N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-04415

COLLEGE RETIREMENT EQUITIES FUND

(Exact name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206

(Address of Principal Executive Offices) (Zip code)

Rachael M. Zufall, Esq.

c/o TIAA-CREF

8500 Andrew Carnegie Blvd.

Charlotte, North Carolina 28262-8500

(Name and address of agent for service)

Registrant’s telephone number, including area code: 704-595-1000

Date of fiscal year end: December 31

Date of reporting period: March 31, 2014

Item 1. Schedule of Investments.

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
BONDS - 0.0%
CORPORATE BONDS - 0.0%
CAPITAL GOODS - 0.0%
$	31,135	j,m	PDG Realty S.A. Empreendimentos e Participacoes		0.000	%	09/19/16	$	0	^
			TOTAL CAPITAL GOODS						0	^
FOOD, BEVERAGE & TOBACCO - 0.0%
	800	m	Marfrig Global Foods S.A.		1.000		07/15/15		36
			TOTAL FOOD, BEVERAGE & TOBACCO						36
REAL ESTATE - 0.0%
	22,147		Kiwi Income Property Trust		8.950		12/20/14		19
			TOTAL REAL ESTATE						19
			TOTAL CORPORATE BONDS						55
			(Cost $70)
GOVERNMENT BONDS - 0.0%
U.S. TREASURY SECURITIES - 0.0%
	300,000		United States Treasury Note		1.750		05/15/22		283
			TOTAL U.S. TREASURY SECURITIES						283
			TOTAL GOVERNMENT BONDS						283
			(Cost $303)
			TOTAL BONDS						338
			(Cost $373)
EQUITY LINKED NOTES - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
	1,064,698	*	Deutsche Bank, John Keells		0.000		07/05/19		1,848
			TOTAL DIVERSIFIED FINANCIALS						1,848
			TOTAL EQUITY LINKED NOTES						1,848
			(Cost $1,904)

1

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 2.3%
	104,085		Actron Technology Corp	$	459
	25,400		Aisan Industry Co Ltd		194
	647,355		Aisin Seiki Co Ltd		23,367
	573,400	e	Akebono Brake Industry Co Ltd		2,563
	100,247		Allison Transmission Holdings, Inc		3,001
	649,980	*	American Axle & Manufacturing Holdings, Inc		12,038
	211,675		Amtek Auto Ltd		565
	404,706		Amtek India Ltd		574
	765,335		Apollo Tyres Ltd		2,051
	62,397	e	ARB Corp Ltd		697
	17,561		AtlasBX Co Ltd		670
	142,332	e	Autoliv, Inc		14,283
	71,600		Autometal S.A.		508
	10,193		Autoneum Holding AG.		2,346
	131,117		Bajaj Holdings and Investment Ltd		4,577
	251,449		Bayerische Motoren Werke AG.		31,775
	2,669		Bayerische Motoren Werke AG. (Preference)		252
	777,929		Bharat Forge Ltd		5,508
	460,546		BorgWarner, Inc		28,310
	101,376		Brembo S.p.A.		3,838
	1,013,138		Bridgestone Corp		35,906
	3,795,900		Brilliance China Automotive Holdings Ltd		5,807
	581,000	*,e	Byd Co Ltd		3,604
	711,000		Calsonic Kansei Corp		3,297
	2,112,000	e	Chaowei Power Holdings Ltd		861
	2,373,734		Cheng Shin Rubber Industry Co Ltd		6,787
	373,100		China Motor Corp		334
	1,082,662		Chongqing Changan Automobile Co Ltd		1,798
	89,199	e	Cie Automotive S.A.		1,057
	179,590		Compagnie Plastic-Omnium S.A.		6,659
	289,243		Continental AG.		69,366
	234,453		Cooper Tire & Rubber Co		5,697
	57,080		Dae Won Kang Up Co Ltd		353
	28,000		Daido Metal Co Ltd		294
	218,304		Daihatsu Motor Co Ltd		3,855
	1,864,895		Daimler AG. (Registered)		176,417
	818,241		Dana Holding Corp		19,040
	4,187,290		Delphi Automotive plc		284,150
	925,925		Denso Corp		44,404
	396,000		Depo Auto Parts Ind Co Ltd		1,544
	5,760		Dong Ah Tire & Rubber Co Ltd		105
	3,563,300		Dongfeng Motor Group Co Ltd		5,054
	43,800		Dongyang Mechatronics Corp		423
	79,691		Dorman Products, Inc		4,707
	499,900		Double Coin Holdings Ltd		347
	1,038,300		Drb-Hicom BHD		786
	154,442		Drew Industries, Inc		8,371
	27,000		Eagle Industry Co Ltd		417
	37,221		ElringKlinger AG.		1,468

2

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	44,182		Exedy Corp	$	1,236
	496,347	*,e	Faurecia		20,965
	111,700		FCC Co Ltd		1,989
	886,945		Federal Corp		677
	89,741	*	Federal Mogul Corp (Class A)		1,679
	540,770	*	Fiat S.p.A.		6,304
	4,351,208		Ford Motor Co		67,879
	66,629		Ford Otomotiv Sanayi AS		680
	25,819	*	Fox Factory Holding Corp		488
	51,413	*	Fuel Systems Solutions, Inc		553
	855,853		Fuji Heavy Industries Ltd		23,176
	67,797	*	Futaba Industrial Co Ltd		295
	6,073,900	e	Geely Automobile Holdings Ltd		2,395
	722,689	*,e,m	General Motors Co		0	^
	9,522,255		General Motors Co		327,756
	35,983,677	*,m	General Motors Co		0	^
	40,684,487	*,m	General Motors Co		0	^
	26,439,191	*,m	General Motors Co		0	^
	24,057,000	*,m	General Motors Co		0	^
	4,230,271	*,e,m	General Motors Co		0	^
	6,062,000	*,m	General Motors Co		0	^
	18,507,434	*,m	General Motors Co		0	^
	85,268,000	*,e,m	General Motors Co		0	^
	7,950,000	*,m	General Motors Co		0	^
	777,425		Gentex Corp		24,512
	103,117	*	Gentherm, Inc		3,580
	3,601,533		GKN plc		23,467
	9,064		Global & Yuasa Battery Co Ltd		421
	4,267		Goodyear Lastikleri Turk AS.		107
	1,100,013		Goodyear Tire & Rubber Co		28,743
	35,364		Grammer AG.		1,731
	3,366,800	e	Great Wall Motor Co Ltd		16,962
	20,000		G-Tekt Corp		248
	2,875,066		Guangzhou Automobile Group Co Ltd		3,031
	122,050		Halla Climate Control Corp		5,591
	19,290		Hanil E-Wha Co Ltd		376
	78,337		Hankook Tire Co Ltd		4,458
	413,672		Harley-Davidson, Inc		27,555
	103,060		Hero Honda Motors Ltd		3,930
	1,644,197		Honda Motor Co Ltd		57,854
	1,595,140		Hota Industrial Manufacturing Co Ltd		2,795
	79,199		Hu Lane Associate, Inc		247
	21,260		Hwa Shin Co Ltd		247
	95,904		Hyundai Mobis		28,455
	333,818		Hyundai Motor Co		78,932
	44,906		Hyundai Motor Co Ltd (2nd Preference)		6,421
	38,144		Hyundai Motor Co Ltd (Preference)		4,879
	16,267		Hyundai Wia Corp		2,622
	46,900		Icahn Enterprises LP		4,818
	250,133	*	IMMSI S.p.A.		238
	1,065,792		Isuzu Motors Ltd		6,120
	1,811,463		Johnson Controls, Inc		85,718

3

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	184,896		Kayaba Industry Co Ltd	$	781
	232,303		Keihin Corp		3,391
	1,125,128		Kenda Rubber Industrial Co Ltd		2,690
	653,004		Kia Motors Corp		36,491
	66,000		Kinugawa Rubber Industrial Co Ltd		274
	110,989		Koito Manufacturing Co Ltd		1,882
	134,810	*	Kumho Tire Co, Inc		1,692
	679,310		Lear Corp		56,872
	40,554		Leoni AG.		2,966
	103,830		Linamar Corp		4,790
	101,500		Magna International, Inc - Class A (NY)		9,775
	480,797		Magna International, Inc (Class A)		46,223
	410,771		Mahindra & Mahindra Ltd		6,756
	136,700		Mahle-Metal Leve S.A. Industria e Comercio		1,434
	47,265		Mando Corp		6,015
	104,582		Martinrea International, Inc		943
	15,201,142	*	Mazda Motor Corp		67,533
	160,194		Metair Investments Ltd		650
	435,872		Michelin (C.G.D.E.) (Class B)		54,490
	1,272,000		Minth Group Ltd		2,598
	36,400		Mitsuba Corp		596
	757,096		Mitsubishi Motors Corp		7,907
	178,903	*	Modine Manufacturing Co		2,621
	28,051		Montupet		2,273
	558,056		Motherson Sumi Systems Ltd		2,390
	37,940		Motonic Corp		392
	5,745		MRF Ltd		2,097
	26,000	e	Musashi Seimitsu Industry Co Ltd		536
	387,948		Nan Kang Rubber Tire Co Ltd		472
	1,317		Nexen Corp		98
	41,427		Nexen Tire Corp		526
	205,724		NGK Spark Plug Co Ltd		4,623
	431,954		NHK Spring Co Ltd		4,017
	99,451		Nifco, Inc		2,812
	46,000		Nippon Seiki Co Ltd		786
	3,586,504		Nissan Motor Co Ltd		31,968
	102,941		Nissan Shatai Co Ltd		1,726
	66,600		Nissin Kogyo Co Ltd		1,241
	210,935		NOK Corp		3,433
	14,206	e	Nokian Renkaat Oyj		575
	52,800	*	Norstar Founders Group Ltd		3
	13,594		Otokar Otobus Karoseri Sanayi AS		349
	84,100		Pacific Industrial Co Ltd		564
	319,689	*,e	Peugeot S.A.		6,022
	180,127	e	Piaggio & C S.p.A.		645
	8,800		Piolax Inc		321
	53,844		Pirelli & C S.p.A.		847
	55,774		Porsche AG.		5,734
	126,000		Press Kogyo Co Ltd		458
	22,624,600		PT Astra International Tbk		14,799
	4,602,500		PT Gajah Tunggal Tbk		867
	17,963		Pyeong Hwa Automotive Co Ltd		373

4

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	9,162,000		Qingling Motors Co Ltd	$	2,788
	54,725		Remy International, Inc		1,293
	1,209,316		Renault S.A.		117,466
	109,000		Riken Corp		441
	32,780		S&T Daewoo Co Ltd		829
	119,053	*	SAF-Holland S.A.		1,853
	180,000	e	Sanden Corp		804
	27,700		Sanoh Industrial Co Ltd		174
	777,920		Sanyang Industry Co Ltd		1,292
	29,010		Sejong Industrial Co Ltd		466
	24,433		Shiloh Industries, Inc		433
	111,000		Showa Corp		1,218
	41,230		SL Corp		740
	7,139	*	Societe Fonciere Financiere et de Participations FFP		466
	148,468		Sogefi S.p.A.		970
	1,054,625		Somboon Advance Technology PCL		520
	129,503		Spartan Motors, Inc		666
	1,939,500		Sri Trang Agro-Industry PCL (Foreign)		916
	48,450	*	Ssangyong Motor Co		399
	86,142		Standard Motor Products, Inc		3,081
	242,653		Stanley Electric Co Ltd		5,385
	152,619	*	Stoneridge, Inc		1,714
	429,321		Sumitomo Rubber Industries, Inc		5,461
	26,745		Sungwoo Hitech Co Ltd		426
	108,615		Superior Industries International, Inc		2,226
	233,719		Suzuki Motor Corp		6,094
	2,326,653		T RAD Co Ltd		6,581
	24,000		Tachi-S Co Ltd		394
	15,400		Taiho Kogyo Co Ltd		146
	42,300	*	Takata Corp		1,061
	247,400		TAN Chong Motor Holdings BHD		419
	2,129,460		Tata Motors Ltd		14,389
	22,200		Teikoku Piston Ring Co Ltd		338
	420,740	*	Tenneco, Inc		24,432
	146,798	*,e,z	Tesla Motors, Inc		30,600
	138,100		Thai Stanley Electric PCL (ADR)		864
	44,213		Thor Industries, Inc		2,700
	2,750,000		Tianneng Power International Ltd		930
	293,306		Tofas Turk Otomobil Fabrik		1,666
	213,163		Tokai Rika Co Ltd		3,582
	40,600		Tokai Rubber Industries, Inc		416
	617,699		Tong Yang Industry Co Ltd		903
	42,500		Topre Corp		454
	111,880	*	Tower International, Inc		3,045
	314,000		Toyo Tire & Rubber Co Ltd		2,226
	102,177		Toyoda Gosei Co Ltd		1,956
	48,644	e	Toyota Boshoku Corp		492
	165,021		Toyota Industries Corp		7,931
	6,443,237		Toyota Motor Corp		363,359
	303,714	*	TRW Automotive Holdings Corp		24,789
	120,600		TS Tech Co Ltd		3,651
	14,700		Tube Investments Of India		44

5

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	155,089		Tung Thih Electronic Co Ltd	$	546
	574,066		TVS Motor Co Ltd		933
	528,482		UMW Holdings BHD		1,779
	50,200		Unipres Corp		904
	342,832		Valeo S.A.		48,282
	121,275	*	Visteon Corp		10,726
	146,248		Volkswagen AG.		37,104
	125,478		Volkswagen AG. (Preference)		32,536
	127,443	*	Winnebago Industries, Inc		3,491
	1,285,400	*,e	Xinchen China Power Holdings Ltd		798
	1,112,000		Xingda International Holdings Ltd		557
	2,158,785	e	Xinyi Glass Holdings Co Ltd		1,761
	262,110		Yamaha Motor Co Ltd		4,182
	1,030,000		Yokohama Rubber Co Ltd		9,687
	247,300		Yorozu Corp		4,063
	804,558		Yulon Motor Co Ltd		1,332
			TOTAL AUTOMOBILES & COMPONENTS		2,935,101
	BANKS - 7.9%
	57,124		1st Source Corp		1,833
	115,513		1st United Bancorp, Inc		885
	714,030		77 Bank Ltd		3,207
	145,732	*	Aareal Bank AG.		6,419
	26,182		Access National Corp		424
	58,217,000		Agricultural Bank of China		25,450
	8,600		Aichi Bank Ltd		444
	2,225,554		Akbank TAS		7,073
	590,880	*	Albaraka Turk Katilim Bankasi AS		423
	122,002	*	Alior Bank S.A.		3,542
	313,883		Allahabad Bank		479
	1,003,400		Alliance Financial Group BHD		1,356
	1,843,055	*	Alpha Bank S.A.		1,809
	315,270	*,m	Amagerbanken AS		0	^
	31,218		American National Bankshares, Inc		734
	90,762	*	Ameris Bancorp		2,115
	35,465	e	Ames National Corp		782
	2,957,605		AMMB Holdings BHD		6,507
	180,854		Andhra Bank		194
	11,489,576		Aozora Bank Ltd		32,713
	121,880		Apollo Residential Mortgage		1,978
	43,733	e	Arrow Financial Corp		1,156
	79,669		Associated Banc-Corp		1,439
	335,516		Astoria Financial Corp		4,637
	514,415	*	Asya Katilim Bankasi AS		339
	3,548,952		Australia & New Zealand Banking Group Ltd		109,176
	409,721		Awa Bank Ltd		2,179
	58,882	e	Banc of California, Inc		722
	2,092,294	*,e	Banca Carige S.p.A.		1,802
	12,733,719		Banca Intesa S.p.A.		43,208
	1,464,024	*	Banca Monte dei Paschi di Siena S.p.A.		536
	433,288	*	Banca Popolare dell’Emilia Romagna Scrl		5,464
	3,270,527	*,e	Banca Popolare di Milano		3,294

6

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	413,832	e	Banca Popolare di Sondrio SCARL	$	2,812
	30,813	e	Bancfirst Corp		1,745
	1,099,351		Banche Popolari Unite Scpa		10,372
	66,697		Banco ABC Brasil S.A.		372
	1,797	*	Banco ABC Brasil S.A. (ADR)		10
	2,344,171		Banco Bilbao Vizcaya Argentaria S.A.		28,187
	1,326,904	*,e	Banco BPI S.A.		3,473
	783,360		Banco Bradesco S.A.		11,604
	3,203,586		Banco Bradesco S.A. (Preference)		44,037
	18,794,837	*	Banco Comercial Portugues S.A.		5,875
	91,435		Banco Davivienda S.A.		1,181
	43,500		Banco Daycoval S.A.		173
	54,484,878		Banco de Chile		6,856
	61,767		Banco de Credito e Inversiones		3,551
	4,050,942		Banco de Oro Universal Bank		7,694
	551,378		Banco de Sabadell S.A.		1,705
	1,205,822		Banco do Brasil S.A.		12,117
	280,581		Banco do Estado do Rio Grande do Sul		1,622
	14,419,925	*,e	Banco Espirito Santo S.A.		27,004
	58,300		Banco Industrial e Comercial S.A.		204
	4,757,220		Banco Itau Holding Financeira S.A.		71,075
	110,181		Banco Latinoamericano de Exportaciones S.A. (Class E)		2,910
	114,800	*	Banco Panamericano S.A.		190
	27,907		Banco Pine S.A.		107
	544,124	*,e	Banco Popolare SC		11,856
	913,374		Banco Popular Espanol S.A.		6,906
	1,462,344		Banco Santander Brasil S.A.		8,101
	4,695,235		Banco Santander Central Hispano S.A.		44,821
	133,742,772		Banco Santander Chile S.A.		7,829
	334,020		BanColombia S.A.		4,563
	855,710		BanColombia S.A. (Preference)		11,907
	362,683		Bancorpsouth, Inc		9,053
	95,000		Bangkok Bank PCL		524
	655,700		Bangkok Bank PCL (ADR)		3,615
	1,333,700		Bangkok Bank PCL (Foreign)		7,393
	65,732		Bank Handlowy w Warszawie S.A.		2,474
	876,045		Bank Hapoalim Ltd		5,001
	625,747	*	Bank Leumi Le-Israel		2,442
	876,235	*	Bank Millennium S.A.		2,597
	180,152		Bank Mutual Corp		1,142
	44,680,388	z	Bank of America Corp		768,503
	166,348		Bank of Baroda		2,013
	133,319,000		Bank of China Ltd		59,230
	21,328,472		Bank of Communications Co Ltd		13,974
	4,349,184	*,m	Bank of Cyprus Public Co Ltd		60
	2,405,150		Bank of East Asia Ltd		9,418
	94,305		Bank of Georgia Holdings plc		3,923
	56,802	e	Bank of Hawaii Corp		3,443
	4,659		Bank of India		18
	26,984,896	*	Bank of Ireland		11,492
	17,500	e	Bank of Iwate Ltd		846
	794,226		Bank of Kaohsiung		251

7

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	26,278		Bank of Kentucky Financial Corp	$	986
	419,505		Bank of Kyoto Ltd		3,458
	25,581	e	Bank of Marin Bancorp		1,152
	1,166,420	e	Bank of Montreal (Toronto)		78,036
	202,000		Bank of Nagoya Ltd		788
	1,839,977	e	Bank of Nova Scotia		106,571
	24,000		Bank of Okinawa Ltd		1,013
	328,985		Bank of Queensland Ltd		3,931
	169,541		Bank of Saga Ltd		368
	104,769		Bank of the Ozarks, Inc		7,131
	1,086,578		Bank of the Philippine Islands		2,083
	211,900		Bank of the Ryukyus Ltd		2,817
	1,430,763		Bank of Yokohama Ltd		7,137
	158,538		Bank Pekao S.A.		10,320
	31,187,800		Bank Rakyat Indonesia		26,515
	31,979		Bank Zachodni WBK S.A.		4,369
	81,474		BankFinancial Corp		813
	313,990	*	Bankia S.A.		664
	1,225,839		Bankinter S.A.		9,870
	625,451		BankUnited		21,747
	75,801		Banner Corp		3,124
	3,991		Banque Cantonale Vaudoise		2,329
	428,800	e	Banregio Grupo Financiero SAB de C.V.		2,485
	15,681		Bar Harbor Bankshares		601
	505,911	e	Barclays Africa Group Ltd		7,165
	43,705,458		Barclays plc		170,079
	863,014		BB&T Corp		34,667
	306,728		BBCN Bancorp, Inc		5,257
	25,082	*	BBX Capital Corp		488
	308,650		Bendigo Bank Ltd		3,261
	139,271	*	Beneficial Mutual Bancorp, Inc		1,837
	106,912		Berkshire Hills Bancorp, Inc		2,767
	657,060		BIMB Holdings BHD		873
	71,493	e	BNC Bancorp		1,239
	2,908,775		BNP Paribas		224,264
	6,124,037	e	BOC Hong Kong Holdings Ltd		17,487
	38,138	*	BofI Holding, Inc		3,270
	25,298		BOK Financial Corp		1,747
	313,041		Boston Private Financial Holdings, Inc		4,235
	15,457		BRE Bank S.A.		2,758
	39,126		Bridge Bancorp, Inc		1,045
	37,018	*	Bridge Capital Holdings		880
	269,322		Brookline Bancorp, Inc		2,537
	52,327		Bryn Mawr Bank Corp		1,503
	478,127		BS Financial Group		6,784
	5,937,613		Bumiputra-Commerce Holdings BHD		13,018
	13,612		C&F Financial Corp		451
	7,454,446		CaixaBank, S.A.		47,985
	30,066		Camden National Corp		1,239
	906,427	e	Canadian Imperial Bank of Commerce/Canada		78,098
	103,576	e	Canadian Western Bank		3,486
	3,601		Canara Bank		16
	89,231	*	Capital Bank Financial Corp		2,241

8

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	46,791		Capital City Bank Group, Inc	$	621
	564,876		CapitalSource, Inc		8,242
	606,002		Capitol Federal Financial		7,605
	137,764		Cardinal Financial Corp		2,456
	14,093	*,e	Cascade Bancorp		79
	300,567		Cathay General Bancorp		7,571
	47,692	e	Center Bancorp, Inc		906
	112,316		Centerstate Banks of Florida, Inc		1,226
	200,000		Central Bank Of India		167
	82,208		Central Pacific Financial Corp		1,661
	14,233		Century Bancorp, Inc		485
	5,409,559		Chang Hwa Commercial Bank		3,210
	92,325		Charter Financial Corp		998
	108,288		Chemical Financial Corp		3,514
	13,340	e	Chemung Financial Corp		362
	763,189		Chiba Bank Ltd		4,698
	39,000	*	Chiba Kogyo Bank Ltd		270
	11,444,000	e	China Citic Bank		6,610
	114,383,791		China Construction Bank		80,291
	15,859,770		China Development Financial Holding Corp		4,546
	9,463,622		China Merchants Bank Co Ltd		17,215
	12,969,600	e	China Minsheng Banking Corp Ltd		13,037
	33,113,705		Chinatrust Financial Holding Co		20,745
	11,433,500	e	Chongqing Rural Commercial Bank		5,026
	53,728		Chugoku Bank Ltd		716
	652,658		CIT Group, Inc		31,993
	12,650,654	z	Citigroup, Inc		602,171
	47,483	e	Citizens & Northern Corp		936
	61,041	e	City Holding Co		2,738
	62,030		City National Corp		4,883
	37,943		Clifton Savings Bancorp, Inc		445
	49,490		CNB Financial Corp		875
	136,379		CoBiz, Inc		1,571
	197,686		Columbia Banking System, Inc		5,638
	75,619		Comdirect Bank AG.		903
	290,440		Comerica, Inc		15,045
	98,342		Commerce Bancshares, Inc		4,565
	1,813,229		Commercial International Bank		9,283
	798,853	*	Commerzbank AG.		14,694
	1,389,443		Commonwealth Bank of Australia		100,025
	154,247	e	Community Bank System, Inc		6,019
	54,306		Community Trust Bancorp, Inc		2,253
	32,798	*,e	CommunityOne Bancorp		368
	5,405	*,e	ConnectOne Bancorp, Inc		265
	20,000		Corp Bank		93
	164,135,124		CorpBanca S.A.		1,930
	107,374		Credicorp Ltd (NY)		14,809
	1,809,603	*	Credit Agricole S.A.		28,520
	216,497		Credito Emiliano S.p.A.		2,156
	35,891	*	CU Bancorp		660
	66,353	e	Cullen/Frost Bankers, Inc		5,144

9

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	92,823	*	Customers Bancorp, Inc	$	1,937
	355,963		CVB Financial Corp		5,660
	1,128,782	e	Dah Sing Banking Group Ltd		1,781
	315,456	e	Dah Sing Financial Holdings Ltd		1,484
	603,000		Daishi Bank Ltd		2,212
	868,355		Danske Bank AS		24,162
	2,358,803		DBS Group Holdings Ltd		30,391
	4,022,608	*	Development Credit Bank Ltd		4,132
	77,445		Dewan Housing Finance Corp Ltd		284
	149,810		DGB Financial Group Co Ltd		2,172
	1,940,892	*	Dhanalakshmi Bank Ltd		1,174
	131,401		Dime Community Bancshares		2,231
	1,663,420		DNB NOR Holding ASA		28,904
	28,056	*,e	Doral Financial Corp		244
	5,426,154		E.Sun Financial Holding Co Ltd		3,274
	99,618	*	Eagle Bancorp, Inc		3,596
	1,083,437		East West Bancorp, Inc		39,545
	410,000	*	EastWest Banking Corp		262
	327,000		Eighteenth Bank Ltd		717
	27,603		Enterprise Bancorp, Inc		561
	72,480		Enterprise Financial Services Corp		1,455
	582,866		Erste Bank der Oesterreichischen Sparkassen AG.		19,940
	49,778		ESB Financial Corp		651
	31,234		ESSA Bancorp, Inc		340
	810,539	*,e	Essent Group Ltd		18,205
	387,909		EverBank Financial Corp		7,653
	2,238,566		Far Eastern International Bank		795
	30,775	*	Farmers Capital Bank Corp		691
	37,869		Federal Agricultural Mortgage Corp (Class C)		1,259
	1,800,000		Federal Bank Ltd		2,889
	54,804		Fidelity Southern Corp		766
	5,266,565		Fifth Third Bancorp		120,868
	54,639	e	Financial Institutions, Inc		1,258
	75,851		First Bancorp (NC)		1,441
	291,923	*,e	First Bancorp (Puerto Rico)		1,588
	34,712		First Bancorp, Inc		566
	283,888		First Busey Corp		1,647
	3,282		First Citizens Bancshares, Inc (Class A)		790
	389,535		First Commonwealth Financial Corp		3,521
	72,055		First Community Bancshares, Inc		1,179
	66,346		First Connecticut Bancorp		1,039
	39,367		First Defiance Financial Corp		1,068
	9,104	*,e	First Federal Bancshares of Arkansas, Inc		83
	223,539		First Financial Bancorp		4,019
	107,501	e	First Financial Bankshares, Inc		6,642
	43,505		First Financial Corp		1,465
	8,016,427		First Financial Holding Co Ltd		4,771
	89,484		First Financial Holdings, Inc		5,603
	68,799		First Financial Northwest, Inc		698
	760,957		First Gulf Bank PJSC		3,378
	116,707		First Horizon National Corp		1,440
	21,640		First International Bank Of Israel Ltd		358

10

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	68,161		First Interstate Bancsystem, Inc	$	1,923
	127,605		First Merchants Corp		2,761
	288,614		First Midwest Bancorp, Inc		4,930
	25,288	*	First NBC Bank Holding Co		882
	170,878		First Niagara Financial Group, Inc		1,615
	31,306		First of Long Island Corp		1,271
	292,422		First Republic Bank		15,788
	254,449	*,e	First Security Group, Inc		529
	632,650		FirstMerit Corp		13,178
	83,159	*	Flagstar Bancorp, Inc		1,848
	129,874		Flushing Financial Corp		2,736
	580,899		FNB Corp		7,784
	49,319		Fox Chase Bancorp, Inc		831
	41,469	e	Franklin Financial Corp		811
	1,871,540		Fukuoka Financial Group, Inc		7,688
	125,007		Fulton Financial Corp		1,573
	107,040	e	Genworth MI Canada, Inc		3,652
	50,398	e	German American Bancorp, Inc		1,456
	1,359,147	*	Get Bank S.A.		1,435
	695,591		Getin Holding S.A.		749
	281,123		Glacier Bancorp, Inc		8,172
	41,338		Great Southern Bancorp, Inc		1,241
	30,620		Gruh Finance Ltd		151
	1,332,333		Grupo Aval Acciones y Valores		882
	4,188,089		Grupo Financiero Banorte S.A. de C.V.		28,175
	5,641,832		Grupo Financiero Inbursa S.A.		14,520
	4,204,000	e	Grupo Financiero Santander Mexico SAB de C.V.		10,301
	59,729		Guaranty Bancorp		851
	396,218		Gunma Bank Ltd		2,155
	357,116		Hachijuni Bank Ltd		2,029
	123,689	*,e	Hampton Roads Bankshares, Inc		197
	335,013		Hana Financial Group, Inc		12,281
	323,185		Hancock Holding Co		11,845
	1,957,588		Hang Seng Bank Ltd		31,229
	120,187		Hanmi Financial Corp		2,800
	1,707,208		HDFC Bank Ltd		21,538
	56,318	e	Heartland Financial USA, Inc		1,520
	85,722		Heritage Commerce Corp		691
	60,345	e	Heritage Financial Corp		1,021
	77,469	*	Heritage Oaks Bancorp		626
	169,000		Higashi-Nippon Bank Ltd		416
	189,331		Higo Bank Ltd		1,009
	4,389		Hingham Institution for Savings		345
	74,809		Hiroshima Bank Ltd		312
	590,000		Hokkoku Bank Ltd		2,064
	507,000		Hokuetsu Bank Ltd		1,060
	173,000		Hokuhoku Financial Group, Inc		332
	27,209	*	Home Bancorp, Inc		571
	166,891		Home Bancshares, Inc		5,744
	155,848	e	Home Capital Group, Inc		6,295
	59,255		Home Federal Bancorp, Inc		922
	269,059	e	Home Loan Servicing Solutions Ltd		5,812

11

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	55,524	e	HomeStreet, Inc	$	1,085
	83,196	*	HomeTrust Bancshares, Inc		1,313
	538,240		Hong Leong Bank BHD		2,332
	123,112		Hong Leong Credit BHD		592
	32,850		Horizon Bancorp		732
	2,155,124		Housing Development Finance Corp		31,938
	20,222,177		HSBC Holdings plc		204,758
	6,177,596		Hua Nan Financial Holdings Co Ltd		3,504
	257,720		Hudson City Bancorp, Inc		2,533
	70,642	e	Hudson Valley Holding Corp		1,346
	6,817,659		Huntington Bancshares, Inc		67,972
	308,692		Hyakugo Bank Ltd		1,268
	326,000		Hyakujushi Bank Ltd		1,117
	112,860		IBERIABANK Corp		7,917
	450,812		ICICI Bank Ltd		9,442
	21,469		ICICI Bank Ltd (ADR)		940
	87,077		Independent Bank Corp		3,428
	18,971		Independent Bank Group, Inc		1,115
	137,833,366		Industrial & Commercial Bank of China		84,971
	564,030		Industrial Bank of Korea		7,173
	214,103		ING Vysya Bank Ltd		2,276
	204,251		International Bancshares Corp		5,123
	68,837	*	Intervest Bancshares Corp		513
	216,225		Investors Bancorp, Inc		5,976
	541,290	*,m	Irish Bank Resolution Corp Ltd		0	^
	1,015,998	*	Israel Discount Bank Ltd		1,865
	48,340		Iyo Bank Ltd		461
	15,922		Jammu & Kashmir Bank Ltd		411
	103,763		JB Financial Group Co Ltd		701
	345,100		Jimoto Holdings Inc		727
	460,485		Joyo Bank Ltd		2,295
	15,203,498		JPMorgan Chase & Co		923,004
	386,555		Juroku Bank Ltd		1,348
	96,970	*	Jyske Bank		5,315
	172,000		Kagoshima Bank Ltd		1,090
	842,535		Kansai Urban Banking Corp		1,003
	104,000		Kanto Tsukuba Bank Ltd		401
	625,757		Karnataka Bank Ltd		1,231
	22,505	*	Karur Vysya Bank Ltd		142
	503,500		Kasikornbank PCL		2,771
	474,300		Kasikornbank PCL - NVDR		2,610
	1,775,700		Kasikornbank PCL (Foreign)		10,164
	718,234		KB Financial Group, Inc		25,201
	59,909		KBC Groep NV		3,690
	57,931	*	Kearny Financial Corp		856
	742,000		Keiyo Bank Ltd		3,160
	7,896,887		Keycorp		112,452
	696,432		Kiatnakin Bank PCL		914
	1,218,000		King’s Town Bank		1,132
	78,000		Kiyo Bank Ltd		999
	54,431		Komercni Banka AS		13,007
	464,572		Kotak Mahindra Bank Ltd		6,088

12

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	4,860,400		Krung Thai Bank PCL (Foreign)	$	2,810
	25,559	*	Ladder Capital Corp		483
	127,420		Lakeland Bancorp, Inc		1,433
	71,284		Lakeland Financial Corp		2,867
	33,052		Laurentian Bank of Canada		1,412
	23,470	e	LCNB Corp		406
	5,251,200		LH Financial Group PCL		199
	501,641	*,e	Liberbank S.A.		622
	813,999	*	LIC Housing Finance Ltd		3,224
	87,042,056	*	Lloyds TSB Group plc		108,891
	67,307	e	M&T Bank Corp		8,164
	97,484	e	Macatawa Bank Corp		491
	78,445		MainSource Financial Group, Inc		1,341
	5,993,376		Malayan Banking BHD		17,789
	1,268,850		Malaysia Building Society		848
	5,646,074	*	Marfin Popular Bank Public Co Ltd		78
	212,787		MB Financial, Inc		6,588
	23,662,968		Mega Financial Holding Co Ltd		18,364
	35,093		Mercantile Bank Corp		724
	23,240		Merchants Bancshares, Inc		758
	37,624	*	Meridian Interstate Bancorp, Inc		962
	21,251		Meta Financial Group, Inc		953
	2,162,320		Metropolitan Bank & Trust		3,734
	1,115,024	*	MGIC Investment Corp		9,500
	17,430		Middleburg Financial Corp		307
	33,904		Midsouth Bancorp, Inc		571
	26,810		MidWestOne Financial Group, Inc		677
	128,000		Mie Bank Ltd		286
	436,000		Minato Bank Ltd		759
	15,016,064		Mitsubishi UFJ Financial Group, Inc		82,690
	4,524,494		Mitsui Trust Holdings, Inc		20,471
	214,000		Miyazaki Bank Ltd		651
	105,922		Mizrahi Tefahot Bank Ltd		1,449
	50,621,152	e	Mizuho Financial Group, Inc		100,324
	72,168		Musashino Bank Ltd		2,392
	326,928		Nanto Bank Ltd		1,233
	13,108	e	NASB Financial, Inc		330
	2,034,236		National Australia Bank Ltd		67,069
	173,618		National Bank Holdings Corp		3,484
	788,909	e	National Bank of Canada		31,613
	4,057,972	*	National Bank of Greece S.A.		22,203
	28,487	e	National Bankshares, Inc		1,040
	454,737		National Penn Bancshares, Inc		4,752
	44,955	*,e	Nationstar Mortgage Holdings, Inc		1,459
	2,424,372		Natixis		17,805
	169,122		NBT Bancorp, Inc		4,137
	228,755	e	Nedbank Group Ltd		4,862
	212,190	e	New York Community Bancorp, Inc		3,410
	98,613	*	NewBridge Bancorp		704
	121,225		Nishi-Nippon City Bank Ltd		272
	27,175	*	NOMOS-BANK (GDR)		335
	3,680,975	*	Nordea Bank AB		52,217

13

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	408,800		North Pacific Bank Ltd	$	1,657
	236,607		Northfield Bancorp, Inc		3,043
	25,863		Northrim BanCorp, Inc		664
	361,381		Northwest Bancshares, Inc		5,276
	55,077		OceanFirst Financial Corp		974
	414,284	*	Ocwen Financial Corp		16,232
	176,700	e	OFG Bancorp		3,037
	753,000		Ogaki Kyoritsu Bank Ltd		2,054
	387,000		Oita Bank Ltd		1,503
	394,849		Old National Bancorp		5,887
	54,275		OmniAmerican Bancorp, Inc		1,237
	180,097		Oriental Bank of Commerce		674
	165,041		Oritani Financial Corp		2,609
	489,286		OTP Bank		9,375
	1,698,551		Oversea-Chinese Banking Corp		12,841
	72,080		Pacific Continental Corp		992
	69,638	*	Pacific Premier Bancorp, Inc		1,124
	147,806	e	PacWest Bancorp		6,357
	10,894	*	Palmetto Bancshares, Inc		153
	516,163		Paragon Group of Cos plc		3,549
	43,903	e	Park National Corp		3,376
	173,284		Park Sterling Bank		1,152
	43,446		Peapack Gladstone Financial Corp		956
	16,842	e	Penns Woods Bancorp, Inc		822
	56,601	*	Pennsylvania Commerce Bancorp, Inc		1,197
	46,415	*,e	PennyMac Financial Services, Inc		772
	42,489		Peoples Bancorp, Inc		1,051
	149,513	e	People’s United Financial, Inc		2,223
	493,626	*	Philippine National Bank		904
	1,433,902	e	Piccolo Credito Valtellinese Scarl		3,040
	135,966		Pinnacle Financial Partners, Inc		5,097
	29,052,631	*	Piraeus Bank S.A.		79,616
	1,501,019		PNC Financial Services Group, Inc		130,589
	280,933	*	Popular, Inc		8,706
	1,370,506		Powszechna Kasa Oszczednosci Bank Polski S.A.		19,273
	45,737	*	Preferred Bank		1,187
	251,797		PrivateBancorp, Inc		7,682
	277,051		Prosperity Bancshares, Inc		18,327
	36,305		Provident Financial Holdings, Inc		560
	231,760		Provident Financial Services, Inc		4,257
	25,586,000		PT Bank Bukopin Tbk		1,445
	13,305,900		PT Bank Central Asia Tbk		12,497
	3,887,535		PT Bank Danamon Indonesia Tbk		1,495
	8,714,500		PT Bank Jabar Banten Tbk		804
	10,107,448		PT Bank Mandiri Persero Tbk		8,513
	21,940,650		PT Bank Negara Indonesia		9,667
	27,300,000	*	PT Bank Pan Indonesia Tbk		1,809
	7,641,500		PT Bank Pembangunan Daerah Jawa Timur Tbk		321
	13,825,194		PT Bank Tabungan Negara Tbk		1,575
	78,946		Public Bank BHD		464
	1,538,311		Public Bank BHD (Foreign)		9,045
	630,919	e	Radian Group, Inc		9,483

14

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	992,521		Raiffeisen International Bank Holding AG.	$	33,120
	8,703,421		Regions Financial Corp		96,695
	113,237		Renasant Corp		3,290
	39,510		Republic Bancorp, Inc (Class A)		893
	7,897,240		Resona Holdings, Inc		38,164
	803,523		RHB Capital BHD		2,074
	335,000		Rizal Commercial Banking Corp		351
	103,762	e	Rockville Financial, Inc		1,410
	5,200	*,m	Roskilde Bank		0	^
	135,601	e	Royal Bank of Canada		8,948
	2,429,761		Royal Bank of Canada (Toronto)		160,204
	1,070,701	*	Royal Bank of Scotland Group plc		5,555
	115,468		S&T Bancorp, Inc		2,737
	58,090		S.Y. Bancorp, Inc		1,838
	106,029		Sandy Spring Bancorp, Inc		2,649
	280,000		San-In Godo Bank Ltd		1,894
	4,510,313		Sberbank of Russian Federation (ADR)		43,916
	59,571	*	Seacoast Banking Corp of Florida		655
	465,036	*	Sekerbank TAS		417
	236,380	e	Senshu Ikeda Holdings, Inc		1,078
	309,646		Seven Bank Ltd		1,215
	276,000		Shiga Bank Ltd		1,498
	1,012,542		Shinhan Financial Group Co Ltd		44,801
	3,837,823	e	Shinsei Bank Ltd		7,535
	661,559		Shizuoka Bank Ltd		6,447
	3,314,700		Siam Commercial Bank PCL (Foreign)		16,135
	47,941		Sierra Bancorp		763
	527,286	*	Signature Bank		66,222
	63,428		Simmons First National Corp (Class A)		2,364
	7,728,454		SinoPac Financial Holdings Co Ltd		3,728
	3,926,999	e	Skandinaviska Enskilda Banken AB (Class A)		53,946
	1,670,327		Societe Generale		102,818
	69,109	e	Southside Bancshares, Inc		2,169
	72,768		Southwest Bancorp, Inc		1,285
	290,261	e	Sparebanken Midt-Norge		2,608
	4,960		St Galler Kantonalbank		2,062
	1,911,313	e	Standard Bank Group Ltd		25,181
	1,589,572		Standard Chartered plc		33,239
	125,915		State Bank & Trust Co		2,227
	7,332		State Bank of Bikaner & Jaip		40
	63,043		State Bank of India Ltd		2,028
	114,524		State Bank of India Ltd (GDR)		7,301
	2,543		State Bank of Travancore		18
	318,528		Sterling Bancorp/DE		4,033
	129,767		Sterling Financial Corp		4,325
	21,584	*,e	Stonegate Mortgage Corp		321
	47,049	*	Suffolk Bancorp		1,049
	3,048,471		Sumitomo Mitsui Financial Group, Inc		130,669
	154,095	*,e	Sun Bancorp, Inc		518
	1,948,877		SunTrust Banks, Inc		77,546
	736,789		Suruga Bank Ltd		12,979
	725,934		Susquehanna Bancshares, Inc		8,268

15

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	175,974	*	SVB Financial Group	$	22,662
	288,151	*,e	Svenska Handelsbanken (A Shares)		14,480
	1,174,880		Swedbank AB (A Shares)		31,540
	83,226	*	Sydbank AS		2,128
	313,579		Syndicate Bank		505
	1,733,046		Synovus Financial Corp		5,875
	2,345,059	*	Ta Chong Bank Co Ltd		783
	2,280,794		Taichung Commercial Bank		773
	7,441,463		Taishin Financial Holdings Co Ltd		3,377
	2,056,769	*	Taiwan Business Bank		608
	6,575,091		Taiwan Cooperative Financial Holding		3,524
	5,390	*	Talmer Bancorp Inc		79
	71,410	*	Taylor Capital Group, Inc		1,708
	4,585,012		TCF Financial Corp		76,386
	656,872	*	TCS Group Holding plc (ADR)		5,321
	42,084		Territorial Bancorp, Inc		909
	206,303	*,e	Texas Capital Bancshares, Inc		13,397
	74,530	*	TFS Financial Corp		926
	1,848,300		Thanachart Capital PCL		2,055
	124,004	*	The Bancorp, Inc		2,333
	1,395,180		Tisco Bank PCL		1,757
	10,590,300		TMB Bank PCL (Foreign)		805
	140,000		Tochigi Bank Ltd		594
	468,000		Toho Bank Ltd		1,523
	78,000	e	Tokyo Tomin Bank Ltd		806
	349,600		Tomony Holdings, Inc		1,454
	55,777		Tompkins Trustco, Inc		2,731
	2,988,190	e	Toronto-Dominion Bank		140,098
	1,162,000		Towa Bank Ltd		1,138
	104,571	e	TowneBank		1,622
	21,690		Tree.com, Inc		673
	62,473		Trico Bancshares		1,620
	22,258	*	Tristate Capital Holdings, Inc		316
	362,827		Trustco Bank Corp NY		2,554
	254,990		Trustmark Corp		6,464
	2,858,783		Turkiye Garanti Bankasi AS		9,772
	1,207,768		Turkiye Halk Bankasi AS		7,481
	2,896,921		Turkiye Is Bankasi (Series C)		6,432
	1,311,623		Turkiye Sinai Kalkinma Bankasi AS		1,122
	889,800		Turkiye Vakiflar Bankasi Tao		1,680
	937,248		UCO Bank		1,148
	161,362		UMB Financial Corp		10,440
	436,329	e	Umpqua Holdings Corp		8,133
	3,472,390		UniCredit S.p.A		31,741
	1,867,049	*	Union Bank Of Taiwan		666
	160,280		Union Bankshares Corp		4,074
	253,145	e	United Bankshares, Inc		7,751
	169,541	*,e	United Community Banks, Inc		3,291
	163,572	*	United Community Financial Corp		641
	72,561		United Financial Bancorp, Inc		1,334
	1,126,679	e	United Overseas Bank Ltd		19,435
	63,208		Univest Corp of Pennsylvania		1,297

16

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	4,621,113		US Bancorp	$	198,061
	14,770		UTI Bank Ltd		362
	33,864		Valiant Holding		3,409
	94,395	e	Valley National Bancorp		983
	34,991	*,e	VantageSouth Bancshares, Inc		246
	153,894		ViewPoint Financial Group		4,440
	436,660		Vijaya Bank		292
	3,042,809	e	VTB Bank OJSC (GDR)		6,700
	78,642	*	Walker & Dunlop, Inc		1,286
	65,778		Washington Banking Co		1,170
	97,131		Washington Federal, Inc		2,263
	60,093		Washington Trust Bancorp, Inc		2,252
	27,684	*	Waterstone Financial, Inc		288
	374,082		Webster Financial Corp		11,619
	25,457,176		Wells Fargo & Co		1,266,240
	99,846		WesBanco, Inc		3,178
	59,260		West Bancorporation, Inc		900
	103,776	e	Westamerica Bancorporation		5,612
	281,820	*	Western Alliance Bancorp		6,933
	86,438		Westfield Financial, Inc		644
	4,127,933	*	Westpac Banking Corp		132,724
	250,468		Wilshire Bancorp, Inc		2,780
	333,659		Wing Hang Bank Ltd		5,291
	149,554	e	Wintrust Financial Corp		7,277
	410,470		Woori Finance Holdings Co Ltd		4,684
	29,568		WSFS Financial Corp		2,112
	18,100		Yachiyo Bank Ltd		495
	57,119	*	Yadkin Financial Corp		1,223
	191,000		Yamagata Bank Ltd		812
	67,492		Yamaguchi Financial Group, Inc		609
	232,000		Yamanashi Chuo Bank Ltd		1,048
	2,039,963		Yapi ve Kredi Bankasi		3,871
	2,096,857		Yes Bank Ltd		14,587
	311,845		Zions Bancorporation		9,661
			TOTAL BANKS		9,958,078
CAPITAL GOODS - 8.3%
	2,822,401		3M Co		382,887
	303,344		A.O. Smith Corp		13,960
	209,860		Aalberts Industries NV		7,310
	88,032		Aaon, Inc		2,453
	156,947		AAR Corp		4,073
	1,502,313		ABB Ltd		38,806
	602,626	e	Abengoa S.A.		3,374
	219,180	e	Abengoa S.A. (B Shares)		1,020
	3,551,272		Aboitiz Equity Ventures, Inc		4,441
	1,468,000		AcBel Polytech, Inc		2,031
	120,992	*	Accuride Corp		536
	110,823		Aceto Corp		2,226
	396,335		ACS Actividades Construccion y Servicios S.A.		15,583
	86,970		Acter Co Ltd		357
	283,136		Actuant Corp (Class A)		9,669

17

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	174,584		Acuity Brands, Inc	$	23,145
	166,849		Adani Enterprises Ltd		1,030
	35,639		Aditya Birla Nuvo Ltd		652
	139,500		Advan Co Ltd		1,625
	312,760	*	Aecom Technology Corp		10,061
	173,855		Aecon Group, Inc		2,707
	150,195	*	Aegion Corp		3,801
	72,627	*	Aerovironment, Inc		2,923
	19,137	*	AFG Arbonia-Forster Hldg		632
	41,900	e	AG Growth International Inc		1,774
	62,874		AGCO Corp		3,468
	60,299		Aica Kogyo Co Ltd		1,345
	40,500		Aichi Corp		180
	180,300		Aida Engineering Ltd		1,718
	211,180		Air Lease Corp		7,875
	238,785		Aircastle Ltd		4,628
	426,508		Airtac International Group		4,427
	136,146		Akfen Holding AS.		254
	25,885		Alamo Group, Inc		1,406
	142,467		Alarko Holding AS		308
	121,731		Albany International Corp (Class A)		4,326
	205,870		Alfa Laval AB		5,577
	5,085,040		Alfa S.A. de C.V. (Class A)		12,861
	2,125,567		Allegion plc		110,891
	7,562,600		Alliance Global Group, Inc		4,818
	226,110		Alliant Techsystems, Inc		32,142
	179,979		Allied Electronics Corp Ltd (Preference)		401
	24,862		Alstom Projects India Ltd		175
	42,351		Alstom RGPT		1,156
	84,151		Altra Holdings, Inc		3,004
	343,822		Amada Co Ltd		2,419
	6,208		Amara Raja Batteries Ltd		41
	71,045	*	Ameresco, Inc		537
	35,964	e	American Railcar Industries, Inc		2,519
	39,890		American Science & Engineering, Inc		2,679
	137,192	*,e	American Superconductor Corp		221
	57,516	*	American Woodmark Corp		1,936
	639,011		Ametek, Inc		32,903
	32,675		Ampco-Pittsburgh Corp		617
	34,000	*,m	Amrep Corp		0	^
	8,993	e	Andritz AG.		556
	15,000		Antarchile S.A.		200
	98,887	*,e	API Technologies Corp		290
	97,780		Apogee Enterprises, Inc		3,249
	141,851		Applied Industrial Technologies, Inc		6,843
	92,506		Arcadis NV		3,555
	150,888	*	Arcam AB		4,593
	63,830		Argan, Inc		1,898
	183,808	*	Armstrong World Industries, Inc		9,788
	374,622	*	ArvinMeritor, Inc		4,589
	57,600		Asahi Diamond Industrial Co Ltd		733
	445,042		Asahi Glass Co Ltd		2,575

18

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,385,608		Ashok Leyland Ltd	$	550
	2,626,691		Ashtead Group plc		41,716
	590,167		Assa Abloy AB (Class B)		31,436
	189,245	e	Astaldi S.p.A.		1,952
	78,222		Astec Industries, Inc		3,435
	48,531	*	Astronics Corp		3,077
	1,410	*	Astronics Corp (Class B)		87
	728,016		Asunaro Aoki Construction Co Ltd		4,151
	280,569		Atlas Copco AB (A Shares)		8,100
	294,384		Atlas Copco AB (B Shares)		8,064
	108,119	*	ATS Automation Tooling Systems, Inc		1,403
	335,067	e	Ausdrill Ltd		249
	1,892,675	*,e	Austal Ltd		1,711
	45,233		Austin Engineering Ltd		96
	553,397		Aveng Ltd		1,189
	6,524,000	*	AVIC International Holding HK Ltd		257
	2,681,300	e	AviChina Industry & Technology Co		1,497
	83,257		AZZ, Inc		3,720
	50,933		B&B Tools AB		936
	184,551		Babcock & Wilcox Co		6,127
	77,400	e	Badger Daylighting Ltd		2,909
	2,364,980		BAE Systems plc		16,430
	815,236		Balfour Beatty plc		4,076
	193,000		Bando Chemical Industries Ltd		793
	524,000		Baoye Group Co Ltd		291
	249,870		Barloworld Ltd		2,617
	208,048		Barnes Group, Inc		8,004
	27,091		Bauer AG.		716
	33,060		BayWa AG.		1,881
	394,564	*	BE Aerospace, Inc		34,244
	57	*	Beacon Power Corp		0	^
	150,993	*	Beacon Roofing Supply, Inc		5,837
	987,800		Beijing Enterprises Holdings Ltd		8,861
	242,800		Benalec Holdings BHD		67
	2,180,700		Berjaya Corp BHD		354
	801,000		BES Engineering Corp		225
	528,759		Besalco S.A.		507
	1,235,855		Bharat Heavy Electricals		4,063
	8,821		BHI Co Ltd		143
	363,258		Bidvest Group Ltd		9,598
	87,170	e	Bird Construction Income Fund		1,113
	151,103	*	Blount International, Inc		1,798
	104,676	*,e	Bluelinx Holdings, Inc		136
	402,846		Bodycote plc		5,423
	2,823,687		Boeing Co		354,344
	598,000		Boer Power Holdings Ltd		806
	1,742,000		Bolina Holding Co Ltd		674
	1,883,963	e	Bombardier, Inc		7,004
	12,673		Boskalis Westminster		698
	5,593		Bossard Holding AG.		1,605
	1,172,461	e	Bouygues S.A.		48,856
	221,722		Bradken Ltd		898

19

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	179,428		Brady Corp (Class A)	$	4,871
	42,500		Brenntag AG.		7,893
	187,888	e	Briggs & Stratton Corp		4,181
	14,698		Bucher Industries AG.		4,997
	18,806		Budimex S.A.		857
	135,494	*,e	Builders FirstSource, Inc		1,234
	166,000		Bunka Shutter Co Ltd		1,020
	186,676		Bunzl plc		4,977
	50,756		Burckhardt Compression Holding AG.		26,410
	514,302		CAE, Inc		6,769
	363,900		Cahya Mata Sarawak BHD		1,093
	58,849	*	CAI International, Inc		1,452
	906,349	*,e	Capstone Turbine Corp		1,931
	13,795		Carbone Lorraine		466
	186,758	e	Cardno Ltd		1,249
	41,771	e	Cargotec Corp (B Shares)		1,799
	533,532		Carillion plc		3,218
	296,503		Carlisle Cos, Inc		23,525
	1,264,273		Caterpillar, Inc		125,631
	267,900		CB Industrial Product Holding BHD		364
	1,049,327		Central Glass Co Ltd		3,409
	9,491		CENTROTEC Sustainable AG.		246
	370,551	*	Cersanit Krasnystaw S.A.		193
	97,000		Champion Building Materials Co Ltd		39
	218,500		Changchai Co Ltd		135
	5,368,440	e	Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		3,748
	2,898,000	*	Charisma Energy Services Ltd		136
	96,942	*,e	Chart Industries, Inc		7,712
	227,615		Chemring Group plc		987
	614,592		Chicago Bridge & Iron Co NV		53,562
	574,050		Chien Kuo Construction Co Ltd		266
	10,819,000		China Automation Group Ltd		1,817
	14,001,700		China Communications Construction Co Ltd		9,793
	230,000	*	China Conch Venture Holdings Ltd		588
	51,000		China Ecotek Corp		128
	570,000		China Electric Manufacturing Corp		253
	3,854,000	*	China Energine International Holdings Ltd		279
	531,050		China Fangda Group Co Ltd		234
	882,000	*	China Glass Holdings Ltd		111
	1,566,000	*,e	China High Speed Transmission Equipment Group Co Ltd		1,170
	588,070		China International Marine Containers Group Co Ltd		1,367
	2,537,200	e	China Railway Construction Corp		2,151
	13,933,100		China Railway Group Ltd		6,510
	715,400		China Singyes Solar Technologies Holdings Ltd		1,130
	6,270,028	e	China South Locomotive and Rolling Stock Corp		5,283
	3,316,000		China State Construction International Holdings Ltd		5,629
	163,000		China Steel Structure Co Ltd		182
	4,810,000	*	China WindPower Group Ltd		392
	494,000		Chip Eng Seng Corp Ltd		289
	61,939	e	Chiyoda Corp		799
	41,700		Chiyoda Integre Co Ltd		762

20

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	16,942,000		Chongqing Machinery & Electric Co Ltd	$	2,256
	65,100		Chudenko Corp		1,125
	94,989		Chugai Ro Co Ltd		214
	1,172,000		Chung Hsin Electric & Machinery Manufacturing Corp		817
	369,107		Cintra Concesiones de Infraestructuras de Transporte S.A.		8,001
	548,239	*	CIR-Compagnie Industriali Riunite S.p.A.		827
	90,547		CIRCOR International, Inc		6,640
	1,813,814	e	Citic Pacific Ltd		3,218
	5,487,000	*	Citic Resources Holdings Ltd		730
	183,000		Civmec Ltd		108
	15,209		CJ Corp		1,948
	155,900		CKD Corp		1,485
	203,252		Clarcor, Inc		11,657
	189,984	*	CNH Industrial NV		2,187
	403,866		Coastal Contracts BHD		625
	196,931		Cobham plc		983
	459,368	*	Cofide S.p.A.		339
	509,969	*	Colfax Corp		36,376
	70,930	*	Columbus McKinnon Corp		1,900
	170,394		Comfort Systems USA, Inc		2,597
	76,729	*	Commercial Vehicle Group, Inc		700
	3,318,816		Compagnie de Saint-Gobain		200,371
	7,985		Compagnie d’Entreprises CFE		868
	254,400		COMSYS Holdings Corp		3,983
	78,532	e	Concentric AB		1,092
	2,263		Construcciones y Auxiliar de Ferrocarriles S.A.		1,161
	12,902	*	Continental Building Products Inc		243
	827,000		Continental Engineering Corp		294
	1,190,000	e	Cosco Corp Singapore Ltd		678
	1,452,000		Cosco International Holdings Ltd		583
	23,385		Cosel Co Ltd		273
	104,580	e	Costain Group plc		506
	85,286		Cramo Oyj (Series B)		1,793
	356,524		Crane Co		25,367
	1,084,590		CSBC Corp Taiwan		677
	714,300		CTCI Corp		1,072
	75,029		Cubic Corp		3,832
	515,810		Cummins, Inc		76,851
	180,905		Curtiss-Wright Corp		11,495
	556,000		DA CIN Construction Co Ltd		518
	34,845		Daelim Industrial Co		2,842
	19,970		Daesang Holdings Co Ltd		218
	10,207		Daetwyler Holding AG.		1,604
	129,415	*	Daewoo Engineering & Construction Co Ltd		969
	54,388		Daewoo International Corp		1,983
	119,511		Daewoo Shipbuilding & Marine Engineering Co Ltd		3,609
	98,500		Daifuku Co Ltd		1,217
	206,641		Daihen Corp		823
	52,000		Daiichi Jitsugyo Co Ltd		232
	305,778		Daikin Industries Ltd		17,148
	45,000		Daiwa Industries Ltd		309
	190,200		Dalian Refrigeration Co Ltd		171

21

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,699,978		Danaher Corp	$	202,498
	13,791		Danieli & Co S.p.A.		460
	45,871		Danieli & Co S.p.A. (RSP)		1,056
	209,188		DCC plc		11,369
	376,831		Decmil Group Ltd		726
	295,413		Deere & Co		26,824
	12,900		Denyo Co Ltd		217
	105,282	*	Deutz AG.		888
	1,848,900		Dialog Group BHD		2,035
	281,233	*	DigitalGlobe, Inc		8,159
	97,729	*	Discount Investment Corp		917
	932,460		DMCI Holdings, Inc		1,456
	738,308	*	Dogan Sirketler Grubu Holdings		231
	108,726		Donaldson Co, Inc		4,610
	19,100		Dongfang Electric Co Ltd		30
	26,169		Dongkuk Structures & Construction Co Ltd		108
	32,930		Doosan Corp		4,288
	50,330	*	Doosan Engine Co Ltd		450
	95,313		Doosan Heavy Industries and Construction Co Ltd		3,160
	156,230	*	Doosan Infracore Co Ltd		2,019
	70,963		Douglas Dynamics, Inc		1,236
	246,555		Dover Corp		20,156
	38,078	*	Ducommun, Inc		954
	84,020		Duerr AG.		6,489
	70,881	e	Duro Felguera S.A.		485
	46,841	*	DXP Enterprises, Inc		4,447
	121,150	*	Dycom Industries, Inc		3,830
	54,751		Dynamic Materials Corp		1,042
	423,900		Dynasty Ceramic PCL		687
	1,756,151		Eaton Corp		131,922
	581,828	e	Ebara Corp		3,645
	44,697		Eczacibasi Yatirim Holding		105
	863,100		EEI Corp		221
	3,287		Eicher Motors Ltd		328
	45,931		Eiffage S.A.		3,436
	56,227		Elbit Systems Ltd		3,425
	3,196		Electra Israel Ltd		490
	294,950		EMCOR Group, Inc		13,801
	1,477,982		Emerson Electric Co		98,729
	772,982		Empresa Brasileira de Aeronautica S.A.		6,895
	951,500	*,e	Empresas ICA Sociedad Controladora S.A. de C.V.		1,582
	77,838	e	Encore Wire Corp		3,776
	10,400	e	Endo Lighting Corp		194
	156,962	*,e	Energy Recovery, Inc		835
	216,683		EnerSys		15,014
	66,570	*	Engility Holdings, Inc		2,999
	490,961		Enka Insaat ve Sanayi AS		1,466
	52,251	*,e	Enphase Energy, Inc		385
	73,518	*,e	EnPro Industries, Inc		5,343
	722,000	e	Enric Energy Equipment Holdings Ltd		1,021
	13,050	*,e	Erickson Air-Crane, Inc		252
	97,011		ESCO Technologies, Inc		3,414

22

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	222,499	*	Esterline Technologies Corp	$	23,705
	1,316,583		European Aeronautic Defence and Space Co		94,295
	1,292,000		EVA Precision Industrial Holdings Ltd		202
	721,800		Eversendai Corp BHD		228
	902,157		Exelis, Inc		17,150
	7,419		Faiveley S.A.		538
	108,788		Fanuc Ltd		19,233
	3,734,949		Far Eastern Textile Co Ltd		3,975
	645,649	e	Fastenal Co		31,843
	218,334	*	Federal Signal Corp		3,253
	227,099		Fenner plc		1,511
	1,330,180		Ferreyros S.A.		714
	668,410	*	Finmeccanica S.p.A.		6,601
	516,638		Finning International, Inc		14,628
	1,516,000	e	First Tractor Co		827
	248,364	*	Flowserve Corp		19,457
	64,169	e	FLSmidth & Co AS		3,235
	701,780		Fluor Corp		54,549
	51,961	*	Fomento de Construcciones y Contratas S.A.		1,185
	148,919	e,m	Forge Group Ltd		1
	1,597,598		Fortune Brands Home & Security, Inc		67,227
	867,100		Foshan Electrical and Lighting Co Ltd		807
	156,000	*	Foster Wheeler AG.		5,058
	175,345		Franklin Electric Co, Inc		7,456
	44,923		Freightcar America, Inc		1,044
	16,394	*	Frigoglass S.A.		106
	542,942		FSP Technology, Inc		561
	183,200		Fudo Tetra Corp		335
	502,639	*,e	FuelCell Energy, Inc		1,247
	2,419,587		Fuji Electric Holdings Co Ltd		10,817
	81,692		Fuji Machine Manufacturing Co Ltd		719
	438,978		Fujikura Ltd		2,004
	81,000		Fujitec Co Ltd		1,095
	114,386	*	Furmanite Corp		1,123
	379,000		Furukawa Co Ltd		683
	1,972,000		Furukawa Electric Co Ltd		4,906
	36,419	*	Futaba Corp/Chiba		628
	197,744		Galliford Try plc		4,381
	243,690	e	Gamesa Corp Tecnologica S.A.		2,649
	2,117,125		Gamuda BHD		3,056
	124,228		GATX Corp		8,433
	22,198		GEA Group AG.		1,014
	62,777		Geberit AG.		20,571
	205,768	*,e	GenCorp, Inc		3,759
	179,552		Generac Holdings, Inc		10,588
	186,558		General Cable Corp		4,778
	1,442,146		General Dynamics Corp		157,079
	39,853,011		General Electric Co		1,031,794
	10,441	*	Georg Fischer AG.		8,102
	3,226		Gesco AG.		338
	119,703	*	Gibraltar Industries, Inc		2,259
	152,221		Giken Seisakusho Co, Inc		1,376

23

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	91,609		Gildemeister AG.	$	2,813
	46,655		Global Brass & Copper Holdings, Inc		736
	70,037	e	Global Power Equipment Group, Inc		1,393
	127,156		Glory Ltd		3,487
	960,000		GMR Infrastructure Ltd		352
	68,406		Gorman-Rupp Co		2,175
	181,452		Graco, Inc		13,562
	445,505	*,e	GrafTech International Ltd		4,865
	1,439,001		Grafton Group plc		15,511
	33,910		Graham Corp		1,080
	69,163		Grana y Montero S.A.		241
	34,525	*	Grana y Montero S.A. (ADR)		596
	351,715		Granite Construction, Inc		14,044
	9,950		Graphite India Ltd		15
	214,663		Great Lakes Dredge & Dock Corp		1,960
	22,415		Greaves Cotton Ltd		30
	93,101	*	Greenbrier Cos, Inc		4,245
	184,571		Griffon Corp		2,204
	58,821	*	Grontmij (ADR)		296
	197,536		Group Five Ltd		830
	1,051,937		Grupo Carso S.A. de C.V. (Series A1)		5,535
	42,899		GS Engineering & Construction Corp		1,464
	10,060		GS Global Corp		80
	425,000	e	GS Yuasa Corp		2,252
	224,800	e	Guangzhou Shipyard International Co Ltd		375
	284,209		GWA International Ltd		771
	91,069		H&E Equipment Services, Inc		3,684
	799,000	e	Haitian International Holdings Ltd		1,604
	41,692		Haldex AB		488
	6,670		Halla Engineering & Construction Corp		42
	835,580		Hangzhou Steam Turbine Co		964
	53,291	*	Hanjin Heavy Industries & Construction Co Ltd		679
	792,395		Hanwa Co Ltd		3,072
	1,110,600		HAP Seng Consolidated BHD		1,024
	2,466,000		Harbin Power Equipment		1,400
	47,734		Hardinge, Inc		687
	43,410	*	Harsco Corp		1,017
	262,027		Havells India Ltd		4,103
	329,300		Hazama Ando Corp		1,231
	127,056	*	HD Supply Holdings, Inc		3,323
	214,317		Heico Corp		12,893
	259,276	*,e	Heidelberger Druckmaschinen		800
	212,000	*	Hellenic Technodomiki Tev S.A.		1,185
	2,804,000		Henderson Investment Ltd		221
	630,304	*	Hexcel Corp		27,443
	21,400		Hibiya Engineering Ltd		309
	503,527		Hills Industries Ltd		796
	1,637,581		Hino Motors Ltd		24,253
	19,000		Hisaka Works Ltd		184
	41,791	e	Hitachi Construction Machinery Co Ltd		803
	55,000		Hitachi Koki Co Ltd		430
	176,900		Hitachi Zosen Corp		844

24

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	217,935		Hiwin Technologies Corp	$	2,117
	4,838,000	e	HKC Holdings Ltd		141
	8,608		Hochtief AG.		783
	446,735		Hock Seng Lee BHD		241
	17,322		Homag Group AG.		454
	5,901,916		Honeywell International, Inc		547,462
	159,000		Hong Leong Asia Ltd		181
	718,831		Hopewell Holdings		2,473
	69,000		Hoshizaki Electric Co Ltd		2,606
	72,707		Hosken Consolidated Investments Ltd		1,032
	30,000		Hosokawa Micron Corp		169
	67,709		Houston Wire & Cable Co		889
	2,370,000		Hsin Chong Construction Group Ltd		340
	1,418,000		HUA ENG Wire & Cable		543
	40,547		Hubbell, Inc (Class B)		4,860
	18,477		Huber & Suhner AG.		1,002
	32,797		Hudaco Industries Ltd		326
	171,112		Huntington Ingalls		17,498
	25,575		Hurco Cos, Inc		682
	3,373,961		Hutchison Whampoa Ltd		44,779
	17,644		Hy-Lok Corp		511
	44,627		Hyster-Yale Materials Handling, Inc		4,351
	40,020		Hyundai Corp		1,194
	68,196		Hyundai Development Co		1,929
	89,468		Hyundai Engineering & Construction Co Ltd		4,720
	50,503		Hyundai Heavy Industries		10,046
	12,350		Hyundai Mipo Dockyard		1,806
	26,700		Idec Corp		250
	406,644		IDEX Corp		29,640
	669,019	*	Ihlas Holding		122
	196,490	*	II-VI, Inc		3,032
	1,307,207		IJM Corp BHD		2,461
	623,096		Illinois Tool Works, Inc		50,676
	107,760		IMARKETKOREA,Inc		3,333
	188,601		IMI plc		4,589
	36,197		Implenia AG.		2,705
	26,422		IMS-Intl Metal Service		572
	417,195	*,e	Imtech NV		1,143
	63,010		Inaba Denki Sangyo Co Ltd		2,034
	132,084		Inabata & Co Ltd		1,346
	51,196		Indus Holding AG.		2,256
	41,146		Industria Macchine Automatiche S.p.A.		2,040
	39,000		Industrias Romi S.A.		88
	27,123		Indutrade AB		1,296
	2,543,892		Ingersoll-Rand plc		145,612
	40,422		Innovative Solutions & Support, Inc		304
	91,575	e	Insteel Industries, Inc		1,801
	5,360,000	*	Interchina Holdings Co		284
	217,714		Interpump Group S.p.A.		3,357
	278,224		Interserve plc		3,401
	23,564		Invicta Holdings Ltd		258
	323,500		Iochpe-Maxion S.A.		3,208

25

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	537,231		IRB Infrastructure Developers Ltd	$	931
	12,320	*	IS Dongseo Co Ltd		274
	225,000	e	Iseki & Co Ltd		595
	181,000		I-Sheng Electric Wire & Cable Co Ltd		281
	4,676,417		Ishikawajima-Harima Heavy Industries Co Ltd		19,676
	1,912,350	*	Italian-Thai Development PCL		210
	2,446,372		Itochu Corp		28,624
	599,218		ITT Corp		25,623
	64,128	*	IVRCL Infrastructures & Projects Ltd		14
	446,000		Iwatani International Corp		2,912
	323,135	*	Jacobs Engineering Group, Inc		20,519
	263,792		Jain Irrigation Systems Ltd		290
	1,209,281		Jaiprakash Associates Ltd		1,090
	125,500	*,e	Japan Bridge Corp		180
	172,604		Japan Pulp & Paper Co Ltd		585
	165,823	e	Japan Steel Works Ltd		745
	2,718,300		JG Summit Holdings (Series B)		3,001
	79,481		JGC Corp		2,761
	7,060,000	*,e	Jia Sheng Holdings Ltd		520
	4,279,000	*,e	Jiangsu Rongsheng Heavy Industry Group Co Ltd		680
	326,000		Jingwei Textile Machinery		278
	136,770		John Bean Technologies Corp		4,226
	4,663,500		Johnson Electric Holdings Ltd		4,314
	1,203,666	e	Joy Global, Inc		69,813
	787,454		JTEKT Corp		11,690
	179,000	*,e	Juki Corp		361
	21,486		Jungheinrich AG.		1,629
	7,506	*	JVM Co Ltd		406
	41,590		Kadant, Inc		1,517
	196,941		Kajima Corp		689
	91,383		Kaman Corp		3,717
	26,000		Kamei Corp		194
	29,000		Kanamoto Co Ltd		849
	238,000		Kandenko Co Ltd		1,205
	1,310,000		Kanematsu Corp		2,031
	23,600		Katakura Industries Co Ltd		299
	56,000		Kato Works Co Ltd		303
	1,083,909		Kawasaki Heavy Industries Ltd		3,993
	2,249,214		KBR, Inc		60,009
	19,517		KCC Corp		10,019
	55,785	e	KCI Konecranes Oyj		1,777
	144,926		Keller Group plc		2,597
	10,657		Kendrion NV		365
	1,315,780		Kennametal, Inc		58,289
	290,647		Kentz Corp Ltd		3,650
	128,800		Kepler Weber S.A.		2,095
	2,860,707		Keppel Corp Ltd		24,818
	109,885	*,e	KEYW Holding Corp		2,056
	46,099		KHD Humboldt Wedag International AG.		394
	160,000	*	KI Holdings Co Ltd		386
	63,825		Kier Group plc		1,760
	98,730		Kinden Corp		955

26

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	157,000		King Slide Works Co Ltd	$	2,144
	220,573		Kingspan Group plc		4,196
	49,000		Kinik Co		156
	50,000		Kinki Sharyo Co Ltd		188
	49,077	*	KION Group AG.		2,301
	112,600		Kitz Corp		550
	126,891	*,e	Kloeckner & Co AG.		1,873
	1,677,546		KOC Holding AS		7,072
	19,790	*	Kolon Engineering & Construction Co Ltd		47
	1,493,081		Komatsu Ltd		31,302
	3,954		Komax Holding AG.		602
	203,060	*	Kombassan Holdings AS		223
	63,390		Komori Corp		791
	580,980	e	Kone Oyj (Class B)		24,394
	269,445	e	Koninklijke BAM Groep NV		1,613
	1,145,507		Koninklijke Philips Electronics NV		40,298
	98,525		Kopex S.A.		432
	48,180		Korea Aerospace Industries Ltd		1,540
	12,090		Korea Electric Terminal Co Ltd		502
	149,262	*	Kratos Defense & Security Solutions, Inc		1,125
	15,652		Krones AG.		1,496
	868,863		Kubota Corp		11,548
	31,211	e	KUKA AG.		1,529
	257,000	*,e	Kumagai Gumi Co Ltd		635
	5,000		Kumho Electric Co Ltd		113
	7,795	*	Kumho Industrial Co Ltd		96
	69,198		Kurita Water Industries Ltd		1,502
	127,679	e	Kuroda Electric Co Ltd		2,069
	98,900		Kyokuto Kaihatsu Kogyo Co Ltd		1,428
	117,000		Kyosan Electric Manufacturing Co Ltd		396
	314,700		Kyowa Exeo Corp		4,041
	102,000		Kyudenko Corp		817
	619,889		L-3 Communications Holdings, Inc		73,240
	1,074		Lakshmi Machine Works Ltd		55
	1,161,918	*	Lanco Infratech Ltd		138
	602,443		Larsen & Toubro Ltd		12,857
	74,009	*,e	Layne Christensen Co		1,346
	43,226		LB Foster Co (Class A)		2,025
	83,980		Legrand S.A.		5,217
	884,989	e	Leighton Holdings Ltd		17,348
	287,147		Lennox International, Inc		26,105
	117,223		LG Corp		6,390
	27,787		LG Hausys Ltd		4,165
	79,170		LG International Corp		2,104
	282,990		Lincoln Electric Holdings, Inc		20,378
	67,733	*,e	Lindab International AB		815
	40,681	e	Lindsay Manufacturing Co		3,587
	4,131	e	LISI		681
	521,891		LIXIL Group Corp		14,401
	42,837	*,e	LMI Aerospace, Inc		604
	548,044		Lockheed Martin Corp		89,463
	3,040,000	*,e	Lonking Holdings Ltd		598

27

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	20,649		LS Cable Ltd	$	1,483
	16,994		LS Industrial Systems Co Ltd		1,075
	79,907		LSI Industries, Inc		654
	75,857	*	Lydall, Inc		1,735
	15,918		Mabuchi Motor Co Ltd		1,044
	124,623		MACA Ltd		254
	44,125		MacDonald Dettwiler & Associates Ltd		3,485
	147,000		Maeda Corp		924
	15,600	*,e	Maeda Kosen Co Ltd		257
	79,541		Maeda Road Construction Co Ltd		1,107
	126,640	*,e	Maire Tecnimont S.p.A		475
	110,748		Makino Milling Machine Co Ltd		781
	46,999		Makita Corp		2,587
	24,900		Malaysia Marine and Heavy Engineering Sdn BHD		29
	2,224,300		Malaysian Resources Corp BHD		1,118
	7,526		MAN AG.		959
	42,904	*	Manitex International, Inc		699
	10,434		Manitou BF S.A.		180
	99,422		Manitowoc Co, Inc		3,127
	495,300		Marcopolo S.A.		993
	2,463,333	e	Marubeni Corp		16,537
	4,288,307		Masco Corp		95,243
	184,489	*,e	Mastec, Inc		8,014
	37,000		Max Co Ltd		411
	137,165		MAX India Ltd		478
	943,803		Meggitt plc		7,569
	223,000		Meidensha Corp		985
	893,556		Melrose Industries plc		4,428
	29,491		Metka S.A.		552
	15,100	e	Metso Oyj		494
	99,654	*	Meyer Burger Technology AG.		1,619
	66,003		Micron Machinery Co Ltd		1,602
	63,285	*	Middleby Corp		16,721
	45,228		Miller Industries, Inc		883
	348,900		Mills Estruturas e Servicos de		4,306
	1,362,000		Minebea Co Ltd		12,128
	274,600		Miraito Holdings Corp		2,405
	102,300		MISUMI Group, Inc		2,835
	2,344,443		Mitsubishi Corp		43,489
	1,632,874		Mitsubishi Electric Corp		18,381
	3,292,696		Mitsubishi Heavy Industries Ltd		19,053
	31,000	e	Mitsubishi Nichiyu Forklift Co Ltd		218
	121,700		Mitsuboshi Belting Co Ltd		690
	3,661,965		Mitsui & Co Ltd		51,757
	1,262,300		Mitsui Engineering & Shipbuilding Co Ltd		2,665
	158,000		Mitsui Matsushima Co Ltd		243
	31,600		Miura Co Ltd		869
	3,934,674		MMC Corp BHD		3,397
	265,739	e	Monadelphous Group Ltd		4,152
	57,500	*,e	MonotaRO Co Ltd		1,458
	179,075	*	Moog, Inc (Class A)		11,731
	334,679		Morgan Crucible Co plc		1,998

28

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	57,368		Morgan Sindall plc	$	731
	117,800	e	Mori Seiki Co Ltd		1,490
	76,000		Morita Holdings Corp		648
	70,298		Mota Engil SGPS S.A.		571
	532,618	*	MRC Global, Inc		14,359
	139,794		MSC Industrial Direct Co (Class A)		12,095
	71,361		MTU Aero Engines Holding AG.		6,625
	852,166		Mudajaya Group BHD		705
	240,546		Mueller Industries, Inc		7,214
	842,041		Mueller Water Products, Inc (Class A)		7,999
	267,700		Muhibbah Engineering M BHD		237
	648,379	*,e	Murray & Roberts Holdings Ltd		1,515
	77,291	*	MYR Group, Inc		1,957
	26,840		Nabtesco Corp		620
	209,332		Nachi-Fujikoshi Corp		1,378
	252,200		Nagase & Co Ltd		3,114
	130,000	e	Namura Shipbuilding Co Ltd		1,216
	18,357	e	National Presto Industries, Inc		1,433
	1,317,718	*,e	Navistar International Corp		44,631
	14,053		NCC AB		506
	252,661	e	NCC AB (B Shares)		9,150
	70,053	*	NCI Building Systems, Inc		1,223
	62,100	e	NEC Capital Solutions Ltd		1,294
	454,351	*	Neo-Neon Holdings Ltd		100
	34,812	e	Nexans S.A.		1,824
	649,954		NGK Insulators Ltd		13,559
	174,663		Nibe Industrier AB (Series B)		4,493
	123,000		Nichias Corp		789
	6,700		Nichiden Corp		159
	105,700		Nichiha Corp		1,217
	244,568	e	Nidec Corp		14,996
	5,100	e	Nihon Trim Co Ltd		301
	181,000		Nippo Corp		2,497
	155,000		Nippon Carbon Co Ltd		294
	92,000		Nippon Densetsu Kogyo Co Ltd		1,237
	186,000	*	Nippon Koei Co Ltd		927
	255,000		Nippon Road Co Ltd		1,163
	323,730	e	Nippon Sharyo Ltd		1,343
	1,099,000	*	Nippon Sheet Glass Co Ltd		1,567
	598,450		Nippon Steel Trading Co Ltd		1,924
	75,000		Nippon Thompson Co Ltd		369
	358,000		Nishimatsu Construction Co Ltd		1,156
	38,500		Nishio Rent All Co Ltd		1,429
	530,000		Nisshinbo Industries, Inc		4,528
	146,000		Nissin Electric Co Ltd		753
	20,400		Nitta Corp		381
	212,000	*	Nitto Boseki Co Ltd		989
	95,847		Nitto Kogyo Corp		2,012
	11,573		Nitto Kohki Co Ltd		213
	29,382	e	NKT Holding AS		1,702
	67,395		NN, Inc		1,328
	3,510,071		Noble Group Ltd		3,318

29

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	19,446	*	Norcraft Cos, Inc	$	329
	62,246	*	Nordex AG.		1,006
	218,997		Nordson Corp		15,437
	134,919		Noritake Co Ltd		342
	32,000		Noritz Corp		597
	67,313		NORMA Group		3,568
	32,555	*	Nortek, Inc		2,676
	649,211		Northrop Grumman Corp		80,100
	36,583	*	Northwest Pipe Co		1,323
	999,799	e	NRW Holdings Ltd		989
	145,573		NSK Ltd		1,493
	704,000		NTN Corp		2,382
	3,218,807	e	NWS Holdings Ltd		5,432
	22,500		Obara Corp		845
	644,888		Obayashi Corp		3,635
	142,444	e	Obrascon Huarte Lain S.A.		6,197
	678,046		OC Oerlikon Corp AG.		11,431
	95,419	*	OCI NV		4,329
	19,100		Odelic Co Ltd		511
	10,302		OHB AG.		287
	117,500		Oiles Corp		2,514
	68,300		Okabe Co Ltd		982
	159,641	e	Okuma Holdings, Inc		1,286
	209,000	e	Okumura Corp		931
	6,456		Omega Flex, Inc		138
	37,600	e	Onoken Co Ltd		449
	231,693	*	Orbital Sciences Corp		6,464
	46,000		Organo Corp		214
	101,826	*	Orion Marine Group, Inc		1,280
	64,681		Ormat Industries		491
	82,400		OSG Corp		1,427
	378,260		Oshkosh Truck Corp		22,268
	435,130	*	Osram Licht AG.		28,215
	198,296	e	Outotec Oyj		2,198
	3,941,096	*	Owens Corning, Inc		170,137
	340,474		Paccar, Inc		22,962
	14,733		Palfinger AG.		573
	277,909		Pall Corp		24,865
	222,918		Parker Hannifin Corp		26,686
	32,568	*	Patrick Industries, Inc		1,444
	215,189		Peab AB (Series B)		1,522
	535,878		Pentair Ltd		42,517
	405,500		Penta-Ocean Construction Co Ltd		1,377
	423,487	*	Perini Corp		12,141
	21,440		Pfeiffer Vacuum Technology AG.		2,616
	304,461	*,e	Pgt, Inc		3,504
	107,000		Phihong Technology Co Ltd		72
	121,881		Pike Electric Corp		1,311
	15,495	*	Pinguely-Haulotte		328
	46,589		Pkc Group Oyj		1,452
	7,490		Plasson		291
	51,723	*,e	Ply Gem Holdings, Inc		653

30

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	84,153	*,e	PMFG, Inc	$	502
	112,300		Polyplex PCL		35
	144,766	*,e	Polypore International, Inc		4,952
	20,000		Portobello S.A.		44
	35,089		Powell Industries, Inc		2,274
	6,772	*	Power Solutions International, Inc		509
	65,525	*,e	PowerSecure International, Inc		1,536
	644,625		Precision Castparts Corp		162,935
	9,738		Preformed Line Products Co		668
	165,054		Primoris Services Corp		4,948
	610,900	*,e	Promotora y Operadora de Infraestructura SAB de C.V.		8,239
	151,075	*,e	Proto Labs, Inc		10,223
	24,278		Prysmian S.p.A.		604
	1,290,000		PT Adhi Karya Persero Tbk		343
	3,899,000		PT AKR Corporindo Tbk		1,672
	8,114,000		PT Arwana Citramulia Tbk		677
	564,500		PT Hexindo Adiperkasa Tbk		195
	4,416,500		PT Pembangunan Perumahan Tbk		721
	8,778,500		PT Surya Semesta Internusa Tbk		746
	1,914,500		PT Total Bangun Persada Tbk		143
	2,777,184		PT United Tractors Tbk		5,102
	11,125,500		PT Waskita Karya Persero Tbk		752
	4,093,000		PT Wijaya Karya		870
	830,974		QinetiQ plc		3,139
	176,975		Quanex Building Products Corp		3,660
	557,116	*	Quanta Services, Inc		20,558
	5,869		R Stahl AG.		281
	54,800		Raito Kogyo Co Ltd		458
	152,382	e	Ramirent Oyj		1,671
	166,400		Randon Participacoes S.A.		623
	7,276		Rational AG.		2,593
	256,939		Raubex Group Ltd		542
	112,321		Raven Industries, Inc		3,679
	1,076,825		Raytheon Co		106,380
	70,143	*	RBC Bearings, Inc		4,468
	321,660		RCR Tomlinson Ltd		834
	553,172		Rechi Precision Co Ltd		597
	100,419		Regal-Beloit Corp		7,301
	180,082		Reunert Ltd		1,103
	100,771	*,e	Revolution Lighting Technologies, Inc		317
	2,854,348		Rexel S.A.		74,890
	134,032	*	Rexnord Corp		3,884
	113,388		Rheinmetall AG.		7,983
	334,583		Rich Development Co Ltd		157
	3,773		Rieter Holding AG.		841
	782,301		Rockwell Automation, Inc		97,436
	594,400		Rockwell Collins, Inc		47,356
	8,160		Rockwool International AS (B Shares)		1,584
	1,941,070		Rolls-Royce Group plc		34,748
	1,188,673		Roper Industries, Inc		158,700
	331,000		Rotary Engineering Ltd		182
	189,414		Rotork plc		8,372

31

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	64,000		Ruentex Engineering & Construction Co	$	155
	121,899	*	Rush Enterprises, Inc (Class A)		3,959
	77,933	e	Russel Metals, Inc		2,123
	492,000		Ryobi Ltd		1,503
	29,820		S&T Dynamics Co Ltd		341
	75,407		Saab AB (Class B)		2,305
	156,053	*	Sacyr Vallehermoso S.A.		1,038
	846,560		Safran S.A.		58,649
	29,132		Saft Groupe S.A.		1,018
	813,199		Salfacorp S.A.		744
	12,880		Sam Yung Trading Co Ltd		254
	138,090		Samsung Corp		8,029
	75,710		Samsung Engineering Co Ltd		5,109
	195,546		Samsung Heavy Industries Co Ltd		5,878
	39,462		Samsung Techwin Co Ltd		2,153
	24,860		San Miguel Corp		42
	2,486	*	San Miguel Corp (New)		5
	198,220		San Shing Fastech Corp		589
	3,219,838	e	Sandvik AB		45,542
	70,000		Sanki Engineering Co Ltd		443
	74,000		Sankyo Tateyama, Inc		1,448
	373,000		Sanwa Shutter Corp		2,418
	1,348,000	e	Sany Heavy Equipment International		303
	111,000		Sanyo Denki Co Ltd		716
	63,499		Scania AB (B Shares)		1,869
	10,737		Schindler Holding AG.		1,583
	7,287		Schindler Holding AG. (Registered)		1,070
	685,903		Schneider Electric S.A.		60,789
	1,836		Schweiter Technologies AG.		1,359
	131,000		Sekisui Jushi Corp		1,774
	2,174,701		SembCorp Industries Ltd		9,513
	1,892,780	e	SembCorp Marine Ltd		6,103
	20,039		Semperit AG. Holding		1,077
	815,923		Senior plc		4,172
	508	*	Sensata Technologies Holding BV		22
	37,412	e	SGL Carbon AG.		1,272
	385,308	*	SGSB Group Co Ltd		219
	144,200	*	Shanghai Automation Instrumentation Co Ltd		96
	754,880		Shanghai Diesel Engine Co Ltd		525
	11,230,500		Shanghai Electric Group Co Ltd		3,993
	746,600		Shanghai Erfangji Co Ltd		424
	605,800		Shanghai Highly Group Co Ltd		333
	1,623,000	e	Shanghai Industrial Holdings Ltd		5,420
	218,200	*	Shanghai Lingyun Industries Development Co Ltd		124
	646,020		Shanghai Mechanical and Electrical Industry Co Ltd		1,231
	584,000		Shihlin Electric & Engineering Corp		712
	525,546		Shikun & Binui Ltd		1,294
	34,600	e	Shima Seiki Manufacturing Ltd		533
	1,437,536		Shimizu Corp		7,445
	184,000		Shin Zu Shing Co Ltd		447
	124,000		Shinko Electric Co Ltd		195
	176,590		Shinmaywa Industries Ltd		1,614

32

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	26,300		SHO-BOND Holdings Co Ltd	$	1,161
	16,000	e	Showa Aircraft Industry Co Ltd		183
	709,762		Siam Future Development PCL		122
	668,956		Siemens AG.		90,217
	71,276		Siemens India Ltd		922
	716,587		SIG plc		2,406
	3,407,073		Sime Darby BHD		9,720
	155,374		Simpson Manufacturing Co, Inc		5,489
	1,834,000		Singamas Container Holdings Ltd		421
	506,987		Singapore Technologies Engineering Ltd		1,542
	1,526,557		Sino Thai Engineering & Construction PCL		761
	1,321,000		Sinopec Engineering Group Co Ltd		1,433
	652,500	e	Sinotruk Hong Kong Ltd		353
	113,600		Sintokogio Ltd		868
	27,892		SK Corp		5,066
	306,010		SK Networks Co Ltd		2,724
	366,675	e	Skanska AB (B Shares)		8,644
	3,498,665	e	SKF AB (B Shares)		89,583
	6,197		SKF India Ltd		84
	217,210		SM Investments Corp		3,418
	29,677		SMC Corp		7,827
	781,985		Smiths Group plc		16,615
	208,904		Snap-On, Inc		23,706
	138,863		SNC-Lavalin Group, Inc		6,072
	366,016		SOCAM Development Ltd		331
	137,600		Sodick Co Ltd		518
	1,727,233		Sojitz Holdings Corp		2,945
	14,037		Solar Holdings AS (B Shares)		1,052
	50,157	*,e	SolarCity Corp		3,141
	38,137	*	Sparton Corp		1,117
	691,329		Speedy Hire plc		687
	158,246		Spirax-Sarco Engineering plc		7,634
	247,873	*	Spirit Aerosystems Holdings, Inc (Class A)		6,988
	329,971		SPX Corp		32,439
	52,513		Standex International Corp		2,814
	313,494		Stanley Works		25,468
	40,300		Star Micronics Co Ltd		487
	76,723		Stefanutti Stocks Holdings Ltd		67
	62,605	*	Sterling Construction Co, Inc		543
	20,475	*	Stock Building Supply Holdings, Inc		416
	349,200		STP & I PCL		234
	706,000	*,e	STX OSV Holdings Ltd		563
	19,583	*,m	STX Shipbuilding Co Ltd		51
	4,885		Sulzer AG.		672
	1,799,520	e	Sumitomo Corp		22,882
	16,300		Sumitomo Densetsu Co Ltd		203
	675,904		Sumitomo Electric Industries Ltd		10,090
	5,496,913		Sumitomo Heavy Industries Ltd		22,357
	730,300	*	Sumitomo Mitsui Construction C		765
	43,000		Sumitomo Precision Products Co Ltd		154
	77,331		Sun Hydraulics Corp		3,349
	36,077	*	Sung Jin Geotec Co Ltd		149

33

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	22,330		Sung Kwang Bend Co Ltd	$	488
	148,000		Sunspring Metal Corp		427
	648,661	*	Suzlon Energy Ltd		121
	329,000	e	SWCC Showa Holdings Co Ltd		332
	285,995		Swisslog Holding AG.		333
	199,000		Syncmold Enterprise Corp		345
	126,000		Tadano Ltd		1,634
	10,658	*	Taewoong Co Ltd		277
	99,266		Taeyoung Engineering & Construction		555
	87,929	*	Taihan Electric Wire Co Ltd		174
	40,000		Taihei Dengyo Kaisha Ltd		248
	60,000		Taihei Kogyo Co Ltd		208
	75,000		Taikisha Ltd		1,629
	3,151,561	e	Taisei Corp		14,065
	904,872		Taiwan Glass Industrial Corp		874
	28,900		Takaoka Toko Holdings Co Ltd		556
	95,929		Takara Standard Co Ltd		736
	179,400		Takasago Thermal Engineering Co Ltd		1,839
	27,400		Takeuchi Manufacturing Co Ltd		700
	82,000		Takuma Co Ltd		586
	118,823	e	TAL International Group, Inc		5,094
	496,206	*	Taser International, Inc		9,076
	326,000	e	Tat Hong Holdings Ltd		197
	46,000		Tatsuta Electric Wire and Cable Co Ltd		239
	300,600	*	Tebrau Teguh BHD		113
	2,308,133		Teco Electric and Machinery Co Ltd		2,583
	74,384	*	Tecumseh Products Co (Class A)		513
	287,090		Tekfen Holding AS		655
	130,000	*,e	Tekken Corp		351
	312,595	*	Teledyne Technologies, Inc		30,425
	96,835		Tennant Co		6,354
	142,620		Terex Corp		6,318
	75,931	e	Textainer Group Holdings Ltd		2,906
	3,366,972		Textron, Inc		132,288
	165,103		Thales S.A.		10,948
	21,249	*,e	The ExOne Company		761
	22,707		Thermax Ltd		284
	153,326	*	Thermon Group Holdings		3,554
	64,361		THK Co Ltd		1,443
	918,000	*	Tianjin Development Hldgs		634
	165,734	e	Timken Co		9,742
	180,154	e	Titan International, Inc		3,421
	66,407	*,e	Titan Machinery, Inc		1,041
	24,093	*	TK Corp		448
	38,322		TKH Group NV		1,338
	246,000		Toa Corp/Tokyo		503
	14,000		Tocalo Co Ltd		222
	255,000		Toda Corp		837
	79,000		Toenec Corp		434
	93,600	e	Tokai Corp		318
	84,760	e	Tokyu Construction Co Ltd		359
	55,057		Tong-Tai Machine & Tool Co Ltd		59

34

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	18,500	e	Torishima Pump Manufacturing Co Ltd	$	229
	48,104		Toro Co		3,040
	169,342		Toromont Industries Ltd		3,909
	8,705,371		Toshiba Corp		36,898
	138,964		Toshiba Machine Co Ltd		659
	45,000		Toshiba Plant Systems & Services Corp		671
	25,400		Totetsu Kogyo Co Ltd		470
	862,677	e	Toto Ltd		11,958
	76,000	e	Toyo Construction Co Ltd		267
	152,000	e	Toyo Engineering Corp		697
	15,900	e	Toyo Tanso Co Ltd		353
	217,599		Toyota Tsusho Corp		5,519
	342,618		Trakya Cam Sanayi AS		338
	323,620		TransDigm Group, Inc		59,934
	763,816		Travis Perkins plc		24,051
	1,504,306		Trelleborg AB (B Shares)		30,361
	39,981		Trevi Finanziaria S.p.A.		449
	97,386	*	Trex Co, Inc		7,125
	206,517	*	Trimas Corp		6,856
	345,220		Trinity Industries, Inc		24,880
	41,889		Triumph Group, Inc		2,705
	39,962		Trusco Nakayama Corp		921
	351,000		Tsubakimoto Chain Co		2,515
	70,000	e	Tsugami Corp		420
	52,000		Tsukishima Kikai Co Ltd		582
	518,497		Turk Sise ve Cam Fabrikalari AS		562
	31,477		Twin Disc, Inc		829
	91,480		Ultra Electronics Holdings		2,731
	380,000		Union Mosaic Industry PCL		100
	11,700		Union Tool Co		268
	21,172	*	Unison Co Ltd		40
	487,000	e	United Engineers Ltd		802
	510,132	e	United Group Ltd		3,328
	791,000		United Integrated Services Co Ltd		996
	344,209	*	United Rentals, Inc		32,679
	1,151,454		United Technologies Corp		134,536
	92,831		Universal Forest Products, Inc		5,137
	116,706	e	Uponor Oyj		2,127
	89,110		URS Corp		4,194
	4,251,536	*,e	USG Corp		139,110
	1,096,100		Ushio, Inc		14,160
	12,893		Vallourec		699
	129,365	e	Valmet Corp		1,387
	56,601	e	Valmont Industries, Inc		8,424
	578,608	*	Vestas Wind Systems AS		23,199
	394,301		Vesuvius plc		2,864
	73,337	*	Vicor Corp		748
	1,393,869		Vinci S.A.		103,466
	229,975		Voltas Ltd		621
	7,196,481	e	Volvo AB (B Shares)		114,398
	91,793	*	Von Roll Holding AG.		177
	5,291		Vossloh AG.		500

35

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	216,729		W.W. Grainger, Inc	$	54,759
	260,003	*	Wabash National Corp		3,578
	723,974	*	WABCO Holdings, Inc		76,423
	27,660		Wacker Construction Equipment AG.		478
	19,238	e	Wajax Income Fund		638
	55,000		Wakita & Co Ltd		644
	3,860,250	*	Walsin Lihwa Corp		1,232
	3,238		Walter Meier AG.		189
	25,926		Wartsila Oyj (B Shares)		1,409
	115,835		Watsco, Inc		11,573
	108,078		Watts Water Technologies, Inc (Class A)		6,343
	1,423,700		WCT Berhad		947
	243,100		Weg S.A.		3,396
	670,900	e	Weichai Power Co Ltd		2,547
	35,233		Weir Group plc		1,490
	199,520		Well Shin Technology Co Ltd		408
	81,826	*,e	WESCO International, Inc		6,810
	618,401		Westinghouse Air Brake Technologies Corp		47,926
	65,305	*,e	Westport Innovations, Inc		948
	3,680,436		Wienerberger AG.		70,510
	115,496		Wilson Bayly Holmes-Ovcon Ltd		1,513
	317,201		Wolseley plc		18,073
	276,554		Woodward Governor Co		11,485
	98,000	e	WSP Global, Inc		3,167
	49,056	*	Xerium Technologies, Inc		787
	127,137		Xxentria Technology Materials Corp		350
	513,249		Xylem, Inc		18,693
	11,360		Y G-1 Co Ltd		109
	102,100		Yahagi Construction Co Ltd		1,003
	25,800		YAMABIKO Corp		1,050
	62,700		Yamazen Corp		414
	6,291,449	e	Yangzijiang Shipbuilding		5,413
	79,858		Yazicilar Holding AS		676
	132,404	e	YIT Oyj		1,410
	34,000		Yokogawa Bridge Holdings Corp		375
	717,000	e	Yoma Strategic Holdings Ltd		425
	2,164,000		Yuanda China Holdings Ltd		190
	544,000		Yuasa Trading Co Ltd		1,114
	488,000		Yungtay Engineering Co Ltd		1,403
	53,000		Yurtec Corp		204
	10,300		Yushin Precision Equipment Co Ltd		300
	56,995	e	Zardoya Otis S.A.		971
	21,000		Zehnder Group AG.		922
	3,408,500	e	Zhuzhou CSR Times Electric Co Ltd		11,508
	231,054		Zodiac S.A.		8,163
	3,600	e	Zuiko Corp		215
	31,286		Zumtobel AG.		776
			TOTAL CAPITAL GOODS		10,458,202
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	16,000	*,e	51job, Inc (ADR)		1,140
	72,852		Aangpanneforeningen AB (B Shares)		2,706

36

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	210,783		ABM Industries, Inc	$	6,058
	181,055	e	Acacia Research (Acacia Technologies)		2,767
	429,241	*	ACCO Brands Corp		2,644
	70,708	e	Acorn Energy, Inc		240
	3,193		Adcorp Holdings Ltd		10
	1,217,200		Adecco S.A.		101,303
	98,675		Administaff, Inc		3,057
	749,079	e	ADT Corp		22,435
	110,185	*	Advisory Board Co		7,079
	22,200		Aeon Delight Co Ltd		418
	46,207		Aggreko plc		1,158
	15,599		Akka Technologies S.A.		560
	313,515	e	ALS Ltd		2,141
	12,841		Amadeus Fire AG		1,124
	137,425		American Banknote S.A.		2,120
	88,003		American Ecology Corp		3,267
	150,605	*	ARC Document Solutions, Inc		1,120
	29,921		Assystem		917
	219,872		Atkins WS plc		5,107
	605,125		Babcock International Group		13,589
	43,863		Barrett Business Services, Inc		2,613
	21,000		Benefit One, Inc		189
	11,857		Bertrandt AG.		1,816
	143,750	e	BFI Canada Ltd		3,638
	62,492		Bilfinger Berger AG.		7,941
	49,200	e	Black Diamond Group Ltd		1,524
	314,229		Blue Label Telecoms Ltd		260
	986,000	*,e	Blumont Group Ltd		47
	1,953,232		Brambles Ltd		16,806
	246,362		Brink’s Co		7,034
	28,707		Brunel International		2,011
	168,635		Bureau Veritas S.A.		5,172
	300,657	e	Cabcharge Australia Ltd		1,130
	162,785		Cape plc		848
	1,252,654		Capita Group plc		22,905
	132,657	*	Casella Waste Systems, Inc (Class A)		678
	131,141		Caverion Corp		1,410
	135,721	*	CBIZ, Inc		1,243
	57,250		CDI Corp		982
	54,801	e	Ceco Environmental Corp		909
	154,331	*,e	Cenveo, Inc		469
	12,195		Cewe Color Holding AG.		938
	7,891,200		China Everbright International Ltd		10,835
	254,734		Cintas Corp		15,185
	45,769	*,e	Clean Harbors, Inc		2,508
	70,000		Cleanaway Co Ltd		428
	299,349	*,e	CNH Industrial NV (NYSE)		3,442
	2,271		Compx International, Inc		23
	261,189	*	Copart, Inc		9,505
	145,066		Corporate Executive Board Co		10,768
	396,147		Corrections Corp of America		12,407
	46,012		Courier Corp		709

37

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	197,781		Covanta Holding Corp	$	3,570
	42,409	*	CRA International, Inc		932
	95,642		Credit Corp Group Ltd		763
	417,740		Dai Nippon Printing Co Ltd		3,995
	41,500		Daiseki Co Ltd		718
	361,962		Davis Service Group plc		6,752
	125,679		De La Rue plc		1,708
	169,916		Deluxe Corp		8,915
	270,012		Derichebourg		910
	31,900	e	DirectCash Payments, Inc		422
	771,565		Downer EDI Ltd		3,609
	84,482		Dun & Bradstreet Corp		8,393
	52,898		Duskin Co Ltd		1,015
	1,139,755	*	Eastern Media International Corp		565
	2,261,339	e	Edenred		70,937
	133,580	*	EnerNOC, Inc		2,976
	15,200		en-japan, Inc		272
	100,894		Ennis, Inc		1,672
	256,531		Equifax, Inc		17,452
	972,502		Experian Group Ltd		17,549
	70,214		Exponent, Inc		5,270
	29,488	*	Franklin Covey Co		583
	152,222	*	FTI Consulting, Inc		5,075
	15,463,000		Fung Choi Media Group Ltd		1,229
	72,867		G & K Services, Inc (Class A)		4,457
	76,471	*	Gategroup Holding AG.		2,249
	267,573		Geo Group, Inc		8,627
	18,496		GL Events		421
	43,904	*	GP Strategies Corp		1,195
	675,872		Group 4 Securicor plc		2,727
	60,817	e	Gunnebo AB		360
	6,142,431		Hays plc		14,865
	219,128	e	Healthcare Services Group		6,368
	71,165		Heidrick & Struggles International, Inc		1,428
	29,222	*,e	Heritage-Crystal Clean, Inc		530
	180,657		Herman Miller, Inc		5,804
	171,279		HNI Corp		6,262
	446,546		Homeserve plc		2,345
	281,800		Horizon North Logistics, Inc		2,131
	96,132	*	Huron Consulting Group, Inc		6,093
	75,866	*	ICF International, Inc		3,020
	648,664	*	ICO Global Communications Holdings Ltd		1,187
	150,849	*	IHS, Inc (Class A)		18,328
	135,728	*,e	Innerworkings, Inc		1,040
	1,158,000	*	Integrated Waste Solutions Group Holdings Ltd		75
	186,328		Interface, Inc		3,829
	39,665		Intersections, Inc		234
	130,726		Intertek Group plc		6,712
	338,173		Intrum Justitia AB		9,229
	361,465		Iron Mountain, Inc		9,966
	523,888		ITE Group plc		1,668
	119,200		Itoki Corp		748

38

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	3,721		Kaba Holding AG.	$	1,777
	45,147		KAR Auction Services, Inc		1,370
	28,000		KD Holding Corp		165
	102,620		Kelly Services, Inc (Class A)		2,435
	19,358		KEPCO Plant Service & Engineering Co Ltd		1,234
	98,011		Kforce, Inc		2,090
	705,800		K-Green Trust		584
	153,014		Kimball International, Inc (Class B)		2,771
	177,738		Knoll, Inc		3,233
	212,700		Kokuyo Co Ltd		1,553
	188,488	*	Korn/Ferry International		5,611
	105,000		Kyodo Printing Co Ltd		297
	487,000		L&K Engineering Co Ltd		440
	129,133		Loomis AB		3,329
	285,260		Manpower, Inc		22,487
	13,662		Matsuda Sangyo Co Ltd		165
	85,827		McGrath RentCorp		3,000
	85,431	e	McMillan Shakespeare Ltd		786
	152,238		Mears Group plc		1,327
	34,400	e	Meitec Corp		976
	335,263		Michael Page International plc		2,751
	458,123		Mineral Resources Ltd		4,887
	63,395	*	Mistras Group, Inc		1,443
	924,760		Mitie Group		5,019
	20,072		Mitsubishi Pencil Co Ltd		576
	145,845		Mobile Mini, Inc		6,324
	138,091	*,e	Moleskine S.p.A		233
	92,560	e	Morneau Sobeco Income Fund		1,256
	48,500		Moshi Moshi Hotline, Inc		445
	133,749		MSA Safety, Inc		7,624
	42,045		Multi-Color Corp		1,472
	196,765	*	Navigant Consulting, Inc		3,672
	57,207		Newalta, Inc		1,042
	1,050,451	e	Nielsen Holdings NV		46,882
	39,900		Nihon M&A Center, Inc		1,068
	4,700		Nippon Kanzai Co Ltd		95
	35,560	*,e	Nissha Printing Co Ltd		469
	24,718	e	NL Industries, Inc		268
	42,600		Nomura Co Ltd		332
	243,204	*,e	Odyssey Marine Exploration, Inc		557
	163,000		Okamura Corp		1,428
	235,274	*	On Assignment, Inc		9,079
	58,168		Oyo Corp		793
	134,400		Park24 Co Ltd		2,554
	92,200		Pasona Group, Inc		543
	1,546	*	Paylocity Holding Corp		37
	43,800		PayPoint plc		838
	174,115	*	Performant Financial Corp		1,576
	17,600		Pilot Corp		724
	2,234,164	e	Pitney Bowes, Inc		58,066
	49,138	*	Poyry Oyj		286
	79,293		Proffice AB		300

39

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	335,368		Programmed Maintenance Services Ltd	$	904
	29,900		PRONEXUS, Inc		221
	236,814	e	Prosegur Cia de Seguridad S.A.		1,524
	6,670,500	*	PT Hanson International Tbk		395
	95,322	e	Quad		2,235
	1,241,912	e	R.R. Donnelley & Sons Co		22,230
	155,442		Randstad Holdings NV		9,098
	405,040	*	Recall Holdings Ltd		1,746
	921,041		Regus plc		3,386
	2,281,530		Rentokil Initial plc		4,687
	333,016		Republic Services, Inc		11,376
	158,998		Resources Connection, Inc		2,240
	124,500	e	Ritchie Bros Auctioneers, Inc		3,009
	883,353		Robert Half International, Inc		37,057
	269,255		Rollins, Inc		8,142
	418,654		RPS Group plc		2,189
	221,341	*	RPX Corp		3,603
	19,564		S1 Corp (Korea)		1,639
	275,831	e	SAI Global Ltd (New)		1,051
	29,000	*,e	Sanix, Inc		314
	30,752	e	Sato Corp		712
	52,502		Schawk, Inc (Class A)		1,049
	3,453		Seche Environnement S.A.		173
	263,683		Secom Co Ltd		15,158
	1,356,292		Securitas AB (B Shares)		15,708
	286,065		Seek Ltd		4,677
	1,817,120		Serco Group plc		12,754
	4,360		SGS S.A.		10,753
	289,500	*	Shanghai Youngsun Investment C		309
	587,808		Shanks Group plc		1,090
	26,700		Shenzhen Dongjiang Environmental Co Ltd		92
	182,433		Skilled Group Ltd		468
	28,326		Societe BIC S.A.		3,721
	148,094		Sohgo Security Services Co Ltd		3,099
	54,480	*	SP Plus Corp		1,431
	152,752		Sporton International, Inc		734
	102,293		Stantec, Inc		6,252
	398,933		Steelcase, Inc (Class A)		6,626
	643,414	*	Stericycle, Inc		73,105
	453,080	*,e	Swisher Hygiene, Inc		204
	319,000		Taiwan Secom Co Ltd		818
	238,000		Taiwan-Sogo Shinkong Security Corp		328
	62,684	*	Team, Inc		2,687
	267,171		Teleperformance		15,482
	48,100		Temp Holdings Co Ltd		1,275
	248,013	*	Tetra Tech, Inc		7,339
	486,000		Tianjin Capital Environmental Protection Group Co Ltd		232
	225,147	e	Tomra Systems ASA		2,162
	59,400		Toppan Forms Co Ltd		552
	400,829		Toppan Printing Co Ltd		2,866
	121,231		Towers Watson & Co		13,826
	149,096		Tox Free Solutions Ltd		464

40

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	188,230	e	Transcontinental, Inc	$	2,726
	1,845,726		Transfield Services Ltd		1,437
	1,869,502	*	Transpacific Industries Group Ltd		1,992
	53,213	*	TRC Cos, Inc		354
	235,390	*	TrueBlue, Inc		6,887
	3,422,311		Tyco International Ltd		145,106
	59,950		Unifirst Corp		6,591
	387,000	e	United Envirotech Ltd		458
	156,660		United Stationers, Inc		6,434
	74,489		USG People NV		1,202
	1,118,562	*	Verisk Analytics, Inc		67,069
	79,379		Viad Corp		1,908
	17,594		VSE Corp		927
	133,525	*	WageWorks, Inc		7,492
	162,416		Waste Connections, Inc		7,124
	704,195	e	Waste Management, Inc		29,625
	5,200	e	Weathernews, Inc		138
	70,884		West Corp		1,696
	520,624		Yem Chio Co Ltd		391
	22,100	*	Yumeshin Holdings Co Ltd		196
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		1,445,727
CONSUMER DURABLES & APPAREL - 2.1%
	1,492,000	e	361 Degrees International Ltd		341
	816,000		Ability Enterprise Co Ltd		522
	35,431	*	Accell Group NV		732
	286,716		Adidas-Salomon AG.		31,002
	176,574		Aksa Akrilik Kimya Sanayii		563
	1,845,735		Alok Industries Ltd		201
	163,300		Alpine Electronics, Inc		2,136
	592,940		Altek Corp		666
	157,226		Amer Sports Oyj (A Shares)		3,342
	239,117	*,e	American Apparel, Inc		120
	2,123,949		AmTRAN Technology Co Ltd		1,359
	4,077,900	e	Anta Sports Products Ltd		6,807
	563,541		Arcelik AS		3,148
	57,973		Arctic Cat, Inc		2,771
	68,600		Arezzo Industria e Comercio S.A.		831
	220,700	e	Aruze Corp		4,026
	749,950		Arvind Ltd		2,189
	123,651		Asics Corp		2,431
	216,000		Atsugi Co Ltd		245
	2,501,741		Avermedia Technologies		1,110
	39,460	*,e	Bang & Olufsen AS (B Shares)		460
	1,460,971		Barratt Developments plc		10,070
	15,040		Basic House Co Ltd		315
	43,437		Bassett Furniture Industries, Inc		645
	47,290		Bata India Ltd		905
	84,680	*,e	Beazer Homes USA, Inc		1,700
	159,251		Bellway plc		4,409
	52,989	*,e	Beneteau S.A.		855
	299,527		Berkeley Group Holdings plc		13,105

41

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	8,494		Bijou Brigitte AG.	$	865
	57,000		Bizlink Holdings Inc		304
	78,679	*,e	Black Diamond, Inc		962
	31,771	e	Blyth, Inc		341
	289,945		Bombay Dyeing & Manufacturing Co Ltd		269
	3,107,300	e	Bosideng International Holdings Ltd		470
	167,313		Bovis Homes Group plc		2,503
	405,192	*	Brookfield Incorporacoes S.A.		261
	29,200	*	BRP, Inc		765
	69,348	e	Brunello Cucinelli S.p.A		1,837
	301,960		Brunswick Corp		13,676
	199,621		Burberry Group plc		4,641
	159,580	*	BWG Homes ASA		288
	278,263	e	Callaway Golf Co		2,844
	250,922		Carter’s, Inc		19,484
	31,619		Casio Computer Co Ltd		374
	21,811	*	Cavco Industries, Inc		1,711
	380,200	*	Chengde Nanjiang Co Ltd		136
	2,296,000	*	Chigo Holding Ltd		55
	3,160,400		China Dongxiang Group Co		629
	3,848,000	*,e	China Haidian Holdings Ltd		448
	1,466,000		China Lilang Ltd		1,048
	20,400		Chofu Seisakusho Co Ltd		525
	47,356		Christian Dior S.A.		9,095
	22,600		Cia Providencia Industria e Comercio S.A.		80
	829,494		Cie Financiere Richemont S.A.		79,248
	165,000	*,e	Clarion Co Ltd		259
	52,000		Cleanup Corp		521
	977,614		Coach, Inc		48,548
	58,323	e	Columbia Sportswear Co		4,820
	1,372,700	*,e	Consorcio ARA, S.A. de C.V.		615
	17,000		Corona Corp		175
	654,100	*,e,m	Corp GEO S.A. de C.V. (Series B)		0	^
	424,285		Crest Nicholson Holdings plc		2,782
	490,579	*	CROCS, Inc		7,653
	32,672		CSS Industries, Inc		882
	26,398		Culp, Inc		521
	1,658,481		Cyrela Brazil Realty S.A.		9,985
	30,200		Daidoh Ltd		188
	6,800		Daikoku Denki Co Ltd		147
	158,450	*,e	Deckers Outdoor Corp		12,633
	43,270	e	De’Longhi S.p.A.		975
	54,590		Descente Ltd		430
	247,600		Direcional Engenharia S.A.		1,092
	35,533		Dorel Industries, Inc (Class B)		1,189
	3,031,058		DR Horton, Inc		65,622
	439,940		Eclat Textile Co Ltd		5,101
	1,353,530	e	Electrolux AB (Series B)		29,636
	248,000		Embry Holdings Ltd		149
	78,100	e	Ethan Allen Interiors, Inc		1,988
	565,600		Even Construtora e Incorporadora S.A.		1,894
	434,000		Evergreen International Holdin		53

42

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	32,198	*,e	EveryWare Global, Inc	$	147
	157,900		Ez Tec Empreendimentos e Participacoes S.A.		1,959
	292,271		Feng TAY Enterprise Co Ltd		858
	20,500		Fields Corp		299
	12,823		Fila Korea Ltd		1,061
	55,300		Fiyta Holdings Ltd		44
	16,736		Flexsteel Industries, Inc		630
	4,038		Forbo Holding AG.		4,239
	677,020		Formosa Taffeta Co Ltd		757
	81,034		Forus S.A.		360
	221,207	*	Fossil Group, Inc		25,795
	80,710		Foster Electric Co Ltd		982
	160,000		France Bed Holdings Co Ltd		299
	94,000	e	Fujibo Holdings Inc		247
	142,000		Fujitsu General Ltd		1,373
	24,800	*,e	Funai Electric Co Ltd		247
	696,000		Gafisa S.A.		1,095
	165,535	e	Garmin Ltd		9,147
	113,353	e	Geox S.p.A.		511
	29,496	e	Gerry Weber International AG.		1,459
	301,949		Giant Manufacturing Co Ltd		2,058
	56,116	*,e	G-III Apparel Group Ltd		4,017
	165,165		Gildan Activewear, Inc		8,323
	32,000	e	Goldwin, Inc		160
	98,272	e	GUD Holdings Ltd		497
	1,000,000		Gunze Ltd		2,652
	1,350,000		Haier Electronics Group Co Ltd		3,664
	18,240		Handsome Co Ltd		453
	803,665		Hanesbrands, Inc		61,464
	38,499		Hansae Co Ltd		814
	54,837		Hanssem Co Ltd		3,608
	284,958		Harman International Industries, Inc		30,320
	2,565,485	e	Hasbro, Inc		142,692
	958,400	*	Haseko Corp		5,993
	234,248		Hefei Meiling Co Ltd		151
	48,500		Heiwa Corp		831
	388,050		Helbor Empreendimentos S.A.		1,356
	124,071	*	Helen of Troy Ltd		8,589
	36,000		Higashi Nihon House Co Ltd		162
	1,031,000	*	Hisense Kelon Electrical Holdings Co Ltd		1,267
	43,983	e	Hooker Furniture Corp		689
	25,700	e	Hoosiers Holdings Co Ltd		150
	880,000		Hosa International Ltd		263
	479,043	*,e	Hovnanian Enterprises, Inc (Class A)		2,266
	72,165		Hugo Boss AG.		9,609
	312,135		Husqvarna AB (B Shares)		2,179
	64,270		Huvis Corp		632
	8,644		IC Companys AS		260
	172,344	*	Iconix Brand Group, Inc		6,768
	100,782	*	Iida Group Holdings Co Ltd		1,396
	47,239		Indesit Co S.p.A.		723
	2,440	*	Installed Building Products Inc		34

43

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	910,000		International Taifeng Holdings Ltd	$	142
	95,164	*,e	iRobot Corp		3,906
	79,700	e	Jakks Pacific, Inc		575
	98,000		Japan Vilene Co Ltd		555
	70,000		Japan Wool Textile Co Ltd		542
	2,511,876	*	Jarden Corp		150,286
	203,699	*	Jinshan Development & Construction Co Ltd		119
	199,932		JM AB		6,566
	78,680		Johnson Health Tech Co Ltd		189
	20,817		Johnson Outdoors, Inc		529
	302,716		Jones Apparel Group, Inc		4,532
	404,100		JVC KENWOOD Holdings, Inc		974
	555,904	*	Kate Spade & Co		20,618
	258,284	e	KB Home		4,388
	1,931,000		Kinpo Electronics		750
	47,150		KMC Kuei Meng International In		201
	983,500		Konka Group Co Ltd		372
	505,000		Kurabo Industries Ltd		910
	472,800		Kwong Fong Industries		323
	2,052		Kyungbang Ltd		267
	428,820		Lao Feng Xiang Co Ltd		1,096
	224,643		La-Z-Boy, Inc		6,088
	864,000		Le Saunda Holdings		412
	812,112		Lealea Enterprise Co Ltd		291
	240,881	*,e	Leapfrog Enterprises, Inc		1,807
	270,120	e	Leggett & Platt, Inc		8,817
	153,256	e	Lennar Corp (Class A)		6,072
	116,424		LG Electronics, Inc		7,117
	38,760		LG Fashion Corp		1,017
	23,985	*	LGI Homes, Inc		414
	1,467,750	*,e	Li Ning Co Ltd		994
	381,356	*	Li Peng Enterprise Co Ltd		178
	63,495	*	Libbey, Inc		1,651
	39,051		Lifetime Brands, Inc		697
	352	*,e	Lululemon Athletica, Inc		19
	3,232,000	*	Lung Cheong International Holdings Ltd		416
	691,000		Luthai Textile Co Ltd		928
	666,732		Luxottica Group S.p.A.		38,524
	317,663		LVMH Moet Hennessy Louis Vuitton S.A.		57,564
	84,798	*	M/I Homes, Inc		1,901
	4,054		Maisons France Confort		205
	267,000		Makalot Industrial Co Ltd		1,485
	2,320	*	Malibu Boats Inc		52
	1,006,800	e	Man Wah Holdings Ltd		1,704
	6,442	*,m	Mariella Burani S.p.A.		0	^
	31,557	e	Marine Products Corp		237
	8,300	e	Mars Engineering Corp		156
	1,467,047		Matsushita Electric Industrial Co Ltd		16,685
	295,440		Mattel, Inc		11,850
	424,400		MC Group PCL		211
	2,413,300		MC Group PCL (ADR)		1,200
	144,423		MDC Holdings, Inc		4,084

44

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	32,100	*,e	Mega Brands, Inc	$	514
	3,648,900	*	Megawide Construction Corp		971
	202,500		Merida Industry Co Ltd		1,347
	126,182	*	Meritage Homes Corp		5,285
	1,538,688	*	Michael Kors Holdings Ltd		143,513
	28,500		Misawa Homes Co Ltd		368
	80,000		Mitsui Home Co Ltd		375
	126,000	e	Mizuno Corp		707
	312,423	*	Mohawk Industries, Inc		42,483
	72,278	*,e	Moncler S.p.A		1,236
	103,121	e	Movado Group, Inc		4,697
	376,798		MRV Engenharia e Participacoes S.A.		1,343
	34,678	e	Mulberry Group plc		413
	17,074		Nacco Industries, Inc (Class A)		926
	5,200	e	Nagawa Co Ltd		122
	908,922		Namco Bandai Holdings, Inc		21,559
	52,000		Nan Liu Enterprise Co Ltd		280
	88,519	*	Nautilus, Inc		852
	2,640	*	New Home Co Inc		38
	54,573	e	New Wave Group AB (B Shares)		384
	1,981,159		Newell Rubbermaid, Inc		59,237
	72,861		Nexity		3,123
	478,129		Nien Hsing Textile Co Ltd		487
	2,455,368		Nike, Inc (Class B)		181,353
	122,049	e	Nikon Corp		1,966
	183,461		Nobia AB		1,623
	60,576	*	NVR, Inc		69,481
	691,531	e	Onward Kashiyama Co Ltd		4,785
	54,362		Oriental Weavers		367
	42,242		Oxford Industries, Inc		3,303
	1,125,637		Pacific Textile Holdings Ltd		1,477
	4,000		Page Industries Ltd		435
	214,000		PanaHome Corp		1,470
	232,585		Pandora AS		15,350
	1,823,198		PDG Realty S.A.		1,157
	402,000	*,m	Peace Mark Holdings Ltd		0	^
	1,569,000	e	Peak Sport Products Co Ltd		424
	15,000		Pegas Nonwovens S.A.		454
	49,096		Perry Ellis International, Inc		675
	371,916		Persimmon plc		8,354
	388,580		Phillips-Van Heusen Corp		48,483
	332,000	*	PIK Group (GDR)		748
	356,300	*,e	Pioneer Corp		764
	8,204,857		Playmates Holdings Ltd		11,225
	556,000	*	Playmates Toys Ltd		261
	282,698		Polaris Industries, Inc		39,496
	71,428	*	Poltrona Frau S.p.A.		291
	147,742		Pool Corp		9,060
	661,000		Ports Design Ltd		346
	6,570,170		Pou Chen Corp		9,298
	246,500		Prada S.p.A		1,930
	6,100	e	Pressance Corp		158

45

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,210,200	e	Prime Success International Group Ltd	$	494
	7,930,000	*	PT Sri Rejeki Isman Tbk		156
	6,084,634		Pulte Homes, Inc		116,764
	454,118	*	Quiksilver, Inc		3,410
	267,001		Rajesh Exports Ltd		395
	57,982	e	Ralph Lauren Corp		9,331
	130,103		Raymond Ltd		660
	316,256		Redrow plc		1,717
	155,700		Restoque Comercio e Confeccoes de Roupas S.A.		417
	38,512		RG Barry Corp		727
	38,666		Rinnai Corp		3,401
	30,800		Rodobens Negocios Imobiliarios S.A.		160
	22,400		Roland Corp		310
	344,556	*	Rossi Residencial S.A.		275
	529,217		Ruentex Industries Ltd		1,267
	173,034		Ryland Group, Inc		6,909
	40,054	*	Safilo Group S.p.A.		849
	49,421		Salvatore Ferragamo Italia S.p.A		1,454
	1,045,000		Sampo Corp		435
	1,227,000		Samson Holding Ltd		166
	443,900	e	Samsonite International		1,375
	32,976		Sangetsu Co Ltd		865
	91,421		Sankyo Co Ltd		3,848
	122,400		Sanyo Electric Taiwan Co Ltd		157
	283,000		Sanyo Shokai Ltd		826
	26,614		SEB S.A.		2,297
	1,001,221		Sega Sammy Holdings, Inc		22,476
	305,000	e	Seiko Holdings Corp		1,218
	1,132,330		Seiren Co Ltd		9,323
	1,481,469		Sekisui Chemical Co Ltd		15,387
	2,512,571		Sekisui House Ltd		31,076
	481,900	*	Shanghai Haixin Group Co		238
	327,202	*,e	Sharp Corp		996
	655,000	e	Shenzhou International Group Holdings Ltd		2,082
	72,691		Shimano, Inc		7,312
	221,000		Shinkong Textile Co Ltd		286
	174,000		Sitoy Group Holdings Ltd		99
	158,585	*	Skechers U.S.A., Inc (Class A)		5,795
	94,189	*	Skullcandy, Inc		865
	2,557,702		Skyworth Digital Holdings Ltd		1,408
	292,961	*,e	Smith & Wesson Holding Corp		4,283
	876,666		Socovesa S.A.		203
	5,351,267	e	Sony Corp		101,927
	33,400		SRI Sports Ltd		405
	574,196	*	Standard-Pacific Corp		4,772
	47,000		Starts Corp, Inc		597
	4,007,315	e	Steinhoff International Holdings Ltd		19,381
	962,000		Stella International Holdings Ltd		2,302
	291,138	*	Steven Madden Ltd		10,475
	62,624	e	Sturm Ruger & Co, Inc		3,745
	366,254		Sumitomo Forestry Co Ltd		3,675
	35,000		Sun Corp		343

46

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	39,933		Swatch Group AG.	$	25,051
	264,803		Swatch Group AG. (Registered)		30,708
	121,000	*,e	Sxl Corp		134
	97,000		Tainan Enterprises Co Ltd		108
	727,755		Tainan Spinning Co Ltd		551
	192,600		Taiwan Paiho Ltd		232
	20,400		Taiwan Sakura Corp		16
	142,093	e	Takamatsu Corp		2,523
	23,000	*,e	Tama Home Co Ltd		190
	18,500	e	Tamron Co Ltd		437
	1,787,298	*	Tatung Co Ltd		558
	19,246	*	Taylor Morrison Home Corp		452
	6,199,340		Taylor Woodrow plc		12,186
	792,000	e	TCL Multimedia Technology Holdings Ltd		306
	39,000		Technos S.A.		258
	3,009,617		Techtronic Industries Co		8,403
	151,800	*	Tecnisa S.A.		532
	340,682	*	Tempur-Pedic International, Inc		17,262
	668,000	e	Texhong Textile Group Ltd		787
	852,000		Texwinca Holdings Ltd		916
	332,161	*	Thomson		2,396
	3,108,000		Time Watch Investments Ltd		430
	203,365		Titan Industries Ltd		896
	14,445	e	Tod’s S.p.A.		1,875
	8,290		Token Corp		377
	399,184	*	Toll Brothers, Inc		14,331
	126,426	*,e	TomTom NV		853
	72,168		Tomy Co Ltd		334
	74,000		Toung Loong Textile Manufacturing		243
	605,520	*,e	TRI Pointe Homes, Inc		9,828
	10,988	*	Trigano S.A.		301
	1,198,000	e	Trinity Ltd		313
	232,000		TSI Holdings Co Ltd		1,533
	17,056		TTK Prestige Ltd		871
	304,168	*	Tumi Holdings, Inc		6,883
	181,902		Tupperware Corp		15,236
	21,233	*	UCP, Inc (Class A)		320
	83,971	*	Under Armour, Inc (Class A)		9,626
	65,300		UNICASA Industria de Moveis S.A.		111
	55,291	*	Unifi, Inc		1,276
	624,000	*,e	Unitika Ltd		344
	60,582	*	Universal Electronics, Inc		2,326
	591,479	*,e,m	Urbi Desarrollos Urbanos S.A. de C.V		53
	1,476		Vardhman Textiles Ltd		9
	67,046	*,e	Vera Bradley, Inc		1,810
	201,118	*	Vestel Beyaz Esya Sanayi ve Ticaret AS		287
	179,066	*	Vestel Elektronik Sanayi		142
	1,470,543		VF Corp		90,997
	36,082	*,e	Vince Holding Corp		951
	288,627		Wacoal Holdings Corp		2,948
	29,115	*,e	WCI Communities, Inc		575
	131,500	e	Weiqiao Textile Co		73

47

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	3,780,000	e	Welling Holding Ltd	$	1,152
	16,200	e	West Holdings Corp		195
	23,801		Weyco Group, Inc		643
	356,690		Whirlpool Corp		53,311
	28,254	*	Whirlpool of India Ltd		109
	65,769	*	William Lyon Homes, Inc		1,816
	812,554	e	Wolverine World Wide, Inc		23,198
	26,618	*	Woongjin Chemical Co Ltd		350
	196,847		Woongjin Coway Co Ltd		13,796
	323,131		Wuxi Little Swan Co Ltd		363
	2,228,500	e	XTEP International Holdings		955
	30,188		Yamaha Corp		388
	83,000		YGM Trading Ltd		171
	20,800		Yondoshi Holdings, Inc		357
	31,260		Youngone Corp		1,163
	10,670		Youngone Holdings Co Ltd		667
	1,934,907		Yue Yuen Industrial Holdings		6,305
	134,012	*	Zagg, Inc		619
	46,764		Zeng Hsing Industrial Co Ltd		251
	11,000		Zhonglu Co Ltd		9
	250,596		Zig Sheng Industrial Co Ltd		82
			TOTAL CONSUMER DURABLES & APPAREL		2,654,274
CONSUMER SERVICES - 2.3%
	482,856		888 Holdings plc		1,213
	39,300		Abril Educacao S.A.		482
	3,353,749		Accor S.A.		171,635
	216,900		Accordia Golf Co Ltd		2,436
	262,926		Advtech Ltd		190
	5,100	e	Aeon Fantasy Co Ltd		65
	249,310		Ainsworth Game Technology Ltd		843
	711,000	e	Ajisen China Holdings Ltd		643
	1,064,402		Alsea SAB de C.V.		3,873
	255,000		Ambassador Hotel		239
	55,568	*,e	American Public Education, Inc		1,949
	739,700		Anhanguera Educacional Participacoes S.A.		4,564
	393,999	*	Apollo Group, Inc (Class A)		13,491
	1,596,418	e	ARAMARK Holdings Corp		46,168
	1,243,906		Aristocrat Leisure Ltd		6,215
	52,403	*	Ascent Media Corp (Series A)		3,959
	58,300	e	Atom Corp		292
	147,266		Autogrill S.p.A.		1,509
	248,280	*	Bally Technologies, Inc		16,454
	81,267		Benesse Corp		3,108
	658,451		Berjaya Sports Toto BHD		800
	17,800	e	Best Bridal Inc		104
	90,492		BETFAIR Group Ltd		1,669
	44,851		Betsson AB		1,634
	311,334	*	BHG S.A.-Brazil Hospitality Group		2,079
	79,654	*	BJ’s Restaurants, Inc		2,605
	14,030,800	*	Bloomberry Resorts Corp		3,145
	248,683	*,e	Bloomin’ Brands, Inc		5,993

48

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	92,821		Bob Evans Farms, Inc	$	4,644
	218,713	*	Boyd Gaming Corp		2,887
	62,490	*	Bravo Brio Restaurant Group, Inc		882
	64,277	*,e	Bridgepoint Education, Inc		957
	34,313	*	Bright Horizons Family Solutions		1,342
	417,489		Brinker International, Inc		21,897
	59,842	*	Buffalo Wild Wings, Inc		8,910
	3,210,984	e	Burger King Worldwide, Inc		85,252
	128,794	*,e	Caesars Entertainment Corp		2,448
	744,000		Cafe de Coral Holdings Ltd		2,252
	74,306		Capella Education Co		4,692
	218,535	*	Career Education Corp		1,630
	2,206,939		Carnival Corp		83,555
	89,052		Carnival plc		3,402
	46,206	e	Carriage Services, Inc		843
	96,100	*	Carrols Restaurant Group, Inc		689
	85,087		CBRL Group, Inc		8,274
	1,107,900		Central Plaza Hotel PCL		1,037
	1,514,040		Century City International		109
	181,861		Cheesecake Factory		8,662
	5,750,000		China Travel International Inv HK		1,150
	149,252	*	Chipotle Mexican Grill, Inc (Class A)		84,783
	13,708	e	Choice Hotels International, Inc		631
	42,318		Churchill Downs, Inc		3,864
	496,077	*,e	Chuy’s Holdings, Inc		21,401
	11,133		Cie des Alpes		248
	66,425	e	City Lodge Hotels Ltd		738
	31,761	*	Club Mediterranee S.A.		778
	70,548		ClubCorp Holdings, Inc		1,333
	70,000	e	Colowide Co Ltd		713
	692,994		Compass Group plc		10,581
	127,525	e	Consumers’ Waterheater Income Fund		1,313
	298,705	*,e	Corinthian Colleges, Inc		412
	77,087		Corporate Travel Management Lt		454
	63,279		Cox & Kings India Ltd		170
	2,888		Credu Corp		131
	230,564		Crown Ltd		3,566
	9,000	e	Daisyo Corp		108
	2,158,766		Darden Restaurants, Inc		109,579
	635,801	*	Del Frisco’s Restaurant Group, Inc		17,739
	466,902	*	Denny’s Corp		3,002
	117,035		DeVry, Inc		4,961
	75,465	*	Diamond Resorts International, Inc		1,279
	70,551	*	Dignity plc		1,725
	60,035		DineEquity, Inc		4,687
	35,277	*,e	Diversified Restaurant Holdings, Inc		176
	76,259		Domino’s Pizza Enterprises Ltd		1,415
	177,441		Domino’s Pizza UK & IRL plc		1,633
	197,464		Domino’s Pizza, Inc		15,199
	33,400		Doutor Nichires Holdings Co Ltd		588
	82,212		Dunkin Brands Group, Inc		4,125
	2,885,400	e	Dynam Japan Holdings Co Ltd		8,631

49

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	23,636,892		Echo Entertainment Group Ltd	$	53,803
	84,427	*,e	Education Management Corp		411
	67,227		EIH Ltd		82
	27,000		Einstein Noah Restaurant Group, Inc		444
	1,445,000		Emperor Entertainment Hotel Ltd		577
	1,950,848		Enjoy S.A.		199
	619,582	*	Enterprise Inns plc		1,513
	1,474,000		Erawan Group PCL		177
	302,800		Estacio Participacoes S.A.		3,051
	31,247	*	Euro Disney SCA		180
	3,216,349		Extended Stay America, Inc		73,236
	97,333		Famous Brands Ltd		918
	98,982	*	Fiesta Restaurant Group, Inc		4,513
	367,633		First Hotel		234
	150,131	e	Flight Centre Ltd		7,325
	119,037		Formosa International Hotels Corp		1,413
	79,000		Fortuna Entertainment Group NV		523
	78,000	e	Fuji Kyuko Co Ltd		800
	69,000		Fujita Kanko, Inc		221
	775,476	e	G8 Education Ltd		3,667
	3,298,155	*	Galaxy Entertainment Group Ltd		28,787
	4,854,856		Genting BHD		14,890
	80,672,628	e	Genting International plc		85,796
	229,000		Gourmet Master Co Ltd		1,778
	14,929		Graham Holdings Co		10,506
	140,901	*	Grand Canyon Education, Inc		6,580
	64,500		Grand Korea Leisure Co Ltd		2,659
	97,157	*	Great Canadian Gaming Corp		1,255
	297,078		Greene King plc		4,476
	226,992		GTECH S.p.A.		6,896
	663,000	e	GuocoLeisure Ltd		488
	1,260,259		H&R Block, Inc		38,047
	12,020		Hana Tour Service, Inc		835
	218,527		Hillenbrand, Inc		7,065
	79,854	*	Hilton Worldwide Holdings, Inc		1,776
	26,500	e	Hiramatsu Inc		173
	115,097		HIS Co Ltd		6,554
	456,000		Hotel Properties Ltd		1,074
	48,006		Hotel Shilla Co Ltd		3,888
	61,699	*,e	Houghton Mifflin Harcourt Co		1,254
	254,050		Huangshan Tourism Development Co Ltd		307
	102,209	*	Hyatt Hotels Corp		5,500
	7,700		Ichibanya Co Ltd		317
	23,767	*,e	Ignite Restaurant Group, Inc		334
	245,919		Indian Hotels Co Ltd		300
	47,175		InterContinental Hotels Group plc		1,519
	192,564		International Game Technology		2,707
	72,000		International Meal Co Holdings S.A.		546
	105,025		International Speedway Corp (Class A)		3,570
	598,187		Interval Leisure Group, Inc		15,637
	112,262		Intralot S.A.-Integrated Lottery Systems & Services		357
	40,001	*	Intrawest Resorts Holdings Inc		522

50

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	122,071	e	Invocare Ltd	$	1,227
	81,276	*	Isle of Capri Casinos, Inc		623
	73,719	*,e	ITT Educational Services, Inc		2,114
	201,387	*,e	Jack in the Box, Inc		11,870
	96,088	*	Jamba, Inc		1,153
	449,400		Jollibee Foods Corp		1,716
	54,500	e	JP-Holdings Inc/Japan		245
	15,464	*,e	JTH Holding, Inc		429
	85,686	*,e	K12, Inc		1,941
	104,130		Kangwon Land, Inc		3,038
	31,300	*,e	Kappa Create Co Ltd		299
	23,300	e	Kisoji Co Ltd		427
	13,900		Koshidaka Holdings Co Ltd		359
	815,333		Kosmopolito Hotels International Ltd		155
	334,673	*,e	Krispy Kreme Doughnuts, Inc		5,934
	371,200		Kroton Educacional S.A.		8,163
	3,916		Kuoni Reisen Holding		1,759
	12,400		Kura Corp		249
	32,000		Kyoritsu Maintenance Co Ltd		1,079
	7,216,355		Ladbrokes plc		16,256
	356,500	*	Landmarks BHD		110
	3,717,969		Las Vegas Sands Corp		300,338
	147,925	*,e	Life Time Fitness, Inc		7,115
	324,807	*	LifeLock, Inc		5,557
	78,617		Lincoln Educational Services Corp		296
	81,055	*	Luby’s, Inc		499
	2,776,000	*,e	Macau Legend Development Ltd		2,317
	1,111,680		Macquarie Leisure Trust Group		2,579
	73,281		Marcus Corp		1,224
	1,465,609		Marriott International, Inc (Class A)		82,103
	112,007	*	Marriott Vacations Worldwide Corp		6,262
	726,257		Marston’s plc		1,744
	24,100	e	Matsuya Foods Co Ltd		419
	95,408		Matthews International Corp (Class A)		3,894
	1,869,911		McDonald’s Corp		183,307
	8,164	e	McDonald’s Holdings Co Japan Ltd		219
	14,858		MegaStudy Co Ltd		996
	15,400		Meiko Network Japan Co Ltd		165
	7,889,600	*	Melco Crown Philippines Resorts Corp		2,291
	1,059,000		Melco International Development		3,561
	52,300	*	Melco PBL Entertainment Macau Ltd (ADR)		2,021
	1,130,000	*,g	Merlin Entertainments plc		7,102
	2,084,400		MGM China Holdings Ltd		7,364
	807,859	*	MGM Mirage		20,891
	228,103		Millennium & Copthorne Hotels plc		2,152
	4,855,890		Minor International PCL (Foreign)		3,724
	244,500	*	Mitchells & Butlers plc		1,859
	300,000	*	MK Restaurants Group PCL		497
	9,783		Modetour Network, Inc		226
	43,281	*	Monarch Casino & Resort, Inc		802
	99,134	*	Morgans Hotel Group Co		797
	32,000		MOS Food Services, Inc		644

