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: September 30, 2014

Item 1. Schedule of Investments.

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 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	^
DIVERSIFIED FINANCIALS - 0.0%
	466,000	m	Asia Pacific Investment Partners		8.000		04/29/16		466
			TOTAL DIVERSIFIED FINANCIALS						466
FOOD, BEVERAGE & TOBACCO - 0.0%
	800	m	Marfrig Global Foods S.A.		1.000		07/15/15		33
			TOTAL FOOD, BEVERAGE & TOBACCO						33
REAL ESTATE - 0.0%
	21,944		Kiwi Income Property Trust		8.950		12/20/14		18
			TOTAL REAL ESTATE						18
			TOTAL CORPORATE BONDS						517
			(Cost $536)
GOVERNMENT BONDS - 0.0%
U.S. TREASURY SECURITIES - 0.0%
	300,000		United States Treasury Note		1.750		05/15/22		288
			TOTAL U.S. TREASURY SECURITIES						288
			TOTAL GOVERNMENT BONDS						288
			(Cost $303)
			TOTAL BONDS						805
			(Cost $839)
EQUITY LINKED NOTES - 0.0%
BANKS - 0.0%
	319	*,j	HSBC Bank plc		0.000		08/07/17		3,388
			TOTAL BANKS						3,388
			TOTAL EQUITY LINKED NOTES						3,388
			(Cost $3,515)

1

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 2.1%
	58,085		Actron Technology Corp	$	230
	141,100		Aisan Industry Co Ltd		1,111
	704,155		Aisin Seiki Co Ltd		25,416
	365,500	e	Akebono Brake Industry Co Ltd		1,544
	525,721	*	American Axle & Manufacturing Holdings, Inc		8,816
	90,970		Amtek Auto Ltd		296
	97,877		Amtek India Ltd		146
	362,553		Apollo Tyres Ltd		1,191
	61,176	e	ARB Corp Ltd		671
	16,127		AtlasBX Co Ltd		631
	125,897	e	Autoliv, Inc		11,572
	2,783		Autoneum Holding AG.		435
	135,428		Bajaj Holdings and Investment Ltd		5,147
	367,522		Bayerische Motoren Werke AG.		39,279
	3,587		Bayerische Motoren Werke AG. (Preference)		291
	529,450		Bharat Forge Ltd		7,035
	452,490		BorgWarner, Inc		23,806
	119,677		Brembo S.p.A.		3,910
	1,137,438		Bridgestone Corp		37,621
	3,775,900	e	Brilliance China Automotive Holdings Ltd		6,594
	1,099,200	e	Byd Co Ltd		7,277
	826,000		Calsonic Kansei Corp		4,494
	1,540,000	e	Chaowei Power Holdings Ltd		782
	1,844,734		Cheng Shin Rubber Industry Co Ltd		4,069
	239,858		China Motor Corp		214
	1,038,071		Chongqing Changan Automobile Co Ltd		2,230
	167,604		Cie Automotive S.A.		2,333
	172,268		Compagnie Plastic-Omnium S.A.		4,113
	252,810		Continental AG.		47,889
	226,037		Cooper Tire & Rubber Co		6,487
	55,435	*,e	Cooper-Standard Holding, Inc		3,459
	26,388		Cub Elecparts, Inc		301
	34,246		Dae Won Kang Up Co Ltd		224
	26,000		Daido Metal Co Ltd		338
	172,304	e	Daihatsu Motor Co Ltd		2,734
	1,654,297		Daimler AG. (Registered)		126,334
	647,969		Dana Holding Corp		12,422
	3,431,838		Delphi Automotive plc		210,509
	516,529		Denso Corp		23,831
	286,000		Depo Auto Parts Ind Co Ltd		1,119
	15,760		Dong Ah Tire & Rubber Co Ltd		306
	3,476,700		Dongfeng Motor Group Co Ltd		5,701
	25,021		Dongyang Mechatronics Corp		210
	80,556	e	Dorman Products, Inc		3,227
	439,300		Double Coin Holdings Ltd		336
	974,400		Drb-Hicom BHD		677
	153,078		Drew Industries, Inc		6,458
	21,600		Eagle Industry Co Ltd		439
	87,248		ElringKlinger AG.		2,571

2

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	39,082		Exedy Corp	$	990
	522,832		Faurecia		16,695
	41,400	e	FCC Co Ltd		673
	436,260		Federal Corp		252
	125,739	*	Federal Mogul Corp (Class A)		1,870
	1,540,320	*,e	Fiat S.p.A.		14,845
	4,356,966		Ford Motor Co		64,440
	62,197		Ford Otomotiv Sanayi AS		714
	34,123	*	Fox Factory Holding Corp		529
	51,912	*	Fuel Systems Solutions, Inc		463
	819,353		Fuji Heavy Industries Ltd		27,142
	147,697	*	Futaba Industrial Co Ltd		858
	6,363,675	e	Geely Automobile Holdings Ltd		2,661
	5,023,745		General Motors Co		160,458
	722,689	*,e,m	General Motors Co		0	^
	6,062,000	*,m	General Motors Co		0	^
	24,057,000	*,m	General Motors Co		0	^
	26,439,191	*,m	General Motors Co		0	^
	40,684,487	*,m	General Motors Co		0	^
	18,507,434	*,m	General Motors Co		0	^
	4,230,271	*,e,m	General Motors Co		0	^
	35,983,677	*,m	General Motors Co		0	^
	85,268,000	*,e,m	General Motors Co		0	^
	7,950,000	*,m	General Motors Co		0	^
	806,674		Gentex Corp		21,595
	119,632	*	Gentherm, Inc		5,052
	4,518,458		GKN plc		23,268
	6,416		Global & Yuasa Battery Co Ltd		273
	37,783		Goodyear Lastikleri Turk AS.		1,541
	1,392,325		Goodyear Tire & Rubber Co		31,446
	38,948		Grammer AG.		1,499
	1,294,700	e	Great Wall Motor Co Ltd		5,018
	14,700		G-Tekt Corp		140
	2,675,971		Guangzhou Automobile Group Co Ltd		2,585
	89,759		Halla Climate Control Corp		4,348
	41,301	*	Hanil E-Hwa Co Ltd		912
	18,928		Hanil E-Wha Co Ltd		345
	80,579		Hankook Tire Co Ltd		3,926
	228,790		Harley-Davidson, Inc		13,316
	79,798		Hero Honda Motors Ltd		3,661
	1,477,569		Honda Motor Co Ltd		50,695
	2,171,996		Hota Industrial Manufacturing Co Ltd		3,969
	79,199		Hu Lane Associate, Inc		296
	76,949		Hwa Shin Co Ltd		772
	97,641		Hyundai Mobis		23,771
	319,994		Hyundai Motor Co		57,654
	45,197		Hyundai Motor Co Ltd (2nd Preference)		5,138
	27,462		Hyundai Motor Co Ltd (Preference)		3,068
	17,334		Hyundai Wia Corp		3,527
	250,133	*	IMMSI S.p.A.		173
	475,296		Isuzu Motors Ltd		6,722
	1,547,563		Johnson Controls, Inc		68,093

3

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	215,896		Kayaba Industry Co Ltd	$	972
	367,603		Keihin Corp		4,861
	865,775		Kenda Rubber Industrial Co Ltd		1,720
	892,285		Kia Motors Corp		45,318
	50,000		Kinugawa Rubber Industrial Co Ltd		213
	49,389		Koito Manufacturing Co Ltd		1,344
	1,449,552	*	Kongsberg Automotive ASA		1,509
	104,187	*	Kumho Tire Co, Inc		1,060
	790,281		Lear Corp		68,288
	32,434		Leoni AG.		1,760
	142,930		Linamar Corp		7,377
	33,000		Macauto Industrial Co Ltd		132
	461,809	e	Magna International, Inc (Class A)		43,833
	381,729		Magna International, Inc (Class A) (NY)		36,230
	450,907		Mahindra & Mahindra Ltd		9,902
	122,700		Mahle-Metal Leve S.A. Industria e Comercio		1,078
	41,253	m	Mando Corp		5,356
	231,582	e	Martinrea International, Inc		2,694
	3,013,400	*	Mazda Motor Corp		75,801
	158,792		Metair Investments Ltd		463
	7,670		MGI Coutier		108
	76,550		Michelin (C.G.D.E.) (Class B)		7,210
	1,130,000		Minth Group Ltd		2,182
	31,700		Mitsuba Corp		554
	742,296		Mitsubishi Motors Corp		9,004
	500,941	*,e	Mobileye NV		26,845
	163,278	*	Modine Manufacturing Co		1,938
	6,724	e	Montupet		436
	512,643		Motherson Sumi Systems Ltd		3,275
	14,136		Motonic Corp		187
	49,866	*	Motorcar Parts of America, Inc		1,357
	2,625		MRF Ltd		1,387
	22,600		Musashi Seimitsu Industry Co Ltd		447
	255,948		Nan Kang Rubber Tire Co Ltd		282
	1,317		Nexen Corp		118
	111,286		Nexen Tire Corp		1,452
	2,273,000		Nexteer Automotive Group Ltd		2,016
	140,424		NGK Spark Plug Co Ltd		4,132
	219,954		NHK Spring Co Ltd		2,158
	178,051		Nifco, Inc		5,491
	39,000		Nippon Seiki Co Ltd		885
	5,482,104		Nissan Motor Co Ltd		53,068
	92,541		Nissan Shatai Co Ltd		1,509
	215,700		Nissin Kogyo Co Ltd		3,552
	141,835		NOK Corp		3,256
	20,528	e	Nokian Renkaat Oyj		616
	8,623		Otokar Otobus Karoseri Sanayi AS		209
	118,900		Pacific Industrial Co Ltd		900
	245,829	*	Peugeot S.A.		3,146
	179,373	e	Piaggio & C S.p.A.		482
	21,400		Piolax Inc		1,002
	209,899		Pirelli & C S.p.A.		2,894

4

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	50,773		Porsche AG.	$	4,050
	111,000		Press Kogyo Co Ltd		458
	37,751,800		PT Astra International Tbk		21,814
	1,671,500		PT Gajah Tunggal Tbk		212
	314,000		PT Selamat Sempurna Tbk		117
	39,325		Pyeong Hwa Automotive Co Ltd		783
	9,010,000		Qingling Motors Co Ltd		2,657
	53,008		Remy International, Inc		1,088
	1,267,668		Renault S.A.		91,703
	87,000		Riken Corp		368
	25,453		S&T Daewoo Co Ltd		877
	127,536		SAF-Holland S.A.		1,566
	140,000		Sanden Corp		829
	555,920		Sanyang Industry Co Ltd		510
	35,687		Sejong Industrial Co Ltd		608
	25,486		Shiloh Industries, Inc		434
	103,800		Showa Corp		1,137
	59,881		SL Corp		1,236
	164,856	e	Sogefi S.p.A.		598
	1,172,725		Somboon Advance Technology PCL		687
	129,668		Spartan Motors, Inc		606
	2,430,500		Sri Trang Agro-Industry PCL (Foreign)		1,041
	44,357	*	Ssangyong Motor Co		277
	85,046		Standard Motor Products, Inc		2,928
	208,653		Stanley Electric Co Ltd		4,517
	146,417	*	Stoneridge, Inc		1,650
	10,475		Strattec Security Corp		852
	905,921		Sumitomo Rubber Industries, Inc		12,887
	35,367		Sungwoo Hitech Co Ltd		573
	86,764		Superior Industries International, Inc		1,521
	134,519		Suzuki Motor Corp		4,461
	2,143,653		T RAD Co Ltd		5,375
	22,800		Tachi-S Co Ltd		330
	17,700		Taiho Kogyo Co Ltd		202
	777,900	*	Takata Corp		17,659
	1,994,522		Tata Motors Ltd		16,200
	19,600		Teikoku Piston Ring Co Ltd		473
	347,267	*	Tenneco, Inc		18,166
	648,480	*,e	Tesla Motors, Inc		157,373
	151,400		Thai Stanley Electric PCL (ADR)		1,041
	29,119		Thor Industries, Inc		1,500
	1,898,000		Tianneng Power International Ltd		642
	100,528		Tofas Turk Otomobil Fabrik		565
	200,963		Tokai Rika Co Ltd		4,252
	146,900		Tokai Rubber Industries, Inc		1,299
	411,699		Tong Yang Industry Co Ltd		438
	37,900		Topre Corp		539
	144,520	*	Tower International, Inc		3,640
	170,800		Toyo Tire & Rubber Co Ltd		2,922
	97,077		Toyoda Gosei Co Ltd		1,895
	65,400	e	Toyota Boshoku Corp		686
	176,321		Toyota Industries Corp		8,530

5

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	6,307,937		Toyota Motor Corp	$	371,154
	145,895	*	TRW Automotive Holdings Corp		14,772
	69,500		TS Tech Co Ltd		1,690
	135,265		Tube Investments Of India		711
	66,089		Tung Thih Electronic Co Ltd		206
	302,490		TVS Motor Co Ltd		1,112
	565,066		UMW Holdings BHD		2,112
	38,700		Unipres Corp		759
	306,668		Valeo S.A.		34,075
	61,808	*	Visteon Corp		6,011
	181,786		Volkswagen AG.		37,561
	12,957		Volkswagen AG. (Preference)		2,676
	117,889	*	Winnebago Industries, Inc		2,566
	2,095,400	*,e	Xinchen China Power Holdings Ltd		1,112
	2,348,000		Xingda International Holdings Ltd		807
	1,896,785	e	Xinyi Glass Holdings Co Ltd		1,183
	142,910		Yamaha Motor Co Ltd		2,800
	151,000		Yokohama Rubber Co Ltd		1,308
	256,200	e	Yorozu Corp		4,389
	696,646		Yulon Motor Co Ltd		1,041
			TOTAL AUTOMOBILES & COMPONENTS		2,639,045
BANKS - 7.6%
	55,326		1st Source Corp		1,576
	109,748		1st United Bancorp, Inc		935
	1,239,030		77 Bank Ltd		6,530
	181,321		Aareal Bank AG.		7,840
	1,697,796		Abu Dhabi Commercial Bank PJSC		3,915
	64,098,000		Agricultural Bank of China		28,370
	7,400		Aichi Bank Ltd		370
	523,826	*	Ajman Bank PJSC		374
	2,210,166		Akbank TAS		7,201
	106,907		Al Khalij Commercial Bank		646
	627,724		Albaraka Turk Katilim Bankasi AS		452
	66,098	*	Alior Bank S.A.		1,692
	414,454		Allahabad Bank		663
	1,099,400		Alliance Financial Group BHD		1,672
	4,372,996	*	Alpha Bank S.A.		3,390
	315,270	*,m	Amagerbanken AS		0	^
	29,927	e	American National Bankshares, Inc		681
	91,135		Ameris Bancorp		2,000
	31,897	e	Ames National Corp		713
	1,823,505		AMMB Holdings BHD		3,818
	390,026		Andhra Bank		410
	12,640,576		Aozora Bank Ltd		42,743
	118,045		Apollo Residential Mortgage		1,821
	43,935	e	Arrow Financial Corp		1,101
	366,900	*	Ashikaga Holdings Co Ltd		1,363
	147,587		Associated Banc-Corp		2,571
	324,064		Astoria Financial Corp		4,015
	514,415	*	Asya Katilim Bankasi AS		194
	2,039,469		Australia & New Zealand Banking Group Ltd		55,131

6

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	239,721		Awa Bank Ltd	$	1,381
	101,596	e	Banc of California, Inc		1,182
	5,484,811	*,e	Banca Carige S.p.A.		730
	22,806,253		Banca Intesa S.p.A.		68,846
	1,238,470		Banca Intesa S.p.A. RSP		3,301
	775,236	*	Banca Monte dei Paschi di Siena S.p.A		1,015
	519,748	*	Banca Popolare dell’Emilia Romagna Scrl		4,110
	4,053,969	*	Banca Popolare di Milano		3,248
	1,089,888		Banca Popolare di Sondrio SCARL		4,675
	29,092		Bancfirst Corp		1,820
	928,337		Banche Popolari Unite Scpa		7,759
	181,694		Banco ABC Brasil S.A.		1,006
	2,970	*,m	Banco ABC Brasil S.A. (ADR)		16
	2,775,278	e	Banco Bilbao Vizcaya Argentaria S.A.		33,402
	347,836	*,e	Banco BPI S.A.		734
	744,431	*	Banco Bradesco S.A.		10,645
	3,194,026	*	Banco Bradesco S.A. (Preference)		45,462
	28,073,957	*,e	Banco Comercial Portugues S.A.		3,666
	101,301		Banco Davivienda S.A.		1,459
	58,500		Banco Daycoval S.A.		222
	53,105,665		Banco de Chile		6,547
	57,148		Banco de Credito e Inversiones		3,225
	2,851,890		Banco de Oro Universal Bank		6,223
	1,602,610		Banco de Sabadell S.A.		4,732
	1,890,122		Banco do Brasil S.A.		19,536
	187,447		Banco do Estado do Rio Grande do Sul		1,126
	16,063,377	*,m	Banco Espirito Santo S.A.		203
	58,300		Banco Industrial e Comercial S.A.		174
	5,789,792		Banco Itau Holding Financeira S.A.		80,114
	108,102	e	Banco Latinoamericano de Exportaciones S.A. (Class E)		3,317
	240,357	*	Banco Pan S.A.		309
	57,907		Banco Pine S.A.		184
	755,134	*	Banco Popolare SC		10,997
	452,841		Banco Popular Espanol S.A.		2,762
	2,289,644		Banco Santander Brasil S.A.		14,807
	8,848,596		Banco Santander Central Hispano S.A.		84,713
	77,375,237		Banco Santander Chile S.A.		4,316
	119,708		BanColombia S.A.		1,636
	645,084		BanColombia S.A. (Preference)		9,130
	350,652		Bancorpsouth, Inc		7,062
	130,200		Bangkok Bank PCL		818
	655,700		Bangkok Bank PCL (ADR)		4,120
	609,555		Bangkok Bank PCL (Foreign)		3,942
	37,524,953	*	BANIF-Banco Internacional do Funchal S.A.		379
	61,987		Bank Handlowy w Warszawie S.A.		2,334
	1,244,129		Bank Hapoalim Ltd		7,015
	979,392	*	Bank Leumi Le-Israel		3,967
	824,357		Bank Millennium S.A.		2,182
	175,434		Bank Mutual Corp		1,125
	44,846,599		Bank of America Corp		764,635
	1,816		Bank of Baroda		26
	135,997,000		Bank of China Ltd		60,925

7

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	535,000		Bank of Chongqing Co Ltd	$	357
	29,384,472		Bank of Communications Co Ltd		20,470
	4,349,184	*,m	Bank of Cyprus Public Co Ltd		55
	1,149,563		Bank of East Asia Ltd		4,649
	95,517		Bank of Georgia Holdings plc		3,794
	37,335		Bank of Hawaii Corp		2,121
	4,659		Bank of India		17
	25,276,030	*	Bank of Ireland		9,883
	30,400		Bank of Iwate Ltd		1,342
	685,599		Bank of Kaohsiung		204
	22,988		Bank of Kentucky Financial Corp		1,063
	446,505		Bank of Kyoto Ltd		3,710
	23,701	e	Bank of Marin Bancorp		1,088
	1,122,796		Bank of Montreal		82,639
	189,000		Bank of Nagoya Ltd		722
	1,869,777	e	Bank of Nova Scotia		115,648
	24,000		Bank of Okinawa Ltd		1,055
	371,974		Bank of Queensland Ltd		3,786
	263,541		Bank of Saga Ltd		605
	236,764		Bank of the Ozarks, Inc		7,463
	1,004,517		Bank of the Philippine Islands		2,194
	229,400		Bank of the Ryukyus Ltd		3,624
	3,362,445		Bank of Yokohama Ltd		18,489
	28,474	*,m	Bank Otkritie Financial Corp OJSC (ADR)		357
	149,461		Bank Pekao S.A.		8,739
	24,021,600		Bank Rakyat Indonesia		20,535
	31,996		Bank Zachodni WBK S.A.		3,808
	73,059		BankFinancial Corp		758
	678,269	*	Bankia S.A.		1,262
	1,680,569		Bankinter S.A.		14,207
	265,842		BankUnited		8,106
	73,087		Banner Corp		2,812
	5,803		Banque Cantonale Vaudoise		3,112
	543,700	e	Banregio Grupo Financiero SAB de C.V.		3,026
	876,335		Barclays Africa Group Ltd		11,948
	53,189,094		Barclays plc		195,639
	368,177		BB&T Corp		13,700
	295,135		BBCN Bancorp, Inc		4,306
	25,993	*,e	BBX Capital Corp		453
	235,231		Bendigo Bank Ltd		2,453
	129,842	*	Beneficial Mutual Bancorp, Inc		1,659
	108,382		Berkshire Hills Bancorp, Inc		2,546
	48,159	*	Blue Hills Bancorp, Inc		632
	72,935	e	BNC Bancorp		1,142
	2,046,787		BNP Paribas		135,842
	12,645,537	e	BOC Hong Kong Holdings Ltd		40,256
	42,961	*,e	BofI Holding, Inc		3,124
	25,520		BOK Financial Corp		1,697
	302,359		Boston Private Financial Holdings, Inc		3,746
	26,951		BRE Bank S.A.		3,997
	39,560		Bridge Bancorp, Inc		936
	36,254	*,e	Bridge Capital Holdings		824

8

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	261,529		Brookline Bancorp, Inc	$	2,236
	50,026		Bryn Mawr Bank Corp		1,417
	547,468		BS Financial Group, Inc		8,764
	5,901,925		Bumiputra-Commerce Holdings BHD		12,646
	51,300	*,m	CaixaBank S.A.		312
	27,383	e	Camden National Corp		958
	746,923	e	Canadian Imperial Bank of Commerce/Canada		67,086
	193,476	e	Canadian Western Bank		6,807
	3,601		Canara Bank		20
	88,514	*	Capital Bank Financial Corp		2,114
	43,059		Capital City Bank Group, Inc		583
	563,188		Capitol Federal Financial		6,657
	132,057		Cardinal Financial Corp		2,254
	111,632	*	Cascade Bancorp		564
	290,689		Cathay General Bancorp		7,218
	128,129		Centerstate Banks of Florida, Inc		1,326
	71,217		Central Pacific Financial Corp		1,277
	12,288		Century Bancorp, Inc		425
	5,458,074		Chang Hwa Commercial Bank		3,345
	51,830		Charter Financial Corp		555
	108,057		Chemical Financial Corp		2,906
	983,189		Chiba Bank Ltd		6,839
	34,100	*	Chiba Kogyo Bank Ltd		245
	27,440,000		China Citic Bank		16,624
	113,547,791		China Construction Bank		79,409
	16,265,770		China Development Financial Holding Corp		4,989
	4,422,000		China Everbright Bank Co Ltd		2,064
	14,312,122	e	China Merchants Bank Co Ltd		24,434
	8,521,420	e	China Minsheng Banking Corp Ltd		7,796
	16,797,338		Chinatrust Financial Holding Co		11,282
	20,807,014	e	Chongqing Rural Commercial Bank		9,422
	39,728		Chugoku Bank Ltd		583
	331,192		CIT Group, Inc		15,222
	10,688,273		Citigroup, Inc		553,866
	45,238		Citizens & Northern Corp		860
	58,437	e	City Holding Co		2,462
	18,509		City National Corp		1,401
	111,130		Clifton Bancorp, Inc		1,399
	53,188	e	CNB Financial Corp		835
	133,758		CoBiz, Inc		1,495
	196,910		Columbia Banking System, Inc		4,885
	31,685		Comdirect Bank AG.		327
	206,250		Comerica, Inc		10,284
	87,532		Commerce Bancshares, Inc		3,908
	35,878		Commercial Bank of Qatar QSC		692
	2,466,269		Commercial International Bank		17,547
	1,668,769	*	Commerzbank AG.		24,780
	1,540,419		Commonwealth Bank of Australia		101,425
	150,883		Community Bank System, Inc		5,068
	56,614	e	Community Trust Bancorp, Inc		1,904
	41,528	*,e	CommunityOne Bancorp		366
	75,016	e	ConnectOne Bancorp, Inc		1,429

9

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	139,081,177		CorpBanca S.A.	$	1,776
	81,586		Credicorp Ltd (NY)		12,514
	5,655,722		Credit Agricole S.A.		85,252
	81,065		Credito Emiliano S.p.A.		668
	6,397,968		Criteria CaixaBank S.A.		38,903
	36,481	*,e	CU Bancorp		686
	62,480		Cullen/Frost Bankers, Inc		4,780
	109,319	*	Customers Bancorp, Inc		1,963
	390,617		CVB Financial Corp		5,605
	5,646,074	*,m	Cyprus Popular Bank Public Co Ltd		71
	1,085,435		Dah Sing Banking Group Ltd		1,936
	408,464		Dah Sing Financial Holdings Ltd		2,480
	341,000		Daishi Bank Ltd		1,190
	421,006		Danske Bank AS		11,413
	2,272,534		DBS Group Holdings Ltd		32,776
	3,330,650	*	Development Credit Bank Ltd		4,519
	122,989		Dewan Housing Finance Corp Ltd		663
	144,652		DGB Financial Group Co Ltd		2,299
	1,940,892	*	Dhanalakshmi Bank Ltd		1,364
	140,729		Dime Community Bancshares		2,026
	588,570		DNB NOR Holding ASA		11,015
	31,720		Doha Bank QSC		505
	847	*,e	Doral Financial Corp		6
	585,293		Dubai Islamic Bank PJSC		1,318
	7,463,843		E.Sun Financial Holding Co Ltd		4,526
	71,934	*,e	Eagle Bancorp, Inc		2,289
	816,615		East West Bancorp, Inc		27,765
	456,000	*	EastWest Banking Corp		274
	358,000		Eighteenth Bank Ltd		992
	28,403	e	Enterprise Bancorp, Inc		535
	70,723	e	Enterprise Financial Services Corp		1,182
	151,496		Erste Bank der Oesterreichischen Sparkassen AG.		3,459
	46,342	e	ESB Financial Corp		541
	375,608	*,e	Essent Group Ltd		8,042
	20,952,753	*	Eurobank Ergasias SA		8,260
	394,103	e	EverBank Financial Corp		6,960
	2,333,853		Far Eastern International Bank		787
	2,400	*	FCB Financial Holdings, Inc		54
	37,779		Federal Agricultural Mortgage Corp (Class C)		1,214
	1,800,000		Federal Bank Ltd		3,653
	59,713		Fidelity Southern Corp		818
	2,669,757		Fifth Third Bancorp		53,449
	57,290	e	Financial Institutions, Inc		1,288
	77,886		First Bancorp (NC)		1,248
	388,397	*	First Bancorp (Puerto Rico)		1,845
	36,597	e	First Bancorp, Inc		610
	282,840		First Busey Corp		1,575
	13,289	e	First Business Financial Services, Inc		583
	28,591	e	First Citizens Bancshares, Inc (Class A)		6,194
	362,514		First Commonwealth Financial Corp		3,041
	65,307		First Community Bancshares, Inc		933
	59,044		First Connecticut Bancorp		856
	35,408		First Defiance Financial Corp		956

10

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	216,693		First Financial Bancorp	$	3,430
	237,901	e	First Financial Bankshares, Inc		6,611
	42,096		First Financial Corp		1,303
	8,949,646		First Financial Holding Co Ltd		5,387
	62,264		First Financial Northwest, Inc		636
	1,362,495		First Gulf Bank PJSC		6,950
	87,303		First Horizon National Corp		1,072
	48,241		First International Bank Of Israel Ltd		738
	66,291		First Interstate Bancsystem, Inc		1,761
	129,397		First Merchants Corp		2,615
	281,258		First Midwest Bancorp, Inc		4,525
	11,500	e	First National Financial Corp		218
	68,097	*	First NBC Bank Holding Co		2,230
	142,015		First Niagara Financial Group, Inc		1,183
	29,595		First of Long Island Corp		1,020
	115,090		First Republic Bank		5,683
	613,213		FirstMerit Corp		10,793
	74,609	*	Flagstar Bancorp, Inc		1,256
	112,396		Flushing Financial Corp		2,053
	595,420		FNB Corp		7,139
	44,522		Fox Chase Bancorp, Inc		726
	36,263		Franklin Financial Corp		675
	618,540		Fukuoka Financial Group, Inc		2,951
	63,317		Fulton Financial Corp		702
	114,440	e	Genworth MI Canada, Inc		3,617
	49,352		German American Bancorp, Inc		1,274
	1,108,403	*	Get Bank S.A.		939
	678,163		Getin Holding S.A.		600
	275,088		Glacier Bancorp, Inc		7,114
	41,609		Great Southern Bancorp, Inc		1,262
	142,790		Gruh Finance Ltd		443
	920,864		Grupo Aval Acciones y Valores		632
	352,948	*,e	Grupo Aval Acciones y Valores (ADR)		4,782
	4,524,389		Grupo Financiero Banorte S.A. de C.V.		28,897
	2,882,707		Grupo Financiero Inbursa S.A.		8,266
	1,994,757	e	Grupo Financiero Santander Mexico SAB de C.V.		5,396
	56,351	e	Guaranty Bancorp		761
	1,057,218		Gunma Bank Ltd		6,094
	445,116		Hachijuni Bank Ltd		2,675
	139,969	*,e	Hampton Roads Bankshares, Inc		214
	347,278		Hana Financial Group, Inc		12,640
	299,782		Hancock Holding Co		9,608
	935,488		Hang Seng Bank Ltd		15,012
	117,002		Hanmi Financial Corp		2,359
	802,425		HDFC Bank Ltd		11,278
	57,644	e	Heartland Financial USA, Inc		1,377
	79,645	e	Heritage Commerce Corp		654
	109,084		Heritage Financial Corp		1,728
	74,337	e	Heritage Oaks Bancorp		520
	155,000		Higashi-Nippon Bank Ltd		393
	215,331		Higo Bank Ltd		1,184
	241,809		Hiroshima Bank Ltd		1,188

11

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	495,000		Hokkoku Bank Ltd	$	1,684
	416,000		Hokuetsu Bank Ltd		797
	497,000		Hokuhoku Financial Group, Inc		974
	173,611		Home Bancshares, Inc		5,106
	169,448	e	Home Capital Group, Inc		7,624
	260,202	e	Home Loan Servicing Solutions Ltd		5,514
	46,577		HomeStreet, Inc		796
	78,977	*	HomeTrust Bancshares, Inc		1,154
	535,197		Hong Leong Bank BHD		2,387
	167,012		Hong Leong Credit BHD		895
	32,983	e	Horizon Bancorp		760
	3,016,130		Housing Development Finance Corp		51,406
	16,735,377	e	HSBC Holdings plc		170,053
	153,600		HSBC Holdings plc (Hong Kong)		1,563
	7,229,423		Hua Nan Financial Holdings Co Ltd		4,217
	174,132		Hudson City Bancorp, Inc		1,693
	59,822		Hudson Valley Holding Corp		1,086
	9,194,775	e	Huntington Bancshares, Inc		89,465
	290,692		Hyakugo Bank Ltd		1,167
	318,000		Hyakujushi Bank Ltd		1,018
	112,354		IBERIABANK Corp		7,023
	448,009		ICICI Bank Ltd		10,388
	92,818		ICICI Bank Ltd (ADR)		4,557
	98,983		Independent Bank Corp (MA)		3,536
	79,884		Independent Bank Corp (MI)		952
	37,632	e	Independent Bank Group, Inc		1,786
	111,711		Indian Bank		277
	236,800		IndusInd Bank Ltd		2,375
	155,843,366		Industrial & Commercial Bank of China		97,403
	263,347		Industrial Bank of Korea		3,971
	214,103		ING Vysya Bank Ltd		2,060
	199,457		International Bancshares Corp		4,920
	6,950,894		Investors Bancorp, Inc		70,413
	541,290	*,m	Irish Bank Resolution Corp Ltd		0	^
	918,210	*	Israel Discount Bank Ltd		1,580
	52,940		Iyo Bank Ltd		536
	418,600		Jammu & Kashmir Bank Ltd		957
	87,484		JB Financial Group Co Ltd		585
	337,200		Jimoto Holdings Inc		692
	476,485		Joyo Bank Ltd		2,345
	11,738,978		JPMorgan Chase & Co		707,156
	350,555		Juroku Bank Ltd		1,314
	116,407	*	Jyske Bank		6,277
	181,000		Kagoshima Bank Ltd		1,150
	42,653		Kansai Urban Banking Corp		488
	71,400		Kanto Tsukuba Bank Ltd		241
	325,301		Karnataka Bank Ltd		593
	64,913	*	Karur Vysya Bank Ltd		556
	719,100		Kasikornbank PCL		5,201
	474,300		Kasikornbank PCL - NVDR		3,430
	1,532,600		Kasikornbank PCL (Foreign)		11,032
	636,935		KB Financial Group, Inc		23,220

12

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	60,589	*	KBC Groep NV	$	3,216
	56,492	*	Kearny Financial Corp		753
	718,000		Keiyo Bank Ltd		3,659
	8,281,923		Keycorp		110,398
	1,164,332		Kiatnakin Bank PCL		1,515
	868,000		King’s Town Bank		960
	164,400		Kiyo Bank Ltd		2,344
	20,683	*	KJB Financial Group Co Ltd		209
	37,063	*	KNB Financial Group Co Ltd		414
	49,577		Komercni Banka AS		11,792
	48,191		Kotak Mahindra Bank Ltd		789
	14,140,370		Krung Thai Bank PCL (Foreign)		10,308
	57,495	*,e	Ladder Capital Corp		1,087
	135,957		Lakeland Bancorp, Inc		1,327
	68,079		Lakeland Financial Corp		2,553
	29,452	e	Laurentian Bank of Canada		1,274
	5,426,240		LH Financial Group PCL		303
	14,680,040	*	Liberbank S.A.		14,183
	804,906		LIC Housing Finance Ltd		4,224
	94,758,064	*	Lloyds TSB Group plc		117,885
	47,124	e	M&T Bank Corp		5,810
	89,054	e	Macatawa Bank Corp		427
	75,832		MainSource Financial Group, Inc		1,308
	8,500,778		Malayan Banking BHD		25,807
	1,143,602		Malaysia Building Society		852
	456,673		Masraf Al Rayan		6,990
	246,026		MB Financial, Inc		6,810
	24,187,968		Mega Financial Holding Co Ltd		19,823
	59,844		Mercantile Bank Corp		1,140
	21,153		Merchants Bancshares, Inc		596
	80,490	*	Meridian Bancorp, Inc		850
	21,452		Meta Financial Group, Inc		756
	2,108,020		Metropolitan Bank & Trust		4,074
	1,137,758	*,e	MGIC Investment Corp		8,886
	36,407	e	Midsouth Bancorp, Inc		681
	25,707	e	MidWestOne Financial Group, Inc		592
	226,000		Mie Bank Ltd		525
	436,000		Minato Bank Ltd		858
	16,552,964		Mitsubishi UFJ Financial Group, Inc		93,288
	5,410,494		Mitsui Trust Holdings, Inc		22,526
	297,000		Miyazaki Bank Ltd		912
	96,418		Mizrahi Tefahot Bank Ltd		1,153
	25,822,302		Mizuho Financial Group, Inc		46,098
	64,368		Musashino Bank Ltd		2,137
	297,928		Nanto Bank Ltd		1,204
	1,907,596		National Australia Bank Ltd		54,259
	158,660		National Bank Holdings Corp		3,034
	623,228		National Bank of Abu Dhabi PJSC		2,452
	654,323	e	National Bank of Canada		29,814
	16,914,799	*	National Bank of Greece S.A.		49,475
	25,198	e	National Bankshares, Inc		699

13

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	442,081		National Penn Bancshares, Inc	$	4,293
	41,280	*,e	Nationstar Mortgage Holdings, Inc		1,413
	2,564,174		Natixis		17,641
	179,479		NBT Bancorp, Inc		4,042
	306,277		Nedbank Group Ltd		5,927
	164,603	e	New York Community Bancorp, Inc		2,612
	113,928	*	NewBridge Bancorp		865
	943,300		Nishi-Nippon City Bank Ltd		2,519
	183,581	*,e	NMI Holdings, Inc		1,588
	2,052,703		Nordea Bank AB		26,610
	659,200		North Pacific Bank Ltd		2,596
	228,473		Northfield Bancorp, Inc		3,112
	24,221		Northrim BanCorp, Inc		640
	352,884		Northwest Bancshares, Inc		4,270
	50,003		OceanFirst Financial Corp		796
	212,413	*,e	Ocwen Financial Corp		5,561
	167,048	e	OFG Bancorp		2,502
	311,000		Ogaki Kyoritsu Bank Ltd		842
	199,000		Oita Bank Ltd		750
	33,161	e	Old Line Bancshares, Inc		513
	394,979		Old National Bancorp		5,123
	48,128		OmniAmerican Bancorp, Inc		1,251
	23,687	*	Opus Bank		726
	207,321		Oriental Bank of Commerce		767
	168,331		Oritani Financial Corp		2,372
	233,907		OTP Bank		3,960
	3,299,139		Oversea-Chinese Banking Corp		25,167
	65,483		Pacific Continental Corp		841
	67,579	*	Pacific Premier Bancorp, Inc		949
	199,170		PacWest Bancorp		8,212
	16,888	e	Palmetto Bancshares, Inc		239
	360,774		Paragon Group of Cos plc		1,997
	45,892	e	Park National Corp		3,461
	176,485		Park Sterling Bank		1,170
	41,087	e	Peapack Gladstone Financial Corp		719
	16,391	e	Penns Woods Bancorp, Inc		693
	52,378	*	Pennsylvania Commerce Bancorp, Inc		1,270
	43,830	*,e	PennyMac Financial Services, Inc		642
	40,036	e	Peoples Bancorp, Inc		951
	26,757	e	Peoples Financial Services Corp		1,231
	118,531	e	People’s United Financial, Inc		1,715
	2,045,466	*	Philippine National Bank		3,986
	3,062,612	*	Piccolo Credito Valtellinese Scarl		3,461
	133,183		Pinnacle Financial Partners, Inc		4,808
	37,024,724	*	Piraeus Bank S.A.		62,669
	1,474,275		PNC Financial Services Group, Inc		126,168
	90,418	*	Popular, Inc		2,661
	1,039,151		Powszechna Kasa Oszczednosci Bank Polski S.A.		12,412
	43,106	*,e	Preferred Bank		971
	268,346		PrivateBancorp, Inc		8,026
	305,856		Prosperity Bancshares, Inc		17,486
	225,067		Provident Financial Services, Inc		3,684

14

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	59,515,500		PT Bank Bukopin Tbk	$	3,487
	14,117,200		PT Bank Central Asia Tbk		15,151
	2,957,402		PT Bank Danamon Indonesia Tbk		947
	3,202,100		PT Bank Jabar Banten Tbk		209
	13,067,048		PT Bank Mandiri Persero Tbk		10,807
	16,698,113		PT Bank Negara Indonesia		7,545
	44,500,000	*	PT Bank Pan Indonesia Tbk		3,561
	11,969,500		PT Bank Pembangunan Daerah Jawa Timur Tbk		426
	20,851,494		PT Bank Tabungan Negara Tbk		1,998
	3,313,972		Public Bank BHD		19,091
	66,497		Qatar Islamic Bank SAQ		2,060
	164,067		Qatar National Bank		9,136
	669,617	e	Radian Group, Inc		9,549
	35,818		Raiffeisen International Bank Holding AG.		776
	7,424,658		Regions Financial Corp		74,544
	123,674		Renasant Corp		3,345
	39,801		Republic Bancorp, Inc (Class A)		943
	114,997	*,e	Republic First Bancorp, Inc		447
	5,009,340		Resona Holdings, Inc		28,260
	675,924		RHB Capital BHD		1,819
	505,690		Rizal Commercial Banking Corp		610
	5,200	*,m	Roskilde Bank		0	^
	76,701		Royal Bank of Canada		5,480
	2,597,144		Royal Bank of Canada (Toronto)		185,635
	1,218,059	*	Royal Bank of Scotland Group plc		7,257
	110,022		S&T Bancorp, Inc		2,581
	90,037		Sandy Spring Bancorp, Inc		2,061
	166,000		San-In Godo Bank Ltd		1,172
	4,860,308		Sberbank of Russian Federation (ADR)		38,221
	66,828	*	Seacoast Banking Corp of Florida		730
	450,680	*	Sekerbank TAS		376
	431,280		Senshu Ikeda Holdings, Inc		2,218
	20,986	e	ServisFirst Bancshares, Inc		604
	307,246		Seven Bank Ltd		1,252
	508,000		Shiga Bank Ltd		2,798
	951,236		Shinhan Financial Group Co Ltd		43,792
	4,752,823		Shinsei Bank Ltd		10,201
	679,559		Shizuoka Bank Ltd		6,997
	3,212,800		Siam Commercial Bank PCL (Foreign)		17,997
	44,683	e	Sierra Bancorp		749
	316,814	*	Signature Bank		35,502
	60,857		Simmons First National Corp (Class A)		2,344
	8,069,908		SinoPac Financial Holdings Co Ltd		3,460
	2,929,705		Skandinaviska Enskilda Banken AB (Class A)		38,979
	1,498,264		Societe Generale		76,423
	98,152		South State Corp		5,489
	69,432	e	Southside Bancshares, Inc		2,309
	70,171		Southwest Bancorp, Inc		1,151
	157,800		Spar Nord Bank A/s		1,591
	287,984		Sparebanken Midt-Norge		2,656
	188,871	e	Sparebanken Nord-Norge		1,132
	34,727	*,e	Square Financial, Inc		668

15

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,626		St Galler Kantonalbank	$	1,321
	1,373,837	e	Standard Bank Group Ltd		15,876
	1,428,712		Standard Chartered plc		26,352
	130,987		State Bank & Trust Co		2,127
	23,332		State Bank of Bikaner & Jaip		211
	78,248		State Bank of India Ltd		3,087
	59,518		State Bank of India Ltd (GDR)		4,702
	311,204		Sterling Bancorp/DE		3,980
	57,047	e	Stock Yards Bancorp, Inc		1,717
	40,437	e	Stonegate Bank		1,041
	51,123	*,e	Stonegate Mortgage Corp		664
	42,653		Suffolk Bancorp		828
	3,341,120		Sumitomo Mitsui Financial Group, Inc		136,132
	32,224	*,e	Sun Bancorp, Inc		584
	925,851		SunTrust Banks, Inc		35,210
	827,489		Suruga Bank Ltd		16,510
	707,657		Susquehanna Bancshares, Inc		7,077
	156,766	*	SVB Financial Group		17,572
	637,245		Svenska Handelsbanken (A Shares)		29,843
	798,793		Swedbank AB (A Shares)		20,030
	70,030	*	Sydbank AS		2,131
	438,092		Syndicate Bank		772
	206,345		Synovus Financial Corp		4,878
	1,867,383	*	Ta Chong Bank Co Ltd		599
	1,564,436		Taichung Commercial Bank		530
	9,066,042		Taishin Financial Holdings Co Ltd		4,247
	2,139,136	*	Taiwan Business Bank		631
	6,386,135		Taiwan Cooperative Financial Holding		3,442
	86,652		Talmer Bancorp Inc		1,198
	3,726,853		TCF Financial Corp		57,878
	656,872	*	TCS Group Holding plc (ADR)		3,064
	22,481	*	Tekstil Bankasi AS.		20
	37,699	e	Territorial Bancorp, Inc		765
	148,692	*	Texas Capital Bancshares, Inc		8,577
	103,532		TFS Financial Corp		1,483
	1,431,400		Thanachart Capital PCL		1,640
	119,930	*	The Bancorp, Inc		1,030
	1,113,180		Tisco Bank PCL		1,559
	10,590,300		TMB Bank PCL (Foreign)		1,004
	94,000		Tochigi Bank Ltd		368
	402,000		Toho Bank Ltd		1,499
	74,700	m	Tokyo Tomin Bank Ltd		898
	156,900		Tomony Holdings, Inc		660
	54,226		Tompkins Trustco, Inc		2,390
	3,493,341	e	Toronto-Dominion Bank		172,398
	391,000		Towa Bank Ltd		353
	113,853	e	TowneBank		1,546
	23,561		Tree.com, Inc		846
	67,081	e	Trico Bancshares		1,517
	76,460	*,e	Tristate Capital Holdings, Inc		693
	392,717	e	Trustco Bank Corp NY		2,529
	246,986		Trustmark Corp		5,689

16

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,650,000	*,e	TSB Banking Group plc	$	16,450
	4,368,915		Turkiye Garanti Bankasi AS		15,356
	1,295,192		Turkiye Halk Bankasi AS		7,792
	2,784,322		Turkiye Is Bankasi (Series C)		6,188
	2,281,160		Turkiye Sinai Kalkinma Bankasi AS		1,923
	2,402,698		Turkiye Vakiflar Bankasi Tao		4,455
	138,992		UMB Financial Corp		7,582
	610,699	e	Umpqua Holdings Corp		10,058
	4,699,781		UniCredit S.p.A		36,921
	1,449,396	*	Union Bank Of Taiwan		505
	168,735		Union Bankshares Corp		3,898
	251,114	e	United Bankshares, Inc		7,767
	184,157		United Community Banks, Inc		3,031
	158,121		United Community Financial Corp		740
	185,420		United Financial Bancorp, Inc (New)		2,353
	690,563	e	United Overseas Bank Ltd		12,106
	58,960		Univest Corp of Pennsylvania		1,105
	4,392,843		US Bancorp		183,753
	30,718		Valiant Holding		2,449
	720,502	e	Valley National Bancorp		6,982
	144,647		ViewPoint Financial Group		3,463
	559,424		Vijaya Bank		434
	3,719,185		VTB Bank OJSC (GDR)		7,363
	68,027	*	Walker & Dunlop, Inc		904
	361,784		Washington Federal, Inc		7,366
	53,322	e	Washington Trust Bancorp, Inc		1,759
	121,475		Waterstone Financial, Inc		1,403
	328,598		Webster Financial Corp		9,575
	25,498,311		Wells Fargo & Co		1,322,598
	95,938		WesBanco, Inc		2,935
	60,142	e	West Bancorporation, Inc		850
	99,313	e	Westamerica Bancorporation		4,620
	250,815	*	Western Alliance Bancorp		5,994
	3,699,674		Westpac Banking Corp		103,863
	255,832		Wilshire Bancorp, Inc		2,361
	171,433		Wintrust Financial Corp		7,658
	322,668		Woori Finance Holdings Co Ltd		3,980
	31,321		WSFS Financial Corp		2,243
	33,100	m	Yachiyo Bank Ltd		1,049
	76,195	*	Yadkin Financial Corp		1,384
	133,000	e	Yamagata Bank Ltd		623
	73,492		Yamaguchi Financial Group, Inc		695
	237,000		Yamanashi Chuo Bank Ltd		1,040
	1,959,332		Yapi ve Kredi Bankasi		3,847
	1,226,623		Yes Bank Ltd		11,040
	105,974	e	Zions Bancorporation		3,080
			TOTAL BANKS		9,441,637
CAPITAL GOODS - 7.4%
	2,748,544		3M Co		389,414
	176,840		A.O. Smith Corp		8,361
	191,384		Aalberts Industries NV		4,955

17

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	129,377		Aaon, Inc	$	2,201
	148,311		AAR Corp		3,582
	454,634		ABB Ltd		10,170
	530,232	e	Abengoa S.A.		2,958
	225,821	e	Abengoa S.A. (B Shares)		1,190
	2,051,642		Aboitiz Equity Ventures, Inc		2,461
	1,319,000		AcBel Polytech, Inc		1,564
	122,611	*	Accuride Corp		465
	111,537		Aceto Corp		2,155
	92,612		ACS Actividades Construccion y Servicios S.A.		3,550
	265,087		Actuant Corp (Class A)		8,090
	25,245		Acuity Brands, Inc		2,972
	188,700		Adani Enterprises Ltd		1,433
	40,752		Aditya Birla Nuvo Ltd		1,066
	254,500		Advan Co Ltd		2,786
	36,131	*	Advanced Drainage Systems, Inc		757
	101,000	*	Advanced Lithium Electrochemistry Co Ltd		200
	252,913	*,e	Aecom Technology Corp		8,536
	147,655		Aecon Group, Inc		2,000
	140,252	*	Aegion Corp		3,121
	98,311	*	Aerovironment, Inc		2,956
	14,070		AFG Arbonia-Forster Hldg		301
	30,500	e	AG Growth International Inc		1,212
	127,912		AGCO Corp		5,815
	50,299		Aica Kogyo Co Ltd		1,069
	26,500		Aichi Corp		126
	185,800		Aida Engineering Ltd		1,888
	248,435		Air Lease Corp		8,074
	220,848		Aircastle Ltd		3,613
	413,508		Airtac International Group		3,331
	102,387		Akfen Holding AS.		205
	26,074		Alamo Group, Inc		1,069
	351,216		Alarko Holding AS		591
	111,487		Albany International Corp (Class A)		3,795
	96,265		Alfa Laval AB		2,051
	5,287,429		Alfa S.A. de C.V. (Class A)		18,098
	1,174,858		Allegion plc		55,970
	2,324,864		Alliance Global Group, Inc		1,344
	108,489		Alliant Techsystems, Inc		13,848
	317,834		Allied Electronics Corp Ltd		690
	306,027		Allison Transmission Holdings, Inc		8,719
	38,162		Alstom Projects India Ltd		294
	826,911		Alstom RGPT		28,356
	79,787		Altra Holdings, Inc		2,327
	378,922		Amada Co Ltd		3,613
	61,681		Amara Raja Batteries Ltd		596
	73,093	*	Ameresco, Inc		501
	28,868	e	American Railcar Industries, Inc		2,134
	37,521		American Science & Engineering, Inc		2,078
	82,620	*	American Woodmark Corp		3,045
	526,007		Ametek, Inc		26,411
	34,000	*,m	Amrep Corp		0	^

18

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,133		Andritz AG.	$	699
	95,306		Apogee Enterprises, Inc		3,793
	150,875		Applied Industrial Technologies, Inc		6,887
	1,253,763	*	Arabtec Holding Co		1,570
	7,610	*,e	ARC Group Worldwide, Inc		119
	59,427		Arcadis NV		1,966
	13,658	*	Arcam AB		319
	93,971		Argan, Inc		3,137
	484,294	*	Armstrong World Industries, Inc		27,120
	391,505	*	ArvinMeritor, Inc		4,248
	51,600		Asahi Diamond Industrial Co Ltd		747
	337,042		Asahi Glass Co Ltd		1,828
	1,302,414		Ashok Leyland Ltd		866
	3,512,439		Ashtead Group plc		59,089
	557,746		Assa Abloy AB (Class B)		28,661
	214,401	e	Astaldi S.p.A.		1,628
	70,372		Astec Industries, Inc		2,566
	48,356	*,e	Astronics Corp		2,306
	1,348	*,e	Astronics Corp (Class B)		64
	788,016		Asunaro Aoki Construction Co Ltd		6,017
	308,945		Atlas Copco AB (A Shares)		8,815
	214,256		Atlas Copco AB (B Shares)		5,537
	90,219	*	ATS Automation Tooling Systems, Inc		1,045
	239,465	e	Ausdrill Ltd		189
	1,892,675	*	Austal Ltd		2,150
	425,697	*	Aveng Ltd		838
	2,877,843	e	AviChina Industry & Technology Co		2,055
	76,653		AZZ, Inc		3,202
	24,455		B&B Tools AB		480
	41,645		Babcock & Wilcox Co		1,153
	65,600	e	Badger Daylighting Ltd		1,635
	2,370,194		BAE Systems plc		18,041
	684,520	e	Balfour Beatty plc		2,093
	114,100	*,e	Ballard Power Systems, Inc		367
	165,000		Bando Chemical Industries Ltd		648
	436,000		Baoye Group Co Ltd		272
	224,364		Barloworld Ltd		1,837
	198,076		Barnes Group, Inc		6,012
	9,049		Bauer AG.		155
	31,761		BayWa AG.		1,365
	150,470	*	BE Aerospace, Inc		12,630
	57	*	Beacon Power Corp		0	^
	172,099	*	Beacon Roofing Supply, Inc		4,385
	646,800		Beijing Enterprises Holdings Ltd		5,549
	390,400		Benalec Holdings BHD		108
	2,793,900		Berjaya Corp BHD		481
	1,000,000		BES Engineering Corp		252
	405,369		Besalco S.A.		281
	730,684		Bharat Heavy Electricals		2,361
	5,584		BHI Co Ltd		71
	407,673		Bidvest Group Ltd		10,316
	85,938	e	Bird Construction Income Fund		1,086

19

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	102,800		BJC Heavy Industries PCL	$	123
	161,548	*	Blount International, Inc		2,444
	411,082		Bodycote plc		4,447
	2,158,535		Boeing Co		274,954
	297,000		Boer Power Holdings Ltd		404
	400,000	e	Bolina Holding Co Ltd		158
	1,942,150	e	Bombardier, Inc		6,538
	273,045		Boskalis Westminster		15,356
	14,665		Bossard Holding AG.		1,521
	430,550		Bouygues S.A.		13,922
	169,797	e	Bradken Ltd		631
	60,373		Brenntag AG.		2,955
	176,818	e	Briggs & Stratton Corp		3,186
	11,981		Bucher Industries AG.		3,075
	23,560		Budimex S.A.		981
	133,847	*	Builders FirstSource, Inc		729
	116,000		Bunka Shutter Co Ltd		1,035
	304,618		Bunzl plc		7,926
	50,102		Burckhardt Compression Holding AG.		23,062
	9,982		Burkhalter Holding AG.		898
	402,949		CAE, Inc		4,886
	1,018,100		Cahya Mata Sarawak BHD		1,350
	60,992	*,e	CAI International, Inc		1,180
	973,894	*,e	Capstone Turbine Corp		1,042
	17,108		Carbone Lorraine		419
	51,540	*,e	Carbures Europe S.A.		367
	161,312	e	Cardno Ltd		850
	38,143	e	Cargotec Corp (B Shares)		1,270
	427,162		Carillion plc		2,101
	96,695		Carlisle Cos, Inc		7,772
	1,319,419		Caterpillar, Inc		130,662
	294,900		CB Industrial Product Holding BHD		440
	1,022,327		Central Glass Co Ltd		3,619
	21,646		CENTROTEC Sustainable AG.		415
	513,669	*	Cersanit Krasnystaw S.A.		216
	183,000		Changchai Co Ltd		132
	5,262,620	e	Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		3,069
	14,882,000	*	Charisma Energy Services Ltd		361
	92,854	*,e	Chart Industries, Inc		5,676
	191,909		Chemring Group plc		698
	458,915		Chicago Bridge & Iron Co NV		26,548
	283,410		Chicony Power Technology Co Ltd		418
	50		Chien Kuo Construction Co Ltd		0	^
	12,200,000	*	China Automation Group Ltd		2,447
	13,613,476		China Communications Construction Co Ltd		9,824
	47,000		China Ecotek Corp		105
	2,182,000	*	China Energine International Holdings Ltd		267
	368,150		China Fangda Group Co Ltd		214
	1,874,000		China Glass Holdings Ltd		229
	1,099,000	*,e	China High Speed Transmission Equipment Group Co Ltd		892
	586,005		China International Marine Containers Group Co Ltd		1,207

20

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,341,363	e	China Railway Construction Corp	$	2,125
	12,462,697		China Railway Group Ltd		6,600
	691,400	e	China Singyes Solar Technologies Holdings Ltd		1,229
	2,498,380	e	China South Locomotive and Rolling Stock Corp		2,196
	3,912,656		China State Construction International Holdings Ltd		5,817
	120,000		China Steel Structure Co Ltd		114
	4,680,000	*	China WindPower Group Ltd		372
	1,113,000		Chip Eng Seng Corp Ltd		785
	35,939		Chiyoda Corp		397
	41,300		Chiyoda Integre Co Ltd		568
	18,474,000		Chongqing Machinery & Electric Co Ltd		2,875
	64,400		Chudenko Corp		1,053
	893,000		Chung Hsin Electric & Machinery Manufacturing Corp		600
	717,452		Cintra Concesiones de Infraestructuras de Transporte S.A.		13,880
	880,328	*	CIR-Compagnie Industriali Riunite S.p.A.		997
	88,155		CIRCOR International, Inc		5,935
	2,489,084	e	Citic Pacific Ltd		4,154
	2,857,000	*,e	Citic Resources Holdings Ltd		434
	183,000		Civmec Ltd		110
	16,867		CJ Corp		2,774
	233,500		CKD Corp		2,121
	155,115		Clarcor, Inc		9,785
	1,459,657		CNH Industrial NV		11,562
	226,766		Coastal Contracts BHD		335
	790,346		Cobham plc		3,721
	807,136	*	Cofide S.p.A.		425
	498,619	*	Colfax Corp		28,406
	69,104		Columbus McKinnon Corp		1,520
	162,124		Comfort Systems USA, Inc		2,197
	78,425	*	Commercial Vehicle Group, Inc		485
	3,369,975		Compagnie de Saint-Gobain		153,979
	7,540		Compagnie d’Entreprises CFE		778
	172,400		COMSYS Holdings Corp		2,976
	91,252	e	Concentric AB		1,077
	1,702		Construcciones y Auxiliar de Ferrocarriles S.A.		569
	35,730	*	Continental Building Products Inc		522
	576,450		Continental Engineering Corp		218
	2,047,000	e	Cosco Corp Singapore Ltd		1,082
	20,585	e	Cosel Co Ltd		245
	190,140		Costain Group plc		875
	99,048		Cramo Oyj (Series B)		1,398
	539,609		Crane Co		34,109
	723,590		CSBC Corp Taiwan		416
	687,629		CTCI Corp		1,170
	75,346		Cubic Corp		3,526
	723,234		Cummins, Inc		95,452
	170,900		Curtiss-Wright Corp		11,266
	329,000		DA CIN Construction Co Ltd		231
	32,312		Daelim Industrial Co		2,311
	59,555		Daesang Holdings Co Ltd		1,216
	16,113		Daetwyler Holding AG.		2,120
	123,728	*	Daewoo Engineering & Construction Co Ltd		899

21

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	53,471		Daewoo International Corp	$	1,901
	118,591		Daewoo Shipbuilding & Marine Engineering Co Ltd		2,274
	84,600		Daifuku Co Ltd		996
	91,641		Daihen Corp		356
	68,000		Daiichi Jitsugyo Co Ltd		381
	318,578		Daikin Industries Ltd		19,762
	27,000		Daiwa Industries Ltd		204
	99,300		Dalian Refrigeration Co Ltd		97
	2,391,297		Danaher Corp		181,691
	11,820		Danieli & Co S.p.A.		304
	92,390		Danieli & Co S.p.A. (RSP)		1,760
	203,346		DCC plc		11,257
	358,628		Decmil Group Ltd		557
	170,249	e	Deere & Co		13,959
	38,600		Denyo Co Ltd		526
	314,498		Deutz AG.		1,658
	3,930,256		Dialog Group BHD		2,061
	273,661	*	DigitalGlobe, Inc		7,799
	24,512	*	Discount Investment Corp		188
	194,200		DKSH Holdings Malaysia BHD		383
	911,562		DMCI Holdings, Inc		1,603
	1,154,357	*	Dogan Sirketler Grubu Holdings		335
	80,250		Donaldson Co, Inc		3,261
	19,100		Dongfang Electric Co Ltd		34
	26,169		Dongkuk Structures & Construction Co Ltd		110
	22,715		Doosan Corp		2,226
	24,330	*	Doosan Engine Co Ltd		169
	60,518		Doosan Heavy Industries and Construction Co Ltd		1,492
	143,126	*	Doosan Infracore Co Ltd		1,503
	93,058	e	Douglas Dynamics, Inc		1,815
	359,058		Dover Corp		28,843
	38,047	*	Ducommun, Inc		1,043
	85,204		Duerr AG.		6,183
	79,425	e	Duro Felguera S.A.		378
	56,658	*	DXP Enterprises, Inc		4,175
	105,506	*	Dycom Industries, Inc		3,240
	50,410		Dynamic Materials Corp		960
	280,200		Dynasty Ceramic PCL		501
	1,216,555		Eaton Corp		77,093
	694,828	e	Ebara Corp		4,165
	843,200		EEI Corp		218
	121,603		Eiffage S.A.		6,779
	60,085		Elbit Systems Ltd		3,726
	3,143		Electra Israel Ltd		443
	246,560		EMCOR Group, Inc		9,853
	995,709		Emerson Electric Co		62,311
	847,082		Empresa Brasileira de Aeronautica S.A.		8,357
	2,041,800	*,e	Empresas ICA Sociedad Controladora S.A. de C.V.		3,529
	66,311		Encore Wire Corp		2,459
	9,200	e	Endo Lighting Corp		107
	136,701	*,e	Energy Recovery, Inc		484
	166,058	e	EnerSys		9,738

22

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	65,414	*	Engility Holdings, Inc	$	2,039
	188,805		Engineers India Ltd		745
	510,807		Enka Insaat ve Sanayi AS		1,167
	123,288	*,e	Enphase Energy, Inc		1,848
	70,093	*	EnPro Industries, Inc		4,243
	636,000		Enric Energy Equipment Holdings Ltd		635
	23,243	*,e	Erickson Air-Crane, Inc		302
	99,600		ESCO Technologies, Inc		3,464
	226,437	*	Esterline Technologies Corp		25,196
	842,749		European Aeronautic Defence and Space Co		52,976
	1,186,000	e	EVA Precision Industrial Holdings Ltd		276
	191,698		Exelis, Inc		3,171
	8,706		Faiveley S.A.		555
	135,988		Fanuc Ltd		24,594
	4,454,000	e	Far East Global Group Ltd		789
	6,864,184		Far Eastern Textile Co Ltd		6,913
	579,513	e	Fastenal Co		26,020
	8,620,000	*,e,m	FDG Electric Vehicles Ltd		611
	281,180		Federal Signal Corp		3,723
	192,588		Fenner plc		992
	2,300,932		Ferreyros S.A.		1,322
	874,158	*	Finmeccanica S.p.A.		8,459
	481,851		Finning International, Inc		13,591
	1,644,000	e	First Tractor Co		1,145
	264,239		Flowserve Corp		18,634
	48,957	e	FLSmidth & Co AS		2,335
	147,471		Fluor Corp		9,850
	63,194	*,e	Fomento de Construcciones y Contratas S.A.		1,211
	1,254,821		Fortune Brands Home & Security, Inc		51,586
	269,800		Foshan Electrical and Lighting Co Ltd		264
	396,937		Foster Wheeler AG.		12,551
	169,767		Franklin Electric Co, Inc		5,898
	44,189		Freightcar America, Inc		1,471
	29,544	*	Frigoglass S.A.		101
	583,942		FSP Technology, Inc		523
	1,703,000	e	Fudo Tetra Corp		4,310
	658,432	*,e	FuelCell Energy, Inc		1,376
	1,733,587		Fuji Electric Holdings Co Ltd		8,390
	85,692		Fuji Machine Manufacturing Co Ltd		824
	1,354,978		Fujikura Ltd		6,523
	69,800		Fujitec Co Ltd		762
	111,307	*	Furmanite Corp		752
	254,000		Furukawa Co Ltd		525
	965,000		Furukawa Electric Co Ltd		1,939
	183,419	*	Futaba Corp/Chiba		2,756
	194,672		Galliford Try plc		3,980
	201,644	*	Gamesa Corp Tecnologica S.A.		2,216
	3,830,551		Gamuda BHD		5,629
	118,289		GATX Corp		6,905
	790,870		GEA Group AG.		34,358
	14,047		Geberit AG.		4,528
	169,424	*	GEK Group of Cos S.A.		685

23

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	180,714	*,e	GenCorp, Inc	$	2,886
	223,975	e	Generac Holdings, Inc		9,080
	182,286		General Cable Corp		2,749
	1,611,359		General Dynamics Corp		204,788
	37,119,441		General Electric Co		951,000
	28,633	*,e	General Finance Corp		254
	9,703		Georg Fischer AG.		5,696
	2,880		Gesco AG.		249
	114,142	*	Gibraltar Industries, Inc		1,563
	65,601		Gildemeister AG.		1,842
	83,818		Global Brass & Copper Holdings, Inc		1,230
	63,560		Global Power Equipment Group, Inc		947
	155,856		Glory Ltd		4,399
	874,090		GMR Infrastructure Ltd		247
	61,685		Gorman-Rupp Co		1,853
	108,259		Graco, Inc		7,901
	426,751	*,e	GrafTech International Ltd		1,955
	1,062,141		Grafton Group plc		10,735
	34,235		Graham Corp		984
	142,439		Granite Construction, Inc		4,531
	213,968		Great Lakes Dredge & Dock Corp		1,322
	22,415		Greaves Cotton Ltd		48
	82,002	e	Greenbrier Cos, Inc		6,017
	162,709		Griffon Corp		1,853
	58,821	*,e	Grontmij (ADR)		298
	236,934		Group Five Ltd		840
	1,041,261	e	Grupo Carso S.A. de C.V. (Series A1)		6,087
	55,100		GS Engineering & Construction Corp		1,914
	10,060		GS Global Corp		90
	349,000	e	GS Yuasa Corp		2,033
	224,800	e,m	Guangzhou Shipyard International Co Ltd		397
	415,600		Gunkul Engineering PCL		313
	2,864,000	e	Guodian Technology & Environment Group Corp Ltd		582
	228,246	e	GWA International Ltd		512
	92,228		H&E Equipment Services, Inc		3,715
	878,360		Haitian International Holdings Ltd		1,992
	37,313		Haldex AB		432
	241,514	*	Halim Co Ltd		1,278
	15,187		Halla Engineering & Construction Corp		111
	637,730		Hangzhou Steam Turbine Co		770
	66,595	*	Hanjin Heavy Industries & Construction Co Ltd		327
	1,658,395		Hanwa Co Ltd		6,202
	111,000		HAP Seng Consolidated BHD		135
	1,986,000		Harbin Power Equipment		1,193
	261,467		Harsco Corp		5,598
	987,169		Havells India Ltd		4,223
	180,500		Hazama Ando Corp		1,154
	208,912	*	HD Supply Holdings, Inc		5,695
	203,328		Heico Corp		9,495
	686,297	*,e	Heidelberger Druckmaschinen		1,910
	195,820	*	Hellenic Technodomiki Tev S.A.		754
	64,242		Hexagon Composites ASA		299

24

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	57,551	*	Hexcel Corp	$	2,285
	16,300		Hibiya Engineering Ltd		236
	233,982		Hillenbrand, Inc		7,228
	464,130		Hills Industries Ltd		538
	462,781		Hino Motors Ltd		6,476
	17,200		Hisaka Works Ltd		162
	86,191	e	Hitachi Construction Machinery Co Ltd		1,735
	47,500		Hitachi Koki Co Ltd		414
	158,300		Hitachi Zosen Corp		934
	368,833		Hiwin Technologies Corp		3,289
	4,838,000	e	HKC Holdings Ltd		118
	78,849		Hochtief AG.		5,411
	637,635		Hock Seng Lee BHD		369
	6,017		Homag Group AG.		206
	5,864,656		Honeywell International, Inc		546,117
	158,000		Hong Leong Asia Ltd		184
	1,055,558		Hopewell Holdings		3,695
	39,500		Hoshizaki Electric Co Ltd		1,843
	72,000		Hosken Consolidated Investments Ltd		990
	27,000		Hosokawa Micron Corp		160
	64,653		Houston Wire & Cable Co		775
	2,370,000		Hsin Chong Construction Group Ltd		290
	421,000		HUA ENG Wire & Cable		146
	26,415		Hubbell, Inc (Class B)		3,184
	24,869		Huber & Suhner AG.		1,211
	53,148		Hudaco Industries Ltd		460
	305,819		Huntington Ingalls		31,869
	23,417		Hurco Cos, Inc		882
	2,376,961		Hutchison Whampoa Ltd		28,734
	8,335		Hy-Lok Corp		269
	41,698		Hyster-Yale Materials Handling, Inc		2,986
	51,444		Hyundai Corp		1,840
	66,848		Hyundai Development Co		2,697
	6,714	*	Hyundai Elevator Co Ltd		232
	207,897		Hyundai Engineering & Construction Co Ltd		11,850
	44,983		Hyundai Heavy Industries		5,845
	27,203		Hyundai Mipo Dockyard		3,186
	63,600		Idec Corp		530
	367,844		IDEX Corp		26,621
	197,665	*	II-VI, Inc		2,327
	3,362,507		IJM Corp BHD		6,632
	260,153		Illinois Tool Works, Inc		21,962
	51,054		IMARKETKOREA, Inc		1,536
	62,905		IMI plc		1,251
	14,672		Implenia AG.		800
	31,576		IMS-Intl Metal Service		619
	417,195	*,e	Imtech NV		205
	64,410		Inaba Denki Sangyo Co Ltd		2,165
	146,784		Inabata & Co Ltd		1,479
	68,250		Indus Holding AG.		3,309
	41,169		Industria Macchine Automatiche S.p.A.		1,362
	84,623		Industries Qatar QSC		4,316

25

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	56,195		Indutrade AB	$	2,133
	2,149,346		Ingersoll-Rand plc		121,137
	83,602		Insteel Industries, Inc		1,719
	5,035,000	*	Interchina Holdings Co		253
	70,263		Interpump Group S.p.A.		882
	296,477		Interserve plc		2,875
	29,503		Invicta Holdings Ltd		275
	72,500		Iochpe-Maxion S.A.		494
	705,563		IRB Infrastructure Developers Ltd		2,632
	9,810	*	IS Dongseo Co Ltd		360
	760,000		Iseki & Co Ltd		1,865
	295,000		I-Sheng Electric Wire & Cable Co Ltd		411
	3,766,417		Ishikawajima-Harima Heavy Industries Co Ltd		19,519
	1,912,350	*	Italian-Thai Development PCL		346
	2,368,480		Itochu Corp		28,926
	970,810		ITT Corp		43,628
	64,128	*	IVRCL Infrastructures & Projects Ltd		16
	305,000		Iwatani International Corp		2,111
	71,653	*	Jacobs Engineering Group, Inc		3,498
	307,136		Jain Irrigation Systems Ltd		403
	1,523,783		Jaiprakash Associates Ltd		649
	9,000	*	Jamco Corp		200
	77,750	*,e	Japan Bridge Corp		203
	163,604		Japan Pulp & Paper Co Ltd		492
	327,000	e	Japan Steel Works Ltd		1,314
	2,702,896		JG Summit Holdings (Series B)		3,483
	101,481		JGC Corp		2,773
	3,314,000		Jiangnan Group Ltd		717
	3,525,500	*,e,m	China Rongsheng Heavy Industry Group Co Ltd		463
	1,271,000	*	Jinchuan Group International Resources Co Ltd		113
	496,000		Jingwei Textile Machinery		501
	132,632		John Bean Technologies Corp		3,731
	1,121,045		John Keells Holdings plc		2,181
	470,000	e	Johnson Electric Holdings Ltd		1,792
	991,602	e	Joy Global, Inc		54,082
	858,454		JTEKT Corp		14,389
	118,000	*	Juki Corp		417
	15,885		Jungheinrich AG.		891
	3,613	*	JVM Co Ltd		212
	39,760		Kadant, Inc		1,553
	46,990		Kajaria Ceramics Ltd		483
	126,941		Kajima Corp		608
	91,861		Kaman Corp		3,610
	21,600		Kamei Corp		157
	32,100		Kanamoto Co Ltd		1,187
	466,000		Kandenko Co Ltd		2,352
	1,179,000		Kanematsu Corp		1,895
	20,300		Katakura Industries Co Ltd		253
	47,000		Kato Works Co Ltd		358
	1,079,909		Kawasaki Heavy Industries Ltd		4,317
	378,463		KBR, Inc		7,126
	11,960		KCC Corp		8,143

26

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	47,113	e	KCI Konecranes Oyj	$	1,263
	70,720		Keller Group plc		1,005
	19,771		Kendrion NV		551
	1,014,888		Kennametal, Inc		41,925
	155,700		Kepler Weber S.A.		2,983
	3,811,707		Keppel Corp Ltd		31,353
	119,068	*,e	KEYW Holding Corp		1,318
	64,954		Kier Group plc		1,732
	587,000		Kinden Corp		6,037
	156,000		King Slide Works Co Ltd		1,756
	144,493		Kingspan Group plc		2,300
	90,000		Kinik Co		210
	33,000		Kinki Sharyo Co Ltd		104
	64,348		KION Group AG.		2,375
	81,300		Kitz Corp		406
	94,081	*	Kloeckner & Co AG.		1,289
	1,649,638		KOC Holding AS		7,624
	3,958	*	Kolon Engineering & Construction Co Ltd		31
	1,114,881		Komatsu Ltd		25,766
	9,951		Komax Holding AG.		1,423
	187,032	*	Kombassan Holdings AS		217
	222,590		Komori Corp		2,710
	555,690	e	Kone Oyj (Class B)		22,247
	226,524	e	Koninklijke BAM Groep NV		670
	413,233		Koninklijke Philips Electronics NV		13,141
	86,089		Kopex S.A.		293
	49,668		Korea Aerospace Industries Ltd		1,916
	12,834		Korea Electric Terminal Co Ltd		632
	161,460	*	Kratos Defense & Security Solutions, Inc		1,059
	40,948		Krones AG.		3,551
	1,336,963		Kubota Corp		21,169
	97,345	e	KUKA AG.		5,871
	477,000	*	Kumagai Gumi Co Ltd		1,762
	16,762	*	Kumho Industrial Co Ltd		197
	141,000		Kuo Toong International Co Ltd		234
	60,198		Kurita Water Industries Ltd		1,343
	119,779		Kuroda Electric Co Ltd		1,757
	70,700		Kyokuto Kaihatsu Kogyo Co Ltd		1,024
	289,300		Kyowa Exeo Corp		3,758
	32,000		Kyudenko Corp		379
	231,733		L-3 Communications Holdings, Inc		27,558
	2,006		Lakshmi Machine Works Ltd		131
	693,457	*	Lanco Infratech Ltd		76
	658,197		Larsen & Toubro Ltd		15,471
	73,761	*,e	Layne Christensen Co		716
	42,242		LB Foster Co (Class A)		1,941
	77,308		Legrand S.A.		4,017
	392,101	e	Leighton Holdings Ltd		6,632
	255,760		Lennox International, Inc		19,660
	116,623		LG Corp		8,478
	41,004		LG Hausys Ltd		8,099
	49,877		LG International Corp		1,214

27

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	42,513		Lincoln Electric Holdings, Inc	$	2,939
	58,605	*	Lindab International AB		500
	40,635	e	Lindsay Manufacturing Co		3,037
	30,905		LISI		898
	237,391	e	LIXIL Group Corp		5,064
	38,826	*,e	LMI Aerospace, Inc		497
	633,301		Lockheed Martin Corp		115,755
	6,011,000	e	Lonking Holdings Ltd		1,081
	72,965		LS Cable Ltd		4,616
	14,695		LS Industrial Systems Co Ltd		817
	82,680		LSI Industries, Inc		502
	60,127	*	Lydall, Inc		1,624
	20,618		Mabuchi Motor Co Ltd		1,799
	321,515		MACA Ltd		421
	43,625		MacDonald Dettwiler & Associates Ltd		3,262
	110,000		Maeda Corp		882
	15,300	e	Maeda Kosen Co Ltd		190
	108,541		Maeda Road Construction Co Ltd		1,687
	105,793	*,e	Maire Tecnimont S.p.A		254
	290,748		Makino Milling Machine Co Ltd		2,152
	155,499		Makita Corp		8,784
	24,900		Malaysia Marine and Heavy Engineering Sdn BHD		23
	1,784,400		Malaysian Resources Corp BHD		892
	8,394		MAN AG.		945
	40,888	*	Manitex International, Inc		462
	9,452		Manitou BF S.A.		149
	138,916		Manitowoc Co, Inc		3,258
	789,400		Marcopolo S.A.		1,284
	2,283,507		Marubeni Corp		15,626
	3,006,836		Masco Corp		71,924
	104,343	*,e	Masonite International Corp		5,779
	185,254	*,e	Mastec, Inc		5,672
	32,000		Max Co Ltd		368
	669,074		Meggitt plc		4,880
	170,000		Meidensha Corp		670
	1,207,901		Melrose Industries plc		4,835
	43,067		Metka S.A.		553
	21,051		Metso Oyj		746
	88,871	*,e	Meyer Burger Technology AG.		906
	66,003		Micron Machinery Co Ltd		1,601
	147,439	*	Middleby Corp		12,994
	42,414		Miller Industries, Inc		717
	90,300		Mills Estruturas e Servicos de		660
	1,137,000		Minebea Co Ltd		15,517
	479,200		Miraito Holdings Corp		5,548
	85,800		MISUMI Group, Inc		2,593
	2,811,843		Mitsubishi Corp		57,587
	2,748,874		Mitsubishi Electric Corp		36,646
	3,548,696		Mitsubishi Heavy Industries Ltd		22,846
	24,800		Mitsubishi Nichiyu Forklift Co Ltd		190
	99,700		Mitsuboshi Belting Co Ltd		654
	3,057,018		Mitsui & Co Ltd		48,222

28

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,506,900		Mitsui Engineering & Shipbuilding Co Ltd	$	3,394
	74,700	e	Miura Co Ltd		879
	3,782,738		MMC Corp BHD		2,748
	255,336	e	Monadelphous Group Ltd		2,852
	78,800	e	MonotaRO Co Ltd		1,972
	169,055	*	Moog, Inc (Class A)		11,563
	346,609		Morgan Crucible Co plc		1,668
	61,272		Morgan Sindall plc		815
	112,200		Mori Seiki Co Ltd		1,438
	29,000		Morita Holdings Corp		303
	85,149	e	Mota Engil SGPS S.A.		550
	213,298	*	MRC Global, Inc		4,974
	94,753		MSC Industrial Direct Co (Class A)		8,098
	53,463		MTU Aero Engines Holding AG.		4,549
	710,166		Mudajaya Group BHD		431
	244,123		Mueller Industries, Inc		6,967
	823,757		Mueller Water Products, Inc (Class A)		6,821
	957,700		Muhibbah Engineering M BHD		908
	720,803	*,e	Murray & Roberts Holdings Ltd		1,610
	77,692	*	MYR Group, Inc		1,871
	18,340		Nabtesco Corp		439
	160,332		Nachi-Fujikoshi Corp		1,173
	206,100		Nagase & Co Ltd		2,508
	51,000		Nak Sealing Technologies Corp		199
	37,300	e	Namura Shipbuilding Co Ltd		402
	265,279		National Central Cooling Co PJSC		121
	17,850	e	National Presto Industries, Inc		1,084
	283,000		Nature Home Holding Company Ltd		45
	445,887	*,e	Navistar International Corp		14,674
	9,708		NCC AB		320
	260,007		NCC AB (B Shares)		8,607
	82,331	*	NCI Building Systems, Inc		1,597
	48,300		NEC Capital Solutions Ltd		954
	454,351	*	Neo-Neon Holdings Ltd		74
	92,900	e	New Flyer Industries, Inc		1,085
	29,218	e	Nexans S.A.		1,099
	791,954		NGK Insulators Ltd		18,878
	160,149		Nibe Industrier AB (Series B)		4,033
	93,000	e	Nichias Corp		616
	13,200		Nichiden Corp		279
	88,400		Nichiha Corp		881
	184,628		Nidec Corp		12,477
	4,600		Nihon Trim Co Ltd		126
	170,000		Nippo Corp		3,116
	35,700		Nippon Densetsu Kogyo Co Ltd		572
	58,000		Nippon Koei Co Ltd		237
	269,000		Nippon Road Co Ltd		1,508
	321,730	e	Nippon Sharyo Ltd		1,156
	924,000	*,e	Nippon Sheet Glass Co Ltd		1,019
	313,450		Nippon Steel Trading Co Ltd		1,209
	60,000		Nippon Thompson Co Ltd		310
	273,000		Nishimatsu Construction Co Ltd		1,233

29

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	31,600		Nishio Rent All Co Ltd	$	1,220
	495,000		Nisshinbo Industries, Inc		4,162
	131,000		Nissin Electric Co Ltd		779
	45,000		Nitta Corp		1,093
	144,000	*	Nitto Boseki Co Ltd		555
	82,147		Nitto Kogyo Corp		1,649
	10,473		Nitto Kohki Co Ltd		203
	23,762		NKT Holding AS		1,307
	53,137		NN, Inc		1,420
	12,988,071		Noble Group Ltd		13,204
	32,055	*,e	Norcraft Cos, Inc		511
	166,098	*	Nordex AG.		3,034
	154,030		Nordson Corp		11,717
	98,919		Noritake Co Ltd		241
	27,000		Noritz Corp		477
	75,178		NORMA Group		3,133
	26,736	*,e	Nortek, Inc		1,992
	597,897		Northrop Grumman Corp		78,779
	35,111	*	Northwest Pipe Co		1,197
	430,478	*,e	NOW, Inc		13,091
	314,544		NRW Holdings Ltd		237
	375,573		NSK Ltd		5,357
	887,000	*,e	NTN Corp		4,007
	2,308,668		NWS Holdings Ltd		4,106
	21,300		Obara Corp		781
	561,888	e	Obayashi Corp		3,845
	46,409	e	Obrascon Huarte Lain S.A.		1,549
	492,454		OC Oerlikon Corp AG.		6,110
	67,503	*,e	OCI NV		2,082
	11,210		OHB AG.		281
	134,640		Oiles Corp		2,595
	62,000		Okabe Co Ltd		680
	133,641	e	Okuma Holdings, Inc		1,068
	159,000		Okumura Corp		929
	8,243	e	Omega Flex, Inc		160
	13,200		Onoken Co Ltd		149
	225,102	*	Orbital Sciences Corp		6,258
	33,000		Organo Corp		151
	100,599	*	Orion Marine Group, Inc		1,004
	56,198		Ormat Industries		396
	73,700		OSG Corp		1,278
	178,681		Oshkosh Truck Corp		7,889
	58,666	*	Osram Licht AG.		2,177
	163,624	e	Outotec Oyj		1,242
	5,415,626		Owens Corning, Inc		171,946
	838,914		Paccar, Inc		47,713
	16,297		Palfinger AG.		515
	217,223		Pall Corp		18,182
	124,838		Parker Hannifin Corp		14,250
	34,642	*	Patrick Industries, Inc		1,467
	164,645		Peab AB (Series B)		1,132
	114,903		Pentair plc		7,525

30

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	262,700	e	Penta-Ocean Construction Co Ltd	$	885
	4,044		PER Aarsleff A.S.		666
	136,060	*	Perini Corp		3,592
	9,797		Pfeiffer Vacuum Technology AG.		823
	327,030	*,e	Pgt, Inc		3,048
	103,605	e	Pike Electric Corp		1,232
	29,516		Pinguely-Haulotte		460
	27,920		Pkc Group Oyj		565
	3,189		Plasson		129
	598,779	*,e	Plug Power, Inc		2,748
	65,004	*,e	Ply Gem Holdings, Inc		705
	396,700		Polyplex PCL		157
	133,738	*,e	Polypore International, Inc		5,204
	65,000		Portobello S.A.		130
	34,437		Powell Industries, Inc		1,407
	13,061	*,e	Power Solutions International, Inc		901
	83,089	*,e	PowerSecure International, Inc		796
	278,764		Precision Castparts Corp		66,034
	10,050		Preformed Line Products Co		530
	135,383		Primoris Services Corp		3,634
	609,254	*,e	Promotora y Operadora de Infraestructura SAB de C.V.		8,375
	185,117	*,e	Proto Labs, Inc		12,773
	39,582		Prysmian S.p.A.		732
	9,042,400		PT Adhi Karya Persero Tbk		2,047
	7,848,200		PT Arwana Citramulia Tbk		640
	2,129,400	*	PT Inovisi Infracom Tbk		141
	4,471,000		PT Pembangunan Perumahan Tbk		787
	11,502,200		PT Surya Semesta Internusa Tbk		697
	4,385,100		PT Total Bangun Persada Tbk		342
	3,669,561		PT United Tractors Tbk		5,992
	19,509,900		PT Waskita Karya Persero Tbk		1,334
	2,250,200		PT Wijaya Karya		480
	751,794		QinetiQ plc		2,728
	182,173		Quanex Building Products Corp		3,295
	631,924	*	Quanta Services, Inc		22,933
	8,357	e	R Stahl AG.		419
	150,200		Raito Kogyo Co Ltd		1,396
	155,775		Ramirent Oyj		1,222
	170,900		Randon Participacoes S.A.		450
	3,387		Rational AG.		1,007
	270,207		Raubex Group Ltd		531
	107,338		Raven Industries, Inc		2,619
	1,028,978		Raytheon Co		104,565
	71,117		RBC Bearings, Inc		4,032
	305,342		RCR Tomlinson Ltd		857
	1,082,707		Rechi Precision Co Ltd		1,106
	79,294		Regal-Beloit Corp		5,095
	522,398		Reunert Ltd		2,743
	103,496	*,e	Revolution Lighting Technologies, Inc		174
	3,462,066		Rexel S.A.		64,653
	287,669	*,e	Rexnord Corp		8,184
	39,314		Rheinmetall AG.		1,881

31

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	334,583		Rich Development Co Ltd	$	145
	3,247		Rieter Holding AG.		653
	659,262		Rockwell Automation, Inc		72,440
	328,543		Rockwell Collins, Inc		25,791
	6,933		Rockwool International AS (B Shares)		1,002
	1,718,351		Rolls-Royce Group plc		26,744
	866,847		Roper Industries, Inc		126,811
	626,000		Rotary Engineering Ltd		309
	118,406	e	Rotork plc		5,289
	152,000		Ruentex Engineering & Construction Co		312
	105,847	*	Rush Enterprises, Inc (Class A)		3,541
	169,333		Russel Metals, Inc		5,227
	1,046,000		Ryobi Ltd		3,052
	24,907		S&T Dynamics Co Ltd		244
	63,884		Saab AB (Class B)		1,566
	324,090	*	Sacyr Vallehermoso S.A.		1,737
	713,493		Safran S.A.		46,258
	65,615		Saft Groupe S.A.		2,233
	665,953		Salfacorp S.A.		500
	8,917		Sam Yung Trading Co Ltd		206
	256,135		Samsung Corp		18,319
	27,909		Samsung Engineering Co Ltd		1,590
	164,145		Samsung Heavy Industries Co Ltd		3,917
	33,782		Samsung Techwin Co Ltd		1,129
	24,860		San Miguel Corp		43
	2,486	*	San Miguel Corp (New)		7
	84,203		San Shing Fastech Corp		231
	670,863		Sandvik AB		7,535
	59,568		Sanitec Corp		549
	44,000	e	Sanki Engineering Co Ltd		328
	25,500		Sankyo Tateyama, Inc		495
	350,000		Sanwa Shutter Corp		2,489
	1,213,000	e	Sany Heavy Equipment International		270
	39,000		Sanyo Denki Co Ltd		327
	10,028		Schindler Holding AG.		1,358
	17,326		Schindler Holding AG. (Registered)		2,312
	439,652		Schneider Electric S.A.		33,731
	860		Schweiter Technologies AG.		615
	86,600	e	Seibu Holdings, Inc		1,729
	127,400		Sekisui Jushi Corp		1,720
	1,187,701		SembCorp Industries Ltd		4,819
	1,861,780	e	SembCorp Marine Ltd		5,452
	23,540		Semperit AG. Holding		1,085
	982,065		Senior plc		4,256
	508	*	Sensata Technologies Holding BV		23
	28,291	e	SGL Carbon AG.		583
	267,208	*	SGSB Group Co Ltd		180
	144,200	*,m	Shanghai Automation Instrumentation Co Ltd		95
	603,780		Shanghai Diesel Engine Co Ltd		456
	9,119,304		Shanghai Electric Group Co Ltd		4,849
	746,600		Shanghai Erfangji Co Ltd		523
	548,700		Shanghai Highly Group Co Ltd		323

32

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,567,695		Shanghai Industrial Holdings Ltd	$	4,642
	484,320		Shanghai Mechanical and Electrical Industry Co Ltd		1,064
	13,600		Shibuya Kogyo Co Ltd		365
	568,000		Shihlin Electric & Engineering Corp		772
	495,251		Shikun & Binui Ltd		1,233
	79,700		Shima Seiki Manufacturing Ltd		1,310
	1,337,936		Shimizu Corp		10,558
	159,000		Shin Zu Shing Co Ltd		393
	140,590		Shinmaywa Industries Ltd		1,281
	20,200		SHO-BOND Holdings Co Ltd		786
	10,000		Showa Aircraft Industry Co Ltd		101
	709,763		Siam Future Development PCL		156
	672,789		Siemens AG.		80,057
	83,371		Siemens India Ltd		1,114
	9,030	e	SIFCO Industries, Inc		272
	586,853		SIG plc		1,579
	3,648,873		Sime Darby BHD		10,191
	182,041		Simpson Manufacturing Co, Inc		5,306
	2,138,000		Singamas Container Holdings Ltd		394
	1,244,987		Singapore Technologies Engineering Ltd		3,558
	1,086,557		Sino Thai Engineering & Construction PCL		901
	1,300,787		Sinopec Engineering Group Co Ltd		1,401
	1,310,500		Sinotruk Hong Kong Ltd		711
	40,800		Sintokogio Ltd		286
	25,591		SK Corp		4,575
	136,704		SK Networks Co Ltd		1,371
	815,005		Skanska AB (B Shares)		16,808
	1,378,005		SKF AB (B Shares)		28,688
	15,119		SKF India Ltd		269
	219,681		SM Investments Corp		3,928
	28,377		SMC Corp		7,825
	782,596	e	Smiths Group plc		15,995
	252,096		Snap-On, Inc		30,524
	163,922		SNC-Lavalin Group, Inc		7,548
	256,016	*	SOCAM Development Ltd		208
	3,281,500		Sojitz Holdings Corp		5,152
	10,671		Solar Holdings AS (B Shares)		531
	82,466	*,e	SolarCity Corp		4,915
	340,000	*,e	Sound Global Ltd		339
	30,549	*	Sparton Corp		753
	815,436		Speedy Hire plc		932
	115,758		Spirax-Sarco Engineering plc		5,282
	414,907	*	Spirit Aerosystems Holdings, Inc (Class A)		15,791
	228,512		SPX Corp		21,464
	114,400	*	Sriracha Construction PCL		128
	69,351		Standex International Corp		5,142
	368,251		Stanley Works		32,697
	35,000		Star Micronics Co Ltd		514
	65,582	*	Sterling Construction Co, Inc		503
	41,315	*	Stock Building Supply Holdings, Inc		649
	349,200		STP & I PCL		238
	512,000	*,e	STX OSV Holdings Ltd		340

33

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	5,879		Sulzer AG.	$	721
	1,824,220		Sumitomo Corp		20,134
	15,400		Sumitomo Densetsu Co Ltd		204
	471,835		Sumitomo Electric Industries Ltd		6,985
	6,238,913		Sumitomo Heavy Industries Ltd		35,140
	730,300	*	Sumitomo Mitsui Construction C		879
	76,142		Sun Hydraulics Corp		2,862
	30,712	*	Sung Jin Geotec Co Ltd		100
	17,996		Sung Kwang Bend Co Ltd		311
	93,000		Sunspring Metal Corp		134
	1,105,321	*	Suzlon Energy Ltd		229
	329,000	*,e	SWCC Showa Holdings Co Ltd		327
	285,995		Swisslog Holding AG.		401
	115,000		Syncmold Enterprise Corp		246
	103,000		Tadano Ltd		1,896
	10,258	*	Taewoong Co Ltd		198
	34,749		Taeyoung Engineering & Construction		171
	98,102	*	Taihan Electric Wire Co Ltd		190
	29,000		Taihei Dengyo Kaisha Ltd		231
	117,000		Taihei Kogyo Co Ltd		627
	27,400		Taikisha Ltd		612
	4,425,561	e	Taisei Corp		24,968
	711,316		Taiwan Glass Industrial Corp		589
	49,500	e	Takaoka Toko Holdings Co Ltd		696
	80,929		Takara Standard Co Ltd		692
	140,300		Takasago Thermal Engineering Co Ltd		1,812
	10,500		Takeuchi Manufacturing Co Ltd		498
	64,000		Takuma Co Ltd		406
	115,728	e	TAL International Group, Inc		4,774
	18,980		Tarkett S.A.		507
	503,496	*,e	Taser International, Inc		7,774
	242,000		Tat Hong Holdings Ltd		150
	37,000	e	Tatsuta Electric Wire and Cable Co Ltd		197
	10,325	*	TCP International Holdings Ltd		79
	300,600	*	Tebrau Teguh BHD		146
	1,038,000	*,e	Tech Pro Technology Development Ltd		680
	3,088,443		Teco Electric and Machinery Co Ltd		3,171
	71,300	*	Teikoku Sen-I Co Ltd		1,507
	116,719		Tekfen Holding AS		259
	333,000	e	Tekken Corp		1,546
	308,055	*	Teledyne Technologies, Inc		28,960
	106,465		Tennant Co		7,143
	1,394,593	e	Terex Corp		44,306
	99,434	e	Textainer Group Holdings Ltd		3,094
	3,598,432		Textron, Inc		129,508
	446,736		Thales S.A.		23,776
	29,243	*,e	The ExOne Company		611
	44,966		Thermax Ltd		668
	161,675	*	Thermon Group Holdings		3,948
	195,961		THK Co Ltd		4,883
	1,786,000		Tianjin Development Hldgs		1,647
	656,429		Timken Co		27,826

34

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	167,741	e	Titan International, Inc	$	1,983
	60,776	*,e	Titan Machinery, Inc		789
	15,364	*	TK Corp		226
	84,052		TKH Group NV		2,703
	822,000		Toa Corp/Tokyo		1,535
	12,100		Tocalo Co Ltd		252
	212,000		Toda Corp		1,067
	32,000		Toenec Corp		175
	234,000		Tokai Corp		1,009
	174,860		Tokyu Construction Co Ltd		867
	111,057		Tong-Tai Machine & Tool Co Ltd		113
	17,100	e	Torishima Pump Manufacturing Co Ltd		142
	46,712		Toro Co		2,767
	150,442	e	Toromont Industries Ltd		3,622
	10,819,371		Toshiba Corp		50,225
	96,964		Toshiba Machine Co Ltd		442
	38,800		Toshiba Plant Systems & Services Corp		654
	23,300		Totetsu Kogyo Co Ltd		550
	169,677		Toto Ltd		1,867
	198,500		Toyo Construction Co Ltd		906
	115,000		Toyo Engineering Corp		493
	10,000		Toyo Tanso Co Ltd		207
	221,399		Toyota Tsusho Corp		5,393
	200,400		Toyo-Thai Corp PCL		191
	356,612		Trakya Cam Sanayi AS		400
	393,647		TransDigm Group, Inc		72,561
	3,304,832		Travis Perkins plc		88,793
	736,848		Trelleborg AB (B Shares)		12,735
	33,782	e	Trevi Finanziaria S.p.A.		240
	156,102	*,e	Trex Co, Inc		5,396
	207,512	*	Trimas Corp		5,049
	856,340		Trinity Industries, Inc		40,008
	37,253		Triumph Group, Inc		2,423
	43,962		Trusco Nakayama Corp		1,139
	314,000		Tsubakimoto Chain Co		2,591
	58,000	e	Tsugami Corp		322
	49,700		Tsukishima Kikai Co Ltd		554
	540,436		Turk Sise ve Cam Fabrikalari AS		685
	27,538		Twin Disc, Inc		742
	91,815		Ultra Electronics Holdings		2,628
	9,000		Union Tool Co		248
	430,000	e	United Engineers Ltd		953
	807,788	e	United Group Ltd		4,307
	612,000		United Integrated Services Co Ltd		607
	514,986	*	United Rentals, Inc		57,215
	837,774		United Technologies Corp		88,469
	86,898		Universal Forest Products, Inc		3,711
	115,482	e	Uponor Oyj		1,555
	24,583		URS Corp		1,416
	4,230,230	*,e	USG Corp		116,289
	1,075,900		Ushio, Inc		11,373
	105,712		Vallourec		4,865

35

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	126,470	e	Valmet Corp	$	1,253
	47,116	e	Valmont Industries, Inc		6,357
	19,850	*	Vectrus, Inc		388
	14,296	*,e	Veritiv Corp		716
	277,021	*	Vestas Wind Systems AS		10,800
	457,602		Vesuvius plc		3,341
	64,349	*,e	Vicor Corp		605
	1,130,960		Vinci S.A.		65,631
	111,887		Voltas Ltd		436
	3,548,724		Volvo AB (B Shares)		38,393
	76,605	*	Von Roll Holding AG.		124
	9,261	e	Vossloh AG.		627
	134,241		W.W. Grainger, Inc		33,782
	203,190	*	Wabash National Corp		2,706
	667,424	*	WABCO Holdings, Inc		60,702
	81,063		Wacker Construction Equipment AG.		1,544
	16,638	e	Wajax Income Fund		568
	125,200		Wakita & Co Ltd		1,324
	3,860,250	*	Walsin Lihwa Corp		1,268
	2,312		Walter Meier AG.		98
	77,117		Wartsila Oyj (B Shares)		3,436
	114,448		Watsco, Inc		9,863
	103,494		Watts Water Technologies, Inc (Class A)		6,029
	1,189,679		WCT Berhad		782
	305,012		Weg S.A.		3,560
	589,434	e	Weichai Power Co Ltd		2,130
	328,479		Weir Group plc		13,266
	147,520		Well Shin Technology Co Ltd		246
	398,847	*,e	WESCO International, Inc		31,214
	555,781		Westinghouse Air Brake Technologies Corp		45,040
	53,105	*,e	Westport Innovations, Inc		558
	4,752,800	e	Wienerberger AG.		61,192
	54,378		Wilson Bayly Holmes-Ovcon Ltd		673
	307,376		Wolseley plc		16,100
	272,158		Woodward Governor Co		12,960
	110,700	e	WSP Global, Inc		3,535
	44,890	*	Xerium Technologies, Inc		656
	108,112		Xxentria Technology Materials Corp		284
	132,025		Xylem, Inc		4,686
	11,708		Y G-1 Co Ltd		114
	23,500		Yahagi Construction Co Ltd		174
	25,100		YAMABIKO Corp		1,018
	45,200		Yamazen Corp		354
	6,149,449	e	Yangzijiang Shipbuilding		5,682
	131,910		Yazicilar Holding AS		1,194
	436,000		Yinson Holdings BHD		433
	101,046	e	YIT Oyj		776
	26,400		Yokogawa Bridge Holdings Corp		370
	669,000	e	Yoma Strategic Holdings Ltd		325
	2,774,000	e	Yuanda China Holdings Ltd		160
	15,800		Yuasa Trading Co Ltd		306
	170,000		Yungshin Construction & Development Co Ltd		359

36

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	384,000		Yungtay Engineering Co Ltd	$	886
	114,000		Yurtec Corp		558
	9,400		Yushin Precision Equipment Co Ltd		205
	48,785	e	Zardoya Otis S.A.		605
	9,407		Zehnder Group AG.		363
	2,048,895		Zhuzhou CSR Times Electric Co Ltd		7,912
	150,368		Zodiac S.A.		4,795
	3,500	e	Zuiko Corp		178
	63,155		Zumtobel AG.		1,181
			TOTAL CAPITAL GOODS		9,180,300
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	32,000	*,e	51job, Inc (ADR)		958
	205,119		ABM Industries, Inc		5,270
	181,221	e	Acacia Research (Acacia Technologies)		2,805
	414,513	*	ACCO Brands Corp		2,860
	104,746		Adcorp Holdings Ltd		292
	1,247,434		Adecco S.A.		84,328
	97,493		Administaff, Inc		2,665
	778,659	e	ADT Corp		27,611
	109,022	*	Advisory Board Co		5,079
	66,100		Aeon Delight Co Ltd		1,607
	136,728		AF AB		2,078
	101,764		Aggreko plc		2,547
	16,606		Akka Technologies S.A.		562
	289,150	e	ALS Ltd		1,331
	9,957		Amadeus Fire AG		695
	77,125		American Banknote S.A.		1,207
	105,170		American Ecology Corp		4,918
	155,358	*	ARC Document Solutions, Inc		1,258
	16,644		Assystem		350
	232,957		Atkins WS plc		4,961
	373,359		Babcock International Group		6,588
	51,538		Barrett Business Services, Inc		2,035
	15,100		Benefit One, Inc		141
	15,751		Bertrandt AG.		2,010
	144,250	e	BFI Canada Ltd		3,711
	45,693		Bilfinger Berger AG.		2,898
	38,100	e	Black Diamond Group Ltd		810
	314,229		Blue Label Telecoms Ltd		254
	179,201		Brady Corp (Class A)		4,021
	2,015,278		Brambles Ltd		16,765
	179,247		Brink’s Co		4,309
	56,907		Brunel International NV		1,303
	227,465		Bureau Veritas S.A.		5,027
	363,417	e	Cabcharge Australia Ltd		1,734
	165,665		Cape plc		761
	688,016		Capita Group plc		12,952
	1,882,000	*	Capital Environment Holdings Ltd		148
	120,899	*	Casella Waste Systems, Inc (Class A)		465
	128,863	e	Caverion Corp		985
	133,489	*	CBIZ, Inc		1,051

37

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	53,506		CDI Corp	$	777
	76,312	e	Ceco Environmental Corp		1,023
	187,157	*,e	Cenveo, Inc		462
	15,011		Cewe Color Holding AG.		991
	7,821,659		China Everbright International Ltd		10,342
	379,801		Cintas Corp		26,810
	337,700		Civeo Corp		3,921
	34,429	*	Clean Harbors, Inc		1,856
	67,000		Cleanaway Co Ltd		336
	1,090,657	e	CNH Industrial NV (NYSE)		8,649
	21,900		Contax Participacoes S.A.		137
	243,707	*	Copart, Inc		7,632
	140,274		Corporate Executive Board Co		8,426
	61,383	*,e	Corporate Resource Services, Inc		92
	345,560		Corrections Corp of America		11,873
	293,843		Covanta Holding Corp		6,235
	36,481	*	CRA International, Inc		928
	103,002		Credit Corp Group Ltd		873
	709,740		Dai Nippon Printing Co Ltd		7,122
	35,800		Daiseki Co Ltd		667
	387,585		Davis Service Group plc		6,142
	244,713		De La Rue plc		1,888
	164,975		Deluxe Corp		9,100
	261,107		Derichebourg		690
	31,000	e	DirectCash Payments, Inc		447
	432,272		Downer EDI Ltd		1,667
	94,187		Dun & Bradstreet Corp		11,064
	43,998		Duskin Co Ltd		719
	394,755		Eastern Media International Corp		133
	2,090,662		Edenred		51,516
	9,500		en-japan, Inc		185
	96,526		Ennis, Inc		1,271
	236,765		Equifax, Inc		17,696
	850,487		Experian Group Ltd		13,515
	61,246		Exponent, Inc		4,341
	35,327	*	Franklin Covey Co		692
	147,404	*	FTI Consulting, Inc		5,153
	15,463,000	m	Fung Choi Media Group Ltd		873
	73,804		G & K Services, Inc (Class A)		4,087
	62,261		Gategroup Holding AG.		1,338
	7,595		GL Events		143
	46,467	*	GP Strategies Corp		1,335
	9,963,633		Group 4 Securicor plc		40,402
	2,690	e	Groupe CRIT		146
	40,098	e	Gunnebo AB		205
	9,154,514		Hays plc		17,177
	214,278	e	Healthcare Services Group		6,131
	69,122		Heidrick & Struggles International, Inc		1,420
	27,740	*	Heritage-Crystal Clean, Inc		412
	174,963		Herman Miller, Inc		5,223
	68,083	*	Hill International, Inc		272
	170,249		HNI Corp		6,127

38

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	444,222		Homeserve plc	$	2,302
	98,500	e	Horizon North Logistics, Inc		447
	114,400	*	Huron Consulting Group, Inc		6,975
	72,977	*	ICF International, Inc		2,247
	619,270	*	ICO Global Communications Holdings Ltd		830
	209,583	*	IHS, Inc (Class A)		26,238
	130,197	*,e	Innerworkings, Inc		1,053
	198,120		Interface, Inc		3,198
	138,819		Intertek Group plc		5,883
	376,134		Intrum Justitia AB		10,574
	335,227	e	Iron Mountain, Inc		10,945
	659,932		ITE Group plc		1,808
	32,600		Itoki Corp		200
	3,030		Kaba Holding AG.		1,407
	65,703		KAR Auction Services, Inc		1,881
	23,000		KD Holding Corp		125
	103,445		Kelly Services, Inc (Class A)		1,621
	32,667		KEPCO Plant Service & Engineering Co Ltd		2,585
	79,397		Kforce, Inc		1,554
	641,800		K-Green Trust		523
	141,928		Kimball International, Inc (Class B)		2,136
	150,772		Knoll, Inc		2,610
	208,600		Kokuyo Co Ltd		1,682
	228,813	*	Korn/Ferry International		5,697
	204,000		Kyodo Printing Co Ltd		729
	115,164		Loomis AB		3,283
	325,736		Manpower, Inc		22,834
	15,462		Matsuda Sangyo Co Ltd		181
	94,126		McGrath RentCorp		3,219
	55,491	e	McMillan Shakespeare Ltd		502
	138,900		Mears Group plc		980
	28,700		Meitec Corp		853
	445,568		Michael Page International plc		3,010
	630,159	e	Mineral Resources Ltd		4,787
	49,179	*	Mistras Group, Inc		1,003
	645,182		Mitie Group		3,001
	17,572		Mitsubishi Pencil Co Ltd		566
	169,334		Mobile Mini, Inc		5,922
	138,091	*,e	Moleskine S.p.A		209
	94,860	e	Morneau Sobeco Income Fund		1,364
	40,200		Moshi Moshi Hotline, Inc		381
	131,067		MSA Safety, Inc		6,475
	40,766	e	Multi-Color Corp		1,854
	186,046	*	Navigant Consulting, Inc		2,588
	49,807		Newalta, Inc		982
	889,814		Nielsen Holdings NV		39,445
	70,500		Nihon M&A Center, Inc		2,045
	7,200		Nippon Kanzai Co Ltd		191
	26,060	*,e	Nissha Printing Co Ltd		384
	22,588		NL Industries, Inc		166
	31,700		Nomura Co Ltd		294
	149,400		Okamura Corp		1,132

39

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	266,678	*	On Assignment, Inc	$	7,160
	68,368		Oyo Corp		1,163
	84,200		Park24 Co Ltd		1,344
	29,500	*,e	Paylocity Holding Corp		580
	43,800		PayPoint plc		698
	188,366	*	Performant Financial Corp		1,522
	15,100		Pilot Corp		859
	2,332,499		Pitney Bowes, Inc		58,289
	117,418		Proffice AB		365
	312,940		Programmed Maintenance Services Ltd		756
	17,300		PRONEXUS, Inc		122
	715,922	e	Prosegur Cia de Seguridad S.A.		4,441
	6,569,600	*	PT Hanson International Tbk		334
	112,424		Quad		2,164
	36,061	*,e	Quest Resource Holding Corp		62
	1,049,755		R.R. Donnelley & Sons Co		17,279
	109,118		Randstad Holdings NV		5,070
	310,586		Recall Holdings Ltd		1,525
	712,567		Regus plc		1,953
	4,077,501		Rentokil Initial plc		7,762
	624,013		Republic Services, Inc		24,349
	168,108		Resources Connection, Inc		2,343
	121,100	e	Ritchie Bros Auctioneers, Inc		2,715
	1,198,670		Robert Half International, Inc		58,735
	156,222		Rollins, Inc		4,574
	289,162		RPS Group plc		1,224
	333,311	*	RPX Corp		4,576
	20,267		S1 Corp (Korea)		1,564
	718,277		SAI Global Ltd (New)		2,550
	25,900	*,e	Sanix, Inc		169
	30,052		Sato Corp		846
	3,289		Seche Environnement S.A.		95
	306,083		Secom Co Ltd		18,235
	425,338		Securitas AB (B Shares)		4,711
	803,387	e	Seek Ltd		11,367
	608,945	e	Serco Group plc		2,824
	4,858		SGS S.A.		10,051
	214,100		Shanghai Youngsun Investment C		255
	476,819		Shanks Group plc		692
	91,650		Shenzhen Dongjiang Environmental Co Ltd		373
	198,533		Skilled Group Ltd		391
	53,583		Societe BIC S.A.		6,907
	55,700	e	Sohgo Security Services Co Ltd		1,310
	50,363	*	SP Plus Corp		955
	69,107		Sporton International, Inc		353
	104,693		Stantec, Inc		6,850
	369,497		Steelcase, Inc (Class A)		5,982
	491,621	*	Stericycle, Inc		57,303
	373,520		Taiwan Secom Co Ltd		1,031
	370,670		Taiwan-Sogo Shinkong Security Corp		494
	59,933	*	Team, Inc		2,272
	271,705		Teleperformance		16,805

40

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	43,800		Temp Holdings Co Ltd	$	1,333
	249,480		Tetra Tech, Inc		6,232
	386,000		Tianjin Capital Environmental Protection Group Co Ltd		279
	223,941		Tomra Systems ASA		1,708
	140,200		Toppan Forms Co Ltd		1,445
	405,829		Toppan Printing Co Ltd		2,917
	112,420		Towers Watson & Co		11,186
	128,494	e	Tox Free Solutions Ltd		299
	135,730	e	Transcontinental, Inc		1,775
	1,793,191	*	Transfield Services Ltd		2,326
	1,528,275		Transpacific Industries Group Ltd		1,091
	70,309	*	TriNet Group, Inc		1,810
	244,736	*	TrueBlue, Inc		6,182
	3,408,071		Tyco International Ltd		151,898
	55,631		Unifirst Corp		5,373
	315,000	e	United Envirotech Ltd		334
	144,264		United Stationers, Inc		5,420
	63,940		USG People NV		758
	292,599	e	Veda Group Ltd		599
	889,061	*	Verisk Analytics, Inc		54,135
	76,720		Viad Corp		1,584
	15,006		VSE Corp		736
	162,371	*	WageWorks, Inc		7,393
	310,422		Waste Connections, Inc		15,062
	990,270		Waste Management, Inc		47,068
	5,100		Weathernews, Inc		145
	126,805	e	West Corp		3,736
	654,735		Yem Chio Co Ltd		365
	737,687	e	Yumeshin Holdings Co Ltd		5,697
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		1,440,148
CONSUMER DURABLES & APPAREL - 1.9%
	973,000	e	361 Degrees International Ltd		268
	1,143,000		Ability Enterprise Co Ltd		648
	30,061	*	Accell Group NV		496
	252,419		Adidas-Salomon AG.		18,834
	179,430		Aksa Akrilik Kimya Sanayii		540
	254,100		Alpine Electronics, Inc		4,196
	391,940		Altek Corp		331
	133,547		Amer Sports Oyj (A Shares)		2,674
	2,562,949		AmTRAN Technology Co Ltd		1,559
	3,265,586	e	Anta Sports Products Ltd		6,636
	549,458		Arcelik AS		2,931
	60,804		Arctic Cat, Inc		2,117
	48,900		Arezzo Industria e Comercio S.A.		583
	217,400	e	Aruze Corp		3,559
	365,166		Arvind Ltd		1,748
	125,451		Asics Corp		2,829
	2,501,741		Avermedia Technologies		966
	23,048		Bajaj Electricals Ltd		100
	97,167	*,e	Bang & Olufsen AS (B Shares)		935
	1,193,017		Barratt Developments plc		7,629

41

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,679		Basic House Co Ltd	$	312
	13,462		Bata India Ltd		288
	89,043	*	Beazer Homes USA, Inc		1,494
	335,522		Bellway plc		8,481
	54,876	*,e	Beneteau S.A.		877
	340,992		Berkeley Group Holdings plc		12,385
	3,903		Bijou Brigitte AG.		271
	647,049	*,e	Billabong International Ltd		397
	81,696		Bizlink Holdings Inc		336
	83,688	*,e	Black Diamond, Inc		633
	90,653		Bombay Dyeing & Manufacturing Co Ltd		101
	3,355,300	e	Bosideng International Holdings Ltd		483
	133,141		Bovis Homes Group plc		1,673
	324,292	*	Brookfield Incorporacoes S.A.		203
	37,000	*	BRP, Inc		799
	20,253	e	Brunello Cucinelli S.p.A		420
	316,052		Brunswick Corp		13,318
	262,826		Burberry Group plc		6,411
	285,439		Callaway Golf Co		2,067
	257,826		Carter’s, Inc		19,987
	183,119	e	Casio Computer Co Ltd		3,060
	26,069	*	Cavco Industries, Inc		1,773
	108,000		Cecep Costin New Materials Grp Ltd		45
	380,200	*	Chengde Nanjiang Co Ltd		152
	3,665,400	e	China Dongxiang Group Co		688
	1,149,000	e	China Lilang Ltd		806
	24,000		Chofu Seisakusho Co Ltd		653
	37,626		Christian Dior S.A.		6,303
	22,600		Cia Providencia Industria e Comercio S.A.		76
	837,331		Cie Financiere Richemont S.A.		68,444
	2,182,000	*,e	Citychamp Watch & Jewellery Group Ltd		326
	109,000	*,e	Clarion Co Ltd		478
	56,900		Cleanup Corp		492
	192,035		Coach, Inc		6,838
	104,731	e	Columbia Sportswear Co		3,747
	1,676,300	*,e	Consorcio ARA, S.A. de C.V.		761
	31,600		Corona Corp		335
	654,100	*,e,m	Corp GEO S.A. de C.V. (Series B)		1
	532,722		Crest Nicholson Holdings plc		2,796
	470,513	*	CROCS, Inc		5,919
	33,658	e	CSS Industries, Inc		816
	32,120	e	Culp, Inc		583
	1,312,758		Cyrela Brazil Realty S.A.		6,623
	21,500		Daidoh Ltd		107
	47,500		Daikoku Denki Co Ltd		836
	147,351	*	Deckers Outdoor Corp		14,320
	129,470		De’Longhi S.p.A.		2,594
	40,590		Descente Ltd		350
	320,300		Direcional Engenharia S.A.		1,306
	45,406	*,e	Dixie Group, Inc		394
	37,233		Dorel Industries, Inc (Class B)		1,112
	2,451,893		DR Horton, Inc		50,313

42

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	292,095		Eclat Textile Co Ltd	$	2,652
	66,000		E-Lead Electronic Co Ltd		132
	1,174,105		Electrolux AB (Series B)		30,926
	224,000		Embry Holdings Ltd		111
	34,931		Escalade, Inc		421
	94,839	e	Ethan Allen Interiors, Inc		2,162
	555,500		Even Construtora e Incorporadora S.A.		1,237
	136,900		Ez Tec Empreendimentos e Participacoes S.A.		1,175
	814,601		Feng TAY Enterprise Co Ltd		2,267
	61,400		Fields Corp		900
	9,395		Fila Korea Ltd		1,051
	17,933		Flexsteel Industries, Inc		605
	3,892		Forbo Holding AG.		3,977
	626,852		Formosa Taffeta Co Ltd		615
	70,667		Forus S.A.		299
	230,138	*	Fossil Group, Inc		21,610
	21,391		Foster Electric Co Ltd		308
	157,000		France Bed Holdings Co Ltd		271
	201,600		Fuguiniao Co Ltd		240
	94,000	e	Fujibo Holdings Inc		276
	91,000		Fujitsu General Ltd		1,118
	23,400	*	Funai Electric Co Ltd		240
	2,468,700		Gafisa S.A.		2,985
	166,592	e	Garmin Ltd		8,661
	84,638	e	Geox S.p.A.		281
	35,364	e	Gerry Weber International AG.		1,393
	674,379		Giant Manufacturing Co Ltd		5,251
	57,200	*	G-III Apparel Group Ltd		4,740
	109,653		Gildan Activewear, Inc		5,999
	5,440,000	*	Global Brands Group Holding Ltd		1,198
	28,000		Goldwin, Inc		144
	859,000		Goodbaby International Holding		371
	216,344	*	GoPro, Inc		20,271
	254,130	e	GUD Holdings Ltd		1,503
	940,000		Gunze Ltd		2,641
	1,345,983		Haier Electronics Group Co Ltd		3,530
	13,735		Handsome Co Ltd		424
	802,266		Hanesbrands, Inc		86,195
	34,545		Hansae Co Ltd		1,207
	27,209		Hanssem Co Ltd		2,949
	425,531		Harman International Industries, Inc		41,719
	2,346,498	e	Hasbro, Inc		129,046
	666,600		Haseko Corp		5,151
	234,248		Hefei Meiling Co Ltd		160
	41,600		Heiwa Corp		822
	342,050		Helbor Empreendimentos S.A.		743
	120,668	*	Helen of Troy Ltd		6,338
	885,000	*	Hisense Kelon Electrical Holdings Co Ltd		931
	1,150,000		Hosa International Ltd		425
	431,924	*,e	Hovnanian Enterprises, Inc (Class A)		1,585
	70,055		Hugo Boss AG.		8,733
	337,547		Husqvarna AB (B Shares)		2,380

43

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	70,429		Huvis Corp	$	813
	7,327		IC Companys AS		200
	160,700	*	Iconix Brand Group, Inc		5,936
	104,182		Iida Group Holdings Co Ltd		1,274
	1,000		Ilshin Spinning Co Ltd		154
	34,007		Indesit Co S.p.A.		458
	26,625	*,e	Installed Building Products Inc		374
	89,528	*,e	iRobot Corp		2,726
	69,795	*,e	Jakks Pacific, Inc		496
	91,000		Japan Vilene Co Ltd		502
	53,000		Japan Wool Textile Co Ltd		366
	2,385,722	*	Jarden Corp		143,406
	193,999	*	Jinshan Development & Construction Co Ltd		142
	269,026		JM AB		8,578
	103,020		Johnson Health Tech Co Ltd		256
	18,637		Johnson Outdoors, Inc		483
	127,000	e	JVC KENWOOD Holdings, Inc		317
	363,571	*	Kate Spade & Co		9,536
	261,755	e	KB Home		3,911
	1,172,000		Kinpo Electronics		556
	35,150		KMC Kuei Meng International In		151
	804,000		Konka Group Co Ltd		336
	505,000		Kurabo Industries Ltd		857
	252,800		Kwong Fong Industries		136
	928		Kyungbang Ltd		145
	487,720		Lao Feng Xiang Co Ltd		1,457
	248,369		La-Z-Boy, Inc		4,915
	892,000		Le Saunda Holdings		411
	97,776		Lealea Enterprise Co Ltd		30
	235,156	*,e	Leapfrog Enterprises, Inc		1,409
	63,761		Leggett & Platt, Inc		2,227
	135,861	e	Lennar Corp (Class A)		5,276
	114,986		LG Electronics, Inc		7,151
	56,702		LG Fashion Corp		1,879
	50,294	*,e	LGI Homes, Inc		923
	1,064,250	*,e	Li Ning Co Ltd		562
	419,491	*	Li Peng Enterprise Co Ltd		153
	62,413	*	Libbey, Inc		1,639
	38,465		Lifetime Brands, Inc		589
	11,856	*	LiHOM-CUCHEN Co Ltd		170
	849		LPP S.A.		2,535
	290,652	*,e	Lululemon Athletica, Inc		12,210
	3,232,000	*	Lung Cheong International Holdings Ltd		403
	646,200		Luthai Textile Co Ltd		897
	264,483		Luxottica Group S.p.A.		13,747
	257,497		LVMH Moet Hennessy Louis Vuitton S.A.		41,813
	90,424	*	M/I Homes, Inc		1,792
	2,981		Maisons France Confort		110
	221,951		Makalot Industrial Co Ltd		1,127
	41,733	*	Malibu Boats Inc		773
	988,800		Man Wah Holdings Ltd		1,452
	6,442	*,m	Mariella Burani S.p.A.		0	^

