,979	*	Neogen Corp		653,182
	69,648	*,e	Neoprobe Corp		266,055
	31,742	*	NuVasive, Inc		663,090
	35,479	*	NxStage Medical, Inc		533,959
	24,213	*	Omnicell, Inc		315,980
	39,626	*	OraSure Technologies, Inc		420,432
	13,507	*	Orthofix International NV		553,922
	46,713	e	Owens & Minor, Inc		1,317,774
	15,405	*	Palomar Medical Technologies, Inc		123,394
	7,213	*	PDI, Inc		51,789
	21,246	*	PharMerica Corp		218,621
	9,456	*,e	PhotoMedex, Inc		131,344
	9,535	*	Providence Service Corp		123,002
	37,049	*	PSS World Medical, Inc		773,954
	28,518		Quality Systems, Inc		460,851
	20,703	*,e	Quidel Corp		324,416
	7,620	*,e	Rochester Medical Corp		76,048

174

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	15,012	*,e	Rockwell Medical Technologies, Inc	$	135,408
	40,231	*	RTI Biologics, Inc		143,222
	25,562	*	Select Medical Holdings Corp		272,235
	14,451	*	Skilled Healthcare Group, Inc (Class A)		78,469
	44,673	*	Solta Medical, Inc		146,081
	24,702	*	Spectranetics Corp		291,484
	26,455	*	Staar Surgical Co		135,979
	42,441		STERIS Corp		1,278,747
	19,632	*	Sun Healthcare Group, Inc		164,124
	42,905	*,e	Sunrise Senior Living, Inc		286,605
	11,031	*	SurModics, Inc		175,834
	26,391	*	Symmetry Medical, Inc		204,530
	20,463	*	Team Health Holdings, Inc		546,362
	10,914	*	Tornier BV		238,143
	14,340	*	Triple-S Management Corp (Class B)		261,275
	53,499	*	Unilife Corp		169,057
	27,108		Universal American Corp		242,888
	8,469		US Physical Therapy, Inc		217,399
	2,374		Utah Medical Products, Inc		80,384
	22,942	*	Vanguard Health Systems, Inc		195,007
	12,801	*	Vascular Solutions, Inc		170,765
	4,834	*	Vocera Communications, Inc		129,745
	39,063	*	Volcano Corp		1,033,216
	31,860	*	WellCare Health Plans, Inc		2,065,165
	24,859		West Pharmaceutical Services, Inc		1,237,481
	29,050	*	Wright Medical Group, Inc		541,492
	3,953		Young Innovations, Inc		142,664
	12,144	*,e	Zeltiq Aesthetics, Inc		62,420
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		56,907,132
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	28,789	*	Central Garden and Pet Co (Class A)		328,771
	18,476	*	Elizabeth Arden, Inc		720,749
	14,159	e	Female Health Co		87,078
	29,739	*	Harbinger Group, Inc		275,383
	11,798		Inter Parfums, Inc		191,835
	9,779	*,e	Medifast, Inc		274,790
	8,656	e	Nature’s Sunshine Products, Inc		133,822
	6,975	*	Nutraceutical International Corp		103,997
	3,484		Oil-Dri Corp of America		76,404
	4,131		Orchids Paper Products Co		70,227
	36,967	*	Prestige Brands Holdings, Inc		606,628
	8,872	*	Revlon, Inc (Class A)		129,088
	9,911		Schiff Nutrition International, Inc		173,244
	16,866	*	Spectrum Brands, Inc		621,175
	4,673	*,e	USANA Health Sciences, Inc		210,192
	11,825		WD-40 Co		568,191
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		4,571,574

175

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
INSURANCE - 2.4%
	42,789		American Equity Investment Life Holding Co	$	499,348
	6,994	*	American Safety Insurance Holdings Ltd		124,843
	13,059	*	Amerisafe, Inc		326,018
	17,937		Amtrust Financial Services, Inc		534,343
	19,078		Argo Group International Holdings Ltd		561,084
	6,589		Baldwin & Lyons, Inc (Class B)		153,062
	28,081	*,e	Citizens, Inc (Class A)		290,358
	154,842		Conseco, Inc		1,283,640
	20,920		Crawford & Co (Class B)		84,517
	6,101		Donegal Group, Inc (Class A)		81,753
	4,802		Eastern Insurance Holdings, Inc		76,160
	14,656	*	eHealth, Inc		269,231
	3,273		EMC Insurance Group, Inc		66,180
	23,511		Employers Holdings, Inc		420,377
	6,203	*	Enstar Group Ltd		579,856
	7,833		FBL Financial Group, Inc (Class A)		242,431
	77,882		First American Financial Corp		1,426,798
	38,664		Flagstone Reinsurance Holdings Ltd		269,875
	4,300	*	Fortegra Financial Corp		34,056
	20,255	*	Greenlight Capital Re Ltd (Class A)		477,208
	9,136	*	Hallmark Financial Services		75,372
	28,584	*	Hilltop Holdings, Inc		300,418
	5,943		Homeowners Choice, Inc		107,747
	28,561		Horace Mann Educators Corp		498,104
	5,883	e	Independence Holding Co		55,536
	8,766		Infinity Property & Casualty Corp		506,762
	893		Investors Title Co		47,784
	2,854	e	Kansas City Life Insurance Co		99,119
	36,119		Maiden Holdings Ltd		306,650
	62,477		Max Capital Group Ltd		1,453,840
	37,487		Meadowbrook Insurance Group, Inc		263,908
	36,221		Montpelier Re Holdings Ltd		733,837
	29,823	*	National Financial Partners Corp		442,872
	4,565		National Interstate Corp		119,557
	1,655		National Western Life Insurance Co (Class A)		234,331
	7,206	*	Navigators Group, Inc		348,987
	16,336		OneBeacon Insurance Group Ltd (Class A)		207,304
	89,447	*	Phoenix Cos, Inc		145,799
	25,125		Platinum Underwriters Holdings Ltd		955,253
	15,648		Presidential Life Corp		217,351
	34,528		Primerica, Inc		945,031
	15,443		RLI Corp		994,684
	9,324		Safety Insurance Group, Inc		395,151
	14,679		SeaBright Insurance Holdings, Inc		123,744
	39,508		Selective Insurance Group, Inc		681,908
	10,852		State Auto Financial Corp		140,750
	13,530	e	Stewart Information Services Corp		230,957
	57,047		Symetra Financial Corp		663,457
	25,428		Tower Group, Inc		473,978
	8,274	*	United America Indemnity Ltd		159,026
	15,165		United Fire & Casualty Co		297,234
	17,943		Universal Insurance Holdings, Inc		57,418
			TOTAL INSURANCE		20,085,007

176

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
MATERIALS - 4.6%
	21,762		A. Schulman, Inc	$	475,717
	6,487	*	ADA-ES, Inc		146,995
	3,125	*	AEP Industries, Inc		146,812
	84,099		AK Steel Holding Corp		447,407
	18,202		AMCOL International Corp		558,801
	20,612		American Vanguard Corp		482,115
	14,395	*	Arabian American Development Co		136,752
	21,563		Balchem Corp		718,695
	72,428		Boise, Inc		535,967
	14,833		Brush Engineered Materials, Inc		291,172
	28,966		Buckeye Technologies, Inc		872,456
	41,044	*	Calgon Carbon Corp		568,049
	12,141	*,e	Castle (A.M.) & Co		88,508
	37,164	*	Century Aluminum Co		227,072
	4,624	e	Chase Corp		71,487
	72,192	*	Chemtura		976,036
	16,862	*	Clearwater Paper Corp		594,217
	64,844	*	Coeur d’Alene Mines Corp		1,057,606
	8,070		Deltic Timber Corp		498,807
	33,376		Eagle Materials, Inc		1,159,816
	64,639	*	Ferro Corp		198,442
	35,347	*,e	Flotek Industries, Inc		345,340
	13,471	e	FutureFuel Corp		131,073
	51,401	*,e	General Moly, Inc		153,175
	24,706		Georgia Gulf Corp		809,863
	30,844		Glatfelter		490,728
	45,125		Globe Specialty Metals, Inc		565,416
	41,925	*	Gold Reserve, Inc		140,030
	21,529	e	Gold Resource Corp		386,015
	22,723	*,e	Golden Minerals Co		95,891
	192,808	*,e	Golden Star Resources Ltd		227,513
	123,611	*	Graphic Packaging Holding Co		692,222
	5,620	*	GSE Holding, Inc		58,336
	36,652		H.B. Fuller Co		1,070,971
	6,611	e	Hawkins, Inc		251,482
	9,025		Haynes International, Inc		434,915
	45,244	*	Headwaters, Inc		282,775
	205,719	e	Hecla Mining Co		925,735
	31,724	*	Horsehead Holding Corp		286,468
	15,985		Innophos Holdings, Inc		926,650
	16,899	*	Innospec, Inc		525,897
	14,147		Kaiser Aluminum Corp		771,577
	29,157	*	Kapstone Paper and Packaging Corp		490,129
	5,645		KMG Chemicals, Inc		100,933
	14,957		Koppers Holdings, Inc		492,684
	23,241	*	Kraton Polymers LLC		544,304
	18,427	*	Landec Corp		147,232
	102,044	*	Louisiana-Pacific Corp		1,053,094
	13,543	*	LSB Industries, Inc		435,137
	142,305	*,e	McEwen Mining, Inc		425,492
	8,600	*	Metals USA Holdings Corp		139,922

177

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	93,583	*,e	Midway Gold Corp	$	116,043
	12,887		Minerals Technologies, Inc		823,995
	24,179		Myers Industries, Inc		397,503
	11,679		Neenah Paper, Inc		313,698
	24,024		Noranda Aluminium Holding Corp		149,670
	58,850		Olin Corp		1,191,124
	6,945		Olympic Steel, Inc		108,689
	23,372	*	OM Group, Inc		366,940
	34,135	*	Omnova Solutions, Inc		248,503
	94,132	*,e	Paramount Gold and Silver Corp		213,680
	65,722		PolyOne Corp		968,085
	9,343		Quaker Chemical Corp		413,615
	58,396	*,e	Resolute Forest Products		536,075
	18,077	*	Revett Minerals, Inc		57,304
	21,850	*	RTI International Metals, Inc		490,532
	18,213		Schnitzer Steel Industries, Inc (Class A)		522,895
	11,306		Schweitzer-Mauduit International, Inc		769,939
	36,615		Sensient Technologies Corp		1,298,002
	21,628	*	Spartech Corp		110,086
	6,055		Stepan Co		536,836
	85,535	*	Stillwater Mining Co		759,551
	51,567	*	SunCoke Energy, Inc		825,072
	16,278	e	Texas Industries, Inc		679,932
	9,448	*	Texas Petrochemicals, Inc		363,748
	17,447		Tredegar Corp		258,390
	3,948	*	UFP Technologies, Inc		64,629
	1,397	*	United States Lime & Minerals, Inc		63,689
	5,025	*	Universal Stainless & Alloy		171,453
	38,794	*,e	US Antimony Corp		109,399
	8,220	*	US Silica Holdings Inc		85,077
	47,439	*,e	Vista Gold Corp		143,266
	32,927		Wausau Paper Corp		279,550
	4,242	*	WHX Corp		56,800
	38,211		Worthington Industries, Inc		829,179
	15,740		Zep, Inc		240,192
	20,714	*,e	Zoltek Cos, Inc		172,755
			TOTAL MATERIALS		38,389,824
MEDIA - 1.2%
	19,275		Arbitron, Inc		675,974
	3,215	*	Beasley Broadcasting Group, Inc		16,139
	67,483		Belo (A.H.) Corp (Class A)		462,259
	12,793	*	Carmike Cinemas, Inc		177,823
	27,651	*,e	Central European Media Enterprises Ltd (Class A) Nasdaq		139,361
	19,477	*,e	Crown Media Holdings, Inc (Class A)		37,980
	40,349	*,e	Cumulus Media, Inc (Class A)		101,679
	668	*,e	Daily Journal Corp		63,326
	3,641	*,e	Dial Global, Inc		10,049
	7,708	*,e	Digital Domain Media Group, Inc		32,682
	20,575	*,e	Digital Generation, Inc		219,330
	17,313	*,e	Entercom Communications Corp (Class A)		94,183
	34,698		Entravision Communications Corp (Class A)		43,026

178

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,840	*	EW Scripps Co (Class A)	$	212,184
	6,388	*	Fisher Communications, Inc		204,160
	13,547	*	Global Sources Ltd		81,282
	32,152		Harte-Hanks, Inc		202,558
	32,590	*	Journal Communications, Inc (Class A)		180,549
	24,002	*	Lin TV Corp (Class A)		86,167
	62,199	*,e	Lions Gate Entertainment Corp		836,577
	102,629	*	Live Nation, Inc		915,451
	20,668	e	Martha Stewart Living Omnimedia, Inc (Class A)		67,171
	47,390	*,e	McClatchy Co (Class A)		76,298
	18,464	e	MDC Partners, Inc		173,746
	26,655	e	Meredith Corp		880,681
	41,439		National CineMedia, Inc		585,947
	99,915	*	New York Times Co (Class A)		774,341
	7,439	*	Nexstar Broadcasting Group, Inc (Class A)		48,502
	9,442		Outdoor Channel Holdings, Inc		65,527
	7,230	*,e	ReachLocal, Inc		84,736
	12,083	*	Reading International, Inc		59,690
	6,763	*	Rentrak Corp		126,603
	2,605	*	Saga Communications, Inc		88,310
	7,356		Salem Communications		35,971
	18,900	e	Scholastic Corp		569,457
	36,986		Sinclair Broadcast Group, Inc (Class A)		377,257
	31,268	*,e	Valassis Communications, Inc		705,093
	883	e	Value Line, Inc		10,472
	19,721	e	World Wrestling Entertainment, Inc (Class A)		152,838
			TOTAL MEDIA		9,675,379
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.4%
	38,424	*,e	Achillion Pharmaceuticals, Inc		254,367
	28,910	*	Acorda Therapeutics, Inc		695,864
	5,638	*,e	Acura Pharmaceuticals, Inc		10,487
	18,221	*	Aegerion Pharmaceuticals, Inc		276,595
	25,624	*,e	Affymax, Inc		415,877
	50,929	*	Affymetrix, Inc		213,392
	16,481	*	Agenus, Inc		79,603
	41,486	*	Akorn, Inc		567,114
	89,798	*	Alkermes PLC		1,669,345
	65,549	*	Allos Therapeutics, Inc		116,022
	33,396	*,e	Alnylam Pharmaceuticals, Inc		624,171
	15,420	*	AMAG Pharmaceuticals, Inc		238,702
	21,670	*,e	Amicus Therapeutics, Inc		106,833
	17,533	*,e	Ampio Pharmaceuticals, Inc		53,476
	9,350	*	Anacor Pharmaceuticals, Inc		55,165
	143,490	*	Arena Pharmaceuticals, Inc		1,199,576
	42,416	*	Arqule, Inc		256,617
	64,171	*	Array Biopharma, Inc		329,839
	73,988	*	Astex Pharmaceuticals		183,490
	35,516	*	Auxilium Pharmaceuticals, Inc		956,801
	100,546	*,e	AVANIR Pharmaceuticals, Inc		287,562
	28,051	*	AVEO Pharmaceuticals, Inc		367,468
	7,778	*	BG Medicine, Inc		51,957

179

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	35,354	*,e	BioCryst Pharmaceuticals, Inc	$	156,972
	15,443	*,e	BioDelivery Sciences International, Inc		73,200
	3,160	*	Biospecifics Technologies Corp		57,101
	21,968	*,e	Biotime, Inc		84,796
	43,296	*,e	Cadence Pharmaceuticals, Inc		183,575
	21,356	*	Cambrex Corp		197,116
	43,599	*,e	Celldex Therapeutics, Inc		225,407
	2,950	*	Cempra, Inc		23,334
	48,120	*	Cepheid, Inc		1,541,765
	3,610	*,e	ChemoCentryx, Inc		52,309
	9,842	*	Clovis Oncology, Inc		174,105
	21,779	*,e	Codexis, Inc		67,079
	31,558	*,e	Corcept Therapeutics, Inc		114,240
	4,827	*	Cornerstone Therapeutics, Inc		37,168
	9,802	*,e	Coronado Biosciences, Inc		58,224
	46,499	*	Cubist Pharmaceuticals, Inc		2,002,247
	8,562	*,e	Cumberland Pharmaceuticals, Inc		52,228
	55,560	*,e	Curis, Inc		268,910
	43,616	*,e	Cytori Therapeutics, Inc		114,274
	113,323	*,e	Dendreon Corp		539,417
	40,173	*	Depomed, Inc		221,755
	31,155	*,e	Discovery Laboratories, Inc		78,822
	17,682	*,e	Dusa Pharmaceuticals, Inc		96,721
	72,586	*	Dyax Corp		192,353
	129,102	*,e	Dynavax Technologies Corp		498,334
	19,075	*	Emergent Biosolutions, Inc		278,686
	21,367	*,e	Endocyte, Inc		164,312
	30,444	*	Enzon Pharmaceuticals, Inc		201,844
	41,229	*	Exact Sciences Corp		422,597
	107,068	*,e	Exelixis, Inc		669,175
	14,778	*,e	Fluidigm Corp		192,262
	5,983	*	Furiex Pharmaceuticals Inc		114,993
	12,435	*	Genomic Health, Inc		417,443
	101,192	*,e	Geron Corp		174,050
	6,606	*,e	Golf Trust Of America, Inc		50,338
	21,290	*	GTx, Inc		74,941
	64,694	*,e	Halozyme Therapeutics, Inc		583,540
	16,563	*	Harvard Bioscience, Inc		61,283
	7,724	*	Hi-Tech Pharmacal Co, Inc		265,397
	15,151	*,e	Horizon Pharma, Inc		86,512
	53,939	*,e	Idenix Pharmaceuticals, Inc		546,402
	28,657	*,e	ImmunoCellular Therapeutics Ltd		90,270
	60,991	*,e	Immunogen, Inc		984,395
	45,555	*,e	Immunomedics, Inc		157,620
	49,097	*	Impax Laboratories, Inc		1,090,935
	14,333	*,e	Infinity Pharmaceuticals, Inc		250,254
	47,182	*,e	InterMune, Inc		416,617
	54,174	*	Ironwood Pharmaceuticals, Inc		697,219
	73,390	*,e	Isis Pharmaceuticals, Inc		889,487
	30,278	*	Jazz Pharmaceuticals plc		1,455,463
	57,037	*,e	Keryx Biopharmaceuticals, Inc		103,807
	11,709	*	Lannett Co, Inc		55,384

180

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	143,226	*,e	Lexicon Pharmaceuticals, Inc	$	346,607
	13,478	*	Ligand Pharmaceuticals, Inc (Class B)		260,799
	30,069	*	Luminex Corp		515,082
	81,340	*,e	MannKind Corp		193,589
	17,957	*,e	MAP Pharmaceuticals, Inc		253,373
	20,446		Maxygen, Inc		123,289
	40,404	*	Medicines Co		1,011,716
	41,778		Medicis Pharmaceutical Corp (Class A)		1,375,332
	5,389		Medtox Scientific, Inc		145,503
	10,974	*,e	Merrimack Pharmaceuticals, Inc		87,463
	33,759	*	Momenta Pharmaceuticals, Inc		480,053
	82,698	*,e	Nektar Therapeutics		704,587
	47,872	*	Neurocrine Biosciences, Inc		363,827
	9,137	*,e	NewLink Genetics Corp		108,548
	11,374	*	Novacea, Inc		69,268
	86,961	*,e	Novavax, Inc		193,923
	62,108	*	NPS Pharmaceuticals, Inc		478,853
	13,395	*	Obagi Medical Products, Inc		205,479
	16,169	*	Omeros Corp		152,797
	10,271	*,e	OncoGenex Pharmaceutical, Inc		143,383
	41,181	*,e	Oncothyreon, Inc		174,196
	75,760	*,e	Opko Health, Inc		321,222
	33,918	*,e	Optimer Pharmaceuticals, Inc		463,320
	43,407	*,e	Orexigen Therapeutics, Inc		213,996
	13,014	*,e	Osiris Therapeutics, Inc		113,482
	28,539	*,e	Pacific Biosciences of California, Inc		51,656
	13,306	*,e	Pacira Pharmaceuticals, Inc		203,715
	29,481		Pain Therapeutics, Inc		108,490
	26,494	*	Par Pharmaceutical Cos, Inc		1,323,640
	43,884	*	Parexel International Corp		1,207,688
	102,672	e	PDL BioPharma, Inc		697,143
	40,003	*,e	Pharmacyclics, Inc		2,128,560
	19,133	*	Pozen, Inc		120,729
	21,151	*	Progenics Pharmaceuticals, Inc		110,197
	39,725	*,e	Questcor Pharmaceuticals, Inc		1,464,661
	35,270	*,e	Raptor Pharmaceutical Corp		175,645
	25,563	*	Repligen Corp		102,763
	10,724	*,e	Repros Therapeutics, Inc		97,481
	53,086	*	Rigel Pharmaceuticals, Inc		580,761
	6,761	*,e	Sagent Pharmaceuticals		131,839
	38,201	*,e	Sangamo Biosciences, Inc		200,937
	40,737	*	Santarus, Inc		296,158
	41,005	*	Sciclone Pharmaceuticals, Inc		235,779
	69,782	*,e	Seattle Genetics, Inc		1,825,497
	84,485	*,e	Sequenom, Inc		237,403
	25,786	*,e	SIGA Technologies, Inc		75,037
	43,843	*,e	Spectrum Pharmaceuticals, Inc		613,364
	8,144	*	Sucampo Pharmaceuticals, Inc (Class A)		32,902
	20,412	*,e	Sunesis Pharmaceuticals, Inc		60,624
	2,405	*,e	Supernus Pharmaceuticals, Inc		29,413
	7,632	*,e	Synageva BioPharma Corp		382,058
	29,564	*	Synergy Pharmaceuticals, Inc		120,917

181

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	26,707	*,e	Synta Pharmaceuticals Corp	$	196,296
	22,089	*	Targacept, Inc		95,424
	44,823	*,e	Theravance, Inc		1,305,694
	32,379	*,e	Threshold Pharmaceuticals, Inc		224,710
	20,523	*,m	Trius Therapeutics, Inc		113,082
	23,572	*	Vanda Pharmaceuticals, Inc		94,995
	13,072	*,e	Ventrus Biosciences, Inc		47,843
	4,420	*,e	Verastem, Inc		41,283
	58,786	*	Vical, Inc		203,400
	51,275	*	Viropharma, Inc		1,113,180
	72,593	*,e	Vivus, Inc		1,526,631
	25,580	*	Xenoport, Inc		201,570
	49,130	*,e	XOMA Corp		178,342
	48,778	*,e	ZIOPHARM Oncology, Inc		274,620
	26,325	*,e	Zogenix, Inc		57,915
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		53,406,730
REAL ESTATE - 7.9%
	31,646		Acadia Realty Trust		757,605
	11,413		AG Mortgage Investment Trust		257,591
	8,140		Agree Realty Corp		191,534
	1,542		Alexander’s, Inc		658,850
	23,852		American Assets Trust,Inc		620,152
	26,146		American Capital Mortgage, Inc		641,884
	116,148	*	American Realty Capital Trust, Inc		1,279,951
	98,918		Anworth Mortgage Asset Corp		656,816
	13,997		Apollo Commercial Real Estate Finance, Inc		233,750
	5,569		Ares Commercial Real Estate Corp		93,225
	170,797	*	ARMOUR Residential REIT, Inc		1,308,305
	38,447		Ashford Hospitality Trust, Inc		293,351
	36,118		Associated Estates Realty Corp		539,242
	7,131	*	AV Homes, Inc		88,282
	28,192		Campus Crest Communities, Inc		308,984
	48,864		Capital Lease Funding, Inc		222,331
	68,843		Capstead Mortgage Corp		969,309
	43,205		Cedar Shopping Centers, Inc		222,506
	11,405		Chatham Lodging Trust		156,819
	23,665		Chesapeake Lodging Trust		401,595
	64,643		Colonial Properties Trust		1,464,164
	23,897		Colony Financial, Inc		438,510
	3,105	e	Consolidated-Tomoka Land Co		87,375
	14,820		Coresite Realty		395,101
	66,142		Cousins Properties, Inc		502,018
	48,301		CreXus Investment Corp		506,194
	90,504		CubeSmart		1,085,143
	121,424		CYS Investments, Inc		1,755,791
	181,976		DCT Industrial Trust, Inc		1,139,170
	137,343		DiamondRock Hospitality Co		1,299,265
	44,833		DuPont Fabros Technology, Inc		1,206,008
	40,623		Dynex Capital, Inc		422,073
	20,927		EastGroup Properties, Inc		1,119,176
	68,367		Education Realty Trust, Inc		801,261

182

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	34,366		Entertainment Properties Trust	$	1,551,969
	40,363		Equity One, Inc		875,473
	24,296		Excel Trust, Inc		297,383
	89,545	*	FelCor Lodging Trust, Inc		433,398
	63,938	*	First Industrial Realty Trust, Inc		814,570
	36,762		First Potomac Realty Trust		426,072
	24,835	*	Forestar Real Estate Group, Inc		282,622
	52,287		Franklin Street Properties Corp		542,216
	18,866		Getty Realty Corp		350,530
	8,779		Gladstone Commercial Corp		151,789
	101,780		Glimcher Realty Trust		1,019,836
	26,731		Government Properties Income Trust		612,140
	33,146	*	Gramercy Capital Corp		78,556
	861	*	Gyrodyne Co of America, Inc		98,145
	57,331		Healthcare Realty Trust, Inc		1,408,049
	124,016		Hersha Hospitality Trust		602,718
	54,385		Highwoods Properties, Inc		1,842,020
	25,854		Hudson Pacific Properties		459,684
	55,191		Inland Real Estate Corp		440,424
	84,328		Invesco Mortgage Capital, Inc		1,668,851
	63,654		Investors Real Estate Trust		519,417
	61,978	*	iStar Financial, Inc		416,492
	31,542	e	Kennedy-Wilson Holdings, Inc		431,494
	39,732		Kite Realty Group Trust		199,852
	63,039		LaSalle Hotel Properties		1,655,404
	85,553		Lexington Corporate Properties Trust		764,844
	21,929		LTC Properties, Inc		782,865
	97,794		Medical Properties Trust, Inc		963,271
	13,743		Mission West Properties, Inc		121,076
	29,044		Monmouth Real Estate Investment Corp (Class A)		323,550
	17,947		National Health Investors, Inc		963,574
	12,493		New York Mortgage Trust, Inc		84,952
	94,456		NorthStar Realty Finance Corp		520,453
	35,973		NRDC Acquisition Corp		438,511
	77,813		Omega Healthcare Investors, Inc		1,886,187
	8,555		One Liberty Properties, Inc		161,604
	12,945		Parkway Properties, Inc		144,078
	41,981		Pebblebrook Hotel Trust		953,808
	41,111		Pennsylvania Real Estate Investment Trust		590,354
	30,326		Pennymac Mortgage Investment Trust		638,969
	29,537		Potlatch Corp		1,022,276
	13,521		PS Business Parks, Inc		914,155
	34,134		RAIT Investment Trust		158,382
	33,745		Ramco-Gershenson Properties		429,911
	57,016		Redwood Trust, Inc		734,936
	61,040		Resource Capital Corp		332,668
	78,118		RLJ Lodging Trust		1,374,877
	15,960		Rouse Properties, Inc		220,886
	27,297		Sabra Healthcare REIT, Inc		505,540
	5,804		Saul Centers, Inc		241,679
	6,629		Select Income REIT		166,786
	21,281		Sovran Self Storage, Inc		1,215,145

183

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	17,220		STAG Industrial, Inc	$	249,001
	85,542	d	Starwood Property Trust, Inc		1,904,165
	134,526	*	Strategic Hotels & Resorts, Inc		815,228
	22,018		Summit Hotel Properties, Inc		182,749
	19,088		Sun Communities, Inc		889,310
	99,947	*	Sunstone Hotel Investors, Inc		1,000,469
	9,604	*	Tejon Ranch Co		249,608
	10,512		Terreno Realty Corp		156,734
	23,140		Thomas Properties Group, Inc		116,626
	203,614		Two Harbors Investment Corp		2,335,453
	9,540		UMH Properties, Inc		106,657
	8,585		Universal Health Realty Income Trust		373,791
	16,800		Urstadt Biddle Properties, Inc (Class A)		319,032
	48,705		Washington Real Estate Investment Trust		1,300,424
	5,762	*	Western Asset Mortgage Capital Corp		117,660
	7,340		Whitestone REIT		100,191
	21,411		Winthrop Realty Trust		260,358
	2,483	*,e	Zillow, Inc		93,510
			TOTAL REAL ESTATE		66,528,738
RETAILING - 4.2%
	18,721	*	1-800-FLOWERS.COM, Inc (Class A)		65,711
	60,529	*	Aeropostale, Inc		1,193,632
	5,849	*	America’s Car-Mart, Inc		268,352
	36,364	*	Ann Taylor Stores Corp		984,737
	20,112	*	Asbury Automotive Group, Inc		526,130
	13,181	*	Audiovox Corp (Class A)		98,726
	21,401	*	Barnes & Noble, Inc		283,991
	25,662		Bebe Stores, Inc		153,972
	13,189		Big 5 Sporting Goods Corp		99,445
	9,957	*,e	Blue Nile, Inc		255,696
	11,683	*	Body Central Corp		120,802
	10,036	e	Bon-Ton Stores, Inc		66,238
	30,901	e	Brown Shoe Co, Inc		425,198
	20,519	e	Buckle, Inc		793,470
	34,026	*	Cabela’s, Inc		1,563,154
	3,332	*,e	CafePress, Inc		26,956
	31,277	*	Casual Male Retail Group, Inc		118,853
	19,647		Cato Corp (Class A)		550,116
	17,863	*	Children’s Place Retail Stores, Inc		907,440
	11,151	*	Citi Trends, Inc		167,600
	45,269	*	Collective Brands, Inc		974,189
	11,119	*,e	Conn’s, Inc		198,474
	8,234		Core-Mark Holding Co, Inc		397,620
	9,654		Destination Maternity Corp		172,710
	64,514		Express Parent LLC		1,038,675
	36,833		Finish Line, Inc (Class A)		769,073
	25,607	*	Francesca’s Holdings Corp		804,316
	27,132		Fred’s, Inc (Class A)		385,274
	18,082	*	Genesco, Inc		1,197,390
	6,121	*	Gordmans Stores, Inc		103,690
	16,837		Group 1 Automotive, Inc		904,989

184

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,815		Haverty Furniture Cos, Inc	$	155,833
	11,863	*	HHgregg, Inc		81,617
	19,390	*	Hibbett Sports, Inc		1,178,330
	30,330		Hot Topic, Inc		308,153
	27,837		HSN, Inc		1,179,175
	20,449	*	JOS A Bank Clothiers, Inc		864,175
	11,529	*	Kirkland’s, Inc		124,629
	15,856		Lithia Motors, Inc (Class A)		441,748
	20,409	*,e	Lumber Liquidators, Inc		863,097
	16,036	*	MarineMax, Inc		119,308
	7,933	*,e	Mattress Firm Holding Corp		231,326
	37,540		Men’s Wearhouse, Inc		1,022,965
	22,724	e	Monro Muffler, Inc		751,483
	19,425	*	New York & Co, Inc		88,384
	20,501	e	Nutri/System, Inc		214,953
	204,639	*	Office Depot, Inc		364,257
	62,487	*	OfficeMax, Inc		280,567
	18,328	*	Orbitz Worldwide, Inc		79,544
	1,374	*	Orchard Supply Hardware Stores Corp		23,028
	9,434	*,e	Overstock.com, Inc		75,849
	30,773		Penske Auto Group, Inc		735,475
	38,119	e	PEP Boys - Manny Moe & Jack		345,739
	3,639	*,e	Perfumania Holdings, Inc		31,295
	14,501	e	PetMed Express, Inc		140,950
	71,025		Pier 1 Imports, Inc		1,171,202
	71,775	e	RadioShack Corp		208,865
	43,568		Rent-A-Center, Inc		1,549,278
	11,171	*,e	Rue21, Inc		275,254
	81,391	*,e	Saks, Inc		848,908
	41,831	*	Select Comfort Corp		1,088,024
	10,297		Shoe Carnival, Inc		228,593
	26,428	*,e	Shutterfly, Inc		867,631
	29,028	e	Sonic Automotive, Inc (Class A)		496,959
	3,921	*	Sourceforge, Inc		78,420
	21,805		Stage Stores, Inc		412,987
	19,661		Stein Mart, Inc		156,305
	7,481	*	Systemax, Inc		93,288
	52,702	*,e	Talbots, Inc		144,404
	6,354	*,e	Teavana Holdings, Inc		71,165
	6,631	*	Tilly’s, Inc		110,141
	32,899	*	Tuesday Morning Corp		166,469
	10,292	*	US Auto Parts Network, Inc		43,741
	15,884	*,e	Vitacost.com, Inc		104,834
	21,497	*	Vitamin Shoppe, Inc		1,180,615
	10,612	*	West Marine, Inc		108,561
	63,932	*	Wet Seal, Inc (Class A)		175,174
	1,668		Winmark Corp		92,140
	15,796	*	Zumiez, Inc		573,869
			TOTAL RETAILING		35,565,326

185

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5%
	29,562	*	Advanced Energy Industries, Inc	$	364,204
	12,409	*	Alpha & Omega Semiconductor Lt		95,673
	60,271	*	Amkor Technology, Inc		321,244
	55,456	*	Anadigics, Inc		70,429
	43,880	*	Applied Micro Circuits Corp		250,994
	23,378	*	ATMI, Inc		443,714
	32,054	*	AuthenTec, Inc		269,254
	75,263	*	Axcelis Technologies, Inc		63,974
	26,226	*	AXT, Inc		91,529
	48,698		Brooks Automation, Inc		450,943
	16,999		Cabot Microelectronics Corp		499,771
	36,657	*,e	Cavium Networks, Inc		990,472
	16,735	*,e	Ceva, Inc		260,062
	16	*,m	China Energy Savings Technology, Inc		0
	47,758	*	Cirrus Logic, Inc		1,756,062
	16,948		Cohu, Inc		145,753
	22,703	*	Cymer, Inc		1,298,839
	26,223	*	Diodes, Inc		496,664
	17,377	*	DSP Group, Inc		100,439
	99,004	*	Entegris, Inc		796,982
	63,406	*,e	Entropic Communications, Inc		380,436
	26,855	*	Exar Corp		198,727
	44,500	*,e	First Solar, Inc		691,530
	35,969	*	Formfactor, Inc		220,130
	28,655	*	FSI International, Inc		103,731
	14,331	*	GSI Technology, Inc		68,646
	85,366	*,e	GT Solar International, Inc		437,074
	23,085	*	Hittite Microwave Corp		1,169,717
	16,843	*	Inphi Corp		185,273
	104,487	*	Integrated Device Technology, Inc		526,614
	19,189	*	Integrated Silicon Solution, Inc		186,709
	9,982	*	Intermolecular, Inc		66,480
	50,837	*	International Rectifier Corp		866,263
	93,600		Intersil Corp (Class A)		862,056
	17,732	*	IXYS Corp		179,093
	48,290	*	Kopin Corp		175,293
	85,106	*	Lattice Semiconductor Corp		315,743
	35,326	*	LTX-Credence Corp		207,010
	4,388	*	MA-COM Technology Solutions		77,624
	42,239	*,e	Mattson Technology, Inc		37,170
	16,026	*	MaxLinear, Inc		75,643
	173,173	*	MEMC Electronic Materials, Inc		332,492
	35,161		Micrel, Inc		328,404
	64,920	*	Microsemi Corp		1,256,851
	29,577	*,e	Mindspeed Technologies, Inc		69,802
	36,369	*	MIPS Technologies, Inc		223,669
	38,481		MKS Instruments, Inc		1,015,898
	22,013	*	Monolithic Power Systems, Inc		426,612
	22,426	*	MoSys, Inc		72,436
	16,928	*	Nanometrics, Inc		257,136
	3,565	*,e	NVE Corp		197,216
	37,779	*	Omnivision Technologies, Inc		529,662
	18,158	*	PDF Solutions, Inc		169,051

186

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	17,565	*	Pericom Semiconductor Corp	$	141,223
	44,799	*	Photronics, Inc		262,074
	32,202	*	PLX Technology, Inc		182,263
	20,808		Power Integrations, Inc		733,274
	27,735	*,e	QuickLogic Corp		66,287
	79,633	*,e	Rambus, Inc		334,459
	202,550	*	RF Micro Devices, Inc		785,894
	12,086	*,e	Rubicon Technology, Inc		121,464
	23,408	*	Rudolph Technologies, Inc		234,080
	48,016	*	Semtech Corp		1,147,102
	25,648	*	Sigma Designs, Inc		174,406
	60,000	*	Silicon Image, Inc		235,200
	34,989	*	Spansion, Inc		358,637
	16,735	*	Standard Microsystems Corp		617,689
	20,754	*,e	STR Holdings, Inc		69,318
	28,681	*,e	SunPower Corp		112,430
	7,626	*	Supertex, Inc		129,566
	37,421		Tessera Technologies, Inc		540,733
	121,521	*	Triquint Semiconductor, Inc		685,378
	18,115	*	Ultra Clean Holdings		109,415
	19,418	*	Ultratech, Inc		617,687
	28,354	*,e	Veeco Instruments, Inc		1,012,521
	18,278	*	Volterra Semiconductor Corp		420,028
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		29,768,321
SOFTWARE & SERVICES - 8.2%
	39,703	*	Accelrys, Inc		322,388
	29,151	*	ACI Worldwide, Inc		1,282,936
	28,031	*,e	Active Network, Inc		397,760
	35,493	*	Actuate Corp		229,285
	55,715	*	Acxiom Corp		934,341
	22,833	*	Advent Software, Inc		519,679
	18,585	*	American Software, Inc (Class A)		149,795
	21,053	*	Ancestry.com, Inc		704,644
	25,662	*	Angie’s List, Inc		333,606
	68,561	*	Aspen Technology, Inc		1,602,956
	6,716	*	AVG Technologies NV		67,361
	33,315	*,e	Bankrate, Inc		531,374
	7,264	*	Bazaarvoice, Inc		112,592
	33,117		Blackbaud, Inc		893,497
	28,883	*	Blucora, Inc		440,466
	25,126	*	Bottomline Technologies, Inc		477,143
	5,103	*,e	Brightcove, Inc		75,575
	20,402	*,e	BroadSoft, Inc		500,869
	19,733	*,e	CACI International, Inc (Class A)		1,113,928
	24,948	*,e	Callidus Software, Inc		115,509
	8,087	*,e	Carbonite, Inc		78,444
	32,318	*	Cardtronics, Inc		1,002,181
	6,701		Cass Information Systems, Inc		254,638
	52,559	*	Ciber, Inc		197,096
	8,325	*,m	Clinical Data, Inc		7,909
	32,781	*	Commvault Systems, Inc		1,590,534