51

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	222,827	*	Multimedia Games, Inc	$	6,471
	2,374,000		NagaCorp Ltd		2,478
	9,232	*	Nathan’s Famous, Inc		452
	244,709		Navitas Ltd		1,658
	252,771		NET Holding AS		274
	193,580	*	NH Hoteles S.A.		1,377
	19,759	*,e	Noodles & Co		780
	70,990	*	Norwegian Cruise Line Holdings Ltd		2,291
	30,000	e	Ohsho Food Service Corp		1,009
	815,826		OPAP S.A.		13,099
	11,582	*	Orascom Development Holding AG.		185
	207,081	e	Oriental Land Co Ltd		31,481
	2,390,495	*	Orient-Express Hotels Ltd (Class A)		34,447
	362,000	e	Overseas Union Enterprise Ltd		645
	24,500	e	Pacific Golf Group International Holdings KK		236
	128,393		Paddy Power plc		10,173
	506,436		Paliburg Holdings Ltd		160
	41,809	*	Panera Bread Co (Class A)		7,378
	168,025		Papa John’s International, Inc		8,756
	52,500		Paradise Co Ltd		1,605
	822,625	e	PartyGaming plc		1,740
	102,899	*	Penn National Gaming, Inc		1,268
	657,720		Philweb Corp		75
	187,237	*	Pinnacle Entertainment, Inc		4,438
	77,400		Plenus Co Ltd		1,798
	125,848	*	Popeyes Louisiana Kitchen, Inc		5,114
	22,860	*,e	Potbelly Corp		409
	952,398	e	Raffles Education Corp Ltd		220
	46,360	*	Red Robin Gourmet Burgers, Inc		3,323
	621,000		Regal Hotels International Holdings Ltd		308
	181,506		Regis Corp		2,487
	3,159,800		Resorts World BHD		4,066
	180,500		Resorttrust, Inc		2,796
	407,212		Restaurant Group plc		4,843
	118,308		Retail Food Group Ltd		480
	26,577,466	e	REXLot Holdings Ltd		3,091
	100,634	*	Rezidor Hotel Group AB		683
	19,200	e	Ringer Hut Co Ltd		275
	23,344	*,e	Riso Kyoiku Co Ltd		58
	75,200		Round One Corp		644
	704,059		Royal Caribbean Cruises Ltd		38,413
	81,000		Royal Holdings Co Ltd		1,165
	230,127	*,e	Ruby Tuesday, Inc		1,291
	193,175		Ruth’s Chris Steak House, Inc		2,336
	32,200	e	Saizeriya Co Ltd		399
	4,685,979		Sands China Ltd		35,145
	236,546	*	Scientific Games Corp (Class A)		3,248
	81,033		SeaWorld Entertainment, Inc		2,450
	602,007		Service Corp International		11,968
	224,984		Shanghai Jinjiang International Hotels Development Co Ltd		323
	2,168,000		Shanghai Jinjiang International Hotels Group Co Ltd		552

52

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	107,249		Shanghai Jinjiang International Travel Co Ltd	$	191
	226,120		Shangri-La Asia Ltd		371
	2,859		Shinsegae Food Co Ltd		230
	544,321		Six Flags Entertainment Corp		21,855
	4,855,813		SJM Holdings Ltd		13,680
	24,771		SkiStar AB (Series B)		318
	1,252,114		Sky City Entertainment Group Ltd		4,273
	30,012	*	SM Culture & Contents Co Ltd		108
	11,428		Sodexho Alliance S.A.		1,198
	53,463	e	Sol Melia S.A.		689
	322,542	*	Sonic Corp		7,351
	219,045		Sotheby’s (Class A)		9,539
	43,750		Speedway Motorsports, Inc		819
	1,079,781		Spirit Pub Co plc		1,463
	53,000		Spur Corp Ltd		144
	8,200		St Marc Holdings Co Ltd		403
	944,000		Stamford Land Corp Ltd		439
	37,000	e	Starbucks Coffee Japan Ltd		409
	3,366,247		Starbucks Corp		247,015
	880,104		Starwood Hotels & Resorts Worldwide, Inc		70,056
	5,608	*	Steak N Shake Co		2,734
	66,714	*	Steiner Leisure Ltd		3,086
	77,108	*,e	Strayer Education, Inc		3,580
	160,417		Sun International Ltd		1,442
	1,506,300		Ta Enterprise BHD		379
	112,026		Tabcorp Holdings Ltd		355
	206,238		Tattersall’s Ltd		555
	197,497		Texas Roadhouse, Inc (Class A)		5,151
	1,992,476	*	Thomas Cook Group plc		5,996
	238,634		Tim Hortons, Inc (Toronto)		13,198
	6,502	*	Tipp24 SE		508
	215,000		Tokyo Dome Corp		1,101
	169,000	e	Tokyotokeiba Co Ltd		503
	18,100	e	Toridoll.corp		172
	90,690		Town Sports International Holdings, Inc		770
	1,786,000	e	Tsui Wah Holdings Ltd		1,038
	409,023		TUI AG.		6,824
	535,995		TUI Travel plc		3,917
	36,549		Unibet Group plc (ADR)		1,835
	82,823		Universal Technical Institute, Inc		1,073
	111,597	e	Vail Resorts, Inc		7,778
	23,700	e	Watami Co Ltd		346
	49,285	e	Weight Watchers International, Inc		1,012
	138,211	e	Wendy’s		1,261
	133,299		Wetherspoon (J.D.) plc		1,905
	61,100		Whistler Blackcomb Holdings, Inc		839
	628,275		Whitbread plc		43,609
	143,308	*	William Hill plc		815
	86,000		Wowprime Corp		1,250
	635,201		Wyndham Worldwide Corp		46,516
	3,973,490	e	Wynn Macau Ltd		16,538
	71,096		Wynn Resorts Ltd		15,794

53

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	22,000		Xiao Nan Guo Restaurants Holdings Ltd	$	4
	325,000		YBM Sisa.com, Inc		1,208
	50,000		Yomiuri Land Co Ltd		230
	138,700	e	Yoshinoya D&C Co Ltd		1,768
	713,574		Yum! Brands, Inc		53,796
	78,600	e	Zensho Co Ltd		769
			TOTAL CONSUMER SERVICES		2,861,192
DIVERSIFIED FINANCIALS - 3.8%
	832,558		3i Group plc		5,529
	33,714	e	ABC Arbitrage		237
	5,372,017		Aberdeen Asset Management plc		35,013
	30,064		Ackermans & Van Haaren		3,801
	319,200	*,e	Acom Co Ltd		1,020
	54,490	e	Aeon Credit Service Co Ltd		1,229
	20,000		Aeon Credit Service M BHD		90
	832,943	*	Affiliated Managers Group, Inc		166,630
	665,825		AFP Habitat S.A.		887
	1,694,257	e	African Bank Investments Ltd		1,730
	198,669	e	AGF Management Ltd		2,302
	394,100	*,e	Aiful Corp		1,204
	29,377		Aker ASA (A Shares)		948
	96,725	e	Alaris Royalty Corp		2,616
	65,346		Altamir Amboise		977
	555,101	*	American Capital Ltd		8,765
	3,453,078		American Express Co		310,881
	1,738,463		Ameriprise Financial, Inc		191,353
	875,206		Apollo Investment Corp		7,273
	256,420		Apollo Management LP		8,154
	715,649		ARA Asset Management Ltd		1,051
	544,808		Ares Capital Corp		9,600
	60,258		Artisan Partners Asset Management, Inc		3,872
	417,704	e	Ashmore Group plc		2,315
	12,981	*,m	Asia Pacific Investment Partners Limited		99
	1,387,200		Asia Plus Securities PCL		146
	6,685,000	e	Asian Pay Television Trust		3,933
	134,200		Asset Managers Co Ltd		472
	59,321		Aurelius AG.		2,255
	199,555		Australian Stock Exchange Ltd		6,687
	24,694		Avanza AB		948
	286,507		Ayala Corp		3,700
	2,215	*,m	Ayala Corp Preferred		0^
	303,620		Azimut Holding S.p.A.		10,846
	5,332		Bajaj Auto Finance Ltd		160
	190,787		Banca Generali S.p.A		6,300
	79,448		Banca IFIS S.p.A.		1,752
	319,925	e	Banca Profilo S.p.A.		203
	1,700,086		Bank of New York Mellon Corp		59,996
	571,197		BGC Partners, Inc (Class A)		3,736
	60,986		BinckBank NV		721
	283,630	e	BlackRock Kelso Capital Corp		2,601
	263,163		BlackRock, Inc		82,759

54

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,325,799		Blackstone Group LP	$	44,083
	2,228,411		BM&F Bovespa S.A.		11,049
	17,844,073		Bolsa de Valores de Colombia		196
	612,700	e	Bolsa Mexicana de Valores S.A. de C.V.		1,208
	90,213		Bolsas y Mercados Espanoles		3,672
	31,677	*	Boursorama		528
	721,587	*	Brait S.A.		3,647
	391,343		Brewin Dolphin Holdings plc		2,208
	161,394		BT Investment Management Ltd		1,095
	85,021		Bure Equity AB		362
	287,000		Bursa Malaysia BHD		664
	81,500		Calamos Asset Management, Inc (Class A)		1,054
	5,804		California First National Bancorp		89
	99,782		Canaccord Financial, Inc		740
	1,145,136		Capital One Financial Corp		88,359
	1,293,300		Capital Securities Corp		477
	54,006		Capital Southwest Corp		1,875
	8,881	e	Capitala Finance Corp		171
	110,535	e	Cash America International, Inc		4,280
	317,200		CBOE Holdings, Inc		17,954
	167,699	*	Cembra Money Bank AG.		11,425
	84,001		Century Leasing System, Inc		2,355
	222,707		CETIP S.A.-Balcao Organizado de Ativos e Derivativos		2,699
	913,070		Chailease Holding Co Ltd		2,202
	1,348,118		Challenger Financial Services Group Ltd		8,021
	2,890,324		Charles Schwab Corp		78,993
	1,130,000		China Bills Finance Corp		438
	4,109,000	*,e	China Cinda Asset Management Co Ltd		2,339
	1,313,200		China Everbright Ltd		1,681
	4,800,000	*,e	China Galaxy Securities Co Ltd		2,926
	144,665	e	China Merchants China Direct Investments Ltd		177
	3,236		Cholamandalam DBS Finance Ltd		16
	253,852	e	CI Financial Corp		8,007
	731,895	*	Citadel Capital Corp		481
	1,720,700	e	CITIC Securities Co Ltd		3,599
	384,033		Close Brothers Group plc		9,053
	1,098,731		CME Group, Inc		81,317
	58,970	e	Cohen & Steers, Inc		2,350
	3,347,300	e	Compartamos SAB de C.V.		6,117
	961,275	*	Concord Securities Corp		265
	56,256	*	Consumer Portfolio Services, Inc		385
	430,310		Coronation Fund Managers Ltd		4,044
	25,734		Corp Financiera Alba		1,536
	79,504		Corp Financiera Colombiana S.A.		1,509
	359,935	*	Cowen Group, Inc		1,587
	36,143	*,e	Credit Acceptance Corp		5,138
	1,953,600		Credit China Holdings Ltd		457
	73,968		Credit Saison Co Ltd		1,471
	2,616,475		Credit Suisse Group		84,690
	1,230,300		Credito Real SAB de C.V.		2,024
	198,971		Daewoo Securities Co Ltd		1,538
	64,400		Daishin Securities Co Ltd		541

55

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	38,200		Daishin Securities Co Ltd PF	$	204
	5,160,135		Daiwa Securities Group, Inc		44,833
	130,557	*,e	DeA Capital S.p.A.		238
	18,353	e	Deerfield Capital Corp		149
	792,842		Deutsche Bank AG.		35,534
	20,800	*	Deutsche Beteiligungs AG.		579
	166,313		Deutsche Boerse AG.		13,241
	10,430		Diamond Hill Investment Group, Inc		1,371
	2,215,864		Discover Financial Services		128,941
	152,734	*	Dollar Financial Corp		1,349
	48,713	*	Dundee Corp		695
	570,916	*	E*Trade Financial Corp		13,142
	30,650	*	East Capital Explorer AB		239
	257,725		Eaton Vance Corp		9,835
	3,322		EFG Financial Products Holding AG.		689
	74,481	e	EFG International		969
	692,917		Egypt Kuwait Holding Co		734
	1,004,992	*	Egyptian Financial Group-Hermes Holding		1,778
	231,300	*	Element Financial Corp		3,115
	83,277	*,e	Encore Capital Group, Inc		3,806
	14,977		Eurazeo		1,345
	162,663		Evercore Partners, Inc (Class A)		8,987
	68,099		Exor S.p.A.		3,056
	196,911	*	Ezcorp, Inc (Class A)		2,125
	507,342		F&C Asset Management plc		1,032
	2,109,200		Far East Horizon Ltd		1,553
	38,207	*	FBR & Co		987
	89,316	e	Federated Investors, Inc (Class B)		2,728
	49,993	e	Fidus Investment Corp		965
	519,499	*	Fifth Street Finance Corp		4,914
	262,956		Financial Engines, Inc		13,353
	14,200	e	Financial Products Group Co Ltd		151
	96,741	*	First Cash Financial Services, Inc		4,882
	29,631	*,e	First Marblehead Corp		179
	2,830,785		First Pacific Co		2,822
	32,789	e	Firsthand Technology Value Fund, Inc		700
	6,165,695	e	FirstRand Ltd		21,140
	256,583		FlexiGroup Ltd		859
	133,250		Fonterra Shareholders’ Fund		701
	431,367		Franklin Resources, Inc		23,371
	61,515	e	Friedman Billings Ramsey Group, Inc (Class A)		1,629
	11,812,834		Fubon Financial Holding Co Ltd		16,061
	24,594,634		Fuhwa Financial Holdings Co Ltd		12,430
	39,200		Fuyo General Lease Co Ltd		1,410
	116,889	e	FXCM, Inc		1,726
	36,658		Gain Capital Holdings, Inc		396
	24,892		GAMCO Investors, Inc (Class A)		1,933
	19,828	e	Garrison Capital, Inc		280
	11,700		GCA Savvian Group Corp		101
	267,469		GFI Group, Inc		950
	25,342		Gimv NV		1,296
	81,809	e	Gladstone Capital Corp		825

56

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	98,120	e	Gladstone Investment Corp	$	811
	188,722	*	Global Infratech & Finance Ltd		128
	73,595		Gluskin Sheff + Associates, Inc		2,126
	72,466		GMP Capital, Inc		487
	1,671,658		Goldman Sachs Group, Inc		273,901
	131,811	e	Golub Capital BDC, Inc		2,351
	98,367	*	Green Dot Corp		1,921
	91,747	e	Greenhill & Co, Inc		4,769
	70,102		Groupe Bruxelles Lambert S.A.		7,003
	883	*,m	Groupe Bruxelles Lambert S.A. - (Strip VVPR)		0	^
	12,441	*	Grupo de Inversiones Suramericana S.A.		232
	128,000	e	Grupo Financiero Interacciones S.A. de C.V.		766
	72,474	*,e	GSV Capital Corp		735
	198,840		GT Capital Holdings, Inc		3,490
	568,000	e	Guotai Junan International Hol		306
	1,438,784		Haci Omer Sabanci Holding AS		5,584
	3,800,800	e	Haitong Securities Co Ltd		5,058
	6,863		Hankook Tire Worldwide Co Ltd		136
	84,290	*	Hanwha Securities Co		292
	286,331		Hargreaves Lansdown plc		6,965
	104,233		Hellenic Exchanges S.A.		1,302
	2,406,652		Henderson Group plc		10,585
	235,998	e	Hercules Technology Growth Capital, Inc		3,320
	205,966		HFF, Inc (Class A)		6,923
	183,300		Hitachi Capital Corp		3,915
	8,930		HMC Investment Securities Co Ltd		85
	896,086		Hong Kong Exchanges and Clearing Ltd		13,609
	33,366	e	Horizon Technology Finance Corp		417
	138,937		Hyundai Securities Co		846
	30,500		IBJ Leasing Co Ltd		768
	130,820		ICAP plc		824
	142,100		Ichiyoshi Securities Co Ltd		1,897
	2,454,586		IFCI Ltd		1,094
	856,027		IG Group Holdings plc		8,963
	150,483	e	IGM Financial, Inc		7,097
	105,440	e	IMF Australia Ltd		174
	68,224	*,e	Imperial Holdings, Inc		392
	167,436		India Infoline Ltd		219
	357,737		Indiabulls Housing Finance Ltd		1,427
	18,736		Indiabulls Securities Ltd		6
	30,521		Industrivarden AB		592
	947,571		Infrastructure Development Finance Co Ltd		1,944
	15,389,547	*	ING Groep NV		218,865
	508,943	*,e	ING Groep NV (ADR)		7,252
	258,141		ING US, Inc		9,363
	90,020		Interactive Brokers Group, Inc (Class A)		1,951
	179,983	*,m	Interbolsa S.A.		0	^
	508,482		IntercontinentalExchange Group, Inc		100,593
	963,871		Intermediate Capital Group plc		6,656
	52,828	*,e	International Assets Holding Corp		994
	306,254		International Personal Finance plc		2,618
	144,255	*	Internet Capital Group, Inc		2,946

57

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	92,596		Inversiones La Construccion S.A.	$	1,249
	1,167,075		Invesco Ltd		43,182
	282,672		Investec Ltd		2,275
	148,426		Investec plc		1,202
	145,493	*	Investment Technology Group, Inc		2,939
	519,366		Investor AB (B Shares)		18,813
	269,921		IOOF Holdings Ltd		2,221
	14,984		Is Finansal Kiralama AS.		6
	180,117		Is Yatirim Menkul Degerler AS		104
	47,319	e	iShares China Large-Cap ETF		1,693
	205,595	e	iShares MSCI Canada Index Fund		6,075
	1,036,331	e	iShares MSCI EAFE Index Fund		69,610
	481,133	e	iShares MSCI Emerging Markets		19,722
	149,069	e	iShares Russell 2000 Index Fund		17,343
	61,069	*,m	Itausa-Investimentos Itau S.A. (ADR)		249
	57,200		Iwai Securities Co Ltd		623
	74,000	e	J Trust Co Ltd		934
	160,000		Jaccs Co Ltd		671
	88,817	*,e	Jafco Co Ltd		3,979
	574,316	e	Janus Capital Group, Inc		6,243
	1,518,700		Japan Securities Finance Co Ltd		8,805
	25,896	*	JGWPT Holdings, Inc		473
	2,324,930		Jih Sun Financial Holdings Co Ltd		642
	54,833		JMP Group, Inc		390
	236,561		JSE Ltd		2,141
	213,483		Julius Baer Group Ltd		9,481
	266,296		Julius Baer Holding AG.		4,807
	671,064		Jupiter Investment Management Group Ltd		4,490
	1,537,000	e	K1 Ventures Ltd		239
	93,800		kabu.com Securities Co Ltd		445
	9,920,000	*	Kai Yuan Holdings Ltd		219
	507,397	*	Kailash Auto Finance Ltd		348
	41,429	*,e	KBC Ancora		1,592
	103,211	e	KCAP Financial, Inc		894
	248,459	*	KCG Holdings, Inc		2,964
	602,414		Kinnevik Investment AB (Series B)		22,254
	20,933		KIWOOM Securities Co Ltd		1,052
	45,480		Korea Investment Holdings Co Ltd		1,577
	38,000	*,e	Kosei Securities Co Ltd		90
	48,900		Krungthai Card PCL		52
	82,410	*	KTB Securities Co Ltd		197
	47,580		Kyobo Securities Co		266
	21,900	e	Kyokuto Securities Co Ltd		366
	323,895	*	Ladenburg Thalmann Financial Services, Inc		978
	395,310		Lazard Ltd (Class A)		18,615
	1,007,546		Legg Mason, Inc		49,410
	560,896		Leucadia National Corp		15,705
	84,574		London Stock Exchange Group plc		2,780
	124,129		LPL Financial Holdings, Inc		6,522
	47,919		Lundbergs AB (B Shares)		2,267
	317,692	e	Macquarie Group Ltd		17,131
	148,871	e	Magellan Financial Group Ltd		1,898

58

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	255,653		Mahindra & Mahindra Financial Services Ltd	$	1,081
	146,335	*,e	Main Street Capital Corp		4,809
	31,000,792		Man Group plc		52,332
	441,436		Manappuram General Finance & Leasing Ltd		159
	65,016		Manning & Napier, Inc		1,090
	25,816	*,e	Marcus & Millichap, Inc		461
	238,000	*	Marfin Investment Group S.A		173
	182,485		MarketAxess Holdings, Inc		10,807
	31,481		Marlin Business Services Corp		655
	210,600		Marusan Securities Co Ltd		1,720
	1,973,000		Masterlink Securities Corp		659
	656,500	e	Matsui Securities Co Ltd		6,666
	283,770		MCG Capital Corp		1,075
	71,544		Medallion Financial Corp		945
	5,845,457	*	Mediobanca S.p.A.		66,910
	155,424	e	Medley Capital Corp		2,115
	149,004		Meritz finance Holdings Co Ltd		1,097
	619,540		Meritz Securities Co Ltd		1,330
	12,181,000		Metro Pacific Investments Corp		1,288
	29,791		Mirae Asset Securities Co Ltd		1,162
	258,000	e	Mito Securities Co Ltd		1,118
	331,960	*	Mitsubishi UFJ Lease & Finance Co Ltd		1,630
	67,199		MLP AG.		446
	1,997,800	e	Monex Beans Holdings, Inc		7,765
	1,432,226		Moody’s Corp		113,604
	8,719,241		Morgan Stanley		271,779
	326,500	*	MPHB Capital BHD		182
	237,604	*	MSCI, Inc (Class A)		10,222
	1,531,700	*	Mulpha International BHD		195
	1,164,600		Multi-Purpose Holdings BHD		1,066
	89,590	e	MVC Capital, Inc		1,214
	315,949		NASDAQ OMX Group, Inc		11,671
	85,968		Nelnet, Inc (Class A)		3,516
	168,357		New Mountain Finance Corp		2,450
	104,214	*	NewStar Financial, Inc		1,444
	86,053	e	NGP Capital Resources Co		582
	76,683		NH Investment & Securities Co Ltd		378
	4,010		NICE Holdings Co Ltd		52
	40,312		Nicholas Financial, Inc		634
	3,111,372		Nomura Holdings, Inc		19,959
	146,920		Nordnet AB (Series B)		617
	155,823		Northern Trust Corp		10,216
	4,867,866	e	NZX Ltd		5,417
	36,341		Oaktree Capital Group LLC		2,114
	202,000	e	Okasan Holdings, Inc		1,702
	58,285	e	OKO Bank (Class A)		1,298
	92,052		Onex Corp		5,111
	38,778		Oppenheimer Holdings, Inc		1,088
	18,269	*	Oresund Investment AB		558
	351,000	*,e	Orient Corp		706
	4,506,100	*	ORIX Corp		63,509
	324,800	e	Osaka Securities Exchange Co Ltd		7,939

59

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	720,575		OSK Holdings BHD	$	369
	10,010		Pargesa Holding S.A.		867
	3,836		Partners Group		1,077
	54,754	e	PennantPark Floating Rate Capital Ltd		757
	255,437	e	PennantPark Investment Corp		2,823
	517,000	*,m	Peregrine Investment Holdings		0	^
	129,509	e	Perpetual Trustees Australia Ltd		6,021
	332,453	*,e	PHH Corp		8,591
	82,264		Philippine Stock Exchange, Inc		541
	99,868	*	Pico Holdings, Inc		2,596
	378,585	*	Pioneers Holding		613
	65,195	*	Piper Jaffray Cos		2,986
	419,702		Platinum Asset Mangement Ltd		2,912
	18,600		Pocket Card Co Ltd		102
	161,836	*	Portfolio Recovery Associates, Inc		9,364
	625,012		Power Finance Corp Ltd		2,025
	66,000	e	PowerShares QQQ Trust Series		5,787
	1,686,509		President Securities Corp		949
	1,128,887	e	Prospect Capital Corp		12,192
	201,954		Provident Financial plc		6,681
	50,093		Pzena Investment Management, Inc (Class A)		590
	5,134		Rathbone Brothers		155
	226,916	e	Ratos AB (B Shares)		2,105
	669,610		Raymond James Financial, Inc		37,451
	9,075	e	RCS Capital Corp (Class A)		353
	50,425	*,e	Regional Management Corp		1,243
	331,860		Reliance Capital Ltd		1,926
	590,272		Remgro Ltd		11,482
	38,266		Resource America, Inc (Class A)		328
	159,362	*	RHJ International		801
	17,700		Ricoh Leasing Co Ltd		421
	849,679		RMB Holdings Ltd		3,867
	561,967		Rural Electrification Corp Ltd		2,166
	79,763	*,e	Safeguard Scientifics, Inc		1,769
	182,619		Samsung Card Co		5,949
	76,961		Samsung Securities Co Ltd		2,831
	56,735	*	Santander Consumer USA Holdings, Inc		1,366
	300,100	*,e	Sawada Holdings Co Ltd		2,466
	43,827		SBI Holdings, Inc		528
	115,736		Schroders plc		5,019
	26,309		SE Investments Ltd		161
	822,093		SEI Investments Co		27,631
	5	*,m	SFCG Co Ltd		0	^
	200,211		Shriram Transport Finance Co Ltd		2,576
	12,100		Silvercrest Asset Management Group, Inc		221
	985,356		Singapore Exchange Ltd		5,445
	126,570	*	SK Securities Co Ltd		86
	80,955	*	SKS Microfinance Pvt Ltd		277
	975,937		SLM Corp		23,891
	768,475	*,e,m	SNS Reaal		11
	202,095		Solar Capital Ltd		4,402
	49,608	e	Solar Senior Capital Ltd		849

60

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	124,900	e	Sparx Group Co Ltd	$	248
	87,641	e	SPDR S&P MidCap 400 ETF Trust		21,960
	953,001	e	SPDR Trust Series 1		178,249
	83,712	*,e	Springleaf Holdings, Inc		2,105
	63,868		Sprott, Inc		209
	409,246		SREI Infrastructure Finance Ltd		186
	2,852,730		State Street Corp		198,407
	46,223	e	Stellus Capital Investment Corp		665
	248,172	*	Stifel Financial Corp		12,349
	5,354		Sundaram Finance Ltd		59
	569,360		Suramericana de Inversiones S.A.		10,539
	10,731		Swissquote Group Holding S.A.		443
	113,610	*	SWS Group, Inc		850
	1,279,287		T Rowe Price Group, Inc		105,349
	451,088	e	Tai Fook Securities Group Ltd		237
	416,000		Taiwan Acceptance Corp		1,094
	170,000	*	Takagi Securities Co Ltd		517
	121,971	e	TCP Capital Corp		2,019
	374,401		TD Ameritrade Holding Corp		12,711
	239,511		Tetragon Financial Group Ltd		2,472
	124,185	e	THL Credit, Inc		1,714
	200,831	e	TICC Capital Corp		1,964
	22,000		TMX Group Ltd		1,074
	478,880		Tokai Tokyo Securities Co Ltd		4,016
	61,642		Tong Yang Investment Bank		141
	272,000		Toyo Securities Co Ltd		930
	125,333		Transpac Industrial Holdings Ltd		161
	105,550		Triangle Capital Corp		2,733
	90,800	e	Tricon Capital Group, Inc		658
	305,076		Tullett Prebon plc		1,436
	10,769,711		UBS AG.		222,861
	957,565		UOB-Kay Hian Holdings Ltd		1,271
	142,337	*,e	Uranium Participation Corp		720
	897,000	e	Value Partners Group Ltd		544
	36,888	*	Virtus Investment Partners, Inc		6,388
	30,606		Vontobel Holding AG.		1,211
	181,952		Vostok Nafta Investment Ltd (ADR)		1,420
	254,912		Waddell & Reed Financial, Inc (Class A)		18,767
	141,375	*,e	Walter Investment Management Corp		4,217
	79,492		Warsaw Stock Exchange		1,033
	3,677,611		Waterland Financial Holdings		1,137
	29,809		Wendel		4,634
	25,043		Westwood Holdings Group, Inc		1,570
	23,888	e	WhiteHorse Finance, Inc		336
	586,251	*,e	WisdomTree Investments, Inc		7,692
	16,707		Woori Financial Co Ltd		341
	143,783		Woori Investment & Securities Co Ltd		1,197
	27,327	*,e	World Acceptance Corp		2,052
	618,554		Zeder Investments Ltd		245
	51,400	e	Zenkoku Hosho Co Ltd		1,355
			TOTAL DIVERSIFIED FINANCIALS		4,743,953

61

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
ENERGY - 8.9%
	264,204	*	Abraxas Petroleum Corp	$	1,046
	1,046,418		Acergy S.A.		19,451
	9,965		Adams Resources & Energy, Inc		577
	17,261,727		Adaro Energy Tbk		1,502
	218,307	*	Advantage Oil & Gas Ltd		1,078
	8,843,606	*	Afren plc		20,837
	20,157		Aker Kvaerner ASA		314
	273,100		Alam Maritim Resources BHD		118
	145,165		Alliance Holdings GP LP		9,018
	190,167	e	Alon USA Energy, Inc		2,841
	964,508	*,e	Alpha Natural Resources, Inc		4,099
	158,649	e	AltaGas Income Trust		6,501
	382,294		AMEC plc		7,160
	1,104,678	*,e	Amerisur Resources plc		1,018
	89,406	*,e	Amyris Biotechnologies, Inc		333
	2,178,112		Anadarko Petroleum Corp		184,617
	213,782		Anglo Pacific Group plc		642
	567,368	*,e	Antero Resources Corp		35,517
	1,276,000	e	Anton Oilfield Services Group		814
	75,300		AOC Holdings, Inc		196
	1,050,356		Apache Corp		87,127
	28,703	*,e	APCO Argentina, Inc		415
	122,486	*,e	Approach Resources, Inc		2,561
	1,448,752	e	ARC Energy Trust		39,905
	823,140	e	Arch Coal, Inc		3,968
	256,739	*,e	Archer Ltd		335
	548,964	*	Athabasca Oil Corp		3,953
	129,630	*	Athlon Energy, Inc		4,595
	175,745	*	Atwood Oceanics, Inc		8,856
	472,198	*	Aurora Oil and Gas Ltd		1,797
	1,610,704	*	Australian Worldwide Exploration Ltd		2,266
	1,584,992		Baker Hughes, Inc		103,056
	266,700		Bangchak Petroleum PCL		258
	807,401	*	Bankers Petroleum Ltd		3,929
	6,539,800	*	Banpu PCL (Foreign)		5,642
	118,417	*	Basic Energy Services, Inc		3,246
	197,443	e	Baytex Energy Trust		8,130
	3,747,021		Beach Petroleum Ltd		5,946
	470,731	*	Bellatrix Exploration Ltd		3,981
	3,935,206		BG Group plc		73,468
	269,672		Bharat Petroleum Corp Ltd		2,083
	176,724	*,e	Bill Barrett Corp		4,524
	117,699	*	Birchcliff Energy Ltd		1,171
	437,200	*	BlackPearl Resources, Inc		1,040
	34,646		Bolt Technology Corp		685
	92,950	*	Bonanza Creek Energy, Inc		4,127
	220,600	e	Bonavista Energy Trust		3,227
	27,826	e	Bonterra Oil & Gas Ltd		1,348
	90,097	e	Bourbon S.A.		2,960
	343,096	e	Boustead Singapore Ltd		510
	626,799	*	BowLeven plc		307

62

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	15,285,431		BP plc	$	122,819
	1,408,782		BP plc (ADR)		67,762
	410,510	*,e	BPZ Energy, Inc		1,305
	5,465,000	*,e	Brightoil Petroleum Holdings Ltd		1,719
	139,611		Bristow Group, Inc		10,543
	2,189,100		Bumi Armada BHD		2,623
	65,049	*	BUMI plc		250
	274,423	*,e	Buru Energy Ltd		325
	977,382		BW Offshore Ltd		1,265
	174,761	*,e	C&J Energy Services, Inc		5,096
	2,724,135		Cabot Oil & Gas Corp		92,294
	677,397	*	Cairn Energy plc		1,886
	1,073,253		Cairn India Ltd		5,993
	358,857	*,e	Cal Dive International, Inc		610
	64,743	e	Calfrac Well Services Ltd		2,060
	148,486	*	Callon Petroleum Co		1,243
	224,937		Caltex Australia Ltd		4,603
	819,136	e	Cameco Corp		18,758
	339,172	e	Cameco Corp (Toronto)		7,765
	257,026	*	Cameron International Corp		15,877
	76,200	*	Canacol Energy Ltd		481
	69,200		Canadian Energy Services & Technology Corp		1,795
	2,021,759		Canadian Natural Resources Ltd (Canada)		77,487
	1,296,813	e	Canadian Oil Sands Trust		27,203
	161,459		Canyon Services Group, Inc		1,999
	310,000		Capital Product Partners LP		3,395
	69,683	e	CARBO Ceramics, Inc		9,616
	146,821	*	Carrizo Oil & Gas, Inc		7,849
	116,143		CAT Oil AG.		2,430
	601,934		Cenovus Energy, Inc (Toronto)		17,407
	137,400	*	Cequence Energy Ltd		318
	59,490	*	CHC Group Ltd		440
	1,910,512	*	Cheniere Energy, Inc		105,747
	1,524,240		Chesapeake Energy Corp		39,051
	7,484,625		Chevron Corp		889,997
	11,691,900	e	China Coal Energy Co		6,609
	4,316,470		China Oilfield Services Ltd		10,177
	8,857,399		China Shenhua Energy Co Ltd		25,647
	1,441,000		China Suntien Green Energy Cor		478
	1,749,000		Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd		503
	481,747		Cimarex Energy Co		57,381
	29,212	*	Clayton Williams Energy, Inc		3,301
	211,134	*,e	Clean Energy Fuels Corp		1,888
	238,648	*	Cloud Peak Energy, Inc		5,045
	38,638,700		CNOOC Ltd		58,500
	1,030,280		Coal India Ltd		4,979
	1,147,561	*	Cobalt International Energy, Inc		21,023
	20,071	*,e	Compagnie Generale de Geophysique S.A.		322
	187,873	e	Comstock Resources, Inc		4,293
	546,542	*	Concho Resources, Inc		66,951
	4,020,206		ConocoPhillips		282,822

63

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,444,902		Consol Energy, Inc	$	57,724
	72,523		Contango Oil & Gas Co		3,462
	289,396	*,e	Continental Resources, Inc		35,963
	35,216		Core Laboratories NV		6,988
	210,174		Cosan SA Industria e Comercio		3,266
	653,000	e	Cosmo Oil Co Ltd		1,181
	263,604	e	Crescent Point Energy Corp		9,621
	136,728	*	Crew Energy, Inc		1,087
	49,052		CropEnergies AG.		349
	34,106	e	CVR Energy, Inc		1,441
	31,089		Dawson Geophysical Co		871
	868,650		Dayang Enterprise Holdings BHD		999
	205,866	*	Deep Sea Supply plc		333
	90,300	*	DeeThree Exploration Ltd		774
	14,889		Delek Group Ltd		5,947
	248,386		Delek US Holdings, Inc		7,213
	1,485,560		Denbury Resources, Inc		24,363
	395,408	*,e	Denison Mines Corp		583
	81,995	*,e	Det Norske Oljeselskap ASA		861
	835,496		Devon Energy Corp		55,920
	33,959	e	Diamond Offshore Drilling, Inc		1,656
	89,699	*	Diamondback Energy, Inc		6,038
	720,345	*	DNO International ASA		2,748
	874,616	*,e	Dolphin Group AS.		819
	1,102,597		Dragon Oil plc		10,413
	371,469	*	Dresser-Rand Group, Inc		21,698
	1,115,890	*,e	Drillsearch Energy Ltd		1,731
	259,428	*	Dril-Quip, Inc		29,082
	719,000		Dyna-Mac Holdings Ltd		220
	7,916,475		Ecopetrol S.A.		16,179
	15,308	e	Ecopetrol S.A. (ADR)		624
	207,938	*,e	Electromagnetic GeoServices AS		256
	205,694	*,e	Emerald Oil, Inc		1,382
	1,014,761		Empresas COPEC S.A.		13,259
	102,011		Enbridge Income Fund		2,445
	698,844	e	Enbridge, Inc		31,740
	692,400	e	EnCana Corp		14,787
	169,078	*,e	Endeavour International Corp		550
	155,018	e	Enerflex Ltd		2,468
	250,762		Energen Corp		20,264
	1,110,000		Energy Absolute PCL		340
	769,200		Energy Earth PCL		140
	1,003,961	*,e	Energy Resources of Australia Ltd		1,243
	278,662	e	Energy XXI Bermuda Ltd		6,568
	296,242	e	Enerplus Resources Fund		5,922
	3,463,623		ENI S.p.A.		86,855
	1,623,123	*	Enquest plc (London)		3,358
	24,510		Ensco plc		1,294
	258,693		Ensign Energy Services, Inc		3,824
	1,483,734		EOG Resources, Inc		291,064
	1,464,025	*,e	EP Energy Corp		28,651
	165,979	*,e	EPL Oil & Gas, Inc		6,407

64

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	139,198	e	Equal Energy Ltd	$	638
	788,733		Equitable Resources, Inc		76,483
	76,350	*	Era Group, Inc		2,238
	63,657		ERG S.p.A.		1,030
	411,996	*,e	Essar Energy plc		466
	293,100	e	Essential Energy Services Ltd		724
	4,782		Esso SA Francaise		260
	1,545,400		Esso Thailand PCL (Foreign)		291
	113,849		Etablissements Maurel et Prom		1,751
	97,692		Eurasia Drilling Co Ltd (GDR)		2,504
	47,837	*	Euronav NV		561
	53,217		Evolution Petroleum Corp		677
	2,344,875	e	EXCO Resources, Inc		13,131
	83,653		Exmar NV		1,374
	225,007	e	Exterran Holdings, Inc		9,873
	16,189,345	z	Exxon Mobil Corp		1,581,375
	2,849,800	e	Ezion Holdings Ltd		4,903
	858,200	e	Ezra Holdings Ltd		746
	190,854	*	Faroe Petroleum plc		368
	1,000,505	*	FMC Technologies, Inc		52,316
	451,376	*	Forest Oil Corp		862
	1,783,680		Formosa Petrochemical Corp		4,548
	134,138	*	Forum Energy Technologies, Inc		4,156
	136,747	e	Frank’s International NV		3,389
	103,633		Fred Olsen Energy ASA		3,455
	130,513	e	Freehold Royalty Trust		2,748
	206,955	*,e	Frontline Ltd		813
	139,399		Fugro NV		8,565
	177,218	*,e	FX Energy, Inc		592
	186,367		Galp Energia SGPS S.A.		3,217
	100,834		GasLog Ltd		2,348
	261,122	*	Gastar Exploration, Inc		1,428
	9,852,879		Gazprom OAO (ADR)		76,008
	58,995		Gazpromneft OAO (ADR)		1,218
	8,880,000	*,e	Genesis Energy Holdings Ltd		258
	361,000	*,e	Geo Energy Resources Ltd		90
	41,482	*,e	Geospace Technologies Corp		2,745
	417,809	e	Gibson Energy, Inc		10,835
	82,046	e	Golar LNG Ltd		3,421
	95,171	*,e	Goodrich Petroleum Corp		1,506
	95,325		Green Plains Renewable Energy, Inc		2,856
	103,186	*	Grupa Lotos S.A.		1,297
	201,101		GS Holdings Corp		9,127
	118,398		Gujarat Mineral Development Corp Ltd		261
	58,597		Gulf Island Fabrication, Inc		1,266
	1,014,809	*,e	Gulf Keystone Petroleum Ltd		1,461
	100,859		Gulfmark Offshore, Inc		4,533
	212,970	*	Gulfport Energy Corp		15,159
	884,460	*,e	Halcon Resources Corp		3,830
	24,020	e	Hallador Petroleum Co		205
	4,159,164		Halliburton Co		244,933
	1,924		Hankook Shell Oil Co Ltd		839

65

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	40,992		Hargreaves Services plc	$	540
	402,960	*	Helix Energy Solutions Group, Inc		9,260
	126,310		Hellenic Petroleum S.A.		1,264
	560,702		Helmerich & Payne, Inc		60,309
	595,635	*	Hercules Offshore, Inc		2,734
	204,744	*	Heritage Oil Ltd		811
	1,455,480		Hess Corp		120,630
	190,900	*	Hibiscus Petroleum BHD		110
	1,888,000	*,e	Hidili Industry International Development Ltd		220
	5,183,000	e	Hilong Holding Ltd		2,854
	45,851	*	Hoegh LNG Holdings Ltd		415
	377,337		Holly Corp		17,954
	1,549,000	e	Honghua Group Ltd		383
	1,241,663	*,e	Horizon Oil Ltd		357
	136,892	*	Hornbeck Offshore Services, Inc		5,723
	242,659		Hunting plc		3,491
	1,153,865	e	Husky Energy, Inc		34,611
	86,200		Idemitsu Kosan Co Ltd		1,773
	418,019	e	Imperial Oil Ltd		19,466
	2,962,846		Inner Mongolia Yitai Coal Co		3,573
	1,904,700		Inpex Holdings, Inc		24,733
	294,160	e	Inter Pipeline Ltd		7,767
	105,046	*,e	Iofina plc		89
	801,421	*	ION Geophysical Corp		3,374
	149,020	*	Ipek Matbacilik Sanayi Ve Ticaret AS		169
	18,559,600		IRPC PCL (Foreign)		1,971
	3,133	*,e	Isramco, Inc		415
	364,700	*	Ithaca Energy, Inc		907
	144,453		Itochu Enex Co Ltd		831
	6,100	e	Japan Drilling Co Ltd		261
	3,544		Japan Petroleum Exploration Co		118
	824,568		John Wood Group plc		10,556
	45,052	*	Jones Energy, Inc (Class A)		682
	1,292,491		JX Holdings, Inc		6,231
	278,350	*	Karoon Gas Australia Ltd		661
	243,655	*	Kelt Exploration Ltd		2,832
	588,490	*	Key Energy Services, Inc		5,438
	353,371	e	Keyera Facilities Income Fund		22,404
	384	*	Kinder Morgan Management LLC		28
	1,367,293		Kinder Morgan, Inc		44,423
	168,256	*,e	KiOR, Inc (Class A)		96
	103,575		Knightsbridge Tankers Ltd		1,403
	1,722,637	*	KNM Group BHD		410
	2,126,564	*	Kodiak Oil & Gas Corp		25,816
	54,173	e	Koninklijke Vopak NV		3,024
	216,792	*	Kosmos Energy LLC		2,385
	1,226,000	*,e	KrisEnergy Ltd		727
	195,625	e	Kumba Resources Ltd		2,599
	527,368		Kvaerner ASA		1,126
	125,526	*,e,m	L&L Energy, Inc		105
	389,760	*,e	Laredo Petroleum Holdings, Inc		10,079
	180,800	*	Legacy Oil & Gas, Inc		1,189

66

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	251,207	e	Lightstream Resources Ltd	$	1,277
	58,600	e	Longview Oil Corp		291
	74,939		Lubelski Wegiel Bogdanka S.A.		3,108
	923,129	e	LUKOIL (ADR)		51,343
	27,156	*	Lundin Petroleum AB		559
	202,693		Magellan Midstream Partners LP		14,136
	621,871	*,e	Magnum Hunter Resources Corp		5,286
	3,054,138		Marathon Oil Corp		108,483
	1,642,562		Marathon Petroleum Corp		142,969
	254,291	*	Maridive & Oil Services SAE		267
	982,964	*	Matador Resources Co		24,073
	192,832	*	Matrix Service Co		6,514
	105,932	e	Maurel & Prom Nigeria		693
	152,731	*,e	Maverick Drilling & Exploration Ltd		46
	431,398	*,e	McDermott International, Inc		3,374
	80,494	*	MEG Energy Corp		2,720
	121,397	*,e	Midstates Petroleum Co, Inc		651
	3,850,000	e	MIE Holdings Corp		725
	112,163	*,e	Miller Petroleum, Inc		660
	52,585	*	Mitcham Industries, Inc		733
	28,500		Modec, Inc		721
	58,106		MOL Hungarian Oil and Gas plc		3,270
	4,993,117	*	Mongolia Energy Co ltd		139
	41,423		Motor Oil Hellas Corinth Refineries S.A.		542
	225,667	e	Mullen Group Ltd		5,665
	834,510		Murphy Oil Corp		52,457
	2,449,503		Nabors Industries Ltd		60,380
	48,350	*	Naphtha Israel Petroleum Corp Ltd		361
	1,314,564		National Oilwell Varco, Inc		102,365
	53,204	*	Natural Gas Services Group, Inc		1,604
	335,707	e	Neste Oil Oyj		6,845
	1,474,366		New Zealand Oil & Gas Ltd		979
	299,943	*	Newfield Exploration Co		9,406
	2,808,000	e	Newocean Energy Holdings Ltd		2,179
	370,285	*	Newpark Resources, Inc		4,240
	77,600	*,e	Niko Resources Ltd		151
	266,000		Nippon Coke & Engineering Co Ltd		319
	90,879		Noble Corp plc		2,975
	1,526,515		Noble Energy, Inc		108,444
	267,141	e	Nordic American Tanker Shipping		2,629
	134,286		North Atlantic Drilling Ltd		1,187
	248,837	*,e	Northern Oil And Gas, Inc		3,638
	203,998		NovaTek OAO (GDR)		22,475
	53,871	*,e	Nuverra Environmental Solutions, Inc		1,093
	140,779	*	NuVista Energy Ltd		1,220
	213,582	*	Oasis Petroleum, Inc		8,913
	3,302,688		Occidental Petroleum Corp		314,713
	47,514		Ocean Yield ASA		291
	341,870		Oceaneering International, Inc		24,567
	318,027		Oil India Ltd		2,578
	1,511,614	*	Oil Refineries Ltd		418
	1,834,118		Oil Search Ltd		14,397

67

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	111,995	*	Oil States International, Inc	$	11,043
	388,888		OMV AG.		17,652
	1,329,165		Oneok, Inc		78,753
	945,134	*	Ophir Energy plc		3,787
	1,181,085		Origin Energy Ltd		15,687
	1,903,000	*,e	Pacific Radiance Ltd		1,599
	498,251		Pacific Rubiales Energy Corp (Toronto)		8,973
	995,999	*,e	Paladin Resources Ltd		431
	23,404		Panhandle Oil and Gas, Inc (Class A)		1,021
	73,589	*	Paramount Resources Ltd (Class A)		3,175
	137,100	*	Parex Resources, Inc		1,178
	444,220	*	Parker Drilling Co		3,150
	204,286	e	Parkland Income Fund		3,947
	145,326	e	Pason Systems, Inc		3,676
	925,004		Patterson-UTI Energy, Inc		29,304
	5,276		Paz Oil Co Ltd		797
	244,434	e	PBF Energy, Inc		6,306
	137,826	*	PDC Energy, Inc		8,581
	246,670		Peabody Energy Corp		4,031
	681,339	e	Pembina Pipeline Income Fund		25,873
	488,499	e	Pengrowth Energy Trust		2,956
	215,359	*,e	Penn Virginia Corp		3,767
	353,949	e	Penn West Energy Trust		2,958
	376,880	*	Perdana Petroleum BHD		220
	592,200	*	Perisai Petroleum Teknologi BHD		280
	41,975		Petrofac Ltd		1,006
	4,444,476		Petroleo Brasileiro S.A.		29,303
	390,800	e	Petroleo Brasileiro S.A. (ADR)		5,139
	7,074,582		Petroleo Brasileiro S.A. (Preference)		49,201
	265,125	e	Petroleum Geo-Services ASA		3,226
	747,518		Petronas Dagangan BHD		7,033
	170,619	*	Petroquest Energy, Inc		973
	1,516,154	e	Peyto Energy Trust		51,732
	50,000	*,m	Peyto Exploration & Development Corp		1,706
	48,236	*	PHI, Inc		2,134
	132,300	*	Philex Petroleum Corp		24
	2,866,925		Phillips 66		220,925
	265,717	*	Pioneer Energy Services Corp		3,441
	680,068		Pioneer Natural Resources Co		127,268
	163,345		Plains GP Holdings LP		4,570
	1,391,876	*,e	Polarcus Ltd		1,081
	2,472,444		Polish Oil & Gas Co		3,632
	385,299		Polski Koncern Naftowy Orlen S.A.		5,510
	100,100	*,m	Poseidon Concepts Corp		1
	280,700		Precision Drilling Trust		3,362
	656,098		Premier Oil plc		3,229
	286,541		ProSafe ASA		2,291
	13,068,000	*	PT Benakat Petroleum Energy		135
	17,070,000	*	PT Bumi Resources Minerals Tbk		357
	588,200		PT Bumi Resources Tbk		14
	73,392,000	*	PT Energi Mega Persada Tbk		645
	595,000	*	PT Golden Eagle Energy Tbk		316

68

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,810,500		PT Harum Energy Indonesia Tbk	$	351
	2,943,000		PT Indika Energy Tbk		153
	525,400		PT Indo Tambangraya Megah		1,133
	1,520,000		PT Medco Energi Internasional Tbk		366
	401,000		PT Resource Alam Indonesia Tbk		62
	19,026,500	*	PT Sugih Energy Tbk		749
	1,563,634		PT Tambang Batubara Bukit Asam Tbk		1,291
	3,450,630		PTT Exploration & Production PCL (Foreign)		16,706
	1,328,850		PTT PCL (Foreign)		12,084
	256,200		QGEP Participacoes S.A.		917
	432,666		Questar Market Resources, Inc		12,738
	477,537	*,e	Quicksilver Resources, Inc		1,256
	192,100	*	Raging River Exploration, Inc		1,547
	878,228		Range Resources Corp		72,867
	308,610	*,e	Red Fork Energy Ltd		30
	1,142,564		Refineria La Pampilla S.A. Relapasa		98
	2,538,388		Reliance Industries Ltd		39,641
	221,538	*,e	Renewable Energy Group, Inc		2,654
	1,701,531		Repsol YPF S.A.		43,456
	256,344	*,e	Resolute Energy Corp		1,846
	138,823	*	Rex Energy Corp		2,597
	297,000	*	Rex International Holding Ltd		142
	28,817	*	Rex Stores Corp		1,644
	30,161	*	Rice Energy, Inc		796
	37,215	*	RigNet, Inc		2,003
	118,200	*	RMP Energy Inc		800
	1,431,309	*	Roc Oil Co Ltd		619
	355,101	*,e	Rockhopper Exploration plc		589
	228,737	*	Rosetta Resources, Inc		10,655
	1,482,815	e	Rosneft Oil Co (GDR)		9,888
	529,143	*	Rowan Cos plc		17,822
	6,886,529		Royal Dutch Shell plc (A Shares)		251,618
	3,839,716		Royal Dutch Shell plc (B Shares)		149,904
	691,306	e	RPC, Inc		14,116
	414,645	*	RSP Permian, Inc		11,979
	32,183		Saipem S.p.A.		786
	333,027	*	Salamander Energy plc		564
	153,000		San-Ai Oil Co Ltd		937
	141,115	*,e	Sanchez Energy Corp		4,181
	912,944	*,e	SandRidge Energy, Inc		5,605
	419,899		Santos Ltd		5,264
	5,010,300	*	Sapurakencana Petroleum BHD		6,920
	325,925	*	Saras S.p.A.		569
	1,168,294		Sasol Ltd		65,338
	212,138	e	Savanna Energy Services Corp		1,485
	230,664	*	SBM Offshore NV		4,197
	5,550,875		Schlumberger Ltd		541,210
	24,100	e	Schoeller-Bleckmann Oilfield Equipment AG.		2,819
	569,500	*	Scomi Group BHD		76
	700,473		Scorpio Tankers, Inc		6,984
	114,318		SEACOR Holdings, Inc		9,879
	748,977	e	Seadrill Ltd		26,334

69

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	175,045	e	Seadrill Ltd (Oslo Exchange)	$	6,163
	126,500	e	Secure Energy Services, Inc		2,173
	149,092		SemGroup Corp		9,792
	12,670,060	*,e	Senex Energy Ltd		8,865
	50	*,m	Serval Integrated Energy Services		0	^
	352,100	*,e	Sevan Drilling AS.		211
	219,200		Shandong Molong Petroleum Machinery Co Ltd		57
	72,053		ShawCor Ltd		3,005
	96,900		Shinko Plantech Co Ltd		750
	209,707	e	Ship Finance International Ltd		3,768
	440,254		Showa Shell Sekiyu KK		3,931
	828,800		Siamgas & Petrochemicals PCL(Foreign)		504
	61,000		Sinanen Co Ltd		233
	8,240,000	*,e	Sino Union Energy Investment Group Ltd		426
	1,220,000	e	Sinopec Kantons Holdings Ltd		1,212
	72,717		SK Energy Co Ltd		8,365
	7,504		SK Gas Co Ltd		569
	63,462	*	Societatea Nationala de Gaze Naturale ROMGAZ S.A. (GDR)		635
	441,382		Soco International plc		2,917
	64,051		S-Oil Corp		3,717
	148,942	*,e	Solazyme, Inc		1,729
	371,295	*	Songa Offshore SE		173
	446,700	*	Southern Pacific Resource Corp		133
	1,518,741	*	Southwestern Energy Co		69,877
	3,812,615		Spectra Energy Corp		140,838
	109,222		Sprott Resource Corp		246
	816,000	e	SPT Energy Group, Inc		403
	159,028	e	Spyglass Resources Corp		262
	199,990		St. Mary Land & Exploration Co		14,257
	1,587,832		Statoil ASA		44,800
	194,301	*	Stone Energy Corp		8,155
	2,362,681		Suncor Energy, Inc		82,518
	247,978		Suncor Energy, Inc (NY)		8,669
	373,194	*	Sundance Energy Australia Ltd		333
	463,288		Superior Energy Services		14,251
	178,200	e	Surge Energy, Inc		990
	1,891,108		Surgutneftegaz (ADR)		13,959
	316,700		Surgutneftegaz (ADR) (London)		2,306
	635,000	e	Swiber Holdings Ltd		337
	165,982	*,e	Swift Energy Co		1,786
	156,663	*	Synergy Resources Corp		1,684
	70,300	*,e	TAG Oil Ltd		193
	5,567,521		Talisman Energy, Inc		55,564
	4,292,031	e	Talisman Energy, Inc (Toronto)		42,784
	368,277		Targa Resources Investments, Inc		36,555
	399,880	e	Tatneft (GDR)		13,731
	76,751		Technip S.A.		7,912
	51,591	e	Tecnicas Reunidas S.A.		2,916
	70,954		Teekay Corp		3,990
	232,547	e	Teekay Tankers Ltd (Class A)		823
	607,658		Tenaris S.A.		13,428

70

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	227,000	*	Termbray Petro-King Oilfield Services Ltd	$	88
	158,154	*	Tesco Corp		2,926
	648,030		Tesoro Corp		32,784
	113,404	*	Tethys Oil AB		1,327
	301,149	*	Tetra Technologies, Inc		3,855
	51,431	e	TGC Industries, Inc		306
	293,225	e	TGS Nopec Geophysical Co ASA		9,600
	1,377,000		Thai Oil PCL (Foreign)		2,254
	94,945	e	Tidewater, Inc		4,616
	63,379	e	TMK OAO (GDR)		555
	234,335		TonenGeneral Sekiyu KK		2,068
	85,500		TORC Oil & Gas Ltd		936
	45,006		Total Energy Services, Inc		786
	4,181,093	e	Total S.A.		275,218
	597,684	*	Tourmaline Oil Corp		28,254
	142,000		Toyo Kanetsu K K		362
	1,256,728	e	TransCanada Corp		57,124
	173,133	*	TransGlobe Energy Corp		1,320
	213,327		Transocean Ltd		8,795
	40,000	e	Transocean Ltd (NYSE)		1,654
	243,795	*,e	Triangle Petroleum Corp		2,009
	182,000		Trican Well Service Ltd		2,303
	254,146	e	Trilogy Energy Corp		6,232
	346,166		Trinidad Drilling Ltd		3,629
	1,294,891		Tullow Oil plc		16,182
	187,440		Tupras Turkiye Petrol Rafine		3,965
	74,343		Turcas Petrolculuk AS		79
	742,600	e	Twin Butte Energy Ltd		1,518
	872,771	*,e	Ultra Petroleum Corp		23,469
	575,600		Ultrapar Participacoes S.A.		13,930
	160,604	*	Unit Corp		10,500
	264,324	*,e	Uranium Energy Corp		349
	487,023	*,e	Ur-Energy, Inc		755
	328,387	*	Vaalco Energy, Inc		2,808
	2,756,573		Valero Energy Corp		146,374
	751,777	*,e	Vantage Drilling Co		1,286
	426,000	e	Veresen, Inc		6,428
	252,115	e	Vermilion Energy Trust		15,747
	134,557	e	W&T Offshore, Inc		2,329
	5,016,515		Wah Seong Corp BHD		2,932
	283,136	*	Warren Resources, Inc		1,359
	1,724,670	*	Weatherford International Ltd		29,940
	68,800	e	Western Energy Services Corp		622
	352,382	e	Western Refining, Inc		13,602
	105,574	e	Westfire Energy Ltd		506
	44,529	*,e	Westmoreland Coal Co		1,326
	208,600	e	Whitecap Resources, Inc		2,328
	850,318	e	Whitehaven Coal Ltd		1,309
	424,749	*	Whiting Petroleum Corp		29,473
	147,200	*	Willbros Group, Inc		1,858
	3,544,341		Williams Cos, Inc		143,829
	1,398,000	m	Wison Engineering Services Co Ltd		178

71

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	978,400		Woodside Petroleum Ltd	$	35,427
	139,419		World Fuel Services Corp		6,148
	72,424		WorleyParsons Ltd		1,020
	372,892	*	WPX Energy, Inc		6,723
	295,238	*,e	Xcite Energy Ltd		297
	3,174,900	e	Yanzhou Coal Mining Co Ltd		2,395
	555,801		Z Energy Ltd		1,880
	146,361	*,e	ZaZa Energy Corp		110
			TOTAL ENERGY		11,140,611
FOOD & STAPLES RETAILING - 1.5%
	166,902		Aeon Co Ltd		1,879
	14,200		Ain Pharmaciez Inc		657
	398,522		Alimentation Couche Tard, Inc		32,231
	370,240		Almacenes Exito S.A.		5,573
	151,094		Andersons, Inc		8,951
	66,679		Arcs Co Ltd		1,303
	45,287	e	Axfood AB		2,505
	377,631		BIM Birlesik Magazalar AS		8,506
	39,862		Bizim Toptan Satis Magazalari AS		382
	2,488,343		Booker Group plc		6,854
	306,928		Brazil Pharma S.A.		521
	733,983		Carrefour S.A.		28,394
	124,197		Casey’s General Stores, Inc		8,394
	14,058		Casino Guichard Perrachon S.A.		1,671
	14,800		Cawachi Ltd		281
	1,328,403		Centros Comerciales Sudamericanos S.A.		4,397
	51,232	*,e	Chefs’ Warehouse Holdings, Inc		1,096
	1,450,800		China Resources Enterprise		4,102
	396,006		Cia Brasileira de Distribuicao Grupo Pao de Acucar		17,409
	7,493		CJ Freshway Corp		199
	355,451	e	Clicks Group Ltd		2,213
	20,860		Cocokara Fine Holdings, Inc		603
	42,356		Colruyt S.A.		2,335
	1,046,200	e	Controladora Comercial Mexicana S.A. de C.V.		4,349
	1,661,400	*	Cosco Capital, Inc		353
	10,500		Cosmos Pharmaceutical Corp		1,226
	1,144,276		Costco Wholesale Corp		127,793
	5,345,800		CP Seven Eleven PCL (Foreign)		7,177
	11,100		Create SD Holdings Co Ltd		375
	4,468,766		CVS Corp		334,532
	5,900		Daikokutenbussaan Co Ltd		162
	534,883	e	Delhaize Group		39,117
	139,324		Distribuidora Internacional de Alimentacion S.A.		1,274
	39,926		Dongsuh Co, Inc		594
	56,849		E-Mart Co Ltd		13,053
	56,158		Empire Co Ltd		3,438
	172,114		Eurocash S.A.		2,275
	58,231	*,e	Fairway Group Holdings Corp		445
	82,581		FamilyMart Co Ltd		3,632
	56,418	*,e	Fresh Market, Inc		1,896
	55,131		George Weston Ltd		4,106

72

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	117,776		Greggs plc	$	993
	10,330		Growell Holdings Co Ltd		583
	350,200	e	Grupo Comercial Chedraui S.a. DE C.V.		1,025
	106,839	*	Hakon Invest AB		3,879
	88,400		Heiwado Co Ltd		1,242
	3,032		Indiabulls Wholesale Service		1
	42,536		Ingles Markets, Inc (Class A)		1,013
	8,800		Itochu-Shokuhin Co Ltd		301
	72,741		Izumiya Co Ltd		366
	4,290,680	e	J Sainsbury plc		22,627
	211,561		Jean Coutu Group PJC, Inc		4,181
	575,412	e	Jeronimo Martins SGPS S.A.		9,656
	98,600		Kasumi Co Ltd		667
	25,900		Kato Sangyo Co Ltd		551
	170,624	e	Kesko Oyj (B Shares)		7,440
	2,291,091		Koninklijke Ahold NV		46,019
	2,083,240		Kroger Co		90,933
	3,300		Kusuri No Aoki Co Ltd		213
	83,119		Lawson, Inc		5,881
	334,705	*,e	Lenta Ltd (ADR)		3,247
	1,414,000	e	Lianhua Supermarket Holdings Co Ltd		806
	28,100	e	Liquor Stores Income Fund		312
	147,007	e	Loblaw Cos Ltd		6,237
	484,847	e	Magnit OAO (GDR)		26,549
	86,339	e	Majestic Wine plc		603
	335,700	*	Marfrig Alimentos S.A.		649
	37,770		MARR S.p.A.		741
	77,233		Maruetsu, Inc		276
	123,234	e	Massmart Holdings Ltd		1,606
	97,300		Matsumotokiyoshi Holdings Co Ltd		3,105
	1,495,902	e	Metcash Ltd		3,635
	274,307		Metro AG.		11,189
	226,083	e	Metro, Inc		13,273
	47,200		Ministop Co Ltd		763
	27,565	*,e	Natural Grocers by Vitamin C		1,203
	69,571	e	North West Co Fund		1,543
	19,000		Okuwa Co Ltd		170
	774,810	e	Olam International Ltd		1,372
	135,862	*	Pantry, Inc		2,084
	442,251		Pick’n Pay Holdings Ltd		943
	260,894	e	Pick’n Pay Stores Ltd		1,278
	1,268,420		President Chain Store Corp		8,949
	60,766		Pricesmart, Inc		6,133
	244,972		Raia Drogasil S.A.		2,119
	55,106		Rallye S.A.		2,572
	8,059		Rami Levi Chain Stores Hashikma Marketing 2006 Ltd		467
	7,056,709	*	Rite Aid Corp		44,246
	3,158,020	*	Robinsons Retail Holdings, Inc		4,789
	189,709	e	Roundy’s, Inc		1,305
	14,479		Ryoshoku Ltd		328
	27,000	e	S Foods, Inc		287
	309,515		Safeway, Inc		11,433

73

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	17,400		San-A Co Ltd	$	513
	1,328,619		Seven & I Holdings Co Ltd		50,626
	533,000		Sheng Siong Group Ltd		252
	186,711		Shoppers Drug Mart Corp		10,274
	783,653		Shoprite Holdings Ltd		11,825
	101,941		Shufersal Ltd		408
	3,598,326		Sonae SPGS S.A.		6,756
	418,317		Spar Group Ltd		4,825
	142,278	e	Spartan Stores, Inc		3,302
	463,898	*,e	Sprouts Farmers Market, Inc		16,714
	46,700		Sugi Pharmacy Co Ltd		2,076
	3,168,900	e	Sun Art Retail Group Ltd		3,983
	57,100		Sundrug Co Ltd		2,610
	666,770	*,e	Supervalu, Inc		4,561
	55,520	*,e	Susser Holdings Corp		3,468
	1,163,362		Sysco Corp		42,032
	474,000	*	Taiwan TEA Corp		387
	7,589,265		Tesco plc		37,431
	19,688		Tsuruha Holdings, Inc		1,940
	206,986	*	United Natural Foods, Inc		14,679
	524,300		UNY Co Ltd		3,115
	43,800		Valor Co Ltd		551
	28,290		Village Super Market (Class A)		747
	2,821,089		Walgreen Co		186,277
	6,294,021	e	Wal-Mart de Mexico S.A. de C.V. (Series V)		14,935
	3,521,251		Wal-Mart Stores, Inc		269,129
	45,910		Weis Markets, Inc		2,261
	908,734		Wesfarmers Ltd		34,819
	1,291,074		Whole Foods Market, Inc		65,470
	4,061,918		WM Morrison Supermarkets plc		14,443
	978,218		Woolworths Ltd		32,440
	1,166,799	*	Wumart Stores, Inc		1,142
	17,700		Yaoko Co Ltd		841
	94,000		Yokohama Reito Co Ltd		782
			TOTAL FOOD & STAPLES RETAILING		1,893,650
FOOD, BEVERAGE & TOBACCO - 4.5%
	31,253		AarhusKarlshamn AB		2,052
	562,862	*	AGV Products Corp		185
	101,260		Ajinomoto Co, Inc		1,449
	9,603	e	Alico, Inc		362
	452,262		Alicorp S.A.		1,287
	45,216		Alliance Grain Traders, Inc		718
	326,486	*	Alliance One International, Inc		953
	9,605,173		Altria Group, Inc		359,522
	9,322,680		AMBEV S.A.		69,643
	28,907		Amsterdam Commodities NV		710
	423,292		Anadolu Efes Biracilik Ve Malt Sanayii AS		4,711
	95,017		Anheuser-Busch InBev NV (ADR)		10,005
	2,974	*,m	Anheuser-Busch InBev NV (Strip VVPR)		0	^
	321,700		Anhui Gujing Distillery Co Ltd		689
	44,753	*,e	Annie’s, Inc		1,799

74

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	76,655	*	AquaChile S.A.	$	49
	2,367,707		Archer Daniels Midland Co		102,735
	20,300		Ariake Japan Co Ltd		471
	58,922		Aryzta AG.		5,210
	473,061		Asahi Breweries Ltd		13,263
	1,040,624	e	Asian Citrus Holdings Ltd		222
	413,076		Associated British Foods plc		19,168
	91,133	e	Astral Foods Ltd		745
	23,481		Atria Group plc		266
	771,000	*,m	Ausnutria Dairy Corp Ltd		1
	227,435		Austevoll Seafood ASA		1,347
	530,164	*	Australian Agricultural Co Ltd		615
	589,264		AVI Ltd		3,163
	167,564		B&G Foods, Inc (Class A)		5,045
	50,070		Bakkafrost P		827
	213,659		Balrampur Chini Mills Ltd		200
	2,160		Barry Callebaut AG.		2,913
	298,781		Beam, Inc		24,888
	28,181	*	Belvedere S.A.		352
	7,807		Binggrae Co Ltd		676
	338,500	e	Biostime Internatonal Holdings Ltd		2,326
	212,945	*,e	Black Earth Farming Ltd		189
	26,315	e	Bonduelle S.C.A.		779
	26,355	*,e	Boston Beer Co, Inc (Class A)		6,450
	187,977	*	Boulder Brands, Inc		3,312
	36,569		Britannia Industries Ltd		517
	262,500		British American Tobacco Malaysia BHD		4,752
	2,808,879		British American Tobacco plc		156,695
	3,761,879		Britvic plc		46,565
	563,162		Brown-Forman Corp (Class B)		50,510
	679,000	e	Bumitama Agri Ltd		561
	704,070		Bunge Ltd		55,981
	430,192		C&C Group plc		2,803
	38,859		Calavo Growers, Inc		1,383
	144,700		Calbee, Inc		3,410
	47,698		Cal-Maine Foods, Inc		2,994
	530,783	e	Campbell Soup Co		23,822
	15,092		Carlsberg AS (Class B)		1,500
	160,000		Carlsberg Brewery-Malay BHD		638
	68,465		Casa Grande S.A.		150
	48,154		Cermaq ASA		535
	592,000	e	Changshouhua Food Co Ltd		642
	3,100,200		Charoen Pokphand Foods PCL		2,683
	4,346,110		China Agri-Industries Holdings Ltd		1,699
	967,500	*	China Huiyuan Juice Group Ltd		704
	2,439,900		China Mengniu Dairy Co Ltd		12,245
	10,059,000	*,e	China Modern Dairy Holdings		4,330
	7,365,000		China Starch Holdings Ltd		190
	1,762,000	*,e	China Yurun Food Group Ltd		910
	174,959	*	Chiquita Brands International, Inc		2,178
	278,602		Cia Cervecerias Unidas S.A.		3,126
	9,425		CJ CheilJedang Corp		2,547

75

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	67,016		Clover Industries Ltd	$	123
	286,931		Coca-Cola Amatil Ltd		2,940
	26,564		Coca-Cola Bottling Co Consolidated		2,257
	58,098		Coca-Cola Central Japan Co Ltd		1,461
	11,703,937		Coca-Cola Co		452,474
	64,505		Coca-Cola Embonor S.A.		116
	1,472,961		Coca-Cola Enterprises, Inc		70,349
	502,787		Coca-Cola Femsa S.A. de C.V.		5,291
	280,252		Coca-Cola HBC AG.		6,987
	182,874		Coca-Cola Icecek AS		4,400
	62,327	e	Coca-Cola West Japan Co Ltd		1,089
	10,295,700	*,e	Cofco International Ltd		3,708
	1,334,198		ConAgra Foods, Inc		41,400
	1,274,480	*	Constellation Brands, Inc (Class A)		108,293
	88,676		Corbion NV		2,094
	156,242		Cott Corp		1,326
	33,232	*	Craft Brewers Alliance, Inc		507
	1,787		Crown Confectionery Co Ltd		556
	3,160		Dae Han Flour Mills Co Ltd		429
	56,460		Daesang Corp		2,171
	162,676		Dairy Crest Group plc		1,313
	696,180	*	Darling International, Inc		13,938
	343,174		Davide Campari-Milano S.p.A.		2,812
	493,174		Dean Foods Co		7,624
	193,346		Devro plc		761
	1,644,315		Diageo plc		51,071
	85,616	*,e	Diamond Foods, Inc		2,991
	4,710		Dongwon F&B Co Ltd		814
	3,650		Dongwon Industries Co Ltd		1,113
	496,566		Dr Pepper Snapple Group, Inc		27,043
	10,000		Dutch Lady Milk Industries BHD		145
	12,700		Dydo Drinco, Inc		529
	1,214,000	*,e,m	Dynasty Fine Wines Group Ltd		2
	7,000	*	East Asiatic Co Ltd AS		114
	249,503	*,e	Ebro Puleva S.A.		5,773
	253,099		Embotelladora Andina S.A.		916
	371,658	e	Embotelladoras Arca SAB de C.V.		2,220
	4,745		Emmi AG.		1,709
	5,622,100	*	Emperador, Inc		1,464
	6,408,492		Empresas Iansa S.A.		233
	138,464		Ezaki Glico Co Ltd		1,836
	22,044	*	Farmer Bros Co		434
	2,302,000		Felda Global Ventures Holdings BHD		3,278
	2,785,500		First Resources Ltd		5,188
	451,437		Flowers Foods, Inc		9,683
	3,855,433		Fomento Economico Mexicano S.A. de C.V.		35,913
	483,000	e	Fraser and Neave Ltd		1,212
	143,096		Fresh Del Monte Produce, Inc		3,945
	77,773		Fuji Oil Co Ltd		996
	33,832		Fujicco Co Ltd		408
	150,000	e	Fujiya Co Ltd		282
	1,970,808		General Mills, Inc		102,127

76

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	259,520		Genting Plantations BHD	$	858
	1,941,500		GFPT PCL (Foreign)		867
	171,185		Glanbia plc		2,627
	9,251		GlaxoSmithKline Consumer Healthcare Ltd		666
	2,566,000	*,e	Global Bio-Chem Technology Group Co Ltd		106
	3,608,000		GMG Global Ltd		273
	12,530,354		Golden Agri-Resources Ltd		5,733
	2,338,475		Goodman Fielder Ltd		1,339
	220,946		GrainCorp Ltd-A		1,727
	890,517		Great Wall Enterprise Co		881
	1,379,823		Greencore Group plc		6,342
	8,711		Griffin Land & Nurseries, Inc (Class A)		263
	1,223,787		Groupe Danone		86,457
	1,930,228		Grupo Bimbo S.A. de C.V. (Series A)		5,210
	362,000		Grupo Herdez SAB de C.V.		1,075
	90,000		Grupo Lala SAB de C.V.		187
	1,022,000		Guangdong Land Holdings Ltd		236
	330,526	*	Hain Celestial Group, Inc		30,233
	118,175	*	Harim & Co Ltd		690
	15,161		Heineken Holding NV		979
	47,917		Heineken NV		3,334
	1,261,748		Hershey Co		131,726
	618,250		Hey Song Corp		669
	927,772		Hillshire Brands Co		34,569
	16,320		Hite Holdings Co Ltd		220
	72,333		HKScan Oyj		432
	24,200		Hokuto Corp		504
	486,538		Hormel Foods Corp		23,972
	73,952	e	House Foods Corp		1,228
	327,371		Illovo Sugar Ltd		871
	1,011,378		Imperial Tobacco Group plc		40,898
	496,624		InBev NV		52,302
	785,978		Indofood Agri Resources Ltd		610
	1,203,100		Indofood CBP Sukses Makmur Tbk		1,073
	307,493		Ingredion, Inc		20,934
	70,285	*	Inventure Foods, Inc		983
	3,365,976		IOI Corp BHD		4,945
	3,076,951		ITC Ltd		18,200
	62,700	e	Ito En Ltd		1,402
	383,000	e	Itoham Foods, Inc		1,745
	75,981		J&J Snack Foods Corp		7,292
	213,016		J.M. Smucker Co		20,714
	1,759,130		Japan Tobacco, Inc		55,215
	2,774,921		JBS S.A.		9,490
	54,720		Jinro Ltd		1,210
	32,308		John B. Sanfilippo & Son, Inc		744
	148,000	e	J-Oil Mills, Inc		395
	708,125		Juhayna Food Industries		1,316
	87,573	e	Kagome Co Ltd		1,484
	12,200		Kameda Seika Co Ltd		362
	577,781		Kellogg Co		36,233
	55,871	*	Kernel Holding S.A.		540

77

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	655,024		Kerry Group plc (Class A)	$	50,002
	927,045	e	Keurig Green Mountain, Inc		97,887
	20,200	e	KEY Coffee, Inc		311
	1,972,000		Khon Kaen Sugar Industry PCL (Foreign)		852
	42,671		Kikkoman Corp		806
	1,194,865		Kirin Brewery Co Ltd		16,536
	94,664		Koninklijke Wessanen NV		538
	2,823,300		Kraft Foods Group, Inc		158,387
	234,180		KT&G Corp		17,638
	511,173		Kuala Lumpur Kepong BHD		3,791
	2,685		KWS Saat AG.		973
	700,000	e,m	Labixiaoxin Snacks Group Ltd		135
	56,837		Lancaster Colony Corp		5,651
	178,293		Lance, Inc		5,026
	50,019		Leroy Seafood Group ASA		1,623
	342,987		Lien Hwa Industrial Corp		220
	15,883	e	Lifeway Foods, Inc		233
	32,140	e	Limoneira Co		729
	1,605		Lindt & Spruengli AG.		7,956
	43		Lindt & Spruengli AG. (Registered)		2,532
	982,400		Lorillard, Inc		53,128
	916		Lotte Chilsung Beverage Co Ltd		1,284
	706		Lotte Confectionery Co Ltd		1,209
	2,073		Lotte Samkang Co Ltd		1,541
	62,400		M Dias Branco S.A.		2,514
	7,627		Maeil Dairy Industry Co Ltd		315
	285,000		Malayan Flour Mills BHD		135
	117,269	e	Maple Leaf Foods, Inc		1,868
	135,000		Marudai Food Co Ltd		400
	512,000	m	Maruha Nichiro Holdings, Inc		854
	353,110	*	Masan Group Corp		1,625
	293,290		McCormick & Co, Inc		21,041
	75,219		McLeod Russel India Ltd		386
	797,600		Mead Johnson Nutrition Co		66,312
	61,900	e	Megmilk Snow Brand Co Ltd		807
	80,920		MEIJI Holdings Co Ltd		5,101
	251,600	*	Minerva S.A.		1,120
	111,000		Mitsui Sugar Co Ltd		423
	272,711		Molson Coors Brewing Co (Class B)		16,052
	5,004,621		Mondelez International, Inc		172,910
	1,688,165	*	Monster Beverage Corp		117,243
	517,302		Morinaga & Co Ltd		1,134
	574,000	e	Morinaga Milk Industry Co Ltd		1,845
	17,533		Muhak Co Ltd		387
	1,728,489	*	Multiexport Foods S.A.		375
	426,000		Namchow Chemical Industrial Ltd		881
	1,019		Namyang Dairy Products Co Ltd		830
	35,929		National Beverage Corp		701
	5,664		Naturex		501
	21,197		Nestle India Ltd		1,785
	3,292,827		Nestle S.A.		247,850
	582,000		Nichirei Corp		2,456

78

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	291,000		Nippon Beet Sugar Manufacturing Co Ltd	$	564
	366,000		Nippon Flour Mills Co Ltd		2,004
	370,705		Nippon Meat Packers, Inc		5,518
	314,766		Nippon Suisan Kaisha Ltd		661
	422,000	e	Nisshin Oillio Group Ltd		1,374
	56,100	e	Nisshin Seifun Group, Inc		616
	15,795		Nissin Food Products Co Ltd		713
	3,995		Nong Shim Co Ltd		1,122
	3,126		Nong Shim Holdings Co Ltd		302
	8,225		Nong Woo Bio Co Ltd		197
	84,879		Nutreco NV		3,772
	363,625		Oldtown BHD		221
	109,902	*	Omega Protein Corp		1,327
	4,330		Orion Corp		3,339
	92,780		Orkla ASA		791
	45,304		Osem Investments Ltd		1,065
	3,359		Ottogi Corp		1,181
	814,714		PAN Fish ASA		9,213
	6,409,021		PepsiCo, Inc		535,153
	1,247,000		Pepsi-Cola Products Philippine		136
	803,871		Perdigao S.A.		16,049
	49,949		Pernod-Ricard S.A.		5,813
	72,987	*,m	Pescanova S.A.		1
	877,000	e	Petra Foods Ltd		2,573
	1,400		Philip Morris CR		800
	5,837,989		Philip Morris International, Inc		477,956
	767,548	*	Pilgrim’s Pride Corp		16,057
	47,539		Pinar SUT Mamulleri Sanayii AS		393
	66,680		Pinnacle Foods, Inc		1,991
	125,607	*	Post Holdings, Inc		6,923
	814,920		PPB Group BHD		4,155
	234,186	*,e	Premier Foods plc		261
	34,900		Premium Brands Holdings Corp		662
	180,000		Prima Meat Packers Ltd		376
	1,351,524		PT Astra Agro Lestari Tbk		3,105
	5,712,200	*,m	PT Austindo Nusantara Jaya		815
	2,761,000		PT Bisi International		162
	3,839,500		PT BW Plantation Tbk		447
	7,838,000		PT Charoen Pokphand Indonesia Tbk		2,777
	518,200		PT Gudang Garam Tbk		2,268
	10,101,200		PT Indofood Sukses Makmur Tbk		6,536
	9,196,500		PT Japfa Comfeed Indonesia Tbk		1,148
	1,050,000		PT Malindo Feedmill Tbk		305
	6,202,500		PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		1,214
	10,448,500		PT Salim Ivomas Pratama Tbk		846
	1,512,500		PT Sampoerna Agro Tbk		285
	239,600		Q.P. Corp		3,298
	135,000		QAF Ltd		92
	1,279,050		QL Resources BHD		1,270
	19,517		Radico Khaitan Ltd		48
	414,456		Remy Cointreau S.A.		33,245

79

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,274,844		Reynolds American, Inc	$	68,102
	276,500		Rimbunan Sawit BHD		69
	11,139		Royal UNIBREW AS		1,854
	2,629,093		SABMiller plc		131,461
	73,896		SABMiller plc (Johannesburg)		3,690
	32,655		Sakata Seed Corp		449
	2,750		Samyang Corp		113
	7,031		Samyang Holdings Corp		472
	79,460		San Miguel Pure Foods Co Inc		471
	115,822		Sanderson Farms, Inc		9,091
	123,500		Sao Martinho S.A.		1,687
	2,109,000		Sapporo Holdings Ltd		8,284
	172,530		Saputo, Inc		8,691
	29,013		Schouw & Co		1,420
	1,172		Seaboard Corp		3,072
	32,633	*	Seneca Foods Corp		1,027
	612,700	*	Shanghai Dajiang Group		227
	1,280,000	e	Shenguan Holdings Group Ltd		531
	99,000		Showa Sangyo Co Ltd		323
	1,216,268		Shree Renuka Sugars Ltd		439
	21,700		Silla Co Ltd		578
	97,400		SLC Agricola S.A.		755
	2,626		Societa per la Bonifica dei Terreni Ferraresi e Imprese Agricole S.p.A.		104
	446,264	*	SOS Cuetara S.A.		267
	445,355		Souza Cruz S.A.		4,043
	329,362		Standard Foods Corp		899
	86,646		Strauss Group Ltd		1,567
	393,452		Suedzucker AG.		11,221
	215,300		Suntory Beverage & Food Ltd		7,418
	294,000	e	Super Coffeemix Manufacturing Ltd		815
	155,581		Swedish Match AB		5,093
	77,994	*	Synlait Milk Ltd		250
	55,848	*,e	Synutra International, Inc		374
	19,096	*	Taisun Enterprise Co Ltd		9
	56,096		Taiyen Biotech Co Ltd		52
	192,000		Takara Holdings, Inc		1,462
	287,855		Tassal Group Ltd		1,033
	156,384	*	TAT Konserve		138
	488,928		Tata Tea Ltd		1,231
	6,453,081		Tate & Lyle plc		71,872
	770,400		TDM BHD		217
	164,900		Tereos Internacional S.A.		126
	499,680		TH Plantations BHD		308
	1,003,200		Thai Union Frozen Products PCL (ADR)		2,129
	753,000		Thai Union Frozen Products PCL(Foreign)		1,598
	915,200		Thai Vegetable Oil PCL		641
	2,165,000	e	Tibet 5100 Water Resources Holdings Ltd		886
	2,038,000		Tiga Pilar Sejahtera Food Tbk		372
	192,297		Tiger Brands Ltd		4,968
	2,374,900		Tingyi Cayman Islands Holding Corp		6,822
	178,516		Tongaat Hulett Ltd		1,928

80

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	62,141	e	Tootsie Roll Industries, Inc	$	1,861
	83,259		Toyo Suisan Kaisha Ltd		2,782
	141,884		Treasury Wine Estates Ltd		466
	166,500	*	TreeHouse Foods, Inc		11,986
	5,510		TS Corp		155
	453,700		Tsingtao Brewery Co Ltd		3,328
	50,000		Ttet Union Corp		111
	2,147,432		Tyson Foods, Inc (Class A)		94,508
	215,454		Ulker Biskuvi Sanayi AS		1,515
	2,523,392		Unilever NV		103,799
	2,535,840		Unilever plc		108,457
	1,424,800	e	Uni-President China Holdings Ltd		1,198
	4,896,832		Uni-President Enterprises Corp		8,531
	67,974		United Breweries Ltd		939
	3,606		United International Enterprises		729
	96,379		United Spirits Ltd		4,279
	88,715	e	Universal Corp		4,958
	3,518,643		Universal Robina		11,165
	237,344	*	Vanguarda Agro S.A.		314
	151,000		Ve Wong Corp		118
	208,903	e	Vector Group Ltd		4,500
	10,094		Vilmorin & Cie		1,416
	2,151,902		Vina Concha y Toro S.A.		4,434
	55,252	e	Viscofan S.A.		2,891
	3,158		Vranken - Pommery Monopole		105
	10,973,800	e	Want Want China Holdings Ltd		16,418
	34,100		Warabeya Nichiyo Co Ltd		645
	443,000		Wei Chuan Food Corp		669
	702,155	*	WhiteWave Foods Co (Class A)		20,040
	3,544,067		Wilmar International Ltd		9,766
	69,269		Yakult Honsha Co Ltd		3,477
	75,735		Yamazaki Baking Co Ltd		895
	324,453		Yantai Changyu Pioneer Wine Co		790
	2,303,000		Yashili International		1,041
	6,000,000	*	YuanShengTai Dairy Farm Ltd		1,016
			TOTAL FOOD, BEVERAGE & TOBACCO		5,709,516
HEALTH CARE EQUIPMENT & SERVICES - 3.3%
	71,831	e	Abaxis, Inc		2,793
	6,081,663		Abbott Laboratories		234,205
	168,649	*,e	Abiomed, Inc		4,392
	203,011	*,e	Acadia Healthcare Co, Inc		9,160
	230,490	*,e	Accuray, Inc		2,213
	73,070	*	Addus HomeCare Corp		1,684
	479,124		Advanced Medical Solutions Group plc		1,002
	2,113,407		Aetna, Inc		158,442
	237,884	*	AGFA-Gevaert NV		806
	62,626	*,m	AGFA-Gevaert NV Brussels (Strip VVPR)		0	^
	123,466	e	Air Methods Corp		6,597
	257,958		Al Noor Hospitals Group plc		4,619
	143,784		Alfresa Holdings Corp		9,376
	376,721	*	Align Technology, Inc		19,510

81

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	28,813	*	Alliance HealthCare Services, Inc	$	966
	786,026	*	Allscripts Healthcare Solutions, Inc		14,172
	32,950		Almost Family, Inc		761
	231,972	*	Alphatec Holdings, Inc		348
	121,173	*	Amedisys, Inc		1,804
	745,482		AmerisourceBergen Corp		48,896
	332,084	*	AMN Healthcare Services, Inc		4,563
	101,232		Amplifon S.p.A.		683
	178,689	*	Amsurg Corp		8,413
	43,449		Analogic Corp		3,568
	111,538	*	Angiodynamics, Inc		1,757
	97,130	*	Anika Therapeutics, Inc		3,992
	196,968		Ansell Ltd		3,365
	345,799	*,e	Antares Pharma, Inc		1,210
	155,954		Apex Biotechnology Corp		350
	82,575		Apollo Hospitals Enterprise Ltd		1,269
	575,975		Arseus NV		31,067
	167,832	*	Arthrocare Corp		8,088
	27,400	e	Asahi Intecc Co Ltd		1,098
	127,180	*,e	athenahealth, Inc		20,379
	66,077	*	AtriCure, Inc		1,243
	5,374		Atrion Corp		1,645
	49,966	e	Balda AG.		232
	2,635,250		Bangkok Chain Hospital PCL		578
	393,900		Bangkok Dusit Medical Services PCL (Foreign)		1,618
	487,833		Bard (C.R.), Inc		72,190
	1,215,140		Baxter International, Inc		89,410
	537,293		Becton Dickinson & Co		62,906
	105,507	*,e	Biolase Technology, Inc		254
	78,504	*,e	Bio-Reference Labs, Inc		2,173
	223,281	*,e	BioScrip, Inc		1,559
	1,132,000	e	Biosensors International Group Ltd		842
	27,100		BML, Inc		1,019
	5,611,378	*	Boston Scientific Corp		75,866
	77,240	*	Brookdale Senior Living, Inc		2,588
	516,100		Bumrungrad Hospital PCL		1,537
	134,053		Cantel Medical Corp		4,520
	86,571	*	Capital Senior Living Corp		2,250
	1,199,350		Cardinal Health, Inc		83,931
	90,567	*	Cardiovascular Systems, Inc		2,879
	1,578,258	*	CareFusion Corp		63,478
	41,594		Carl Zeiss Meditec AG.		1,169
	1,246	*,e	Carmat		151
	702	*,e	Castlight Health, Inc		15
	844,006	*,e	Catamaran Corp		37,778
	265,055	*	Catamaran Corp (Toronto)		11,859
	5,802	*	Cegedim S.A.		223
	114,134		Celesio AG.		3,901
	276,355	*	Centene Corp		17,203
	1,117,601	*	Cerner Corp		62,865
	208,200	*,e	Cerus Corp		999
	65,766	*	CHA Bio & Diostech Co Ltd		797

82

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	117,333		CHC Healthcare Group	$	297
	58,071	e	Chemed Corp		5,194
	1,600,000	*,e	China Pioneer Pharma Holdings Ltd		845
	44,327	*,e	Chindex International, Inc		846
	1,141,619		Cigna Corp		95,588
	52,503	e	Cochlear Ltd		2,779
	268,030		Coloplast AS		21,671
	339,533		Community Health Systems, Inc		13,300
	35,488	e	Computer Programs & Systems, Inc		2,293
	106,639		Conmed Corp		4,633
	15,100		Consort Medical plc		236
	47,297		Cooper Cos, Inc		6,497
	800,000	e	Cordlife Group Ltd		745
	65,795	*	Corvel Corp		3,274
	2,394,337		Covidien plc		176,367
	99,933	*	Cross Country Healthcare, Inc		806
	220,845		Cruz Blanca Salud S.A.		185
	108,212		CryoLife, Inc		1,078
	58,487	*	Cutera, Inc		654
	136,531	*	Cyberonics, Inc		8,909
	66,535	*	Cynosure, Inc (Class A)		1,949
	819,576	*	DaVita, Inc		56,428
	204,029		Dentsply International, Inc		9,394
	51,962	*,e	Derma Sciences, Inc		659
	220,338	*	DexCom, Inc		9,113
	50,000		Diagnosticos da America S.A.		334
	26,093	e	DiaSorin S.p.A.		1,120
	7,351		Draegerwerk AG.		904
	6,019		Draegerwerk AG. & Co KGaA		622
	259,373	*,e	Edwards Lifesciences Corp		19,238
	16,400		Eiken Chemical Co Ltd		284
	76,619	e	Elekta AB (B Shares)		1,020
	192,986	*	Emeritus Corp		6,067
	196,106	*	Endologix, Inc		2,524
	71,269		Ensign Group, Inc		3,110
	100,831	*	Envision Healthcare Holdings, Inc		3,411
	465,678		Essilor International		46,995
	34,480	*	Exactech, Inc		778
	95,837	*	ExamWorks Group, Inc		3,355
	327,000		Excelsior Medical Co Ltd		650
	3,198,856	*	Express Scripts Holding Co		240,202
	202,831	e	Extendicare, Inc		1,268
	739,800		Faber Group BHD		653
	1,270,663		Fisher & Paykel Healthcare Corp		4,687
	157,433	*	Five Star Quality Care, Inc		765
	198,200		Fleury S.A.		1,684
	109,104		Fresenius Medical Care AG.		7,634
	45,637		Fresenius SE		7,164
	10,440	e	Galenica AG.		10,103
	106,870	*,e	GenMark Diagnostics, Inc		1,062
	141,489	*	Gentiva Health Services, Inc		1,290
	39,795		Getinge AB (B Shares)		1,124

83

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	63,000		Ginko International Co Ltd	$	1,089
	185,264	*	Globus Medical, Inc		4,926
	257,883		GN Store Nord		6,402
	18,033,986	e	Golden Meditech Co Ltd		1,791
	93,816	*	Greatbatch, Inc		4,308
	46,500		Green Hospital Supply, Inc		1,782
	11,928		Guerbet		524
	162,804	*	Haemonetics Corp		5,306
	122,978	*	Hanger Orthopedic Group, Inc		4,142
	674,000		Hartalega Holdings BHD		1,414
	1,162,870	*	HCA Holdings, Inc		61,051
	171,191	*	Health Net, Inc		5,822
	546,017		Healthsouth Corp		19,618
	70,922	*	HealthStream, Inc		1,894
	116,605	*,e	Healthways, Inc		1,999
	50,742	*	HeartWare International, Inc		4,759
	278,406	*	Henry Schein, Inc		33,233
	168,042		Hill-Rom Holdings, Inc		6,476
	273,152	*	HMS Holdings Corp		5,204
	14,600		Hogy Medical Co Ltd		748
	2,105,782	*	Hologic, Inc		45,274
	613,576		Humana, Inc		69,162
	57,531	*	ICU Medical, Inc		3,445
	134,838	*,e	Idexx Laboratories, Inc		16,369
	2,894,400	*	IHH Healthcare BHD		3,413
	18,903	*	Infinitt Healthcare Co Ltd		140
	1,610	*	Inogen Inc		27
	349,900	*	Insulet Corp		16,592
	86,127	*	Integra LifeSciences Holdings Corp		3,961
	570,000	*	International Healthway Corp Ltd		145
	98,719	*	Intuitive Surgical, Inc		43,238
	121,321		Invacare Corp		2,314
	151,338	*	Inverness Medical Innovations, Inc		5,198
	25,315	*	Ion Beam Applications		314
	52,760	*	IPC The Hospitalist Co, Inc		2,589
	6,075	*	i-SENS Inc		304
	237,000		Jeol Ltd		898
	213,118		Kindred Healthcare, Inc		4,991
	60,921	*	Korian-Medica		2,337
	1,205,200		Kossan Rubber Industries		1,573
	1,282,473		KPJ Healthcare BHD		1,174
	190,620	*	Laboratory Corp of America Holdings		18,721
	29,559		Landauer, Inc		1,340
	14,992	*,e	LDR Holding Corp		515
	32,900	e	Leisureworld Senior Care Corp		362
	46,393	*	LHC Group, Inc		1,023
	1,305,166		Life Healthcare Group Holdings Pte Ltd		4,769
	86,989	*	LifePoint Hospitals, Inc		4,745
	102,026	*	Magellan Health Services, Inc		6,055
	6,400	e	Mani, Inc		265
	151,840	e	Masimo Corp		4,147
	1,177,604		McKesson Corp		207,930

84

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	315,625	*	MedAssets, Inc	$	7,799
	47,423	*,e	Medical Action Industries, Inc		331
	62,000	e	Medical Facilities Corp		1,141
	490,636		Mediceo Paltac Holdings Co Ltd		7,513
	418,605		Mediclinic International Ltd		2,972
	271,552	*	Medidata Solutions, Inc		14,756
	29,630	*	Medipost Co Ltd		1,952
	3,200,730		Medtronic, Inc		196,973
	205,084	*	Merge Healthcare, Inc		500
	130,422	e	Meridian Bioscience, Inc		2,842
	161,985	*	Merit Medical Systems, Inc		2,316
	14,600		Message Co Ltd		466
	137,091	e	Metlifecare Ltd		484
	210,500		Microlife Corp		593
	719,000	e	Microport Scientific Corp		497
	71,006		Miraca Holdings, Inc		3,111
	91,428	*	Molina Healthcare, Inc		3,434
	41,230	*	MWI Veterinary Supply, Inc		6,416
	21,136		Nagaileben Co Ltd		451
	44,880		National Healthcare Corp		2,503
	31,288	*	National Research Corp		519
	210,266	*	Natus Medical, Inc		5,425
	115,690	*	Neogen Corp		5,200
	2,597,205		Network Healthcare Holdings Ltd		5,763
	49,100		Nichii Gakkan Co		456
	63,900		Nihon Kohden Corp		2,545
	81,867		Nikkiso Co Ltd		911
	422,500	e	Nipro Corp		3,795
	221,232		NMC Health plc		1,861
	226,057		Nobel Biocare Holding AG.		3,248
	201,532	*	NuVasive, Inc		7,741
	183,481	*	NxStage Medical, Inc		2,338
	309,800		Odontoprev S.A.		1,232
	2,229,298	*	Olympus Corp		71,183
	452,665		Omnicare, Inc		27,011
	158,809	*	Omnicell, Inc		4,545
	203,817	*	OraSure Technologies, Inc		1,624
	144,018		Oriola-KD Oyj (B Shares)		499
	82,520		Orpea		5,460
	75,496	*	Orthofix International NV		2,276
	15,294	*	Osstem Implant Co Ltd		332
	231,711	e	Owens & Minor, Inc		8,117
	15,980	*,e	Oxford Immunotec Global plc		321
	57,490		Pacific Hospital Supply Co Ltd		153
	56,177		Paramount Bed Holdings Co Ltd		1,756
	184,013		Patterson Cos, Inc		7,684
	449,633	*	Pediatrix Medical Group, Inc		27,868
	93,475	m	Pharmaniaga BHD		128
	124,252	*	PharMerica Corp		3,477
	19,545		Phonak Holding AG.		2,859
	47,934	*,e	PhotoMedex, Inc		759
	302,000	*	Pihsiang Machinery Manufacturing Co Ltd		328

85

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	851,849	*	Premier, Inc	$	28,068
	1,067,427		Primary Health Care Ltd		4,673
	4,400		Profarma Distribuidora de Produtos Farmaceuticos S.A.		34
	73,504	*	Providence Service Corp		2,079
	221,900	*	Qualicorp S.A.		2,244
	127,270		Quality Systems, Inc		2,148
	285,178	e	Quest Diagnostics, Inc		16,518
	86,918	*,e	Quidel Corp		2,373
	522,797	e	Raffles Medical Group Ltd		1,334
	166,255		Ramsay Health Care Ltd		7,429
	305,637	e	Resmed, Inc		13,659
	123,271		Rhoen Klinikum AG.		3,948
	142,600	*,e	Rockwell Medical Technologies, Inc		1,805
	217,889	*	RTI Biologics, Inc		889
	830,162	e	Ryman Healthcare Ltd		6,312
	10,694		Sartorius AG.		1,462
	5,600		Sartorius Stedim Biotech		1,124
	425,311		Selcuk Ecza Deposu Ticaret ve Sanayi AS		404
	183,311		Select Medical Holdings Corp		2,282
	2,081,200	e	Shandong Weigao Group Medical Polymer Co Ltd		2,377
	1,007,200		Shanghai Pharmaceuticals Holding Co Ltd		2,291
	172,581		Shenzhen Accord Pharmaceutical Co Ltd		867
	1,557,496		Sigma Pharmaceuticals Ltd		963
	1,177,500	e	Sinopharm Group Co		3,237
	117,219	*,e	Sirona Dental Systems, Inc		8,753
	118,202	*	Skilled Healthcare Group, Inc (Class A)		623
	1,532,556		Smith & Nephew plc		23,276
	471,200		So-net M3, Inc		7,727
	458,456		Sonic Healthcare Ltd		7,345
	342,858	*	Sorin S.p.A.		1,025
	168,142	*	Spectranetics Corp		5,096
	1,443,193		St. Jude Medical, Inc		94,370
	63,000		St. Shine Optical Co Ltd		1,408
	115,039	*	Staar Surgical Co		2,163
	203,430		STERIS Corp		9,714
	6,676		Stratec Biomedical Systems AG.		290
	11,579		Straumann Holding AG.		2,465
	847,989		Stryker Corp		69,086
	6,610		Suheung Capsule Co Ltd		238
	433,446	e	Summerset Group Holdings Ltd		1,352
	1,339,600		Supermax Corp BHD		1,067
	52,399	*	Surgical Care Affiliates, Inc		1,611
	78,250	*,e	SurModics, Inc		1,768
	77,793		Suzuken Co Ltd		3,009
	164,105	*	Symmetry Medical, Inc		1,651
	76,417		Synergy Healthcare plc		1,758
	63,004		Sysmex Corp		2,009
	24,351	*	Tandem Diabetes Care, Inc		538
	280,712	*	Team Health Holdings, Inc		12,562
	89,091	*,e	TearLab Corp		602
	27,007		Teleflex, Inc		2,896
	221,750	*	Tenet Healthcare Corp		9,493

86

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	89,400		Terumo Corp	$	1,947
	275,190	*	Thoratec Corp		9,855
	67,000		Toho Pharmaceutical Co Ltd		1,414
	10,100		Tokai Corp (GIFU)		288
	625,400		Top Glove Corp BHD		949
	99,123	*	Tornier BV		2,103
	94,882	*	Triple-S Management Corp (Class B)		1,531
	28,400	e	Tsuki Corp		277
	290,625	*,e	Unilife Corp		1,183
	313,892		United Drug plc		1,837
	3,815,847		UnitedHealth Group, Inc		312,861
	147,494		Universal American Corp		1,043
	768,240		Universal Health Services, Inc (Class B)		63,049
	56,898		US Physical Therapy, Inc		1,967
	2,686	*,e	USMD Holdings, Inc		34
	10,963		Utah Medical Products, Inc		634
	8,215		Value Added Technologies Co Lt		107
	232,353	*	Varian Medical Systems, Inc		19,515
	60,344	*	Vascular Solutions, Inc		1,580
	439,885	*	VCA Antech, Inc		14,177
	29,960	*,e	Veeva Systems, Inc		800
	12,447	*	Veracyte, Inc		213
	655,600		Vibhavadi Medical Center PCL		201
	94,196	*	Virtus Health Ltd		637
	68,100		VITAL KSK Holdings, Inc		514
	81,974	*,e	Vocera Communications, Inc		1,339
	170,116	*,e	Volcano Corp		3,353
	315,982	*	WellCare Health Plans, Inc		20,071
	1,164,626		WellPoint, Inc		115,939
	297,824	e	West Pharmaceutical Services, Inc		13,119
	8,879	*,e	William Demant Holding		759
	205,816	*	Wright Medical Group, Inc		6,395
	57,044	*,e	Zeltiq Aesthetics, Inc		1,119
	723,627		Zimmer Holdings, Inc		68,441
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		4,174,962
HOUSEHOLD & PERSONAL PRODUCTS - 1.6%
	12,414		Able C&C Co Ltd		383
	23,300		Aderans Co Ltd		266
	3,501		Amorepacific Corp		4,144
	2,447,417		Avon Products, Inc		35,830
	2,004,000	*	BaWang International Group Holding Ltd		106
	1,488,870		Beiersdorf AG.		145,215
	12,004		Bioland Ltd		156
	160,070	*	Central Garden and Pet Co (Class A)		1,324
	940,116		Church & Dwight Co, Inc		64,934
	286,421	e	Clorox Co		25,208
	3,941,833	*	Colgate-Palmolive Co		255,707
	14,641	m	Cosmax, Inc		825
	185,939	e	Coty, Inc		2,785
	231,276		Dabur India Ltd		697
	17,800		Dr Ci:Labo Co Ltd		550

87

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	82,054	*	Elizabeth Arden, Inc	$	2,421
	138,772		Energizer Holdings, Inc		13,980
	1,161,581		Estee Lauder Cos (Class A)		77,687
	55,400	*,e	Euglena Co Ltd		544
	154,500		Fancl Corp		1,833
	73,153	e	Female Health Co		568
	157,374		Godrej Consumer Products Ltd		2,265
	158,000		Grape King Industrial Co		684
	125,828	*,e	Harbinger Group, Inc		1,539
	877,500		Hengan International Group Co Ltd		9,110
	109,571		Henkel KGaA		11,019
	484,822		Henkel KGaA (Preference)		52,187
	480,489	e	Herbalife Ltd		27,518
	1,029,303		Hindustan Lever Ltd		10,441
	560,325		Hypermarcas S.A.		4,052
	24,371		Inter Parfums S.A.		1,146
	118,177		Inter Parfums, Inc		4,279
	283,430	*	Jyothy Laboratories Ltd		984
	631,004		Kao Corp		22,346
	967,940		Kimberly-Clark Corp		106,715
	2,130,037		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		5,704
	32,500		Kobayashi Pharmaceutical Co Ltd		1,875
	22,114		Korea Kolmar Co Ltd		625
	8,390		Korea Kolmar Holdings Co Ltd		132
	64,100		Kose Corp		2,108
	11,535		LG Household & Health Care Ltd		4,987
	381,550	*,e	Lifevantage Corp		500
	266,000		Lion Corp		1,574
	656,763		L’Oreal S.A.		108,353
	880,600		Magic Holdings international Ltd		714
	20,779		Mandom Corp		749
	86,553	*	Medifast, Inc		2,518
	548,924		Microbio Co Ltd		564
	12,300		Milbon Co Ltd		409
	196,038		Natura Cosmeticos S.A.		3,294
	43,906		Nature’s Sunshine Products, Inc		605
	33,700	*	Noevir Holdings Co Ltd		636
	351,752	e	Nu Skin Enterprises, Inc (Class A)		29,143
	33,027		Nutraceutical International Corp		858
	7,102,000		NVC Lighting Holdings Ltd		1,998
	15,701		Oil-Dri Corp of America		542
	17,826	e	Orchids Paper Products Co		545
	48,935	e	Oriflame Cosmetics S.A.		1,187
	7,790		Pacific Corp		3,751
	61,300		Pigeon Corp		2,762
	26,900		Pola Orbis Holdings, Inc		1,073
	599,000	e	Prince Frog International Holdings Ltd		177
	9,803,415	z	Procter & Gamble Co		790,155
	2,771,500		PT Unilever Indonesia Tbk		7,191
	764,235		Reckitt Benckiser Group plc		62,365
	44,584	*	Revlon, Inc (Class A)		1,139
	2,179,000	e	Ruinian International Ltd		489

88

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	429,568		Shiseido Co Ltd	$	7,568
	66,770		Spectrum Brands, Inc		5,322
	17,200		ST Corp		166
	510,483	*,e	Star Scientific, Inc		401
	1,072,650		Svenska Cellulosa AB (B Shares)		31,591
	98,405		Uni-Charm Corp		5,251
	18,818	*,e	USANA Health Sciences, Inc		1,418
	265,000	e	Vinda International Holdings Ltd		386
	72,305		WD-40 Co		5,609
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		1,985,882
INSURANCE - 4.2%
	3,341,449		ACE Ltd		331,004
	117,964		Admiral Group plc		2,809
	910,523		Aegon NV		8,387
	1,164,138		Aflac, Inc		73,387
	649,113		Ageas		28,944
	19,024,807		AIA Group Ltd		90,485
	92,511		Aksigorta AS		125
	13,914	*	Alleghany Corp		5,668
	1,045,541		Allianz AG.		176,716
	98,033		Allied World Assurance Co Holdings Ltd		10,116
	4,180,937		Allstate Corp		236,557
	88,520	*	Alm Brand AS		432
	194,015	*,e	AMBAC Financial Group, Inc		6,020
	239,734		American Equity Investment Life Holding Co		5,663
	456,943		American Financial Group, Inc		26,370
	5,371,130		American International Group, Inc		268,610
	7,654		American National Insurance Co		865
	81,137		Amerisafe, Inc		3,563
	1,006,229		Amlin plc		8,123
	3,358,311		AMP Ltd		15,544
	100,563	e	Amtrust Financial Services, Inc		3,782
	188,325		Anadolu Hayat Emeklilik AS		411
	450,254	*	Anadolu Sigorta		296
	581,346		Aon plc		48,996
	24,130		April Group		586
	262,099	*	Arch Capital Group Ltd		15,081
	96,663		Argo Group International Holdings Ltd		4,437
	132,418		Arthur J. Gallagher & Co		6,300
	342,608		Aspen Insurance Holdings Ltd		13,602
	1,010,969		Assicurazioni Generali S.p.A.		22,534
	351,968		Assurant, Inc		22,864
	269,928		Assured Guaranty Ltd		6,835
	2,455,385		Aviva plc		19,591
	3,144,992		AXA S.A.		81,703
	2,294,231		Axis Capital Holdings Ltd		105,190
	4,146		Bajaj Finserv Ltd		55
	35,380		Baldwin & Lyons, Inc (Class B)		930
	45,422		Baloise Holding AG.		5,718
	982,300		BB Seguridade Participacoes S.A.		10,871
	1,168,675		Beazley plc		5,151

89

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	5,471,191	*	Berkshire Hathaway, Inc (Class B)	$	683,735
	16,270	*,e	Blue Capital Reinsurance Holdings Ltd		283
	94,700		Brazil Insurance Participco		476
	324,912		Brown & Brown, Inc		9,994
	11,971,260		Cathay Financial Holding Co Ltd		17,499
	512,299		Catlin Group Ltd		4,596
	293,363		Chesnara plc		1,501
	1,024,308	*	China Insurance International Holdings Co Ltd		1,838
	11,539,124		China Life Insurance Co Ltd		32,628
	2,628,706		China Life Insurance Co Ltd (Taiwan)		2,420
	3,411,000		China Pacific Insurance Group Co Ltd		12,212
	284,961		Chubb Corp		25,447
	200,481		Cincinnati Financial Corp		9,755
	171,564	*,e	Citizens, Inc (Class A)		1,270
	38,054		Clal Insurance		756
	4,234,389		ClearView Wealth Ltd		2,895
	54,197		CNA Financial Corp		2,315
	310,593		CNP Assurances		6,578
	842,820		Conseco, Inc		15,255
	4,565,522		Corp Mapfre S.A.		19,264
	86,428	e	Crawford & Co (Class B)		943
	2,786,000		Dai-ichi Mutual Life Insurance Co		40,528
	86,197		Delta Lloyd NV		2,390
	1,083,438		Direct Line Insurance Group plc		4,290
	360,290		Discovery Holdings Ltd		2,886
	24,266		Donegal Group, Inc (Class A)		354
	46,991		Dongbu Insurance Co Ltd		2,439
	59,725	*	eHealth, Inc		3,034
	21,353		EMC Insurance Group, Inc		759
	104,926		Employers Holdings, Inc		2,123
	41,094		Endurance Specialty Holdings Ltd		2,212
	36,752	*	Enstar Group Ltd		5,010
	37,320		Erie Indemnity Co (Class A)		2,603
	625,828		esure Group plc.		2,929
	17,542		Euler Hermes S.A.		2,215
	269,718		Everest Re Group Ltd		41,280
	13,657		Fairfax Financial Holdings Ltd		5,930
	31,907		FBD Holdings plc		813
	34,452		FBL Financial Group, Inc (Class A)		1,492
	3,350		Fidelity & Guaranty Life		79
	1,126,527		Fidelity National Title Group, Inc (Class A)		35,418
	412,270		First American Financial Corp		10,946
	684,670	*,e	Fondiaria-Sai S.p.A		2,625
	17,951	*	Fortegra Financial Corp		126
	1,220,091	*	Genworth Financial, Inc (Class A)		21,632
	886,412		Gjensidige Forsikring BA		17,998
	503,491	e	Great-West Lifeco, Inc		13,877
	102,469	*,e	Greenlight Capital Re Ltd (Class A)		3,361
	55,421	e	Grupo Catalana Occidente S.A.		2,255
	48,801	*	Hallmark Financial Services		406
	225,708		Hannover Rueckversicherung AG.		20,190
	183,213		Hanover Insurance Group, Inc		11,257

90

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	65,041	*	Hanwha Non-Life Insurance Co Ltd	$	295
	142,220		Harel Insurance Investments & Finances Ltd		862
	4,764,157		Hartford Financial Services Group, Inc		168,032
	152,628		HCC Insurance Holdings, Inc		6,943
	31,016	e	HCI Group, Inc		1,129
	12,036	*,e	Health Insurance Innovations, Inc		124
	13,955		Helvetia Holding AG.		7,159
	786,954	*	Hilltop Holdings, Inc		18,722
	440,751		Hiscox Ltd		5,011
	153,956		Horace Mann Educators Corp		4,465
	180,320		Hyundai Marine & Fire Insurance Co Ltd		5,210
	26,310		Independence Holding Co		353
	94,998		Industrial Alliance Insurance and Financial Services, Inc		3,906
	53,416		Infinity Property & Casualty Corp		3,613
	112,292		ING Canada, Inc		6,988
	5,227,782		Insurance Australia Group Ltd		27,038
	4,387		Investors Title Co		333
	262,667		Jardine Lloyd Thompson Group plc		4,665
	16,159		Kansas City Life Insurance Co		779
	36,007		Kemper Corp		1,410
	484,120		Korea Life Insurance Co Ltd		3,178
	235,339		Korean Reinsurance Co		2,283
	227,277		Lancashire Holdings Ltd		2,592
	21,716,985		Legal & General Group plc		74,144
	291,874		Liberty Holdings Ltd		3,443
	18,500	*	Lifenet Insurance Co		76
	103,190		LIG Insurance Co Ltd		3,035
	1,031,055		Lincoln National Corp		52,244
	240,759		Loews Corp		10,605
	44,101	*	Lotte Non-Life Insurance Co Ltd		146
	253,293		Maiden Holdings Ltd		3,161
	2,441,508		Manulife Financial Corp		47,085
	10,440	*	Markel Corp		6,223
	4,009,426		Marsh & McLennan Cos, Inc		197,665
	274,075	*	MBIA, Inc		3,834
	184,549	e	Meadowbrook Insurance Group, Inc		1,076
	633,997		Mediolanum S.p.A.		5,984
	50,851		Menorah Mivtachim Holdings Ltd		627
	430,360	*	Mercuries Life Insurance Co Lt		257
	19,235		Mercury General Corp		867
	159,555		Meritz Fire & Marine Insurance Co Ltd		2,233
	6,755,474		Metlife, Inc		356,689
	1,287,013		Metropolitan Holdings Ltd		3,010
	352,760		Migdal Insurance Holdings Ltd		604
	911,288		Millea Holdings, Inc		27,330
	880,191		Mitsui Sumitomo Insurance Group Holdings, Inc		20,149
	162,303		Montpelier Re Holdings Ltd		4,830
	213,733		Muenchener Rueckver AG.		46,704
	24,259	e	National Interstate Corp		650
	9,182		National Western Life Insurance Co (Class A)		2,245
	48,619	*	Navigators Group, Inc		2,985
	1,158,200		New China Life insurance Co Ltd		3,508

91

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,214,733		NKSJ Holdings, Inc	$	31,188
	2,154,895		Old Mutual plc		7,234
	695,116		Old Republic International Corp		11,400
	96,154		OneBeacon Insurance Group Ltd (Class A)		1,487
	250,036		PartnerRe Ltd		25,879
	234,219	*	Partnership Assurance Group plc		541
	13,445,400		People’s Insurance Co Group of China Ltd		5,560
	22,615	*,e	Phoenix Cos, Inc		1,170
	372,454		Phoenix Group Holdings		4,097
	79,180		Phoenix Holdings Ltd		314
	4,273,831	e	PICC Property & Casualty Co Ltd		5,866
	3,711,200		Ping An Insurance Group Co of China Ltd		30,843
	104,787		Platinum Underwriters Holdings Ltd		6,298
	402,731		Porto Seguro S.A.		5,653
	538,819	e	Power Corp Of Canada		14,729
	414,275	e	Power Financial Corp		12,827
	136,069		Powszechny Zaklad Ubezpieczen S.A.		19,336
	216,267		Primerica, Inc		10,188
	825,246		Principal Financial Group		37,953
	118,756		ProAssurance Corp		5,288
	599,081		Progressive Corp		14,510
	605,407		Protective Life Corp		31,838
	1,695,890		Prudential Financial, Inc		143,557
	7,024,640		Prudential plc		148,743
	39,356,000		PT Panin Insurance Tbk		2,336
	90,425,000	*	PT Panin Life Tbk		2,084
	1,537,828		QBE Insurance Group Ltd		18,275
	345,560		Reinsurance Group of America, Inc (Class A)		27,517
	141,609		RenaissanceRe Holdings Ltd		13,821
	1,654,708		Resolution Ltd		8,244
	164,684	e	RLI Corp		7,286
	760,068		RMI Holdings		2,075
	5,560,747		Royal & Sun Alliance Insurance Group plc		8,302
	54,651		Safety Insurance Group, Inc		2,943
	984,686		Sampo Oyj (A Shares)		51,115
	60,649		Samsung Fire & Marine Insurance Co Ltd		13,661
	170,535		Samsung Life Insurance Co Ltd		16,119
	3,728,473	e	Sanlam Ltd		20,367
	13,887		Schweizerische National-Versicherungs-Gesellschaft		949
	284,418		SCOR		9,962
	238,711		Selective Insurance Group, Inc		5,567
	15,987,630		Shin Kong Financial Holding Co Ltd		5,060
	265,000		Shinkong Insurance Co Ltd		207
	57,959		Societa Cattolica di Assicurazioni SCRL		1,488
	420,734		Sony Financial Holdings, Inc		6,880
	821,482		St. James’s Place plc		11,320
	147,308		Stancorp Financial Group, Inc		9,840
	1,973,994		Standard Life plc		12,437
	59,456		State Auto Financial Corp		1,267
	665,950		Steadfast Group Ltd		971
	83,033	e	Stewart Information Services Corp		2,917
	527,424	*	Storebrand ASA		3,037

92

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	142,533		Sul America SA	$	952
	988,664	e	Sun Life Financial, Inc		34,234
	2,053,074		Suncorp-Metway Ltd		24,570
	16,856		Swiss Life Holding		4,145
	1,180,838		Swiss Re Ltd		109,598
	113,700		Syarikat Takaful Malaysia BHD		416
	311,775		Symetra Financial Corp		6,179
	1,214,934		T&D Holdings, Inc		14,460
	444,000		Taiwan Fire & Marine Insurance Co		352
	757,409	*	Taiwan Life Insurance Co Ltd		618
	1,828,458	*,e	Third Point Reinsurance Ltd		28,981
	76,640		Tong Yang Life Insurance		734
	111,028	*	Topdanmark AS		3,231
	453,530		Torchmark Corp		35,693
	156,942	e	Tower Group International Ltd		424
	668,787		Travelers Cos, Inc		56,914
	68,939		TrygVesta AS		6,819
	454,200	*	Tune Ins Holdings BHD		274
	837,964		Unipol Gruppo Finanziario S.p.A		6,561
	941,308		Unipol Gruppo Finanziario S.p.A (Priv)		6,526
	37,116	*,e	United America Indemnity Ltd		978
	78,239		United Fire & Casualty Co		2,375
	93,356		Universal Insurance Holdings, Inc		1,186
	748,244		UnumProvident Corp		26,421
	785,298		Validus Holdings Ltd		29,614
	28,771		Vittoria Assicurazioni S.p.A.		421
	133,737		W.R. Berkley Corp		5,566
	5,175		White Mountains Insurance Group Ltd		3,104
	32,787		Wiener Staedtische Allgemeine Versicherung AG.		1,620
	581		Willis Group Holdings plc		26
	896,864		XL Capital Ltd		28,027
	155,471		Zurich Financial Services AG.		47,747
			TOTAL INSURANCE		5,277,249
MATERIALS - 5.3%
	115,252	e	A. Schulman, Inc		4,179
	406,624	e	Acerinox S.A.		6,537
	524,083		ACHEM Technology Corp		441
	214,000		Achilles Corp		297
	50,000		Acron JSC (GDR)		147
	161,581		Adana Cimento		291
	259,500		ADEKA Corp		2,986
	1,021,364		Adelaide Brighton Ltd		3,806
	162,570	*	Advanced Emissions Solutions, Inc		3,989
	29,781	*	Advanced Metallurgical Group NV		293
	171,379		Aeci Ltd		2,067
	13,811	*	AEP Industries, Inc		512
	145,516		African Barrick Gold Ltd		638
	296,063	*,e	African Minerals Ltd		773
	163,870		African Oxygen Ltd		308
	119,414		African Rainbow Minerals Ltd		2,362
	135,567		Agnico-Eagle Mines Ltd		4,104

93

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	165,000		Agrium, Inc	$	16,091
	309,460	e	Agrium, Inc (Toronto)		30,157
	387,000		Aichi Steel Corp		1,525
	245,100	*,e	Ainsworth Lumber Co Ltd		882
	149,222		Air Liquide		20,208
	114,140		Air Products & Chemicals, Inc		13,587
	151,422		Air Water, Inc		2,090
	50,227		Airgas, Inc		5,350
	4,000		AK Holdings, Inc		214
	525,812	*,e	AK Steel Holding Corp		3,796
	73,539		Akcansa Cimento AS		380
	861,982		Akzo Nobel NV		70,304
	389,570		Alamos Gold, Inc		3,520
	113,138		Albemarle Corp		7,515
	1,669,483		Alcoa, Inc		21,486
	402,756		Alent plc		2,129
	14,000		Alexandria Mineral Oils Co		138
	223,421		Allegheny Technologies, Inc		8,419
	395,526	*,e	Allied Nevada Gold Corp		1,705
	1,129,200	e	Alpek SAB de C.V.		2,013
	378,962		Altri SGPS S.A.		1,377
	361,518	*	Alumina Ltd		403
	11,631,300	*,e	Aluminum Corp of China Ltd		4,007
	13,707	f	AMAG Austria Metall AG. (purchased 5/31/12, cost $313)		455
	1,058,240		Ambuja Cements Ltd		3,591
	99,768		AMCOL International Corp		4,567
	2,078,734		Amcor Ltd		20,085
	92,054	e	American Vanguard Corp		1,993
	4,707,000		AMVIG Holdings Ltd		1,802
	316,997		Anadolu Cam Sanayii AS		248
	673,500	e	Anatolia Minerals Development Ltd		1,706
	57,800	*,e	Angang New Steel Co Ltd		36
	741,255		Anglo American plc (London)		18,943
	131,319	*,e	Anglo Platinum Ltd		5,892
	924,717		AngloGold Ashanti Ltd		15,839
	2,429,094	e	Anhui Conch Cement Co Ltd		10,448
	158,000		ANN JOO Resources BHD		54
	2,377,154		Antofagasta plc		33,165
	231,347	*,e	APERAM		6,136
	129,801		Aptargroup, Inc		8,580
	920,990	*	Aquarius Platinum Ltd		555
	236,538	*	Aquila Resources Ltd		515
	77,392	*,e	Arabian American Development Co		840
	450,883		ArcelorMittal		7,277
	185,000	*	Argonaut Gold, Inc		807
	7,589		Arkema		859
	27,574	e	Asahi Holdings, Inc		447
	1,495,529		Asahi Kasei Corp		10,141
	94,000		Asahi Organic Chemicals Industry Co Ltd		212
	236,600	*,e	Asanko Gold, Inc		492
	127,375		Ashland, Inc		12,671

94

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,750,000	e	Asia Cement China Holdings Corp	$	1,388
	2,489		Asia Cement Co Ltd		233
	4,771,693		Asia Cement Corp		5,963
	59,639		Asia Plastic Recycling Holding Ltd		172
	369,500		Asia Polymer		281
	353,639		Asian Paints Ltd		3,247
	41,752		Associated Cement Co Ltd		979
	90,000		Assore Ltd		3,488
	677,200		Atlas Consolidated Mining & Development		211
	3,770,396	e	Atlas Iron Ltd		3,428
	16,480	*	Auriga Industries (Class B)		584
	412,844		Avery Dennison Corp		20,919
	855,955		Axiall Corp		38,449
	451,078		AZ Electronic Materials S.A.		3,029
	745,635	*	B2Gold Corp		2,023
	8,789		Bagfas Bandirma Gubre Fabrik		137
	130,261		Balchem Corp		6,789
	192,639		Ball Corp		10,559
	1,313,988		Barrick Gold Corp (Canada)		23,391
	1,317,316		BASF AG.		146,581
	2,138		BASF India Ltd		31
	67,077		Baticim Bati Anadolu Cimento Sanayii AS		181
	5,096		Bayer CropScience Ltd		129
	3,849,100		BBMG Corp		3,002
	389,230		BC Iron Ltd		1,714
	751,278	*,e	Beadell Resources Ltd		421
	99,557		Bekaert S.A.		4,057
	61,976		Bemis Co, Inc		2,432
	362,200		Bengang Steel Plates Co		108
	49,361		Berger Paints India Ltd		190
	5,292,661	*	Berry Plastics Group, Inc		122,525
	4,992,384		BHP Billiton Ltd		169,218
	6,196,130		BHP Billiton plc		191,328
	187,681		Billerud AB		2,598
	759,783	*	BlueScope Steel Ltd		4,330
	40,427	*	Boise Cascade Co		1,158
	461,802		Boliden AB		7,033
	1,353,424		Boral Ltd		7,113
	5,340,000	*	Borneo Lumbung Energi & Metal		58
	251,429		Borregaard ASA		1,683
	54,715		Borusan Mannesmann Boru Sanayi		144
	7,968,246	*,m	Boryszew S.A.		1,239
	258,693		Bradespar S.A.		2,244
	505,728	*	Braskem S.A.		3,965
	71,962		Brush Engineered Materials, Inc		2,442
	95,165	e	Buzzi Unicem S.p.A.		1,776
	94,237		Buzzi Unicem S.p.A. RSP		992
	5,600	e	C Uyemura & Co Ltd		277
	206,721		Cabot Corp		12,209
	174,782	*	Calgon Carbon Corp		3,815
	466,400	e	Canexus Corp		2,114
	366,468	*	Canfor Corp		8,652

95

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	72,900		Canfor Pulp Products, Inc	$	775
	157,322		CAP S.A.		2,547
	29,150		Capro Corp		130
	372,811	*	Capstone Mining Corp		985
	78,083		Carclo plc		229
	285,878		Carpenter Technology Corp		18,879
	145,552		Cascades, Inc		994
	65,900	*,e	Castle (A.M.) & Co		968
	123,004		Celanese Corp (Series A)		6,828
	73,088		Cementir S.p.A.		693
	952,807		Cementos Argos S.A.		4,870
	781,931	*	Cemex Latam Holdings S.A.		6,511
	22,052,974	*	Cemex S.A. de C.V.		27,871
	2,211,574	*	Centamin plc		1,867
	511,600		Centerra Gold, Inc		2,383
	195,318	*	Century Aluminum Co		2,580
	120,538		Century Textile & Industries Ltd		735
	565,553		CF Industries Holdings, Inc		147,406
	457,166		Chambal Fertilizers & Chemicals Ltd		306
	20,949		Chase Corp		661
	52,265		Cheil Industries, Inc		3,528
	405,785	*	Chemtura		10,262
	2,191,560		Cheng Loong Corp		1,005
	832,925	*	Chia Hsin Cement Corp		435
	5,393,100		China BlueChemical Ltd		2,782
	270,620		China General Plastics Corp		141
	171,000		China Hi-ment Corp		388
	670,000	*	China Manmade Fibers Corp		257
	375,777		China Metal Products		487
	3,613,200	e,m	China Metal Recycling Holdings Ltd		5
	3,781,578	e	China National Building Material Co Ltd		3,803
	2,627,000	e	China National Materials Co Ltd		472
	5,260,175		China Petrochemical Development Corp		2,179
	3,306,000	*,e	China Precious Metal Resources Holdings Co Ltd		401
	1,422,000		China Rare Earth Holdings Ltd		189
	8,065,056		China Resources Cement Holdings Ltd		6,372
	1,950,000		China Sanjiang Fine Chemicals		944
	5,094,200		China Shanshui Cement Group Ltd		2,153
	216,000		China Steel Chemical Corp		1,236
	12,755,228		China Steel Corp		10,754
	937,000		China Synthetic Rubber Corp		874
	663,000	*	China Vanadium Titano-Magnetite Mining Co Ltd		74
	720,000	*	Chongqing Iron & Steel Co Ltd		95
	224,078		Christian Hansen Holding		8,893
	66,000		Chugoku Marine Paints Ltd		469
	1,398,328		Chun Yuan Steel		565
	1,344,720	*	Chung Hung Steel Corp		357
	169,950	*	Chung Hwa Pulp Corp		50
	211,661		Cia de Minas Buenaventura S.A. (ADR) (Series B)		2,661
	1,744,536		Cia Siderurgica Nacional S.A.		7,566
	103,930	*	Ciech S.A.		1,124
	169,669		Cimsa Cimento Sanayi Ve Tica		884

96

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,208,000		Citic Dameng Holdings	$	89
	2,202,136		Clariant AG.		42,822
	80,895	*	Clearwater Paper Corp		5,070
	2,366,323	e	Cliffs Natural Resources, Inc		48,415
	63,833	*	CNK International Co Ltd		204
	539,546	*	Coeur d’Alene Mines Corp		5,012
	443,947		Commercial Metals Co		8,382
	86,132	*,m	Companhia Vale do Rio Doce		0
	871,363	e	Companhia Vale do Rio Doce (ADR)		12,051
	156,381		Compass Minerals International, Inc		12,905
	1,435,348	*	Constellium NV		42,127
	221,000	*,e	Corp Durango SAB de C.V.		467
	3,420,000	e	CPMC Holdings Ltd		2,720
	1,063,548		CRH plc		29,760
	131,290		Croda International plc		5,583
	145,100	*	Cronus Resources Ltd		501
	302,709	*	Crown Holdings, Inc		13,543
	374,600		CSC Steel Holdings BHD		151
	2,338,926		CSR Ltd		7,636
	25,040,000	*	CST Mining Group Ltd		181
	140,972	*,e	Cudeco Ltd		224
	451,182		Cytec Industries, Inc		44,040
	1,502,300		D&L Industries Inc		279
	144,000		Dai Nippon Toryo Co Ltd		230
	681,689		Daicel Chemical Industries Ltd		5,589
	59,530		Daido Steel Co Ltd		298
	162,000		Daiken Corp		440
	147,857		Dainichiseika Color & Chemicals Manufacturing Co Ltd		686
	1,099,845		Dainippon Ink and Chemicals, Inc		2,886
	258,872	e	Daio Paper Corp		3,112
	90,000		Daiso Co Ltd		319
	225,400	*	Danhua Chemical Technology Co Ltd		100
	20,822		DC Chemical Co Ltd		3,483
	35,680		Deltic Timber Corp		2,327
	1,546,000		Denki Kagaku Kogyo KK		5,296
	158,132	*	Detour Gold Corp		1,369
	107,814	*	Dominion Diamond Corp		1,448
	250,693		Domtar Corp		28,133
	67,414		Dongjin Semichem Co Ltd		239
	67,948		Dongkuk Industries Co Ltd		218
	35,800		Dongkuk Steel Mill Co Ltd		421
	21,542		Dongsung Finetec Co Ltd		247
	1,644,000	e	Dongyue Group		671
	7,336,085		Dow Chemical Co		356,460
	442,000	e	Dowa Holdings Co Ltd		3,688
	807,447		DRDGOLD Ltd		303
	1,341,820		DS Smith plc		7,272
	24,454		DSM NV		1,677
	1,646,240		Du Pont (E.I.) de Nemours & Co		110,463
	448,920		DuluxGroup Ltd		2,390
	124,100	*	Dundee Precious Metals, Inc		448
	38,526		Eagle Materials, Inc		3,416

97

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	15,600		Earth Chemical Co Ltd	$	568
	204,973		Eastman Chemical Co		17,671
	235,042		Ecolab, Inc		25,382
	15,074		EID Parry India Ltd		34
	590,824		El Ezz Steel Co		1,429
	1,048,816		Eldorado Gold Corp		5,835
	1,481,414		Elementis plc		7,094
	2,484,119		Empresas CMPC S.A.		5,695
	24,001		EMS-Chemie Holding AG.		9,070
	292,538	*	Endeavour Mining Corp		209
	153,139	*	Endeavour Mining Corp (ADR)		113
	238,100	*	Endeavour Silver Corp		1,027
	56,903	e	Eramet		6,845
	5,108,399		Eregli Demir ve Celik Fabrikalari TAS		6,589
	1,189,000		Eternal Chemical Co Ltd		1,243
	137,900		Eternit S.A.		507
	95,300		Eucatex S.A. Industria e Comercio		226
	33,492		Eugene Corp		112
	599,098		Everlight Chemical Industrial Corp		539
	601,009	e	Evolution Mining Ltd		479
	384,753	*	Evonik Industries AG.		15,000
	342,224	*,e	Evraz plc		456
	513,750		Feng Hsin Iron & Steel Co		865
	101,400		Ferbasa-Ferro Ligas DA Bahia		572
	690,265		Ferrexpo plc		1,782
	231,115	*	Ferro Corp		3,157
	44,100	*	Fertilizantes Heringer S.A.		125
	418,363	*	Fibria Celulose S.A.		4,652
	2,228,378		Filtrona plc		32,476
	137,200	*	First Majestic Silver Corp		1,323
	750,672		First Quantum Minerals Ltd		13,873
	1,854,737	e	Fletcher Building Ltd		15,343
	153,225	*,e	Flotek Industries, Inc		4,267
	445,521		FMC Corp		34,109
	75,040	*	Foosung Co Ltd		281
	4,082,400		Formosa Chemicals & Fibre Corp		9,887
	5,233,088		Formosa Plastics Corp		13,120
	405,000		Formosan Rubber Group, Inc		397
	960,432		Formosan Union Chemical		467
	14,988,930	e	Fortescue Metals Group Ltd		73,384
	164,400	*	Fortuna Silver Mines, Inc		605
	5,397,600	e	Fosun International		6,799
	28,600	e	FP Corp		909
	211,969		Franco-Nevada Corp		9,740
	2,307,462		Freeport-McMoRan Copper & Gold, Inc (Class B)		76,308
	810,947		Fresnillo plc		11,432
	43,401		Frutarom Industries Ltd		1,043
	155,661		Fuchs Petrolub AG. (Preference)		15,639
	2,630,200	e	Fufeng Group Ltd		1,002
	27,852		Fuji Seal International, Inc		947
	16,300		Fujimi, Inc		203
	26,900		Fujimori Kogyo Co Ltd		697

98

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,562,000		Furukawa-Sky Aluminum Corp	$	6,446
	9,045,000	e	Fushan International Energy Group Ltd		2,755
	80,476		FutureFuel Corp		1,634
	34,782,600	*,m	G J Steel PCL		32
	14,545,600	*,m	G Steel PCL		34
	311,670	*	Gabriel Resources Ltd		254
	333,342		Gammon Gold, Inc		1,453
	135,877	*	Gem Diamonds Ltd		392
	192,339	*,e	General Moly, Inc		190
	1,174,102		Gerdau S.A. (Preference)		7,513
	15,424		Givaudan S.A.		23,857
	138,573		Glatfelter		3,772
	750,300	*	Gleichen Resources Ltd		726
	6,172,614		Glencore Xstrata plc		31,840
	247,629		Globe Specialty Metals, Inc		5,156
	486,192		Gloria Material Technology Corp		383
	175,000		Godo Steel Ltd		245
	78,783		Godrej Industries Ltd		417
	804,137		Gold Fields Ltd		3,042
	98,135	*,e	Gold Resource Corp		469
	813,014		Goldcorp, Inc		19,834
	8,356,418		Goldsun Development & Construction Co Ltd		3,243
	6,187		Goltas Cimento		137
	2,041,000		Grand Pacific Petrochemical		1,242
	1,155,425		Grange Resources Ltd		279
	2,508,933	*	Graphic Packaging Holding Co		25,491
	605,755	*,m	Great Basin Gold Ltd		5
	148,000		Great China Metal Industry		189
	5,230,000	e	Greatview Aseptic Packaging Co		2,778
	15,620		Greif, Inc (Class A)		820
	52,733,560	*,e	G-Resources Group Ltd		1,559
	556,456		Grupo Argos S.A.		5,836
	162,630		Grupo Argos S.A.(Preference)		1,699
	464,592	e	Grupo Empresarial Ence S.A.		1,402
	5,593,149	e	Grupo Mexico S.A. de C.V. (Series B)		17,663
	158,400	*	Grupo Simec SAB de C.V.		609
	132,352	*	Gubre Fabrikalari TAS		234
	41,946		Gujarat Flourochemicals		225
	125,675		Gujarat State Fertilisers & Chemicals Ltd		119
	3,179,452	*,e,m	Gunns Ltd		29
	1,584	*,m	Gunns Ltd (Forest)		0	^
	105,742	*	Guyana Goldfields, Inc		234
	13,925		H&R WASAG AG.		150
	171,282		H.B. Fuller Co		8,269
	2,488	*	Hadera Paper Ltd		131
	23,210		Han Kuk Carbon Co Ltd		172
	7,020		Hanil Cement Manufacturing		853
	17,730		Hansol Chemical Co Ltd		513
	83,710		Hansol Paper Co		955
	101,495		Hanwha Chemical Corp		1,851
	137,147		Hanwha Corp		4,145
	421,927		Harmony Gold Mining Co Ltd		1,288

99

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	30,056		Hawkins, Inc	$	1,104
	48,276		Haynes International, Inc		2,607
	454,024	*	Headwaters, Inc		5,998
	1,230,675	e	Hecla Mining Co		3,778
	19,515		HeidelbergCement AG.		1,673
	58,391		Hexpol AB (Series B)		5,160
	375,616		Highland Gold Mining Ltd		448
	138,838		Hill & Smith Holdings plc		1,260
	1,229,792		Hindalco Industries Ltd		2,925
	125,782		Hitachi Chemical Co Ltd		1,711
	74,830		Hitachi Metals Ltd		1,066
	674,131		Ho Tung Chemical Corp		314
	224,595		Hochschild Mining plc		633
	120,929	e	Hokuetsu Paper Mills Ltd		606
	1,027,441		Holcim Ltd		85,154
	1,867,000		Holcim Philippines, Inc		549
	132,964		Holmen AB (B Shares)		4,879
	21,404		Honam Petrochemical Corp		3,798
	2,160,000	*	Honbridge Holdings Ltd		437
	182,013	*,e	Horsehead Holding Corp		3,061
	49,000		Hsin Kuang Steel Co Ltd		32
	2,865,700	e	Huabao International Holdings Ltd		1,315
	615,800		Hubei Sanonda Co Ltd		700
	38,250		Huchems Fine Chemical Corp		775
	201,892	e	HudBay Minerals, Inc		1,576
	219,417		Huhtamaki Oyj		6,017
	532,000	*	Huili Resources Group Ltd		106
	1,648,000	*,e	Hunan Non-Ferrous Metal Ltd		472
	1,497,044		Huntsman Corp		36,558
	56,312		Hyosung Corp		4,074
	18,648		Hyundai Hysco		969
	78,381		Hyundai Steel Co		5,084
	1,134,600		IAMGOLD Corp		3,992
	37,000		Ihara Chemical Industry Co Ltd		298
	532,620	e	Iluka Resources Ltd		4,905
	31,969		Imerys S.A.		2,842
	591,986		Impala Platinum Holdings Ltd		6,726
	63,900	*	Imperial Metals Corp		822
	2,663,058		Incitec Pivot Ltd		7,324
	243,031		Independence Group NL		884
	267,893		India Cements Ltd		274
	1,571,778		Indorama Ventures PCL (Foreign)		1,110
	189,600	*	Industrias CH SAB de C.V.		1,053
	146,365		Industrias Penoles S.A. de C.V.		3,825
	721,570		Inner Mongolia Eerduosi Resourses Co Ltd		624
	82,077		Innophos Holdings, Inc		4,654
	101,354		Innospec, Inc		4,584
	78,165		International Flavors & Fragrances, Inc		7,478
	74,700	*	International Forest Products Ltd		1,112
	1,522,244		International Paper Co		69,841
	149,605	e	Intertape Polymer Group, Inc		1,683
	210,976	e	Intrepid Potash, Inc		3,262