44

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	33,007	e	Marine Products Corp	$	260
	7,600		Mars Engineering Corp		134
	1,719,547		Matsushita Electric Industrial Co Ltd		20,494
	199,888		Mattel, Inc		6,127
	424,400		MC Group PCL		242
	2,583,900		MC Group PCL (ADR)		1,473
	142,336	e	MDC Holdings, Inc		3,604
	245,587		Merida Industry Co Ltd		1,710
	145,001	*	Meritage Homes Corp		5,148
	1,365,086	*	Michael Kors Holdings Ltd		97,454
	32,200		Misawa Homes Co Ltd		327
	73,000		Mitsui Home Co Ltd		327
	90,000		Mizuno Corp		477
	98,508	*	Mohawk Industries, Inc		13,281
	716,855		Moncler S.p.A		10,212
	116,566		Movado Group, Inc		3,854
	1,063,565		MRV Engenharia e Participacoes S.A.		3,567
	40,804	e	Mulberry Group plc		513
	17,074		Nacco Industries, Inc (Class A)		849
	254,222		Namco Bandai Holdings, Inc		6,540
	42,000		Nan Liu Enterprise Co Ltd		189
	149,327	*	Nautilus, Inc		1,787
	35,134	*,e	New Home Co Inc		474
	40,337		New Wave Group AB (B Shares)		184
	2,269,220		Newell Rubbermaid, Inc		78,084
	258,129		Nien Hsing Textile Co Ltd		224
	2,779,862		Nike, Inc (Class B)		247,964
	207,449	e	Nikon Corp		3,000
	113,122		Nobia AB		984
	39,802	*	NVR, Inc		44,977
	647,531		Onward Kashiyama Co Ltd		4,043
	54,362		Oriental Weavers		372
	43,684		Oxford Industries, Inc		2,664
	1,533,637		Pacific Textile Holdings Ltd		1,894
	8,462		Page Industries Ltd		1,089
	264,000		PanaHome Corp		1,836
	144,383		Pandora AS		11,273
	1,410,098	*	PDG Realty S.A.		634
	402,000	*,m	Peace Mark Holdings Ltd		0	^
	1,696,000		Peak Sport Products Co Ltd		487
	15,899		Pegas Nonwovens S.A.		481
	500,000	*	Performance Sports Group Ltd		8,035
	61,700	*	Performance Sports Group Ltd (Canada)		1,003
	47,063		Perry Ellis International, Inc		958
	371,992		Persimmon plc		8,004
	426,952		Phillips-Van Heusen Corp		51,725
	132,000	*	PIK Group (GDR)		387
	452,200	*	Pioneer Corp		1,243
	8,104,857		Playmates Holdings Ltd		7,664
	556,000	e	Playmates Toys Ltd		128
	243,362		Polaris Industries, Inc		36,453
	136,076		Pool Corp		7,337

45

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	453,500	e	Ports Design Ltd	$	180
	2,188,935		Pou Chen Corp		2,432
	5,900		Pressance Corp		165
	1,180,200	e	Prime Success International Group Ltd		597
	8,993,200		PT Sri Rejeki Isman Tbk		96
	2,866,790		Pulte Homes, Inc		50,628
	452,982	*,e	Quiksilver, Inc		779
	191,182		Rajesh Exports Ltd		415
	63,511		Ralph Lauren Corp		10,462
	77,215		Raymond Ltd		544
	220,284		Redrow plc		1,002
	98,500		Restoque Comercio e Confeccoes de Roupas S.A.		330
	26,366		Rinnai Corp		2,188
	30,800		Rodobens Negocios Imobiliarios S.A.		126
	344,556	*	Rossi Residencial S.A.		152
	1,630,562		Ruentex Industries Ltd		3,624
	179,766		Ryland Group, Inc		5,975
	30,961	*,e	Safilo Group S.p.A.		421
	50,160		Salvatore Ferragamo Italia S.p.A		1,373
	1,045,000		Sampo Corp		433
	1,227,000		Samson Holding Ltd		163
	33,776		Sangetsu Co Ltd		850
	89,521		Sankyo Co Ltd		3,208
	122,400		Sanyo Electric Taiwan Co Ltd		139
	320,000		Sanyo Shokai Ltd		704
	22,414		SEB S.A.		1,690
	463,821	e	Sega Sammy Holdings, Inc		7,468
	146,000		Seiko Holdings Corp		640
	1,203,330		Seiren Co Ltd		10,761
	838,469		Sekisui Chemical Co Ltd		9,636
	1,611,471		Sekisui House Ltd		18,992
	53,875	*,e	Sequential Brands Group, Inc		673
	455,400	*	Shanghai Haixin Group Co		240
	212,802	*	Sharp Corp		605
	710,493	e	Shenzhou International Group Holdings Ltd		2,284
	69,491		Shimano, Inc		8,453
	263,000		Shinkong Textile Co Ltd		335
	556,000		Sitoy Group Holdings Ltd		450
	225,553	*	Skechers U.S.A., Inc (Class A)		12,024
	99,253	*,e	Skullcandy, Inc		773
	2,011,702	*	Skyworth Digital Holdings Ltd		1,043
	162,765	*,e	Smith & Wesson Holding Corp		1,537
	774,862		Socovesa S.A.		158
	6,665,909		Sony Corp		119,635
	11,100		SRI Sports Ltd		128
	542,531	*,e	Standard-Pacific Corp		4,064
	20,400	e	Starts Corp, Inc		302
	4,877,302	e	Steinhoff International Holdings Ltd		23,359
	911,000		Stella International Holdings Ltd		2,364
	276,895	*	Steven Madden Ltd		8,924
	58,751	e	Sturm Ruger & Co, Inc		2,861
	313,654		Sumitomo Forestry Co Ltd		3,375

46

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	44,998		Swatch Group AG.	$	21,324
	255,790		Swatch Group AG. (Registered)		22,346
	121,000	*,e	Sxl Corp		130
	1,022,537		Tainan Spinning Co Ltd		606
	667,600		Taiwan Paiho Ltd		836
	82,400		Taiwan Sakura Corp		56
	216,293		Takamatsu Corp		4,046
	21,300	e	Tama Home Co Ltd		134
	15,900	e	Tamron Co Ltd		306
	2,150,298	*	Tatung Co Ltd		627
	14,444	*	Taylor Morrison Home Corp		234
	5,819,567		Taylor Woodrow plc		10,588
	546,000	*,e	TCL Multimedia Technology Holdings Ltd		194
	39,000		Technos S.A.		160
	1,008,000	e	Techtronic Industries Co		2,907
	370,200		Tecnisa S.A.		747
	535,877	*	Tempur-Pedic International, Inc		30,100
	997,500	e	Texhong Textile Group Ltd		690
	716,000		Texwinca Holdings Ltd		613
	288,469	*,e	Thomson		1,882
	2,570,000		Time Watch Investments Ltd		426
	8,665		Titan Industries Ltd		57
	12,156	e	Tod’s S.p.A.		1,199
	7,390		Token Corp		338
	259,440	*	Toll Brothers, Inc		8,084
	99,290	*	TomTom NV		791
	55,668	e	Tomy Co Ltd		310
	40,000		Topkey Corp		193
	84,000		Toung Loong Textile Manufacturing		257
	2,182,698	*	TRI Pointe Homes, Inc		28,244
	8,344	*	Trigano S.A.		190
	1,198,000		Trinity Ltd		330
	261,300		TSI Holdings Co Ltd		1,832
	4,870		TTK Prestige Ltd		321
	290,771	*	Tumi Holdings, Inc		5,917
	101,206		Tupperware Corp		6,987
	17,609	*,e	Turtle Beach Corp		135
	26,589	*	UCP, Inc (Class A)		318
	137,012	*	Under Armour, Inc (Class A)		9,468
	54,671	*	Unifi, Inc		1,416
	624,000	*,e	Unitika Ltd		291
	93,050	*	Universal Electronics, Inc		4,594
	591,479	*,e,m	Urbi Desarrollos Urbanos S.A. de C.V		52
	22,476		Vardhman Textiles Ltd		161
	62,985	*,e	Vera Bradley, Inc		1,303
	100,291	*	Vestel Elektronik Sanayi		277
	1,488,387		VF Corp		98,278
	43,972		Videocon Industries Ltd		119
	53,314	*	Vince Holding Corp		1,613
	267,627		Wacoal Holdings Corp		2,604
	42,884	*,e	WCI Communities, Inc		791
	343,000	e	Weiqiao Textile Co		171

47

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,226,000		Welling Holding Ltd	$	522
	14,400	e	West Holdings Corp		156
	23,749		Weyco Group, Inc		596
	184,228		Whirlpool Corp		26,833
	50,773	*	Whirlpool of India Ltd		362
	65,235	*	William Lyon Homes, Inc		1,442
	308,757	e	Wolverine World Wide, Inc		7,737
	22,668	*	Woongjin Chemical Co Ltd		299
	223,346		Woongjin Coway Co Ltd		17,813
	323,131		Wuxi Little Swan Co Ltd		476
	1,798,000		XTEP International Holdings		813
	203,688		Yamaha Corp		2,663
	63,000		YGM Trading Ltd		140
	17,000		Yondoshi Holdings, Inc		341
	23,604		Youngone Corp		1,364
	11,188		Youngone Holdings Co Ltd		1,070
	1,051,907		Yue Yuen Industrial Holdings		3,178
	166,764		Zeng Hsing Industrial Co Ltd		845
	11,000		Zhonglu Co Ltd		13
	250,596		Zig Sheng Industrial Co Ltd		73
			TOTAL CONSUMER DURABLES & APPAREL		2,395,949
CONSUMER SERVICES - 1.9%
	35,618	*,e	2U, Inc		555
	591,380		888 Holdings plc		1,243
	87,000	*	Abril Educacao S.A.		460
	2,787,489		Accor S.A.		123,453
	128,300	e	Accordia Golf Co Ltd		1,347
	800,000	*	Accordia Golf Trust		571
	588,058		Advtech Ltd		431
	108,655	e	Ainsworth Game Technology Ltd		288
	591,000		Ajisen China Holdings Ltd		467
	536,102	e	Alsea SAB de C.V.		1,696
	70,100	*	Amaya Gaming Group, Inc		1,937
	353,000		Ambassador Hotel		321
	52,889	*	American Public Education, Inc		1,427
	307,483	*	Apollo Group, Inc (Class A)		7,733
	2,261,150		ARAMARK Holdings Corp		59,468
	1,360,006		Aristocrat Leisure Ltd		6,954
	50,662	*	Ascent Media Corp (Series A)		3,050
	44,000	e	Atom Corp		237
	126,285	*	Autogrill S.p.A.		991
	79,254	*	Bally Technologies, Inc		6,396
	2,412,378	*	Belmond Ltd.		28,128
	64,767		Benesse Corp		2,125
	620,627		Berjaya Sports Toto BHD		722
	16,300	e	Best Bridal Inc		136
	175,502		BETFAIR Group Ltd		3,323
	108,907		Betsson AB		3,854
	36,800	*	BHG S.A.-Brazil Hospitality Group		270
	84,401	*	BJ’s Restaurants, Inc		3,038
	14,030,800	*	Bloomberry Resorts Corp		4,214

48

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	315,275	*	Bloomin’ Brands, Inc	$	5,782
	89,894	e	Bob Evans Farms, Inc		4,256
	425,701	*,e	Boyd Gaming Corp		4,325
	57,882	*	Bravo Brio Restaurant Group, Inc		751
	62,528	*	Bridgepoint Education, Inc		698
	91,432	*	Bright Horizons Family Solutions		3,846
	358,988		Brinker International, Inc		18,233
	85,150	*	Buffalo Wild Wings, Inc		11,433
	3,045,354	e	Burger King Worldwide, Inc		90,325
	161,330	*,e	Caesars Acquisition Co		1,528
	181,304	*,e	Caesars Entertainment Corp		2,281
	736,000		Cafe de Coral Holdings Ltd		2,491
	64,987		Capella Education Co		4,068
	252,385	*	Career Education Corp		1,282
	1,901,173		Carnival Corp		76,370
	81,934	e	Carnival plc		3,263
	57,086		Carriage Services, Inc		989
	152,853	*	Carrols Restaurant Group, Inc		1,087
	74,582	e	CBRL Group, Inc		7,696
	888,800		Central Plaza Hotel PCL		1,098
	1,514,040		Century City International		113
	163,023	e	Cheesecake Factory		7,418
	267,535	*,e	Chegg, Inc		1,669
	7,100,000	e	China LotSynergy Holdings Ltd		629
	6,718,000		China Travel International Inv HK		1,984
	202,040	*	Chipotle Mexican Grill, Inc (Class A)		134,678
	33,688		Choice Hotels International, Inc		1,752
	42,900		Churchill Downs, Inc		4,183
	542,024	*,e	Chuy’s Holdings, Inc		17,014
	8,123		Cie des Alpes		162
	68,976		City Lodge Hotels Ltd		752
	19,164	*	Club Mediterranee S.A.		546
	78,907		ClubCorp Holdings, Inc		1,565
	18,997	e	Collectors Universe		418
	52,300	e	Colowide Co Ltd		616
	319,918		Compass Group plc		5,160
	164,725	e	Consumers’ Waterheater Income Fund		2,021
	128,688		Corporate Travel Management Lt		823
	46,565		Cox & Kings India Ltd		237
	2,474		Credu Corp		154
	710,574		Crown Ltd		8,580
	162,900		CVC Brasil Operadora e Agencia de Viagens S.A.		1,038
	70,000		Dahan Development Corp		194
	8,100	e	Daisyo Corp		99
	1,567,058	e	Darden Restaurants, Inc		80,641
	619,105	*	Del Frisco’s Restaurant Group, Inc		11,850
	461,561	*	Denny’s Corp		3,245
	321,905		DeVry, Inc		13,781
	170,688	*	Diamond Resorts International, Inc		3,885
	68,559		Dignity plc		1,628
	56,926		DineEquity, Inc		4,645
	10,362		DO & CO AG.		674

49

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	63,974		Domino’s Pizza Enterprises Ltd	$	1,466
	218,484		Domino’s Pizza UK & IRL plc		2,009
	33,414		Domino’s Pizza, Inc		2,572
	26,900		Doutor Nichires Holdings Co Ltd		426
	61,337		Dunkin Brands Group, Inc		2,749
	2,585,400	e	Dynam Japan Holdings Co Ltd		6,765
	18,607,491		Echo Entertainment Group Ltd		53,326
	74,112	*,e	Education Management Corp		81
	157,628		EIH Ltd		254
	30,327		Einstein Noah Restaurant Group, Inc		611
	20,213	*	El Pollo Loco Holdings, Inc		726
	1,440,000		Emperor Entertainment Hotel Ltd		394
	55,681	*,e	Empire Resorts, Inc		374
	489,509	*	Enterprise Inns plc		984
	1,474,000		Erawan Group PCL		224
	709,300		Estacio Participacoes S.A.		7,372
	18,489	*	Euro Disney SCA		81
	3,438,693		Extended Stay America, Inc		81,635
	119,658		Famous Brands Ltd		1,042
	13,982	*,e	Famous Dave’s of America, Inc		376
	113,931	*	Fiesta Restaurant Group, Inc		5,660
	277,330		First Hotel		183
	153,410	e	Flight Centre Ltd		5,738
	38,693		Formosa International Hotels Corp		410
	58,627		Fortuna Entertainment Group NV		327
	199,000		Fu Shou Yuan International Group Ltd		104
	53,000	e	Fuji Kyuko Co Ltd		602
	59,000		Fujita Kanko, Inc		199
	730,066	e	G8 Education Ltd		3,265
	33,000		GAEC Educacao S.A.		399
	2,060,155		Galaxy Entertainment Group Ltd		11,961
	2,407,206		Genting BHD		6,960
	42,700,328		Genting International plc		38,136
	60,000		Gourmet Master Co Ltd		494
	1,234		Graham Holdings Co		863
	136,441	*	Grand Canyon Education, Inc		5,563
	32,750		Grand Korea Leisure Co Ltd		1,298
	83,857	*	Great Canadian Gaming Corp		1,381
	217,347		Greene King plc		2,759
	175,274	e	GTECH S.p.A.		4,148
	462,000		GuocoLeisure Ltd		350
	1,257,418		H&R Block, Inc		38,993
	9,453		Hana Tour Service, Inc		617
	1,297,569	*	Hilton Worldwide Holdings, Inc		31,959
	23,200		Hiramatsu Inc		135
	182,700		HIS Co Ltd		4,876
	283,400	*	Home Inns & Hotels Management, Inc (ADR)		8,216
	37,250		Hotel Shilla Co Ltd		4,219
	137,900	*	Hoteles City Express SAB de C.V.		253
	392,158	*	Houghton Mifflin Harcourt Co		7,624
	157,350		Huangshan Tourism Development Co Ltd		225
	201,714	*	Hyatt Hotels Corp		12,208

50

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	6,900		Ichibanya Co Ltd	$	334
	35,035	*,e	Ignite Restaurant Group, Inc		210
	513,824		Indian Hotels Co Ltd		811
	50,015		InterContinental Hotels Group plc		1,929
	82,319		International Game Technology		1,389
	55,400		International Meal Co Holdings S.A.		403
	100,047		International Speedway Corp (Class A)		3,165
	538,775		Interval Leisure Group, Inc		10,264
	294,157		Intralot S.A.-Integrated Lottery Systems & Services		595
	62,069	*,e	Intrawest Resorts Holdings Inc		600
	103,777	e	Invocare Ltd		994
	82,220	*	Isle of Capri Casinos, Inc		617
	27,067	*,e	ITT Educational Services, Inc		116
	185,237		Jack in the Box, Inc		12,631
	85,129	*	Jamba, Inc		1,211
	11,850	*	Jinmao Investments and Jinmao China Investments Holdings Ltd		9
	472,982		Jollibee Foods Corp		2,066
	48,100	e	JP-Holdings Inc/Japan		181
	114,976	*,e	K12, Inc		1,835
	414,291		Kangwon Land, Inc		14,036
	24,700	*,e	Kappa Create Co Ltd		237
	18,700	e	Kisoji Co Ltd		333
	99,000	*	KNT-CT Holdings Co Ltd		160
	22,400	e	Koshidaka Holdings Co Ltd		421
	815,333		Kosmopolito Hotels International Ltd		146
	321,569	*,e	Krispy Kreme Doughnuts, Inc		5,518
	3,180,584		Kroton Educacional S.A.		19,985
	3,349		Kuoni Reisen Holding		907
	10,000		Kura Corp		279
	8,300	e	Kyoritsu Maintenance Co Ltd		337
	178,458	*	La Quinta Holdings, Inc		3,389
	2,340,913		Ladbrokes plc		4,893
	1,214,814		Las Vegas Sands Corp		75,574
	12,463	*	Liberty Tax, Inc		403
	149,084	*,e	Life Time Fitness, Inc		7,520
	372,871	*,e	LifeLock, Inc		5,328
	2,856,000	*,e	Macau Legend Development Ltd		1,445
	1,280,325		Macquarie Leisure Trust Group		3,465
	70,240		Marcus Corp		1,110
	1,702,740		Marriott International, Inc (Class A)		119,022
	104,861	*	Marriott Vacations Worldwide Corp		6,649
	568,443		Marston’s plc		1,357
	7,300	e	Matsuya Foods Co Ltd		142
	112,067		Matthews International Corp (Class A)		4,919
	1,443,578		McDonald’s Corp		136,866
	11,764	e	McDonald’s Holdings Co Japan Ltd		291
	10,252		MegaStudy Co Ltd		659
	19,300	e	Meiko Network Japan Co Ltd		212
	8,375,400	*	Melco Crown Philippines Resorts Corp		2,455
	849,000	e	Melco International Development		1,968
	746,144		Melco PBL Entertainment Macau Ltd (ADR)		19,616

51

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,444,000	*,e	MelcoLot Ltd	$	135
	1,096,800		Merlin Entertainments plc		6,232
	1,209,700		MGM China Holdings Ltd		3,486
	671,881	*	MGM Mirage		15,305
	218,915		Millennium & Copthorne Hotels plc		2,025
	4,940,290		Minor International PCL (Foreign)		5,640
	204,237	*	Mitchells & Butlers plc		1,182
	300,000		MK Restaurants Group PCL		564
	9,783		Modetour Network, Inc		208
	37,833	*	Monarch Casino & Resort, Inc		451
	100,444	*	Morgans Hotel Group Co		811
	23,200	e	MOS Food Services, Inc		462
	13,800		MTY Food Group, Inc		406
	179,310	*	Multimedia Games, Inc		6,457
	9,236	*,e	Nathan’s Famous, Inc		625
	223,808	e	Navitas Ltd		978
	252,771		NET Holding AS		295
	181,332	*,e	NH Hoteles S.A.		885
	32,801	*,e	Noodles & Co		629
	176,200	*,e	Norwegian Cruise Line Holdings Ltd		6,347
	10,100		Ohsho Food Service Corp		390
	765,478		OPAP S.A.		10,038
	10,972	*	Orascom Development Holding AG.		212
	47,581		Oriental Land Co Ltd		8,992
	342,000		Overseas Union Enterprise Ltd		571
	22,800	e	Pacific Golf Group International Holdings KK		218
	102,679		Paddy Power plc		7,398
	15,621	*,e	Panera Bread Co (Class A)		2,542
	206,050		Papa John’s International, Inc		8,240
	1,013,873	*,a,e	Papa Murphy’s Holdings, Inc		10,341
	50,264		Paradise Co Ltd		1,643
	408,000	e	Paradise Entertainment Ltd		151
	708,929	e	PartyGaming plc		1,040
	283,891	*	Penn National Gaming, Inc		3,182
	20		Philweb Corp		0	^
	4,656	*	Pierre & Vacances		143
	180,987	*,e	Pinnacle Entertainment, Inc		4,541
	19,300		Plenus Co Ltd		444
	122,258	*	Popeyes Louisiana Kitchen, Inc		4,951
	42,831	*,e	Potbelly Corp		499
	1,839,398	*	Raffles Education Corp Ltd		468
	43,198	*	Red Robin Gourmet Burgers, Inc		2,458
	847,000	e	Regal Hotels International Holdings Ltd		513
	161,920		Regis Corp		2,584
	3,507,900		Resorts World BHD		4,469
	66,700		Resorttrust, Inc		1,492
	246,083		Restaurant Group plc		2,595
	100,681	e	Retail Food Group Ltd		435
	25,339,566	e	REXLot Holdings Ltd		2,565
	84,495	*	Rezidor Hotel Group AB		395
	15,900	e	Ringer Hut Co Ltd		244
	66,300		Round One Corp		398

52

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	707,813		Royal Caribbean Cruises Ltd	$	47,629
	25,600	e	Royal Holdings Co Ltd		413
	226,839	*	Ruby Tuesday, Inc		1,336
	207,862		Ruth’s Chris Steak House, Inc		2,295
	27,700	e	Saizeriya Co Ltd		371
	2,236,895		Sands China Ltd		11,669
	223,943	*,e	Scientific Games Corp (Class A)		2,412
	130,836		SeaWorld Entertainment, Inc		2,516
	40,300		Ser Educacional S.A.		415
	677,706		Service Corp International		14,327
	13,781	*	ServiceMaster Global Holdings, Inc		333
	308,984		Shanghai Jinjiang International Hotels Development Co Ltd		568
	2,164,000	e	Shanghai Jinjiang International Hotels Group Co Ltd		770
	136,449		Shanghai Jinjiang International Travel Co Ltd		264
	1,068,120		Shangri-La Asia Ltd		1,579
	1,536		Shinsegae Food Co Ltd		172
	248,041		Six Flags Entertainment Corp		8,530
	1,966,613		SJM Holdings Ltd		3,744
	23,372		SkiStar AB (Series B)		259
	591,904	e	Sky City Entertainment Group Ltd		1,686
	172,438		Slater & Gordon Ltd		926
	36,231	*	SM Culture & Contents Co Ltd		118
	18,907		Sodexho Alliance S.A.		1,850
	45,862	e	Sol Melia S.A.		473
	288,792	*	Sonic Corp		6,457
	182,075	e	Sotheby’s (Class A)		6,504
	44,089		Speedway Motorsports, Inc		752
	1,015,492		Spirit Pub Co plc		1,580
	144,376	e	Spur Corp Ltd		398
	7,100		St Marc Holdings Co Ltd		358
	456,000		Stamford Land Corp Ltd		203
	35,800	e	Starbucks Coffee Japan Ltd		477
	2,917,638		Starbucks Corp		220,165
	661,542		Starwood Hotels & Resorts Worldwide, Inc		55,047
	6,308	*,e	Steak N Shake Co		2,143
	53,728	*	Steiner Leisure Ltd		2,020
	60,780	*,e	Strayer Education, Inc		3,640
	136,722	e	Sun International Ltd		1,450
	2,286,800		Ta Enterprise BHD		672
	571,464		Tabcorp Holdings Ltd		1,807
	1,048,886		Tattersall’s Ltd		2,888
	209,234		Texas Roadhouse, Inc (Class A)		5,825
	1,413,933	*,e	Thomas Cook Group plc		2,720
	196,166		Tim Hortons, Inc (Toronto)		15,447
	6,064	e	Tipp24 SE		230
	171,000		Tokyo Dome Corp		721
	139,000	e	Tokyotokeiba Co Ltd		398
	15,000	e	Toridoll.corp		178
	444,000	e	Tsui Wah Holdings Ltd		165
	606,406		TUI AG.		9,030
	335,185		TUI Travel plc		2,110

53

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	66,327		Unibet Group plc (ADR)	$	3,337
	81,375		Universal Technical Institute, Inc		761
	106,032		Vail Resorts, Inc		9,199
	141,011	e	Vocation Ltd		295
	18,000	e	Watami Co Ltd		214
	81,900	e	Weight Watchers International, Inc		2,247
	94,058		Wendy’s		777
	127,483		Wetherspoon (J.D.) plc		1,649
	59,300		Whistler Blackcomb Holdings, Inc		974
	589,876		Whitbread plc		39,637
	213,417		William Hill plc		1,275
	51,220		Wowprime Corp		603
	435,057		Wyndham Worldwide Corp		35,353
	1,814,371	e	Wynn Macau Ltd		5,782
	47,778		Wynn Resorts Ltd		8,938
	812,000		Xiao Nan Guo Restaurants Holdings Ltd		115
	325,000		YBM Sisa.com, Inc		1,303
	36,000	e	Yomiuri Land Co Ltd		157
	139,300	e	Yoshinoya D&C Co Ltd		1,666
	438,950		Yum! Brands, Inc		31,596
	95,900	e	Zensho Co Ltd		849
	672,000		Zhuhai Holdings Investment Group Ltd		112
	632,396	*,e	Zoe’s Kitchen, Inc		19,452
			TOTAL CONSUMER SERVICES		2,412,991
DIVERSIFIED FINANCIALS - 4.1%
	453,743		3i Group plc		2,810
	27,553		ABC Arbitrage		163
	819,162		Aberdeen Asset Management plc		5,285
	53,805		Ackermans & Van Haaren		6,646
	313,800	*,e	Acom Co Ltd		1,050
	151,743	*	Actua Corp		2,431
	43,090	e	Aeon Credit Service Co Ltd		922
	69,000		Aeon Credit Service M BHD		328
	862,706	*	Affiliated Managers Group, Inc		172,852
	710,520		AFP Habitat S.A.		1,045
	1,389,533	e,m	African Bank Investments Ltd		1
	63,969		AGF Management Ltd		667
	287,000	*,e	Aiful Corp		1,207
	57,720		Aker ASA (A Shares)		1,893
	1,560,007		Al Waha Capital PJSC		1,277
	91,525	e	Alaris Royalty Corp		2,534
	934,828	*	Alexander Forbes Group Holdings Ltd		679
	741,311	*	Ally Financial, Inc		17,154
	61,555		Altamir Amboise		886
	3,418,665		American Express Co		299,270
	1,765,724		Ameriprise Financial, Inc		217,855
	5,828,948	*	Anima Holding S.p.A		31,894
	193,557		Apollo Management LP		4,614
	921,649		ARA Asset Management Ltd		1,264
	155,868		Arrow Global Group plc		668
	111,763		Artisan Partners Asset Management, Inc		5,817

54

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	369,145	e	Ashmore Group plc	$	1,831
	12,981	*,m	Asia Pacific Investment Partners Limited		99
	1,387,200		Asia Plus Securities PCL		168
	9,254,000		Asian Pay Television Trust		5,985
	168,700	e	Asset Managers Co Ltd		437
	20,444		Aurelius AG.		727
	200,934		Australian Stock Exchange Ltd		6,302
	25,811		Avanza AB		869
	306,956		Ayala Corp		5,056
	2,215	*,m	Ayala Corp Preferred		0	^
	99,557		Azimut Holding S.p.A.		2,506
	19,847		Bajaj Auto Finance Ltd		875
	205,971		Banca Generali S.p.A		5,427
	82,909		Banca IFIS S.p.A.		1,637
	319,925	e	Banca Profilo S.p.A.		139
	1,004,201		Bank of New York Mellon Corp		38,893
	728,415		BGC Partners, Inc (Class A)		5,412
	155,594		BinckBank NV		1,549
	417,701		BlackRock, Inc		137,140
	824,994		Blackstone Group LP		25,971
	2,400,011		BM&F Bovespa S.A.		10,972
	37,089,917		Bolsa de Valores de Colombia		438
	2,020,300		Bolsa Mexicana de Valores S.A. de C.V.		4,358
	88,214		Bolsas y Mercados Espanoles		3,356
	682,012	*,e	Brait S.A.		4,402
	387,508		Brewin Dolphin Holdings plc		1,709
	196,599		BT Investment Management Ltd		1,058
	54,547		Bure Equity AB		234
	338,700		Bursa Malaysia BHD		831
	85,438		Calamos Asset Management, Inc (Class A)		963
	321,382		Canaccord Financial, Inc		3,211
	3,011,432		Capital One Financial Corp		245,793
	1,790,300		Capital Securities Corp		588
	104,965		Cash America International, Inc		4,597
	746,081		CBOE Holdings, Inc		39,934
	66,911		Cembra Money Bank AG.		3,812
	73,601		Century Leasing System, Inc		1,958
	232,816		CETIP S.A.-Balcao Organizado de Ativos e Derivativos		2,882
	2,315,086		Chailease Holding Co Ltd		5,616
	918,723		Challenger Financial Services Group Ltd		5,717
	4,512,467		Charles Schwab Corp		132,621
	468,000	*	China Assurance Finance Group Ltd		74
	1,130,000		China Bills Finance Corp		416
	10,710,200	*,e	China Cinda Asset Management Co Ltd		4,708
	1,102,137		China Everbright Ltd		2,061
	5,200,000	e	China Galaxy Securities Co Ltd		3,617
	3,665,000	e	China LNG Group Ltd		541
	144,665	e	China Merchants China Direct Investments Ltd		231
	318,126	e	CI Financial Corp		9,593
	563,997	*	Citadel Capital Corp		345
	1,634,903	e	CITIC Securities Co Ltd		3,766
	344,064		Close Brothers Group plc		7,938

55

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	209,360		CME Group, Inc	$	16,739
	58,472	e	Cohen & Steers, Inc		2,248
	1,844,363	e	Compartamos SAB de C.V.		3,945
	87,238	*	Consumer Portfolio Services, Inc		559
	106,429	e	CorEnergy Infrastructure Trust, Inc		796
	614,924		Coronation Fund Managers Ltd		5,259
	18,103		Corp Financiera Alba		958
	72,252		Corp Financiera Colombiana S.A.		1,427
	411,487	*	Cowen Group, Inc		1,543
	35,004	*,e	Credit Acceptance Corp		4,413
	5,904		Credit Analysis & Research Ltd		143
	1,269,600	e	Credit China Holdings Ltd		276
	112,268		Credit Saison Co Ltd		2,163
	2,030,559		Credit Suisse Group		56,177
	1,826,200	e	Credito Real SAB de C.V.		5,168
	213,632		Daewoo Securities Co Ltd		2,171
	46,254		Daishin Securities Co Ltd		492
	29,060		Daishin Securities Co Ltd PF		200
	4,790,135		Daiwa Securities Group, Inc		37,989
	93,066	*,e	DeA Capital S.p.A.		169
	18,936	e	Deerfield Capital Corp		171
	808,934		Deutsche Bank AG.		28,246
	9,207	*	Deutsche Beteiligungs AG.		249
	171,000		Deutsche Boerse AG.		11,483
	10,141	e	Diamond Hill Investment Group, Inc		1,248
	1,920,629		Discover Financial Services		123,669
	2,272,488		Dubai Financial Market		2,069
	42,213	*	Dundee Corp		640
	1,252,057	*	E*Trade Financial Corp		28,284
	24,118	*	East Capital Explorer AB		155
	234,301		Eaton Vance Corp		8,840
	11,624	e	EFG Financial Products Holding AG.		2,589
	51,682	e	EFG International		520
	999,622		Egypt Kuwait Holding Co		929
	428,113	*	Egyptian Financial Group-Hermes Holding		1,110
	384,800	*	Element Financial Corp		4,666
	83,943	*,e	Encore Capital Group, Inc		3,720
	37,772		Eurazeo		2,716
	199,268		Evercore Partners, Inc (Class A)		9,366
	89,896		Exor S.p.A.		3,475
	190,538	*,e	Ezcorp, Inc (Class A)		1,888
	2,026,395		Far East Horizon Ltd		1,814
	32,487	*	FBR & Co		894
	99,300	e	Federated Investors, Inc (Class B)		2,915
	156,874	e	Financial Engines, Inc		5,367
	82,700	e	Financial Products Group Co Ltd		771
	91,078	*	First Cash Financial Services, Inc		5,099
	2,902,785		First Pacific Co		3,011
	5,965,331		FirstRand Ltd		22,700
	226,430		FlexiGroup Ltd		667
	234,302	*	FNFV Group		3,224
	133,250		Fonterra Shareholders’ Fund		655

56

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	328,487		Franklin Resources, Inc	$	17,939
	67,638	e	Friedman Billings Ramsey Group, Inc (Class A)		1,719
	8,010,286		Fubon Financial Holding Co Ltd		12,275
	27,566,699		Fuhwa Financial Holdings Co Ltd		13,582
	29,000	e	Fuyo General Lease Co Ltd		1,133
	167,310	e	FXCM, Inc		2,652
	81,492	e	Gain Capital Holdings, Inc		519
	23,932	e	GAMCO Investors, Inc (Class A)		1,693
	253,777		GFI Group, Inc		1,373
	24,024		Gimv NV		1,136
	70,095	e	Gluskin Sheff + Associates, Inc		1,837
	46,466		GMP Capital, Inc		303
	1,169,758		Goldman Sachs Group, Inc		214,732
	115,752	*	Green Dot Corp		2,447
	88,854	e	Greenhill & Co, Inc		4,131
	76,490		Groupe Bruxelles Lambert S.A.		7,006
	883	*,m	Groupe Bruxelles Lambert S.A. - (Strip VVPR)		0	^
	476,398	*	Grupo de Inversiones Suramericana S.A.		9,561
	100,318	*	Grupo de Inversiones Suramericana S.A. (Preference)		2,006
	156,800		Grupo Financiero Interacciones S.A. de C.V.		1,310
	219,610		GT Capital Holdings, Inc		5,187
	874,834	*	Gulf General Investment Co		267
	1,230,600	e	Guotai Junan International Hol		846
	1,665,489		Haci Omer Sabanci Holding AS		7,016
	4,159,512		Haitong Securities Co Ltd		6,410
	24,678		Hankook Tire Worldwide Co Ltd		491
	69,171	*	Hanwha Securities Co		262
	277,856		Hargreaves Lansdown plc		4,241
	111,651		Hellenic Exchanges S.A.		853
	2,350,603		Henderson Group plc		7,675
	199,309		HFF, Inc (Class A)		5,770
	237,700		Hitachi Capital Corp		5,716
	8,930		HMC Investment Securities Co Ltd		98
	1,258,402		Hong Kong Exchanges and Clearing Ltd		27,086
	138,396		Hyundai Securities Co		920
	27,300		IBJ Leasing Co Ltd		636
	130,489	e	ICAP plc		816
	34,300		Ichiyoshi Securities Co Ltd		411
	1,705,087		IFCI Ltd		982
	938,707		IG Group Holdings plc		9,029
	176,964	e	IGM Financial, Inc		7,632
	147,758		IMF Australia Ltd		268
	309,584		India Infoline Ltd		753
	239,229		Indiabulls Housing Finance Ltd		1,555
	18,736		Indiabulls Securities Ltd		7
	92,503		Industrivarden AB		1,610
	128,704		Infrastructure Development Finance Co Ltd		285
	19,333,463	*	ING Groep NV		274,810
	1,552,946	*,e	ING Groep NV (ADR)		22,036
	98,725		Interactive Brokers Group, Inc (Class A)		2,463
	179,983	*,m	Interbolsa S.A.		0	^
	402,471		IntercontinentalExchange Group, Inc		78,502

57

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,048,792		Intermediate Capital Group plc	$	6,660
	52,106	*,e	International Assets Holding Corp		902
	292,381		International Personal Finance plc		2,306
	64,206		Inversiones La Construccion S.A.		860
	1,310,353		Invesco Ltd		51,733
	261,765		Investec Ltd		2,194
	1,489,856		Investec plc		12,510
	136,633	*	Investment Technology Group, Inc		2,153
	746,089		Investor AB (B Shares)		26,270
	891,100	e	IOOF Holdings Ltd		6,652
	1,165,100	e	iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker		1,370
	47,319	e	iShares China Large-Cap ETF		1,811
	795,404	e	iShares MSCI Canada Index Fund		24,419
	3,792,543	d,e	iShares MSCI EAFE Index Fund		243,178
	391,449	e	iShares MSCI Emerging Markets		16,269
	51,435	e	iShares MSCI Japan Index Fund		605
	116,780	e	iShares Russell 2000 Index Fund		12,770
	84,000		Iwai Securities Co Ltd		838
	122,500		J Trust Co Ltd		1,250
	138,000		Jaccs Co Ltd		768
	68,317	*,e	Jafco Co Ltd		2,463
	550,993	e	Janus Capital Group, Inc		8,011
	1,267,800		Japan Securities Finance Co Ltd		7,417
	44,084	*	JG Wentworth Co		546
	2,163,018		Jih Sun Financial Holdings Co Ltd		575
	175,634		JSE Ltd		1,533
	252,032		Julius Baer Group Ltd		11,263
	423,930		Julius Baer Holding AG.		7,303
	368,529		Jupiter Investment Management Group Ltd		2,114
	846,000		K1 Ventures Ltd		125
	76,400		kabu.com Securities Co Ltd		374
	172,692	*	Kailash Auto Finance Ltd		71
	76,944	*,e	KBC Ancora		2,304
	172,328	*	KCG Holdings, Inc		1,746
	485,179		Kinnevik Investment AB (Series B)		17,496
	12,540		KIWOOM Securities Co Ltd		608
	44,584		Korea Investment Holdings Co Ltd		2,337
	262,900		Krungthai Card PCL		552
	26,849		Kyobo Securities Co		301
	18,900		Kyokuto Securities Co Ltd		309
	300,796	*,e	Ladenburg Thalmann Financial Services, Inc		1,275
	1,215,705		Lazard Ltd (Class A)		61,636
	812,065		Legg Mason, Inc		41,545
	640,634		Leucadia National Corp		15,273
	124,274		London Stock Exchange Group plc		3,750
	173,229		LPL Financial Holdings, Inc		7,977
	86,439		Lundbergs AB (B Shares)		3,452
	326,098		Macquarie Group Ltd		16,409
	102,505	e	Magellan Financial Group Ltd		1,130
	298,310		Mahindra & Mahindra Financial Services Ltd		1,317
	35,540,804		Man Group plc		68,145

58

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	604,895		Manappuram General Finance & Leasing Ltd	$	289
	61,897		Manning & Napier, Inc		1,039
	44,357	*,e	Marcus & Millichap, Inc		1,342
	685,085	*	Marfin Investment Group S.A		265
	178,639		MarketAxess Holdings, Inc		11,051
	29,460		Marlin Business Services Corp		540
	232,900		Marusan Securities Co Ltd		1,675
	1,695,100		Masterlink Securities Corp		557
	785,500	e	Matsui Securities Co Ltd		7,327
	997,180		McGraw-Hill Financial, Inc		84,212
	7,954,047	*	Mediobanca S.p.A.		67,958
	95,337		Meritz finance Holdings Co Ltd		763
	562,743		Meritz Securities Co Ltd		2,105
	12,290,304		Metro Pacific Investments Corp		1,340
	73,497		Mirae Asset Securities Co Ltd		3,092
	48,100		Mito Securities Co Ltd		175
	1,206,160		Mitsubishi UFJ Lease & Finance Co Ltd		6,308
	83,379		MLP AG.		464
	46,036	e	Moelis & Co		1,572
	1,694,400	e	Monex Beans Holdings, Inc		4,419
	1,703,283		Moody’s Corp		160,960
	10,862,396		Morgan Stanley		375,513
	436,500	*	MPHB Capital BHD		349
	230,043	*	MSCI, Inc (Class A)		10,817
	1,531,700	*	Mulpha International BHD		212
	1,407,500		Multi-Purpose Holdings BHD		1,287
	73,099		NASDAQ OMX Group, Inc		3,101
	1,320,946		Navient Corp		23,394
	74,976		Nelnet, Inc (Class A)		3,231
	97,836	*	NewStar Financial, Inc		1,100
	41,919		NH Investment & Securities Co Ltd		317
	4,010		NICE Holdings Co Ltd		59
	36,942		Nicholas Financial, Inc		428
	4,055,472		Nomura Holdings, Inc		24,127
	75,896		Nordnet AB (Series B)		289
	147,498		Northern Trust Corp		10,034
	328,219	*	NorthStar Asset Management Group, Inc		6,046
	3,717,866	e	NZX Ltd		3,655
	161,000		Okasan Holdings, Inc		1,146
	481	m	OKO Bank (Class A)		10
	94,552		Onex Corp		5,265
	37,184		Oppenheimer Holdings, Inc		753
	14,224	*	Oresund Investment AB		309
	343,400	*	Orient Corp		692
	3,850,290		ORIX Corp		53,155
	251,600	e	Osaka Securities Exchange Co Ltd		5,972
	720,575		OSK Holdings BHD		472
	226,360	e	OzForex Group Ltd		461
	9,118		Pargesa Holding S.A.		725
	10,241		Partners Group		2,692
	517,000	*,m	Peregrine Investment Holdings		0	^
	70,473		Perpetual Trustees Australia Ltd		2,720

59

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	208,115	*,e	PHH Corp	$	4,653
	82,264		Philippine Stock Exchange, Inc		535
	82,247	*	Pico Holdings, Inc		1,641
	284,595	*	Pioneers Holding		553
	61,026	*	Piper Jaffray Cos		3,188
	644,062	e	Platinum Asset Mangement Ltd		3,412
	326,748	e	Plus500 Ltd		2,172
	14,618		PMC Fincorp Ltd		185
	105,300	e	Pocket Card Co Ltd		636
	150,142	*	Portfolio Recovery Associates, Inc		7,842
	667,107		Power Finance Corp Ltd		2,525
	1,389,509		President Securities Corp		774
	172,655		Provident Financial plc		5,954
	1,261,390	*	PT Minna Padi Investama Tbk		69
	38,407		Pzena Investment Management, Inc (Class A)		367
	10,236	*	Qatar Industrial Manufacturing Co		134
	190,226		Ratos AB (B Shares)		1,373
	76,370		Raymond James Financial, Inc		4,092
	118,790		RCS Capital Corp (Class A)		2,675
	43,110	*,e	Regional Management Corp		774
	179,790		Reliance Capital Ltd		1,319
	25,418	*	Religare Enterprises Ltd		133
	658,375		Remgro Ltd		13,272
	50,953		Resource America, Inc (Class A)		474
	106,563	*,e	RHJ International		525
	15,100		Ricoh Leasing Co Ltd		421
	953,160		RMB Holdings Ltd		4,775
	908,000	*	Rowsley Ltd		141
	601,930		Rural Electrification Corp Ltd		2,427
	76,620	*,e	Safeguard Scientifics, Inc		1,410
	70,209		Salam International Investment Co		380
	214,607		Samsung Card Co		10,609
	71,812		Samsung Securities Co Ltd		2,997
	634,970		Santander Consumer USA Holdings, Inc		11,309
	265,800	*,e	Sawada Holdings Co Ltd		1,794
	42,227		SBI Holdings, Inc		473
	130,924		Schroders plc		5,055
	26,309		SE Investments Ltd		123
	731,131		SEI Investments Co		26,438
	5	*,m	SFCG Co Ltd		0	^
	207,945		Shriram Transport Finance Co Ltd		3,130
	512,357	*	SHUAA Capital PSC		163
	18,295	e	Silvercrest Asset Management Group, Inc		249
	951,356		Singapore Exchange Ltd		5,386
	231,254	*	SK Securities Co Ltd		201
	90,848	*	SKS Microfinance Pvt Ltd		441
	783,886		SLM Corp		6,710
	768,475	*,e,m	SNS Reaal		10
	6,063	*	Societe Fonciere Financiere et de Participations FFP		389
	519,900		Sparx Group Co Ltd		1,031
	70,425	e	SPDR S&P MidCap 400 ETF Trust		17,558
	476,464		SPDR Trust Series 1		93,873

60

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	90,875	*,e	Springleaf Holdings, Inc	$	2,902
	135,168		Sprott, Inc		343
	252,647		SREI Infrastructure Finance Ltd		193
	2,573,256		State Street Corp		189,417
	240,907	*	Stifel Financial Corp		11,296
	39,434		Sundaram Finance Ltd		833
	307,963	*	SVG Capital plc		2,049
	8,457		Swissquote Group Holding S.A.		277
	112,805	*,e	SWS Group, Inc		777
	2,092,841	*	Synchrony Financial		51,379
	306,713		T Rowe Price Group, Inc		24,046
	502,632	e	Tai Fook Securities Group Ltd		289
	413,000		Taiwan Acceptance Corp		1,058
	170,000	*,e	Takagi Securities Co Ltd		395
	184,191		Tamburi Investment Partners S.p.A.		553
	320,929		TD Ameritrade Holding Corp		10,709
	23,590	*,e	Tiptree Financial, Inc		195
	38,900		TMX Group Ltd		1,902
	323,880		Tokai Tokyo Securities Co Ltd		2,227
	109,524		Tong Yang Investment Bank		278
	69,000		Toyo Securities Co Ltd		191
	85,500	e	Tricon Capital Group, Inc		589
	216,175		Tullett Prebon plc		936
	9,135,082		UBS AG.		158,793
	999,114		UOB-Kay Hian Holdings Ltd		1,240
	116,037	*,e	Uranium Participation Corp		522
	762,000	e	Value Partners Group Ltd		555
	33,573		Virtus Investment Partners, Inc		5,832
	63,211		Vontobel Holding AG.		2,294
	183,793	*,e	Vostok Nafta Investment Ltd (ADR)		1,160
	615,957		Voya Financial, Inc		24,084
	171,686		Waddell & Reed Financial, Inc (Class A)		8,874
	135,666	*,e	Walter Investment Management Corp		2,978
	59,746		Warsaw Stock Exchange		682
	3,771,403		Waterland Financial Holdings		1,066
	30,977		Wendel		3,511
	21,476		Westwood Holdings Group, Inc		1,217
	525,458	*,e	WisdomTree Investments, Inc		5,980
	11,650		Woori Financial Co Ltd		232
	133,944		Woori Investment & Securities Co Ltd		1,495
	24,503	*,e	World Acceptance Corp		1,654
	879,752		Zeder Investments Ltd		444
	121,500		Zenkoku Hosho Co Ltd		3,394
			TOTAL DIVERSIFIED FINANCIALS		5,114,817
ENERGY - 9.0%
	537,922	*	Abraxas Petroleum Corp		2,840
	661,619		Acergy S.A.		9,448
	9,536		Adams Resources & Energy, Inc		422
	17,441,715		Adaro Energy Tbk		1,679
	475,757	*	Advantage Oil & Gas Ltd		2,417
	3,662,856	*	Afren plc		6,148

61

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	130,967		Aker Kvaerner ASA	$	527
	273,100		Alam Maritim Resources BHD		108
	182,549		Alliance Holdings GP LP		12,457
	191,276		Alon USA Energy, Inc		2,747
	918,153	*,e	Alpha Natural Resources, Inc		2,277
	171,076	e	AltaGas Income Trust		7,224
	68,817		AMEC plc		1,228
	106,704	*,e	American Eagle Energy Corp		434
	975,541	*,e	Amerisur Resources plc		894
	103,852	*,e	Amyris Biotechnologies, Inc		394
	2,089,179		Anadarko Petroleum Corp		211,926
	106,496		Anglo Pacific Group plc		227
	217,563	*,e	Antero Resources Corp		11,942
	1,168,000	e	Anton Oilfield Services Group		346
	2,586,018		Apache Corp		242,750
	29,942	*,e	APCO Argentina, Inc		386
	134,659	*,e	Approach Resources, Inc		1,953
	1,608,668	e	ARC Resources Ltd		42,445
	785,985	e	Arch Coal, Inc		1,666
	1,165,086	*	Archer Ltd		1,634
	63,484	e	Ardmore Shipping Corp		692
	6,452	*	Aspen Aerogels, Inc		65
	257,851	*,e	Athabasca Oil Corp		1,319
	190,270	*	Athlon Energy, Inc		11,079
	28,351	*	Atwood Oceanics, Inc		1,239
	1,251,671	*	Australian Worldwide Exploration Ltd		2,008
	48,137	e	Awilco Drilling plc		851
	1,794,748		Baker Hughes, Inc		116,766
	266,700		Bangchak Petroleum PCL		293
	979,201	*	Bankers Petroleum Ltd		4,713
	1,239,800		Banpu PCL (Foreign)		1,127
	148,421	*,e	Basic Energy Services, Inc		3,219
	208,838	e	Baytex Energy Trust		7,897
	6,805,155		Beach Petroleum Ltd		8,386
	187,331	*	Bellatrix Exploration Ltd		1,151
	4,337,330		BG Group plc		80,071
	476,029		Bharat Petroleum Corp Ltd		5,036
	184,879	*,e	Bill Barrett Corp		4,075
	360,217	*	Birchcliff Energy Ltd		3,413
	326,600	*	BlackPearl Resources, Inc		612
	96,783	*,e	Bonanza Creek Energy, Inc		5,507
	552,800	e	Bonavista Energy Trust		6,357
	28,526	e	Bonterra Oil & Gas Ltd		1,444
	23,506	e	Bourbon S.A.		637
	519,096		Boustead Singapore Ltd		718
	12,867,011		BP plc		94,126
	1,116,133		BP plc (ADR)		49,054
	405,226	*,e	BPZ Energy, Inc		774
	5,538,000	*,e	Brightoil Petroleum Holdings Ltd		1,728
	132,488		Bristow Group, Inc		8,903
	3,700,374		Bumi Armada BHD		2,140
	65,049		BUMI plc		73

62

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	214,940	*,e	Buru Energy Ltd	$	140
	289,930	e	BW LPG Ltd		3,659
	1,032,992		BW Offshore Ltd		1,291
	146,127	*	C&J Energy Services, Inc		4,464
	710,784		Cabot Oil & Gas Corp		23,236
	815,695	*	Cairn Energy plc		2,327
	920,343		Cairn India Ltd		4,639
	69,294	e	Calfrac Well Services Ltd		1,075
	174,885	*	Callon Petroleum Co		1,541
	153,239		Caltex Australia Ltd		3,751
	690,638	e	Cameco Corp		12,197
	505,127	e	Cameco Corp (Toronto)		8,912
	296,729	*	Cameron International Corp		19,697
	101,000	*	Canacol Energy Ltd		475
	180,600	e	Canadian Energy Services & Technology Corp		1,513
	2,283,245		Canadian Natural Resources Ltd (Canada)		88,704
	1,195,565	e	Canadian Oil Sands Trust		22,055
	87,000		CanElson Drilling, Inc		500
	59,300		Canyon Services Group, Inc		683
	288,335		Capital Product Partners LP		2,878
	59,210	e	CARBO Ceramics, Inc		3,507
	162,500	e	Cardinal Energy Ltd		2,731
	177,897	*	Carrizo Oil & Gas, Inc		9,574
	143,106		CAT Oil AG.		2,712
	857,530		Cenovus Energy, Inc (Toronto)		23,070
	137,400	*	Cequence Energy Ltd		225
	122,080	*,e	CHC Group Ltd		684
	2,035,574	*	Cheniere Energy, Inc		162,907
	1,109,554		Chesapeake Energy Corp		25,509
	8,254,106		Chevron Corp		984,880
	5,976,906	e	China Coal Energy Co		3,489
	3,532,470		China Oilfield Services Ltd		9,307
	8,755,399		China Shenhua Energy Co Ltd		24,372
	1,939,000		China Suntien Green Energy Cor		484
	398,000		Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd		130
	417,889		Cimarex Energy Co		52,876
	17,587	*	Clayton Williams Energy, Inc		1,696
	227,167	*,e	Clean Energy Fuels Corp		1,772
	226,297	*	Cloud Peak Energy, Inc		2,856
	38,458,700		CNOOC Ltd		66,325
	1,040,929		Coal India Ltd		5,741
	817,438	*	Cobalt International Energy, Inc		11,117
	158,609	*,e	Compagnie Generale de Geophysique S.A.		1,445
	178,283	e	Comstock Resources, Inc		3,320
	483,832	*	Concho Resources, Inc		60,668
	3,768,494		ConocoPhillips		288,365
	606,071		Consol Energy, Inc		22,946
	65,801		Contango Oil & Gas Co		2,187
	645,573	*,e	Continental Resources, Inc		42,918
	39,379		Core Laboratories NV		5,763
	301,828		Cosan SA Industria e Comercio		4,851

63

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,492,000		Cosco International Holdings Ltd	$	659
	1,130,000		Cosmo Oil Co Ltd		1,905
	287,005	e	Crescent Point Energy Corp		10,358
	108,928	*	Crew Energy, Inc		962
	20,820	e	CropEnergies AG.		117
	43,358	e	CVR Energy, Inc		1,939
	3,441,686	*	Dana Gas PJSC		647
	28,750		Dawson Geophysical Co		523
	725,050		Dayang Enterprise Holdings BHD		751
	66,468		Deep Sea Supply plc		91
	314,900	*	DeeThree Exploration Ltd		2,559
	10,561		Delek Group Ltd		3,997
	362,255		Delek US Holdings, Inc		11,998
	153,500	*	Delphi Energy Corp		491
	1,002,267		Denbury Resources, Inc		15,064
	395,408	*,e	Denison Mines Corp		452
	100,582	*,e	Det Norske Oljeselskap ASA		888
	1,205,746		Devon Energy Corp		82,208
	272,070	e	DHT Holdings, Inc		1,676
	24,850	e	Diamond Offshore Drilling, Inc		852
	151,864	*	Diamondback Energy, Inc		11,356
	609,552	*,e	DNO International ASA		1,909
	777,722	*,e	Dolphin Group AS.		415
	26,138	*	Dorian LPG Ltd		466
	592,520		Dragon Oil plc		5,734
	508,290	*	Dresser-Rand Group, Inc		41,812
	2,507,564	*,e	Drillsearch Energy Ltd		2,832
	80,676	*	Dril-Quip, Inc		7,212
	305,000	e	Dyna-Mac Holdings Ltd		97
	76,832	*	Eclipse Resources Corp		1,277
	7,526,608		Ecopetrol S.A.		11,764
	536,121	*,e	Electromagnetic GeoServices AS		325
	205,434	*,e	Emerald Oil, Inc		1,263
	1,042,530		Empresas COPEC S.A.		12,746
	103,611	e	Enbridge Income Fund		2,812
	900,429	e	Enbridge, Inc		43,102
	746,353		EnCana Corp		15,847
	169,318		Enerflex Ltd		2,889
	104,233		Energen Corp		7,530
	1,671,000		Energy Absolute PCL		1,246
	1,307,200		Energy Earth PCL		225
	926,900	*	Energy Resources of Australia Ltd		1,011
	344,580	e	Energy XXI Bermuda Ltd		3,911
	258,875	e	Enerplus Resources Fund		4,914
	2,647,932	e	ENI S.p.A.		62,825
	803,093	*	Enquest plc (London)		1,424
	810	e	Ensco plc		33
	162,893		Ensign Energy Services, Inc		2,140
	3,199,390		EOG Resources, Inc		316,804
	820,126	*,e	EP Energy Corp		14,336
	527,340		EQT Corp		48,273
	75,863	*,e	Era Group, Inc		1,650

64

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	187,954		ERG S.p.A.	$	2,316
	282,600	e	Essential Energy Services Ltd		618
	2,447		Esso SA Francaise		106
	1,545,400		Esso Thailand PCL (Foreign)		276
	90,492		Etablissements Maurel et Prom		1,273
	14,500		Eurasia Drilling Co Ltd (GDR)		412
	107,607	*	Euronav NV		1,219
	59,965		Evolution Petroleum Corp		550
	2,064,733	e	EXCO Resources, Inc		6,896
	29,536		Exmar NV		454
	219,519		Exterran Holdings, Inc		9,727
	16,115,788		Exxon Mobil Corp		1,515,690
	3,226,360	e	Ezion Holdings Ltd		4,570
	661,200	e	Ezra Holdings Ltd		507
	211,854	*	Faroe Petroleum plc		363
	1,200,918	*	FMC Technologies, Inc		65,222
	421,768	*,e	Forest Oil Corp		493
	1,863,306		Formosa Petrochemical Corp		4,519
	240,973	*	Forum Energy Technologies, Inc		7,376
	60,701	e	Frank’s International NV		1,135
	96,100	e	Fred Olsen Energy ASA		1,765
	154,113	e	Freehold Royalty Trust		3,187
	233,251	*,e	Frontline Ltd		294
	75,579		Fugro NV		2,282
	160,442	*,e	FX Energy, Inc		488
	269,282	e	Galp Energia SGPS S.A.		4,376
	149,201		GasLog Ltd		3,284
	195,595	*,e	Gastar Exploration, Inc		1,148
	9,231,286		Gazprom OAO (ADR)		64,741
	65,299		Gazpromneft OAO (ADR)		1,250
	10,135,000	*	Genesis Energy Holdings Ltd		304
	47,576	*,e	Geospace Technologies Corp		1,672
	555,922	e	Gibson Energy, Inc		17,363
	32,351	*,e	Glori Energy, Inc		256
	64,492		Golar LNG Ltd		4,282
	102,257	*,e	Goodrich Petroleum Corp		1,515
	118,585	e	Green Plains Renewable Energy, Inc		4,434
	113,745	*	Grupa Lotos S.A.		966
	76,291		GS Holdings Corp		2,911
	156,580		Gujarat Mineral Development Corp Ltd		366
	53,160		Gulf Island Fabrication, Inc		914
	860,602	*,e	Gulf Keystone Petroleum Ltd		868
	100,044		Gulfmark Offshore, Inc		3,136
	141,692	*	Gulfport Energy Corp		7,566
	947,604	*,e	Halcon Resources Corp		3,753
	36,429	e	Hallador Petroleum Co		431
	4,966,617		Halliburton Co		320,396
	1,730		Hankook Shell Oil Co Ltd		911
	30,303		Hargreaves Services plc		280
	144,529	*,e	Harvest Natural Resources, Inc		530
	384,159	*,e	Helix Energy Solutions Group, Inc		8,475
	265		Hellenic Petroleum S.A.		2

65

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	393,413		Helmerich & Payne, Inc	$	38,503
	589,250	*,e	Hercules Offshore, Inc		1,296
	1,196,498		Hess Corp		112,854
	168,100	*	Hibiscus Petroleum BHD		74
	1,218,000	*,e	Hidili Industry International Development Ltd		136
	653,000	e	Hilong Holding Ltd		278
	38,165	*,e	Hoegh LNG Holdings Ltd		584
	267,884		Holly Corp		11,701
	2,427,000	e	Honghua Group Ltd		519
	1,241,663	*,e	Horizon Oil Ltd		327
	134,716	*	Hornbeck Offshore Services, Inc		4,409
	132,653		Hunting plc		1,913
	793,526	e	Husky Energy, Inc		21,780
	24,400		Idemitsu Kosan Co Ltd		518
	118,076	*,e	IGAS Energy plc		169
	631,633	e	Imperial Oil Ltd		29,840
	14,331	*	Independence Contract Drilling, Inc		168
	1,415,907		Inner Mongolia Yitai Coal Co		2,412
	1,341,900		Inpex Holdings, Inc		18,972
	599,581	e	Inter Pipeline Ltd		19,460
	785,861	*	ION Geophysical Corp		2,193
	96,673	*	Ipek Matbacilik Sanayi Ve Ticaret AS		75
	14,634,507		IRPC PCL (Foreign)		1,444
	3,133	*,e	Isramco, Inc		383
	447,100	*	Ithaca Energy, Inc		838
	146,853		Itochu Enex Co Ltd		946
	5,200	e	Japan Drilling Co Ltd		233
	80,900		Japan Petroleum Exploration Co		3,106
	950,278		John Wood Group plc		11,648
	50,898	*,e	Jones Energy, Inc (Class A)		956
	1,197,507	e	JX Holdings, Inc		5,521
	215,904	*,e	Karoon Gas Australia Ltd		658
	85,055	*	Kelt Exploration Ltd		911
	481,052	*	Key Energy Services, Inc		2,328
	389,837	e	Keyera Corp		31,408
	397	*,e	Kinder Morgan Management LLC		37
	4,397,832	e	Kinder Morgan, Inc		168,613
	1,429,437	*	KNM Group BHD		394
	821,488	*	Kodiak Oil & Gas Corp		11,148
	61,560	e	Koninklijke Vopak NV		3,317
	181,421	*	Kosmos Energy LLC		1,807
	250,000	*,e	KrisEnergy Ltd		154
	273,971	e	Kumba Resources Ltd		3,109
	472,382		Kvaerner ASA		779
	369,644	*,e	Laredo Petroleum Holdings, Inc		8,284
	159,500	*	Legacy Oil & Gas, Inc		873
	212,607	e	Lightstream Resources Ltd		997
	68,886		Lubelski Wegiel Bogdanka S.A.		2,286
	917,264		LUKOIL (ADR)		46,727
	41,609	*	Lundin Petroleum AB		703
	103,799		Magellan Midstream Partners LP		8,738
	809,504	*,e	Magnum Hunter Resources Corp		4,509

66

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	4,749,890		Marathon Oil Corp	$	178,548
	1,201,719		Marathon Petroleum Corp		101,750
	110,377	*	Maridive & Oil Services SAE		113
	684,537	*,e	Matador Resources Co		17,695
	198,202	*	Matrix Service Co		4,781
	108,880		Maurel & Prom Nigeria		540
	862,626	*,e	McDermott International, Inc		4,934
	81,933	*	MEG Energy Corp		2,515
	20,471	*	Memorial Resource Development Corp		555
	201,451	*,e	Midstates Petroleum Co, Inc		1,017
	2,788,000	e	MIE Holdings Corp		366
	110,812	*,e	Miller Petroleum, Inc		488
	46,044	*	Mitcham Industries, Inc		509
	19,600	e	Modec, Inc		513
	58,321		MOL Hungarian Oil and Gas plc		2,856
	75,824		Motor Oil Hellas Corinth Refineries S.A.		661
	183,967	e	Mullen Group Ltd		4,202
	533,445		Murphy Oil Corp		30,358
	2,240,848		Nabors Industries Ltd		51,002
	32,723	*	Naphtha Israel Petroleum Corp Ltd		231
	1,358,775		National Oilwell Varco, Inc		103,403
	46,505	*	Natural Gas Services Group, Inc		1,119
	294,438		Navios Maritime Acq Corp		798
	203,663	e	Neste Oil Oyj		4,193
	2,259,415		New Zealand Oil & Gas Ltd		1,339
	757,495	*,e	Newfield Exploration Co		28,080
	932,000	e	Newocean Energy Holdings Ltd		464
	325,906	*	Newpark Resources, Inc		4,054
	266,000		Nippon Coke & Engineering Co Ltd		277
	174,561		Noble Corp plc		3,879
	1,508,076		Noble Energy, Inc		103,092
	37,891	e	Nordic American Offshore Ltd		668
	324,910	e	Nordic American Tanker Shipping		2,583
	424,888	e	North Atlantic Drilling Ltd		2,830
	230,050	*,e	Northern Oil And Gas, Inc		3,271
	134,378		NovaTek OAO (GDR)		13,999
	51,404	*,e	Nuverra Environmental Solutions, Inc		758
	428,357	*	NuVista Energy Ltd		3,989
	231,550	*	Oasis Petroleum, Inc		9,681
	2,243,752		Occidental Petroleum Corp		215,737
	99,259		Ocean Yield ASA		667
	230,721		Oceaneering International, Inc		15,036
	116,167		Odfjell Drilling Ltd		475
	305,000		Oil India Ltd		3,003
	1,511,614	*	Oil Refineries Ltd		553
	1,419,556		Oil Search Ltd		11,079
	137,017	*	Oil States International, Inc		8,481
	134,639		OMV AG.		4,527
	638,685		Oneok, Inc		41,866
	529,031	*	Ophir Energy plc		1,967
	1,412,264		Origin Energy Ltd		18,470
	126,372	*,e	Pacific Ethanol, Inc		1,764

67

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,675,000	e	Pacific Radiance Ltd	$	2,932
	620,404	e	Pacific Rubiales Energy Corp (Toronto)		10,403
	88,600	*	Painted Pony Petroleum Ltd		993
	995,999	*,e	Paladin Resources Ltd		330
	22,836		Panhandle Oil and Gas, Inc (Class A)		1,363
	293	*,e	Paragon Offshore plc		2
	98,661	*	Paramount Resources Ltd (Class A)		5,651
	361,800	*	Parex Resources, Inc		4,022
	434,783	*	Parker Drilling Co		2,148
	202,186	e	Parkland Income Fund		3,845
	271,618	*,e	Parsley Energy, Inc		5,794
	152,626		Pason Systems, Inc		4,267
	1,177,049		Patterson-UTI Energy, Inc		38,289
	5,042		Paz Oil Co Ltd		796
	326,436		PBF Energy, Inc		7,834
	256,151	*	PDC Energy, Inc		12,882
	111,954		Peabody Energy Corp		1,386
	482,702	e	Pembina Pipeline Income Fund		20,335
	393,934	e	Pengrowth Energy Trust		2,065
	242,641	*	Penn Virginia Corp		3,084
	357,456	e	Penn West Energy Trust		2,423
	455,480	*	Perdana Petroleum BHD		251
	680,100	*	Perisai Petroleum Teknologi BHD		263
	64,258		Petrofac Ltd		1,077
	378,000	e	Petro-King Oilfield Services Ltd		112
	4,870,276		Petroleo Brasileiro S.A.		34,322
	390,800		Petroleo Brasileiro S.A. (ADR)		5,545
	7,010,382		Petroleo Brasileiro S.A. (Preference)		51,810
	216,233	e	Petroleum Geo-Services ASA		1,367
	373,259		Petronas Dagangan BHD		2,276
	179,947	*	Petroquest Energy, Inc		1,011
	1,178,519	e	Peyto Exploration & Development Corp		37,188
	50,000	*,m	Peyto Exploration & Development Corp (New)		1,578
	44,926	*,e	PHI, Inc		1,849
	2,302,262		Phillips 66		187,197
	78,400	e	PHX Energy Services Corp		960
	379,527	*	Pioneer Energy Services Corp		5,321
	545,540		Pioneer Natural Resources Co		107,455
	163,345		Plains GP Holdings LP		5,007
	1,078,158	*,e	Polarcus Ltd		290
	3,089,017		Polish Oil & Gas Co		4,716
	388,129		Polski Koncern Naftowy Orlen S.A.		4,828
	100,100	*,m	Poseidon Concepts Corp		1
	302,200		Precision Drilling Trust		3,262
	1,493,526	e	Premier Oil plc		8,056
	37,995	*,e	Profire Energy, Inc		158
	234,275		ProSafe ASA		1,372
	19,891,000	*	PT Benakat Petroleum Energy		204
	98,109,300	*	PT Energi Mega Persada Tbk		828
	2,082,500	*	PT Golden Eagle Energy Tbk		310
	3,748,500		PT Harum Energy Indonesia Tbk		628
	1,718,300		PT Indika Energy Tbk		104

68

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	537,980		PT Indo Tambangraya Megah	$	1,144
	3,183,200		PT Medco Energi Internasional Tbk		931
	18,268,100	*	PT Sugih Energy Tbk		625
	5,767,927		PT Tambang Batubara Bukit Asam Tbk		6,231
	350,600		PTT Exploration & Production PCL (ADR)		1,727
	4,271,084		PTT Exploration & Production PCL (Foreign)		21,040
	2,326,319		PTT PCL (Foreign)		25,796
	353,100		QGEP Participacoes S.A.		1,340
	388,607	*,e	Quadrise Fuels International plc		222
	303,161		Questar Market Resources, Inc		9,331
	446,078	*,e	Quicksilver Resources, Inc		269
	894,400	*	Raging River Exploration, Inc		7,323
	337,094		Range Resources Corp		22,858
	4		Refineria La Pampilla S.A. Relapasa		0	^
	2,494,569		Reliance Industries Ltd		38,087
	139,859	*,e	Renewable Energy Group, Inc		1,420
	2,252,205		Repsol YPF S.A.		53,431
	281,360	*,e	Resolute Energy Corp		1,764
	139,570	*	Rex Energy Corp		1,768
	297,000	*	Rex International Holding Ltd		139
	47,726	*	Rex Stores Corp		3,478
	48,085	*	Rice Energy, Inc		1,279
	34,904	*	RigNet, Inc		1,412
	56,352	*,e	Ring Energy, Inc		831
	119,300	*	RMP Energy Inc		732
	1,648,597	*	Roc Oil Co Ltd		989
	260,391	*,e	Rockhopper Exploration plc		366
	218,618	*	Rosetta Resources, Inc		9,742
	1,435,944		Rosneft Oil Co (GDR)		8,365
	531,404		Rowan Cos plc		13,450
	8,089,685		Royal Dutch Shell plc (A Shares)		309,191
	4,625,126		Royal Dutch Shell plc (B Shares)		182,850
	1,072,177		RPC, Inc		23,545
	372,647	*,e	RSP Permian, Inc		9,525
	47,598		Saipem S.p.A.		1,009
	249,516	*	Salamander Energy plc		405
	48,000		San-Ai Oil Co Ltd		334
	163,001	*,e	Sanchez Energy Corp		4,280
	730,557	*,e	SandRidge Energy, Inc		3,134
	410,961		Santos Ltd		4,915
	5,217,400		Sapurakencana Petroleum BHD		6,551
	325,925	*,e	Saras S.p.A.		329
	1,073,255		Sasol Ltd		58,209
	193,938	e	Savanna Energy Services Corp		1,226
	186,783	*,e	SBM Offshore NV		2,708
	5,280,012		Schlumberger Ltd		536,924
	14,008		Schoeller-Bleckmann Oilfield Equipment AG.		1,365
	595,700	*	Scomi Energy Services BHD		154
	569,500	*	Scomi Group BHD		70
	652,235		Scorpio Tankers, Inc		5,420
	76,272	e	SEACOR Holdings, Inc		5,705
	314,830	e	Seadrill Ltd		8,425

69

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	121,172	e	Seadrill Ltd (Oslo Exchange)	$	3,238
	117,500		Secure Energy Services, Inc		2,535
	181,317		SemGroup Corp		15,098
	972,670	*,e	Senex Energy Ltd		469
	50	*,m	Serval Integrated Energy Services		0	^
	352,100	*,e	Sevan Drilling AS.		118
	119,336	*	Seventy Seven Energy, Inc		2,833
	219,200		Shandong Molong Petroleum Machinery Co Ltd		140
	60,753		ShawCor Ltd		3,065
	35,600		Shinko Plantech Co Ltd		273
	214,769	e	Ship Finance International Ltd		3,634
	762,354		Showa Shell Sekiyu KK		7,273
	1,133,800		Siamgas & Petrochemicals PCL (Foreign)		476
	36,000		Sinanen Co Ltd		146
	5,930,000	*,e	Sino Union Energy Investment Group Ltd		316
	1,188,000	e	Sinopec Kantons Holdings Ltd		942
	71,268		SK Energy Co Ltd		5,467
	13,561		SK Gas Co Ltd		1,805
	102,336		Societatea Nationala de Gaze Naturale ROMGAZ S.A. (GDR) (Registered)		1,025
	442,926		Soco International plc		2,727
	64,212		S-Oil Corp		2,603
	222,059	*,e	Solazyme, Inc		1,657
	371,295	*,e	Songa Offshore SE		135
	1,483,203	*	Southwestern Energy Co		51,838
	1,186,143		Spectra Energy Corp		46,568
	103,722	*	Sprott Resource Corp		257
	738,000	e	SPT Energy Group, Inc		258
	327,728	e	Spyglass Resources Corp		404
	310,967		St. Mary Land & Exploration Co		24,255
	2,076,207		Statoil ASA		56,526
	209,959	*	Stone Energy Corp		6,584
	1,772,078	e	Suncor Energy, Inc		64,130
	134,778		Suncor Energy, Inc (NY)		4,872
	373,194	*	Sundance Energy Australia Ltd		400
	1,110,221		Superior Energy Services		36,493
	410,165	e	Surge Energy, Inc		2,622
	2,683,271		Surgutneftegaz (ADR)		17,869
	316,700		Surgutneftegaz (ADR) (London)		2,095
	379,000	e	Swiber Holdings Ltd		135
	166,748	*,e	Swift Energy Co		1,601
	202,019	*	Synergy Resources Corp		2,463
	6,446,557		Talisman Energy, Inc		55,763
	4,334,107	e	Talisman Energy, Inc (Toronto)		37,499
	209,907		Targa Resources Investments, Inc		28,583
	374,825		Tatneft (GDR)		13,179
	121,723		Technip S.A.		10,211
	48,422	e	Tecnicas Reunidas S.A.		2,561
	692,206		Teekay Corp		45,935
	228,312	e	Teekay Tankers Ltd (Class A)		852
	668,101		Tenaris S.A.		15,246
	126,103		Tesco Corp		2,503

70

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	316,917		Tesoro Corp	$	19,326
	93,994	*	Tethys Oil AB		1,141
	290,338	*	Tetra Technologies, Inc		3,141
	332,640	e	TGS Nopec Geophysical Co ASA		8,471
	380,800	*	TH Heavy Engineering BHD		95
	1,217,157		Thai Oil PCL (Foreign)		1,930
	90,500		Tidewater, Inc		3,532
	73,843		TMK OAO (GDR)		672
	71,335		TonenGeneral Sekiyu KK		624
	78,500	e	TORC Oil & Gas Ltd		899
	58,906		Total Energy Services, Inc		1,094
	4,471,329	e	Total S.A.		289,537
	406,617	*	Tourmaline Oil Corp		18,019
	93,000		Toyo Kanetsu K K		226
	90,593	*,e	TransAtlantic Petroleum Ltd		814
	846,110	e	TransCanada Corp		43,577
	122,033	e	TransGlobe Energy Corp		742
	91,935	e	Transocean Ltd		2,957
	246,381	*,e	Triangle Petroleum Corp		2,713
	150,900		Trican Well Service Ltd		1,765
	240,746	e	Trilogy Energy Corp		5,451
	397,366	e	Trinidad Drilling Ltd		2,977
	1,230,418	e	Tullow Oil plc		12,828
	260,690		Tupras Turkiye Petrol Rafine		5,246
	74,343		Turcas Petrolculuk AS		74
	286,200	e	Twin Butte Energy Ltd		417
	236,569	*,e	Ultra Petroleum Corp		5,503
	631,400		Ultrapar Participacoes S.A.		13,364
	213,726	*	Unit Corp		12,535
	189,384	*	Vaalco Energy, Inc		1,610
	2,618,947		Valero Energy Corp		121,179
	738,287	*,e	Vantage Drilling Co		938
	468,900	e	Veresen, Inc		7,130
	402,211	e	Vermilion Energy, Inc		24,486
	32,020	*,e	Vertex Energy, Inc		223
	138,822		W&T Offshore, Inc		1,527
	4,658,715		Wah Seong Corp BHD		2,511
	271,136	*	Warren Resources, Inc		1,437
	913,392	*	Weatherford International Ltd		18,999
	200,700	e	Western Energy Services Corp		1,600
	357,796		Western Refining, Inc		15,024
	413,874	e	Westfire Energy Ltd		1,659
	48,812	*,e	Westmoreland Coal Co		1,826
	242,800	e	Whitecap Resources, Inc		3,475
	694,438	*,e	Whitehaven Coal Ltd		1,037
	473,412	*	Whiting Petroleum Corp		36,713
	191,045	*	Willbros Group, Inc		1,591
	5,020,950		Williams Cos, Inc		277,910
	1,398,000	e,m	Wison Engineering Services Co Ltd		2
	1,853,954		Woodside Petroleum Ltd		65,830
	130,253		World Fuel Services Corp		5,200
	389,667		WorleyParsons Ltd		5,220

71

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	419,248	*	WPX Energy, Inc	$	10,087
	267,457	*,e	Xcite Energy Ltd		251
	2,840,861	e	Yanzhou Coal Mining Co Ltd		2,328
	336,512	e	Z Energy Ltd		1,041
			TOTAL ENERGY		11,147,848
FOOD & STAPLES RETAILING - 1.6%
	310,002		Aeon Co Ltd		3,089
	19,000		Ain Pharmaciez Inc		434
	5,263		Al Meera Consumer Goods Co		265
	1,305,163		Alimentation Couche Tard, Inc		41,732
	345,229		Almacenes Exito S.A.		5,053
	147,647		Andersons, Inc		9,284
	30,379		Arcs Co Ltd		636
	18,232	e	Axfood AB		943
	259,742		BIM Birlesik Magazalar AS		5,438
	22,735		Bizim Toptan Satis Magazalari AS		185
	3,185,581	e	Booker Group plc		6,291
	318,828	*	Brazil Pharma S.A.		491
	624,258		Carrefour S.A.		19,280
	117,271		Casey’s General Stores, Inc		8,408
	196,458		Casino Guichard Perrachon S.A.		21,136
	31,800		Cawachi Ltd		545
	2,656,611		Centros Comerciales Sudamericanos S.A.		7,825
	54,388	*,e	Chefs’ Warehouse Holdings, Inc		884
	1,495,655		China Resources Enterprise		3,540
	287,006		Cia Brasileira de Distribuicao Grupo Pao de Acucar		12,529
	6,004		CJ Freshway Corp		234
	265,069	e	Clicks Group Ltd		1,574
	15,960		Cocokara Fine Holdings, Inc		418
	32,556	e	Colruyt S.A.		1,434
	1,001,512	e	Controladora Comercial Mexicana S.A. de C.V.		3,743
	2,921,000		Cosco Capital, Inc		520
	8,900		Cosmos Pharmaceutical Corp		1,127
	1,148,500		Costco Wholesale Corp		143,930
	5,420,409		CP Seven Eleven PCL (Foreign)		7,471
	9,600		Create SD Holdings Co Ltd		337
	5,789,503		CVS Corp		460,786
	5,500		Daikokutenbussaan Co Ltd		164
	286,850	e	Delhaize Group		19,935
	119,412		Distribuidora Internacional de Alimentacion S.A.		856
	51,003		Dongsuh Co, Inc		1,147
	44,761		E-Mart Co Ltd		9,781
	70,456		Empire Co Ltd		4,900
	77,505		Eurocash S.A.		755
	51,462	*,e	Fairway Group Holdings Corp		192
	16,081		FamilyMart Co Ltd		614
	126,706	*,e	Fresh Market, Inc		4,426
	66,305		George Weston Ltd		5,225
	209,578		Greggs plc		2,008
	65,900		Growell Holdings Co Ltd		1,964
	338,413		Grupo Comercial Chedraui S.a. DE C.V.		1,194

72

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	229,718	e	Hakon Invest AB	$	7,493
	99,500		Heiwado Co Ltd		1,673
	3,032		Indiabulls Wholesale Service		1
	44,158		Ingles Markets, Inc (Class A)		1,046
	3,700		Itochu-Shokuhin Co Ltd		122
	5,264,356	e	J Sainsbury plc		21,407
	211,361		Jean Coutu Group PJC, Inc		4,431
	437,079	e	Jeronimo Martins SGPS S.A.		4,810
	94,600		Kasumi Co Ltd		862
	18,400		Kato Sangyo Co Ltd		385
	156,791		Kesko Oyj (B Shares)		5,596
	2,085,143		Koninklijke Ahold NV		33,729
	3,334,989		Kroger Co		173,419
	7,000		Kusuri No Aoki Co Ltd		300
	289,519		Lawson, Inc		20,256
	263,703	*	Lenta Ltd (ADR)		2,814
	437,000	*,e	Lianhua Supermarket Holdings Co Ltd		234
	86,206	e	Liberator Medical Holdings, Inc		270
	21,100	e	Liquor Stores Income Fund		253
	256,937		Loblaw Cos Ltd		12,859
	507,079		Magnit OAO (GDR)		29,167
	63,317	e	Majestic Wine plc		380
	33,023		MARR S.p.A.		512
	83,233		Maruetsu, Inc		397
	105,856		Massmart Holdings Ltd		1,150
	129,300		Matsumotokiyoshi Holdings Co Ltd		3,816
	4,241,022		Metcash Ltd		9,767
	261,934		Metro AG.		8,590
	177,347	e	Metro, Inc		11,861
	12,700		Ministop Co Ltd		177
	25,940	*,e	Natural Grocers by Vitamin C		422
	74,619	e	North West Co Fund		1,491
	44,000		Okuwa Co Ltd		396
	521,000	e	Olam International Ltd		957
	113,993	*	Pantry, Inc		2,306
	310,222	e	Pick’n Pay Holdings Ltd		616
	524,460		Pick’n Pay Stores Ltd		2,447
	1,394,420		President Chain Store Corp		9,998
	57,266	e	Pricesmart, Inc		4,904
	234,653		Raia Drogasil S.A.		2,007
	53,288		Rallye S.A.		2,328
	5,837		Rami Levi Chain Stores Hashikma Marketing 2006 Ltd		289
	2,867,222	*	Rite Aid Corp		13,877
	1,997,270		Robinsons Retail Holdings, Inc		2,817
	135,705	e	Roundy’s, Inc		406
	13,179		Ryoshoku Ltd		299
	44,200		S Foods, Inc		745
	209,392		Safeway, Inc		7,182
	15,900		San-A Co Ltd		530
	1,019,121		Seven & I Holdings Co Ltd		39,528
	1,441,000		Sheng Siong Group Ltd		751
	774,739		Shoprite Holdings Ltd		9,592

73

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	71,346		Shufersal Ltd	$	202
	3,238,755	e	Sonae SPGS S.A.		4,693
	388,358		Spar Group Ltd		4,319
	139,373		Spartan Stores, Inc		2,711
	313,300	*,e	Sprouts Farmers Market, Inc		9,108
	37,700		Sugi Pharmacy Co Ltd		1,583
	3,046,883	e	Sun Art Retail Group Ltd		3,445
	48,800		Sundrug Co Ltd		2,169
	741,369	*	Supervalu, Inc		6,628
	1,053,511		Sysco Corp		39,981
	599,000		Taiwan TEA Corp		345
	6,044,918		Tesco plc		18,058
	33,476		Tsuruha Holdings, Inc		1,862
	172,805	*	United Natural Foods, Inc		10,621
	751,500	e	UNY Co Ltd		3,994
	131,500		Valor Co Ltd		2,127
	25,566		Village Super Market (Class A)		582
	2,412,397		Walgreen Co		142,983
	5,876,396		Wal-Mart de Mexico S.A. de C.V. (Series V)		14,776
	3,408,073		Wal-Mart Stores, Inc		260,615
	44,716		Weis Markets, Inc		1,745
	1,502,672		Wesfarmers Ltd		55,376
	422,057		Whole Foods Market, Inc		16,085
	3,293,913		WM Morrison Supermarkets plc		8,963
	1,152,302		Woolworths Ltd		34,505
	621,799	*	Wumart Stores, Inc		581
	7,900		Yaoko Co Ltd		469
	37,900		Yokohama Reito Co Ltd		281
			TOTAL FOOD & STAPLES RETAILING		1,933,195
FOOD, BEVERAGE & TOBACCO - 4.8%
	165,840	*,e	22nd Century Group, Inc		418
	426,996	*,e	a2 Milk Co Ltd		193
	31,533		AarhusKarlshamn AB		1,644
	154,931		Agthia Group PJSC		274
	393,865		Ajinomoto Co, Inc		6,550
	12,647		Alico, Inc		482
	44,816	e	Alliance Grain Traders, Inc		1,153
	326,486	*	Alliance One International, Inc		643
	9,518,989		Altria Group, Inc		437,303
	9,142,485		AMBEV S.A.		59,910
	1,165,400		AMBEV S.A. (ADR)		7,633
	30,480		Amsterdam Commodities NV		687
	235,340		Anadolu Efes Biracilik Ve Malt Sanayii AS		2,721
	68,017	e	Anheuser-Busch InBev NV (ADR)		7,540
	2,974	*,m	Anheuser-Busch InBev NV (Strip VVPR)		0	^
	268,900		Anhui Gujing Distillery Co Ltd		774
	57,533	*,e	Annie’s, Inc		2,641
	225,180	*	AquaChile S.A.		149
	3,052,994		Archer Daniels Midland Co		156,008
	17,400		Ariake Japan Co Ltd		390
	59,771		Aryzta AG.		5,150

74

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	497,614		Asahi Breweries Ltd	$	14,394
	1,040,624	e	Asian Citrus Holdings Ltd		216
	901,045		Associated British Foods plc		39,059
	91,678		Astral Foods Ltd		1,237
	9,938		Atria Group plc		87
	243,881		Austevoll Seafood ASA		1,625
	359,332	*	Australian Agricultural Co Ltd		415
	710,842		AVI Ltd		4,389
	165,658	e	B&G Foods, Inc (Class A)		4,564
	62,910		Bakkafrost P		1,353
	299,272		Balrampur Chini Mills Ltd		242
	2,762		Barry Callebaut AG.		3,067
	24,200	*	Belvedere S.A.		398
	5,780		Binggrae Co Ltd		481
	234,799	e	Biostime Internatonal Holdings Ltd		729
	212,945	*	Black Earth Farming Ltd		129
	24,452		Bonduelle S.C.A.		625
	25,240	*,e	Boston Beer Co, Inc (Class A)		5,597
	180,386	*,e	Boulder Brands, Inc		2,459
	39,300		BrasilAgro-Co Brasileira de Propriedades Agricolas		145
	45,569		Britannia Industries Ltd		1,024
	281,248		British American Tobacco Malaysia BHD		6,035
	2,811,566		British American Tobacco plc		158,433
	5,276,870		Britvic plc		56,959
	568,055		Brown-Forman Corp (Class B)		51,250
	874,000	e	Bumitama Agri Ltd		755
	537,885		Bunge Ltd		45,306
	344,348		C&C Group plc		1,830
	40,064		Calavo Growers, Inc		1,808
	182,100		Calbee, Inc		5,952
	57,441		Cal-Maine Foods, Inc		5,131
	570,245	e	Campbell Soup Co		24,367
	24,129		Carlsberg AS (Class B)		2,143
	290,000		Carlsberg Brewery-Malay BHD		1,059
	41,326		Cermaq ASA		622
	706,000		Changshouhua Food Co Ltd		568
	3,039,800		Charoen Pokphand Foods PCL		2,823
	2,829,611		China Agri-Industries Holdings Ltd		1,074
	7,363,296	e	China Huishan Dairy Holdings Co Ltd		1,626
	601,000	*	China Huiyuan Juice Group Ltd		257
	2,340,360		China Mengniu Dairy Co Ltd		9,631
	13,785,107	*,e	China Modern Dairy Holdings		6,367
	1,557,000	*,e	China Yurun Food Group Ltd		687
	168,583	*	Chiquita Brands International, Inc		2,394
	337,821		Cia Cervecerias Unidas S.A.		3,719
	9,107		CJ CheilJedang Corp		3,340
	215,550	*	Cloetta AB		643
	252,702		Clover Industries Ltd		374
	599,459		Coca-Cola Amatil Ltd		4,602
	25,788		Coca-Cola Bottling Co Consolidated		1,925
	85,598		Coca-Cola Central Japan Co Ltd		1,701
	11,661,038	e	Coca-Cola Co		497,460

75

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	340,717		Coca-Cola Embonor S.A.	$	553
	1,321,342		Coca-Cola Enterprises, Inc		58,615
	470,420		Coca-Cola Femsa S.A. de C.V.		4,738
	193,275		Coca-Cola HBC AG.		4,171
	195,668		Coca-Cola Icecek AS		4,210
	125,600	e	Coca-Cola West Japan Co Ltd		1,829
	1,032,600	*,e	Cofco International Ltd		407
	1,140,478		ConAgra Foods, Inc		37,681
	1,255,300	*	Constellation Brands, Inc (Class A)		109,412
	64,855		Corbion NV		954
	132,042		Cott Corp		907
	30,969	*	Craft Brewers Alliance, Inc		446
	613		Crown Confectionery Co Ltd		116
	1,174		Dae Han Flour Mills Co Ltd		241
	65,092		Daesang Corp		3,179
	197,105		Dairy Crest Group plc		1,224
	596,640	*	Darling International, Inc		10,930
	288,311		Davide Campari-Milano S.p.A.		2,077
	533,984	e	Dean Foods Co		7,075
	231,250		Devro plc		891
	1,372,261		Diageo plc		39,579
	66,985	*,e	Diamond Foods, Inc		1,916
	4,324		Dongwon F&B Co Ltd		1,397
	2,281		Dongwon Industries Co Ltd		783
	1,250,825		Dr Pepper Snapple Group, Inc		80,441
	10,000		Dutch Lady Milk Industries BHD		143
	8,000		Dydo Drinco, Inc		316
	1,214,000	*,e,m	Dynasty Fine Wines Group Ltd		2
	76,379	*,e	Ebro Puleva S.A.		1,447
	259,171		Embotelladora Andina S.A.		840
	901,533		Embotelladoras Arca SAB de C.V.		6,182
	4,336		Emmi AG.		1,483
	75,732		Ezaki Glico Co Ltd		2,612
	22,807	*,e	Farmer Bros Co		660
	12,473	*	Farmsco		181
	2,243,899		Felda Global Ventures Holdings BHD		2,416
	1,429,000	e	First Resources Ltd		2,240
	346,716		Flowers Foods, Inc		6,366
	3,488,030	e	Fomento Economico Mexicano S.A. de C.V.		32,108
	136,590		Fresh Del Monte Produce, Inc		4,357
	65,473		Fuji Oil Co Ltd		967
	32,832		Fujicco Co Ltd		425
	99,000		Fujiya Co Ltd		178
	1,796,853		General Mills, Inc		90,651
	207,514		Genting Plantations BHD		628
	1,941,500		GFPT PCL (Foreign)		1,210
	208,110		Glanbia plc		3,005
	10,451		GlaxoSmithKline Consumer Healthcare Ltd		954
	3,608,000		GMG Global Ltd		187
	6,454,354		Golden Agri-Resources Ltd		2,608
	1,802,917		Goodman Fielder Ltd		987
	189,769		GrainCorp Ltd-A		1,418

76

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,603,272		Great Wall Enterprise Co	$	2,537
	1,115,355		Greencore Group plc		4,231
	515,946		Groupe Danone		34,551
	535,700	*	Gruma SAB de C.V.		5,719
	3,260,643	e	Grupo Bimbo S.A. de C.V. (Series A)		9,454
	324,600		Grupo Herdez SAB de C.V.		869
	692,600	e	Grupo Lala SAB de C.V.		1,689
	98,139	*	Hain Celestial Group, Inc		10,045
	59,780	*	Harim & Co Ltd		304
	85,967		Heineken Holding NV		5,676
	502,114		Heineken NV		37,500
	548,760		Hershey Co		52,368
	338,500		Hey Song Corp		382
	8,930		Hite Holdings Co Ltd		112
	26,057	e	HKScan Oyj		111
	19,300		Hokuto Corp		348
	956,000		Honworld Group Ltd		822
	444,446		Hormel Foods Corp		22,840
	62,952	e	House Foods Corp		1,092
	483,631		Illovo Sugar Ltd		1,218
	1,120,000	*	Imperial Pacific International Holdings Ltd		237
	1,334,986		Imperial Tobacco Group plc		57,479
	815,990		InBev NV		90,492
	1,429,978		Indofood Agri Resources Ltd		929
	1,215,177		Indofood CBP Sukses Makmur Tbk		1,131
	259,600		Industrias Bachoco SAB de C.V.		1,293
	441,347		Ingredion, Inc		33,450
	46,269	*	Inventure Foods, Inc		600
	7,592,176		IOI Corp BHD		11,131
	3,551,166		ITC Ltd		21,242
	57,600	e	Ito En Ltd		1,215
	342,000		Itoham Foods, Inc		1,639
	78,828		J&J Snack Foods Corp		7,375
	179,500		J.M. Smucker Co		17,769
	1,534,930		Japan Tobacco, Inc		49,878
	1,925,993		JBS S.A.		7,200
	30,370		Jinro Ltd		666
	30,575		John B. Sanfilippo & Son, Inc		989
	280,000		J-Oil Mills, Inc		923
	706,712		Juhayna Food Industries		988
	74,173	e	Kagome Co Ltd		1,173
	10,700		Kameda Seika Co Ltd		320
	24,764		Kaveri Seed Co Ltd		325
	551,184		Kellogg Co		33,953
	57,564	*	Kernel Holding S.A.		431
	661,249	e	Kerry Group plc (Class A)		46,620
	789,378		Keurig Green Mountain, Inc		102,722
	16,400		KEY Coffee, Inc		246
	1,783,400		Khon Kaen Sugar Industry PCL (Foreign)		724
	21,671		Kikkoman Corp		461
	83,000		Kim Loong Resources BHD		71
	612,065		Kirin Brewery Co Ltd		8,120

77

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	73,306	e	Koninklijke Wessanen NV	$	444
	2,264,532	e	Kraft Foods Group, Inc		127,720
	275,038		KT&G Corp		24,614
	551,095		Kuala Lumpur Kepong BHD		3,541
	2,846		KWS Saat AG.		1,002
	1,022,000	e	Labixiaoxin Snacks Group Ltd		143
	62,604		Lancaster Colony Corp		5,339
	178,542		Lance, Inc		4,731
	58,306	e	Leroy Seafood Group ASA		2,246
	342,987		Lien Hwa Industrial Corp		229
	15,883	e	Lifeway Foods, Inc		220
	32,638	e	Limoneira Co		773
	1,422		Lindt & Spruengli AG.		7,106
	64		Lindt & Spruengli AG. (Registered)		3,793
	1,297,461		Lorillard, Inc		77,731
	651		Lotte Chilsung Beverage Co Ltd		1,339
	838		Lotte Confectionery Co Ltd		1,730
	702		Lotte Samkang Co Ltd		507
	35,346		M Dias Branco S.A.		1,410
	7,158		Maeil Dairy Industry Co Ltd		248
	285,000		Malayan Flour Mills BHD		169
	97,569	e	Maple Leaf Foods, Inc		1,666
	320,800	*	Marfrig Global Foods S.A.		873
	217,000		Marudai Food Co Ltd		811
	39,400	*	Maruha Nichiro Corp		587
	262,384		McCormick & Co, Inc		17,554
	53,837		McLeod Russel India Ltd		253
	701,578		Mead Johnson Nutrition Co		67,506
	140,800		Megmilk Snow Brand Co Ltd		1,840
	93,520		MEIJI Holdings Co Ltd		7,396
	215,100	*	Minerva S.A.		1,129
	255,000		Mitsui Sugar Co Ltd		854
	360,876		Molson Coors Brewing Co (Class B)		26,864
	6,054,893		Mondelez International, Inc		207,471
	1,180,864	*	Monster Beverage Corp		108,250
	453,302		Morinaga & Co Ltd		979
	177,000		Morinaga Milk Industry Co Ltd		568
	15,448		Muhak Co Ltd		488
	1,469,010	*	Multiexport Foods S.A.		332
	543,000		Namchow Chemical Industrial Ltd		1,043
	554		Namyang Dairy Products Co Ltd		401
	35,669		National Beverage Corp		696
	5,297	e	Naturex		351
	23,503		Nestle India Ltd		2,271
	3,618,652		Nestle S.A.		265,938
	622,000		Nichirei Corp		2,615
	227,000		Nippon Beet Sugar Manufacturing Co Ltd		399
	302,000		Nippon Flour Mills Co Ltd		1,461
	1,044,705		Nippon Meat Packers, Inc		22,182
	763,166	*	Nippon Suisan Kaisha Ltd		2,010
	400,000	e	Nisshin Oillio Group Ltd		1,346
	147,015		Nisshin Seifun Group, Inc		1,454

78

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	28,495		Nissin Food Products Co Ltd	$	1,480
	9,182		Nong Shim Co Ltd		2,367
	4,146		Nong Shim Holdings Co Ltd		509
	7,088		Nong Woo Bio Co Ltd		170
	69,733		Nutreco NV		2,534
	53,926		Oceana Group Ltd		353
	259,825		Oldtown BHD		141
	79,602	*	Omega Protein Corp		995
	237,800	*,e	Organizacion Cultiba SAB de C.V.		398
	4,084		Orion Corp		3,384
	352,816		Orkla ASA		3,189
	32,955		Osem Investments Ltd		707
	2,711		Ottogi Corp		1,585
	899,397	e	PAN Fish ASA		12,580
	6,366,497		PepsiCo, Inc		592,657
	1,247,000		Pepsi-Cola Products Philippine		133
	900,148		Perdigao S.A.		21,417
	281,196		Pernod-Ricard S.A.		31,826
	72,987	*,m	Pescanova S.A.		1
	877,000	e	Petra Foods Ltd		2,777
	534		Philip Morris CR		250
	5,180,228		Philip Morris International, Inc		432,031
	1,384,073	*	Pilgrim’s Pride Corp		42,297
	39,626		Pinar SUT Mamulleri Sanayii AS		407
	92,458		Pinnacle Foods, Inc		3,019
	161,449	*,e	Post Holdings, Inc		5,357
	525,290		PPB Group BHD		2,274
	714,583	*	Premier Foods plc		423
	32,900	e	Premium Brands Holdings Corp		723
	119,000		Prima Meat Packers Ltd		296
	1,346,915		PT Astra Agro Lestari Tbk		2,540
	5,692,200		PT Austindo Nusantara Jaya		526
	1,857,700		PT BW Plantation Tbk		84
	8,253,610		PT Charoen Pokphand Indonesia Tbk		2,875
	548,668		PT Gudang Garam Tbk		2,545
	4,747,831		PT Indofood Sukses Makmur Tbk		2,722
	5,152,400		PT Japfa Comfeed Indonesia Tbk		520
	814,000		PT Malindo Feedmill Tbk		226
	1,574,500		PT Nippon Indosari Corpindo Tbk		147
	5,271,600		PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		821
	9,363,500		PT Salim Ivomas Pratama Tbk		631
	1,212,700		PT Sampoerna Agro Tbk		201
	4,161		Pulmuone Co Ltd		545
	219,400		Q.P. Corp		3,704
	141,792		QAF Ltd		108
	713,950		QL Resources BHD		748
	42,480		Radico Khaitan Ltd		54
	1,548,772	*	Rasoya Proteins Ltd		243
	204,077	e	Remy Cointreau S.A.		14,692
	1,387,214	e	Reynolds American, Inc		81,846
	768,900		RFM Corp		90

79

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	276,500		Rimbunan Sawit BHD	$	59
	8,815		Royal UNIBREW AS		1,464
	3,337,556		SABMiller plc		184,960
	76,642		SABMiller plc (Johannesburg)		4,253
	27,955		Sakata Seed Corp		356
	347,240		Salmar ASA		6,127
	5,355		Samlip General Foods Co Ltd		694
	6,751		Samyang Corp		488
	3,599		Samyang Holdings Corp		297
	110,720	e	Sanderson Farms, Inc		9,738
	78,300		Sao Martinho S.A.		1,257
	1,455,000		Sapporo Holdings Ltd		5,595
	460,164		Saputo, Inc		12,873
	111,500		Sarawak Oil Palms BHD		202
	31,971		Schouw & Co		1,307
	995		Seaboard Corp		2,662
	32,994	*,e	Seneca Foods Corp		944
	468,500	*	Shanghai Dajiang Group		192
	2,770,000	e	Shenguan Holdings Group Ltd		926
	143,000		Showa Sangyo Co Ltd		523
	708,153		Shree Renuka Sugars Ltd		183
	7,128		Silla Co Ltd		176
	136,900		SLC Agricola S.A.		918
	2,128		Societa per la Bonifica dei Terreni Ferraresi e Imprese Agricole S.p.A.		75
	446,264	*	SOS Cuetara S.A.		220
	414,731		Souza Cruz S.A.		3,338
	362,074		Standard Foods Corp		815
	586,833		Stock Spirits Group plc		2,774
	37,064		Strauss Group Ltd		684
	105,436	e	Suedzucker AG.		1,648
	268,100		Suntory Beverage & Food Ltd		9,494
	431,000	e	Super Coffeemix Manufacturing Ltd		431
	207,398		Swedish Match AB		6,710
	56,007	*	Synlait Milk Ltd		149
	52,832	*,e	Synutra International, Inc		239
	162,100		Takara Holdings, Inc		1,234
	466,512		Tassal Group Ltd		1,500
	573,734		Tata Tea Ltd		1,476
	5,269,832		Tate & Lyle plc		50,231
	646,500		TDM BHD		184
	915,000	e	Tenwow International Holdings Ltd		363
	238,400		Tereos Internacional S.A.		252
	432,980		TH Plantations BHD		228
	915,200		Thai Vegetable Oil PCL		646
	2,333,000	e	Tibet 5100 Water Resources Holdings Ltd		859
	1,732,600		Tiga Pilar Sejahtera Food Tbk		325
	180,587		Tiger Brands Ltd		5,043
	2,525,900		Tingyi Cayman Islands Holding Corp		6,636
	196,154		Tongaat Hulett Ltd		2,704
	55,862	e	Tootsie Roll Industries, Inc		1,564
	35,259		Toyo Suisan Kaisha Ltd		1,171

80

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	463,950		Treasury Wine Estates Ltd	$	1,715
	175,976	*	TreeHouse Foods, Inc		14,166
	9,016		TS Corp		292
	465,100		TSH Resources BHD		495
	487,086	e	Tsingtao Brewery Co Ltd		3,463
	118,000		Ttet Union Corp		277
	1,792,534		Tyson Foods, Inc (Class A)		70,572
	167,497		Ulker Biskuvi Sanayi AS		1,108
	2,858,497		Unilever NV		113,440
	2,552,351		Unilever plc		106,836
	1,640,204	e	Uni-President China Holdings Ltd		1,643
	5,432,420		Uni-President Enterprises Corp		9,422
	72,496		United Breweries Ltd		835
	3,420		United International Enterprises		662
	101,144		United Spirits Ltd		3,935
	84,352	e	Universal Corp		3,744
	3,022,305		Universal Robina		12,550
	266,444	*	Vanguarda Agro S.A.		218
	220,710	e	Vector Group Ltd		4,895
	10,273		Vilmorin & Cie		1,098
	1,355,962		Vina Concha y Toro S.A.		2,657
	43,955		Viscofan S.A.		2,408
	2,540		Vranken - Pommery Monopole		83
	7,406,800	e	Want Want China Holdings Ltd		9,248
	34,100		Warabeya Nichiyo Co Ltd		612
	328,000		Wei Chuan Food Corp		388
	1,498,499	*	WhiteWave Foods Co (Class A)		54,440
	3,597,067		Wilmar International Ltd		8,701
	11,669		Yakult Honsha Co Ltd		613
	75,735		Yamazaki Baking Co Ltd		975
	12,961		Yantai Changyu Pioneer Wine Co		42
	843,000		Yashili International		229
	1,019,000	*,e	YuanShengTai Dairy Farm Ltd		163
	7,065		Zydus Wellness Ltd		73
			TOTAL FOOD, BEVERAGE & TOBACCO		5,971,298
HEALTH CARE EQUIPMENT & SERVICES - 3.6%
	68,699	e	Abaxis, Inc		3,484
	7,267,301		Abbott Laboratories		302,247
	129,452	*,e	Abiomed, Inc		3,214
	216,891	*,e	Acadia Healthcare Co, Inc		10,519
	226,091	*,e	Accuray, Inc		1,641
	58,579	*	Addus HomeCare Corp		1,148
	8,920	*	Adeptus Health, Inc		222
	497,146		Advanced Computer Software Group plc		931
	317,210		Advanced Medical Solutions Group plc		627
	1,875,638		Aetna, Inc		151,927
	371,238	*	AGFA-Gevaert NV		979
	62,626	*,m	AGFA-Gevaert NV Brussels (Strip VVPR)		0	^
	205,238	e	Air Methods Corp		11,401
	369,048		Al Noor Hospitals Group plc		6,091
	455,936	e	Alfresa Holdings Corp		6,564

81

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	230,876	*	Align Technology, Inc	$	11,932
	31,314	*,e	Alliance HealthCare Services, Inc		708
	753,044	*	Allscripts Healthcare Solutions, Inc		10,102
	31,918		Almost Family, Inc		867
	103,801	*	Amedisys, Inc		2,094
	781,628		AmerisourceBergen Corp		60,420
	192,791	*	AMN Healthcare Services, Inc		3,027
	209,880		Amplifon S.p.A.		1,175
	206,706	*	Amsurg Corp		10,346
	46,572		Analogic Corp		2,979
	88,996	*	Angiodynamics, Inc		1,221
	98,422	*	Anika Therapeutics, Inc		3,608
	158,238		Ansell Ltd		2,692
	338,337	*,e	Antares Pharma, Inc		619
	109,954		Apex Biotechnology Corp		198
	80,514		Apollo Hospitals Enterprise Ltd		1,458
	860,345		Arseus NV		41,625
	13,400	*	As One Corp		421
	22,300	e	Asahi Intecc Co Ltd		1,021
	73,564	*,e	athenahealth, Inc		9,688
	85,112	*	AtriCure, Inc		1,253
	5,035		Atrion Corp		1,536
	96,844	e	Balda AG.		369
	2,397,350		Bangkok Chain Hospital PCL		752
	3,491,000		Bangkok Dusit Medical Services PCL		1,988
	561,614		Bard (C.R.), Inc		80,148
	1,295,489		Baxter International, Inc		92,977
	349,766		Becton Dickinson & Co		39,807
	75,869	*,e	Bio-Reference Labs, Inc		2,129
	250,763	*,e	BioScrip, Inc		1,733
	1,019,000	e	Biosensors International Group Ltd		574
	83,695	*	BioTelemetry, Inc		562
	29,100		BML, Inc		919
	3,357,126	*	Boston Scientific Corp		39,648
	118,781	*	Brookdale Senior Living, Inc		3,827
	334,500		Bumrungrad Hospital PCL		1,358
	131,731		Cantel Medical Corp		4,529
	85,885	*	Capital Senior Living Corp		1,823
	1,312,342		Cardinal Health, Inc		98,321
	82,848	*	Cardiovascular Systems, Inc		1,958
	1,353,451	*	CareFusion Corp		61,244
	32,290	e	Carl Zeiss Meditec AG.		937
	1,225	*,e	Carmat		125
	39,469	*,e	Castlight Health, Inc		511
	879,556	*	Catamaran Corp		37,073
	523,850	*	Catamaran Corp (Toronto)		22,063
	11,181	*,e	Cegedim S.A.		352
	69,332		Celesio AG.		2,302
	357,964	*	Centene Corp		29,607
	627,194	*	Cerner Corp		37,362
	209,874	*,e	Cerus Corp		842
	38,429	*	CHA Bio & Diostech Co Ltd		436

82

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	91,333		CHC Healthcare Group	$	206
	55,576	e	Chemed Corp		5,719
	1,013,000	e	China Pioneer Pharma Holdings Ltd		800
	1,179,949		Cigna Corp		107,010
	94,930	e	Cochlear Ltd		5,773
	271,975		Coloplast AS		22,745
	401,078		Community Health Systems, Inc		21,975
	34,215		CompuGroup Medical AG.		819
	44,460		Computer Programs & Systems, Inc		2,556
	102,163		Conmed Corp		3,764
	31,400		Consort Medical plc		494
	206,198		Cooper Cos, Inc		32,115
	800,000	e	Cordlife Group Ltd		698
	57,761	*	Corvel Corp		1,967
	1,927,266		Covidien plc		166,728
	114,490	*	Cross Country Healthcare, Inc		1,064
	284,436		Cruz Blanca Salud S.A.		235
	103,914		CryoLife, Inc		1,026
	132,670	*	Cyberonics, Inc		6,787
	77,059	*	Cynosure, Inc (Class A)		1,618
	1,067,736	*	DaVita, Inc		78,094
	146,154		Dentsply International, Inc		6,665
	80,701	*,e	Derma Sciences, Inc		672
	222,051	*	DexCom, Inc		8,880
	59,700		Diagnosticos da America S.A.		294
	22,218	e	DiaSorin S.p.A.		834
	6,304		Draegerwerk AG.		558
	2,933		Draegerwerk AG. & Co KGaA		236
	344,001	*	Edwards Lifesciences Corp		35,140
	13,600		Eiken Chemical Co Ltd		233
	122,272	e	Elekta AB (B Shares)		1,202
	191,933	*	Endologix, Inc		2,034
	71,433		Ensign Group, Inc		2,486
	386,625	*	Envision Healthcare Holdings, Inc		13,408
	143,353	*	Espirito Santo Saude SGPS S.A.		885
	567,881		Essilor International S.A.		62,278
	35,441	*,e	Exactech, Inc		811
	103,201	*	ExamWorks Group, Inc		3,380
	226,000		Excelsior Medical Co Ltd		405
	1,991,417	*	Express Scripts Holding Co		140,654
	215,231	e	Extendicare, Inc		1,580
	551,900		Faber Group BHD		548
	1,363,759		Fisher & Paykel Healthcare Corp		5,525
	157,037	*	Five Star Quality Care, Inc		592
	145,000		Fleury S.A.		838
	83,226	*	Fortis Healthcare Ltd		158
	165,189		Fresenius Medical Care AG.		11,506
	260,079		Fresenius SE		12,840
	18,800	*	Fukuda Denshi Co Ltd		1,041
	6,518	e	Galenica AG.		5,736
	125,893	*,e	GenMark Diagnostics, Inc		1,129
	112,360	*	Gentiva Health Services, Inc		1,885

83

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	72,507		Getinge AB (B Shares)	$	1,820
	63,000		Ginko International Co Ltd		847
	326,936	*	Globus Medical, Inc		6,431
	461,802		GN Store Nord		10,166
	10,085,521	e	Golden Meditech Holdings Ltd		1,623
	92,211	*	Greatbatch, Inc		3,929
	32,900		Green Hospital Supply, Inc		1,052
	46,568		Greencross Ltd		399
	13,085		Guerbet		674
	189,843	*	Haemonetics Corp		6,629
	129,832	*	Hanger Orthopedic Group, Inc		2,664
	609,900		Hartalega Holdings BHD		1,316
	1,907,614		HCA Holdings, Inc		134,525
	548,293	*	Health Net, Inc		25,282
	14,703	*	HealthEquity, Inc		269
	390,021		Healthsouth Corp		14,392
	71,077	*	HealthStream, Inc		1,707
	106,445	*	Healthways, Inc		1,705
	50,279	*	HeartWare International, Inc		3,903
	112,727	*	Henry Schein, Inc		13,129
	199,462		Hill-Rom Holdings, Inc		8,264
	258,381	*,e	HMS Holdings Corp		4,870
	11,400		Hogy Medical Co Ltd		604
	2,971,701	*	Hologic, Inc		72,301
	490,281		Humana, Inc		63,879
	51,762	*	ICU Medical, Inc		3,322
	150,712	*	Idexx Laboratories, Inc		17,758
	3,045,900		IHH Healthcare BHD		4,717
	5,976	*	Imprivata, Inc		93
	146,779	*,e	IMS Health Holdings, Inc		3,844
	14,892	*	Infinitt Healthcare Co Ltd		111
	15,493	*,e	Inogen Inc		319
	544,091	*,e	Insulet Corp		20,050
	86,590	*	Integra LifeSciences Holdings Corp		4,298
	126,618	*	Intuitive Surgical, Inc		58,475
	120,503		Invacare Corp		1,423
	142,246	*	Inverness Medical Innovations, Inc		5,516
	17,276	*	Ion Beam Applications		303
	56,195	*	IPC The Hospitalist Co, Inc		2,517
	13,575	*	i-SENS Inc		731
	342,000		Jeol Ltd		1,610
	1,897,000	e	Jintian Pharmaceutical Group Ltd		789
	24,718	*,e	K2M Group Holdings, Inc		357
	231,084		Kindred Healthcare, Inc		4,483
	71,311		Korian-Medica		2,692
	809,900		Kossan Rubber Industries		1,094
	1,416,173		KPJ Healthcare BHD		1,676
	348,917	*	Laboratory Corp of America Holdings		35,502
	28,985		Landauer, Inc		957
	47,866	*,e	LDR Holding Corp		1,490
	36,000	e	Leisureworld Senior Care Corp		431
	52,447	*	LHC Group, Inc		1,217

84

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	2,649,085		Life Healthcare Group Holdings Pte Ltd	$	10,443
	80,786	*	LifePoint Hospitals, Inc		5,590
	210,000	*,e	Lifetech Scientific Corp		335
	132,821	*	Magellan Health Services, Inc		7,269
	5,700		Mani, Inc		342
	158,128		Masimo Corp		3,365
	1,498,250		McKesson Corp		291,664
	316,882	*	MedAssets, Inc		6,566
	66,400	e	Medical Facilities Corp		940
	7,679		Medicare Group		275
	183,336		Mediceo Paltac Holdings Co Ltd		2,228
	420,452		Mediclinic International Ltd		3,425
	163,772	*	Medidata Solutions, Inc		7,253
	42,588	*	Medipost Co Ltd		2,555
	3,333,864		Medtronic, Inc		206,533
	203,111	*	Merge Healthcare, Inc		447
	129,669	e	Meridian Bioscience, Inc		2,294
	158,844	*	Merit Medical Systems, Inc		1,887
	38,000		Message Co Ltd		1,305
	805,753		Metlifecare Ltd		2,893
	162,500		Microlife Corp		383
	533,000		Microport Scientific Corp		256
	106,606		Miraca Holdings, Inc		4,412
	92,342	*	Molina Healthcare, Inc		3,906
	39,958	*	MWI Veterinary Supply, Inc		5,930
	18,436		Nagaileben Co Ltd		358
	26,300	*	Nakanishi, Inc		968
	37,781	e	National Healthcare Corp		2,097
	31,359	*	National Research Corp		408
	217,662	*	Natus Medical, Inc		6,423
	112,818	*	Neogen Corp		4,456
	1,695,490		Network Healthcare Holdings Ltd		4,739
	42,200		Nichii Gakkan Co		334
	126,500		Nihon Kohden Corp		6,638
	73,867		Nikkiso Co Ltd		814
	264,000	e	Nipro Corp		2,193
	192,249		Nobel Biocare Holding AG.		3,400
	187,404	*	NuVasive, Inc		6,535
	183,607	*	NxStage Medical, Inc		2,411
	10,539	*	Ocular Therapeutix, Inc		158
	252,319		Odontoprev S.A.		917
	1,933,897	*	Olympus Corp		69,351
	818,355		Omnicare, Inc		50,951
	204,507	*	Omnicell, Inc		5,589
	270,102	*	OraSure Technologies, Inc		1,950
	90,159		Oriola-KD Oyj (B Shares)		268
	101,314	e	Orpea		6,295
	67,031	*	Orthofix International NV		2,075
	11,545	*	Osstem Implant Co Ltd		464
	226,883	e	Owens & Minor, Inc		7,428
	39,518	*,e	Oxford Immunotec Global plc		603
	46,377		Paramount Bed Holdings Co Ltd		1,330

85

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	91,497	e	Patterson Cos, Inc	$	3,791
	498,047	*	Pediatrix Medical Group, Inc		27,303
	163,475		Pharmaniaga BHD		231
	111,521	*	PharMerica Corp		2,724
	110,000		Phoenix Healthcare Group Co Ltd		175
	142,368		Phonak Holding AG.		22,684
	46,968	*,e	PhotoMedex, Inc		291
	148,000	*	Pihsiang Machinery Manufacturing Co Ltd		257
	253,026	*	Premier, Inc		8,314
	837,430		Primary Health Care Ltd		3,199
	11,500		Profarma Distribuidora de Produtos Farmaceuticos S.A.		53
	78,116	*	Providence Service Corp		3,779
	306,400	*	PT Siloam International Hospitals Tbk		378
	251,000	*	PW Medtech Group Ltd		133
	225,308	*	Qualicorp S.A.		2,229
	153,787		Quality Systems, Inc		2,118
	278,296	e	Quest Diagnostics, Inc		16,887
	85,229	*,e	Quidel Corp		2,290
	206,362	*	RadNet, Inc		1,366
	308,267	e	Raffles Medical Group Ltd		930
	218,293		Ramsay Health Care Ltd		9,566
	4,518,000		Religare Health Trust		3,365
	286,477	e	Resmed, Inc		14,115
	89,205		Rhoen Klinikum AG.		2,700
	143,642	*,e	Rockwell Medical Technologies, Inc		1,313
	210,506	*	RTI Biologics, Inc		1,006
	929,718		Ryman Healthcare Ltd		5,665
	12,045		Sartorius AG.		1,362
	5,187	e	Sartorius Stedim Biotech		866
	297,468		Selcuk Ecza Deposu Ticaret ve Sanayi AS		273
	325,075		Select Medical Holdings Corp		3,911
	2,042,994		Shandong Weigao Group Medical Polymer Co Ltd		2,015
	2,026,562		Shanghai Pharmaceuticals Holding Co Ltd		4,954
	139,681		Shenzhen Accord Pharmaceutical Co Ltd		725
	3,014,854		Sigma Pharmaceuticals Ltd		2,081
	1,109,247		Sinopharm Group Co		4,053
	156,382	*	Sirona Dental Systems, Inc		11,991
	131,427	*,e	Skilled Healthcare Group, Inc (Class A)		867
	935,585		Smith & Nephew plc		15,738
	209,600		So-net M3, Inc		3,361
	507,648		Sonic Healthcare Ltd		7,790
	324,129	*	Sorin S.p.A.		792
	155,028	*,e	Spectranetics Corp		4,119
	1,084,544		St. Jude Medical, Inc		65,214
	50,000		St. Shine Optical Co Ltd		1,067
	112,938	*	Staar Surgical Co		1,201
	194,635		STERIS Corp		10,503
	12,702		Stratec Biomedical Systems AG.		659
	12,405		Straumann Holding AG.		2,803
	854,994		Stryker Corp		69,041
	18,169		Suheung Capsule Co Ltd		944
	988,311	e	Summerset Group Holdings Ltd		2,189

86

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,280,400		Supermax Corp BHD	$	859
	48,276	*	Surgical Care Affiliates, Inc		1,290
	75,593	*	SurModics, Inc		1,373
	112,593		Suzuken Co Ltd		3,244
	149,570	*	Symmetry Medical, Inc		1,509
	81,482		Synergy Healthcare plc		1,933
	334,800		Sysmex Corp		13,482
	25,978	*,e	Tandem Diabetes Care, Inc		349
	276,477	*	Team Health Holdings, Inc		16,033
	13,985		Teleflex, Inc		1,469
	194,226	*	Tenet Healthcare Corp		11,535
	151,500		Terumo Corp		3,635
	273,639	*	Thoratec Corp		7,314
	80,500		Toho Pharmaceutical Co Ltd		1,540
	8,700		Tokai Corp (GIFU)		267
	899,300		Top Glove Corp BHD		1,357
	131,222	*	Tornier BV		3,136
	6,984,000	e	Town Health International Medical Group Ltd		1,196
	99,158	*,e	TransEnterix, Inc		432
	106,783	*,e	Triple-S Management Corp (Class B)		2,125
	20,766	*,e	TriVascular Technologies, Inc		301
	617,339	*,e	Trupanion, Inc		5,247
	24,300		Tsuki Corp		242
	307,476	*,e	Unilife Corp		706
	240,298		United Drug plc		1,289
	3,474,150		UnitedHealth Group, Inc		299,645
	153,480	e	Universal American Corp		1,234
	900,522		Universal Health Services, Inc (Class B)		94,105
	55,736		US Physical Therapy, Inc		1,973
	11,047		Utah Medical Products, Inc		539
	7,930		Value Added Technologies Co Lt		187
	137,007	*	Varian Medical Systems, Inc		10,977
	52,023	*	Vascular Solutions, Inc		1,285
	250,809	*	VCA Antech, Inc		9,864
	72,925	*,e	Veeva Systems, Inc		2,054
	20,577	*,e	Veracyte, Inc		201
	655,600		Vibhavadi Medical Center PCL		337
	230,805	e	Virtus Health Ltd		1,567
	75,000	e	VITAL KSK Holdings, Inc		658
	64,577	*	Vocera Communications, Inc		521
	150,526	*	Volcano Corp		1,602
	306,833	*	WellCare Health Plans, Inc		18,514
	1,457,903		WellPoint, Inc		174,394
	292,348		West Pharmaceutical Services, Inc		13,086
	18,134	*	William Demant Holding		1,391
	167,337	*	Wright Medical Group, Inc		5,070
	97,790	*,e	Zeltiq Aesthetics, Inc		2,213
	669,959		Zimmer Holdings, Inc		67,364
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		4,488,716
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
	9,916		Able C&C Co Ltd		278

