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. 811-08520

TIAA SEPARATE ACCOUNT VA-1

(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: December 31

Date of reporting period: March 31, 2013

Item 1. Schedule of Investments.

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

TIAA SEPARATE ACCOUNT VA-1

STOCK INDEX ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2013

SHARES		COMPANY	VALUE (000)
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 1.0%
3,241	*	American Axle & Manufacturing Holdings, Inc	$	44
5,331	*	BorgWarner, Inc		412
2,813		Cooper Tire & Rubber Co		72
7,200		Dana Holding Corp		128
15,470		Delphi Automotive plc		687
734		Dorman Products, Inc		27
1,013		Drew Industries, Inc		37
3,666	*	Exide Technologies		10
996	*	Federal Mogul Corp (Class A)		6
176,858		Ford Motor Co		2,326
735	*	Fuel Systems Solutions, Inc		12
36,464	*	General Motors Co		1,015
6,807		Gentex Corp		136
1,306	*	Gentherm, Inc		22
12,196	*	Goodyear Tire & Rubber Co		154
10,683		Harley-Davidson, Inc		570
32,143		Johnson Controls, Inc		1,127
4,466		Lear Corp		245
2,342	*	Modine Manufacturing Co		21
1,983		Spartan Motors, Inc		11
1,021		Standard Motor Products, Inc		28
1,336	*	Stoneridge, Inc		10
1,205		Superior Industries International, Inc		23
3,166	*	Tenneco, Inc		125
3,177	*,e	Tesla Motors, Inc		120
1,719		Thor Industries, Inc		63
312	*	Tower International, Inc		4
4,782	*	TRW Automotive Holdings Corp		263
2,234	*	Visteon Corp		129
1,507	*	Winnebago Industries, Inc		31
		TOTAL AUTOMOBILES & COMPONENTS		7,858
BANKS - 3.3%
810		1st Source Corp		19
1,172		1st United Bancorp, Inc		8
351		Access National Corp		6
374		American National Bankshares, Inc		8
1,244	*	Ameris Bancorp		18
387		Ames National Corp		8
586		Arrow Financial Corp		14
7,538		Associated Banc-Corp		114
4,208		Astoria Financial Corp		41
180		Bancfirst Corp		7
1,517		Banco Latinoamericano de Exportaciones S.A. (Class E)		38

1

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
4,426	e	Bancorpsouth, Inc	$	72
2,688		Bank Mutual Corp		15
1,854	e	Bank of Hawaii Corp		94
291		Bank of Kentucky Financial Corp		8
288		Bank of Marin Bancorp		12
1,276		Bank of the Ozarks, Inc		57
1,044		BankFinancial Corp		8
1,770		BankUnited		45
824		Banner Corp		26
194		Bar Harbor Bankshares		7
32,599		BB&T Corp		1,023
3,505		BBCN Bancorp, Inc		46
1,950	*	Beneficial Mutual Bancorp, Inc		20
1,072		Berkshire Hills Bancorp, Inc		27
384	*	BofI Holding, Inc		14
986		BOK Financial Corp		61
3,543		Boston Private Financial Holdings, Inc		35
354		Bridge Bancorp, Inc		8
475	*	Bridge Capital Holdings		7
3,533		Brookline Bancorp, Inc		32
397		Bryn Mawr Bank Corp		9
394	*	BSB Bancorp, Inc		5
159		C&F Financial Corp		7
460		Camden National Corp		15
582		Cape Bancorp, Inc		5
831	*,e	Capital City Bank Group, Inc		10
11,183		CapitalSource, Inc		108
7,090		Capitol Federal Financial		86
1,503		Cardinal Financial Corp		27
3,968		Cathay General Bancorp		80
645		Center Bancorp, Inc		8
1,148		Centerstate Banks of Florida, Inc		10
764	*	Central Pacific Financial Corp		12
152		Century Bancorp, Inc		5
1,616		Chemical Financial Corp		43
9,394	*	CIT Group, Inc		408
533		Citizens & Northern Corp		10
1,924	*	Citizens Republic Bancorp, Inc		43
923	e	City Holding Co		37
2,242		City National Corp		132
875		Clifton Savings Bancorp, Inc		11
498		CNB Financial Corp		8
1,740		CoBiz, Inc		14
2,091		Columbia Banking System, Inc		46
9,448		Comerica, Inc		340
3,451		Commerce Bancshares, Inc		141
1,740		Community Bank System, Inc		52
1,003		Community Trust Bancorp, Inc		34
2,461	e	Cullen/Frost Bankers, Inc		154
4,428		CVB Financial Corp		50
1,609		Dime Community Bancshares		23
6,269	*	Doral Financial Corp		4

2

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
860	*	Eagle Bancorp, Inc	$	19
6,966		East West Bancorp, Inc		179
301		Enterprise Bancorp, Inc		5
828		Enterprise Financial Services Corp		12
559		ESB Financial Corp		8
1,035		ESSA Bancorp, Inc		11
1,053		EverBank Financial Corp		16
892		Farmers National Banc Corp		6
399		Federal Agricultural Mortgage Corp (Class C)		12
43,303		Fifth Third Bancorp		706
664		Financial Institutions, Inc		13
720		First Bancorp (NC)		10
3,468	*,e	First Bancorp (Puerto Rico)		22
498		First Bancorp, Inc		9
3,831		First Busey Corp		18
1,046	*	First California Financial Group, Inc		9
147		First Citizens Bancshares, Inc (Class A)		27
4,700		First Commonwealth Financial Corp		35
680		First Community Bancshares, Inc		11
886		First Connecticut Bancorp		13
510		First Defiance Financial Corp		12
3,063		First Financial Bancorp		49
1,220	e	First Financial Bankshares, Inc		59
590		First Financial Corp		19
889		First Financial Holdings, Inc		19
814	*	First Financial Northwest, Inc		6
11,345		First Horizon National Corp		121
654		First Interstate Bancsystem, Inc		12
1,238		First Merchants Corp		19
3,929		First Midwest Bancorp, Inc		52
15,757		First Niagara Financial Group, Inc		140
288		First of Long Island Corp		9
412		First Pactrust Bancorp, Inc		5
4,959		First Republic Bank		192
5,568	e	FirstMerit Corp		92
1,645		Flushing Financial Corp		28
6,390		FNB Corp		77
449	*,e	FNB United Corp		4
752		Fox Chase Bancorp, Inc		13
689		Franklin Financial Corp		13
10,086		Fulton Financial Corp		118
602		German American Bancorp, Inc		14
3,468		Glacier Bancorp, Inc		66
500		Great Southern Bancorp, Inc		12
3,552	*	Guaranty Bancorp		7
3,706		Hancock Holding Co		115
1,525	*	Hanmi Financial Corp		24
928		Heartland Financial USA, Inc		23
1,007	*	Heritage Commerce Corp		7
534		Heritage Financial Corp		8
394		Heritage Financial Group		6
917	*	Heritage Oaks Bancorp		5

3

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
343	*	Home Bancorp, Inc	$	6
1,128		Home Bancshares, Inc		42
821		Home Federal Bancorp, Inc		11
649		Home Loan Servicing Solutions Ltd		15
444	*	HomeStreet, Inc		10
980	*	HomeTrust Bancshares, Inc		15
259		Horizon Bancorp		5
23,813		Hudson City Bancorp, Inc		206
754		Hudson Valley Holding Corp		11
40,200		Huntington Bancshares, Inc		297
1,370		IBERIABANK Corp		69
1,031	e	Independent Bank Corp		34
2,385		International Bancshares Corp		50
2,538		Investors Bancorp, Inc		48
1,441		Kearny Financial Corp		15
44,469		Keycorp		443
1,129		Lakeland Bancorp, Inc		11
734		Lakeland Financial Corp		20
5,893	e	M&T Bank Corp		608
731		MainSource Financial Group, Inc		10
2,798		MB Financial, Inc		68
410		Mercantile Bank Corp		7
273		Merchants Bancshares, Inc		8
249	*	Meridian Interstate Bancorp, Inc		5
759	*	MetroCorp Bancshares, Inc		8
9,426	*	MGIC Investment Corp		47
259		Middleburg Financial Corp		5
265		Midsouth Bancorp, Inc		4
334		MidWestOne Financial Group, Inc		8
357	e	National Bankshares, Inc		12
6,208		National Penn Bancshares, Inc		66
928	*,e	Nationstar Mortgage Holdings, Inc		34
2,336		NBT Bancorp, Inc		52
21,099	e	New York Community Bancorp, Inc		303
1,672		Northfield Bancorp, Inc		19
302		Northrim BanCorp, Inc		7
4,572		Northwest Bancshares, Inc		58
741		OceanFirst Financial Corp		11
5,213	*	Ocwen Financial Corp		198
3,801		Old National Bancorp		52
700	*	OmniAmerican Bancorp, Inc		18
2,272	e	Oriental Financial Group, Inc		35
2,816		Oritani Financial Corp		44
991		Pacific Continental Corp		11
1,486		PacWest Bancorp		43
688	e	Park National Corp		48
1,481	*	Park Sterling Bank		8
420		Peapack Gladstone Financial Corp		6
221		Penns Woods Bancorp, Inc		9
720	*	Pennsylvania Commerce Bancorp, Inc		12
595		Peoples Bancorp, Inc		13
312		Peoples Federal Bancshares, Inc		6

4

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
14,730		People’s United Financial, Inc	$	198
1,766	*	Pinnacle Financial Partners, Inc		41
24,812		PNC Financial Services Group, Inc		1,650
4,451	*	Popular, Inc		123
564	*	Preferred Bank		9
3,026		PrivateBancorp, Inc		57
2,068		Prosperity Bancshares, Inc		98
446		Provident Financial Holdings, Inc		8
3,163		Provident Financial Services, Inc		48
2,753		Provident New York Bancorp		25
5,521	e	Radian Group, Inc		59
66,171		Regions Financial Corp		542
1,026		Renasant Corp		23
612	e	Republic Bancorp, Inc (Class A)		14
1,513		Rockville Financial, Inc		20
629		Roma Financial Corp		10
1,211		S&T Bancorp, Inc		22
615		S.Y. Bancorp, Inc		14
1,250		Sandy Spring Bancorp, Inc		25
728	e	SCBT Financial Corp		37
3,679	*	Seacoast Banking Corp of Florida		8
503		SI Financial Group, Inc		6
370		Sierra Bancorp		5
2,150	*	Signature Bank		169
905		Simmons First National Corp (Class A)		23
463		Simplicity Bancorp, Inc		7
917	e	Southside Bancshares, Inc		19
740	*	Southwest Bancorp, Inc		9
1,614		State Bank & Trust Co		26
1,347		StellarOne Corp		22
1,199		Sterling Bancorp		12
1,362		Sterling Financial Corp		30
513	*	Suffolk Bancorp		7
1,927	*	Sun Bancorp, Inc		7
25,048		SunTrust Banks, Inc		722
9,404		Susquehanna Bancshares, Inc		117
2,032	*	SVB Financial Group		144
38,163		Synovus Financial Corp		106
607	*	Taylor Capital Group, Inc		10
8,057		TCF Financial Corp		121
700		Territorial Bancorp, Inc		17
1,877	*	Texas Capital Bancshares, Inc		76
2,528	*	TFS Financial Corp		27
1,165	*	The Bancorp, Inc		16
429		Tompkins Trustco, Inc		18
1,255	e	TowneBank		19
726		Trico Bancshares		12
5,202		Trustco Bank Corp NY		29
3,370		Trustmark Corp		84
1,489		UMB Financial Corp		73
5,809		Umpqua Holdings Corp		77
814		Union Bankshares Corp		16

5

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
2,414	e	United Bankshares, Inc	$	64
2,012	*	United Community Banks, Inc		23
1,056		United Financial Bancorp, Inc		16
792		Univest Corp of Pennsylvania		14
88,485		US Bancorp		3,002
9,564	e	Valley National Bancorp		98
1,734		ViewPoint Financial Group		35
1,010	*	Virginia Commerce Bancorp		14
568	*	Walker & Dunlop, Inc		10
835		Washington Banking Co		12
4,425		Washington Federal, Inc		77
881		Washington Trust Bancorp, Inc		24
3,466		Webster Financial Corp		84
229,238		Wells Fargo & Co		8,480
1,213		WesBanco, Inc		29
997		West Bancorporation, Inc		11
992		West Coast Bancorp		24
1,286		Westamerica Bancorporation		58
3,132	*	Western Alliance Bancorp		43
1,313		Westfield Financial, Inc		10
2,922	*	Wilshire Bancorp, Inc		20
1,580		Wintrust Financial Corp		59
320		WSFS Financial Corp		16
8,939		Zions Bancorporation		223
		TOTAL BANKS		26,976
CAPITAL GOODS - 8.2%
32,557		3M Co		3,461
1,795		A.O. Smith Corp		132
851		Aaon, Inc		23
2,061		AAR Corp		38
2,045	*,e	Accuride Corp		11
1,483		Aceto Corp		16
2,862		Actuant Corp (Class A)		88
2,053		Acuity Brands, Inc		142
4,649	*	Aecom Technology Corp		153
1,981	*	Aegion Corp		46
831	*	Aerovironment, Inc		15
4,488		AGCO Corp		234
3,284		Air Lease Corp		96
2,801		Aircastle Ltd		38
374		Alamo Group, Inc		14
1,443		Albany International Corp (Class A)		42
1,338		Alliant Techsystems, Inc		97
1,557		Altra Holdings, Inc		42
909	*	Ameresco, Inc		7
569		American Railcar Industries, Inc		27
373		American Science & Engineering, Inc		23
2,155	*,e	American Superconductor Corp		6
475	*	American Woodmark Corp		16
11,155		Ametek, Inc		484
475		Ampco-Pittsburgh Corp		9

6

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,541	*,e	API Technologies Corp	$	4
1,479		Apogee Enterprises, Inc		43
1,694		Applied Industrial Technologies, Inc		76
420		Argan, Inc		6
988		Armstrong World Industries, Inc		55
861	*	ArvinMeritor, Inc		4
534		Astec Industries, Inc		19
525	*	Astronics Corp		16
78	*	Astronics Corp (Class B)		2
1,446		AZZ, Inc		70
5,372		Babcock & Wilcox Co		153
2,603		Barnes Group, Inc		75
4,584	*	BE Aerospace, Inc		276
2,000	*	Beacon Roofing Supply, Inc		77
2,316		Belden CDT, Inc		120
2,508	*	Blount International, Inc		34
35,310		Boeing Co		3,031
2,394		Brady Corp (Class A)		80
2,463		Briggs & Stratton Corp		61
2,524	*	Builders FirstSource, Inc		15
531	*	CAI International, Inc		15
12,740	*,e	Capstone Turbine Corp		11
3,097		Carlisle Cos, Inc		210
30,483		Caterpillar, Inc		2,651
1,453	*	Chart Industries, Inc		116
5,216		Chicago Bridge & Iron Co NV		324
839		CIRCOR International, Inc		36
2,139		Clarcor, Inc		112
1,332		CNH Global NV		55
428		Coleman Cable, Inc		6
2,110	*	Colfax Corp		98
1,162	*	Columbus McKinnon Corp		22
2,009		Comfort Systems USA, Inc		28
1,268	*	Commercial Vehicle Group, Inc		10
2,466		Crane Co		138
828		Cubic Corp		35
9,026		Cummins, Inc		1,045
1,833		Curtiss-Wright Corp		64
27,292		Danaher Corp		1,696
18,545		Deere & Co		1,595
2,604	*	DigitalGlobe, Inc		75
6,818		Donaldson Co, Inc		247
932		Douglas Dynamics, Inc		13
8,646		Dover Corp		630
430	*	DXP Enterprises, Inc		32
1,870	*	Dycom Industries, Inc		37
757		Dynamic Materials Corp		13
21,462		Eaton Corp		1,315
758	*	Edgen Group, Inc		6
2,932		EMCOR Group, Inc		124
34,563		Emerson Electric Co		1,931

7

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
840		Encore Wire Corp	$	29
1,511	*	Energy Recovery, Inc		6
2,332	*	EnerSys		106
788	*	Engility Holdings, Inc		19
908	*,e	EnPro Industries, Inc		46
1,380		ESCO Technologies, Inc		56
1,554	*	Esterline Technologies Corp		118
9,057		Exelis, Inc		99
13,771		Fastenal Co		707
3,085	*	Federal Signal Corp		25
2,307	*	Flow International Corp		9
2,314		Flowserve Corp		388
7,931		Fluor Corp		526
7,238	*	Fortune Brands Home & Security, Inc		271
1,796		Franklin Electric Co, Inc		60
635		Freightcar America, Inc		14
4,152	*,e	FuelCell Energy, Inc		4
2,145	*	Furmanite Corp		14
2,430		Gardner Denver, Inc		183
2,370		GATX Corp		123
2,932	*,e	GenCorp, Inc		39
1,246	e	Generac Holdings, Inc		44
2,068	*	General Cable Corp		76
14,738		General Dynamics Corp		1,039
495,879		General Electric Co		11,465
1,633	*	Gibraltar Industries, Inc		30
809		Global Power Equipment Group, Inc		14
795		Gorman-Rupp Co		24
2,939		Graco, Inc		171
4,898	*,e	GrafTech International Ltd		38
604		Graham Corp		15
1,832		Granite Construction, Inc		58
3,079		Great Lakes Dredge & Dock Corp		21
869	*	Greenbrier Cos, Inc		20
2,356		Griffon Corp		28
1,293		H&E Equipment Services, Inc		26
534		Hardinge, Inc		7
4,082		Harsco Corp		101
2,240		Heico Corp		97
4,837	*	Hexcel Corp		140
36,382		Honeywell International, Inc		2,741
800		Houston Wire & Cable Co		10
2,806		Hubbell, Inc (Class B)		273
2,459		Huntington Ingalls		131
316	*	Hurco Cos, Inc		9
542		Hyster-Yale Materials Handling, Inc		31
4,026		IDEX Corp		215
2,800	*	II-VI, Inc		48
18,872		Illinois Tool Works, Inc		1,150
14,104		Ingersoll-Rand plc		776
916		Insteel Industries, Inc		15
4,471		ITT Corp		127