100

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,354,000	*	IRC Ltd	$	129
	441,000	*	Ishihara Sangyo Kaisha Ltd		407
	575,007		Israel Chemicals Ltd		5,030
	1,075	*	Israel Corp Ltd		600
	22,220		ISU Chemical Co Ltd		278
	78,622	e	Italcementi S.p.A.		970
	162,344		Italcementi S.p.A. RNC		1,276
	7,057	*,e	Italmobiliare S.p.A.		283
	33,412	*	Italmobiliare S.p.A. RSP		930
	365,900	*	Ivanhoe Mines Ltd		569
	42,897	*	Izmir Demir Celik Sanayi AS		52
	743,256		James Hardie Industries NV		9,928
	28,400	e	Japan Pile Corp		231
	59,778		Jastrzebska Spolka Weglowa S.A.		907
	285,711		JFE Holdings, Inc		5,369
	7,169,900	e	Jiangxi Copper Co Ltd		12,082
	99,092		Jindal Saw Ltd		94
	414,907		Jindal Steel & Power Ltd		2,034
	209,900	*	Jinshan Gold Mines, Inc		522
	374,375		Johnson Matthey plc		20,440
	16,500		JSP Corp		254
	267,955		JSR Corp		4,957
	103,350		JSW Steel Ltd		1,795
	620,152		K&S AG.		20,365
	2,571,394	*,e,m	Kagara Zinc Ltd		24
	72,353		Kaiser Aluminum Corp		5,167
	229,715		Kaneka Corp		1,390
	316,424		Kansai Paint Co Ltd		4,505
	260,196		Kapstone Paper and Packaging Corp		7,504
	80,636	*	Kardemir Karabuk Demir Celik S		101
	153,308	*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class A)		153
	337,549		Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D)		204
	1,215		Kartonsan Karton Sanayi		127
	341,144		Kazakhmys plc		1,502
	125,695	e	Kemira Oyj		1,834
	287,782		KGHM Polska Miedz S.A.		10,378
	908,400		Kian Joo Can Factory BHD		917
	1,013,699	e	Kingsgate Consolidated Ltd		940
	1,616,942	*	Kinross Gold Corp		6,684
	13,620		KISCO Corp		351
	12,588		KISWIRE Ltd		451
	40,000		Klabin S.A.		205
	2,832,775		Klabin S.A. (Preference)		2,909
	27,461		KMG Chemicals, Inc		431
	35,000		Koatsu Gas Kogyo Co Ltd		193
	1,118,680	*	Kobe Steel Ltd		1,485
	8,750		Kolon Corp		173
	44,694		Kolon Industries, Inc		2,291
	39,500		Konishi Co Ltd		699
	956		Konya Cimento Sanayii		104

101

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	108,638		Koppers Holdings, Inc	$	4,479
	14,300		Korea Kumho Petrochemical		1,184
	4,109		Korea Petrochemical Ind Co Ltd		297
	15,723		Korea Zinc Co Ltd		4,916
	42,230		Koza Altin Isletmeleri AS		365
	251,951	*	Koza Anadolu Metal Madencilik Isletmeleri AS		258
	3,822		KPX Chemical Co Ltd		227
	127,951	*	Kraton Polymers LLC		3,345
	38,979	e	Kronos Worldwide, Inc		650
	57,000		Krosaki Harima Corp		125
	16,391		Kukdo Chemical Co Ltd		761
	214,142	e	Kumba Iron Ore Ltd		7,673
	54,000		Kumiai Chemical Industry Co Ltd		344
	193,385		Kuraray Co Ltd		2,213
	252,000		Kureha CORP		1,193
	109,000		Kurimoto Ltd		241
	16,900		Kyoei Steel Ltd		299
	143,400	e	Labrador Iron Ore Royalty Corp		3,899
	456,420		Lafarge Malayan Cement BHD		1,264
	27,854		Lafarge S.A.		2,174
	83,087	*	Landec Corp		927
	846,071		Lanxess AG.		63,863
	6,210,700	e	Lee & Man Paper Manufacturing Ltd		3,869
	575,193		LEE Chang Yung Chem IND Corp		672
	9,146	e	Lenzing AG.		504
	84,056		LG Chem Ltd		20,114
	13,739		LG Chem Ltd (Preference)		1,919
	58,672		Linde AG.		11,748
	249,000		Lingbao Gold Co Ltd		43
	57,300		Lintec Corp		1,092
	674,300		Lion Industries Corp BHD		126
	28,854		Lock & Lock Co Ltd		432
	137,345	*,e	London Mining plc		155
	2,313,560		Long Chen Paper Co Ltd		1,092
	571,657	*,e	Lonmin plc		2,731
	3,460,757	*	Louisiana-Pacific Corp		58,383
	67,194	*	LSB Industries, Inc		2,514
	76,000		Luks Group Vietnam Holdings Ltd		23
	646,381	*	Lundin Mining Corp		2,970
	2,530,962	*,e	Lynas Corp Ltd		495
	4,771,199	e	LyondellBasell Industries AF S.C.A		424,350
	14,285		Madras Cements Ltd		51
	61,469	*	MAG. Silver Corp		426
	220,000		Magnesita Refratarios S.A.		487
	4,905		Maharashtra Seamless Ltd		16
	193,712		Major Drilling Group International		1,500
	111,393		Mardin Cimento Sanayii		227
	13,045	*,e	Marrone Bio Innovations, Inc		182
	83,097	e	Martin Marietta Materials, Inc		10,665
	12,624		Maruichi Steel Tube Ltd		327
	2,946,333		Masisa S.A.		161
	17,938	e	Mayr-Melnhof Karton AG.		2,244

102

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	246,003		MeadWestvaco Corp	$	9,260
	80,024	*,e	Mechel Steel Group OAO (ADR)		166
	258,732	*	Medusa Mining Ltd		498
	2,964,930	*	Merafe Resources Ltd		301
	549,742	*	Metals X Ltd		102
	585,400		Metalurgica Gerdau S.A.		4,492
	385,579	e	Methanex Corp		24,673
	52,471		Methanex Corp (New)		3,355
	1,245,609	e	Mexichem SAB de C.V.		4,408
	1,086,000	e	Midas Holdings Ltd		381
	328,861	*,e	Midway Gold Corp		345
	745,738	*,e	Minera Frisco SAB de C.V.		1,447
	108,873	*	Mineral Deposits Ltd		219
	131,991		Minerals Technologies, Inc		8,521
	2,164,400	*,e	Minmetals Resources Ltd		451
	3,829,337	*,e,m	Mirabela Nickel Ltd		28
	2,545,106		Mitsubishi Chemical Holdings Corp		10,570
	316,158		Mitsubishi Gas Chemical Co, Inc		1,782
	2,663,060		Mitsubishi Materials Corp		7,547
	400,000		Mitsubishi Paper Mills Ltd		356
	173,000		Mitsubishi Steel Manufacturing Co Ltd		372
	688,402	e	Mitsui Chemicals, Inc		1,685
	1,763,000		Mitsui Mining & Smelting Co Ltd		4,069
	220,057	*	Mittal Steel South Africa Ltd		700
	1,038,315		MMC Norilsk Nickel (ADR)		17,301
	37,185		MNTech Co Ltd		239
	552,744	*,e	Molycorp, Inc		2,592
	161,994		Mondi Ltd		2,837
	995,406		Mondi plc		17,443
	1,965,254		Monsanto Co		223,587
	53,400		Moorim P&P Co Ltd		256
	197,087		Mosaic Co		9,854
	4,706,260		Mount Gibson Iron Ltd		3,987
	267,267		Mpact Ltd		690
	408,714		M-real Oyj (B Shares)		1,881
	173,457		Myers Industries, Inc		3,455
	191,551	*	Mytilineos Holdings S.A.		1,842
	531,194	*,m	Nagarjuna Fertilizers & Chemicals		70
	187,000	*,e	Nakayama Steel Works Ltd		152
	50,510		Namhae Chemical Corp		418
	721,327		Nampak Ltd		2,465
	5,947,813		Nan Ya Plastics Corp		12,630
	737,418		Nantex Industry Co Ltd		456
	83,098		Neenah Paper, Inc		4,298
	39,100		Neturen Co Ltd		250
	258,800	e	Nevsun Resources Ltd		876
	698,922	*	New Gold, Inc		3,458
	112,930	*,e	New World Resources plc (A Shares)		64
	1,864,406		Newcrest Mining Ltd		17,060
	59,546		NewMarket Corp		23,269
	595,299		Newmont Mining Corp		13,954
	167,200	*	NGEx Resources, Inc		257

103

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,481,250		Nickel Asia Corp	$	654
	124,700		Nihon Nohyaku Co Ltd		1,876
	54,874		Nihon Parkerizing Co Ltd		1,267
	116,000		Nihon Yamamura Glass Co Ltd		205
	5,110,800	e	Nine Dragons Paper Holdings Ltd		3,994
	70,000	e	Nippon Carbide Industries Co I		156
	146,000		Nippon Denko Co Ltd		389
	194,800		Nippon Kayaku Co Ltd		2,190
	1,995,800	e	Nippon Light Metal Holdings Co Ltd		2,609
	367,000		Nippon Paint Co Ltd		5,557
	229,800	e	Nippon Paper Industries Co Ltd		4,333
	156,000	e	Nippon Shokubai Co Ltd		1,847
	163,000		Nippon Soda Co Ltd		883
	3,978,870		Nippon Steel Corp		10,857
	48,810		Nippon Synthetic Chemical Industry Co Ltd		351
	215,000		Nippon Valqua Industries Ltd		596
	165,000	*,e	Nippon Yakin Kogyo Co Ltd		528
	145,800		Nissan Chemical Industries Ltd		2,183
	146,200		Nisshin Steel Holdings Co Ltd		1,252
	60,000		Nittetsu Mining Co Ltd		235
	189,196		Nitto Denko Corp		9,073
	326,921		NOF Corp		2,365
	138,216		Noranda Aluminium Holding Corp		568
	305,084	e	Norbord, Inc		8,039
	39,802		Norddeutsche Affinerie AG.		2,162
	1,044,648		Norsk Hydro ASA		5,201
	155,822	*,e	North American Palladium Ltd		76
	13,010,000	*	North Mining Shares Co Ltd		622
	678,979	*	Northam Platinum Ltd		2,510
	1,134,279		Northern Star Resources Ltd		1,190
	344,582	*	Novagold Resources, Inc		1,256
	19,822	e	Novolipetsk Steel (GDR)		251
	670,416		Nucor Corp		33,883
	1,116,318	e	Nufarm Ltd		4,132
	401,890		Nuplex Industries Ltd		1,208
	459,253	e	Nyrstar		1,709
	86,450	*,m	Nyrstar (Strip VVPR)		0	^
	245,000	*	Ocean Plastics Co Ltd		356
	337,500	*	OceanaGold Corp		714
	1,060,259		OJI Paper Co Ltd		4,742
	94,000		Okamoto Industries, Inc		316
	268,552	e	Olin Corp		7,415
	33,007		Olympic Steel, Inc		947
	181,075		OM Group, Inc		6,015
	350,588	*	OM Holdings Ltd		101
	64,257		Omnia Holdings Ltd		1,288
	149,564	*	Omnova Solutions, Inc		1,552
	3,142,929		OneSteel Ltd		3,954
	669,134		Orica Ltd		13,616
	753,600		Oriental Union Chemical Corp		739
	1,706,742	*	Orora Ltd		2,176
	11,800		Osaka Steel Co Ltd		207

104

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	3,359,537	*	Osisko Mining Corp	$	20,908
	1,215,665	*,e	Outokumpu Oyj		323
	4,862,660	*	Outokumpu Oyj-New		1,229
	1,066,980	*	Owens-Illinois, Inc		36,096
	385,537		Oxiana Ltd		1,275
	187,507	e	Pacific Metals Co Ltd		697
	14,800		Pack Corp		283
	997,111		Packaging Corp of America		70,167
	2,553,405	e	Pan African Resources plc		616
	200,100		Pan American Silver Corp		2,572
	644,626		Pan Australian Resources Ltd		944
	44,074		Papeles y Cartones de Europa S.A.		238
	308,118	*,e	Papillon Resources Ltd		379
	402,630	*,e	Paramount Gold and Silver Corp		495
	242,400	*	Paranapanema S.A.		394
	87,812		Park Elektrik Madencilik Sanayi Ve Ticaret AS		144
	26,622	*	Penford Corp		382
	663,688	*	Perseus Mining Ltd		267
	211,115	e	Peter Hambro Mining plc		272
	506,462	*	Petra Diamonds Ltd		1,260
	3,479,500		Petronas Chemicals Group BHD		7,369
	264,041	*,m	Pike River Coal Ltd		0	^
	623,518		PolyOne Corp		22,858
	11,560		Poongsan		341
	58,210		Poongsan Corp		1,398
	422,114		Portucel Empresa Produtora de Pasta e Papel S.A.		1,921
	132,109		POSCO		36,884
	48,800		POSCO M-Tech Co Ltd		272
	8,231		POSCO Refractories & Environment Co Ltd		992
	50,000	*	Potash Corp of Saskatchewan		1,811
	1,312,982	e	Potash Corp of Saskatchewan (Toronto)		47,495
	1,090,272		PPC Ltd		3,024
	846,898		PPG Industries, Inc		163,841
	310,258		Praxair, Inc		40,634
	160,400	*,e	Premier Gold Mines Ltd		274
	488,300		Press Metal BHD		339
	100,200	*,e	Pretium Resources, Inc		582
	110,000	*	Primero Mining Corp		797
	2,726,500		PT Aneka Tambang Tbk		274
	2,378,600		PT Indocement Tunggal Prakarsa Tbk		4,925
	13,687,700		PT International Nickel Indonesia Tbk		3,419
	11,168,500		PT Krakatau Steel Tbk		508
	3,675,000		PT Semen Gresik Persero Tbk		5,166
	6,735,000		PT Timah Tbk		1,163
	6,907,587		PTT Global Chemical PCL (Foreign)		15,401
	49,189		Quaker Chemical Corp		3,878
	424,638	*,e	Qualipak International Holdings Ltd		47
	17,540		Rallis India Ltd		51
	161,900		Randgold Resources Ltd		12,153
	98,361		Rautaruukki Oyj		1,091
	461,656		Regis Resources Ltd		972
	404,872		Reliance Steel & Aluminum Co		28,608

105

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	250,767		Rengo Co Ltd	$	1,343
	709,348		Rentech, Inc		1,348
	267,376	*,e	Resolute Forest Products		5,372
	846,969		Resolute Mining Ltd		467
	132,782		Rexam plc		1,079
	58,011		RHI AG.		1,867
	81,738	*	Rio Alto Mining Ltd		162
	361,296		Rio Tinto Ltd		21,310
	1,624,761		Rio Tinto plc		90,609
	200,319		Rock-Tenn Co (Class A)		21,148
	273,963		Rockwood Holdings, Inc		20,383
	673,700	*	Romarco Minerals, Inc		427
	116,000		Rotam Global Agrosciences Ltd		245
	81,850	*	Royal Bafokeng Platinum Ltd		507
	123,129		Royal Gold, Inc		7,710
	344,482		RPC Group plc		3,628
	532,187		RPM International, Inc		22,267
	120,890	*	RTI International Metals, Inc		3,358
	349,400	*,e	Rubicon Minerals Corp		370
	20,397		Sa des Ciments Vicat		1,719
	221,000		Sakai Chemical Industry Co Ltd		686
	99,400		Sakata INX Corp		942
	49,281	e	Salzgitter AG.		1,951
	2,833		Sam Kwang Glass Ind Co Ltd		136
	25,546		Samsung Fine Chemicals Co Ltd		1,177
	246,040		San Fang Chemical Industry Co Ltd		244
	107,267	*	Sandfire Resources NL		581
	117,700	*,e	Sandstorm Gold Ltd		660
	174,000		Sanyo Chemical Industries Ltd		1,116
	207,000	*	Sanyo Special Steel Co Ltd		868
	619,294	*	Sappi Ltd		2,177
	655,520		Satipel Industrial S.A.		3,337
	552,309	*	Schmolz + Bickenbach AG.		770
	97,490	e	Schnitzer Steel Industries, Inc (Class A)		2,813
	165,519		Schweitzer-Mauduit International, Inc		7,049
	196,831		Scotts Miracle-Gro Co (Class A)		12,062
	46,200	*,e	Seabridge Gold, Inc		328
	47,606		Seah Besteel Corp		1,223
	2,498		SeAH Holdings Corp		254
	11,868		SeAH Steel Corp		1,202
	2,026,605		Sealed Air Corp		66,615
	1,652,000		Sekisui Plastics Co Ltd		4,407
	535,820		SEMAFO, Inc		1,890
	120,269		Semapa-Sociedade de Investimento e Gestao		1,765
	189,612		Sensient Technologies Corp		10,696
	11,828	*,e	Sequana S.A.		110
	1,323,945		Sesa Goa Ltd		4,181
	17,850		Sesoda Corp		19
	236,604	e	Severstal (GDR)		1,799
	1,363,000		Shandong Chenming Paper Holdings Ltd		613
	951,050		Shandong Chenming Paper Holdings Ltd (Class B)		470
	155,400	*	Shanghai Chlor-Alkali Chemical Co Ltd		71

106

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	246,300	m	Shanghai Yaohua Pilkington Glass Co Ltd	$	155
	201,000		Sheng Yu Steel Co Ltd		152
	597,000	e	Sherritt International Corp		2,085
	489,680		Sherwin-Williams Co		96,531
	218,000	*	Shihlin Paper Corp		324
	38,000		Shikoku Chemicals Corp		274
	11,529	*	Shine Co Ltd		146
	512,612		Shin-Etsu Chemical Co Ltd		29,222
	60,200		Shin-Etsu Polymer Co Ltd		225
	3,316,032		Shinkong Synthetic Fibers Corp		1,113
	259,000		Shiny Chemical Industrial Co Ltd		485
	6,362,000	*,e	Shougang Concord International Enterprises Co Ltd		308
	1,509,723	e	Showa Denko KK		2,137
	5,800		Siam Cement PCL		75
	196,300		Siam Cement PCL (ADR)		2,536
	384,100		Siam Cement PCL (Foreign)		4,942
	1,289,804		Sibanye Gold Ltd		2,742
	209,368		Sigma-Aldrich Corp		19,551
	1,131,000	m	Sijia Group Co		1
	1,800		Sika AG.		7,363
	191,443		Silgan Holdings, Inc		9,480
	368,662	*	Silver Lake Resources Ltd		147
	100,842	*	Silver Standard Resources, Inc		1,001
	755,684		Silver Wheaton Corp		17,144
	362,577	e	Silvercorp Metals, Inc		708
	278,386	*,e	Sims Group Ltd		2,537
	1,852,000	e	Sinochem Hong Kong Holding Ltd		239
	1,116,000		Sinon Corp		620
	4,802,850		Sinopec Shanghai Petrochemical Co Ltd		1,241
	248,160	*,e	Sirius Resources NL		562
	35,402		SK Chemicals Co Ltd		2,098
	24,767		SKC Co Ltd		722
	580,826		Smurfit Kappa Group plc		14,086
	113,130		Sociedad Quimica y Minera de Chile S.A. (Class B)		3,585
	2,028		Societe Internationale de Plantations d’Heveas S.A.		130
	9,872		SODIFF Advanced Materials Co Ltd		343
	1,056,478		Solar Applied Materials Technology Co		935
	274,200		Solvay S.A.		43,073
	15,770		Songwon Industrial Co Ltd		156
	275,491		Sonoco Products Co		11,301
	259,351	*	South Valley Cement		243
	385,000		Southeast Cement Co Ltd		215
	1,989,245	e	Southern Copper Corp (NY)		57,907
	211,521	e	Ssab Svenskt Stal AB (Series A)		1,634
	97,178	e	Ssab Svenskt Stal AB (Series B)		652
	44,540	*	Ssangyong Cement Industrial Co Ltd		383
	620,881	*,e	St Barbara Ltd		158
	679,875		Steel Dynamics, Inc		12,095
	12,700		Stella Chemifa Corp		181
	64,666		Stepan Co		4,175
	457,602	*,e	Stillwater Mining Co		6,777
	5,036		STO AG.		1,041

107

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,787,552		Stora Enso Oyj (R Shares)	$	29,833
	1,338,221		Sumitomo Bakelite Co Ltd		5,148
	1,557,329		Sumitomo Chemical Co Ltd		5,742
	1,714,618		Sumitomo Metal Mining Co Ltd		21,491
	1,341,193		Sumitomo Osaka Cement Co Ltd		5,542
	46,000	e	Sumitomo Seika Chemicals Co Ltd		310
	25,412	e	Sumitomo Titanium Corp		441
	270,261	*	SunCoke Energy, Inc		6,173
	3,011,979	*	Sundance Resources Ltd		269
	13,211		Supreme Industries Ltd		111
	592,100		Suzano Papel e Celulose S.A.		2,187
	160,410		Symrise AG.		8,014
	37,980		Syngenta AG.		14,418
	1,457,655		Synthos S.A.		2,354
	73,389	*	Syrah Resources Ltd		261
	94,100		Ta Ann Holdings BHD		120
	1,200,320		TA Chen Stainless Pipe		574
	1,037		Taekwang Industrial Co Ltd		1,335
	161,403	*,e	Tahoe Resources, Inc		3,414
	102,700	*	Tahoe Resources, Inc (Toronto)		2,171
	1,777,916		Taiheiyo Cement Corp		6,403
	9,527,988		Taiwan Cement Corp		14,737
	1,065,600		Taiwan Fertilizer Co Ltd		2,236
	335,345		Taiwan Hon Chuan Enterprise Co Ltd		728
	155,000		Taiwan Prosperity Chemical Corp		156
	795,980	*	Taiwan Styrene Monomer		461
	18,800		Taiyo Ink Manufacturing Co Ltd		556
	172,464		Taiyo Nippon Sanso Corp		1,357
	103,000		Takasago International Corp		595
	104,000		Takiron Co Ltd		428
	49,592	*	Taminco Corp		1,042
	120,154	*,e	Tanzanian Royalty Exploration Corp		291
	258,359	*	Taseko Mines Ltd		512
	1,154,956		Tata Steel Ltd		7,629
	972,000		TCC International Holdings Ltd		489
	13,231		Technosemichem Co Ltd		478
	838,952	e	Teck Cominco Ltd		18,107
	6,827,713		Teijin Ltd		16,917
	32,119		Ten Cate NV		988
	38,600		Tenma Corp		534
	70,884		Ternium S.A. (ADR)		2,097
	26,395	e	Tessenderlo Chemie NV		761
	70,008	*,e	Texas Industries, Inc		6,274
	201,381	*,e	Thompson Creek Metals Co, Inc (Toronto)		439
	331,075		Thye Ming Industrial Co Ltd		384
	53,162	*	ThyssenKrupp AG.		1,426
	2,586,000	e	Tiangong International Co Ltd		625
	1,865,808	*	Tiger Resources Ltd		634
	399,236	*	Timmins Gold Corp		502
	61,257	*	Titan Cement Co S.A.		2,143
	295,000		Toagosei Co Ltd		1,260
	34,900	e	Toho Titanium Co Ltd		209

108

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	169,000		Toho Zinc Co Ltd	$	512
	701,000		Tokai Carbon Co Ltd		2,375
	1,018,000	e	Tokuyama Corp		3,326
	107,700		Tokyo Ohka Kogyo Co Ltd		2,378
	152,796	*,e	Tokyo Rope Manufacturing Co Ltd		236
	115,400		Tokyo Steel Manufacturing Co Ltd		618
	1,317,750		Ton Yi Industrial Corp		1,501
	100,625		Topco Technologies Corp		257
	246,000		Topy Industries Ltd		434
	593,534		Toray Industries, Inc		3,916
	962,005		Tosoh Corp		3,706
	485,000		Toyo Ink Manufacturing Co Ltd		1,957
	164,000		Toyo Kohan Co Ltd		803
	118,750		Toyo Seikan Kaisha Ltd		1,927
	1,896,676		Toyobo Co Ltd		2,972
	1,555,500		TPI Polene PCL		533
	88,117		Tredegar Corp		2,028
	728,335		TSRC Corp		1,090
	108,975	e	Tubacex S.A.		502
	127,313	e	Tubos Reunidos S.A.		361
	815,900		Tung Ho Steel Enterprise Corp		694
	1,170,571	*	Turquoise Hill Resources Ltd		3,918
	1,407,136		UBE Industries Ltd		2,592
	19,357	*	UFP Technologies, Inc		472
	64,641		Ultra Tech Cement Ltd		2,371
	221,802		Umicore		11,311
	34,600		Uniao de Industrias Petroquimicas S.A.		7
	9,791		Unid Co Ltd		556
	471,629		United Phosphorus Ltd		1,460
	11,878		United States Lime & Minerals, Inc		669
	829,695	e	United States Steel Corp		22,908
	619,000		Universal Cement Corp		622
	25,829	*	Universal Stainless & Alloy		872
	1,566,632		UPC Technology Corp		701
	1,187,524	e	UPM-Kymmene Oyj		20,317
	338,228		Uralkali (GDR)		8,012
	44,658	*	US Concrete, Inc		1,049
	71,203	e	US Silica Holdings Inc		2,718
	2,515,987		USI Corp		1,630
	930,862	*	Usinas Siderurgicas de Minas Gerais S.A. (Preference)		4,197
	2,509,518		Vale S.A.		34,751
	3,556,806		Vale S.A. (Preference)		44,440
	67,609		Valspar Corp		4,876
	158,219	e	Vedanta Resources plc		2,385
	251		Vetropack Holding AG.		464
	180,636		Victrex plc		6,067
	143,684	*,e	Viohalco S.A.		932
	251,596		Voestalpine AG.		11,072
	170,173		Vulcan Materials Co		11,308
	86,171	e	Wacker Chemie AG.		10,518
	2,981,382	e	Walter Energy, Inc		22,539
	158,378	e	Wausau Paper Corp		2,016

109

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	4,694,000	e	West China Cement Ltd	$	528
	415,974		West Fraser Timber Co Ltd		19,002
	190,590	e	Western Areas NL		589
	287,718	*,e	Western Desert Resources Ltd		136
	999,100		Western Forest Products, Inc		2,178
	347,768		Westlake Chemical Corp		23,015
	16,860	*	WHX Corp		371
	1,975,000	*	Winsway Coking Coal Holding Ltd		93
	278,090		Worthington Industries, Inc		10,637
	881,028	*	WR Grace & Co		87,372
	1,118,000	*,e	Xinjiang Xinxin Mining Industry Co Ltd		150
	500,000		Xiwang Special Steel Co Ltd		59
	963,355	e	Yamana Gold, Inc		8,435
	4,612		Yamato Kogyo Co Ltd		145
	312,017		Yara International ASA		13,820
	570,000		Yeun Chyang Industrial Co Ltd		510
	1,895,670	*	Yieh Phui Enterprise		588
	1,710,600		Yingde Gases		1,632
	582,000	e	Yip’s Chemical Holdings Ltd		403
	145,000		Yodogawa Steel Works Ltd		601
	42,970		Youlchon Chemical Co Ltd		602
	1,380,500		Youyuan International Holdings Ltd		392
	1,537,285		Yuen Foong Yu Paper Manufacturing Co Ltd		698
	387,457		Yule Catto & Co plc		1,830
	99,000		Yung Chi Paint & Varnish Manufacturing Co Ltd		255
	40,189		Zaklady Azotowe w Tarnowie-Moscicach S.A.		804
	40,165		Zaklady Chemiczne Police S.A.		279
	361,512		Zeon Corp		3,269
	90,489		Zep, Inc		1,602
	46,000	e	Zhaojin Mining Industry Co Ltd		27
	44,894		Zignago Vetro S.p.A.		388
	22,869,800	e	Zijin Mining Group Co Ltd		4,854
			TOTAL MATERIALS		6,631,543
MEDIA - 3.5%
	1,500,000		ABS-CBN Holdings Corp (ADR)		1,072
	19,200	*,e	Adways, Inc		290
	82,762		AH Belo Corp (Class A)		958
	208,160	e	Aimia, Inc		3,342
	100,615	*	AMC Entertainment Holdings, Inc		2,440
	904,788	*	AMC Networks, Inc		66,131
	194,366		Antena 3 de Television S.A.		2,995
	575,901	*	APN News & Media Ltd		319
	170,172	*,e	Arnoldo Mondadori Editore S.p.A.		340
	34,900		Asatsu-DK, Inc		719
	2,774,100		Astro Malaysia Holdings BHD		2,722
	92,059		Avex Group Holdings, Inc		1,619
	46,781		Axel Springer AG.		2,994
	10,390		Beasley Broadcasting Group, Inc		95
	1,264,200		BEC World PCL (Foreign)		2,128
	16,228,600		Benpres Holdings Corp		1,685
	159,895		Borussia Dortmund GmbH & Co KGaA		865

110

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	12,056,776		British Sky Broadcasting plc	$	183,517
	150,637	e	Cablevision Systems Corp (Class A)		2,541
	113,371		Cairo Communication S.p.A.		1,054
	95,005	*	Carmike Cinemas, Inc		2,837
	2,487,412		CBS Corp (Class B)		153,722
	61,000	*	Central European Media Enterprises Ltd (Class A)		181
	286,073	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		841
	164,382	*	Charter Communications, Inc		20,252
	95,010	*	Cheil Communications, Inc		2,143
	108,066		Chime Communications plc		616
	6,520,000	*	ChinaVision Media Group Ltd		1,462
	247,473		Cinemark Holdings, Inc		7,179
	157,669	e	Cineplex Galaxy Income Fund		6,000
	254,456		Cineworld Group plc		1,318
	436,000	*	City Telecom (HK) Ltd		130
	14,500		CJ CGV Co Ltd		710
	25,844	*	CJ E&M Corp		1,088
	33,070		Clear Channel Outdoor Holdings, Inc (Class A)		301
	20,182		Cogeco Cable, Inc		1,047
	13,745,344		Comcast Corp (Class A)		687,542
	1,672		Comcast Corp (Special Class A)		82
	17,300	*,e	COOKPAD, Inc		411
	191,511	*,e	Corus Entertainment, Inc		4,229
	130,247	*	Crown Media Holdings, Inc (Class A)		500
	48,980		CTS Eventim AG.		3,269
	280,543	*,e	Cumulus Media, Inc (Class A)		1,939
	71,200		CyberAgent, Inc		2,726
	379,972	*	Cyfrowy Polsat S.A.		2,683
	33,110		Daekyo Co Ltd		206
	65,300		Daiichikosho Co Ltd		1,973
	3,025	*,e	Daily Journal Corp		523
	666,279	e	Daily Mail & General Trust		9,657
	4,190,747	*	DEN Networks Ltd		13,440
	239,170		Dentsu, Inc		9,057
	62,960	*,e	Dex Media, Inc		579
	79,200	e	DHX Media Ltd		324
	2,827,304	*	DIRECTV		216,063
	530,455	*	Discovery Communications, Inc (Class A)		43,869
	294,383	*	Discovery Communications, Inc (Class C)		22,685
	2,026,883	*	DISH Network Corp (Class A)		126,092
	772,072	*	Dogan Yayin Holding		180
	37,144	*,e	DreamWorks Animation SKG, Inc (Class A)		986
	100,846	*	Eniro AB		904
	92,110	*	Entercom Communications Corp (Class A)		928
	231,973	*	Entertainment One Ltd		1,276
	240,562		Entravision Communications Corp (Class A)		1,612
	1,261,991		Eros International Media Ltd		3,580
	888,200	*,e	Eros International plc		14,273
	104,360		Eutelsat Communications		3,542
	121,928	*	EW Scripps Co (Class A)		2,161
	4,845		Fenerbahce Sportif Hizmetleri Sanayi ve Ticaret AS		91

111

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	358,000		Fuji Television Network, Inc	$	6,569
	67,000		Gakken Co Ltd		186
	5,423	*	Galatasaray Sportif Sinai ve Ticari Yatirimlar AS		58
	561,406		Gannett Co, Inc		15,495
	191,882	*,e	Gestevision Telecinco S.A.		2,236
	70,520	*,e	Global Sources Ltd		632
	183,408	*	Gray Television, Inc		1,902
	4,682,427		Grupo Televisa S.A.		31,228
	55,000		Grupo Televisa SAB (ADR)		1,831
	174,408	*	Gruppo Editoriale L’Espresso S.p.A.		403
	274,800	*	Hakuhodo DY Holdings, Inc		1,914
	166,868		Harte-Hanks, Inc		1,475
	30,909	*	Hathway Cables and Datacom Pvt Ltd		126
	313,942		Havas S.A.		2,348
	182,000	*,e	HC International, Inc		467
	27,907	*,e	Hemisphere Media Group, Inc		351
	32,450		Hyundai Hy Communications & Network Co		159
	1,069,882	*	IBN18 Broadcast Ltd		455
	859,008		Informa plc		7,576
	2,970,970		Interpublic Group of Cos, Inc		50,922
	39,840		IPSOS		1,615
	9,079,733		ITV plc		29,010
	11,561		Jagran Prakashan Ltd		20
	677,555		JC Decaux S.A.		29,654
	23,182	*	Jcontentree Corp		85
	14,955,170		John Fairfax Holdings Ltd		12,719
	159,624		John Wiley & Sons, Inc (Class A)		9,201
	170,379	*	Journal Communications, Inc (Class A)		1,510
	321,310	*,e	Juventus Football Club S.p.A.		107
	2,661		Kabel Deutschland Holding AG.		366
	82,681	e	Kadokawa Holdings, Inc		2,639
	6,184		Kinepolis		1,210
	27,180		KT Skylife Co Ltd		610
	77,610		Lagardere S.C.A.		3,080
	61,061	*	Lamar Advertising Co (Class A)		3,114
	980,424	*,e	Liberty Global plc		39,913
	979,228	*	Liberty Global plc (Class A)		40,736
	196,686	*	Liberty Media Corp		25,713
	516,962	e	Lions Gate Entertainment Corp		13,818
	545,518	*	Live Nation, Inc		11,865
	4,837		Loen Entertainment, Inc		102
	40,187		Loral Space & Communications, Inc		2,842
	67,357		M6-Metropole Television		1,465
	176,533	*	Madison Square Garden, Inc		10,024
	666,400		Major Cineplex Group PCL		389
	91,255	*,e	Martha Stewart Living Omnimedia, Inc (Class A)		413
	190,439	*,e	McClatchy Co (Class A)		1,223
	877,538		McGraw-Hill Cos, Inc		66,956
	454,600		MCOT PCL		410
	176,847		MDC Partners, Inc		4,036
	1,202,800		Media Chinese International Ltd		336
	76,854	*,e	Media General, Inc (Class A)		1,412

112

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,310,100		Media Prima BHD	$	947
	9,744,751	*	Mediaset S.p.A.		54,500
	250,000		Megacable Holdings SAB de C.V.		1,015
	136,108	e	Meredith Corp		6,319
	139,345		Modern Times Group AB (B Shares)		6,507
	50,680		Morningstar, Inc		4,005
	80,900		Multiplus S.A.		891
	648,541		Naspers Ltd (N Shares)		71,465
	264,519		National CineMedia, Inc		3,968
	490,770	e	New York Times Co (Class A)		8,402
	346,664	*	News Corp		5,970
	91,748	e	Nexstar Broadcasting Group, Inc (Class A)		3,442
	69,900	e	Next Co Ltd		540
	618,900	*,e	Nine Entertainment Co Holdings Ltd		1,342
	135,599	*,e	Numericable SAS		5,330
	402,978		Omnicom Group, Inc		29,256
	169,654	*,e	PagesJaunes Groupe S.A.		435
	255,595		Pearson plc		4,538
	557,962	*	Perform Group plc		2,279
	3,070,000		Phoenix Satellite Television Holdings Ltd		1,034
	1,076,000		Pico Far East Holdings Ltd		312
	929,245	*	Premiere AG.		8,019
	365,953	*,e	Promotora de Informaciones S.A.		212
	791,567		ProSiebenSat. Media AG.		36,309
	11,600		Proto Corp		162
	33,655,000		PT Bhakti Investama Tbk		1,022
	7,214,400		PT Global MediaCom Tbk		1,502
	4,422,000		PT Media Nusantara Citra Tbk		1,034
	5,388,600		PT MNC Sky Vision Tbk		1,137
	208,121		PT Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.		1,633
	4,300,300		PT Surya Citra Media Tbk		1,216
	7,765,500	*	PT Visi Media Asia Tbk		224
	71,723		Publicis Groupe S.A.		6,475
	100,572	e	Quebecor, Inc		2,456
	190,696		REA Group Ltd		8,641
	34,162	*,e	ReachLocal, Inc		336
	56,847	*	Reading International, Inc		417
	2,525,116		Reed Elsevier NV		54,635
	5,060,343		Reed Elsevier plc		77,330
	327,086	e	Regal Entertainment Group (Class A)		6,110
	32,228	*	Rentrak Corp		1,943
	274,666		Rightmove plc		12,087
	388,552		RTL Group		44,252
	17,741		Saga Communications, Inc		882
	33,270		Salem Communications		332
	96,021	e	Sanoma-WSOY Oyj		669
	56,500		Saraiva S.A. Livreiros Editores		400
	60,420		SBS Media Holdings Co Ltd		268
	104,838		Schibsted ASA		6,500
	101,343		Scholastic Corp		3,494
	534,421		Scripps Networks Interactive (Class A)		40,568

113

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	103,190		SES Global S.A.	$	3,850
	53,320	*,e	SFX Entertainment, Inc		376
	547,678	e	Shaw Communications, Inc (B Shares)		13,079
	99,000		Shochiku Co Ltd		845
	212,507	e	Sinclair Broadcast Group, Inc (Class A)		5,757
	227,101	e	Singapore Press Holdings Ltd		759
	540,000	e	SinoMedia Holding Ltd		453
	17,001,609	*	Sirius XM Holdings, Inc		54,405
	85,831	*	Sizmek, Inc		912
	1,426,345		Sky Network Television Ltd		7,745
	482,000		Sky Perfect Jsat Corp		2,583
	21,961	*	SM Entertainment Co		978
	2,680,000	*	SMI Corp Ltd		102
	548,700		Smiles S.A.		8,766
	1,073,743		Societe Television Francaise 1		17,751
	705,424		Southern Cross Media Group		898
	512,499	*	Starz-Liberty Capital		16,543
	21,867	*	Stroer Out-of-Home Media AG.		394
	391,763		STW Communications Group Ltd		510
	47,000	*	T4F Entretenimento S.A.		99
	123,353		Telenet Group Holding NV		7,604
	1,973,643	e	Television Broadcasts Ltd		11,834
	8,041,430	*,e	Ten Network Holdings Ltd		2,056
	693,113	e	Thomson Corp		23,704
	373,146	e	Thomson Corp (Toronto)		12,755
	941,015		Time Warner Cable, Inc		129,088
	3,524,263		Time Warner, Inc		230,240
	181,600	e	Toei Animation Co Ltd		4,580
	709,885		Toei Co Ltd		4,262
	82,005		Toho Co Ltd		1,644
	22,600		Tohokushinsha Film Corp		160
	58,700		Tokyo Broadcasting System, Inc		678
	848,963	*	Tribune Co		67,620
	329,170	*	Trinity Mirror plc		1,059
	21,800		TV Asahi Corp		395
	2,690,463		TV Azteca S.A. de C.V.		1,642
	398,606		TVN S.A.		2,186
	4,544,748		Twenty-First Century Fox, Inc		145,296
	1,524		Twenty-First Century Fox, Inc (Class B)		47
	391,100		United Business Media Ltd		4,446
	143,246	*,e	Usen Corp		449
	18,400	e	ValueCommerce Co Ltd		183
	1,508,000		VGI Global Media PCL		532
	3,226,532		Viacom, Inc (Class B)		274,223
	1,909,600	*	Viva China Holdings Ltd		110
	7,698,797		Walt Disney Co		616,442
	781,230		West Australian Newspapers Holdings Ltd		1,439
	1,333,000	*	Wisdom Holdings Group		899
	36,448		Wolters Kluwer NV		1,028
	29,600	*	Woongjin Thinkbig Co Ltd		196
	106,315	e	World Wrestling Entertainment, Inc (Class A)		3,070
	2,847,048		WPP plc		58,826

114

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	8,100		YG Entertainment, Inc	$	483
	8,405,838	*	Zee Entertainment Enterprises Ltd		7,351
	489,581		ZEE Telefilms Ltd		2,227
	28,800	e	Zenrin Co Ltd		290
			TOTAL MEDIA		4,386,572
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.5%
	13,600	*,e	3-D Matrix Ltd		551
	18,156	*,e	AB Science S.A.		318
	6,152,571		AbbVie, Inc		316,242
	206,934		Abcam plc		1,342
	48,168	*	Ablynx NV		637
	336,607	*,e	Acadia Pharmaceuticals, Inc		8,190
	37,830	*,e	Accelerate Diagnostics, Inc		825
	31,641	*,e	Acceleron Pharma, Inc		1,092
	70,447	*,e	AcelRx Pharmaceuticals, Inc		846
	302,946	*,e	Achillion Pharmaceuticals, Inc		997
	184,709	*	Acorda Therapeutics, Inc		7,002
	509,318		Acrux Ltd		815
	954,336	*	Actavis plc		196,450
	265,065		Actelion Ltd		25,120
	49,050	*,e	Active Biotech AB		219
	452,434		Adcock Ingram Holdings Ltd		2,543
	87,000	*	Adimmune Corp		114
	97,179	*,e	Aegerion Pharmaceuticals, Inc		4,482
	20,069	*	Aerie Pharmaceuticals, Inc		425
	266,941	*,e	Affymetrix, Inc		1,903
	1,131,750		Agilent Technologies, Inc		63,287
	22,732	*,e	Agios Pharmaceuticals, Inc		890
	186,945	*,e	Akorn, Inc		4,113
	83,738	*,e	Albany Molecular Research, Inc		1,557
	876,941	*	Alexion Pharmaceuticals, Inc		133,409
	54,579	*,e	Alimera Sciences, Inc		431
	6,865		ALK-Abello AS		830
	2,261,932	*	Alkermes plc		99,729
	1,857,691		Allergan, Inc		230,539
	206,859	*	Alnylam Pharmaceuticals, Inc		13,888
	106,962	*,e	AMAG Pharmaceuticals, Inc		2,070
	2,935,298		Amgen, Inc		362,040
	100,632	*,e	Amicus Therapeutics, Inc		208
	100,676	*,e	Ampio Pharmaceuticals, Inc		639
	77,296	*,e	Anacor Pharmaceuticals, Inc		1,547
	31,600	*,e	AnGes MG, Inc		148
	16,692	*,e	Aratana Therapeutics, Inc		310
	837,852	*,e	Arena Pharmaceuticals, Inc		5,278
	113,770	*,e	Ariad Pharmaceuticals, Inc		917
	204,259	*	Arqule, Inc		419
	380,032	*	Array Biopharma, Inc		1,786

115

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	74,000		ASKA Pharmaceutical Co Ltd	$	744
	510,121		Aspen Pharmacare Holdings Ltd		13,614
	2,234,485		Astellas Pharma, Inc		26,529
	1,376,458		AstraZeneca plc		89,232
	258,680		AstraZeneca plc (ADR)		16,783
	255,585		Aurobindo Pharma Ltd		2,190
	23,834	*	Auspex Pharmaceuticals Inc		733
	155,525	*,e	Auxilium Pharmaceuticals, Inc		4,227
	453,005	*	AVANIR Pharmaceuticals, Inc		1,663
	205,518	*,e	AVEO Pharmaceuticals, Inc		307
	28,874		Basilea Pharmaceutica		3,299
	32,332	*	Bavarian Nordic AS		588
	2,716,562		Bayer AG.		367,887
	14,274	*,e	BIND Therapeutics, Inc		171
	104,811		Biocon Ltd		746
	94,685	*,e	BioDelivery Sciences International, Inc		799
	31,227		Biogaia AB (B Shares)		1,025
	1,458,220	*	Biogen Idec, Inc		446,026
	303,271	*	BioMarin Pharmaceuticals, Inc		20,686
	240,000	*	Bioneer Corp		3,545
	67,101	*	Bio-Rad Laboratories, Inc (Class A)		8,597
	6,511		Biotest AG. (Preference)		842
	139,378	*,e	Biotime, Inc		459
	213,959	*	Biovail Corp		28,206
	518,089	*	Biovail Corp (Toronto)		68,160
	7,635,749	*	Biovitrum AB		83,787
	18,501	*,e	Bluebird Bio, Inc		421
	13,987		Boiron S.A.		1,137
	7,762,474		Bristol-Myers Squibb Co		403,260
	235,918	*	Bruker BioSciences Corp		5,377
	429,753	*	BTG plc		3,895
	61,498		Bukwang Pharmaceutical Co Ltd		834
	180,693	*	Cambrex Corp		3,410
	19,752	*	Cara Therapeutics Inc		368
	2,385,901	*	Celgene Corp		333,072
	397,968	*,e	Cell Therapeutics, Inc		1,353
	16,586	*	Celladon Corp		198
	323,739	*,e	Celldex Therapeutics, Inc		5,720
	12,283	*	Celltrion Pharm Inc		130
	176,940		Celltrion, Inc		7,314
	9,535	*,e	Cellular Dynamics International, Inc		142
	76,086	*,e	Cempra, Inc		879
	109,000	*	Center Laboratories, Inc		255
	210,292	*,e	Cepheid, Inc		10,847
	209,142	*	Charles River Laboratories International, Inc		12,620
	243,517	*,e	Chelsea Therapeutics International, Inc		1,344
	79,472	*,e	ChemoCentryx, Inc		527
	26,564	*,e	Chimerix, Inc		607
	67,000		China Chemical & Pharmaceutical Co Ltd		52
	4,627,000	e	China Medical System Holdings Ltd		5,248
	5,590,000	e	China Pharmaceutical Group Ltd		4,952
	891,000	e	China Shineway Pharmaceutical Group Ltd		1,553

116

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	15,400	*,e	Chiome Bioscience Inc	$	461
	14,234		Chong Kun Dang Pharm Corp		761
	5,775		Chong Kun Dang Pharmaceutical Corp		428
	8,359		Choongwae Pharma Corp		133
	332,660		Chugai Pharmaceutical Co Ltd		8,497
	423,675		Cipla Ltd		2,717
	5,770,093		CK Life Sciences International Holdings, Inc		596
	127,182	e	Clinigen Group plc		1,146
	79,408	*	Clovis Oncology, Inc		5,501
	8,600		CMIC Co Ltd		143
	17,164	*	Concert Pharmaceuticals Inc		231
	10,927	*,e	Contatus Pharmaceuticals, Inc		89
	146,742	*,e	Corcept Therapeutics, Inc		640
	79,197	*,e	Coronado Biosciences, Inc		157
	4,718	*	Cosmo Pharmaceuticals S.p.A		569
	211,359	*	Covance, Inc		21,960
	742,487		CSL Ltd		47,958
	16,000	*	CTC BIO, Inc		277
	164,833	*	Cubist Pharmaceuticals, Inc		12,058
	251,695	*,e	Curis, Inc		710
	251,503	*,e	Cytokinetics, Inc		2,389
	196,184	*,e	Cytori Therapeutics, Inc		530
	17,647		Daewoong Pharmaceutical Co Ltd		1,165
	1,003,378		Daiichi Sankyo Co Ltd		16,907
	316,194		Dainippon Sumitomo Pharma Co Ltd		5,019
	1,136,000		Dawnrays Pharmaceutical Holdings Ltd		808
	487,231	*,e	Dendreon Corp		1,457
	232,606	*	Depomed, Inc		3,373
	8,749	*	Dicerna Pharmaceuticals Inc		247
	50,720		Divi S Laboratories Ltd		1,160
	9,720		Dong-A Pharmaceutical Co Ltd		1,098
	6,061		Dong-A ST Co Ltd		668
	7,195		DongKook Pharmaceutical Co Ltd		234
	216,495		Dr Reddy’s Laboratories Ltd		9,348
	40,502	*,e	Durata Therapeutics, Inc		545
	473,732	*	Dyax Corp		4,254
	814,738	*,e	Dynavax Technologies Corp		1,467
	197,342		EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS		198
	289,216	e	Eisai Co Ltd		11,242
	11,424	*	Eleven Biotheraputics Inc		185
	2,616,873		Eli Lilly & Co		154,029
	158,746	*	Emergent Biosolutions, Inc		4,011
	69,564	*,e	Enanta Pharmaceuticals, Inc		2,782
	999,182	*,e	Endo International plc		68,594
	94,634	*,e	Endocyte, Inc		2,253
	135,404		Enzon Pharmaceuticals, Inc		139
	18,241	*,e	Epizyme, Inc		415
	25,400		EPS Co Ltd		277
	9,758	*,e	Esperion Thereapeutics, Inc		148
	10,001		Eurofins Scientific		2,990
	159,707	*,e	Evolutec Group plc		288

117

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	122,030	*,e	Evotec AG.	$	651
	217,692	*,e	Exact Sciences Corp		3,085
	582,534	*,e	Exelixis, Inc		2,062
	3,060,000	*,e	Extrawell Pharmaceutical Holdings Ltd		164
	293,154		Faes Farma S.A.		1,009
	11,152		FDC Ltd		24
	70,256	*,e	Fibrocell Science, Inc		367
	15,150	*,e	Five Prime Therapeutics, Inc		298
	1,350	*	Flexion Therapeutics Inc		22
	80,017	*,e	Fluidigm Corp		3,526
	734,992	*	Forest Laboratories, Inc		67,818
	55,620	*,m	Forest Laboratories, Inc CVR		53
	27,493	*,e	Foundation Medicine, Inc		890
	44,000		Fuji Pharma Co Ltd		863
	20,746	*	Furiex Pharmaceuticals Inc		1,805
	105,000		Fuso Pharmaceutical Industries Ltd		371
	27,178	*,e	Galapagos NV		600
	742,267	*,e	Galena Biopharma, Inc		1,856
	47,942	*	Genmab AS		1,944
	1,230	*	Genocea Biosciences Inc		22
	93,378	*,e	Genomic Health, Inc		2,460
	2,428,000	*,e	Genomma Lab Internacional S.A. de C.V.		6,243
	88,311		Genus plc		1,461
	550,649	*,e	Geron Corp		1,145
	138,738		Gerresheimer AG.		9,006
	9,079,587	*	Gilead Sciences, Inc		643,379
	5,405,537		GlaxoSmithKline plc		144,140
	26,143	*	GlycoMimetics Inc		427
	47,000		GlycoNex, Inc		157
	110,000	*,e	GNI Group Ltd		354
	59,486	*,e	Golf Trust Of America, Inc		318
	10,537		Green Cross Corp		1,250
	24,000		Green Cross Holdings Corp		362
	420,792		Grifols S.A.		23,060
	241		Grifols S.A. (Class B)		10
	72,709	*,e	GTx, Inc		111
	260,000	*,e	H Lundbeck AS		8,010
	287,360	*,e	Halozyme Therapeutics, Inc		3,649
	25,910	*	Han All Pharmarceutical Co		100
	27,825	*	Hanmi Holdings Co Ltd		355
	7,468	*	Hanmi Pharm Co Ltd		803
	25,167	*,e	Harvard Apparatus Regenerative Technology, Inc		228
	100,669	*	Harvard Bioscience, Inc		477
	12,816	e	Haw Par Corp Ltd		85
	326,878		Hikma Pharmaceuticals plc		9,050
	64,791		Hisamitsu Pharmaceutical Co, Inc		2,924
	38,235		Hi-Tech Pharmacal Co, Inc		1,657
	182,094	*,e	Horizon Pharma, Inc		2,753
	144,655	*	Hospira, Inc		6,256
	2,868,480		Hua Han Bio-Pharmaceutical Holdings Ltd		632
	6,945		Huons Co Ltd		265
	26,363	*,e	Hyperion Therapeutics, Inc		680

118

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	314,198	*,e	Idenix Pharmaceuticals, Inc	$	1,895
	11,900		Il Dong Pharmaceutical Co Ltd		150
	836,421	*,e	Illumina, Inc		124,342
	18,415		Ilyang Pharmaceutical Co Ltd		450
	276,289	*,e	Immunogen, Inc		4,125
	224,354	*,e	Immunomedics, Inc		945
	266,691	*	Impax Laboratories, Inc		7,046
	219,918	*	Incyte Corp		11,770
	149,092	*,e	Infinity Pharmaceuticals, Inc		1,773
	6,863	*	Innocell Corp		171
	2,765,701	*,e	Inovio Biomedical Corp		9,210
	143,258	*	Insmed, Inc		2,728
	26,313	*,e	Insys Therapeutics, Inc		1,090
	32,797	*	Intercept Pharmaceuticals, Inc		10,816
	343,550	*,e	InterMune, Inc		11,499
	38,497	*,e	Intrexon Corp		1,012
	36,132		Ipsen		1,480
	325,463	*	Ironwood Pharmaceuticals, Inc		4,010
	477,542	*,e	Isis Pharmaceuticals, Inc		20,635
	16,400	*,e	Japan Tissue Engineering Co Lt		246
	426,485	*	Jazz Pharmaceuticals plc		59,145
	10,300	e	JCR Pharmaceuticals Co Ltd		236
	10,950		Jeil Pharmaceutical Co		174
	13,121,637		Johnson & Johnson		1,288,938
	83,521		Kaken Pharmaceutical Co Ltd		1,320
	17,951	*	KaloBios Pharmaceuticals, Inc		49
	29,176	*	Kamada Ltd		418
	23,759	*,e	Karyopharm Therapeutics, Inc		734
	271,488	*,e	Keryx Biopharmaceuticals, Inc		4,626
	22,177	*	Kindred Biosciences Inc		411
	112,500		Kissei Pharmaceutical Co Ltd		2,788
	4,780		Kolon Life Science, Inc		255
	56,785	*	Komipharm International Co Ltd		433
	137,230		Kwang Dong Pharmaceutical Co Ltd		1,037
	126,236		Kyorin Co Ltd		2,406
	947,091		Kyowa Hakko Kogyo Co Ltd		10,092
	44,123	*,e	KYTHERA Biopharmaceuticals, Inc		1,754
	69,322		Laboratorios Almirall S.A.		1,185
	25,509		Laboratorios Farmaceuticos Rovi S.A		343
	125,387	*	Lannett Co, Inc		4,479
	731,902	*,e	Lexicon Pharmaceuticals, Inc		1,266
	18,990	*	LG Life Sciences Ltd		682
	165,733	*,e	Ligand Pharmaceuticals, Inc (Class B)		11,147
	2,938,000		Lijun International Pharmaceutical Holding Ltd		1,201
	175,900	*	Livzon Pharmaceutical Group, Inc		1,068
	466,369		Lonza Group AG.		47,586
	139,716	*	Luminex Corp		2,530
	234,835	*	Lupin Ltd		3,669
	18,671	*,e	MacroGenics, Inc		520
	123,373	*	Mallinckrodt plc		7,823
	528,996	*,e	MannKind Corp		2,127
	533,833	*	Mayne Pharma Group Ltd		469

119

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	793,972		Meda AB (A Shares)	$	12,217
	273,167	*	Medicines Co		7,763
	124,918	*	Medigen Biotechnology Corp		1,055
	105,900	*,e	Medinet Co Ltd		286
	129,819	*,e	Medivation, Inc		8,356
	28,097	*,e	Medivir AB		497
	5,369		Medy-Tox, Inc		732
	35,308	*,e	MEI Pharma, Inc		393
	11,094,548		Merck & Co, Inc		629,837
	157,558		Merck KGaA		26,534
	388,301	*,e	Merrimack Pharmaceuticals, Inc		1,957
	208,063	*,e	Mesoblast Ltd		1,058
	126,761	*	Mettler-Toledo International, Inc		29,875
	287,175	*,e	MiMedx Group, Inc		1,760
	14,100		Mochida Pharmaceutical Co Ltd		1,010
	229,707	*	Momenta Pharmaceuticals, Inc		2,676
	106,803	*	Morphosys AG.		9,933
	22,167,242	*,m	MPM Bioventures II		1,886
	2,310,350	*	Mylan Laboratories, Inc		112,814
	60,070	*,e	Myriad Genetics, Inc		2,054
	42,900	*,e	NanoCarrier Co Ltd		589
	171,261	*,e	Nanosphere, Inc		368
	369,044	*,e	Navidea Biopharmceuticals, Inc		683
	412,155	*	Nektar Therapeutics		4,995
	110,393	*,e	NeoGenomics, Inc		383
	242,858	*	Neurocrine Biosciences, Inc		3,910
	53,017	*,e	NewLink Genetics Corp		1,506
	173,400		Nichi-iko Pharmaceutical Co Ltd		2,674
	207,000		Nippon Shinyaku Co Ltd		3,933
	5,183,457		Novartis AG.		440,117
	213,441		Novartis AG. (ADR)		18,147
	573,428	*,e	Novavax, Inc		2,598
	3,171,496		Novo Nordisk AS		144,405
	166,910		Novozymes AS		7,337
	747,058	*	NPS Pharmaceuticals, Inc		22,359
	93,774	*,e	Omeros Corp		1,132
	17,790	*,m	Omthera Pharmaceuticals, Inc		11
	45,877	*,e	OncoGenex Pharmaceutical, Inc		540
	12,680	*,e	OncoMed Pharmaceuticals, Inc		427
	16,310	*,e	Onconova Therapeutics, Inc		103
	99,000	*,e	OncoTherapy Science, Inc		160
	122,000		Oneness Biotech Co Ltd		196
	179,595	e	Ono Pharmaceutical Co Ltd		15,613
	27,454	*,e	Ophthotech Corp		981
	578,451	*,e	Opko Health, Inc		5,391
	396,478	*,e	Orexigen Therapeutics, Inc		2,577
	17,414	*,e	Orexo AB		353
	111,345	e	Orion Oyj (Class B)		3,361
	59,578	*,e	Osiris Therapeutics, Inc		782
	760,369		Otsuka Holdings KK		22,747
	29,737	*,e	OvaScience, Inc		266
	181,752	*,e	Pacific Biosciences of California, Inc		972
	86,740	*,e	Pacira Pharmaceuticals, Inc		6,071

120

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	810,000	*	Paion AG.	$	3,720
	249,243	*	Parexel International Corp		13,482
	462,668	e	PDL BioPharma, Inc		3,845
	5,600	*,e	PeptiDream, Inc		438
	478,903	*,e	Peregrine Pharmaceuticals, Inc		910
	333,757		PerkinElmer, Inc		15,039
	766,599		Perrigo Co plc		118,562
	25,590,397		Pfizer, Inc		821,964
	342,006	*,e	Pharmacyclics, Inc		34,276
	46,861	*	PharmaEngine Inc		370
	45,580	*	Pharmicell Co Ltd		165
	76,000	*,e	Pharmstandard (GDR)		661
	227,865	*	Phytohealth Corp		310
	129,103		Piramal Healthcare Ltd		1,188
	77,444	*,e	Portola Pharmaceuticals, Inc		2,006
	105,331	e	Pozen, Inc		843
	264,557	*	Prestige Brands Holdings, Inc		7,209
	184,706	*,e	Progenics Pharmaceuticals, Inc		755
	51,595	*,e	Prothena Corp plc		1,977
	23,888,800		PT Kalbe Farma Tbk		3,099
	31,218	*,e	PTC Therapeutics, Inc		816
	91,316	*	Puma Biotechnology, Inc		9,510
	41,695	*	Qiagen NV		876
	483,203	*,e	Qiagen NV (NASDAQ)		10,191
	1,493,806		Questcor Pharmaceuticals, Inc		96,993
	54,546	*	Quintiles Transnational Holdings, Inc		2,769
	157,131	*	Ranbaxy Laboratories Ltd		960
	186,123	*,e	Raptor Pharmaceutical Corp		1,861
	73,175	*	Receptos, Inc		3,069
	248,372		Recordati S.p.A.		4,346
	246,678	*	Regeneron Pharmaceuticals, Inc		74,072
	32,089	*,e	Regulus Therapeutics, Inc		289
	19,553	*	Relypsa, Inc		583
	148,295	*	Repligen Corp		1,907
	28,800	*,e	ReproCELL, Inc		252
	70,383	*,e	Repros Therapeutics, Inc		1,249
	56,517	*	Retrophin, Inc		1,202
	16,778	*	Revance Therapeutics, Inc		528
	141,182		Richter Gedeon Rt		2,463
	317,574	*	Rigel Pharmaceuticals, Inc		1,232
	992,688		Roche Holding AG.		298,564
	104,000		Rohto Pharmaceutical Co Ltd		1,836
	63,838	*	Sagent Pharmaceuticals		1,492
	757,741	*	Salix Pharmaceuticals Ltd		78,510
	189,984	*,e	Sangamo Biosciences, Inc		3,435
	2,039,952		Sanofi-Aventis		213,173
	78,656		Santen Pharmaceutical Co Ltd		3,480
	116,195	*,e	Sarepta Therapeutics, Inc		2,792
	77,500		Sawai Pharmaceutical Co Ltd		4,748
	220,898	*	Sciclone Pharmaceuticals, Inc		1,005
	248,088		Scinopharm Taiwan Ltd		665
	214,201	*,e	Seattle Genetics, Inc		9,759

121

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	36,361	*	Seegene, Inc	$	1,822
	267,100		Seikagaku Corp		3,563
	343,275	*,e	Sequenom, Inc		841
	510,000		Shandong Luoxin Pharmacy Stock Co Ltd		657
	179,000	m	Shanghai Dingli Technology Dev		112
	1,061,000	e	Shanghai Fosun Pharmaceutical Group Co Ltd		3,700
	17,000	*,e	Shin Nippon Biomedical Laboratories Ltd		172
	776,343		Shionogi & Co Ltd		14,352
	1,043,007		Shire Ltd		51,634
	7,078		Siegfried Holding AG.		1,337
	121,545	*,e	SIGA Technologies, Inc		377
	9,798,400		Sihuan Pharmaceutical Holdings		11,837
	5,484,000		Sino Biopharmaceutical		4,681
	91,000		Sinphar Pharmaceutical Co Ltd		150
	81,341		Sirtex Medical Ltd		1,173
	4,254,176	*,m	Skyline Venture Fund II Ltd		245
	976,029	*,m	Skyline Venture Fund III Ltd		47
	15,400	*	Sosei Group		396
	239,298	e	Spectrum Pharmaceuticals, Inc		1,876
	144,315		Stada Arzneimittel AG.		6,182
	3,732		Stallergenes		303
	246,100		Standard Chemical & Pharma		329
	273,260	*,e	Starpharma Holdings Ltd		193
	29,041	*,e	Stemline Therapeutics, Inc		591
	46,710	*,e	Sucampo Pharmaceuticals, Inc (Class A)		334
	127,373	*	Sun Pharma Advanced Research Company Ltd		312
	1,540,200		Sun Pharmaceutical Industries Ltd		14,849
	101,195	*,e	Sunesis Pharmaceuticals, Inc		669
	72,730	*,e	Supernus Pharmaceuticals, Inc		650
	65,943	*	Synageva BioPharma Corp		5,471
	250,930	*,e	Synergy Pharmaceuticals, Inc		1,332
	157,101	*,e	Synta Pharmaceuticals Corp		677
	39,669		Taisho Pharmaceutical Holdings Co Ltd		3,195
	57,339	*	Taiwan Liposome Co Ltd		487
	61,200	e	Takara Bio, Inc		830
	720,020		Takeda Pharmaceutical Co Ltd		34,080
	351,777		Tanabe Seiyaku Co Ltd		4,922
	109,762	*	Targacept, Inc		521
	12,618		Tecan Group AG.		1,516
	94,306		Techne Corp		8,051
	8,900	*,e	tella, Inc		136
	94,224	*,e	TESARO, Inc		2,778
	37,004	*	Tetraphase Pharmaceuticals, Inc		403
	1,094,769		Teva Pharmaceutical Industries Ltd		57,695
	149,533		Teva Pharmaceutical Industries Ltd (ADR)		7,901
	50,104	*,e	TG Therapeutics, Inc		346
	268,291	*,e	TherapeuticsMD, Inc		1,693
	63,347	*,e	Theravance, Inc		1,960
	1,524,505		Thermo Electron Corp		183,306
	277,283	*,e	Threshold Pharmaceuticals, Inc		1,320
	59,568	*,e	ThromboGenics NV		1,688
	472,000	e	Tong Ren Tang Technologies Co Ltd		1,517

122

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	12,400		Torii Pharmaceutical Co Ltd	$	402
	19,200		Torrent Pharmaceuticals Ltd		169
	26,300	e	Towa Pharmaceutical Co Ltd		1,135
	19,359	*,e	Transgene S.A.		316
	216,393	e	Tsumura & Co		5,200
	224,485		TTY Biopharm Co Ltd		731
	133,228		UCB S.A.		10,688
	19,097	*	Ultragenyx Pharmaceutical, Inc		934
	6,000	*,e	UMN Pharma, Inc		124
	6,460		Unichem Laboratories Ltd		25
	721,500	*,e	United Laboratories Ltd		432
	53,940	*	United Therapeutics Corp		5,072
	401,449	*,e	Vanda Pharmaceuticals, Inc		6,524
	445,681	*	Vectura Group plc		1,139
	52,454	*,e	Verastem, Inc		566
	619,424	*	Vertex Pharmaceuticals, Inc		43,806
	249,172	*,e	Vical, Inc		321
	5,367		Virbac S.A.		1,197
	16,713	*	ViroMed Co Ltd		792
	316,871	*,e	Vivus, Inc		1,882
	211,718	*	Waters Corp		22,952
	1,024,000	*	Winteam Pharmaceutical Group Ltd		462
	103,123		Wockhardt Ltd		788
	37,388	*	Xencor Inc		439
	186,615	*,e	Xenoport, Inc		965
	604,304	*,e	XOMA Corp		3,148
	8,832		Yuhan Corp		1,509
	214,410	*	Yungjin Pharmaceutical Co Ltd		373
	170,000		YungShin Global Holding Corp		305
	9,259	*,e	Zealand Pharma AS		118
	215,313	*	Zeltia S.A.		792
	25,300		Zeria Pharmaceutical Co Ltd		515
	242,661	*,e	ZIOPHARM Oncology, Inc		1,111
	3,971,094		Zoetis Inc		114,923
	290,179	*,e	Zogenix, Inc		826
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		10,639,017
REAL ESTATE - 3.2%
	748,510		Abacus Property Group		1,632
	208,393		Acadia Realty Trust		5,497
	1,563		Activia Properties Inc		12,571
	393,928		Acucap Properties Ltd		1,495
	4,450	e	Advance Residence Investment Corp		9,470
	31,242		Aeon Mall Co Ltd		800
	126,968	*	Africa Israel Investments Ltd		293
	14,138	*	Africa Israel Properties Ltd		255
	109,531		AG Mortgage Investment Trust		1,918
	6,352,500	e	Agile Property Holdings Ltd		5,220
	54,577		Agree Realty Corp		1,660
	1,472,459	e	AIMS AMP Capital Industrial REIT		1,572
	63,604	*	Airport City Ltd		660
	24,600		Airport Facilities Co Ltd		182

123

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	42,608		Akmerkez Gayrimenkul Yatirim Ortakligi AS	$	370
	163,487		Alexander & Baldwin, Inc		6,958
	7,144		Alexander’s, Inc		2,579
	118,605		Alexandria Real Estate Equities, Inc		8,606
	146,500		Aliansce Shopping Centers S.A.		1,154
	1,661,364		Allan Gray Property Trust		1,188
	11,249,943		Allco Commercial Real Estate Investment Trust		11,242
	42,217		Allied Properties Real Estate Investment Trust		1,318
	19,872		Allreal Holding AG.		2,866
	170,748		Alony Hetz Properties & Investments Ltd		1,175
	4,850	*	AL-ROV Israel Ltd		201
	6,102	*	Alrov Properties and Lodgings Ltd		186
	154,129		Alstria Office REIT-AG.		2,066
	209,095	e	Altisource Residential Corp		6,599
	4,729,600		Amata Corp PCL (Foreign)		2,165
	130,165		American Assets Trust,Inc		4,392
	65,552		American Campus Communities, Inc		2,448
	781,904		American Capital Agency Corp		16,803
	200,720		American Capital Mortgage, Inc		3,768
	94,015		American Homes 4 Rent		1,571
	1,737,981		American Realty Capital Properties, Inc		24,367
	54,853	*,e	American Residential Properties, Inc		986
	699,949		American Tower Corp		57,305
	131,596		Amot Investments Ltd		425
	1,502,835		AMP NZ Office Trust		1,304
	65,910		AmREIT, Inc (Class B)		1,092
	1,593,392		Anant Raj Industries Ltd		1,524
	8,096		ANF Immobilier		267
	1,846,966		Annaly Capital Management, Inc		20,261
	563,535		Anworth Mortgage Asset Corp		2,795
	1,182,600	*	AP Thailand PCL (Foreign)		190
	174,579		Apartment Investment & Management Co (Class A)		5,276
	142,059	e	Apollo Commercial Real Estate Finance, Inc		2,362
	76,737		Ares Commercial Real Estate Corp		1,029
	1,419,122		Argosy Property Ltd		1,121
	71,711		Armada Hoffler Properties, Inc		720
	1,430,073	*,e	ARMOUR Residential REIT, Inc		5,892
	347,176		Arrowhead Properties Ltd		231
	201,051		Artis Real Estate Investment Trust		2,861
	1,109,000	e	Ascendas Hospitality Trust		649
	1,464,000		Ascendas India Trust		897
	444,587		Ascendas REIT		800
	1,157,302	e	Ascott Residence Trust		1,101
	60,809		Ashford Hospitality Prime, Inc		919
	229,694		Ashford Hospitality Trust, Inc		2,589
	216,943		Associated Estates Realty Corp		3,675
	426,950	e	Australand Property Group		1,673
	36,824	*	AV Homes, Inc		666
	412,678		AvalonBay Communities, Inc		54,193
	622,003	e	Aveo Group		1,167
	43,483	e	Aviv REIT, Inc		1,063
	6,828,323		Ayala Land, Inc		4,570

124

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	123,809		Babcock & Brown Japan Property Trust	$	430
	12,663,700		Bangkokland PCL		603
	873		Bayside Land Corp		229
	23,532		Befimmo SCA Sicafi		1,668
	2,738,000	e	Beijing Capital Land Ltd		1,006
	1,222,000		Beijing North Star Co		281
	2,722,000	*	Beijing Properties Holdings Ltd		324
	3,893,950	*	Belle Corp		487
	1,430,859	e	Beni Stabili S.p.A.		1,234
	4,761,352	*,m	BGP Holdings plc		0	^
	305,424		Big Yellow Group plc		2,783
	93,721		BioMed Realty Trust, Inc		1,920
	243,445	e	Blackstone Mortgage Trust, Inc		6,999
	1,036	*	BLife Investment Corp		4,166
	43,659		Boardwalk Real Estate Investment Trust		2,395
	701,896		Boston Properties, Inc		80,388
	472,356		BR Malls Participacoes S.A.		4,076
	210,300		BR Properties S.A.		1,727
	148,576		Brandywine Realty Trust		2,148
	206,000		Brasil Brokers Participacoes S.A.		463
	84,457		BRE Properties, Inc (Class A)		5,302
	621,361		British Land Co plc		6,780
	306,384	e	Brixmor Property Group, Inc		6,535
	592,572	e	Brookfield Asset Management, Inc		24,137
	18,100		Brookfield Canada Office Properties		458
	7,964	*	Brookfield Multiplex Group		616
	40,000	e	Brookfield Office Properties, Inc		774
	72,332	e	Brookfield Office Properties, Inc (Toronto)		1,385
	1,188		Brookfield Property Partners LP		22
	1,147,549		Bunnings Warehouse Property Trust		2,479
	27,698,188		C C Land Holdings Ltd		6,126
	87,304	e	CA Immobilien Anlagen AG.		1,579
	816,000		Cache Logistics Trust		737
	87,975		Calloway Real Estate Investment Trust		2,050
	1,521,835		Cambridge Industrial Trust		872
	78,445		Camden Property Trust		5,282
	246,920	e	Campus Crest Communities, Inc		2,143
	69,991		Canadian Apartment Properties REIT		1,350
	44,856		Canadian Real Estate Investment Trust		1,829
	3,469,400	e	CapitaCommercial Trust		4,107
	880,542		Capital & Counties Properties		5,145
	3,054,565		Capital Property Fund		3,034
	2,630,880	e	CapitaLand Ltd		6,059
	6,424,181		CapitaMall Trust		9,666
	3,601,273		CapitaMalls Asia Ltd		5,134
	770,500		CapitaMalls Malaysia Trust		347
	1,115,015		CapitaRetail China Trust		1,242
	375,327	e	Capstead Mortgage Corp		4,752
	409,712	e	Castellum AB		6,807
	23,213	*	CatchMark Timber Trust Inc		326
	1,206,000		Cathay Real Estate Development Co Ltd		740
	95,744		CBL & Associates Properties, Inc		1,699

125

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,452,118	*	CBRE Group, Inc	$	39,832
	809,000	e	CDL Hospitality Trusts		1,066
	268,903		Cedar Shopping Centers, Inc		1,643
	1,723,000		Central China Real Estate Ltd		452
	1,608,100		Central Pattana PCL (Foreign)		2,342
	10,000,000		Century Properties Group, Inc		317
	1,605,523		CFS Gandel Retail Trust		2,817
	1,238,000		CH Karnchang PCL		625
	136,122		Challenger Diversified Property Group		324
	894,962	e	Chambers Street Properties		6,954
	5,995,636		Champion Real Estate Investment Trust		2,741
	588,463		Charter Hall Group		2,183
	219,000		Chartwell Retirement Residences		2,062
	94,489		Chatham Lodging Trust		1,911
	183,632		Chesapeake Lodging Trust		4,725
	5,000,340		Cheuk Nang Holdings Ltd		4,564
	1,446,607		Cheung Kong Holdings Ltd		24,054
	1,965,079		Chimera Investment Corp		6,013
	2,589,500		China Aoyuan Property Group Ltd		469
	9,385,021	*,e	China New Town Development Co Ltd		789
	11,080,994	e	China Overseas Land & Investment Ltd		28,792
	652,000	*	China Properties Group Ltd		143
	4,858,994		China Resources Land Ltd		10,691
	2,773,200	e	China SCE Property Holdings Ltd		601
	5,442,000	e	China South City Holdings Ltd		2,484
	3,668,714		China Vanke Co Ltd		6,116
	335,500		Chinese Estates Holdings Ltd		822
	50,800		Choice Properties REIT		491
	332,080		Chong Hong Construction Co		1,009
	5,400,000	e	CIFI Holdings Group Co Ltd		1,060
	125,428	e	City Developments Ltd		1,009
	389,608		Citycon Oyj		1,385
	21,268		Cofinimmo		2,534
	26,001	*	Colonia Real Estate AG.		164
	290,021		Colony Financial, Inc		6,366
	114	*,e	Comforia Residential REIT, Inc		769
	212,898		Cominar Real Estate Investment Trust		3,563
	1,017,905	m	Commonwealth Property Office Fund		1,184
	549,900		Concentradora Fibra Hotelera Mexicana S.A. de C.V.		928
	21,877		Consolidated-Tomoka Land Co		881
	80,674		Conwert Immobilien Invest AG.		1,068
	66,322		Coresite Realty		2,056
	15,856		Corio NV		724
	392,436	e	Corp Inmobiliaria Vesta SAB de C.V.		795
	51,624		Corporate Office Properties Trust		1,375
	5,960,882	e	Country Garden Holdings Co Ltd		2,488
	366,892		Countrywide plc		4,003
	634,908		Cousins Properties, Inc		7,282
	2,481	e	Crescendo Investment Corp		1,930
	36,900		Crombie Real Estate Investment Trust		445
	1,527,000		Cromwell Group		1,361
	453,307		Crown Castle International Corp		33,445

126

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	6,858,943		CSI Properties Ltd	$	244
	733,403		CubeSmart		12,585
	72,450		CyrusOne, Inc		1,509
	621,644		CYS Investments, Inc		5,135
	1,470	*,e	DA Office Investment Corp		7,114
	109,100		Daibiru Corp		1,161
	755,000	e	Daikyo, Inc		1,514
	3,395,900		Daiman Development BHD		2,996
	13,803		Daito Trust Construction Co Ltd		1,279
	1,508,671		Daiwa House Industry Co Ltd		25,615
	492	*,e	Daiwa House REIT Investment Corp		1,973
	11,563,418		DB RREEF Trust		11,403
	1,500,684		DCT Industrial Trust, Inc		11,825
	1,198,345	e	DDR Corp		19,749
	510,763		Delta Corp Ltd		849
	149,900		Derwent London plc		6,776
	122,927		Deutsche Euroshop AG.		5,597
	267,438		Deutsche Wohnen AG.		5,736
	53,549	*	Deutsche Wohnen AG. (New)		1,118
	759,891		DiamondRock Hospitality Co		8,929
	96,758		DIC Asset AG.		895
	323,359	e	Digital Realty Trust, Inc		17,164
	10,553,653		DLF Ltd		31,295
	44,854	*	Dogus Gayrimenkul Yatirim Ortakligi AS		101
	199,999		Douglas Emmett, Inc		5,428
	54,213	*	Dream Unlimited Corp		742
	428,773		Duke Realty Corp		7,238
	23,700		Dundee Industrial Real Estate Investment Trust		202
	51,700		Dundee International Real Estate Investment Trust		434
	136,374		Dundee Real Estate Investment Trust		3,585
	217,224	e	DuPont Fabros Technology, Inc		5,229
	211,407		Dynex Capital, Inc		1,892
	1,169,800		Eastern & Oriental BHD		761
	120,787		EastGroup Properties, Inc		7,599
	479,177		Education Realty Trust, Inc		4,729
	24,163		Ellington Residential Mortgage REIT		409
	1,401,441		Emaar Properties PJSC		3,806
	390,918		Emira Property Fund		521
	4,912,216		Emlak Konut Gayrimenkul Yatiri		5,784
	1,741,333		Emperor International Holdings		423
	300,775	e	Empire State Realty Trust, Inc		4,545
	194,085		Entertainment Properties Trust		10,362
	339,421		Equity Lifestyle Properties, Inc		13,797
	227,628		Equity One, Inc		5,085
	817,071		Equity Residential		47,382
	246,004	e	Essex Property Trust, Inc		41,833
	24,053	*	Eurobank Properties Real Estate Investment Co		302
	45,433		Eurocommercial Properties NV		1,995
	8,562,000	e	Evergrande Real Estate Group		4,052
	202,814		Excel Trust, Inc		2,572
	1,026,798		Extra Space Storage, Inc		49,810
	191,341	e	Fabege AB		2,496

127

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	6,869,500	e	Fantasia Holdings Group Co Ltd	$	1,022
	1,060,802		Far East Consortium		370
	1,397,000		Far East Hospitality Trust		912
	317,605		Farglory Land Development Co Ltd		542
	102,075	*,e	Fastighets AB Balder		1,239
	116,222	e	Federal Realty Investment Trust		13,333
	2,934,090		Federation Centres		6,432
	595,290	*	FelCor Lodging Trust, Inc		5,381
	3,485,100		Fibra Uno Administracion S.A. de C.V.		11,273
	12,000,000		Filinvest Development Corp		1,342
	35,839,000		Filinvest Land, Inc		1,154
	79,615		First Capital Realty, Inc		1,264
	408,447		First Industrial Realty Trust, Inc		7,891
	224,712		First Potomac Realty Trust		2,903
	596,292		First Real Estate Investment Trust		511
	47,710		FirstService Corp		2,266
	3,396		Fonciere Des Regions		315
	738,565	*	Forest City Enterprises, Inc (Class A)		14,107
	133,152	*	Forestar Real Estate Group, Inc		2,370
	277,931		Fortress Income Fund Ltd		374
	398,743		Franklin Street Properties Corp		5,024
	9,137,800	e	Franshion Properties China Ltd		3,056
	637,000		Frasers Centrepoint Trust		903
	780		Frontier Real Estate Investment Corp		4,154
	725	*	Fukuoka REIT Corp		1,167
	4,070,000		Future Land Development Holdin		431
	108,749	*	GAGFAH S.A.		1,653
	560,309	e	Gaming and Leisure Properties, Inc		20,429
	207,980		Gazit Globe Ltd		2,684
	16,408		Gazit, Inc		447
	2,744		Gecina S.A.		365
	2,556,000	*	Gemdale Properties and Investm		163
	2,488,787		General Growth Properties, Inc		54,753
	69,900	*	General Shopping Brasil S.A.		246
	111,662		Getty Realty Corp		2,109
	56,633		Gladstone Commercial Corp		982
	654,141		Glimcher Realty Trust		6,561
	7,756,991		Global Logistic Properties		16,371
	670	*	Global One Real Estate Investment Corp		1,970
	36,000,000	*	Global-Estate Resorts, Inc		1,482
	361,795	*	Globe Trade Centre S.A.		863
	280,100		Glomac BHD		93
	4,690,895	*	Glorious Property Holdings Ltd		642
	3,391	*,e	GLP J-Reit		3,409
	178,949		Gold Wheaton Gold Corp (GDR)		492
	33,080		Goldcrest Co Ltd		697
	1,539,119		Goodman Property Trust		1,283
	212,709	e	Government Properties Income Trust		5,360
	3,088,581		GPT Group (ASE)		10,497
	613,930		Grainger plc		2,469
	232,430	e	Gramercy Property Trust, Inc		1,199
	34,200		Granite Real Estate Investment Trust		1,258

128

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	294,652		Great Eagle Holdings Ltd	$	1,109
	938,496		Great Portland Estates plc		9,880
	210,400	*	Greattown Holdings Ltd		80
	4,836,347	*,e	Green REIT plc		7,995
	382,000		Greenland Hong Kong Holdings Ltd		184
	722,900	e	Greentown China Holdings Ltd		782
	2,083,927		Growthpoint Properties Ltd		4,825
	6,901,300		Guangzhou Investment Co Ltd		1,427
	3,450,136	e	Guangzhou R&F Properties Co Ltd		4,995
	1,198,000		GZI Real Estate Investment Trust		594
	221,342		H&R Real Estate Investment Trust		4,577
	3,909		Haesung Industrial Co Ltd		210
	597,747	*	Halk Gayrimenkul Yatrm Ortakli		302
	48,508		Hamborner AG.		514
	3,014,743		Hammerson plc		27,870
	1,991,016	e	Hang Lung Group Ltd		10,037
	17,097,071		Hang Lung Properties Ltd		49,326
	127		Hankyu Reit, Inc		643
	48,924	e	Hannon Armstrong Sustainable Infrastructure Capital, Inc		702
	1,462,953		Hansteen Holdings plc		2,663
	181,833		Hatteras Financial Corp		3,428
	825,434		HCP, Inc		32,019
	565,916		Health Care REIT, Inc		33,729
	386,924		Healthcare Realty Trust, Inc		9,344
	294,541	e	Healthcare Trust of America, Inc		3,355
	106,700		Heiwa Real Estate Co Ltd		1,700
	158,653		Helical Bar plc		989
	14,816		Heliopolis Housing		63
	6,261,800		Hemaraj Land and Development PCL		605
	2,058,279		Henderson Land Development Co Ltd		12,045
	776,342		Hersha Hospitality Trust		4,526
	19,410,600	*,a	Hibernia REIT plc		28,292
	319,500		Highwealth Construction Corp		755
	370,808		Highwoods Properties, Inc		14,243
	1,032,000		HKR International Ltd		410
	288,000	e	Ho Bee Investment Ltd		500
	44,992		Home Properties, Inc		2,705
	261,000		Hong Fok Corp Ltd		153
	260,994		Hongkong Land Holdings Ltd		1,690
	1,042,000	*,e	Hopson Development Holdings Ltd		973
	83,016		Hospitality Properties Trust		2,384
	3,586,656		Host Marriott Corp		72,594
	871,431	*	Housing Development & Infrastruture Ltd		844
	99,260	*	Howard Hughes Corp		14,165
	58,328		HRPT Properties Trust		1,534
	517,235		Huaku Development Co Ltd		1,269
	154,000		Huang Hsiang Construction Co		263
	208,275		Hudson Pacific Properties		4,805
	256,098	e	Hufvudstaden AB (Series A)		3,613
	11,464	*	Hulic Reit, Inc		15,661
	430,362		Hung Poo Real Estate Development Corp		397
	553,000		Hung Sheng Construction Co Ltd		422

129

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	444,559		Hyprop Investments Ltd	$	3,241
	439,125		Hysan Development Co Ltd		1,916
	9,699		Icade		959
	3,915	e	Ichigo Real Estate Investment Corp		2,386
	409,900	*	IDU Co		383
	1,444,790		IGB Corp BHD		1,199
	1,253,600		IGB Real Estate Investment Trust		438
	116,600		Iguatemi Empresa de Shopping Centers S.A.		1,118
	1,054,600		IJM Land BHD		956
	193,672		Immobiliare Grande Distribuzione		346
	1,355,948	*,e,m	Immoeast AG.		0	^
	658,721	*,e,m	Immofinanz ANSPR NACHB AG.		0	^
	145,417		Immofinanz Immobilien Anlagen AG.		682
	693,635		Indiabulls Real Estate Ltd		635
	224	e	Industrial & Infrastructure Fund Investment Corp		1,843
	1,841,939		ING Office Fund		5,548
	331,835		Inland Real Estate Corp		3,501
	181,400		InnVest Real Estate Investment Trust		868
	26,900		InterRent Real Estate Investment Trust		137
	1,135		Intershop Holdings		443
	15,710		Intervest Offices		476
	60,893	*	Intu Properties plc		96
	480,398		Invesco Mortgage Capital, Inc		7,912
	445,524		Investors Real Estate Trust		4,001
	1,547,292	*	IOI Properties Group Sdn BHD		1,260
	974,468		Is Gayrimenkul Yatirim Ortakligi AS		592
	332,180	*	iStar Financial, Inc		4,903
	3,579	*,e	Japan Excellent, Inc		4,566
	7,086	*	Japan Hotel REIT Investment Corp		3,231
	3,160	*	Japan Logistics Fund Inc		7,104
	390		Japan Prime Realty Investment Corp		1,263
	273		Japan Real Estate Investment Corp		1,374
	3,464		Japan Rental Housing Investments, Inc		2,097
	940		Japan Retail Fund Investment Corp		1,853
	45,265	*,e	JAVELIN Mortgage Investment Corp		607
	17,724		Jerusalem Economy Ltd		183
	11,792	*	Jerusalem Oil Exploration		553
	378,600		JHSF Participacoes S.A.		664
	1,959,050		Jiangsu Future Land Co Ltd		984
	2,765	e	Joint Reit Investment Corp		2,753
	62,565		Jones Lang LaSalle, Inc		7,414
	10,100	e	Jowa Holdings Co Ltd		333
	1,561,750		K Wah International Holdings Ltd		1,050
	5,479,000	*,e	Kaisa Group Holdings Ltd		1,976
	228,480		KEE TAI Properties Co Ltd		161
	1,893		Kenedix Realty Investment Corp		9,387
	859	*	Kenedix Residential Investment Corp		1,849
	426,800	*,e	Kenedix, Inc		1,381
	245,909	e	Kennedy-Wilson Holdings, Inc		5,535
	1,610,419	e	Keppel Land Ltd		4,311
	2,316,640	e	Kerry Properties Ltd		7,726
	58,900	e	Killam Properties, Inc		543

130

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	211,199		Kilroy Realty Corp	$	12,372
	681,532		Kimco Realty Corp		14,912
	246,000		Kindom Construction Co		256
	476,280	*	King’s Town Construction Co Ltd		420
	491,934		Kite Realty Group Trust		2,952
	1,852,964		Kiwi Income Property Trust		1,793
	79,600		KLCC Property Holdings BHD		155
	34,321		Klepierre		1,535
	244,792		Klovern AB		1,310
	3,250	*	Klovern AB (Preference)		77
	110,636		Korea Real Estate Investment Trust Co		215
	3,438,130		Kowloon Development Co Ltd		4,161
	2,595,026	e	K-REIT Asia		2,356
	336,173		Kungsleden AB		2,780
	516,185		Kuoyang Construction Co Ltd		284
	14,806,000		KWG Property Holding Ltd		8,166
	80,346,000		Lai Fung Holdings Ltd		1,745
	11,088,250	*	Lai Sun Development		261
	548,938		Land Securities Group plc		9,356
	4,385,000	*	Langham Hospitality Investments Ltd		2,196
	396,959		LaSalle Hotel Properties		12,429
	267,400		LBS Bina Group BHD		142
	205,110	*	LC Corp S.A.		125
	125,774		LEG Immobilien AG.		8,248
	382,355		Lend Lease Corp Ltd		4,211
	269,011	*	Leopalace21 Corp		1,290
	696,456	e	Lexington Corporate Properties Trust		7,598
	213,129	e	Liberty International plc		1,003
	371,462		Liberty Property Trust		13,729
	1,618,281		Link REIT		7,980
	1,868,000		Lippo-Mapletree Indonesia Retail Trust		594
	724,280		London & Stamford Property plc		1,712
	391,000		Long Bon International Co Ltd		239
	1,893,400		Longfor Properties Co Ltd		2,616
	1,950,000		LPN Development PCL		966
	202,400		LPS Brasil Consultoria de Imoveis S.A.		1,151
	182,828		LTC Properties, Inc		6,880
	85,869		Macerich Co		5,352
	491,012		Mack-Cali Realty Corp		10,208
	343,727		Macquarie CountryWide Trust		1,142
	844,541		Macquarie Goodman Group		3,714
	3,132,590	e	Macquarie MEAG Prime REIT		1,970
	1,992,878		Mah Sing Group BHD		1,332
	5,600	*	Mainstreet Equity Corp		187
	35,779	*,e,m	Mapeley Ltd		64
	1,516,186	e	Mapletree Commercial Trust		1,474
	3,978,000	e	Mapletree Greater China Commercial Trust		2,581
	3,060,190		Mapletree Industrial Trust		3,327
	3,751,150		Mapletree Logistics Trust		3,119
	260,000		Matrix Concepts Holdings BHD		303
	100,000		MBK PCL		445
	625,368		Medical Properties Trust, Inc		7,998

131

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	17,472	*	Medinet Nasr Housing	$	75
	44,139,200		Megaworld Corp		4,137
	31,425		Melisron Ltd		829
	54,861		Mercialys S.A		1,149
	773,100		Mexico Real Estate Management S.A. de C.V.		1,450
	1,271,774		MFA Mortgage Investments, Inc		9,856
	587	*	MID Reit, Inc		1,327
	167,726		Mid-America Apartment Communities, Inc		11,451
	1,792,929	e	Midland Holdings Ltd		958
	2,744,000	e	Minmetals Land Ltd		312
	1,747,426		Mirvac Group		2,761
	782,837		Mitsubishi Estate Co Ltd		18,589
	1,873,022		Mitsui Fudosan Co Ltd		57,143
	116,000		MKH BHD		172
	7,899		Mobimo Holding AG.		1,677
	180,613		Monmouth Real Estate Investment Corp (Class A)		1,723
	13,500		Morguard North American Reside		119
	36,221		Morguard Real Estate Investment Trust		557
	2,130	*	Mori Hills REIT Investment Corp		2,816
	1,455		Mori Trust Sogo Reit, Inc		2,196
	202,109		Multiplan Empreendimentos Imobiliarios S.A.		4,313
	383,600		Naim Holdings BHD		402
	120,655	e	National Health Investors, Inc		7,295
	370,033	e	National Retail Properties, Inc		12,700
	113,255,000	*	Natural Park PCL		209
	1,718,000	*	Neo-China Land Group Holdings Ltd		330
	968,846		New Residential Investment Corp		6,268
	4,114,666	e	New World China Land Ltd		3,475
	13,463,667		New World Development Co Ltd		13,582
	291,788	e	New York Mortgage Trust, Inc		2,270
	152,935		Nieuwe Steen Investments NV		927
	568	e	Nippon Accommodations Fund, Inc		1,904
	428		Nippon Building Fund, Inc		2,240
	3,303		Nippon ProLogis REIT, Inc		6,667
	35,588	*	Nitsba Holdings 1995 Ltd		571
	579,029		Nomura Real Estate Holdings, Inc		11,087
	5,059	*	Nomura Real Estate Master Fund, Inc		5,201
	493		Nomura Real Estate Office Fund, Inc		2,154
	192		Nomura Real Estate Residential Fund, Inc		985
	49,669		Northern Property Real Estate Investment Trust		1,245
	1,191,107		NorthStar Realty Finance Corp		19,224
	19,700		NorthWest Healthcare Properties Real Estate Investment Trust		170
	766,783		Norwegian Property ASA		928
	123,100		NTT Urban Development Corp		1,159
	256,688	e	Omega Healthcare Investors, Inc		8,604
	47,087	e	One Liberty Properties, Inc		1,004
	1,200,000	*	Orbit Corp Ltd		347
	107,558	*	Orco Property Group		147
	4,003	*	Orix JREIT, Inc		4,998
	1,462,333	e	OUE Hospitality Trust		982
	1,856,805	*	Palm Hills Developments SAE		981

132

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	140,920		Paramount Corp BHD	$	72
	728,000	e	Parkway Life Real Estate Investment Trust		1,412
	453,782		Parkway Properties, Inc		8,282
	1,836,862		Parque Arauco S.A.		3,508
	42,824	*	Patrizia Immobilien AG.		494
	330,900		Pavilion Real Estate Investment Trust		133
	233,138		Pebblebrook Hotel Trust		7,873
	265,903		Pennsylvania Real Estate Investment Trust		4,800
	267,655		Pennymac Mortgage Investment Trust		6,397
	800,000	e	Perennial China Retail Trust		334
	998,959		Phoenix Mills Ltd		4,164
	79,436	e	Physicians Realty Trust		1,106
	79,964	e	Piedmont Office Realty Trust, Inc		1,371
	136,111		Plum Creek Timber Co, Inc		5,722
	10,000	*	Polski Holding Nieruchomosci S.A.		104
	2,785,300	e	Poly Hong Kong Investment Ltd		1,234
	7,091,160		Polytec Asset Holdings Ltd		1,097
	33,052		Post Properties, Inc		1,623
	292,906		Potlatch Corp		11,333
	2,048,000		Powerlong Real Estate Holdings Ltd		317
	1,091	*,e	Premier Investment Co		4,232
	6,189		Prestige Estates Projects Ltd		18
	1,936,400		Preuksa Real Estate PCL (Foreign)		1,218
	107,591	e	Primary Health Properties plc		619
	146,892	*	Prime Office AG.		586
	1,466,220		Prince Housing & Development Corp		714
	1,623,218		Prologis, Inc		66,276
	1,679		Property & Building Corp		116
	2,737,000	e	Prosperity REIT		791
	107,650		PS Business Parks, Inc		9,002
	61,328		PSP Swiss Property AG.		5,764
	8,067,500		PT Agung Podomoro Land Tbk		203
	16,780,000		PT Alam Sutera Realty Tbk		890
	9,639,500		PT Bekasi Fajar Industrial Estate Tbk		484
	7,544,400		PT Bumi Serpong Damai		1,097
	29,434,500		PT Ciputra Development Tbk		3,032
	17,321,000		PT Ciputra Property Tbk		1,277
	3,949,000		PT Ciputra Surya Tbk		841
	5,923,500	*	PT Gading Development Tbk		26
	9,451,500		PT Intiland Development Tbk		380
	102,439,149		PT Kawasan Industri Jababeka Tbk		2,323
	575,500	*	PT Lippo Cikarang Tbk		384
	41,930,500		PT Lippo Karawaci Tbk		4,026
	2,493,500		PT Metropolitan Land Tbk		108
	9,753,000	*	PT Modernland Realty Tbk		385
	5,881,000	*	PT Nirvana Development Tbk		138
	16,872,000		PT Pakuwon Jati Tbk		523
	37,811,500	*	PT Sentul City Tbk		608
	16,646,000		PT Summarecon Agung Tbk		1,574
	820,082		Public Storage, Inc		138,176
	3,871,806	*	Puravankara Projects Ltd		4,429
	72,500		Pure Industrial Real Estate Trust		314

133

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	50,251	e	QTS Realty Trust, Inc	$	1,261
	14,466,432		Quality House PCL		1,355
	712,992	*	Quintain Estates & Development plc		1,224
	783,167		Radium Life Tech Co Ltd		676
	268,191	e	RAIT Investment Trust		2,277
	245,787		Ramco-Gershenson Properties		4,006
	144,553		Rayonier, Inc		6,636
	15,000	*,e	Raysum Co Ltd		151
	42,227	*,e	Re/Max Holdings, Inc		1,217
	2,153,105	*	Realogy Holdings Corp		93,552
	111,401	e	Realty Income Corp		4,552
	342,977		Rebosis Property Fund Ltd		368
	6,288,686		Redefine Income Fund Ltd		5,704
	1,846,360	e	Redefine International plc		1,701
	313,080	e	Redwood Trust, Inc		6,349
	26,524,000		Regal Real Estate Investment Trust		7,424
	614,978		Regency Centers Corp		31,401
	3,259,000	e	Religare Health Trust		2,202
	19,700		Relo Holdings, Inc		1,074
	14,811,500	*,e	Renhe Commercial Holdings Co Ltd		917
	433,608		Resilient Property Income Fund Ltd		2,341
	505,494		Resource Capital Corp		2,816
	300,171		Retail Opportunities Investment Corp		4,485
	300,053		Retail Properties of America, Inc		4,063
	62,805		Rexford Industrial Realty, Inc		891
	580,721		RioCan Real Estate Investment Trust		13,989
	558,116		RLJ Lodging Trust		14,924
	2,744,300		Robinsons Land Corp		1,344
	86,429	e	Rouse Properties, Inc		1,490
	615,294		Ruentex Development Co Ltd		1,128
	147,754	e	Ryman Hospitality Properties		6,283
	3,354,288		S.A. Corporate Real Estate Fund		1,274
	678,000	e	Sabana Shari’ah Compliant Industrial REIT		555
	136,281		Sabra Healthcare REIT, Inc		3,801
	265,259		Saf Gayrimenkul Yatirim Ortakligi AS		128
	120,000		Saizen REIT		85
	19,839,232		Sansiri PCL		1,162
	40,800		Sao Carlos Empreendimentos e Participacoes S.A.		593
	43,971		Saul Centers, Inc		2,082
	180,255		Savills plc		2,006
	1,699,200		SC Asset Corp PCL		168
	264,457		Segro plc		1,465
	97,096		Select Income REIT		2,939
	22,199	*	Selvaag Bolig ASA		63
	151,671		Senior Housing Properties Trust		3,408
	576,909		Shaftesbury plc		6,333
	542,840		Shanghai Jinqiao Export Processing Zone Development Co Ltd		545
	72,000		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		108
	24,843,429	*	Shanghai Real Estate Ltd		697
	957,000	e	Shell Electric MFG		630

134

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	4,168,650	e	Shenzhen Investment Ltd	$	1,350
	1,868,500	e	Shimao Property Holdings Ltd		4,113
	760,254	*	Shining Building Business Co Ltd		630
	468,000		Shoei Co Ltd		6,424
	1,605,819		Shopping Centres Australasia Property Group		2,476
	4,320,293		Shui On Land Ltd		1,206
	60,167	e	Silver Bay Realty Trust Corp		934
	1,879,332		Simon Property Group, Inc		308,210
	12,600	e	Singapore Land Ltd		95
	992,600	*,e	SingHaiyi Group Ltd		137
	2,709,981		Sino Land Co		3,994
	2,132,000	*	Sinolink Worldwide Holdings Ltd		174
	9,531,218	e	Sino-Ocean Land Holdings Ltd		5,223
	128,367		Sinpas Gayrimenkul Yatirim Ortakligi AS		44
	398,778		Sinyi Realty Co		740
	66,083	*	Six of October Development & Investment		244
	698,304		SL Green Realty Corp		70,263
	11,920,715		SM Prime Holdings		3,895
	872,805		Sobha Developers Ltd		5,484
	7,712		Societe de la Tour Eiffel		529
	6,445,500	e	Soho China Ltd		5,303
	714,000	e	Soilbuild Business Space REIT		443
	80,600		Sonae Sierra Brasil S.A.		670
	98,000		Soundwill Holdings Ltd		180
	139,108		Sovran Self Storage, Inc		10,217
	67,678		Sparkassen Immobilien AG.		500
	1,481,000	e	SPH REIT		1,154
	1,973,129		Spirit Realty Capital, Inc		21,665
	562,406	e	Sponda Oyj		2,666
	403,297		ST Modwen Properties plc		2,689
	34,748	*,e	St. Joe Co		669
	159,528		STAG Industrial, Inc		3,845
	1,241,351	e	Starwood Property Trust, Inc		29,283
	72,356	*	Starwood Waypoint Residential Trust		2,083
	2,926,825		Stockland Trust Group		10,195
	1,707,088	*	Strategic Hotels & Resorts, Inc		17,395
	23,100		Sumitomo Real Estate Sales Co Ltd		729
	761,321		Sumitomo Realty & Development Co Ltd		29,797
	290,467		Summit Hotel Properties, Inc		2,696
	132,311		Sun Communities, Inc		5,966
	24,200	e	Sun Frontier Fudousan Co Ltd		334
	3,344,635		Sun Hung Kai Properties Ltd		41,070
	1,741,000	e	Sunac China Holdings Ltd		1,013
	1,390,000		Sunlight Real Estate Investment Trust		520
	1,026,240		Sunstone Hotel Investors, Inc		14,090
	2,717,298	e	Suntec Real Estate Investment Trust		3,592
	1,845,222	*	Sunteck Realty Ltd		8,429
	1,732,058		Sunway BHD		1,612
	1,253,200		Sunway Real Estate Investment		522
	3,689,000		Supalai PCL		2,035
	901,193		Swire Pacific Ltd (Class A)		10,526
	1,170,901	e	Swire Properties Ltd		3,342

135

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	49,565		Swiss Prime Site AG.	$	4,215
	238,288		Sycom Property Fund		521
	1,256,600		TA Global BHD		119
	317,528		TAG Tegernsee Immobilien und Beteiligungs AG.		3,940
	415,852	*	Taiwan Land Development Corp		156
	95,600	e	Takara Leben Co Ltd		295
	1,652,454	*	Talaat Moustafa Group		1,814
	470,063		Tanger Factory Outlet Centers, Inc		16,452
	84,399		Taubman Centers, Inc		5,975
	202,966		Technopolis plc		1,178
	41,440	*,e	Tejon Ranch Co		1,402
	113,818		Terreno Realty Corp		2,152
	326,700		TF Administradora Industrial S de RL de C.V.		653
	1,481,400		Ticon Industrial Connection PCL		788
	81,700		TOC Co Ltd		586
	888,079		Tokyo Tatemono Co Ltd		7,609
	977,235	*	Tokyu Fudosan Holdings Corp		7,287
	1,290	*	Tokyu REIT, Inc		1,560
	236	*	Top REIT Inc		1,071
	319,778		Torunlar Gayrimenkul Yatirim Ortakligi AS		417
	877,800	e	Tosei Corp		5,889
	301,000		Tropicana Corp BHD		145
	702,880	e	Tuan Sing Holdings Ltd		187
	1,261,402		Two Harbors Investment Corp		12,929
	165,391		UDR, Inc		4,272
	1,545,730		UEM Land Holdings BHD		1,043
	74,395	e	UMH Properties, Inc		728
	95,204		Unibail-Rodamco		24,708
	431,554		Unite Group plc		3,126
	6,958,291	*	Unitech Corporate Parks plc		4,495
	69,445,608	*	Unitech Ltd		16,334
	802,519		United Overseas Land Ltd		4,002
	4,503		United Urban Investment Corp		6,626
	989,000		Univentures PCL		254
	46,164		Universal Health Realty Income Trust		1,950
	931,148		UOA Development BHD		619
	102,817		Urstadt Biddle Properties, Inc (Class A)		2,124
	49,444	*	Vakif Gayrimenkul Yatirim Ortakligi AS		211
	22,414		Vastned Retail NV		1,103
	1,148,437		Ventas, Inc		69,561
	9,057,000		Vista Land & Lifescapes, Inc		1,066
	1,043,029		Vornado Realty Trust		102,801
	840,163		Vukile Property Fund Ltd		1,335
	206,774	e	Wallenstam Byggnads AB (B Shares)		3,391
	25,278		Warehouses De Pauw SCA		1,899
	238,755		Washington Real Estate Investment Trust		5,701
	293,982		Weingarten Realty Investors		8,819
	26,467		Wereldhave NV		2,252
	100,051	e	Western Asset Mortgage Capital Corp		1,565
	4,443,091		Westfield Group		42,322
	7,558,759		Westfield Retail Trust		20,927
	613,064		Weyerhaeuser Co		17,993

136

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	352,950		WHA Corp PCL	$	340
	5,614,413	e	Wharf Holdings Ltd		36,009
	1,142,064		Wheelock & Co Ltd		4,476
	413,097	e	Wheelock Properties S Ltd		542
	76,518		Whitestone REIT		1,105
	147,402		Wihlborgs Fastigheter AB		2,871
	492,832	e	Wing Tai Holdings Ltd		719
	136,460		Winthrop Realty Trust		1,582
	176,322		Workspace Group plc		1,742
	43,511	e	WP Carey, Inc		2,614
	5,825,000	e	Yanlord Land Group Ltd		4,966
	1,197,000	*,e	Ying Li International Real Estate Ltd		281
	11,753		YNH Property BHD		7
	1,133,600	*	YTL Land & Development BHD		307
	2,204,320	e	Yuzhou Properties Co		489
	21,472		ZAIS Financial Corp		358
	608,000		Zall Development Group Ltd		211
	2,826,800	*	Zhong An Real Estate Ltd		805
	377		Zug Estates Holding AG		507
			TOTAL REAL ESTATE		4,079,016
RETAILING - 3.8%
	109,311	*	1-800-FLOWERS.COM, Inc (Class A)		615
	85,332		Aaron’s, Inc		2,580
	25,691		ABC-Mart, Inc		1,115
	86,195	e	Abercrombie & Fitch Co (Class A)		3,319
	133,215		Advance Auto Parts, Inc		16,852
	618,855	*,e	Aeropostale, Inc		3,107
	17,600		Alpen Co Ltd		317
	1,521,181	*	Amazon.com, Inc		511,908
	421,138	e	American Eagle Outfitters, Inc		5,155
	25,656	*	America’s Car-Mart, Inc		942
	413,934	*	Ann Taylor Stores Corp		17,170
	49,500		AOKI Holdings, Inc		702
	171,241		Aoyama Trading Co Ltd		4,496
	42,200		Arc Land Sakamoto Co Ltd		805
	15,200		Asahi Co Ltd		206
	99,018	*	Asbury Automotive Group, Inc		5,477
	323,162	*	Ascena Retail Group, Inc		5,584
	20,400	e	ASKUL Corp		643
	344,813	*	ASOS plc		29,806
	73,737	*	Audiovox Corp (Class A)		1,009
	434,000		Aurora Corp		791
	71,288		Autobacs Seven Co Ltd		1,099
	29,800	e	AutoCanada, Inc		1,658
	208,828	e	Automotive Holdings Group		756
	89,344	*	Autonation, Inc		4,756
	130,183	*	AutoZone, Inc		69,921
	90,900	*	B2W Companhia Global Do Varejo		1,109
	290,766	*	Barnes & Noble, Inc		6,077
	2,771,113		Beauty Community PCL (ADR)		1,687
	127,082		Bebe Stores, Inc		778

137

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	637,311	*	Bed Bath & Beyond, Inc	$	43,847
	5,946,400	e	Belle International Holdings Ltd		5,945
	135,000		Belluna Co Ltd		670
	3,650,546		Best Buy Co, Inc		96,411
	228,300	e	BIC CAMERA, Inc		1,376
	73,568		Big 5 Sporting Goods Corp		1,181
	74,496	*	Big Lots, Inc		2,821
	48,471		Bilia AB (A Shares)		1,553
	64,874	*,e	Blue Nile, Inc		2,258
	66,312	*,e	Body Central Corp		71
	4,502,000		Bonjour Holdings Ltd		803
	43,966	e	Bon-Ton Stores, Inc		483
	1,287,000	*,e,m	Boshiwa International Holding		2
	47,982	*	Boyner Buyuk Magazacilik		125
	98,088		Breville Group Ltd		870
	201,335		Brown Shoe Co, Inc		5,343
	87,753	e	Buckle, Inc		4,019
	51,696	*	Burlington Stores, Inc		1,526
	130,934	e	Byggmax Group AB		1,027
	101,884	*,e	Cabela’s, Inc		6,674
	109,463		Canadian Tire Corp Ltd		10,321
	67,400		Canon Marketing Japan, Inc		925
	1,853,813	*	Carmax, Inc		86,758
	275,398	e	Cash Converters International Ltd		244
	22,690		Cashbuild Ltd		293
	102,902		Cato Corp (Class A)		2,782
	106,941	*,e	CDON Group AB		387
	598,000		Century Ginwa Retail Holdings Ltd		131
	221,697		Chico’s FAS, Inc		3,554
	280,005		Children’s Place Retail Stores, Inc		13,947
	347,500	e	China Yongda Automobiles Services Holdings Ltd		314
	10,399,900	*,e	China ZhengTong Auto Services Holdings Ltd		5,797
	29,700		Chiyoda Co Ltd		644
	11,000		Chori Co Ltd		120
	741,000	e	Chow Sang Sang Holding		1,759
	1,564,000	e	Chow Tai Fook Jewellery Group Ltd		2,463
	160,424	*	Christopher & Banks Corp		1,060
	157,700		Cia Hering		1,903
	73,665	*	Citi Trends, Inc		1,200
	18,340		CJ O Shopping Co Ltd		6,289
	96,796		Clas Ohlson AB (B Shares)		2,048
	134,606	*,e	Conn’s, Inc		5,229
	185,659	*,e	Container Store Group, Inc		6,303
	51,944		Core-Mark Holding Co, Inc		3,771
	152,000	e	Courts Asia Ltd		70
	337,154	e	CST Brands, Inc		10,533
	90,000	*,e	Ctrip.com International Ltd (ADR)		4,538
	1,739,000	e	Dah Chong Hong Holdings Ltd		1,131
	112,300	*	Daiei, Inc		370
	1,271,395	e	David Jones Ltd		3,847
	202,600		DCM Japan Holdings Co Ltd		1,356
	6,586,736		Debenhams plc		8,781

138

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	66,417		Delek Automotive Systems Ltd	$	702
	6,250		Delticom AG.		306
	52,752		Destination Maternity Corp		1,445
	162,472	*,e	Destination XL Group, Inc		916
	135,622		Dick’s Sporting Goods, Inc		7,406
	888,486		Dickson Concepts International Ltd		514
	52,355		Dieteren S.A.		2,457
	111,313	e	Dillard’s, Inc (Class A)		10,285
	70,073		Dogus Otomotiv Servis ve Ticaret AS		258
	448,062	*	Dollar General Corp		24,858
	294,375	*	Dollar Tree, Inc		15,360
	148,338		Dollarama, Inc		11,301
	40,110		Don Quijote Co Ltd		2,071
	24,500		Doshisha Co Ltd		378
	4,310,421	*	DSG International plc		3,542
	96,899		DSW, Inc (Class A)		3,475
	33,811	*	Dufry Group		5,817
	177,346		Dunelm Group plc		2,798
	417,483	e	EDION Corp		2,326
	214,020		El Puerto de Liverpool SAB de C.V.		2,343
	270,000		E-LIFE MALL Corp		566
	9,550,000	e	Emperor Watch & Jewellery Ltd		728
	431,675		Empresas Hites S.A.		259
	3,823,482	*	Empresas La Polar S.A.		333
	3,708,000	*	Esprit Holdings Ltd		6,178
	1,047,277		Expedia, Inc		75,928
	409,336	*	Express Parent LLC		6,500
	132,774		Family Dollar Stores, Inc		7,702
	1,036,715		Far Eastern Department Stores Co Ltd		915
	40,589		Fast Retailing Co Ltd		14,681
	274,969		Finish Line, Inc (Class A)		7,449
	102,601	*,e	Five Below, Inc		4,358
	33,939	*	Folli Follie SA		1,253
	1,024,257		Foot Locker, Inc		48,120
	369,868	e	Foschini Ltd		3,758
	139,134	*,e	Francesca’s Holdings Corp		2,524
	139,991		Fred’s, Inc (Class A)		2,521
	73,137	*	FTD Cos, Inc		2,326
	20,600		Fuji Co Ltd		379
	1,893,888	e	GameStop Corp (Class A)		77,839
	1,084,423		Gap, Inc		43,442
	100,927	*	Genesco, Inc		7,526
	357,064		Genuine Parts Co		31,011
	49,800		Geo Corp		439
	1,480,000	e	Giordano International Ltd		956
	436,381		GNC Holdings, Inc		19,209
	17,694,600	e	Golden Eagle Retail Group Ltd		24,469
	464,000		Goldlion Holdings Ltd		215
	23,974,608	e	GOME Electrical Appliances Holdings Ltd		4,057
	30,678		Gordmans Stores, Inc		168
	84,461		Group 1 Automotive, Inc		5,546
	12,877	*	Groupe Fnac		665

139

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,886,450	*,e	Groupon, Inc	$	22,630
	316,500	*	Grupo Famsa SAB de C.V.		483
	2,414		GS Home Shopping, Inc		538
	4,097,000	*	GSH Corp Ltd		261
	65,412		Guess?, Inc		1,805
	58,700		Gulliver International Co Ltd		457
	1,048		GwangjuShinsegae Co Ltd		238
	93,500		Hai-O Enterprise BHD		70
	514,805		Halfords Group plc		3,967
	511,825	e	Hankyu Department Stores, Inc		4,081
	135,109	e	Harvey Norman Holdings Ltd		414
	69,575		Haverty Furniture Cos, Inc		2,066
	12,201,227	e	Hengdeli Holdings Ltd		2,337
	1,005,210		Hennes & Mauritz AB (B Shares)		42,872
	51,201	*,e	HHgregg, Inc		492
	81,552	*,e	Hibbett Sports, Inc		4,312
	8,162,226		Home Depot, Inc		645,877
	2,880,317		Home Product Center PCL (Foreign)		867
	2,126,800		Home Retail Group		7,686
	739,990	*	HomeAway, Inc		27,875
	15,910	e	Honeys Co Ltd		154
	270,900		Hotai Motor Co Ltd		3,276
	132,074		HSN, Inc		7,889
	60,200	e	Hudson’s Bay Co		986
	17,748		Hyundai Department Store Co Ltd		2,371
	70,180		Hyundai H&S Co Ltd		1,136
	8,372		Hyundai Home Shopping Network Corp		1,231
	19,800	e	Ikyu		224
	294,086		Imperial Holdings Ltd		5,260
	1,297,371		Inchcape plc		13,984
	132,096		Inditex S.A.		19,818
	48,125		Interpark Corp		553
	14,314,700		Intime Retail Group Co Ltd		15,388
	291,971		Isetan Mitsukoshi Holdings Ltd		3,602
	578,000		IT Ltd		152
	59,100		Izumi Co Ltd		1,747
	2,419,366		J Front Retailing Co Ltd		16,650
	38,609	e	Jardine Cycle & Carriage Ltd		1,393
	306,552	e	JB Hi-Fi Ltd		5,328
	724,400	*,e	JC Penney Co, Inc		6,244
	102,990	e	JD Group Ltd		265
	31,600	e	Jin Co Ltd		943
	56,315		John Menzies plc		615
	105,769	*	JOS A Bank Clothiers, Inc		6,801
	67,000		Joshin Denki Co Ltd		536
	203,858		JUMBO S.A.		3,651
	144,361	*	KappAhl Holding AB		896
	237,116		Kathmandu Holdings Ltd		791
	37,987	e	Keiyo Co Ltd		172
	881,085	e	Kesa Electricals plc		1,724
	2,830,661		Kingfisher plc		19,902
	82,279	*	Kirkland’s, Inc		1,521

140

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	644,236	e	Kohl’s Corp	$	36,593
	39,900	e	Kohnan Shoji Co Ltd		403
	39,967		Kolao Holdings		932
	38,300		Komeri Co Ltd		1,045
	26,900		Konaka Co Ltd		187
	118,663		K’s Holdings Corp		3,292
	409,705		L Brands, Inc		23,259
	13,722		LES Enphants Co Ltd		10
	265,368	e	Lewis Group Ltd		1,460
	4,920,377	e	Li & Fung Ltd		7,291
	2,143,836	*	Liberty Interactive Corp		61,893
	161,056	*	Liberty Ventures		20,990
	2,181,400	e	Lifestyle International Holdings Ltd		4,438
	81,137	*,e	Lifestyle Properties Development Ltd		13
	70,971		Lithia Motors, Inc (Class A)		4,717
	442,714	*	LKQ Corp		11,666
	114,900		Lojas Americanas S.A.		721
	446,963		Lojas Americanas S.A.(Preference)		3,296
	145,350		Lojas Renner S.A.		4,114
	532,357		Lookers plc		1,329
	30,809		Lotte Shopping Co Ltd		9,704
	2,498,568		Lowe’s Companies, Inc		122,180
	1,031,000		Luk Fook Holdings International Ltd		3,259
	92,482	*,e	Lumber Liquidators, Inc		8,675
	3,427,590		Macy’s, Inc		203,222
	194,500		Magazine Luiza S.A.		555
	1,211,000	e	Maoye International Holdings Ltd		181
	81,978	*	MarineMax, Inc		1,245
	53,000		Marisa Lojas S.A.		360
	1,805,845		Marks & Spencer Group plc		13,594
	678,174		Marui Co Ltd		5,819
	38,637	*	Matas A.S.		1,084
	37,800		Matsuya Co Ltd		313
	40,805	*,e	Mattress Firm Holding Corp		1,952
	412,300		MBM Resources BHD		410
	71,709	e	Mekonomen AB		1,980
	183,252		Men’s Wearhouse, Inc		8,976
	898,465		Mercuries & Associates Ltd		585
	2,196,998		MFI Furniture plc		13,644
	66,672		Mobilezone Holding AG.		738
	99,125	e	Monro Muffler, Inc		5,638
	94,114	*,e	Mothercare plc		295
	404,391		Mr Price Group Ltd		6,044
	196,721	*	Murphy USA, Inc		7,985
	756,379	e	Myer Holdings Ltd		1,567
	199,707		N Brown Group plc		1,905
	341,000		National Petroleum Co Ltd		309
	300,499	*	NetFlix, Inc		105,785
	575,000		New Carphone Warehouse plc		3,117
	1,094,000	e	New World Department Store China Ltd		523
	143,689	*	New York & Co, Inc		631
	524,511		Next plc		57,723

141

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	94,000	e	Nice Holdings, Inc	$	208
	64,600	e	Nishimatsuya Chain Co Ltd		469
	40,500	*	Nissen Holdings Co Ltd		165
	85,500		Nitori Co Ltd		3,710
	550,329		Nordstrom, Inc		34,368
	91,621	e	Nutri/System, Inc		1,381
	3,650,363	*	Ocado Ltd		28,042
	1,871,850	*,e	Office Depot, Inc		7,731
	110,000		OfficeMate PCL		122
	346,609	*	Orbitz Worldwide, Inc		2,717
	483,226	*	O’Reilly Automotive, Inc		71,706
	12,859		OrotonGroup Ltd		47
	789,000	e	OSIM International Ltd		1,628
	26,000		Otsuka Kagu Ltd		230
	66,607	*,e	Outerwall, Inc		4,829
	110,922	*,e	Overstock.com, Inc		2,185
	1,191,285		Pacific Brands Ltd		586
	122,980	*	Pacific Sunwear Of California, Inc		365
	737,200		Padini Holdings BHD		431
	11,900		Pal Co Ltd		229
	86,374		Paltac Corp		985
	150,000		Pantaloon Retail India Ltd		207
	36,800		Paris Miki, Inc		178
	497,992		Parkson Holdings BHD		458
	1,736,000		Parkson Retail Asia Ltd		1,305
	1,425,000	e	Parkson Retail Group Ltd		449
	192,694		PC Jeweller Ltd		314
	184,086		Penske Auto Group, Inc		7,872
	207,746	*	PEP Boys - Manny Moe & Jack		2,643
	61,705	e	PetMed Express, Inc		827
	878,808	e	Petsmart, Inc		60,541
	456,931		Pier 1 Imports, Inc		8,627
	16,910		Point, Inc		424
	2,647,500	*	Pou Sheng International Holdings Ltd		121
	465,818	*	Poundland Group plc		2,951
	72,720		Poya Co Ltd		474
	10,297		PPR		2,100
	113,907		Premier Investments Ltd		1,042
	238,803	*	Priceline.com, Inc		284,627
	11,798,500		PT ACE Hardware Indonesia Tbk		782
	4,917,971	*	PT Matahari Department Store Tbk		6,046
	1,292,000		PT Matahari Putra Prima Tbk		307
	1,112,000		PT Mitra Adiperkasa Tbk		614
	2,578,000	*	PT Mitra Pinasthika Mustika Tbk		266
	17,100,500		PT Multipolar Corp Tbk		679
	5,671,500		PT Ramayana Lestari Sentosa Tbk		698
	5,312,000		PT Tiphone Mobile Indonesia Tbk		388
	34,500	*,e	Qunar Cayman Islands Ltd (ADR)		1,055
	377,885	*,e	RadioShack Corp		801
	1,416,600		Rakuten, Inc		18,922
	147,737		Reitmans Canada Ltd		770
	32,834	e	Reject Shop Ltd		309

142

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	201,291		Rent-A-Center, Inc	$	5,354
	300,401	*	Restoration Hardware Holdings, Inc		22,107
	45,330	*	RetailMeNot, Inc		1,451
	169,622		RONA, Inc		1,732
	586,949		Ross Stores, Inc		41,996
	34,600		Ryohin Keikaku Co Ltd		3,336
	2,262,000	e	SA SA International Holdings Ltd		1,818
	830,766		SACI Falabella		7,311
	359,824	*	Sally Beauty Holdings, Inc		9,859
	58,649	e	Sanrio Co Ltd		1,980
	66,600		Sears Canada, Inc		994
	47,431	*,e	Sears Holdings Corp		2,265
	76,653	*,e	Sears Hometown and Outlet Stores, Inc		1,813
	202,089	*	Select Comfort Corp		3,654
	309,000		Senao International Co Ltd		852
	76,200		Senshukai Co Ltd		622
	26,129	*	Seobu Truck Terminal Co Ltd		446
	44,700		Seria Co Ltd		1,653
	57,000		Shimachu Co Ltd		1,240
	24,703		Shimamura Co Ltd		2,138
	7,857		Shinsegae Co Ltd		1,707
	3,589		Shinsegae International Co Ltd		265
	57,451		Shoe Carnival, Inc		1,324
	129,167	*,e	Shutterfly, Inc		5,513
	1,196,650		Siam Global House PCL		532
	1,057,000		Sichuan Xinhua Winshare Chainstore Co Ltd		603
	90,187		Signet Jewelers Ltd		9,547
	25,000	e	Signet Jewelers Ltd (London)		2,651
	591,425	e	Silver base Group Holdings Ltd		80
	144,697		Sonic Automotive, Inc (Class A)		3,253
	908,021	*	Sports Direct International plc		12,902
	9,298,000	e	Springland International Holdings Ltd		4,129
	127,951	e	Stage Stores, Inc		3,128
	4,042,496	e	Staples, Inc		45,842
	112,200	e	Start Today Co Ltd		2,870
	96,705		Stein Mart, Inc		1,355
	327,000		Stelux Holdings International		101
	69,258	e	Stockmann Oyj Abp (B Share)		1,022
	161,918		Super Cheap Auto Group Ltd		1,661
	598,761	*	Super Group Ltd		1,630
	309,156	*	SuperGroup plc		8,815
	36,385		Systemax, Inc		542
	226,799		Takashimaya Co Ltd		2,123
	26,978		Takkt AG.		594
	1,258,495		Target Corp		76,152
	56,000		Telepark Corp		505
	7,754,865		Test-Rite International Co		5,636
	158,856		Thorn Group Ltd		317
	212,713		Tiffany & Co		18,325
	58,906	*,e	Tile Shop Holdings, Inc		910
	50,106	*	Tilly’s, Inc		586
	3,145,911		TJX Companies, Inc		190,800

143

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	7,100		Tokyo Derica Co Ltd	$	108
	19,706		Tom Tailor Holding AG.		361
	535,700		Tractor Supply Co		37,836
	470,224		Trade Me Ltd		1,664
	14,732		Trans World Entertainment Corp		53
	1,143		Trent Ltd		20
	845,474	*	TripAdvisor, Inc		76,591
	505,929	e	Truworths International Ltd		3,707
	249,000		Tsann Kuen Enterprise Co Ltd		333
	174,203		Tsutsumi Jewelry Co Ltd		4,180
	162,918	*,e	Tuesday Morning Corp		2,305
	1,362,150	*	Ulta Salon Cosmetics & Fragrance, Inc		132,782
	23,099	e	United Arrows Ltd		856
	1,803,994	*	Urban Outfitters, Inc		65,792
	263,590		USS Co Ltd		3,703
	3,169		Valora Holding AG.		890
	163,767	*	Valuevision International, Inc (Class A)		796
	75,889	*,e	Vitacost.com, Inc		538
	127,253	*	Vitamin Shoppe, Inc		6,047
	84,900	e	VT Holdings Co Ltd		469
	148,214		Warehouse Group Ltd		414
	63,389	e	Webjet Ltd		162
	62,914	*	West Marine, Inc		715
	271,877	*,e	Wet Seal, Inc (Class A)		359
	124,154	*	WEX, Inc		11,801
	347,747		WH Smith plc		6,976
	185,919		Williams-Sonoma, Inc		12,390
	7,229		Winmark Corp		547
	1,707,999		Woolworths Holdings Ltd		11,886
	144,463	*	World Duty Free S.p.A		2,026
	157,290	e	Wotif.com Holdings Ltd		388
	30,300		Xebio Co Ltd		527
	125,170	e	Yamada Denki Co Ltd		417
	41,800		Yellow Hat Ltd		838
	448,561	*	Yoox S.p.A		15,348
	119,362	*	Zale Corp		2,496
	831,400	e	Zhongsheng Group Holdings Ltd		1,148
	3,016	*	zooplus AG.		242
	124,303	*,e	zulily, Inc		6,239
	66,991	*,e	Zumiez, Inc		1,624
			TOTAL RETAILING		4,761,615
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%
	739,000		A-DATA Technology Co Ltd		1,881
	176,838	*	Advanced Energy Industries, Inc		4,333
	967,138	*,e	Advanced Micro Devices, Inc		3,878
	35,223,668		Advanced Semiconductor Engineering, Inc		39,090
	162,718	e	Advantest Corp		1,759
	122,322	*,e	Aixtron AG.		2,004
	544,000		ALI Corp		590
	70,341	*	Alpha & Omega Semiconductor Ltd		518
	857,275		Altera Corp		31,068

144

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	138,661	*,e	Ambarella, Inc	$	3,704
	242,929	*,e	Amkor Technology, Inc		1,666
	305,036	*	Anadigics, Inc		519
	690,262		Analog Devices, Inc		36,681
	4,864,382		Applied Materials, Inc		99,331
	223,917	*,e	Applied Micro Circuits Corp		2,217
	442,503		Ardentec Corp		392
	3,358,609		ARM Holdings plc		56,721
	175,784		ARM Holdings plc (ADR)		8,960
	97,637	*	Asia Pacific Systems, Inc		802
	144,760		ASM International NV		5,804
	227,523	e	ASM Pacific Technology		2,210
	789,540		ASML Holding NV		73,493
	699,644	*	Atmel Corp		5,849
	122,766	*	ATMI, Inc		4,175
	50,764	*	Atto Co Ltd		427
	10,981		Austriamicrosystems AG.		1,542
	2,190,949		Avago Technologies Ltd		141,119
	418,914	*	Axcelis Technologies, Inc		901
	6,700	e	Axell Corp		110
	63,579		BE Semiconductor Industries NV		982
	3,363,951		Broadcom Corp (Class A)		105,897
	260,081		Brooks Automation, Inc		2,843
	85,424	*	Cabot Microelectronics Corp		3,759
	57,827		Capella Microsystems Taiwan, Inc		216
	485,765	*	Cavium Networks, Inc		21,242
	83,384	*	Ceva, Inc		1,464
	11,538	*,e,m	China Energy Savings Technology, Inc		0	^
	1,760,000	*	China Ruifeng Renewable Energy Holdings Ltd		431
	857,000		Chipbond Technology Corp		1,517
	249,339		ChipMOS TECHNOLOGIES Bermuda Ltd		5,500
	327,953	*,e	Cirrus Logic, Inc		6,516
	101,656		Cohu, Inc		1,092
	237,302	*	Cree, Inc		13,422
	696,497		CSR plc		8,436
	459,926	e	Cypress Semiconductor Corp		4,723
	25,530	*	D.I Corp		308
	245,616		Dainippon Screen Manufacturing Co Ltd		1,134
	76,654	*,e	Dialog Semiconductor plc		1,895
	120,013	*	Diodes, Inc		3,135
	39,172	e	Disco Corp		2,438
	28,380	*	Dongbu HiTek Co Ltd		179
	77,174	*	DSP Group, Inc		667
	20,687	*	Duksan Hi-Metal Co Ltd		354
	488,000		Elan Microelectronics Corp		942
	252,000		Elite Semiconductor Memory Technology, Inc		417
	209,571		eMemory Technology, Inc		1,435
	547,462	*	Entegris, Inc		6,630
	328,527	*,e	Entropic Communications, Inc		1,344
	13,875		Eo Technics Co Ltd		663
	2,403,578		Epistar Corp		5,789
	438,167	*	E-Ton Solar Tech Co Ltd		252

145

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	18,565		Eugene Technology Co Ltd	$	381
	444,000		Everlight Electronics Co Ltd		1,129
	118,898	*	Exar Corp		1,421
	35,664	*	EZchip Semiconductor Ltd		909
	170,342	*	Fairchild Semiconductor International, Inc		2,349
	416,101		Faraday Technology Corp		604
	509,603	*	First Solar, Inc		35,565
	878,000		Forhouse Corp		367
	201,097	*	Formfactor, Inc		1,285
	353,000		Formosa Advanced Technologies Co Ltd		224
	523,000	*	Formosa Epitaxy, Inc		328
	1,383,557	*,e	Freescale Semiconductor Holdings Ltd		33,773
	24,551,800	e	GCL Poly Energy Holdings Ltd		8,882
	29,927	*	GemVax & Kael Co Ltd		378
	424,560	*	Genesis Photonics, Inc		338
	70,909		Genius Electronic Optical Co Ltd		211
	30,072		Giga Solar Materials Corp		657
	446,850	*	Gintech Energy Corp		423
	172,000		Global Mixed Mode Technology, Inc		572
	117,000		Global Unichip Corp		341
	211,100		Globetronics Technology BHD		223
	330,000		Greatek Electronics, Inc		350
	194,561	*	Green Energy Technology, Inc		166
	83,707	*	GSI Technology, Inc		578
	440,944	*,e	GT Solar International, Inc		7,518
	719,700		Hana Microelectronics PCL (Foreign)		677
	13,108,000	*,e	Hanergy Solar Group Ltd		2,062
	32,950		Hanmi Semiconductor Co Ltd		408
	12,651	*	Hansol LCD, Inc		253
	45,600		Hermes Microvision, Inc		1,831
	102,863		Hittite Microwave Corp		6,484
	458,000		Holtek Semiconductor, Inc		939
	1,462,000	*	Hynix Semiconductor, Inc		49,607
	14,602	*	ICD Co Ltd		142
	24,010		Iljin Display Co Ltd		361
	247,620	*,e	Imagination Technologies Group plc		842
	1,964,504		Infineon Technologies AG.		23,437
	11,888	*	Innox Corp		250
	1,903,000	*	Inotera Memories, Inc		1,497
	88,133	*	Inphi Corp		1,418
	478,927	*	Integrated Device Technology, Inc		5,857
	68,175		Integrated Memory Logic Ltd		159
	106,872	*	Integrated Silicon Solution, Inc		1,662
	13,439,572		Intel Corp		346,875
	63,354	*,e	Intermolecular, Inc		177
	820,654	*	International Rectifier Corp		22,486
	477,904		Intersil Corp (Class A)		6,174
	635,648	*	IQE plc		247
	94,260		IXYS Corp		1,070
	37,876	*	Jusung Engineering Co Ltd		203
	1,669,000		King Yuan Electronics Co Ltd		1,387
	277,769		Kinsus Interconnect Technology Corp		1,032

146

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	405,337		Kla-Tencor Corp	$	28,025
	20,827		Koh Young Technology, Inc		420
	71,130		Kontron AG.		488
	267,090	*	Kopin Corp		1,010
	5,389	*	Kulicke & Soffa Industries, Inc		68
	953,888	*	Lam Research Corp		52,464
	5,000,000	*	Landing International Development Ltd		472
	474,450	*	Lattice Semiconductor Corp		3,720
	16,892		LEENO Industrial Inc		472
	292,726		Lextar Electronics Corp		318
	1,520,846		Linear Technology Corp		74,050
	142,000		Lingsen Precision Industries Ltd		98
	655,000		Lite-On Semiconductor Corp		465
	757,985		LSI Logic Corp		8,391
	168,396	*	LTX-Credence Corp		1,500
	446,632	*	Lumens Co Ltd		5,610
	47,370	*	MA-COM Technology Solutions		973
	4,930,400	*	Macronix International		1,024
	2,472,851		Marvell Technology Group Ltd		38,947
	622,983		Maxim Integrated Products, Inc		20,633
	103,409	*,e	MaxLinear, Inc		980
	4,310,154		MediaTek, Inc		63,798
	21,900	*,e	Megachips Corp		257
	49,685		Melexis NV		1,923
	13,057		Melfas, Inc		124
	147,070		Micrel, Inc		1,630
	931,958	e	Microchip Technology, Inc		44,510
	4,418,295	*	Micron Technology, Inc		104,537
	43,259		Micronas Semiconductor Holdings, Inc		343
	416,303	*	Microsemi Corp		10,420
	21,900		Mimasu Semiconductor Industry Co Ltd		195
	75,788		Mitsui High-Tec, Inc		508
	222,036		MKS Instruments, Inc		6,637
	118,856		Monolithic Power Systems, Inc		4,608
	164,217	*,e	MoSys, Inc		746
	452,000	*	Motech Industries, Inc		797
	884,000		MPI Corp		2,869
	77,787	*	Nanometrics, Inc		1,398
	673,484	*	Neo Solar Power Corp		804
	77,326	*	NeoPhotonics Corp Ltd		613
	16,406		NEPES Corp		124
	177,710	*	Nexolon Co Ltd		185
	1,244,739	*,e	Nordic Semiconductor ASA		7,663
	2,491,126		Novatek Microelectronics Corp Ltd		11,450
	4,200	e	Nuflare Technology, Inc		277
	21,852	*	NVE Corp		1,246
	2,014,158		Nvidia Corp		36,074
	1,361,221	*	NXP Semiconductors NV		80,053
	203,808	*	Omnivision Technologies, Inc		3,607
	4,369,786	*	ON Semiconductor Corp		41,076
	1,366,000		Opto Technology Corp		715
	129,000		Orise Technology Co Ltd		231

147

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	57,401		Parade Technologies Ltd	$	473
	77,039	*	PDF Solutions, Inc		1,400
	80,258	*,e	Peregrine Semiconductor Corp		486
	89,097	*	Pericom Semiconductor Corp		698
	143,247		Phison Electronics Corp		924
	228,035	*	Photronics, Inc		1,945
	132,613		Pixart Imaging, Inc		295
	136,652	*	PLX Technology, Inc		827
	984,683	*	PMC - Sierra, Inc		7,493
	125,872		Power Integrations, Inc		8,280
	712,525		Powertech Technology, Inc		1,079
	3,021,255		Radiant Opto-Electronics Corp		12,234
	353,860	*	Rambus, Inc		3,804
	500,240		Realtek Semiconductor Corp		1,511
	1,529,000		Regent Manner International Ltd		259
	2,163,385	*	Renewable Energy Corp AS		1,406
	1,161,657	*	RF Micro Devices, Inc		9,154
	291,200		Richtek Technology Corp		1,740
	308,578		Rohm Co Ltd		13,779
	65,747	*,e	Rubicon Technology, Inc		742
	114,619	*	Rudolph Technologies, Inc		1,308
	185,407		Samsung Electronics Co Ltd		234,386
	32,889		Samsung Electronics Co Ltd (Preference)		32,763
	133,000		Sanken Electric Co Ltd		943
	25,890,000	*,e	Semiconductor Manufacturing International		1,950
	311,139	*	Semtech Corp		7,884
	123,419		Seoul Semiconductor Co Ltd		5,271
	180,000		Shindengen Electric Manufacturing Co Ltd		793
	309,721	e	Shinko Electric Industries		2,230
	800,000	*,e	Shunfeng Photovoltaic International Ltd		937
	127,185	*	Sigma Designs, Inc		605
	30,680	*	Signetics Corp		59
	233,000		Sigurd Microelectronics Corp		227
	158,190	*	Silex Systems Ltd		309
	347,863	*	Silicon Image, Inc		2,400
	1,350,000	*	Silicon Integrated Systems Corp		407
	66,061	*	Silicon Laboratories, Inc		3,452
	56,655		Silicon Works Co Ltd		1,226
	3,182,631		Siliconware Precision Industries Co		4,229
	48,203		Simm Tech Co Ltd		286
	669,000	*	Sino-American Silicon Products, Inc		1,174
	352,000		Sitronix Technology Corp		633
	451,827	*	Skyworks Solutions, Inc		16,953
	11,413		SMA Solar Technology AG.		606
	186,140	*,e	SOITEC		592
	3,106,665	*	Solargiga Energy Holdings Ltd		149
	317,616	*	Solartech Energy Corp		242
	401,000		Sonix Technology Co Ltd		699
	182,234	*	Spansion, Inc		3,174
	508,033		STMicroelectronics NV		4,708
	37,592	*	STS Semiconductor & Telecommunications		99
	17,661		Sumco Corp		137

148

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	930,265	*	SunEdison, Inc	$	17,526
	1,407,000	*	Sunplus Technology Co Ltd		597
	581,128	*,e	SunPower Corp		18,747
	38,778		Supertex, Inc		1,279
	2,906,100		SVI PCL		389
	48,216,860		Taiwan Semiconductor Manufacturing Co Ltd		189,711
	854,367		Taiwan Surface Mounting Technology Co Ltd		1,270
	418,707	*,e	Teradyne, Inc		8,328
	205,415		Tessera Technologies, Inc		4,854
	2,720,299		Texas Instruments, Inc		128,262
	30,661	*	Theragen Etex Co Ltd		204
	179,390		Tokyo Electron Ltd		11,149
	43,300		Tokyo Seimitsu Co Ltd		762
	551,620		Topco Scientific Co Ltd		1,078
	8,696		Toptec Co Ltd		111
	153,608		Transcend Information, Inc		500
	623,430	*	Triquint Semiconductor, Inc		8,348
	1,746,000	*,m	Trony Solar Holdings Co Ltd.		2
	18,613		U-Blox AG.		2,560
	137,700		Ubright Optronics Corp		320
	10,200		UKC Holdings Corp		176
	114,602	*	Ultra Clean Holdings		1,507
	87,997	*	Ultratech, Inc		2,569
	73,000	*	Ulvac, Inc		1,491
	2,008,000		Unisem M BHD		634
	21,897,822		United Microelectronics Corp		9,296
	3,822,000	*,e	United Photovoltaics Group Ltd		400
	408,029		Unity Opto Technology Co Ltd		493
	745,000		Vanguard International Semiconductor Corp		1,114
	145,827	*,e	Veeco Instruments, Inc		6,115
	413,500	*	Via Technologies, Inc		331
	321,425		Visual Photonics Epitaxy Co Ltd		309
	298,833	*	Wafer Works Corp		164
	429,000	*	Walton Advanced Engineering, Inc		165
	814,737		Win Semiconductors Corp		705
	3,587,000	*	Winbond Electronics Corp		941
	2,650,597		Xilinx, Inc		143,848
	4,288,785	*	Xinyi Solar Holdings Ltd		1,287
	101,313		Youngtek Electronics Corp		218
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		2,950,541
SOFTWARE & SERVICES - 7.9%
	210,288	*	Accelrys, Inc		2,620
	2,840,750		Accenture plc		226,465
	40,400	*,e	Access Co Ltd		244
	124,295	*	ACI Worldwide, Inc		7,357
	1,426,032		Activision Blizzard, Inc		29,148
	6,394	*	Actoz Soft Co Ltd		224
	191,555	*	Actuate Corp		1,153
	274,439	*	Acxiom Corp		9,439
	2,095,066	*	Adobe Systems, Inc		137,730
	101,274		Advent Software, Inc		2,973