187

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,206	*	Computer Task Group, Inc	$	167,081
	25,467	*	comScore, Inc		392,192
	21,939	*,e	Constant Contact, Inc		367,917
	85,787		Convergys Corp		1,264,500
	24,248	*,e	Cornerstone OnDemand, Inc		576,617
	19,492	*	CoStar Group, Inc		1,608,675
	24,891	*	CSG Systems International, Inc		438,828
	31,122	*	DealerTrack Holdings, Inc		907,829
	16,038	*	Deltek, Inc		208,815
	21,607	*,e	Demand Media, Inc		240,270
	4,721	*,e	Demandware, Inc		115,995
	34,118	*	Dice Holdings, Inc		257,250
	27,229	*	Digital River, Inc		484,404
	5,700		DMRC Corp		138,453
	76,545		Earthlink, Inc		524,333
	20,328	e	Ebix, Inc		440,914
	18,365	*	Ellie Mae, Inc		376,483
	14,999	*	Envestnet, Inc		183,138
	5,564	*,e	Envivio, Inc		33,328
	3,493	*	EPAM Systems, Inc		56,028
	23,119		EPIQ Systems, Inc		261,014
	2,855	*	ePlus, Inc		97,013
	37,156	*	Euronet Worldwide, Inc		679,212
	7,039	*,e	ExactTarget, Inc		160,489
	16,856	*	ExlService Holdings, Inc		415,500
	25,197		Fair Isaac Corp		1,090,778
	22,450	*	FalconStor Software, Inc		45,349
	10,158		Forrester Research, Inc		289,909
	17,421	*,e,m	Gerber Scientific, Inc		0
	48,133	*	Global Cash Access, Inc		310,939
	39,047	*,e	Glu Mobile, Inc		187,426
	10,635	*	Guidance Software, Inc		104,861
	13,962	*,e	Guidewire Software, Inc		358,265
	19,641	*	Hackett Group, Inc		92,509
	28,476		Heartland Payment Systems, Inc		902,689
	23,154	*,e	Higher One Holdings, Inc		256,778
	23,172	*	iGate Corp		368,435
	7,002	*,e	Imperva, Inc		184,853
	5,617	*	Infoblox, Inc		118,013
	16,045	*	Innodata Isogen, Inc		61,613
	10,590	*	Interactive Intelligence, Inc		276,187
	39,638	*	Internap Network Services Corp		255,269
	37,470	*	Ipass, Inc		85,432
	33,925	e	j2 Global, Inc		1,015,375
	31,205	*	JDA Software Group, Inc		923,044
	11,678	*,e	Jive Software, Inc		233,910
	19,710	*	Kenexa Corp		469,295
	10,964		Keynote Systems, Inc		150,755
	38,069	*,e	KIT Digital, Inc		121,821
	19,140	*	Knot, Inc		164,795
	46,842	*,e	Limelight Networks, Inc		130,221
	43,965	*	Lionbridge Technologies		135,412

188

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	17,369	*,e	Liquidity Services, Inc	$	794,111
	40,510	*	Liveperson, Inc		757,537
	15,902	*	LogMeIn, Inc		301,343
	10,904	*,e	magicJack VocalTec Ltd		242,178
	14,915	*	Manhattan Associates, Inc		696,381
	17,078	e	Mantech International Corp (Class A)		374,521
	18,019	e	Marchex, Inc (Class B)		62,526
	15,936	*	Market Leader, Inc		85,098
	7,274	*	Mattersight Corp		56,519
	24,916		MAXIMUS, Inc		1,258,258
	13,458	*,e	MeetMe, Inc		22,206
	67,908	*	Mentor Graphics Corp		1,037,634
	6,143	*	MicroStrategy, Inc (Class A)		715,414
	8,237	*,e	Millennial Media, Inc		81,793
	29,621		ModusLink Global Solutions, Inc		101,304
	15,497	*	MoneyGram International, Inc		241,133
	26,392	*	Monotype Imaging Holdings, Inc		387,435
	89,922	*	Monster Worldwide, Inc		651,934
	28,150	*	Move, Inc		259,261
	26,491	*	Netscout Systems, Inc		618,830
	47,401		NIC, Inc		638,017
	16,452	*	OpenTable, Inc		598,195
	10,780		Opnet Technologies, Inc		285,023
	87,090	*	Parametric Technology Corp		1,875,919
	12,388	e	Pegasystems, Inc		344,139
	23,054	*	Perficient, Inc		306,388
	9,588	*	Pervasive Software, Inc		64,815
	16,088	*	PRG-Schultz International, Inc		122,269
	46,079	*	Progress Software Corp		895,776
	4,591	*	Proofpoint, Inc		63,448
	15,517	*	PROS Holdings, Inc		216,307
	4,513	*	QAD, Inc (Class A)		62,956
	62,728	*	QLIK Technologies, Inc		1,254,560
	41,159	*	Quest Software, Inc		1,149,982
	23,572	*,e	QuinStreet, Inc		213,798
	15,156		RealNetworks, Inc		117,610
	26,556	*,e	RealPage, Inc		590,074
	25,783	*,e	Responsys, Inc		287,480
	8,802	*,e	Rosetta Stone, Inc		114,690
	22,472	*	Saba Software, Inc		187,416
	9,938	*,e	Sapiens International Corp NV		34,982
	90,373		Sapient Corp		900,115
	12,881	*	Sciquest, Inc		219,235
	20,678	*	Seachange International, Inc		156,532
	35,791	*,e	ServiceSource International LLC		403,723
	21,760	*	Sourcefire, Inc		1,110,848
	8,324	*,e	Spark Networks, Inc		48,196
	7,651	*	SPS Commerce, Inc		247,510
	24,431	*	SS&C Technologies Holdings, Inc		593,673
	10,205		Stamps.com, Inc		215,836
	33,898	*	SupportSoft, Inc		96,609
	4,875	*,e	Synacor, Inc		47,434

189

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	19,910	*	Synchronoss Technologies, Inc	$	380,679
	11,330		Syntel, Inc		658,613
	29,774	*	TA Indigo Holding Corp		129,815
	56,429	*	Take-Two Interactive Software, Inc		495,447
	21,492	*,e	Tangoe, Inc		412,431
	9,819	*	TechTarget, Inc		40,356
	14,399	*	TeleNav, Inc		83,082
	16,668	*	TeleTech Holdings, Inc		274,355
	89,930	*	TiVo, Inc		781,492
	17,663	*	TNS, Inc		299,035
	5,153	*,e	Travelzoo, Inc		111,356
	22,082	*	Tyler Technologies, Inc		861,640
	19,515	*	Ultimate Software Group, Inc		1,746,007
	32,072	*	Unisys Corp		623,159
	65,303		United Online, Inc		276,885
	60,224	*	Unwired Planet, Inc		118,039
	59,216	*	Valueclick, Inc		930,283
	20,078	*	Vasco Data Security International		185,722
	15,722	*,e	Verint Systems, Inc		438,801
	30,671	*,e	VirnetX Holding Corp		725,676
	13,432	*	Virtusa Corp		203,495
	27,174	*	VistaPrint Ltd		937,503
	14,852	*	Vocus, Inc		256,940
	37,279	*	WebMD Health Corp (Class A)		548,374
	27,414	*	Websense, Inc		411,484
	25,298	*	Website Pros, Inc		392,119
	28,548	*	Wright Express Corp		1,837,920
	6,079	*	Yelp, Inc		121,337
	45,941	*	Zix Corp		112,096
			TOTAL SOFTWARE & SERVICES		69,269,829
TECHNOLOGY HARDWARE & EQUIPMENT - 5.3%
	34,151	*,e	3D Systems Corp		1,297,738
	46,795	e	Adtran, Inc		1,009,836
	11,749	*	Agilysys, Inc		102,099
	1,947	*,e	Ambient Corp		11,409
	10,992	*	Anaren, Inc		220,609
	20,772		Anixter International, Inc		1,182,135
	82,902	*	Arris Group, Inc		1,052,026
	81,740	*	Aruba Networks, Inc		1,159,073
	4,381	*,e	Audience, Inc		79,077
	21,115	*	Avid Technology, Inc		194,469
	8,275		Aware, Inc		51,222
	14,348	*	AX Holding Corp		86,231
	10,412		Badger Meter, Inc		352,863
	8,039		Bel Fuse, Inc (Class B)		144,943
	41,634	*	Benchmark Electronics, Inc		656,152
	12,752		Black Box Corp		339,713
	53,294	*,e	Bookham, Inc		149,223
	50,541	*	Brightpoint, Inc		453,353
	20,702	*	CalAmp Corp		155,886
	29,936	*,e	Calix Networks, Inc		138,005

190

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	29,179	*	Checkpoint Systems, Inc	$	224,387
	72,497	*,e	Ciena Corp		1,162,127
	31,385		Cognex Corp		1,060,813
	17,411	*	Coherent, Inc		850,179
	13,973		Comtech Telecommunications Corp		381,742
	160,712	*	Comverse Technology, Inc		872,666
	26,731	*	Cray, Inc		332,266
	25,356		CTS Corp		225,668
	26,033		Daktronics, Inc		201,235
	12,662	*	Datalink Corp		99,650
	18,150	*	Digi International, Inc		166,073
	13,152	*	DTS, Inc		245,019
	29,401	*	Echelon Corp		94,671
	13,579		Electro Rent Corp		227,584
	16,526		Electro Scientific Industries, Inc		205,088
	33,629	*	Electronics for Imaging, Inc		491,656
	62,684	*	Emulex Corp		405,566
	71,239	*	Extreme Networks, Inc		227,965
	15,895	*,e	Fabrinet		211,086
	12,196	*	FARO Technologies, Inc		524,794
	27,817		FEI Co		1,327,149
	67,365	*	Finisar Corp		837,347
	16,655	*	Globecomm Systems, Inc		169,548
	21,049	*	GSI Group, Inc		216,805
	84,696	*	Harmonic, Inc		359,111
	43,398	*	Harris Stratex Networks, Inc (Class A)		98,079
	21,477	*	Imation Corp		119,627
	22,396	*	Immersion Corp		125,194
	79,147	*,e	Infinera Corp		436,891
	32,340	*	Insight Enterprises, Inc		542,018
	32,118	e	InterDigital, Inc		876,821
	43,267	*	Intermec, Inc		260,467
	18,273	*	Intevac, Inc		107,263
	26,248	*,e	InvenSense, Inc		338,599
	30,390	*	Ixia		471,045
	32,332	*	Kemet Corp		156,164
	9,322	*,e	Key Tronic Corp		69,169
	10,631	*	KVH Industries, Inc		138,735
	11,865	*	LeCroy Corp		169,551
	15,730		Littelfuse, Inc		843,757
	8,117		Loral Space & Communications, Inc		584,018
	20,967	*,e	Maxwell Technologies, Inc		136,495
	10,903	*	Measurement Specialties, Inc		324,691
	22,338	*	Mercury Computer Systems, Inc		260,684
	1,864		Mesa Laboratories, Inc		86,303
	26,690		Methode Electronics, Inc		234,872
	11,987		MTS Systems Corp		521,075
	6,720	*	Multi-Fineline Electronix, Inc		175,862
	16,231	*,e	Neonode, Inc		81,967
	14,066	*,e	NeoPhotonics Corp Ltd		69,767
	27,890	*	Netgear, Inc		965,831
	28,097	*	Newport Corp		316,091

191

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,872	*,e	Numerex Corp	$	65,353
	48,553	*	OCZ Technology Group, Inc		304,427
	13,691	*	Oplink Communications, Inc		181,543
	14,553	*	OSI Systems, Inc		939,251
	15,082		Park Electrochemical Corp		407,365
	54,765	*,e	Parkervision, Inc		137,460
	7,263		PC Connection, Inc		86,357
	13,372		PC-Tel, Inc		82,372
	31,244		Plantronics, Inc		1,025,428
	25,654	*	Plexus Corp		736,783
	47,950	*	Power-One, Inc		239,750
	14,223	*,e	Procera Networks, Inc		362,402
	71,598	*	QLogic Corp		826,241
	168,964	*	Quantum Corp		250,067
	22,977	*,e	Rackable Systems, Inc		152,797
	18,984	*	Radisys Corp		64,735
	31,743	*,e	RealD, Inc		307,907
	10,812		Richardson Electronics Ltd		132,447
	20,581	*	Rofin-Sinar Technologies, Inc		373,134
	11,738	*	Rogers Corp		420,807
	60,374	*	Sanmina-SCI Corp		515,594
	20,407	*	Scansource, Inc		589,150
	34,053	*	ShoreTel, Inc		159,368
	153,295	*	Sonus Networks, Inc		254,470
	25,250	*	STEC, Inc		203,768
	15,648	*,e	Stratasys, Inc		958,909
	20,998	*	Super Micro Computer, Inc		260,585
	14,776		Sycamore Networks, Inc		210,558
	30,539	*	Symmetricom, Inc		182,929
	24,275	*,e	Synaptics, Inc		640,374
	18,949	*	SYNNEX Corp		641,045
	268,479		Tellabs, Inc		883,296
	11,934		Telular Corp		112,538
	3,885		Tessco Technologies, Inc		72,844
	38,304	*	TTM Technologies, Inc		419,046
	7,544	*,e	Ubiquiti Networks, Inc		106,672
	29,272	*,e	Universal Display Corp		929,679
	27,491	*	Viasat, Inc		1,052,905
	2,486	*	Viasystems Group, Inc		38,284
	8,870	*	Vishay Precision Group, Inc		120,632
	38,374	*	Westell Technologies, Inc		84,039
	11,778	*	Zygo Corp		210,591
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		44,211,195
TELECOMMUNICATION SERVICES - 0.7%
	50,993	*,e	8x8, Inc		278,932
	6,356		Atlantic Tele-Network, Inc		222,206
	11,365	*,e	Boingo Wireless, Inc		97,625
	19,643	*	Cbeyond Communications, Inc		140,055
	142,318	*,e	Cincinnati Bell, Inc		547,924
	34,531	*	Cogent Communications Group, Inc		637,787
	33,864	e	Consolidated Communications Holdings, Inc		537,083

192

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,739	*,e	Fairpoint Communications, Inc	$	102,275
	27,183	*	General Communication, Inc (Class A)		256,607
	7,404	*,e	Hawaiian Telcom Holdco, Inc		133,272
	9,679		HickoryTech Corp		103,275
	10,049		IDT Corp (Class B)		101,696
	22,397	*	inContact, Inc		115,121
	35,888	*	Iridium Communications, Inc		325,145
	40,113	*,e	Leap Wireless International, Inc		227,842
	11,923		Lumos Networks Corp		106,830
	20,857	*	Neutral Tandem, Inc		284,907
	11,167		NTELOS Holdings Corp		236,740
	24,801	*	Orbcomm, Inc		77,131
	35,849	*	Premiere Global Services, Inc		328,377
	8,784		Primus Telecommunications Group, Inc		139,051
	17,636		Shenandoah Telecom Co		277,767
	68	*,b,m	Touch America Holdings, Inc		0
	33,373	*,e	Towerstream Corp		132,491
	15,398		USA Mobility, Inc		171,534
	114,580	*	Vonage Holdings Corp		205,098
			TOTAL TELECOMMUNICATION SERVICES		5,786,771
TRANSPORTATION - 2.5%
	38,258	*	Air Transport Services Group, Inc		184,786
	51,843	*	Alaska Air Group, Inc		1,806,729
	10,971	*	Allegiant Travel Co		779,599
	6,420		Amerco, Inc		599,628
	18,368		Arkansas Best Corp		251,458
	19,404	*	Atlas Air Worldwide Holdings, Inc		880,165
	78,103	*	Avis Budget Group, Inc		1,122,340
	14,511		Celadon Group, Inc		216,649
	20,418	*,e	Dollar Thrifty Automotive Group, Inc		1,519,099
	10,636	*,e	Echo Global Logistics, Inc		191,874
	21,473		Forward Air Corp		718,487
	25,387	*,e	Genco Shipping & Trading Ltd		54,836
	29,795	*	Genesee & Wyoming, Inc (Class A)		1,849,078
	36,038	*	Hawaiian Holdings, Inc		229,562
	34,746		Heartland Express, Inc		482,970
	27,192	*	Hub Group, Inc (Class A)		808,962
	4,711		International Shipholding Corp		87,059
	170,592	*,e	JetBlue Airways Corp		939,962
	41,773		Knight Transportation, Inc		640,380
	11,257		Marten Transport Ltd		202,063
	34,829	*	Old Dominion Freight Line		1,476,750
	25,307	*	Pacer International, Inc		106,289
	6,618	*	Park-Ohio Holdings Corp		113,631
	4,463	*	Patriot Transportation Holding, Inc		103,720
	15,381	*	Quality Distribution, Inc		155,348
	13,989	*	RailAmerica, Inc		383,718
	12,730	*,e	Rand Logistics, Inc		105,405
	34,804	*	Republic Airways Holdings, Inc		158,358
	9,239	*	Roadrunner Transportation Services Holdings, Inc		161,405
	11,420	*	Saia, Inc		258,092

193

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	37,134		Skywest, Inc	$	259,938
	30,713	*	Spirit Airlines, Inc		660,637
	56,918	*	Swift Transportation Co, Inc		472,420
	4,016		Universal Truckload Services, Inc		59,798
	121,001	*	US Airways Group, Inc		1,386,671
	32,441		Werner Enterprises, Inc		748,738
	12,948	*,e	Wesco Aircraft Holdings, Inc		172,856
	12,727	*,e	XPO Logistics, Inc		161,887
	19,365	*,e	Zipcar, Inc		201,977
			TOTAL TRANSPORTATION		20,713,324
UTILITIES - 3.8%
	27,982		Allete, Inc		1,160,134
	17,584	*	American DG Energy, Inc		34,992
	13,971		American States Water Co		567,921
	5,391		Artesian Resources Corp		116,014
	83,331	e	Atlantic Power Corp		1,148,301
	43,042		Avista Corp		1,191,403
	32,346		Black Hills Corp		1,030,220
	8,462	*,e	Cadiz, Inc		60,080
	30,231		California Water Service Group		558,367
	10,871		CH Energy Group, Inc		706,941
	6,977		Chesapeake Utilities Corp		319,128
	44,457		Cleco Corp		1,945,438
	6,242		Connecticut Water Service, Inc		188,696
	10,119		Consolidated Water Co, Inc		82,976
	4,914	e	Delta Natural Gas Co, Inc		99,754
	28,945		El Paso Electric Co		979,788
	30,402		Empire District Electric Co		653,643
	11,883		Genie Energy Ltd		83,894
	36,746		Idacorp, Inc		1,550,681
	16,494		Laclede Group, Inc		689,119
	17,089		MGE Energy, Inc		819,247
	12,129		Middlesex Water Co		226,812
	30,504		New Jersey Resources Corp		1,400,134
	19,604		Northwest Natural Gas Co		954,519
	26,655		NorthWestern Corp		984,369
	12,985	e	Ormat Technologies, Inc		233,730
	26,746		Otter Tail Corp		627,729
	53,087		Piedmont Natural Gas Co, Inc		1,687,105
	58,462		PNM Resources, Inc		1,216,009
	54,460		Portland General Electric Co		1,482,946
	566,723	*	RRI Energy, Inc		1,348,801
	10,137		SJW Corp		236,496
	22,211		South Jersey Industries, Inc		1,174,073
	33,816		Southwest Gas Corp		1,510,223
	37,219		UIL Holdings Corp		1,378,592
	9,911		Unitil Corp		263,236
	29,422		UNS Energy Corp		1,197,475
	37,723		WGL Holdings, Inc		1,525,895
	9,275	e	York Water Co		167,228
			TOTAL UTILITIES		31,602,109

194

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
			TOTAL COMMON STOCKS				$	830,448,584
			(Cost $779,309,937)
RIGHTS / WARRANTS - 0.0%
BANKS - 0.0%
	7,005		Hampton Roads Bankshares, Inc					18,111
	7,005		Hampton Roads Bankshares, Inc (2nd Entitlements)					0
			TOTAL BANKS					18,111
ENERGY - 0.0%
	8,048	e,m	Magnum Hunter Resources Corp					0
			TOTAL ENERGY					0
			TOTAL RIGHTS / WARRANTS					18,111
			(Cost $0)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 18.5%
TREASURY DEBT - 1.3%
	$11,000,000		United States Treasury Bill	0.055-0.056	%	08/02/12		10,999,983
								10,999,983
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 17.2%
	144,293,654	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust					144,293,654
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					144,293,654
			TOTAL SHORT-TERM INVESTMENTS					155,293,637
			(Cost $155,293,637)
			TOTAL INVESTMENTS - 117.3%					985,760,332
			(Cost $934,603,574)
			OTHER ASSETS & LIABILITIES, NET - (17.3)%					(145,259,111	)
			NET ASSETS - 100.0%				$	840,501,221
			Abbreviation(s):
			REIT       Real Estate Investment Trust
		*	Non-income producing.
		a	Affiliated holding.
		b	In bankruptcy.
		c	Investments made with cash collateral received from securities on loan.
		d	All or a portion of these securities have been segregated to cover margin requirements on open future contracts.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $138,549,638.
		m	Indicates a security that has been deemed illiquid.

195

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.1%
AUSTRALIA - 9.1%
	176,009		AGL Energy Ltd	$	2,897,076
	804,913	e	Alumina Ltd		566,601
	392,485		Amcor Ltd		3,098,570
	944,466		AMP Ltd		3,957,907
	207,233	e	APA Group		1,063,915
	321,999		Asciano Group		1,460,949
	888,919		Australia & New Zealand Banking Group Ltd		21,857,891
	56,103		Australian Stock Exchange Ltd		1,834,271
	124,409		Bendigo Bank Ltd		1,067,231
	1,067,794		BHP Billiton Ltd		35,469,427
	236,959	e	Boral Ltd		832,620
	514,196		Brambles Ltd		3,356,946
	42,435		Caltex Australia Ltd		628,171
	21,962	e	Campbell Brothers Ltd		1,074,865
	434,312		Centro Retail Australia (REIT)		933,806
	655,325		CFS Gandel Retail Trust		1,360,108
	185,501		Coca-Cola Amatil Ltd		2,709,181
	18,500	e	Cochlear Ltd		1,277,087
	523,507	e	Commonwealth Bank of Australia		31,517,790
	146,935		Computershare Ltd		1,178,773
	137,204		Crown Ltd		1,213,622
	172,377		CSL Ltd		7,708,858
	1,462,360		DB RREEF Trust		1,515,239
	241,890	e	Echo Entertainment Group Ltd		1,060,401
	462,583	e	Fortescue Metals Group Ltd		1,985,689
	514,808		GPT Group (ASE)		1,852,095
	178,998	e	Harvey Norman Holdings Ltd		374,729
	135,365	e	Iluka Resources Ltd		1,336,843
	519,736		Incitec Pivot Ltd		1,684,972
	688,200		Insurance Australia Group Ltd		2,713,858
	709,876	e	John Fairfax Holdings Ltd		389,094
	48,438	e	Leighton Holdings Ltd		865,422
	171,561		Lend Lease Corp Ltd		1,451,119
	547,663	*,e	Lynas Corp Ltd		457,007
	509,402		Macquarie Goodman Group		2,003,455
	108,617		Macquarie Group Ltd		2,826,129
	283,602		Metcash Ltd		1,014,490
	1,087,693		Mirvac Group		1,558,935
	741,223		National Australia Bank Ltd		19,340,078
	253,192		Newcrest Mining Ltd		6,191,885
	118,765		Orica Ltd		3,088,588
	358,068		Origin Energy Ltd		4,419,747
	100,457		Oxiana Ltd		791,968
	341,770	*	Qantas Airways Ltd		407,050

196

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	383,172		QBE Insurance Group Ltd	$	5,623,991
	549,143		QR National Ltd		1,838,924
	44,065	e	Ramsay Health Care Ltd		1,096,389
	144,170	e	Rio Tinto Ltd		7,983,726
	307,619		Santos Ltd		3,451,852
	54,472	e	Sims Group Ltd		471,438
	119,321		Sonic Healthcare Ltd		1,582,695
	528,105		SP AusNet		583,372
	757,854		Stockland Trust Group		2,655,572
	419,516		Suncorp-Metway Ltd		3,720,925
	117,090		Sydney Airport		386,389
	235,739		Tabcorp Holdings Ltd		802,346
	437,293		Tattersall’s Ltd		1,330,693
	1,416,723		Telstra Corp Ltd		5,949,896
	225,643		Toll Holdings Ltd		947,867
	431,085		Transurban Group		2,769,197
	333,751	e	Wesfarmers Ltd		11,390,590
	726,573		Westfield Group		7,599,961
	946,507		Westfield Retail Trust		3,024,194
	1,011,356		Westpac Banking Corp		24,530,548
	143,385		Whitehaven Coal Ltd		548,973
	212,436		Woodside Petroleum Ltd		7,492,131
	406,917		Woolworths Ltd		12,192,284
	66,056		WorleyParsons Ltd		1,801,491
			TOTAL AUSTRALIA		294,169,902
AUSTRIA - 0.3%
	23,469		Andritz AG.		1,282,965
	69,147		Erste Bank der Oesterreichischen Sparkassen AG.		1,249,373
	311,399		IMMOFINANZ Immobilien Anlagen AG.		1,018,170
	22,237		Oest Elektrizitatswirts AG. (Class A)		425,315
	47,922		OMV AG.		1,503,608
	15,867	e	Raiffeisen International Bank Holding AG.		522,223
	108,473		Telekom Austria AG.		986,431
	35,310		Voestalpine AG.		959,032
	12,085		Wiener Staedtische Allgemeine Versicherung AG.		470,093
			TOTAL AUSTRIA		8,417,210
BELGIUM - 1.1%
	47,958		Belgacom S.A.		1,379,843
	24,106		Colruyt S.A.		1,093,215
	32,414		Delhaize Group		1,159,005
	777,752		Fortis		1,542,535
	23,549		Groupe Bruxelles Lambert S.A.		1,538,174
	265,592		InBev NV		21,014,437
	52,183		KBC Groep NV		1,089,965
	10,403		Mobistar S.A.		320,956
	19,554		Solvay S.A.		2,030,195
	18,037		Telenet Group Holding NV		794,386
	36,249		UCB S.A.		1,813,444
	37,399		Umicore		1,654,801
			TOTAL BELGIUM		35,430,956

197

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
CHINA - 0.0%
	343,000	e	Cosco Corp Singapore Ltd	$	265,470
	626,000	e	Yangzijiang Shipbuilding		496,611
			TOTAL CHINA		762,081
DENMARK - 1.2%
	182		AP Moller - Maersk AS (Class A)		1,196,607
	436		AP Moller - Maersk AS (Class B)		3,016,694
	35,038		Carlsberg AS (Class B)		2,832,086
	7,345	e	Coloplast AS (Class B)		1,390,762
	213,174	*	Danske Bank AS		3,160,071
	63,018		DSV AS		1,350,423
	134,791		Novo Nordisk AS (Class B)		20,783,100
	79,647		Novozymes AS		1,958,073
	157,138		TDC AS		1,065,646
	8,941	e	TrygVesta AS		506,876
	8,411	*,e	William Demant Holding		793,497
			TOTAL DENMARK		38,053,835
FINLAND - 0.7%
	46,014	e	Elisa Oyj (Series A)		955,696
	147,150		Fortum Oyj		2,461,293
	21,612	e	Kesko Oyj (B Shares)		558,083
	51,299		Kone Oyj (Class B)		3,177,120
	41,034		Metso Oyj		1,491,223
	43,212	e	Neste Oil Oyj		455,888
	1,224,273	e	Nokia Oyj		2,938,638
	35,801	e	Nokian Renkaat Oyj		1,425,526
	44,461	e	OKO Bank (Class A)		515,412
	32,012	e	Orion Oyj (Class B)		638,287
	137,385		Sampo Oyj (A Shares)		3,638,495
	182,330	e	Stora Enso Oyj (R Shares)		1,037,936
	173,061		UPM-Kymmene Oyj		1,848,613
	53,807	e	Wartsila Oyj (B Shares)		1,611,159
			TOTAL FINLAND		22,753,369
FRANCE - 8.5%
	47,708		Accor S.A.		1,583,200
	10,808		Aeroports de Paris		837,434
	103,892	e	Air Liquide		11,618,875
	763,886	*,e	Alcatel S.A.		843,064
	67,444	e	Alstom RGPT		2,235,152
	19,836		Arkema		1,460,089
	17,267		Atos Origin S.A.		969,673
	585,613		AXA S.A.		7,115,024
	319,622		BNP Paribas		11,806,732
	61,405	e	Bouygues S.A.		1,546,490
	17,844		Bureau Veritas S.A.		1,575,162
	47,244		Cap Gemini S.A.		1,723,909
	187,690	e	Carrefour S.A.		3,358,471
	18,151		Casino Guichard Perrachon S.A.		1,522,188

198

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	18,050		Christian Dior S.A.	$	2,492,570
	46,891		CNP Assurances		493,984
	132,578		Compagnie de Saint-Gobain		3,992,330
	43,789	*	Compagnie Generale de Geophysique S.A.		1,253,382
	67,358		Compagnie Generale d’Optique Essilor International S.A.		5,863,035
	331,185	e	Credit Agricole S.A.		1,415,523
	20,183	e	Dassault Systemes S.A.		1,990,688
	55,954		Edenred		1,474,441
	78,973		Electricite de France		1,636,009
	9,927	e	Eurazeo		394,662
	41,833		Eutelsat Communications		1,263,009
	8,321		Fonciere Des Regions		600,520
	607,864		France Telecom S.A.		8,139,964
	410,167	e	Gaz de France		9,152,909
	6,874		Gecina S.A.		629,270
	191,112	e	Groupe Danone		11,616,433
	177,604		Groupe Eurotunnel S.A.		1,261,698
	7,573		Icade		579,130
	7,472	e	Iliad S.A.		1,028,958
	10,055		Imerys S.A.		506,141
	20,567		JC Decaux S.A.		415,247
	30,428		Klepierre		989,675
	62,198	e	Lafarge S.A.		2,851,365
	37,337		Lagardere S.C.A.		1,006,971
	77,060		Legrand S.A.		2,468,791
	79,854		L’Oreal S.A.		9,574,570
	84,040		LVMH Moet Hennessy Louis Vuitton S.A.		12,642,182
	58,610		Michelin (C.G.D.E.) (Class B)		3,982,347
	298,245		Natixis		743,277
	69,985		Pernod-Ricard S.A.		7,520,969
	77,882	e	Peugeot S.A.		604,014
	24,732	e	PPR		3,697,870
	48,229	e	Publicis Groupe S.A.		2,374,238
	7,166	e	Remy Cointreau S.A.		845,675
	63,323	e	Renault S.A.		2,761,671
	33,145		Rexel S.A.		553,909
	74,740		Safran S.A.		2,529,175
	399,554		Sanofi-Aventis		32,598,607
	172,350		Schneider Electric S.A.		9,717,540
	53,893		SCOR		1,277,091
	9,193		Societe BIC S.A.		931,868
	230,913		Societe Generale		5,082,628
	31,565		Sodexho Alliance S.A.		2,381,228
	88,373		Suez Environnement S.A.		970,167
	32,491	e	Technip S.A.		3,410,730
	30,392	e	Thales S.A.		950,366
	702,381	e	Total S.A.		32,363,075
	30,312		Unibail		5,812,193
	34,722	e	Vallourec		1,437,535
	115,873		Veolia Environnement		1,311,105
	149,660		Vinci S.A.		6,337,663
	424,177		Vivendi Universal S.A.		8,044,770

199

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	10,570		Wendel	$	754,795
	11,327	e	Zodiac S.A.		1,104,576
			TOTAL FRANCE		274,028,002
GERMANY - 8.0%
	68,888		Adidas-Salomon AG.		5,166,752
	150,573		Allianz AG.		14,938,091
	12,164	e	Axel Springer AG.		542,959
	303,861		BASF AG.		22,183,223
	273,436		Bayer AG.		20,768,136
	109,443		Bayerische Motoren Werke AG.		8,145,104
	16,990		Bayerische Motoren Werke AG. (Preference)		845,347
	33,199		Beiersdorf AG.		2,198,641
	15,031		Brenntag AG.		1,646,290
	26,163		Celesio AG.		475,941
	1,192,753	*	Commerzbank AG.		1,848,385
	25,670		Continental AG.		2,321,001
	299,709		Daimler AG. (Reg)		14,933,106
	307,379		Deutsche Bank AG.		9,332,223
	63,429		Deutsche Boerse AG.		3,155,494
	71,825		Deutsche Lufthansa AG.		902,835
	279,131		Deutsche Post AG.		5,011,308
	922,864		Deutsche Telekom AG.		10,402,473
	595,317		E.ON AG.		12,669,514
	11,866		Fraport AG. Frankfurt Airport Services Worldwide		671,996
	69,137		Fresenius Medical Care AG.		4,997,764
	40,888		Fresenius SE		4,354,073
	54,848		GEA Group AG.		1,476,178
	19,125		Hannover Rueckversicherung AG.		1,142,797
	45,944		HeidelbergCement AG.		2,128,840
	42,535		Henkel KGaA		2,512,706
	58,904		Henkel KGaA (Preference)		4,228,668
	12,376		Hochtief AG.		587,233
	7,829		Hugo Boss AG.		787,091
	347,542		Infineon Technologies AG.		2,525,343
	55,966		K&S AG.		2,761,050
	29,637	*	Kabel Deutschland Holding AG.		1,854,464
	26,622		Lanxess AG.		1,845,721
	60,972		Linde AG.		9,068,386
	19,579		MAN AG.		1,831,313
	21,126	e	Merck KGaA		2,124,706
	41,510		Metro AG.		1,141,461
	59,266		Muenchener Rueckver AG.		8,397,519
	50,109		Porsche AG.		2,578,418
	27,996		ProSiebenSat.1 Media AG.		585,967
	161,616		RWE AG.		6,345,055
	11,868	e	RWE AG. (Preference)		420,121
	12,682		Salzgitter AG.		461,071
	304,274		SAP AG.		19,310,104
	271,826		Siemens AG.		23,034,249
	22,700	e	Suedzucker AG.		782,096
	123,196	e	ThyssenKrupp AG.		2,258,477

200

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	32,964	e	United Internet AG.	$	582,610
	9,750		Volkswagen AG.		1,549,865
	47,859		Volkswagen AG. (Preference)		8,144,269
	5,306	e	Wacker Chemie AG.		345,220
			TOTAL GERMANY		258,321,654
GREECE - 0.1%
	66,905	*	Coca Cola Hellenic Bottling Co S.A.		1,173,058
	75,973		OPAP S.A.		456,519
			TOTAL GREECE		1,629,577
HONG KONG - 3.0%
	3,389,600		AIA Group Ltd		11,842,618
	67,500	e	ASM Pacific Technology		863,672
	472,691	e	Bank of East Asia Ltd		1,641,807
	1,225,000		BOC Hong Kong Holdings Ltd		3,746,753
	383,000		Cathay Pacific Airways Ltd		631,731
	460,000		Cheung Kong Holdings Ltd		6,018,428
	162,000		Cheung Kong Infrastructure Holdings Ltd		981,477
	597,500		CLP Holdings Ltd		5,155,559
	682,000		First Pacific Co		762,497
	683,000	*,e	Foxconn International Holdings Ltd		203,426
	476,000	*,e	Galaxy Entertainment Group Ltd		1,138,870
	281,000		Hang Lung Group Ltd		1,813,939
	753,000		Hang Lung Properties Ltd		2,660,441
	249,300		Hang Seng Bank Ltd		3,458,642
	308,447		Henderson Land Development Co Ltd		1,787,547
	1,700,986		Hong Kong & China Gas Ltd		3,935,293
	453,500		Hong Kong Electric Holdings Ltd		3,558,880
	339,200	e	Hong Kong Exchanges and Clearing Ltd		4,525,688
	192,540		Hopewell Holdings		559,585
	1,677,300		Hutchison Port Holdings Trust		1,271,757
	705,000		Hutchison Whampoa Ltd		6,319,630
	215,699		Hysan Development Co Ltd		908,253
	229,623		Kerry Properties Ltd		1,049,870
	1,858,600		Li & Fung Ltd		3,650,682
	198,000		Lifestyle International Holdings Ltd		452,854
	743,004		Link Real Estate Investment Trust		3,250,374
	464,143		MTR Corp		1,617,402
	1,219,557		New World Development Ltd		1,550,745
	1,256,999		Noble Group Ltd		1,078,288
	442,284		NWS Holdings Ltd		673,181
	69,800		Orient Overseas International Ltd		395,791
	1,275,000		PCCW Ltd		499,645
	524,192		Shangri-La Asia Ltd		1,029,353
	980,136		Sino Land Co		1,665,395
	629,000		SJM Holdings Ltd		1,116,898
	519,052		Sun Hung Kai Properties Ltd		6,447,486
	222,500		Swire Pacific Ltd (Class A)		2,662,477
	500,762		Wharf Holdings Ltd		2,883,675
	296,000		Wheelock & Co Ltd		1,156,889
	58,495		Wing Hang Bank Ltd		535,323
	236,500		Yue Yuen Industrial Holdings		714,031
			TOTAL HONG KONG		96,216,852

