UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-09301

TIAA-CREF FUNDS
(Formerly, TIAA-CREF Institutional Mutual Funds)
(Exact name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206
(Address of principal executive offices) (Zip code)

Stewart P. Greene, Esq.
c/o TIAA-CREF
730 Third Avenue
New York, New York 10017-3206
(Name and address of agent for service)

Registrant's telephone number, including area code: 212-490-9000

Date of fiscal year end: September 30

Date of reporting period: December 31, 2009

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.42%
AMUSEMENT AND RECREATION SERVICES - 1.09%
90,893	*	Bally Technologies, Inc	$	3,752,972
94,167	*	Pinnacle Entertainment, Inc		845,620
373,568		Walt Disney Co		12,047,568
		TOTAL AMUSEMENT AND RECREATION SERVICES		16,646,160
APPAREL AND ACCESSORY STORES - 0.72%
274,822		American Eagle Outfitters, Inc		4,666,477
171,318	*	AnnTaylor Stores Corp		2,336,778
117,002	*	Urban Outfitters, Inc		4,093,900
		TOTAL APPAREL AND ACCESSORY STORES		11,097,155
APPAREL AND OTHER TEXTILE PRODUCTS - 0.74%
184,730		Guess ?, Inc		7,814,079
143,630	*	Hanesbrands, Inc		3,462,919
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		11,276,998
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.82%
434,489		Home Depot, Inc		12,569,767
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		12,569,767
BUSINESS SERVICES - 9.06%
217,057	*	Amdocs Ltd		6,192,636
63,485		Ctrip.com International Ltd (ADR)		4,562,032
187,431	*	eBay, Inc		4,412,126
46,494	*	Google, Inc (Class A)		28,825,350
167,267	*	Informatica Corp		4,325,525
1,329,104		Microsoft Corp		40,524,380
433,962	*	Nuance Communications, Inc		6,743,769
614,336		Oracle Corp		15,075,805
52,578	*	Sohu.com, Inc		3,011,668
160,109	*	SolarWinds, Inc		3,684,108
254,713	*	Symantec Corp		4,556,816
142,534		Visa, Inc (Class A)		12,466,024
275,156	*	Yahoo!, Inc		4,617,118
		TOTAL BUSINESS SERVICES		138,997,357
CHEMICALS AND ALLIED PRODUCTS - 13.95%
164,109		Abbott Laboratories		8,860,245
62,290		Agrium, Inc		3,830,835
161,397	*	Amgen, Inc		9,130,228
488,258		Bristol-Myers Squibb Co		12,328,515
60,155		Colgate-Palmolive Co		4,941,733
474,453		Dow Chemical Co		13,109,136

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES		COMPANY	VALUE
135,445		Du Pont (E.I.) de Nemours & Co	$	4,560,433
422,976		Ferro Corp		3,485,322
145,662	*	Forest Laboratories, Inc		4,677,207
288,512	*	Gilead Sciences, Inc		12,486,799
204,466		GlaxoSmithKline plc		4,335,887
367,137		Johnson & Johnson		23,647,294
483,298	*	King Pharmaceuticals, Inc		5,930,066
246,395		Merck & Co, Inc		9,003,273
99,070		Monsanto Co		8,098,973
532,648	*	Mylan Laboratories, Inc		9,816,703
197,336		Novartis AG. (ADR)		10,740,998
1,332,079		Pfizer, Inc		24,230,517
83,716		Praxair, Inc		6,723,232
420,677		Procter & Gamble Co		25,505,647
200		Sherwin-Williams Co		12,330
68,471		Teva Pharmaceutical Industries Ltd (ADR)		3,846,701
90,296	*	United Therapeutics Corp		4,754,084
		TOTAL CHEMICALS AND ALLIED PRODUCTS		214,056,158
COMMUNICATIONS - 3.65%
662,050		AT&T, Inc		18,557,262
117,563		Cablevision Systems Corp (Class A)		3,035,477
258,777	*	DIRECTV		8,630,213
134,364	*	SBA Communications Corp (Class A)		4,589,874
637,030		Verizon Communications, Inc		21,104,803
		TOTAL COMMUNICATIONS		55,917,629
DEPOSITORY INSTITUTIONS - 8.15%
1,942,960		Bank of America Corp		29,260,978
4,872,456		Citigroup, Inc		16,127,829
771,710		JPMorgan Chase & Co		32,157,155
184,834		People’s United Financial, Inc		3,086,728
187,272		State Street Corp		8,153,823
577,596		US Bancorp		13,001,686
862,295		Wells Fargo & Co		23,273,342
		TOTAL DEPOSITORY INSTITUTIONS		125,061,541
EATING AND DRINKING PLACES - 0.56%
137,364		McDonald’s Corp		8,577,008
		TOTAL EATING AND DRINKING PLACES		8,577,008
ELECTRIC, GAS, AND SANITARY SERVICES - 2.73%
461,596	*	AES Corp		6,143,843
270,366		Allegheny Energy, Inc		6,348,194
55,175		Entergy Corp		4,515,522
517,300		NV Energy, Inc		6,404,174
261,466		PG&E Corp		11,674,457
164,781		Questar Corp		6,849,946
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		41,936,136

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES		COMPANY	VALUE
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 10.19%
123,025		Analog Devices, Inc	$	3,885,130
166,284	*	Apple Computer, Inc		35,062,643
1,092,160	*	Cisco Systems, Inc		26,146,309
200,190		Cooper Industries plc		8,536,102
83,230		Eaton Corp		5,295,093
1,326,431		General Electric Co		20,068,901
864,075		Intel Corp		17,627,130
463,266	*	Marvell Technology Group Ltd		9,612,770
810,716	*	Micron Technology, Inc		8,561,161
271,310	*	QLogic Corp		5,119,620
354,039		Qualcomm, Inc		16,377,844
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		156,292,703
ENGINEERING AND MANAGEMENT SERVICES - 0.47%
382,355		KBR, Inc		7,264,745
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		7,264,745
FABRICATED METAL PRODUCTS - 0.29%
87,552		Stanley Works		4,509,804
		TOTAL FABRICATED METAL PRODUCTS		4,509,804
FOOD AND KINDRED PRODUCTS - 4.46%
283,851		Coca-Cola Co		16,179,507
41,820		Diageo plc (ADR)		2,902,726
150,597		General Mills, Inc		10,663,774
168,301	*	Hansen Natural Corp		6,462,758
111,850		InBev NV		5,790,155
214,394		PepsiCo, Inc		13,035,155
179,166	*	Smithfield Foods, Inc		2,721,532
331,365		Unilever plc		10,622,031
		TOTAL FOOD AND KINDRED PRODUCTS		68,377,638
FURNITURE AND HOME FURNISHINGS STORES - 0.29%
113,076		Best Buy Co, Inc		4,461,979
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		4,461,979
GENERAL MERCHANDISE STORES - 2.12%
71,810		Costco Wholesale Corp		4,248,998
90,685		Target Corp		4,386,433
147,695		TJX Companies, Inc		5,398,252
346,699		Wal-Mart Stores, Inc		18,531,062
		TOTAL GENERAL MERCHANDISE STORES		32,564,745
HEALTH SERVICES - 1.79%
179,727		McKesson Corp		11,232,938
254,499	*	Medco Health Solutions, Inc		16,265,031
		TOTAL HEALTH SERVICES		27,497,969
HOLDING AND OTHER INVESTMENT OFFICES - 0.27%
20,077		Simon Property Group, Inc		1,602,145
132,099		Starwood Property Trust, Inc		2,495,350
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		4,097,495

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES		COMPANY	VALUE
INDUSTRIAL MACHINERY AND EQUIPMENT - 6.82%
361,270	*	Brocade Communications Systems, Inc	$	2,756,490
431,795	*	EMC Corp		7,543,459
176,717		Emerson Electric Co		7,528,144
437,098		Hewlett-Packard Co		22,514,918
198,442		Ingersoll-Rand plc		7,092,317
176,264		International Business Machines Corp		23,072,957
312,769	*	Palm, Inc		3,140,201
187,603		Raytheon Co		9,665,307
265,008	*	SanDisk Corp		7,682,582
281,841		Textron, Inc		5,301,429
232,224		Tyco International Ltd		8,285,752
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		104,583,556
INSTRUMENTS AND RELATED PRODUCTS - 2.47%
248,178		Baxter International, Inc		14,563,085
1,350,936	*	Boston Scientific Corp		12,158,424
251,379		PerkinElmer, Inc		5,175,894
161,772	*	St. Jude Medical, Inc		5,949,974
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		37,847,377
INSURANCE CARRIERS - 3.01%
211,293		ACE Ltd		10,649,167
335,586		Cigna Corp		11,836,118
100	*	Greenlight Capital Re Ltd (Class A)		2,357
84,106		PartnerRe Ltd		6,279,354
180,457	*	Progressive Corp		3,246,421
284,630		Prudential Financial, Inc		14,163,190
		TOTAL INSURANCE CARRIERS		46,176,607
LEGAL SERVICES - 0.26%
84,362	*	FTI Consulting, Inc		3,978,512
		TOTAL LEGAL SERVICES		3,978,512
METAL MINING - 1.15%
169,993		Anglo American plc		7,361,991
76,110		Barrick Gold Corp		2,997,212
176,067		Companhia Vale do Rio Doce (ADR)		5,111,225
39,857		Rio Tinto plc		2,152,152
		TOTAL METAL MINING		17,622,580
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.65%
198,825		Jarden Corp		6,145,681
187,741		Mattel, Inc		3,751,065
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		9,896,746
MISCELLANEOUS RETAIL - 0.83%
89,169	*	Amazon.com, Inc		11,995,014
33,277	*	Vitamin Shoppe, Inc		740,080
		TOTAL MISCELLANEOUS RETAIL		12,735,094

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES		COMPANY	VALUE
MOTION PICTURES - 2.29%
346,280	*	Discovery Communications, Inc (Class A)	$	10,620,407
112,710	*	DreamWorks Animation SKG, Inc (Class A)		4,502,765
224,769		Scripps Networks Interactive (Class A)		9,327,914
364,337		Time Warner, Inc		10,616,780
		TOTAL MOTION PICTURES		35,067,866
NONDEPOSITORY INSTITUTIONS - 0.44%
455,847		Discover Financial Services		6,705,509
		TOTAL NONDEPOSITORY INSTITUTIONS		6,705,509
OIL AND GAS EXTRACTION - 5.63%
251,972		Anadarko Petroleum Corp		15,728,092
63,697		Apache Corp		6,571,619
228,396	*	Cameron International Corp		9,546,953
301,279	*	Cobalt International Energy, Inc		4,169,701
662,454		Halliburton Co		19,933,242
216,743	*	Newfield Exploration Co		10,453,515
132,721		Occidental Petroleum Corp		10,796,853
140,446		Petroleo Brasileiro S.A. (ADR)		6,696,465
118,639		Tullow Oil plc		2,489,099
		TOTAL OIL AND GAS EXTRACTION		86,385,539
PAPER AND ALLIED PRODUCTS - 0.61%
147,957		Kimberly-Clark Corp		9,426,340
		TOTAL PAPER AND ALLIED PRODUCTS		9,426,340
PETROLEUM AND COAL PRODUCTS - 5.44%
311,688		Chevron Corp		23,996,859
47,645		Enterprise Products Partners LP		1,496,529
754,742		Exxon Mobil Corp		51,465,858
85,379		Walter Industries, Inc		6,429,892
		TOTAL PETROLEUM AND COAL PRODUCTS		83,389,138
PRIMARY METAL INDUSTRIES - 0.47%
64,796		Precision Castparts Corp		7,150,239
		TOTAL PRIMARY METAL INDUSTRIES		7,150,239
RAILROAD TRANSPORTATION - 0.89%
213,687		Union Pacific Corp		13,654,599
		TOTAL RAILROAD TRANSPORTATION		13,654,599
SECURITY AND COMMODITY BROKERS - 1.66%
132,661		Goldman Sachs Group, Inc		22,398,483
57,563		T Rowe Price Group, Inc		3,065,230
		TOTAL SECURITY AND COMMODITY BROKERS		25,463,713
STONE, CLAY, AND GLASS PRODUCTS - 0.56%
120,186		Corning, Inc		2,320,792

5

TIAA-CREF FUNDS - Growth & Income Fund

SHARES		COMPANY	VALUE
192,055	*	Owens-Illinois, Inc	$	6,312,848
		TOTAL STONE, CLAY, AND GLASS PRODUCTS		8,633,640
TOBACCO PRODUCTS - 0.89%
284,639		Philip Morris International, Inc		13,716,753
		TOTAL TOBACCO PRODUCTS		13,716,753
TRANSPORTATION BY AIR - 0.99%
189,716	*	Continental Airlines, Inc (Class B)		3,399,711
140,962		FedEx Corp		11,763,279
		TOTAL TRANSPORTATION BY AIR		15,162,990
TRANSPORTATION EQUIPMENT - 2.41%
175,959	*	Autoliv, Inc		7,629,582
188,069		Goodrich Corp		12,083,434
116,537		Honeywell International, Inc		4,568,250
183,546		United Technologies Corp		12,739,929
		TOTAL TRANSPORTATION EQUIPMENT		37,021,195
TRUCKING AND WAREHOUSING - 0.40%
106,528		United Parcel Service, Inc (Class B)		6,111,511
		TOTAL TRUCKING AND WAREHOUSING		6,111,511
WHOLESALE TRADE-NONDURABLE GOODS - 0.20%
94,536		Terra Industries, Inc		3,043,114
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,043,114
		TOTAL COMMON STOCKS		1,524,975,605
		(Cost $1,398,449,765)
		TOTAL INVESTMENTS - 99.42%		1,524,975,605
		(Cost $1,398,449,765)
		OTHER ASSETS AND LIABILITIES, NET - 0.58%		8,878,036
		NET ASSETS - 100.00%	$	1,533,853,641

	The following abbreviations are used in portfolio descriptions:
ADR	American Depositary Receipt
LP	Limited Partnership
plc	Public Limited Company
*	Non-income producing

6

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.84%
BUSINESS SERVICES - 5.24%
	1,624,538		Adecco S.A.	$	89,617,589
	811,303	*	Autonomy Corp plc		19,702,038
	35,700		Mitsubishi UFJ Lease & Finance Co Ltd		1,075,499
	105		NTT Data Corp		325,591
			TOTAL BUSINESS SERVICES		110,720,717
CHEMICALS AND ALLIED PRODUCTS - 18.23%
	33,100		Astellas Pharma, Inc		1,234,922
	68,700		Eisai Co Ltd		2,525,838
	1,733,466		Henkel KGaA (Preference)		91,029,631
	39,300		Hisamitsu Pharmaceutical Co, Inc		1,269,205
	201,800		Kao Corp		4,729,528
	63,000		Kissei Pharmaceutical Co Ltd		1,241,119
	36,000		Kyowa Hakko Kogyo Co Ltd		380,693
	2,060,192		Lanxess AG.		77,883,104
	729,273		Novartis AG.		39,825,030
	945,495		Reckitt Benckiser Group plc		51,179,783
	264,000		Shin-Etsu Chemical Co Ltd		14,905,001
	333,271		Syngenta AG.		94,118,294
	53,600		Takeda Pharmaceutical Co Ltd		2,208,386
	36,000		Tanabe Seiyaku Co Ltd		449,203
	56,200		Tsumura & Co		1,816,861
	143,000		UBE Industries Ltd		391,249
			TOTAL CHEMICALS AND ALLIED PRODUCTS		385,187,847
COMMUNICATIONS - 0.41%
	174,000		Nippon Telegraph & Telephone Corp		6,873,530
	302		NTT DoCoMo, Inc		421,437
	633,608		Vodafone Group plc		1,467,255
			TOTAL COMMUNICATIONS		8,762,222
DEPOSITORY INSTITUTIONS - 6.56%
	1,206		Australia & New Zealand Banking Group Ltd		24,576
	11,294,700		Bank Rakyat Indonesia		9,077,922
	1,000,644		HDFC Bank Ltd		36,460,870
	2,210,743		HSBC Holdings plc		25,220,927
	4,021,900		Mitsubishi UFJ Financial Group, Inc		19,811,008
	152,000		Mitsui Trust Holdings, Inc		512,034
	20,825		National Australia Bank Ltd		508,215
	22,327		Societe Generale		1,551,279
	328,400		Sumitomo Mitsui Financial Group, Inc		9,423,556
	58,000		Suruga Bank Ltd		505,433
	2,293,539	*	UBS A.G. (Switzerland)		35,715,483
			TOTAL DEPOSITORY INSTITUTIONS		138,811,303

7

TIAA-CREF FUNDS - International Equity Fund

SHARES		COMPANY	VALUE
ELECTRIC, GAS, AND SANITARY SERVICES - 4.03%
	185,000	Chubu Electric Power Co, Inc	$	4,413,278
	7,141,393	Energias de Portugal S.A.		31,794,002
	1,118,306	Fortum Oyj		30,339,053
	38,400	Hokkaido Electric Power Co, Inc		696,608
	32,100	Hokuriku Electric Power Co		700,873
	114,200	Kansai Electric Power Co, Inc		2,577,099
	104,400	Kyushu Electric Power Co, Inc		2,150,317
	113,300	Tohoku Electric Power Co, Inc		2,245,315
	236,500	Tokyo Electric Power Co, Inc		5,935,780
	1,116,000	Tokyo Gas Co Ltd		4,454,660
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		85,306,985
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 8.14%
	10,701,072	Hon Hai Precision Industry Co, Ltd		50,045,207
	80	Hoya Corp		2,135
	86,600	Matsushita Electric Industrial Co Ltd		1,246,728
	1,461,000	Mitsubishi Electric Corp		10,853,265
	2,000	Murata Manufacturing Co Ltd		99,814
	16,100	Nidec Corp		1,488,009
	21,400	Nitto Denko Corp		768,769
	756,241	Nokia Oyj		9,778,194
	6,841,650	Powertech Technology, Inc		23,177,713
	4,328,333	Smiths Group plc		70,560,180
	135,400	Sony Corp		3,936,317
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		171,956,331
ENGINEERING AND MANAGEMENT SERVICES - 1.18%
	332,585	Tecan Group AG.		24,983,160
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		24,983,160
FOOD AND KINDRED PRODUCTS - 2.76%
	41,400	Asahi Breweries Ltd		762,477
	991,311	InBev NV		51,317,340
	275,000	Toyo Suisan Kaisha Ltd		6,341,675
		TOTAL FOOD AND KINDRED PRODUCTS		58,421,492
GENERAL MERCHANDISE STORES - 0.89%
	40,796	Shinsegae Co Ltd		18,843,202
		TOTAL GENERAL MERCHANDISE STORES		18,843,202
HEAVY CONSTRUCTION, EXCEPT BUILDING - 1.50%
	921,696	Saipem S.p.A.		31,808,140
		TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		31,808,140
HOLDING AND OTHER INVESTMENT OFFICES - 2.76%
	178,927	Bellevue Group AG.		6,027,977
	420	DA Office Investment Corp		892,212
	2,999,220	iShares MSCI Japan Index Fund		29,212,404
	357	Japan Excellent, Inc		1,591,137

8

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
	170	*	Japan Retail Fund Investment Corp	$	764,532
	285	*	Kenedix Realty Investment Corp		780,301
	162		Nippon Accommodations Fund, Inc		847,343
	19		Nomura Real Estate Office Fund, Inc		103,334
	188		Nomura Real Estate Residential Fund, Inc		683,419
	519		Premier Investment Co		1,699,503
	357		Top REIT Inc		1,585,571
	163		United Urban Investment Corp		861,675
	1,181,477		Westfield Group		13,222,980
			TOTAL HOLDING AND OTHER INVESTMENT OFFICES		58,272,388

INDUSTRIAL MACHINERY AND EQUIPMENT - 5.15%
	99,800		Canon, Inc	4,245,338
	39,400		Daikin Industries Ltd	1,556,191
	26,800		Fanuc Ltd	2,497,813
	19,020		FUJIFILM Holdings Corp	574,417
	704,214	*	Hollysys Automation Technologies Ltd	8,457,610
	150,480		Komatsu Ltd	3,150,174
	53,832,300		Lenovo Group Ltd	33,361,078
	866,642		Rheinmetall AG.	55,022,107
	25,900	*	Sumitomo Heavy Industries Ltd	131,123
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT	108,995,851
INSTRUMENTS AND RELATED PRODUCTS - 2.05%
	350,067		Phonak Holding AG.	42,410,635
	15,200		Terumo Corp	916,103
			TOTAL INSTRUMENTS AND RELATED PRODUCTS	43,326,738
INSURANCE AGENTS, BROKERS AND SERVICE - 0.04%
	34,200		Millea Holdings, Inc	933,291
			TOTAL INSURANCE AGENTS, BROKERS AND SERVICE	933,291
INSURANCE CARRIERS - 0.16%
	53,600		Mitsui Sumitomo Insurance Group Holdings, Inc	1,369,008
	226,000		Sompo Japan Insurance, Inc	1,457,125
	32,150		T&D Holdings, Inc	661,175
			TOTAL INSURANCE CARRIERS	3,487,308
METAL MINING - 2.60%
	782,964		Anglo American plc	33,908,300
	115,911		Rio Tinto Ltd	7,737,621
	248,536		Rio Tinto plc	13,420,159
			TOTAL METAL MINING	55,066,080
MISCELLANEOUS RETAIL - 0.19%
	199,100		Seven & I Holdings Co Ltd	4,065,309
			TOTAL MISCELLANEOUS RETAIL	4,065,309
NONDEPOSITORY INSTITUTIONS - 0.49%
	150,706		ORIX Corp	10,260,705
			TOTAL NONDEPOSITORY INSTITUTIONS	10,260,705

9

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
OIL AND GAS EXTRACTION - 5.58%
	2,215,651		BG Group plc	$	40,006,454
	17,795,000		CNOOC Ltd		27,723,565
	313		Inpex Holdings, Inc		2,366,626
	2,281,712		Tullow Oil plc		47,871,326
			TOTAL OIL AND GAS EXTRACTION		117,967,971
PAPER AND ALLIED PRODUCTS - 2.10%
	27,461,400		Nine Dragons Paper Holdings Ltd		43,802,799
	107,000		Rengo Co Ltd		635,977
			TOTAL PAPER AND ALLIED PRODUCTS		44,438,776
PETROLEUM AND COAL PRODUCTS - 1.02%
	1,849,068		BP plc		17,854,937
	113,813		Royal Dutch Shell plc (A Shares)		3,444,011
	5,168		Total S.A.		331,940
			TOTAL PETROLEUM AND COAL PRODUCTS		21,630,888
PRIMARY METAL INDUSTRIES - 0.13%
	557,000		Sumitomo Metal Industries Ltd		1,497,239
	80,000		Sumitomo Metal Mining Co Ltd		1,180,603
			TOTAL PRIMARY METAL INDUSTRIES		2,677,842
RAILROAD TRANSPORTATION - 0.54%
	405		Central Japan Railway Co		2,710,780
	87,000		East Japan Railway Co		5,505,422
	981		West Japan Railway Co		3,288,946
			TOTAL RAILROAD TRANSPORTATION		11,505,148
REAL ESTATE - 0.15%
	18		City Developments Ltd		147
	114,160		Goldcrest Co Ltd		3,196,732
			TOTAL REAL ESTATE		3,196,879
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 6.62%
	1,165,564		Bayer AG.		93,272,567
	250,000	*	NOK Corp		3,448,205
	3,407,887		SSL International plc		43,045,904
			TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		139,766,676
SECURITY AND COMMODITY BROKERS - 6.17%
	1,073,490		Credit Suisse Group		53,182,118
	903,265		Deutsche Boerse AG.		74,799,063
	341,600		Nomura Holdings, Inc		2,540,367
			TOTAL SECURITY AND COMMODITY BROKERS		130,521,548
TEXTILE MILL PRODUCTS - 1.45%
	9,515,000		Teijin Ltd		30,741,802
			TOTAL TEXTILE MILL PRODUCTS		30,741,802

10

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
TRANSPORTATION BY AIR - 1.91%
	13,462,629	*	British Airways plc	$	40,490,784
			TOTAL TRANSPORTATION BY AIR		40,490,784
TRANSPORTATION EQUIPMENT - 1.18%
	71,260	*	Denso Corp		2,153,268
	293,300	*	Honda Motor Co Ltd		9,951,279
	89,300		JTEKT Corp		1,148,552
	276,800		Toyota Motor Corp		11,670,153
			TOTAL TRANSPORTATION EQUIPMENT		24,923,252
WATER TRANSPORTATION - 0.04%
	179,000		Mitsui OSK Lines Ltd		945,598
			TOTAL WATER TRANSPORTATION		945,598
WHOLESALE TRADE-DURABLE GOODS - 9.53%
	3,151,919		Assa Abloy AB (Class B)		60,721,710
	11,166,000		Li & Fung Ltd		46,165,088
	187,510		Mitsubishi Corp		4,670,607
	203,600		Mitsui & Co Ltd		2,888,292
	428,050		Sumitomo Corp		4,358,722
	2,194,448		ThyssenKrupp AG.		82,494,271
			TOTAL WHOLESALE TRADE-DURABLE GOODS		201,298,690
WHOLESALE TRADE-NONDURABLE GOODS - 0.04%
	188,000		Nippon Oil Corp		871,588
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		871,588
			TOTAL COMMON STOCKS		2,090,186,511
			(Cost $2,029,733,670)
			TOTAL INVESTMENTS - 98.84%		2,090,186,511
			(Cost $2,029,733,670)
			OTHER ASSETS AND LIABILITIES, NET - 1.16%		24,486,438
			NET ASSETS - 100.00%	$	2,114,672,949

	The following abbreviations are used in portfolio descriptions:
plc	Public Limited Company
REIT	Real Estate Investment Trust
*	Non-income producing

11

INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)
December 31, 2009

COUNTRY	VALUE		% OF TOTAL PORTFOLIO
DOMESTIC
UNITED STATES	$	37,670,014		1.80	%
TOTAL DOMESTIC		37,670,014		1.80
FOREIGN
AUSTRALIA		21,493,392		1.03
BELGIUM		51,317,340		2.46
CHINA		104,887,442		5.02
FINLAND		40,117,247		1.92
FRANCE		1,883,219		0.09
GERMANY		474,500,743		22.70
HONG KONG		46,165,088		2.21
INDIA		36,460,870		1.74
INDONESIA		9,077,922		0.43
ITALY		31,808,140		1.52
JAPAN		256,170,769		12.26
KOREA, REPUBLIC OF		18,843,202		0.90
NETHERLANDS		3,444,011		0.16
PORTUGAL		31,794,002		1.52
SINGAPORE		147		0.00	**
SWEDEN		60,721,710		2.91
SWITZERLAND		385,880,286		18.47
TAIWAN		73,222,920		3.50
UNITED KINGDOM		404,728,047		19.36
TOTAL FOREIGN		2,052,516,497		98.20
TOTAL PORTFOLIO	$	2,090,186,511		100.00	%

** Percentage represents less than 0.01%

12

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.16%
AMUSEMENT AND RECREATION SERVICES - 2.20%
	279,022	*	Electronic Arts, Inc	$	4,952,641
	375,273		Walt Disney Co		12,102,554
			TOTAL AMUSEMENT AND RECREATION SERVICES		17,055,195
APPAREL AND ACCESSORY STORES - 3.12%
	285,790	*	Kohl’s Corp		15,412,655
	234,809		Nordstrom, Inc		8,824,122
			TOTAL APPAREL AND ACCESSORY STORES		24,236,777
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.94%
	645,130		Lowe’s Cos, Inc		15,089,591
			TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		15,089,591
BUSINESS SERVICES - 22.58%
	306,867	*	Adobe Systems, Inc		11,286,568
	120,637	*	Alliance Data Systems Corp		7,791,944
	65,899	*	Google, Inc (Class A)		40,856,062
	631,651	*	Intuit, Inc		19,398,002
	95,890		Mastercard, Inc (Class A)		24,545,922
	881,563		Microsoft Corp		26,878,856
	392,715	*	Nuance Communications, Inc		6,102,791
	342,291		Omnicom Group, Inc		13,400,693
	119,074	*	Salesforce.com, Inc		8,784,089
	186,801		Visa, Inc (Class A)		16,337,615
			TOTAL BUSINESS SERVICES		175,382,542
CHEMICALS AND ALLIED PRODUCTS - 14.58%
	360,734	*	Celgene Corp		20,085,669
	102,084	*	Forest Laboratories, Inc		3,277,917
	223,384	*	Gilead Sciences, Inc		9,668,060
	117,552	*	Invitrogen Corp		6,139,741
	252,881		Monsanto Co		20,673,022
	360,905		Novartis AG. (ADR)		19,644,059
	106,571		Praxair, Inc		8,558,717
	87,323		Shire plc (ADR)		5,125,860
	355,536		Teva Pharmaceutical Industries Ltd (ADR)		19,974,012
			TOTAL CHEMICALS AND ALLIED PRODUCTS		113,147,057
COMMUNICATIONS - 1.03%
	567,367		CBS Corp (Class B)		7,971,506
			TOTAL COMMUNICATIONS		7,971,506

13

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
DEPOSITORY INSTITUTIONS - 2.43%
	204,299		Wells Fargo & Co	$	5,514,030
	707,510		Western Union Co		13,336,564
			TOTAL DEPOSITORY INSTITUTIONS		18,850,594
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 18.13%
	249,628		Analog Devices, Inc		7,883,252
	168,255	*	Apple Computer, Inc		35,478,248
	118,339	*	Broadcom Corp (Class A)		3,721,762
	921,168	*	Cisco Systems, Inc		22,052,762
	37,528	*	First Solar, Inc		5,081,291
	390,071		Intel Corp		7,957,448
	823,412	*	Marvell Technology Group Ltd		17,085,799
	478,050	*	NetApp, Inc		16,440,140
	541,797		Qualcomm, Inc		25,063,529
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		140,764,231
FABRICATED METAL PRODUCTS - 0.94%
	151,669		Illinois Tool Works, Inc		7,278,595
			TOTAL FABRICATED METAL PRODUCTS		7,278,595
FOOD AND KINDRED PRODUCTS - 4.02%
	266,819		Coca-Cola Co		15,208,683
	135,978		Mead Johnson Nutrition Co		5,942,239
	164,733		PepsiCo, Inc		10,015,766
			TOTAL FOOD AND KINDRED PRODUCTS		31,166,688
FURNITURE AND HOME FURNISHINGS STORES - 0.97%
	194,668	*	Bed Bath & Beyond, Inc		7,520,025
			TOTAL FURNITURE AND HOME FURNISHINGS STORES		7,520,025
HEALTH SERVICES - 0.70%
	62,443	*	Express Scripts, Inc		5,398,197
			TOTAL HEALTH SERVICES		5,398,197
HOTELS AND OTHER LODGING PLACES - 1.13%
	239,865		Starwood Hotels & Resorts Worldwide, Inc		8,771,863
			TOTAL HOTELS AND OTHER LODGING PLACES		8,771,863
INDUSTRIAL MACHINERY AND EQUIPMENT - 0.71%
	316,596	*	EMC Corp		5,530,932
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		5,530,932
INSTRUMENTS AND RELATED PRODUCTS - 5.04%
	228,006	*	Agilent Technologies, Inc		7,084,146
	51,347		Alcon, Inc		8,438,880
	111,797		Danaher Corp		8,407,134
	140,135		Rockwell Collins, Inc		7,757,874
	141,622		Roper Industries, Inc		7,416,744
			TOTAL INSTRUMENTS AND RELATED PRODUCTS		39,104,778