8

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
6,034	*	Jacobs Engineering Group, Inc	$	339
1,665		John Bean Technologies Corp		35
4,866		Joy Global, Inc		290
208	*	Kadant, Inc		5
1,371		Kaman Corp		49
1,677		Kaydon Corp		43
6,842		KBR, Inc		220
3,920		Kennametal, Inc		153
953	*,e	KEYW Holding Corp		15
1,860	*	Kratos Defense & Security Solutions, Inc		9
4,551		L-3 Communications Holdings, Inc		368
990	*	Layne Christensen Co		21
659		LB Foster Co (Class A)		29
2,159		Lennox International, Inc		137
3,889		Lincoln Electric Holdings, Inc		211
623		Lindsay Manufacturing Co		55
533	*	LMI Aerospace, Inc		11
12,229		Lockheed Martin Corp		1,180
1,293		LSI Industries, Inc		9
853	*	Lydall, Inc		13
6,443		Manitowoc Co, Inc		132
17,530		Masco Corp		355
2,813	*	Mastec, Inc		82
901		Met-Pro Corp		9
445		Michael Baker Corp		11
947	*	Middleby Corp		144
614		Miller Industries, Inc		10
1,850	*	Moog, Inc (Class A)		85
2,027		MSC Industrial Direct Co (Class A)		174
935		Mueller Industries, Inc		50
8,122		Mueller Water Products, Inc (Class A)		48
881	*	MYR Group, Inc		22
206		National Presto Industries, Inc		17
2,730	*,e	Navistar International Corp		94
926	*	NCI Building Systems, Inc		16
822	*	NN, Inc		8
3,046		Nordson Corp		201
383	*	Nortek, Inc		27
11,665		Northrop Grumman Corp		818
625	*	Northwest Pipe Co		18
1,865	*	Orbital Sciences Corp		31
1,499	*	Orion Marine Group, Inc		15
4,565	*	Oshkosh Truck Corp		194
5,833	*	Owens Corning, Inc		230
16,883		Paccar, Inc		854
5,402		Pall Corp		369
7,125		Parker Hannifin Corp		653
9,786		Pentair Ltd		516
1,399	*	Perini Corp		27
1,025		Pike Electric Corp		15
762	*	PMFG, Inc		5
2,263	*,e	Polypore International, Inc		91

9

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
458	*	Powell Industries, Inc	$	24
6,830		Precision Castparts Corp		1,295
96		Preformed Line Products Co		7
1,320		Primoris Services Corp		29
244	*	Proto Labs, Inc		12
1,987		Quanex Building Products Corp		32
9,586	*	Quanta Services, Inc		274
1,726		Raven Industries, Inc		58
15,461		Raytheon Co		909
1,025	*	RBC Bearings, Inc		52
1,883		Regal-Beloit Corp		154
1,385	*	Rexnord Corp		29
6,733		Rockwell Automation, Inc		581
6,442		Rockwell Collins, Inc		407
4,560		Roper Industries, Inc		581
1,703	*	Rush Enterprises, Inc (Class A)		41
559		Sauer-Danfoss, Inc		33
576		SeaCube Container Leasing Ltd		13
1,742		Simpson Manufacturing Co, Inc		53
2,633		Snap-On, Inc		218
5,621	*	Spirit Aerosystems Holdings, Inc (Class A)		107
2,461		SPX Corp		194
616		Standex International Corp		34
7,920		Stanley Works		641
701	*	Sterling Construction Co, Inc		8
1,027		Sun Hydraulics Corp		33
1,019		TAL International Group, Inc		46
1,988	*	Taser International, Inc		16
1,622	*	Teledyne Technologies, Inc		127
1,004		Tennant Co		49
5,365	*	Terex Corp		185
590	e	Textainer Group Holdings Ltd		23
13,409		Textron, Inc		400
728	*	Thermon Group Holdings		16
4,280		Timken Co		242
2,128	e	Titan International, Inc		45
784	*,e	Titan Machinery, Inc		22
2,682		Toro Co		124
2,372		TransDigm Group, Inc		363
714	*	Trex Co, Inc		35
1,579	*	Trimas Corp		51
3,579		Trinity Industries, Inc		162
2,423		Triumph Group, Inc		190
562	e	Twin Disc, Inc		14
4,555	*,e	United Rentals, Inc		250
42,604		United Technologies Corp		3,981
979		Universal Forest Products, Inc		39
3,231		URS Corp		153
3,497	*,e	USG Corp		92
1,134		Valmont Industries, Inc		178
1,023		Vicor Corp		5
2,705		W.W. Grainger, Inc		609

10

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
926	*	Wabash National Corp	$	9
3,136	*	WABCO Holdings, Inc		221
1,468		Watsco, Inc		124
1,103		Watts Water Technologies, Inc (Class A)		53
2,122	*,e	WESCO International, Inc		154
2,251		Westinghouse Air Brake Technologies Corp		230
3,365		Woodward Governor Co		134
8,729		Xylem, Inc		241
		TOTAL CAPITAL GOODS		66,864
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
2,600		ABM Industries, Inc		58
2,406	*	Acacia Research (Acacia Technologies)		73
5,555	*	ACCO Brands Corp		37
828	e	Acorn Energy, Inc		6
1,159		Administaff, Inc		33
10,987		ADT Corp		538
1,661	*	Advisory Board Co		87
928		American Ecology Corp		25
2,166	*	ARC Document Solutions, Inc		6
508	*	AT Cross Co		7
5,027		Avery Dennison Corp		217
383		Barrett Business Services, Inc		20
1,863		Brink’s Co		53
1,375	*	Casella Waste Systems, Inc (Class A)		6
2,695	*,e	CBIZ, Inc		17
669		CDI Corp		12
3,345	*,e	Cenveo, Inc		7
4,640		Cintas Corp		205
2,372	*	Clean Harbors, Inc		138
493	*	Consolidated Graphics, Inc		19
5,437	*,e	Coolbrands International, Inc		7
4,410	*	Copart, Inc		151
1,551		Corporate Executive Board Co		90
4,833		Corrections Corp of America		189
594		Courier Corp		9
4,991	e	Covanta Holding Corp		101
717	*	CRA International, Inc		16
2,529		Deluxe Corp		105
1,664	*	Dolan Media Co		4
2,130	e	Dun & Bradstreet Corp		178
4,206	*	EnergySolutions, Inc		16
1,037	*	EnerNOC, Inc		18
1,357		Ennis, Inc		20
5,587		Equifax, Inc		322
641		Exponent, Inc		35
691	*	Franklin Covey Co		10
2,087	*	FTI Consulting, Inc		79
989		G & K Services, Inc (Class A)		45
3,325		Geo Group, Inc		125
645	*	GP Strategies Corp		15
3,373		Healthcare Services Group		86

11

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
943		Heidrick & Struggles International, Inc	$	14
218	*,e	Heritage-Crystal Clean, Inc		3
2,267		Herman Miller, Inc		63
1,422	*	Hill International, Inc		4
2,339		HNI Corp		83
1,656	*	Hudson Highland Group, Inc		7
1,154	*	Huron Consulting Group, Inc		47
892	*	ICF International, Inc		24
5,063	*	ICO Global Communications Holdings Ltd		8
2,333	*	IHS, Inc (Class A)		244
1,402	*,e	Innerworkings, Inc		21
2,666		Interface, Inc		51
462	e	Intersections, Inc		4
8,146		Iron Mountain, Inc		296
1,460		KAR Auction Services, Inc		29
1,394		Kelly Services, Inc (Class A)		26
1,380		Kforce, Inc		23
1,737		Kimball International, Inc (Class B)		16
2,470		Knoll, Inc		45
2,433	*	Korn/Ferry International		43
3,935		Manpower, Inc		223
1,316		McGrath RentCorp		41
1,459	*	Metalico, Inc		2
1,391		Mine Safety Appliances Co		69
757	*	Mistras Group, Inc		18
1,600	*	Mobile Mini, Inc		47
514		Multi-Color Corp		13
2,873	*	Navigant Consulting, Inc		38
5,912		Nielsen Holdings NV		212
563		NL Industries, Inc		7
3,322	*,e	Odyssey Marine Exploration, Inc		11
2,101	*	On Assignment, Inc		53
8,271	e	Pitney Bowes, Inc		123
891	e	Quad		21
9,054	e	R.R. Donnelley & Sons Co		109
14,205		Republic Services, Inc		469
2,774		Resources Connection, Inc		35
6,958		Robert Half International, Inc		261
2,589		Rollins, Inc		64
489	*	RPX Corp		7
977		Schawk, Inc (Class A)		11
672	*	Standard Parking Corp		14
3,734		Steelcase, Inc (Class A)		55
3,985	*	Stericycle, Inc		423
1,110	*	Team, Inc		46
3,077	*	Tetra Tech, Inc		94
648	*	TMS International Corp		9
2,955		Towers Watson & Co		205
896	*	TRC Cos, Inc		6
1,954	*	TrueBlue, Inc		41
21,974		Tyco International Ltd		703
664		Unifirst Corp		60

12

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,976		United Stationers, Inc	$	76
6,822	*	Verisk Analytics, Inc		420
1,084		Viad Corp		30
205		VSE Corp		5
295	*	WageWorks, Inc		7
5,431		Waste Connections, Inc		195
21,659		Waste Management, Inc		849
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES		9,308
CONSUMER DURABLES & APPAREL - 1.5%
1,931		American Greetings Corp (Class A)		31
653	*	Arctic Cat, Inc		29
562		Bassett Furniture Industries, Inc		9
970	*,e	Beazer Homes USA, Inc		15
499	e	Blyth, Inc		9
4,339		Brunswick Corp		148
3,430		Callaway Golf Co		23
2,193	*	Carter’s, Inc		126
379	*	Cavco Industries, Inc		18
442		Cherokee, Inc		6
715	*	Clarus Corp		6
13,689		Coach, Inc		684
562	e	Columbia Sportswear Co		33
4,300	*	CROCS, Inc		64
269		CSS Industries, Inc		7
1,373	*,e	Deckers Outdoor Corp		76
351	*	Delta Apparel, Inc		6
13,501		DR Horton, Inc		328
1,299	e	Ethan Allen Interiors, Inc		43
5,284	*	Fifth & Pacific Cos, Inc		100
2,570	*	Fossil, Inc		248
5,292	*	Garmin Ltd		175
811	*	G-III Apparel Group Ltd		33
4,488	*	Hanesbrands, Inc		204
3,541		Harman International Industries, Inc		158
5,210	e	Hasbro, Inc		229
1,630	*	Helen of Troy Ltd		63
500		Hooker Furniture Corp		8
4,761	*,e	Hovnanian Enterprises, Inc (Class A)		27
2,931	*	Iconix Brand Group, Inc		76
1,204	*,e	iRobot Corp		31
816	e	Jakks Pacific, Inc		9
5,413	*	Jarden Corp		232
232	*	Johnson Outdoors, Inc		6
4,415		Jones Apparel Group, Inc		56
4,044	e	KB Home		88
1,430	*	K-Swiss, Inc (Class A)		7
2,552		La-Z-Boy, Inc		48
1,909	*,e	Leapfrog Enterprises, Inc		16
6,795		Leggett & Platt, Inc		230
7,949	e	Lennar Corp (Class A)		330
847	*	Libbey, Inc		16

13

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
362		Lifetime Brands, Inc	$	4
862	*,e	M/I Homes, Inc		21
1,202	*	Maidenform Brands, Inc		21
1,066		Marine Products Corp		8
16,059		Mattel, Inc		703
1,887		MDC Holdings, Inc		69
1,184	*	Meritage Homes Corp		55
4,127	*	Michael Kors Holdings Ltd		234
2,686	*	Mohawk Industries, Inc		304
817		Movado Group, Inc		27
271		Nacco Industries, Inc (Class A)		14
13,250		Newell Rubbermaid, Inc		346
33,732		Nike, Inc (Class B)		1,991
233	*	NVR, Inc		252
733		Oxford Industries, Inc		39
804		Perry Ellis International, Inc		15
3,777		Phillips-Van Heusen Corp		403
3,100		Polaris Industries, Inc		287
2,301		Pool Corp		110
16,595	*	Pulte Homes, Inc		336
4,401	*	Quiksilver, Inc		27
2,859		Ralph Lauren Corp		484
444		RG Barry Corp		6
2,334	e	Ryland Group, Inc		97
1,898	*	Skechers U.S.A., Inc (Class A)		40
796	*,e	Skullcandy, Inc		4
2,979	*,e	Smith & Wesson Holding Corp		27
5,166	*,e	Standard-Pacific Corp		45
288	*	Steinway Musical Instruments, Inc		7
1,788	*	Steven Madden Ltd		77
957	e	Sturm Ruger & Co, Inc		49
2,638	*	Tempur-Pedic International, Inc		131
6,926	*	Toll Brothers, Inc		237
1,435		True Religion Apparel, Inc		37
1,038	*	Tumi Holdings, Inc		22
2,713		Tupperware Corp		222
3,728	*	Under Armour, Inc (Class A)		191
489	*	Unifi, Inc		9
787	*	Universal Electronics, Inc		18
1,001	*,e	Vera Bradley, Inc		24
4,128		VF Corp		692
378		Weyco Group, Inc		9
3,614		Whirlpool Corp		428
2,109	e	Wolverine World Wide, Inc		94
1,005	*,e	Zagg, Inc		7
		TOTAL CONSUMER DURABLES & APPAREL		12,274
CONSUMER SERVICES - 2.2%
1,322	*	AFC Enterprises		48
960	*,e	American Public Education, Inc		34
1,644		Ameristar Casinos, Inc		43
4,416	*	Apollo Group, Inc (Class A)		77

14

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
692	*	Ascent Media Corp (Series A)	$	52
1,860	*	Bally Technologies, Inc		97
1,195	*	BJ’s Restaurants, Inc		40
1,070	*	Bloomin’ Brands, Inc		19
1,424		Bob Evans Farms, Inc		61
2,708	*,e	Boyd Gaming Corp		22
987	*	Bravo Brio Restaurant Group, Inc		16
910	*	Bridgepoint Education, Inc		9
3,620		Brinker International, Inc		136
937	*	Buffalo Wild Wings, Inc		82
1,990	*,e	Caesars Entertainment Corp		32
428	*	Capella Education Co		13
3,103	*	Career Education Corp		7
19,591		Carnival Corp		672
620	*	Carrols Restaurant Group, Inc		3
929		CBRL Group, Inc		75
1,153		CEC Entertainment, Inc		38
2,494		Cheesecake Factory		96
1,475	*	Chipotle Mexican Grill, Inc (Class A)		481
1,471	e	Choice Hotels International, Inc		62
533		Churchill Downs, Inc		37
1,574	*,e	Coinstar, Inc		92
4,659	*,e	Corinthian Colleges, Inc		10
5,864		Darden Restaurants, Inc		303
4,746	*	Denny’s Corp		27
2,602		DeVry, Inc		83
740		DineEquity, Inc		51
2,824		Domino’s Pizza, Inc		145
3,170		Dunkin Brands Group, Inc		117
1,956	*,e	Education Management Corp		7
289		Einstein Noah Restaurant Group, Inc		4
620	*	Fiesta Restaurant Group, Inc		16
1,932	*	Grand Canyon Education, Inc		49
13,072		H&R Block, Inc		385
2,578		Hillenbrand, Inc		65
2,201	*	Hyatt Hotels Corp		95
309	*	Ignite Restaurant Group, Inc		5
12,691		International Game Technology		209
903		International Speedway Corp (Class A)		30
1,901		Interval Leisure Group, Inc		41
1,142	*	Isle of Capri Casinos, Inc		7
774	*,e	ITT Educational Services, Inc		11
1,654	*	Jack in the Box, Inc		57
3,249	*,e	Jamba, Inc		9
1,265	*,e	K12, Inc		31
2,917	*	Krispy Kreme Doughnuts, Inc		42
18,901		Las Vegas Sands Corp		1,065
2,155	*	Life Time Fitness, Inc		92
870		Lincoln Educational Services Corp		5
977	*	Luby’s, Inc		7
638		Mac-Gray Corp		8
1,242		Marcus Corp		16