87

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	21,300		Aderans Co Ltd	$	265
	4,772		Amorepacific Corp		10,801
	7,400	*	Artnature, Inc		201
	2,183,710		Avon Products, Inc		27,515
	34,171		Bajaj Corp Ltd		142
	1,180,220		Beiersdorf AG.		98,196
	9,350		Bioland Ltd		221
	175,663	*	Central Garden and Pet Co (Class A)		1,412
	703,000	e	China Child Care Corp Ltd		156
	533,926		Church & Dwight Co, Inc		37,460
	249,622	e	Clorox Co		23,974
	2,158,821		Colgate-Palmolive Co		140,798
	7,706	*	Cosmax, Inc		949
	352,895	e	Coty, Inc		5,840
	507,367		Dabur India Ltd		1,822
	12,300		Dr Ci:Labo Co Ltd		402
	113,200		DSG International Thailand PCL		30
	94,798	*,e	Elizabeth Arden, Inc		1,587
	247,135		Energizer Holdings, Inc		30,450
	1,174,681		Estee Lauder Cos (Class A)		87,772
	53,900	*,e	Euglena Co Ltd		673
	198,800		Fancl Corp		2,440
	62,792	e	Female Health Co		219
	168,821		Godrej Consumer Products Ltd		2,696
	107,000		Grape King Industrial Co		451
	362,380	*	Harbinger Group, Inc		4,754
	882,786		Hengan International Group Co Ltd		8,685
	83,122		Henkel KGaA		7,751
	392,980		Henkel KGaA (Preference)		39,122
	365,709	e	Herbalife Ltd		16,000
	1,131,171		Hindustan Lever Ltd		13,633
	365,816		Hypermarcas S.A.		2,627
	128,688	*,e	IGI Laboratories, Inc		1,199
	8,386		Inter Parfums S.A.		216
	104,137		Inter Parfums, Inc		2,864
	330,508		Jyothy Laboratories Ltd		1,282
	626,146		Kao Corp		24,434
	240,100	*	Karex BHD		208
	956,568		Kimberly-Clark Corp		102,898
	2,429,637		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		5,735
	25,300		Kobayashi Pharmaceutical Co Ltd		1,545
	13,836		Korea Kolmar Co Ltd		818
	8,390		Korea Kolmar Holdings Co Ltd		309
	113,300		Kose Corp		4,821
	16,467		LG Household & Health Care Ltd		7,902
	597,000		Lion Corp		3,210
	557,612		L’Oreal S.A.		88,434
	58,079		Mandom Corp		2,003
	47,279	*	Medifast, Inc		1,552
	389,924	*	Microbio Co Ltd		358
	10,400		Milbon Co Ltd		345
	179,450		Natura Cosmeticos S.A.		2,711

88

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	45,204		Nature’s Sunshine Products, Inc	$	670
	14,400		Noevir Holdings Co Ltd		272
	520,705	e	Nu Skin Enterprises, Inc (Class A)		23,447
	31,037		Nutraceutical International Corp		649
	4,733,000	e,m	NVC Lighting Holdings Ltd		809
	17,043		Oil-Dri Corp of America		444
	24,842	e	Orchids Paper Products Co		610
	41,400	e	Oriflame Cosmetics S.A.		714
	8,261		Pacific Corp		9,152
	45,800		Pigeon Corp		2,595
	22,700		Pola Orbis Holdings, Inc		891
	9,439,250		Procter & Gamble Co		790,443
	8,008,800		PT Industri Jamu Dan Farmasi Sido Muncul Tbk		424
	3,176,691		PT Unilever Indonesia Tbk		8,260
	608,735		Reckitt Benckiser Group plc		52,630
	40,011	*	Revlon, Inc (Class A)		1,268
	2,150,000	e	Ruinian International Ltd		731
	190,068	e	Shiseido Co Ltd		3,135
	53,200		Spectrum Brands, Inc		4,816
	924,784		Svenska Cellulosa AB (B Shares)		21,974
	359,115		Uni-Charm Corp		8,185
	19,260	*,e	USANA Health Sciences, Inc		1,419
	466,000	e	Vinda International Holdings Ltd		702
	68,814		WD-40 Co		4,677
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		1,761,083
INSURANCE - 4.2%
	3,279,155		ACE Ltd		343,885
	166,324		Admiral Group plc		3,449
	409,921		Aegon NV		3,375
	785,431		Aflac, Inc		45,751
	221,005		Ageas		7,327
	18,872,207		AIA Group Ltd		97,395
	92,511		Aksigorta AS		110
	10,498	*	Alleghany Corp		4,390
	1,018,835		Allianz AG.		164,472
	220,851		Allied World Assurance Co Holdings Ltd		8,136
	4,224,405		Allstate Corp		259,252
	75,268	*	Alm Brand AS		431
	164,300	*,e	AMBAC Financial Group, Inc		3,631
	267,581		American Equity Investment Life Holding Co		6,122
	513,597		American Financial Group, Inc		29,732
	4,919,091		American International Group, Inc		265,729
	10,098		American National Insurance Co		1,135
	69,191		Amerisafe, Inc		2,706
	1,368,213		Amlin plc		9,600
	3,727,550		AMP Ltd		17,779
	93,800	e	Amtrust Financial Services, Inc		3,735
	89,998		Anadolu Hayat Emeklilik AS		182
	268,393	*	Anadolu Sigorta		164
	566,412		Aon plc		49,657
	26,318	e	April Group		527

89

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	183,180	*	Arch Capital Group Ltd	$	10,024
	95,809		Argo Group International Holdings Ltd		4,820
	124,694		Arthur J. Gallagher & Co		5,656
	254,375		Aspen Insurance Holdings Ltd		10,880
	790,271		Assicurazioni Generali S.p.A.		16,570
	214,758		Assurant, Inc		13,809
	107,736		Assured Guaranty Ltd		2,387
	33,278	*,e	Atlas Financial Holdings, Inc		461
	5,196,139		Aviva plc		43,960
	4,054,172		AXA S.A.		99,865
	1,933,758		Axis Capital Holdings Ltd		91,525
	4,146		Bajaj Finserv Ltd		76
	35,825		Baldwin & Lyons, Inc (Class B)		885
	102,692		Baloise Holding AG.		13,127
	1,061,700		BB Seguridade Participacoes S.A.		13,967
	1,076,131		Beazley plc		4,732
	4,789,801	*	Berkshire Hathaway, Inc (Class B)		661,663
	225,700		Brazil Insurance Participco		738
	76,944		Brown & Brown, Inc		2,474
	19,375,347		Cathay Financial Holding Co Ltd		31,492
	912,529		Catlin Group Ltd		7,694
	229,670		Chesnara plc		1,322
	1,131,389	*	China Insurance International Holdings Co Ltd		2,453
	10,584,124		China Life Insurance Co Ltd		29,419
	3,060,982		China Life Insurance Co Ltd (Taiwan)		2,523
	3,209,600		China Pacific Insurance Group Co Ltd		11,278
	225,614		Chubb Corp		20,549
	102,943		Cincinnati Financial Corp		4,843
	165,336	*,e	Citizens, Inc (Class A)		1,068
	22,930		Clal Insurance		389
	4,277,241		ClearView Wealth Ltd		4,029
	29,705		CNA Financial Corp		1,130
	340,956		CNP Assurances		6,418
	796,760		Conseco, Inc		13,513
	969,787		Corp Mapfre S.A.		3,428
	283,923		Cover-More Group Ltd		542
	92,724		Crawford & Co (Class B)		765
	2,479,100		Dai-ichi Mutual Life Insurance Co		36,826
	96,123		Delta Lloyd NV		2,316
	4,358,396		Direct Line Insurance Group plc		20,743
	353,826		Discovery Holdings Ltd		3,076
	27,633		Donegal Group, Inc (Class A)		424
	46,216		Dongbu Insurance Co Ltd		2,600
	55,930	*	eHealth, Inc		1,350
	20,414		EMC Insurance Group, Inc		590
	105,017		Employers Holdings, Inc		2,022
	105,044		Endurance Specialty Holdings Ltd		5,796
	34,653	*	Enstar Group Ltd		4,724
	28,962		Erie Indemnity Co (Class A)		2,196
	634,193		esure Group plc		2,368
	27,974		Euler Hermes S.A.		2,986
	261,789		Everest Re Group Ltd		42,412

90

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	15,646		Fairfax Financial Holdings Ltd	$	7,010
	23,230	e	FBD Holdings plc		430
	40,324		FBL Financial Group, Inc (Class A)		1,802
	55,325	e	Federated National Holding Co		1,554
	50,193		Fidelity & Guaranty Life		1,072
	389,044	e	First American Financial Corp		10,551
	1,201,647		FNF Group		33,334
	167,737		Fondiaria-Sai S.p.A		472
	987,934	*	Genworth Financial, Inc (Class A)		12,942
	1,069,720	e	Gjensidige Forsikring BA		22,627
	525,950	e	Great-West Lifeco, Inc		15,126
	102,702	*	Greenlight Capital Re Ltd (Class A)		3,329
	41,698		Grupo Catalana Occidente S.A.		1,220
	49,118	*	Hallmark Financial Services		506
	139,702		Hannover Rueckversicherung AG.		11,275
	110,619		Hanover Insurance Group, Inc		6,794
	32,656	*	Hanwha Non-Life Insurance Co Ltd		181
	110,790		Harel Insurance Investments & Finances Ltd		599
	4,097,442		Hartford Financial Services Group, Inc		152,630
	82,553		HCC Insurance Holdings, Inc		3,986
	29,097	e	HCI Group, Inc		1,047
	5,584		Helvetia Holding AG.		2,704
	19,442	*,e	Heritage Insurance Holdings, Inc		293
	965,126	*	Hilltop Holdings, Inc		19,351
	446,916		Hiscox Ltd		4,564
	176,845		Horace Mann Educators Corp		5,042
	174,583		Hyundai Marine & Fire Insurance Co Ltd		4,811
	30,048		Independence Holding Co		399
	131,114		Industrial Alliance Insurance and Financial Services, Inc		5,429
	51,749		Infinity Property & Casualty Corp		3,312
	122,084		ING Canada, Inc		7,904
	2,600,967		Insurance Australia Group Ltd		13,940
	196,203		Jardine Lloyd Thompson Group plc		3,095
	169,060	*	Just Retirement Group plc		359
	15,132	e	Kansas City Life Insurance Co		671
	181,324		Kemper Corp		6,192
	455,611		Korea Life Insurance Co Ltd		3,064
	97,224		Korean Reinsurance Co		1,040
	184,280		Lancashire Holdings Ltd		1,912
	19,180,338	e	Legal & General Group plc		70,973
	267,055		Liberty Holdings Ltd		2,914
	65,715		LIG Insurance Co Ltd		1,737
	947,466		Lincoln National Corp		50,765
	195,788		Loews Corp		8,157
	32,167	*	Lotte Non-Life Insurance Co Ltd		91
	219,296		Maiden Holdings Ltd		2,430
	2,658,313		Manulife Financial Corp		51,127
	9,131	*	Markel Corp		5,809
	3,496,718		Marsh & McLennan Cos, Inc		183,018
	206,758		MAX India Ltd		1,071
	91,347	*	MBIA, Inc		839
	186,622		Meadowbrook Insurance Group, Inc		1,092

91

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	226,973		Mediolanum S.p.A.	$	1,603
	45,210		Menorah Mivtachim Holdings Ltd		515
	466,202	*	Mercuries Life Insurance Co Lt		273
	17,969		Mercury General Corp		877
	131,358		Meritz Fire & Marine Insurance Co Ltd		1,629
	7,287,752		Metlife, Inc		391,498
	1,115,563		Metropolitan Holdings Ltd		2,588
	902,665		Migdal Insurance Holdings Ltd		1,319
	2,065,588		Millea Holdings, Inc		64,090
	659,391		Mitsui Sumitomo Insurance Group Holdings, Inc		14,383
	142,433		Montpelier Re Holdings Ltd		4,428
	220,307		Muenchener Rueckver AG.		43,459
	149,661	e	National General Holdings Corp		2,528
	24,441	e	National Interstate Corp		682
	8,109		National Western Life Insurance Co (Class A)		2,003
	44,594	*	Navigators Group, Inc		2,743
	1,177,804		New China Life insurance Co Ltd		4,103
	828,433		NKSJ Holdings, Inc		20,097
	1,399,162		Old Mutual plc		4,104
	290,020		Old Republic International Corp		4,142
	98,103		OneBeacon Insurance Group Ltd (Class A)		1,512
	340,517		PartnerRe Ltd		37,419
	361,953	e	Partnership Assurance Group plc		616
	9,688,805	e	People’s Insurance Co Group of China Ltd		3,950
	20,995	*	Phoenix Cos, Inc		1,177
	361,142		Phoenix Group Holdings		4,257
	121,366		Phoenix Holdings Ltd		390
	6,341,831		PICC Property & Casualty Co Ltd		11,249
	2,878,700		Ping An Insurance Group Co of China Ltd		21,599
	96,005		Platinum Underwriters Holdings Ltd		5,844
	401,104		Porto Seguro S.A.		4,655
	556,456	e	Power Corp Of Canada		15,442
	465,302	e	Power Financial Corp		14,234
	155,685		Powszechny Zaklad Ubezpieczen S.A.		22,579
	197,910		Primerica, Inc		9,543
	835,775		Principal Financial Group		43,853
	108,208		ProAssurance Corp		4,769
	1,103,555		Progressive Corp		27,898
	93,586		Protective Life Corp		6,496
	2,580,412		Prudential Financial, Inc		226,921
	5,812,337		Prudential plc		129,216
	56,756,000		PT Panin Insurance Tbk		3,051
	90,703,700	*	PT Panin Life Tbk		2,067
	66,254		Qatar Insurance Co SAQ		1,792
	1,417,729		QBE Insurance Group Ltd		14,438
	220,000		Qualitas Controladora SAB de C.V.		590
	337,874		Reinsurance Group of America, Inc (Class A)		27,074
	160,317		RenaissanceRe Holdings Ltd		16,030
	630,997		Resolution Ltd		3,142
	158,771		RLI Corp		6,873
	697,172		RMI Holdings		2,187
	244,216	*	RSA Insurance Group plc		1,918

92

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	52,895		Safety Insurance Group, Inc	$	2,852
	1,179,979		Sampo Oyj (A Shares)		57,054
	84,617		Samsung Fire & Marine Insurance Co Ltd		22,648
	73,595		Samsung Life Insurance Co Ltd		7,390
	4,119,515		Sanlam Ltd		23,775
	10,946	e	Schweizerische National-Versicherungs-Gesellschaft		954
	335,300		SCOR		10,472
	234,718		Selective Insurance Group, Inc		5,197
	8,139,955		Shin Kong Financial Holding Co Ltd		2,467
	265,000		Shinkong Insurance Co Ltd		209
	89,007	e	Societa Cattolica di Assicurazioni SCRL		1,549
	479,134		Sony Financial Holdings, Inc		7,750
	646,733		St. James’s Place plc		7,627
	27,245		Stancorp Financial Group, Inc		1,721
	2,088,900		Standard Life plc		13,977
	56,012		State Auto Financial Corp		1,149
	459,615	e	Steadfast Group Ltd		602
	80,045		Stewart Information Services Corp		2,349
	446,675	*	Storebrand ASA		2,486
	181,433		Sul America SA		1,128
	771,508	e	Sun Life Financial, Inc		27,968
	1,419,028		Suncorp-Metway Ltd		17,442
	18,645		Swiss Life Holding		4,443
	1,002,392		Swiss Re Ltd		79,773
	113,700		Syarikat Takaful Malaysia BHD		430
	274,476		Symetra Financial Corp		6,404
	2,475,434		T&D Holdings, Inc		31,809
	403,000		Taiwan Fire & Marine Insurance Co		303
	501,409	*	Taiwan Life Insurance Co Ltd		324
	2,372,288	*	Third Point Reinsurance Ltd		34,517
	34,994		Tong Yang Life Insurance		380
	93,076	*	Topdanmark AS		2,816
	543,446		Torchmark Corp		28,460
	739,692		Travelers Cos, Inc		69,487
	35,282		TrygVesta AS		3,660
	941,400		Tune Ins Holdings BHD		649
	978,682		Unipol Gruppo Finanziario S.p.A		4,714
	681,218		Unipol Gruppo Finanziario S.p.A (Priv)		3,064
	274,182		Uniqa Versicherungen AG.		3,129
	30,199	*	United America Indemnity Ltd		762
	75,675		United Fire & Casualty Co		2,102
	82,103		United Insurance Holdings Corp		1,232
	95,325	e	Universal Insurance Holdings, Inc		1,233
	702,140		UnumProvident Corp		24,140
	170,805		Validus Holdings Ltd		6,685
	56,742		Vittoria Assicurazioni S.p.A.		689
	179,348		W.R. Berkley Corp		8,573
	5,088		White Mountains Insurance Group Ltd		3,206
	49,006		Wiener Staedtische Allgemeine Versicherung AG.		2,208
	581		Willis Group Holdings plc		24
	899,224		XL Capital Ltd		29,827
	239,657		Zurich Financial Services AG.		71,323
			TOTAL INSURANCE		5,237,144

93

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
MATERIALS - 5.0%
	104,885		A. Schulman, Inc	$	3,793
	549,177		Acerinox S.A.		8,435
	883,083		ACHEM Technology Corp		571
	187,000		Achilles Corp		262
	50,000		Acron JSC (GDR)		157
	57,167		Adana Cimento		120
	82,300		ADEKA Corp		1,089
	1,025,589		Adelaide Brighton Ltd		2,881
	134,107	*	Advanced Emissions Solutions, Inc		2,852
	25,106	*	Advanced Metallurgical Group NV		217
	163,403		Aeci Ltd		1,734
	13,474	*	AEP Industries, Inc		510
	170,857		African Barrick Gold Ltd		606
	239,487	*,e	African Minerals Ltd		67
	163,870		African Oxygen Ltd		266
	107,878		African Rainbow Minerals Ltd		1,366
	326,734		Agnico-Eagle Mines Ltd		9,449
	160,931	e	Agrium, Inc		14,306
	297,000		Aichi Steel Corp		1,091
	735,400	*,e	Ainsworth Lumber Co Ltd		1,779
	107,090		Air Liquide		13,057
	221,956		Air Products & Chemicals, Inc		28,894
	114,422		Air Water, Inc		1,704
	44,995		Airgas, Inc		4,979
	14,343		AK Holdings, Inc		839
	607,744	*,e	AK Steel Holding Corp		4,868
	84,977		Akcansa Cimento AS		536
	1,120,563		Akzo Nobel NV		76,670
	199,970		Alamos Gold, Inc		1,594
	926,212	e	Albemarle Corp		54,554
	4,019,212		Alcoa, Inc		64,669
	2,956,163		Alent plc		15,719
	20,000		Alexandria Mineral Oils Co		224
	238,242		Allegheny Technologies, Inc		8,839
	375,153	*,e	Allied Nevada Gold Corp		1,242
	870,600		Alpek SAB de C.V.		1,602
	276,873	e	Altri SGPS S.A.		807
	3,009,801	*	Alumina Ltd		4,458
	5,173,171	*,e	Aluminum Corp of China Ltd		2,105
	6,771	f	AMAG Austria Metall AG. (purchased 5/31/12, cost $160)		216
	1,006,936		Ambuja Cements Ltd		3,473
	2,766,805		Amcor Ltd		27,406
	106,911	e	American Vanguard Corp		1,197
	31,083		Ampco-Pittsburgh Corp		622
	3,729,000		AMVIG Holdings Ltd		1,704
	283,806		Anadolu Cam Sanayii AS		203
	563,600		Anatolia Minerals Development Ltd		1,057
	425,300		Anglo American plc (London)		9,485
	63,024	*,e	Anglo Platinum Ltd		2,040

94

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	792,529	*	AngloGold Ashanti Ltd	$	9,580
	1,614,094	e	Anhui Conch Cement Co Ltd		5,151
	2,154,580		Antofagasta plc		25,071
	202,163	*,e	APERAM		6,310
	25,612		Aptargroup, Inc		1,555
	2,918,081	*	Aquarius Platinum Ltd		869
	259,602		ArcelorMittal		3,552
	153,000	*	Argonaut Gold, Inc		536
	10,394	e	Arkema		696
	25,874		Asahi Holdings, Inc		463
	1,956,529		Asahi Kasei Corp		15,911
	157,700	*	Asanko Gold, Inc		327
	633,458		Ashland, Inc		65,943
	1,291,000		Asia Cement China Holdings Corp		793
	1,794		Asia Cement Co Ltd		185
	3,717,635		Asia Cement Corp		4,748
	74,574		Asia Plastic Recycling Holding Ltd		103
	417,500		Asia Polymer		284
	424,312		Asian Paints Ltd		4,315
	28,156		Associated Cement Co Ltd		637
	85,432		Assore Ltd		1,626
	677,200		Atlas Consolidated Mining & Development		241
	852,076	e	Atlas Iron Ltd		313
	14,296	*	Auriga Industries (Class B)		742
	157,055		Avery Dennison Corp		7,013
	605,161		Axiall Corp		21,671
	639,235	*	B2Gold Corp		1,301
	147,916		Balchem Corp		8,368
	433,065		Ball Corp		27,400
	1,155,909		Barrick Gold Corp (Canada)		16,999
	1,102,820		BASF AG.		100,596
	6,839		BASF India Ltd		146
	56,861		Baticim Bati Anadolu Cimento Sanayii AS		166
	8,604		Bayer CropScience Ltd		336
	7,021,949		BBMG Corp		4,862
	101,475	e	BC Iron Ltd		143
	724,479	*	Beadell Resources Ltd		256
	96,311		Bekaert S.A.		3,209
	36,930		Bemis Co, Inc		1,404
	906,200		Bengang Steel Plates Co		342
	137,643		Berger Paints India Ltd		842
	7,325,178	*,a	Berry Plastics Group, Inc		184,887
	4,969,142		BHP Billiton Ltd		146,458
	5,996,421		BHP Billiton plc		165,865
	444,131		Billerud AB		6,276
	172,500	e	Bloomage Biotechnology Corp Ltd		295
	554,831	*	BlueScope Steel Ltd		2,627
	7,972	*	BNG Steel Co Ltd		166
	177,147	*	Boise Cascade Co		5,339
	451,643		Boliden AB		7,292
	1,376,696		Boral Ltd		5,989
	256,945		Borregaard ASA		1,476

95

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	47,043		Borusan Mannesmann Boru Sanayi	$	133
	213,250	*	Boryszew S.A.		437
	235,567		Bradespar S.A.		1,725
	180,596		Braskem S.A.		1,195
	70,572		Brush Engineered Materials, Inc		2,164
	1,223,172	e	Buzzi Unicem S.p.A.		16,629
	39,238		Buzzi Unicem S.p.A. RSP		328
	5,200	e	C Uyemura & Co Ltd		268
	167,212		Cabot Corp		8,489
	377,469		Caesarstone Sdot-Yam Ltd		19,508
	181,018	*	Calgon Carbon Corp		3,508
	89,900		Canam Group, Inc		855
	180,900	e	Canexus Corp		743
	269,368	*	Canfor Corp		6,032
	80,400		Canfor Pulp Products, Inc		819
	52,285		CAP S.A.		554
	29,150		Capro Corp		88
	340,911	*	Capstone Mining Corp		685
	79,072		Carclo plc		160
	26,659	e	Carpenter Technology Corp		1,204
	138,652		Cascades, Inc		761
	70,280	*,e	Castle (A.M.) & Co		600
	84,000		CCL Industries		8,394
	408,632		Celanese Corp (Series A)		23,913
	196,294		Cementir S.p.A.		1,169
	879,352		Cementos Argos S.A.		4,690
	454,922	*	Cemex Latam Holdings S.A.		4,044
	24,403,092	*,e	Cemex S.A. de C.V.		31,797
	1,207,803	*,e	Cemex SAB de C.V. (ADR)		15,750
	2,583,662		Centamin plc		2,561
	506,300		Centerra Gold, Inc		2,269
	192,765	*	Century Aluminum Co		5,006
	1,555,000		Century Sunshine Ecological Technology Holdings Ltd		193
	33,190		Century Textile & Industries Ltd		291
	244,657		CF Industries Holdings, Inc		68,313
	20,668		Chase Corp		643
	370,502	*	Chemtura		8,644
	1,528,560		Cheng Loong Corp		643
	515,925		Chia Hsin Cement Corp		252
	5,421,795		China BlueChemical Ltd		2,353
	913,764		China General Plastics Corp		350
	189,000		China Hi-ment Corp		446
	941,000	*	China Manmade Fibers Corp		270
	693,372		China Metal Products		724
	3,613,200	*,e,m	China Metal Recycling Holdings Ltd		5
	6,215,248	e	China National Building Material Co Ltd		5,633
	2,704,000		China National Materials Co Ltd		623
	2,456,078		China Petrochemical Development Corp		769
	3,816,000	*,e	China Precious Metal Resources Holdings Co Ltd		452
	1,422,000	*	China Rare Earth Holdings Ltd		187
	7,846,058		China Resources Cement Holdings Ltd		5,368
	1,743,000		China Sanjiang Fine Chemicals		900

96

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	5,182,200		China Shanshui Cement Group Ltd	$	1,850
	150,000		China Steel Chemical Corp		879
	12,714,132		China Steel Corp		10,864
	446,000		China Synthetic Rubber Corp		476
	1,232,000		China Vanadium Titano-Magnetite Mining Co Ltd		130
	496,000	*	Chongqing Iron & Steel Co Ltd		113
	150,038		Christian Hansen Holding		5,792
	50,000		Chugoku Marine Paints Ltd		376
	1,127,328		Chun Yuan Steel		443
	1,198,720	*	Chung Hung Steel Corp		307
	169,950	*	Chung Hwa Pulp Corp		50
	381,367		Cia de Minas Buenaventura S.A. (ADR) (Series B)		4,416
	735,568		Cia Siderurgica Nacional S.A.		2,614
	66,033		Ciech S.A.		824
	168,718		Cimsa Cimento Sanayi Ve Tica		1,093
	1,208,000	*	Citic Dameng Holdings		93
	1,869,065		Clariant AG.		31,918
	72,806	*	Clearwater Paper Corp		4,376
	2,229,351	e	Cliffs Natural Resources, Inc		23,141
	490,036	*,e	Coeur d’Alene Mines Corp		2,431
	430,198		Commercial Metals Co		7,343
	86,132	*,m	Companhia Vale do Rio Doce		0	^
	244,600	e	Companhia Vale do Rio Doce (ADR)		2,693
	157,864		Compass Minerals International, Inc		13,305
	441,475	*	Constellium NV		10,865
	98,812		Coromandel International Ltd		488
	76,900	*,e	Corp Durango SAB de C.V.		148
	3,437,000		CPMC Holdings Ltd		2,749
	603,158	e	CRH plc		13,698
	493		CRH plc (Ireland)		11
	31,535		Croda International plc		1,046
	103,700	*,e	Cronus Resources Ltd		269
	1,904,001	*	Crown Holdings, Inc		84,766
	1,745,961		CSR Ltd		5,087
	25,040,000	*	CST Mining Group Ltd		139
	134,765	*,e	Cudeco Ltd		183
	747,096		Cytec Industries, Inc		35,330
	1,298,200		D&L Industries Inc		376
	895,689		Daicel Chemical Industries Ltd		9,693
	42,530	e	Daido Steel Co Ltd		170
	56,000		Daiken Corp		147
	132,857		Dainichiseika Color & Chemicals Manufacturing Co Ltd		712
	731,845		Dainippon Ink and Chemicals, Inc		1,645
	244,872		Daio Paper Corp		2,078
	64,000		Daiso Co Ltd		209
	225,400	*	Danhua Chemical Technology Co Ltd		124
	18,968		DC Chemical Co Ltd		2,334
	34,142		Deltic Timber Corp		2,128
	1,399,000		Denki Kagaku Kogyo KK		4,586
	163,332	*	Detour Gold Corp		1,280
	178,324	*	Dominion Diamond Corp		2,533
	39,600		Domtar Corp		1,391

97

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	60,131		Dongkuk Steel Mill Co Ltd	$	355
	454,000		Dongpeng Holdings Co Ltd		174
	18,026		Dongsung Finetec Co Ltd		155
	4,609,000	e	Dongyue Group		1,726
	5,280,683		Dow Chemical Co		276,919
	345,000		Dowa Holdings Co Ltd		2,875
	932,535		DS Smith plc		4,009
	383,881		DSM NV		23,670
	1,336,767		Du Pont (E.I.) de Nemours & Co		95,926
	1,245,434		DuluxGroup Ltd		6,053
	111,500	*,e	Dundee Precious Metals, Inc		443
	49,087		Eagle Materials, Inc		4,999
	12,700		Earth Chemical Co Ltd		463
	216,445		Eastman Chemical Co		17,508
	261,607		Ecolab, Inc		30,040
	96,809		EID Parry India Ltd		359
	325,114	*	El Ezz Steel Co		844
	1,071,660		Eldorado Gold Corp		7,224
	987,485		Elementis plc		4,070
	2,411,302		Empresas CMPC S.A.		5,696
	21,951		EMS-Chemie Holding AG.		9,083
	292,538	*	Endeavour Mining Corp		175
	234,400	*	Endeavour Silver Corp		1,026
	21,405	e	Eramet		2,254
	5,630,989		Eregli Demir ve Celik Fabrikalari TAS		10,459
	9,772		Ess Dee Aluminium Ltd		64
	1,578,990		Eternal Chemical Co Ltd		1,639
	326,200		Eternit S.A.		525
	95,300		Eucatex S.A. Industria e Comercio		154
	33,492		Eugene Corp		110
	430,602		Everlight Chemical Industrial Corp		412
	159,707	*	Evolutec Group plc		389
	492,587	e	Evolution Mining Ltd		298
	368,755		Evonik Industries AG.		12,710
	617,083		Evraz plc		1,294
	97,750		Feng Hsin Iron & Steel Co		131
	83,200		Ferbasa-Ferro Ligas DA Bahia		316
	608,541		Ferrexpo plc		1,108
	213,982	*	Ferro Corp		3,101
	246,252	*	Fibria Celulose S.A.		2,700
	2,102,933		Filtrona plc		27,101
	116,700	*	First Majestic Silver Corp		910
	718,170		First Quantum Minerals Ltd		13,864
	1,695,411	e	Fletcher Building Ltd		11,621
	164,900	*,e	Flotek Industries, Inc		4,299
	349,755		FMC Corp		20,002
	55,113	*	Foosung Co Ltd		153
	4,044,400		Formosa Chemicals & Fibre Corp		9,349
	5,215,088		Formosa Plastics Corp		12,360
	459,000		Formosan Rubber Group, Inc		487
	873,432		Formosan Union Chemical		398
	10,929,142	e	Fortescue Metals Group Ltd		33,203

98

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	125,400	*	Fortuna Silver Mines, Inc	$	506
	2,488,451		Fosun International		2,987
	24,200	e	FP Corp		676
	209,059		Franco-Nevada Corp		10,261
	2,278,039		Freeport-McMoRan Copper & Gold, Inc (Class B)		74,378
	178,411	e	Fresnillo plc		2,188
	37,559		Frutarom Industries Ltd		953
	186,610		Fuchs Petrolub AG. (Preference)		7,054
	2,344,200	e	Fufeng Group Ltd		1,159
	20,952		Fuji Seal International, Inc		658
	14,700		Fujimi, Inc		208
	20,800		Fujimori Kogyo Co Ltd		624
	1,484,000		Furukawa-Sky Aluminum Corp		5,648
	2,515,800	e	Fushan International Energy Group Ltd		564
	84,225		FutureFuel Corp		1,001
	34,782,600	*	G J Steel PCL		86
	14,545,600	*	G Steel PCL		81
	221,170	*	Gabriel Resources Ltd		199
	276,342		Gammon Gold, Inc		965
	239,855	*	Gem Diamonds Ltd		747
	2,708,802		Gerdau S.A. (Preference)		13,036
	21,564		Givaudan S.A.		34,373
	147,372		Glatfelter		3,235
	687,600	*	Gleichen Resources Ltd		903
	9,828,761		Glencore Xstrata plc		54,435
	194,628		Globe Specialty Metals, Inc		3,540
	473,192		Gloria Material Technology Corp		356
	113,000		Godo Steel Ltd		166
	104,783		Godrej Industries Ltd		521
	779,831		Gold Fields Ltd		3,026
	222,186	*,e	Gold Resource Corp		1,138
	1,109,129		Goldcorp, Inc		25,571
	7,998,418		Goldsun Development & Construction Co Ltd		2,827
	3,591,000		Grand Pacific Petrochemical		1,625
	2,865,391	*	Graphic Packaging Holding Co		35,617
	605,755	*,m	Great Basin Gold Ltd		5
	181,000		Great China Metal Industry		190
	4,873,000	e	Greatview Aseptic Packaging Co		3,201
	11,646		Greif, Inc (Class A)		510
	47,780,560	*,e	G-Resources Group Ltd		1,211
	705,153		Grupo Argos S.A.		7,905
	169,324		Grupo Argos S.A.(Preference)		1,881
	626,886		Grupo Empresarial Ence S.A.		1,403
	9,093,430		Grupo Mexico S.A. de C.V. (Series B)		30,448
	112,000	*,e	Grupo Simec SAB de C.V.		502
	92,884		Gubre Fabrikalari TAS		160
	41,351		Gujarat Flourochemicals		452
	125,675		Gujarat State Fertilisers & Chemicals Ltd		233
	3,179,452	*,e,m	Gunns Ltd		28
	1,584	*,m	Gunns Ltd (Forest)		0	^
	119,042	*	Guyana Goldfields, Inc		274
	11,398	*	H&R WASAG AG.		99

99

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	159,678		H.B. Fuller Co	$	6,339
	23,210		Han Kuk Carbon Co Ltd		121
	12,020		Hanil Cement Manufacturing		1,555
	8,997		Hansol Chemical Co Ltd		250
	38,392		Hansol Paper Co		398
	115,389		Hanwha Chemical Corp		1,495
	48,659		Hanwha Corp		1,355
	410,146	*	Harmony Gold Mining Co Ltd		893
	37,971		Hawkins, Inc		1,365
	45,897		Haynes International, Inc		2,111
	444,680	*	Headwaters, Inc		5,576
	1,235,403	e	Hecla Mining Co		3,064
	31,446		HeidelbergCement AG.		2,070
	63,197		Hexpol AB (Series B)		5,032
	514,721	e	Highland Gold Mining Ltd		430
	1,249,448		Hindalco Industries Ltd		3,157
	126,282		Hitachi Chemical Co Ltd		2,243
	373,830		Hitachi Metals Ltd		6,738
	707,837		Ho Tung Chemical Corp		234
	182,228	*,e	Hochschild Mining plc		400
	542,029	e	Hokuetsu Paper Mills Ltd		2,225
	1,201,483		Holcim Ltd		87,410
	49,349		Holmen AB (B Shares)		1,498
	18,258		Honam Petrochemical Corp		2,425
	2,126,000	*	Honbridge Holdings Ltd		381
	182,527	*,e	Horsehead Holding Corp		3,017
	2,759,000		Huabao International Holdings Ltd		2,127
	219,800		Hubei Sanonda Co Ltd		273
	24,634		Huchems Fine Chemical Corp		551
	229,992		HudBay Minerals, Inc		1,965
	198,899		Huhtamaki Oyj		5,447
	1,646,000	*,e	Hunan Non-Ferrous Metal Ltd		562
	444,960		Huntsman Corp		11,565
	26,173		Hyosung Corp		1,874
	54,698		Hyundai Hysco		4,037
	155,020		Hyundai Steel Co		10,881
	374,000		IAMGOLD Corp		1,035
	29,900	e	Ihara Chemical Industry Co Ltd		273
	304,562	e	Iluka Resources Ltd		2,095
	51,574		Imerys S.A.		3,802
	543,920		Impala Platinum Holdings Ltd		4,185
	61,500	*	Imperial Metals Corp		477
	2,186,157		Incitec Pivot Ltd		5,179
	231,646		Independence Group NL		821
	186,337		India Cements Ltd		338
	1,252,178		Indorama Ventures PCL (Foreign)		985
	167,900	*,e	Industrias CH SAB de C.V.		909
	144,400	e	Industrias Penoles S.A. de C.V.		3,302
	721,570	m	Inner Mongolia Eerduosi Resourses Co Ltd		579
	101,205		Innophos Holdings, Inc		5,575
	107,451		Innospec, Inc		3,857
	180,000	*	Interfor Corp		2,596

100

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	250,652		International Flavors & Fragrances, Inc	$	24,033
	521,654		International Paper Co		24,904
	165,605	e	Intertape Polymer Group, Inc		2,406
	209,980	e	Intrepid Potash, Inc		3,244
	1,354,000	*	IRC Ltd		106
	441,000	*	Ishihara Sangyo Kaisha Ltd		362
	552,852		Israel Chemicals Ltd		3,971
	855	*	Israel Corp Ltd		481
	5,220		ISU Chemical Co Ltd		53
	191,622		Italcementi S.p.A.		1,224
	13,362		Italmobiliare S.p.A.		430
	36,235		Italmobiliare S.p.A. RSP		709
	499,300	*	Ivanhoe Mines Ltd		508
	112,772	*	Izmir Demir Celik Sanayi AS		140
	539,580		James Hardie Industries NV		5,645
	33,000	e	Japan Pile Corp		284
	33,121		Jastrzebska Spolka Weglowa S.A.		321
	70,500		Jaya Tiasa Holdings BHD		46
	460,111		JFE Holdings, Inc		9,191
	6,253,230		Jiangxi Copper Co Ltd		10,285
	97,784		Jindal Saw Ltd		127
	395,601		Jindal Steel & Power Ltd		1,103
	153,000	*	Jinshan Gold Mines, Inc		437
	398,265		Johnson Matthey plc		18,781
	15,100		JSP Corp		262
	259,555		JSR Corp		4,530
	104,174		JSW Steel Ltd		1,944
	68,040	e	K&S AG.		1,919
	67,801		Kaiser Aluminum Corp		5,168
	214,216		Kaneka Corp		1,200
	322,424		Kansai Paint Co Ltd		4,821
	356,658		Kapstone Paper and Packaging Corp		9,976
	56,654	*	Kardemir Karabuk Demir Celik S		61
	154,680	*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class A)		180
	774,175	*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D)		708
	484		Kartonsan Karton Sanayi		45
	281,081	*,e	Kazakhmys plc		1,200
	100,247	e	Kemira Oyj		1,319
	294,573		KGHM Polska Miedz S.A.		11,220
	318,000		Kian Joo Can Factory BHD		289
	1,646,401	*	Kinross Gold Corp		5,469
	9,871		KISCO Corp		302
	5,591		KISWIRE Ltd		263
	511,568		Klabin S.A.		2,475
	75,900		Klabin S.A. (Preference)		73
	35,559	e	KMG Chemicals, Inc		579
	24,000		Koatsu Gas Kogyo Co Ltd		130
	13,269,680		Kobe Steel Ltd		21,550
	34,734		Kolon Corp		763
	58,264		Kolon Industries, Inc		3,219

101

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	36,300		Konishi Co Ltd	$	651
	784		Konya Cimento Sanayii		82
	105,323		Koppers Holdings, Inc		3,493
	13,299		Korea Kumho Petrochemical		882
	20,109		Korea Petrochemical Ind Co Ltd		1,367
	13,956		Korea Zinc Co Ltd		5,145
	165,358		Koza Altin Isletmeleri AS		1,232
	187,725	*	Koza Anadolu Metal Madencilik Isletmeleri AS		147
	3,725		KPX Chemical Co Ltd		209
	121,149	*	Kraton Polymers LLC		2,158
	111,776	e	Kronos Worldwide, Inc		1,540
	13,623		Kukdo Chemical Co Ltd		610
	155,734	e	Kumba Iron Ore Ltd		3,668
	42,000		Kumiai Chemical Industry Co Ltd		257
	81,585		Kuraray Co Ltd		958
	474,000		Kureha CORP		2,336
	399,000		Kurimoto Ltd		869
	15,100		Kyoei Steel Ltd		281
	181,500	e	Labrador Iron Ore Royalty Corp		3,541
	855,420		Lafarge Malayan Cement BHD		2,686
	206,642		Lafarge S.A.		14,871
	97,773	*	Landec Corp		1,198
	889,544		Lanxess AG.		49,104
	376,000		Lee & Man Holding Ltd		224
	7,341,338		Lee & Man Paper Manufacturing Ltd		3,730
	218,448		LEE Chang Yung Chem IND Corp		120
	7,908	e	Lenzing AG.		489
	76,086		LG Chem Ltd		18,417
	10,472		LG Chem Ltd (Preference)		1,629
	348,112		Linde AG.		66,632
	10,459		Linde India Ltd		65
	52,400		Lintec Corp		1,108
	178,000		Lion Industries Corp BHD		35
	19,557		Lock & Lock Co Ltd		223
	1,473,901		Long Chen Paper Co Ltd		768
	452,290	*,e	Lonmin plc		1,356
	5,235,962	*,e	Louisiana-Pacific Corp		71,157
	71,457	*	LSB Industries, Inc		2,552
	476,000		Luks Group Vietnam Holdings Ltd		125
	522,981	*	Lundin Mining Corp		2,582
	2,530,962	*,e	Lynas Corp Ltd		176
	2,136,874		LyondellBasell Industries AF S.C.A		232,193
	79,808		Madras Cements Ltd		416
	189,569	*	MAG. Silver Corp		1,410
	212,000		Magnesita Refratarios S.A.		273
	24,410		Maharashtra Seamless Ltd		126
	184,412		Major Drilling Group International		1,087
	109,665		Mardin Cimento Sanayii		232
	35,037	*,e	Marrone Bio Innovations, Inc		93
	164,598		Martin Marietta Materials, Inc		21,223
	29,824		Maruichi Steel Tube Ltd		732
	2,946,333		Masisa S.A.		118

102

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	18,900		Mayr-Melnhof Karton AG.	$	2,008
	272,866		MeadWestvaco Corp		11,171
	24	*	Mechel Steel Group OAO (ADR)		0	^
	190,109	*	Medusa Mining Ltd		138
	2,136,119		Merafe Resources Ltd		227
	549,742	*	Metals X Ltd		108
	651,352		Metalurgica Gerdau S.A.		3,765
	327,554	e	Methanex Corp		21,865
	1,120,000	e	Methanex Corp (New)		74,816
	1,632,984	e	Mexichem SAB de C.V.		6,806
	1,086,000	e	Midas Holdings Ltd		281
	688,822	*,e	Minera Frisco SAB de C.V.		1,265
	118,354		Minerals Technologies, Inc		7,304
	5,088,000	e	Minmetals Resources Ltd		1,779
	1,637,506		Mitsubishi Chemical Holdings Corp		8,061
	321,158		Mitsubishi Gas Chemical Co, Inc		2,048
	2,632,060		Mitsubishi Materials Corp		8,516
	400,000	*	Mitsubishi Paper Mills Ltd		324
	421,000		Mitsubishi Steel Manufacturing Co Ltd		936
	701,402	e	Mitsui Chemicals, Inc		1,952
	922,000		Mitsui Mining & Smelting Co Ltd		2,455
	202,990	*	Mittal Steel South Africa Ltd		669
	1,541,743		MMC Norilsk Nickel (ADR)		28,648
	43,765		MOIL Ltd		203
	645,955	*,e	Molycorp, Inc		769
	212,443		Mondi Ltd		3,477
	1,041,137		Mondi plc		16,979
	1,625,794		Monsanto Co		182,918
	22,570		Moorim P&P Co Ltd		103
	138,058		Mosaic Co		6,131
	735,481		Mount Gibson Iron Ltd		350
	206,839		Mpact Ltd		623
	378,121		M-real Oyj (B Shares)		1,677
	131,074		Myers Industries, Inc		2,312
	120,158	*	Mytilineos Holdings S.A.		937
	531,194	*,m	Nagarjuna Fertilizers & Chemicals		68
	187,000	*	Nakayama Steel Works Ltd		145
	119,519		Namhae Chemical Corp		928
	634,951		Nampak Ltd		2,315
	5,950,813		Nan Ya Plastics Corp		13,027
	651,474		Nantex Industry Co Ltd		354
	84,381		Neenah Paper, Inc		4,513
	35,700		Neturen Co Ltd		264
	198,000	e	Nevsun Resources Ltd		716
	703,386	*	New Gold, Inc		3,561
	1,448,486	*	Newcrest Mining Ltd		13,312
	55,025		NewMarket Corp		20,966
	937,130		Newmont Mining Corp		21,601
	1,566,050		Nickel Asia Corp		1,561
	121,500		Nihon Nohyaku Co Ltd		1,192
	51,074		Nihon Parkerizing Co Ltd		1,168
	2,442,584	e	Nine Dragons Paper Holdings Ltd		1,755

103

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	98,900		Nippon Denko Co Ltd	$	246
	165,800		Nippon Kayaku Co Ltd		2,028
	2,141,900		Nippon Light Metal Holdings Co Ltd		3,086
	499,000	e	Nippon Paint Co Ltd		11,256
	477,400	e	Nippon Paper Industries Co Ltd		7,148
	228,000		Nippon Shokubai Co Ltd		2,542
	123,000		Nippon Soda Co Ltd		629
	5,790,170		Nippon Steel Corp		15,032
	47,810		Nippon Synthetic Chemical Industry Co Ltd		345
	140,000		Nippon Valqua Industries Ltd		404
	127,000	*,e	Nippon Yakin Kogyo Co Ltd		322
	127,800		Nissan Chemical Industries Ltd		2,268
	367,700	e	Nisshin Steel Holdings Co Ltd		3,342
	48,000		Nittetsu Mining Co Ltd		196
	294,096		Nitto Denko Corp		16,104
	138,921		NOF Corp		867
	237,876		Noranda Aluminium Holding Corp		1,075
	332,184	e	Norbord, Inc		6,810
	33,475	e	Norddeutsche Affinerie AG.		1,649
	3,758,372		Norsk Hydro ASA		21,012
	13,010,000	*,e	North Mining Shares Co Ltd		633
	469,483	*	Northam Platinum Ltd		1,532
	1,026,024		Northern Star Resources Ltd		1,119
	329,582	*	Novagold Resources, Inc		995
	1,369		Novolipetsk Steel (GDR)		20
	571,645		Novozymes AS		24,738
	824,731		Nucor Corp		44,766
	1,076,379		Nufarm Ltd		4,640
	422,823		Nuplex Industries Ltd		1,015
	286,962	e	Nyrstar		877
	86,450	*,m	Nyrstar (Strip VVPR)		0	^
	187,000	*	Ocean Plastics Co Ltd		240
	874,700	*	OceanaGold Corp		1,804
	769,259		OJI Paper Co Ltd		2,912
	121,000		Okamoto Industries, Inc		459
	285,897	e	Olin Corp		7,219
	35,486		Olympic Steel, Inc		730
	127,490		OM Group, Inc		3,308
	88,928		Omnia Holdings Ltd		1,816
	139,997	*	Omnova Solutions, Inc		752
	15,961,780	e	OneSteel Ltd		5,087
	565,242		Orica Ltd		9,329
	668,600		Oriental Union Chemical Corp		567
	1,402,638		Orora Ltd		2,011
	12,600		Osaka Steel Co Ltd		245
	49,630	*	Osisko Gold Royalties Ltd		628
	191,096	*,e	Outokumpu Oyj		1,324
	232,000		Overseas Chinese Town Asia Holdings Ltd		76
	352,566	*	Owens-Illinois, Inc		9,184
	301,290		Oxiana Ltd		1,022
	136,507		Pacific Metals Co Ltd		476
	12,400		Pack Corp		260

104

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	1,077,757		Packaging Corp of America	$	68,782
	175,189		Pact Group Holdings Ltd		606
	3,145,252		Pan African Resources plc		599
	196,100		Pan American Silver Corp		2,155
	504,805		Pan Australian Resources Ltd		860
	121,470		Papeles y Cartones de Europa S.A.		697
	279,684	*,m	Papillon Resources Ltd		376
	211,000	*	Paranapanema S.A.		182
	1,059,319		Park Elektrik Madencilik Sanayi Ve Ticaret AS		1,819
	188,778	*,e	Peter Hambro Mining plc		67
	417,322	*	Petra Diamonds Ltd		1,287
	3,579,900		Petronas Chemicals Group BHD		6,810
	79,643		PI Industries Ltd		583
	264,041	*,m	Pike River Coal Ltd		0	^
	194,212	*	Platform Specialty Products Corp		4,859
	309,906		PolyOne Corp		11,026
	8,233		Poongsan		367
	34,459		Poongsan Corp		964
	407,921		Portucel Empresa Produtora de Pasta e Papel S.A.		1,623
	134,612		POSCO		41,406
	23,187		POSCO M-Tech Co Ltd		71
	6,286		POSCO Refractories & Environment Co Ltd		857
	1,718,685	e	Potash Corp of Saskatchewan		59,512
	1,022,818		PPC Ltd		2,676
	885,747		PPG Industries, Inc		174,262
	225,278		Praxair, Inc		29,061
	510,400	*,e	Premier Gold Mines Ltd		1,203
	191,500		Press Metal BHD		365
	91,600	*	Pretium Resources, Inc		478
	158,400	*	Primero Mining Corp		771
	3,578,600		PT Aneka Tambang Tbk		325
	4,800,100	*	PT Indah Kiat Pulp and Paper Corp Tbk		415
	1,644,520		PT Indocement Tunggal Prakarsa Tbk		2,916
	7,480,000	*	PT Krakatau Steel Tbk		300
	3,564,300		PT Semen Gresik Persero Tbk		4,503
	3,394,457		PT Timah Tbk		341
	10,900,200		PT Vale Indonesia Tbk		3,344
	5,611,426		PTT Global Chemical PCL (Foreign)		10,540
	11,174		Qatar National Cement Co		430
	33,088		Qatari Investors Group		531
	43,799		Quaker Chemical Corp		3,140
	424,638	*,e	Qualipak International Holdings Ltd		343
	34,412		Rallis India Ltd		126
	198,709		Randgold Resources Ltd		13,471
	142,027	e	Rayonier Advanced Materials, Inc		4,674
	367,492	e	Regis Resources Ltd		498
	226,232		Reliance Steel & Aluminum Co		15,474
	201,767	e	Rengo Co Ltd		906
	676,918		Rentech, Inc		1,158
	240,044	*,e	Resolute Forest Products		3,754
	617,833	*	Resolute Mining Ltd		239
	152,814		Rexam plc		1,215

105

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	46,243		RHI AG.	$	1,275
	282,864	*	Rio Alto Mining Ltd		685
	329,273		Rio Tinto Ltd		17,147
	1,321,320		Rio Tinto plc		64,744
	62,619		Rock-Tenn Co (Class A)		2,979
	461,786		Rockwood Holdings, Inc		35,304
	650,200	*	Romarco Minerals, Inc		424
	71,000		Rotam Global Agrosciences Ltd		137
	82,039	*	Royal Bafokeng Platinum Ltd		441
	113,082		Royal Gold, Inc		7,344
	420,600		RPC Group plc		3,804
	411,817		RPM International, Inc		18,853
	113,428	*	RTI International Metals, Inc		2,797
	341,100	*,e	Rubicon Minerals Corp		463
	23,867	*	Ryerson Holding Corp		306
	22,836		Sa des Ciments Vicat		1,479
	190,000		Sakai Chemical Industry Co Ltd		613
	82,000		Sakata INX Corp		819
	38,782		Salzgitter AG.		1,331
	2,833		Sam Kwang Glass Ind Co Ltd		186
	19,962		Samsung Fine Chemicals Co Ltd		722
	343,031		San Fang Chemical Industry Co Ltd		334
	92,713		Sandfire Resources NL		473
	116,500	*,e	Sandstorm Gold Ltd		499
	135,000		Sanyo Chemical Industries Ltd		830
	307,000	*	Sanyo Special Steel Co Ltd		1,134
	561,062	*,e	Sappi Ltd		2,201
	277,771		Satipel Industrial S.A.		1,026
	1,998,088	*	Schmolz + Bickenbach AG.		2,565
	93,120		Schnitzer Steel Industries, Inc (Class A)		2,240
	162,390		Schweitzer-Mauduit International, Inc		6,708
	76,000		Scientex BHD		172
	150,949		Scotts Miracle-Gro Co (Class A)		8,302
	35,100	*	Seabridge Gold, Inc		283
	60,895		Seah Besteel Corp		2,179
	1,699		SeAH Holdings Corp		288
	14,040		SeAH Steel Corp		1,227
	3,129,549		Sealed Air Corp		109,159
	1,636,000		Sekisui Plastics Co Ltd		4,555
	289,120		SEMAFO, Inc		1,017
	132,754		Semapa-Sociedade de Investimento e Gestao		1,626
	128,086	*,e	Senomyx, Inc		1,050
	179,157		Sensient Technologies Corp		9,379
	2,370,862		Sesa Sterlite Ltd		10,402
	286,594		Severstal (GDR)		2,843
	1,753,000		Shandong Chenming Paper Holdings Ltd		844
	1,208,050		Shandong Chenming Paper Holdings Ltd (Class B)		613
	155,400		Shanghai Chlor-Alkali Chemical Co Ltd		77
	246,300		Shanghai Yaohua Pilkington Glass Co Ltd		161
	399,000		Sheng Yu Steel Co Ltd		287
	863,600	e	Sherritt International Corp		2,390
	422,216		Sherwin-Williams Co		92,461

106

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	233,000	*	Shihlin Paper Corp	$	325
	31,000		Shikoku Chemicals Corp		212
	14,067	*	Shine Co Ltd		107
	519,812		Shin-Etsu Chemical Co Ltd		34,058
	93,100		Shin-Etsu Polymer Co Ltd		493
	2,513,032		Shinkong Synthetic Fibers Corp		900
	151,684		Shiny Chemical Industrial Co Ltd		231
	6,362,000	*,e	Shougang Concord International Enterprises Co Ltd		278
	1,517,000		Showa Denko KK		1,991
	14,755		Shree Cement Ltd		2,005
	5,800		Siam Cement PCL		80
	480,600		Siam Cement PCL (Foreign)		6,659
	1,745,588		Sibanye Gold Ltd		3,748
	219,442		Sigma-Aldrich Corp		29,846
	1,131,000	*,m	Sijia Group Co		1
	2,788		Sika AG.		9,640
	132,519		Silgan Holdings, Inc		6,228
	80,142	*,e	Silver Standard Resources, Inc		489
	295,551		Silver Wheaton Corp		5,895
	296,277	e	Silvercorp Metals, Inc		471
	258,827	*,e	Sims Group Ltd		2,539
	2,688,000	e	Sinochem Hong Kong Holding Ltd		381
	1,664,000		Sinon Corp		952
	4,416,798		Sinopec Shanghai Petrochemical Co Ltd		1,459
	627,155	*	Sirius Resources NL		1,696
	31,326		SK Chemicals Co Ltd		1,787
	89,727		SKC Co Ltd		2,680
	662,555		Smurfit Kappa Group plc		14,482
	106,520		Sociedad Quimica y Minera de Chile S.A. (Class B)		2,765
	7,098		SODIFF Advanced Materials Co Ltd		343
	370,478		Solar Applied Materials Technology Co		317
	12,835		Solvay S.A.		1,971
	15,770		Songwon Industrial Co Ltd		96
	96,722		Sonoco Products Co		3,800
	265,904		South Valley Cement		316
	330,000		Southeast Cement Co Ltd		182
	2,279,483	e	Southern Copper Corp (NY)		67,587
	46,741	*,e	SSAB AB (A Shares)		401
	119,321	*	SSAB AB (B Shares)		891
	201,966	e	Ssab Svenskt Stal AB (Series A)		1,726
	159,420		Ssab Svenskt Stal AB (Series B)		1,188
	22,790	*	Ssangyong Cement Industrial Co Ltd		223
	1,438,912		Steel Dynamics, Inc		32,534
	76,870		Stepan Co		3,411
	369,035	*	Stillwater Mining Co		5,547
	5,253		STO AG.		941
	2,086,398		Stora Enso Oyj (R Shares)		17,310
	1,204,221		Sumitomo Bakelite Co Ltd		4,723
	1,165,329		Sumitomo Chemical Co Ltd		4,162
	1,647,618		Sumitomo Metal Mining Co Ltd		23,188
	609,193		Sumitomo Osaka Cement Co Ltd		2,000
	40,000		Sumitomo Seika Chemicals Co Ltd		229

107

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	31,312	e	Sumitomo Titanium Corp	$	705
	228,787	*	SunCoke Energy, Inc		5,136
	3,011,979	*,e	Sundance Resources Ltd		174
	4,450,000	*,e	Superb Summit International Group Ltd		923
	47,351		Supreme Industries Ltd		500
	323,256		Suzano Papel e Celulose S.A.		1,299
	155,941		Symrise AG.		8,284
	50,794		Syngenta AG.		16,084
	1,386,478		Synthos S.A.		1,918
	104,864	*,e	Syrah Resources Ltd		402
	261,100		Ta Ann Holdings BHD		313
	693,320		TA Chen Stainless Pipe		425
	771		Taekwang Industrial Co Ltd		972
	183,143	*	Tahoe Resources, Inc		3,718
	87,500	*	Tahoe Resources, Inc (Toronto)		1,781
	2,789,916	e	Taiheiyo Cement Corp		10,522
	8,997,988		Taiwan Cement Corp		13,392
	910,960		Taiwan Fertilizer Co Ltd		1,505
	239,345		Taiwan Hon Chuan Enterprise Co Ltd		441
	163,000		Taiwan Prosperity Chemical Corp		127
	2,367,729		Taiwan Styrene Monomer		1,034
	16,400		Taiyo Ink Manufacturing Co Ltd		523
	341,464	e	Taiyo Nippon Sanso Corp		3,015
	68,000		Takasago International Corp		322
	111,000		Takiron Co Ltd		557
	87,797	*	Taminco Corp		2,292
	96,854	*,e	Tanzanian Royalty Exploration Corp		202
	269,759	*	Taseko Mines Ltd		458
	1,409,577		Tata Steel Ltd		10,440
	1,200,000		TCC International Holdings Ltd		470
	9,294		Technosemichem Co Ltd		227
	539,904		Teck Cominco Ltd		10,225
	7,083,713		Teijin Ltd		17,116
	26,894		Ten Cate NV		661
	33,100		Tenma Corp		482
	23,657		Tessenderlo Chemie NV		651
	132,281	*	Thompson Creek Metals Co, Inc (Toronto)		292
	186,275		Thye Ming Industrial Co Ltd		215
	537,080	*	ThyssenKrupp AG.		14,022
	4,326,000	e	Tiangong International Co Ltd		1,009
	666,795	*	Tiger Resources Ltd		145
	160,186		TimkenSteel Corp		7,447
	558,636	*	Timmins Gold Corp		703
	50,950		Titan Cement Co S.A.		1,276
	237,000		Toagosei Co Ltd		978
	30,800	*,e	Toho Titanium Co Ltd		211
	239,000		Toho Zinc Co Ltd		910
	635,000		Tokai Carbon Co Ltd		1,759
	1,718,000	e	Tokuyama Corp		5,663
	89,800		Tokyo Ohka Kogyo Co Ltd		2,377
	108,796	*	Tokyo Rope Manufacturing Co Ltd		173
	97,300	e	Tokyo Steel Manufacturing Co Ltd		514

108

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	751,750		Ton Yi Industrial Corp	$	507
	174,000		Topy Industries Ltd		343
	450,121		Toray Industries, Inc		2,976
	589,005		Tosoh Corp		2,390
	432,000		Toyo Ink Manufacturing Co Ltd		2,018
	113,000		Toyo Kohan Co Ltd		612
	120,350		Toyo Seikan Kaisha Ltd		1,492
	1,654,676		Toyobo Co Ltd		2,400
	785,200		TPI Polene PCL		461
	70,472	*	Trecora Resources		872
	91,948		Tredegar Corp		1,693
	163,773	*,e	Trinseo S.A.		2,576
	222,929	e	Tronox Ltd		5,807
	642,145		TSRC Corp		769
	314,538		Tubacex S.A.		1,566
	75,551		Tubos Reunidos S.A.		238
	1,648,900		Tung Ho Steel Enterprise Corp		1,335
	1,084,281	*	Turquoise Hill Resources Ltd		4,076
	3,825,647		UBE Industries Ltd		6,101
	21,607	*,e	UFP Technologies, Inc		475
	58,556		Ultra Tech Cement Ltd		2,490
	20,363		Umicore		888
	11,593		Unid Co Ltd		648
	90,000		United Phosphorus Ltd		494
	10,402	e	United States Lime & Minerals, Inc		605
	1,340,696	e	United States Steel Corp		52,515
	410,040		Universal Cement Corp		359
	25,708	*	Universal Stainless & Alloy		678
	857,532		UPC Technology Corp		322
	1,660,545		UPM-Kymmene Oyj		23,605
	295,391		Uralkali (GDR)		5,224
	41,759	*,e	US Concrete, Inc		1,092
	638,071	e	US Silica Holdings Inc		39,886
	805,870		USI Corp		398
	868,682	*	Usinas Siderurgicas de Minas Gerais S.A. (Preference)		2,261
	1,659,745		Vale S.A.		18,206
	2,254,776		Vale S.A. (Preference)		21,905
	49,644		Valspar Corp		3,921
	92,836	e	Vedanta Resources plc		1,496
	214		Vetropack Holding AG.		356
	181,809		Victrex plc		4,718
	84,428	*,e	Viohalco S.A.		355
	473,300		Voestalpine AG.		18,690
	87,052		Vulcan Materials Co		5,243
	145,217	e	Wacker Chemie AG.		17,492
	2,446,191	e	Walter Energy, Inc		5,724
	134,118	e	Wausau Paper Corp		1,064
	2,942,000	e	West China Cement Ltd		280
	366,574	e	West Fraser Timber Co Ltd		17,920
	1,113,013	e	Western Areas NL		4,199
	287,718	*,e,m	Western Desert Resources Ltd		3
	804,800		Western Forest Products, Inc		1,610

109

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

				VALUE
SHARES			COMPANY	(000)
	301,164	e	Westlake Chemical Corp	$	26,078
	3,744	*	WHX Corp		98
	252,987	*	Worthington Industries, Inc		9,416
	471,748	*	WR Grace & Co		42,901
	1,005,000	*,e	Xinjiang Xinxin Mining Industry Co Ltd		203
	1,269,299	e	Yamana Gold, Inc		7,616
	7,812		Yamato Kogyo Co Ltd		261
	333,111		Yara International ASA		16,726
	40,391		Yeong Guan Energy Technology Group Co Ltd		192
	1,361,000		Yeun Chyang Industrial Co Ltd		1,157
	1,281,803		Yieh Phui Enterprise		389
	1,736,270		Yingde Gases		1,647
	582,000		Yip’s Chemical Holdings Ltd		398
	107,000		Yodogawa Steel Works Ltd		438
	25,860		Youlchon Chemical Co Ltd		325
	986,500		Youyuan International Holdings Ltd		193
	1,514,285		Yuen Foong Yu Paper Manufacturing Co Ltd		657
	353,832		Yule Catto & Co plc		1,214
	175,000		Yung Chi Paint & Varnish Manufacturing Co Ltd		501
	51,436		Zaklady Azotowe w Tarnowie-Moscicach S.A.		963
	51,242		Zaklady Chemiczne Police S.A.		364
	330,512		Zeon Corp		3,378
	80,238		Zep, Inc		1,125
	25,297		Zignago Vetro S.p.A.		172
	23,238,220	e	Zijin Mining Group Co Ltd		5,653
			TOTAL MATERIALS		6,261,609
MEDIA - 3.3%
	1,707,600		ABS-CBN Holdings Corp (ADR)		1,667
	17,600	*,e	Adways, Inc		224
	70,237	e	AH Belo Corp (Class A)		749
	201,660		Aimia, Inc		3,059
	73,767	*	Altice S.A.		3,907
	131,601		AMC Entertainment Holdings, Inc		3,026
	646,729	*	AMC Networks, Inc		37,782
	66,882		Antena 3 de Television S.A.		1,015
	2,004,729	*	APN News & Media Ltd		1,432
	170,172	*	Arnoldo Mondadori Editore S.p.A.		174
	109,800		Asatsu-DK, Inc		2,754
	2,894,045		Astro Malaysia Holdings BHD		2,952
	37,759	e	Avex Group Holdings, Inc		572
	101,165		Axel Springer AG.		5,554
	1,157,023		BEC World PCL (Foreign)		1,675
	88,518	*	Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS		86
	239,093		Borussia Dortmund GmbH & Co KGaA		1,348
	12,846,490		British Sky Broadcasting plc		183,231
	126,718	e	Cablevision Systems Corp (Class A)		2,219
	39,529		Cairo Communication S.p.A.		277
	107,709	*	Carmike Cinemas, Inc		3,337
	1,199,851		CBS Corp (Class B)		64,192
	534,097		CBS Outdoor Americas, Inc		15,991
	78,647	*	Central European Media Enterprises Ltd (Class A)		180
	250,045	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		563
	248,754	*	Charter Communications, Inc		37,654

110

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	87,098	*	Cheil Communications, Inc	$	1,843
	112,547		Chime Communications plc		533
	249,711	*,e	Cinedigm Corp		387
	229,477		Cinemark Holdings, Inc		7,811
	91,469	e	Cineplex Galaxy Income Fund		3,384
	196,396		Cineworld Group plc		1,038
	385,000	*	City Telecom (HK) Ltd		115
	13,451		CJ CGV Co Ltd		681
	20,355	*	CJ E&M Corp		822
	25,346		CJ Hellovision Co Ltd		313
	15,408		Clear Channel Outdoor Holdings, Inc (Class A)		104
	49,782		Cogeco Cable, Inc		2,544
	13,552,874	e	Comcast Corp (Class A)		728,874
	1,672	e	Comcast Corp (Special Class A)		89
	12,700	*,e	COOKPAD, Inc		408
	169,511	*,e	Corus Entertainment, Inc		3,764
	126,789	*	Crown Media Holdings, Inc (Class A)		406
	102,348		CTS Eventim AG.		2,884
	437,708	*,e	Cumulus Media, Inc (Class A)		1,764
	47,100		CyberAgent, Inc		1,654
	191,448		Cyfrowy Polsat S.A.		1,597
	71,051		Daekyo Co Ltd		493
	60,500		Daiichikosho Co Ltd		1,626
	4,012	*,e	Daily Journal Corp		724
	602,711		Daily Mail & General Trust		7,458
	2,324,149	*	DEN Networks Ltd		5,547
	187,970		Dentsu, Inc		7,160
	73,179	*,e	Dex Media, Inc		700
	112,900		DHX Media Ltd		881
	1,158,324	*	DIRECTV		100,218
	213,046	*	Discovery Communications, Inc (Class A)		8,053
	762,927	*	Discovery Communications, Inc (Class C)		28,442
	2,066,086		DISH Network Corp (Class A)		133,428
	30,174	*,e	DreamWorks Animation SKG, Inc (Class A)		823
	83,628	*,e	Eniro AB		121
	89,313	*,e	Entercom Communications Corp (Class A)		717
	211,959		Entertainment One Ltd		1,086
	241,433		Entravision Communications Corp (Class A)		956
	1,458,577		Eros International Media Ltd		6,211
	1,382,345	*,e	Eros International plc		20,196
	3,000,000	*	eSun Holdings Ltd		320
	36,941		Eutelsat Communications		1,193
	115,770	*,e	EW Scripps Co (Class A)		1,888
	6,498		Fenerbahce Sportif Hizmetleri Sanayi ve Ticaret AS		92
	1,050,600		Fuji Television Network, Inc		15,629
	40,000		Gakken Co Ltd		101
	5,423	*	Galatasaray Sportif Sinai ve Ticari Yatirimlar AS		47
	463,638		Gannett Co, Inc		13,756
	181,772	*	Gestevision Telecinco S.A.		2,256
	64,223	*,e	Global Sources Ltd		431
	215,025	*	Gray Television, Inc		1,694
	4,408,212		Grupo Televisa S.A.		29,901
	169,262	*,e	Gruppo Editoriale L’Espresso S.p.A.		217
	244,300		Hakuhodo DY Holdings, Inc		2,473
	183,904		Harte-Hanks, Inc		1,171
	125,063	*	Hathway Cables and Datacom Pvt Ltd		588

111

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	260,265		Havas S.A.	$	2,011
	33,307	*,e	Hemisphere Media Group, Inc		355
	28,074		Hyundai Hy Communications & Network Co		122
	545,269	*	IBN18 Broadcast Ltd		245
	663,450		Informa plc		5,242
	3,877,938		Interpublic Group of Cos, Inc		71,044
	44,040		IPSOS		1,124
	9,881,605		ITV plc		33,179
	126,603		Jagran Prakashan Ltd		256
	619,959		JC Decaux S.A.		19,572
	19,078	*	Jcontentree Corp		64
	13,170,222		John Fairfax Holdings Ltd		8,914
	134,288		John Wiley & Sons, Inc (Class A)		7,535
	163,771	*	Journal Communications, Inc (Class A)		1,381
	321,310	*,e	Juventus Football Club S.p.A.		93
	5,895		Kabel Deutschland Holding AG.		800
	22,781	e,m	Kadokawa Holdings, Inc		546
	30,920		Kinepolis Group NV		1,189
	23,180		KT Skylife Co Ltd		497
	300,742		Lagardere S.C.A.		8,048
	51,135	e	Lamar Advertising Co (Class A)		2,518
	191,202	*,e	Lee Enterprises, Inc		646
	1,890	*,e	Liberty Global plc		78
	736	*,e	Liberty Global plc (Class A)		31
	217,305	*	Liberty Media Corp		10,252
	432,898	*	Liberty Media Corp (Class C)		20,342
	642,932	e	Lions Gate Entertainment Corp		21,197
	396,897	*	Live Nation, Inc		9,533
	7,013		Loen Entertainment, Inc		260
	38,558		Loral Space & Communications, Inc		2,769
	56,243		M6-Metropole Television		909
	120,560	*	Madison Square Garden, Inc		7,971
	666,400		Major Cineplex Group PCL		496
	98,679	*	Martha Stewart Living Omnimedia, Inc (Class A)		355
	299,689	*,e	McClatchy Co (Class A)		1,007
	319,900		MCOT PCL		226
	171,854	e	MDC Partners, Inc		3,298
	1,173,100		Media Chinese International Ltd		322
	197,000	*,e	Media General, Inc (Class A)		2,583
	1,962,600		Media Prima BHD		1,334
	6,645,051	*	Mediaset S.p.A.		25,330
	170,000		Megacable Holdings SAB de C.V.		807
	129,431		Meredith Corp		5,540
	127,115		Modern Times Group AB (B Shares)		4,012
	50,237		Morningstar, Inc		3,411
	80,600		Multiplus S.A.		972
	728,129		Naspers Ltd (N Shares)		79,747
	249,684		National CineMedia, Inc		3,623
	113,815	e	New Media Investment Group, Inc		1,893
	502,207	e	New York Times Co (Class A)		5,635
	216,038	*	News Corp		3,532
	90,860	e	Nexstar Broadcasting Group, Inc (Class A)		3,673
	21,600	e	Next Co Ltd		146
	466,766		Nine Entertainment Co Holdings Ltd		833
	36,915	*,e	Numericable SAS		1,970
	247,530		Omnicom Group, Inc		17,045

112

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,293,402	*	PagesJaunes Groupe S.A.	$	1,625
	318,164	e	Pearson plc		6,396
	1,728,000	e	Phoenix Satellite Television Holdings Ltd		569
	351,686	*	Premiere AG.		2,973
	696,160	*	Promotora de Informaciones S.A.		210
	776,198		ProSiebenSat. Media AG.		30,773
	10,000		Proto Corp		146
	40,863,400		PT Bhakti Investama Tbk		1,167
	6,293,634		PT Global MediaCom Tbk		1,004
	5,190,763		PT Media Nusantara Citra Tbk		1,361
	1,072,200		PT MNC Sky Vision Tbk		150
	179,011		PT Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.		1,078
	9,226,775		PT Surya Citra Media Tbk		2,903
	6,039,400	*	PT Visi Media Asia Tbk		228
	84,888		Publicis Groupe S.A.		5,817
	16,731		PVR Ltd		189
	83,472	e	Quebecor, Inc		2,097
	64,349	*,e	Radio One, Inc		205
	162,301	*,e	RCS MediaGroup S.p.A.		219
	321,951		REA Group Ltd		12,178
	41,011	*,e	ReachLocal, Inc		148
	62,971	*,e	Reading International, Inc		529
	2,214,855		Reed Elsevier NV		50,247
	3,827,106		Reed Elsevier plc		61,184
	274,808	e	Regal Entertainment Group (Class A)		5,463
	29,952	*,e	Rentrak Corp		1,825
	236,188		Rightmove plc		8,214
	285,459		RTL Group		24,443
	14,385	e	Saga Communications, Inc		483
	41,556		Salem Communications		316
	80,821	e	Sanoma-WSOY Oyj		509
	68,400		Saraiva S.A. Livreiros Editores		390
	48,652		SBS Media Holdings Co Ltd		160
	75,059	e	Schibsted ASA		4,075
	100,814		Scholastic Corp		3,258
	306,682		Scripps Networks Interactive (Class A)		23,949
	401,623		SES Global S.A.		13,887
	162,250	*,e	SFX Entertainment, Inc		814
	733,643	e	Shaw Communications, Inc (B Shares)		17,982
	83,000		Shochiku Co Ltd		772
	203,963	e	Sinclair Broadcast Group, Inc (Class A)		5,321
	1,186,101	e	Singapore Press Holdings Ltd		3,903
	1,084,000	e	SinoMedia Holding Ltd		659
	71,000		Sirius XM Canada Holdings, Inc		454
	10,537,792	e	Sirius XM Holdings, Inc		36,777
	80,024	*	Sizmek, Inc		619
	1,785,796		Sky Network Television Ltd		8,778
	454,100		Sky Perfect Jsat Corp		2,668
	17,346	*	SM Entertainment Co		640
	7,264,000		SMI Corp Ltd		281
	734,400		Smiles S.A.		11,641
	1,013,238		Societe Television Francaise 1		13,654
	510,508		Southern Cross Media Group		444
	137,300		Star Publications Malaysia BHD		107
	453,407	*	Starz-Liberty Capital		14,999
	21,833		Stroer Out-of-Home Media AG.		480

113

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	331,144	e	STW Communications Group Ltd	$	347
	73,444		Telenet Group Holding NV		4,221
	1,981,843		Television Broadcasts Ltd		11,830
	2,082,630	*,e	Ten Network Holdings Ltd		437
	622,604	e	Thomson Corp		22,669
	469,837	e	Thomson Corp (Toronto)		17,116
	1,654,738		Time Warner Cable, Inc		237,438
	4,374,769		Time Warner, Inc		329,026
	411,127	*	Time, Inc		9,633
	181,600	e	Toei Animation Co Ltd		4,728
	769,885		Toei Co Ltd		3,995
	83,505		Toho Co Ltd		1,887
	13,300		Tohokushinsha Film Corp		102
	161,600		Tokyo Broadcasting System, Inc		1,799
	16,956	*	Townsquare Media, Inc		204
	559,375	*	Tribune Co		36,807
	33,173	*,e	Tribune Publishing Co		669
	339,609	*	Trinity Mirror plc		929
	71,100		TV Asahi Corp		1,121
	1,403,463		TV Azteca S.A. de C.V.		731
	312,460		TVN S.A.		1,478
	3,660,240		Twenty-First Century Fox, Inc		125,510
	1,524		Twenty-First Century Fox, Inc (Class B)		51
	405,266		United Business Media Ltd		3,815
	109,946	*	Usen Corp		315
	14,800	e	ValueCommerce Co Ltd		106
	1,508,000		VGI Global Media PCL		644
	2,776,425		Viacom, Inc (Class B)		213,618
	79,177		Village Roadshow Ltd		490
	2,789,600	*	Viva China Holdings Ltd		302
	8,059,613		Walt Disney Co		717,547
	697,812		West Australian Newspapers Holdings Ltd		981
	737,000	e	Wisdom Holdings Group		472
	98,397		Wolters Kluwer NV		2,624
	16,347	*	Woongjin Thinkbig Co Ltd		111
	87,201	e	World Wrestling Entertainment, Inc (Class A)		1,201
	2,865,653		WPP plc		57,409
	63,000	*	Yellow Media Ltd		852
	9,509		YG Entertainment, Inc		464
	507,593	*	Zee Entertainment Enterprises Ltd		441
	10,422		ZEE Telefilms Ltd		53
	62,500	e	Zenrin Co Ltd		741
			TOTAL MEDIA		4,146,020
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	16,800	*,e	3-D Matrix Ltd		475
	12,618	*,e	AB Science S.A.		143
	8,444,174		AbbVie, Inc		487,736
	471,887		Abcam plc		3,077
	48,243	*	Ablynx NV		513
	256,152	*,e	Acadia Pharmaceuticals, Inc		6,342
	66,112	*,e	Accelerate Diagnostics, Inc		1,420
	47,899	*,e	Acceleron Pharma, Inc		1,448
	79,767	*,e	AcelRx Pharmaceuticals, Inc		438
	21,027	*,e	Achaogen, Inc		188

114

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	378,696	*,e	Achillion Pharmaceuticals, Inc	$	3,779
	185,422	*	Acorda Therapeutics, Inc		6,282
	1,142,441	e	Acrux Ltd		1,534
	1,172,447	*	Actavis plc		282,888
	228,606		Actelion Ltd		26,776
	91,841	*,e	Actinium Pharmaceuticals, Inc		615
	43,086	*,e	Active Biotech AB		175
	9,575	*,e	Adamas Pharmaceuticals, Inc		178
	132,100	e	Adcock Ingram Holdings Ltd		564
	87,000	*	Adimmune Corp		89
	94,636	*,e	Aegerion Pharmaceuticals, Inc		3,159
	38,569	*,e	Aerie Pharmaceuticals, Inc		798
	286,059	*,e	Affymetrix, Inc		2,283
	187,173	*,e	Agenus, Inc		582
	1,125,680		Agilent Technologies, Inc		64,141
	39,603	*,e	Agios Pharmaceuticals, Inc		2,430
	23,786	*,e	Akebia Therapeutics, Inc		526
	195,069	*,e	Akorn, Inc		7,075
	87,632	*,e	Albany Molecular Research, Inc		1,934
	27,292	*,e	Alder Biopharmaceuticals, Inc		346
	100,465		Alembic Pharmaceuticals Ltd		673
	906,970	*	Alexion Pharmaceuticals, Inc		150,394
	73,306	*,e	Alimera Sciences, Inc		397
	5,942		ALK-Abello AS		717
	3,176,548	*	Alkermes plc		136,179
	784,854		Allergan, Inc		139,853
	41,614	*	Alnylam Pharmaceuticals, Inc		3,250
	70,105	*,e	AMAG Pharmaceuticals, Inc		2,237
	2,484,014		Amgen, Inc		348,905
	19,095	*	Amphastar Pharmaceuticals, Inc		222
	119,643	*,e	Ampio Pharmaceuticals, Inc		422
	112,155	*,e	Anacor Pharmaceuticals, Inc		2,744
	30,429	*	ANI Pharmaceuticals, Inc		861
	13,503	*,e	Applied Genetic Technologies Corp		251
	80,714	*	Aratana Therapeutics, Inc		810
	8,633	*	Ardelyx, Inc		123
	1,057,018	*,e	Arena Pharmaceuticals, Inc		4,429
	722,411	*,e	Ariad Pharmaceuticals, Inc		3,901
	242,765	*,e	Arpida Ltd		313
	385,483	*,e	Array Biopharma, Inc		1,376
	259,767	*,e	Arrowhead Research Corp		3,837
	19,100		ASKA Pharmaceutical Co Ltd		245
	388,127		Aspen Pharmacare Holdings Ltd		11,556
	2,517,500		Astellas Pharma, Inc		37,495
	6,241	*,e	Asterias Biotherapeutics, Inc		38
	7,016	*	AstraZeneca Pharma India Ltd		103
	1,671,240		AstraZeneca plc		119,766
	342,864		AstraZeneca plc (ADR)		24,494
	331,733		Aurobindo Pharma Ltd		5,186
	42,881	*	Auspex Pharmaceuticals Inc		1,101
	149,215	*,e	Auxilium Pharmaceuticals, Inc		4,454
	15,429	*	Avalanche Biotechnologies, Inc		528
	491,057	*	AVANIR Pharmaceuticals, Inc		5,853
	9,329		Basilea Pharmaceutica		929
	29,628	*,e	Bavarian Nordic AS		569
	1,806,045		Bayer AG.		251,290

115

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	298,000		Beijing Tong Ren Tang Chinese Medicine Co Ltd	$	402
	81,856		Biocon Ltd		659
	314,413	*,e	BioCryst Pharmaceuticals, Inc		3,075
	124,931	*,e	BioDelivery Sciences International, Inc		2,135
	25,840		Biogaia AB (B Shares)		580
	1,215,981	*	Biogen Idec, Inc		402,259
	677,154	*	BioMarin Pharmaceuticals, Inc		48,863
	99,653	*	Bioneer Corp		928
	223,045	*,e	Bio-Path Holdings, Inc		448
	52,247	*	Bio-Rad Laboratories, Inc (Class A)		5,925
	20,780	*,e	Biospecifics Technologies Corp		734
	6,548		Biotest AG. (Preference)		664
	149,716	*,e	Biotime, Inc		470
	435,021	*	Biovail Corp (Toronto)		57,002
	5,757,064	*	Biovitrum AB		61,352
	82,761	*,e	Bluebird Bio, Inc		2,969
	16,952		Boiron S.A.		1,417
	18,095		Boryung Pharmaceutical Co Ltd		720
	5,785,713		Bristol-Myers Squibb Co		296,113
	221,564	*	Bruker BioSciences Corp		4,102
	499,682	*,e	BTG plc		5,655
	45,169		Bukwang Pharmaceutical Co Ltd		855
	167,426	*	Cambrex Corp		3,128
	37,273	*,e	Cara Therapeutics Inc		313
	130,740	*	Catalent, Inc		3,272
	5,532,880	*	Celgene Corp		524,406
	320,915	*,e	Celldex Therapeutics, Inc		4,159
	270,872		Celltrion, Inc		12,544
	29,753	*,e	Cellular Dynamics International, Inc		209
	68,591	*,e	Cempra, Inc		752
	125,350	*	Center Laboratories, Inc		431
	205,233	*,e	Cepheid, Inc		9,036
	55,475	*	Charles River Laboratories International, Inc		3,314
	99,045	*,e	ChemoCentryx, Inc		446
	79,680	*,e	Chimerix, Inc		2,201
	3,332,000	e	China Animal Healthcare Ltd		2,579
	277,000		China Chemical & Pharmaceutical Co Ltd		193
	5,498,000	e	China Medical System Holdings Ltd		9,403
	2,912,777		China Pharmaceutical Group Ltd		2,415
	827,000		China Shineway Pharmaceutical Group Ltd		1,402
	15,200	*,e	Chiome Bioscience Inc		201
	7,891		Chong Kun Dang Pharmaceutical Corp		572
	24,359		Choongwae Pharma Corp		365
	297,660		Chugai Pharmaceutical Co Ltd		8,616
	404,996		Cipla Ltd		4,102
	7,008,093		CK Life Sciences International Holdings, Inc		722
	0	*	Clal Biotechnology Industries Ltd		0	^
	142,761	e	Clinigen Group plc		1,074
	107,525	*,e	Clovis Oncology, Inc		4,877
	37,600	e	CMIC Co Ltd		676
	3,196	*	Concert Pharmaceuticals Inc		40
	18,400		Concordia Healthcare Corp		607
	61,000		Consun Pharmaceutical Group Ltd		53
	158,017	*,e	Corcept Therapeutics, Inc		423
	21,044		Cosmo Pharmaceuticals S.p.A		3,423
	80,945	*	Covance, Inc		6,370

116

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	828,359		CSL Ltd	$	53,699
	16,000	*	CTC BIO, Inc		237
	393,818	*,e	CTI BioPharma Corp		953
	147,295	*	Cubist Pharmaceuticals, Inc		9,772
	173,027	*,e	Cytokinetics, Inc		609
	213,257	*,e	Cytori Therapeutics, Inc		144
	182,225	*,e	CytRx Corp		463
	19,215		Daewoong Pharmaceutical Co Ltd		1,362
	634,290		Daiichi Sankyo Co Ltd		9,967
	371,194	e	Dainippon Sumitomo Pharma Co Ltd		4,736
	964,000		Dawnrays Pharmaceutical Holdings Ltd		924
	469,574	*,e	Dendreon Corp		676
	337,548	*	Depomed, Inc		5,127
	28,794	*,e	Dicerna Pharmaceuticals Inc		367
	55,611		Divi S Laboratories Ltd		1,618
	2,398		Dong-A Pharmaceutical Co Ltd		325
	4,541		Dong-A ST Co Ltd		475
	6,435		DongKook Pharmaceutical Co Ltd		213
	172,709		Dr Reddy’s Laboratories Ltd		9,042
	47,427	*,e	Durata Therapeutics, Inc		601
	478,512	*	Dyax Corp		4,843
	963,715	*,e	Dynavax Technologies Corp		1,378
	11,236	*,e	Egalet Corp		64
	212,322		EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS		200
	313,531	e	Eisai Co Ltd		12,682
	13,508	*,e	Eleven Biotheraputics Inc		150
	2,835,429		Eli Lilly & Co		183,878
	110,903	*	Emergent Biosolutions, Inc		2,363
	51,923	*,e	Enanta Pharmaceuticals, Inc		2,055
	534,659	*,e	Endo International plc		36,539
	114,231	*,e	Endocyte, Inc		695
	171,118	*	Enzo Biochem, Inc		881
	38,249	*,e	Epizyme, Inc		1,037
	22,600		EPS Co Ltd		292
	12,995	*,e	Esperion Thereapeutics, Inc		318
	19,725		Eurofins Scientific		5,103
	101,553	*,e	Evotec AG.		395
	245,061	*,e	Exact Sciences Corp		4,749
	577,046	*,e	Exelixis, Inc		883
	521,317		Faes Farma S.A. (Sigma)		1,331
	79,032		FDC Ltd		187
	50,754	*,e	Five Prime Therapeutics, Inc		595
	12,991	*,e	Flexion Therapeutics Inc		237
	84,230	*,e	Fluidigm Corp		2,064
	55,620	*,m	Forest Laboratories, Inc CVR		53
	43,214	*,e	Foundation Medicine, Inc		819
	44,000		Fuji Pharma Co Ltd		815
	21,958	*,m	Furiex Pharmaceuticals, Inc		215
	77,000		Fuso Pharmaceutical Industries Ltd		229
	23,906	*	Galapagos NV		361
	50,639	*,e	Galectin Therapeutics, Inc		255
	344,595	*,e	Galena Biopharma, Inc		710
	17,405	*	Genfit		922
	42,210	*	Genmab AS		1,782
	12,363	*,e	Genocea Biosciences Inc		112
	51,056	*,e	Genomic Health, Inc		1,445

117

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,720,800	*,e	Genomma Lab Internacional S.A. de C.V.	$	8,940
	70,600		Genus plc		1,289
	564,998	*,e	Geron Corp		1,130
	43,870		Gerresheimer AG.		2,838
	7,695,690	*	Gilead Sciences, Inc		819,206
	5,145,558		GlaxoSmithKline plc		117,546
	51,700		GlycoNex, Inc		136
	103,000	*,e	GNI Group Ltd		338
	197,846	*	Golf Trust Of America, Inc		1,519
	13,443		Green Cross Corp		1,623
	60,610		Green Cross Holdings Corp		1,109
	201,903		Grifols S.A.		8,251
	394,313	e	H Lundbeck AS		8,805
	433,481	*,e	Halozyme Therapeutics, Inc		3,945
	13,997	*	Hanmi Holdings Co Ltd		211
	6,412	*	Hanmi Pharm Co Ltd		530
	12,816		Haw Par Corp Ltd		88
	58,985	*	Heron Therapeutics, Inc		491
	378,769	e	Hikma Pharmaceuticals plc		10,611
	65,491		Hisamitsu Pharmaceutical Co, Inc		2,352
	268,680	*,e	Horizon Pharma plc		3,299
	260,006	*	Hospira, Inc		13,528
	2,672,480	e	Hua Han Bio-Pharmaceutical Holdings Ltd		890
	6,945		Huons Co Ltd		367
	42,692	*,e	Hyperion Therapeutics, Inc		1,077
	172,284	*,e	Idera Pharmaceuticals, Inc		395
	47,482		Il Dong Pharmaceutical Co Ltd		772
	783,533	*	Illumina, Inc		128,437
	14,317		Ilyang Pharmaceutical Co Ltd		368
	13,519	*	Immune Design Corp		239
	265,096	*,e	Immunogen, Inc		2,807
	234,677	*,e	Immunomedics, Inc		873
	254,023	*	Impax Laboratories, Inc		6,023
	352,979	*	Incyte Corp		17,314
	142,867	*	Infinity Pharmaceuticals, Inc		1,917
	37,784	*,e	Innate Pharma S.A.		368
	6,212	*	Innocell Corp		143
	253,858	*,e	Inovio Pharmaceuticals, Inc		2,501
	188,698	*,e	Insmed, Inc		2,463
	29,503	*,e	Insys Therapeutics, Inc		1,144
	28,610	*	Intercept Pharmaceuticals, Inc		6,772
	12,290	*	Intersect ENT, Inc		191
	51,766	*,e	Intra-Cellular Therapies, Inc		710
	106,025	*,e	Intrexon Corp		1,970
	32,616		Ipsen		1,604
	357,156	*,e	Ironwood Pharmaceuticals, Inc		4,627
	485,648	*,e	Isis Pharmaceuticals, Inc		18,858
	14,100	*,e	Japan Tissue Engineering Co Lt		203
	261,729	*	Jazz Pharmaceuticals plc		42,023
	9,300		JCR Pharmaceuticals Co Ltd		231
	7,860		Jeil Pharmaceutical Co		154
	12,212,061		Johnson & Johnson		1,301,684
	253,521		Kaken Pharmaceutical Co Ltd		5,716
	25,834	*	Kamada Ltd		117
	37,096	*,e	Karyopharm Therapeutics, Inc		1,296
	271,312	*,e	Keryx Biopharmaceuticals, Inc		3,731

118

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	50,271	*,e	Kindred Biosciences Inc	$	465
	104,300		Kissei Pharmaceutical Co Ltd		2,615
	20,130	*	Kite Pharma, Inc		574
	4,494		Kolon Life Science, Inc		247
	32,094	*	Komipharm International Co Ltd		306
	175,919		Kwang Dong Pharmaceutical Co Ltd		1,649
	123,836		Kyorin Co Ltd		2,515
	386,091		Kyowa Hakko Kogyo Co Ltd		4,749
	51,938	*,e	KYTHERA Biopharmaceuticals, Inc		1,701
	60,098		Laboratorios Almirall S.A.		881
	14,373	e	Laboratorios Farmaceuticos Rovi S.A		154
	147,164	*,e	Lannett Co, Inc		6,722
	695,608	*,e	Lexicon Pharmaceuticals, Inc		981
	13,404	*	LG Life Sciences Ltd		472
	69,793	*,e	Ligand Pharmaceuticals, Inc (Class B)		3,280
	2,334,000		Lijun International Pharmaceutical Holding Ltd		1,122
	144,500		Livzon Pharmaceutical Group, Inc		999
	274,952		Lonza Group AG.		33,131
	64,000	*	Lotus Pharmaceutical Co Ltd		265
	4,879	*	Loxo Oncology, Inc		64
	127,663	*	Luminex Corp		2,489
	168,463		Lupin Ltd		3,802
	64,392	*	MacroGenics, Inc		1,346
	677,057	*	Mallinckrodt plc		61,037
	893,350	*,e	MannKind Corp		5,280
	1,169,159	*	Mayne Pharma Group Ltd		777
	416,550		Meda AB (A Shares)		5,838
	271,367	*	Medicines Co		6,057
	97,918	*	Medigen Biotechnology Corp		562
	107,822	*	Medivation, Inc		10,660
	27,342	*,e	Medivir AB		474
	4,546		Medy-Tox, Inc		963
	216,200		Mega Lifesciences PCL		131
	10,547,426		Merck & Co, Inc		625,251
	418,611		Merck KGaA		38,477
	385,131	*,e	Merrimack Pharmaceuticals, Inc		3,381
	159,653	*,e	Mesoblast Ltd		602
	78,653	*	Mettler-Toledo International, Inc		20,145
	272,113	*,e	MiMedx Group, Inc		1,940
	21,932	*,e	Mirati Therapeutics, Inc		384
	11,900		Mochida Pharmaceutical Co Ltd		804
	170,005	*	Momenta Pharmaceuticals, Inc		1,928
	96,243	*	Morphosys AG.		9,390
	1,399,875	*	Mylan Laboratories, Inc		63,680
	359,512	*,e	Myriad Genetics, Inc		13,866
	31,100	*,e	NanoCarrier Co Ltd		367
	29,016	*,e	NanoString Technologies, Inc		317
	120,437	*,e	NanoViricides, Inc		361
	9,698		Natco Pharma Ltd		228
	14,261	*	Naturalendo Tech Co Ltd		613
	451,840	*,e	Navidea Biopharmceuticals, Inc		596
	413,703	*,e	Nektar Therapeutics		4,993
	80,348	*,e	NeoStem, Inc		444
	202,457	*,e	Neuralstem, Inc		664
	243,827	*	Neurocrine Biosciences, Inc		3,821
	59,948	*,e	NewLink Genetics Corp		1,284

119

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	46,150		Nichi-iko Pharmaceutical Co Ltd	$	747
	45,000		Nippon Shinyaku Co Ltd		1,362
	173,225	*,e	Northwest Biotherapeutics, Inc		871
	5,133,965		Novartis AG.		483,457
	126,189		Novartis AG. (ADR)		11,878
	693,776	*,e	Novavax, Inc		2,893
	3,037,387		Novo Nordisk AS		144,615
	344,312	*	NPS Pharmaceuticals, Inc		8,952
	64,346	*,e	Ohr Pharmaceutical, Inc		467
	101,938	*,e	Omeros Corp		1,297
	17,790	*,m	Omthera Pharmaceuticals, Inc		11
	55,929	*,e	OncoMed Pharmaceuticals, Inc		1,059
	204,724	*,e	Oncothyreon, Inc		393
	116,820		Oneness Biotech Co Ltd		242
	133,695		Ono Pharmaceutical Co Ltd		11,872
	56,844	*,e	Ophthotech Corp		2,213
	581,844	*,e	Opko Health, Inc		4,952
	420,886	*,e	Orexigen Therapeutics, Inc		1,793
	14,237	*,e	Orexo AB		251
	179,649	*,e	Organovo Holdings, Inc		1,144
	44,000		Orient Europharma Co Ltd		115
	213,347		Orion Oyj (Class B)		8,330
	55,521	*,e	Osiris Therapeutics, Inc		699
	16,948	*	Otonomy, Inc		407
	1,069,169		Otsuka Holdings KK		36,852
	55,685	*,e	OvaScience, Inc		924
	187,731	*,e	Pacific Biosciences of California, Inc		922
	107,135	*,e	Pacira Pharmaceuticals, Inc		10,384
	106,074	*,e	Pain Therapeutics, Inc		415
	1,838,556	*,e	Paion AG.		7,477
	239,836	*	Parexel International Corp		15,131
	478,233	e	PDL BioPharma, Inc		3,572
	5,200	*,e	PeptiDream, Inc		423
	525,624	*,e	Peregrine Pharmaceuticals, Inc		715
	355,541	*	PerkinElmer, Inc		15,502
	753,112		Perrigo Co plc		113,110
	22,377,710		Pfizer, Inc		661,709
	231,946	*,e	Pharmacyclics, Inc		27,237
	48,861	*	PharmaEngine Inc		441
	63,492	*	Pharmstandard (GDR)		810
	41,479	e	Phibro Animal Health Corp		930
	172,865	*	Phytohealth Corp		206
	116,139		Piramal Healthcare Ltd		1,441
	161,889	*,e	Portola Pharmaceuticals, Inc		4,093
	80,586		Pozen, Inc		592
	278,191	*	Prestige Brands Holdings, Inc		9,005
	243,341	*,e	Progenics Pharmaceuticals, Inc		1,263
	397,584	*,e	Prothena Corp plc		8,810
	23,897,082		PT Kalbe Farma Tbk		3,327
	81,468	*,e	PTC Therapeutics, Inc		3,585
	91,297	*,e	Puma Biotechnology, Inc		21,781
	476,593	*	Qiagen NV		10,797
	630,550	*,e	Qiagen NV (NASDAQ)		14,358
	222,364	*	Quintiles Transnational Holdings, Inc		12,403
	18,001	*	Radius Health, Inc		378
	154,330	*	Ranbaxy Laboratories Ltd		1,591

120

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	184,827	*,e	Raptor Pharmaceutical Corp	$	1,772
	112,442	*	Receptos, Inc		6,984
	252,844		Recordati S.p.A.		4,135
	57,649	*,e	Regado Biosciences, Inc		65
	180,395	*	Regeneron Pharmaceuticals, Inc		65,036
	39,124	*,e	Regulus Therapeutics, Inc		267
	51,486	*,e	Relypsa, Inc		1,086
	98,079	*	Repligen Corp		1,953
	27,800	*,e	ReproCELL, Inc		207
	67,593	*,e	Repros Therapeutics, Inc		669
	120,889	*,e	Retrophin, Inc		1,090
	23,572	*,e	Revance Therapeutics, Inc		456
	127,281	e	Richter Gedeon Rt		1,988
	316,280	*	Rigel Pharmaceuticals, Inc		614
	1,095,467		Roche Holding AG.		323,495
	87,800		Rohto Pharmaceutical Co Ltd		1,177
	12,297	*	Sage Therapeutics, Inc		387
	78,245	*,e	Sagent Pharmaceuticals		2,433
	1,789,441	*	Salix Pharmaceuticals Ltd		279,582
	200,448	*,e	Sangamo Biosciences, Inc		2,162
	2,118,923		Sanofi-Aventis		239,588
	114,156		Santen Pharmaceutical Co Ltd		6,393
	119,729	*,e	Sarepta Therapeutics, Inc		2,526
	32,200		Sawai Pharmaceutical Co Ltd		1,852
	169,615	*	Sciclone Pharmaceuticals, Inc		1,169
	206,290		Scinopharm Taiwan Ltd		423
	198,674	*,e	Seattle Genetics, Inc		7,387
	31,873	*	Seegene, Inc		1,671
	569,400		Seikagaku Corp		8,564
	341,783	*,e	Sequenom, Inc		1,015
	510,000		Shandong Luoxin Pharmacy Stock Co Ltd		955
	179,000		Shanghai Dingli Technology Dev		120
	521,067		Shanghai Fosun Pharmaceutical Group Co Ltd		1,677
	277,000	*,e	Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd		262
	15,800	*,e	Shin Nippon Biomedical Laboratories Ltd		121
	781,843		Shionogi & Co Ltd		17,944
	1,202,936		Shire Ltd		103,791
	7,640		Siegfried Holding AG.		1,135
	25,832,032		Sihuan Pharmaceutical Holdings		19,348
	3,659,932		Sino Biopharmaceutical		3,642
	98,280		Sinphar Pharmaceutical Co Ltd		144
	55,705		Sirtex Medical Ltd		1,070
	4,254,176	*,m	Skyline Venture Fund II Ltd		244
	976,029	*,m	Skyline Venture Fund III Ltd		52
	13,000	*,e	Sosei Group		549
	232,781	e	Spectrum Pharmaceuticals, Inc		1,895
	208,635		Stada Arzneimittel AG.		8,265
	6,976		Stallergenes		470
	608,100		Standard Chemical & Pharma		771
	31,930	*,e	Stemline Therapeutics, Inc		398
	54,290	*,e	Sucampo Pharmaceuticals, Inc (Class A)		353
	71,771	*	Sun Pharma Advanced Research Company Ltd		230
	1,632,654		Sun Pharmaceutical Industries Ltd		22,596
	142,534	*,e	Sunesis Pharmaceuticals, Inc		1,018
	94,788	*,e	Supernus Pharmaceuticals, Inc		824
	66,742	*,e	Synageva BioPharma Corp		4,591

121

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	267,649	*,e	Synergy Pharmaceuticals, Inc	$	745
	170,375	*,e	Synta Pharmaceuticals Corp		513
	13,049	*	T2 Biosystems, Inc		236
	209,000	*	Taigen Biopharmaceuticals Holdings Ltd		303
	70,469		Taisho Pharmaceutical Holdings Co Ltd		4,823
	38,339	*	Taiwan Liposome Co Ltd		300
	80,000	e	Takara Bio, Inc		1,135
	648,420		Takeda Pharmaceutical Co Ltd		28,188
	347,577		Tanabe Seiyaku Co Ltd		5,100
	10,226	e	Tecan Group AG.		1,073
	87,355		Techne Corp		8,172
	106,056	*,e	TESARO, Inc		2,855
	62,800	*	Tetraphase Pharmaceuticals, Inc		1,253
	1,155,601		Teva Pharmaceutical Industries Ltd		62,195
	118,859		Teva Pharmaceutical Industries Ltd (ADR)		6,389
	66,043	*,e	TG Therapeutics, Inc		705
	297,894	*,e	TherapeuticsMD, Inc		1,382
	90,632	*,e	Theravance Biopharma, Inc		2,089
	249,990	e	Theravance, Inc		4,272
	1,526,642		Thermo Electron Corp		185,792
	163,323	*,e	Threshold Pharmaceuticals, Inc		590
	106,952	*,e	ThromboGenics NV		997
	668,000	e	Tong Ren Tang Technologies Co Ltd		922
	11,100		Torii Pharmaceutical Co Ltd		308
	75,076		Torrent Pharmaceuticals Ltd		1,059
	39,100	e	Towa Pharmaceutical Co Ltd		1,712
	15,714	*,e	Transgene S.A.		173
	88,292	e	Tsumura & Co		1,968
	213,917		TTY Biopharm Co Ltd		470
	39,000	*	TWi Pharmaceuticals, Inc		332
	145,505		UCB S.A.		13,185
	28,256	*,e	Ultragenyx Pharmaceutical, Inc		1,599
	6,000	*,e	UMN Pharma, Inc		184
	62,237		Unichem Laboratories Ltd		223
	2,077,500	*	United Laboratories Ltd		1,565
	31,842	*	United Therapeutics Corp		4,096
	31,540	*,e	Valneva SE		211
	483,804	*,e	Vanda Pharmaceuticals, Inc		5,022
	498,836	*	Vectura Group plc		1,065
	72,261	*,e	Verastem, Inc		616
	21,051	*,e	Versartis, Inc		400
	581,263	*	Vertex Pharmaceuticals, Inc		65,282
	5,802		Virbac S.A.		1,221
	13,031	*	ViroMed Co Ltd		702
	14,608	*,e	Vital Therapies, Inc		298
	276,333	*,e	Vivus, Inc		1,067
	169,397	*	Waters Corp		16,791
	888,000	*	Winteam Pharmaceutical Group Ltd		446
	98,680		Wockhardt Ltd		1,274
	44,615	*,e	Xencor Inc		415
	233,165	*,e	Xenoport, Inc		1,254
	635,940	*,e	XOMA Corp		2,677
	8,088		Yuhan Corp		1,425
	99,689	*	Yungjin Pharmaceutical Co Ltd		150
	780,000		YungShin Global Holding Corp		1,532
	14,957	*	Zafgen, Inc		294

122

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,362	*	Zealand Pharma AS	$	121
	371,439	*	Zeltia S.A.		1,332
	31,600		Zeria Pharmaceutical Co Ltd		650
	244,379	*,e	ZIOPHARM Oncology, Inc		645
	2,908,235		Zoetis Inc		107,459
	345,807	*,e	Zogenix, Inc		398
	16,709	*	ZS Pharma, Inc		656
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		10,975,768
REAL ESTATE - 3.4%
	10,700,000	*	8990 Holdings, Inc		1,726
	835,541		Abacus Property Group		1,871
	213,454		Acadia Realty Trust		5,887
	913		Activia Properties Inc		7,337
	297,776		Acucap Properties Ltd		1,212
	1,641		Advance Residence Investment Corp		3,816
	29,000		Advancetek Enterprise Co Ltd		28
	29,942		Aeon Mall Co Ltd		572
	7,876		AEON REIT Investment Corp		9,838
	109,525	*	Africa Israel Investments Ltd		190
	12,296		Africa Israel Properties Ltd		206
	102,513		AG Mortgage Investment Trust		1,825
	8,185,183	e	Agile Property Holdings Ltd		5,026
	53,731		Agree Realty Corp		1,471
	1,497,684	e	AIMS AMP Capital Industrial REIT		1,685
	32,700	*	Airport City Ltd		330
	43,800		Airport Facilities Co Ltd		300
	41,356		Akmerkez Gayrimenkul Yatirim Ortakligi AS		290
	183,000		Al-‘Aqar Healthcare REIT		79
	3,438,479		Aldar Properties PJSC		3,664
	176,882		Alexander & Baldwin, Inc		6,362
	6,939	e	Alexander’s, Inc		2,595
	135,779		Alexandria Real Estate Equities, Inc		10,014
	93,100		Aliansce Shopping Centers S.A.		704
	1,212,815		Allan Gray Property Trust		828
	11,376,943		Allco Commercial Real Estate Investment Trust		12,032
	35,917		Allied Properties Real Estate Investment Trust		1,096
	19,307		Allreal Holding AG.		2,497
	191,642		Alony Hetz Properties & Investments Ltd		1,383
	3,902	*	AL-ROV Israel Ltd		126
	4,383	*	Alrov Properties and Lodgings Ltd		96
	74,448	e	Alstria Office REIT-AG.		910
	4,338	*,e	Altisource Asset Management Corp		2,928
	43,071	*,e	Altisource Portfolio Solutions S.A.		4,342
	208,089		Altisource Residential Corp		4,994
	87,500	e	Altus Group Ltd		1,537
	3,188,500		Amata Corp PCL (Foreign)		1,590
	1,413,855		Amer Group Holding		227
	128,791		American Assets Trust,Inc		4,246
	101,865		American Campus Communities, Inc		3,713
	812,669		American Capital Agency Corp		17,269
	186,305		American Capital Mortgage, Inc		3,506
	334,178		American Homes 4 Rent		5,644
	621,115		American Realty Capital Healthcare Trust, Inc		6,509
	1,550,247		American Realty Capital Properties, Inc		18,696

123

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	117,480	*,e	American Residential Properties, Inc	$	2,155
	995,316		American Tower Corp		93,191
	77,924		Amot Investments Ltd		256
	1,297,098		AMP NZ Office Trust		1,099
	70,826	e	AmREIT, Inc (Class B)		1,627
	10,262,200		Ananda Development PCL		1,300
	1,577,546		Anant Raj Industries Ltd		1,405
	5,947		ANF Immobilier		173
	1,889,560		Annaly Capital Management, Inc		20,180
	469,177		Anworth Mortgage Asset Corp		2,247
	1,182,600	*	AP Thailand PCL (Foreign)		262
	433,613		Apartment Investment & Management Co (Class A)		13,798
	167,889		Apollo Commercial Real Estate Finance, Inc		2,638
	96,936		Ares Commercial Real Estate Corp		1,133
	1,602,376		Argosy Property Ltd		1,257
	109,892	e	Armada Hoffler Properties, Inc		998
	1,309,111	*,e	ARMOUR Residential REIT, Inc		5,040
	347,176		Arrowhead Properties Ltd		242
	241,880	e	Arrowhead Properties Ltd (Class B)		169
	166,451		Artis Real Estate Investment Trust		2,275
	1,568,000		Ascendas Hospitality Trust		879
	1,537,000	e	Ascendas India Trust		934
	508,587		Ascendas REIT		897
	1,066,302		Ascott Residence Trust		1,031
	92,423		Ashford Hospitality Prime, Inc		1,408
	259,040		Ashford Hospitality Trust, Inc		2,647
	212,071		Associated Estates Realty Corp		3,713
	966,962	*	Attacq Ltd		1,714
	40,916	*	AV Homes, Inc		599
	412,509		AvalonBay Communities, Inc		58,151
	918,633	e	Aveo Group		1,704
	124,697	e	Aviv REIT, Inc		3,286
	305,900		Axis Real Estate Investment Trust		338
	8,259,523		Ayala Land, Inc		6,436
	111,057		Babcock & Brown Japan Property Trust		433
	10,000,000		Bangkokland PCL		671
	163,421		Barwa Real Estate Co		1,797
	597		Bayside Land Corp		167
	26,696		Befimmo SCA Sicafi		1,982
	2,796,000		Beijing Capital Land Ltd		965
	1,530,000		Beijing North Star Co		412
	2,342,000	*,e	Beijing Properties Holdings Ltd		205
	5,130,950		Belle Corp		586
	1,240,671	*	Beni Stabili S.p.A		26
	1,240,671	e	Beni Stabili S.p.A.		871
	350,875		Big Yellow Group plc		2,949
	105,034		BioMed Realty Trust, Inc		2,122
	553,002	e	Blackstone Mortgage Trust, Inc		14,986
	808	*	BLife Investment Corp		3,463
	85,859		Boardwalk Real Estate Investment Trust		5,282
	620,542		Boston Properties, Inc		71,834
	493,156		BR Malls Participacoes S.A.		3,894
	149,508		BR Properties S.A.		794
	110,083		Brandywine Realty Trust		1,549
	176,200		Brasil Brokers Participacoes S.A.		238
	2,003,640		British Land Co plc		22,768

124

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,094,191		Brixmor Property Group, Inc	$	24,357
	882,638		Brookfield Asset Management, Inc		39,626
	12,300		Brookfield Canada Office Properties		298
	7,911	*	Brookfield Multiplex Group		589
	40,000		Brookfield Property Partners LP		843
	1,740		Brookfield Property Partners LP (Toronto)		37
	1,286,927		Bunnings Warehouse Property Trust		2,690
	49,449	*,e	BUWOG AG.		978
	34,564,188		C C Land Holdings Ltd		6,038
	75,057		CA Immobilien Anlagen AG.		1,495
	1,545,000		Cache Logistics Trust		1,410
	73,875		Calloway Real Estate Investment Trust		1,697
	1,084,442		Cambridge Industrial Trust		608
	336,263		Camden Property Trust		23,044
	234,759		Campus Crest Communities, Inc		1,502
	67,491		Canadian Apartment Properties REIT		1,422
	36,956		Canadian Real Estate Investment Trust		1,601
	1,044,400		CapitaCommercial Trust		1,305
	777,867		Capital & Counties Properties		4,134
	3,380,466		Capital Property Fund		3,607
	2,621,880	e	CapitaLand Ltd		6,568
	2,429,181		CapitaMall Trust		3,635
	1,261,400		CapitaMalls Malaysia Trust		550
	506,032		CapitaRetail China Trust		622
	368,447	e	Capstead Mortgage Corp		4,510
	71,742	*	CareTrust REIT, Inc		1,026
	8,220,000	*,e	Carnival Group International Holdings Ltd		1,236
	401,752		Castellum AB		6,101
	59,061		CatchMark Timber Trust Inc		647
	1,009,000		Cathay Real Estate Development Co Ltd		527
	210,996		CBL & Associates Properties, Inc		3,777
	1,509,747	*	CBRE Group, Inc		44,900
	665,000	e	CDL Hospitality Trusts		870
	15,000,000		Cebu Holdings, Inc		1,751
	286,100		Cedar Shopping Centers, Inc		1,688
	111,419		Cedar Woods Properties Ltd		718
	1,612,000		Central China Real Estate Ltd		380
	1,498,400		Central Pattana PCL (Foreign)		2,144
	10,000,000		Century Properties Group, Inc		283
	1,537,234		CFS Gandel Retail Trust		2,684
	1,057,375		CH Karnchang PCL		918
	867,236	e	Chambers Street Properties		6,530
	2,897,636		Champion Real Estate Investment Trust		1,208
	742,819		Charter Hall Group		2,657
	84,800		Chartwell Retirement Residences		830
	108,970		Chatham Lodging Trust		2,515
	188,233		Chesapeake Lodging Trust		5,487
	4,355,551		Cheuk Nang Holdings Ltd		3,921
	2,056,607		Cheung Kong Holdings Ltd		33,831
	1,984,872		Chimera Investment Corp		6,034
	2,589,500	e	China Aoyuan Property Group Ltd		417
	56,536	*	China New City Commercial Development Ltd		15
	13,712,521	*,e	China New Town Development Co Ltd		696
	5,380,994		China Overseas Land & Investment Ltd		13,809
	652,000	*	China Properties Group Ltd		135
	7,836,994		China Resources Land Ltd		16,121

125

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,233,200		China SCE Property Holdings Ltd	$	625
	7,914,000	e	China South City Holdings Ltd		3,656
	4,632,647	*,e	China Vanke Co Ltd		8,145
	335,500		Chinese Estates Holdings Ltd		966
	97,200	e	Choice Properties REIT		895
	168,084		Chong Hong Construction Co		384
	5,328,000		CIFI Holdings Group Co Ltd		995
	134,428	e	City Developments Ltd		1,013
	616,145		Citycon Oyj		2,054
	18,837		Cofinimmo		2,134
	370,773		Colony Financial, Inc		8,298
	11,584	*	Colour Life Services Group		11
	219,054		Columbia Property Trust, Inc		5,229
	360	*,e	Comforia Residential REIT, Inc		670
	62,198		Cominar Real Estate Investment Trust		1,050
	701,600	e	Concentradora Fibra Danhos S.A. de C.V.		1,891
	461,100		Concentradora Fibra Hotelera Mexicana S.A. de C.V.		808
	20,414		Consolidated-Tomoka Land Co		1,002
	59,323		Conwert Immobilien Invest AG.		676
	64,436		Coresite Realty		2,118
	19,869		Corio NV		974
	521,036	e	Corp Inmobiliaria Vesta SAB de C.V.		1,115
	104,499		Corporate Office Properties Trust		2,688
	5,889,932		Country Garden Holdings Co Ltd		2,222
	270,293		Countrywide plc		1,974
	778,953		Cousins Properties, Inc		9,308
	2,273		Crescendo Investment Corp		1,864
	37,600		Crombie Real Estate Investment Trust		435
	1,251,611	e	Cromwell Group		1,039
	355,549		Crown Castle International Corp		28,632
	12,628,943		CSI Properties Ltd		529
	30,300		CT Real Estate Investment Trust		298
	765,574		CubeSmart		13,765
	106,524		CyrusOne, Inc		2,561
	586,864	e	CYS Investments, Inc		4,836
	537	*	DA Office Investment Corp		2,900
	102,700		Daibiru Corp		1,180
	326,000		Daikyo, Inc		610
	2,595,900		Daiman Development BHD		2,765
	76,603		Daito Trust Construction Co Ltd		9,058
	1,298,271	e	Daiwa House Industry Co Ltd		23,323
	470	*	Daiwa House REIT Investment Corp		2,082
	8,164,719		DB RREEF Trust		7,927
	1,340,707		DCT Industrial Trust, Inc		10,069
	1,175,499		DDR Corp		19,666
	69,249		Delta Corp Ltd		99
	164,006		Derwent London plc		7,236
	124,094		Deutsche Euroshop AG.		5,362
	351,575		Deutsche Wohnen AG.		7,488
	725,282		DiamondRock Hospitality Co		9,197
	40,852		DIC Asset AG.		344
	510,833	e	Digital Realty Trust, Inc		31,866
	115,056		Dios Fastigheter AB		846
	14,278,224		DLF Ltd		34,660
	61,451	*	Dogus Gayrimenkul Yatirim Ortakligi AS		106
	80,319		Douglas Emmett, Inc		2,062

126

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	51,500		Dream Global Real Estate Investment Trust	$	418
	93,500		Dream Industrial Real Estate Investment Trust		756
	50,294		Dream Office Real Estate Investment Trust		1,256
	75,413	*	Dream Unlimited Corp		883
	1,175,285		Duke Realty Corp		20,191
	218,442		DuPont Fabros Technology, Inc		5,907
	201,738	e	Dynex Capital, Inc		1,630
	664,000		Eastern & Oriental BHD		581
	121,873		EastGroup Properties, Inc		7,384
	537,701		Education Realty Trust, Inc		5,528
	4,847,673		Emaar Properties PJSC		15,244
	442,177		Emira Property Fund		615
	2,567,748		Emlak Konut Gayrimenkul Yatiri		2,688
	1,507,333		Emperor International Holdings		326
	269,822	e	Empire State Realty Trust, Inc		4,053
	199,580		Entertainment Properties Trust		10,115
	43,427	*	Equity Commonwealth		1,117
	322,538		Equity Lifestyle Properties, Inc		13,663
	223,369		Equity One, Inc		4,831
	850,272		Equity Residential		52,360
	870,098	*	Eshraq Properties Co PJSC		303
	292,433		Essex Property Trust, Inc		52,272
	194,780		Eurobank Properties Real Estate Investment Co		2,220
	44,844		Eurocommercial Properties NV		1,975
	13,297,261	e	Evergrande Real Estate Group		4,995
	217,918		Excel Trust, Inc		2,565
	746,274		Extra Space Storage, Inc		38,485
	163,362	e	Fabege AB		2,075
	5,583,500	e	Fantasia Holdings Group Co Ltd		596
	888,802		Far East Consortium		324
	1,090,000		Far East Hospitality Trust		696
	187,437		Farglory Land Development Co Ltd		220
	89,041	*	Fastighets AB Balder		1,129
	131,051		Federal Realty Investment Trust		15,524
	5,140,263		Federation Centres		11,596
	562,585		FelCor Lodging Trust, Inc		5,266
	293,600		Fibra Shop Portafolios Inmobiliarios SAPI de C.V.		388
	5,282,591		Fibra Uno Administracion S.A. de C.V.		17,389
	12,000,000		Filinvest Development Corp		1,262
	58,025,000		Filinvest Land, Inc		2,039
	130,365	e	First Capital Realty, Inc		2,038
	399,146	e	First Industrial Realty Trust, Inc		6,750
	214,017		First Potomac Realty Trust		2,515
	944,376		First Real Estate Investment Trust		910
	62,910	e	FirstService Corp		3,302
	4,633		Fonciere Des Regions		418
	576,519	*	Forest City Enterprises, Inc (Class A)		11,277
	126,343	*	Forestar Real Estate Group, Inc		2,239
	452,226		Fortress Income Fund Ltd		652
	330,781		Foxtons Group plc		1,147
	389,626		Franklin Street Properties Corp		4,372
	9,014,701	e	Franshion Properties China Ltd		2,192
	544,000	e	Frasers Centrepoint Trust		803
	920	*	Frontier Real Estate Investment Corp		4,413
	617	*	Fukuoka REIT Corp		1,139
	4,290,000		Future Land Development Holdin		353