14

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
INSURANCE CARRIERS - 1.01%
	168,762		Aflac, Inc	$	7,805,243
			TOTAL INSURANCE CARRIERS		7,805,243
METAL MINING - 1.02%
	273,734		Companhia Vale do Rio Doce (ADR)		7,946,498
			TOTAL METAL MINING		7,946,498
MISCELLANEOUS RETAIL - 3.99%
	168,883	*	Amazon.com, Inc		22,718,141
	37,629	*	Priceline.com, Inc		8,221,937
			TOTAL MISCELLANEOUS RETAIL		30,940,078
MOTION PICTURES - 0.76%
	202,323		Time Warner, Inc		5,895,692
			TOTAL MOTION PICTURES		5,895,692
OIL AND GAS EXTRACTION - 5.43%
	133,088		Anadarko Petroleum Corp		8,307,353
	85,532	*	Concho Resources, Inc		3,840,387
	337,221		National Oilwell Varco, Inc		14,868,074
	186,291		Occidental Petroleum Corp		15,154,773
			TOTAL OIL AND GAS EXTRACTION		42,170,587
PRIMARY METAL INDUSTRIES - 1.05%
	73,916		Precision Castparts Corp		8,156,631
			TOTAL PRIMARY METAL INDUSTRIES		8,156,631
SECURITY AND COMMODITY BROKERS - 3.52%
	407,219		Charles Schwab Corp		7,663,862
	116,597		Goldman Sachs Group, Inc		19,686,237
			TOTAL SECURITY AND COMMODITY BROKERS		27,350,099
TRANSPORTATION BY AIR - 0.73%
	68,164		FedEx Corp		5,688,286
			TOTAL TRANSPORTATION BY AIR		5,688,286
TRANSPORTATION EQUIPMENT - 3.13%
	297,744		Boeing Co		16,116,883
	117,320		United Technologies Corp		8,143,181
			TOTAL TRANSPORTATION EQUIPMENT		24,260,064
			TOTAL COMMON STOCKS		777,481,749
			(Cost $685,361,598)
			TOTAL INVESTMENTS - 100.16%		777,481,749
			(Cost $685,361,598)
			OTHER ASSETS AND LIABILITIES, NET - (0.16)%		(1,252,947	)
			NET ASSETS - 100.00%	$	776,228,802

15

TIAA-CREF FUNDS - Large-Cap Growth Fund

	The following abbreviations are used in portfolio descriptions:
ADR	American Depositary Receipt
plc	Public Limited Company
*	Non-income producing

16

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
PREFERRED STOCKS - 0.52%
DEPOSITORY INSTITUTIONS - 0.52%
	419,274	*	Bank of America Corp	$	6,255,568
			TOTAL DEPOSITORY INSTITUTIONS		6,255,568
			TOTAL PREFERRED STOCKS		6,255,568
			(Cost $6,289,110)
COMMON STOCKS - 99.22%
AMUSEMENT AND RECREATION SERVICES - 1.36%
	254,037	*	Melco PBL Entertainment Macau Ltd (ADR)		856,105
	199,323	*	Penn National Gaming, Inc		5,417,599
	158,276	*	Pinnacle Entertainment, Inc		1,421,318
	263,611		Walt Disney Co		8,501,455
			TOTAL AMUSEMENT AND RECREATION SERVICES		16,196,477
APPAREL AND ACCESSORY STORES - 0.51%
	174,639		American Eagle Outfitters, Inc		2,965,370
	350,101		Talbots, Inc		3,119,400
			TOTAL APPAREL AND ACCESSORY STORES		6,084,770
APPAREL AND OTHER TEXTILE PRODUCTS - 0.00%**
	3,794	*	Liz Claiborne, Inc		21,360
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		21,360
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.18%
	601,158		Lowe’s Cos, Inc		14,061,086
			TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		14,061,086
BUSINESS SERVICES - 2.30%
	128,655	*	Autodesk, Inc		3,269,124
	103,334	*	DST Systems, Inc		4,500,196
	562,153	*	eBay, Inc		13,233,081
	88,416	*	Interpublic Group of Cos, Inc		652,510
	4,617	*	Medidata Solutions, Inc		72,025
	319,036	*	Symantec Corp		5,707,554
			TOTAL BUSINESS SERVICES		27,434,490
CHEMICALS AND ALLIED PRODUCTS - 11.14%
	205,262		Alberto-Culver Co		6,012,124
	43,645		Clorox Co		2,662,345
	67,545		Cytec Industries, Inc		2,459,989
	218,969		Dow Chemical Co		6,050,113

17

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	75,864		Du Pont (E.I.) de Nemours & Co	$	2,554,341
	550,886	*	Elan Corp plc (ADR)		3,591,777
	661,709		Ferro Corp		5,452,482
	148,137	*	Forest Laboratories, Inc		4,756,679
	420,721		Huntsman Corp		4,749,940
	136,960		Johnson & Johnson		8,821,594
	404,432		Merck & Co, Inc		14,777,945
	237,682	*	Mylan Laboratories, Inc		4,380,479
	1,725,087		Pfizer, Inc		31,379,333
	199,857		Procter & Gamble Co		12,117,330
	203,529		Teva Pharmaceutical Industries Ltd (ADR)		11,434,259
	192,002		UCB S.A.		8,014,092
	314,032	*	Vanda Pharmaceuticals, Inc		3,529,720
			TOTAL CHEMICALS AND ALLIED PRODUCTS		132,744,542
COMMUNICATIONS - 6.97%
	230,195	*	AOL, Inc		5,358,940
	999,473		AT&T, Inc		28,015,229
	286,902		CBS Corp (Class B)		4,030,973
	589,278		Comcast Corp (Class A)		9,935,227
	118,065		DISH Network Corp (Class A)		2,452,210
	152,650		Hellenic Telecommunications Organization S.A.		2,240,512
	372,023	*	MetroPCS Communications, Inc		2,838,535
	462,192		Qwest Communications International, Inc		1,945,828
	735,143	*	Sprint Nextel Corp		2,690,623
	12,525		Time Warner Cable, Inc		518,410
	696,457		Verizon Communications, Inc		23,073,620
			TOTAL COMMUNICATIONS		83,100,107
DEPOSITORY INSTITUTIONS - 13.38%
	523,125		AMMB Holdings Berhad		761,155
	1,780,963		Bank of America Corp		26,821,303
	170,738		Bank of New York Mellon Corp		4,775,542
	34,400		Bank of the Ryukyus Ltd		393,422
	104,952		BB&T Corp		2,662,632
	7,726,208		Citigroup, Inc		25,573,748
	2,736,309		Huntington Bancshares, Inc		9,987,528
	617,627		JPMorgan Chase & Co		25,736,517
	568,941		Regions Financial Corp		3,009,698
	300,096		State Street Corp		13,066,180
	572,311		TCF Financial Corp		7,794,876
	524,506		US Bancorp		11,806,630
	1,006,613		Wells Fargo & Co		27,168,485
			TOTAL DEPOSITORY INSTITUTIONS		159,557,716
EATING AND DRINKING PLACES - 0.81%
	418,196		Brinker International, Inc		6,239,484
	730,639		Wendy’s/Arby’s Group, Inc (Class A)		3,426,697
			TOTAL EATING AND DRINKING PLACES		9,666,181
ELECTRIC, GAS, AND SANITARY SERVICES - 5.11%
	179,171		Allegheny Energy, Inc		4,206,936

18

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	110,993		American Electric Power Co, Inc	$	3,861,446
	376,630		Centerpoint Energy, Inc		5,464,902
	31,300		Consolidated Edison, Inc		1,421,959
	70,972		Constellation Energy Group, Inc		2,496,085
	13,118		Dominion Resources, Inc		510,553
	146,358		Duke Energy Corp		2,518,821
	22,249		Entergy Corp		1,820,858
	201,075		Exelon Corp		9,826,536
	37,962		FirstEnergy Corp		1,763,335
	55,611		FPL Group, Inc		2,937,373
	5,009		MDU Resources Group, Inc		118,212
	70,723	*	Mirant Corp		1,079,940
	153,490	*	NRG Energy, Inc		3,623,899
	278,214		NV Energy, Inc		3,444,289
	81,300		PG&E Corp		3,630,045
	62,655		PPL Corp		2,024,383
	35,568		Progress Energy, Inc		1,458,644
	56,432		Questar Corp		2,345,878
	279,467	*	Reliant Energy, Inc		1,598,551
	3,279		Southern Union Co		74,433
	163,124		Williams Cos, Inc		3,438,654
	59,292		Xcel Energy, Inc		1,258,176
			TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		60,923,908
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 6.87%
	104,059	*	Broadcom Corp (Class A)		3,272,656
	213,990		Cooper Industries plc		9,124,534
	2,237,905		General Electric Co		33,859,502
	948,534		Hitachi Ltd		2,915,912
	620,555	*	Infineon Technologies AG.		3,452,383
	213,281	*	Integrated Device Technology, Inc		1,379,928
	526,166		Intel Corp		10,733,785
	108,688	*	International Rectifier Corp		2,404,179
	271,896	*	LSI Logic Corp		1,634,095
	118,681	*	Marvell Technology Group Ltd		2,462,631
	75,583		Motorola, Inc		586,524
	186,269		Qualcomm, Inc		8,616,804
	13,750,045		Solomon Systech International Ltd		1,399,359
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		81,842,292
ENGINEERING AND MANAGEMENT SERVICES - 0.33%
	397	*	Affymax, Inc		9,822
	49,253	*	Jacobs Engineering Group, Inc		1,852,405
	106,195		KBR, Inc		2,017,705
			TOTAL ENGINEERING AND MANAGEMENT SERVICES		3,879,932
FABRICATED METAL PRODUCTS - 0.52%
	192,222		Pentair, Inc		6,208,771
			TOTAL FABRICATED METAL PRODUCTS		6,208,771
FOOD AND KINDRED PRODUCTS - 3.92%
	270,668	*	Constellation Brands, Inc (Class A)		4,311,741

19

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES		COMPANY	VALUE
210,631		Del Monte Foods Co	$	2,388,556
70,641		Diageo plc (ADR)		4,903,192
156,385		General Mills, Inc		11,073,621
372,095		Kraft Foods, Inc (Class A)		10,113,542
105,057		PepsiCo, Inc		6,387,466
237,063		Unilever plc (ADR)		7,562,310
		TOTAL FOOD AND KINDRED PRODUCTS		46,740,428
FOOD STORES - 0.06%
33,836		Kroger Co		694,653
		TOTAL FOOD STORES		694,653
FORESTRY - 1.49%
74,311		Rayonier, Inc		3,132,952
339,352		Weyerhaeuser Co		14,639,645
		TOTAL FORESTRY		17,772,597
FURNITURE AND FIXTURES - 0.16%
8,132	*	Lear Corp		550,048
101,138		Masco Corp		1,396,716
		TOTAL FURNITURE AND FIXTURES		1,946,764
GENERAL BUILDING CONTRACTORS - 0.14%
83,398		Ryland Group, Inc		1,642,941
		TOTAL GENERAL BUILDING CONTRACTORS		1,642,941
GENERAL MERCHANDISE STORES - 1.05%
257,525		Target Corp		12,456,484
		TOTAL GENERAL MERCHANDISE STORES		12,456,484
HOLDING AND OTHER INVESTMENT OFFICES - 1.34%
10,028		Boston Properties, Inc		672,578
11		Cross Timbers Royalty Trust		371
381,092		Glimcher Realty Trust		1,028,948
230,742		Kimco Realty Corp		3,121,939
32,727		Plum Creek Timber Co, Inc		1,235,772
19,732		Regency Centers Corp		691,804
9,000		Simon Property Group, Inc		718,200
74,554		SL Green Realty Corp		3,745,592
175,821		Starwood Property Trust, Inc		3,321,259
19,873		Vornado Realty Trust		1,389,918
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		15,926,381
HOTELS AND OTHER LODGING PLACES - 0.64%
87,191		Accor S.A.		4,771,273
2,272,400	*	Wynn Macau Ltd		2,798,955
		TOTAL HOTELS AND OTHER LODGING PLACES		7,570,228
INDUSTRIAL MACHINERY AND EQUIPMENT - 4.62%
401,710	*	AGCO Corp		12,991,301
6,629	*	Fortinet, Inc		116,472

20

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES		COMPANY	VALUE
160,248		Hewlett-Packard Co	$	8,254,374
49,890		ITT Industries, Inc		2,481,529
135,751		Northrop Grumman Corp		7,581,693
471,088	*	Palm, Inc		4,729,724
127,845		SPX Corp		6,993,122
357,611		Textron, Inc		6,726,663
398,167	*	Verigy Ltd		5,124,409
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		54,999,287
INSTRUMENTS AND RELATED PRODUCTS - 2.58%
1,689,924	*	Boston Scientific Corp		15,209,316
120,740	*	Bruker BioSciences Corp		1,456,124
130,303		Danaher Corp		9,798,786
206,999		PerkinElmer, Inc		4,262,109
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		30,726,335
INSURANCE CARRIERS - 4.68%
115,743		ACE Ltd		5,833,447
1,213		Aegon NV		7,775
34,756		Aetna, Inc		1,101,765
42,353		Allstate Corp		1,272,284
157,984		Axis Capital Holdings Ltd		4,488,325
64,960		Max Re Capital Ltd		1,448,608
159,644		Metlife, Inc		5,643,415
61,610		PartnerRe Ltd		4,599,803
174,980		Prudential Financial, Inc		8,707,006
70,223		RenaissanceRe Holdings Ltd		3,732,352
21,233		Transatlantic Holdings, Inc		1,106,452
159,800		Travelers Cos, Inc		7,967,628
158,119		UnitedHealth Group, Inc		4,819,467
86,266	*	WellPoint, Inc		5,028,445
		TOTAL INSURANCE CARRIERS		55,756,772
METAL MINING - 0.55%
150,337		Anglo American plc		6,510,736
		TOTAL METAL MINING		6,510,736
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.22%
80,579		Hasbro, Inc		2,583,363
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		2,583,363
MISCELLANEOUS RETAIL - 0.45%
149,192		CVS Corp		4,805,474
25,444	*	Vitamin Shoppe, Inc		565,875
		TOTAL MISCELLANEOUS RETAIL		5,371,349
MOTION PICTURES - 1.07%
377,062		News Corp (Class A)		5,161,979
258,814		Time Warner, Inc		7,541,840
		TOTAL MOTION PICTURES		12,703,819

21

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES		COMPANY	VALUE
NONDEPOSITORY INSTITUTIONS - 0.82%
1,296,287		Chimera Investment Corp	$	5,029,594
319,706		Discover Financial Services		4,702,875
		TOTAL NONDEPOSITORY INSTITUTIONS		9,732,469
OIL AND GAS EXTRACTION - 8.18%
94,463		Anadarko Petroleum Corp		5,896,380
82,664		Apache Corp		8,528,445
154,365		Baker Hughes, Inc		6,248,695
90,314		Cabot Oil & Gas Corp		3,936,787
24,500		Chesapeake Energy Corp		634,060
532,438	*	Cobalt International Energy, Inc		7,368,942
70,821	*	Concho Resources, Inc		3,179,863
49,230	*,m	Crescent Point Energy Corp		1,858,864
43,756		Devon Energy Corp		3,216,066
85,985		EOG Resources, Inc		8,366,341
271,796	*	Nabors Industries Ltd		5,949,614
95,684		National Oilwell Varco, Inc		4,218,708
182,346		Occidental Petroleum Corp		14,833,847
1,914	*	Plains Exploration & Production Co		52,941
199,585		Rowan Cos, Inc		4,518,604
33,777		Schlumberger Ltd		2,198,545
323,055		Smith International, Inc		8,777,404
231,772	*	Weatherford International Ltd		4,151,037
77,194		XTO Energy, Inc		3,591,837
		TOTAL OIL AND GAS EXTRACTION		97,526,980
PAPER AND ALLIED PRODUCTS - 0.52%
11,250		Mondi Ltd		54,513
9,900	*,b	Smurfit-Stone Container Corp		2,723
210,889		Sonoco Products Co		6,168,503
		TOTAL PAPER AND ALLIED PRODUCTS		6,225,739
PETROLEUM AND COAL PRODUCTS - 7.24%
358,095		Chevron Corp		27,569,734
116,014		ConocoPhillips		5,924,835
541,418		Exxon Mobil Corp		36,919,293
274,385		Marathon Oil Corp		8,566,300
85,084		Walter Industries, Inc		6,407,676
190,151	*	Western Refining, Inc		895,611
		TOTAL PETROLEUM AND COAL PRODUCTS		86,283,449
PIPELINES, EXCEPT NATURAL GAS - 0.02%
9,767		Spectra Energy Corp		200,321
		TOTAL PIPELINES, EXCEPT NATURAL GAS		200,321
PRINTING AND PUBLISHING - 0.40%
57,100		Dun & Bradstreet Corp		4,817,527
		TOTAL PRINTING AND PUBLISHING		4,817,527

22

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES		COMPANY	VALUE
RAILROAD TRANSPORTATION - 0.15%
27,262		Union Pacific Corp	$	1,742,042
		TOTAL RAILROAD TRANSPORTATION		1,742,042
REAL ESTATE - 0.04%
1,326,087	*	Unitech Corporate Parks plc		516,174
		TOTAL REAL ESTATE		516,174
SECURITY AND COMMODITY BROKERS - 2.81%
119,701		Charles Schwab Corp		2,252,773
4,324,232	*	E*Trade Financial Corp		7,567,406
80,855		Goldman Sachs Group, Inc		13,651,559
274,988		Legg Mason, Inc		8,293,638
86,820	*	Nasdaq Stock Market, Inc		1,720,772
		TOTAL SECURITY AND COMMODITY BROKERS		33,486,148
TRANSPORTATION BY AIR - 0.78%
206,441	*	Continental Airlines, Inc (Class B)		3,699,423
490,466	*	Delta Air Lines, Inc		5,581,503
		TOTAL TRANSPORTATION BY AIR		9,280,926
TRANSPORTATION EQUIPMENT - 3.50%
1,092,841		American Axle & Manufacturing Holdings, Inc		8,764,585
129,039		Boeing Co		6,984,881
327,043	*	Ford Motor Co		3,270,430
117,401		Goodrich Corp		7,543,014
191,929		Honeywell International, Inc		7,523,617
151,556		Magna International, Inc - Class A		7,665,702
		TOTAL TRANSPORTATION EQUIPMENT		41,752,229
TRANSPORTATION SERVICES - 0.52%
431,242		UTI Worldwide, Inc		6,175,385
		TOTAL TRANSPORTATION SERVICES		6,175,385
TRUCKING AND WAREHOUSING - 0.31%
106,435		Con-way, Inc		3,715,646
		TOTAL TRUCKING AND WAREHOUSING		3,715,646
WHOLESALE TRADE-DURABLE GOODS - 0.22%
117,200	*	Talecris Biotherapeutics Holdings Corp		2,610,044
		TOTAL WHOLESALE TRADE-DURABLE GOODS		2,610,044
WHOLESALE TRADE-NONDURABLE GOODS - 0.26%
95,858		Terra Industries, Inc		3,085,669
		TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,085,669
		TOTAL COMMON STOCKS		1,182,274,517
		(Cost $1,228,781,247)
		TOTAL INVESTMENTS - 99.74%		1,188,530,085
		(Cost $1,235,070,357)
		OTHER ASSETS AND LIABILITIES, NET - 0.26%		3,103,217
		NET ASSETS - 100.00%	$	1,191,633,302

23

TIAA-CREF FUNDS - Large-Cap Value Fund

	The following abbreviations are used in portfolio descriptions:
ADR	American Depositary Receipt
plc	Public Limited Company
*	Non-income producing
**	Percentage represents less than 0.01%.
b	In bankruptcy
m	Indicates a security that has been deemed illiquid.

24

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.78%
AMUSEMENT AND RECREATION SERVICES - 0.52%
	263,918		World Wrestling Entertainment, Inc (Class A)	$	4,045,863
			TOTAL AMUSEMENT AND RECREATION SERVICES		4,045,863
APPAREL AND ACCESSORY STORES - 2.11%
	73,659	*	Kohl’s Corp		3,972,430
	205,521		Nordstrom, Inc		7,723,479
	113,634		Ross Stores, Inc		4,853,308
			TOTAL APPAREL AND ACCESSORY STORES		16,549,217
APPAREL AND OTHER TEXTILE PRODUCTS - 2.25%
	103,545		Guess ?, Inc		4,379,954
	290,394	*	Hanesbrands, Inc		7,001,399
	77,217		Polo Ralph Lauren Corp (Class A)		6,253,033
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		17,634,386
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 1.22%
	24,320	*	Autozone, Inc		3,844,262
	150,365	*	O’Reilly Automotive, Inc		5,731,914
			TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		9,576,176
BUSINESS SERVICES - 14.81%
	232,498	*	Activision Blizzard, Inc		2,583,053
	108,092	*	Alliance Data Systems Corp		6,981,662
	215,991	*	Amdocs Ltd		6,162,223
	240,832	*	Autodesk, Inc		6,119,541
	335,868	*	Autonomy Corp plc		8,156,366
	276,012		Aveva Group plc		4,489,539
	198,200	*	Cavium Networks, Inc		4,723,106
	85,992	*	Cerner Corp		7,089,180
	513,802	*	Cogent, Inc		5,338,403
	291,877	*	Cognizant Technology Solutions Corp (Class A)		13,222,029
	67,612	*	LogMeIn, Inc		1,348,859
	147,547		Moody’s Corp		3,954,260
	543,968	*	Nuance Communications, Inc		8,453,263
	152,543	*	OpenTable, Inc		3,883,745
	178,967		Ritchie Bros Auctioneers, Inc		4,014,230
	65,320	*	Salesforce.com, Inc		4,818,656
	365,034	*	SolarWinds, Inc		8,399,432
	349,892	*	SuccessFactors, Inc		5,801,209
	141,696	*	Sybase, Inc		6,149,606
	104,965	*	VMware, Inc (Class A)		4,448,417
			TOTAL BUSINESS SERVICES		116,136,779

25

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
CHEMICALS AND ALLIED PRODUCTS - 11.60%
	249,093		Avon Products, Inc	$	7,846,430
	68,335	*	Chattem, Inc		6,375,656
	90,896		Chemring Group PLC		4,290,608
	59,159		Church & Dwight Co, Inc		3,576,162
	158,870	*	Dendreon Corp		4,175,104
	198,304		Ecolab, Inc		8,840,392
	320,007		Ferro Corp		2,636,858
	128,073	*	Forest Laboratories, Inc		4,112,424
	122,589	*	Hospira, Inc		6,252,039
	59,498	*	Human Genome Sciences, Inc		1,820,639
	157,396	*	Inverness Medical Innovations, Inc		6,533,508
	189,438	*	Invitrogen Corp		9,894,346
	324,535	*	King Pharmaceuticals, Inc		3,982,044
	295,608	*	Mylan Laboratories, Inc		5,448,055
	106,415	*	NBTY, Inc		4,633,309
	222,869	*	Vanda Pharmaceuticals, Inc		2,505,048
	188,187	*	Vertex Pharmaceuticals, Inc		8,063,813
			TOTAL CHEMICALS AND ALLIED PRODUCTS		90,986,435
COAL MINING - 0.70%
	121,382		Peabody Energy Corp		5,487,680
			TOTAL COAL MINING		5,487,680
COMMUNICATIONS - 4.42%
	610,807	*	Aruba Networks, Inc		6,511,203
	171,328	*	Crown Castle International Corp		6,688,645
	131,886	*	DigitalGlobe, Inc		3,191,641
	524,647	*	Liberty Media Holding Corp (Interactive A)		5,687,173
	221,848	*	Neutral Tandem, Inc		5,047,042
	221,761	*	SBA Communications Corp (Class A)		7,575,356
			TOTAL COMMUNICATIONS		34,701,060
EATING AND DRINKING PLACES - 0.50%
	112,728		Darden Restaurants, Inc		3,953,371
			TOTAL EATING AND DRINKING PLACES		3,953,371
EDUCATIONAL SERVICES - 0.68%
	87,967	*	Apollo Group, Inc (Class A)		5,329,041
			TOTAL EDUCATIONAL SERVICES		5,329,041
ELECTRIC, GAS, AND SANITARY SERVICES - 2.13%
	122,457		Allegheny Energy, Inc		2,875,290
	66,733	*	Clean Harbors, Inc		3,977,954
	132,040		Republic Services, Inc		3,738,052
	111,114	*	Stericycle, Inc		6,130,160
			TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		16,721,456
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 6.46%
	73,345		Amphenol Corp (Class A)		3,387,072
	151,793		Analog Devices, Inc		4,793,623

26

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	78,225	*	Cree, Inc	$	4,409,543
	387,673	*	Integrated Device Technology, Inc		2,508,244
	130,357	*	International Rectifier Corp		2,883,497
	443,849	*	Marvell Technology Group Ltd		9,209,868
	281,433	*	MEMC Electronic Materials, Inc		3,833,117
	162,762	*	NetApp, Inc		5,597,385
	607,880	*	ON Semiconductor Corp		5,355,423
	229,556		Plantronics, Inc		5,963,865
	107,818		Xilinx, Inc		2,701,919
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		50,643,556
ENGINEERING AND MANAGEMENT SERVICES - 0.67%
	132,007		KBR, Inc		2,508,133
	102,069	*	Tetra Tech, Inc		2,773,215
			TOTAL ENGINEERING AND MANAGEMENT SERVICES		5,281,348
FOOD AND KINDRED PRODUCTS - 1.41%
	145,064		Dr Pepper Snapple Group, Inc		4,105,311
	48,718	*	Hansen Natural Corp		1,870,771
	140,134		McCormick & Co, Inc		5,063,042
			TOTAL FOOD AND KINDRED PRODUCTS		11,039,124
FURNITURE AND HOME FURNISHINGS STORES - 0.80%
	162,921	*	Bed Bath & Beyond, Inc		6,293,638
			TOTAL FURNITURE AND HOME FURNISHINGS STORES		6,293,638
GENERAL BUILDING CONTRACTORS - 0.26%
	2,868	*	NVR, Inc		2,038,316
			TOTAL GENERAL BUILDING CONTRACTORS		2,038,316
GENERAL MERCHANDISE STORES - 2.10%
	198,050	*	Big Lots, Inc		5,739,489
	293,922		TJX Companies, Inc		10,742,849
			TOTAL GENERAL MERCHANDISE STORES		16,482,338
HEALTH SERVICES - 1.89%
	103,704	*	DaVita, Inc		6,091,573
	28,896	*	Edwards Lifesciences Corp		2,509,618
	102,577		Quest Diagnostics, Inc		6,193,599
			TOTAL HEALTH SERVICES		14,794,790
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.50%
	113,942		Saipem S.p.A.		3,932,189
			TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		3,932,189
HOLDING AND OTHER INVESTMENT OFFICES - 3.94%
	98,878	*	Affiliated Managers Group, Inc		6,659,433
	433,691		iShares Russell Midcap Growth Index Fund		19,663,551
	476,081	*	Liberty Acquisition Holdings Corp		4,603,703
			TOTAL HOLDING AND OTHER INVESTMENT OFFICES		30,926,687

27

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
HOTELS AND OTHER LODGING PLACES - 0.74%
	157,962		Starwood Hotels & Resorts Worldwide, Inc	$	5,776,670
			TOTAL HOTELS AND OTHER LODGING PLACES		5,776,670
INDUSTRIAL MACHINERY AND EQUIPMENT - 4.22%
	85,576	*	AGCO Corp		2,767,528
	77,760		Flowserve Corp		7,350,653
	129,799		International Game Technology		2,436,327
	65,130		ITT Industries, Inc		3,239,566
	143,547		Joy Global, Inc		7,405,591
	83,074	*	Middleby Corp		4,072,287
	545,703	*	Netezza Corp		5,293,319
	54,853	*	Palm, Inc		550,724
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		33,115,995
INSTRUMENTS AND RELATED PRODUCTS - 4.66%
	243,710	*	Flir Systems, Inc		7,974,191
	161,895	*	Illumina, Inc		4,962,082
	19,373	*	Intuitive Surgical, Inc		5,876,218
	99,123	*	Itron, Inc		6,697,741
	76,939	*	Resmed, Inc		4,021,602
	127,435		Rockwell Collins, Inc		7,054,802
			TOTAL INSTRUMENTS AND RELATED PRODUCTS		36,586,636
INSURANCE AGENTS, BROKERS AND SERVICE - 0.31%
	80,460	*	Verisk Analytics, Inc		2,436,329
			TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		2,436,329
JUSTICE, PUBLIC ORDER AND SAFETY - 1.20%
	382,630	*	Corrections Corp of America		9,393,567
			TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		9,393,567
LEATHER AND LEATHER PRODUCTS - 1.35%
	218,622		Coach, Inc		7,986,262
	208,856	*	Iconix Brand Group, Inc		2,642,028
			TOTAL LEATHER AND LEATHER PRODUCTS		10,628,290
LEGAL SERVICES - 0.83%
	138,213	*	FTI Consulting, Inc		6,518,125
			TOTAL LEGAL SERVICES		6,518,125
LOCAL AND INTERURBAN PASSENGER TRANSIT - 1.04%
	150,789	*	Emergency Medical Services Corp (Class A)		8,165,224
			TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		8,165,224
METAL MINING - 1.18%
	112,617		Barrick Gold Corp		4,434,857
	59,902	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		4,809,532
			TOTAL METAL MINING		9,244,389

28

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.47%
	119,226		Jarden Corp	$	3,685,276
			TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		3,685,276
MISCELLANEOUS RETAIL - 0.60%
	188,836	*	Dick’s Sporting Goods, Inc		4,696,351
			TOTAL MISCELLANEOUS RETAIL		4,696,351
MOTION PICTURES - 1.47%
	269,672	*	Discovery Communications, Inc (Class C)		7,151,702
	137,304	*	Macrovision Solutions Corp		4,375,878
			TOTAL MOTION PICTURES		11,527,580
NONDEPOSITORY INSTITUTIONS - 1.00%
	381,994		CapitalSource, Inc		1,516,516
	154,812		Lender Processing Services, Inc		6,294,656
	200,000	*,m	MBF Healthcare Acquisition Corp		0
			TOTAL NONDEPOSITORY INSTITUTIONS		7,811,172
OIL AND GAS EXTRACTION - 5.13%
	286,081	*	Cobalt International Energy, Inc		3,959,361
	116,498	*	Concho Resources, Inc		5,230,760
	30,443	*,m	Crescent Point Energy Corp		1,149,490
	97,721		Crescent Point Energy Corp		3,689,824
	420,756	*	Denbury Resources, Inc		6,227,188
	102,914		Range Resources Corp		5,130,263
	177,884		Smith International, Inc		4,833,108
	82,753	*	Southwestern Energy Co		3,988,695
	289,153		Tullow Oil plc		6,066,558
			TOTAL OIL AND GAS EXTRACTION		40,275,247
PAPER AND ALLIED PRODUCTS - 0.42%
	46,360		Schweitzer-Mauduit International, Inc		3,261,426
			TOTAL PAPER AND ALLIED PRODUCTS		3,261,426
PERSONAL SERVICES - 0.57%
	586,927	*	Sally Beauty Holdings, Inc		4,489,992
			TOTAL PERSONAL SERVICES		4,489,992
PETROLEUM AND COAL PRODUCTS - 1.27%
	132,506		Walter Industries, Inc		9,979,027
			TOTAL PETROLEUM AND COAL PRODUCTS		9,979,027
PRIMARY METAL INDUSTRIES - 1.78%
	126,344		Precision Castparts Corp		13,942,060
			TOTAL PRIMARY METAL INDUSTRIES		13,942,060
REAL ESTATE - 0.28%
	187,003	*	Forest City Enterprises, Inc (Class A)		2,202,895
			TOTAL REAL ESTATE		2,202,895

29

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
SECURITY AND COMMODITY BROKERS - 2.01%
	354,221	*	Nasdaq Stock Market, Inc	$	7,020,660
	164,659		T Rowe Price Group, Inc		8,768,092
			TOTAL SECURITY AND COMMODITY BROKERS		15,788,752
SPECIAL TRADE CONTRACTORS - 0.89%
	333,361	*	Quanta Services, Inc		6,947,243
			TOTAL SPECIAL TRADE CONTRACTORS		6,947,243
TOBACCO PRODUCTS - 1.03%
	100,610		Lorillard, Inc		8,071,940
			TOTAL TOBACCO PRODUCTS		8,071,940
TRANSPORTATION BY AIR - 0.73%
	170,958	*	Air Methods Corp		5,747,608
			TOTAL TRANSPORTATION BY AIR		5,747,608
TRANSPORTATION EQUIPMENT - 1.58%
	102,201	*	Autoliv, Inc		4,431,435
	193,254		Thor Industries, Inc		6,068,175
	107,333		Trinity Industries, Inc		1,871,888
			TOTAL TRANSPORTATION EQUIPMENT		12,371,498
WHOLESALE TRADE-DURABLE GOODS - 3.27%
	229,589	*	Emdeon, Inc		3,501,232
	443,122	*	LKQ Corp		8,680,760
	241,644	*	MedAssets, Inc		5,125,269
	231,887		Solera Holdings, Inc		8,350,251
			TOTAL WHOLESALE TRADE-DURABLE GOODS		25,657,512
WHOLESALE TRADE-NONDURABLE GOODS - 2.78%
	66,684		Airgas, Inc		3,174,158
	273,586	*	Dean Foods Co		4,935,491
	83,019	*	Green Mountain Coffee Roasters, Inc		6,763,559
	114,027		Herbalife Ltd		4,626,075
	71,862		Terra Industries, Inc		2,313,238
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		21,812,521
			TOTAL COMMON STOCKS		782,686,775
			(Cost $705,547,198)
			TOTAL INVESTMENTS - 99.78%		782,686,775
			(Cost $705,547,198)
			OTHER ASSETS AND LIABILITIES, NET - 0.22%		1,755,825
			NET ASSETS - 100.00%	$	784,442,600

	The following abbreviations are used in portfolio descriptions:
plc	Public Limited Company
*	Non-income producing
m	Indicates a security that has been deemed illiquid.