201

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
INDIA - 0.0%
	35,025	e	Vedanta Resources plc	$	532,751
			TOTAL INDIA		532,751
IRELAND - 0.6%
	67,097	*,m	Anglo Irish Bank Corp plc		0
	236,493		CRH plc		4,329,884
	164,351	*	Elan Corp plc		1,916,817
	142,982		James Hardie Industries NV		1,248,943
	48,418		Kerry Group plc (Class A)		2,201,241
	41,178		Ryanair Holdings plc		201,215
	5,828		Ryanair Holdings plc (ADR)		171,693
	185,719		Shire Ltd		5,357,096
	417,989		WPP plc		5,285,146
			TOTAL IRELAND		20,712,035
ISRAEL - 0.6%
	336,104	*	Bank Hapoalim Ltd		973,925
	395,574	*	Bank Leumi Le-Israel		891,853
	599,562		Bezeq Israeli Telecommunication Corp Ltd		603,188
	1,655		Delek Group Ltd		219,614
	7,124		Elbit Systems Ltd		230,351
	147,203		Israel Chemicals Ltd		1,742,629
	713		Israel Corp Ltd		408,315
	42,550	*	Mizrahi Tefahot Bank Ltd		319,008
	20,155	*	Nice Systems Ltd		726,880
	311,563		Teva Pharmaceutical Industries Ltd		12,707,333
			TOTAL ISRAEL		18,823,096
ITALY - 1.9%
	385,881	e	Assicurazioni Generali S.p.A.		4,833,596
	36,592		Autogrill S.p.A.		295,366
	108,670		Autostrade S.p.A.		1,426,686
	3,328,011		Banca Intesa S.p.A.		4,206,809
	283,197		Banca Intesa S.p.A. RSP		283,170
	2,042,706	e	Banca Monte dei Paschi di Siena S.p.A.		451,372
	272,390		Banche Popolari Unite Scpa		788,882
	561,243		Banco Popolare Scarl		653,578
	556,467		Enel Green Power S.p.A		795,686
	2,177,914		Enel S.p.A.		6,219,603
	795,224		ENI S.p.A.		16,397,715
	21,015		Exor S.p.A.		464,047
	280,847		FIAT Industrial S.p.A.		2,751,553
	292,100	e	Fiat S.p.A.		1,431,404
	150,745	e	Finmeccanica S.p.A.		550,790
	37,573		Luxottica Group S.p.A.		1,288,115
	253,792	e	Mediaset S.p.A.		442,357
	175,936		Mediobanca S.p.A.		604,952
	77,009	e	Pirelli & C S.p.A.		777,677

202

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	68,308		Prysmian S.p.A.	$	1,094,100
	86,727		Saipem S.p.A.		3,985,838
	524,581		Snam Rete Gas S.p.A.		2,108,724
	1,927,529		Telecom Italia RSP		1,341,930
	3,009,787		Telecom Italia S.p.A.		2,450,035
	415,727		Terna Rete Elettrica Nazionale S.p.A.		1,387,391
	1,338,270		UniCredit S.p.A		4,534,244
			TOTAL ITALY		61,565,620
JAPAN - 20.6%
	9,100	e	ABC-Mart, Inc		366,751
	50,000	e	Advantest Corp		634,484
	198,800	e	Aeon Co Ltd		2,393,682
	25,200	e	Aeon Credit Service Co Ltd		480,328
	23,800		Aeon Mall Co Ltd		569,257
	45,000		Air Water, Inc		541,221
	61,500		Aisin Seiki Co Ltd		1,869,441
	211,000		Ajinomoto Co, Inc		2,988,771
	13,300		Alfresa Holdings Corp		706,993
	276,000	e	All Nippon Airways Co Ltd		637,559
	118,000		Amada Co Ltd		620,515
	183,000		Aozora Bank Ltd		419,282
	126,200		Asahi Breweries Ltd		2,832,856
	323,000		Asahi Glass Co Ltd		1,896,302
	418,000		Asahi Kasei Corp		2,215,456
	50,200		Asics Corp		587,569
	147,100		Astellas Pharma, Inc		6,988,076
	98,000	e	Bank of Kyoto Ltd		716,742
	399,000		Bank of Yokohama Ltd		1,807,087
	22,000		Benesse Corp		1,038,390
	215,500		Bridgestone Corp		4,853,930
	75,800		Brother Industries Ltd		700,212
	374,900		Canon, Inc		12,519,094
	80,100	e	Casio Computer Co Ltd		526,494
	493		Central Japan Railway Co		4,073,040
	247,000		Chiba Bank Ltd		1,438,850
	54,000	e	Chiyoda Corp		701,340
	212,900		Chubu Electric Power Co, Inc		2,271,044
	71,858		Chugai Pharmaceutical Co Ltd		1,381,928
	53,000		Chugoku Bank Ltd		674,876
	98,400		Chugoku Electric Power Co, Inc		1,254,209
	95,900		Citizen Watch Co Ltd		529,835
	18,700		Coca-Cola West Japan Co Ltd		320,028
	177,000	e	Cosmo Oil Co Ltd		386,001
	50,800		Credit Saison Co Ltd		1,151,917
	179,000	e	Dai Nippon Printing Co Ltd		1,360,501
	91,000		Daicel Chemical Industries Ltd		544,643
	91,000		Daido Steel Co Ltd		513,407
	62,000		Daihatsu Motor Co Ltd		1,036,129
	2,809		Dai-ichi Mutual Life Insurance Co		2,944,515
	219,600		Daiichi Sankyo Co Ltd		3,613,920
	76,900		Daikin Industries Ltd		2,089,107

203

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	49,200	e	Dainippon Sumitomo Pharma Co Ltd	$	543,372
	23,900		Daito Trust Construction Co Ltd		2,296,785
	168,000		Daiwa House Industry Co Ltd		2,386,710
	533,000	e	Daiwa Securities Group, Inc		1,986,512
	35,800	e	Dena Co Ltd		775,658
	164,000		Denki Kagaku Kogyo KK		540,014
	161,200		Denso Corp		5,135,815
	58,000		Dentsu, Inc		1,539,637
	112,700		East Japan Railway Co		7,209,056
	82,000		Eisai Co Ltd		3,628,767
	38,500		Electric Power Development Co		905,606
	19,700		FamilyMart Co Ltd		932,257
	63,400		Fanuc Ltd		9,788,219
	17,400		Fast Retailing Co Ltd		3,573,498
	190,000		Fuji Electric Holdings Co Ltd		418,932
	152,400		Fuji Folms Holdings Corp		2,721,896
	189,000	e	Fuji Heavy Industries Ltd		1,400,961
	613,000		Fujitsu Ltd		2,404,832
	243,000		Fukuoka Financial Group, Inc		886,145
	216,000		Furukawa Electric Co Ltd		447,760
	32,300	e	Gree, Inc		511,267
	126,000	e	GS Yuasa Corp		499,123
	128,000		Gunma Bank Ltd		622,301
	129,000		Hachijuni Bank Ltd		684,467
	8,340		Hakuhodo DY Holdings, Inc		549,210
	23,600		Hamamatsu Photonics KK		824,595
	377,000		Hankyu Hanshin Holdings, Inc		2,019,095
	88,000		Hino Motors Ltd		608,129
	9,300	e	Hirose Electric Co Ltd		887,345
	19,400	e	Hisamitsu Pharmaceutical Co, Inc		976,499
	32,400		Hitachi Chemical Co Ltd		492,142
	36,000	e	Hitachi Construction Machinery Co Ltd		643,518
	20,700		Hitachi High-Technologies Corp		515,220
	1,495,000		Hitachi Ltd		8,813,689
	53,000	e	Hitachi Metals Ltd		580,090
	61,600		Hokkaido Electric Power Co, Inc		565,934
	53,700		Hokuriku Electric Power Co		546,134
	539,900		Honda Motor Co Ltd		17,163,570
	141,400		Hoya Corp		3,136,372
	40,600		Ibiden Co Ltd		658,036
	7,000		Idemitsu Kosan Co Ltd		586,346
	715		Inpex Holdings, Inc		3,972,798
	118,080		Isetan Mitsukoshi Holdings Ltd		1,243,122
	442,000	e	Ishikawajima-Harima Heavy Industries Co Ltd		940,683
	383,000		Isuzu Motors Ltd		1,952,562
	499,000		Itochu Corp		5,165,548
	8,400		Itochu Techno-Science Corp		434,366
	79,000		Iyo Bank Ltd		608,467
	153,400		J Front Retailing Co Ltd		760,065
	10,300		Japan Petroleum Exploration Co		386,128
	230		Japan Prime Realty Investment Corp		597,710
	171		Japan Real Estate Investment Corp		1,613,784

204

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	614		Japan Retail Fund Investment Corp	$	1,026,910
	109,000	e	Japan Steel Works Ltd		592,916
	298,200		Japan Tobacco, Inc		9,367,821
	152,600		JFE Holdings, Inc		2,000,327
	68,000		JGC Corp		2,078,283
	210,000		Joyo Bank Ltd		935,748
	84,900		JS Group Corp		1,774,351
	56,900		JSR Corp		1,001,557
	73,700		JTEKT Corp		646,991
	673		Jupiter Telecommunications Co		671,923
	731,100		JX Holdings, Inc		3,514,276
	267,000		Kajima Corp		763,646
	72,000		Kamigumi Co Ltd		577,399
	85,000	e	Kaneka Corp		437,162
	245,500	e	Kansai Electric Power Co, Inc		1,841,730
	70,000	e	Kansai Paint Co Ltd		730,655
	174,800		Kao Corp		4,724,231
	465,000	e	Kawasaki Heavy Industries Ltd		1,104,142
	250,000	*,e	Kawasaki Kisen Kaisha Ltd		378,603
	886		KDDI Corp		6,100,285
	151,000	e	Keihin Electric Express Railway Co Ltd		1,408,815
	183,000		Keio Corp		1,343,778
	93,000		Keisei Electric Railway Co Ltd		839,369
	15,000	e	Keyence Corp		3,735,910
	52,000	e	Kikkoman Corp		652,551
	37,000		Kinden Corp		248,796
	534,000	e	Kintetsu Corp		2,119,253
	286,000		Kirin Brewery Co Ltd		3,244,097
	828,000	e	Kobe Steel Ltd		774,057
	34,000		Koito Manufacturing Co Ltd		429,433
	308,900		Komatsu Ltd		6,852,711
	34,400	e	Konami Corp		733,202
	158,000		Konica Minolta Holdings, Inc		1,114,089
	360,000		Kubota Corp		3,403,548
	113,700		Kuraray Co Ltd		1,330,817
	35,000		Kurita Water Industries Ltd		787,238
	49,800		Kyocera Corp		3,940,284
	81,000		Kyowa Hakko Kogyo Co Ltd		900,935
	136,600		Kyushu Electric Power Co, Inc		1,066,807
	20,100	e	Lawson, Inc		1,443,710
	8,400	e	Mabuchi Motor Co Ltd		325,755
	36,800		Makita Corp		1,229,675
	547,000		Marubeni Corp		3,648,749
	74,200		Marui Co Ltd		542,323
	14,400		Maruichi Steel Tube Ltd		279,686
	729,200	e	Matsushita Electric Industrial Co Ltd		5,047,049
	856,000	*,e	Mazda Motor Corp		1,026,617
	22,000	e	McDonald’s Holdings Co Japan Ltd		635,910
	47,300		Mediceo Paltac Holdings Co Ltd		680,398
	22,400		MEIJI Holdings Co Ltd		1,022,853
	239,800		Millea Holdings, Inc		5,494,338
	19,100		Miraca Holdings, Inc		811,644

205

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	448,000		Mitsubishi Chemical Holdings Corp	$	1,890,578
	465,700		Mitsubishi Corp		9,215,592
	639,000		Mitsubishi Electric Corp		5,063,645
	414,000		Mitsubishi Estate Co Ltd		7,415,004
	132,000		Mitsubishi Gas Chemical Co, Inc		756,915
	1,001,000		Mitsubishi Heavy Industries Ltd		4,041,781
	40,000		Mitsubishi Logistics Corp		422,399
	376,000		Mitsubishi Materials Corp		1,036,402
	1,228,000	*,e	Mitsubishi Motors Corp		1,170,857
	4,219,280		Mitsubishi UFJ Financial Group, Inc		20,459,442
	18,740		Mitsubishi UFJ Lease & Finance Co Ltd		747,980
	575,800		Mitsui & Co Ltd		8,502,640
	294,000		Mitsui Chemicals, Inc		658,911
	277,000		Mitsui Fudosan Co Ltd		5,337,050
	364,000	e	Mitsui OSK Lines Ltd		1,098,534
	165,400		Mitsui Sumitomo Insurance Group Holdings, Inc		2,674,932
	1,027,000		Mitsui Trust Holdings, Inc		2,933,347
	7,563,507		Mizuho Financial Group, Inc		12,456,741
	66,000		Murata Manufacturing Co Ltd		3,285,722
	35,000	e	Nabtesco Corp		763,782
	60,500		Namco Bandai Holdings, Inc		868,874
	853,000	*,e	NEC Corp		1,136,339
	35,000	*	Nexon Co Ltd		716,169
	91,000		NGK Insulators Ltd		1,044,405
	59,088	e	NGK Spark Plug Co Ltd		684,035
	53,300		NHK Spring Co Ltd		558,368
	35,500	e	Nidec Corp		2,795,145
	111,300	e	Nikon Corp		3,073,501
	34,600		Nintendo Co Ltd		3,848,934
	195		Nippon Building Fund, Inc		1,892,037
	128,000	e	Nippon Electric Glass Co Ltd		673,838
	270,000		Nippon Express Co Ltd		1,099,411
	54,000		Nippon Meat Packers, Inc		705,619
	31,400	e	Nippon Paper Group, Inc		397,132
	1,694,000		Nippon Steel Corp		3,380,216
	143,600		Nippon Telegraph & Telephone Corp		6,665,840
	519,000	e	Nippon Yusen Kabushiki Kaisha		1,148,428
	222,000		Nishi-Nippon City Bank Ltd		485,282
	825,300		Nissan Motor Co Ltd		7,759,642
	58,000		Nisshin Seifun Group, Inc		690,661
	261,000		Nisshin Steel Co Ltd		287,182
	19,500	e	Nissin Food Products Co Ltd		745,023
	11,150		Nitori Co Ltd		1,042,506
	54,600		Nitto Denko Corp		2,345,803
	123,300		NKSJ Holdings, Inc		2,350,278
	32,800		NOK Corp		627,209
	1,200,800		Nomura Holdings, Inc		4,204,714
	31,700		Nomura Real Estate Holdings, Inc		585,415
	86		Nomura Real Estate Office Fund, Inc		494,568
	32,100		Nomura Research Institute Ltd		663,089
	150,000		NSK Ltd		906,256
	165,000	e	NTN Corp		442,550

206

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	400		NTT Data Corp	$	1,208,207
	5,023		NTT DoCoMo, Inc		8,396,320
	421	e	NTT Urban Development Corp		339,272
	216,000		Obayashi Corp		980,547
	203,000	e	Odakyu Electric Railway Co Ltd		2,081,871
	273,000	e	OJI Paper Co Ltd		909,167
	73,100	*,e	Olympus Corp		1,368,948
	66,200		Omron Corp		1,318,198
	27,300		Ono Pharmaceutical Co Ltd		1,723,297
	12,100		Oracle Corp Japan		541,637
	16,300	e	Oriental Land Co Ltd		2,027,825
	34,700	e	ORIX Corp		3,280,446
	620,000		Osaka Gas Co Ltd		2,540,313
	5,000	e	Otsuka Corp		439,324
	118,700		Otsuka Holdings KK		3,614,491
	238,300		Rakuten, Inc		2,370,874
	619,400		Resona Holdings, Inc		2,521,775
	207,000	e	Ricoh Co Ltd		1,415,232
	10,800		Rinnai Corp		695,295
	31,900		Rohm Co Ltd		1,144,939
	15,800		Sankyo Co Ltd		783,137
	15,500	e	Sanrio Co Ltd		534,485
	23,500		Santen Pharmaceutical Co Ltd		999,744
	8,130	e	SBI Holdings, Inc		548,955
	69,500		Secom Co Ltd		3,215,377
	65,500		Sega Sammy Holdings, Inc		1,395,736
	45,800	e	Seiko Epson Corp		364,513
	142,000		Sekisui Chemical Co Ltd		1,206,424
	173,000		Sekisui House Ltd		1,653,154
	250,000		Seven & I Holdings Co Ltd		7,912,153
	176,800	e	Seven Bank Ltd		441,113
	330,000	e	Sharp Corp		1,128,901
	56,100	e	Shikoku Electric Power Co, Inc		864,718
	79,000		Shimadzu Corp		644,466
	7,000		Shimamura Co Ltd		812,412
	24,200	e	Shimano, Inc		1,607,035
	183,000		Shimizu Corp		569,967
	136,100		Shin-Etsu Chemical Co Ltd		6,870,162
	481,000		Shinsei Bank Ltd		541,898
	95,100		Shionogi & Co Ltd		1,354,591
	115,600	e	Shiseido Co Ltd		1,654,434
	182,000		Shizuoka Bank Ltd		1,831,650
	73,100		Shoei Co Ltd		382,683
	452,000	e	Showa Denko KK		814,349
	67,800	e	Showa Shell Sekiyu KK		367,865
	17,800		SMC Corp		2,990,249
	292,600		Softbank Corp		11,163,798
	422,400	e	Sojitz Holdings Corp		654,850
	331,700	e	Sony Corp		4,033,437
	55,200		Sony Financial Holdings, Inc		880,423
	19,900	e	Square Enix Co Ltd		307,036
	45,600		Stanley Electric Co Ltd		670,286
	39,700	*,e	Sumco Corp		301,104

207

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	489,009		Sumitomo Chemical Co Ltd	$	1,354,731
	373,200		Sumitomo Corp		5,228,192
	248,900		Sumitomo Electric Industries Ltd		2,926,930
	181,000		Sumitomo Heavy Industries Ltd		725,293
	1,082,000		Sumitomo Metal Industries Ltd		1,586,014
	168,000		Sumitomo Metal Mining Co Ltd		1,794,402
	445,200		Sumitomo Mitsui Financial Group, Inc		14,019,918
	118,000		Sumitomo Realty & Development Co Ltd		2,936,259
	54,800		Sumitomo Rubber Industries, Inc		657,223
	59,000		Suruga Bank Ltd		622,902
	22,200		Suzuken Co Ltd		795,692
	120,300		Suzuki Motor Corp		2,198,049
	23,200		Sysmex Corp		1,010,527
	191,200		T&D Holdings, Inc		1,943,591
	380,000		Taiheiyo Cement Corp		835,154
	343,000		Taisei Corp		942,943
	11,800	e	Taisho Pharmaceutical Holdings Co Ltd		941,531
	87,000		Taiyo Nippon Sanso Corp		486,849
	88,000		Takashimaya Co Ltd		641,296
	261,600		Takeda Pharmaceutical Co Ltd		12,015,194
	71,800		Tanabe Seiyaku Co Ltd		1,095,810
	40,600	e	TDK Corp		1,539,903
	303,000		Teijin Ltd		886,210
	50,900		Terumo Corp		2,078,988
	41,900		THK Co Ltd		740,867
	326,000		Tobu Railway Co Ltd		1,761,291
	36,100	e	Toho Co Ltd		646,697
	134,000		Toho Gas Co Ltd		805,704
	149,700	*	Tohoku Electric Power Co, Inc		965,694
	487,800	*,e	Tokyo Electric Power Co, Inc		811,109
	56,200		Tokyo Electron Ltd		2,609,627
	815,000		Tokyo Gas Co Ltd		4,200,898
	371,000		Tokyu Corp		1,778,801
	152,000		Tokyu Land Corp		766,633
	89,000		TonenGeneral Sekiyu KK		728,275
	180,000	e	Toppan Printing Co Ltd		1,115,143
	486,000		Toray Industries, Inc		3,042,540
	1,328,000		Toshiba Corp		4,398,227
	172,000		Tosoh Corp		422,532
	87,000		Toto Ltd		644,746
	50,900		Toyo Seikan Kaisha Ltd		597,732
	28,000		Toyo Suisan Kaisha Ltd		672,345
	20,400	e	Toyoda Gosei Co Ltd		417,058
	22,300	e	Toyota Boshoku Corp		249,658
	52,500		Toyota Industries Corp		1,396,781
	913,100		Toyota Motor Corp		34,914,035
	67,900		Toyota Tsusho Corp		1,255,468
	33,500	e	Trend Micro, Inc		993,272
	19,000	e	Tsumura & Co		534,394
	332,000		UBE Industries Ltd		723,914
	37,000	e	Uni-Charm Corp		2,038,440
	35,900		Ushio, Inc		452,415
	7,410		USS Co Ltd		797,437

208

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	55,800		West Japan Railway Co	$	2,406,657
	4,596	e	Yahoo! Japan Corp		1,670,792
	30,700	e	Yakult Honsha Co Ltd		1,186,915
	27,910	e	Yamada Denki Co Ltd		1,446,473
	70,000		Yamaguchi Financial Group, Inc		589,845
	49,200		Yamaha Corp		473,061
	90,200	e	Yamaha Motor Co Ltd		761,848
	15,100	e	Yamato Kogyo Co Ltd		425,718
	121,800	e	Yamato Transport Co Ltd		1,994,062
	40,000		Yamazaki Baking Co Ltd		557,588
	77,000	e	Yaskawa Electric Corp		551,808
	73,700		Yokogawa Electric Corp		755,072
			TOTAL JAPAN		666,894,861
JERSEY, C.I. - 0.1%
	28,739		Randgold Resources Ltd		2,583,218
			TOTAL JERSEY, C.I.		2,583,218
LUXEMBOURG - 0.4%
	310,263		ArcelorMittal		4,939,336
	20,957		Millicom International Cellular S.A.		1,894,523
	93,071		SES Global S.A.		2,237,419
	156,553	e	Tenaris S.A.		3,035,924
			TOTAL LUXEMBOURG		12,107,202
MACAU - 0.1%
	804,000	e	Sands China Ltd		2,358,391
	525,200	e	Wynn Macau Ltd		1,112,935
			TOTAL MACAU		3,471,326
MEXICO - 0.0%
	57,891		Fresnillo plc		1,314,265
			TOTAL MEXICO		1,314,265
NETHERLANDS - 4.9%
	563,847		Aegon NV		2,559,511
	76,229		Akzo Nobel NV		4,114,398
	136,469		ASML Holding NV		7,882,053
	22,100		Boskalis Westminster		720,097
	20,327		Corio NV		897,893
	191,156	*	DE Master Blenders 1753 NV		2,215,333
	32,968		Delta Lloyd NV		429,906
	50,303		DSM NV		2,476,033
	135,785		European Aeronautic Defence and Space Co		4,872,483
	22,256		Fugro NV		1,456,393
	25,274		Gemalto NV		1,931,297
	35,868		Heineken Holding NV		1,648,478
	75,015		Heineken NV		4,064,305
	1,262,757	*	ING Groep NV		8,306,897
	339,338		Koninklijke Ahold NV		4,130,510
	327,472		Koninklijke Philips Electronics NV		7,201,830

209

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	22,563		Koninklijke Vopak NV	$	1,429,808
	74,597	*	Qiagen N.V.		1,328,609
	38,722		Randstad Holdings NV		1,172,974
	220,368		Reed Elsevier NV		2,582,972
	1,215,030		Royal Dutch Shell plc (A Shares)		41,290,305
	881,505		Royal Dutch Shell plc (B Shares)		31,009,342
	322,614	e	Royal KPN NV		2,648,020
	54,878		SBM Offshore NV		668,825
	107,821		TNT Express NV		1,168,606
	535,561	e	Unilever NV		18,593,501
	96,343		Wolters Kluwer NV		1,600,364
			TOTAL NETHERLANDS		158,400,743
NEW ZEALAND - 0.1%
	300,713		Auckland International Airport Ltd		605,024
	116,589	*	Contact Energy Ltd		471,731
	216,995	e	Fletcher Building Ltd		1,069,769
	190,338		Sky City Entertainment Group Ltd		547,451
	645,754		Telecom Corp of New Zealand Ltd		1,384,712
			TOTAL NEW ZEALAND		4,078,687
NORWAY - 0.9%
	56,406		Aker Kvaerner ASA		826,429
	322,279		DNB NOR Holding ASA		3,383,561
	66,985	e	Gjensidige Forsikring BA		819,702
	296,211	e	Norsk Hydro ASA		1,203,038
	252,033	e	Orkla ASA		1,798,957
	117,042	e	SeaDrill Ltd		4,561,302
	369,755		Statoil ASA		8,787,807
	234,786		Telenor ASA		3,970,089
	61,308		Yara International ASA		2,894,987
			TOTAL NORWAY		28,245,872
PORTUGAL - 0.1%
	631,607	*,e	Banco Espirito Santo S.A.		388,317
	71,502	*	Cimpor Cimentos de Portugal S.A.		320,048
	609,555		Energias de Portugal S.A.		1,389,514
	73,240		Galp Energia SGPS S.A.		990,642
	73,002	e	Jeronimo Martins SGPS S.A.		1,144,248
	214,636	e	Portugal Telecom SGPS S.A.		910,405
			TOTAL PORTUGAL		5,143,174
SINGAPORE - 1.9%
	609,960		Ascendas Real Estate Investment Trust		1,110,208
	848,000		CapitaLand Ltd		2,032,236
	780,330		CapitaMall Trust		1,226,421
	458,000	e	CapitaMalls Asia Ltd		597,205
	159,400	e	City Developments Ltd		1,492,726
	606,000		ComfortDelgro Corp Ltd		816,744
	602,500		DBS Group Holdings Ltd		7,107,941
	306,000		Fraser and Neave Ltd		2,008,080
	2,033,400	e	Genting International plc		2,122,310

210

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	664,000	*	Global Logistic Properties	$	1,194,126
	2,161,647		Golden Agri-Resources Ltd		1,280,123
	36,009		Jardine Cycle & Carriage Ltd		1,347,288
	472,400		Keppel Corp Ltd		4,227,968
	255,000	e	Keppel Land Ltd		700,418
	276,250	e	Neptune Orient Lines Ltd		253,810
	545,700	e	Olam International Ltd		804,381
	855,520		Oversea-Chinese Banking Corp		6,543,257
	324,460		SembCorp Industries Ltd		1,374,364
	277,600	e	SembCorp Marine Ltd		1,080,155
	174,933	e	Singapore Airlines Ltd		1,485,104
	275,000	e	Singapore Exchange Ltd		1,471,927
	522,000	e	Singapore Press Holdings Ltd		1,721,386
	484,000		Singapore Technologies Engineering Ltd		1,280,721
	2,619,403		Singapore Telecommunications Ltd		7,516,588
	213,000	e	StarHub Ltd		655,207
	422,000		United Overseas Bank Ltd		6,760,200
	157,000		United Overseas Land Ltd		651,584
	620,000	e	Wilmar International Ltd		1,605,634
			TOTAL SINGAPORE		60,468,112
SPAIN - 2.4%
	122,143		Abertis Infraestructuras S.A. (Continuous)		1,507,611
	8,201		Acciona S.A.		356,779
	31,134	e	Acerinox S.A.		309,804
	47,758	e	ACS Actividades Cons y Servicios S.A.		752,917
	103,125	e	Amadeus IT Holding S.A.		2,226,743
	1,564,528	e	Banco Bilbao Vizcaya Argentaria S.A.		10,199,427
	684,243	e	Banco de Sabadell S.A.		1,302,976
	371,510	e	Banco Popular Espanol S.A.		697,109
	3,192,396		Banco Santander Central Hispano S.A.		19,329,516
	280,665	*,e	Bankia SAU		274,685
	127,839		Cintra Concesiones de Infraestructuras de Transporte S.A.		1,388,655
	247,469	e	Corp Mapfre S.A.		449,975
	251,936	e	Criteria Caixacorp S.A.		822,973
	195,208		Distribuidora Internacional de Alimentacion S.A.		963,967
	56,500		Enagas		978,543
	114,686		Gas Natural SDG S.A.		1,412,117
	48,294	e	Grifols S.A.		1,501,068
	1,343,238	e	Iberdrola S.A.		4,865,230
	72,106		Inditex S.A.		7,421,132
	35,409		Red Electrica de Espana		1,402,043
	272,792		Repsol YPF S.A.		4,347,527
	1,353,762		Telefonica S.A.		15,356,027
	51,122	e	Zardoya Otis S.A.		568,915
			TOTAL SPAIN		78,435,739
SWEDEN - 3.2%
	109,920		Alfa Laval AB		1,900,736
	107,894		Assa Abloy AB (Class B)		3,261,970
	222,216		Atlas Copco AB (A Shares)		4,975,922
	129,305		Atlas Copco AB (B Shares)		2,582,385

211

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	88,316		Boliden AB	$	1,338,992
	77,211	e	Electrolux AB (Series B)		1,746,446
	29,735	e	Elekta AB (B Shares)		1,380,344
	993,936		Ericsson (LM) (B Shares)		9,229,514
	64,572	e	Getinge AB (B Shares)		1,846,240
	314,183		Hennes & Mauritz AB (B Shares)		11,598,442
	81,483	e	Hexagon AB (B Shares)		1,551,501
	16,757		Holmen AB (B Shares)		449,098
	131,648		Husqvarna AB (B Shares)		671,322
	38,287		Industrivarden AB		513,685
	152,418		Investor AB (B Shares)		3,172,813
	66,200		Kinnevik Investment AB (Series B)		1,362,528
	74,381	*	Lundin Petroleum AB		1,573,547
	16,059		Modern Times Group AB (B Shares)		734,677
	872,232		Nordea Bank AB		8,122,128
	60,313	e	Ratos AB (B Shares)		623,883
	327,071		Sandvik AB		4,535,077
	102,253		Scania AB (B Shares)		1,757,985
	106,849		Securitas AB (B Shares)		867,162
	460,416		Skandinaviska Enskilda Banken AB (Class A)		3,374,943
	122,752	e	Skanska AB (B Shares)		1,850,475
	129,274		SKF AB (B Shares)		2,666,201
	50,847	e	Ssab Svenskt Stal AB (Series A)		416,478
	188,957		Svenska Cellulosa AB (B Shares)		3,208,809
	162,327		Svenska Handelsbanken (A Shares)		5,628,549
	271,750		Swedbank AB (A Shares)		4,723,306
	69,921		Swedish Match AB		2,942,473
	104,536		Tele2 AB (B Shares)		1,727,722
	703,113		TeliaSonera AB		4,646,924
	460,657		Volvo AB (B Shares)		5,668,142
			TOTAL SWEDEN		102,650,419
SWITZERLAND - 8.6%
	727,093		ABB Ltd		12,641,555
	36,874		Actelion Ltd		1,681,602
	42,579		Adecco S.A.		1,866,510
	28,534		Aryzta AG.		1,416,371
	15,428		Baloise Holding AG.		1,018,004
	1,033		Banque Cantonale Vaudoise		526,741
	576		Barry Callebaut AG.		519,894
	172,752		Compagnie Financiere Richemont S.A.		9,774,477
	385,091		Credit Suisse Group		6,556,223
	12,334		Geberit AG.		2,418,054
	2,705		Givaudan S.A.		2,628,882
	453,930	e	Glencore International AG.		2,270,184
	74,514		Holcim Ltd		4,385,020
	68,188		Julius Baer Group Ltd		2,435,658
	59,147		Julius Baer Holding AG.		652,007
	17,817		Kuehne & Nagel International AG.		2,024,628
	285		Lindt & Spruengli AG.		881,925
	36		Lindt & Spruengli AG. (Reg)		1,288,482
	16,874		Lonza Group AG.		761,085

212

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,092,333		Nestle S.A.	$	67,108,787
	761,765		Novartis AG.		44,730,102
	8,731		Pargesa Holding S.A.		525,761
	4,220		Partners Group		769,827
	16,336		Phonak Holding AG.		1,542,131
	232,573		Roche Holding AG.		41,182,997
	15,421		Schindler Holding AG.		1,800,584
	6,741		Schindler Holding AG. (Reg)		789,686
	1,788		SGS S.A.		3,571,871
	679		Sika AG.		1,266,503
	202,892		STMicroelectronics NV		1,088,510
	2,831	e	Straumann Holding AG.		379,937
	7,615		Sulzer AG.		982,140
	10,048		Swatch Group AG.		3,983,403
	13,959		Swatch Group AG. (Reg)		972,534
	9,884		Swiss Life Holding		942,938
	15,737		Swiss Prime Site AG.		1,317,357
	116,891		Swiss Re Ltd		7,317,208
	7,618		Swisscom AG.		3,047,577
	31,356		Syngenta AG.		10,691,834
	116,083		Transocean Ltd		5,486,947
	1,205,252		UBS AG. (Switzerland)		12,679,274
	48,917		Zurich Financial Services AG.		10,856,751
			TOTAL SWITZERLAND		278,781,961
UNITED KINGDOM - 20.3%
	309,830		3i Group plc		1,010,980
	279,288		Aberdeen Asset Management plc		1,128,902
	93,352	e	Acergy S.A.		1,951,137
	65,673		Admiral Group plc		1,122,543
	87,788		Aggreko plc		2,802,092
	106,721		AMEC plc		1,862,332
	439,320		Anglo American plc (London)		13,019,063
	129,977		Antofagasta plc		2,171,801
	447,910		ARM Holdings plc		3,874,668
	116,002		Associated British Foods plc		2,278,268
	422,872		AstraZeneca plc		19,748,993
	963,588		Aviva plc		4,412,456
	115,356		Babcock International Group		1,548,868
	1,069,298		BAE Systems plc		5,160,730
	217,010		Balfour Beatty plc		983,228
	3,836,616		Barclays plc		9,992,095
	1,123,475		BG Group plc		22,115,921
	699,385		BHP Billiton plc		20,393,291
	6,282,345		BP plc		41,714,325
	651,893		British American Tobacco plc		34,624,980
	280,884		British Land Co plc		2,347,262
	365,894		British Sky Broadcasting plc		4,081,422
	2,560,418		BT Group plc		8,711,096
	105,979		Bunzl plc		1,846,669
	143,631		Burberry Group plc		2,812,865
	214,754		Capita Group plc		2,387,381
	58,421		Carnival plc		1,959,575

213

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,714,437		Centrica plc	$	8,509,649
	354,380		Cobham plc		1,288,377
	630,718		Compass Group plc		6,765,576
	43,501		Croda International plc		1,599,932
	828,528		Diageo plc		22,146,346
	80,611		Eurasian Natural Resources Corp		493,980
	108,778		Evraz plc		403,464
	332,497		Experian Group Ltd		4,930,304
	498,709		GKN plc		1,639,715
	1,671,660		GlaxoSmithKline plc		38,464,469
	465,031		Group 4 Securicor plc		1,806,462
	226,170		Hammerson plc		1,636,397
	5,961,305		HSBC Holdings plc		49,801,407
	175,857		ICAP plc		875,466
	103,086		IMI plc		1,324,187
	331,177		Imperial Tobacco Group plc		12,851,238
	142,084		Inmarsat plc		1,092,557
	94,477		Intercontinental Hotels Group plc		2,334,126
	314,279	*	International Consolidated Airlines		784,997
	51,732		Intertek Group plc		2,211,342
	258,384		Invensys plc		972,595
	172,109		Investec plc		1,014,091
	1,190,404		ITV plc		1,404,681
	402,091		J Sainsbury plc		2,033,555
	71,036		Johnson Matthey plc		2,421,646
	68,029		Kazakhmys plc		747,452
	772,238		Kingfisher plc		3,220,774
	253,993		Land Securities Group plc		3,137,395
	1,916,540		Legal & General Group plc		3,814,943
	178,177		Liberty International plc		896,515
	13,667,262	*	Lloyds TSB Group plc		6,482,358
	57,219		London Stock Exchange Group plc		867,213
	50,025	e	Lonmin plc		544,961
	609,221		Man Group plc		758,899
	524,814		Marks & Spencer Group plc		2,738,224
	247,794		Meggitt plc		1,485,197
	350,000	e	Melrose plc		1,207,435
	1,181,924		National Grid plc		12,259,860
	55,240		Next plc		2,781,425
	1,593,229		Old Mutual plc		3,921,880
	270,515		Pearson plc		5,064,504
	83,438		Petrofac Ltd		1,940,902
	844,667		Prudential plc		10,051,396
	218,859		Reckitt Benckiser Group plc		12,010,497
	402,600		Reed Elsevier plc		3,388,905
	443,321		Resolution Ltd		1,427,463
	288,283		Rexam plc		1,959,358
	445,842		Rio Tinto plc		20,531,863
	619,206		Rolls-Royce Group plc		8,230,925
	1,143,254		Royal & Sun Alliance Insurance Group plc		1,945,634
	679,499		Royal Bank of Scotland Group plc		2,277,578
	316,240		SABMiller plc		13,635,459

214

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	417,369		Sage Group plc	$	1,876,861
	35,950		Schroders plc		721,719
	310,913		Scottish & Southern Energy plc		6,386,034
	232,799		Segro plc		860,491
	158,999		Serco Group plc		1,432,941
	78,511		Severn Trent plc		2,120,640
	293,836		Smith & Nephew plc		3,007,426
	128,351		Smiths Group plc		2,141,077
	788,292		Standard Chartered plc		18,045,696
	769,011		Standard Life plc		2,907,564
	153,923		Tate & Lyle plc		1,589,991
	2,659,755		Tesco plc		13,242,913
	143,851	e	TUI Travel plc		410,812
	298,646		Tullow Oil plc		6,011,082
	424,572		Unilever plc		15,223,643
	219,393		United Utilities Group plc		2,346,211
	9,066	*	Veripos, Inc		17,447
	16,470,174		Vodafone Group plc		47,136,569
	67,704	e	Weir Group plc		1,748,493
	57,659		Whitbread plc		1,926,229
	779,746		WM Morrison Supermarkets plc		3,385,444
	92,938		Wolseley plc		3,342,656
	687,206		Xstrata plc		9,081,291
			TOTAL UNITED KINGDOM		657,161,747
UNITED STATES - 0.4%
	291,019	d	iShares MSCI EAFE Index Fund		14,550,950
			TOTAL UNITED STATES		14,550,950
			TOTAL COMMON STOCKS		3,205,705,216
			(Cost $3,440,375,148)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	989,098	*,m	GPT Group		0
			TOTAL AUSTRALIA		0
			TOTAL RIGHTS / WARRANTS		0
			(Cost $0)

215

TIAA-CREF FUNDS - International Equity Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 7.2%
TREASURY DEBT - 0.5%
	$  7,000,000	United States Treasury Bill	0.055-0.056	%	08/02/12	$	6,999,989
	10,065,000	United States Treasury Bill	0.075		09/13/12		10,064,098
	1,500,000	United States Treasury Bill	0.077		08/23/12		1,499,930
		TOTAL TREASURY DEBT					18,564,017

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.7%
	215,864,037	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		215,864,037
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		215,864,037
			TOTAL SHORT-TERM INVESTMENTS		234,428,054
			(Cost $234,428,054)
			TOTAL INVESTMENTS - 106.3%		3,440,133,270
			(Cost $3,674,803,202)
			OTHER ASSETS & LIABILITIES, NET - (6.3)%		(204,566,693	)
			NET ASSETS - 100.0%	$	3,235,566,577
			Abbreviation(s):
			ADR       American Depositary Receipt
			REIT       Real Estate Investment Trust
		*	Non-income producing.
		a	Affiliated holding.
		c	Investments made with cash collateral received from securities on loan.
		d	All or a portion of these securities have been segregated to cover margin requirements on future contracts.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $204,795,918.
		m	Indicates a security that has been deemed illiquid.

