EX-99.77Q1 OTHR EXHB 2 77q1e.txt EXPLANATORY STATEMENTS Agreement - Exhibit 11(t) to the CREF 5-1-10 Registration Statement filing An Amendment, dated May 1, 2010, was made to the January 2, 2008 Amended and Restated Investment Management Services Agreement between College Retirement Equities Fund (CREF) and TIAA-CREF Investment Management LLC (Management). The Amendment is incorporated herein by reference, filed with PEA # 44 to the CREF Registration Statement submitted to the Securities and Exchange Commission (SEC) on April 26, 2010, File No. 811-04415. Agreement - Exhibit 11(u) to the CREF 5-1-11 Registration Statement filing An Amendment, dated May 1, 2011, was made to the January 2, 2008 Amended and Restated Investment Management Services Agreement between CREF and Management. This Amendment is incorporated herein by reference, filed with PEA # 45 to the CREF Registration Statement submitted to the SEC on April 28, 2011, File No. 811-04415.