15

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
11,954		Marriott International, Inc (Class A)	$	505
1,390	*	Marriott Vacations Worldwide Corp		60
1,362		Matthews International Corp (Class A)		48
47,519		McDonald’s Corp		4,737
17,994	*	MGM Mirage		237
604	*	Monarch Casino & Resort, Inc		6
1,158	*	Morgans Hotel Group Co		7
1,097	*	MTR Gaming Group, Inc		4
1,276	*	Multimedia Games, Inc		27
386		National American University Holdings, Inc		2
1,490	*	Norwegian Cruise Line Holdings Ltd		44
4,684	*	Orient-Express Hotels Ltd (Class A)		46
1,338	*	Panera Bread Co (Class A)		221
717	*	Papa John’s International, Inc		44
3,077	*	Penn National Gaming, Inc		167
3,407	*	Pinnacle Entertainment, Inc		50
490	*	Red Lion Hotels Corp		4
666	*	Red Robin Gourmet Burgers, Inc		30
2,615	e	Regis Corp		48
7,326		Royal Caribbean Cruises Ltd		243
3,070	*	Ruby Tuesday, Inc		23
1,588	*	Ruth’s Chris Steak House, Inc		15
2,868	*	Scientific Games Corp (Class A)		25
10,550		Service Corp International		177
2,802	*	SHFL Entertainment, Inc		46
1,933		Six Flags Entertainment Corp		140
3,411	*	Sonic Corp		44
3,299		Sotheby’s (Class A)		123
581		Speedway Motorsports, Inc		10
35,386		Starbucks Corp		2,016
9,257		Starwood Hotels & Resorts Worldwide, Inc		590
60	*	Steak N Shake Co		22
636	*	Steiner Leisure Ltd		31
4,084		Stewart Enterprises, Inc (Class A)		38
605	e	Strayer Education, Inc		29
3,228		Texas Roadhouse, Inc (Class A)		65
1,064		Town Sports International Holdings, Inc		10
1,028		Universal Technical Institute, Inc		13
1,746		Vail Resorts, Inc		109
1,296	e	Weight Watchers International, Inc		55
15,922	e	Wendy’s		90
2,067	*	WMS Industries, Inc		52
6,722		Wyndham Worldwide Corp		433
3,741		Wynn Resorts Ltd		468
21,451		Yum! Brands, Inc		1,543
		TOTAL CONSUMER SERVICES		18,033
DIVERSIFIED FINANCIALS - 6.3%
2,494	*	Affiliated Managers Group, Inc		383
15,987	*	American Capital Ltd		233
46,769		American Express Co		3,155
9,589		Ameriprise Financial, Inc		706

16

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
9,666		Apollo Investment Corp	$	81
10,764		Ares Capital Corp		195
1,707		Artio Global Investors, Inc		5
818	*	Asset Acceptance Capital Corp		6
504,020		Bank of America Corp		6,139
55,944		Bank of New York Mellon Corp		1,566
4,832		BGC Partners, Inc (Class A)		20
2,986		BlackRock Kelso Capital Corp		30
5,984		BlackRock, Inc		1,537
1,288		Calamos Asset Management, Inc (Class A)		15
27,086		Capital One Financial Corp		1,488
147		Capital Southwest Corp		17
1,482		Cash America International, Inc		78
4,253		CBOE Holdings, Inc		157
52,189		Charles Schwab Corp		923
137,157		Citigroup, Inc		6,068
15,750		CME Group, Inc		967
1,086	e	Cohen & Steers, Inc		39
5,330	*	Cowen Group, Inc		15
296	*	Credit Acceptance Corp		36
118		Diamond Hill Investment Group, Inc		9
23,340		Discover Financial Services		1,047
2,202	*	Dollar Financial Corp		37
1,551		Duff & Phelps Corp		24
13,858	*	E*Trade Financial Corp		148
5,610		Eaton Vance Corp		235
1,077	*,e	Encore Capital Group, Inc		32
1,394		Evercore Partners, Inc (Class A)		58
2,322	*	Ezcorp, Inc (Class A)		49
673	*	FBR & Co		13
4,555	e	Federated Investors, Inc (Class B)		108
451		Fidus Investment Corp		9
4,013	*	Fifth Street Finance Corp		44
2,248		Financial Engines, Inc		81
1,340	*	First Cash Financial Services, Inc		78
3,742	*,e	First Marblehead Corp		4
6,467		Franklin Resources, Inc		975
352		Friedman Billings Ramsey Group, Inc (Class A)		9
950		FXCM, Inc		13
349		GAMCO Investors, Inc (Class A)		19
3,928		GFI Group, Inc		13
1,256		Gladstone Capital Corp		12
1,326		Gladstone Investment Corp		10
21,781		Goldman Sachs Group, Inc		3,205
674	e	Golub Capital BDC, Inc		11
1,122	*,e	Green Dot Corp		19
1,492		Greenhill & Co, Inc		80
918	*	GSV Capital Corp		8
1,395	*	Harris & Harris Group, Inc		5
2,227		Hercules Technology Growth Capital, Inc		27
1,489		HFF, Inc (Class A)		30
2,025		Interactive Brokers Group, Inc (Class A)		30

17

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
3,597	*	IntercontinentalExchange, Inc	$	587
675	*	International Assets Holding Corp		12
1,945	*	Internet Capital Group, Inc		24
21,108		Invesco Ltd		611
1,857	*	Investment Technology Group, Inc		20
14,290	e	iShares Russell 3000 Index Fund		1,336
9,425	e	Janus Capital Group, Inc		89
822		JMP Group, Inc		6
178,124		JPMorgan Chase & Co		8,454
1,010	e	KCAP Financial, Inc		11
2,500	*	Knight Capital Group, Inc (Class A)		9
5,033	*	Ladenburg Thalmann Financial Services, Inc		8
5,598		Lazard Ltd (Class A)		191
6,879	e	Legg Mason, Inc		221
14,028		Leucadia National Corp		385
2,452		LPL Financial Holdings, Inc		79
1,017		Main Street Capital Corp		33
671		Manning & Napier, Inc		11
1,771		MarketAxess Holdings, Inc		66
418		Marlin Business Services Corp		10
3,668		MCG Capital Corp		18
872		Medallion Financial Corp		12
594		Medley Capital Corp		9
9,025		Moody’s Corp		481
71,813		Morgan Stanley		1,578
5,906	*	MSCI, Inc (Class A)		200
1,507		MVC Capital, Inc		19
5,655		Nasdaq Stock Market, Inc		183
1,305		Nelnet, Inc (Class A)		44
1,400	*	Netspend Holdings, Inc		22
354		New Mountain Finance Corp		5
959	*	NewStar Financial, Inc		13
1,181		NGP Capital Resources Co		8
489		Nicholas Financial, Inc		7
10,153		Northern Trust Corp		554
12,331		NYSE Euronext		476
448		Oppenheimer Holdings, Inc		9
2,314		PennantPark Investment Corp		26
2,946	*,e	PHH Corp		65
1,198	*	Pico Holdings, Inc		27
935	*	Piper Jaffray Cos		32
832	*	Portfolio Recovery Associates, Inc		106
5,897		Prospect Capital Corp		64
5,235		Raymond James Financial, Inc		241
1,299	*	Safeguard Scientifics, Inc		21
6,909		SEI Investments Co		199
21,802		SLM Corp		446
305		Solar Capital Ltd		7
375		Solar Senior Capital Ltd		7
8,600		SPDR Trust Series 1		1,346
21,298		State Street Corp		1,258
3,142	*	Stifel Financial Corp		109

18

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,726	*	SWS Group, Inc	$	10
12,394		T Rowe Price Group, Inc		928
11,051		TD Ameritrade Holding Corp		228
456		THL Credit, Inc		7
1,849		TICC Capital Corp		18
1,314		Triangle Capital Corp		37
164	*	Virtus Investment Partners, Inc		31
4,202		Waddell & Reed Financial, Inc (Class A)		184
1,146		Walter Investment Management Corp		43
322		Westwood Holdings Group, Inc		14
2,862	*	WisdomTree Investments, Inc		30
538	*,e	World Acceptance Corp		46
		TOTAL DIVERSIFIED FINANCIALS		51,632
ENERGY - 9.9%
4,200	*,e	Abraxas Petroleum Corp		10
783		Alon USA Energy, Inc		15
8,501	*	Alpha Natural Resources, Inc		70
885	*,e	Amyris Biotechnologies, Inc		3
23,483		Anadarko Petroleum Corp		2,054
18,342		Apache Corp		1,415
460		APCO Argentina, Inc		6
1,397	*,e	Approach Resources, Inc		34
9,903	e	Arch Coal, Inc		54
2,862	*	Atwood Oceanics, Inc		150
20,366		Baker Hughes, Inc		945
1,205	*,e	Basic Energy Services, Inc		16
2,676		Berry Petroleum Co (Class A)		124
2,422	*,e	Bill Barrett Corp		49
411		Bolt Technology Corp		7
478	*	Bonanza Creek Energy, Inc		18
4,811	*,e	BPZ Energy, Inc		11
1,671		Bristow Group, Inc		110
2,159	*,e	C&J Energy Services, Inc		49
9,938		Cabot Oil & Gas Corp		672
4,578	*,e	Cal Dive International, Inc		8
1,294	*	Callon Petroleum Co		5
11,412	*	Cameron International Corp		744
971	e	CARBO Ceramics, Inc		88
1,963	*	Carrizo Oil & Gas, Inc		51
7,849	*	Cheniere Energy, Inc		220
30,636	e	Chesapeake Energy Corp		625
92,324		Chevron Corp		10,970
4,163		Cimarex Energy Co		314
326	*	Clayton Williams Energy, Inc		14
3,211	*,e	Clean Energy Fuels Corp		42
1,710	*	Cloud Peak Energy, Inc		32
8,450	*	Cobalt International Energy, Inc		238
2,095	*	Comstock Resources, Inc		34
4,892	*	Concho Resources, Inc		477
59,344		ConocoPhillips		3,567
10,835		Consol Energy, Inc		365

19

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
582		Contango Oil & Gas Co	$	23
2,051	*	Continental Resources, Inc		178
1,064	*	Crimson Exploration, Inc		3
2,304		Crosstex Energy, Inc		44
920	*	CVR Energy, Inc		47
4,444	*	CVR Energy, Inc (Contingent value right)		0	^
474	*	Dawson Geophysical Co		14
683		Delek US Holdings, Inc		27
18,205	*	Denbury Resources, Inc		340
19,197	*	Devon Energy Corp		1,083
3,213	e	Diamond Offshore Drilling, Inc		224
3,707	*	Dresser-Rand Group, Inc		229
1,762	*	Dril-Quip, Inc		154
321	*	Emerald Oil, Inc		2
1,867	*,e	Endeavour International Corp		6
3,525		Energen Corp		183
3,786		Energy XXI Bermuda Ltd		103
12,659		EOG Resources, Inc		1,621
1,505	*	EPL Oil & Gas, Inc		40
6,045		Equitable Resources, Inc		410
891	*	Era Group, Inc		19
668	*	Evolution Petroleum Corp		7
5,972	e	EXCO Resources, Inc		43
3,340	*	Exterran Holdings, Inc		90
218,915	d	Exxon Mobil Corp		19,726
11,484	*	FMC Technologies, Inc		625
5,689	*	Forest Oil Corp		30
2,722	*,e	Frontline Ltd		6
2,612	*	FX Energy, Inc		9
1,114		GasLog Ltd		14
2,282	*	Gastar Exploration Ltd		4
626	*	Geospace Technologies Corp		68
277	*,e	Gevo, Inc		1
933	*	Global Geophysical Services, Inc		2
2,142		Golar LNG Ltd		79
1,342	*,e	Goodrich Petroleum Corp		21
827	*	Green Plains Renewable Energy, Inc		9
727		Gulf Island Fabrication, Inc		15
934		Gulfmark Offshore, Inc		36
2,715	*	Gulfport Energy Corp		124
5,352	*	Halcon Resources Corp		42
43,487		Halliburton Co		1,757
847	*,e	Harvest Natural Resources, Inc		3
6,458	*,e	Heckmann Corp		28
5,489	*	Helix Energy Solutions Group, Inc		126
4,572		Helmerich & Payne, Inc		278
5,516	*	Hercules Offshore, Inc		41
14,146		Hess Corp		1,013
9,455		Holly Corp		486
1,710	*	Hornbeck Offshore Services, Inc		79
6,522	*	ION Geophysical Corp		44
61	*	Isramco, Inc		6

20

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
7,365	*	Key Energy Services, Inc	$	60
23,142		Kinder Morgan, Inc		895
1,322	*,e	KiOR, Inc (Class A)		6
1,036		Knightsbridge Tankers Ltd		9
12,776	*	Kodiak Oil & Gas Corp		116
3,404	*	Kosmos Energy LLC		38
790	*	Laredo Petroleum Holdings, Inc		14
1,636		Lufkin Industries, Inc		109
7,113	*,e	Magnum Hunter Resources Corp		29
32,933		Marathon Oil Corp		1,111
16,133		Marathon Petroleum Corp		1,446
678	*	Matador Resources Co		6
1,545	*	Matrix Service Co		23
10,235	*	McDermott International, Inc		112
4,906	*,e	McMoRan Exploration Co		80
1,188	*	Midstates Petroleum Co, Inc		10
738	*,e	Miller Petroleum, Inc		3
507	*	Mitcham Industries, Inc		9
9,134		Murphy Oil Corp		582
14,129		Nabors Industries Ltd		229
19,877		National Oilwell Varco, Inc		1,406
714	*	Natural Gas Services Group, Inc		14
6,541	*	Newfield Exploration Co		147
4,752	*	Newpark Resources, Inc		44
8,265		Noble Energy, Inc		956
2,356	e	Nordic American Tanker Shipping		27
3,091	*,e	Northern Oil And Gas, Inc		44
3,879	*	Oasis Petroleum, Inc		148
37,895		Occidental Petroleum Corp		2,970
5,264		Oceaneering International, Inc		350
2,591	*	Oil States International, Inc		211
447		Panhandle Oil and Gas, Inc (Class A)		13
6,555	*	Parker Drilling Co		28
7,167		Patterson-UTI Energy, Inc		171
1,320		PBF Energy, Inc		49
1,000	*	PDC Energy, Inc		50
13,332		Peabody Energy Corp		282
2,491		Penn Virginia Corp		10
2,768	*	Petroquest Energy, Inc		12
620	*	PHI, Inc		21
29,164		Phillips 66		2,041
2,681	*	Pioneer Energy Services Corp		22
5,764		Pioneer Natural Resources Co		716
6,241	*	Plains Exploration & Production Co		296
8,662		Questar Market Resources, Inc		276
3,214	*,e	Quicksilver Resources, Inc		7
7,783		Range Resources Corp		631
11,466		Rentech, Inc		27
2,024	*	Resolute Energy Corp		23
1,826	*	Rex Energy Corp		30
303	*	Rex Stores Corp		7
611	*	RigNet, Inc		15

21

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
2,470	*	Rosetta Resources, Inc	$	118
6,060	*	Rowan Cos plc		214
3,289	e	RPC, Inc		50
577	*,e	Sanchez Energy Corp		11
23,772	*,e	SandRidge Energy, Inc		125
857	*	Saratoga Resources, Inc		2
62,362		Schlumberger Ltd		4,670
1,279	*	Scorpio Tankers, Inc		11
891		SEACOR Holdings, Inc		66
2,320	*	SemGroup Corp		120
2,365	e	Ship Finance International Ltd		42
1,581	*,e	Solazyme, Inc		12
16,563	*	Southwestern Energy Co		617
30,571		Spectra Energy Corp		940
2,953		St. Mary Land & Exploration Co		175
2,334	*	Stone Energy Corp		51
7,784	*	Superior Energy Services		202
2,133	*	Swift Energy Co		32
1,789	*	Synergy Resources Corp		12
1,406		Targa Resources Investments, Inc		96
1,942		Teekay Corp		70
2,124	e	Teekay Tankers Ltd (Class A)		6
1,600	*	Tesco Corp		21
6,379		Tesoro Corp		373
3,896	*	Tetra Technologies, Inc		40
698		TGC Industries, Inc		7
2,198		Tidewater, Inc		111
2,211	*	Triangle Petroleum Corp		15
7,062	*,e	Ultra Petroleum Corp		142
2,117	*	Unit Corp		96
3,239	*,e	Uranerz Energy Corp		4
2,636	*,e	Uranium Energy Corp		6
2,578	*	Vaalco Energy, Inc		20
25,725		Valero Energy Corp		1,170
9,477	*,e	Vantage Drilling Co		17
1,693		W&T Offshore, Inc		24
3,436	*	Warren Resources, Inc		11
2,614	e	Western Refining, Inc		93
510	*	Westmoreland Coal Co		6
5,573	*	Whiting Petroleum Corp		283
2,395	*	Willbros Group, Inc		24
32,129		Williams Cos, Inc		1,204
3,501		World Fuel Services Corp		139
9,623	*	WPX Energy, Inc		154
1,256	*,e	ZaZa Energy Corp		2
		TOTAL ENERGY		80,703
FOOD & STAPLES RETAILING - 2.1%
962		Andersons, Inc		52
66		Arden Group, Inc (Class A)		7
1,705		Casey’s General Stores, Inc		99
521	*	Chefs’ Warehouse Holdings, Inc		10