149

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	7,356,000	*,e	AGTech Holdings Ltd	$	1,674
	9,267		Ahnlab, Inc		449
	542,187	*	Akamai Technologies, Inc		31,561
	591,784	*	Alliance Data Systems Corp		161,232
	295,047		Alpha Systems, Inc		4,426
	51,799		Alten		2,782
	172,504		Altran Technologies S.A.		1,949
	689,226		Amadeus IT Holding S.A.		28,641
	679,076	e	Amdocs Ltd		31,550
	72,664		American Software, Inc (Class A)		739
	144,031	*,e	Angie’s List, Inc		1,754
	345,389		Anite plc		456
	209,905	*	Ansys, Inc		16,167
	343,814		AOL, Inc		15,049
	1,100,000	*	ASG Group Ltd		388
	536,030	*	Aspen Technology, Inc		22,706
	122,836		Asseco Poland S.A.		1,906
	323,325		Atos Origin S.A.		29,218
	845,096	*	Autodesk, Inc		41,562
	1,286,932		Automatic Data Processing, Inc		99,428
	186,762		Aveva Group plc		6,524
	166,870	*	AVG Technologies NV		3,498
	9,810		Axway Software S.A.		304
	31,764		Babylon Ltd		50
	178,456	*	Bankrate, Inc		3,023
	10,977	*,e	Barracuda Networks, Inc		373
	162,427	*	Bazaarvoice, Inc		1,186
	39,381		Bechtle AG.		3,390
	16,490	*,e	Benefitfocus, Inc		775
	17,800	e	Bit-isle, Inc		106
	145,125		Blackbaud, Inc		4,542
	37,533	*,e	Blackhawk Network Holdings, Inc		915
	2,102,028	*,e	Blinkx plc		3,956
	140,030	*	Blucora, Inc		2,757
	64,993		Booz Allen Hamilton Holding Co		1,430
	120,109	*,e	Bottomline Technologies, Inc		4,222
	106,987	*	Brightcove, Inc		1,052
	27,800		Broadleaf Co Ltd		433
	362,855		Broadridge Financial Solutions, Inc		13,476
	88,235	*,e	BroadSoft, Inc		2,359
	1,071,577		CA, Inc		33,187
	88,650	*	CACI International, Inc (Class A)		6,542
	604,672	*	Cadence Design Systems, Inc		9,397
	119,960	*	Callidus Software, Inc		1,502
	14,807		CANCOM SE		703
	474,579		Cap Gemini S.A.		35,929
	52,086	e	Capcom Co Ltd		988
	41,787	*,e	Carbonite, Inc		426
	210,811	*	Cardtronics, Inc		8,190
	11,457	*	Care.com, Inc		190
	222,724		carsales.com.au Ltd		2,247
	31,887		Cass Information Systems, Inc		1,644

150

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	150,713	*	CD Projekt Red S.A.	$	764
	11,554		Cegid Group		473
	321,172	*	CGI Group, Inc		9,916
	19,169	*	ChannelAdvisor Corp		723
	44,121	*,e	Chegg, Inc		309
	21,732,000	*	China Public Procurement Ltd		1,305
	1,420,000	*,e	Chinasoft International Ltd		456
	25,000		Chinese Gamer International Corp		57
	322,876	*	Ciber, Inc		1,479
	820,444		Cielo S.A.		26,146
	902,858	*	Citrix Systems, Inc		51,851
	1,831,484	*	Cognizant Technology Solutions Corp (Class A)		92,691
	53,900	*,e	COLOPL, Inc		1,424
	6,994	*	Com2uSCorp		185
	283,692	*,e	Commvault Systems, Inc		18,426
	164,300		Computacenter plc		1,804
	777,739		Computer Sciences Corp		47,302
	47,447		Computer Task Group, Inc		806
	809,533		Computershare Ltd		9,104
	1,506,777		Compuware Corp		15,821
	195,550	*	comScore, Inc		6,412
	86,870	*	Comverse, Inc		3,004
	116,341	*,e	Concur Technologies, Inc		11,526
	96,408	*	Constant Contact, Inc		2,358
	38,433		Constellation Software, Inc		9,317
	394,804		Convergys Corp		8,650
	283,151	*,e	Conversant, Inc		7,971
	133,919	*	Cornerstone OnDemand, Inc		6,411
	96,891	*	CoStar Group, Inc		18,093
	19,206	*,e	Covisint Corp		141
	6,100	*,e	CROOZ, Inc		273
	1,077,869	e	CSE Global Ltd		506
	119,750		CSG Systems International, Inc		3,118
	31,253	*	Cvent, Inc		1,130
	31,433	*,e	Cyan, Inc		134
	164,567		Cyberlink Corp		501
	15,785	*	Danal Co Ltd		174
	41,050		Daou Technology, Inc		553
	61,429		Dassault Systemes S.A.		7,188
	56,999	*	Datalink Corp		794
	17,205		Daum Communications		1,265
	103,616	e	Davis & Henderson Income Fund		2,898
	142,430	*	DealerTrack Holdings, Inc		7,006
	141,197	*,e	Demand Media, Inc		685
	65,672	*	Demandware, Inc		4,207
	818,066	e	Dena Co Ltd		14,777
	124,679	*,e	Dice Holdings, Inc		930
	40,200	e	Digital Garage, Inc		686
	133,171	*	Digital River, Inc		2,321
	75,169	*,e	Diligent Board Member Services		271
	21,750		DMRC Corp		683
	280,496		DST Systems, Inc		26,588

151

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	21,500		DTS Corp	$	376
	11,080		DuzonBIzon Co Ltd		118
	36,100	e	Dwango Co Ltd		1,204
	47,348	*,e	E2open, Inc		1,116
	397,421		EarthLink Holdings Corp		1,435
	4,489,648	*	eBay, Inc		248,008
	12,147	e	Ebix, Inc		207
	57,688	e	Econocom Group		663
	90,108	*,e	eGain Corp		636
	999,875	*	Electronic Arts, Inc		29,006
	102,561	*,e	Ellie Mae, Inc		2,958
	169,020		Ementor ASA		1,857
	67,599	*,e	Endurance International Group Holdings, Inc		879
	10,194		Engineering Ingegneria Informatica S.p.A.		744
	110,201	*	Envestnet, Inc		4,428
	118,601		EOH Holdings Ltd		929
	73,401	*	EPAM Systems, Inc		2,415
	121,592		EPIQ Systems, Inc		1,657
	13,838		ePlus, Inc		772
	92,308	*	Equinix, Inc		17,062
	155,377	*	Euronet Worldwide, Inc		6,462
	152,482		EVERTEC, Inc		3,766
	163,248	*	ExlService Holdings, Inc		5,046
	91,200	e	F@N Communications, Inc		1,628
	8,433,560	*,z	Facebook, Inc		508,038
	202,334	e	Factset Research Systems, Inc		21,814
	158,317		Fair Isaac Corp		8,758
	924,150		Fidelity National Information Services, Inc		49,396
	57,802		Fidessa Group plc		2,445
	36,360	*,e	FireEye, Inc		2,239
	762,729	*	First American Corp		22,912
	729,823	*	Fiserv, Inc		41,374
	654,273	*	FleetCor Technologies, Inc		75,307
	54,270	*,e	FleetMatics Group plc		1,815
	43,474		Forrester Research, Inc		1,559
	1,430,399	*	Fortinet, Inc		31,512
	197,767	e	F-Secure Oyj		655
	44,300		FUJI SOFT, Inc		942
	5,339,048	*	Fujitsu Ltd		32,272
	39,300		Future Architect, Inc		236
	13,393	*	GameHi Co Ltd		103
	163,139	*,e	GameLoft		1,728
	4,843	*	Gamevil, Inc		309
	198,993	*	Gartner, Inc		13,818
	418,894		Genpact Ltd		7,297
	141,205	*,m	Gerber Scientific, Inc		0	^
	74,020	*	Gigamon, Inc		2,249
	251,820	*	Global Cash Access, Inc		1,727
	73,185	*	Global Eagle Entertainment, Inc		1,155
	310,446		Global Payments, Inc		22,076
	929,897	*,e	Globo plc		701
	208,736	*,e	Glu Mobile, Inc		989

152

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	76,800		GMO internet, Inc	$	765
	90,000		GMO Payment Gateway, Inc		3,835
	35,052	*,e	Gogo, Inc		720
	18,501		Golfzon Co Ltd		367
	1,209,085	*	Google, Inc (Class A)		1,347,537
	34,000		Gourmet Navigator, Inc		477
	650,000	*,e	Gravity Co Ltd (ADR)		650
	127,878	e	Gree, Inc		1,414
	36,189		Groupe Steria SCA		730
	55,325	*,e	Guidance Software, Inc		612
	246,505	*	Guidewire Software, Inc		12,091
	1,072,900	e	GungHo Online Entertainment Inc		5,832
	14,999		Haansoft, Inc		331
	96,894		Hackett Group, Inc		579
	452,590		HCL Technologies Ltd		10,546
	116,084	e	Heartland Payment Systems, Inc		4,812
	256,627		Hexaware Technologies Ltd		648
	102,513	*,e	Higher One Holdings, Inc		741
	67,702		HIQ International AB		413
	526,576		IAC/InterActiveCorp		37,592
	194,146	*	iGate Corp		6,123
	67,221	*	Imperva, Inc		3,744
	498,333	*	Indian Infotech & Software Ltd.		49
	115,818		Indra Sistemas S.A.		2,327
	34,777		Industrial & Financial Systems		982
	600,393		Ines Corp		4,125
	283,230	*	Infoblox, Inc		5,682
	592,200	*	Infomart Corp		9,895
	490,255	*	Informatica Corp		18,522
	202,400		Information Development Co		1,258
	18,000		Information Services International-Dentsu Ltd		219
	776,764		Infosys Technologies Ltd		42,512
	82,205	*	Infraware, Inc		675
	10,680		Init Innovation In Traffic Sys		345
	1,176,680	*	Innovation Group plc		682
	49,826	*	Interactive Intelligence, Inc		3,612
	205,324	*	Internap Network Services Corp		1,454
	3,267,347		International Business Machines Corp		628,932
	42,300	e	Internet Initiative Japan, Inc		1,019
	1,712,589		Intuit, Inc		133,120
	534,146		Iress Market Technology Ltd		4,264
	162,660		IT Holdings Corp		2,669
	29,011	e	Itochu Techno-Science Corp		1,225
	145,982	e	j2 Global, Inc		7,306
	181,335		Jack Henry & Associates, Inc		10,111
	7,374		JCEntertainment Corp		179
	125,076	*,e	Jive Software, Inc		1,002
	4,799	*	Joymax Co Ltd		126
	555,251	*	Just Dial Ltd		14,437
	27,200	*	Justsystems Corp		210
	353,700	*,e	Kakaku.com, Inc		5,750
	11,067		Kginicis Co Ltd		178

153

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	223,142	*	King Digital Entertainment plc	$	4,059
	2,704,000	*,e	Kingdee International Software Group Co Ltd		1,039
	904,000	e	Kingsoft Corp Ltd		3,580
	109,805	*	Knot, Inc		1,113
	184,317	e	Konami Corp		4,253
	34,112	*	KT Hitel Co Ltd		267
	146,346	e	Leidos Holdings, Inc		5,176
	217,989	*	Limelight Networks, Inc		475
	285,698	*	LinkedIn Corp		52,837
	171,200		Linx S.A.		3,366
	180,281	*	Lionbridge Technologies		1,210
	79,123	*,e	Liquidity Services, Inc		2,061
	254,760	*	Liveperson, Inc		3,075
	14,000	*,e	Livesense, Inc		169
	76,152	*	LogMeIn, Inc		3,418
	25,571	*	Luxoft Holding, Inc		897
	54,860	*,e	magicJack VocalTec Ltd		1,165
	76,620		Mail.ru (GDR)		2,717
	363,233	*	Manhattan Associates, Inc		12,724
	89,610	e	Mantech International Corp (Class A)		2,635
	88,868		Marchex, Inc (Class B)		934
	30,732	*,e	Marin Software, Inc		325
	26,030	*,e	Marketo, Inc		850
	5,816,855		Mastercard, Inc (Class A)		434,519
	42,075		Matrix IT Ltd		243
	15,794	*,e	Mavenir Systems, Inc		283
	311,105		MAXIMUS, Inc		13,956
	363,837		Mentor Graphics Corp		8,012
	200,529		Micro Focus International plc		2,778
	162,882	*	Micros Systems, Inc		8,621
	34,412,133	z	Microsoft Corp		1,410,553
	43,567	*	MicroStrategy, Inc (Class A)		5,027
	107,458	*,e	Millennial Media, Inc		744
	14,399		MindTree Ltd		319
	83,188	*,e	Mitek Systems, Inc		322
	6,900		Mitsubishi Research Institute, Inc		139
	100,000	e	Mitsui Knowledge Industry Co Ltd		149
	26,908	*,e	Model N, Inc		272
	141,655	*,e	ModusLink Global Solutions, Inc		599
	92,849	*	MoneyGram International, Inc		1,639
	640,409		Moneysupermarket.com Group plc		1,999
	8,996,806	*	Monitise plc		10,662
	903,200		Mono Technology PCL		231
	140,735		Monotype Imaging Holdings, Inc		4,242
	377,463	*	Monster Worldwide, Inc		2,823
	123,925	*	Move, Inc		1,433
	420,800		My EG Services BHD		365
	50,792		Naver Corp		37,112
	39,199		NCsoft		8,047
	32,400		NEC Networks & System Integration Corp		658
	10,877		Nemetschek AG.		898
	15,903	*	Neowiz Games Corp		245
	1,447	*,e	Net Element International, Inc		5

154

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	33,617		Net Entertainment NE AB	$	800
	104,600	e	NET One Systems Co Ltd		710
	268,500		NetDragon Websoft, Inc		486
	43,500	e	Netease.com (ADR)		2,928
	177,822	*	Netscout Systems, Inc		6,683
	154,369	*	NetSuite, Inc		14,639
	302,021	*,e	NeuStar, Inc (Class A)		9,819
	455,400		Nexon Co Ltd		3,825
	14,223	*	NHN Entertainment Corp		1,287
	300,603		NIC, Inc		5,805
	51,647		Nice Systems Ltd		2,303
	11,300		NIFTY Corp		127
	182,400		Nihon Unisys Ltd		1,779
	17,491		NIIT Technologies Ltd		118
	91,561		Nintendo Co Ltd		10,945
	46,100		Nippon System Development Co Ltd		577
	166,211		Nomura Research Institute Ltd		5,243
	17,400		NS Solutions Corp		395
	180,200		NTT Data Corp		6,993
	588,367	*,e	Nuance Communications, Inc		10,102
	11,500		OBIC Business Consultants Ltd		388
	120,200		Obic Co Ltd		3,793
	349,041		Open Text Corp		16,677
	105,054	*,e	OpenTable, Inc		8,082
	314,120		Opera Software ASA		4,090
	196,330	*	Optimal Payments plc		1,178
	13,057,724		Oracle Corp		534,191
	47,960		Oracle Corp Japan		2,175
	41,732		Otsuka Corp		5,443
	930,700	e	Pacific Online		577
	1,248,005	*	Pandora Media, Inc		37,840
	683,991		Paychex, Inc		29,138
	94,832		PC Home Online		712
	270,000	e	PCA Corp		3,213
	118,116		Pegasystems, Inc		4,172
	140,429	*	Perficient, Inc		2,545
	137,347	*	Planet Payment, Inc		376
	387,765		Playtech Ltd		4,378
	116,000		Polaris Software Lab Ltd		375
	104,914		POSDATA Co Ltd		877
	105,867	*	PRG-Schultz International, Inc		734
	185,891	*	Progress Software Corp		4,052
	96,994	*,e	Proofpoint, Inc		3,597
	74,234	*	PROS Holdings, Inc		2,339
	28,564		PSI AG. Gesellschaft Fuer Produkte und Systeme der Informationstechnologie		533
	503,088	*	PTC, Inc		17,824
	24,749		QAD, Inc (Class A)		506
	632,105	*	QLIK Technologies, Inc		16,808
	84,672	*	Qualys, Inc		2,153
	5,538,403	*,e	Quindell Portfolio plc		3,393

155

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	124,752	*,e	QuinStreet, Inc	$	828
	552,867	*,e	Rackspace Hosting, Inc		18,145
	22,463	*	Rally Software Development Corp		301
	92,717	*,e	RealNetworks, Inc		703
	146,840	*,e	RealPage, Inc		2,667
	1,369,199	*	Red Hat, Inc		72,540
	101,000	*,e	Redknee Solutions, Inc		504
	27,151	*	Reis, Inc		490
	13,066		Reply S.p.A.		1,161
	15,649	*,e	Rocket Fuel, Inc		671
	33,641	*,e	Rosetta Stone, Inc		377
	389,394	*	Rovi Corp		8,870
	1,134,110		Sage Group plc		7,910
	2,965,935	*	Salesforce.com, Inc		169,325
	1,404,100		Samart Corp PCL		794
	1,085,057		SAP AG.		88,015
	56,599		Sapiens International Corp NV		459
	541,517	*	Sapient Corp		9,238
	20,016		SBSi Co Ltd		344
	181,607		Science Applications International Corp		6,790
	68,455	*	Sciquest, Inc		1,849
	89,276		SDL plc		508
	127,362	*	Seachange International, Inc		1,330
	259,832	*	ServiceNow, Inc		15,569
	190,251	*,e	ServiceSource International LLC		1,606
	479,630		Shanghai Baosight Software Co Ltd		889
	25,493	*,e	Shutterstock, Inc		1,851
	22,365	*,e	Silver Spring Networks, Inc		389
	55,731		SimCorp AS		2,259
	76,419	*	Sina Corp		4,616
	27,347		SK C&C Co Ltd		3,850
	14,948	*	SK Communications Co Ltd		101
	11,200	*,e	SMS Co Ltd		218
	160,210		SMS Management & Technology Ltd		529
	79,295		Software AG.		2,877
	108,540		Soft-World International Corp		363
	531,181	*	SolarWinds, Inc		22,644
	183,311		Solera Holdings, Inc		11,611
	816,667		Sonda S.A.		1,980
	11,938		Sopra Group S.A.		1,424
	64,495	*,e	Spark Networks, Inc		337
	509,037	*	Splunk, Inc		36,391
	49,531	*,e	SPS Commerce, Inc		3,044
	81,227	e	Square Enix Co Ltd		1,672
	244,401	*	SS&C Technologies Holdings, Inc		9,781
	55,069	*	Stamps.com, Inc		1,848
	57,442		Sumisho Computer Systems Corp		1,549
	1,475,000	e	SUNeVision Holdings Ltd		484
	154,408	*	SupportSoft, Inc		394
	154,090	*	Sykes Enterprises, Inc		3,062
	1,522,209		Symantec Corp		30,399
	93,559	*	Synchronoss Technologies, Inc		3,208

156

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	337,840	*	Synopsys, Inc	$	12,976
	90,414	*	Syntel, Inc		8,128
	19,800		Systena Corp		142
	356,000		Systex Corp		835
	145,423	*	TA Indigo Holding Corp		1,488
	153,979	*	Tableau Software, Inc		11,715
	617,708	*	Take-Two Interactive Software, Inc		13,546
	100,153	*,e	Tangoe, Inc		1,862
	739,391		Tata Consultancy Services Ltd		26,419
	158,267		Tech Mahindra Ltd		4,764
	27,963	*	TechTarget, Inc		202
	218,375		Tecmo Koei Holdings Co Ltd		2,956
	253,691		Telecity Group plc		2,956
	154,883	*,e	TeleCommunication Systems, Inc (Class A)		356
	72,839	*	TeleNav, Inc		434
	80,477	*	TeleTech Holdings, Inc		1,972
	83,111		Temenos Group AG.		2,928
	2,157,400	e	Tencent Holdings Ltd		150,587
	349,510	*	Teradata Corp		17,192
	1,943		Tessi S.A.		234
	17,424	*,e	Textura Corp		439
	351,759	*	TIBCO Software, Inc		7,148
	77,857	e	Tietoenator Oyj		2,000
	746,772	*	TiVo, Inc		9,880
	545,857		Total System Services, Inc		16,600
	132,400		Totvus S.A.		2,077
	26,300	*	Trans Cosmos, Inc/Japan		545
	2,277,999		Travelsky Technology Ltd		2,023
	62,907	*	Travelzoo, Inc		1,441
	16,158	*,e	Tremor Video, Inc		67
	182,660		Trend Micro, Inc		5,644
	87,502	*,e	Trulia, Inc		2,905
	194,345	*,e	Twitter, Inc		9,070
	142,281	*	Tyler Technologies, Inc		11,906
	295,855	*	Ubisoft Entertainment		5,291
	91,055	*	Ultimate Software Group, Inc		12,475
	167,346	*	Unisys Corp		5,097
	72,257		United Internet AG.		3,389
	124,498		United Online, Inc		1,439
	12,100	*,e	UNITED, Inc		179
	319,040	*,e	Unwired Planet, Inc		692
	283,145		UXC Ltd		225
	786,226	*	Vantiv, Inc		23,760
	1,670	*	Varonis Systems, Inc		60
	114,946	*	Vasco Data Security International		867
	201,492	*	VeriFone Systems, Inc		6,814
	245,880	*	Verint Systems, Inc		11,539
	627,326	*,e	VeriSign, Inc		33,819
	132,103	*,e	VirnetX Holding Corp		1,873
	78,434	*	Virtusa Corp		2,628
	2,625,439	e	Visa, Inc (Class A)		566,727
	396,949	*,e	VistaPrint Ltd		19,538

157

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	941,214	*,e	VMware, Inc (Class A)	$	101,670
	67,112	*	Vocus, Inc		895
	4,114,000	*,e	VODone Ltd		447
	263,300	*,e	Vringo, Inc		914
	36,297	*	WANdisco plc		629
	87,852	*,e	WebMD Health Corp (Class A)		3,637
	131,227	*	Website Pros, Inc		4,466
	17,589	*	Webzen, Inc		108
	70,004	*	WeMade Entertainment Co Ltd		3,154
	1,388,778	e	Western Union Co		22,720
	969,338		Wipro Ltd		8,885
	191,880		Wirecard AG.		7,967
	22,057	*,e	Wix.com Ltd		507
	652,912	*	Workday, Inc		59,696
	529,295		Xchanging plc		1,465
	107,705	*,e	Xero Ltd		3,690
	4,882,625		Xerox Corp		55,174
	2,938		XING AG.		422
	34,500		X-Legend Entertainment Co Ltd		216
	25,203	*	Xoom Corp		492
	1,843,600		Yahoo! Japan Corp		9,032
	4,890,509	*	Yahoo!, Inc		175,569
	88,741	*,e	Yandex NV		2,679
	278,569	*	Yelp, Inc		21,430
	14,950	*,e	YuMe, Inc		109
	72,609	*,e	Zillow, Inc		6,397
	200,107	*	Zix Corp		828
	5,996,603	*,e	Zynga, Inc		25,785
			TOTAL SOFTWARE & SERVICES		9,998,702
TECHNOLOGY HARDWARE & EQUIPMENT - 4.8%
	247,171	*,e	3D Systems Corp		14,620
	55,933	*	3S Korea Co Ltd		319
	911,000	e	AAC Technologies Holdings, Inc		4,729
	1,171,292		Accton Technology Corp		655
	2,738,274	*	Acer, Inc		1,617
	78,320	*	Acme Electronics Corp		131
	252,370		Adlink Technology, Inc		491
	223,822		Adtran, Inc		5,463
	52,403	*	ADVA AG. Optical Networking		240
	49,000		Advanced Ceramic X Corp		248
	304,475		Advantech Co Ltd		1,978
	58,835	*	Agilysys, Inc		788
	49,300		Ai Holdings Corp		871
	6,692,585	*,e	Alcatel S.A.		26,357
	7,119,102		Alcatel-Lucent (ADR)		27,764
	50,846	e	Alliance Fiber Optic Products, Inc		736
	1,786,000		Alpha Networks, Inc		1,524
	274,700	*	Alps Electric Co Ltd		3,270
	77,500		Amano Corp		800
	450,226		Amphenol Corp (Class A)		41,263
	102,145		Anixter International, Inc		10,370

158

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	160,900		Anritsu Corp	$	1,846
	3,799,018		Apple, Inc		2,039,085
	11,181	*	Applied Optoelectronics, Inc		276
	193,676		Arcadyan Technology Corp		343
	76,218		Arima Communications Corp		40
	463,774	*	ARRIS Group, Inc		13,069
	429,468	*	Arrow Electronics, Inc		25,493
	524,301	*,e	Aruba Networks, Inc		9,831
	119,223		Ascom Holding AG.		2,450
	135,000	*	Asia Optical Co, Inc		143
	3,804,464		Asia Vital Components Co Ltd		2,771
	100,000		ASROCK, Inc		401
	2,244,461		Asustek Computer, Inc		22,240
	118,000		Aten International Co Ltd		387
	9,560,153	*	AU Optronics Corp		3,385
	40,142	*	Audience, Inc		502
	19,295		Austria Technologie & Systemtechnik AG.		233
	235,000		AV Tech Corp		649
	35,100	*	Avigilon Corp		908
	245,102		Avnet, Inc		11,405
	89,101		AVX Corp		1,174
	78,404	*	AX Holding Corp		652
	48,927	e	Axis Communications AB		1,679
	46,962		Badger Meter, Inc		2,588
	26,801		Barco NV		2,147
	40,389		Bel Fuse, Inc (Class B)		885
	143,804		Belden CDT, Inc		10,009
	261,141	*	Benchmark Electronics, Inc		5,915
	2,325,000	*	Benq Corp		773
	62,056		Black Box Corp		1,510
	416,106	*,e	Blackberry Ltd		3,362
	176,031	*	Blackberry Ltd (New)		1,425
	288,000		Boardtek Electronics Corp		346
	2,732,000		Broad Intelligence International Pharmaceutical Holdings Ltd		423
	2,177,731	*	Brocade Communications Systems, Inc		23,106
	176,932		Brother Industries Ltd		2,474
	103,024	*,e	Bull S.A.		509
	1,509,500	*,e	BYD Electronic International Co Ltd		885
	200,024	*	CalAmp Corp		5,575
	1,422,928		CalComp Electronics Thailand PCL		120
	355,435	*	Calix Networks, Inc		2,996
	26,100	*	Canon Electronics, Inc		455
	1,669,583		Canon, Inc		51,817
	372,000		Career Technology Co Ltd		413
	2,773,853		Catcher Technology Co Ltd		20,141
	266,000	*	Catic Shenzhen Holdings Ltd		100
	101,620		CDW Corp		2,788
	381,285	*	Celestica, Inc		4,173
	267,156		Chang Wah Electromaterials, Inc		736
	155,249	*	Checkpoint Systems, Inc		2,083
	1,525,402		Cheng Uei Precision Industry Co Ltd		3,238

159

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	491,949		Chicony Electronics Co Ltd	$	1,278
	1,042,108		Chimei Materials Technology Corp		1,203
	3,714,000	e	China Aerospace International Holdings Ltd		379
	1,434,000	e	China All Access Holdings Ltd		633
	1,631,000	e	China ITS Holdings Co Ltd		295
	868,000		Chin-Poon Industrial Co		1,583
	533,840		Chroma ATE, Inc		1,275
	2,466,440	*,e	Ciena Corp		56,087
	17,478,911		Cisco Systems, Inc		391,703
	407,779		Citizen Watch Co Ltd		3,066
	530,073		Clevo Co		1,050
	2,783,000	*	CMC Magnetics Corp		439
	395,098		Cognex Corp		13,378
	90,215		Coherent, Inc		5,896
	1,280,299	*,e	Comba Telecom Systems Holdings Ltd		336
	82,657	*	CommScope Holding Co, Inc		2,040
	4,535,948		Compal Electronics, Inc		3,218
	2,650,000		Compeq Manufacturing Co		1,580
	65,272		Comtech Telecommunications Corp		2,080
	11,530	*,e	Control4 Corp		245
	4,028,000		Coolpad Group Ltd		1,985
	2,115,000		Coretronic Corp		2,532
	3,112,526		Corning, Inc		64,803
	161,000		Coxon Precise Industrial Co Ltd		286
	135,738	*	Cray, Inc		5,066
	461,185	*	CrucialTec Co Ltd		5,503
	127,308		CTS Corp		2,658
	315,000		CyberTAN Technology, Inc		335
	123,380		Daeduck Electronics Co		856
	16,040		Daeduck GDS Co Ltd		249
	7,800	e	Dai-ichi Seiko Co Ltd		93
	1,111,000		Daiwabo Co Ltd		1,937
	136,251		Daktronics, Inc		1,961
	266,000		Darfon Electronics Corp		194
	8,795		Datalogic S.p.A.		112
	309,143		DataTec Ltd		1,433
	1,656,500		Delta Electronics Thai PCL		3,021
	2,725,464		Delta Electronics, Inc		16,879
	148,000		Denki Kogyo Co Ltd		902
	40,832		Dialight plc		618
	117,580		Diebold, Inc		4,690
	97,324	*	Digi International, Inc		988
	1,181,000	e	Digital China Holdings Ltd		1,193
	10,758		Digital Multimedia Technologies S.p.A.		637
	228,832		Diploma plc		2,739
	744,000		D-Link Corp		530
	64,323	e	Dolby Laboratories, Inc (Class A)		2,862
	176,189		Domino Printing Sciences		2,313
	57,982	*,e	DTS, Inc		1,146
	476,000		Dynapack International Technology Corp		1,259
	320,900		Eastern Communications Co Ltd		165
	95,256	*	EchoStar Corp (Class A)		4,530

160

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	16,971		Eizo Nanao Corp	$	445
	65,375		Electro Rent Corp		1,150
	86,827		Electro Scientific Industries, Inc		855
	947,695		Electrocomponents plc		4,486
	229,347	*	Electronics for Imaging, Inc		9,933
	68,654		Elite Material Co Ltd		63
	703,080		Elitegroup Computer Systems Co Ltd		524
	551,066		Ellies Holdings Ltd		224
	6,642,180		EMC Corp		182,062
	315,787	*	Emulex Corp		2,334
	9,200		Enplas Corp		516
	168,900	*	Entire Technology Co Ltd		187
	5,953,403	e	Ericsson (LM) (B Shares)		79,403
	32,407		Esprinet S.p.A.		339
	14,420		EVS Broadcast Equipment S.A.		935
	31,663	*,e	Exfo Electro Optical Engineering, Inc		157
	340,181	*	Extreme Networks, Inc		1,973
	1,378,052	*	F5 Networks, Inc		146,942
	107,751	*,e	Fabrinet		2,238
	76,608	*	FARO Technologies, Inc		4,060
	169,235		FEI Co		17,435
	4,685,000	*	FIH Mobile Ltd		2,589
	410,837	*,e	Fingerprint Cards AB		3,435
	817,481	*,e	Finisar Corp		21,671
	169,799		Firich Enterprises Co Ltd		963
	11,221	*	Flexcom Inc		121
	256,034		FLEXium Interconnect, Inc		764
	2,124	*	Flextronics International Ltd		20
	293,184		Flir Systems, Inc		10,555
	165,508		Flytech Technology Co Ltd		681
	936,126		Foxconn Technology Co Ltd		2,212
	1,377,582		Fujifilm Holdings Corp		36,977
	266,295	*,e	Fusion-io, Inc		2,801
	247,153		G Tech Optoelectronics Corp		316
	72,262	e	Gemalto NV		8,422
	1,168,913		Gemtek Technology Corp		1,166
	67,252		GeoVision, Inc		452
	319,000		Getac Technology Corp		179
	1,782,000		Gigabyte Technology Co Ltd		2,632
	228,986	*	Gigastorage Corp		281
	547,613	*	Global Brands Manufacture Ltd		195
	28,800		Global Display Co Ltd		317
	532,000	*	Great Wall Technology Co Ltd		207
	119,916	*	GSI Group, Inc		1,566
	12,900		Hakuto Co Ltd		121
	487,068		Halma plc		4,682
	16,841		Hamamatsu Photonics KK		760
	102,838		Hannstar Board Corp		38
	3,693,000	*	HannStar Display Corp		1,392
	401,624	*	Harmonic, Inc		2,868
	429,031		Harris Corp		31,388
	244,750	*	Harris Stratex Networks, Inc (Class A)		389

161

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,552,251		Hewlett-Packard Co	$	309,111
	30,039		Hexagon AB (B Shares)		1,021
	783,904		High Tech Computer Corp		3,946
	9,100		Hioki EE Corp		136
	323,000		Hi-P International Ltd		141
	48,804		Hirose Electric Co Ltd		6,710
	51,390		Hitachi High-Technologies Corp		1,197
	242,000		Hitachi Kokusai Electric, Inc		2,909
	11,834,000		Hitachi Ltd		87,596
	787,100		Holystone Enterprise Co Ltd		1,144
	22,773,673		Hon Hai Precision Industry Co, Ltd		64,671
	43,095		Horiba Ltd		1,628
	90,900		Hosiden Corp		447
	698,396		Hoya Corp		21,847
	13,090		Humax Co Ltd		162
	97,066	*	Hutchinson Technology, Inc		275
	314,801		Ibiden Co Ltd		6,211
	155,000		Ichia Technologies, Inc		120
	9,500		Icom, Inc		218
	203,280		ICP Electronics, Inc		402
	27,360	*	Iljin Materials Co Ltd		318
	145,369	*	Imation Corp		839
	166,624	*	Immersion Corp		1,758
	3,964		Inficon Holding AG.		1,468
	371,960	*,e	Infinera Corp		3,377
	404,000		Infortrend Technology, Inc		280
	48,636	e	Ingenico		4,546
	689,495	*	Ingram Micro, Inc (Class A)		20,381
	7,540,539	*	InnoLux Display Corp		2,596
	191,973	*	Insight Enterprises, Inc		4,820
	869,000		Inspur International Ltd		166
	23,123		Intelligent Digital Integrated Securities Co Ltd		406
	126,993	e	InterDigital, Inc		4,205
	8,269	*	Interflex Co Ltd		160
	3,206	*,e	Intevac, Inc		31
	18,822		INTOPS Co Ltd		389
	179,312	*,e	InvenSense, Inc		4,244
	2,580,023		Inventec Co Ltd		2,547
	112,140	e	IPG Photonics Corp		7,971
	13,100		Iriso Electronics Co Ltd		707
	34,930		IsuPetasys Co Ltd		174
	18,800	e	ITC Networks Corp		149
	682,357		ITEQ Corp		772
	149,517	*,e	Itron, Inc		5,314
	21,751		Ituran Location and Control Ltd		541
	178,829	*	Ixia		2,235
	364,040		Jabil Circuit, Inc		6,553
	37,610		Jahwa Electronics Co Ltd		638
	93,493		Japan Aviation Electronics Industry Ltd		1,393
	15,100	e	Japan Cash Machine Co Ltd		268
	22,000		Japan Digital Laboratory Co Ltd		317
	140,000	*	Japan Display, Inc		978

162

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	170,535	*	Japan Radio Co Ltd	$	652
	648,200		JCY International BHD		144
	6,485,726	*	JDS Uniphase Corp		90,800
	105,701		Jenoptik AG.		1,919
	62,700		Jentech Precision Industrial Co Ltd		247
	153,528		Jess-Link Products Co Ltd		161
	1,266,000	e	Ju Teng International Holdings Ltd		898
	1,754,216	*	Juniper Networks, Inc		45,189
	62,600		Kaga Electronics Co Ltd		866
	10,700		Kanematsu Electronics Ltd		150
	5,713	e	Kapsch TrafficCom AG.		315
	230,300		KCE Electronics PCL		219
	163,886	*	Kemet Corp		952
	20,037		Keyence Corp		8,255
	13,359		KH Vatec Co Ltd		256
	1,643,400		Kingboard Chemical Holdings Ltd		3,213
	1,940,500	e	Kingboard Laminates Holdings Ltd		712
	118,000		Kinko Optical Co Ltd		113
	11,443	*	KMW Co Ltd		170
	221,586	*	Knowles Corp		6,995
	63,800		Koa Corp		712
	10,243		KONA I Co Ltd		347
	977,000		Konica Minolta Holdings, Inc		9,140
	13,862		Korea Circuit Co Ltd		159
	99,500		Kudelski S.A.		1,444
	50,582	*	KVH Industries, Inc		666
	187,700		Kyocera Corp		8,459
	356,415		Laird Group plc		1,786
	446,762		Largan Precision Co Ltd		21,236
	954		LEM Holding S.A.		759
	7,011,400	e	Lenovo Group Ltd		7,755
	241,881		Lexmark International, Inc (Class A)		11,197
	10,939	*	LG Innotek Co Ltd		1,061
	254,872	*	LG.Philips LCD Co Ltd		6,409
	2,230,168		Lite-On Technology Corp		3,334
	102,735		Littelfuse, Inc		9,620
	177,925		Logitech International S.A.		2,658
	189,000		Lotes Co Ltd		661
	92,649		LPKF Laser & Electronics AG.		2,170
	347,575		Lumax International Corp Ltd		878
	30,800		Macnica, Inc		914
	145,000		Marubun Corp		756
	11,200		Maruwa Co Ltd		436
	85,789	*,e	Maxwell Technologies, Inc		1,108
	49,268	*	Measurement Specialties, Inc		3,343
	12,100	e	Melco Holdings, Inc		178
	126,283	*	Mercury Computer Systems, Inc		1,668
	179,882		Merry Electronics Co Ltd		987
	11,208		Mesa Laboratories, Inc		1,012
	130,763		Methode Electronics, Inc		4,009
	2,496,000		Micro-Star International Co Ltd		2,475
	211,000		MIN AIK Technology Co Ltd		1,268

163

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	865,500	*	Mitac Holdings Corp	$	806
	113,100		Mitsumi Electric Co Ltd		819
	395,396		Motorola, Inc		25,420
	49,827		MTS Systems Corp		3,413
	35,367	*	Multi-Fineline Electronix, Inc		453
	613,808		Murata Manufacturing Co Ltd		58,018
	327,000	*	Nan Ya Printed Circuit Board Corp		392
	1,150,000		Nanjing Panda Electronics		505
	206,499		National Instruments Corp		5,924
	605,284	*	NCR Corp		22,123
	2,113,382		NEC Corp		6,492
	89,900	*,e	Neonode, Inc		512
	41,168	e	Neopost S.A.		3,253
	2,322,144		NetApp, Inc		85,687
	142,637	*	Netgear, Inc		4,811
	86,526	*	Newmax Technology Co Ltd		217
	173,764	*	Newport Corp		3,593
	237,826		Nichicon Corp		1,881
	46,500		Nidec Copal Electronics Corp		302
	187	*	Nimble Storage, Inc		7
	17,100	e	Nippon Ceramic Co Ltd		294
	152,000	*	Nippon Chemi-Con Corp		475
	244,318	e	Nippon Electric Glass Co Ltd		1,259
	53,700		Nippon Signal Co Ltd		469
	31,000		Nohmi Bosai Ltd		391
	3,597,435	*,e	Nokia Corp		26,405
	7,345,729	*	Nokia Oyj		54,046
	56,700		Nolato AB (B Shares)		1,427
	37,027		Nortel Networks Netas Telekomunikasyon AS		93
	55,173	*,e	Numerex Corp		603
	1,106,000	e	Oki Electric Industry Co Ltd		2,361
	728,072		Omron Corp		30,125
	77,807	*	Oplink Communications, Inc		1,397
	17,052	*	OPTRON-TEC Inc		125
	34,000		Osaki Electric Co Ltd		197
	63,390	*	OSI Systems, Inc		3,795
	74,152		Oxford Instruments plc		1,570
	747,601		Pace plc		5,618
	102,969	*	Palo Alto Networks, Inc		7,064
	815,059		Pan-International Industrial		600
	81,030		Park Electrochemical Corp		2,420
	282,991	*,e	Parkervision, Inc		1,358
	8,171	*	Parrot S.A.		248
	65,412		Partron Co Ltd		816
	577,000	*	PAX Global Technology Ltd		295
	48,312		PC Connection, Inc		982
	74,389		PC-Tel, Inc		649
	1,736,317		Pegatron Technology Corp		2,590
	340,258	e	Pinnacle Holdings Ltd		461
	185,881		Plantronics, Inc		8,262
	132,547	*	Plexus Corp		5,311
	440,705	*	Polycom, Inc		6,046

164

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	206,000	*	Power Quotient International Co Ltd	$	103
	796,216		Premier Farnell plc		3,110
	1,320,000		Primax Electronics Ltd		1,423
	1,003,100	*	Prime View International Co Ltd		583
	74,199	*,e	Procera Networks, Inc		771
	6,913,000	*	PT Agis Tbk		284
	5,024,500		PT Erajaya Swasembada Tbk		610
	432,829	*	QLogic Corp		5,519
	6,827,252		Qualcomm, Inc		538,397
	3,359,032		Quanta Computer, Inc		9,056
	1,100,000		Quanta Storage, Inc		1,409
	784,069	*,e	Quantum Corp		957
	94,441	*	Radisys Corp		339
	125,382	*,e	RealD, Inc		1,401
	37,087		Redington India Ltd		49
	43,677		Renishaw plc		1,420
	48,160		Richardson Electronics Ltd		518
	977,478		Ricoh Co Ltd		11,332
	40,700		Riso Kagaku Corp		1,010
	3,588,000	*	Ritek Corp		575
	329,610	*	Riverbed Technology, Inc		6,497
	109,185	*,e	Rofin-Sinar Technologies, Inc		2,616
	62,539	*	Rogers Corp		3,904
	11,200		Roland DG Corp		443
	165,825	*	Ruckus Wireless, Inc		2,016
	82,700	e	Ryosan Co Ltd		1,747
	86,600		Ryoyo Electro Corp		1,113
	26,440		Sam Young Electronics Co Ltd		258
	64,524		Samsung Electro-Mechanics Co Ltd		4,216
	37,362		Samsung SDI Co Ltd		5,674
	962,999		SanDisk Corp		78,186
	335,513	*	Sandvine Corp		947
	327,502	*	Sanmina Corp		5,715
	33,200		Sanshin Electronics Co Ltd		222
	96,933	*	Sapphire Technology Co Ltd		4,186
	127,604	*	Scansource, Inc		5,202
	1,781,815		Seagate Technology, Inc		100,067
	51,500		Seiko Epson Corp		1,609
	795,000		Sercomm Corp		1,828
	12,421		SFA Engineering Corp		514
	308,800		Shanghai Potevio Co Ltd		220
	370,300	*	Shenzhen SEG Co Ltd		141
	133,100	*	Shijiazhuang Baoshi Electronic Glass Co Ltd		196
	57,876		Shimadzu Corp		514
	45,000		Shinko Shoji Co Ltd		410
	297,073	*,e	ShoreTel, Inc		2,555
	37,711	*	Sierra Wireless, Inc		823
	43,700		Siix Corp		716
	102,108	*,e	Silicon Graphics International Corp		1,254
	73,395		Silitech Technology Corp		85
	299,112		Simplo Technology Co Ltd		1,427
	787,000		Sinbon Electronics Co Ltd		1,196

165

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	6,498		Sindoh Co Ltd	$	389
	1,089,000	*	Sintek Photronic Corp		333
	329,000		Sirtec International Co Ltd		642
	17,642		S-MAC Co Ltd/Korea		174
	350,000		SMK Corp		1,324
	785,314	*	Sonus Networks, Inc		2,646
	183,839		Spectris plc		7,112
	153,879	*	Speed Commerce, Inc		560
	837,437		Spirent Communications plc		1,380
	235,759	*,e	Stratasys Ltd		25,012
	1,336,000	e	Sunny Optical Technology Group Co Ltd		1,303
	124,824	*	Super Micro Computer, Inc		2,168
	14,356	*	Suprema, Inc		325
	656,686	*	SVA Electron Co Ltd		325
	279,097	*,e	Synaptics, Inc		16,751
	119,025	*	SYNNEX Corp		7,214
	2,182,523		Synnex Technology International Corp		3,518
	203,972		Taiflex Scientific Co Ltd		388
	904,577		Taiwan PCB Techvest Co Ltd		1,214
	123,503	e	Taiyo Yuden Co Ltd		1,523
	1,031,000	*	TCL Communication Technology Holdings Ltd		1,212
	155,344		TDK Corp		6,478
	159,797		TE Connectivity Ltd		9,621
	85,068	*	Tech Data Corp		5,186
	1,354,000	*	Tech Pro Technology Development Ltd		679
	20,880		Tessco Technologies, Inc		780
	354,095		Test Research, Inc		575
	350,773	*,e	Thin Film Electronics ASA		281
	107,000	e	Toko, Inc		337
	185,625		Tong Hsing Electronic Industries Ltd		962
	7,860,000		Tongda Group Holdings Ltd		1,110
	81,200		Topcon Corp		1,329
	168,000		Toshiba TEC Corp		957
	27,400		Toyo Corp/Chuo-ku		282
	252,688		TPK Holding Co Ltd		1,503
	1,292,000		Tpv Technology Ltd		220
	2,234,000	e	Trigiant Group Ltd		622
	414,376	*	Trimble Navigation Ltd		16,107
	501,932		Tripod Technology Corp		990
	5,454,566	e	Truly International Holdings		3,679
	235,784		TT electronics plc		841
	204,418	*	TTM Technologies, Inc		1,727
	512,039		TXC Corp		686
	131,518	e	Ubiquiti Networks, Inc		5,980
	211,200		Uchi Technologies BHD		89
	11,326		Uju Electronics Co Ltd		167
	1,387,256		Unimicron Technology Corp		1,119
	29,927	*,e	Uni-Pixel, Inc		229
	253,937		Unitech Printed Circuit Board Corp		103
	125,462	*,e	Universal Display Corp		4,003
	408,795	e	Venture Corp Ltd		2,427
	126,518	*	Viasat, Inc		8,735

166

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,673	*	Viasystems Group, Inc	$	134
	44,675	*,e	Violin Memory, Inc		179
	1,062,923		Vishay Intertechnology, Inc		15,816
	47,943	*	Vishay Precision Group, Inc		833
	61,257		Vivotek, Inc		350
	1,830,800		VST Holdings Ltd		473
	278,800	e	Vtech Holdings Ltd		3,584
	176,800	e	Wacom Co Ltd		1,239
	556,000		Wah Lee Industrial Corp		1,115
	476,769	*	Walsin Technology Corp		139
	1,016,000	e	Wasion Group Holdings Ltd		725
	589,800		Weikeng Industrial Co Ltd		482
	167,540	*	Westell Technologies, Inc		618
	1,250,070		Western Digital Corp		114,781
	142,800	e	Wi-Lan, Inc		426
	97,536		Wincor Nixdorf AG.		7,010
	2,238,500	*	Wintek Corp		737
	2,414,523		Wistron Corp		1,989
	642,265		Wistron NeWeb Corp		1,450
	1,476,283		WPG Holdings Co Ltd		1,784
	912,679		WT Microelectronics Co Ltd		1,172
	150,000		Xaar plc		2,346
	15,750	*,m	Ya Hsin Industrial Co Ltd		0	^
	1,549,100	*	Yageo Corp		711
	74,993		Yamatake Corp		1,854
	131,190	e	Yaskawa Electric Corp		1,812
	99,585		Yokogawa Electric Corp		1,610
	193,000		Young Fast Optoelectronics Co Ltd		194
	44,000		Young Optics, Inc		92
	110,627	*	Zebra Technologies Corp (Class A)		7,679
	224,855		Zhen Ding Technology Holding Ltd		579
	229,000		Zinwell Corp		269
	750,447	*,e	ZTE Corp		1,462
	68,292	*	Zygo Corp		1,037
	411,000	*	Zyxel Communications		247
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		6,050,100
TELECOMMUNICATION SERVICES - 2.7%
	375,674	*	8x8, Inc		4,061
	1,590,700		Advanced Info Service PCL (Foreign)		11,109
	119,196		AFK Sistema (GDR)		2,685
	469,648		Amcon Telecommunications Ltd		907
	57,250,030		America Movil S.A. de C.V. (Series L)		56,744
	200,000		APT Satellite Holdings Ltd		236
	6,222,000		Asia Pacific Telecom Co Ltd		2,926
	13,664,837	e	AT&T, Inc		479,226
	28,400		Atlantic Tele-Network, Inc		1,872
	102,797	*,e	Avanti Communications Group plc		522
	2,451,000	*,e	Axtel SAB de C.V.		837
	567,053	e	BCE, Inc		24,426
	129,110		Belgacom S.A.		4,045
	192,427	e	Bell Aliant Regional Communications Income Fund		4,707

167

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,745,512		Bezeq Israeli Telecommunication Corp Ltd	$	17,372
	868,672		Bharti Airtel Ltd		4,623
	75,956	*,e	Boingo Wireless, Inc		515
	12,811,005		BT Group plc		81,475
	6,474,146		Cable & Wireless plc		5,681
	165,295	*	Cbeyond Communications, Inc		1,198
	153,408		Cellcom Israel Ltd		2,103
	1,348,101	e	CenturyTel, Inc		44,272
	3,093,421	e	China Communications Services Corp Ltd		1,433
	10,043,390		China Mobile Hong Kong Ltd		92,213
	18,259,289		China Telecom Corp Ltd		8,426
	5,529,301	e	China Unicom Ltd		7,296
	1,059,100	e	Chorus Ltd		1,578
	4,221,137		Chunghwa Telecom Co Ltd		12,989
	780,963	*	Cincinnati Bell, Inc		2,702
	2,064,000	e	Citic 1616 Holdings Ltd		773
	4,142,000	*	Citic 21CN Co Ltd		3,050
	146,069		Cogent Communications Group, Inc		5,190
	527,425	*	Colt Telecom Group S.A.		1,300
	121,458	e	Consolidated Communications Holdings, Inc		2,430
	1,969,434		Deutsche Telekom AG.		31,955
	8,980,300		Digi.Com BHD		14,835
	189,435		Drillisch AG.		6,880
	17,476	e	Elisa Oyj (Series A)		503
	224,999		Empresa Nacional de Telecomunicaciones S.A.		2,750
	81,352	*,e	Fairpoint Communications, Inc		1,106
	1,768,919		Far EasTone Telecommunications Co Ltd		3,744
	1,122,273		France Telecom S.A.		16,578
	270,878		Freenet AG.		9,481
	3,721,696	e	Frontier Communications Corp		21,214
	102,903	*	General Communication, Inc (Class A)		1,174
	33,300		Globe Telecom, Inc		1,237
	35,307	*,e	Hawaiian Telcom Holdco, Inc		1,006
	1,536,534	*	Hellenic Telecommunications Organization S.A.		25,362
	42,705		HickoryTech Corp		546
	2,343,593		HKT Trust and HKT Ltd		2,479
	2,062,651	e	Hutchison Telecommunications Hong Kong Holdings Ltd		687
	1,031,869		Idea Cellular Ltd		2,378
	107,031		IDT Corp (Class B)		1,783
	139,922	e	iiNET Ltd		963
	26,821		Iliad S.A.		7,734
	168,143	*	inContact, Inc		1,614
	153,915		Inmarsat plc		1,866
	201,609		Inteliquent, Inc		2,929
	44,400	*	Intelsat S.A.		831
	239,670	*,e	Iridium Communications, Inc		1,800
	5,225,500		Jasmine International PCL		1,277
	156,700		Jaymart PCL		94
	517,592	*	Jazztel plc		7,875
	789,578		Kcom Group plc		1,304
	492,750	*	KDDI Corp		28,612
	273,892		KT Corp		7,624

168

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	252,212		Let’s GOWEX SA	$	8,645
	1,699,328	*	Level 3 Communications, Inc		66,512
	254,646		LG Telecom Ltd		2,501
	50,575		Lumos Networks Corp		676
	188,488	e	M2 Telecommunications Group Ltd		1,051
	466,800	e	Magyar Telekom		634
	25,600		Manitoba Telecom Services, Inc		702
	2,406,800		Maxis BHD		5,132
	79,207	e	MegaFon OAO (GDR)		2,233
	1,076,424	*	Midas S.A.		242
	51,644		Millicom International Cellular S.A.		5,260
	587,381		Mobile TeleSystems (ADR)		10,273
	910,809		MobileOne Ltd		2,517
	40,222		Mobistar S.A.		759
	3,109,614	e	MTN Group Ltd		63,644
	780,341	*	Netia S.A.		1,315
	160,920	*	NEXTDC Ltd		296
	796,711		Nippon Telegraph & Telephone Corp		43,295
	102,740	e	NTELOS Holdings Corp		1,387
	1,080,600		NTT DoCoMo, Inc		17,028
	1,628,485		Oi S.A.(Preference)		2,239
	3,175,656	*	Orascom Telecom Holding SAE		2,019
	9,950,036		Orascom Telecom Media And Technology Holding SAE		1,797
	141,748	*	Orbcomm, Inc		971
	99,318		Partner Communications		903
	9,555,161		PCCW Ltd		4,792
	46,707		Philippine Long Distance Telephone Co		2,843
	1,029,059	e	Portugal Telecom SGPS S.A.		4,380
	172,776	*	Premiere Global Services, Inc		2,084
	2,524,400		PT Excelcomindo Pratama		981
	55,076		PT Indosat Tbk		19
	67,997,105		PT Telekomunikasi Indonesia Persero Tbk		13,291
	109,837	e	QSC AG.		548
	634,430		Reliance Communication Ventures Ltd		1,369
	31,401	*,e	RingCentral, Inc		568
	377,218	e	Rogers Communications, Inc (Class B)		15,631
	166,808	e	Rostelecom (ADR)		2,410
	1,277,269	*	Royal KPN NV		4,509
	150,000		Samart Telcoms PCL		64
	1,050,235	*	SBA Communications Corp (Class A)		95,529
	76,260		Shenandoah Telecom Co		2,462
	7,654,773		Singapore Telecommunications Ltd		22,250
	185,866	*	SK Broadband Co Ltd		735
	62,841		SK Telecom Co Ltd		12,753
	473,966	e	SmarTone Telecommunications Holding Ltd		528
	2,158,132		Softbank Corp		163,086
	3,567,799	*,e	Sprint Corp		32,788
	436,924	e	StarHub Ltd		1,462
	45,279	*	Straight Path Communications, Inc		333
	51,411		Swisscom AG.		31,586
	1,884,543		Taiwan Mobile Co Ltd		5,918
	656,168		TalkTalk Telecom Group plc		3,511

169

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,928,057		TDC AS	$	36,314
	288,742		Tele2 AB		3,585
	1,823,476	e	Telecom Corp of New Zealand Ltd		3,867
	443,658		Telecom Egypt		1,078
	6,495,774		Telecom Italia RSP		6,096
	6,410,811		Telecom Italia S.p.A.		7,577
	546,917		Telefonica Brasil S.A.		11,577
	855,166		Telefonica Deutschland Holding AG.		6,825
	262,313		Telefonica O2 Czech Republic AS		3,936
	3,220,708		Telefonica S.A.		51,038
	26,901		Telekom Austria AG.		268
	4,287,100		Telekom Malaysia BHD		7,734
	1,245,948		Telekomunikacja Polska S.A.		4,265
	1,133,908		Telenor ASA		25,097
	700,970		Telephone & Data Systems, Inc		18,372
	4,702,819	e	TeliaSonera AB		35,518
	305,847	*	Telkom S.A. Ltd		980
	9,565,789		Telstra Corp Ltd		45,107
	398,739	*	TELUS Corp		14,294
	625,000		Thaicom PCL		796
	982,008		Tim Participacoes S.A.		5,129
	754,720		Time dotCom BHD		890
	2,760,300		TM International BHD		5,643
	5,449,159	*	T-Mobile US, Inc		179,986
	1,561,100		Tower Bersama Infrastructure		828
	210,326	*,e	Towerstream Corp		494
	923,936	e	TPG Telecom Ltd		5,704
	5,820,600	*	True Corp PCL (Foreign)		1,243
	524,732		Turk Telekomunikasyon AS		1,457
	930,016	*	Turkcell Iletisim Hizmet AS		5,210
	111,341	*	tw telecom inc (Class A)		3,481
	24,414		US Cellular Corp		1,001
	98,439		USA Mobility, Inc		1,789
	17,389,701		Verizon Communications, Inc		827,228
	404,691		Verizon Communications, Inc (New)		19,247
	2,594,643		Vivendi Universal S.A.		72,216
	627,215	e	Vodacom Group Pty Ltd		7,740
	42,722,121		Vodafone Group plc		157,103
	316,053		Vodafone Group plc (ADR)		11,634
	601,896	*	Vonage Holdings Corp		2,570
	631,225	e	Windstream Holdings, Inc		5,201
	33,432		Ziggo NV		1,485
			TOTAL TELECOMMUNICATION SERVICES		3,371,207
TRANSPORTATION - 2.7%
	475,698	e	Abertis Infraestructuras S.A. (Continuous)		10,872
	150,545		Aeroports de Paris		18,763
	53,088	*,e	Air Berlin plc		128
	2,203,300	e	Air China Ltd		1,305
	184,836	*,e	Air France-KLM		2,776
	2,590,624	e	Air New Zealand Ltd		4,603
	196,900	*	Air Transport Services Group, Inc		1,546

170

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,613,800		AirAsia BHD	$	2,043
	1,527,300	*	AirAsia X BHD		365
	1,004,100		Airports of Thailand PCL (Foreign)		6,021
	303,500		Alaska Air Group, Inc		28,320
	528,852		All America Latina Logistica S.A.		1,764
	606,831	e	All Nippon Airways Co Ltd		1,310
	46,666		Allegiant Travel Co		5,223
	53,573		Amerco, Inc		12,435
	1,933,278	*,e	American Airlines Group, Inc		70,758
	634,771	*,m	AMR Corp (Escrow)		6,310
	624,000		Anhui Expressway Co		321
	2,361,529		Ansaldo STS S.p.A.		27,695
	1,682	e	AP Moller - Maersk AS (Class A)		19,357
	3,313	e	AP Moller - Maersk AS (Class B)		39,652
	97,794		Arkansas Best Corp		3,613
	703,301		Asciano Group		3,403
	255,710	*	Asiana Airlines		1,214
	100,523	*	Atlas Air Worldwide Holdings, Inc		3,545
	2,036,836	*	Auckland International Airport Ltd		6,739
	80,073		Autostrada Torino-Milano S.p.A.		1,359
	1,524,938		Autostrade S.p.A.		39,183
	215,000		Avianca Holdings S.A.		460
	25,000	*	Avianca Holdings S.A. (ADR)		426
	265,957	*	Avis Budget Group, Inc		12,952
	726,100		Bangkok Expressway PCL		740
	7,400,000	*	Bangkok Metro PCL		203
	622,724		BBA Aviation plc		3,446
	2,254,400		Beijing Capital International Airport Co Ltd		1,552
	71,058		bpost S.A.		1,591
	1,042,128	*	Brockman Mining Ltd		54
	29,155,700		BTS Group Holdings PCL (Foreign)		7,565
	1,326,879	e	Canadian National Railway Co		74,548
	140,688		Canadian Pacific Railway Ltd		21,164
	959,791	e	Canadian Pacific Railway Ltd (Toronto)		143,817
	2,506,830		Cathay Pacific Airways Ltd		4,682
	240,240		Cebu Air, Inc		257
	73,373	*	Celadon Group, Inc		1,764
	246,109		Central Japan Railway Co		28,748
	161,834		CH Robinson Worldwide, Inc		8,478
	1,663,715	*	China Airlines		550
	1,046,000	*	China Dredging Environment Protection Holdings Ltd		452
	1,371,324		China Merchants Holdings International Co Ltd		4,728
	4,901,000	*,e	China Shipping Container Lines Co Ltd		1,116
	3,613,000	*,e	China Shipping Development Co Ltd		2,067
	95,500	e	China Southern Airlines Co Ltd		31
	13,300,000	*	China Timber Resources Group Ltd		704
	254,000		Chinese Maritime Transport Ltd		325
	1,028,648		Cia de Concessoes Rodoviarias		7,897
	69,200		Cia de Locacao das Americas		105
	20,368		Clarkson plc		833
	2,694,710		ComfortDelgro Corp Ltd		4,263

171

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	12,985		Compagnie Maritime Belge S.A.	$	406
	8,170,245	*	Compania SudAmericana de Vapores S.A.		400
	572,433		Con-Way, Inc		23,516
	90,449		Copa Holdings S.A. (Class A)		13,132
	3,262,575	*,e	COSCO Holdings		1,353
	4,726,707		COSCO Pacific Ltd		6,050
	350,000		Costamare, Inc		7,525
	1,741,718		CSX Corp		50,458
	459,000		CWT Ltd		537
	33,566		D/S Norden		1,431
	173,000	*,e	Daiichi Chuo Kisen Kaisha		156
	266,938		Dart Group plc		1,239
	892,050		Dazhong Transportation Group Co Ltd		566
	5,758,949		Delta Air Lines, Inc		199,548
	1,098,200	*	Deutsche Lufthansa AG.		28,794
	2,083,081		Deutsche Post AG.		77,444
	18,836		Dfds AS		1,539
	150,633	e	DSV AS		4,857
	496,525		East Japan Railway Co		36,573
	2,122,555		easyJet plc		60,745
	57,354	*	Echo Global Logistics, Inc		1,051
	177,734		EcoRodovias Infraestrutura e Logistica S.A.		1,065
	1,020,519	*	Eva Airways Corp		514
	294,000		Evergreen International Storage & Transport Corp		196
	1,709,222	*	Evergreen Marine Corp Tawain Ltd		1,001
	7,300	e	Exchange Income Corp		136
	218,621		Expeditors International of Washington, Inc		8,664
	1,696,215		FedEx Corp		224,850
	1,459,329		Firstgroup plc		3,553
	23,842		Flughafen Wien AG.		2,362
	4,711		Flughafen Zuerich AG.		3,032
	148,268		Forward Air Corp		6,837
	32,429		Fraport AG. Frankfurt Airport Services Worldwide		2,423
	278,083		Freightways Ltd		1,169
	163,000	e	Fukuyama Transporting Co Ltd		979
	6,917		Gateway Distriparks Ltd		19
	114,847	*	Genesee & Wyoming, Inc (Class A)		11,177
	15,967		GLOVIS Co Ltd		3,631
	91,745		Go-Ahead Group plc		2,852
	161,706	*	Gol Linhas Aereas Inteligentes S.A.		780
	373,470	e	Golden Ocean Group Ltd		739
	570,602	e	Grindrod Ltd		1,382
	523,455		Groupe Eurotunnel S.A.		6,682
	537,500	*,e	Grupo Aeromexico SAB de C.V.		863
	429,900		Grupo Aeroportuario del Centro Norte Sab de C.V.		1,562
	911,191		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		5,320
	471,400		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		5,782
	303,560		Guangdong Provincial Expressway Development Co Ltd		95
	2,353,042	*	GVK Power & Infrastructure Ltd		436
	1,214,000	e	GZI Transportation Ltd		626
	132,000		Hainan Meilan International Airport Co Ltd		125
	33,821		Hamburger Hafen und Logistik AG.		814

172

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	160,412	*	Hanjin Kal Corp	$	3,553
	119,890	*	Hanjin Shipping Co Ltd		726
	4,330		Hanjin Transportation Co Ltd		109
	209,000		Hankyu Hanshin Holdings, Inc		1,137
	197,148	*,e	Hawaiian Holdings, Inc		2,752
	153,276	e	Heartland Express, Inc		3,478
	4,069,608	*	Hertz Global Holdings, Inc		108,414
	52,200		Hitachi Transport System Ltd		849
	1,496,327	e	Hopewell Highway Infrastructure Ltd		725
	158,229	*	Hub Group, Inc (Class A)		6,328
	4,898,040	e	Hutchison Port Holdings Trust		3,185
	69,371	*	Hyundai Merchant Marine Co Ltd		671
	96,857		Iino Kaiun Kaisha Ltd		485
	1,254	*	Integer.pl S.A.		120
	3,502,612	*	International Consolidated Airlines Group S.A.		24,441
	4,716,507	*	International Consolidated Airlines Group S.A. (London)		32,814
	1,994,770		International Container Term Services, Inc		4,809
	21,426		International Shipholding Corp		631
	33,636		Irish Continental Group plc		1,411
	334,021		J.B. Hunt Transport Services, Inc		24,023
	231,800		Japan Airlines Co Ltd		11,408
	43,155		Japan Airport Terminal Co Ltd		1,119
	106,137	*	Jet Airways India Ltd		441
	880,976	*,e	JetBlue Airways Corp		7,656
	3,471,800	e	Jiangsu Express		3,958
	166,000		Jinzhou Port Co Ltd		64
	99,500		Julio Simoes Logistica S.A.		623
	515,587		Kamigumi Co Ltd		5,009
	706,801		Kansas City Southern Industries, Inc		72,136
	2,514,400		Kawasaki Kisen Kaisha Ltd		5,432
	386,555	e	Keihin Electric Express Railway Co Ltd		3,260
	106,107		Keio Corp		739
	45,032		Keisei Electric Railway Co Ltd		390
	961,480	*	Kerry Logistics Network Ltd		1,410
	1,479,185	e	Kintetsu Corp		5,260
	19,400		Kintetsu World Express, Inc		862
	155,752	*	Kirby Corp		15,770
	188,509		Knight Transportation, Inc		4,360
	27,510	*	Korean Air Lines Co Ltd		1,001
	21,031		Kuehne & Nagel International AG.		2,943
	352,298		Lan Airlines S.A.		5,332
	150,995		Landstar System, Inc		8,942
	227,000	e	Latam Airlines Group S.A. (ADR)		3,416
	1,329,232	*	LLX Logistica S.A.		586
	153,271		Localiza Rent A Car		2,243
	42,200	*	Log-in Logistica Intermodal S.A.		150
	957,574	e	Macquarie Atlas Roads Group		2,638
	153,014		Mainfreight Ltd		1,760
	680,727		Malaysia Airports Holdings BHD		1,668
	9,180,300	*	Malaysian Airline System BHD		593
	246,800		Malaysian Bulk Carriers BHD		155
	87,793		Marten Transport Ltd		1,889
	68,000		Maruzen Showa Unyu Co Ltd		229

173

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	204,049		Matson, Inc	$	5,038
	348,775		Mermaid Marine Australia Ltd		763
	2,707,700	*	MISC BHD		5,728
	20,349		Mitsubishi Logistics Corp		283
	1,599,358		Mitsui OSK Lines Ltd		6,221
	439,610		Mitsui-Soko Co Ltd		1,751
	1,180,108		MTR Corp		4,373
	1,216,181		Mundra Port and Special Economic Zone Ltd		3,825
	618,362		National Express Group plc		2,891
	1,221,718	*,e	Neptune Orient Lines Ltd		968
	435,641		Nippon Express Co Ltd		2,131
	104,300		Nippon Konpo Unyu Soko Co Ltd		1,839
	4,231,669		Nippon Yusen Kabushiki Kaisha		12,290
	96,000		Nissin Corp		273
	253,400		Nok Airlines PCL		147
	1,087,478		Norfolk Southern Corp		105,670
	194,782		Northgate plc		1,689
	31,311	*,e	Norwegian Air Shuttle AS		1,322
	129,942	e	Odakyu Electric Railway Co Ltd		1,119
	75,859		Oesterreichische Post AG.		3,823
	1,991,500	*,e	OHL Mexico SAB de CV		5,167
	367,522	*	Old Dominion Freight Line		20,853
	302,500	e	Orient Overseas International Ltd		1,393
	366,412	*	Pacer International, Inc		3,283
	2,203,290	*	Pacific Basin Shipping Ltd		1,410
	14,713		Panalpina Welttransport Holding AG.		2,261
	31,461	*	Park-Ohio Holdings Corp		1,767
	24,954	*	Patriot Transportation Holding, Inc		900
	922,800		Pos Malaysia & Services Holdings BHD		1,350
	550,600		Precious Shipping PCL		481
	12,753,500	*,m	PT Berlian Laju Tanker Tbk		0	^
	6,069,500		PT Cardig Aero Services Tbk		497
	9,680,800		PT Express Transindo Utama Tbk		1,242
	9,555,000	*	PT Garuda Indonesia Tbk		419
	2,305,100		PT Jasa Marga Tbk		1,225
	6,339,000	*	PT Nusantara Infrastructure Tbk		135
	7,139,000	*	PT Trada Maritime Tbk		1,083
	1,154,049	*	Qantas Airways Ltd		1,186
	2,019,029		QR National Ltd		9,644
	160,956	*	Quality Distribution, Inc		2,091
	1,223,520	e	Qube Logistics Holdings Ltd		2,537
	237,605	*	Republic Airways Holdings, Inc		2,172
	458,000		Road King Infrastructure		423
	63,924	*	Roadrunner Transportation Services Holdings, Inc		1,613
	9,515,974	*	Royal Mail plc		89,447
	46,434	*	Ryanair Holdings plc		489
	284,279	*	Ryanair Holdings plc (ADR)		16,718
	209,964		Ryder System, Inc		16,780
	498,000		Sagami Railway Co Ltd		1,824
	86,482	*	Saia, Inc		3,304
	96	*,m	SAir Group		0	^
	334,000		Sankyu, Inc		1,255

174

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	64,300		Santos Brasil Participacoes S.A.	$	475
	184,067	*,e	SAS AB		408
	13,108		SAVE S.p.A.		239
	344,188	*	Scorpio Bulkers, Inc		3,480
	7,680		Sebang Co Ltd		134
	483,287		Seino Holdings Corp		4,611
	274,000	e	Senko Co Ltd		1,189
	229,100		Shanghai Jinjiang International Investment Holdings Co		208
	141,400		Shenzhen Chiwan Petroleum		285
	259,100		Shenzhen Chiwan Wharf Holdings Ltd		420
	876,000		Shenzhen Expressway Co Ltd		396
	1,554,500	e	Shenzhen International Holdings Ltd		1,950
	58,000		Shibusawa Warehouse Co Ltd		216
	388,006		Shih Wei Navigation Co Ltd		263
	118,000	e	Shinwa Kaiun Kaisha Ltd		280
	4,633,097		Shun TAK Holdings Ltd		2,389
	2,054,000	e	Sichuan Expressway Co Ltd		562
	480,000		Sincere Navigation		442
	191,590		Singapore Airlines Ltd		1,596
	1,171,000	e	Singapore Airport Terminal Services Ltd		2,832
	3,303,419		Singapore Post Ltd		3,575
	4,872,000		Sinotrans Ltd		2,453
	2,700,000		Sinotrans Shipping Ltd		805
	1,402,000		SITC International Co Ltd		677
	39,187		Sixt AG.		1,563
	42,243		Sixt AG. (Preference)		1,330
	54,827	*	Skymark Airlines, Inc		154
	198,351		Skywest, Inc		2,531
	979,000	e	SMRT Corp Ltd		794
	12,065,075		Sociedad Matriz SAAM S.A.		1,041
	79,483		Societa Iniziative Autostradali e Servizi S.p.A.		956
	3,510,175		Southwest Airlines Co		82,875
	377,903	*	Spirit Airlines, Inc		22,447
	979,865		Stagecoach Group plc		6,455
	460,411	e	Stobart Group Ltd		1,011
	58,496		Stolt-Nielsen S.A.		1,695
	77,400	e	Student Transportation, Inc		479
	157,767		Sumitomo Warehouse Co Ltd		768
	469,021	*,e	Swift Transportation Co, Inc		11,608
	1,392,226		Sydney Airport		5,417
	328,000		T.Join Transportation Co		447
	214,000		Taiwan Navigation Co Ltd		169
	649,487		TAV Havalimanlari Holding AS		5,227
	55,000		Tegma Gestao Logistica		463
	1,473,300		Thai Airways International PCL		637
	126,854		Thoresen Thai Agencies PCL		83
	6,720,000		Tianjin Port Development Holdings Ltd		1,085
	696,000	*,e	Tiger Airways Holdings Ltd		224
	506,679		TNT Express NV		4,971
	524,566	*	TNT NV		2,390
	360,629		Tobu Railway Co Ltd		1,741
	1,749,058		Tokyu Corp		10,688

175

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	601,966		Toll Holdings Ltd	$	2,911
	138,500		TPI-Triunfo Participacoes e Investimentos S.A.		516
	208,000		Transasia Airways Corp		83
	453,049	e	TransForce, Inc		9,647
	1,107,721		Transurban Group		7,468
	1,835,057		Turk Hava Yollari		5,651
	2,202,682	*	UAL Corp		98,306
	55,023	*,e	Ultrapetrol Bahamas Ltd		171
	438,800		U-Ming Marine Transport Corp		743
	2,926,041		Union Pacific Corp		549,101
	2,405,133		United Parcel Service, Inc (Class B)		234,212
	20,701		Universal Truckload Services, Inc		598
	647,183	e	UTI Worldwide, Inc		6,854
	1,220,317	*	Virgin Australia Holdings Ltd		419
	67,336	*,m	Virgin Australia Int Holdings		0	^
	23,321		VTG AG.		467
	277,357		Wan Hai Lines Ltd		134
	164,067		Werner Enterprises, Inc		4,185
	159,918	*,e	Wesco Aircraft Holdings, Inc		3,520
	369,441		West Japan Railway Co		15,079
	130,200	e	Westshore Terminals Investment Corp		3,898
	75,774		Wilh. Wilhelmsen ASA		718
	364,927		Wisdom Marine Lines Co Ltd		420
	6,934,000		Xiamen International Port Co Ltd		940
	165,985	*,e	XPO Logistics, Inc		4,882
	213,031		Yamato Transport Co Ltd		4,585
	1,291,515	*	Yang Ming Marine Transport		544
	131,329	*,e	YRC Worldwide, Inc		2,955
	17,900		Yusen Air & Sea Service Co Ltd		226
	4,311,400		Zhejiang Expressway Co Ltd		3,928
			TOTAL TRANSPORTATION		3,384,618
UTILITIES - 2.8%
	1,698,254		A2A S.p.A.		2,199
	3,805,431		Aboitiz Power Corp		3,159
	30,516	e	Acciona S.A.		2,646
	143,644		ACEA S.p.A.		2,125
	78,161		Actelios S.p.A.		160
	1,643,325		AES Corp		23,467
	2,838,484		AES Gener S.A.		1,552
	122,044		AES Tiete S.A.		970
	348,364	*,m	AET&D Holdings No 1  Ptd Ltd		0	^
	571,410		AGL Energy Ltd		8,058
	167,520		AGL Resources, Inc		8,202
	2,747,487		Aguas Andinas S.A.		1,703
	42,810	*	Akenerji Elektrik Uretim AS		20
	192,025	e	Algonquin Power & Utilities Corp		1,355
	176,868	e	Allete, Inc		9,271
	382,744		Alliant Energy Corp		21,744
	100,000	*	Alupar Investimento S.A.		790
	591,070		Ameren Corp		24,352
	2,035,276		American Electric Power Co, Inc		103,107

176

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	213,738		American States Water Co	$	6,902
	1,070,141		American Water Works Co, Inc		48,584
	683,128	e	APA Group		4,071
	178,610	e	Aqua America, Inc		4,478
	31,088		Artesian Resources Corp		698
	294,091		Ascopiave S.p.A.		920
	177,552	*	Atco Ltd		8,530
	469,811	e	Atlantic Power Corp		1,362
	322,679	e	Atlantic Power Corp (Toronto)		934
	287,540		Atmos Energy Corp		13,552
	231,875		Avista Corp		7,107
	4,330,000	e	Beijing Enterprises Water Group Ltd		3,036
	2,324,000	*	Binhai Investment Co Ltd		134
	27,565		BKW S.A.		976
	168,492		Black Hills Corp		9,714
	30,295		Boralex, Inc		356
	211,458		California Water Service Group		5,062
	4,904,350	*	Calpine Corp		102,550
	160,734	e	Canadian Utilities Ltd		5,980
	158,300	e	Capital Power Corp		3,683
	3,853,747		Centerpoint Energy, Inc		91,295
	321,341		Centrais Eletricas Brasileiras S.A.		935
	272,324		Centrais Eletricas Brasileiras S.A. (Preference)		1,306
	16,900		Centrais Eletricas de Santa Catarina S.A.		123
	3,549,216		Centrica plc		19,526
	36,864		CESC Ltd		310
	209,086		CEZ AS		6,001
	42,209		Chesapeake Utilities Corp		2,666
	864,344	e	Cheung Kong Infrastructure Holdings Ltd		5,528
	3,390,000	e	China Datang Corp Renewable Power Co Ltd		539
	6,724,100		China Gas Holdings Ltd		10,518
	3,627,500		China Longyuan Power Group Corp		3,655
	5,300,000	e	China Oil and Gas Group Ltd		903
	7,298,000	e	China Power International Development Ltd		2,535
	8,540,000	*,e	China Power New Energy Development Co Ltd		585
	2,354,800		China Resources Gas Group Ltd		7,507
	3,214,899		China Resources Power Holdings Co		8,398
	2,302,000		China Water Affairs Group Ltd		731
	1,046,386		Chubu Electric Power Co, Inc		12,311
	514,456		Chugoku Electric Power Co, Inc		7,159
	861,719		Cia de Saneamento Basico do Estado de Sao Paulo		8,013
	68,000		Cia de Saneamento de Minas Gerais-COPASA		1,089
	899,218		Cia Energetica de Minas Gerais		6,044
	495,171		Cia Energetica de Sao Paulo (Class B)		5,816
	20,104		Cia Energetica do Ceara		329
	277,119		Cia Paranaense de Energia		3,641
	227,524		Cleco Corp		11,508
	1,717,859		CLP Holdings Ltd		12,964
	675,445		CMS Energy Corp		19,777
	9,189,139		Colbun S.A.		2,265
	41,961		Connecticut Water Service, Inc		1,434
	474,365		Consolidated Edison, Inc		25,450

177

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	56,577		Consolidated Water Co, Inc	$	746
	2,721,316	e	Contact Energy Ltd		12,569
	275,340		CPFL Energia S.A.		2,257
	6,994,900		Datang International Power Generation Co Ltd		2,554
	28,233		Delta Natural Gas Co, Inc		585
	1,824,451		Dominion Resources, Inc		129,518
	1,877,346		Drax Group plc		24,004
	376,652		DTE Energy Co		27,981
	2,074,182		DUET Group		4,003
	2,757,428		Duke Energy Corp		196,384
	380,932	*,e	Dynegy, Inc		9,500
	3,170,954		E.ON AG.		61,929
	3,799		E1 Corp		254
	1,713,867		Edison International		97,022
	666,401		EDP - Energias do Brasil S.A.		3,025
	155,962		El Paso Electric Co		5,573
	201,961		Electric Power Development Co		5,680
	1,659,073		Electricite de France		65,601
	34,680		Elia System Operator S.A.		1,752
	192,376	e	Empire District Electric Co		4,679
	675,213		Empresa Electrica del Norte Grande S.A.		908
	4,291,703		Empresa Nacional de Electricidad S.A.		6,203
	134,828		Enagas		4,101
	941,680		Endesa S.A.		33,902
	238,259		Enea S.A.		1,258
	1,410,581		Enel Green Power S.p.A		3,962
	8,658,177		Enel S.p.A.		48,972
	433,601	*	Energa S.A.		2,559
	2,535,345	e	Energias de Portugal S.A.		11,771
	1,024,060	*	Energy World Corp Ltd		310
	43,213,640		Enersis S.A.		13,430
	275,526	*	Eneva S.A.		198
	220,191		Entergy Corp		14,720
	2,342,457		Envestra Ltd		2,448
	227,030		Equatorial Energia S.A.		2,046
	64,317	e	EVN AG.		905
	5,156,072		Exelon Corp		173,038
	3,769,200		First Gen Corp		1,580
	731,930		First Philippine Holdings Corp		1,184
	932,938		FirstEnergy Corp		31,748
	317,859	e	Fortis, Inc		9,063
	428,081	e	Fortum Oyj		9,731
	435,671		GAIL India Ltd		2,746
	797,400		Gas Malaysia BHD		910
	1,459,084		Gas Natural SDG S.A.		41,049
	3,846,417		Gaz de France		105,219
	55,449	*	Genie Energy Ltd		553
	721,100		Glow Energy PCL (Foreign)		1,695
	437,531		Great Plains Energy, Inc		11,831
	140,000		Great Taipei Gas Co Ltd		107
	9,043,100		Guangdong Investments Ltd		8,646
	2,050		Gujarat Gas Co Ltd		9

178

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	194,239		Gujarat State Petronet Ltd	$	226
	41,120		Hanjin Heavy Industries & Construction Holdings Co Ltd		393
	74,007	e	Hawaiian Electric Industries, Inc		1,881
	1,508,470		Hera S.p.A.		4,406
	130,671	*	Hokkaido Electric Power Co, Inc		1,101
	325,490		Hokuriku Electric Power Co		4,220
	4,784,276		Hong Kong & China Gas Ltd		10,452
	3,227,319		Hong Kong Electric Holdings Ltd		28,012
	1,137,130	*	Huadian Energy Co Ltd		329
	9,918,000	e	Huadian Fuxin Energy Corp Ltd		5,422
	7,424,000	e	Huadian Power International Co		3,610
	9,338,200		Huaneng Power International, Inc		8,963
	10,510,000		Huaneng Renewables Corp Ltd		3,572
	681,000	e	Hyflux Ltd		663
	4,290,032		Iberdrola S.A.		30,019
	191,023		Idacorp, Inc		10,596
	71,572	*	Indiabulls Infrastructure and Power Ltd		4
	63,672		Indraprastha Gas Ltd		319
	1,828,612		Infratil Ltd		3,587
	215,423	e	Innergex Renewable Energy, Inc		1,943
	63,390		Integrys Energy Group, Inc		3,781
	661,851		Interconexion Electrica S.A.		2,950
	907,247		Inversiones Aguas Metropolitanas S.A.		1,472
	1,413,720		Iride S.p.A.		2,552
	861,473		Isagen S.A. ESP		1,411
	187,739		ITC Holdings Corp		7,012
	167,325	e	Just Energy Income Fund		1,346
	20,000	*	K&O Energy Group, Inc		275
	1,692,504	*	Kansai Electric Power Co, Inc		17,349
	3,193		Korea District Heating Corp		204
	372,690		Korea Electric Power Corp		12,793
	29,186		Korea Gas Corp		1,711
	4,902		KyungDong City Gas Co Ltd		502
	348,105	*	Kyushu Electric Power Co, Inc		4,256
	125,121		Laclede Group, Inc		5,899
	221,400		Light S.A.		1,830
	189,571	e	Macquarie Power & Infrastructure Income Fund		689
	1,428,200		Manila Water Co, Inc		762
	661,365		MDU Resources Group, Inc		22,691
	139,011		MGE Energy, Inc		5,453
	66,089		Middlesex Water Co		1,442
	1,486,414		Mighty River Power Ltd		2,827
	242,358		National Fuel Gas Co		16,975
	6,244,277		National Grid plc		85,806
	196,727		New Jersey Resources Corp		9,797
	2,472,696		NextEra Energy, Inc		236,439
	783,170		NiSource, Inc		27,826
	965,010		Northeast Utilities		43,908
	128,959	e	Northland Power Income Fund		2,030
	104,430	e	Northwest Natural Gas Co		4,596
	146,696		NorthWestern Corp		6,958
	1,477,957		NRG Energy, Inc		46,999

179

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	335,504	e	NRG Yield, Inc	$	13,262
	1,626,649		NTPC Ltd		3,271
	1,321,881		OGE Energy Corp		48,592
	126,600		Okinawa Electric Power Co, Inc		4,289
	53,458	*	ONE Gas, Inc		1,921
	67,237	e	Ormat Technologies, Inc		2,018
	2,506,440		Osaka Gas Co Ltd		9,473
	138,289		Otter Tail Corp		4,258
	70,659	e	Pattern Energy Group, Inc		1,917
	763,320		Pennon Group plc		9,465
	194,642	e	Pepco Holdings, Inc		3,986
	736,600		Petronas Gas BHD		5,373
	1,380,095		PG&E Corp		59,620
	335,246		Piedmont Natural Gas Co, Inc		11,864
	348,617		Pinnacle West Capital Corp		19,055
	302,047		PNM Resources, Inc		8,164
	9,007,750		PNOC Energy Development Corp		1,139
	1,810,792		Polska Grupa Energetyczna S.A.		11,314
	287,626		Portland General Electric Co		9,302
	1,867,901		Power Grid Corp of India Ltd		3,291
	1,023,394		PPL Corp		33,915
	19,107,700		PT Perusahaan Gas Negara		8,672
	435,227		PTC India Ltd		494
	249,773		Public Power Corp		4,128
	1,221,916		Public Service Enterprise Group, Inc		46,604
	803,200		Puncak Niaga Holding BHD		702
	57,670	*,e	Pure Cycle Corp		349
	283,167		Questar Corp		6,734
	45,161		Red Electrica de Espana		3,672
	157,984	e	Redes Energeticas Nacionais S.A.		622
	153,552		Reliance Energy Ltd		1,118
	787,214	*	Reliance Power Ltd		933
	36,795		Rubis		2,648
	1,418,289		RusHydro (ADR)		2,156
	271,151		RWE AG.		11,003
	551		RWE AG. (Preference)		18
	3,832		Samchully Co Ltd		504
	120,848		SCANA Corp		6,202
	298,088		Scottish & Southern Energy plc		7,301
	41,478		Sechilienne-Sidec		1,113
	1,712,458		Sempra Energy		165,697
	388,084		Severn Trent plc		11,795
	129,578	*	Shikoku Electric Power Co, Inc		1,757
	59,000		Shizuoka Gas Co Ltd		360
	64,664		SJW Corp		1,911
	2,220,323		Snam Rete Gas S.p.A.		13,006
	119,087		South Jersey Industries, Inc		6,680
	853,359		Southern Co		37,497
	177,324		Southwest Gas Corp		9,478
	2,174,405		SP AusNet		2,647
	1,584,296		Spark Infrastructure Group		2,517
	323,100	*	SPCG PCL		191

180

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	581,093		Suez Environnement S.A.	$	11,804
	301,434	e	Superior Plus Corp		3,321
	1,085,450		Taiwan Cogeneration Corp		676
	1,557,480		Tata Power Co Ltd		2,226
	2,335,259		Tauron Polska Energia S.A.		4,049
	169,113	e	TECO Energy, Inc		2,900
	88,702		Telecom Plus plc		2,646
	7,471,118		Tenaga Nasional BHD		27,361
	838,822		Terna Rete Elettrica Nazionale S.p.A.		4,489
	3,045,800	*	Thai Tap Water Supply		913
	366,223	e	Toho Gas Co Ltd		1,990
	458,032	*	Tohoku Electric Power Co, Inc		4,710
	1,404,309	*	Tokyo Electric Power Co, Inc		5,650
	6,360,285		Tokyo Gas Co Ltd		32,251
	1,289,000		Towngas China Co Ltd		1,577
	191,320		Tractebel Energia S.A.		2,960
	265,215	e	TransAlta Corp		3,080
	27,200		TransAlta Renewables, Inc		283
	115,400		Transmissora Alianca de Energia Eletrica S.A.		979
	433,097		UGI Corp		19,754
	254,134		UIL Holdings Corp		9,355
	690,545		United Utilities Group plc		9,084
	63,341		Unitil Corp		2,080
	158,845		UNS Energy Corp		9,535
	44,100		Valener, Inc		621
	269,675		Vectren Corp		10,622
	769,671	e	Veolia Environnement		15,253
	361,416	e	Westar Energy, Inc		12,707
	196,449		WGL Holdings, Inc		7,870
	609,984	e	Wisconsin Energy Corp		28,395
	3,238	*,m	WM Technologie AG.		77
	1,040,768		Xcel Energy, Inc		31,598
	1,585,800		Xinao Gas Holdings Ltd		11,063
	4,770		YESCO Co Ltd		168
	41,556		York Water Co		848
	10,657,182		YTL Corp BHD		4,996
	4,343,333	*	YTL Power International BHD		2,089
	16,000		Zespol Elektrowni Patnow Adamow Konin S.A.		126
	1,207,253	*	Zorlu Enerji Elektrik Uretim AS		633
			TOTAL UTILITIES		3,541,784
			TOTAL COMMON STOCKS		125,033,112
			(Cost $103,554,043)
PURCHASED OPTIONS - 0.0%
AUTOMOBILES & COMPONENTS - 0.0%
	500		Tesla Motors, Inc		0	^
			TOTAL AUTOMOBILES & COMPONENTS		0	^
BANKS - 0.0%
	30,000		Bank of America Corp		25

181

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	30,000		Bank of America Corp	$	32
	16,000		Citigroup, Inc		21
			TOTAL BANKS		78
ENERGY - 0.0%
	10,000		Exxon Mobil Corp		39
			TOTAL ENERGY		39
			TOTAL PURCHASED OPTIONS		117
			(Cost $111)
PREFERRED STOCKS - 0.0%
BANKS - 0.0%
	4,209,234	*	ITAUSA Investimentos Itau PR		17,160
			TOTAL BANKS		17,160
DIVERSIFIED FINANCIALS - 0.0%
	300,000		Daishin Securities Co Ltd Pref 2		1,482
			TOTAL DIVERSIFIED FINANCIALS		1,482
MEDIA - 0.0%
	10,281,201	*	Zee Entertainment Enterprises Ltd		122
			TOTAL MEDIA		122
REAL ESTATE - 0.0%
	8,497,223	*,m	Ayala Land, Inc (Preferred B)		19
			TOTAL REAL ESTATE		19
			TOTAL PREFERRED STOCKS		18,783
			(Cost $23,530)
RIGHTS / WARRANTS - 0.0%
BANKS - 0.0%
	2,344,171		Banco Bilbao Vizcaya Argentaria S.A.		549
	719,551		Banco Popolare SC		6,126
	2,254,408		Piraeus Bank S.A.		3,385
			TOTAL BANKS		10,060
CAPITAL GOODS - 0.0%
	82,398	m	Mota-Engil Africa		45
			TOTAL CAPITAL GOODS		45
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	4,487,889	m	New World Development Co Ltd		940
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		940
CONSUMER DURABLES & APPAREL - 0.0%
	716	m	YG Entertainment, Inc		13
			TOTAL CONSUMER DURABLES & APPAREL		13
DIVERSIFIED FINANCIALS - 0.0%
	47,320	m	Deutsche Bank, John Keells		11
	47,320	m	Deutsche Bank, John Keells		15
			TOTAL DIVERSIFIED FINANCIALS		26

182

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
ENERGY - 0.0%
	112,581	m	Egyptian Kuwaiti Company	$	29
	123,722		Etablissements Maurel et Prom CW14		12
	64,082	m	Magnum Hunter Resources Corp		0	^
			TOTAL ENERGY		41
FOOD, BEVERAGE & TOBACCO - 0.0%
	15,482		Olam International Ltd		8
	374,698		Premier Foods plc		100
			TOTAL FOOD, BEVERAGE & TOBACCO		108
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	355,724		Community Health Systems, Inc		21
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		21
INSURANCE - 0.0%
	2,085,279		RSA Insurance Group plc		1,165
			TOTAL INSURANCE		1,165
MATERIALS - 0.0%
	217,220	m	Kingsgate Consolidated Ltd		0	^
	1,558	*	Kinross Gold Corp		0	^
	6,712		Royal Bafokeng Platinum Ltd		7
			TOTAL MATERIALS		7
MEDIA - 0.0%
	4,978	m	Central European Media Enterprises Ltd		2
	976	m	Central European Media Enterprises Ltd (Class A)		0	^
			TOTAL MEDIA		2
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	13,858		Cubist Pharmaceuticals, Inc		9
	228,016	m	Trius Therapeutics, Inc		30
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		39
REAL ESTATE - 0.0%
	555		Tejon Ranch Co		2
			TOTAL REAL ESTATE		2
SOFTWARE & SERVICES - 0.0%
	27,905	m	Samart Corp PCL		0	^
			TOTAL SOFTWARE & SERVICES		0	^
TELECOMMUNICATION SERVICES - 0.0%
	196,024	m	Leap Wireless International, Inc		494
			TOTAL TELECOMMUNICATION SERVICES		494
TRANSPORTATION - 0.0%
	9,758		Thoresen Thai Agencies PCL		2
			TOTAL TRANSPORTATION		2

183

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY				VALUE (000)
UTILITIES - 0.0%
	117,916	m	AES Gener S.A.				$	10
	218,047	m	Tata Power Co Ltd					93
			TOTAL UTILITIES					103
			TOTAL RIGHTS / WARRANTS					13,068
			(Cost $6,654)
PRINCIPAL		ISSUER		RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 4.5%
GOVERNMENT AGENCY DEBT - 0.2%
$	16,000,000		Federal Home Loan Bank (FHLB)	0.060	%	04/02/14		16,000
	31,000,000		FHLB	0.075		05/16/14		30,997
	22,000,000		FHLB	0.060		06/27/14		21,998
	36,500,000		FHLB	0.095		07/16/14		36,496
	50,000,000		FHLB	0.101		08/01/14		49,992
	15,000,000		Federal Home Loan Mortgage Corp (FHLMC)	0.075		06/16/14		14,999
	33,000,000		FHLMC	0.090		09/24/14		32,992
	23,300,000		Federal National Mortgage Association (FNMA)	0.088		08/25/14		23,295
	15,000,000		FNMA	0.100		09/22/14		14,996
			TOTAL GOVERNMENT AGENCY DEBT					241,765
TREASURY DEBT - 0.2%
	3,500,000		United States Treasury Bill	0.071		04/03/14		3,500
	8,900,000		United States Treasury Bill	0.051		04/24/14		8,900
	8,000,000		United States Treasury Bill	0.045		05/08/14		8,000
	1,000,000		United States Treasury Bill	0.088		05/29/14		1,000
	8,000,000		United States Treasury Bill	0.050		06/26/14		7,999
	4,000,000		United States Treasury Bill	0.101-0.103		07/24/14		4,000
	11,800,000		United States Treasury Bill	0.065		08/14/14		11,797
	83,000,000		United States Treasury Bill	0.060		08/21/14		82,981
	71,000,000		United States Treasury Bill	0.080		09/04/14		70,982
	23,800,000		United States Treasury Bill	0.073		11/13/14		23,790
	30,000,000		United States Treasury Note	0.250		04/30/14		30,005
			TOTAL TREASURY DEBT					252,954
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 4.1%
CERTIFICATE OF DEPOSIT - 0.4%
	275,000,000		Bank of Montreal	0.030		04/01/14		275,000
	185,000,000		CIBC Bank & Trust Company	0.010		04/01/14		185,000
			TOTAL CERTIFICATE OF DEPOSIT					460,000
REPURCHASE AGREEMENT - 2.8%
	400,000,000	n	Barclays	0.060		04/01/14		400,000
	350,000,000	o	Barclays	0.040		04/03/14		350,000
	344,000,000	p	BNP	0.050		04/01/14		344,000
	463,000,000	q	Calyon	0.050		04/01/14		463,000

184

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	975,000,000	r	HSBC		0.040	%	04/03/14	$	975,000
	1,000,000,000	s	Royal Bank of Scotland		0.050		04/02/14		1,000,000
			TOTAL REPURCHASE AGREEMENT						3,532,000
TREASURY DEBT - 0.7%
	445,000,000		United States Treasury Bill		0.037		04/10/14		444,996
	101,000,000		United States Treasury Bill		0.104-0.109		04/24/14		100,993
	100,000,000		United States Treasury Bill		0.097-0.102		05/15/14		99,987
	100,000,000		United States Treasury Bill		0.050-0.051		06/26/14		99,992
	100,000,000		United States Treasury Bill		0.103-0.108		08/14/14		99,977
	100,000,000		United States Treasury Bill		0.079		09/25/14		99,970
			TOTAL TREASURY DEBT						945,915
VARIABLE RATE SECURITIES - 0.2%
	10,225,543	i	Granite Master Issuer plc 2006		0.357		12/20/50		10,124
	8,085,313	i	Granite Master Issuer plc 2007		0.357		12/20/50		8,005
	4,675,440	i	Medallion Trust 2005		0.276		08/22/36		4,665
	2,709,208	i	Nelnet Student Loan Trust 2007		0.483		09/25/18		2,710
	8,393,450	i	Puma Finance Ltd		0.374		02/21/38		8,323
	170,000,000	i	SLM Student Loan Trust 2007		0.279		01/25/19		168,142
	16,452,869	i	SLM Student Loan Trust 2008		0.589		10/25/16		16,457
			TOTAL VARIABLE RATE SECURITIES						218,426
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						5,156,341
			TOTAL SHORT-TERM INVESTMENTS						5,651,060
			(Cost $5,652,300)
			TOTAL INVESTMENTS - 103.9%						130,718,326
			(Cost $109,238,915)
			OTHER ASSETS & LIABILITIES, NET - (3.9)%						(4,931,135	)
			NET ASSETS - 100.0%					$	125,787,191

	Abbreviation(s):
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
NVDR	Non Voting Depository Receipt
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts

*	Non-income producing.
^	Amount represents less than $1,000.
a	Affiliated holding.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $6,368,287,000.
f	Restricted security. At 3/31/2014, the aggregate value of these securities amounted to $455,000 or 0.0% of net assets.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At March 31, 2014, the aggregate value of these securities was $7,102,000, or 0.0% of net assets.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon
m	Indicates a security that has been deemed illiquid.
n	Agreement with Barclays, 0.06% dated 3/31/14 to be repurchased at $400,000,000 on 4/1/14, collateralized by U.S. Government Agency Securities valued at $407,773,000.

185

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

o	Agreement with Barclays, 0.04% dated 3/31/14 to be repurchased at $350,002,000 on 4/3/14, collateralized by U.S. Government Agency Securities valued at $357,000,000.
p	Agreement with BNP, 0.05% dated 3/31/14 to be repurchased at $344,002,000 on 4/1/14, collateralized by U.S. Government Agency Securities valued at $350,880,000.
q	Agreement with Calyon, 0.05% dated 3/31/14 to be repurchased at $463,001,000 on 4/1/14, collateralized by U.S. Government Agency Securities valued at $472,260,000.
r	Agreement with HSBC, 0.04%-0.05% dated 3/31/14 to be repurchased at $975,005,000 on 4/3/14, collateralized by U.S. Government Agency Securities valued at $994,505,000.
s	Agreement with Royal Bank of Scotland, 0.05% dated 3/31/14 to be repurchased at $1,000,005,000 on 4/2/14, collateralized by U.S. Government Agency Securities valued at $1,020,005,000.
z	All or a portion of these securities have been segregated to cover margin requirements on open written options contracts.
	Cost amounts are in thousands.

186

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND
STOCK ACCOUNT
SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)
March 31, 2014

Country	Value (000)		% of total portfolio
DOMESTIC
UNITED STATES	$	92,049,260		70.4	%
TOTAL DOMESTIC		92,049,260		70.4
FOREIGN
ARGENTINA		2,097		0.0
AUSTRALIA		1,678,636		1.3
AUSTRIA		180,491		0.1
BELGIUM		293,403		0.2
BERMUDA		40,120		0.0
BRAZIL		791,994		0.6
CAMBODIA		2,478		0.0
CANADA		2,816,814		2.2
CAYMAN ISLANDS		30,501		0.0
CHILE		117,465		0.1
CHINA		1,528,155		1.2
COLOMBIA		86,523		0.1
CYPRUS		138		0.0
CZECH REPUBLIC		24,422		0.0
DENMARK		402,579		0.3
EGYPT		26,617		0.0
FAROE ISLANDS		827		0.0
FINLAND		281,567		0.2
FRANCE		3,216,349		2.5
GEORGIA		3,923		0.0
GERMANY		2,428,493		1.9
GIBRALTAR		1,740		0.0
GREECE		175,193		0.1
GUERNSEY, C.I.		2,472		0.0
HONG KONG		863,016		0.7
HUNGARY		15,741		0.0
INDIA		626,643		0.5
INDONESIA		214,883		0.2
IRELAND		313,357		0.2
ISLE OF MAN		5,674		0.0
ISRAEL		141,099		0.1
ITALY		699,887		0.5
JAPAN		5,439,942		4.2
JERSEY, C.I.		17,062		0.0
KOREA, REPUBLIC OF		1,273,609		1.0
LUXEMBOURG		35,951		0.0
MACAU		26,219		0.0
MALAYSIA		285,938		0.2
MEXICO		381,211		0.3
MONACO		2,348		0.0

187

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

Country	Value (000)		% of total portfolio
NETHERLANDS	$	1,257,398		1.0	%
NEW ZEALAND		101,409		0.1
NORWAY		257,285		0.2
PANAMA		16,042		0.0
PERU		21,189		0.0
PHILIPPINES		109,147		0.1
POLAND		136,150		0.1
PORTUGAL		80,065		0.1
PUERTO RICO		14,247		0.0
ROMANIA		635		0.0
RUSSIA		334,784		0.3
SINGAPORE		404,098		0.3
SOUTH AFRICA		574,177		0.4
SPAIN		556,416		0.4
SWEDEN		1,029,790		0.8
SWITZERLAND		2,360,346		1.8
TAIWAN		1,082,518		0.8
THAILAND		208,828		0.2
TURKEY		126,921		0.1
UKRAINE		540		0.0
UNITED ARAB EMIRATES		25,157		0.0
UNITED KINGDOM		5,494,722		4.2
VIETNAM		1,625		0.0
TOTAL FOREIGN		38,669,066		29.6
TOTAL PORTFOLIO	$	130,718,326		100.0	%

188

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND
GLOBAL EQUITIES ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
March 31, 2014

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 98.8%
AUSTRALIA - 2.2%
	167,503		AGL Energy Ltd	$	2,362
	56,129	e	ALS Ltd		383
	938,241	*	Alumina Ltd		1,045
	506,847		Amcor Ltd		4,897
	1,047,726		AMP Ltd		4,850
	122,011	e	APA Group		727
	262,749		Asciano Group		1,271
	1,246,419		Australia & New Zealand Banking Group Ltd		38,343
	59,331		Australian Stock Exchange Ltd		1,988
	47,247		Bank of Queensland Ltd		565
	60,838		Bendigo Bank Ltd		643
	681,005	*,m	BGP Holdings plc		0	^
	2,188,800		BHP Billiton Ltd		74,190
	126,480	*	BlueScope Steel Ltd		721
	114,669		Boral Ltd		603
	447,285		Brambles Ltd		3,848
	19,177		Caltex Australia Ltd		392
	312,938		CFS Gandel Retail Trust		549
	800,000		Challenger Financial Services Group Ltd		4,760
	189,166		Coca-Cola Amatil Ltd		1,938
	8,461	e	Cochlear Ltd		448
	446,083		Commonwealth Bank of Australia		32,113
	154,497		Computershare Ltd		1,738
	420,941		Crown Ltd		6,510
	153,516		CSL Ltd		9,916
	799,457	e	David Jones Ltd		2,419
	744,146		DB RREEF Trust		734
	70,491		DuluxGroup Ltd		375
	4,411,057		Echo Entertainment Group Ltd		10,041
	206,623		Federation Centres		453
	157,733	e	Flight Centre Ltd		7,695
	228,983	e	Fortescue Metals Group Ltd		1,121
	254,397		GPT Group (ASE)		865
	73,749	e	Harvey Norman Holdings Ltd		226
	62,072		Iluka Resources Ltd		572
	338,303		Incitec Pivot Ltd		930
	687,700		Insurance Australia Group Ltd		3,557
	2,993,669		John Fairfax Holdings Ltd		2,546
	57,149	e	Leighton Holdings Ltd		1,120
	200,029		Lend Lease Corp Ltd		2,203
	257,747		Macquarie Goodman Group		1,134
	118,691		Macquarie Group Ltd		6,400
	124,769	e	Metcash Ltd		303
	1,214,495		Mirvac Group		1,919

189

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,074,368		National Australia Bank Ltd	$	35,422
	498,596		Newcrest Mining Ltd		4,562
	321,889		OneSteel Ltd		405
	121,350		Orica Ltd		2,469
	388,451		Origin Energy Ltd		5,159
	328,034	*	Orora Ltd		418
	72,671		Oxiana Ltd		240
	151,507	*	Qantas Airways Ltd		156
	480,088		QBE Insurance Group Ltd		5,705
	297,102		QR National Ltd		1,419
	19,348		Ramsay Health Care Ltd		865
	7,784		REA Group Ltd		353
	43,305	*	Recall Holdings Ltd		187
	203,856		Rio Tinto Ltd		12,024
	327,093		Santos Ltd		4,101
	47,723		Seek Ltd		780
	39,943		Shopping Centres Australasia Property Group		62
	55,872		Sonic Healthcare Ltd		895
	240,978		SP AusNet		293
	850,842		Stockland Trust Group		2,964
	474,556		Suncorp-Metway Ltd		5,679
	239,402		Sydney Airport		932
	105,707		Tabcorp Holdings Ltd		335
	207,107		Tattersall’s Ltd		558
	1,639,604		Telstra Corp Ltd		7,731
	263,059		Toll Holdings Ltd		1,272
	405,253		Transurban Group		2,732
	94,841		Treasury Wine Estates Ltd		312
	388,529		Wesfarmers Ltd		14,887
	2,027,119		Westfield Group		19,309
	1,459,690		Westfield Retail Trust		4,041
	796,247	*	Westpac Banking Corp		25,601
	225,096		Woodside Petroleum Ltd		8,151
	384,114		Woolworths Ltd		12,738
	44,823		WorleyParsons Ltd		631
			TOTAL AUSTRALIA		422,801
AUSTRIA - 0.2%
	102,256	e	Andritz AG.		6,323
	24,981		Erste Bank der Oesterreichischen Sparkassen AG.		854
	65,989	*,m	Immoeast AG.		0^
	92,212		Immofinanz Immobilien Anlagen AG.		432
	170,000		Oesterreichische Post AG.		8,568
	14,339		OMV AG.		651
	490,438		Raiffeisen International Bank Holding AG.		16,366
	24,475		Telekom Austria AG.		244
	10,930		Voestalpine AG.		481
	3,531		Wiener Staedtische Allgemeine Versicherung AG.		174
			TOTAL AUSTRIA		34,093
BELGIUM - 0.4%
	21,782		Ageas		971

190

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	201,254		Anheuser-Busch InBev NV (ADR)	$	21,192
	31,925	*,m	Anheuser-Busch InBev NV (Strip VVPR)		0	^
	334,737		Arseus NV		18,055
	14,134		Belgacom S.A.		443
	7,423		Colruyt S.A.		409
	9,988		Delhaize Group		731
	7,599		Groupe Bruxelles Lambert S.A.		759
	477	*,m	Groupe Bruxelles Lambert S.A. - (Strip VVPR)		0^
	77,831		InBev NV		8,197
	24,229		KBC Groep NV		1,492
	5,766		Solvay S.A.		906
	5,052		Telenet Group Holding NV		311
	263,830	e	UCB S.A.		21,166
	10,869		Umicore		554
			TOTAL BELGIUM		75,186
BRAZIL - 0.1%
	244,700		Cia Brasileira de Distribuicao Grupo Pao de Acucar		10,757
			TOTAL BRAZIL		10,757
CANADA - 3.5%
	27,995		Agnico-Eagle Mines Ltd		848
	38,181	e	Agrium, Inc (Toronto)		3,721
	299,586		Alimentation Couche Tard, Inc		24,230
	62,715	e	AltaGas Income Trust		2,570
	332,248	e	ARC Energy Trust		9,151
	17,806	*	Atco Ltd		855
	269,589	*,e	Athabasca Oil Corp		1,941
	249,700	e	Bank of Montreal (Toronto)		16,705
	452,575	e	Bank of Nova Scotia		26,213
	576,135		Barrick Gold Corp (Canada)		10,256
	80,042	e	Baytex Energy Trust		3,296
	191,768	e	BCE, Inc		8,261
	60,948	e	Bell Aliant Regional Communications Income Fund		1,491
	27,443	*	Blackberry Ltd (New)		222
	732,144	e	Bombardier, Inc		2,722
	165,644	e	Brookfield Asset Management, Inc		6,747
	150,122		CAE, Inc		1,976
	90,233	e	Cameco Corp (Toronto)		2,066
	207,161	e	Canadian Imperial Bank of Commerce/Canada		17,849
	654,877	e	Canadian National Railway Co		36,793
	462,672		Canadian Natural Resources Ltd (Canada)		17,733
	237,397		Canadian Oil Sands Trust		4,980
	156,976	e	Canadian Pacific Railway Ltd (Toronto)		23,522
	89,848		Canadian Tire Corp Ltd		8,471
	19,942	e	Canadian Utilities Ltd		742
	200,000	*	Canfor Corp		4,722
	390,000	*	Celestica, Inc		4,269
	223,208		Cenovus Energy, Inc (Toronto)		6,455
	70,532	*	CGI Group, Inc		2,178
	37,282	e	CI Financial Corp		1,176
	101,993	e	Crescent Point Energy Corp		3,723

191

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	203,482		Dollarama, Inc	$	15,502
	442,874		Eldorado Gold Corp		2,464
	8,620		Empire Co Ltd		528
	250,406	e	Enbridge, Inc		11,373
	199,042		EnCana Corp		4,251
	31,421	e	Enerplus Resources Fund		628
	3,640		Fairfax Financial Holdings Ltd		1,580
	103,594		Finning International, Inc		2,933
	19,778		First Capital Realty, Inc		314
	275,331		First Quantum Minerals Ltd		5,088
	122,582	e	Fortis, Inc		3,495
	77,653		Franco-Nevada Corp		3,568
	10,482		George Weston Ltd		781
	67,414		Gildan Activewear, Inc		3,397
	242,702	e	Goldcorp, Inc		5,921
	151,854		Great-West Lifeco, Inc		4,185
	19,466		H&R Real Estate Investment Trust		403
	165,535	e	Husky Energy, Inc		4,965
	21,052	e	IGM Financial, Inc		993
	134,451	e	Imperial Oil Ltd		6,261
	20,097		Industrial Alliance Insurance and Financial Services, Inc		826
	25,452		ING Canada, Inc		1,584
	42,956	e	Inter Pipeline Ltd		1,134
	73,275	e	Keyera Facilities Income Fund		4,646
	674,248	*	Kinross Gold Corp		2,787
	130,000		Linamar Corp		5,997
	25,847	e	Loblaw Cos Ltd		1,097
	16,568	*,e	Lululemon Athletica, Inc		871
	80,000		Magna International, Inc - Class A (NY)		7,705
	66,963		Magna International, Inc (Class A)		6,438
	592,184		Manulife Financial Corp		11,420
	23,400	*	MEG Energy Corp		791
	15,070		Methanex Corp		964
	136,673	e	Metro, Inc		8,024
	149,322	e	National Bank of Canada		5,984
	278,986	*	New Gold, Inc		1,380
	21,285		Onex Corp		1,182
	190,162		Open Text Corp		9,086
	147,375	e	Pembina Pipeline Income Fund		5,596
	118,202	e	Pengrowth Energy Trust		715
	85,729	e	Penn West Energy Trust		717
	672,774	e	Peyto Energy Trust		22,955
	320,531	e	Potash Corp of Saskatchewan (Toronto)		11,595
	174,273	e	Power Corp Of Canada		4,764
	123,003	e	Power Financial Corp		3,809
	98,488		RioCan Real Estate Investment Trust		2,372
	96,692	e	Rogers Communications, Inc (Class B)		4,007
	522,633		Royal Bank of Canada (Toronto)		34,459
	65,830		Saputo, Inc		3,316
	82,981	e	Shaw Communications, Inc (B Shares)		1,982
	47,555		Shoppers Drug Mart Corp		2,617
	177,475		Silver Wheaton Corp		4,026

192

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	28,757		SNC-Lavalin Group, Inc	$	1,257
	179,289		Sun Life Financial, Inc		6,208
	1,015,201		Suncor Energy, Inc		35,456
	728,358		Talisman Energy, Inc (Toronto)		7,261
	140,502	e	Teck Cominco Ltd		3,032
	114,003	*	TELUS Corp		4,087
	77,049		Tim Hortons, Inc (Toronto)		4,261
	1,079,716	e	Toronto-Dominion Bank		50,621
	253,888	*	Tourmaline Oil Corp		12,002
	67,768	e	TransAlta Corp		787
	430,804	e	TransCanada Corp		19,582
	360,365	e	TransForce, Inc		7,673
	417,320	*	Turquoise Hill Resources Ltd		1,397
	48,788	e	Vermilion Energy Trust		3,047
	180,000		Westjet Airlines Ltd		3,952
	253,244		Yamana Gold, Inc		2,217
			TOTAL CANADA		672,200
CAYMAN ISLANDS - 0.0%
	54,464	e	Herbalife Ltd		3,119
			TOTAL CAYMAN ISLANDS		3,119
CHINA - 0.9%
	8,651	*,e	58.COM, Inc (ADR)		360
	6,712,000		Agile Property Holdings Ltd		5,515
	794,000		Agricultural Bank of China		347
	2,708,700		Bank of Communications Co Ltd		1,775
	2,370,948		BOC Hong Kong Holdings Ltd		6,770
	1,122,000		China Aoyuan Property Group Ltd		203
	14,266,800		China Everbright International Ltd		19,589
	4,734,000		China Gas Holdings Ltd		7,405
	4,100,000		China Medical System Holdings Ltd		4,650
	1,119,500		China Merchants Bank Co Ltd		2,036
	3,875,000	*,e	China Modern Dairy Holdings		1,668
	1,300,255	*	China New Town Development Co Ltd		109
	12,000,000		China Railway Group Ltd		5,607
	1,818,900	e	China South Locomotive and Rolling Stock Corp		1,533
	2,738,000		China State Construction International Holdings Ltd		4,647
	7,000,000	e	Chongqing Rural Commercial Bank		3,077
	203,000		CNOOC Ltd		307
	7,000,000		Country Garden Holdings Co Ltd		2,922
	5,121,000		Dah Chong Hong Holdings Ltd		3,332
	209,000	*	Glorious Property Holdings Ltd		29
	5,142,000	e	Golden Eagle Retail Group Ltd		7,111
	1,450,000	e	Great Wall Motor Co Ltd		7,305
	2,250,000		Guangzhou R&F Properties Co Ltd		3,257
	1,000,000	*	Hisense Kelon Electrical Holdings Co Ltd		1,229
	10,000,000		Huadian Fuxin Energy Corp Ltd		5,467
	15,000,000		Huadian Power International Co		7,295
	16,910,000		Huaneng Renewables Corp Ltd		5,747
	8,556,000		Industrial & Commercial Bank of China		5,275
	12,008,500		KWG Property Holding Ltd		6,623

193

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	227,800	*,e	Qunar Cayman Islands Ltd (ADR)	$	6,968
	1,471,000	e	Shanghai Fosun Pharmaceutical Group Co Ltd		5,130
	37,500	*	Sina Corp		2,265
	2,259,948		Sino-Ocean Land Holdings Ltd		1,238
	267,800		Tencent Holdings Ltd		18,692
	950,000		Xinao Gas Holdings Ltd		6,628
	268,000	e	Yangzijiang Shipbuilding		231
	8,057,000	e	Yanlord Land Group Ltd		6,869
	2,111,000		Zhuzhou CSR Times Electric Co Ltd		7,127
			TOTAL CHINA		176,338
COLOMBIA - 0.0%
	199,372		Pacific Rubiales Energy Corp (Toronto)		3,591
			TOTAL COLOMBIA		3,591
DENMARK - 0.5%
	51	e	AP Moller - Maersk AS (Class A)		587
	127	e	AP Moller - Maersk AS (Class B)		1,520
	10,402		Carlsberg AS (Class B)		1,034
	203,300		Christian Hansen Holding		8,069
	10,783		Coloplast AS		872
	64,310		Danske Bank AS		1,789
	18,124	e	DSV AS		584
	300,000		GN Store Nord		7,447
	80,000	*,e	H Lundbeck AS		2,464
	1,186,457		Novo Nordisk AS		54,022
	22,136		Novozymes AS		973
	779,790		TDC AS		7,209
	300,000	*	Topdanmark AS		8,729
	2,201		TrygVesta AS		218
	2,605	*,e	William Demant Holding		223
			TOTAL DENMARK		95,740
FINLAND - 0.4%
	13,702	e	Elisa Oyj (Series A)		394
	43,209	e	Fortum Oyj		982
	30,350		Kone Oyj (Class B)		1,274
	11,931	e	Metso Oyj		391
	12,044	e	Neste Oil Oyj		246
	5,615,869	*	Nokia Oyj		41,318
	10,644	e	Nokian Renkaat Oyj		431
	413,752	e	OKO Bank (Class A)		9,211
	9,585	e	Orion Oyj (Class B)		289
	305,238		Sampo Oyj (A Shares)		15,845
	52,381		Stora Enso Oyj (R Shares)		561
	51,726	e	UPM-Kymmene Oyj		885
	17,125		Wartsila Oyj (B Shares)		931
			TOTAL FINLAND		72,758
FRANCE - 4.2%
	378,990		Accor S.A.		19,396
	2,905		Aeroports de Paris		362

194

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	30,304		Air Liquide	$	4,104
	270,522	*	Alcatel S.A.		1,065
	594,900		Alcatel-Lucent (ADR)		2,320
	20,779		Alstom RGPT		567
	6,210		Arkema		703
	279,689		Atos Origin S.A.		25,275
	173,492		AXA S.A.		4,507
	1,124,295		BNP Paribas		86,682
	18,674	e	Bouygues S.A.		778
	21,495		Bureau Veritas S.A.		659
	13,973		Cap Gemini S.A.		1,058
	59,537		Carrefour S.A.		2,303
	5,396		Casino Guichard Perrachon S.A.		642
	1	*	CGG (ADR)		0	^
	5,301		Christian Dior S.A.		1,018
	16,439		CNP Assurances		348
	352,426		Compagnie de Saint-Gobain		21,277
	15,939	*,e	Compagnie Generale de Geophysique S.A.		255
	96,673	*	Credit Agricole S.A.		1,524
	5,975		Dassault Systemes S.A.		699
	607,723		Edenred		19,064
	774,213		Electricite de France		30,613
	19,955		Essilor International		2,014
	3,073		Eurazeo		276
	890,703		European Aeronautic Defence and Space Co		63,793
	13,507		Eutelsat Communications		458
	596,229	*	Faurecia		25,184
	2,551		Fonciere Des Regions		236
	180,295		France Telecom S.A.		2,663
	678,301	*	GameLoft		7,185
	278,016		Gaz de France		7,605
	2,129		Gecina S.A.		283
	55,117	e	Groupe Danone		3,894
	52,851		Groupe Eurotunnel S.A.		675
	3,682		Icade		364
	2,459		Iliad S.A.		709
	3,092		Imerys S.A.		275
	734,816		JC Decaux S.A.		32,160
	9,806		Klepierre		439
	18,168		Lafarge S.A.		1,418
	10,987		Lagardere S.C.A.		436
	25,471		Legrand S.A.		1,582
	144,468		L’Oreal S.A.		23,834
	49,627		LVMH Moet Hennessy Louis Vuitton S.A.		8,993
	18,148		Michelin (C.G.D.E.) (Class B)		2,269
	89,811		Natixis		660
	297,405	*	Numericable SAS		11,689
	20,689		Pernod-Ricard S.A.		2,408
	7,373		PPR		1,503
	17,549		Publicis Groupe S.A.		1,584
	99,645	e	Remy Cointreau S.A.		7,993
	389,586		Renault S.A.		37,842

195

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,067,591		Rexel S.A.	$	28,011
	25,766		Safran S.A.		1,785
	663,022		Sanofi-Aventis		69,285
	53,180		Schneider Electric S.A.		4,713
	154,426		SCOR		5,409
	2,794		Societe BIC S.A.		367
	654,507		Societe Generale		40,289
	9,152		Sodexho Alliance S.A.		959
	287,324		Suez Environnement S.A.		5,837
	9,888		Technip S.A.		1,019
	314,852		Teleperformance		18,245
	8,909		Thales S.A.		591
	1,192,199	e	Total S.A.		78,476
	9,584		Unibail-Rodamco		2,487
	157,018		Valeo S.A.		22,113
	10,641		Vallourec		577
	34,004		Veolia Environnement		674
	46,412		Vinci S.A.		3,445
	1,364,782		Vivendi Universal S.A.		37,986
	3,061		Wendel		476
	16,413		Zodiac S.A.		580
			TOTAL FRANCE		798,967
GERMANY - 4.0%
	20,379		Adidas-Salomon AG.		2,204
	500,963		Allianz AG.		84,672
	3,869		Axel Springer AG.		248
	88,895		BASF AG.		9,892
	702,028		Bayer AG.		95,071
	117,215		Bayerische Motoren Werke AG.		14,812
	3,035		Bayerische Motoren Werke AG. (Preference)		287
	698,503		Beiersdorf AG.		68,128
	4,912		Brenntag AG.		912
	6,456		Celesio AG.		221
	94,415	*	Commerzbank AG.		1,737
	158,533		Continental AG.		38,019
	755,646		Daimler AG. (Registered)		71,483
	588,423		Deutsche Bank AG.		26,372
	18,848		Deutsche Boerse AG.		1,501
	191,522	*	Deutsche Lufthansa AG.		5,022
	1,748,365		Deutsche Post AG.		65,000
	281,115		Deutsche Telekom AG.		4,561
	28,582		Deutsche Wohnen AG.		613
	65,000		Duerr AG.		5,020
	174,348		E.ON AG.		3,405
	3,304		Fraport AG. Frankfurt Airport Services Worldwide		247
	180,000		Freenet AG.		6,300
	20,943		Fresenius Medical Care AG.		1,465
	12,174		Fresenius SE		1,911
	3,408		Fuchs Petrolub AG. (Preference)		342
	17,496		GEA Group AG.		799
	75,691		Hannover Rueckversicherung AG.		6,771

196

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	13,731		HeidelbergCement AG.	$	1,177
	12,630		Henkel KGaA		1,270
	17,368		Henkel KGaA (Preference)		1,869
	3,157		Hochtief AG.		287
	2,991		Hugo Boss AG.		398
	105,260		Infineon Technologies AG.		1,256
	17,287		K&S AG.		568
	2,146		Kabel Deutschland Holding AG.		295
	117,569		Lanxess AG.		8,874
	17,896		Linde AG.		3,583
	3,370		MAN AG.		430
	6,297		Merck KGaA		1,060
	12,412		Metro AG.		506
	101,156	*	Morphosys AG.		9,407
	47,374		Muenchener Rueckver AG.		10,352
	357,334	*	Osram Licht AG.		23,170
	14,814		Porsche AG.		1,523
	816,976	*	Premiere AG.		7,050
	685,293		ProSiebenSat. Media AG.		31,434
	189,575		RTL Group		21,591
	46,911		RWE AG.		1,904
	897		RWE AG. (Preference)		29
	107,322		SAP AG.		8,705
	299,935		Siemens AG.		40,450
	7,913		Suedzucker AG.		226
	27,680		Telefonica Deutschland Holding AG.		221
	43,511	*	ThyssenKrupp AG.		1,167
	10,211		United Internet AG.		479
	56,779		Volkswagen AG.		14,405
	122,493		Volkswagen AG. (Preference)		31,762
	300,046		Wirecard AG.		12,458
			TOTAL GERMANY		754,921
GREECE - 0.2%
	475,000	*	National Bank of Greece S.A.		2,599
	381,000		OPAP S.A.		6,118
	9,590,678	*	Piraeus Bank S.A.		26,282
			TOTAL GREECE		34,999
HONG KONG - 1.2%
	7,731,500		AIA Group Ltd		36,772
	33,358	e	ASM Pacific Technology		324
	184,646		Bank of East Asia Ltd		723
	166,237		Cathay Pacific Airways Ltd		311
	634,111		Cheung Kong Holdings Ltd		10,544
	90,661		Cheung Kong Infrastructure Holdings Ltd		580
	593,456		CLP Holdings Ltd		4,479
	1,370,331	*	Esprit Holdings Ltd		2,283
	348,567		First Pacific Co		347
	311,000	*	Galaxy Entertainment Group Ltd		2,714
	1,811,517		Hang Lung Group Ltd		9,132
	7,534,337		Hang Lung Properties Ltd		21,737

197

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	404,870		Hang Seng Bank Ltd	$	6,459
	434,290		Henderson Land Development Co Ltd		2,541
	321,000		HKT Trust and HKT Ltd		340
	2,164,144		Hong Kong & China Gas Ltd		4,728
	374,279		Hong Kong Electric Holdings Ltd		3,249
	314,039		Hong Kong Exchanges and Clearing Ltd		4,769
	78,903		Hopewell Holdings		272
	822,416		Hutchison Whampoa Ltd		10,915
	94,519		Hysan Development Co Ltd		412
	6,006,000		Intime Retail Group Co Ltd		6,456
	4,000,000	e	iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker		4,270
	7,250	*	Kerry Logistics Network Ltd		11
	1,571,927		Kerry Properties Ltd		5,242
	1,928,638	e	Li & Fung Ltd		2,858
	5,512,000		Lifestyle International Holdings Ltd		11,214
	343,147		Link REIT		1,692
	518,415		MTR Corp		1,921
	1,371,266		New World Development Co Ltd		1,383
	627,750		Noble Group Ltd		594
	211,771		NWS Holdings Ltd		357
	568,749		PCCW Ltd		285
	34,932,400	e	REXLot Holdings Ltd		4,063
	1,701,000		Samsonite International		5,270
	922,200		Sands China Ltd		6,916
	2,770,286	*	Shanghai Real Estate Ltd		78
	225,345		Shangri-La Asia Ltd		370
	3,000,000	e	Shimao Property Holdings Ltd		6,604
	440,371		Sino Land Co		649
	288,000		SJM Holdings Ltd		811
	1,317,775		Sun Hung Kai Properties Ltd		16,181
	196,793		Swire Pacific Ltd (Class A)		2,299
	239,556		Swire Properties Ltd		684
	3,658,000	*,e	United Photovoltaics Group Ltd		383
	2,732,662		Wharf Holdings Ltd		17,526
	135,780		Wheelock & Co Ltd		532
	4,500,000	e	Xinyi Glass Holdings Co Ltd		3,671
	104,589		Yue Yuen Industrial Holdings		341
			TOTAL HONG KONG		226,292
INDIA - 0.3%
	2,006,779	*	DEN Networks Ltd		6,436
	1,530,483	*	Dhanalakshmi Bank Ltd		926
	5,036,983		DLF Ltd		14,936
	110,200		Dr Reddy’s Laboratories Ltd		4,758
	383,004	*	Hathway Cables and Datacom Pvt Ltd		1,557
	38,021		ING Vysya Bank Ltd		404
	283,431	*	Jyothy Laboratories Ltd		984
	454,322	*	LIC Housing Finance Ltd		1,799
	410,000	*	Lupin Ltd		6,406
	90,834		Prestige Estates Projects Ltd		260
	1,371,039	*	Puravankara Projects Ltd		1,568

198

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	800,000		Sun Pharmaceutical Industries Ltd	$	7,713
	813,513	*	Sunteck Realty Ltd		3,716
	27,975,619	*	Unitech Ltd		6,580
	721,230		Yes Bank Ltd		5,017
	3,190,700	*	Zee Entertainment Enterprises Ltd		2,791
			TOTAL INDIA		65,851
INDONESIA - 0.0%
	41,374,500		PT Express Transindo Utama Tbk		5,310
			TOTAL INDONESIA		5,310
IRELAND - 0.9%
	2,185,479	*	Bank of Ireland		931
	1,292,130		CRH plc		36,156
	6,125		CRH plc (Ireland)		171
	60,000		DCC plc		3,261
	2,163,653	*	Green REIT plc		3,577
	4,159,400	*	Hibernia REIT plc		6,063
	147,992	*,m	Irish Bank Resolution Corp Ltd		0^
	65,510		James Hardie Industries NV		875
	323,978		Kerry Group plc (Class A)		24,731
	149,817	*,e	King Digital Entertainment plc		2,725
	14,350	*	Ryanair Holdings plc		151
	472,342	*	Ryanair Holdings plc (ADR)		27,778
	698,096		Shire Ltd		34,559
	977,088		Smurfit Kappa Group plc		23,697
	75,453		XL Capital Ltd		2,358
			TOTAL IRELAND		167,033
ISLE OF MAN - 0.0%
	3,631,384	*	Unitech Corporate Parks plc		2,346
			TOTAL ISLE OF MAN		2,346
ISRAEL - 0.1%
	101,610		Bank Hapoalim Ltd		580
	118,509	*	Bank Leumi Le-Israel		463
	185,897		Bezeq Israeli Telecommunication Corp Ltd		331
	376		Delek Group Ltd		150
	44,057		Israel Chemicals Ltd		386
	289	*	Israel Corp Ltd		161
	12,174		Mizrahi Tefahot Bank Ltd		167
	5,615		Nice Systems Ltd		250
	82,714		Teva Pharmaceutical Industries Ltd		4,359
	195,146		Teva Pharmaceutical Industries Ltd (ADR)		10,312
			TOTAL ISRAEL		17,159
ITALY - 1.2%
	4,000,000		A2A S.p.A.		5,179
	114,054		Assicurazioni Generali S.p.A.		2,542
	35,748		Autostrade S.p.A.		918
	200,000		Azimut Holding S.p.A.		7,145

199

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	13,292,513		Banca Intesa S.p.A.	$	45,104
	617,286	*,e	Banca Monte dei Paschi di Siena S.p.A.		226
	383,466		Banche Popolari Unite Scpa		3,618
	9,800	*	Banco Popolare SC		214
	290,124	e	Brunello Cucinelli S.p.A		7,685
	162,316		Enel Green Power S.p.A		456
	639,650		Enel S.p.A.		3,618
	631,165		ENI S.p.A.		15,827
	119,290		Exor S.p.A.		5,354
	85,271	*	Fiat S.p.A.		994
	39,390	*	Finmeccanica S.p.A.		389
	88,402	*	Fondiaria-Sai S.p.A		339
	591,785		GTECH S.p.A.		17,979
	394,807		Luxottica Group S.p.A.		22,812
	4,711,537	*	Mediaset S.p.A.		26,350
	2,850,376	*	Mediobanca S.p.A.		32,627
	600,000		Mediolanum S.p.A.		5,663
	17,934	*,e	Moncler S.p.A		307
	23,828		Pirelli & C S.p.A.		375
	20,054		Prysmian S.p.A.		499
	26,295		Saipem S.p.A.		642
	192,092		Snam Rete Gas S.p.A.		1,125
	550,167		Telecom Italia RSP		516
	967,951		Telecom Italia S.p.A.		1,144
	142,509		Terna Rete Elettrica Nazionale S.p.A.		763
	420,386		UniCredit S.p.A		3,843
	424,209	*	Yoox S.p.A		14,514
			TOTAL ITALY		228,767
JAPAN - 7.5%
	3,200		ABC-Mart, Inc		139
	45,800	*,e	Acom Co Ltd		146
	400		Activia Properties Inc		3,217
	2,090		Advance Residence Investment Corp		4,448
	17,343	e	Advantest Corp		188
	222,109		Aeon Co Ltd		2,500
	11,303	e	Aeon Credit Service Co Ltd		255
	13,400		Aeon Mall Co Ltd		343
	19,000		Air Water, Inc		262
	298,942		Aisin Seiki Co Ltd		10,791
	72,529		Ajinomoto Co, Inc		1,038
	4,957		Alfresa Holdings Corp		323
	135,435	e	All Nippon Airways Co Ltd		292
	43,744		Amada Co Ltd		308
	2,638,848		Aozora Bank Ltd		7,513
	86,000	e	Aruze Corp		1,569
	216,007		Asahi Breweries Ltd		6,056
	124,773		Asahi Glass Co Ltd		722
	674,134		Asahi Kasei Corp		4,571
	19,200		Asics Corp		377
	910,705		Astellas Pharma, Inc		10,812
	40,105		Bank of Kyoto Ltd		331

200

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	443,971		Bank of Yokohama Ltd	$	2,215
	8,553		Benesse Corp		327
	547,604		Bridgestone Corp		19,407
	28,685		Brother Industries Ltd		401
	48,500		Calbee, Inc		1,143
	267,497		Canon, Inc		8,302
	28,223		Casio Computer Co Ltd		334
	55,000		Central Japan Railway Co		6,425
	277,323		Chiba Bank Ltd		1,707
	124,100	e	Chiyoda Corp		1,601
	79,066		Chubu Electric Power Co, Inc		930
	82,458		Chugai Pharmaceutical Co Ltd		2,106
	20,100		Chugoku Bank Ltd		268
	36,353		Chugoku Electric Power Co, Inc		506
	31,342		Citizen Watch Co Ltd		236
	7,471		Coca-Cola West Japan Co Ltd		130
	19,355		Credit Saison Co Ltd		385
	1,200		Crescendo Investment Corp		933
	69,076		Dai Nippon Printing Co Ltd		661
	37,630		Daicel Chemical Industries Ltd		309
	32,698		Daido Steel Co Ltd		164
	263,190		Daihatsu Motor Co Ltd		4,647
	104,500		Dai-ichi Mutual Life Insurance Co		1,520
	96,997		Daiichi Sankyo Co Ltd		1,634
	84,546		Daikin Industries Ltd		4,741
	1,600,000		Dainippon Ink and Chemicals, Inc		4,199
	19,163		Dainippon Sumitomo Pharma Co Ltd		304
	18,911		Daito Trust Construction Co Ltd		1,752
	258,556		Daiwa House Industry Co Ltd		4,390
	1,727,400		Daiwa Securities Group, Inc		15,008
	12,500	e	Dena Co Ltd		226
	312,245		Denso Corp		14,974
	26,255		Dentsu, Inc		994
	6,400		Don Quijote Co Ltd		330
	157,352		East Japan Railway Co		11,590
	94,717	e	Eisai Co Ltd		3,682
	41,093		Electric Power Development Co		1,156
	6,944		FamilyMart Co Ltd		305
	23,543		Fanuc Ltd		4,162
	19,718		Fast Retailing Co Ltd		7,132
	45,300		Fields Corp		660
	1,220,822		Fuji Electric Holdings Co Ltd		5,458
	728,442		Fuji Heavy Industries Ltd		19,726
	60,000		Fuji Television Network, Inc		1,101
	490,284		Fujifilm Holdings Corp		13,160
	2,021,091	*	Fujitsu Ltd		12,217
	97,663		Fukuoka Financial Group, Inc		401
	136,100		Glory Ltd		3,732
	79,700		GMO Payment Gateway, Inc		3,396
	12,700	e	Gree, Inc		140
	41,000	e	GungHo Online Entertainment Inc		223
	45,879		Gunma Bank Ltd		250

201

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	49,842		Hachijuni Bank Ltd	$	283
	28,800	*	Hakuhodo DY Holdings, Inc		201
	8,937		Hamamatsu Photonics KK		403
	141,000		Hankyu Hanshin Holdings, Inc		767
	700,000	*	Haseko Corp		4,377
	90,982		Hino Motors Ltd		1,347
	10,587		Hirose Electric Co Ltd		1,456
	63,000		Hiroshima Bank Ltd		263
	7,467		Hisamitsu Pharmaceutical Co, Inc		337
	12,952		Hitachi Chemical Co Ltd		176
	13,422	e	Hitachi Construction Machinery Co Ltd		258
	23,100		Hitachi High-Technologies Corp		538
	200,000		Hitachi Kokusai Electric, Inc		2,404
	4,908,285		Hitachi Ltd		36,331
	23,000		Hitachi Metals Ltd		328
	21,084	*	Hokkaido Electric Power Co, Inc		178
	143,000		Hokuhoku Financial Group, Inc		274
	19,631		Hokuriku Electric Power Co		255
	699,168		Honda Motor Co Ltd		24,601
	582,153		Hoya Corp		18,210
	158	*	Hulic Reit, Inc		216
	13,866		Ibiden Co Ltd		274
	3,052		Ichigo Real Estate Investment Corp		1,860
	79,000		Idemitsu Kosan Co Ltd		1,625
	15,700	*	Iida Group Holdings Co Ltd		217
	100	e	Industrial & Infrastructure Fund Investment Corp		823
	143,700	*	Infomart Corp		2,401
	126,000		Inpex Holdings, Inc		1,636
	174,581		Isetan Mitsukoshi Holdings Ltd		2,154
	1,868,878		Ishikawajima-Harima Heavy Industries Co Ltd		7,863
	146,169		Isuzu Motors Ltd		839
	1,067,970		Itochu Corp		12,496
	12,962	e	Itochu Techno-Science Corp		547
	31,752		Iyo Bank Ltd		303
	617,750		J Front Retailing Co Ltd		4,251
	34,000		Japan Airlines Co Ltd		1,673
	3,400		Japan Petroleum Exploration Co		113
	255,500		Japan Pile Corp		2,080
	92		Japan Prime Realty Investment Corp		298
	146		Japan Real Estate Investment Corp		735
	767		Japan Retail Fund Investment Corp		1,512
	37,560		Japan Steel Works Ltd		169
	473,400		Japan Tobacco, Inc		14,859
	175,204		JFE Holdings, Inc		3,292
	76,978		JGC Corp		2,674
	122,900	e	Jin Co Ltd		3,669
	84,624		Joyo Bank Ltd		422
	21,753		JSR Corp		402
	424,903		JTEKT Corp		6,308
	870,100		JX Holdings, Inc		4,195
	102,372		Kajima Corp		358
	17,800	*	Kakaku.com, Inc		289

202

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	211,252		Kamigumi Co Ltd	$	2,053
	25,000		Kanamoto Co Ltd		732
	33,900		Kaneka Corp		205
	86,474	*	Kansai Electric Power Co, Inc		886
	29,480		Kansai Paint Co Ltd		420
	63,753		Kao Corp		2,258
	575,212		Kawasaki Heavy Industries Ltd		2,119
	208,700	*	KDDI Corp		12,118
	172,622	e	Keihin Electric Express Railway Co Ltd		1,456
	211,910		Keio Corp		1,475
	34,426		Keisei Electric Railway Co Ltd		298
	1,454		Kenedix Realty Investment Corp		7,210
	13,305		Keyence Corp		5,481
	18,795		Kikkoman Corp		355
	16,131		Kinden Corp		156
	404,914	e	Kintetsu Corp		1,440
	105,849		Kirin Brewery Co Ltd		1,465
	343,084	*	Kobe Steel Ltd		455
	11,000		Koito Manufacturing Co Ltd		187
	215,622		Komatsu Ltd		4,520
	12,073		Konami Corp		279
	58,613		Konica Minolta Holdings, Inc		548
	901,258		Kubota Corp		11,978
	41,874		Kuraray Co Ltd		479
	13,245		Kurita Water Industries Ltd		288
	113,200		Kyocera Corp		5,102
	28,045		Kyowa Hakko Kogyo Co Ltd		299
	52,684	*	Kyushu Electric Power Co, Inc		644
	21,551		Lawson, Inc		1,525
	561,323		LIXIL Group Corp		15,489
	51,316		Mabuchi Motor Co Ltd		3,365
	58,136		Makita Corp		3,201
	1,206,872		Marubeni Corp		8,102
	27,809		Marui Co Ltd		239
	5,696		Maruichi Steel Tube Ltd		147
	790,700	e	Matsui Securities Co Ltd		8,029
	522,155		Matsushita Electric Industrial Co Ltd		5,939
	6,703,950	*	Mazda Motor Corp		29,783
	7,800	e	McDonald’s Holdings Co Japan Ltd		210
	16,812		Mediceo Paltac Holdings Co Ltd		257
	7,349		MEIJI Holdings Co Ltd		463
	632,364		Millea Holdings, Inc		18,965
	19,600		Miraca Holdings, Inc		859
	167,019		Mitsubishi Chemical Holdings Corp		694
	493,495		Mitsubishi Corp		9,154
	925,814		Mitsubishi Electric Corp		10,422
	152,705		Mitsubishi Estate Co Ltd		3,626
	304,160		Mitsubishi Gas Chemical Co, Inc		1,715
	1,193,150		Mitsubishi Heavy Industries Ltd		6,904
	15,262		Mitsubishi Logistics Corp		212
	137,293		Mitsubishi Materials Corp		389
	65,700		Mitsubishi Motors Corp		686