127

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	225,201	*	GAGFAH S.A.	$	4,186
	333,301	e	Gaming and Leisure Properties, Inc		10,299
	224,106		Gazit Globe Ltd		2,796
	9,756		Gazit, Inc		250
	990,765		GDI Property Group		789
	6,840		Gecina S.A.		897
	3,390,000	e	Gemdale Properties and Investm		183
	2,612,959		General Growth Properties, Inc		61,535
	270,546		Geo Group, Inc		10,340
	107,504		Getty Realty Corp		1,828
	58,686	e	Gladstone Commercial Corp		997
	631,464		Glimcher Realty Trust		8,550
	6,766,391		Global Logistic Properties		14,362
	1,420		Global One Real Estate Investment Corp		4,007
	285,791	*	Globe Trade Centre S.A.		482
	280,100		Glomac BHD		97
	4,634,895	*	Glorious Property Holdings Ltd		710
	5,797	*	GLP J-Reit		6,699
	58,388		Godrej Properties Ltd		223
	26,280		Goldcrest Co Ltd		479
	745,300	*	Golden Land Property Development PCL		207
	242,000	*,e	Goldin Properties Holdings Ltd		156
	1,440,008		Goodman Property Trust		1,192
	236,551		Government Properties Income Trust		5,183
	2,081,796		GPT Group (ASE)		7,050
	900,369		Grainger plc		2,700
	429,124	e	Gramercy Property Trust, Inc		2,472
	24,900		Granite Real Estate Investment Trust		856
	504,016		Great Eagle Holdings Ltd		1,710
	819,398		Great Portland Estates plc		8,469
	9,499,377	*	Green REIT plc		15,598
	428,000		Greenland Hong Kong Holdings Ltd		164
	35,900	e	Greentown China Holdings Ltd		34
	2,372,883		Growthpoint Properties Ltd		5,182
	682,000		Guangdong Land Holdings Ltd		134
	8,294,056	e	Guangzhou Investment Co Ltd		1,471
	3,527,108	e	Guangzhou R&F Properties Co Ltd		3,560
	3,031,000		GZI Real Estate Investment Trust		1,444
	312,561		H&R Real Estate Investment Trust		6,101
	3,910		Haesung Industrial Co Ltd		117
	164,349		Halk Gayrimenkul Yatrm Ortakli		80
	39,490	e	Hamborner AG.		404
	292,084		Hammerson plc		2,712
	1,811,495		Hang Lung Group Ltd		8,975
	16,757,071		Hang Lung Properties Ltd		47,630
	328		Hankyu Reit, Inc		1,888
	78,524		Hannon Armstrong Sustainable Infrastructure Capital, Inc		1,085
	1,817,023		Hansteen Holdings plc		3,049
	350,999		Hatteras Financial Corp		6,304
	734,164		HCP, Inc		29,154
	523,303		Health Care REIT, Inc		32,638
	365,253		Healthcare Realty Trust, Inc		8,649
	414,269		Healthcare Trust of America, Inc		4,806
	33,800		Heiwa Real Estate Co Ltd		532
	193,551		Helical Bar plc		1,098
	164,894		Heliopolis Housing		1,440

128

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	22,285,800		Hemaraj Land and Development PCL (Foreign)	$	3,031
	4,027,906	e	Henderson Land Development Co Ltd		26,076
	734,374		Hersha Hospitality Trust		4,678
	17,836,200	*,e	Hibernia REIT plc		25,907
	603,250		Highwealth Construction Corp		962
	334,477		Highwoods Properties, Inc		13,011
	169,000		Ho Bee Investment Ltd		266
	63,875		Home Properties, Inc		3,720
	228,000		Hong Fok Corp Ltd		173
	260,994		Hongkong Land Holdings Ltd		1,774
	982,000	*,e	Hopson Development Holdings Ltd		846
	324,994		Hospitality Properties Trust		8,726
	3,278,068		Host Marriott Corp		69,921
	287,642	*	Housing Development & Infrastruture Ltd		388
	178,846	*	Howard Hughes Corp		26,827
	268,235		Huaku Development Co Ltd		511
	145,000		Huang Hsiang Construction Co		186
	226,238		Hudson Pacific Properties		5,579
	180,719		Hufvudstaden AB (Series A)		2,246
	7,080	*	Hulic Reit, Inc		11,385
	292,362		Hung Poo Real Estate Development Corp		237
	553,000		Hung Sheng Construction Co Ltd		373
	1,064,000	e	Hutchison Harbour Ring Ltd		86
	550,229		Hyprop Investments Ltd		4,232
	1,336,125		Hysan Development Co Ltd		6,165
	11,934		Icade		1,008
	4,441		Ichigo Real Estate Investment Corp		3,367
	1,440,690		IGB Corp BHD		1,260
	2,230,600		IGB Real Estate Investment Trust		898
	81,300		Iguatemi Empresa de Shopping Centers S.A.		824
	1,257,900		IJM Land BHD		1,268
	171,073	e	Immobiliare Grande Distribuzione		143
	1,355,948	*,e,m	Immoeast AG.		0	^
	658,721	*,e,m	Immofinanz ANSPR NACHB AG.		0	^
	281,672	*	Immofinanz Immobilien Anlagen AG.		799
	225,932		Indiabulls Real Estate Ltd		246
	189	e	Industrial & Infrastructure Fund Investment Corp		1,567
	1,820,300		ING Office Fund		5,336
	374,342		Inland Real Estate Corp		3,710
	2,228,795	*	Inmobiliaria Colonial S.A.		1,576
	91,800		InnVest Real Estate Investment Trust		435
	26,900		InterRent Real Estate Investment Trust		132
	1,922		Intershop Holdings		717
	13,215		Intervest Offices		359
	447,417		Invesco Mortgage Capital, Inc		7,033
	452,227		Investors Real Estate Trust		3,482
	654,909		IOI Properties Group Sdn BHD		523
	1,364,506		Is Gayrimenkul Yatirim Ortakligi AS		767
	309,028	*	iStar Financial, Inc		4,172
	1,144	*	Japan Excellent, Inc		1,470
	9,193	*	Japan Hotel REIT Investment Corp		5,601
	842	*	Japan Logistics Fund Inc		1,862
	270		Japan Prime Realty Investment Corp		973
	294		Japan Real Estate Investment Corp		1,512
	3,362	e	Japan Rental Housing Investments, Inc		2,335
	1,514		Japan Retail Fund Investment Corp		3,052

129

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,195		Jerusalem Economy Ltd	$	161
	17,193	*	Jerusalem Oil Exploration		742
	276,800		JHSF Participacoes S.A.		406
	1,728,650	m	Jiangsu Future Land Co Ltd		876
	3,691	e	Joint Reit Investment Corp		3,597
	108,759		Jones Lang LaSalle, Inc		13,741
	7,400	e	Jowa Holdings Co Ltd		254
	1,080,639		K Wah International Holdings Ltd		603
	4,642,000	e	Kaisa Group Holdings Ltd		1,763
	770,480		KEE TAI Properties Co Ltd		470
	1,526		Kenedix Realty Investment Corp		8,194
	705	*	Kenedix Residential Investment Corp		1,803
	387,400	*,e	Kenedix, Inc		1,671
	264,447	e	Kennedy-Wilson Holdings, Inc		6,336
	1,380,419		Keppel Land Ltd		3,785
	2,674,640		Kerry Properties Ltd		8,967
	51,600	e	Killam Properties, Inc		477
	191,889		Kilroy Realty Corp		11,406
	382,762		Kimco Realty Corp		8,386
	383,000		Kindom Construction Co		341
	362,280	*	King’s Town Construction Co Ltd		296
	126,788		Kite Realty Group Trust		3,073
	1,177,982		Kiwi Income Property Trust		1,071
	79,600		KLCC Property Holdings BHD		161
	63,262		Klepierre		2,767
	238,206		Klovern AB		1,146
	298,324		Korea Real Estate Investment Trust Co		759
	3,055,130		Kowloon Development Co Ltd		3,535
	2,037,138	e	K-REIT Asia		1,901
	307,001	e	Kungsleden AB		1,819
	428,185		Kuoyang Construction Co Ltd		196
	7,311,231		KWG Property Holding Ltd		5,122
	120,412,000		Lai Fung Holdings Ltd		2,553
	73,030,250	*,e	Lai Sun Development		1,753
	297,096		Land Securities Group plc		4,988
	4,068,500		Langham Hospitality Investments Ltd		1,741
	379,384		LaSalle Hotel Properties		12,990
	455,800		LBS Bina Group BHD		235
	418,693	*	LC Corp S.A.		232
	77,631		LEG Immobilien AG.		5,367
	516,716		Lend Lease Corp Ltd		6,488
	239,011	*	Leopalace21 Corp		1,313
	760,295	e	Lexington Corporate Properties Trust		7,443
	293,003		Liberty International plc		1,526
	186,962		Liberty Property Trust		6,218
	3,003,281		Link REIT		17,331
	1,868,000	e	Lippo-Mapletree Indonesia Retail Trust		578
	1,326,000		Logan Property Holdings Co Ltd		394
	616,357		London & Stamford Property plc		1,389
	952,000		Long Bon International Co Ltd		623
	1,823,620		Longfor Properties Co Ltd		2,084
	1,950,000		LPN Development PCL		1,301
	151,300		LPS Brasil Consultoria de Imoveis S.A.		674
	306,247		LSR Group (GDR)		1,114
	157,653		LTC Properties, Inc		5,816
	61,009		Macerich Co		3,894

130

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	663,387		Mack-Cali Realty Corp	$	12,677
	315,591		Macquarie CountryWide Trust		1,049
	852,211		Macquarie Goodman Group		3,851
	3,305,590		Macquarie MEAG Prime REIT		2,046
	1,445,378		Mah Sing Group BHD		1,070
	5,500	*,e	Mainstreet Equity Corp		200
	35,779	*,e,m	Mapeley Ltd		62
	3,177,287	e	Mapletree Commercial Trust		3,512
	4,739,000	e	Mapletree Greater China Commercial Trust		3,359
	3,035,661		Mapletree Industrial Trust		3,377
	3,690,804		Mapletree Logistics Trust		3,342
	587,550		Matrix Concepts Holdings BHD		582
	29,383		Mazaya Qatar Real Estate Development Q.S.C		196
	1,386,000		MBK PCL		697
	641,923		Medical Properties Trust, Inc		7,870
	53,469	*	Medinet Nasr Housing		343
	46,651,200		Megaworld Corp		5,222
	28,550		Melisron Ltd		768
	52,263		Mercialys S.A		1,140
	621,700		Mexico Real Estate Management S.A. de C.V.		1,095
	1,400,397		MFA Mortgage Investments, Inc		10,895
	1,038	*	MID Reit, Inc		2,565
	202,974		Mid-America Apartment Communities, Inc		13,325
	1,558,929	*,e	Midland Holdings Ltd		752
	1,448,000	*	Mingfa Group		377
	1,918,000		Minmetals Land Ltd		217
	1,765,720		Mirvac Group		2,656
	781,837		Mitsubishi Estate Co Ltd		17,620
	2,551,022		Mitsui Fudosan Co Ltd		78,287
	198,500		MKH BHD		224
	7,564		Mobimo Holding AG.		1,464
	225,777	e	Monmouth Real Estate Investment Corp (Class A)		2,285
	47,700		Morguard North American Reside		435
	57,821		Morguard Real Estate Investment Trust		957
	2,782	*	Mori Hills REIT Investment Corp		3,868
	1,073	*	Mori Trust Sogo Reit, Inc		1,985
	227,027		Multiplan Empreendimentos Imobiliarios S.A.		4,649
	140,300		Naim Holdings BHD		149
	129,797		National Health Investors, Inc		7,417
	11,685		National Leasing		90
	279,077	e	National Retail Properties, Inc		9,648
	113,255,000	*	Natural Park PCL		175
	1,784,000	*	Neo-China Land Group Holdings Ltd		342
	169,000		New Century Real Estate Investment Trust		72
	1,540,000	*	New City Development Group Ltd		92
	1,022,989		New Residential Investment Corp		5,964
	3,148,614		New World China Land Ltd		1,784
	14,376,664		New World Development Co Ltd		16,748
	337,393	e	New York Mortgage Trust, Inc		2,439
	626,174	*,e	New York REIT, Inc		6,437
	132,865		NewRiver Retail Ltd		638
	65,665		Nexity		2,425
	161,863		Nieuwe Steen Investments NV		851
	435		Nippon Accommodations Fund, Inc		1,571
	314		Nippon Building Fund, Inc		1,653
	2,237		Nippon ProLogis REIT, Inc		5,201

131

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	24,628	*	Nitsba Holdings 1995 Ltd	$	403
	145,729		Nomura Real Estate Holdings, Inc		2,506
	6,364	*	Nomura Real Estate Master Fund, Inc		7,989
	411		Nomura Real Estate Office Fund, Inc		1,882
	144		Nomura Real Estate Residential Fund, Inc		751
	34,769		Northern Property Real Estate Investment Trust		873
	1,028,499		NorthStar Realty Finance Corp		18,174
	18,200		NorthWest Healthcare Properties Real Estate Investment Trust		158
	678,585		Norwegian Property ASA		1,015
	123,300		NTT Urban Development Corp		1,296
	81,214		Oberoi Realty Ltd		286
	789,717	e	Omega Healthcare Investors, Inc		27,000
	49,572		One Liberty Properties, Inc		1,003
	28,000		Open House Co Ltd		522
	1,200,000	*	Orbit Corp Ltd		278
	3,977	*	Orix JREIT, Inc		4,999
	761,000	e	OUE Hospitality Trust		543
	38,635	e	Owens Realty Mortgage, Inc		551
	786,074	*	Palm Hills Developments SAE		474
	25		Paramount Corp BHD		0	^
	719,000		Parkway Life Real Estate Investment Trust		1,302
	267,103		Parkway Properties, Inc		5,016
	2,207,753		Parque Arauco S.A.		4,217
	33,451	*	Patrizia Immobilien AG.		448
	412,100		Pavilion Real Estate Investment Trust		183
	232,259		Pebblebrook Hotel Trust		8,673
	257,154		Pennsylvania REIT		5,128
	266,417		Pennymac Mortgage Investment Trust		5,709
	550,000	e	Perennial China Retail Trust		222
	891,183		Phoenix Mills Ltd		4,888
	145,171		Physicians Realty Trust		1,992
	228,915	e	Piedmont Office Realty Trust, Inc		4,038
	79,374		Plum Creek Timber Co, Inc		3,096
	10,000		Polski Holding Nieruchomosci S.A.		74
	2,786,117	e	Poly Hong Kong Investment Ltd		1,070
	8,341,160		Polytec Asset Holdings Ltd		1,171
	339,412		Post Properties, Inc		17,425
	257,985		Potlatch Corp		10,374
	2,048,000	e	Powerlong Real Estate Holdings Ltd		264
	1,080	*	Premier Investment Co		4,827
	148,679		Prestige Estates Projects Ltd		527
	1,291,900		Preuksa Real Estate PCL (Foreign)		1,362
	104,760		Primary Health Properties plc		564
	153,665	*	Prime Office AG.		588
	1,256,826		Prince Housing & Development Corp		499
	1,485,668		Prologis, Inc		56,010
	1,083,000		Prosperity REIT		336
	112,220		PS Business Parks, Inc		8,544
	108,067		PSP Swiss Property AG.		9,060
	7,587,400		PT Agung Podomoro Land Tbk		213
	13,493,300		PT Alam Sutera Realty Tbk		503
	4,627,500		PT Bekasi Fajar Industrial Estate Tbk		222
	7,004,527		PT Bumi Serpong Damai		887
	27,486,800		PT Ciputra Development Tbk		2,289
	16,297,500		PT Ciputra Property Tbk		976
	3,747,500		PT Ciputra Surya Tbk		648

132

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	7,080,000		PT Intiland Development Tbk	$	337
	103,258,087		PT Kawasan Industri Jababeka Tbk		2,083
	472,800	*	PT Lippo Cikarang Tbk		307
	47,233,897		PT Lippo Karawaci Tbk		3,645
	9,155,900		PT Modernland Realty Tbk		398
	2,502,400	*	PT Nirvana Development Tbk		46
	31,166,100		PT Pakuwon Jati Tbk		1,034
	24,409,000	*	PT Sentul City Tbk		201
	14,526,500		PT Summarecon Agung Tbk		1,452
	616,480		Public Storage, Inc		102,237
	3,046,170		Puravankara Projects Ltd		5,035
	73,300		Pure Industrial Real Estate Trust		290
	35,634	e	QTS Realty Trust, Inc		1,081
	21,665,432		Quality House PCL		2,810
	621,176	*	Quintain Estates & Development plc		898
	2,106,470		Radium Life Tech Co Ltd		1,228
	296,929	e	RAIT Investment Trust		2,206
	1,007,580		RAK Properties PJSC		274
	267,555		Ramco-Gershenson Properties		4,348
	170,792		Rayonier, Inc		5,318
	13,200	*	Raysum Co Ltd		121
	39,341	e	Re/Max Holdings, Inc		1,170
	79,621	*,e	Realia Business S.A.		117
	2,601,109	*	Realogy Holdings Corp		96,761
	74,183	e	Realty Income Corp		3,026
	519,267		Rebosis Property Fund Ltd		529
	196,000	e	Redco Properties Group Ltd		84
	2,037,369		Redefine International plc		1,701
	6,769,841		Redefine Properties Ltd		5,828
	301,541	e	Redwood Trust, Inc		5,000
	26,271,000		Regal Real Estate Investment Trust		6,908
	619,281		Regency Centers Corp		33,336
	22,600		Relo Holdings, Inc		1,559
	13,479,500	*,e	Renhe Commercial Holdings Co Ltd		573
	492,028		Resilient Property Income Fund Ltd		3,181
	471,350	e	Resource Capital Corp		2,295
	350,303		Retail Opportunities Investment Corp		5,149
	1,061,232		Retail Properties of America, Inc		15,526
	143,801	e	Rexford Industrial Realty, Inc		1,990
	398,777		RioCan Real Estate Investment Trust		9,140
	566,245		RLJ Lodging Trust		16,121
	458,000		Road King Infrastructure		410
	2,625,700		Robinsons Land Corp		1,423
	133,663	e	Rouse Properties, Inc		2,161
	702,488		Ruentex Development Co Ltd		1,134
	145,198	e	Ryman Hospitality Properties		6,868
	3,405,100		S.A. Corporate Real Estate Fund		1,334
	567,224	e	Sabana Shari’ah Compliant Industrial REIT		449
	146,430		Sabra Healthcare REIT, Inc		3,561
	440,991		Safestore Holdings plc		1,530
	120,000		Saizen REIT		84
	13,518,732		Sansiri PCL		931
	38,000		Sao Carlos Empreendimentos e Participacoes S.A.		557
	51,197		Saul Centers, Inc		2,393
	287,083		Savills plc		2,846
	1,699,200		SC Asset Corp PCL		204
	17,749,885	*	Scentre Group		51,070

133

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	774,173		Segro plc	$	4,544
	149,767		Select Income REIT		3,602
	32,583	e	Selvaag Bolig ASA		106
	75,313		Senior Housing Properties Trust		1,576
	1,100,570		Shaftesbury plc		12,129
	339,040		Shanghai Jinqiao Export Processing Zone Development Co Ltd		375
	72,000		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		118
	19,995,430		Shanghai Real Estate Ltd		577
	1,002,000	e	Shell Electric MFG		568
	3,015,668		Shenzhen Investment Ltd		846
	1,783,825	e	Shimao Property Holdings Ltd		3,603
	474,830	*	Shining Building Business Co Ltd		309
	327,400		Shoei Co Ltd		3,468
	1,919,670		Shopping Centres Australasia Property Group		2,822
	8,803,667	e	Shui On Land Ltd		1,973
	150	*	SIA Reit, Inc		595
	139,326		Silver Bay Realty Trust Corp		2,258
	1,496,766		Simon Property Group, Inc		246,098
	992,600	*	SingHaiyi Group Ltd		117
	2,350,637		Sino Land Co		3,623
	2,132,000	*	Sinolink Worldwide Holdings Ltd		173
	11,879,533		Sino-Ocean Land Holdings Ltd		6,247
	234,998		Sinpas Gayrimenkul Yatirim Ortakligi AS		87
	711,509		Sinyi Realty Co		899
	54,179	*	Six of October Development & Investment		137
	661,071		SL Green Realty Corp		66,980
	13,032,916		SM Prime Holdings		5,076
	595,645		Sobha Developers Ltd		3,891
	1,049		Societe de la Tour Eiffel		62
	6,314,350	e	Soho China Ltd		4,567
	1,602,000		Soilbuild Business Space REIT		999
	72,800		Sonae Sierra Brasil S.A.		545
	94,000		Soundwill Holdings Ltd		150
	141,519		Sovran Self Storage, Inc		10,523
	107,114		Sparkassen Immobilien AG.		833
	1,621,037		Spirit Realty Capital, Inc		17,783
	420,946		Sponda Oyj		1,898
	346,000		Spring Real Estate Investment Trust		165
	335,385		ST Modwen Properties plc		1,995
	190,203	*,e	St. Joe Co		3,791
	188,746	e	STAG Industrial, Inc		3,909
	1,062,909		Starwood Property Trust, Inc		23,341
	146,763	e	Starwood Waypoint Residential Trust		3,817
	2,941,599		Stockland Trust Group		10,163
	1,884,435	*	Strategic Hotels & Resorts, Inc		21,954
	16,540		Sumitomo Real Estate Sales Co Ltd		381
	467,321		Sumitomo Realty & Development Co Ltd		16,649
	309,839		Summit Hotel Properties, Inc		3,340
	181,678		Sun Communities, Inc		9,175
	18,500	e	Sun Frontier Fudousan Co Ltd		212
	4,622,780		Sun Hung Kai Properties Ltd		65,593
	6,728,000		Sunac China Holdings Ltd		5,094
	1,016,000		Sunlight Real Estate Investment Trust		410
	1,074,928		Sunstone Hotel Investors, Inc		14,855
	2,457,298		Suntec Real Estate Investment Trust		3,388
	1,828,634		Sunteck Realty Ltd		9,032
	1,536,658		Sunway BHD		1,611

134

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,672,900		Sunway Real Estate Investment	$	1,247
	2,676,400		Supalai PCL		2,142
	663,693		Swire Pacific Ltd (Class A)		8,543
	1,017,301		Swire Properties Ltd		3,170
	53,254		Swiss Prime Site AG.		3,951
	1,256,600		TA Global BHD		148
	270,045	e	TAG Tegernsee Immobilien und Beteiligungs AG.		3,053
	552,668		Taiwan Land Development Corp		196
	520,100	e	Takara Leben Co Ltd		1,936
	1,210,882		Talaat Moustafa Group		1,939
	651,172		Tanger Factory Outlet Centers, Inc		21,306
	39,118		Taubman Centers, Inc		2,856
	95,172		Technopolis plc		482
	48,430	*	Tejon Ranch Co		1,358
	127,355		Terreno Realty Corp		2,398
	404,000	e	TF Administradora Industrial S de RL de C.V.		885
	1,437,080		Ticon Industrial Connection PCL (Foreign)		805
	120,000		Times Property Holdings Ltd		47
	52,800		TOC Co Ltd		341
	1,161,079		Tokyo Tatemono Co Ltd		9,408
	95,929		Tokyu Fudosan Holdings Corp		659
	1,981	*	Tokyu REIT, Inc		2,613
	280	*	Top REIT Inc		1,226
	509,409		Torunlar Gayrimenkul Yatirim Ortakligi AS		688
	1,639,100	e	Tosei Corp		10,430
	68,872	e	Trade Street Residential, Inc		492
	1,059,400		Tropicana Corp BHD		410
	714,108		Tuan Sing Holdings Ltd		252
	1,133,621		Two Harbors Investment Corp		10,962
	174,614		UDR, Inc		4,758
	1,354,160		UEM Land Holdings BHD		750
	80,808	e	UMH Properties, Inc		768
	171,062		Unibail-Rodamco		43,990
	329,273		Unite Group plc		2,259
	6,224,430	*	Unitech Corporate Parks plc		5,222
	47,602,889	*	Unitech Ltd		14,458
	86,814		United Development Co PSC		691
	528,323		United Overseas Land Ltd		2,735
	3,189		United Urban Investment Corp		4,895
	989,000		Univentures PCL		340
	51,621		Universal Health Realty Income Trust		2,152
	983,048		UOA Development BHD		632
	97,557		Urstadt Biddle Properties, Inc (Class A)		1,980
	115,071		Vakif Gayrimenkul Yatirim Ortakligi AS		143
	18,900		Vastned Retail NV		865
	804,126		Ventas, Inc		49,816
	8,568,500		Vista Land & Lifescapes, Inc		1,178
	977,125		Vornado Realty Trust		97,673
	869,105		Vukile Property Fund Ltd		1,280
	191,268		Wallenstam Byggnads AB (B Shares)		2,892
	100,000	*	Wanda Commercial Properties Group Co Ltd		21
	26,581		Warehouses De Pauw SCA		1,918
	660,540		Washington Prime Group, Inc		11,546
	246,918	e	Washington REIT		6,267
	128,090		Weingarten Realty Investors		4,035
	22,698		Wereldhave NV		1,869

135

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	149,594	e	Western Asset Mortgage Capital Corp	$	2,211
	4,605,312		Westfield Corp		30,008
	335,701		Weyerhaeuser Co		10,695
	370,597		WHA Corp PCL		449
	5,631,676		Wharf Holdings Ltd		40,000
	1,928,064		Wheelock & Co Ltd		9,197
	610,097		Wheelock Properties S Ltd		861
	80,773	e	Whitestone REIT		1,126
	152,569		Wihlborgs Fastigheter AB		2,617
	428,832		Wing Tai Holdings Ltd		593
	150,166		Workspace Group plc		1,540
	60,296	e	WP Carey, Inc		3,845
	4,566,000		Wuzhou International Holdings Ltd		1,133
	5,630,000	e	Yanlord Land Group Ltd		4,737
	1,197,000	*,e	Ying Li International Real Estate Ltd		257
	11,753		YNH Property BHD		7
	3,152,120	e	Yuzhou Properties Co		674
	672,000		Zall Development Group Ltd		236
	3,858,800		Zhong An Real Estate Ltd		497
	394		Zug Estates Holding AG		484
			TOTAL REAL ESTATE		4,276,378
RETAILING - 3.6%
	93,127	*	1-800-FLOWERS.COM, Inc (Class A)		670
	90,369		Aaron’s, Inc		2,198
	205,991		ABC-Mart, Inc		10,521
	848,572	e	Abercrombie & Fitch Co (Class A)		30,837
	385,454		Advance Auto Parts, Inc		50,225
	291,947	*,e	Aeropostale, Inc		961
	15,600		Alpen Co Ltd		240
	1,141,427	*	Amazon.com, Inc		368,042
	867,674	e	American Eagle Outfitters, Inc		12,599
	27,842	*	America’s Car-Mart, Inc		1,102
	379,837	*	Ann Taylor Stores Corp		15,623
	867,210	*	AO World plc		2,643
	40,800		AOKI Holdings, Inc		470
	50,341		Aoyama Trading Co Ltd		1,173
	41,100		Arc Land Sakamoto Co Ltd		963
	13,800		Asahi Co Ltd		155
	110,939	*	Asbury Automotive Group, Inc		7,147
	125,820	*	Ascena Retail Group, Inc		1,673
	19,100	e	ASKUL Corp		401
	90,562	*,e	ASOS plc		3,303
	70,874	*,e	Audiovox Corp (Class A)		659
	309,000		Aurora Corp		519
	270,788	e	Autobacs Seven Co Ltd		4,205
	30,800		AutoCanada, Inc		1,497
	225,034		Automotive Holdings Group		742
	45,003	*	Autonation, Inc		2,264
	136,150	*	AutoZone, Inc		69,390
	1,683,520	*	B&M European Value Retail S.A.		7,505
	144,646	*	B2W Companhia Global Do Varejo		1,938
	529,336	*	Barnes & Noble, Inc		10,449
	2,771,051		Beauty Community PCL (ADR)		2,560
	126,194		Bebe Stores, Inc		293

136

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	804,105	*,e	Bed Bath & Beyond, Inc	$	52,934
	5,775,200		Belle International Holdings Ltd		6,494
	115,900		Belluna Co Ltd		509
	202,600		Berjaya Auto BHD		212
	4,461,725		Best Buy Co, Inc		149,869
	227,000	e	BIC CAMERA, Inc		2,140
	70,726		Big 5 Sporting Goods Corp		663
	313,913		Big Lots, Inc		13,514
	59,948		Bilia AB (A Shares)		1,606
	83,659	*	Blue Nile, Inc		2,388
	1,339,800	e	Bonjour Holdings Ltd		184
	52,435	e	Bon-Ton Stores, Inc		438
	1,287,000	*,e,m	Boshiwa International Holding		2
	42,674	*	Boyner Buyuk Magazacilik		86
	90,411	e	Breville Group Ltd		554
	182,874		Brown Shoe Co, Inc		4,961
	83,848	e	Buckle, Inc		3,806
	40,975	*	Build-A-Bear Workshop, Inc		536
	108,584	*	Burlington Stores, Inc		4,328
	589,030		Byggmax Group AB		3,837
	89,407	*,e	Cabela’s, Inc		5,266
	70,766		Canadian Tire Corp Ltd		7,251
	180,500		Canon Marketing Japan, Inc		3,477
	690,203	*,e	Carmax, Inc		32,060
	271,995	e	Cash Converters International Ltd		257
	22,690		Cashbuild Ltd		284
	98,380		Cato Corp (Class A)		3,390
	71,776	*,e	CDON Group AB		218
	598,000		Century Ginwa Retail Holdings Ltd		125
	155,477		Chico’s FAS, Inc		2,296
	360,946	e	Children’s Place Retail Stores, Inc		17,203
	849,000		China Harmony Auto Holding Ltd		515
	2,918,000	e	China Merchants Land Ltd		383
	589,500		China Yongda Automobiles Services Holdings Ltd		515
	5,766,500	e	China ZhengTong Auto Services Holdings Ltd		3,366
	22,100		Chiyoda Co Ltd		447
	22,600		Chori Co Ltd		295
	464,000		Chow Sang Sang Holding		1,105
	168,437	*	Christopher & Banks Corp		1,666
	196,600		Cia Hering		1,992
	57,764	*	Citi Trends, Inc		1,277
	4,212		CJ O Shopping Co Ltd		1,284
	99,556	e	Clas Ohlson AB (B Shares)		1,687
	81,420	*,e	Conn’s, Inc		2,465
	51,431	*,e	Container Store Group, Inc		1,120
	100,104		Core-Mark Holding Co, Inc		5,310
	36,428	*,e	Coupons.com, Inc		436
	192,021		CST Brands, Inc		6,903
	163,893	*	Ctrip.com International Ltd (ADR)		9,303
	1,256,300	e	Dah Chong Hong Holdings Ltd		727
	210,800	*,e	Daiei, Inc		241
	295,700		DCM Japan Holdings Co Ltd		2,027
	3,358,055		Debenhams plc		3,166
	60,735		Delek Automotive Systems Ltd		659
	5,125	e	Delticom AG.		112
	48,260		Destination Maternity Corp		745

137

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	129,210	*	Destination XL Group, Inc	$	610
	549,966	e	Dick Smith Holdings Ltd		1,056
	96,468		Dick’s Sporting Goods, Inc		4,233
	800,803		Dickson Concepts International Ltd		434
	26,091		Dieteren S.A.		1,013
	194,525	e	Dillard’s, Inc (Class A)		21,199
	62,640		Dogus Otomotiv Servis ve Ticaret AS		243
	493,587	*	Dollar General Corp		30,163
	633,015	*	Dollar Tree, Inc		35,493
	103,239		Dollarama, Inc		8,757
	64,510		Don Quijote Co Ltd		3,702
	21,600		Doshisha Co Ltd		370
	686,102		DSW, Inc (Class A)		20,659
	30,400	*	Dufry Group		4,623
	192,115		Dunelm Group plc		2,569
	181,538	*,e	E-Commerce China Dangdang, Inc (ADR)		2,215
	393,983	e	EDION Corp		2,490
	202,876		El Puerto de Liverpool SAB de C.V.		2,342
	237,000		E-LIFE MALL Corp		488
	4,030,000	e	Emperor Watch & Jewellery Ltd		184
	274,114		Empresas Hites S.A.		126
	2,600,000	*	Empresas La Polar S.A.		178
	2,976,500		Esprit Holdings Ltd		3,848
	976,078		Expedia, Inc		85,524
	381,517	*	Express Parent LLC		5,955
	110,936	e	Family Dollar Stores, Inc		8,569
	890,582		Far Eastern Department Stores Co Ltd		858
	58,189		Fast Retailing Co Ltd		19,499
	267,638		Finish Line, Inc (Class A)		6,699
	161,409	*,e	Five Below, Inc		6,393
	36,180	*	Folli Follie S.A.		1,346
	745,059		Foot Locker, Inc		41,463
	223,570	e	Foschini Ltd		2,319
	129,125	*	Francesca’s Holdings Corp		1,799
	136,019		Fred’s, Inc (Class A)		1,904
	69,625	*	FTD Cos, Inc		2,375
	17,000		Fuji Co Ltd		337
	52,839	*,e	Gaiam, Inc (Class A)		388
	1,296,190	e	GameStop Corp (Class A)		53,403
	358,713		Gap, Inc		14,955
	87,037	*	Genesco, Inc		6,506
	275,299		Genuine Parts Co		24,146
	47,400		Geo Corp		408
	1,136,000	e	Giordano International Ltd		616
	107,593		GNC Holdings, Inc		4,168
	9,516,800	e	Golden Eagle Retail Group Ltd		11,067
	464,000		Goldlion Holdings Ltd		194
	20,697,961	e	GOME Electrical Appliances Holdings Ltd		3,350
	87,378		Group 1 Automotive, Inc		6,353
	10,709	*	Groupe Fnac		398
	2,983,312	*,e	Groupon, Inc		19,929
	221,500	*,e	Grupo Famsa SAB de C.V.		219
	3,121		GS Home Shopping, Inc		752
	4,097,000	*,e	GSH Corp Ltd		250
	225,908		Guess?, Inc		4,963
	58,400		Gulliver International Co Ltd		497

138

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	862		GwangjuShinsegae Co Ltd	$	258
	210,631		Halfords Group plc		1,613
	166,100	e	Hankyu Department Stores, Inc		2,781
	967,367	e	Harvey Norman Holdings Ltd		3,071
	74,730		Haverty Furniture Cos, Inc		1,628
	12,858,966	e	Hengdeli Holdings Ltd		2,053
	1,345,230		Hennes & Mauritz AB (B Shares)		55,625
	39,529	*,e	HHgregg, Inc		249
	78,670	*,e	Hibbett Sports, Inc		3,354
	28,800		Hikari Tsushin, Inc		2,047
	7,866,073		Home Depot, Inc		721,633
	3,345,391		Home Product Center PCL (Foreign)		1,073
	1,389,564		Home Retail Group		3,742
	293,779	*	HomeAway, Inc		10,429
	14,610	e	Honeys Co Ltd		154
	286,196		Hotai Motor Co Ltd		3,894
	125,138		HSN, Inc		7,680
	54,200	e	Hudson’s Bay Co		861
	16,998		Hyundai Department Store Co Ltd		2,582
	45,914		Hyundai H&S Co Ltd		904
	6,241		Hyundai Home Shopping Network Corp		936
	17,200		Ikyu		236
	271,081		Imperial Holdings Ltd		4,172
	1,653,065		Inchcape plc		17,190
	895,164	*	Inditex S.A.		24,710
	36,793		Interpark Corp		419
	9,683	*	Interpark INT Corp		216
	77,727,456	*	Intime Retail Group Co Ltd		66,169
	64,471		Isetan Mitsukoshi Holdings Ltd		839
	1,496,000		IT Ltd		502
	39,100		Izumi Co Ltd		1,330
	1,039,500	*	J Front Retailing Co Ltd		13,599
	167,409	e	Jardine Cycle & Carriage Ltd		5,626
	104,164	e	JB Hi-Fi Ltd		1,404
	3,274,660	*,e	JC Penney Co, Inc		32,878
	1,175,674	*,e	JD.com, Inc (ADR)		30,356
	11,600	e	Jin Co Ltd		313
	69,549		John Menzies plc		642
	33,000		Joshin Denki Co Ltd		295
	207,568	*	JUMBO S.A.		2,625
	50,569	*	KappAhl Holding AB		265
	199,190		Kathmandu Holdings Ltd		491
	61,987	e	Keiyo Co Ltd		281
	2,726,214		Kingfisher plc		14,258
	68,386	*	Kirkland’s, Inc		1,102
	622,564		Kohl’s Corp		37,995
	26,700	e	Kohnan Shoji Co Ltd		297
	25,800		Kolao Holdings		410
	32,700		Komeri Co Ltd		743
	210,863	e	K’s Holdings Corp		6,283
	313,967		L Brands, Inc		21,030
	59,256	*,e	Lands’ End, Inc		2,437
	285,347	e	Lewis Group Ltd		1,429
	4,451,119	e	Li & Fung Ltd		5,056
	1,734,858	*	Liberty Interactive Corp		49,478
	419,194	*	Liberty TripAdvisor Holdings, Inc		14,211

139

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	386,469	*	Liberty Ventures	$	14,670
	62,356	*	Lifestyle Properties Development Ltd		11
	69,075		Lithia Motors, Inc (Class A)		5,228
	383,122	*	LKQ Corp		10,187
	130,337		Lojas Americanas S.A.		612
	525,755		Lojas Americanas S.A.(Preference)		2,983
	143,750		Lojas Renner S.A.		4,174
	752,546		Lookers plc		1,635
	15,896		Lotte Shopping Co Ltd		4,757
	2,537,867		Lowe’s Companies, Inc		134,304
	1,165,000		Luk Fook Holdings International Ltd		3,389
	95,571	*,e	Lumber Liquidators, Inc		5,484
	2,946,923		Macy’s, Inc		171,452
	450,400		Magazine Luiza S.A.		1,395
	3,428,000	e	Maoye International Holdings Ltd		570
	92,470	*	MarineMax, Inc		1,558
	66,500		Marisa Lojas S.A.		423
	1,393,715		Marks & Spencer Group plc		9,113
	545,574		Marui Co Ltd		4,493
	97,956	e	Matas A.S.		2,249
	30,800	e	Matsuya Co Ltd		383
	44,443	*,e	Mattress Firm Holding Corp		2,669
	412,300		MBM Resources BHD		358
	58,216	e	Mekonomen AB		1,259
	156,192		Men’s Wearhouse, Inc		7,375
	720,465		Mercuries & Associates Ltd		444
	1,873,035		MFI Furniture plc		10,269
	10,701	*	Michaels Cos, Inc		187
	20,616		Mobilezone Holding AG.		223
	96,399	e	Monro Muffler, Inc		4,678
	72,638	*,e	Mothercare plc		315
	393,938		Mr Price Group Ltd		7,398
	348,146	*	Murphy USA, Inc		18,473
	601,472	e	Myer Holdings Ltd		1,030
	154,767		N Brown Group plc		956
	443,000		National Petroleum Co Ltd		495
	293,103	*	NetFlix, Inc		132,242
	1,200,330		New Carphone Warehouse plc		7,117
	820,000	e	New World Department Store China Ltd		285
	150,801	*	New York & Co, Inc		457
	513,244		Next plc		54,935
	47,000	e	Nishimatsuya Chain Co Ltd		367
	46,300		Nitori Co Ltd		2,869
	209,860		Nordstrom, Inc		14,348
	142,318		Nutri/System, Inc		2,187
	3,841,994	*,e	Ocado Ltd		16,418
	1,936,914	*	Office Depot, Inc		9,956
	110,000		OfficeMate PCL		174
	442,865	*	Orbitz Worldwide, Inc		3,485
	558,367	*	O’Reilly Automotive, Inc		83,956
	848,000	e	OSIM International Ltd		1,748
	61,877	*,e	Outerwall, Inc		3,471
	94,564	*,e	Overstock.com, Inc		1,594
	1,191,285		Pacific Brands Ltd		505
	136,196	*,e	Pacific Sunwear Of California, Inc		245
	1,371,200		Padini Holdings BHD		803
	10,000		Pal Co Ltd		272

140

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	35,100		Paltac Corp	$	430
	150,000		Pantaloon Retail India Ltd		283
	19,400	*	Parco Co Ltd		157
	24,000		Paris Miki, Inc		107
	501,455		Parkson Holdings BHD		441
	1,415,000	e	Parkson Retail Group Ltd		409
	206,628		Penske Auto Group, Inc		8,387
	200,592	*	PEP Boys - Manny Moe & Jack		1,787
	62,273	e	PetMed Express, Inc		847
	434,283		Petsmart, Inc		30,439
	451,611		Pier 1 Imports, Inc		5,370
	16,110	e	Point, Inc		314
	5,723,500	*	Pou Sheng International Holdings Ltd		487
	154,294	*	Poundland Group plc		790
	60,317		Poya Co Ltd		377
	15,803		PPR		3,186
	85,028		Premier Investments Ltd		764
	208,991	*	Priceline.com, Inc		242,133
	8,322,300		PT ACE Hardware Indonesia Tbk		604
	5,297,686		PT Matahari Department Store Tbk		7,057
	1,111,300		PT Matahari Putra Prima Tbk		287
	806,300		PT Mitra Adiperkasa Tbk		364
	2,608,000	*	PT Mitra Pinasthika Mustika Tbk		220
	22,205,400		PT Multipolar Corp Tbk		1,892
	6,001,300		PT Ramayana Lestari Sentosa Tbk		455
	5,767,900		PT Tiphone Mobile Indonesia Tbk		449
	819,893		Rakuten, Inc		9,438
	109,537		Reitmans Canada Ltd		646
	27,680	e	Reject Shop Ltd		217
	190,937		Rent-A-Center, Inc		5,795
	290,082	*,e	Restoration Hardware Holdings, Inc		23,076
	99,843	*,e	RetailMeNot, Inc		1,613
	1,710,109		Ripley Corp S.A.		920
	165,022		RONA, Inc		2,010
	423,807		Ross Stores, Inc		32,031
	30,400		Ryohin Keikaku Co Ltd		3,624
	962,000	e	SA SA International Holdings Ltd		659
	1,182,108		SACI Falabella		8,920
	316,259	*	Sally Beauty Holdings, Inc		8,656
	69,649	e	Sanrio Co Ltd		2,019
	52,400		Sears Canada, Inc		522
	28,828	*,e	Sears Holdings Corp		727
	48,511	*,e	Sears Hometown and Outlet Stores, Inc		752
	164,370	*	Select Comfort Corp		3,439
	309,000		Senao International Co Ltd		610
	68,200	e	Senshukai Co Ltd		547
	11,443	*	Seobu Truck Terminal Co Ltd		261
	41,800		Seria Co Ltd		1,594
	51,000		Shimachu Co Ltd		1,178
	5,103		Shimamura Co Ltd		469
	13,744		Shinsegae Co Ltd		2,854
	2,779		Shinsegae International Co Ltd		358
	55,986		Shoe Carnival, Inc		997
	19,615		Shopper’s Stop Ltd		175
	137,713	*	Shutterfly, Inc		6,712
	1,363,550		Siam Global House PCL		589
	1,537,000		Sichuan Xinhua Winshare Chainstore Co Ltd		1,356

141

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	147,227		Signet Jewelers Ltd	$	16,771
	10,000		Signet Jewelers Ltd (London)		1,143
	144,217		Sonic Automotive, Inc (Class A)		3,535
	2,232,000	*	Sparkle Roll Group Ltd		103
	451,941	*,e	Sports Direct International plc		4,516
	30,869	*,e	Sportsman’s Warehouse Holdings, Inc		208
	7,298,000		Springland International Holdings Ltd		2,762
	120,892		Stage Stores, Inc		2,068
	1,604,385		Staples, Inc		19,413
	64,300		Start Today Co Ltd		1,397
	103,114		Stein Mart, Inc		1,191
	327,000		Stelux Holdings International		84
	27,988	e	Stockmann Oyj Abp (B Share)		305
	19,903,302	*	Summit Ascent Holdings Ltd		8,320
	136,723	e	Super Cheap Auto Group Ltd		994
	419,903	*	Super Group Ltd		1,151
	706,260	*	SuperGroup plc		12,958
	41,213		Systemax, Inc		514
	204,819		Takashimaya Co Ltd		1,713
	39,829		Takkt AG.		679
	1,042,348		Target Corp		65,334
	26,600		Telepark Corp		255
	7,817,865		Test-Rite International Co		5,058
	338,621		Thorn Group Ltd		726
	248,356		Tiffany & Co		23,919
	82,055	*,e	Tile Shop Holdings, Inc		759
	35,849	*	Tilly’s, Inc		270
	1,354,517		TJX Companies, Inc		80,147
	13,350		Tokyo Derica Co Ltd		206
	41,978	*,e	Tom Tailor Holding AG.		734
	204,888		Tractor Supply Co		12,603
	393,731		Trade Me Ltd		1,075
	9,451		Trent Ltd		211
	618,272	*	TripAdvisor, Inc		56,522
	392,483	e	Truworths International Ltd		2,361
	261,000		Tsann Kuen Enterprise Co Ltd		310
	173,303		Tsutsumi Jewelry Co Ltd		4,218
	137,526	*,e	Tuesday Morning Corp		2,669
	1,195,134	*	Ulta Salon Cosmetics & Fragrance, Inc		141,229
	20,599		United Arrows Ltd		762
	417,684	*	Urban Outfitters, Inc		15,329
	34,590		USS Co Ltd		529
	7,511	e	Valora Holding AG.		1,558
	191,119	*	Valuevision International, Inc (Class A)		980
	122,120	*	Via Varejo S.A.		1,218
	107,676	*	Vitamin Shoppe, Inc		4,780
	74,800		VT Holdings Co Ltd		268
	120,520	e	Warehouse Group Ltd		288
	62,564	*	West Marine, Inc		563
	119,050	*	WEX, Inc		13,134
	294,580		WH Smith plc		5,153
	411,654		Williams-Sonoma, Inc		27,404
	7,134		Winmark Corp		524
	1,829,126	e	Woolworths Holdings Ltd		11,315
	126,346	*	World Duty Free S.p.A		1,440
	122,200	e	Wotif.com Holdings Ltd		332
	95,500		Xebio Co Ltd		1,449

142

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	140,070	e	Yamada Denki Co Ltd	$	409
	38,100		Yellow Hat Ltd		838
	118,486	*,e	Yoox S.p.A		2,712
	788,723	e	Zhongsheng Group Holdings Ltd		845
	2,921	*	zooplus AG.		203
	25,257	*,e	zulily, Inc		957
	65,865	*	Zumiez, Inc		1,851
			TOTAL RETAILING		4,428,757
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	1,760,780		A-DATA Technology Co Ltd		3,668
	123,778	*	Advanced Energy Industries, Inc		2,326
	885,819	*,e	Advanced Micro Devices, Inc		3,021
	20,087,668		Advanced Semiconductor Engineering, Inc		23,463
	174,018	e	Advantest Corp		2,247
	106,223	*	Aixtron AG.		1,609
	318,000		ALI Corp		281
	78,588	*	Alpha & Omega Semiconductor Ltd		739
	518,779		Altera Corp		18,562
	166,819	*,e	Ambarella, Inc		7,285
	287,301	*	Amkor Technology, Inc		2,416
	70,802		ams AG.		2,677
	405,399		Analog Devices, Inc		20,063
	4,785,255		Applied Materials, Inc		103,409
	228,411	*,e	Applied Micro Circuits Corp		1,599
	421,650		Ardentec Corp		365
	2,562,865		ARM Holdings plc		37,339
	17,637	*	Asia Pacific Systems, Inc		117
	52,098		ASM International NV		1,892
	543,423	e	ASM Pacific Technology		5,378
	820,333		ASML Holding NV		81,253
	628,271	*	Atmel Corp		5,076
	56,178	*	Atto Co Ltd		667
	51,975	*,e	Audience, Inc		385
	1,759,035		Avago Technologies Ltd		153,036
	407,959	*	Axcelis Technologies, Inc		812
	98,449		BE Semiconductor Industries NV		1,739
	3,595,454		Broadcom Corp (Class A)		145,328
	249,800		Brooks Automation, Inc		2,625
	89,528	*	Cabot Microelectronics Corp		3,711
	46,319	*	Cascade Microtech, Inc		469
	297,361	*	Cavium Networks, Inc		14,788
	80,076	*,e	Ceva, Inc		1,076
	11,538	*,e,m	China Energy Savings Technology, Inc		0	^
	846,000		Chipbond Technology Corp		1,550
	252,305		ChipMOS TECHNOLOGIES Bermuda Ltd		5,707
	350,015	*,e	Cirrus Logic, Inc		7,298
	95,450		Cohu, Inc		1,143
	866,000	*	Comtec Solar Systems Group Ltd		157
	160,312	*,e	Cree, Inc		6,565
	166,499		CSR plc		2,046
	470,176	e	Cypress Semiconductor Corp		4,643
	22,956	*	D.I Corp		206
	269,616		Dainippon Screen Manufacturing Co Ltd		1,377
	72,558	*	Dialog Semiconductor plc		2,026
	117,970	*	Diodes, Inc		2,822
	37,172	e	Disco Corp		2,528

143

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	28,380	*	Dongbu HiTek Co Ltd	$	147
	83,447	*	DSP Group, Inc		740
	14,318	*	Duksan Hi-Metal Co Ltd		152
	423,000		Elan Microelectronics Corp		720
	57,000		Elite Advanced Laser Corp		193
	252,000		Elite Semiconductor Memory Technology, Inc		410
	71,571		eMemory Technology, Inc		802
	466,585	*	Entegris, Inc		5,366
	325,928	*	Entropic Communications, Inc		867
	8,914		Eo Technics Co Ltd		676
	848,771		Epistar Corp		1,586
	380,167	*	E-Ton Solar Tech Co Ltd		235
	14,820		Eugene Technology Co Ltd		206
	731,000		Everlight Electronics Co Ltd		1,565
	141,920	*	Exar Corp		1,270
	41,599	*	EZchip Semiconductor Ltd		1,003
	560,082	*	Fairchild Semiconductor International, Inc		8,698
	385,101		Faraday Technology Corp		435
	406,462	*	First Solar, Inc		26,749
	367,000		FocalTech Corp Ltd		2,516
	423,000		Forhouse Corp		172
	202,929	*	Formfactor, Inc		1,455
	202,000		Formosa Advanced Technologies Co Ltd		147
	415,000	*	Formosa Epitaxy, Inc		223
	435,330	*,e	Freescale Semiconductor Holdings Ltd		8,502
	11,192,800	*,e	GCL Poly Energy Holdings Ltd		4,103
	25,269	*	GemVax & Kael Co Ltd		496
	293,746	*	Genesis Photonics, Inc		168
	27,686		Giga Solar Materials Corp		548
	421,850	*	Gintech Energy Corp		368
	81,000		Global Mixed Mode Technology, Inc		220
	97,000		Global Unichip Corp		291
	211,100		Globetronics Technology BHD		301
	1,474,000		Greatek Electronics, Inc		1,888
	194,561	*	Green Energy Technology, Inc		160
	766,961	*,e	GT Solar International, Inc		8,306
	719,700		Hana Microelectronics PCL (Foreign)		938
	14,591,078	e	Hanergy Solar Group Ltd		2,687
	9,200		Hanmi Semiconductor Co Ltd		144
	12,651	*	Hansol LCD, Inc		163
	44,036		Hermes Microvision, Inc		1,832
	197,000		Holtek Semiconductor, Inc		347
	1,429,506	*	Hynix Semiconductor, Inc		63,271
	142,955		Iljin Display Co Ltd		1,102
	212,584	*,e	Imagination Technologies Group plc		645
	2,680,850		Infineon Technologies AG.		27,594
	9,263	*	Innox Corp		131
	2,263,644	*	Inotera Memories, Inc		3,349
	92,880	*	Inphi Corp		1,336
	597,069	*	Integrated Device Technology, Inc		9,523
	108,246		Integrated Silicon Solution, Inc		1,487
	17,204,289		Intel Corp		599,053
	257,550	*	International Rectifier Corp		10,106
	467,760		Intersil Corp (Class A)		6,647
	635,648	*	IQE plc		174
	89,402		IXYS Corp		939
	44,303	*	Jusung Engineering Co Ltd		153

144

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,221,000		King Yuan Electronics Co Ltd	$	1,039
	260,350		Kinsus Interconnect Technology Corp		966
	404,440		Kla-Tencor Corp		31,862
	11,915		Koh Young Technology, Inc		320
	45,565		Kontron AG.		285
	250,695	*	Kopin Corp		852
	5,389	*	Kulicke & Soffa Industries, Inc		77
	1,403,372	e	Lam Research Corp		104,832
	6,090,000	*	Landing International Development Ltd		333
	624,073	*	Lattice Semiconductor Corp		4,681
	9,609		LEENO Industrial Inc		370
	330,726		Lextar Electronics Corp		331
	1,010,915		Linear Technology Corp		44,875
	286,000		Lingsen Precision Industries Ltd		149
	314,000		Lite-On Semiconductor Corp		218
	40,832	*	Lumens Co Ltd		275
	36,295	*	MA-COM Technology Solutions		793
	4,113,400	*	Macronix International		921
	147,000		Malaysian Pacific Industries BHD		254
	2,607	*	Manz Automation AG.		240
	793,505		Marvell Technology Group Ltd		10,696
	445,765		Maxim Integrated Products, Inc		13,480
	109,810	*,e	MaxLinear, Inc		756
	4,052,347		MediaTek, Inc		60,014
	19,300	*	Megachips Corp		258
	52,925		Melexis NV		2,413
	139,583		Micrel, Inc		1,679
	842,248	e	Microchip Technology, Inc		39,779
	4,674,501	*	Micron Technology, Inc		160,148
	28,571		Micronas Semiconductor Holdings, Inc		215
	12,900	e	Micronics Japan Co Ltd		725
	368,785	*	Microsemi Corp		9,371
	15,200		Mimasu Semiconductor Industry Co Ltd		136
	66,288		Mitsui High-Tec, Inc		430
	199,461		MKS Instruments, Inc		6,658
	117,899		Monolithic Power Systems, Inc		5,193
	351,000		Motech Industries, Inc		464
	917,000		MPI Corp		3,026
	78,747	*	Nanometrics, Inc		1,189
	691,484		Neo Solar Power Corp		785
	16,406		NEPES Corp		91
	342,802	*,e	Nordic Semiconductor ASA		2,020
	2,496,426		Novatek Microelectronics Corp Ltd		12,320
	2,300		Nuflare Technology, Inc		115
	16,444	*	NVE Corp		1,061
	1,681,406		Nvidia Corp		31,022
	1,283,536	*	NXP Semiconductors NV		87,832
	202,249	*	Omnivision Technologies, Inc		5,352
	2,804,781	*	ON Semiconductor Corp		25,075
	13,000		On-Bright Electronics, Inc		83
	530,000		Opto Technology Corp		249
	175,000		Orise Technology Co Ltd		238
	57,401		Parade Technologies Ltd		636
	125,738	*	PDF Solutions, Inc		1,586
	100,319	*	Peregrine Semiconductor Corp		1,241
	84,254	*	Pericom Semiconductor Corp		821

145

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	692,860		Phison Electronics Corp	$	4,825
	224,349	*	Photronics, Inc		1,806
	132,613		Pixart Imaging, Inc		331
	755,348	*	PMC - Sierra, Inc		5,635
	153,133		Power Integrations, Inc		8,255
	664,857		Powertech Technology, Inc		1,202
	161,210	*,e	QuickLogic Corp		482
	1,018,511		Radiant Opto-Electronics Corp		4,029
	339,694	*	Rambus, Inc		4,239
	2,446,209		Realtek Semiconductor Corp		8,687
	33,756	*	REC Solar ASA		426
	2,163,385	*,e	Renewable Energy Corp AS		867
	1,115,969	*,e	RF Micro Devices, Inc		12,878
	242,200		Richtek Technology Corp		1,231
	165,778		Rohm Co Ltd		10,438
	90,883	*,e	Rubicon Technology, Inc		386
	121,040	*	Rudolph Technologies, Inc		1,095
	190,018		Samsung Electronics Co Ltd		212,822
	22,267		Samsung Electronics Co Ltd (Preference)		18,943
	106,000		Sanken Electric Co Ltd		890
	26,519,000	*,e	Semiconductor Manufacturing International		2,727
	323,067	*	Semtech Corp		8,771
	33,912		Seoul Semiconductor Co Ltd		768
	64,000	e	Shanghai Fudan Microelectronics Group Co Ltd		62
	162,000		Shindengen Electric Manufacturing Co Ltd		1,106
	256,421		Shinko Electric Industries		1,869
	1,044,000	*,e	Shunfeng Photovoltaic International Ltd		941
	317,000		Sigurd Microelectronics Corp		318
	47,934		Silergy Corp		379
	113,607	*	Silex Systems Ltd		68
	376,108	*	Silicon Image, Inc		1,896
	673,000	*	Silicon Integrated Systems Corp		200
	182,403	*	Silicon Laboratories, Inc		7,413
	10,655		Silicon Works Co Ltd		232
	3,214,631		Siliconware Precision Industries Co		4,415
	22,203		Simm Tech Co Ltd		172
	520,000		Sino-American Silicon Products, Inc		776
	922,000		Sitronix Technology Corp		2,188
	809,107		Skyworks Solutions, Inc		46,969
	10,189	e	SMA Solar Technology AG.		268
	230,005	*,e	SOITEC		632
	317,616	*	Solartech Energy Corp		231
	4,223	*	Solarworld AG.		68
	168,000		Sonix Technology Co Ltd		264
	181,637	*	Spansion, Inc		4,140
	5,022,000	*,e	Stats ChipPAC Ltd		2,400
	537,715		STMicroelectronics NV		4,152
	152,200	*,e	Sumco Corp		1,846
	1,122,329	*,e	SunEdison, Inc		21,190
	584,000	*	Sunplus Technology Co Ltd		246
	658,512	*,e	SunPower Corp		22,310
	4,875,700		SVI PCL		759
	205,000		Taiwan Semiconductor Co Ltd		248
	45,183,860		Taiwan Semiconductor Manufacturing Co Ltd		179,883
	950,941		Taiwan Surface Mounting Technology Co Ltd		1,389
	633,858		Teradyne, Inc		12,291

146

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	179,149		Tessera Technologies, Inc	$	4,762
	3,334,111		Texas Instruments, Inc		159,004
	23,712	*	Theragen Etex Co Ltd		130
	204,290		Tokyo Electron Ltd		13,315
	36,900		Tokyo Seimitsu Co Ltd		621
	465,752		Topco Scientific Co Ltd		854
	8,696		Toptec Co Ltd		106
	1	*	Tower Semiconductor Ltd		0	^
	169,608		Transcend Information, Inc		563
	600,533	*	Triquint Semiconductor, Inc		11,452
	1,746,000	*,m	Trony Solar Holdings Co Ltd.		2
	20,566		U-Blox AG.		2,531
	126,700		Ubright Optronics Corp		217
	9,800		UKC Holdings Corp		160
	130,965	*	Ultra Clean Holdings		1,172
	99,625	*	Ultratech, Inc		2,266
	69,900	*	Ulvac, Inc		880
	547,900		Unisem M BHD		272
	17,145,822		United Microelectronics Corp		7,072
	2,758,000	*,e	United Photovoltaics Group Ltd		263
	285,029		Unity Opto Technology Co Ltd		316
	832,756		Vanguard International Semiconductor Corp		1,216
	148,991	*,e	Veeco Instruments, Inc		5,207
	215,500	*	Via Technologies, Inc		151
	238,425		Visual Photonics Epitaxy Co Ltd		244
	141,673	*,e	Vitesse Semiconductor Corp		510
	316,000		Walton Advanced Engineering, Inc		150
	694,737		Win Semiconductors Corp		665
	3,002,000	*	Winbond Electronics Corp		898
	163,713	*	Xcerra Corp		1,603
	1,305,956		Xilinx, Inc		55,307
	4,288,785	e	Xinyi Solar Holdings Ltd		1,405
	93,228		Youngtek Electronics Corp		184
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		3,088,176
SOFTWARE & SERVICES - 8.1%
	38,476	*,e	A10 Networks, Inc		351
	1,846,359	e	Accenture plc		150,146
	335,990	*	ACI Worldwide, Inc		6,303
	3,270,178		Activision Blizzard, Inc		67,987
	5,845	*	Actoz Soft Co Ltd		216
	179,368	*	Actuate Corp		700
	281,269	*	Acxiom Corp		4,655
	12,000		Addcn Technology Co Ltd		127
	1,964,088	*	Adobe Systems, Inc		135,895
	153,120		Advent Software, Inc		4,832
	33,153	*,e	Aerohive Networks, Inc		266
	5,036,000	*,e	AGTech Holdings Ltd		814
	6,489		Ahnlab, Inc		228
	982,868	*	Akamai Technologies, Inc		58,776
	480,771	*	Alibaba Group Holding Ltd (ADR)		42,717
	476,354	*	Alliance Data Systems Corp		118,264
	279,787		Alpha Systems, Inc		4,082
	52,884		Alten		2,267
	145,849		Altran Technologies S.A.		1,505

147

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	596,374		Amadeus IT Holding S.A.	$	22,263
	27,043	*,e	Amber Road, Inc		469
	740,852		Amdocs Ltd		33,990
	67,723	*	American Software, Inc (Class A)		597
	149,485	*,e	Angie’s List, Inc		952
	659,235		Anite plc		924
	164,329	*	Ansys, Inc		12,435
	140,274		AOL, Inc		6,305
	1,100,000	*	ASG Group Ltd		656
	628,929	*	Aspen Technology, Inc		23,723
	82,027		Asseco Poland S.A.		1,152
	4,200	*,e	Ateam, Inc		231
	209,194		Atos Origin S.A.		15,149
	1,385,502	*	Autodesk, Inc		76,341
	1,106,263		Automatic Data Processing, Inc		91,908
	122,255		Aveva Group plc		3,050
	198,987	*	AVG Technologies NV		3,299
	13,538		Axway Software S.A.		331
	62,139	*	Baidu, Inc (ADR)		13,561
	242,097	*	Bankrate, Inc		2,750
	47,374	*,e	Barracuda Networks, Inc		1,215
	172,150	*,e	Bazaarvoice, Inc		1,272
	41,255		Bechtle AG.		3,148
	399,000	*	Beijing Development HK Ltd		159
	15,161	*,e	Benefitfocus, Inc		408
	5,300	*	Bitauto Holdings Ltd (ADR)		413
	141,629		Blackbaud, Inc		5,565
	154,618	*,e	Blackhawk Network Holdings, Inc		5,010
	137	*	Blackhawk Network Holdings, Inc (B Shares)		4
	368,457	*,e	Blinkx plc		210
	157,626	*	Blucora, Inc		2,402
	178,095		Booz Allen Hamilton Holding Co		4,167
	32,856	*,e	Borderfree, Inc		424
	123,330	*	Bottomline Technologies, Inc		3,403
	207,000		Boyaa Interactive International Ltd		204
	92,534	*	Brightcove, Inc		516
	22,700		Broadleaf Co Ltd		365
	406,830		Broadridge Financial Solutions, Inc		16,936
	83,533	*	BroadSoft, Inc		1,758
	21,778		Brogent Technologies, Inc		322
	791,954		CA, Inc		22,127
	87,018	*	CACI International, Inc (Class A)		6,202
	670,411	*	Cadence Design Systems, Inc		11,538
	134,466	*	Callidus Software, Inc		1,616
	61,408	e	Cancom SE		2,366
	449,216		Cap Gemini S.A.		32,215
	47,086		Capcom Co Ltd		739
	53,290	*	Carbonite, Inc		546
	141,707	*	Cardtronics, Inc		4,988
	20,090	*,e	Care.com, Inc		164
	212,498	e	carsales.com.au Ltd		1,832
	33,049		Cass Information Systems, Inc		1,368
	65,856	*	CD Projekt Red S.A.		329
	12,550		Cegid Group		469
	217,337	*	CGI Group, Inc		7,343
	61,189	*,e	ChannelAdvisor Corp		1,004

148

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	111,546	*,e	Check Point Software Technologies	$	7,723
	10,028,000	*,e	China Public Procurement Ltd		374
	1,216,000	*,e	Chinasoft International Ltd		402
	25,000		Chinese Gamer International Corp		41
	284,179	*	Ciber, Inc		975
	1,606,888		Cielo S.A.		26,259
	1,299,504	*	Citrix Systems, Inc		92,707
	1,187,594	*	Cognizant Technology Solutions Corp (Class A)		53,169
	63,300	*,e	COLOPL, Inc		2,085
	7,703	*	Com2uSCorp		1,264
	223,859	*	Commvault Systems, Inc		11,283
	137,074		Computacenter plc		1,400
	906,832		Computer Sciences Corp		55,453
	56,094		Computer Task Group, Inc		623
	577,356		Computershare Ltd		6,139
	804,663		Compuware Corp		8,537
	187,717	*	comScore, Inc		6,835
	68,836	*	Comverse, Inc		1,537
	92,732	*,e	Concur Technologies, Inc		11,760
	142,116	*	Constant Contact, Inc		3,857
	37,333		Constellation Software, Inc		9,383
	364,042	e	Convergys Corp		6,487
	243,581	*	Conversant, Inc		8,343
	180,533	*,e	Cornerstone OnDemand, Inc		6,212
	62,924	*	CoStar Group, Inc		9,787
	2,997,100	*	Country Group Development PCL		176
	27,652	*,e	Covisint Corp		115
	4,900	e	CROOZ, Inc		109
	118,500		CSG Systems International, Inc		3,114
	62,305	*,e	Cvent, Inc		1,581
	74,958	*,e	Cyan, Inc		234
	88,567		Cyberlink Corp		254
	15,785	*	Danal Co Ltd		155
	29,700		Daou Technology, Inc		319
	132,467		Dassault Systemes S.A.		8,510
	74,341	*	Datalink Corp		790
	320,500		Datasonic Group BHD		149
	12,189		Daum Communications		1,824
	167,582	*,e	DealerTrack Holdings, Inc		7,275
	31,572	*,e	Demand Media, Inc		279
	212,792	*,e	Demandware, Inc		10,835
	129,166	e	Dena Co Ltd		1,642
	82,116	e	DH Corp		2,425
	137,733	*	Dice Holdings, Inc		1,154
	30,500		Digital Garage, Inc		466
	121,452	*	Digital River, Inc		1,763
	60,157	*	Diligent Board Member Services		218
	19,768	e	DMRC Corp		409
	140,952		DST Systems, Inc		11,829
	18,200		DTS Corp		381
	18,932		DuzonBIzon Co Ltd		136
	15,700	e,m	Dwango Co Ltd		325
	66,522	*,e	E2open, Inc		619
	500,644		EarthLink Holdings Corp		1,712
	2,883,609	*	eBay, Inc		163,299
	98,751	e	Ebix, Inc		1,400

149

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	24,655		eClerx Services Ltd	$	555
	130,803		Econocom Group		1,181
	1,270,144	*	Electronic Arts, Inc		45,230
	83,421	*,e	Ellie Mae, Inc		2,720
	159,267		Ementor ASA		1,791
	91,378	*,e	Endurance International Group Holdings, Inc		1,487
	143,264	*,e	EnerNOC, Inc		2,430
	9,664		Engineering Ingegneria Informatica S.p.A.		481
	141,480	*	Envestnet, Inc		6,367
	103,028		EOH Holdings Ltd		864
	239,230	*	EPAM Systems, Inc		10,476
	116,010		EPIQ Systems, Inc		2,037
	18,849		ePlus, Inc		1,056
	126,071	*	Equinix, Inc		26,788
	150,871	*	Euronet Worldwide, Inc		7,210
	258,209		EVERTEC, Inc		5,768
	22,805	*,e	Everyday Health, Inc		319
	179,155	*	ExlService Holdings, Inc		4,373
	84,600	e	F@N Communications, Inc		970
	8,943,942	*	Facebook, Inc		706,929
	207,005	e	Factset Research Systems, Inc		25,157
	143,705		Fair Isaac Corp		7,918
	948,398		Fidelity National Information Services, Inc		53,395
	53,792		Fidessa Group plc		1,998
	163,107	*,e	FireEye, Inc		4,985
	152,013	*	First American Corp		4,115
	732,086	*	Fiserv, Inc		47,318
	32,920	*,e	Five9, Inc		215
	667,751	*	FleetCor Technologies, Inc		94,901
	111,571	*,e	FleetMatics Group plc		3,403
	42,500	*	Forgame Holdings Ltd		81
	37,673		Forrester Research, Inc		1,389
	1,476,223	*	Fortinet, Inc		37,297
	217,030	e	F-Secure Oyj		681
	17,900		FUJI SOFT, Inc		437
	4,819,048		Fujitsu Ltd		29,659
	14,000		Future Architect, Inc		82
	13,393	*	GameHi Co Ltd		181
	140,504	*,e	GameLoft		933
	5,314	*	Gamevil, Inc		603
	220,511	*	Gartner, Inc		16,201
	342,325	*,e	Genpact Ltd		5,587
	141,205	*,m	Gerber Scientific, Inc		0	^
	75,443	*,e	Gigamon, Inc		790
	243,569	*	Global Cash Access, Inc		1,644
	119,190	*,e	Global Eagle Entertainment, Inc		1,337
	333,406		Global Payments, Inc		23,298
	5,702	*	Globant S.A.		80
	940,366	*,e	Globo plc		682
	267,734	*,e	Glu Mobile, Inc		1,384
	64,300		GMO internet, Inc		560
	218,800	e	GMO Payment Gateway, Inc		4,944
	165,757	*,e	Gogo, Inc		2,795
	17,670		Golfzon Co Ltd		435
	1,501,480	*	Google, Inc		866,895
	844,783	*	Google, Inc (Class A)		497,079

150

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	55,200	e	Gourmet Navigator, Inc	$	762
	650,000	*	Gravity Co Ltd (ADR)		546
	231,078	e	Gree, Inc		1,576
	25,631	e	Groupe Steria SCA		568
	26,192	*,e	GrubHub, Inc		897
	42,696	*	GTT Communications, Inc		509
	56,660	*,e	Guidance Software, Inc		381
	298,552	*,e	Guidewire Software, Inc		13,238
	439,600	e	GungHo Online Entertainment Inc		2,093
	17,483		Haansoft, Inc		447
	86,928	e	Hackett Group, Inc		518
	326,000	*,e	HC International, Inc		586
	522,084		HCL Technologies Ltd		14,481
	109,632	e	Heartland Payment Systems, Inc		5,232
	281,536		Hexaware Technologies Ltd		914
	1,344,000	*	Hi Sun Technology China Ltd		304
	111,195	*,e	Higher One Holdings, Inc		275
	48,197		HIQ International AB		248
	336,495		IAC/InterActiveCorp		22,175
	197,614	*	iGate Corp		7,256
	3,642,000	e	IGG, Inc		1,623
	87,162	*,e	Imperva, Inc		2,504
	97,772	e	Indra Sistemas S.A.		1,369
	21,308		Industrial & Financial Systems		650
	616,393		Ines Corp		5,210
	322,598	*	Infoblox, Inc		4,758
	503,423		Infomart Corp		8,652
	534,731	*	Informatica Corp		18,309
	143,700		Information Development Co		1,251
	147,209	*	Information Services Group, Inc		559
	10,900		Information Services International-Dentsu Ltd		118
	721,499		Infosys Technologies Ltd		43,849
	5,280		Init Innovation In Traffic Sys		144
	1,570,422		Innovation Group plc		726
	50,574	*,e	Interactive Intelligence, Inc		2,114
	198,279	*	Internap Network Services Corp		1,368
	2,789,688		International Business Machines Corp		529,566
	30,100	e	Internet Initiative Japan, Inc		605
	1,643,310		Intuit, Inc		144,036
	87,258	*	iProperty Group Ltd		211
	133,828		Iress Market Technology Ltd		1,162
	134,360		IT Holdings Corp		2,348
	31,811		Itochu Techno-Science Corp		1,337
	142,239	e	j2 Global, Inc		7,021
	166,591		Jack Henry & Associates, Inc		9,272
	6,678		JCEntertainment Corp		124
	125,302	*,e	Jive Software, Inc		731
	3,139	*	Joymax Co Ltd		99
	544,688		Just Dial Ltd		14,339
	1,243,568	*,e	Just Eat plc		5,947
	31,900	*,e	Justsystems Corp		271
	120,100		Kakaku.com, Inc		1,706
	13,955		Kginicis Co Ltd		205
	7,807		KGMobilians Co Ltd		86
	122,000		King Digital Entertainment plc		1,549
	1,992,000	*,e	Kingdee International Software Group Co Ltd		589

151

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	800,865	e	Kingsoft Corp Ltd	$	1,897
	96,612	*	Knot, Inc		1,083
	306,195	*,e	Kofax Ltd		2,370
	184,517	e	Konami Corp		3,848
	39,483		KPIT Cummins Infosystems Ltd		102
	11,965	*	KT Hitel Co Ltd		92
	109,786		Leidos Holdings, Inc		3,769
	210,516	*	Limelight Networks, Inc		492
	397,256	*	LinkedIn Corp		82,546
	180,200		Linx S.A.		3,769
	195,268	*	Lionbridge Technologies		879
	94,051	*,e	Liquidity Services, Inc		1,293
	242,425	*	Liveperson, Inc		3,052
	9,200	*,e	Livesense, Inc		74
	87,286	*	LogMeIn, Inc		4,021
	22,628	*	Luxoft Holding, Inc		842
	52,078	*,e	magicJack VocalTec Ltd		513
	349,697	*	Manhattan Associates, Inc		11,687
	111,079	e	Mantech International Corp (Class A)		2,994
	100,569		Marchex, Inc (Class B)		417
	77,278	*,e	Marin Software, Inc		665
	76,167	*,e	Marketo, Inc		2,460
	28,400	*,e	Marvelous AQL, Inc		332
	3,945,031		Mastercard, Inc (Class A)		291,617
	72,185		Matrix IT Ltd		391
	29,819	*,e	Mavenir Systems, Inc		375
	298,451		MAXIMUS, Inc		11,977
	348,907		Mentor Graphics Corp		7,151
	23,378	e	Mercadolibre, Inc		2,540
	284,396		Micro Focus International plc		4,887
	35,664,854		Microsoft Corp		1,653,423
	99,501	*	MicroStrategy, Inc (Class A)		13,019
	263,477	*,e	Millennial Media, Inc		490
	82,980		MindTree Ltd		1,583
	5,500		Mitsubishi Research Institute, Inc		137
	100,000	e	Mitsui Knowledge Industry Co Ltd		233
	52,800	*,e	Mixi Inc		2,630
	24,760	*	MobileIron, Inc		276
	58,067	*	Model N, Inc		573
	134,851	*,e	ModusLink Global Solutions, Inc		481
	105,786	*	MoneyGram International, Inc		1,327
	1,059,416		Moneysupermarket.com Group plc		3,354
	7,786,832	*,e	Monitise plc		3,794
	1,987,040		Mono Technology PCL		255
	140,998		Monotype Imaging Holdings, Inc		3,993
	341,494	*	Monster Worldwide, Inc		1,878
	128,400	*	Move, Inc		2,691
	135,249		Mphasis Ltd		940
	294,200		My EG Services BHD		338
	49,568		Naver Corp		37,864
	15,289		NCsoft		1,946
	22,200		NEC Networks & System Integration Corp		502
	14,261		Nemetschek AG.		1,373
	13,271	*	Neowiz Games Corp		275
	33,249	e	Net Entertainment NE AB		885
	505,200	e	NET One Systems Co Ltd		2,918
	199,000	e	NetDragon Websoft, Inc		326

152

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	43,500		Netease.com (ADR)	$	3,726
	177,714	*	Netscout Systems, Inc		8,139
	81,786	*,e	NetSuite, Inc		7,323
	168,832	*,e	NeuStar, Inc (Class A)		4,192
	516,400		Nexon Co Ltd		4,259
	14,445	*	NHN Entertainment Corp		1,129
	335,577		NIC, Inc		5,779
	59,525		Nice Systems Ltd		2,430
	6,800		NIFTY Corp		91
	95,500		Nihon Unisys Ltd		863
	51,359		NIIT Technologies Ltd		333
	104,761		Nintendo Co Ltd		11,411
	31,100		Nippon System Development Co Ltd		490
	157,211		Nomura Research Institute Ltd		5,084
	15,800		NS Solutions Corp		470
	236,300		NTT Data Corp		8,524
	462,287	*	Nuance Communications, Inc		7,126
	9,700		OBIC Business Consultants Ltd		277
	99,500		Obic Co Ltd		3,561
	264,991	e	Open Text Corp		14,658
	120,362		Opera Software ASA		1,685
	23,568	*,e	OPOWER, Inc		445
	171,204	*	Optimal Payments plc		1,423
	13,311,466		Oracle Corp		509,563
	176,060		Oracle Corp Japan		6,872
	133,000		Otsuka Corp		5,296
	949,700	e	Pacific Online		510
	772,064	*	Pandora Media, Inc		18,653
	26,897	*,e	Park City Group, Inc		265
	766,222		Paychex, Inc		33,867
	22,242	*,e	Paycom Software, Inc		368
	73,713		PC Home Online		717
	270,000		PCA Corp		3,486
	239,835		Pegasystems, Inc		4,583
	126,407	*	Perficient, Inc		1,895
	5,000		Persistent Systems Ltd		114
	560,586		Playtech Ltd		6,508
	192,095		Polaris Software Lab Ltd		781
	54,989		POSDATA Co Ltd		369
	113,034	*,e	PRG-Schultz International, Inc		662
	188,633	*	Progress Software Corp		4,510
	113,026	*	Proofpoint, Inc		4,198
	69,443	*	PROS Holdings, Inc		1,750
	9,769		PSI AG. Gesellschaft Fuer Produkte und Systeme der Informationstechnologie		144
	299,831	*	PTC, Inc		11,064
	37,952	*,e	Q2 Holdings, Inc		531
	19,316		QAD, Inc (Class A)		360
	67,011	e	QIWI plc (ADR)		2,117
	623,040	*	QLIK Technologies, Inc		16,847
	124,228	*	Qualys, Inc		3,304
	366,763	e	Quindell plc		864
	125,739	*	QuinStreet, Inc		522
	439,692	*	Rackspace Hosting, Inc		14,312
	69,942	*,e	Rally Software Development Corp		840
	90,471	*	RealNetworks, Inc		629
	157,439	*,e	RealPage, Inc		2,440
	868,240	*	Red Hat, Inc		48,752

153

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	101,000	*,e	Redknee Solutions, Inc	$	340
	28,495		Reis, Inc		672
	12,961		Reply S.p.A.		1,012
	25,369	e	RIB Software AG.		346
	29,798	*,e	Rightside Group Ltd		291
	53,159	*,e	Rocket Fuel, Inc		840
	77,288	*	Rosetta Stone, Inc		622
	596,725	*	Rovi Corp		11,782
	67,365	*,e	Rubicon Project, Inc		790
	165,656	e	Sabre Corp		2,968
	2,029,847		Sage Group plc		11,990
	3,584,842	*	Salesforce.com, Inc		206,236
	4,408,000		Samart Corp PCL		4,208
	996,553		SAP AG.		71,921
	89,177		Sapiens International Corp NV		660
	536,601	*	Sapient Corp		7,512
	7,135		SBSi Co Ltd		106
	173,234		Science Applications International Corp		7,662
	81,856	*	Sciquest, Inc		1,231
	111,988		SDL plc		626
	119,865	*	Seachange International, Inc		834
	367,207	*	ServiceNow, Inc		21,584
	249,395	*,e	ServiceSource International LLC		806
	260,130	m	Shanghai Baosight Software Co Ltd		532
	50,330	*,e	Shutterstock, Inc		3,593
	116,917	*,e	Silver Spring Networks, Inc		1,128
	2,967,000		Silverlake Axis Ltd		3,012
	41,028		SimCorp AS		1,204
	492,000		Sinosoft Technology Group Ltd		166
	23,564		SK C&C Co Ltd		5,411
	14,948	*	SK Communications Co Ltd		102
	11,100	*	SMS Co Ltd		286
	151,346	e	SMS Management & Technology Ltd		496
	60,423	e	Software AG.		1,491
	106,540		Soft-World International Corp		292
	204,151	*	SolarWinds, Inc		8,585
	149,556		Solera Holdings, Inc		8,429
	718,197		Sonda S.A.		1,669
	32,905		Sopra Group S.A.		2,983
	230,166	*	Splunk, Inc		12,742
	48,604	*,e	SPS Commerce, Inc		2,583
	116,527		Square Enix Co Ltd		2,473
	266,076	*	SS&C Technologies Holdings, Inc		11,678
	57,739	*	Stamps.com, Inc		1,834
	92,442		Sumisho Computer Systems Corp		2,486
	5,543		SundayToz Corp		108
	1,475,000		SUNeVision Holdings Ltd		512
	147,418	*	Sykes Enterprises, Inc		2,945
	1,715,500		Symantec Corp		40,331
	105,614	*	Synchronoss Technologies, Inc		4,835
	264,497	*,e	Synopsys, Inc		10,499
	74,636	*	Syntel, Inc		6,563
	184,000		Systex Corp		340
	142,374	*	TA Indigo Holding Corp		1,153
	120,374	*	Tableau Software, Inc		8,745
	1,070,201	*	Take-Two Interactive Software, Inc		24,690

154

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	117,616	*,e	Tangoe, Inc	$	1,594
	699,977		Tata Consultancy Services Ltd		30,981
	70,008		Tech Mahindra Ltd		2,814
	56,034	*	TechTarget, Inc		481
	202,075		Tecmo Koei Holdings Co Ltd		3,261
	219,298	e	Telecity Group plc		2,654
	174,401	*	TeleCommunication Systems, Inc (Class A)		487
	87,278	*	TeleNav, Inc		585
	78,321	*	TeleTech Holdings, Inc		1,925
	86,644		Temenos Group AG.		3,289
	10,429,085	e	Tencent Holdings Ltd		155,200
	304,022	*	Teradata Corp		12,745
	1,206		Tessi S.A.		131
	55,574	*,e	Textura Corp		1,467
	325,533	*	TIBCO Software, Inc		7,692
	133,489		Tietoenator Oyj		3,363
	587,174	*	TiVo, Inc		7,513
	694,614		Total System Services, Inc		21,505
	321,219		Totvus S.A.		4,886
	26,200	*	Trans Cosmos, Inc/Japan		514
	2,033,999		Travelsky Technology Ltd		2,190
	55,284	*	Travelzoo, Inc		857
	125,765	*,e	Tremor Video, Inc		294
	330,260		Trend Micro, Inc		11,190
	277,107	*,e	TrueCar, Inc		4,974
	111,599	*,e	Trulia, Inc		5,457
	5,415	*	TubeMogul, Inc		62
	84,388	*	Tungsten Corp plc		520
	1,599,698	*	Twitter, Inc		82,512
	163,919	*	Tyler Technologies, Inc		14,490
	284,666	*	Ubisoft Entertainment		4,668
	88,267	*	Ultimate Software Group, Inc		12,491
	168,024	*	Unisys Corp		3,933
	106,020		United Internet AG.		4,501
	10,100	*,e	UNITED, Inc		147
	294,880	*,e	Unwired Planet, Inc		548
	283,145	e	UXC Ltd		227
	3,414,000	*,e	V1 Group Ltd		346
	115,053		Vakrangee Ltd		234
	776,207	*	Vantiv, Inc		23,985
	16,227	*,e	Varonis Systems, Inc		342
	119,609	*	Vasco Data Security International		2,246
	299,677	*	VeriFone Systems, Inc		10,303
	257,964	*	Verint Systems, Inc		14,345
	295,560	*,e	VeriSign, Inc		16,291
	127,524	*,e	VirnetX Holding Corp		765
	80,445	*	Virtusa Corp		2,861
	2,422,876		Visa, Inc (Class A)		516,969
	345,652	*,e	VistaPrint Ltd		18,938
	933,949	*,e	VMware, Inc (Class A)		87,642
	206,622	*,e	Vringo, Inc		195
	32,633	*,e	WANdisco plc		161
	112,566	*,e	WebMD Health Corp (Class A)		4,706
	225,487	*	Website Pros, Inc		4,501
	13,268	*	Webzen, Inc		125
	9,120	*	WeMade Entertainment Co Ltd		380

155

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,085,943	e	Western Union Co	$	17,419
	948,435		Wipro Ltd		9,194
	255,075		Wirecard AG.		9,381
	42,073	*,e	Wix.com Ltd		684
	689,921	*	Workday, Inc		56,918
	528,864		Xchanging plc		1,606
	113,166	*	Xero Ltd		1,902
	5,603,880		Xerox Corp		74,139
	6,391		XING AG.		679
	24,375		X-Legend Entertainment Co Ltd		126
	120,769	*	Xoom Corp		2,651
	1,455,200		Yahoo! Japan Corp		5,531
	3,576,465	*	Yahoo!, Inc		145,741
	84,117	*	Yandex NV		2,338
	228,476	*,e	Yelp, Inc		15,593
	68,126	*,e	YuMe, Inc		341
	33,274	*,e	Zendesk, Inc		718
	134,942	*,e	Zillow, Inc		15,652
	179,317	*	Zix Corp		613
	5,854,592	*,e	Zynga, Inc		15,807
			TOTAL SOFTWARE & SERVICES		10,074,202
TECHNOLOGY HARDWARE & EQUIPMENT - 5.3%
	213,496	*,e	3D Systems Corp		9,900
	43,338	*	3S Korea Co Ltd		119
	1,262,000	e	AAC Technologies Holdings, Inc		7,312
	2,516,292		Accton Technology Corp		1,465
	2,631,846	*	Acer, Inc		1,848
	78,320	*	Acme Electronics Corp		98
	107,400		Adlink Technology, Inc		263
	214,096		Adtran, Inc		4,395
	38,381	*,e	ADVA AG. Optical Networking		141
	49,000		Advanced Ceramic X Corp		197
	343,749		Advantech Co Ltd		2,426
	54,200	*	Agilysys, Inc		636
	36,500		Ai Holdings Corp		738
	7,876,327	*,e	Alcatel S.A.		24,293
	57,306	e	Alliance Fiber Optic Products, Inc		712
	1,437,000		Alpha Networks, Inc		802
	560,900	*	Alps Electric Co Ltd		9,642
	171,300		Amano Corp		1,832
	433,282		Amphenol Corp (Class A)		43,268
	400,853		Anixter International, Inc		34,008
	135,800		Anritsu Corp		1,035
	25,029,234		Apple, Inc		2,521,695
	44,741	*,e	Applied Optoelectronics, Inc		720
	319,676		Arcadyan Technology Corp		445
	449,218	*	Arima Communications Corp		210
	3,094	*	Arista Networks, Inc		273
	799,637	*	ARRIS Group, Inc		22,674
	366,178	*	Arrow Electronics, Inc		20,268
	498,006	*	Aruba Networks, Inc		10,747
	91,239		Ascom Holding AG.		1,276
	167,000	*	Asia Optical Co, Inc		260
	322,464		Asia Vital Components Co Ltd		228
	107,000		ASROCK, Inc		288

156

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,872,461		Asustek Computer, Inc	$	17,868
	111,000		Aten International Co Ltd		290
	19,122,153		AU Optronics Corp		8,047
	26,999		Austria Technologie & Systemtechnik AG.		311
	50,000		AV Tech Corp		104
	36,900	*,e	Avigilon Corp		615
	287,513		Avnet, Inc		11,932
	87,728		AVX Corp		1,165
	129,679	e	Axis Communications AB		3,518
	44,262		Badger Meter, Inc		2,233
	26,709		Barco NV		1,930
	37,561		Bel Fuse, Inc (Class B)		929
	138,867		Belden CDT, Inc		8,890
	110,000		Bematech S.A.		366
	214,088	*	Benchmark Electronics, Inc		4,755
	1,699,000	*	Benq Corp		752
	1,048,000		BenQ Materials Corp		1,240
	59,880		Black Box Corp		1,396
	651,831	*,e	Blackberry Ltd (New)		6,495
	348,000		Boardtek Electronics Corp		376
	337,408	*,e	Bookham, Inc		483
	2,796,000	e	Broad Intelligence International Pharmaceutical Holdings Ltd		285
	1,775,545		Brocade Communications Systems, Inc		19,300
	155,232		Brother Industries Ltd		2,869
	58,000		Browave Corp		121
	72,996	*,e	Bull S.A.		451
	954,000	e	BYD Electronic International Co Ltd		1,104
	175,360	*,e	CalAmp Corp		3,090
	2,161,928		CalComp Electronics Thailand PCL		201
	181,272	*	Calix Networks, Inc		1,735
	20,300	*	Canon Electronics, Inc		375
	1,704,883		Canon, Inc		55,470
	323,000		Career Technology Co Ltd		440
	3,535,853		Catcher Technology Co Ltd		32,748
	266,000	*	Catic Shenzhen Holdings Ltd		189
	198,779		CDW Corp		6,172
	376,285	*	Celestica, Inc		3,813
	18,004	*	Chadiostech Co Ltd		52
	186,132		Chang Wah Electromaterials, Inc		430
	156,112	*	Checkpoint Systems, Inc		1,909
	382,402		Cheng Uei Precision Industry Co Ltd		685
	744,232		Chicony Electronics Co Ltd		2,226
	252,663		Chimei Materials Technology Corp		298
	2,668,000		China Aerospace International Holdings Ltd		364
	402,000		China All Access Holdings Ltd		156
	1,012,000	e	China Fiber Optic Network System Group Ltd		293
	4,176,000	*,e	China Innovationpay Group Ltd		399
	577,206		China ITS Holdings Co Ltd		87
	1,291,000		Chin-Poon Industrial Co		2,146
	334,840		Chroma ATE, Inc		929
	2,267,544	*,e	Ciena Corp		37,913
	18,851,149		Cisco Systems, Inc		474,483
	544,979		Citizen Watch Co Ltd		3,579
	35,615	*,e	Clearfield, Inc		453
	354,423		Clevo Co		625
	2,718,000	*	CMC Magnetics Corp		419

157

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	371,406		Cognex Corp	$	14,957
	101,635		Coherent, Inc		6,237
	1,004,799	e	Comba Telecom Systems Holdings Ltd		455
	726		Comet Holding AG.		460
	167,148	*	CommScope Holding Co, Inc		3,997
	4,537,948		Compal Electronics, Inc		3,395
	5,931,000		Compeq Manufacturing Co		3,492
	56,897		Comtech Telecommunications Corp		2,114
	34,179	*,e	Control4 Corp		442
	3,600,000		Coolpad Group Ltd		638
	1,078,500		Coretronic Corp		1,741
	4,042,551		Corning, Inc		78,183
	112,000		Coxon Precise Industrial Co Ltd		195
	120,382	*,e	Cray, Inc		3,159
	19,971	*	CrucialTec Co Ltd		286
	125,224		CTS Corp		1,990
	65,069	*,e	CUI Global, Inc		471
	291,000		CyberTAN Technology, Inc		254
	133,709		Daeduck Electronics Co		1,164
	16,040		Daeduck GDS Co Ltd		184
	778,000		Daiwabo Co Ltd		1,507
	120,207		Daktronics, Inc		1,477
	266,000		Darfon Electronics Corp		169
	19,657		Datalogic S.p.A.		204
	254,485		DataTec Ltd		1,210
	1,479,600		Delta Electronics Thai PCL		2,822
	3,089,464		Delta Electronics, Inc		19,517
	233,000		Denki Kogyo Co Ltd		1,333
	29,791	e	Dialight plc		435
	130,453		Diebold, Inc		4,608
	95,369	*	Digi International, Inc		715
	986,000		Digital China Holdings Ltd		881
	16,836		Digital Multimedia Technologies S.p.A.		891
	145,526		Diploma plc		1,627
	1,593,240		D-Link Corp		948
	58,589	e	Dolby Laboratories, Inc (Class A)		2,448
	254,052		Domino Printing Sciences		2,516
	168,284	*,e	Dot Hill Systems Corp		636
	61,056	*	DTS, Inc		1,542
	669,000		Dynapack International Technology Corp		1,740
	348,800		Eastern Communications Co Ltd		217
	63,561	*,e	Eastman Kodak Co		1,396
	142,307	*	EchoStar Corp (Class A)		6,939
	58,571		Eizo Nanao Corp		1,351
	14,800	*	Elecom Co Ltd		334
	59,277		Electro Rent Corp		816
	88,731		Electro Scientific Industries, Inc		602
	1,069,325		Electrocomponents plc		3,850
	316,933	*	Electronics for Imaging, Inc		13,999
	1,237,654		Elite Material Co Ltd		1,377
	2,286,080		Elitegroup Computer Systems Co Ltd		1,671
	6,641,632		EMC Corp		194,334
	279,450	*	Emulex Corp		1,380
	9,200		Enplas Corp		470
	4,907,575		Ericsson (LM) (B Shares)		61,879
	27,730		Esprinet S.p.A.		220
	12,851	e	EVS Broadcast Equipment S.A.		448

158

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	27,963	*,e	Exfo Electro Optical Engineering, Inc	$	117
	309,457	*	Extreme Networks, Inc		1,482
	1,092,280	*	F5 Networks, Inc		129,697
	129,727	*	Fabrinet		1,894
	81,942	*	FARO Technologies, Inc		4,159
	177,643		FEI Co		13,398
	7,200,000	*,e	FIH Mobile Ltd		3,743
	50,784	*,e	Fingerprint Cards AB		257
	290,035	*,e	Finisar Corp		4,823
	193,110		Firich Enterprises Co Ltd		929
	215,628		FLEXium Interconnect, Inc		544
	2,124	*	Flextronics International Ltd		22
	284,141		Flir Systems, Inc		8,905
	113,854		Flytech Technology Co Ltd		452
	846,751		Foxconn Technology Co Ltd		2,092
	1,171,782		Fujifilm Holdings Corp		36,005
	192,153		G Tech Optoelectronics Corp		185
	75,510	e	Gemalto NV		6,933
	439,913		Gemtek Technology Corp		392
	63,909		Genius Electronic Optical Co Ltd		236
	59,677		GeoVision, Inc		203
	1,678,000		Getac Technology Corp		848
	2,022,000		Gigabyte Technology Co Ltd		2,261
	279,986	*	Gigastorage Corp		281
	14,549		Global Display Co Ltd		110
	177,000	e	Goldpac Group Ltd		157
	113,400	*	GSI Group, Inc		1,303
	852,301	e	Halma plc		8,421
	17,141		Hamamatsu Photonics KK		814
	6,241,770		HannStar Display Corp		1,670
	399,628	*	Harmonic, Inc		2,534
	316,867		Harris Corp		21,040
	10,206,327		Hewlett-Packard Co		362,018
	43,689		Hexagon AB (B Shares)		1,381
	689,725		High Tech Computer Corp		2,989
	9,804		Hirose Electric Co Ltd		1,210
	246,190		Hitachi High-Technologies Corp		7,080
	307,000		Hitachi Kokusai Electric, Inc		4,329
	11,192,556		Hitachi Ltd		85,511
	516,100		Holystone Enterprise Co Ltd		722
	17,169,273		Hon Hai Precision Industry Co, Ltd		54,079
	33,795		Horiba Ltd		1,226
	56,000	e	Hosiden Corp		303
	704,696		Hoya Corp		23,664
	23,090		Humax Co Ltd		246
	29,301		Ibiden Co Ltd		571
	311,000		Ichia Technologies, Inc		369
	8,500		Icom, Inc		213
	203,280		ICP Electronics, Inc		402
	245,346	*,e	IDEX ASA		128
	15,645	*	Iljin Materials Co Ltd		143
	167,481	*	Immersion Corp		1,437
	228,100		Inari Amertron BHD		225
	1,606		Inficon Holding AG.		490
	372,220	*,e	Infinera Corp		3,972
	275,000		Infortrend Technology, Inc		145

159

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	49,630	e	Ingenico	$	5,068
	421,060	*	Ingram Micro, Inc (Class A)		10,868
	8,546,463		InnoLux Display Corp		3,688
	152,461	*	Insight Enterprises, Inc		3,450
	21,357		Intelligent Digital Integrated Securities Co Ltd		282
	126,028	e	InterDigital, Inc		5,018
	8,269	*	Interflex Co Ltd		102
	88,789	*	Intevac, Inc		592
	19,851		INTOPS Co Ltd		323
	209,810	*,e	InvenSense, Inc		4,140
	2,385,349		Inventec Co Ltd		1,551
	48,144	e	IPG Photonics Corp		3,311
	11,500	e	Iriso Electronics Co Ltd		915
	144,975		IsuPetasys Co Ltd		753
	56,500		ITC Networks Corp		560
	836,357		ITEQ Corp		706
	144,174	*	Itron, Inc		5,667
	29,296		Ituran Location and Control Ltd		616
	207,598	*	Ixia		1,897
	684,583		Jabil Circuit, Inc		13,808
	23,610		Jahwa Electronics Co Ltd		271
	155,493		Japan Aviation Electronics Industry Ltd		3,547
	12,800	e	Japan Cash Machine Co Ltd		253
	67,200		Japan Digital Laboratory Co Ltd		1,244
	356,700	*	Japan Display, Inc		1,719
	46,535	*	Japan Radio Co Ltd		162
	1,634,200		JCY International BHD		316
	2,323,863	*	JDS Uniphase Corp		29,745
	93,225		Jenoptik AG.		1,042
	62,700		Jentech Precision Industrial Co Ltd		153
	2,635,000		Ju Teng International Holdings Ltd		1,516
	1,437,202		Juniper Networks, Inc		31,834
	15,100		Kaga Electronics Co Ltd		174
	10,700		Kanematsu Electronics Ltd		142
	4,994		Kapsch TrafficCom AG.		145
	230,300		KCE Electronics PCL		283
	163,979	*	Kemet Corp		676
	20,037		Keyence Corp		8,700
	98,130		KH Vatec Co Ltd		2,715
	703,550		Kingboard Chemical Holdings Ltd		1,399
	2,124,000	e	Kingboard Laminates Holdings Ltd		896
	9,107	*	KMW Co Ltd		87
	251,758	*,e	Knowles Corp		6,672
	77,600		Koa Corp		819
	8,942		KONA I Co Ltd		330
	547,700		Konica Minolta Holdings, Inc		5,921
	10,568		Korea Circuit Co Ltd		81
	107,573		Kudelski S.A.		1,398
	49,404	*	KVH Industries, Inc		559
	237,500		Kyocera Corp		11,093
	265,855		Laird Group plc		1,330
	378,762		Largan Precision Co Ltd		27,098
	7,021,400	e	Lenovo Group Ltd		10,458
	329,452		Lexmark International, Inc (Class A)		14,002
	12,704	*	LG Innotek Co Ltd		1,384
	472,978	*	LG.Philips LCD Co Ltd		15,115

160

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,080,046		Lite-On Technology Corp	$	2,992
	94,550		Littelfuse, Inc		8,054
	154,676	e	Logitech International S.A.		1,981
	69,000		Lotes Co Ltd		291
	808,000		Loxley PCL		122
	21,483	e	LPKF Laser & Electronics AG.		375
	99,575		Lumax International Corp Ltd		233
	10,500		Macnica, Inc		335
	145,000		Marubun Corp		951
	7,700	e	Maruwa Co Ltd		241
	87,641	*,e	Maxwell Technologies, Inc		764
	48,972	*	Measurement Specialties, Inc		4,192
	54,600	e	Melco Holdings, Inc		1,042
	125,043	*	Mercury Computer Systems, Inc		1,377
	172,076		Merry Electronics Co Ltd		799
	9,428	e	Mesa Laboratories, Inc		545
	149,220		Methode Electronics, Inc		5,502
	3,823,000		Micro-Star International Co Ltd		4,701
	180,000		MIN AIK Technology Co Ltd		964
	591,500		Mitac Holdings Corp		487
	129,300		Mitsumi Electric Co Ltd		936
	287,537		Motorola, Inc		18,195
	46,394		MTS Systems Corp		3,167
	33,814	*	Multi-Fineline Electronix, Inc		316
	614,708		Murata Manufacturing Co Ltd		69,871
	256,000	*	Nan Ya Printed Circuit Board Corp		411
	1,080,000		Nanjing Panda Electronics		1,130
	195,901		National Instruments Corp		6,059
	292,581	*	NCR Corp		9,775
	493,382		NEC Corp		1,705
	97,557		Neopost S.A.		7,175
	1,555,464		NetApp, Inc		66,823
	137,424	*	Netgear, Inc		4,295
	86,526		Newmax Technology Co Ltd		133
	192,862	*	Newport Corp		3,418
	292,326		Nichicon Corp		2,101
	39,500	m	Nidec Copal Electronics Corp		368
	27,988	*,e	Nimble Storage, Inc		727
	15,200	e	Nippon Ceramic Co Ltd		227
	142,000	*	Nippon Chemi-Con Corp		434
	607,318		Nippon Electric Glass Co Ltd		2,952
	158,900		Nippon Signal Co Ltd		1,634
	59,000		Nohmi Bosai Ltd		923
	3,460,491		Nokia Corp		29,276
	7,360,404		Nokia Oyj		62,498
	53,432		Nolato AB (B Shares)		1,211
	28,439		Nortel Networks Netas Telekomunikasyon AS		76
	45,854	*	Numerex Corp		481
	681,000		Oki Electric Industry Co Ltd		1,594
	729,372		Omron Corp		33,148
	70,742		Oplink Communications, Inc		1,190
	169,582	e	Opus Group AB		260
	76,151	*	OSI Systems, Inc		4,834
	54,001		Oxford Instruments plc		891
	787,488		Pace plc		3,787
	283,255	*	Palo Alto Networks, Inc		27,787

161

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	435,224		Pan-International Industrial	$	294
	77,607		Park Electrochemical Corp		1,828
	280,492	*,e	Parkervision, Inc		320
	7,272	*	Parrot S.A.		158
	193,137		Partron Co Ltd		1,765
	598,000	*,e	PAX Global Technology Ltd		526
	41,772		PC Connection, Inc		897
	7,271,324		Pegatron Technology Corp		13,366
	139,681	e	Pinnacle Holdings Ltd		148
	178,362		Plantronics, Inc		8,522
	127,769	*	Plexus Corp		4,719
	607,555	*	Polycom, Inc		7,464
	48,240		Posiflex Technology, Inc		265
	881,968		Premier Farnell plc		2,589
	1,266,000		Primax Electronics Ltd		1,468
	939,100	*	Prime View International Co Ltd		529
	74,102	*,e	Procera Networks, Inc		710
	5,254,000	*	PT Agis Tbk		194
	1,307,000		PT Erajaya Swasembada Tbk		114
	328,766	*	QLogic Corp		3,012
	5,920,335		Qualcomm, Inc		442,664
	2,934,032		Quanta Computer, Inc		7,448
	1,290,000		Quanta Storage, Inc		1,516
	766,014	*,e	Quantum Corp		889
	118,443	*,e	RealD, Inc		1,110
	373,852		Redington India Ltd		561
	79,639		Renishaw plc		2,104
	501,978		Ricoh Co Ltd		5,393
	31,200		Riso Kagaku Corp		1,011
	2,788,000	*	Ritek Corp		337
	239,660	*	Riverbed Technology, Inc		4,445
	103,792	*	Rofin-Sinar Technologies, Inc		2,393
	65,044	*	Rogers Corp		3,562
	9,700		Roland DG Corp		400
	306,315	*	Ruckus Wireless, Inc		4,092
	74,300		Ryosan Co Ltd		1,602
	58,000		Ryoyo Electro Corp		597
	34,904		Sam Young Electronics Co Ltd		448
	57,551		Samsung Electro-Mechanics Co Ltd		2,696
	59,463		Samsung SDI Co Ltd		6,886
	1,310,346		SanDisk Corp		128,348
	371,213	*	Sandvine Corp		918
	399,752	*	Sanmina Corp		8,339
	16,022	*	Sapphire Technology Co Ltd		275
	105,426	*	Scansource, Inc		3,647
	1,587,115	e	Seagate Technology, Inc		90,894
	299,800		Seiko Epson Corp		14,445
	84,678		SEOWONINTECH Co Ltd		950
	826,000		Sercomm Corp		1,771
	11,695		SFA Engineering Corp		480
	155,000	*	Shanghai Potevio Co Ltd		141
	294,300	*	Shenzhen SEG Co Ltd		131
	309,800	*	Shijiazhuang Baoshi Electronic Glass Co Ltd		284
	216,876		Shimadzu Corp		1,879
	359,944	*,e	ShoreTel, Inc		2,394
	31,211	*,e	Sierra Wireless, Inc		836

162

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	52,900		Siix Corp	$	920
	101,948	*,e	Silicon Graphics International Corp		941
	158,496		Silitech Technology Corp		126
	274,342		Simplo Technology Co Ltd		1,324
	1,080,000		Sinbon Electronics Co Ltd		1,386
	5,730		Sindoh Co Ltd		408
	930,000	*	Sintek Photronic Corp		228
	367,000		Sirtec International Co Ltd		748
	186,000	e	SMK Corp		904
	1,318,787	*	Sonus Networks, Inc		4,510
	212,149		Spectris plc		6,198
	152,067	*,e	Speed Commerce, Inc		418
	828,839		Spirent Communications plc		1,405
	241,989	*,e	Stratasys Ltd		29,227
	1,151,000	e	Sunny Optical Technology Group Co Ltd		1,705
	105,332	*	Super Micro Computer, Inc		3,099
	11,967	*	Suprema, Inc		331
	366,786	*	SVA Electron Co Ltd		194
	245,107	*	Synaptics, Inc		17,942
	2,256,000		Synertone Communication Corp		195
	110,073	*,e	SYNNEX Corp		7,114
	1,198,402		Synnex Technology International Corp		1,655
	156,972		Taiflex Scientific Co Ltd		251
	1,965,577		Taiwan PCB Techvest Co Ltd		3,059
	101,703	e	Taiyo Yuden Co Ltd		1,138
	2,600,000		TCL Communication Technology Holdings Ltd		3,116
	200,844		TDK Corp		11,235
	591,552		TE Connectivity Ltd		32,707
	104,616	*	Tech Data Corp		6,158
	82,000	*	Technovator International Ltd		40
	21,298		Tessco Technologies, Inc		617
	400,095		Test Research, Inc		710
	350,773	*	Thin Film Electronics ASA		253
	31,000		Toko, Inc		92
	150,625		Tong Hsing Electronic Industries Ltd		661
	8,130,000		Tongda Group Holdings Ltd		1,107
	75,100		Topcon Corp		1,711
	129,000		Toshiba TEC Corp		836
	23,800		Toyo Corp/Chuo-ku		246
	247,003		TPK Holding Co Ltd		1,477
	1,292,000		Tpv Technology Ltd		258
	604,000		Trigiant Group Ltd		166
	524,155	*	Trimble Navigation Ltd		15,987
	1,068,932		Tripod Technology Corp		2,205
	1,458,000	e	Truly International Holdings		836
	19,000		TSC Auto ID Technology Co Ltd		153
	145,469		TT electronics plc		393
	200,980	*	TTM Technologies, Inc		1,369
	1,521,039		TXC Corp		2,044
	146,716	e	Ubiquiti Networks, Inc		5,506
	1,047,528		Unimicron Technology Corp		780
	253,937		Unitech Printed Circuit Board Corp		112
	120,895	*,e	Universal Display Corp		3,946
	55,000		Usun Technology Co Ltd		149
	288,795		Venture Corp Ltd		1,722
	126,099	*,e	Viasat, Inc		6,951

163

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	15,411	*	Viasystems Group, Inc	$	242
	230,018	*,e	Violin Memory, Inc		1,120
	582,037		Vishay Intertechnology, Inc		8,317
	52,169	*,e	Vishay Precision Group, Inc		779
	63,371		Vivotek, Inc		183
	1,406,800		VST Holdings Ltd		422
	165,100	e	Vtech Holdings Ltd		2,037
	142,700	e	Wacom Co Ltd		616
	601,000		Wah Lee Industrial Corp		1,066
	476,769	*	Walsin Technology Corp		180
	1,476,000		Wasion Group Holdings Ltd		1,357
	827,800		Weikeng Industrial Co Ltd		629
	1,320,877		Western Digital Corp		128,548
	119,100	e	Wi-Lan, Inc		430
	134,550		Wincor Nixdorf AG.		6,881
	2,315,500	*	Wintek Corp		497
	12,128,424		Wistron Corp		12,351
	1,518,032		Wistron NeWeb Corp		3,561
	4,708,872		WPG Holdings Co Ltd		5,761
	1,445,512		WT Microelectronics Co Ltd		2,322
	198,957		Xaar plc		1,213
	15,750	*,m	Ya Hsin Industrial Co Ltd		0	^
	2,168,100	m	Yageo Corp		1,572
	63,393		Yamatake Corp		1,556
	73,990	e	Yaskawa Electric Corp		1,006
	87,685		Yokogawa Electric Corp		1,153
	70,000		Young Optics, Inc		137
	213,325	*	Zebra Technologies Corp (Class A)		15,140
	272,507		Zhen Ding Technology Holding Ltd		788
	273,000		Zinwell Corp		253
	735,082		ZTE Corp		1,630
	1,547,000		Zyxel Communications		1,012
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		6,563,653
TELECOMMUNICATION SERVICES - 2.8%
	303,890	*	8x8, Inc		2,030
	1,164,704		Advanced Info Service PCL (Foreign)		8,076
	171,937		AFK Sistema (GDR)		1,179
	217,046	e	Amcon Telecommunications Ltd		362
	55,017,889		America Movil S.A. de C.V. (Series L)		69,476
	310,500		APT Satellite Holdings Ltd		441
	2,084,000		Asia Pacific Telecom Co Ltd		1,211
	11,332,873		AT&T, Inc		399,370
	34,671		Atlantic Tele-Network, Inc		1,869
	86,154	*,e	Avanti Communications Group plc		252
	2,020,000	*,e	Axtel SAB de C.V.		588
	525,369	e	BCE, Inc		22,465
	274,837	e	Belgacom S.A.		9,569
	19,245		Bell Aliant Regional Communications Income Fund		526
	11,499,437		Bezeq Israeli Telecommunication Corp Ltd		19,851
	832,879		Bharti Airtel Ltd		5,458
	9,936		Bharti Infratel Ltd		47
	82,131	*	Boingo Wireless, Inc		586
	10,715,957		BT Group plc		65,732
	6,423,368		Cable & Wireless plc		4,865

164

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	148,838		Cellcom Israel Ltd	$	1,645
	1,957,027		CenturyTel, Inc		80,023
	2,887,774		China Communications Services Corp Ltd		1,342
	11,685,890		China Mobile Hong Kong Ltd		136,754
	15,791,289		China Telecom Corp Ltd		9,680
	5,459,301		China Unicom Ltd		8,188
	929,038		Chorus Ltd		1,313
	4,196,137		Chunghwa Telecom Co Ltd		12,634
	758,711	*	Cincinnati Bell, Inc		2,557
	1,532,000		Citic 1616 Holdings Ltd		574
	2,840,686	*	Citic 21CN Co Ltd		1,726
	137,312		Cogent Communications Group, Inc		4,615
	538,281	*	Colt Telecom Group S.A.		1,167
	130,024	e	Consolidated Communications Holdings, Inc		3,257
	2,282,980		Deutsche Telekom AG.		34,556
	8,109,000		Digi.Com BHD		14,463
	143,365		Drillisch AG.		4,804
	136,618		Elisa Oyj (Series A)		3,619
	118,460		Empresa Nacional de Telecomunicaciones S.A.		1,344
	39,007	e	Enventis Corp		709
	64,818	*	Fairpoint Communications, Inc		983
	1,652,696		Far EasTone Telecommunications Co Ltd		3,169
	2,754,277		France Telecom S.A.		41,101
	272,805		Freenet AG.		7,074
	6,165,905	e	Frontier Communications Corp		40,140
	108,814	*	General Communication, Inc (Class A)		1,187
	1,002,107	*,e	Globalstar, Inc		3,668
	50,950		Globe Telecom, Inc		1,843
	40,262	*,e	Hawaiian Telcom Holdco, Inc		1,034
	1,594,609	*	Hellenic Telecommunications Organization S.A.		20,937
	2,194,127		HKT Trust and HKT Ltd		2,650
	1,594,651	e	Hutchison Telecommunications Hong Kong Holdings Ltd		637
	2,586,427		Idea Cellular Ltd		6,939
	102,775		IDT Corp (Class B)		1,651
	443,828	e	iiNET Ltd		3,158
	17,009		Iliad S.A.		3,588
	183,744	*	inContact, Inc		1,598
	199,579		Inmarsat plc		2,264
	214,348		Inteliquent, Inc		2,669
	167,753	*,e	Intelsat S.A.		2,875
	291,938	*,e	Iridium Communications, Inc		2,584
	113,800	*,e	Japan Communications, Inc		631
	3,000,000		Jasmine International PCL		616
	259,775		Jaymart PCL		112
	216,356	*,e	Jazztel plc		3,496
	1,175,750		Kcom Group plc		1,801
	569,050		KDDI Corp		34,232
	64,727		KT Corp		2,109
	257,812	e,m	Let’s GOWEX S.A.		3
	2,608,021	*,e	Level 3 Communications, Inc		119,265
	245,349		LG Telecom Ltd		2,870
	57,583		Lumos Networks Corp		936
	362,621	e	M2 Telecommunications Group Ltd		2,414
	590,962		Magyar Telekom		868
	96,300	e	Manitoba Telecom Services, Inc		2,505
	2,016,300		Maxis BHD		3,984

165

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	88,204		MegaFon OAO (GDR)	$	2,239
	973,908	*	Midas S.A.		165
	59,870	e	Millicom International Cellular S.A.		4,795
	528,182		Mobile TeleSystems (ADR)		7,891
	402,809		MobileOne Ltd		1,122
	29,791		Mobistar S.A.		555
	3,315,707		MTN Group Ltd		69,906
	679,684		Netia S.A.		1,147
	160,920	*,e	NEXTDC Ltd		228
	950,811		Nippon Telegraph & Telephone Corp		58,964
	58,604	e	NTELOS Holdings Corp		624
	1,264,700		NTT DoCoMo, Inc		21,181
	34,561		Oi S.A.		25
	5,187,300		Oi S.A. (Preference)		3,687
	89,918		Ooredoo QSC		3,271
	4,657,060	*	Orascom Telecom Holding SAE		3,289
	8,249,472		Orascom Telecom Media And Technology Holding SAE		1,355
	160,099	*	Orbcomm, Inc		921
	85,024	*	Partner Communications		606
	7,968,004		PCCW Ltd		5,008
	98,456		Philippine Long Distance Telephone Co		6,794
	566,508	e	Portugal Telecom SGPS S.A.		1,191
	170,384	*	Premiere Global Services, Inc		2,039
	2,909,490		PT Excelcomindo Pratama		1,480
	1,654,900		PT Indosat Tbk		517
	54,091,805		PT Telekomunikasi Indonesia Persero Tbk		12,958
	89,753	e	QSC AG.		252
	992,858		Reliance Communication Ventures Ltd		1,586
	83,099	*,e	RingCentral, Inc		1,056
	341,717	e	Rogers Communications, Inc (Class B)		12,791
	147,007		Rostelecom (ADR)		2,339
	1,796,114	*	Royal KPN NV		5,750
	345,000		Samart Telcoms PCL		245
	993,046	*	SBA Communications Corp (Class A)		110,129
	71,763		Shenandoah Telecom Co		1,780
	8,684,773		Singapore Telecommunications Ltd		25,852
	167,297	*	SK Broadband Co Ltd		743
	75,387		SK Telecom Co Ltd		20,738
	350,498		SmarTone Telecommunications Holding Ltd		490
	1,667,732		Softbank Corp		116,489
	81,509		Spok Holdings, Inc		1,060
	1,762,334	*,e	Sprint Corp		11,173
	469,924		StarHub Ltd		1,517
	15,305		Swisscom AG.		8,675
	1,851,543		Taiwan Mobile Co Ltd		5,614
	529,456		TalkTalk Telecom Group plc		2,566
	3,995,214		TDC AS		30,267
	310,287		Tele2 AB		3,735
	1,312,238		Telecom Corp of New Zealand Ltd		3,041
	761,504		Telecom Egypt		1,459
	10,949,803		Telecom Italia RSP		9,679
	9,000,553		Telecom Italia S.p.A.		10,295
	783,117		Telefonica Brasil S.A.		15,485
	477,593	e	Telefonica Deutschland Holding AG.		2,491
	219,318		Telefonica O2 Czech Republic AS		3,154
	4,843,095		Telefonica S.A.		74,798

166

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	19,794	e	Telekom Austria AG.	$	178
	4,282,335		Telekom Malaysia BHD		8,616
	1,929,128		Telekomunikacja Polska S.A.		6,773
	812,427		Telenor ASA		17,831
	683,896		Telephone & Data Systems, Inc		16,386
	2,197,504		TeliaSonera AB		15,154
	299,937	*	Telkom S.A. Ltd		1,449
	9,294,044		Telstra Corp Ltd		43,122
	303,351		TELUS Corp		10,358
	625,000		Thaicom PCL		794
	1,579,908		Tim Participacoes S.A.		8,320
	438,020	*	Time dotCom BHD		682
	2,838,700		TM International BHD		6,061
	5,193,980		T-Mobile US, Inc		149,950
	1,983,900		Tower Bersama Infrastructure		1,305
	1,429,809		TPG Telecom Ltd		8,564
	8,560,677	*	True Corp PCL (Foreign)		3,136
	864,460		Turk Telekomunikasyon AS		2,285
	1,011,939	*	Turkcell Iletisim Hizmet AS		5,290
	274,412	*	tw telecom inc (Class A)		11,418
	23,970	e	US Cellular Corp		850
	18,043,582		Verizon Communications, Inc		901,999
	149,269		Verizon Communications, Inc (New)		7,473
	2,404,710		Vivendi Universal S.A.		58,068
	407,728	e	Vodacom Group Pty Ltd		4,692
	49,677,027		Vodafone Group plc		163,697
	542,153		Vodafone Group plc (ADR)		17,831
	568,574		Vodafone Qatar		3,296
	644,652	*	Vonage Holdings Corp		2,114
	2,772,794	e	Windstream Holdings, Inc		29,891
	41,422		Ziggo NV		1,940
			TOTAL TELECOMMUNICATION SERVICES		3,473,244
TRANSPORTATION - 2.9%
	398,301		Abertis Infraestructuras S.A. (Continuous)		7,854
	205,480		Aegean Airlines S.A.		1,677
	146,458		Aeroports de Paris		17,537
	2,502,865		Air Arabia PJSC		932
	53,088	*,e	Air Berlin plc		86
	40,000	*	Air Canada (Class A)		305
	1,991,807		Air China Ltd		1,259
	1,788,144	e	Air New Zealand Ltd		2,712
	214,402	*	Air Transport Services Group, Inc		1,561
	3,614,380		AirAsia BHD		2,785
	1,244,800	*	AirAsia X BHD		300
	514,100		Airports of Thailand PCL (Foreign)		3,780
	12,796	*	AJ Rent A Car Co Ltd		214
	798,581		Alaska Air Group, Inc		34,770
	482,699		All America Latina Logistica S.A.		1,254
	479,831	e	All Nippon Airways Co Ltd		1,115
	42,131		Allegiant Travel Co		5,210
	41,501		Amerco, Inc		10,869
	3,126,147		American Airlines Group, Inc		110,916
	110,400		American Shipping ASA		810
	634,771	*,b,m	AMR Corp (Escrow)		6
	1,320,000	e	Anhui Expressway Co		806

167

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	4,224,991		Ansaldo STS S.p.A.	$	47,619
	11,295		AP Moller - Maersk AS (Class A)		26,054
	21,815		AP Moller - Maersk AS (Class B)		51,676
	133,353		Arkansas Best Corp		4,974
	721,015		Asciano Group		3,811
	117,988	*	Asiana Airlines		512
	95,217	*	Atlas Air Worldwide Holdings, Inc		3,144
	1,853,871		Auckland International Airport Ltd		5,570
	78,450		Autostrada Torino-Milano S.p.A.		1,050
	1,224,951		Autostrade S.p.A.		30,092
	959,774		Avianca Holdings S.A.		1,661
	623,394	*	Avis Budget Group, Inc		34,218
	178,728	e	Baltic Trading Ltd		740
	7,400,000	*	Bangkok Metro PCL		435
	535,404		BBA Aviation plc		2,813
	1,863,803		Beijing Capital International Airport Co Ltd		1,421
	4,236		Bollore		2,402
	203,539		bpost S.A.		4,859
	1,042,128	*,e	Brockman Mining Ltd		47
	5,585,100		BTS Group Holdings PCL (Foreign)		1,688
	1,375,283	e	Canadian National Railway Co		97,637
	164,770		Canadian Pacific Railway Ltd		34,185
	802,555	e	Canadian Pacific Railway Ltd (Toronto)		166,559
	1,254,830		Cathay Pacific Airways Ltd		2,305
	327,240		Cebu Air, Inc		499
	76,454		Celadon Group, Inc		1,487
	204,515		Central Japan Railway Co		27,587
	875,475	e	CH Robinson Worldwide, Inc		58,062
	1,125,715	*	China Airlines		378
	1,038,000	*,e	China Dredging Environment Protection Holdings Ltd		250
	1,365,394		China Merchants Holdings International Co Ltd		4,217
	5,267,187	*,e	China Shipping Container Lines Co Ltd		1,415
	95,500	e	China Southern Airlines Co Ltd		31
	16,400,000	*,e	China Timber Resources Group Ltd		499
	168,000		Chinese Maritime Transport Ltd		183
	1,019,148		Cia de Concessoes Rodoviarias		6,987
	26,821		Clarkson plc		1,022
	2,287,710		ComfortDelgro Corp Ltd		4,297
	11,793		Compagnie Maritime Belge S.A.		246
	7,295,616	*	Compania SudAmericana de Vapores S.A.		273
	863,500	*	Controladora Vuela Cia de Aviacion SAB de C.V.		746
	797,743		Con-Way, Inc		37,893
	141,584		Copa Holdings S.A. (Class A)		15,191
	3,315,836	*,e	COSCO Holdings		1,375
	4,712,046		COSCO Pacific Ltd		6,250
	325,539		Costamare, Inc		7,149
	1,512,074		CSX Corp		48,477
	418,064		CTT-Correios de Portugal S.A.		4,063
	776,000	e	CWT Ltd		1,018
	25,614	e	D/S Norden		656
	173,000	*,e	Daiichi Chuo Kisen Kaisha		142
	332,332		Dart Group plc		1,168
	695,450		Dazhong Transportation Group Co Ltd		477
	5,503,189		Delta Air Lines, Inc		198,940
	1,103,166		Deutsche Lufthansa AG.		17,322
	2,526,273		Deutsche Post AG.		80,525