216

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2012

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	736,986,244			22.8	%
INDUSTRIALS		398,086,771			12.3
CONSUMER STAPLES		392,356,329			12.1
CONSUMER DISCRETIONARY		331,650,363			10.3
HEALTH CARE		333,568,369			10.2
MATERIALS		303,931,609			9.4
ENERGY		267,284,979			8.3
TELECOMMUNICATION SERVICES		176,988,076			5.5
INFORMATION TECHNOLOGY		139,635,761			4.3
UTILITIES		125,216,715			3.9
SHORT - TERM INVESTMENTS		234,428,054			7.2
OTHER ASSETS & LIABILITIES, NET		(204,566,693	)		(6.3	)
NET ASSETS	$	3,235,566,577			100.0	%

217

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 103.4%
BRAZIL - 12.8%
	7,858		AES Tiete S.A.	$	112,547
	26,200		All America Latina Logistica S.A.		120,951
	7,005		Amil Participacoes S.A.		66,796
	7,185		Anhanguera Educacional Participacoes S.A.		102,207
	132,804		Banco Bradesco S.A. (Preference)		2,047,924
	39,186		Banco do Brasil S.A.		416,872
	11,168		Banco do Estado do Rio Grande do Sul		88,561
	156,200		Banco Itau Holding Financeira S.A.		2,475,022
	49,939		Banco Santander Brasil S.A.		377,979
	121,474		BM&F Bovespa S.A.		681,706
	27,200		BR Malls Participacoes S.A.		317,501
	12,600		BR Properties S.A.		146,955
	14,865		Bradespar S.A.		222,917
	10,215	*	Braskem S.A.		61,763
	18,576		Centrais Eletricas Brasileiras S.A.		128,270
	16,792		Centrais Eletricas Brasileiras S.A. (Preference)		164,298
	13,970		CETIP S.A.-Balcao Organizado de Ativos e Derivativos		177,045
	7,157		Cia Brasileira de Distribuicao Grupo Pao de Acucar		291,630
	59,956		Cia de Concessoes Rodoviarias		500,316
	8,300		Cia de Saneamento Basico do Estado de Sao Paulo		354,326
	3,800		Cia de Saneamento de Minas Gerais-COPASA		93,906
	2,700		Cia de Transmissao de Energia Electrica Paulista		75,827
	34,561		Cia Energetica de Minas Gerais		660,794
	11,020		Cia Energetica de Sao Paulo (Class B)		200,481
	8,685		Cia Hering		171,479
	7,595		Cia Paranaense de Energia		155,962
	48,630		Cia Siderurgica Nacional S.A.		249,890
	20,580		Companhia Brasileira de Meios de Pagamento		599,965
	7,836		Cosan SA Industria e Comercio		119,307
	17,700		CPFL Energia S.A.		204,191
	18,705		Cyrela Brazil Realty S.A.		135,094
	14,878		Diagnosticos da America S.A.		83,495
	10,528		EcoRodovias Infraestrutura e Logistica S.A.		85,233
	19,200		EDP - Energias do Brasil S.A.		126,957
	7,800		Eletropaulo Metropolitana de Sao Paulo S.A.		73,273
	37,679		Empresa Brasileira de Aeronautica S.A.		241,607
	15,163	*	Fibria Celulose S.A.		114,692
	58,975		Gerdau S.A. (Preference)		535,875
	25,000		HRT Participacoes em Petroleo SA		60,755
	22,182	*	Hypermarcas S.A.		139,639
	176,811		Investimentos Itau S.A. - PR		829,179
	24,364	*	JBS S.A.		63,728
	36,820		Klabin S.A.		162,610
	5,400		Light S.A.		66,090

218

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	8,582		Localiza Rent A Car	$	139,166
	26,437		Lojas Americanas S.A.		187,840
	8,330		Lojas Renner S.A.		249,063
	18,817		Metalurgica Gerdau S.A.		214,138
	11,661	*	MMX Mineracao e Metalicos S.A.		32,550
	3,600	*	MPX Energia S.A.		58,150
	18,556		MRV Engenharia e Participacoes S.A.		100,966
	4,000		Multiplan Empreendimentos Imobiliarios S.A.		101,152
	2,800		Multiplus S.A.		67,568
	11,192		Natura Cosmeticos S.A.		293,618
	7,100		Obrascon Huarte Lain Brasil S.A.		61,326
	18,153		Odontoprev S.A.		88,142
	100,491	*	OGX Petroleo e Gas Participacoes S.A.		277,071
	12,639		Oi S.A.		72,718
	54,965		Oi S.A.(Pref)		273,054
	72,748		PDG Realty S.A.		121,057
	44,956		Perdigao S.A.		643,670
	214,172		Petroleo Brasileiro S.A.		2,095,524
	299,446		Petroleo Brasileiro S.A. (Preference)		2,849,502
	5,081		Porto Seguro S.A.		44,383
	13,400		Raia Drogasil S.A.		153,016
	23,632		Redecard S.A.		381,143
	14,381		Satipel Industrial S.A.		83,863
	26,045		Souza Cruz S.A.		367,314
	6,719		Sul America SA		40,986
	20,521		Telefonica Brasil S.A.		480,980
	57,066		Tim Participacoes S.A.		237,821
	7,100		Totvus S.A.		130,968
	10,600		Tractebel Energia S.A.		189,064
	24,280		Ultrapar Participacoes S.A.		572,284
	30,617		Usinas Siderurgicas de Minas Gerais S.A. (Preference)		110,264
	89,800		Vale S.A.		1,627,987
	138,373		Vale S.A. (Preference)		2,457,923
			TOTAL BRAZIL		28,909,886
CHILE - 2.1%
	157,210		AES Gener S.A.		85,638
	219,549		Aguas Andinas S.A.		144,523
	1,283,238		Banco de Chile		182,883
	2,184		Banco de Credito e Inversiones		139,894
	4,551,794		Banco Santander Chile S.A.		330,388
	5,138		CAP S.A.		185,415
	67,282		Centros Comerciales Sudamericanos S.A.		385,295
	6,956		Cia Cervecerias Unidas S.A.		91,888
	522,191	*	Colbun S.A.		145,078
	6,672,928		CorpBanca S.A.		83,517
	41,177		Empresa Electrica del Norte Grande S.A.		93,025
	222,346		Empresa Nacional de Electricidad S.A.		370,561
	8,532		Empresa Nacional de Telecomunicaciones S.A.		167,773
	75,192		Empresas CMPC S.A.		283,074
	31,422		Empresas COPEC S.A.		456,935
	950,335		Enersis S.A.		316,804

219

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	18,196		Lan Airlines S.A.	$	449,821
	31,679		SACI Falabella		308,659
	6,544		Sociedad Quimica y Minera de Chile S.A. (Class B)		392,545
	28,333		Vina Concha Y Toro S.A.		55,449
			TOTAL CHILE		4,669,165
CHINA - 17.5%
	106,000	e	Agile Property Holdings Ltd		125,177
	1,591,000	e	Agricultural Bank of China		642,859
	168,000	e	Air China Ltd		118,235
	358,000	*,e	Aluminum Corp of China Ltd		146,517
	92,000	e	Angang New Steel Co Ltd		47,025
	96,000	e	Anhui Conch Cement Co Ltd		250,767
	69,000	e	Anta Sports Products Ltd		38,508
	152,000		AviChina Industry & Technology Co		45,584
	5,382,000		Bank of China Ltd		2,047,091
	579,500	e	Bank of Communications Co Ltd		382,202
	93,500	e	BBMG Corp		57,880
	210,000		Beijing Capital International Airport Co Ltd		142,943
	45,000		Beijing Enterprises Holdings Ltd		292,127
	172,000	*,e	Brilliance China Automotive Holdings Ltd		138,331
	37,000	*,e	Byd Co Ltd		62,573
	97,320	*,e	Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		108,071
	116,000		China Agri-Industries Holdings Ltd		57,237
	168,000		China BlueChemical Ltd		109,951
	623,600		China Citic Bank		312,815
	367,000	e	China Coal Energy Co		335,727
	334,000	*	China Communications Construction Co Ltd		291,260
	220,400		China Communications Services Corp Ltd		112,568
	5,085,350		China Construction Bank		3,417,033
	76,000		China Everbright Ltd		101,395
	63,800	*	China Insurance International Holdings Co Ltd		89,540
	537,000		China Life Insurance Co Ltd		1,474,110
	160,000	e	China Longyuan Power Group Corp		102,297
	291,500	e	China Merchants Bank Co Ltd		533,975
	88,279	e	China Merchants Holdings International Co Ltd		273,396
	427,500	e	China Minsheng Banking Corp Ltd		395,378
	422,000		China Mobile Hong Kong Ltd		4,924,330
	220,000	e	China National Building Material Co Ltd		213,266
	146,000		China Oilfield Services Ltd		223,632
	302,000	e	China Overseas Land & Investment Ltd		709,372
	135,000		China Pacific Insurance Group Co Ltd		425,127
	158,000	*,e	China Railway Construction Corp		137,489
	288,000	e	China Railway Group Ltd		125,295
	94,000		China Resources Enterprise		259,359
	74,000	e	China Resources Gas Group Ltd		142,658
	156,000		China Resources Power Holdings Co		327,831
	140,000		China Shanshui Cement Group Ltd		79,065
	279,500		China Shenhua Energy Co Ltd		1,040,129
	336,000	*,e	China Shipping Container Lines Co Ltd		81,618
	104,000	e	China Shipping Development Co Ltd		42,445

220

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	139,000	e	China South Locomotive and Rolling Stock Corp	$	101,634
	170,000	e	China Southern Airlines Co Ltd		83,902
	120,000	e	China State Construction International Holdings Ltd		124,494
	1,078,000		China Telecom Corp Ltd		559,660
	346,000	e	China Unicom Ltd		506,238
	95,000	e	China Yurun Food Group Ltd		56,562
	71,000	*,e	China ZhengTong Auto Services Holdings Ltd		33,708
	164,800	e	China Zhongwang Holdings Ltd		59,800
	178,000		Chongqing Rural Commercial Bank		68,676
	112,000	e	Citic Pacific Ltd		161,466
	61,000	*	CITIC Securities Co Ltd		106,128
	1,306,000		CNOOC Ltd		2,619,908
	206,500	e	COSCO Holdings		84,971
	126,343		COSCO Pacific Ltd		173,468
	342,008	*	Country Garden Holdings Co Ltd		128,480
	78,000	e	Dah Chong Hong Holdings Ltd		66,728
	336,000	e	Datang International Power Generation Co Ltd		118,257
	33,800	e	Dongfang Electric Co Ltd		48,877
	206,000	e	Dongfeng Motor Group Co Ltd		284,377
	87,000	e	Dongyue Group		45,684
	380,000	e	Evergrande Real Estate Group		175,540
	168,500		Fosun International		80,618
	310,000	e	Franshion Properties China Ltd		95,425
	270,000	e	Geely Automobile Holdings Ltd		88,952
	52,000	e	Golden Eagle Retail Group Ltd		93,710
	82,500	e	Great Wall Motor Co Ltd		184,411
	234,000	e	Guangdong Investments Ltd		168,383
	176,000	*,e	Guangzhou Automobile Group Co Ltd		131,251
	532,000		Guangzhou Investment Co Ltd		119,817
	83,200	e	Guangzhou R&F Properties Co Ltd		105,380
	57,000	e	Hengan International Group Co Ltd		539,020
	284,000	e	Huaneng Power International, Inc		205,109
	4,598,000	e	Industrial & Commercial Bank of China		2,621,748
	71,000	e	Intime Department Store Group Co Ltd		66,458
	136,000		Jiangsu Express		125,759
	234,000	e	Jiangsu Rongsheng Heavy Industry Group Co Ltd		32,136
	110,000	e	Jiangxi Copper Co Ltd		240,598
	464,000	e	Lenovo Group Ltd		319,976
	105,500	e	Longfor Properties Co Ltd		154,563
	173,000	e	Lonking Holdings Ltd		31,624
	282,000	e	Metallurgical Corp of China Ltd		58,949
	122,000	e	Nine Dragons Paper Holdings Ltd		56,871
	105,000	e	Parkson Retail Group Ltd		94,051
	216,000		PICC Property & Casualty Co Ltd		239,948
	124,500	e	Ping An Insurance Group Co of China Ltd		969,417
	136,000	e	Poly Hong Kong Investment Ltd		70,662
	80,000	e	Prime Success International Group Ltd		79,539
	81,000	e	Sany Heavy Equipment International		40,475
	124,000	e	Shandong Weigao Group Medical Polymer Co Ltd		137,464
	256,000	e	Shanghai Electric Group Co Ltd		95,610
	51,000		Shanghai Industrial Holdings Ltd		139,003
	47,200		Shanghai Pharmaceuticals Holding Co Ltd		66,757

221

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	106,000	e	Shimao Property Holdings Ltd	$	151,077
	226,612	e	Shui On Land Ltd		92,940
	135,000	e	Sihuan Pharmaceutical Holdings		50,780
	228,335	e	Sino-Ocean Land Holdings Ltd		110,770
	262,000	e	Sinopec Shanghai Petrochemical Co Ltd		69,964
	63,200	e	Sinopharm Group Co		184,955
	210,000	e	Soho China Ltd		155,556
	161,000	e	Sun Art Retail Group Ltd		189,939
	70,500	e	Tencent Holdings Ltd		2,093,104
	154,000	e	Tingyi Cayman Islands Holding Corp		380,453
	26,000	*,e	Tsingtao Brewery Co Ltd		151,949
	107,000		Uni-President China Holdings Ltd		101,668
	435,000	e	Want Want China Holdings Ltd		525,711
	36,000	*,e	Weichai Power Co Ltd		108,538
	45,000	e	Wumart Stores, Inc		87,532
	56,000	*	Xinao Gas Holdings Ltd		213,620
	174,000	*,e	Yanzhou Coal Mining Co Ltd		257,504
	83,000	e	Zhaojin Mining Industry Co Ltd		102,913
	166,000		Zhejiang Expressway Co Ltd		120,256
	44,500	e	Zhongsheng Group Holdings Ltd		47,229
	33,000	e	Zhuzhou CSR Times Electric Co Ltd		78,090
	480,000	e	Zijin Mining Group Co Ltd		152,389
	47,920	e	ZTE Corp		63,567
			TOTAL CHINA		39,536,934
COLOMBIA - 1.3%
	14,306		Almacenes Exito S.A.		245,072
	6,915		Banco Davivienda S.A.		83,577
	12,842		BanColombia S.A.		194,769
	21,717		BanColombia S.A. (Preference)		337,613
	12,258		Cementos Argos S.A.		48,427
	4,822		Corp Financiera Colombiana S.A.		88,793
	393,980		Ecopetrol S.A.		1,132,189
	75,047		Grupo Aval Acciones y Valores		50,671
	20,202		Interconexion Electrica S.A.		128,510
	17,576		Inversiones Argos S.A.		168,885
	3,799		Inversiones Argos S.A. (Preference)		36,462
	39,079		Isagen S.A. ESP		54,189
	19,332		Suramericana de Inversiones S.A.		331,172
			TOTAL COLOMBIA		2,900,329
CZECH REPUBLIC - 0.3%
	11,577	e	CEZ AS		389,856
	1,051		Komercni Banka AS		178,372
	8,178		Telefonica O2 Czech Republic AS		154,586
			TOTAL CZECH REPUBLIC		722,814
EGYPT - 0.4%
	43,363		Commercial International Bank		194,737
	57,435		Egypt Kuwait Holding Co		69,303
	26,969	*	Egyptian Financial Group-Hermes Holding		47,373

222

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	6,823		Orascom Construction Industries	$	292,667
	160,475		Orascom Telecom Holding SAE		85,252
	200,940		Orascom Telecom Media And Technology Holding SAE		19,185
	38,671	*	Talaat Moustafa Group		25,521
	22,497		Telecom Egypt		46,588
			TOTAL EGYPT		780,626
FRANCE - 0.0%
	4,597		National Societe Generale Bank SAE		22,992
			TOTAL FRANCE		22,992
HONG KONG - 1.0%
	333,000	e	Belle International Holdings Ltd		611,942
	228,000	e	Bosideng International Holdings Ltd		59,326
	234,000		China Gas Holdings Ltd		123,424
	93,000	e	China Mengniu Dairy Co Ltd		275,677
	198,000	e	China Resources Cement Holdings Ltd		103,703
	154,000	e	China Resources Land Ltd		310,195
	108,000		Far East Horizon Ltd		74,777
	218,000	e	Fushan International Energy Group Ltd		58,778
	514,000	e	GCL Poly Energy Holdings Ltd		75,590
	711,000	e	GOME Electrical Appliances Holdings Ltd		58,189
	64,000	*,e	Haier Electronics Group Co Ltd		73,626
	168,000	e	Hengdeli Holdings Ltd		46,408
	145,000	e	Huabao International Holdings Ltd		63,977
	44,500		Kingboard Chemical Holdings Ltd		91,508
	136,000	e	Lee & Man Paper Manufacturing Ltd		55,327
	140,000	*	Minmetals Resources Ltd		52,695
	98,500	e	Yingde Gases		84,201
			TOTAL HONG KONG		2,219,343
HUNGARY - 0.3%
	19,685	e	Magyar Telekom		36,380
	4,233	e	MOL Hungarian Oil and Gas plc		304,503
	14,066		OTP Bank		215,342
	760		Richter Gedeon Nyrt		128,630
			TOTAL HUNGARY		684,855
INDIA - 6.6%
	13,444		Adani Enterprises Ltd		43,486
	1,975		Aditya Birla Nuvo Ltd		27,835
	48,258		Ambuja Cements Ltd		155,926
	1,917		Asian Paints Ltd		125,349
	4,091		Associated Cement Co Ltd		97,024
	6,125		Bajaj Holdings and Investment Ltd		175,874
	5,816		Bank of Baroda		68,345
	8,143		Bank of India		43,455
	42,285		Bharat Heavy Electricals		162,913
	23,384		Bharat Petroleum Corp Ltd		152,607
	37,209		Bharti Airtel Ltd		199,734
	29,971	*	Cairn India Ltd		178,765
	8,249		Canara Bank		54,039

223

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	24,602		Cipla Ltd	$	149,387
	47,247		Coal India Ltd		304,081
	25,998		Dabur India Ltd		55,610
	26,893		DLF Ltd		100,434
	7,112		Dr Reddy’s Laboratories Ltd		205,834
	27,151		GAIL India Ltd		172,038
	57,010	*	GMR Infrastructure Ltd		23,697
	2,087		Godrej Consumer Products Ltd		23,429
	4,655		HCL Technologies Ltd		43,256
	104,989		HDFC Bank Ltd		1,104,628
	2,893		Hero Honda Motors Ltd		103,776
	77,623		Hindalco Industries Ltd		166,281
	60,770		Hindustan Lever Ltd		509,672
	76,192		Housing Development Finance Corp		941,864
	29,043		ICICI Bank Ltd		499,791
	43,636	*	Idea Cellular Ltd		62,562
	29,752		Infosys Technologies Ltd		1,184,603
	66,323		Infrastructure Development Finance Co Ltd		159,273
	157,096		ITC Ltd		727,192
	62,818		Jaiprakash Associates Ltd		82,184
	24,279		Jindal Steel & Power Ltd		172,903
	6,209		JSW Steel Ltd		74,238
	19,455		Kotak Mahindra Bank Ltd		186,462
	14,623		Larsen & Toubro Ltd		357,938
	22,604		LIC Housing Finance Ltd		106,090
	12,210		Lupin Ltd		131,495
	21,138		Mahindra & Mahindra Ltd		265,009
	2,441		Maruti Udyog Ltd		49,636
	24,954		Mundra Port and Special Economic Zone Ltd		53,858
	48,757		NTPC Ltd		137,020
	4,172		Piramal Healthcare Ltd		38,719
	16,491		Power Finance Corp Ltd		51,137
	88,850		Power Grid Corp of India Ltd		189,203
	9,710	*	Ranbaxy Laboratories Ltd		86,608
	6,203		Reliance Capital Ltd		36,988
	31,878		Reliance Communication Ventures Ltd		31,971
	7,300		Reliance Energy Ltd		64,527
	97,992		Reliance Industries Ltd		1,303,464
	28,529	*	Reliance Power Ltd		46,526
	20,282		Rural Electrification Corp Ltd		68,340
	36,535	*	Satyam Computer Services Ltd		53,550
	24,956		Sesa Goa Ltd		84,758
	8,207		Shriram Transport Finance Co Ltd		85,043
	4,568		Siemens India Ltd		55,782
	4,716	f	State Bank of India Ltd (GDR) (purchased 11/10/10, cost $413,897)		363,435
	90,053		Sterlite Industries India Ltd		171,927
	21,536		Sun Pharmaceuticals Industries Ltd		252,155
	32,330		Tata Consultancy Services Ltd		719,070
	102,846		Tata Motors Ltd		413,855
	72,538		Tata Power Co Ltd		127,411
	20,096		Tata Steel Ltd		148,836
	14,605		Titan Industries Ltd		58,045

224

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	5,199		Ultra Tech Cement Ltd	$	153,031
	80,876		Unitech Ltd		31,402
	11,997		United Phosphorus Ltd		25,813
	5,385		United Spirits Ltd		78,294
	16,412		UTI Bank Ltd		305,884
	31,906		Wipro Ltd		193,999
	31,767		ZEE Telefilms Ltd		95,822
			TOTAL INDIA		14,975,188
INDONESIA - 2.9%
	1,306,500		Adaro Energy Tbk		200,243
	761,000		Bank Rakyat Indonesia		558,622
	19,000		PT Astra Agro Lestari Tbk		45,888
	1,390,000		PT Astra International Tbk		1,021,929
	825,500		PT Bank Central Asia Tbk		695,673
	200,766		PT Bank Danamon Indonesia Tbk		128,087
	625,771		PT Bank Mandiri Persero Tbk		544,696
	492,693		PT Bank Negara Indonesia		205,943
	1,274,500		PT Bumi Resources Tbk		139,148
	468,000		PT Charoen Pokphand Indonesia Tbk		156,985
	75,500		PT Excelcomindo Pratama		48,887
	31,000		PT Gudang Garam Tbk		183,668
	39,500		PT Indo Tambangraya Megah		147,321
	100,500		PT Indocement Tunggal Prakarsa Tbk		227,242
	288,500		PT Indofood Sukses Makmur Tbk		163,937
	48,000		PT Indosat Tbk		24,476
	170,000		PT International Nickel Indonesia Tbk		43,324
	129,500		PT Jasa Marga Tbk		77,663
	284,000		PT Kalbe Farma Tbk		114,404
	716,000		PT Perusahaan Gas Negara		285,658
	215,000		PT Semen Gresik Persero Tbk		292,837
	88,500		PT Tambang Batubara Bukit Asam Tbk		147,783
	690,500		PT Telekomunikasi Indonesia Tbk (Series B)		665,947
	96,000		PT Unilever Indonesia Tbk		245,144
	112,500		PT United Tractors Tbk		247,822
			TOTAL INDONESIA		6,613,327
KOREA, REPUBLIC OF - 16.0%
	219		Amorepacific Corp		198,347
	12,690		BS Financial Group		132,805
	7,407		Celltrion, Inc		183,315
	3,280		Cheil Industries, Inc		279,534
	583		CJ CheilJedang Corp		142,563
	1,160		CJ Corp		74,821
	1,919		Daelim Industrial Co		147,112
	5,910	*	Daewoo Engineering & Construction Co Ltd		44,216
	2,180		Daewoo International Corp		68,940
	11,612		Daewoo Securities Co Ltd		107,472
	6,350		Daewoo Shipbuilding & Marine Engineering Co Ltd		138,674
	1,039		DC Chemical Co Ltd		182,799
	9,110		DGB Financial Group Co Ltd		103,475
	2,990		Dongbu Insurance Co Ltd		110,345

225

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	2,170		Dongkuk Steel Mill Co Ltd	$	28,164
	585		Doosan Corp		68,061
	3,050		Doosan Heavy Industries and Construction Co Ltd		162,522
	6,880	*	Doosan Infracore Co Ltd		109,167
	1,460		E-Mart Co Ltd		338,405
	891		GLOVIS Co Ltd		170,078
	2,365		GS Engineering & Construction Corp		144,012
	4,392		GS Holdings Corp		220,824
	15,320		Hana Financial Group, Inc		485,194
	6,420		Hankook Tire Co Ltd		235,323
	5,530		Hanwha Chemical Corp		101,169
	2,721		Hanwha Corp		68,985
	996		Honam Petrochemical Corp		207,377
	36,520		Hynix Semiconductor, Inc		693,732
	1,433		Hyosung Corp		67,354
	1,055		Hyundai Department Store Co Ltd		118,335
	3,200		Hyundai Development Co		57,265
	4,573		Hyundai Engineering & Construction Co Ltd		238,905
	2,880		Hyundai Heavy Industries		610,263
	2,348		Hyundai Hysco		90,432
	4,560		Hyundai Marine & Fire Insurance Co Ltd		112,541
	2,530		Hyundai Merchant Marine Co Ltd		55,553
	666		Hyundai Mipo Dockyard		68,981
	4,705		Hyundai Mobis		1,236,049
	10,570		Hyundai Motor Co		2,195,863
	2,699		Hyundai Motor Co Ltd (2nd Preference)		177,279
	1,639		Hyundai Motor Co Ltd (Preference)		95,344
	7,160		Hyundai Securities Co		52,926
	3,901		Hyundai Steel Co		286,787
	1,052		Hyundai Wia Corp		153,469
	10,790		Industrial Bank of Korea		116,225
	6,830		Kangwon Land, Inc		140,317
	25,556		KB Financial Group, Inc		804,815
	258		KCC Corp		64,526
	18,181		Kia Motors Corp		1,246,320
	2,530		Korea Aerospace Industries Ltd		60,048
	17,450	*	Korea Electric Power Corp		389,825
	18,590		Korea Exchange Bank		137,247
	1,370		Korea Gas Corp		53,620
	2,790		Korea Investment Holdings Co Ltd		84,633
	904		Korea Kumho Petrochemical		97,313
	10,940		Korea Life Insurance Co Ltd		62,824
	579		Korea Zinc Co Ltd		195,273
	2,277		Korean Air Lines Co Ltd		96,609
	3,050		KP Chemical Corp		32,333
	2,690		KT Corp		76,781
	7,982		KT&G Corp		588,082
	3,209		LG Chem Ltd		880,568
	512		LG Chem Ltd (Preference)		43,305
	6,501		LG Corp		333,336
	7,180		LG Electronics, Inc		392,518
	667		LG Household & Health Care Ltd		343,853

226

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	525		LG Innotek Co Ltd	$	40,634
	16,610		LG Telecom Ltd		96,386
	16,020		LG.Philips LCD Co Ltd		342,215
	43		Lotte Confectionery Co Ltd		59,792
	683		Lotte Shopping Co Ltd		174,573
	1,178		LS Cable Ltd		91,904
	856		LS Industrial Systems Co Ltd		49,364
	850		Mando Corp		121,960
	1,159		Mirae Asset Securities Co Ltd		30,038
	1,067		NCsoft		209,681
	2,853		NHN Corp		691,420
	268		Orion Corp		211,986
	4,590		POSCO		1,466,025
	1,061		S1 Corp (Korea)		54,015
	2,808		Samsung Card Co		82,644
	8,677		Samsung Corp		489,668
	4,096		Samsung Electro-Mechanics Co Ltd		380,223
	7,593		Samsung Electronics Co Ltd		8,728,314
	1,451		Samsung Electronics Co Ltd (Preference)		1,030,243
	2,065		Samsung Engineering Co Ltd		330,576
	2,492		Samsung Fire & Marine Insurance Co Ltd		466,072
	11,080		Samsung Heavy Industries Co Ltd		378,873
	4,237		Samsung Life Insurance Co Ltd		346,645
	2,332		Samsung SDI Co Ltd		291,364
	3,983		Samsung Securities Co Ltd		168,943
	2,321		Samsung Techwin Co Ltd		148,573
	29,846		Shinhan Financial Group Co Ltd		946,664
	448		Shinsegae Co Ltd		82,309
	1,533		SK C&C Co Ltd		134,823
	1,839		SK Corp		249,721
	4,534		SK Energy Co Ltd		616,171
	7,410		SK Networks Co Ltd		57,879
	268		SK Telecom Co Ltd		34,056
	4,000	e	SK Telecom Co Ltd (ADR)		55,480
	3,651		S-Oil Corp		307,270
	4,980		STX Pan Ocean Co Ltd		17,095
	3,520		Woongjin Coway Co Ltd		109,847
	24,730		Woori Finance Holdings Co Ltd		240,859
	8,521		Woori Investment & Securities Co Ltd		81,052
	500		Yuhan Corp		54,686
			TOTAL KOREA, REPUBLIC OF		36,275,191
MALAYSIA - 3.7%
	78,300		AirAsia BHD		93,382
	62,600		Alliance Financial Group BHD		84,746
	121,900		AMMB Holdings BHD		249,358
	10,200		Asiatic Development BHD		30,716
	95,600		Berjaya Corp BHD		22,240
	50,600		Berjaya Sports Toto BHD		69,064
	6,300		British American Tobacco Malaysia BHD		119,978
	107,300		Bumi Armada BHD		134,061
	332,600		Bumiputra-Commerce Holdings BHD		832,262

227

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	221,400		Digi.Com BHD	$	313,359
	95,600		Gamuda BHD		106,852
	140,100		Genting BHD		422,920
	34,120		Hong Leong Bank BHD		148,848
	3,800		Hong Leong Credit BHD		15,069
	71,000		IJM Corp BHD		117,112
	224,300		IOI Corp BHD		381,735
	32,700		Kuala Lumpur Kepong BHD		247,602
	18,400		Lafarge Malayan Cement BHD		46,897
	250,616		Malayan Banking BHD		700,102
	19,900		Malaysia Airports Holdings BHD		35,344
	25,500		Malaysia Marine and Heavy Engineering Sdn BHD		43,151
	128,800		Maxis BHD		263,460
	51,500		MISC BHD		74,174
	28,000		MMC Corp BHD		21,397
	23,631		Parkson Holdings BHD		36,539
	190,600		Petronas Chemicals Group BHD		400,348
	42,600		Petronas Dagangan BHD		284,814
	41,500		Petronas Gas BHD		244,960
	27,900		PPB Group BHD		135,339
	72,900		Public Bank BHD (Foreign)		334,759
	200,300		Resorts World BHD		214,766
	36,632		RHB Capital BHD		86,026
	154,400	*	Sapurakencana Petroleum BHD		120,876
	199,500		Sime Darby BHD		625,235
	28,600		SP Setia BHD		33,073
	85,700		Telekom Malaysia BHD		154,346
	184,250		Tenaga Nasional BHD		396,855
	180,900		TM International BHD		338,153
	64,200	*	UEM Land Holdings BHD		40,620
	36,600		UMW Holdings BHD		110,379
	316,800		YTL Corp BHD		187,569
	159,300		YTL Power International BHD		91,262
			TOTAL MALAYSIA		8,409,748
MEXICO - 5.2%
	20,195	e	Alfa S.A. de C.V. (Class A)		324,721
	2,718,070		America Movil S.A. de C.V. (Series L)		3,634,041
	729,582	*,e	Cemex S.A. de C.V.		509,119
	29,260		Coca-Cola Femsa S.A. de C.V.		326,011
	63,386	e	Compartamos SAB de C.V.		63,774
	15,300		El Puerto de Liverpool SAB de C.V.		119,722
	23,325		Embotelladoras Arca SAB de C.V.		146,806
	134,737		Fomento Economico Mexicano S.A. de C.V.		1,152,993
	19,428		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		76,377
	103,620	e	Grupo Bimbo S.A. de C.V. (Series A)		258,066
	37,398		Grupo Carso S.A. de C.V. (Series A1)		129,333
	126,887		Grupo Financiero Banorte S.A. de C.V.		679,447
	119,032	e	Grupo Financiero Inbursa S.A.		310,055
	260,056		Grupo Mexico S.A. de C.V. (Series B)		729,021
	47,052		Grupo Modelo S.A. (Series C)		424,294
	183,026		Grupo Televisa S.A.		834,995

228

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	9,377		Industrias Penoles S.A. de C.V.	$	386,411
	110,742		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		231,502
	48,396	e	Mexichem SAB de C.V.		229,379
	42,040	*,e	Minera Frisco SAB de C.V.		167,136
	368,089	e	Wal-Mart de Mexico S.A. de C.V. (Series V)		1,042,667
			TOTAL MEXICO		11,775,870
MOROCCO - 0.1%
	2,718		Attijariwafa Bank		105,089
	6,648	*	Douja Promotion Groupe Addoha S.A.		51,226
	5,745		Maroc Telecom		69,334
			TOTAL MOROCCO		225,649
PERU - 0.5%
	13,322		Cia de Minas Buenaventura S.A. (ADR) (Series B)		485,187
	4,672		Credicorp Ltd (NY)		541,672
	150,002		Volcan Cia Minera S.A.		165,653
			TOTAL PERU		1,192,512
PHILIPPINES - 1.0%
	129,400		Aboitiz Equity Ventures Inc		152,119
	145,900		Aboitiz Power Corp		120,379
	288,100		Alliance Global Group, Inc		80,234
	11,628		Ayala Corp		120,813
	307,700		Ayala Land, Inc		160,419
	110,346		Banco de Oro Universal Bank		169,831
	53,474		Bank of the Philippine Islands		92,761
	51,870		DMCI Holdings, Inc		72,534
	1,710		Globe Telecom, Inc		46,900
	51,140		International Container Term Services, Inc		88,713
	25,860		Jollibee Foods Corp		63,706
	16,130		Manila Electric Co		102,061
	40,151		Metropolitan Bank & Trust		95,912
	2,935		Philippine Long Distance Telephone Co		192,231
	588,000		PNOC Energy Development Corp		85,184
	32,040		San Miguel Corp		85,394
	14,529		SM Investments Corp		259,993
	429,875		SM Prime Holdings		143,755
	59,920		Universal Robina		84,141
			TOTAL PHILIPPINES		2,217,080
POLAND - 1.4%
	3,534		Asseco Poland S.A.		48,002
	889	*	Bank Handlowy w Warszawie S.A.		21,514
	8,529		Bank Millennium S.A.		8,892
	7,822		Bank Pekao S.A.		326,385
	718	*	BRE Bank S.A.		61,048
	11,738	*	Cyfrowy Polsat S.A.		51,375
	6,209		Enea S.A.		28,883
	3,564		Eurocash S.A.		41,664
	10,855	*	Grupa Lotos S.A.		84,732
	2,007		Jastrzebska Spolka Weglowa S.A.		55,872

229

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	9,486		KGHM Polska Miedz S.A.	$	358,346
	218,672		Polish Oil & Gas Co		264,776
	48,628		Polska Grupa Energetyczna S.A.		270,482
	28,168	*	Polski Koncern Naftowy Orlen S.A.		300,970
	42,467		Powszechna Kasa Oszczednosci Bank Polski S.A.		412,191
	4,077		Powszechny Zaklad Ubezpieczen S.A.		430,648
	36,769		Synthos S.A.		58,194
	71,893		Tauron Polska Energia S.A.		98,777
	50,568		Telekomunikacja Polska S.A.		238,396
	5,414		TVN S.A.		12,096
			TOTAL POLAND		3,173,243
RUSSIA - 6.2%
	7,340	f	AFK Sistema (GDR) (purchased 8/31/10, cost $145,434)		151,536
	185,000		Gazprom (ADR)		1,703,850
	197,712		Gazprom OAO (ADR)		1,817,843
	1,909		Gazpromneft OAO (ADR)		44,837
	37,957		LUKOIL (ADR)		2,133,970
	17,490	f	Magnit OAO (GDR) (purchased 8/31/10, cost $386,973)		564,323
	4,234	e	Mechel Steel Group OAO (ADR)		27,436
	32,487		MMC Norilsk Nickel (ADR)		500,134
	34,119	*,e	Mobile TeleSystems (ADR)		646,555
	7,183	f	NovaTek OAO (GDR) (purchased 8/31/10, cost $792,977)		806,600
	2,702	f	Novolipetsk Steel (GDR) (purchased 8/31/10, cost $68,917)		44,771
	131,746	f	Rosneft Oil Co (GDR) (purchsed 8/31/10, cost $897,098)		788,704
	12,710		Rostelecom (ADR)		264,956
	73,514		RusHydro (ADR)		179,383
	162,838		Sberbank of Russian Federation (ADR)		1,801,502
	10,434	f	Severstal (GDR) (purchased 11/18/11, cost $141,361)		116,331
	89,040		Surgutneftegaz (ADR)		742,329
	18,568		Tatneft (GDR)		694,621
	3,793	f	TMK OAO (GDR) (purchased 11/18/11, cost $43,519)		54,101
	18,762	f	Uralkali (GDR) (purchased 8/31/10, cost $695,912)		779,250
	80,449	f	VTB Bank OJSC (GDR) (purchased 8/31/10, cost $386,668)		261,470
			TOTAL RUSSIA		14,124,502
SOUTH AFRICA - 8.2%
	20,259		ABSA Group Ltd		330,105
	54,835		African Bank Investments Ltd		241,512
	5,982		African Rainbow Minerals Ltd		112,547
	4,415	e	Anglo Platinum Ltd		226,268
	26,228		AngloGold Ashanti Ltd		887,678
	18,788		Aspen Pharmacare Holdings Ltd		329,423
	1,654		Assore Ltd		59,258
	23,926		Aveng Ltd		103,940
	13,824		Barloworld Ltd		139,398
	20,802		Bidvest Group Ltd		497,825
	15,749		Discovery Holdings Ltd		102,772
	215,012		FirstRand Ltd		716,727
	13,464		Foschini Ltd		231,597
	49,967		Gold Fields Ltd		641,322
	115,347		Growthpoint Properties Ltd		353,885