203

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	5,294,254		Mitsubishi UFJ Financial Group, Inc	$	29,154
	72,400	*	Mitsubishi UFJ Lease & Finance Co Ltd		355
	608,304		Mitsui & Co Ltd		8,597
	1,013,087	e	Mitsui Chemicals, Inc		2,480
	1,281,700		Mitsui Engineering & Shipbuilding Co Ltd		2,706
	525,437		Mitsui Fudosan Co Ltd		16,030
	2,000,499		Mitsui OSK Lines Ltd		7,781
	259,507		Mitsui Sumitomo Insurance Group Holdings, Inc		5,940
	1,395,918		Mitsui Trust Holdings, Inc		6,316
	8,037,956		Mizuho Financial Group, Inc		15,930
	110,000	e	Monex Beans Holdings, Inc		428
	215,300	*,e	MonotaRO Co Ltd		5,461
	168,020		Murata Manufacturing Co Ltd		15,881
	13,700		Nabtesco Corp		316
	21,506		Namco Bandai Holdings, Inc		510
	303,615		NEC Corp		933
	13,900		Nexon Co Ltd		117
	427,200	e	Next Co Ltd		3,300
	55,179		NGK Insulators Ltd		1,151
	20,988		NGK Spark Plug Co Ltd		472
	18,338		NHK Spring Co Ltd		171
	75,170	e	Nidec Corp		4,609
	704,400		Nihon Nohyaku Co Ltd		10,596
	91,281	e	Nikon Corp		1,471
	36,258		Nintendo Co Ltd		4,334
	487		Nippon Building Fund, Inc		2,548
	47,184	e	Nippon Electric Glass Co Ltd		243
	97,441		Nippon Express Co Ltd		477
	116,200		Nippon Kayaku Co Ltd		1,306
	98,900		Nippon Konpo Unyu Soko Co Ltd		1,744
	21,944		Nippon Meat Packers, Inc		327
	21,000		Nippon Paint Co Ltd		318
	2,635		Nippon ProLogis REIT, Inc		5,319
	2,759,606		Nippon Steel Corp		7,530
	279,830		Nippon Telegraph & Telephone Corp		15,206
	570,308		Nippon Yusen Kabushiki Kaisha		1,656
	79,721		Nishi-Nippon City Bank Ltd		179
	1,169,343		Nissan Motor Co Ltd		10,423
	26,100		Nisshin Seifun Group, Inc		287
	7,335		Nissin Food Products Co Ltd		331
	242,400		Nissin Kogyo Co Ltd		4,517
	8,400		Nitori Co Ltd		365
	152,837		Nitto Denko Corp		7,329
	40,800		NKSJ Holdings, Inc		1,048
	12,151		NOK Corp		198
	1,315,163		Nomura Holdings, Inc		8,437
	15,074		Nomura Real Estate Holdings, Inc		289
	16		Nomura Real Estate Office Fund, Inc		70
	308,064		Nomura Research Institute Ltd		9,718
	56,911		NSK Ltd		584
	85,500		NTT Data Corp		3,318
	560,700		NTT DoCoMo, Inc		8,835

204

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	14,400		NTT Urban Development Corp	$	136
	78,259		Obayashi Corp		441
	228,098	e	Odakyu Electric Railway Co Ltd		1,963
	96,797		OJI Paper Co Ltd		433
	263,100		Okabe Co Ltd		3,782
	15,100		Okinawa Electric Power Co, Inc		512
	487,900	*	Olympus Corp		15,579
	75,202		Omron Corp		3,112
	212,898	e	Ono Pharmaceutical Co Ltd		18,508
	4,703		Oracle Corp Japan		213
	77,617		Oriental Land Co Ltd		11,799
	2,193,400	*	ORIX Corp		30,914
	1,165,581		Osaka Gas Co Ltd		4,405
	30,300		Osaka Securities Exchange Co Ltd		741
	3,087		Otsuka Corp		403
	154,900		Otsuka Holdings KK		4,634
	93,300		Park24 Co Ltd		1,773
	307,900		Rakuten, Inc		4,113
	2,157,730		Resona Holdings, Inc		10,427
	81,581		Ricoh Co Ltd		946
	4,299		Rinnai Corp		378
	20,824		Rohm Co Ltd		930
	6,680		Sankyo Co Ltd		281
	267,000	e	Sanrio Co Ltd		9,013
	8,987		Santen Pharmaceutical Co Ltd		398
	212,000		Sapporo Holdings Ltd		833
	144,800		Sawai Pharmaceutical Co Ltd		8,871
	24,280		SBI Holdings, Inc		293
	25,834		Secom Co Ltd		1,485
	247,443		Sega Sammy Holdings, Inc		5,555
	9,600		Seiko Epson Corp		300
	270,551		Sekisui Chemical Co Ltd		2,810
	247,020		Sekisui House Ltd		3,055
	381,281		Seven & I Holdings Co Ltd		14,529
	73,000		Seven Bank Ltd		286
	172,106	*,e	Sharp Corp		524
	21,319	*	Shikoku Electric Power Co, Inc		289
	29,982		Shimadzu Corp		266
	2,597		Shimamura Co Ltd		225
	9,581		Shimano, Inc		964
	72,062		Shimizu Corp		373
	196,600		Shin-Etsu Chemical Co Ltd		11,207
	198,649		Shinsei Bank Ltd		390
	36,833		Shionogi & Co Ltd		681
	44,485		Shiseido Co Ltd		784
	70,301		Shizuoka Bank Ltd		685
	594,000		Shoei Co Ltd		8,154
	188,654	e	Showa Denko KK		267
	22,973		Showa Shell Sekiyu KK		205
	6,388		SMC Corp		1,685
	813,560		Softbank Corp		61,479
	2,556,836		Sojitz Holdings Corp		4,359

205

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	77,400		So-net M3, Inc	$	1,269
	1,204,182	e	Sony Corp		22,936
	22,100		Sony Financial Holdings, Inc		361
	315,915		Stanley Electric Co Ltd		7,011
	14,476		Sumco Corp		112
	183,883		Sumitomo Chemical Co Ltd		678
	396,163	e	Sumitomo Corp		5,037
	108,576		Sumitomo Electric Industries Ltd		1,621
	1,417,625		Sumitomo Heavy Industries Ltd		5,766
	64,464		Sumitomo Metal Mining Co Ltd		808
	1,181,679		Sumitomo Mitsui Financial Group, Inc		50,651
	289,996		Sumitomo Realty & Development Co Ltd		11,350
	21,363		Sumitomo Rubber Industries, Inc		272
	16,100		Suntory Beverage & Food Ltd		555
	239,654		Suruga Bank Ltd		4,222
	8,987		Suzuken Co Ltd		348
	45,022		Suzuki Motor Corp		1,174
	49,200		Sysmex Corp		1,569
	71,500		T&D Holdings, Inc		851
	142,000		Taiheiyo Cement Corp		511
	1,091,143	e	Taisei Corp		4,869
	4,023		Taisho Pharmaceutical Holdings Co Ltd		324
	29,357		Taiyo Nippon Sanso Corp		231
	32,718		Takashimaya Co Ltd		306
	113,248		Takeda Pharmaceutical Co Ltd		5,360
	80,181		Tanabe Seiyaku Co Ltd		1,122
	43,827		TDK Corp		1,828
	1,266,613		Teijin Ltd		3,138
	37,452		Terumo Corp		816
	59,976		THK Co Ltd		1,344
	331,878		Tobu Railway Co Ltd		1,602
	14,275		Toho Co Ltd		286
	52,000	e	Toho Gas Co Ltd		283
	55,715	*	Tohoku Electric Power Co, Inc		573
	178,260	*	Tokyo Electric Power Co, Inc		717
	50,010		Tokyo Electron Ltd		3,108
	1,996,924		Tokyo Gas Co Ltd		10,126
	367,300		Tokyo Tatemono Co Ltd		3,147
	574,852		Tokyu Corp		3,513
	63,900	*	Tokyu Fudosan Holdings Corp		476
	372,126		TonenGeneral Sekiyu KK		3,283
	70,427		Toppan Printing Co Ltd		504
	555,664		Toray Industries, Inc		3,666
	1,503,481		Toshiba Corp		6,373
	900,000		Tosoh Corp		3,467
	34,681	e	Toto Ltd		481
	20,439		Toyo Seikan Kaisha Ltd		332
	41,099		Toyo Suisan Kaisha Ltd		1,373
	187,997		Toyoda Gosei Co Ltd		3,599
	7,900	e	Toyota Boshoku Corp		80
	19,961		Toyota Industries Corp		959
	2,084,148		Toyota Motor Corp		117,533

206

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	26,194		Toyota Tsusho Corp	$	664
	12,728		Trend Micro, Inc		393
	120,000		TS Tech Co Ltd		3,633
	6,923	e	Tsumura & Co		166
	133,932		UBE Industries Ltd		247
	90,151		Uni-Charm Corp		4,810
	294		United Urban Investment Corp		433
	26,430		USS Co Ltd		371
	40,500		West Japan Railway Co		1,653
	541,700		Yahoo! Japan Corp		2,654
	10,777		Yakult Honsha Co Ltd		541
	111,190	e	Yamada Denki Co Ltd		371
	25,406		Yamaguchi Financial Group, Inc		229
	19,888		Yamaha Corp		256
	33,983		Yamaha Motor Co Ltd		542
	5,200		Yamato Kogyo Co Ltd		163
	45,455		Yamato Transport Co Ltd		978
	13,553		Yamazaki Baking Co Ltd		160
	376,384	e	Yaskawa Electric Corp		5,200
	26,010		Yokogawa Electric Corp		420
	26,000		Yokohama Rubber Co Ltd		245
			TOTAL JAPAN		1,436,801
JERSEY, C.I. - 0.0%
	8,555		Randgold Resources Ltd		642
			TOTAL JERSEY, C.I.		642
KOREA, REPUBLIC OF - 0.2%
	150,000		Halla Climate Control Corp		6,871
	174,800	*	Hynix Semiconductor, Inc		5,931
	73,131		KB Financial Group, Inc		2,566
	7,637		Samsung Electronics Co Ltd		9,655
	179,000		Seoul Semiconductor Co Ltd		7,644
	50,000		Woongjin Coway Co Ltd		3,504
			TOTAL KOREA, REPUBLIC OF		36,171
LUXEMBOURG - 0.0%
	96,815	e	ArcelorMittal		1,562
	6,378		Millicom International Cellular S.A.		650
	29,213		SES Global S.A.		1,090
	45,859		Tenaris S.A.		1,013
			TOTAL LUXEMBOURG		4,315
MACAU - 0.1%
	137,600		MGM China Holdings Ltd		486
	3,029,300		Wynn Macau Ltd		12,609
			TOTAL MACAU		13,095
MALAYSIA - 0.0%
	1,151,800		Public Bank BHD		6,764
	33,959		YNH Property BHD		19
			TOTAL MALAYSIA		6,783

207

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
MEXICO - 0.1%
	18,350		Fresnillo plc	$	259
	1,800,000	*,e	Genomma Lab Internacional S.A. de C.V.		4,628
	700,000	*,e	Gruma SAB de C.V.		5,790
			TOTAL MEXICO		10,677
NETHERLANDS - 1.8%
	200,000		Aalberts Industries NV		6,966
	174,502		Aegon NV		1,607
	273,049		Akzo Nobel NV		22,270
	528,361		ASML Holding NV		49,182
	44,600	e	ASML Holding NV (ADR)		4,164
	7,389		Boskalis Westminster		407
	90,895	*	CNH Industrial NV		1,046
	6,783		Corio NV		310
	18,621		Delta Lloyd NV		516
	14,983		DSM NV		1,028
	6,960	e	Fugro NV		428
	100,661	e	Gemalto NV		11,732
	10,030		Heineken Holding NV		648
	22,527		Heineken NV		1,568
	5,718,588	*	ING Groep NV		81,328
	1,089,079	*,e	ING Groep NV (ADR)		15,519
	460,247		Koninklijke Ahold NV		9,244
	92,932		Koninklijke Philips Electronics NV		3,269
	6,589	e	Koninklijke Vopak NV		368
	432,929	*	NXP Semiconductors NV		25,460
	8,921	*	OCI NV		405
	22,506	*	Qiagen NV		473
	11,683		Randstad Holdings NV		684
	399,818		Reed Elsevier NV		8,651
	1,882,997		Royal Dutch Shell plc (A Shares)		68,800
	429,558		Royal Dutch Shell plc (B Shares)		16,770
	311,465	*	Royal KPN NV		1,099
	37,374		TNT Express NV		367
	158,218		Unilever NV		6,508
	29,010		Wolters Kluwer NV		818
	14,302		Ziggo NV		635
			TOTAL NETHERLANDS		342,270
NEW ZEALAND - 0.1%
	3,000,000		Air New Zealand Ltd		5,330
	152,027	*	Auckland International Airport Ltd		503
	52,220		Contact Energy Ltd		241
	100,963		Fletcher Building Ltd		835
	55,126		Ryman Healthcare Ltd		419
	270,144	e	Telecom Corp of New Zealand Ltd		573
	228,591	*	Xero Ltd		7,831
			TOTAL NEW ZEALAND		15,732

208

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
NORWAY - 0.3%
	16,317		Aker Kvaerner ASA	$	254
	1,075,238		DNB NOR Holding ASA		18,684
	18,623		Gjensidige Forsikring BA		378
	400,000	*	Nordic Semiconductor ASA		2,462
	125,689		Norsk Hydro ASA		626
	72,817	e	Orkla ASA		621
	36,097	e	Seadrill Ltd (Oslo Exchange)		1,271
	785,253		Statoil ASA		22,156
	66,434		Telenor ASA		1,470
	17,666		Yara International ASA		782
			TOTAL NORWAY		48,704
PANAMA - 0.0%
	40,000		Copa Holdings S.A. (Class A)		5,808
			TOTAL PANAMA		5,808
PHILIPPINES - 0.1%
	3,603,093		Metropolitan Bank & Trust		6,222
	5,171,850	*	Robinsons Retail Holdings, Inc		7,842
			TOTAL PHILIPPINES		14,064
PORTUGAL - 0.1%
	8,848,890	*,e	Banco Espirito Santo S.A.		16,571
	192,843		Energias de Portugal S.A.		895
	32,209		Galp Energia SGPS S.A.		556
	24,847	e	Jeronimo Martins SGPS S.A.		417
	64,107	e	Portugal Telecom SGPS S.A.		273
			TOTAL PORTUGAL		18,712
RUSSIA - 0.1%
	105,700		Magnit OAO (GDR)		5,788
	550,000		Sberbank of Russian Federation (ADR)		5,355
			TOTAL RUSSIA		11,143
SINGAPORE - 0.6%
	300,473		Ascendas REIT		541
	294,000	e	CapitaCommercial Trust		348
	913,082	e	CapitaLand Ltd		2,103
	777,362		CapitaMall Trust		1,170
	196,000		CapitaMalls Asia Ltd		279
	158,868	e	City Developments Ltd		1,279
	295,028	e	ComfortDelgro Corp Ltd		467
	677,025	e	DBS Group Holdings Ltd		8,723
	637,243	*	Flextronics International Ltd		5,888
	31,530,784	e	Genting International plc		33,533
	4,658,500	e	Global Logistic Properties		9,831
	1,043,497		Golden Agri-Resources Ltd		477
	514,000		Hotel Properties Ltd		1,211
	786,700	e	Hutchison Port Holdings Trust		512
	16,082	e	Jardine Cycle & Carriage Ltd		580

209

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	495,425	e	Keppel Corp Ltd	$	4,298
	753,000		Keppel Land Ltd		2,016
	26,000		K-Green Trust		22
	78,567	e	K-REIT Asia		71
	208,155	e	Olam International Ltd		369
	1,174,699	e,m	Oversea-Chinese Banking Corp		8,881
	145,609		SembCorp Industries Ltd		637
	406,857	e	SembCorp Marine Ltd		1,312
	182,492		Singapore Airlines Ltd		1,520
	317,560	e	Singapore Exchange Ltd		1,755
	607,963	e	Singapore Press Holdings Ltd		2,032
	562,896		Singapore Technologies Engineering Ltd		1,713
	3,201,704	e	Singapore Telecommunications Ltd		9,306
	84,274	e	StarHub Ltd		282
	353,022	e	United Overseas Bank Ltd		6,089
	1,065,965	e	United Overseas Land Ltd		5,316
	283,230		Wilmar International Ltd		780
			TOTAL SINGAPORE		113,341
SPAIN - 0.8%
	38,353	e	Abertis Infraestructuras S.A. (Continuous)		877
	15,774		ACS Actividades Construccion y Servicios S.A.		620
	625,877		Amadeus IT Holding S.A.		26,008
	563,183		Banco Bilbao Vizcaya Argentaria S.A.		6,772
	329,008		Banco de Sabadell S.A.		1,017
	146,709		Banco Popular Espanol S.A.		1,109
	1,131,960		Banco Santander Central Hispano S.A.		10,806
	234,480	*	Bankia S.A.		496
	2,744,498		CaixaBank, S.A.		17,666
	39,954		Cintra Concesiones de Infraestructuras de Transporte S.A.		866
	103,214		Corp Mapfre S.A.		435
	1,880,729		Distribuidora Internacional de Alimentacion S.A.		17,199
	18,836		Enagas		573
	445,101		Endesa S.A.		16,024
	234,671		Gas Natural SDG S.A.		6,602
	14,697		Grifols S.A.		805
	234		Grifols S.A. (Class B)		10
	467,039		Iberdrola S.A.		3,268
	21,349		Inditex S.A.		3,203
	104,390		Let’s GOWEX SA		3,578
	110,000		Obrascon Huarte Lain S.A.		4,786
	10,712		Red Electrica de Espana		871
	744,245		Repsol YPF S.A.		19,008
	711,369		Telefonica S.A.		11,273
	15,814	e	Zardoya Otis S.A.		270
			TOTAL SPAIN		154,142
SWEDEN - 1.1%
	31,054		Alfa Laval AB		841
	75,000	*	Arcam AB		2,283
	107,356		Assa Abloy AB (Class B)		5,718
	65,003		Atlas Copco AB (A Shares)		1,877

210

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	37,962		Atlas Copco AB (B Shares)	$	1,040
	677,200	*	Biovitrum AB		7,431
	25,042		Boliden AB		381
	669,784	e	Electrolux AB (Series B)		14,665
	36,682	e	Elekta AB (B Shares)		488
	2,099,234	e	Ericsson (LM) (B Shares)		27,998
	838,900	*,e	Fingerprint Cards AB		7,015
	19,455	e	Getinge AB (B Shares)		549
	444,375		Hennes & Mauritz AB (B Shares)		18,953
	22,654		Hexagon AB (B Shares)		770
	39,746	e	Husqvarna AB (B Shares)		278
	11,608		Industrivarden AB		225
	613,283		Intrum Justitia AB		16,737
	44,111		Investor AB (B Shares)		1,598
	100,000		JM AB		3,284
	1,114,994		Kinnevik Investment AB (Series B)		41,189
	22,047	*	Lundin Petroleum AB		454
	330,000		Meda AB (A Shares)		5,078
	200,000	e	NCC AB (B Shares)		7,243
	294,688	*	Nordea Bank AB		4,180
	103,155		Sandvik AB		1,459
	31,194		Scania AB (B Shares)		918
	29,594		Securitas AB (B Shares)		343
	147,293	e	Skandinaviska Enskilda Banken AB (Class A)		2,023
	36,435		Skanska AB (B Shares)		859
	38,412	e	SKF AB (B Shares)		984
	740,821		Svenska Cellulosa AB (B Shares)		21,818
	48,755	*,e	Svenska Handelsbanken (A Shares)		2,450
	287,470		Swedbank AB (A Shares)		7,717
	20,036		Swedish Match AB		656
	31,381	e	Tele2 AB		390
	227,532	e	TeliaSonera AB		1,718
	447,038		Volvo AB (B Shares)		7,106
			TOTAL SWEDEN		218,716
SWITZERLAND - 3.9%
	212,889		ABB Ltd		5,499
	70,926		Actelion Ltd		6,722
	330,815		Adecco S.A.		27,532
	8,185		Aryzta AG.		724
	56,636		Baloise Holding AG.		7,129
	211		Barry Callebaut AG.		285
	425,285		Cie Financiere Richemont S.A.		40,631
	19,514		Coca-Cola HBC AG.		487
	1,052,592		Credit Suisse Group		34,070
	797		EMS-Chemie Holding AG.		301
	3,661		Geberit AG.		1,200
	8,000	*	Georg Fischer AG.		6,207
	844		Givaudan S.A.		1,305
	1,027,938		Glencore Xstrata plc		5,302
	10,000		Helvetia Holding AG.		5,130
	468,223		Holcim Ltd		38,806

211

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	21,872		Julius Baer Group Ltd	$	971
	5,279		Kuehne & Nagel International AG.		739
	84		Lindt & Spruengli AG.		416
	10		Lindt & Spruengli AG. (Registered)		589
	307,870		Lonza Group AG.		31,413
	1,022,537		Nestle S.A.		76,966
	1,656,850		Novartis AG.		140,680
	2,460		Pargesa Holding S.A.		213
	1,651		Partners Group		464
	4,792		Phonak Holding AG.		701
	450,783		Roche Holding AG.		135,579
	4,538		Schindler Holding AG.		669
	1,954		Schindler Holding AG. (Registered)		287
	534		SGS S.A.		1,317
	204		Sika AG.		834
	62,770	e	STMicroelectronics NV		582
	2,439		Sulzer AG.		336
	3,151		Swatch Group AG.		1,977
	3,455		Swatch Group AG. (Registered)		401
	3,054		Swiss Life Holding		751
	5,321		Swiss Prime Site AG.		452
	535,895		Swiss Re Ltd		49,739
	2,265		Swisscom AG.		1,392
	9,046		Syngenta AG.		3,434
	591,041		TE Connectivity Ltd		35,587
	34,863		Transocean Ltd		1,437
	3,638,648		UBS AG.		75,296
	14,386		Zurich Financial Services AG.		4,418
			TOTAL SWITZERLAND		748,970
TAIWAN - 0.3%
	5,253,000		Advanced Semiconductor Engineering, Inc		5,830
	3,200,000		Cathay Financial Holding Co Ltd		4,678
	346,120		Eclat Textile Co Ltd		4,013
	364,000		Ginko International Co Ltd		6,289
	3,873,685		Hota Industrial Manufacturing Co Ltd		6,788
	861,000		King Slide Works Co Ltd		11,758
	125,000		Largan Precision Co Ltd		5,942
	374,000		MediaTek, Inc		5,536
	1,080,000		Radiant Opto-Electronics Corp		4,373
	360,000		Taiwan Semiconductor Manufacturing Co Ltd		1,416
			TOTAL TAIWAN		56,623
THAILAND - 0.0%
	3,000,000		Delta Electronics Thai PCL		5,471
			TOTAL THAILAND		5,471
TURKEY - 0.0%
	1,177,700		TAV Havalimanlari Holding AS		9,478
			TOTAL TURKEY		9,478

212

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
UNITED ARAB EMIRATES - 0.0%
	1,235,000		First Gulf Bank PJSC	$	5,482
			TOTAL UNITED ARAB EMIRATES		5,482
UNITED KINGDOM - 7.6%
	92,661		3i Group plc		615
	90,884		Aberdeen Asset Management plc		592
	25,295		Acergy S.A.		470
	19,130		Admiral Group plc		456
	26,031		Aggreko plc		652
	28,266		AMEC plc		529
	134,995		Anglo American plc (London)		3,450
	38,326		Antofagasta plc		535
	75,616		Aon plc		6,373
	1,667,004		ARM Holdings plc		28,153
	1,957,405		Ashtead Group plc		31,087
	447,435	*	ASOS plc		38,676
	139,400		Associated British Foods plc		6,468
	569,282		AstraZeneca plc		36,905
	6,851		AstraZeneca plc (ADR)		444
	367,990		Aveva Group plc		12,854
	287,505		Aviva plc		2,294
	34,125		Babcock International Group		766
	311,238		BAE Systems plc		2,162
	22,828,124		Barclays plc		88,835
	1,308,122		BG Group plc		24,422
	364,515		BHP Billiton plc		11,256
	4,458,991		BP plc		35,828
	183,979		British American Tobacco plc		10,263
	441,262		British Land Co plc		4,815
	3,125,029		British Sky Broadcasting plc		47,566
	2,339,173		Britvic plc		28,954
	765,797		BT Group plc		4,870
	32,000		Bunzl plc		853
	43,182		Burberry Group plc		1,004
	64,049		Capita Group plc		1,171
	496,029		Centrica plc		2,729
	104,953		Cobham plc		524
	574,886		Compass Group plc		8,778
	136,700		Consort Medical plc		2,135
	1,261,296		Countrywide plc		13,763
	12,877		Croda International plc		548
	200,000		CSR plc		2,422
	400,000	e	Daily Mail & General Trust		5,798
	709,113		Delphi Automotive plc		48,120
	243,083		Diageo plc		7,550
	106,715		Direct Line Insurance Group plc		423
	1,664,151		easyJet plc		47,626
	97,888		Experian Group Ltd		1,766
	156,711		GKN plc		1,021
	1,126,706		GlaxoSmithKline plc		30,044
	153,535		Group 4 Securicor plc		619

213

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	67,761		Hammerson plc	$	626
	21,506		Hargreaves Lansdown plc		523
	5,072,751		Hays plc		12,277
	3,716,684		HSBC Holdings plc		37,633
	55,012		ICAP plc		347
	26,764		IMI plc		651
	93,695		Imperial Tobacco Group plc		3,789
	44,842		Inmarsat plc		544
	25,706		InterContinental Hotels Group plc		827
	97,703	*	International Consolidated Airlines Group S.A.		682
	8,921,918	*	International Consolidated Airlines Group S. A. (London)		62,072
	400,000		International Personal Finance plc		3,419
	15,384		Intertek Group plc		790
	17,481	*	Intu Properties plc		28
	53,998		Investec plc		437
	362,444		ITV plc		1,158
	117,386		J Sainsbury plc		619
	19,908		Johnson Matthey plc		1,087
	230,516		Kingfisher plc		1,621
	76,341		Land Securities Group plc		1,301
	11,022,032		Legal & General Group plc		37,631
	121,861	*	Liberty Global plc		4,961
	71,789	*	Liberty Global plc (Class A)		2,986
	61,185	e	Liberty International plc		288
	38,529,056	*	Lloyds TSB Group plc		48,201
	17,319		London Stock Exchange Group plc		569
	3,573,424		Man Group plc		6,032
	156,925		Marks & Spencer Group plc		1,181
	75,926		Meggitt plc		609
	102,483		Melrose Industries plc		508
	600,000		MFI Furniture plc		3,726
	540,000		Mondi plc		9,463
	13,130,554	*	Monitise plc		15,561
	361,153		National Grid plc		4,963
	750,000		New Carphone Warehouse plc		4,065
	398,678		Next plc		43,875
	477,540		Old Mutual plc		1,603
	79,802		Pearson plc		1,417
	29,696		Persimmon plc		667
	25,719		Petrofac Ltd		617
	772,255	*	Poundland Group plc		4,892
	3,080,711		Prudential plc		65,232
	62,601		Reckitt Benckiser Group plc		5,109
	113,702		Reed Elsevier plc		1,738
	132,723		Resolution Ltd		661
	75,504		Rexam plc		614
	264,462		Rightmove plc		11,638
	728,318		Rio Tinto plc		40,617
	182,069		Rolls-Royce Group plc		3,259
	365,827		Royal & Sun Alliance Insurance Group plc		546
	210,983	*	Royal Bank of Scotland Group plc		1,095
	5,250,977	*	Royal Mail plc		49,358
	495,723		SABMiller plc		24,787

214

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	107,385		Sage Group plc	$	749
	9,850		Schroders plc		427
	93,586		Scottish & Southern Energy plc		2,292
	73,376		Segro plc		407
	50,992		Serco Group plc		358
	23,591		Severn Trent plc		717
	87,043		Smith & Nephew plc		1,322
	169,648		Smiths Group plc		3,605
	881,939	*	Sports Direct International plc		12,531
	951,539		Standard Chartered plc		19,897
	232,150		Standard Life plc		1,463
	271,600	*	SuperGroup plc		7,744
	43,975		Tate & Lyle plc		490
	3,706,649		Taylor Woodrow plc		7,286
	780,863		Tesco plc		3,851
	1,319,085		Travis Perkins plc		41,535
	1,143,207		TUI Travel plc		8,354
	88,776		Tullow Oil plc		1,109
	367,730		Unilever plc		15,728
	66,833		United Utilities Group plc		879
	17,706,748		Vodafone Group plc		65,114
	187,900	*	WANdisco plc		3,258
	20,944		Weir Group plc		886
	230,000		WH Smith plc		4,614
	346,764		Whitbread plc		24,069
	82,629	*	William Hill plc		470
	217,471		WM Morrison Supermarkets plc		773
	527,055		Wolseley plc		30,030
	2,252,849		WPP plc		46,549
	200,000		Xaar plc		3,128
			TOTAL UNITED KINGDOM		1,445,719
UNITED STATES - 53.8%
	165,118		3M Co		22,400
	90,000		A.O. Smith Corp		4,142
	1,471,103		Abbott Laboratories		56,652
	1,002,553		AbbVie, Inc		51,531
	27,878	e	Abercrombie & Fitch Co (Class A)		1,073
	209,571		Accenture plc		16,707
	301,565		ACE Ltd		29,873
	177,133	*	Actavis plc		36,463
	119,946		Activision Blizzard, Inc		2,452
	267,682	*	Adobe Systems, Inc		17,597
	122,179	e	ADT Corp		3,659
	18,852		Advance Auto Parts, Inc		2,385
	250,000	*	AerCap Holdings NV		10,548
	303,798		AES Corp		4,338
	275,424		Aetna, Inc		20,649
	56,676	*	Affiliated Managers Group, Inc		11,338
	72,396		Aflac, Inc		4,564
	89,888		AGCO Corp		4,958
	51,983		Agilent Technologies, Inc		2,907

215

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	32,578		Air Products & Chemicals, Inc	$	3,878
	10,170		Airgas, Inc		1,083
	46,645	*	Akamai Technologies, Inc		2,715
	64,200		Alaska Air Group, Inc		5,991
	12,745		Albemarle Corp		847
	167,355		Alcoa, Inc		2,154
	176,134	*	Alexion Pharmaceuticals, Inc		26,795
	2,613	*	Alleghany Corp		1,064
	326,283		Allegion plc		17,022
	168,120		Allergan, Inc		20,864
	78,546	*	Alliance Data Systems Corp		21,400
	61,904		Alliant Energy Corp		3,517
	26,380		Allied World Assurance Co Holdings Ltd		2,722
	369,660		Allstate Corp		20,915
	49,453		Altera Corp		1,792
	1,325,822		Altria Group, Inc		49,626
	165,774	*	Amazon.com, Inc		55,786
	27,790	*	AMC Entertainment Holdings, Inc		674
	90,000	*	AMC Networks, Inc		6,578
	9,878		Amerco, Inc		2,293
	63,544		Ameren Corp		2,618
	356,344	*	American Airlines Group, Inc		13,042
	60,014		American Capital Agency Corp		1,290
	126,074		American Electric Power Co, Inc		6,387
	476,463		American Express Co		42,896
	113,900		American Financial Group, Inc		6,573
	360,974		American International Group, Inc		18,052
	101,769		American Realty Capital Properties, Inc		1,427
	101,673		American Tower Corp		8,324
	87,677		American Water Works Co, Inc		3,981
	170,064		Ameriprise Financial, Inc		18,719
	84,926		AmerisourceBergen Corp		5,570
	99,023		Ametek, Inc		5,099
	324,368		Amgen, Inc		40,008
	68,197		Amphenol Corp (Class A)		6,250
	410,754		Anadarko Petroleum Corp		34,816
	48,740		Analog Devices, Inc		2,590
	369,833	*	Ann Taylor Stores Corp		15,341
	147,196		Annaly Capital Management, Inc		1,615
	14,178	*	Ansys, Inc		1,092
	72,208		Apache Corp		5,990
	519,296		Apple, Inc		278,727
	444,491		Applied Materials, Inc		9,077
	36,184	*	Arch Capital Group Ltd		2,082
	232,411		Archer Daniels Midland Co		10,084
	27,519	*	Arrow Electronics, Inc		1,634
	11,497		Ashland, Inc		1,144
	20,288		Assurant, Inc		1,318
	1,219,999		AT&T, Inc		42,785
	159,791	*	Autodesk, Inc		7,859
	24,948	e	Autoliv, Inc		2,504
	101,181		Automatic Data Processing, Inc		7,817

216

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	23,479	*	AutoZone, Inc	$	12,611
	527,971		Avago Technologies Ltd		34,007
	18,933		AvalonBay Communities, Inc		2,486
	25,940		Avery Dennison Corp		1,314
	21,084		Avnet, Inc		981
	111,053		Avon Products, Inc		1,626
	166,701		Axiall Corp		7,488
	222,188		Axis Capital Holdings Ltd		10,187
	398,486		Baker Hughes, Inc		25,910
	35,206		Ball Corp		1,930
	90,000	*	Bally Technologies, Inc		5,964
	5,708,788		Bank of America Corp		98,191
	179,059		Bank of New York Mellon Corp		6,319
	17,422		Bard (C.R.), Inc		2,578
	113,232		Baxter International, Inc		8,332
	108,888		BB&T Corp		4,374
	69,730	*	BE Aerospace, Inc		6,052
	22,431		Beam, Inc		1,869
	66,339		Becton Dickinson & Co		7,767
	81,152	*	Bed Bath & Beyond, Inc		5,583
	289,004	*	Berkshire Hathaway, Inc (Class B)		36,117
	306,322	*	Berry Plastics Group, Inc		7,091
	456,548		Best Buy Co, Inc		12,057
	229,586	*	Biogen Idec, Inc		70,224
	21,961	*	BioMarin Pharmaceuticals, Inc		1,498
	14,237	*	Biovail Corp		1,877
	194,070	*	Biovail Corp (Toronto)		25,532
	51,632		BlackRock, Inc		16,237
	218,000		Blackstone Group LP		7,249
	39,255		Blackstone Mortgage Trust, Inc		1,129
	147,234		Boeing Co		18,476
	59,353		BorgWarner, Inc		3,648
	39,088		Boston Properties, Inc		4,477
	342,973	*	Boston Scientific Corp		4,637
	48,900		Brinker International, Inc		2,565
	666,719		Bristol-Myers Squibb Co		34,636
	743,870		Broadcom Corp (Class A)		23,417
	160,000		Broadridge Financial Solutions, Inc		5,942
	500,000	*	Brocade Communications Systems, Inc		5,305
	12,863	e	Brookfield Office Properties, Inc (Toronto)		246
	99,494		Brown-Forman Corp (Class B)		8,924
	246,116		Bunge Ltd		19,569
	755,434	e	Burger King Worldwide, Inc		20,057
	189,247		CA, Inc		5,861
	29,115	e	Cablevision Systems Corp (Class A)		491
	214,288		Cabot Oil & Gas Corp		7,260
	97,000	*	CACI International, Inc (Class A)		7,159
	229,146	*	Calpine Corp		4,791
	12,998		Camden Property Trust		875
	37,874	*	Cameron International Corp		2,339
	31,466	e	Campbell Soup Co		1,412
	103,674		Capital One Financial Corp		7,999

217

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	94,507		Cardinal Health, Inc	$	6,614
	250,719	*	CareFusion Corp		10,084
	23,380		Carlisle Cos, Inc		1,855
	188,288	*	Carmax, Inc		8,812
	480,241		Carnival Corp		18,182
	17,952		Carnival plc		686
	755	*,e	Castlight Health, Inc		16
	36,253	*	Catamaran Corp		1,623
	74,372	*	Catamaran Corp (Toronto)		3,327
	119,510		Caterpillar, Inc		11,876
	60,000		CBOE Holdings, Inc		3,396
	726,601	*	CBRE Group, Inc		19,931
	215,400		CBS Corp (Class B)		13,312
	24,710		Celanese Corp (Series A)		1,372
	443,150	*	Celgene Corp		61,864
	265,653		Centerpoint Energy, Inc		6,293
	156,658	e	CenturyTel, Inc		5,145
	48,377	*	Cerner Corp		2,721
	91,210		CF Industries Holdings, Inc		23,773
	29,948		CH Robinson Worldwide, Inc		1,569
	298,122		Charles Schwab Corp		8,148
	9,812	*	Charter Communications, Inc		1,209
	207,539	*	Cheniere Energy, Inc		11,487
	83,993		Chesapeake Energy Corp		2,152
	884,995		Chevron Corp		105,235
	66,543		Chicago Bridge & Iron Co NV		5,799
	16,971	*	Chipotle Mexican Grill, Inc (Class A)		9,640
	39,609		Chubb Corp		3,537
	151,141		Church & Dwight Co, Inc		10,439
	592,060	*,e	Ciena Corp		13,463
	220,982		Cigna Corp		18,503
	22,437		Cimarex Energy Co		2,672
	24,933		Cincinnati Financial Corp		1,213
	26,744		Cintas Corp		1,594
	2,363,672		Cisco Systems, Inc		52,970
	29,533		CIT Group, Inc		1,448
	1,709,528		Citigroup, Inc		81,374
	28,846	*	Citrix Systems, Inc		1,657
	173,900		Cliffs Natural Resources, Inc		3,558
	20,007	e	Clorox Co		1,761
	49,725		CME Group, Inc		3,680
	130,034		CMS Energy Corp		3,807
	101,191		Coach, Inc		5,025
	67,921	*	Cobalt International Energy, Inc		1,244
	1,214,229		Coca-Cola Co		46,942
	144,118		Coca-Cola Enterprises, Inc		6,883
	686,039	*	Cognizant Technology Solutions Corp (Class A)		34,720
	338,059	*	Colgate-Palmolive Co		21,930
	2,328,644		Comcast Corp (Class A)		116,479
	174,802		Comcast Corp (Special Class A)		8,523
	48,740		Comerica, Inc		2,525
	140,219		Computer Sciences Corp		8,528

218

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	565,857		ConAgra Foods, Inc	$	17,559
	324,087	*	Concho Resources, Inc		39,701
	366,840		ConocoPhillips		25,807
	300,000		Conseco, Inc		5,430
	416,152		Consol Energy, Inc		16,625
	45,657		Consolidated Edison, Inc		2,450
	43,407	*	Constellation Brands, Inc (Class A)		3,688
	26,981	*,e	Continental Resources, Inc		3,353
	11,928		Core Laboratories NV		2,367
	273,046		Corning, Inc		5,685
	141,314		Costco Wholesale Corp		15,782
	506,465		Covidien plc		37,306
	70,000		Crane Co		4,981
	18,365	*	Cree, Inc		1,039
	51,698		Crown Castle International Corp		3,814
	21,908	*	Crown Holdings, Inc		980
	158,564		CSX Corp		4,594
	137,885		Cummins, Inc		20,543
	891,268		CVS Corp		66,720
	148,034		Cytec Industries, Inc		14,450
	579,977		Danaher Corp		43,498
	193,470		Darden Restaurants, Inc		9,821
	46,497	*	DaVita, Inc		3,201
	56,760		Deere & Co		5,154
	741,542		Delta Air Lines, Inc		25,694
	110,000		Deluxe Corp		5,772
	549,426		Denbury Resources, Inc		9,011
	21,857		Dentsply International, Inc		1,006
	68,222		Devon Energy Corp		4,566
	10,539	e	Diamond Offshore Drilling, Inc		514
	15,599		Dick’s Sporting Goods, Inc		852
	19,452	e	Digital Realty Trust, Inc		1,033
	412,365	*	DIRECTV		31,513
	379,008		Discover Financial Services		22,054
	50,021	*	Discovery Communications, Inc (Class A)		4,137
	26,205	*	Discovery Communications, Inc (Class C)		2,019
	86,082	*	DISH Network Corp (Class A)		5,355
	57,874	*	Dollar General Corp		3,211
	34,670	*	Dollar Tree, Inc		1,809
	150,464		Dominion Resources, Inc		10,681
	26,526		Dover Corp		2,169
	1,327,313		Dow Chemical Co		64,494
	169,538		DR Horton, Inc		3,671
	44,672		Dr Pepper Snapple Group, Inc		2,433
	70,652		DTE Energy Co		5,249
	178,757		Du Pont (E.I.) de Nemours & Co		11,995
	225,644		Duke Energy Corp		16,070
	86,843		Duke Realty Corp		1,466
	5,932		Dun & Bradstreet Corp		589
	123,999		East West Bancorp, Inc		4,526
	23,669		Eastman Chemical Co		2,041
	445,375		Eaton Corp		33,457

219

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	19,646		Eaton Vance Corp	$	750
	1,018,397	*	eBay, Inc		56,256
	115,193		Ecolab, Inc		12,440
	79,768		Edison International		4,516
	17,633	*	Edwards Lifesciences Corp		1,308
	79,093	*	Electronic Arts, Inc		2,294
	244,233		Eli Lilly & Co		14,376
	1,548,613		EMC Corp		42,447
	110,037		Emerson Electric Co		7,350
	338,771	*,e	Endo International plc		23,257
	18,531		Energen Corp		1,498
	49,687		Energizer Holdings, Inc		5,005
	1,784	*	Engility Holdings, Inc		80
	36,471		Ensco plc		1,925
	31,956		Entergy Corp		2,136
	120,666		EOG Resources, Inc		23,671
	636,409	*,e	EP Energy Corp		12,455
	18,599		Equifax, Inc		1,265
	7,657	*	Equinix, Inc		1,415
	65,795		Equitable Resources, Inc		6,380
	52,717		Equity Residential		3,057
	37,445		Estee Lauder Cos (Class A)		2,504
	50,000	*	Esterline Technologies Corp		5,327
	30,300		Everest Re Group Ltd		4,637
	280,000		Exelis, Inc		5,323
	989,815		Exelon Corp		33,218
	275,534		Expedia, Inc		19,976
	31,889		Expeditors International of Washington, Inc		1,264
	200,000	*	Express Parent LLC		3,176
	180,994	*	Express Scripts Holding Co		13,591
	730,752		Extended Stay America, Inc		16,639
	1,821,213	d	Exxon Mobil Corp		177,896
	226,641	*	F5 Networks, Inc		24,167
	872,726	*	Facebook, Inc		52,573
	15,953		Family Dollar Stores, Inc		925
	43,984	e	Fastenal Co		2,169
	16,894		Federal Realty Investment Trust		1,938
	83,570		FedEx Corp		11,078
	75,037		Fidelity National Information Services, Inc		4,011
	800,826		Fidelity National Title Group, Inc (Class A)		25,178
	225,754		Fifth Third Bancorp		5,181
	150,000	*	First American Corp		4,506
	24,877		First Republic Bank		1,343
	65,328		FirstEnergy Corp		2,223
	112,963	*	Fiserv, Inc		6,404
	71,372	*	FleetCor Technologies, Inc		8,215
	21,952		Flir Systems, Inc		790
	58,575	*	Flowserve Corp		4,589
	42,213		Fluor Corp		3,281
	324,826		FMC Corp		24,869
	36,561	*	FMC Technologies, Inc		1,912
	887,514		Ford Motor Co		13,845

220

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	62,740	*	Forest Laboratories, Inc	$	5,789
	91,400		Fortune Brands Home & Security, Inc		3,846
	13,098	*	Fossil Group, Inc		1,527
	63,750		Franklin Resources, Inc		3,454
	160,862		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,320
	153,348	e	Frontier Communications Corp		874
	302,043	e	GameStop Corp (Class A)		12,414
	231,843		Gaming and Leisure Properties, Inc		8,453
	108,521		Gap, Inc		4,347
	17,749	e	Garmin Ltd		981
	100,000		Generac Holdings, Inc		5,897
	46,433		General Dynamics Corp		5,057
	5,490,673		General Electric Co		142,154
	80,266		General Growth Properties, Inc		1,766
	113,761		General Mills, Inc		5,895
	530,757	*,m	General Motors Co		0	^
	579,726		General Motors Co		19,954
	18,159,000	*,m	General Motors Co		0	^
	19,417,463	*,m	General Motors Co		0	^
	4,461,000	*,m	General Motors Co		0	^
	13,592,224	*,m	General Motors Co		0	^
	29,845,445	*,m	General Motors Co		0	^
	26,439,985	*,m	General Motors Co		0	^
	61,921,000	*,e,m	General Motors Co		0	^
	69,850,000	*,m	General Motors Co		0	^
	18,106,794	*,e,m	General Motors Co		0	^
	40,360		Genuine Parts Co		3,505
	1,149,439	*	Gilead Sciences, Inc		81,449
	120,000		Global Payments, Inc		8,533
	130,900		GNC Holdings, Inc		5,762
	415,578		Goldman Sachs Group, Inc		68,092
	403,900		Goodyear Tire & Rubber Co		10,554
	182,166	*	Google, Inc (Class A)		203,026
	71,291		H&R Block, Inc		2,152
	1		H.B. Fuller Co		0	^
	353,463		Halliburton Co		20,815
	135,000		Hanesbrands, Inc		10,325
	84,800		Harley-Davidson, Inc		5,649
	28,866		Harris Corp		2,112
	662,418		Hartford Financial Services Group, Inc		23,363
	143,446		Hasbro, Inc		7,978
	117,044	*	HCA Holdings, Inc		6,145
	70,481		HCP, Inc		2,734
	44,894		Health Care REIT, Inc		2,676
	160,000	*	Health Net, Inc		5,442
	170,000		Healthsouth Corp		6,108
	55,736		Helmerich & Payne, Inc		5,995
	22,468	*	Henry Schein, Inc		2,682
	105,125		Hershey Co		10,975
	783,243	*	Hertz Global Holdings, Inc		20,866
	111,958		Hess Corp		9,279
	1,603,266		Hewlett-Packard Co		51,882

221

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	90,000		Hillshire Brands Co	$	3,353
	29,474		Holly Corp		1,402
	41,734	*	Hologic, Inc		897
	1,301,725		Home Depot, Inc		103,006
	1,002,908		Honeywell International, Inc		93,030
	37,352		Hormel Foods Corp		1,840
	25,669	*	Hospira, Inc		1,110
	1,068,299		Host Marriott Corp		21,622
	71,808		Hudson City Bancorp, Inc		706
	114,442		Humana, Inc		12,900
	1,016,300		Huntington Bancshares, Inc		10,133
	135,900		IAC/InterActiveCorp		9,702
	60,000		Icahn Enterprises LP		6,164
	12,996	*	IHS, Inc (Class A)		1,579
	96,608		Illinois Tool Works, Inc		7,857
	73,053	*,e	Illumina, Inc		10,860
	284,273		Ingersoll-Rand plc		16,272
	12,157		Integrys Energy Group, Inc		725
	1,530,999		Intel Corp		39,515
	3,500	*	Intercept Pharmaceuticals, Inc		1,154
	17,746		IntercontinentalExchange Group, Inc		3,511
	266,170		International Business Machines Corp		51,235
	12,349		International Flavors & Fragrances, Inc		1,181
	40,400		International Game Technology		568
	203,915		International Paper Co		9,356
	203,646		Interpublic Group of Cos, Inc		3,491
	433,184		Intuit, Inc		33,671
	10,156	*	Intuitive Surgical, Inc		4,448
	268,977		Invesco Ltd		9,952
	21,816		Iron Mountain, Inc		601
	150,000	e	iShares China Large-Cap ETF		5,367
	238,086	e	iShares MSCI Canada Index Fund		7,035
	1,042,560		iShares MSCI EAFE Index Fund		70,029
	140,000		ITT Corp		5,986
	14,351		J.B. Hunt Transport Services, Inc		1,032
	16,364		J.M. Smucker Co		1,591
	34,341	*	Jacobs Engineering Group, Inc		2,181
	656,145	*	Jarden Corp		39,257
	70,000	*	Jazz Pharmaceuticals plc		9,708
	1,288,400	*	JDS Uniphase Corp		18,038
	1,741,274		Johnson & Johnson		171,045
	566,416		Johnson Controls, Inc		26,803
	157,893	e	Joy Global, Inc		9,158
	1,697,887		JPMorgan Chase & Co		103,079
	663,931	*	Juniper Networks, Inc		17,103
	211,115		Kansas City Southern Industries, Inc		21,546
	521,335		KBR, Inc		13,909
	39,771		Kellogg Co		2,494
	50,000		Kennametal, Inc		2,215
	32,458	e	Keurig Green Mountain, Inc		3,427
	237,603		Keycorp		3,383
	98,711		Kimberly-Clark Corp		10,883

222

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	109,191		Kimco Realty Corp	$	2,389
	17,427	*	Kinder Morgan Management LLC		1,249
	104,249		Kinder Morgan, Inc		3,387
	25,763		Kla-Tencor Corp		1,781
	13,262	*	Knowles Corp		419
	351,168		Kohl’s Corp		19,946
	487,174		Kraft Foods Group, Inc		27,330
	190,673		Kroger Co		8,323
	101,705		L Brands, Inc		5,774
	37,841		L-3 Communications Holdings, Inc		4,471
	14,118	*	Laboratory Corp of America Holdings		1,387
	462,558	*	Lam Research Corp		25,441
	272,235		Las Vegas Sands Corp		21,991
	95,000		Lear Corp		7,953
	366,117		Legg Mason, Inc		17,954
	21,878	e	Leggett & Platt, Inc		714
	10,754	e	Leidos Holdings, Inc		380
	26,090	e	Lennar Corp (Class A)		1,034
	47,655		Leucadia National Corp		1,334
	39,619	*	Level 3 Communications, Inc		1,551
	130,000		Lexmark International, Inc (Class A)		6,018
	126,639	*	Liberty Interactive Corp		3,656
	25,294	*	Liberty Media Corp		3,307
	37,747		Liberty Property Trust		1,395
	239,628		Lincoln National Corp		12,142
	101,054		Linear Technology Corp		4,920
	25,747	*	LinkedIn Corp		4,762
	200,000	e	Lions Gate Entertainment Corp		5,346
	45,415	*	LKQ Corp		1,197
	59,207		Lockheed Martin Corp		9,665
	50,713		Loews Corp		2,234
	95,917		Lorillard, Inc		5,187
	224,088		Lowe’s Companies, Inc		10,958
	85,125		LSI Logic Corp		942
	671,832		LyondellBasell Industries AF S.C.A		59,753
	18,458	e	M&T Bank Corp		2,239
	21,660		Macerich Co		1,350
	686,020		Macy’s, Inc		40,674
	1	*	Madison Square Garden, Inc		0	^
	20,165		Manpower, Inc		1,590
	286,313		Marathon Oil Corp		10,170
	153,772		Marathon Petroleum Corp		13,384
	599,107		Marriott International, Inc (Class A)		33,562
	1,020,455		Marsh & McLennan Cos, Inc		50,308
	117,092	e	Martin Marietta Materials, Inc		15,029
	457,416		Marvell Technology Group Ltd		7,204
	179,224		Masco Corp		3,981
	120,000	*	Mastec, Inc		5,213
	360,729		Mastercard, Inc (Class A)		26,946
	52,646		Mattel, Inc		2,112
	44,738		Maxim Integrated Products, Inc		1,482
	19,199		McCormick & Co, Inc		1,377

223

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	227,319		McDonald’s Corp	$	22,284
	67,258		McGraw-Hill Cos, Inc		5,132
	367,367		McKesson Corp		64,866
	679		MDC Holdings, Inc		19
	46,269		MDU Resources Group, Inc		1,588
	31,442		Mead Johnson Nutrition Co		2,614
	27,135		MeadWestvaco Corp		1,021
	717,525		Medtronic, Inc		44,157
	190,000		Mentor Graphics Corp		4,184
	890,082		Merck & Co, Inc		50,530
	818,925		Metlife, Inc		43,239
	7,754	*	Mettler-Toledo International, Inc		1,827
	102,411	*	MGM Mirage		2,648
	159,843	*	Michael Kors Holdings Ltd		14,909
	31,304	e	Microchip Technology, Inc		1,495
	611,906	*	Micron Technology, Inc		14,478
	4,672,580		Microsoft Corp		191,529
	28,392	*	Mohawk Industries, Inc		3,861
	23,269		Molson Coors Brewing Co (Class B)		1,370
	502,931		Mondelez International, Inc		17,376
	248,513		Monsanto Co		28,273
	130,845	*	Monster Beverage Corp		9,087
	51,208		Moody’s Corp		4,062
	802,402		Morgan Stanley		25,011
	46,097		Mosaic Co		2,305
	37,224		Motorola, Inc		2,393
	47,208		Murphy Oil Corp		2,968
	468,421	*	Mylan Laboratories, Inc		22,873
	76,159		Nabors Industries Ltd		1,877
	29,989		NASDAQ OMX Group, Inc		1,108
	124,905		National Oilwell Varco, Inc		9,726
	211,176		NetApp, Inc		7,792
	16,926	*	NetFlix, Inc		5,958
	9,013	*	NetSuite, Inc		855
	100,000	*,e	NeuStar, Inc (Class A)		3,251
	68,460	e	New York Community Bancorp, Inc		1,100
	807,196		Newell Rubbermaid, Inc		24,135
	77,847		Newmont Mining Corp		1,825
	59,039	*	News Corp		1,017
	482,611		NextEra Energy, Inc		46,147
	597,881		Nielsen Holdings NV		26,683
	272,948		Nike, Inc (Class B)		20,160
	132,108		NiSource, Inc		4,694
	159,885		Noble Corp plc		5,235
	137,572		Noble Energy, Inc		9,773
	41,391		Nordstrom, Inc		2,585
	77,538		Norfolk Southern Corp		7,534
	123,544		Northeast Utilities		5,621
	35,255		Northern Trust Corp		2,311
	145,625		Northrop Grumman Corp		17,967
	91,065		NRG Energy, Inc		2,896
	40,296	*,e	Nuance Communications, Inc		692

224

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	98,644		Nucor Corp	$	4,985
	153,540		Nvidia Corp		2,750
	8,045	*	NVR, Inc		9,228
	42,193		Oaktree Capital Group LLC		2,454
	645,691		Occidental Petroleum Corp		61,528
	16,589		Oceaneering International, Inc		1,192
	123,750	*	Ocwen Financial Corp		4,849
	53,279		OGE Energy Corp		1,959
	116,236		Omnicare, Inc		6,936
	67,037		Omnicom Group, Inc		4,867
	4,887	*	ONE Gas, Inc		176
	132,649		Oneok, Inc		7,859
	1,395,797		Oracle Corp		57,102
	40,440	*	O’Reilly Automotive, Inc		6,001
	361,043	*	Orient-Express Hotels Ltd (Class A)		5,203
	130,000		Oshkosh Truck Corp		7,653
	326,483	*	Owens Corning, Inc		14,094
	39,927	*	Owens-Illinois, Inc		1,351
	54,539		Paccar, Inc		3,678
	90,000		Packaging Corp of America		6,333
	17,022		Pall Corp		1,523
	90,000	*	Parexel International Corp		4,868
	38,390		Parker Hannifin Corp		4,596
	15,607		PartnerRe Ltd		1,615
	12,697		Patterson Cos, Inc		530
	50,989		Paychex, Inc		2,172
	1,653	*	Paylocity Holding Corp		40
	59,004		Peabody Energy Corp		964
	33,890	*	Penn National Gaming, Inc		418
	125,620		Pentair Ltd		9,967
	51,083		People’s United Financial, Inc		760
	40,636		Pepco Holdings, Inc		832
	915,126		PepsiCo, Inc		76,413
	73,039		Perrigo Co plc		11,296
	47,981	e	Petsmart, Inc		3,305
	4,786,246		Pfizer, Inc		153,734
	69,548		PG&E Corp		3,004
	16,222	*	Pharmacyclics, Inc		1,626
	550,196		Philip Morris International, Inc		45,045
	517,532		Phillips 66		39,881
	153,361		Phillips-Van Heusen Corp		19,135
	400,000	*	Pilgrim’s Pride Corp		8,368
	60,602		Pinnacle West Capital Corp		3,313
	45,308		Pioneer Natural Resources Co		8,479
	26,790		Plum Creek Timber Co, Inc		1,126
	114,498		PNC Financial Services Group, Inc		9,961
	35,692		Polaris Industries, Inc		4,987
	75,000	*	Portfolio Recovery Associates, Inc		4,340
	69,761		PPG Industries, Inc		13,496
	96,900		PPL Corp		3,211
	45,802		Praxair, Inc		5,999
	68,003		Precision Castparts Corp		17,188

225

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	498,682	*	Premier, Inc	$	16,432
	18,418	*	Priceline.com, Inc		21,952
	103,953		Principal Financial Group		4,781
	1,380,353		Procter & Gamble Co		111,256
	88,368		Progressive Corp		2,140
	77,370		Prologis, Inc		3,159
	199,773		Prudential Financial, Inc		16,911
	77,997		Public Service Enterprise Group, Inc		2,975
	59,382		Public Storage, Inc		10,005
	588,666		Pulte Homes, Inc		11,297
	807,669		Qualcomm, Inc		63,693
	32,845	*	Quanta Services, Inc		1,212
	23,220	e	Quest Diagnostics, Inc		1,345
	48,103		Questar Market Resources, Inc		1,416
	180,000		Questcor Pharmaceuticals, Inc		11,687
	19,095	*	Rackspace Hosting, Inc		627
	9,467		Ralph Lauren Corp		1,524
	85,021		Range Resources Corp		7,054
	198,294		Raymond James Financial, Inc		11,091
	19,477		Rayonier, Inc		894
	55,046		Raytheon Co		5,438
	537,060	*	Realogy Holdings Corp		23,335
	29,645	e	Realty Income Corp		1,211
	29,585	*	Red Hat, Inc		1,567
	14,171		Regency Centers Corp		724
	20,065	*	Regeneron Pharmaceuticals, Inc		6,025
	382,373		Regions Financial Corp		4,248
	60,000		Reliance Steel & Aluminum Co		4,240
	6,853		RenaissanceRe Holdings Ltd		669
	44,743		Republic Services, Inc		1,528
	21,773	e	Resmed, Inc		973
	115,827		Reynolds American, Inc		6,187
	615,400	*	Rite Aid Corp		3,859
	36,573		Robert Half International, Inc		1,534
	81,067		Rock-Tenn Co (Class A)		8,558
	90,446		Rockwell Automation, Inc		11,265
	34,146		Rockwell Collins, Inc		2,720
	97,460		Roper Industries, Inc		13,012
	38,913		Ross Stores, Inc		2,784
	220,000	*	Rovi Corp		5,012
	19,363	*	Rowan Cos plc		652
	129,464		Royal Caribbean Cruises Ltd		7,064
	38,682		Safeway, Inc		1,429
	549,416	*	Salesforce.com, Inc		31,366
	186,698		SanDisk Corp		15,158
	272,915	*	SBA Communications Corp (Class A)		24,824
	20,591		SCANA Corp		1,057
	851,583		Schlumberger Ltd		83,029
	46,114		Scripps Networks Interactive (Class A)		3,501
	734,267		Seagate Technology, Inc		41,236
	154,783		Sealed Air Corp		5,088
	6,301	*,e	Sears Holdings Corp		301

226

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	38,054		SEI Investments Co	$	1,279
	310,742		Sempra Energy		30,067
	21,504	*	Sensata Technologies Holding BV		917
	400,000		Service Corp International		7,952
	19,732	*	ServiceNow, Inc		1,182
	32,358		Sherwin-Williams Co		6,379
	18,859		Sigma-Aldrich Corp		1,761
	101,774		Simon Property Group, Inc		16,691
	482,660	*	Sirius XM Holdings, Inc		1,545
	23,866		SL Green Realty Corp		2,401
	114,342		SLM Corp		2,799
	136,869		Southern Co		6,014
	429,648		Southern Copper Corp (NY)		12,507
	347,440		Southwest Airlines Co		8,203
	120,741	*	Southwestern Energy Co		5,555
	75,262	e	SPDR Trust Series 1		14,077
	278,202		Spectra Energy Corp		10,277
	120,000	*	Spirit Airlines, Inc		7,128
	149,680	*	Sprint Corp		1,376
	10,831		SPX Corp		1,065
	81,842		St. Jude Medical, Inc		5,352
	294,883		Stanley Works		23,956
	172,755	e	Staples, Inc		1,959
	356,321		Starbucks Corp		26,147
	73,431		Starwood Hotels & Resorts Worldwide, Inc		5,845
	120,000		Starwood Property Trust, Inc		2,831
	145,000	*	Starz-Liberty Capital		4,681
	338,319		State Street Corp		23,530
	83,358	*	Stericycle, Inc		9,471
	20,700	*	Stratasys Ltd		2,196
	61,376		Stryker Corp		5,000
	91,543		SunTrust Banks, Inc		3,643
	24,977		Superior Energy Services		768
	250,000	*,e	Swift Transportation Co, Inc		6,188
	181,339		Symantec Corp		3,621
	40,000	*,e	Synaptics, Inc		2,401
	153,863	*	Synopsys, Inc		5,910
	92,278		Sysco Corp		3,334
	279,385		T Rowe Price Group, Inc		23,007
	93,634		Target Corp		5,666
	975,894		TCF Financial Corp		16,258
	59,505		TD Ameritrade Holding Corp		2,020
	100,000	*	Tenneco, Inc		5,807
	25,216	*	Teradata Corp		1,240
	33,388	*,e	Tesla Motors, Inc		6,960
	69,147		Tesoro Corp		3,498
	242,543		Texas Instruments, Inc		11,436
	97,777		Textron, Inc		3,842
	421,876		Thermo Electron Corp		50,726
	94,710	e	Thomson Corp (Toronto)		3,238
	35,929		Tiffany & Co		3,095
	131,551		Time Warner Cable, Inc		18,046

227

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	510,872		Time Warner, Inc	$	33,375
	268,064		TJX Companies, Inc		16,258
	229,621	*	T-Mobile US, Inc		7,584
	43,078	*	Toll Brothers, Inc		1,547
	57,554		Torchmark Corp		4,530
	25,889		Total System Services, Inc		787
	10,091		Towers Watson & Co		1,151
	91,544		Tractor Supply Co		6,466
	101,537		TransDigm Group, Inc		18,805
	55,000	e	Transocean Ltd (NYSE)		2,274
	57,616		Travelers Cos, Inc		4,903
	133,395	*,e	TRI Pointe Homes, Inc		2,165
	62,500	*	Tribune Co		4,978
	39,931	*	Trimble Navigation Ltd		1,552
	120,000		Trinity Industries, Inc		8,648
	67,866	*	TripAdvisor, Inc		6,148
	122,312	*	TRW Automotive Holdings Corp		9,983
	271,465	*	Tumi Holdings, Inc		6,143
	37,900		Tupperware Corp		3,175
	512,146		Twenty-First Century Fox, Inc		16,373
	68,939		Twenty-First Century Fox, Inc (Class B)		2,145
	7,895	*,e	Twitter, Inc		368
	1,123,829		Tyco International Ltd		47,650
	369,438		Tyson Foods, Inc (Class A)		16,259
	24,112	*	UAL Corp		1,076
	38,880		UDR, Inc		1,004
	87,288	*	Ulta Salon Cosmetics & Fragrance, Inc		8,509
	37,614	*	Under Armour, Inc (Class A)		4,312
	440,072		Union Pacific Corp		82,584
	203,104		United Parcel Service, Inc (Class B)		19,778
	132,000	*	United Rentals, Inc		12,532
	482,831		United Technologies Corp		56,414
	607,966		UnitedHealth Group, Inc		49,847
	23,484		Universal Health Services, Inc (Class B)		1,927
	69,504		UnumProvident Corp		2,454
	18,397	*	Urban Outfitters, Inc		671
	40,000		URS Corp		1,882
	423,154		US Bancorp		18,136
	620,608	*,e	USG Corp		20,306
	354,577		Valero Energy Corp		18,828
	141,980		Validus Holdings Ltd		5,354
	21,061	*	Vantiv, Inc		636
	16,751	*	Varian Medical Systems, Inc		1,407
	120,504		Ventas, Inc		7,299
	90,000	*	Verint Systems, Inc		4,224
	37,270	*,e	VeriSign, Inc		2,009
	145,808	*	Verisk Analytics, Inc		8,743
	2,383,872		Verizon Communications, Inc		113,401
	187,872		Verizon Communications, Inc (New)		8,935
	59,974	*	Vertex Pharmaceuticals, Inc		4,241
	234,353		VF Corp		14,502
	542,554		Viacom, Inc (Class B)		46,112

228

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	438,596		Visa, Inc (Class A)	$	94,675
	200,000		Vishay Intertechnology, Inc		2,976
	70,000	*	Visteon Corp		6,191
	79,066	*,e	VMware, Inc (Class A)		8,541
	321,884		Vornado Realty Trust		31,725
	33,342		Vulcan Materials Co		2,216
	29,747		W.R. Berkley Corp		1,238
	16,369		W.W. Grainger, Inc		4,136
	159,247		Walgreen Co		10,515
	341,901		Wal-Mart Stores, Inc		26,132
	1,363,494		Walt Disney Co		109,175
	354,000	e	Walter Energy, Inc		2,676
	69,982		Waste Management, Inc		2,944
	22,188	*	Waters Corp		2,405
	1,016,878	*	Weatherford International Ltd		17,653
	27,899	*	WellCare Health Plans, Inc		1,772
	209,392		WellPoint, Inc		20,845
	4,064,782		Wells Fargo & Co		202,182
	184,808		Western Digital Corp		16,969
	86,511	e	Western Union Co		1,415
	100,000		Westlake Chemical Corp		6,618
	90,389		Weyerhaeuser Co		2,653
	96,519		Whirlpool Corp		14,426
	30,546	*	Whiting Petroleum Corp		2,120
	158,550		Whole Foods Market, Inc		8,040
	281,520		Williams Cos, Inc		11,424
	26,018		Willis Group Holdings plc		1,148
	89,617	e	Windstream Holdings, Inc		738
	100,802	e	Wisconsin Energy Corp		4,692
	100,000	e	Wolverine World Wide, Inc		2,855
	89,766	*	Workday, Inc		8,207
	50,000	*	WR Grace & Co		4,959
	70,955		Wyndham Worldwide Corp		5,196
	12,663		Wynn Resorts Ltd		2,813
	135,066		Xcel Energy, Inc		4,101
	1,013,621		Xerox Corp		11,454
	394,336		Xilinx, Inc		21,401
	625,869		Xylem, Inc		22,794
	958,475	*	Yahoo!, Inc		34,409
	79,422		Yum! Brands, Inc		5,988
	48,079		Zimmer Holdings, Inc		4,547
	532,121		Zoetis Inc		15,400
	650,000	*	Zynga, Inc		2,795
			TOTAL UNITED STATES		10,255,209
			TOTAL COMMON STOCKS		18,846,296
			(Cost $15,541,645)
RIGHTS / WARRANTS - 0.0%
HONG KONG - 0.0%
	457,089	m	New World Development Co Ltd		96
			TOTAL HONG KONG		96

229

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES		COMPANY	VALUE (000)
SINGAPORE - 0.0%
	14,354	Olam International Ltd	$	7
		TOTAL SINGAPORE		7
SPAIN - 0.0%
	563,183	Banco Bilbao Vizcaya Argentaria S.A.		132
		TOTAL SPAIN		132
UNITED KINGDOM - 0.0%
	137,184	RSA Insurance Group plc		76
		TOTAL UNITED KINGDOM		76
UNITED STATES - 0.0%
	21,280	Kinder Morgan, Inc		38
		TOTAL UNITED STATES		38
		TOTAL RIGHTS / WARRANTS		349
		(Cost $171)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.7%
GOVERNMENT AGENCY DEBT - 0.0%
			Federal Home Loan Bank (FHLB)
$	3,250,000		FHLB		0.065	%	04/23/14	3,250
			TOTAL GOVERNMENT AGENCY DEBT					3,250
TREASURY DEBT - 1.0%
	1,900,000		United States Treasury Bill		0.071		04/03/14	1,900
	2,950,000		United States Treasury Bill		0.075		04/10/14	2,950
	17,400,000	d	United States Treasury Bill		0.040-0.057		04/24/14	17,399
	10,000,000		United States Treasury Bill		0.049-0.088		05/29/14	9,999
	24,700,000	d	United States Treasury Bill		0.050-0.098		06/26/14	24,698
	21,000,000	d	United States Treasury Bill		0.055		07/17/14	20,997
	33,000,000	d	United States Treasury Bill		0.060		07/31/14	32,995
	16,200,000		United States Treasury Bill		0.050-0.065		08/14/14	16,197
	54,000,000	d	United States Treasury Bill		0.078-0.103		08/21/14	53,988
	1,900,000		United States Treasury Bill		0.080		09/04/14	1,900
	4,000,000		United States Treasury Bill		0.073		11/13/14	3,998
	2,600,000		United States Treasury Bill		0.091		12/11/14	2,599
			TOTAL TREASURY DEBT					189,620
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 2.7%
CERTIFICATE OF DEPOSIT - 0.2%
	25,000,000		Bank of Montreal		0.030		04/01/14	25,000
	15,000,000		CIBC Bank and Trust Co		0.010		04/01/14	15,000
			TOTAL CERTIFICATE OF DEPOSIT					40,000
REPURCHASE AGREEMENT - 1.8%
	125,000,000	n	Barclays		0.040		04/03/14	125,000
	99,000,000	o	Calyon		0.050		04/01/14	99,000

230

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	50,000,000	p	Goldman Sachs		0.050	%	04/03/14	$	50,000
	60,000,000	q	HSBC		0.040		04/03/14		60,000
			TOTAL REPURCHASE AGREEMENT						334,000
TREASURY DEBT - 0.5%
	55,000,000		United States Treasury Bill		0.037		04/10/14		54,999
	10,000,000		United States Treasury Bill		0.104-0.109		04/24/14		9,999
	10,000,000		United States Treasury Bill		0.097-0.102		05/15/14		9,999
	15,000,000		United States Treasury Bill		0.050-0.051		06/26/14		14,999
	7,000,000		United States Treasury Bill		0.103		08/14/14		6,998
	15,000,000		United States Treasury Bill		0.079		09/25/14		14,996
			TOTAL TREASURY DEBT						111,990
VARIABLE RATE SECURITIES - 0.2%
	1,664,623	i	Granite Master Issuer plc 2006		0.357		12/20/50		1,648
	1,426,820	i	Granite Master Issuer plc 2007		0.357		12/20/50		1,413
	890,560	i	Medallion Trust 2005		0.276		08/22/36		889
	301,023	i	Nelnet Student Loan Trust 2007		0.483		09/25/18		301
	1,420,430	i	Puma Finance Ltd		0.374		02/21/38		1,408
	30,000,000	i	SLM Student Loan Trust 2007		0.279		01/25/19		29,672
	3,060,999	i	SLM Student Loan Trust 2008		0.589		10/25/16		3,062
			TOTAL VARIABLE RATE SECURITIES						38,393
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						524,383
			TOTAL SHORT-TERM INVESTMENTS						717,253
			(Cost $717,469)
			TOTAL INVESTMENTS - 102.5%						19,563,898
			(Cost $16,259,285)
			OTHER ASSETS & LIABILITIES, NET - (2.5)%						(485,938	)
			NET ASSETS - 100.0%					$	19,077,960

	Abbreviation(s):
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts

*	Non-income producing.
^	Amount represents less than $1,000.
d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures transactions.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $722,962,000.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.
n	Agreement with Barclays, 0.01%-0.04% dated 3/31/14 to be repurchased at $125,000,000 on 4/3/14, collateralized by U.S. Government Agency Securities valued at $127,500,000.
o	Agreement with Calyon, 0.05% dated 3/31/14 to be repurchased at $99,000,000 on 4/1/14, collateralized by U.S. Government Agency Securities valued at $100,988,000.
p	Agreement with Goldman Sachs, 0.05% dated 3/31/14 to be repurchased at $50,000,000 on 4/3/14, collateralized by U.S. Government Agency Securities valued at $51,000,000.
q	Agreement with HSBC, 0.04%-0.05% dated 3/31/14 to be repurchased at $60,006,000 on 4/3/14, collateralized by U.S. Government Agency Securities valued at $61,206,000.
	Cost amounts are in thousands.

231

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND
GLOBAL EQUITIES ACCOUNT
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
March 31, 2014

	VALUE			% OF
SECTOR	(000)			NET ASSETS
FINANCIALS	$	3,842,389			20.2	%
CONSUMER DISCRETIONARY		3,054,000			16.0
INFORMATION TECHNOLOGY		2,618,482			13.7
INDUSTRIALS		2,426,812			12.7
HEALTH CARE		2,369,944			12.4
ENERGY		1,425,975			7.5
CONSUMER STAPLES		1,305,588			6.8
MATERIALS		892,624			4.7
TELECOMMUNICATION SERVICES		496,941			2.6
UTILITIES		413,890			2.2
SHORT - TERM INVESTMENTS		717,253			3.7
OTHER ASSETS & LIABILITIES, NET		(485,938	)		(2.5	)
NET ASSETS	$	19,077,960			100.0	%

232

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

COLLEGE RETIREMENT EQUITIES FUND
GROWTH ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
March 31, 2014

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.1%
AUTOMOBILES & COMPONENTS - 2.4%
	2,116		Allison Transmission Holdings, Inc	$	63
	542,064		BorgWarner, Inc		33,321
	362,600		Dana Holding Corp		8,438
	1,376,078		Delphi Automotive plc		93,381
	580,610		Ford Motor Co		9,057
	1,566,343	*	General Motors Co		53,913
	591,179		Gentex Corp		18,640
	1,099,736		Goodyear Tire & Rubber Co		28,736
	295,076		Harley-Davidson, Inc		19,655
	101,800		Icahn Enterprises LP		10,458
	586,069		Lear Corp		49,066
	220,400		Magna International, Inc - Class A (NY)		21,227
	139,040		Renault S.A.		13,505
	309,600	*	Tenneco, Inc		17,978
	179,809	*,e	Tesla Motors, Inc		37,481
	18,212		Thor Industries, Inc		1,112
	158,700		Toyota Motor Corp		8,950
	198,500	*	TRW Automotive Holdings Corp		16,202
	201,212	*	Visteon Corp		17,795
			TOTAL AUTOMOBILES & COMPONENTS		458,978
BANKS - 0.4%
	839,976		Citigroup, Inc		39,983
	1,606,300		Huntington Bancshares, Inc		16,015
	8,977	*,e	Nationstar Mortgage Holdings, Inc		292
	44,571	*	Ocwen Financial Corp		1,746
	2,079	*	Signature Bank		261
	548,500		Wells Fargo & Co		27,282
			TOTAL BANKS		85,579
CAPITAL GOODS - 7.0%
	990,248		3M Co		134,337
	14,698		A.O. Smith Corp		676
	402,718	*	Aecom Technology Corp		12,955
	157,737		Allegion plc		8,229
	67,500		Alliant Techsystems, Inc		9,595
	104,958		Ametek, Inc		5,404
	10,304	*	Armstrong World Industries, Inc		549
	138,938		Babcock & Wilcox Co		4,613
	39,155	*	BE Aerospace, Inc		3,398
	1,099,402		Boeing Co		137,964
	63,663		Carlisle Cos, Inc		5,051

233

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	50,861		Caterpillar, Inc	$	5,054
	113,487		Chicago Bridge & Iron Co NV		9,890
	44,788	*	Colfax Corp		3,195
	146,804		Crane Co		10,445
	177,478		Cummins, Inc		26,443
	51,605		Danaher Corp		3,870
	165,575		Deere & Co		15,034
	58,865		Donaldson Co, Inc		2,496
	53,615		Dover Corp		4,383
	228,971		Emerson Electric Co		15,295
	214,880		European Aeronautic Defence and Space Co		15,390
	127,316	e	Fastenal Co		6,279
	60,930	*	Flowserve Corp		4,773
	223,115		Fluor Corp		17,343
	509,575		Fortune Brands Home & Security, Inc		21,443
	94,200		General Dynamics Corp		10,260
	983,825		General Electric Co		25,471
	26,556		Graco, Inc		1,985
	16,834	*	HD Supply Holdings, Inc		440
	134,123	*	Hexcel Corp		5,840
	1,217,482		Honeywell International, Inc		112,934
	78,316		Hubbell, Inc (Class B)		9,388
	199,318		Huntington Ingalls		20,382
	32,953		IDEX Corp		2,402
	56,751		Illinois Tool Works, Inc		4,616
	466,563		Ingersoll-Rand plc		26,706
	37,953		ITT Corp		1,623
	264,934	e	Joy Global, Inc		15,366
	43,000		L-3 Communications Holdings, Inc		5,081
	105,005		Lennox International, Inc		9,546
	329,968		Lincoln Electric Holdings, Inc		23,761
	267,015		Lockheed Martin Corp		43,588
	184,903		Manitowoc Co, Inc		5,815
	770,178		Masco Corp		17,106
	145,505	*	MRC Global, Inc		3,923
	67,815		MSC Industrial Direct Co (Class A)		5,867
	3,289	*,e	Navistar International Corp		111
	27,144		Nordson Corp		1,913
	39,500		Northrop Grumman Corp		4,874
	203,300		Oshkosh Truck Corp		11,968
	347,300	*	Owens Corning, Inc		14,993
	19,649		Paccar, Inc		1,325
	185,807		Pall Corp		16,624
	380,667		Precision Castparts Corp		96,217
	19,672	*	Quanta Services, Inc		726
	203,208		Rockwell Automation, Inc		25,310
	51,688		Rockwell Collins, Inc		4,118
	384,985		Roper Industries, Inc		51,399
	290,720		Safran S.A.		20,141
	74,898		Snap-On, Inc		8,499
	10,091	*,e	SolarCity Corp		632
	5,459	*	Spirit Aerosystems Holdings, Inc (Class A)		154

234

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	6,075		Stanley Works	$	494
	670,200		Textron, Inc		26,332
	75,651		Toro Co		4,780
	22,516		TransDigm Group, Inc		4,170
	196,400		Trinity Industries, Inc		14,155
	4,718		Triumph Group, Inc		305
	40,280	*	United Rentals, Inc		3,824
	489,851		United Technologies Corp		57,234
	113,600		URS Corp		5,346
	318,600	*,e	USG Corp		10,425
	65,809	e	Valmont Industries, Inc		9,795
	386,676		W.W. Grainger, Inc		97,697
	117,758	*	WABCO Holdings, Inc		12,431
	41,594		Westinghouse Air Brake Technologies Corp		3,224
	5,047		Xylem, Inc		184
			TOTAL CAPITAL GOODS		1,345,604
COMMERCIAL & PROFESSIONAL SERVICES - 1.6%
	128,000	e	ADT Corp		3,834
	11,203		Cintas Corp		668
	25,169	*,e	Clean Harbors, Inc		1,379
	649,228	*,e	CNH Industrial NV (NYSE)		7,466
	47,413	*	Copart, Inc		1,725
	31,764		Corrections Corp of America		995
	16,216		Dun & Bradstreet Corp		1,611
	51,127		Equifax, Inc		3,478
	28,245	*	IHS, Inc (Class A)		3,432
	65,652		Iron Mountain, Inc		1,810
	12,084		KAR Auction Services, Inc		367
	118,700		Manpower, Inc		9,357
	2,338,093		Nielsen Holdings NV		104,349
	3,358	*	Paylocity Holding Corp		81
	348,502	e	Pitney Bowes, Inc		9,058
	43,247		R.R. Donnelley & Sons Co		774
	60,157		Robert Half International, Inc		2,524
	27,431		Rollins, Inc		829
	458,122	*	Stericycle, Inc		52,052
	256,000		Tyco International Ltd		10,854
	1,582,403	*	Verisk Analytics, Inc		94,881
	49,919		Waste Connections, Inc		2,189
	14,579		Waste Management, Inc		613
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		314,326
CONSUMER DURABLES & APPAREL - 3.3%
	23,458		Carter’s, Inc		1,822
	267,474		Coach, Inc		13,283
	6,554	*,e	Deckers Outdoor Corp		523
	242,304	*	Fossil Group, Inc		28,255
	711,010		Hanesbrands, Inc		54,378
	431,686		Hasbro, Inc		24,010
	745,765	*	Jarden Corp		44,619
	1,139,567		Luxottica Group S.p.A.		65,845

235

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	443,194		LVMH Moet Hennessy Louis Vuitton S.A.	$	80,312
	148,756		Mattel, Inc		5,967
	658,678	*	Michael Kors Holdings Ltd		61,435
	71,826		Newell Rubbermaid, Inc		2,148
	1,505,389		Nike, Inc (Class B)		111,188
	29,011	*	NVR, Inc		33,276
	30,723		Phillips-Van Heusen Corp		3,833
	45,954		Polaris Industries, Inc		6,420
	2,292,334		Pulte Homes, Inc		43,990
	25,769		Ralph Lauren Corp		4,147
	8,437	*	Taylor Morrison Home Corp		198
	24,234	*	Tempur-Pedic International, Inc		1,228
	112,692		Tupperware Corp		9,439
	35,407	*	Under Armour, Inc (Class A)		4,059
	149,133		VF Corp		9,228
	196,002		Whirlpool Corp		29,294
			TOTAL CONSUMER DURABLES & APPAREL		638,897
CONSUMER SERVICES - 3.1%
	67,324		ARAMARK Holdings Corp		1,947
	219,428	*	Bally Technologies, Inc		14,542
	28,216		Brinker International, Inc		1,480
	40,574		Burger King Worldwide, Inc		1,077
	44,666	*	Chipotle Mexican Grill, Inc (Class A)		25,373
	1,182		Choice Hotels International, Inc		54
	36,078		Darden Restaurants, Inc		1,831
	138,900		Domino’s Pizza, Inc		10,691
	44,937		Dunkin Brands Group, Inc		2,255
	449,731		Extended Stay America, Inc		10,240
	116,158		H&R Block, Inc		3,507
	32,400	*	Hilton Worldwide Holdings, Inc		721
	286,960	*	Hyatt Hotels Corp		15,441
	104,829		International Game Technology		1,474
	534,672		Interval Leisure Group, Inc		13,976
	2,169,502		Las Vegas Sands Corp		175,253
	87,796		Marriott International, Inc (Class A)		4,918
	758,992		McDonald’s Corp		74,404
	4,041,385	*,g	Merlin Entertainments plc		25,401
	11,358	*	Norwegian Cruise Line Holdings Ltd		367
	87,333	*	Panera Bread Co (Class A)		15,412
	13,574		SeaWorld Entertainment, Inc		410
	69,336		Service Corp International		1,378
	315,082		Six Flags Entertainment Corp		12,651
	1,703,451		Starbucks Corp		124,999
	35,782		Starwood Hotels & Resorts Worldwide, Inc		2,848
	3,209	e	Weight Watchers International, Inc		66
	55,038		Wyndham Worldwide Corp		4,031
	45,614		Wynn Resorts Ltd		10,133
	617,541		Yum! Brands, Inc		46,556
			TOTAL CONSUMER SERVICES		603,436

236

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
DIVERSIFIED FINANCIALS - 4.3%
	334,983	*	Affiliated Managers Group, Inc	$	67,013
	903,997		American Express Co		81,387
	951,197		Ameriprise Financial, Inc		104,698
	2,120		Artisan Partners Asset Management, Inc		136
	87,813		BlackRock, Inc		27,615
	1,612,927		Blackstone Group LP		53,630
	328,412		CBOE Holdings, Inc		18,588
	605,740		Charles Schwab Corp		16,555
	323,416		CME Group, Inc		23,936
	587,000		Discover Financial Services		34,158
	50,818		Eaton Vance Corp		1,939
	30,625	e	Federated Investors, Inc (Class B)		935
	174,937		Franklin Resources, Inc		9,478
	155,452		Goldman Sachs Group, Inc		25,471
	367,850		IntercontinentalExchange Group, Inc		72,772
	401,800		Invesco Ltd		14,867
	1,100,000	e	iShares Russell 1000 Growth Index Fund		95,194
	56,452		Lazard Ltd (Class A)		2,658
	17,875		Leucadia National Corp		500
	41,483		LPL Financial Holdings, Inc		2,180
	1,222,692		Moody’s Corp		96,984
	372,500		Morgan Stanley		11,611
	22,687	*	MSCI, Inc (Class A)		976
	78,902		Oaktree Capital Group LLC		4,589
	26,810	*	Santander Consumer USA Holdings, Inc		646
	204,641		SEI Investments Co		6,878
	345,800		State Street Corp		24,050
	144,011		T Rowe Price Group, Inc		11,859
	177,663		Waddell & Reed Financial, Inc (Class A)		13,080
			TOTAL DIVERSIFIED FINANCIALS		824,383
ENERGY - 3.4%
	12,381		Anadarko Petroleum Corp		1,049
	7,511	*	Antero Resources Corp		470
	145,730	*	Atwood Oceanics, Inc		7,343
	10,591		Baker Hughes, Inc		689
	405,986		Cabot Oil & Gas Corp		13,755
	244,151	*	Cameron International Corp		15,081
	102,621	*	Cheniere Energy, Inc		5,680
	105,015	*	Cobalt International Energy, Inc		1,924
	244,709	*	Concho Resources, Inc		29,977
	18,128	*,e	Continental Resources, Inc		2,253
	75,014	e	CVR Energy, Inc		3,169
	854,909		Denbury Resources, Inc		14,020
	32,214	*	Dresser-Rand Group, Inc		1,882
	84,171	*	Dril-Quip, Inc		9,436
	849,074		EOG Resources, Inc		166,563
	100,006		Equitable Resources, Inc		9,698
	102,079	*	FMC Technologies, Inc		5,338
	6,702		Frank’s International NV		166
	29,708	*	Gulfport Energy Corp		2,115
	447,650		Halliburton Co		26,362

237

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	120,000		Helmerich & Payne, Inc	$	12,907
	258,176		Kinder Morgan, Inc		8,388
	44,885	*	Kosmos Energy LLC		494
	13,971	*	Laredo Petroleum Holdings, Inc		361
	137,000		Murphy Oil Corp		8,612
	200,850		Noble Energy, Inc		14,268
	43,249	*	Oasis Petroleum, Inc		1,805
	189,501		Oceaneering International, Inc		13,618
	83,414		Oneok, Inc		4,942
	75,415		Pioneer Natural Resources Co		14,113
	7,837		Questar Market Resources, Inc		231
	69,899		Range Resources Corp		5,799
	9,580	*	Rice Energy, Inc		253
	183,943	e	RPC, Inc		3,756
	1,708,612		Schlumberger Ltd		166,590
	151,897	e	Seadrill Ltd		5,341
	439,561	*	Southwestern Energy Co		20,224
	148,345		St. Mary Land & Exploration Co		10,575
	245,704		Suncor Energy, Inc (NY)		8,590
	172,200		Valero Energy Corp		9,144
	176,073	*	Whiting Petroleum Corp		12,218
	554,445		Williams Cos, Inc		22,499
	58,641		World Fuel Services Corp		2,586
			TOTAL ENERGY		664,284
FOOD & STAPLES RETAILING - 2.0%
	1,139,817		Costco Wholesale Corp		127,295
	559,875		CVS Corp		41,912
	18,016	*	Fresh Market, Inc		605
	1,562,622		Kroger Co		68,208
	3,999,500	*	Rite Aid Corp		25,077
	202,220		Safeway, Inc		7,470
	6,258	*,e	Sprouts Farmers Market, Inc		226
	89,550		Sysco Corp		3,235
	723,310		Walgreen Co		47,760
	582,189		Wal-Mart Stores, Inc		44,497
	339,376		Whole Foods Market, Inc		17,210
			TOTAL FOOD & STAPLES RETAILING		383,495
FOOD, BEVERAGE & TOBACCO - 4.2%
	3,038,592		Altria Group, Inc		113,735
	372,477		Archer Daniels Midland Co		16,162
	64,126		Brown-Forman Corp (Class B)		5,751
	49,933	e	Campbell Soup Co		2,241
	2,954,280		Coca-Cola Co		114,212
	753,722		Coca-Cola Enterprises, Inc		35,998
	165,849		ConAgra Foods, Inc		5,146
	138,787	*	Constellation Brands, Inc (Class A)		11,793
	327,092		Dr Pepper Snapple Group, Inc		17,813
	73,490		Flowers Foods, Inc		1,576
	274,551		General Mills, Inc		14,227
	225,591		Hershey Co		23,552

238

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	53,702		Hillshire Brands Co	$	2,001
	221,237		Hormel Foods Corp		10,900
	4,240		Ingredion, Inc		289
	5,633		J.M. Smucker Co		548
	101,585		Kellogg Co		6,370
	378,352	e	Keurig Green Mountain, Inc		39,950
	312,953		Kraft Foods Group, Inc		17,557
	689,028		Lorillard, Inc		37,263
	56,412		McCormick & Co, Inc		4,047
	85,887		Mead Johnson Nutrition Co		7,141
	929,131	*	Monster Beverage Corp		64,528
	1,500,555		PepsiCo, Inc		125,296
	1,016,881		Philip Morris International, Inc		83,252
	699,600	*	Pilgrim’s Pride Corp		14,636
	7,178		Pinnacle Foods, Inc		214
	70,784	e	Remy Cointreau S.A.		5,678
	101,010		Reynolds American, Inc		5,396
	535,200		Suntory Beverage & Food Ltd		18,439
	58,507	*	WhiteWave Foods Co (Class A)		1,670
			TOTAL FOOD, BEVERAGE & TOBACCO		807,381
HEALTH CARE EQUIPMENT & SERVICES - 2.7%
	444,487		Aetna, Inc		33,323
	98,481		AmerisourceBergen Corp		6,459
	108,931		Bard (C.R.), Inc		16,120
	238,431		Baxter International, Inc		17,544
	192,864		Becton Dickinson & Co		22,581
	41,244	*	Brookdale Senior Living, Inc		1,382
	336,600	*	CareFusion Corp		13,538
	1,525	*,e	Castlight Health, Inc		32
	257,950	*	Catamaran Corp		11,546
	862,772	*	Cerner Corp		48,531
	176,505		Cigna Corp		14,779
	10,787		Community Health Systems, Inc		423
	15,185		Cooper Cos, Inc		2,086
	78,158	*	DaVita, Inc		5,381
	17,953		Dentsply International, Inc		827
	46,036	*,e	Edwards Lifesciences Corp		3,414
	13,572	*	Envision Healthcare Holdings, Inc		459
	328,671	*	Express Scripts Holding Co		24,680
	260,743	*	HCA Holdings, Inc		13,689
	248,900		Healthsouth Corp		8,943
	37,204	*	Henry Schein, Inc		4,441
	34,780	*	Hologic, Inc		748
	88,200		Humana, Inc		9,942
	112,028	*	Idexx Laboratories, Inc		13,600
	16,434	*	Intuitive Surgical, Inc		7,198
	36,812	*	Laboratory Corp of America Holdings		3,615
	535,735		McKesson Corp		94,595
	493,400	*	Olympus Corp		15,755
	32,906		Patterson Cos, Inc		1,374
	27,260	*	Pediatrix Medical Group, Inc		1,690

239

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	520,855	*	Premier, Inc	$	17,162
	3,289	e	Quest Diagnostics, Inc		190
	60,111	e	Resmed, Inc		2,686
	23,181	*	Sirona Dental Systems, Inc		1,731
	304,286		St. Jude Medical, Inc		19,897
	83,150		Stryker Corp		6,774
	44,124	*	Tenet Healthcare Corp		1,889
	245,360		Universal Health Services, Inc (Class B)		20,137
	148,868	*	Varian Medical Systems, Inc		12,503
	4,267	*,e	Veeva Systems, Inc		114
	347,000		WellPoint, Inc		34,544
	4,213		Zimmer Holdings, Inc		398
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		516,720
HOUSEHOLD & PERSONAL PRODUCTS - 0.9%
	185,885		Avon Products, Inc		2,721
	245,355		Church & Dwight Co, Inc		16,947
	46,080		Clorox Co		4,056
	476,510	*	Colgate-Palmolive Co		30,911
	16,479	e	Coty, Inc		247
	1,225,770		Estee Lauder Cos (Class A)		81,979
	129,142	e	Herbalife Ltd		7,396
	136,957		Kimberly-Clark Corp		15,100
	61,936		L’Oreal S.A.		10,218
	80,343		Nu Skin Enterprises, Inc (Class A)		6,656
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		176,231
INSURANCE - 0.8%
	215,919		ACE Ltd		21,389
	4,157		Allied World Assurance Co Holdings Ltd		429
	240,800		Allstate Corp		13,624
	4,781		American Financial Group, Inc		276
	101,549		Aon plc		8,559
	2,115	*	Arch Capital Group Ltd		122
	53,388		Arthur J. Gallagher & Co		2,540
	357,977		Axis Capital Holdings Ltd		16,413
	24,225		Brown & Brown, Inc		745
	15,998		Chubb Corp		1,429
	6,245		Endurance Specialty Holdings Ltd		336
	11,146		Erie Indemnity Co (Class A)		778
	76,868		Fidelity National Title Group, Inc (Class A)		2,417
	5,650		Hanover Insurance Group, Inc		347
	10,594		Loews Corp		467
	368,205		Marsh & McLennan Cos, Inc		18,152
	277,900		Metlife, Inc		14,673
	117,700		PartnerRe Ltd		12,182
	208,682		Progressive Corp		5,054
	200,144		Prudential Financial, Inc		16,942
	186,685		Travelers Cos, Inc		15,887
	2,566		Validus Holdings Ltd		97
			TOTAL INSURANCE		152,858

240

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE  (000)
MATERIALS - 4.2%
	27,719		Airgas, Inc	$	2,952
	13,607		Albemarle Corp		904
	19,465		Aptargroup, Inc		1,287
	269,107		Avery Dennison Corp		13,636
	290,726		Axiall Corp		13,059
	63,218		Ball Corp		3,465
	20,292		Bemis Co, Inc		796
	221,049	*	Berry Plastics Group, Inc		5,117
	69,072		Celanese Corp (Series A)		3,834
	50,145		CF Industries Holdings, Inc		13,070
	14,742		Compass Minerals International, Inc		1,216
	52,403	*	Crown Holdings, Inc		2,345
	725,740		Dow Chemical Co		35,264
	439,389		Du Pont (E.I.) de Nemours & Co		29,483
	20,978		Eagle Materials, Inc		1,860
	66,646		Eastman Chemical Co		5,746
	111,698		Ecolab, Inc		12,062
	58,346		FMC Corp		4,467
	973,900	*	Graphic Packaging Holding Co		9,895
	2,474		Greif, Inc (Class A)		130
	34,646		International Flavors & Fragrances, Inc		3,315
	616,932		International Paper Co		28,305
	2,063,255		LyondellBasell Industries AF S.C.A		183,506
	19,622		Martin Marietta Materials, Inc		2,518
	1,636,216		Monsanto Co		186,152
	3,886		NewMarket Corp		1,519
	511,123	*	Owens-Illinois, Inc		17,291
	392,035		Packaging Corp of America		27,587
	185,906		PPG Industries, Inc		35,965
	233,462		Praxair, Inc		30,577
	284,159		Rock-Tenn Co (Class A)		29,999
	22,889		Rockwood Holdings, Inc		1,703
	6,776		Royal Gold, Inc		424
	53,139		RPM International, Inc		2,223
	18,771		Scotts Miracle-Gro Co (Class A)		1,150
	357,074		Sealed Air Corp		11,737
	118,708		Sherwin-Williams Co		23,401
	47,848		Sigma-Aldrich Corp		4,468
	17,611		Silgan Holdings, Inc		872
	470,553		Southern Copper Corp (NY)		13,698
	3,653	*	Tahoe Resources, Inc		77
	37,471		Valspar Corp		2,702
	149,600		West Fraser Timber Co Ltd		6,834
	341,520		Westlake Chemical Corp		22,602
	178,508	*	WR Grace & Co		17,703
			TOTAL MATERIALS		816,916
MEDIA - 5.5%
	205,516	*	AMC Networks, Inc		15,021
	82,357	e	Cablevision Systems Corp (Class A)		1,389
	921,146		CBS Corp (Class B)		56,927

241

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	28,293	*	Charter Communications, Inc	$	3,486
	50,619		Cinemark Holdings, Inc		1,468
	17,985		Clear Channel Outdoor Holdings, Inc (Class A)		164
	6,307,897		Comcast Corp (Class A)		315,521
	1,328,504	*	DIRECTV		101,524
	927,544	*	Discovery Communications, Inc (Class A)		76,708
	666,925	*	DISH Network Corp (Class A)		41,489
	202,240		Grupo Televisa SAB (ADR)		6,733
	86,575		Interpublic Group of Cos, Inc		1,484
	33,632	*	Lamar Advertising Co (Class A)		1,715
	181,410	*	Liberty Global plc		7,385
	178,650	*	Liberty Global plc (Class A)		7,432
	33,782	e	Lions Gate Entertainment Corp		903
	25,914	*	Madison Square Garden, Inc		1,471
	642,170		McGraw-Hill Cos, Inc		48,998
	8,149		Morningstar, Inc		644
	158,607	*	News Corp		2,731
	110,063		Omnicom Group, Inc		7,991
	6,395	e	Regal Entertainment Group (Class A)		120
	47,336		Scripps Networks Interactive (Class A)		3,593
	632,588	*	Sirius XM Holdings, Inc		2,024
	947,199		Smiles S.A.		15,133
	40,240	*	Starz-Liberty Capital		1,299
	416,161		Time Warner Cable, Inc		57,089
	329,700		Time Warner, Inc		21,539
	494,665	*	Tribune Co		39,400
	1,193,713		Twenty-First Century Fox, Inc		38,163
	831,390		Viacom, Inc (Class B)		70,660
	1,436,508		Walt Disney Co		115,021
			TOTAL MEDIA		1,065,225
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.7%
	1,526,278		AbbVie, Inc		78,451
	520,470	*	Actavis plc		107,139
	18,205		Agilent Technologies, Inc		1,018
	480,682	*	Alexion Pharmaceuticals, Inc		73,126
	598,063	*	Alkermes plc		26,369
	1,249,514		Allergan, Inc		155,065
	951,890		Amgen, Inc		117,406
	60,000	*	Ariad Pharmaceuticals, Inc		484
	562,662		Bayer AG.		76,198
	906,351	*	Biogen Idec, Inc		277,226
	60,396	*	BioMarin Pharmaceuticals, Inc		4,120
	163,056	*	Biovail Corp		21,496
	2,915,582		Bristol-Myers Squibb Co		151,464
	111,146	*	Bruker BioSciences Corp		2,533
	1,286,400	*	Celgene Corp		179,581
	74,860	*	Charles River Laboratories International, Inc		4,517
	123,615	*	Covance, Inc		12,844
	62,793	*	Cubist Pharmaceuticals, Inc		4,593
	449,568		Eli Lilly & Co		26,461
	358,458	*,e	Endo International plc		24,608

242

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	5,293,428	*	Gilead Sciences, Inc	$	375,092
	185,624	*,e	Illumina, Inc		27,595
	44,406	*	Incyte Corp		2,377
	167,759	*	Jazz Pharmaceuticals plc		23,265
	153,831		Johnson & Johnson		15,111
	31,814	*	Medivation, Inc		2,048
	12,651	*	Mettler-Toledo International, Inc		2,981
	1,045,735	*	Mylan Laboratories, Inc		51,063
	32,229	*,e	Myriad Genetics, Inc		1,102
	1,501,017		Novo Nordisk AS		68,345
	768,456	*	NPS Pharmaceuticals, Inc		23,000
	804,383		Perrigo Co plc		124,406
	342,605		Pfizer, Inc		11,004
	49,288	*	Pharmacyclics, Inc		4,940
	493,648		Questcor Pharmaceuticals, Inc		32,052
	5,490	*	Quintiles Transnational Holdings, Inc		279
	47,437	*	Regeneron Pharmaceuticals, Inc		14,244
	225,604	*	Salix Pharmaceuticals Ltd		23,375
	42,462	*,e	Seattle Genetics, Inc		1,934
	22,850		Techne Corp		1,951
	32,415	*,e	Theravance, Inc		1,003
	19,734	*	United Therapeutics Corp		1,855
	178,774	*	Vertex Pharmaceuticals, Inc		12,643
	85,845	*	Waters Corp		9,306
	3,147,524		Zoetis Inc		91,089
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,266,759
REAL ESTATE - 1.5%
	335,695		American Tower Corp		27,483
	35,901		Apartment Investment & Management Co (Class A)		1,085
	6,473		Boston Properties, Inc		741
	4,000	e	Brixmor Property Group, Inc		85
	19,935		CBL & Associates Properties, Inc		354
	1,219,724	*	CBRE Group, Inc		33,457
	236,304		Crown Castle International Corp		17,435
	43,401	e	Digital Realty Trust, Inc		2,304
	24,382		Equity Lifestyle Properties, Inc		991
	187,503		Extra Space Storage, Inc		9,096
	17,990		Federal Realty Investment Trust		2,064
	5,561,000		Global Logistic Properties		11,736
	51,255	e	Omega Healthcare Investors, Inc		1,718
	76,422		Plum Creek Timber Co, Inc		3,213
	56,750		Public Storage, Inc		9,562
	54,964		Rayonier, Inc		2,523
	1,902,543	*	Realogy Holdings Corp		82,665
	16,393		Regency Centers Corp		837
	4,793		Senior Housing Properties Trust		108
	387,069		Simon Property Group, Inc		63,479
	30,833		Spirit Realty Capital, Inc		339
	40,593		Tanger Factory Outlet Centers, Inc		1,421
	5,319		Taubman Centers, Inc		377
	56,227		Ventas, Inc		3,406

243

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE  (000)
	15,528		Vornado Realty Trust	$	1,530
	250,536		Weyerhaeuser Co		7,353
			TOTAL REAL ESTATE		285,362
RETAILING - 6.9%
	5,148		Aaron’s, Inc		156
	3,238	e	Abercrombie & Fitch Co (Class A)		125
	138,861		Advance Auto Parts, Inc		17,566
	959,210	*	Amazon.com, Inc		322,793
	49,796		American Eagle Outfitters, Inc		609
	8,239	*	Ascena Retail Group, Inc		142
	53,088	*	ASOS plc		4,589
	22,347	*	Autonation, Inc		1,190
	50,097	*	AutoZone, Inc		26,907
	92,822	*	Bed Bath & Beyond, Inc		6,386
	364,819		Best Buy Co, Inc		9,635
	6,980	*	Big Lots, Inc		264
	19,811	*,e	Cabela’s, Inc		1,298
	2,104,448	*	Carmax, Inc		98,488
	65,810		Chico’s FAS, Inc		1,055
	322,320	*,e	Ctrip.com International Ltd (ADR)		16,251
	42,072		Dick’s Sporting Goods, Inc		2,298
	110,579		Dillard’s, Inc (Class A)		10,217
	139,180	*	Dollar General Corp		7,722
	259,948	*	Dollar Tree, Inc		13,564
	27,523		DSW, Inc (Class A)		987
	1,281,637		Expedia, Inc		92,919
	40,355		Family Dollar Stores, Inc		2,341
	527,486		Foot Locker, Inc		24,781
	271,900	e	GameStop Corp (Class A)		11,175
	120,282		Gap, Inc		4,818
	189,808		Genuine Parts Co		16,485
	283,702		GNC Holdings, Inc		12,489
	4,283,273	*,e	Groupon, Inc		33,581
	2,406,043		Home Depot, Inc		190,390
	25,122	*	HomeAway, Inc		946
	1,491,522		Kingfisher plc		10,487
	102,217		L Brands, Inc		5,803
	1,759,539	*	Liberty Interactive Corp		50,798
	15,349	*	Liberty Ventures		2,000
	128,421	*	LKQ Corp		3,384
	800,778		Lowe’s Companies, Inc		39,158
	903,408		Macy’s, Inc		53,563
	58,645	*	NetFlix, Inc		20,645
	61,890		Nordstrom, Inc		3,865
	198,919	*	O’Reilly Automotive, Inc		29,518
	219,553	e	Petsmart, Inc		15,125
	938,891	*	Poundland Group plc		5,948
	33,915	*	Priceline.com, Inc		40,423
	94,662		Ross Stores, Inc		6,773
	72,588	*	Sally Beauty Holdings, Inc		1,989
	1,988		Signet Jewelers Ltd		210

244

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE  (000)
	213,889		Target Corp	$	12,942
	48,087		Tiffany & Co		4,143
	995,870		TJX Companies, Inc		60,399
	59,912		Tractor Supply Co		4,232
	105,096	*	TripAdvisor, Inc		9,521
	27,422	*	Ulta Salon Cosmetics & Fragrance, Inc		2,673
	158,227	*	Urban Outfitters, Inc		5,771
	104,659		Williams-Sonoma, Inc		6,974
	27,469	*,e	zulily, Inc		1,379
			TOTAL RETAILING		1,329,890
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.0%
	256,711	*,e	Advanced Micro Devices, Inc		1,029
	298,438		Altera Corp		10,815
	56,405		Analog Devices, Inc		2,997
	341,723		Applied Materials, Inc		6,978
	1,053,462		ARM Holdings plc (ADR)		53,695
	178,836	*	Atmel Corp		1,495
	355,753		Avago Technologies Ltd		22,914
	944,711		Broadcom Corp (Class A)		29,740
	49,890	*	Cree, Inc		2,822
	241,277	*,e	Freescale Semiconductor Holdings Ltd		5,890
	137,358		Intel Corp		3,545
	407,063	*	Lam Research Corp		22,389
	99,886		Linear Technology Corp		4,863
	28,556		LSI Logic Corp		316
	699,300		Marvell Technology Group Ltd		11,014
	123,108		Maxim Integrated Products, Inc		4,077
	84,096	e	Microchip Technology, Inc		4,016
	459,300	*	Micron Technology, Inc		10,867
	154,334		Nvidia Corp		2,764
	791,304	*	NXP Semiconductors NV		46,537
	186,752	*	ON Semiconductor Corp		1,756
	16,046	*	Silicon Laboratories, Inc		838
	67,688	*	Skyworks Solutions, Inc		2,540
	538,196		Texas Instruments, Inc		25,376
	1,952,294		Xilinx, Inc		105,951
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		385,224
SOFTWARE & SERVICES - 20.2%
	736,392		Accenture plc		58,705
	2,778,377	*	Adobe Systems, Inc		182,650
	75,304	*	Akamai Technologies, Inc		4,383
	174,808	*	Alliance Data Systems Corp		47,626
	356,691		Amdocs Ltd		16,572
	39,696	*	Ansys, Inc		3,057
	374,600		AOL, Inc		16,396
	349,906	*	Autodesk, Inc		17,208
	207,002		Automatic Data Processing, Inc		15,993
	12,389		Booz Allen Hamilton Holding Co		273
	280,820		Broadridge Financial Solutions, Inc		10,430
	404,400		CA, Inc		12,524

245

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE  (000)
	124,450	*	Cadence Design Systems, Inc	$	1,934
	79,685	*	Citrix Systems, Inc		4,576
	913,098	*	Cognizant Technology Solutions Corp (Class A)		46,212
	168,500		Computer Sciences Corp		10,248
	20,075	*,e	Concur Technologies, Inc		1,989
	39,936		DST Systems, Inc		3,786
	3,288,168	*	eBay, Inc		181,638
	269,518	*	Electronic Arts, Inc		7,819
	21,401	*	Equinix, Inc		3,956
	5,534,974	*	Facebook, Inc		333,427
	18,843	e	Factset Research Systems, Inc		2,032
	12,440		Fidelity National Information Services, Inc		665
	5,653	*,e	FireEye, Inc		348
	113,437	*	Fiserv, Inc		6,431
	132,280	*	FleetCor Technologies, Inc		15,225
	59,604	*	Fortinet, Inc		1,313
	39,154	*	Gartner, Inc		2,719
	70,112		Genpact Ltd		1,221
	325,549		Global Payments, Inc		23,150
	597,033	*	Google, Inc (Class A)		665,399
	393,970		IAC/InterActiveCorp		28,126
	243,249	*	Informatica Corp		9,190
	907,630		International Business Machines Corp		174,710
	2,903,083		Intuit, Inc		225,657
	36,767		Jack Henry & Associates, Inc		2,050
	192,259	*	King Digital Entertainment plc		3,497
	171,899	*	LinkedIn Corp		31,791
	4,187,065		Mastercard, Inc (Class A)		312,774
	5,251	*	Micros Systems, Inc		278
	10,193,699		Microsoft Corp		417,840
	94,500	e	Netease.com (ADR)		6,360
	15,346	*	NetSuite, Inc		1,455
	381,435	*,e	NeuStar, Inc (Class A)		12,400
	609,852	*,e	Nuance Communications, Inc		10,471
	4,988,090		Oracle Corp		204,063
	60,199	*	Pandora Media, Inc		1,825
	125,035		Paychex, Inc		5,327
	48,855	*	Rackspace Hosting, Inc		1,603
	1,965,451	*	Red Hat, Inc		104,130
	427,087	*	Rovi Corp		9,729
	1,631,849	*	Salesforce.com, Inc		93,162
	33,424	*	ServiceNow, Inc		2,003
	171,340	*	Sina Corp		10,351
	123,997	*	SolarWinds, Inc		5,286
	28,940		Solera Holdings, Inc		1,833
	47,960	*	Splunk, Inc		3,429
	218,092		Symantec Corp		4,355
	3,738	*	Tableau Software, Inc		284
	211,800		Tencent Holdings Ltd		14,784
	69,882	*	Teradata Corp		3,438
	68,586	*	TIBCO Software, Inc		1,394
	53,923		Total System Services, Inc		1,640

246

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	24,105	*	Twitter, Inc	$	1,125
	305,670	*	Vantiv, Inc		9,237
	55,963	*,e	VeriSign, Inc		3,017
	1,455,168		Visa, Inc (Class A)		314,112
	359,935	*	VistaPrint Ltd		17,716
	839,763	*,e	VMware, Inc (Class A)		90,711
	239,659	e	Western Union Co		3,921
	16,760	*	Workday, Inc		1,532
	1,854,004	*	Yahoo!, Inc		66,559
	62,400	*	Yelp, Inc		4,800
			TOTAL SOFTWARE & SERVICES		3,917,870
TECHNOLOGY HARDWARE & EQUIPMENT - 6.4%
	42,926	*,e	3D Systems Corp		2,539
	4,079,945	*,e	Alcatel S.A.		16,068
	4,701,818		Alcatel-Lucent (ADR)		18,337
	68,146		Amphenol Corp (Class A)		6,246
	1,307,624	d	Apple, Inc		701,854
	4,089		CDW Corp		112
	10,337	*	CommScope Holding Co, Inc		255
	8,122	e	Dolby Laboratories, Inc (Class A)		361
	445,794		EMC Corp		12,219
	501,611	*	F5 Networks, Inc		53,487
	41,583		Flir Systems, Inc		1,497
	8,526		Harris Corp		624
	593,400		Hewlett-Packard Co		19,202
	13,886	e	IPG Photonics Corp		987
	73,305	*	JDS Uniphase Corp		1,026
	357,448	*	Juniper Networks, Inc		9,208
	27,648	*	Knowles Corp		873
	90,654		Motorola, Inc		5,828
	40,600		National Instruments Corp		1,165
	279,317	*	NCR Corp		10,209
	736,064		NetApp, Inc		27,161
	14,317	*,e	Palo Alto Networks, Inc		982
	3,137,615		Qualcomm, Inc		247,433
	66,520	*	Riverbed Technology, Inc		1,311
	173,644		SanDisk Corp		14,098
	371,700		Seagate Technology, Inc		20,875
	196,635	*	Stratasys Ltd		20,861
	110,410	*	Trimble Navigation Ltd		4,292
	92,200	e	Ubiquiti Networks, Inc		4,192
	385,100		Western Digital Corp		35,360
	2,074	*	Zebra Technologies Corp (Class A)		144
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,238,806
TELECOMMUNICATION SERVICES - 1.2%
	24,321	*	Level 3 Communications, Inc		952
	54,840	*	SBA Communications Corp (Class A)		4,988
	976,100		Softbank Corp		73,762
	66,720	*	Sprint Corp		613
	498,425	*	T-Mobile US, Inc		16,463

247

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY					VALUE (000)
	59,987	*	tw telecom inc (Class A)					$	1,875
	2,801,938		Verizon Communications, Inc						133,288
	245,795	e	Windstream Holdings, Inc						2,026
			TOTAL TELECOMMUNICATION SERVICES						233,967
TRANSPORTATION - 3.4%
	397,011		Alaska Air Group, Inc						37,045
	33,804		Amerco, Inc						7,847
	48,075	*	American Airlines Group, Inc						1,759
	248,249	*	Avis Budget Group, Inc						12,090
	65,490		CH Robinson Worldwide, Inc						3,431
	7,080		Con-Way, Inc						291
	56,621		Copa Holdings S.A. (Class A)						8,221
	219,695		CSX Corp						6,364
	3,064,322		Delta Air Lines, Inc						106,179
	283,390		Expeditors International of Washington, Inc						11,231
	211,600		FedEx Corp						28,050
	73,121	*	Genesee & Wyoming, Inc (Class A)						7,116
	2,216,135	*	Hertz Global Holdings, Inc						59,038
	39,027		J.B. Hunt Transport Services, Inc						2,807
	566,665		Kansas City Southern Industries, Inc						57,834
	83,309	*	Kirby Corp						8,435
	87,317		Landstar System, Inc						5,171
	808,961	e	Latam Airlines Group S.A. (ADR)						12,175
	24,184		Norfolk Southern Corp						2,350
	89,651	*	Old Dominion Freight Line						5,087
	1,940,000	*	Royal Mail plc						18,235
	97,746		Ryder System, Inc						7,812
	1,826,620		Southwest Airlines Co						43,126
	241,000	*	Spirit Airlines, Inc						14,315
	354,500	*,e	Swift Transportation Co, Inc						8,774
	152,815	*	UAL Corp						6,820
	681,312		Union Pacific Corp						127,855
	405,534		United Parcel Service, Inc (Class B)						39,491
			TOTAL TRANSPORTATION						648,949
UTILITIES - 0.0%
	65,479		Aqua America, Inc						1,642
	133,172	*	Calpine Corp						2,785
	66,319		ITC Holdings Corp						2,477
	20,853	*	ONE Gas, Inc						749
	11,399		Questar Corp						271
			TOTAL UTILITIES						7,924
			TOTAL COMMON STOCKS						19,169,064
			(Cost $14,736,790)
							MATURITY
PRINCIPAL			ISSUER	RATE			DATE
SHORT-TERM INVESTMENTS - 3.3%
GOVERNMENT AGENCY DEBT - 0.3%
$	5,000,000		Federal Home Loan Bank (FHLB)		0.065	%	04/23/14		5,000
	31,500,000	d	FHLB		0.070		04/30/14		31,498

248

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	17,900,000		Federal National Mortgage Association (FNMA)		0.088	%	08/25/14	$	17,896
			TOTAL GOVERNMENT AGENCY DEBT						54,394
TREASURY DEBT - 0.5%
	7,300,000	d	United States Treasury Bill		0.075		04/10/14		7,300
	5,400,000	d	United States Treasury Bill		0.050-0.061		04/17/14		5,400
	12,000,000	d	United States Treasury Bill		0.045-0.086		04/24/14		12,000
	17,000,000	d	United States Treasury Bill		0.045		05/08/14		16,999
	1,000,000	d	United States Treasury Bill		0.088		05/29/14		1,000
	6,000,000	d	United States Treasury Bill		0.070		06/19/14		5,999
	9,800,000	d	United States Treasury Bill		0.055		07/17/14		9,799
	2,000,000	d	United States Treasury Bill		0.056		07/24/14		2,000
	31,600,000	d	United States Treasury Bill		0.050-0.053		08/14/14		31,593
	6,000,000		United States Treasury Bill		0.080		09/04/14		5,998
			TOTAL TREASURY DEBT						98,088
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.5%
	481,966,995	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						481,967
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						481,967
			TOTAL SHORT-TERM INVESTMENTS						634,449
			(Cost $634,446)
			TOTAL INVESTMENTS - 102.4%						19,803,513
			(Cost $15,371,236)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%						(455,495	)
			NET ASSETS - 100.0%					$	19,348,018

	Abbreviation(s):
ADR	American Depositary Receipt

*	Non-income producing.
a	Affiliated holding.
c	Investments made with cash collateral received from securites on loan.
d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures transactions.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $472,784,000.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At March 31, 2014, the aggregate value of these securities was $25,401,000, or 0.1% of net assets.
	Cost amounts are in thousands.

249

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

COLLEGE RETIREMENT EQUITIES FUND
EQUITY INDEX ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
March 31, 2014

				VALUE
SHARES			COMPANY	(000)
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 1.2%
	26,243		Allison Transmission Holdings, Inc	$	786
	51,119	*	American Axle & Manufacturing Holdings, Inc		947
	175,846		BorgWarner, Inc		10,809
	49,248		Cooper Tire & Rubber Co		1,197
	115,365		Dana Holding Corp		2,684
	237,669		Delphi Automotive plc		16,128
	18,792		Dorman Products, Inc		1,110
	16,941		Drew Industries, Inc		918
	14,344	*	Federal Mogul Corp (Class A)		268
	2,937,048		Ford Motor Co		45,818
	11,841	*	Fuel Systems Solutions, Inc		127
	935,335	*	General Motors Co		32,194
	109,188		Gentex Corp		3,443
	27,497	*	Gentherm, Inc		955
	186,602		Goodyear Tire & Rubber Co		4,876
	170,283		Harley-Davidson, Inc		11,343
	519,891		Johnson Controls, Inc		24,601
	61,452		Lear Corp		5,145
	36,302	*	Modine Manufacturing Co		532
	7,549		Remy International, Inc		178
	4,154		Shiloh Industries, Inc		74
	30,024		Spartan Motors, Inc		154
	15,087		Standard Motor Products, Inc		540
	20,247	*	Stoneridge, Inc		227
	17,815		Superior Industries International, Inc		365
	46,120	*	Tenneco, Inc		2,678
	63,754	*,e	Tesla Motors, Inc		13,289
	33,978		Thor Industries, Inc		2,075
	5,700	*	Tower International, Inc		155
	81,067	*	TRW Automotive Holdings Corp		6,617
	39,055	*	Visteon Corp		3,454
	21,322	*	Winnebago Industries, Inc		584
			TOTAL AUTOMOBILES & COMPONENTS		194,271
BANKS - 6.2%
	11,459		1st Source Corp		368
	22,198		1st United Bancorp, Inc		170
	5,520		Access National Corp		89
	5,882		American National Bankshares, Inc		138
	18,171	*	Ameris Bancorp		423
	7,069	e	Ames National Corp		156
	24,400		Apollo Residential Mortgage		396

250

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	7,201	e	Arrow Financial Corp	$	190
	127,805		Associated Banc-Corp		2,308
	66,701		Astoria Financial Corp		922
	14,648		Banc of California, Inc		180
	5,016		Bancfirst Corp		284
	21,466		Banco Latinoamericano de Exportaciones S.A. (Class E)		567
	73,283		Bancorpsouth, Inc		1,829
	41,404		Bank Mutual Corp		262
	8,191,619		Bank of America Corp		140,896
	34,126		Bank of Hawaii Corp		2,068
	4,416		Bank of Kentucky Financial Corp		166
	3,864		Bank of Marin Bancorp		174
	23,602		Bank of the Ozarks, Inc		1,606
	17,629		BankFinancial Corp		176
	48,968		BankUnited		1,703
	14,911		Banner Corp		614
	3,044		Bar Harbor Bankshares		117
	531,229		BB&T Corp		21,339
	59,137		BBCN Bancorp, Inc		1,014
	5,242	*	BBX Capital Corp		102
	23,421	*	Beneficial Mutual Bancorp, Inc		309
	17,538		Berkshire Hills Bancorp, Inc		454
	13,481		BNC Bancorp		234
	9,275	*	BofI Holding, Inc		795
	19,705		BOK Financial Corp		1,361
	59,217		Boston Private Financial Holdings, Inc		801
	6,664		Bridge Bancorp, Inc		178
	7,190	*	Bridge Capital Holdings		171
	54,590		Brookline Bancorp, Inc		514
	10,466		Bryn Mawr Bank Corp		301
	2,500		C&F Financial Corp		83
	5,527		Camden National Corp		228
	16,948	*	Capital Bank Financial Corp		426
	9,158		Capital City Bank Group, Inc		122
	149,432		CapitalSource, Inc		2,180
	111,251		Capitol Federal Financial		1,396
	22,480		Cardinal Financial Corp		401
	60,166		Cathay General Bancorp		1,516
	9,768		Center Bancorp, Inc		186
	23,433		Centerstate Banks of Florida, Inc		256
	16,733		Central Pacific Financial Corp		338
	2,883		Century Bancorp, Inc		98
	17,428		Charter Financial Corp		188
	21,008		Chemical Financial Corp		682
	2,792	e	Chemung Financial Corp		76
	153,189		CIT Group, Inc		7,509
	2,312,217		Citigroup, Inc		110,061
	9,568		Citizens & Northern Corp		189
	12,921	e	City Holding Co		580
	35,413		City National Corp		2,788
	10,007		Clifton Savings Bancorp, Inc		117
	9,772		CNB Financial Corp		173

251

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	26,184		CoBiz, Inc	$	302
	38,948		Columbia Banking System, Inc		1,111
	141,895		Comerica, Inc		7,350
	61,862		Commerce Bancshares, Inc		2,872
	32,481		Community Bank System, Inc		1,267
	11,562		Community Trust Bancorp, Inc		480
	7,261	*,e	CommunityOne Bancorp		81
	1,351	*	ConnectOne Bancorp, Inc		66
	5,720	*	CU Bancorp		105
	39,527	e	Cullen/Frost Bankers, Inc		3,065
	15,177	*	Customers Bancorp, Inc		317
	67,239		CVB Financial Corp		1,069
	23,810		Dime Community Bancshares		404
	4,837	*,e	Doral Financial Corp		42
	16,666	*	Eagle Bancorp, Inc		602
	106,977		East West Bancorp, Inc		3,905
	4,559		Enterprise Bancorp, Inc		93
	11,656		Enterprise Financial Services Corp		234
	10,062		ESB Financial Corp		132
	9,325		ESSA Bancorp, Inc		101
	17,600	*	Essent Group Ltd		395
	58,626		EverBank Financial Corp		1,157
	5,385	*	Farmers Capital Bank Corp		121
	7,387		Federal Agricultural Mortgage Corp (Class C)		246
	7,123		Fidelity Southern Corp		100
	665,673		Fifth Third Bancorp		15,277
	10,211		Financial Institutions, Inc		235
	15,337		First Bancorp (NC)		291
	54,501	*	First Bancorp (Puerto Rico)		296
	6,485		First Bancorp, Inc		106
	58,052		First Busey Corp		337
	5,734		First Citizens Bancshares, Inc (Class A)		1,380
	73,506		First Commonwealth Financial Corp		664
	12,139		First Community Bancshares, Inc		199
	13,926		First Connecticut Bancorp		218
	7,726		First Defiance Financial Corp		210
	44,691		First Financial Bancorp		804
	24,075	e	First Financial Bankshares, Inc		1,488
	8,954		First Financial Corp		302
	18,506		First Financial Holdings, Inc		1,159
	12,796		First Financial Northwest, Inc		130
	191,562		First Horizon National Corp		2,364
	11,762		First Interstate Bancsystem, Inc		332
	26,538		First Merchants Corp		574
	57,533		First Midwest Bancorp, Inc		983
	3,196	*	First NBC Bank Holding Co		111
	263,698		First Niagara Financial Group, Inc		2,492
	5,749		First of Long Island Corp		233
	88,590		First Republic Bank		4,783
	45,823	*	First Security Group, Inc		95
	125,914		FirstMerit Corp		2,623
	12,395	*	Flagstar Bancorp, Inc		275

252

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	23,200		Flushing Financial Corp	$	489
	118,492		FNB Corp		1,588
	11,394		Fox Chase Bancorp, Inc		192
	10,443		Franklin Financial Corp		204
	147,923		Fulton Financial Corp		1,861
	8,476		German American Bancorp, Inc		245
	54,526		Glacier Bancorp, Inc		1,585
	7,809		Great Southern Bancorp, Inc		234
	11,166		Guaranty Bancorp		159
	66,139		Hancock Holding Co		2,424
	23,963		Hanmi Financial Corp		558
	10,342		Heartland Financial USA, Inc		279
	15,254		Heritage Commerce Corp		123
	11,990		Heritage Financial Corp		203
	14,409	*	Heritage Oaks Bancorp		116
	939		Hingham Institution for Savings		74
	5,389	*	Home Bancorp, Inc		113
	36,542		Home Bancshares, Inc		1,258
	12,641		Home Federal Bancorp, Inc		197
	54,100		Home Loan Servicing Solutions Ltd		1,169
	6,988		HomeStreet, Inc		137
	16,046	*	HomeTrust Bancshares, Inc		253
	6,700		Horizon Bancorp		149
	404,335		Hudson City Bancorp, Inc		3,975
	11,015		Hudson Valley Holding Corp		210
	638,291		Huntington Bancshares, Inc		6,364
	22,669		IBERIABANK Corp		1,590
	17,904		Independent Bank Corp		705
	3,097		Independent Bank Group, Inc		182
	40,567		International Bancshares Corp		1,017
	14,254	*	Intervest Bancshares Corp		106
	40,180		Investors Bancorp, Inc		1,111
	2,872,200		JPMorgan Chase & Co		174,371
	14,732	*	Kearny Financial Corp		218
	704,870		Keycorp		10,037
	20,622		Lakeland Bancorp, Inc		232
	12,420		Lakeland Financial Corp		500
	4,421		LCNB Corp		76
	97,216	e	M&T Bank Corp		11,792
	18,100		Macatawa Bank Corp		91
	15,363		MainSource Financial Group, Inc		263
	41,491		MB Financial, Inc		1,285
	6,437		Mercantile Bank Corp		133
	3,784		Merchants Bancshares, Inc		123
	7,250	*	Meridian Interstate Bancorp, Inc		185
	4,004		Meta Financial Group, Inc		180
	245,646	*	MGIC Investment Corp		2,093
	4,068		Middleburg Financial Corp		72
	6,667		Midsouth Bancorp, Inc		112
	5,257		MidWestOne Financial Group, Inc		133
	2,927		NASB Financial, Inc		74
	41,714		National Bank Holdings Corp		837

253

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	5,351		National Bankshares, Inc	$	195
	89,553		National Penn Bancshares, Inc		936
	17,284	*,e	Nationstar Mortgage Holdings, Inc		561
	34,107		NBT Bancorp, Inc		834
	331,783	e	New York Community Bancorp, Inc		5,332
	19,480	*	NewBridge Bancorp		139
	43,923		Northfield Bancorp, Inc		565
	4,751		Northrim BanCorp, Inc		122
	76,438		Northwest Bancshares, Inc		1,116
	10,808		OceanFirst Financial Corp		191
	78,630	*	Ocwen Financial Corp		3,081
	33,903		OFG Bancorp		583
	76,288		Old National Bancorp		1,137
	9,164		OmniAmerican Bancorp, Inc		209
	37,788		Oritani Financial Corp		597
	14,467		Pacific Continental Corp		199
	12,060	*	Pacific Premier Bancorp, Inc		195
	30,305	e	PacWest Bancorp		1,303
	2,932	*	Palmetto Bancshares, Inc		41
	9,233	e	Park National Corp		710
	33,018		Park Sterling Bank		220
	8,389		Peapack Gladstone Financial Corp		185
	2,964		Penns Woods Bancorp, Inc		145
	10,509	*	Pennsylvania Commerce Bancorp, Inc		222
	9,540	*	PennyMac Financial Services, Inc		159
	6,808		Peoples Bancorp, Inc		168
	229,288		People’s United Financial, Inc		3,410
	25,469		Pinnacle Financial Partners, Inc		955
	402,602		PNC Financial Services Group, Inc		35,026
	77,233	*	Popular, Inc		2,393
	8,859	*	Preferred Bank		230
	49,485		PrivateBancorp, Inc		1,510
	45,722		Prosperity Bancshares, Inc		3,025
	7,003		Provident Financial Holdings, Inc		108
	45,191		Provident Financial Services, Inc		830
	131,009	e	Radian Group, Inc		1,969
	1,076,498		Regions Financial Corp		11,960
	23,438		Renasant Corp		681
	6,104		Republic Bancorp, Inc (Class A)		138
	22,920	e	Rockville Financial, Inc		311
	20,998		S&T Bancorp, Inc		498
	10,870		S.Y. Bancorp, Inc		344
	18,232		Sandy Spring Bancorp, Inc		455
	11,148	*	Seacoast Banking Corp of Florida		123
	8,919		Sierra Bancorp		142
	35,982	*	Signature Bank		4,519
	13,207		Simmons First National Corp (Class A)		492
	12,795	e	Southside Bancshares, Inc		401
	14,769		Southwest Bancorp, Inc		261
	24,453		State Bank & Trust Co		433
	67,412		Sterling Bancorp/DE		853
	25,576		Sterling Financial Corp		852

254

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	7,140	*	Suffolk Bancorp	$	159
	29,193	*	Sun Bancorp, Inc		98
	410,490		SunTrust Banks, Inc		16,333
	141,602		Susquehanna Bancshares, Inc		1,613
	34,283	*	SVB Financial Group		4,415
	737,443		Synovus Financial Corp		2,500
	12,643	*	Taylor Capital Group, Inc		302
	122,960		TCF Financial Corp		2,049
	9,400		Territorial Bancorp, Inc		203
	32,020	*	Texas Capital Bancshares, Inc		2,079
	53,268	*	TFS Financial Corp		662
	26,827	*	The Bancorp, Inc		505
	11,138		Tompkins Trustco, Inc		545
	18,385	e	TowneBank		285
	4,100		Tree.com, Inc		127
	12,050		Trico Bancshares		312
	5,095	*	Tristate Capital Holdings, Inc		72
	72,196		Trustco Bank Corp NY		508
	53,268		Trustmark Corp		1,350
	28,301		UMB Financial Corp		1,831
	85,518	e	Umpqua Holdings Corp		1,594
	29,847		Union Bankshares Corp		759
	49,477		United Bankshares, Inc		1,515
	31,617	*	United Community Banks, Inc		614
	30,361	*	United Community Financial Corp		119
	15,445		United Financial Bancorp, Inc		284
	12,704		Univest Corp of Pennsylvania		261
	1,404,878		US Bancorp		60,213
	153,040	e	Valley National Bancorp		1,593
	9,171	*,e	VantageSouth Bancshares, Inc		64
	29,696		ViewPoint Financial Group		857
	11,958	*	Walker & Dunlop, Inc		196
	12,184		Washington Banking Co		217
	81,549		Washington Federal, Inc		1,900
	10,818		Washington Trust Bancorp, Inc		405
	6,109	*	Waterstone Financial, Inc		63
	68,818		Webster Financial Corp		2,137
	3,668,932		Wells Fargo & Co		182,493
	19,012		WesBanco, Inc		605
	11,970		West Bancorporation, Inc		182
	23,501	e	Westamerica Bancorporation		1,271
	56,653	*	Western Alliance Bancorp		1,394
	23,121		Westfield Financial, Inc		172
	44,266		Wilshire Bancorp, Inc		491
	27,726		Wintrust Financial Corp		1,349
	5,884		WSFS Financial Corp		420
	10,983	*	Yadkin Financial Corp		235
	139,772		Zions Bancorporation		4,330
			TOTAL BANKS		1,000,968

255

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
CAPITAL GOODS - 8.4%
	524,382		3M Co	$	71,138
	58,296		A.O. Smith Corp		2,683
	19,918		Aaon, Inc		555
	29,552		AAR Corp		767
	41,768	*	Accuride Corp		185
	20,426		Aceto Corp		410
	56,076		Actuant Corp (Class A)		1,915
	32,751		Acuity Brands, Inc		4,342
	78,523	*	Aecom Technology Corp		2,526
	28,439	*	Aegion Corp		720
	14,335	*	Aerovironment, Inc		577
	72,289		AGCO Corp		3,987
	52,613		Air Lease Corp		1,962
	52,242		Aircastle Ltd		1,012
	5,366		Alamo Group, Inc		292
	23,047		Albany International Corp (Class A)		819
	76,324		Allegion plc		3,982
	24,535		Alliant Techsystems, Inc		3,488
	20,492		Altra Holdings, Inc		732
	13,776	*	Ameresco, Inc		104
	7,032	e	American Railcar Industries, Inc		492
	7,536		American Science & Engineering, Inc		506
	35,994	*,e	American Superconductor Corp		58
	8,518	*	American Woodmark Corp		287
	186,300		Ametek, Inc		9,593
	7,032		Ampco-Pittsburgh Corp		133
	24,223	*,e	API Technologies Corp		71
	25,458		Apogee Enterprises, Inc		846
	32,556		Applied Industrial Technologies, Inc		1,570
	9,512		Argan, Inc		283
	18,986	*	Armstrong World Industries, Inc		1,011
	73,992	*	ArvinMeritor, Inc		906
	15,638		Astec Industries, Inc		687
	11,879	*	Astronics Corp		753
	1,935	*	Astronics Corp (Class B)		119
	19,364		AZZ, Inc		865
	85,193		Babcock & Wilcox Co		2,828
	39,660		Barnes Group, Inc		1,526
	75,123	*	BE Aerospace, Inc		6,520
	37,178	*	Beacon Roofing Supply, Inc		1,437
	35,059	*	Blount International, Inc		417
	21,793	*	Bluelinx Holdings, Inc		28
	576,548		Boeing Co		72,351
	35,197		Brady Corp (Class A)		956
	36,516	e	Briggs & Stratton Corp		812
	33,815	*	Builders FirstSource, Inc		308
	13,167	*	CAI International, Inc		325
	274,193	*,e	Capstone Turbine Corp		584
	48,667		Carlisle Cos, Inc		3,861
	500,061		Caterpillar, Inc		49,691
	23,360	*,e	Chart Industries, Inc		1,858
	76,371		Chicago Bridge & Iron Co NV		6,656
	12,832		CIRCOR International, Inc		941

256

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	37,827		Clarcor, Inc	$	2,169
	79,389	*	Colfax Corp		5,663
	14,727	*	Columbus McKinnon Corp		395
	33,040		Comfort Systems USA, Inc		503
	18,507	*	Commercial Vehicle Group, Inc		169
	36,855		Crane Co		2,622
	15,215		Cubic Corp		777
	144,344		Cummins, Inc		21,506
	35,284		Curtiss-Wright Corp		2,242
	454,918		Danaher Corp		34,119
	294,421		Deere & Co		26,733
	57,673	*	DigitalGlobe, Inc		1,673
	112,137		Donaldson Co, Inc		4,755
	21,128		Douglas Dynamics, Inc		368
	129,296		Dover Corp		10,570
	8,048	*	Ducommun, Inc		202
	7,198	*	DXP Enterprises, Inc		683
	25,816	*	Dycom Industries, Inc		816
	11,541		Dynamic Materials Corp		220
	360,401		Eaton Corp		27,073
	50,074		EMCOR Group, Inc		2,343
	546,408		Emerson Electric Co		36,500
	15,305		Encore Wire Corp		742
	34,170	*,e	Energy Recovery, Inc		182
	35,662		EnerSys		2,471
	12,394	*	Engility Holdings, Inc		558
	11,300	*,e	Enphase Energy, Inc		83
	15,889	*,e	EnPro Industries, Inc		1,155
	2,980	*,e	Erickson Air-Crane, Inc		58
	20,938		ESCO Technologies, Inc		737
	23,350	*	Esterline Technologies Corp		2,488
	141,494		Exelis, Inc		2,690
	225,819	e	Fastenal Co		11,137
	50,117	*	Federal Signal Corp		747
	108,780	*	Flowserve Corp		8,522
	123,894		Fluor Corp		9,630
	126,637		Fortune Brands Home & Security, Inc		5,329
	36,490		Franklin Electric Co, Inc		1,552
	10,761		Freightcar America, Inc		250
	126,167	*,e	FuelCell Energy, Inc		313
	25,764	*	Furmanite Corp		253
	35,871		GATX Corp		2,435
	46,010	*,e	GenCorp, Inc		841
	39,263		Generac Holdings, Inc		2,315
	37,226		General Cable Corp		953
	227,054		General Dynamics Corp		24,731
	7,857,707		General Electric Co		203,436
	22,869	*	Gibraltar Industries, Inc		432
	6,109		Global Brass & Copper Holdings, Inc		96
	12,250		Global Power Equipment Group, Inc		244
	16,191		Gorman-Rupp Co		515
	47,550		Graco, Inc		3,554

257

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	93,933	*,e	GrafTech International Ltd	$	1,026
	9,470		Graham Corp		302
	29,395		Granite Construction, Inc		1,174
	44,924		Great Lakes Dredge & Dock Corp		410
	18,407	*	Greenbrier Cos, Inc		839
	34,315		Griffon Corp		410
	21,180		H&E Equipment Services, Inc		857
	8,389		Hardinge, Inc		121
	61,544	*	Harsco Corp		1,442
	46,800	*	HD Supply Holdings, Inc		1,224
	49,798		Heico Corp		2,996
	75,795	*	Hexcel Corp		3,300
	597,634		Honeywell International, Inc		55,437
	12,024		Houston Wire & Cable Co		158
	44,493		Hubbell, Inc (Class B)		5,333
	37,789		Huntington Ingalls		3,864
	4,796		Hurco Cos, Inc		128
	7,224		Hyster-Yale Materials Handling, Inc		704
	62,789		IDEX Corp		4,577
	39,772	*	II-VI, Inc		614
	268,610		Illinois Tool Works, Inc		21,846
	213,373		Ingersoll-Rand plc		12,213
	9,867		Innovative Solutions & Support, Inc		74
	13,472		Insteel Industries, Inc		265
	68,395		ITT Corp		2,925
	98,921	*	Jacobs Engineering Group, Inc		6,281
	21,706		John Bean Technologies Corp		671
	80,876	e	Joy Global, Inc		4,691
	9,545		Kadant, Inc		348
	21,747		Kaman Corp		885
	112,424		KBR, Inc		2,999
	59,735		Kennametal, Inc		2,646
	24,548	*,e	KEYW Holding Corp		459
	40,842	*	Kratos Defense & Security Solutions, Inc		308
	67,588		L-3 Communications Holdings, Inc		7,985
	13,874	*,e	Layne Christensen Co		252
	7,262		LB Foster Co (Class A)		340
	38,323		Lennox International, Inc		3,484
	62,365		Lincoln Electric Holdings, Inc		4,491
	10,010	e	Lindsay Manufacturing Co		883
	6,398	*,e	LMI Aerospace, Inc		90
	196,904		Lockheed Martin Corp		32,143
	12,960		LSI Industries, Inc		106
	12,907	*	Lydall, Inc		295
	8,938	*	Manitex International, Inc		146
	100,071		Manitowoc Co, Inc		3,147
	272,388		Masco Corp		6,050
	48,078	*,e	Mastec, Inc		2,088
	14,270	*	Middleby Corp		3,770
	7,280		Miller Industries, Inc		142
	34,691	*	Moog, Inc (Class A)		2,273
	63,944	*	MRC Global, Inc		1,724