30

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.71%
AMUSEMENT AND RECREATION SERVICES - 0.43%
	248,000	*	Penn National Gaming, Inc	$	6,740,640
			TOTAL AMUSEMENT AND RECREATION SERVICES		6,740,640
APPAREL AND ACCESSORY STORES - 2.56%
	175,000		American Eagle Outfitters, Inc		2,971,500
	390,000		Burberry Group plc		3,745,805
	158,000	*	Children’s Place Retail Stores, Inc		5,215,580
	480,000		Foot Locker, Inc		5,347,200
	346,299		Gap, Inc		7,254,964
	105,000	*	Kohl’s Corp		5,662,650
	305,000		Limited Brands, Inc		5,868,200
	105,000		Nordstrom, Inc		3,945,900
			TOTAL APPAREL AND ACCESSORY STORES		40,011,799
APPAREL AND OTHER TEXTILE PRODUCTS - 0.49%
	104,629		VF Corp		7,663,028
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		7,663,028
BUSINESS SERVICES - 3.76%
	138,000	*	Affiliated Computer Services, Inc (Class A)		8,237,220
	128,117	*	CACI International, Inc (Class A)		6,258,515
	253,655	*	Computer Sciences Corp		14,592,772
	309,617	*	DynCorp International, Inc (Class A)		4,443,004
	355,610		Earthlink, Inc		2,955,119
	120,000		Fidelity National Information Services, Inc		2,812,800
	44,000	*	Fiserv, Inc		2,133,120
	1,060,000	*	Interpublic Group of Cos, Inc		7,822,800
	65,559	*	Juniper Networks, Inc		1,748,459
	830,000	*	Sun Microsystems, Inc		7,777,100
			TOTAL BUSINESS SERVICES		58,780,909
CHEMICALS AND ALLIED PRODUCTS - 6.31%
	82,000		Agrium, Inc		5,043,000
	160,000		Alberto-Culver Co		4,686,400
	110,000		Celanese Corp (Series A)		3,531,000
	47,000		CF Industries Holdings, Inc		4,266,660
	56,481		Clorox Co		3,445,341
	121,032		Cytec Industries, Inc		4,407,985
	160,000		Dow Chemical Co		4,420,800
	48,000		Ecolab, Inc		2,139,840
	608,125		Ferro Corp		5,010,950
	62,533		FMC Corp		3,486,840
	300,000	*	Forest Laboratories, Inc		9,633,001
	420,000		Huntsman Corp		4,741,800

31

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	50,430	*	Invitrogen Corp	$	2,633,959
	235,000	*	King Pharmaceuticals, Inc		2,883,450
	403,438	*	Mylan Laboratories, Inc		7,435,362
	121,032	*	Pactiv Corp		2,921,712
	155,324		PPG Industries, Inc		9,092,667
	100,860		Shire plc (ADR)		5,920,482
	46,115		Sigma-Aldrich Corp		2,330,191
	182,369	*	Theravance, Inc		2,383,563
	105,000		UCB S.A.		4,382,661
	330,000	*	Vanda Pharmaceuticals, Inc		3,709,200
			TOTAL CHEMICALS AND ALLIED PRODUCTS		98,506,864
COAL MINING - 0.31%
	484,126		MacArthur Coal Ltd		4,859,832
			TOTAL COAL MINING		4,859,832
COMMUNICATIONS - 3.95%
	90,000	*	AOL, Inc		2,095,200
	835,000		CBS Corp (Class B)		11,731,750
	366,000		CenturyTel, Inc		13,252,860
	445,000		DISH Network Corp (Class A)		9,242,650
	587,204		Frontier Communications Corp		4,586,063
	54,000		Global Payments, Inc		2,908,440
	243,072	*	IAC/InterActiveCorp		4,978,115
	90,749		Manitoba Telecom Services, Inc		2,906,814
	1,485,000		Qwest Communications International, Inc		6,251,850
	1,000,000	*	Sprint Nextel Corp		3,660,000
			TOTAL COMMUNICATIONS		61,613,742
DEPOSITORY INSTITUTIONS - 5.85%
	140,000		BB&T Corp		3,551,800
	141,999		Comerica, Inc		4,198,910
	67,261		Cullen/Frost Bankers, Inc		3,363,050
	380,000		Fifth Third Bancorp		3,705,000
	375,539	*	First Horizon National Corp		5,032,226
	485,777		Hudson City Bancorp, Inc		6,669,718
	2,070,000		Huntington Bancshares, Inc		7,555,500
	82,000		M&T Bank Corp		5,484,980
	57,000		Northern Trust Corp		2,986,800
	1,220,000		Regions Financial Corp		6,453,800
	134,000		State Street Corp		5,834,360
	590,000		SunTrust Banks, Inc		11,971,101
	730,000		TCF Financial Corp		9,942,600
	277,364		TFS Financial Corp		3,367,199
	220,000		US Bancorp		4,952,200
	179,900		Valley National Bancorp		2,541,987
	195,000		Western Union Co		3,675,750
			TOTAL DEPOSITORY INSTITUTIONS		91,286,981
EATING AND DRINKING PLACES - 0.69%
	360,000		Brinker International, Inc		5,371,200
	156,000		Darden Restaurants, Inc		5,470,920
			TOTAL EATING AND DRINKING PLACES		10,842,120

32

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
ELECTRIC, GAS, AND SANITARY SERVICES - 10.59%
	340,000		Allegheny Energy, Inc	$	7,983,200
	190,000		American Electric Power Co, Inc		6,610,100
	239,516		American Water Works Co, Inc		5,367,554
	455,050		Centerpoint Energy, Inc		6,602,776
	455,000		CMS Energy Corp		7,125,300
	370,000		Constellation Energy Group, Inc		13,012,900
	152,298		Edison International		5,296,924
	615,000		El Paso Corp		6,045,450
	97,000		Energen Corp		4,539,600
	36,000		Entergy Corp		2,946,240
	181,547	*	Mirant Corp		2,772,223
	344,940		NorthWestern Corp		8,975,339
	310,000	*	NRG Energy, Inc		7,319,100
	265,000		Pepco Holdings, Inc		4,465,250
	216,848		PG&E Corp		9,682,263
	186,000		Progress Energy, Inc		7,627,860
	197,000		Public Service Enterprise Group, Inc		6,550,250
	186,590		Questar Corp		7,756,546
	776,619	*	Reliant Energy, Inc		4,442,261
	469,763		Republic Services, Inc		13,298,991
	242,000		Sempra Energy		13,547,159
	212,979		Southern Union Co		4,834,623
	140,000		Williams Cos, Inc		2,951,200
	262,235		Xcel Energy, Inc		5,564,627
			TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		165,317,736
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 2.85%
	175,000		Cooper Industries plc		7,462,000
	39,903	*	Energizer Holdings, Inc		2,445,256
	554,728	*	Fairchild Semiconductor International, Inc		5,541,733
	206,762		Intersil Corp (Class A)		3,171,729
	144,131	*	Marvell Technology Group Ltd		2,990,718
	191,633		Maxim Integrated Products, Inc		3,890,150
	504,298	*	Micron Technology, Inc		5,325,387
	130,000	*	NetApp, Inc		4,470,700
	130,000	*	Nvidia Corp		2,428,400
	409,905	*	Tellabs, Inc		2,328,260
	180,000		Tyco Electronics Ltd		4,419,000
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		44,473,333
ENGINEERING AND MANAGEMENT SERVICES - 1.45%
	485,000		KBR, Inc		9,215,000
	230,000	*	McDermott International, Inc		5,522,300
	140,000	*	Shaw Group, Inc		4,025,000
	85,731	*	URS Corp		3,816,744
			TOTAL ENGINEERING AND MANAGEMENT SERVICES		22,579,044
FABRICATED METAL PRODUCTS - 1.29%
	480,440	*	Crown Holdings, Inc		12,289,655

33

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	244,000		Pentair, Inc	$	7,881,200
			TOTAL FABRICATED METAL PRODUCTS		20,170,855
FOOD AND KINDRED PRODUCTS - 3.00%
	138,000		Bunge Ltd		8,808,539
	145,000		Corn Products International, Inc		4,238,350
	171,461		Del Monte Foods Co		1,944,368
	140,000		H.J. Heinz Co		5,986,400
	110,946		Pepsi Bottling Group, Inc		4,160,475
	71,732	*	Ralcorp Holdings, Inc		4,283,118
	125,000		Reynolds American, Inc		6,621,250
	484,126	*	Smithfield Foods, Inc		7,353,874
	282,407		Tyson Foods, Inc (Class A)		3,465,134
			TOTAL FOOD AND KINDRED PRODUCTS		46,861,508
FOOD STORES - 0.26%
	330,000	*	Dole Food Co, Inc		4,095,300
			TOTAL FOOD STORES		4,095,300
FORESTRY - 0.52%
	187,000		Weyerhaeuser Co		8,067,180
			TOTAL FORESTRY		8,067,180
FURNITURE AND FIXTURES - 0.44%
	151,742		Masco Corp		2,095,557
	200,000	*	Tempur-Pedic International, Inc		4,726,000
			TOTAL FURNITURE AND FIXTURES		6,821,557
FURNITURE AND HOME FURNISHINGS STORES - 0.16%
	61,924		Best Buy Co, Inc		2,443,521
			TOTAL FURNITURE AND HOME FURNISHINGS STORES		2,443,521
GENERAL BUILDING CONTRACTORS - 0.42%
	6,354	*	NVR, Inc		4,515,851
	105,903		Ryland Group, Inc		2,086,289
			TOTAL GENERAL BUILDING CONTRACTORS		6,602,140
GENERAL MERCHANDISE STORES - 1.25%
	280,000		JC Penney Co, Inc		7,450,800
	723,000		Macy’s, Inc		12,117,480
			TOTAL GENERAL MERCHANDISE STORES		19,568,280
HEALTH SERVICES - 1.15%
	80,688	*	DaVita, Inc		4,739,613
	706,017	*	Healthsouth Corp		13,251,939
			TOTAL HEALTH SERVICES		17,991,552
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.15%
	80,000	*	Foster Wheeler AG.		2,355,200
			TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		2,355,200

34

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
HOLDING AND OTHER INVESTMENT OFFICES - 11.99%
	725,997		Annaly Mortgage Management, Inc	$	12,596,048
	210,000		Boston Properties, Inc		14,084,700
	255,000		Equity Residential		8,613,900
	60,000		Essex Property Trust, Inc		5,019,000
	702,154		Host Marriott Corp		8,194,137
	210,000		iShares Russell 1000 Value Index Fund		12,051,900
	210,000		iShares Russell 2000 Value Index Fund		12,188,400
	1,450,000		iShares Russell Midcap Value Index Fund		53,621,001
	455,000		Kimco Realty Corp		6,156,150
	100,000		Plum Creek Timber Co, Inc		3,776,000
	463,000		Prologis		6,338,470
	63,000		Public Storage, Inc		5,131,350
	105,000		Regency Centers Corp		3,681,300
	102,000		SL Green Realty Corp		5,124,480
	205,600		Starwood Property Trust, Inc		3,883,784
	130,000		Taubman Centers, Inc		4,668,300
	225,654		Vornado Realty Trust		15,782,241
	180,000		WABCO Holdings, Inc		4,642,200
	310,000		Westway Group, Inc		1,581,000
			TOTAL HOLDING AND OTHER INVESTMENT OFFICES		187,134,361
HOTELS AND OTHER LODGING PLACES - 0.14%
	220,000	*	Orient-Express Hotels Ltd (Class A)		2,230,800
			TOTAL HOTELS AND OTHER LODGING PLACES		2,230,800
INDUSTRIAL MACHINERY AND EQUIPMENT - 2.71%
	207,000	*	AGCO Corp		6,694,380
	260,000		Applied Materials, Inc		3,624,400
	101,426		Curtiss-Wright Corp		3,176,662
	158,000		ITT Industries, Inc		7,858,920
	147,000		Joy Global, Inc		7,583,730
	69,593		Pall Corp		2,519,267
	170,000	*	Teradata Corp		5,343,100
	290,000		Textron, Inc		5,454,900
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		42,255,359
INSTRUMENTS AND RELATED PRODUCTS - 2.09%
	1,700,000	*	Boston Scientific Corp		15,299,999
	135,594	*	Bruker BioSciences Corp		1,635,264
	405,000		PerkinElmer, Inc		8,338,950
	48,413		Rockwell Collins, Inc		2,680,144
	433,696	*	Teradyne, Inc		4,653,558
			TOTAL INSTRUMENTS AND RELATED PRODUCTS		32,607,915
INSURANCE AGENTS, BROKERS AND SERVICE - 0.83%
	170,823		AON Corp		6,549,354
	290,399		Marsh & McLennan Cos, Inc		6,412,010
			TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		12,961,364
INSURANCE CARRIERS - 7.74%
	79,005		ACE Ltd		3,981,852

35

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY		VALUE
	77,938	*	Arch Capital Group Ltd	$	5,576,464
	112,102		Aspen Insurance Holdings Ltd		2,852,996
	224,205		Axis Capital Holdings Ltd		6,369,664
	116,373		Cincinnati Financial Corp		3,053,628
	78,670		Everest Re Group Ltd		6,740,446
	93,000		Hanover Insurance Group, Inc		4,131,990
	156,332	*	Health Net, Inc		3,640,972
	255,000		Lincoln National Corp		6,344,400
	304,596		Max Re Capital Ltd		6,792,491
	80,000		Metlife, Inc		2,828,000
	120,643		PartnerRe Ltd		9,007,206
	461,225		Principal Financial Group		11,087,849
	341,646	*	Progressive Corp		6,146,212
	181,547		Prudential Financial, Inc		9,033,779
	125,982		RenaissanceRe Holdings Ltd		6,695,943
	75,000		UnitedHealth Group, Inc		2,286,000
	106,764		Validus Holdings Ltd		2,876,222
	55,000	*	WellPoint, Inc		3,205,950
	993,467		XL Capital Ltd (Class A)		18,210,249
			TOTAL INSURANCE CARRIERS		120,862,313
METAL MINING - 1.34%
	315,000		Anglo American plc		13,641,897
	63,542		Compania de Minas Buenaventura S.A. (ADR) (Series B)		2,126,751
	44,378	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		3,563,110
	130,000	*	Thompson Creek Metals Co, Inc		1,523,600
			TOTAL METAL MINING		20,855,358
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.69%
	114,651		Armstrong World Industries, Inc		4,463,363
	206,000		Jarden Corp		6,367,460
			TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		10,830,823
MOTION PICTURES - 0.21%
	58,579	*	Discovery Communications, Inc (Class A)		1,796,618
	58,579	*	Discovery Communications, Inc (Class C)		1,553,515
			TOTAL MOTION PICTURES		3,350,133
NONDEPOSITORY INSTITUTIONS - 1.49%
	156,000		Capital One Financial Corp		5,981,040
	2,550,572		Chimera Investment Corp		9,896,219
	500,000		Discover Financial Services		7,355,000
			TOTAL NONDEPOSITORY INSTITUTIONS		23,232,259
NONMETALLIC MINERALS, EXCEPT FUELS - 0.28%
	66,000		Compass Minerals International, Inc		4,434,540
			TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		4,434,540
OIL AND GAS EXTRACTION - 6.97%
	65,559		Anadarko Petroleum Corp		4,092,193

36

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	104,894		Baker Hughes, Inc	$	4,246,109
	175,000		Berry Petroleum Co (Class A)		5,101,250
	304,278		BJ Services Co		5,659,571
	96,088		Cabot Oil & Gas Corp		4,188,476
	550,804	*	Cobalt International Energy, Inc		7,623,127
	171,461	*	Concho Resources, Inc		7,698,599
	60,059	*,m	Crescent Point Energy Corp		2,267,753
	182,000		Crescent Point Energy Corp		6,872,095
	444,000	*	Denbury Resources, Inc		6,571,200
	135,000		Ensco International PLC (ADR)		5,391,900
	42,361		Equitable Resources, Inc		1,860,495
	308,905	*	Forest Oil Corp		6,873,136
	230,000	*	Nabors Industries Ltd		5,034,700
	161,000		Noble Energy, Inc		11,466,420
	423,854	*	Pride International, Inc		13,525,181
	110,000	*	Seahawk Drilling, Inc		2,479,400
	120,000		Smith International, Inc		3,260,400
	218,213		Tullow Oil plc		4,578,205
			TOTAL OIL AND GAS EXTRACTION		108,790,210
PAPER AND ALLIED PRODUCTS - 1.84%
	176,161		Greif, Inc (Class A)		9,509,171
	272,321		International Paper Co		7,292,756
	139,186		MeadWestvaco Corp		3,984,895
	378,000		Temple-Inland, Inc		7,979,580
			TOTAL PAPER AND ALLIED PRODUCTS		28,766,402
PETROLEUM AND COAL PRODUCTS - 1.32%
	83,000		Ashland, Inc		3,288,460
	40,344		Hess Corp		2,440,812
	152,298		Murphy Oil Corp		8,254,552
	88,000		Walter Industries, Inc		6,627,280
			TOTAL PETROLEUM AND COAL PRODUCTS		20,611,104
PIPELINES, EXCEPT NATURAL GAS - 0.84%
	640,000		Spectra Energy Corp		13,126,400
			TOTAL PIPELINES, EXCEPT NATURAL GAS		13,126,400
PRIMARY METAL INDUSTRIES - 0.54%
	40,344		Precision Castparts Corp		4,451,961
	22,088		Vallourec		3,996,130
			TOTAL PRIMARY METAL INDUSTRIES		8,448,091
PRINTING AND PUBLISHING - 0.94%
	71,610		Dun & Bradstreet Corp		6,041,736
	605,158		Pearson plc		8,676,749
			TOTAL PRINTING AND PUBLISHING		14,718,485
RAILROAD TRANSPORTATION - 0.34%
	70,000		CSX Corp		3,394,300
	38,000		Norfolk Southern Corp		1,991,960
			TOTAL RAILROAD TRANSPORTATION		5,386,260

37

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 0.27%
	190,000	*	Forestar Real Estate Group, Inc	$	4,176,200
			TOTAL REAL ESTATE		4,176,200
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.93%
	444,000	*	Goodyear Tire & Rubber Co		6,260,400
	272,321		Newell Rubbermaid, Inc		4,087,538
	327,794		SSL International plc		4,140,451
			TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		14,488,389
SECURITY AND COMMODITY BROKERS - 2.61%
	235,000		Ameriprise Financial, Inc		9,122,700
	98,000		Charles Schwab Corp		1,844,360
	2,100,000	*	E*Trade Financial Corp		3,675,000
	398,025	*	FBR Capital Markets Corp		2,459,795
	420,000		Invesco Ltd		9,865,800
	85,000	*	Jefferies Group, Inc		2,017,050
	250,000		Legg Mason, Inc		7,540,000
	215,000	*	Nasdaq Stock Market, Inc		4,261,300
			TOTAL SECURITY AND COMMODITY BROKERS		40,786,005
TOBACCO PRODUCTS - 0.94%
	182,000		Lorillard, Inc		14,601,860
			TOTAL TOBACCO PRODUCTS		14,601,860
TRANSPORTATION BY AIR - 1.47%
	554,728	*	AMR Corp		4,288,047
	425,000	*	Continental Airlines, Inc (Class B)		7,616,000
	510,000	*	Delta Air Lines, Inc		5,803,800
	62,000		FedEx Corp		5,173,900
			TOTAL TRANSPORTATION BY AIR		22,881,747
TRANSPORTATION EQUIPMENT - 1.98%
	138,178	*	Autoliv, Inc		5,991,398
	200,000	*	Federal Mogul Corp (Class A)		3,460,000
	88,756		Goodrich Corp		5,702,573
	116,997		Porsche AG.		7,316,318
	423,610	*	Spirit Aerosystems Holdings, Inc (Class A)		8,412,895
			TOTAL TRANSPORTATION EQUIPMENT		30,883,184
TRUCKING AND WAREHOUSING - 0.15%
	68,000		Con-way, Inc		2,373,880
			TOTAL TRUCKING AND WAREHOUSING		2,373,880
WATER TRANSPORTATION - 0.38%
	318,769	*	Eagle Bulk Shipping, Inc		1,577,907
	195,000		Genco Shipping & Trading Ltd		4,364,100
			TOTAL WATER TRANSPORTATION		5,942,007

38

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
WHOLESALE TRADE-DURABLE GOODS - 0.42%
	146,000	*	Arrow Electronics, Inc	$	4,323,060
	65,559		BorgWarner, Inc		2,177,870
			TOTAL WHOLESALE TRADE-DURABLE GOODS		6,500,930
WHOLESALE TRADE-NONDURABLE GOODS - 0.38%
	183,000		Terra Industries, Inc		5,890,770
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		5,890,770
			TOTAL COMMON STOCKS		1,556,780,270
			(Cost $1,446,858,238)
			TOTAL INVESTMENTS - 99.71%		1,556,780,270
			(Cost $1,446,858,238)
			OTHER ASSETS AND LIABILITIES, NET - 0.29%		4,545,316
			NET ASSETS - 100.00%	$	1,561,325,586
			The following abbreviations are used in portfolio descriptions:
		ADR	American Depositary Receipt
		plc	Public Limited Company
		*	Non-income producing
		m	Indicates a security that has been deemed illiquid.

39

TIAA-CREF FUNDS - Small-Cap Equity Fund

TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.99%
AGRICULTURAL PRODUCTION-CROPS - 0.14%
	56,700	*	Chiquita Brands International, Inc	$	1,022,868
			TOTAL AGRICULTURAL PRODUCTION-CROPS		1,022,868
AGRICULTURAL PRODUCTION-LIVESTOCK - 0.11%
	604		Seaboard Corp		814,796
			TOTAL AGRICULTURAL PRODUCTION-LIVESTOCK		814,796
AMUSEMENT AND RECREATION SERVICES - 0.75%
	20,848	*	Bally Technologies, Inc		860,814
	8,690		Dover Downs Gaming & Entertainment, Inc		32,848
	130,735	*	Live Nation, Inc		1,112,555
	59,400	*	Pinnacle Entertainment, Inc		533,412
	110,009	*	Ticketmaster		1,344,310
	93,242		World Wrestling Entertainment, Inc (Class A)		1,429,400
			TOTAL AMUSEMENT AND RECREATION SERVICES		5,313,339
APPAREL AND ACCESSORY STORES - 2.25%
	70,205	*	Carter’s, Inc		1,842,881
	150,815		Cato Corp (Class A)		3,025,349
	6,200	*	Children’s Place Retail Stores, Inc		204,662
	44,506	*	Citi Trends, Inc		1,229,256
	18,300	*	Collective Brands, Inc		416,691
	152,483	*	Dress Barn, Inc		3,522,357
	50,700	*	DSW, Inc (Class A)		1,312,116
	55,247	*	J Crew Group, Inc		2,471,751
	26,100	*	JOS A Bank Clothiers, Inc		1,101,159
	70,519		Stage Stores, Inc		871,615
			TOTAL APPAREL AND ACCESSORY STORES		15,997,837
APPAREL AND OTHER TEXTILE PRODUCTS - 0.74%
	17,700	*	Gymboree Corp		769,773
	139,955		Jones Apparel Group, Inc		2,247,677
	44,478	*	Liz Claiborne, Inc		250,411
	37,370	*	Maidenform Brands, Inc		623,705
	31,861	*	Warnaco Group, Inc		1,344,216
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		5,235,782
AUTO REPAIR, SERVICES AND PARKING - 0.41%
	68,346	*	Dollar Thrifty Automotive Group, Inc		1,750,341
	37,676	*	Wright Express Corp		1,200,357
			TOTAL AUTO REPAIR, SERVICES AND PARKING		2,950,698

40

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.28%
	191,000		Sonic Automotive, Inc (Class A)	$	1,984,490
			TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		1,984,490
BUSINESS SERVICES - 9.92%
	427,765	*	3Com Corp		3,208,237
	4,716	*	ACI Worldwide, Inc		80,879
	146,516	*	Actuate Corp		627,088
	105,275	*	Acxiom Corp		1,412,791
	44,569		Administaff, Inc		1,051,383
	148,960	*	AMN Healthcare Services, Inc		1,349,578
	11,216	*	APAC Customer Services, Inc		66,847
	44,600	*	ArcSight, Inc		1,140,868
	23,000	*	Ariba, Inc		287,960
	307,374	*	Art Technology Group, Inc		1,386,257
	65,200	*	Avis Budget Group, Inc		855,424
	100,903		BGC Partners, Inc (Class A)		466,172
	14,900		Blackbaud, Inc		352,087
	1,000	*	Blackboard, Inc		45,390
	33,600	*	Bottomline Technologies, Inc		590,352
	30,400	*	CACI International, Inc (Class A)		1,485,040
	9,800	*	Capella Education Co		737,940
	101,171	*	Ciber, Inc		349,040
	67,811	*	Cogent, Inc		704,556
	81,781	*	Commvault Systems, Inc		1,937,392
	68,219		Compass Diversified Trust		870,474
	75,635	*	CSG Systems International, Inc		1,443,872
	65,155	*	Dice Holdings, Inc		426,765
	41,573	*	Digital River, Inc		1,122,055
	20,900	*	Dynamics Research Corp		221,749
	58,578	*	DynCorp International, Inc (Class A)		840,594
	163,683		Earthlink, Inc		1,360,206
	61,362	*	FalconStor Software, Inc		249,130
	28,700	*	Forrester Research, Inc		744,765
	106,680	*	Gartner, Inc		1,924,507
	62,177	*	Global Sources Ltd		388,606
	51,196	*	Hackett Group, Inc		142,325
	13,700		Heartland Payment Systems, Inc		179,881
	51,646	*	i2 Technologies, Inc		987,472
	32,800		iGate Corp		328,000
	60,956	*	Informatica Corp		1,576,322
	2,313	*	Integral Systems, Inc		20,031
	36,300	*	Interactive Intelligence, Inc		669,372
	9,091	*	inVentiv Health, Inc		147,001
	29,800	*	JDA Software Group, Inc		759,006
	33,970	*	Kenexa Corp		443,309
	9,050		Keynote Systems, Inc		98,736
	131,240	*	Lawson Software, Inc		872,746
	19,000	*	Limelight Networks, Inc		74,670
	20,400	*	Liquidity Services, Inc		205,428
	76,600	*	Liveperson, Inc		533,902
	16,300	*	Mantech International Corp (Class A)		786,964
	833	*	Mastech Holdings, Inc		3,915

41

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	26,100	*	MicroStrategy, Inc (Class A)	$	2,453,922
	76,129	*	ModusLink Global Solutions, Inc		716,374
	220,200	*	MoneyGram International, Inc		634,176
	20,831	*	NCI, Inc (Class A)		575,977
	92,794	*	Netscout Systems, Inc		1,358,504
	15,100		NIC, Inc		138,014
	49,924	*	On Assignment, Inc		356,957
	57,500		Pegasystems, Inc		1,955,000
	11,788	*	Perfect World Co Ltd (ADR)		464,919
	7,123	*	Perficient, Inc		60,047
	37,600	*	Pervasive Software, Inc		181,232
	40,710	*	PROS Holdings, Inc		421,349
	113,794	*	Quest Software, Inc		2,093,810
	31,254	*	Rent-A-Center, Inc		553,821
	23,812	*	RightNow Technologies, Inc		413,614
	17,400		Rollins, Inc		335,472
	167,934	*	S1 Corp		1,094,930
	44,848	*	Saba Software, Inc		185,671
	261,624	*	Sapient Corp		2,163,630
	59,241	*	SolarWinds, Inc		1,363,135
	117,028	*	SonicWALL, Inc		890,583
	7,400	*	Sonus Networks, Inc		15,614
	13,025	*	Sourcefire, Inc		348,419
	43,560	*	StarTek, Inc		325,829
	45,802	*	SuccessFactors, Inc		759,397
	79,530	*	SYKES Enterprises, Inc		2,025,629
	71,261	*	SYNNEX Corp		2,184,862
	2,344		Take-Two Interactive Software, Inc		23,557
	129,422	*	TeleTech Holdings, Inc		2,592,323
	44,148	*	TIBCO Software, Inc		425,145
	114,750	*	Unisys Corp		4,424,759
	184,922	*	Valueclick, Inc		1,871,411
	6,652	*	Vasco Data Security International		41,708
	35,632	*	Virtusa Corp		322,826
	65,879	*	Websense, Inc		1,150,247
			TOTAL BUSINESS SERVICES		70,479,947
CHEMICALS AND ALLIED PRODUCTS - 7.26%
	23,568	*	Acorda Therapeutics, Inc		594,385
	111,629	*	Adolor Corp		162,978
	52,837	*	Allos Therapeutics, Inc		347,139
	31,535	*	Alnylam Pharmaceuticals, Inc		555,647
	10,600	*	AMAG Pharmaceuticals, Inc		403,118
	7,781	*	Arqule, Inc		28,712
	62,602	*	Auxilium Pharmaceuticals, Inc		1,876,808
	120,700	*	AVANIR Pharmaceuticals, Inc		229,330
	51,430	*	Cambrex Corp		286,979
	19,300	*	Caraco Pharmaceutical Laboratories Ltd		116,572
	40,000	*	Chelsea Therapeutics International, Inc		108,000
	26,300	*	China-Biotics, Inc		406,861
	33,800	*	Cornerstone Therapeutics, Inc		206,180
	22,942	*	Cubist Pharmaceuticals, Inc		435,210