168

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,217		Dfds AS	$	1,588
	173,698		DP World Ltd		3,591
	203,221		DSV AS		5,714
	193,374	*	DX Group plc		355
	470,725		East Japan Railway Co		35,259
	1,350,669		easyJet plc		31,081
	90,446	*	Echo Global Logistics, Inc		2,130
	425,864		EcoRodovias Infraestrutura e Logistica S.A.		2,098
	642,519	*	Eva Airways Corp		340
	437,000		Evergreen International Storage & Transport Corp		263
	1,307,857	*	Evergreen Marine Corp Tawain Ltd		767
	340,035		Expeditors International of Washington, Inc		13,799
	1,652,914		FedEx Corp		266,863
	230,000	*	First Steamship Co Ltd		157
	1,244,308	*	Firstgroup plc		2,412
	24,179		Flughafen Wien AG.		2,019
	3,963		Flughafen Zuerich AG.		2,483
	202,714	*	Flybe Group plc		401
	141,955		Forward Air Corp		6,364
	30,122		Fraport AG. Frankfurt Airport Services Worldwide		1,975
	556,000		Freetech Road Recycling Technology Holdings Ltd		123
	280,704		Freightways Ltd		1,118
	125,000	e	Fukuyama Transporting Co Ltd		623
	103,737		Gateway Distriparks Ltd		430
	184,819	*	Genesee & Wyoming, Inc (Class A)		17,615
	15,238		GLOVIS Co Ltd		4,646
	102,732		Go-Ahead Group plc		4,227
	503,306	*	Gol Linhas Aereas Inteligentes S.A.		2,406
	1,694,402	e	Golden Ocean Group Ltd		2,018
	1,252,589		Grindrod Ltd		2,503
	471,659		Groupe Eurotunnel S.A.		5,762
	975,200	*,e	Grupo Aeromexico SAB de C.V.		1,469
	901,400		Grupo Aeroportuario del Centro Norte Sab de C.V.		3,962
	897,491		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		6,060
	217,993		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		2,817
	303,560		Guangdong Provincial Expressway Development Co Ltd		117
	336,822	*	Gujarat Pipavav Port Ltd		925
	1,437,393	*	GVK Power & Infrastructure Ltd		235
	1,594,000		GZI Transportation Ltd		979
	132,000		Hainan Meilan International Airport Co Ltd		104
	24,340	e	Hamburger Hafen und Logistik AG.		578
	24,754	*	Hanjin Kal Corp		606
	94,106	*	Hanjin Shipping Co Ltd		493
	57,359		Hanjin Transportation Co Ltd		2,309
	243,000		Hankyu Hanshin Holdings, Inc		1,415
	133,459	*,e	Hawaiian Holdings, Inc		1,795
	164,003	e	Heartland Express, Inc		3,930
	2,242,000		Henderson Investment Ltd		193
	3,477,553	*	Hertz Global Holdings, Inc		88,295
	44,400		Hitachi Transport System Ltd		574
	2,031,827	e	Hopewell Highway Infrastructure Ltd		994
	202,107	*	Hub Group, Inc (Class A)		8,191
	4,872,040	e	Hutchison Port Holdings Trust		3,408
	64,755	*	Hyundai Merchant Marine Co Ltd		600
	82,757		Iino Kaiun Kaisha Ltd		472
	4,416	*	Integer.pl S.A.		290

169

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,068,107	*	International Consolidated Airlines Group S.A.	$	18,247
	4,229,921	*	International Consolidated Airlines Group S.A. (London)		25,109
	1,843,067		International Container Term Services, Inc		4,534
	20,360	e	International Shipholding Corp		364
	343,710		Irish Continental Group plc		1,198
	80,148		J.B. Hunt Transport Services, Inc		5,935
	776,600		Japan Airlines Co Ltd		21,250
	37,755	e	Japan Airport Terminal Co Ltd		1,515
	48,682	*	Jet Airways India Ltd		164
	978,900	*,e	JetBlue Airways Corp		10,396
	3,480,123	e	Jiangsu Express		3,674
	166,000		Jinzhou Port Co Ltd		74
	77,700		Julio Simoes Logistica S.A.		384
	545,587		Kamigumi Co Ltd		5,167
	590,072		Kansas City Southern Industries, Inc		71,517
	1,563,400		Kawasaki Kisen Kaisha Ltd		3,325
	364,555		Keihin Electric Express Railway Co Ltd		3,043
	112,107		Keio Corp		828
	54,032		Keisei Electric Railway Co Ltd		543
	730,480		Kerry Logistics Network Ltd		1,138
	1,342,185		Kintetsu Corp		4,515
	14,300		Kintetsu World Express, Inc		545
	232,562	*	Kirby Corp		27,407
	181,338		Knight Transportation, Inc		4,967
	123,402	e	Knightsbridge Tankers Ltd		1,092
	8,200	*	Konoike Transport Co Ltd		150
	11,986	*	Korea Line Corp		283
	166,168	*	Korean Air Lines Co Ltd		5,658
	79,059	e	Kuehne & Nagel International AG.		9,962
	512,138		Lan Airlines S.A.		5,866
	120,486		Landstar System, Inc		8,698
	226,300	e	Latam Airlines Group S.A. (ADR)		2,573
	152,843		Localiza Rent A Car		2,216
	66,600	*	Log-in Logistica Intermodal S.A.		147
	386,981		Macquarie Atlas Roads Group		974
	695,218		Malaysia Airports Holdings BHD		1,587
	5,690,900	*	Malaysian Airline System BHD		451
	339,300		Malaysian Bulk Carriers BHD		172
	83,344		Marten Transport Ltd		1,484
	42,000		Maruzen Showa Unyu Co Ltd		133
	239,440		Matson, Inc		5,993
	364,128		Mermaid Marine Australia Ltd		614
	2,648,544		MISC BHD		5,450
	24,349		Mitsubishi Logistics Corp		350
	1,327,358	e	Mitsui OSK Lines Ltd		4,241
	108,610		Mitsui-Soko Co Ltd		402
	2,276,240		MTR Corp		8,926
	1,383,752		Mundra Port and Special Economic Zone Ltd		6,203
	639,000	e	Nagoya Railroad Co Ltd		2,563
	82,500		Namyong Terminal PCL		41
	583,543		National Express Group plc		2,242
	284,656		Navios Maritime Holdings, Inc		1,708
	959,718	*,e	Neptune Orient Lines Ltd		699
	205,641		Nippon Express Co Ltd		861
	161,100		Nippon Konpo Unyu Soko Co Ltd		2,701
	1,657,669		Nippon Yusen Kabushiki Kaisha		4,371

170

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	119,000		Nissin Corp	$	312
	493,400		Nok Airlines PCL		240
	1,377,150		Norfolk Southern Corp		153,690
	300,412		Northgate plc		2,356
	27,927	*,e	Norwegian Air Shuttle AS		972
	105,942	e	Odakyu Electric Railway Co Ltd		969
	51,653		Oesterreichische Post AG.		2,477
	1,939,811	*,e	OHL Mexico SAB de CV		5,250
	409,531	*	Old Dominion Freight Line		28,929
	619,000	e	Orient Overseas International Ltd		3,422
	1,686,290	e	Pacific Basin Shipping Ltd		910
	13,684	*,e	PAM Transportation Services, Inc		496
	12,969	e	Panalpina Welttransport Holding AG.		1,628
	27,713		Park-Ohio Holdings Corp		1,326
	24,531	*,e	Patriot Transportation Holding, Inc		832
	7,222		Piraeus Port Authority		135
	479,600		Pos Malaysia & Services Holdings BHD		689
	550,600		Precious Shipping PCL		406
	608,332	*	Prumo Logistica S.A.		224
	12,753,500	*,m	PT Berlian Laju Tanker Tbk		0	^
	6,069,500		PT Cardig Aero Services Tbk		598
	9,565,200		PT Express Transindo Utama Tbk		1,044
	9,599,657	*	PT Garuda Indonesia Tbk		327
	3,939,202		PT Jasa Marga Tbk		2,090
	7,186,500	*	PT Nusantara Infrastructure Tbk		116
	7,139,000	*,m	PT Trada Maritime Tbk		811
	1,259,861	*	Qantas Airways Ltd		1,530
	2,140,972		QR National Ltd		8,481
	157,858	*	Quality Distribution, Inc		2,017
	1,081,713		Qube Logistics Holdings Ltd		2,363
	264,386	*	Republic Airways Holdings, Inc		2,937
	97,098	*	Roadrunner Transportation Services Holdings, Inc		2,213
	2,338,276		Royal Mail plc		14,814
	44,959		Ryanair Holdings plc		426
	307,089		Ryanair Holdings plc (ADR)		17,329
	835,757		Ryder System, Inc		75,193
	140,966		Safe Bulkers, Inc		939
	390,000		Sagami Railway Co Ltd		1,412
	84,673	*	Saia, Inc		4,196
	96	*,m	SAir Group		0	^
	470,000		Sankyu, Inc		2,512
	53,900		Santos Brasil Participacoes S.A.		365
	176,702	*,e	SAS AB		311
	22,774		SAVE S.p.A.		379
	498,986	*	Scorpio Bulkers, Inc		2,904
	7,680		Sebang Co Ltd		149
	553,287		Seino Holdings Corp		4,435
	328,000	e	Senko Co Ltd		1,425
	299,744		Shanghai Jinjiang International Investment Holdings Co		286
	141,400	m	Shenzhen Chiwan Petroleum		294
	181,100		Shenzhen Chiwan Wharf Holdings Ltd		307
	2,036,000		Shenzhen Expressway Co Ltd		1,369
	1,354,514		Shenzhen International Holdings Ltd		1,847
	40,000		Shibusawa Warehouse Co Ltd		124
	244,006		Shih Wei Navigation Co Ltd		164
	440,000		Shinwa Kaiun Kaisha Ltd		1,088
	1,441,097		Shun TAK Holdings Ltd		707

171

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,896,000		Sichuan Expressway Co Ltd	$	1,095
	324,000		Sincere Navigation		285
	229,590		Singapore Airlines Ltd		1,767
	670,000		Singapore Airport Terminal Services Ltd		1,605
	2,946,419		Singapore Post Ltd		4,143
	6,268,000	e	Sinotrans Ltd		4,549
	2,349,500	*,e	Sinotrans Shipping Ltd		653
	2,455,000		SITC International Co Ltd		1,199
	35,756		Sixt AG.		1,146
	49,251		Sixt AG. (Preference)		1,267
	38,727	*	Skymark Airlines, Inc		71
	188,583		Skywest, Inc		1,467
	736,000	e	SMRT Corp Ltd		894
	9,176,184		Sociedad Matriz SAAM S.A.		759
	67,760		Societa Iniziative Autostradali e Servizi S.p.A.		726
	3,167,868		Southwest Airlines Co		106,979
	302,214	*	Spirit Airlines, Inc		20,895
	962,275		Stagecoach Group plc		5,731
	391,850	e	Stobart Group Ltd		705
	28,652		Stolt-Nielsen S.A.		555
	69,600	e	Student Transportation, Inc		436
	132,767		Sumitomo Warehouse Co Ltd		701
	301,434	*	Swift Transportation Co, Inc		6,324
	1,375,880		Sydney Airport		5,137
	450,000		T.Join Transportation Co		589
	214,000		Taiwan Navigation Co Ltd		156
	667,880		TAV Havalimanlari Holding AS		5,362
	27,300		Tegma Gestao Logistica		199
	1,418,500		Thai Airways International PCL		623
	126,854		Thoresen Thai Agencies PCL		87
	237,800	*	Tianjin Marine Shipping Co Ltd		100
	4,532,000	e	Tianjin Port Development Holdings Ltd		850
	696,000	*,e	Tiger Airways Holdings Ltd		218
	447,245		TNT Express NV		2,821
	624,274	*	TNT NV		2,690
	616,629		Tobu Railway Co Ltd		3,101
	1,784,058		Tokyu Corp		11,692
	617,303		Toll Holdings Ltd		3,045
	96,500		TPI-Triunfo Participacoes e Investimentos S.A.		235
	6,400	*	Trancom Co Ltd		287
	208,000		Transasia Airways Corp		75
	417,314	e	TransForce, Inc		10,072
	1,401,497		Transurban Group		9,462
	293,886		Trencor Ltd		1,739
	1,247,478		Turk Hava Yollari		3,547
	2,257,233	*	UAL Corp		105,616
	73,249	*,e	Ultrapetrol Bahamas Ltd		229
	286,937		U-Ming Marine Transport Corp		437
	5,395,050		Union Pacific Corp		584,931
	1,866,787		United Parcel Service, Inc (Class B)		183,487
	30,872		Universal Truckload Services, Inc		749
	21,789	*,e	USA Truck, Inc		382
	591,923	e	UTI Worldwide, Inc		6,292
	1,220,317	*	Virgin Australia Holdings Ltd		406
	67,336	*,m	Virgin Australia Int Holdings		0	^
	33,585		VTG AG.		628

172

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,119,357		Wan Hai Lines Ltd	$	1,517
	152,478		Werner Enterprises, Inc		3,842
	181,957	*	Wesco Aircraft Holdings, Inc		3,166
	538,741		West Japan Railway Co		24,110
	150,900	e	Westshore Terminals Investment Corp		4,503
	90,619		Wilh. Wilhelmsen ASA		709
	568,787		Wisdom Marine Lines Co Ltd		662
	7,984,000		Xiamen International Port Co Ltd		1,838
	184,130	*,e	XPO Logistics, Inc		6,936
	55,031	e	Yamato Transport Co Ltd		1,025
	946,105	*	Yang Ming Marine Transport		412
	139,204	*,e	YRC Worldwide, Inc		2,829
	51,200		Yusen Air & Sea Service Co Ltd		541
	4,320,819		Zhejiang Expressway Co Ltd		4,390
			TOTAL TRANSPORTATION		3,646,087
UTILITIES - 2.9%
	3,575,175	e	A2A S.p.A.		3,534
	71,889	*	Abengoa Yield plc		2,558
	1,693,176		Aboitiz Power Corp		1,536
	26,582		Acciona S.A.		1,984
	136,144		ACEA S.p.A.		1,653
	78,161		Actelios S.p.A.		105
	1,418,961		AES Corp		20,121
	2,602,950		AES Gener S.A.		1,378
	111,633		AES Tiete S.A.		983
	348,364	*,m	AET&D Holdings No 1  Ptd Ltd		0	^
	958,174		AGL Energy Ltd		11,350
	405,360		AGL Resources, Inc		20,811
	2,926,671		Aguas Andinas S.A.		1,690
	275,162	*	Akenerji Elektrik Uretim AS		133
	130,967	*	Aker Solutions ASA		1,305
	207,912	*	Aksa Enerji Uretim AS		225
	169,725	e	Algonquin Power & Utilities Corp		1,341
	156,562		Allete, Inc		6,950
	292,763		Alliant Energy Corp		16,222
	104,800		Alupar Investimento S.A.		743
	305,192		Ameren Corp		11,698
	1,615,866		American Electric Power Co, Inc		84,364
	237,210		American States Water Co		7,216
	938,124		American Water Works Co, Inc		45,246
	621,688		APA Group		4,045
	139,029		Aqua America, Inc		3,271
	28,488		Artesian Resources Corp		574
	73,151		Ascopiave S.p.A.		166
	72,470		Atco Ltd		2,938
	90,900		Athens Water Supply & Sewage Co S.A.		839
	447,764	e	Atlantic Power Corp		1,066
	119,834	e	Atlantic Power Corp (Toronto)		287
	420,495		Atmos Energy Corp		20,058
	2,077,009		AusNet Services		2,478
	222,728	e	Avista Corp		6,800
	5,171,011	e	Beijing Enterprises Water Group Ltd		3,497
	15,068,500		Benpres Holdings Corp		2,181
	2,868,000		Binhai Investment Co Ltd		163

173

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	12,737	e	BKW S.A.	$	421
	160,614		Black Hills Corp		7,690
	19,995		Boralex, Inc		235
	209,931		California Water Service Group		4,711
	5,278,918	*	Calpine Corp		114,553
	113,401	e	Canadian Utilities Ltd		3,961
	158,400	e	Capital Power Corp		3,783
	3,902,450		Centerpoint Energy, Inc		95,493
	303,797		Centrais Eletricas Brasileiras S.A.		814
	260,779		Centrais Eletricas Brasileiras S.A. (Preference)		1,076
	16,900		Centrais Eletricas de Santa Catarina S.A.		102
	2,746,397		Centrica plc		13,688
	119,802		CESC Ltd		1,451
	204,604		CEZ AS		6,220
	53,063		Chesapeake Utilities Corp		2,211
	1,114,344		Cheung Kong Infrastructure Holdings Ltd		7,809
	2,912,000	e	China Datang Corp Renewable Power Co Ltd		382
	7,789,825		China Gas Holdings Ltd		12,927
	3,760,813		China Longyuan Power Group Corp		3,675
	5,160,000	e	China Oil and Gas Group Ltd		830
	10,360,000	e	China Power International Development Ltd		4,800
	5,140,000	*	China Power New Energy Development Co Ltd		327
	1,050,668		China Resources Gas Group Ltd		2,843
	5,446,899		China Resources Power Holdings Co		14,676
	1,128,000	*	China Ruifeng Renewable Energy Holdings Ltd		188
	423,000	*,e	China Tian Lun Gas Holdings Ltd		513
	1,082,000		China Water Affairs Group Ltd		479
	560,840	*	Chubu Electric Power Co, Inc		6,439
	499,056		Chugoku Electric Power Co, Inc		6,400
	366,670		Cia de Saneamento Basico do Estado de Sao Paulo		2,963
	61,865		Cia de Saneamento de Minas Gerais-COPASA		784
	22,000		Cia de Transmissao de Energia Electrica Paulista		321
	1,918,317		Cia Energetica de Minas Gerais		11,748
	212,687		Cia Energetica de Sao Paulo (Class B)		2,275
	20,704		Cia Energetica do Ceara		317
	417,071		Cia Paranaense de Energia		5,681
	221,443		Cleco Corp		10,662
	2,183,859		CLP Holdings Ltd		17,542
	950,361		CMS Energy Corp		28,188
	15,933,476		Colbun S.A.		4,091
	45,019		Connecticut Water Service, Inc		1,463
	434,841		Consolidated Edison, Inc		24,638
	2,660,023	e	Contact Energy Ltd		12,418
	263,566		CPFL Energia S.A.		2,058
	578,000	e	CT Environmental Group Ltd		494
	15,071,087		Datang International Power Generation Co Ltd		7,845
	1,934,382		Dominion Resources, Inc		133,646
	401,790	e	Drax Group plc		4,197
	411,903		DTE Energy Co		31,338
	3,970,134		DUET Group		8,440
	2,536,200		Duke Energy Corp		189,632
	365,841	*	Dynegy, Inc		10,558
	3,442,522		E.ON AG.		62,866
	7,115		E1 Corp		457
	268,200		Eastern Water Resources Development and Management PCL		90
	1,783,967		Edison International		99,759

174

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	631,220		EDP - Energias do Brasil S.A.	$	2,579
	150,872		El Paso Electric Co		5,514
	174,061		Electric Power Development Co		5,688
	931,108		Electricite de France		30,547
	56,408		Elia System Operator S.A.		2,709
	2,886,352	*,a,m	Emaar Malls Group PJSC		2,279
	185,232	e	Empire District Electric Co		4,473
	569,579		Empresa Electrica del Norte Grande S.A.		809
	4,138,273		Empresa Nacional de Electricidad S.A.		6,066
	587,694		Enagas		18,900
	666,046		Endesa S.A.		26,303
	208,389		Enea S.A.		1,020
	1,442,476		Enel Green Power S.p.A		3,682
	9,766,378		Enel S.p.A.		51,665
	18,900	*,e	Eneres Co Ltd		220
	1,082,449		Energa S.A.		7,847
	4,776,065	e	Energias de Portugal S.A.		20,827
	1,024,060	*	Energy World Corp Ltd		318
	31,758,750		Enersis S.A.		10,081
	465,526	*	Eneva S.A.		133
	520,043		Entergy Corp		40,215
	290,630		Equatorial Energia S.A.		2,945
	114,701		ERM Power Ltd		168
	49,565		EVN AG.		634
	4,607,865		Exelon Corp		157,082
	3,576,100		First Gen Corp		2,145
	594,190		First Philippine Holdings Corp		1,191
	837,392		FirstEnergy Corp		28,111
	417,683	e	Fortis, Inc		12,911
	448,706		Fortum Oyj		10,940
	502,244		GAIL India Ltd		3,645
	861,800		Gas Malaysia BHD		917
	1,050,209		Gas Natural SDG S.A.		30,894
	3,133,658		Gaz de France		78,594
	658,543		Glow Energy PCL (Foreign)		1,934
	96,692		Great Plains Energy, Inc		2,337
	325,000		Great Taipei Gas Co Ltd		252
	6,704,143		Guangdong Investments Ltd		7,837
	72,854		Gujarat Gas Co Ltd		586
	183,467		Gujarat State Petronet Ltd		278
	20,669		Hanjin Heavy Industries & Construction Holdings Co Ltd		192
	68,643	e	Hawaiian Electric Industries, Inc		1,822
	1,256,722		Hera S.p.A.		3,327
	316,700	*,e	Hokkaido Electric Power Co, Inc		2,572
	374,790		Hokuriku Electric Power Co		4,924
	5,308,903		Hong Kong & China Gas Ltd		11,514
	2,765,819		Hong Kong Electric Holdings Ltd		24,446
	914,730	*,m	Huadian Energy Co Ltd		357
	10,112,000	e	Huadian Fuxin Energy Corp Ltd		5,924
	3,484,000		Huadian Power International Co		2,456
	10,906,200		Huaneng Power International, Inc		11,893
	15,154,000	e	Huaneng Renewables Corp Ltd		4,966
	500,000	e	Hyflux Ltd		414
	8,646,569		Iberdrola S.A.		61,805
	183,666		Idacorp, Inc		9,846
	15,894		IDGC Holding JSC (GDR)		48

175

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	71,572	*	Indiabulls Infrastructure and Power Ltd	$	5
	63,672		Indraprastha Gas Ltd		431
	233,052		Infinis Energy plc		831
	1,814,206		Infratil Ltd		4,008
	210,823	e	Innergex Renewable Energy, Inc		1,973
	74,733		Integrys Energy Group, Inc		4,844
	614,976		Interconexion Electrica S.A.		2,812
	903,898		Inversiones Aguas Metropolitanas S.A.		1,381
	554,950		Iride S.p.A.		696
	845,851		Isagen S.A. ESP		1,149
	140,358		ITC Holdings Corp		5,001
	697,041	*	Jaiprakash Power Ventures Ltd		140
	347,525	e	Just Energy Income Fund		1,614
	13,500	*	K&O Energy Group, Inc		176
	1,700,604	*	Kansai Electric Power Co, Inc		16,069
	3,827		Korea District Heating Corp		236
	404,296		Korea Electric Power Corp		18,376
	27,362		Korea Gas Corp		1,425
	3,902		KyungDong City Gas Co Ltd		453
	355,605	*	Kyushu Electric Power Co, Inc		3,833
	150,300		Laclede Group, Inc		6,974
	401,000		Light S.A.		3,388
	212,771	e	Macquarie Power & Infrastructure Income Fund		788
	2,059,700		Manila Water Co, Inc		1,354
	310,445		MDU Resources Group, Inc		8,633
	1,436,955		Meridian Energy Ltd		1,604
	139,164		MGE Energy, Inc		5,185
	60,809		Middlesex Water Co		1,192
	1,174,989		Mighty River Power Ltd		2,353
	119,985		National Fuel Gas Co		8,398
	5,691,225		National Grid plc		81,811
	193,797		New Jersey Resources Corp		9,789
	2,144,395		NextEra Energy, Inc		201,316
	517,065		NiSource, Inc		21,189
	589,189		Northeast Utilities		26,101
	98,059	e	Northland Power Income Fund		1,515
	101,962	e	Northwest Natural Gas Co		4,308
	144,492		NorthWestern Corp		6,554
	2,352,534		NRG Energy, Inc		71,705
	688,737	e	NRG Yield, Inc		32,405
	2,275,238		NTPC Ltd		5,109
	651,031		OGE Energy Corp		24,160
	121,500		Okinawa Electric Power Co, Inc		3,761
	202,081		ONE Gas, Inc		6,921
	60,910	e	Ormat Technologies, Inc		1,600
	3,146,440		Osaka Gas Co Ltd		12,634
	133,759		Otter Tail Corp		3,567
	117,194	e	Pattern Energy Group, Inc		3,624
	716,454		Pennon Group plc		9,156
	154,764		Pepco Holdings, Inc		4,141
	1,466,200		Petronas Gas BHD		10,267
	1,414,379		PG&E Corp		63,704
	335,946		Piedmont Natural Gas Co, Inc		11,264
	295,447		Pinnacle West Capital Corp		16,143
	290,358		PNM Resources, Inc		7,233
	10,591,708		PNOC Energy Development Corp		1,909

176

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,527,975		Polska Grupa Energetyczna S.A.	$	9,653
	283,844	e	Portland General Electric Co		9,117
	2,031,089		Power Grid Corp of India Ltd		4,438
	1,967,428		PPL Corp		64,610
	25,109,000		PT Perusahaan Gas Negara Persero Tbk		12,333
	541,768		PTC India Ltd		746
	320,162		Public Power Corp		3,800
	1,439,524		Public Service Enterprise Group, Inc		53,608
	184,400		Puncak Niaga Holding BHD		188
	33,890		Qatar Electricity & Water Co		1,768
	120,370		Questar Corp		2,683
	81,868		Red Electrica de Espana		7,086
	702,115		Redes Energeticas Nacionais S.A.		2,366
	396,546		Reliance Energy Ltd		3,742
	823,468	*	Reliance Power Ltd		934
	33,484	e	Rubis		1,929
	1,445,512		RusHydro (ADR)		2,589
	591,392		RWE AG.		23,017
	551		RWE AG. (Preference)		17
	8,904		Samchully Co Ltd		1,282
	172,347		SCANA Corp		8,550
	1,136,043		Scottish & Southern Energy plc		28,447
	35,703		Sechilienne-Sidec		876
	1,812,261		Sempra Energy		190,976
	365,045		Severn Trent plc		11,091
	130,478	*	Shikoku Electric Power Co, Inc		1,674
	112,900		Shizuoka Gas Co Ltd		751
	63,296	e	SJW Corp		1,701
	4,390,355		Snam Rete Gas S.p.A.		24,243
	119,084		South Jersey Industries, Inc		6,354
	789,567		Southern Co		34,465
	170,589		Southwest Gas Corp		8,287
	1,358,509		Spark Infrastructure Group		2,188
	426,900		SPCG PCL		335
	875,342		Suez Environnement S.A.		14,806
	288,734	e	Superior Plus Corp		3,638
	501,450		Taiwan Cogeneration Corp		364
	1,344,645		Tata Power Co Ltd		1,800
	2,168,421		Tauron Polska Energia S.A.		3,508
	157,627	e	TECO Energy, Inc		2,740
	167,233		Telecom Plus plc		3,619
	3,543,518		Tenaga Nasional BHD		13,381
	88,232		Terna Energy S.A.		350
	266,845		Terna Rete Elettrica Nazionale S.p.A.		1,339
	58,893	*	TerraForm Power, Inc		1,700
	2,373,200		Thai Tap Water Supply PCL		877
	750,000		Tianjin Jinran Public Utilities Co Ltd		149
	385,223	e	Toho Gas Co Ltd		2,169
	930,932		Tohoku Electric Power Co, Inc		10,580
	1,240,109	*	Tokyo Electric Power Co, Inc		4,342
	6,045,967		Tokyo Gas Co Ltd		33,973
	113,557		Torrent Power Ltd		249
	1,074,000	e	Towngas China Co Ltd		1,150
	181,219		Tractebel Energia S.A.		2,548
	391,640	e	TransAlta Corp		4,109
	67,900	e	TransAlta Renewables, Inc		703

177

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	98,621		Transmissora Alianca de Energia Eletrica S.A.	$	788
	972,915		UGI Corp		33,167
	251,554		UIL Holdings Corp		8,905
	700,336		United Utilities Group plc		9,148
	61,381		Unitil Corp		1,908
	21,426		VA Tech Wabag Ltd		586
	49,400		Valener, Inc		693
	260,879		Vectren Corp		10,409
	563,053		Veolia Environnement		9,928
	354,683	e	Westar Energy, Inc		12,102
	189,774		WGL Holdings, Inc		7,993
	222,273	e	Wisconsin Energy Corp		9,558
	1,106,476		Xcel Energy, Inc		33,637
	933,800	e	Xinao Gas Holdings Ltd		6,110
	4,770		YESCO Co Ltd		176
	43,546	e	York Water Co		871
	8,805,086		YTL Corp BHD		4,509
	2,900,544	*	YTL Power International BHD		1,450
	86,072	*	Zalando SE		2,337
	16,000		Zespol Elektrowni Patnow Adamow Konin S.A.		144
	259,645	*	Zorlu Enerji Elektrik Uretim AS		162
			TOTAL UTILITIES		3,552,186
			TOTAL COMMON STOCKS		123,650,251
			(Cost $108,208,792)
PURCHASED OPTIONS - 0.0%
ENERGY - 0.0%
	5,000		Exxon Mobil Corp		1
			TOTAL ENERGY		1
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	1,200		Salix Pharmaceuticals Ltd		2
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2
SOFTWARE & SERVICES - 0.0%
	4,000		Facebook, Inc		3
	1,000		Google, Inc		0	^
	5,000		Yahoo!, Inc		2
			TOTAL SOFTWARE & SERVICES		5
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	5,000		Apple, Inc		1
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1
			TOTAL PURCHASED OPTIONS		9
			(Cost $20)
PREFERRED STOCKS - 0.0%
BANKS - 0.0%
	6,066,327	*	ITAUSA Investimentos Itau PR		22,974
			TOTAL BANKS		22,974
CAPITAL GOODS - 0.0%
	17,747		Villeroy & Boch AG		280
			TOTAL CAPITAL GOODS		280

178

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
DIVERSIFIED FINANCIALS - 0.0%
	300,000		Daishin Securities Co Ltd Pref 2	$	1,871
			TOTAL DIVERSIFIED FINANCIALS		1,871
MEDIA - 0.0%
	218,862	*	Zee Entertainment Enterprises Ltd		3
			TOTAL MEDIA		3
REAL ESTATE - 0.0%
	8,497,223	*,m	Ayala Land, Inc (Preferred B)		19
			TOTAL REAL ESTATE		19
			TOTAL PREFERRED STOCKS		25,147
			(Cost $29,355)
RIGHTS / WARRANTS - 0.0%
AUTOMOBILES & COMPONENTS - 0.0%
	196,618	e,m	Fiat S.p.A		0	^
			TOTAL AUTOMOBILES & COMPONENTS		0	^
BANKS - 0.0%
	2,728,805		Banco Bilbao Vizcaya Argentaria S.A.		272
	439,501		Banco Popular Espanol S.A.		6
	768,578		Piraeus Bank S.A.		414
			TOTAL BANKS		692
CAPITAL GOODS - 0.0%
	82,398	m	Mota-Engil Africa		42
	2,046,678		Yuexiu Property Co Ltd		32
			TOTAL CAPITAL GOODS		74
ENERGY - 0.0%
	64,082	m	Magnum Hunter Resources Corp		0	^
			TOTAL ENERGY		0	^
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	197,908		Community Health Systems, Inc		6
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		6
MATERIALS - 0.0%
	7,980,890		Arrium Ltd		7
	28,291	e	SGL Carbon SE		30
			TOTAL MATERIALS		37
MEDIA - 0.0%
	2,664	m	Woongjin Thinkbig Co Ltd		3
			TOTAL MEDIA		3
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	13,858	e	Cubist Pharmaceuticals, Inc		1
	228,016	m	Trius Therapeutics, Inc		30
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		31

179

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

							VALUE
SHARES			COMPANY				(000)
REAL ESTATE - 0.0%
	14,104		Africa Israel Investments Ltd				$	1
	1,611,837	m	Agile Property Holdings Ltd					159
	4,761,352	m	BGP Holdings plc					0	^
	363,062		Country Garden Holdings Co Ltd					21
	171,073		Immobiliare Grande Distribuzione					37
	307,001	e	Kungsleden AB					111
	113,255,000	m	Natural Park PCL					52
	149,375	m	Six of October Development & Investment					293
	259,050	e	Sun Hung Kai Properties Ltd					433
	555		Tejon Ranch Co					1
			TOTAL REAL ESTATE					1,108
RETAILING - 0.0%
	999,033	m	Country Group Development PCL					3
			TOTAL RETAILING					3
SOFTWARE & SERVICES - 0.0%
	967,714	m	Mono Technology PCL					50
			TOTAL SOFTWARE & SERVICES					50
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	3,829	m	Hansol Technics Co Ltd					5
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					5
TELECOMMUNICATION SERVICES - 0.0%
	196,024	m	Leap Wireless International, Inc					494
	180,474	m	Telefonica Deutschland Holding AG.					203
			TOTAL TELECOMMUNICATION SERVICES					697
UTILITIES - 0.0%
	77,180	m	AGL Energy Ltd					193
			TOTAL UTILITIES					193
			TOTAL RIGHTS / WARRANTS					2,899
			(Cost $1,972)
						MATURITY
PRINCIPAL			ISSUER	RATE		DATE
SHORT-TERM INVESTMENTS - 4.9%
GOVERNMENT AGENCY DEBT - 0.1%
$	42,583,000		Federal Home Loan Bank (FHLB)	0.040	%	10/15/14		42,582
	30,000,000		FHLB	0.070		10/22/14		29,999
	10,130,000		FHLB	0.042		10/29/14		10,130
	34,600,000		FHLB	0.075		01/28/15		34,598
	30,000,000		Federal National Mortgage Association (FNMA)	0.080		05/01/15		29,992
			TOTAL GOVERNMENT AGENCY DEBT					147,301
TREASURY DEBT - 0.4%
	5,900,000		United States Treasury Bill	0.056		12/18/14		5,900
	13,000,000		United States Treasury Bill	0.025		12/26/14		13,000
	20,000,000		United States Treasury Bill	0.040		03/12/15		19,997
	2,800,000	d	United States Treasury Bill	0.095		05/28/15		2,799
	50,000,000		United States Treasury Bill	0.040		06/25/15		49,982

180

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	50,000,000		United States Treasury Bill	0.051	%	07/23/15	$	49,977
	178,000,000	d	United States Treasury Bill	0.061-0.091		08/20/15		177,880
	176,000,000		United States Treasury Bill	0.090-0.103		09/17/15		175,833
			TOTAL TREASURY DEBT					495,368
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 4.4%
CERTIFICATE OF DEPOSIT - 0.7%
	275,000,000		Bank of Montreal	0.010		10/01/14		275,000
	275,000,000		CIBC Bank and Trust Co	0.010		10/01/14		275,000
	275,000,000		National Australia Bank Ltd	0.010		10/01/14		275,000
			TOTAL CERTIFICATE OF DEPOSIT					825,000
REPURCHASE AGREEMENT - 3.3%
	500,000,000	i,n	Barclays	0.000		10/01/14		500,000
	175,000,000	i,o	Barclays	0.000		10/01/14		175,000
	121,000,000	p	BNP	0.000		10/01/14		121,000
	650,000,000	q	Calyon	0.010		10/01/14		650,000
	200,000,000	r	Calyon	0.010		10/01/14		200,000
	50,000,000	i,s	Citigroup	0.000		10/01/14		50,000
	152,000,000	i,t	Citigroup	0.000		10/01/14		152,000
	100,000,000	u	Citigroup	0.040		10/03/14		100,000
	100,000,000	v	Goldman Sachs	0.040		10/02/14		100,000
	500,000,000	w	HSBC	0.030		10/02/14		500,000
	467,000,000	x	Merrill Lynch	0.000-0.344		10/01/14		467,000
	700,000,000	y	Royal Bank of Scotland	0.040		10/01/14		700,000
	367,000,000	i,z	Societe Generale	0.000		10/01/14		367,000
			TOTAL REPURCHASE AGREEMENT					4,082,000
TREASURY DEBT - 0.2%
	250,000,000		United States Treasury Bill	0.040		10/16/14		249,996
			TOTAL TREASURY DEBT					249,996
VARIABLE RATE SECURITIES - 0.2%
	8,484,121	i	Granite Master Issuer plc 2006	0.031		12/20/50		8,443
	6,708,375	i	Granite Master Issuer plc 2007	0.020		12/20/50		6,673
	4,179,718	i	Medallion Trust 2005	0.030		08/22/36		4,177
	7,316,400	i	Puma Finance Ltd	0.027		02/21/38		7,246
	170,000,000	i	SLM Student Loan Trust 2007	0.118		01/25/19		168,685
	11,244,630	i	SLM Student Loan Trust 2008	0.584		10/25/16		11,245
			TOTAL VARIABLE RATE SECURITIES					206,469
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED					5,363,465
			TOTAL SHORT-TERM INVESTMENTS					6,006,134
			(Cost $6,006,925)
			TOTAL INVESTMENTS - 104.3%					129,688,633
			(Cost $114,251,418)
			OTHER ASSETS & LIABILITIES, NET - (4.3)%					(5,319,878	)
			NET ASSETS - 100.0%				$	124,368,755

	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

181

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

*	Non-income producing
^	Amount represents less than $1,000.
a	Affiliated holding
b	In bankruptcy
d	All or a portion of these securities have been segregated to cover margin 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 $5,429,832,000.
f	Restricted security. At 09/30/2014, the aggregate value of these securities amounted to $216,000 or 0.0% of net assets.
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, 0.000% dated 09/30/14 to be repurchased at $500,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $546,177,000.
o	Agreement with Barclays, 0.000% dated 09/30/14 to be repurchased at $175,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $178,500,000.
p	Agreement with BNP, 0.000% dated 09/30/14 to be repurchased at $121,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $123,420,000.
q	Agreement with Calyon, 0.010-0.050% dated 09/30/14 to be repurchased at $650,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $663,000,000.
r	Agreement with Calyon, 0.010% dated 09/30/14 to be repurchased at $200,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $204,000,000.
s	Agreement with Citigroup, 0.000% dated 09/30/14 to be repurchased at $50,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $51,000,000.
t	Agreement with Citigroup, 0.000% dated 09/30/14 to be repurchased at $152,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $155,040,000.
u	Agreement with Citigroup, 0.040% dated 09/30/14 to be repurchased at $100,000,000 on 10/03/14, collateralized by U.S. Government Agency Securities valued at $102,000,000.
v	Agreement with Goldman Sachs, 0.040% dated 09/30/14 to be repurchased at $100,000,000 on 10/02/14, collateralized by U.S. Government Agency Securities valued at $102,000,000.
w	Agreement with HSBC, 0.030% dated 09/30/14 to be repurchased at $500,000,000 on 10/02/14, collateralized by U.S. Government Agency Securities valued at $504,002,000.
x	Agreement with Merrill Lynch, 0.000-0.020% dated 09/30/14 to be repurchased at $467,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $476,340,000.
y	Agreement with Royal Bank of Scotland, 0.040% dated 09/30/14 to be repurchased at $700,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $714,001,000.
z	Agreement with Societe Generale, 0.000% dated 09/30/14 to be repurchased at $367,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $374,340,000.
	Cost amounts are in thousands.

182

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)

September 30, 2014

	Value		% of total
Country	(000)		portfolio
DOMESTIC
UNITED STATES	$	91,885,503		71.2	%
TOTAL DOMESTIC		91,885,503		71.2
FOREIGN
ARGENTINA		2,540		0.0
AUSTRALIA		1,716,547		1.3
AUSTRIA		119,424		0.1
BAHAMAS		229		0.0
BELGIUM		252,651		0.2
BERMUDA		52,361		0.0
BRAZIL		782,914		0.6
CANADA		2,988,759		2.3
CAYMAN ISLANDS		2,089		0.0
CHILE		109,534		0.1
CHINA		1,645,095		1.3
COLOMBIA		82,434		0.1
CYPRUS		126		0.0
CZECH REPUBLIC		22,640		0.0
DENMARK		404,536		0.3
EGYPT		34,296		0.0
FAROE ISLANDS		1,353		0.0
FINLAND		283,754		0.2
FRANCE		2,737,054		2.1
GEORGIA		3,794		0.0
GERMANY		2,048,960		1.6
GIBRALTAR		1,040		0.0
GREECE		185,821		0.1
HONG KONG		972,930		0.8
HUNGARY		9,672		0.0
INDIA		704,002		0.5
INDONESIA		225,417		0.2
IRELAND		341,345		0.3
ISLE OF MAN		6,645		0.0
ISRAEL		171,677		0.1
ITALY		688,909		0.5
JAPAN		5,620,517		4.3
JERSEY, C.I.		16,462		0.0
KOREA, REPUBLIC OF		1,266,204		1.0
LUXEMBOURG		47,696		0.0
MACAU		10,713		0.0
MALAYSIA		294,636		0.2
MALTA		3,337		0.0
MEXICO		439,302		0.3
MONACO		8,704		0.0

183

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

	Value		% of total
Country	(000)		portfolio
NETHERLANDS	$	1,250,731		1.0	%
NEW ZEALAND		88,935		0.1
NORWAY		253,727		0.2
PANAMA		18,507		0.0
PERU		18,652		0.0
PHILIPPINES		122,245		0.1
POLAND		129,480		0.1
PORTUGAL		53,919		0.0
PUERTO RICO		10,560		0.0
QATAR		39,261		0.0
ROMANIA		1,025		0.0
RUSSIA		310,235		0.2
SINGAPORE		510,360		0.4
SOUTH AFRICA		602,622		0.5
SPAIN		616,467		0.5
SRI LANKA		2,181		0.0
SWEDEN		736,035		0.6
SWITZERLAND		2,258,513		1.7
TAIWAN		1,074,054		0.8
THAILAND		234,651		0.2
TURKEY		134,956		0.1
UKRAINE		431		0.0
UNITED ARAB EMIRATES		59,800		0.0
UNITED KINGDOM		4,966,736		3.8
VIRGIN ISLANDS, U.S.		2,928		0.0
TOTAL FOREIGN		37,803,130		28.8
TOTAL PORTFOLIO	$	129,688,633		100.0	%

184

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND

GLOBAL EQUITIES ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

				VALUE
SHARES			COMPANY	(000)
COMMON STOCKS - 98.9%
AUSTRALIA - 1.9%
	147,065		AGL Energy Ltd	$	1,742
	35,283		ALS Ltd		162
	809,868	*	Alumina Ltd		1,200
	439,328		Amcor Ltd		4,352
	882,735		AMP Ltd		4,210
	75,205		APA Group		489
	208,159		Asciano Group		1,100
	155,762		AusNet Services		186
	1,093,405		Australia & New Zealand Banking Group Ltd		29,557
	48,483		Australian Stock Exchange Ltd		1,521
	33,005		Bank of Queensland Ltd		336
	39,513		Bendigo Bank Ltd		412
	2,049,603		BHP Billiton Ltd		60,409
	905,592		BHP Billiton plc		25,049
	126,480	*	BlueScope Steel Ltd		599
	71,763		Boral Ltd		312
	360,519		Brambles Ltd		2,999
	12,304		Caltex Australia Ltd		301
	194,657		CFS Gandel Retail Trust		340
	1,000,000		Challenger Financial Services Group Ltd		6,223
	157,143		Coca-Cola Amatil Ltd		1,206
	5,267	e	Cochlear Ltd		320
	356,936		Commonwealth Bank of Australia		23,502
	128,027		Computershare Ltd		1,361
	395,595		Crown Ltd		4,777
	125,704		CSL Ltd		8,149
	486,813		DB RREEF Trust		473
	71,811		DuluxGroup Ltd		349
	10,261,697		Echo Entertainment Group Ltd		29,408
	126,744		Federation Centres		286
	4,923	e	Flight Centre Ltd		184
	140,054	e	Fortescue Metals Group Ltd		426
	154,284		GPT Group (ASE)		523
	43,641	e	Harvey Norman Holdings Ltd		139
	38,723	e	Iluka Resources Ltd		266
	248,462		Incitec Pivot Ltd		589
	562,209		Insurance Australia Group Ltd		3,013
	2,993,669		John Fairfax Holdings Ltd		2,026
	42,515	e	Leighton Holdings Ltd		719
	169,587		Lend Lease Corp Ltd		2,129
	157,970		Macquarie Goodman Group		714
	102,435		Macquarie Group Ltd		5,154
	80,048		Metcash Ltd		184
	1,011,157		Mirvac Group		1,521

185

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	968,697		National Australia Bank Ltd	$	27,553
	454,954	*	Newcrest Mining Ltd		4,181
	321,889	e	OneSteel Ltd		103
	100,578		Orica Ltd		1,660
	327,297		Origin Energy Ltd		4,280
	328,034		Orora Ltd		470
	72,671		Oxiana Ltd		246
	94,029	*	Qantas Airways Ltd		114
	420,988		QBE Insurance Group Ltd		4,287
	192,044		QR National Ltd		761
	11,999		Ramsay Health Care Ltd		526
	4,838		REA Group Ltd		183
	43,305		Recall Holdings Ltd		213
	253,935		Santos Ltd		3,037
	3,521,466	*	Scentre Group		10,132
	29,857	e	Seek Ltd		422
	39,943		Shopping Centres Australasia Property Group		59
	34,654		Sonic Healthcare Ltd		532
	722,287		Stockland Trust Group		2,495
	402,044		Suncorp-Metway Ltd		4,942
	170,948		Sydney Airport		638
	68,190		Tabcorp Holdings Ltd		216
	129,482		Tattersall’s Ltd		357
	1,394,265		Telstra Corp Ltd		6,469
	224,907		Toll Holdings Ltd		1,109
	24,671		TPG Telecom Ltd		148
	360,611		Transurban Group		2,435
	58,657		Treasury Wine Estates Ltd		217
	332,499		Wesfarmers Ltd		12,253
	1,912,198		Westfield Corp		12,460
	623,081		Westpac Banking Corp		17,492
	195,785		Woodside Petroleum Ltd		6,952
	314,281		Woolworths Ltd		9,411
	33,270		WorleyParsons Ltd		446
			TOTAL AUSTRALIA		365,716
AUSTRIA - 0.1%
	99,203		Andritz AG.		5,282
	16,787		Erste Bank der Oesterreichischen Sparkassen AG.		383
	65,989	*,m	Immoeast AG.		0	^
	52,685	*	Immofinanz Immobilien Anlagen AG.		150
	170,000		Oesterreichische Post AG.		8,153
	8,488		OMV AG.		285
	6,130		Raiffeisen International Bank Holding AG.		133
	5,412	e	Telekom Austria AG.		49
	6,375		Voestalpine AG.		252
	2,601		Wiener Staedtische Allgemeine Versicherung AG.		117
			TOTAL AUSTRIA		14,804
BELGIUM - 0.5%
	12,875		Ageas		427
	148,254		Anheuser-Busch InBev NV (ADR)		16,434

186

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	31,925	*,m	Anheuser-Busch InBev NV (Strip VVPR)	$	0	^
	579,721		Arseus NV		28,048
	8,371		Belgacom S.A.		291
	4,214	e	Colruyt S.A.		186
	5,756	e	Delhaize Group		400
	4,594		Groupe Bruxelles Lambert S.A.		421
	477	*,m	Groupe Bruxelles Lambert S.A. - (Strip VVPR)		0	^
	160,748		InBev NV		17,827
	14,241	*	KBC Groep NV		756
	3,387		Solvay S.A.		520
	3,015		Telenet Group Holding NV		173
	253,721		UCB S.A.		22,990
	6,243		Umicore		272
			TOTAL BELGIUM		88,745
BERMUDA - 0.0%
	55,000		Teekay Corp		3,650
			TOTAL BERMUDA		3,650
BRAZIL - 0.1%
	734,600		Banco Itau Holding Financeira S.A.		10,165
	244,700		Cia Brasileira de Distribuicao Grupo Pao de Acucar		10,682
	464,200		Totvus S.A.		7,060
			TOTAL BRAZIL		27,907
CANADA - 3.8%
	104,309		Agnico-Eagle Mines Ltd		3,017
	28,562	e	Agrium, Inc		2,539
	870,836		Alimentation Couche Tard, Inc		27,845
	61,623	e	AltaGas Income Trust		2,602
	373,031	e	ARC Resources Ltd		9,842
	12,435		Atco Ltd		504
	36,727	*,e	Athabasca Oil Corp		188
	215,868		Bank of Montreal		15,888
	65,000	*	Bank of Montreal		4,785
	392,961	e	Bank of Nova Scotia		24,305
	497,142		Barrick Gold Corp (Canada)		7,311
	84,668	e	Baytex Energy Trust		3,202
	192,049	e	BCE, Inc		8,212
	257,600	*,e	Blackberry Ltd (New)		2,567
	166,214	e	Bombardier, Inc		559
	139,092		Brookfield Asset Management, Inc		6,245
	130,568		CAE, Inc		1,583
	194,267	e	Cameco Corp (Toronto)		3,428
	136,338	e	Canadian Imperial Bank of Commerce/Canada		12,245
	649,321	e	Canadian National Railway Co		46,098
	548,659	e	Canadian Natural Resources Ltd (Canada)		21,315
	219,103	e	Canadian Oil Sands Trust		4,042
	129,151	e	Canadian Pacific Railway Ltd (Toronto)		26,803
	65,613		Canadian Tire Corp Ltd		6,723
	20,110		Canadian Utilities Ltd		702
	200,000	*	Canfor Corp		4,479

187

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	390,000	*	Celestica, Inc	$	3,952
	278,964		Cenovus Energy, Inc (Toronto)		7,505
	27,337	*	CGI Group, Inc		924
	25,001	e	CI Financial Corp		754
	87,540	e	Crescent Point Energy Corp		3,159
	190,993		Dollarama, Inc		16,201
	384,938		Eldorado Gold Corp		2,595
	275,000	*	Element Financial Corp		3,335
	8,329		Empire Co Ltd		579
	225,957		Enbridge, Inc		10,816
	164,471		EnCana Corp		3,492
	22,698	e	Enerplus Resources Fund		431
	4,329		Fairfax Financial Holdings Ltd		1,940
	82,036		Finning International, Inc		2,314
	40,459		First Capital Realty, Inc		633
	215,488		First Quantum Minerals Ltd		4,160
	94,433	e	Fortis, Inc		2,919
	47,423		Franco-Nevada Corp		2,328
	5,181		George Weston Ltd		408
	13,671		Gildan Activewear, Inc		748
	220,481		Goldcorp, Inc		5,083
	121,537		Great-West Lifeco, Inc		3,495
	69,136		H&R Real Estate Investment Trust		1,349
	152,747	e	Husky Energy, Inc		4,193
	15,966	e	IGM Financial, Inc		689
	118,636		Imperial Oil Ltd		5,605
	44,766		Industrial Alliance Insurance and Financial Services, Inc		1,853
	20,425		ING Canada, Inc		1,322
	203,274	e	Inter Pipeline Ltd		6,598
	31,278	e	Keyera Corp		2,520
	494,104	*	Kinross Gold Corp		1,641
	130,000		Linamar Corp		6,709
	40,676		Loblaw Cos Ltd		2,036
	80,015	e	Magna International, Inc (Class A)		7,595
	80,000		Magna International, Inc (Class A) (NY)		7,593
	637,909	e	Manulife Financial Corp		12,269
	16,806	*	MEG Energy Corp		516
	95,844		Methanex Corp		6,398
	124,707	e	Metro, Inc		8,340
	82,062		National Bank of Canada		3,739
	237,457	*	New Gold, Inc		1,202
	17,158		Onex Corp		955
	162,934	e	Open Text Corp		9,013
	67,677	e	Pembina Pipeline Income Fund		2,851
	103,927	e	Pengrowth Energy Trust		545
	56,870	e	Penn West Energy Trust		385
	567,188	e	Peyto Exploration & Development Corp		17,898
	301,231	e	Potash Corp of Saskatchewan		10,431
	154,134	e	Power Corp Of Canada		4,277
	104,576	e	Power Financial Corp		3,199
	82,376		RioCan Real Estate Investment Trust		1,888
	75,734	e	Rogers Communications, Inc (Class B)		2,835

188

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	904,168		Royal Bank of Canada (Toronto)	$	64,627
	91,638		Saputo, Inc		2,564
	60,789	e	Shaw Communications, Inc (B Shares)		1,490
	48,805		Silver Wheaton Corp		974
	30,474		SNC-Lavalin Group, Inc		1,403
	148,808		Sun Life Financial, Inc		5,395
	927,146		Suncor Energy, Inc		33,553
	2,051,000		Talisman Energy, Inc		17,741
	765,182		Talisman Energy, Inc (Toronto)		6,620
	108,466		Teck Cominco Ltd		2,054
	103,401		TELUS Corp		3,531
	59,573		Tim Hortons, Inc (Toronto)		4,691
	1,416,184		Toronto-Dominion Bank		69,889
	198,692	*	Tourmaline Oil Corp		8,805
	123,855	e	TransAlta Corp		1,299
	344,417	e	TransCanada Corp		17,738
	503,865	e	TransForce, Inc		12,161
	295,389	*	Turquoise Hill Resources Ltd		1,110
	54,084	e	Vermilion Energy, Inc		3,292
	180,000		Westjet Airlines Ltd		5,034
	460,523	e	Yamana Gold, Inc		2,763
			TOTAL CANADA		727,978
CHINA - 1.0%
	2,712,000	e	Agile Property Holdings Ltd		1,665
	794,000		Agricultural Bank of China		351
	158,901	*	Alibaba Group Holding Ltd (ADR)		14,118
	2,708,700		Bank of Communications Co Ltd		1,887
	1,122,000		China Aoyuan Property Group Ltd		181
	22,757,800		China Everbright International Ltd		30,091
	4,100,000	e	China Medical System Holdings Ltd		7,012
	1,119,500		China Merchants Bank Co Ltd		1,911
	3,875,000	*,e	China Modern Dairy Holdings		1,790
	1,300,255	*	China New Town Development Co Ltd		66
	900	e	China South Locomotive and Rolling Stock Corp		1
	2,738,000		China State Construction International Holdings Ltd		4,070
	561,400	*	China Vanke Co Ltd		987
	7,000,000	e	Chongqing Rural Commercial Bank		3,170
	203,000		CNOOC Ltd		350
	7,000,000		Datang International Power Generation Co Ltd		3,644
	1,450,000		Great Wall Motor Co Ltd		5,619
	10,000,000		Huadian Fuxin Energy Corp Ltd		5,858
	7,000,000		Huadian Power International Co		4,934
	4,000,000		Huaneng Power International, Inc		4,362
	16,910,000		Huaneng Renewables Corp Ltd		5,542
	8,556,000		Industrial & Commercial Bank of China		5,348
	684,063	*,e	JD.com, Inc (ADR)		17,663
	1,016,999		KWG Property Holding Ltd		712
	7,070,000		Sihuan Pharmaceutical Holdings		5,295
	2,355,911		Sino-Ocean Land Holdings Ltd		1,239
	9,000,000		Sinotrans Ltd		6,532
	2,775,000		Tencent Holdings Ltd		41,296

189

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	950,000	e	Xinao Gas Holdings Ltd	$	6,216
	170,749	e	Yangzijiang Shipbuilding		158
	3,057,000	e	Yanlord Land Group Ltd		2,572
			TOTAL CHINA		184,640
COLOMBIA - 0.0%
	182,351	*,e	Grupo Aval Acciones y Valores (ADR)		2,471
	170,470	e	Pacific Rubiales Energy Corp (Toronto)		2,858
			TOTAL COLOMBIA		5,329
DENMARK - 0.6%
	2,505		AP Moller - Maersk AS (Class A)		5,778
	406		AP Moller - Maersk AS (Class B)		962
	6,148		Carlsberg AS (Class B)		546
	203,300		Christian Hansen Holding		7,848
	6,290		Coloplast AS		526
	490,155		Danske Bank AS		13,287
	10,365		DSV AS		291
	300,000		GN Store Nord		6,604
	220,000		H Lundbeck AS		4,913
	1,095,112		Novo Nordisk AS		52,140
	13,814		Novozymes AS		598
	106,309		Pandora AS		8,300
	746,442		TDC AS		5,655
	300,000	*	Topdanmark AS		9,077
	1,329		TrygVesta AS		138
	12,641	*	Vestas Wind Systems AS		493
	1,342	*	William Demant Holding		103
			TOTAL DENMARK		117,259
FINLAND - 0.6%
	196,564		Elisa Oyj (Series A)		5,207
	25,374		Fortum Oyj		619
	17,904	e	Kone Oyj (Class B)		717
	6,388		Metso Oyj		226
	6,920	e	Neste Oil Oyj		142
	1,630,000		Nokia Corp		13,790
	5,466,073		Nokia Oyj		46,413
	6,704		Nokian Renkaat Oyj		201
	400,000	e,m	OKO Bank (Class A)		8,073
	5,388		Orion Oyj (Class B)		210
	597,346		Sampo Oyj (A Shares)		28,882
	30,681		Stora Enso Oyj (R Shares)		255
	30,359		UPM-Kymmene Oyj		432
	8,724		Wartsila Oyj (B Shares)		389
			TOTAL FINLAND		105,556
FRANCE - 4.1%
	393,173		Accor S.A.		17,413
	1,798		Aeroports de Paris		215
	19,664		Air Liquide		2,397
	160,097	*	Alcatel S.A.		494

190

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	11,906		Alstom RGPT	$	408
	3,205	e	Arkema		215
	277,337		Atos Origin S.A.		20,084
	102,848		AXA S.A.		2,533
	1,612,458		BNP Paribas		107,016
	300		Bollore		170
	125,701		Bouygues S.A.		4,064
	12,080		Bureau Veritas S.A.		267
	8,313		Cap Gemini S.A.		596
	35,266		Carrefour S.A.		1,089
	3,176		Casino Guichard Perrachon S.A.		342
	1	*	CGG (ADR)		0	^
	3,126		Christian Dior S.A.		524
	8,932		CNP Assurances		168
	799,155		Compagnie de Saint-Gobain		36,515
	3,179,983		Credit Agricole S.A.		47,934
	7,206		Dassault Systemes S.A.		463
	1,110,982		Edenred		27,376
	417,365		Electricite de France		13,692
	11,728		Essilor International S.A.		1,286
	2,436		Eurazeo		175
	392,539		European Aeronautic Defence and Space Co		24,675
	8,490		Eutelsat Communications		274
	586,229		Faurecia		18,720
	1,863		Fonciere Des Regions		168
	106,348		France Telecom S.A.		1,587
	678,301	*	GameLoft		4,506
	281,876		Gaz de France		7,070
	1,553		Gecina S.A.		204
	32,917		Groupe Danone		2,204
	27,809		Groupe Eurotunnel S.A.		340
	2,348		Icade		198
	1,408		Iliad S.A.		297
	1,964		Imerys S.A.		145
	732,179		JC Decaux S.A.		23,115
	6,437		Klepierre		282
	303,673		Lafarge S.A.		21,854
	6,753		Lagardere S.C.A.		181
	14,870		Legrand S.A.		773
	271,385		L’Oreal S.A.		43,040
	52,631		LVMH Moet Hennessy Louis Vuitton S.A.		8,546
	10,647		Michelin (C.G.D.E.) (Class B)		1,003
	51,644		Natixis		355
	12,211		Pernod-Ricard S.A.		1,382
	22,766	*	Peugeot S.A.		291
	4,354		PPR		878
	10,329		Publicis Groupe S.A.		708
	1,519	e	Remy Cointreau S.A.		109
	288,528		Renault S.A.		20,872
	1,231,915		Rexel S.A.		23,006
	15,055		Safran S.A.		976
	614,949		Sanofi-Aventis		69,533

191

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	29,917		Schneider Electric S.A.	$	2,295
	148,649		SCOR		4,643
	1,537		Societe BIC S.A.		198
	525,863		Societe Generale		26,823
	5,420		Sodexho Alliance S.A.		530
	275,556		Suez Environnement S.A.		4,661
	5,853		Technip S.A.		491
	314,852		Teleperformance		19,473
	65,579		Thales S.A.		3,490
	1,830,746		Total S.A.		118,548
	5,695		Unibail-Rodamco		1,464
	154,031		Valeo S.A.		17,115
	6,096		Vallourec		281
	24,146		Veolia Environnement		426
	27,297		Vinci S.A.		1,584
	1,136,994		Vivendi Universal S.A.		27,456
	1,939		Wendel		220
	10,483		Zodiac S.A.		334
			TOTAL FRANCE		792,760
GERMANY - 3.0%
	12,024		Adidas-Salomon AG.		897
	462,725		Allianz AG.		74,698
	2,294		Axel Springer AG.		126
	52,196		BASF AG.		4,761
	584,863		Bayer AG.		81,377
	104,343		Bayerische Motoren Werke AG.		11,152
	535		Bayerische Motoren Werke AG. (Preference)		43
	798,342		Beiersdorf AG.		66,423
	8,546		Brenntag AG.		418
	3,109		Celesio AG.		103
	55,777	*	Commerzbank AG.		828
	154,149		Continental AG.		29,200
	977,171		Daimler AG. (Registered)		74,624
	77,705		Deutsche Bank AG.		2,713
	11,172		Deutsche Boerse AG.		750
	13,031		Deutsche Lufthansa AG.		205
	1,508,474		Deutsche Post AG.		48,083
	176,826		Deutsche Telekom AG.		2,677
	16,150		Deutsche Wohnen AG.		344
	65,000		Duerr AG.		4,717
	211,372		E.ON AG.		3,860
	2,016		Fraport AG. Frankfurt Airport Services Worldwide		132
	180,000		Freenet AG.		4,667
	12,386		Fresenius Medical Care AG.		863
	21,664		Fresenius SE		1,070
	3,795		Fuchs Petrolub AG. (Preference)		144
	10,207		GEA Group AG.		443
	73,451		Hannover Rueckversicherung AG.		5,928
	8,102		HeidelbergCement AG.		533
	6,860		Henkel KGaA		640
	10,232		Henkel KGaA (Preference)		1,019

192

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	1,591		Hochtief AG.	$	109
	1,683		Hugo Boss AG.		210
	64,213		Infineon Technologies AG.		661
	9,751	e	K&S AG.		275
	1,321		Kabel Deutschland Holding AG.		179
	300,251		Lanxess AG.		16,574
	10,478		Linde AG.		2,006
	2,204		MAN AG.		248
	7,433		Merck KGaA		683
	8,903		Metro AG.		292
	101,156	*	Morphosys AG.		9,869
	39,934		Muenchener Rueckver AG.		7,878
	75,489	*	Osram Licht AG.		2,801
	8,769		Porsche AG.		700
	25,468	*	Premiere AG.		215
	538,054		ProSiebenSat. Media AG.		21,331
	188,049		RTL Group		16,102
	27,387		RWE AG.		1,066
	897		RWE AG. (Preference)		27
	135,483		SAP AG.		9,778
	268,249		Siemens AG.		31,920
	34,962	e	Telefonica Deutschland Holding AG.		182
	26,009	*	ThyssenKrupp AG.		679
	6,999		United Internet AG.		297
	58,117		Volkswagen AG.		12,008
	7,750		Volkswagen AG. (Preference)		1,600
	300,046		Wirecard AG.		11,035
			TOTAL GERMANY		572,163
GREECE - 0.1%
	381,000		OPAP S.A.		4,996
	5,816,266	*	Piraeus Bank S.A.		9,845
			TOTAL GREECE		14,841
HONG KONG - 1.1%
	7,059,758		AIA Group Ltd		36,434
	21,218		ASM Pacific Technology		210
	117,882		Bank of East Asia Ltd		477
	2,163,353		BOC Hong Kong Holdings Ltd		6,887
	106,431		Cathay Pacific Airways Ltd		196
	556,787		Cheung Kong Holdings Ltd		9,159
	53,723		Cheung Kong Infrastructure Holdings Ltd		377
	4,734,000		China Gas Holdings Ltd		7,856
	625,000		Chow Sang Sang Holding		1,489
	503,454		CLP Holdings Ltd		4,044
	1,370,331		Esprit Holdings Ltd		1,772
	213,463		First Pacific Co		221
	209,803		Galaxy Entertainment Group Ltd		1,218
	1,063,434	*	Global Brands Group Holding Ltd		234
	209,000	*	Glorious Property Holdings Ltd		32
	1,811,517		Hang Lung Group Ltd		8,976
	5,587,803		Hang Lung Properties Ltd		15,883

193

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	361,972		Hang Seng Bank Ltd	$	5,809
	399,544		Henderson Land Development Co Ltd		2,587
	242,660		HKT Trust and HKT Ltd		293
	2,027,151		Hong Kong & China Gas Ltd		4,396
	295,776		Hong Kong Electric Holdings Ltd		2,614
	187,898		Hong Kong Exchanges and Clearing Ltd		4,044
	701,913		Hutchison Whampoa Ltd		8,485
	58,760		Hysan Development Co Ltd		271
	14,590,000	*	Intime Retail Group Co Ltd		12,420
	7,250		Kerry Logistics Network Ltd		11
	1,535,948		Kerry Properties Ltd		5,149
	25,540,000		Lee & Man Paper Manufacturing Ltd		12,975
	1,597,027		Li & Fung Ltd		1,814
	12,000	e,m	Lifestyle International Holdings Ltd		23
	212,468		Link REIT		1,226
	444,254		MTR Corp		1,742
	1,556,576		New World Development Co Ltd		1,813
	389,802		Noble Group Ltd		396
	136,372		NWS Holdings Ltd		243
	354,079		PCCW Ltd		223
	34,932,400	e	REXLot Holdings Ltd		3,535
	222,333		Sands China Ltd		1,160
	2,770,286		Shanghai Real Estate Ltd		80
	131,992		Shangri-La Asia Ltd		195
	274,561		Sino Land Co		423
	179,611		SJM Holdings Ltd		342
	1,238,999		Sun Hung Kai Properties Ltd		17,580
	154,628		Swire Pacific Ltd (Class A)		1,990
	174,000		Swire Properties Ltd		542
	119,902		Techtronic Industries Co		346
	1,747,701		Wharf Holdings Ltd		12,413
	83,334		Wheelock & Co Ltd		398
	66,912		Yue Yuen Industrial Holdings		202
			TOTAL HONG KONG		201,205
INDIA - 0.6%
	330,000		Bank of Baroda		4,799
	99,359		Bharti Infratel Ltd		474
	1,580,004	*	DEN Networks Ltd		3,771
	1,530,483	*	Dhanalakshmi Bank Ltd		1,075
	5,808,442		DLF Ltd		14,100
	110,200		Dr Reddy’s Laboratories Ltd		5,770
	383,004	*	Hathway Cables and Datacom Pvt Ltd		1,800
	530,000		HDFC Bank Ltd		7,449
	332,666		Housing Development Finance Corp		5,670
	35,000		ICICI Bank Ltd		812
	38,021		ING Vysya Bank Ltd		366
	283,431		Jyothy Laboratories Ltd		1,099
	454,322		LIC Housing Finance Ltd		2,384
	410,000		Lupin Ltd		9,253
	6,000		MRF Ltd		3,170
	90,834		Prestige Estates Projects Ltd		322

194

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	1,113,028		Puravankara Projects Ltd	$	1,840
	290,069		Reliance Industries Ltd		4,429
	80,000		State Bank of India Ltd		3,156
	800,000		Sun Pharmaceutical Industries Ltd		11,072
	813,513		Sunteck Realty Ltd		4,018
	1,300,000		Tata Motors Ltd		7,239
	18,896,394	*	Unitech Ltd		5,739
	600,000		United Phosphorus Ltd		3,295
	491,946		Yes Bank Ltd		4,428
			TOTAL INDIA		107,530
INDONESIA - 0.1%
	9,328,800		PT Bank Mandiri Persero Tbk		7,715
	41,374,500		PT Express Transindo Utama Tbk		4,515
			TOTAL INDONESIA		12,230
IRELAND - 1.0%
	1,499,659	*	Bank of Ireland		586
	1,263,778		CRH plc		28,701
	5,632		CRH plc (Ireland)		128
	60,000		DCC plc		3,321
	4,032,262	*	Green REIT plc		6,621
	4,159,400	*	Hibernia REIT plc		6,042
	147,992	*,m	Irish Bank Resolution Corp Ltd		0	^
	40,892		James Hardie Industries NV		428
	318,468		Kerry Group plc (Class A)		22,453
	6,302		Ryanair Holdings plc		60
	555,682		Ryanair Holdings plc (ADR)		31,357
	812,754		Shire Ltd		70,126
	977,088		Smurfit Kappa Group plc		21,356
	60,455		XL Capital Ltd		2,005
			TOTAL IRELAND		193,184
ISLE OF MAN - 0.0%
	3,631,384	*	Unitech Corporate Parks plc		3,046
			TOTAL ISLE OF MAN		3,046
ISRAEL - 0.1%
	61,380		Bank Hapoalim Ltd		346
	75,232	*	Bank Leumi Le-Israel		305
	105,081		Bezeq Israeli Telecommunication Corp Ltd		181
	235		Delek Group Ltd		89
	24,249		Israel Chemicals Ltd		174
	117	*	Israel Corp Ltd		66
	7,915		Mizrahi Tefahot Bank Ltd		95
	3,146		Nice Systems Ltd		128
	48,999		Teva Pharmaceutical Industries Ltd		2,637
	285,146		Teva Pharmaceutical Industries Ltd (ADR)		15,327
			TOTAL ISRAEL		19,348

195

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
ITALY - 1.0%
	4,000,000	e	A2A S.p.A.	$	3,954
	413,333		Ansaldo STS S.p.A.		4,659
	67,175		Assicurazioni Generali S.p.A.		1,408
	22,526		Autostrade S.p.A.		553
	200,000		Azimut Holding S.p.A.		5,035
	11,481,304		Banca Intesa S.p.A.		34,659
	55,781		Banca Intesa S.p.A. RSP		149
	245,224	*	Banca Monte dei Paschi di Siena S.p.A		321
	51,515		Banche Popolari Unite Scpa		431
	20,629	*	Banco Popolare SC		300
	97,885		Enel Green Power S.p.A		250
	4,135,366		Enel S.p.A.		21,877
	529,490		ENI S.p.A.		12,563
	115,468		Exor S.p.A.		4,464
	1,299,952	*,e	Fiat S.p.A.		12,529
	23,179	*	Finmeccanica S.p.A.		224
	50,246		Fondiaria-Sai S.p.A		141
	288,135		Luxottica Group S.p.A.		14,977
	4,046,537	*	Mediaset S.p.A.		15,425
	4,353,269	*	Mediobanca S.p.A.		37,193
	600,000		Mediolanum S.p.A.		4,238
	17,934		Moncler S.p.A		255
	13,396		Pirelli & C S.p.A.		185
	10,758		Prysmian S.p.A.		199
	15,459		Saipem S.p.A.		328
	110,754		Snam Rete Gas S.p.A.		612
	342,912		Telecom Italia RSP		303
	568,772		Telecom Italia S.p.A.		650
	83,990		Terna Rete Elettrica Nazionale S.p.A.		422
	254,325		UniCredit S.p.A		1,998
	379,209	*	Yoox S.p.A		8,680
			TOTAL ITALY		188,982
JAPAN - 7.6%
	1,800		ABC-Mart, Inc		92
	27,300	*	Acom Co Ltd		91
	700		Activia Properties Inc		5,625
	2,090		Advance Residence Investment Corp		4,860
	10,943	e	Advantest Corp		141
	192,509		Aeon Co Ltd		1,918
	7,703		Aeon Credit Service Co Ltd		165
	7,760		Aeon Mall Co Ltd		148
	1,500		AEON REIT Investment Corp		1,874
	11,000		Air Water, Inc		164
	189,042		Aisin Seiki Co Ltd		6,823
	41,529		Ajinomoto Co, Inc		691
	12,228		Alfresa Holdings Corp		176
	77,435	e	All Nippon Airways Co Ltd		180
	25,144		Amada Co Ltd		240
	2,589,848		Aozora Bank Ltd		8,757
	86,000	e	Aruze Corp		1,408
	188,107		Asahi Breweries Ltd		5,441

196

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	72,773		Asahi Glass Co Ltd	$	395
	610,134		Asahi Kasei Corp		4,962
	11,300		Asics Corp		255
	797,300		Astellas Pharma, Inc		11,875
	24,105		Bank of Kyoto Ltd		200
	356,971		Bank of Yokohama Ltd		1,963
	4,853		Benesse Corp		159
	514,104		Bridgestone Corp		17,004
	17,085		Brother Industries Ltd		316
	45,200		Calbee, Inc		1,477
	209,097		Canon, Inc		6,803
	15,333	e	Casio Computer Co Ltd		256
	44,500		Central Japan Railway Co		6,003
	240,323		Chiba Bank Ltd		1,672
	116,100		Chiyoda Corp		1,284
	45,966	*	Chubu Electric Power Co, Inc		528
	70,858		Chugai Pharmaceutical Co Ltd		2,051
	11,800		Chugoku Bank Ltd		173
	21,353		Chugoku Electric Power Co, Inc		274
	19,142		Citizen Watch Co Ltd		126
	10,755		Credit Saison Co Ltd		207
	1,200		Crescendo Investment Corp		984
	40,076		Dai Nippon Printing Co Ltd		402
	19,630		Daicel Chemical Industries Ltd		212
	19,698	e	Daido Steel Co Ltd		79
	13,690		Daihatsu Motor Co Ltd		217
	76,100		Dai-ichi Mutual Life Insurance Co		1,130
	46,197		Daiichi Sankyo Co Ltd		726
	72,446		Daikin Industries Ltd		4,494
	11,363	e	Dainippon Sumitomo Pharma Co Ltd		145
	15,211		Daito Trust Construction Co Ltd		1,799
	227,856	e	Daiwa House Industry Co Ltd		4,093
	431,300		Daiwa Securities Group, Inc		3,421
	7,000	e	Dena Co Ltd		89
	277,145		Denso Corp		12,786
	15,055		Dentsu, Inc		573
	4,000		Don Quijote Co Ltd		230
	159,552		East Japan Railway Co		11,951
	76,517	e	Eisai Co Ltd		3,095
	35,193		Electric Power Development Co		1,150
	4,244		FamilyMart Co Ltd		162
	13,643		Fanuc Ltd		2,467
	16,918		Fast Retailing Co Ltd		5,669
	45,300		Fields Corp		664
	1,190,822		Fuji Electric Holdings Co Ltd		5,763
	698,142		Fuji Heavy Industries Ltd		23,127
	108,000		Fuji Television Network, Inc		1,607
	466,484		Fujifilm Holdings Corp		14,334
	1,517,091		Fujitsu Ltd		9,337
	55,663		Fukuoka Financial Group, Inc		266
	136,100		Glory Ltd		3,842
	159,400	e	GMO Payment Gateway, Inc		3,602

197

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	6,800	e	Gree, Inc	$	46
	28,100	e	GungHo Online Entertainment Inc		134
	25,879		Gunma Bank Ltd		149
	28,842		Hachijuni Bank Ltd		173
	15,700		Hakuhodo DY Holdings, Inc		159
	5,037		Hamamatsu Photonics KK		239
	82,000		Hankyu Hanshin Holdings, Inc		477
	700,000		Haseko Corp		5,409
	1,100		Hikari Tsushin, Inc		78
	77,982		Hino Motors Ltd		1,091
	8,987		Hirose Electric Co Ltd		1,110
	35,000		Hiroshima Bank Ltd		172
	3,967		Hisamitsu Pharmaceutical Co, Inc		142
	7,652		Hitachi Chemical Co Ltd		136
	7,422	e	Hitachi Construction Machinery Co Ltd		149
	19,800		Hitachi High-Technologies Corp		569
	7,086,285		Hitachi Ltd		54,139
	14,000		Hitachi Metals Ltd		252
	83,000		Hokuhoku Financial Group, Inc		163
	11,831		Hokuriku Electric Power Co		155
	535,168		Honda Motor Co Ltd		18,362
	801,753		Hoya Corp		26,923
	158	*	Hulic Reit, Inc		254
	8,566		Ibiden Co Ltd		167
	3,052		Ichigo Real Estate Investment Corp		2,314
	6,200		Idemitsu Kosan Co Ltd		132
	11,300		Iida Group Holdings Co Ltd		138
	100		Industrial & Infrastructure Fund Investment Corp		829
	143,700		Infomart Corp		2,470
	300,900		Inpex Holdings, Inc		4,254
	155,281		Isetan Mitsukoshi Holdings Ltd		2,021
	1,804,878		Ishikawajima-Harima Heavy Industries Co Ltd		9,353
	42,585		Isuzu Motors Ltd		602
	826,270		Itochu Corp		10,091
	11,562		Itochu Techno-Science Corp		486
	783,000		Iwatani International Corp		5,420
	16,952		Iyo Bank Ltd		172
	296,800	*	J Front Retailing Co Ltd		3,883
	261,800		Japan Airlines Co Ltd		7,164
	24,000	*	Japan Display, Inc		116
	280,200		Japan Pile Corp		2,414
	54		Japan Prime Realty Investment Corp		195
	88		Japan Real Estate Investment Corp		453
	654		Japan Retail Fund Investment Corp		1,318
	416,800		Japan Tobacco, Inc		13,544
	34,904		JFE Holdings, Inc		697
	65,978		JGC Corp		1,803
	47,624		Joyo Bank Ltd		234
	12,853		JSR Corp		224
	414,503		JTEKT Corp		6,948
	1,007,780		JX Holdings, Inc		4,647
	59,372		Kajima Corp		284

198

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	10,400		Kakaku.com, Inc	$	148
	400,252		Kamigumi Co Ltd		3,790
	69,000		Kanamoto Co Ltd		2,552
	18,900		Kaneka Corp		106
	50,274	*	Kansai Electric Power Co, Inc		475
	16,480		Kansai Paint Co Ltd		246
	37,153		Kao Corp		1,450
	501,212		Kawasaki Heavy Industries Ltd		2,004
	184,100		KDDI Corp		11,075
	147,622		Keihin Electric Express Railway Co Ltd		1,232
	180,910		Keio Corp		1,337
	19,426		Keisei Electric Railway Co Ltd		195
	2,263		Kenedix Realty Investment Corp		12,151
	10,951		Keyence Corp		4,755
	10,795		Kikkoman Corp		229
	313,914		Kintetsu Corp		1,056
	58,949		Kirin Brewery Co Ltd		782
	215,084		Kobe Steel Ltd		349
	6,600		Koito Manufacturing Co Ltd		180
	167,622		Komatsu Ltd		3,874
	7,373		Konami Corp		154
	34,413		Konica Minolta Holdings, Inc		372
	1,078,258		Kubota Corp		17,072
	24,374		Kuraray Co Ltd		286
	7,545		Kurita Water Industries Ltd		168
	96,200		Kyocera Corp		4,493
	16,045		Kyowa Hakko Kogyo Co Ltd		197
	30,884	*	Kyushu Electric Power Co, Inc		333
	18,251		Lawson, Inc		1,277
	24,323		LIXIL Group Corp		519
	50,116		Mabuchi Motor Co Ltd		4,372
	52,836		Makita Corp		2,985
	899,172		Marubeni Corp		6,153
	16,209		Marui Co Ltd		133
	3,096		Maruichi Steel Tube Ltd		76
	1,222,100	e	Matsui Securities Co Ltd		11,399
	538,455		Matsushita Electric Industrial Co Ltd		6,418
	1,567,900	*	Mazda Motor Corp		39,440
	4,700	e	McDonald’s Holdings Co Japan Ltd		116
	9,512		Mediceo Paltac Holdings Co Ltd		116
	4,349		MEIJI Holdings Co Ltd		344
	596,664		Millea Holdings, Inc		18,513
	16,800		Miraca Holdings, Inc		695
	97,219		Mitsubishi Chemical Holdings Corp		479
	369,195		Mitsubishi Corp		7,561
	826,814		Mitsubishi Electric Corp		11,022
	89,705		Mitsubishi Estate Co Ltd		2,022
	284,160		Mitsubishi Gas Chemical Co, Inc		1,812
	1,036,150		Mitsubishi Heavy Industries Ltd		6,671
	8,262		Mitsubishi Logistics Corp		119
	80,293		Mitsubishi Materials Corp		260
	42,800		Mitsubishi Motors Corp		519

199

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	4,637,654		Mitsubishi UFJ Financial Group, Inc	$	26,136
	35,300		Mitsubishi UFJ Lease & Finance Co Ltd		185
	516,904		Mitsui & Co Ltd		8,154
	972,087	e	Mitsui Chemicals, Inc		2,706
	1,851,100		Mitsui Engineering & Shipbuilding Co Ltd		4,169
	954,437		Mitsui Fudosan Co Ltd		29,290
	1,945,499		Mitsui OSK Lines Ltd		6,216
	233,409		Mitsui Sumitomo Insurance Group Holdings, Inc		5,091
	1,224,918		Mitsui Trust Holdings, Inc		5,100
	6,858,056		Mizuho Financial Group, Inc		12,243
	110,000		Monex Beans Holdings, Inc		287
	346,300	e	MonotaRO Co Ltd		8,668
	309,620		Murata Manufacturing Co Ltd		35,193
	8,100		Nabtesco Corp		194
	50,000		Nagoya Railroad Co Ltd		201
	12,606		Namco Bandai Holdings, Inc		324
	183,615		NEC Corp		635
	9,000		Nexon Co Ltd		74
	427,200	e	Next Co Ltd		2,896
	41,179		NGK Insulators Ltd		982
	12,688		NGK Spark Plug Co Ltd		373
	11,038		NHK Spring Co Ltd		108
	65,500		Nidec Corp		4,426
	785,100		Nihon Nohyaku Co Ltd		7,702
	73,781	e	Nikon Corp		1,067
	30,758		Nintendo Co Ltd		3,350
	418		Nippon Building Fund, Inc		2,201
	27,184		Nippon Electric Glass Co Ltd		132
	61,441		Nippon Express Co Ltd		257
	116,200		Nippon Kayaku Co Ltd		1,421
	98,900		Nippon Konpo Unyu Soko Co Ltd		1,658
	12,944		Nippon Meat Packers, Inc		275
	12,000		Nippon Paint Co Ltd		271
	2,576		Nippon ProLogis REIT, Inc		5,989
	1,238,176		Nippon Steel Corp		3,214
	260,530		Nippon Telegraph & Telephone Corp		16,157
	487,308		Nippon Yusen Kabushiki Kaisha		1,285
	1,191,343		Nissan Motor Co Ltd		11,532
	15,015		Nisshin Seifun Group, Inc		149
	4,135		Nissin Food Products Co Ltd		215
	242,400		Nissin Kogyo Co Ltd		3,992
	5,000		Nitori Co Ltd		310
	143,837		Nitto Denko Corp		7,876
	23,753		NKSJ Holdings, Inc		576
	6,851		NOK Corp		157
	1,128,163		Nomura Holdings, Inc		6,712
	8,474		Nomura Real Estate Holdings, Inc		146
	303,664		Nomura Research Institute Ltd		9,821
	32,911		NSK Ltd		469
	164,400		NTT Data Corp		5,930
	482,100		NTT DoCoMo, Inc		8,074
	7,600		NTT Urban Development Corp		80

200

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	46,259		Obayashi Corp	$	317
	196,098	e	Odakyu Electric Railway Co Ltd		1,793
	56,797		OJI Paper Co Ltd		215
	263,100		Okabe Co Ltd		2,887
	15,100		Okinawa Electric Power Co, Inc		467
	475,500	*	Olympus Corp		17,052
	64,602		Omron Corp		2,936
	225,898		Ono Pharmaceutical Co Ltd		20,059
	2,603		Oracle Corp Japan		102
	75,117		Oriental Land Co Ltd		14,195
	1,751,200		ORIX Corp		24,176
	1,068,581		Osaka Gas Co Ltd		4,291
	18,500		Osaka Securities Exchange Co Ltd		439
	6,900		Otsuka Corp		275
	137,900		Otsuka Holdings KK		4,753
	88,100		Park24 Co Ltd		1,406
	56,100		Rakuten, Inc		646
	1,528,430		Resona Holdings, Inc		8,622
	49,281		Ricoh Co Ltd		529
	2,599		Rinnai Corp		216
	15,824		Rohm Co Ltd		996
	3,380		Sankyo Co Ltd		121
	3,000	e	Sanrio Co Ltd		87
	92,287		Santen Pharmaceutical Co Ltd		5,168
	212,000		Sapporo Holdings Ltd		815
	109,800		Sawai Pharmaceutical Co Ltd		6,316
	14,080		SBI Holdings, Inc		158
	15,034		Secom Co Ltd		896
	136,043		Sega Sammy Holdings, Inc		2,190
	7,700	e	Seibu Holdings, Inc		154
	8,900		Seiko Epson Corp		429
	248,551		Sekisui Chemical Co Ltd		2,857
	219,620		Sekisui House Ltd		2,588
	342,481		Seven & I Holdings Co Ltd		13,284
	39,900		Seven Bank Ltd		163
	104,106	*	Sharp Corp		296
	12,319	*	Shikoku Electric Power Co, Inc		158
	16,982		Shimadzu Corp		147
	1,597		Shimamura Co Ltd		147
	5,581		Shimano, Inc		679
	1,528,962		Shimizu Corp		12,065
	175,400		Shin-Etsu Chemical Co Ltd		11,492
	116,649		Shinsei Bank Ltd		250
	21,533		Shionogi & Co Ltd		494
	25,885		Shiseido Co Ltd		427
	38,301		Shizuoka Bank Ltd		394
	578,900		Shoei Co Ltd		6,132
	12,773		Showa Shell Sekiyu KK		122
	3,988		SMC Corp		1,100
	967,960		Softbank Corp		67,611
	2,400,000		Sojitz Holdings Corp		3,768
	72,700		So-net M3, Inc		1,166

201

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	2,447,682		Sony Corp	$	43,929
	12,500		Sony Financial Holdings, Inc		202
	308,115		Stanley Electric Co Ltd		6,670
	106,883		Sumitomo Chemical Co Ltd		382
	222,963		Sumitomo Corp		2,461
	54,176		Sumitomo Electric Industries Ltd		802
	1,389,625		Sumitomo Heavy Industries Ltd		7,827
	37,464		Sumitomo Metal Mining Co Ltd		527
	1,211,179		Sumitomo Mitsui Financial Group, Inc		49,349
	270,996		Sumitomo Realty & Development Co Ltd		9,655
	11,963		Sumitomo Rubber Industries, Inc		170
	130,000	e	Sumitomo Titanium Corp		2,928
	9,700		Suntory Beverage & Food Ltd		343
	230,154		Suruga Bank Ltd		4,592
	5,087		Suzuken Co Ltd		147
	26,222		Suzuki Motor Corp		870
	218,800		Sysmex Corp		8,811
	41,631		T&D Holdings, Inc		535
	82,000		Taiheiyo Cement Corp		309
	1,046,143		Taisei Corp		5,902
	2,323		Taisho Pharmaceutical Holdings Co Ltd		159
	16,357		Taiyo Nippon Sanso Corp		144
	18,718		Takashimaya Co Ltd		157
	72,548		Takeda Pharmaceutical Co Ltd		3,154
	68,981		Tanabe Seiyaku Co Ltd		1,012
	37,427		TDK Corp		2,094
	1,214,613		Teijin Ltd		2,935
	21,900		Terumo Corp		525
	54,276		THK Co Ltd		1,353
	279,878		Tobu Railway Co Ltd		1,407
	7,975		Toho Co Ltd		180
	29,000	e	Toho Gas Co Ltd		163
	32,615		Tohoku Electric Power Co, Inc		371
	103,760	*	Tokyo Electric Power Co, Inc		363
	41,210		Tokyo Electron Ltd		2,686
	2,842,724		Tokyo Gas Co Ltd		15,974
	347,300		Tokyo Tatemono Co Ltd		2,814
	516,852		Tokyu Corp		3,387
	34,500		Tokyu Fudosan Holdings Corp		237
	359,126		TonenGeneral Sekiyu KK		3,141
	40,427		Toppan Printing Co Ltd		291
	450,664		Toray Industries, Inc		2,979
	1,296,481		Toshiba Corp		6,019
	900,000		Tosoh Corp		3,652
	20,681		Toto Ltd		228
	11,339		Toyo Seikan Kaisha Ltd		141
	36,099		Toyo Suisan Kaisha Ltd		1,199
	184,997		Toyoda Gosei Co Ltd		3,611
	11,661		Toyota Industries Corp		564
	1,917,548		Toyota Motor Corp		112,827
	15,294		Toyota Tsusho Corp		373
	7,428		Trend Micro, Inc		252

202

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	120,000		TS Tech Co Ltd	$	2,919
	254,853		Uni-Charm Corp		5,808
	179		United Urban Investment Corp		275
	15,530		USS Co Ltd		238
	31,600		West Japan Railway Co		1,414
	436,600		Yahoo! Japan Corp		1,659
	6,277		Yakult Honsha Co Ltd		330
	61,090		Yamada Denki Co Ltd		178
	15,406		Yamaguchi Financial Group, Inc		146
	11,688		Yamaha Corp		153
	18,783		Yamaha Motor Co Ltd		368
	2,800		Yamato Kogyo Co Ltd		93
	26,055		Yamato Transport Co Ltd		485
	7,553		Yamazaki Baking Co Ltd		97
	365,984	e	Yaskawa Electric Corp		4,974
	15,210		Yokogawa Electric Corp		200
	14,000		Yokohama Rubber Co Ltd		121
	268,800	e	Yumeshin Holdings Co Ltd		2,076
			TOTAL JAPAN		1,447,181
JERSEY, C.I. - 0.0%
	5,025		Randgold Resources Ltd		341
			TOTAL JERSEY, C.I.		341
KOREA, REPUBLIC OF - 0.2%
	37,000		Daewoo International Corp		1,315
	267,506	*	Hynix Semiconductor, Inc		11,840
	300,000		Industrial Bank of Korea		4,523
	73,131		KB Financial Group, Inc		2,666
	3,000		Naver Corp		2,292
	7,637		Samsung Electronics Co Ltd		8,554
	20,000		Samsung Fire & Marine Insurance Co Ltd		5,353
	90,000		Woongjin Coway Co Ltd		7,178
			TOTAL KOREA, REPUBLIC OF		43,721
LUXEMBOURG - 0.0%
	4,348	*	Altice S.A.		230
	56,615		ArcelorMittal		775
	3,970	e	Millicom International Cellular S.A.		318
	17,083		SES Global S.A.		591
	27,172		Tenaris S.A.		620
			TOTAL LUXEMBOURG		2,534
MACAU - 0.0%
	84,192		MGM China Holdings Ltd		243
	2,941,983		Wynn Macau Ltd		9,376
			TOTAL MACAU		9,619
MALAYSIA - 0.0%
	1,266,980		Public Bank BHD		7,299
	33,959		YNH Property BHD		22
			TOTAL MALAYSIA		7,321

203

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
MEXICO - 0.1%
	608,009	*	Cemex SAB de C.V. (ADR)	$	7,929
	10,943	e	Fresnillo plc		134
	700,000	*	Gruma SAB de C.V.		7,473
			TOTAL MEXICO		15,536
NETHERLANDS - 2.0%
	200,000		Aalberts Industries NV		5,178
	102,966		Aegon NV		848
	125,000	*	AerCap Holdings NV		5,113
	475,047		Akzo Nobel NV		32,503
	514,106		ASML Holding NV		50,922
	44,600	e	ASML Holding NV (ADR)		4,407
	4,785		Boskalis Westminster		269
	3,851		Corio NV		189
	11,204		Delta Lloyd NV		270
	9,671		DSM NV		596
	4,314		Fugro NV		130
	97,526	e	Gemalto NV		8,955
	5,736		Heineken Holding NV		379
	13,295		Heineken NV		993
	6,130,788	*	ING Groep NV		87,144
	2,977,041	*	ING Groep NV (ADR)		42,244
	53,957		Koninklijke Ahold NV		873
	55,234		Koninklijke Philips Electronics NV		1,756
	4,038	e	Koninklijke Vopak NV		218
	346,929	*	NXP Semiconductors NV		23,740
	4,989	*,e	OCI NV		154
	7,323		Randstad Holdings NV		340
	1,991,373		Royal Dutch Shell plc (A Shares)		76,111
	1,082,847		Royal Dutch Shell plc (B Shares)		42,809
	183,252	*	Royal KPN NV		587
	22,209		TNT Express NV		140
	17,040		Wolters Kluwer NV		454
	8,061		Ziggo NV		378
			TOTAL NETHERLANDS		387,700
NEW ZEALAND - 0.1%
	4,000,000		Air New Zealand Ltd		6,066
	83,158		Auckland International Airport Ltd		250
	31,481		Contact Energy Ltd		147
	62,686		Fletcher Building Ltd		430
	34,174		Ryman Healthcare Ltd		208
	900,000		Sky Network Television Ltd		4,424
	168,679		Telecom Corp of New Zealand Ltd		391
	234,145	*	Xero Ltd		3,935
			TOTAL NEW ZEALAND		15,851
NORWAY - 0.2%
	8,128		Aker Kvaerner ASA		33

204

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	8,128	*	Aker Solutions ASA	$	81
	790,261		DNB NOR Holding ASA		14,789
	11,354		Gjensidige Forsikring BA		240
	450,000	*	Nordic Semiconductor ASA		2,651
	77,059		Norsk Hydro ASA		431
	46,481		Orkla ASA		420
	21,272	e	Seadrill Ltd (Oslo Exchange)		569
	740,697		Statoil ASA		20,166
	42,593		Telenor ASA		935
	10,780		Yara International ASA		541
			TOTAL NORWAY		40,856
PHILIPPINES - 0.1%
	3,603,093		Metropolitan Bank & Trust		6,963
	5,171,850		Robinsons Retail Holdings, Inc		7,295
			TOTAL PHILIPPINES		14,258
POLAND - 0.0%
	800,000		Polska Grupa Energetyczna S.A.		5,054
			TOTAL POLAND		5,054
PORTUGAL - 0.0%
	2,170,719	*,e	Banco Comercial Portugues S.A.		284
	133,325	e	Energias de Portugal S.A.		581
	20,385	e	Galp Energia SGPS S.A.		331
	14,010	e	Jeronimo Martins SGPS S.A.		154
			TOTAL PORTUGAL		1,350
RUSSIA - 0.0%
	100,000	*	Lenta Ltd (ADR)		1,067
	105,700		Magnit OAO (GDR)		6,080
			TOTAL RUSSIA		7,147
SINGAPORE - 0.6%
	186,355		Ascendas REIT		329
	355,287		Avago Technologies Ltd		30,910
	192,997		CapitaCommercial Trust		241
	769,446	e	CapitaLand Ltd		1,928
	641,917		CapitaMall Trust		961
	137,100	e	City Developments Ltd		1,033
	182,248		ComfortDelgro Corp Ltd		342
	729,606		DBS Group Holdings Ltd		10,523
	23,799,892		Genting International plc		21,256
	3,786,095		Global Logistic Properties		8,036
	648,165		Golden Agri-Resources Ltd		262
	528,247		Hutchison Port Holdings Trust		369
	9,966	e	Jardine Cycle & Carriage Ltd		335
	414,468		Keppel Corp Ltd		3,409
	717,398		Keppel Land Ltd		1,967
	26,000		K-Green Trust		21
	78,567	e	K-REIT Asia		73

205

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	37,000	e	Olam International Ltd	$	68
	506,271		Oversea-Chinese Banking Corp		3,862
	90,248		SembCorp Industries Ltd		366
	363,617	e	SembCorp Marine Ltd		1,065
	152,384		Singapore Airlines Ltd		1,173
	264,943		Singapore Exchange Ltd		1,500
	515,225	e	Singapore Press Holdings Ltd		1,696
	475,707		Singapore Technologies Engineering Ltd		1,359
	4,590,691		Singapore Telecommunications Ltd		13,665
	53,830		StarHub Ltd		174
	260,233		United Overseas Bank Ltd		4,562
	41,584		United Overseas Land Ltd		215
	176,162		Wilmar International Ltd		426
			TOTAL SINGAPORE		112,126
SOUTH AFRICA - 0.1%
	30,719		Investec plc		258
	540,000		Mondi plc		8,807
	300,000		MTN Group Ltd		6,325
	800,000		Sanlam Ltd		4,617
	90,000		Sasol Ltd		4,881
			TOTAL SOUTH AFRICA		24,888
SPAIN - 0.9%
	25,454		Abertis Infraestructuras S.A. (Continuous)		502
	347,172		Acerinox S.A.		5,333
	10,325		ACS Actividades Construccion y Servicios S.A.		396
	610,729		Amadeus IT Holding S.A.		22,799
	340,335	e	Banco Bilbao Vizcaya Argentaria S.A.		4,096
	193,191		Banco de Sabadell S.A.		570
	102,000		Banco Popular Espanol S.A.		622
	1,206,028		Banco Santander Central Hispano S.A.		11,546
	47,829	*	Bankia S.A.		89
	31,139	*,m	CaixaBank S.A.		189
	23,451		Cintra Concesiones de Infraestructuras de Transporte S.A.		454
	54,935		Corp Mapfre S.A.		194
	2,826,318		Criteria CaixaBank S.A.		17,186
	1,857,872		Distribuidora Internacional de Alimentacion S.A.		13,314
	11,801		Enagas		380
	370,101		Endesa S.A.		14,616
	220,676		Gas Natural SDG S.A.		6,492
	8,593		Grifols S.A.		351
	4,242,666		Iberdrola S.A.		30,326
	63,191	*	Inditex S.A.		1,744
	129,390	e,m	Let’s GOWEX S.A.		2
	110,000	e	Obrascon Huarte Lain S.A.		3,672
	6,386		Red Electrica de Espana		553
	1,290,183		Repsol YPF S.A.		30,608
	56,400	e	Tecnicas Reunidas S.A.		2,983
	547,922		Telefonica S.A.		8,462
	9,785	e	Zardoya Otis S.A.		121
			TOTAL SPAIN		177,600

206

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
SWEDEN - 0.7%
	18,316		Alfa Laval AB	$	390
	94,070		Assa Abloy AB (Class B)		4,834
	37,899		Atlas Copco AB (A Shares)		1,081
	22,119		Atlas Copco AB (B Shares)		572
	19,529	e	Autoliv, Inc		1,795
	677,200	*	Biovitrum AB		7,217
	14,970		Boliden AB		242
	659,366		Electrolux AB (Series B)		17,368
	21,590	e	Elekta AB (B Shares)		212
	174,699		Ericsson (LM) (B Shares)		2,203
	11,133		Getinge AB (B Shares)		279
	53,947		Hennes & Mauritz AB (B Shares)		2,231
	14,419		Hexagon AB (B Shares)		456
	24,351		Husqvarna AB (B Shares)		172
	6,929		Industrivarden AB		121
	613,283		Intrum Justitia AB		17,241
	26,226		Investor AB (B Shares)		923
	200,000		JM AB		6,377
	966,341		Kinnevik Investment AB (Series B)		34,847
	12,432	*	Lundin Petroleum AB		210
	200,000		NCC AB (B Shares)		6,620
	174,066		Nordea Bank AB		2,256
	60,338		Sandvik AB		678
	17,885		Securitas AB (B Shares)		198
	87,025		Skandinaviska Enskilda Banken AB (Class A)		1,158
	21,373		Skanska AB (B Shares)		441
	22,653		SKF AB (B Shares)		472
	552,481		Svenska Cellulosa AB (B Shares)		13,127
	28,905		Svenska Handelsbanken (A Shares)		1,354
	251,443		Swedbank AB (A Shares)		6,305
	11,737		Swedish Match AB		380
	18,648		Tele2 AB		224
	133,454		TeliaSonera AB		920
	596,127		Volvo AB (B Shares)		6,449
			TOTAL SWEDEN		139,353
SWITZERLAND - 4.0%
	124,876		ABB Ltd		2,793
	67,101		Actelion Ltd		7,859
	327,481		Adecco S.A.		22,138
	4,908		Aryzta AG.		423
	54,888		Baloise Holding AG.		7,016
	124		Barry Callebaut AG.		138
	404,410		Cie Financiere Richemont S.A.		33,057
	11,573		Coca-Cola HBC AG.		250
	828,027		Credit Suisse Group		22,908
	456		EMS-Chemie Holding AG.		189
	2,145		Geberit AG.		691
	8,000		Georg Fischer AG.		4,696

207

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	520		Givaudan S.A.	$	829
	604,473		Glencore Xstrata plc		3,348
	10,000		Helvetia Holding AG.		4,842
	651,628		Holcim Ltd		47,407
	13,007		Julius Baer Group Ltd		581
	3,104	e	Kuehne & Nagel International AG.		391
	55		Lindt & Spruengli AG.		275
	6		Lindt & Spruengli AG. (Registered)		356
	305,855		Lonza Group AG.		36,854
	1,401,425		Nestle S.A.		102,992
	2,078,033		Novartis AG.		195,685
	1,659		Pargesa Holding S.A.		132
	919		Partners Group		241
	3,038		Phonak Holding AG.		484
	454,742		Roche Holding AG.		134,287
	2,788		Schindler Holding AG.		378
	1,245		Schindler Holding AG. (Registered)		166
	317		SGS S.A.		656
	124		Sika AG.		429
	35,585		STMicroelectronics NV		275
	1,473		Sulzer AG.		181
	2,038		Swatch Group AG.		966
	1,404		Swatch Group AG. (Registered)		123
	1,826		Swiss Life Holding		435
	3,618		Swiss Prime Site AG.		268
	521,806		Swiss Re Ltd		41,526
	1,340		Swisscom AG.		760
	5,318		Syngenta AG.		1,684
	647,333		TE Connectivity Ltd		35,791
	2,523,788		UBS AG.		43,870
	8,453		Zurich Financial Services AG.		2,516
			TOTAL SWITZERLAND		760,886
TAIWAN - 0.4%
	3,000,000		Advanced Semiconductor Engineering, Inc		3,504
	2,601,000		Catcher Technology Co Ltd		24,090
	3,360,000		Cathay Financial Holding Co Ltd		5,461
	359,964		Eclat Textile Co Ltd		3,268
	364,000		Ginko International Co Ltd		4,891
	3,989,345		Hota Industrial Manufacturing Co Ltd		7,291
	861,000		King Slide Works Co Ltd		9,693
	150,000		Largan Precision Co Ltd		10,731
	516,000		MediaTek, Inc		7,642
	3,000,000		Taiwan Cement Corp		4,465
			TOTAL TAIWAN		81,036
THAILAND - 0.2%
	3,000,000		Delta Electronics Thai PCL		5,722
	2,730,600		Siam Commercial Bank PCL (Foreign)		15,296
	34,807,200	*	True Corp PCL (Foreign)		12,752
			TOTAL THAILAND		33,770

208

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
TURKEY - 0.1%
	5,700,849		Emlak Konut Gayrimenkul Yatiri	$	5,969
	2,500,000		Eregli Demir ve Celik Fabrikalari TAS		4,643
	1,177,700		TAV Havalimanlari Holding AS		9,456
			TOTAL TURKEY		20,068
UNITED ARAB EMIRATES - 0.1%
	151,841		Al Noor Hospitals Group plc		2,506
	2,071,657	*,a,m	Emaar Malls Group PJSC		1,635
	2,981,574		Emaar Properties PJSC		9,376
	1,235,000		First Gulf Bank PJSC		6,300
			TOTAL UNITED ARAB EMIRATES		19,817
UNITED KINGDOM - 6.8%
	56,149		3i Group plc		348
	53,111		Aberdeen Asset Management plc		343
	15,659		Acergy S.A.		224
	11,400		Admiral Group plc		236
	14,383		Aggreko plc		360
	17,220		AMEC plc		307
	79,356		Anglo American plc (London)		1,770
	23,365		Antofagasta plc		272
	2,781,593		ARM Holdings plc		40,526
	2,906,722		Ashtead Group plc		48,899
	77,744	*,e	ASOS plc		2,836
	120,323		Associated British Foods plc		5,216
	452,376		AstraZeneca plc		32,419
	18,504		AstraZeneca plc (ADR)		1,322
	295,751		Aveva Group plc		7,379
	169,027		Aviva plc		1,430
	2,329,024	*	B&M European Value Retail S.A.		10,383
	28,777		Babcock International Group		508
	180,089		BAE Systems plc		1,371
	25,364,379		Barclays plc		93,295
	250,000		Bellway plc		6,319
	120,000		Berkeley Group Holdings plc		4,358
	1,567,461		BG Group plc		28,937
	3,695,975		BP plc		27,037
	107,061		British American Tobacco plc		6,033
	303,877		British Land Co plc		3,453
	3,133,573		British Sky Broadcasting plc		44,695
	2,814,173		Britvic plc		30,376
	450,518		BT Group plc		2,763
	311,800	*	BTG plc		3,529
	18,776		Bunzl plc		489
	25,496		Burberry Group plc		622
	37,789		Capita Group plc		711
	287,867		Centrica plc		1,435
	53,081		CNH Industrial NV		420
	63,254		Cobham plc		298
	472,592		Compass Group plc		7,622
	136,700		Consort Medical plc		2,150

209

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	1,261,296		Countrywide plc	$	9,212
	7,795		Croda International plc		258
	511,290		Delphi Automotive plc		31,362
	142,748		Diageo plc		4,117
	81,137		Direct Line Insurance Group plc		386
	1,291,021		easyJet plc		29,709
	57,187		Experian Group Ltd		909
	91,565		GKN plc		471
	930,546		GlaxoSmithKline plc		21,257
	84,242		Group 4 Securicor plc		342
	40,307		Hammerson plc		374
	14,091		Hargreaves Lansdown plc		215
	8,557,727		Hays plc		16,057
	3,699,532		HSBC Holdings plc		37,592
	300,000		HSBC Holdings plc (Hong Kong)		3,054
	32,411		ICAP plc		203
	15,569		IMI plc		310
	54,554		Imperial Tobacco Group plc		2,349
	600,000		Inchcape plc		6,239
	24,543		Inmarsat plc		278
	13,741		InterContinental Hotels Group plc		530
	58,411	*	International Consolidated Airlines Group S.A.		347
	9,121,918	*	International Consolidated Airlines Group S.A. (London)		54,149
	400,000		International Personal Finance plc		3,155
	9,295		Intertek Group plc		394
	213,956		ITV plc		718
	68,646	e	J Sainsbury plc		279
	11,788		Johnson Matthey plc		556
	1,794,115	*,e	Just Eat plc		8,580
	135,839		Kingfisher plc		710
	45,289		Land Securities Group plc		760
	10,485,367		Legal & General Group plc		38,799
	90,833	*	Liberty Global plc		3,725
	55,382	*,e	Liberty Global plc (Class A)		2,356
	48,314		Liberty International plc		252
	36,925,282	*	Lloyds TSB Group plc		45,938
	13,167		London Stock Exchange Group plc		397
	4,300,024		Man Group plc		8,245
	93,192		Marks & Spencer Group plc		609
	45,262		Meggitt plc		330
	59,416		Melrose Industries plc		238
	11,030,554	*,e	Monitise plc		5,374
	212,008		National Grid plc		3,048
	555,052		New Carphone Warehouse plc		3,291
	392,398		Next plc		42,000
	281,095		Old Mutual plc		824
	46,965		Pearson plc		944
	29,948		Pentair plc		1,961
	16,942		Persimmon plc		365
	14,676		Petrofac Ltd		246
	484,994	*	Poundland Group plc		2,483

210

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	3,588,380		Prudential plc	$	79,775
	36,870		Reckitt Benckiser Group plc		3,188
	372,381		Reed Elsevier NV		8,448
	65,789		Reed Elsevier plc		1,052
	79,426		Resolution Ltd		396
	39,648		Rexam plc		315
	302,962		Rightmove plc		10,537
	179,322		Rio Tinto Ltd		9,338
	677,589		Rio Tinto plc		33,202
	106,987		Rolls-Royce Group plc		1,665
	140,031	*	Royal Bank of Scotland Group plc		834
	35,968		Royal Mail plc		228
	57,807	*	RSA Insurance Group plc		454
	1,480,048		SABMiller plc		82,021
	63,753		Sage Group plc		377
	6,772		Schroders plc		261
	55,467		Scottish & Southern Energy plc		1,389
	44,078		Segro plc		259
	14,009		Severn Trent plc		426
	51,375		Smith & Nephew plc		864
	189,855		Smiths Group plc		3,880
	646,283	*	Sports Direct International plc		6,458
	416,658		Standard Chartered plc		7,685
	137,145		Standard Life plc		918
	271,600	*	SuperGroup plc		4,983
	26,076		Tate & Lyle plc		249
	6,027,549		Taylor Woodrow plc		10,966
	459,191		Tesco plc		1,372
	1,309,418		Travis Perkins plc		35,181
	29,392		TUI Travel plc		185
	52,239		Tullow Oil plc		545
	93,069		Unilever NV		3,693
	316,403		Unilever plc		13,244
	38,925		United Utilities Group plc		508
	15,870,954		Vodafone Group plc		52,298
	155,106	*,e	WANdisco plc		764
	12,203		Weir Group plc		493
	230,000		WH Smith plc		4,024
	334,618		Whitbread plc		22,485
	47,832		William Hill plc		286
	123,707		WM Morrison Supermarkets plc		337
	516,443		Wolseley plc		27,051
	2,198,721		WPP plc		44,048
			TOTAL UNITED KINGDOM		1,293,670
UNITED STATES - 55.0%
	210,983		3M Co		29,892
	65,000		A.O. Smith Corp		3,073
	2,499,375		Abbott Laboratories		103,949
	1,191,726		AbbVie, Inc		68,834
	27,878		Abercrombie & Fitch Co (Class A)		1,013
	150,860		Accenture plc		12,268

211

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	282,409		ACE Ltd	$	29,616
	184,515	*	Actavis plc		44,520
	101,934		Activision Blizzard, Inc		2,119
	143,694	*	Adobe Systems, Inc		9,942
	29,930	e	ADT Corp		1,061
	14,679		Advance Auto Parts, Inc		1,913
	137,928		AES Corp		1,956
	516,065		Aetna, Inc		41,801
	53,948	*	Affiliated Managers Group, Inc		10,809
	45,359		Aflac, Inc		2,642
	93,394		AGCO Corp		4,246
	34,429		Agilent Technologies, Inc		1,962
	21,167		Air Products & Chemicals, Inc		2,756
	6,648		Airgas, Inc		736
	36,764	*	Akamai Technologies, Inc		2,198
	128,400		Alaska Air Group, Inc		5,591
	8,342		Albemarle Corp		491
	1,262,640		Alcoa, Inc		20,316
	152,667	*	Alexion Pharmaceuticals, Inc		25,315
	140,000	*	Alkermes plc		6,002
	1,705	*	Alleghany Corp		713
	91,670		Allergan, Inc		16,335
	41,634	*	Alliance Data Systems Corp		10,336
	54,380		Alliant Energy Corp		3,013
	839,442		Allstate Corp		51,517
	29,620	*	Ally Financial, Inc		685
	32,342		Altera Corp		1,157
	1,183,934		Altria Group, Inc		54,390
	110,478	*	Amazon.com, Inc		35,623
	27,790		AMC Entertainment Holdings, Inc		639
	9,878		Amerco, Inc		2,587
	49,729		Ameren Corp		1,906
	391,416		American Airlines Group, Inc		13,887
	35,976		American Capital Agency Corp		764
	98,400		American Electric Power Co, Inc		5,137
	318,844		American Express Co		27,912
	150,900		American Financial Group, Inc		8,736
	277,913		American International Group, Inc		15,013
	86,256		American Realty Capital Properties, Inc		1,040
	155,005		American Tower Corp		14,513
	78,369		American Water Works Co, Inc		3,780
	157,658		Ameriprise Financial, Inc		19,452
	46,683		AmerisourceBergen Corp		3,609
	50,003		Ametek, Inc		2,511
	255,217		Amgen, Inc		35,848
	59,780		Amphenol Corp (Class A)		5,970
	381,612		Anadarko Petroleum Corp		38,711
	31,479		Analog Devices, Inc		1,558
	347,833	*	Ann Taylor Stores Corp		14,306
	99,071		Annaly Capital Management, Inc		1,058
	9,256	*	Ansys, Inc		700
	4,880	*	Antero Resources Corp		268

212

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	57,280		Aon plc	$	5,022
	716,636		Apache Corp		67,271
	4,161,577		Apple, Inc		419,279
	1,200,161		Applied Materials, Inc		25,935
	13,222	*	Arch Capital Group Ltd		724
	404,176		Archer Daniels Midland Co		20,653
	255,000	*	Armstrong World Industries, Inc		14,280
	22,068	*	Arrow Electronics, Inc		1,221
	15,106		Ashland, Inc		1,573
	15,269		Assurant, Inc		982
	888,987		AT&T, Inc		31,328
	753,864	*	Autodesk, Inc		41,538
	74,484		Automatic Data Processing, Inc		6,188
	6,242	*	Autonation, Inc		314
	26,440	*	AutoZone, Inc		13,475
	13,164		AvalonBay Communities, Inc		1,856
	9,359		Avery Dennison Corp		418
	13,600		Avnet, Inc		564
	43,222		Avon Products, Inc		545
	166,701		Axiall Corp		5,970
	242,105		Axis Capital Holdings Ltd		11,459
	158,859		Baker Hughes, Inc		10,335
	137,266		Ball Corp		8,685
	6,344,423		Bank of America Corp		108,172
	114,627		Bank of New York Mellon Corp		4,440
	15,596		Bard (C.R.), Inc		2,226
	473,729		Baxter International, Inc		34,000
	71,369		BB&T Corp		2,656
	34,214	*	BE Aerospace, Inc		2,872
	39,395		Becton Dickinson & Co		4,484
	71,592	*,e	Bed Bath & Beyond, Inc		4,713
	426,043	*	Belmond Ltd.		4,968
	234,830	*	Berkshire Hathaway, Inc (Class B)		32,439
	931,879	*	Berry Plastics Group, Inc		23,521
	349,648		Best Buy Co, Inc		11,745
	205,403	*	Biogen Idec, Inc		67,949
	14,698	*	BioMarin Pharmaceuticals, Inc		1,061
	178,300	*	Biovail Corp (Toronto)		23,363
	44,149		BlackRock, Inc		14,495
	218,000		Blackstone Group LP		6,863
	572,000		Blackstone Mortgage Trust, Inc		15,501
	80,857		Boeing Co		10,300
	46,969		BorgWarner, Inc		2,471
	30,840		Boston Properties, Inc		3,570
	133,187	*	Boston Scientific Corp		1,573
	60,000		Brinker International, Inc		3,047
	468,283		Bristol-Myers Squibb Co		23,967
	710,830		Broadcom Corp (Class A)		28,732
	160,000		Broadridge Financial Solutions, Inc		6,661
	500,000		Brocade Communications Systems, Inc		5,435
	84,628		Brown-Forman Corp (Class B)		7,635
	313,788		Bunge Ltd		26,430

213

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	766,434	e	Burger King Worldwide, Inc	$	22,732
	32,851		CA, Inc		918
	20,125	e	Cablevision Systems Corp (Class A)		352
	85,351		Cabot Oil & Gas Corp		2,790
	97,000	*	CACI International, Inc (Class A)		6,913
	233,320	*	Calpine Corp		5,063
	16,897		Camden Property Trust		1,158
	44,279	*	Cameron International Corp		2,939
	21,041		Campbell Soup Co		899
	578,354		Capital One Financial Corp		47,205
	76,142		Cardinal Health, Inc		5,705
	239,677	*	CareFusion Corp		10,845
	23,380		Carlisle Cos, Inc		1,879
	175,817	*	Carmax, Inc		8,167
	38,036		Carnival Corp		1,528
	10,571		Carnival plc		421
	63,391	*	Catamaran Corp (Toronto)		2,670
	115,623		Caterpillar, Inc		11,450
	650,217	*	CBRE Group, Inc		19,337
	130,247		CBS Corp (Class B)		6,968
	57,750		CBS Outdoor Americas, Inc		1,729
	150,000		CDW Corp		4,657
	31,590		Celanese Corp (Series A)		1,849
	1,121,589	*	Celgene Corp		106,304
	244,127		Centerpoint Energy, Inc		5,974
	117,163		CenturyTel, Inc		4,791
	31,302	*	Cerner Corp		1,865
	66,608		CF Industries Holdings, Inc		18,598
	14,966		CH Robinson Worldwide, Inc		993
	411,224		Charles Schwab Corp		12,086
	15,019	*	Charter Communications, Inc		2,273
	393,408	*	Cheniere Energy, Inc		31,484
	107,737		Chesapeake Energy Corp		2,477
	1,056,186		Chevron Corp		126,024
	79,431		Chicago Bridge & Iron Co NV		4,595
	14,733	*	Chipotle Mexican Grill, Inc (Class A)		9,821
	24,545		Chubb Corp		2,236
	57,330		Church & Dwight Co, Inc		4,022
	76,700	*,e	Ciena Corp		1,282
	171,340		Cigna Corp		15,539
	17,657		Cimarex Energy Co		2,234
	15,736		Cincinnati Financial Corp		740
	21,178		Cintas Corp		1,495
	2,263,568		Cisco Systems, Inc		56,974
	19,698		CIT Group, Inc		905
	915,288		Citigroup, Inc		47,430
	49,598	*	Citrix Systems, Inc		3,538
	339,753	e	Cliffs Natural Resources, Inc		3,527
	12,877		Clorox Co		1,237
	32,143		CME Group, Inc		2,570
	118,741		CMS Energy Corp		3,522
	84,493		Coach, Inc		3,009

214

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	28,760	*	Cobalt International Energy, Inc	$	391
	1,899,695		Coca-Cola Co		81,041
	132,155		Coca-Cola Enterprises, Inc		5,862
	80,559	*	Cognizant Technology Solutions Corp (Class A)		3,607
	185,093		Colgate-Palmolive Co		12,072
	2,676,338		Comcast Corp (Class A)		143,933
	152,490	e	Comcast Corp (Special Class A)		8,158
	38,122		Comerica, Inc		1,901
	200,000	*	CommScope Holding Co, Inc		4,782
	128,620		Computer Sciences Corp		7,865
	532,989		ConAgra Foods, Inc		17,610
	182,266	*	Concho Resources, Inc		22,854
	246,711		ConocoPhillips		18,878
	300,000		Conseco, Inc		5,088
	46,794		Consol Energy, Inc		1,772
	29,473		Consolidated Edison, Inc		1,670
	224,488	*	Constellation Brands, Inc (Class A)		19,566
	77,526	*,e	Continental Resources, Inc		5,154
	22,500		Cooper Cos, Inc		3,504
	9,270		Core Laboratories NV		1,357
	182,086		Corning, Inc		3,522
	107,132		Costco Wholesale Corp		13,426
	123,409		Covidien plc		10,676
	291,000		Crane Co		18,394
	11,834	*,e	Cree, Inc		485
	43,156		Crown Castle International Corp		3,475
	83,284	*	Crown Holdings, Inc		3,708
	101,980		CSX Corp		3,269
	135,818		Cummins, Inc		17,925
	1,177,290		CVS Corp		93,701
	40,600		Cytec Industries, Inc		1,920
	531,932		Danaher Corp		40,416
	66,389	e	Darden Restaurants, Inc		3,416
	151,343	*	DaVita, Inc		11,069
	35,294	e	Deere & Co		2,894
	736,293		Delta Air Lines, Inc		26,617
	110,000		Deluxe Corp		6,068
	35,107		Denbury Resources, Inc		528
	14,196		Dentsply International, Inc		647
	78,405		Devon Energy Corp		5,346
	6,055	e	Diamond Offshore Drilling, Inc		208
	9,771		Dick’s Sporting Goods, Inc		429
	26,535	e	Digital Realty Trust, Inc		1,655
	198,181	*	DIRECTV		17,147
	347,269		Discover Financial Services		22,361
	30,333	*	Discovery Communications, Inc (Class A)		1,147
	93,040	*	Discovery Communications, Inc (Class C)		3,469
	73,706		DISH Network Corp (Class A)		4,760
	354,561	*	Dollar General Corp		21,667
	21,029	*	Dollar Tree, Inc		1,179
	118,318		Dominion Resources, Inc		8,175
	34,454		Dover Corp		2,768