258

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	36,007		MSC Industrial Direct Co (Class A)	$	3,115
	42,636		Mueller Industries, Inc		1,279
	118,277		Mueller Water Products, Inc (Class A)		1,124
	14,064	*	MYR Group, Inc		356
	3,938	e	National Presto Industries, Inc		307
	44,159	*,e	Navistar International Corp		1,496
	19,754	*	NCI Building Systems, Inc		345
	12,459		NN, Inc		245
	48,825		Nordson Corp		3,442
	6,303	*	Nortek, Inc		518
	168,039		Northrop Grumman Corp		20,733
	8,845	*	Northwest Pipe Co		320
	44,747	*	Orbital Sciences Corp		1,248
	19,593	*	Orion Marine Group, Inc		246
	66,818		Oshkosh Truck Corp		3,934
	90,499	*	Owens Corning, Inc		3,907
	265,512		Paccar, Inc		17,906
	84,544		Pall Corp		7,564
	112,712		Parker Hannifin Corp		13,493
	4,350	*	Patrick Industries, Inc		193
	155,297		Pentair Ltd		12,321
	28,503	*	Perini Corp		817
	24,429	*	Pgt, Inc		281
	16,392		Pike Electric Corp		176
	12,258	*	Ply Gem Holdings, Inc		155
	13,529	*	PMFG, Inc		81
	35,438	*,e	Polypore International, Inc		1,212
	7,077		Powell Industries, Inc		459
	1,587	*	Power Solutions International, Inc		119
	14,420	*	PowerSecure International, Inc		338
	111,354		Precision Castparts Corp		28,146
	1,801		Preformed Line Products Co		123
	26,671		Primoris Services Corp		800
	12,975	*,e	Proto Labs, Inc		878
	28,579		Quanex Building Products Corp		591
	159,563	*	Quanta Services, Inc		5,888
	27,582		Raven Industries, Inc		903
	245,937		Raytheon Co		24,296
	18,319	*	RBC Bearings, Inc		1,167
	34,163		Regal-Beloit Corp		2,484
	54,254	*,e	Revolution Lighting Technologies, Inc		171
	21,768	*	Rexnord Corp		631
	105,438		Rockwell Automation, Inc		13,132
	102,927		Rockwell Collins, Inc		8,200
	74,901		Roper Industries, Inc		10,000
	26,334	*	Rush Enterprises, Inc (Class A)		855
	31,268		Simpson Manufacturing Co, Inc		1,105
	43,514		Snap-On, Inc		4,938
	18,297	*,e	SolarCity Corp		1,146
	7,959	*	Sparton Corp		233
	90,789	*	Spirit Aerosystems Holdings, Inc (Class A)		2,559
	35,604		SPX Corp		3,500

259

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	9,752		Standex International Corp	$	522
	123,315		Stanley Works		10,018
	12,518	*	Sterling Construction Co, Inc		109
	16,194		Sun Hydraulics Corp		701
	26,344	e	TAL International Group, Inc		1,129
	38,585	*	Taser International, Inc		706
	13,992	*	Tecumseh Products Co (Class A)		97
	28,168	*	Teledyne Technologies, Inc		2,742
	14,645		Tennant Co		961
	84,391		Terex Corp		3,738
	15,040	e	Textainer Group Holdings Ltd		576
	211,415		Textron, Inc		8,306
	4,600	*,e	The ExOne Company		165
	20,645	*	Thermon Group Holdings		479
	65,723		Timken Co		3,863
	41,571	e	Titan International, Inc		789
	11,613	*,e	Titan Machinery, Inc		182
	44,675		Toro Co		2,823
	39,994		TransDigm Group, Inc		7,407
	13,203	*	Trex Co, Inc		966
	34,233	*	Trimas Corp		1,137
	60,186		Trinity Industries, Inc		4,338
	39,203		Triumph Group, Inc		2,532
	6,504		Twin Disc, Inc		171
	71,568	*	United Rentals, Inc		6,795
	698,658		United Technologies Corp		81,631
	14,766		Universal Forest Products, Inc		817
	57,668		URS Corp		2,714
	58,065	*,e	USG Corp		1,900
	20,359	e	Valmont Industries, Inc		3,030
	12,845	*	Vicor Corp		131
	44,711		W.W. Grainger, Inc		11,297
	52,045	*	Wabash National Corp		716
	43,618	*	WABCO Holdings, Inc		4,604
	19,517		Watsco, Inc		1,950
	21,144		Watts Water Technologies, Inc (Class A)		1,241
	33,347	*,e	WESCO International, Inc		2,775
	73,575		Westinghouse Air Brake Technologies Corp		5,702
	52,887		Woodward Governor Co		2,196
	8,335	*	Xerium Technologies, Inc		134
	140,768		Xylem, Inc		5,127
			TOTAL CAPITAL GOODS		1,349,654
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	41,289		ABM Industries, Inc		1,187
	37,820	e	Acacia Research (Acacia Technologies)		578
	87,875	*	ACCO Brands Corp		541
	12,255	e	Acorn Energy, Inc		42
	16,355		Administaff, Inc		507
	135,978	e	ADT Corp		4,073
	27,004	*	Advisory Board Co		1,735
	14,202		American Ecology Corp		527

260

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	26,021	*	ARC Document Solutions, Inc	$	194
	6,166		Barrett Business Services, Inc		367
	35,828		Brink’s Co		1,023
	29,675	*	Casella Waste Systems, Inc (Class A)		152
	35,493	*	CBIZ, Inc		325
	10,344		CDI Corp		177
	10,136	e	Ceco Environmental Corp		168
	38,005	*,e	Cenveo, Inc		116
	78,313		Cintas Corp		4,668
	46,868	*,e	Clean Harbors, Inc		2,568
	84,979	*	Copart, Inc		3,092
	25,057		Corporate Executive Board Co		1,860
	87,736		Corrections Corp of America		2,748
	8,633		Courier Corp		133
	80,750		Covanta Holding Corp		1,458
	8,400	*	CRA International, Inc		185
	37,676		Deluxe Corp		1,977
	30,470		Dun & Bradstreet Corp		3,027
	20,747	*	EnerNOC, Inc		462
	20,052		Ennis, Inc		332
	91,556		Equifax, Inc		6,229
	11,236		Exponent, Inc		843
	9,375	*	Franklin Covey Co		185
	32,036	*	FTI Consulting, Inc		1,068
	15,088		G & K Services, Inc (Class A)		923
	54,016		Geo Group, Inc		1,741
	12,104	*	GP Strategies Corp		330
	51,852		Healthcare Services Group		1,507
	14,300		Heidrick & Struggles International, Inc		287
	5,613	*	Heritage-Crystal Clean, Inc		102
	43,782		Herman Miller, Inc		1,407
	33,809		HNI Corp		1,236
	17,734	*	Huron Consulting Group, Inc		1,124
	14,961	*	ICF International, Inc		596
	114,792	*	ICO Global Communications Holdings Ltd		210
	50,033	*	IHS, Inc (Class A)		6,079
	33,730	*	Innerworkings, Inc		258
	44,922		Interface, Inc		923
	6,998		Intersections, Inc		41
	129,308		Iron Mountain, Inc		3,565
	60,101		KAR Auction Services, Inc		1,824
	20,372		Kelly Services, Inc (Class A)		483
	21,985		Kforce, Inc		469
	25,171		Kimball International, Inc (Class B)		456
	35,963		Knoll, Inc		654
	38,704	*	Korn/Ferry International		1,152
	58,657		Manpower, Inc		4,624
	19,108		McGrath RentCorp		668
	13,300	*	Mistras Group, Inc		303
	28,189		Mobile Mini, Inc		1,222
	21,996		MSA Safety, Inc		1,254
	8,734		Multi-Color Corp		306

261

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	40,393	*	Navigant Consulting, Inc	$	754
	165,909		Nielsen Holdings NV		7,404
	4,943		NL Industries, Inc		54
	50,328	*,e	Odyssey Marine Exploration, Inc		115
	34,971	*	On Assignment, Inc		1,350
	17,073	*	Performant Financial Corp		154
	152,067	e	Pitney Bowes, Inc		3,952
	19,286		Quad		452
	146,914		R.R. Donnelley & Sons Co		2,630
	205,322		Republic Services, Inc		7,014
	32,857		Resources Connection, Inc		463
	105,944		Robert Half International, Inc		4,444
	48,594		Rollins, Inc		1,469
	24,429	*	RPX Corp		398
	10,767		Schawk, Inc (Class A)		215
	12,140	*	SP Plus Corp		319
	64,080		Steelcase, Inc (Class A)		1,064
	64,739	*	Stericycle, Inc		7,356
	85,446	*,e	Swisher Hygiene, Inc		38
	15,368	*	Team, Inc		659
	47,935	*	Tetra Tech, Inc		1,418
	49,471		Towers Watson & Co		5,642
	13,579	*	TRC Cos, Inc		90
	30,958	*	TrueBlue, Inc		906
	10,503		Unifirst Corp		1,155
	31,063		United Stationers, Inc		1,276
	115,025	*	Verisk Analytics, Inc		6,897
	15,178		Viad Corp		365
	2,793		VSE Corp		147
	18,889	*	WageWorks, Inc		1,060
	93,921		Waste Connections, Inc		4,119
	352,933		Waste Management, Inc		14,848
	16,168		West Corp		387
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		154,905
CONSUMER DURABLES & APPAREL - 1.6%
	40,872	*,e	American Apparel, Inc		20
	9,523		Arctic Cat, Inc		455
	8,829		Bassett Furniture Industries, Inc		131
	21,459	*,e	Beazer Homes USA, Inc		431
	23,174	*,e	Black Diamond, Inc		283
	7,843	e	Blyth, Inc		84
	68,196		Brunswick Corp		3,089
	51,179		Callaway Golf Co		523
	41,508		Carter’s, Inc		3,223
	5,387	*	Cavco Industries, Inc		423
	213,481		Coach, Inc		10,601
	9,439	e	Columbia Sportswear Co		780
	68,785	*	CROCS, Inc		1,073
	5,480		CSS Industries, Inc		148
	6,895		Culp, Inc		136
	26,041	*,e	Deckers Outdoor Corp		2,076

262

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	214,302		DR Horton, Inc	$	4,640
	18,783	e	Ethan Allen Interiors, Inc		478
	7,662	*,e	EveryWare Global, Inc		35
	3,461		Flexsteel Industries, Inc		130
	36,880	*	Fossil Group, Inc		4,301
	93,303	e	Garmin Ltd		5,156
	13,268	*	G-III Apparel Group Ltd		950
	74,818		Hanesbrands, Inc		5,722
	51,667		Harman International Industries, Inc		5,497
	87,267		Hasbro, Inc		4,854
	23,782	*	Helen of Troy Ltd		1,646
	7,853		Hooker Furniture Corp		123
	93,175	*,e	Hovnanian Enterprises, Inc (Class A)		441
	39,256	*	Iconix Brand Group, Inc		1,542
	21,039	*,e	iRobot Corp		864
	20,248	e	Jakks Pacific, Inc		146
	96,831	*	Jarden Corp		5,793
	3,583		Johnson Outdoors, Inc		91
	63,176		Jones Apparel Group, Inc		946
	91,288	*	Kate Spade & Co		3,386
	63,287	e	KB Home		1,075
	39,237		La-Z-Boy, Inc		1,063
	52,779	*,e	Leapfrog Enterprises, Inc		396
	108,175	e	Leggett & Platt, Inc		3,531
	126,090	e	Lennar Corp (Class A)		4,996
	16,013	*	Libbey, Inc		416
	7,210		Lifetime Brands, Inc		129
	16,714	*	M/I Homes, Inc		375
	8,407		Marine Products Corp		63
	264,203		Mattel, Inc		10,597
	29,150		MDC Holdings, Inc		824
	28,574	*	Meritage Homes Corp		1,197
	153,320	*	Michael Kors Holdings Ltd		14,300
	46,185	*	Mohawk Industries, Inc		6,280
	12,667		Movado Group, Inc		577
	4,424		Nacco Industries, Inc (Class A)		240
	22,756	*	Nautilus, Inc		219
	219,526		Newell Rubbermaid, Inc		6,564
	537,727		Nike, Inc (Class B)		39,717
	3,488	*	NVR, Inc		4,001
	10,106		Oxford Industries, Inc		790
	8,860		Perry Ellis International, Inc		122
	61,650		Phillips-Van Heusen Corp		7,692
	49,324		Polaris Industries, Inc		6,891
	36,161		Pool Corp		2,217
	294,920		Pulte Homes, Inc		5,660
	101,655	*	Quiksilver, Inc		763
	45,636		Ralph Lauren Corp		7,344
	6,477		RG Barry Corp		122
	35,106		Ryland Group, Inc		1,402
	29,390	*	Skechers U.S.A., Inc (Class A)		1,074
	12,508	*	Skullcandy, Inc		115

263

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	48,359	*,e	Smith & Wesson Holding Corp	$	707
	112,658	*	Standard-Pacific Corp		936
	45,166	*	Steven Madden Ltd		1,625
	14,503	e	Sturm Ruger & Co, Inc		867
	24,241	*	Taylor Morrison Home Corp		570
	45,528	*	Tempur-Pedic International, Inc		2,307
	129,618	*	Toll Brothers, Inc		4,653
	12,000	*,e	TRI Pointe Homes, Inc		195
	36,378	*	Tumi Holdings, Inc		823
	40,284		Tupperware Corp		3,374
	63,714	*	Under Armour, Inc (Class A)		7,304
	10,905	*	Unifi, Inc		252
	11,370	*	Universal Electronics, Inc		436
	19,269	*,e	Vera Bradley, Inc		520
	264,676		VF Corp		16,378
	9,200	*	Vince Holding Corp		243
	5,600	*	WCI Communities, Inc		111
	5,214		Weyco Group, Inc		141
	59,919		Whirlpool Corp		8,955
	8,350	*	William Lyon Homes, Inc		231
	76,448	e	Wolverine World Wide, Inc		2,183
	28,030	*	Zagg, Inc		130
			TOTAL CONSUMER DURABLES & APPAREL		253,910
CONSUMER SERVICES - 2.2%
	13,862	*	American Public Education, Inc		486
	74,107	*	Apollo Group, Inc (Class A)		2,537
	25,000		ARAMARK Holdings Corp		723
	11,587	*	Ascent Media Corp (Series A)		875
	29,370	*	Bally Technologies, Inc		1,946
	18,782	*	BJ’s Restaurants, Inc		614
	42,020	*	Bloomin’ Brands, Inc		1,013
	21,179		Bob Evans Farms, Inc		1,060
	52,961	*	Boyd Gaming Corp		699
	14,947	*	Bravo Brio Restaurant Group, Inc		211
	13,548	*	Bridgepoint Education, Inc		202
	9,000	*	Bright Horizons Family Solutions		352
	50,290		Brinker International, Inc		2,638
	14,166	*	Buffalo Wild Wings, Inc		2,109
	76,511		Burger King Worldwide, Inc		2,031
	32,600	*,e	Caesars Entertainment Corp		620
	9,631		Capella Education Co		608
	46,334	*	Career Education Corp		346
	318,100		Carnival Corp		12,043
	12,748	e	Carriage Services, Inc		233
	18,871	*	Carrols Restaurant Group, Inc		135
	14,608		CBRL Group, Inc		1,420
	41,224		Cheesecake Factory		1,964
	23,515	*	Chipotle Mexican Grill, Inc (Class A)		13,358
	21,021	e	Choice Hotels International, Inc		967
	10,504		Churchill Downs, Inc		959
	12,474	*	Chuy’s Holdings, Inc		538

264

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	15,700		ClubCorp Holdings, Inc	$	297
	59,209	*,e	Corinthian Colleges, Inc		82
	98,248		Darden Restaurants, Inc		4,987
	7,863	*	Del Frisco’s Restaurant Group, Inc		219
	75,312	*	Denny’s Corp		484
	48,007		DeVry, Inc		2,035
	12,000	*	Diamond Resorts International, Inc		203
	12,442		DineEquity, Inc		971
	8,223	*,e	Diversified Restaurant Holdings, Inc		41
	42,657		Domino’s Pizza, Inc		3,283
	81,221		Dunkin Brands Group, Inc		4,076
	21,777	*,e	Education Management Corp		106
	4,221		Einstein Noah Restaurant Group, Inc		69
	14,961	*	Fiesta Restaurant Group, Inc		682
	3,249		Graham Holdings Co		2,287
	34,464	*	Grand Canyon Education, Inc		1,609
	208,641		H&R Block, Inc		6,299
	41,775		Hillenbrand, Inc		1,351
	102,800	*	Hilton Worldwide Holdings, Inc		2,286
	33,800	*	Hyatt Hotels Corp		1,819
	4,863	*,e	Ignite Restaurant Group, Inc		68
	197,900		International Game Technology		2,782
	20,955		International Speedway Corp (Class A)		712
	33,777		Interval Leisure Group, Inc		883
	13,700	*	Intrawest Resorts Holdings Inc		179
	15,534	*	Isle of Capri Casinos, Inc		119
	18,743	*,e	ITT Educational Services, Inc		538
	33,770	*	Jack in the Box, Inc		1,990
	12,737	*	Jamba, Inc		153
	3,365	*	JTH Holding, Inc		93
	21,966	*,e	K12, Inc		498
	51,222	*,e	Krispy Kreme Doughnuts, Inc		908
	297,083		Las Vegas Sands Corp		23,998
	32,744	*,e	Life Time Fitness, Inc		1,575
	46,274	*	LifeLock, Inc		792
	17,103		Lincoln Educational Services Corp		64
	13,766	*	Luby’s, Inc		85
	14,891		Marcus Corp		249
	177,752		Marriott International, Inc (Class A)		9,958
	22,417	*	Marriott Vacations Worldwide Corp		1,253
	23,085		Matthews International Corp (Class A)		942
	761,774		McDonald’s Corp		74,677
	282,640	*	MGM Mirage		7,309
	7,140	*	Monarch Casino & Resort, Inc		132
	23,956	*	Morgans Hotel Group Co		193
	22,035	*	Multimedia Games, Inc		640
	2,018	*	Nathan’s Famous, Inc		99
	4,600	*,e	Noodles & Co		182
	20,600	*	Norwegian Cruise Line Holdings Ltd		665
	71,477	*	Orient-Express Hotels Ltd (Class A)		1,030
	21,333	*	Panera Bread Co (Class A)		3,765
	24,166		Papa John’s International, Inc		1,259

265

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	51,524	*	Penn National Gaming, Inc	$	635
	43,980	*	Pinnacle Entertainment, Inc		1,042
	18,260	*	Popeyes Louisiana Kitchen, Inc		742
	10,662	*	Red Robin Gourmet Burgers, Inc		764
	37,371		Regis Corp		512
	124,741		Royal Caribbean Cruises Ltd		6,806
	46,223	*	Ruby Tuesday, Inc		259
	26,831		Ruth’s Chris Steak House, Inc		324
	42,614	*	Scientific Games Corp (Class A)		585
	21,338		SeaWorld Entertainment, Inc		645
	161,096		Service Corp International		3,203
	50,232		Six Flags Entertainment Corp		2,017
	45,772	*	Sonic Corp		1,043
	51,448		Sotheby’s (Class A)		2,241
	9,984		Speedway Motorsports, Inc		187
	569,701		Starbucks Corp		41,805
	147,972		Starwood Hotels & Resorts Worldwide, Inc		11,779
	1,149	*	Steak N Shake Co		560
	11,970	*	Steiner Leisure Ltd		554
	9,323	*,e	Strayer Education, Inc		433
	48,004		Texas Roadhouse, Inc (Class A)		1,252
	16,126		Town Sports International Holdings, Inc		137
	15,190		Universal Technical Institute, Inc		197
	27,599		Vail Resorts, Inc		1,924
	20,024	e	Weight Watchers International, Inc		411
	215,839	e	Wendy’s		1,968
	96,319		Wyndham Worldwide Corp		7,053
	61,484		Wynn Resorts Ltd		13,659
	342,871		Yum! Brands, Inc		25,849
			TOTAL CONSUMER SERVICES		350,249
DIVERSIFIED FINANCIALS - 3.7%
	40,110	*	Affiliated Managers Group, Inc		8,024
	215,035	*	American Capital Ltd		3,395
	719,781		American Express Co		64,802
	146,226		Ameriprise Financial, Inc		16,095
	172,494		Apollo Investment Corp		1,433
	225,801		Ares Capital Corp		3,979
	9,688		Artisan Partners Asset Management, Inc		622
	882,053		Bank of New York Mellon Corp		31,128
	97,553		BGC Partners, Inc (Class A)		638
	54,667	e	BlackRock Kelso Capital Corp		501
	99,408		BlackRock, Inc		31,262
	16,951		Calamos Asset Management, Inc (Class A)		219
	443,925		Capital One Financial Corp		34,253
	10,188		Capital Southwest Corp		354
	22,738	e	Cash America International, Inc		880
	66,839		CBOE Holdings, Inc		3,783
	836,494		Charles Schwab Corp		22,861
	242,077		CME Group, Inc		17,916
	14,207	e	Cohen & Steers, Inc		566
	10,988	*	Consumer Portfolio Services, Inc		75

266

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	75,792	*	Cowen Group, Inc	$	334
	5,419	*	Credit Acceptance Corp		770
	7,179		Deerfield Capital Corp		58
	1,990		Diamond Hill Investment Group, Inc		262
	371,983		Discover Financial Services		21,646
	30,717	*	Dollar Financial Corp		271
	216,676	*	E*Trade Financial Corp		4,988
	91,544		Eaton Vance Corp		3,493
	18,317	*,e	Encore Capital Group, Inc		837
	23,860		Evercore Partners, Inc (Class A)		1,318
	38,445	*	Ezcorp, Inc (Class A)		415
	9,821	*	FBR & Co		254
	69,691	e	Federated Investors, Inc (Class B)		2,128
	10,455	e	Fidus Investment Corp		202
	104,057	*	Fifth Street Finance Corp		984
	37,325		Financial Engines, Inc		1,895
	21,634	*	First Cash Financial Services, Inc		1,092
	5,825	*,e	First Marblehead Corp		35
	6,203		Firsthand Technology Value Fund, Inc		132
	312,266		Franklin Resources, Inc		16,919
	9,042	e	Friedman Billings Ramsey Group, Inc (Class A)		239
	27,923	e	FXCM, Inc		412
	7,000		Gain Capital Holdings, Inc		76
	6,584		GAMCO Investors, Inc (Class A)		511
	4,491	e	Garrison Capital, Inc		64
	54,396		GFI Group, Inc		193
	15,081	e	Gladstone Capital Corp		152
	15,921		Gladstone Investment Corp		132
	348,209		Goldman Sachs Group, Inc		57,054
	26,497	e	Golub Capital BDC, Inc		473
	19,596	*	Green Dot Corp		383
	22,433	e	Greenhill & Co, Inc		1,166
	14,431	*,e	GSV Capital Corp		146
	46,985	e	Hercules Technology Growth Capital, Inc		661
	25,335		HFF, Inc (Class A)		852
	4,930	e	Horizon Technology Finance Corp		62
	13,614	*,e	Imperial Holdings, Inc		78
	57,175		ING US, Inc		2,074
	35,381		Interactive Brokers Group, Inc (Class A)		767
	86,996		IntercontinentalExchange Group, Inc		17,210
	12,794	*	International Assets Holding Corp		241
	32,107	*	Internet Capital Group, Inc		656
	337,832		Invesco Ltd		12,500
	28,315	*	Investment Technology Group, Inc		572
	11,500	e	iShares Russell 2000 Index Fund		1,338
	124,420	e	Janus Capital Group, Inc		1,352
	11,011		JMP Group, Inc		78
	20,819	e	KCAP Financial, Inc		180
	54,281	*	KCG Holdings, Inc		648
	73,441	*	Ladenburg Thalmann Financial Services, Inc		222
	97,716		Lazard Ltd (Class A)		4,601
	84,309		Legg Mason, Inc		4,135

267

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	225,092		Leucadia National Corp	$	6,303
	42,965		LPL Financial Holdings, Inc		2,257
	30,028	*,e	Main Street Capital Corp		987
	10,552		Manning & Napier, Inc		177
	27,836		MarketAxess Holdings, Inc		1,648
	6,533		Marlin Business Services Corp		136
	53,786		MCG Capital Corp		204
	14,534		Medallion Financial Corp		192
	30,571	e	Medley Capital Corp		416
	148,210		Moody’s Corp		11,756
	1,157,124		Morgan Stanley		36,068
	91,923	*	MSCI, Inc (Class A)		3,955
	17,411		MVC Capital, Inc		236
	84,624		NASDAQ OMX Group, Inc		3,126
	17,569		Nelnet, Inc (Class A)		719
	31,067		New Mountain Finance Corp		452
	21,889	*	NewStar Financial, Inc		303
	12,077	e	NGP Capital Resources Co		82
	7,402		Nicholas Financial, Inc		116
	182,080		Northern Trust Corp		11,937
	7,363		Oppenheimer Holdings, Inc		207
	7,560	e	PennantPark Floating Rate Capital Ltd		105
	49,497		PennantPark Investment Corp		547
	41,814	*,e	PHH Corp		1,081
	17,372	*	Pico Holdings, Inc		452
	13,978	*	Piper Jaffray Cos		640
	39,048	*	Portfolio Recovery Associates, Inc		2,259
	212,080	e	Prospect Capital Corp		2,291
	9,591		Pzena Investment Management, Inc (Class A)		113
	92,808		Raymond James Financial, Inc		5,191
	4,005	*	Regional Management Corp		99
	9,098		Resource America, Inc (Class A)		78
	19,711	*	Safeguard Scientifics, Inc		437
	60,000	*	Santander Consumer USA Holdings, Inc		1,445
	109,665		SEI Investments Co		3,686
	337,831		SLM Corp		8,270
	34,070		Solar Capital Ltd		742
	8,927	e	Solar Senior Capital Ltd		153
	5,300		SPDR S&P MidCap 400 ETF Trust		1,328
	84,000		SPDR Trust Series 1		15,711
	18,800	*,e	Springleaf Holdings, Inc		473
	325,965		State Street Corp		22,671
	8,917	e	Stellus Capital Investment Corp		128
	48,147	*	Stifel Financial Corp		2,396
	26,347	*	SWS Group, Inc		197
	197,360		T Rowe Price Group, Inc		16,253
	26,893	e	TCP Capital Corp		445
	177,302		TD Ameritrade Holding Corp		6,019
	25,867		THL Credit, Inc		357
	39,767	e	TICC Capital Corp		389
	20,596		Triangle Capital Corp		533
	5,194	*	Virtus Investment Partners, Inc		899

268

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	65,189		Waddell & Reed Financial, Inc (Class A)	$	4,799
	30,353	*,e	Walter Investment Management Corp		905
	5,409		Westwood Holdings Group, Inc		339
	5,336		WhiteHorse Finance, Inc		75
	76,546	*,e	WisdomTree Investments, Inc		1,004
	6,547	*,e	World Acceptance Corp		492
			TOTAL DIVERSIFIED FINANCIALS		594,326
ENERGY - 9.2%
	70,225	*	Abraxas Petroleum Corp		278
	1,730		Adams Resources & Energy, Inc		100
	17,965	e	Alon USA Energy, Inc		268
	172,068	*,e	Alpha Natural Resources, Inc		731
	13,406	*,e	Amyris Biotechnologies, Inc		50
	381,030		Anadarko Petroleum Corp		32,296
	29,400	*	Antero Resources Corp		1,840
	296,715		Apache Corp		24,613
	6,580	*,e	APCO Argentina, Inc		95
	25,857	*,e	Approach Resources, Inc		541
	170,075	e	Arch Coal, Inc		820
	13,800	*	Athlon Energy, Inc		489
	42,045	*	Atwood Oceanics, Inc		2,119
	335,887		Baker Hughes, Inc		21,839
	23,122	*	Basic Energy Services, Inc		634
	36,863	*,e	Bill Barrett Corp		944
	6,457		Bolt Technology Corp		128
	23,393	*	Bonanza Creek Energy, Inc		1,039
	90,573	*,e	BPZ Energy, Inc		288
	26,221		Bristow Group, Inc		1,980
	34,352	*,e	C&J Energy Services, Inc		1,002
	320,466		Cabot Oil & Gas Corp		10,857
	79,978	*,e	Cal Dive International, Inc		136
	30,407	*	Callon Petroleum Co		255
	171,299	*	Cameron International Corp		10,581
	15,028	e	CARBO Ceramics, Inc		2,074
	30,645	*	Carrizo Oil & Gas, Inc		1,638
	185,199	*	Cheniere Energy, Inc		10,251
	440,764		Chesapeake Energy Corp		11,292
	1,473,180		Chevron Corp		175,176
	66,090		Cimarex Energy Co		7,872
	4,602	*	Clayton Williams Energy, Inc		520
	50,466	*,e	Clean Energy Fuels Corp		451
	46,507	*	Cloud Peak Energy, Inc		983
	208,263	*	Cobalt International Energy, Inc		3,815
	36,545	e	Comstock Resources, Inc		835
	79,401	*	Concho Resources, Inc		9,727
	928,777		ConocoPhillips		65,339
	173,265		Consol Energy, Inc		6,922
	10,581		Contango Oil & Gas Co		505
	32,408	*,e	Continental Resources, Inc		4,027
	11,149	e	CVR Energy, Inc		471
	6,271		Dawson Geophysical Co		176

269

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	28,844		Delek US Holdings, Inc	$	838
	283,577		Denbury Resources, Inc		4,651
	309,448		Devon Energy Corp		20,711
	50,196	e	Diamond Offshore Drilling, Inc		2,448
	13,900	*	Diamondback Energy, Inc		936
	57,836	*	Dresser-Rand Group, Inc		3,378
	30,642	*	Dril-Quip, Inc		3,435
	43,233	*,e	Emerald Oil, Inc		291
	39,982	*,e	Endeavour International Corp		130
	55,035		Energen Corp		4,447
	60,585	e	Energy XXI Bermuda Ltd		1,428
	206,835		EOG Resources, Inc		40,575
	30,000	*	EP Energy Corp		587
	21,960	*,e	EPL Oil & Gas, Inc		848
	27,387		Equal Energy Ltd		125
	114,287		Equitable Resources, Inc		11,082
	16,143	*	Era Group, Inc		473
	11,704		Evolution Petroleum Corp		149
	130,558	e	EXCO Resources, Inc		731
	43,775		Exterran Holdings, Inc		1,921
	3,378,988	d	Exxon Mobil Corp		330,060
	181,300	*	FMC Technologies, Inc		9,480
	91,201	*	Forest Oil Corp		174
	29,897	*	Forum Energy Technologies, Inc		926
	26,300		Frank’s International NV		652
	39,564	*,e	Frontline Ltd		156
	36,931	*,e	FX Energy, Inc		123
	17,507		GasLog Ltd		408
	51,404	*	Gastar Exploration, Inc		281
	9,836	*,e	Geospace Technologies Corp		651
	34,474	e	Golar LNG Ltd		1,437
	24,817	*,e	Goodrich Petroleum Corp		393
	20,962		Green Plains Renewable Energy, Inc		628
	11,124		Gulf Island Fabrication, Inc		240
	20,444		Gulfmark Offshore, Inc		919
	64,737	*	Gulfport Energy Corp		4,608
	176,659	*,e	Halcon Resources Corp		765
	3,710		Hallador Petroleum Co		32
	643,704		Halliburton Co		37,908
	81,306	*	Helix Energy Solutions Group, Inc		1,868
	71,374		Helmerich & Payne, Inc		7,677
	121,560	*	Hercules Offshore, Inc		558
	221,036		Hess Corp		18,319
	154,566		Holly Corp		7,354
	27,723	*	Hornbeck Offshore Services, Inc		1,159
	100,154	*	ION Geophysical Corp		422
	823	*,e	Isramco, Inc		109
	8,500	*	Jones Energy, Inc (Class A)		129
	118,324	*	Key Energy Services, Inc		1,093
	503,414		Kinder Morgan, Inc		16,356
	33,098	*,e	KiOR, Inc (Class A)		19
	18,775		Knightsbridge Tankers Ltd		254

270

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	211,347	*	Kodiak Oil & Gas Corp	$	2,566
	73,463	*	Kosmos Energy LLC		808
	22,491	*,e,m	L&L Energy, Inc		19
	32,948	*	Laredo Petroleum Holdings, Inc		852
	128,410	*,e	Magnum Hunter Resources Corp		1,092
	538,829		Marathon Oil Corp		19,139
	229,669		Marathon Petroleum Corp		19,990
	44,270	*	Matador Resources Co		1,084
	23,922	*	Matrix Service Co		808
	188,124	*,e	McDermott International, Inc		1,471
	25,277	*,e	Midstates Petroleum Co, Inc		135
	37,819	*,e	Miller Petroleum, Inc		222
	9,855	*	Mitcham Industries, Inc		137
	136,288		Murphy Oil Corp		8,567
	223,659		Nabors Industries Ltd		5,513
	324,337		National Oilwell Varco, Inc		25,256
	9,713	*	Natural Gas Services Group, Inc		293
	103,184	*	Newfield Exploration Co		3,236
	69,133	*	Newpark Resources, Inc		792
	272,567		Noble Energy, Inc		19,363
	48,702	e	Nordic American Tanker Shipping		479
	25,000		North Atlantic Drilling Ltd		221
	48,403	*,e	Northern Oil And Gas, Inc		708
	16,270	*,e	Nuverra Environmental Solutions, Inc		330
	71,421	*	Oasis Petroleum, Inc		2,980
	611,984		Occidental Petroleum Corp		58,316
	82,172		Oceaneering International, Inc		5,905
	42,049	*	Oil States International, Inc		4,146
	158,189		Oneok, Inc		9,373
	5,367		Panhandle Oil and Gas, Inc (Class A)		234
	96,030	*	Parker Drilling Co		681
	113,291		Patterson-UTI Energy, Inc		3,589
	18,000	e	PBF Energy, Inc		464
	27,088	*	PDC Energy, Inc		1,687
	207,042		Peabody Energy Corp		3,383
	42,828	*,e	Penn Virginia Corp		749
	43,261	*	Petroquest Energy, Inc		247
	9,723	*	PHI, Inc		430
	443,135		Phillips 66		34,148
	42,944	*	Pioneer Energy Services Corp		556
	104,062		Pioneer Natural Resources Co		19,474
	136,144		Questar Market Resources, Inc		4,008
	106,368	*,e	Quicksilver Resources, Inc		280
	124,202		Range Resources Corp		10,305
	21,954	*,e	Renewable Energy Group, Inc		263
	51,813	*,e	Resolute Energy Corp		373
	36,039	*	Rex Energy Corp		674
	5,384	*	Rex Stores Corp		307
	25,000	*	Rice Energy, Inc		660
	9,601	*	RigNet, Inc		517
	45,950	*	Rosetta Resources, Inc		2,140
	93,726	*	Rowan Cos plc		3,157

271

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	49,925	e	RPC, Inc	$	1,019
	17,500	*	RSP Permian, Inc		506
	29,011	*,e	Sanchez Energy Corp		860
	375,818	*,e	SandRidge Energy, Inc		2,308
	1,010,308		Schlumberger Ltd		98,505
	140,502		Scorpio Tankers, Inc		1,401
	15,043		SEACOR Holdings, Inc		1,300
	270,257	e	Seadrill Ltd		9,502
	31,863		SemGroup Corp		2,093
	40,831	e	Ship Finance International Ltd		734
	36,371	*,e	Solazyme, Inc		422
	266,793	*	Southwestern Energy Co		12,275
	508,692		Spectra Energy Corp		18,791
	49,940		St. Mary Land & Exploration Co		3,560
	38,145	*	Stone Energy Corp		1,601
	120,353		Superior Energy Services		3,702
	39,048	*,e	Swift Energy Co		420
	44,222	*	Synergy Resources Corp		475
	24,801		Targa Resources Investments, Inc		2,462
	27,666		Teekay Corp		1,556
	48,134	e	Teekay Tankers Ltd (Class A)		170
	23,351	*	Tesco Corp		432
	104,350		Tesoro Corp		5,279
	61,337	*	Tetra Technologies, Inc		785
	11,511		TGC Industries, Inc		69
	36,444		Tidewater, Inc		1,772
	51,822	*,e	Triangle Petroleum Corp		427
	117,937	*,e	Ultra Petroleum Corp		3,171
	36,980	*	Unit Corp		2,418
	76,523	*,e	Uranium Energy Corp		101
	94,356	*,e	Ur-Energy, Inc		146
	48,465	*	Vaalco Energy, Inc		414
	414,910		Valero Energy Corp		22,032
	169,150	*,e	Vantage Drilling Co		289
	26,733	e	W&T Offshore, Inc		463
	67,894	*	Warren Resources, Inc		326
	41,371	e	Western Refining, Inc		1,597
	7,723	*	Westmoreland Coal Co		230
	89,390	*	Whiting Petroleum Corp		6,203
	33,654	*	Willbros Group, Inc		425
	519,114		Williams Cos, Inc		21,066
	55,107		World Fuel Services Corp		2,430
	151,612	*	WPX Energy, Inc		2,734
	19,733	*,e	ZaZa Energy Corp		15
			TOTAL ENERGY		1,478,952
FOOD & STAPLES RETAILING - 2.0%
	21,366		Andersons, Inc		1,266
	29,135		Casey’s General Stores, Inc		1,969
	14,374	*	Chefs’ Warehouse Holdings, Inc		308
	331,185		Costco Wholesale Corp		36,987
	930,242		CVS Corp		69,638

272

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	11,866	*,e	Fairway Group Holdings Corp	$	91
	31,233	*	Fresh Market, Inc		1,049
	8,163		Ingles Markets, Inc (Class A)		194
	393,071		Kroger Co		17,158
	6,410	*,e	Natural Grocers by Vitamin C		280
	16,292	*	Pantry, Inc		250
	14,319		Pricesmart, Inc		1,445
	553,974	*	Rite Aid Corp		3,473
	19,881	e	Roundy’s, Inc		137
	181,072		Safeway, Inc		6,689
	28,394		Spartan Stores, Inc		659
	15,500	*,e	Sprouts Farmers Market, Inc		559
	154,781	*,e	Supervalu, Inc		1,059
	13,980	*,e	Susser Holdings Corp		873
	449,525		Sysco Corp		16,241
	38,243	*	United Natural Foods, Inc		2,712
	4,843		Village Super Market (Class A)		128
	719,323		Walgreen Co		47,497
	1,223,726		Wal-Mart Stores, Inc		93,529
	8,834		Weis Markets, Inc		435
	281,586		Whole Foods Market, Inc		14,279
			TOTAL FOOD & STAPLES RETAILING		318,905
FOOD, BEVERAGE & TOBACCO - 4.5%
	2,319		Alico, Inc		87
	68,179	*	Alliance One International, Inc		199
	1,525,348		Altria Group, Inc		57,094
	10,027	*,e	Annie’s, Inc		403
	500,856		Archer Daniels Midland Co		21,732
	40,577		B&G Foods, Inc (Class A)		1,222
	122,773		Beam, Inc		10,227
	6,146	*,e	Boston Beer Co, Inc (Class A)		1,504
	44,670	*	Boulder Brands, Inc		787
	114,934		Brown-Forman Corp (Class B)		10,308
	111,586		Bunge Ltd		8,872
	9,305		Calavo Growers, Inc		331
	10,929		Cal-Maine Foods, Inc		686
	133,322	e	Campbell Soup Co		5,984
	35,476	*	Chiquita Brands International, Inc		442
	3,512		Coca-Cola Bottling Co Consolidated		298
	2,906,570		Coca-Cola Co		112,368
	196,725		Coca-Cola Enterprises, Inc		9,396
	316,741		ConAgra Foods, Inc		9,828
	117,161	*	Constellation Brands, Inc (Class A)		9,955
	7,653	*	Craft Brewers Alliance, Inc		117
	121,494	*	Darling International, Inc		2,432
	70,011		Dean Foods Co		1,082
	16,103	*,e	Diamond Foods, Inc		562
	155,039		Dr Pepper Snapple Group, Inc		8,443
	5,320	*	Farmer Bros Co		105
	128,238		Flowers Foods, Inc		2,751
	27,620		Fresh Del Monte Produce, Inc		762

273

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	489,979		General Mills, Inc	$	25,391
	2,482		Griffin Land & Nurseries, Inc (Class A)		75
	29,164	*	Hain Celestial Group, Inc		2,668
	114,104		Hershey Co		11,912
	93,510		Hillshire Brands Co		3,484
	100,334		Hormel Foods Corp		4,943
	59,068		Ingredion, Inc		4,021
	10,713	*	Inventure Foods, Inc		150
	11,326		J&J Snack Foods Corp		1,087
	81,528		J.M. Smucker Co		7,928
	5,780		John B. Sanfilippo & Son, Inc		133
	196,254		Kellogg Co		12,307
	113,862	e	Keurig Green Mountain, Inc		12,023
	451,981		Kraft Foods Group, Inc		25,356
	13,050		Lancaster Colony Corp		1,297
	38,935		Lance, Inc		1,098
	3,603	e	Lifeway Foods, Inc		53
	6,464	e	Limoneira Co		147
	287,111		Lorillard, Inc		15,527
	100,712		McCormick & Co, Inc		7,225
	153,886		Mead Johnson Nutrition Co		12,794
	106,487		Molson Coors Brewing Co (Class B)		6,268
	1,357,791		Mondelez International, Inc		46,912
	102,054	*	Monster Beverage Corp		7,088
	5,604		National Beverage Corp		109
	15,084	*	Omega Protein Corp		182
	1,175,168		PepsiCo, Inc		98,127
	1,242,887		Philip Morris International, Inc		101,755
	45,390	*	Pilgrim’s Pride Corp		950
	25,540		Pinnacle Foods, Inc		763
	24,973	*	Post Holdings, Inc		1,377
	239,445		Reynolds American, Inc		12,791
	17,484		Sanderson Farms, Inc		1,372
	224		Seaboard Corp		587
	6,106	*	Seneca Foods Corp		192
	14,223	*,e	Synutra International, Inc		95
	15,358	e	Tootsie Roll Industries, Inc		460
	28,438	*	TreeHouse Foods, Inc		2,047
	212,762		Tyson Foods, Inc (Class A)		9,364
	17,708	e	Universal Corp		990
	50,271	e	Vector Group Ltd		1,083
	105,268	*	WhiteWave Foods Co (Class A)		3,004
			TOTAL FOOD, BEVERAGE & TOBACCO		723,112
HEALTH CARE EQUIPMENT & SERVICES - 4.6%
	15,924	e	Abaxis, Inc		619
	1,186,165		Abbott Laboratories		45,679
	29,721	*,e	Abiomed, Inc		774
	26,970	*	Acadia Healthcare Co, Inc		1,217
	52,299	*,e	Accuray, Inc		502
	4,240	*	Addus HomeCare Corp		98
	287,562		Aetna, Inc		21,558

274

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	29,433	e	Air Methods Corp	$	1,573
	55,710	*	Align Technology, Inc		2,885
	4,207	*	Alliance HealthCare Services, Inc		141
	133,589	*	Allscripts Healthcare Solutions, Inc		2,409
	7,268		Almost Family, Inc		168
	39,818	*	Alphatec Holdings, Inc		60
	21,596	*	Amedisys, Inc		322
	176,361		AmerisourceBergen Corp		11,567
	34,893	*	AMN Healthcare Services, Inc		479
	23,448	*	Amsurg Corp		1,104
	9,253		Analogic Corp		760
	18,523	*	Angiodynamics, Inc		292
	8,891	*	Anika Therapeutics, Inc		365
	91,526	*,e	Antares Pharma, Inc		320
	20,843	*	Arthrocare Corp		1,004
	27,901	*,e	athenahealth, Inc		4,471
	15,737	*	AtriCure, Inc		296
	1,165		Atrion Corp		357
	61,206		Bard (C.R.), Inc		9,057
	411,848		Baxter International, Inc		30,304
	147,715		Becton Dickinson & Co		17,294
	22,893	*,e	Biolase Technology, Inc		55
	17,746	*,e	Bio-Reference Labs, Inc		491
	44,213	*,e	BioScrip, Inc		309
	1,025,414	*	Boston Scientific Corp		13,864
	77,576	*	Brookdale Senior Living, Inc		2,600
	27,942		Cantel Medical Corp		942
	21,051	*	Capital Senior Living Corp		547
	259,817		Cardinal Health, Inc		18,182
	15,037	*	Cardiovascular Systems, Inc		478
	166,970	*	CareFusion Corp		6,716
	156,388	*	Catamaran Corp		7,000
	41,366	*	Centene Corp		2,575
	225,668	*	Cerner Corp		12,694
	49,516	*,e	Cerus Corp		238
	14,552	e	Chemed Corp		1,302
	8,056	*	Chindex International, Inc		154
	216,255		Cigna Corp		18,107
	85,526		Community Health Systems, Inc		3,350
	9,537		Computer Programs & Systems, Inc		616
	22,053		Conmed Corp		958
	37,072		Cooper Cos, Inc		5,092
	12,032	*	Corvel Corp		599
	358,006		Covidien plc		26,371
	22,090	*	Cross Country Healthcare, Inc		178
	19,963		CryoLife, Inc		199
	10,626	*	Cutera, Inc		119
	20,834	*	Cyberonics, Inc		1,359
	12,860	*	Cynosure, Inc (Class A)		377
	139,972	*	DaVita, Inc		9,637
	109,051		Dentsply International, Inc		5,021
	10,143	*,e	Derma Sciences, Inc		129

275

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	53,654	*	DexCom, Inc	$	2,219
	85,882	*,e	Edwards Lifesciences Corp		6,370
	30,361	*	Emeritus Corp		955
	47,927	*	Endologix, Inc		617
	14,856		Ensign Group, Inc		648
	36,800	*	Envision Healthcare Holdings, Inc		1,245
	7,074	*	Exactech, Inc		160
	23,160	*	ExamWorks Group, Inc		811
	591,770	*	Express Scripts Holding Co		44,436
	29,310	*	Five Star Quality Care, Inc		142
	30,765	*,e	GenMark Diagnostics, Inc		306
	22,160	*	Gentiva Health Services, Inc		202
	41,537	*	Globus Medical, Inc		1,104
	18,107	*	Greatbatch, Inc		831
	38,562	*	Haemonetics Corp		1,257
	25,502	*	Hanger Orthopedic Group, Inc		859
	203,382	*	HCA Holdings, Inc		10,678
	60,101	*	Health Net, Inc		2,044
	66,457		Healthsouth Corp		2,388
	14,864	*	HealthStream, Inc		397
	28,116	*,e	Healthways, Inc		482
	12,504	*	HeartWare International, Inc		1,173
	66,261	*	Henry Schein, Inc		7,910
	46,960		Hill-Rom Holdings, Inc		1,810
	65,676	*	HMS Holdings Corp		1,251
	204,404	*	Hologic, Inc		4,395
	118,912		Humana, Inc		13,404
	9,893	*	ICU Medical, Inc		592
	41,103	*	Idexx Laboratories, Inc		4,990
	39,836	*	Insulet Corp		1,889
	16,089	*	Integra LifeSciences Holdings Corp		740
	29,188	*	Intuitive Surgical, Inc		12,784
	23,110		Invacare Corp		441
	62,113	*	Inverness Medical Innovations, Inc		2,134
	12,768	*	IPC The Hospitalist Co, Inc		627
	38,766		Kindred Healthcare, Inc		908
	66,472	*	Laboratory Corp of America Holdings		6,528
	8,629		Landauer, Inc		391
	11,927	*	LHC Group, Inc		263
	36,120	*	LifePoint Hospitals, Inc		1,970
	20,796	*	Magellan Health Services, Inc		1,234
	38,810		Masimo Corp		1,060
	172,760		McKesson Corp		30,504
	44,883	*	MedAssets, Inc		1,109
	10,881	*	Medical Action Industries, Inc		76
	39,902	*	Medidata Solutions, Inc		2,168
	773,143		Medtronic, Inc		47,579
	43,385	*	Merge Healthcare, Inc		106
	31,965		Meridian Bioscience, Inc		696
	32,366	*	Merit Medical Systems, Inc		463
	21,513	*	Molina Healthcare, Inc		808
	9,533	*	MWI Veterinary Supply, Inc		1,483

276

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	8,081		National Healthcare Corp	$	451
	5,598	*	National Research Corp		93
	22,829	*	Natus Medical, Inc		589
	27,729	*	Neogen Corp		1,246
	33,067	*	NuVasive, Inc		1,270
	45,234	*	NxStage Medical, Inc		576
	79,723		Omnicare, Inc		4,757
	25,874	*	Omnicell, Inc		740
	36,642	*	OraSure Technologies, Inc		292
	14,876	*	Orthofix International NV		448
	48,567	e	Owens & Minor, Inc		1,701
	66,558		Patterson Cos, Inc		2,779
	75,502	*	Pediatrix Medical Group, Inc		4,680
	23,814	*	PharMerica Corp		666
	9,836	*,e	PhotoMedex, Inc		156
	24,800	*	Premier, Inc		817
	8,598	*	Providence Service Corp		243
	29,676		Quality Systems, Inc		501
	110,089	e	Quest Diagnostics, Inc		6,376
	21,781	*,e	Quidel Corp		595
	108,952	e	Resmed, Inc		4,869
	31,391	*,e	Rockwell Medical Technologies, Inc		397
	38,631	*	RTI Biologics, Inc		158
	36,584		Select Medical Holdings Corp		455
	42,129	*	Sirona Dental Systems, Inc		3,146
	15,881	*	Skilled Healthcare Group, Inc (Class A)		84
	30,482	*	Spectranetics Corp		924
	215,715		St. Jude Medical, Inc		14,106
	26,141	*	Staar Surgical Co		491
	44,285		STERIS Corp		2,115
	252,822		Stryker Corp		20,597
	8,600	*	Surgical Care Affiliates, Inc		264
	13,627	*	SurModics, Inc		308
	32,497	*	Symmetry Medical, Inc		327
	52,336	*	Team Health Holdings, Inc		2,342
	19,871	*,e	TearLab Corp		134
	31,210		Teleflex, Inc		3,347
	79,191	*	Tenet Healthcare Corp		3,390
	44,951	*	Thoratec Corp		1,610
	20,149	*	Tornier BV		428
	20,300	*	Triple-S Management Corp (Class B)		328
	77,329	*,e	Unilife Corp		315
	774,715		UnitedHealth Group, Inc		63,519
	28,773		Universal American Corp		203
	68,958		Universal Health Services, Inc (Class B)		5,659
	8,422		US Physical Therapy, Inc		291
	697	*,e	USMD Holdings, Inc		9
	2,349		Utah Medical Products, Inc		136
	82,411	*	Varian Medical Systems, Inc		6,922
	12,709	*	Vascular Solutions, Inc		333
	66,310	*	VCA Antech, Inc		2,137
	11,900	*,e	Veeva Systems, Inc		318

277

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	15,934	*	Vocera Communications, Inc	$	260
	44,457	*,e	Volcano Corp		876
	32,655	*	WellCare Health Plans, Inc		2,074
	212,479		WellPoint, Inc		21,152
	52,696		West Pharmaceutical Services, Inc		2,321
	33,963	*	Wright Medical Group, Inc		1,055
	12,908	*	Zeltiq Aesthetics, Inc		253
	127,984		Zimmer Holdings, Inc		12,105
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		734,305
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	332,448		Avon Products, Inc		4,867
	39,882	*	Central Garden and Pet Co (Class A)		330
	103,732		Church & Dwight Co, Inc		7,165
	99,051	e	Clorox Co		8,717
	708,931	*	Colgate-Palmolive Co		45,988
	43,500	e	Coty, Inc		652
	19,608	*	Elizabeth Arden, Inc		579
	46,250		Energizer Holdings, Inc		4,659
	174,866		Estee Lauder Cos (Class A)		11,695
	15,213	e	Female Health Co		118
	25,252	*,e	Harbinger Group, Inc		309
	66,040	e	Herbalife Ltd		3,782
	12,258		Inter Parfums, Inc		444
	292,295		Kimberly-Clark Corp		32,225
	74,599	*,e	Lifevantage Corp		98
	9,661	*	Medifast, Inc		281
	5,868		Nature’s Sunshine Products, Inc		81
	44,175		Nu Skin Enterprises, Inc (Class A)		3,660
	8,067		Nutraceutical International Corp		210
	3,981		Oil-Dri Corp of America		137
	4,547		Orchids Paper Products Co		139
	2,082,839		Procter & Gamble Co		167,877
	9,587	*	Revlon, Inc (Class A)		245
	15,918		Spectrum Brands, Inc		1,269
	110,286	*,e	Star Scientific, Inc		87
	5,403	*,e	USANA Health Sciences, Inc		407
	11,764		WD-40 Co		912
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		296,933
INSURANCE - 4.1%
	258,666		ACE Ltd		25,623
	354,301		Aflac, Inc		22,335
	12,475	*	Alleghany Corp		5,082
	26,404		Allied World Assurance Co Holdings Ltd		2,725
	356,385		Allstate Corp		20,164
	34,048	*	AMBAC Financial Group, Inc		1,056
	48,474		American Equity Investment Life Holding Co		1,145
	59,156		American Financial Group, Inc		3,414
	1,121,029		American International Group, Inc		56,063
	5,469		American National Insurance Co		618
	13,065		Amerisafe, Inc		574

278

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	23,097	e	Amtrust Financial Services, Inc	$	869
	235,462		Aon plc		19,845
	101,165	*	Arch Capital Group Ltd		5,821
	20,783		Argo Group International Holdings Ltd		954
	96,211		Arthur J. Gallagher & Co		4,578
	50,374		Aspen Insurance Holdings Ltd		2,000
	53,750		Assurant, Inc		3,492
	129,363		Assured Guaranty Ltd		3,275
	89,885		Axis Capital Holdings Ltd		4,121
	6,904		Baldwin & Lyons, Inc (Class B)		181
	1,367,659	*	Berkshire Hathaway, Inc (Class B)		170,916
	89,066		Brown & Brown, Inc		2,740
	187,959		Chubb Corp		16,785
	124,217		Cincinnati Financial Corp		6,044
	32,879	*	Citizens, Inc (Class A)		243
	19,762		CNA Financial Corp		844
	168,806		Conseco, Inc		3,055
	19,001		Crawford & Co (Class B)		207
	7,812		Donegal Group, Inc (Class A)		114
	14,028	*	eHealth, Inc		713
	4,503		EMC Insurance Group, Inc		160
	24,104		Employers Holdings, Inc		488
	31,468		Endurance Specialty Holdings Ltd		1,694
	7,174	*	Enstar Group Ltd		978
	20,774		Erie Indemnity Co (Class A)		1,449
	38,034		Everest Re Group Ltd		5,821
	9,829		FBL Financial Group, Inc (Class A)		426
	209,065		Fidelity National Title Group, Inc (Class A)		6,573
	80,939		First American Financial Corp		2,149
	4,187	*	Fortegra Financial Corp		29
	375,048	*	Genworth Financial, Inc (Class A)		6,650
	20,683	*	Greenlight Capital Re Ltd (Class A)		678
	7,438	*	Hallmark Financial Services		62
	33,724		Hanover Insurance Group, Inc		2,072
	345,892		Hartford Financial Services Group, Inc		12,200
	75,001		HCC Insurance Holdings, Inc		3,412
	6,789	e	HCI Group, Inc		247
	2,870	*,e	Health Insurance Innovations, Inc		30
	49,340	*	Hilltop Holdings, Inc		1,174
	29,235		Horace Mann Educators Corp		848
	5,951		Independence Holding Co		80
	10,249		Infinity Property & Casualty Corp		693
	862		Investors Title Co		65
	2,854		Kansas City Life Insurance Co		138
	37,633		Kemper Corp		1,474
	203,899		Lincoln National Corp		10,332
	233,503		Loews Corp		10,286
	34,934		Maiden Holdings Ltd		436
	10,287	*	Markel Corp		6,132
	418,052		Marsh & McLennan Cos, Inc		20,610
	108,070	*	MBIA, Inc		1,512
	42,189		Meadowbrook Insurance Group, Inc		246

279

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	20,342		Mercury General Corp	$	917
	680,250		Metlife, Inc		35,917
	35,141		Montpelier Re Holdings Ltd		1,046
	7,244		National Interstate Corp		194
	1,551		National Western Life Insurance Co (Class A)		379
	8,338	*	Navigators Group, Inc		512
	195,723		Old Republic International Corp		3,210
	17,609		OneBeacon Insurance Group Ltd (Class A)		272
	41,191		PartnerRe Ltd		4,263
	4,932	*	Phoenix Cos, Inc		255
	24,214		Platinum Underwriters Holdings Ltd		1,455
	43,301		Primerica, Inc		2,040
	223,115		Principal Financial Group		10,261
	46,842		ProAssurance Corp		2,086
	460,432		Progressive Corp		11,152
	61,341		Protective Life Corp		3,226
	353,108		Prudential Financial, Inc		29,891
	54,915		Reinsurance Group of America, Inc (Class A)		4,373
	34,135		RenaissanceRe Holdings Ltd		3,332
	32,282		RLI Corp		1,428
	10,041		Safety Insurance Group, Inc		541
	42,211		Selective Insurance Group, Inc		984
	33,695		Stancorp Financial Group, Inc		2,251
	9,480		State Auto Financial Corp		202
	16,046		Stewart Information Services Corp		564
	62,336		Symetra Financial Corp		1,235
	19,300	*	Third Point Reinsurance Ltd		306
	70,622		Torchmark Corp		5,558
	21,406	e	Tower Group International Ltd		58
	267,583		Travelers Cos, Inc		22,771
	6,929	*	United America Indemnity Ltd		182
	16,961		United Fire & Casualty Co		515
	22,242		Universal Insurance Holdings, Inc		282
	202,943		UnumProvident Corp		7,166
	79,239		Validus Holdings Ltd		2,988
	82,061		W.R. Berkley Corp		3,415
	4,646		White Mountains Insurance Group Ltd		2,787
	221,856		XL Capital Ltd		6,933
			TOTAL INSURANCE		659,687
MATERIALS - 3.8%
	22,177		A. Schulman, Inc		804
	15,542	*	Advanced Emissions Solutions, Inc		381
	3,376	*	AEP Industries, Inc		125
	158,536		Air Products & Chemicals, Inc		18,872
	49,733		Airgas, Inc		5,297
	110,458	*,e	AK Steel Holding Corp		797
	62,071		Albemarle Corp		4,123
	811,261		Alcoa, Inc		10,441
	81,466		Allegheny Technologies, Inc		3,070
	79,955	*,e	Allied Nevada Gold Corp		345
	21,055		AMCOL International Corp		964

280

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	20,501	e	American Vanguard Corp	$	444
	50,635		Aptargroup, Inc		3,347
	15,246	*	Arabian American Development Co		165
	60,168		Ashland, Inc		5,986
	75,563		Avery Dennison Corp		3,829
	52,910		Axiall Corp		2,377
	23,190		Balchem Corp		1,209
	111,493		Ball Corp		6,111
	78,588		Bemis Co, Inc		3,084
	42,124	*	Berry Plastics Group, Inc		975
	10,300	*	Boise Cascade Co		295
	14,781		Brush Engineered Materials, Inc		502
	48,545		Cabot Corp		2,867
	41,280	*	Calgon Carbon Corp		901
	35,267		Carpenter Technology Corp		2,329
	11,808	*,e	Castle (A.M.) & Co		173
	121,529		Celanese Corp (Series A)		6,746
	39,702	*	Century Aluminum Co		524
	41,349		CF Industries Holdings, Inc		10,777
	5,158		Chase Corp		163
	73,547	*	Chemtura		1,860
	16,903	*	Clearwater Paper Corp		1,059
	116,499		Cliffs Natural Resources, Inc		2,384
	77,643	*	Coeur d’Alene Mines Corp		721
	89,141		Commercial Metals Co		1,683
	25,270		Compass Minerals International, Inc		2,085
	107,626	*	Crown Holdings, Inc		4,815
	27,766		Cytec Industries, Inc		2,710
	9,014		Deltic Timber Corp		588
	25,140		Domtar Corp		2,821
	919,158		Dow Chemical Co		44,662
	700,454		Du Pont (E.I.) de Nemours & Co		47,000
	37,135		Eagle Materials, Inc		3,292
	118,069		Eastman Chemical Co		10,179
	200,262		Ecolab, Inc		21,626
	55,318	*	Ferro Corp		756
	35,881	*,e	Flotek Industries, Inc		999
	103,495		FMC Corp		7,924
	785,971		Freeport-McMoRan Copper & Gold, Inc (Class B)		25,992
	14,460		FutureFuel Corp		294
	51,402	*,e	General Moly, Inc		51
	32,454		Glatfelter		883
	47,286		Globe Specialty Metals, Inc		984
	24,960	*,e	Gold Resource Corp		119
	149,293	*	Graphic Packaging Holding Co		1,517
	24,459		Greif, Inc (Class A)		1,284
	39,075		H.B. Fuller Co		1,887
	6,809		Hawkins, Inc		250
	9,402		Haynes International, Inc		508
	54,162	*	Headwaters, Inc		715
	262,218	e	Hecla Mining Co		805
	33,599	*	Horsehead Holding Corp		565

281

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	145,355		Huntsman Corp	$	3,550
	16,427		Innophos Holdings, Inc		931
	18,027		Innospec, Inc		815
	62,007		International Flavors & Fragrances, Inc		5,932
	338,906		International Paper Co		15,549
	40,015	e	Intrepid Potash, Inc		619
	14,023		Kaiser Aluminum Corp		1,002
	62,146		Kapstone Paper and Packaging Corp		1,792
	4,800		KMG Chemicals, Inc		75
	16,539		Koppers Holdings, Inc		682
	24,388	*	Kraton Polymers LLC		637
	14,288	e	Kronos Worldwide, Inc		238
	19,323	*	Landec Corp		216
	104,108	*	Louisiana-Pacific Corp		1,756
	13,887	*	LSB Industries, Inc		520
	289,735		LyondellBasell Industries AF S.C.A		25,769
	34,945	e	Martin Marietta Materials, Inc		4,485
	135,736		MeadWestvaco Corp		5,109
	60,363	*,e	Midway Gold Corp		63
	27,178		Minerals Technologies, Inc		1,755
	124,409	*,e	Molycorp, Inc		583
	405,263		Monsanto Co		46,107
	228,319		Mosaic Co		11,416
	23,791		Myers Industries, Inc		474
	11,726		Neenah Paper, Inc		606
	7,313		NewMarket Corp		2,858
	376,798		Newmont Mining Corp		8,832
	29,589		Noranda Aluminium Holding Corp		122
	240,123		Nucor Corp		12,136
	61,075	e	Olin Corp		1,686
	8,985		Olympic Steel, Inc		258
	23,303		OM Group, Inc		774
	32,453	*	Omnova Solutions, Inc		337
	126,112	*	Owens-Illinois, Inc		4,266
	74,848		Packaging Corp of America		5,267
	90,889	*,e	Paramount Gold and Silver Corp		112
	6,963	*	Penford Corp		100
	75,550		PolyOne Corp		2,770
	108,584		PPG Industries, Inc		21,007
	224,774		Praxair, Inc		29,439
	9,804		Quaker Chemical Corp		773
	58,316		Reliance Steel & Aluminum Co		4,121
	201,095		Rentech, Inc		382
	55,110	*,e	Resolute Forest Products		1,107
	55,046		Rock-Tenn Co (Class A)		5,811
	55,625		Rockwood Holdings, Inc		4,138
	48,654		Royal Gold, Inc		3,047
	101,323		RPM International, Inc		4,239
	23,200	*	RTI International Metals, Inc		644
	19,399		Schnitzer Steel Industries, Inc (Class A)		560
	23,952		Schweitzer-Mauduit International, Inc		1,020
	32,453		Scotts Miracle-Gro Co (Class A)		1,989

282

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	148,606		Sealed Air Corp	$	4,885
	38,347		Sensient Technologies Corp		2,163
	67,653		Sherwin-Williams Co		13,336
	91,531		Sigma-Aldrich Corp		8,547
	33,477		Silgan Holdings, Inc		1,658
	76,188		Sonoco Products Co		3,125
	119,844		Southern Copper Corp (NY)		3,489
	165,973		Steel Dynamics, Inc		2,953
	13,671		Stepan Co		883
	98,491	*,e	Stillwater Mining Co		1,459
	56,972	*	SunCoke Energy, Inc		1,301
	64,203	*	Tahoe Resources, Inc		1,358
	10,897	*	Taminco Corp		229
	17,215	*,e	Texas Industries, Inc		1,543
	19,671		Tredegar Corp		453
	4,092	*	UFP Technologies, Inc		100
	1,357		United States Lime & Minerals, Inc		76
	110,404	e	United States Steel Corp		3,048
	4,623	*	Universal Stainless & Alloy		156
	10,188	*	US Concrete, Inc		239
	16,233	e	US Silica Holdings Inc		620
	67,788		Valspar Corp		4,889
	98,368		Vulcan Materials Co		6,537
	47,694	e	Walter Energy, Inc		361
	37,679		Wausau Paper Corp		480
	31,064		Westlake Chemical Corp		2,056
	4,506	*	WHX Corp		99
	40,133		Worthington Industries, Inc		1,535
	57,560	*	WR Grace & Co		5,708
	17,018		Zep, Inc		301
			TOTAL MATERIALS		613,104
MEDIA - 3.7%
	12,963		AH Belo Corp (Class A)		150
	16,000	*	AMC Entertainment Holdings, Inc		388
	45,765	*	AMC Networks, Inc		3,345
	153,456	e	Cablevision Systems Corp (Class A)		2,589
	17,686	*	Carmike Cinemas, Inc		528
	467,179		CBS Corp (Class B)		28,872
	57,360	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		169
	50,363	*	Charter Communications, Inc		6,205
	87,874		Cinemark Holdings, Inc		2,549
	28,047		Clear Channel Outdoor Holdings, Inc (Class A)		256
	1,994,107		Comcast Corp (Class A)		99,745
	27,056	*	Crown Media Holdings, Inc (Class A)		104
	71,115	*	Cumulus Media, Inc (Class A)		491
	772	*,e	Daily Journal Corp		134
	12,681	*,e	Dex Media, Inc		117
	373,166	*	DIRECTV		28,517
	186,385	*	Discovery Communications, Inc (Class A)		15,414
	159,417	*	DISH Network Corp (Class A)		9,917

283

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	57,581	*,e	DreamWorks Animation SKG, Inc (Class A)	$	1,529
	18,269	*	Entercom Communications Corp (Class A)		184
	54,182		Entravision Communications Corp (Class A)		363
	23,436	*	EW Scripps Co (Class A)		415
	173,988		Gannett Co, Inc		4,802
	15,102	*,e	Global Sources Ltd		135
	38,349	*	Gray Television, Inc		398
	33,505		Harte-Hanks, Inc		296
	6,780	*,e	Hemisphere Media Group, Inc		85
	327,851		Interpublic Group of Cos, Inc		5,619
	34,627		John Wiley & Sons, Inc (Class A)		1,996
	42,642	*	Journal Communications, Inc (Class A)		378
	59,903	*	Lamar Advertising Co (Class A)		3,054
	298,688	*	Liberty Global plc		12,160
	298,688	*	Liberty Global plc (Class A)		12,425
	72,449	*	Liberty Media Corp		9,471
	64,240	e	Lions Gate Entertainment Corp		1,717
	108,249	*	Live Nation, Inc		2,354
	9,932		Loral Space & Communications, Inc		703
	46,379	*	Madison Square Garden, Inc		2,633
	29,313	*,e	Martha Stewart Living Omnimedia, Inc (Class A)		133
	45,516	*,e	McClatchy Co (Class A)		292
	208,234		McGraw-Hill Cos, Inc		15,888
	29,277		MDC Partners, Inc		668
	15,588	*,e	Media General, Inc (Class A)		286
	26,535		Meredith Corp		1,232
	15,752		Morningstar, Inc		1,245
	42,789		National CineMedia, Inc		642
	98,100	e	New York Times Co (Class A)		1,680
	377,718	*	News Corp		6,504
	21,441		Nexstar Broadcasting Group, Inc (Class A)		804
	196,563		Omnicom Group, Inc		14,271
	7,422	*,e	ReachLocal, Inc		73
	12,373	*	Reading International, Inc		91
	60,087	e	Regal Entertainment Group (Class A)		1,122
	7,217	*	Rentrak Corp		435
	3,654		Saga Communications, Inc		182
	2,328		Salem Communications		23
	19,984		Scholastic Corp		689
	83,466		Scripps Networks Interactive (Class A)		6,336
	51,060	e	Sinclair Broadcast Group, Inc (Class A)		1,383
	2,344,228	*	Sirius XM Holdings, Inc		7,502
	20,194	*	Sizmek, Inc		215
	81,987	*	Starz-Liberty Capital		2,647
	284,506	e	Thomson Corp		9,730
	221,306		Time Warner Cable, Inc		30,359
	707,411		Time Warner, Inc		46,215
	1,508,773		Twenty-First Century Fox, Inc		48,236
	338,121		Viacom, Inc (Class B)		28,737
	1,368,618		Walt Disney Co		109,585
	21,644	e	World Wrestling Entertainment, Inc (Class A)		625
			TOTAL MEDIA		598,037

284

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%
	1,205,062		AbbVie, Inc	$	61,940
	58,718	*	Acadia Pharmaceuticals, Inc		1,429
	9,332	*,e	Accelerate Diagnostics, Inc		204
	5,500	*	Acceleron Pharma, Inc		190
	15,957	*,e	AcelRx Pharmaceuticals, Inc		192
	103,008	*,e	Achillion Pharmaceuticals, Inc		339
	29,951	*	Acorda Therapeutics, Inc		1,135
	130,472	*	Actavis plc		26,858
	21,882	*	Aegerion Pharmaceuticals, Inc		1,009
	5,900	*	Aerie Pharmaceuticals, Inc		125
	56,476	*,e	Affymetrix, Inc		403
	263,879		Agilent Technologies, Inc		14,756
	5,300	*,e	Agios Pharmaceuticals, Inc		208
	44,535	*,e	Akorn, Inc		980
	17,375	*,e	Albany Molecular Research, Inc		323
	148,847	*	Alexion Pharmaceuticals, Inc		22,644
	27,483	*,e	Alimera Sciences, Inc		217
	102,658	*	Alkermes plc		4,526
	225,560		Allergan, Inc		27,992
	44,275	*	Alnylam Pharmaceuticals, Inc		2,973
	16,995	*	AMAG Pharmaceuticals, Inc		329
	570,723		Amgen, Inc		70,393
	22,849	*,e	Amicus Therapeutics, Inc		47
	21,263	*,e	Ampio Pharmaceuticals, Inc		135
	19,555	*	Anacor Pharmaceuticals, Inc		391
	165,796	*,e	Arena Pharmaceuticals, Inc		1,045
	111,499	*,e	Ariad Pharmaceuticals, Inc		899
	40,003	*	Arqule, Inc		82
	91,342	*	Array Biopharma, Inc		429
	6,200	*	Auspex Pharmaceuticals Inc		191
	36,727	*,e	Auxilium Pharmaceuticals, Inc		998
	111,046	*	AVANIR Pharmaceuticals, Inc		408
	41,227	*	AVEO Pharmaceuticals, Inc		62
	4,100	*	BIND Therapeutics, Inc		49
	28,320	*,e	BioDelivery Sciences International, Inc		239
	180,636	*	Biogen Idec, Inc		55,251
	105,565	*	BioMarin Pharmaceuticals, Inc		7,201
	15,517	*	Bio-Rad Laboratories, Inc (Class A)		1,988
	27,248	*,e	Biotime, Inc		90
	5,300	*,e	Bluebird Bio, Inc		121
	1,242,090		Bristol-Myers Squibb Co		64,527
	83,145	*	Bruker BioSciences Corp		1,895
	26,827	*	Cambrex Corp		506
	4,100	*	Cara Therapeutics Inc		76
	317,405	*	Celgene Corp		44,310
	135,101	*,e	Cell Therapeutics, Inc		459
	4,900	*	Celladon Corp		58
	62,461	*,e	Celldex Therapeutics, Inc		1,104
	7,200	*	Cellular Dynamics International, Inc		108
	11,015	*,e	Cempra, Inc		127

285

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	50,965	*,e	Cepheid, Inc	$	2,629
	37,085	*	Charles River Laboratories International, Inc		2,238
	73,802	*,e	Chelsea Therapeutics International, Inc		407
	18,304	*,e	ChemoCentryx, Inc		121
	6,658	*,e	Chimerix, Inc		152
	12,210	*	Clovis Oncology, Inc		846
	8,200	*	Concert Pharmaceuticals Inc		110
	5,300	*	Contatus Pharmaceuticals, Inc		43
	56,916	*,e	Corcept Therapeutics, Inc		248
	20,437	*,e	Coronado Biosciences, Inc		41
	42,288	*	Covance, Inc		4,394
	49,683	*	Cubist Pharmaceuticals, Inc		3,634
	59,363	*,e	Curis, Inc		167
	30,132	*	Cytokinetics, Inc		286
	47,980	*,e	Cytori Therapeutics, Inc		130
	120,216	*,e	Dendreon Corp		359
	40,825	*	Depomed, Inc		592
	2,700	*	Dicerna Pharmaceuticals Inc		76
	9,738	*,e	Durata Therapeutics, Inc		131
	94,682	*	Dyax Corp		850
	95,378	*,e	Dynavax Technologies Corp		172
	3,500	*	Eleven Biotheraputics Inc		57
	754,233		Eli Lilly & Co		44,394
	19,838	*	Emergent Biosolutions, Inc		501
	2,982	*,e	Enanta Pharmaceuticals, Inc		119
	101,645	*,e	Endo International plc		6,978
	22,769	*,e	Endocyte, Inc		542
	31,349		Enzon Pharmaceuticals, Inc		32
	4,483	*,e	Epizyme, Inc		102
	6,700	*	Esperion Thereapeutics, Inc		101
	57,614	*,e	Exact Sciences Corp		816
	140,174	*,e	Exelixis, Inc		496
	13,135	*,e	Fibrocell Science, Inc		69
	5,200	*	Five Prime Therapeutics, Inc		102
	6,400	*	Flexion Therapeutics Inc		105
	20,851	*	Fluidigm Corp		919
	203,023	*	Forest Laboratories, Inc		18,733
	10,743	*,m	Forest Laboratories, Inc CVR		10
	5,200	*,e	Foundation Medicine, Inc		168
	6,747	*	Furiex Pharmaceuticals Inc		587
	102,537	*,e	Galena Biopharma, Inc		256
	3,000	*	Genocea Biosciences Inc		55
	14,823	*,e	Genomic Health, Inc		390
	114,325	*,e	Geron Corp		238
	1,159,233	*	Gilead Sciences, Inc		82,143
	6,200	*	GlycoMimetics Inc		101
	6,376	*,e	Golf Trust Of America, Inc		34
	68,771	*,e	Halozyme Therapeutics, Inc		873
	4,180	*	Harvard Apparatus Regenerative Technology, Inc		38
	16,723	*	Harvard Bioscience, Inc		79
	8,540		Hi-Tech Pharmacal Co, Inc		370

286

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	45,886	*,e	Horizon Pharma, Inc	$	694
	126,136	*	Hospira, Inc		5,455
	6,640	*,e	Hyperion Therapeutics, Inc		171
	77,709	*,e	Idenix Pharmaceuticals, Inc		469
	94,781	*,e	Illumina, Inc		14,090
	65,469	*,e	Immunogen, Inc		977
	78,549	*,e	Immunomedics, Inc		331
	52,266	*	Impax Laboratories, Inc		1,381
	77,568	*	Incyte Corp		4,151
	36,466	*	Infinity Pharmaceuticals, Inc		434
	27,309	*	Insmed, Inc		520
	5,736	*,e	Insys Therapeutics, Inc		238
	5,456	*	Intercept Pharmaceuticals, Inc		1,799
	74,740	*	InterMune, Inc		2,502
	8,700	*	Intrexon Corp		229
	71,354	*	Ironwood Pharmaceuticals, Inc		879
	85,658	*,e	Isis Pharmaceuticals, Inc		3,701
	39,333	*	Jazz Pharmaceuticals plc		5,455
	2,134,619		Johnson & Johnson		209,684
	5,336	*	KaloBios Pharmaceuticals, Inc		15
	6,000	*	Karyopharm Therapeutics, Inc		185
	68,602	*,e	Keryx Biopharmaceuticals, Inc		1,169
	6,600	*	Kindred Biosciences Inc		122
	10,009	*,e	KYTHERA Biopharmaceuticals, Inc		398
	12,437	*	Lannett Co, Inc		444
	173,586	*,e	Lexicon Pharmaceuticals, Inc		300
	14,627	*,e	Ligand Pharmaceuticals, Inc (Class B)		984
	31,134	*	Luminex Corp		564
	4,800	*	MacroGenics, Inc		134
	44,700	*	Mallinckrodt plc		2,834
	117,013	*,e	MannKind Corp		470
	48,124	*	Medicines Co		1,368
	56,962	*,e	Medivation, Inc		3,667
	7,487	*,e	MEI Pharma, Inc		83
	2,294,719		Merck & Co, Inc		130,271
	73,750	*,e	Merrimack Pharmaceuticals, Inc		372
	22,964	*	Mettler-Toledo International, Inc		5,412
	62,685	*,e	MiMedx Group, Inc		384
	34,069	*	Momenta Pharmaceuticals, Inc		397
	290,035	*	Mylan Laboratories, Inc		14,162
	56,889	*,e	Myriad Genetics, Inc		1,945
	31,951	*	Nanosphere, Inc		69
	97,156	*,e	Navidea Biopharmceuticals, Inc		180
	87,448	*	Nektar Therapeutics		1,060
	23,721	*,e	NeoGenomics, Inc		82
	51,178	*	Neurocrine Biosciences, Inc		824
	12,598	*,e	NewLink Genetics Corp		358
	160,650	*,e	Novavax, Inc		728
	75,335	*	NPS Pharmaceuticals, Inc		2,255
	26,874	*,e	Omeros Corp		324
	4,045	*,m	Omthera Pharmaceuticals, Inc		2
	11,325	*	OncoGenex Pharmaceutical, Inc		133

287

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	6,600	*,e	Onconova Therapeutics, Inc	$	42
	7,900	*,e	Ophthotech Corp		282
	143,885	*,e	Opko Health, Inc		1,341
	77,270	*,e	Orexigen Therapeutics, Inc		502
	12,630	*,e	Osiris Therapeutics, Inc		166
	6,597	*,e	OvaScience, Inc		59
	50,411	*	Pacific Biosciences of California, Inc		270
	21,106	*	Pacira Pharmaceuticals, Inc		1,477
	43,666	*	Parexel International Corp		2,362
	106,509	e	PDL BioPharma, Inc		885
	104,909	*,e	Peregrine Pharmaceuticals, Inc		199
	85,256		PerkinElmer, Inc		3,842
	95,563		Perrigo Co plc		14,780
	5,082,443		Pfizer, Inc		163,248
	45,141	*	Pharmacyclics, Inc		4,524
	7,585	*	Portola Pharmaceuticals, Inc		196
	15,548		Pozen, Inc		124
	38,233	*	Prestige Brands Holdings, Inc		1,042
	40,290	*	Progenics Pharmaceuticals, Inc		165
	12,791	*,e	Prothena Corp plc		490
	8,700	*	PTC Therapeutics, Inc		227
	17,769	*	Puma Biotechnology, Inc		1,851
	178,940	*	Qiagen NV (NASDAQ)		3,774
	39,852		Questcor Pharmaceuticals, Inc		2,588
	20,597	*	Quintiles Transnational Holdings, Inc		1,046
	48,221	*,e	Raptor Pharmaceutical Corp		482
	4,242	*	Receptos, Inc		178
	61,171	*	Regeneron Pharmaceuticals, Inc		18,368
	7,041	*,e	Regulus Therapeutics, Inc		64
	4,700	*	Relypsa, Inc		140
	23,464	*	Repligen Corp		302
	16,297	*,e	Repros Therapeutics, Inc		289
	14,500	*	Retrophin, Inc		308
	5,300	*	Revance Therapeutics, Inc		167
	66,996	*	Rigel Pharmaceuticals, Inc		260
	12,401	*	Sagent Pharmaceuticals		290
	46,827	*	Salix Pharmaceuticals Ltd		4,852
	43,846	*,e	Sangamo Biosciences, Inc		793
	31,888	*,e	Sarepta Therapeutics, Inc		766
	43,039	*	Sciclone Pharmaceuticals, Inc		196
	76,360	*,e	Seattle Genetics, Inc		3,479
	87,069	*,e	Sequenom, Inc		213
	26,901	*,e	SIGA Technologies, Inc		83
	47,540	e	Spectrum Pharmaceuticals, Inc		373
	12,168	*,e	Stemline Therapeutics, Inc		248
	6,322	*	Sucampo Pharmaceuticals, Inc (Class A)		45
	37,533	*,e	Sunesis Pharmaceuticals, Inc		248
	10,484	*,e	Supernus Pharmaceuticals, Inc		94
	14,988	*	Synageva BioPharma Corp		1,244
	61,665	*,e	Synergy Pharmaceuticals, Inc		327
	52,113	*,e	Synta Pharmaceuticals Corp		225
	21,017	*	Targacept, Inc		100

288

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	28,521		Techne Corp	$	2,435
	10,002	*	TESARO, Inc		295
	16,300	*	TetraLogic Pharmaceuticals Corp		104
	8,515	*	Tetraphase Pharmaceuticals, Inc		93
	26,136	*,e	TG Therapeutics, Inc		180
	78,332	*,e	TherapeuticsMD, Inc		494
	59,890	*,e	Theravance, Inc		1,853
	294,814		Thermo Electron Corp		35,448
	34,985	*,e	Threshold Pharmaceuticals, Inc		167
	6,400	*	Trevena, Inc		50
	5,100	*	Ultragenyx Pharmaceutical, Inc		249
	35,349	*	United Therapeutics Corp		3,324
	31,829	*	Vanda Pharmaceuticals, Inc		517
	10,567	*,e	Verastem, Inc		114
	178,617	*	Vertex Pharmaceuticals, Inc		12,632
	65,503	*,e	Vical, Inc		85
	74,791	*,e	Vivus, Inc		444
	65,126	*	Waters Corp		7,060
	11,200	*	Xencor Inc		131
	33,276	*	Xenoport, Inc		172
	64,947	*	XOMA Corp		338
	78,272	*,e	ZIOPHARM Oncology, Inc		359
	382,191		Zoetis Inc		11,061
	74,879	*,e	Zogenix, Inc		213
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,341,284
REAL ESTATE - 3.5%
	41,676		Acadia Realty Trust		1,099
	18,082		AG Mortgage Investment Trust		317
	10,360		Agree Realty Corp		315
	32,853		Alexander & Baldwin, Inc		1,398
	1,574		Alexander’s, Inc		568
	54,028		Alexandria Real Estate Equities, Inc		3,920
	42,959		Altisource Residential Corp		1,356
	25,582		American Assets Trust, Inc		863
	79,779		American Campus Communities, Inc		2,980
	267,932		American Capital Agency Corp		5,758
	44,879		American Capital Mortgage, Inc		842
	38,600		American Homes 4 Rent		645
	360,652		American Realty Capital Properties, Inc		5,056
	10,250	*,e	American Residential Properties, Inc		184
	302,005		American Tower Corp		24,725
	11,988		AmREIT, Inc (Class B)		199
	719,885		Annaly Capital Management, Inc		7,897
	104,198		Anworth Mortgage Asset Corp		517
	110,902		Apartment Investment & Management Co (Class A)		3,351
	29,005	e	Apollo Commercial Real Estate Finance, Inc		482
	16,344		Ares Commercial Real Estate Corp		219
	14,151		Armada Hoffler Properties, Inc		142
	309,135	*	ARMOUR Residential REIT, Inc		1,274
	8,644		Ashford Hospitality Prime, Inc		131
	43,224		Ashford Hospitality Trust, Inc		487

289

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	38,683		Associated Estates Realty Corp	$	655
	7,072	*	AV Homes, Inc		128
	98,505		AvalonBay Communities, Inc		12,936
	8,814		Aviv REIT, Inc		216
	142,585		BioMed Realty Trust, Inc		2,922
	115,541		Boston Properties, Inc		13,233
	118,676		Brandywine Realty Trust		1,716
	58,646		BRE Properties, Inc (Class A)		3,682
	36,900	e	Brixmor Property Group, Inc		787
	64,335		Camden Property Trust		4,332
	49,200		Campus Crest Communities, Inc		427
	72,089	e	Capstead Mortgage Corp		913
	9,200	*	CatchMark Timber Trust Inc		129
	124,137		CBL & Associates Properties, Inc		2,203
	212,369	*	CBRE Group, Inc		5,825
	54,349		Cedar Shopping Centers, Inc		332
	189,048	e	Chambers Street Properties		1,469
	15,294		Chatham Lodging Trust		309
	37,072		Chesapeake Lodging Trust		954
	782,428		Chimera Investment Corp		2,394
	58,259		Colony Financial, Inc		1,279
	4,977		Consolidated-Tomoka Land Co		201
	15,000		Coresite Realty		465
	65,862		Corporate Office Properties Trust		1,755
	127,954		Cousins Properties, Inc		1,468
	254,432		Crown Castle International Corp		18,772
	102,580		CubeSmart		1,760
	14,500		CyrusOne, Inc		302
	135,056		CYS Investments, Inc		1,116
	221,413		DCT Industrial Trust, Inc		1,745
	225,998		DDR Corp		3,724
	148,119		DiamondRock Hospitality Co		1,740
	98,095	e	Digital Realty Trust, Inc		5,207
	108,380		Douglas Emmett, Inc		2,941
	244,327		Duke Realty Corp		4,124
	47,457	e	DuPont Fabros Technology, Inc		1,142
	41,887		Dynex Capital, Inc		375
	23,492		EastGroup Properties, Inc		1,478
	86,427		Education Realty Trust, Inc		853
	4,681		Ellington Residential Mortgage REIT		79
	63,300		Empire State Realty Trust, Inc		956
	39,304		Entertainment Properties Trust		2,098
	62,982		Equity Lifestyle Properties, Inc		2,560
	45,769		Equity One, Inc		1,023
	273,764		Equity Residential		15,876
	29,675	e	Essex Property Trust, Inc		5,046
	35,324		Excel Trust, Inc		448
	83,827		Extra Space Storage, Inc		4,066
	49,343		Federal Realty Investment Trust		5,661
	96,717	*	FelCor Lodging Trust, Inc		874
	82,257		First Industrial Realty Trust, Inc		1,589
	47,359		First Potomac Realty Trust		612

290

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	120,106	*	Forest City Enterprises, Inc (Class A)	$	2,294
	29,389	*	Forestar Real Estate Group, Inc		523
	67,229		Franklin Street Properties Corp		847
	73,309		Gaming and Leisure Properties, Inc		2,673
	424,625		General Growth Properties, Inc		9,342
	18,098		Getty Realty Corp		342
	9,649		Gladstone Commercial Corp		167
	109,785		Glimcher Realty Trust		1,101
	40,458	e	Government Properties Income Trust		1,020
	57,383	e	Gramercy Property Trust, Inc		296
	10,641		Hannon Armstrong Sustainable Infrastructure Capital, Inc		153
	78,328		Hatteras Financial Corp		1,477
	346,529		HCP, Inc		13,442
	218,464		Health Care REIT, Inc		13,020
	72,939		Healthcare Realty Trust, Inc		1,762
	84,407		Healthcare Trust of America, Inc		961
	153,508		Hersha Hospitality Trust		895
	68,398		Highwoods Properties, Inc		2,627
	43,293		Home Properties, Inc		2,603
	107,078		Hospitality Properties Trust		3,075
	567,427		Host Marriott Corp		11,485
	30,234	*	Howard Hughes Corp		4,315
	90,303		HRPT Properties Trust		2,375
	32,763		Hudson Pacific Properties		756
	64,150		Inland Real Estate Corp		677
	108,200		Invesco Mortgage Capital, Inc		1,782
	74,579		Investors Real Estate Trust		670
	64,505	*	iStar Financial, Inc		952
	16,600	*,e	JAVELIN Mortgage Investment Corp		223
	33,460		Jones Lang LaSalle, Inc		3,965
	44,089	e	Kennedy-Wilson Holdings, Inc		992
	62,016		Kilroy Realty Corp		3,633
	312,567		Kimco Realty Corp		6,839
	99,574		Kite Realty Group Trust		597
	79,268		LaSalle Hotel Properties		2,482
	138,161	e	Lexington Corporate Properties Trust		1,507
	98,224		Liberty Property Trust		3,630
	27,155		LTC Properties, Inc		1,022
	104,635		Macerich Co		6,522
	67,066		Mack-Cali Realty Corp		1,394
	123,287		Medical Properties Trust, Inc		1,577
	286,855		MFA Mortgage Investments, Inc		2,223
	56,685		Mid-America Apartment Communities, Inc		3,870
	31,123		Monmouth Real Estate Investment Corp (Class A)		297
	20,485		National Health Investors, Inc		1,239
	91,204	e	National Retail Properties, Inc		3,130
	192,893		New Residential Investment Corp		1,248
	48,692	e	New York Mortgage Trust, Inc		379
	248,483		NorthStar Realty Finance Corp		4,011
	93,151	e	Omega Healthcare Investors, Inc		3,122
	9,027		One Liberty Properties, Inc		192
	39,886		Parkway Properties, Inc		728

291

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	46,471		Pebblebrook Hotel Trust	$	1,569
	52,388		Pennsylvania Real Estate Investment Trust		946
	57,080		Pennymac Mortgage Investment Trust		1,364
	15,300		Physicians Realty Trust		213
	130,905		Piedmont Office Realty Trust, Inc		2,245
	135,833		Plum Creek Timber Co, Inc		5,710
	41,348		Post Properties, Inc		2,030
	30,874		Potlatch Corp		1,195
	382,324		Prologis, Inc		15,610
	14,049		PS Business Parks, Inc		1,175
	108,820		Public Storage, Inc		18,335
	6,700	e	QTS Realty Trust, Inc		168
	52,552		RAIT Investment Trust		446
	49,178		Ramco-Gershenson Properties		802
	95,872		Rayonier, Inc		4,402
	9,000	*	Re/Max Holdings, Inc		259
	91,446	*	Realogy Holdings Corp		3,973
	149,848	e	Realty Income Corp		6,123
	59,894	e	Redwood Trust, Inc		1,215
	69,743		Regency Centers Corp		3,561
	85,615		Resource Capital Corp		477
	50,793		Retail Opportunities Investment Corp		759
	101,421		Retail Properties of America, Inc		1,373
	12,700		Rexford Industrial Realty, Inc		180
	93,949		RLJ Lodging Trust		2,512
	16,171	e	Rouse Properties, Inc		279
	32,495	e	Ryman Hospitality Properties		1,382
	28,029		Sabra Healthcare REIT, Inc		782
	6,582		Saul Centers, Inc		312
	13,046		Select Income REIT		395
	143,050		Senior Housing Properties Trust		3,214
	13,436		Silver Bay Realty Trust Corp		209
	235,953		Simon Property Group, Inc		38,696
	69,574		SL Green Realty Corp		7,001
	23,922		Sovran Self Storage, Inc		1,757
	282,732		Spirit Realty Capital, Inc		3,104
	49,920	*,e	St. Joe Co		961
	33,698		STAG Industrial, Inc		812
	148,626		Starwood Property Trust, Inc		3,506
	29,725	*	Starwood Waypoint Residential Trust		856
	137,597	*	Strategic Hotels & Resorts, Inc		1,402
	60,860		Summit Hotel Properties, Inc		565
	28,548		Sun Communities, Inc		1,287
	123,458		Sunstone Hotel Investors, Inc		1,695
	71,971		Tanger Factory Outlet Centers, Inc		2,519
	48,485		Taubman Centers, Inc		3,432
	11,747	*	Tejon Ranch Co		397
	15,912		Terreno Realty Corp		301
	281,289		Two Harbors Investment Corp		2,883
	190,771		UDR, Inc		4,928
	11,783		UMH Properties, Inc		115
	10,285		Universal Health Realty Income Trust		434

292

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	19,529		Urstadt Biddle Properties, Inc (Class A)	$	403
	222,896		Ventas, Inc		13,501
	142,193		Vornado Realty Trust		14,015
	50,804		Washington Real Estate Investment Trust		1,213
	92,487		Weingarten Realty Investors		2,775
	20,538	e	Western Asset Mortgage Capital Corp		321
	443,235		Weyerhaeuser Co		13,009
	14,061		Whitestone REIT		203
	24,416		Winthrop Realty Trust		283
	43,708	e	WP Carey, Inc		2,626
	4,300		ZAIS Financial Corp		72
			TOTAL REAL ESTATE		556,363
RETAILING - 4.3%
	14,742	*	1-800-FLOWERS.COM, Inc (Class A)		83
	56,578		Aaron’s, Inc		1,711
	59,479	e	Abercrombie & Fitch Co (Class A)		2,290
	55,059		Advance Auto Parts, Inc		6,965
	61,843	*,e	Aeropostale, Inc		311
	279,400	*	Amazon.com, Inc		94,024
	146,718		American Eagle Outfitters, Inc		1,796
	6,968	*	America’s Car-Mart, Inc		256
	35,675	*	Ann Taylor Stores Corp		1,480
	23,729	*	Asbury Automotive Group, Inc		1,313
	97,226	*	Ascena Retail Group, Inc		1,680
	11,570	*	Audiovox Corp (Class A)		158
	38,634	*	Autonation, Inc		2,057
	25,157	*	AutoZone, Inc		13,512
	30,948	*	Barnes & Noble, Inc		647
	23,033		Bebe Stores, Inc		141
	165,130	*	Bed Bath & Beyond, Inc		11,361
	207,694		Best Buy Co, Inc		5,485
	14,390		Big 5 Sporting Goods Corp		231
	45,422	*	Big Lots, Inc		1,720
	10,661	*	Blue Nile, Inc		371
	13,103	*,e	Body Central Corp		14
	9,116	e	Bon-Ton Stores, Inc		100
	32,106		Brown Shoe Co, Inc		852
	21,122	e	Buckle, Inc		967
	11,900	*	Burlington Stores, Inc		351
	36,046	*,e	Cabela’s, Inc		2,361
	171,517	*	Carmax, Inc		8,027
	21,208		Cato Corp (Class A)		574
	123,275		Chico’s FAS, Inc		1,976
	17,477		Children’s Place Retail Stores, Inc		871
	33,880	*	Christopher & Banks Corp		224
	12,866	*	Citi Trends, Inc		210
	16,992	*,e	Conn’s, Inc		660
	11,400	*,e	Container Store Group, Inc		387
	9,734		Core-Mark Holding Co, Inc		707
	46,869		CST Brands, Inc		1,464
	10,433		Destination Maternity Corp		286

293

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	32,976	*	Destination XL Group, Inc	$	186
	75,404		Dick’s Sporting Goods, Inc		4,118
	20,459		Dillard’s, Inc (Class A)		1,890
	248,778	*	Dollar General Corp		13,802
	156,637	*	Dollar Tree, Inc		8,173
	54,370		DSW, Inc (Class A)		1,950
	81,053		Expedia, Inc		5,876
	64,933	*	Express Parent LLC		1,031
	73,294		Family Dollar Stores, Inc		4,252
	37,259		Finish Line, Inc (Class A)		1,009
	24,942	*,e	Five Below, Inc		1,060
	114,126		Foot Locker, Inc		5,362
	34,442	*,e	Francesca’s Holdings Corp		625
	29,664		Fred’s, Inc (Class A)		534
	13,967	*	FTD Cos, Inc		444
	91,076	e	GameStop Corp (Class A)		3,743
	212,511		Gap, Inc		8,513
	18,687	*	Genesco, Inc		1,394
	116,677		Genuine Parts Co		10,133
	74,796		GNC Holdings, Inc		3,293
	7,143		Gordmans Stores, Inc		39
	17,052		Group 1 Automotive, Inc		1,120
	319,043	*,e	Groupon, Inc		2,501
	44,451		Guess?, Inc		1,227
	16,062		Haverty Furniture Cos, Inc		477
	12,065	*,e	HHgregg, Inc		116
	20,590	*,e	Hibbett Sports, Inc		1,089
	1,110,153		Home Depot, Inc		87,846
	42,828	*	HomeAway, Inc		1,613
	25,591		HSN, Inc		1,529
	180,271	*,e	JC Penney Co, Inc		1,554
	21,133	*	JOS A Bank Clothiers, Inc		1,359
	8,801	*	Kirkland’s, Inc		163
	156,273		Kohl’s Corp		8,876
	182,518		L Brands, Inc		10,362
	402,890	*	Liberty Interactive Corp		11,631
	27,951	*	Liberty Ventures		3,643
	16,930		Lithia Motors, Inc (Class A)		1,125
	229,339	*	LKQ Corp		6,043
	778,086		Lowe’s Companies, Inc		38,048
	21,092	*	Lumber Liquidators, Inc		1,978
	290,254		Macy’s, Inc		17,209
	16,477	*	MarineMax, Inc		250
	10,302	*,e	Mattress Firm Holding Corp		493
	36,113		Men’s Wearhouse, Inc		1,769
	24,581	e	Monro Muffler, Inc		1,398
	36,272	*	Murphy USA, Inc		1,472
	38,259	*	NetFlix, Inc		13,468
	13,306	*	New York & Co, Inc		58
	110,148		Nordstrom, Inc		6,879
	20,499		Nutri/System, Inc		309
	372,250	*	Office Depot, Inc		1,537

294

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	17,611	*	Orbitz Worldwide, Inc	$	138
	83,639	*	O’Reilly Automotive, Inc		12,411
	20,424	*,e	Outerwall, Inc		1,481
	8,893	*,e	Overstock.com, Inc		175
	35,100	*	Pacific Sunwear Of California, Inc		104
	31,428		Penske Auto Group, Inc		1,344
	40,957	*	PEP Boys - Manny Moe & Jack		521
	15,450	e	PetMed Express, Inc		207
	77,507	e	Petsmart, Inc		5,340
	72,685		Pier 1 Imports, Inc		1,372
	39,203	*	Priceline.com, Inc		46,726
	78,808	*,e	RadioShack Corp		167
	40,660		Rent-A-Center, Inc		1,082
	13,438	*	Restoration Hardware Holdings, Inc		989
	7,100	*	RetailMeNot, Inc		227
	167,440		Ross Stores, Inc		11,980
	128,898	*	Sally Beauty Holdings, Inc		3,532
	32,813	*,e	Sears Holdings Corp		1,567
	6,100	*	Sears Hometown and Outlet Stores, Inc		144
	42,473	*	Select Comfort Corp		768
	10,447		Shoe Carnival, Inc		241
	29,418	*,e	Shutterfly, Inc		1,256
	60,439		Signet Jewelers Ltd		6,398
	29,758		Sonic Automotive, Inc (Class A)		669
	25,073		Stage Stores, Inc		613
	504,161	e	Staples, Inc		5,717
	17,973		Stein Mart, Inc		252
	9,938		Systemax, Inc		148
	487,425		Target Corp		29,494
	85,272		Tiffany & Co		7,346
	13,840	*,e	Tile Shop Holdings, Inc		214
	6,790	*	Tilly’s, Inc		79
	547,436		TJX Companies, Inc		33,202
	106,368		Tractor Supply Co		7,513
	8,233		Trans World Entertainment Corp		30
	85,276	*	TripAdvisor, Inc		7,725
	32,864	*	Tuesday Morning Corp		465
	48,392	*	Ulta Salon Cosmetics & Fragrance, Inc		4,717
	81,376	*	Urban Outfitters, Inc		2,968
	29,701	*	Valuevision International, Inc (Class A)		144
	16,534	*	Vitacost.com, Inc		117
	22,533	*	Vitamin Shoppe, Inc		1,071
	11,292	*	West Marine, Inc		128
	73,584	*,e	Wet Seal, Inc (Class A)		97
	29,100	*	WEX, Inc		2,766
	74,374		Williams-Sonoma, Inc		4,956
	1,945		Winmark Corp		147
	28,882	*	Zale Corp		604
	10,200	*	zulily, Inc		512
	15,828	*	Zumiez, Inc		384
			TOTAL RETAILING		682,440

295

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%
	29,482	*	Advanced Energy Industries, Inc	$	722
	474,503	*,e	Advanced Micro Devices, Inc		1,903
	11,245	*	Alpha & Omega Semiconductor Ltd		83
	243,206		Altera Corp		8,814
	13,851	*,e	Ambarella, Inc		370
	57,503	*,e	Amkor Technology, Inc		394
	47,982	*	Anadigics, Inc		82
	233,106		Analog Devices, Inc		12,387
	914,892		Applied Materials, Inc		18,682
	51,846	*	Applied Micro Circuits Corp		513
	330,760	*	Atmel Corp		2,765
	24,963	*	ATMI, Inc		849
	188,674		Avago Technologies Ltd		12,152
	83,398	*	Axcelis Technologies, Inc		179
	435,213		Broadcom Corp (Class A)		13,701
	52,087		Brooks Automation, Inc		569
	17,924	*	Cabot Microelectronics Corp		789
	38,988	*	Cavium Networks, Inc		1,705
	18,075	*	Ceva, Inc		317
	47,684	*,e	Cirrus Logic, Inc		947
	18,761		Cohu, Inc		201
	90,120	*	Cree, Inc		5,097
	118,022	e	Cypress Semiconductor Corp		1,212
	28,713	*	Diodes, Inc		750
	21,955	*	DSP Group, Inc		190
	105,554	*	Entegris, Inc		1,278
	68,235	*	Entropic Communications, Inc		279
	28,026	*	Exar Corp		335
	95,996	*	Fairchild Semiconductor International, Inc		1,324
	51,608	*	First Solar, Inc		3,602
	40,961	*	Formfactor, Inc		262
	42,880	*,e	Freescale Semiconductor Holdings Ltd		1,047
	13,134	*	GSI Technology, Inc		91
	94,807	*,e	GT Solar International, Inc		1,616
	23,480		Hittite Microwave Corp		1,480
	20,085	*	Inphi Corp		323
	100,476	*	Integrated Device Technology, Inc		1,229
	19,660	*	Integrated Silicon Solution, Inc		306
	3,777,605		Intel Corp		97,500
	10,099	*,e	Intermolecular, Inc		28
	52,511	*	International Rectifier Corp		1,439
	94,162		Intersil Corp (Class A)		1,217
	16,725		IXYS Corp		190
	124,616		Kla-Tencor Corp		8,616
	50,517	*	Kopin Corp		191
	123,857	*	Lam Research Corp		6,812
	90,159	*	Lattice Semiconductor Corp		707
	178,347		Linear Technology Corp		8,684
	418,323		LSI Logic Corp		4,631
	37,527	*	LTX-Credence Corp		334
	7,685	*	MA-COM Technology Solutions		158

296

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	299,774		Marvell Technology Group Ltd	$	4,721
	221,478		Maxim Integrated Products, Inc		7,335
	17,709	*	MaxLinear, Inc		168
	40,439		Micrel, Inc		448
	150,135	e	Microchip Technology, Inc		7,170
	784,826	*	Micron Technology, Inc		18,569
	70,791	*	Microsemi Corp		1,772
	40,466		MKS Instruments, Inc		1,210
	28,065		Monolithic Power Systems, Inc		1,088
	36,904	*,e	MoSys, Inc		168
	18,167	*	Nanometrics, Inc		326
	14,586	*	NeoPhotonics Corp Ltd		116
	3,184	*	NVE Corp		182
	439,769		Nvidia Corp		7,876
	40,842	*	Omnivision Technologies, Inc		723
	346,536	*	ON Semiconductor Corp		3,257
	18,837	*	PDF Solutions, Inc		342
	20,104	*,e	Peregrine Semiconductor Corp		122
	19,298	*	Pericom Semiconductor Corp		151
	46,544	*	Photronics, Inc		397
	34,118	*	PLX Technology, Inc		206
	157,538	*	PMC - Sierra, Inc		1,199
	22,028		Power Integrations, Inc		1,449
	84,186	*	Rambus, Inc		905
	209,504	*	RF Micro Devices, Inc		1,651
	11,027	*,e	Rubicon Technology, Inc		124
	25,190	*	Rudolph Technologies, Inc		287
	51,093	*	Semtech Corp		1,295
	27,850	*	Sigma Designs, Inc		133
	56,384	*	Silicon Image, Inc		389
	32,688	*	Silicon Laboratories, Inc		1,708
	145,483	*	Skyworks Solutions, Inc		5,459
	38,295	*	Spansion, Inc		667
	203,017	*	SunEdison, Inc		3,825
	31,758	*,e	SunPower Corp		1,025
	8,595		Supertex, Inc		283
	145,162	*,e	Teradyne, Inc		2,887
	40,116		Tessera Technologies, Inc		948
	842,033		Texas Instruments, Inc		39,702
	121,131	*	Triquint Semiconductor, Inc		1,622
	17,159	*	Ultra Clean Holdings		226
	21,651	*	Ultratech, Inc		632
	29,696	*	Veeco Instruments, Inc		1,245
	200,711		Xilinx, Inc		10,893
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		363,953
SOFTWARE & SERVICES - 10.1%
	41,790	*	Accelrys, Inc		521
	487,812		Accenture plc		38,888
	30,248	*	ACI Worldwide, Inc		1,790
	205,416		Activision Blizzard, Inc		4,199
	40,528	*	Actuate Corp		244

297

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	57,158	*	Acxiom Corp	$	1,966
	383,917	*	Adobe Systems, Inc		25,239
	24,736		Advent Software, Inc		726
	136,325	*	Akamai Technologies, Inc		7,935
	37,470	*	Alliance Data Systems Corp		10,209
	122,656		Amdocs Ltd		5,699
	15,720		American Software, Inc (Class A)		160
	32,146	*,e	Angie’s List, Inc		392
	71,299	*	Ansys, Inc		5,491
	61,041		AOL, Inc		2,672
	71,278	*	Aspen Technology, Inc		3,019
	171,241	*	Autodesk, Inc		8,422
	368,135		Automatic Data Processing, Inc		28,442
	17,759	*	AVG Technologies NV		372
	35,339	*	Bankrate, Inc		599
	36,867	*	Bazaarvoice, Inc		269
	35,258		Blackbaud, Inc		1,104
	8,569	*,e	Blackhawk Network Holdings, Inc		209
	30,473	*	Blucora, Inc		600
	21,420		Booz Allen Hamilton Holding Co		471
	27,849	*,e	Bottomline Technologies, Inc		979
	20,694	*	Brightcove, Inc		203
	92,422		Broadridge Financial Solutions, Inc		3,433
	20,308	*	BroadSoft, Inc		543
	249,812		CA, Inc		7,737
	17,259	*	CACI International, Inc (Class A)		1,274
	215,503	*	Cadence Design Systems, Inc		3,349
	28,904	*	Callidus Software, Inc		362
	8,488	*	Carbonite, Inc		87
	33,955	*	Cardtronics, Inc		1,319
	5,000	*	Care.com, Inc		83
	7,744		Cass Information Systems, Inc		399
	4,497	*	ChannelAdvisor Corp		170
	30,200	*,e	Chegg, Inc		211
	52,926	*	Ciber, Inc		242
	142,633	*	Citrix Systems, Inc		8,191
	458,262	*	Cognizant Technology Solutions Corp (Class A)		23,193
	35,374	*,e	Commvault Systems, Inc		2,298
	114,157		Computer Sciences Corp		6,943
	11,045		Computer Task Group, Inc		188
	163,806		Compuware Corp		1,720
	27,099	*	comScore, Inc		889
	16,654	*	Comverse, Inc		576
	35,478	*,e	Concur Technologies, Inc		3,515
	21,930	*	Constant Contact, Inc		536
	83,991		Convergys Corp		1,840
	50,676	*,e	Conversant, Inc		1,427
	30,729	*	Cornerstone OnDemand, Inc		1,471
	21,672	*	CoStar Group, Inc		4,047
	27,701		CSG Systems International, Inc		721
	4,900	*	Cvent, Inc		177
	5,494	*,e	Cyan, Inc		23

298

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	11,133	*	Datalink Corp	$	155
	32,566	*	DealerTrack Holdings, Inc		1,602
	22,760	*,e	Demand Media, Inc		110
	12,187	*	Demandware, Inc		781
	37,330	*	Dice Holdings, Inc		279
	27,690	*	Digital River, Inc		483
	5,437		DMRC Corp		171
	26,145		DST Systems, Inc		2,478
	11,019	*,e	E2open, Inc		260
	82,942		EarthLink Holdings Corp		299
	987,509	*	eBay, Inc		54,550
	9,461	*	eGain Corp		67
	230,160	*	Electronic Arts, Inc		6,677
	20,207	*,e	Ellie Mae, Inc		583
	16,600	*	Endurance International Group Holdings, Inc		216
	17,443	*	Envestnet, Inc		701
	16,518	*	EPAM Systems, Inc		543
	25,591		EPIQ Systems, Inc		349
	2,603		ePlus, Inc		145
	37,504	*	Equinix, Inc		6,932
	37,881	*	Euronet Worldwide, Inc		1,575
	22,470		EVERTEC, Inc		555
	24,918	*	ExlService Holdings, Inc		770
	1,294,518	*	Facebook, Inc		77,982
	33,465	e	Factset Research Systems, Inc		3,608
	26,950		Fair Isaac Corp		1,491
	223,290		Fidelity National Information Services, Inc		11,935
	13,500	*,e	FireEye, Inc		831
	71,017	*	First American Corp		2,133
	201,538	*	Fiserv, Inc		11,425
	51,651	*	FleetCor Technologies, Inc		5,945
	12,472	*	FleetMatics Group plc		417
	11,266		Forrester Research, Inc		404
	103,474	*	Fortinet, Inc		2,280
	71,116	*	Gartner, Inc		4,938
	128,036		Genpact Ltd		2,230
	19,206	*,m	Gerber Scientific, Inc		0	^
	5,900	*	Gigamon, Inc		179
	51,313	*	Global Cash Access, Inc		352
	16,316	*	Global Eagle Entertainment, Inc		257
	54,688		Global Payments, Inc		3,889
	49,882	*,e	Glu Mobile, Inc		236
	8,400	*,e	Gogo, Inc		173
	204,996	*	Google, Inc (Class A)		228,470
	9,927	*,e	Guidance Software, Inc		110
	37,189	*	Guidewire Software, Inc		1,824
	28,793		Hackett Group, Inc		172
	28,656	e	Heartland Payment Systems, Inc		1,188
	23,633	*	Higher One Holdings, Inc		171
	57,133		IAC/InterActiveCorp		4,079
	27,237	*	iGate Corp		859
	15,425	*	Imperva, Inc		859

299

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	37,980	*	Infoblox, Inc	$	762
	82,708	*	Informatica Corp		3,125
	11,680	*	Interactive Intelligence, Inc		847
	40,309	*	Internap Network Services Corp		285
	744,153		International Business Machines Corp		143,242
	226,669		Intuit, Inc		17,619
	34,679	e	j2 Global, Inc		1,736
	66,373		Jack Henry & Associates, Inc		3,701
	30,270	*,e	Jive Software, Inc		242
	19,259	*	Knot, Inc		195
	55,531	e	Leidos Holdings, Inc		1,964
	50,961	*	Limelight Networks, Inc		111
	73,740	*	LinkedIn Corp		13,637
	44,720	*	Lionbridge Technologies		300
	19,090	*,e	Liquidity Services, Inc		497
	40,701	*	Liveperson, Inc		491
	18,232	*	LogMeIn, Inc		818
	3,600	*	Luxoft Holding, Inc		126
	13,813	*	magicJack VocalTec Ltd		293
	62,176	*	Manhattan Associates, Inc		2,178
	18,418		Mantech International Corp (Class A)		542
	16,386		Marchex, Inc (Class B)		172
	6,598	*,e	Marin Software, Inc		70
	5,558	*	Marketo, Inc		182
	888,050		Mastercard, Inc (Class A)		66,337
	51,764		MAXIMUS, Inc		2,322
	73,403		Mentor Graphics Corp		1,616
	60,589	*	Micros Systems, Inc		3,207
	6,346,272		Microsoft Corp		260,134
	6,844	*	MicroStrategy, Inc (Class A)		790
	26,713	*,e	Millennial Media, Inc		185
	16,991	*,e	Mitek Systems, Inc		66
	6,089	*	Model N, Inc		62
	33,165	*	ModusLink Global Solutions, Inc		140
	16,742	*	MoneyGram International, Inc		296
	29,292		Monotype Imaging Holdings, Inc		883
	87,580	*	Monster Worldwide, Inc		655
	29,335	*	Move, Inc		339
	28,739	*	Netscout Systems, Inc		1,080
	26,566	*	NetSuite, Inc		2,519
	50,511	*,e	NeuStar, Inc (Class A)		1,642
	48,579		NIC, Inc		938
	199,552	*,e	Nuance Communications, Inc		3,426
	17,950	*,e	OpenTable, Inc		1,381
	2,556,734		Oracle Corp		104,596
	107,932	*	Pandora Media, Inc		3,273
	247,264		Paychex, Inc		10,533
	12,459		Pegasystems, Inc		440
	25,493	*	Perficient, Inc		462
	33,429	*	Planet Payment, Inc		92
	22,039	*	PRG-Schultz International, Inc		153
	44,011	*	Progress Software Corp		959

300

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	16,358	*	Proofpoint, Inc	$	607
	17,256	*	PROS Holdings, Inc		544
	90,859	*	PTC, Inc		3,219
	3,320		QAD, Inc (Class A)		68
	65,926	*	QLIK Technologies, Inc		1,753
	11,626	*	Qualys, Inc		296
	20,643	*	QuinStreet, Inc		137
	85,846	*	Rackspace Hosting, Inc		2,817
	5,396	*	Rally Software Development Corp		72
	18,038	*	RealNetworks, Inc		137
	35,118	*,e	RealPage, Inc		638
	145,587	*	Red Hat, Inc		7,713
	6,528	*	Reis, Inc		118
	4,900	*,e	Rocket Fuel, Inc		210
	8,173	*	Rosetta Stone, Inc		92
	78,388	*	Rovi Corp		1,786
	448,308	*	Salesforce.com, Inc		25,594
	13,536		Sapiens International Corp NV		110
	85,802	*	Sapient Corp		1,464
	31,732		Science Applications International Corp		1,186
	17,573	*	Sciquest, Inc		475
	24,634	*	Seachange International, Inc		257
	59,920	*	ServiceNow, Inc		3,590
	46,932	*	ServiceSource International LLC		396
	5,658	*,e	Shutterstock, Inc		411
	4,249	*,e	Silver Spring Networks, Inc		74
	49,819	*	SolarWinds, Inc		2,124
	52,358		Solera Holdings, Inc		3,316
	12,997	*,e	Spark Networks, Inc		68
	86,461	*	Splunk, Inc		6,181
	11,456	*	SPS Commerce, Inc		704
	43,812	*	SS&C Technologies Holdings, Inc		1,753
	11,136	*	Stamps.com, Inc		374
	32,388	*	SupportSoft, Inc		83
	31,978	*	Sykes Enterprises, Inc		635
	533,896		Symantec Corp		10,662
	22,146	*	Synchronoss Technologies, Inc		759
	117,306	*	Synopsys, Inc		4,506
	11,627	*	Syntel, Inc		1,045
	34,637	*	TA Indigo Holding Corp		354
	7,151	*	Tableau Software, Inc		544
	65,606	*	Take-Two Interactive Software, Inc		1,439
	23,016	*,e	Tangoe, Inc		428
	24,938	*	TeleCommunication Systems, Inc (Class A)		57
	12,644	*	TeleNav, Inc		75
	18,087	*	TeleTech Holdings, Inc		443
	125,851	*	Teradata Corp		6,191
	4,000	*,e	Textura Corp		101
	124,754	*	TIBCO Software, Inc		2,535
	95,854	*	TiVo, Inc		1,268
	124,382		Total System Services, Inc		3,782
	6,116	*	Travelzoo, Inc		140

301

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	21,011	*,e	Trulia, Inc	$	698
	60,000	*,e	Twitter, Inc		2,800
	24,286	*	Tyler Technologies, Inc		2,032
	21,004	*	Ultimate Software Group, Inc		2,878
	32,818	*	Unisys Corp		1,000
	9,976		United Online, Inc		115
	68,687	*	Unwired Planet, Inc		149
	66,282	*	Vantiv, Inc		2,003
	19,828	*	Vasco Data Security International		150
	82,056	*	VeriFone Systems, Inc		2,775
	41,983	*	Verint Systems, Inc		1,970
	98,940	*,e	VeriSign, Inc		5,334
	32,131	*,e	VirnetX Holding Corp		456
	15,340	*	Virtusa Corp		514
	397,095		Visa, Inc (Class A)		85,717
	24,953	*	VistaPrint Ltd		1,228
	65,349	*,e	VMware, Inc (Class A)		7,059
	15,521	*	Vocus, Inc		207
	49,370	*,e	Vringo, Inc		171
	21,522	*,e	WebMD Health Corp (Class A)		891
	32,019	*	Website Pros, Inc		1,090
	427,429	e	Western Union Co		6,993
	9,100	*,e	Wix.com Ltd		209
	31,635	*	Workday, Inc		2,892
	933,534		Xerox Corp		10,549
	5,304	*	Xoom Corp		104
	681,205	*	Yahoo!, Inc		24,455
	24,831	*	Yelp, Inc		1,910
	17,846	*,e	Zillow, Inc		1,572
	47,197	*	Zix Corp		195
	444,065	*	Zynga, Inc		1,910
			TOTAL SOFTWARE & SERVICES		1,611,520
TECHNOLOGY HARDWARE & EQUIPMENT - 5.7%
	76,536	*,e	3D Systems Corp		4,527
	45,260		Adtran, Inc		1,105
	18,766	*	Agilysys, Inc		251
	9,098	e	Alliance Fiber Optic Products, Inc		132
	121,665		Amphenol Corp (Class A)		11,151
	20,525		Anixter International, Inc		2,084
	713,323		Apple, Inc		382,869
	3,200	*	Applied Optoelectronics, Inc		79
	88,409	*	ARRIS Group, Inc		2,491
	79,414	*	Arrow Electronics, Inc		4,714
	85,572	*	Aruba Networks, Inc		1,604
	7,201	*	Audience, Inc		90
	104,137		Avnet, Inc		4,845
	34,410		AVX Corp		454
	15,077	*	AX Holding Corp		125
	11,475		Badger Meter, Inc		632
	7,316		Bel Fuse, Inc (Class B)		160
	34,599		Belden CDT, Inc		2,408

302

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	45,364	*	Benchmark Electronics, Inc	$	1,027
	12,526		Black Box Corp		305
	338,011	*	Brocade Communications Systems, Inc		3,586
	26,799	*	CalAmp Corp		747
	28,887	*	Calix Networks, Inc		244
	20,400		CDW Corp		560
	30,668	*	Checkpoint Systems, Inc		412
	77,250	*,e	Ciena Corp		1,757
	4,061,283		Cisco Systems, Inc		91,013
	65,532		Cognex Corp		2,219
	19,403		Coherent, Inc		1,268
	32,000	*	CommScope Holding Co, Inc		790
	16,633		Comtech Telecommunications Corp		530
	1,047,572		Corning, Inc		21,810
	29,620	*	Cray, Inc		1,105
	23,637		CTS Corp		494
	27,847		Daktronics, Inc		401
	47,853		Diebold, Inc		1,909
	18,652	*	Digi International, Inc		189
	34,172	e	Dolby Laboratories, Inc (Class A)		1,521
	16,172	*	DTS, Inc		320
	29,407	*	EchoStar Corp (Class A)		1,399
	11,677		Electro Rent Corp		205
	17,062		Electro Scientific Industries, Inc		168
	35,264	*	Electronics for Imaging, Inc		1,527
	1,598,414		EMC Corp		43,813
	65,177	*	Emulex Corp		482
	79,396	*	Extreme Networks, Inc		460
	52,356	*	F5 Networks, Inc		5,583
	21,797	*	Fabrinet		453
	12,851	*	FARO Technologies, Inc		681
	32,068		FEI Co		3,304
	69,390	*	Finisar Corp		1,840
	107,919		Flir Systems, Inc		3,885
	55,710	*,e	Fusion-io, Inc		586
	20,123	*	GSI Group, Inc		263
	85,574	*	Harmonic, Inc		611
	83,384		Harris Corp		6,100
	42,057	*	Harris Stratex Networks, Inc (Class A)		67
	1,475,758		Hewlett-Packard Co		47,756
	17,775	*	Hutchinson Technology, Inc		50
	21,588	*	Imation Corp		125
	21,661	*	Immersion Corp		229
	88,583	*,e	Infinera Corp		804
	116,956	*	Ingram Micro, Inc (Class A)		3,457
	34,716	*	Insight Enterprises, Inc		872
	31,229	e	InterDigital, Inc		1,034
	43,480	*,e	InvenSense, Inc		1,029
	24,446	e	IPG Photonics Corp		1,738
	31,091	*	Itron, Inc		1,105
	43,041	*	Ixia		538
	154,194		Jabil Circuit, Inc		2,775

303

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	176,416	*	JDS Uniphase Corp	$	2,470
	384,874	*	Juniper Networks, Inc		9,914
	33,781	*	Kemet Corp		196
	64,648	*	Knowles Corp		2,041
	10,929	*	KVH Industries, Inc		144
	48,008		Lexmark International, Inc (Class A)		2,222
	17,104		Littelfuse, Inc		1,602
	22,942	*	Maxwell Technologies, Inc		296
	11,532	*	Measurement Specialties, Inc		782
	23,128	*	Mercury Computer Systems, Inc		306
	1,988		Mesa Laboratories, Inc		179
	28,385		Methode Electronics, Inc		870
	172,987		Motorola, Inc		11,121
	12,135		MTS Systems Corp		831
	9,079	*	Multi-Fineline Electronix, Inc		116
	73,278		National Instruments Corp		2,102
	125,176	*	NCR Corp		4,575
	17,608	*,e	Neonode, Inc		100
	258,724		NetApp, Inc		9,547
	28,803	*	Netgear, Inc		972
	27,910	*	Newport Corp		577
	10,000	*	Nimble Storage, Inc		379
	10,650	*	Numerex Corp		116
	15,398	*	Oplink Communications, Inc		277
	14,702	*	OSI Systems, Inc		880
	25,180	*	Palo Alto Networks, Inc		1,727
	18,452		Park Electrochemical Corp		551
	68,401	*,e	Parkervision, Inc		328
	6,868		PC Connection, Inc		140
	13,367		PC-Tel, Inc		117
	31,900		Plantronics, Inc		1,418
	27,845	*	Plexus Corp		1,116
	130,633	*	Polycom, Inc		1,792
	16,952	*,e	Procera Networks, Inc		176
	73,291	*	QLogic Corp		934
	1,313,114		Qualcomm, Inc		103,552
	171,155	*,e	Quantum Corp		209
	15,185	*	Radisys Corp		54
	36,008	*,e	RealD, Inc		402
	11,626		Richardson Electronics Ltd		125
	124,087	*	Riverbed Technology, Inc		2,446
	21,664	*	Rofin-Sinar Technologies, Inc		519
	12,342	*	Rogers Corp		770
	33,121	*	Ruckus Wireless, Inc		403
	171,839		SanDisk Corp		13,952
	61,646	*	Sanmina Corp		1,076
	22,159	*	Scansource, Inc		903
	43,182	*	ShoreTel, Inc		371
	25,143	*,e	Silicon Graphics International Corp		309
	165,491	*	Sonus Networks, Inc		558
	29,279	*	Speed Commerce, Inc		107
	26,821	*	Stratasys Ltd		2,845

304

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	24,077	*	Super Micro Computer, Inc	$	418
	25,608	*,e	Synaptics, Inc		1,537
	19,931	*	SYNNEX Corp		1,208
	28,651	*	Tech Data Corp		1,747
	3,883		Tessco Technologies, Inc		145
	194,448	*	Trimble Navigation Ltd		7,558
	41,884	*	TTM Technologies, Inc		354
	9,456	e	Ubiquiti Networks, Inc		430
	7,424	*,e	Uni-Pixel, Inc		57
	29,474	*,e	Universal Display Corp		941
	30,131	*	Viasat, Inc		2,080
	3,408	*	Viasystems Group, Inc		43
	25,400	*,e	Violin Memory, Inc		102
	100,754		Vishay Intertechnology, Inc		1,499
	9,508	*	Vishay Precision Group, Inc		165
	40,762	*	Westell Technologies, Inc		150
	161,050		Western Digital Corp		14,788
	38,765	*	Zebra Technologies Corp (Class A)		2,691
	12,959	*	Zygo Corp		197
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		910,492
TELECOMMUNICATION SERVICES - 2.2%
	54,341	*	8x8, Inc		587
	4,088,342		AT&T, Inc		143,378
	7,918		Atlantic Tele-Network, Inc		522
	12,079	*,e	Boingo Wireless, Inc		82
	20,132	*	Cbeyond Communications, Inc		146
	434,829	e	CenturyTel, Inc		14,280
	149,815	*	Cincinnati Bell, Inc		518
	35,274		Cogent Communications Group, Inc		1,253
	30,479	e	Consolidated Communications Holdings, Inc		610
	16,551	*,e	Fairpoint Communications, Inc		225
	762,890	e	Frontier Communications Corp		4,349
	24,304	*	General Communication, Inc (Class A)		277
	7,568	*	Hawaiian Telcom Holdco, Inc		216
	10,686		HickoryTech Corp		137
	10,513		IDT Corp (Class B)		175
	38,233	*	inContact, Inc		367
	25,073		Inteliquent, Inc		364
	17,103	*	Intelsat S.A.		320
	49,634	*,e	Iridium Communications, Inc		373
	124,143	*	Level 3 Communications, Inc		4,859
	11,759		Lumos Networks Corp		157
	114,600	*	NII Holdings, Inc (Class B)		136
	11,759	e	NTELOS Holdings Corp		159
	28,044	*	Orbcomm, Inc		192
	42,630	*	Premiere Global Services, Inc		514
	97,128	*	SBA Communications Corp (Class A)		8,835
	18,151		Shenandoah Telecom Co		586
	644,967	*	Sprint Corp		5,927
	5,256	*	Straight Path Communications, Inc		39
	70,668		Telephone & Data Systems, Inc		1,852

305

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	145,664	*	T-Mobile US, Inc	$	4,811
	49,246	*,e	Towerstream Corp		116
	114,391	*	tw telecom inc (Class A)		3,576
	9,529		US Cellular Corp		391
	18,421		USA Mobility, Inc		335
	3,142,158		Verizon Communications, Inc		149,473
	119,221	*	Vonage Holdings Corp		509
	459,835	e	Windstream Holdings, Inc		3,789
			TOTAL TELECOMMUNICATION SERVICES		354,435
TRANSPORTATION - 2.1%
	44,655	*	Air Transport Services Group, Inc		351
	53,479		Alaska Air Group, Inc		4,990
	11,124		Allegiant Travel Co		1,245
	5,591		Amerco, Inc		1,298
	146,103	*	American Airlines Group, Inc		5,347
	19,331		Arkansas Best Corp		714
	19,165	*	Atlas Air Worldwide Holdings, Inc		676
	81,543	*	Avis Budget Group, Inc		3,971
	16,346	*	Celadon Group, Inc		393
	115,874		CH Robinson Worldwide, Inc		6,071
	42,760		Con-Way, Inc		1,757
	25,778		Copa Holdings S.A. (Class A)		3,743
	775,463		CSX Corp		22,465
	651,573		Delta Air Lines, Inc		22,577
	13,483	*	Echo Global Logistics, Inc		247
	157,007		Expeditors International of Washington, Inc		6,222
	226,642		FedEx Corp		30,044
	22,919		Forward Air Corp		1,057
	32,826	*	Genesee & Wyoming, Inc (Class A)		3,195
	40,654	*,e	Hawaiian Holdings, Inc		568
	38,365		Heartland Express, Inc		871
	262,970	*	Hertz Global Holdings, Inc		7,006
	28,105	*	Hub Group, Inc (Class A)		1,124
	4,290		International Shipholding Corp		126
	69,164		J.B. Hunt Transport Services, Inc		4,974
	181,414	*,e	JetBlue Airways Corp		1,576
	83,991		Kansas City Southern Industries, Inc		8,572
	42,550	*	Kirby Corp		4,308
	42,524		Knight Transportation, Inc		984
	35,503		Landstar System, Inc		2,102
	17,739		Marten Transport Ltd		382
	32,238		Matson, Inc		796
	238,708		Norfolk Southern Corp		23,195
	54,394	*	Old Dominion Freight Line		3,086
	31,042	*	Pacer International, Inc		278
	6,136	*	Park-Ohio Holdings Corp		345
	4,942	*	Patriot Transportation Holding, Inc		178
	16,337	*	Quality Distribution, Inc		212
	36,815	*	Republic Airways Holdings, Inc		337
	13,212	*	Roadrunner Transportation Services Holdings, Inc		333
	39,335		Ryder System, Inc		3,144

306

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	18,094	*	Saia, Inc	$	691
	85,000	*	Scorpio Bulkers, Inc		859
	40,260		Skywest, Inc		514
	548,845		Southwest Airlines Co		12,958
	45,773	*	Spirit Airlines, Inc		2,719
	63,781	*,e	Swift Transportation Co, Inc		1,579
	269,291	*	UAL Corp		12,018
	14,027	*	Ultrapetrol Bahamas Ltd		43
	354,535		Union Pacific Corp		66,532
	551,190		United Parcel Service, Inc (Class B)		53,675
	3,884		Universal Truckload Services, Inc		112
	69,158		UTI Worldwide, Inc		732
	34,798		Werner Enterprises, Inc		888
	31,643	*	Wesco Aircraft Holdings, Inc		696
	36,938	*,e	XPO Logistics, Inc		1,086
	23,809	*,e	YRC Worldwide, Inc		536
			TOTAL TRANSPORTATION		336,498
UTILITIES - 3.1%
	471,467		AES Corp		6,733
	91,415		AGL Resources, Inc		4,476
	30,845	e	Allete, Inc		1,617
	84,216		Alliant Energy Corp		4,784
	184,363		Ameren Corp		7,596
	369,389		American Electric Power Co, Inc		18,713
	29,456		American States Water Co		951
	134,451		American Water Works Co, Inc		6,104
	134,973		Aqua America, Inc		3,384
	4,909		Artesian Resources Corp		110
	108,646	e	Atlantic Power Corp		315
	69,174		Atmos Energy Corp		3,260
	43,026		Avista Corp		1,319
	33,522		Black Hills Corp		1,933
	35,650		California Water Service Group		853
	300,049	*	Calpine Corp		6,274
	325,746		Centerpoint Energy, Inc		7,717
	7,727		Chesapeake Utilities Corp		488
	46,444		Cleco Corp		2,349
	203,302		CMS Energy Corp		5,953
	8,405		Connecticut Water Service, Inc		287
	222,400		Consolidated Edison, Inc		11,932
	10,306		Consolidated Water Co, Inc		136
	5,331		Delta Natural Gas Co, Inc		110
	438,172		Dominion Resources, Inc		31,106
	131,757		DTE Energy Co		9,788
	537,017		Duke Energy Corp		38,246
	76,383	*,e	Dynegy, Inc		1,905
	246,110		Edison International		13,932
	30,616		El Paso Electric Co		1,094
	33,239		Empire District Electric Co		808
	135,237		Entergy Corp		9,041
	651,184		Exelon Corp		21,854

307

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	321,056		FirstEnergy Corp	$	10,926
	10,513	*	Genie Energy Ltd		105
	117,135		Great Plains Energy, Inc		3,167
	73,366	e	Hawaiian Electric Industries, Inc		1,865
	38,056		Idacorp, Inc		2,111
	59,780		Integrys Energy Group, Inc		3,566
	118,947		ITC Holdings Corp		4,443
	24,878		Laclede Group, Inc		1,173
	144,429		MDU Resources Group, Inc		4,955
	26,250		MGE Energy, Inc		1,030
	11,759		Middlesex Water Co		257
	55,740		National Fuel Gas Co		3,904
	31,721		New Jersey Resources Corp		1,580
	323,264		NextEra Energy, Inc		30,910
	237,792		NiSource, Inc		8,449
	239,428		Northeast Utilities		10,894
	22,143	e	Northwest Natural Gas Co		974
	27,832		NorthWestern Corp		1,320
	245,109		NRG Energy, Inc		7,794
	17,100	e	NRG Yield, Inc		676
	150,808		OGE Energy Corp		5,544
	39,547	*	ONE Gas, Inc		1,421
	13,917	e	Ormat Technologies, Inc		418
	27,545		Otter Tail Corp		848
	11,000	e	Pattern Energy Group, Inc		298
	189,953	e	Pepco Holdings, Inc		3,890
	336,758		PG&E Corp		14,548
	59,496		Piedmont Natural Gas Co, Inc		2,106
	83,775		Pinnacle West Capital Corp		4,579
	60,937		PNM Resources, Inc		1,647
	58,032		Portland General Electric Co		1,877
	480,694		PPL Corp		15,930
	384,444		Public Service Enterprise Group, Inc		14,663
	13,764	*,e	Pure Cycle Corp		83
	130,852		Questar Corp		3,112
	104,149		SCANA Corp		5,345
	184,580		Sempra Energy		17,860
	12,005		SJW Corp		355
	24,625		South Jersey Industries, Inc		1,381
	660,136		Southern Co		29,006
	34,400		Southwest Gas Corp		1,839
	163,004	e	TECO Energy, Inc		2,795
	85,402		UGI Corp		3,895
	43,076		UIL Holdings Corp		1,586
	10,272		Unitil Corp		337
	30,975		UNS Energy Corp		1,859
	62,331		Vectren Corp		2,455
	96,665	e	Westar Energy, Inc		3,399
	39,376		WGL Holdings, Inc		1,577
	174,151	e	Wisconsin Energy Corp		8,107
	375,757		Xcel Energy, Inc		11,408
	9,006		York Water Co		184

308

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
			TOTAL UTILITIES	$	489,619
			TOTAL COMMON STOCKS		15,967,922
			(Cost $9,160,673)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	15,560	e,m	Magnum Hunter Resources Corp		0
			TOTAL ENERGY		0
MEDIA - 0.0%
	925	e,m	Central European Media Enterprises Ltd		0	^
			TOTAL MEDIA		0	^
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	28,951	e,m	Trius Therapeutics, Inc		4
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		4
TELECOMMUNICATION SERVICES - 0.0%
	46,753	e,m	Leap Wireless International, Inc		118
			TOTAL TELECOMMUNICATION SERVICES		118
			TOTAL RIGHTS / WARRANTS		122
			(Cost $118)

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE
SHORT-TERM INVESTMENTS - 3.5%
TREASURY DEBT - 0.1%
$	7,000,000	d	United States Treasury Bill		0.050	%	08/14/14		6,999
	2,900,000	d	United States Treasury Bill		0.080		09/04/14		2,899
			TOTAL TREASURY DEBT						9,898
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.4%
	550,139,801	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						550,140
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						550,140
			TOTAL SHORT-TERM INVESTMENTS						560,038
			(Cost $560,037)
			TOTAL INVESTMENTS - 103.2%						16,528,082
			(Cost $9,720,828)
			OTHER ASSETS & LIABILITIES, NET - (3.2)%						(512,323	)
			NET ASSETS - 100.0%					$	16,015,759

309

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

	Abbreviation(s):
ETF	Exchange Traded Fund
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts
*	Non-income producing.
^	Amount represents less than $1,000.
a	Affiliated holding.
c	Investments made with cash collateral received from securites on loan.
d	All or a portion of these securities have been segregated by the custodian to cover margin or other requirements on open futures transactions.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $541,720,000.
m	Indicates a security that has been deemed illiquid.
	Cost amounts are in thousands.