42

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	46,476	*	Emergent Biosolutions, Inc	$	631,609
	15,405	*	Enzon Pharmaceuticals, Inc		162,215
	52,347	*	Facet Biotech Corp		920,260
	50,427		Ferro Corp		415,518
	70,579	*	Geron Corp		391,713
	89,646	*	Halozyme Therapeutics, Inc		526,222
	19,300	*	Hi-Tech Pharmacal Co, Inc		541,365
	106,521	*	Human Genome Sciences, Inc		3,259,542
	40,900	*	Idenix Pharmaceuticals, Inc		87,935
	10,900	*	Idera Pharmaceuticals, Inc		56,353
	137,691	*	Immucor, Inc		2,786,866
	5,804	*	Immunogen, Inc		45,619
	82,400	*	Impax Laboratories, Inc		1,120,640
	70,051		Innophos Holdings, Inc		1,610,472
	66,263		Innospec, Inc		668,594
	92,157	*	Inspire Pharmaceuticals, Inc		508,707
	9,720		Inter Parfums, Inc		118,292
	29,302		Koppers Holdings, Inc		891,953
	8,400	*	Landec Corp		52,416
	31,600	*	Lannett Co, Inc		186,756
	75,498	*	Ligand Pharmaceuticals, Inc (Class B)		163,831
	38,654	*	MAP Pharmaceuticals, Inc		368,373
	54,100		Medicis Pharmaceutical Corp (Class A)		1,463,405
	28,015	*	Medivation, Inc		1,054,765
	1,211		Meridian Bioscience, Inc		26,097
	66,900	*	Micromet, Inc		445,554
	44,500		Minerals Technologies, Inc		2,423,915
	35,000	*	Momenta Pharmaceuticals, Inc		441,350
	43,617	*	Neurocrine Biosciences, Inc		118,638
	10,502		NewMarket Corp		1,205,315
	170,829	*	NPS Pharmaceuticals, Inc		580,819
	68,650	*	Obagi Medical Products, Inc		823,800
	9,187	*	OM Group, Inc		288,380
	172,161	*	Omnova Solutions, Inc		1,055,347
	71,959	*	Onyx Pharmaceuticals, Inc		2,111,277
	59,046	*	Orexigen Therapeutics, Inc		439,302
	91,800	*	OXiGENE, Inc		104,652
	83,038	*	Par Pharmaceutical Cos, Inc		2,247,008
	270,317		PDL BioPharma, Inc		1,854,375
	1,761		PetMed Express, Inc		31,046
	371,604	*	PolyOne Corp		2,775,882
	18,436	*	Pozen, Inc		110,432
	96,772	*	Prestige Brands Holdings, Inc		760,628
	144,381	*	Questcor Pharmaceuticals, Inc		685,810
	52,000	*	Quidel Corp		716,560
	90,376	*	Revlon, Inc (Class A)		1,537,296
	92,900	*	Santarus, Inc		429,198
	96,200	*	Sciclone Pharmaceuticals, Inc		224,146
	53,612	*	Solutia, Inc		680,872
	57,900	*	Spectrum Pharmaceuticals, Inc		257,076
	31,048		Stepan Co		2,012,221
	26,491	*	Sucampo Pharmaceuticals, Inc (Class A)		107,024

43

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	115,100	*	SuperGen, Inc	$	301,562
	10,878	*	Theravance, Inc		142,175
	4,700	*	USANA Health Sciences, Inc		149,930
	9,712	*	Vanda Pharmaceuticals, Inc		109,163
	49,365	*	Viropharma, Inc		414,172
	85,700	*	WR Grace & Co		2,172,495
	14,500	*	Zymogenetics, Inc		92,655
			TOTAL CHEMICALS AND ALLIED PRODUCTS		51,667,512
COAL MINING - 0.10%
	32,000	*	James River Coal Co		592,960
	14,077	*	Westmoreland Coal Co		125,426
			TOTAL COAL MINING		718,386
COMMUNICATIONS - 1.99%
	40,126		Adtran, Inc		904,841
	47,800	*	Anixter International, Inc		2,251,381
	162,699	*	Aruba Networks, Inc		1,734,371
	29,925		Atlantic Tele-Network, Inc		1,646,174
	108,300	*	Brightpoint, Inc		796,005
	402,125	*	Cincinnati Bell, Inc		1,387,331
	68,735	*	Global Crossing Ltd		979,474
	66,228	*	j2 Global Communications, Inc		1,347,740
	57,467	*	Mediacom Communications Corp (Class A)		256,877
	16,900	*	Neutral Tandem, Inc		384,475
	183,968	*	PAETEC Holding Corp		763,467
	71,538	*	Sprint Nextel Corp		261,829
	34,864	*	TeleCommunication Systems, Inc (Class A)		337,484
	99,119		USA Mobility, Inc		1,091,300
			TOTAL COMMUNICATIONS		14,142,749
DEPOSITORY INSTITUTIONS - 6.45%
	20,000		1st Source Corp		321,800
	7,248		Ameris Bancorp		51,898
	13,802		Bancfirst Corp		511,226
	12,616		Banner Corp		33,811
	1,621	*	Beneficial Mutual Bancorp, Inc		15,951
	33,800		Berkshire Hills Bancorp, Inc		698,984
	190,209		Boston Private Financial Holdings, Inc		1,097,506
	78,460		Brookline Bancorp, Inc		777,539
	10,700		Century Bancorp, Inc		235,721
	251,852	*	Citizens Republic Bancorp, Inc		173,778
	142,618		Community Bank System, Inc		2,753,954
	80,656		CVB Financial Corp		696,868
	76,700		Dime Community Bancshares		898,924
	114,132		East West Bancorp, Inc		1,803,286
	3,780		First Bancorp		52,807
	18,500		First Defiance Financial Corp		208,865
	91,429		First Financial Bancorp		1,331,206
	11,340		First Financial Bankshares, Inc		614,968
	10,565		First Financial Holdings, Inc		137,239
	26,400		First Merchants Corp		156,816

44

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	46,777		FirstMerit Corp	$	942,089
	46,600	*	Flagstar Bancorp, Inc		27,960
	1,200		Flushing Financial Corp		13,512
	2		Fulton Financial Corp		17
	24,757		Hancock Holding Co		1,084,109
	10,211		Independent Bank Corp		213,308
	91,746		International Bancshares Corp		1,736,752
	28,770		Lakeland Bancorp, Inc		183,840
	5,500		Lakeland Financial Corp		94,875
	35,371		MainSource Financial Group, Inc		169,073
	24,900		Nara Bancorp, Inc		282,366
	151,198		National Penn Bancshares, Inc		875,436
	53,650		NBT Bancorp, Inc		1,092,851
	61,809	*	Net 1 UEPS Technologies, Inc		1,200,331
	144,701		NewAlliance Bancshares, Inc		1,737,859
	29,211		Northwest Bancshares, Inc		330,669
	37,500		Pacific Capital Bancorp		36,000
	110,293		Prosperity Bancshares, Inc		4,463,557
	95,078		Provident Financial Services, Inc		1,012,581
	10,252		Provident New York Bancorp		86,527
	28,900		Qc Holdings, Inc		139,009
	3,814		Renasant Corp		51,870
	18,618		Republic Bancorp, Inc (Class A)		383,531
	10,579		S.Y. Bancorp, Inc		225,862
	16,129		SCBT Financial Corp		446,612
	32,316	*	Signature Bank		1,030,880
	31,643		Simmons First National Corp (Class A)		879,675
	62,435		South Financial Group, Inc		40,252
	7,565		Southside Bancshares, Inc		148,425
	22,264		Southwest Bancorp, Inc		154,512
	54,946		Sterling Bancorp		392,314
	13,648		Suffolk Bancorp		405,346
	77,703	*	Sun Bancorp, Inc		291,386
	175,021		Susquehanna Bancshares, Inc		1,030,874
	30,500	*	The Bancorp, Inc		209,230
	9,192		Tompkins Trustco, Inc		372,276
	30,100		Trico Bancshares		501,165
	136,874		Trustco Bank Corp NY		862,306
	54,613		Trustmark Corp		1,230,977
	72,767		UMB Financial Corp		2,863,381
	160,753		Umpqua Holdings Corp		2,155,698
	10,000		Union Bankshares Corp		123,900
	9,807		United Community Banks, Inc		33,246
	44,108		United Financial Bancorp, Inc		578,256
	6,100		Washington Trust Bancorp, Inc		95,038
	15,300		WesBanco, Inc		188,802
	60,600	*	Western Alliance Bancorp		229,068
	45,780		Westfield Financial, Inc		377,685
	74,748		Wilshire Bancorp, Inc		612,186
	55,527		Wintrust Financial Corp		1,709,676
			TOTAL DEPOSITORY INSTITUTIONS		45,920,297

45

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
EATING AND DRINKING PLACES - 1.73%
	34,950	*	AFC Enterprises	$	285,192
	28,384		Bob Evans Farms, Inc		821,717
	56,300	*	California Pizza Kitchen, Inc		757,235
	36,600		CBRL Group, Inc		1,390,434
	138,700	*	Cheesecake Factory		2,994,533
	219,203	*	Denny’s Corp		480,055
	172,900	*	Domino’s Pizza, Inc		1,448,902
	23,477	*	O’Charleys, Inc		153,774
	45,728	*	Papa John’s International, Inc		1,068,206
	77,563	*	PF Chang’s China Bistro, Inc		2,940,413
			TOTAL EATING AND DRINKING PLACES		12,340,461
EDUCATIONAL SERVICES - 0.72%
	26,997	*	American Public Education, Inc		927,617
	57,200	*	Bridgepoint Education, Inc		859,144
	240,751	*	Corinthian Colleges, Inc		3,315,142
	5	*	Lincoln Educational Services Corp		108
			TOTAL EDUCATIONAL SERVICES		5,102,011
ELECTRIC, GAS, AND SANITARY SERVICES - 3.51%
	124,539		Avista Corp		2,688,797
	50,163		Black Hills Corp		1,335,841
	22,230		California Water Service Group		818,509
	15,020		Chesapeake Utilities Corp		481,391
	64,319	*	El Paso Electric Co		1,304,389
	2,269		Empire District Electric Co		42,498
	15,900	*	Heritage-Crystal Clean, Inc		166,314
	96,730		Idacorp, Inc		3,090,524
	89,130		Laclede Group, Inc		3,009,920
	5,300		MGE Energy, Inc		189,422
	55,130		New Jersey Resources Corp		2,061,862
	53,930		Nicor, Inc		2,270,453
	12,800		South Jersey Industries, Inc		488,704
	72,061		Southwest Gas Corp		2,055,900
	62,203		UIL Holdings Corp		1,746,660
	6,300	*	Waste Services, Inc		57,393
	94,755		WGL Holdings, Inc		3,178,083
			TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		24,986,660
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 9.28%
	57,500	*	Acme Packet, Inc		632,500
	212,300	*	ADC Telecommunications, Inc		1,318,383
	38,800	*	American Superconductor Corp		1,586,920
	47,838		Applied Signal Technology, Inc		922,795
	241,676	*	Arris Group, Inc		2,762,357
	99,800	*	Atheros Communications, Inc		3,417,152
	33,333	*	AZZ, Inc		1,089,989
	177,725	*	Benchmark Electronics, Inc		3,360,780
	87,500	*	BigBand Networks, Inc		301,000
	10,057	*	Checkpoint Systems, Inc		153,369
	79,989		CTS Corp		769,494

46

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	46,440		Cubic Corp	$	1,732,212
	43,800	*	DDi Corp		214,182
	72,600	*	Diodes, Inc		1,484,670
	140,763	*	EnerSys		3,078,487
	70,180	*	Exar Corp		498,980
	132,692	*	Exide Technologies		943,440
	49,700	*	GrafTech International Ltd		772,835
	56,600	*	GSI Technology, Inc		253,568
	206,393	*	GT Solar International, Inc		1,147,545
	201,981	*	Harris Stratex Networks, Inc (Class A)		1,395,689
	68,150	*	InterDigital, Inc		1,808,701
	28,500		IXYS Corp		211,470
	343,626	*	Lattice Semiconductor Corp		927,790
	54,700	*	MEMSIC, Inc		179,416
	21,765		Methode Electronics, Inc		188,920
	103,209	*	Microtune, Inc		233,252
	14,946	*	MIPS Technologies, Inc		65,314
	49,822	*	Monolithic Power Systems, Inc		1,194,233
	59,645	*	Multi-Fineline Electronix, Inc		1,692,129
	8,933		National Presto Industries, Inc		975,752
	7,200	*	NVE Corp		297,432
	30,044	*	Omnivision Technologies, Inc		436,539
	133,258	*	Openwave Systems, Inc		303,828
	45,141	*	Oplink Communications, Inc		739,861
	53,079	*	OSI Systems, Inc		1,447,995
	40,997	*	Pericom Semiconductor Corp		472,695
	98,600		Plantronics, Inc		2,561,628
	64,617	*	Plexus Corp		1,841,585
	68,055	*	Polycom, Inc		1,699,333
	26,594	*	Powell Industries, Inc		838,509
	101,400	*	Powerwave Technologies, Inc		127,764
	13,900		Raven Industries, Inc		441,603
	32,211		Regal-Beloit Corp		1,673,039
	577,006	*	RF Micro Devices, Inc		2,752,319
	72,353	*	Seachange International, Inc		475,359
	67,890	*	Semtech Corp		1,154,809
	191,289	*	Silicon Storage Technology, Inc		489,700
	176,450	*	Skyworks Solutions, Inc		2,503,826
	75,600	*	Smart Modular Technologies WWH, Inc		475,524
	12,549	*	Stoneridge, Inc		113,066
	95,278	*	Symmetricom, Inc		495,446
	59,185	*	Synaptics, Inc		1,814,020
	63,678	*	Tekelec		973,000
	95,812	*	Tessera Technologies, Inc		2,229,545
	11,600	*	Triquint Semiconductor, Inc		69,600
	80,507	*	TTM Technologies, Inc		928,246
	22,332	*	Universal Electronics, Inc		518,549
	77,600	*	Utstarcom, Inc		169,944
	89,274	*	Volterra Semiconductor Corp		1,706,919
	41,664	*	White Electronic Designs Corp		194,571
	67,526	*	Zoran Corp		746,162
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		66,005,740

47

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
ENGINEERING AND MANAGEMENT SERVICES - 2.23%
	18,436	*	Affymax, Inc	$	456,107
	245,134	*	Ariad Pharmaceuticals, Inc		558,906
	39,037	*	Celera Corp		269,746
	131,431	*	Exelixis, Inc		968,646
	23,129	*	Exponent, Inc		643,911
	3,200	*	Furmanite Corp		12,192
	8,841	*	Incyte Corp		80,542
	40,900	*	Infinity Pharmaceuticals, Inc		252,762
	149,300	*	Insmed, Inc		114,961
	85,723	*	Isis Pharmaceuticals, Inc		951,525
	7,073	*	Luminex Corp		105,600
	15,696		MAXIMUS, Inc		784,800
	83,246	*	Maxygen, Inc		506,968
	35,500		MedQuist, Inc		237,495
	26,032	*	Michael Baker Corp		1,077,725
	45,772	*	Regeneron Pharmaceuticals, Inc		1,106,767
	71,029	*	Repligen Corp		291,929
	69,808	*	Savient Pharmaceuticals, Inc		950,087
	88,257	*	Seattle Genetics, Inc		896,691
	51,127	*	Tetra Tech, Inc		1,389,120
	12,270		VSE Corp		553,132
	77,213		Watson Wyatt & Co Holdings (Class A)		3,669,161
			TOTAL ENGINEERING AND MANAGEMENT SERVICES		15,878,773
FABRICATED METAL PRODUCTS - 1.06%
	79,582	*	Bway Holding Co		1,529,566
	75,314	*	Chart Industries, Inc		1,246,447
	77,735		CIRCOR International, Inc		1,957,366
	14,800	*	Hawk Corp		260,628
	13,900		Insteel Industries, Inc		180,700
	15,462		Silgan Holdings, Inc		894,941
	149,781		Sturm Ruger & Co, Inc		1,452,876
			TOTAL FABRICATED METAL PRODUCTS		7,522,524
FISHERIES - 0.04%
	36,681	*	HQ Sustainable Maritime Industries, Inc		258,234
			TOTAL FISHERIES		258,234
FOOD AND KINDRED PRODUCTS - 1.08%
	74,175	*	Central Garden and Pet Co (Class A)		737,300
	7,430		Coca-Cola Bottling Co Consolidated		401,369
	6,396	*	Darling International, Inc		53,598
	1,839		Imperial Sugar Co		32,072
	28,417		J&J Snack Foods Corp		1,135,543
	40,600		Lancaster Colony Corp		2,017,820
	9,974		Lance, Inc		262,316
	36,800	*	Matrixx Initiatives, Inc		155,296
	16,911	*	National Beverage Corp		234,386
	17,937	*	Peet’s Coffee & Tea, Inc		597,840
	48,500		Sanderson Farms, Inc		2,044,761
			TOTAL FOOD AND KINDRED PRODUCTS		7,672,301

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
FOOD STORES - 0.47%
	7,143		Ingles Markets, Inc (Class A)	$	108,074
	75,721	*	Pantry, Inc		1,029,048
	8,461		Village Super Market (Class A)		231,155
	45,532		Weis Markets, Inc		1,655,543
	34,195	*	Winn-Dixie Stores, Inc		343,318
			TOTAL FOOD STORES		3,367,138
FURNITURE AND FIXTURES - 0.30%
	30,627		Kimball International, Inc (Class B)		260,942
	32,200		La-Z-Boy, Inc		306,866
	95,600		Steelcase, Inc (Class A)		608,016
	41,133	*	Tempur-Pedic International, Inc		971,973
			TOTAL FURNITURE AND FIXTURES		2,147,797
FURNITURE AND HOME FURNISHINGS STORES - 0.12%
	170,210	*	Pier 1 Imports, Inc		866,369
			TOTAL FURNITURE AND HOME FURNISHINGS STORES		866,369
GENERAL BUILDING CONTRACTORS - 0.66%
	12,000		Brookfield Homes Corp		96,000
	71,310	*	Hovnanian Enterprises, Inc (Class A)		273,830
	62,900	*	Meritage Homes Corp		1,215,857
	40,723	*	Perini Corp		736,272
	44,409		Ryland Group, Inc		874,857
	404,427	*	Standard-Pacific Corp		1,512,558
			TOTAL GENERAL BUILDING CONTRACTORS		4,709,374
GENERAL MERCHANDISE STORES - 0.47%
	147,195	*	99 Cents Only Stores		1,923,839
	25,766		Casey’s General Stores, Inc		822,451
	64,753	*	Retail Ventures, Inc		575,654
			TOTAL GENERAL MERCHANDISE STORES		3,321,944
HEALTH SERVICES - 1.89%
	68,400	*	Amedisys, Inc		3,321,504
	16,400		America Service Group, Inc		260,268
	54,716	*	China Sky One Medical, Inc		1,244,789
	79,100	*	Continucare Corp		345,667
	25,347	*	CryoLife, Inc		162,728
	16,700	*	Genomic Health, Inc		326,652
	1,026	*	Genoptix, Inc		36,454
	214,300	*	Healthsouth Corp		4,022,411
	122,084	*	Immunomedics, Inc		391,890
	38,965	*	Nighthawk Radiology Holdings, Inc		176,511
	68,787	*	Odyssey HealthCare, Inc		1,071,701
	69,569	*	RehabCare Group, Inc		2,116,985
			TOTAL HEALTH SERVICES		13,477,560

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
HEAVY CONSTRUCTION, EXCEPT BUILDING - 0.36%
	10,593		Granite Construction, Inc	$	356,560
	25,240	*	LB Foster Co (Class A)		752,404
	103,343	*	Matrix Service Co		1,100,604
	19,313	*	Sterling Construction Co, Inc		370,423
			TOTAL HEAVY CONSTRUCTION, EXCEPT BUILDING		2,579,991
HOLDING AND OTHER INVESTMENT OFFICES - 6.51%
	41,000		Acadia Realty Trust		691,670
	60,549		Agree Realty Corp		1,410,186
	132,407		Allied Capital Corp		477,989
	182,053		Anworth Mortgage Asset Corp		1,274,371
	124,502	*	Ashford Hospitality Trust, Inc		577,689
	72,385		Associated Estates Realty Corp		815,779
	69,700		BioMed Realty Trust, Inc		1,099,866
	76,400		Capstead Mortgage Corp		1,042,860
	215,420		CBL & Associates Properties, Inc		2,083,111
	25,800		Cedar Shopping Centers, Inc		175,440
	35,800		Danvers Bancorp, Inc		465,042
	70,000		Developers Diversified Realty Corp		648,200
	17,800		EastGroup Properties, Inc		681,384
	72,149		Education Realty Trust, Inc		349,201
	77,000		Equity Lifestyle Properties, Inc		3,886,190
	103,041	*	FelCor Lodging Trust, Inc		370,948
	60,988		Getty Realty Corp		1,435,048
	22,000		Gladstone Commercial Corp		295,020
	267,620		Glimcher Realty Trust		722,574
	27,700		Hatteras Financial Corp		774,492
	15,863		Hersha Hospitality Trust		49,810
	30,992		Highwoods Properties, Inc		1,033,583
	1,511		Investors Real Estate Trust		13,599
	11,300		iShares Russell 2000 Index Fund		703,538
	10,200		Kilroy Realty Corp		312,834
	87,000		LaSalle Hotel Properties		1,847,010
	23,846		Lexington Corporate Properties Trust		144,984
	75,273		LTC Properties, Inc		2,013,553
	340,954		MFA Mortgage Investments, Inc		2,506,012
	31,671		Mid-America Apartment Communities, Inc		1,529,076
	52,701		Mission West Properties, Inc		378,920
	57,193		National Health Investors, Inc		2,115,569
	39,341		National Retail Properties, Inc		834,816
	88,252		Omega Healthcare Investors, Inc		1,716,501
	53,082		Parkway Properties, Inc		1,105,167
	70,600		Pennsylvania Real Estate Investment Trust		597,276
	28,777		Potlatch Corp		917,411
	55,411		PS Business Parks, Inc		2,773,321
	172,516		Redwood Trust, Inc		2,494,581
	14,480		Resource Capital Corp		71,242
	20,370		Saul Centers, Inc		667,321
	551		Sun Communities, Inc		10,882
	86,930		Sunstone Hotel Investors, Inc		771,938
	42,999		Tanger Factory Outlet Centers, Inc		1,676,531

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	51,869		Urstadt Biddle Properties, Inc (Class A)	$	792,040
			TOTAL HOLDING AND OTHER INVESTMENT OFFICES		46,354,575
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.28%
	7,502		Aaon, Inc		146,214
	12,834		Alamo Group, Inc		220,103
	128,596	*	Allis-Chalmers Energy, Inc		484,807
	34,199	*	Altra Holdings, Inc		422,358
	37,162		Ampco-Pittsburgh Corp		1,171,718
	10,500	*	Bolt Technology Corp		115,710
	116,225	*	Cirrus Logic, Inc		792,655
	94,977	*	Colfax Corp		1,143,523
	44,989	*	Columbus McKinnon Corp		614,550
	123,807	*	Cray, Inc		794,841
	1,476	*	Dril-Quip, Inc		83,364
	31,072	*	Emulex Corp		338,685
	52,274	*	ENGlobal Corp		163,618
	104,764	*	EnPro Industries, Inc		2,766,816
	210,837	*	Extreme Networks, Inc		605,102
	14,100		Graham Corp		291,870
	25,500		John Bean Technologies Corp		433,755
	14,962		Nacco Industries, Inc (Class A)		745,108
	44,168	*	Netgear, Inc		958,004
	18,938		Nordson Corp		1,158,627
	416,685	*	Quantum Corp		1,220,887
	74,280	*	Riverbed Technology, Inc		1,706,212
	73,181		Sauer-Danfoss, Inc		878,904
	74,186	*	Sigma Designs, Inc		793,790
	38,809		Standex International Corp		779,673
	69,200	*	STEC, Inc		1,130,728
	57,625	*	Super Micro Computer, Inc		640,790
	38,413		Tennant Co		1,006,036
	106,800	*	VeriFone Holdings, Inc		1,749,383
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		23,357,831
INSTRUMENTS AND RELATED PRODUCTS - 4.85%
	8,200	*	Accuray, Inc		46,002
	143,200	*	Affymetrix, Inc		836,288
	23,500	*	Align Technology, Inc		418,770
	95,700	*	American Medical Systems Holdings, Inc		1,846,053
	24,485		American Science & Engineering, Inc		1,856,942
	119,900	*	Bruker BioSciences Corp		1,445,994
	85,974	*	Cantel Medical Corp		1,734,955
	1,209	*	Coherent, Inc		35,944
	1,866	*	Conmed Corp		42,545
	52,770	*	Cyberonics, Inc		1,078,619
	5,905	*	Cynosure, Inc (Class A)		67,848
	65,085	*	Depomed, Inc		218,035
	4,114	*	Dionex Corp		303,901
	34,060	*	DXP Enterprises, Inc		445,164
	353,420		Eastman Kodak Co		1,491,432
	100,000	*	ev3, Inc		1,334,000

51

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES			COMPANY	VALUE
	85,022	*	Fossil, Inc	$	2,853,339
	27,200	*	Haemonetics Corp		1,500,080
	88,446	*	Hanger Orthopedic Group, Inc		1,223,208
	23,973	*	ICU Medical, Inc		873,576
	110,864		Invacare Corp		2,764,949
	8,300	*	IRIS International, Inc		102,588
	61,400	*	ISTA Pharmaceuticals, Inc		279,984
	42,932	*	Kensey Nash Corp		1,094,766
	98,979	*	Kopin Corp		413,732
	12,400	*	LaBarge, Inc		149,420
	14,456	*	Masimo Corp		439,752
	33,211	*	Merit Medical Systems, Inc		640,640
	19,282		Mine Safety Appliances Co		511,551
	42,340		MTS Systems Corp		1,216,852
	13,300	*	NuVasive, Inc		425,334
	30,686	*	Orthofix International NV		950,345
	149,700	*	RAE Systems, Inc		164,670
	19,675	*	SonoSite, Inc		464,920
	85,994		STERIS Corp		2,405,252
	1,000	*	Symmetry Medical, Inc		8,060
	24,345	*	Synovis Life Technologies, Inc		314,294
	8,860	*	Teledyne Technologies, Inc		339,870
	28,090	*	Thoratec Corp		756,183
	41,719	*	Veeco Instruments, Inc		1,378,396
	3,352	*	Zygo Corp		22,559
			TOTAL INSTRUMENTS AND RELATED PRODUCTS		34,496,812
INSURANCE AGENTS, BROKERS AND SERVICE - 0.06%
	106,556	*	Crawford & Co (Class B)		419,831
			TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		419,831
INSURANCE CARRIERS - 3.88%
	244,949	*	Ambac Financial Group, Inc		203,308
	2,800	*	American Safety Insurance Holdings Ltd		40,460
	80,737	*	Argo Group International Holdings Ltd		2,352,676
	47,026		Assured Guaranty Ltd		1,023,286
	43,700	*	Catalyst Health Solutions, Inc		1,593,739
	111,182	*	Centene Corp		2,353,722
	73,891	*	CNA Surety Corp		1,100,237
	304,381	*	Conseco, Inc		1,521,905
	33,000		Delphi Financial Group, Inc (Class A)		738,210
	51,387	*	Hallmark Financial Services		409,041
	2,798	*	Healthspring, Inc		49,273
	125,825		Horace Mann Educators Corp		1,572,813
	33,400		Maiden Holdings Ltd		244,488
	83,176		Max Re Capital Ltd		1,854,825
	203,975		Meadowbrook Insurance Group, Inc		1,509,415
	103,900	*	Metropolitan Health Networks, Inc		206,761
	150,100	*	MGIC Investment Corp		867,578
	109,293	*	Molina Healthcare, Inc		2,499,530
	46,300		Montpelier Re Holdings Ltd		801,916
	2,300		National Interstate Corp		39,008

52

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES			COMPANY	VALUE
	43,400		Platinum Underwriters Holdings Ltd	$	1,661,786
	50,519	*	PMA Capital Corp (Class A)		318,270
	156,100		PMI Group, Inc		393,372
	620	*	ProAssurance Corp		33,300
	45,000	*	SeaBright Insurance Holdings, Inc		517,050
	7,635		State Auto Financial Corp		141,248
	47,000		Tower Group, Inc		1,100,270
	57,957	*	Triple-S Management Corp (Class B)		1,020,043
	40,100	*	WellCare Health Plans, Inc		1,474,076
			TOTAL INSURANCE CARRIERS		27,641,606
LEATHER AND LEATHER PRODUCTS - 0.49%
	37,602	*	Steven Madden Ltd		1,550,706
	27,201	*	Timberland Co (Class A)		487,714
	52,058		Wolverine World Wide, Inc		1,417,019
			TOTAL LEATHER AND LEATHER PRODUCTS		3,455,439
LEGAL SERVICES - 0.09%
	15,106	*	Pre-Paid Legal Services, Inc		620,554
			TOTAL LEGAL SERVICES		620,554
LOCAL AND INTERURBAN PASSENGER TRANSIT - 0.19%
	25,610	*	Emergency Medical Services Corp (Class A)		1,386,782
			TOTAL LOCAL AND INTERURBAN PASSENGER TRANSIT		1,386,782
METAL MINING - 0.60%
	62,029	*	Coeur d’Alene Mines Corp		1,120,244
	146,600	*	Hecla Mining Co		905,988
	118,000	*	Patriot Coal Corp		1,824,280
	20,167	*	Rosetta Resources, Inc		401,928
			TOTAL METAL MINING		4,252,440
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.21%
	26,606		Blyth, Inc		897,155
	34,927	*	Jakks Pacific, Inc		423,315
	9,500	*	RC2 Corp		140,125
			TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		1,460,595
MISCELLANEOUS RETAIL - 2.13%
	110,897	*	1-800-FLOWERS.COM, Inc (Class A)		293,877
	41,600	*	Allion Healthcare, Inc		272,896
	27,100		Books-A-Million, Inc		182,112
	43,620	*	Cabela’s, Inc		622,021
	48,637		Cash America International, Inc		1,700,350
	8,432	*	CKX, Inc		44,437
	119,453	*	Ezcorp, Inc (Class A)		2,055,786
	100,700	*	HSN, Inc		2,033,133
	80,022	*	Jo-Ann Stores, Inc		2,899,997
	45,270	*	Kirkland’s, Inc		786,340
	31,535	*	PC Connection, Inc		212,861
	59,500	*	Shutterfly, Inc		1,059,695

53

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES			COMPANY	VALUE
	37,862		Systemax, Inc	$	594,812
	90,754		World Fuel Services Corp		2,431,300
			TOTAL MISCELLANEOUS RETAIL		15,189,617
MOTION PICTURES - 0.19%
	3,500	*	Ascent Media Corp (Series A)		89,355
	26,800	*	Carmike Cinemas, Inc		202,608
	53,085		Cinemark Holdings, Inc		762,831
	17,303		National CineMedia, Inc		286,711
			TOTAL MOTION PICTURES		1,341,505
NONDEPOSITORY INSTITUTIONS - 1.38%
	110,000		Advance America Cash Advance Centers, Inc		611,600
	181,688		Apollo Investment Corp		1,731,487
	94,015		Ares Capital Corp		1,170,487
	7,254		BlackRock Kelso Capital Corp		61,804
	188,363	*	Boise, Inc		1,000,208
	9,507	*	Doral Financial Corp		34,510
	15,000		Hercules Technology Growth Capital, Inc		155,850
	25,600		Kohlberg Capital Corp		116,736
	7,291		NGP Capital Resources Co		59,276
	107,415	*	PHH Corp		1,730,456
	87,500	*	World Acceptance Corp		3,135,124
			TOTAL NONDEPOSITORY INSTITUTIONS		9,807,538
OIL AND GAS EXTRACTION - 3.84%
	24,207	*	Approach Resources, Inc		186,878
	25,200	*	Arena Resources, Inc		1,086,624
	23,000		Atlas America, Inc		693,910
	73,574	*	Basic Energy Services, Inc		654,809
	44,000		Berry Petroleum Co (Class A)		1,282,600
	39,503	*	Bill Barrett Corp		1,228,938
	221,365	*	Cal Dive International, Inc		1,673,519
	21,438	*	Clayton Williams Energy, Inc		751,188
	55,864	*	Cobalt International Energy, Inc		773,158
	170,806	*	Complete Production Services, Inc		2,220,478
	32,118	*	Contango Oil & Gas Co		1,509,867
	37,371	*	Dawson Geophysical Co		863,644
	290,902	*	Endeavour International Corp		314,174
	18,000	*	Georesources, Inc		245,880
	4,500	*	Gulfport Energy Corp		51,525
	178,800	*	Hercules Offshore, Inc		854,664
	86,913	*	Key Energy Services, Inc		763,965
	207,317	*	McMoRan Exploration Co		1,662,682
	13,900		Panhandle Oil and Gas, Inc (Class A)		360,010
	13,017		Penn Virginia Corp		277,132
	34,900	*	Petroleum Development Corp		635,529
	159,323	*	Pioneer Drilling Co		1,258,652
	82,803	*	Stone Energy Corp		1,494,594
	42,200	*	TGC Industries, Inc		165,002
	23,676	*	Union Drilling, Inc		147,975
	250,839		Vaalco Energy, Inc		1,141,317