22

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
20,217		Costco Wholesale Corp	$	2,145
60,106		CVS Corp		3,305
1,174	*	Fresh Market, Inc		50
1,777		Harris Teeter Supermarkets, Inc		76
700		Ingles Markets, Inc (Class A)		15
24,542		Kroger Co		813
656		Nash Finch Co		13
1,214	*	Pantry, Inc		15
882	e	Pricesmart, Inc		69
29,531	*	Rite Aid Corp		56
1,140	e	Roundy’s, Inc		8
10,909	e	Safeway, Inc		287
1,382		Spartan Stores, Inc		24
7,868	e	Supervalu, Inc		40
533	*	Susser Holdings Corp		27
27,376		Sysco Corp		963
2,146	*	United Natural Foods, Inc		106
424		Village Super Market (Class A)		14
40,546		Walgreen Co		1,933
79,180		Wal-Mart Stores, Inc		5,925
127		Weis Markets, Inc		5
8,760		Whole Foods Market, Inc		760
		TOTAL FOOD & STAPLES RETAILING		16,817
FOOD, BEVERAGE & TOBACCO - 5.3%
246		Alico, Inc		11
5,454	*	Alliance One International, Inc		21
95,072		Altria Group, Inc		3,270
237	*,e	Annie’s, Inc		9
30,602		Archer Daniels Midland Co		1,032
2,348		B&G Foods, Inc (Class A)		72
7,508		Beam, Inc		477
400	*	Boston Beer Co, Inc (Class A)		64
2,588	*	Boulder Brands, Inc		23
6,911		Brown-Forman Corp (Class B)		493
6,803		Bunge Ltd		502
555	e	Calavo Growers, Inc		16
803		Cal-Maine Foods, Inc		34
8,130	e	Campbell Soup Co		369
2,584	*	Chiquita Brands International, Inc		20
263		Coca-Cola Bottling Co Consolidated		16
181,742		Coca-Cola Co		7,350
14,094		Coca-Cola Enterprises, Inc		520
19,573		ConAgra Foods, Inc		701
6,642	*	Constellation Brands, Inc (Class A)		316
5,911	*	Darling International, Inc		106
8,758	*	Dean Foods Co		159
1,154	*,e	Diamond Foods, Inc		19
1,712	*	Dole Food Co, Inc		19
9,949		Dr Pepper Snapple Group, Inc		467
616	*	Farmer Bros Co		9
5,476		Flowers Foods, Inc		180

23

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,850		Fresh Del Monte Produce, Inc	$	50
30,370		General Mills, Inc		1,498
6,378	*,e	Green Mountain Coffee Roasters, Inc		362
149		Griffin Land & Nurseries, Inc (Class A)		4
14,875		H.J. Heinz Co		1,075
1,798	*,e	Hain Celestial Group, Inc		110
6,964		Hershey Co		610
5,722		Hillshire Brands Co		201
6,425		Hormel Foods Corp		265
3,512		Ingredion, Inc		254
580		J&J Snack Foods Corp		45
5,262		J.M. Smucker Co		522
368		John B. Sanfilippo & Son, Inc		7
11,297		Kellogg Co		728
27,815		Kraft Foods Group, Inc		1,433
690		Lancaster Colony Corp		53
2,402		Lance, Inc		61
443		Limoneira Co		9
18,510		Lorillard, Inc		747
6,163		McCormick & Co, Inc		453
9,542		Mead Johnson Nutrition Co		739
5,769		Molson Coors Brewing Co (Class B)		282
83,016		Mondelez International, Inc		2,541
6,736	*	Monster Beverage Corp		322
621		National Beverage Corp		9
996	*	Omega Protein Corp		11
73,151		PepsiCo, Inc		5,787
79,875		Philip Morris International, Inc		7,405
2,936	*	Pilgrim’s Pride Corp		27
1,328	*	Post Holdings, Inc		57
15,284		Reynolds American, Inc		680
1,203		Sanderson Farms, Inc		66
16		Seaboard Corp		45
365	*	Seneca Foods Corp		12
6,686	*	Smithfield Foods, Inc		177
889	*,e	Synutra International, Inc		4
1,259	e	Tootsie Roll Industries, Inc		38
1,794	*	TreeHouse Foods, Inc		117
14,131		Tyson Foods, Inc (Class A)		351
1,060	e	Universal Corp		59
2,639	e	Vector Group Ltd		43
		TOTAL FOOD, BEVERAGE & TOBACCO		43,534
HEALTH CARE EQUIPMENT & SERVICES - 4.5%
1,214		Abaxis, Inc		57
73,704		Abbott Laboratories		2,603
1,811	*,e	Abiomed, Inc		34
1,110	*	Acadia Healthcare Co, Inc		33
2,035	*,e	Accretive Health, Inc		21
3,073	*,e	Accuray, Inc		14
16,150		Aetna, Inc		826
1,872		Air Methods Corp		90

24

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
3,481	*	Align Technology, Inc	$	117
8,310	*	Allscripts Healthcare Solutions, Inc		113
380		Almost Family, Inc		8
2,729	*	Alphatec Holdings, Inc		6
1,533	*	Amedisys, Inc		17
11,110		AmerisourceBergen Corp		572
2,008	*	AMN Healthcare Services, Inc		32
1,528	*	Amsurg Corp		51
639		Analogic Corp		51
1,310	*	Angiodynamics, Inc		15
566	*	Anika Therapeutics, Inc		8
3,605	*,e	Antares Pharma, Inc		13
1,336	*	Arthrocare Corp		46
1,106		Assisted Living Concepts, Inc (A Shares)		13
1,737	*,e	athenahealth, Inc		169
716	*	AtriCure, Inc		6
86		Atrion Corp		17
4,001		Bard (C.R.), Inc		403
25,886		Baxter International, Inc		1,880
9,375		Becton Dickinson & Co		896
1,242	*,e	Bio-Reference Labs, Inc		32
2,298	*	BioScrip, Inc		29
69,425	*	Boston Scientific Corp		542
4,927	*	Brookdale Senior Living, Inc		137
1,066		Cantel Medical Corp		32
1,396	*	Capital Senior Living Corp		37
16,337		Cardinal Health, Inc		680
788	*	Cardiovascular Systems, Inc		16
10,338	*	CareFusion Corp		362
9,620	*	Catamaran Corp		510
2,518	*	Centene Corp		111
6,698	*	Cerner Corp		635
1,975	*,e	Cerus Corp		9
740		Chemed Corp		59
671	*	Chindex International, Inc		9
13,313		Cigna Corp		830
4,283		Community Health Systems, Inc		203
590		Computer Programs & Systems, Inc		32
1,671	*	Conceptus, Inc		40
1,595		Conmed Corp		54
2,129		Cooper Cos, Inc		230
467	*	Corvel Corp		23
6,103		Coventry Health Care, Inc		287
22,612		Covidien plc		1,534
2,234	*	Cross Country Healthcare, Inc		12
1,413		CryoLife, Inc		9
1,243	*	Cyberonics, Inc		58
475	*	Cynosure, Inc (Class A)		12
4,405	*	DaVita, Inc		522
6,571		Dentsply International, Inc		279
3,382	*	DexCom, Inc		57
5,364	*	Edwards Lifesciences Corp		441

25

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,554	*	Emeritus Corp	$	43
2,539	*	Endologix, Inc		41
711		Ensign Group, Inc		24
408	*	Exactech, Inc		8
1,376	*,e	ExamWorks Group, Inc		24
37,908	*	Express Scripts Holding Co		2,185
1,637	*	Five Star Quality Care, Inc		11
1,497	*	Gentiva Health Services, Inc		16
1,370	*	Greatbatch, Inc		41
395	*,e	Greenway Medical Technologies		6
2,074	*	Haemonetics Corp		86
1,683	*	Hanger Orthopedic Group, Inc		53
1,438	*,e	Hansen Medical, Inc		3
7,683		HCA Holdings, Inc		312
12,404	*	Health Management Associates, Inc (Class A)		160
4,093	*	Health Net, Inc		117
4,651	*	Healthsouth Corp		123
797	*	HealthStream, Inc		18
1,788	*	Healthways, Inc		22
687	*,e	HeartWare International, Inc		61
4,157	*	Henry Schein, Inc		385
3,194		Hill-Rom Holdings, Inc		113
4,287	*	HMS Holdings Corp		116
13,090	*	Hologic, Inc		296
7,717		Humana, Inc		533
604	*	ICU Medical, Inc		36
2,544	*	Idexx Laboratories, Inc		235
2,329	*	Insulet Corp		60
1,114	*	Integra LifeSciences Holdings Corp		44
1,849	*	Intuitive Surgical, Inc		908
1,548		Invacare Corp		20
4,072	*	Inverness Medical Innovations, Inc		104
904	*	IPC The Hospitalist Co, Inc		40
2,539	*	Kindred Healthcare, Inc		27
4,535	*	Laboratory Corp of America Holdings		409
498		Landauer, Inc		28
735	*	LHC Group, Inc		16
2,226	*	LifePoint Hospitals, Inc		108
1,049	*	Magellan Health Services, Inc		50
1,614	*,e	MAKO Surgical Corp		18
2,657		Masimo Corp		52
10,948		McKesson Corp		1,182
2,281	*	MedAssets, Inc		44
975	*	Medidata Solutions, Inc		57
48,402		Medtronic, Inc		2,273
2,504	*	Merge Healthcare, Inc		7
2,066	e	Meridian Bioscience, Inc		47
1,836	*	Merit Medical Systems, Inc		23
1,450	*	Molina Healthcare, Inc		45
620	*	MWI Veterinary Supply, Inc		82
516		National Healthcare Corp		24
119		National Research Corp		7

26

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,662	*	Natus Medical, Inc	$	22
1,314	*	Neogen Corp		65
4,406	*,e	Neoprobe Corp		12
2,136	*	NuVasive, Inc		46
2,243	*	NxStage Medical, Inc		25
5,081		Omnicare, Inc		207
1,729	*	Omnicell, Inc		33
2,901	*	OraSure Technologies, Inc		16
1,010	*	Orthofix International NV		36
3,228	e	Owens & Minor, Inc		105
1,140	*	Palomar Medical Technologies, Inc		15
4,582		Patterson Cos, Inc		174
2,180	*	Pediatrix Medical Group, Inc		195
1,726	*	PharMerica Corp		24
626	*,e	PhotoMedex, Inc		10
617	*	Providence Service Corp		11
1,960		Quality Systems, Inc		36
7,298		Quest Diagnostics, Inc		412
1,220	*,e	Quidel Corp		29
6,632	e	Resmed, Inc		308
490	*	Rochester Medical Corp		7
804	*,e	Rockwell Medical Technologies, Inc		3
3,216	*	RTI Biologics, Inc		13
2,500		Select Medical Holdings Corp		23
2,698	*	Sirona Dental Systems, Inc		199
973	*	Skilled Healthcare Group, Inc (Class A)		6
3,016	*	Solta Medical, Inc		7
1,958	*	Spectranetics Corp		36
14,716		St. Jude Medical, Inc		595
1,741	*	Staar Surgical Co		10
2,595		STERIS Corp		108
14,382		Stryker Corp		938
900	*	SurModics, Inc		25
1,974	*	Symmetry Medical, Inc		23
1,351	*	Team Health Holdings, Inc		49
1,782		Teleflex, Inc		151
4,726	*	Tenet Healthcare Corp		225
2,569	*	Thoratec Corp		96
730	*	Tornier BV		14
249	*	Triple-S Management Corp (Class B)		4
3,641	*,e	Unilife Corp		8
48,628		UnitedHealth Group, Inc		2,782
1,661		Universal American Corp		14
4,061		Universal Health Services, Inc (Class B)		259
701		US Physical Therapy, Inc		19
149		Utah Medical Products, Inc		7
1,585	*	Vanguard Health Systems, Inc		24
5,199	*	Varian Medical Systems, Inc		374
937	*	Vascular Solutions, Inc		15
3,661	*	VCA Antech, Inc		86
320	*	Vocera Communications, Inc		7
2,758	*	Volcano Corp		61

27

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,884	*	WellCare Health Plans, Inc	$	109
14,248		WellPoint, Inc		944
1,650		West Pharmaceutical Services, Inc		107
2,200	*	Wright Medical Group, Inc		52
821	*	Zeltiq Aesthetics, Inc		3
8,299		Zimmer Holdings, Inc		624
		TOTAL HEALTH CARE EQUIPMENT & SERVICES		36,485
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%
20,834		Avon Products, Inc		432
1,434	*	Central Garden and Pet Co (Class A)		12
6,454		Church & Dwight Co, Inc		417
6,164		Clorox Co		546
22,353		Colgate-Palmolive Co		2,638
1,265	*	Elizabeth Arden, Inc		51
2,916		Energizer Holdings, Inc		291
10,724		Estee Lauder Cos (Class A)		687
867		Female Health Co		6
5,090	e	Herbalife Ltd		191
735		Inter Parfums, Inc		18
18,302		Kimberly-Clark Corp		1,793
721	*	Medifast, Inc		16
537		Nature’s Sunshine Products, Inc		8
2,584	e	Nu Skin Enterprises, Inc (Class A)		114
602		Nutraceutical International Corp		10
255		Oil-Dri Corp of America		7
289		Orchids Paper Products Co		7
2,523	*	Prestige Brands Holdings, Inc		65
128,228		Procter & Gamble Co		9,881
575	*	Revlon, Inc (Class A)		13
1,115		Spectrum Brands, Inc		63
4,200	*,e	Star Scientific, Inc		7
312	*,e	USANA Health Sciences, Inc		15
566		WD-40 Co		31
		TOTAL HOUSEHOLD & PERSONAL PRODUCTS		17,319
INSURANCE - 3.9%
15,788		ACE Ltd		1,405
21,967		Aflac, Inc		1,143
772	*	Alleghany Corp		306
1,767		Allied World Assurance Co Holdings Ltd		164
22,776		Allstate Corp		1,118
3,620		American Equity Investment Life Holding Co		54
3,560		American Financial Group, Inc		169
30,566	*	American International Group, Inc		1,187
355		American National Insurance Co		31
622	*	American Safety Insurance Holdings Ltd		16
915		Amerisafe, Inc		33
1,319	e	Amtrust Financial Services, Inc		46
15,166		Aon plc		933
6,213	*	Arch Capital Group Ltd		327
1,252		Argo Group International Holdings Ltd		52

28

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
5,455		Arthur J. Gallagher & Co	$	225
3,581		Aspen Insurance Holdings Ltd		138
3,641		Assurant, Inc		164
7,819		Assured Guaranty Ltd		161
4,657		Axis Capital Holdings Ltd		194
422		Baldwin & Lyons, Inc (Class B)		10
83,336	*	Berkshire Hathaway, Inc (Class B)		8,684
5,834		Brown & Brown, Inc		187
12,543		Chubb Corp		1,098
6,937		Cincinnati Financial Corp		327
2,162	*	Citizens, Inc (Class A)		18
1,391		CNA Financial Corp		45
11,225		Conseco, Inc		129
1,190		Crawford & Co (Class B)		9
406		Donegal Group, Inc (Class A)		6
309		Eastern Insurance Holdings, Inc		6
844	*	eHealth, Inc		15
168		EMC Insurance Group, Inc		4
1,950		Employers Holdings, Inc		46
2,054		Endurance Specialty Holdings Ltd		98
413	*	Enstar Group Ltd		51
1,205		Erie Indemnity Co (Class A)		91
2,425		Everest Re Group Ltd		315
441		FBL Financial Group, Inc (Class A)		17
10,562		Fidelity National Title Group, Inc (Class A)		266
5,150		First American Financial Corp		132
23,919	*	Genworth Financial, Inc (Class A)		239
1,491	*	Greenlight Capital Re Ltd (Class A)		36
368	*	Hallmark Financial Services		3
2,267		Hanover Insurance Group, Inc		113
20,670		Hartford Financial Services Group, Inc		533
4,524		HCC Insurance Holdings, Inc		190
2,378	*	Hilltop Holdings, Inc		32
366	e	Homeowners Choice, Inc		10
2,010		Horace Mann Educators Corp		42
392		Independence Holding Co		4
632		Infinity Property & Casualty Corp		36
212		Kansas City Life Insurance Co		8
2,516		Kemper Corp		82
13,510		Lincoln National Corp		441
14,433		Loews Corp		636
2,909		Maiden Holdings Ltd		31
430	*,e	Markel Corp		216
25,446		Marsh & McLennan Cos, Inc		966
4,600		Max Capital Group Ltd		145
6,479	*,e	MBIA, Inc		67
2,850		Meadowbrook Insurance Group, Inc		20
1,373		Mercury General Corp		52
39,619		Metlife, Inc		1,506
2,339		Montpelier Re Holdings Ltd		61
2,320	*	National Financial Partners Corp		52
224		National Interstate Corp		7