310

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

COLLEGE RETIREMENT EQUITIES FUND

BOND MARKET ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2014

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
BANK LOAN OBLIGATIONS - 0.1%
CAPITAL GOODS - 0.0%
$	4,838,750	i	TransDigm, Inc		3.750	%	02/28/20	$	4,839
			TOTAL CAPITAL GOODS						4,839
FOOD, BEVERAGE & TOBACCO - 0.1%
	10,719,000	i	HJ Heinz Co		3.250		06/07/19		10,737
			TOTAL FOOD, BEVERAGE & TOBACCO						10,737
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	473,813	i	CHS/Community Health Systems		4.250		01/27/21		477
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						477
MEDIA - 0.0%
	1,831,500	i	Univision Communications, Inc		4.000		03/01/20		1,828
			TOTAL MEDIA						1,828
UTILITIES - 0.0%
	197,000	i	Calpine Corp		4.000		10/09/19		197
			TOTAL UTILITIES						197
			TOTAL BANK LOAN OBLIGATIONS						18,078
			(Cost $18,012)
BONDS - 96.5%
CORPORATE BONDS - 32.6%
AUTOMOBILES & COMPONENTS - 0.1%
	10,300,000		Ford Motor Co		4.750		01/15/43		9,961
	4,500,000	g	Hyundai Motor Manufacturer		4.500		04/15/15		4,659
			TOTAL AUTOMOBILES & COMPONENTS						14,620
BANKS - 5.3%
	5,200,000	g	Banco de Credito e Inversiones		4.000		02/11/23		5,047
	4,500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		4,612
	2,700,000	g	Banco del Estado de Chile		3.875		02/08/22		2,664
	5,600,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander		4.125		11/09/22		5,495
	7,255,000		Bancolombia S.A.		5.950		06/03/21		7,745
	11,786,000	g	Bank Nederlandse Gemeenten		1.375		09/27/17		11,772
	1,500,000	g	Bank Nederlandse Gemeenten		1.375		03/19/18		1,485
	27,700,000	g	Bank of Montreal		2.625		01/25/16		28,723
	50,520,000	g	Bank of Nova Scotia		1.650		10/29/15		51,442

311

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	39,500,000	g	Bank of Nova Scotia		2.150	%	08/03/16	$	40,751
	5,850,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		6,004
	3,400,000		BB&T Corp		2.050		06/19/18		3,401
	5,190,000	g	BBVA Banco Continental S.A.		3.250		04/08/18		5,216
	2,500,000	g	Caixa Economica Federal		2.375		11/06/17		2,412
	4,500,000	g	Caixa Economica Federal		4.500		10/03/18		4,579
	6,000,000	g	Canadian Imperial Bank of Commerce		2.600		07/02/15		6,168
	12,500,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		12,991
	12,640,000		Citigroup, Inc		5.000		09/15/14		12,885
	6,400,000		Citigroup, Inc		2.250		08/07/15		6,517
	8,425,000		Citigroup, Inc		1.300		11/15/16		8,421
	21,575,000		Citigroup, Inc		3.500		05/15/23		20,355
	11,000,000		Citigroup, Inc		3.875		10/25/23		10,922
	10,775,000		Citigroup, Inc		6.675		09/13/43		12,617
	12,300,000		Citigroup, Inc		4.950		11/07/43		12,499
	4,475,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		4,439
	5,950,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.875		02/08/22		6,162
	6,875,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		6,828
	8,650,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		8,901
	10,900,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		11,895
	11,730,000	g	Depfa ACS Bank		5.125		03/16/37		10,586
	2,350,000	g	HSBC Bank plc		1.500		05/15/18		2,302
	7,350,000	g	HSBC Bank plc		4.125		08/12/20		7,789
	7,000,000		HSBC Bank USA NA		4.625		04/01/14		7,000
	1,550,000		HSBC Holdings plc		4.000		03/30/22		1,610
	12,250,000		HSBC Holdings plc		4.250		03/14/24		12,265
	2,100,000		HSBC Holdings plc		6.500		09/15/37		2,485
	5,275,000		HSBC Holdings plc		5.250		03/14/44		5,334
	11,275,000		HSBC USA, Inc		2.375		02/13/15		11,467
	11,350,000		HSBC USA, Inc		1.625		01/16/18		11,256
	2,650,000	g	Hutchison Whampoa International 11 Ltd		4.625		01/13/22		2,797
	2,595,000		JPMorgan Chase & Co		5.125		09/15/14		2,649
	17,000,000		JPMorgan Chase & Co		3.875		02/01/24		17,152
	9,400,000		JPMorgan Chase & Co		4.850		02/01/44		9,585
	3,750,000	i	JPMorgan Chase & Co		5.150		12/30/49		3,516
	6,225,000	g	PKO Finance AB		4.630		09/26/22		6,272
	10,400,000		PNC Bank NA		2.200		01/28/19		10,366
	10,950,000		PNC Bank NA		2.700		11/01/22		10,287
	17,395,000		PNC Bank NA		2.950		01/30/23		16,515
	4,900,000	g,i	Rabobank Nederland NV		11.000		12/30/49		6,505
	12,000,000		Royal Bank of Canada		1.200		09/19/17		11,916
	11,300,000		Royal Bank of Canada		2.200		07/27/18		11,373
	3,000,000	g	Russian Agricultural Bank OJSC Via RSHB Capital S.A.		5.100		07/25/18		2,925
	15,000,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		14,703
	2,355,000	g	Sumitomo Mitsui Banking Corp		3.150		07/22/15		2,426
	3,800,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		3,865
	5,700,000		SunTrust Bank		2.750		05/01/23		5,338
	9,000,000	g	Toronto-Dominion Bank		2.200		07/29/15		9,211
	495,000		Toronto-Dominion Bank		2.500		07/14/16		514
	26,500,000	g	Toronto-Dominion Bank		1.625		09/14/16		27,007
	10,000,000		Toronto-Dominion Bank		2.375		10/19/16		10,368
	70,000,000	g	Toronto-Dominion Bank		1.500		03/13/17		70,893
	4,850,000	g	Turkiye Is Bankasi		3.750		10/10/18		4,552

312

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	775,000	g	Turkiye Is Bankasi		5.500	%	04/21/19	$	781
	7,100,000		Union Bank NA		2.125		06/16/17		7,232
	5,700,000		UnionBanCal Corp		3.500		06/18/22		5,759
	5,800,000		US Bancorp		1.650		05/15/17		5,871
	5,550,000		US Bancorp		2.950		07/15/22		5,338
	5,000,000		US Bank NA		4.950		10/30/14		5,131
	1,980,000		Wachovia Bank NA		4.800		11/01/14		2,030
	5,700,000		Westpac Banking Corp		3.000		08/04/15		5,885
	15,000,000	g	Westpac Banking Corp		1.850		11/26/18		14,794
	10,850,000		Westpac Banking Corp		2.250		01/17/19		10,800
			TOTAL BANKS						719,398
CAPITAL GOODS - 0.9%
	5,000,000		Access Midstream Partners LP		4.875		03/15/24		4,987
	2,268,000	g	Alpek S.A. de C.V.		5.375		08/08/23		2,342
	1,075,000		Bombardier, Inc		4.750		04/15/19		1,075
	3,000,000		Bombardier, Inc		6.000		10/15/22		3,000
	8,000,000		Caterpillar, Inc		1.375		05/27/14		8,011
	12,050,000		Caterpillar, Inc		1.500		06/26/17		12,058
	1,390,000		Crown Americas LLC		4.500		01/15/23		1,327
	8,000,000		Deere & Co		2.600		06/08/22		7,649
	6,350,000	g	EADS Finance BV		2.700		04/17/23		6,000
	2,075,000		Eaton Corp		4.000		11/02/32		2,007
	17,675,000		John Deere Capital Corp		1.950		03/04/19		17,485
	1,450,000	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		1,501
	1,250,000	g	Schaeffler Finance BV		4.750		05/15/21		1,278
	4,850,000		Seagate HDD Cayman		7.000		11/01/21		5,426
	11,000,000	g	Seagate HDD Cayman		4.750		06/01/23		10,862
	665,000	g	Sealed Air Corp		6.500		12/01/20		733
	1,370,000	g	Sealed Air Corp		5.250		04/01/23		1,384
	2,000,000		SPX Corp		6.875		09/01/17		2,270
	10,000,000	g	TSMC Global Ltd		1.625		04/03/18		9,694
	8,950,000		United Technologies Corp		1.800		06/01/17		9,099
	5,950,000		United Technologies Corp		4.500		06/01/42		6,059
			TOTAL CAPITAL GOODS						114,247
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	1,425,000		ADT Corp		4.125		04/15/19		1,414
	1,425,000	g	ADT Corp		6.250		10/15/21		1,464
	7,175,000		Air Lease Corp		3.875		04/01/21		7,175
	750,000	g	Empresa de Transporte de Pasajeros Metro S.A.		4.750		02/04/24		779
	5,650,000		MasterCard, Inc		2.000		04/01/19		5,626
	10,290,000		Republic Services, Inc		3.800		05/15/18		10,909
	5,375,000		Republic Services, Inc		3.550		06/01/22		5,385
	7,150,000		Waste Management, Inc		2.600		09/01/16		7,404
	15,050,000		Waste Management, Inc		2.900		09/15/22		14,368
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						54,524
CONSUMER DURABLES & APPAREL - 0.3%
	2,574,000		DR Horton, Inc		3.625		02/15/18		2,613
	9,600,000		DR Horton, Inc		3.750		03/01/19		9,624
	4,450,000		DR Horton, Inc		4.375		09/15/22		4,361
	5,000,000		DR Horton, Inc		5.750		08/15/23		5,288

313

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,500,000		Hanesbrands, Inc		6.375	%	12/15/20	$	1,639
	11,900,000		PVH Corp		4.500		12/15/22		11,751
	2,625,000		Whirlpool Corp		3.700		03/01/23		2,600
			TOTAL CONSUMER DURABLES & APPAREL						37,876
CONSUMER SERVICES - 0.9%
	850,000		ARAMARK Corp		5.750		03/15/20		898
	2,000,000		DineEquity, Inc		9.500		10/30/18		2,180
	2,475,000	g	GLP Capital LP		4.375		11/01/18		2,540
	5,000,000		Johns Hopkins University		4.083		07/01/53		4,655
	8,000,000		President and Fellows of Harvard College		3.529		10/01/31		7,334
	14,250,000		President and Fellows of Harvard College		3.619		10/01/37		12,950
	11,650,000	g	SABMiller Holdings, Inc		3.750		01/15/22		11,907
	8,650,000	g	SABMiller Holdings, Inc		4.950		01/15/42		9,057
	40,000,000		Stanford University		4.013		05/01/42		38,100
	21,000,000		University of Chicago		4.151		10/01/45		19,420
	7,900,000		Walt Disney Co		0.450		12/01/15		7,893
			TOTAL CONSUMER SERVICES						116,934
DIVERSIFIED FINANCIALS - 5.7%
	6,165,000	g	Abbey National Treasury Services plc		3.875		11/10/14		6,291
	3,875,000		Abbey National Treasury Services plc		4.000		04/27/16		4,107
	7,455,000	g	Ajecorp BV		6.500		05/14/22		7,250
	2,000,000		American Express Centurion Bank		6.000		09/13/17		2,297
	9,275,000		American Express Credit Corp		1.300		07/29/16		9,347
	9,800,000		American Express Credit Corp		2.125		07/27/18		9,846
	15,175,000		Bank of America Corp		3.750		07/12/16		16,048
	18,550,000		Bank of America Corp		5.300		03/15/17		20,413
	8,525,000		Bank of America Corp		6.000		09/01/17		9,671
	27,000,000		Bank of America Corp		2.600		01/15/19		27,107
	12,000,000		Bank of America Corp		2.650		04/01/19		12,038
	26,175,000		Bank of America Corp		4.100		07/24/23		26,550
	8,250,000		Bank of America Corp		4.000		04/01/24		8,240
	15,050,000		Bank of America Corp		5.000		01/21/44		15,364
	2,250,000		Bank of New York Mellon Corp		1.200		02/20/15		2,266
	6,250,000	i	Bank of New York Mellon Corp		1.969		06/20/17		6,375
	4,125,000		Bank of New York Mellon Corp		5.450		05/15/19		4,710
	4,330,000	g	BBVA Bancomer S.A.		4.500		03/10/16		4,579
	5,000,000	g	BBVA Bancomer S.A.		6.750		09/30/22		5,475
	7,250,000		BlackRock, Inc		3.500		12/10/14		7,406
	15,000,000		BlackRock, Inc		1.375		06/01/15		15,141
	7,000,000		BlackRock, Inc		4.250		05/24/21		7,599
	10,700,000		BlackRock, Inc		3.500		03/18/24		10,625
	10,680,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		11,075
	24,600,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		24,925
	4,500,000		Capital One Bank USA NA		3.375		02/15/23		4,379
	10,100,000		Capital One Financial Corp		1.000		11/06/15		10,114
	2,432,000		Citigroup, Inc		5.500		10/15/14		2,496
	10,000,000	i	Citigroup, Inc		5.350		12/30/49		9,275
	2,800,000	g	Comcel Trust		6.875		02/06/24		2,929
	3,700,000		Countrywide Financial Corp		6.250		05/15/16		4,058
	10,000,000	g	FMR LLC		4.950		02/01/33		10,455
	11,425,000	g	FMR LLC		5.150		02/01/43		11,816

314

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	6,660,000		Ford Motor Credit Co LLC		4.250	%	02/03/17	$	7,151
	3,340,000		Ford Motor Credit Co LLC		6.625		08/15/17		3,858
	7,325,000		Ford Motor Credit Co LLC		5.000		05/15/18		8,085
	17,000,000		General Electric Capital Corp		1.625		07/02/15		17,231
	12,850,000		General Electric Capital Corp		2.300		01/14/19		12,965
	7,200,000		General Electric Capital Corp		2.100		12/11/19		7,142
	30,000,000		General Electric Capital Corp		3.100		01/09/23		29,357
	5,000,000		General Electric Capital Corp		6.150		08/07/37		6,064
	375,000		General Electric Capital Corp		6.875		01/10/39		494
	5,125,000		General Motors Financial Co, Inc		2.750		05/15/16		5,192
	19,240,000		Goldman Sachs Group, Inc		3.300		05/03/15		19,760
	11,075,000		Goldman Sachs Group, Inc		2.375		01/22/18		11,149
	10,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		10,473
	14,600,000		Goldman Sachs Group, Inc		3.625		01/22/23		14,362
	7,100,000		Goldman Sachs Group, Inc		4.000		03/03/24		7,069
	1,150,000		Goldman Sachs Group, Inc		6.450		05/01/36		1,277
	3,100,000		Goldman Sachs Group, Inc		6.750		10/01/37		3,551
	10,250,000		Goldman Sachs Group, Inc		6.250		02/01/41		12,171
	9,599,000		HSBC Finance Corp		6.676		01/15/21		11,201
	1,440,000	g	Hyundai Capital America, Inc		3.750		04/06/16		1,505
	1,800,000	g	Hyundai Capital Services, Inc		4.375		07/27/16		1,921
	2,750,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		2,877
	1,425,000	g	Icahn Enterprises LP		4.875		03/15/19		1,450
	1,725,000	g	Icahn Enterprises LP		5.875		02/01/22		1,751
	3,750,000	g	International Lease Finance Corp		6.500		09/01/14		3,830
	9,250,000		International Lease Finance Corp		5.750		05/15/16		9,950
	8,400,000		International Lease Finance Corp		3.875		04/15/18		8,568
	3,200,000		International Lease Finance Corp		5.875		04/01/19		3,496
	10,000,000		International Lease Finance Corp		5.875		08/15/22		10,575
	5,000,000		Landwirtschaftliche Rentenbank		5.125		02/01/17		5,578
	5,745,000	g	LUKOIL International Finance BV		6.125		11/09/20		5,946
	5,100,000	g	LUKOIL International Finance BV		4.563		04/24/23		4,667
	10,300,000		Morgan Stanley		1.750		02/25/16		10,433
	14,850,000		Morgan Stanley		2.500		01/24/19		14,809
	6,800,000		Morgan Stanley		3.750		02/25/23		6,757
	7,250,000		Morgan Stanley		6.375		07/24/42		8,844
	3,800,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		5,124
	6,500,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		6,442
	4,000,000	g	Reliance Holdings USA		4.500		10/19/20		4,049
	6,350,000		State Street Corp		4.300		05/30/14		6,390
	53,224,806		Tagua Leasing LLC		1.900		07/12/24		51,498
	8,520,000	g	Temasek Financial I Ltd		2.375		01/23/23		7,845
	6,265,000		Toyota Motor Credit Corp		1.250		10/05/17		6,208
	2,075,000	g	Turkiye Vakiflar Bankasi Tao		3.750		04/15/18		1,961
	9,125,000		Unilever Capital Corp		2.200		03/06/19		9,124
	2,000,000		Unilever Capital Corp		4.250		02/10/21		2,182
	2,925,000	g	Waha Aerospace BV		3.925		07/28/20		3,093
	12,500,000		Wells Fargo & Co		1.500		07/01/15		12,645
	5,052,000		Wells Fargo & Co		4.480		01/16/24		5,220
	14,625,000		Wells Fargo & Co		5.375		11/02/43		15,406
			TOTAL DIVERSIFIED FINANCIALS						758,963

315

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
ENERGY - 2.9%
$	7,950,000		Anadarko Petroleum Corp		5.950	%	09/15/16	$	8,820
	2,445,000		Anadarko Petroleum Corp		6.950		06/15/19		2,918
	3,650,000		Apache Corp		1.750		04/15/17		3,685
	12,170,000		Apache Corp		4.750		04/15/43		12,234
	3,750,000		Ashland, Inc		3.875		04/15/18		3,872
	13,650,000		Ashland, Inc		4.750		08/15/22		13,394
	16,500,000		BP Capital Markets plc		1.375		05/10/18		16,152
	2,950,000		Canadian Natural Resources Ltd		3.800		04/15/24		2,965
	6,250,000		Chevron Corp		2.355		12/05/22		5,873
	3,690,000		Cimarex Energy Co		5.875		05/01/22		4,004
	2,000,000		Cloud Peak Energy Resources LLC		8.500		12/15/19		2,155
	5,475,000		Concho Resources, Inc		5.500		04/01/23		5,694
	7,000,000		ConocoPhillips		4.600		01/15/15		7,226
	2,075,000		Continental Resources, Inc		5.000		09/15/22		2,179
	1,825,000		Devon Energy Corp		1.875		05/15/17		1,838
	3,150,000		Devon Energy Corp		4.750		05/15/42		3,123
	1,090,000		Ecopetrol S.A.		5.875		09/18/23		1,191
	4,500,000	g	Empresa Nacional del Petroleo		6.250		07/08/19		5,060
	3,250,000		Enbridge Energy Partners LP		5.200		03/15/20		3,548
	4,000,000		Enterprise Products Operating LLC		5.600		10/15/14		4,107
	1,150,000		Enterprise Products Operating LLC		5.000		03/01/15		1,195
	7,500,000		Enterprise Products Operating LLC		5.100		02/15/45		7,752
	1,950,000		EOG Resources, Inc		2.625		03/15/23		1,842
	2,250,000		Exterran Partners		6.000		10/01/22		2,213
	2,800,000	g	Gazprom Neft OAO		4.375		09/19/22		2,485
	3,000,000	g	Gazprom OAO Via Gaz Capital S.A.		4.950		05/23/16		3,094
	3,300,000	g	Gazprom OAO Via Gaz Capital S.A.		3.850		02/06/20		3,094
	4,450,000	g	Gazprom OAO Via Gaz Capital S.A.		4.950		07/19/22		4,183
	5,700,000		Hess Corp		5.600		02/15/41		6,259
	1,900,000	g	Indo Energy Finance II BV		6.375		01/24/23		1,510
	1,000,000	g	KMG Finance Sub BV		6.375		04/09/21		1,090
	5,530,000		Marathon Petroleum Corp		3.500		03/01/16		5,793
	1,000,000		MarkWest Energy Partners LP		6.750		11/01/20		1,082
	4,240,000		MarkWest Energy Partners LP		5.500		02/15/23		4,357
	2,525,000		Newfield Exploration Co		5.625		07/01/24		2,620
	7,350,000		Noble Energy, Inc		5.250		11/15/43		7,671
	2,475,000		Noble Holding International Ltd		3.450		08/01/15		2,556
	7,550,000		Noble Holding International Ltd		4.900		08/01/20		8,056
	10,850,000	g	ONE Gas, Inc		2.070		02/01/19		10,755
	3,500,000	g	ONE Gas, Inc		3.610		02/01/24		3,533
	6,900,000	g	ONE Gas, Inc		4.658		02/01/44		7,163
	7,000,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		7,263
	800,000		Pemex Project Funding Master Trust		5.750		03/01/18		887
	3,040,000		Pemex Project Funding Master Trust		6.625		06/15/35		3,374
	2,000,000	g	Pertamina Persero PT		4.875		05/03/22		1,923
	550,000	g	Pertamina Persero PT		4.300		05/20/23		496
	3,000,000	g	Pertamina PT		5.250		05/23/21		3,007
	1,850,000	i	Petrobras Global Finance BV		1.855		05/20/16		1,829
	3,600,000		Petrobras Global Finance BV		3.250		03/17/17		3,611
	2,000,000	i	Petrobras Global Finance BV		2.379		01/15/19		1,953
	810,000		Petrobras Global Finance BV		4.375		05/20/23		741
	2,080,000		Petrobras International Finance Co		3.875		01/27/16		2,136
	6,050,000		Petrobras International Finance Co		3.500		02/06/17		6,115

316

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	4,500,000		Petrobras International Finance Co		7.875	%	03/15/19	$	5,133
	2,000,000		Petrobras International Finance Co		6.875		01/20/40		1,971
	4,350,000		Petroleos Mexicanos		3.500		07/18/18		4,513
	2,900,000		Petroleos Mexicanos		8.000		05/03/19		3,538
	2,500,000		Petroleos Mexicanos		6.000		03/05/20		2,816
	1,500,000		Petroleos Mexicanos		4.875		01/24/22		1,568
	18,000,000		Petroleos Mexicanos		1.950		12/20/22		17,764
	9,630,000		Petroleos Mexicanos		2.000		12/20/22		9,524
	1,500,000		Petroleos Mexicanos		3.500		01/30/23		1,412
	4,000,000		Petroleos Mexicanos		6.500		06/02/41		4,380
	2,250,000		Petroleos Mexicanos		5.500		06/27/44		2,171
	3,960,000	g	Petroleum Co of Trinidad & Tobago Ltd		9.750		08/14/19		4,940
	7,400,000		Phillips 66		1.950		03/05/15		7,486
	2,674,000		Precision Drilling Trust		6.625		11/15/20		2,861
	2,800,000	g	PTT Exploration & Production PCL		3.707		09/16/18		2,875
	3,335,000		Range Resources Corp		5.000		08/15/22		3,402
	1,425,000		Regency Energy Partners LP		5.875		03/01/22		1,478
	3,000,000	g	Rosneft Oil Co via Rosneft International Finance Ltd		4.199		03/06/22		2,651
	6,000,000		Shell International Finance BV		2.375		08/21/22		5,649
	4,650,000		Shell International Finance BV		4.550		08/12/43		4,806
	2,800,000		Statoil ASA		2.900		10/15/14		2,837
	2,075,000		Statoil ASA		1.200		01/17/18		2,035
	5,300,000		Statoil ASA		2.450		01/17/23		4,969
	8,875,000		Statoil ASA		4.250		11/23/41		8,641
	5,000,000		Tesoro Corp		5.125		04/01/24		4,975
	4,025,000		Total Capital Canada Ltd		1.450		01/15/18		3,997
	1,000,000		Total Capital International S.A.		1.000		01/10/17		1,004
	6,100,000		Total Capital International S.A.		1.500		02/17/17		6,192
	3,400,000		TransCanada PipeLines Ltd		5.850		03/15/36		3,949
	2,750,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		2,849
	800,000	g	Ultra Petroleum Corp		5.750		12/15/18		840
	5,025,000		Vale Overseas Ltd		4.375		01/11/22		4,989
	2,760,000		Vale Overseas Ltd		6.875		11/21/36		2,941
	3,375,000		Valero Energy Corp		4.500		02/01/15		3,484
	2,490,000		Whiting Petroleum Corp		5.750		03/15/21		2,677
			TOTAL ENERGY						378,993
FOOD & STAPLES RETAILING - 0.2%
	5,690,000		CVS Caremark Corp		3.250		05/18/15		5,852
	7,625,000		CVS Caremark Corp		4.000		12/05/23		7,791
	4,125,000		CVS Caremark Corp		5.300		12/05/43		4,553
	7,300,000		Ingles Markets, Inc		5.750		06/15/23		7,300
	880,000		Stater Bros Holdings, Inc		7.750		04/15/15		882
	900,000		Stater Bros Holdings, Inc		7.375		11/15/18		950
			TOTAL FOOD & STAPLES RETAILING						27,328
FOOD, BEVERAGE & TOBACCO - 0.9%
	6,300,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		6,545
	10,575,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		10,591
	24,650,000		Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		23,274
	1,000,000	g	BRF-Brasil Foods S.A.		5.875		06/06/22		1,035
	3,270,000	g	BRF-Brasil Foods S.A.		3.950		05/22/23		2,918
	1,900,000		Campbell Soup Co		2.500		08/02/22		1,728

317

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,100,000		Coca-Cola Co		3.200	%	11/01/23	$	6,982
	1,300,000	g	Corp Lindley S.A.		6.750		11/23/21		1,388
	9,400,000		Diageo Capital plc		2.625		04/29/23		8,762
	5,525,000	g	Embotelladora Andina S.A.		5.000		10/01/23		5,748
	6,500,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		5,958
	4,080,000		General Mills, Inc		5.200		03/17/15		4,259
	5,525,000	g	Grupo Bimbo SAB de C.V.		4.500		01/25/22		5,681
	5,614,000		Kraft Foods, Inc		6.500		02/09/40		7,061
	3,075,000		Mondelez International, Inc		4.125		02/09/16		3,250
	6,200,000		Mondelez International, Inc		4.000		02/01/24		6,291
	680,000		PepsiCo, Inc		7.900		11/01/18		854
	6,850,000	g	Pernod Ricard S.A.		4.250		07/15/22		7,035
	2,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		2,073
	1,600,000		Philip Morris International, Inc		6.375		05/16/38		1,975
	1,125,000		TreeHouse Foods, Inc		4.875		03/15/22		1,132
			TOTAL FOOD, BEVERAGE & TOBACCO						114,540
HEALTH CARE EQUIPMENT & SERVICES - 0.8%
	7,290,000		Baxter International, Inc		3.200		06/15/23		7,111
	3,900,000		Becton Dickinson & Co		1.750		11/08/16		3,987
	2,325,000		CHS/Community Health Systems		5.125		08/15/18		2,441
	7,150,000		Covidien International Finance S.A.		1.350		05/29/15		7,208
	3,800,000		Covidien International Finance S.A.		3.200		06/15/22		3,739
	6,500,000		Express Scripts Holding Co		2.100		02/12/15		6,583
	6,850,000		Express Scripts Holding Co		3.900		02/15/22		7,011
	4,500,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		4,787
	4,000,000	g	Fresenius Medical Care II		5.625		07/31/19		4,310
	4,560,000		HCA, Inc		6.500		02/15/20		5,107
	9,575,000		HCA, Inc		5.875		03/15/22		10,317
	5,000,000		HCA, Inc		5.875		05/01/23		5,144
	3,500,000	g	Mallinckrodt International Finance S.A.		3.500		04/15/18		3,448
	10,450,000		McKesson Corp		4.883		03/15/44		10,592
	1,695,000		Thermo Fisher Scientific, Inc		3.200		05/01/15		1,740
	1,750,000		Thermo Fisher Scientific, Inc		5.000		06/01/15		1,833
	6,125,000		Thermo Fisher Scientific, Inc		2.250		08/15/16		6,277
	2,700,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		2,689
	3,625,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		3,730
	7,125,000		Thermo Fisher Scientific, Inc		5.300		02/01/44		7,678
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						105,732
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	7,175,000		Clorox Co		3.800		11/15/21		7,393
	2,620,000		Colgate-Palmolive Co		2.300		05/03/22		2,492
	4,525,000		Ecolab, Inc		1.450		12/08/17		4,467
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						14,352
INSURANCE - 1.8%
	3,825,000		ACE INA Holdings, Inc		5.875		06/15/14		3,866
	6,560,000		Aetna, Inc		6.500		09/15/18		7,737
	1,925,000		Aetna, Inc		6.625		06/15/36		2,421
	6,200,000		Allstate Corp		3.150		06/15/23		6,091
	6,200,000		Allstate Corp		4.500		06/15/43		6,234
	8,900,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		8,750

318

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,000,000	g	CHS/Community Health Systems		5.125	%	08/01/21	$	1,025
	3,750,000		Chubb Corp		6.000		05/11/37		4,580
	1,390,000		CIGNA Corp		5.125		06/15/20		1,539
	6,900,000		CIGNA Corp		4.500		03/15/21		7,453
	25,500,000	g	Five Corners Funding Trust		4.419		11/15/23		26,131
	7,600,000		Hartford Financial Services Group, Inc		4.000		03/30/15		7,854
	4,500,000		Hartford Financial Services Group, Inc		4.000		10/15/17		4,836
	2,800,000		Lincoln National Corp		7.000		06/15/40		3,684
	5,250,000	g	MetLife Institutional Funding II		1.625		04/02/15		5,313
	7,675,000		MetLife, Inc		6.750		06/01/16		8,607
	2,000,000		MetLife, Inc		4.368		09/15/23		2,130
	11,050,000		MetLife, Inc		4.125		08/13/42		10,379
	9,500,000		MetLife, Inc		4.875		11/13/43		9,863
	2,825,000		Principal Financial Group, Inc		1.850		11/15/17		2,833
	5,000,000		Progressive Corp		3.750		08/23/21		5,245
	2,000,000		Prudential Financial, Inc		3.875		01/14/15		2,052
	4,200,000		Prudential Financial, Inc		2.300		08/15/18		4,208
	8,050,000		Prudential Financial, Inc		7.375		06/15/19		9,863
	8,000,000		Prudential Financial, Inc		5.400		06/13/35		8,683
	7,775,000		Prudential Financial, Inc		5.100		08/15/43		8,157
	8,650,000	i	Prudential Financial, Inc		5.200		03/15/44		8,585
	3,000,000	g	Prudential Funding LLC		6.750		09/15/23		3,659
	2,425,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		2,285
	6,100,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		5,692
	4,250,000		Travelers Cos, Inc		5.800		05/15/18		4,865
	7,875,000		UnitedHealth Group, Inc		0.850		10/15/15		7,909
	6,000,000		UnitedHealth Group, Inc		1.400		10/15/17		5,984
	7,450,000		UnitedHealth Group, Inc		3.950		10/15/42		6,744
	6,750,000		WellPoint, Inc		3.125		05/15/22		6,459
	7,850,000		WellPoint, Inc		4.625		05/15/42		7,573
	7,000,000		Willis Group Holdings plc		4.125		03/15/16		7,350
	2,400,000		WR Berkley Corp		5.375		09/15/20		2,639
			TOTAL INSURANCE						239,278
MATERIALS - 1.5%
	6,630,000		Air Products & Chemicals, Inc		4.375		08/21/19		7,241
	1,125,000		Airgas, Inc		4.500		09/15/14		1,144
	1,860,000		ArcelorMittal		4.250		08/05/15		1,916
	3,500,000		ArcelorMittal		5.000		02/25/17		3,714
	4,000,000		Ball Corp		5.750		05/15/21		4,270
	1,365,000		Ball Corp		5.000		03/15/22		1,399
	8,960,000		Ball Corp		4.000		11/15/23		8,378
	4,050,000		Barrick Gold Corp		4.100		05/01/23		3,842
	7,175,000		Barrick North America Finance LLC		4.400		05/30/21		7,230
	7,450,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		7,883
	5,000,000	g	Braskem Finance Ltd		5.750		04/15/21		4,994
	975,000		Braskem Finance Ltd		6.450		02/03/24		998
	3,000,000		Celanese US Holdings LLC		6.625		10/15/18		3,168
	2,300,000	g	Cemex Finance LLC		6.000		04/01/24		2,306
	3,175,000		CF Industries, Inc		7.125		05/01/20		3,775
	3,550,000		Corning, Inc		1.450		11/15/17		3,479
	5,100,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.875		11/03/21		5,130
	9,925,000		Crown Americas LLC		6.250		02/01/21		10,744

319

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	5,500,000		E.I. du Pont de Nemours & Co		3.250	%	01/15/15	$	5,617
	6,000,000		E.I. du Pont de Nemours & Co		4.625		01/15/20		6,614
	1,000,000		Eastman Chemical Co		5.500		11/15/19		1,127
	2,850,000	g	Fresnillo plc		5.500		11/13/23		2,864
	17,050,000	g	Glencore Funding LLC		2.500		01/15/19		16,464
	1,400,000		Greif, Inc		7.750		08/01/19		1,603
	13,016,000		International Paper Co		4.750		02/15/22		14,073
	4,250,000		International Paper Co		7.300		11/15/39		5,544
	3,000,000		LyondellBasell Industries NV		5.000		04/15/19		3,340
	6,840,000		Nucor Corp		4.000		08/01/23		6,822
	7,500,000		Rio Tinto Finance USA Ltd		2.250		09/20/16		7,711
	4,550,000		Rio Tinto Finance USA plc		2.250		12/14/18		4,550
	5,000,000		Rock Tenn Co		3.500		03/01/20		5,072
	3,000,000		Rock Tenn Co		4.000		03/01/23		3,016
	12,475,000		Sherwin-Williams Co		1.350		12/15/17		12,284
	4,625,000		Teck Resources Ltd		2.500		02/01/18		4,641
	9,950,000		Teck Resources Ltd		3.750		02/01/23		9,352
	1,940,000		Teck Resources Ltd		6.000		08/15/40		1,938
	3,950,000		Teck Resources Ltd		5.200		03/01/42		3,576
	4,550,000	g	Turkiye Sise ve Cam Fabrikalari AS.		4.250		05/09/20		4,175
			TOTAL MATERIALS						201,994
MEDIA - 1.5%
	1,250,000	g	CBS Outdoor Americas Capital LLC		5.625		02/15/24		1,281
	1,000,000		Cinemark USA, Inc		5.125		12/15/22		1,000
	4,275,000		Cinemark USA, Inc		4.875		06/01/23		4,109
	26,000,000		Comcast Corp		4.250		01/15/33		25,484
	5,175,000		DIRECTV Holdings LLC		3.800		03/15/22		5,121
	4,400,000		DIRECTV Holdings LLC		4.450		04/01/24		4,412
	8,725,000		Discovery Communications LLC		3.300		05/15/22		8,509
	3,250,000		DISH DBS Corp		4.250		04/01/18		3,392
	4,250,000		DISH DBS Corp		5.125		05/01/20		4,431
	2,050,000		DISH DBS Corp		5.000		03/15/23		2,065
	6,000,000		Grupo Televisa S.A.		6.000		05/15/18		6,729
	2,160,000		Lamar Media Corp		7.875		04/15/18		2,252
	1,850,000		Lamar Media Corp		5.875		02/01/22		1,961
	10,000,000		Lamar Media Corp		5.000		05/01/23		10,000
	5,000,000	g	Lamar Media Corp		5.375		01/15/24		5,125
	7,250,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		7,116
	7,700,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		7,530
	10,350,000		NBC Universal Media LLC		2.875		01/15/23		9,998
	2,105,000		News America, Inc		7.625		11/30/28		2,681
	1,578,000		News America, Inc		6.550		03/15/33		1,889
	3,575,000		News America, Inc		6.650		11/15/37		4,367
	3,800,000		News America, Inc		6.900		08/15/39		4,776
	3,315,000		Nielsen Finance LLC		7.750		10/15/18		3,543
	8,035,000		Nielsen Finance LLC		4.500		10/01/20		8,095
	5,675,000		Time Warner Cable, Inc		5.875		11/15/40		6,149
	5,500,000		Time Warner Cable, Inc		4.500		09/15/42		5,049
	3,000,000		Time Warner, Inc		3.150		07/15/15		3,098
	3,825,000		Time Warner, Inc		6.500		11/15/36		4,535
	10,525,000		Time Warner, Inc		4.900		06/15/42		10,563
	6,000,000		Time Warner, Inc		5.350		12/15/43		6,394

320

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,000,000	g	Univision Communications, Inc		5.125	%	05/15/23	$	7,158
	4,850,000		Viacom, Inc		1.250		02/27/15		4,879
	5,400,000		Viacom, Inc		2.500		12/15/16		5,596
	3,000,000		Viacom, Inc		3.500		04/01/17		3,178
	7,375,000		Viacom, Inc		5.850		09/01/43		8,104
			TOTAL MEDIA						200,569
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.4%
	1,100,000	g	Forest Laboratories, Inc		4.375		02/01/19		1,158
	7,975,000		Gilead Sciences, Inc		3.700		04/01/24		7,978
	9,025,000		Gilead Sciences, Inc		4.800		04/01/44		9,290
	3,140,000		Life Technologies Corp		3.500		01/15/16		3,272
	4,115,000		Mead Johnson Nutrition Co		4.900		11/01/19		4,496
	2,750,000		Mead Johnson Nutrition Co		5.900		11/01/39		3,146
	7,400,000		Mylan, Inc		2.550		03/28/19		7,321
	3,500,000	g	Mylan, Inc		7.875		07/15/20		3,923
	1,750,000		NBTY, Inc		9.000		10/01/18		1,881
	2,925,000	g	Perrigo Co Ltd		4.000		11/15/23		2,924
	2,800,000	g	Perrigo Co Ltd		5.300		11/15/43		2,947
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						48,336
REAL ESTATE - 0.9%
	2,310,000		AMB Property LP		4.500		08/15/17		2,499
	2,000,000		Brandywine Operating Partnership LP		5.400		11/01/14		2,050
	3,965,000		Camden Property Trust		4.625		06/15/21		4,263
	3,000,000		Camden Property Trust		2.950		12/15/22		2,822
	5,175,000	g	DCT Industrial Operating Partnership LP		4.500		10/15/23		5,161
	6,800,000		Developers Diversified Realty Corp		4.750		04/15/18		7,372
	3,460,000		Developers Diversified Realty Corp		7.875		09/01/20		4,297
	255,000		Federal Realty Investment Trust		5.650		06/01/16		280
	700,000		Federal Realty Investment Trust		5.900		04/01/20		808
	2,225,000		Federal Realty Investment Trust		3.000		08/01/22		2,155
	7,675,000		Federal Realty Investment Trust		2.750		06/01/23		7,173
	2,775,000		Healthcare Realty Trust, Inc		5.750		01/15/21		3,074
	1,625,000		Healthcare Realty Trust, Inc		3.750		04/15/23		1,546
	3,550,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		3,381
	1,600,000		Highwoods Properties, Inc		5.850		03/15/17		1,780
	6,920,000		Highwoods Realty LP		3.625		01/15/23		6,550
	9,205,000		Kilroy Realty LP		3.800		01/15/23		8,973
	6,400,000		Liberty Property LP		4.125		06/15/22		6,491
	3,600,000		Mid-America Apartments LP		4.300		10/15/23		3,632
	4,000,000		National Retail Properties, Inc		5.500		07/15/21		4,467
	5,425,000		National Retail Properties, Inc		3.300		04/15/23		5,118
	2,325,000		Regency Centers LP		5.250		08/01/15		2,453
	225,000		Regency Centers LP		5.875		06/15/17		252
	800,000		Simon Property Group LP		5.250		12/01/16		880
	4,150,000		Simon Property Group LP		2.800		01/30/17		4,326
	3,040,000		Simon Property Group LP		10.350		04/01/19		4,114
	1,850,000	g	Trust F		5.250		12/15/24		1,845
	1,360,000		Ventas Realty LP		3.125		11/30/15		1,411
	8,050,000		Ventas Realty LP		2.000		02/15/18		8,032
	3,375,000		Ventas Realty LP		2.700		04/01/20		3,285
	2,175,000		Ventas Realty LP		3.250		08/15/22		2,096

321

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	4,800,000		Weingarten Realty Investors		3.500	%	04/15/23	$	4,531
	3,025,000		Weingarten Realty Investors		4.450		01/15/24		3,054
			TOTAL REAL ESTATE						120,171
RETAILING - 0.7%
	6,600,000		AmeriGas Finance LLC		3.750		05/01/21		6,451
	3,000,000		AmeriGas Partners LP		6.250		08/20/19		3,225
	5,750,000		AutoNation, Inc		5.500		02/01/20		6,239
	8,325,000	g	Avis Budget Rental Car Funding AESOP LLC		2.802		05/20/18		8,610
	6,125,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		5,372
	6,125,000		Home Depot, Inc		2.250		09/10/18		6,193
	3,150,000		Limited Brands, Inc		7.000		05/01/20		3,591
	8,105,000		Limited Brands, Inc		5.625		02/15/22		8,561
	8,075,000		Macy’s Retail Holdings, Inc		2.875		02/15/23		7,561
	8,315,000		O’Reilly Automotive, Inc		4.625		09/15/21		8,838
	4,550,000		O’Reilly Automotive, Inc		3.800		09/01/22		4,478
	2,000,000	g	QVC, Inc		7.500		10/01/19		2,128
	2,475,000		QVC, Inc		5.125		07/02/22		2,568
	4,400,000		QVC, Inc		4.375		03/15/23		4,336
	1,275,000		Sonic Automotive, Inc		5.000		05/15/23		1,251
	5,000,000		Wal-Mart Stores, Inc		2.550		04/11/23		4,700
	3,900,000	g	WEX, Inc		4.750		02/01/23		3,666
			TOTAL RETAILING						87,768
SOFTWARE & SERVICES - 0.2%
	3,500,000	g	Activision Blizzard, Inc		5.625		09/15/21		3,745
	3,000,000	g	Audatex North America, Inc		6.000		06/15/21		3,202
	2,075,000		Equinix, Inc		4.875		04/01/20		2,122
	11,500,000		Fidelity National Information Services, Inc		5.000		03/15/22		12,030
	3,075,000		NCR Corp		4.625		02/15/21		3,090
	525,000	g	NCR Escrow Corp		5.875		12/15/21		553
	3,925,000		Oracle Corp		3.750		07/08/14		3,960
			TOTAL SOFTWARE & SERVICES						28,702
TECHNOLOGY HARDWARE & EQUIPMENT - 1.2%
	4,000,000		Amphenol Corp		4.750		11/15/14		4,100
	1,000,000		Brocade Communications Systems, Inc		6.875		01/15/20		1,069
	1,975,000		CC Holdings GS V LLC		2.381		12/15/17		1,975
	10,675,000		Cisco Systems, Inc		2.125		03/01/19		10,627
	5,962,000		Flextronics International Ltd		4.625		02/15/20		6,014
	38,125,000		General Electric Co		0.850		10/09/15		38,297
	3,300,000		General Electric Co		5.250		12/06/17		3,740
	11,950,000		General Electric Co		2.700		10/09/22		11,582
	5,325,000		General Electric Co		4.125		10/09/42		5,117
	20,300,000		General Electric Co		4.500		03/11/44		20,615
	10,100,000		Hewlett-Packard Co		2.750		01/14/19		10,167
	3,625,000		Hewlett-Packard Co		3.750		12/01/20		3,682
	6,480,000		Jabil Circuit, Inc		5.625		12/15/20		6,861
	7,776,000		Jabil Circuit, Inc		4.700		09/15/22		7,689
	2,000,000		L-3 Communications Corp		4.950		02/15/21		2,142
	4,625,000	g	NXP BV		3.750		06/01/18		4,648
	5,000,000		Scientific Games International, Inc		6.250		09/01/20		5,250
	5,050,000		Tyco Electronics Group S.A.		2.375		12/17/18		4,997

322

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	3,600,000		Xerox Corp		8.250	%	05/15/14	$	3,630
	2,725,000		Xerox Corp		4.500		05/15/21		2,872
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						155,074
TELECOMMUNICATION SERVICES - 2.0%
	2,870,000		America Movil SAB de C.V.		2.375		09/08/16		2,953
	3,500,000		America Movil SAB de C.V.		3.125		07/16/22		3,339
	7,500,000		American Tower Corp		3.500		01/31/23		7,092
	2,500,000		AT&T, Inc		2.500		08/15/15		2,562
	21,350,000		AT&T, Inc		1.400		12/01/17		21,124
	8,200,000		AT&T, Inc		2.625		12/01/22		7,624
	13,125,000		BellSouth Corp		5.200		09/15/14		13,407
	6,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		6,459
	5,525,000		British Telecommunications plc		1.625		06/28/16		5,597
	4,825,000		CenturyLink, Inc		6.750		12/01/23		5,121
	4,000,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		4,091
	4,000,000		Deutsche Telekom International Finance BV		8.750		06/15/30		5,773
	3,625,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		3,646
	3,500,000	g	ENTEL Chile S.A.		4.875		10/30/24		3,528
	4,025,000	g	Intelsat Jackson Holdings S.A.		5.500		08/01/23		3,945
	4,000,000	g	Oi S.A.		5.750		02/10/22		3,830
	2,050,000	g	SES		3.600		04/04/23		1,987
	3,450,000	g	SES Global Americas Holdings GP		2.500		03/25/19		3,429
	4,275,000	g	SK Telecom Co Ltd		2.125		05/01/18		4,233
	7,475,000	g	Sprint Corp		7.250		09/15/21		8,148
	1,225,000		Sprint Nextel Corp		6.000		12/01/16		1,343
	11,100,000		Telefonica Emisiones SAU		3.992		02/16/16		11,639
	11,850,000		Telefonica Emisiones SAU		4.570		04/27/23		12,102
	4,500,000		Telefonos de Mexico SAB de C.V.		5.500		11/15/19		5,015
	21,600,000		Verizon Communications, Inc		0.700		11/02/15		21,614
	13,900,000		Verizon Communications, Inc		3.650		09/14/18		14,797
	5,625,000		Verizon Communications, Inc		2.550		06/17/19		5,658
	9,275,000		Verizon Communications, Inc		3.450		03/15/21		9,402
	22,425,000		Verizon Communications, Inc		5.150		09/15/23		24,540
	5,625,000		Verizon Communications, Inc		4.150		03/15/24		5,715
	10,550,000		Verizon Communications, Inc		3.850		11/01/42		8,833
	24,300,000		Verizon Communications, Inc		6.550		09/15/43		29,572
	735,000		Windstream Corp		8.125		09/01/18		781
			TOTAL TELECOMMUNICATION SERVICES						268,899
TRANSPORTATION - 0.5%
	1,800,000	g	Asciano Finance Ltd		3.125		09/23/15		1,846
	5,730,000	g	Asciano Finance Ltd		5.000		04/07/18		6,153
	1,000,000	g	DP World Ltd		6.850		07/02/37		1,081
	6,695,000	g	Embraer Overseas Ltd		5.696		09/16/23		6,946
	3,900,000	g	ERAC USA Finance LLC		3.300		10/15/22		3,744
	4,150,000	g	ERAC USA Finance LLC		5.625		03/15/42		4,534
	6,311,000		GATX Corp		1.250		03/04/17		6,275
	7,150,000		GATX Corp		2.500		07/30/19		7,065
	5,900,000		GATX Corp		5.200		03/15/44		6,066
	4,075,000		Kansas City Southern de Mexico S.A. de C.V.		2.350		05/15/20		3,844
	6,400,000	g	Kansas City Southern Railway		4.300		05/15/43		5,802
	2,625,000		Northrop Grumman Corp		1.750		06/01/18		2,582

323

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,750,000		United Parcel Service, Inc		3.125	%	01/15/21	$	7,946
	4,900,000		United Parcel Service, Inc		3.625		10/01/42		4,363
			TOTAL TRANSPORTATION						68,247
UTILITIES - 3.4%
	1,325,000	g	Abu Dhabi National Energy Co		2.500		01/12/18		1,344
	6,225,000		AES Corp		4.875		05/15/23		5,945
	1,500,000		AES Corp		5.500		03/15/24		1,489
	6,325,000		AGL Capital Corp		4.400		06/01/43		6,186
	5,150,000		Alabama Power Co		3.550		12/01/23		5,190
	8,435,000		Alliant Energy Corp		4.000		10/15/14		8,587
	15,000,000		American Electric Power Co, Inc		1.650		12/15/17		14,904
	6,000,000		American Electric Power Co, Inc		2.950		12/15/22		5,722
	1,667,000		Arizona Public Service Co		5.050		09/01/41		1,826
	5,500,000		Atmos Energy Corp		8.500		03/15/19		7,018
	7,150,000		Atmos Energy Corp		4.150		01/15/43		6,864
	6,225,000		Black Hills Corp		4.250		11/30/23		6,412
	1,599,000	g	Calpine Corp		7.500		02/15/21		1,747
	4,750,000		Carolina Power & Light Co		5.300		01/15/19		5,403
	2,750,000		Carolina Power & Light Co		5.700		04/01/35		3,185
	3,670,000		CenterPoint Energy Resources Corp		4.500		01/15/21		3,965
	3,550,000		CenterPoint Energy Resources Corp		6.250		02/01/37		4,173
	3,500,000	g	CEZ AS.		4.250		04/03/22		3,558
	5,150,000		CLP Power Hong Kong Financing Ltd		3.375		10/26/27		4,536
	2,500,000		CMS Energy Corp		5.050		02/15/18		2,770
	5,450,000		CMS Energy Corp		4.700		03/31/43		5,428
	2,500,000	g	Comision Federal de Electricidad		4.875		05/26/21		2,606
	1,700,000	g	Comision Federal de Electricidad		4.875		01/15/24		1,726
	875,000	g	Comision Federal de Electricidad		5.750		02/14/42		853
	3,055,000		Commonwealth Edison Co		4.000		08/01/20		3,260
	4,200,000		Commonwealth Edison Co		5.900		03/15/36		5,097
	2,750,000		Connecticut Light & Power Co		5.500		02/01/19		3,143
	9,050,000		Consolidated Edison Co of New York, Inc		3.950		03/01/43		8,227
	4,250,000		Consolidated Natural Gas Co		5.000		12/01/14		4,376
	3,650,000	g	Dominion Gas Holdings LLC		3.550		11/01/23		3,602
	4,250,000	g	Dominion Gas Holdings LLC		4.800		11/01/43		4,334
	1,400,000		Duke Energy Carolinas LLC		4.300		06/15/20		1,524
	3,375,000		Duke Energy Ohio, Inc		3.800		09/01/23		3,495
	7,100,000	g,i	Electricite de France		5.625		12/30/49		7,158
	3,000,000	g	Eskom Holdings Ltd		5.750		01/26/21		3,060
	8,800,000		Florida Power & Light Co		2.750		06/01/23		8,498
	2,000,000		Florida Power Corp		6.400		06/15/38		2,579
	3,500,000		FPL Group Capital, Inc		2.600		09/01/15		3,584
	3,000,000		Georgia Power Co		5.400		06/01/40		3,340
	2,000,000		Georgia Power Co		4.300		03/15/42		1,932
	1,800,000	g	Hrvatska Elektroprivreda		6.000		11/09/17		1,872
	5,000,000		Indiana Michigan Power Co		7.000		03/15/19		6,007
	2,725,000		Integrys Energy Group, Inc		4.170		11/01/20		2,854
	3,350,000	g	Israel Electric Corp Ltd		6.700		02/10/17		3,645
	3,000,000	g	Israel Electric Corp Ltd		5.625		06/21/18		3,165
	1,000,000	g	Kansas Gas & Electric		6.700		06/15/19		1,203
	625,000	g	KazMunayGas National Co JSC		4.400		04/30/23		589
	2,825,000		Kinder Morgan Energy Partners LP		9.000		02/01/19		3,577

324

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,850,000	g	Korea Hydro & Nuclear Power Co Ltd		3.125	%	09/16/15	$	1,905
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,525
	5,000,000		LG&E and KU Energy LLC		3.750		11/15/20		5,138
	8,000,000	g	MidAmerican Energy Holdings Co		5.150		11/15/43		8,524
	2,800,000		Nevada Power Co		6.500		08/01/18		3,313
	3,335,000		Nevada Power Co		5.450		05/15/41		3,854
	3,500,000		NiSource Finance Corp		4.800		02/15/44		3,352
	3,375,000		Northeast Utilities		1.450		05/01/18		3,275
	7,800,000		NSTAR Electric Co		4.400		03/01/44		7,831
	2,500,000		NTPC Ltd		5.625		07/14/21		2,602
	1,000,000		NTPC Ltd		4.750		10/03/22		973
	2,850,000		Oncor Electric Delivery Co LLC		5.250		09/30/40		3,106
	8,400,000		Oncor Electric Delivery Co LLC		4.550		12/01/41		8,365
	4,850,000		ONEOK Partners LP		3.375		10/01/22		4,676
	3,900,000		Pacific Gas & Electric Co		8.250		10/15/18		4,855
	8,875,000		Pacific Gas & Electric Co		3.850		11/15/23		8,950
	6,375,000		PacifiCorp		2.950		02/01/22		6,294
	4,825,000		Pepco Holdings, Inc		2.700		10/01/15		4,933
	6,750,000		PG&E Corp		5.750		04/01/14		6,750
	750,000		Potomac Electric Power Co		7.900		12/15/38		1,121
	6,925,000		PPL Capital Funding, Inc		4.200		06/15/22		7,180
	2,000,000		PPL Electric Utilities Corp		3.000		09/15/21		2,010
	3,825,000		Progress Energy, Inc		7.050		03/15/19		4,579
	4,625,000		Public Service Co of Colorado		3.200		11/15/20		4,750
	8,800,000		Public Service Co of Oklahoma		5.150		12/01/19		9,787
	2,640,000		Public Service Electric & Gas Co		5.300		05/01/18		2,990
	5,000,000		Public Service Electric & Gas Co		3.500		08/15/20		5,220
	11,475,000		Public Service Electric & Gas Co		2.375		05/15/23		10,598
	2,940,000		QEP Resources, Inc		5.375		10/01/22		2,955
	1,250,000		Questar Market Resources, Inc		6.875		03/01/21		1,375
	2,300,000		Sabine Pass LNG LP		6.500		11/01/20		2,415
	4,275,000		San Diego Gas & Electric Co		3.000		08/15/21		4,302
	32,000,000		Santander Drive Auto Receivables Trust 2014-		0.660		06/15/17		32,020
	3,000,000		Sempra Energy		2.300		04/01/17		3,067
	7,425,000		Southern California Edison Co		4.650		10/01/43		7,760
	2,325,000		Tampa Electric Co		4.100		06/15/42		2,211
	5,950,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		5,415
	3,680,000		Virginia Electric and Power Co		2.950		01/15/22		3,633
	3,000,000		Williams Partners LP		3.800		02/15/15		3,081
	5,075,000		Williams Partners LP		4.000		11/15/21		5,160
	7,250,000		Williams Partners LP		4.500		11/15/23		7,418
	6,000,000		Williams Partners LP		5.400		03/04/44		6,157
	14,000,000	g	WPD Investment Holdings Ltd		3.900		05/01/16		14,705
	4,000,000		Xcel Energy, Inc		4.800		09/15/41		4,114
			TOTAL UTILITIES						445,802
			TOTAL CORPORATE BONDS						4,322,347
			(Cost $4,230,931)
GOVERNMENT BONDS -  51.3%
AGENCY SECURITIES - 2.8%
	16,757,997		AMAL Ltd		3.465		08/21/21		17,654

325

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	3,000,000		Amber Circle Funding Ltd		3.250	%	12/04/22	$	2,764
	4,336,265		Cal Dive I- Title XI, Inc		4.930		02/01/27		4,663
	20,000,000		Federal Home Loan Mortgage Corp (FHLMC)		3.000		07/28/14		20,184
	35,000,000		Federal National Mortgage Association (FNMA)		2.625		11/20/14		35,553
	5,000,000		International Bank for Reconstruction & Development		0.500		04/15/16		4,999
	24,755,000		Lutheran Medical Center		1.982		02/20/30		23,007
	982,681		National Credit Union Administration		1.840		10/07/20		991
	16,435,813		Premier Aircraft Leasing		3.576		02/06/22		17,379
	10,000,000		Private Export Funding Corp (PEFCO)		3.050		10/15/14		10,141
	7,000,000		PEFCO		4.550		05/15/15		7,338
	15,000,000		PEFCO		2.125		07/15/16		15,517
	34,000,000		PEFCO		1.375		02/15/17		34,266
	17,000,000		PEFCO		5.450		09/15/17		19,316
	10,000,000		PEFCO		2.250		12/15/17		10,358
	5,000,000		PEFCO		4.375		03/15/19		5,564
	17,300,000		PEFCO		1.450		08/15/19		16,636
	35,000,000		PEFCO		4.300		12/15/21		38,855
	30,000,000		PEFCO		2.050		11/15/22		27,730
	2,521,875		Totem Ocean Trailer Express, Inc		4.514		12/18/19		2,637
	62,753,000		Tunisia Government AID Bonds		1.686		07/16/19		61,199
	3,000,000		United States Department of Housing and Urban Development (HUD)		5.380		08/01/18		3,331
	15,000,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		15,153
			TOTAL AGENCY SECURITIES						395,235
FOREIGN GOVERNMENT BONDS - 6.2%
	4,300,000	g	Barbados Government International Bond		7.000		08/04/22		3,805
	3,800,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		3,676
	1,210,000		Brazilian Government International Bond		5.875		01/15/19		1,361
	2,500,000		Brazilian Government International Bond		4.250		01/07/25		2,419
	825,000		Brazilian Government International Bond		7.125		01/20/37		989
	2,000,000		Brazilian Government International Bond		5.625		01/07/41		2,026
	1,900,000	g	Caisse d’Amortissement de la Dette Sociale		1.125		01/30/17		1,903
	10,000,000	g	Caisse d’Amortissement de la Dette Sociale		2.000		04/17/20		9,694
	2,900,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		2,887
	12,200,000		Canada Government International Bond		2.375		09/10/14		12,321
	25,275,000		Canada Government International Bond		0.875		02/14/17		25,261
	3,630,000		Chile Government International Bond		3.875		08/05/20		3,857
	740,000		Chile Government International Bond		2.250		10/30/22		677
	2,675,000		Colombia Government International Bond		4.375		07/12/21		2,782
	1,775,000		Colombia Government International Bond		2.625		03/15/23		1,597
	4,450,000		Colombia Government International Bond		4.000		02/26/24		4,406
	1,500,000		Colombia Government International Bond		6.125		01/18/41		1,680
	3,150,000	g	Croatia Government International Bond		6.375		03/24/21		3,394
	2,325,000	g	Croatia Government International Bond		5.500		04/04/23		2,349
	32,500,000		European Investment Bank		1.125		04/15/15		32,794
	10,000,000		European Investment Bank		2.500		04/15/21		9,939
	3,500,000		European Investment Bank		4.875		02/15/36		4,023
	15,350,000		Export Development Canada		2.250		05/28/15		15,696
	5,825,000		Export-Import Bank of Korea		1.250		11/20/15		5,860
	4,200,000		Export-Import Bank of Korea		4.375		09/15/21		4,498
	3,000,000		Federative Republic of Brazil		6.000		01/17/17		3,333
	1,040,000		Hungary Government International Bond		4.000		03/25/19		1,033

326

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,700,000		Hungary Government International Bond		5.750	%	11/22/23	$	2,788
	1,100,000		Hungary Government International Bond		5.375		03/25/24		1,102
	40,200,000		Hydro Quebec		1.375		06/19/17		40,346
	4,400,000		Italy Government International Bond		5.375		06/12/17		4,823
	1,610,000		Italy Government International Bond		6.875		09/27/23		1,952
	5,380,000	g	Japan Finance Organization for Municipalities		2.125		03/06/19		5,351
	18,750,000		KFW		2.625		01/25/22		18,581
	13,000,000	g	Kommunalbanken AS.		1.375		06/08/17		13,067
	5,800,000	g,i	Kommunalbanken AS.		0.415		02/20/18		5,793
	2,400,000		Korea Development Bank		1.500		01/22/18		2,348
	3,670,000	g	Korea Housing Finance Corp		3.500		12/15/16		3,896
	6,000,000	g	Korea Housing Finance Corp		1.625		09/15/18		5,790
	50,000,000		Mexican Bonos		7.750		12/14/17		4,220
	1,000,000		Mexico Government International Bond		5.625		01/15/17		1,113
	2,900,000		Mexico Government International Bond		6.750		09/27/34		3,538
	1,500,000		Mexico Government International Bond		6.050		01/11/40		1,706
	1,500,000		Mexico Government International Bond		4.750		03/08/44		1,425
	3,600,000	g	Namibia International Bonds		5.500		11/03/21		3,771
	5,000,000	g	Nederlandse Waterschapsbank NV		2.125		02/09/17		5,142
	43,950,000		North American Development Bank		2.400		10/26/22		41,065
	10,300,000		Panama Government International Bond		5.200		01/30/20		11,402
	1,000,000		Peruvian Government International Bond		7.125		03/30/19		1,206
	1,200,000		Peruvian Government International Bond		7.350		07/21/25		1,544
	1,250,000		Peruvian Government International Bond		6.550		03/14/37		1,503
	4,175,000		Philippine Government International Bond		4.200		01/21/24		4,311
	1,850,000		Poland Government International Bond		6.375		07/15/19		2,171
	6,167,000		Poland Government International Bond		5.125		04/21/21		6,810
	1,135,000		Poland Government International Bond		3.000		03/17/23		1,061
	25,000,000	g	Province of Alberta Canada		1.000		06/21/17		24,910
	13,825,000		Province of British Columbia Canada		2.850		06/15/15		14,249
	21,000,000		Province of British Columbia Canada		1.200		04/25/17		21,083
	15,000,000		Province of British Columbia Canada		2.000		10/23/22		13,938
	20,000,000		Province of Manitoba Canada		1.375		04/28/14		20,017
	20,750,000		Province of Manitoba Canada		1.750		05/30/19		20,415
	20,000,000		Province of New Brunswick Canada		2.750		06/15/18		20,753
	12,000,000		Province of Nova Scotia Canada		2.375		07/21/15		12,290
	27,400,000		Province of Ontario Canada		4.100		06/16/14		27,619
	24,250,000		Province of Ontario Canada		2.950		02/05/15		24,794
	35,525,000		Province of Ontario Canada		2.700		06/16/15		36,531
	24,000,000		Province of Ontario Canada		2.300		05/10/16		24,829
	2,250,000		Province of Quebec Canada		5.125		11/14/16		2,495
	8,835,000		Province of Quebec Canada		4.625		05/14/18		9,865
	22,500,000		Province of Quebec Canada		3.500		07/29/20		23,652
	20,000,000		Province of Quebec Canada		2.750		08/25/21		19,637
	6,000,000		Province of Quebec Canada		7.500		09/15/29		8,305
	5,175,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		5,196
	1,300,000	g	Republic of Serbia		5.250		11/21/17		1,349
	1,510,492	i	Republic of Serbia		6.750		11/01/24		1,516
	1,225,000	g	Republic of Trinidad & Tobago		4.375		01/16/24		1,281
	4,500,000		Republic of Turkey		7.500		07/14/17		5,059
	1,650,000		Republic of Turkey		6.000		01/14/41		1,621
	2,400,000	g	Romanian Government International Bond		6.750		02/07/22		2,796
	1,550,000	g	Romanian Government International Bond		4.875		01/22/24		1,566

327

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	3,900,000	g	Russian Foreign Bond - Eurobond		3.250	%	04/04/17	$	3,968
	3,375,000	g	Russian Foreign Bond - Eurobond		5.000		04/29/20		3,510
	3,775,000	g	Slovenia Government International Bond		4.125		02/18/19		3,903
	1,002,000		South Africa Government International Bond		6.875		05/27/19		1,155
	3,500,000		South Africa Government International Bond		5.500		03/09/20		3,801
	3,125,000		South Africa Government International Bond		5.875		09/16/25		3,359
	41,500,000		Spain Government Bond		3.750		10/31/18		62,259
	3,000,000	g	Sri Lanka Government International Bond		6.000		01/14/19		3,139
	1,900,000	g	Sri Lanka Government International Bond		6.250		10/04/20		1,990
	1,630,000	g	Sri Lanka Government International Bond		6.250		07/27/21		1,697
	7,680,000		Svensk Exportkredit AB		5.125		03/01/17		8,568
	4,000,000		Svensk Exportkredit AB		1.125		04/05/18		3,919
	8,000,000		Turkey Government International Bond		6.750		04/03/18		8,816
	7,050,000		Turkey Government International Bond		5.750		03/22/24		7,293
	3,500,000		United Mexican States		5.950		03/19/19		4,069
	500,000		United Mexican States		5.125		01/15/20		556
	1,732,000		Uruguay Government International Bond		4.500		08/14/24		1,775
			TOTAL FOREIGN GOVERNMENT BONDS						831,628
MORTGAGE BACKED - 24.1%
	5,000,000		Federal Home Loan Mortgage Corp (FHLMC)		3.000		02/15/26		4,991
	2,307,753	i	FHLMC		2.380		02/01/36		2,455
	4,673,524	i	FHLMC		2.561		07/01/36		4,994
	2,452,106	i	FHLMC		2.255		09/01/36		2,636
	1,755,316	i	FHLMC		2.358		09/01/36		1,863
	2,344,286	i	FHLMC		2.366		09/01/36		2,519
	3,008,946	i	FHLMC		2.420		09/01/36		3,212
	1,224,357	i	FHLMC		2.512		02/01/37		1,298
	5,484,596	i	FHLMC		2.486		03/01/37		5,821
	2,359,361	i	FHLMC		6.010		04/01/37		2,499
	43,928	i	FHLMC		6.080		05/01/37		46
	2,803,600	i	FHLMC		2.500		06/01/37		2,991
	2,754,610	i	FHLMC		2.616		08/01/37		2,923
	2,740,413	i	FHLMC		1.702		09/01/37		2,879
	26,445,000		FHLMC		4.000		12/15/38		27,669
	24,000,000	h	FHLMC		4.000		04/01/44		25,395
	247,063		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		257
	1,716,856		FGLMC		5.000		09/01/18		1,821
	829,511		FGLMC		5.500		01/01/19		899
	248,417		FGLMC		4.000		06/01/19		263
	912,216		FGLMC		4.500		01/01/20		965
	835,854		FGLMC		4.500		07/01/20		893
	535,919		FGLMC		4.500		08/01/20		568
	132,363		FGLMC		7.000		10/01/20		143
	2,461,545		FGLMC		4.500		06/01/21		2,609
	7,037,811		FGLMC		4.500		06/01/21		7,459
	863,113		FGLMC		5.000		04/01/23		933
	24,350		FGLMC		7.000		05/01/23		28
	265,444		FGLMC		6.000		10/01/23		298
	218,184		FGLMC		6.000		11/01/23		242
	3,297,041		FGLMC		4.000		07/01/24		3,491
	1,071,405		FGLMC		4.500		09/01/24		1,147
	44,563		FGLMC		8.000		01/01/31		51

328

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	82,436		FGLMC		7.000	%	12/01/31	$	86
	6,162		FGLMC		7.000		01/01/32		6
	204,493		FGLMC		8.000		02/01/32		235
	1,729,235		FGLMC		4.500		07/01/33		1,849
	2,146,356		FGLMC		5.500		12/01/33		2,394
	3,964,391		FGLMC		5.500		12/01/33		4,397
	10,232,339		FGLMC		7.000		12/01/33		11,692
	13,487,408		FGLMC		5.000		01/01/34		14,709
	4,960,011		FGLMC		4.500		10/01/34		5,307
	2,275,623		FGLMC		4.500		04/01/35		2,432
	3,709,925		FGLMC		7.000		05/01/35		4,239
	845,338		FGLMC		5.000		02/01/36		919
	68,264		FGLMC		6.500		05/01/36		76
	21,402,432		FGLMC		4.000		12/15/37		22,466
	4,652,812		FGLMC		5.000		04/01/38		5,080
	3,706,807		FGLMC		5.000		07/01/39		4,026
	16,731,036		FGLMC		4.500		11/01/40		18,022
	19,278,820		FGLMC		4.500		12/01/40		20,727
	64,000,000	h	FGLMC		3.500		04/15/44		64,310
	45,000,000	h	FGLMC		4.500		04/15/44		47,967
	101,000,000	h	FGLMC		4.000		05/15/44		104,413
	55,000,000	h	FGLMC		4.500		05/15/44		58,429
	412,654		Federal National Mortgage Association (FNMA)		4.962		01/01/15		411
	44,814		FNMA		7.500		02/01/15		46
	97,868		FNMA		7.500		04/01/15		100
	147,355		FNMA		7.500		04/01/15		151
	12,409		FNMA		6.500		03/01/16		14
	5,509		FNMA		6.500		04/01/16		6
	96,807		FNMA		6.500		10/01/16		100
	117,525		FNMA		6.500		11/01/16		123
	262,125		FNMA		6.500		02/01/18		277
	2,054,789		FNMA		5.500		04/01/18		2,200
	292,458		FNMA		6.500		04/01/18		310
	99,848		FNMA		6.000		01/01/19		111
	23,992		FNMA		6.000		02/01/19		27
	1,253,626		FNMA		5.500		07/01/20		1,364
	470,295		FNMA		4.500		11/01/20		498
	1,169,627		FNMA		5.500		08/01/21		1,272
	833,770		FNMA		4.500		03/01/23		885
	78,960		FNMA		8.000		03/01/23		88
	1,506,518		FNMA		4.500		06/01/23		1,597
	2,231,559		FNMA		5.000		07/01/23		2,404
	1,157,432		FNMA		5.000		12/01/23		1,260
	388,023		FNMA		5.500		02/01/24		428
	1,656,370		FNMA		4.000		05/01/24		1,754
	25,346,579		FNMA		2.500		06/25/24		25,999
	754,741		FNMA		5.500		07/01/24		832
	147,464		FNMA		8.000		07/01/24		171
	1,322,716		FNMA		4.500		08/01/24		1,402
	1,006,588		FNMA		5.500		08/01/24		1,110
	6,518,647		FNMA		4.000		09/01/24		6,903
	2,884,505		FNMA		5.000		10/01/25		3,141
	31,179		FNMA		9.000		11/01/25		36

329

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	9,739,351		FNMA		3.000	%	05/01/27	$	10,023
	18,000,000	h	FNMA		2.500		04/25/29		17,986
	40,000,000	h	FNMA		3.000		04/25/29		41,087
	109,000,000	h	FNMA		3.500		04/25/29		114,280
	45,000,000	h	FNMA		4.000		04/25/29		47,579
	15,000,000	h	FNMA		2.500		05/25/29		14,948
	41,000,000	h	FNMA		3.000		05/25/29		41,999
	31,000,000	h	FNMA		2.500		06/25/29		30,801
	48,727,715		FNMA		3.000		03/25/31		50,358
	1,967,874		FNMA		6.500		07/01/32		2,225
	168,049		FNMA		7.000		07/01/32		188
	177,893		FNMA		7.000		07/01/32		193
	1,603,689		FNMA		4.500		03/25/33		1,669
	11,722,974		FNMA		3.000		10/01/33		11,703
	1,839,979		FNMA		4.500		10/01/33		1,969
	3,523,809		FNMA		5.000		11/01/33		3,902
	199,569		FNMA		5.000		11/01/33		221
	29,644,828		FNMA		4.000		01/01/34		31,185
	7,572,569		FNMA		3.500		03/25/34		7,501
	13,699,907		FNMA		5.500		02/01/35		15,222
	3,200,511		FNMA		4.500		05/01/35		3,421
	70,273		FNMA		7.500		06/01/35		77
	1,628,942	i	FNMA		2.261		02/01/36		1,741
	1,265,992	i	FNMA		2.379		07/01/36		1,366
	83,174		FNMA		6.500		03/01/37		93
	2,082,040		FNMA		6.000		09/01/37		2,348
	2,098,320		FNMA		6.000		09/01/37		2,348
	2,046,503		FNMA		6.500		09/01/37		2,296
	5,250,627	i	FNMA		2.400		10/01/37		5,620
	85,587		FNMA		6.500		02/01/38		96
	1,850,946	i	FNMA		2.023		10/01/38		1,973
	10,524,834		FNMA		5.500		12/01/38		11,756
	20,870,019		FNMA		4.000		02/01/39		21,688
	6,205,678		FNMA		4.000		04/01/39		6,475
	23,977,312		FNMA		4.000		04/25/39		25,392
	49,667,904		FNMA		4.000		06/25/39		52,426
	7,944,925		FNMA		5.500		08/01/39		8,790
	1,415,858		FNMA		6.000		10/01/40		1,581
	938,013	h	FNMA		3.500		01/01/41		944
	15,160,040	h	FNMA		3.500		03/01/41		15,263
	3,878,581	h	FNMA		3.500		11/01/41		3,905
	3,344,799	h	FNMA		3.500		11/01/41		3,368
	5,795,584		FNMA		4.000		12/01/41		6,047
	2,871,208	h	FNMA		3.500		01/01/42		2,894
	10,000,000		FNMA		4.000		01/25/42		10,366
	25,238,846	h	FNMA		3.000		10/01/42		24,392
	14,886,759		FNMA		3.500		10/01/42		14,987
	869,839		FNMA		3.500		12/01/42		867
	13,031,152		FNMA		3.000		01/01/43		12,594
	26,579,820		FNMA		3.000		01/01/43		25,452
	28,480,830		FNMA		3.000		01/01/43		27,525
	4,804,178	h	FNMA		3.500		01/01/43		4,837
	16,934,702		FNMA		3.000		02/01/43		16,366

330

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	4,734,925		FNMA		3.000	%	02/01/43	$	4,580
	36,414,844		FNMA		3.000		02/01/43		35,193
	7,102,951		FNMA		3.500		02/01/43		7,164
	3,630,056		FNMA		3.500		02/01/43		3,618
	4,631,562		FNMA		3.500		03/01/43		4,616
	11,304,813		FNMA		3.000		05/01/43		10,931
	1,807,119		FNMA		3.500		05/01/43		1,822
	1,108,923		FNMA		3.500		05/01/43		1,118
	1,069,707		FNMA		3.500		05/01/43		1,079
	886,952		FNMA		3.500		06/01/43		894
	2,290,197		FNMA		3.500		06/01/43		2,310
	1,797,454		FNMA		3.500		06/01/43		1,813
	5,843,606		FNMA		3.500		06/01/43		5,825
	4,747,398		FNMA		3.500		06/01/43		4,788
	1,449,031		FNMA		3.500		06/01/43		1,444
	2,469,352		FNMA		3.500		06/01/43		2,490
	5,289,954		FNMA		3.500		06/01/43		5,273
	1,080,703		FNMA		3.500		06/01/43		1,090
	6,537,964		FNMA		3.500		07/01/43		6,594
	3,144,680		FNMA		3.500		07/01/43		3,171
	5,883,668		FNMA		3.500		07/01/43		5,865
	810,127		FNMA		3.500		08/01/43		807
	47,112,588		FNMA		4.000		09/01/43		49,147
	39,551,605		FNMA		4.000		09/01/43		41,296
	22,372,591		FNMA		4.000		09/01/43		23,363
	3,490,159		FNMA		3.500		10/01/43		3,479
	4,720,166		FNMA		3.500		11/01/43		4,705
	7,986,439		FNMA		4.000		12/01/43		8,341
	7,959,772		FNMA		4.000		12/01/43		8,313
	2,149,929		FNMA		3.500		01/01/44		2,143
	62,000,000	h	FNMA		3.500		04/25/44		62,368
	84,000,000	h	FNMA		4.000		04/25/44		87,308
	70,000,000	h	FNMA		4.500		04/25/44		74,670
	29,000,000	h	FNMA		5.000		04/25/44		31,617
	54,000,000	h	FNMA		5.500		04/25/44		59,630
	116,000,000	h	FNMA		3.500		05/25/44		116,290
	59,000,000	h	FNMA		4.000		05/25/44		61,111
	118,000,000	h	FNMA		4.500		05/25/44		125,449
	162,000,000	h	FNMA		5.000		05/25/44		176,188
	36,000,000	h	FNMA		5.500		05/25/44		39,703
	13,046,350		Government National Mortgage Assocaition (GNMA)		5.000		02/20/44		14,284
	5,974		GNMA		9.000		06/15/16		6
	2,915		GNMA		9.000		09/15/16		3
	2,256		GNMA		9.000		09/15/16		2
	6,627		GNMA		9.000		11/15/16		7
	2,021		GNMA		9.000		12/15/16		2
	4,670		GNMA		9.000		12/15/16		5
	30,557		GNMA		9.500		12/15/16		33
	15,616		GNMA		8.000		06/15/24		17
	32,412		GNMA		8.500		11/20/30		38
	50,729		GNMA		8.500		12/20/30		60
	1,207,489		GNMA		5.500		07/15/33		1,350
	694,967		GNMA		5.500		11/20/33		776

331

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,505,199		GNMA		5.500	%	03/20/35	$	2,797
	1,295,286		GNMA		5.500		12/20/35		1,438
	777,331		GNMA		6.000		10/20/36		881
	824,068		GNMA		6.000		01/20/37		934
	2,277,465		GNMA		6.000		02/20/37		2,580
	1,803,664		GNMA		5.000		04/15/38		1,973
	1,821,187		GNMA		5.500		07/15/38		2,017
	2,898,710		GNMA		5.500		07/20/38		3,203
	997,930		GNMA		6.000		08/20/38		1,131
	1,637,043		GNMA		6.500		11/20/38		1,851
	1,744,276		GNMA		2.176		05/16/39		1,759
	3,648,071		GNMA		5.000		06/15/39		4,019
	4,359,333		GNMA		5.000		06/15/39		4,808
	8,046,334		GNMA		4.500		07/20/39		8,698
	2,370,767		GNMA		5.000		07/20/39		2,589
	1,150,448		GNMA		4.000		11/20/39		1,208
	14,162,097		GNMA		5.000		09/20/43		15,493
	7,714,528		GNMA		6.500		01/15/44		8,069
	11,242,818		GNMA		5.000		03/20/44		12,325
	74,000,000	h	GNMA		3.000		04/15/44		72,763
	198,000,000	h	GNMA		3.500		04/15/44		201,991
	81,000,000	h	GNMA		4.000		04/15/44		85,075
	95,000,000	h	GNMA		4.500		04/15/44		102,392
	43,000,000	h	GNMA		6.000		04/15/44		48,101
	67,000,000	h	GNMA		3.500		04/20/44		68,371
	50,000,000	h	GNMA		4.000		04/20/44		52,539
	33,000,000	h	GNMA		4.500		04/20/44		35,573
			TOTAL MORTGAGE BACKED						3,178,159
MUNICIPAL BONDS - 4.0%
	1,985,000		Charlotte-Mecklenburg Hospital Authority		5.000		08/01/15		2,049
	15,000,000		City of New York NY		2.450		04/01/19		15,192
	10,000,000		City of New York NY		2.650		04/01/20		10,080
	14,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		14,140
	3,500,000		Maine Municipal Bond Bank		1.708		06/01/16		3,509
	8,800,000		New York State Urban Development Corp		0.550		03/15/16		8,778
	8,800,000		New York State Urban Development Corp		1.350		03/15/18		8,660
	2,000,000		Permanent University Fund		1.439		07/01/17		1,998
	2,625,000		Permanent University Fund		1.730		07/01/18		2,607
	4,720,000		Permanent University Fund		1.880		07/01/19		4,607
	2,320,000		Permanent University Fund		2.258		07/01/20		2,255
	2,160,000		Permanent University Fund		2.408		07/01/21		2,085
	2,750,000		Permanent University Fund		2.508		07/01/22		2,641
	2,855,000		Permanent University Fund		2.608		07/01/23		2,718
	3,250,000		Permanent University Fund		2.708		07/01/24		3,066
	2,335,000		Permanent University Fund		2.808		07/01/25		2,206
	3,775,000		Permanent University Fund		2.908		07/01/26		3,536
	4,000,000		Permanent University Fund		3.008		07/01/27		3,732
	18,535,000		Permanent University Fund		3.575		07/01/32		16,539
	12,300,000		State of California		0.850		02/01/15		12,337
	9,000,000		State of California		5.450		04/01/15		9,448
	15,625,000		State of California		1.050		02/01/16		15,682
	11,370,000		State of California		5.950		04/01/16		12,498

332

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

						MATURITY	VALUE
PRINCIPAL		ISSUER	RATE			DATE	(000)
$	2,915,000	State of Georgia		1.750	%	07/01/19	$	2,873
	3,060,000	State of Georgia		2.000		07/01/20		2,985
	3,215,000	State of Georgia		2.150		07/01/21		3,087
	3,905,000	State of Georgia		2.750		07/01/25		3,655
	4,100,000	State of Georgia		2.850		07/01/26		3,813
	4,305,000	State of Georgia		2.950		07/01/27		3,978
	4,520,000	State of Georgia		3.050		07/01/28		4,159
	3,245,000	State of Georgia		3.150		07/01/29		2,990
	4,385,000	State of Illinois		4.511		03/01/15		4,535
	12,500,000	State of Illinois		2.000		06/15/15		12,717
	12,500,000	State of Illinois		0.750		06/15/16		12,514
	19,760,000	State of Illinois		4.833		02/01/17		21,161
	12,500,000	State of Illinois		1.750		06/15/17		12,684
	8,000,000	State of Illinois		4.350		06/01/18		8,452
	7,500,000	State of Illinois		2.000		06/15/18		7,521
	7,500,000	State of Illinois		2.000		06/15/19		7,398
	7,160,000	State of Illinois		5.463		02/01/20		7,781
	12,500,000	State of Illinois		1.930		06/15/20		11,936
	12,500,000	State of Illinois		2.250		06/15/21		11,867
	10,000,000	State of Illinois		4.310		04/01/23		9,843
	11,535,000	State of Illinois		4.610		04/01/25		11,328
	9,350,000	State of Illinois		4.760		04/01/26		9,181
	12,500,000	State of Illinois		3.150		06/15/26		11,561
	13,880,000	State of Illinois		4.910		04/01/27		13,400
	12,500,000	State of Illinois		3.250		06/15/27		11,484
	8,115,000	State of Illinois		5.010		04/01/28		7,783
	20,870,000	State of Michigan		3.500		05/15/30		19,024
	21,640,000	State of Michigan		3.600		05/15/31		19,612
	22,455,000	State of Michigan		3.700		05/15/32		20,417
	13,515,000	University of California		1.296		05/15/18		13,287
	60,000,000	University of California		1.796		07/01/19		58,849
	11,735,000	University of California		1.995		05/15/20		11,364
	4,500,000	University of California		2.300		05/15/21		4,334
	6,000,000	University of California		2.570		05/15/22		5,765
		TOTAL MUNICIPAL BONDS						533,701
U.S. TREASURY SECURITIES - 14.2%
	22,000,000	United States Treasury Bond		6.375		08/15/27		30,188
	49,175,000	United States Treasury Bond		5.250		02/15/29		61,522
	45,661,000	United States Treasury Bond		5.375		02/15/31		58,410
	677,000	United States Treasury Bond		4.500		02/15/36		795
	19,135,000	United States Treasury Bond		4.375		05/15/41		22,119
	16,434,000	United States Treasury Bond		3.750		08/15/41		17,122
	71,375,000	United States Treasury Bond		3.625		08/15/43		72,245
	84,420,000	United States Treasury Bond		3.750		11/15/43		87,401
	16,000,000	United States Treasury Bond		3.625		02/15/44		16,185
	6,050,000	United States Treasury Note		0.250		05/31/14		6,052
	35,905,000	United States Treasury Note		0.250		11/30/14		35,944
	50,485,000	United States Treasury Note		0.125		12/31/14		50,497
	175,415,000	United States Treasury Note		0.250		01/31/15		175,614
	112,305,000	United States Treasury Note		0.250		02/28/15		112,419
	72,796,000	United States Treasury Note		0.250		05/31/15		72,873
	1,000	United States Treasury Note		0.375		06/30/15		1

333

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	12,717,000		United States Treasury Note		1.875	%	06/30/15	$	12,986
	15,952,000		United States Treasury Note		1.750		07/31/15		16,284
	141,110,000		United States Treasury Note		0.250		08/15/15		141,226
	59,005,000		United States Treasury Note		0.250		09/15/15		59,028
	3,000,000		United States Treasury Note		0.250		09/30/15		3,001
	42,788,000		United States Treasury Note		0.250		10/15/15		42,786
	18,485,000		United States Treasury Note		1.250		10/31/15		18,771
	17,747,000		United States Treasury Note		0.375		11/15/15		17,774
	5,900,000		United States Treasury Note		0.250		12/31/15		5,892
	3,300,000		United States Treasury Note		0.375		03/15/16		3,298
	9,800,000		United States Treasury Note		2.375		03/31/16		10,180
	10,000,000		United States Treasury Note		3.125		10/31/16		10,619
	33,675,000		United States Treasury Note		0.750		01/15/17		33,625
	82,500,000		United States Treasury Note		0.625		02/15/17		81,978
	3,550,000		United States Treasury Note		0.750		03/15/17		3,537
	17,100,000	l	United States Treasury Note		2.250		07/31/18		17,640
	80,466,900		United States Treasury Note		1.375		09/30/18		79,744
	10,365,000		United States Treasury Note		1.750		10/31/18		10,433
	5,625,000		United States Treasury Note		1.375		02/28/19		5,533
	33,071,000		United States Treasury Note		1.500		02/28/19		32,740
	10,070,000		United States Treasury Note		1.625		03/31/19		10,019
	5,550,000		United States Treasury Note		1.000		06/30/19		5,317
	3,870,000		United States Treasury Note		1.250		10/31/19		3,731
	319,500		United States Treasury Note		2.625		11/15/20		328
	825,000		United States Treasury Note		2.125		01/31/21		817
	27,720,000		United States Treasury Note		2.000		02/28/21		27,194
	189,872,000		United States Treasury Note		8.000		11/15/21		264,753
	137,862,000		United States Treasury Note		2.750		02/15/24		138,164
			TOTAL U.S. TREASURY SECURITIES						1,876,785
			TOTAL GOVERNMENT BONDS						6,815,508
			(Cost $6,758,269)
STRUCTURED ASSETS - 12.6%
ASSET BACKED - 9.1%
	13,000,000		AEP Texas Central Transition Funding LLC		1.976		06/01/21		12,865
			Series - 2012 1 (Class A2)
	32,000,000		Ally Auto Receivables Trust		0.540		07/15/16		32,033
			Series - 2013 2 (Class A2A)
	5,000,000	g	Ally Auto Receivables Trust		1.760		02/15/17		5,076
			Series - 2012 2 (Class B)
	10,000,000	g	Ally Auto Receivables Trust		2.260		07/16/18		10,197
			Series - 2012 2 (Class C)
	10,000,000	g	Ally Master Owner Trust		4.250		04/15/17		10,350
			Series - 2010 2 (Class A)
	24,000,000		Ally Master Owner Trust		1.000		02/15/18		24,081
			Series - 2013 1 (Class A2)
	39,753,000		Ally Master Owner Trust		1.720		07/15/19		39,947
			Series - 2012 4 (Class A)
	8,710,000		Ally Master Owner Trust		1.540		09/15/19		8,675
			Series - 2012 5 (Class A)
	7,223,000		AmeriCredit Automobile Receivables Trust		3.190		10/12/16		7,328
			Series - 2011 2 (Class C)

334

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	6,335,000		AmeriCredit Automobile Receivables Trust		1.590	%	07/10/17	$	6,394
			Series - 2012 3 (Class B)
	10,373,000		AmeriCredit Automobile Receivables Trust		1.690		11/08/18		10,432
			Series - 2012 5 (Class C)
	5,500,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		5,493
			Series - 2013 1 (Class C)
	74,236	g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		0	^
			Series - 2006 WMC1 (Class N1)
	6,710,000	g	Avis Budget Rental Car Funding AESOP LLC		2.370		11/20/14		6,761
			Series - 2011 2A (Class A)
	4,000,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		4,199
			Series - 2010 3A (Class B)
	700,000	g	Avis Budget Rental Car Funding AESOP LLC		3.241		08/20/16		717
			Series - 2012 1A (Class B)
	5,500,000	g	Avis Budget Rental Car Funding AESOP LLC		4.740		11/20/17		5,894
			Series - 2011 3A (Class B)
	11,125,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		11,948
			Series - 2011 5A (Class B)
	4,890,000	g	Avis Budget Rental Car Funding AESOP LLC		3.887		05/20/18		5,146
			Series - 2012 2A (Class B)
	11,790,000	g	Avis Budget Rental Car Funding AESOP LLC		1.920		09/20/19		11,668
			Series - 2013 1A (Class A)
	41,500,000	g	Avis Budget Rental Car Funding AESOP LLC		2.970		02/20/20		42,640
			Series - 2013 2A (Class A)
	2,715,774	i	Bear Stearns Asset Backed Securities Trust		0.894		11/25/39		2,670
			Series - 2005 SD3 (Class 2A1)
	2,900,000		Capital Auto Receivables Asset Trust		1.290		04/20/18		2,895
			Series - 2013 1 (Class B)
	3,175,000		Capital Auto Receivables Asset Trust		1.740		10/22/18		3,153
			Series - 2013 1 (Class C)
	30,000,000		CarMax Auto Owner Trust		0.520		11/15/16		30,027
			Series - 2013 4 (Class A2)
	21,000,000		CarMax Auto Owner Trust		0.800		07/16/18		21,011
			Series - 2013 4 (Class A3)
	3,959,793	i,m	CCR, Inc		0.599		07/10/17		3,834
			Series - 2010 CX (Class C)
	1,180,137	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/25/35		887
			Series - 2004 2 (Class 1M2)
	1,649,596	i	CIT Group Home Equity Loan Trust		6.200		02/25/30		1,645
			Series - 2002 1 (Class AF6)
	40,000,000		Citibank Credit Card Issuance Trust		0.730		02/07/18		40,059
			Series - 2013 A10 (Class A10)
	13,790,000	g	CKE Restaurant Holdings, Inc		4.474		03/20/43		13,929
			Series - 2013 1A (Class A2)
	342,704	i	Countrywide Asset-Backed Certificates		0.974		05/25/36		341
			Series - 2004 AB2 (Class A3)
	847,102	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		852
			Series - 2007 MX1 (Class A1)
	5,525,000	g,i	DB/UBS Mortgage Trust		5.558		11/10/46		6,138
			Series - 2011 LC1A (Class C)
	22,405,000		Discover Card Execution Note Trust		0.810		08/15/17		22,483
			Series - 2012 A1 (Class A1)

335

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	133,564,150	g	Dominos Pizza Master Issuer LLC		5.216	%	01/25/42	$	142,876
			Series - 2012 1A (Class A2)
	9,020,382	g	Enterprise Fleet Financing LLC		0.680		09/20/18		9,019
			Series - 2013 1 (Class A2)
	1,120,119	g,i	Flagstar Home Equity Loan Trust		5.781		01/25/35		1,119
			Series - 2007 1A (Class AF3)
	2,725,000		Ford Credit Auto Owner Trust		3.210		07/15/17		2,805
			Series - 2011 A (Class D)
	5,250,000		Ford Credit Auto Owner Trust		1.150		07/15/18		5,232
			Series - 2013 A (Class B)
	5,820,000		Ford Credit Auto Owner Trust		1.110		10/15/18		5,853
			Series - 2013 B (Class B)
	6,000,000		Ford Credit Auto Owner Trust		1.360		10/15/18		5,977
			Series - 2013 A (Class C)
	5,595,000		Ford Credit Auto Owner Trust		2.430		01/15/19		5,748
			Series - 2012 C (Class D)
	12,861,000		Ford Credit Floorplan Master		0.850		01/15/18		12,891
			Series - 0 1 (Class A1)
	16,190,000		Ford Credit Floorplan Master		1.880		09/15/18		16,397
			Series - 2013 5 (Class B)
	3,980,000	g	Hertz Vehicle Financing LLC		2.200		03/25/16		4,026
			Series - 2011 1A (Class A1)
	49,305,000	g	Hertz Vehicle Financing LLC		5.290		03/25/16		51,053
			Series - 2009 2A (Class A2)
	41,885,000	g	Hertz Vehicle Financing LLC		5.930		03/25/16		43,272
			Series - 0 2A (Class B2)
	14,315,000	g	Hertz Vehicle Financing LLC		3.740		02/25/17		15,017
			Series - 2010 1A (Class A2)
	5,000,000	g	Hertz Vehicle Financing LLC		1.860		08/25/17		5,008
			Series - 2013 1A (Class B1)
	4,500,000	g	Hertz Vehicle Financing LLC		1.830		08/25/19		4,440
			Series - 2013 1A (Class A2)
	8,500,000	g	Hertz Vehicle Financing LLC		2.480		08/25/19		8,409
			Series - 2013 1A (Class B2)
	100,000,000	g	HLSS Servicer Advance Receivables Backed Notes		1.244		01/17/45		100,060
			Series - 2014 T1 (Class AT1)
	15,000,000		Hyundai Auto Receivables Trust		1.130		09/17/18		14,916
			Series - 2013 A (Class B)
	3,075,911	i	Irwin Home Equity Corp		0.534		02/25/34		2,915
			Series - 2005 A (Class A3)
	18,373,686	g	JG Wentworth XXII LLC		3.820		12/15/48		19,282
			Series - 2010 3A (Class A)
	4,210,403	i	Lehman XS Trust		0.404		02/25/36		3,806
			Series - 2006 1 (Class 1A1)
	15,349,581		Lehman XS Trust		6.500		06/25/46		12,037
			Series - 2006 13 (Class 2A1)
	268,740	i	Long Beach Mortgage Loan Trust		0.904		02/25/35		268
			Series - 2005 1 (Class M1)
	70,000,000	g,m	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		70,000
			Series - 2014 T1 (Class A1)
	25,000,000		Nissan Auto Lease Trust		0.740		10/15/18		25,025
			Series - 2013 A (Class A4)

336

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,648,008	i	Park Place Securities, Inc		1.099	%	09/25/34	$	1,639
			Series - 2004 WHQ1 (Class M1)
	30,442	i	Renaissance Home Equity Loan Trust		1.034		08/25/33		29
			Series - 2003 2 (Class A)
	201,208	i	Residential Asset Securities Corp		6.489		10/25/30		201
			Series - 2001 KS2 (Class AI6)
	1,218,269	i	Residential Asset Securities Corp		0.584		04/25/35		1,207
			Series - 2005 KS3 (Class M3)
	4,398,714		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		4,463
			Series - 2006 HI5 (Class A3)
	1,950,778	i	Residential Funding Mortgage Securities II, Inc		5.450		08/25/34		2,015
			Series - 2005 HI1 (Class A5)
	976,729		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		981
			Series - 2006 HI3 (Class A3)
	2,398,285	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		2,436
			Series - 2006 HI1 (Class M1)
	350,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		367
			Series - 2006 HI1 (Class M2)
	4,000,000		Santander Drive Auto Receivables Trust		1.760		01/15/19		4,017
			Series - 2013 1 (Class C)
	15,000,000	g	Santander Drive Auto Receivables Trust		1.890		10/15/19		15,156
			Series - 2013 A (Class B)
	1,600,596	i	Securitized Asset Backed Receivables LLC		0.454		10/25/35		1,564
			Series - 2006 OP1 (Class A2C)
	655,608	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		658
			Series - 2013 1A (Class A)
	17,626,770	g	Sierra Timeshare 2013-3 Receivables Funding LLC		2.700		10/20/30		17,708
			Series - 2013 3A (Class B)
	41,823,000	g	SLM Student Loan Trust		3.740		02/15/29		43,825
			Series - 2011 B (Class A2)
	1,500,000	g	SLM Student Loan Trust		3.830		01/17/45		1,575
			Series - 2012 A (Class A2)
	2,477,568	i	Soundview Home Equity Loan Trust		0.454		11/25/35		2,446
			Series - 2005 OPT3 (Class A4)
	385,056	i	Structured Asset Investment Loan Trust		0.754		05/25/35		385
			Series - 2005 4 (Class M1)
	8,819,471	g,i	Structured Asset Securities Corp		0.374		10/25/36		8,536
			Series - 2006 GEL4 (Class A2)
	13,500,000	g	Volvo Financial Equipment LLC		0.540		11/15/16		13,500
			Series - 2014 1A (Class A2)
	10,000,000	g	Volvo Financial Equipment LLC		0.740		03/15/17		10,018
			Series - 2013 1A (Class A3)
	8,585,000	g	Vornado DP LLC		5.280		09/13/28		9,434
			Series - 2010 VNO (Class C)
	868,653	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		879
			Series - 2006 N1 (Class N1)
	1,676,239	g,i	Wachovia Loan Trust		0.514		05/25/35		1,579
			Series - 2005 SD1 (Class A)
	1,201,452	i	Wells Fargo Home Equity Trust		0.294		07/25/36		1,190
			Series - 2006 2 (Class A3)
	18,900,000		World Financial Network Credit Card Master Trust		0.910		03/16/20		18,841
			Series - 2013 B (Class A)
			TOTAL ASSET BACKED						1,163,868

337

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
OTHER MORTGAGE BACKED - 3.5%
$	14,549,000	i	Banc of America Commercial Mortgage Trust		5.482	%	01/15/49	$	15,288
			Series - 2007 1 (Class AMFX)
	9,275,000	i	Banc of America Commercial Mortgage Trust		5.813		02/10/51		10,295
			Series - 2007 4 (Class AM)
	12,765,000	i	Bear Stearns Commercial Mortgage Securities		5.958		09/11/42		13,908
			Series - 2007 T28 (Class AJ)
	8,245,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		8,612
			Series - 2007 PW15 (Class AM)
	5,870,000		Citigroup Commercial Mortgage Trust		1.813		09/10/45		5,894
			Series - 2012 GC8 (Class A2)
	21,750,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		23,695
			Series - 2007 C3 (Class AM)
	5,000,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		5,007
			Series - 2007 C3 (Class AJ)
	15,000,000	i	COBALT CMBS Commercial Mortgage Trust		5.526		04/15/47		16,490
			Series - 2007 C2 (Class AMFX)
	2,080,000	i	Commercial Mortgage Pass Through Certificates		5.650		12/10/49		2,299
			Series - 2007 C9 (Class AM)
	3,199,877		Countrywide Alternative Loan Trust		5.500		08/25/16		3,312
			Series - 2004 30CB (Class 1A15)
	1,414,161		Countrywide Home Loan Mortgage Pass Through Trust		5.250		02/25/16		1,413
			Series - 2005 6 (Class 1A10)
	114,546		Countrywide Home Loan Mortgage Pass Through Trust		5.250		05/25/35		114
			Series - 2005 12 (Class 1A5)
	990,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		1,010
			Series - 2005 C5 (Class C)
	2,000,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		2,065
			Series - 2005 C5 (Class B)
	2,867,106	g,i	Credit Suisse Mortgage Capital Certificates		0.335		04/15/22		2,843
			Series - 2007 TF2A (Class A1)
	11,500,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		12,594
			Series - 2006 OMA (Class D)
	12,935,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		13,919
			Series - 2006 C4 (Class AM)
	11,235,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		11,715
			Series - 2009 RR1 (Class A3C)
	3,305,000	g	GS Mortgage Securities Corp II		2.933		06/05/31		3,352
			Series - 2012 SHOP (Class A)
	20,000,000	i	GS Mortgage Securities Corp II		5.610		04/10/38		21,478
			Series - 2006 GG6 (Class AM)
	5,910,000	g,i	GS Mortgage Securities Corp II		5.225		12/10/43		6,477
			Series - 2010 C2 (Class B)
	18,400,888	g	GS Mortgage Securities Trust		2.059		04/10/31		17,811
			Series - 2013 G1 (Class A1)
	4,429,540	i	HarborView Mortgage Loan Trust		0.376		07/19/47		3,768
			Series - 2007 4 (Class 2A1)
	2,204,447	i	Impac CMB Trust		0.814		03/25/35		2,011
			Series - 2004 11 (Class 2A1)
	6,455,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.259		07/15/46		7,027
			Series - 2011 C4 (Class C)
	1,965,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.884		02/15/51		2,121
			Series - 2007 C1 (Class AM)

338

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,965,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911	%	07/15/42	$	8,074
			Series - 2005 LDP2 (Class C)
	59,462,701		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		63,253
			Series - 2006 LDP9 (Class A1A)
	2,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		2,231
			Series - 2007 LD12 (Class AM)
	3,350,000		LB-UBS Commercial Mortgage Trust		5.378		11/15/38		3,644
			Series - 2006 C7 (Class AM)
	3,675,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		3,844
			Series - 2005 C5 (Class AJ)
	2,210,442	g,i	Merrill Lynch Mortgage Trust		6.326		02/12/51		2,404
			Series - 0 C1 (Class AJAF)
	2,205,000	i	Merrill Lynch Mortgage Trust		6.326		02/12/51		2,399
			Series - 0 C1 (Class AJA)
	12,000,000	i	Merrill Lynch Mortgage Trust 2005-CKI1		5.283		11/12/37		12,261
			Series - 2005 CKI1 (Class B)
	5,000,000	i	Merrill Lynch Mortgage Trust 2005-MCP1		4.805		06/12/43		5,222
			Series - 2005 MCP1 (Class AM)
	2,265,000	g,i	Morgan Stanley Capital I		5.811		08/12/41		2,367
			Series - 2006 T23 (Class B)
	12,300,000	i	Morgan Stanley Capital I		5.793		07/12/44		13,199
			Series - 2006 HQ9 (Class AJ)
	3,550,000	g,i	Morgan Stanley Capital I		5.252		09/15/47		3,724
			Series - 2011 C1 (Class D)
	1,393,744		Residential Accredit Loans, Inc		4.350		03/25/34		1,443
			Series - 2004 QS4 (Class A1)
	1,588,718		RFMSI Trust		5.500		03/25/35		1,637
			Series - 2005 S2 (Class A6)
	2,695,809	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		2,750
			Series - 2012 1A (Class A)
	2,971,294	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		3,012
			Series - 0 2A (Class A)
	43,250,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		46,815
			Series - 2007 C30 (Class AM)
	32,910,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		36,420
			Series - 2007 C34 (Class AM)
	5,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.933		05/15/46		5,073
			Series - 2007 C34 (Class AJ)
	7,175,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		7,867
			Series - 2007 C31 (Class AM)
	4,225,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		4,125
			Series - 2007 C32 (Class AJ)
	2,794,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		2,236
			Series - 2007 C32 (Class B)
	7,599,644	i	WaMu Mortgage Pass-Through Certificates		0.504		12/25/45		6,915
			Series - 2005 AR19 (Class A1B3)
	4,725,000	g,i	Wells Fargo Mortgage Backed Securities Trust		5.276		11/15/43		5,198
			Series - 2010 C1 (Class B)
			TOTAL OTHER MORTGAGE BACKED						460,631
			TOTAL STRUCTURED ASSETS						1,624,499
			(Cost $1,620,133)
			TOTAL BONDS						12,762,354
			(Cost $12,609,333)

339

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
SHARES			COMPANY	RATE			DATE	(000)
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	470,597	*	Federal Home Loan Mortgage Corp		8.375	%	12/30/49	$	5,176
	1,527,061	*	Federal National Mortgage Association		8.250		12/30/49		16,004
			TOTAL BANKS						21,180
			TOTAL PREFERRED STOCKS						21,180
			(Cost $49,941)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 17.4%
GOVERNMENT AGENCY DEBT - 0.5%
$	13,500,000		Federal Home Loan Bank (FHLB)		0.055		04/11/14		13,500
	20,000,000		FHLB		0.065		04/25/14		19,999
	20,000,000		Federal Home Loan Mortgage Corp (FHLMC)		0.090		09/05/14		19,995
	20,200,000		Federal National Mortgage Association (FNMA)		0.088		08/25/14		20,196
			TOTAL GOVERNMENT AGENCY DEBT						73,690
TREASURY DEBT - 16.9%
	163,500,000	w	United States Treasury Bill		0.105		04/03/14		163,499
	28,000,000	w	United States Treasury Bill		0.047-0.067		04/17/14		27,999
	20,300,000	w	United States Treasury Bill		0.051		04/24/14		20,299
	111,000,000	w	United States Treasury Bill		0.070-0.107		05/01/14		110,990
	77,000,000		United States Treasury Bill		0.045-0.050		05/08/14		76,996
	19,400,000		United States Treasury Bill		0.049		05/29/14		19,398
	46,000,000	w	United States Treasury Bill		0.070		06/19/14		45,998
	309,500,000	w	United States Treasury Bill		0.050-0.096		06/26/14		309,474
	88,000,000	w	United States Treasury Bill		0.061		07/10/14		87,990
	9,800,000		United States Treasury Bill		0.060		07/17/14		9,799
	515,200,000	w	United States Treasury Bill		0.056-0.120		07/24/14		515,131
	57,000,000		United States Treasury Bill		0.050		08/14/14		56,987
	692,500,000	w	United States Treasury Bill		0.060-0.135		08/21/14		692,343
	49,000,000	w	United States Treasury Bill		0.102		10/16/14		48,985
	30,000,000		United States Treasury Bill		0.073		11/13/14		29,988
	14,000,000	w	United States Treasury Note		0.250		06/30/14		14,007
			TOTAL TREASURY DEBT						2,229,883
			TOTAL SHORT-TERM INVESTMENTS						2,303,573
			(Cost $2,303,256)
			TOTAL INVESTMENTS - 114.2%						15,105,185
			(Cost $14,980,542)
			OTHER ASSETS & LIABILITIES, NET - (14.2)%						(1,884,601	)
			NET ASSETS - 100.0%					$	13,220,584

340

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

*	Non-income producing
^	Amount represents less than $1,000.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At March 31, 2014, the aggregate value of these securities was $1,912,138,000, or 14.5% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
l	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on swap agreements.
m	Indicates a security that has been deemed illiquid.
w	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
	Cost amounts are in thousands.

341

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

COLLEGE RETIREMENT EQUITIES FUND

INFLATION-LINKED BOND ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2014

				VALUE
PRINCIPAL			ISSUER	(000)
GOVERNMENT BONDS - 99.7%
U.S. TREASURY SECURITIES - 99.7%
			United States Treasury Bond
$	10,000,000		3.625%, 02/15/44	$	10,116
		k	United States Treasury Inflation Indexed Bonds
	189,733,908		0.500%, 04/15/15		193,588
	175,076,720		1.875%, 07/15/15		183,557
	180,827,015		2.000%, 01/15/16		191,889
	404,135,254		0.125%, 04/15/16		415,059
	216,079,971		2.500%, 07/15/16		235,730
	173,978,590		2.375%, 01/15/17		190,520
	471,544,150		0.125%, 04/15/17		484,843
	142,980,950		2.625%, 07/15/17		160,094
	165,287,462		1.625%, 01/15/18		179,414
	233,219,900		0.125%, 04/15/18		238,577
	147,074,472		1.375%, 07/15/18		159,576
	144,341,525		2.125%, 01/15/19		161,189
	181,836,400		1.875%, 07/15/19		202,378
	220,966,794		1.375%, 01/15/20		238,799
	285,950,010		1.250%, 07/15/20		308,156
	355,976,119		1.125%, 01/15/21		377,891
	338,092,434		0.625%, 07/15/21		348,103
	336,857,953		0.125%, 01/15/22		330,016
	393,606,090		0.125%, 07/15/22		385,549
	266,492,640		0.125%, 01/15/23		257,852
	51,256,530		0.375%, 07/15/23		50,696
	56,384,438		0.625%, 01/15/24		56,578
	245,382,586		2.375%, 01/15/25		288,957
	210,139,963		2.000%, 01/15/26		239,281
	157,963,398		2.375%, 01/15/27		187,520
	195,263,607		1.750%, 01/15/28		216,346
	141,751,012		3.625%, 04/15/28		192,704
	177,458,373		2.500%, 01/15/29		215,501
	166,587,456		3.875%, 04/15/29		235,175
	60,955,877		3.375%, 04/15/32		84,252
	85,108,738		2.125%, 02/15/40		101,904
	101,890,062		2.125%, 02/15/41		122,435
	235,273,684		0.750%, 02/15/42		205,019
	115,972,200		0.625%, 02/15/43		97,109
	20,071,200		1.375%, 02/15/44		20,482
			TOTAL U.S. TREASURY SECURITIES		7,566,855
			TOTAL GOVERNMENT BONDS
			(Cost $7,190,480)		7,566,855
			TOTAL INVESTMENTS - 99.7%		7,566,855
			(Cost $7,190,480)

342

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

		VALUE
PRINCIPAL	ISSUER	(000)
	OTHER ASSETS AND LIABILITIES, NET - 0.3%		22,311
	NET ASSETS - 100.0%	$	7,589,166

k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
	Cost amounts are in thousands.

343

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

COLLEGE RETIREMENT EQUITIES FUND

SOCIAL CHOICE ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2014

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
BANK LOAN OBLIGATIONS - 0.2%
MEDIA - 0.1%
$	9,750,000	i	Virgin Media Investment Holdings Ltd		3.500	%	06/08/20	$	9,724
			TOTAL MEDIA						9,724
UTILITIES - 0.1%
	11,500,000	i	ExGen Renewables I LLC		5.250		02/06/21		11,658
			TOTAL UTILITIES						11,658
			TOTAL BANK LOAN OBLIGATIONS						21,382
			(Cost $21,173)
BONDS - 38.9%
CORPORATE BONDS - 14.2%
AUTOMOBILES & COMPONENTS - 0.2%
	2,350,000		BorgWarner, Inc		4.625		09/15/20		2,476
	10,000,000		Ford Motor Co		4.750		01/15/43		9,670
	4,500,000		Johnson Controls, Inc		2.600		12/01/16		4,643
	3,250,000		Johnson Controls, Inc		5.000		03/30/20		3,608
			TOTAL AUTOMOBILES & COMPONENTS						20,397
BANKS - 3.5%
	9,800,000	g	Bank of Nova Scotia		2.150		08/03/16		10,110
	9,750,000	g,i	Bank of Tokyo-Mitsubishi UFJ Ltd		0.684		02/26/16		9,760
	19,500,000		BB&T Corp		2.150		03/22/17		19,952
	7,375,000		BB&T Corp		1.600		08/15/17		7,396
	14,000,000		Branch Banking & Trust Co		1.450		10/03/16		14,158
	7,000,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		7,275
	9,250,000	i	Capital One Financial Corp		0.877		11/06/15		9,278
	9,250,000	e,i	Capital One NA		0.684		03/22/16		9,260
	9,250,000		Capital One NA		1.500		03/22/18		9,056
	10,000,000	i	Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		0.715		03/18/16		10,055
	8,700,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		8,630
	7,025,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		6,977
	7,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		7,203
	19,250,000		Discover Bank		2.000		02/21/18		19,163
	11,975,000		Discover Bank		4.200		08/08/23		12,278
	13,255,000		First Niagara Financial Group, Inc		6.750		03/19/20		15,185
	16,175,000		HSBC Holdings plc		4.250		03/14/24		16,195
	6,350,000		HSBC Holdings plc		5.250		03/14/44		6,421
	9,750,000	e	HSBC USA, Inc		1.625		01/16/18		9,670

344

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	16,760,000	e	Huntington Bancshares, Inc		2.600	%	08/02/18	$	16,873
	7,325,000		Huntington National Bank		1.350		08/02/16		7,361
	19,000,000		Intesa Sanpaolo S.p.A		2.375		01/13/17		19,064
	9,913,000		Manufacturers & Traders Trust Co		6.625		12/04/17		11,440
	18,000,000		Manufacturers & Traders Trust Co		1.450		03/07/18		17,613
	4,644,000	i	Manufacturers & Traders Trust Co		5.585		12/28/20		4,768
	6,076,000	i	Manufacturers & Traders Trust Co		5.629		12/01/21		6,312
	7,450,000	g	Mizuho Corporate Bank Ltd		1.850		03/21/18		7,374
	3,500,000	i	National City Bank		0.583		12/15/16		3,477
	9,900,000		People’s United Financial, Inc		3.650		12/06/22		9,702
	9,725,000		PNC Bank NA		2.200		01/28/19		9,693
	4,150,000		PNC Bank NA		2.700		11/01/22		3,899
	8,245,000	e	PNC Bank NA		2.950		01/30/23		7,828
	5,000,000		PNC Funding Corp		3.625		02/08/15		5,133
	14,000,000		Regions Financial Corp		2.000		05/15/18		13,721
	10,000,000		Royal Bank of Canada		1.125		07/22/16		10,024
	11,500,000		Royal Bank of Canada		1.200		09/19/17		11,420
	9,750,000		Royal Bank of Canada		1.500		01/16/18		9,668
	10,000,000		Royal Bank of Canada		2.200		07/27/18		10,065
	9,750,000	g	Skandinaviska Enskilda Banken AB		1.750		03/19/18		9,633
	14,500,000	e,g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		14,213
	4,610,000	i	State Street Bank and Trust Co		0.435		12/08/15		4,605
	6,744,000	e	SVB Financial Group		5.375		09/15/20		7,484
	9,250,000	g	Toronto-Dominion Bank		1.625		09/14/16		9,427
	14,500,000	i	Toronto-Dominion Bank		0.786		04/30/18		14,582
	5,000,000		US Bancorp		2.875		11/20/14		5,079
	10,250,000		US Bancorp		2.950		07/15/22		9,859
	3,750,000	i	US Bank NA		0.522		10/14/14		3,755
	3,000,000		US Bank NA		4.950		10/30/14		3,079
	5,000,000	g	Westpac Banking Corp		1.850		11/26/18		4,931
			TOTAL BANKS						480,104
CAPITAL GOODS - 0.7%
	2,500,000		3M Co		6.375		02/15/28		3,228
	9,500,000		Eaton Corp		0.950		11/02/15		9,533
	2,500,000		Eaton Corp		4.000		11/02/32		2,418
	3,100,000	g	Ingersoll-Rand Global Holding Co Ltd		2.875		01/15/19		3,091
	4,600,000	g	Ingersoll-Rand Global Holding Co Ltd		4.250		06/15/23		4,697
	10,000,000		John Deere Capital Corp		1.950		03/04/19		9,893
	3,150,000		Masco Corp		7.125		03/15/20		3,638
	5,155,000		Pall Corp		5.000		06/15/20		5,639
	18,350,000		Pentair Finance S.A.		1.350		12/01/15		18,446
	1,500,000		Pentair Finance S.A.		2.650		12/01/19		1,464
	9,750,000		Precision Castparts Corp		0.700		12/20/15		9,762
	9,250,000		Precision Castparts Corp		2.500		01/15/23		8,619
	3,300,000		Rockwell Collins, Inc		3.100		11/15/21		3,272
	6,125,000		Rockwell Collins, Inc		3.700		12/15/23		6,211
	5,000,000		Timken Co		6.000		09/15/14		5,111
			TOTAL CAPITAL GOODS						95,022
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	9,075,000		Air Lease Corp		3.875		04/01/21		9,075
	4,750,000		Waste Management, Inc		2.600		09/01/16		4,919

345

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,730,000		Waste Management, Inc		4.600	%	03/01/21	$	2,961
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						16,955
CONSUMER DURABLES & APPAREL - 0.1%
	1,450,000		Mohawk Industries, Inc		3.850		02/01/23		1,424
	1,100,000		Whirlpool Corp		8.600		05/01/14		1,107
	10,825,000		Whirlpool Corp		5.150		03/01/43		11,095
			TOTAL CONSUMER DURABLES & APPAREL						13,626
CONSUMER SERVICES - 0.2%
	4,000,000		American National Red Cross		5.567		11/15/17		4,156
	5,000,000		Andrew W Mellon Foundation		3.950		08/01/14		5,061
	1,250,000		McDonald’s Corp		5.000		02/01/19		1,412
	7,550,000		Nature Conservancy		6.300		07/01/19		8,626
	5,145,000		Salvation Army		5.637		09/01/26		5,476
	2,275,000	g	Service Corp International		5.375		01/15/22		2,303
			TOTAL CONSUMER SERVICES						27,034
DIVERSIFIED FINANCIALS - 2.1%
	5,000,000	i	American Express Centurion Bank		0.687		11/13/15		5,023
	8,650,000		American Express Co		1.550		05/22/18		8,492
	9,000,000		American Express Credit Corp		2.125		07/27/18		9,042
	24,000,000		Bank of America Corp		1.350		11/21/16		24,037
	5,000,000		Bank of New York Mellon Corp		3.100		01/15/15		5,107
	4,750,000		Bank of New York Mellon Corp		1.200		02/20/15		4,784
	5,000,000		Bank of New York Mellon Corp		2.950		06/18/15		5,141
	19,750,000	i	Bank of New York Mellon Corp		0.467		10/23/15		19,794
	5,450,000	i	Bank of New York Mellon Corp		1.969		06/20/17		5,559
	15,000,000	e	Bank of New York Mellon Corp		1.300		01/25/18		14,724
	14,250,000	i	Bank of New York Mellon Corp		0.675		03/06/18		14,273
	2,675,000		Bank of New York Mellon Corp		5.450		05/15/19		3,054
	2,850,000		BlackRock, Inc		1.375		06/01/15		2,877
	4,000,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		4,148
	14,750,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		14,945
	14,000,000		Capital One Bank USA NA		2.250		02/13/19		13,897
	6,000,000		Capital One Bank USA NA		3.375		02/15/23		5,838
	9,000,000		Capital One Financial Corp		2.150		03/23/15		9,135
	12,425,000		Capital One Financial Corp		1.000		11/06/15		12,443
	9,000,000		CIT Group, Inc		3.875		02/19/19		9,098
	9,500,000	g	EDP Finance BV		5.250		01/14/21		9,799
	5,000,000		Ford Motor Credit Co LLC		3.875		01/15/15		5,119
	5,900,000		Ford Motor Credit Co LLC		7.000		04/15/15		6,276
	11,000,000	i	Ford Motor Credit Co LLC		1.487		05/09/16		11,184
	9,000,000		Ford Motor Credit Co LLC		2.375		01/16/18		9,076
	8,600,000		Ford Motor Credit Co LLC		5.000		05/15/18		9,492
	5,000,000		John Deere Capital Corp		1.250		12/02/14		5,032
	4,725,000		John Deere Capital Corp		0.875		04/17/15		4,752
	7,000,000		John Deere Capital Corp		0.700		09/04/15		7,024
	9,750,000	g	RCI Banque S.A.		3.500		04/03/18		10,128
	3,000,000		State Street Corp		4.300		05/30/14		3,019
	4,900,000		State Street Corp		1.350		05/15/18		4,811
	8,300,000		State Street Corp		3.100		05/15/23		7,890
			TOTAL DIVERSIFIED FINANCIALS						285,013

346

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
ENERGY - 0.9%
$	5,000,000		Apache Corp		4.750	%	04/15/43	$	5,026
	4,145,000		Continental Resources, Inc		5.000		09/15/22		4,352
	2,500,000		Devon Energy Corp		6.300		01/15/19		2,928
	3,000,000		EOG Resources, Inc		4.100		02/01/21		3,230
	3,000,000		Hess Corp		5.600		02/15/41		3,294
	1,526,000		Marathon Oil Corp		5.900		03/15/18		1,743
	3,025,000		National Oilwell Varco, Inc		1.350		12/01/17		2,993
	2,500,000		Noble Energy, Inc		8.250		03/01/19		3,113
	14,000,000		Noble Energy, Inc		5.250		11/15/43		14,612
	9,886,000		Noble Holding International Ltd		2.500		03/15/17		10,059
	2,150,000	e	Noble Holding International Ltd		3.950		03/15/22		2,132
	2,150,000	g	Northern Natural Gas Co		4.100		09/15/42		1,963
	2,950,000	g	ONE Gas, Inc		4.658		02/01/44		3,063
	5,000,000		Spectra Energy Capital LLC		5.650		03/01/20		5,530
	6,975,000		Statoil ASA		1.200		01/17/18		6,842
	9,000,000	i	Statoil ASA		0.526		05/15/18		8,989
	9,000,000		Statoil ASA		2.900		11/08/20		9,080
	9,500,000		Statoil ASA		2.650		01/15/24		8,885
	4,000,000		Statoil ASA		3.950		05/15/43		3,721
	12,150,000	g	Texas Eastern Transmission LP		2.800		10/15/22		11,251
	6,175,000		Weatherford International Ltd		4.500		04/15/22		6,466
			TOTAL ENERGY						119,272
FOOD & STAPLES RETAILING - 0.2%
	7,650,000		Kroger Co		1.200		10/17/16		7,658
	4,750,000		Kroger Co		2.200		01/15/17		4,859
	9,250,000		Kroger Co		2.300		01/15/19		9,162
	7,250,000		Safeway, Inc		3.400		12/01/16		7,592
			TOTAL FOOD & STAPLES RETAILING						29,271
FOOD, BEVERAGE & TOBACCO - 0.2%
	4,678,000		Kellogg Co		4.000		12/15/20		4,893
	14,000,000	i	Mondelez International, Inc		0.776		02/01/19		13,908
	5,000,000		PepsiCo, Inc		1.250		08/13/17		4,987
	428,000		PepsiCo, Inc		7.900		11/01/18		537
			TOTAL FOOD, BEVERAGE & TOBACCO						24,325
HEALTH CARE EQUIPMENT & SERVICES - 0.3%
	4,000,000		Becton Dickinson & Co		5.000		05/15/19		4,512
	2,000,000		Becton Dickinson & Co		6.000		05/15/39		2,464
	9,750,000		Laboratory Corp of America Holdings		2.500		11/01/18		9,716
	3,500,000		Medtronic, Inc		4.750		09/15/15		3,712
	2,500,000		Medtronic, Inc		6.500		03/15/39		3,189
	5,000,000		Providence Health & Services		5.050		10/01/14		5,103
	10,300,000		Thermo Fisher Scientific, Inc		1.300		02/01/17		10,238
	5,200,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		5,350
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						44,284
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	3,750,000		Clorox Co		3.800		11/15/21		3,864
	4,500,000		Colgate-Palmolive Co		2.300		05/03/22		4,280
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						8,144

347

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
INSURANCE - 0.3%
$	5,000,000		Berkshire Hathaway Finance Corp		0.950	%	08/15/16	$	5,026
	4,750,000	i	Berkshire Hathaway, Inc		0.936		08/15/14		4,763
	3,100,000		Progressive Corp		3.750		08/23/21		3,252
	19,950,000	i	Prudential Financial, Inc		5.200		03/15/44		19,801
	5,000,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		4,712
	3,750,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		3,499
	2,000,000		Travelers Cos, Inc		5.900		06/02/19		2,340
			TOTAL INSURANCE						43,393
MATERIALS - 0.6%
	4,405,000		Agrium, Inc		3.150		10/01/22		4,161
	3,335,000		Air Products & Chemicals, Inc		4.375		08/21/19		3,642
	1,000,000		Ball Corp		6.750		09/15/20		1,084
	2,275,000		Ball Corp		5.000		03/15/22		2,332
	8,930,000		Ball Corp		4.000		11/15/23		8,349
	4,000,000		Bemis Co, Inc		6.800		08/01/19		4,747
	5,750,000		Domtar Corp		4.400		04/01/22		5,729
	2,300,000		Eastman Chemical Co		5.500		11/15/19		2,591
	2,000,000		International Paper Co		5.300		04/01/15		2,087
	2,650,000		International Paper Co		7.300		11/15/39		3,457
	5,000,000		International Paper Co		6.000		11/15/41		5,733
	5,000,000		MeadWestvaco Corp		7.375		09/01/19		5,980
	14,500,000		Nucor Corp		4.000		08/01/23		14,461
	4,750,000		Praxair, Inc		1.050		11/07/17		4,654
	4,000,000		Praxair, Inc		2.450		02/15/22		3,781
	2,850,000		Rock Tenn Co		3.500		03/01/20		2,891
	2,850,000		Rock Tenn Co		4.000		03/01/23		2,866
	8,000,000		Sherwin-Williams Co		1.350		12/15/17		7,878
			TOTAL MATERIALS						86,423
MEDIA - 0.1%
	2,825,000		Discovery Communications LLC		4.950		05/15/42		2,780
	3,500,000		Time Warner Cable, Inc		3.500		02/01/15		3,585
	7,225,000		Time Warner Cable, Inc		8.250		04/01/19		9,002
	5,500,000	e	Time Warner Cable, Inc		4.500		09/15/42		5,049
			TOTAL MEDIA						20,416
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.9%
	9,500,000	i	AbbVie, Inc		0.997		11/06/15		9,594
	11,425,000		AbbVie, Inc		1.750		11/06/17		11,461
	2,695,000		Bristol-Myers Squibb Co		3.250		08/01/42		2,193
	4,375,000		Gilead Sciences, Inc		2.050		04/01/19		4,335
	2,250,000		Gilead Sciences, Inc		4.400		12/01/21		2,431
	11,450,000		Gilead Sciences, Inc		4.800		04/01/44		11,787
	4,600,000		Johnson & Johnson		2.150		05/15/16		4,747
	14,500,000		Johnson & Johnson		0.700		11/28/16		14,481
	15,300,000		Johnson & Johnson		4.375		12/05/33		16,050
	10,065,000		Johnson & Johnson		4.500		09/01/40		10,419
	8,080,000		Life Technologies Corp		3.500		01/15/16		8,418
	5,000,000		Merck & Co, Inc		2.250		01/15/16		5,148

348

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	9,000,000	i	Merck & Co, Inc		0.596	%	05/18/18	$	9,019
	2,550,000		Merck & Co, Inc		3.600		09/15/42		2,237
	4,750,000	g	Valeant Pharmaceuticals International, Inc		6.375		10/15/20		5,130
	475,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		499
	5,750,000	g	VPII Escrow Corp		6.750		08/15/18		6,325
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						124,274
REAL ESTATE - 0.5%
	8,325,000	g	DCT Industrial Operating Partnership LP		4.500		10/15/23		8,302
	8,907,000		Equity One, Inc		3.750		11/15/22		8,579
	1,400,000		Federal Realty Investment Trust		5.900		04/01/20		1,615
	10,100,000	e	Federal Realty Investment Trust		2.750		06/01/23		9,439
	3,400,000		Healthcare Realty Trust, Inc		5.750		01/15/21		3,766
	3,400,000		Kilroy Realty Corp		5.000		11/03/15		3,615
	10,050,000		Kilroy Realty LP		3.800		01/15/23		9,797
	12,300,000	g	Mid-America Apartments LP		6.250		06/15/14		12,435
	3,900,000		Mid-America Apartments LP		4.300		10/15/23		3,935
	3,125,000		Simon Property Group LP		2.800		01/30/17		3,257
	6,150,000		Ventas Realty LP		2.000		02/15/18		6,136
	2,400,000		Ventas Realty LP		3.250		08/15/22		2,313
			TOTAL REAL ESTATE						73,189
RETAILING - 0.1%
	5,000,000		AutoZone, Inc		5.750		01/15/15		5,198
	7,536,000		O’Reilly Automotive, Inc		3.800		09/01/22		7,416
			TOTAL RETAILING						12,614
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	7,500,000		Texas Instruments, Inc		2.375		05/16/16		7,765
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						7,765
SOFTWARE & SERVICES - 0.1%
	5,000,000		Adobe Systems, Inc		3.250		02/01/15		5,106
	9,750,000		International Business Machines Corp		0.550		02/06/15		9,775
	5,250,000		International Business Machines Corp		1.250		02/06/17		5,276
			TOTAL SOFTWARE & SERVICES						20,157
TECHNOLOGY HARDWARE & EQUIPMENT - 0.3%
	3,375,000		CC Holdings GS V LLC		2.381		12/15/17		3,375
	19,000,000	i	Hewlett-Packard Co		1.182		01/14/19		19,044
	5,000,000		Xerox Corp		8.250		05/15/14		5,042
	4,000,000		Xerox Corp		2.950		03/15/17		4,159
	11,000,000		Xerox Corp		2.750		03/15/19		11,009
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						42,629
TELECOMMUNICATION SERVICES - 0.3%
	3,400,000		CenturyLink, Inc		6.750		12/01/23		3,608
	12,825,000	g	Sprint Corp		7.250		09/15/21		13,979
	3,235,000		Sprint Nextel Corp		6.000		12/01/16		3,547
	9,750,000		Vodafone Group plc		1.500		02/19/18		9,586
	2,300,000		Windstream Corp		6.375		08/01/23		2,243
			TOTAL TELECOMMUNICATION SERVICES						32,963

349

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
TRANSPORTATION - 0.5%
$	4,600,000		Burlington Northern Santa Fe LLC		5.050	%	03/01/41	$	4,847
	2,100,000		Burlington Northern Santa Fe LLC		4.950		09/15/41		2,165
	5,000,000	e	CSX Corp		3.700		11/01/23		4,950
	6,500,000		CSX Corp		4.100		03/15/44		5,929
	7,250,000		GATX Corp		5.200		03/15/44		7,454
	2,500,000		Norfolk Southern Corp		5.750		01/15/16		2,705
	5,000,000		Norfolk Southern Corp		3.250		12/01/21		5,035
	12,775,000		Norfolk Southern Corp		3.000		04/01/22		12,442
	6,894,000		Norfolk Southern Corp		2.903		02/15/23		6,560
	475,000		Norfolk Southern Corp		5.590		05/17/25		531
	6,900,000	e	Ryder System, Inc		2.550		06/01/19		6,856
	1,360,000	i	United Parcel Service of America, Inc (Step Bond 8.375% until 04/01/20, 7.620% until 04/01/30)		8.375		04/01/30		1,950
	3,650,000		United Parcel Service, Inc		1.125		10/01/17		3,625
			TOTAL TRANSPORTATION						65,049
UTILITIES - 1.8%
	1,667,000		Arizona Public Service Co		5.050		09/01/41		1,826
	2,000,000		Atmos Energy Corp		8.500		03/15/19		2,552
	1,200,000		Connecticut Light & Power Co		5.500		02/01/19		1,371
	2,000,000		Connecticut Light & Power Co		5.750		03/01/37		2,291
	9,000,000		Delmarva Power & Light Co		3.500		11/15/23		9,033
	1,785,523	g	Great River Energy		5.829		07/01/17		1,921
	3,375,000	g	International Transmission Co		4.625		08/15/43		3,507
	7,250,000		ITC Holdings Corp		5.300		07/01/43		7,632
	9,250,000	g	Narragansett Electric Co		4.170		12/10/42		8,611
	9,500,000		Nevada Power Co		5.875		01/15/15		9,893
	9,450,000		NextEra Energy Capital Holdings, Inc		2.700		09/15/19		9,411
	9,750,000	g	Niagara Mohawk Power Corp		4.119		11/28/42		8,955
	14,150,000		NiSource Finance Corp		4.800		02/15/44		13,552
	6,000,000		Northeast Utilities		1.450		05/01/18		5,823
	9,750,000		Northern States Power Co		2.600		05/15/23		9,198
	1,500,000		Northwest Natural Gas Co		5.620		11/21/23		1,738
	14,000,000	i	NSTAR Electric Co		0.476		05/17/16		13,977
	5,000,000		Pacific Gas & Electric Co		8.250		10/15/18		6,224
	9,550,000		Pacific Gas & Electric Co		3.750		02/15/24		9,531
	3,750,000		Pacific Gas & Electric Co		5.400		01/15/40		4,106
	9,400,000		Pacific Gas & Electric Co		4.750		02/15/44		9,511
	15,000,000	e	PacifiCorp		3.600		04/01/24		15,170
	3,000,000		Pepco Holdings, Inc		2.700		10/01/15		3,067
	14,500,000		PG&E Corp		2.400		03/01/19		14,406
	630,000		Public Service Co of Colorado		4.750		08/15/41		675
	5,000,000		Public Service Co of New Hampshire		3.500		11/01/23		5,010
	5,500,000		San Diego Gas & Electric Co		3.000		08/15/21		5,535
	620,000		San Diego Gas & Electric Co		6.000		06/01/39		777
	10,000,000		Sempra Energy		2.300		04/01/17		10,225
	8,875,000		Sierra Pacific Power Co		3.375		08/15/23		8,805
	5,000,000	g	Texas Eastern Transmission LP		4.125		12/01/20		5,160
	17,250,000	g	Topaz Solar Farms LLC		4.875		09/30/39		16,829
	14,500,000	g	Topaz Solar Farms LLC		5.750		09/30/39		15,170
	5,000,000		Washington Gas Light Co		5.440		08/11/25		5,412

350

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
			TOTAL UTILITIES					$	246,904
			TOTAL CORPORATE BONDS						1,939,223
			(Cost $1,911,952)
GOVERNMENT BONDS -  22.8%
AGENCY SECURITIES - 3.8%
$	6,660,503		Cal Dive I- Title XI, Inc		4.930	%	02/01/27		7,163
	6,955,901		COP I LLC		3.613		12/05/21		7,461
	5,500,000		Federal Home Loan Bank (FHLB)		5.000		11/17/17		6,237
	17,166,667		FHLB		2.350		08/08/22		16,126
	4,635,000		Federal Home Loan Mortgage Corp (FHLMC)		2.500		04/23/14		4,642
	5,000,000		FHLMC		1.000		09/29/17		4,960
	3,000,000		Federal National Mortgage Association (FNMA)		2.500		05/15/14		3,009
	10,000,000		FNMA		2.625		11/20/14		10,158
	6,400,000		FNMA		1.125		04/27/17		6,432
	9,377,361		Gate Capital Cayman One Ltd		1.839		03/27/21		9,353
	6,721,100		Gate Capital Cayman Two		3.550		06/11/21		7,102
	1,096,000	j	Government Trust Certificate		0.000		04/01/19		979
	5,000,000	j	Government Trust Certificate		0.000		04/01/21		3,977
	13,500,000		Hashemite Kingdom of Jordan		2.503		10/30/20		13,479
	9,750,000	i	India Government AID Bond		0.338		02/01/27		9,287
	8,250,000		Lutheran Medical Center		1.982		02/20/30		7,667
	13,550,000		Micron Semiconductor Asia Pte Ltd		1.258		01/15/19		13,468
	4,420,000	g	Montefiore Medical Center		3.896		05/20/27		4,590
	545,934		National Credit Union Administration		1.840		10/07/20		550
	2,800,000	j	Overseas Private Investment Corp (OPIC)		0.000		07/12/14		2,834
	3,850,000	j	OPIC		0.000		07/12/14		4,126
	2,750,000	j	OPIC		0.000		04/30/15		2,775
	12,750,000	j	OPIC		0.000		11/17/16		13,467
	14,500,000	j	OPIC		0.000		11/17/16		14,438
	3,000,000	j	OPIC		0.000		04/30/18		3,077
	11,106,470		OPIC		1.030		04/15/19		11,018
	2,062,500		OPIC		1.300		06/15/19		2,040
	3,223,344		OPIC		5.142		12/15/23		3,594
	5,628,426		OPIC		2.290		09/15/26		5,493
	3,099,106		OPIC		2.040		12/15/26		2,984
	8,053,179		OPIC		4.440		02/27/27		8,722
	2,500,000		OPIC		2.610		04/15/30		2,287
	4,750,000		OPIC		2.930		05/15/30		4,535
	7,850,000		OPIC		3.040		05/15/30		7,561
	4,750,000		OPIC		4.010		05/15/30		4,925
	9,558,833		OPIC		3.540		06/15/30		9,775
	2,414,995		OPIC		2.310		11/15/30		2,183
	24,500,000		OPIC		3.370		12/15/30		24,699
	2,871,429		OPIC		3.590		12/15/30		2,957
	23,250,000		OPIC		3.820		12/20/32		23,556
	15,000,000		OPIC		3.938		12/20/32		15,367
	5,181,124		Premier Aircraft Leasing		3.576		02/06/22		5,478
	1,050,000		Private Export Funding Corp (PEFCO)		4.550		05/15/15		1,101
	9,750,000		PEFCO		2.125		07/15/16		10,086
	11,750,000		PEFCO		1.375		02/15/17		11,842

351

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	8,000,000		PEFCO		2.250	%	12/15/17	$	8,286
	5,000,000		PEFCO		4.375		03/15/19		5,564
	14,000,000		PEFCO		1.450		08/15/19		13,463
	17,500,000		PEFCO		4.300		12/15/21		19,427
	8,250,000		PEFCO		2.050		11/15/22		7,626
	3,553,822		Tayarra Ltd		3.628		02/15/22		3,765
	3,460,271		Tricahue Leasing LLC		3.503		11/19/21		3,649
	31,044,000	e	Tunisia Government AID Bonds		1.686		07/16/19		30,275
	9,375,000		Ulani MSN 35940 LLC		2.227		05/16/25		9,174
	5,007,000		United States Department of Housing and Urban Development (HUD)		5.380		08/01/18		5,559
	750,000		HUD		2.050		08/01/19		752
	9,500,000		HUD		4.870		08/01/19		10,756
	9,000,000		HUD		5.190		08/01/14		9,151
	1,900,000		HUD		2.200		08/01/15		1,948
	5,250,000		HUD		4.330		08/01/15		5,527
	3,894,000		HUD		2.910		08/01/17		4,111
	8,000,000		HUD		4.560		08/01/17		8,821
	10,750,000		HUD		1.770		08/01/18		10,769
	13,967,000		HUD		4.960		08/01/20		15,947
	13,500,000		HUD		5.050		08/01/21		15,454
	8,650,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		8,738
	1,197,904		VRG Linhas Aereas S.A.		1.000		06/30/14		1,200
			TOTAL AGENCY SECURITIES						537,522
FOREIGN GOVERNMENT BONDS - 4.7%
	24,000,000		African Development Bank		0.750		10/18/16		23,944
	6,000,000	g	Caisse d’Amortissement de la Dette Sociale		2.000		04/17/20		5,816
	24,000,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		23,895
	6,300,000		Canada Government International Bond		0.875		02/14/17		6,297
	8,767,726	g	Carpintero Finance Ltd		2.004		09/18/24		8,492
	24,750,000		Council of Europe Development Bank		1.500		01/15/15		24,988
	14,250,000	e	Council of Europe Development Bank		1.000		03/07/18		13,980
	24,000,000		European Bank for Reconstruction & Development		1.625		04/10/18		24,108
	2,000,000		European Investment Bank		4.875		02/15/36		2,299
	33,225,000		Export Development Canada		0.875		01/30/17		33,175
	18,175,000	e	Export-Import Bank of Korea		1.750		02/27/18		17,964
	14,500,000		Hydro Quebec		2.000		06/30/16		14,899
	10,200,000		Hydro Quebec		1.375		06/19/17		10,237
	6,082,000		Hydro Quebec		8.400		01/15/22		7,986
	19,000,000	i	International Bank for Reconstruction & Development		0.177		07/22/15		18,985
	49,000,000		International Bank for Reconstruction & Development		0.375		08/24/15		49,029
	3,000,000		International Bank for Reconstruction & Development		2.000		10/20/16		3,094
	55,210,000		International Finance Corp		2.250		04/28/14		55,288
	24,500,000		International Finance Corp		0.500		05/15/15		24,505
	24,000,000		International Finance Corp		0.500		05/16/16		23,934
	29,000,000	g,i	International Finance Facility for Immunisation		0.420		07/05/16		29,006
	2,850,000	e	Italy Government International Bond		5.375		06/12/17		3,124
	10,000,000		KFW		2.625		01/25/22		9,910
	19,000,000	g	Kommunalbanken AS.		0.750		11/21/16		18,778
	7,500,000	g	National Bank of Canada		2.200		10/19/16		7,733
	13,500,000		North American Development Bank		2.300		10/10/18		13,341
	23,425,000		North American Development Bank		2.400		10/26/22		21,887

352

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	17,500,000	g	Province of Alberta Canada		1.000	%	06/21/17	$	17,437
	4,000,000		Province of British Columbia Canada		2.850		06/15/15		4,123
	5,000,000		Province of British Columbia Canada		1.200		04/25/17		5,020
	15,250,000		Province of Manitoba Canada		1.750		05/30/19		15,004
	15,000,000		Province of Manitoba Canada		2.100		09/06/22		14,002
	10,000,000		Province of New Brunswick Canada		2.750		06/15/18		10,376
	5,000,000		Province of Nova Scotia Canada		2.375		07/21/15		5,121
	8,100,000		Province of Ontario Canada		2.950		02/05/15		8,282
	9,450,000		Province of Ontario Canada		2.700		06/16/15		9,718
	15,000,000		Province of Ontario Canada		2.300		05/10/16		15,518
	9,500,000		Province of Ontario Canada		1.200		02/14/18		9,365
	5,000,000	e	Province of Ontario Canada		4.400		04/14/20		5,522
	10,000,000		Province of Quebec Canada		3.500		07/29/20		10,512
	5,000,000		Province of Quebec Canada		7.500		09/15/29		6,921
			TOTAL FOREIGN GOVERNMENT BONDS						633,615
MORTGAGE BACKED - 7.9%
	1,186,537	i	Federal Home Loan Mortgage Corp (FHLMC)		2.380		02/01/36		1,262
	2,900,808	i	FHLMC		2.561		07/01/36		3,100
	3,678,159	i	FHLMC		2.255		09/01/36		3,955
	780,034	i	FHLMC		2.366		09/01/36		838
	585,562	i	FHLMC		2.512		02/01/37		621
	2,990,468	i	FHLMC		2.486		03/01/37		3,174
	1,288,946	i	FHLMC		6.010		04/01/37		1,365
	1,371,801	i	FHLMC		2.616		08/01/37		1,456
	2,568,591	i	FHLMC		1.702		09/01/37		2,698
	64,344		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		67
	143,795		FGLMC		6.000		12/01/17		153
	1,976,598		FGLMC		4.500		01/01/19		2,091
	746,197		FGLMC		5.500		01/01/19		794
	689,729		FGLMC		5.000		02/01/19		732
	284,875		FGLMC		4.500		01/01/20		301
	90,160		FGLMC		4.500		07/01/20		96
	110,302		FGLMC		7.000		10/01/20		119
	671,331		FGLMC		4.500		06/01/21		712
	2,248,190		FGLMC		4.500		06/01/21		2,383
	363,779		FGLMC		4.500		03/01/23		389
	277,305		FGLMC		5.000		04/01/23		300
	9,746		FGLMC		7.000		05/01/23		11
	1,026,198		FGLMC		4.000		07/01/24		1,087
	344,227		FGLMC		4.500		09/01/24		368
	26,488		FGLMC		8.000		01/01/31		30
	758,927		FGLMC		4.500		07/01/33		812
	1,334,199		FGLMC		5.500		09/01/33		1,487
	1,265,298		FGLMC		5.500		09/01/33		1,402
	2,028,293		FGLMC		5.500		12/01/33		2,249
	4,496,086		FGLMC		7.000		12/01/33		5,138
	1,629,456		FGLMC		7.000		05/01/35		1,862
	246,557		FGLMC		5.000		02/01/36		268
	13,653		FGLMC		6.500		05/01/36		15
	7,467,241		FGLMC		4.000		12/15/37		7,838
	1,157,484		FGLMC		5.000		07/01/39		1,257
	4,350,069		FGLMC		4.500		11/01/40		4,686

