497 1 c53655_497.htm

COLLEGE RETIREMENT EQUITIES FUND
(CREF)

SUPPLEMENT NO. 1

dated May 23, 2008

to the May 1, 2008 Statement of Additional Information (SAI)

CHANGES TO TRUSTEE INFORMATION

The following information hereby replaces in its entirety the biographical information for Michael A. Forrester contained on page B-22 of the SAI:

 

 

 

 

 

 

 

 

Number of

 

 

 

 

 

 

Term of

 

Principal

 

Portfolios in

 

 

  Name,

 

Position(s)

 

Office and

 

Occupation(s)

 

Fund Complex

 

 

  Address and

 

Held with

 

Length of

 

During

 

Overseen by

 

Other Directorships

  Date of Birth

 

CREF

 

Time Served

 

Past 5 Years

 

Trustee

 

Held by Trustee

  Michael A. Forrester

 

Trustee

 

One-year term.

 

Chief Operating Officer

 

61

 

Member, Board of Directors of Copper Rock

  c/o Office of the

 

 

 

Trustee since

 

(since September 2007)

 

 

 

Capital Partners, LLC (investment adviser).

  Corporate Secretary

 

 

 

September 2007.

 

of Copper Rock Capital

 

 

 

 

  730 Third Avenue

 

 

 

 

 

Partners, LLC (investment

 

 

 

 

  New York, NY 10017-3206

 

 

 

 

 

adviser). Formerly, Chief

 

 

 

 

  DOB: 11/05/67

 

 

 

 

 

Operating Officer, DDJ

 

 

 

 

 

 

 

 

 

 

Capital Management

 

 

 

 

 

 

 

 

 

 

(2003-2006); and Executive

 

 

 

 

 

 

 

 

 

 

Vice President (2000-2002),

 

 

 

 

 

 

 

 

 

 

Senior Vice President

 

 

 

 

 

 

 

 

 

 

(1995-2000) and Vice

 

 

 

 

 

 

 

 

 

 

 President (1992-1995),

 

 

 

 

 

 

 

 

 

 

Fidelity Investments.

 

 

 

 

CHANGES TO CREF’S OFFICERS

Effective May 20, 2008, the Board of Trustees appointed William Mostyn as Vice President and Corporate Secretary of CREF. He replaces Marjorie Pierre-Merritt, who had held the position of Vice President and Acting Corporate Secretary. Ms. Pierre-Merritt will no longer serve as Vice President and Acting Corporate Secretary of CREF. Also, certain biographical information for Messrs. Evans, Martens and Van Dolsen has been updated. Accordingly, all references to Ms. Pierre-Merritt as Vice President and Acting Corporate Secretary should be removed from the list of officers on pages B-23 through B-24 in the SAI. Additionally, the following information should be added to and/or replace existing entries in the list of officers (as applicable):

  Name,

 

Position(s)

 

Term of Office

 

 

  Address and

 

Held with

 

and Length of

 

 

  Date of Birth

 

CREF

 

Time Served

 

Principal Occupation(s) During Past 5 Years

  Scott E. Evans

 

Executive Vice

 

One-year term.

 

Executive Vice President (since 1999) and Head of Asset Management

  TIAA-CREF

 

President

 

Executive Vice

 

(since 2006) of TIAA, CREF and TIAA Separate Account VA-1. President

  730 Third Avenue

 

and Head

 

President since

 

and Principal Executive Officer of the TIAA-CREF Institutional Mutual Funds

  New York, NY 10017-3206

 

of Asset

 

1998 and

 

and the TIAA-CREF Life Funds (since 2007). Director of TPIS (since

  DOB: 5/11/59

 

Management

 

Head of Asset

 

2006) and Advisors (since 2004). President and Chief Executive Officer

 

 

 

 

Management

 

of TCIM and Advisors and Manager of TCIM (since 2004). Formerly, Man-

 

 

 

 

since 2006.

 

ager of TIAA Realty Capital Management, LLC (2004-2006), and Chief

 

 

 

 

 

 

Investment Officer of TIAA (2004-2006) and the TIAA-CREF Fund Com-

 

 

 

 

 

 

plex (2003-2006); and Executive Vice President and Head of Asset Man-

 

 

 

 

 

 

agement of the TIAA-CREF Institutional Mutual Funds and the TIAA-CREF

 

 

 

 

 

 

Life Funds (2006-2007).

  Erwin W. Martens

 

Executive

 

One-year term.

 

Executive Vice President, Risk Management, of TIAA and the TIAA-CREF

  TIAA-CREF

 

Vice President

 

Executive Vice

 

Fund Complex (since 2003). Director of Advisors (since 2004) and TPIS

  730 Third Avenue

 

 

 

President since

 

(since 2003) and Manager of TCIM (since 2004). Formerly, Managing

  New York, NY 10017-3206

 

 

 

2003.