29

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
106		National Western Life Insurance Co (Class A)	$	19
366	*	Navigators Group, Inc		21
12,729		Old Republic International Corp		162
1,314		OneBeacon Insurance Group Ltd (Class A)		18
2,860		PartnerRe Ltd		266
354	*	Phoenix Cos, Inc		11
1,669		Platinum Underwriters Holdings Ltd		93
1,054		Primerica, Inc		35
14,206		Principal Financial Group		483
2,588		ProAssurance Corp		122
28,885		Progressive Corp		730
3,883		Protective Life Corp		139
21,741		Prudential Financial, Inc		1,282
3,326		Reinsurance Group of America, Inc (Class A)		198
2,224		RenaissanceRe Holdings Ltd		205
807		RLI Corp		58
678		Safety Insurance Group, Inc		33
2,700		Selective Insurance Group, Inc		65
2,158		Stancorp Financial Group, Inc		92
913		State Auto Financial Corp		16
1,214	e	Stewart Information Services Corp		31
3,790		Symetra Financial Corp		51
4,587		Torchmark Corp		274
2,111		Tower Group International Ltd		39
18,302		Travelers Cos, Inc		1,541
746	*	United America Indemnity Ltd		17
1,337		United Fire & Casualty Co		34
587		Universal Insurance Holdings, Inc		3
13,888		UnumProvident Corp		392
4,375		Validus Holdings Ltd		163
5,001		W.R. Berkley Corp		222
288		White Mountains Insurance Group Ltd		163
14,847		XL Capital Ltd		450
		TOTAL INSURANCE		32,376
MATERIALS - 3.8%
1,430		A. Schulman, Inc		45
428	*,e	ADA-ES, Inc		11
226	*	AEP Industries, Inc		16
10,014		Air Products & Chemicals, Inc		872
3,339		Airgas, Inc		331
5,809	e	AK Steel Holding Corp		19
4,078		Albemarle Corp		255
51,793		Alcoa, Inc		441
5,197		Allegheny Technologies, Inc		165
4,499	*	Allied Nevada Gold Corp		74
1,252		AMCOL International Corp		38
1,339		American Vanguard Corp		41
3,092		Aptargroup, Inc		177
970	*	Arabian American Development Co		8
3,647		Ashland, Inc		271
3,223		Axiall Corp		200

30

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
1,365		Balchem Corp	$	60
7,162		Ball Corp		341
4,932		Bemis Co, Inc		199
5,292		Boise, Inc		46
986		Brush Engineered Materials, Inc		28
1,757		Buckeye Technologies, Inc		53
3,089		Cabot Corp		106
2,978	*	Calgon Carbon Corp		54
2,161		Carpenter Technology Corp		107
1,087	*,e	Castle (A.M.) & Co		19
7,589		Celanese Corp (Series A)		334
1,164	*	Century Aluminum Co		9
3,100		CF Industries Holdings, Inc		590
340		Chase Corp		7
3,627	*	Chemtura		78
1,060	*	Clearwater Paper Corp		56
6,623	e	Cleveland-Cliffs, Inc		126
3,648	*	Coeur d’Alene Mines Corp		69
5,606		Commercial Metals Co		89
1,615		Compass Minerals International, Inc		127
7,232	*	Crown Holdings, Inc		301
2,235		Cytec Industries, Inc		166
567		Deltic Timber Corp		39
1,790		Domtar Corp		139
55,742		Dow Chemical Co		1,775
43,723		Du Pont (E.I.) de Nemours & Co		2,149
2,311		Eagle Materials, Inc		154
7,247		Eastman Chemical Co		506
12,249		Ecolab, Inc		982
174	*	Ferro Corp		1
2,562	*	Flotek Industries, Inc		42
6,346		FMC Corp		362
44,458		Freeport-McMoRan Copper & Gold, Inc (Class B)		1,472
954		FutureFuel Corp		12
2,908	*,e	General Moly, Inc		6
2,058		Glatfelter		48
2,943		Globe Specialty Metals, Inc		41
1,426	e	Gold Resource Corp		19
1,121	*,e	Golden Minerals Co		3
12,807	*,e	Golden Star Resources Ltd		20
8,058	*	Graphic Packaging Holding Co		60
1,531		Greif, Inc (Class A)		82
2,421		H.B. Fuller Co		95
459		Hawkins, Inc		18
510		Haynes International, Inc		28
2,769	*	Headwaters, Inc		30
14,157	e	Hecla Mining Co		56
2,056	*	Horsehead Holding Corp		22
8,503		Huntsman Corp		158
1,126		Innophos Holdings, Inc		61
1,190		Innospec, Inc		53
3,724		International Flavors & Fragrances, Inc		286

31

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
20,651		International Paper Co	$	962
2,641		Intrepid Potash, Inc		50
620		Kaiser Aluminum Corp		40
2,023		Kapstone Paper and Packaging Corp		56
329		KMG Chemicals, Inc		6
1,077		Koppers Holdings, Inc		47
1,610	*	Kraton Polymers LLC		38
1,114	e	Kronos Worldwide, Inc		17
1,289	*	Landec Corp		19
6,361	*	Louisiana-Pacific Corp		137
901	*	LSB Industries, Inc		31
15,227		LyondellBasell Industries AF S.C.A		964
2,227	e	Martin Marietta Materials, Inc		227
10,533	*,e	McEwen Mining, Inc		30
8,015		MeadWestvaco Corp		291
566		Metals USA Holdings Corp		12
3,984	*	Midway Gold Corp		5
1,724		Minerals Technologies, Inc		72
3,207	*,e	Molycorp, Inc		17
24,905		Monsanto Co		2,631
13,763		Mosaic Co		820
1,570		Myers Industries, Inc		22
1,075		Neenah Paper, Inc		33
426	e	NewMarket Corp		111
23,228		Newmont Mining Corp		973
1,121		Noranda Aluminium Holding Corp		5
14,897		Nucor Corp		687
3,909		Olin Corp		99
529		Olympic Steel, Inc		13
1,636	*	OM Group, Inc		38
2,250	*	Omnova Solutions, Inc		17
8,024	*	Owens-Illinois, Inc		214
4,402		Packaging Corp of America		198
5,999	*,e	Paramount Gold and Silver Corp		13
4,805		PolyOne Corp		117
6,532		PPG Industries, Inc		875
14,050		Praxair, Inc		1,567
610		Quaker Chemical Corp		36
3,402		Reliance Steel & Aluminum Co		242
2,728	*,e	Resolute Forest Products		44
1,196	*	Revett Minerals, Inc		3
3,169		Rock-Tenn Co (Class A)		294
3,120		Rockwood Holdings, Inc		204
2,652		Royal Gold, Inc		188
6,377		RPM International, Inc		201
1,496	*	RTI International Metals, Inc		47
1,183		Schnitzer Steel Industries, Inc (Class A)		32
1,524		Schweitzer-Mauduit International, Inc		59
2,024		Scotts Miracle-Gro Co (Class A)		88
8,412		Sealed Air Corp		203
2,022		Sensient Technologies Corp		79
4,071		Sherwin-Williams Co		688

32

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
5,648		Sigma-Aldrich Corp	$	439
2,380		Silgan Holdings, Inc		112
4,578		Sonoco Products Co		160
7,399		Southern Copper Corp (NY)		278
10,635		Steel Dynamics, Inc		169
834		Stepan Co		53
5,644	*,e	Stillwater Mining Co		73
2,858	*	SunCoke Energy, Inc		47
3,933	*	Tahoe Resources, Inc		69
1,109	*,e	Texas Industries, Inc		70
1,281		Tredegar Corp		38
260	*	UFP Technologies, Inc		5
66	*	United States Lime & Minerals, Inc		3
6,927	e	United States Steel Corp		135
391	*	Universal Stainless & Alloy		14
2,645	*,e	US Antimony Corp		5
910		US Silica Holdings Inc		21
4,475		Valspar Corp		279
3,459	*	Vista Gold Corp		7
5,949		Vulcan Materials Co		308
2,588		Walter Energy, Inc		74
2,666		Wausau Paper Corp		29
893	e	Westlake Chemical Corp		83
297	*	WHX Corp		5
2,539		Worthington Industries, Inc		79
3,554	*	WR Grace & Co		275
1,145		Zep, Inc		17
1,635	*,e	Zoltek Cos, Inc		20
		TOTAL MATERIALS		31,377
MEDIA - 3.7%
2,662	*	AMC Networks, Inc		168
1,425		Arbitron, Inc		67
4,724		Belo (A.H.) Corp (Class A)		46
10,515		Cablevision Systems Corp (Class A)		157
852	*	Carmike Cinemas, Inc		15
30,859		CBS Corp (Class B)		1,441
1,854	*,e	Central European Media Enterprises Ltd (Class A) Nasdaq		8
2,365	*	Charter Communications, Inc		246
5,586		Cinemark Holdings, Inc		165
2,051		Clear Channel Outdoor Holdings, Inc (Class A)		15
126,667		Comcast Corp (Class A)		5,321
1,802	*	Crown Media Holdings, Inc (Class A)		4
1,191	*,e	Cumulus Media, Inc (Class A)		4
1,322	*,e	Digital Generation, Inc		9
27,200	*	DIRECTV		1,540
11,190	*	Discovery Communications, Inc (Class A)		881
9,460		DISH Network Corp (Class A)		359
3,294	*,e	DreamWorks Animation SKG, Inc (Class A)		63
1,252	*	Entercom Communications Corp (Class A)		9
2,637		Entravision Communications Corp (Class A)		8
1,802	*	EW Scripps Co (Class A)		22

33

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
354		Fisher Communications, Inc	$	14
11,396		Gannett Co, Inc		249
629	*	Global Sources Ltd		5
2,075		Harte-Hanks, Inc		16
20,135		Interpublic Group of Cos, Inc		262
1,843		John Wiley & Sons, Inc (Class A)		72
2,807	*	Journal Communications, Inc (Class A)		19
3,750	*	Lamar Advertising Co (Class A)		182
12,437	*,e	Liberty Global, Inc (Class A)		913
5,113	*	Liberty Media Corp		571
1,798	*	Lin TV Corp (Class A)		20
4,138	*,e	Lions Gate Entertainment Corp		98
7,613	*	Live Nation, Inc		94
2,849	*	Madison Square Garden, Inc		164
1,522		Martha Stewart Living Omnimedia, Inc (Class A)		4
3,219	*,e	McClatchy Co (Class A)		9
13,221		McGraw-Hill Cos, Inc		689
1,288		MDC Partners, Inc		21
1,763	e	Meredith Corp		68
1,117		Morningstar, Inc		78
2,714		National CineMedia, Inc		43
6,951	*	New York Times Co (Class A)		68
98,693		News Corp (Class A)		3,012
542		Nexstar Broadcasting Group, Inc (Class A)		10
12,814		Omnicom Group, Inc		755
660		Outdoor Channel Holdings, Inc		6
3,876	*,e	Pandora Media, Inc		55
490	*	ReachLocal, Inc		7
787	*	Reading International, Inc		4
4,340	e	Regal Entertainment Group (Class A)		72
475	*	Rentrak Corp		10
216		Saga Communications, Inc		10
1,378		Scholastic Corp		37
3,863		Scripps Networks Interactive (Class A)		249
3,111		Sinclair Broadcast Group, Inc (Class A)		63
178,607	e	Sirius XM Radio, Inc		550
5,113	*	Starz-Liberty Capital		113
17,452	e	Thomson Corp		567
14,036		Time Warner Cable, Inc		1,348
44,942		Time Warner, Inc		2,590
2,076	e	Valassis Communications, Inc		62
98	e	Value Line, Inc		1
23,212		Viacom, Inc (Class B)		1,429
13,029		Virgin Media, Inc		638
83,965		Walt Disney Co		4,769
163	e	Washington Post Co (Class B)		73
1,281	e	World Wrestling Entertainment, Inc (Class A)		11
		TOTAL MEDIA		30,648
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
74,364		AbbVie, Inc		3,033
1,983	*	Achillion Pharmaceuticals, Inc		17

34

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
2,044	*	Acorda Therapeutics, Inc	$	65
5,862	*	Actavis, Inc		540
1,053	*	Aegerion Pharmaceuticals, Inc		43
4,200	*,e	Affymetrix, Inc		20
1,108	*,e	Agenus, Inc		4
16,312		Agilent Technologies, Inc		685
2,860	*	Akorn, Inc		40
9,333	*	Alexion Pharmaceuticals, Inc		860
5,952	*	Alkermes plc		141
14,150		Allergan, Inc		1,580
2,039	*	Alnylam Pharmaceuticals, Inc		50
1,109	*	AMAG Pharmaceuticals, Inc		26
36,346		Amgen, Inc		3,726
1,454	*,e	Amicus Therapeutics, Inc		5
1,022	*,e	Ampio Pharmaceuticals, Inc		5
9,609	*,e	Arena Pharmaceuticals, Inc		79
8,049	*	Ariad Pharmaceuticals, Inc		146
2,640	*	Arqule, Inc		7
3,660	*	Array Biopharma, Inc		18
2,656	*	Astex Pharmaceuticals		12
2,455	*	Auxilium Pharmaceuticals, Inc		42
6,354	*,e	AVANIR Pharmaceuticals, Inc		17
1,870	*,e	AVEO Pharmaceuticals, Inc		14
2,465	*,e	BioCryst Pharmaceuticals, Inc		3
11,249	*	Biogen Idec, Inc		2,170
5,931	*	BioMarin Pharmaceuticals, Inc		369
983	*	Bio-Rad Laboratories, Inc (Class A)		124
215	*	Biospecifics Technologies Corp		4
1,108	*,e	Biotime, Inc		4
78,902		Bristol-Myers Squibb Co		3,250
4,265	*	Bruker BioSciences Corp		81
1,890	*,e	Cadence Pharmaceuticals, Inc		13
1,815	*	Cambrex Corp		23
20,638	*	Celgene Corp		2,392
2,900	*	Celldex Therapeutics, Inc		34
3,195	*	Cepheid, Inc		123
2,389	*	Charles River Laboratories International, Inc		106
669	*,e	Clovis Oncology, Inc		19
442	*,e	Codexis, Inc		1
1,326	*,e	Corcept Therapeutics, Inc		3
318	*	Cornerstone Therapeutics, Inc		2
2,667	*	Covance, Inc		198
3,083	*	Cubist Pharmaceuticals, Inc		144
3,574	*,e	Curis, Inc		12
2,389	*,e	Cytori Therapeutics, Inc		6
7,690	*,e	Dendreon Corp		36
2,984	*	Depomed, Inc		18
2,207	*,e	Discovery Laboratories, Inc		5
4,970	*	Dyax Corp		22
5,402	*,e	Dynavax Technologies Corp		12
47,848		Eli Lilly & Co		2,717
1,234	*	Emergent Biosolutions, Inc		17

35

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
5,765	*	Endo Pharmaceuticals Holdings, Inc	$	177
1,449	*	Endocyte, Inc		18
2,632		Enzon Pharmaceuticals, Inc		10
2,644	*	Exact Sciences Corp		26
6,457	*,e	Exelixis, Inc		30
989	*	Fluidigm Corp		18
12,497	*	Forest Laboratories, Inc		475
512	*	Furiex Pharmaceuticals Inc		19
810	*	Genomic Health, Inc		23
6,445	*,e	Geron Corp		7
70,762	*	Gilead Sciences, Inc		3,462
971	*	GTx, Inc		4
3,942	*	Halozyme Therapeutics, Inc		23
1,104	*	Harvard Bioscience, Inc		6
458		Hi-Tech Pharmacal Co, Inc		15
1,073	*,e	Horizon Pharma, Inc		3
7,473	*	Hospira, Inc		245
3,653	*,e	Idenix Pharmaceuticals, Inc		13
5,845	*,e	Illumina, Inc		316
1,963	*,e	ImmunoCellular Therapeutics Ltd		5
3,568	*,e	Immunogen, Inc		57
3,543	*,e	Immunomedics, Inc		9
3,365	*	Impax Laboratories, Inc		52
4,807	*,e	Incyte Corp		113
1,026	*	Infinity Pharmaceuticals, Inc		50
3,158	*,e	InterMune, Inc		29
3,659	*	Ironwood Pharmaceuticals, Inc		67
5,202	*,e	Isis Pharmaceuticals, Inc		88
2,099	*	Jazz Pharmaceuticals plc		117
128,521		Johnson & Johnson		10,478
2,721	*,e	Keryx Biopharmaceuticals, Inc		19
832	*	Lannett Co, Inc		8
10,577	*	Lexicon Pharmaceuticals, Inc		23
8,438	*	Life Technologies Corp		545
925	*	Ligand Pharmaceuticals, Inc (Class B)		25
2,138	*	Luminex Corp		35
5,511	*,e	MannKind Corp		19
1,801		Maxygen, Inc		4
2,495	*	Medicines Co		83
3,516	*	Medivation, Inc		164
142,273		Merck & Co, Inc		6,293
720	*	Merrimack Pharmaceuticals, Inc		4
1,482	*	Mettler-Toledo International, Inc		316
2,284	*	Momenta Pharmaceuticals, Inc		30
19,076	*	Mylan Laboratories, Inc		552
4,133	*	Myriad Genetics, Inc		105
5,532	*	Nektar Therapeutics		61
3,256	*	Neurocrine Biosciences, Inc		40
629	*,e	NewLink Genetics Corp		8
4,336	*,e	Novavax, Inc		10
4,176	*	NPS Pharmaceuticals, Inc		43
1,070	*	Obagi Medical Products, Inc		21