230

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	26,617	e	Harmony Gold Mining Co Ltd	$	262,441
	35,609	e	Impala Platinum Holdings Ltd		558,068
	12,078		Imperial Holdings Ltd		275,651
	14,988		Investec Ltd		89,512
	5,449	e	Kumba Iron Ore Ltd		338,167
	7,984	e	Kumba Resources Ltd		162,328
	5,697		Liberty Holdings Ltd		64,402
	71,809		Life Healthcare Group Holdings Pte Ltd		290,974
	7,916		Massmart Holdings Ltd		165,968
	54,469		Metropolitan Holdings Ltd		122,315
	8,508		Mittal Steel South Africa Ltd		45,922
	15,721	e	Mr Price Group Ltd		234,012
	115,857		MTN Group Ltd		2,082,877
	26,626		Naspers Ltd (N Shares)		1,444,394
	13,427		Nedbank Group Ltd		292,687
	61,647		Network Healthcare Holdings Ltd		120,785
	8,736	e	Northam Platinum Ltd		27,018
	11,156		Pick’n Pay Stores Ltd		57,049
	33,537		Pretoria Portland Cement Co Ltd		104,788
	188,365		Redefine Income Fund Ltd		209,407
	30,802		Remgro Ltd		523,810
	8,964		Reunert Ltd		86,534
	45,257		RMB Holdings Ltd		200,039
	37,642		RMI Holdings		82,831
	120,146		Sanlam Ltd		515,686
	32,148	*,e	Sappi Ltd		96,500
	43,506		Sasol Ltd		1,804,770
	29,680		Shoprite Holdings Ltd		582,026
	11,344		Spar Group Ltd		163,946
	82,863		Standard Bank Group Ltd		1,140,008
	71,871	*,e	Steinhoff International Holdings Ltd		213,242
	11,487		Tiger Brands Ltd		368,829
	28,666		Truworths International Ltd		357,642
	23,427		Vodacom Group Pty Ltd		271,333
	51,699		Woolworths Holdings Ltd		335,921
			TOTAL SOUTH AFRICA		18,666,139
TAIWAN - 11.1%
	175,000		Acer, Inc		159,277
	371,013		Advanced Semiconductor Engineering, Inc		285,195
	18,900		Advantech Co Ltd		66,731
	3,000	*	Airtac International Group		15,015
	139,660		Asia Cement Corp		176,156
	48,500		Asustek Computer, Inc		445,931
	499,000		AU Optronics Corp		151,737
	71,840		Capital Securities Corp		24,187
	39,000		Catcher Technology Co Ltd		186,298
	439,680		Cathay Financial Holding Co Ltd		431,416
	306,120		Chang Hwa Commercial Bank		164,666
	112,400		Cheng Shin Rubber Industry Co Ltd		297,253
	28,410		Cheng Uei Precision Industry Co Ltd		51,438
	27,380		Chicony Electronics Co Ltd		52,523

231

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	160,333		China Airlines	$	66,412
	1,051,754	*	China Development Financial Holding Corp		244,206
	112,899		China Life Insurance Co Ltd (Taiwan)		108,632
	23,000		China Motor Corp		19,492
	95,600		China Petrochemical Development Corp		78,052
	853,919		China Steel Corp		757,038
	726,536		Chinatrust Financial Holding Co		431,131
	269,600		Chunghwa Telecom Co Ltd		804,584
	24,000		Clevo Co		31,343
	292,000		Compal Electronics, Inc		272,016
	43,000		CTCI Corp		79,719
	122,000		Delta Electronics, Inc		409,387
	250,400		E.Sun Financial Holding Co Ltd		135,957
	50,000		Epistar Corp		92,536
	15,000		Eternal Chemical Co Ltd		11,313
	109,100		Eva Airways Corp		63,507
	103,299		Evergreen Marine Corp Tawain Ltd		56,370
	22,000		Everlight Electronics Co Ltd		34,224
	54,800		Far Eastern Department Stores Co Ltd		57,325
	199,840		Far Eastern Textile Co Ltd		222,453
	123,000		Far EasTone Telecommunications Co Ltd		308,449
	14,000		Farglory Land Development Co Ltd		22,499
	33,000	*	Feng Hsin Iron & Steel Co		52,290
	408,359		First Financial Holding Co Ltd		246,950
	217,000		Formosa Chemicals & Fibre Corp		570,039
	2,100		Formosa International Hotels Corp		22,375
	114,000		Formosa Petrochemical Corp		328,433
	275,000		Formosa Plastics Corp		755,728
	42,000		Formosa Taffeta Co Ltd		36,485
	48,450		Foxconn Technology Co Ltd		169,846
	384,938		Fubon Financial Holding Co Ltd		400,127
	553,800		Fuhwa Financial Holdings Co Ltd		255,934
	19,000		Giant Manufacturing Co Ltd		103,655
	48,500		High Tech Computer Corp		465,874
	27,000		Highwealth Construction Corp		41,704
	12,240		Hiwin Technologies Corp		111,788
	624,300		Hon Hai Precision Industry Co, Ltd		1,739,336
	17,000		Hotai Motor Co Ltd		112,851
	327,733		Hua Nan Financial Holdings Co Ltd		184,326
	316,000	*	InnoLux Display Corp		99,550
	83,000	*	Inotera Memories, Inc		15,447
	120,060		Inventec Co Ltd		35,742
	19,000		Kinsus Interconnect Technology Corp		52,828
	7,000		Largan Precision Co Ltd		142,088
	27,665		LEE Chang Yung Chem IND Corp		36,993
	149,455		Lite-On Technology Corp		186,758
	222,127		Macronix International		54,589
	67,000	*	MediaTek, Inc		563,434
	552,860		Mega Financial Holding Co Ltd		444,280
	12,649		Motech Industries, Inc		13,666
	25,513		MStar Semiconductor, Inc		161,258
	21,501		Nan Kang Rubber Tire Co Ltd		29,975

232

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	325,000		Nan Ya Plastics Corp	$	629,536
	7,210		Nan Ya Printed Circuit Board Corp		10,871
	35,000		Novatek Microelectronics Corp Ltd		101,208
	113,000		Pegatron Technology Corp		146,481
	9,000		Phison Electronics Corp		73,048
	156,000		Pou Chen Corp		140,477
	49,000		Powertech Technology, Inc		98,097
	41,000		President Chain Store Corp		213,392
	57,000		Prime View International Co Ltd		55,044
	175,000		Quanta Computer, Inc		452,691
	30,000		Radiant Opto-Electronics Corp		116,406
	27,140		Realtek Semiconductor Corp		46,660
	9,000		Richtek Technology Corp		49,441
	35,476		Ruentex Development Co Ltd		59,648
	25,461		Ruentex Industries Ltd		49,516
	363,934	*	Shin Kong Financial Holding Co Ltd		109,901
	203,000		Siliconware Precision Industries Co		223,249
	17,490		Simplo Technology Co Ltd		98,122
	19,750		Sino-American Silicon Products, Inc		24,334
	372,277		SinoPac Financial Holdings Co Ltd		159,254
	18,600		Standard Foods Corp		49,246
	96,000		Synnex Technology International Corp		208,209
	332,790		Taishin Financial Holdings Co Ltd		133,736
	205,363	*	Taiwan Business Bank		59,569
	222,914		Taiwan Cement Corp		257,231
	293,120	*	Taiwan Cooperative Financial Holding		177,214
	46,000		Taiwan Fertilizer Co Ltd		108,031
	47,129		Taiwan Glass Industrial Corp		44,453
	127,200		Taiwan Mobile Co Ltd		418,813
	1,697,000		Taiwan Semiconductor Manufacturing Co Ltd		4,593,427
	140,000	*	Teco Electric and Machinery Co Ltd		88,533
	10,626		TPK Holding Co Ltd		116,667
	6,000		Transcend Information, Inc		16,060
	27,760		Tripod Technology Corp		62,504
	45,540		TSRC Corp		103,210
	56,000		Tung Ho Steel Enterprise Corp		49,970
	28,000		U-Ming Marine Transport Corp		43,667
	89,000		Unimicron Technology Corp		98,882
	280,780		Uni-President Enterprises Corp		468,497
	880,000		United Microelectronics Corp		367,366
	173,000		Walsin Lihwa Corp		51,599
	21,000		Wan Hai Lines Ltd		10,300
	102,795		Wintek Corp		44,525
	148,044		Wistron Corp		158,118
	88,500		WPG Holdings Co Ltd		92,938
	73,700		Yang Ming Marine Transport		29,928
	55,000		Yulon Motor Co Ltd		95,516
	11,000	*	Zhen Ding Technology Holding Ltd		32,813
			TOTAL TAIWAN		25,087,215

233

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
THAILAND - 2.2%
	55,600		Advanced Info Service PCL	$	351,579
	87,300		Bangkok Bank PCL (Foreign)		573,817
	53,300		Bank of Ayudhya PCL		56,090
	11,500		Banpu PCL		145,401
	55,200		BEC World PCL (Foreign)		98,263
	205,000		Charoen Pokphand Foods PCL		215,632
	291,800		CP Seven Eleven PCL		314,103
	28,500		Glow Energy PCL		54,829
	89,778		Indorama Ventures PCL (Foreign)		84,871
	1,037,100		IRPC PCL		118,657
	118,900		Kasikornbank PCL (Foreign)		664,814
	161,200		Krung Thai Bank PCL		83,476
	90,600		PTT Exploration & Production PCL		435,090
	105,541		PTT Global Chemical PCL		197,229
	73,000		PTT PCL		752,055
	7,700		Siam Cement PCL		79,901
	16,800		Siam Cement PCL (Foreign)		185,642
	98,800		Siam Commercial Bank PCL		505,459
	88,500		Thai Oil PCL		164,497
			TOTAL THAILAND		5,081,405
TURKEY - 1.8%
	123,498		Akbank TAS		463,709
	13,475		Anadolu Efes Biracilik Ve Malt Sanayii AS		182,794
	11,442		Arcelik AS		56,593
	27,512	*	Asya Katilim Bankasi AS		29,536
	7,305		BIM Birlesik Magazalar AS		316,806
	3,103		Coca-Cola Icecek AS		48,112
	39,533		Emlak Konut Gayrimenkul Yatiri		52,481
	16,776		Enka Insaat ve Sanayi AS		48,448
	58,455		Eregli Demir ve Celik Fabrikalari TAS		63,942
	4,051		Ford Otomotiv Sanayi AS		38,911
	56,944		Haci Omer Sabanci Holding AS		248,975
	45,255		KOC Holding AS		175,577
	3,597		Koza Altin Isletmeleri AS		71,076
	9,678		TAV Havalimanlari Holding AS		52,849
	11,941		Tupras Turkiye Petrol Rafine		262,284
	21,057	*	Turk Hava Yollari		40,152
	27,448		Turk Sise ve Cam Fabrikalari AS		38,139
	37,010		Turk Telekomunikasyon AS		142,680
	51,707	*	Turkcell Iletisim Hizmet AS		287,868
	162,593		Turkiye Garanti Bankasi AS		632,032
	22,238		Turkiye Halk Bankasi AS		190,201
	116,923		Turkiye Is Bankasi (Series C)		341,427
	52,484		Turkiye Vakiflar Bankasi Tao		109,584
	56,486	*	Yapi ve Kredi Bankasi		116,366
			TOTAL TURKEY		4,010,542
UKRAINE - 0.0%
	3,072	*	Kernel Holding S.A.		64,034
			TOTAL UKRAINE		64,034

234

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
UNITED STATES - 0.8%
	10,596		Southern Copper Corp (NY)	$	342,039
	35,000		Vanguard Emerging Markets ETF		1,400,700
			TOTAL UNITED STATES		1,742,739
			TOTAL COMMON STOCKS		234,081,328
			(Cost $244,129,487)
PREFERRED STOCKS - 0.9%
BRAZIL - 0.9%
	51,907		Ambev Cia De Bebidas Das		1,991,221
			TOTAL BRAZIL		1,991,221
PHILIPPINES - 0.0%
	307,700	m	Ayala Land, Inc (Preferred B)		737
			TOTAL PHILIPPINES		737
			TOTAL PREFERRED STOCKS		1,991,958
			(Cost $1,510,065)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	22	m	Cia de Transmissao de Energia Eletrica Paulista		3
			TOTAL BRAZIL		3
			TOTAL RIGHTS / WARRANTS		3
			(Cost $0)
SHORT-TERM INVESTMENTS - 8.0%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 8.0%
	18,220,036	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		18,220,036
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		18,220,036
			TOTAL SHORT-TERM INVESTMENTS		18,220,036
			(Cost $18,220,036)
			TOTAL INVESTMENTS - 112.3%		254,293,325
			(Cost $263,859,588)
			OTHER ASSETS & LIABILITIES, NET - (12.3)%		(27,799,725	)
			NET ASSETS - 100.0%	$	226,493,600
			Abbreviation(s):
			ADR   American Depositary Receipt
			ETF    Exchange Traded Fund
			GDR   Global Depositary Receipt
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $17,091,448.
		f	Restricted security. At 7/31/2012, the aggregate value of these securities amounted to $3,930,521 or 1.7% 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, 2012

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	60,416,111			26.7	%
INFORMATION TECHNOLOGY		31,767,163			14.1
ENERGY		29,637,004			13.1
MATERIALS		28,117,925			12.4
TELECOMMUNICATION SERVICES		19,954,863			8.8
CONSUMER STAPLES		19,937,072			8.8
CONSUMER DISCRETIONARY		18,523,981			8.2
INDUSTRIALS		15,834,012			7.0
UTILITIES		9,120,354			4.0
HEALTH CARE		2,764,804			1.2
SHORT - TERM INVESTMENTS		18,220,036			8.0
OTHER ASSETS & LIABILITIES, NET		(27,799,725	)		(12.3	)
NET ASSETS	$	226,493,600			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, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUSTRALIA - 9.2%
	139,690		AGL Energy Ltd	$	2,299,272
	367,173		Australia & New Zealand Banking Group Ltd		9,028,525
	47,318		Bendigo Bank Ltd		405,913
	323,544		BHP Billiton Ltd		10,747,317
	71,969		Centro Retail Australia (REIT)		154,739
	127,691		Coca-Cola Amatil Ltd		1,864,885
	480	e	Cochlear Ltd		33,135
	121,134		Commonwealth Bank of Australia		7,292,884
	28,308		Crown Ltd		250,395
	45,906		CSL Ltd		2,052,959
	118,242	e	Echo Entertainment Group Ltd		518,351
	358,752	e	Iluka Resources Ltd		3,542,978
	12,732		Leighton Holdings Ltd		227,478
	246,539		Lend Lease Corp Ltd		2,085,307
	39,689		National Australia Bank Ltd		1,035,570
	123,190		Origin Energy Ltd		1,520,573
	12,482		Ramsay Health Care Ltd		310,567
	523,257		SP AusNet		578,017
	138,549		Stockland Trust Group		485,485
	339,155		Suncorp-Metway Ltd		3,008,157
	497,274		Tattersall’s Ltd		1,513,217
	741,724		Telstra Corp Ltd		3,115,062
	484,668		Westfield Retail Trust		1,548,568
	229,844		Westpac Banking Corp		5,574,891
	42,186		Woolworths Ltd		1,264,002
	85,746		WorleyParsons Ltd		2,338,480
			TOTAL AUSTRALIA		62,796,727
AUSTRIA - 0.6%
	214,456		IMMOFINANZ Immobilien Anlagen AG.		701,199
	42,007		OMV AG.		1,318,018
	12,097	e	Raiffeisen International Bank Holding AG.		398,142
	37,864		Voestalpine AG.		1,028,400
	10,399		Wiener Staedtische Allgemeine Versicherung AG.		404,509
			TOTAL AUSTRIA		3,850,268
BELGIUM - 1.1%
	33,387		Belgacom S.A.		960,608
	23,830		Delhaize Group		852,073
	46,469		InBev NV		3,676,766
	45,809		Umicore		2,026,920
			TOTAL BELGIUM		7,516,367

237

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
CHINA - 0.2%
	1,595,000	e	Yangzijiang Shipbuilding	$	1,265,326
			TOTAL CHINA		1,265,326
DENMARK - 0.9%
	98		AP Moller - Maersk AS (Class A)		644,327
	329		AP Moller - Maersk AS (Class B)		2,276,360
	8,270		Novo Nordisk AS (Class B)		1,275,131
	226,249		TDC AS		1,534,328
	2,629		TrygVesta AS		149,041
			TOTAL DENMARK		5,879,187
FINLAND - 0.9%
	97,457		Metso Oyj		3,541,700
	97,151	e	Neste Oil Oyj		1,024,947
	38,465	e	Orion Oyj (Class B)		766,953
	100,789		UPM-Kymmene Oyj		1,076,614
			TOTAL FINLAND		6,410,214
FRANCE - 8.4%
	445,081		AXA S.A.		5,407,602
	34,947		Casino Guichard Perrachon S.A.		2,930,742
	56,500		Edenred		1,488,829
	51,358		Electricite de France		1,063,935
	447,192		France Telecom S.A.		5,988,389
	11,356		Imerys S.A.		571,630
	35,589		Michelin (C.G.D.E.) (Class B)		2,418,150
	5,664		Remy Cointreau S.A.		668,421
	97,631		Renault S.A.		4,257,927
	7,244		Rexel S.A.		121,059
	126,734		Sanofi-Aventis		10,339,909
	29,550		Schneider Electric S.A.		1,666,106
	51,470		SCOR		1,219,674
	9,686		Societe BIC S.A.		981,842
	20,212		Suez Environnement S.A.		221,889
	31,300		Thales S.A.		978,759
	150,142		Total S.A.		6,917,979
	127,872		Vinci S.A.		5,415,005
	246,277		Vivendi Universal S.A.		4,670,791
	726		Wendel		51,843
			TOTAL FRANCE		57,380,481
GERMANY - 7.7%
	55,935		Allianz AG.		5,549,216
	16,199	e	Axel Springer AG.		723,068
	132,199		BASF AG.		9,651,123
	18,243		Bayer AG.		1,385,601
	75,137		Bayerische Motoren Werke AG.		5,591,940
	52,934		Continental AG.		4,786,126
	55,074		Deutsche Post AG.		988,757
	26,788		Hannover Rueckversicherung AG.		1,600,692
	567,757		Infineon Technologies AG.		4,125,491
	32,497	*,e	Kabel Deutschland Holding AG.		2,033,421

238

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	50,135		Muenchener Rueckver AG.	$	7,103,730
	20,167		Porsche AG.		1,037,717
	49,538		ProSiebenSat.1 Media AG.		1,036,849
	10,742		SAP AG.		681,718
	17,670		Siemens AG.		1,497,337
	39,613	e	Suedzucker AG.		1,364,810
	22,656		Volkswagen AG.		3,601,410
			TOTAL GERMANY		52,759,006
HONG KONG - 2.9%
	28,500	e	ASM Pacific Technology		364,662
	307,000		Cheung Kong Holdings Ltd		4,016,646
	121,500		CLP Holdings Ltd		1,048,369
	24,000		Hang Lung Group Ltd		154,927
	21,357		Henderson Land Development Co Ltd		123,771
	31,500		Hopewell Holdings		91,549
	68,000		Hutchison Whampoa Ltd		609,553
	58,000		Hysan Development Co Ltd		244,223
	504,394		Link Real Estate Investment Trust		2,206,541
	64,000		MGM China Holdings Ltd		88,461
	1,056,000		SJM Holdings Ltd		1,875,110
	496,446		Sun Hung Kai Properties Ltd		6,166,682
	174,000		Swire Pacific Ltd (Class A)		2,082,117
	7,700		Wharf Holdings Ltd		44,341
	162,000		Wheelock & Co Ltd		633,162
	11,500		Wing Hang Bank Ltd		105,244
			TOTAL HONG KONG		19,855,358
IRELAND - 0.2%
	6,618		CRH plc		121,167
	6,112		Kerry Group plc (Class A)		277,872
	12,300	*	Ryanair Holdings plc (ADR)		362,358
	74,671		WPP plc		944,156
			TOTAL IRELAND		1,705,553
ISRAEL - 0.6%
	71,277	*	Bank Leumi Le-Israel		160,700
	202,996		Bezeq Israeli Telecommunication Corp Ltd		204,224
	556		Delek Group Ltd		73,780
	40,011		Israel Chemicals Ltd		473,661
	45,656	*	Mizrahi Tefahot Bank Ltd		342,294
	67,855		Teva Pharmaceutical Industries Ltd		2,767,517
			TOTAL ISRAEL		4,022,176
ITALY - 2.2%
	540,744		Banca Intesa S.p.A. RSP		540,692
	1,866,344		Enel S.p.A.		5,329,833
	187,899		ENI S.p.A.		3,874,524
	231,309		FIAT Industrial S.p.A.		2,266,213
	215,327		Pirelli & C S.p.A.		2,174,483
	213,535		Snam Rete Gas S.p.A.		858,373
			TOTAL ITALY		15,044,118

239

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
JAPAN - 20.4%
	16,700		Aisin Seiki Co Ltd	$	507,637
	981,000	e	All Nippon Airways Co Ltd		2,266,108
	225,000		Amada Co Ltd		1,183,185
	441,000	e	Aozora Bank Ltd		1,010,401
	557,000		Asahi Kasei Corp		2,952,174
	61,000		Bridgestone Corp		1,373,966
	112,800		Brother Industries Ltd		1,042,004
	224		Central Japan Railway Co		1,850,631
	136,100		Chubu Electric Power Co, Inc		1,451,804
	36,000		Chugoku Bank Ltd		458,407
	158,700		Citizen Watch Co Ltd		876,798
	4,800		Coca-Cola West Japan Co Ltd		82,146
	159,000	e	Daihatsu Motor Co Ltd		2,657,168
	6,000	e	FamilyMart Co Ltd		283,936
	12,700		Fanuc Ltd		1,960,732
	77,000		Hankyu Hanshin Holdings, Inc		412,388
	126,200	e	Hitachi Construction Machinery Co Ltd		2,255,890
	1,171,000		Hitachi Ltd		6,903,565
	71,700		Hokkaido Electric Power Co, Inc		658,725
	29,600		Honda Motor Co Ltd		940,992
	220		Inpex Holdings, Inc		1,222,399
	156,700		Isetan Mitsukoshi Holdings Ltd		1,649,706
	547,000		Ishikawajima-Harima Heavy Industries Co Ltd		1,164,149
	213,000		J Front Retailing Co Ltd		1,055,370
	35		Japan Prime Realty Investment Corp		90,956
	25,000		Japan Tobacco, Inc		785,364
	156,000		Joyo Bank Ltd		695,127
	308		Jupiter Telecommunications Co		307,507
	91,900	e	Kansai Electric Power Co, Inc		689,430
	512		KDDI Corp		3,525,221
	57,100		Komatsu Ltd		1,266,720
	28,700	e	Konami Corp		611,712
	346,000		Konica Minolta Holdings, Inc		2,439,715
	125,900		Kuraray Co Ltd		1,473,614
	95,400		Kyushu Electric Power Co, Inc		745,047
	28,100	e	Lawson, Inc		2,018,321
	19,300		Makita Corp		644,911
	508,000		Marubeni Corp		3,388,601
	236,000		Mitsubishi Gas Chemical Co, Inc		1,353,273
	1,584,200		Mitsubishi UFJ Financial Group, Inc		7,681,843
	14,800		Mitsui & Co Ltd		218,546
	69,000		Mitsui Trust Holdings, Inc		197,080
	2,973,300		Mizuho Financial Group, Inc		4,896,886
	4,700		Murata Manufacturing Co Ltd		233,983
	13,000	e	Nabtesco Corp		283,691
	56,000	e	NGK Spark Plug Co Ltd		648,287
	77,500		NHK Spring Co Ltd		811,886
	37,300	e	Nikon Corp		1,030,023
	37,000	e	Nippon Electric Glass Co Ltd		194,781

240

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	391,000		Nippon Express Co Ltd	$	1,592,109
	56,200		Nippon Telegraph & Telephone Corp		2,608,776
	644,200		Nissan Motor Co Ltd		6,056,903
	50,900		Nitto Denko Corp		2,186,838
	24		Nomura Real Estate Office Fund, Inc		138,019
	47,300	e	Nomura Research Institute Ltd		977,075
	241,000		NSK Ltd		1,456,051
	374		NTT DoCoMo, Inc		625,169
	505		NTT Urban Development Corp		406,965
	181,000	e	Odakyu Electric Railway Co Ltd		1,856,249
	6,580	e	ORIX Corp		622,056
	7,200		Otsuka Holdings KK		219,245
	48,100	e	Seiko Epson Corp		382,818
	146,000		Sekisui Chemical Co Ltd		1,240,408
	309,000	e	Sekisui House Ltd		2,952,743
	206,400		Seven & I Holdings Co Ltd		6,532,273
	31,900		Shionogi & Co Ltd		454,379
	32,800		Shoei Co Ltd		171,710
	7,700		Softbank Corp		293,784
	50,100	e	Sumitomo Corp		701,855
	253,700		Sumitomo Mitsui Financial Group, Inc		7,989,338
	118,800		Sumitomo Rubber Industries, Inc		1,424,781
	8,500		Taisho Pharmaceutical Holdings Co Ltd		678,221
	150,900		Takeda Pharmaceutical Co Ltd		6,930,782
	110,800		Tanabe Seiyaku Co Ltd		1,691,027
	33,800		THK Co Ltd		597,645
	306,000	e	Tokyu Land Corp		1,543,354
	83,000		TonenGeneral Sekiyu KK		679,178
	325,000		Toppan Printing Co Ltd		2,013,454
	35,000		Toray Industries, Inc		219,113
	543,000	e	Toshiba Corp		1,798,372
	418,000	e	Tosoh Corp		1,026,850
	109,300	e	Toyota Motor Corp		4,179,285
	94,100		Toyota Tsusho Corp		1,739,905
	22,900	e	Trend Micro, Inc		678,983
	8,620		USS Co Ltd		927,653
	47,900		West Japan Railway Co		2,065,930
			TOTAL JAPAN		140,112,102
MEXICO - 0.1%
	30,881		Fresnillo plc		701,073
			TOTAL MEXICO		701,073
NETHERLANDS - 6.1%
	95,034		ASML Holding NV		5,488,888
	30,133		Boskalis Westminster		981,841
	83,010		DSM NV		4,085,948
	110,435		European Aeronautic Defence and Space Co		3,962,828
	18,806		Heineken Holding NV		864,316
	369,758		Koninklijke Ahold NV		4,500,790
	245,223		Royal Dutch Shell plc (A Shares)		8,333,401
	286,657		Royal Dutch Shell plc (B Shares)		10,083,942
	89,995		Unilever NV		3,124,429
			TOTAL NETHERLANDS		41,426,383

241

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
NEW ZEALAND - 0.1%
	178,502		Telecom Corp of New Zealand Ltd	$	382,768
			TOTAL NEW ZEALAND		382,768
NORWAY - 1.2%
	30,829	e	Gjensidige Forsikring BA		377,258
	69,873	e	SeaDrill Ltd		2,723,055
	111,784		Statoil ASA		2,656,722
	15,256		Telenor ASA		257,970
	51,961		Yara International ASA		2,453,618
			TOTAL NORWAY		8,468,623
PORTUGAL - 0.2%
	600,053		Energias de Portugal S.A.		1,367,853
			TOTAL PORTUGAL		1,367,853
SINGAPORE - 1.9%
	280,000		ComfortDelgro Corp Ltd		377,373
	5,298,000		Golden Agri-Resources Ltd		3,137,464
	11,000		Jardine Cycle & Carriage Ltd		411,568
	428,000		Keppel Corp Ltd		3,830,590
	298,000		SembCorp Industries Ltd		1,262,284
	257,000		Singapore Technologies Engineering Ltd		680,052
	163,000		United Overseas Bank Ltd		2,611,167
	87,000		United Overseas Land Ltd		361,069
			TOTAL SINGAPORE		12,671,567
SPAIN - 2.2%
	1,073,107		Banco Santander Central Hispano S.A.		6,497,517
	216,737	e	Cintra Concesiones de Infraestructuras de Transporte S.A.		2,354,313
	653,668	e	Corp Mapfre S.A.		1,188,571
	38,407		Enagas		665,184
	233,890		Gas Natural SDG S.A.		2,879,864
	34,015		Repsol YPF S.A.		542,102
	56,495		Telefonica S.A.		640,835
			TOTAL SPAIN		14,768,386
SWEDEN - 3.0%
	46,564		Atlas Copco AB (A Shares)		1,042,674
	157,490		Ericsson (LM) (B Shares)		1,462,424
	12,278		Getinge AB (B Shares)		351,052
	36,601		Industrivarden AB		491,065
	95,297		Investor AB (B Shares)		1,983,752
	45,018		Kinnevik Investment AB (Series B)		926,560
	188,591		Svenska Handelsbanken (A Shares)		6,539,231
	30,637		Swedbank AB (A Shares)		532,504
	72,409		Swedish Match AB		3,047,175
	361,212		Volvo AB (B Shares)		4,444,524
			TOTAL SWEDEN		20,820,961

242

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES		COMPANY	VALUE
SWITZERLAND - 8.3%
	39,119	Adecco S.A.	$	1,714,836
	19,729	Aryzta AG.		979,308
	4,165	Geberit AG.		816,539
	255,326	Nestle S.A.		15,686,259
	211,391	Novartis AG.		12,412,674
	4,700	Partners Group		857,390
	78,800	Roche Holding AG.		13,953,556
	107,600	Swiss Re Ltd		6,735,604
	2,684	Swisscom AG.		1,073,733
	5,608	Syngenta AG.		1,912,227
	16,666	Transocean Ltd		787,759
		TOTAL SWITZERLAND		56,929,885
UNITED KINGDOM - 20.0%
	66,401	Admiral Group plc		1,134,987
	66,376	Aggreko plc		2,118,645
	7,112	Anglo American plc (London)		210,761
	202,356	AstraZeneca plc (ADR)		9,472,285
	1,008,808	BAE Systems plc		4,868,788
	191,521	Balfour Beatty plc		867,743
	648,923	Barclays plc		1,690,057
	72,743	BG Group plc		1,431,966
	321,992	BHP Billiton plc		9,388,931
	258,111	BP plc (ADR)		10,298,630
	116,262	British American Tobacco plc		6,175,200
	8,316	British Sky Broadcasting plc		92,762
	1,613,845	BT Group plc		5,490,650
	47,137	Burberry Group plc		923,129
	209,399	Cobham plc		761,287
	1,379	Croda International plc		50,719
	362,919	Diageo plc		9,700,734
	660,108	GKN plc		2,170,382
	208,341	GlaxoSmithKline plc		4,793,873
	867,345	HSBC Holdings plc		7,245,898
	111,152	Imperial Tobacco Group plc		4,313,225
	1,825	Intercontinental Hotels Group plc		45,088
	284,977	ITV plc		336,274
	575,343	J Sainsbury plc		2,909,768
	74,249	Johnson Matthey plc		2,531,178
	67,676	Kingfisher plc		282,256
	1,877,701	Legal & General Group plc		3,737,632
	80,826	London Stock Exchange Group plc		1,225,001
	248,597	Marks & Spencer Group plc		1,297,058
	669,147	National Grid plc		6,940,927
	74,981	Next plc		3,775,418
	31,773	Petrofac Ltd		739,091
	534,958	Prudential plc		6,365,912
	41,679	Reckitt Benckiser Group plc		2,287,251
	278,593	Rexam plc		1,893,498
	68,753	Rio Tinto plc		3,166,205
	46,800	Rolls-Royce Group plc		622,099

243

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES		COMPANY	RATE	MATURITY DATE	VALUE
	200,159	Sage Group plc			$	900,092
	197,180	Standard Chartered plc				4,513,873
	521,039	Standard Life plc				1,970,003
	170,170	Tate & Lyle plc				1,757,819
	125,208	Tesco plc				623,410
	228,143	Vodafone Group plc (ADR)				6,559,111
		TOTAL UNITED KINGDOM				137,679,616
UNITED STATES - 0.6%
	75,000	iShares MSCI EAFE Index Fund				3,750,000
		TOTAL UNITED STATES				3,750,000
		TOTAL COMMON STOCKS				677,563,998
		(Cost $683,526,353)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 4.8%
TREASURY DEBT - 0.6%
	$4,200,000	United States Treasury Bill	0.006%	08/02/12	4,199,993
		TOTAL TREASURY DEBT			4,199,993

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.2%
	28,616,823	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		28,616,823
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		28,616,823
			TOTAL SHORT-TERM INVESTMENTS		32,816,816
			(Cost $32,816,816)
			TOTAL INVESTMENTS - 103.8%		710,380,814
			(Cost $716,343,169)
			OTHER ASSETS & LIABILITIES, NET - (3.8)%		(25,780,580	)
			NET ASSETS - 100.0%	$	684,600,234
			Abbreviation(s):
			ADR       American Depositary Receipt
			REIT       Real Estate Investment Trust
		*	Non-income producing.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $27,127,814.

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, 2012

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	156,664,219			22.9	%
INDUSTRIALS		84,121,504			12.3
CONSUMER STAPLES		81,708,759			11.9
CONSUMER DISCRETIONARY		69,949,031			10.2
HEALTH CARE		69,888,866			10.2
MATERIALS		64,845,830			9.5
ENERGY		56,492,766			8.3
TELECOMMUNICATION SERVICES		37,931,419			5.5
INFORMATION TECHNOLOGY		29,163,081			4.3
UTILITIES		26,798,522			3.9
SHORT - TERM INVESTMENTS		32,816,816			4.8
OTHER ASSETS & LIABILITIES, NET		(25,780,579	)		(3.8	)
NET ASSETS	$	684,600,234			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, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.6%
AUTOMOBILES & COMPONENTS - 0.6%
	12,353	*	BorgWarner, Inc	$	828,886
	54,881	*	Delphi Automotive plc		1,558,072
	11,876		Harley-Davidson, Inc		513,399
	61,611	*	WABCO Holdings, Inc		3,383,676
			TOTAL AUTOMOBILES & COMPONENTS		6,284,033
CAPITAL GOODS - 8.0%
	19,152		Ametek, Inc		593,712
	69,764	*	BE Aerospace, Inc		2,736,842
	176,787		Boeing Co		13,066,326
	8,000		Carlisle Cos, Inc		403,920
	103,177		Caterpillar, Inc		8,688,535
	91,193		Chicago Bridge & Iron Co NV		3,259,238
	65,047		Cummins, Inc		6,238,007
	33,400		Danaher Corp		1,763,854
	3,706		Flowserve Corp		444,646
	114,033		Fluor Corp		5,653,756
	142,692		Honeywell International, Inc		8,283,271
	26,823		Ingersoll-Rand plc		1,137,563
	13,201		Joy Global, Inc		685,660
	18,294		Lennox International, Inc		798,899
	28,500		Lincoln Electric Holdings, Inc		1,136,580
	17,333		Nordson Corp		888,490
	85,463		Parker Hannifin Corp		6,864,388
	6,050		Precision Castparts Corp		941,138
	55,478		Roper Industries, Inc		5,517,287
	9,028		SPX Corp		548,180
	8,400		Timken Co		304,080
	11,988	*	TransDigm Group, Inc		1,478,840
	90,127		United Technologies Corp		6,709,054
	33,577		Westinghouse Air Brake Technologies Corp		2,658,627
			TOTAL CAPITAL GOODS		80,800,893
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	32,293		Rollins, Inc		761,469
	94,084	*	Verisk Analytics, Inc		4,727,721
	8,000		Waste Connections, Inc		246,160
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		5,735,350
CONSUMER DURABLES & APPAREL - 1.5%
	1,621	*	Carter’s, Inc		82,136
	35,325		Coach, Inc		1,742,582
	24,372		Jarden Corp		1,101,614
	40,398	*	Michael Kors Holdings Ltd		1,668,033

246

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

SHARES			COMPANY	VALUE
	5,440		Nike, Inc (Class B)	$	507,824
	2,288	*	NVR, Inc		1,770,867
	53,028		Phillips-Van Heusen Corp		4,212,014
	26,085		Polaris Industries, Inc		1,960,549
	4,128		Ralph Lauren Corp		595,836
	21,112	*	Tempur-Pedic International, Inc		601,481
	4,500		Tupperware Corp		235,890
	9,486	*,e	Under Armour, Inc (Class A)		516,418
			TOTAL CONSUMER DURABLES & APPAREL		14,995,244
CONSUMER SERVICES - 2.8%
	28,700	*	Apollo Group, Inc (Class A)		780,640
	20,013	*	Bally Technologies, Inc		874,768
	37,847		Brinker International, Inc		1,226,621
	3,194	*	Chipotle Mexican Grill, Inc (Class A)		933,702
	10,600	*,e	ITT Educational Services, Inc		411,492
	59,351		McDonald’s Corp		5,303,606
	30,995	*,e	Panera Bread Co (Class A)		4,881,403
	101,273		Starbucks Corp		4,585,641
	12,349		Starwood Hotels & Resorts Worldwide, Inc		668,698
	12,152	e	Weight Watchers International, Inc		614,891
	30,821		Wynn Resorts Ltd		2,889,469
	76,323		Yum! Brands, Inc		4,948,783
			TOTAL CONSUMER SERVICES		28,119,714
DIVERSIFIED FINANCIALS - 1.4%
	39,877	*	Affiliated Managers Group, Inc		4,449,874
	143,479		American Express Co		8,280,173
	8,194	*	IntercontinentalExchange, Inc		1,075,217
	16,483		Moody’s Corp		668,056
			TOTAL DIVERSIFIED FINANCIALS		14,473,320
ENERGY - 3.4%
	41,396	*	Concho Resources, Inc		3,529,009
	11,642	*	Dresser-Rand Group, Inc		541,469
	93,019		National Oilwell Varco, Inc		6,725,274
	104,172		Oceaneering International, Inc		5,384,651
	14,381		Pioneer Natural Resources Co		1,274,588
	174,116		Schlumberger Ltd		12,407,506
	10,252		St. Mary Land & Exploration Co		482,767
	58,289		Sunoco, Inc		2,808,947
	23,700	*	Whiting Petroleum Corp		957,480
	6,500		World Fuel Services Corp		263,185
			TOTAL ENERGY		34,374,876
FOOD & STAPLES RETAILING - 2.6%
	127,213		Costco Wholesale Corp		12,235,346
	13,910	*	Fresh Market, Inc		819,160
	92,354		Wal-Mart Stores, Inc		6,873,908
	59,669		Whole Foods Market, Inc		5,476,421
			TOTAL FOOD & STAPLES RETAILING		25,404,835