353

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	5,020,494		FGLMC		4.500	%	12/01/40	$	5,398
	1,000,000	h	FGLMC		4.500		04/15/44		1,066
	9,000,000	h	FGLMC		4.000		05/15/44		9,304
	3,773,535		Federal National Mortgage Association (FNMA)		4.265		06/01/14		3,783
	800		FNMA		8.500		11/01/14		1
	33,076		FNMA		6.500		10/01/16		34
	214,677		FNMA		6.500		04/01/17		227
	79,084		FNMA		6.500		02/01/18		83
	1,624,653		FNMA		5.500		11/01/18		1,740
	1,139,792		FNMA		5.000		12/01/18		1,213
	1,051,006		FNMA		5.000		01/01/19		1,125
	105,589		FNMA		6.000		01/01/19		117
	102,794		FNMA		6.000		02/01/19		114
	330,281		FNMA		4.000		02/25/19		346
	34,557		FNMA		4.500		03/01/19		37
	146,868		FNMA		4.500		11/01/20		156
	1,002,538		FNMA		5.500		08/01/21		1,090
	366,046		FNMA		4.500		03/01/23		388
	21,655		FNMA		8.000		03/01/23		24
	990,609		FNMA		5.000		07/01/23		1,067
	60,637		FNMA		5.000		01/01/24		66
	194,011		FNMA		5.500		02/01/24		214
	584,601		FNMA		4.000		05/01/24		619
	40,799		FNMA		8.000		07/01/24		47
	795,893		FNMA		4.500		08/01/24		844
	3,259,324		FNMA		4.000		09/01/24		3,451
	6,076,420		FNMA		3.000		05/01/27		6,254
	2,000,000	h	FNMA		2.500		04/25/29		1,998
	14,000,000	h	FNMA		3.000		04/25/29		14,381
	27,000,000	h	FNMA		3.500		04/25/29		28,308
	34,000,000	h	FNMA		4.000		04/25/29		35,948
	5,000,000	h	FNMA		2.500		05/25/29		4,983
	14,000,000	h	FNMA		3.000		05/25/29		14,341
	10,000,000	h	FNMA		2.500		06/25/29		9,936
	23,389,303		FNMA		3.000		03/25/31		24,172
	611,841		FNMA		6.500		07/01/32		692
	801,845		FNMA		4.500		03/25/33		835
	5,861,487		FNMA		3.000		10/01/33		5,852
	773,450		FNMA		5.000		11/01/33		842
	11,857,931		FNMA		4.000		01/01/34		12,474
	87,278		FNMA		7.000		01/01/34		95
	3,846,384		FNMA		3.500		03/25/34		3,810
	35,659		FNMA		7.500		06/01/35		39
	416,285	i	FNMA		2.261		02/01/36		445
	747,717	i	FNMA		2.379		07/01/36		807
	3,097,350	i	FNMA		2.338		01/01/37		3,332
	1,124,100		FNMA		6.000		09/01/37		1,258
	1,115,379		FNMA		6.000		09/01/37		1,258
	383,719		FNMA		6.500		09/01/37		430
	488,600	i	FNMA		2.400		10/01/37		523
	22,799		FNMA		6.500		02/01/38		26
	711,004	i	FNMA		2.023		10/01/38		758
	8,506,901		FNMA		5.500		12/01/38		9,502

354

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,950,484		FNMA		4.000	%	02/01/39	$	8,262
	2,256,610		FNMA		4.000		04/01/39		2,355
	2,882,078		FNMA		5.500		08/01/39		3,189
	938,012	h	FNMA		3.500		01/01/41		944
	7,074,685	h	FNMA		3.500		03/01/41		7,123
	1,672,400	h	FNMA		3.500		11/01/41		1,684
	1,939,290	h	FNMA		3.500		11/01/41		1,952
	1,931,861		FNMA		4.000		12/01/41		2,016
	1,914,138	h	FNMA		3.500		01/01/42		1,929
	12,819,731	h	FNMA		3.000		10/01/42		12,389
	2,777,976		FNMA		3.500		10/01/42		2,797
	386,594		FNMA		3.500		12/01/42		385
	13,863,575		FNMA		3.000		01/01/43		13,275
	9,593,543		FNMA		3.000		01/01/43		9,272
	4,389,441		FNMA		3.000		01/01/43		4,242
	2,402,089	h	FNMA		3.500		01/01/43		2,418
	12,266,054		FNMA		3.000		02/01/43		11,854
	5,704,321		FNMA		3.000		02/01/43		5,513
	1,893,971		FNMA		3.000		02/01/43		1,832
	1,613,358		FNMA		3.500		02/01/43		1,608
	3,551,476		FNMA		3.500		02/01/43		3,582
	2,058,472		FNMA		3.500		03/01/43		2,052
	5,652,406		FNMA		3.000		05/01/43		5,465
	534,853		FNMA		3.500		05/01/43		539
	903,559		FNMA		3.500		05/01/43		911
	554,461		FNMA		3.500		05/01/43		559
	1,234,676		FNMA		3.500		06/01/43		1,245
	2,351,091		FNMA		3.500		06/01/43		2,343
	1,947,869		FNMA		3.500		06/01/43		1,942
	2,373,698		FNMA		3.500		06/01/43		2,394
	1,145,099		FNMA		3.500		06/01/43		1,155
	644,013		FNMA		3.500		06/01/43		642
	540,352		FNMA		3.500		06/01/43		545
	443,475		FNMA		3.500		06/01/43		447
	898,727		FNMA		3.500		06/01/43		906
	3,268,981		FNMA		3.500		07/01/43		3,297
	1,572,339		FNMA		3.500		07/01/43		1,586
	1,961,223		FNMA		3.500		07/01/43		1,955
	360,057		FNMA		3.500		08/01/43		359
	16,319,837		FNMA		4.000		09/01/43		17,040
	9,231,409		FNMA		4.000		09/01/43		9,640
	19,439,659		FNMA		4.000		09/01/43		20,279
	1,551,182		FNMA		3.500		10/01/43		1,546
	2,097,852		FNMA		3.500		11/01/43		2,091
	3,295,376		FNMA		4.000		12/01/43		3,441
	3,284,371		FNMA		4.000		12/01/43		3,430
	955,523		FNMA		3.500		01/01/44		952
	3,836,570		FNMA		4.000		02/25/44		4,029
	30,000,000	h	FNMA		3.500		04/25/44		30,178
	56,000,000	h	FNMA		4.000		04/25/44		58,205
	23,000,000	h	FNMA		4.500		04/25/44		24,535
	10,000,000	h	FNMA		5.000		04/25/44		10,902
	10,000,000	h	FNMA		5.500		04/25/44		11,043

355

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	57,000,000	h	FNMA		3.500	%	05/25/44	$	57,142
	25,000,000	h	FNMA		4.000		05/25/44		25,895
	38,000,000	h	FNMA		4.500		05/25/44		40,399
	55,000,000	h	FNMA		5.000		05/25/44		59,817
	7,000,000	h	FNMA		5.500		05/25/44		7,720
	2,801,628		Government National Mortgage Assocaition (GNMA)		5.000		02/20/44		3,067
	22,235		GNMA		9.000		12/15/17		24
	5,223,065		GNMA		2.300		10/15/19		5,352
	12,942		GNMA		8.000		06/15/22		14
	24,722		GNMA		6.500		08/15/23		28
	9,509		GNMA		6.500		08/15/23		11
	7,829,071		GNMA		2.580		08/15/25		7,975
	125,956		GNMA		6.500		05/20/31		146
	9,565,664		GNMA		2.640		01/15/33		9,252
	341,790		GNMA		5.500		07/15/33		382
	208,171		GNMA		6.000		10/20/36		236
	220,682		GNMA		6.000		01/20/37		250
	737,109		GNMA		5.500		02/15/37		820
	1,140,176		GNMA		6.000		02/20/37		1,292
	548,842		GNMA		5.000		04/15/38		600
	417,579		GNMA		6.000		08/20/38		473
	818,522		GNMA		6.500		11/20/38		926
	2,359,012		GNMA		4.500		07/20/39		2,550
	740,366		GNMA		5.000		07/20/39		808
	3,041,227		GNMA		5.000		09/20/43		3,327
	2,414,330		GNMA		5.000		03/20/44		2,647
	56,000,000	h	GNMA		3.000		04/15/44		55,064
	70,000,000	h	GNMA		3.500		04/15/44		71,411
	23,000,000	h	GNMA		4.000		04/15/44		24,157
	37,000,000	h	GNMA		4.500		04/15/44		39,879
	11,000,000	h	GNMA		6.000		04/15/44		12,305
	23,000,000	h	GNMA		3.500		04/20/44		23,471
	15,000,000	h	GNMA		4.000		04/20/44		15,762
	8,000,000	h	GNMA		4.500		04/20/44		8,624
			TOTAL MORTGAGE BACKED						1,077,069
MUNICIPAL BONDS - 2.5%
	6,520,000		American Municipal Power		6.270		02/15/50		7,419
	4,500,000	g	Basin Electric Power Coop		6.127		06/01/41		4,685
	1,090,000		Bay Area Water Supply & Conservation Agency		1.311		10/01/17		1,079
	3,790,000		Bay Area Water Supply & Conservation Agency		2.535		10/01/21		3,635
	2,635,000		Bay Area Water Supply & Conservation Agency		3.015		10/01/24		2,482
	1,410,000		Broward County FL Water & Sewer Utility Revenue		1.910		10/01/18		1,411
	6,165,000	g	California Pollution Control Financing Authority		5.000		07/01/27		6,353
	8,020,000	g	California Pollution Control Financing Authority		5.000		07/01/37		8,084
	3,700,000		Calleguas Municipal Water District		2.030		07/01/18		3,639
	2,375,000		Charlotte-Mecklenburg Hospital Authority		5.000		08/01/15		2,451
	1,400,000		Chelan County Public Utility District No		1.398		07/01/14		1,403
	2,300,000		Chelan County Public Utility District No		1.867		07/01/15		2,341
	5,000,000		Chicago Metropolitan Water Reclamation District-Greater Chicago		5.720		12/01/38		5,741
	1,250,000		City & County of Honolulu, HI		6.114		07/01/29		1,394
	4,000,000		City of Dallas, TX		5.078		02/15/22		4,501

356

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,500,000		City of Dallas, TX		5.195	%	02/15/35	$	1,620
	810,000		City of Eugene, OR		6.320		08/01/22		950
	12,500,000		City of Houston TX Utility System Revenue		2.563		05/15/20		12,414
	10,095,000		City of Houston TX Utility System Revenue		2.923		05/15/21		10,060
	260,000		City of Jersey City NJ		0.942		09/01/14		260
	1,615,000		City of Jersey City NJ		1.192		09/01/15		1,618
	2,200,000		City of Jersey City NJ		1.509		09/01/16		2,195
	2,180,000		City of Jersey City NJ		1.829		09/01/17		2,168
	500,000		City of Jersey City NJ		2.079		09/01/18		493
	925,000		City of Jersey City NJ		2.423		09/01/19		906
	5,000,000		City of New York, NY		4.500		06/01/15		5,033
	4,500,000		City of Seattle WA Municipal Light & Power Revenue		3.500		06/01/30		4,217
	1,000,000		Commonwealth Financing Authority		2.675		06/01/21		965
	1,150,000		Commonwealth Financing Authority		2.875		06/01/22		1,125
	2,310,000		Commonwealth Financing Authority		3.075		06/01/23		2,189
	24,000,000		Commonwealth of Massachusetts		5.000		08/01/33		26,603
	5,000,000		Commonwealth of Massachusetts		5.456		12/01/39		5,727
	1,105,000		County of Mercer, NJ		5.380		02/01/17		1,121
	4,000,000		Dallas County Hospital District		5.621		08/15/44		4,628
	1,680,000		Douglas County Public Utility District No 1 Wells Hydroelectric		5.112		09/01/18		1,774
	5,705,000		Fiscal Year 2005 Securitization Corp		4.760		08/15/19		6,081
	500,000		Florida Governmental Utility Authority		2.000		10/01/16		496
	9,750,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		9,848
	15,630,000	j	Garden State Preservation Trust		0.000		11/01/22		12,199
	500,000		Grant County Public Utility District No 2		4.700		01/01/28		504
	1,000,000		Grant County Public Utility District No 2		5.470		01/01/34		1,039
	1,250,000		Grant County Public Utility District No 2		4.164		01/01/35		1,186
	4,135,000		Greene County OH		2.720		12/01/21		4,014
	4,365,000		Greene County OH		3.120		12/01/23		4,180
	4,615,000		Greene County OH		3.270		12/01/24		4,396
	4,755,000		Greene County OH		3.420		12/01/25		4,546
	1,800,000		Guadalupe Valley Electric Coop, Inc		5.671		10/01/32		1,657
	975,000		Guadalupe-Blanco River Authority Industrial Development Corp		3.287		04/15/23		947
	3,490,000		Guadalupe-Blanco River Authority Industrial Development Corp		4.633		04/15/33		3,438
	1,000,000		Kansas Development Finance Authority		4.592		05/01/14		1,003
	1,350,000		Kansas Development Finance Authority		4.722		05/01/15		1,397
	845,000		Massachusetts Housing Finance Agency		1.306		06/01/16		848
	460,000		Massachusetts Housing Finance Agency		1.776		06/01/17		459
	5,655,000		Massachusetts Housing Finance Agency		4.782		12/01/20		6,089
	5,400,000		Massachusetts St. Water Pollution Abatement		5.192		08/01/40		5,944
	3,500,000		Metropolitan Council		1.750		09/01/20		3,350
	3,000,000		Metropolitan Washington Airports Authority		5.690		10/01/30		3,112
	5,000,000		Metropolitan Water District of Southern California		6.250		07/01/39		5,375
	750,000		Metropolitan Water Reclamation District of Greater Chicago		2.229		12/01/16		769
	5,000,000		Mississippi Development Bank Special Obligation		5.320		07/01/14		5,039
	1,130,000		New York State Energy Research & Development Authority		1.028		07/01/16		1,127
	1,590,000		New York State Energy Research & Development Authority		2.372		07/01/19		1,590
	1,285,000		New York State Energy Research & Development Authority		2.772		07/01/20		1,287
	1,590,000		New York State Energy Research & Development Authority		3.206		07/01/22		1,596
	1,000,000		New York State Environmental Facilities Corp		1.755		06/15/18		986

357

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

						MATURITY	VALUE
PRINCIPAL		ISSUER	RATE			DATE	(000)
$	1,200,000	New York State Environmental Facilities Corp		2.005	%	06/15/19	$	1,174
	1,220,000	New York State Environmental Facilities Corp		2.595		06/15/21		1,180
	1,255,000	New York State Environmental Facilities Corp		3.045		06/15/24		1,188
	1,225,000	New York State Environmental Facilities Corp		3.195		06/15/25		1,162
	500,000	New York State Environmental Facilities Corp		3.684		12/15/29		469
	3,000,000	New York State Urban Development Corp		6.500		12/15/18		3,437
	2,230,000	Newport News Economic Development Authority		5.640		01/15/29		2,403
	270,000	Newport News Economic Development Authority		5.640		01/15/29		279
	1,250,000	Niagara Area Development Corp		4.000		11/01/24		1,212
	4,750,000	Northern California Power Agency		4.320		07/01/24		4,624
	2,450,000	Ohio State Water Development Authority		4.879		12/01/34		2,609
	2,500,000	Oklahoma Capital Improvement Authority		5.180		07/01/14		2,530
	635,000	Oklahoma Water Resources Board		2.444		04/01/20		632
	700,000	Oklahoma Water Resources Board		3.071		04/01/22		699
	715,000	Pend Oreille County Public Utility District No  Box Canyon		1.406		01/01/15		716
	1,220,000	Pend Oreille County Public Utility District No  Box Canyon		1.987		01/01/16		1,224
	1,000,000	Pend Oreille County Public Utility District No  Box Canyon		2.417		01/01/17		1,006
	1,000,000	Pend Oreille County Public Utility District No  Box Canyon		2.787		01/01/18		1,005
	1,000,000	Pend Oreille County Public Utility District No  Box Canyon		3.037		01/01/19		997
	1,070,000	Pend Oreille County Public Utility District No  Box Canyon		3.621		01/01/21		1,061
	1,750,000	South Dakota Conservancy District		1.013		08/01/16		1,759
	3,330,000	South Dakota Conservancy District		1.648		08/01/18		3,309
	3,975,000	State of California		1.050		02/01/16		3,989
	7,050,000	State of California		4.988		04/01/39		7,041
	5,000,000	State of Connecticut		5.090		10/01/30		5,307
	2,050,000	State of Hawaii		4.670		05/01/14		2,057
	5,570,000	State of Illinois		4.350		06/01/18		5,884
	9,000,000	State of Illinois		5.520		04/01/38		8,730
	5,000,000	State of Michigan		2.302		11/01/14		5,052
	4,505,000	State of Michigan		3.375		12/01/20		4,624
	2,500,000	State of Ohio		5.412		09/01/28		2,855
	3,050,000	State of Oregon		5.030		08/01/14		3,098
	3,265,000	State of Texas		4.900		08/01/20		3,398
	5,000,000	State of Texas		6.072		10/01/29		5,765
	2,590,000	State of Washington		5.050		01/01/18		2,597
	1,033,000	State of Wisconsin		5.700		05/01/26		1,170
	5,000,000	Tuolumne Wind Project Authority		6.918		01/01/34		5,516
	600,000	West Virginia Water Development Authority		5.000		11/01/21		700
	1,345,000	West Virginia Water Development Authority		5.000		11/01/22		1,575
	1,000,000	West Virginia Water Development Authority		5.000		11/01/23		1,176
		TOTAL MUNICIPAL BONDS						342,395
U.S. TREASURY SECURITIES - 3.9%
	6,000,000	United States Treasury Bond		3.125		02/15/43		5,522
	131,045,000	United States Treasury Bond		2.875		05/15/43		114,378
	83,190,000	United States Treasury Bond		3.750		11/15/43		86,127
	5,985,000	United States Treasury Note		0.250		05/31/14		5,987
	22,395,000	United States Treasury Note		2.375		08/31/14		22,606
	3,631,000	United States Treasury Note		2.500		04/30/15		3,722
	10,690,000	United States Treasury Note		0.250		05/31/15		10,701
	17,895,000	United States Treasury Note		1.875		06/30/15		18,273
	21,500,000	United States Treasury Note		0.250		07/31/15		21,519
	7,565,000	United States Treasury Note		0.250		12/31/15		7,555

358

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	6,000,000		United States Treasury Note		0.625	%	07/15/16	$	6,008
	21,185,000		United States Treasury Note		0.625		02/15/17		21,051
	1,570,000		United States Treasury Note		0.750		03/15/17		1,564
	113,623,900		United States Treasury Note		1.500		02/28/19		112,488
	3,000,000		United States Treasury Note		1.625		03/31/19		2,985
	4,300,000		United States Treasury Note		1.875		06/30/20		4,235
	12,234,500		United States Treasury Note		1.625		11/15/22		11,322
	76,724,000		United States Treasury Note		2.750		02/15/24		76,892
			TOTAL U.S. TREASURY SECURITIES						532,935
			TOTAL GOVERNMENT BONDS						3,123,536
			(Cost $3,096,216)
STRUCTURED ASSETS - 1.9%
ASSET BACKED - 1.1%
	1,500,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		1,498
			Series - 2013 1 (Class C)
	3,750,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		3,936
			Series - 2010 3A (Class B)
	4,500,000	g	Avis Budget Rental Car Funding AESOP LLC		5.110		03/20/17		4,809
			Series - 2010 5A (Class B)
	4,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		4,296
			Series - 2011 5A (Class B)
	705,390	i	Bear Stearns Asset Backed Securities Trust		0.894		11/25/39		693
			Series - 2005 SD3 (Class 2A1)
	900,000		Capital Auto Receivables Asset Trust		1.290		04/20/18		899
			Series - 2013 1 (Class B)
	975,000		Capital Auto Receivables Asset Trust		1.740		10/22/18		968
			Series - 2013 1 (Class C)
	3,501,139	i	Chase Funding Loan Acquisition Trust		1.009		06/25/34		3,214
			Series - 2004 OPT1 (Class M1)
	477,457	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		480
			Series - 2007 MX1 (Class A1)
	1,715,000	g,i	DB/UBS Mortgage Trust		5.558		11/10/46		1,905
			Series - 2011 LC1A (Class C)
	12,610,000	g	Dominos Pizza Master Issuer LLC		5.216		01/25/42		13,489
			Series - 2012 1A (Class A2)
	537,657	g,i	Flagstar Home Equity Loan Trust		5.781		01/25/35		537
			Series - 2007 1A (Class AF3)
	1,500,000		Ford Credit Auto Owner Trust		3.210		07/15/17		1,544
			Series - 2011 A (Class D)
	500,000	g	Hertz Vehicle Financing LLC		6.440		02/25/19		563
			Series - 2010 1A (Class B3)
	10,000,000	g	HLSS Servicer Advance Receivables Backed Notes		1.244		01/17/45		10,006
			Series - 2014 T1 (Class AT1)
	1,800,000	g	HLSS Servicer Advance Receivables Backed Notes		2.286		01/17/45		1,801
			Series - 2014 T1 (Class DT1)
	2,027,136	i	Lehman XS Trust		0.404		02/25/36		1,833
			Series - 2006 1 (Class 1A1)
	5,469,391		Lehman XS Trust		6.500		06/25/46		4,289
			Series - 2006 13 (Class 2A1)
	123,526	i	Long Beach Mortgage Loan Trust		0.904		02/25/35		123
			Series - 2005 1 (Class M1)

359

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	14,500,000	g,m	New Residential Advance Receivables Trust Advance Receivables Backed		1.274	%	03/15/45	$	14,500
			Series - 2014 T1 (Class A1)
	1,250,000	g,m	New Residential Advance Receivables Trust Advance Receivables Backed		2.266		03/15/45		1,250
			Series - 2014 T1 (Class D1)
	1,629,373	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.674		01/25/36		1,620
			Series - 2005 WCH1 (Class M2)
	562,618	i	Residential Asset Mortgage Products, Inc		4.970		09/25/33		581
			Series - 2003 RZ5 (Class A7)
	427,921	i	Residential Asset Securities Corp		0.584		04/25/35		424
			Series - 2005 KS3 (Class M3)
	2,932,476		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		2,975
			Series - 2006 HI5 (Class A3)
	927,472		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		931
			Series - 2006 HI3 (Class A3)
	1,918,628	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		1,949
			Series - 2006 HI1 (Class M1)
	200,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		210
			Series - 2006 HI1 (Class M2)
	2,000,000		Santander Drive Auto Receivables Trust		1.760		01/15/19		2,008
			Series - 2013 1 (Class C)
	601,591	i	Securitized Asset Backed Receivables LLC		0.454		10/25/35		588
			Series - 2006 OP1 (Class A2C)
	3,006,541	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		3,078
			Series - 2012 2A (Class B)
	2,360,190	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		2,369
			Series - 2013 1A (Class A)
	10,045,000	g	SLM Student Loan Trust		3.740		02/15/29		10,526
			Series - 2011 B (Class A2)
	891,925	i	Soundview Home Equity Loan Trust		0.454		11/25/35		881
			Series - 2005 OPT3 (Class A4)
	247,399	i	Structured Asset Investment Loan Trust		0.754		05/25/35		247
			Series - 2005 4 (Class M1)
	1,977,682	g,i	Structured Asset Securities Corp		0.374		10/25/36		1,914
			Series - 2006 GEL4 (Class A2)
	24,000,000		Toyota Auto Receivables Owner Trust		0.410		08/15/16		24,007
			Series - 2014 A (Class A2)
	24,000,000		Toyota Auto Receivables Owner Trust		0.670		12/15/17		24,035
			Series - 2014 A (Class A3)
	2,750,000	g	Vornado DP LLC		5.280		09/13/28		3,022
			Series - 2010 VNO (Class C)
	635,600	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		643
			Series - 2006 N1 (Class N1)
	869,161	g,i	Wachovia Loan Trust		0.514		05/25/35		819
			Series - 2005 SD1 (Class A)
	393,383	i	Wells Fargo Home Equity Trust		0.294		07/25/36		390
			Series - 2006 2 (Class A3)
			TOTAL ASSET BACKED						155,850

360

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
OTHER MORTGAGE BACKED - 0.8%
$	5,416,386	i	Banc of America Commercial Mortgage Trust		5.482	%	01/15/49	$	5,692
			Series - 2007 1 (Class AMFX)
	3,038,000	i	Banc of America Commercial Mortgage Trust		5.813		02/10/51		3,372
			Series - 2007 4 (Class AM)
	1,590,000	i	Bear Stearns Commercial Mortgage Securities		5.958		09/11/42		1,732
			Series - 2007 T28 (Class AJ)
	4,200,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		4,387
			Series - 2007 PW15 (Class AM)
	500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		545
			Series - 2007 C3 (Class AM)
	2,750,000	i	COBALT CMBS Commercial Mortgage Trust		5.526		04/15/47		3,023
			Series - 2007 C2 (Class AMFX)
	1,568,005		Countrywide Alternative Loan Trust		5.500		08/25/16		1,623
			Series - 2004 30CB (Class 1A15)
	54,744		Countrywide Alternative Loan Trust		5.500		08/25/34		55
			Series - 2004 14T2 (Class A2)
	498,639		Countrywide Home Loan Mortgage Pass Through Trust		5.250		02/25/16		498
			Series - 2005 6 (Class 1A10)
	775,518		Countrywide Home Loan Mortgage Pass Through Trust		4.750		09/25/18		794
			Series - 2003 35 (Class 1A1)
	40,374		Countrywide Home Loan Mortgage Pass Through Trust		5.250		05/25/35		40
			Series - 2005 12 (Class 1A5)
	280,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		286
			Series - 2005 C5 (Class C)
	980,461	g,i	Credit Suisse Mortgage Capital Certificates		0.335		04/15/22		972
			Series - 2007 TF2A (Class A1)
	3,550,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		3,888
			Series - 2006 OMA (Class D)
	5,965,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		6,419
			Series - 2006 C4 (Class AM)
	3,500,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		3,650
			Series - 2009 RR1 (Class A3C)
	2,535,000	g,i	GS Mortgage Securities Corp II		5.225		12/10/43		2,778
			Series - 2010 C2 (Class B)
	1,554,429	i	HarborView Mortgage Loan Trust		0.376		07/19/47		1,322
			Series - 2007 4 (Class 2A1)
	1,061,139	i	Impac CMB Trust		0.814		03/25/35		968
			Series - 2004 11 (Class 2A1)
	2,125,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.259		07/15/46		2,313
			Series - 2011 C4 (Class C)
	2,030,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.884		02/15/51		2,191
			Series - 2007 C1 (Class AM)
	3,780,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		3,832
			Series - 2005 LDP2 (Class C)
	11,892,540		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		12,651
			Series - 2006 LDP9 (Class A1A)
	8,029,215	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		8,956
			Series - 2007 LD12 (Class AM)
	570,000		LB-UBS Commercial Mortgage Trust		5.378		11/15/38		620
			Series - 2006 C7 (Class AM)
	7,895,000	i	LB-UBS Commercial Mortgage Trust		5.493		02/15/40		8,389
			Series - 2007 C2 (Class AM)
	275,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		288
			Series - 2005 C5 (Class AJ)

361

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	645,000	i	Merrill Lynch Mortgage Trust		6.326	%	02/12/51	$	702
			Series - 0 C1 (Class AJA)
	855,000	g,i	Morgan Stanley Capital I		5.811		08/12/41		894
			Series - 2006 T23 (Class B)
	710,000	g,i	Morgan Stanley Capital I		5.252		09/15/47		745
			Series - 2011 C1 (Class D)
	2,750,000	g	OBP Depositor LLC Trust		4.646		07/15/45		3,022
			Series - 2010 OBP (Class A)
	690,263		Residential Accredit Loans, Inc		4.350		03/25/34		715
			Series - 2004 QS4 (Class A1)
	570,309		RFMSI Trust		5.500		03/25/35		587
			Series - 2005 S2 (Class A6)
	1,186,672	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		1,211
			Series - 2012 1A (Class A)
	959,480	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		973
			Series - 0 2A (Class A)
	5,585,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		6,045
			Series - 2007 C30 (Class AM)
	890,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		985
			Series - 2007 C34 (Class AM)
	1,700,000	i	Wachovia Bank Commercial Mortgage Trust		5.933		05/15/46		1,725
			Series - 2007 C34 (Class AJ)
	1,975,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		2,165
			Series - 2007 C31 (Class AM)
	1,330,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		1,298
			Series - 2007 C32 (Class AJ)
	875,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		700
			Series - 2007 C32 (Class B)
	2,700,503	i	WaMu Mortgage Pass-Through Certificates		0.504		12/25/45		2,457
			Series - 2005 AR19 (Class A1B3)
			TOTAL OTHER MORTGAGE BACKED						105,508
			TOTAL STRUCTURED ASSETS						261,358
			(Cost $258,488)
			TOTAL BONDS						5,324,117
			(Cost $5,266,656)
SHARES			COMPANY
COMMON STOCKS - 59.4%
AUTOMOBILES & COMPONENTS - 1.6%
	67,500		Aisin Seiki Co Ltd						2,437
	127,203		Bayerische Motoren Werke AG.						16,074
	37,510		Bayerische Motoren Werke AG. (Preference)						3,544
	57,475		BorgWarner, Inc						3,533
	6,602		Delphi Automotive plc						448
	187,700		Denso Corp						9,001
	897		Dorman Products, Inc						53
	3,056,597		Ford Motor Co						47,683
	71,000		Fuji Heavy Industries Ltd						1,923

362

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	252,970		GKN plc	$	1,648
	236,929		Harley-Davidson, Inc		15,782
	384,280		Honda Motor Co Ltd		13,522
	755,892		Johnson Controls, Inc		35,769
	19,200		Magna International, Inc (Class A)		1,846
	25,400		Mitsubishi Motors Corp		265
	38,400	*	Modine Manufacturing Co		563
	910,900		Nissan Motor Co Ltd		8,119
	97,815		Pirelli & C S.p.A.		1,539
	109,499		Renault S.A.		10,636
	9,200		Stanley Electric Co Ltd		204
	123,300		Suzuki Motor Corp		3,215
	107,999	*	Tenneco, Inc		6,271
	87,232	*,e	Tesla Motors, Inc		18,183
	2,900		Toyoda Gosei Co Ltd		56
	3,500	e	Toyota Boshoku Corp		35
	81,600		Toyota Industries Corp		3,922
	31,714		Volkswagen AG. (Preference)		8,223
	102,500		Yamaha Motor Co Ltd		1,635
			TOTAL AUTOMOBILES & COMPONENTS		216,129
BANKS - 3.6%
	1,120	e	Arrow Financial Corp		30
	51,058		Associated Banc-Corp		922
	4,424		Astoria Financial Corp		61
	532,495		Australia & New Zealand Banking Group Ltd		16,381
	2,231,892		Banca Intesa S.p.A.		7,573
	1,640,672		Banco Bilbao Vizcaya Argentaria S.A.		19,728
	1,723,582	*,e	Banco Espirito Santo S.A.		3,228
	21,859		Bank Mutual Corp		139
	25,289		Bank of Hawaii Corp		1,533
	207,400		Bank of Nova Scotia		12,012
	1,632		Bank of the Ozarks, Inc		111
	971,529		BB&T Corp		39,026
	10,404		BBCN Bancorp, Inc		178
	4,422		Bendigo Bank Ltd		47
	1,093	*	Beneficial Mutual Bancorp, Inc		14
	20,397		Boston Private Financial Holdings, Inc		276
	762,181		CaixaBank, S.A.		4,906
	47,100		CapitalSource, Inc		687
	7,221		Capitol Federal Financial		91
	3,360		Cathay General Bancorp		85
	5,743		Centerstate Banks of Florida, Inc		63
	10,000		CIT Group, Inc		490
	2,120		Columbia Banking System, Inc		60
	165,930		Comerica, Inc		8,595
	1,273		Commerce Bancshares, Inc		59
	301,281		Commonwealth Bank of Australia		21,689
	3,936	e	Community Bank System, Inc		154
	9,127	e	Cullen/Frost Bankers, Inc		708
	236,588		DNB NOR Holding ASA		4,111
	10,051		East West Bancorp, Inc		367

363

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	715		Federal Agricultural Mortgage Corp (Class C)	$	24
	451		First Citizens Bancshares, Inc (Class A)		109
	23,976		First Commonwealth Financial Corp		217
	1,352		First Interstate Bancsystem, Inc		38
	3,693		First Merchants Corp		80
	14,422		First Midwest Bancorp, Inc		246
	2,500	*	Flagstar Bancorp, Inc		56
	16,186		FNB Corp		217
	2,590		Glacier Bancorp, Inc		75
	5,441		Hancock Holding Co		199
	508,500		Hang Seng Bank Ltd		8,112
	1,267		Heartland Financial USA, Inc		34
	3,263,060		HSBC Holdings plc		33,040
	174,643		Huntington Bancshares, Inc		1,741
	9,593		IBERIABANK Corp		673
	1,147		International Bancshares Corp		29
	8,084		Investors Bancorp, Inc		223
	104,876		KBC Groep NV		6,459
	1,625,945		Keycorp		23,153
	16,906		Lakeland Bancorp, Inc		190
	269,235	e	M&T Bank Corp		32,658
	1,800		MB Financial, Inc		56
	61,360	*	MGIC Investment Corp		523
	4,070,000	e	Mizuho Financial Group, Inc		8,066
	471,296		National Australia Bank Ltd		15,539
	6,490		National Penn Bancshares, Inc		68
	1,124,730		Natixis		8,260
	1,500		NBT Bancorp, Inc		37
	145,456	e	New York Community Bancorp, Inc		2,337
	644,338	*	Nordea Bank AB		9,140
	11,094		Northfield Bancorp, Inc		143
	32,902		OFG Bancorp		566
	19,938		Old National Bancorp		297
	9,549	e	PacWest Bancorp		411
	4,182		Peoples Bancorp, Inc		103
	2,728		People’s United Financial, Inc		41
	2,500		Pinnacle Financial Partners, Inc		94
	519,297		PNC Financial Services Group, Inc		45,179
	55,249	*	Popular, Inc		1,712
	20,422		PrivateBancorp, Inc		623
	53,363		Provident Financial Services, Inc		980
	654,341	e	Radian Group, Inc		9,835
	155,400		Resona Holdings, Inc		751
	2,569	e	Rockville Financial, Inc		35
	250,810		Royal Bank of Canada (Toronto)		16,537
	1,000		S&T Bancorp, Inc		24
	3,487	*	Signature Bank		438
	221,278	e	Skandinaviska Enskilda Banken AB (Class A)		3,040
	580,389		Standard Chartered plc		12,136
	261,500		Sumitomo Mitsui Financial Group, Inc		11,209
	13,277	*	Sun Bancorp, Inc		45
	16,927		Susquehanna Bancshares, Inc		193

364

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	28,454	*	SVB Financial Group	$	3,664
	45,092		Swedbank AB (A Shares)		1,210
	800	*	Texas Capital Bancshares, Inc		52
	315,022	e	Toronto-Dominion Bank		14,769
	1,700		Trustmark Corp		43
	5,465		UMB Financial Corp		354
	3,150	e	Umpqua Holdings Corp		59
	2,479		Union Bankshares Corp		63
	10,908	e	United Bankshares, Inc		334
	1,274,947		US Bancorp		54,644
	13,956		Webster Financial Corp		433
	3,652		WesBanco, Inc		116
	5,233	e	Westamerica Bancorporation		283
	5,690	*	Western Alliance Bancorp		140
	629,923	*	Westpac Banking Corp		20,254
	16,588		Wilshire Bancorp, Inc		184
	1,110		Wintrust Financial Corp		54
	37,356		Zions Bancorporation		1,157
			TOTAL BANKS		497,128
CAPITAL GOODS - 4.7%
	432,713		3M Co		58,702
	10,833		A.O. Smith Corp		499
	5,085		Acuity Brands, Inc		674
	2,117	*	Aerovironment, Inc		85
	75,930		Alfa Laval AB		2,057
	464,724		Ametek, Inc		23,929
	56,219	*	ArvinMeritor, Inc		689
	368,000		Asahi Glass Co Ltd		2,129
	51,800		Assa Abloy AB (Class B)		2,759
	7,416		Astec Industries, Inc		326
	153,909		Atlas Copco AB (A Shares)		4,443
	135,146		Atlas Copco AB (B Shares)		3,702
	116,424		Barnes Group, Inc		4,479
	2,120	*	Beacon Roofing Supply, Inc		82
	106,747	e	Bouygues S.A.		4,448
	29,997	e	Briggs & Stratton Corp		667
	108,048	*	Builders FirstSource, Inc		984
	299,328		Bunzl plc		7,981
	4,279	*,e	Chart Industries, Inc		340
	92,756		Cintra Concesiones de Infraestructuras de Transporte S.A.		2,011
	144,300	*	CNH Industrial NV		1,661
	10,768	*	Colfax Corp		768
	159,066		Compagnie de Saint-Gobain		9,603
	210,677		Cummins, Inc		31,389
	46,600		Daikin Industries Ltd		2,613
	567,000		Danaher Corp		42,525
	408,743		Deere & Co		37,114
	67,977		Dover Corp		5,557
	343,132		Eaton Corp		25,776
	4,941		EMCOR Group, Inc		231
	657,321		Emerson Electric Co		43,909

365

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	7,019		EnerSys	$	486
	2,909	*	Esterline Technologies Corp		310
	153,282	e	Fastenal Co		7,560
	6,133		Fluor Corp		477
	11,291		Fortune Brands Home & Security, Inc		475
	21,353		GEA Group AG.		976
	11,801		Geberit AG.		3,867
	66,177		Graco, Inc		4,946
	1,400		H&E Equipment Services, Inc		57
	7,319		Heico Corp		440
	14,756	*	Hexcel Corp		642
	32,600	e	Hitachi Construction Machinery Co Ltd		626
	12,125		Hochtief AG.		1,102
	4,000		Houston Wire & Cable Co		53
	463,645		Illinois Tool Works, Inc		37,708
	133,866		Ingersoll-Rand plc		7,662
	500	*	Jacobs Engineering Group, Inc		32
	10,947	e	Joy Global, Inc		635
	25,600		JTEKT Corp		380
	92,000		Kawasaki Heavy Industries Ltd		339
	213,800		Komatsu Ltd		4,482
	331,267		Koninklijke Philips Electronics NV		11,654
	320,000		Kubota Corp		4,253
	15,663	*,e	Layne Christensen Co		285
	26,197		Lincoln Electric Holdings, Inc		1,886
	15,600		Makita Corp		859
	700,000	e	Marubeni Corp		4,699
	463,592		Masco Corp		10,296
	44,896	e	Metso Oyj		1,470
	367	*	Middleby Corp		97
	521,800		Mitsubishi Corp		9,679
	482,000		Mitsubishi Electric Corp		5,426
	83,000		NGK Insulators Ltd		1,732
	107,611		Nordson Corp		7,585
	86,000		NSK Ltd		882
	165,398	*	Owens Corning, Inc		7,140
	287,127		Paccar, Inc		19,364
	30,568		Pall Corp		2,735
	35,299		Parker Hannifin Corp		4,226
	105,836		Pentair Ltd		8,397
	2,753		Pike Electric Corp		30
	43,401	*,e	Polypore International, Inc		1,485
	156,687		Precision Castparts Corp		39,604
	118,919	*	Quanta Services, Inc		4,388
	94,352		Rockwell Automation, Inc		11,752
	13,087		Rockwell Collins, Inc		1,043
	36,615		Roper Industries, Inc		4,888
	3,300	*	Rush Enterprises, Inc (Class A)		107
	236,880		Sandvik AB		3,350
	172,100		Scania AB (B Shares)		5,065
	189,352		Schneider Electric S.A.		16,782
	98,000	e	Shimizu Corp		508

366

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	43,110	e	Skanska AB (B Shares)	$	1,016
	42,500	e	SKF AB (B Shares)		1,088
	69,349		Smiths Group plc		1,474
	17,535		Snap-On, Inc		1,990
	210,153	*	Spirit Aerosystems Holdings, Inc (Class A)		5,924
	13,734		Sulzer AG.		1,890
	161,300		Sumitomo Electric Industries Ltd		2,408
	5,435	e	TAL International Group, Inc		233
	79,909		Tennant Co		5,244
	18,487		Timken Co		1,087
	6,400		Toyota Tsusho Corp		162
	38,902	*	United Rentals, Inc		3,693
	49,198		Vallourec		2,669
	176,760		Vinci S.A.		13,121
	436,090		Volvo AB (B Shares)		6,932
	3,755		W.W. Grainger, Inc		949
	25,258	*	Wabash National Corp		348
	38,428	*	WABCO Holdings, Inc		4,056
	3,364	*	WESCO International, Inc		280
	121,923		Wolseley plc		6,947
	20,710		Woodward Governor Co		860
	12,153		Xylem, Inc		443
			TOTAL CAPITAL GOODS		649,868
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	2,604		ABM Industries, Inc		75
	29,936	e	Acacia Research (Acacia Technologies)		457
	290,933	*	ACCO Brands Corp		1,792
	14,675		Aggreko plc		368
	205,697		Brambles Ltd		1,770
	11,200		Bureau Veritas S.A.		343
	120,569		Capita Group plc		2,205
	2,000		CDI Corp		34
	2,394	*	Copart, Inc		87
	9,841		Corporate Executive Board Co		730
	218,000		Dai Nippon Printing Co Ltd		2,085
	24,020		Deluxe Corp		1,260
	82,626		Dun & Bradstreet Corp		8,209
	22,336		Equifax, Inc		1,519
	2,000		Heidrick & Struggles International, Inc		40
	6,421		HNI Corp		235
	9,308	*	IHS, Inc (Class A)		1,131
	1,660	*	Innerworkings, Inc		13
	19,643		Interface, Inc		404
	7,700		Intertek Group plc		395
	122,588		Iron Mountain, Inc		3,380
	1,800		Kelly Services, Inc (Class A)		43
	29,712		Manpower, Inc		2,342
	3,562	*	Mistras Group, Inc		81
	2,100		Mobile Mini, Inc		91
	13,621	*	Navigant Consulting, Inc		254
	1,000	*	On Assignment, Inc		39

367

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	109,843		R.R. Donnelley & Sons Co	$	1,966
	34,400		Randstad Holdings NV		2,013
	2,311		Resources Connection, Inc		33
	162,118		Robert Half International, Inc		6,801
	16,303	*	RPX Corp		265
	58,400		Secom Co Ltd		3,357
	472		SGS S.A.		1,164
	400		Societe BIC S.A.		53
	1,544	*	SP Plus Corp		41
	27,563	*	Tetra Tech, Inc		816
	179,000	e	Toppan Printing Co Ltd		1,280
	2,100		Viad Corp		50
	174,423		Waste Management, Inc		7,338
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		54,559
CONSUMER DURABLES & APPAREL - 0.7%
	29,048		Adidas-Salomon AG.		3,141
	14,697	e	Blyth, Inc		158
	32,738		Callaway Golf Co		335
	30,920		Christian Dior S.A.		5,939
	24,000	e	Electrolux AB (Series B)		525
	7,187	e	Ethan Allen Interiors, Inc		183
	11,700		Gildan Activewear, Inc		590
	6,676		Hanesbrands, Inc		511
	1,724	*	Jarden Corp		103
	573,700		Matsushita Electric Industrial Co Ltd		6,525
	521,454		Mattel, Inc		20,915
	7,456	*	Meritage Homes Corp		312
	9,802	*	Mohawk Industries, Inc		1,333
	23,800		Movado Group, Inc		1,084
	514,999		Nike, Inc (Class B)		38,038
	126,600	e	Nikon Corp		2,039
	11,961		Oxford Industries, Inc		935
	9,478		Perry Ellis International, Inc		130
	27,543		Ryland Group, Inc		1,100
	50,000		Sekisui Chemical Co Ltd		519
	96,000		Sekisui House Ltd		1,187
	141,000	*,e	Sharp Corp		429
	234,000	e	Sony Corp		4,457
	13,953	*	Under Armour, Inc (Class A)		1,600
	4,500	*	Unifi, Inc		104
	31,176		VF Corp		1,929
	10,000		Whirlpool Corp		1,495
			TOTAL CONSUMER DURABLES & APPAREL		95,616
CONSUMER SERVICES - 1.2%
	79,580		Accor S.A.		4,073
	30,700		Benesse Corp		1,174
	1,289		Bob Evans Farms, Inc		65
	25,421		Brinker International, Inc		1,333
	7,675	*	Chipotle Mexican Grill, Inc (Class A)		4,360
	109,916	e	Choice Hotels International, Inc		5,056

368

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	91,310		Darden Restaurants, Inc	$	4,635
	1,346		DineEquity, Inc		105
	13,470		Domino’s Pizza, Inc		1,037
	7,832		Dunkin Brands Group, Inc		393
	373,655		Marriott International, Inc (Class A)		20,932
	583,456		McDonald’s Corp		57,196
	444,431	*	MGM Mirage		11,493
	10,604	*	Popeyes Louisiana Kitchen, Inc		431
	33,974		Royal Caribbean Cruises Ltd		1,854
	106,561	*	Ruby Tuesday, Inc		598
	29,578	*	Sonic Corp		674
	586,295		Starbucks Corp		43,022
	137,574		Starwood Hotels & Resorts Worldwide, Inc		10,951
	10,004	*,e	Strayer Education, Inc		465
	9,100		Tim Hortons, Inc (Toronto)		503
	10,000	e	Weight Watchers International, Inc		205
	11,685		Whitbread plc		811
			TOTAL CONSUMER SERVICES		171,366
DIVERSIFIED FINANCIALS - 3.8%
	780,959		3i Group plc		5,186
	358,183		Aberdeen Asset Management plc		2,334
	4,200	e	Aeon Credit Service Co Ltd		95
	251,412	*	American Capital Ltd		3,970
	607,217		American Express Co		54,668
	16,675		Ares Capital Corp		294
	1,215,403		Bank of New York Mellon Corp		42,892
	135,338		BlackRock, Inc		42,561
	576,583		Capital One Financial Corp		44,489
	1,431,454		Charles Schwab Corp		39,122
	310,655		CME Group, Inc		22,992
	1,362	e	Cohen & Steers, Inc		54
	3,361	*	Credit Acceptance Corp		478
	69,415		Deutsche Boerse AG.		5,526
	653,742		Discover Financial Services		38,041
	8,100		Eurazeo		727
	51,550		Evercore Partners, Inc (Class A)		2,848
	86,902		Exor S.p.A.		3,900
	626,613		Franklin Resources, Inc		33,950
	7,024	e	Golub Capital BDC, Inc		125
	24,115	*	Green Dot Corp		471
	530,217		Hong Kong Exchanges and Clearing Ltd		8,052
	209,035	*	ING Groep NV		2,973
	134,009		IntercontinentalExchange Group, Inc		26,511
	1,750	*	International Assets Holding Corp		33
	14,474	*	Internet Capital Group, Inc		296
	508,141		Invesco Ltd		18,801
	800,553		Investec plc		6,481
	3,030	*	Investment Technology Group, Inc		61
	61,166	e	Janus Capital Group, Inc		665
	60,728		Kinnevik Investment AB (Series B)		2,243
	62,663		Legg Mason, Inc		3,073

369

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	10,701	*,e	Main Street Capital Corp	$	352
	336,200	*	Mitsubishi UFJ Lease & Finance Co Ltd		1,650
	1,847		MVC Capital, Inc		25
	76,231		NASDAQ OMX Group, Inc		2,816
	513,669		Northern Trust Corp		33,676
	22,527	*,e	PHH Corp		582
	5,879	*	Pico Holdings, Inc		153
	52,696	e	Prospect Capital Corp		569
	10,635	*	Safeguard Scientifics, Inc		236
	62,441		Schroders plc		2,708
	12,117		Solar Capital Ltd		264
	503,608		State Street Corp		35,026
	287,043		T Rowe Price Group, Inc		23,638
	3,000		TD Ameritrade Holding Corp		102
	16,754		Triangle Capital Corp		434
			TOTAL DIVERSIFIED FINANCIALS		516,143
ENERGY - 5.3%
	40,000		Acergy S.A.		744
	46,000		Aker Kvaerner ASA		716
	52,019		AMEC plc		974
	337,903		Apache Corp		28,029
	78,800	e	ARC Energy Trust		2,170
	27,126		Baker Hughes, Inc		1,764
	854,626		BG Group plc		15,955
	74,228	*,e	BPZ Energy, Inc		236
	177,939	*	Cameron International Corp		10,991
	5,527	e	CARBO Ceramics, Inc		763
	14,005	*	Carrizo Oil & Gas, Inc		749
	287,400		Cenovus Energy, Inc (Toronto)		8,311
	165,841	*	Cheniere Energy, Inc		9,179
	98,049		Cimarex Energy Co		11,679
	1,826	*	Clayton Williams Energy, Inc		206
	260,946	*,e	Clean Energy Fuels Corp		2,333
	157,932	*	Compagnie Generale de Geophysique S.A.		2,531
	31,699	e	Comstock Resources, Inc		724
	29,437	*	Concho Resources, Inc		3,606
	39,499		Contango Oil & Gas Co		1,886
	146,657	*,e	Continental Resources, Inc		18,225
	59,100	e	Crescent Point Energy Corp		2,157
	17,312	e	CVR Energy, Inc		731
	11,452		Dawson Geophysical Co		321
	16,742		Delek Group Ltd		6,688
	2,500		Delek US Holdings, Inc		73
	457,259		Devon Energy Corp		30,604
	268,074		Enbridge, Inc		12,175
	40,100		EnCana Corp		856
	2,011		Energen Corp		163
	72,600	e	Enerplus Resources Fund		1,451
	236,334		EOG Resources, Inc		46,362
	221,720		Equitable Resources, Inc		21,500
	19,000	e	Fugro NV		1,167

370

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	203,657		Galp Energia SGPS S.A.	$	3,515
	8,642	*,e	Geospace Technologies Corp		572
	187,072	*	Hercules Offshore, Inc		859
	386,241		Hess Corp		32,012
	107,775	*	Hornbeck Offshore Services, Inc		4,506
	315,600		Inpex Holdings, Inc		4,098
	201,413	*	ION Geophysical Corp		848
	44,211	*	Key Energy Services, Inc		409
	3,200		Keyera Facilities Income Fund		203
	9,712	*	Kinder Morgan Management LLC		696
	676,402	*	Kodiak Oil & Gas Corp		8,212
	536,851		Marathon Oil Corp		19,069
	398,430		Marathon Petroleum Corp		34,679
	2,100	*	Matrix Service Co		71
	141,335	*	MEG Energy Corp		4,776
	466,300		National Oilwell Varco, Inc		36,311
	3,769	*	Natural Gas Services Group, Inc		114
	134,199	e	Neste Oil Oyj		2,736
	210,587		Noble Corp plc		6,895
	324,695		Noble Energy, Inc		23,066
	29,282	*,e	Northern Oil And Gas, Inc		428
	26,358	*	Oasis Petroleum, Inc		1,100
	427,668		Occidental Petroleum Corp		40,753
	209,409		OMV AG.		9,505
	153,232		Oneok, Inc		9,079
	516,973		Origin Energy Ltd		6,866
	302,936	e	Pengrowth Energy Trust		1,833
	265,014	e	Penn West Energy Trust		2,215
	14,605		Petrofac Ltd		350
	68,060	*	Petroquest Energy, Inc		388
	447,968		Phillips 66		34,520
	170,278		Pioneer Natural Resources Co		31,866
	98,692		Questar Market Resources, Inc		2,906
	150,641	*,e	Quicksilver Resources, Inc		396
	318,586		Repsol YPF S.A.		8,137
	36,777	*	Rex Energy Corp		688
	894		SEACOR Holdings, Inc		77
	58,600		Showa Shell Sekiyu KK		523
	29,250	*,e	Solazyme, Inc		340
	171,452	*	Southwestern Energy Co		7,889
	954,987		Spectra Energy Corp		35,277
	71,318		St. Mary Land & Exploration Co		5,084
	403,405		Statoil ASA		11,382
	482,904		Suncor Energy, Inc		16,866
	88,722		Superior Energy Services		2,729
	22,440		Technip S.A.		2,313
	227,881		Tenaris S.A.		5,036
	7,916		Tesoro Corp		400
	262,191		Tullow Oil plc		3,277
	36,311	*,e	Ultra Petroleum Corp		976
	27,062	*	Unit Corp		1,769
	989,544	*	Weatherford International Ltd		17,179

371

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	320,238	e	Western Refining, Inc	$	12,361
	99,162	*	Whiting Petroleum Corp		6,881
	451,724		Williams Cos, Inc		18,331
	102,401		Woodside Petroleum Ltd		3,708
			TOTAL ENERGY		733,094
FOOD & STAPLES RETAILING - 0.8%
	173,400		Aeon Co Ltd		1,952
	179,256		Carrefour S.A.		6,934
	13,576		Casino Guichard Perrachon S.A.		1,614
	5,000		Colruyt S.A.		276
	31,318		Delhaize Group		2,290
	275,568		J Sainsbury plc		1,453
	59,300	e	Jeronimo Martins SGPS S.A.		995
	85,954		Koninklijke Ahold NV		1,727
	367,535		Kroger Co		16,043
	3,600		Lawson, Inc		255
	42,800	e	Loblaw Cos Ltd		1,816
	68,666		Metro AG.		2,801
	316,705		Safeway, Inc		11,699
	149,700		Seven & I Holdings Co Ltd		5,704
	9,498		Spartan Stores, Inc		220
	821,965		Sysco Corp		29,698
	1,918,076		Tesco plc		9,460
	1,270	*	United Natural Foods, Inc		90
	132		Weis Markets, Inc		7
	95,509		Wesfarmers Ltd		3,659
	186,154		Whole Foods Market, Inc		9,440
	386,938		WM Morrison Supermarkets plc		1,376
			TOTAL FOOD & STAPLES RETAILING		109,509
FOOD, BEVERAGE & TOBACCO - 2.2%
	161,000		Ajinomoto Co, Inc		2,304
	93,070		Aryzta AG.		8,230
	191,588		Associated British Foods plc		8,890
	28,068		Bunge Ltd		2,232
	454		Calavo Growers, Inc		16
	261,990	e	Campbell Soup Co		11,758
	131,532		ConAgra Foods, Inc		4,081
	19,775	*	Darling International, Inc		396
	30,775		Dr Pepper Snapple Group, Inc		1,676
	14,539		Flowers Foods, Inc		312
	745,771		General Mills, Inc		38,646
	171,325	e	Groupe Danone		12,104
	65,855		Hillshire Brands Co		2,454
	3,941		Hormel Foods Corp		194
	39,791		J.M. Smucker Co		3,869
	514,141		Kellogg Co		32,242
	28,997		Kerry Group plc (Class A)		2,213
	78,727	e	Keurig Green Mountain, Inc		8,313
	31,000	e	Kikkoman Corp		585
	150,402		Kraft Foods Group, Inc		8,438

372

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	458		Lindt & Spruengli AG.	$	2,270
	21		Lindt & Spruengli AG. (Registered)		1,236
	74,148		Mead Johnson Nutrition Co		6,165
	1,207,380		Mondelez International, Inc		41,715
	13,000	e	Nippon Meat Packers, Inc		193
	42,800	e	Nisshin Seifun Group, Inc		470
	14,500		Nissin Food Products Co Ltd		654
	152,793		Orkla ASA		1,303
	801,664		PepsiCo, Inc		66,939
	13,800		Suedzucker AG.		394
	12,546		Tate & Lyle plc		140
	4,649	e	Tootsie Roll Industries, Inc		139
	674	*	TreeHouse Foods, Inc		49
	405,114		Unilever NV		16,664
	451,826		Unilever plc		19,324
	42,800	e	Yakult Honsha Co Ltd		2,148
			TOTAL FOOD, BEVERAGE & TOBACCO		308,756
HEALTH CARE EQUIPMENT & SERVICES - 1.7%
	1,208,349		Abbott Laboratories		46,534
	450,512		Aetna, Inc		33,775
	8,037	*	Align Technology, Inc		416
	67,982	*	Amedisys, Inc		1,012
	10,410		AmerisourceBergen Corp		683
	10,800	*	Amsurg Corp		508
	14,016	*,e	athenahealth, Inc		2,246
	310,286		Becton Dickinson & Co		36,328
	84,834	*,e	BioScrip, Inc		592
	10,000	*	Brookdale Senior Living, Inc		335
	54,777	*	Centene Corp		3,410
	20,000	*	Cerner Corp		1,125
	30,107	*,e	Cerus Corp		144
	4,495	e	Chemed Corp		402
	186,841		Cigna Corp		15,644
	1,249		Computer Programs & Systems, Inc		81
	700	*	Cyberonics, Inc		46
	10,758	*	DaVita, Inc		741
	5,764		Dentsply International, Inc		265
	15,359	*,e	Edwards Lifesciences Corp		1,139
	30,239	*	Emeritus Corp		951
	42,713	*	ExamWorks Group, Inc		1,495
	44,781	*	Five Star Quality Care, Inc		218
	8,354	*	Gentiva Health Services, Inc		76
	6,176	*	Greatbatch, Inc		284
	4,374	*	Haemonetics Corp		143
	21,280	*,e	Healthways, Inc		365
	11,942	*	Henry Schein, Inc		1,425
	10,561	*	HMS Holdings Corp		201
	119,187		Humana, Inc		13,435
	1,185	*	ICU Medical, Inc		71
	43,082	*	Idexx Laboratories, Inc		5,230
	2,446		Invacare Corp		47

373

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	61,900	*	Inverness Medical Innovations, Inc	$	2,126
	3,014	*	IPC The Hospitalist Co, Inc		148
	759	*	Laboratory Corp of America Holdings		75
	743		Landauer, Inc		34
	6,078	*	LHC Group, Inc		134
	58,522	*	LifePoint Hospitals, Inc		3,192
	1,730	*	MedAssets, Inc		43
	1,474	*	Medidata Solutions, Inc		80
	802,734		Medtronic, Inc		49,400
	9,612	*	Merit Medical Systems, Inc		137
	55,639	*	Molina Healthcare, Inc		2,090
	8,672	*	MWI Veterinary Supply, Inc		1,350
	9,301	*	Natus Medical, Inc		240
	1,976	*	NuVasive, Inc		76
	2,364	*	NxStage Medical, Inc		30
	3,000	*	Omnicell, Inc		86
	31,393	*	OraSure Technologies, Inc		250
	2,718	e	Owens & Minor, Inc		95
	86,208		Patterson Cos, Inc		3,600
	5,365	*	PharMerica Corp		150
	4,910		Quality Systems, Inc		83
	3,688	*	Sirona Dental Systems, Inc		275
	56,474		Sonic Healthcare Ltd		905
	4,400		Suzuken Co Ltd		170
	15,400		Sysmex Corp		491
	6,446	*	Tornier BV		137
	8,101		Universal American Corp		57
	2,101		US Physical Therapy, Inc		73
	500	*	Varian Medical Systems, Inc		42
	19,709	*	Vocera Communications, Inc		322
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		235,258
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	9,680		Beiersdorf AG.		944
	707,780	*	Colgate-Palmolive Co		45,914
	81,716		Estee Lauder Cos (Class A)		5,465
	210		Henkel KGaA		21
	137,770		Henkel KGaA (Preference)		14,830
	297,479	e	Herbalife Ltd		17,036
	41,500		Kao Corp		1,470
	220,796		Kimberly-Clark Corp		24,343
	63,795		L’Oreal S.A.		10,525
	35,987	*	Medifast, Inc		1,047
	16,029		Nu Skin Enterprises, Inc (Class A)		1,328
	1,202,803		Procter & Gamble Co		96,946
	152,666		Reckitt Benckiser Group plc		12,458
	43,160		Svenska Cellulosa AB (B Shares)		1,271
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		233,598
INSURANCE - 3.5%
	347,009		ACE Ltd		34,375
	588,249		Aflac, Inc		37,083

374

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	16,447		Allianz AG.	$	2,780
	1,543,100		AMP Ltd		7,142
	1,319	e	Amtrust Financial Services, Inc		50
	13,380		Arthur J. Gallagher & Co		637
	93,722		Aspen Insurance Holdings Ltd		3,721
	421,903		Assicurazioni Generali S.p.A.		9,404
	78,885		AXA S.A.		2,049
	30,787		Axis Capital Holdings Ltd		1,412
	798,759	*	Berkshire Hathaway, Inc (Class B)		99,821
	370,028		Chubb Corp		33,044
	5,304	*	Citizens, Inc (Class A)		39
	280,593		CNP Assurances		5,943
	102,203		Delta Lloyd NV		2,833
	1,400		Donegal Group, Inc (Class A)		20
	4,146	*	eHealth, Inc		211
	2,400		Employers Holdings, Inc		49
	1,252,680	*	Genworth Financial, Inc (Class A)		22,210
	279,246		Hartford Financial Services Group, Inc		9,849
	3,500	*	Hilltop Holdings, Inc		83
	588,027		Insurance Australia Group Ltd		3,041
	1,916		Kemper Corp		75
	151,625		Marsh & McLennan Cos, Inc		7,475
	4,850		Meadowbrook Insurance Group, Inc		28
	97,658		Montpelier Re Holdings Ltd		2,906
	75,286		Muenchener Rueckver AG.		16,451
	700	*	Navigators Group, Inc		43
	2,849,807		Old Mutual plc		9,567
	3,027		OneBeacon Insurance Group Ltd (Class A)		47
	15,856		PartnerRe Ltd		1,641
	43,066		Platinum Underwriters Holdings Ltd		2,588
	2,297		Primerica, Inc		108
	357,357		Principal Financial Group		16,435
	767,780		Progressive Corp		18,596
	42,513		Protective Life Corp		2,236
	477,529		Prudential Financial, Inc		40,423
	882,978		Prudential plc		18,697
	178		RLI Corp		8
	2,022,246		Royal & Sun Alliance Insurance Group plc		3,019
	900		Safety Insurance Group, Inc		48
	2,400		Selective Insurance Group, Inc		56
	2,490		Stancorp Financial Group, Inc		166
	1,244,153		Standard Life plc		7,838
	13,455		Stewart Information Services Corp		473
	169,853		Swiss Re Ltd		15,765
	177,900		T&D Holdings, Inc		2,117
	433,143		Travelers Cos, Inc		36,861
	800		TrygVesta AS		79
	2,328		United Fire & Casualty Co		71
	10,000		Willis Group Holdings plc		441
			TOTAL INSURANCE		480,054

375

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
MATERIALS - 3.4%
	59,658		Agnico-Eagle Mines Ltd	$	1,806
	23,600	e	Agrium, Inc (Toronto)		2,300
	96,390		Air Liquide		13,053
	302,738		Air Products & Chemicals, Inc		36,038
	23,600		Akzo Nobel NV		1,925
	500		Albemarle Corp		33
	148,535	*,e	Allied Nevada Gold Corp		640
	108,917		AMCOL International Corp		4,986
	92,400		Amcor Ltd		893
	4,437		Aptargroup, Inc		293
	232,000		Asahi Kasei Corp		1,573
	176,082		Avery Dennison Corp		8,922
	63,073		Ball Corp		3,457
	132,610		BASF AG.		14,756
	244,955		Boliden AB		3,730
	19,645		Boral Ltd		103
	8,161		Carpenter Technology Corp		539
	3,000	*,e	Castle (A.M.) & Co		44
	44,916		Celanese Corp (Series A)		2,493
	2,372	*	Clearwater Paper Corp		149
	131,361		Commercial Metals Co		2,480
	14,183		Compass Minerals International, Inc		1,170
	295,427		CRH plc		8,266
	17,000	e	Daido Steel Co Ltd		85
	5,617		Domtar Corp		630
	9,400		DSM NV		645
	36,695		Eastman Chemical Co		3,163
	347,282		Ecolab, Inc		37,503
	5,690	*	Ferro Corp		78
	646,464		Fletcher Building Ltd		5,348
	33,738	*,e	Flotek Industries, Inc		940
	1,019,115	e	Fortescue Metals Group Ltd		4,989
	111,806		Fresnillo plc		1,576
	2,179		Givaudan S.A.		3,370
	2,623		Globe Specialty Metals, Inc		55
	67,901		H.B. Fuller Co		3,278
	48,214		HeidelbergCement AG.		4,133
	50,000		Hitachi Metals Ltd		712
	900		Imerys S.A.		80
	23,190		Innophos Holdings, Inc		1,315
	9,797		International Flavors & Fragrances, Inc		937
	257,210		International Paper Co		11,801
	113,200		JFE Holdings, Inc		2,127
	10,464		Johnson Matthey plc		571
	48,900	e	JSR Corp		905
	77,699		K&S AG.		2,552
	18,000		Kaneka Corp		109
	385,700	*	Kinross Gold Corp		1,594
	643,000	*	Kobe Steel Ltd		853
	7,764	*	Kraton Polymers LLC		203
	10,783	e	Kronos Worldwide, Inc		180
	58,000		Kuraray Co Ltd		664

376

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	46,374		Linde AG.	$	9,285
	173,029	*	Louisiana-Pacific Corp		2,919
	388,286		LyondellBasell Industries AF S.C.A		34,534
	71,436	*,e	McEwen Mining, Inc		169
	212,757		MeadWestvaco Corp		8,008
	38,519		Minerals Technologies, Inc		2,487
	120,960	e	Mitsui Chemicals, Inc		296
	113,537		Mosaic Co		5,677
	2,100		Myers Industries, Inc		42
	2,220		Neenah Paper, Inc		115
	360,702		Newcrest Mining Ltd		3,301
	3,308,000		Nippon Steel Corp		9,027
	31,500		Nitto Denko Corp		1,511
	1,168,826		Norsk Hydro ASA		5,820
	550,230		Nucor Corp		27,809
	53,242		Orica Ltd		1,083
	64,561	*	Owens-Illinois, Inc		2,184
	11,843		PolyOne Corp		434
	123,900	e	Potash Corp of Saskatchewan (Toronto)		4,482
	314,170		Praxair, Inc		41,147
	1,380		Quaker Chemical Corp		109
	9,992		Reliance Steel & Aluminum Co		706
	2,289,845		Rentech, Inc		4,351
	38,970		Rexam plc		317
	6,623		Rock-Tenn Co (Class A)		699
	15,925		Rockwood Holdings, Inc		1,185
	142,788		Royal Gold, Inc		8,941
	6,424	*	RTI International Metals, Inc		178
	850		Schnitzer Steel Industries, Inc (Class A)		25
	18,931		Sealed Air Corp		622
	17,916		Sherwin-Williams Co		3,532
	92,200		Shin-Etsu Chemical Co Ltd		5,256
	214,462		Sigma-Aldrich Corp		20,026
	802		Sika AG.		3,281
	247,000		Silver Wheaton Corp		5,604
	1,200		Stepan Co		77
	74,982	*,e	Stillwater Mining Co		1,111
	334,517		Stora Enso Oyj (R Shares)		3,580
	360,000		Sumitomo Chemical Co Ltd		1,327
	524,000		Sumitomo Metal Mining Co Ltd		6,568
	42,000		Taiyo Nippon Sanso Corp		330
	485,500		Teck Cominco Ltd		10,479
	74,000		Teijin Ltd		183
	305,000	e	Toray Industries, Inc		2,012
	117,300		Toyo Seikan Kaisha Ltd		1,904
	69,914		Tredegar Corp		1,609
	15,649		Umicore		798
	198,855	e	UPM-Kymmene Oyj		3,402
	60,125		Valspar Corp		4,336
	4,790		Wausau Paper Corp		61
	278,810		Worthington Industries, Inc		10,665
			TOTAL MATERIALS		463,649

377

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
MEDIA - 1.6%
	185,416	e	Cablevision Systems Corp (Class A)	$	3,128
	19,805		Cinemark Holdings, Inc		575
	114,560		Clear Channel Outdoor Holdings, Inc (Class A)		1,044
	388,492	*	Discovery Communications, Inc (Class A)		32,128
	57,029	*	Discovery Communications, Inc (Class C)		4,395
	52,293	*,e	DreamWorks Animation SKG, Inc (Class A)		1,388
	1,900		JC Decaux S.A.		83
	10,069		John Wiley & Sons, Inc (Class A)		580
	251,690	*	Journal Communications, Inc (Class A)		2,230
	15,813		Lagardere S.C.A.		628
	535,024	*	Liberty Global plc		21,781
	391,960	*	Liberty Global plc (Class A)		16,306
	68,352	*	Liberty Media Corp		8,936
	269,665	*,e	McClatchy Co (Class A)		1,731
	228,929	e	New York Times Co (Class A)		3,919
	551,411		Pearson plc		9,790
	18,429		ProSiebenSat. Media AG.		845
	1,550		Scholastic Corp		53
	15,051		Scripps Networks Interactive (Class A)		1,142
	60,413	e	Sinclair Broadcast Group, Inc (Class A)		1,637
	1,067,000	e	Singapore Press Holdings Ltd		3,566
	16,984	*	Sizmek, Inc		181
	298,216		Time Warner Cable, Inc		40,909
	724,009		Time Warner, Inc		47,299
	46,200		Wolters Kluwer NV		1,302
	683,960		WPP plc		14,132
			TOTAL MEDIA		219,708
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.1%
	1,969	*	Acorda Therapeutics, Inc		75
	68,628		Actelion Ltd		6,504
	68,836	*,e	Affymetrix, Inc		491
	375,014		Agilent Technologies, Inc		20,971
	107,729	*,e	Akorn, Inc		2,370
	69,442	*	Alexion Pharmaceuticals, Inc		10,564
	462,789		Amgen, Inc		57,080
	5,768	*	Aratana Therapeutics, Inc		107
	871,400		Astellas Pharma, Inc		10,346
	65,071	*,e	Auxilium Pharmaceuticals, Inc		1,769
	92,661	*	AVANIR Pharmaceuticals, Inc		340
	158,236	*	Biogen Idec, Inc		48,400
	57,262	*	Biovail Corp (Toronto)		7,533
	8,307	*,e	Bluebird Bio, Inc		189
	1,023,575		Bristol-Myers Squibb Co		53,175
	47,247	*	Cambrex Corp		892
	57,720	*,e	Cepheid, Inc		2,977
	180,400		Chugai Pharmaceutical Co Ltd		4,608
	19,300		Dainippon Sumitomo Pharma Co Ltd		306
	51,293	*	Depomed, Inc		744
	49,400	e	Eisai Co Ltd		1,920

378

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	4,519	*	Fluidigm Corp	$	199
	821,829	*	Gilead Sciences, Inc		58,235
	963,615		GlaxoSmithKline plc		25,695
	3,597	*,e	Hyperion Therapeutics, Inc		93
	4,270	*,e	Immunogen, Inc		64
	57,898	*,e	Immunomedics, Inc		244
	176,347	*	Incyte Corp		9,438
	13,244	*	Ironwood Pharmaceuticals, Inc		163
	1,177,080		Johnson & Johnson		115,624
	295,280	*,e	MannKind Corp		1,187
	1,441,476		Merck & Co, Inc		81,833
	22,815		Merck KGaA		3,842
	2,234	*	Mettler-Toledo International, Inc		526
	28,031	*,e	MiMedx Group, Inc		172
	2,769	*	Momenta Pharmaceuticals, Inc		32
	243,310	*	Nektar Therapeutics		2,949
	429,250		Novartis AG.		36,447
	455,725		Novo Nordisk AS		20,750
	200,087	*,e	Opko Health, Inc		1,865
	106,700	*,e	Orexigen Therapeutics, Inc		693
	250,089	e	PDL BioPharma, Inc		2,078
	12,565		PerkinElmer, Inc		566
	14,195	*,e	Repros Therapeutics, Inc		252
	128,613		Roche Holding AG.		38,682
	126,568	*	Salix Pharmaceuticals Ltd		13,114
	123,194	*,e	Sangamo Biosciences, Inc		2,227
	120,198	*,e	Sarepta Therapeutics, Inc		2,888
	232,800		Takeda Pharmaceutical Co Ltd		11,019
	2,368		Techne Corp		202
	142,628		Thermo Electron Corp		17,150
	1,800	e	Tsumura & Co		43
	16,960	*	United Therapeutics Corp		1,595
	103,739	*	Vertex Pharmaceuticals, Inc		7,336
	340,392	*,e	Vivus, Inc		2,022
	61,330	*	Waters Corp		6,649
	33,288	*	Xenoport, Inc		172
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		697,407
REAL ESTATE - 2.3%
	64,700		Aeon Mall Co Ltd		1,658
	19,852		American Campus Communities, Inc		741
	445,452		American Tower Corp		36,469
	1,501,292		Annaly Capital Management, Inc		16,469
	1,000		AvalonBay Communities, Inc		131
	120,047		Boston Properties, Inc		13,749
	248,240		British Land Co plc		2,709
	2,125,000		CapitaLand Ltd		4,894
	3,498,000		CapitaMall Trust		5,263
	553,000		CapitaMalls Asia Ltd		788
	195,955	*	CBRE Group, Inc		5,375
	198,835		CFS Gandel Retail Trust		349
	151,000	e	City Developments Ltd		1,215

379

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	340,764		Crown Castle International Corp	$	25,142
	207,000		Daiwa House Industry Co Ltd		3,514
	2,200,199		DB RREEF Trust		2,170
	5,728	e	Digital Realty Trust, Inc		304
	22,121		Douglas Emmett, Inc		600
	165,551		Duke Realty Corp		2,795
	129,435		Equity Residential		7,506
	300,754		First Industrial Realty Trust, Inc		5,811
	2,732	*	Forest City Enterprises, Inc (Class A)		52
	15,042		Gecina S.A.		1,999
	435,396		GPT Group (ASE)		1,480
	533,654		HCP, Inc		20,700
	100,051		Health Care REIT, Inc		5,963
	12,227		Healthcare Realty Trust, Inc		295
	736,502		Host Marriott Corp		14,907
	108,917	*	Intu Properties plc		173
	16,556		Invesco Mortgage Capital, Inc		273
	82,000		Keppel Land Ltd		220
	291,636		Land Securities Group plc		4,970
	16,682		LaSalle Hotel Properties		522
	59,200		Lend Lease Corp Ltd		652
	381,212		Liberty International plc		1,794
	37,196		Liberty Property Trust		1,375
	54,403		Macerich Co		3,391
	163,958		Macquarie Goodman Group		721
	14,597		Medical Properties Trust, Inc		187
	24,518		Mid-America Apartment Communities, Inc		1,674
	727,767		Mirvac Group		1,150
	305,810		Mitsui Fudosan Co Ltd		9,330
	514,236		Prologis, Inc		20,996
	269,490	e	RAIT Investment Trust		2,288
	92,736	e	Ryman Hospitality Properties		3,943
	623,984		Segro plc		3,457
	255,853		Simon Property Group, Inc		41,960
	1,157,314		Stockland Trust Group		4,031
	35,276		Unibail-Rodamco		9,155
	96,747		Ventas, Inc		5,860
	142,947		Vornado Realty Trust		14,089
	14,386		Weyerhaeuser Co		422
	3,851		Winthrop Realty Trust		45
			TOTAL REAL ESTATE		315,726
RETAILING - 2.5%
	16,615		Advance Auto Parts, Inc		2,102
	127,624	e	American Eagle Outfitters, Inc		1,562
	32,439	*	Ann Taylor Stores Corp		1,346
	39,356	*	AutoZone, Inc		21,138
	19,109	*	Barnes & Noble, Inc		399
	200,028	*	Bed Bath & Beyond, Inc		13,762
	132,772		Best Buy Co, Inc		3,506
	810	*	Blue Nile, Inc		28
	7,961	*,e	Cabela’s, Inc		522

380

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	7,000		Canadian Tire Corp Ltd	$	660
	81,708	*	Carmax, Inc		3,824
	12,500		Fast Retailing Co Ltd		4,521
	67,898		Foot Locker, Inc		3,190
	512,825		Gap, Inc		20,544
	243,170		Genuine Parts Co		21,119
	23,293		GNC Holdings, Inc		1,025
	2,200		Haverty Furniture Cos, Inc		65
	197,899		Hennes & Mauritz AB (B Shares)		8,440
	50,701	*	HomeAway, Inc		1,910
	26,410		HSN, Inc		1,577
	48,910		Inditex S.A.		7,338
	50,000	e	Jardine Cycle & Carriage Ltd		1,805
	417,700		Kingfisher plc		2,937
	234,875		Kohl’s Corp		13,341
	2,891,620	e	Li & Fung Ltd		4,285
	759,905	*	Liberty Interactive Corp		21,938
	19,712	*	LKQ Corp		519
	912,358		Lowe’s Companies, Inc		44,614
	203,285		Macy’s, Inc		12,053
	210,991		Marks & Spencer Group plc		1,588
	14,720	*	NetFlix, Inc		5,182
	6,288	*	New York & Co, Inc		28
	6,625		Next plc		729
	66,728		Nordstrom, Inc		4,167
	2,000		Nutri/System, Inc		30
	217,335	*	Office Depot, Inc		898
	110,163	*	Orbitz Worldwide, Inc		864
	9,311	*	O’Reilly Automotive, Inc		1,382
	8,683	*,e	Outerwall, Inc		630
	35,119		Pier 1 Imports, Inc		663
	147		PPR		30
	16,391		Ross Stores, Inc		1,173
	49,713	*,e	Shutterfly, Inc		2,122
	24,359		Signet Jewelers Ltd		2,579
	567,973	e	Staples, Inc		6,441
	3,300		Stein Mart, Inc		46
	600,720		Target Corp		36,350
	16,714		Tiffany & Co		1,440
	696,291		TJX Companies, Inc		42,230
	105,864	*	TripAdvisor, Inc		9,590
	10,000	*	Tuesday Morning Corp		141
	2,150	*	Vitacost.com, Inc		15
	111,000	e	Yamada Denki Co Ltd		370
			TOTAL RETAILING		338,758
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	80,003	*	Advanced Energy Industries, Inc		1,960
	66,931	*,e	Advanced Micro Devices, Inc		268
	10,479		Analog Devices, Inc		557
	1,921,490		Applied Materials, Inc		39,237
	82,331		ASML Holding NV		7,664

381

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	15,582	*,e	Cirrus Logic, Inc	$	310
	22,358		Cypress Semiconductor Corp		230
	5,894	*,e	Freescale Semiconductor Holdings Ltd		144
	558		Hittite Microwave Corp		35
	2,717,489		Intel Corp		70,138
	6,138	*	International Rectifier Corp		168
	21,682	*	Lam Research Corp		1,192
	9,064	e	Microchip Technology, Inc		433
	1,140		MKS Instruments, Inc		34
	541,931	*	ON Semiconductor Corp		5,094
	24,898	*	RF Micro Devices, Inc		196
	97,903	*	Skyworks Solutions, Inc		3,673
	266,513		STMicroelectronics NV		2,470
	97,663	*,e	SunPower Corp		3,151
	40,230	*,e	Teradyne, Inc		800
	987,220		Texas Instruments, Inc		46,548
	6,900		Tokyo Electron Ltd		429
	41,101	*	Triquint Semiconductor, Inc		550
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		185,281
SOFTWARE & SERVICES - 4.7%
	527,384		Accenture plc		42,043
	529,300	*	Adobe Systems, Inc		34,796
	1,660		Advent Software, Inc		49
	7,095		Amadeus IT Holding S.A.		295
	86,986	*,e	Angie’s List, Inc		1,059
	234,202		AOL, Inc		10,251
	1,856	*	Aspen Technology, Inc		79
	2,133		Atos Origin S.A.		193
	201,046	*	Autodesk, Inc		9,887
	17,254	*	Brightcove, Inc		170
	128,405		Broadridge Financial Solutions, Inc		4,769
	485,524		CA, Inc		15,037
	24,502	*	Cadence Design Systems, Inc		381
	37,120		Cap Gemini S.A.		2,810
	24,400	*	CGI Group, Inc		753
	740,832	*	Cognizant Technology Solutions Corp (Class A)		37,493
	124,867		Compuware Corp		1,311
	14,644	*	comScore, Inc		480
	20,058		Convergys Corp		439
	50,889	*,e	Conversant, Inc		1,432
	108,830	*,e	Demand Media, Inc		528
	5,179	*,e	E2open, Inc		122
	2,100		EPIQ Systems, Inc		29
	6,214	e	Factset Research Systems, Inc		670
	5,718		Fair Isaac Corp		316
	30,365	*	Fortinet, Inc		669
	592,000	*	Fujitsu Ltd		3,578
	13,395		Global Payments, Inc		952
	150,773	*,e	Glu Mobile, Inc		715
	107,040	*	Google, Inc (Class A)		119,297
	2,815	*	Higher One Holdings, Inc		20

382

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	8,867	*	Infoblox, Inc	$	178
	91,530	*	Informatica Corp		3,458
	477,124		International Business Machines Corp		91,842
	409,298		Intuit, Inc		31,815
	16,036	e	j2 Global, Inc		803
	52,506	*,e	Liquidity Services, Inc		1,368
	17,866	*,e	Marketo, Inc		584
	1,000		MAXIMUS, Inc		45
	39,456	e	Mercadolibre, Inc		3,753
	3,035	*	NetSuite, Inc		288
	19,743	*,e	NeuStar, Inc (Class A)		642
	10,700		Nomura Research Institute Ltd		337
	20,400		NTT Data Corp		792
	7,800	e	Open Text Corp		373
	30,103	*,e	OpenTable, Inc		2,316
	1,834,270		Oracle Corp		75,040
	60,249	*	QuinStreet, Inc		400
	22,824	*	Rally Software Development Corp		305
	15,039	*	Rosetta Stone, Inc		169
	7,887	*	Rovi Corp		180
	587,432	*	Salesforce.com, Inc		33,536
	228,532		SAP AG.		18,537
	10,057	*	Seachange International, Inc		105
	63,240	*	ServiceSource International LLC		534
	5,854	*	SolarWinds, Inc		250
	2,000	*	SPS Commerce, Inc		123
	8,410	*	Stamps.com, Inc		282
	976,463		Symantec Corp		19,500
	6,468	*	Syntel, Inc		581
	4,529	*,e	Tangoe, Inc		84
	20,999	*	Teradata Corp		1,033
	6,527	*	Ultimate Software Group, Inc		894
	16,010	*	Unisys Corp		488
	2,631,569		Xerox Corp		29,737
	1,015,045	*	Yahoo!, Inc		36,440
			TOTAL SOFTWARE & SERVICES		647,435
TECHNOLOGY HARDWARE & EQUIPMENT - 2.3%
	8,103		Adtran, Inc		198
	4,847	*	ARRIS Group, Inc		137
	116,347	*	Aruba Networks, Inc		2,181
	4,234		Belden CDT, Inc		295
	2,571	*	Benchmark Electronics, Inc		58
	900		Black Box Corp		22
	3,303	*	Calix Networks, Inc		28
	254,100		Canon, Inc		7,886
	14,572	*	Checkpoint Systems, Inc		196
	2,984,256		Cisco Systems, Inc		66,877
	53,700		Citizen Watch Co Ltd		404
	9,600		Cognex Corp		325
	909		Coherent, Inc		59
	353,821		Corning, Inc		7,367

383

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	206,569	*	Cray, Inc	$	7,709
	4,840	*	Digi International, Inc		49
	3,605	*	DTS, Inc		71
	1,318	*	Electronics for Imaging, Inc		57
	1,720,163		EMC Corp		47,150
	1,358		FEI Co		140
	103,068	*	Finisar Corp		2,732
	90,753	*	Flextronics International Ltd		839
	195,900		Fujifilm Holdings Corp		5,258
	344,314	*,e	Fusion-io, Inc		3,622
	1,568,789		Hewlett-Packard Co		50,766
	5,600		Hitachi High-Technologies Corp		130
	59,600		Ibiden Co Ltd		1,176
	43,639	*	Ingram Micro, Inc (Class A)		1,290
	11,659	*	Insight Enterprises, Inc		293
	7,090	e	InterDigital, Inc		235
	5,000	*,e	InvenSense, Inc		118
	30,066	e	IPG Photonics Corp		2,137
	1,920	*	Itron, Inc		68
	41,052		Jabil Circuit, Inc		739
	13,337	*	Kemet Corp		77
	188,500		Konica Minolta Holdings, Inc		1,764
	69,200		Kyocera Corp		3,119
	54,381		Lexmark International, Inc (Class A)		2,517
	195,721		Motorola, Inc		12,583
	32,300		Murata Manufacturing Co Ltd		3,053
	2,100		National Instruments Corp		60
	7,919	*	Netgear, Inc		267
	45,500		Omron Corp		1,883
	69,596	*	Oplink Communications, Inc		1,250
	500	*	OSI Systems, Inc		30
	1,774		Plantronics, Inc		79
	1,420	*	Plexus Corp		57
	16,457	*,e	Procera Networks, Inc		171
	53,913	*	QLogic Corp		687
	854,280		Qualcomm, Inc		67,369
	23,440	*,e	RealD, Inc		262
	2,500	*	Rofin-Sinar Technologies, Inc		60
	1,300	*	Scansource, Inc		53
	20,387	*,e	Silicon Graphics International Corp		250
	22,160	*	Super Micro Computer, Inc		385
	1,417	*	SYNNEX Corp		86
	48,800		TDK Corp		2,035
	5,429	*	Tech Data Corp		331
	13,773	*	TTM Technologies, Inc		116
	10,708	*,e	Universal Display Corp		342
	2,708	*	Vishay Precision Group, Inc		47
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		309,545
TELECOMMUNICATION SERVICES - 1.2%
	29,248	*,e	Boingo Wireless, Inc		198
	864,722		BT Group plc		5,499

384

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
	9,017	*	Cbeyond Communications, Inc	$	65
	1,059,915	e	CenturyTel, Inc		34,808
	161,417	*	Cincinnati Bell, Inc		559
	2,650	e	Consolidated Communications Holdings, Inc		53
	2,072,823	e	Frontier Communications Corp		11,815
	43,979	*,e	Iridium Communications, Inc		330
	178,800	*	KDDI Corp		10,382
	29,997	*	Level 3 Communications, Inc		1,174
	102,800		Nippon Telegraph & Telephone Corp		5,586
	532,600		NTT DoCoMo, Inc		8,393
	86,400	e	Rogers Communications, Inc (Class B)		3,580
	33,323	*	SBA Communications Corp (Class A)		3,031
	166,700		Softbank Corp		12,597
	2,346,686	*,e	Sprint Corp		21,566
	14,008		Swisscom AG.		8,606
	699,891		TeliaSonera AB		5,286
	20,600	*	TELUS Corp		739
	68,610	*	tw telecom inc (Class A)		2,145
	1,580		USA Mobility, Inc		29
	4,816,507		Vodafone Group plc		17,712
	119,894	*	Vonage Holdings Corp		512
	858,532	e	Windstream Holdings, Inc		7,074
			TOTAL TELECOMMUNICATION SERVICES		161,739
TRANSPORTATION - 1.5%
	44,483	e	Abertis Infraestructuras S.A. (Continuous)		1,017
	94,742		Alaska Air Group, Inc		8,840
	773		Allegiant Travel Co		87
	4,146		Arkansas Best Corp		153
	639,647	*	Auckland International Airport Ltd		2,116
	104,766		Autostrade S.p.A.		2,692
	24,956	*	Avis Budget Group, Inc		1,215
	203,200		Canadian National Railway Co		11,416
	1,437,000		Cathay Pacific Airways Ltd		2,684
	30,500		Central Japan Railway Co		3,563
	1,084,254		CSX Corp		31,411
	134,669	*	Deutsche Lufthansa AG.		3,531
	465,498		Deutsche Post AG.		17,306
	71,700		East Japan Railway Co		5,281
	8,074	*	Echo Global Logistics, Inc		148
	5		Expeditors International of Washington, Inc		0^
	5,413		Fraport AG. Frankfurt Airport Services Worldwide		404
	103,000		Mitsui OSK Lines Ltd		401
	2,037,197		MTR Corp		7,549
	265,109		Norfolk Southern Corp		25,761
	413,000		Singapore Airlines Ltd		3,441
	228,000		Tokyu Corp		1,393
	104,281		Transurban Group		703
	167,106		Union Pacific Corp		31,359
	510,592		United Parcel Service, Inc (Class B)		49,722
			TOTAL TRANSPORTATION		212,193

385

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

				VALUE
SHARES			COMPANY	(000)
UTILITIES - 2.2%
	29,928		AGL Energy Ltd	$	422
	8,000		American States Water Co		258
	13,544		American Water Works Co, Inc		615
	257,758	*	Calpine Corp		5,390
	255,104		Centerpoint Energy, Inc		6,043
	837,282		Centrica plc		4,606
	574		Chesapeake Utilities Corp		36
	333,075		Cleco Corp		16,847
	881,500		CLP Holdings Ltd		6,652
	455,602		Consolidated Edison, Inc		24,443
	211,007		Contact Energy Ltd		975
	200,987		Duke Energy Corp		14,314
	2,474		Empire District Electric Co		60
	28,688		Enel Green Power S.p.A		81
	714,259		Energias de Portugal S.A.		3,316
	2,769,736		Hong Kong & China Gas Ltd		6,051
	1,138,700		Iberdrola S.A.		7,968
	7,771		Integrys Energy Group, Inc		464
	14,435		MDU Resources Group, Inc		495
	93,713		MGE Energy, Inc		3,676
	1,088,320		National Grid plc		14,955
	11,280		New Jersey Resources Corp		562
	443,338		NextEra Energy, Inc		42,392
	620,350		NiSource, Inc		22,041
	334,247		Northeast Utilities		15,208
	1,420	e	Ormat Technologies, Inc		43
	51,000		Osaka Gas Co Ltd		193
	854,185	e	Pepco Holdings, Inc		17,494
	517,521		PG&E Corp		22,357
	194,571		Piedmont Natural Gas Co, Inc		6,886
	31,789		Public Service Enterprise Group, Inc		1,212
	455,571		Scottish & Southern Energy plc		11,159
	253,916		Sempra Energy		24,569
	27,089		SJW Corp		801
	512,050		Snam Rete Gas S.p.A.		2,999
	46,662		South Jersey Industries, Inc		2,617
	54,917		SP AusNet		67
	50,626		Suez Environnement S.A.		1,028
	90,839	e	TECO Energy, Inc		1,558
	658,790		Tokyo Gas Co Ltd		3,341
	11,190		UGI Corp		510
	1,494		Unitil Corp		49
	5,427		UNS Energy Corp		326
	27,296		WGL Holdings, Inc		1,094
	46,752	e	Wisconsin Energy Corp		2,176
	107,597		Xcel Energy, Inc		3,267
			TOTAL UTILITIES		301,616
			TOTAL COMMON STOCKS		8,154,135
			(Cost $5,344,439)

386

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

							MATURITY	VALUE
SHARES			COMPANY	RATE			DATE	(000)
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	233,115		Federal Home Loan Mortgage Corp		8.375	%	12/30/49	$	2,564
	740,991		Federal National Mortgage Association		8.250		12/30/49		7,766
	14,500	e	M&T Bank Corp		6.375		12/30/49		14,609
			TOTAL BANKS						24,939
			TOTAL PREFERRED STOCKS						24,939
			(Cost $38,865)
RIGHTS / WARRANTS - 0.0%
BANKS - 0.0%
	1,640,672		Banco Bilbao Vizcaya Argentaria S.A.						384
			TOTAL BANKS						384
INSURANCE - 0.0%
	758,342		RSA Insurance Group plc						424
			TOTAL INSURANCE						424
			TOTAL RIGHTS / WARRANTS						808
			(Cost $380)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 8.8%
GOVERNMENT AGENCY DEBT - 0.1%
$	8,300,000		Federal Home Loan Bank (FHLB)		0.055		04/11/14		8,300
	7,000,000		FHLB		0.065		04/23/14		7,000
			TOTAL GOVERNMENT AGENCY DEBT						15,300
TREASURY DEBT - 5.6%
	3,600,000	w	United States Treasury Bill		0.071		04/03/14		3,600
	61,500,000	w	United States Treasury Bill		0.047-0.050		04/17/14		61,499
	44,300,000	w	United States Treasury Bill		0.050-0.056		04/24/14		44,299
	77,000,000	w	United States Treasury Bill		0.105		05/01/14		76,993
	29,000,000		United States Treasury Bill		0.045-0.050		05/08/14		28,999
	10,000,000	w	United States Treasury Bill		0.045		05/22/14		9,999
	60,000,000	w	United States Treasury Bill		0.049-0.088		05/29/14		59,995
	16,400,000		United States Treasury Bill		0.048		06/05/14		16,399
	3,000,000		United States Treasury Bill		0.070		06/19/14		3,000
	39,700,000	w	United States Treasury Bill		0.050-0.101		06/26/14		39,697
	17,000,000	w	United States Treasury Bill		0.061		07/10/14		16,998
	248,100,000	w	United States Treasury Bill		0.056-0.116		07/24/14		248,067
	28,500,000		United States Treasury Bill		0.050-0.053		08/14/14		28,493
	134,500,000	w	United States Treasury Bill		0.075-0.135		08/21/14		134,469
			TOTAL TREASURY DEBT						772,507
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 3.1%
GOVERNMENT AGENCY DEBT - 0.3%
	23,000,000		Federal Home Loan Bank (FHLB)		6.000		06/27/14		22,998
	15,500,000		FHLB		10.000		08/01/14		15,497
			TOTAL GOVERNMENT AGENCY DEBT						38,495

387

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

						MATURITY	VALUE
PRINCIPAL		ISSUER	RATE			DATE	(000)
TREASURY DEBT - 2.8%
$	43,000,000	United States Treasury Bill		0.051-0.055	%	04/17/14	$	42,999
	29,000,000	United States Treasury Bill		0.050-0.060		04/24/14		28,999
	2,000,000	United States Treasury Bill		0.050		05/08/14		2,000
	10,000,000	United States Treasury Bill		0.045		05/22/14		9,999
	20,000,000	United States Treasury Bill		0.088		06/26/14		19,998
	43,000,000	United States Treasury Bill		0.060-0.110		07/24/14		42,994
	39,000,000	United States Treasury Bill		0.050-0.066		08/14/14		38,991
	82,000,000	United States Treasury Bill		0.060-0.138		08/21/14		81,982
	8,000,000	United States Treasury Bill		0.080		09/04/14		7,998
	20,000,000	United States Treasury Bill		0.095		01/08/15		19,986
	50,000,000	United States Treasury Bill		0.101		02/05/15		49,955
	32,000,000	United States Treasury Note		0.250		06/30/14		32,015
		TOTAL TREASURY DEBT						377,916
		TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						416,411
		TOTAL SHORT-TERM INVESTMENTS						1,204,218
		(Cost $1,204,115)
		TOTAL INVESTMENTS - 107.5%						14,729,599
		(Cost $11,875,628)
		OTHER ASSETS & LIABILITIES, NET - (7.5)%						(1,030,599	)
		NET ASSETS - 100.0%					$	13,699,000

	Abbreviation(s):
REIT	Real Estate Investment Trust

*	Non-income producing.
^	Amount represents less than $1,000.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $418,905,000.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At March 31, 2014, the aggregate value of these securities was $488,402,000, or 3.6% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon
m	Indicates a security that has been deemed illiquid.
w	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
	Cost amounts are in thousands.

388

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

COLLEGE RETIREMENT EQUITIES FUND
MONEY MARKET ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
March 31, 2014

						MATURITY		VALUE
PRINCIPAL			ISSUER	RATE		DATE		(000)
SHORT-TERM INVESTMENTS - 100.0%
CERTIFICATE OF DEPOSIT - 5.4%
$	50,000,000		Banco Del Estado De Chile	0.200	%	05/12/14	$	50,000
	25,000,000		Banco Del Estado De Chile	0.210		06/05/14		25,000
	40,000,000		Banco Del Estado De Chile	0.200		06/09/14		40,000
	35,000,000		Banco Del Estado De Chile	0.210		06/09/14		35,000
	50,000,000		Bank of Montreal	0.170		06/04/14		50,000
	30,000,000		Bank of Nova Scotia	0.170		04/01/14		30,000
	50,000,000		Bank of Nova Scotia	0.190		04/04/14		50,000
	50,000,000		Toronto-Dominion Bank	0.140		04/01/14		50,000
	25,000,000		Toronto-Dominion Bank	0.150		04/02/14		25,000
	50,000,000		Toronto-Dominion Bank	0.130		05/16/14		50,000
	50,000,000		Toronto-Dominion Bank	0.120		05/20/14		50,000
	30,000,000		Toronto-Dominion Bank	0.150		06/09/14		30,000
	25,000,000		Toronto-Dominion Bank	0.150		06/11/14		25,000
	50,000,000		US Bank NA	0.140		05/01/14		50,000
	75,000,000		Wells Fargo Bank NA	0.140		06/02/14		75,000
			TOTAL CERTIFICATE OF DEPOSIT					635,000
COMMERCIAL PAPER - 40.7%
	20,000,000		American Honda Finance Corp	0.100		04/07/14		20,000
	25,000,000		American Honda Finance Corp	0.125		04/09/14		24,999
	4,900,000		American Honda Finance Corp	0.130		04/22/14		4,900
	8,000,000		American Honda Finance Corp	0.070		04/24/14		8,000
	10,000,000		American Honda Finance Corp	0.090		05/07/14		9,999
	10,000,000		American Honda Finance Corp	0.100		05/13/14		9,999
	59,120,000		American Honda Finance Corp	0.105-0.110		05/21/14		59,111
	39,418,000		American Honda Finance Corp	0.100		05/22/14		39,412
	11,000,000		American Honda Finance Corp	0.100		05/23/14		10,998
	17,000,000		American Honda Finance Corp	0.105		06/23/14		16,996
	47,500,000	y	Australia & New Zealand Banking Group Ltd	0.100-0.150		05/07/14		47,493
	10,000,000	y	Australia & New Zealand Banking Group Ltd	0.150		05/14/14		9,998
	25,000,000		Bank of Nova Scotia	0.175		04/02/14		25,000
	45,000,000		Bank of Nova Scotia	0.190-0.195		05/07/14		44,991
	60,570,000		Bank of Nova Scotia	0.165-0.185		06/19/14		60,546
	20,975,000		Bank of Nova Scotia	0.195		07/02/14		20,964
	15,920,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.110-0.160		04/01/14		15,920
	30,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.160		04/14/14		29,998
	10,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.120		04/15/14		10,000
	20,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.150		04/29/14		19,998
	14,235,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.170		05/02/14		14,233
	2,010,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.185		05/20/14		2,010
	10,000,000	y	Bedford Row Funding Corp	0.060		04/03/14		10,000
	3,840,000	y	Bedford Row Funding Corp	0.220		06/16/14		3,838
	38,500,000	y	Bedford Row Funding Corp	0.155		07/01/14		38,485
	30,000,000	y	Bedford Row Funding Corp	0.250-0.260		11/03/14		29,954
	25,000,000	y	CAFCO LLC	0.180		06/09/14		24,991

389

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

							MATURITY		VALUE
	PRINCIPAL		ISSUER	RATE			DATE		(000)
$	30,000,000		Ciesco LLC		0.170	%	05/12/14	$	29,994
	3,000,000	y	Coca-Cola Co		0.135		04/08/14		3,000
	25,000,000	y	Coca-Cola Co		0.125		04/10/14		24,999
	25,000,000	y	Coca-Cola Co		0.110		05/14/14		24,997
	25,000,000	y	Coca-Cola Co		0.120-0.130		05/20/14		24,996
	6,600,000	y	Coca-Cola Co		0.120		05/22/14		6,599
	60,000,000	y	Coca-Cola Co		0.120-0.140		06/04/14		59,986
	25,000,000	y	Coca-Cola Co		0.180		08/04/14		24,985
	6,050,000	y	Coca-Cola Co		0.190		09/03/14		6,045
	800,000	y	Coca-Cola Co		0.190		09/05/14		799
	86,385,000	y	Commonwealth Bank of Australia		0.140-0.155		04/03/14		86,384
	66,720,000	y	Commonwealth Bank of Australia		0.140		04/15/14		66,716
	45,000,000	y	Commonwealth Bank of Australia		0.160		06/27/14		44,983
	45,000,000	y	Commonwealth Bank of Australia		0.170		06/30/14		44,981
	40,000,000	y	Corporate Asset Funding Co, Inc		0.170		05/06/14		39,993
	12,935,000	y	DBS Bank Ltd		0.250		04/01/14		12,935
	45,000,000	y	DBS Bank Ltd		0.170		06/12/14		44,985
	25,000,000	y	DBS Bank Ltd		0.205		08/05/14		24,982
	4,410,000	y	DBS Bank Ltd		0.220		08/26/14		4,406
	35,000,000		Exxon Mobil Corp		0.070		04/28/14		34,998
	6,130,000		Exxon Mobil Corp		0.060		04/29/14		6,130
	19,000,000	y	Fairway Finance LLC		0.160		04/08/14		19,000
	3,500,000	y	Fairway Finance LLC		0.140		04/10/14		3,500
	20,504,000	y	Fairway Finance LLC		0.140		04/17/14		20,503
	21,708,000	y	Fairway Finance LLC		0.130-0.140		04/22/14		21,706
	18,533,000	y	Fairway Finance LLC		0.150		04/23/14		18,531
	45,953,000	y	Fairway Finance LLC		0.150		04/25/14		45,948
	3,486,000	y	Fairway Finance LLC		0.150		04/29/14		3,486
	24,330,000	y	Fairway Finance LLC		0.120-0.190		05/05/14		24,326
	17,095,000	y	Fairway Finance LLC		0.140		05/12/14		17,092
	26,600,000	y	Fairway Finance LLC		0.150		05/13/14		26,595
	20,157,000	y	Fairway Finance LLC		0.150		05/19/14		20,153
	2,573,000	y	Fairway Finance LLC		0.150		06/18/14		2,572
	50,000,000		General Electric Capital Corp		0.120-0.140		05/28/14		49,990
	30,000,000		General Electric Capital Corp		0.150		06/18/14		29,990
	50,000,000		General Electric Capital Corp		0.150		06/23/14		49,983
	45,000,000		General Electric Capital Corp		0.150		08/15/14		44,974
	50,000,000		General Electric Co		0.090		06/24/14		49,990
	22,400,000	y	Hydro-Quebec		0.100		04/09/14		22,399
	18,000,000	y	Hydro-Quebec		0.110		04/14/14		17,999
	3,300,000	y	Hydro-Quebec		0.080		04/15/14		3,300
	42,000,000	y	Hydro-Quebec		0.100		04/23/14		41,997
	42,715,000	y	Hydro-Quebec		0.100-0.110		04/25/14		42,712
	25,750,000	y	Hydro-Quebec		0.110		04/29/14		25,748
	10,000,000	y	Hydro-Quebec		0.100		05/23/14		9,999
	21,900,000	y	Hydro-Quebec		0.120		05/28/14		21,896
	10,870,000	y	Hydro-Quebec		0.120		06/03/14		10,868
	30,000,000	y	International Business Machines Corp		0.070		04/29/14		29,998
	7,500,000		International Business Machines Corp		1.250		05/12/14		7,509
	15,000,000	y	International Business Machines Corp		0.070		05/13/14		14,999
	50,000,000	y	International Business Machines Corp		0.070		05/20/14		49,995
	24,085,000	y	International Business Machines Corp		0.070		05/22/14		24,083
	17,440,000	y	International Business Machines Corp		0.080		05/23/14		17,438

390

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

							MATURITY		VALUE
	PRINCIPAL		ISSUER	RATE			DATE		(000)
$	2,100,000	y	Liberty Street Funding LLC		0.130	%	04/01/14	$	2,100
	15,000,000	y	Liberty Street Funding LLC		0.130		04/03/14		15,000
	8,150,000	y	Liberty Street Funding LLC		0.130		04/14/14		8,150
	27,000,000	y	Liberty Street Funding LLC		0.167		04/22/14		26,997
	6,400,000	y	Liberty Street Funding LLC		0.170		04/23/14		6,399
	20,000,000	y	Liberty Street Funding LLC		0.170		05/29/14		19,995
	6,120,000	y	Liberty Street Funding LLC		0.190		06/16/14		6,118
	40,000,000	y	Merck & Co, Inc		0.070		04/29/14		39,998
	47,500,000	y	Mitsubishi UFJ Trust & Banking Corp		0.170		04/08/14		47,498
	20,000,000	y	National Australia Funding Delaware, Inc		0.140		04/02/14		20,000
	70,000,000	y	National Australia Funding Delaware, Inc		0.160-0.163		05/05/14		69,989
	43,000,000	y	National Australia Funding Delaware, Inc		0.130		06/24/14		42,987
	30,000,000	y	National Australia Funding Delaware, Inc		0.125		07/22/14		29,988
	30,000,000	y	National Australia Funding Delaware, Inc		0.145		07/28/14		29,986
	43,320,000	y	Nestle Capital Corp		0.093-0.100		04/03/14		43,320
	30,000,000	y	Nestle Capital Corp		0.100		04/16/14		29,999
	50,000,000	y	Nestle Capital Corp		0.100		05/09/14		49,995
	25,000,000	y	Nestle Capital Corp		0.118		05/12/14		24,997
	25,000,000	y	Nestle Capital Corp		0.100		05/16/14		24,997
	35,000,000	y	Nestle Capital Corp		0.100		06/02/14		34,994
	15,000,000	y	Nestle Capital Corp		0.100		06/04/14		14,997
	25,000,000	y	Nestle Capital Corp		0.110		06/11/14		24,994
	54,650,000	y	Nestle Capital Corp		0.100-0.120		06/12/14		54,639
	20,000,000	y	Nestle Capital Corp		0.110		06/18/14		19,995
	13,000,000	y	Old Line Funding LLC		0.140-0.160		04/25/14		12,999
	20,000,000	y	Old Line Funding LLC		0.160		06/19/14		19,993
	25,000,000	y	Old Line Funding LLC		0.170		06/20/14		24,991
	4,300,000	y	Old Line Funding LLC		0.160		06/23/14		4,298
	12,488,000	y	Old Line Funding LLC		0.170		06/27/14		12,483
	9,200,000		PACCAR Financial Corp		0.100		04/03/14		9,200
	5,170,000		PACCAR Financial Corp		0.070		04/10/14		5,170
	16,600,000		PACCAR Financial Corp		0.080-0.100		04/24/14		16,599
	16,399,000		PACCAR Financial Corp		0.080		04/25/14		16,398
	4,200,000		PACCAR Financial Corp		0.080		05/01/14		4,200
	13,700,000		PACCAR Financial Corp		0.120		05/07/14		13,698
	15,295,000	y	Pfizer, Inc		0.070-0.080		05/29/14		15,293
	20,000,000	y	Pfizer, Inc		0.100		06/09/14		19,996
	30,000,000	y	Pfizer, Inc		0.100		06/10/14		29,994
	29,015,000	y	Private Export Funding Corp		0.250		04/07/14		29,014
	25,300,000	y	Private Export Funding Corp		0.100		04/17/14		25,299
	30,000,000	y	Private Export Funding Corp		0.100		06/06/14		29,995
	7,000,000	y	Private Export Funding Corp		0.150		07/14/14		6,997
	6,600,000	y	Procter & Gamble Co		0.090		04/10/14		6,600
	35,000,000	y	Procter & Gamble Co		0.090		04/21/14		34,998
	40,000,000	y	Procter & Gamble Co		0.100		04/22/14		39,998
	4,190,000	y	Procter & Gamble Co		0.100		04/30/14		4,190
	30,000,000	y	Procter & Gamble Co		0.120		05/14/14		29,996
	30,000,000	y	Procter & Gamble Co		0.100		05/27/14		29,995
	48,000,000	y	Procter & Gamble Co		0.095		05/30/14		47,992
	7,500,000	y	Procter & Gamble Co		0.090		06/03/14		7,499
	25,000,000	y	Procter & Gamble Co		0.100		06/11/14		24,995
	30,000,000	y	Procter & Gamble Co		0.100		06/24/14		29,993
	54,750,000		Province of British Columbia		0.120		07/14/14		54,731

391

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

							MATURITY		VALUE
	PRINCIPAL		ISSUER	RATE			DATE		(000)
$	50,000,000		Province of Ontario Canada		0.102	%	04/07/14	$	49,999
	46,901,000		Province of Ontario Canada		0.100		04/08/14		46,900
	20,000,000		Province of Ontario Canada		0.100		04/11/14		19,999
	26,558,000		Province of Ontario Canada		0.100		04/14/14		26,557
	30,000,000		Province of Ontario Canada		0.110		04/22/14		29,998
	2,200,000		Province of Ontario Canada		0.110		04/24/14		2,200
	15,000,000		Province of Ontario Canada		0.110		04/28/14		14,999
	25,000,000		Province of Ontario Canada		0.110		04/30/14		24,998
	16,971,000		Province of Ontario Canada		0.110-0.120		05/05/14		16,969
	4,300,000		Province of Ontario Canada		0.120		05/20/14		4,299
	20,000,000		Province of Ontario Canada		0.120		05/30/14		19,996
	27,534,000		Province of Ontario Canada		0.120		06/09/14		27,528
	3,599,000		Province of Ontario Canada		0.120		06/12/14		3,598
	15,000,000		Province of Ontario Canada		0.110		06/13/14		14,997
	10,000,000		Province of Ontario Canada		0.105		06/17/14		9,998
	18,272,000	y	Province of Quebec Canada		0.100		04/02/14		18,272
	62,410,000	y	Province of Quebec Canada		0.100		04/07/14		62,409
	25,000,000	y	Province of Quebec Canada		0.100		05/27/14		24,996
	32,500,000	y	PSP Capital, Inc		0.110-0.120		04/04/14		32,500
	20,000,000	y	PSP Capital, Inc		0.140		04/14/14		19,999
	30,000,000	y	PSP Capital, Inc		0.140		04/16/14		29,998
	10,000,000	y	PSP Capital, Inc		0.150		04/24/14		9,999
	7,400,000	y	PSP Capital, Inc		0.140-0.160		04/25/14		7,399
	12,000,000	y	PSP Capital, Inc		0.135		04/30/14		11,999
	35,000,000	y	PSP Capital, Inc		0.140		06/12/14		34,990
	50,000,000	y	PSP Capital, Inc		0.130-0.140		06/16/14		49,985
	20,000,000	y	PSP Capital, Inc		0.150		06/18/14		19,994
	4,350,000	y	PSP Capital, Inc		0.270		07/28/14		4,346
	2,230,000		Rabobank USA Financial Corp		0.140		05/05/14		2,230
	18,000,000	y	Shell International Finance BV		0.100		04/16/14		17,999
	52,100,000	y	Shell International Finance BV		0.070		04/22/14		52,098
	30,000,000	y	Standard Chartered Bank		0.260		04/01/14		30,000
	19,500,000	y	Standard Chartered Bank		0.160		04/03/14		19,500
	40,000,000	y	Thunder Bay Funding LLC		0.170		05/02/14		39,994
	4,300,000	y	Thunder Bay Funding LLC		0.160		06/20/14		4,298
	18,200,000	y	Thunder Bay Funding LLC		0.175		06/25/14		18,192
	5,856,000	y	Thunder Bay Funding LLC		0.180		07/03/14		5,853
	30,000,000	y	Thunder Bay Funding LLC		0.170		07/21/14		29,984
	25,000,000	y	Toronto-Dominion Holdings USA, Inc		0.125		05/27/14		24,995
	50,000,000		Toyota Motor Credit Corp		0.180		04/10/14		49,998
	25,000,000		Toyota Motor Credit Corp		0.170		04/17/14		24,998
	50,000,000		Toyota Motor Credit Corp		0.130		06/03/14		49,989
	25,000,000		Toyota Motor Credit Corp		0.130		06/06/14		24,994
	25,000,000		Toyota Motor Credit Corp		0.140		06/13/14		24,993
	25,000,000		Toyota Motor Credit Corp		0.150		06/23/14		24,991
	18,970,000	y	United Overseas Bank Ltd		0.210		04/14/14		18,968
	20,000,000	y	United Overseas Bank Ltd		0.185		04/22/14		19,998
	35,700,000	y	United Overseas Bank Ltd		0.190-0.200		04/28/14		35,695
	33,150,000	y	United Overseas Bank Ltd		0.150-0.200		05/13/14		33,142
	24,000,000	y	United Overseas Bank Ltd		0.180		06/17/14		23,991
	21,000,000	y	United Overseas Bank Ltd		0.195		06/18/14		20,991
	23,000,000	y	United Overseas Bank Ltd		0.200		07/21/14		22,986
	2,150,000	y	United Overseas Bank Ltd		0.230-0.250		08/27/14		2,148

392

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

							MATURITY		VALUE
	PRINCIPAL		ISSUER	RATE			DATE		(000)
$	15,000,000	y	Wal-Mart Stores, Inc		0.090	%	04/07/14	$	15,000
	55,000,000	y	Wal-Mart Stores, Inc		0.060-0.085		04/08/14		54,999
	73,978,000	y	Wal-Mart Stores, Inc		0.070-0.110		04/28/14		73,973
	48,804,000	y	Wal-Mart Stores, Inc		0.080-0.085		04/29/14		48,801
	30,000,000	y	Wal-Mart Stores, Inc		0.110		05/06/14		29,997
	35,000,000	y	Westpac Banking Corp		0.190		09/26/14		34,967
			TOTAL COMMERCIAL PAPER						4,836,424
GOVERNMENT AGENCY DEBT - 25.6%
	5,000,000		Federal Farm Credit Bank (FFCB)		0.070		05/27/14		4,999
	81,338,000		Federal Home Loan Bank (FHLB)		0.055-0.070		04/02/14		81,338
	90,700,000		FHLB		0.050-0.110		04/04/14		90,699
	140,900,000		FHLB		0.055-0.070		04/09/14		140,898
	68,040,000		FHLB		0.040-0.080		04/10/14		68,039
	120,080,000		FHLB		0.053-0.060		04/11/14		120,078
	45,000,000		FHLB		0.065		04/14/14		44,999
	59,025,000		FHLB		0.064-0.065		04/16/14		59,024
	104,300,000		FHLB		0.055-0.085		04/21/14		104,296
	117,000,000		FHLB		0.062-0.085		04/23/14		116,995
	25,000,000		FHLB		0.060		04/24/14		24,999
	63,300,000		FHLB		0.065-0.090		04/25/14		63,297
	30,000,000		FHLB		0.060-0.070		04/30/14		29,998
	15,700,000		FHLB		0.065-0.105		05/01/14		15,699
	99,300,000		FHLB		0.055-0.075		05/02/14		99,295
	5,800,000		FHLB		0.065		05/06/14		5,800
	87,785,000		FHLB		0.050-0.075		05/07/14		87,780
	67,430,000		FHLB		0.055-0.069		05/09/14		67,425
	120,000,000		FHLB		0.060-0.085		05/14/14		119,990
	99,783,000		FHLB		0.050-0.110		05/16/14		99,774
	10,674,000		FHLB		0.065-0.070		05/19/14		10,673
	84,580,000		FHLB		0.065-0.072		05/21/14		84,572
	43,555,000		FHLB		0.060-0.073		05/23/14		43,551
	43,635,000		FHLB		0.058-0.070		05/28/14		43,631
	93,770,000		FHLB		0.063-0.070		05/30/14		93,760
	49,000,000		FHLB		0.070		06/04/14		48,994
	60,780,000		FHLB		0.070		06/06/14		60,772
	20,000,000		FHLB		0.072		06/13/14		19,997
	57,592,000		FHLB		0.065-0.080		06/20/14		57,582
	36,690,000		FHLB		0.070		06/25/14		36,684
	112,690,000		FHLB		0.062-0.065		06/27/14		112,673
	700,000		FHLB		0.110		07/18/14		700
	57,600,000		FHLB		0.080-0.092		07/23/14		57,584
	8,500,000		FHLB		0.082		07/25/14		8,498
	41,400,000		FHLB		0.075-0.082		07/30/14		41,389
	15,000,000		FHLB		0.095		08/22/14		14,994
	4,000,000		FHLB		0.140		09/18/14		3,997
	21,500,000		Federal Home Loan Mortgage Corp (FHLMC)		0.075		04/01/14		21,500
	5,000,000		FHLMC		0.105		04/14/14		5,000
	12,385,000		FHLMC		0.060		04/21/14		12,385
	9,600,000		FHLMC		0.065		05/01/14		9,599
	10,090,000		FHLMC		0.040		05/02/14		10,090
	40,927,000		FHLMC		0.060-0.085		05/05/14		40,924
	15,000,000		FHLMC		0.060		05/06/14		14,999

393

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

						MATURITY		VALUE
	PRINCIPAL	ISSUER	RATE			DATE		(000)
$	40,000,000	FHLMC		0.090	%	05/08/14	$	39,996
	39,400,000	FHLMC		0.059-0.090		05/12/14		39,397
	105,900,000	FHLMC		0.055-0.065		05/19/14		105,891
	35,000,000	FHLMC		0.058-0.060		05/27/14		34,997
	38,000,000	FHLMC		0.071		06/10/14		37,995
	3,485,000	FHLMC		0.090		06/13/14		3,484
	36,497,000	FHLMC		0.060		06/23/14		36,492
	20,529,000	FHLMC		0.070-0.085		07/11/14		20,525
	1,350,000	FHLMC		0.080		07/17/14		1,350
	11,790,000	FHLMC		0.080		07/21/14		11,787
	1,000,000	FHLMC		0.090		08/01/14		1,000
	7,100,000	FHLMC		0.070		08/13/14		7,098
	11,364,000	FHLMC		0.090		08/25/14		11,360
	10,000,000	Federal National Mortgage Association (FNMA)		0.090		04/16/14		10,000
	39,280,000	FNMA		0.092		04/21/14		39,278
	5,015,000	FNMA		0.060		04/23/14		5,015
	9,610,000	FNMA		0.057		04/30/14		9,610
	37,200,000	FNMA		0.048-0.105		05/01/14		37,198
	6,950,000	FNMA		0.065		05/21/14		6,949
	5,345,000	FNMA		0.062		05/23/14		5,345
	45,573,000	FNMA		0.055		05/28/14		45,569
	24,200,000	FNMA		0.100		06/02/14		24,196
	15,000,000	FNMA		0.068		06/05/14		14,998
	30,405,000	FNMA		0.060-0.065		06/11/14		30,401
	7,160,000	FNMA		0.065		06/16/14		7,159
	81,562,000	FNMA		0.065-0.072		06/18/14		81,550
	26,200,000	FNMA		0.072		07/01/14		26,195
	43,175,000	FNMA		0.075-0.090		07/14/14		43,165
		TOTAL GOVERNMENT AGENCY DEBT						3,037,970
TREASURY DEBT - 17.6%
	40,000,000	United States Treasury Bill		0.043-0.050		04/10/14		40,000
	80,000,000	United States Treasury Bill		0.041-0.050		04/17/14		79,998
	100,000,000	United States Treasury Bill		0.027-0.085		04/24/14		99,997
	50,000,000	United States Treasury Bill		0.038-0.045		05/01/14		49,998
	104,260,000	United States Treasury Bill		0.048-0.056		05/08/14		104,254
	69,870,000	United States Treasury Bill		0.042-0.083		05/22/14		69,865
	80,000,000	United States Treasury Bill		0.040-0.050		05/29/14		79,994
	50,000,000	United States Treasury Bill		0.048		06/05/14		49,996
	25,000,000	United States Treasury Bill		0.043		06/12/14		24,998
	20,000,000	United States Treasury Bill		0.045		06/19/14		19,998
	112,000,000	United States Treasury Bill		0.050-0.088		06/26/14		111,979
	20,000,000	United States Treasury Bill		0.053		07/10/14		19,997
	4,645,000	United States Treasury Bill		0.065		07/17/14		4,644
	70,735,000	United States Treasury Bill		0.055-0.078		07/24/14		70,719
	86,225,000	United States Treasury Bill		0.089-0.096		08/21/14		86,193
	10,000,000	United States Treasury Bill		0.060		09/04/14		9,997
	10,000,000	United States Treasury Bill		0.075		09/18/14		9,996
	29,645,000	United States Treasury Bill		0.080-0.096		11/13/14		29,628
	9,190,000	United States Treasury Bill		0.128-0.133		12/11/14		9,182
	1,125,000	United States Treasury Bill		0.110		01/08/15		1,124
	100,175,000	United States Treasury Note		1.250		04/15/14		100,219
	100,000,000	United States Treasury Note		0.250		04/30/14		100,009

394

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

							MATURITY		VALUE
	PRINCIPAL		ISSUER	RATE			DATE		(000)
$	99,625,000		United States Treasury Note		1.000	%	05/15/14	$	99,728
	81,970,000		United States Treasury Note		0.750		06/15/14		82,076
	101,610,000		United States Treasury Note		0.250		06/30/14		101,641
	111,325,000		United States Treasury Note		0.625		07/15/14		111,478
	100,000,000		United States Treasury Note		0.125		07/31/14		100,004
	68,050,000		United States Treasury Note		0.500		08/15/14		68,142
	10,000,000		United States Treasury Note		0.250		09/15/14		10,004
	20,000,000		United States Treasury Note		0.250		09/30/14		20,017
	60,000,000		United States Treasury Note		0.250		10/31/14		60,044
	61,625,000		United States Treasury Note		0.250		11/30/14		61,673
	76,010,000		United States Treasury Note		0.250		12/15/14		76,066
	16,860,000		United States Treasury Note		0.125		12/31/14		16,860
	100,000,000		United States Treasury Note		0.250		01/15/15		100,081
			TOTAL TREASURY DEBT						2,080,599
VARIABLE RATE SECURITIES - 10.7%
	42,000,000	i	Federal Farm Credit Bank (FFCB)		0.131		04/01/14		41,983
	95,000,000	i	FFCB		0.180		04/01/14		95,000
	94,500,000	i	FFCB		0.180		04/01/14		94,489
	50,000,000	i	FFCB		0.181		04/01/14		49,992
	65,000,000	i	FFCB		0.181		04/01/14		64,990
	50,000,000	i	FFCB		0.185		04/01/14		50,000
	35,000,000	i	FFCB		0.191		04/01/14		35,003
	54,500,000	i	FFCB		0.200		04/01/14		54,519
	70,000,000	i	FFCB		0.200		04/01/14		70,000
	10,000,000	i	FFCB		0.250		04/01/14		10,011
	45,000,000	i	FFCB		0.250		04/01/14		45,043
	50,000,000	i	FFCB		0.125		04/16/14		50,000
	25,000,000	i	FFCB		0.145		07/10/14		25,000
	36,600,000	i	FFCB		0.180		07/21/14		36,603
	25,000,000	i	FFCB		0.171		09/19/14		25,000
	23,750,000	i	FFCB		0.280		10/14/14		23,751
	70,000,000	i	FFCB		0.120		10/27/14		70,000
	75,000,000	i	FFCB		0.240		10/27/14		74,991
	50,000,000	i	FFCB		0.151		12/12/14		50,000
	50,000,000	i	Federal Home Loan Bank (FHLB)		0.200		04/01/14		50,000
	20,000,000	i	FHLB		0.220		04/01/14		20,010
	80,000,000	i	Federal National Mortgage Association (FNMA)		0.137		06/20/14		79,997
	50,000,000	i	Royal Bank of Canada		0.280		06/10/14		50,000
	50,000,000	i	Toronto-Dominion Bank		0.203		09/02/14		50,000
	50,000,000	i	Wells Fargo Bank NA		0.240		04/01/14		50,000
			TOTAL VARIABLE RATE SECURITIES						1,266,382
			TOTAL SHORT-TERM INVESTMENTS						11,856,375
			(Cost $11,856,375)
			TOTAL INVESTMENTS - 100.0%						11,856,375
			(Cost $11,856,375)
			OTHER ASSETS & LIABILITIES, NET - 0.0%						(1,484	)
			NET ASSETS - 100.0%					$	11,854,891

395

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

i	Floating or variable rate security. Coupon rate reflects the rate at period end.
y	Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 03/31/2014, the aggregate value of these securities was $3,449,568,000, or 29.1% of net assets.
	Cost amounts are in thousands.

396

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Note 1—organization and significant accounting policies

The purpose of the College Retirement Equities Fund (“CREF”), as stated in its charter, is to aid and strengthen non-profit educational and research organizations, governmental entities, and other non-profit institutions by providing their employees with variable retirement benefits. CREF is registered with the Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. It consists of eight investment portfolios: the Stock, Global Equities, Growth, Equity Index, Bond Market, Inflation-Linked Bond, Social Choice and Money Market Accounts (individually referred to as the “Account” or collectively referred to as the “Accounts”).

The accompanying schedules of investments were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) which may require the use of estimates made by management. Actual results may differ from those estimates. The following is a summary of the significant accounting policies consistently followed by the Accounts.

Security valuation: For all Accounts (other than the Money Market Account), investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments. Investments held by the Money Market Account are recorded at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity.

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

Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.

Transactions with affiliates: The Accounts may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board of Trustees (“Board”), pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions.

Note 2—valuation of investments

Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board. U.S. GAAP establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.)

• Level 3 – significant unobservable inputs (including the Accounts’ own assumptions in determining the fair value of investments)

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

397

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A description of the valuation techniques applied to the Accounts’ major categories of assets and liabilities measured at fair value follows:

Exchange-traded equity securities, common and preferred stock: Equity securities listed or traded on a national market or exchange are valued based on their sale price on such market or exchange at the close of business on the date of valuation, or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign investments are valued at the last sale price or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded closes and the time when the Accounts’ net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Board. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.

Debt securities: Debt securities, including equity-linked notes, will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, yields or any other key inputs are unobservable, they are categorized in Level 3 of the hierarchy.

Short-term investments: Short-term investments, excluding investments in registered investment companies, with maturities of 60 days or less are valued at amortized cost. Short-term investments (other than those in the Money Market Account) with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments in the Money Market Account are valued at amortized cost. Short-term investments are generally categorized in Level 2 of the fair value hierarchy.

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

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

Options: Purchased and written options listed or traded on a national market or exchange are valued at the last sale price as of the close of such exchange or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy.

Credit default swap contracts: Credit default swap contracts are marked-to-market daily based upon a price supplied by a pricing service. Credit default swaps are generally categorized as Level 2 in the fair value hierarchy.

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value is valued at fair value, as determined in good faith using procedures approved by the Board. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.

Transfers between levels are recognized at the end of the reporting period. For the period ended March 31, 2014, there were no material transfers between levels by the Accounts.

398

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

As of March 31, 2014, 100% of the value of investments in the Inflation-Linked Bond and Money Market Accounts were valued based on Level 2 inputs.

The following table summarizes the market value of the Accounts’ investments as of March 31, 2014, based on the inputs used to value them (dollar amounts are in thousands):

Account	Level 1			Level 2		Level 3		Total
Stock
Equity investments:
Consumer discretionary	$	12,285,134		$	5,300,758	$	57	$	17,585,949
Consumer staples		6,486,242			3,101,949		964		9,589,155
Energy		8,231,733			2,908,634		285		11,140,652
Financials		14,734,050			9,352,768		1,515		24,088,333
Health care		11,687,468			3,056,083		70,200		14,813,751
Industrials		10,272,118			5,017,547		98		15,289,763
Information technology		16,107,861			2,904,359		2		19,012,222
Materials		3,421,278			3,210,042		230		6,631,550
Telecommunication services		1,840,811			1,530,396		494		3,371,701
Utilities		2,333,104			1,208,783		-		3,541,887
Corporate bonds		-			19		36		55
Government bonds		-			283		-		283
Equity-linked notes		-			1,848		-		1,848
Purchased options		117			-		-		117
Short-term investments		-			5,651,060		-		5,651,060
Written options**		(288	)		-		-		(288	)
Total	$	87,399,628		$	43,244,529	$	73,881	$	130,718,038
Global Equities
Equity investments:
Asia	$	-		$	1,436,801	$	-	$	1,436,801
Australia		-			422,801		-		422,801
Europe		145,936			4,173,754		-		4,319,690
North America		10,221,858			705,588		-		10,927,446
All other equity investments*		88,774			1,651,133		-		1,739,907
Short-term investments		-			717,253		-		717,253
Futures**		164			-		-		164
Total	$	10,456,732		$	9,107,330	$	-	$	19,564,062
Growth
Equity investments:
Consumer discretionary	$	3,866,257		$	230,170	$		$	4,096,427
Consumer staples		1,332,772			34,335		-		1,367,107
Financials		1,336,445			11,736		-		1,348,181
Health care		2,623,183			160,297		-		2,783,480
Industrials		2,255,112			53,766		-		2,308,878
Information technology		5,511,048			30,852		-		5,541,900
Materials		810,082			6,834		-		816,916
Telecommunication services		160,205			73,762		-		233,967
All other equity investments*		672,208			-		-		672,208
Short-term investments		481,967			152,482		-		634,449
Futures**		212			-		-		212
Total	$	19,049,491		$	754,234	$	-	$	19,803,725

399

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Account	Level 1		Level 2			Level 3		Total
Equity Index
Equity investments:
Energy	$	1,478,933	$	-		$	19	$	1,478,952
Health care		2,056,843		-			18,749		2,075,592
Telecommunication services		354,435		-			118		354,553
All other equity investments*		12,058,947		-			-		12,058,947
Short-term investments		550,140		9,898			-		560,038
Futures**		4		-			-		4
Total	$	16,499,302	$	9,898		$	18,886	$	16,528,086
Bond Market
Bank loan obligations	$	-	$	18,078		$	-	$	18,078
Corporate bonds		-		4,322,347			-		4,322,347
Government bonds		-		6,815,508			-		6,815,508
Structured assets		-		1,620,665			3,834		1,624,499
Preferred stocks		21,180		-			-		21,180
Short-term investments		-		2,303,573					2,303,573
Credit default swaps**		-		(230	)				(230	)
Total	$	21,180	$	15,079,941		$	3,834	$	15,104,955
Social Choice
Equity investments:
Consumer discretionary	$	858,771	$	182,806		$	-	$	1,041,577
Consumer staples		488,908		162,955			-		651,863
Energy		589,857		143,237			-		733,094
Financials		1,365,495		469,303			-		1,834,798
Health care		763,403		169,262			-		932,665
Industrials		678,845		237,775			-		916,620
Information technology		1,077,322		64,939			-		1,142,261
Materials		305,086		158,563			-		463,649
Telecommunication services		83,359		78,380			-		161,739
Utilities		237,803		63,813			-		301,616
Bank loan obligations		-		21,382			-		21,382
Corporate bonds		-		1,939,223			-		1,939,223
Government bonds		-		3,123,536			-		3,123,536
Structured assets		-		261,358			-		261,358
Short-term investments		-		1,204,218			-		1,204,218
Total	$	6,448,849	$	8,280,750		$	-	$	14,729,599

* For detailed categories, see the accompanying schedule of investments.

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

Note 3—derivative instruments

As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Derivatives require little or no initial investment and permit or require net settlement. The Accounts value derivatives at fair value.

Futures contracts: Certain Accounts are subject to equity price risk in the normal course of pursuing their investment objectives. The Accounts use futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin receipts or payments settled daily reflecting changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures, there is minimal counterparty credit risk to the Accounts since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded funds, guarantees the futures against default.

400

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

At March 31, 2014, the Accounts held the following open futures contracts (dollar amounts are in thousands):

Account	Futures	Number of contracts	Settlement value		Expiration date	Unrealized gain (loss)
Global Equities	S&P 500 Index E-mini	850	$	79,246	June 2014	$	164
Growth	S&P 500 Index E-mini	1,100		102,553	June 2014		212
Equity Index	S&P 500 Index E-mini	91		8,484	June 2014		13
	S&P Mid-Cap 400 Index E-mini	5		687	June 2014		2
	Russell 2000 Mini index	11		1,288	June 2014		(11	)
Total		107	$	10,459		$	4

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

The following Account had purchased options outstanding as of March 31, 2014 (dollar amounts are in thousands):

	Number of contracts		Value
Stock Account
Bank of America Corp, Call, 06/21/14 at $17		300	$	25
Bank of America Corp, Call, 08/16/14 at $17		300		32
Citigroup, Inc, Call, 06/21/14 at $49		160		21
Exxon Mobil Corp, Call, 10/18/14 at $98		100		39
Tesla Motors, Inc, Call, 04/04/14 at $245		5		-
		865	$	117

Written options outstanding as of March 31, 2014 were as follows (dollar amounts are in thousands):

	Number of  contracts		Value
Stock Account
Bank of America Corp, Call, 03/28/14 at $18		200	$	-
Bank of America Corp, Call, 06/21/14 at $18		600		(25	)
Bank of America Corp, Call, 08/16/14 at $18		600		(38	)
Citigroup, Inc, Call, 06/21/14 at $50		160		(16	)
Citigroup, Inc, Call, 06/21/14 at $55		160		(3	)
Exxon Mobil Corp, Call, 10/18/14 at $100		100		(28	)
Exxon Mobil Corp, Call, 10/18/14 at $105		100		(12	)
Facebook, Inc, Call, 04/04/14 at $80		25		-
Microsoft Corp, Call, 04/19/14 at $40		1,210		(165	)
Procter & Gamble Co, Call, 04/19/14 at $85		230		(1	)
Tesla Motors, Inc, Call, 04/04/14 at $258		10		-
		3,395	$	(288	)

401

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Credit default swap contracts: Certain Accounts are subject to credit risk in the normal course of pursuing their investment objectives. A credit default swap is a contract between a buyer and a seller of protection against pre-defined credit events for the reference entity. As a seller in a credit default swap contract, the Account is required to pay an agreed-upon amount to the counterparty with the occurrence of a specified credit event, such as certain bankruptcies related to an underlying credit instrument, index, or issuer which would likely result in a loss to the Account. The agreed upon amount approximates the notional value of the swap and is estimated to be the maximum potential future payment that the Account could be required to make under the contract. In return, the Account receives from the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Account keeps the stream of payments with no payment obligations. When the Account sells a credit default swap contract it will cover its commitment. This may be achieved by, among other methods, maintaining cash or liquid assets in a segregated account equal to the aggregate notional value of the reference entities for all outstanding credit default swap contracts sold by the Account.

The Account may also buy credit default swap contracts, in which case the Account functions as the counterparty referenced above. This involves the risk that the contract may expire worthless. It also involves counterparty risk that the seller may fail to satisfy its payment obligations to the Account with the occurrence of a credit event.

Credit default swaps are valued daily, and any change in the value of the swaps is reflected separately as a change in unrealized appreciation (depreciation). Under the terms of the credit default swap contracts, the Account receives or makes quarterly payments based on a payment rate on a fixed notional amount. These payments are recorded as a realized gain or loss. Payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses. The Accounts invest in credit default swaps to hedge or manage the risks associated with assets held in the Account and/or to facilitate the implementation of portfolio strategies.

At March 31, 2014, open credit default swap contracts purchased by the Accounts were as follows (dollar amounts are in thousands):

Account	Reference entity	Counterparty	Maturity Date	Fixed payments received by fund per annum	Implied credit spread at 3/31/14 (1)	Notional amount (2)		Upfront premium paid (received)		Unrealized appreciation (depreciation)
Bond Market	Republic of Poland	JP Morgan Chase Bank N.A.	9/20/18	1.00%	0.58%	$	12,000	$	30	$	(330	)

(1) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign issues of an emerging country as of period end, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(2) The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement.

402

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Note 4 – affiliated investments

Companies in which an Account holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Account, pursuant to the 1940 Act. Information regarding transactions with affiliated companies is as follows (dollar amounts are in thousands):

	Value at		Purchase		Sales		Realized		Dividend		Shares at		Value at
Issue	December 31, 2013		cost		proceeds		gain (loss)		income		March 31, 2014		March 31, 2014
Stock Account
Hibernia REIT plc	$	31,243	$	—	$	—	$	—	$	—		19,410,600	$	28,292
Growth Account
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	338,936	$	205,722	$	62,691	$	—	$	—		481,966,995	$	481,967
Equity Index Account
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	536,110	$	56,943	$	42,913	$	—	$	—		550,139,801	$	550,140

Note 5 – investments

Securities lending: Certain Accounts may lend their securities to qualified institutional borrowers to earn additional income. An Account receives collateral (in the form of cash, Treasury securities, or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan; any additional collateral required due to changes in security values is delivered to the Account the next business day. Cash collateral received by the Account will generally be invested in high-quality short-term instruments or in one or more funds maintained by the securities lending agent (“Agent”) for the purpose of investing cash collateral. In lending its securities, an Account bears the market risk with respect to the investment of collateral and the risk the Agent may default on its contractual obligations to the Account. The Agent bears the risk that the borrower may default on its obligation to return the loaned securities as the Agent is contractually obligated to indemnify the Account if at the time of a default by a borrower some or all of the loan securities have not been returned.

Repurchase agreements: Each Account may enter into repurchase agreements with banks or broker-dealers. Repurchase agreements involve the purchase of securities from an institution, subject to the seller’s agreement to repurchase and the Account’s agreement to resell such securities at a mutually agreed-upon price. Pursuant to the terms of the repurchase agreement, securities purchased subject to repurchase agreements must have an aggregate market value greater than or equal to the agreed-upon repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the Account will require the seller to deposit additional collateral by the next business day. If a request for additional collateral is not met, or if the seller defaults on its repurchase obligation, the Account maintains the right to sell the underlying securities at market value and pursue a claim for any remaining loss against the seller.

Securities purchased on a when-issued or delayed-delivery basis: The Accounts may purchase securities on a when-issued or delayed-delivery basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after trade date; interest income is not accrued until settlement date. At the time an Account enters into such transactions, it is required to have segregated assets with a current value at least equal to the amount of its when-issued or delayed-delivery purchase commitments.

Treasury Inflation-Protected Securities: The Accounts (other than the Money Market Account) may invest in Treasury Inflation-Protected Securities, specially structured bonds in which the principal amount is adjusted periodically to keep pace with inflation, as measured by the U.S. Consumer Price Index.

Mortgage dollar rolls transactions: Some of the Accounts may enter into mortgage dollar rolls in which an Account sells mortgage securities for delivery in the current month, realizing a gain (loss), and simultaneously contracts to repurchase similar securities on a specified future date. During the roll period, an Account forgoes principal and interest paid on the securities. The Account is compensated by the interest earned on the cash proceeds of the initial sale and by the lower repurchase price at the future date. The difference between the sales proceeds and the lower repurchase price is recorded as a realized gain. The Account maintains a segregated account, the dollar value of which is at least equal to its obligations with respect to dollar rolls.

Restricted securities: Restricted securities held by the Accounts, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.

403

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Equity-linked notes: Equity-linked notes are debt securities issued by banks or broker-dealers and are designed to offer a return linked to an underlying security or market index. Equity-linked notes are structured with a defined maturity date. When the note matures, the issuer will pay to, or receive from the Account the difference between the nominal value of the underlying instrument at the time of purchase and that instrument’s value at maturity. The Account will record a realized gain or loss on the transaction. The note is valued daily and any change in the value of the note is reflected in net unrealized gains and losses. Investments in equity-linked notes involve the same risks associated with a direct investment in the underlying security or index that the notes seek to replicate. In addition, there is also counterparty risk associated with these investments because the Account is relying on the creditworthiness of such counterparty and has no rights under an equity-linked note against the issuer of the underlying security. As of March 31, 2014, the CREF Stock Account is a party to one equity-linked note.

Net unrealized appreciation (depreciation): At March 31, 2014, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows (dollar amounts are in thousands):

Account	Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Stock	$	23,598,757	$	(2,119,346	)	$	21,479,411
Global Equities		3,559,858		(255,245	)		3,304,613
Growth		4,548,100		(115,823	)		4,432,277
Equity Index		7,351,273		(544,019	)		6,807,254
Bond Market		249,907		(125,264	)		124,643
Inflation-Linked Bond		519,239		(142,864	)		376,375
Social Choice		3,035,546		(181,575	)		2,853,971

404

Item 2. Controls and Procedures.

(a) An evaluation was performed within 90 days of the filing date of the report under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this quarterly reporting period.

(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COLLEGE RETIREMENT EQUITIES FUND

Date: May 16, 2014	By:	/s/ Robert G. Leary
		Robert G. Leary
		Executive Vice President

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

Date: May 16, 2014	By:	/s/ Robert G. Leary
		Robert G. Leary
		Executive Vice President
		(principal executive officer)
Date:  May 16, 2014	By:	/s/ Virginia M. Wilson
		Virginia M. Wilson
		Executive Vice President,
		Chief Financial Officer and
		Principal Accounting Officer
		(principal financial officer)

EXHIBIT LIST

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer

EX-99.CERT

Exhibit 3(a)

CERTIFICATION

I, Robert G. Leary, certify that:

1. I have reviewed this report on Form N-Q of the College Retirement Equities Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: May 16, 2014	By:	/s/ Robert G. Leary
		Robert G. Leary
		Executive Vice President
		(principal executive officer)

Exhibit 3(b)

CERTIFICATION

I, Virginia M. Wilson, certify that:

1. I have reviewed this report on Form N-Q of the College Retirement Equities Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:  May 16, 2014	By:	/s/ Virginia M. Wilson
		Virginia M. Wilson
		Executive Vice President,
		Chief Financial Officer and
		Principal Accounting Officer
		(principal financial officer)