36

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
1,112	*,e	Omeros Corp	$	5
511	*	OncoGenex Pharmaceutical, Inc		6
2,102	*	Oncothyreon, Inc		4
3,107	*	Onyx Pharmaceuticals, Inc		276
4,791	*,e	Opko Health, Inc		37
1,463	*	Optimer Pharmaceuticals, Inc		17
2,988	*	Orexigen Therapeutics, Inc		19
807	*	Osiris Therapeutics, Inc		8
1,723	*	Pacific Biosciences of California, Inc		4
915	*,e	Pacira Pharmaceuticals, Inc		26
1,792		Pain Therapeutics, Inc		6
2,917	*	Parexel International Corp		115
5,458	e	PDL BioPharma, Inc		40
5,182		PerkinElmer, Inc		174
4,034		Perrigo Co		479
351,432		Pfizer, Inc		10,142
2,485	*	Pharmacyclics, Inc		200
1,425	*	Pozen, Inc		8
1,419	*	Progenics Pharmaceuticals, Inc		8
11,425	*	Qiagen N.V. (NASDAQ)		241
2,696	e	Questcor Pharmaceuticals, Inc		88
2,377	*,e	Raptor Pharmaceutical Corp		14
3,754	*	Regeneron Pharmaceuticals, Inc		662
1,493	*	Repligen Corp		10
714	*,e	Repros Therapeutics, Inc		12
3,471	*	Rigel Pharmaceuticals, Inc		24
345	*	Sagent Pharmaceuticals		6
3,014	*	Salix Pharmaceuticals Ltd		154
2,157	*,e	Sangamo Biosciences, Inc		21
2,882	*	Santarus, Inc		50
2,738	*	Sciclone Pharmaceuticals, Inc		13
4,880	*,e	Seattle Genetics, Inc		173
4,993	*,e	Sequenom, Inc		21
1,470	*,e	SIGA Technologies, Inc		5
2,652	e	Spectrum Pharmaceuticals, Inc		20
620	*	Sucampo Pharmaceuticals, Inc (Class A)		4
445	*	Synageva BioPharma Corp		24
2,003	*,e	Synergy Pharmaceuticals, Inc		12
1,821	*,e	Synta Pharmaceuticals Corp		16
1,257	*	Targacept, Inc		5
1,792		Techne Corp		122
2,889	*,e	Theravance, Inc		68
17,100		Thermo Electron Corp		1,308
764	*,e	Threshold Pharmaceuticals, Inc		4
1,207	*	Trius Therapeutics, Inc		8
2,240	*	United Therapeutics Corp		136
1,501	*	Vanda Pharmaceuticals, Inc		6
579	*,e	Ventrus Biosciences, Inc		2
9,767	*	Vertex Pharmaceuticals, Inc		537
3,055	*	Vical, Inc		12
3,526	*	Viropharma, Inc		89
4,844	*,e	Vivus, Inc		53

37

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
8,140		Warner Chilcott plc	$	110
4,080	*	Waters Corp		383
1,508	*	Xenoport, Inc		11
3,261	*	XOMA Corp		11
2,912	*,e	ZIOPHARM Oncology, Inc		5
4,890	*	Zoetis Inc		163
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		63,623
REAL ESTATE - 3.7%
2,117		Acadia Realty Trust		59
755		AG Mortgage Investment Trust		19
505		Agree Realty Corp		15
2,122	*	Alexander & Baldwin, Inc		76
104		Alexander’s, Inc		34
2,762		Alexandria Real Estate Equities, Inc		196
1,470		American Assets Trust,Inc		47
4,716		American Campus Communities, Inc		214
16,723		American Capital Agency Corp		548
1,755		American Capital Mortgage, Inc		45
18,677		American Tower Corp		1,437
47,329		Annaly Capital Management, Inc		752
6,519		Anworth Mortgage Asset Corp		41
6,369		Apartment Investment & Management Co (Class A)		195
867		Apollo Commercial Real Estate Finance, Inc		15
378		Ares Commercial Real Estate Corp		6
18,834	*	ARMOUR Residential REIT, Inc		123
2,185		Ashford Hospitality Trust, Inc		27
2,073		Associated Estates Realty Corp		39
454	*	AV Homes, Inc		6
5,461		AvalonBay Communities, Inc		692
7,506		BioMed Realty Trust, Inc		162
6,942		Boston Properties, Inc		702
7,051		Brandywine Realty Trust		105
3,765		BRE Properties, Inc (Class A)		183
3,896		Camden Property Trust		268
1,900		Campus Crest Communities, Inc		26
3,499		Capital Lease Funding, Inc		22
4,568		Capstead Mortgage Corp		59
7,851		CBL & Associates Properties, Inc		185
15,262	*	CBRE Group, Inc		385
2,712		Cedar Shopping Centers, Inc		17
464		Chatham Lodging Trust		8
1,642		Chesapeake Lodging Trust		38
43,123		Chimera Investment Corp		138
4,203		Colonial Properties Trust		95
1,674		Colony Financial, Inc		37
378		Consolidated-Tomoka Land Co		15
800		Coresite Realty		28
3,601		Corporate Office Properties Trust		96
4,773		Cousins Properties, Inc		51
2,905		CreXus Investment Corp		38
5,967		CubeSmart		94

38

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
6,010		CYS Investments, Inc	$	71
12,464		DCT Industrial Trust, Inc		92
10,697		DDR Corp		186
8,158		DiamondRock Hospitality Co		76
5,356		Digital Realty Trust, Inc		358
6,476		Douglas Emmett, Inc		161
12,782		Duke Realty Corp		217
2,984		DuPont Fabros Technology, Inc		72
2,653		Dynex Capital, Inc		28
1,377		EastGroup Properties, Inc		80
4,615		Education Realty Trust, Inc		49
2,472		Entertainment Properties Trust		129
2,004		Equity Lifestyle Properties, Inc		154
2,651		Equity One, Inc		64
14,607		Equity Residential		804
1,710		Essex Property Trust, Inc		257
1,621		Excel Trust, Inc		22
4,748		Extra Space Storage, Inc		186
3,147		Federal Realty Investment Trust		340
6,309	*	FelCor Lodging Trust, Inc		38
4,317		First Industrial Realty Trust, Inc		74
2,547		First Potomac Realty Trust		38
6,922	*	Forest City Enterprises, Inc (Class A)		123
1,790	*	Forestar Real Estate Group, Inc		39
3,639		Franklin Street Properties Corp		53
25,599		General Growth Properties, Inc		509
1,193		Getty Realty Corp		24
498		Gladstone Commercial Corp		10
6,781		Glimcher Realty Trust		79
1,811		Government Properties Income Trust		47
2,207	*	Gramercy Capital Corp		12
58		Gyrodyne Co of America, Inc		4
4,762		Hatteras Financial Corp		131
20,381		HCP, Inc		1,016
12,279		Health Care REIT, Inc		834
3,664		Healthcare Realty Trust, Inc		104
8,372		Hersha Hospitality Trust		49
3,786		Highwoods Properties, Inc		150
2,366		Home Properties, Inc		150
6,635		Hospitality Properties Trust		182
33,218		Host Marriott Corp		581
1,158	*	Howard Hughes Corp		97
4,076		HRPT Properties Trust		91
1,747		Hudson Pacific Properties		38
4,699		Inland Real Estate Corp		47
5,622		Invesco Mortgage Capital, Inc		120
3,940		Investors Real Estate Trust		39
4,086	*	iStar Financial, Inc		45
2,166		Jones Lang LaSalle, Inc		215
1,173		Kennedy-Wilson Holdings, Inc		18
3,326		Kilroy Realty Corp		174
19,779		Kimco Realty Corp		443

39

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
2,891		Kite Realty Group Trust	$	19
4,298		LaSalle Hotel Properties		109
6,009		Lexington Corporate Properties Trust		71
5,687		Liberty Property Trust		226
1,483		LTC Properties, Inc		60
6,443		Macerich Co		415
4,389		Mack-Cali Realty Corp		126
6,789		Medical Properties Trust, Inc		109
18,015		MFA Mortgage Investments, Inc		168
1,993		Mid-America Apartment Communities, Inc		138
2,597		Monmouth Real Estate Investment Corp (Class A)		29
1,100		National Health Investors, Inc		72
5,406		National Retail Properties, Inc		196
824		New York Mortgage Trust, Inc		6
3,670		NorthStar Realty Finance Corp		35
2,098		NRDC Acquisition Corp		29
5,124		Omega Healthcare Investors, Inc		156
567		One Liberty Properties, Inc		12
946		Parkway Properties, Inc		18
2,560		Pebblebrook Hotel Trust		66
2,924		Pennsylvania Real Estate Investment Trust		57
1,391		Pennymac Mortgage Investment Trust		36
8,735		Piedmont Office Realty Trust, Inc		171
7,839		Plum Creek Timber Co, Inc		409
2,631		Post Properties, Inc		124
2,094		Potlatch Corp		96
21,441		Prologis, Inc		857
903		PS Business Parks, Inc		71
6,686		Public Storage, Inc		1,018
1,737		RAIT Investment Trust		14
1,967		Ramco-Gershenson Properties		33
5,944		Rayonier, Inc		355
2,360	*	Realogy Holdings Corp		115
7,727		Realty Income Corp		350
4,253		Redwood Trust, Inc		99
4,546		Regency Centers Corp		241
4,090		Resource Capital Corp		27
4,138		Retail Properties of America, Inc		61
5,176		RLJ Lodging Trust		118
1,067		Rouse Properties, Inc		19
1,532		Ryman Hospitality Properties		70
1,780		Sabra Healthcare REIT, Inc		52
330		Saul Centers, Inc		14
7,899		Senior Housing Properties Trust		212
1,141		Silver Bay Realty Trust Corp		24
14,305		Simon Property Group, Inc		2,268
4,148		SL Green Realty Corp		357
1,406		Sovran Self Storage, Inc		91
2,545	*,e	St. Joe Co		54
1,183		STAG Industrial, Inc		25
5,639		Starwood Property Trust, Inc		157
8,848	*	Strategic Hotels & Resorts, Inc		74

40

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
1,510		Summit Hotel Properties, Inc	$	16
1,288		Sun Communities, Inc		64
6,003	*	Sunstone Hotel Investors, Inc		74
4,492		Tanger Factory Outlet Centers, Inc		163
2,937		Taubman Centers, Inc		228
790	*	Tejon Ranch Co		24
400		Terreno Realty Corp		7
1,552		Thomas Properties Group, Inc		8
14,604		Two Harbors Investment Corp		184
12,006		UDR, Inc		290
507		UMH Properties, Inc		5
575		Universal Health Realty Income Trust		33
1,407		Urstadt Biddle Properties, Inc (Class A)		31
14,038		Ventas, Inc		1,028
8,538		Vornado Realty Trust		714
3,217		Washington Real Estate Investment Trust		90
5,688		Weingarten Realty Investors		179
380		Western Asset Mortgage Capital Corp		9
26,107		Weyerhaeuser Co		819
490		Whitestone REIT		7
1,412		Winthrop Realty Trust		18
153	*,e	Zillow, Inc		8
		TOTAL REAL ESTATE		29,986
RETAILING - 4.2%
1,264	*	1-800-FLOWERS.COM, Inc (Class A)		6
3,691		Aaron’s, Inc		106
3,975		Abercrombie & Fitch Co (Class A)		184
3,368		Advance Auto Parts, Inc		278
3,935	*	Aeropostale, Inc		54
16,965	*	Amazon.com, Inc		4,521
9,508		American Eagle Outfitters, Inc		178
580	*	America’s Car-Mart, Inc		27
2,306	*	Ann Taylor Stores Corp		67
1,365	*	Asbury Automotive Group, Inc		50
5,511	*	Ascena Retail Group, Inc		102
1,206	*	Audiovox Corp (Class A)		13
1,684	*	Autonation, Inc		74
1,789	*	Autozone, Inc		710
1,455	*,e	Barnes & Noble, Inc		24
1,533		Bebe Stores, Inc		6
10,832	*	Bed Bath & Beyond, Inc		698
13,067		Best Buy Co, Inc		289
1,412		Big 5 Sporting Goods Corp		22
2,772	*	Big Lots, Inc		98
672	*,e	Blue Nile, Inc		23
578	*	Body Central Corp		5
447	e	Bon-Ton Stores, Inc		6
2,300		Brown Shoe Co, Inc		37
1,313	e	Buckle, Inc		61
2,257	*	Cabela’s, Inc		137
10,635	*	Carmax, Inc		444

41

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
966		Cato Corp (Class A)	$	23
8,131		Chico’s FAS, Inc		137
1,035	*	Children’s Place Retail Stores, Inc		46
836	*	Citi Trends, Inc		9
679	*,e	Conn’s, Inc		24
638		Core-Mark Holding Co, Inc		33
476		Destination Maternity Corp		11
2,260	*	Destination XL Group, Inc		12
4,508		Dick’s Sporting Goods, Inc		213
1,303		Dillard’s, Inc (Class A)		102
8,650	*	Dollar General Corp		438
10,946	*	Dollar Tree, Inc		530
1,596		DSW, Inc (Class A)		102
4,250		Expedia, Inc		255
4,341	*	Express Parent LLC		77
4,474		Family Dollar Stores, Inc		264
2,617		Finish Line, Inc (Class A)		51
380	*	Five Below, Inc		14
6,890		Foot Locker, Inc		236
1,694	*,e	Francesca’s Holdings Corp		49
1,790		Fred’s, Inc (Class A)		25
5,654	e	GameStop Corp (Class A)		158
13,938		Gap, Inc		493
1,189	*	Genesco, Inc		71
7,329		Genuine Parts Co		572
3,592		GNC Holdings, Inc		141
410	*	Gordmans Stores, Inc		5
1,038	e	Group 1 Automotive, Inc		62
2,132	*,e	Groupon, Inc		13
3,144	e	Guess?, Inc		78
1,232		Haverty Furniture Cos, Inc		25
892	*,e	HHgregg, Inc		10
1,197	*	Hibbett Sports, Inc		67
71,590		Home Depot, Inc		4,996
1,550	*,e	HomeAway, Inc		50
2,222		Hot Topic, Inc		31
1,773		HSN, Inc		97
7,757	e	JC Penney Co, Inc		117
1,086	*,e	JOS A Bank Clothiers, Inc		43
891	*	Kirkland’s, Inc		10
10,763		Kohl’s Corp		497
11,391		L Brands, Inc		509
25,849	*	Liberty Media Holding Corp (Interactive A)		553
1,809	*	Liberty Ventures		137
1,111		Lithia Motors, Inc (Class A)		53
14,256	*	LKQ Corp		310
52,475		Lowe’s Companies, Inc		1,990
1,342	*,e	Lumber Liquidators, Inc		94
19,370		Macy’s, Inc		810
1,129	*	MarineMax, Inc		15
534	*,e	Mattress Firm Holding Corp		18
2,482		Men’s Wearhouse, Inc		83

42

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
1,144	e	Monro Muffler, Inc	$	45
2,655	*	NetFlix, Inc		503
888	*	New York & Co, Inc		4
7,222		Nordstrom, Inc		399
1,665		Nutri/System, Inc		14
6,966	*	Office Depot, Inc		27
943	e	OfficeMax, Inc		11
1,309	*,e	Orbitz Worldwide, Inc		8
5,526	*	O’Reilly Automotive, Inc		567
840	*,e	Overstock.com, Inc		10
2,064		Penske Auto Group, Inc		69
2,583	*	PEP Boys - Manny Moe & Jack		31
1,182	e	PetMed Express, Inc		16
4,950		Petsmart, Inc		307
4,168		Pier 1 Imports, Inc		96
2,329	*	Priceline.com, Inc		1,602
5,358		RadioShack Corp		18
2,805		Rent-A-Center, Inc		104
10,702		Ross Stores, Inc		649
769	*	Rue21, Inc		23
5,305	*,e	Saks, Inc		61
7,516	*	Sally Beauty Holdings, Inc		221
1,774	*,e	Sears Holdings Corp		89
2,283	*	Select Comfort Corp		45
775		Shoe Carnival, Inc		16
1,725	*	Shutterfly, Inc		76
3,767		Signet Jewelers Ltd		252
2,027		Sonic Automotive, Inc (Class A)		45
210	*	Sourceforge, Inc		3
1,474		Stage Stores, Inc		38
32,337		Staples, Inc		434
1,440		Stein Mart, Inc		12
461		Systemax, Inc		5
30,848		Target Corp		2,112
5,956	e	Tiffany & Co		414
432	*	Tilly’s, Inc		6
34,792		TJX Companies, Inc		1,627
3,349		Tractor Supply Co		349
3,967	*	TripAdvisor, Inc		208
1,789	*	Tuesday Morning Corp		14
3,056		Ulta Salon Cosmetics & Fragrance, Inc		248
4,798	*	Urban Outfitters, Inc		186
658	*	US Auto Parts Network, Inc		1
1,052	*,e	Vitacost.com, Inc		8
1,434	*	Vitamin Shoppe, Inc		70
640	*	West Marine, Inc		7
5,043	*	Wet Seal, Inc (Class A)		15
1,736	*	WEX, Inc		136
4,298		Williams-Sonoma, Inc		221
133		Winmark Corp		8
1,062	*,e	Zumiez, Inc		24
		TOTAL RETAILING		34,433