247

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

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 8.2%
	21,369		Altria Group, Inc	$	768,643
	89,200		Campbell Soup Co		2,953,412
	170,253		Coca-Cola Co		13,756,443
	51,082		Coca-Cola Enterprises, Inc		1,497,724
	79,966	*	Dean Foods Co		989,179
	48,150		Hershey Co		3,454,281
	23,700		Hormel Foods Corp		661,467
	19,530		Ingredion, Inc		1,013,998
	14,200		Kraft Foods, Inc (Class A)		563,882
	57,768		Lorillard, Inc		7,431,276
	13,156		McCormick & Co, Inc		800,937
	9,012		Mead Johnson Nutrition Co		657,516
	116,707	*	Monster Beverage Corp		7,757,514
	156,395		PepsiCo, Inc		11,374,608
	301,172		Philip Morris International, Inc		27,539,167
			TOTAL FOOD, BEVERAGE & TOBACCO		81,220,047
HEALTH CARE EQUIPMENT & SERVICES - 6.1%
	120,200		AmerisourceBergen Corp		4,771,940
	28,631		Bard (C.R.), Inc		2,784,651
	71,097		Baxter International, Inc		4,159,885
	128,073		Cardinal Health, Inc		5,518,666
	29,908	*	Catamaran Corp		2,527,525
	34,266	*	Cerner Corp		2,532,943
	8,149		Cooper Cos, Inc		613,294
	15,312	*	DaVita, Inc		1,507,007
	4,194	*	Edwards Lifesciences Corp		424,433
	220,756	*	Express Scripts Holding Co		12,790,602
	23,784	*	Henry Schein, Inc		1,779,281
	23,879	*	Idexx Laboratories, Inc		2,105,411
	11,543	*	Intuitive Surgical, Inc		5,557,955
	97,300		McKesson Corp		8,828,028
	78,800	*	Resmed, Inc		2,486,928
	6,800	*	Thoratec Corp		233,308
	19,700	*	Varian Medical Systems, Inc		1,075,226
	24,000		WellPoint, Inc		1,278,960
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		60,976,043
HOUSEHOLD & PERSONAL PRODUCTS - 1.9%
	57,803		Colgate-Palmolive Co		6,205,731
	121,653		Estee Lauder Cos (Class A)		6,372,184
	109,921		Herbalife Ltd		6,033,564
	5,995		Kimberly-Clark Corp		521,025
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		19,132,504
INSURANCE - 0.1%
	9,356		Allied World Assurance Co Holdings Ltd		705,723
			TOTAL INSURANCE		705,723

248

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

SHARES			COMPANY	VALUE
MATERIALS - 3.0%
	10,545		Airgas, Inc	$	836,429
	7,000		Albemarle Corp		407,540
	20,299		CF Industries Holdings, Inc		3,973,732
	35,756	*	Crown Holdings, Inc		1,283,640
	24,780		Du Pont (E.I.) de Nemours & Co		1,231,566
	9,500		Eastman Chemical Co		496,660
	60,595		FMC Corp		3,314,547
	17,150		LyondellBasell Industries AF S.C.A		763,690
	116,239		Monsanto Co		9,952,384
	63,672		PPG Industries, Inc		6,969,537
	20,562	*	WR Grace & Co		1,152,294
			TOTAL MATERIALS		30,382,019
MEDIA - 4.1%
	111,701		CBS Corp (Class B)		3,737,515
	239,073		Comcast Corp (Class A)		7,781,827
	246,228	*	DIRECTV		12,227,683
	148,660		DISH Network Corp (Class A)		4,572,782
	38,870	e	Regal Entertainment Group (Class A)		537,183
	101,177		Scripps Networks Interactive (Class A)		5,448,381
	6,538		Time Warner Cable, Inc		555,272
	112,542		Viacom, Inc (Class B)		5,256,837
	17,424		Walt Disney Co		856,215
			TOTAL MEDIA		40,973,695
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.1%
	107,937		Abbott Laboratories		7,157,302
	227,797		Agilent Technologies, Inc		8,722,348
	80,152	*	Alexion Pharmaceuticals, Inc		8,403,937
	5,292		Allergan, Inc		434,314
	27,644		Amgen, Inc		2,283,394
	63,362	*	Biogen Idec, Inc		9,240,080
	12,641		Bristol-Myers Squibb Co		450,020
	89,397	*	Celgene Corp		6,120,119
	8,300	*	Charles River Laboratories International, Inc		282,449
	210,888	*	Gilead Sciences, Inc		11,457,546
	18,771	*,e	Illumina, Inc		778,433
	15,403		Johnson & Johnson		1,066,196
	197,606		Warner Chilcott plc		3,359,302
	14,543	*	Watson Pharmaceuticals, Inc		1,131,882
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		60,887,322
REAL ESTATE - 2.7%
	162,172		American Tower Corp		11,726,657
	3,817		Public Storage, Inc		568,542
	73,970		Simon Property Group, Inc		11,871,446
	46,871		Tanger Factory Outlet Centers, Inc		1,509,246
	14,423		Taubman Centers, Inc		1,118,071
			TOTAL REAL ESTATE		26,793,962

249

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

SHARES			COMPANY	VALUE
RETAILING - 8.3%
	102,569		Advance Auto Parts, Inc	$	7,195,215
	22,906	*	Amazon.com, Inc		5,343,970
	3,871	*	Autozone, Inc		1,452,515
	96,874	*	Bed Bath & Beyond, Inc		5,904,470
	45,294	*	Dollar Tree, Inc		2,280,100
	15,000		Expedia, Inc		854,850
	1	*	Five Below, Inc		29
	41,741		Foot Locker, Inc		1,378,288
	65,595		Genuine Parts Co		4,200,048
	254,255		Home Depot, Inc		13,267,027
	10,198		Nordstrom, Inc		552,120
	54,560	*	O’Reilly Automotive, Inc		4,677,974
	80,934		Petsmart, Inc		5,350,547
	9,331	*	Priceline.com, Inc		6,174,696
	142,522		Ross Stores, Inc		9,469,162
	18,477		Target Corp		1,120,630
	273,073		TJX Companies, Inc		12,091,672
	8,293		Tractor Supply Co		753,585
			TOTAL RETAILING		82,066,898
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	176,636		Avago Technologies Ltd		6,535,532
	62,592		Broadcom Corp (Class A)		2,120,617
	566,205		Intel Corp		14,551,468
	111,893	*	LSI Logic Corp		772,062
	16,742		Texas Instruments, Inc		456,052
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		24,435,731
SOFTWARE & SERVICES - 17.7%
	211,633		Accenture plc		12,761,470
	41,451	*	Alliance Data Systems Corp		5,388,630
	45,774	*	BMC Software, Inc		1,812,650
	47,855	*	Citrix Systems, Inc		3,478,101
	22,942	*	Cognizant Technology Solutions Corp (Class A)		1,302,417
	26,896	*	eBay, Inc		1,191,493
	3,259	*	Equinix, Inc		580,689
	20,800		Factset Research Systems, Inc		1,933,568
	23,335	*	FleetCor Technologies, Inc		861,528
	48,254	*	Fortinet, Inc		1,158,579
	10,492		Global Payments, Inc		449,267
	47,627	*	Google, Inc (Class A)		30,146,462
	12,300		IAC/InterActiveCorp		647,103
	159,260		International Business Machines Corp		31,211,775
	35,300		Intuit, Inc		2,048,106
	41,500		Lender Processing Services, Inc		1,023,805
	19,036	*	LinkedIn Corp		1,954,045
	14,670		Mastercard, Inc (Class A)		6,404,482
	50,166	*	Micros Systems, Inc		2,394,925
	837,230		Microsoft Corp		24,673,167
	593,514		Oracle Corp		17,924,123
	10,080	*	Red Hat, Inc		540,893
	4,139	*	Salesforce.com, Inc		514,726
	4,151	*	SolarWinds, Inc		221,622

250

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

SHARES			COMPANY	RATE	MATURITY DATE	VALUE
	16,324	*,e,m	Splunk, Inc			$	479,926
	21,440	*	Symantec Corp				337,680
	72,481	*	Teradata Corp				4,901,165
	34,317	*	TIBCO Software, Inc				963,965
	11,457	*	VeriFone Systems, Inc				415,775
	79,825		Visa, Inc (Class A)				10,303,013
	94,245	*	VMware, Inc (Class A)				8,553,676
			TOTAL SOFTWARE & SERVICES				176,578,826
TECHNOLOGY HARDWARE & EQUIPMENT - 11.8%
	35,200		Amphenol Corp (Class A)				2,072,576
	143,414	*	Apple, Inc				87,591,535
	9,100	*	Dolby Laboratories, Inc (Class A)				320,775
	310,050	*	EMC Corp				8,126,411
	28,483	*	F5 Networks, Inc				2,659,743
	234,061		Qualcomm, Inc				13,968,760
	37,276	*	Trimble Navigation Ltd				1,649,836
	4,500	*	Western Digital Corp				178,965
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT				116,568,601
TELECOMMUNICATION SERVICES - 2.7%
	9,633	*	Crown Castle International Corp				596,090
	572,609		Verizon Communications, Inc				25,847,570
			TOTAL TELECOMMUNICATION SERVICES				26,443,660
TRANSPORTATION - 2.5%
	6,569		Copa Holdings S.A. (Class A)				509,295
	17,821		FedEx Corp				1,609,236
	7,513		Kansas City Southern Industries, Inc				546,946
	30,547		Landstar System, Inc				1,509,327
	110,842		Union Pacific Corp				13,590,338
	91,180		United Parcel Service, Inc (Class B)				6,894,120
			TOTAL TRANSPORTATION				24,659,262
			TOTAL COMMON STOCKS				982,012,558
			(Cost $811,999,884)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 1.0%
TREASURY DEBT - 0.7%
	$7,200,000		United States Treasury Bill	0.006%	08/02/12		7,199,989
							7,199,989
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	3,132,587	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust				3,132,587
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES				3,132,587
			TOTAL SHORT-TERM INVESTMENTS				10,332,576
			(Cost $10,332,576)

251

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

SHARES		COMPANY	VALUE
		TOTAL INVESTMENTS - 99.6%	$	992,345,134
		(Cost $822,332,460)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		4,287,589
		NET ASSETS - 100.0%	$	996,632,723
	*	Non-income producing.
	c	Investments made with cash collateral received from securities on loan.
	e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $3,043,330.
	m	Indicates a security that has been deemed illiquid.

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, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.0%
AUTOMOBILES & COMPONENTS - 0.6%
	413,050		Ford Motor Co	$	3,816,582
	21,500		Johnson Controls, Inc		529,975
	39,300		Lear Corp		1,397,115
	13,891	*	TRW Automotive Holdings Corp		545,916
	9,000	*	WABCO Holdings, Inc		494,280
			TOTAL AUTOMOBILES & COMPONENTS		6,783,868
BANKS - 5.1%
	123,300		BB&T Corp		3,867,921
	27,150		Comerica, Inc		820,202
	146,199		East West Bancorp, Inc		3,187,138
	161,038		Fifth Third Bancorp		2,225,545
	263,900		Huntington Bancshares, Inc		1,640,139
	191,500		Regions Financial Corp		1,332,840
	113,000		SunTrust Banks, Inc		2,672,450
	24,091	*	Texas Capital Bancshares, Inc		1,038,081
	176,300		US Bancorp		5,906,050
	843,998		Wells Fargo & Co		28,535,571
			TOTAL BANKS		51,225,937
CAPITAL GOODS - 6.1%
	54,500	*	AGCO Corp		2,389,280
	25,200	*	BE Aerospace, Inc		988,596
	26,300		Carlisle Cos, Inc		1,327,887
	73,000		Chicago Bridge & Iron Co NV		2,609,019
	31,150	d	Cummins, Inc		2,987,284
	51,100		Danaher Corp		2,698,591
	12,244	e	Eaton Corp		536,777
	9,100		Flowserve Corp		1,091,818
	60,380	*	Fortune Brands Home & Security, Inc		1,335,606
	1,064,224		General Electric Co		22,082,647
	29,800	*	Huntington Ingalls		1,161,902
	30,000		Ingersoll-Rand plc		1,272,300
	14,400		Joy Global, Inc		747,936
	40,100		KBR, Inc		1,052,224
	23,900		Lincoln Electric Holdings, Inc		953,132
	13,800		Lockheed Martin Corp		1,231,926
	48,900	*	Owens Corning, Inc		1,313,454
	24,000		Parker Hannifin Corp		1,927,680
	34,500	*	Quanta Services, Inc		793,155
	19,000		Regal-Beloit Corp		1,223,030
	13,800		Snap-On, Inc		935,364

253

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

SHARES			COMPANY	VALUE
	35,750		Textron, Inc	$	931,288
	11,109		Timken Co		402,146
	8,000	*	TransDigm Group, Inc		986,880
	95,990		Tyco International Ltd		5,273,691
	34,000		URS Corp		1,192,380
	7,698		Valmont Industries, Inc		953,628
	5,950	*	WESCO International, Inc		331,475
			TOTAL CAPITAL GOODS		60,731,096
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	14,000		Corrections Corp of America		435,120
	21,800		Equifax, Inc		1,021,112
	25,000	e	R.R. Donnelley & Sons Co		303,000
	31,050	*	Verisk Analytics, Inc		1,560,263
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		3,319,495
CONSUMER DURABLES & APPAREL - 2.0%
	15,750		Coach, Inc		776,948
	83,900		DR Horton, Inc		1,479,157
	13,800	*,e	Garmin Ltd		532,818
	9,475		Harman International Industries, Inc		382,316
	39,950		Jarden Corp		1,805,740
	51,000	e	Lennar Corp (Class A)		1,489,710
	23,150	*	Michael Kors Holdings Ltd		955,864
	22,000	*	Mohawk Industries, Inc		1,461,460
	1,230	*	NVR, Inc		951,995
	11,733		Phillips-Van Heusen Corp		931,952
	13,000		Polaris Industries, Inc		977,080
	50,000	*	Pulte Homes, Inc		565,000
	6,338		Ralph Lauren Corp		914,827
	24,980	*	Steven Madden Ltd		1,009,941
	50,500	*	Toll Brothers, Inc		1,473,085
	26,680	*,e	Under Armour, Inc (Class A)		1,452,459
	9,500		VF Corp		1,418,350
	23,839		Whirlpool Corp		1,610,563
			TOTAL CONSUMER DURABLES & APPAREL		20,189,265
CONSUMER SERVICES - 0.8%
	46,390		Brinker International, Inc		1,503,499
	19,800	*,e	Coinstar, Inc		940,302
	23,280		Las Vegas Sands Corp		847,858
	15,240		Marriott International, Inc (Class A)		555,041
	29,990	*	Penn National Gaming, Inc		1,167,211
	330,800		Sands China Ltd		970,343
	18,788		Wyndham Worldwide Corp		977,915
	14,750		Yum! Brands, Inc		956,390
			TOTAL CONSUMER SERVICES		7,918,559
DIVERSIFIED FINANCIALS - 13.4%
	19,000	*	Affiliated Managers Group, Inc		2,120,210
	93,990	*	American Capital Ltd		936,140
	72,975		American Express Co		4,211,387

254

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

SHARES			COMPANY	VALUE
	11,000		Ameriprise Financial, Inc	$	568,920
	1,102,400		Bank of America Corp		8,091,616
	128,128		Capital One Financial Corp		7,237,951
	143,600		Charles Schwab Corp		1,813,668
	304,000		Citigroup, Inc		8,247,520
	151,550		Discover Financial Services		5,449,738
	78,600	*	E*Trade Financial Corp		599,718
	22,839		Franklin Resources, Inc		2,625,343
	90,199		Goldman Sachs Group, Inc		9,101,079
	102,800		Invesco Ltd		2,274,964
	264,500	e	iShares Russell 1000 Value Index Fund		18,200,245
	645,000		JPMorgan Chase & Co		23,220,000
	92,400		Morgan Stanley		1,262,184
	49,800		Northern Trust Corp		2,260,920
	433,500		PowerShares QQQ Trust Series		28,090,800
	41,680		Raymond James Financial, Inc		1,401,282
	85,000		SLM Corp		1,359,150
	110,380		State Street Corp		4,457,144
	32,000		TD Ameritrade Holding Corp		509,440
			TOTAL DIVERSIFIED FINANCIALS		134,039,419
ENERGY - 15.6%
	83,900	*	Alpha Natural Resources, Inc		588,139
	39,240		Anadarko Petroleum Corp		2,724,826
	75,400		Apache Corp		6,493,448
	16,950	*	Atwood Oceanics, Inc		754,784
	59,300		Baker Hughes, Inc		2,746,776
	275,000		Chevron Corp		30,134,500
	10,100	*	Concho Resources, Inc		861,025
	188,111		ConocoPhillips		10,240,763
	12,380	*	Continental Resources, Inc		792,196
	4,785		Core Laboratories NV		533,815
	31,400	*	CVR Energy, Inc		896,784
	20,000	e	Diamond Offshore Drilling, Inc		1,308,400
	18,330		Ensco plc		995,869
	624,175		Exxon Mobil Corp		54,209,599
	36,500		Halliburton Co		1,209,245
	10,800		Helmerich & Payne, Inc		502,200
	29,500		Hess Corp		1,391,220
	69,300		Holly Corp		2,591,127
	166,000		Marathon Oil Corp		4,394,020
	89,300		Marathon Petroleum Corp		4,223,890
	36,000	*	McDermott International, Inc		421,200
	26,250		Murphy Oil Corp		1,408,575
	56,600		National Oilwell Varco, Inc		4,092,179
	17,700		Noble Energy, Inc		1,547,511
	120,210		Occidental Petroleum Corp		10,461,876
	36,900		Peabody Energy Corp		770,472
	31,420		Phillips 66		1,181,392
	12,750		Pioneer Natural Resources Co		1,130,033
	36,890	*	Stone Energy Corp		968,731
	22,000	*	Superior Energy Services		476,740

255

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

SHARES			COMPANY	VALUE
	54,000	*	Tesoro Corp	$	1,493,100
	111,398		Valero Energy Corp		3,063,445
	42,380	e	Western Refining, Inc		997,201
	30,300		Williams Cos, Inc		963,237
			TOTAL ENERGY		156,568,318
FOOD & STAPLES RETAILING - 0.5%
	9,944		Costco Wholesale Corp		956,414
	55,900		CVS Corp		2,529,475
	19,950		Whole Foods Market, Inc		1,831,011
			TOTAL FOOD & STAPLES RETAILING		5,316,900
FOOD, BEVERAGE & TOBACCO - 4.0%
	138,300		Archer Daniels Midland Co		3,608,247
	36,100		Beam, Inc		2,269,968
	33,650		Bunge Ltd		2,213,161
	71,700		Coca-Cola Enterprises, Inc		2,102,244
	17,500		ConAgra Foods, Inc		432,075
	86,674	*	DE Master Blenders 1753 NV		1,004,477
	79,500	*	Dean Foods Co		983,415
	42,300	e	Diamond Foods, Inc		688,221
	13,244		Hershey Co		950,125
	11,330		Hillshire Brands Co		290,161
	247,700		Kraft Foods, Inc (Class A)		9,836,166
	21,750		Lorillard, Inc		2,797,920
	18,750	d	Mead Johnson Nutrition Co		1,368,000
	43,950	*,d	Monster Beverage Corp		2,921,357
	65,950		Philip Morris International, Inc		6,030,468
	20,990	*	Ralcorp Holdings, Inc		1,252,473
	17,900		Reynolds American, Inc		828,233
	41,199		Tyson Foods, Inc (Class A)		618,397
			TOTAL FOOD, BEVERAGE & TOBACCO		40,195,108
HEALTH CARE EQUIPMENT & SERVICES - 3.2%
	16,300	*	Catamaran Corp		1,377,513
	13,500	*	Community Health Systems, Inc		332,235
	22,100		Cooper Cos, Inc		1,663,246
	61,000		Covidien plc		3,408,680
	7,900		HCA Holdings, Inc		209,192
	17,500	*	Henry Schein, Inc		1,309,175
	9,000		Hill-Rom Holdings, Inc		235,350
	52,400		Humana, Inc		3,227,840
	2,975	*	Intuitive Surgical, Inc		1,432,463
	81,400		Medtronic, Inc		3,208,788
	211,800		UnitedHealth Group, Inc		10,820,862
	58,750		WellPoint, Inc		3,130,788
	37,310		Zimmer Holdings, Inc		2,198,678
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		32,554,810

256

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

SHARES			COMPANY	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	39,991		Church & Dwight Co, Inc	$	2,303,882
	18,944		Colgate-Palmolive Co		2,033,828
	16,800		Kimberly-Clark Corp		1,460,088
	192,400		Procter & Gamble Co		12,417,495
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		18,215,293
INSURANCE - 5.1%
	57,000		ACE Ltd		4,189,500
	8,400		Aflac, Inc		367,752
	31,130		Allied World Assurance Co Holdings Ltd		2,348,136
	93,000		Allstate Corp		3,189,900
	38,000		American Financial Group, Inc		1,432,980
	25,600	*	American International Group, Inc		800,512
	39,800	*	Arch Capital Group Ltd		1,544,240
	71,980		Aspen Insurance Holdings Ltd		2,068,705
	41,500		Axis Capital Holdings Ltd		1,363,690
	127,244	*	Berkshire Hathaway, Inc (Class B)		10,795,381
	45,000		Cincinnati Financial Corp		1,702,800
	16,390		Everest Re Group Ltd		1,666,863
	78,300		Fidelity National Title Group, Inc (Class A)		1,457,946
	15,000		HCC Insurance Holdings, Inc		459,600
	11,400		Metlife, Inc		350,778
	9,000		PartnerRe Ltd		651,960
	93,930		Principal Financial Group		2,403,669
	42,500		Protective Life Corp		1,186,175
	131,900		Prudential Financial, Inc		6,368,132
	10,000		Reinsurance Group of America, Inc (Class A)		556,700
	7,180		RenaissanceRe Holdings Ltd		531,248
	41,313		Torchmark Corp		2,055,322
	66,500		Validus Holdings Ltd		2,163,245
	39,000		W.R. Berkley Corp		1,428,570
			TOTAL INSURANCE		51,083,804
MATERIALS - 4.5%
	11,100		Air Products & Chemicals, Inc		892,773
	30,999		Ashland, Inc		2,182,020
	32,800		Cabot Corp		1,279,200
	23,750		CF Industries Holdings, Inc		4,649,300
	93,990		Cleveland-Cliffs, Inc		3,843,251
	21,199		Cytec Industries, Inc		1,305,010
	35,400		Domtar Corp		2,614,644
	23,900		Eastman Chemical Co		1,249,492
	185,400		Freeport-McMoRan Copper & Gold, Inc (Class B)		6,242,418
	105,000		Huntsman Corp		1,328,250
	73,900		International Paper Co		2,424,659
	72,800		LyondellBasell Industries AF S.C.A		3,241,784
	16,750		Monsanto Co		1,434,135
	39,600		Mosaic Co		2,301,156
	42,854		Nucor Corp		1,679,877
	29,380		Reliance Steel & Aluminum Co		1,512,482
	6,500		Rockwood Holdings, Inc		287,430
	10,900		Sherwin-Williams Co		1,464,415
	28,000		Valspar Corp		1,405,600
	80,000		Walter Energy, Inc		2,744,000
	6,500	e	Westlake Chemical Corp		385,840
	17,691	*	WR Grace & Co		991,404
			TOTAL MATERIALS		45,459,140

257

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

SHARES			COMPANY	VALUE
MEDIA - 3.4%
	159,500		CBS Corp (Class B)	$	5,336,870
	262,750		Comcast Corp (Class A)		8,552,513
	47,339	*	DIRECTV		2,350,855
	26,390	*	Discovery Communications, Inc (Class A)		1,336,126
	54,750		DISH Network Corp (Class A)		1,684,110
	95,500		Gannett Co, Inc		1,347,505
	9,390	*	Liberty Global, Inc (Class A)		495,604
	13,750	*	Liberty Interactive LLC		1,300,750
	73,800	e	Regal Entertainment Group (Class A)		1,019,916
	16,810		Time Warner Cable, Inc		1,427,673
	171,500		Walt Disney Co		8,427,510
			TOTAL MEDIA		33,279,432
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	106,300		Abbott Laboratories		7,048,753
	17,775	*	Alexion Pharmaceuticals, Inc		1,863,709
	12,150		Amgen, Inc		1,003,590
	12,775	*	Biogen Idec, Inc		1,862,978
	44,000		Eli Lilly & Co		1,937,320
	61,800	*	Forest Laboratories, Inc		2,073,390
	52,750	*	Gilead Sciences, Inc		2,865,908
	149,244		Johnson & Johnson		10,330,669
	22,000	*	Life Technologies Corp		965,360
	192,400		Merck & Co, Inc		8,498,308
	54,000		PerkinElmer, Inc		1,379,700
	12,030		Perrigo Co		1,371,661
	1,148,800		Pfizer, Inc		27,617,151
	9,540	*	Vertex Pharmaceuticals, Inc		462,785
	80,500		Warner Chilcott plc		1,368,500
	18,350	*	Watson Pharmaceuticals, Inc		1,428,181
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		72,077,963
REAL ESTATE - 4.2%
	19,800	*	Alexander & Baldwin, Inc		634,392
	62,300		AMB Property Corp		2,014,159
	73,800		American Capital Agency Corp		2,593,332
	20,750		American Tower Corp		1,500,433
	131,300		Annaly Capital Management, Inc		2,288,559
	6,024		AvalonBay Communities, Inc		886,070
	62,300		DDR Corp		936,992
	13,100		Digital Realty Trust, Inc		1,022,717
	34,250		Duke Realty Corp		495,255
	16,000		Extra Space Storage, Inc		523,840
	10,500		Federal Realty Investment Trust		1,140,930
	69,600		General Growth Properties, Inc		1,261,152
	29,164		Health Care REIT, Inc		1,814,876
	57,500		Hospitality Properties Trust		1,395,525

258

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

SHARES			COMPANY	VALUE
	19,830		Jones Lang LaSalle, Inc	$	1,322,463
	25,700		Macerich Co		1,501,137
	42,130		Public Storage, Inc		6,275,264
	39,390		Simon Property Group, Inc		6,321,700
	12,000		SL Green Realty Corp		945,000
	23,880		Taubman Centers, Inc		1,851,178
	83,800		Ventas, Inc		5,635,550
			TOTAL REAL ESTATE		42,360,524
RETAILING - 2.7%
	3,000		Aaron’s, Inc		87,990
	19,750		Advance Auto Parts, Inc		1,385,463
	165,000		Best Buy Co, Inc		2,984,849
	4,500		Dillard’s, Inc (Class A)		293,535
	28,000	*	Dollar General Corp		1,428,280
	18,500	*	Dollar Tree, Inc		931,290
	17,500		DSW, Inc (Class A)		1,034,600
	12,800		Expedia, Inc		729,472
	60,000		Foot Locker, Inc		1,981,200
	75,400	e	GameStop Corp (Class A)		1,207,908
	34,100		Gap, Inc		1,005,609
	25,540		GNC Holdings, Inc		984,056
	26,900		Home Depot, Inc		1,403,642
	71,050		Macy’s, Inc		2,546,432
	14,500	*,e	NetFlix, Inc		824,325
	16,275	*	O’Reilly Automotive, Inc		1,395,419
	38,380	*	Sally Beauty Holdings, Inc		1,014,000
	33,300		Signet Jewelers Ltd		1,462,536
	52,750		Target Corp		3,199,288
	10,990	*	TripAdvisor, Inc		411,136
	10,880		Ulta Salon Cosmetics & Fragrance, Inc		923,494
			TOTAL RETAILING		27,234,524
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	21,900		Analog Devices, Inc		855,852
	55,000		Avago Technologies Ltd		2,035,000
	9,000	*	Fairchild Semiconductor International, Inc		124,740
	247,500		Intel Corp		6,360,750
	173,800	*	Micron Technology, Inc		1,079,298
	98,500	*	ON Semiconductor Corp		683,590
	36,000	*	Skyworks Solutions, Inc		1,041,480
	121,990	*	Teradyne, Inc		1,794,473
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		13,975,183
SOFTWARE & SERVICES - 3.1%
	14,750	*	Alliance Data Systems Corp		1,917,500
	26,599	*,e	AOL, Inc		847,444
	13,750	*	Citrix Systems, Inc		999,350
	21,800		Computer Sciences Corp		536,716
	21,188		DST Systems, Inc		1,142,033
	21,331	*	eBay, Inc		944,963
	78,300		Fidelity National Information Services, Inc		2,461,753

259

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

SHARES			COMPANY	VALUE
	55,400	*	First American Corp	$	1,274,200
	17,180	*	Fiserv, Inc		1,204,833
	54,000		IAC/InterActiveCorp		2,840,940
	38,300		Lender Processing Services, Inc		944,861
	20,200	*	Micros Systems, Inc		964,348
	83,800	*,e	Millennial Media, Inc		832,134
	18,800	*	Red Hat, Inc		1,008,808
	17,950	*	SolarWinds, Inc		958,351
	20,390	*	Sourcefire, Inc		1,040,910
	188,000	*	Symantec Corp		2,961,000
	19,000	*	Synopsys, Inc		575,510
	45,700		Total System Services, Inc		1,080,805
	23,800		VeriSign, Inc		1,057,196
	35,750	*,d	VMware, Inc (Class A)		3,244,669
	72,444	*	Yahoo!, Inc		1,147,513
			TOTAL SOFTWARE & SERVICES		29,985,837
TECHNOLOGY HARDWARE & EQUIPMENT - 3.1%
	604,600		Cisco Systems, Inc		9,643,370
	124,000	*	Dell, Inc		1,473,120
	42,980	*	Dolby Laboratories, Inc (Class A)		1,515,045
	172,400		Hewlett-Packard Co		3,144,576
	78,000	*,e	InvenSense, Inc		1,006,200
	65,900		Jabil Circuit, Inc		1,430,030
	57,500		Lexmark International, Inc (Class A)		1,005,675
	40,500	*	NCR Corp		944,460
	47,500	*	NetApp, Inc		1,551,825
	23,575		Qualcomm, Inc		1,406,956
	45,000	*	SanDisk Corp		1,850,850
	48,000	e	Seagate Technology, Inc		1,440,960
	118,880	*	Vishay Intertechnology, Inc		1,173,346
	109,000	*	Western Digital Corp		4,334,930
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		31,921,343
TELECOMMUNICATION SERVICES - 3.8%
	750,000		AT&T, Inc		28,440,000
	95,400		CenturyTel, Inc		3,962,916
	628,900	*	Sprint Nextel Corp		2,742,004
	38,000	*	tw telecom inc (Class A)		954,940
	40,400		Verizon Communications, Inc		1,823,656
			TOTAL TELECOMMUNICATION SERVICES		37,923,516
TRANSPORTATION - 1.1%
	1,000		Copa Holdings S.A. (Class A)		77,530
	130,300	*	Delta Air Lines, Inc		1,257,395
	15,000	*	Hertz Global Holdings, Inc		168,900
	16,990		J.B. Hunt Transport Services, Inc		934,790
	23,000		Kansas City Southern Industries, Inc		1,674,400
	24,000		Matson, Inc		589,440
	98,000	*,e	UAL Corp		1,851,220
	15,500		Union Pacific Corp		1,900,455
	24,595		United Parcel Service, Inc (Class B)		1,859,628
			TOTAL TRANSPORTATION		10,313,758

260

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

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
UTILITIES - 6.9%
	45,000		Alliant Energy Corp				$	2,101,950
	32,800		Ameren Corp					1,122,088
	49,460		American Water Works Co, Inc					1,792,925
	107,800	*	Calpine Corp					1,842,302
	90,800		CMS Energy Corp					2,239,128
	9,750		Consolidated Edison, Inc					628,875
	84,400		Dominion Resources, Inc					4,583,764
	78,018		DTE Energy Co					4,787,965
	59,250		Duke Energy Corp					4,015,965
	74,500		Edison International					3,440,410
	40,250		Exelon Corp					1,574,580
	103,600		FirstEnergy Corp					5,202,792
	14,000		Hawaiian Electric Industries, Inc					398,860
	7,250		Integrys Energy Group, Inc					438,915
	69,998		NextEra Energy, Inc					4,962,858
	75,400		NiSource, Inc					1,929,486
	138,300		Northeast Utilities					5,515,404
	83,000		NV Energy, Inc					1,518,070
	21,195		Oneok, Inc					943,389
	15,750		PG&E Corp					727,020
	60,180		Pinnacle West Capital Corp					3,222,037
	25,954		SCANA Corp					1,276,158
	52,400		Sempra Energy					3,689,484
	116,540		Southern Co					5,611,401
	31,710		Westar Energy, Inc					969,058
	55,000		Wisconsin Energy Corp					2,240,700
	64,780		Xcel Energy, Inc					1,898,054
			TOTAL UTILITIES					68,673,638
			TOTAL COMMON STOCKS					1,001,346,730
			(Cost $865,381,363)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.4%
TREASURY DEBT - 0.0%
	$200,000		United States Treasury Bill	0.000	%	08/02/12		200,000
								200,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.4%
	24,441,451	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust					24,441,451
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					24,441,451
			TOTAL SHORT-TERM INVESTMENTS					24,641,451
			(Cost $24,641,451)
			TOTAL INVESTMENTS - 102.4%					1,025,988,181
			(Cost $890,022,814)

261

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

SHARES		COMPANY	VALUE
		OTHER ASSETS & LIABILITIES, NET - (2.4)%	$	(24,025,226	)
		NET ASSETS - 100.0%	$	1,001,962,955
		Abbreviation(s):
		REIT    Real Estate Investment Trust
	*	Non-income producing.
	c	Investments made with cash collateral received from securities on loan.
	d	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.
	e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $23,676,875.