54

TIAA-CREF FUNDS - Small-Cap Equity Fund
SHARES			COMPANY	VALUE
	133,548	*	Venoco, Inc	$	1,741,466
	196,144	*	Willbros Group, Inc		3,308,950
			TOTAL OIL AND GAS EXTRACTION		27,349,130
PAPER AND ALLIED PRODUCTS - 1.27%
	108,419	*	Buckeye Technologies, Inc		1,058,169
	50,400	*	Domtar Corporation		2,792,665
	151,234		Glatfelter		1,837,493
	35,300	*	Kapstone Paper and Packaging Corp		347,705
	11,200		Neenah Paper, Inc		156,240
	51,123		Rock-Tenn Co (Class A)		2,577,110
	24,600		Wausau Paper Corp		285,360
			TOTAL PAPER AND ALLIED PRODUCTS		9,054,742
PERSONAL SERVICES - 0.31%
	86,078	*	Sally Beauty Holdings, Inc		658,497
	25,500	*	Steiner Leisure Ltd		1,013,880
	10,494		Unifirst Corp		504,866
			TOTAL PERSONAL SERVICES		2,177,243
PETROLEUM AND COAL PRODUCTS - 0.17%
	79,443	*	CVR Energy, Inc		544,979
	114,769	*	Gran Tierra Energy, Inc		657,626
			TOTAL PETROLEUM AND COAL PRODUCTS		1,202,605
PRIMARY METAL INDUSTRIES - 1.11%
	113,659		Belden CDT, Inc		2,491,405
	74,980		Encore Wire Corp		1,579,829
	5,037	*	Horsehead Holding Corp		64,222
	97,504		Mueller Industries, Inc		2,421,999
	32,064		Tredegar Corp		507,252
	66,000		Worthington Industries, Inc		862,620
			TOTAL PRIMARY METAL INDUSTRIES		7,927,327
PRINTING AND PUBLISHING - 0.81%
	31,700		American Greetings Corp (Class A)		690,743
	135,106	*	EW Scripps Co (Class A)		940,338
	119,533		Journal Communications, Inc (Class A)		464,983
	55,292		Scholastic Corp		1,649,360
	65,925		Standard Register Co		336,218
	90,200	*	Valassis Communications, Inc		1,647,052
			TOTAL PRINTING AND PUBLISHING		5,728,694
REAL ESTATE - 0.17%
	58,205		DuPont Fabros Technology, Inc		1,047,108
	6,000		Government Properties Income Trust		137,880
	1		Stewart Enterprises, Inc (Class A)		5
			TOTAL REAL ESTATE		1,184,993
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 1.26%
	83,036		A. Schulman, Inc		1,675,666

55

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	160,700		Cooper Tire & Rubber Co	$	3,222,035
	45,776		Spartech Corp		469,662
	77,900		Tupperware Corp		3,627,803
			TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		8,995,166
SECURITY AND COMMODITY BROKERS - 1.75%
	218,400	*	Broadpoint Securities Group, Inc		974,064
	33,300		Calamos Asset Management, Inc (Class A)		383,949
	35,164		Duff & Phelps Corp		642,095
	2,474,647	*	E*Trade Financial Corp		4,330,632
	12,900		Evercore Partners, Inc (Class A)		392,160
	4,576		Fifth Street Finance Corp		49,146
	19,700		GAMCO Investors, Inc (Class A)		951,313
	180,387	*	Knight Capital Group, Inc (Class A)		2,777,960
	9,000		Oppenheimer Holdings, Inc		298,980
	11,650	*	Stifel Financial Corp		690,146
	80,513		SWS Group, Inc		974,207
			TOTAL SECURITY AND COMMODITY BROKERS		12,464,652
SOCIAL SERVICES - 0.00%**
	2,613	*	Res-Care, Inc		29,266
			TOTAL SOCIAL SERVICES		29,266
SPECIAL TRADE CONTRACTORS - 1.34%
	81,235	*	AsiaInfo Holdings, Inc		2,475,230
	162,022		Comfort Systems USA, Inc		1,999,351
	95,341	*	Dycom Industries, Inc		765,588
	158,770	*	EMCOR Group, Inc		4,270,914
			TOTAL SPECIAL TRADE CONTRACTORS		9,511,083
STONE, CLAY, AND GLASS PRODUCTS - 0.36%
	73,000		Apogee Enterprises, Inc		1,022,000
	22,300		CARBO Ceramics, Inc		1,520,191
			TOTAL STONE, CLAY, AND GLASS PRODUCTS		2,542,191
TEXTILE MILL PRODUCTS - 0.16%
	54,100		Oxford Industries, Inc		1,118,788
			TOTAL TEXTILE MILL PRODUCTS		1,118,788
TOBACCO PRODUCTS - 0.05%
	7,764		Universal Corp		354,116
			TOTAL TOBACCO PRODUCTS		354,116
TRANSPORTATION BY AIR - 1.77%
	117,200	*	Air Transport Services Group, Inc		309,408
	139,600	*	Airtran Holdings, Inc		728,712
	50,374	*	Alaska Air Group, Inc		1,740,925
	51,430	*	Allegiant Travel Co		2,425,953
	45,300	*	Atlas Air Worldwide Holdings, Inc		1,687,425
	14,815	*	Bristow Group, Inc		569,637
	269,496	*	Hawaiian Holdings, Inc		1,886,472

56

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	1,020	*	PHI, Inc	$	21,114
	248,900	*	UAL Corp		3,213,299
			TOTAL TRANSPORTATION BY AIR		12,582,945
TRANSPORTATION EQUIPMENT - 3.37%
	78,346		A.O. Smith Corp		3,399,434
	19,900		American Railcar Industries, Inc		219,298
	109,486		ArvinMeritor, Inc		1,224,053
	59,386	*	ATC Technology Corp		1,416,356
	113,192		Brunswick Corp		1,438,670
	30,866	*	Cogo Group, Inc		227,482
	189,028	*	Dana Holding Corp		2,049,064
	32,861		Ducommun, Inc		614,829
	324,252	*	Force Protection, Inc		1,689,353
	27,000		Freightcar America, Inc		535,410
	209,592	*	GenCorp, Inc		1,467,144
	14,300		Group 1 Automotive, Inc		405,405
	48,784		Kaman Corp		1,126,423
	14,200	*	LMI Aerospace, Inc		188,860
	217,536	*	Orbital Sciences Corp		3,319,599
	24,400		Polaris Industries, Inc		1,064,572
	9,714		Spartan Motors, Inc		54,690
	80,110	*	Standard Motor Products, Inc		682,537
	91,900	*	Tenneco, Inc		1,629,387
	25,385		Triumph Group, Inc		1,224,826
			TOTAL TRANSPORTATION EQUIPMENT		23,977,392
TRANSPORTATION SERVICES - 0.29%
	16,749	*	Dynamex, Inc		303,157
	65,377	*	Hub Group, Inc (Class A)		1,754,065
			TOTAL TRANSPORTATION SERVICES		2,057,222
TRUCKING AND WAREHOUSING - 0.54%
	67,000		Heartland Express, Inc		1,023,090
	50,129	*	Marten Transport Ltd		899,816
	27,814	*	Saia, Inc		412,203
	16,900	*	USA Truck, Inc		211,588
	64,300		Werner Enterprises, Inc		1,272,497
			TOTAL TRUCKING AND WAREHOUSING		3,819,194
WATER TRANSPORTATION - 0.05%
	2,359	*	American Commercial Lines, Inc		43,240
	8,632		International Shipholding Corp		268,197
	12,900	*	Ultrapetrol Bahamas Ltd		61,404
			TOTAL WATER TRANSPORTATION		372,841
WHOLESALE TRADE-DURABLE GOODS - 1.51%
	48,000		Agilysys, Inc		436,800
	48,019		Applied Industrial Technologies, Inc		1,059,779
	17,052	*	Beacon Roofing Supply, Inc		272,832
	11,073		Castle (A.M.) & Co		151,589

57

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	72,436	*	Insight Enterprises, Inc	$	827,219
	58,275		Knight Transportation, Inc		1,124,125
	23,926	*	MWI Veterinary Supply, Inc		902,010
	58,236		Owens & Minor, Inc		2,500,071
	154,416	*	PSS World Medical, Inc		3,485,170
			TOTAL WHOLESALE TRADE-DURABLE GOODS		10,759,595
WHOLESALE TRADE-NONDURABLE GOODS - 1.68%
	32,147		Aceto Corp		165,557
	23,036		Andersons, Inc		594,790
	60,300	*	BioScrip, Inc		504,108
	40,920	*	Clearwater Paper Corp		2,249,372
	21,834	*	Core-Mark Holding Co, Inc		719,649
	31,727	*	LSB Industries, Inc		447,351
	19,800		Men’s Wearhouse, Inc		416,988
	73,818		Nu Skin Enterprises, Inc (Class A)		1,983,490
	12,277		Spartan Stores, Inc		175,438
	26,400	*	Tractor Supply Co		1,398,144
	58,212	*	United Stationers, Inc		3,309,352
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		11,964,239
			TOTAL COMMON STOCKS		711,444,127
			(Cost $662,076,069)
			TOTAL INVESTMENTS - 99.99%		711,444,127
			(Cost $662,076,069)
			OTHER ASSETS AND LIABILITIES, NET - 0.01%		71,119
			NET ASSETS - 100.00%	$	711,515,246
			The following abbreviations are used in portfolio descriptions:
		ADR	American Depositary Receipt
		*	Non-income producing
		**	Percentage represents less than 0.01%.

58

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS
LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.30%
AGRICULTURAL SERVICES - 0.04%
	7,559	*	VCA Antech, Inc	$	188,370
			TOTAL AGRICULTURAL SERVICES		188,370
AMUSEMENT AND RECREATION SERVICES - 0.14%
	30,043	*	Electronic Arts, Inc		533,264
	831	*	Warner Music Group Corp		4,703
	4,704	*	WMS Industries, Inc		188,160
			TOTAL AMUSEMENT AND RECREATION SERVICES		726,127
APPAREL AND ACCESSORY STORES - 0.94%
	3,607		Abercrombie & Fitch Co (Class A)		125,704
	5,816	*	Aeropostale, Inc		198,035
	15,309		American Eagle Outfitters, Inc		259,947
	15,106	*	Chico’s FAS, Inc		212,239
	5,340		Foot Locker, Inc		59,488
	38,353		Gap, Inc		803,495
	25,786	*	Kohl’s Corp		1,390,638
	16,670		Limited Brands, Inc		320,731
	15,282		Nordstrom, Inc		574,298
	11,204		Ross Stores, Inc		478,523
	11,655	*	Urban Outfitters, Inc		407,808
			TOTAL APPAREL AND ACCESSORY STORES		4,830,906
APPAREL AND OTHER TEXTILE PRODUCTS - 0.63%
	5,534		Guess ?, Inc		234,088
	8,005	*	Hanesbrands, Inc		193,001
	32,632		Nike, Inc (Class B)		2,155,996
	3,217		Phillips-Van Heusen Corp		130,868
	4,782		Polo Ralph Lauren Corp (Class A)		387,246
	1,858		VF Corp		136,080
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		3,237,279
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.36%
	8,651		Advance Auto Parts		350,192
	574	*	Autonation, Inc		10,992
	2,698	*	Autozone, Inc		426,473
	13,879	*	Carmax, Inc		336,566
	5,896	*	Copart, Inc		215,970
	12,483	*	O’Reilly Automotive, Inc		475,853
	1,269		Penske Auto Group, Inc		19,263
			TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		1,835,309
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.35%
	11,917		Fastenal Co		496,224
	10,422		Home Depot, Inc		301,508
	42,614		Lowe’s Cos, Inc		996,742
			TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		1,794,474

59

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
BUSINESS SERVICES - 14.40%
	3,861		Aaron Rents, Inc	$	107,066
	29,366	*	Activision Blizzard, Inc		326,256
	47,299	*	Adobe Systems, Inc		1,739,657
	4,928	*	Affiliated Computer Services, Inc (Class A)		294,152
	15,608	*	Akamai Technologies, Inc		395,351
	4,781	*	Alliance Data Systems Corp		308,805
	2,376	*	Amdocs Ltd		67,787
	8,013	*	Ansys, Inc		348,245
	14,479	*	Autodesk, Inc		367,911
	45,304		Automatic Data Processing, Inc		1,939,917
	16,521	*	BMC Software, Inc		662,492
	4,554		Brink’s Co		110,844
	4,258	*	Brink’s Home Security Holdings, Inc		138,981
	27,824		CA, Inc		624,927
	21,656	*	Cadence Design Systems, Inc		129,719
	5,939	*	Cerner Corp		489,611
	16,149	*	Citrix Systems, Inc		671,960
	26,382	*	Cognizant Technology Solutions Corp (Class A)		1,195,105
	1,046	*	Convergys Corp		11,245
	3,050	*	DST Systems, Inc		132,828
	23,411	*	eBay, Inc		551,095
	9,378		Equifax, Inc		289,686
	15,089	*	Expedia, Inc		387,938
	7,213	*	F5 Networks, Inc		382,145
	3,930		Factset Research Systems, Inc		258,869
	18,355		Fidelity National Information Services, Inc		430,241
	14,223	*	Fiserv, Inc		689,531
	21,628	*	Google, Inc (Class A)		13,408,928
	4,132	*	IHS, Inc (Class A)		226,475
	3,373		IMS Health, Inc		71,035
	1,374		Interactive Data Corp		34,762
	28,946	*	Intuit, Inc		888,932
	16,137	*	Iron Mountain, Inc		367,278
	47,247	*	Juniper Networks, Inc		1,260,077
	7,688		Mastercard, Inc (Class A)		1,967,974
	14,275	*	McAfee, Inc		579,137
	696,042		Microsoft Corp		21,222,322
	7,337	*	Monster Worldwide, Inc		127,664
	16,923		Moody’s Corp		453,536
	14,974	*	NCR Corp		166,661
	3,545	*	NetFlix, Inc		195,471
	12,861	*	Novell, Inc		53,373
	18,688	*	Nuance Communications, Inc		290,412
	28,056		Omnicom Group, Inc		1,098,392
	345,195		Oracle Corp		8,471,085
	17,306	*	Red Hat, Inc		534,755
	13,884		Robert Half International, Inc		371,119
	9,782	*	Salesforce.com, Inc		721,618
	2,709	*	Sohu.com, Inc		155,172
	7,289	*	Sybase, Inc		316,343

60

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
	74,144	*	Symantec Corp	$	1,326,436
	8,174	*	Synopsys, Inc		182,117
	10,138		Total System Services, Inc		175,083
	17,186	*	VeriSign, Inc		416,589
	40,580		Visa, Inc (Class A)		3,549,127
	4,579	*	VMware, Inc (Class A)		194,058
	4,100	*	WebMD Health Corp (Class A)		157,809
	100,290	*	Yahoo!, Inc		1,682,866
			TOTAL BUSINESS SERVICES		73,718,970
CHEMICALS AND ALLIED PRODUCTS - 15.06%
	139,572		Abbott Laboratories		7,535,492
	662	*	Abraxis Bioscience, Inc		26,844
	6,405		Air Products & Chemicals, Inc		519,189
	531		Albemarle Corp		19,312
	6,034		Alberto-Culver Co		176,736
	8,011	*	Alexion Pharmaceuticals, Inc		391,097
	91,428	*	Amgen, Inc		5,172,082
	1,740		Avery Dennison Corp		63,493
	38,554		Avon Products, Inc		1,214,451
	26,060	*	Biogen Idec, Inc		1,394,210
	9,147	*	BioMarin Pharmaceuticals, Inc		172,055
	85,651		Bristol-Myers Squibb Co		2,162,688
	13,029		Celanese Corp (Series A)		418,231
	41,569	*	Celgene Corp		2,314,562
	6,671	*	Cephalon, Inc		416,337
	3,679		CF Industries Holdings, Inc		333,980
	3,622	*	Charles River Laboratories International, Inc		122,025
	6,399		Church & Dwight Co, Inc		386,820
	11,040		Clorox Co		673,440
	45,116		Colgate-Palmolive Co		3,706,279
	10,297	*	Dendreon Corp		270,605
	27,380		Du Pont (E.I.) de Nemours & Co		921,885
	21,325		Ecolab, Inc		950,669
	47,966		Eli Lilly & Co		1,712,866
	10,334		Estee Lauder Cos (Class A)		499,752
	5,704		FMC Corp		318,055
	24,363	*	Genzyme Corp		1,194,031
	81,858	*	Gilead Sciences, Inc		3,542,814
	14,423	*	Hospira, Inc		735,573
	5,316	*	Idexx Laboratories, Inc		284,087
	6,648		International Flavors & Fragrances, Inc		273,499
	3,447	*	Inverness Medical Innovations, Inc		143,085
	14,225	*	Invitrogen Corp		742,972
	192,617		Johnson & Johnson		12,406,460
	5,532		Lubrizol Corp		403,559
	106,589		Merck & Co, Inc		3,894,762
	49,287		Monsanto Co		4,029,212
	14,288		Mosaic Co		853,422
	19,887	*	Mylan Laboratories, Inc		366,517
	12,807		Nalco Holding Co		326,707
	3,419	*	NBTY, Inc		148,863

61

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
	5,250	*	OSI Pharmaceuticals, Inc	$	162,908
	9,524	*	Pactiv Corp		229,909
	7,487		Perrigo Co		298,282
	27,768		Praxair, Inc		2,230,048
	172,416		Procter & Gamble Co		10,453,582
	5,569		RPM International, Inc		113,218
	4,053		Scotts Miracle-Gro Co (Class A)		159,323
	7,795		Sherwin-Williams Co		480,562
	10,985		Sigma-Aldrich Corp		555,072
	4,152	*	United Therapeutics Corp		218,603
	6,106	*	Valeant Pharmaceuticals International		194,110
	17,511	*	Vertex Pharmaceuticals, Inc		750,346
			TOTAL CHEMICALS AND ALLIED PRODUCTS		77,084,681
COAL MINING - 0.52%
	10,823	*	Alpha Natural Resources, Inc		469,502
	16,516		Consol Energy, Inc		822,497
	5,850		Massey Energy Co		245,759
	24,512		Peabody Energy Corp		1,108,187
			TOTAL COAL MINING		2,645,945
COMMUNICATIONS - 1.10%
	35,916	*	American Tower Corp (Class A)		1,551,930
	19,341		Comcast Corp (Class A)		326,089
	9,660	*	Crown Castle International Corp		377,126
	3,868	*	CTC Media, Inc		57,633
	41,510	*	DIRECTV		1,384,359
	3,525	*	Equinix, Inc		374,179
	13,160		Frontier Communications Corp		102,780
	7,292		Global Payments, Inc		392,747
	3,946	*	IAC/InterActiveCorp		80,814
	3,580	*	Leap Wireless International, Inc		62,829
	21,957	*	MetroPCS Communications, Inc		167,532
	6,792	*	NeuStar, Inc (Class A)		156,488
	742	*	NII Holdings, Inc (Class B)		24,916
	10,806	*	SBA Communications Corp (Class A)		369,133
	18,292		Windstream Corp		201,029
			TOTAL COMMUNICATIONS		5,629,584
DEPOSITORY INSTITUTIONS - 1.21%
	22,001		Bank of New York Mellon Corp		615,368
	558		BOK Financial Corp		26,516
	1,752		Capitol Federal Financial		55,118
	2,239		Commerce Bancshares, Inc		86,694
	23,268		Hudson City Bancorp, Inc		319,470
	21,761		Northern Trust Corp		1,140,276
	24,200		State Street Corp		1,053,668
	881		TFS Financial Corp		10,695
	63,570		Wells Fargo & Co		1,715,755
	63,334		Western Union Co		1,193,846
			TOTAL DEPOSITORY INSTITUTIONS		6,217,406

62

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
EATING AND DRINKING PLACES - 2.01%
	8,922		Brinker International, Inc	$	133,116
	9,646		Burger King Holdings, Inc		181,538
	2,883	*	Chipotle Mexican Grill, Inc (Class A)		254,165
	12,776		Darden Restaurants, Inc		448,054
	99,635		McDonald’s Corp		6,221,210
	66,460	*	Starbucks Corp		1,532,568
	15,851		Wendy’s/Arby’s Group, Inc (Class A)		74,341
	41,686		Yum! Brands, Inc		1,457,759
			TOTAL EATING AND DRINKING PLACES		10,302,751
EDUCATIONAL SERVICES - 0.36%
	12,162	*	Apollo Group, Inc (Class A)		736,775
	6,127	*	Career Education Corp		142,820
	5,739		DeVry, Inc		325,573
	1,266	*	Education Management Corp		27,865
	3,488	*	ITT Educational Services, Inc		334,708
	1,198		Strayer Education, Inc		254,563
			TOTAL EDUCATIONAL SERVICES		1,822,304
ELECTRIC, GAS, AND SANITARY SERVICES - 1.26%
	49,538	*	AES Corp		659,351
	9,123		Allegheny Energy, Inc		214,208
	695		American Water Works Co, Inc		15,575
	15,426	*	Calpine Corp		169,686
	29,572		Centerpoint Energy, Inc		429,090
	14,116		Constellation Energy Group, Inc		496,460
	1,140		DPL, Inc		31,464
	17,627		El Paso Corp		173,273
	5,091		Exelon Corp		248,797
	4,735		FPL Group, Inc		250,103
	1,329		Integrys Energy Group, Inc		55,805
	4,812		ITC Holdings Corp		250,657
	9,405		NV Energy, Inc		116,434
	1,608		Ormat Technologies, Inc		60,847
	33,951		PPL Corp		1,096,956
	9,689		Republic Services, Inc		274,296
	7,609	*	Stericycle, Inc		419,789
	4,841	*	Waste Connections, Inc		161,399
	39,857		Waste Management, Inc		1,347,564
			TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		6,471,754
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 11.77%
	1,731	*	A123 Systems, Inc		38,844
	26,940	*	Advanced Micro Devices, Inc		260,779
	25,924		Altera Corp		586,660
	9,694		Ametek, Inc		370,699
	15,469		Amphenol Corp (Class A)		714,358
	25,986		Analog Devices, Inc		820,638
	80,568	*	Apple Computer, Inc		16,988,569
	4,353	*	Avnet, Inc		131,286
	853		AVX Corp		10,808

63

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
	44,370	*	Broadcom Corp (Class A)	$	1,395,437
	1,037	*	Ciena Corp		11,241
	520,904	*	Cisco Systems, Inc		12,470,443
	9,366	*	Cree, Inc		527,961
	12,657	*	Cypress Semiconductor Corp		133,658
	4,713	*	Dolby Laboratories, Inc (Class A)		224,951
	5,138	*	Energizer Holdings, Inc		314,857
	4,596	*	First Solar, Inc		622,298
	3,223		Harman International Industries, Inc		113,707
	9,362		Harris Corp		445,163
	3,593	*	Integrated Device Technology, Inc		23,247
	311,207		Intel Corp		6,348,623
	2,619	*	International Rectifier Corp		57,932
	5,001		Intersil Corp (Class A)		76,715
	11,689	*	JDS Uniphase Corp		96,434
	20,073		Linear Technology Corp		613,029
	41,857	*	Marvell Technology Group Ltd		868,533
	23,956		Maxim Integrated Products, Inc		486,307
	20,265	*	MEMC Electronic Materials, Inc		276,009
	15,327		Microchip Technology, Inc		445,403
	14,270	*	Micron Technology, Inc		150,691
	1,468		Molex, Inc		31,635
	12,092		Motorola, Inc		93,834
	21,496		National Semiconductor Corp		330,179
	30,014	*	NetApp, Inc		1,032,181
	5,120	*	Novellus Systems, Inc		119,501
	49,328	*	Nvidia Corp		921,447
	38,565	*	ON Semiconductor Corp		339,758
	10,643	*	QLogic Corp		200,833
	149,467		Qualcomm, Inc		6,914,343
	9,857	*	Rambus, Inc		240,511
	4,041	*	Silicon Laboratories, Inc		195,342
	8,400	*	Sunpower Corp (Class A)		198,912
	1,687		Teleflex, Inc		90,912
	115,007		Texas Instruments, Inc		2,997,082
	1,365	*	Thomas & Betts Corp		48,853
	6,393	*	Varian Semiconductor Equipment Associates, Inc		229,381
	3,268	*	Vishay Intertechnology, Inc		27,288
	24,329		Xilinx, Inc		609,685
			TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		60,246,957
ENGINEERING AND MANAGEMENT SERVICES - 0.88%
	8,748	*	Aecom Technology Corp		240,570
	12,736	*	Amylin Pharmaceuticals, Inc		180,724
	16,443		Fluor Corp		740,593
	6,076	*	Genpact Ltd		90,532
	4,266	*	Gen-Probe, Inc		183,011
	7,599	*	Hewitt Associates, Inc (Class A)		321,134
	11,345	*	Jacobs Engineering Group, Inc		426,685
	20,792	*	McDermott International, Inc		499,216
	8,415	*	Myriad Genetics, Inc		219,632
	28,985		Paychex, Inc		888,101

64

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY		VALUE
	26,459	*	SAIC, Inc	$	501,133
	6,045	*	Shaw Group, Inc		173,794
	881	*	URS Corp		39,222
			TOTAL ENGINEERING AND MANAGEMENT SERVICES		4,504,347
FABRICATED METAL PRODUCTS - 0.24%
	2,881	*	Alliant Techsystems, Inc		254,306
	5,283		Ball Corp		273,131
	2,087		Crane Co		63,904
	13,917	*	Crown Holdings, Inc		355,996
	2,245		Pentair, Inc		72,514
	1,300		Snap-On, Inc		54,938
	1,959		Valmont Industries, Inc		153,684
			TOTAL FABRICATED METAL PRODUCTS		1,228,473
FOOD AND KINDRED PRODUCTS - 4.89%
	32,314		Archer Daniels Midland Co		1,011,751
	11,641		Campbell Soup Co		393,466
	164,329		Coca-Cola Co		9,366,753
	24,450		Coca-Cola Enterprises, Inc		518,340
	5,870		Flowers Foods, Inc		139,471
	12,195		General Mills, Inc		863,528
	22,903		H.J. Heinz Co		979,332
	6,228	*	Hansen Natural Corp		239,155
	7,749		Hershey Co		277,337
	570		Hormel Foods Corp		21,917
	22,974		Kellogg Co		1,222,217
	11,673		McCormick & Co, Inc		421,745
	9,794		Mead Johnson Nutrition Co		427,998
	895		Molson Coors Brewing Co (Class B)		40,418
	10,126		Pepsi Bottling Group, Inc		379,725
	140,596		PepsiCo, Inc		8,548,237
	15,773		Sara Lee Corp		192,115
	740	*	Smithfield Foods, Inc		11,241
			TOTAL FOOD AND KINDRED PRODUCTS		25,054,746
FOOD STORES - 0.27%
	49,581		Kroger Co		1,017,897
	2,249	*	Panera Bread Co (Class A)		150,616
	7,982	*	Whole Foods Market, Inc		219,106
			TOTAL FOOD STORES		1,387,619
FORESTRY - 0.03%
	3,333		Rayonier, Inc		140,519
			TOTAL FORESTRY		140,519
FURNITURE AND FIXTURES - 0.10%
	2,063		Hill-Rom Holdings, Inc		49,491
	2,220	*	Kinetic Concepts, Inc		83,583
	9,096		Leggett & Platt, Inc		185,558

65

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	15,072		Masco Corp	$	208,145
			TOTAL FURNITURE AND FIXTURES		526,777
FURNITURE AND HOME FURNISHINGS STORES - 0.48%
	23,378	*	Bed Bath & Beyond, Inc		903,092
	30,414		Best Buy Co, Inc		1,200,137
	13,193	*	GameStop Corp (Class A)		289,454
	1,305		RadioShack Corp		25,448
	3,139		Williams-Sonoma, Inc		65,228
			TOTAL FURNITURE AND HOME FURNISHINGS STORES		2,483,359
GENERAL BUILDING CONTRACTORS - 0.02%
	161		KB Home		2,202
	1,178		MDC Holdings, Inc		36,565
	83	*	NVR, Inc		58,990
	2,779	*	Pulte Homes, Inc		27,790
			TOTAL GENERAL BUILDING CONTRACTORS		125,547
GENERAL MERCHANDISE STORES - 3.53%
	774	*	Big Lots, Inc		22,431
	792	*	BJ’s Wholesale Club, Inc		25,906
	39,197		Costco Wholesale Corp		2,319,286
	2,025	*	Dollar General Corp		45,421
	12,608		Family Dollar Stores, Inc		350,881
	67,914		Target Corp		3,285,000
	37,324		TJX Companies, Inc		1,364,192
	199,658		Wal-Mart Stores, Inc		10,671,720
			TOTAL GENERAL MERCHANDISE STORES		18,084,837
HEALTH SERVICES - 2.02%
	24,124		AmerisourceBergen Corp		628,913
	4,276	*	Community Health Systems, Inc		152,226
	5,868	*	Covance, Inc		320,217
	3,491	*	Coventry Health Care, Inc		84,796
	9,466	*	DaVita, Inc		556,033
	4,930	*	Edwards Lifesciences Corp		428,171
	24,783	*	Express Scripts, Inc		2,142,490
	21,200	*	Health Management Associates, Inc (Class A)		154,124
	9,923	*	Laboratory Corp of America Holdings		742,637
	4,910	*	Lincare Holdings, Inc		182,259
	11,838		McKesson Corp		739,875
	43,564	*	Medco Health Solutions, Inc		2,784,174
	4,245		Omnicare, Inc		102,644
	1,323	*	Pediatrix Medical Group, Inc		79,526
	9,256		Pharmaceutical Product Development, Inc		216,961
	13,959		Quest Diagnostics, Inc		842,844
	28,156	*	Tenet Healthcare Corp		151,761
	550		Universal Health Services, Inc (Class B)		16,775
			TOTAL HEALTH SERVICES		10,326,426

66

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
HOLDING AND OTHER INVESTMENT OFFICES - 1.35%
	3,682	*	Affiliated Managers Group, Inc	$	247,983
	772		Alexandria Real Estate Equities, Inc		49,632
	7,001		Digital Realty Trust, Inc		352,010
	790		Federal Realty Investment Trust		53,499
	10,188		HCP, Inc		311,142
	5,645		Health Care REIT, Inc		250,186
	66,503		iShares Russell 1000 Growth Index Fund		3,315,174
	7,388		Nationwide Health Properties, Inc		259,910
	5,314		Plum Creek Timber Co, Inc		200,657
	12,138		Public Storage, Inc		988,640
	9,419		Simon Property Group, Inc		751,636
	4,957		WABCO Holdings, Inc		127,841
			TOTAL HOLDING AND OTHER INVESTMENT OFFICES		6,908,310
HOTELS AND OTHER LODGING PLACES - 0.21%
	759		Choice Hotels International, Inc		24,030
	2,459	*	Hyatt Hotels Corp		73,303
	20,329	*	Las Vegas Sands Corp		303,715
	13,168		Marriott International, Inc (Class A)		358,827
	7,375	*	MGM Mirage		67,260
	2,659		Starwood Hotels & Resorts Worldwide, Inc		97,240
	6,710		Wyndham Worldwide Corp		135,341
			TOTAL HOTELS AND OTHER LODGING PLACES		1,059,716
INDUSTRIAL MACHINERY AND EQUIPMENT - 9.35%
	62,711		3M Co		5,184,318
	13,271	*	Brocade Communications Systems, Inc		101,258
	1,456		Bucyrus International, Inc (Class A)		82,075
	1,282		Carlisle Cos, Inc		43,921
	27,172		Caterpillar, Inc		1,548,533
	6,148		Cummins, Inc		281,947
	9,768		Deere & Co		528,351
	154,705	*	Dell, Inc		2,221,565
	5,271		Diebold, Inc		149,960
	7,112		Donaldson Co, Inc		302,544
	12,269		Dover Corp		510,513
	7,302	*	Dresser-Rand Group, Inc		230,816
	19,211	*	EMC Corp		335,616
	67,864		Emerson Electric Co		2,891,007
	5,097		Flowserve Corp		481,819
	11,221	*	FMC Technologies, Inc		649,023
	2,357		Graco, Inc		67,339
	167,163		Hewlett-Packard Co		8,610,567
	4,533		IDEX Corp		141,203
	119,337		International Business Machines Corp		15,621,214
	22,764		International Game Technology		427,280
	1,481		ITT Industries, Inc		73,665
	8,285		Jabil Circuit, Inc		143,910
	33,331		Johnson Controls, Inc		907,936
	8,132		Joy Global, Inc		419,530
	11,516	*	Lam Research Corp		451,542
	4,271		Lennox International, Inc		166,740
	7,695	*	Micros Systems, Inc		238,776