215

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	1,503,895		Dow Chemical Co	$	78,864
	123,678		DR Horton, Inc		2,538
	71,143		Dr Pepper Snapple Group, Inc		4,575
	242,000	*	Dresser-Rand Group, Inc		19,907
	35,566		DTE Energy Co		2,706
	92,231		Du Pont (E.I.) de Nemours & Co		6,618
	95,909		Duke Energy Corp		7,171
	66,023		Duke Realty Corp		1,134
	3,684		Dun & Bradstreet Corp		433
	331,795		East West Bancorp, Inc		11,281
	15,305		Eastman Chemical Co		1,238
	446,414		Eaton Corp		28,289
	11,465		Eaton Vance Corp		433
	733,060	*	eBay, Inc		41,513
	100,366		Ecolab, Inc		11,525
	62,880		Edison International		3,516
	10,684	*	Edwards Lifesciences Corp		1,091
	64,194	*	Electronic Arts, Inc		2,286
	284,522		Eli Lilly & Co		18,451
	1,719,387		EMC Corp		50,309
	70,470		Emerson Electric Co		4,410
	28,735	*	Endo International plc		1,964
	14,573		Energen Corp		1,053
	52,375		Energizer Holdings, Inc		6,453
	1,784	*	Engility Holdings, Inc		56
	23,693	e	Ensco plc		979
	40,960		Entergy Corp		3,167
	296,506		EOG Resources, Inc		29,360
	49,415		EQT Corp		4,523
	12,320		Equifax, Inc		921
	10,087	*	Equinix, Inc		2,143
	40,495		Equity Residential		2,494
	12,548		Essex Property Trust, Inc		2,243
	78,134		Estee Lauder Cos (Class A)		5,838
	50,000	*	Esterline Technologies Corp		5,563
	120,000	*	Euronet Worldwide, Inc		5,735
	57,077		Everest Re Group Ltd		9,247
	280,000		Exelis, Inc		4,631
	766,713		Exelon Corp		26,137
	237,964		Expedia, Inc		20,850
	20,048		Expeditors International of Washington, Inc		814
	78,043	*	Express Scripts Holding Co		5,512
	575,458		Extended Stay America, Inc		13,661
	1,728,960	d	Exxon Mobil Corp		162,609
	89,409	*	F5 Networks, Inc		10,616
	1,058,502	*	Facebook, Inc		83,664
	9,778	e	Family Dollar Stores, Inc		755
	28,798	e	Fastenal Co		1,293
	13,452		Federal Realty Investment Trust		1,594
	143,238		FedEx Corp		23,126
	58,687		Fidelity National Information Services, Inc		3,304
	162,160		Fifth Third Bancorp		3,246

216

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	5,992	*,e	FireEye, Inc	$	183
	26,121		First Republic Bank		1,290
	42,918		FirstEnergy Corp		1,441
	98,098	*	Fiserv, Inc		6,341
	54,946	*	FleetCor Technologies, Inc		7,809
	599,011	*	Flextronics International Ltd		6,182
	13,982		Flir Systems, Inc		438
	65,696		Flowserve Corp		4,633
	33,765		Fluor Corp		2,255
	376,086		FMC Corp		21,508
	47,863	*	FMC Technologies, Inc		2,599
	659,341		FNF Group		18,290
	631,458		Ford Motor Co		9,339
	362,670		Fortune Brands Home & Security, Inc		14,909
	10,249	*	Fossil Group, Inc		962
	40,896		Franklin Resources, Inc		2,233
	104,013		Freeport-McMoRan Copper & Gold, Inc (Class B)		3,396
	99,715	e	Frontier Communications Corp		649
	156,737	e	GameStop Corp (Class A)		6,458
	281,843	e	Gaming and Leisure Properties, Inc		8,709
	51,340		Gap, Inc		2,140
	11,385	e	Garmin Ltd		592
	100,000	e	Generac Holdings, Inc		4,054
	96,429		General Dynamics Corp		12,255
	5,463,759		General Electric Co		139,982
	107,585		General Growth Properties, Inc		2,534
	61,757		General Mills, Inc		3,116
	174,497		General Motors Co		5,573
	69,850,000	*,m	General Motors Co		0	^
	61,921,000	*,e,m	General Motors Co		0	^
	530,757	*,m	General Motors Co		0	^
	26,439,985	*,m	General Motors Co		0	^
	13,592,224	*,m	General Motors Co		0	^
	29,845,445	*,m	General Motors Co		0	^
	18,106,794	*,e,m	General Motors Co		0	^
	18,159,000	*,m	General Motors Co		0	^
	19,417,463	*,m	General Motors Co		0	^
	4,461,000	*,m	General Motors Co		0	^
	15,289		Genuine Parts Co		1,341
	200,226	*	Genworth Financial, Inc (Class A)		2,623
	1,093,201	*	Gilead Sciences, Inc		116,371
	120,000		Global Payments, Inc		8,386
	128,956		Goldman Sachs Group, Inc		23,672
	413,000		Goodyear Tire & Rubber Co		9,328
	234,066	*	Google, Inc		135,140
	86,825	*	Google, Inc (Class A)		51,089
	55,738		H&R Block, Inc		1,728
	1		H.B. Fuller Co		0	^
	780,815		Halliburton Co		50,370
	135,000		Hanesbrands, Inc		14,504
	55,080		Harley-Davidson, Inc		3,206
	22,287		Harris Corp		1,480

217

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	185,913		Hartford Financial Services Group, Inc	$	6,925
	82,108		Hasbro, Inc		4,516
	520,142		HCA Holdings, Inc		36,680
	46,177		HCP, Inc		1,834
	31,548		Health Care REIT, Inc		1,968
	160,000	*	Health Net, Inc		7,378
	170,000		Healthsouth Corp		6,273
	40,785		Helmerich & Payne, Inc		3,992
	13,092	*	Henry Schein, Inc		1,525
	65,290	e	Herbalife Ltd		2,856
	55,649		Hershey Co		5,311
	865,142	*	Hertz Global Holdings, Inc		21,966
	288,310		Hess Corp		27,193
	1,846,035		Hewlett-Packard Co		65,479
	153,967	*	Hilltop Holdings, Inc		3,087
	60,240	*	Hilton Worldwide Holdings, Inc		1,484
	18,562		Holly Corp		811
	742,617	*	Hologic, Inc		18,068
	1,619,688		Home Depot, Inc		148,590
	1,222,477		Honeywell International, Inc		113,837
	21,493		Hormel Foods Corp		1,105
	33,948	*	Hospira, Inc		1,766
	253,413		Host Marriott Corp		5,405
	49,757		Hudson City Bancorp, Inc		484
	94,410		Humana, Inc		12,301
	1,016,300		Huntington Bancshares, Inc		9,889
	60,000		Huntington Ingalls		6,253
	60,000		Icahn Enterprises LP		6,350
	13,364	*	IHS, Inc (Class A)		1,673
	67,156		Illinois Tool Works, Inc		5,669
	54,122	*	Illumina, Inc		8,872
	285,583		Ingersoll-Rand plc		16,095
	7,661		Integrys Energy Group, Inc		497
	2,602,135		Intel Corp		90,606
	11,776		IntercontinentalExchange Group, Inc		2,297
	277,174		International Business Machines Corp		52,616
	17,044		International Flavors & Fragrances, Inc		1,634
	42,007		International Paper Co		2,005
	181,037		Interpublic Group of Cos, Inc		3,317
	628,882		Intuit, Inc		55,122
	7,857	*	Intuitive Surgical, Inc		3,629
	1,002,638		Invesco Ltd		39,584
	15,806		Iron Mountain, Inc		516
	157,420	e	iShares MSCI Canada Index Fund		4,833
	703,162	e	iShares MSCI EAFE Index Fund		45,087
	554,350	e	iShares MSCI Japan Index Fund		6,525
	140,000		ITT Corp		6,292
	9,337		J.B. Hunt Transport Services, Inc		691
	10,482		J.M. Smucker Co		1,038
	26,473	*	Jacobs Engineering Group, Inc		1,292
	780,145	*	Jarden Corp		46,895
	70,000	*	Jazz Pharmaceuticals plc		11,239

218

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	1,038,000	*	JDS Uniphase Corp	$	13,286
	1,909,250		Johnson & Johnson		203,507
	530,632		Johnson Controls, Inc		23,348
	157,272	e	Joy Global, Inc		8,578
	1,459,899		JPMorgan Chase & Co		87,944
	659,127		Juniper Networks, Inc		14,600
	267,136		Kansas City Southern Industries, Inc		32,377
	14,015		KBR, Inc		264
	38,862		Kellogg Co		2,394
	50,000		Kennametal, Inc		2,065
	25,223		Keurig Green Mountain, Inc		3,282
	1,302,736		Keycorp		17,365
	76,670		Kimberly-Clark Corp		8,247
	87,457		Kimco Realty Corp		1,916
	15,637	*	Kinder Morgan Management LLC		1,472
	270,372	e	Kinder Morgan, Inc		10,366
	16,924		Kla-Tencor Corp		1,333
	42,935		Kohl’s Corp		2,620
	76,790		Kraft Foods Group, Inc		4,331
	157,812		Kroger Co		8,206
	98,585		L Brands, Inc		6,603
	75,430		L-3 Communications Holdings, Inc		8,970
	16,897	*	Laboratory Corp of America Holdings		1,719
	187,733		Lam Research Corp		14,024
	110,112		Las Vegas Sands Corp		6,850
	90,000		Lazard Ltd (Class A)		4,563
	95,000		Lear Corp		8,209
	363,492		Legg Mason, Inc		18,596
	13,764		Leggett & Platt, Inc		481
	16,920		Lennar Corp (Class A)		657
	31,268		Leucadia National Corp		745
	155,818	*	Level 3 Communications, Inc		7,126
	130,000		Lexmark International, Inc (Class A)		5,525
	96,892	*	Liberty Interactive Corp		2,763
	18,889	*	Liberty Media Corp		891
	42,056	*	Liberty Media Corp (Class C)		1,976
	29,770		Liberty Property Trust		990
	224,277		Lincoln National Corp		12,017
	106,460		Linear Technology Corp		4,726
	21,116	*	LinkedIn Corp		4,388
	29,637	*	LKQ Corp		788
	55,003		Lockheed Martin Corp		10,053
	34,476		Loews Corp		1,436
	74,940		Lorillard, Inc		4,490
	146,727		Lowe’s Companies, Inc		7,765
	196,602	*,e	Lululemon Athletica, Inc		8,259
	561,938		LyondellBasell Industries AF S.C.A		61,060
	11,815	e	M&T Bank Corp		1,457
	13,611		Macerich Co		869
	692,148		Macy’s, Inc		40,269
	1	*	Madison Square Garden, Inc		0	^
	127,946	*	Mallinckrodt plc		11,534

219

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	80,987		Manpower, Inc	$	5,677
	907,119		Marathon Oil Corp		34,099
	115,754		Marathon Petroleum Corp		9,801
	877,705		Marriott International, Inc (Class A)		61,352
	948,335		Marsh & McLennan Cos, Inc		49,636
	5,608		Martin Marietta Materials, Inc		723
	387,239		Marvell Technology Group Ltd		5,220
	40,280		Masco Corp		963
	120,000	*,e	Mastec, Inc		3,674
	228,025		Mastercard, Inc (Class A)		16,856
	33,943		Mattel, Inc		1,040
	28,345		Maxim Integrated Products, Inc		857
	22,083		McCormick & Co, Inc		1,477
	129,789		McDonald’s Corp		12,305
	55,173		McGraw-Hill Financial, Inc		4,659
	425,678		McKesson Corp		82,867
	679	e	MDC Holdings, Inc		17
	36,302		MDU Resources Group, Inc		1,010
	22,411		Mead Johnson Nutrition Co		2,156
	34,300		MeadWestvaco Corp		1,404
	778,864		Medtronic, Inc		48,251
	190,000		Mentor Graphics Corp		3,894
	809,187		Merck & Co, Inc		47,969
	1,128,424		Metlife, Inc		60,619
	2,874	*	Mettler-Toledo International, Inc		736
	78,103	*	MGM Mirage		1,779
	126,597	*	Michael Kors Holdings Ltd		9,038
	20,105	e	Microchip Technology, Inc		950
	598,956	*	Micron Technology, Inc		20,520
	4,926,442		Microsoft Corp		228,390
	28,835	*,e	Mobileye NV		1,545
	174,004	*	Mohawk Industries, Inc		23,459
	81,065		Molson Coors Brewing Co (Class B)		6,034
	462,226		Mondelez International, Inc		15,838
	202,881		Monsanto Co		22,826
	155,789	*	Monster Beverage Corp		14,281
	40,010		Moody’s Corp		3,781
	2,282,745		Morgan Stanley		78,915
	32,622		Mosaic Co		1,449
	22,414		Motorola, Inc		1,418
	22,699		Murphy Oil Corp		1,292
	262,666	*	Mylan Laboratories, Inc		11,949
	56,148		Nabors Industries Ltd		1,278
	23,387		NASDAQ OMX Group, Inc		992
	101,081		National Oilwell Varco, Inc		7,692
	43,195		Navient Corp		765
	286,516		NetApp, Inc		12,309
	14,745	*	NetFlix, Inc		6,653
	3,587	*,e	NetSuite, Inc		321
	41,609	e	New York Community Bancorp, Inc		660
	746,614		Newell Rubbermaid, Inc		25,691
	130,000	*	Newfield Exploration Co		4,819

220

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	48,989		Newmont Mining Corp	$	1,129
	38,695	*	News Corp		633
	465,038		NextEra Energy, Inc		43,658
	666,327		Nielsen Holdings NV		29,538
	335,949		Nike, Inc (Class B)		29,967
	111,240		NiSource, Inc		4,559
	26,453		Noble Corp plc		588
	79,528		Noble Energy, Inc		5,437
	31,465		Nordstrom, Inc		2,151
	119,850		Norfolk Southern Corp		13,375
	106,847		Northeast Utilities		4,733
	37,765		Northern Trust Corp		2,569
	140,538		Northrop Grumman Corp		18,517
	93,653	*,e	NOW, Inc		2,848
	58,544		NRG Energy, Inc		1,784
	90,000		NRG Yield, Inc		4,234
	25,910	*	Nuance Communications, Inc		399
	46,622		Nucor Corp		2,531
	121,454		Nvidia Corp		2,241
	8,045	*	NVR, Inc		9,091
	234,986		Occidental Petroleum Corp		22,594
	10,843		Oceaneering International, Inc		707
	11,248	*	Ocwen Financial Corp		294
	19,450		OGE Energy Corp		722
	109,806		Omnicare, Inc		6,837
	52,764		Omnicom Group, Inc		3,633
	2,500		ONE Gas, Inc		86
	92,418		Oneok, Inc		6,058
	1,149,732		Oracle Corp		44,012
	34,398	*	O’Reilly Automotive, Inc		5,172
	130,000		Oshkosh Truck Corp		5,739
	616,830		Owens Corning, Inc		19,584
	16,849	*	Owens-Illinois, Inc		439
	57,368		Paccar, Inc		3,263
	90,000		Packaging Corp of America		5,744
	11,211		Pall Corp		938
	90,000	*	Parexel International Corp		5,678
	22,736		Parker Hannifin Corp		2,595
	17,578		PartnerRe Ltd		1,932
	7,589		Patterson Cos, Inc		314
	33,273		Paychex, Inc		1,471
	25,554		Peabody Energy Corp		316
	32,816		People’s United Financial, Inc		475
	24,940		Pepco Holdings, Inc		667
	1,507,841		PepsiCo, Inc		140,365
	153,707		Perrigo Co plc		23,085
	19,453		Petsmart, Inc		1,363
	4,436,723		Pfizer, Inc		131,194
	46,162		PG&E Corp		2,079
	12,757	*,e	Pharmacyclics, Inc		1,498
	513,996		Philip Morris International, Inc		42,867
	660,278		Phillips 66		53,687

221

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	165,768		Phillips-Van Heusen Corp	$	20,083
	400,000	*	Pilgrim’s Pride Corp		12,224
	10,839		Pinnacle West Capital Corp		592
	38,267		Pioneer Natural Resources Co		7,537
	17,449		Plum Creek Timber Co, Inc		681
	85,308		PNC Financial Services Group, Inc		7,301
	13,087		Polaris Industries, Inc		1,960
	75,000	*	Portfolio Recovery Associates, Inc		3,917
	55,840		PPG Industries, Inc		10,986
	127,547		PPL Corp		4,189
	29,317		Praxair, Inc		3,782
	17,454		Precision Castparts Corp		4,135
	49,494	*	Premier, Inc		1,626
	14,747	*	Priceline.com, Inc		17,086
	59,855		Principal Financial Group		3,141
	1,536,200		Procter & Gamble Co		128,641
	57,045		Progressive Corp		1,442
	50,399		Prologis, Inc		1,900
	174,855		Prudential Financial, Inc		15,377
	103,268		Public Service Enterprise Group, Inc		3,846
	51,994		Public Storage, Inc		8,623
	569,711		Pulte Homes, Inc		10,061
	13,438	*	Qiagen NV		304
	922,249		Qualcomm, Inc		68,957
	43,353	*	Quanta Services, Inc		1,573
	14,138		Quest Diagnostics, Inc		858
	35,271		Questar Market Resources, Inc		1,086
	10,539	*	Quintiles Transnational Holdings, Inc		588
	12,078	*	Rackspace Hosting, Inc		393
	12,438		Ralph Lauren Corp		2,049
	56,340		Range Resources Corp		3,820
	12,396		Raymond James Financial, Inc		664
	11,919		Rayonier, Inc		371
	43,901		Raytheon Co		4,461
	60,884	*	Realogy Holdings Corp		2,265
	20,994	e	Realty Income Corp		856
	18,937	*	Red Hat, Inc		1,063
	8,984		Regency Centers Corp		484
	15,936	*	Regeneron Pharmaceuticals, Inc		5,745
	238,022		Regions Financial Corp		2,390
	60,000		Reinsurance Group of America, Inc (Class A)		4,808
	60,000		Reliance Steel & Aluminum Co		4,104
	9,140		RenaissanceRe Holdings Ltd		914
	768,756		Republic Services, Inc		29,997
	14,207	e	Resmed, Inc		700
	97,617		Reynolds American, Inc		5,759
	28,896		Robert Half International, Inc		1,416
	14,460		Rock-Tenn Co (Class A)		688
	52,972		Rockwell Automation, Inc		5,821
	24,707		Rockwell Collins, Inc		1,939
	67,134		Roper Industries, Inc		9,821
	21,553		Ross Stores, Inc		1,629

222

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	220,000	*	Rovi Corp	$	4,344
	123,649		Royal Caribbean Cruises Ltd		8,320
	22,392		Safeway, Inc		768
	258,490	*	Salesforce.com, Inc		14,871
	173,939	*	Salix Pharmaceuticals Ltd		27,176
	188,845		SanDisk Corp		18,497
	294,101	*	SBA Communications Corp (Class A)		32,616
	26,512		SCANA Corp		1,315
	701,061		Schlumberger Ltd		71,291
	16,971		Scripps Networks Interactive (Class A)		1,325
	690,699		Seagate Technology, Inc		39,556
	924,962		Sealed Air Corp		32,263
	3,975	*,e	Sears Holdings Corp		100
	29,617		SEI Investments Co		1,071
	370,200		Sempra Energy		39,012
	15,136	*	Sensata Technologies Holding BV		674
	12,723	*	ServiceNow, Inc		748
	28,309		Sherwin-Williams Co		6,199
	15,642		Sigma-Aldrich Corp		2,127
	120,601		Simon Property Group, Inc		19,829
	308,615	e	Sirius XM Holdings, Inc		1,077
	100,200		Skyworks Solutions, Inc		5,817
	19,438		SL Green Realty Corp		1,969
	88,888		Southern Co		3,880
	445,381		Southwest Airlines Co		15,041
	124,139	*	Southwestern Energy Co		4,339
	78,478		SPDR Trust Series 1		15,462
	67,218		Spectra Energy Corp		2,639
	78,700	*	Spirit Airlines, Inc		5,441
	80,937	*,e	Sprint Corp		513
	7,842		SPX Corp		737
	65,536		St. Jude Medical, Inc		3,941
	50,000		St. Mary Land & Exploration Co		3,900
	243,418		Stanley Works		21,613
	134,364		Staples, Inc		1,626
	169,959		Starbucks Corp		12,825
	62,945		Starwood Hotels & Resorts Worldwide, Inc		5,238
	120,000		Starwood Property Trust, Inc		2,635
	145,000	*	Starz-Liberty Capital		4,797
	246,100		State Street Corp		18,115
	40,489	*	Stericycle, Inc		4,719
	45,979		Stryker Corp		3,713
	135,000	*,e	SunPower Corp		4,574
	108,556		SunTrust Banks, Inc		4,128
	32,981		Superior Energy Services		1,084
	144,557		Symantec Corp		3,399
	15,345	*	Synopsys, Inc		609
	58,725		Sysco Corp		2,229
	26,706		T Rowe Price Group, Inc		2,094
	60,342		Target Corp		3,782
	883,894		TCF Financial Corp		13,727
	55,751		TD Ameritrade Holding Corp		1,860

223

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	74,000	*	Tech Data Corp	$	4,356
	100,000	*	Tenneco, Inc		5,231
	15,529	*	Teradata Corp		651
	48,101	*,e	Tesla Motors, Inc		11,673
	58,314		Tesoro Corp		3,556
	219,395		Texas Instruments, Inc		10,463
	82,196		Textron, Inc		2,958
	370,487		Thermo Electron Corp		45,088
	150,453	e	Thomson Corp (Toronto)		5,481
	26,514		Tiffany & Co		2,554
	108,615		Time Warner Cable, Inc		15,585
	585,054		Time Warner, Inc		44,002
	7,754	*	Time, Inc		182
	176,282		TJX Companies, Inc		10,431
	186,524		T-Mobile US, Inc		5,385
	34,170	*	Toll Brothers, Inc		1,065
	79,121		Torchmark Corp		4,144
	16,397		Total System Services, Inc		508
	7,025		Towers Watson & Co		699
	28,771		Tractor Supply Co		1,770
	142,764		TransDigm Group, Inc		26,316
	20,586	e	Transocean Ltd		662
	34,774		Travelers Cos, Inc		3,267
	148,395	*	TRI Pointe Homes, Inc		1,920
	25,370	*	Trimble Navigation Ltd		774
	240,000		Trinity Industries, Inc		11,213
	54,093	*	TripAdvisor, Inc		4,945
	69,635	*	TRW Automotive Holdings Corp		7,051
	271,465	*	Tumi Holdings, Inc		5,524
	144,228		Twenty-First Century Fox, Inc		4,946
	43,822		Twenty-First Century Fox, Inc (Class B)		1,460
	31,207	*	Twitter, Inc		1,610
	352,286		Tyco International Ltd		15,701
	408,507		Tyson Foods, Inc (Class A)		16,083
	318,887	*	UAL Corp		14,921
	24,386		UDR, Inc		665
	221,490	*	Ulta Salon Cosmetics & Fragrance, Inc		26,173
	16,114	*	Under Armour, Inc (Class A)		1,113
	616,550		Union Pacific Corp		66,846
	143,042		United Parcel Service, Inc (Class B)		14,060
	201,323	*	United Rentals, Inc		22,367
	345,000	e	United States Steel Corp		13,514
	97,036		United Technologies Corp		10,247
	165,739		UnitedHealth Group, Inc		14,295
	18,270		Universal Health Services, Inc (Class B)		1,909
	54,325		UnumProvident Corp		1,868
	10,308	*	Urban Outfitters, Inc		378
	310,247		US Bancorp		12,978
	41,313		US Silica Holdings Inc		2,582
	229,805	*	USG Corp		6,317
	477,310		Valero Energy Corp		22,085
	13,893	*	Vantiv, Inc		429

224

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
	10,548	*	Varian Medical Systems, Inc	$	845
	15,556	*	Vectrus, Inc		304
	118,038		Ventas, Inc		7,312
	90,000	*	Verint Systems, Inc		5,005
	26,129	*,e	VeriSign, Inc		1,440
	90,464	*	Verisk Analytics, Inc		5,508
	2,530,622		Verizon Communications, Inc		126,506
	47,525	*	Vertex Pharmaceuticals, Inc		5,338
	214,534		VF Corp		14,166
	490,794		Viacom, Inc (Class B)		37,762
	461,935		Visa, Inc (Class A)		98,563
	200,000		Vishay Intertechnology, Inc		2,858
	15,745	*	Visteon Corp		1,531
	125,033	*,e	VMware, Inc (Class A)		11,733
	289,533		Vornado Realty Trust		28,942
	15,491		Voya Financial, Inc		606
	26,527		Vulcan Materials Co		1,598
	11,089		W.R. Berkley Corp		530
	7,502		W.W. Grainger, Inc		1,888
	140,155		Walgreen Co		8,307
	215,455		Wal-Mart Stores, Inc		16,476
	1,718,592		Walt Disney Co		153,006
	399,000	e	Walter Energy, Inc		934
	43,788		Waste Management, Inc		2,081
	17,760	*	Waters Corp		1,760
	804,136	*	Weatherford International Ltd		16,726
	27,899	*	WellCare Health Plans, Inc		1,683
	196,287		WellPoint, Inc		23,480
	4,392,056		Wells Fargo & Co		227,816
	173,798		Western Digital Corp		16,914
	54,934	e	Western Union Co		881
	58,795		Westlake Chemical Corp		5,091
	75,827		Weyerhaeuser Co		2,416
	29,069		Whirlpool Corp		4,234
	23,722	*	Whiting Petroleum Corp		1,840
	35,953		Whole Foods Market, Inc		1,370
	437,246		Williams Cos, Inc		24,202
	15,856		Willis Group Holdings plc		656
	57,717	e	Windstream Holdings, Inc		622
	45,644	e	Wisconsin Energy Corp		1,963
	88,403	*	Workday, Inc		7,293
	35,000	*	WR Grace & Co		3,183
	50,846		Wyndham Worldwide Corp		4,132
	8,199		Wynn Resorts Ltd		1,534
	134,250		Xcel Energy, Inc		4,081
	787,060		Xerox Corp		10,413
	37,246		Xilinx, Inc		1,577
	38,306		Xylem, Inc		1,359
	817,465	*	Yahoo!, Inc		33,312
	54,472		Yum! Brands, Inc		3,921
	24,783		Zimmer Holdings, Inc		2,492
	346,582		Zoetis Inc		12,806

225

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

				VALUE
SHARES			COMPANY	(000)
			TOTAL UNITED STATES	$	10,531,018
			TOTAL COMMON STOCKS		18,939,574
			(Cost $16,421,144)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	17,090	m	AGL Energy Ltd		43
	321,889		Arrium Ltd		0	^
	681,005	m	BGP Holdings plc		0	^
			TOTAL AUSTRALIA		43
CHINA - 0.0%
	542,400	m	Agile Property Holdings Ltd		54
			TOTAL CHINA		54
HONG KONG - 0.0%
	103,648	e	Sun Hung Kai Properties Ltd		173
			TOTAL HONG KONG		173
ITALY - 0.0%
	56,372	e,m	Fiat S.p.A		0	^
			TOTAL ITALY		0	^
SPAIN - 0.0%
	340,335		Banco Bilbao Vizcaya Argentaria S.A.		34
	102,000		Banco Popular Espanol S.A.		1
			TOTAL SPAIN		35
UNITED STATES - 0.0%
	21,280		Kinder Morgan, Inc		78
			TOTAL UNITED STATES		78
			TOTAL RIGHTS / WARRANTS		383
			(Cost $77)

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE
SHORT-TERM INVESTMENTS - 3.5%
GOVERNMENT AGENCY DEBT - 0.1%
$	3,760,000		Federal Home Loan Bank (FHLB)		0.085	%	11/12/14	3,760
	4,600,000		Federal Home Loan Mortgage Corp (FHLMC)		0.067		11/10/14	4,600
	14,670,000		Federal National Mortgage Association (FNMA)		0.085		03/02/15	14,668
			TOTAL GOVERNMENT AGENCY DEBT					23,028
TREASURY DEBT - 0.6%
	2,000,000	d	United States Treasury Bill		0.040-0.073		11/13/14	2,000
	4,000,000	d	United States Treasury Bill		0.046		11/20/14	4,000
	2,600,000		United States Treasury Bill		0.091		12/11/14	2,600

226

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

							MATURITY	VALUE
SHARES			COMPANY	RATE			DATE	(000)
	5,500,000		United States Treasury Bill		0.050	%	02/05/15	$	5,499
	3,800,000	d	United States Treasury Bill		0.080		03/05/15		3,799
	14,300,000	d	United States Treasury Bill		0.080		04/02/15		14,297
	5,600,000		United States Treasury Bill		0.095		04/30/15		5,599
	6,750,000	d	United States Treasury Bill		0.091-0.092		05/28/15		6,748
	12,900,000	d	United States Treasury Bill		0.090		06/25/15		12,895
	5,000,000	d	United States Treasury Bill		0.078-0.081		07/23/15		4,998
	55,000,000		United States Treasury Bill		0.093-0.113		09/17/15		54,948
			TOTAL TREASURY DEBT						117,383
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 2.8%
CERTIFICATE OF DEPOSIT - 0.4%
	25,000,000		Bank of Montreal		0.010		10/01/14		25,000
	25,000,000		CIBC Bank and Trust Co		0.010		10/01/14		25,000
	25,000,000		National Australia Bank Ltd		0.030		10/01/14		25,000
			TOTAL CERTIFICATE OF DEPOSIT						75,000
REPURCHASE AGREEMENT - 2.1%
	5,000,000	i,n	Barclays		0.000		10/01/14		5,000
	130,000,000	o	Calyon		0.010		10/01/14		130,000
	50,000,000	p	Goldman Sachs		0.040		10/02/14		50,000
	150,000,000	q	HSBC		0.030		10/02/14		150,000
	65,000,000	i,r	Merrill Lynch		0.000		10/01/14		65,000
			TOTAL REPURCHASE AGREEMENT						400,000
TREASURY DEBT - 0.1%
	10,000,000		United States Treasury Bill		0.040		10/16/14		10,000
			TOTAL TREASURY DEBT						10,000
VARIABLE RATE SECURITIES - 0.2%
	1,381,135	i	Granite Master Issuer plc 2006		0.031		12/20/50		1,374
	1,183,831	i	Granite Master Issuer plc 2007		0.020		12/20/50		1,178
	796,137	i	Medallion Trust 2005		0.030		08/22/36		796
	1,238,160	i	Puma Finance Ltd		0.027		02/21/38		1,226
	30,000,000	i	SLM Student Loan Trust 2007		0.118		01/25/19		29,768
	2,092,024	i	SLM Student Loan Trust 2008		0.584		10/25/16		2,092
			TOTAL VARIABLE RATE SECURITIES						36,434
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						521,434
			TOTAL SHORT-TERM INVESTMENTS						661,845
			(Cost $661,965)
			TOTAL INVESTMENTS - 102.4%						19,601,802
			(Cost $17,083,186)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%						(453,924	)
			NET ASSETS - 100.0%					$	19,147,878

227

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

	Abbreviation(s):
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts
*	Non-income producing
^	Amount represents less than $1,000.
a	Affiliated holding
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 $512,976,000.
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, 0.000% dated 09/30/14 to be repurchased at $5,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $5,100,000.
o	Agreement with Calyon, 0.010% dated 09/30/14 to be repurchased at $130,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $132,600,000.
p	Agreement with Goldman Sachs, 0.040% dated 09/30/14 to be repurchased at $50,000,000 on 10/02/14, collateralized by U.S. Government Agency Securities valued at $51,000,000.
q	Agreement with HSBC, 0.030% dated 09/30/14 to be repurchased at $150,000,000 on 10/02/14, collateralized by U.S. Government Agency Securities valued at $153,004,000.
r	Agreement with Merrill Lynch, 0.000% dated 09/30/14 to be repurchased at $65,000,000 on 10/01/14, collateralized by U.S. Government Agency Securities valued at $66,300,000.
	Cost amounts are in thousands.

228

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND

GLOBAL EQUITIES ACCOUNT

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

September 30, 2014

SECTOR	VALUE (000)			% OF NET ASSETS
FINANCIALS	$	3,750,553			19.6	%
INFORMATION TECHNOLOGY		2,841,781			14.8
CONSUMER DISCRETIONARY		2,700,434			14.1
HEALTH CARE		2,614,972			13.7
INDUSTRIALS		2,189,327			11.4
ENERGY		1,576,360			8.2
CONSUMER STAPLES		1,447,682			7.6
MATERIALS		918,899			4.8
TELECOMMUNICATION SERVICES		485,072			2.5
UTILITIES		414,877			2.2
SHORT - TERM INVESTMENTS		661,845			3.5
OTHER ASSETS & LIABILITIES, NET		(453,924	)		(2.4	)
NET ASSETS	$	19,147,878			100.0	%

229

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

COLLEGE RETIREMENT EQUITIES FUND
GROWTH ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2014

				VALUE
SHARES			COMPANY	(000)
COMMON STOCKS - 99.3%
AUTOMOBILES & COMPONENTS - 2.0%
	532,432		BorgWarner, Inc	$	28,011
	1,049,424		Delphi Automotive plc		64,372
	1,413,687		General Motors Co		45,153
	401,348		Gentex Corp		10,744
	1,088,666		Goodyear Tire & Rubber Co		24,588
	77,059		Harley-Davidson, Inc		4,485
	62,380		Johnson Controls, Inc		2,745
	448,260		Lear Corp		38,734
	220,400		Magna International, Inc (Class A) (NY)		20,918
	59,362	*,e	Mobileye NV		3,181
	166,456		Renault S.A.		12,041
	178,700	*	Tenneco, Inc		9,348
	551,152	*,e	Tesla Motors, Inc		133,754
	16,233		Thor Industries, Inc		836
	98,400	*	TRW Automotive Holdings Corp		9,963
	40,350	*	Visteon Corp		3,924
			TOTAL AUTOMOBILES & COMPONENTS		412,797
BANKS - 0.3%
	1,606,300		Huntington Bancshares, Inc		15,629
	6,696	*,e	Nationstar Mortgage Holdings, Inc		229
	35,103	*	Ocwen Financial Corp		919
	16,474	*	Signature Bank		1,846
	54,962	*	SVB Financial Group		6,161
	548,500		Wells Fargo & Co		28,451
			TOTAL BANKS		53,235
CAPITAL GOODS - 5.5%
	829,552		3M Co		117,531
	171,755		A.O. Smith Corp		8,121
	15,242		Acuity Brands, Inc		1,794
	32,539		Allegion plc		1,550
	98,600		Alliant Techsystems, Inc		12,585
	47,571		Allison Transmission Holdings, Inc		1,355
	85,189		Ametek, Inc		4,277
	100,705	*	Armstrong World Industries, Inc		5,639
	36,268	*	BE Aerospace, Inc		3,044
	740,459		Boeing Co		94,320
	46,442		Caterpillar, Inc		4,599
	33,438		Chicago Bridge & Iron Co NV		1,934
	33,660	*	Colfax Corp		1,918
	134,297		Crane Co		8,489
	312,783		Cummins, Inc		41,281
	50,216		Danaher Corp		3,815

230

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	28,022	e	Deere & Co	$	2,298
	46,118		Donaldson Co, Inc		1,874
	43,368		Dover Corp		3,484
	182,519		Emerson Electric Co		11,422
	103,211	e	Fastenal Co		4,634
	48,477		Flowserve Corp		3,419
	214,855		Fluor Corp		14,350
	471,875		Fortune Brands Home & Security, Inc		19,399
	35,227		Foster Wheeler AG.		1,114
	94,200		General Dynamics Corp		11,972
	1,200,000		General Electric Co		30,744
	21,409		Graco, Inc		1,562
	34,849	*	HD Supply Holdings, Inc		950
	34,501	*	Hexcel Corp		1,370
	1,293,126		Honeywell International, Inc		120,416
	3,274		Hubbell, Inc (Class B)		395
	247,938		Huntington Ingalls		25,838
	26,275		IDEX Corp		1,902
	118,924		Illinois Tool Works, Inc		10,040
	389,538		Ingersoll-Rand plc		21,954
	6,636		ITT Corp		298
	264,934	e	Joy Global, Inc		14,449
	43,000		L-3 Communications Holdings, Inc		5,114
	99,801		Lennox International, Inc		7,672
	9,548		Lincoln Electric Holdings, Inc		660
	250,838		Lockheed Martin Corp		45,848
	44,833		Manitowoc Co, Inc		1,051
	743,797		Masco Corp		17,792
	146,944	*	Middleby Corp		12,950
	15,175	*	MRC Global, Inc		354
	16,733		MSC Industrial Direct Co (Class A)		1,430
	1,538	*,e	Navistar International Corp		51
	22,740		Nordson Corp		1,730
	39,500		Northrop Grumman Corp		5,204
	3,737	*,e	NOW, Inc		114
	203,300		Oshkosh Truck Corp		8,976
	347,300		Owens Corning, Inc		11,027
	113,231		Paccar, Inc		6,440
	177,164		Pall Corp		14,829
	27,983		Parker Hannifin Corp		3,194
	5,532		Pentair plc		362
	50,415		Precision Castparts Corp		11,942
	19,672	*	Quanta Services, Inc		714
	191,322		Rockwell Automation, Inc		21,022
	42,193		Rockwell Collins, Inc		3,312
	347,468		Roper Industries, Inc		50,831
	348,045		Safran S.A.		22,565
	158,648		Snap-On, Inc		19,209
	54,424	*,e	SolarCity Corp		3,244
	245,667	*	Spirit Aerosystems Holdings, Inc (Class A)		9,350
	6,075		Stanley Works		539
	670,200		Textron, Inc		24,120

231

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	429		Timken Co	$	18
	70,360		Toro Co		4,167
	18,267		TransDigm Group, Inc		3,367
	554,880		Trinity Industries, Inc		25,924
	4,718		Triumph Group, Inc		307
	296,778	*	United Rentals, Inc		32,972
	35,964		United Technologies Corp		3,798
	351,098	*	USG Corp		9,652
	306	e	Valmont Industries, Inc		41
	530	*	Veritiv Corp		27
	335,016		W.W. Grainger, Inc		84,307
	138,289	*	WABCO Holdings, Inc		12,577
	33,146		Westinghouse Air Brake Technologies Corp		2,686
	206,307		Xylem, Inc		7,322
			TOTAL CAPITAL GOODS		1,114,947
COMMERCIAL & PROFESSIONAL SERVICES - 1.5%
	94,431		Cintas Corp		6,666
	15,772	*	Clean Harbors, Inc		850
	649,228	e	CNH Industrial NV (NYSE)		5,148
	37,376	*	Copart, Inc		1,170
	16,141		Covanta Holding Corp		343
	4,642		Dun & Bradstreet Corp		545
	23,037		Equifax, Inc		1,722
	24,039	*	IHS, Inc (Class A)		3,009
	53,845		Iron Mountain, Inc		1,758
	161,588		KAR Auction Services, Inc		4,626
	118,700		Manpower, Inc		8,321
	1,687,944		Nielsen Holdings NV		74,827
	239,889		Pitney Bowes, Inc		5,995
	8,989		R.R. Donnelley & Sons Co		148
	48,524		Robert Half International, Inc		2,378
	21,584		Rollins, Inc		632
	507,280	*	Stericycle, Inc		59,129
	143,225		Tyco International Ltd		6,384
	2,011,021	*	Verisk Analytics, Inc		122,451
	25,029		Waste Connections, Inc		1,214
	16,697		Waste Management, Inc		794
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		308,110
CONSUMER DURABLES & APPAREL - 2.5%
	18,930		Carter’s, Inc		1,468
	95,673		Coach, Inc		3,407
	92,294	*	Deckers Outdoor Corp		8,969
	312,095		DR Horton, Inc		6,404
	208,633	*	Fossil Group, Inc		19,591
	127,289	e	Garmin Ltd		6,618
	5,284	*	GoPro, Inc		495
	353,734		Hanesbrands, Inc		38,005
	134,609		Harman International Industries, Inc		13,197
	34,440		Hasbro, Inc		1,894
	705,572	*	Jarden Corp		42,412

232

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	180,626	*	Kate Spade & Co	$	4,738
	24,139		Leggett & Platt, Inc		843
	2,567		Lennar Corp (Class A)		100
	15,242	e	Luxottica Group S.p.A.		792
	143,757		LVMH Moet Hennessy Louis Vuitton S.A.		23,344
	43,319		Mattel, Inc		1,328
	70,982	*	Michael Kors Holdings Ltd		5,067
	57,838		Newell Rubbermaid, Inc		1,990
	1,826,985		Nike, Inc (Class B)		162,967
	28,760	*	NVR, Inc		32,499
	25,396		Phillips-Van Heusen Corp		3,077
	22,745		Polaris Industries, Inc		3,407
	1,548,300		Pulte Homes, Inc		27,343
	15,632		Ralph Lauren Corp		2,575
	409,100		Sony Corp		7,342
	420,118	*	Tempur-Pedic International, Inc		23,598
	17,801		Tupperware Corp		1,229
	189,020	*	Under Armour, Inc (Class A)		13,061
	607,954		VF Corp		40,143
	2,202		Whirlpool Corp		321
			TOTAL CONSUMER DURABLES & APPAREL		498,224
CONSUMER SERVICES - 2.5%
	382,842		ARAMARK Holdings Corp		10,069
	12,896	*	Bally Technologies, Inc		1,041
	22,887		Brinker International, Inc		1,163
	37,326	e	Burger King Worldwide, Inc		1,107
	38,169	*	Chipotle Mexican Grill, Inc (Class A)		25,443
	1,182		Choice Hotels International, Inc		62
	19,735		Domino’s Pizza, Inc		1,519
	37,548		Dunkin Brands Group, Inc		1,683
	914,712		Extended Stay America, Inc		21,715
	96,754		H&R Block, Inc		3,000
	479,584	*	Hilton Worldwide Holdings, Inc		11,812
	479,100	*	Hyatt Hotels Corp		28,995
	715,000		Interval Leisure Group, Inc		13,621
	247,938		Las Vegas Sands Corp		15,424
	806,544		Marriott International, Inc (Class A)		56,377
	533,913		McDonald’s Corp		50,620
	4,704,937		Merlin Entertainments plc		26,735
	9,798	*	MGM Mirage		223
	29,655	*	Norwegian Cruise Line Holdings Ltd		1,068
	8,656	*	Panera Bread Co (Class A)		1,409
	20,300		SeaWorld Entertainment, Inc		390
	58,605		Service Corp International		1,239
	9,749	*	ServiceMaster Global Holdings, Inc		236
	368,005		Six Flags Entertainment Corp		12,656
	1,720,681		Starbucks Corp		129,842
	30,320		Starwood Hotels & Resorts Worldwide, Inc		2,523
	279,411		Wyndham Worldwide Corp		22,705
	28,182		Wynn Resorts Ltd		5,272
	715,645		Yum! Brands, Inc		51,512
			TOTAL CONSUMER SERVICES		499,461

233

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
DIVERSIFIED FINANCIALS - 4.8%
	503,333	*	Affiliated Managers Group, Inc	$	100,848
	272,160	*	Ally Financial, Inc		6,298
	696,099		American Express Co		60,937
	946,018		Ameriprise Financial, Inc		116,720
	90,898		Artisan Partners Asset Management, Inc		4,731
	61,331		BlackRock, Inc		20,136
	429,300		Blackstone Group LP		13,514
	216,900		Capital One Financial Corp		17,703
	114,252		CBOE Holdings, Inc		6,115
	2,156,862		Charles Schwab Corp		63,390
	587,000		Discover Financial Services		37,797
	42,462		Eaton Vance Corp		1,602
	24,367	e	Federated Investors, Inc (Class B)		715
	112,898		Franklin Resources, Inc		6,165
	493,970		IntercontinentalExchange Group, Inc		96,349
	424,973		Invesco Ltd		16,778
	750,000	e	iShares Russell 1000 Growth Index Fund		68,723
	398,610		Lazard Ltd (Class A)		20,210
	14,320		Legg Mason, Inc		733
	20,965		Leucadia National Corp		500
	30,887		LPL Financial Holdings, Inc		1,422
	1,069,059		McGraw-Hill Financial, Inc		90,282
	1,556,423		Moody’s Corp		147,082
	1,148,844		Morgan Stanley		39,716
	18,238	*	MSCI, Inc (Class A)		858
	16,238	*	NorthStar Asset Management Group, Inc		299
	2,554		Santander Consumer USA Holdings, Inc		46
	188,169		SEI Investments Co		6,804
	45,372		SLM Corp		388
	623,478	*	Synchrony Financial		15,306
	125,040		T Rowe Price Group, Inc		9,803
	82,918		TD Ameritrade Holding Corp		2,767
	30,053		Waddell & Reed Financial, Inc (Class A)		1,553
			TOTAL DIVERSIFIED FINANCIALS		976,290
ENERGY - 4.2%
	48,530		Anadarko Petroleum Corp		4,923
	18,664	*	Antero Resources Corp		1,024
	18,043	*	Athlon Energy, Inc		1,051
	4,231	*	Atwood Oceanics, Inc		185
	149,896		Baker Hughes, Inc		9,752
	145,885		Cabot Oil & Gas Corp		4,769
	349,785	*	Cameron International Corp		23,219
	164,241	*	Cheniere Energy, Inc		13,144
	42,013		Chesapeake Energy Corp		966
	3,625		Cimarex Energy Co		459
	107,123	*	Cobalt International Energy, Inc		1,457
	239,428	*	Concho Resources, Inc		30,022
	30,270	*,e	Continental Resources, Inc		2,012

234

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	3,297	e	CVR Energy, Inc	$	148
	26,065	*	Dresser-Rand Group, Inc		2,144
	13,591	*	Dril-Quip, Inc		1,215
	1,465,205		EOG Resources, Inc		145,085
	48,469		EQT Corp		4,437
	81,651	*	FMC Technologies, Inc		4,434
	1,779	e	Frank’s International NV		33
	23,760	*	Gulfport Energy Corp		1,269
	1,990,877		Halliburton Co		128,431
	143,039		Helmerich & Payne, Inc		13,999
	12,666		Holly Corp		553
	63,620	e	Kinder Morgan, Inc		2,439
	294,079	*	Kosmos Energy LLC		2,929
	20,589	*,e	Laredo Petroleum Holdings, Inc		461
	307,876		Marathon Petroleum Corp		26,068
	9,463	*	Memorial Resource Development Corp		257
	12,221		Nabors Industries Ltd		278
	68,104		National Oilwell Varco, Inc		5,183
	337,694		Noble Energy, Inc		23,085
	33,861	*	Oasis Petroleum, Inc		1,416
	144,338		Oceaneering International, Inc		9,407
	38,862		Oneok, Inc		2,547
	104,200		Patterson-UTI Energy, Inc		3,390
	8,227		PBF Energy, Inc		197
	313,029		Phillips 66		25,452
	76,469		Pioneer Natural Resources Co		15,062
	7,837		Questar Market Resources, Inc		241
	57,790		Range Resources Corp		3,919
	16,449	*	Rice Energy, Inc		438
	272,421		RPC, Inc		5,982
	1,732,241		Schlumberger Ltd		176,151
	37,085	e	Seadrill Ltd		992
	422	*	Seventy Seven Energy, Inc		10
	124,431	*	Southwestern Energy Co		4,349
	317,827		St. Mary Land & Exploration Co		24,791
	92,124		Superior Energy Services		3,028
	13,318		Targa Resources Investments, Inc		1,814
	7,247		Teekay Corp		481
	19,437		Tesoro Corp		1,185
	15,649	*,e	Ultra Petroleum Corp		364
	587,331		Valero Energy Corp		27,176
	205,573	*	Whiting Petroleum Corp		15,942
	1,174,908		Williams Cos, Inc		65,031
	56,790		World Fuel Services Corp		2,267
			TOTAL ENERGY		847,063
FOOD & STAPLES RETAILING - 1.5%
	796,717		Costco Wholesale Corp		99,845
	742,164		CVS Corp		59,069
	1,839,939		Kroger Co		95,677
	1,197,436	*	Rite Aid Corp		5,795
	34,495	*,e	Sprouts Farmers Market, Inc		1,003

235

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	77,279		Sysco Corp	$	2,933
	612,598		Walgreen Co		36,308
	107,584		Wal-Mart Stores, Inc		8,227
	56,227		Whole Foods Market, Inc		2,143
			TOTAL FOOD & STAPLES RETAILING		311,000
FOOD, BEVERAGE & TOBACCO - 4.7%
	3,034,397		Altria Group, Inc		139,400
	625,326		Archer Daniels Midland Co		31,954
	53,545		Brown-Forman Corp (Class B)		4,831
	40,754		Campbell Soup Co		1,741
	2,708,792		Coca-Cola Co		115,557
	732,129		Coca-Cola Enterprises, Inc		32,477
	128,610	*	Constellation Brands, Inc (Class A)		11,210
	601,021		Dr Pepper Snapple Group, Inc		38,652
	60,658		Flowers Foods, Inc		1,114
	214,042		General Mills, Inc		10,798
	16,209	*	Hain Celestial Group, Inc		1,659
	51,966		Hershey Co		4,959
	212,354		Hormel Foods Corp		10,913
	70,440		Ingredion, Inc		5,339
	81,455		Kellogg Co		5,018
	448,579		Keurig Green Mountain, Inc		58,374
	267,160		Kraft Foods Group, Inc		15,068
	407,202		Lorillard, Inc		24,395
	44,971		McCormick & Co, Inc		3,009
	494,902		Mead Johnson Nutrition Co		47,619
	110,000		Molson Coors Brewing Co (Class B)		8,188
	287,900		Mondelez International, Inc		9,865
	842,384	*	Monster Beverage Corp		77,221
	1,494,459		PepsiCo, Inc		139,119
	475,414		Philip Morris International, Inc		39,650
	815,200	*	Pilgrim’s Pride Corp		24,913
	80,914		Reynolds American, Inc		4,774
	492,028		SABMiller plc		27,267
	640,733	e	Suntory Beverage & Food Ltd		22,689
	559,589		Tyson Foods, Inc (Class A)		22,031
	196,228	*	WhiteWave Foods Co (Class A)		7,129
			TOTAL FOOD, BEVERAGE & TOBACCO		946,933
HEALTH CARE EQUIPMENT & SERVICES - 3.5%
	1,241,490		Abbott Laboratories		51,634
	439,046		Aetna, Inc		35,563
	133,220	*	Align Technology, Inc		6,885
	22,177	*	Allscripts Healthcare Solutions, Inc		298
	78,819		AmerisourceBergen Corp		6,093
	13,350	*,e	athenahealth, Inc		1,758
	81,784		Bard (C.R.), Inc		11,671
	196,617		Baxter International, Inc		14,111
	177,374		Becton Dickinson & Co		20,187
	43,477	*	Boston Scientific Corp		513
	56,778	*	Brookdale Senior Living, Inc		1,829

236

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	152,964		Cardinal Health, Inc	$	11,460
	336,600	*	CareFusion Corp		15,231
	456,354	*	Catamaran Corp		19,235
	153,823	*	Centene Corp		12,723
	1,034,467	*	Cerner Corp		61,623
	176,374		Cigna Corp		15,995
	12,489		Cooper Cos, Inc		1,945
	229,733	*	DaVita, Inc		16,803
	15,765		Dentsply International, Inc		719
	183,080	*	Edwards Lifesciences Corp		18,702
	28,607	*	Envision Healthcare Holdings, Inc		992
	273,119	*	Express Scripts Holding Co		19,290
	262,668		HCA Holdings, Inc		18,523
	109,700	*	Health Net, Inc		5,058
	248,900		Healthsouth Corp		9,184
	29,525	*	Henry Schein, Inc		3,439
	27,442	*	Hologic, Inc		668
	88,200		Humana, Inc		11,492
	48,166	*	Idexx Laboratories, Inc		5,675
	26,373	*	IMS Health Holdings, Inc		691
	147,684	*	Intuitive Surgical, Inc		68,203
	11,811	*	Laboratory Corp of America Holdings		1,202
	504,227		McKesson Corp		98,158
	590,691	*,e	Olympus Corp		21,183
	3,101		Patterson Cos, Inc		128
	23,152	*	Pediatrix Medical Group, Inc		1,269
	605,016	*	Premier, Inc		19,881
	49,542	e	Resmed, Inc		2,441
	12,538	*	Sirona Dental Systems, Inc		961
	291,373		St. Jude Medical, Inc		17,520
	69,754		Stryker Corp		5,633
	34,393	*	Tenet Healthcare Corp		2,043
	226,177		Universal Health Services, Inc (Class B)		23,636
	36,700	*	Varian Medical Systems, Inc		2,940
	12,957	*,e	Veeva Systems, Inc		365
	347,000		WellPoint, Inc		41,508
	4,213		Zimmer Holdings, Inc		424
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		707,485
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	62,343		Avon Products, Inc		786
	46,920		Church & Dwight Co, Inc		3,292
	37,674		Clorox Co		3,618
	609,169		Colgate-Palmolive Co		39,730
	185,679	e	Coty, Inc		3,073
	1,857,215		Estee Lauder Cos (Class A)		138,771
	26,607	e	Herbalife Ltd		1,164
	108,784		Kimberly-Clark Corp		11,702
	19,128	e	Nu Skin Enterprises, Inc (Class A)		861
	53,859		Procter & Gamble Co		4,510
	7,485		Spectrum Brands, Inc		678
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		208,185

237

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
INSURANCE - 0.7%
	215,919		ACE Ltd	$	22,643
	240,800		Allstate Corp		14,778
	4,781		American Financial Group, Inc		277
	195,638		Aon plc		17,151
	52,418		Arthur J. Gallagher & Co		2,378
	346,400		Axis Capital Holdings Ltd		16,395
	2,283		Brown & Brown, Inc		73
	8,638		Erie Indemnity Co (Class A)		655
	340,615		Marsh & McLennan Cos, Inc		17,828
	346,700		Metlife, Inc		18,625
	117,700		PartnerRe Ltd		12,934
	163,400		Prudential Financial, Inc		14,369
	6,663		Reinsurance Group of America, Inc (Class A)		534
	145,900		Travelers Cos, Inc		13,706
			TOTAL INSURANCE		152,346
MATERIALS - 3.6%
	26,222		Airgas, Inc		2,901
	11,393		Albemarle Corp		671
	901,010		Alcoa, Inc		14,497
	4,839		Aptargroup, Inc		294
	266,814		Avery Dennison Corp		11,913
	290,309		Ball Corp		18,368
	850,949	*	Berry Plastics Group, Inc		21,478
	5,548		Celanese Corp (Series A)		325
	15,145		CF Industries Holdings, Inc		4,229
	11,834		Compass Minerals International, Inc		997
	208,125	*	Crown Holdings, Inc		9,266
	3,502		Cytec Industries, Inc		166
	669,702		Dow Chemical Co		35,119
	349,260		Du Pont (E.I.) de Nemours & Co		25,063
	17,641		Eagle Materials, Inc		1,796
	352,437		Eastman Chemical Co		28,509
	92,883		Ecolab, Inc		10,666
	46,988		FMC Corp		2,687
	973,900	*	Graphic Packaging Holding Co		12,106
	49,831		Huntsman Corp		1,295
	28,707		International Flavors & Fragrances, Inc		2,752
	23,465		International Paper Co		1,120
	862,269		LyondellBasell Industries AF S.C.A		93,694
	21,844		Martin Marietta Materials, Inc		2,817
	1,226,332		Monsanto Co		137,975
	2,993		NewMarket Corp		1,140
	505,592	*	Owens-Illinois, Inc		13,171
	385,187		Packaging Corp of America		24,583
	30,015	*	Platform Specialty Products Corp		751
	466,197		PPG Industries, Inc		91,720
	102,060		Praxair, Inc		13,166
	2,081	e	Rayonier Advanced Materials, Inc		68
	2,406		Rockwood Holdings, Inc		184

238

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	43,613		RPM International, Inc	$	1,997
	15,813		Scotts Miracle-Gro Co (Class A)		870
	348,802		Sealed Air Corp		12,166
	289,108		Sherwin-Williams Co		63,312
	18,750		Sigma-Aldrich Corp		2,550
	13,835		Silgan Holdings, Inc		650
	169,554		Southern Copper Corp (NY)		5,027
	3,653	*	Tahoe Resources, Inc		74
	1,080		TimkenSteel Corp		50
	149,500	e	United States Steel Corp		5,856
	95,300	e	US Silica Holdings Inc		5,957
	29,875		Valspar Corp		2,360
	149,600		West Fraser Timber Co Ltd		7,313
	283,700		Westlake Chemical Corp		24,566
	23,196	*	WR Grace & Co		2,109
			TOTAL MATERIALS		720,344
MEDIA - 5.4%
	21,060	*	AMC Networks, Inc		1,230
	68,888	e	Cablevision Systems Corp (Class A)		1,206
	206,073		CBS Corp (Class B)		11,025
	96,200		CBS Outdoor Americas, Inc		2,880
	28,006	*	Charter Communications, Inc		4,239
	40,729		Cinemark Holdings, Inc		1,387
	7,971		Clear Channel Outdoor Holdings, Inc (Class A)		54
	6,271,634		Comcast Corp (Class A)		337,289
	893,414	*	DIRECTV		77,298
	283,764	*	Discovery Communications, Inc (Class A)		10,726
	281,797	*	Discovery Communications, Inc (Class C)		10,505
	564,441		DISH Network Corp (Class A)		36,452
	954,823		Interpublic Group of Cos, Inc		17,492
	28,031	e	Lamar Advertising Co (Class A)		1,381
	163,709	e	Lions Gate Entertainment Corp		5,398
	25,818	*	Live Nation, Inc		620
	5,728		Morningstar, Inc		389
	198,602	*	News Corp		3,247
	90,004		Omnicom Group, Inc		6,198
	6,395	e	Regal Entertainment Group (Class A)		127
	37,293		Scripps Networks Interactive (Class A)		2,912
	3,404,056	e	Sirius XM Holdings, Inc		11,880
	1,035,772		Smiles S.A.		16,418
	369,076	*	Starz-Liberty Capital		12,209
	389,297		Time Warner Cable, Inc		55,860
	1,081,402		Time Warner, Inc		81,332
	419,186	*	Tribune Co		27,583
	559,308		Twenty-First Century Fox, Inc		19,179
	791,065		Viacom, Inc (Class B)		60,865
	3,046,505		Walt Disney Co		271,230
			TOTAL MEDIA		1,088,611
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.7%
	1,774,841		AbbVie, Inc		102,515

239

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	557,012	*	Actavis plc	$	134,396
	16,817		Agilent Technologies, Inc		958
	760,660	*	Alexion Pharmaceuticals, Inc		126,132
	1,573,582	*	Alkermes plc		67,459
	630,237		Allergan, Inc		112,302
	19,885	*	Alnylam Pharmaceuticals, Inc		1,553
	881,553		Amgen, Inc		123,823
	661,386	*	Biogen Idec, Inc		218,793
	51,539	*	BioMarin Pharmaceuticals, Inc		3,719
	1,942,800		Bristol-Myers Squibb Co		99,433
	157,882	*	Bruker BioSciences Corp		2,923
	3,508,838	*	Celgene Corp		332,568
	8,051	*	Charles River Laboratories International, Inc		481
	18,333	*	Covance, Inc		1,443
	25,211	*	Cubist Pharmaceuticals, Inc		1,673
	175,852	*	Endo International plc		12,018
	3,989,854	*	Gilead Sciences, Inc		424,720
	412,958	*	Illumina, Inc		67,692
	51,076	*	Incyte Corp		2,505
	4,386	*	Intercept Pharmaceuticals, Inc		1,038
	57,859	*	Jazz Pharmaceuticals plc		9,290
	154,300		Johnson & Johnson		16,447
	481,615	*	Mallinckrodt plc		43,418
	26,261	*	Medivation, Inc		2,596
	141,869		Merck & Co, Inc		8,410
	10,031	*	Mettler-Toledo International, Inc		2,569
	823,058	*	Mylan Laboratories, Inc		37,441
	259,661	*,e	Myriad Genetics, Inc		10,015
	1,380,062		Novo Nordisk AS		65,707
	7,123	*	PerkinElmer, Inc		311
	813,279		Perrigo Co plc		122,146
	342,605		Pfizer, Inc		10,131
	21,188	*,e	Pharmacyclics, Inc		2,488
	8,318	*	Quintiles Transnational Holdings, Inc		464
	27,467	*	Regeneron Pharmaceuticals, Inc		9,902
	456,085	*	Salix Pharmaceuticals Ltd		71,259
	35,698	*,e	Seattle Genetics, Inc		1,327
	6,230		Techne Corp		583
	280,134		Thermo Electron Corp		34,092
	16,930	*	United Therapeutics Corp		2,178
	82,496	*	Vertex Pharmaceuticals, Inc		9,265
	105,231	*	Waters Corp		10,431
	1,725,610		Zoetis Inc		63,761
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,372,375
REAL ESTATE - 1.5%
	526,222		American Tower Corp		49,270
	29,143		Apartment Investment & Management Co (Class A)		927
	6,428		Boston Properties, Inc		744
	3,079,867	*	CBRE Group, Inc		91,595
	7,778		Columbia Property Trust, Inc		186
	116,220		Crown Castle International Corp		9,359

240

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	143,261		Equity Lifestyle Properties, Inc	$	6,069
	224,420		Extra Space Storage, Inc		11,573
	15,122		Federal Realty Investment Trust		1,791
	3,484	e	Gaming and Leisure Properties, Inc		108
	6,657,545	e	Global Logistic Properties		14,131
	57,480		Health Care REIT, Inc		3,585
	11,864		Healthcare Trust of America, Inc		138
	6,660	*	Howard Hughes Corp		999
	37,386		Jones Lang LaSalle, Inc		4,723
	16,238		NorthStar Realty Finance Corp		287
	14,527	e	Omega Healthcare Investors, Inc		497
	30,101		Plum Creek Timber Co, Inc		1,174
	46,174		Public Storage, Inc		7,658
	6,245		Rayonier, Inc		194
	1,344,991	*	Realogy Holdings Corp		50,034
	222,173		Simon Property Group, Inc		36,530
	19,862		Tanger Factory Outlet Centers, Inc		650
	19,828		Taubman Centers, Inc		1,447
	49,040		Ventas, Inc		3,038
	14,091		Vornado Realty Trust		1,409
	18,922		Weyerhaeuser Co		603
			TOTAL REAL ESTATE		298,719
RETAILING - 7.3%
	1,948		Aaron’s, Inc		47
	3,238		Abercrombie & Fitch Co (Class A)		118
	141,630		Advance Auto Parts, Inc		18,454
	853,129	*	Amazon.com, Inc		275,083
	186,760	*,e	ASOS plc		6,812
	25,639	*	Autonation, Inc		1,290
	83,956	*	AutoZone, Inc		42,789
	129,876	*,e	Bed Bath & Beyond, Inc		8,550
	879,572		Best Buy Co, Inc		29,545
	5,478		Big Lots, Inc		236
	1,440	*,e	Cabela’s, Inc		85
	945,633	*	Carmax, Inc		43,925
	23,299		Chico’s FAS, Inc		344
	22,759		CST Brands, Inc		818
	836,930	*	Ctrip.com International Ltd (ADR)		47,504
	6,234		Dick’s Sporting Goods, Inc		274
	158,019		Dillard’s, Inc (Class A)		17,221
	82,923	*	Dollar General Corp		5,067
	71,693	*	Dollar Tree, Inc		4,020
	1,698,666		Expedia, Inc		148,837
	31,741	e	Family Dollar Stores, Inc		2,452
	84,232		Fast Retailing Co Ltd		28,226
	679,686		Foot Locker, Inc		37,825
	176,200	e	GameStop Corp (Class A)		7,259
	93,267		Gap, Inc		3,888
	50,782		Genuine Parts Co		4,454
	30,126		GNC Holdings, Inc		1,167
	6,431,274	*,e	Groupon, Inc		42,961

241

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	2,975,468		Home Depot, Inc	$	272,969
	30,520	*	HomeAway, Inc		1,084
	500,350	*,e	JD.com, Inc (ADR)		12,919
	1,785,627		Kingfisher plc		9,339
	51,062		Kohl’s Corp		3,116
	30,551		L Brands, Inc		2,046
	1,107,236	*	Liberty Interactive Corp		31,578
	26,036	*	Liberty TripAdvisor Holdings, Inc		883
	26,036	*	Liberty Ventures		988
	106,636	*	LKQ Corp		2,835
	1,293,684		Lowe’s Companies, Inc		68,462
	775,561		Macy’s, Inc		45,122
	6,219	*	Michaels Cos, Inc		109
	95,752	*	Murphy USA, Inc		5,081
	86,977	*	NetFlix, Inc		39,242
	47,818		Nordstrom, Inc		3,269
	198,561	*	O’Reilly Automotive, Inc		29,856
	6,069		Penske Auto Group, Inc		246
	34,973		Petsmart, Inc		2,451
	37,433	*	Priceline.com, Inc		43,369
	210,895		Ross Stores, Inc		15,939
	42,273	*	Sally Beauty Holdings, Inc		1,157
	6,556	*,e	Sears Holdings Corp		165
	19,419		Signet Jewelers Ltd		2,212
	22,189		Target Corp		1,391
	39,046		Tiffany & Co		3,761
	663,415		TJX Companies, Inc		39,254
	47,695		Tractor Supply Co		2,934
	122,510	*	TripAdvisor, Inc		11,200
	379,802	*	Ulta Salon Cosmetics & Fragrance, Inc		44,881
	27,218	*	Urban Outfitters, Inc		999
	33,201		Williams-Sonoma, Inc		2,210
	3,369	*,e	zulily, Inc		128
			TOTAL RETAILING		1,480,446
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.1%
	214,927	*,e	Advanced Micro Devices, Inc		733
	292,618		Altera Corp		10,470
	50,557		Analog Devices, Inc		2,502
	283,044		Applied Materials, Inc		6,117
	148,588	*	Atmel Corp		1,201
	374,349		Avago Technologies Ltd		32,568
	978,587		Broadcom Corp (Class A)		39,555
	23,558	*,e	Cree, Inc		965
	121,257	*	First Solar, Inc		7,980
	34,159	*,e	Freescale Semiconductor Holdings Ltd		667
	219,000	*	Hynix Semiconductor, Inc		9,693
	308,686		Intel Corp		10,749
	52,473		Kla-Tencor Corp		4,134
	1,237,685		Lam Research Corp		92,455
	81,885		Linear Technology Corp		3,635
	1,129,700		Marvell Technology Group Ltd		15,228

242

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	91,645		Maxim Integrated Products, Inc	$	2,771
	70,747	e	Microchip Technology, Inc		3,341
	1,732,513	*	Micron Technology, Inc		59,356
	416,975		Nvidia Corp		7,693
	1,029,404	*	NXP Semiconductors NV		70,442
	79,672	*	ON Semiconductor Corp		712
	268,605		Skyworks Solutions, Inc		15,593
	153,014	*	SunEdison, Inc		2,889
	8,789		Teradyne, Inc		170
	441,722		Texas Instruments, Inc		21,066
	94,721		Xilinx, Inc		4,011
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		426,696
SOFTWARE & SERVICES - 20.6%
	647,838		Accenture plc		52,682
	115,287		Activision Blizzard, Inc		2,397
	2,685,621	*	Adobe Systems, Inc		185,818
	421,193	*	Akamai Technologies, Inc		25,187
	609,828	*	Alibaba Group Holding Ltd (ADR)		54,183
	115,281	*	Alliance Data Systems Corp		28,621
	356,691		Amdocs Ltd		16,365
	7,548	*	Ansys, Inc		571
	147,800		AOL, Inc		6,644
	1,456,430	*	Autodesk, Inc		80,249
	168,361		Automatic Data Processing, Inc		13,987
	24,483		Booz Allen Hamilton Holding Co		573
	272,406		Broadridge Financial Solutions, Inc		11,340
	102,199	*	Cadence Design Systems, Inc		1,759
	184,415	*	Citrix Systems, Inc		13,156
	551,957	*	Cognizant Technology Solutions Corp (Class A)		24,711
	305,469		Computer Sciences Corp		18,679
	16,829	*	Concur Technologies, Inc		2,134
	11,406	*	CoStar Group, Inc		1,774
	8,669		DST Systems, Inc		728
	2,021,474	*	eBay, Inc		114,476
	371,775	*	Electronic Arts, Inc		13,239
	105,901	*	Equinix, Inc		22,502
	5,368,493	*	Facebook, Inc		424,326
	14,414	e	Factset Research Systems, Inc		1,752
	12,511		Fidelity National Information Services, Inc		704
	23,962	*,e	FireEye, Inc		732
	86,864	*	Fiserv, Inc		5,615
	74,138	*	FleetCor Technologies, Inc		10,537
	48,385	*	Fortinet, Inc		1,222
	30,956	*	Gartner, Inc		2,274
	7,414	*	Genpact Ltd		121
	318,332		Global Payments, Inc		22,245
	670,765	*	Google, Inc		387,273
	516,141	*	Google, Inc (Class A)		303,703
	372,989		IAC/InterActiveCorp		24,580
	34,890	*	Informatica Corp		1,195
	899,248		International Business Machines Corp		170,704

243

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	2,931,715		Intuit, Inc	$	256,965
	28,556		Jack Henry & Associates, Inc		1,589
	3,711,273	*	Just Eat plc		17,749
	514,789	e	King Digital Entertainment plc		6,538
	170,348	*	LinkedIn Corp		35,397
	3,177,030		Mastercard, Inc (Class A)		234,846
	9,796,504		Microsoft Corp		454,166
	94,500		Netease.com (ADR)		8,095
	14,626	*,e	NetSuite, Inc		1,310
	4,698,937		Oracle Corp		179,875
	483,187	*	Pandora Media, Inc		11,674
	100,735		Paychex, Inc		4,453
	157,400	*	PTC, Inc		5,808
	41,232	*	Rackspace Hosting, Inc		1,342
	1,454,568	*	Red Hat, Inc		81,674
	421,700	*	Rovi Corp		8,327
	14,733		Sabre Corp		264
	3,029,020	*	Salesforce.com, Inc		174,259
	49,684	*	ServiceNow, Inc		2,920
	118,170	*	SolarWinds, Inc		4,969
	24,306		Solera Holdings, Inc		1,370
	40,317	*	Splunk, Inc		2,232
	13,163	*	Tableau Software, Inc		956
	1,017,607		Tencent Holdings Ltd		15,144
	43,812	*	Teradata Corp		1,837
	57,417	*	TIBCO Software, Inc		1,357
	45,708		Total System Services, Inc		1,415
	644,829	*	Twitter, Inc		33,260
	310,823	*	Vantiv, Inc		9,604
	39,295	*	VeriFone Systems, Inc		1,351
	42,566	*	VeriSign, Inc		2,346
	1,395,844		Visa, Inc (Class A)		297,831
	430,908	*	VistaPrint Ltd		23,609
	1,233,607	*,e	VMware, Inc (Class A)		115,762
	190,040	e	Western Union Co		3,048
	33,142	*	Workday, Inc		2,734
	2,232,339	*	Yahoo!, Inc		90,968
	262,598	*,e	Yelp, Inc		17,922
	10,921	*	Zillow, Inc		1,267
			TOTAL SOFTWARE & SERVICES		4,164,991
TECHNOLOGY HARDWARE & EQUIPMENT - 7.3%
	38,506	*,e	3D Systems Corp		1,786
	4,884,448	*,e	Alcatel S.A.		15,065
	54,744		Amphenol Corp (Class A)		5,467
	11,189,392	d	Apple, Inc		1,127,331
	1,553	*	Arista Networks, Inc		137
	145,281	*	ARRIS Group, Inc		4,119
	9,737		Avnet, Inc		404
	30,685		CDW Corp		953
	21,972	*	CommScope Holding Co, Inc		525
	328,154		Corning, Inc		6,347

244

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	22,483		Diebold, Inc	$	794
	2,856	*	EchoStar Corp (Class A)		139
	442,210		EMC Corp		12,939
	161,112	*	F5 Networks, Inc		19,130
	35,016		Flir Systems, Inc		1,097
	7,426		Harris Corp		493
	593,400		Hewlett-Packard Co		21,048
	11,749	e	IPG Photonics Corp		808
	352,498		Juniper Networks, Inc		7,808
	17,733		Motorola, Inc		1,122
	35,136		National Instruments Corp		1,087
	4,875	*	NCR Corp		163
	667,706		NetApp, Inc		28,685
	18,383	*	Palo Alto Networks, Inc		1,803
	1,432,013		Qualcomm, Inc		107,072
	56,699	*	Riverbed Technology, Inc		1,052
	310,293		SanDisk Corp		30,393
	371,700		Seagate Technology, Inc		21,287
	146,595	*,e	Stratasys Ltd		17,706
	92,160	*	Trimble Navigation Ltd		2,811
	444,100		Western Digital Corp		43,220
	17,828	*	Zebra Technologies Corp (Class A)		1,265
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,484,056
TELECOMMUNICATION SERVICES - 1.3%
	12,809		CenturyTel, Inc		524
	879,603	*	Level 3 Communications, Inc		40,224
	44,811	*	SBA Communications Corp (Class A)		4,969
	927,400		Softbank Corp		64,778
	48,710	*	tw telecom inc (Class A)		2,027
	2,835,086		Verizon Communications, Inc		141,726
	199,103	e	Windstream Holdings, Inc		2,146
			TOTAL TELECOMMUNICATION SERVICES		256,394
TRANSPORTATION - 3.7%
	816,970		Alaska Air Group, Inc		35,571
	33,472		Amerco, Inc		8,766
	250,670		American Airlines Group, Inc		8,894
	347,498	*	Avis Budget Group, Inc		19,074
	265,164		Canadian Pacific Railway Ltd		55,014
	233,403		CH Robinson Worldwide, Inc		15,479
	9,231		Copa Holdings S.A. (Class A)		990
	1,557,984		Delta Air Lines, Inc		56,321
	263,927		Expeditors International of Washington, Inc		10,710
	294,437		FedEx Corp		47,537
	59,065	*	Genesee & Wyoming, Inc (Class A)		5,629
	1,955,697	*	Hertz Global Holdings, Inc		49,655
	32,490		J.B. Hunt Transport Services, Inc		2,406
	315,601		Kansas City Southern Industries, Inc		38,251
	114,079	*	Kirby Corp		13,444
	14,880		Landstar System, Inc		1,074
	968,475	e	Latam Airlines Group S.A. (ADR)		11,012

245

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

				VALUE
SHARES			COMPANY	(000)
	137,372		Norfolk Southern Corp	$	15,331
	21,143	*	Old Dominion Freight Line		1,494
	1,068,269		Royal Mail plc		6,768
	21,951		Ryanair Holdings plc (ADR)		1,239
	97,746		Ryder System, Inc		8,794
	2,005,128		Southwest Airlines Co		67,713
	174,396	*	Spirit Airlines, Inc		12,058
	450,012	*	UAL Corp		21,056
	1,899,715		Union Pacific Corp		205,967
	343,560		United Parcel Service, Inc (Class B)		33,768
			TOTAL TRANSPORTATION		754,015
UTILITIES - 0.1%
	446,150	*	Calpine Corp		9,682
	68,491		Dominion Resources, Inc		4,732
	52,523		ITC Holdings Corp		1,871
			TOTAL UTILITIES		16,285
			TOTAL COMMON STOCKS		20,099,008
			(Cost $15,874,168)

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE
SHORT-TERM INVESTMENTS - 2.5%
GOVERNMENT AGENCY DEBT - 0.1%
$	11,600,000	d	Federal Home Loan Bank (FHLB)		0.065	%	10/03/14	11,600
	1,000,000		Federal Home Loan Mortgage Corp (FHLMC)		0.067		11/10/14	1,000
	10,400,000	d	Federal National Mortgage Association (FNMA)		0.050		12/15/14	10,399
			TOTAL GOVERNMENT AGENCY DEBT					22,999
TREASURY DEBT - 0.6%
	5,400,000	d	United States Treasury Bill		0.046		11/20/14	5,400
	1,300,000	d	United States Treasury Bill		0.080		03/05/15	1,300
	70,000,000	d	United States Treasury Bill		0.030		03/26/15	69,991
	4,500,000	d	United States Treasury Bill		0.090		04/02/15	4,499
	11,000,000	d	United States Treasury Bill	0.096-0.103			08/20/15	10,992
	30,000,000	d	United States Treasury Bill		0.092		09/17/15	29,971
			TOTAL TREASURY DEBT					122,153

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%
	371,452,588	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust	371,453
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES	371,453
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED	371,453

246

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

		VALUE
SHARES	COMPANY	(000)
	TOTAL SHORT-TERM INVESTMENTS	$	516,605
	(Cost $516,602)
	TOTAL INVESTMENTS - 101.8%		20,615,613
	(Cost $16,390,770)
	OTHER ASSETS & LIABILITIES, NET - (1.8)%		(372,222	)
	NET ASSETS - 100.0%	$	20,243,391

	Abbreviation(s):
ADR	American Depositary Receipt
REIT	Real Estate Investment Trust
*	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 to cover margin 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 $357,277,000.
	Cost amounts are in thousands.

247

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

COLLEGE RETIREMENT EQUITIES FUND

EQUITY INDEX ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

				VALUE
SHARES			COMPANY	(000)
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.0%
	51,119	*	American Axle & Manufacturing Holdings, Inc	$	857
	173,046		BorgWarner, Inc		9,104
	49,248		Cooper Tire & Rubber Co		1,413
	10,380	*	Cooper-Standard Holding, Inc		648
	116,351		Dana Holding Corp		2,230
	20,588	e	Dorman Products, Inc		825
	16,941		Drew Industries, Inc		715
	14,344	*	Federal Mogul Corp (Class A)		213
	2,920,801		Ford Motor Co		43,199
	8,733	*	Fox Factory Holding Corp		135
	11,841	*	Fuel Systems Solutions, Inc		106
	1,199,137		General Motors Co		38,300
	109,188		Gentex Corp		2,923
	27,497	*	Gentherm, Inc		1,161
	186,602		Goodyear Tire & Rubber Co		4,214
	165,462		Harley-Davidson, Inc		9,630
	500,294		Johnson Controls, Inc		22,013
	61,452		Lear Corp		5,310
	36,302	*	Modine Manufacturing Co		431
	11,490	*	Motorcar Parts of America, Inc		313
	11,007		Remy International, Inc		226
	4,154		Shiloh Industries, Inc		71
	30,024		Spartan Motors, Inc		140
	15,087		Standard Motor Products, Inc		519
	20,247	*	Stoneridge, Inc		228
	2,693		Strattec Security Corp		219
	17,815		Superior Industries International, Inc		312
	46,120	*	Tenneco, Inc		2,413
	71,570	*,e	Tesla Motors, Inc		17,369
	33,978		Thor Industries, Inc		1,750
	15,398	*	Tower International, Inc		388
	82,566	*	TRW Automotive Holdings Corp		8,360
	36,663	*	Visteon Corp		3,566
	21,322	*	Winnebago Industries, Inc		464
			TOTAL AUTOMOBILES & COMPONENTS		179,765
BANKS - 6.0%
	11,459		1st Source Corp		326
	22,198		1st United Bancorp, Inc		189
	5,882		American National Bankshares, Inc		134
	18,171		Ameris Bancorp		399
	7,069	e	Ames National Corp		158
	24,400		Apollo Residential Mortgage		376
	7,345	e	Arrow Financial Corp		184

248

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	127,805		Associated Banc-Corp	$	2,226
	66,701		Astoria Financial Corp		826
	22,313	e	Banc of California, Inc		259
	5,016		Bancfirst Corp		314
	21,466		Banco Latinoamericano de Exportaciones S.A. (Class E)		659
	73,283		Bancorpsouth, Inc		1,476
	41,404		Bank Mutual Corp		265
	7,910,377		Bank of America Corp		134,872
	32,426		Bank of Hawaii Corp		1,842
	4,416		Bank of Kentucky Financial Corp		204
	3,864		Bank of Marin Bancorp		177
	60,507		Bank of the Ozarks, Inc		1,907
	17,629		BankFinancial Corp		183
	70,225		BankUnited		2,141
	12,411		Banner Corp		477
	531,229		BB&T Corp		19,767
	59,137		BBCN Bancorp, Inc		863
	5,242	*	BBX Capital Corp		91
	23,421	*	Beneficial Mutual Bancorp, Inc		299
	17,538		Berkshire Hills Bancorp, Inc		412
	8,326	*	Blue Hills Bancorp, Inc		109
	13,481		BNC Bancorp		211
	10,804	*,e	BofI Holding, Inc		786
	20,505		BOK Financial Corp		1,363
	59,217		Boston Private Financial Holdings, Inc		734
	8,872		Bridge Bancorp, Inc		210
	7,190	*	Bridge Capital Holdings		163
	54,590		Brookline Bancorp, Inc		467
	10,466		Bryn Mawr Bank Corp		296
	5,527		Camden National Corp		193
	16,948	*	Capital Bank Financial Corp		405
	9,158		Capital City Bank Group, Inc		124
	111,251		Capitol Federal Financial		1,315
	22,480		Cardinal Financial Corp		384
	21,201	*	Cascade Bancorp		107
	60,166		Cathay General Bancorp		1,494
	23,433		Centerstate Banks of Florida, Inc		243
	11,733		Central Pacific Financial Corp		210
	2,883		Century Bancorp, Inc		100
	17,428		Charter Financial Corp		186
	21,008		Chemical Financial Corp		565
	145,799		CIT Group, Inc		6,701
	2,288,887		Citigroup, Inc		118,610
	9,568		Citizens & Northern Corp		182
	10,721	e	City Holding Co		452
	35,413		City National Corp		2,680
	19,650		Clifton Bancorp, Inc		247
	9,772		CNB Financial Corp		153
	26,184		CoBiz, Inc		293
	38,948		Columbia Banking System, Inc		966
	137,759		Comerica, Inc		6,869
	59,691		Commerce Bancshares, Inc		2,665

249

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	32,481		Community Bank System, Inc	$	1,091
	12,718		Community Trust Bancorp, Inc		428
	7,261	*	CommunityOne Bancorp		64
	18,360		ConnectOne Bancorp, Inc		350
	5,720	*	CU Bancorp		108
	39,527		Cullen/Frost Bankers, Inc		3,024
	19,196	*	Customers Bancorp, Inc		345
	80,226		CVB Financial Corp		1,151
	23,810		Dime Community Bancshares		343
	16,666	*	Eagle Bancorp, Inc		530
	107,886		East West Bancorp, Inc		3,668
	4,559		Enterprise Bancorp, Inc		86
	14,785		Enterprise Financial Services Corp		247
	10,062		ESB Financial Corp		118
	31,561	*	Essent Group Ltd		676
	63,330		EverBank Financial Corp		1,118
	6,300	*	FCB Financial Holdings, Inc		143
	7,387		Federal Agricultural Mortgage Corp (Class C)		237
	12,551		Fidelity Southern Corp		172
	644,558		Fifth Third Bancorp		12,904
	10,211		Financial Institutions, Inc		230
	15,337		First Bancorp (NC)		246
	77,562	*	First Bancorp (Puerto Rico)		368
	6,485		First Bancorp, Inc		108
	58,052		First Busey Corp		323
	3,088	e	First Business Financial Services, Inc		136
	5,634		First Citizens Bancshares, Inc (Class A)		1,220
	73,506		First Commonwealth Financial Corp		617
	12,139		First Community Bancshares, Inc		173
	13,926		First Connecticut Bancorp		202
	7,726		First Defiance Financial Corp		209
	44,691		First Financial Bancorp		707
	48,150	e	First Financial Bankshares, Inc		1,338
	8,954		First Financial Corp		277
	12,796		First Financial Northwest, Inc		131
	191,562		First Horizon National Corp		2,352
	13,482		First Interstate Bancsystem, Inc		358
	26,538		First Merchants Corp		536
	57,533		First Midwest Bancorp, Inc		926
	11,498	*	First NBC Bank Holding Co		377
	263,698		First Niagara Financial Group, Inc		2,197
	5,749		First of Long Island Corp		198
	100,941		First Republic Bank		4,984
	125,914		FirstMerit Corp		2,216
	15,789	*	Flagstar Bancorp, Inc		266
	23,200		Flushing Financial Corp		424
	126,368		FNB Corp		1,515
	11,394		Fox Chase Bancorp, Inc		186
	10,443		Franklin Financial Corp		194
	147,923		Fulton Financial Corp		1,639
	8,476		German American Bancorp, Inc		219
	56,600		Glacier Bancorp, Inc		1,464

250

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	7,809		Great Southern Bancorp, Inc	$	237
	11,166		Guaranty Bancorp		151
	63,724		Hancock Holding Co		2,042
	23,963		Hanmi Financial Corp		483
	10,342		Heartland Financial USA, Inc		247
	15,254		Heritage Commerce Corp		125
	22,833		Heritage Financial Corp		362
	14,409		Heritage Oaks Bancorp		101
	40,940		Home Bancshares, Inc		1,204
	54,100	e	Home Loan Servicing Solutions Ltd		1,146
	11,314		HomeStreet, Inc		193
	16,046	*	HomeTrust Bancshares, Inc		234
	6,700		Horizon Bancorp		154
	404,335		Hudson City Bancorp, Inc		3,930
	11,015		Hudson Valley Holding Corp		200
	627,640		Huntington Bancshares, Inc		6,107
	23,816		IBERIABANK Corp		1,489
	17,904	e	Independent Bank Corp (MA)		640
	17,558		Independent Bank Corp (MI)		209
	6,960		Independent Bank Group, Inc		330
	40,567		International Bancshares Corp		1,001
	270,415		Investors Bancorp, Inc		2,739
	2,846,657		JPMorgan Chase & Co		171,482
	14,732	*	Kearny Financial Corp		196
	668,896		Keycorp		8,916
	11,600	*	Ladder Capital Corp		219
	28,418		Lakeland Bancorp, Inc		277
	12,420		Lakeland Financial Corp		466
	98,740	e	M&T Bank Corp		12,174
	18,100		Macatawa Bank Corp		87
	15,363		MainSource Financial Group, Inc		265
	49,622		MB Financial, Inc		1,374
	12,428		Mercantile Bank Corp		237
	3,784		Merchants Bancshares, Inc		107
	17,750	*	Meridian Bancorp, Inc		187
	4,004		Meta Financial Group, Inc		141
	256,905	*,e	MGIC Investment Corp		2,006
	6,667		Midsouth Bancorp, Inc		125
	5,257		MidWestOne Financial Group, Inc		121
	31,114		National Bank Holdings Corp		595
	5,351	e	National Bankshares, Inc		149
	89,553		National Penn Bancshares, Inc		870
	17,284	*,e	Nationstar Mortgage Holdings, Inc		592
	30,007		NBT Bancorp, Inc		676
	331,783	e	New York Community Bancorp, Inc		5,265
	19,480	*	NewBridge Bancorp		148
	38,864	*,e	NMI Holdings, Inc		336
	36,323		Northfield Bancorp, Inc		495
	4,751		Northrim BanCorp, Inc		126
	76,438		Northwest Bancshares, Inc		925
	10,808		OceanFirst Financial Corp		172
	80,446	*	Ocwen Financial Corp		2,106

251

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	33,903		OFG Bancorp	$	508
	5,881	e	Old Line Bancshares, Inc		91
	79,754		Old National Bancorp		1,034
	5,164		OmniAmerican Bancorp, Inc		134
	3,990	*	Opus Bank		122
	37,788		Oritani Financial Corp		532
	14,467		Pacific Continental Corp		186
	12,060	*	Pacific Premier Bancorp, Inc		169
	77,286		PacWest Bancorp		3,186
	2,932		Palmetto Bancshares, Inc		41
	9,233	e	Park National Corp		696
	33,018		Park Sterling Bank		219
	8,389		Peapack Gladstone Financial Corp		147
	2,964		Penns Woods Bancorp, Inc		125
	10,509	*	Pennsylvania Commerce Bancorp, Inc		255
	9,540	*	PennyMac Financial Services, Inc		140
	6,808		Peoples Bancorp, Inc		162
	5,712	e	Peoples Financial Services Corp		263
	229,288	e	People’s United Financial, Inc		3,318
	26,946		Pinnacle Financial Partners, Inc		973
	402,602		PNC Financial Services Group, Inc		34,455
	77,233	*	Popular, Inc		2,273
	8,859	*	Preferred Bank		200
	54,280		PrivateBancorp, Inc		1,624
	52,920		Prosperity Bancshares, Inc		3,025
	45,191		Provident Financial Services, Inc		740
	144,848	e	Radian Group, Inc		2,066
	1,037,893		Regions Financial Corp		10,420
	23,438		Renasant Corp		634
	6,104		Republic Bancorp, Inc (Class A)		145
	24,950	*,e	Republic First Bancorp, Inc		97
	20,998		S&T Bancorp, Inc		493
	18,232		Sandy Spring Bancorp, Inc		417
	11,148	*	Seacoast Banking Corp of Florida		122
	8,919		Sierra Bancorp		149
	35,982	*	Signature Bank		4,032
	13,207		Simmons First National Corp (Class A)		509
	18,506		South State Corp		1,035
	13,434	e	Southside Bancshares, Inc		447
	14,769		Southwest Bancorp, Inc		242
	4,158	*	Square  Financial, Inc		80
	24,453		State Bank & Trust Co		397
	67,412		Sterling Bancorp/DE		862
	10,870		Stock Yards Bancorp, Inc		327
	7,609	e	Stonegate Bank		196
	10,313	*,e	Stonegate Mortgage Corp		134
	7,140		Suffolk Bancorp		139
	5,838	*	Sun Bancorp, Inc		106
	403,565		SunTrust Banks, Inc		15,348
	141,602		Susquehanna Bancshares, Inc		1,416
	38,583	*	SVB Financial Group		4,325
	101,149		Synovus Financial Corp		2,391

252

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	13,285		Talmer Bancorp Inc	$	184
	125,733		TCF Financial Corp		1,953
	9,400		Territorial Bancorp, Inc		191
	32,020	*	Texas Capital Bancshares, Inc		1,847
	57,429		TFS Financial Corp		822
	26,827	*	The Bancorp, Inc		230
	11,138		Tompkins Trustco, Inc		491
	22,376	e	TowneBank		304
	4,100		Tree.com, Inc		147
	12,050	e	Trico Bancshares		273
	16,178	*	Tristate Capital Holdings, Inc		147
	57,396		Trustco Bank Corp NY		370
	49,168		Trustmark Corp		1,133
	28,301		UMB Financial Corp		1,544
	128,255		Umpqua Holdings Corp		2,112
	35,077		Union Bankshares Corp		810
	52,160	e	United Bankshares, Inc		1,613
	38,132		United Community Banks, Inc		628
	30,361		United Community Financial Corp		142
	43,727		United Financial Bancorp, Inc (New)		555
	12,704		Univest Corp of Pennsylvania		238
	1,294,258		US Bancorp		54,139
	153,040	e	Valley National Bancorp		1,483
	29,696		ViewPoint Financial Group		711
	11,958	*	Walker & Dunlop, Inc		159
	79,809		Washington Federal, Inc		1,625
	10,818		Washington Trust Bancorp, Inc		357
	25,864		Waterstone Financial, Inc		299
	68,818		Webster Financial Corp		2,005
	3,593,824		Wells Fargo & Co		186,412
	19,012		WesBanco, Inc		582
	11,970		West Bancorporation, Inc		169
	17,801	e	Westamerica Bancorporation		828
	56,653	*	Western Alliance Bancorp		1,354
	52,747		Wilshire Bancorp, Inc		487
	35,315		Wintrust Financial Corp		1,578
	6,851		WSFS Financial Corp		491
	13,848	*	Yadkin Financial Corp		251
	139,772		Zions Bancorporation		4,062
			TOTAL BANKS		981,680
CAPITAL GOODS - 7.8%
	492,116		3M Co		69,723
	57,151		A.O. Smith Corp		2,702
	29,877		Aaon, Inc		508
	29,552		AAR Corp		714
	41,768	*	Accuride Corp		158
	20,426		Aceto Corp		395
	53,734		Actuant Corp (Class A)		1,640
	32,751		Acuity Brands, Inc		3,855
	11,669	*	Advanced Drainage Systems, Inc		244
	74,966	*,e	Aecom Technology Corp		2,530

253

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	28,439	*	Aegion Corp	$	633
	14,335	*	Aerovironment, Inc		431
	71,235		AGCO Corp		3,238
	77,121		Air Lease Corp		2,506
	48,819		Aircastle Ltd		799
	5,366		Alamo Group, Inc		220
	23,047		Albany International Corp (Class A)		784
	76,324		Allegion plc		3,636
	24,178		Alliant Techsystems, Inc		3,086
	100,674		Allison Transmission Holdings, Inc		2,868
	20,492		Altra Holdings, Inc		598
	13,776	*	Ameresco, Inc		94
	7,032	e	American Railcar Industries, Inc		520
	7,536		American Science & Engineering, Inc		417
	8,518	*	American Woodmark Corp		314
	184,417		Ametek, Inc		9,260
	25,458		Apogee Enterprises, Inc		1,013
	32,556		Applied Industrial Technologies, Inc		1,486
	9,512		Argan, Inc		317
	25,162	*	Armstrong World Industries, Inc		1,409
	73,992	*	ArvinMeritor, Inc		803
	15,638		Astec Industries, Inc		570
	11,879	*	Astronics Corp		566
	19,364		AZZ, Inc		809
	83,695		Babcock & Wilcox Co		2,317
	39,660		Barnes Group, Inc		1,204
	77,158	*	BE Aerospace, Inc		6,477
	37,178	*	Beacon Roofing Supply, Inc		947
	35,059	*	Blount International, Inc		530
	548,469		Boeing Co		69,864
	36,516		Briggs & Stratton Corp		658
	33,815	*	Builders FirstSource, Inc		184
	13,167	*	CAI International, Inc		255
	274,193	*,e	Capstone Turbine Corp		293
	48,667		Carlisle Cos, Inc		3,912
	470,215		Caterpillar, Inc		46,565
	23,360	*,e	Chart Industries, Inc		1,428
	74,655		Chicago Bridge & Iron Co NV		4,319
	12,832		CIRCOR International, Inc		864
	37,827		Clarcor, Inc		2,386
	72,189	*	Colfax Corp		4,113
	14,727		Columbus McKinnon Corp		324
	33,040		Comfort Systems USA, Inc		448
	18,507	*	Commercial Vehicle Group, Inc		114
	9,174	*	Continental Building Products Inc		134
	36,855		Crane Co		2,330
	15,215		Cubic Corp		712
	138,516		Cummins, Inc		18,281
	35,284		Curtiss-Wright Corp		2,326
	454,918		Danaher Corp		34,565
	273,291	e	Deere & Co		22,407
	57,673	*	DigitalGlobe, Inc		1,644

254

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	108,503		Donaldson Co, Inc	$	4,408
	21,128		Douglas Dynamics, Inc		412
	126,145		Dover Corp		10,133
	8,048	*	Ducommun, Inc		221
	9,738	*	DXP Enterprises, Inc		717
	25,816	*	Dycom Industries, Inc		793
	11,541		Dynamic Materials Corp		220
	358,540		Eaton Corp		22,721
	50,074		EMCOR Group, Inc		2,001
	528,613		Emerson Electric Co		33,081
	15,305		Encore Wire Corp		568
	34,170	*,e	Energy Recovery, Inc		121
	35,662		EnerSys		2,091
	12,394	*	Engility Holdings, Inc		386
	11,300	*,e	Enphase Energy, Inc		169
	17,204	*	EnPro Industries, Inc		1,041
	2,980	*,e	Erickson Air-Crane, Inc		39
	20,938		ESCO Technologies, Inc		728
	23,350	*	Esterline Technologies Corp		2,598
	141,494		Exelis, Inc		2,340
	223,532	e	Fastenal Co		10,037
	50,117		Federal Signal Corp		664
	104,117		Flowserve Corp		7,342
	120,516		Fluor Corp		8,049
	126,637		Fortune Brands Home & Security, Inc		5,206
	63,566		Foster Wheeler AG.		2,010
	36,490		Franklin Electric Co, Inc		1,268
	10,761		Freightcar America, Inc		358
	169,616	*,e	FuelCell Energy, Inc		354
	25,764	*	Furmanite Corp		174
	34,938		GATX Corp		2,039
	46,010	*,e	GenCorp, Inc		735
	52,047	e	Generac Holdings, Inc		2,110
	37,226		General Cable Corp		561
	227,609		General Dynamics Corp		28,927
	7,542,402		General Electric Co		193,236
	8,759	*,e	General Finance Corp		78
	22,869	*	Gibraltar Industries, Inc		313
	16,574		Global Brass & Copper Holdings, Inc		243
	12,250		Global Power Equipment Group, Inc		182
	16,191		Gorman-Rupp Co		486
	45,964		Graco, Inc		3,354
	93,933	*,e	GrafTech International Ltd		430
	9,470		Graham Corp		272
	29,395		Granite Construction, Inc		935
	44,924		Great Lakes Dredge & Dock Corp		278
	21,031	e	Greenbrier Cos, Inc		1,543
	34,315		Griffon Corp		391
	23,777		H&E Equipment Services, Inc		958
	61,544		Harsco Corp		1,318
	80,442	*	HD Supply Holdings, Inc		2,193
	49,798		Heico Corp		2,326

255

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	74,087	*	Hexcel Corp	$	2,941
	41,775		Hillenbrand, Inc		1,290
	588,872		Honeywell International, Inc		54,836
	12,024		Houston Wire & Cable Co		144
	44,493		Hubbell, Inc (Class B)		5,363
	37,178		Huntington Ingalls		3,874
	4,796		Hurco Cos, Inc		181
	7,224		Hyster-Yale Materials Handling, Inc		517
	60,981		IDEX Corp		4,413
	39,772	*	II-VI, Inc		468
	257,264		Illinois Tool Works, Inc		21,718
	204,877		Ingersoll-Rand plc		11,547
	13,472		Insteel Industries, Inc		277
	68,395		ITT Corp		3,074
	98,921	*	Jacobs Engineering Group, Inc		4,829
	21,706		John Bean Technologies Corp		611
	75,852	e	Joy Global, Inc		4,137
	9,545		Kadant, Inc		373
	21,747		Kaman Corp		855
	112,424		KBR, Inc		2,117
	59,735		Kennametal, Inc		2,468
	24,548	*,e	KEYW Holding Corp		272
	40,842	*	Kratos Defense & Security Solutions, Inc		268
	65,265		L-3 Communications Holdings, Inc		7,761
	13,874	*,e	Layne Christensen Co		135
	7,262		LB Foster Co (Class A)		334
	37,233		Lennox International, Inc		2,862
	61,015		Lincoln Electric Holdings, Inc		4,218
	10,010	e	Lindsay Manufacturing Co		748
	6,398	*,e	LMI Aerospace, Inc		82
	200,742		Lockheed Martin Corp		36,692
	12,960		LSI Industries, Inc		79
	12,907	*	Lydall, Inc		349
	8,938	*	Manitex International, Inc		101
	100,071		Manitowoc Co, Inc		2,347
	272,388		Masco Corp		6,515
	22,281	*,e	Masonite International Corp		1,234
	48,078	*,e	Mastec, Inc		1,472
	42,810	*	Middleby Corp		3,773
	7,280		Miller Industries, Inc		123
	34,691	*	Moog, Inc (Class A)		2,373
	65,659	*	MRC Global, Inc		1,531
	36,007		MSC Industrial Direct Co (Class A)		3,077
	42,636		Mueller Industries, Inc		1,217
	118,277		Mueller Water Products, Inc (Class A)		979
	14,064	*	MYR Group, Inc		339
	3,938	e	National Presto Industries, Inc		239
	41,173	*,e	Navistar International Corp		1,355
	19,754	*	NCI Building Systems, Inc		383
	12,459		NN, Inc		333
	5,698	*	Norcraft Cos, Inc		91
	48,825		Nordson Corp		3,714

256

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	6,979	*	Nortek, Inc	$	520
	161,303		Northrop Grumman Corp		21,253
	8,845	*	Northwest Pipe Co		302
	81,084	*,e	NOW, Inc		2,466
	44,747	*	Orbital Sciences Corp		1,244
	19,593	*	Orion Marine Group, Inc		196
	64,452		Oshkosh Truck Corp		2,846
	89,090		Owens Corning, Inc		2,829
	266,790		Paccar, Inc		15,174
	83,217		Pall Corp		6,965
	112,712		Parker Hannifin Corp		12,866
	6,248	*	Patrick Industries, Inc		265
	146,597		Pentair plc		9,601
	28,503	*	Perini Corp		752
	36,380	*	Pgt, Inc		339
	16,392		Pike Electric Corp		195
	125,956	*,e	Plug Power, Inc		578
	12,258	*,e	Ply Gem Holdings, Inc		133
	33,167	*,e	Polypore International, Inc		1,290
	7,077		Powell Industries, Inc		289
	3,314	*,e	Power Solutions International, Inc		229
	14,420	*,e	PowerSecure International, Inc		138
	109,046		Precision Castparts Corp		25,831
	1,801		Preformed Line Products Co		95
	28,783		Primoris Services Corp		773
	17,206	*,e	Proto Labs, Inc		1,187
	28,579		Quanex Building Products Corp		517
	159,563	*	Quanta Services, Inc		5,791
	27,582		Raven Industries, Inc		673
	235,668		Raytheon Co		23,949
	18,319		RBC Bearings, Inc		1,039
	34,163		Regal-Beloit Corp		2,195
	54,254	*,e	Revolution Lighting Technologies, Inc		91
	56,742	*	Rexnord Corp		1,614
	104,806		Rockwell Automation, Inc		11,516
	102,927		Rockwell Collins, Inc		8,080
	74,876		Roper Industries, Inc		10,954
	26,334	*	Rush Enterprises, Inc (Class A)		881
	1,869		SIFCO Industries, Inc		56
	31,268		Simpson Manufacturing Co, Inc		911
	43,514		Snap-On, Inc		5,269
	32,188	*,e	SolarCity Corp		1,918
	7,959	*	Sparton Corp		196
	90,789	*	Spirit Aerosystems Holdings, Inc (Class A)		3,455
	33,223		SPX Corp		3,121
	9,752		Standex International Corp		723
	118,173		Stanley Works		10,493
	12,518	*	Sterling Construction Co, Inc		96
	10,746	*	Stock Building Supply Holdings, Inc		169
	16,194		Sun Hydraulics Corp		609
	26,344	e	TAL International Group, Inc		1,087
	38,585	*,e	Taser International, Inc		596

257

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	28,168	*	Teledyne Technologies, Inc	$	2,648
	13,262		Tennant Co		890
	84,391		Terex Corp		2,681
	15,040	e	Textainer Group Holdings Ltd		468
	211,415		Textron, Inc		7,609
	7,401	*,e	The ExOne Company		155
	24,419	*	Thermon Group Holdings		596
	61,779		Timken Co		2,619
	33,155	e	Titan International, Inc		392
	11,613	*,e	Titan Machinery, Inc		151
	42,710		Toro Co		2,530
	39,994		TransDigm Group, Inc		7,372
	26,406	*	Trex Co, Inc		913
	34,233	*	Trimas Corp		833
	117,311		Trinity Industries, Inc		5,481
	39,203		Triumph Group, Inc		2,550
	6,504		Twin Disc, Inc		175
	72,971	*	United Rentals, Inc		8,107
	689,511		United Technologies Corp		72,812
	14,766		Universal Forest Products, Inc		631
	52,253		URS Corp		3,010
	61,524	*	USG Corp		1,691
	20,359	e	Valmont Industries, Inc		2,747
	7,861	*	Vectrus, Inc		153
	6,270	*	Veritiv Corp		314
	12,845	*	Vicor Corp		121
	43,769		W.W. Grainger, Inc		11,014
	52,045	*	Wabash National Corp		693
	42,633	*	WABCO Holdings, Inc		3,877
	19,517		Watsco, Inc		1,682
	21,144		Watts Water Technologies, Inc (Class A)		1,232
	33,347	*,e	WESCO International, Inc		2,610
	73,575		Westinghouse Air Brake Technologies Corp		5,962
	50,082		Woodward Governor Co		2,385
	8,335	*	Xerium Technologies, Inc		122
	139,358		Xylem, Inc		4,946
			TOTAL CAPITAL GOODS		1,289,161
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	41,289		ABM Industries, Inc		1,061
	37,820	e	Acacia Research (Acacia Technologies)		585
	87,875	*	ACCO Brands Corp		606
	16,355		Administaff, Inc		447
	132,139	e	ADT Corp		4,686
	27,004	*	Advisory Board Co		1,258
	16,280		American Ecology Corp		761
	26,021	*	ARC Document Solutions, Inc		211
	6,166		Barrett Business Services, Inc		244
	35,197		Brady Corp (Class A)		790
	35,828		Brink’s Co		861
	29,675	*	Casella Waste Systems, Inc (Class A)		114
	35,493	*	CBIZ, Inc		279

258

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	10,344		CDI Corp	$	150
	16,272	e	Ceco Environmental Corp		218
	38,005	*,e	Cenveo, Inc		94
	75,805		Cintas Corp		5,351
	71,226		Civeo Corp		827
	46,034	*	Clean Harbors, Inc		2,482
	84,979	*	Copart, Inc		2,661
	25,057		Corporate Executive Board Co		1,505
	87,736		Corrections Corp of America		3,015
	80,750		Covanta Holding Corp		1,714
	8,400	*	CRA International, Inc		214
	37,676		Deluxe Corp		2,078
	28,017		Dun & Bradstreet Corp		3,291
	20,052		Ennis, Inc		264
	92,429		Equifax, Inc		6,908
	9,836		Exponent, Inc		697
	9,375	*	Franklin Covey Co		184
	32,036	*	FTI Consulting, Inc		1,120
	15,088		G & K Services, Inc (Class A)		836
	12,104	*	GP Strategies Corp		348
	51,852		Healthcare Services Group		1,483
	14,300		Heidrick & Struggles International, Inc		294
	5,613	*	Heritage-Crystal Clean, Inc		83
	43,782		Herman Miller, Inc		1,307
	18,011	*	Hill International, Inc		72
	33,809		HNI Corp		1,217
	17,734	*	Huron Consulting Group, Inc		1,081
	14,961	*	ICF International, Inc		461
	114,792	*	ICO Global Communications Holdings Ltd		154
	51,546	*	IHS, Inc (Class A)		6,453
	33,730	*	Innerworkings, Inc		273
	50,709		Interface, Inc		818
	129,308		Iron Mountain, Inc		4,222
	105,770		KAR Auction Services, Inc		3,028
	20,372		Kelly Services, Inc (Class A)		319
	21,985		Kforce, Inc		430
	25,171		Kimball International, Inc (Class B)		379
	35,963		Knoll, Inc		623
	38,704	*	Korn/Ferry International		964
	60,223		Manpower, Inc		4,222
	19,108		McGrath RentCorp		654
	13,300	*	Mistras Group, Inc		271
	35,372		Mobile Mini, Inc		1,237
	21,996		MSA Safety, Inc		1,087
	8,734		Multi-Color Corp		397
	40,393	*	Navigant Consulting, Inc		562
	213,027		Nielsen Holdings NV		9,443
	4,943		NL Industries, Inc		36
	41,074	*	On Assignment, Inc		1,103
	6,193	*,e	Paylocity Holding Corp		122
	22,392	*	Performant Financial Corp		181
	152,067		Pitney Bowes, Inc		3,800

259

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	19,286		Quad	$	371
	8,621	*,e	Quest Resource Holding Corp		15
	146,914		R.R. Donnelley & Sons Co		2,418
	198,459		Republic Services, Inc		7,744
	32,857		Resources Connection, Inc		458
	103,581		Robert Half International, Inc		5,075
	48,594		Rollins, Inc		1,423
	39,749	*	RPX Corp		546
	12,140	*	SP Plus Corp		230
	64,080		Steelcase, Inc (Class A)		1,037
	63,252	*	Stericycle, Inc		7,373
	15,368	*	Team, Inc		583
	47,935		Tetra Tech, Inc		1,197
	49,471		Towers Watson & Co		4,922
	11,837	*	TriNet Group, Inc		305
	30,958	*	TrueBlue, Inc		782
	346,938		Tyco International Ltd		15,463
	11,158		Unifirst Corp		1,078
	31,063		United Stationers, Inc		1,167
	126,116	*	Verisk Analytics, Inc		7,679
	15,178		Viad Corp		313
	2,793		VSE Corp		137
	26,743	*	WageWorks, Inc		1,218
	93,921		Waste Connections, Inc		4,557
	348,412		Waste Management, Inc		16,560
	29,070		West Corp		856
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		176,143
CONSUMER DURABLES & APPAREL - 1.5%
	9,523		Arctic Cat, Inc		332
	21,459	*,e	Beazer Homes USA, Inc		360
	23,174	*,e	Black Diamond, Inc		175
	68,196		Brunswick Corp		2,874
	58,438		Callaway Golf Co		423
	40,586		Carter’s, Inc		3,146
	6,619	*	Cavco Industries, Inc		450
	207,708		Coach, Inc		7,397
	18,878	e	Columbia Sportswear Co		675
	68,785	*	CROCS, Inc		865
	5,480		CSS Industries, Inc		133
	6,895		Culp, Inc		125
	26,041	*	Deckers Outdoor Corp		2,531
	11,720	*	Dixie Group, Inc		102
	214,302		DR Horton, Inc		4,397
	7,865		Escalade, Inc		95
	18,783	e	Ethan Allen Interiors, Inc		428
	3,461		Flexsteel Industries, Inc		117
	35,123	*	Fossil Group, Inc		3,298
	92,159	e	Garmin Ltd		4,791
	13,268	*	G-III Apparel Group Ltd		1,099
	15,629	*	GoPro, Inc		1,464
	74,818		Hanesbrands, Inc		8,038

260

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	51,667		Harman International Industries, Inc	$	5,065
	87,267		Hasbro, Inc		4,799
	21,693	*	Helen of Troy Ltd		1,139
	93,175	*,e	Hovnanian Enterprises, Inc (Class A)		342
	34,721	*	Iconix Brand Group, Inc		1,283
	6,890	*,e	Installed Building Products Inc		97
	21,039	*,e	iRobot Corp		641
	20,248	*,e	Jakks Pacific, Inc		144
	96,831	*	Jarden Corp		5,821
	3,583		Johnson Outdoors, Inc		93
	97,088	*	Kate Spade & Co		2,547
	63,287	e	KB Home		946
	39,237		La-Z-Boy, Inc		777
	52,779	*,e	Leapfrog Enterprises, Inc		316
	105,108		Leggett & Platt, Inc		3,670
	126,090		Lennar Corp (Class A)		4,896
	10,716	*	LGI Homes, Inc		197
	16,013	*	Libbey, Inc		421
	7,210		Lifetime Brands, Inc		110
	16,714	*	M/I Homes, Inc		331
	9,100	*	Malibu Boats Inc		169
	8,407		Marine Products Corp		66
	256,797		Mattel, Inc		7,871
	29,150	e	MDC Holdings, Inc		738
	28,574	*	Meritage Homes Corp		1,014
	153,320	*	Michael Kors Holdings Ltd		10,946
	46,185	*	Mohawk Industries, Inc		6,227
	12,667		Movado Group, Inc		419
	4,424		Nacco Industries, Inc (Class A)		220
	22,756	*	Nautilus, Inc		272
	6,504	*	New Home Co Inc		88
	209,560		Newell Rubbermaid, Inc		7,211
	525,359		Nike, Inc (Class B)		46,862
	3,356	*	NVR, Inc		3,792
	10,973		Oxford Industries, Inc		669
	8,860		Perry Ellis International, Inc		180
	61,650		Phillips-Van Heusen Corp		7,469
	49,324		Polaris Industries, Inc		7,388
	34,091		Pool Corp		1,838
	287,099		Pulte Homes, Inc		5,070
	101,655	*,e	Quiksilver, Inc		175
	44,148		Ralph Lauren Corp		7,273
	35,106		Ryland Group, Inc		1,167
	12,710	*,e	Sequential Brands Group, Inc		159
	29,390	*	Skechers U.S.A., Inc (Class A)		1,567
	12,508	*	Skullcandy, Inc		97
	48,359	*,e	Smith & Wesson Holding Corp		457
	112,658	*,e	Standard-Pacific Corp		844
	45,166	*	Steven Madden Ltd		1,456
	14,503	e	Sturm Ruger & Co, Inc		706
	24,241	*	Taylor Morrison Home Corp		393
	45,528	*	Tempur-Pedic International, Inc		2,557

261

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	129,618	*	Toll Brothers, Inc	$	4,039
	107,000	*	TRI Pointe Homes, Inc		1,385
	36,378	*	Tumi Holdings, Inc		740
	38,199		Tupperware Corp		2,637
	5,056	*,e	Turtle Beach Corp		39
	5,823	*	UCP, Inc (Class A)		70
	127,428	*	Under Armour, Inc (Class A)		8,805
	10,905	*	Unifi, Inc		282
	11,370	*	Universal Electronics, Inc		561
	16,444	*,e	Vera Bradley, Inc		340
	259,479		VF Corp		17,133
	9,200	*	Vince Holding Corp		278
	8,501	*	WCI Communities, Inc		157
	5,214		Weyco Group, Inc		131
	58,908		Whirlpool Corp		8,580
	13,294	*	William Lyon Homes, Inc		294
	76,448		Wolverine World Wide, Inc		1,916
			TOTAL CONSUMER DURABLES & APPAREL		249,697
CONSUMER SERVICES - 2.1%
	7,931	*,e	2U, Inc		124
	13,862	*	American Public Education, Inc		374
	74,107	*	Apollo Group, Inc (Class A)		1,864
	25,000		ARAMARK Holdings Corp		658
	11,587	*	Ascent Media Corp (Series A)		698
	29,370	*	Bally Technologies, Inc		2,370
	71,477	*	Belmond Ltd.		833
	18,782	*	BJ’s Restaurants, Inc		676
	58,200	*	Bloomin’ Brands, Inc		1,067
	21,179	e	Bob Evans Farms, Inc		1,003
	58,143	*,e	Boyd Gaming Corp		591
	14,947	*	Bravo Brio Restaurant Group, Inc		194
	13,548	*	Bridgepoint Education, Inc		151
	23,382	*	Bright Horizons Family Solutions		983
	50,290		Brinker International, Inc		2,554
	14,166	*	Buffalo Wild Wings, Inc		1,902
	76,511	e	Burger King Worldwide, Inc		2,269
	27,726	*	Caesars Acquisition Co		263
	38,423	*,e	Caesars Entertainment Corp		483
	8,131		Capella Education Co		509
	46,334	*	Career Education Corp		235
	318,100		Carnival Corp		12,778
	12,748		Carriage Services, Inc		221
	27,792	*	Carrols Restaurant Group, Inc		198
	14,608	e	CBRL Group, Inc		1,507
	37,810		Cheesecake Factory		1,720
	54,819	*,e	Chegg, Inc		342
	23,368	*	Chipotle Mexican Grill, Inc (Class A)		15,577
	26,423		Choice Hotels International, Inc		1,374
	10,504		Churchill Downs, Inc		1,024
	12,474	*	Chuy’s Holdings, Inc		392
	15,700		ClubCorp Holdings, Inc		311

262

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	5,623		Collectors Universe	$	124
	100,344	e	Darden Restaurants, Inc		5,164
	17,725	*	Del Frisco’s Restaurant Group, Inc		339
	75,312	*	Denny’s Corp		529
	48,007		DeVry, Inc		2,055
	26,852	*	Diamond Resorts International, Inc		611
	12,442		DineEquity, Inc		1,015
	42,657		Domino’s Pizza, Inc		3,283
	81,221		Dunkin Brands Group, Inc		3,640
	21,777	*,e	Education Management Corp		24
	8,157		Einstein Noah Restaurant Group, Inc		164
	6,804	*	El Pollo Loco Holdings, Inc		244
	11,217	*,e	Empire Resorts, Inc		75
	3,282	*,e	Famous Dave’s of America, Inc		88
	20,469	*	Fiesta Restaurant Group, Inc		1,017
	3,249		Graham Holdings Co		2,273
	34,464	*	Grand Canyon Education, Inc		1,405
	208,641		H&R Block, Inc		6,470
	102,800	*	Hilton Worldwide Holdings, Inc		2,532
	82,847	*	Houghton Mifflin Harcourt Co		1,611
	31,491	*	Hyatt Hotels Corp		1,906
	4,863	*,e	Ignite Restaurant Group, Inc		29
	186,370		International Game Technology		3,144
	20,955		International Speedway Corp (Class A)		663
	33,777		Interval Leisure Group, Inc		643
	13,700	*	Intrawest Resorts Holdings Inc		133
	15,534	*	Isle of Capri Casinos, Inc		117
	30,287		Jack in the Box, Inc		2,065
	12,737	*	Jamba, Inc		181
	26,055	*,e	K12, Inc		416
	51,222	*	Krispy Kreme Doughnuts, Inc		879
	33,801	*	La Quinta Holdings, Inc		642
	283,236		Las Vegas Sands Corp		17,620
	3,365	*	Liberty Tax, Inc		109
	30,327	*,e	Life Time Fitness, Inc		1,530
	61,345	*,e	LifeLock, Inc		877
	14,891		Marcus Corp		235
	167,829		Marriott International, Inc (Class A)		11,731
	21,460	*	Marriott Vacations Worldwide Corp		1,361
	25,301		Matthews International Corp (Class A)		1,111
	743,425		McDonald’s Corp		70,484
	282,640	*	MGM Mirage		6,439
	7,140	*	Monarch Casino & Resort, Inc		85
	23,956	*	Morgans Hotel Group Co		193
	22,035	*	Multimedia Games, Inc		794
	2,018	*	Nathan’s Famous, Inc		137
	8,091	*,e	Noodles & Co		155
	44,600	*	Norwegian Cruise Line Holdings Ltd		1,607
	18,433	*	Panera Bread Co (Class A)		2,999
	24,166		Papa John’s International, Inc		966
	60,160	*	Penn National Gaming, Inc		674
	43,980	*	Pinnacle Entertainment, Inc		1,103

263

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	18,260	*	Popeyes Louisiana Kitchen, Inc	$	740
	11,582	*,e	Potbelly Corp		135
	10,662	*	Red Robin Gourmet Burgers, Inc		607
	37,371		Regis Corp		596
	124,741		Royal Caribbean Cruises Ltd		8,394
	46,223	*	Ruby Tuesday, Inc		272
	26,831		Ruth’s Chris Steak House, Inc		296
	32,512	*,e	Scientific Games Corp (Class A)		350
	51,334		SeaWorld Entertainment, Inc		987
	161,096		Service Corp International		3,406
	31,340	*	ServiceMaster Global Holdings, Inc		758
	50,232		Six Flags Entertainment Corp		1,728
	40,899	*	Sonic Corp		915
	46,276		Sotheby’s (Class A)		1,653
	9,984		Speedway Motorsports, Inc		170
	566,222		Starbucks Corp		42,727
	144,779		Starwood Hotels & Resorts Worldwide, Inc		12,047
	1,378	*	Steak N Shake Co		468
	11,970	*	Steiner Leisure Ltd		450
	7,659	*	Strayer Education, Inc		459
	48,004		Texas Roadhouse, Inc (Class A)		1,336
	15,190		Universal Technical Institute, Inc		142
	27,599		Vail Resorts, Inc		2,395
	20,024	e	Weight Watchers International, Inc		549
	207,760		Wendy’s		1,716
	96,319		Wyndham Worldwide Corp		7,827
	60,950		Wynn Resorts Ltd		11,403
	332,478		Yum! Brands, Inc		23,932
	4,563	*,e	Zoe’s Kitchen, Inc		140
			TOTAL CONSUMER SERVICES		345,534
DIVERSIFIED FINANCIALS - 3.8%
	32,107	*	Actua Corp		514
	40,110	*	Affiliated Managers Group, Inc		8,036
	204,666	*	Ally Financial, Inc		4,736
	682,494		American Express Co		59,746
	142,816		Ameriprise Financial, Inc		17,621
	20,852		Artisan Partners Asset Management, Inc		1,085
	859,019		Bank of New York Mellon Corp		33,270
	131,560		BGC Partners, Inc (Class A)		977
	96,185		BlackRock, Inc		31,579
	16,951		Calamos Asset Management, Inc (Class A)		191
	429,903		Capital One Financial Corp		35,089
	22,738		Cash America International, Inc		996
	66,839		CBOE Holdings, Inc		3,577
	836,494		Charles Schwab Corp		24,585
	240,161		CME Group, Inc		19,202
	14,207	e	Cohen & Steers, Inc		546
	10,988	*	Consumer Portfolio Services, Inc		70
	23,678	e	CorEnergy Infrastructure Trust, Inc		177
	75,792	*	Cowen Group, Inc		284
	5,419	*,e	Credit Acceptance Corp		683