262

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
AUTOMOBILES & COMPONENTS - 1.3%
	28,405	*	American Axle & Manufacturing Holdings, Inc	$	306,490
	130		Autoliv, Inc		7,354
	9,838	*	BorgWarner, Inc		660,130
	600,567		Ford Motor Co		5,549,239
	1,482	*	Fuel Systems Solutions, Inc		26,261
	56,353		Harley-Davidson, Inc		2,436,140
	181,374		Johnson Controls, Inc		4,470,869
	8,602	*	Modine Manufacturing Co		57,719
	3,240		Spartan Motors, Inc		16,524
	11,051		Superior Industries International, Inc		188,862
	26,269	*	Tenneco, Inc		769,419
	2,340	*	Tesla Motors, Inc		64,163
	9,255	*	WABCO Holdings, Inc		508,285
			TOTAL AUTOMOBILES & COMPONENTS		15,061,455
BANKS - 3.2%
	1,100		Associated Banc-Corp		13,739
	6,558		Bank of Hawaii Corp		306,324
	244,672		BB&T Corp		7,675,361
	12,500		CapitalSource, Inc		81,875
	1,470		Capitol Federal Financial		17,228
	690		Cathay General Bancorp		11,171
	12,824	*	Citizens Republic Bancorp, Inc		230,832
	440		Columbia Banking System, Inc		7,942
	37,430		Comerica, Inc		1,130,760
	231		Commerce Bancshares, Inc		9,097
	797		Community Bank System, Inc		21,925
	2,109		Cullen/Frost Bankers, Inc		116,649
	2,540		East West Bancorp, Inc		55,372
	13,544		First Horizon National Corp		111,467
	910		First Merchants Corp		12,949
	574		First Niagara Financial Group, Inc		4,351
	27,460	*	Flagstar Bancorp, Inc		23,890
	1,130		FNB Corp		12,294
	540		Glacier Bancorp, Inc		8,192
	350		Hancock Holding Co		10,668
	41,856		Hudson City Bancorp, Inc		265,786
	36,850		Huntington Bancshares, Inc		229,023
	281,026		Keycorp		2,242,587
	36,474		M&T Bank Corp		3,130,928
	1,341		MainSource Financial Group, Inc		15,663
	5,010	*	MGIC Investment Corp		12,074
	1,360		National Penn Bancshares, Inc		12,022
	310		NBT Bancorp, Inc		6,513

263

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	40,135		New York Community Bancorp, Inc	$	520,952
	3,640		Old National Bancorp		44,554
	120		Park National Corp		8,129
	982		People’s United Financial, Inc		11,254
	510	*	Pinnacle Financial Partners, Inc		9,971
	132,788		PNC Financial Services Group, Inc		7,847,771
	43,931	*	Popular, Inc		662,040
	11,168		Provident Financial Services, Inc		170,089
	7,470		Radian Group, Inc		20,916
	322,449		Regions Financial Corp		2,244,245
	1,440	*	Signature Bank		92,880
	997		Susquehanna Bancshares, Inc		10,628
	6,870	*	SVB Financial Group		397,155
	429		TCF Financial Corp		4,432
	870	*	Texas Capital Bancshares, Inc		37,488
	350		Trustmark Corp		8,463
	650		Umpqua Holdings Corp		8,112
	321,544		US Bancorp		10,771,724
	3,230		Webster Financial Corp		66,280
	1,160	*	Western Alliance Bancorp		10,695
	230		Wintrust Financial Corp		8,443
	5,865		Zions Bancorporation		106,743
			TOTAL BANKS		38,839,646
CAPITAL GOODS - 8.2%
	115,782		3M Co		10,562,792
	2,889		A.O. Smith Corp		142,774
	2,586		Actuant Corp (Class A)		73,598
	1,450		Acuity Brands, Inc		84,013
	376	*	Aegion Corp		6,542
	410	*	American Superconductor Corp		1,521
	155,592		Ametek, Inc		4,823,352
	2,075		Ampco-Pittsburgh Corp		32,598
	1,211		Apogee Enterprises, Inc		19,606
	286		Applied Industrial Technologies, Inc		10,628
	12,937	*	ArvinMeritor, Inc		60,545
	2,565	*	Astec Industries, Inc		74,898
	26,180		Barnes Group, Inc		624,655
	419	*	Beacon Roofing Supply, Inc		11,108
	270		Brady Corp (Class A)		7,163
	2,490		Briggs & Stratton Corp		43,426
	1,630	*	Chart Industries, Inc		105,722
	218		Clarcor, Inc		10,540
	3,420	*	Colfax Corp		98,975
	12,664		Cooper Industries plc		910,288
	50,550		Cummins, Inc		4,847,745
	149,482		Danaher Corp		7,894,145
	88,014		Deere & Co		6,761,235
	16,301		Dover Corp		887,915
	72,243		Eaton Corp		3,167,133
	1,365		EMCOR Group, Inc		35,940
	168,165		Emerson Electric Co		8,033,242

264

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,790	*	EnerSys	$	61,128
	260	*	EnPro Industries, Inc		8,962
	300		ESCO Technologies, Inc		10,803
	600	*	Esterline Technologies Corp		35,232
	50,373		Fastenal Co		2,172,084
	90,702	*	FuelCell Energy, Inc		94,330
	400		Gardner Denver, Inc		22,792
	300		GATX Corp		12,621
	267	*	General Cable Corp		6,977
	10,483	*	Gibraltar Industries, Inc		99,798
	300		Gorman-Rupp Co		8,328
	15,313		Graco, Inc		702,560
	6,640	*	GrafTech International Ltd		69,388
	245		Granite Construction, Inc		6,346
	1,410	*	H&E Equipment Services, Inc		19,909
	910		Heico Corp		32,478
	4,430	*	Hexcel Corp		103,175
	3,902		Houston Wire & Cable Co		44,678
	131,892		Illinois Tool Works, Inc		7,167,011
	31,892		Ingersoll-Rand plc		1,352,540
	1,400		Insteel Industries, Inc		13,944
	880		Joy Global, Inc		45,707
	1,785	*	Layne Christensen Co		37,664
	7,468		LB Foster Co (Class A)		220,978
	6,290		Lincoln Electric Holdings, Inc		250,845
	110,669		Masco Corp		1,331,348
	149	*	Middleby Corp		14,590
	179		MSC Industrial Direct Co (Class A)		12,303
	28,462	*	NCI Building Systems, Inc		306,251
	34,972		Nordson Corp		1,792,665
	39,004	*	Owens Corning, Inc		1,047,648
	65,903		Paccar, Inc		2,636,779
	10,326		Pall Corp		551,512
	8,462		Parker Hannifin Corp		679,668
	6,528		Pentair, Inc		286,122
	10,719	*	Polypore International, Inc		398,318
	45,009		Precision Castparts Corp		7,001,600
	4,750		Quanex Building Products Corp		80,275
	29,353	*	Quanta Services, Inc		674,825
	22,632		Rockwell Automation, Inc		1,524,492
	2,870		Rockwell Collins, Inc		145,136
	12,415		Roper Industries, Inc		1,234,672
	2,611	*	Rush Enterprises, Inc (Class A)		42,167
	305		Sauer-Danfoss, Inc		11,038
	259		Simpson Manufacturing Co, Inc		6,278
	3,828		Snap-On, Inc		259,462
	49,370	*	Spirit Aerosystems Holdings, Inc (Class A)		1,160,195
	2,702		TAL International Group, Inc		92,273
	24,715		Tennant Co		1,029,874
	4,793		Timken Co		173,507
	356	*	Trex Co, Inc		9,071
	109,995		Tyco International Ltd		6,043,125

265

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	9,840	*	United Rentals, Inc	$	284,474
	11,650	*	USG Corp		189,196
	1,160		Valmont Industries, Inc		143,701
	29,260		W.W. Grainger, Inc		5,993,326
	145		Watsco, Inc		9,851
	6,425	*	WESCO International, Inc		357,937
	10,540		Westinghouse Air Brake Technologies Corp		834,557
	2,440		Xylem, Inc		58,511
			TOTAL CAPITAL GOODS		98,349,124
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	540		ABM Industries, Inc		10,044
	42,333	*	ACCO Brands Corp		358,560
	40,288		Avery Dennison Corp		1,240,468
	305		Brink’s Co		7,076
	970		CDI Corp		15,675
	1,690	*	Copart, Inc		40,154
	1,360		Corporate Executive Board Co		62,737
	650		Covanta Holding Corp		11,167
	5,827		Deluxe Corp		165,021
	19,268		Dun & Bradstreet Corp		1,545,101
	4,720		Equifax, Inc		221,085
	400		Heidrick & Struggles International, Inc		5,352
	1,540		Herman Miller, Inc		28,182
	5,092		HNI Corp		135,294
	2,370	*	IHS, Inc (Class A)		261,340
	1,660	*	Innerworkings, Inc		19,903
	25,251		Iron Mountain, Inc		813,335
	1,760		Kelly Services, Inc (Class A)		20,874
	590		Knoll, Inc		8,077
	690	*	Korn/Ferry International		9,080
	6,156		Manpower, Inc		219,030
	430	*	Mobile Mini, Inc		6,158
	970	*	On Assignment, Inc		15,122
	10,668		Pitney Bowes, Inc		142,524
	3,910		R.R. Donnelley & Sons Co		47,389
	37,979		Robert Half International, Inc		1,025,813
	760		Schawk, Inc (Class A)		8,649
	1,210		Steelcase, Inc (Class A)		10,370
	10,180	*	Tetra Tech, Inc		261,728
	290		United Stationers, Inc		7,311
	457		Viad Corp		7,920
	41,724		Waste Management, Inc		1,435,306
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		8,165,845
CONSUMER DURABLES & APPAREL - 1.2%
	1,116		American Greetings Corp (Class A)		14,832
	5,420		Callaway Golf Co		29,756
	3,040	*	Carter’s, Inc		154,037
	198		Columbia Sportswear Co		10,017
	490		Ethan Allen Interiors, Inc		10,109
	370	*	Hanesbrands, Inc		11,107

266

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	258		Hasbro, Inc	$	9,241
	549	*	Iconix Brand Group, Inc		9,734
	1,330		KB Home		12,289
	394	*	Maidenform Brands, Inc		8,306
	124,011		Mattel, Inc		4,361,467
	2,300	*	Meritage Homes Corp		80,730
	2,090	*	Mohawk Industries, Inc		138,839
	4,860		Movado Group, Inc		113,918
	73,834		Nike, Inc (Class B)		6,892,404
	3,904		Oxford Industries, Inc		168,809
	397		Pool Corp		14,633
	6,790		Ryland Group, Inc		162,145
	3,639	*	Sealy Corp		6,077
	399	*	Tempur-Pedic International, Inc		11,367
	353		True Religion Apparel, Inc		9,263
	4,527		Tupperware Corp		237,305
	6,576	*	Under Armour, Inc (Class A)		357,997
	4,706	*	Unifi, Inc		52,143
	9,807		VF Corp		1,464,185
	193	*	Warnaco Group, Inc		8,233
	105		Whirlpool Corp		7,094
			TOTAL CONSUMER DURABLES & APPAREL		14,356,037
CONSUMER SERVICES - 2.4%
	9,927	*	AFC Enterprises		219,287
	339	*	BJ’s Restaurants, Inc		13,418
	1,289		Bob Evans Farms, Inc		49,652
	6,640		Brinker International, Inc		215,202
	2,070	*	Chipotle Mexican Grill, Inc (Class A)		605,123
	23,357		Choice Hotels International, Inc		936,148
	2,957	*	Coinstar, Inc		140,428
	20,926		Darden Restaurants, Inc		1,070,993
	320	*	DineEquity, Inc		17,056
	5,070		Domino’s Pizza, Inc		173,090
	1,850		Dunkin Brands Group, Inc		56,018
	19,365	*	Gaylord Entertainment Co		711,664
	359	*	Jack in the Box, Inc		9,689
	87,837		Marriott International, Inc (Class A)		3,199,023
	139,947		McDonald’s Corp		12,505,664
	725	*	Panera Bread Co (Class A)		114,180
	258	*	Papa John’s International, Inc		13,161
	220	*	Peet’s Coffee & Tea, Inc		16,588
	6,160		Royal Caribbean Cruises Ltd		153,877
	1,197	*	Ruby Tuesday, Inc		7,673
	2,668	*	Sonic Corp		26,413
	162,671		Starbucks Corp		7,365,743
	32,325		Starwood Hotels & Resorts Worldwide, Inc		1,750,399
	38		Strayer Education, Inc		2,761
	460		Universal Technical Institute, Inc		5,285
	190		Vail Resorts, Inc		9,432
	5		Weight Watchers International, Inc		253
			TOTAL CONSUMER SERVICES		29,388,220

267

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 6.1%
	56,735	*	American Capital Ltd	$	565,081
	179,311		American Express Co		10,348,038
	45,778		Ameriprise Financial, Inc		2,367,638
	6,020		Ares Capital Corp		100,113
	315,657		Bank of New York Mellon Corp		6,717,181
	34,721		BlackRock, Inc		5,911,597
	145,655		Capital One Financial Corp		8,228,051
	430		CBOE Holdings, Inc		12,255
	334,161		Charles Schwab Corp		4,220,453
	73,160		CME Group, Inc		3,812,368
	280		Cohen & Steers, Inc		9,240
	163,137		Discover Financial Services		5,866,406
	860	*	E*Trade Financial Corp		6,562
	3,778		Eaton Vance Corp		100,230
	10,240		Evercore Partners, Inc (Class A)		237,261
	57,201		Franklin Resources, Inc		6,575,255
	350	*	Green Dot Corp		3,654
	114		Greenhill & Co, Inc		4,528
	21,587	*	IntercontinentalExchange, Inc		2,832,646
	350	*	International Assets Holding Corp		6,668
	121,178		Invesco Ltd		2,681,669
	153	*	Investment Technology Group, Inc		1,267
	12,576		Janus Capital Group, Inc		90,924
	3,730	*	Knight Capital Group, Inc (Class A)		38,531
	14,031		Legg Mason, Inc		344,040
	7,399		Main Street Capital Corp		181,349
	16,930		Nasdaq Stock Market, Inc		384,311
	27,147	*	NewStar Financial, Inc		323,592
	55,701		Northern Trust Corp		2,528,825
	57,904		NYSE Euronext		1,475,394
	4,200	*	PHH Corp		68,082
	5,510		Prospect Capital Corp		61,051
	3,216	*	Safeguard Scientifics, Inc		49,752
	115,262		State Street Corp		4,654,280
	5,430	*	SWS Group, Inc		31,114
	67,215		T Rowe Price Group, Inc		4,083,311
	1,690		Triangle Capital Corp		38,752
			TOTAL DIVERSIFIED FINANCIALS		74,961,469
ENERGY - 8.8%
	6,789		Alon USA Energy, Inc		74,136
	75,543		Apache Corp		6,505,763
	56,734	*	ATP Oil & Gas Corp		82,264
	4,126	*	Atwood Oceanics, Inc		183,731
	3,600	*	Basic Energy Services, Inc		38,952
	3,520	*	C&J Energy Services, Inc		66,105
	30,280	*	Cal Dive International, Inc		49,054
	64,344	*	Cameron International Corp		3,234,573
	5,900		CARBO Ceramics, Inc		378,662
	5,698	*	Carrizo Oil & Gas, Inc		143,646

268

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	40,340	*	Cheniere Energy, Inc	$	549,834
	108,913		Chesapeake Energy Corp		2,049,743
	24,081		Cimarex Energy Co		1,365,152
	60,680	*	Clean Energy Fuels Corp		856,195
	7,670	*	Comstock Resources, Inc		124,101
	8,230	*	Concho Resources, Inc		701,607
	11,804	*	Contango Oil & Gas Co		699,387
	27,776	*	Continental Resources, Inc		1,777,386
	49,244		Crosstex Energy, Inc		664,301
	5,720	*	CVR Energy, Inc		163,363
	29,620	*	CVR Energy, Inc (Contingent value right)		0
	1,775	*	Dawson Geophysical Co		40,896
	2,470		Delek US Holdings, Inc		48,758
	117,535	*	Denbury Resources, Inc		1,777,129
	103,615	*	Devon Energy Corp		6,125,719
	2,427	*	Dresser-Rand Group, Inc		112,880
	1,150		Energen Corp		58,891
	78,029		EOG Resources, Inc		7,647,622
	77,193		Equitable Resources, Inc		4,353,685
	1,665	*	Exterran Holdings, Inc		24,592
	72,936	*	FMC Technologies, Inc		3,290,872
	15,881	*	Goodrich Petroleum Corp		184,220
	4,242		Gulf Island Fabrication, Inc		117,970
	38,130	*	Hercules Offshore, Inc		136,887
	87,323		Hess Corp		4,118,153
	37,039	*	Hornbeck Offshore Services, Inc		1,568,602
	11,291	*	ION Geophysical Corp		75,085
	9,699	*	Key Energy Services, Inc		77,689
	2,159	*	Kinder Morgan Management LLC		165,490
	92,562	*	Kodiak Oil & Gas Corp		772,893
	180,785		Marathon Oil Corp		4,785,379
	2,100	*	Matrix Service Co		21,756
	113,336		National Oilwell Varco, Inc		8,194,193
	1,625	*	Natural Gas Services Group, Inc		23,562
	26,729	*	Newfield Exploration Co		816,036
	1,410	*	Newpark Resources, Inc		9,630
	42,986		Noble Corp		1,590,482
	71,543		Noble Energy, Inc		6,255,004
	11,580	*	Northern Oil And Gas, Inc		182,501
	7,740	*	Oasis Petroleum, Inc		202,633
	10,568		Oceaneering International, Inc		546,260
	7,282	*	Oil States International, Inc		529,401
	876	*	OYO Geospace Corp		83,027
	21,171	*	Parker Drilling Co		98,022
	8,658	*	PDC Energy, Inc		226,840
	15,633	*	Petroquest Energy, Inc		86,138
	16,450	*	Pioneer Energy Services Corp		132,258
	48,980		Pioneer Natural Resources Co		4,341,097
	11,600	*	Plains Exploration & Production Co		463,536
	67,191		Questar Market Resources, Inc		2,017,746
	31,505	*	Quicksilver Resources, Inc		142,403
	36,008		Range Resources Corp		2,254,101

269

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	212,700	*	Rentech, Inc	$	423,273
	11,132	*	Rex Energy Corp		141,154
	79		SEACOR Holdings, Inc		6,711
	81,968	*	Southwestern Energy Co		2,725,436
	223,327		Spectra Energy Corp		6,853,906
	28,186		St. Mary Land & Exploration Co		1,327,279
	16,903		Sunoco, Inc		814,555
	20,590	*	Superior Energy Services		446,185
	520	*	Tesco Corp		6,027
	1,060	*	Tetra Technologies, Inc		7,346
	1,418		Tidewater, Inc		68,872
	18,885	*	Ultra Petroleum Corp		448,708
	11,063	*	Unit Corp		439,865
	27,670	*	Vantage Drilling Co		43,442
	215,172	*	Weatherford International Ltd		2,592,823
	75,639		Western Refining, Inc		1,779,786
	32,812	*	Whiting Petroleum Corp		1,325,605
	2,400	*	Willbros Group, Inc		16,440
	108,480		Williams Cos, Inc		3,448,579
			TOTAL ENERGY		106,323,985
FOOD & STAPLES RETAILING - 0.9%
	258		Casey’s General Stores, Inc		15,333
	278		Harris Teeter Supermarkets, Inc		11,493
	89,450		Kroger Co		1,983,107
	970		Pricesmart, Inc		69,859
	72,335		Safeway, Inc		1,124,809
	3,786		Spartan Stores, Inc		65,119
	187,902		Sysco Corp		5,522,440
	22,541		Whole Foods Market, Inc		2,068,813
			TOTAL FOOD & STAPLES RETAILING		10,860,973
FOOD, BEVERAGE & TOBACCO - 4.4%
	3,010		Bunge Ltd		197,968
	75,073		Campbell Soup Co		2,485,667
	31,350		ConAgra Foods, Inc		774,032
	5,840	*	Darling International, Inc		96,477
	201		Diamond Foods, Inc		3,270
	8,100		Dr Pepper Snapple Group, Inc		369,198
	3,090		Flowers Foods, Inc		66,033
	190,209		General Mills, Inc		7,361,088
	16,519	*	Green Mountain Coffee Roasters, Inc		301,637
	104,650		H.J. Heinz Co		5,777,727
	1,900	*	Hain Celestial Group, Inc		105,811
	33,535		Hillshire Brands Co		858,831
	5,246		Hormel Foods Corp		146,416
	9,599		J.M. Smucker Co		737,203
	129,152		Kellogg Co		6,160,550
	280,057		Kraft Foods, Inc (Class A)		11,121,064
	1,730		Lancaster Colony Corp		119,872
	6,572		McCormick & Co, Inc		400,103
	18,320		Mead Johnson Nutrition Co		1,336,627

270

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	7,178	*	Monster Beverage Corp	$	477,121
	201,471		PepsiCo, Inc		14,652,986
	2,194		Tootsie Roll Industries, Inc		53,709
	177	*	TreeHouse Foods, Inc		9,910
			TOTAL FOOD, BEVERAGE & TOBACCO		53,613,300
HEALTH CARE EQUIPMENT & SERVICES - 3.5%
	5,490	*	Accretive Health, Inc		74,554
	107,016		Aetna, Inc		3,858,997
	2,290	*	Align Technology, Inc		77,769
	3,530	*	Amerigroup Corp		317,276
	2,141	*	Amsurg Corp		63,245
	148,508		Baxter International, Inc		8,689,203
	75,855		Becton Dickinson & Co		5,742,982
	13,374	*	Centene Corp		508,747
	430		Chemed Corp		26,991
	44,400		Cigna Corp		1,788,432
	740	*	Cyberonics, Inc		32,042
	1,030		Dentsply International, Inc		37,430
	3,900	*	Edwards Lifesciences Corp		394,680
	1,483	*	Gen-Probe, Inc		122,629
	1,539	*	Greatbatch, Inc		35,135
	150	*	Haemonetics Corp		10,787
	1,033	*	Health Management Associates, Inc (Class A)		6,797
	4,124	*	Henry Schein, Inc		308,517
	15,912		Hill-Rom Holdings, Inc		416,099
	2,640	*	HMS Holdings Corp		90,842
	28,817		Humana, Inc		1,775,127
	1,185	*	ICU Medical, Inc		63,196
	10,257	*	Idexx Laboratories, Inc		904,360
	240	*	Integra LifeSciences Holdings Corp		9,231
	670		Invacare Corp		9,440
	12,957	*	Inverness Medical Innovations, Inc		244,499
	12,545	*	LifePoint Hospitals, Inc		478,216
	2,510	*	MAKO Surgical Corp		31,977
	360		Masimo Corp		8,064
	343	*	MedAssets, Inc		4,524
	224,655		Medtronic, Inc		8,855,900
	12,987	*	Molina Healthcare, Inc		317,013
	2,081	*	MWI Veterinary Supply, Inc		189,558
	620	*	Omnicell, Inc		8,091
	665		Owens & Minor, Inc		18,760
	718	*	Palomar Medical Technologies, Inc		5,751
	20,047		Patterson Cos, Inc		683,603
	510	*	PSS World Medical, Inc		10,654
	240		Quality Systems, Inc		3,879
	9,286	*	Resmed, Inc		293,066
	9,210		STERIS Corp		277,497
	103,953		WellPoint, Inc		5,539,655
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		42,335,215

271

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 3.6%
	44,682		Avon Products, Inc	$	692,124
	10,390		Clorox Co		755,457
	91,542		Colgate-Palmolive Co		9,827,949
	61,983		Estee Lauder Cos (Class A)		3,246,670
	6,280		Herbalife Ltd		344,709
	96,558		Kimberly-Clark Corp		8,391,856
	6,752	*	Medifast, Inc		189,731
	4,949		Nu Skin Enterprises, Inc (Class A)		252,449
	302,396		Procter & Gamble Co		19,516,638
	5,084		Schiff Nutrition International, Inc		88,868
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		43,306,451
INSURANCE - 5.7%
	103,892		ACE Ltd		7,636,062
	141,677		Aflac, Inc		6,202,619
	873		American Equity Investment Life Holding Co		10,188
	1,080		Amtrust Financial Services, Inc		32,173
	12,792	*	Arch Capital Group Ltd		496,330
	3,437		Arthur J. Gallagher & Co		121,945
	28,824		Aspen Insurance Holdings Ltd		828,402
	22,584		Assurant, Inc		817,767
	6,698		Axis Capital Holdings Ltd		220,096
	206,300	*	Berkshire Hathaway, Inc (Class B)		17,502,492
	99,993		Chubb Corp		7,268,491
	104,698		Cincinnati Financial Corp		3,961,772
	476		Employers Holdings, Inc		8,511
	11,040		Endurance Specialty Holdings Ltd		382,757
	730		First American Financial Corp		13,374
	139,331	*	Genworth Financial, Inc (Class A)		702,228
	400		Kemper Corp		13,088
	1,921	*	Markel Corp		829,987
	15,640		Marsh & McLennan Cos, Inc		519,404
	990		Meadowbrook Insurance Group, Inc		6,970
	28,520		Montpelier Re Holdings Ltd		577,815
	14,681	*	National Financial Partners Corp		218,013
	139	*	Navigators Group, Inc		6,732
	3,154		PartnerRe Ltd		228,476
	128,431	*	Phoenix Cos, Inc		209,342
	9,675		Platinum Underwriters Holdings Ltd		367,843
	480		Primerica, Inc		13,138
	84,196		Principal Financial Group		2,154,576
	1,309		ProAssurance Corp		117,247
	220,247		Progressive Corp		4,347,676
	10,305		Protective Life Corp		287,612
	122,750		Prudential Financial, Inc		5,926,370
	200		Reinsurance Group of America, Inc (Class A)		11,134
	830		RenaissanceRe Holdings Ltd		61,412
	139		RLI Corp		8,953
	179		Safety Insurance Group, Inc		7,586
	5,892		SeaBright Insurance Holdings, Inc		49,669
	476		Selective Insurance Group, Inc		8,216
	2,787		Stewart Information Services Corp		47,574
	115,407		Travelers Cos, Inc		7,230,248
			TOTAL INSURANCE		69,454,288

272

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
MATERIALS - 5.0%
	72,877		Air Products & Chemicals, Inc	$	5,861,497
	207,534		Alcoa, Inc		1,757,813
	14,170		Allegheny Technologies, Inc		425,525
	36,366	*	Allied Nevada Gold Corp		940,061
	30,523		AMCOL International Corp		937,056
	5,841		Aptargroup, Inc		292,108
	16,042		Ball Corp		666,705
	20,129		Bemis Co, Inc		618,967
	4,610		Boise, Inc		34,114
	14,101		Buckeye Technologies, Inc		424,722
	2,310		Carpenter Technology Corp		110,557
	10,970		Celanese Corp (Series A)		418,286
	1,826	*	Clearwater Paper Corp		64,348
	50,809		Cleveland-Cliffs, Inc		2,077,580
	40,347	*	Coeur d’Alene Mines Corp		658,059
	32,303		Commercial Metals Co		416,386
	3,735		Compass Minerals International, Inc		270,190
	1,381		Domtar Corp		102,001
	9,448		Eastman Chemical Co		493,941
	101,695		Ecolab, Inc		6,655,938
	2,950	*	Ferro Corp		9,056
	8,960	*	Flotek Industries, Inc		87,539
	20,610	*	General Moly, Inc		61,418
	530		Globe Specialty Metals, Inc		6,641
	22,724		H.B. Fuller Co		663,995
	6,274		Innophos Holdings, Inc		363,704
	2,468		International Flavors & Fragrances, Inc		137,566
	57,254		International Paper Co		1,878,504
	510	*	Kraton Polymers LLC		11,944
	2,950		Kronos Worldwide, Inc		49,914
	1,240	*	Landec Corp		9,908
	38,486	*	Louisiana-Pacific Corp		397,176
	163,978		LyondellBasell Industries AF S.C.A		7,301,940
	639	*	McEwen Mining, Inc		1,911
	50,346		MeadWestvaco Corp		1,429,826
	5,539		Minerals Technologies, Inc		354,164
	9,120	*	Molycorp, Inc		158,870
	420		Neenah Paper, Inc		11,281
	126,477		Nucor Corp		4,957,898
	280	*	OM Group, Inc		4,396
	6,320	*	Omnova Solutions, Inc		46,010
	14,460	*	Owens-Illinois, Inc		266,787
	3,500		PolyOne Corp		51,555
	74,691		Praxair, Inc		7,749,938
	274		Quaker Chemical Corp		12,130
	1,576		Rock-Tenn Co (Class A)		91,755
	4,580		Rockwood Holdings, Inc		202,528
	34,475		Royal Gold, Inc		2,609,068

273

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	2,025		Sealed Air Corp	$	32,805
	4,870		Sherwin-Williams Co		654,285
	49,805		Sigma-Aldrich Corp		3,446,506
	24,664		Sonoco Products Co		747,566
	420		Stepan Co		37,237
	18,018	*	Stillwater Mining Co		160,000
	5,850	*	SunCoke Energy, Inc		93,600
	1,300	*	Texas Petrochemicals, Inc		50,050
	9,233		Titanium Metals Corp		107,657
	14,580		Tredegar Corp		215,930
	14,866		Valspar Corp		746,273
	1,674		Wausau Paper Corp		14,212
	3,730		Westlake Chemical Corp		221,413
	70,220		Worthington Industries, Inc		1,523,774
			TOTAL MATERIALS		60,204,584
MEDIA - 2.3%
	524		Arbitron, Inc		18,377
	43,727		Cablevision Systems Corp (Class A)		670,772
	8,053		Cinemark Holdings, Inc		188,279
	3,490		Clear Channel Outdoor Holdings, Inc (Class A)		17,659
	15,472	*	Digital Generation, Inc		164,931
	102,328	*	Discovery Communications, Inc (Class A)		5,180,867
	13,888	*	Discovery Communications, Inc (Class C)		647,458
	9,292	*	DreamWorks Animation SKG, Inc (Class A)		178,406
	4,606	*	Fisher Communications, Inc		147,208
	2,205		John Wiley & Sons, Inc (Class A)		105,068
	70,005	*	Journal Communications, Inc (Class A)		387,828
	69,861	*	Liberty Global, Inc (Class A)		3,687,264
	2,570	*	Liberty Global, Inc (Series C)		128,089
	1,050	*	Liberty Interactive LLC		99,330
	2,535		Martha Stewart Living Omnimedia, Inc (Class A)		8,239
	51,302	*	New York Times Co (Class A)		397,590
	320		Scholastic Corp		9,642
	4,280		Scripps Networks Interactive (Class A)		230,478
	98,116		Time Warner Cable, Inc		8,332,992
	70,000		Time Warner, Inc		2,738,400
	13,692	*	Valassis Communications, Inc		308,755
	84,900		Virgin Media, Inc		2,324,562
	4,597		Washington Post Co (Class B)		1,556,084
			TOTAL MEDIA		27,528,278
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.7%
	213,285		Abbott Laboratories		14,142,928
	3,635	*	Affymetrix, Inc		15,231
	88,793		Agilent Technologies, Inc		3,399,884
	29,480	*	Akorn, Inc		402,992
	15,683	*	Amylin Pharmaceuticals, Inc		482,879
	38,690	*	Ariad Pharmaceuticals, Inc		740,140
	3,100	*	Auxilium Pharmaceuticals, Inc		83,514
	57,516	*	Biogen Idec, Inc		8,387,558
	80	*	Bio-Rad Laboratories, Inc (Class A)		7,697

274

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	293,116		Bristol-Myers Squibb Co	$	10,434,930
	15,291	*	Cambrex Corp		141,136
	13,866	*	Cepheid, Inc		444,266
	30,652	*	Endo Pharmaceuticals Holdings, Inc		911,284
	38,138	*	Geron Corp		65,597
	177,609	*	Gilead Sciences, Inc		9,649,497
	870	*	Immunogen, Inc		14,042
	28,828	*	Incyte Corp		720,412
	300,674		Johnson & Johnson		20,812,654
	33,224	*	Life Technologies Corp		1,457,869
	382,588		Merck & Co, Inc		16,898,912
	53,459	*	Nektar Therapeutics		455,471
	16,998	*	Neurocrine Biosciences, Inc		129,185
	3,300	*	Onyx Pharmaceuticals, Inc		247,401
	42,156		PDL BioPharma, Inc		286,239
	3,690		PerkinElmer, Inc		94,279
	3,084	*	Progenics Pharmaceuticals, Inc		16,068
	20,322	*	Salix Pharmaceuticals Ltd		910,832
	22,461	*	Sangamo Biosciences, Inc		118,145
	27,425	*	SIGA Technologies, Inc		79,807
	19,445	*	Synta Pharmaceuticals Corp		142,921
	1,397		Techne Corp		96,505
	540	*	Theravance, Inc		15,730
	3,980	*	United Therapeutics Corp		218,024
	4,670	*	Vertex Pharmaceuticals, Inc		226,542
	380	*	Viropharma, Inc		8,250
	39,971	*	Vivus, Inc		840,590
	14,277	*	Waters Corp		1,106,182
	10,913	*	Xenoport, Inc		85,994
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		94,291,587
REAL ESTATE - 4.1%
	77,308		AMB Property Corp		2,499,368
	5,017		American Campus Communities, Inc		239,110
	118,102		American Tower Corp		8,539,956
	317,810		Annaly Capital Management, Inc		5,539,428
	27,553		Boston Properties, Inc		3,055,628
	46,144	*	CBRE Group, Inc		718,924
	560		Colonial Properties Trust		12,684
	4,441		Douglas Emmett, Inc		104,408
	34,447		Duke Realty Corp		498,104
	210		EastGroup Properties, Inc		11,231
	515		Equity One, Inc		11,170
	3,961		Federal Realty Investment Trust		430,402
	62,649	*	First Industrial Realty Trust, Inc		798,148
	1,693	*	Forest City Enterprises, Inc (Class A)		23,888
	540		Franklin Street Properties Corp		5,600
	127,745		HCP, Inc		6,030,842
	24,547		Health Care REIT, Inc		1,527,560
	2,950		Healthcare Realty Trust, Inc		72,452
	169,674		Host Marriott Corp		2,490,814
	8		Jones Lang LaSalle, Inc		533

275

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	266		Kilroy Realty Corp	$	12,592
	3,363		LaSalle Hotel Properties		88,312
	8,916		Liberty Property Trust		323,562
	13,708		Macerich Co		800,684
	873		Medical Properties Trust, Inc		8,599
	3,160		Mid-America Apartment Communities, Inc		218,767
	540		Piedmont Office Realty Trust, Inc		9,212
	3,580		Post Properties, Inc		184,907
	140		PS Business Parks, Inc		9,465
	64,892		RAIT Investment Trust		301,099
	460		Regency Centers Corp		22,011
	61,265		Simon Property Group, Inc		9,832,420
	23,440		Ventas, Inc		1,576,340
	32,399		Vornado Realty Trust		2,705,317
	297		Washington Real Estate Investment Trust		7,930
			TOTAL REAL ESTATE		48,711,467
RETAILING - 4.6%
	312		Aaron’s, Inc		9,151
	3,793		Advance Auto Parts, Inc		266,079
	30,005		American Eagle Outfitters, Inc		624,704
	7,183	*	Ann Taylor Stores Corp		194,516
	11,498	*	Autozone, Inc		4,314,395
	2,420	*	Barnes & Noble, Inc		32,113
	49,816	*	Bed Bath & Beyond, Inc		3,036,285
	50,770		Best Buy Co, Inc		918,429
	820		Big 5 Sporting Goods Corp		6,183
	160	*	Blue Nile, Inc		4,109
	250		Buckle, Inc		9,667
	2,000	*	Cabela’s, Inc		91,880
	18,674	*	Carmax, Inc		519,697
	9		Chico’s FAS, Inc		138
	3,070	*	Collective Brands, Inc		66,066
	550		Express Parent LLC		8,855
	15,376		Foot Locker, Inc		507,716
	2		GameStop Corp (Class A)		32
	120,531		Gap, Inc		3,554,459
	1,290	*	Genesco, Inc		85,424
	71,094		Genuine Parts Co		4,552,149
	8,830		GNC Holdings, Inc		340,220
	7,844		HSN, Inc		332,272
	11,364		JC Penney Co, Inc		255,804
	62,147		Kohl’s Corp		3,089,949
	115,435	*	Liberty Media Holding Corp (Interactive A)		2,162,097
	2,000		Lithia Motors, Inc (Class A)		55,720
	3,805	*	LKQ Corp		134,431
	258,837		Lowe’s Companies, Inc		6,566,695
	48,620		Macy’s, Inc		1,742,541
	300		Men’s Wearhouse, Inc		8,175
	19,391	*	New York & Co, Inc		88,229
	15,242		Nordstrom, Inc		825,202
	15,969	*	Office Depot, Inc		28,425

276

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,978	*	O’Reilly Automotive, Inc	$	169,594
	8,760		Petsmart, Inc		579,124
	10,219		Pier 1 Imports, Inc		168,511
	5,787		RadioShack Corp		16,840
	4,030		Ross Stores, Inc		267,753
	5,448	*	Sally Beauty Holdings, Inc		143,936
	555		Shoe Carnival, Inc		12,321
	1,960	*	Shutterfly, Inc		64,347
	1,190		Signet Jewelers Ltd		52,265
	137,166		Staples, Inc		1,747,495
	2,017		Stein Mart, Inc		16,035
	141,484		Target Corp		8,581,004
	4,015		Tiffany & Co		220,544
	195,882		TJX Companies, Inc		8,673,655
	10,381	*	Tuesday Morning Corp		52,528
	5		Williams-Sonoma, Inc		174
			TOTAL RETAILING		55,197,933
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%
	16,723	*	Advanced Energy Industries, Inc		206,027
	252,672	*	Advanced Micro Devices, Inc		1,025,848
	31,751		Analog Devices, Inc		1,240,829
	514,268		Applied Materials, Inc		5,600,379
	1,470		Cabot Microelectronics Corp		43,218
	5,850	*	Cirrus Logic, Inc		215,105
	230	*	Cymer, Inc		13,158
	6,040		Cypress Semiconductor Corp		64,568
	490	*	Diodes, Inc		9,281
	28,539	*	Entegris, Inc		229,739
	1,530	*	Integrated Device Technology, Inc		7,711
	601,327		Intel Corp		15,454,104
	430	*	International Rectifier Corp		7,327
	622	*	IXYS Corp		6,282
	5,200	*	Lam Research Corp		178,932
	6,470	*	Lattice Semiconductor Corp		24,004
	10,904	*	LTX-Credence Corp		63,897
	761		Micrel, Inc		7,108
	4,210		Microchip Technology, Inc		140,530
	560	*	Microsemi Corp		10,842
	14,711	*	Mindspeed Technologies, Inc		34,718
	4,246		MKS Instruments, Inc		112,094
	145,307	*	Nvidia Corp		1,967,457
	3,320	*	Omnivision Technologies, Inc		46,546
	126,272	*	ON Semiconductor Corp		876,328
	258		Power Integrations, Inc		9,092
	18,114	*	RF Micro Devices, Inc		70,282
	3,550	*	Rudolph Technologies, Inc		35,500
	15,548	*	Sigma Designs, Inc		105,726
	24,937	*	Skyworks Solutions, Inc		721,427
	33,452	*	SunPower Corp		131,132
	11,248	*	Teradyne, Inc		165,458
	276,831		Texas Instruments, Inc		7,540,877
	1,460	*	Triquint Semiconductor, Inc		8,234
	2,380	*	Ultratech, Inc		75,708
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		36,449,468

277

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 8.9%
	141,681		Accenture plc	$	8,543,364
	121,502	*	Adobe Systems, Inc		3,751,982
	328	*	Advent Software, Inc		7,465
	6,190	*	AOL, Inc		197,213
	48,235	*	Autodesk, Inc		1,636,131
	27,980		Broadridge Financial Solutions, Inc		592,337
	109,924		CA, Inc		2,645,871
	1,110	*	Cadence Design Systems, Inc		13,564
	47,460	*	Citrix Systems, Inc		3,449,393
	102,945	*	Cognizant Technology Solutions Corp (Class A)		5,844,188
	19,655	*	Compuware Corp		181,023
	717		Convergys Corp		10,569
	21,194		Earthlink, Inc		145,179
	1,124		Factset Research Systems, Inc		104,487
	380		Fair Isaac Corp		16,450
	1,790	*	Fortinet, Inc		42,978
	2,939		Global Payments, Inc		125,848
	30,315	*	Google, Inc (Class A)		19,188,486
	570	*	Higher One Holdings, Inc		6,321
	20,706	*	Informatica Corp		611,034
	111,844		International Business Machines Corp		21,919,187
	96,854		Intuit, Inc		5,619,469
	360		j2 Global, Inc		10,775
	359	*	JDA Software Group, Inc		10,619
	3,073	*	Knot, Inc		26,459
	7,278	*	Liquidity Services, Inc		332,750
	3,657		ModusLink Global Solutions, Inc		12,507
	300	*	NetSuite, Inc		16,602
	3,975	*	NeuStar, Inc (Class A)		140,755
	24,762		NIC, Inc		333,296
	1,880	*	Nuance Communications, Inc		38,258
	1,360	*	OpenTable, Inc		49,450
	485,771		Oracle Corp		14,670,284
	44,752	*	Salesforce.com, Inc		5,565,359
	2,065	*	Seachange International, Inc		15,632
	2,310	*	SolarWinds, Inc		123,331
	1,976	*	SPS Commerce, Inc		63,924
	222,179	*	Symantec Corp		3,499,319
	5,470	*	Teradata Corp		369,881
	2,810	*	Ultimate Software Group, Inc		251,411
	1,550	*	Unisys Corp		30,116
	4,120	*	Valueclick, Inc		64,725
	446,878	*	Yahoo!, Inc		7,078,547
			TOTAL SOFTWARE & SERVICES		107,356,539

278

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 4.9%
	13,768	*	Acme Packet, Inc	$	218,223
	330		Adtran, Inc		7,121
	27,724	*	Aruba Networks, Inc		393,126
	3,467	*	Avid Technology, Inc		31,931
	1,524	*	Benchmark Electronics, Inc		24,018
	910		Black Box Corp		24,243
	54,492	*	Bookham, Inc		152,578
	690	*	Calix Networks, Inc		3,181
	741,257		Cisco Systems, Inc		11,823,049
	980		Cognex Corp		33,124
	180	*	Coherent, Inc		8,789
	50,109		Corning, Inc		571,744
	28,604	*	Cray, Inc		355,548
	488,611	*	Dell, Inc		5,804,699
	1,190	*	DTS, Inc		22,170
	381,507	*	EMC Corp		9,999,298
	1,110		FEI Co		52,958
	22,521	*	Finisar Corp		279,936
	13,898	*	Flextronics International Ltd		89,086
	8,980	*	Fusion-io, Inc		171,698
	334,323		Hewlett-Packard Co		6,098,051
	17,236	*	Imation Corp		96,004
	2,419	*	Infinera Corp		13,353
	11,040	*	Ingram Micro, Inc (Class A)		165,490
	5,777		InterDigital, Inc		157,712
	6,649	*	Intevac, Inc		39,030
	7,022	*	IPG Photonics Corp		363,950
	350	*	Itron, Inc		13,640
	15,050		Jabil Circuit, Inc		326,585
	14,044		Lexmark International, Inc (Class A)		245,629
	212		Littelfuse, Inc		11,372
	866		Molex, Inc		21,754
	112,348		Motorola, Inc		5,430,902
	417		National Instruments Corp		10,775
	1,478	*	Netgear, Inc		51,183
	14,946	*	Oplink Communications, Inc		198,184
	500	*	OSI Systems, Inc		32,270
	11,622		Plantronics, Inc		381,434
	281	*	Plexus Corp		8,070
	24,239	*	Polycom, Inc		211,849
	53,452	*	Power-One, Inc		267,260
	167,422		Qualcomm, Inc		9,991,745
	201,595	*	Quantum Corp		298,361
	1,340	*	Rackable Systems, Inc		8,911
	22,419	*	Radisys Corp		76,449
	610	*	Rofin-Sinar Technologies, Inc		11,059
	270	*	Scansource, Inc		7,795
	15,759	*	ShoreTel, Inc		73,752
	12,046	*	STEC, Inc		97,211
	3,009	*	Super Micro Computer, Inc		37,342
	1,597		Sycamore Networks, Inc		22,757
	5,310	*	Synaptics, Inc		140,078
	1,993	*	Tech Data Corp		99,849