67

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

SHARES			COMPANY	VALUE
	3,687		Northrop Grumman Corp	$	205,919
	10,752		Pall Corp		389,222
	27,404		Raytheon Co		1,411,854
	9,708	*	SanDisk Corp		281,435
	5,080	*	Scientific Games Corp (Class A)		73,914
	39,892		Seagate Technology, Inc		725,635
	12,686	*	Teradata Corp		398,721
	3,378		Toro Co		141,234
	11,464	*	Varian Medical Systems, Inc		537,088
	18,137	*	Western Digital Corp		800,749
	4,884	*	Zebra Technologies Corp (Class A)		138,510
			TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		47,917,249
INSTRUMENTS AND RELATED PRODUCTS - 4.73%
	30,977	*	Agilent Technologies, Inc		962,455
	27,499		Allergan, Inc		1,732,712
	8,866		Bard (C.R.), Inc		690,661
	54,640		Baxter International, Inc		3,206,276
	6,263		Beckman Coulter, Inc		409,851
	21,633		Becton Dickinson & Co		1,705,978
	1,756	*	Bio-Rad Laboratories, Inc (Class A)		169,384
	49,032	*	Boston Scientific Corp		441,288
	14,507		Danaher Corp		1,090,926
	13,606		Dentsply International, Inc		478,523
	13,550	*	Flir Systems, Inc		443,356
	8,768		Garmin Ltd		269,178
	1,910		Hillenbrand, Inc		35,984
	2,118	*	Hologic, Inc		30,711
	10,908	*	Illumina, Inc		334,330
	3,403	*	Intuitive Surgical, Inc		1,032,198
	3,257	*	Itron, Inc		220,075
	101,084		Medtronic, Inc		4,445,675
	3,000	*	Mettler-Toledo International, Inc		314,970
	5,074	*	Millipore Corp		367,104
	5,233		National Instruments Corp		154,112
	2,166		PerkinElmer, Inc		44,598
	6,904	*	Resmed, Inc		360,872
	1,262		Rockwell Automation, Inc		59,289
	14,304		Rockwell Collins, Inc		791,869
	7,016		Roper Industries, Inc		367,428
	31,280	*	St. Jude Medical, Inc		1,150,478
	30,559		Stryker Corp		1,539,257
	3,162		Techne Corp		216,787
	15,894	*	Teradyne, Inc		170,543
	3,126	*	Thermo Electron Corp		149,079
	10,972	*	Trimble Navigation Ltd		276,494
	8,728	*	Waters Corp		540,787
			TOTAL INSTRUMENTS AND RELATED PRODUCTS		24,203,228
INSURANCE AGENTS, BROKERS AND SERVICE - 0.12%
	8,310		Arthur J. Gallagher & Co		187,058
	7,887		Brown & Brown, Inc		141,729

68

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

SHARES			COMPANY	VALUE
	3,227		Marsh & McLennan Cos, Inc	$	71,252
	6,621	*	Verisk Analytics, Inc		200,485
			TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		600,524
INSURANCE CARRIERS - 1.11%
	8,523		Aetna, Inc		270,179
	42,222		Aflac, Inc		1,952,767
	3,875	*	American International Group, Inc		116,173
	3,323		Axis Capital Holdings Ltd		94,406
	1,554		Cigna Corp		54,810
	1,028	*	CNA Financial Corp		24,672
	1,379		Endurance Specialty Holdings Ltd		51,340
	2,128		Erie Indemnity Co (Class A)		83,035
	2,847		Fidelity National Title Group, Inc (Class A)		38,321
	18,429	*	Genworth Financial, Inc (Class A)		209,169
	322		Hanover Insurance Group, Inc		14,306
	5,554	*	Humana, Inc		243,765
	5,599	*	Leucadia National Corp		133,200
	8,362		Lincoln National Corp		208,047
	28,057		Principal Financial Group		674,490
	6,684	*	Progressive Corp		120,245
	21,593		Prudential Financial, Inc		1,074,468
	468		Reinsurance Group of America, Inc (Class A)		22,300
	1,065		Validus Holdings Ltd		28,691
	4,278		W.R. Berkley Corp		105,410
	3,210	*	WellPoint, Inc		187,111
			TOTAL INSURANCE CARRIERS		5,706,905
JUSTICE, PUBLIC ORDER AND SAFETY - 0.01%
	1,094	*	Corrections Corp of America		26,858
			TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		26,858
LEATHER AND LEATHER PRODUCTS - 0.20%
	28,681		Coach, Inc		1,047,717
			TOTAL LEATHER AND LEATHER PRODUCTS		1,047,717
LEGAL SERVICES - 0.04%
	4,835	*	FTI Consulting, Inc		228,019
			TOTAL LEGAL SERVICES		228,019
METAL MINING - 0.84%
	1,158		Cleveland-Cliffs, Inc		53,372
	22,572	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		1,812,306
	43,228		Newmont Mining Corp		2,045,117
	574		Royal Gold, Inc		27,035
	11,715		Southern Copper Corp		385,541
			TOTAL METAL MINING		4,323,371
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.17%
	781		Armstrong World Industries, Inc		30,404
	6,711		Hasbro, Inc		215,155

69

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	3,719	*	Intrepid Potash, Inc	$	108,483
	25,792		Mattel, Inc		515,324
			TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		869,366
MISCELLANEOUS RETAIL - 2.50%
	29,683	*	Amazon.com, Inc		3,992,957
	644		Barnes & Noble, Inc		12,281
	40,102		CVS Corp		1,291,685
	7,592	*	Dick’s Sporting Goods, Inc		188,813
	8,173	*	Dollar Tree, Inc		394,756
	4,340	*	Marvel Entertainment, Inc		234,707
	3,882		MSC Industrial Direct Co (Class A)		182,454
	4,502	*	Office Depot, Inc		29,038
	11,552		Petsmart, Inc		308,323
	3,886	*	Priceline.com, Inc		849,091
	64,603		Staples, Inc		1,588,588
	10,248		Tiffany & Co		440,664
	89,562		Walgreen Co		3,288,717
			TOTAL MISCELLANEOUS RETAIL		12,802,074
MOTION PICTURES - 0.26%
	24,170	*	Discovery Communications, Inc (Class C)		640,988
	6,240	*	Macrovision Solutions Corp		198,869
	3,397		Regal Entertainment Group (Class A)		49,053
	4,732		Scripps Networks Interactive (Class A)		196,378
	13,360	*	tw telecom inc (Class A)		228,990
			TOTAL MOTION PICTURES		1,314,278
NONDEPOSITORY INSTITUTIONS - 0.33%
	16,969		American Express Co		687,584
	2,241	*	AmeriCredit Corp		42,669
	11,409		Capital One Financial Corp		437,421
	2,534		CapitalSource, Inc		10,060
	14,715		GLG Partners, Inc		47,382
	8,668		Lender Processing Services, Inc		352,441
	8,672	*	SLM Corp		97,733
	363		Student Loan Corp		16,905
			TOTAL NONDEPOSITORY INSTITUTIONS		1,692,195
NONMETALLIC MINERALS, EXCEPT FUELS - 0.02%
	1,523		Compass Minerals International, Inc		102,330
			TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		102,330
OIL AND GAS EXTRACTION - 1.88%
	4,125	*	Atwood Oceanics, Inc		147,881
	19,989	*	Cameron International Corp		835,540
	2,188	*	CNX Gas Corp		64,590
	309	*	Comstock Resources, Inc		12,536
	1,197	*	Continental Resources, Inc		51,339
	6,159		Diamond Offshore Drilling, Inc		606,169
	12,072		Equitable Resources, Inc		530,202

70

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	10,881		EXCO Resources, Inc	$	231,004
	2,311	*	Exterran Holdings, Inc		49,571
	3,323	*	Forest Oil Corp		73,937
	3,168		Helmerich & Payne, Inc		126,340
	7,738	*	Mariner Energy, Inc		89,838
	5,157	*	Oceaneering International, Inc		301,788
	1,890		Patterson-UTI Energy, Inc		29,012
	27,168	*	PetroHawk Energy Corp		651,760
	6,933	*	Plains Exploration & Production Co		191,767
	7,236	*	Pride International, Inc		230,901
	10,048	*	Quicksilver Resources, Inc		150,820
	2,246		Range Resources Corp		111,963
	1,599		Rowan Cos, Inc		36,201
	49,055		Schlumberger Ltd		3,192,991
	260	*	Seahawk Drilling, Inc		5,860
	13,278		Smith International, Inc		360,763
	31,034	*	Southwestern Energy Co		1,495,839
	1,752		St. Mary Land & Exploration Co		59,988
			TOTAL OIL AND GAS EXTRACTION		9,638,600
PAPER AND ALLIED PRODUCTS - 0.41%
	32,545		Kimberly-Clark Corp		2,073,442
	1,068		Packaging Corp of America		24,575
			TOTAL PAPER AND ALLIED PRODUCTS		2,098,017
PERSONAL SERVICES - 0.15%
	1,957		Cintas Corp		50,980
	30,676		H&R Block, Inc		693,891
	263		Weight Watchers International, Inc		7,669
			TOTAL PERSONAL SERVICES		752,540
PETROLEUM AND COAL PRODUCTS - 1.64%
	480		Ashland, Inc		19,018
	113,717	d	Exxon Mobil Corp		7,754,363
	8,186		Frontier Oil Corp		98,559
	4,178		Holly Corp		107,082
	4,299		Tesoro Corp		58,251
	4,890		Walter Industries, Inc		368,266
			TOTAL PETROLEUM AND COAL PRODUCTS		8,405,539
PRIMARY METAL INDUSTRIES - 0.42%
	41,167		Alcoa, Inc		663,612
	831		Hubbell, Inc (Class B)		39,306
	12,649		Precision Castparts Corp		1,395,817
	1,290		Schnitzer Steel Industries, Inc (Class A)		61,533
			TOTAL PRIMARY METAL INDUSTRIES		2,160,268
PRINTING AND PUBLISHING - 0.37%
	4,632		Dun & Bradstreet Corp		390,802
	3,854		John Wiley & Sons, Inc (Class A)		161,406
	28,403		McGraw-Hill Cos, Inc		951,784

71

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	8,873	*	MSCI, Inc (Class A)	$	282,161
	669		New York Times Co (Class A)		8,269
	4,345		R.R. Donnelley & Sons Co		96,763
			TOTAL PRINTING AND PUBLISHING		1,891,185
RAILROAD TRANSPORTATION - 0.37%
	3,534	*	Kansas City Southern Industries, Inc		117,647
	4,270		Norfolk Southern Corp		223,833
	24,174		Union Pacific Corp		1,544,719
			TOTAL RAILROAD TRANSPORTATION		1,886,199
REAL ESTATE - 0.10%
	21,010	*	CB Richard Ellis Group, Inc (Class A)		285,105
	8,739	*	St. Joe Co		252,470
			TOTAL REAL ESTATE		537,575
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.07%
	20,636	*	Goodyear Tire & Rubber Co		290,968
	3,713		Newell Rubbermaid, Inc		55,732
			TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		346,700
SECURITY AND COMMODITY BROKERS - 1.71%
	1,875		Ameriprise Financial, Inc		72,788
	969		BlackRock, Inc		225,002
	8,028		Broadridge Financial Solutions, Inc		181,112
	85,750		Charles Schwab Corp		1,613,814
	366		CME Group, Inc		122,958
	10,345		Eaton Vance Corp		314,591
	7,548		Federated Investors, Inc (Class B)		207,570
	5,994		Franklin Resources, Inc		631,468
	2,819		Goldman Sachs Group, Inc		475,960
	1,889		Greenhill & Co, Inc		151,573
	6,659	*	IntercontinentalExchange, Inc		747,806
	2,736		Invesco Ltd		64,269
	340	*	Investment Technology Group, Inc		6,698
	13,175		Janus Capital Group, Inc		177,204
	8,464	*	Jefferies Group, Inc		200,851
	6,612		Lazard Ltd (Class A)		251,058
	28,831		Morgan Stanley		853,397
	1,611	*	Morningstar, Inc		77,876
	5,756	*	Nasdaq Stock Market, Inc		114,084
	6,027		NYSE Euronext		152,483
	10,785		SEI Investments Co		188,953
	23,012		T Rowe Price Group, Inc		1,225,388
	24,372	*	TD Ameritrade Holding Corp		472,329
	8,038		Waddell & Reed Financial, Inc (Class A)		245,481
			TOTAL SECURITY AND COMMODITY BROKERS		8,774,713
STONE, CLAY, AND GLASS PRODUCTS - 0.64%
	119,844		Corning, Inc		2,314,188

72

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	4,324		Eagle Materials, Inc	$	112,640
	12,233		Gentex Corp		218,359
	1,511		Martin Marietta Materials, Inc		135,099
	3,175	*	Owens Corning, Inc		81,407
	12,753	*	Owens-Illinois, Inc		419,191
			TOTAL STONE, CLAY, AND GLASS PRODUCTS		3,280,884
TOBACCO PRODUCTS - 2.59%
	186,731		Altria Group, Inc		3,665,530
	13,411		Lorillard, Inc		1,075,965
	177,152		Philip Morris International, Inc		8,536,954
			TOTAL TOBACCO PRODUCTS		13,278,449
TRANSPORTATION BY AIR - 0.32%
	30,613	*	AMR Corp		236,638
	11,707	*	Continental Airlines, Inc (Class B)		209,789
	2,536		Copa Holdings S.A. (Class A)		138,136
	69,687	*	Delta Air Lines, Inc		793,039
	20,876		Southwest Airlines Co		238,613
			TOTAL TRANSPORTATION BY AIR		1,616,215
TRANSPORTATION EQUIPMENT - 2.53%
	4,908	*	BE Aerospace, Inc		115,338
	5,329		Boeing Co		288,459
	596	*	Federal Mogul Corp (Class A)		10,311
	3,103		General Dynamics Corp		211,532
	11,156		Goodrich Corp		716,773
	5,359		Harsco Corp		172,721
	67,178		Honeywell International, Inc		2,633,377
	28,728		Lockheed Martin Corp		2,164,654
	5,826	*	Navistar International Corp		225,175
	30,339		Paccar, Inc		1,100,396
	2,884	*	Spirit Aerosystems Holdings, Inc (Class A)		57,276
	1,524		Thor Industries, Inc		47,854
	3,603		TransDigm Group, Inc		171,106
	1,009	*	TRW Automotive Holdings Corp		24,095
	69,353		United Technologies Corp		4,813,791
	4,396		Westinghouse Air Brake Technologies Corp		179,533
			TOTAL TRANSPORTATION EQUIPMENT		12,932,391
TRANSPORTATION SERVICES - 0.34%
	15,303		CH Robinson Worldwide, Inc		898,745
	19,584		Expeditors International Washington, Inc		680,152
	2,194		GATX Corp		63,078
	8,700		UTI Worldwide, Inc		124,584
			TOTAL TRANSPORTATION SERVICES		1,766,559
TRUCKING AND WAREHOUSING - 0.79%
	1,207		Con-way, Inc		42,136
	7,697		J.B. Hunt Transport Services, Inc		248,382
	4,586		Landstar System, Inc		177,799

73

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	62,455		United Parcel Service, Inc (Class B)	$	3,583,044
			TOTAL TRUCKING AND WAREHOUSING		4,051,361
WATER TRANSPORTATION - 0.15%
	18,424	*	Carnival Corp		583,856
	1,037	*	Kirby Corp		36,119
	3,449	*	Royal Caribbean Cruises Ltd		87,191
	1,699		Teekay Corp		39,434
			TOTAL WATER TRANSPORTATION		746,600
WHOLESALE TRADE-DURABLE GOODS - 0.32%
	4,077	*	Arrow Electronics, Inc		120,720
	10,063		BorgWarner, Inc		334,293
	1,500	*	Emdeon, Inc		22,875
	12,398	*	LKQ Corp		242,877
	8,903	*	Patterson Cos, Inc		249,106
	4,483	*	Talecris Biotherapeutics Holdings Corp		99,836
	5,472		W.W. Grainger, Inc		529,854
	1,796	*	WESCO International, Inc		48,510
			TOTAL WHOLESALE TRADE-DURABLE GOODS		1,648,071
WHOLESALE TRADE-NONDURABLE GOODS - 0.65%
	5,297		Allscripts Healthcare Solutions, Inc		107,158
	6,496		Brown-Forman Corp (Class B)		347,991
	16,717	*	Dean Foods Co		301,575
	3,130	*	Green Mountain Coffee Roasters, Inc		255,001
	7,943	*	Henry Schein, Inc		417,802
	5,489		Herbalife Ltd		222,689
	53,274		Sysco Corp		1,488,475
	6,050		Terra Industries, Inc		194,750
	130		Valhi, Inc		1,816
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		3,337,257
			TOTAL COMMON STOCKS		508,566,730
			(Cost $473,769,689)
RIGHTS / WARRANTS - 0.00%**
EATING AND DRINKING PLACES - 0.00%**
	20		Krispy Kreme Doughnuts, Inc		1
			TOTAL EATING AND DRINKING PLACES		1
			TOTAL RIGHTS / WARRANTS		1
			(Cost $0)
			TOTAL INVESTMENTS - 99.30%		508,566,731
			(Cost $473,769,689)
			OTHER ASSETS AND LIABILITIES, NET - 0.70%		3,565,586
			NET ASSETS - 100.00%	$	512,132,317

74

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

*	Non-income producing
**	Percentage represents less than 0.01%
d	All or a portion of these securities has been segregated by the custodian to cover margin or other requirements on futures contracts in the amount of $157,723.

75

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.20%
AMUSEMENT AND RECREATION SERVICES - 1.16%
2,953		International Speedway Corp (Class A)	$	84,013
6,530	*	Penn National Gaming, Inc		177,485
185,251		Walt Disney Co		5,974,345
5,170	*	Warner Music Group Corp		29,262
		TOTAL AMUSEMENT AND RECREATION SERVICES		6,265,105
APPAREL AND ACCESSORY STORES - 0.12%
4,329		Abercrombie & Fitch Co (Class A)		150,866
1,500	*	Chico’s FAS, Inc		21,075
7,713		Foot Locker, Inc		85,923
5,286		Gap, Inc		110,742
1,732	*	Kohl’s Corp		93,407
9,015		Limited Brands, Inc		173,448
		TOTAL APPAREL AND ACCESSORY STORES		635,461
APPAREL AND OTHER TEXTILE PRODUCTS - 0.11%
1,624		Phillips-Van Heusen Corp		66,064
227		Polo Ralph Lauren Corp (Class A)		18,382
6,705		VF Corp		491,075
		TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		575,521
AUTO REPAIR, SERVICES AND PARKING - 0.08%
18,638	*	Hertz Global Holdings, Inc		222,165
5,474		Ryder System, Inc		225,365
		TOTAL AUTO REPAIR, SERVICES AND PARKING		447,530
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.06%
5,923	*	Autonation, Inc		113,425
6,260	*	Carmax, Inc		151,805
2,177		Penske Auto Group, Inc		33,047
		TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		298,277
BUILDING MATERIALS AND GARDEN SUPPLIES - 1.25%
154,740		Home Depot, Inc		4,476,628
98,728		Lowe’s Cos, Inc		2,309,248
		TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		6,785,876
BUSINESS SERVICES - 1.36%
22,628	*	Activision Blizzard, Inc		251,397
3,644	*	Affiliated Computer Services, Inc (Class A)		217,510
15,970	*	Amdocs Ltd		455,624
7,537	*	Autodesk, Inc		191,515
9,082		CA, Inc		203,982

76

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
4,400	*	Clear Channel Outdoor Holdings, Inc (Class A)	$	45,716
14,815	*	Computer Sciences Corp		852,307
24,611	*	Compuware Corp		177,938
7,741	*	Convergys Corp		83,216
525	*	DST Systems, Inc		22,864
83,849	*	eBay, Inc		1,973,804
2,550		Equifax, Inc		78,770
1,652	*	Expedia, Inc		42,473
12,564		Fidelity National Information Services, Inc		294,500
13,580		IMS Health, Inc		285,995
1,622		Interactive Data Corp		41,037
46,777	*	Interpublic Group of Cos, Inc		345,214
5,849	*	Lamar Advertising Co (Class A)		181,845
7,714		Manpower, Inc		421,030
4,701	*	Monster Worldwide, Inc		81,797
20,651	*	Novell, Inc		85,702
1,777	*	Nuance Communications, Inc		27,615
74,123	*	Sun Microsystems, Inc		694,533
4,959	*	Synopsys, Inc		110,487
3,963		Total System Services, Inc		68,441
6,871	*	Yahoo!, Inc		115,295
		TOTAL BUSINESS SERVICES		7,350,607
CHEMICALS AND ALLIED PRODUCTS - 8.52%
13,444		Air Products & Chemicals, Inc		1,089,771
8,628		Albemarle Corp		313,800
1,151		Alberto-Culver Co		33,713
9,238		Avery Dennison Corp		337,095
74,784		Bristol-Myers Squibb Co		1,888,296
6,239		Cabot Corp		163,649
698		CF Industries Holdings, Inc		63,364
2,002	*	Charles River Laboratories International, Inc		67,447
1,416		Clorox Co		86,376
4,765		Cytec Industries, Inc		173,541
108,795		Dow Chemical Co		3,006,006
59,110		Du Pont (E.I.) de Nemours & Co		1,990,234
7,106		Eastman Chemical Co		428,065
47,169		Eli Lilly & Co		1,684,405
1,199		FMC Corp		66,856
29,497	*	Forest Laboratories, Inc		947,149
16,926		Huntsman Corp		191,095
400		International Flavors & Fragrances, Inc		16,456
4,257	*	Inverness Medical Innovations, Inc		176,708
1,837	*	Invitrogen Corp		95,947
60,892		Johnson & Johnson		3,922,054
24,733	*	King Pharmaceuticals, Inc		303,474
772		Lubrizol Corp		56,317
182,789		Merck & Co, Inc		6,679,109
8,125	*	Mylan Laboratories, Inc		149,744
1,538	*	NBTY, Inc		66,965
2,159	*	Pactiv Corp		52,118
788,239		Pfizer, Inc		14,338,066

77

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
16,090		PPG Industries, Inc	$	941,909
98,328		Procter & Gamble Co		5,961,627
5,469		RPM International, Inc		111,185
1,552		Sherwin-Williams Co		95,681
10,240		Valspar Corp		277,914
10,313	*	Watson Pharmaceuticals, Inc		408,498
		TOTAL CHEMICALS AND ALLIED PRODUCTS		46,184,634
COAL MINING - 0.08%
15,887		Arch Coal, Inc		353,486
1,611		Massey Energy Co		67,678
		TOTAL COAL MINING		421,164
COMMUNICATIONS - 8.00%
10,731	*	AOL, Inc		249,818
576,881		AT&T, Inc		16,169,973
23,395		Cablevision Systems Corp (Class A)		604,059
59,401		CBS Corp (Class B)		834,584
3,101	*	Central European Media Enterprises Ltd (Class A)		73,215
29,015		CenturyTel, Inc		1,050,633
5,846	*	Clearwire Corp (Class A)		39,519
260,008		Comcast Corp (Class A)		4,383,735
18,339	*	Crown Castle International Corp		715,955
50,681	*	DIRECTV		1,690,211
19,790		DISH Network Corp (Class A)		411,038
18,680		Frontier Communications Corp		145,891
5,506	*	IAC/InterActiveCorp		112,763
1,274	*	Leap Wireless International, Inc		22,359
162,085	*	Level 3 Communications, Inc		247,990
26,023	*	Liberty Global, Inc (Class A)		570,164
8,225	*	Liberty Media Corp - Capital (Series A)		196,413
5,155	*	Liberty Media Corp-Starz		237,903
58,682	*	Liberty Media Holding Corp (Interactive A)		636,113
15,353	*	NII Holdings, Inc (Class B)		515,554
143,974		Qwest Communications International, Inc		606,131
278,531	*	Sprint Nextel Corp		1,019,423
9,157		Telephone & Data Systems, Inc		310,605
34,451		Time Warner Cable, Inc		1,425,927
1,331	*	US Cellular Corp		56,448
277,745		Verizon Communications, Inc		9,201,692
53,075	*	Viacom, Inc (Class B)		1,577,920
23,371		Windstream Corp		256,847
		TOTAL COMMUNICATIONS		43,362,883
DEPOSITORY INSTITUTIONS - 11.88%
11,980		Associated Banc-Corp		131,900
8,535		Bancorpsouth, Inc		200,231
845,918		Bank of America Corp		12,739,525
4,682		Bank of Hawaii Corp		220,335
92,934		Bank of New York Mellon Corp		2,599,364
67,134		BB&T Corp		1,703,190
1,212		BOK Financial Corp		57,594

78

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
1,485,051		Citigroup, Inc	$	4,915,519
4,455		City National Corp		203,148
14,780		Comerica, Inc		437,045
4,059		Commerce Bancshares, Inc		157,164
5,059		Cullen/Frost Bankers, Inc		252,950
77,764		Fifth Third Bancorp		758,199
545		First Citizens Bancshares, Inc (Class A)		89,385
22,511	*	First Horizon National Corp		301,648
18,547		First Niagara Financial Group, Inc		257,989
17,593		Fulton Financial Corp		153,411
20,366		Hudson City Bancorp, Inc		279,625
70,815		Huntington Bancshares, Inc		258,475
367,560		JPMorgan Chase & Co		15,316,226
86,535		Keycorp		480,269
7,458		M&T Bank Corp		498,866
51,729		Marshall & Ilsley Corp		281,923
41,373		New York Community Bancorp, Inc		600,322
33,765		People’s United Financial, Inc		563,876
44,997		PNC Financial Services Group, Inc		2,375,392
59,147		Popular, Inc		133,672
112,943		Regions Financial Corp		597,468
22,547		State Street Corp		981,696
48,779		SunTrust Banks, Inc		989,726
35,293		Synovus Financial Corp		72,351
12,860		TCF Financial Corp		175,153
6,610		TFS Financial Corp		80,245
185,541		US Bancorp		4,176,528
14,952		Valley National Bancorp		211,272
10,571		Washington Federal, Inc		204,443
396,213		Wells Fargo & Co		10,693,789
9,551		Whitney Holding Corp		87,010
6,576		Wilmington Trust Corp		81,148
13,445		Zions Bancorporation		172,499
		TOTAL DEPOSITORY INSTITUTIONS		64,490,571
EATING AND DRINKING PLACES - 0.02%
19,800		Wendy’s/Arby’s Group, Inc (Class A)		92,862
		TOTAL EATING AND DRINKING PLACES		92,862
EDUCATIONAL SERVICES - 0.01%
514	*	Career Education Corp		11,981
830	*	Education Management Corp		18,269
		TOTAL EDUCATIONAL SERVICES		30,250
ELECTRIC, GAS, AND SANITARY SERVICES - 7.51%
13,273	*	AES Corp		176,664
7,273		AGL Resources, Inc		265,246
6,204		Allegheny Energy, Inc		145,670
11,035		Alliant Energy Corp		333,919
23,118		Ameren Corp		646,148
46,625		American Electric Power Co, Inc		1,622,084
5,952		American Water Works Co, Inc		133,384

79

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
13,841		Aqua America, Inc	$	242,356
9,203		Atmos Energy Corp		270,568
15,604	*	Calpine Corp		171,644
6,090		Centerpoint Energy, Inc		88,366
22,569		CMS Energy Corp		353,431
26,837		Consolidated Edison, Inc		1,219,205
2,674		Constellation Energy Group, Inc		94,045
12,836	*	Covanta Holding Corp		232,203
57,692		Dominion Resources, Inc		2,245,373
9,828		DPL, Inc		271,253
16,032		DTE Energy Co		698,835
125,859		Duke Energy Corp		2,166,033
47,049	*	Dynegy, Inc (Class A)		85,159
31,861		Edison International		1,108,126
49,493		El Paso Corp		486,516
7,088		Energen Corp		331,718
19,176		Entergy Corp		1,569,364
58,815		Exelon Corp		2,874,289
29,809		FirstEnergy Corp		1,384,628
34,909		FPL Group, Inc		1,843,893
13,211		Great Plains Energy, Inc		256,161
8,625		Hawaiian Electric Industries, Inc		180,263
5,980		Integrys Energy Group, Inc		251,100
18,085		MDU Resources Group, Inc		426,806
14,232	*	Mirant Corp		217,323
6,880		National Fuel Gas Co		344,000
27,312		NiSource, Inc		420,059
17,132		Northeast Utilities		441,834
26,180	*	NRG Energy, Inc		618,110
10,142		NSTAR		373,226
13,888		NV Energy, Inc		171,933
9,394		OGE Energy Corp		346,545
10,360		Oneok, Inc		461,745
21,222		Pepco Holdings, Inc		357,591
36,017		PG&E Corp		1,608,159
10,164		Pinnacle West Capital Corp		371,799
27,292		Progress Energy, Inc		1,119,245
49,482		Public Service Enterprise Group, Inc		1,645,277
17,020		Questar Corp		707,521
35,135	*	Reliant Energy, Inc		200,972
21,508		Republic Services, Inc		608,891
11,911		SCANA Corp		448,806
23,889		Sempra Energy		1,337,306
76,511		Southern Co		2,549,347
10,876		Southern Union Co		246,885
21,323		TECO Energy, Inc		345,859
10,593		UGI Corp		256,245
7,925		Vectren Corp		195,589
2,016	*	Waste Connections, Inc		67,213
5,167		Waste Management, Inc		174,696
10,139		Westar Energy, Inc		220,219
56,729		Williams Cos, Inc		1,195,847

80

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
11,438		Wisconsin Energy Corp	$	569,956
44,556		Xcel Energy, Inc		945,478
		TOTAL ELECTRIC, GAS, AND SANITARY SERVICES		40,742,126
ELECTRONIC AND OTHER ELECTRIC EQUIPMENT - 5.28%
880	*	A123 Systems, Inc		19,747
27,116	*	Advanced Micro Devices, Inc		262,483
46,582	*	Atmel Corp		214,743
9,854	*	Avnet, Inc		297,197
3,639		AVX Corp		46,106
8,766	*	Ciena Corp		95,023
1,600	*	Cypress Semiconductor Corp		16,896
16,192		Eaton Corp		1,030,135
3,711	*	EchoStar Corp (Class A)		74,740
1,106	*	Energizer Holdings, Inc		67,776
12,113	*	Fairchild Semiconductor International, Inc		121,009
1,035,419		General Electric Co		15,665,890
2,840		Harman International Industries, Inc		100,195
3,003		Harris Corp		142,793
12,401	*	Integrated Device Technology, Inc		80,234
209,158		Intel Corp		4,266,823
3,769	*	International Rectifier Corp		83,370
5,687		Intersil Corp (Class A)		87,239
9,820	*	JDS Uniphase Corp		81,015
11,378		L-3 Communications Holdings, Inc		989,317
4,159		Lincoln Electric Holdings, Inc		222,340
63,446	*	LSI Logic Corp		381,310
4,643	*	Marvell Technology Group Ltd		96,342
4,419		Maxim Integrated Products, Inc		89,706
1,549		Microchip Technology, Inc		45,014
68,630	*	Micron Technology, Inc		724,733
11,340		Molex, Inc		244,377
209,804		Motorola, Inc		1,628,079
3,773	*	Novellus Systems, Inc		88,062
21,865	*	PMC - Sierra, Inc		189,351
2,260		Teleflex, Inc		121,791
37,290	*	Tellabs, Inc		211,807
3,531	*	Thomas & Betts Corp		126,374
14,363	*	Vishay Intertechnology, Inc		119,931
7,357		Whirlpool Corp		593,416
		TOTAL ELECTRONIC AND OTHER ELECTRIC EQUIPMENT		28,625,364
ENGINEERING AND MANAGEMENT SERVICES - 0.16%
15,555		KBR, Inc		295,545
10,064	*	SAIC, Inc		190,612
1,410	*	Shaw Group, Inc		40,538
7,103	*	URS Corp		316,225
		TOTAL ENGINEERING AND MANAGEMENT SERVICES		842,920
FABRICATED METAL PRODUCTS - 0.81%
6,435		Aptargroup, Inc		229,987
3,406		Ball Corp		176,090