43

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.1%
2,226	*	Advanced Energy Industries, Inc	$	41
23,029	*,e	Advanced Micro Devices, Inc		59
844	*	Alpha & Omega Semiconductor Ltd		7
15,086		Altera Corp		535
3,904	*,e	Amkor Technology, Inc		16
3,097	*	Anadigics, Inc		6
13,788		Analog Devices, Inc		641
56,517		Applied Materials, Inc		762
3,650	*	Applied Micro Circuits Corp		27
19,968	*	Atmel Corp		139
1,604	*	ATMI, Inc		36
11,387		Avago Technologies Ltd		409
5,359	*	Axcelis Technologies, Inc		7
1,469	*	AXT, Inc		4
25,584		Broadcom Corp (Class A)		887
3,308		Brooks Automation, Inc		34
806		Cabot Microelectronics Corp		28
2,448	*	Cavium Networks, Inc		95
1,230	*	Ceva, Inc		19
2,833	*	Cirrus Logic, Inc		64
1,302		Cohu, Inc		12
5,075	*,e	Cree, Inc		278
1,500	*	Cymer, Inc		144
7,650	e	Cypress Semiconductor Corp		84
1,921	*	Diodes, Inc		40
1,224	*	DSP Group, Inc		10
6,714	*	Entegris, Inc		66
4,315	*	Entropic Communications, Inc		18
2,444	*	Exar Corp		26
6,197	*	Fairchild Semiconductor International, Inc		88
2,676	*,e	First Solar, Inc		72
2,618	*	Formfactor, Inc		12
2,182	*	Freescale Semiconductor Holdings Ltd		32
1,030	*	GSI Technology, Inc		7
3,453	*,e	GT Solar International, Inc		11
1,461	*	Hittite Microwave Corp		88
1,024	*	Inphi Corp		11
6,477	*	Integrated Device Technology, Inc		48
1,216	*	Integrated Silicon Solution, Inc		11
235,249		Intel Corp		5,140
643	*	Intermolecular, Inc		7
3,528	*	International Rectifier Corp		75
6,580		Intersil Corp (Class A)		57
1,231		IXYS Corp		12
7,718		Kla-Tencor Corp		407
4,206	*	Kopin Corp		16
8,227	*	Lam Research Corp		341
5,950	*	Lattice Semiconductor Corp		32
11,064		Linear Technology Corp		425
27,928	*	LSI Logic Corp		189

44

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
2,408	*	LTX-Credence Corp	$	15
282	*	MA-COM Technology Solutions		5
20,581		Marvell Technology Group Ltd		218
2,801	*	Mattson Technology, Inc		4
13,778		Maxim Integrated Products, Inc		450
383	*	MaxLinear, Inc		2
5,052	*	MEMC Electronic Materials, Inc		22
2,455		Micrel, Inc		26
9,163	e	Microchip Technology, Inc		337
42,944	*	Micron Technology, Inc		429
4,543	*	Microsemi Corp		105
1,664	*,e	Mindspeed Technologies, Inc		6
2,658		MKS Instruments, Inc		72
1,520		Monolithic Power Systems, Inc		37
1,391	*	MoSys, Inc		7
1,014	*	Nanometrics, Inc		15
1,019	*	NeoPhotonics Corp Ltd		5
258	*	NVE Corp		15
29,569		Nvidia Corp		379
2,767	*	Omnivision Technologies, Inc		38
22,048	*	ON Semiconductor Corp		183
1,181	*	PDF Solutions, Inc		19
1,447	*	Pericom Semiconductor Corp		10
2,703	*	Photronics, Inc		18
1,628	*	PLX Technology, Inc		7
11,786	*	PMC - Sierra, Inc		80
1,292		Power Integrations, Inc		56
5,356	*	Rambus, Inc		30
13,977	*	RF Micro Devices, Inc		74
782	*,e	Rubicon Technology, Inc		5
1,464	*	Rudolph Technologies, Inc		17
3,192	*	Semtech Corp		113
1,525	*	Sigma Designs, Inc		7
4,055	*	Silicon Image, Inc		20
1,768	*	Silicon Laboratories, Inc		73
8,707	*	Skyworks Solutions, Inc		192
2,527	*	Spansion, Inc		32
1,361	*	STR Holdings, Inc		3
961	*,e	SunPower Corp		11
493		Supertex, Inc		11
9,372	*	Teradyne, Inc		152
2,769		Tessera Technologies, Inc		52
53,758		Texas Instruments, Inc		1,907
8,183	*	Triquint Semiconductor, Inc		41
928	*	Ultra Clean Holdings		6
1,279	*	Ultratech, Inc		51
1,886	*,e	Veeco Instruments, Inc		72
1,235	*	Volterra Semiconductor Corp		18
12,413		Xilinx, Inc		474
		TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		17,496

45

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
SOFTWARE & SERVICES - 9.1%
2,523	*	Accelrys, Inc	$	25
30,050		Accenture plc		2,283
1,925	*	ACI Worldwide, Inc		94
1,874	*,e	Active Network, Inc		8
19,562		Activision Blizzard, Inc		285
2,448	*	Actuate Corp		15
3,603	*	Acxiom Corp		74
23,041	*	Adobe Systems, Inc		1,003
1,656	*	Advent Software, Inc		46
8,306	*	Akamai Technologies, Inc		293
2,359	*,e	Alliance Data Systems Corp		382
7,726		Amdocs Ltd		280
764		American Software, Inc (Class A)		6
1,747	*	Angie’s List, Inc		35
4,300	*	Ansys, Inc		350
3,821		AOL, Inc		147
4,286	*	Aspen Technology, Inc		138
11,143	*	Autodesk, Inc		460
22,712		Automatic Data Processing, Inc		1,477
2,248	*	Bankrate, Inc		27
443	*,e	Bazaarvoice, Inc		3
2,369		Blackbaud, Inc		70
2,218	*	Blucora, Inc		34
7,419	*	BMC Software, Inc		344
1,196		Booz Allen Hamilton Holding Co		16
1,713	*	Bottomline Technologies, Inc		49
273	*,e	Brightcove, Inc		2
5,554		Broadridge Financial Solutions, Inc		138
1,345	*,e	BroadSoft, Inc		36
16,656		CA, Inc		419
966	*	CACI International, Inc (Class A)		56
13,010	*	Cadence Design Systems, Inc		181
1,555	*,e	Callidus Software, Inc		7
540	*	Carbonite, Inc		6
2,159	*	Cardtronics, Inc		59
480		Cass Information Systems, Inc		20
3,700	*	Ciber, Inc		17
8,787	*	Citrix Systems, Inc		634
643	*,m	Clinical Data, Inc		1
14,163	*	Cognizant Technology Solutions Corp (Class A)		1,085
2,159	*	Commvault Systems, Inc		177
7,234		Computer Sciences Corp		356
760		Computer Task Group, Inc		16
9,466	*	Compuware Corp		118
1,622	*	comScore, Inc		27
1,059	*	Comverse, Inc		30
2,256	*,e	Concur Technologies, Inc		155
1,503	*,e	Constant Contact, Inc		20
5,243		Convergys Corp		89
1,648	*	Cornerstone OnDemand, Inc		56
1,288	*	CoStar Group, Inc		141
1,795	*	CSG Systems International, Inc		38

46

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
2,053	*	DealerTrack Holdings, Inc	$	60
1,448	*	Demand Media, Inc		12
327	*	Demandware, Inc		8
2,464	*	Dice Holdings, Inc		25
2,001	*	Digital River, Inc		28
335		DMRC Corp		7
1,423		DST Systems, Inc		101
5,728		Earthlink, Inc		31
54,108	*	eBay, Inc		2,934
1,521	e	Ebix, Inc		25
15,461	*	Electronic Arts, Inc		274
1,070	*	Ellie Mae, Inc		26
993	*	Envestnet, Inc		17
1,587		EPIQ Systems, Inc		22
206		ePlus, Inc		10
2,338	*	Equinix, Inc		506
2,804	*	Euronet Worldwide, Inc		74
465	*	ExactTarget, Inc		11
1,144	*	ExlService Holdings, Inc		38
19,789	*	Facebook, Inc		506
2,179	e	Factset Research Systems, Inc		202
1,607		Fair Isaac Corp		73
2,479	*	FalconStor Software, Inc		7
11,866		Fidelity National Information Services, Inc		470
4,265	*	First American Corp		110
6,233	*	Fiserv, Inc		547
2,362	*	FleetCor Technologies, Inc		181
471		Forrester Research, Inc		15
6,352	*	Fortinet, Inc		150
4,427	*	Gartner, Inc		241
6,359		Genpact Ltd		116
1,221	*,e,m	Gerber Scientific, Inc		0	^
2,712	*	Global Cash Access, Inc		19
3,681		Global Payments, Inc		183
2,157	*,e	Glu Mobile, Inc		6
12,120	*	Google, Inc (Class A)		9,624
680	*	Guidance Software, Inc		7
937	*	Guidewire Software, Inc		36
1,547		Hackett Group, Inc		7
1,893		Heartland Payment Systems, Inc		62
1,560	*,e	Higher One Holdings, Inc		14
3,483		IAC/InterActiveCorp		156
1,449	*	iGate Corp		27
468	*	Imperva, Inc		18
379	*	Infoblox, Inc		8
5,344	*	Informatica Corp		184
1,066	*	Innodata Isogen, Inc		4
803	*	Interactive Intelligence, Inc		36
3,256	*	Internap Network Services Corp		30
51,018		International Business Machines Corp		10,882
13,696		Intuit, Inc		899
2,611	*	Ipass, Inc		5

47

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
2,389	e	j2 Global, Inc	$	94
3,917		Jack Henry & Associates, Inc		181
950	*,e	Jive Software, Inc		14
941		Keynote Systems, Inc		13
1,667	*	Knot, Inc		17
4,117		Lender Processing Services, Inc		105
3,363	*	Limelight Networks, Inc		7
3,007	*	LinkedIn Corp		529
3,304	*	Lionbridge Technologies		13
1,143	*,e	Liquidity Services, Inc		34
2,686	*	Liveperson, Inc		36
1,024	*	LogMeIn, Inc		20
716	*,e	magicJack VocalTec Ltd		10
738	*	Manhattan Associates, Inc		55
1,171	e	Mantech International Corp (Class A)		31
1,311		Marchex, Inc (Class B)		6
1,092	*	Market Leader, Inc		10
5,078		Mastercard, Inc (Class A)		2,748
1,366		MAXIMUS, Inc		109
4,392		Mentor Graphics Corp		79
3,908	*	Micros Systems, Inc		178
352,792		Microsoft Corp		10,093
425	*	MicroStrategy, Inc (Class A)		43
528	*,e	Millennial Media, Inc		3
2,352	*	ModusLink Global Solutions, Inc		8
1,065	*	MoneyGram International, Inc		19
1,800		Monotype Imaging Holdings, Inc		43
4,617	*	Monster Worldwide, Inc		23
2,146	*	Move, Inc		26
1,792	*	Netscout Systems, Inc		44
1,519	*	NetSuite, Inc		122
3,278	*	NeuStar, Inc (Class A)		153
2,186		NIC, Inc		42
11,238	*	Nuance Communications, Inc		227
1,193	*,e	OpenTable, Inc		75
178,726		Oracle Corp		5,780
14,848		Paychex, Inc		521
792		Pegasystems, Inc		22
1,252	*	Perficient, Inc		15
603	*	Pervasive Software, Inc		6
958	*	PRG-Schultz International, Inc		7
3,045	*	Progress Software Corp		69
289	*	Proofpoint, Inc		5
1,099	*	PROS Holdings, Inc		30
5,816	*	PTC, Inc		148
400		QAD, Inc (Class A)		5
4,136	*	QLIK Technologies, Inc		107
1,192	*	QuinStreet, Inc		7
5,046	*	Rackspace Hosting, Inc		255
1,085		RealNetworks, Inc		8
1,540	*,e	RealPage, Inc		32
9,117	*	Red Hat, Inc		461

48

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
1,734	*	Responsys, Inc	$	15
560	*	Rosetta Stone, Inc		9
5,389	*	Rovi Corp		115
1,356	*	Saba Software, Inc		11
13,809		SAIC, Inc		187
6,508	*	Salesforce.com, Inc		1,164
5,190		Sapient Corp		63
876	*	Sciquest, Inc		21
1,446	*	Seachange International, Inc		17
500	*	ServiceNow, Inc		18
2,425	*,e	ServiceSource International LLC		17
2,993	*	SolarWinds, Inc		177
3,368		Solera Holdings, Inc		196
1,445	*	Sourcefire, Inc		86
420	*	Splunk, Inc		17
510	*	SPS Commerce, Inc		22
1,635	*	SS&C Technologies Holdings, Inc		49
510	*	Stamps.com, Inc		13
2,697	*	SupportSoft, Inc		11
1,911	*	SYKES Enterprises, Inc		31
34,007	*	Symantec Corp		839
326	*,e	Synacor, Inc		1
1,334	*	Synchronoss Technologies, Inc		41
6,459	*	Synopsys, Inc		232
744		Syntel, Inc		50
1,633	*	TA Indigo Holding Corp		10
3,743	*	Take-Two Interactive Software, Inc		60
1,464	*	Tangoe, Inc		18
598	*	TechTarget, Inc		3
834	*	TeleNav, Inc		5
757	*	TeleTech Holdings, Inc		16
7,959	*	Teradata Corp		466
8,011	*	TIBCO Software, Inc		162
5,735	*	TiVo, Inc		71
7,618		Total System Services, Inc		189
285	*	Travelzoo, Inc		6
1,326	*	Tyler Technologies, Inc		81
1,163	*	Ultimate Software Group, Inc		121
2,353	*	Unisys Corp		54
4,557		United Online, Inc		27
4,315	*	Unwired Planet, Inc		10
3,937	*	Valueclick, Inc		116
1,909	*	Vantiv, Inc		45
1,577	*	Vasco Data Security International		13
5,078	*	VeriFone Systems, Inc		105
2,448	*	Verint Systems, Inc		89
7,523		VeriSign, Inc		356
2,063	*,e	VirnetX Holding Corp		40
620	*	Virtusa Corp		15
24,486		Visa, Inc (Class A)		4,159
1,682	*,e	VistaPrint Ltd		65
4,040	*	VMware, Inc (Class A)		319

49

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
792	*	Vocus, Inc	$	11
2,248	*	WebMD Health Corp (Class A)		55
1,434	*	Websense, Inc		22
1,494	*	Website Pros, Inc		26
28,866		Western Union Co		434
1,340	*,e	Workday, Inc		83
51,992	*	Yahoo!, Inc		1,223
409	*,e	Yelp, Inc		10
3,311	*	Zix Corp		12
5,350	*,e	Zynga, Inc		18
		TOTAL SOFTWARE & SERVICES		75,467
TECHNOLOGY HARDWARE & EQUIPMENT - 5.8%
3,202	*,e	3D Systems Corp		103
2,645	*	Acme Packet, Inc		77
3,005	e	Adtran, Inc		59
1,334	*	Agilysys, Inc		13
7,535		Amphenol Corp (Class A)		563
1,061	*	Anaren, Inc		21
1,193		Anixter International, Inc		83
43,780		Apple, Inc		19,378
5,392	*	Arris Group, Inc		93
4,601	*	Arrow Electronics, Inc		187
5,445	*,e	Aruba Networks, Inc		135
308	*	Audience, Inc		5
1,355	*	Avid Technology, Inc		9
6,033	*	Avnet, Inc		218
2,526		AVX Corp		30
995	*	AX Holding Corp		8
779		Badger Meter, Inc		42
674		Bel Fuse, Inc (Class B)		11
2,053	*	Benchmark Electronics, Inc		37
973		Black Box Corp		21
1,815	*,e	Bookham, Inc		2
22,280	*	Brocade Communications Systems, Inc		129
1,369	*	CalAmp Corp		15
1,907	*	Calix Networks, Inc		16
2,124	*	Checkpoint Systems, Inc		28
4,899	*	Ciena Corp		78
250,525		Cisco Systems, Inc		5,239
2,099		Cognex Corp		88
1,087		Coherent, Inc		62
997		Comtech Telecommunications Corp		24
70,455		Corning, Inc		939
1,943	*	Cray, Inc		45
1,799		CTS Corp		19
2,087		Daktronics, Inc		22
708	*	Datalink Corp		9
69,665		Dell, Inc		998
3,067		Diebold, Inc		93
1,490	*	Digi International, Inc		13
2,450	e	Dolby Laboratories, Inc (Class A)		82