279

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	45,110		Tellabs, Inc	$	148,412
	3,218	*	TTM Technologies, Inc		35,205
	2,515	*	Universal Display Corp		79,876
	3,451	*	Vishay Precision Group, Inc		46,934
	619,564		Xerox Corp		4,293,578
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		59,680,331
TELECOMMUNICATION SERVICES - 1.6%
	191,032		CenturyTel, Inc		7,935,469
	32,957	*	Cincinnati Bell, Inc		126,884
	63,487	*	Crown Castle International Corp		3,928,576
	382,747		Frontier Communications Corp		1,500,368
	4,950	*	Iridium Communications, Inc		44,847
	4,940	*	Level 3 Communications, Inc		95,194
	7,710	*	SBA Communications Corp (Class A)		455,353
	746,406	*	Sprint Nextel Corp		3,254,330
	14,696	*	tw telecom inc (Class A)		369,311
	1,645	*	US Cellular Corp		67,642
	1,580		USA Mobility, Inc		17,601
	5,170	*	Vonage Holdings Corp		9,254
	209,253		Windstream Corp		2,084,160
			TOTAL TELECOMMUNICATION SERVICES		19,888,989
TRANSPORTATION - 2.4%
	3,460	*	Alaska Air Group, Inc		120,581
	158	*	Allegiant Travel Co		11,227
	310		Arkansas Best Corp		4,244
	6,700	*	Avis Budget Group, Inc		96,279
	26,346		CH Robinson Worldwide, Inc		1,392,386
	370		Con-Way, Inc		13,179
	255,068		CSX Corp		5,851,260
	8		Expeditors International Washington, Inc		285
	5,480	*	Hawaiian Holdings, Inc		34,908
	436		Heartland Express, Inc		6,060
	2,360		International Shipholding Corp		43,613
	218		J.B. Hunt Transport Services, Inc		11,994
	218	*	Kirby Corp		11,504
	180		Landstar System, Inc		8,894
	90,658		Norfolk Southern Corp		6,713,225
	9		Ryder System, Inc		355
	576	*	Saia, Inc		13,018
	155,656		Southwest Airlines Co		1,430,479
	37,860		Union Pacific Corp		4,642,015
	118,871		United Parcel Service, Inc (Class B)		8,987,836
			TOTAL TRANSPORTATION		29,393,342
UTILITIES - 4.8%
	36,477		Alliant Energy Corp		1,703,841
	3,940		American States Water Co		160,161
	3,470		American Water Works Co, Inc		125,788
	36,709		Atmos Energy Corp		1,316,018
	60,675	*	Calpine Corp		1,036,936

280

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES		COMPANY	RATE		MATURITY DATE	VALUE
	64,116	Centerpoint Energy, Inc				$	1,350,283
	4,606	CH Energy Group, Inc					299,528
	1,701	Chesapeake Utilities Corp					77,804
	94,403	Cleco Corp					4,131,075
	101,808	Consolidated Edison, Inc					6,566,616
	5,824	DTE Energy Co					357,419
	510	Empire District Electric Co					10,965
	77,348	Idacorp, Inc					3,264,086
	2,130	Integrys Energy Group, Inc					128,950
	3,471	ITC Holdings Corp					257,513
	5,397	MDU Resources Group, Inc					120,839
	12,624	MGE Energy, Inc					605,195
	4,599	New Jersey Resources Corp					211,094
	118,792	NextEra Energy, Inc					8,422,353
	150,195	NiSource, Inc					3,843,490
	79,883	Northeast Utilities					3,185,734
	8,144	Northwest Natural Gas Co					396,531
	107,604	NV Energy, Inc					1,968,077
	36,556	Oneok, Inc					1,627,107
	290	Ormat Technologies, Inc					5,220
	193,294	Pepco Holdings, Inc					3,858,148
	113,428	PG&E Corp					5,235,836
	46,338	Piedmont Natural Gas Co, Inc					1,472,622
	3,050	Pinnacle West Capital Corp					163,297
	1,330	PNM Resources, Inc					27,664
	350	Portland General Electric Co					9,530
	60,453	Sempra Energy					4,256,496
	6,188	SJW Corp					144,366
	15,377	South Jersey Industries, Inc					812,828
	8,780	TECO Energy, Inc					159,708
	270	UNS Energy Corp					10,989
	1,260	Vectren Corp					37,611
	4,760	Westar Energy, Inc					145,466
	14,518	WGL Holdings, Inc					587,253
	11,774	Wisconsin Energy Corp					479,673
	23,720	Xcel Energy, Inc					694,996
		TOTAL UTILITIES					59,269,106
		TOTAL COMMON STOCKS					1,202,987,632
		(Cost $1,063,884,320)
PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 0.4%
TREASURY DEBT - 0.4%
	$4,900,000	United States Treasury Bill	0.006	%	08/02/12		4,899,993
							4,899,993
		TOTAL SHORT-TERM INVESTMENTS					4,899,993
		(Cost $4,899,993)

281

TIAA-CREF FUNDS - Social Choice Equity Fund

		VALUE
	TOTAL INVESTMENTS - 99.7%	$	1,207,887,625
	(Cost $1,068,784,313)
	OTHER ASSETS & LIABILITIES, NET - 0.3%		3,916,848
	NET ASSETS - 100.0%	$	1,211,804,473
	Abbreviation(s):
	REIT        Real Estate Investment Trust
*	Non-income producing.

282

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS
GLOBAL NATURAL RESOURCES FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
CORPORATE BONDS - 0.0%
INDIA - 0.0%
	$6,188,400	j,m	Coromandel International Ltd	0.000	%	07/23/14	$	0
			TOTAL INDIA					0
			TOTAL CORPORATE BONDS					0
			(Cost $112,180)
SHARES			COMPANY
COMMON STOCKS - 96.1%
AUSTRALIA - 4.2%
	108,815		BHP Billiton Ltd					3,614,560
	544,778		Fortescue Metals Group Ltd					2,338,520
	361,435		Imdex Ltd					591,263
	107,552		Monadelphous Group Ltd					2,443,314
			TOTAL AUSTRALIA					8,987,657
BRAZIL - 2.1%
	256,976		Vale S.A. (Preference)					4,564,672
			TOTAL BRAZIL					4,564,672
CANADA - 8.0%
	79,344		Cenovus Energy, Inc (Toronto)					2,424,982
	125,510		Detour Gold Corp					2,783,410
	80,756		Kinross Gold Corp					674,812
	209,350		Potash Corp of Saskatchewan Toronto					9,268,724
	35,000		Vermilion Energy Trust					1,631,600
			TOTAL CANADA					16,783,528
CHILE - 1.1%
	40,398		Sociedad Quimica y Minera de Chile S.A. (ADR)					2,421,052
			TOTAL CHILE					2,421,052
CHINA - 1.4%
	1,525,000		CNOOC Ltd					3,059,234
			TOTAL CHINA					3,059,234
COLOMBIA - 0.6%
	22,276		Ecopetrol S.A. (ADR)					1,274,855
			TOTAL COLOMBIA					1,274,855

283

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES		COMPANY	VALUE
INDIA - 2.8%
	412,560	Coromandel International Ltd	$	1,831,092
	455,525	Engineers India Ltd		1,956,987
	459,524	ITC Ltd		2,127,123
		TOTAL INDIA		5,915,202
INDONESIA - 3.6%
	4,891,500	PT Charoen Pokphand Indonesia Tbk		1,640,797
	509,500	PT Indo Tambangraya Megah		1,900,259
	5,057,000	PT Perusahaan Gas Negara		2,017,558
	1,282,000	PT Tambang Batubara Bukit Asam Tbk		2,140,765
		TOTAL INDONESIA		7,699,379
ISRAEL - 1.7%
	297,694	Israel Chemicals Ltd		3,524,182
		TOTAL ISRAEL		3,524,182
ITALY - 0.9%
	42,524	Saipem S.p.A.		1,954,337
		TOTAL ITALY		1,954,337
KOREA, REPUBLIC OF - 0.8%
	11,272	Samsung Engineering Co Ltd		1,804,475
		TOTAL KOREA, REPUBLIC OF		1,804,475
MALAYSIA - 2.1%
	498,500	Genting Plantations BHD		1,501,160
	384,500	Kuala Lumpur Kepong BHD		2,911,412
		TOTAL MALAYSIA		4,412,572
MEXICO - 1.8%
	102,809	Fresnillo plc		2,334,012
	36,734	Industrias Penoles S.A. de C.V.		1,513,750
		TOTAL MEXICO		3,847,762
NETHERLANDS - 0.9%
	31,870	Koninklijke Vopak NV		2,019,589
		TOTAL NETHERLANDS		2,019,589
NORWAY - 1.1%
	49,864	Yara International ASA		2,354,597
		TOTAL NORWAY		2,354,597
PERU - 0.8%
	9,831	Cia de Minas Buenaventura S.A. (ADR) (Series B)		358,045
	1,220,235	Volcan Cia Minera S.A.		1,347,556
		TOTAL PERU		1,705,601
POLAND - 0.9%
	70,878	Jastrzebska Spolka Weglowa S.A.		1,973,153
		TOTAL POLAND		1,973,153

284

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
RUSSIA - 2.7%
	21,795	f	NovaTek OAO (GDR) (purchased 11/1/11, cost $2,858,576)	$	2,447,424
	158,653	f	Rosneft Oil Co (GDR) (purchased 11/15/11, cost $1,122,154)		949,784
	59,119	f	Uralkali (GDR) (purchased 11/22/11, cost $2,230,020)		2,455,414
			TOTAL RUSSIA		5,852,622
SINGAPORE - 1.3%
	4,645,000		Golden Agri-Resources Ltd		2,750,759
			TOTAL SINGAPORE		2,750,759
SOUTH AFRICA - 3.0%
	86,074		AngloGold Ashanti Ltd		2,913,146
	9,080		Assore Ltd		325,310
	40,775		Kumba Iron Ore Ltd		2,530,511
	16,311		Sasol Ltd		676,633
			TOTAL SOUTH AFRICA		6,445,600
SPAIN - 0.9%
	45,117		Tecnicas Reunidas S.A.		1,900,193
			TOTAL SPAIN		1,900,193
SWEDEN - 0.5%
	77,000		Boliden AB		1,167,426
			TOTAL SWEDEN		1,167,426
SWITZERLAND - 4.4%
	27,751		Syngenta AG.		9,462,593
			TOTAL SWITZERLAND		9,462,593
TURKEY - 1.3%
	136,772		Koza Altin Isletmeleri AS		2,702,588
			TOTAL TURKEY		2,702,588
UKRAINE - 1.1%
	116,023		Kernel Holding S.A.		2,418,425
			TOTAL UKRAINE		2,418,425
UNITED ARAB EMIRATES - 1.2%
	289,726		Dragon Oil plc		2,586,847
			TOTAL UNITED ARAB EMIRATES		2,586,847
UNITED KINGDOM - 9.7%
	142,703		Antofagasta plc		2,384,441
	190,286		BHP Billiton plc		5,548,529
	63,105		Croda International plc		2,320,951
	68,803		Petrofac Ltd		1,600,469
	139,050		Rio Tinto plc		6,403,513
	16,217		Tullow Oil plc		326,412
	100,000		Victrex plc		1,984,809
			TOTAL UNITED KINGDOM		20,569,124

285

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
UNITED STATES - 35.2%
	45,268		Alliance Holdings GP LP				$	2,162,000
	15,000		Anadarko Petroleum Corp					1,041,600
	50,835		Ball Corp					2,112,703
	26,075		CF Industries Holdings, Inc					5,104,442
	39,387		Chevron Corp					4,316,027
	25,128		Cimarex Energy Co					1,424,506
	62,904		Cleveland-Cliffs, Inc					2,572,145
	27,370		Compass Minerals International, Inc					1,979,946
	27,009	*	Concho Resources, Inc					2,302,517
	42,006	*	Continental Resources, Inc					2,687,964
	18,584		Core Laboratories NV					2,073,231
	26,398		Deere & Co					2,027,894
	89,109		Exxon Mobil Corp					7,739,118
	42,800		FMC Corp					2,341,160
	45,695	*	FMC Technologies, Inc					2,061,758
	389,610	*	Graphic Packaging Holding Co					2,181,816
	34,565		Joy Global, Inc					1,795,306
	195,626	*	Kodiak Oil & Gas Corp					1,633,477
	69,620		Monsanto Co					5,960,864
	33,502		Mosaic Co					1,946,801
	8,843		NewMarket Corp					2,032,829
	53,846	*	Oasis Petroleum, Inc					1,409,688
	47,822		Occidental Petroleum Corp					4,161,949
	75,452		Packaging Corp of America					2,323,167
	13,120		Pioneer Natural Resources Co					1,162,826
	18,047		Praxair, Inc					1,872,557
	51,143		Rayonier, Inc					2,439,010
	24,917	*	Rosetta Resources, Inc					1,039,537
	89,130		Southern Copper Corp (NY)					2,877,116
	3,658		Walter Energy, Inc					125,469
			TOTAL UNITED STATES					74,909,423
			TOTAL COMMON STOCKS					205,067,447
			(Cost $205,764,079)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 1.9%
TREASURY DEBT - 1.9%
	$4,100,000		United States Treasury Bill	0.005	%	08/02/12		4,099,994
			TOTAL TREASURY DEBT					4,099,994
			TOTAL SHORT-TERM INVESTMENTS					4,099,994
			(Cost $4,099,994)
			TOTAL INVESTMENTS - 98.0%					209,167,441
			(Cost $209,976,253)
			OTHER ASSETS & LIABILITIES, NET - 2.0%					4,303,473
			NET ASSETS - 100.0%				$	213,470,914

286

TIAA-CREF FUNDS - Global Natural Resources Fund

	Abbreviation(s):
	ADR        American Depositary Receipt
	GDR        Global Depositary Receipt
*	Non-income producing.
f	Restricted security. At 7/31/2012, the aggregate value of these securities amounted to $5,852,622 or 2.7% of net assets.
j	Zero coupon.
m	Indicates a security that has been deemed illiquid.

287

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS
GLOBAL NATURAL RESOURCES FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2012

SECTOR	VALUE		% OF NET ASSETS
MATERIALS	$	115,123,647		53.9	%
ENERGY		60,089,992		28.2
CONSUMER STAPLES		13,349,676		6.3
INDUSTRIALS		12,047,565		5.6
FINANCIALS		2,439,010		1.1
UTILITIES		2,017,558		1.0
SHORT - TERM INVESTMENTS		4,099,994		1.9
OTHER ASSETS & LIABILITIES, NET		4,303,472		2.0
NET ASSETS	$	213,470,914		100.0	%

288

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

Note 1—organization and significant accounting policies

TIAA-CREF Funds 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, Social Choice Equity Fund and the Global Natural Resources Fund (collectively the “Funds” or individually, the “Fund”).

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc., which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Teachers Advisors, Inc., a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and 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 schedules of investments.

Investment transactions: 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 using exchange rates obtained from an independent third party. 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.

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 spreads, etc.)

• 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

289

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

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. For events affecting the value of foreign securities 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 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, excluding investments in registered investment companies, 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 accreting or amortizing any discount or premium to 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.

Options: Purchased and written options listed or traded on a national market or exchange are valued at the last sale price as of the close of such exchange 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 catergorized 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, 2012, there were no transfers between levels by the Funds.

290

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

The following is a summary of the inputs used to value the remaining Funds’ investments as of July 31, 2012:

Fund	Level 1			Level 2		Level 3		Total
Growth & Income
Consumer discretionary	$	334,927,772		$	5,477,871	$	—	$	340,405,643
Consumer staples*		330,193,908			19,283,013		—		349,476,921
Energy		268,724,484			—		—		268,724,484
Financials		391,327,639			—		—		391,327,639
Health care*		366,093,963			22,161,094		—		388,255,057
Industrials		221,782,194			3,143,556		—		224,925,750
Information technology		510,906,663			7,054,603		—		517,961,266
Materials		93,290,742			—		—		93,290,742
Telecommunication services		68,148,415			—		—		68,148,415
Utilities		74,008,283			—		—		74,008,283
Short-term investments		31,839,542			38,797,185		—		70,636,727
Written Options**		(89,797	)		—		—		(89,797	)
Total	$	2,691,153,808		$	95,917,322	$	—	$	2,787,071,130
International Equity
France	$	—		$	191,718,882	$	—	$	191,718,882
Germany		—			463,901,196		—		463,901,196
Hong Kong		—			76,478,532		—		76,478,532
India		—			99,562,149		—		99,562,149
Japan		—			324,952,872		—		324,952,872
Sweden		—			100,614,917		—		100,614,917
Switzerland		—			396,156,228		—		396,156,228
United Kingdom		—			739,753,413		—		739,753,413
Other		—			45,516,823		—		45,516,823
Short-term investments		153,823,632			56,598,235		—		210,421,867
Total	$	153,823,632		$	2,495,253,247	$	—	$	2,649,076,879
Emerging Markets Equity
Brazil	$	—		$	70,675,843	$	—	$	70,675,843
China*		2,357,477			64,643,591		—		67,001,068
India		—			31,142,449		—		31,142,449
Indonesia		—			20,326,242		—		20,326,242
Korea, Republic of		—			62,442,885		—		62,442,885
Mexico		—			40,403,023		—		40,403,023
Philippines		—			16,982,714		—		16,982,714
Russia*		1,028,151			35,683,801		—		36,711,952
South Africa		—			37,451,901		—		37,451,901
Taiwan		—			31,477,221		—		31,477,221
Thailand*		—			16,979,320		—		16,979,320
Turkey		—			11,928,889		—		11,928,889
Other*		6,160,975			62,581,549		—		68,742,524
Short-term investments		29,039,723			—		—		29,039,723
Total	$	38,586,326		$	502,719,428	$	—	$	541,305,754

291

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

Large-Cap Growth
Consumer discretionary	$	270,259,916	$	7,141,313	$	—	$	277,401,229
Consumer staples		58,716,408		—		—		58,716,408
Energy		52,649,080		15,944,454		—		68,593,534
Financials		75,248,396		—		—		75,248,396
Health care		217,291,158		19,970,377		—		237,261,535
Industrials		132,954,060		6,411,862		—		139,365,922
Information technology		547,937,554		—		—		547,937,554
Materials		76,894,694		—		—		76,894,694
Telecommunication services		17,691,913		—		—		17,691,913
Short-term investments		11,246,177		10,799,103		—		22,045,280
Total	$	1,460,889,356	$	60,267,109	$	—	$	1,521,156,465
Large-Cap Value
Consumer discretionary	$	238,982,011	$	4,085,558	$	—	$	243,067,569
Consumer staples		177,218,184		21,349,776		—		198,567,960
Energy		432,606,865		7,372,699		—		439,979,564
Financials		610,702,923		27,105,018		—		637,807,941
Health care*		343,071,805		12,398,007		—		355,469,812
Industrials *		247,223,679		12,209,113		—		259,432,792
Information technology		204,254,682		2,652,950		—		206,907,632
Materials		74,171,690		1,108,494		—		75,280,184
Telecommunication services		102,144,818		—		—		102,144,818
Utilities		146,227,900		—		—		146,227,900
Short-term investments		114,140,665		29,399,955		—		143,540,620
Total	$	2,690,745,222	$	117,681,570	$	—	$	2,808,426,792
Mid-Cap Growth
Consumer discretionary	$	270,333,834	$	—	$	—	$	270,333,834
Consumer staples		81,328,025		13,204,974		—		94,532,999
Energy		62,793,193		14,674,158		—		77,467,351
Financials		106,097,221		—		—		106,097,221
Health care		173,062,316		—		—		173,062,316
Industrials		191,022,631		—		—		191,022,631
Information technology		264,143,009		—		—		264,143,009
Materials		96,952,237		—		—		96,952,237
Telecommunication services		10,590,049		—		—		10,590,049
Utilities		6,836,000		—		—		6,836,000
Short-term investments		72,215,662		31,347,693		—		103,563,355
Total	$	1,335,374,177	$	59,226,825	$	—	$	1,394,601,002
Mid-Cap Value
Consumer discretionary	$	350,568,931	$	11,415,227	$	—	$	361,984,158
Consumer staples		161,569,351		6,980,893		—		168,550,244
Energy		292,218,070		6,067,337		—		298,285,407
Financials		816,161,025		—		—		816,161,025
Health care*		180,842,439		2,123,320		—		182,965,759
Industrials		263,019,575		7,528,293		—		270,547,868
Information technology		272,158,050		—		—		272,158,050
Materials		180,561,199		7,572,456		—		188,133,655
Telecommunication services		16,393,421		—		—		16,393,421
Utilities		338,572,597		—		—		338,572,597
Short-term investments		74,164,767		188,489,241		—		262,654,008
Total	$	2,946,229,425	$	230,176,767	$	—	$	3,176,406,192

292

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

Small-Cap Equity
Consumer discretionary	$	207,463,957	$	—	$	—	$	207,463,957
Consumer staples		69,259,206		—		—		69,259,206
Energy		85,728,298		—		—		85,728,298
Financials		327,959,744		—		—		327,959,744
Health care		195,723,241		—		—		195,723,241
Industrials		284,057,122		—		—		284,057,122
Information technology		277,838,991		—		—		277,838,991
Materials		73,470,719		—		—		73,470,719
Telecommunication services		18,194,327		—		—		18,194,327
Utilities		49,121,477		—		—		49,121,477
Short-term investments		136,992,211		6,299,990		—		143,292,201
Futures **		58,466		—		—		58,466
Total	$	1,725,867,759	$	6,299,990	$	—	$	1,732,167,749
Large-Cap Growth Index
Consumer discretionary	$	175,126,936	$	—	$	—	$	175,126,936
Consumer staples		146,833,965		—		—		146,833,965
Energy		43,634,663		—		—		43,634,663
Financials		49,159,253		—		—		49,159,253
Health care		129,849,853		—		—		129,849,853
Industrials		130,980,274		—		—		130,980,274
Information technology		348,451,101		—		—		348,451,101
Materials		41,171,172		—		—		41,171,172
Telecommunication services		25,567,564		—		—		25,567,564
Utilities		2,267,756		—		—		2,267,756
Short-term investments		13,868,389		8,899,936		—		22,768,325
Futures**		183,911		—		—		183,911
Total	$	1,107,094,837	$	8,899,936	$	—	$	1,115,994,773
Large-Cap Value Index
Consumer discretionary	$	86,545,905	$	—	$	—	$	86,545,905
Consumer staples		83,761,025		—		—		83,761,025
Energy		192,797,482		—		—		192,797,482
Financials		304,405,052		—		—		304,405,052
Health care		134,169,534		—		—		134,169,534
Industrials		104,904,137		—		—		104,904,137
Information technology		73,677,913		—		—		73,677,913
Materials		43,475,345		—		—		43,475,345
Telecommunication services		44,771,157		—		—		44,771,157
Utilities		84,529,644		—		—		84,529,644
Short-term investments		17,370,249		5,299,992		—		22,670,241
Futures**		51,953		—		—		51,953
Total	$	1,170,459,396	$	5,299,992	$	—	$	1,175,759,388
Equity Index
Consumer discretionary	$	446,815,944	$	—	$	—	$	446,815,944
Consumer staples		369,885,224		—		—		369,885,224
Energy		381,298,335		—		—		381,298,335
Financials		594,469,630		—		—		594,469,630
Health care		447,440,533		—		—		447,440,533
Industrials		408,364,771		—		—		408,364,771
Information technology		710,872,584		—		—		710,872,584
Materials		143,886,376		—		—		143,886,376
Telecommunication services		110,847,505		—		—		110,847,505
Utilities		143,668,990		—		—		143,668,990
Short-term investments		101,354,617		8,599,987		—		109,954,604
Futures**		141,645		—		—		141,645
Total	$	3,859,046,154	$	8,599,987	$	—	$	3,867,646,141

293

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

S&P 500 Index
Consumer discretionary	$	156,837,031		$	—	$	—	$	156,837,031
Consumer staples		166,598,705			—		—		166,598,705
Energy		162,924,064			—		—		162,924,064
Financials		206,710,397			—		—		206,710,397
Health care		173,930,195			—		—		173,930,195
Industrials		148,842,618			—		—		148,842,618
Information technology		287,485,184			—		—		287,485,184
Materials		48,344,705			—		—		48,344,705
Telecommunication services		48,824,102			—		—		48,824,102
Utilities		54,823,918			—		—		54,823,918
Short-term investments		11,349,643			2,899,995		—		14,249,638
Futures**		(445	)		—		—		(445	)
Total	$	1,466,670,117		$	2,899,995	$	—	$	1,469,570,112
Small-Cap Blend Index
Consumer discretionary	$	113,629,395		$	—	$	—	$	113,629,395
Consumer staples		30,232,215			—		—		30,232,215
Energy		50,333,828			—		—		50,333,828
Financials		183,774,844			—		—		183,774,844
Health care		110,313,862			—		—		110,313,862
Industrials		123,154,502			—		—		123,154,502
Information technology		143,249,345			—		—		143,249,345
Materials		38,389,824			—		—		38,389,824
Telecommunication services		5,786,771			—		—		5,786,771
Utilities		31,602,109			—		—		31,602,109
Short-term investments		144,293,654			10,999,983		—		155,293,637
Futures**		(161,145	)		—		—		(161,145	)
Total	$	974,599,204		$	10,999,983	$	—	$	985,599,187
International Equity Index
Australia	$	—		$	294,169,902	$	—	$	294,169,902
France		—			274,028,002		—		274,028,002
Germany		—			258,321,654		—		258,321,654
Hong Kong		—			96,216,852		—		96,216,852
Japan		—			666,894,861		—		666,894,861
Netherlands		—			158,400,743		—		158,400,743
Spain		—			78,435,739		—		78,435,739
Sweden		—			102,650,419		—		102,650,419
Switzerland		—			278,781,961		—		278,781,961
United Kingdom		—			657,161,747		—		657,161,747
Other*		14,722,643			325,920,693		—		340,643,336
Short-term investments		215,864,037			18,564,017		—		234,428,054
Futures**		384,344			—		—		384,344
Total	$	230,971,024		$	3,209,546,590	$	—	$	3,440,517,614

294

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

Emerging Markets Equity Index
Brazil	$	—	$	30,901,110	$	—	$	30,901,110
China		—		39,536,934		—		39,536,934
India		—		14,975,188		—		14,975,188
Indonesia		—		6,613,327		—		6,613,327
Korea, Republic of *		55,480		36,219,711		—		36,275,191
Malaysia		—		8,409,748		—		8,409,748
Mexico		—		11,775,870		—		11,775,870
Russia*		2,377,841		11,746,661		—		14,124,502
South Africa		—		18,666,139		—		18,666,139
Taiwan		—		25,087,215		—		25,087,215
Thailand		—		5,081,405		—		5,081,405
Short-term investments		18,220,036		—		—		18,220,036
Other*		2,769,598		21,857,062		—		24,626,660
Total	$	23,422,955	$	230,870,370	$	—	$	254,293,325
Enhanced International Equity Index
Australia	$	—	$	62,796,727	$	—	$	62,796,727
France		—		57,380,481		—		57,380,481
Germany		—		52,759,006		—		52,759,006
Hong Kong		—		19,855,358		—		19,855,358
Italy		—		15,044,118		—		15,044,118
Japan		—		140,112,102		—		140,112,102
Netherlands		—		41,426,383		—		41,426,383
Spain		—		14,768,386		—		14,768,386
Sweden		—		20,820,961		—		20,820,961
Switzerland		—		56,929,885		—		56,929,885
United Kingdom*		26,330,025		111,349,591		—		137,679,616
Other*		4,112,358		53,878,617		—		57,990,975
Short-term investments		28,616,823		4,199,993		—		32,816,816
Total	$	59,059,206	$	651,321,608	$	—	$	710,380,814
Enhanced Large-Cap Growth Index
Consumer discretionary	$	172,439,584	$	—	$	—	$	172,439,584
Consumer staples		125,757,386		—		—		125,757,386
Energy		34,374,876		—		—		34,374,876
Financials		41,973,005		—		—		41,973,005
Health care		121,863,365		—		—		121,863,365
Industrials		111,195,506		—		—		111,195,506
Information technology		317,583,157		—		—		317,583,157
Materials		30,382,019		—		—		30,382,019
Telecommunication services		26,443,660		—		—		26,443,660
Short-term investments		3,132,587		7,199,989		—		10,332,576
Total	$	985,145,145	$	7,199,989	$	—	$	992,345,134

295

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

Enhanced Large-Cap Value Index
Consumer discretionary	$	94,435,305		$	970,343	$	—	$	95,405,648
Consumer staples		62,722,824			1,004,477		—		63,727,301
Energy		156,568,318			—		—		156,568,318
Financials		278,709,684			—		—		278,709,684
Health care		104,632,773			—		—		104,632,773
Industrials		74,364,349			—		—		74,364,349
Information technology		75,882,363			—		—		75,882,363
Materials		45,459,140			—		—		45,459,140
Telecommunication services		37,923,516			—		—		37,923,516
Utilities		68,673,638			—		—		68,673,638
Short-term investments		24,441,451			200,000		—		24,641,451
Written Options**		(10,710	)		—		—		(10,710	)
Total	$	1,023,802,651		$	2,174,820	$	—	$	1,025,977,471
Social Choice Equity
Consumer discretionary	$	141,531,923		$	—	$	—	$	141,531,923
Consumer staples		107,780,724			—		—		107,780,724
Energy		106,323,985			—		—		106,323,985
Financials		231,966,871			—		—		231,966,871
Health care		136,626,801			—		—		136,626,801
Industrials		135,908,311			—		—		135,908,311
Information technology		203,486,338			—		—		203,486,338
Materials		60,204,584			—		—		60,204,584
Telecommunication services		19,888,989			—		—		19,888,989
Utilities		59,269,106			—		—		59,269,106
Short-term investments		—			4,899,993		—		4,899,993
Total	$	1,202,987,632		$	4,899,993	$	—	$	1,207,887,625
Global Natural Resources
Australia	$	—		$	8,987,657	$	—	$	8,987,657
Brazil		—			4,564,672		—		4,564,672
Canada		—			16,783,528		—		16,783,528
India		—			5,915,202		—		5,915,202
Indonesia		—			7,699,379		—		7,699,379
Malaysia		—			4,412,572		—		4,412,572
Russia		—			5,852,622		—		5,852,622
South Africa		—			6,445,600		—		6,445,600
Switzerland		—			9,462,593		—		9,462,593
United Kingdom		—			20,569,124		—		20,569,124
United States		74,909,423			—		—		74,909,423
Other*		4,053,952			35,411,123		—		39,465,075
Short-term investments		—			4,099,994		—		4,099,994
Total	$	78,963,375		$	130,204,066	$	—	$	209,167,441

* Includes American Depositary Receipts.

** Derivatives instruments are not reflected in the schedule of investments.

296

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

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 variables. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.

Futures contracts: The Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds may use futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin payments are made or received reflecting daily 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, 2012, the Funds held the following open futures contracts:

Fund	Future	Number of contracts		Market value		Expiration date	Unrealized gain (loss)
Small-Cap Equity	Russell 2000 Mini Index		55	$	4,315,300	September 2012	$	58,466
Large-Cap Growth Index	S&P 500 E-Mini Index		163		11,202,990	September 2012		183,911
Large-Cap Value Index	S&P 500 E-Mini Index		42		2,886,660	September 2012		51,953
Equity Index	Russell 2000 Mini Index		11		863,060	September 2012		(7,686	)
	S&P Midcap 400 E-Mini Index		11		1,032,460	September 2012		5,825
	S&P 500 E-Mini Index		93		6,391,890	September 2012		143,506
			115		8,287,410			141,645
S&P 500 Index	S&P 500 E-Mini Index		2		137,460	September 2012		(445	)
Small-Cap Blend Index	Russell 2000 Mini Index		106		8,316,760	September 2012		(161,145	)
International Equity Index	MSCI EAFE E-Mini Index		275		19,588,250	September 2012		384,344

297

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

Options: The Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds use options contracts for hedging and cash management purposes and to seek to increase total return. Call and put options give the holder the right, in return for a premium paid, to purchase or sell, respectively, a security at a specified exercise price at any time during the period of the option. Premiums on unexercised, expired options are recorded as realized gains or losses; premiums on exercised options are recorded as an adjustment to the proceeds from the sale or cost of the purchase. The difference between the premium and the amount received or paid in a closing transaction is also treated as a realized gain or loss. Risks related to the use of options include possible illiquidity of the options markets, price movements in underlying security values, and losses from writing options can exceed the premium received and can exceed the potential loss ffrom an ordinary buy and sell transaction.

Written options outstanding as of July 31, 2012 were as follows:

Fund	Written Options Contracts		Value
Growth & Income
Anadarko Petroleum Corp., Call, 8/18/12 at $75		370	$	(21,460	)
Charter Communications, Inc., Call, 9/22/12 at $80		187		(36,465	)
Mead Johnson Nutrition Co., Call, 8/18/12 at $80		250		(4,000	)
Monster Beverage Corp., Call, 8/18/12 at $75		192		(16,320	)
Whole Foods Market Inc., Call, 9/22/12 at $100		152		(11,552	)
		1,151	$	(89,797	)
Enhanced Large-Cap Value Index
Cummins Inc.Call 8/18/2012 at $100		30	$	(3,000	)
Mead Johnson Nutrition Co. Call, 8/18/12 at $80		10		(160	)
Monster Beverage Corp., Call, 8/18/2012 at $75		60		(5,100	)
VMware Inc., Call, 8/18/12 at $100		50		(2,450	)
		150	$	(10,710	)

298

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

Note 4—affiliated investments

Companies in which a 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 atOctober 31, 2011		Purchasecost		Salesproceeds			Realizedgain(loss)		Dividendincome		Withholdingexpense		Shares atJuly 31, 2012			Value atJuly 31, 2012
International Equity Fund
Tecan Group AG.	$	51,000,118	$	—	$	(32,801,354	)	$	931,773	$	842,665	$	—		—	*	$	—
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	90,351,117		468,516,813		(405,044,298	)		—		1,945,139		—		153,823,632		$	153,823,632
	$	141,351,235	$	468,516,813	$	(437,845,652	)	$	931,773	$	2,787,804	$	—	$	153,823,632		$	153,823,632
Large-Cap Value Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	89,307,953	$	110,728,247	$	(85,895,535	)			$	450,837				114,140,665		$	114,140,665
Small-Cap Equity Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	111,865,116		59,935,803		(34,808,708	)		—		940,863		—		136,992,211			136,992,211
Equity Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	74,533,279		33,772,811		(6,951,473	)		—		1,409,294		—		101,354,617			101,354,617
Small-Cap Blend Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	110,612,367		46,885,614		(13,204,327	)		—		2,109,062		—		144,293,654			144,293,654
International Equity Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	260,107,300		202,063,530		(246,306,793	)		—		3,799,692		—		215,864,037			215,864,037

* Not an affiliate investment as of July 31, 2012

299

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

Note 5 – investments

Securities lending: Certain Funds may lend their securities to qualified institutional borrowers to earn additional income. A Fund receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan. Cash collateral received by a Fund will generally be invested in high-quality short-term instruments or in one or more funds maintained by the securities lending agent for the purpose of investing cash collateral. In lending its securities, a Fund bears the market risk with respect to the collateral investment as well as the securities loaned and also bears the risk that the counterparty may default on its obligations to the Fund.

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.

Net unrealized appreciation (depreciation): At July 31, 2012, 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	Cost		Gross unrealized appreciation		Gross unrealized depreciation			Net unrealized appreciation (depreciation)
Growth & Income	$	2,357,811,006	$	463,213,163	$	(33,863,242	)	$	429,349,921
International Equity		2,830,590,510		98,148,767		(279,662,398	)		(181,513,631	)
Emerging Markets Equity		537,034,592		42,215,755		(37,944,593	)		4,271,162
Large-Cap Growth		1,312,999,994		219,777,381		(11,620,910	)		208,156,471
Large-Cap Value		2,776,287,235		250,638,412		(218,498,855	)		32,139,557
Mid-Cap Growth		1,242,692,488		196,391,373		(44,482,859	)		151,908,514
Mid-Cap Value		2,791,531,989		502,785,979		(117,911,776	)		384,874,203
Small-Cap Equity		1,596,560,495		198,845,310		(63,296,522	)		135,548,788
Large-Cap Growth Index		920,269,227		210,841,556		(15,299,921	)		195,541,635
Large-Cap Value Index		1,185,001,504		114,531,265		(123,825,334	)		(9,294,069	)
Equity Index		3,361,666,212		730,232,907		(224,394,623	)		505,838,284
S&P 500 Index		1,325,867,740		324,233,940		(180,531,123	)		143,702,817
Small-Cap Blend Index		934,603,574		166,756,939		(115,600,181	)		51,156,758
International Equity Index		3,674,803,202		287,721,549		(522,391,481	)		(234,669,932	)
Emerging Markets Equity Index		263,859,588		20,931,287		(30,497,550	)		(9,566,263	)
Enhanced International Equity Index		716,343,169		45,020,262		(50,982,617	)		(5,962,355	)
Enhanced Large-Cap Growth Index		822,332,460		178,823,593		(8,810,919	)		170,012,674
Enhanced Large-Cap Value Index		890,022,814		158,903,859		(22,938,492	)		135,965,367
Social Choice Equity		1,068,784,313		205,110,479		(66,007,167	)		139,103,312
Global Natural Resources		209,976,253		9,829,146		(10,637,958	)		(808,812	)

300

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 17, 2012	By:	/s/ Roger W. Ferguson, Jr.
		Roger W. Ferguson, Jr.
		Principal Executive Officer and President

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

Date: September 17, 2012	By:	/s/ Roger W. Ferguson, Jr.
		Roger W. Ferguson, Jr.
		Principal Executive Officer and President
		(principal executive officer)
Date: September 17, 2012	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