81

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
11,007		Commercial Metals Co	$	172,260
2,250		Crane Co		68,895
43,890		Illinois Tool Works, Inc		2,106,280
15,920		Parker Hannifin Corp		857,769
6,685		Pentair, Inc		215,926
4,368		Snap-On, Inc		184,592
7,833		Stanley Works		403,478
		TOTAL FABRICATED METAL PRODUCTS		4,415,277
FOOD AND KINDRED PRODUCTS - 3.24%
27,560		Archer Daniels Midland Co		862,904
13,114		Bunge Ltd		837,067
6,532		Campbell Soup Co		220,782
48,440		Coca-Cola Co		2,761,079
4,273		Coca-Cola Enterprises, Inc		90,588
43,731		ConAgra Foods, Inc		1,007,999
19,029	*	Constellation Brands, Inc (Class A)		303,132
7,081		Corn Products International, Inc		206,978
20,254		Del Monte Foods Co		229,680
24,830		Dr Pepper Snapple Group, Inc		702,689
1,189		Flowers Foods, Inc		28,251
18,918		General Mills, Inc		1,339,583
6,127		H.J. Heinz Co		261,991
6,279		Hershey Co		224,725
6,169		Hormel Foods Corp		237,198
11,646		J.M. Smucker Co		719,141
144,003		Kraft Foods, Inc (Class A)		3,914,001
10,000		Mead Johnson Nutrition Co		437,000
11,798		Molson Coors Brewing Co (Class B)		532,798
2,755		Pepsi Bottling Group, Inc		103,313
5,805		PepsiAmericas, Inc		169,854
5,539	*	Ralcorp Holdings, Inc		330,734
16,706		Reynolds American, Inc		884,916
51,095		Sara Lee Corp		622,337
12,398	*	Smithfield Foods, Inc		188,326
29,583		Tyson Foods, Inc (Class A)		362,983
		TOTAL FOOD AND KINDRED PRODUCTS		17,580,049
FOOD STORES - 0.26%
10,528		Kroger Co		216,140
41,652		Safeway, Inc		886,771
21,053		Supervalu, Inc		267,584
1,498	*	Whole Foods Market, Inc		41,120
		TOTAL FOOD STORES		1,411,615
FORESTRY - 0.20%
4,228		Rayonier, Inc		178,252
20,844		Weyerhaeuser Co		899,211
		TOTAL FORESTRY		1,077,463
FURNITURE AND FIXTURES - 0.11%
3,426		Hill-Rom Holdings, Inc		82,190

82

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
4,181	*	Kinetic Concepts, Inc	$	157,415
5,336		Leggett & Platt, Inc		108,854
18,615		Masco Corp		257,073
		TOTAL FURNITURE AND FIXTURES		605,532
FURNITURE AND HOME FURNISHINGS STORES - 0.07%
1,778	*	GameStop Corp (Class A)		39,009
11,194		RadioShack Corp		218,283
5,087		Williams-Sonoma, Inc		105,708
		TOTAL FURNITURE AND HOME FURNISHINGS STORES		363,000
GENERAL BUILDING CONTRACTORS - 0.28%
27,195		DR Horton, Inc		295,610
6,376		KB Home		87,224
14,892		Lennar Corp (Class A)		190,171
2,265		MDC Holdings, Inc		70,306
473	*	NVR, Inc		336,165
29,818	*	Pulte Homes, Inc		298,179
13,449	*	Toll Brothers, Inc		252,976
		TOTAL GENERAL BUILDING CONTRACTORS		1,530,631
GENERAL MERCHANDISE STORES - 0.38%
7,114	*	Big Lots, Inc		206,164
4,768	*	BJ’s Wholesale Club, Inc		155,961
1,090	*	Dollar General Corp		24,449
21,750		JC Penney Co, Inc		578,768
41,608		Macy’s, Inc		697,349
4,884	*	Sears Holdings Corp		407,570
		TOTAL GENERAL MERCHANDISE STORES		2,070,261
HEALTH SERVICES - 0.44%
3,816		AmerisourceBergen Corp		99,483
4,487		Brookdale Senior Living, Inc		81,619
4,750	*	Community Health Systems, Inc		169,100
10,717	*	Coventry Health Care, Inc		260,316
5,242	*	LifePoint Hospitals, Inc		170,417
1,600	*	Lincare Holdings, Inc		59,392
13,534		McKesson Corp		845,874
7,177		Omnicare, Inc		173,540
3,033	*	Pediatrix Medical Group, Inc		182,314
14,322	*	Tenet Healthcare Corp		77,196
8,448		Universal Health Services, Inc (Class B)		257,664
		TOTAL HEALTH SERVICES		2,376,915
HOLDING AND OTHER INVESTMENT OFFICES - 3.70%
3,390		Alexandria Real Estate Equities, Inc		217,943
14,678		AMB Property Corp		375,023
53,224		Annaly Mortgage Management, Inc		923,436
11,001		Apartment Investment & Management Co (Class A)		175,136
7,829		AvalonBay Communities, Inc		642,839
13,552		Boston Properties, Inc		908,933

83

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY		VALUE
12,789		Brandywine Realty Trust	$	145,795
5,189		BRE Properties, Inc (Class A)		171,652
6,711		Camden Property Trust		284,345
5,668		Corporate Office Properties Trust		207,619
12,100		Douglas Emmett, Inc		172,425
21,898		Duke Realty Corp		266,499
26,783		Equity Residential		904,730
2,882		Essex Property Trust, Inc		241,079
5,032		Federal Realty Investment Trust		340,767
17,542		HCP, Inc		535,733
5,699		Health Care REIT, Inc		252,580
12,089		Hospitality Properties Trust		286,630
60,132		Host Marriott Corp		701,740
23,445		HRPT Properties Trust		151,689
76,100		iShares Russell 1000 Value Index Fund		4,367,379
37,417		Kimco Realty Corp		506,252
11,082		Liberty Property Trust		354,735
9,501		Macerich Co		341,561
7,654		Mack-Cali Realty Corp		264,599
2,757		Nationwide Health Properties, Inc		96,991
10,453		Plum Creek Timber Co, Inc		394,705
46,265		Prologis		633,368
10,628		Realty Income Corp		275,371
8,395		Regency Centers Corp		294,329
12,164		Senior Housing Properties Trust		266,027
13,538		Simon Property Group, Inc		1,080,332
7,672		SL Green Realty Corp		385,441
5,492		Taubman Centers, Inc		197,218
15,250		UDR, Inc		250,710
15,304		Ventas, Inc		669,397
28,686		Virgin Media, Inc		482,785
15,051		Vornado Realty Trust		1,052,667
900		WABCO Holdings, Inc		23,211
10,437		Weingarten Realty Investors		206,548
		TOTAL HOLDING AND OTHER INVESTMENT OFFICES		20,050,219
HOTELS AND OTHER LODGING PLACES - 0.35%
5,394	*	Boyd Gaming Corp		45,148
2,371		Choice Hotels International, Inc		75,066
1,610	*	Hyatt Hotels Corp		47,994
6,474	*	Las Vegas Sands Corp		96,722
15,289		Marriott International, Inc (Class A)		416,625
10,282	*	MGM Mirage		93,772
15,277		Starwood Hotels & Resorts Worldwide, Inc		558,680
9,537		Wyndham Worldwide Corp		192,361
6,553	*	Wynn Resorts Ltd		381,581
		TOTAL HOTELS AND OTHER LODGING PLACES		1,907,949
INDUSTRIAL MACHINERY AND EQUIPMENT - 3.78%
9,406	*	AGCO Corp		304,190
129,982		Applied Materials, Inc		1,811,949
5,925		Black & Decker Corp		384,118

84

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
26,537	*	Brocade Communications Systems, Inc	$	202,477
5,848		Bucyrus International, Inc (Class A)		329,652
4,622		Carlisle Cos, Inc		158,350
29,422		Caterpillar, Inc		1,676,760
13,226		Cummins, Inc		606,544
31,080		Deere & Co		1,681,117
740		Diebold, Inc		21,053
5,119		Dover Corp		213,002
176,359	*	EMC Corp		3,080,991
5,022		Gardner Denver, Inc		213,686
3,131		Graco, Inc		89,453
52,852		Hewlett-Packard Co		2,722,407
3,236		IDEX Corp		100,801
4,411		International Game Technology		82,794
16,248		ITT Industries, Inc		808,176
9,893		Jabil Circuit, Inc		171,841
29,538		Johnson Controls, Inc		804,615
1,135		Joy Global, Inc		58,555
7,950		Kennametal, Inc		206,064
7,773	*	Lexmark International, Inc (Class A)		201,943
12,320		Manitowoc Co, Inc		122,830
27,867		Northrop Grumman Corp		1,556,372
4,662	*	Oil States International, Inc		183,170
20,241		Pitney Bowes, Inc		460,685
9,038		Raytheon Co		465,638
11,590	*	SanDisk Corp		335,994
4,501		Seagate Technology, Inc		81,873
4,796		SPX Corp		262,341
2,997	*	Teradata Corp		94,196
9,964	*	Terex Corp		197,387
26,430		Textron, Inc		497,148
9,614		Timken Co		227,948
2,324	*	Western Digital Corp		102,605
100	*	Zebra Technologies Corp (Class A)		2,836
		TOTAL INDUSTRIAL MACHINERY AND EQUIPMENT		20,521,561
INSTRUMENTS AND RELATED PRODUCTS - 1.45%
96,024	*	Boston Scientific Corp		864,216
17,865	*	CareFusion Corp		446,804
4,701		Cooper Cos, Inc		179,202
9,558		Danaher Corp		718,762
1,841		Garmin Ltd		56,519
3,716		Hillenbrand, Inc		70,009
23,247	*	Hologic, Inc		337,082
251	*	Itron, Inc		16,960
16,615		Kla-Tencor Corp		600,798
9,228		PerkinElmer, Inc		190,005
12,603		Rockwell Automation, Inc		592,089
1,142		Roper Industries, Inc		59,807
37,588	*	Thermo Electron Corp		1,792,571
84,559		Xerox Corp		715,369
21,036	*	Zimmer Holdings, Inc		1,243,437
		TOTAL INSTRUMENTS AND RELATED PRODUCTS		7,883,630

85

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
INSURANCE AGENTS, BROKERS AND SERVICE - 0.62%
27,070		AON Corp	$	1,037,864
657		Arthur J. Gallagher & Co		14,789
2,879		Brown & Brown, Inc		51,736
37,446		Hartford Financial Services Group, Inc		870,994
47,260		Marsh & McLennan Cos, Inc		1,043,500
2,400	*	Verisk Analytics, Inc		72,672
770		White Mountains Insurance Group Ltd		256,148
		TOTAL INSURANCE AGENTS, BROKERS AND SERVICE		3,347,703
INSURANCE CARRIERS - 5.52%
34,307		Aetna, Inc		1,087,532
559	*	Alleghany Corp		154,284
5,073		Allied World Assurance Holdings Ltd		233,713
52,448		Allstate Corp		1,575,538
7,977		American Financial Group, Inc		199,026
7,176	*	American International Group, Inc		215,136
1,565		American National Insurance Co		186,924
4,753	*	Arch Capital Group Ltd		340,077
8,097		Aspen Insurance Holdings Ltd		206,069
11,769		Assurant, Inc		346,950
9,906		Axis Capital Holdings Ltd		281,429
34,435		Chubb Corp		1,693,513
24,939		Cigna Corp		879,599
14,425		Cincinnati Financial Corp		378,512
1,314	*	CNA Financial Corp		31,536
3,205		Endurance Specialty Holdings Ltd		119,322
876		Erie Indemnity Co (Class A)		34,182
6,149		Everest Re Group Ltd		526,846
19,349		Fidelity National Title Group, Inc (Class A)		260,438
9,977		First American Corp		330,338
27,422	*	Genworth Financial, Inc (Class A)		311,240
4,755		Hanover Insurance Group, Inc		211,265
11,374		HCC Insurance Holdings, Inc		318,131
10,160	*	Health Net, Inc		236,626
10,773	*	Humana, Inc		472,827
11,806	*	Leucadia National Corp		280,865
20,330		Lincoln National Corp		505,810
32,043		Loews Corp		1,164,763
924	*	Markel Corp		314,160
9,421	*	MBIA, Inc		37,496
2,689		Mercury General Corp		105,570
56,428		Metlife, Inc		1,994,730
24,277		Old Republic International Corp		243,741
1,774		OneBeacon Insurance Group Ltd (Class A)		24,446
7,131		PartnerRe Ltd		532,400
59,805	*	Progressive Corp		1,075,892
7,997		Protective Life Corp		132,350
21,866		Prudential Financial, Inc		1,088,052
6,646		Reinsurance Group of America, Inc (Class A)		316,682

86

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
6,271		RenaissanceRe Holdings Ltd	$	333,304
4,612		Stancorp Financial Group, Inc		184,572
8,288		Torchmark Corp		364,258
2,694		Transatlantic Holdings, Inc		140,384
53,425		Travelers Cos, Inc		2,663,771
116,311		UnitedHealth Group, Inc		3,545,159
4,466		Unitrin, Inc		98,475
32,392		UnumProvident Corp		632,292
8,135		Validus Holdings Ltd		219,157
8,836		W.R. Berkley Corp		217,719
41,641	*	WellPoint, Inc		2,427,254
126		Wesco Financial Corp		43,218
33,457		XL Capital Ltd (Class A)		613,267
		TOTAL INSURANCE CARRIERS		29,930,840
JUSTICE, PUBLIC ORDER AND SAFETY - 0.05%
9,953	*	Corrections Corp of America		244,346
		TOTAL JUSTICE, PUBLIC ORDER AND SAFETY		244,346
METAL MINING - 0.38%
11,678		Cleveland-Cliffs, Inc		538,239
15,825	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		1,270,589
2,328		Royal Gold, Inc		109,649
4,535		Southern Copper Corp		149,247
		TOTAL METAL MINING		2,067,724
MISCELLANEOUS MANUFACTURING INDUSTRIES - 0.11%
1,092		Armstrong World Industries, Inc		42,512
4,950		Hasbro, Inc		158,697
373	*	Intrepid Potash, Inc		10,880
8,598		Jarden Corp		265,764
7,250		Mattel, Inc		144,855
		TOTAL MISCELLANEOUS MANUFACTURING INDUSTRIES		622,708
MISCELLANEOUS RETAIL - 0.69%
2,660		Barnes & Noble, Inc		50,726
98,933		CVS Corp		3,186,632
23,228	*	Office Depot, Inc		149,821
59,749	*	Rite Aid Corp		90,221
8,340		Signet Jewelers Ltd		222,845
874		Tiffany & Co		37,582
		TOTAL MISCELLANEOUS RETAIL		3,737,827
MOTION PICTURES - 1.31%
2,340	*	Discovery Communications, Inc (Class C)		62,057
7,324	*	DreamWorks Animation SKG, Inc (Class A)		292,594
3,051	*	Macrovision Solutions Corp		97,235
222,614		News Corp (Class A)		3,047,586
3,499		Regal Entertainment Group (Class A)		50,526
3,308		Scripps Networks Interactive (Class A)		137,282
116,987		Time Warner, Inc		3,409,000
		TOTAL MOTION PICTURES		7,096,280

87

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
NONDEPOSITORY INSTITUTIONS - 1.14%
	81,059		American Express Co	$	3,284,511
	5,729	*	AmeriCredit Corp		109,080
	31,717		Capital One Financial Corp		1,216,030
	21,518		CapitalSource, Inc		85,426
	68,466		Chimera Investment Corp		265,648
	53,181		Discover Financial Services		782,293
	35,794	*	SLM Corp		403,398
	382		Student Loan Corp		17,790
			TOTAL NONDEPOSITORY INSTITUTIONS		6,164,176
NONMETALLIC MINERALS, EXCEPT FUELS - 0.14%
	1,585		Compass Minerals International, Inc		106,496
	12,442		Vulcan Materials Co		655,320
			TOTAL NONMETALLIC MINERALS, EXCEPT FUELS		761,816
OIL AND GAS EXTRACTION - 7.73%
	48,811		Anadarko Petroleum Corp		3,046,783
	32,776		Apache Corp		3,381,500
	812	*	Atwood Oceanics, Inc		29,110
	30,301		Baker Hughes, Inc		1,226,584
	28,564		BJ Services Co		531,290
	10,137		Cabot Oil & Gas Corp		441,872
	2,000	*	Cameron International Corp		83,600
	61,225		Chesapeake Energy Corp		1,584,503
	8,319		Cimarex Energy Co		440,657
	4,350	*	Comstock Resources, Inc		176,480
	7,485	*	Concho Resources, Inc		336,077
	1,438	*	Continental Resources, Inc		61,676
	24,751	*	Denbury Resources, Inc		366,315
	43,407		Devon Energy Corp		3,190,415
	5,355	*	Encore Acquisition Co		257,147
	24,478		EOG Resources, Inc		2,381,709
	1,484		EXCO Resources, Inc		31,505
	3,026	*	Exterran Holdings, Inc		64,908
	7,353	*	Forest Oil Corp		163,604
	87,721		Halliburton Co		2,639,525
	9,764	*	Helix Energy Solutions Group, Inc		114,727
	7,058		Helmerich & Payne, Inc		281,473
	39	*	Mariner Energy, Inc		453
	27,722	*	Nabors Industries Ltd		606,835
	40,890		National Oilwell Varco, Inc		1,802,840
	13,052	*	Newfield Exploration Co		629,498
	16,954		Noble Energy, Inc		1,207,464
	79,257		Occidental Petroleum Corp		6,447,556
	12,359		Patterson-UTI Energy, Inc		189,711
	11,238		Pioneer Natural Resources Co		541,334
	6,535	*	Plains Exploration & Production Co		180,758
	8,989	*	Pride International, Inc		286,839
	13,233		Range Resources Corp		659,665

88

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	8,780		Rowan Cos, Inc	$	198,779
	63,879		Schlumberger Ltd		4,157,884
	1,953	*	SEACOR Holdings, Inc		148,916
	612	*	Seahawk Drilling, Inc		13,794
	9,789		Smith International, Inc		265,967
	4,941		St. Mary Land & Exploration Co		169,180
	7,844	*	Superior Energy Services		190,531
	5,019		Tidewater, Inc		240,661
	3,995	*	Unit Corp		169,788
	4,985	*	Whiting Petroleum Corp		356,178
	56,684		XTO Energy, Inc		2,637,507
			TOTAL OIL AND GAS EXTRACTION		41,933,598
PAPER AND ALLIED PRODUCTS - 0.58%
	10,766		Bemis Co		319,212
	3,131		Greif, Inc (Class A)		169,011
	42,265		International Paper Co		1,131,857
	5,273		Kimberly-Clark Corp		335,943
	16,737		MeadWestvaco Corp		479,180
	9,506		Packaging Corp of America		218,733
	9,928		Sonoco Products Co		290,394
	10,790		Temple-Inland, Inc		227,777
			TOTAL PAPER AND ALLIED PRODUCTS		3,172,107
PERSONAL SERVICES - 0.10%
	10,613		Cintas Corp		276,469
	24,298		Service Corp International		199,001
	2,952		Weight Watchers International, Inc		86,080
			TOTAL PERSONAL SERVICES		561,550
PETROLEUM AND COAL PRODUCTS - 9.82%
	7,050		Ashland, Inc		279,321
	196,011		Chevron Corp		15,090,888
	144,861		ConocoPhillips		7,398,052
	354,027	d	Exxon Mobil Corp		24,141,102
	2,035		Frontier Oil Corp		24,501
	28,398		Hess Corp		1,718,079
	69,210		Marathon Oil Corp		2,160,736
	18,655		Murphy Oil Corp		1,011,101
	12,712	*	SandRidge Energy, Inc		119,874
	11,714		Sunoco, Inc		305,735
	7,406		Tesoro Corp		100,351
	55,027		Valero Energy Corp		921,702
			TOTAL PETROLEUM AND COAL PRODUCTS		53,271,442
PIPELINES, EXCEPT NATURAL GAS - 0.24%
	63,072		Spectra Energy Corp		1,293,607
			TOTAL PIPELINES, EXCEPT NATURAL GAS		1,293,607
PRIMARY METAL INDUSTRIES - 0.91%
	10,944		AK Steel Holding Corp		233,654

89

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	51,162		Alcoa, Inc	$	824,731
	9,833		Allegheny Technologies, Inc		440,223
	4,311		Carpenter Technology Corp		116,181
	9,393	*	CommScope, Inc		249,196
	5,385	*	General Cable Corp		158,427
	4,692		Hubbell, Inc (Class B)		221,932
	30,727		Nucor Corp		1,433,415
	434		Schnitzer Steel Industries, Inc (Class A)		20,702
	21,044		Steel Dynamics, Inc		372,900
	8,632		Titanium Metals Corp		108,073
	14,017		United States Steel Corp		772,617
			TOTAL PRIMARY METAL INDUSTRIES		4,952,051
PRINTING AND PUBLISHING - 0.21%
	23,404		Gannett Co, Inc		347,548
	3,228		Meredith Corp		99,584
	8,733		New York Times Co (Class A)		107,940
	15,321		R.R. Donnelley & Sons Co		341,199
	606		Washington Post Co (Class B)		266,398
			TOTAL PRINTING AND PUBLISHING		1,162,669
RAILROAD TRANSPORTATION - 1.41%
	25,698		Burlington Northern Santa Fe Corp		2,534,336
	38,281		CSX Corp		1,856,245
	4,716	*	Kansas City Southern Industries, Inc		156,996
	31,225		Norfolk Southern Corp		1,636,815
	23,122		Union Pacific Corp		1,477,496
			TOTAL RAILROAD TRANSPORTATION		7,661,888
REAL ESTATE - 0.07%
	11,561	*	Forest City Enterprises, Inc (Class A)		136,189
	3,975		Jones Lang LaSalle, Inc		240,090
			TOTAL REAL ESTATE		376,279
RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS - 0.13%
	23,327		Newell Rubbermaid, Inc		350,138
	15,789		Sealed Air Corp		345,148
			TOTAL RUBBER AND MISCELLANEOUS PLASTIC PRODUCTS		695,286
SECURITY AND COMMODITY BROKERS - 3.26%
	22,976		Ameriprise Financial, Inc		891,928
	2,051		BlackRock, Inc		476,242
	5,199		Broadridge Financial Solutions, Inc		117,289
	6,114		CME Group, Inc		2,053,998
	538		Federated Investors, Inc (Class B)		14,795
	8,110		Franklin Resources, Inc		854,389
	46,174		Goldman Sachs Group, Inc		7,796,019
	3,670	*	Interactive Brokers Group, Inc (Class A)		65,032
	37,931		Invesco Ltd		890,999
	3,580	*	Investment Technology Group, Inc		70,526
	2,134		Janus Capital Group, Inc		28,702

90

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	2,543	*	Jefferies Group, Inc	$	60,345
	15,663		Legg Mason, Inc		472,396
	102,073		Morgan Stanley		3,021,362
	7,793	*	Nasdaq Stock Market, Inc		154,457
	18,895		NYSE Euronext		478,044
	9,358		Raymond James Financial, Inc		222,440
			TOTAL SECURITY AND COMMODITY BROKERS		17,668,963
SPECIAL TRADE CONTRACTORS - 0.08%
	20,335	*	Quanta Services, Inc		423,781
			TOTAL SPECIAL TRADE CONTRACTORS		423,781
STONE, CLAY, AND GLASS PRODUCTS - 0.18%
	22,586		Corning, Inc		436,136
	2,770		Martin Marietta Materials, Inc		247,666
	4,688	*	Owens Corning, Inc		120,200
	2,744	*	Owens-Illinois, Inc		90,195
	4,483	*	USG Corp		62,986
			TOTAL STONE, CLAY, AND GLASS PRODUCTS		957,183
TEXTILE MILL PRODUCTS - 0.05%
	5,652	*	Mohawk Industries, Inc		269,035
			TOTAL TEXTILE MILL PRODUCTS		269,035
TOBACCO PRODUCTS - 0.14%
	14,737		Fortune Brands, Inc		636,639
	1,776		Lorillard, Inc		142,488
			TOTAL TOBACCO PRODUCTS		779,127
TRANSPORTATION BY AIR - 0.58%
	30,452		FedEx Corp		2,541,219
	50,757		Southwest Airlines Co		580,153
			TOTAL TRANSPORTATION BY AIR		3,121,372
TRANSPORTATION EQUIPMENT - 2.16%
	8,344	*	Autoliv, Inc		361,796
	4,675	*	BE Aerospace, Inc		109,863
	65,192		Boeing Co		3,528,842
	1,308	*	Federal Mogul Corp (Class A)		22,628
	305,550	*	Ford Motor Co		3,055,500
	30,596		General Dynamics Corp		2,085,729
	15,777		Genuine Parts Co		598,895
	22,929		Harley-Davidson, Inc		577,811
	1,955		Harsco Corp		63,010
	8,893		Oshkosh Truck Corp		329,308
	2,452		Paccar, Inc		88,934
	7,529	*	Spirit Aerosystems Holdings, Inc (Class A)		149,526
	1,594		Thor Industries, Inc		50,052
	7,580		Trinity Industries, Inc		132,195
	3,908	*	TRW Automotive Holdings Corp		93,323
	6,884		United Technologies Corp		477,818
			TOTAL TRANSPORTATION EQUIPMENT		11,725,230

91

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
TRANSPORTATION SERVICES - 0.02%
	2,420		GATX Corp	$	69,575
	1,400		UTI Worldwide, Inc		20,048
			TOTAL TRANSPORTATION SERVICES		89,623
TRUCKING AND WAREHOUSING - 0.02%
	3,128		Con-way, Inc		109,198
			TOTAL TRUCKING AND WAREHOUSING		109,198
WATER TRANSPORTATION - 0.29%
	4,299		Alexander & Baldwin, Inc		147,155
	23,391	*	Carnival Corp		741,260
	5,291		Frontline Ltd		144,550
	4,302	*	Kirby Corp		149,839
	2,149		Overseas Shipholding Group, Inc		94,449
	9,094	*	Royal Caribbean Cruises Ltd		229,896
	2,124		Teekay Corp		49,298
			TOTAL WATER TRANSPORTATION		1,556,447
WHOLESALE TRADE-DURABLE GOODS - 0.20%
	7,014	*	Arrow Electronics, Inc		207,685
	1,015		BorgWarner, Inc		33,718
	600	*	Emdeon, Inc		9,150
	16,413	*	Ingram Micro, Inc (Class A)		286,406
	6,275		Reliance Steel & Aluminum Co		271,206
	4,911	*	Tech Data Corp		229,147
	1,962	*	WESCO International, Inc		52,994
			TOTAL WHOLESALE TRADE-DURABLE GOODS		1,090,306
WHOLESALE TRADE-NONDURABLE GOODS - 0.39%
	8,165		Airgas, Inc		388,654
	1,536		Brown-Forman Corp (Class B)		82,284
	35,210		Cardinal Health, Inc		1,135,169
	5,978	*	Central European Distribution Corp		169,835
	11,670	*	Endo Pharmaceuticals Holdings, Inc		239,352
	3,330		Terra Industries, Inc		107,193
	1,100		Valhi, Inc		15,367
			TOTAL WHOLESALE TRADE-NONDURABLE GOODS		2,137,854
			TOTAL COMMON STOCKS		537,927,269
			(Cost $625,376,470)
RIGHTS / WARRANTS - 0.00%**
COMMUNICATIONS - 0.00%**
	5,846		Clearwire Corp		2,338
			TOTAL COMMUNICATIONS		2,338

92

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES	COMPANY	VALUE
	TOTAL RIGHTS / WARRANTS	$	2,338
	(Cost $0)
	TOTAL INVESTMENTS - 99.20%	$	537,929,607
	(Cost $625,376,470)
	OTHER ASSETS AND LIABILITIES, NET - 0.80%		4,314,712
	NET ASSETS - 100.00%	$	542,244,319

	The following abbreviations are used in portfolio descriptions:
REIT	Real Estate Investment Trust
*	Non-income producing
**	Percentage represents less than 0.01%
d	All or a portion of these securities has been segregated by the custodian to cover margin or other requirements on futures contracts in the amount of $193,796.