264

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	7,179	e	Deerfield Capital Corp	$	65
	1,990		Diamond Hill Investment Group, Inc		245
	350,699		Discover Financial Services		22,581
	216,676	*	E*Trade Financial Corp		4,895
	91,544		Eaton Vance Corp		3,454
	19,334	*,e	Encore Capital Group, Inc		857
	24,923		Evercore Partners, Inc (Class A)		1,171
	38,445	*	Ezcorp, Inc (Class A)		381
	9,821	*	FBR & Co		270
	69,691	e	Federated Investors, Inc (Class B)		2,046
	39,058	e	Financial Engines, Inc		1,336
	21,634	*	First Cash Financial Services, Inc		1,211
	69,681	*	FNFV Group		959
	298,418		Franklin Resources, Inc		16,297
	14,257	e	Friedman Billings Ramsey Group, Inc (Class A)		362
	33,940	e	FXCM, Inc		538
	18,319		Gain Capital Holdings, Inc		117
	6,584		GAMCO Investors, Inc (Class A)		466
	54,396		GFI Group, Inc		294
	336,335		Goldman Sachs Group, Inc		61,741
	23,327	*	Green Dot Corp		493
	22,433		Greenhill & Co, Inc		1,043
	25,335		HFF, Inc (Class A)		733
	40,633		Interactive Brokers Group, Inc (Class A)		1,014
	86,996		IntercontinentalExchange Group, Inc		16,969
	12,794	*	International Assets Holding Corp		222
	327,740		Invesco Ltd		12,939
	28,315	*	Investment Technology Group, Inc		446
	124,420	e	Janus Capital Group, Inc		1,809
	9,015	*	JG Wentworth Co		112
	39,750	*	KCG Holdings, Inc		403
	73,441	*,e	Ladenburg Thalmann Financial Services, Inc		311
	92,967		Lazard Ltd (Class A)		4,713
	78,240		Legg Mason, Inc		4,003
	278,931		Leucadia National Corp		6,650
	66,106		LPL Financial Holdings, Inc		3,044
	10,552		Manning & Napier, Inc		177
	6,167	*	Marcus & Millichap, Inc		187
	27,836		MarketAxess Holdings, Inc		1,722
	6,533		Marlin Business Services Corp		120
	205,136		McGraw-Hill Financial, Inc		17,324
	5,647	e	Moelis & Co		193
	143,084		Moody’s Corp		13,521
	1,153,606		Morgan Stanley		39,880
	88,261	*	MSCI, Inc (Class A)		4,150
	84,624		NASDAQ OMX Group, Inc		3,590
	319,918		Navient Corp		5,666
	17,569		Nelnet, Inc (Class A)		757
	21,889	*	NewStar Financial, Inc		246
	7,402		Nicholas Financial, Inc		86

265

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	178,680		Northern Trust Corp	$	12,156
	139,841	*	NorthStar Asset Management Group, Inc		2,576
	7,363		Oppenheimer Holdings, Inc		149
	41,814	*	PHH Corp		935
	17,372	*	Pico Holdings, Inc		347
	13,978	*	Piper Jaffray Cos		730
	37,321	*	Portfolio Recovery Associates, Inc		1,949
	9,591		Pzena Investment Management, Inc (Class A)		92
	94,509		Raymond James Financial, Inc		5,064
	3,237		RCS Capital Corp (Class A)		73
	8,577	*	Regional Management Corp		154
	9,098		Resource America, Inc (Class A)		85
	19,711	*	Safeguard Scientifics, Inc		363
	66,420		Santander Consumer USA Holdings, Inc		1,183
	100,365		SEI Investments Co		3,629
	3,845		Silvercrest Asset Management Group, Inc		52
	320,682		SLM Corp		2,745
	105,500		SPDR Trust Series 1		20,786
	18,800	*,e	Springleaf Holdings, Inc		600
	324,225		State Street Corp		23,866
	49,761	*	Stifel Financial Corp		2,333
	26,347	*,e	SWS Group, Inc		181
	97,117	*	Synchrony Financial		2,384
	197,360		T Rowe Price Group, Inc		15,473
	185,673		TD Ameritrade Holding Corp		6,196
	6,509	*,e	Tiptree Financial, Inc		54
	5,194		Virtus Investment Partners, Inc		902
	109,248		Voya Financial, Inc		4,272
	65,189		Waddell & Reed Financial, Inc (Class A)		3,370
	28,439	*,e	Walter Investment Management Corp		624
	5,409		Westwood Holdings Group, Inc		307
	80,939	*,e	WisdomTree Investments, Inc		921
	6,547	*,e	World Acceptance Corp		442
			TOTAL DIVERSIFIED FINANCIALS		619,766
ENERGY - 8.9%
	70,225	*	Abraxas Petroleum Corp		371
	1,730		Adams Resources & Energy, Inc		77
	17,965	e	Alon USA Energy, Inc		258
	172,068	*,e	Alpha Natural Resources, Inc		427
	22,029	*	American Eagle Energy Corp		90
	13,406	*,e	Amyris Biotechnologies, Inc		51
	379,861		Anadarko Petroleum Corp		38,533
	40,296	*	Antero Resources Corp		2,212
	290,535		Apache Corp		27,273
	6,580	*,e	APCO Argentina, Inc		85
	30,066	*,e	Approach Resources, Inc		436
	170,075	e	Arch Coal, Inc		361
	14,064	e	Ardmore Shipping Corp		153
	38,925	*	Athlon Energy, Inc		2,267
	42,045	*	Atwood Oceanics, Inc		1,837

266

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

				VALUE
SHARES			COMPANY	(000)
	330,260		Baker Hughes, Inc	$	21,487
	23,122	*	Basic Energy Services, Inc		501
	36,863	*,e	Bill Barrett Corp		812
	24,316	*	Bonanza Creek Energy, Inc		1,384
	90,573	*,e	BPZ Energy, Inc		173
	26,221		Bristow Group, Inc		1,762
	34,352	*	C&J Energy Services, Inc		1,049
	315,766		Cabot Oil & Gas Corp		10,322
	30,407	*	Callon Petroleum Co		268
	154,562	*	Cameron International Corp		10,260
	15,028	e	CARBO Ceramics, Inc		890
	34,645	*	Carrizo Oil & Gas, Inc		1,865
	30,100	*,e	CHC Group Ltd		169
	180,045	*	Cheniere Energy, Inc		14,409
	399,678		Chesapeake Energy Corp		9,189
	1,432,083		Chevron Corp		170,876
	66,090		Cimarex Energy Co		8,362
	4,602	*	Clayton Williams Energy, Inc		444
	50,466	*,e	Clean Energy Fuels Corp		394
	46,507	*	Cloud Peak Energy, Inc		587
	265,537	*	Cobalt International Energy, Inc		3,611
	36,545		Comstock Resources, Inc		680
	84,892	*	Concho Resources, Inc		10,645
	922,361		ConocoPhillips		70,579
	173,265		Consol Energy, Inc		6,560
	12,994		Contango Oil & Gas Co		432
	64,816	*,e	Continental Resources, Inc		4,309
	11,149	e	CVR Energy, Inc		499
	6,271		Dawson Geophysical Co		114
	37,115		Delek US Holdings, Inc		1,229
	266,127		Denbury Resources, Inc		4,000
	307,728		Devon Energy Corp		20,981
	53,570	e	DHT Holdings, Inc		330
	50,196	e	Diamond Offshore Drilling, Inc		1,720
	28,919	*	Diamondback Energy, Inc		2,163
	5,647	*	Dorian LPG Ltd		101
	57,836	*	Dresser-Rand Group, Inc		4,758
	30,642	*	Dril-Quip, Inc		2,739
	23,439	*	Eclipse Resources Corp		390
	43,233	*,e	Emerald Oil, Inc		266
	55,035		Energen Corp		3,976
	72,871	e	Energy XXI Bermuda Ltd		827
	411,043		EOG Resources, Inc		40,701
	25,000	*,e	EP Energy Corp		437
	114,878		EQT Corp		10,516
	12,643	*	Era Group, Inc		275
	11,704		Evolution Petroleum Corp		107
	130,558	e	EXCO Resources, Inc		436
	43,775		Exterran Holdings, Inc		1,940
	3,230,049		Exxon Mobil Corp		303,786
	178,050	*	FMC Technologies, Inc		9,670
	91,201	*,e	Forest Oil Corp		107

267

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	39,615	*	Forum Energy Technologies, Inc	$	1,213
	26,300	e	Frank’s International NV		492
	39,564	*,e	Frontline Ltd		50
	36,931	*,e	FX Energy, Inc		112
	32,033		GasLog Ltd		705
	46,154	*,e	Gastar Exploration, Inc		271
	9,836	*	Geospace Technologies Corp		346
	8,901	*,e	Glori Energy, Inc		70
	33,053		Golar LNG Ltd		2,195
	24,817	*,e	Goodrich Petroleum Corp		368
	26,945		Green Plains Renewable Energy, Inc		1,007
	11,124		Gulf Island Fabrication, Inc		191
	20,444		Gulfmark Offshore, Inc		641
	64,737	*	Gulfport Energy Corp		3,457
	197,703	*,e	Halcon Resources Corp		783
	3,710		Hallador Petroleum Co		44
	637,125		Halliburton Co		41,101
	33,334	*,e	Harvest Natural Resources, Inc		122
	81,306	*	Helix Energy Solutions Group, Inc		1,794
	71,374		Helmerich & Payne, Inc		6,985
	121,560	*,e	Hercules Offshore, Inc		267
	208,993		Hess Corp		19,712
	150,647		Holly Corp		6,580
	27,723	*	Hornbeck Offshore Services, Inc		907
	100,154	*	ION Geophysical Corp		279
	823	*	Isramco, Inc		101
	8,500	*	Jones Energy, Inc (Class A)		160
	99,683	*	Key Energy Services, Inc		482
	494,788	e	Kinder Morgan, Inc		18,970
	201,636	*	Kodiak Oil & Gas Corp		2,736
	73,463	*	Kosmos Energy LLC		732
	58,420	*,e	Laredo Petroleum Holdings, Inc		1,309
	152,810	*,e	Magnum Hunter Resources Corp		851
	508,475		Marathon Oil Corp		19,114
	189,107		Marathon Petroleum Corp		16,012
	55,403	*	Matador Resources Co		1,432
	23,922	*	Matrix Service Co		577
	180,710	*,e	McDermott International, Inc		1,034
	34,077	*	Memorial Resource Development Corp		924
	25,277	*,e	Midstates Petroleum Co, Inc		128
	37,819	*,e	Miller Petroleum, Inc		166
	9,855	*	Mitcham Industries, Inc		109
	136,288		Murphy Oil Corp		7,756
	223,659		Nabors Industries Ltd		5,090
	324,337		National Oilwell Varco, Inc		24,682
	9,713	*	Natural Gas Services Group, Inc		234
	61,477		Navios Maritime Acq Corp		167
	103,184	*	Newfield Exploration Co		3,825
	69,133	*	Newpark Resources, Inc		860
	271,735		Noble Energy, Inc		18,576
	13,964		Nordic American Offshore Ltd		246
	68,002	e	Nordic American Tanker Shipping		541

268

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	54,400		North Atlantic Drilling Ltd	$	362
	48,403	*,e	Northern Oil And Gas, Inc		688
	16,270	*,e	Nuverra Environmental Solutions, Inc		240
	76,721	*	Oasis Petroleum, Inc		3,208
	591,790		Occidental Petroleum Corp		56,901
	82,172		Oceaneering International, Inc		5,355
	35,581	*	Oil States International, Inc		2,202
	156,584		Oneok, Inc		10,264
	15,683	*,e	Pacific Ethanol, Inc		219
	5,367		Panhandle Oil and Gas, Inc (Class A)		320
	96,030	*	Parker Drilling Co		474
	37,983	*,e	Parsley Energy, Inc		810
	109,613		Patterson-UTI Energy, Inc		3,566
	40,130		PBF Energy, Inc		963
	27,088	*	PDC Energy, Inc		1,362
	207,042		Peabody Energy Corp		2,563
	50,170	*	Penn Virginia Corp		638
	43,261	*	Petroquest Energy, Inc		243
	9,723	*	PHI, Inc		400
	425,590		Phillips 66		34,605
	42,944	*	Pioneer Energy Services Corp		602
	107,751		Pioneer Natural Resources Co		21,224
	9,686	*,e	Profire Energy, Inc		40
	136,144		Questar Market Resources, Inc		4,190
	106,368	*,e	Quicksilver Resources, Inc		64
	124,202		Range Resources Corp		8,422
	21,954	*,e	Renewable Energy Group, Inc		223
	58,594	*,e	Resolute Energy Corp		367
	36,039	*	Rex Energy Corp		457
	5,384	*	Rex Stores Corp		392
	38,100	*	Rice Energy, Inc		1,013
	9,601	*	RigNet, Inc		388
	14,462	*,e	Ring Energy, Inc		213
	45,950	*	Rosetta Resources, Inc		2,048
	93,726		Rowan Cos plc		2,372
	46,325		RPC, Inc		1,017
	17,500	*	RSP Permian, Inc		447
	33,531	*,e	Sanchez Energy Corp		881
	375,818	*,e	SandRidge Energy, Inc		1,612
	978,193		Schlumberger Ltd		99,473
	129,737		Scorpio Tankers, Inc		1,078
	15,043		SEACOR Holdings, Inc		1,125
	267,582	e	Seadrill Ltd		7,160
	31,863		SemGroup Corp		2,653
	28,548	*	Seventy Seven Energy, Inc		678
	45,041	e	Ship Finance International Ltd		762
	58,052	*,e	Solazyme, Inc		433
	266,793	*	Southwestern Energy Co		9,324
	506,002		Spectra Energy Corp		19,866
	50,791		St. Mary Land & Exploration Co		3,962
	42,383	*	Stone Energy Corp		1,329
	118,843		Superior Energy Services		3,906

269

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	39,048	*,e	Swift Energy Co	$	375
	44,903	*	Synergy Resources Corp		547
	25,232		Targa Resources Investments, Inc		3,436
	34,489		Teekay Corp		2,289
	48,134	e	Teekay Tankers Ltd (Class A)		180
	26,063		Tesco Corp		517
	97,850		Tesoro Corp		5,967
	61,337	*	Tetra Technologies, Inc		664
	36,444		Tidewater, Inc		1,422
	17,866	*	TransAtlantic Petroleum Ltd		161
	56,984	*,e	Triangle Petroleum Corp		627
	116,012	*,e	Ultra Petroleum Corp		2,698
	36,980	*	Unit Corp		2,169
	48,465	*	Vaalco Energy, Inc		412
	401,926		Valero Energy Corp		18,597
	169,150	*,e	Vantage Drilling Co		215
	8,585	*,e	Vertex Energy, Inc		60
	26,733		W&T Offshore, Inc		294
	67,894	*	Warren Resources, Inc		360
	41,371		Western Refining, Inc		1,737
	10,257	*	Westmoreland Coal Co		384
	90,085	*	Whiting Petroleum Corp		6,986
	33,654	*	Willbros Group, Inc		280
	561,614		Williams Cos, Inc		31,085
	55,107		World Fuel Services Corp		2,200
	151,612	*	WPX Energy, Inc		3,648
			TOTAL ENERGY		1,465,438
FOOD & STAPLES RETAILING - 1.9%
	21,366		Andersons, Inc		1,344
	29,135		Casey’s General Stores, Inc		2,089
	14,374	*,e	Chefs’ Warehouse Holdings, Inc		234
	330,362		Costco Wholesale Corp		41,401
	879,436		CVS Corp		69,994
	11,866	*,e	Fairway Group Holdings Corp		44
	31,233	*,e	Fresh Market, Inc		1,091
	8,163		Ingles Markets, Inc (Class A)		193
	383,250		Kroger Co		19,929
	24,395	e	Liberator Medical Holdings, Inc		76
	6,410	*,e	Natural Grocers by Vitamin C		104
	16,292	*	Pantry, Inc		330
	14,319		Pricesmart, Inc		1,226
	731,408	*	Rite Aid Corp		3,540
	30,608	e	Roundy’s, Inc		92
	174,612		Safeway, Inc		5,989
	28,394		Spartan Stores, Inc		552
	69,957	*,e	Sprouts Farmers Market, Inc		2,034
	154,781	*	Supervalu, Inc		1,384
	441,825		Sysco Corp		16,767
	38,243	*	United Natural Foods, Inc		2,351
	4,843		Village Super Market (Class A)		110
	717,685		Walgreen Co		42,537

270

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	1,198,336		Wal-Mart Stores, Inc	$	91,637
	8,834		Weis Markets, Inc		345
	275,968		Whole Foods Market, Inc		10,517
			TOTAL FOOD & STAPLES RETAILING		315,910
FOOD, BEVERAGE & TOBACCO - 4.6%
	32,198	*,e	22nd Century Group, Inc		81
	2,319		Alico, Inc		88
	68,179	*	Alliance One International, Inc		134
	1,496,382		Altria Group, Inc		68,744
	12,675	*	Annie’s, Inc		582
	492,251		Archer Daniels Midland Co		25,154
	40,577		B&G Foods, Inc (Class A)		1,118
	6,146	*,e	Boston Beer Co, Inc (Class A)		1,363
	44,670	*	Boulder Brands, Inc		609
	114,934		Brown-Forman Corp (Class B)		10,369
	111,586		Bunge Ltd		9,399
	9,305		Calavo Growers, Inc		420
	11,829		Cal-Maine Foods, Inc		1,057
	130,870		Campbell Soup Co		5,592
	35,476	*	Chiquita Brands International, Inc		504
	3,512		Coca-Cola Bottling Co Consolidated		262
	2,971,326		Coca-Cola Co		126,757
	189,385		Coca-Cola Enterprises, Inc		8,401
	318,825		ConAgra Foods, Inc		10,534
	117,161	*	Constellation Brands, Inc (Class A)		10,212
	7,653	*	Craft Brewers Alliance, Inc		110
	124,713	*	Darling International, Inc		2,285
	70,011	e	Dean Foods Co		928
	16,103	*,e	Diamond Foods, Inc		461
	148,462		Dr Pepper Snapple Group, Inc		9,548
	5,320	*	Farmer Bros Co		154
	128,238		Flowers Foods, Inc		2,354
	27,620		Fresh Del Monte Produce, Inc		881
	462,887		General Mills, Inc		23,353
	38,052	*	Hain Celestial Group, Inc		3,895
	113,004		Hershey Co		10,784
	100,334		Hormel Foods Corp		5,156
	57,597		Ingredion, Inc		4,365
	10,713	*	Inventure Foods, Inc		139
	11,326		J&J Snack Foods Corp		1,060
	78,428		J.M. Smucker Co		7,763
	5,780		John B. Sanfilippo & Son, Inc		187
	194,154		Kellogg Co		11,960
	106,276		Keurig Green Mountain, Inc		13,830
	448,444		Kraft Foods Group, Inc		25,292
	14,003		Lancaster Colony Corp		1,194
	38,935		Lance, Inc		1,032
	3,603	e	Lifeway Foods, Inc		50
	6,464	e	Limoneira Co		153
	272,670		Lorillard, Inc		16,336
	98,712		McCormick & Co, Inc		6,604

271

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	152,786		Mead Johnson Nutrition Co	$	14,701
	103,045		Molson Coors Brewing Co (Class B)		7,671
	1,274,187		Mondelez International, Inc		43,660
	108,438	*	Monster Beverage Corp		9,940
	8,815		National Beverage Corp		172
	15,084	*	Omega Protein Corp		188
	1,140,302		PepsiCo, Inc		106,150
	1,183,045		Philip Morris International, Inc		98,666
	48,235	*	Pilgrim’s Pride Corp		1,474
	40,896		Pinnacle Foods, Inc		1,335
	33,337	*,e	Post Holdings, Inc		1,106
	233,736		Reynolds American, Inc		13,790
	17,484	e	Sanderson Farms, Inc		1,538
	224		Seaboard Corp		599
	6,106	*	Seneca Foods Corp		175
	14,223	*,e	Synutra International, Inc		64
	15,357	e	Tootsie Roll Industries, Inc		430
	28,438	*	TreeHouse Foods, Inc		2,289
	201,794		Tyson Foods, Inc (Class A)		7,945
	17,708	e	Universal Corp		786
	52,785	e	Vector Group Ltd		1,171
	131,695	*	WhiteWave Foods Co (Class A)		4,784
			TOTAL FOOD, BEVERAGE & TOBACCO		749,888
HEALTH CARE EQUIPMENT & SERVICES - 4.6%
	15,924	e	Abaxis, Inc		807
	1,131,400		Abbott Laboratories		47,055
	29,721	*,e	Abiomed, Inc		738
	26,970	*	Acadia Healthcare Co, Inc		1,308
	58,290	*,e	Accuray, Inc		423
	4,240	*	Addus HomeCare Corp		83
	4,312	*	Adeptus Health, Inc		107
	270,062		Aetna, Inc		21,875
	29,433	e	Air Methods Corp		1,635
	61,821	*	Align Technology, Inc		3,195
	4,207	*	Alliance HealthCare Services, Inc		95
	133,589	*	Allscripts Healthcare Solutions, Inc		1,792
	7,268		Almost Family, Inc		197
	21,596	*	Amedisys, Inc		436
	171,138		AmerisourceBergen Corp		13,229
	34,893	*	AMN Healthcare Services, Inc		548
	24,628	*	Amsurg Corp		1,233
	9,253		Analogic Corp		592
	18,523	*	Angiodynamics, Inc		254
	10,943	*	Anika Therapeutics, Inc		401
	91,526	*,e	Antares Pharma, Inc		167
	28,653	*,e	athenahealth, Inc		3,773
	21,089	*	AtriCure, Inc		310
	1,165		Atrion Corp		355
	57,809		Bard (C.R.), Inc		8,250
	409,365		Baxter International, Inc		29,380
	145,317		Becton Dickinson & Co		16,539

272

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	17,746	*	Bio-Reference Labs, Inc	$	498
	51,896	*,e	BioScrip, Inc		359
	19,708	*	BioTelemetry, Inc		132
	1,001,367	*	Boston Scientific Corp		11,826
	123,825	*	Brookdale Senior Living, Inc		3,990
	27,942		Cantel Medical Corp		961
	21,051	*	Capital Senior Living Corp		447
	257,768		Cardinal Health, Inc		19,312
	20,716	*	Cardiovascular Systems, Inc		490
	157,149	*	CareFusion Corp		7,111
	9,769	*,e	Castlight Health, Inc		126
	156,388	*	Catamaran Corp		6,592
	43,593	*	Centene Corp		3,606
	223,900	*	Cerner Corp		13,338
	49,516	*,e	Cerus Corp		199
	14,552	e	Chemed Corp		1,497
	203,055		Cigna Corp		18,415
	87,364		Community Health Systems, Inc		4,787
	9,537		Computer Programs & Systems, Inc		548
	20,631		Conmed Corp		760
	36,230		Cooper Cos, Inc		5,643
	12,032	*	Corvel Corp		410
	340,145		Covidien plc		29,426
	22,090	*	Cross Country Healthcare, Inc		205
	19,963		CryoLife, Inc		197
	20,834	*	Cyberonics, Inc		1,066
	16,811	*	Cynosure, Inc (Class A)		353
	134,706	*	DaVita, Inc		9,852
	107,333		Dentsply International, Inc		4,894
	16,710	*,e	Derma Sciences, Inc		139
	56,587	*	DexCom, Inc		2,263
	79,607	*	Edwards Lifesciences Corp		8,132
	47,927	*	Endologix, Inc		508
	14,856		Ensign Group, Inc		517
	52,626	*	Envision Healthcare Holdings, Inc		1,825
	7,074	*	Exactech, Inc		162
	26,213	*	ExamWorks Group, Inc		858
	583,633	*	Express Scripts Holding Co		41,222
	29,310	*	Five Star Quality Care, Inc		110
	30,765	*,e	GenMark Diagnostics, Inc		276
	22,160	*	Gentiva Health Services, Inc		372
	49,755	*	Globus Medical, Inc		979
	18,107	*	Greatbatch, Inc		772
	38,562	*	Haemonetics Corp		1,347
	25,502	*	Hanger Orthopedic Group, Inc		523
	247,266		HCA Holdings, Inc		17,437
	60,101	*	Health Net, Inc		2,771
	5,930	*	HealthEquity, Inc		109
	66,457		Healthsouth Corp		2,452
	14,864	*	HealthStream, Inc		357
	28,116	*,e	Healthways, Inc		450
	12,504	*	HeartWare International, Inc		971

273

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	63,797	*	Henry Schein, Inc	$	7,430
	43,409	e	Hill-Rom Holdings, Inc		1,798
	65,676	*,e	HMS Holdings Corp		1,238
	181,625	*	Hologic, Inc		4,419
	117,278		Humana, Inc		15,280
	9,893	*	ICU Medical, Inc		635
	38,845	*	Idexx Laboratories, Inc		4,577
	35,949	*	IMS Health Holdings, Inc		941
	4,131	*	Inogen Inc		85
	41,898	*	Insulet Corp		1,544
	18,839	*	Integra LifeSciences Holdings Corp		935
	27,134	*	Intuitive Surgical, Inc		12,531
	23,110		Invacare Corp		273
	62,113	*	Inverness Medical Innovations, Inc		2,409
	12,768	*	IPC The Hospitalist Co, Inc		572
	6,547	*,e	K2M Group Holdings, Inc		94
	41,435		Kindred Healthcare, Inc		804
	63,819	*	Laboratory Corp of America Holdings		6,494
	8,629		Landauer, Inc		285
	12,518	*,e	LDR Holding Corp		390
	11,927	*	LHC Group, Inc		277
	33,622	*	LifePoint Hospitals, Inc		2,326
	20,796	*	Magellan Health Services, Inc		1,138
	38,810		Masimo Corp		826
	172,760		McKesson Corp		33,631
	44,883	*	MedAssets, Inc		930
	39,902	*	Medidata Solutions, Inc		1,767
	752,499		Medtronic, Inc		46,617
	43,385	*	Merge Healthcare, Inc		95
	31,965	e	Meridian Bioscience, Inc		565
	32,366	*	Merit Medical Systems, Inc		385
	22,845	*	Molina Healthcare, Inc		966
	9,533	*	MWI Veterinary Supply, Inc		1,415
	8,081		National Healthcare Corp		449
	5,598	*	National Research Corp		73
	22,829	*	Natus Medical, Inc		674
	27,729	*	Neogen Corp		1,095
	35,423	*	NuVasive, Inc		1,235
	45,234	*	NxStage Medical, Inc		594
	74,986		Omnicare, Inc		4,669
	27,790	*	Omnicell, Inc		759
	36,642	*	OraSure Technologies, Inc		265
	14,876	*	Orthofix International NV		461
	48,567	e	Owens & Minor, Inc		1,590
	10,159	*,e	Oxford Immunotec Global plc		155
	64,882		Patterson Cos, Inc		2,688
	75,502	*	Pediatrix Medical Group, Inc		4,139
	23,814	*	PharMerica Corp		582
	9,836	*,e	PhotoMedex, Inc		61
	24,800	*	Premier, Inc		815
	8,598	*	Providence Service Corp		416
	37,773		Quality Systems, Inc		520

274

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	110,089		Quest Diagnostics, Inc	$	6,680
	21,781	*,e	Quidel Corp		585
	25,914	*	RadNet, Inc		172
	106,456	e	Resmed, Inc		5,245
	31,391	*,e	Rockwell Medical Technologies, Inc		287
	38,631	*	RTI Biologics, Inc		185
	36,584		Select Medical Holdings Corp		440
	43,638	*	Sirona Dental Systems, Inc		3,346
	15,881	*	Skilled Healthcare Group, Inc (Class A)		105
	30,482	*,e	Spectranetics Corp		810
	214,098		St. Jude Medical, Inc		12,874
	26,141	*	Staar Surgical Co		278
	44,285		STERIS Corp		2,390
	252,822		Stryker Corp		20,415
	8,600	*	Surgical Care Affiliates, Inc		230
	13,627	*	SurModics, Inc		247
	32,497	*	Symmetry Medical, Inc		328
	5,981	*,e	Tandem Diabetes Care, Inc		80
	52,336	*	Team Health Holdings, Inc		3,035
	31,210		Teleflex, Inc		3,278
	76,019	*	Tenet Healthcare Corp		4,515
	42,853	*	Thoratec Corp		1,145
	26,972	*	Tornier BV		645
	20,401	*,e	TransEnterix, Inc		89
	20,300	*	Triple-S Management Corp (Class B)		404
	5,633	*,e	TriVascular Technologies, Inc		82
	77,329	*,e	Unilife Corp		177
	737,227		UnitedHealth Group, Inc		63,586
	28,773		Universal American Corp		231
	67,302		Universal Health Services, Inc (Class B)		7,033
	8,422		US Physical Therapy, Inc		298
	2,349		Utah Medical Products, Inc		115
	78,706	*	Varian Medical Systems, Inc		6,306
	12,709	*	Vascular Solutions, Inc		314
	66,310	*	VCA Antech, Inc		2,608
	28,575	*,e	Veeva Systems, Inc		805
	4,910	*	Veracyte, Inc		48
	15,934	*	Vocera Communications, Inc		129
	44,457	*	Volcano Corp		473
	32,655	*	WellCare Health Plans, Inc		1,970
	211,807		WellPoint, Inc		25,336
	52,696		West Pharmaceutical Services, Inc		2,359
	38,008	*	Wright Medical Group, Inc		1,152
	22,473	*,e	Zeltiq Aesthetics, Inc		509
	126,112		Zimmer Holdings, Inc		12,681
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		755,301
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	332,448		Avon Products, Inc		4,189
	39,882	*	Central Garden and Pet Co (Class A)		321
	103,052		Church & Dwight Co, Inc		7,230
	97,351		Clorox Co		9,350

275

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	689,556		Colgate-Palmolive Co	$	44,973
	43,500	e	Coty, Inc		720
	19,608	*,e	Elizabeth Arden, Inc		328
	46,250		Energizer Holdings, Inc		5,698
	172,373		Estee Lauder Cos (Class A)		12,880
	15,213	e	Female Health Co		53
	37,377	*	Harbinger Group, Inc		490
	61,725	e	Herbalife Ltd		2,700
	22,871	*,e	IGI Laboratories, Inc		213
	12,258		Inter Parfums, Inc		337
	282,918		Kimberly-Clark Corp		30,434
	9,661	*	Medifast, Inc		317
	5,868		Nature’s Sunshine Products, Inc		87
	44,175	e	Nu Skin Enterprises, Inc (Class A)		1,989
	8,067		Nutraceutical International Corp		169
	3,981		Oil-Dri Corp of America		104
	4,547		Orchids Paper Products Co		112
	2,035,296		Procter & Gamble Co		170,436
	9,587	*	Revlon, Inc (Class A)		304
	15,918		Spectrum Brands, Inc		1,441
	5,403	*,e	USANA Health Sciences, Inc		398
	11,764		WD-40 Co		799
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		296,072
INSURANCE - 4.2%
	254,388		ACE Ltd		26,678
	342,100		Aflac, Inc		19,927
	12,475	*	Alleghany Corp		5,216
	74,631		Allied World Assurance Co Holdings Ltd		2,749
	326,916		Allstate Corp		20,063
	34,048	*	AMBAC Financial Group, Inc		752
	56,412		American Equity Investment Life Holding Co		1,291
	54,955		American Financial Group, Inc		3,181
	1,089,727		American International Group, Inc		58,867
	5,469		American National Insurance Co		615
	13,065		Amerisafe, Inc		511
	23,097	e	Amtrust Financial Services, Inc		920
	223,222		Aon plc		19,570
	101,165	*	Arch Capital Group Ltd		5,536
	20,783		Argo Group International Holdings Ltd		1,046
	118,906		Arthur J. Gallagher & Co		5,394
	50,374		Aspen Insurance Holdings Ltd		2,155
	53,750		Assurant, Inc		3,456
	129,363		Assured Guaranty Ltd		2,867
	8,461	*,e	Atlas Financial Holdings, Inc		117
	84,687		Axis Capital Holdings Ltd		4,008
	6,904		Baldwin & Lyons, Inc (Class B)		171
	1,376,621	*	Berkshire Hathaway, Inc (Class B)		190,166
	91,363		Brown & Brown, Inc		2,937
	185,246		Chubb Corp		16,872
	124,217		Cincinnati Financial Corp		5,844
	32,879	*,e	Citizens, Inc (Class A)		212

276

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	19,762		CNA Financial Corp	$	752
	164,574		Conseco, Inc		2,791
	19,001		Crawford & Co (Class B)		157
	7,812		Donegal Group, Inc (Class A)		120
	14,028	*	eHealth, Inc		339
	4,503		EMC Insurance Group, Inc		130
	24,104		Employers Holdings, Inc		464
	33,679		Endurance Specialty Holdings Ltd		1,858
	7,068	*	Enstar Group Ltd		964
	20,774		Erie Indemnity Co (Class A)		1,575
	34,974		Everest Re Group Ltd		5,666
	9,829		FBL Financial Group, Inc (Class A)		439
	8,326		Federated National Holding Co		234
	8,299		Fidelity & Guaranty Life		177
	80,939		First American Financial Corp		2,195
	209,065		FNF Group		5,799
	375,048	*	Genworth Financial, Inc (Class A)		4,913
	20,683	*	Greenlight Capital Re Ltd (Class A)		670
	7,438	*	Hallmark Financial Services		77
	33,724		Hanover Insurance Group, Inc		2,071
	340,568		Hartford Financial Services Group, Inc		12,686
	75,001		HCC Insurance Holdings, Inc		3,622
	6,789	e	HCI Group, Inc		244
	5,489	*,e	Heritage Insurance Holdings, Inc		83
	49,340	*	Hilltop Holdings, Inc		989
	29,235		Horace Mann Educators Corp		834
	5,951		Independence Holding Co		79
	10,249		Infinity Property & Casualty Corp		656
	2,854		Kansas City Life Insurance Co		127
	37,633		Kemper Corp		1,285
	199,871		Lincoln National Corp		10,709
	234,894		Loews Corp		9,786
	34,934		Maiden Holdings Ltd		387
	10,589	*	Markel Corp		6,736
	411,993		Marsh & McLennan Cos, Inc		21,564
	108,070	*	MBIA, Inc		992
	42,189		Meadowbrook Insurance Group, Inc		247
	20,342		Mercury General Corp		993
	696,541		Metlife, Inc		37,418
	34,784		Montpelier Re Holdings Ltd		1,081
	27,288	e	National General Holdings Corp		461
	7,244		National Interstate Corp		202
	1,551		National Western Life Insurance Co (Class A)		383
	8,338	*	Navigators Group, Inc		513
	195,723		Old Republic International Corp		2,795
	17,609		OneBeacon Insurance Group Ltd (Class A)		271
	38,267		PartnerRe Ltd		4,205
	4,932	*	Phoenix Cos, Inc		277
	20,260		Platinum Underwriters Holdings Ltd		1,233
	43,301		Primerica, Inc		2,088
	223,115		Principal Financial Group		11,707
	45,135		ProAssurance Corp		1,989

277

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	448,216		Progressive Corp	$	11,331
	59,625		Protective Life Corp		4,139
	347,060		Prudential Financial, Inc		30,520
	52,377		Reinsurance Group of America, Inc (Class A)		4,197
	30,717		RenaissanceRe Holdings Ltd		3,071
	32,282		RLI Corp		1,398
	10,041		Safety Insurance Group, Inc		541
	42,211		Selective Insurance Group, Inc		935
	33,695		Stancorp Financial Group, Inc		2,129
	9,480		State Auto Financial Corp		194
	16,046		Stewart Information Services Corp		471
	56,908		Symetra Financial Corp		1,328
	42,743	*	Third Point Reinsurance Ltd		622
	99,838		Torchmark Corp		5,229
	263,172		Travelers Cos, Inc		24,722
	6,929	*	United America Indemnity Ltd		175
	16,961		United Fire & Casualty Co		471
	12,682		United Insurance Holdings Corp		190
	22,242	e	Universal Insurance Holdings, Inc		288
	194,972		UnumProvident Corp		6,703
	68,796		Validus Holdings Ltd		2,693
	75,884		W.R. Berkley Corp		3,627
	4,646		White Mountains Insurance Group Ltd		2,927
	205,711		XL Capital Ltd		6,823
			TOTAL INSURANCE		683,878
MATERIALS - 3.9%
	22,177		A. Schulman, Inc		802
	15,542	*	Advanced Emissions Solutions, Inc		331
	3,376	*	AEP Industries, Inc		128
	159,719		Air Products & Chemicals, Inc		20,792
	56,289		Airgas, Inc		6,228
	103,729	*,e	AK Steel Holding Corp		831
	59,838		Albemarle Corp		3,524
	887,161		Alcoa, Inc		14,274
	81,466		Allegheny Technologies, Inc		3,022
	79,955	*,e	Allied Nevada Gold Corp		265
	20,501	e	American Vanguard Corp		230
	7,032		Ampco-Pittsburgh Corp		141
	49,070		Aptargroup, Inc		2,979
	60,168		Ashland, Inc		6,263
	75,563		Avery Dennison Corp		3,374
	52,910		Axiall Corp		1,895
	23,190		Balchem Corp		1,312
	105,468		Ball Corp		6,673
	75,889		Bemis Co, Inc		2,885
	63,162	*	Berry Plastics Group, Inc		1,594
	29,817	*	Boise Cascade Co		899
	14,781		Brush Engineered Materials, Inc		453
	48,545		Cabot Corp		2,465
	41,280	*	Calgon Carbon Corp		800
	38,318		Carpenter Technology Corp		1,730

278

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,808	*,e	Castle (A.M.) & Co	$	101
	117,317		Celanese Corp (Series A)		6,865
	39,702	*	Century Aluminum Co		1,031
	39,420		CF Industries Holdings, Inc		11,007
	5,158		Chase Corp		160
	73,547	*	Chemtura		1,716
	15,540	*	Clearwater Paper Corp		934
	116,499	e	Cliffs Natural Resources, Inc		1,209
	77,643	*	Coeur d’Alene Mines Corp		385
	89,141		Commercial Metals Co		1,522
	25,270		Compass Minerals International, Inc		2,130
	105,024	*	Crown Holdings, Inc		4,676
	55,532		Cytec Industries, Inc		2,626
	9,014		Deltic Timber Corp		562
	48,674		Domtar Corp		1,710
	905,606		Dow Chemical Co		47,490
	691,875		Du Pont (E.I.) de Nemours & Co		49,649
	37,135		Eagle Materials, Inc		3,781
	113,228		Eastman Chemical Co		9,159
	201,880		Ecolab, Inc		23,182
	55,318	*	Ferro Corp		802
	40,724	*	Flotek Industries, Inc		1,062
	100,339		FMC Corp		5,738
	782,407		Freeport-McMoRan Copper & Gold, Inc (Class B)		25,546
	14,460		FutureFuel Corp		172
	32,454		Glatfelter		712
	47,286		Globe Specialty Metals, Inc		860
	24,960	*,e	Gold Resource Corp		128
	205,071	*	Graphic Packaging Holding Co		2,549
	24,459		Greif, Inc (Class A)		1,072
	39,075		H.B. Fuller Co		1,551
	6,809		Hawkins, Inc		245
	9,402		Haynes International, Inc		432
	54,162	*	Headwaters, Inc		679
	262,218	e	Hecla Mining Co		650
	33,599	*	Horsehead Holding Corp		555
	152,705		Huntsman Corp		3,969
	16,427		Innophos Holdings, Inc		905
	18,027		Innospec, Inc		647
	62,007		International Flavors & Fragrances, Inc		5,945
	325,803		International Paper Co		15,554
	40,015	e	Intrepid Potash, Inc		618
	14,023		Kaiser Aluminum Corp		1,069
	62,146		Kapstone Paper and Packaging Corp		1,738
	4,800		KMG Chemicals, Inc		78
	16,539		Koppers Holdings, Inc		548
	24,388	*	Kraton Polymers LLC		434
	14,288		Kronos Worldwide, Inc		197
	19,323	*	Landec Corp		237
	104,108	*	Louisiana-Pacific Corp		1,415
	13,887	*	LSB Industries, Inc		496
	324,680		LyondellBasell Industries AF S.C.A		35,280

279

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,861	*,e	Marrone Bio Innovations, Inc	$	24
	46,995		Martin Marietta Materials, Inc		6,059
	127,312		MeadWestvaco Corp		5,212
	27,178		Minerals Technologies, Inc		1,677
	124,409	*,e	Molycorp, Inc		148
	395,000		Monsanto Co		44,441
	237,005		Mosaic Co		10,525
	23,791		Myers Industries, Inc		420
	11,726		Neenah Paper, Inc		627
	6,792		NewMarket Corp		2,588
	373,040		Newmont Mining Corp		8,599
	29,589		Noranda Aluminium Holding Corp		134
	240,123		Nucor Corp		13,034
	61,075		Olin Corp		1,542
	8,985		Olympic Steel, Inc		185
	23,303		OM Group, Inc		605
	32,453	*	Omnova Solutions, Inc		174
	126,112	*	Owens-Illinois, Inc		3,285
	74,848		Packaging Corp of America		4,777
	64,376	*	Platform Specialty Products Corp		1,611
	73,826		PolyOne Corp		2,627
	104,484		PPG Industries, Inc		20,556
	220,284		Praxair, Inc		28,417
	9,804		Quaker Chemical Corp		703
	31,957	e	Rayonier Advanced Materials, Inc		1,052
	58,316		Reliance Steel & Aluminum Co		3,989
	201,095		Rentech, Inc		344
	49,260	*,e	Resolute Forest Products		770
	108,746		Rock-Tenn Co (Class A)		5,174
	55,625		Rockwood Holdings, Inc		4,252
	48,654		Royal Gold, Inc		3,160
	101,323		RPM International, Inc		4,639
	23,200	*	RTI International Metals, Inc		572
	8,418	*	Ryerson Holding Corp		108
	19,399		Schnitzer Steel Industries, Inc (Class A)		467
	23,952		Schweitzer-Mauduit International, Inc		989
	34,069		Scotts Miracle-Gro Co (Class A)		1,874
	163,420		Sealed Air Corp		5,700
	31,811	*,e	Senomyx, Inc		261
	38,347		Sensient Technologies Corp		2,007
	65,053		Sherwin-Williams Co		14,246
	89,567		Sigma-Aldrich Corp		12,182
	33,477		Silgan Holdings, Inc		1,573
	76,188		Sonoco Products Co		2,993
	110,590		Southern Copper Corp (NY)		3,279
	165,973		Steel Dynamics, Inc		3,753
	13,671		Stepan Co		607
	90,832	*	Stillwater Mining Co		1,365
	52,835	*	SunCoke Energy, Inc		1,186
	64,203	*	Tahoe Resources, Inc		1,303
	21,638	*	Taminco Corp		565
	30,889		TimkenSteel Corp		1,436

280

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	15,246	*	Trecora Resources	$	189
	19,671		Tredegar Corp		362
	8,747	*	Trinseo S.A.		138
	44,328		Tronox Ltd		1,155
	4,092	*	UFP Technologies, Inc		90
	1,357		United States Lime & Minerals, Inc		79
	110,404	e	United States Steel Corp		4,324
	4,623	*	Universal Stainless & Alloy		122
	10,188	*,e	US Concrete, Inc		266
	35,711	e	US Silica Holdings Inc		2,232
	63,837		Valspar Corp		5,042
	98,368		Vulcan Materials Co		5,925
	37,679		Wausau Paper Corp		299
	31,064		Westlake Chemical Corp		2,690
	40,133	*	Worthington Industries, Inc		1,494
	57,560	*	WR Grace & Co		5,234
	17,018		Zep, Inc		239
			TOTAL MATERIALS		633,364
MEDIA - 3.5%
	12,963		AH Belo Corp (Class A)		138
	16,000		AMC Entertainment Holdings, Inc		368
	45,765	*	AMC Networks, Inc		2,674
	147,096	e	Cablevision Systems Corp (Class A)		2,576
	17,686	*	Carmike Cinemas, Inc		548
	394,022		CBS Corp (Class B)		21,080
	68,837		CBS Outdoor Americas, Inc		2,061
	57,360	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		129
	60,064	*	Charter Communications, Inc		9,092
	56,587	*	Cinedigm Corp		88
	87,874		Cinemark Holdings, Inc		2,991
	28,047		Clear Channel Outdoor Holdings, Inc (Class A)		189
	1,948,351		Comcast Corp (Class A)		104,782
	27,056	*	Crown Media Holdings, Inc (Class A)		87
	101,938	*,e	Cumulus Media, Inc (Class A)		411
	772	*,e	Daily Journal Corp		139
	12,681	*,e	Dex Media, Inc		121
	352,350	*	DIRECTV		30,485
	173,884	*	Discovery Communications, Inc (Class A)		6,573
	173,884	*	Discovery Communications, Inc (Class C)		6,482
	159,417		DISH Network Corp (Class A)		10,295
	57,581	*,e	DreamWorks Animation SKG, Inc (Class A)		1,570
	18,269	*	Entercom Communications Corp (Class A)		147
	54,182		Entravision Communications Corp (Class A)		215
	14,854	*	Eros International plc		217
	23,436	*	EW Scripps Co (Class A)		382
	172,059		Gannett Co, Inc		5,105
	14,759	*,e	Global Sources Ltd		99
	38,349	*	Gray Television, Inc		302
	33,505		Harte-Hanks, Inc		213
	6,780	*,e	Hemisphere Media Group, Inc		72
	320,956		Interpublic Group of Cos, Inc		5,880

281

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	33,375		John Wiley & Sons, Inc (Class A)	$	1,873
	42,642	*	Journal Communications, Inc (Class A)		359
	59,903	e	Lamar Advertising Co (Class A)		2,950
	39,207	*,e	Lee Enterprises, Inc		132
	71,816	*	Liberty Media Corp		3,388
	143,632	*	Liberty Media Corp (Class C)		6,749
	64,240	e	Lions Gate Entertainment Corp		2,118
	108,249	*	Live Nation, Inc		2,600
	9,932		Loral Space & Communications, Inc		713
	46,379	*	Madison Square Garden, Inc		3,067
	29,313	*	Martha Stewart Living Omnimedia, Inc (Class A)		105
	45,516	*,e	McClatchy Co (Class A)		153
	32,196		MDC Partners, Inc		618
	37,793	*,e	Media General, Inc (Class A)		495
	26,535		Meredith Corp		1,136
	14,733		Morningstar, Inc		1,000
	46,358		National CineMedia, Inc		673
	22,523		New Media Investment Group, Inc		375
	98,100		New York Times Co (Class A)		1,101
	377,718	*	News Corp		6,176
	23,355	e	Nexstar Broadcasting Group, Inc (Class A)		944
	194,468		Omnicom Group, Inc		13,391
	17,261	*,e	Radio One, Inc		55
	7,422	*,e	ReachLocal, Inc		27
	12,373	*	Reading International, Inc		104
	60,087	e	Regal Entertainment Group (Class A)		1,195
	7,217	*,e	Rentrak Corp		440
	3,654		Saga Communications, Inc		123
	8,940		Salem Communications		68
	19,984		Scholastic Corp		646
	80,102		Scripps Networks Interactive (Class A)		6,255
	30,700	*,e	SFX Entertainment, Inc		154
	51,060	e	Sinclair Broadcast Group, Inc (Class A)		1,332
	2,087,425	e	Sirius XM Holdings, Inc		7,285
	20,194	*	Sizmek, Inc		156
	69,001	*	Starz-Liberty Capital		2,283
	266,209	e	Thomson Corp		9,693
	210,196		Time Warner Cable, Inc		30,161
	664,448		Time Warner, Inc		49,973
	84,151	*	Time, Inc		1,972
	1,434,489		Twenty-First Century Fox, Inc		49,189
	324,285		Viacom, Inc (Class B)		24,950
	1,302,605		Walt Disney Co		115,971
	21,644	e	World Wrestling Entertainment, Inc (Class A)		298
			TOTAL MEDIA		567,957
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.9%
	1,195,932		AbbVie, Inc		69,077
	58,718	*,e	Acadia Pharmaceuticals, Inc		1,454
	16,937	*,e	Accelerate Diagnostics, Inc		364
	12,289	*,e	Acceleron Pharma, Inc		372
	15,957	*,e	AcelRx Pharmaceuticals, Inc		88

282

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	5,364	*	Achaogen, Inc	$	48
	73,137	*,e	Achillion Pharmaceuticals, Inc		730
	31,389	*	Acorda Therapeutics, Inc		1,063
	190,701	*	Actavis plc		46,012
	15,055	*,e	Actinium Pharmaceuticals, Inc		101
	21,882	*,e	Aegerion Pharmaceuticals, Inc		730
	5,900	*,e	Aerie Pharmaceuticals, Inc		122
	56,476	*,e	Affymetrix, Inc		451
	48,575	*	Agenus, Inc		151
	250,777		Agilent Technologies, Inc		14,289
	10,132	*,e	Agios Pharmaceuticals, Inc		622
	6,056	*,e	Akebia Therapeutics, Inc		134
	47,337	*,e	Akorn, Inc		1,717
	17,375	*,e	Albany Molecular Research, Inc		383
	6,292	*,e	Alder Biopharmaceuticals, Inc		80
	148,857	*	Alexion Pharmaceuticals, Inc		24,683
	27,483	*,e	Alimera Sciences, Inc		149
	109,475	*	Alkermes plc		4,693
	223,793		Allergan, Inc		39,878
	50,442	*	Alnylam Pharmaceuticals, Inc		3,940
	12,095	*,e	AMAG Pharmaceuticals, Inc		386
	569,591		Amgen, Inc		80,005
	30,986	*,e	Ampio Pharmaceuticals, Inc		109
	25,259	*,e	Anacor Pharmaceuticals, Inc		618
	5,005	*	ANI Pharmaceuticals, Inc		142
	3,704	*,e	Applied Genetic Technologies Corp		69
	18,952	*	Aratana Therapeutics, Inc		190
	165,796	*,e	Arena Pharmaceuticals, Inc		695
	121,910	*,e	Ariad Pharmaceuticals, Inc		658
	91,342	*,e	Array Biopharma, Inc		326
	39,456	*,e	Arrowhead Research Corp		583
	6,200	*	Auspex Pharmaceuticals Inc		159
	36,727	*,e	Auxilium Pharmaceuticals, Inc		1,096
	5,237	*	Avalanche Biotechnologies, Inc		179
	121,211	*	AVANIR Pharmaceuticals, Inc		1,445
	53,741	*	BioCryst Pharmaceuticals, Inc		526
	28,320	*,e	BioDelivery Sciences International, Inc		484
	178,727	*	Biogen Idec, Inc		59,125
	110,409	*	BioMarin Pharmaceuticals, Inc		7,967
	56,961	*,e	Bio-Path Holdings, Inc		115
	15,517	*	Bio-Rad Laboratories, Inc (Class A)		1,760
	2,967	*	Biospecifics Technologies Corp		105
	27,248	*,e	Biotime, Inc		86
	14,516	*	Bluebird Bio, Inc		521
	1,246,427		Bristol-Myers Squibb Co		63,792
	83,145	*	Bruker BioSciences Corp		1,539
	26,827	*	Cambrex Corp		501
	4,100	*,e	Cara Therapeutics Inc		34
	37,417	*	Catalent, Inc		937
	603,290	*	Celgene Corp		57,180
	67,311	*,e	Celldex Therapeutics, Inc		872
	7,200	*,e	Cellular Dynamics International, Inc		51

283

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	16,803	*,e	Cempra, Inc	$	184
	52,661	*,e	Cepheid, Inc		2,319
	37,085	*	Charles River Laboratories International, Inc		2,215
	18,304	*,e	ChemoCentryx, Inc		82
	16,175	*,e	Chimerix, Inc		447
	18,781	*,e	Clovis Oncology, Inc		852
	56,916	*,e	Corcept Therapeutics, Inc		153
	42,288	*	Covance, Inc		3,328
	95,801	*,e	CTI BioPharma Corp		232
	57,007	*	Cubist Pharmaceuticals, Inc		3,782
	9,632	*,e	Cytokinetics, Inc		34
	47,980	*,e	Cytori Therapeutics, Inc		32
	41,833	*,e	CytRx Corp		106
	120,216	*,e	Dendreon Corp		173
	40,825	*	Depomed, Inc		620
	2,700	*,e	Dicerna Pharmaceuticals Inc		34
	9,738	*,e	Durata Therapeutics, Inc		123
	102,195	*	Dyax Corp		1,034
	199,281	*	Dynavax Technologies Corp		285
	3,500	*	Eleven Biotheraputics Inc		39
	741,098		Eli Lilly & Co		48,060
	19,838	*	Emergent Biosolutions, Inc		423
	7,962	*	Enanta Pharmaceuticals, Inc		315
	115,311	*	Endo International plc		7,880
	33,769	*,e	Endocyte, Inc		205
	26,506	*	Enzo Biochem, Inc		137
	9,923	*,e	Epizyme, Inc		269
	6,700	*,e	Esperion Thereapeutics, Inc		164
	62,597	*,e	Exact Sciences Corp		1,213
	140,174	*,e	Exelixis, Inc		214
	12,553	*	Five Prime Therapeutics, Inc		147
	6,400	*	Flexion Therapeutics Inc		117
	20,851	*	Fluidigm Corp		511
	10,743	*,m	Forest Laboratories, Inc CVR		10
	10,758	*,e	Foundation Medicine, Inc		204
	6,747	*,m	Furiex Pharmaceuticals, Inc		66
	13,945	*,e	Galectin Therapeutics, Inc		70
	102,537	*,e	Galena Biopharma, Inc		211
	3,000	*,e	Genocea Biosciences Inc		27
	11,223	*,e	Genomic Health, Inc		318
	114,325	*,e	Geron Corp		229
	1,155,246	*	Gilead Sciences, Inc		122,976
	24,465	*	Golf Trust Of America, Inc		188
	79,065	*,e	Halozyme Therapeutics, Inc		720
	14,185	*	Heron Therapeutics, Inc		118
	48,486	*,e	Horizon Pharma plc		595
	126,136	*	Hospira, Inc		6,563
	10,443	*	Hyperion Therapeutics, Inc		263
	43,621	*,e	Idera Pharmaceuticals, Inc		100
	105,356	*	Illumina, Inc		17,270
	65,469	*,e	Immunogen, Inc		693
	78,549	*,e	Immunomedics, Inc		292

284

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	52,266	*	Impax Laboratories, Inc	$	1,239
	108,932	*	Incyte Corp		5,343
	36,466	*	Infinity Pharmaceuticals, Inc		489
	46,169	*,e	Inovio Pharmaceuticals, Inc		455
	27,309	*	Insmed, Inc		356
	7,379	*,e	Insys Therapeutics, Inc		286
	9,369	*	Intercept Pharmaceuticals, Inc		2,218
	12,959	*,e	Intra-Cellular Therapies, Inc		178
	27,301	*,e	Intrexon Corp		507
	90,684	*	Ironwood Pharmaceuticals, Inc		1,175
	89,084	*,e	Isis Pharmaceuticals, Inc		3,459
	44,639	*	Jazz Pharmaceuticals plc		7,167
	2,127,929		Johnson & Johnson		226,816
	9,553	*,e	Karyopharm Therapeutics, Inc		334
	68,602	*,e	Keryx Biopharmaceuticals, Inc		943
	6,600	*,e	Kindred Biosciences Inc		61
	6,601	*	Kite Pharma, Inc		188
	13,125	*,e	KYTHERA Biopharmaceuticals, Inc		430
	19,506	*	Lannett Co, Inc		891
	173,586	*,e	Lexicon Pharmaceuticals, Inc		245
	15,744	*,e	Ligand Pharmaceuticals, Inc (Class B)		740
	31,134	*	Luminex Corp		607
	15,274	*	MacroGenics, Inc		319
	86,126	*	Mallinckrodt plc		7,764
	172,437	*,e	MannKind Corp		1,019
	48,124	*	Medicines Co		1,074
	57,923	*	Medivation, Inc		5,727
	2,198,070		Merck & Co, Inc		130,302
	73,750	*,e	Merrimack Pharmaceuticals, Inc		648
	21,663	*	Mettler-Toledo International, Inc		5,549
	69,816	*,e	MiMedx Group, Inc		498
	5,698	*,e	Mirati Therapeutics, Inc		100
	34,069	*	Momenta Pharmaceuticals, Inc		386
	283,175	*	Mylan Laboratories, Inc		12,882
	56,889	*,e	Myriad Genetics, Inc		2,194
	7,890	*,e	NanoString Technologies, Inc		86
	28,763	*,e	NanoViricides, Inc		86
	97,156	*,e	Navidea Biopharmceuticals, Inc		128
	96,260	*	Nektar Therapeutics		1,162
	17,230	*,e	NeoStem, Inc		95
	53,365	*,e	Neuralstem, Inc		175
	57,584	*	Neurocrine Biosciences, Inc		902
	14,869	*,e	NewLink Genetics Corp		319
	27,407	*,e	Northwest Biotherapeutics, Inc		138
	160,650	*,e	Novavax, Inc		670
	80,677	*	NPS Pharmaceuticals, Inc		2,098
	14,893	*,e	Ohr Pharmaceutical, Inc		108
	26,874	*,e	Omeros Corp		342
	4,045	*,m	Omthera Pharmaceuticals, Inc		2
	9,299	*,e	OncoMed Pharmaceuticals, Inc		176
	51,753	*	Oncothyreon, Inc		99
	10,319	*,e	Ophthotech Corp		402

285

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	143,885	*,e	Opko Health, Inc	$	1,224
	88,413	*,e	Orexigen Therapeutics, Inc		377
	47,632	*,e	Organovo Holdings, Inc		303
	12,630	*,e	Osiris Therapeutics, Inc		159
	5,464	*	Otonomy, Inc		131
	6,597	*	OvaScience, Inc		110
	50,411	*	Pacific Biosciences of California, Inc		248
	27,071	*,e	Pacira Pharmaceuticals, Inc		2,624
	29,042	*,e	Pain Therapeutics, Inc		114
	43,666	*	Parexel International Corp		2,755
	111,677	e	PDL BioPharma, Inc		834
	217,309	*,e	Peregrine Pharmaceuticals, Inc		296
	85,256	*	PerkinElmer, Inc		3,717
	98,181		Perrigo Co plc		14,746
	4,797,705		Pfizer, Inc		141,868
	46,171	*,e	Pharmacyclics, Inc		5,422
	10,957		Phibro Animal Health Corp		246
	28,026	*,e	Portola Pharmaceuticals, Inc		709
	15,548		Pozen, Inc		114
	38,233	*	Prestige Brands Holdings, Inc		1,238
	51,583	*,e	Progenics Pharmaceuticals, Inc		268
	16,389	*	Prothena Corp plc		363
	16,950	*,e	PTC Therapeutics, Inc		746
	17,347	*,e	Puma Biotechnology, Inc		4,138
	178,940	*,e	Qiagen NV (NASDAQ)		4,074
	42,973	*	Quintiles Transnational Holdings, Inc		2,397
	48,221	*,e	Raptor Pharmaceutical Corp		462
	11,634	*	Receptos, Inc		723
	11,646	*,e	Regado Biosciences, Inc		13
	59,505	*	Regeneron Pharmaceuticals, Inc		21,453
	7,041	*,e	Regulus Therapeutics, Inc		48
	12,549	*,e	Relypsa, Inc		265
	23,464	*	Repligen Corp		467
	16,297	*,e	Repros Therapeutics, Inc		161
	14,500	*,e	Retrophin, Inc		131
	5,300	*,e	Revance Therapeutics, Inc		102
	66,996	*	Rigel Pharmaceuticals, Inc		130
	16,776	*	Sagent Pharmaceuticals		522
	48,057	*	Salix Pharmaceuticals Ltd		7,508
	54,946	*,e	Sangamo Biosciences, Inc		593
	31,888	*,e	Sarepta Therapeutics, Inc		673
	43,039	*	Sciclone Pharmaceuticals, Inc		297
	76,360	*,e	Seattle Genetics, Inc		2,839
	87,069	*,e	Sequenom, Inc		259
	47,540	e	Spectrum Pharmaceuticals, Inc		387
	12,168	*,e	Stemline Therapeutics, Inc		152
	6,322	*,e	Sucampo Pharmaceuticals, Inc (Class A)		41
	37,533	*,e	Sunesis Pharmaceuticals, Inc		268
	21,873	*,e	Supernus Pharmaceuticals, Inc		190
	16,285	*,e	Synageva BioPharma Corp		1,120
	61,665	*,e	Synergy Pharmaceuticals, Inc		172
	52,113	*,e	Synta Pharmaceuticals Corp		157

286

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	28,521		Techne Corp	$	2,668
	14,763	*,e	TESARO, Inc		397
	16,779	*	Tetraphase Pharmaceuticals, Inc		335
	13,436	*,e	TG Therapeutics, Inc		143
	78,332	*,e	TherapeuticsMD, Inc		363
	17,111	*,e	Theravance Biopharma, Inc		394
	61,047	e	Theravance, Inc		1,043
	294,888		Thermo Electron Corp		35,888
	34,985	*,e	Threshold Pharmaceuticals, Inc		126
	5,100	*	Ultragenyx Pharmaceutical, Inc		289
	36,410	*	United Therapeutics Corp		4,684
	23,698	*,e	Vanda Pharmaceuticals, Inc		246
	10,567	*,e	Verastem, Inc		90
	5,257	*,e	Versartis, Inc		100
	178,617	*	Vertex Pharmaceuticals, Inc		20,060
	4,085	*,e	Vital Therapies, Inc		83
	74,791	*,e	Vivus, Inc		289
	64,149	*	Waters Corp		6,358
	11,200	*	Xencor Inc		104
	33,276	*	Xenoport, Inc		179
	64,947	*,e	XOMA Corp		273
	78,272	*,e	ZIOPHARM Oncology, Inc		207
	377,986		Zoetis Inc		13,967
	74,879	*,e	Zogenix, Inc		86
	4,180	*	ZS Pharma, Inc		164
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,466,695
REAL ESTATE - 3.6%
	41,676		Acadia Realty Trust		1,149
	21,134		AG Mortgage Investment Trust		376
	10,360		Agree Realty Corp		284
	36,954		Alexander & Baldwin, Inc		1,329
	1,574		Alexander’s, Inc		589
	54,028		Alexandria Real Estate Equities, Inc		3,985
	945	*,e	Altisource Asset Management Corp		638
	11,088	*,e	Altisource Portfolio Solutions S.A.		1,118
	42,959		Altisource Residential Corp		1,031
	27,018		American Assets Trust,Inc		891
	79,779		American Campus Communities, Inc		2,908
	267,932		American Capital Agency Corp		5,694
	44,879		American Capital Mortgage, Inc		845
	105,616		American Homes 4 Rent		1,784
	127,603		American Realty Capital Healthcare Trust, Inc		1,337
	685,838		American Realty Capital Properties, Inc		8,271
	24,165	*,e	American Residential Properties, Inc		443
	298,228		American Tower Corp		27,923
	14,556		AmREIT, Inc (Class B)		334
	719,885		Annaly Capital Management, Inc		7,688
	104,198		Anworth Mortgage Asset Corp		499
	110,902		Apartment Investment & Management Co (Class A)		3,529
	34,740		Apollo Commercial Real Estate Finance, Inc		546
	22,112		Ares Commercial Real Estate Corp		258

287

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	14,151		Armada Hoffler Properties, Inc	$	128
	298,636	*,e	ARMOUR Residential REIT, Inc		1,150
	18,244		Ashford Hospitality Prime, Inc		278
	52,924		Ashford Hospitality Trust, Inc		541
	43,899		Associated Estates Realty Corp		769
	7,072	*	AV Homes, Inc		104
	97,504		AvalonBay Communities, Inc		13,745
	14,753		Aviv REIT, Inc		389
	146,174		BioMed Realty Trust, Inc		2,953
	115,541		Boston Properties, Inc		13,375
	118,676		Brandywine Realty Trust		1,670
	36,900		Brixmor Property Group, Inc		821
	64,335		Camden Property Trust		4,409
	49,200		Campus Crest Communities, Inc		315
	77,031	e	Capstead Mortgage Corp		943
	14,856	*	CareTrust REIT, Inc		212
	1,100		CatchMark Timber Trust Inc		12
	124,137		CBL & Associates Properties, Inc		2,222
	212,369	*	CBRE Group, Inc		6,316
	54,349		Cedar Shopping Centers, Inc		321
	189,048		Chambers Street Properties		1,424
	19,647		Chatham Lodging Trust		453
	37,072		Chesapeake Lodging Trust		1,081
	782,428		Chimera Investment Corp		2,379
	70,359		Colony Financial, Inc		1,575
	94,538		Columbia Property Trust, Inc		2,257
	4,977		Consolidated-Tomoka Land Co		244
	15,000		Coresite Realty		493
	65,862		Corporate Office Properties Trust		1,694
	149,941		Cousins Properties, Inc		1,792
	251,437		Crown Castle International Corp		20,248
	109,361		CubeSmart		1,966
	14,500		CyrusOne, Inc		349
	127,278	e	CYS Investments, Inc		1,049
	249,745		DCT Industrial Trust, Inc		1,876
	225,998		DDR Corp		3,781
	148,119		DiamondRock Hospitality Co		1,878
	102,419	e	Digital Realty Trust, Inc		6,389
	108,380		Douglas Emmett, Inc		2,782
	249,388		Duke Realty Corp		4,284
	47,457		DuPont Fabros Technology, Inc		1,283
	41,887	e	Dynex Capital, Inc		338
	23,492		EastGroup Properties, Inc		1,423
	86,427		Education Realty Trust, Inc		888
	69,842		Empire State Realty Trust, Inc		1,049
	40,575		Entertainment Properties Trust		2,056
	90,303	*	Equity Commonwealth		2,322
	62,982		Equity Lifestyle Properties, Inc		2,668
	45,769		Equity One, Inc		990
	271,699		Equity Residential		16,731
	47,098		Essex Property Trust, Inc		8,419
	35,324		Excel Trust, Inc		416

288

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	87,918		Extra Space Storage, Inc	$	4,534
	50,112		Federal Realty Investment Trust		5,936
	96,717		FelCor Lodging Trust, Inc		905
	82,257		First Industrial Realty Trust, Inc		1,391
	39,859		First Potomac Realty Trust		468
	120,106	*	Forest City Enterprises, Inc (Class A)		2,349
	29,389	*	Forestar Real Estate Group, Inc		521
	67,229		Franklin Street Properties Corp		754
	67,409	e	Gaming and Leisure Properties, Inc		2,083
	424,625		General Growth Properties, Inc		10,000
	54,016		Geo Group, Inc		2,065
	18,098		Getty Realty Corp		308
	9,649	e	Gladstone Commercial Corp		164
	109,785		Glimcher Realty Trust		1,486
	40,458		Government Properties Income Trust		886
	88,013	e	Gramercy Property Trust, Inc		507
	16,110		Hannon Armstrong Sustainable Infrastructure Capital, Inc		223
	78,328		Hatteras Financial Corp		1,407
	346,529		HCP, Inc		13,761
	231,067		Health Care REIT, Inc		14,412
	72,939		Healthcare Realty Trust, Inc		1,727
	179,076		Healthcare Trust of America, Inc		2,077
	153,508		Hersha Hospitality Trust		978
	68,398		Highwoods Properties, Inc		2,661
	43,293		Home Properties, Inc		2,521
	113,430		Hospitality Properties Trust		3,046
	573,634		Host Marriott Corp		12,236
	30,234	*	Howard Hughes Corp		4,535
	41,377		Hudson Pacific Properties		1,020
	64,150		Inland Real Estate Corp		636
	93,191		Invesco Mortgage Capital, Inc		1,465
	80,864		Investors Real Estate Trust		623
	64,505	*	iStar Financial, Inc		871
	33,460		Jones Lang LaSalle, Inc		4,227
	53,389	e	Kennedy-Wilson Holdings, Inc		1,279
	62,016		Kilroy Realty Corp		3,686
	312,567		Kimco Realty Corp		6,848
	24,893		Kite Realty Group Trust		603
	79,268		LaSalle Hotel Properties		2,714
	156,139	e	Lexington Corporate Properties Trust		1,529
	112,029		Liberty Property Trust		3,726
	27,155		LTC Properties, Inc		1,002
	106,565		Macerich Co		6,802
	67,066		Mack-Cali Realty Corp		1,282
	130,332		Medical Properties Trust, Inc		1,598
	277,088		MFA Mortgage Investments, Inc		2,156
	56,685		Mid-America Apartment Communities, Inc		3,721
	41,601		Monmouth Real Estate Investment Corp (Class A)		421
	25,162		National Health Investors, Inc		1,438
	93,219	e	National Retail Properties, Inc		3,223
	216,693	e	New Residential Investment Corp		1,263
	69,636	e	New York Mortgage Trust, Inc		503

289

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	133,364	*,e	New York REIT, Inc	$	1,371
	139,841		NorthStar Realty Finance Corp		2,471
	95,375	e	Omega Healthcare Investors, Inc		3,261
	9,027		One Liberty Properties, Inc		183
	8,338	e	Owens Realty Mortgage, Inc		119
	54,080		Parkway Properties, Inc		1,016
	48,419		Pebblebrook Hotel Trust		1,808
	52,388		Pennsylvania REIT		1,045
	57,080		Pennymac Mortgage Investment Trust		1,223
	26,500		Physicians Realty Trust		364
	116,280	e	Piedmont Office Realty Trust, Inc		2,051
	133,412		Plum Creek Timber Co, Inc		5,204
	39,530		Post Properties, Inc		2,029
	28,544		Potlatch Corp		1,148
	377,624		Prologis, Inc		14,236
	14,667		PS Business Parks, Inc		1,117
	108,020		Public Storage, Inc		17,914
	11,900	e	QTS Realty Trust, Inc		361
	71,652	e	RAIT Investment Trust		532
	49,178		Ramco-Gershenson Properties		799
	95,872		Rayonier, Inc		2,985
	9,000	e	Re/Max Holdings, Inc		268
	110,565	*	Realogy Holdings Corp		4,113
	166,550	e	Realty Income Corp		6,794
	62,979	e	Redwood Trust, Inc		1,044
	69,743		Regency Centers Corp		3,754
	88,791	e	Resource Capital Corp		432
	57,074		Retail Opportunities Investment Corp		839
	173,060		Retail Properties of America, Inc		2,532
	21,879		Rexford Industrial Realty, Inc		303
	99,184		RLJ Lodging Trust		2,824
	27,910	e	Rouse Properties, Inc		451
	32,495	e	Ryman Hospitality Properties		1,537
	36,029		Sabra Healthcare REIT, Inc		876
	6,582		Saul Centers, Inc		308
	27,823		Select Income REIT		669
	155,150		Senior Housing Properties Trust		3,246
	28,907		Silver Bay Realty Trust Corp		469
	233,554		Simon Property Group, Inc		38,401
	72,320		SL Green Realty Corp		7,327
	23,793		Sovran Self Storage, Inc		1,769
	302,542		Spirit Realty Capital, Inc		3,319
	47,906	*,e	St. Joe Co		955
	39,404		STAG Industrial, Inc		816
	168,526		Starwood Property Trust, Inc		3,701
	29,725		Starwood Waypoint Residential Trust		773
	186,899	*	Strategic Hotels & Resorts, Inc		2,177
	60,860		Summit Hotel Properties, Inc		656
	31,195		Sun Communities, Inc		1,575
	139,173		Sunstone Hotel Investors, Inc		1,923
	68,504		Tanger Factory Outlet Centers, Inc		2,241
	48,485		Taubman Centers, Inc		3,539

290

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,747	*	Tejon Ranch Co	$	329
	24,859		Terreno Realty Corp		468
	15,107	e	Trade Street Residential, Inc		108
	281,289		Two Harbors Investment Corp		2,720
	190,771		UDR, Inc		5,199
	11,783	e	UMH Properties, Inc		112
	7,885		Universal Health Realty Income Trust		329
	14,629		Urstadt Biddle Properties, Inc (Class A)		297
	221,375		Ventas, Inc		13,714
	140,266		Vornado Realty Trust		14,021
	117,976		Washington Prime Group, Inc		2,062
	50,804		Washington REIT		1,289
	92,487		Weingarten Realty Investors		2,913
	28,538	e	Western Asset Mortgage Capital Corp		422
	398,235		Weyerhaeuser Co		12,688
	14,061		Whitestone REIT		196
	75,159	e	WP Carey, Inc		4,793
			TOTAL REAL ESTATE		589,804
RETAILING - 4.2%
	14,742	*	1-800-FLOWERS.COM, Inc (Class A)		106
	48,207		Aaron’s, Inc		1,172
	55,095	e	Abercrombie & Fitch Co (Class A)		2,002
	55,059		Advance Auto Parts, Inc		7,174
	29,943	*,e	Aeropostale, Inc		99
	282,572	*	Amazon.com, Inc		91,113
	146,718	e	American Eagle Outfitters, Inc		2,130
	6,968	*	America’s Car-Mart, Inc		276
	35,675	*	Ann Taylor Stores Corp		1,467
	23,729	*	Asbury Automotive Group, Inc		1,529
	97,226	*	Ascena Retail Group, Inc		1,293
	11,570	*	Audiovox Corp (Class A)		108
	55,182	*	Autonation, Inc		2,776
	24,521	*	AutoZone, Inc		12,497
	30,948	*	Barnes & Noble, Inc		611
	23,033		Bebe Stores, Inc		53
	153,961	*,e	Bed Bath & Beyond, Inc		10,135
	215,572		Best Buy Co, Inc		7,241
	14,390		Big 5 Sporting Goods Corp		135
	43,237		Big Lots, Inc		1,861
	6,861	*	Blue Nile, Inc		196
	9,116	e	Bon-Ton Stores, Inc		76
	32,106		Brown Shoe Co, Inc		871
	21,122	e	Buckle, Inc		959
	8,786	*	Build-A-Bear Workshop, Inc		115
	21,674	*	Burlington Stores, Inc		864
	37,763	*,e	Cabela’s, Inc		2,224
	167,070	*	Carmax, Inc		7,760
	21,208		Cato Corp (Class A)		731
	116,119		Chico’s FAS, Inc		1,715
	15,377		Children’s Place Retail Stores, Inc		733
	33,880	*	Christopher & Banks Corp		335

291

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,466	*	Citi Trends, Inc	$	187
	20,933	*,e	Conn’s, Inc		634
	11,400	*,e	Container Store Group, Inc		248
	19,468		Core-Mark Holding Co, Inc		1,033
	8,764	*,e	Coupons.com, Inc		105
	57,355		CST Brands, Inc		2,062
	10,433		Destination Maternity Corp		161
	32,976	*	Destination XL Group, Inc		156
	74,068		Dick’s Sporting Goods, Inc		3,250
	19,360		Dillard’s, Inc (Class A)		2,110
	232,829	*	Dollar General Corp		14,228
	154,816	*	Dollar Tree, Inc		8,681
	54,370		DSW, Inc (Class A)		1,637
	76,656		Expedia, Inc		6,717
	64,933	*	Express Parent LLC		1,014
	72,348	e	Family Dollar Stores, Inc		5,588
	37,259		Finish Line, Inc (Class A)		933
	36,992	*,e	Five Below, Inc		1,465
	110,512		Foot Locker, Inc		6,150
	26,659	*	Francesca’s Holdings Corp		371
	29,664		Fred’s, Inc (Class A)		415
	13,967	*	FTD Cos, Inc		476
	11,720	*	Gaiam, Inc (Class A)		86
	86,754	e	GameStop Corp (Class A)		3,574
	200,247		Gap, Inc		8,348
	17,487	*	Genesco, Inc		1,307
	115,532		Genuine Parts Co		10,133
	69,032		GNC Holdings, Inc		2,674
	18,255		Group 1 Automotive, Inc		1,327
	355,763	*,e	Groupon, Inc		2,377
	44,451		Guess?, Inc		977
	16,062		Haverty Furniture Cos, Inc		350
	12,065	*,e	HHgregg, Inc		76
	18,371	*,e	Hibbett Sports, Inc		783
	1,028,640		Home Depot, Inc		94,367
	70,903	*	HomeAway, Inc		2,517
	25,591		HSN, Inc		1,571
	212,337	*,e	JC Penney Co, Inc		2,132
	8,801	*	Kirkland’s, Inc		142
	156,273		Kohl’s Corp		9,537
	182,518		L Brands, Inc		12,225
	12,586	*,e	Lands’ End, Inc		518
	369,771	*	Liberty Interactive Corp		10,546
	55,902	*	Liberty TripAdvisor Holdings, Inc		1,895
	55,902	*	Liberty Ventures		2,122
	16,930		Lithia Motors, Inc (Class A)		1,281
	229,339	*	LKQ Corp		6,098
	766,600		Lowe’s Companies, Inc		40,568
	21,092	*,e	Lumber Liquidators, Inc		1,210
	272,354		Macy’s, Inc		15,846
	16,477	*	MarineMax, Inc		278
	10,302	*,e	Mattress Firm Holding Corp		619

292

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	36,113		Men’s Wearhouse, Inc	$	1,705
	21,100	*	Michaels Cos, Inc		369
	24,581	e	Monro Muffler, Inc		1,193
	34,348	*	Murphy USA, Inc		1,823
	45,145	*	NetFlix, Inc		20,369
	13,306	*	New York & Co, Inc		40
	105,087		Nordstrom, Inc		7,185
	20,499		Nutri/System, Inc		315
	405,707	*	Office Depot, Inc		2,085
	38,429	*	Orbitz Worldwide, Inc		302
	79,576	*	O’Reilly Automotive, Inc		11,965
	15,915	*,e	Outerwall, Inc		893
	8,893	*,e	Overstock.com, Inc		150
	35,100	*	Pacific Sunwear Of California, Inc		63
	31,428		Penske Auto Group, Inc		1,276
	40,957	*	PEP Boys - Manny Moe & Jack		365
	8,150	e	PetMed Express, Inc		111
	74,866		Petsmart, Inc		5,247
	72,685		Pier 1 Imports, Inc		864
	38,794	*	Priceline.com, Inc		44,946
	40,660		Rent-A-Center, Inc		1,234
	23,643	*,e	Restoration Hardware Holdings, Inc		1,881
	23,188	*,e	RetailMeNot, Inc		375
	159,274		Ross Stores, Inc		12,038
	123,310	*	Sally Beauty Holdings, Inc		3,375
	20,377	*,e	Sears Holdings Corp		514
	9,044	*,e	Sears Hometown and Outlet Stores, Inc		140
	42,473	*	Select Comfort Corp		889
	10,447		Shoe Carnival, Inc		186
	29,418	*	Shutterfly, Inc		1,434
	60,439		Signet Jewelers Ltd		6,885
	29,758		Sonic Automotive, Inc (Class A)		729
	7,767	*,e	Sportsman’s Warehouse Holdings, Inc		52
	25,073		Stage Stores, Inc		429
	489,977		Staples, Inc		5,929
	17,973		Stein Mart, Inc		208
	9,938		Systemax, Inc		124
	476,367		Target Corp		29,859
	84,264		Tiffany & Co		8,115
	21,071	*,e	Tile Shop Holdings, Inc		195
	6,790	*	Tilly’s, Inc		51
	526,642		TJX Companies, Inc		31,161
	104,668		Tractor Supply Co		6,438
	83,948	*	TripAdvisor, Inc		7,675
	32,864	*	Tuesday Morning Corp		638
	48,392	*	Ulta Salon Cosmetics & Fragrance, Inc		5,718
	81,376	*	Urban Outfitters, Inc		2,987
	29,701	*	Valuevision International, Inc (Class A)		152
	22,533	*	Vitamin Shoppe, Inc		1,000
	11,292	*	West Marine, Inc		102
	29,100	*	WEX, Inc		3,210
	71,021		Williams-Sonoma, Inc		4,728

293

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	1,945		Winmark Corp	$	143
	10,200	*,e	zulily, Inc		386
	15,828	*	Zumiez, Inc		445
			TOTAL RETAILING		694,153
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	29,482	*	Advanced Energy Industries, Inc		554
	474,503	*,e	Advanced Micro Devices, Inc		1,618
	11,245	*	Alpha & Omega Semiconductor Ltd		106
	237,344		Altera Corp		8,492
	21,591	*,e	Ambarella, Inc		943
	64,371	*	Amkor Technology, Inc		541
	233,106		Analog Devices, Inc		11,536
	914,892		Applied Materials, Inc		19,771
	59,771	*,e	Applied Micro Circuits Corp		418
	317,173	*	Atmel Corp		2,563
	7,201	*,e	Audience, Inc		53
	188,674		Avago Technologies Ltd		16,415
	83,398	*	Axcelis Technologies, Inc		166
	402,315		Broadcom Corp (Class A)		16,262
	52,087		Brooks Automation, Inc		547
	17,924	*	Cabot Microelectronics Corp		743
	9,758	*	Cascade Microtech, Inc		99
	38,988	*	Cavium Networks, Inc		1,939
	18,075	*	Ceva, Inc		243
	47,684	*	Cirrus Logic, Inc		994
	18,761		Cohu, Inc		225
	92,344	*,e	Cree, Inc		3,781
	118,022	e	Cypress Semiconductor Corp		1,165
	28,713	*	Diodes, Inc		687
	21,955	*	DSP Group, Inc		195
	105,554	*	Entegris, Inc		1,214
	68,235	*	Entropic Communications, Inc		181
	28,026	*	Exar Corp		251
	95,996	*	Fairchild Semiconductor International, Inc		1,491
	53,360	*	First Solar, Inc		3,512
	40,961	*	Formfactor, Inc		294
	79,359	*,e	Freescale Semiconductor Holdings Ltd		1,550
	106,648	*,e	GT Solar International, Inc		1,155
	23,492	*	Inphi Corp		338
	100,476	*	Integrated Device Technology, Inc		1,603
	19,660		Integrated Silicon Solution, Inc		270
	3,744,200		Intel Corp		130,373
	52,511	*	International Rectifier Corp		2,060
	94,162		Intersil Corp (Class A)		1,338
	16,725		IXYS Corp		176
	124,616		Kla-Tencor Corp		9,817
	50,517	*	Kopin Corp		172
	122,876		Lam Research Corp		9,179
	90,159	*	Lattice Semiconductor Corp		676
	178,347		Linear Technology Corp		7,917
	7,685	*	MA-COM Technology Solutions		168

294

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	299,774		Marvell Technology Group Ltd	$	4,041
	214,026		Maxim Integrated Products, Inc		6,472
	17,709	*	MaxLinear, Inc		122
	40,439		Micrel, Inc		486
	150,135	e	Microchip Technology, Inc		7,091
	807,280	*	Micron Technology, Inc		27,657
	70,791	*	Microsemi Corp		1,799
	40,466		MKS Instruments, Inc		1,351
	28,065		Monolithic Power Systems, Inc		1,236
	18,167	*	Nanometrics, Inc		274
	3,184	*	NVE Corp		205
	422,848		Nvidia Corp		7,802
	40,842	*	Omnivision Technologies, Inc		1,081
	331,808	*	ON Semiconductor Corp		2,966
	23,357	*	PDF Solutions, Inc		294
	20,104	*	Peregrine Semiconductor Corp		249
	19,298	*	Pericom Semiconductor Corp		188
	46,544	*	Photronics, Inc		375
	130,681	*	PMC - Sierra, Inc		975
	22,927		Power Integrations, Inc		1,236
	40,327	*,e	QuickLogic Corp		121
	84,186	*	Rambus, Inc		1,051
	216,856	*,e	RF Micro Devices, Inc		2,502
	19,674	*,e	Rubicon Technology, Inc		84
	25,190	*	Rudolph Technologies, Inc		228
	51,093	*	Semtech Corp		1,387
	56,384	*	Silicon Image, Inc		284
	32,688	*	Silicon Laboratories, Inc		1,328
	143,527		Skyworks Solutions, Inc		8,332
	45,610	*	Spansion, Inc		1,039
	203,017	*	SunEdison, Inc		3,833
	34,481	*,e	SunPower Corp		1,168
	145,162		Teradyne, Inc		2,815
	40,116		Tessera Technologies, Inc		1,066
	811,842		Texas Instruments, Inc		38,717
	129,862	*	Triquint Semiconductor, Inc		2,476
	17,159	*	Ultra Clean Holdings		154
	21,651	*	Ultratech, Inc		493
	29,696	*,e	Veeco Instruments, Inc		1,038
	38,295	*	Vitesse Semiconductor Corp		138
	37,527	*	Xcerra Corp		367
	200,711		Xilinx, Inc		8,500
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		406,812
SOFTWARE & SERVICES - 10.4%
	9,048	*,e	A10 Networks, Inc		82
	475,301		Accenture plc		38,652
	90,744	*	ACI Worldwide, Inc		1,702
	375,205		Activision Blizzard, Inc		7,801
	40,528	*	Actuate Corp		158
	57,158	*	Acxiom Corp		946
	374,941	*	Adobe Systems, Inc		25,942

295

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	39,195		Advent Software, Inc	$	1,237
	7,597	*,e	Aerohive Networks, Inc		61
	134,169	*	Akamai Technologies, Inc		8,023
	40,820	*	Alliance Data Systems Corp		10,134
	6,591	*,e	Amber Road, Inc		114
	119,106		Amdocs Ltd		5,465
	15,720	*	American Software, Inc (Class A)		139
	32,146	*,e	Angie’s List, Inc		205
	69,925	*	Ansys, Inc		5,291
	61,041		AOL, Inc		2,744
	71,089	*	Aspen Technology, Inc		2,681
	172,342	*	Autodesk, Inc		9,496
	361,911		Automatic Data Processing, Inc		30,068
	25,053	*	AVG Technologies NV		415
	50,870	*	Bankrate, Inc		578
	5,965	*	Barracuda Networks, Inc		153
	36,867	*	Bazaarvoice, Inc		272
	2,542	*,e	Benefitfocus, Inc		69
	35,258		Blackbaud, Inc		1,385
	38,269	*	Blackhawk Network Holdings, Inc		1,240
	30,473	*	Blucora, Inc		464
	55,821		Booz Allen Hamilton Holding Co		1,306
	4,804	*,e	Borderfree, Inc		62
	29,562	*	Bottomline Technologies, Inc		816
	20,694	*	Brightcove, Inc		115
	92,422		Broadridge Financial Solutions, Inc		3,848
	20,308	*	BroadSoft, Inc		427
	241,769		CA, Inc		6,755
	17,259	*	CACI International, Inc (Class A)		1,230
	219,174	*	Cadence Design Systems, Inc		3,772
	35,036	*	Callidus Software, Inc		421
	13,412	*	Carbonite, Inc		137
	33,955	*	Cardtronics, Inc		1,195
	5,000	*,e	Care.com, Inc		41
	7,744		Cass Information Systems, Inc		321
	15,814	*,e	ChannelAdvisor Corp		259
	52,926	*	Ciber, Inc		182
	123,631	*	Citrix Systems, Inc		8,820
	457,674	*	Cognizant Technology Solutions Corp (Class A)		20,490
	35,374	*	Commvault Systems, Inc		1,783
	108,985		Computer Sciences Corp		6,664
	11,045		Computer Task Group, Inc		123
	163,806		Compuware Corp		1,738
	27,099	*	comScore, Inc		987
	16,654	*	Comverse, Inc		372
	36,166	*,e	Concur Technologies, Inc		4,587
	23,960	*	Constant Contact, Inc		650
	76,457		Convergys Corp		1,362
	50,676	*	Conversant, Inc		1,736
	40,208	*	Cornerstone OnDemand, Inc		1,384
	21,672	*	CoStar Group, Inc		3,371
	27,701		CSG Systems International, Inc		728

296

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	13,746	*,e	Cvent, Inc	$	349
	20,584	*,e	Cyan, Inc		64
	11,133	*	Datalink Corp		118
	40,435	*	DealerTrack Holdings, Inc		1,755
	4,552	*	Demand Media, Inc		40
	22,223	*,e	Demandware, Inc		1,132
	37,330	*	Dice Holdings, Inc		313
	27,690	*	Digital River, Inc		402
	5,437		DMRC Corp		113
	23,466		DST Systems, Inc		1,969
	17,491	*,e	E2open, Inc		163
	82,942		EarthLink Holdings Corp		284
	952,477	*	eBay, Inc		53,939
	15,000		Ebix, Inc		213
	238,218	*	Electronic Arts, Inc		8,483
	20,207	*	Ellie Mae, Inc		659
	21,956	*,e	Endurance International Group Holdings, Inc		357
	20,747	*,e	EnerNOC, Inc		352
	25,859	*	Envestnet, Inc		1,164
	25,200	*	EPAM Systems, Inc		1,104
	25,591		EPIQ Systems, Inc		449
	3,943		ePlus, Inc		221
	38,050	*	Equinix, Inc		8,085
	37,881	*	Euronet Worldwide, Inc		1,810
	45,179		EVERTEC, Inc		1,009
	5,306	*,e	Everyday Health, Inc		74
	24,918	*	ExlService Holdings, Inc		608
	1,485,045	*	Facebook, Inc		117,378
	31,946	e	Factset Research Systems, Inc		3,882
	26,950		Fair Isaac Corp		1,485
	217,790		Fidelity National Information Services, Inc		12,262
	64,915	*,e	FireEye, Inc		1,984
	71,017	*	First American Corp		1,922
	188,045	*	Fiserv, Inc		12,154
	9,532	*,e	Five9, Inc		62
	62,803	*	FleetCor Technologies, Inc		8,926
	28,477	*,e	FleetMatics Group plc		869
	11,266		Forrester Research, Inc		415
	103,474	*	Fortinet, Inc		2,614
	68,004	*	Gartner, Inc		4,996
	122,107	*	Genpact Ltd		1,993
	19,206	*,m	Gerber Scientific, Inc		0^
	18,635	*,e	Gigamon, Inc		195
	51,313	*	Global Cash Access, Inc		346
	28,415	*	Global Eagle Entertainment, Inc		319
	54,688		Global Payments, Inc		3,822
	69,701	*,e	Glu Mobile, Inc		360
	42,541	*,e	Gogo, Inc		717
	213,618	*	Google, Inc		123,335
	211,120	*	Google, Inc (Class A)		124,225
	6,976	*,e	GrubHub, Inc		239
	9,950	*	GTT Communications, Inc		119

297

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	9,927	*,e	Guidance Software, Inc	$	67
	51,316	*	Guidewire Software, Inc		2,275
	28,793		Hackett Group, Inc		172
	28,656	e	Heartland Payment Systems, Inc		1,367
	23,633	*	Higher One Holdings, Inc		58
	56,348		IAC/InterActiveCorp		3,713
	27,237	*	iGate Corp		1,000
	15,425	*,e	Imperva, Inc		443
	37,980	*	Infoblox, Inc		560
	82,708	*	Informatica Corp		2,832
	25,780	*	Information Services Group, Inc		98
	12,605	*	Interactive Intelligence, Inc		527
	40,309	*	Internap Network Services Corp		278
	711,497		International Business Machines Corp		135,063
	213,644		Intuit, Inc		18,726
	36,074	e	j2 Global, Inc		1,781
	63,715		Jack Henry & Associates, Inc		3,546
	30,270	*	Jive Software, Inc		176
	19,259	*	Knot, Inc		216
	56,344	*,e	Kofax Ltd		436
	49,809		Leidos Holdings, Inc		1,710
	50,961	*	Limelight Networks, Inc		119
	78,486	*	LinkedIn Corp		16,309
	44,720	*	Lionbridge Technologies		201
	19,090	*,e	Liquidity Services, Inc		263
	40,701	*	Liveperson, Inc		512
	18,232	*	LogMeIn, Inc		840
	5,938	*	Luxoft Holding, Inc		221
	13,813	*	magicJack VocalTec Ltd		136
	56,909	*	Manhattan Associates, Inc		1,902
	18,418		Mantech International Corp (Class A)		496
	25,119		Marchex, Inc (Class B)		104
	20,549	*	Marin Software, Inc		177
	19,466	*,e	Marketo, Inc		629
	756,154		Mastercard, Inc (Class A)		55,895
	7,815	*,e	Mavenir Systems, Inc		98
	51,764		MAXIMUS, Inc		2,077
	73,403		Mentor Graphics Corp		1,504
	6,213,170		Microsoft Corp		288,043
	6,844	*	MicroStrategy, Inc (Class A)		895
	56,010	*,e	Millennial Media, Inc		104
	9,450	*	MobileIron, Inc		105
	14,483	*	Model N, Inc		143
	33,165	*,e	ModusLink Global Solutions, Inc		118
	22,389	*	MoneyGram International, Inc		281
	29,292		Monotype Imaging Holdings, Inc		830
	70,908	*	Monster Worldwide, Inc		390
	29,335	*	Move, Inc		615
	28,739	*	Netscout Systems, Inc		1,316
	31,367	*,e	NetSuite, Inc		2,809
	42,216	*,e	NeuStar, Inc (Class A)		1,048
	48,579		NIC, Inc		837

298

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	199,552	*	Nuance Communications, Inc	$	3,076
	5,741	*,e	OPOWER, Inc		108
	2,470,421		Oracle Corp		94,568
	155,524	*	Pandora Media, Inc		3,757
	7,197	*	Park City Group, Inc		71
	244,849		Paychex, Inc		10,822
	4,481	*,e	Paycom Software, Inc		74
	24,918		Pegasystems, Inc		476
	25,493	*	Perficient, Inc		382
	22,039	*	PRG-Schultz International, Inc		129
	38,760	*	Progress Software Corp		927
	27,964	*	Proofpoint, Inc		1,039
	17,256	*	PROS Holdings, Inc		435
	90,859	*	PTC, Inc		3,353
	7,544	*,e	Q2 Holdings, Inc		106
	3,320		QAD, Inc (Class A)		62
	65,926	*	QLIK Technologies, Inc		1,783
	15,315	*	Qualys, Inc		407
	20,643	*	QuinStreet, Inc		86
	86,647	*	Rackspace Hosting, Inc		2,820
	9,374	*,e	Rally Software Development Corp		113
	18,038	*	RealNetworks, Inc		125
	39,496	*,e	RealPage, Inc		612
	142,700	*	Red Hat, Inc		8,013
	6,528		Reis, Inc		154
	4,552	*	Rightside Group Ltd		44
	13,745	*,e	Rocket Fuel, Inc		217
	15,279	*	Rosetta Stone, Inc		123
	71,644	*	Rovi Corp		1,415
	5,726	*,e	Rubicon Project, Inc		67
	31,508	e	Sabre Corp		564
	462,497	*	Salesforce.com, Inc		26,607
	13,536		Sapiens International Corp NV		100
	85,802	*	Sapient Corp		1,201
	31,732		Science Applications International Corp		1,404
	21,075	*	Sciquest, Inc		317
	24,634	*	Seachange International, Inc		171
	109,169	*	ServiceNow, Inc		6,417
	46,932	*,e	ServiceSource International LLC		152
	11,435	*,e	Shutterstock, Inc		816
	26,176	*,e	Silver Spring Networks, Inc		253
	49,819	*	SolarWinds, Inc		2,095
	52,358		Solera Holdings, Inc		2,951
	89,484	*	Splunk, Inc		4,954
	11,456	*	SPS Commerce, Inc		609
	51,412	*	SS&C Technologies Holdings, Inc		2,256
	11,136	*	Stamps.com, Inc		354
	31,978	*	Sykes Enterprises, Inc		639
	523,647		Symantec Corp		12,311
	26,622	*	Synchronoss Technologies, Inc		1,219
	117,306	*	Synopsys, Inc		4,656
	11,627	*	Syntel, Inc		1,023

299

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	34,637	*	TA Indigo Holding Corp	$	281
	28,745	*	Tableau Software, Inc		2,088
	72,182	*	Take-Two Interactive Software, Inc		1,665
	29,444	*	Tangoe, Inc		399
	12,153	*	TechTarget, Inc		104
	24,938	*	TeleCommunication Systems, Inc (Class A)		70
	12,644	*	TeleNav, Inc		85
	13,212	*	TeleTech Holdings, Inc		325
	119,632	*	Teradata Corp		5,015
	14,409	*,e	Textura Corp		380
	124,754	*	TIBCO Software, Inc		2,948
	87,562	*	TiVo, Inc		1,120
	126,792		Total System Services, Inc		3,926
	6,116	*	Travelzoo, Inc		95
	25,168	*,e	Tremor Video, Inc		59
	6,295	*,e	TrueCar, Inc		113
	28,133	*,e	Trulia, Inc		1,376
	360,606	*	Twitter, Inc		18,600
	24,991	*	Tyler Technologies, Inc		2,209
	21,521	*	Ultimate Software Group, Inc		3,045
	38,674	*	Unisys Corp		905
	68,687	*	Unwired Planet, Inc		128
	94,253	*	Vantiv, Inc		2,912
	3,865	*,e	Varonis Systems, Inc		82
	19,828	*	Vasco Data Security International		372
	84,224	*	VeriFone Systems, Inc		2,896
	41,214	*	Verint Systems, Inc		2,292
	91,214	*,e	VeriSign, Inc		5,028
	32,131	*,e	VirnetX Holding Corp		193
	19,493	*	Virtusa Corp		693
	377,303		Visa, Inc (Class A)		80,505
	24,953	*,e	VistaPrint Ltd		1,367
	66,416	*	VMware, Inc (Class A)		6,233
	49,370	*,e	Vringo, Inc		47
	28,678	*,e	WebMD Health Corp (Class A)		1,199
	36,917	*	Website Pros, Inc		737
	407,229	e	Western Union Co		6,532
	9,100	*,e	Wix.com Ltd		148
	70,957	*	Workday, Inc		5,854
	883,916		Xerox Corp		11,694
	23,310	*	Xoom Corp		512
	758,669	*	Yahoo!, Inc		30,916
	37,978	*,e	Yelp, Inc		2,592
	14,220	*,e	YuMe, Inc		71
	8,238	*,e	Zendesk, Inc		178
	23,203	*,e	Zillow, Inc		2,691
	47,197	*	Zix Corp		161
	534,906	*	Zynga, Inc		1,444
			TOTAL SOFTWARE & SERVICES		1,713,826
TECHNOLOGY HARDWARE & EQUIPMENT - 6.0%
	83,151	*,e	3D Systems Corp		3,856

300

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	45,260		Adtran, Inc	$	929
	18,766	*	Agilysys, Inc		220
	9,098	e	Alliance Fiber Optic Products, Inc		113
	117,963		Amphenol Corp (Class A)		11,780
	20,525		Anixter International, Inc		1,741
	4,535,150		Apple, Inc		456,916
	11,231	*	Applied Optoelectronics, Inc		181
	4,588	*	Arista Networks, Inc		405
	95,409	*	ARRIS Group, Inc		2,705
	75,366	*	Arrow Electronics, Inc		4,172
	80,354	*	Aruba Networks, Inc		1,734
	104,137		Avnet, Inc		4,322
	34,410		AVX Corp		457
	11,475		Badger Meter, Inc		579
	7,316		Bel Fuse, Inc (Class B)		181
	33,137		Belden CDT, Inc		2,121
	40,623	*	Benchmark Electronics, Inc		902
	12,526		Black Box Corp		292
	72,862	*,e	Bookham, Inc		104
	330,434		Brocade Communications Systems, Inc		3,592
	26,799	*,e	CalAmp Corp		472
	28,887	*	Calix Networks, Inc		276
	65,847		CDW Corp		2,045
	30,668	*	Checkpoint Systems, Inc		375
	77,250	*,e	Ciena Corp		1,292
	3,853,056		Cisco Systems, Inc		96,982
	8,964	*,e	Clearfield, Inc		114
	65,532		Cognex Corp		2,639
	19,403		Coherent, Inc		1,191
	47,048	*	CommScope Holding Co, Inc		1,125
	11,551		Comtech Telecommunications Corp		429
	8,410	*,e	Control4 Corp		109
	986,772		Corning, Inc		19,084
	29,620	*,e	Cray, Inc		777
	23,637		CTS Corp		376
	16,074	*,e	CUI Global, Inc		116
	27,847		Daktronics, Inc		342
	47,853		Diebold, Inc		1,690
	18,652	*	Digi International, Inc		140
	34,151	e	Dolby Laboratories, Inc (Class A)		1,427
	46,638	*,e	Dot Hill Systems Corp		176
	16,172	*	DTS, Inc		408
	13,533	*,e	Eastman Kodak Co		297
	32,770	*	EchoStar Corp (Class A)		1,598
	11,677		Electro Rent Corp		161
	17,062		Electro Scientific Industries, Inc		116
	35,264	*	Electronics for Imaging, Inc		1,558
	1,538,771		EMC Corp		45,024
	65,177	*	Emulex Corp		322
	79,396	*	Extreme Networks, Inc		380
	57,317	*	F5 Networks, Inc		6,806
	26,560	*	Fabrinet		388

301

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	12,851	*	FARO Technologies, Inc	$	652
	32,068		FEI Co		2,419
	73,430	*,e	Finisar Corp		1,221
	104,966		Flir Systems, Inc		3,290
	20,123	*	GSI Group, Inc		231
	85,574	*	Harmonic, Inc		543
	79,176		Harris Corp		5,257
	1,427,559		Hewlett-Packard Co		50,636
	21,661	*	Immersion Corp		186
	88,583	*	Infinera Corp		945
	116,956	*	Ingram Micro, Inc (Class A)		3,019
	32,646	*	Insight Enterprises, Inc		739
	31,229	e	InterDigital, Inc		1,244
	17,622	*	Intevac, Inc		118
	53,770	*,e	InvenSense, Inc		1,061
	24,446	e	IPG Photonics Corp		1,681
	31,091	*	Itron, Inc		1,222
	43,041	*	Ixia		393
	154,194		Jabil Circuit, Inc		3,110
	176,416	*	JDS Uniphase Corp		2,258
	358,956		Juniper Networks, Inc		7,951
	33,781	*	Kemet Corp		139
	64,648	*,e	Knowles Corp		1,713
	10,929	*	KVH Industries, Inc		124
	48,008		Lexmark International, Inc (Class A)		2,040
	17,104		Littelfuse, Inc		1,457
	22,942	*,e	Maxwell Technologies, Inc		200
	11,532	*	Measurement Specialties, Inc		987
	23,128	*	Mercury Computer Systems, Inc		255
	1,988		Mesa Laboratories, Inc		115
	28,385		Methode Electronics, Inc		1,047
	167,793		Motorola, Inc		10,618
	12,135		MTS Systems Corp		828
	9,079	*	Multi-Fineline Electronix, Inc		85
	75,087		National Instruments Corp		2,322
	127,136	*	NCR Corp		4,248
	248,507		NetApp, Inc		10,676
	28,803	*	Netgear, Inc		900
	27,910	*	Newport Corp		495
	6,210	*,e	Nimble Storage, Inc		161
	10,650	*	Numerex Corp		112
	15,398		Oplink Communications, Inc		259
	14,702	*	OSI Systems, Inc		933
	39,302	*	Palo Alto Networks, Inc		3,856
	18,452		Park Electrochemical Corp		435
	68,401	*,e	Parkervision, Inc		78
	6,868		PC Connection, Inc		147
	31,900		Plantronics, Inc		1,524
	25,402	*	Plexus Corp		938
	104,359	*	Polycom, Inc		1,282
	16,952	*,e	Procera Networks, Inc		162
	73,291	*	QLogic Corp		671

302

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	1,269,544		Qualcomm, Inc	$	94,924
	171,155	*,e	Quantum Corp		199
	36,008	*,e	RealD, Inc		337
	124,087	*	Riverbed Technology, Inc		2,301
	21,664	*	Rofin-Sinar Technologies, Inc		500
	13,791	*	Rogers Corp		755
	48,685	*	Ruckus Wireless, Inc		650
	170,395		SanDisk Corp		16,690
	61,646	*	Sanmina Corp		1,286
	22,159	*	Scansource, Inc		766
	43,182	*	ShoreTel, Inc		287
	25,143	*,e	Silicon Graphics International Corp		232
	187,540	*	Sonus Networks, Inc		641
	29,279	*,e	Speed Commerce, Inc		81
	37,383	*,e	Stratasys Ltd		4,515
	25,994	*	Super Micro Computer, Inc		765
	27,223	*	Synaptics, Inc		1,993
	21,522	*	SYNNEX Corp		1,391
	28,651	*	Tech Data Corp		1,686
	3,883		Tessco Technologies, Inc		113
	197,674	*	Trimble Navigation Ltd		6,029
	41,884	*	TTM Technologies, Inc		285
	21,543	e	Ubiquiti Networks, Inc		809
	29,474	*,e	Universal Display Corp		962
	31,477	*,e	Viasat, Inc		1,735
	3,408	*	Viasystems Group, Inc		54
	60,568	*,e	Violin Memory, Inc		295
	100,754		Vishay Intertechnology, Inc		1,440
	9,508	*	Vishay Precision Group, Inc		142
	161,050		Western Digital Corp		15,673
	38,765	*	Zebra Technologies Corp (Class A)		2,751
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		982,807
TELECOMMUNICATION SERVICES - 2.2%
	66,124	*	8x8, Inc		442
	3,904,000		AT&T, Inc		137,577
	7,918		Atlantic Tele-Network, Inc		427
	12,079	*	Boingo Wireless, Inc		86
	432,093		CenturyTel, Inc		17,668
	149,815	*	Cincinnati Bell, Inc		505
	35,274		Cogent Communications Group, Inc		1,186
	30,479	e	Consolidated Communications Holdings, Inc		764
	10,686	e	Enventis Corp		194
	16,551	*	Fairpoint Communications, Inc		251
	762,890	e	Frontier Communications Corp		4,966
	24,304	*	General Communication, Inc (Class A)		265
	206,831	*,e	Globalstar, Inc		757
	7,568	*,e	Hawaiian Telcom Holdco, Inc		194
	10,513		IDT Corp (Class B)		169
	45,794	*	inContact, Inc		398
	25,073		Inteliquent, Inc		312
	20,308	*	Intelsat S.A.		348

303

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	60,764	*,e	Iridium Communications, Inc	$	538
	135,750	*	Level 3 Communications, Inc		6,208
	11,759		Lumos Networks Corp		191
	11,759	e	NTELOS Holdings Corp		125
	28,044	*	Orbcomm, Inc		161
	42,630	*	Premiere Global Services, Inc		510
	21,474	*,e	RingCentral, Inc		273
	97,128	*	SBA Communications Corp (Class A)		10,772
	18,151		Shenandoah Telecom Co		450
	18,421		Spok Holdings, Inc		240
	551,084	*,e	Sprint Corp		3,494
	64,768		Telephone & Data Systems, Inc		1,552
	201,000		T-Mobile US, Inc		5,803
	104,168	*	tw telecom inc (Class A)		4,334
	9,529		US Cellular Corp		338
	3,114,762		Verizon Communications, Inc		155,707
	119,221	*	Vonage Holdings Corp		391
	459,835	e	Windstream Holdings, Inc		4,957
			TOTAL TELECOMMUNICATION SERVICES		362,553
TRANSPORTATION - 2.3%
	44,655	*	Air Transport Services Group, Inc		325
	104,160		Alaska Air Group, Inc		4,535
	10,384		Allegiant Travel Co		1,284
	5,591		Amerco, Inc		1,464
	544,344		American Airlines Group, Inc		19,313
	19,331		Arkansas Best Corp		721
	19,165	*	Atlas Air Worldwide Holdings, Inc		633
	79,796	*	Avis Budget Group, Inc		4,380
	37,980	e	Baltic Trading Ltd		157
	16,346		Celadon Group, Inc		318
	112,465		CH Robinson Worldwide, Inc		7,459
	42,760		Con-Way, Inc		2,031
	24,453		Copa Holdings S.A. (Class A)		2,624
	756,550		CSX Corp		24,255
	637,685		Delta Air Lines, Inc		23,052
	17,462	*	Echo Global Logistics, Inc		411
	149,461		Expeditors International of Washington, Inc		6,065
	222,606		FedEx Corp		35,940
	22,919		Forward Air Corp		1,027
	37,277	*	Genesee & Wyoming, Inc (Class A)		3,553
	34,479	*,e	Hawaiian Holdings, Inc		464
	41,206		Heartland Express, Inc		987
	339,163	*	Hertz Global Holdings, Inc		8,611
	28,105	*	Hub Group, Inc (Class A)		1,139
	4,290		International Shipholding Corp		77
	69,164		J.B. Hunt Transport Services, Inc		5,122
	184,047	*,e	JetBlue Airways Corp		1,955
	82,978		Kansas City Southern Industries, Inc		10,057
	42,550	*	Kirby Corp		5,014
	45,057		Knight Transportation, Inc		1,234
	24,864		Knightsbridge Tankers Ltd		220

304

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	33,831		Landstar System, Inc	$	2,442
	17,739		Marten Transport Ltd		316
	32,238		Matson, Inc		807
	60,245		Navios Maritime Holdings, Inc		361
	233,250		Norfolk Southern Corp		26,031
	47,554	*	Old Dominion Freight Line		3,359
	2,470	*	PAM Transportation Services, Inc		90
	6,136		Park-Ohio Holdings Corp		294
	4,942	*	Patriot Transportation Holding, Inc		168
	20,803	*	Quality Distribution, Inc		266
	36,815	*	Republic Airways Holdings, Inc		409
	20,933	*	Roadrunner Transportation Services Holdings, Inc		477
	40,345		Ryder System, Inc		3,630
	30,068		Safe Bulkers, Inc		200
	18,094	*	Saia, Inc		897
	102,799	*	Scorpio Bulkers, Inc		598
	40,260		Skywest, Inc		313
	519,579		Southwest Airlines Co		17,546
	55,048	*	Spirit Airlines, Inc		3,806
	63,781	*	Swift Transportation Co, Inc		1,338
	282,381	*	UAL Corp		13,213
	14,027	*	Ultrapetrol Bahamas Ltd		44
	681,313		Union Pacific Corp		73,868
	533,210		United Parcel Service, Inc (Class B)		52,409
	3,884		Universal Truckload Services, Inc		94
	4,427	*,e	USA Truck, Inc		78
	69,158	e	UTI Worldwide, Inc		735
	34,798		Werner Enterprises, Inc		877
	34,408	*	Wesco Aircraft Holdings, Inc		599
	40,094	*,e	XPO Logistics, Inc		1,510
	23,809	*	YRC Worldwide, Inc		484
			TOTAL TRANSPORTATION		381,686
UTILITIES - 3.0%
	15,035	*	Abengoa Yield plc		535
	497,334		AES Corp		7,052
	90,267		AGL Resources, Inc		4,634
	32,016		Allete, Inc		1,421
	84,216		Alliant Energy Corp		4,666
	184,363		Ameren Corp		7,067
	367,101		American Electric Power Co, Inc		19,166
	29,456		American States Water Co		896
	134,451		American Water Works Co, Inc		6,485
	134,973		Aqua America, Inc		3,176
	4,909		Artesian Resources Corp		99
	108,646	e	Atlantic Power Corp		259
	69,174		Atmos Energy Corp		3,300
	45,672		Avista Corp		1,394
	33,522		Black Hills Corp		1,605
	35,650		California Water Service Group		800
	306,005	*	Calpine Corp		6,640
	325,746		Centerpoint Energy, Inc		7,971

305

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,591		Chesapeake Utilities Corp	$	483
	46,444		Cleco Corp		2,236
	203,302		CMS Energy Corp		6,030
	8,405		Connecticut Water Service, Inc		273
	220,291		Consolidated Edison, Inc		12,482
	438,116		Dominion Resources, Inc		30,269
	131,757		DTE Energy Co		10,024
	531,944		Duke Energy Corp		39,773
	76,383	*	Dynegy, Inc		2,204
	246,110		Edison International		13,762
	30,616		El Paso Electric Co		1,119
	33,239	e	Empire District Electric Co		803
	135,237		Entergy Corp		10,458
	647,818		Exelon Corp		22,084
	318,220		FirstEnergy Corp		10,683
	117,135		Great Plains Energy, Inc		2,831
	73,366	e	Hawaiian Electric Industries, Inc		1,948
	38,056		Idacorp, Inc		2,040
	59,780		Integrys Energy Group, Inc		3,875
	118,947		ITC Holdings Corp		4,238
	24,878		Laclede Group, Inc		1,154
	144,429		MDU Resources Group, Inc		4,017
	26,250		MGE Energy, Inc		978
	11,759		Middlesex Water Co		230
	55,740		National Fuel Gas Co		3,901
	31,721		New Jersey Resources Corp		1,602
	328,524		NextEra Energy, Inc		30,842
	237,792		NiSource, Inc		9,745
	239,428		Northeast Utilities		10,607
	22,143	e	Northwest Natural Gas Co		936
	27,832		NorthWestern Corp		1,262
	245,109		NRG Energy, Inc		7,471
	17,100		NRG Yield, Inc		805
	150,808		OGE Energy Corp		5,597
	39,547		ONE Gas, Inc		1,355
	13,917	e	Ormat Technologies, Inc		366
	27,545		Otter Tail Corp		735
	29,866		Pattern Energy Group, Inc		923
	189,953		Pepco Holdings, Inc		5,083
	351,902		PG&E Corp		15,850
	60,614		Piedmont Natural Gas Co, Inc		2,032
	83,775		Pinnacle West Capital Corp		4,577
	60,937		PNM Resources, Inc		1,518
	58,032		Portland General Electric Co		1,864
	475,149		PPL Corp		15,604
	384,444		Public Service Enterprise Group, Inc		14,317
	130,852		Questar Corp		2,917
	104,149		SCANA Corp		5,167
	184,580		Sempra Energy		19,451
	12,005		SJW Corp		323
	24,625		South Jersey Industries, Inc		1,314
	665,012		Southern Co		29,028

306

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	34,400		Southwest Gas Corp	$	1,671
	163,004		TECO Energy, Inc		2,833
	17,533	*	TerraForm Power, Inc		506
	128,103		UGI Corp		4,367
	43,076		UIL Holdings Corp		1,525
	10,272		Unitil Corp		319
	62,331		Vectren Corp		2,487
	96,665	e	Westar Energy, Inc		3,298
	39,376		WGL Holdings, Inc		1,659
	170,964	e	Wisconsin Energy Corp		7,351
	375,757		Xcel Energy, Inc		11,423
	9,006		York Water Co		180
			TOTAL UTILITIES		493,971
			TOTAL COMMON STOCKS		16,401,861
			(Cost $9,189,324)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	15,560	m	Magnum Hunter Resources Corp		0	^
			TOTAL ENERGY		0	^
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	28,951	m	Trius Therapeutics, Inc		4
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		4
TELECOMMUNICATION SERVICES - 0.0%
	46,753	m	Leap Wireless International, Inc		118
			TOTAL TELECOMMUNICATION SERVICES		118
			TOTAL RIGHTS / WARRANTS		122
			(Cost $118)
SHORT-TERM INVESTMENTS - 3.5%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.4%
	564,567,021	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		564,567
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		564,567
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED		564,567
			TOTAL SHORT-TERM INVESTMENTS		564,567
			(Cost $564,567)
			TOTAL INVESTMENTS - 103.3%		16,966,550
			(Cost $9,754,009)
			OTHER ASSETS & LIABILITIES, NET - (3.3)%		(541,160	)
			NET ASSETS - 100.0%	$	16,425,390

307

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

	Abbreviation(s):
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.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $542,356,000.
m	Indicates a security that has been deemed illiquid.
	Cost amounts are in thousands.