50

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

			VALUE
SHARES		COMPANY	(000)
1,102	*	DTS, Inc	$	18
1,837	*	Echelon Corp		5
1,973	*	EchoStar Corp (Class A)		77
1,000		Electro Rent Corp		19
1,450		Electro Scientific Industries, Inc		16
2,122	*	Electronics for Imaging, Inc		54
98,003	*	EMC Corp		2,341
3,637	*	Emulex Corp		24
4,537	*	Extreme Networks, Inc		15
3,679	*	F5 Networks, Inc		328
1,026	*	Fabrinet		15
910	*	FARO Technologies, Inc		40
1,683		FEI Co		109
4,415	*,e	Finisar Corp		58
7,393		Flir Systems, Inc		192
2,588	*,e	Fusion-io, Inc		42
1,197	*	Globecomm Systems, Inc		14
1,328	*	GSI Group, Inc		11
5,307	*	Harmonic, Inc		31
5,292		Harris Corp		245
3,340	*	Harris Stratex Networks, Inc (Class A)		11
92,726		Hewlett-Packard Co		2,211
1,552	*	Imation Corp		6
1,615	*	Immersion Corp		19
5,305	*,e	Infinera Corp		37
7,086	*	Ingram Micro, Inc (Class A)		139
2,496	*	Insight Enterprises, Inc		51
1,861	e	InterDigital, Inc		89
2,592	*	Intermec, Inc		25
1,163	*	Intevac, Inc		6
1,784	*,e	InvenSense, Inc		19
1,555	e	IPG Photonics Corp		103
2,131	*	Itron, Inc		99
1,708	*	Ixia		37
8,999		Jabil Circuit, Inc		166
11,409	*	JDS Uniphase Corp		153
24,858	*	Juniper Networks, Inc		461
2,177	*	Kemet Corp		14
758	*	KVH Industries, Inc		10
2,911	e	Lexmark International, Inc (Class A)		77
1,051		Littelfuse, Inc		71
522		Loral Space & Communications, Inc		32
1,385	*	Maxwell Technologies, Inc		7
742	*	Measurement Specialties, Inc		30
1,540	*	Mercury Computer Systems, Inc		11
126		Mesa Laboratories, Inc		7
2,035		Methode Electronics, Inc		26
6,577	e	Molex, Inc		193
13,544		Motorola, Inc		867
860		MTS Systems Corp		50
555	*	Multi-Fineline Electronix, Inc		9
4,011		National Instruments Corp		131

51

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
7,727	*	NCR Corp	$	213
1,120	*,e	Neonode, Inc		6
17,128	*	NetApp, Inc		585
1,861	*	Netgear, Inc		62
2,159	*	Newport Corp		37
496	*	Numerex Corp		6
2,560	*,e	OCZ Technology Group, Inc		5
1,210	*	Oplink Communications, Inc		20
970	*	OSI Systems, Inc		60
450	*	Palo Alto Networks, Inc		25
1,164		Park Electrochemical Corp		30
3,576	*,e	Parkervision, Inc		13
143		PC Connection, Inc		2
850		PC-Tel, Inc		6
2,022		Plantronics, Inc		89
1,613	*	Plexus Corp		39
8,460	*	Polycom, Inc		94
3,047	*,e	Power-One, Inc		13
950	*	Procera Networks, Inc		11
4,711	*	QLogic Corp		55
80,173		Qualcomm, Inc		5,368
11,444	*	Quantum Corp		15
1,782	*	Rackable Systems, Inc		25
1,200	*	Radisys Corp		6
1,970	*,e	RealD, Inc		26
717		Richardson Electronics Ltd		9
7,065	*	Riverbed Technology, Inc		105
1,445	*	Rofin-Sinar Technologies, Inc		39
790	*	Rogers Corp		38
11,574	*	SanDisk Corp		637
4,084	*	Sanmina Corp		46
930	*	Scansource, Inc		26
2,605	*	ShoreTel, Inc		9
11,025	*	Sonus Networks, Inc		29
2,145	*,e	STEC, Inc		9
954	*,e	Stratasys Ltd		71
1,355	*	Super Micro Computer, Inc		15
2,360	*	Symmetricom, Inc		11
1,327	*	Synaptics, Inc		54
872	*	SYNNEX Corp		32
1,618	*	Tech Data Corp		74
18,322		Tellabs, Inc		38
824		Telular Corp		8
247		Tessco Technologies, Inc		5
11,800	*	Trimble Navigation Ltd		354
2,608	*	TTM Technologies, Inc		20
484		Ubiquiti Networks, Inc		7
1,939	*,e	Universal Display Corp		57
1,758	*	Viasat, Inc		85
128	*	Viasystems Group, Inc		2
5,324	*	Vishay Intertechnology, Inc		72
654	*	Vishay Precision Group, Inc		10

52

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
2,690	*	Westell Technologies, Inc	$	5
10,521		Western Digital Corp		529
60,365		Xerox Corp		519
2,509	*	Zebra Technologies Corp (Class A)		118
1,176	*	Zygo Corp		17
		TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		47,676
TELECOMMUNICATION SERVICES - 2.5%
3,067	*	8x8, Inc		21
257,761		AT&T, Inc		9,457
490		Atlantic Tele-Network, Inc		24
769	*	Boingo Wireless, Inc		4
662	*	Cbeyond Communications, Inc		5
29,295		CenturyTel, Inc		1,029
10,048	*	Cincinnati Bell, Inc		33
7,934	*	Clearwire Corp (Class A)		26
2,389		Cogent Communications Group, Inc		63
1,438		Consolidated Communications Holdings, Inc		25
13,874	*	Crown Castle International Corp		966
1,092	*,e	Fairpoint Communications, Inc		8
49,615	e	Frontier Communications Corp		198
2,090	*	General Communication, Inc (Class A)		19
705		HickoryTech Corp		7
609		IDT Corp (Class B)		7
1,613	*	inContact, Inc		13
2,276	*,e	Iridium Communications, Inc		14
3,287	*,e	Leap Wireless International, Inc		19
7,503	*	Level 3 Communications, Inc		152
757		Lumos Networks Corp		10
14,039	*	MetroPCS Communications, Inc		153
1,751		Neutral Tandem, Inc		6
6,450	*	NII Holdings, Inc (Class B)		28
757		NTELOS Holdings Corp		10
1,760	*	Orbcomm, Inc		9
3,214	*	Premiere Global Services, Inc		35
586		Primus Telecommunications Group, Inc		7
5,889	*	SBA Communications Corp (Class A)		424
854		Shenandoah Telecom Co		13
143,021	*	Sprint Nextel Corp		888
4,484		Telephone & Data Systems, Inc		95
1,746	*,e	Towerstream Corp		4
6,744	*	tw telecom inc (Class A)		170
432	*	US Cellular Corp		16
1,177		USA Mobility, Inc		16
133,174		Verizon Communications, Inc		6,545
7,062	*	Vonage Holdings Corp		20
28,704	e	Windstream Corp		228
		TOTAL TELECOMMUNICATION SERVICES		20,767
TRANSPORTATION - 2.0%
2,669	*	Air Transport Services Group, Inc		16
3,132	*	Alaska Air Group, Inc		200

53

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
511		Allegiant Travel Co	$	45
407		Amerco, Inc		71
1,342		Arkansas Best Corp		16
1,336	*	Atlas Air Worldwide Holdings, Inc		54
4,223	*	Avis Budget Group, Inc		117
988	*	Celadon Group, Inc		21
7,672		CH Robinson Worldwide, Inc		456
2,731		Con-Way, Inc		96
1,607		Copa Holdings S.A. (Class A)		192
49,446		CSX Corp		1,218
40,865	*	Delta Air Lines, Inc		675
539	*	Echo Global Logistics, Inc		12
10,325		Expeditors International of Washington, Inc		369
14,869		FedEx Corp		1,460
1,126		Forward Air Corp		42
1,322	*,e	Genco Shipping & Trading Ltd		4
1,775	*	Genesee & Wyoming, Inc (Class A)		165
2,405	*	Hawaiian Holdings, Inc		14
1,514		Heartland Express, Inc		20
11,277	*	Hertz Global Holdings, Inc		251
1,468	*	Hub Group, Inc (Class A)		56
357		International Shipholding Corp		6
4,019		J.B. Hunt Transport Services, Inc		299
9,209	*,e	JetBlue Airways Corp		64
5,149		Kansas City Southern Industries, Inc		571
2,711	*	Kirby Corp		208
3,018		Knight Transportation, Inc		49
2,283		Landstar System, Inc		130
232		Marten Transport Ltd		5
2,122		Matson, Inc		52
15,238		Norfolk Southern Corp		1,175
3,307	*	Old Dominion Freight Line		126
2,338	*	Pacer International, Inc		12
421	*	Park-Ohio Holdings Corp		14
309	*	Patriot Transportation Holding, Inc		9
748	*	Quality Distribution, Inc		6
859	*,e	Rand Logistics, Inc		5
2,007	*	Republic Airways Holdings, Inc		23
437	*	Roadrunner Transportation Services Holdings, Inc		10
2,596		Ryder System, Inc		155
900	*	Saia, Inc		33
1,535		Skywest, Inc		25
37,318		Southwest Airlines Co		503
1,243	*	Spirit Airlines, Inc		31
2,248	*	Swift Transportation Co, Inc		32
16,141	*	UAL Corp		517
22,333		Union Pacific Corp		3,180
33,838		United Parcel Service, Inc (Class B)		2,907
200		Universal Truckload Services, Inc		5
7,760	*,e	US Airways Group, Inc		132
5,030		UTI Worldwide, Inc		73
2,203		Werner Enterprises, Inc		53

54

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
842	*,e	XPO Logistics, Inc	$	14
		TOTAL TRANSPORTATION		15,994
UTILITIES - 3.5%
29,654		AES Corp		373
5,564		AGL Resources, Inc		233
1,847		Allete, Inc		91
5,249		Alliant Energy Corp		263
11,360		Ameren Corp		398
22,487		American Electric Power Co, Inc		1,094
523		American States Water Co		30
8,035		American Water Works Co, Inc		333
6,719		Aqua America, Inc		211
366		Artesian Resources Corp		8
5,498	e	Atlantic Power Corp		27
4,376		Atmos Energy Corp		187
2,915		Avista Corp		80
2,076		Black Hills Corp		91
727	*,e	Cadiz, Inc		5
2,026		California Water Service Group		40
18,338	*	Calpine Corp		378
19,874		Centerpoint Energy, Inc		476
489		CH Energy Group, Inc		32
551		Chesapeake Utilities Corp		27
2,955		Cleco Corp		139
11,966		CMS Energy Corp		334
518		Connecticut Water Service, Inc		15
13,595		Consolidated Edison, Inc		830
892		Consolidated Water Co, Inc		9
339		Delta Natural Gas Co, Inc		7
26,630		Dominion Resources, Inc		1,549
7,770		DTE Energy Co		531
32,855		Duke Energy Corp		2,385
15,196		Edison International		765
1,646		El Paso Electric Co		55
1,386		Empire District Electric Co		31
8,297		Entergy Corp		525
40,179		Exelon Corp		1,385
19,396		FirstEnergy Corp		818
609		Genie Energy Ltd		6
6,564		Great Plains Energy, Inc		152
4,806	e	Hawaiian Electric Industries, Inc		133
2,426		Idacorp, Inc		117
3,529		Integrys Energy Group, Inc		205
2,482		ITC Holdings Corp		222
1,170		Laclede Group, Inc		50
9,189		MDU Resources Group, Inc		230
837		MGE Energy, Inc		46
813		Middlesex Water Co		16
3,522		National Fuel Gas Co		216
2,008		New Jersey Resources Corp		90
19,566		NextEra Energy, Inc		1,520

55

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
13,829		NiSource, Inc	$	406
14,777		Northeast Utilities		642
1,299		Northwest Natural Gas Co		57
1,761		NorthWestern Corp		70
15,486		NRG Energy, Inc		410
10,662		NV Energy, Inc		214
4,487		OGE Energy Corp		314
9,770		Oneok, Inc		466
919	e	Ormat Technologies, Inc		19
1,956		Otter Tail Corp		61
11,070		Pepco Holdings, Inc		237
19,496		PG&E Corp		868
3,046		Piedmont Natural Gas Co, Inc		100
5,024		Pinnacle West Capital Corp		291
4,395		PNM Resources, Inc		102
3,801		Portland General Electric Co		115
28,315		PPL Corp		887
23,435		Public Service Enterprise Group, Inc		805
8,653		Questar Corp		211
5,492		SCANA Corp		281
11,193		Sempra Energy		895
678		SJW Corp		18
1,513		South Jersey Industries, Inc		84
40,972		Southern Co		1,922
2,247		Southwest Gas Corp		107
10,471		TECO Energy, Inc		187
5,470		UGI Corp		210
2,458		UIL Holdings Corp		97
597		Unitil Corp		17
1,902		UNS Energy Corp		93
3,990		Vectren Corp		141
5,819		Westar Energy, Inc		193
2,570		WGL Holdings, Inc		113
10,808		Wisconsin Energy Corp		464
22,985		Xcel Energy, Inc		683
672		York Water Co		13
		TOTAL UTILITIES		28,551
		TOTAL COMMON STOCKS (Cost $494,434)		816,197
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
559	e	Magnum Hunter Resources Corp		0	^
		TOTAL ENERGY		0	^
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
4,202		Allos Therapeutics, Inc		0	^
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		0	^
		TOTAL RIGHTS / WARRANTS (Cost $0)		0	^

56

TIAA SEPARATE ACCOUNT VA-1 - STOCK INDEX ACCOUNT

SHARES		COMPANY	VALUE (000)
SHORT-TERM INVESTMENTS - 2.6%
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 2.6%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.6%
21,360,138	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	21,360
		TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		21,360
		TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED		21,360
		TOTAL SHORT-TERM INVESTMENTS (Cost $21,360)		21,360
		TOTAL INVESTMENTS - 102.2% (Cost $515,794)		837,557
		OTHER ASSETS & LIABILITIES, NET - (2.2)%		(17,945	)
		NET ASSETS - 100.0%	$	819,612

Abbreviation(s):
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts

* Non-income producing.

^ Amount represents less than $1,000.

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 or other requirements on open futures transactions.

e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $20,865,090.

m Indicates a security that has been deemed illiquid.

Cost amounts are in thousands.

57

TIAA SEPARATE ACCOUNT VA-1 - Notes to Schedule of Investments (unaudited)

Note 1—organization and significant accounting policies

TIAA Separate Account VA-1 (“VA-1”) is a segregated investment account of Teachers Insurance and Annuity Association of America (“TIAA”) and is organized under the insurance laws of the State of New York for the purpose of issuing and funding individual variable annuity contracts. The variable annuity contracts were issued by TIAA. VA-1 is registered with the Securities and Exchange Commission as an open-end management investment company under the Investment Company Act of 1940, as amended (“1940 Act”). VA-1 consists of a single investment portfolio, the Stock Index Account (“Account”).

The accompanying schedule of investments was 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 Account.

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

Investment transactions: Security transactions are accounted for as of the trade date for financial reporting purposes.

Transactions with affiliates: The Account 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 Committee. 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 Account’s own assumptions in determining the fair value of investments)

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

A description of the valuation techniques applied to the Account’s 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 price 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 Account’s net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Committee. 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. 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.

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TIAA SEPARATE ACCOUNT VA-1 - Notes to Schedule of Investments (unaudited)

Investments in registered investment companies: These investments are valued at their net asset value on the valuation date. These investments are categorized in Level 1 of the fair value hierarchy.

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

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Committee. 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 March 31, 2013, there were no material transfers between levels by the Account.

The following is a summary of inputs used to value the funds investments as of March 31, 2013 (amounts in thousands):

	Level 1		Level 2		Level 3		Total
Consumer discretionary	$	103,109	$	—	$	—	$	103,109
Consumer staples		77,670		—		—		77,670
Energy		80,703		—		—		80,703
Financials		140,970		—		—		140,970
Health care		100,108		—		—		100,108
Industrials		92,166		—		—		92,166
Information technology		140,775		1		—		140,776
Materials		31,377		—		—		31,377
Telecommunication services		20,767		—		—		20,767
Utilities		28,551		—		—		28,551
Short-term investments		21,360		—		—		21,360
Futures**		4		—		—		4
Total	$	837,560	$	1	$	—	$	837,561

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

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 Account values derivatives at fair value.

Futures contracts: The Account is subject to equity price risk in the normal course of pursuing its investment objectives. The Account uses 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. 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 Account since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange traded funds, guarantees the futures against default.

59

TIAA SEPARATE ACCOUNT VA-1 - Notes to Schedule of Investments (unaudited)

At March 31, 2013, the Account held the following futures contracts (amounts are in thousands):

Futures	Number of contracts‡		Settlement value		Expiration date	Unrealized gain (loss)
S&P 500 Index E-mini		15	$	1,172	June 2013	$	4

‡ Number of contracts are not in thousands.

Note 4—investments

Securities lending: The Account may lend its securities to qualified institutional borrowers to earn additional income. The Account 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 the Account 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. The Account bears the market risk with respect to the collateral investment, securities loaned, and the risk that the counterparty may default on its obligations to the Account.

Restricted securities: Restricted securities held by the Account, 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 March 31, 2013, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments was $321,763,000, consisting of gross unrealized appreciation of $380,717,000 and gross unrealized depreciation of $(58,954,000).

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Item 2. Controls and Procedures.

(a) An evaluation was performed within 90 days of the filing date of the report 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 SEPARATE ACCOUNT VA-1
Date: May 17, 2013	By:	/s/ Roger W. Ferguson, Jr.
		Roger W. Ferguson, Jr.
		President and Chief Executive Officer

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

Date: May 17, 2013	By:	/s/ Roger W. Ferguson, Jr.
		Roger W. Ferguson, Jr.
		President and Chief Executive Officer
		(principal executive officer)

Date: May 17, 2013	By:	/s/ Phillip G. Goff
		Phillip G. Goff
		Chief 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