 

Director and Chief Risk Officer, Putnam Investments (1999-2003); and

  DOB: 3/8/56

 

 

 

 

 

Head and Deputy Head of Global Market Risk Management, Lehman

 

 

 

 

 

 

Brothers (1997-1999).



  Name,

 

Position(s)

 

Term of Office

 

 

  Address and

 

Held with

 

and Length of

 

 

  Date of Birth

 

CREF

 

Time Served

 

Principal Occupation(s) During Past 5 Years

  William Mostyn

 

Vice President

 

One-year term.

 

Vice President and Corporate Secretary of TIAA and the TIAA-CREF Fund

  TIAA-CREF

 

and Corporate

 

Vice President

 

Complex (since May 2008). Formerly, Deputy General Counsel and Cor-

  730 Third Avenue

 

Secretary

 

and Corporate

 

porate Secretary, Bank of America (2005-2008); and Deputy General

  New York, NY 10017-3206

 

 

 

Secretary since

 

Counsel, Secretary and Corporate Governance Officer, The Gillette Com-

  DOB: 1/18/48

 

 

 

May 2008.

 

pany (2000-2005).

  Edward D. Van Dolsen

 

Executive

 

One-year term.

 

Executive Vice President, Institutional Client Services (since 2006). Direc-

  TIAA-CREF

 

Vice President

 

Executive Vice

 

tor of Tuition Financing and Manager of Services (since 2006). President

  730 Third Avenue

 

 

 

President since

 

and CEO, TIAA-CREF Redwood, LLC (since 2006). Formerly, Senior Vice

  New York, NY 10017-3206

 

 

 

2006.

 

President, Pension Products (2003-2006) and Vice President, Support

  DOB: 4/21/58

 

 

 

 

 

Services (1998-2003), of TIAA and the TIAA-CREF Fund Complex.

EQUITY OWNERSHIP OF TRUSTEES

The chart that includes information relating to equity securities that are beneficially owned by CREF trustees on page B-25 of the SAI is hereby replaced in its entirety to read as follows:

DISINTERESTED TRUSTEES

 

 
 

 

 

Dollar Range of

 

Aggregate Dollar Range of Securities in All Registered Investment

  Name of Trustee

 

Securities in CREF

 

Companies Overseen by Trustee in the TIAA-CREF Fund Complex

  Forrest Berkley

 

Money Market Account – $1 – 10,000

 

 

 

 

Bond Market Account – $50,001 – $100,000

 

 

 

 

Growth Account – $50,001 – $100,000

 

Over $100,000

  Nancy A. Eckl

 

Stock Account – $10,001 – $50,000

 

 

 

 

Global Equities Account – $10,001 – $50,000

 

$50,001 – $100,000

  Eugene Flood, Jr.

 

None

 

Over $100,000

  Michael A. Forrester

 

Money Market Account – $10,001 – $50,000

 

$10,001 – $50,000

  Howell E. Jackson

 

Stock Account – Over $100,000

 

 

 

 

Social Choice Account – $10,001 – $50,000

 

 

 

 

Bond Market Account – $50,001 – $100,000

 

 

 

 

Global Equities Account – Over $100,000

 

 

 

 

Equity Index Account – $10,001 – $50,000

 

Over $100,000

  Nancy L. Jacob

 

Stock Account – Over $100,000

 

Over $100,000

  Bridget A. Macaskill

 

None

 

Over $100,000

  James M. Poterba

 

Stock Account – $100,000

 

 

 

 

Global Equities Account – Over $100,000

 

 

 

 

Equity Index Account – $50,001 – $100,000

 

Over $100,000

  Maceo K. Sloan

 

Stock Account – Over $100,000

 

 

 

 

Social Choice Account – $10,001 – $50,000

 

 

 

 

Global Equity Account – $10,001 – $50,000

 

 

 

 

Growth Account – $10,001 – $50,000

 

 

 

 

Equity Index Account – $10,001 – $50,000

 

Over $100,000

  Laura T. Starks

 

Stock Account – Over $100,000

 

 

 

 

Money Market Account – $10,001 – $100,000

 

Over $100,000

TRUST NAME CHANGE

Effective October 25, 2008, the TIAA-CREF Institutional Mutual Funds will remove the terms “Institutional” and “Mutual” from its name. Accordingly, at that time, all references throughout the SAI to the term “TIAA-CREF Institutional Mutual Funds” will be replaced in their entirety to read as follows:
“TIAA-CREF Funds.”

A11626 (5/08)