93

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2009

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.60%
AGRICULTURAL PRODUCTION-CROPS - 0.02%
	5,658	*	Chiquita Brands International, Inc	$	102,070
	406		Griffin Land & Nurseries, Inc (Class A)		11,827
	11,546	*	VCA Antech, Inc		287,726
			TOTAL AGRICULTURAL PRODUCTION-CROPS		401,623
AGRICULTURAL PRODUCTION-LIVESTOCK - 0.01%
	1,783		Cal-Maine Foods, Inc		60,765
	45		Seaboard Corp		60,705
			TOTAL AGRICULTURAL PRODUCTION-LIVESTOCK		121,470
AGRICULTURAL SERVICES - 0.00%**
	1,229	*	Cadiz, Inc		14,711
	1,132		Calavo Growers, Inc		19,244
			TOTAL AGRICULTURAL SERVICES		33,955
AMUSEMENT AND RECREATION SERVICES - 0.64%
	7,286	*	Bally Technologies, Inc		300,839
	1,228		Churchill Downs, Inc		45,866
	2,546		Dover Downs Gaming & Entertainment, Inc		9,624
	43,793	*	Electronic Arts, Inc		777,326
	4,072		International Speedway Corp (Class A)		115,848
	4,461	*	Lakes Entertainment, Inc		11,197
	5,452	*	Life Time Fitness, Inc		135,918
	10,888	*	Live Nation, Inc		92,657
	3,462	*	Multimedia Games, Inc		20,807
	9,045	*	Penn National Gaming, Inc		245,843
	8,142	*	Pinnacle Entertainment, Inc		73,115
	1,944		Speedway Motorsports, Inc		34,253
	5,032	*	Ticketmaster		61,491
	5,599	*	Town Sports International Holdings, Inc		13,046
	249,415		Walt Disney Co		8,043,634
	6,874	*	Warner Music Group Corp		38,907
	7,021	*	WMS Industries, Inc		280,840
	2,876		World Wrestling Entertainment, Inc (Class A)		44,089
	3,845	*	Youbet.com, Inc		11,035
			TOTAL AMUSEMENT AND RECREATION SERVICES		10,356,335
APPAREL AND ACCESSORY STORES - 0.64%
	11,791		Abercrombie & Fitch Co (Class A)		410,916
	9,160	*	Aeropostale, Inc		311,898
	6,389	*	American Apparel, Inc		19,806
	22,874		American Eagle Outfitters, Inc		388,401
	7,822	*	AnnTaylor Stores Corp		106,692
	4,038		Bebe Stores, Inc		25,318
	5,717		Brown Shoe Co, Inc		56,427

94

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,412		Buckle, Inc	$	99,903
	7,460	*	Carter’s, Inc		195,825
	3,694		Cato Corp (Class A)		74,102
	16,258	*	Charming Shoppes, Inc		105,189
	23,752	*	Chico’s FAS, Inc		333,716
	3,097	*	Children’s Place Retail Stores, Inc		102,232
	4,003		Christopher & Banks Corp		30,503
	1,882	*	Citi Trends, Inc		51,981
	8,663	*	Collective Brands, Inc		197,257
	637	*	Destination Maternity Corp		12,103
	7,588	*	Dress Barn, Inc		175,283
	1,563	*	DSW, Inc (Class A)		40,450
	5,452		Finish Line, Inc (Class A)		68,423
	21,117		Foot Locker, Inc		235,243
	65,410		Gap, Inc		1,370,340
	7,076	*	Hot Topic, Inc		45,003
	6,734	*	J Crew Group, Inc		301,279
	2,571	*	JOS A Bank Clothiers, Inc		108,470
	40,942	*	Kohl’s Corp		2,208,002
	35,970		Limited Brands, Inc		692,063
	5,630	*	Lululemon Athletica, Inc		169,463
	4,007	*	New York & Co, Inc		17,190
	22,385		Nordstrom, Inc		841,228
	4,421	*	Pacific Sunwear Of California, Inc		17,596
	17,178		Ross Stores, Inc		733,672
	900	*	Rue21, Inc		25,281
	1,107	*	Shoe Carnival, Inc		22,660
	4,465		Stage Stores, Inc		55,187
	3,242		Talbots, Inc		28,886
	4,291	*	Under Armour, Inc (Class A)		117,016
	17,398	*	Urban Outfitters, Inc		608,756
	14,690	*	Wet Seal, Inc (Class A)		50,681
			TOTAL APPAREL AND ACCESSORY STORES		10,454,441
APPAREL AND OTHER TEXTILE PRODUCTS - 0.41%
	1,565		Columbia Sportswear Co		61,098
	1,743	*	G-III Apparel Group Ltd		37,771
	7,811		Guess ?, Inc		330,405
	4,035	*	Gymboree Corp		175,482
	12,632	*	Hanesbrands, Inc		304,558
	11,558		Jones Apparel Group, Inc		185,621
	13,307	*	Liz Claiborne, Inc		74,918
	2,540	*	Maidenform Brands, Inc		42,393
	48,784		Nike, Inc (Class B)		3,223,159
	7,034		Phillips-Van Heusen Corp		286,143
	7,459		Polo Ralph Lauren Corp (Class A)		604,030
	19,824	*	Quiksilver, Inc		40,044
	3,556	*	True Religion Apparel, Inc		65,750
	11,991		VF Corp		878,221
	6,246	*	Warnaco Group, Inc		263,519
			TOTAL APPAREL AND OTHER TEXTILE PRODUCTS		6,573,112

95

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
AUTO REPAIR, SERVICES AND PARKING - 0.06%
	1,197	*	Amerco, Inc	$	59,515
	3,131	*	Dollar Thrifty Automotive Group, Inc		80,185
	25,032	*	Hertz Global Holdings, Inc		298,381
	1,859	*	Midas, Inc		15,709
	2,494		Monro Muffler, Inc		83,399
	7,479		Ryder System, Inc		307,911
	1,015	*	Standard Parking Corp		16,118
	5,199	*	Wright Express Corp		165,640
			TOTAL AUTO REPAIR, SERVICES AND PARKING		1,026,858
AUTOMOTIVE DEALERS AND SERVICE STATIONS - 0.21%
	12,900		Advance Auto Parts		522,192
	1,347	*	America’s Car-Mart, Inc		35,467
	4,858	*	Asbury Automotive Group, Inc		56,013
	9,884	*	Autonation, Inc		189,279
	3,914	*	Autozone, Inc		618,686
	29,893	*	Carmax, Inc		724,904
	9,068	*	Copart, Inc		332,161
	2,885	*	Lithia Motors, Inc (Class A)		23,715
	18,388	*	O’Reilly Automotive, Inc		700,950
	5,092		Penske Auto Group, Inc		77,297
	4,447	*	Rush Enterprises, Inc (Class A)		52,875
	4,636		Sonic Automotive, Inc (Class A)		48,168
			TOTAL AUTOMOTIVE DEALERS AND SERVICE STATIONS		3,381,707
BUILDING MATERIALS AND GARDEN SUPPLIES - 0.75%
	2,920	*	Builders FirstSource, Inc		11,242
	17,918		Fastenal Co		746,106
	227,562		Home Depot, Inc		6,583,369
	198,940		Lowe’s Cos, Inc		4,653,207
	2,023	*	Lumber Liquidators, Inc		54,216
			TOTAL BUILDING MATERIALS AND GARDEN SUPPLIES		12,048,140
BUSINESS SERVICES - 8.31%
	51,875	*	3Com Corp		389,063
	2,306	*	3D Systems Corp		26,058
	6,566		Aaron Rents, Inc		182,075
	6,223		ABM Industries, Inc		128,567
	4,220	*	Acacia Research (Acacia Technologies)		38,444
	5,152	*	ACI Worldwide, Inc		88,357
	5,931	*	ActivIdentity Corp		13,938
	75,735	*	Activision Blizzard, Inc		841,416
	5,201	*	Actuate Corp		22,260
	8,820	*	Acxiom Corp		118,364
	2,891		Administaff, Inc		68,199
	70,715	*	Adobe Systems, Inc		2,600,898
	2,177	*	Advent Software, Inc		88,669
	12,335	*	Affiliated Computer Services, Inc (Class A)		736,276
	6,890		Aircastle Ltd		67,867
	23,408	*	Akamai Technologies, Inc		592,925
	7,200	*	Alliance Data Systems Corp		465,048

96

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,235	*	Amdocs Ltd	$	748,485
	5,019	*	American Reprographics Co		35,183
	2,477	*	American Software, Inc (Class A)		14,862
	4,375	*	AMICAS, Inc		23,800
	4,551	*	AMN Healthcare Services, Inc		41,232
	11,877	*	Ansys, Inc		516,174
	3,422	*	APAC Customer Services, Inc		20,395
	3,587		Arbitron, Inc		84,008
	2,593	*	ArcSight, Inc		66,329
	11,758	*	Ariba, Inc		147,210
	17,423	*	Art Technology Group, Inc		78,578
	1,920	*	Asset Acceptance Capital Corp		13,018
	4,600	*	athenahealth, Inc		208,104
	30,931	*	Autodesk, Inc		785,957
	67,506		Automatic Data Processing, Inc		2,890,607
	14,066	*	Avis Budget Group, Inc		184,546
	1,044		Barrett Business Services, Inc		12,831
	6,174		BGC Partners, Inc (Class A)		28,524
	6,143		Blackbaud, Inc		145,159
	4,349	*	Blackboard, Inc		197,401
	5,348	*	Blue Coat Systems, Inc		152,632
	25,061	*	BMC Software, Inc		1,004,946
	3,261	*	Bottomline Technologies, Inc		57,296
	12,010	*	BPZ Energy, Inc		114,095
	6,283		Brady Corp (Class A)		188,553
	6,282		Brink’s Co		152,904
	6,283	*	Brink’s Home Security Holdings, Inc		205,077
	53,231		CA, Inc		1,195,568
	4,118	*	CACI International, Inc (Class A)		201,164
	35,270	*	Cadence Design Systems, Inc		211,267
	1,307	*	CAI International, Inc		11,802
	3,314	*	Callidus Software, Inc		10,008
	1,748	*	Capella Education Co		131,624
	4,958	*	Cavium Networks, Inc		118,149
	5,729	*	CBIZ, Inc		44,113
	9,095	*	Cerner Corp		749,792
	3,010	*	Chordiant Software, Inc		8,278
	8,966	*	Ciber, Inc		30,933
	24,531	*	Citrix Systems, Inc		1,020,735
	5,955	*	Clear Channel Outdoor Holdings, Inc (Class A)		61,872
	1,190	*	Clinical Data, Inc		21,729
	5,861	*	Cogent Communications Group, Inc		57,789
	5,264	*	Cogent, Inc		54,693
	5,105		Cognex Corp		90,461
	39,600	*	Cognizant Technology Solutions Corp (Class A)		1,793,880
	5,497	*	Commvault Systems, Inc		130,224
	2,725		Compass Diversified Trust		34,771
	2,786	*	Compellent Technologies, Inc		63,186
	1,794		Computer Programs & Systems, Inc		82,614
	20,529	*	Computer Sciences Corp		1,181,033
	1,871	*	Computer Task Group, Inc		14,987
	32,383	*	Compuware Corp		234,129

97

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,291	*	COMSYS IT Partners, Inc	$	11,477
	5,385	*	Concur Technologies, Inc		230,209
	3,121	*	Constant Contact, Inc		49,936
	13,147	*	Convergys Corp		141,330
	2,709	*	CoStar Group, Inc		113,155
	4,368	*	CSG Systems International, Inc		83,385
	9,367	*	Cybersource Corp		188,370
	4,697	*	DealerTrack Holdings, Inc		88,257
	3,070	*	Deltek, Inc		23,885
	6,839		Deluxe Corp		101,149
	2,577	*	Dice Holdings, Inc		16,879
	5,095	*	Digital River, Inc		137,514
	3,290	*	DivX, Inc		18,556
	1,756	*	Double-Take Software, Inc		17,542
	5,272	*	DST Systems, Inc		229,596
	1,140	*	Dynamics Research Corp		12,095
	3,452	*	DynCorp International, Inc (Class A)		49,536
	14,721		Earthlink, Inc		122,332
	150,945	*	eBay, Inc		3,553,245
	901	*	Ebix, Inc		43,996
	4,143	*	Echelon Corp		47,893
	7,488	*	Eclipsys Corp		138,678
	1,833		Electro Rent Corp		21,153
	6,726	*	Electronics for Imaging, Inc		87,505
	892	*	eLoyalty Corp		6,128
	6,019	*	Epicor Software Corp		45,865
	4,863	*	EPIQ Systems, Inc		68,033
	17,100		Equifax, Inc		528,219
	11,329	*	Evergreen Energy, Inc		3,886
	2,092	*	ExlService Holdings, Inc		37,991
	24,897	*	Expedia, Inc		640,102
	10,645	*	F5 Networks, Inc		563,972
	5,665		Factset Research Systems, Inc		373,154
	6,536		Fair Isaac Corp		139,282
	4,355	*	FalconStor Software, Inc		17,681
	44,644		Fidelity National Information Services, Inc		1,046,455
	21,084	*	Fiserv, Inc		1,022,152
	2,430	*	Forrester Research, Inc		63,059
	7,691	*	Gartner, Inc		138,746
	4,486	*	Global Cash Access, Inc		33,600
	1,775	*	Global Sources Ltd		11,094
	32,252	*	Google, Inc (Class A)		19,995,595
	2,089	*	GSE Systems, Inc		11,448
	3,588	*	H&E Equipment Services, Inc		37,638
	4,601	*	Hackett Group, Inc		12,791
	6,074		Healthcare Services Group		130,348
	4,854		Heartland Payment Systems, Inc		63,733
	755	*	HeartWare International, Inc		26,780
	2,279		Heidrick & Struggles International, Inc		71,196
	3,514	*	HMS Holdings Corp		171,097
	2,111	*	i2 Technologies, Inc		40,362
	556	*	ICT Group, Inc		9,079

98

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
	3,072		iGate Corp	$	30,720
	6,494	*	IHS, Inc (Class A)		355,936
	1,050		Imergent, Inc		6,374
	24,348		IMS Health, Inc		512,769
	3,451		infoGROUP, Inc		27,677
	11,869	*	Informatica Corp		306,932
	4,538	*	Infospace, Inc		38,891
	3,531	*	Innerworkings, Inc		20,833
	2,887	*	Innodata Isogen, Inc		15,994
	2,229	*	Integral Systems, Inc		19,303
	4,911		Interactive Data Corp		124,248
	1,357	*	Interactive Intelligence, Inc		25,023
	7,358	*	Internap Network Services Corp		34,583
	3,584	*	Internet Brands, Inc (Class A)		28,063
	4,866	*	Internet Capital Group, Inc		32,359
	64,067	*	Interpublic Group of Cos, Inc		472,814
	43,115	*	Intuit, Inc		1,324,062
	4,301	*	inVentiv Health, Inc		69,547
	6,252		Ipass, Inc		6,502
	24,429	*	Iron Mountain, Inc		556,004
	11,433		Jack Henry & Associates, Inc		264,331
	3,401	*	JDA Software Group, Inc		86,623
	70,593	*	Juniper Networks, Inc		1,882,715
	3,451		Kelly Services, Inc (Class A)		41,170
	2,518	*	Kenexa Corp		32,860
	1,540		Keynote Systems, Inc		16,801
	3,835	*	Kforce, Inc		47,938
	3,834	*	Knot, Inc		38,608
	6,410	*	Korn/Ferry International		105,765
	7,674	*	Lamar Advertising Co (Class A)		238,585
	17,847	*	Lawson Software, Inc		118,683
	6,364	*	Limelight Networks, Inc		25,011
	7,576	*	Lionbridge Technologies		17,425
	1,553	*	Liquidity Services, Inc		15,639
	5,298	*	Liveperson, Inc		36,927
	970	*	LogMeIn, Inc		19,352
	3,886	*	Manhattan Associates, Inc		93,381
	10,617		Manpower, Inc		579,476
	3,034	*	Mantech International Corp (Class A)		146,482
	4,509		Marchex, Inc (Class B)		22,906
	11,458		Mastercard, Inc (Class A)		2,933,018
	21,062	*	McAfee, Inc		854,485
	970	*	Medidata Solutions, Inc		15,132
	12,324	*	Mentor Graphics Corp		108,821
	1,037,955		Microsoft Corp		31,647,247
	1,240	*	MicroStrategy, Inc (Class A)		116,585
	5,701	*	ModusLink Global Solutions, Inc		53,646
	10,660	*	MoneyGram International, Inc		30,701
	2,915	*	Monotype Imaging Holdings, Inc		26,322
	16,885	*	Monster Worldwide, Inc		293,799
	25,472		Moody’s Corp		682,650
	21,523	*	Move, Inc		35,728

99

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
	12,468	*	MPS Group, Inc	$	171,310
	739	*	NCI, Inc (Class A)		20,433
	21,505	*	NCR Corp		239,351
	3,723	*	Ness Technologies, Inc		18,243
	5,481	*	NetFlix, Inc		302,222
	3,378	*	Netscout Systems, Inc		49,454
	2,232	*	NetSuite, Inc		35,667
	3,837	*	Network Equipment Technologies, Inc		15,540
	7,146		NIC, Inc		65,314
	44,773	*	Novell, Inc		185,808
	30,782	*	Nuance Communications, Inc		478,352
	42,133		Omnicom Group, Inc		1,649,506
	5,352	*	On Assignment, Inc		38,267
	2,235	*	Online Resources Corp		11,756
	404	*	OpenTable, Inc		10,286
	1,902		Opnet Technologies, Inc		23,185
	514,911		Oracle Corp		12,635,916
	15,829	*	Parametric Technology Corp		258,646
	2,257		PC-Tel, Inc		13,361
	2,077		Pegasystems, Inc		70,618
	3,115	*	Perficient, Inc		26,259
	2,058	*	Pervasive Software, Inc		9,920
	5,720	*	Phase Forward, Inc		87,802
	3,088	*	Phoenix Technologies Ltd		8,492
	1,918	*	Portfolio Recovery Associates, Inc		86,080
	7,736	*	Premiere Global Services, Inc		63,822
	5,631	*	Progress Software Corp		164,482
	2,488	*	PROS Holdings, Inc		25,751
	1,629		QAD, Inc		9,953
	3,245		Quality Systems, Inc		203,754
	8,582	*	Quest Software, Inc		157,909
	9,144	*	Rackspace Hosting, Inc		190,652
	3,564	*	Radiant Systems, Inc		37,066
	3,069	*	Radisys Corp		29,309
	9,251	*	Raser Technologies, Inc		11,471
	10,668	*	RealNetworks, Inc		39,578
	25,623	*	Red Hat, Inc		791,751
	905		Renaissance Learning, Inc		10,281
	9,115	*	Rent-A-Center, Inc		161,518
	859		Rewards Network, Inc		10,858
	3,111	*	RightNow Technologies, Inc		54,038
	2,823	*	Riskmetrics Group Inc		44,914
	20,690		Robert Half International, Inc		553,044
	6,009		Rollins, Inc		115,854
	813	*	Rosetta Stone, Inc		14,593
	6,393	*	RSC Holdings, Inc		45,007
	6,583	*	S1 Corp		42,921
	3,078	*	Saba Software, Inc		12,743
	14,711	*	Salesforce.com, Inc		1,085,230
	11,021	*	Sapient Corp		91,144
	4,115	*	Smith Micro Software, Inc		37,611
	4,122	*	Sohu.com, Inc		236,108

100

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
	1,544	*	SolarWinds, Inc	$	35,527
	7,200	*	SonicWALL, Inc		54,792
	26,166	*	Sonus Networks, Inc		55,210
	9,227		Sotheby’s (Class A)		207,423
	2,848	*	Sourcefire, Inc		76,184
	7,305	*	Spherion Corp		41,054
	5,852	*	SRA International, Inc (Class A)		111,773
	1,632	*	StarTek, Inc		12,207
	2,680	*	Stratasys, Inc		46,310
	6,182	*	SuccessFactors, Inc		102,498
	101,416	*	Sun Microsystems, Inc		950,268
	5,101	*	SupportSoft, Inc		13,467
	11,264	*	Sybase, Inc		488,858
	4,713	*	SYKES Enterprises, Inc		120,040
	111,287	*	Symantec Corp		1,990,924
	2,979	*	Synchronoss Technologies, Inc		47,098
	2,575	*	SYNNEX Corp		78,950
	19,532	*	Synopsys, Inc		435,173
	1,754		Syntel, Inc		66,705
	10,406		Take-Two Interactive Software, Inc		104,580
	1,727		TAL International Group, Inc		22,848
	5,256	*	Taleo Corp (Class A)		123,621
	1,516	*	TechTarget, Inc		8,535
	4,814	*	TeleTech Holdings, Inc		96,424
	1,091		Textainer Group Holdings Ltd		18,438
	8,859	*	THQ, Inc		44,649
	24,103	*	TIBCO Software, Inc		232,112
	2,223	*	Tier Technologies, Inc		17,784
	3,251	*	TNS, Inc		83,518
	21,958		Total System Services, Inc		379,215
	3,576	*	TradeStation Group, Inc		28,215
	740	*	Travelzoo, Inc		9,095
	5,640	*	TrueBlue, Inc		83,528
	3,297	*	Ultimate Software Group, Inc		96,833
	1,952	*	Unica Corp		15,128
	5,726	*	Unisys Corp		220,795
	10,775		United Online, Inc		77,472
	8,678	*	United Rentals, Inc		85,131
	11,643	*	Valueclick, Inc		117,827
	3,329	*	Vasco Data Security International		20,873
	26,125	*	VeriSign, Inc		633,270
	3,315		Viad Corp		68,388
	1,678	*	Virtusa Corp		15,203
	60,342		Visa, Inc (Class A)		5,277,511
	6,884	*	VMware, Inc (Class A)		291,744
	1,826	*	Vocus, Inc		32,868
	1,051	*	Volt Information Sciences, Inc		10,510
	7,380	*	WebMD Health Corp (Class A)		284,056
	5,920	*	Websense, Inc		103,363
	3,067	*	Website Pros, Inc		20,028
	160,310	*	Yahoo!, Inc		2,690,002
			TOTAL BUSINESS SERVICES		134,616,911

101

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
CHEMICALS AND ALLIED PRODUCTS - 11.61%
	207,847		Abbott Laboratories	$	11,221,659
	936	*	Abraxis Bioscience, Inc		37,955
	5,146	*	Acorda Therapeutics, Inc		129,782
	1,501	*	Acura Pharmaceuticals, Inc		8,000
	5,174	*	Adolor Corp		7,554
	28,329		Air Products & Chemicals, Inc		2,296,348
	2,549	*	Albany Molecular Research, Inc		23,145
	12,396		Albemarle Corp		450,843
	11,572		Alberto-Culver Co		338,944
	11,910	*	Alexion Pharmaceuticals, Inc		581,446
	12,096	*	Alkermes, Inc		113,823
	9,417	*	Allos Therapeutics, Inc		61,870
	4,819	*	Alnylam Pharmaceuticals, Inc		84,911
	2,208	*	AMAG Pharmaceuticals, Inc		83,970
	6,983	*	American Oriental Bioengineering, Inc		32,471
	3,548		American Vanguard Corp		29,448
	136,210	*	Amgen, Inc		7,705,400
	1,953	*	Amicus Therapeutics, Inc		7,753
	3,345		Arch Chemicals, Inc		103,294
	1,822	*	Ardea Biosciences, Inc		25,508
	10,496	*	Arena Pharmaceuticals, Inc		37,261
	5,311	*	Arqule, Inc		19,598
	6,496	*	Array Biopharma, Inc		18,254
	2,627	*	ARYx Therapeutics, Inc		8,433
	6,188	*	Auxilium Pharmaceuticals, Inc		185,516
	8,010	*	AVANIR Pharmaceuticals, Inc		15,219
	15,097		Avery Dennison Corp		550,890
	10,080	*	AVI BioPharma, Inc		14,717
	57,878		Avon Products, Inc		1,823,157
	3,051		Balchem Corp		102,239
	3,536	*	BioCryst Pharmaceuticals, Inc		22,843
	1,225	*	Biodel, Inc		5,317
	1,178	*	BioDelivery Sciences International, Inc		4,630
	39,106	*	Biogen Idec, Inc		2,092,171
	13,383	*	BioMarin Pharmaceuticals, Inc		251,734
	1,263	*	BioMimetic Therapeutics, Inc		15,068
	489	*	Biospecifics Technologies Corp		14,352
	231,332		Bristol-Myers Squibb Co		5,841,132
	8,864		Cabot Corp		232,503
	4,144	*	Cadence Pharmaceuticals, Inc		40,072
	7,935	*	Calgon Carbon Corp		110,297
	2,815	*	Cambrex Corp		15,708
	1,551	*	Caraco Pharmaceutical Laboratories Ltd		9,368
	1,227	*	Cardiovascular Systems, Inc		5,632
	19,218		Celanese Corp (Series A)		616,898
	62,160	*	Celgene Corp		3,461,069
	72,557	*	Cell Therapeutics, Inc		82,715
	1,712	*	Celldex Therapeutics, Inc		8,012
	10,002	*	Cephalon, Inc		624,225
	6,561		CF Industries Holdings, Inc		595,608

102

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
	9,007	*	Charles River Laboratories International, Inc	$	303,446
	783		Chase Corp		9,247
	2,691	*	Chattem, Inc		251,070
	5,590	*	Chelsea Therapeutics International, Inc		15,093
	1,510	*	China Green Agriculture, Inc		22,197
	5,493	*	China Precision Steel, Inc		11,261
	1,294	*	China-Biotics, Inc		20,018
	9,161		Church & Dwight Co, Inc		553,782
	18,524		Clorox Co		1,129,964
	67,152		Colgate-Palmolive Co		5,516,537
	859	*	Cornerstone Therapeutics, Inc		5,240
	7,974	*	Cubist Pharmaceuticals, Inc		151,267
	1,050	*	Cumberland Pharmaceuticals, Inc		14,270
	8,112	*	Curis, Inc		26,364
	5,131	*	Cypress Bioscience, Inc		29,555
	6,394		Cytec Industries, Inc		232,869
	5,699	*	Cytokinetics, Inc		16,584
	3,908	*	Cytori Therapeutics, Inc		23,839
	15,446	*	Dendreon Corp		405,921
	22,234	*	Discovery Laboratories, Inc		13,974
	150,178		Dow Chemical Co		4,149,417
	121,978		Du Pont (E.I.) de Nemours & Co		4,106,998
	10,480	*	Durect Corp		25,886
	9,723		Eastman Chemical Co		585,714
	32,052		Ecolab, Inc		1,428,877
	136,813		Eli Lilly & Co		4,885,592
	3,346	*	Elizabeth Arden, Inc		48,316
	2,563	*	Emergent Biosolutions, Inc		34,831
	5,926	*	Enzon Pharmaceuticals, Inc		62,401
	15,045		Estee Lauder Cos (Class A)		727,576
	3,277	*	Facet Biotech Corp		57,610
	1,969	*	Female Health Co		9,313
	11,639		Ferro Corp		95,905
	9,846		FMC Corp		549,013
	40,885	*	Forest Laboratories, Inc		1,312,817
	36,565	*	Genzyme Corp		1,792,051
	11,068	*	Geron Corp		61,427
	122,389	*	Gilead Sciences, Inc		5,296,995
	3,264	*	GTx, Inc		13,709
	6,497		H.B. Fuller Co		147,807
	8,194	*	Halozyme Therapeutics, Inc		48,099
	1,153		Hawkins, Inc		25,170
	14,640	*	Hemispherx Biopharma, Inc		8,198
	1,040	*	Hi-Tech Pharmacal Co, Inc		29,172
	21,745	*	Hospira, Inc		1,108,995
	24,501	*	Human Genome Sciences, Inc		749,731
	21,937		Huntsman Corp		247,669
	3,187		ICO, Inc		23,297
	2,716	*	Idenix Pharmaceuticals, Inc		5,839
	2,334	*	Idera Pharmaceuticals, Inc		12,067
	7,988	*	Idexx Laboratories, Inc		426,879
	9,682	*	Immucor, Inc		195,964

103

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY		VALUE
	6,517	*	Immunogen, Inc	$	51,224
	7,933	*	Impax Laboratories, Inc		107,889
	2,604		Innophos Holdings, Inc		59,866
	3,103		Innospec, Inc		31,309
	8,043	*	Inspire Pharmaceuticals, Inc		44,397
	1,894		Inter Parfums, Inc		23,050
	4,993	*	InterMune, Inc		65,109
	10,665		International Flavors & Fragrances, Inc		438,758
	10,965	*	Inverness Medical Innovations, Inc		455,157
	23,672	*	Invitrogen Corp		1,236,389
	12,481	*	Javelin Pharmaceuticals, Inc		16,225
	371,266		Johnson & Johnson		23,913,242
	2,147		Kaiser Aluminum Corp		89,358
	33,208	*	King Pharmaceuticals, Inc		407,462
	2,659		Koppers Holdings, Inc		80,940
	4,385	*	KV Pharmaceutical Co (Class A)		16,093
	3,337	*	Landec Corp		20,823
	1,247	*	Lannett Co, Inc		7,370
	14,867	*	Ligand Pharmaceuticals, Inc (Class B)		32,261
	9,140		Lubrizol Corp		666,763
	1,410		Mannatech, Inc		4,399
	7,628	*	MannKind Corp		66,821
	1,008	*	MAP Pharmaceuticals, Inc		9,606
	4,541		Martek Biosciences Corp		86,007
	6,842	*	Medicines Co		57,062
	8,077		Medicis Pharmaceutical Corp (Class A)		218,483
	1,637	*	Medifast, Inc		50,059
	4,022	*	Medivation, Inc		151,428
	410,911		Merck & Co, Inc		15,014,687
	5,503		Meridian Bioscience, Inc		118,590
	7,436	*	Micromet, Inc		49,524
	2,431		Minerals Technologies, Inc		132,417
	2,680	*	Molecular Insight Pharmaceuticals, Inc		6,030
	5,245	*	Momenta Pharmaceuticals, Inc		66,139
	73,671		Monsanto Co		6,022,603
	21,323		Mosaic Co		1,273,623
	41,360	*	Mylan Laboratories, Inc		762,265
	3,069	*	Myriad Pharmaceuticals, Inc		15,437
	5,947	*	Nabi Biopharmaceuticals		29,140
	18,492		Nalco Holding Co		471,731
	1,874	*	Nanosphere, Inc		12,069
	7,293	*	NBTY, Inc		317,537
	4,035	*	Neurocrine Biosciences, Inc		10,975
	1,954	*	NeurogesX, Inc		15,065
	1,332		NewMarket Corp		152,874
	2,057		NL Industries, Inc		14,276
	9,347	*	Novavax, Inc		24,863
	5,344	*	NPS Pharmaceuticals, Inc		18,170
	1,366	*	Nutraceutical International Corp		16,897
	2,003	*	Obagi Medical Products, Inc		24,036
	10,431		Olin Corp		182,751
	3,948	*	OM Group, Inc		123,928

104

TIAA-CREF FUNDS - Equity Index Fund
SHARES			COMPANY	VALUE
	5,497	*	Omnova Solutions, Inc	$	33,697
	509	*	OncoGenex Pharmaceutical, Inc		11,341
	8,436	*	Onyx Pharmaceuticals, Inc		247,512
	5,848	*	Opko Health, Inc		10,702
	4,183	*	Optimer Pharmaceuticals, Inc		47,184
	6,133	*	OraSure Technologies, Inc		31,156
	4,654	*	Orexigen Therapeutics, Inc		34,626
	7,904	*	OSI Pharmaceuticals, Inc		245,261
	2,607	*	Osiris Therapeutics, Inc		18,614
	3,704	*	OXiGENE, Inc		4,223
	17,651	*	Pactiv Corp		426,095
	3,449	*	Pain Therapeutics, Inc		18,487
	5,145	*	Par Pharmaceutical Cos, Inc		139,224
	7,700	*	Parexel International Corp		108,570
	16,402		PDL BioPharma, Inc		112,518
	10,793		Perrigo Co		429,993
	3,274		PetMed Express, Inc		57,721
	1,086,103		Pfizer, Inc		19,756,213
	2,731	*	Pharmasset, Inc		56,532
	4,304	*	PharMerica Corp		68,348
	10,531	*	PolyOne Corp		78,667
	5,536	*	Poniard Pharmaceuticals, Inc		10,131
	4,262	*	Pozen, Inc		25,529
	22,298		PPG Industries, Inc		1,305,324
	41,523		Praxair, Inc		3,334,711
	3,726	*	Prestige Brands Holdings, Inc		29,286
	392,264		Procter & Gamble Co		23,782,965
	4,070	*	Progenics Pharmaceuticals, Inc		18,071
	5,355	*	Protalix BioTherapeutics, Inc		35,450
	8,633	*	Questcor Pharmaceuticals, Inc		41,007
	2,846	*	Quidel Corp		39,218
	1,147	*	Repros Therapeutics, Inc		914
	2,821	*	Revlon, Inc (Class A)		47,985
	6,389	*	Rockwood Holdings, Inc		150,525
	17,402		RPM International, Inc		353,783
	7,445	*	Salix Pharmaceuticals Ltd		189,103
	6,779	*	Santarus, Inc		31,319
	4,842	*	Sciclone Pharmaceuticals, Inc		11,282
	6,112		Scotts Miracle-Gro Co (Class A)		240,263
	6,735		Sensient Technologies Corp		177,131
	12,801		Sherwin-Williams Co		789,182
	3,337	*	SIGA Technologies, Inc		19,355
	16,537		Sigma-Aldrich Corp		835,615
	15,401	*	Solutia, Inc		195,593
	6,602	*	Spectrum Pharmaceuticals, Inc		29,313
	13,171	*	StemCells, Inc		16,595
	841		Stepan Co		54,505
	1,460	*	Sucampo Pharmaceuticals, Inc (Class A)		5,898
	7,560	*	SuperGen, Inc		19,807
	2,085	*	SurModics, Inc		47,246
	4,090	*	Synta Pharmaceuticals Corp		20,695
	7,069	*	Theravance, Inc		92,392

105

TIAA-CREF FUNDS - Equity Index Fund
SHARES			COMPANY	VALUE
	3,699	*	Ulta Salon Cosmetics & Fragrance, Inc	$	67,174
	6,240	*	Unifi, Inc		24,211
	6,340	*	United Therapeutics Corp		333,801
	769	*	USANA Health Sciences, Inc		24,531
	16,189	*	USEC, Inc		62,328
	9,266	*	Valeant Pharmaceuticals International		294,566