308

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

COLLEGE RETIREMENT EQUITIES FUND

BOND MARKET ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
BANK LOAN OBLIGATIONS - 0.9%
AUTOMOBILES & COMPONENTS - 0.1%
$	4,987,500	i	Gates Global LLC		4.250	%	07/03/21	$	4,893
	5,000,000	h,i	INA Beteiligungsgesellschaft mbH		3.750		05/15/20		4,953
			TOTAL AUTOMOBILES & COMPONENTS						9,846
CAPITAL GOODS - 0.0%
	4,814,250	i	TransDigm, Inc		3.750		02/28/20		4,728
			TOTAL CAPITAL GOODS						4,728
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	2,820,623	i	Capital Safety North America		3.750		03/29/21		2,742
	4,974,587	i	Pilot Corp		4.250		08/07/19		4,964
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						7,706
CONSUMER SERVICES - 0.2%
	4,774,775	i	Hilton Worldwide		3.500		10/26/20		4,696
	2,888,614	i	La Quinta Intermediate Holdings LLC		4.000		04/14/21		2,854
	4,987,310	i	MGM Resorts International		3.500		12/20/19		4,894
			TOTAL CONSUMER SERVICES						12,444
DIVERSIFIED FINANCIALS - 0.0%
	5,000,000	i	TransUnion LLC		4.000		04/09/21		4,916
			TOTAL DIVERSIFIED FINANCIALS						4,916
FOOD & STAPLES RETAILING - 0.0%
	5,550,000	i	Albertson’s Holdings LLC		4.500		08/25/21		5,520
			TOTAL FOOD & STAPLES RETAILING						5,520
FOOD, BEVERAGE & TOBACCO - 0.1%
	10,665,000	i	HJ Heinz Co		3.250		06/07/19		10,505
			TOTAL FOOD, BEVERAGE & TOBACCO						10,505
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	3,675,912	i	Capsugel Holdings US, Inc		3.500		08/01/18		3,600
	472,625	i	CHS/Community Health Systems		4.250		01/27/21		471
	1,695,750	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		1,674
	2,983,441	i	Kinetic Concepts, Inc		3.500		09/30/17		2,944
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						8,689
MATERIALS - 0.0%
	2,592,541	i	Minerals Technologies, Inc		4.000		05/07/21		2,568
	3,400,000	i	Solenis International LP		4.250		07/31/21		3,331
			TOTAL MATERIALS						5,899

309

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
MEDIA - 0.1%
$	5,000,000	i	CBS Outdoor Americas Capital LLC		3.000	%	01/31/21	$	4,920
	5,000,000	h,i	MTL Publishing LLC		3.750		06/29/18		4,915
	1,822,250	i	Univision Communications, Inc		4.000		03/01/20		1,786
	4,500,000	h,i	Virgin Media Investment Holdings Ltd		3.500		06/05/20		4,377
			TOTAL MEDIA						15,998
RETAILING - 0.0%
	2,000,000	i	Stater Bros Markets		4.750		05/12/21		1,991
			TOTAL RETAILING						1,991
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	12,418,875	i	Avago Technologies Ltd		3.750		05/06/21		12,296
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						12,296
SOFTWARE & SERVICES - 0.0%
	5,000,000	i	Activision Blizzard, Inc		3.250		10/11/20		4,984
	4,987,469	i	IMS Health, Inc		3.500		03/17/21		4,881
			TOTAL SOFTWARE & SERVICES						9,865
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	4,787,909	i	NXP BV		3.250		01/11/20		4,703
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						4,703
UTILITIES - 0.0%
	196,000	i	Calpine Corp		4.000		10/09/19		194
			TOTAL UTILITIES						194
			TOTAL BANK LOAN OBLIGATIONS						115,300
			(Cost $116,825)
BONDS - 96.9%
CORPORATE BONDS - 32.8%
AUTOMOBILES & COMPONENTS - 0.4%
	10,300,000		Ford Motor Co		4.750		01/15/43		10,308
	4,500,000	g	Hyundai Motor Manufacturer		4.500		04/15/15		4,580
	13,950,000		Johnson Controls, Inc		4.625		07/02/44		13,620
	8,675,000		Magna International, Inc		3.625		06/15/24		8,620
			TOTAL AUTOMOBILES & COMPONENTS						37,128
BANKS - 7.0%
	4,500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		4,613
	3,900,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander		4.125		11/09/22		3,920
	3,755,000		Bancolombia S.A.		5.950		06/03/21		4,121
	11,786,000	g	Bank Nederlandse Gemeenten		1.375		09/27/17		11,826
	1,500,000	g	Bank Nederlandse Gemeenten		1.375		03/19/18		1,494
	3,000,000	g	Bank Nederlandse Gemeenten		1.875		06/11/19		2,995
	5,000,000	g	Bank Nederlandse Gemeenten		2.625		04/28/21		5,085
	15,175,000		Bank of America Corp		3.750		07/12/16		15,841
	18,550,000		Bank of America Corp		5.300		03/15/17		20,097

310

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	8,525,000		Bank of America Corp		6.000	%	09/01/17	$	9,504
	24,000,000		Bank of America Corp		2.600		01/15/19		23,953
	7,000,000		Bank of America Corp		2.650		04/01/19		6,979
	16,175,000		Bank of America Corp		4.100		07/24/23		16,513
	8,250,000		Bank of America Corp		4.000		04/01/24		8,336
	6,150,000		Bank of America Corp		4.200		08/26/24		6,097
	15,050,000		Bank of America Corp		5.000		01/21/44		15,877
	27,700,000	g	Bank of Montreal		2.625		01/25/16		28,424
	25,520,000	g	Bank of Nova Scotia		1.650		10/29/15		25,841
	39,500,000	g	Bank of Nova Scotia		2.150		08/03/16		40,440
	25,000,000		Bank of Nova Scotia		2.125		09/11/19		24,863
	5,850,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		5,982
	5,450,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		09/08/19		5,404
	7,100,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		3.250		09/08/24		6,977
	5,190,000	g	BBVA Banco Continental S.A.		3.250		04/08/18		5,273
	3,200,000		Branch Banking & Trust Co		2.300		10/15/18		3,240
	2,500,000	g	Caixa Economica Federal		2.375		11/06/17		2,425
	6,000,000	g	Canadian Imperial Bank of Commerce		2.600		07/02/15		6,099
	12,500,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		12,850
	11,850,000		Capital One Bank USA NA		2.950		07/23/21		11,654
	4,500,000		Capital One Bank USA NA		3.375		02/15/23		4,409
	2,432,000		Citigroup, Inc		5.500		10/15/14		2,437
	8,425,000		Citigroup, Inc		1.300		11/15/16		8,427
	9,300,000		Citigroup, Inc		2.550		04/08/19		9,293
	11,000,000		Citigroup, Inc		3.875		10/25/23		11,170
	19,400,000		Citigroup, Inc		3.750		06/16/24		19,340
	10,525,000		Citigroup, Inc		5.300		05/06/44		10,936
	10,000,000	i	Citigroup, Inc		5.350		12/30/49		9,350
	6,875,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		6,904
	8,650,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		8,962
	10,900,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		12,377
	2,800,000	g	DBS Group Holdings Ltd		2.246		07/16/19		2,771
	16,351,000		Deutsche Bank AG		3.700		05/30/24		16,209
	5,980,000		Eksportfinans ASA		2.375		05/25/16		5,987
	2,300,000	g	Export Credit Bank of Turkey		5.000		09/23/21		2,286
	12,850,000		Fifth Third Bancorp		2.375		04/25/19		12,868
	4,200,000	g	Hana Bank		4.375		09/30/24		4,172
	8,700,000	g	HSBC Bank plc		1.500		05/15/18		8,580
	7,350,000	g	HSBC Bank plc		4.125		08/12/20		7,906
	1,550,000		HSBC Holdings plc		4.000		03/30/22		1,631
	12,250,000		HSBC Holdings plc		4.250		03/14/24		12,395
	2,100,000		HSBC Holdings plc		6.500		09/15/37		2,583
	5,275,000		HSBC Holdings plc		5.250		03/14/44		5,600
	11,275,000		HSBC USA, Inc		2.375		02/13/15		11,360
	5,000,000		HSBC USA, Inc		1.625		01/16/18		4,982
	7,150,000		HSBC USA, Inc		2.250		06/23/19		7,121
	17,000,000		JPMorgan Chase & Co		3.875		02/01/24		17,411
	9,400,000		JPMorgan Chase & Co		4.850		02/01/44		9,847
	3,750,000	i	JPMorgan Chase & Co		5.150		12/30/49		3,572
	4,475,000	g	Macquarie Bank Ltd		2.600		06/24/19		4,471
	1,500,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,515
	6,225,000	g	PKO Finance AB		4.630		09/26/22		6,466
	10,400,000		PNC Bank NA		2.200		01/28/19		10,412

311

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	11,475,000		PNC Bank NA		2.250	%	07/02/19	$	11,417
	10,950,000		PNC Bank NA		2.700		11/01/22		10,444
	17,395,000		PNC Bank NA		2.950		01/30/23		16,883
	6,000,000		PNC Financial Services Group, Inc		3.900		04/29/24		5,972
	4,900,000	g,i	Rabobank Nederland NV		11.000		12/30/49		6,480
	12,000,000		Royal Bank of Canada		1.200		09/19/17		11,936
	11,300,000		Royal Bank of Canada		2.200		07/27/18		11,433
	15,000,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		14,813
	2,355,000	g	Sumitomo Mitsui Banking Corp		3.150		07/22/15		2,403
	3,800,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		3,865
	5,700,000		SunTrust Bank		2.750		05/01/23		5,433
	9,000,000	g	Toronto-Dominion Bank		2.200		07/29/15		9,129
	495,000		Toronto-Dominion Bank		2.500		07/14/16		511
	26,500,000	g	Toronto-Dominion Bank		1.625		09/14/16		26,878
	10,000,000		Toronto-Dominion Bank		2.375		10/19/16		10,279
	70,000,000	g	Toronto-Dominion Bank		1.500		03/13/17		70,632
	1,325,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		1,320
	1,700,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		1,688
	2,350,000	g	Turkiye Is Bankasi		3.750		10/10/18		2,291
	2,775,000	g	Turkiye Is Bankasi		5.500		04/21/19		2,858
	7,100,000		Union Bank NA		2.125		06/16/17		7,214
	5,700,000		UnionBanCal Corp		3.500		06/18/22		5,823
	5,800,000		US Bancorp		1.650		05/15/17		5,853
	5,550,000		US Bancorp		2.950		07/15/22		5,385
	5,000,000		US Bank NA		4.950		10/30/14		5,017
	1,980,000		Wachovia Bank NA		4.800		11/01/14		1,987
	5,700,000		Westpac Banking Corp		3.000		08/04/15		5,824
	15,000,000	g	Westpac Banking Corp		1.850		11/26/18		14,942
	10,850,000		Westpac Banking Corp		2.250		01/17/19		10,913
			TOTAL BANKS						890,096
CAPITAL GOODS - 0.8%
	2,268,000	g	Alpek S.A. de C.V.		5.375		08/08/23		2,347
	12,050,000		Caterpillar, Inc		1.500		06/26/17		12,124
	8,000,000		Deere & Co		2.600		06/08/22		7,767
	6,350,000	g	EADS Finance BV		2.700		04/17/23		6,104
	2,075,000		Eaton Corp		4.000		11/02/32		2,053
	17,675,000		John Deere Capital Corp		1.950		03/04/19		17,566
	1,415,345	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		1,458
	1,250,000	g	Schaeffler Finance BV		4.750		05/15/21		1,247
	11,000,000		Seagate HDD Cayman		4.750		06/01/23		11,083
	665,000	g	Sealed Air Corp		6.500		12/01/20		709
	1,370,000	g	Sealed Air Corp		5.250		04/01/23		1,343
	9,775,000	g	Timken Co		3.875		09/01/24		9,622
	7,000,000	g	TSMC Global Ltd		1.625		04/03/18		6,912
	3,250,000	g	Tupy Overseas S.A.		6.625		07/17/24		3,307
	8,950,000		United Technologies Corp		1.800		06/01/17		9,082
	5,950,000		United Technologies Corp		4.500		06/01/42		6,226
			TOTAL CAPITAL GOODS						98,950
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	1,425,000		ADT Corp		4.125		04/15/19		1,397
	1,425,000		ADT Corp		6.250		10/15/21		1,475

312

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,250,000	g,h	AECOM Technology Corp		5.750	%	10/15/22	$	1,255
	4,875,000	g,h	AECOM Technology Corp		5.875		10/15/24		4,905
	7,175,000		Air Lease Corp		3.875		04/01/21		7,247
	10,290,000		Republic Services, Inc		3.800		05/15/18		10,932
	5,375,000		Republic Services, Inc		3.550		06/01/22		5,462
	8,400,000		Synchrony Financial		3.000		08/15/19		8,423
	7,150,000		Waste Management, Inc		2.600		09/01/16		7,357
	15,050,000		Waste Management, Inc		2.900		09/15/22		14,747
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						63,200
CONSUMER DURABLES & APPAREL - 0.2%
	1,250,000	g	Controladora Mabe S.A. de C.V.		7.875		10/28/19		1,416
	2,574,000		DR Horton, Inc		3.625		02/15/18		2,548
	9,600,000		DR Horton, Inc		3.750		03/01/19		9,336
	6,900,000		PVH Corp		4.500		12/15/22		6,744
	2,625,000		Whirlpool Corp		3.700		03/01/23		2,637
			TOTAL CONSUMER DURABLES & APPAREL						22,681
CONSUMER SERVICES - 1.1%
	10,000,000	g,h	1011778 BC / New Red Fin		6.000		04/01/22		9,938
	850,000		ARAMARK Corp		5.750		03/15/20		871
	2,475,000		GLP Capital LP		4.375		11/01/18		2,512
	5,000,000		Johns Hopkins University		4.083		07/01/53		4,979
	8,000,000		President and Fellows of Harvard College		3.529		10/01/31		7,782
	14,250,000		President and Fellows of Harvard College		3.619		10/01/37		13,742
	11,650,000	g	SABMiller Holdings, Inc		3.750		01/15/22		11,874
	8,650,000	g	SABMiller Holdings, Inc		4.950		01/15/42		9,002
	6,475,000	g	Service Corp International		5.375		05/15/24		6,491
	40,000,000		Stanford University		4.013		05/01/42		40,426
	21,000,000		University of Chicago		4.151		10/01/45		20,487
			TOTAL CONSUMER SERVICES						128,104
DIVERSIFIED FINANCIALS - 4.2%
	6,165,000	g	Abbey National Treasury Services plc		3.875		11/10/14		6,187
	3,875,000		Abbey National Treasury Services plc		4.000		04/27/16		4,053
	2,000,000		American Express Centurion Bank		6.000		09/13/17		2,252
	9,275,000		American Express Credit Corp		1.300		07/29/16		9,337
	9,800,000		American Express Credit Corp		2.125		07/27/18		9,853
	2,250,000		Bank of New York Mellon Corp		1.200		02/20/15		2,256
	6,250,000	i	Bank of New York Mellon Corp		1.969		06/20/17		6,348
	4,125,000		Bank of New York Mellon Corp		5.450		05/15/19		4,695
	2,500,000	g	BBVA Bancomer S.A.		6.750		09/30/22		2,800
	2,400,000	g	BBVA Bancomer S.A.		4.375		04/10/24		2,424
	7,250,000		BlackRock, Inc		3.500		12/10/14		7,293
	15,000,000		BlackRock, Inc		1.375		06/01/15		15,098
	5,650,000		BlackRock, Inc		3.500		03/18/24		5,696
	10,680,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		10,973
	24,600,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		24,855
	10,100,000		Capital One Financial Corp		1.000		11/06/15		10,128
	2,800,000	g	Comcel Trust		6.875		02/06/24		2,954
	3,700,000		Countrywide Financial Corp		6.250		05/15/16		3,988
	7,175,000		Credit Suisse		2.300		05/28/19		7,104
	10,000,000	g	FMR LLC		4.950		02/01/33		10,946

313

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	11,425,000	g	FMR LLC		5.150	%	02/01/43	$	12,387
	6,660,000		Ford Motor Credit Co LLC		4.250		02/03/17		7,062
	3,340,000		Ford Motor Credit Co LLC		6.625		08/15/17		3,776
	6,600,000		Ford Motor Credit Co LLC		2.375		03/12/19		6,533
	17,000,000		General Electric Capital Corp		1.625		07/02/15		17,162
	5,850,000		General Electric Capital Corp		2.300		01/14/19		5,908
	30,000,000		General Electric Capital Corp		3.100		01/09/23		29,691
	5,000,000		General Electric Capital Corp		6.150		08/07/37		6,174
	375,000		General Electric Capital Corp		6.875		01/10/39		505
	3,900,000		General Motors Financial Co, Inc		4.375		09/25/21		3,988
	19,240,000		Goldman Sachs Group, Inc		3.300		05/03/15		19,546
	11,075,000		Goldman Sachs Group, Inc		2.375		01/22/18		11,190
	10,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		10,473
	7,800,000		Goldman Sachs Group, Inc		3.625		01/22/23		7,743
	7,100,000		Goldman Sachs Group, Inc		4.000		03/03/24		7,151
	8,925,000		Goldman Sachs Group, Inc		3.850		07/08/24		8,872
	1,150,000		Goldman Sachs Group, Inc		6.450		05/01/36		1,339
	3,100,000		Goldman Sachs Group, Inc		6.750		10/01/37		3,701
	300,000		Goldman Sachs Group, Inc		6.250		02/01/41		363
	15,125,000		Goldman Sachs Group, Inc		4.800		07/08/44		15,209
	9,599,000		HSBC Finance Corp		6.676		01/15/21		11,253
	1,800,000	g	Hyundai Capital Services, Inc		4.375		07/27/16		1,897
	2,750,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		2,869
	1,425,000		Icahn Enterprises LP		4.875		03/15/19		1,404
	1,725,000		Icahn Enterprises LP		5.875		02/01/22		1,725
	4,800,000	g	ICICI Bank Ltd		3.500		03/18/20		4,806
	800,000		Indian Railway Finance Corp Ltd		3.917		02/26/19		823
	9,250,000		International Lease Finance Corp		5.750		05/15/16		9,666
	8,400,000		International Lease Finance Corp		3.875		04/15/18		8,337
	3,200,000		International Lease Finance Corp		5.875		04/01/19		3,408
	10,000,000		International Lease Finance Corp		5.875		08/15/22		10,450
	1,725,000	g	Inversiones CMPC S.A.		4.750		09/15/24		1,712
	2,600,000		Korea Development Bank		2.500		03/11/20		2,573
	5,000,000		Landwirtschaftliche Rentenbank		5.125		02/01/17		5,483
	1,625,000		Legg Mason, Inc		2.700		07/15/19		1,630
	2,400,000		Legg Mason, Inc		3.950		07/15/24		2,422
	3,000,000	g	Lukoil International Finance BV		3.416		04/24/18		2,809
	3,745,000	g	Lukoil International Finance BV		6.125		11/09/20		3,764
	10,300,000		Morgan Stanley		1.750		02/25/16		10,410
	6,800,000		Morgan Stanley		3.750		02/25/23		6,791
	2,400,000		Morgan Stanley		3.875		04/29/24		2,398
	7,250,000		Morgan Stanley		6.375		07/24/42		9,052
	3,800,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		5,004
	6,500,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		6,503
	2,750,000	g	NongHyup Bank		2.750		09/29/19		2,751
	4,000,000	g	Reliance Holdings USA		4.500		10/19/20		4,185
	1,725,000	g	Rio Oil Finance Trust		6.250		07/06/24		1,780
	1,725,000	g	SUAM Finance BV		4.875		04/17/24		1,755
	50,923,260		Tagua Leasing LLC		1.900		07/12/24		49,661
	1,720,000	g	Temasek Financial I Ltd		2.375		01/23/23		1,648
	6,265,000		Toyota Motor Credit Corp		1.250		10/05/17		6,226
	9,125,000		Unilever Capital Corp		2.200		03/06/19		9,209
	2,000,000		Unilever Capital Corp		4.250		02/10/21		2,199

314

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,700,000	g	Waha Aerospace BV		3.925	%	07/28/20	$	2,835
	12,500,000		Wells Fargo & Co		1.500		07/01/15		12,602
	5,052,000		Wells Fargo & Co		4.480		01/16/24		5,327
	10,950,000		Wells Fargo & Co		3.300		09/09/24		10,742
	10,650,000		Wells Fargo & Co		4.100		06/03/26		10,613
	14,625,000		Wells Fargo & Co		5.375		11/02/43		15,974
			TOTAL DIVERSIFIED FINANCIALS						582,709
ENERGY - 2.5%
	7,950,000		Anadarko Petroleum Corp		5.950		09/15/16		8,672
	2,445,000		Anadarko Petroleum Corp		6.950		06/15/19		2,918
	3,650,000		Apache Corp		1.750		04/15/17		3,677
	12,170,000		Apache Corp		4.750		04/15/43		12,162
	3,750,000		Ashland, Inc		3.875		04/15/18		3,759
	6,650,000		Ashland, Inc		4.750		08/15/22		6,484
	16,500,000		BP Capital Markets plc		1.375		05/10/18		16,203
	3,000,000	g,h	California Resources Corp		5.000		01/15/20		3,045
	2,080,000	g,h	California Resources Corp		6.000		11/15/24		2,137
	2,950,000		Canadian Natural Resources Ltd		3.800		04/15/24		2,987
	2,600,000	i	Chesapeake Energy Corp		3.484		04/15/19		2,607
	6,250,000		Chevron Corp		2.355		12/05/22		5,952
	5,475,000		Concho Resources, Inc		5.500		04/01/23		5,694
	7,000,000		ConocoPhillips		4.600		01/15/15		7,081
	2,075,000		Continental Resources, Inc		5.000		09/15/22		2,189
	1,825,000		Devon Energy Corp		1.875		05/15/17		1,842
	3,150,000		Devon Energy Corp		4.750		05/15/42		3,133
	1,000,000		Ecopetrol S.A.		5.875		09/18/23		1,104
	5,850,000		Ecopetrol S.A.		4.125		01/16/25		5,660
	3,250,000		Enbridge Energy Partners LP		5.200		03/15/20		3,614
	4,000,000		Enterprise Products Operating LLC		5.600		10/15/14		4,008
	1,150,000		Enterprise Products Operating LLC		5.000		03/01/15		1,171
	7,500,000		Enterprise Products Operating LLC		5.100		02/15/45		7,911
	1,950,000		EOG Resources, Inc		2.625		03/15/23		1,861
	2,250,000	g	Exterran Partners		6.000		10/01/22		2,188
	1,200,000	g	Gazprom OAO Via Gaz Capital S.A.		3.850		02/06/20		1,101
	5,700,000		Hess Corp		5.600		02/15/41		6,420
	1,900,000	g	Indo Energy Finance II BV		6.375		01/24/23		1,477
	1,000,000	g	KMG Finance Sub BV		6.375		04/09/21		1,078
	5,530,000		Marathon Petroleum Corp		3.500		03/01/16		5,721
	850,000		Marathon Petroleum Corp		3.625		09/15/24		832
	4,240,000		MarkWest Energy Partners LP		5.500		02/15/23		4,335
	7,350,000		Noble Energy, Inc		5.250		11/15/43		7,753
	2,475,000		Noble Holding International Ltd		3.450		08/01/15		2,526
	7,550,000		Noble Holding International Ltd		4.900		08/01/20		7,989
	1,525,000	g	Oleoducto Central SA		4.000		05/07/21		1,524
	10,850,000	g	ONE Gas, Inc		2.070		02/01/19		10,818
	3,500,000	g	ONE Gas, Inc		3.610		02/01/24		3,607
	6,900,000	g	ONE Gas, Inc		4.658		02/01/44		7,535
	2,000,000	g	Pacific Rubiales Energy Corp		5.625		01/19/25		1,922
	800,000		Pemex Project Funding Master Trust		5.750		03/01/18		886
	2,000,000	g	Pertamina Persero PT		4.875		05/03/22		2,002
	3,550,000	g	Pertamina Persero PT		4.300		05/20/23		3,364
	1,850,000	i	Petrobras Global Finance BV		1.852		05/20/16		1,848

315

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	3,600,000		Petrobras Global Finance BV		3.250	%	03/17/17	$	3,643
	2,000,000	i	Petrobras Global Finance BV		2.374		01/15/19		1,999
	810,000		Petrobras Global Finance BV		4.375		05/20/23		759
	2,650,000		Petrobras Global Finance BV		6.250		03/17/24		2,776
	2,080,000		Petrobras International Finance Co		3.875		01/27/16		2,129
	3,000,000		Petrobras International Finance Co		3.500		02/06/17		3,052
	4,350,000		Petroleos Mexicanos		3.500		07/18/18		4,511
	2,900,000		Petroleos Mexicanos		8.000		05/03/19		3,522
	1,500,000		Petroleos Mexicanos		4.875		01/24/22		1,594
	17,000,000		Petroleos Mexicanos		1.950		12/20/22		16,816
	9,095,000		Petroleos Mexicanos		2.000		12/20/22		9,015
	1,500,000		Petroleos Mexicanos		3.500		01/30/23		1,437
	4,000,000		Petroleos Mexicanos		6.500		06/02/41		4,627
	250,000		Petroleos Mexicanos		5.500		06/27/44		255
	3,960,000	g	Petroleum Co of Trinidad & Tobago Ltd		9.750		08/14/19		4,981
	7,400,000		Phillips 66		1.950		03/05/15		7,447
	10,575,000		Plains All American Pipeline LP		3.600		11/01/24		10,379
	2,674,000		Precision Drilling Trust		6.625		11/15/20		2,774
	2,800,000	g	PTT Exploration & Production PCL		3.707		09/16/18		2,911
	1,250,000		Questar Market Resources, Inc		6.875		03/01/21		1,356
	3,335,000		Range Resources Corp		5.000		08/15/22		3,410
	1,425,000		Regency Energy Partners LP		5.875		03/01/22		1,482
	6,000,000		Shell International Finance BV		2.375		08/21/22		5,780
	4,650,000		Shell International Finance BV		4.550		08/12/43		4,917
	2,800,000		Statoil ASA		2.900		10/15/14		2,802
	2,075,000		Statoil ASA		1.200		01/17/18		2,049
	5,300,000		Statoil ASA		2.450		01/17/23		5,058
	8,875,000		Statoil ASA		4.250		11/23/41		8,869
	2,000,000		Tesoro Corp		5.125		04/01/24		1,940
	1,000,000		Total Capital International S.A.		1.000		01/10/17		996
	6,100,000		Total Capital International S.A.		1.500		02/17/17		6,154
	3,400,000		TransCanada Pipelines Ltd		5.850		03/15/36		3,984
	2,750,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		2,839
	800,000	g	Ultra Petroleum Corp		5.750		12/15/18		804
	2,750,000	g	Ultra Petroleum Corp		6.125		10/01/24		2,626
	2,760,000		Vale Overseas Ltd		6.875		11/21/36		3,112
	3,375,000		Valero Energy Corp		4.500		02/01/15		3,418
	2,490,000		Whiting Petroleum Corp		5.750		03/15/21		2,633
	2,400,000		WPX Energy, Inc		5.250		09/15/24		2,328
			TOTAL ENERGY						341,981
FOOD & STAPLES RETAILING - 0.2%
	5,690,000		CVS Caremark Corp		3.250		05/18/15		5,790
	7,625,000		CVS Caremark Corp		4.000		12/05/23		7,940
	8,425,000		CVS Caremark Corp		3.375		08/12/24		8,304
	4,125,000		CVS Caremark Corp		5.300		12/05/43		4,622
	5,460,000		Ingles Markets, Inc		5.750		06/15/23		5,487
			TOTAL FOOD & STAPLES RETAILING						32,143
FOOD, BEVERAGE & TOBACCO - 0.8%
	2,000,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		1,765
	6,300,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		6,474
	10,575,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		10,562

316

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	24,650,000		Anheuser-Busch InBev Worldwide, Inc		2.500	%	07/15/22	$	23,294
	1,900,000		Campbell Soup Co		2.500		08/02/22		1,790
	7,100,000		Coca-Cola Co		3.200		11/01/23		7,115
	1,300,000	g	Corp Lindley S.A.		6.750		11/23/21		1,424
	9,400,000		Diageo Capital plc		2.625		04/29/23		8,952
	5,525,000	g	Embotelladora Andina S.A.		5.000		10/01/23		5,799
	4,080,000		General Mills, Inc		5.200		03/17/15		4,168
	5,525,000	g	Grupo Bimbo SAB de C.V.		4.500		01/25/22		5,774
	5,614,000		Kraft Foods Group, Inc		6.500		02/09/40		7,039
	3,075,000		Mondelez International, Inc		4.125		02/09/16		3,208
	6,200,000		Mondelez International, Inc		4.000		02/01/24		6,353
	680,000		PepsiCo, Inc		7.900		11/01/18		835
	2,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		2,062
	6,850,000	g	Pernod-Ricard S.A.		4.250		07/15/22		7,136
	1,600,000		Philip Morris International, Inc		6.375		05/16/38		2,008
	1,125,000		TreeHouse Foods, Inc		4.875		03/15/22		1,108
	3,650,000		Tyson Foods, Inc		3.950		08/15/24		3,656
	2,150,000		Tyson Foods, Inc		4.875		08/15/34		2,213
			TOTAL FOOD, BEVERAGE & TOBACCO						112,735
HEALTH CARE EQUIPMENT & SERVICES - 0.8%
	7,290,000		Baxter International, Inc		3.200		06/15/23		7,193
	3,900,000		Becton Dickinson & Co		1.750		11/08/16		3,965
	2,325,000		CHS/Community Health Systems		5.125		08/15/18		2,389
	1,000,000	g	CHS/Community Health Systems		5.125		08/01/21		998
	7,150,000		Covidien International Finance S.A.		1.350		05/29/15		7,183
	3,800,000		Covidien International Finance S.A.		3.200		06/15/22		3,845
	6,500,000		Express Scripts Holding Co		2.100		02/12/15		6,537
	6,850,000		Express Scripts Holding Co		3.900		02/15/22		7,095
	4,500,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		4,748
	4,000,000	g	Fresenius Medical Care II		5.625		07/31/19		4,211
	4,560,000		HCA, Inc		6.500		02/15/20		4,982
	4,575,000		HCA, Inc		5.875		03/15/22		4,809
	3,500,000		Mallinckrodt International Finance S.A.		3.500		04/15/18		3,386
	10,450,000		McKesson Corp		4.883		03/15/44		10,760
	7,100,000		Owens & Minor, Inc		3.875		09/15/21		7,109
	1,695,000		Thermo Fisher Scientific, Inc		3.200		05/01/15		1,721
	1,750,000		Thermo Fisher Scientific, Inc		5.000		06/01/15		1,799
	6,125,000		Thermo Fisher Scientific, Inc		2.250		08/15/16		6,241
	2,700,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		2,704
	3,625,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		3,753
	7,125,000		Thermo Fisher Scientific, Inc		5.300		02/01/44		7,819
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						103,247
HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	7,175,000		Clorox Co		3.800		11/15/21		7,494
	2,620,000		Colgate-Palmolive Co		2.300		05/03/22		2,529
	4,525,000		Ecolab, Inc		1.450		12/08/17		4,490
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						14,513
INSURANCE - 1.8%
	6,560,000		Aetna, Inc		6.500		09/15/18		7,646
	1,925,000		Aetna, Inc		6.625		06/15/36		2,493

317

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	6,200,000		Allstate Corp		3.150	%	06/15/23	$	6,177
	6,200,000		Allstate Corp		4.500		06/15/43		6,347
	7,825,000		American International Group, Inc		2.300		07/16/19		7,768
	16,425,000		American International Group, Inc		4.500		07/16/44		16,226
	3,750,000		Chubb Corp		6.000		05/11/37		4,733
	1,390,000		CIGNA Corp		5.125		06/15/20		1,554
	6,900,000		CIGNA Corp		4.500		03/15/21		7,527
	21,975,000	g	Five Corners Funding Trust		4.419		11/15/23		23,000
	7,600,000		Hartford Financial Services Group, Inc		4.000		03/30/15		7,735
	4,500,000		Hartford Financial Services Group, Inc		4.000		10/15/17		4,815
	2,800,000		Lincoln National Corp		7.000		06/15/40		3,727
	5,250,000	g	MetLife Institutional Funding II		1.625		04/02/15		5,283
	7,675,000		MetLife, Inc		6.750		06/01/16		8,421
	2,000,000		MetLife, Inc		4.368		09/15/23		2,138
	11,050,000		MetLife, Inc		4.125		08/13/42		10,464
	9,500,000		MetLife, Inc		4.875		11/13/43		10,108
	2,825,000		Principal Financial Group, Inc		1.850		11/15/17		2,826
	5,000,000		Progressive Corp		3.750		08/23/21		5,279
	2,000,000		Prudential Financial, Inc		3.875		01/14/15		2,020
	8,050,000		Prudential Financial, Inc		7.375		06/15/19		9,804
	8,000,000		Prudential Financial, Inc		5.400		06/13/35		8,917
	7,775,000		Prudential Financial, Inc		5.100		08/15/43		8,207
	8,650,000	i	Prudential Financial, Inc		5.200		03/15/44		8,709
	3,000,000	g	Prudential Funding LLC		6.750		09/15/23		3,710
	2,425,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		2,325
	6,100,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		5,930
	4,250,000		Travelers Cos, Inc		5.800		05/15/18		4,824
	7,875,000		UnitedHealth Group, Inc		0.850		10/15/15		7,899
	6,000,000		UnitedHealth Group, Inc		1.400		10/15/17		5,991
	7,450,000		UnitedHealth Group, Inc		3.950		10/15/42		6,931
	6,750,000		WellPoint, Inc		3.125		05/15/22		6,667
	7,850,000		WellPoint, Inc		4.625		05/15/42		7,647
	7,000,000		Willis Group Holdings plc		4.125		03/15/16		7,271
	2,400,000		WR Berkley Corp		5.375		09/15/20		2,665
			TOTAL INSURANCE						243,784
MATERIALS - 1.7%
	6,630,000		Air Products & Chemicals, Inc		4.375		08/21/19		7,274
	2,225,000		Alcoa, Inc		5.125		10/01/24		2,228
	3,500,000		ArcelorMittal		5.000		02/25/17		3,622
	4,000,000		Ball Corp		5.750		05/15/21		4,145
	1,365,000		Ball Corp		5.000		03/15/22		1,372
	4,050,000		Barrick Gold Corp		4.100		05/01/23		3,892
	7,175,000		Barrick North America Finance LLC		4.400		05/30/21		7,266
	3,417,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		3,749
	975,000		Braskem Finance Ltd		6.450		02/03/24		1,014
	1,300,000	g	Celulosa Arauco y Constitucion S.A.		4.500		08/01/24		1,267
	2,300,000	g	Cemex Finance LLC		6.000		04/01/24		2,294
	1,000,000	g	Cemex SAB de C.V.		5.700		01/11/25		964
	3,175,000		CF Industries, Inc		7.125		05/01/20		3,830
	3,550,000		Corning, Inc		1.450		11/15/17		3,542
	1,600,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.875		11/03/21		1,640
	9,925,000		Crown Americas LLC		6.250		02/01/21		10,421

318

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,390,000		Crown Americas LLC		4.500	%	01/15/23	$	1,314
	7,850,000		Dow Chemical Co		3.500		10/01/24		7,656
	1,000,000		Eastman Chemical Co		5.500		11/15/19		1,131
	5,500,000		EI du Pont de Nemours & Co		3.250		01/15/15		5,546
	6,000,000		EI du Pont de Nemours & Co		4.625		01/15/20		6,617
	22,225,000	g	Glencore Funding LLC		2.500		01/15/19		21,756
	4,550,000	g	Glencore Funding LLC		3.125		04/29/19		4,553
	6,450,000	g	Glencore Funding LLC		4.625		04/29/24		6,501
	1,400,000		Greif, Inc		7.750		08/01/19		1,589
	23,166,000		International Paper Co		4.750		02/15/22		24,965
	3,650,000		International Paper Co		4.800		06/15/44		3,535
	2,800,000	g	Klabin Finance S.A.		5.250		07/16/24		2,738
	3,000,000		LyondellBasell Industries NV		5.000		04/15/19		3,312
	1,400,000	g	Mexichem SAB de C.V.		5.875		09/17/44		1,362
	3,000,000		Monsanto Co		3.375		07/15/24		2,984
	2,300,000		Monsanto Co		4.200		07/15/34		2,317
	6,840,000		Nucor Corp		4.000		08/01/23		7,006
	3,300,000	g	OCP S.A.		5.625		04/25/24		3,433
	3,150,000		Packaging Corp of America		3.650		09/15/24		3,094
	7,500,000		Rio Tinto Finance USA Ltd		2.250		09/20/16		7,677
	4,550,000		Rio Tinto Finance USA plc		2.250		12/14/18		4,568
	5,000,000		Rock Tenn Co		3.500		03/01/20		5,083
	3,000,000		Rock Tenn Co		4.000		03/01/23		3,045
	5,066,083	g	Samarco Mineracao S.A.		5.375		09/26/24		5,004
	12,475,000		Sherwin-Williams Co		1.350		12/15/17		12,428
	1,675,000	g	Steel Dynamics, Inc		5.125		10/01/21		1,700
	4,625,000		Teck Resources Ltd		2.500		02/01/18		4,631
	9,950,000		Teck Resources Ltd		3.750		02/01/23		9,365
	1,940,000		Teck Resources Ltd		6.000		08/15/40		1,951
	3,950,000		Teck Resources Ltd		5.200		03/01/42		3,609
	2,000,000	g	Turkiye Sise ve Cam Fabrikalari AS.		4.250		05/09/20		1,910
			TOTAL MATERIALS						230,900
	MEDIA - 1.5%
	3,275,000	g	British Sky Broadcasting Group plc		2.625		09/16/19		3,273
	4,650,000	g,h	CBS Outdoor Americas Capital LLC		5.250		02/15/22		4,644
	1,000,000		Cinemark USA, Inc		5.125		12/15/22		983
	4,275,000		Cinemark USA, Inc		4.875		06/01/23		4,072
	26,000,000		Comcast Corp		4.250		01/15/33		26,315
	11,550,000		Comcast Corp		4.200		08/15/34		11,451
	8,800,000		DIRECTV Holdings LLC		4.450		04/01/24		9,165
	3,250,000		DISH DBS Corp		4.250		04/01/18		3,258
	4,250,000		DISH DBS Corp		5.125		05/01/20		4,239
	2,050,000		DISH DBS Corp		5.000		03/15/23		1,967
	600,000	g	Gannett Co, Inc		4.875		09/15/21		581
	975,000	g	Gannett Co, Inc		5.500		09/15/24		960
	3,325,000		Grupo Televisa S.A.		6.000		05/15/18		3,753
	2,675,000		Grupo Televisa SAB		5.000		05/13/45		2,643
	1,850,000		Lamar Media Corp		5.875		02/01/22		1,906
	2,000,000		Lamar Media Corp		5.000		05/01/23		1,925
	2,000,000	g	Lamar Media Corp		5.375		01/15/24		2,005
	7,250,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		7,218
	7,700,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		7,598

319

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	10,350,000		NBC Universal Media LLC		2.875	%	01/15/23	$	10,153
	2,105,000		News America, Inc		7.625		11/30/28		2,699
	1,578,000		News America, Inc		6.550		03/15/33		1,952
	3,575,000		News America, Inc		6.650		11/15/37		4,481
	3,800,000		News America, Inc		6.900		08/15/39		4,883
	8,035,000		Nielsen Finance LLC		4.500		10/01/20		7,774
	3,500,000		Starz LLC		5.000		09/15/19		3,535
	5,675,000		Time Warner Cable, Inc		5.875		11/15/40		6,677
	5,500,000		Time Warner Cable, Inc		4.500		09/15/42		5,427
	3,000,000		Time Warner, Inc		3.150		07/15/15		3,059
	20,550,000		Time Warner, Inc		2.100		06/01/19		20,197
	3,825,000		Time Warner, Inc		6.500		11/15/36		4,602
	10,525,000		Time Warner, Inc		4.900		06/15/42		10,518
	7,100,000		Time Warner, Inc		4.650		06/01/44		6,873
	7,000,000	g	Univision Communications, Inc		5.125		05/15/23		7,088
	4,850,000		Viacom, Inc		1.250		02/27/15		4,866
	5,400,000		Viacom, Inc		2.500		12/15/16		5,546
	3,000,000		Viacom, Inc		3.500		04/01/17		3,148
	7,375,000		Viacom, Inc		5.850		09/01/43		8,195
			TOTAL MEDIA						219,629
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.6%
	14,325,000		Amgen, Inc		2.200		05/22/19		14,173
	7,975,000		Gilead Sciences, Inc		3.700		04/01/24		8,146
	9,025,000		Gilead Sciences, Inc		4.800		04/01/44		9,485
	3,140,000		Life Technologies Corp		3.500		01/15/16		3,241
	4,115,000		Mead Johnson Nutrition Co		4.900		11/01/19		4,540
	2,750,000		Mead Johnson Nutrition Co		5.900		11/01/39		3,263
	1,975,000		Mead Johnson Nutrition Co		4.600		06/01/44		1,993
	3,725,000		Mylan, Inc		2.550		03/28/19		3,704
	3,500,000	g	Mylan, Inc		7.875		07/15/20		3,818
	1,750,000		NBTY, Inc		9.000		10/01/18		1,820
	2,925,000	g	Perrigo Co Ltd		4.000		11/15/23		2,976
	2,800,000	g	Perrigo Co Ltd		5.300		11/15/43		3,024
	13,850,000	g	Roche Holdings, Inc		2.250		09/30/19		13,792
	11,075,000	g	Roche Holdings, Inc		3.350		09/30/24		11,096
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						85,071
REAL ESTATE - 1.0%
	2,310,000		AMB Property LP		4.500		08/15/17		2,474
	3,965,000		Camden Property Trust		4.625		06/15/21		4,303
	3,000,000		Camden Property Trust		2.950		12/15/22		2,884
	5,175,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		5,278
	6,800,000		Developers Diversified Realty Corp		4.750		04/15/18		7,336
	3,460,000		Developers Diversified Realty Corp		7.875		09/01/20		4,299
	2,750,000		Equity One, Inc		3.750		11/15/22		2,728
	255,000		Federal Realty Investment Trust		5.650		06/01/16		275
	700,000		Federal Realty Investment Trust		5.900		04/01/20		813
	7,675,000		Federal Realty Investment Trust		2.750		06/01/23		7,299
	6,950,000		Government Properties Income Trust		3.750		08/15/19		6,998
	2,775,000		Healthcare Realty Trust, Inc		5.750		01/15/21		3,090
	1,625,000		Healthcare Realty Trust, Inc		3.750		04/15/23		1,581
	3,700,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		3,681

320

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	3,550,000		Healthcare Trust of America Holdings LP		3.700	%	04/15/23	$	3,459
	1,600,000		Highwoods Realty LP		5.850		03/15/17		1,756
	8,100,000		Highwoods Realty LP		3.200		06/15/21		7,970
	6,920,000		Highwoods Realty LP		3.625		01/15/23		6,816
	9,205,000		Kilroy Realty LP		3.800		01/15/23		9,220
	6,400,000		Liberty Property LP		4.125		06/15/22		6,631
	3,600,000		Mid-America Apartments LP		4.300		10/15/23		3,729
	5,525,000		Mid-America Apartments LP		3.750		06/15/24		5,446
	4,000,000		National Retail Properties, Inc		5.500		07/15/21		4,511
	5,425,000		National Retail Properties, Inc		3.300		04/15/23		5,245
	2,325,000		Regency Centers LP		5.250		08/01/15		2,411
	225,000		Regency Centers LP		5.875		06/15/17		249
	4,150,000		Simon Property Group LP		2.800		01/30/17		4,292
	3,040,000		Simon Property Group LP		10.350		04/01/19		4,039
	1,850,000	g	Trust F		5.250		12/15/24		1,924
	1,360,000		Ventas Realty LP		3.125		11/30/15		1,397
	1,015,000		Ventas Realty LP		3.250		08/15/22		987
	3,150,000		Ventas Realty LP		3.750		05/01/24		3,098
	1,170,000		Weingarten Realty Investors		3.375		10/15/22		1,159
	4,800,000		Weingarten Realty Investors		3.500		04/15/23		4,693
	3,025,000		Weingarten Realty Investors		4.450		01/15/24		3,157
			TOTAL REAL ESTATE						135,228
RETAILING - 0.6%
	5,850,000		AmeriGas Finance LLC		3.750		05/01/21		5,740
	2,500,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		2,294
	6,125,000		Home Depot, Inc		2.250		09/10/18		6,222
	14,225,000		Home Depot, Inc		2.000		06/15/19		14,129
	8,750,000		Home Depot, Inc		4.400		03/15/45		8,846
	3,150,000		Limited Brands, Inc		7.000		05/01/20		3,497
	8,075,000		Macy’s Retail Holdings, Inc		2.875		02/15/23		7,708
	8,315,000		O’Reilly Automotive, Inc		4.625		09/15/21		9,036
	4,550,000		O’Reilly Automotive, Inc		3.800		09/01/22		4,651
	2,475,000		QVC, Inc		5.125		07/02/22		2,600
	4,400,000		QVC, Inc		4.375		03/15/23		4,390
	2,725,000	g	Tiffany & Co		3.800		10/01/24		2,723
			TOTAL RETAILING						71,836
SOFTWARE & SERVICES - 0.4%
	5,000,000	g	Audatex North America, Inc		6.000		06/15/21		5,125
	2,075,000		Equinix, Inc		4.875		04/01/20		2,054
	11,500,000		Fidelity National Information Services, Inc		5.000		03/15/22		12,119
	3,075,000		NCR Corp		4.625		02/15/21		3,014
	525,000		NCR Corp		5.875		12/15/21		537
	13,825,000		Oracle Corp		3.400		07/08/24		13,781
	12,700,000		Xerox Corp		2.800		05/15/20		12,522
	2,725,000		Xerox Corp		4.500		05/15/21		2,914
			TOTAL SOFTWARE & SERVICES						52,066
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	4,000,000		Amphenol Corp		4.750		11/15/14		4,020
	3,475,000		Amphenol Corp		3.125		09/15/21		3,467
	1,975,000		CC Holdings GS V LLC		2.381		12/15/17		1,998

321

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,962,000		Flextronics International Ltd		4.625	%	02/15/20	$	2,962
	38,125,000		General Electric Co		0.850		10/09/15		38,290
	3,300,000		General Electric Co		5.250		12/06/17		3,661
	11,950,000		General Electric Co		2.700		10/09/22		11,631
	5,325,000		General Electric Co		4.125		10/09/42		5,291
	12,500,000		General Electric Co		4.500		03/11/44		12,959
	10,100,000		Hewlett-Packard Co		2.750		01/14/19		10,258
	3,625,000		Hewlett-Packard Co		3.750		12/01/20		3,759
	2,000,000		L-3 Communications Corp		4.950		02/15/21		2,174
	4,625,000	g	NXP BV		3.750		06/01/18		4,544
	5,000,000		Scientific Games International, Inc		6.250		09/01/20		4,175
	4,850,000	g	Seagate HDD Cayman		4.750		01/01/25		4,826
	5,050,000		Tyco Electronics Group S.A.		2.375		12/17/18		5,062
	1,425,000	g,h	Zebra Technologies Corp		7.250		10/15/22		1,425
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						120,502
TELECOMMUNICATION SERVICES - 1.9%
	2,870,000		America Movil SAB de C.V.		2.375		09/08/16		2,931
	1,000,000		America Movil SAB de C.V.		3.125		07/16/22		971
	4,350,000		American Tower Corp		3.500		01/31/23		4,135
	1,667,000		AT&T, Inc		2.500		08/15/15		1,695
	21,350,000		AT&T, Inc		1.400		12/01/17		21,229
	8,200,000		AT&T, Inc		2.625		12/01/22		7,757
	10,775,000		AT&T, Inc		4.800		06/15/44		10,616
	6,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		6,834
	5,525,000		British Telecommunications plc		1.625		06/28/16		5,576
	3,125,000		CenturyLink, Inc		6.750		12/01/23		3,352
	1,600,000	g	CommScope Holding Co, Inc		5.000		06/15/21		1,568
	1,600,000	g	CommScope Holding Co, Inc		5.500		06/15/24		1,572
	4,000,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		4,072
	4,000,000		Deutsche Telekom International Finance BV		8.750		06/15/30		5,816
	3,625,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		3,748
	3,500,000	g	ENTEL Chile S.A.		4.875		10/30/24		3,587
	2,025,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		1,934
	2,000,000	g	Oi S.A.		5.750		02/10/22		1,870
	3,950,000		Orange S.A.		5.500		02/06/44		4,301
	2,050,000	g	SES		3.600		04/04/23		2,066
	3,450,000	g	SES Global Americas Holdings GP		2.500		03/25/19		3,430
	7,475,000	g	Sprint Corp		7.250		09/15/21		7,783
	11,100,000		Telefonica Emisiones SAU		3.992		02/16/16		11,551
	11,850,000		Telefonica Emisiones SAU		4.570		04/27/23		12,372
	2,325,000		T-Mobile USA, Inc		6.375		03/01/25		2,319
	2,300,000	g	Turk Telekomunikasyon AS.		3.750		06/19/19		2,243
	21,600,000		Verizon Communications, Inc		0.700		11/02/15		21,619
	19,967,000	g	Verizon Communications, Inc		2.625		02/21/20		19,717
	9,275,000		Verizon Communications, Inc		3.450		03/15/21		9,413
	22,425,000		Verizon Communications, Inc		5.150		09/15/23		24,833
	5,625,000		Verizon Communications, Inc		4.150		03/15/24		5,808
	10,550,000		Verizon Communications, Inc		3.850		11/01/42		9,213
	13,577,000		Verizon Communications, Inc		6.550		09/15/43		16,963
	13,623,000	g	Verizon Communications, Inc		5.012		08/21/54		13,688
	5,600,000	g	VimpelCom Holdings BV		5.950		02/13/23		5,124
	1,525,000	g,h	Virgin Media Finance plc		6.000		10/15/24		1,527
			TOTAL TELECOMMUNICATION SERVICES						263,233

322

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
TRANSPORTATION - 0.8%
$	6,125,000	g	AP Moeller-Maersk A.S.		2.550	%	09/22/19	$	6,140
	5,850,000	g	AP Moeller-Maersk A.S.		3.750		09/22/24		5,866
	1,800,000	g	Asciano Finance Ltd		3.125		09/23/15		1,833
	5,730,000	g	Asciano Finance Ltd		5.000		04/07/18		6,173
	1,075,000	g	Bombardier, Inc		4.750		04/15/19		1,072
	6,875,000		Burlington Northern Santa Fe LLC		3.400		09/01/24		6,779
	7,075,000		Burlington Northern Santa Fe LLC		4.550		09/01/44		7,070
	1,000,000	g	DP World Ltd		6.850		07/02/37		1,121
	1,300,000	g	Embraer Overseas Ltd		5.696		09/16/23		1,388
	3,900,000	g	ERAC USA Finance LLC		3.300		10/15/22		3,865
	4,150,000	g	ERAC USA Finance LLC		5.625		03/15/42		4,687
	6,311,000		GATX Corp		1.250		03/04/17		6,265
	7,150,000		GATX Corp		2.500		07/30/19		7,140
	5,900,000		GATX Corp		5.200		03/15/44		6,273
	14,844,000		Kansas City Southern de Mexico S.A. de C.V.		2.350		05/15/20		14,224
	2,640,000		Kansas City Southern Railway Co		4.300		05/15/43		2,556
	2,625,000		Northrop Grumman Corp		1.750		06/01/18		2,601
	7,750,000		United Parcel Service, Inc		3.125		01/15/21		8,026
	4,900,000		United Parcel Service, Inc		3.625		10/01/42		4,458
			TOTAL TRANSPORTATION						97,537
UTILITIES - 3.0%
	1,250,000	i	AES Corp		3.234		06/01/19		1,231
	6,225,000		AES Corp		4.875		05/15/23		5,914
	1,500,000		AES Corp		5.500		03/15/24		1,459
	6,325,000		AGL Capital Corp		4.400		06/01/43		6,377
	5,150,000		Alabama Power Co		3.550		12/01/23		5,287
	3,475,000		Alabama Power Co		4.150		08/15/44		3,449
	8,435,000		Alliant Energy Corp		4.000		10/15/14		8,445
	15,000,000		American Electric Power Co, Inc		1.650		12/15/17		14,992
	6,000,000		American Electric Power Co, Inc		2.950		12/15/22		5,855
	3,000,000		AmeriGas Partners LP		6.250		08/20/19		3,083
	1,667,000		Arizona Public Service Co		5.050		09/01/41		1,887
	5,500,000		Atmos Energy Corp		8.500		03/15/19		6,898
	7,150,000		Atmos Energy Corp		4.150		01/15/43		7,115
	8,000,000		Berkshire Hathaway Energy Co		5.150		11/15/43		8,868
	6,225,000		Black Hills Corp		4.250		11/30/23		6,552
	4,750,000		Carolina Power & Light Co		5.300		01/15/19		5,370
	2,750,000		Carolina Power & Light Co		5.700		04/01/35		3,293
	3,670,000		CenterPoint Energy Resources Corp		4.500		01/15/21		4,013
	3,550,000		CenterPoint Energy Resources Corp		6.250		02/01/37		4,279
	3,500,000	g	CEZ AS.		4.250		04/03/22		3,679
	2,500,000		CMS Energy Corp		5.050		02/15/18		2,745
	2,100,000	g	Colbun S.A.		4.500		07/10/24		2,081
	2,500,000	g	Comision Federal de Electricidad		4.875		05/26/21		2,651
	1,700,000	g	Comision Federal de Electricidad		4.875		01/15/24		1,787
	3,055,000		Commonwealth Edison Co		4.000		08/01/20		3,287
	4,200,000		Commonwealth Edison Co		5.900		03/15/36		5,248
	2,750,000		Connecticut Light & Power Co		5.500		02/01/19		3,103
	3,000,000		Connecticut Light & Power Co		4.300		04/15/44		3,069

323

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	9,050,000		Consolidated Edison Co of New York, Inc		3.950	%	03/01/43	$	8,563
	4,250,000		Consolidated Natural Gas Co		5.000		12/01/14		4,259
	1,400,000		Duke Energy Carolinas LLC		4.300		06/15/20		1,536
	3,375,000		Duke Energy Ohio, Inc		3.800		09/01/23		3,531
	7,100,000	g,i	Electricite de France		5.625		12/30/49		7,390
	900,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		901
	4,000,000	g	Eskom Holdings Ltd		5.750		01/26/21		4,031
	6,335,514		Export Lease Ten Co LLC		1.650		05/07/25		6,051
	2,750,000		Ferrellgas LP		6.750		01/15/22		2,681
	6,250,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		6,359
	2,000,000		Florida Power Corp		6.400		06/15/38		2,666
	3,500,000		FPL Group Capital, Inc		2.600		09/01/15		3,562
	3,000,000		Georgia Power Co		5.400		06/01/40		3,472
	2,000,000		Georgia Power Co		4.300		03/15/42		1,999
	1,800,000	g	Hrvatska Elektroprivreda		6.000		11/09/17		1,888
	5,000,000		Indiana Michigan Power Co		7.000		03/15/19		5,976
	2,725,000		Integrys Energy Group, Inc		4.170		11/01/20		2,890
	3,350,000	g	Israel Electric Corp Ltd		6.700		02/10/17		3,625
	3,000,000	g	Israel Electric Corp Ltd		5.625		06/21/18		3,176
	1,000,000	g	Kansas Gas & Electric		6.700		06/15/19		1,189
	625,000	g	KazMunayGas National Co JSC		4.400		04/30/23		601
	2,825,000		Kinder Morgan Energy Partners LP		9.000		02/01/19		3,520
	1,850,000	g	Korea Hydro & Nuclear Power Co Ltd		3.125		09/16/15		1,887
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,522
	5,000,000		LG&E and KU Energy LLC		3.750		11/15/20		5,194
	2,800,000		Nevada Power Co		6.500		08/01/18		3,268
	3,335,000		Nevada Power Co		5.450		05/15/41		4,039
	3,500,000		NiSource Finance Corp		4.800		02/15/44		3,561
	3,375,000		Northeast Utilities		1.450		05/01/18		3,321
	2,000,000	g	NRG Energy, Inc		6.250		05/01/24		2,005
	7,800,000		NSTAR Electric Co		4.400		03/01/44		8,124
	2,500,000		NTPC Ltd		5.625		07/14/21		2,713
	1,000,000		NTPC Ltd		4.750		10/03/22		1,026
	7,100,000	g	Oncor Electric Delivery Co LLC		2.150		06/01/19		7,045
	1,280,000		Oncor Electric Delivery Co LLC		5.250		09/30/40		1,486
	8,170,000		Oncor Electric Delivery Co LLC		4.550		12/01/41		8,777
	4,850,000		ONEOK Partners LP		3.375		10/01/22		4,729
	3,900,000		Pacific Gas & Electric Co		8.250		10/15/18		4,794
	6,375,000		PacifiCorp		2.950		02/01/22		6,413
	1,200,000	g	Pelabuhan Indonesia III PT		4.875		10/01/24		1,187
	4,825,000		Pepco Holdings, Inc		2.700		10/01/15		4,908
	750,000		Potomac Electric Power Co		7.900		12/15/38		1,159
	6,925,000		PPL Capital Funding, Inc		4.200		06/15/22		7,371
	2,000,000		PPL Electric Utilities Corp		3.000		09/15/21		2,024
	3,825,000		Progress Energy, Inc		7.050		03/15/19		4,586
	4,625,000		Public Service Co of Colorado		3.200		11/15/20		4,803
	8,800,000		Public Service Co of Oklahoma		5.150		12/01/19		9,818
	2,640,000		Public Service Electric & Gas Co		5.300		05/01/18		2,959
	5,000,000		Public Service Electric & Gas Co		3.500		08/15/20		5,254
	11,475,000		Public Service Electric & Gas Co		2.375		05/15/23		10,885
	2,940,000		QEP Resources, Inc		5.375		10/01/22		2,881
	2,300,000		Sabine Pass LNG LP		6.500		11/01/20		2,369
	4,275,000		San Diego Gas & Electric Co		3.000		08/15/21		4,370

324

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,000,000		Sempra Energy		2.300	%	04/01/17	$	2,041
	4,725,000		Sempra Energy		3.550		06/15/24		4,760
	7,425,000		Southern California Edison Co		4.650		10/01/43		7,977
	2,325,000		Tampa Electric Co		4.100		06/15/42		2,297
	4,000,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		3,790
	3,680,000		Virginia Electric and Power Co		2.950		01/15/22		3,712
	3,000,000		Williams Partners LP		3.800		02/15/15		3,033
	5,075,000		Williams Partners LP		4.000		11/15/21		5,250
	7,250,000		Williams Partners LP		4.500		11/15/23		7,577
	6,000,000		Williams Partners LP		4.900		01/15/45		5,852
	14,000,000	g	WPD Investment Holdings Ltd		3.900		05/01/16		14,570
	4,000,000		Xcel Energy, Inc		4.800		09/15/41		4,392
			TOTAL UTILITIES						411,612
			TOTAL CORPORATE BONDS						4,358,885
			(Cost $4,256,848)
GOVERNMENT BONDS -  49.0%
AGENCY SECURITIES - 2.9%
	15,764,694		AMAL Ltd		3.465		08/21/21		16,566
	2,150,000		Amber Circle Funding Ltd		3.250		12/04/22		2,064
	4,215,280		Cal Dive I- Title XI, Inc		4.930		02/01/27		4,643
	35,000,000		Federal National Mortgage Association (FNMA)		2.625		11/20/14		35,121
	5,000,000		International Bank for Reconstruction & Development		0.500		04/15/16		4,990
	22,955,000		Lutheran Medical Center		1.982		02/20/30		21,552
	678,275		National Credit Union Administration		1.840		10/07/20		683
	15,519,379		Premier Aircraft Leasing		3.576		02/06/22		16,364
	10,000,000		Private Export Funding Corp (PEFCO)		3.050		10/15/14		10,012
	7,000,000		PEFCO		4.550		05/15/15		7,190
	15,000,000		PEFCO		2.125		07/15/16		15,376
	34,000,000		PEFCO		1.375		02/15/17		34,332
	17,000,000		PEFCO		5.450		09/15/17		19,063
	10,000,000		PEFCO		2.250		12/15/17		10,293
	5,000,000		PEFCO		4.375		03/15/19		5,524
	17,300,000		PEFCO		1.450		08/15/19		16,883
	18,750,000		PEFCO		2.250		03/15/20		18,786
	35,000,000		PEFCO		4.300		12/15/21		38,972
	30,000,000		PEFCO		2.050		11/15/22		28,506
	2,311,719		Totem Ocean Trailer Express, Inc		4.514		12/18/19		2,404
	62,753,000		Tunisia Government AID Bonds		1.686		07/16/19		62,440
	9,000,000		Ukraine Government AID Bonds		1.844		05/16/19		8,969
	13,915,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		14,349
	3,000,000		US Department of Housing and Urban Development (HUD)		5.380		08/01/18		3,267
			TOTAL AGENCY SECURITIES						398,349
FOREIGN GOVERNMENT BONDS - 5.7%
	3,800,000	g	Bahrain Government International Bond		6.000		09/19/44		3,829
	2,990,000	g	Barbados Government International Bond		7.000		08/04/22		2,762
	3,800,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		3,753
	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		2,475
	825,000		Brazilian Government International Bond		7.125		01/20/37		1,013

325

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,000,000		Brazilian Government International Bond		5.625	%	01/07/41	$	2,065
	5,000,000	g	Caisse d’Amortissement de la Dette Sociale		2.000		04/17/20		4,949
	1,200,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		1,251
	25,275,000		Canada Government International Bond		0.875		02/14/17		25,235
	3,630,000		Chile Government International Bond		3.875		08/05/20		3,873
	740,000		Chile Government International Bond		2.250		10/30/22		699
	5,410,000		Colombia Government International Bond		4.375		07/12/21		5,721
	1,775,000		Colombia Government International Bond		2.625		03/15/23		1,633
	4,450,000		Colombia Government International Bond		4.000		02/26/24		4,501
	1,500,000		Colombia Government International Bond		6.125		01/18/41		1,754
	3,150,000	g	Croatia Government International Bond		6.375		03/24/21		3,418
	2,325,000	g	Croatia Government International Bond		5.500		04/04/23		2,395
	63,500,000	g,h	Dominican Republic International Bond		10.000		01/05/17		1,486
	2,175,000	g	El Salvador Government International Bond		6.375		01/18/27		2,175
	32,500,000		European Investment Bank		1.125		04/15/15		32,662
	10,000,000		European Investment Bank		2.500		04/15/21		10,144
	3,500,000		European Investment Bank		4.875		02/15/36		4,274
	15,350,000		Export Development Canada		2.250		05/28/15		15,555
	5,825,000		Export-Import Bank of Korea		1.250		11/20/15		5,849
	4,575,000		Federative Republic of Brazil		12.500		01/05/16		1,892
	3,000,000		Federative Republic of Brazil		6.000		01/17/17		3,278
	5,200,000		FMS Wertmanagement AoeR		1.125		09/05/17		5,188
	25,250,000	g	Hellenic Republic Government Bond		4.750		04/17/19		31,590
	1,040,000		Hungary Government International Bond		4.000		03/25/19		1,061
	2,700,000		Hungary Government International Bond		5.750		11/22/23		2,926
	1,100,000		Hungary Government International Bond		5.375		03/25/24		1,161
	40,200,000		Hydro Quebec		1.375		06/19/17		40,418
	4,400,000		Italy Government International Bond		5.375		06/12/17		4,836
	1,610,000		Italy Government International Bond		6.875		09/27/23		2,055
	1,400,000	g	Ivory Coast Government International Bond		5.375		07/23/24		1,335
	500,000	g,i	Ivory Coast Government International Bond		5.750		12/31/32		477
	1,880,000	g	Japan Finance Organization for Municipalities		2.125		03/06/19		1,891
	1,950,000	g	Kenya Government International Bond		5.875		06/24/19		2,006
	18,750,000		KFW		2.625		01/25/22		19,061
	13,000,000	g	Kommunalbanken AS.		1.375		06/08/17		13,085
	5,800,000	g,i	Kommunalbanken AS.		0.412		02/20/18		5,808
	5,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		5,003
	2,400,000		Korea Development Bank		1.500		01/22/18		2,358
	6,000,000	g	Korea Housing Finance Corp		1.625		09/15/18		5,824
	50,000,000		Mexican Bonos		7.750		12/14/17		4,055
	1,000,000		Mexico Government International Bond		5.625		01/15/17		1,092
	2,900,000		Mexico Government International Bond		6.750		09/27/34		3,683
	1,500,000		Mexico Government International Bond		6.050		01/11/40		1,770
	1,500,000		Mexico Government International Bond		4.750		03/08/44		1,489
	1,000,000	g	Morocco Government International Bond		5.500		12/11/42		995
	1,000,000	g	Municipality Finance plc		1.750		05/21/19		994
	3,600,000	g	Namibia International Bonds		5.500		11/03/21		3,816
	5,000,000	g	Nederlandse Waterschapsbank NV		2.125		02/09/17		5,132
	43,950,000		North American Development Bank		2.400		10/26/22		41,788
	1,175,000		Panama Government International Bond		5.200		01/30/20		1,293
	5,850,000		Panama Government International Bond		4.000		09/22/24		5,835
	1,000,000		Peruvian Government International Bond		7.125		03/30/19		1,190
	1,200,000		Peruvian Government International Bond		7.350		07/21/25		1,563

326

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,250,000		Peruvian Government International Bond		6.550	%	03/14/37	$	1,575
	4,175,000		Philippine Government International Bond		4.200		01/21/24		4,405
	1,850,000		Poland Government International Bond		6.375		07/15/19		2,174
	6,167,000		Poland Government International Bond		5.125		04/21/21		6,867
	1,000,000		Poland Government International Bond		4.000		01/22/24		1,028
	25,000,000	g	Province of Alberta Canada		1.000		06/21/17		24,969
	13,825,000		Province of British Columbia Canada		2.850		06/15/15		14,077
	21,000,000		Province of British Columbia Canada		1.200		04/25/17		21,084
	15,000,000		Province of British Columbia Canada		2.000		10/23/22		14,345
	20,750,000		Province of Manitoba Canada		1.750		05/30/19		20,559
	10,000,000		Province of Manitoba Canada		3.050		05/14/24		10,091
	20,000,000		Province of New Brunswick Canada		2.750		06/15/18		20,793
	12,000,000		Province of Nova Scotia Canada		2.375		07/21/15		12,199
	24,250,000		Province of Ontario Canada		2.950		02/05/15		24,473
	35,525,000		Province of Ontario Canada		2.700		06/16/15		36,137
	24,000,000		Province of Ontario Canada		2.300		05/10/16		24,642
	2,250,000		Province of Quebec Canada		5.125		11/14/16		2,451
	8,835,000		Province of Quebec Canada		4.625		05/14/18		9,777
	22,500,000		Province of Quebec Canada		3.500		07/29/20		23,958
	10,000,000		Province of Quebec Canada		2.750		08/25/21		10,073
	6,000,000		Province of Quebec Canada		7.500		09/15/29		8,499
	5,175,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		5,279
	1,925,000	g	Republic of Paraguay		6.100		08/11/44		2,031
	1,300,000	g	Republic of Serbia		5.250		11/21/17		1,336
	1,441,833	i	Republic of Serbia		6.750		11/01/24		1,453
	1,225,000	g	Republic of Trinidad & Tobago		4.375		01/16/24		1,326
	4,500,000		Republic of Turkey		7.500		07/14/17		5,040
	1,650,000		Republic of Turkey		6.000		01/14/41		1,708
	1,550,000	g	Romanian Government International Bond		4.875		01/22/24		1,643
	2,135,000	g	Slovenia Government International Bond		5.250		02/18/24		2,274
	121,524,000		South Africa Government Bond		8.250		09/15/17		11,066
	1,002,000		South Africa Government International Bond		6.875		05/27/19		1,137
	3,500,000		South Africa Government International Bond		5.500		03/09/20		3,767
	3,125,000		South Africa Government International Bond		5.875		09/16/25		3,438
	2,375,000		South Africa Government International Bond		5.375		07/24/44		2,357
	16,500,000		Spain Government Bond		3.750		10/31/18		23,350
	3,000,000	g	Sri Lanka Government International Bond		6.000		01/14/19		3,165
	1,900,000	g	Sri Lanka Government International Bond		6.250		10/04/20		2,009
	1,630,000	g	Sri Lanka Government International Bond		6.250		07/27/21		1,712
	7,680,000		Svensk Exportkredit AB		5.125		03/01/17		8,417
	4,000,000		Svensk Exportkredit AB		1.125		04/05/18		3,949
	8,000,000		Turkey Government International Bond		6.750		04/03/18		8,860
	7,050,000		Turkey Government International Bond		5.750		03/22/24		7,485
	500,000		United Mexican States		5.125		01/15/20		555
	1,732,000		Uruguay Government International Bond		4.500		08/14/24		1,814
			TOTAL FOREIGN GOVERNMENT BONDS						770,127
MORTGAGE BACKED - 22.8%
	5,000,000		Federal Home Loan Mortgage Corp (FHLMC)		3.000		02/15/26		5,022
	2,168,067	i	FHLMC		2.380		02/01/36		2,326
	4,512,225	i	FHLMC		2.314		07/01/36		4,819
	2,317,721	i	FHLMC		2.260		09/01/36		2,468
	1,417,893	i	FHLMC		2.349		09/01/36		1,519

327

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	1,957,410	i	FHLMC		2.366	%	09/01/36	$	2,080
	2,755,601	i	FHLMC		2.371		09/01/36		2,942
	1,190,861	i	FHLMC		2.510		02/01/37		1,281
	5,034,183	i	FHLMC		2.422		03/01/37		5,391
	2,216,854	i	FHLMC		6.038		04/01/37		2,372
	43,928	i	FHLMC		1.950		05/01/37		44
	2,744,860	i	FHLMC		2.250		06/01/37		2,929
	2,747,358	i	FHLMC		2.618		08/01/37		2,861
	2,583,707	i	FHLMC		1.676		09/01/37		2,702
	26,445,000		FHLMC		4.000		12/15/38		28,023
	23,488,241		FHLMC		3.500		04/15/40		24,544
	18,494,175		FHLMC		4.000		03/15/44		19,494
	187,575		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		194
	1,420,556		FGLMC		5.000		09/01/18		1,500
	716,595		FGLMC		5.500		01/01/19		766
	202,547		FGLMC		4.000		06/01/19		214
	776,125		FGLMC		4.500		01/01/20		819
	707,919		FGLMC		4.500		07/01/20		761
	448,226		FGLMC		4.500		08/01/20		480
	115,684		FGLMC		7.000		10/01/20		124
	5,930,277		FGLMC		4.500		06/01/21		6,348
	2,040,139		FGLMC		4.500		06/01/21		2,182
	741,593		FGLMC		5.000		04/01/23		806
	22,296		FGLMC		7.000		05/01/23		26
	239,100		FGLMC		6.000		10/01/23		269
	192,613		FGLMC		6.000		11/01/23		217
	2,769,740		FGLMC		4.000		07/01/24		2,935
	901,063		FGLMC		4.500		09/01/24		974
	43,314		FGLMC		8.000		01/01/31		50
	81,301		FGLMC		7.000		12/01/31		85
	6,085		FGLMC		7.000		01/01/32		6
	200,968		FGLMC		8.000		02/01/32		235
	1,552,150		FGLMC		4.500		07/01/33		1,678
	3,438,609		FGLMC		5.500		12/01/33		3,859
	1,898,509		FGLMC		5.500		12/01/33		2,139
	9,228,658		FGLMC		7.000		12/01/33		10,800
	12,226,131		FGLMC		5.000		01/01/34		13,513
	4,772,979		FGLMC		4.500		10/01/34		5,163
	2,046,783		FGLMC		4.500		04/01/35		2,220
	3,268,221		FGLMC		7.000		05/01/35		3,747
	744,933		FGLMC		5.000		02/01/36		824
	66,394		FGLMC		6.500		05/01/36		75
	4,163,528		FGLMC		5.000		04/01/38		4,624
	3,355,628		FGLMC		5.000		07/01/39		3,701
	15,630,161		FGLMC		4.500		11/01/40		17,119
	17,947,618		FGLMC		4.500		12/01/40		19,602
	75,000,000	h	FGLMC		3.500		10/15/44		76,550
	56,000,000	h	FGLMC		4.000		10/15/44		58,957
	38,000,000	h	FGLMC		4.000		11/15/44		39,888
	385,821		Federal National Mortgage Association (FNMA)		4.960		01/01/15		385
	19,100		FNMA		7.500		02/01/15		19
	62,502		FNMA		7.500		04/01/15		63
	45,609		FNMA		7.500		04/01/15		46

328

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	7,659		FNMA		6.500	%	03/01/16	$	9
	3,893		FNMA		6.500		04/01/16		4
	70,117		FNMA		6.500		10/01/16		72
	94,103		FNMA		6.500		11/01/16		98
	195,198		FNMA		6.500		02/01/18		205
	1,606,697		FNMA		5.500		04/01/18		1,701
	258,758		FNMA		6.500		04/01/18		272
	1,104,614		FNMA		5.500		07/01/20		1,201
	387,591		FNMA		4.500		11/01/20		410
	987,728		FNMA		5.500		08/01/21		1,082
	710,880		FNMA		4.500		03/01/23		762
	49,790		FNMA		8.000		03/01/23		52
	1,325,230		FNMA		4.500		06/01/23		1,424
	2,034,000		FNMA		5.000		07/01/23		2,200
	1,437,775		FNMA		4.000		05/01/24		1,534
	136,908		FNMA		8.000		07/01/24		163
	1,184,221		FNMA		4.500		08/01/24		1,264
	5,690,850		FNMA		4.000		09/01/24		6,075
	29,594		FNMA		9.000		11/01/25		35
	8,807,307		FNMA		3.000		05/01/27		9,109
	54,000,000	h	FNMA		3.000		10/25/29		55,620
	74,000,000	h	FNMA		3.500		10/25/29		77,787
	61,000,000	h	FNMA		2.500		11/25/29		61,198
	27,000,000	h	FNMA		3.000		11/25/29		27,748
	38,000,000	h	FNMA		3.500		11/25/29		39,863
	1,763,060		FNMA		6.500		07/01/32		2,028
	134,719		FNMA		7.000		07/01/32		150
	174,197		FNMA		7.000		07/01/32		188
	1,073,588		FNMA		4.500		03/25/33		1,107
	11,357,553		FNMA		3.000		10/01/33		11,533
	1,658,350		FNMA		4.500		10/01/33		1,802
	166,000		FNMA		5.000		11/01/33		186
	3,243,240		FNMA		5.000		11/01/33		3,638
	12,774,340		FNMA		5.500		03/01/34		14,336
	7,572,569		FNMA		3.500		03/25/34		7,704
	11,928,219		FNMA		5.500		02/01/35		13,381
	2,891,650		FNMA		4.500		05/01/35		3,142
	69,613		FNMA		7.500		06/01/35		77
	1,601,242	i	FNMA		2.261		02/01/36		1,724
	1,264,833	i	FNMA		2.129		07/01/36		1,361
	76,349		FNMA		6.500		03/01/37		90
	1,893,323		FNMA		6.000		09/01/37		2,169
	1,724,319		FNMA		6.000		09/01/37		1,994
	1,537,312		FNMA		6.500		09/01/37		1,740
	4,987,962	i	FNMA		2.400		10/01/37		5,379
	12,813,624		FNMA		5.500		01/01/38		14,258
	2,278,211		FNMA		5.500		01/01/38		2,552
	70,233		FNMA		6.500		02/01/38		79
	13,279,273		FNMA		5.500		04/01/38		14,777
	10,092,687		FNMA		5.500		06/01/38		11,230
	1,436,048	i	FNMA		2.008		10/01/38		1,535
	9,281,464		FNMA		5.500		12/01/38		10,499

329

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	19,718,333		FNMA		4.000	%	02/01/39	$	20,844
	22,862,083		FNMA		4.000		04/25/39		24,441
	47,702,083		FNMA		4.000		06/25/39		50,865
	761,644	h	FNMA		4.000		07/01/39		805
	22,075,625		FNMA		3.500		07/25/39		23,065
	6,779,176		FNMA		5.500		08/01/39		7,629
	4,913,025		FNMA		4.500		10/01/39		5,310
	3,742,684		FNMA		5.500		11/01/39		4,164
	5,284,263		FNMA		4.500		06/01/40		5,719
	2,728,197		FNMA		5.000		08/01/40		3,013
	16,464,029		FNMA		5.000		09/01/40		18,183
	4,317,817		FNMA		4.500		10/01/40		4,685
	1,208,218		FNMA		6.000		10/01/40		1,370
	2,083,492		FNMA		3.500		11/01/40		2,133
	6,398,404		FNMA		4.500		11/01/40		6,921
	13,622,657		FNMA		4.500		11/01/40		14,706
	44,008,744		FNMA		4.500		12/25/40		47,182
	898,806		FNMA		3.500		01/01/41		921
	848,172		FNMA		3.500		02/01/41		870
	14,265,910		FNMA		3.500		03/01/41		14,602
	19,414,324		FNMA		5.000		05/01/41		21,475
	1,328,030		FNMA		5.000		06/01/41		1,471
	1,795,778		FNMA		5.000		08/01/41		1,986
	697,139		FNMA		4.500		09/01/41		754
	3,185,252		FNMA		3.500		11/01/41		3,263
	3,746,094		FNMA		3.500		11/01/41		3,836
	37,829,591		FNMA		5.500		12/01/41		42,978
	10,000,000		FNMA		4.000		01/25/42		10,570
	1,311,399		FNMA		4.500		04/01/42		1,418
	15,254,211		FNMA		4.500		04/01/42		16,494
	20,635,031		FNMA		4.000		09/01/42		21,815
	24,472,981		FNMA		3.000		10/01/42		24,191
	272,141		FNMA		3.000		10/01/42		269
	263,876		FNMA		3.000		10/01/42		261
	688,443		FNMA		3.000		11/01/42		680
	46,947		FNMA		3.000		12/01/42		46
	389,557		FNMA		3.000		12/01/42		385
	12,783,173		FNMA		3.000		01/01/43		12,634
	27,516,071		FNMA		3.000		01/01/43		27,187
	4,454,647		FNMA		3.500		01/01/43		4,562
	16,240,579		FNMA		3.000		02/01/43		16,045
	171,219		FNMA		3.000		02/01/43		169
	34,920,354		FNMA		3.000		02/01/43		34,499
	736,822		FNMA		3.000		02/01/43		728
	6,724,221		FNMA		3.500		02/01/43		6,915
	185,322		FNMA		3.000		03/01/43		183
	313,142		FNMA		3.000		03/01/43		309
	902,449		FNMA		3.000		03/01/43		892
	167,874		FNMA		3.000		03/01/43		166
	391,801		FNMA		3.000		04/01/43		387
	422,064		FNMA		3.000		04/01/43		417
	65,946		FNMA		3.000		04/01/43		65
	87,259		FNMA		3.000		04/01/43		86

330

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	261,319		FNMA		3.000	%	04/01/43	$	258
	185,760		FNMA		3.000		04/01/43		183
	198,064		FNMA		3.000		04/01/43		196
	240,479		FNMA		3.000		04/01/43		238
	18,150		FNMA		3.000		04/01/43		18
	6,058,580		FNMA		3.000		05/01/43		5,983
	10,850,170		FNMA		3.000		05/01/43		10,762
	1,056,668		FNMA		3.500		05/01/43		1,087
	1,786,466		FNMA		3.500		05/01/43		1,837
	1,775,710		FNMA		3.500		06/01/43		1,826
	4,698,711		FNMA		3.500		06/01/43		4,832
	2,314,675		FNMA		3.500		06/01/43		2,380
	870,379		FNMA		3.500		06/01/43		895
	2,227,121		FNMA		3.500		06/01/43		2,290
	1,068,395		FNMA		3.500		06/01/43		1,099
	7,470,537		FNMA		4.000		06/01/43		7,897
	2,977,892		FNMA		3.500		07/01/43		3,063
	6,287,714		FNMA		3.500		07/01/43		6,466
	23,509,758		FNMA		4.000		11/01/43		24,969
	953,387		FNMA		4.000		12/01/43		1,008
	6,905,282	h	FNMA		4.000		01/01/44		7,300
	9,470,080		FNMA		4.000		02/01/44		10,011
	1,703,588		FNMA		4.000		02/01/44		1,801
	650,888		FNMA		4.000		02/01/44		688
	1,970,861		FNMA		4.000		03/01/44		2,083
	108,227		FNMA		4.000		03/01/44		114
	2,620,201		FNMA		4.000		04/01/44		2,770
	10,897,819		FNMA		4.000		04/01/44		11,521
	3,360,193	h	FNMA		4.000		04/01/44		3,552
	9,715,732	h	FNMA		4.000		05/01/44		10,271
	6,586,353	h	FNMA		4.000		06/01/44		6,963
	3,596,467		FNMA		4.000		06/01/44		3,802
	31,852,228		FNMA		4.500		06/01/44		34,978
	10,589,892		FNMA		4.500		06/01/44		11,589
	15,142,000		FNMA		4.500		06/25/44		16,728
	3,440,200		FNMA		4.000		07/01/44		3,637
	1,845,563	h	FNMA		4.000		07/01/44		1,951
	6,648,497		FNMA		4.000		08/01/44		7,028
	4,752,837	h	FNMA		4.000		08/01/44		5,024
	4,597,820	h	FNMA		4.000		08/01/44		4,861
	1,197,716	h	FNMA		4.000		09/01/44		1,266
	9,876,906		FNMA		4.500		09/01/44		10,809
	7,875,700	h	FNMA		4.000		10/01/44		8,326
	4,449,488	h	FNMA		4.500		10/01/44		4,869
	58,000,000	h	FNMA		3.000		10/25/44		57,175
	70,000,000	h	FNMA		3.500		10/25/44		71,548
	78,000,000	h	FNMA		4.000		10/25/44		82,197
	33,000,000	h	FNMA		4.500		10/25/44		35,604
	63,000,000	h	FNMA		5.000		10/25/44		69,511
	119,000,000	h	FNMA		3.000		11/25/44		116,978
	96,000,000	h	FNMA		3.500		11/25/44		97,838
	48,000,000	h	FNMA		4.000		11/25/44		50,433

331

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	104,000,000	h	FNMA		4.500	%	11/25/44	$	111,918
	92,000,000	h	FNMA		5.000		11/25/44		101,294
	12,000,000	h	FNMA		5.500		11/25/44		13,340
	3,284		Government National Mortgage Association (GNMA)		9.000		06/15/16		3
	2,192		GNMA		9.000		09/15/16		2
	1,842		GNMA		9.000		09/15/16		2
	5,507		GNMA		9.000		11/15/16		6
	1,658		GNMA		9.000		12/15/16		2
	3,877		GNMA		9.000		12/15/16		4
	22,958		GNMA		9.500		12/15/16		24
	14,361		GNMA		8.000		06/15/24		16
	30,372		GNMA		8.500		11/20/30		37
	49,863		GNMA		8.500		12/20/30		61
	1,144,178		GNMA		5.500		07/15/33		1,282
	625,829		GNMA		5.500		11/20/33		711
	2,206,644		GNMA		5.500		03/20/35		2,505
	1,133,045		GNMA		5.500		12/20/35		1,287
	663,883		GNMA		6.000		10/20/36		758
	696,051		GNMA		6.000		01/20/37		794
	1,972,350		GNMA		6.000		02/20/37		2,250
	1,598,761		GNMA		5.000		04/15/38		1,760
	1,487,358		GNMA		5.500		07/15/38		1,653
	2,413,945		GNMA		5.500		07/20/38		2,711
	829,212		GNMA		6.000		08/20/38		935
	1,391,376		GNMA		6.500		11/20/38		1,570
	1,688,573		GNMA		2.176		05/16/39		1,692
	3,080,920		GNMA		5.000		06/15/39		3,423
	3,944,975		GNMA		5.000		06/15/39		4,380
	2,100,193		GNMA		5.000		07/20/39		2,336
	11,278,239		GNMA		4.500		09/20/39		12,378
	1,013,725		GNMA		4.000		11/20/39		1,060
	10,510,413		GNMA		3.500		07/15/43		10,930
	11,376,921		GNMA		5.000		02/20/44		12,564
	9,818,012		GNMA		5.000		03/20/44		10,846
	12,744,146		GNMA		4.500		06/20/44		13,850
	41,000,000	h	GNMA		3.000		10/15/44		41,279
	27,000,000	h	GNMA		3.000		10/20/44		27,171
	219,000,000	h	GNMA		3.500		10/20/44		226,288
	131,000,000	h	GNMA		4.000		10/20/44		138,828
	100,000,000	h	GNMA		4.500		10/20/44		108,453
	11,000,000	h	GNMA		5.000		10/20/44		12,099
			TOTAL MORTGAGE BACKED						3,030,906
MUNICIPAL BONDS - 4.0%
	9,685,000		Arizona School Facilities Board		0.945		09/01/16		9,642
	3,740,000		Arizona School Facilities Board		0.945		09/01/16		3,738
	1,025,000		Charlotte-Mecklenburg Hospital Authority		5.000		08/01/15		1,038
	15,000,000		City of New York NY		2.450		04/01/19		15,256
	10,000,000		City of New York NY		2.650		04/01/20		10,133
	12,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		12,042
	3,500,000		Maine Municipal Bond Bank		1.708		06/01/16		3,501
	8,800,000		New York State Urban Development Corp		1.350		03/15/18		8,713

332

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

						MATURITY	VALUE
PRINCIPAL		ISSUER	RATE			DATE	(000)
$	2,000,000	Permanent University Fund		1.439	%	07/01/17	$	2,002
	2,625,000	Permanent University Fund		1.730		07/01/18		2,614
	4,720,000	Permanent University Fund		1.880		07/01/19		4,650
	2,320,000	Permanent University Fund		2.258		07/01/20		2,295
	2,160,000	Permanent University Fund		2.408		07/01/21		2,129
	2,750,000	Permanent University Fund		2.508		07/01/22		2,702
	2,855,000	Permanent University Fund		2.608		07/01/23		2,793
	3,250,000	Permanent University Fund		2.708		07/01/24		3,151
	2,335,000	Permanent University Fund		2.808		07/01/25		2,279
	3,775,000	Permanent University Fund		2.908		07/01/26		3,675
	4,000,000	Permanent University Fund		3.008		07/01/27		3,891
	18,535,000	Permanent University Fund		3.575		07/01/32		17,177
	12,300,000	State of California		0.850		02/01/15		12,314
	9,000,000	State of California		5.450		04/01/15		9,223
	15,625,000	State of California		1.050		02/01/16		15,699
	11,370,000	State of California		5.950		04/01/16		12,245
	2,915,000	State of Georgia		1.750		07/01/19		2,898
	3,060,000	State of Georgia		2.000		07/01/20		3,038
	3,215,000	State of Georgia		2.150		07/01/21		3,154
	3,905,000	State of Georgia		2.750		07/01/25		3,777
	4,100,000	State of Georgia		2.850		07/01/26		3,964
	4,305,000	State of Georgia		2.950		07/01/27		4,149
	4,520,000	State of Georgia		3.050		07/01/28		4,343
	3,245,000	State of Georgia		3.150		07/01/29		3,117
	4,385,000	State of Illinois		4.511		03/01/15		4,454
	12,500,000	State of Illinois		2.000		06/15/15		12,635
	12,500,000	State of Illinois		0.750		06/15/16		12,472
	19,760,000	State of Illinois		4.833		02/01/17		20,950
	12,500,000	State of Illinois		1.750		06/15/17		12,601
	8,000,000	State of Illinois		4.350		06/01/18		8,342
	7,500,000	State of Illinois		2.000		06/15/18		7,509
	7,500,000	State of Illinois		2.000		06/15/19		7,376
	7,160,000	State of Illinois		5.463		02/01/20		7,787
	12,500,000	State of Illinois		1.930		06/15/20		11,995
	12,500,000	State of Illinois		2.250		06/15/21		11,900
	10,000,000	State of Illinois		4.310		04/01/23		9,781
	11,535,000	State of Illinois		4.610		04/01/25		11,205
	9,350,000	State of Illinois		4.760		04/01/26		9,027
	12,500,000	State of Illinois		3.150		06/15/26		11,669
	13,880,000	State of Illinois		4.910		04/01/27		13,254
	12,500,000	State of Illinois		3.250		06/15/27		11,667
	8,115,000	State of Illinois		5.010		04/01/28		7,665
	20,870,000	State of Michigan		3.500		05/15/30		19,750
	21,640,000	State of Michigan		3.600		05/15/31		20,386
	22,455,000	State of Michigan		3.700		05/15/32		21,178
	13,515,000	University of California		1.296		05/15/18		13,325
	55,000,000	University of California		1.796		07/01/19		53,754
	11,735,000	University of California		1.995		05/15/20		11,480
	4,500,000	University of California		2.300		05/15/21		4,396
	6,000,000	University of California		2.570		05/15/22		5,883
		TOTAL MUNICIPAL BONDS						533,783

333

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

						MATURITY	VALUE
PRINCIPAL		ISSUER	RATE			DATE	(000)
U.S. TREASURY SECURITIES - 13.6%
$	22,000,000	United States Treasury Bond		6.375	%	08/15/27	$	30,776
	49,175,000	United States Treasury Bond		5.250		02/15/29		63,313
	52,686,000	United States Treasury Bond		5.375		02/15/31		69,735
	48,602,000	United States Treasury Bond		4.500		02/15/36		59,986
	19,135,000	United States Treasury Bond		4.375		05/15/41		23,470
	16,434,000	United States Treasury Bond		3.750		08/15/41		18,244
	56,375,000	United States Treasury Bond		3.625		08/15/43		60,938
	45,635,000	United States Treasury Bond		3.375		05/15/44		47,118
	19,744,000	United States Treasury Bond		3.125		08/15/44		19,429
	50,485,000	United States Treasury Note		0.125		12/31/14		50,493
	166,905,000	United States Treasury Note		0.250		01/31/15		167,016
	51,305,000	United States Treasury Note		0.250		02/28/15		51,349
	1,000	United States Treasury Note		0.375		06/30/15		1
	12,717,000	United States Treasury Note		1.875		06/30/15		12,887
	15,952,000	United States Treasury Note		1.750		07/31/15		16,170
	53,410,000	United States Treasury Note		0.250		08/15/15		53,477
	44,505,000	United States Treasury Note		0.250		09/15/15		44,562
	3,000,000	United States Treasury Note		0.250		09/30/15		3,004
	22,788,000	United States Treasury Note		0.250		10/15/15		22,813
	18,485,000	United States Treasury Note		1.250		10/31/15		18,700
	17,747,000	United States Treasury Note		0.375		11/15/15		17,783
	5,900,000	United States Treasury Note		0.250		12/31/15		5,902
	3,300,000	United States Treasury Note		0.375		03/15/16		3,302
	48,000,000	United States Treasury Note		0.375		03/31/16		48,011
	9,800,000	United States Treasury Note		2.375		03/31/16		10,095
	144,410,000	United States Treasury Note		0.375		04/30/16		144,354
	55,500,000	United States Treasury Note		0.375		05/31/16		55,444
	61,280,000	United States Treasury Note		0.500		06/30/16		61,316
	18,500,000	United States Treasury Note		0.500		07/31/16		18,502
	20,000,000	United States Treasury Note		0.500		08/31/16		19,980
	10,000,000	United States Treasury Note		3.125		10/31/16		10,509
	4,675,000	United States Treasury Note		0.750		01/15/17		4,672
	37,900,000	United States Treasury Note		0.625		02/15/17		37,737
	42,300,000	United States Treasury Note		1.000		09/15/17		42,234
	17,100,000	United States Treasury Note		2.250		07/31/18		17,590
	40,466,900	United States Treasury Note		1.375		09/30/18		40,214
	10,365,000	United States Treasury Note		1.750		10/31/18		10,440
	5,625,000	United States Treasury Note		1.375		02/28/19		5,553
	5,550,000	United States Treasury Note		1.000		06/30/19		5,358
	18,538,600	United States Treasury Note		1.625		08/31/19		18,411
	3,870,000	United States Treasury Note		1.250		10/31/19		3,764
	319,500	United States Treasury Note		2.625		11/15/20		329
	825,000	United States Treasury Note		2.125		01/31/21		825
	27,720,000	United States Treasury Note		2.000		02/28/21		27,484
	10,000,000	United States Treasury Note		2.250		03/31/21		10,059
	20,240,000	United States Treasury Note		2.250		04/30/21		20,341
	16,465,000	United States Treasury Note		2.000		05/31/21		16,275
	1,730,000	United States Treasury Note		2.125		06/30/21		1,722
	11,825,000	United States Treasury Note		2.000		08/31/21		11,665
	189,872,000	United States Treasury Note		8.000		11/15/21		262,735
	45,295,000	United States Treasury Note		2.375		08/15/24		44,771
		TOTAL U.S. TREASURY SECURITIES						1,810,858
		TOTAL GOVERNMENT BONDS						6,544,023
		(Cost $6,462,977)

334

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
STRUCTURED ASSETS - 15.0%
ASSET BACKED - 11.1%
$	13,000,000		AEP Texas Central Transition Funding LLC		1.976	%	06/01/21	$	12,882
			Series - 2012 1 (Class A2)
	2,500,000	g	AESOP Funding II		3.270		02/20/18		2,597
			Series - 2011 5A (Class A)
	20,980,877		Ally Auto Receivables Trust		0.540		07/15/16		20,993
			Series - 2013 2 (Class A2A)
	33,000,000		Ally Auto Receivables Trust		0.480		02/15/17		33,007
			Series - 2014 1 (Class A2)
	5,000,000	g	Ally Auto Receivables Trust		1.760		02/15/17		5,049
			Series - 2012 2 (Class B)
	10,000,000	g	Ally Auto Receivables Trust		2.260		07/16/18		10,131
			Series - 2012 2 (Class C)
	10,000,000	g	Ally Master Owner Trust		4.250		04/15/17		10,138
			Series - 2010 2 (Class A)
	24,000,000		Ally Master Owner Trust		1.000		02/15/18		24,038
			Series - 2013 1 (Class A2)
	7,503,000		Ally Master Owner Trust		1.720		07/15/19		7,526
			Series - 2012 4 (Class A)
	8,710,000		Ally Master Owner Trust		1.540		09/15/19		8,659
			Series - 2012 5 (Class A)
	5,238,610		AmeriCredit Automobile Receivables Trust		3.190		10/12/16		5,274
			Series - 2011 2 (Class C)
	18,245,000		AmeriCredit Automobile Receivables Trust		1.590		07/10/17		18,353
			Series - 2012 3 (Class B)
	10,350,000		AmeriCredit Automobile Receivables Trust		3.440		10/08/17		10,575
			Series - 2011 5 (Class C)
	10,373,000		AmeriCredit Automobile Receivables Trust		1.690		11/08/18		10,426
			Series - 2012 5 (Class C)
	17,823,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		17,814
			Series - 2013 1 (Class C)
	19,850,000		AmeriCredit Automobile Receivables Trust		1.790		03/08/19		19,881
			Series - 2013 2 (Class C)
	74,236	m	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		0^
			Series - 2006 WMC1 (Class N1)
	2,236,667	g	Avis Budget Rental Car Funding AESOP LLC		2.370		11/20/14		2,241
			Series - 2011 2A (Class A)
	2,030,000	g	Avis Budget Rental Car Funding AESOP LLC		4.640		05/20/16		2,066
			Series - 2010 3A (Class A)
	4,000,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		4,093
			Series - 2010 3A (Class B)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		2.054		08/20/16		1,009
			Series - 2012 1A (Class A)
	700,000	g	Avis Budget Rental Car Funding AESOP LLC		3.241		08/20/16		710
			Series - 2012 1A (Class B)
	2,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.410		11/20/17		2,083
			Series - 2011 3A (Class A)
	5,500,000	g	Avis Budget Rental Car Funding AESOP LLC		4.740		11/20/17		5,826
			Series - 2011 3A (Class B)

335

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	11,125,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720	%	02/20/18	$	11,813
			Series - 2011 5A (Class B)
	8,325,000	g	Avis Budget Rental Car Funding AESOP LLC		2.802		05/20/18		8,556
			Series - 2012 2A (Class A)
	4,890,000	g	Avis Budget Rental Car Funding AESOP LLC		3.887		05/20/18		5,095
			Series - 2012 2A (Class B)
	2,291,948	i	Bear Stearns Asset Backed Securities Trust		0.895		11/25/39		2,264
			Series - 2005 SD3 (Class 2A1)
	7,450,000	g	Cabela’s Master Credit Card Trust		2.290		09/17/18		7,568
			Series - 2010 2A (Class A1)
	21,620,000		Capital Auto Receivables Asset Trust		1.040		11/21/16		21,696
			Series - 2013 3 (Class A2)
	2,900,000		Capital Auto Receivables Asset Trust		1.290		04/20/18		2,898
			Series - 2013 1 (Class B)
	10,545,000		Capital Auto Receivables Asset Trust		1.740		10/22/18		10,547
			Series - 2013 1 (Class C)
	20,115,358		CarMax Auto Owner Trust		0.520		11/15/16		20,127
			Series - 2013 4 (Class A2)
	21,000,000		CarMax Auto Owner Trust		0.800		07/16/18		20,960
			Series - 2013 4 (Class A3)
	3,532,884	i,m	CCR, Inc		0.599		07/10/17		3,430
			Series - 2010 CX (Class C)
	922,725	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/26/35		743
			Series - 2004 2 (Class 1M2)
	1,504,571	i	CIT Group Home Equity Loan Trust		6.200		02/25/30		1,501
			Series - 2002 1 (Class AF6)
	40,000,000		Citibank Credit Card Issuance Trust		0.730		02/07/18		40,019
			Series - 2013 A10 (Class A10)
	218,168	i	Countrywide Asset-Backed Certificates		0.975		05/25/36		217
			Series - 2004 AB2 (Class A3)
	381,503	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		381
			Series - 2007 MX1 (Class A1)
	5,525,000	g,i	DB/UBS Mortgage Trust		5.730		11/10/46		6,159
			Series - 2011 LC1A (Class C)
	22,405,000		Discover Card Execution Note Trust		0.810		08/15/17		22,443
			Series - 2012 A1 (Class A1)
	136,912,794	g	Dominos Pizza Master Issuer LLC		5.216		01/25/42		144,601
			Series - 2012 1A (Class A2)
	6,337,775	g	Enterprise Fleet Financing LLC		0.680		09/20/18		6,339
			Series - 2013 1 (Class A2)
	11,782,000		Ford Credit Auto Owner Trust		1.150		06/15/17		11,844
			Series - 2012 A (Class A4)
	4,285,000		Ford Credit Auto Owner Trust		3.210		07/15/17		4,360
			Series - 2011 A (Class D)
	5,250,000		Ford Credit Auto Owner Trust		1.150		07/15/18		5,222
			Series - 2013 A (Class B)
	5,820,000		Ford Credit Auto Owner Trust		1.110		10/15/18		5,830
			Series - 2013 B (Class B)
	6,000,000		Ford Credit Auto Owner Trust		1.360		10/15/18		5,992
			Series - 2013 A (Class C)
	5,595,000		Ford Credit Auto Owner Trust		2.430		01/15/19		5,728
			Series - 2012 C (Class D)

336

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	12,861,000		Ford Credit Floorplan Master		0.850	%	01/15/18	$	12,876
			Series - 0 1 (Class A1)
	16,190,000		Ford Credit Floorplan Master		1.880		09/15/18		16,405
			Series - 2013 5 (Class B)
	20,000,000		Ford Credit Floorplan Master		1.650		08/15/19		19,891
			Series - 2014 4 (Class B)
	13,000,000	g	GE Capital Credit Card Master Note Trust		7.820		11/15/17		13,116
			Series - 2009 4 (Class C)
	7,000,000	g	GE Capital Credit Card Master Note Trust		5.750		03/15/18		7,162
			Series - 2010 1 (Class C)
	1,060,000		GE Capital Credit Card Master Note Trust		0.950		06/15/18		1,063
			Series - 2012 5 (Class A)
	40,500,000	g	Hertz Vehicle Financing LLC		2.200		03/25/16		40,680
			Series - 2011 1A (Class A1)
	49,305,000	g	Hertz Vehicle Financing LLC		5.290		03/25/16		49,905
			Series - 2009 2A (Class A2)
	42,570,000	g	Hertz Vehicle Financing LLC		5.930		03/25/16		43,069
			Series - 0 2A (Class B2)
	14,315,000	g	Hertz Vehicle Financing LLC		3.740		02/25/17		14,790
			Series - 2010 1A (Class A2)
	31,520,000	g	Hertz Vehicle Financing LLC		5.700		02/25/17		33,150
			Series - 2010 1A (Class B2)
	5,000,000	g	Hertz Vehicle Financing LLC		1.860		08/25/17		5,008
			Series - 2013 1A (Class B1)
	100,000,000	g	HLSS Servicer Advance Receivables Backed Notes		1.244		01/17/45		100,059
			Series - 2014 T1 (Class AT1)
	14,500,000	g	Hyundai Auto Lease Securitization Trust		0.610		02/15/17		14,505
			Series - 2014 B (Class A2)
	15,000,000		Hyundai Auto Receivables Trust		1.130		09/17/18		14,916
			Series - 2013 A (Class B)
	2,788,500	i	Irwin Home Equity Corp		0.915		02/25/34		2,700
			Series - 2005 A (Class A3)
	17,198,741	g	JG Wentworth XXII LLC		3.820		12/15/48		17,996
			Series - 2010 3A (Class A)
	3,850,705	i	Lehman XS Trust		0.405		02/25/36		3,678
			Series - 2006 1 (Class 1A1)
	14,194,080		Lehman XS Trust		6.500		06/25/46		11,149
			Series - 2006 13 (Class 2A1)
	4,248,842		Louisiana Public Facilities Authority		5.750		02/01/19		4,489
			Series - 2008 ELL (Class A2)
	35,000,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		35,039
			Series - 2014 T1 (Class A1)
	15,000,000		Nissan Auto Lease Trust		0.480		09/15/16		14,995
			Series - 2014 A (Class A2A)
	45,500,000		Nissan Auto Lease Trust		0.740		10/15/18		45,540
			Series - 2013 A (Class A4)
	4,000,000	g	NYCTL Trust		1.030		11/10/27		3,999
			Series - 2014 A (Class A)
	1,346,672	i	Park Place Securities, Inc		1.100		09/25/34		1,351
			Series - 2004 WHQ1 (Class M1)
	26,660	i	Renaissance Home Equity Loan Trust		1.035		08/25/33		25
			Series - 2003 2 (Class A)

337

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	167,208	i	Residential Asset Securities Corp		6.489	%	10/25/30	$	167
			Series - 2001 KS2 (Class AI6)
	899,960	i	Residential Asset Securities Corp		0.800		04/25/35		900
			Series - 2005 KS3 (Class M3)
	2,865,489		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		2,892
			Series - 2006 HI5 (Class A3)
	1,647,008	i	Residential Funding Mortgage Securities II, Inc		5.450		08/25/34		1,701
			Series - 2005 HI1 (Class A5)
	115,955		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		116
			Series - 2006 HI3 (Class A3)
	1,510,272	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		1,525
			Series - 2006 HI1 (Class M1)
	350,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		368
			Series - 2006 HI1 (Class M2)
	8,300,000		Santander Drive Auto Receivables Trust		1.830		03/15/17		8,334
			Series - 2012 4 (Class B)
	26,597,971		Santander Drive Auto Receivables Trust		0.660		06/15/17		26,621
			Series - 2014 1 (Class A2A)
	18,990,000		Santander Drive Auto Receivables Trust		2.700		08/15/18		19,397
			Series - 2012 5 (Class C)
	6,300,000		Santander Drive Auto Receivables Trust		1.760		01/15/19		6,312
			Series - 2013 1 (Class C)
	15,000,000	g	Santander Drive Auto Receivables Trust		1.890		10/15/19		15,183
			Series - 2013 A (Class B)
	1,483,564	i	Securitized Asset Backed Receivables LLC		0.455		10/25/35		1,460
			Series - 2006 OP1 (Class A2C)
	508,999	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		509
			Series - 2013 1A (Class A)
	13,097,715	g	Sierra Receivables Funding Co LLC		2.700		10/20/30		13,073
			Series - 2013 3A (Class B)
	15,483,742	g	Sierra Receivables Funding Co LLC		2.050		06/20/31		15,386
			Series - 2014 2A (Class A)
	6,375,659	g	Sierra Receivables Funding Co LLC		2.400		06/20/31		6,345
			Series - 2014 2A (Class B)
	41,823,000	g	SLM Student Loan Trust		3.740		02/15/29		43,759
			Series - 2011 B (Class A2)
	1,500,000	g	SLM Student Loan Trust		3.830		01/17/45		1,565
			Series - 2012 A (Class A2)
	4,761,438	g	SolarCity LMC		4.590		04/20/44		4,911
			Series - 2014 1 (Class A)
	1,839,886	i	Soundview Home Equity Loan Trust		0.455		11/25/35		1,823
			Series - 2005 OPT3 (Class A4)
	56,000,000	g,h	SpringCastle America Funding LLC		2.700		05/25/23		55,994
			Series - 2014 AA (Class A)
	105,103	i	Structured Asset Investment Loan Trust		0.755		05/25/35		105
			Series - 2005 4 (Class M1)
	7,126,352	g,i	Structured Asset Securities Corp		0.375		10/25/36		6,927
			Series - 2006 GEL4 (Class A2)
	40,000,000		Toyota Auto Receivables Owner Trust		0.400		12/15/16		39,956
			Series - 2014 B (Class A2)
	13,500,000	g	Volvo Financial Equipment LLC		0.540		11/15/16		13,502
			Series - 2014 1A (Class A2)
	10,000,000	g	Volvo Financial Equipment LLC		0.740		03/15/17		10,011
			Series - 2013 1A (Class A3)

338

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	8,585,000	g	Vornado DP LLC		5.280	%	09/13/28	$	9,484
			Series - 2010 VNO (Class C)
	807,046	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		815
			Series - 2006 N1 (Class N1)
	1,502,420	g,i	Wachovia Loan Trust		0.515		05/25/35		1,426
			Series - 2005 SD1 (Class A)
	959,750	i	Wells Fargo Home Equity Trust		0.295		07/25/36		953
			Series - 2006 2 (Class A3)
	9,007,000		World Financial Network Credit Card Master Trust		5.200		04/15/19		9,251
			Series - 2010 A (Class M)
	18,900,000		World Financial Network Credit Card Master Trust		0.910		03/16/20		18,885
			Series - 2013 B (Class A)
			TOTAL ASSET BACKED						1,478,916
OTHER MORTGAGE BACKED - 3.9%
	12,500,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		13,021
			Series - 2007 1 (Class AM)
	14,549,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		15,289
			Series - 2007 1 (Class AMFX)
	13,865,000	i	Bear Stearns Commercial Mortgage Securities		6.144		09/11/42		14,981
			Series - 2007 T28 (Class AJ)
	2,500,000	i	Citigroup Commercial Mortgage Trust		5.899		12/10/49		2,713
			Series - 2007 C6 (Class AM)
	9,800,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		10,006
			Series - 2007 C3 (Class AJ)
	32,585,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		35,418
			Series - 2007 C3 (Class AM)
	15,000,000	i	COBALT CMBS Commercial Mortgage Trust		5.526		04/15/47		16,274
			Series - 2007 C2 (Class AMFX)
	2,566,317		Countrywide Alternative Loan Trust		5.500		08/25/16		2,645
			Series - 2004 30CB (Class 1A15)
	990,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		1,015
			Series - 2005 C5 (Class C)
	2,000,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		2,062
			Series - 2005 C5 (Class B)
	3,920,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.230		12/15/40		4,053
			Series - 2005 C6 (Class B)
	11,500,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		13,028
			Series - 2006 OMA (Class D)
	8,535,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		9,138
			Series - 2006 C4 (Class AM)
	11,235,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		11,604
			Series - 2009 RR1 (Class A3C)
	14,500,000	i	GS Mortgage Securities Corp II		5.622		04/10/38		15,223
			Series - 2006 GG6 (Class AM)
	5,910,000	g,i	GS Mortgage Securities Corp II		5.397		12/10/43		6,472
			Series - 2010 C2 (Class B)
	17,504,651	g	GS Mortgage Securities Trust		2.059		04/10/31		16,888
			Series - 2013 G1 (Class A1)
	4,233,557	i	HarborView Mortgage Loan Trust		0.373		07/19/47		3,715
			Series - 2007 4 (Class 2A1)
	1,950,678	i	Impac CMB Trust		0.815		03/25/35		1,799
			Series - 2004 11 (Class 2A1)

339

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	6,455,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.439	%	07/15/46	$	7,108
			Series - 2011 C4 (Class C)
	7,965,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		8,025
			Series - 2005 LDP2 (Class C)
	59,294,804		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		62,264
			Series - 2006 LDP9 (Class A1A)
	2,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		2,203
			Series - 2007 LD12 (Class AM)
	750,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		820
			Series - 2007 C6 (Class AM)
	3,675,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		3,777
			Series - 2005 C5 (Class AJ)
	12,000,000	i	Merrill Lynch Mortgage Trust		5.462		11/12/37		12,186
			Series - 2005 CKI1 (Class B)
	2,205,000	i	Merrill Lynch Mortgage Trust		6.470		02/12/51		2,453
			Series - 0 C1 (Class AJA)
	2,210,442	g,i	Merrill Lynch Mortgage Trust		6.470		02/12/51		2,458
			Series - 0 C1 (Class AJAF)
	3,550,000	g,i	Morgan Stanley Capital I		5.419		09/15/47		3,841
			Series - 2011 C1 (Class D)
	2,265,000	g,i	Morgan Stanley Capital I Trust		5.984		08/12/41		2,392
			Series - 2006 T23 (Class B)
	4,700,000	i	Morgan Stanley Capital I Trust		5.389		11/12/41		4,813
			Series - 2006 HQ10 (Class AJ)
	2,000,000	i	Morgan Stanley Capital I Trust		4.840		12/13/41		2,014
			Series - 2005 T17 (Class AJ)
	12,573,000	i	Morgan Stanley Capital I Trust		5.831		06/11/42		13,601
			Series - 2007 T27 (Class AJ)
	1,000,000	i	Morgan Stanley Capital I Trust		5.271		08/13/42		998
			Series - 2005 HQ6 (Class F)
	12,300,000	i	Morgan Stanley Capital I Trust		5.793		07/12/44		13,013
			Series - 2006 HQ9 (Class AJ)
	929,172		Residential Accredit Loans, Inc		4.350		03/25/34		952
			Series - 2004 QS4 (Class A1)
	868,370		RFMSI Trust		5.500		03/25/35		884
			Series - 2005 S2 (Class A6)
	2,100,272	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		2,136
			Series - 2012 1A (Class A)
	2,439,898	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		2,476
			Series - 0 2A (Class A)
	38,625,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		41,331
			Series - 2007 C30 (Class AM)
	32,910,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		36,053
			Series - 2007 C34 (Class AM)
	5,300,000	i	Wachovia Bank Commercial Mortgage Trust		6.146		05/15/46		5,460
			Series - 2007 C34 (Class AJ)
	7,175,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		7,797
			Series - 2007 C31 (Class AM)
	500,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		516
			Series - 2007 C31 (Class AJ)
	27,263,700	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		27,903
			Series - 2007 C32 (Class AJ)

340

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	2,794,000	i	Wachovia Bank Commercial Mortgage Trust		5.750	%	06/15/49	$	2,612
			Series - 2007 C32 (Class B)
	35,600,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		38,879
			Series - 2007 C33 (Class AM)
	7,205,902	i	WaMu Mortgage Pass-Through Certificates		0.505		12/25/45		6,719
			Series - 2005 AR19 (Class A1B3)
	4,725,000	g,i	Wells Fargo Mortgage Backed Securities Trust		5.276		11/15/43		5,224
			Series - 2010 C1 (Class B)
			TOTAL OTHER MORTGAGE BACKED						516,252
			TOTAL STRUCTURED ASSETS						1,995,168
			(Cost $1,991,667)
			TOTAL BONDS						12,898,076
			(Cost $12,711,492)
SHARES			COMPANY
PREFERRED STOCKS - 0.1%
BANKS - 0.1%
	470,597	*	Federal Home Loan Mortgage Corp						4,847
	1,527,061	*	Federal National Mortgage Association						14,049
			TOTAL BANKS						18,896
			TOTAL PREFERRED STOCKS						18,896
			(Cost $49,941)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 15.5%
COMMERCIAL PAPER - 0.2%
$	30,000,000	g	Coca-Cola Co		0.130		11/12/14		29,995
			TOTAL COMMERCIAL PAPER						29,995
GOVERNMENT AGENCY DEBT - 0.9%
	47,000,000	w	Federal Home Loan Bank (FHLB)		0.077		11/05/14		46,996
	25,000,000		FHLB		0.103		01/21/15		24,999
	38,600,000		Federal Home Loan Mortgage Corp (FHLMC)		0.079		03/16/15		38,595
			TOTAL GOVERNMENT AGENCY DEBT						110,590
TREASURY DEBT - 14.4%
	49,000,000	w	United States Treasury Bill		0.102		10/16/14		48,998
	18,500,000		United States Treasury Bill		0.030		11/06/14		18,499
	30,000,000	w	United States Treasury Bill		0.073		11/13/14		29,997
	35,000,000	w	United States Treasury Bill		0.046		11/20/14		34,998
	55,000,000	w	United States Treasury Bill		0.033-0.056		12/18/14		54,998
	75,000,000	w	United States Treasury Bill		0.050-0.100		02/05/15		74,994
	90,000,000		United States Treasury Bill		0.030		02/12/15		89,993
	149,000,000	w	United States Treasury Bill		0.083-0.110		03/05/15		148,981
	10,000,000		United States Treasury Bill		0.040		03/12/15		9,999
	18,000,000		United States Treasury Bill		0.030		03/26/15		17,998
	21,600,000	w	United States Treasury Bill		0.087-0.108		04/02/15		21,595
	312,800,000	w	United States Treasury Bill		0.078-0.100		04/30/15		312,731
	147,300,000	w	United States Treasury Bill		0.081-0.095		05/28/15		147,263

341

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	77,000,000	w	United States Treasury Bill		0.090-0.101	%	06/25/15	$	76,973
	383,100,000	w	United States Treasury Bill		0.075-0.108		07/23/15		382,928
	329,000,000	w	United States Treasury Bill		0.086-0.106		08/20/15		328,779
	84,000,000		United States Treasury Bill		0.092-0.093		09/17/15		83,920
	37,250,000	w	United States Treasury Note		2.125		05/31/15		37,758
			TOTAL TREASURY DEBT						1,921,402
			TOTAL SHORT-TERM INVESTMENTS						2,061,987
			(Cost $2,061,525)
			TOTAL INVESTMENTS - 113.3%						15,094,259
			(Cost $14,939,783)
			OTHER ASSETS & LIABILITIES, NET - (13.3)%						(1,774,710	)
			NET ASSETS - 100.0%					$	13,319,549

*	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 09/30/14 the aggregate value of these securities was $2,086,949,000, or 15.7% 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.
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.

342

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

COLLEGE RETIREMENT EQUITIES FUND

INFLATION-LINKED BOND ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

					VALUE
PRINCIPAL			ISSUER		(000)
GOVERNMENT BONDS - 99.6%
U.S. TREASURY SECURITIES - 99.6%
		k	United States Treasury Inflation Indexed Bonds
$	180,600,180		2.000%, 01/15/16	$	186,949
	370,123,031		0.125%, 04/15/16		374,402
	195,337,106		2.500%, 07/15/16		207,347
	177,224,778		2.375%, 01/15/17		189,229
	438,386,591		0.125%, 04/15/17		444,209
	145,649,252		2.625%, 07/15/17		158,792
	147,901,964		1.625%, 01/15/18		157,065
	320,129,208		0.125%, 04/15/18		322,680
	149,820,372		1.375%, 07/15/18		159,149
	147,035,250		2.125%, 01/15/19		160,625
	221,660,220		0.125%, 04/15/19		222,197
	146,175,040		1.875%, 07/15/19		159,502
	225,091,611		1.375%, 01/15/20		239,424
	291,287,942		1.250%, 07/15/20		309,266
	362,618,272		1.125%, 01/15/21		380,353
	344,403,180		0.625%, 07/15/21		351,345
	343,146,107		0.125%, 01/15/22		335,264
	400,951,350		0.125%, 07/15/22		391,398
	271,465,970		0.125%, 01/15/23		262,643
	52,212,780		0.375%, 07/15/23		51,646
	77,858,875		0.625%, 01/15/24		78,248
	30,102,000		0.125%, 07/15/24		28,900
	249,960,730		2.375%, 01/15/25		292,767
	214,061,330		2.000%, 01/15/26		243,645
	160,910,766		2.375%, 01/15/27		190,453
	198,908,523		1.750%, 01/15/28		221,395
	139,977,527		3.625%, 04/15/28		190,085
	180,770,130		2.500%, 01/15/29		220,638
	169,697,366		3.875%, 04/15/29		239,379
	55,382,060		3.375%, 04/15/32		76,955
	80,082,822		2.125%, 02/15/40		99,103
	90,735,864		2.125%, 02/15/41		112,888
	227,012,320		0.750%, 02/15/42		207,876
	118,135,920		0.625%, 02/15/43		104,292
	71,049,155		1.375%, 02/15/44		75,995
			United States Treasury Note
	40,000,000		2.500%, 05/15/24		40,025
			TOTAL U.S. TREASURY SECURITIES		7,486,129
			TOTAL GOVERNMENT BONDS		7,486,129
			(Cost $7,162,377)
			TOTAL INVESTMENTS - 99.6%		7,486,129
			(Cost $7,162,377)

343

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

				VALUE
PRINCIPAL		ISSUER		(000)
		OTHER ASSETS AND LIABILITIES, NET - 0.4%		31,917
		NET ASSETS - 100.0%	$	7,518,046
	k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
		Cost amounts are in thousands..

344

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

COLLEGE RETIREMENT EQUITIES FUND

SOCIAL CHOICE ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
BANK LOAN OBLIGATIONS - 0.2%
CONSUMER DURABLES & APPAREL - 0.0%
$	1,100,000	i	Libbey Glass, Inc		3.750	%	04/09/21	$	1,089
			TOTAL CONSUMER DURABLES & APPAREL						1,089
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	8,029,875	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		7,928
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						7,928
MEDIA - 0.0%
	3,000,000	i	Virgin Media Investment Holdings Ltd		3.500		06/05/20		2,918
			TOTAL MEDIA						2,918
UTILITIES - 0.1%
	11,404,090	i	ExGen Renewables I LLC		5.250		02/06/21		11,461
	8,500,000	h,i	TerraForm Power Operating LLC		4.750		07/23/19		8,521
			TOTAL UTILITIES						19,982
			TOTAL BANK LOAN OBLIGATIONS						31,917
			(Cost $31,886)
BONDS - 39.0%
CORPORATE BONDS - 14.1%
AUTOMOBILES & COMPONENTS - 0.2%
	10,000,000		Ford Motor Co		4.750		01/15/43		10,008
	4,500,000		Johnson Controls, Inc		2.600		12/01/16		4,650
	3,250,000		Johnson Controls, Inc		5.000		03/30/20		3,590
	6,675,000		Magna International, Inc		3.625		06/15/24		6,633
			TOTAL AUTOMOBILES & COMPONENTS						24,881
BANKS - 4.2%
	24,500,000		Bank of America Corp		1.350		11/21/16		24,533
	9,800,000	g	Bank of Nova Scotia		2.150		08/03/16		10,033
	18,500,000	e	Bank of Nova Scotia		2.125		09/11/19		18,398
	9,750,000	g,i	Bank of Tokyo-Mitsubishi UFJ Ltd		0.685		02/26/16		9,770
	19,500,000		BB&T Corp		2.150		03/22/17		19,817
	7,375,000		BB&T Corp		1.600		08/15/17		7,395
	11,500,000	i	BOKF NA		0.924		05/15/17		11,483
	8,500,000		Branch Banking & Trust Co		1.350		10/01/17		8,442
	7,000,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		7,196
	14,000,000		Capital One Bank USA NA		1.500		09/05/17		13,939
	7,000,000		Capital One Bank USA NA		1.500		03/22/18		6,895

345

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	14,000,000		Capital One Bank USA NA		2.400	%	09/05/19	$	13,853
	21,225,000		Capital One Bank USA NA		2.950		07/23/21		20,874
	6,000,000		Capital One Bank USA NA		3.375		02/15/23		5,879
	9,000,000	i	Capital One NA		0.683		03/22/16		9,022
	10,000,000	i	Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		0.714		03/18/16		10,051
	7,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		6,993
	7,025,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		7,055
	7,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		7,252
	31,500,000		Discover Bank		2.000		02/21/18		31,348
	11,000,000		Discover Bank		4.200		08/08/23		11,388
	13,255,000		First Niagara Financial Group, Inc		6.750		03/19/20		15,117
	16,175,000		HSBC Holdings plc		4.250		03/14/24		16,366
	6,350,000		HSBC Holdings plc		5.250		03/14/44		6,742
	9,750,000		HSBC USA, Inc		1.625		01/16/18		9,715
	10,000,000		Huntington Bancshares, Inc		2.600		08/02/18		10,107
	7,325,000		Huntington National Bank		1.350		08/02/16		7,361
	12,000,000		Huntington National Bank		1.375		04/24/17		11,979
	19,000,000		Intesa Sanpaolo S.p.A		2.375		01/13/17		19,211
	11,500,000	g	Intesa Sanpaolo S.p.A		5.017		06/26/24		11,205
	9,913,000		Manufacturers & Traders Trust Co		6.625		12/04/17		11,346
	13,750,000		Manufacturers & Traders Trust Co		1.450		03/07/18		13,583
	4,644,000	i	Manufacturers & Traders Trust Co		5.585		12/28/20		4,852
	6,076,000	i	Manufacturers & Traders Trust Co		5.629		12/01/21		6,304
	7,450,000	g	Mizuho Corporate Bank Ltd		1.850		03/21/18		7,440
	17,257,000		People’s United Financial, Inc		3.650		12/06/22		17,307
	9,725,000		PNC Bank NA		2.200		01/28/19		9,736
	4,150,000		PNC Bank NA		2.700		11/01/22		3,958
	8,245,000		PNC Bank NA		2.950		01/30/23		8,002
	5,000,000		PNC Funding Corp		3.625		02/08/15		5,058
	12,000,000		Regions Financial Corp		2.000		05/15/18		11,858
	10,000,000		Royal Bank of Canada		1.125		07/22/16		10,045
	11,500,000		Royal Bank of Canada		1.200		09/19/17		11,439
	9,750,000		Royal Bank of Canada		1.500		01/16/18		9,718
	10,000,000	e	Royal Bank of Canada		2.200		07/27/18		10,118
	9,750,000	g	Skandinaviska Enskilda Banken AB		1.750		03/19/18		9,708
	14,500,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		14,319
	4,610,000	i	State Street Bank and Trust Co		0.433		12/08/15		4,610
	9,783,000	e	SVB Financial Group		5.375		09/15/20		10,944
	9,250,000	g	Toronto-Dominion Bank		1.625		09/14/16		9,382
	14,500,000	i	Toronto-Dominion Bank		0.786		04/30/18		14,613
	10,250,000		US Bancorp		2.950		07/15/22		9,945
	5,000,000	g	Westpac Banking Corp		1.850		11/26/18		4,981
			TOTAL BANKS						588,685
CAPITAL GOODS - 0.6%
	2,500,000		3M Co		6.375		02/15/28		3,282
	6,700,000	e	Anixter, Inc		5.125		10/01/21		6,616
	2,500,000		Eaton Corp		4.000		11/02/32		2,473
	4,600,000		Ingersoll-Rand Global Holding Co Ltd		4.250		06/15/23		4,824
	10,000,000	e	John Deere Capital Corp		1.950		03/04/19		9,938
	3,150,000		Masco Corp		7.125		03/15/20		3,623
	5,155,000		Pall Corp		5.000		06/15/20		5,602
	15,000,000		Pentair Finance S.A.		1.350		12/01/15		15,086

346

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,980,000		Pentair Finance S.A.		2.650	%	12/01/19	$	6,934
	9,750,000		Precision Castparts Corp		0.700		12/20/15		9,767
	9,250,000		Precision Castparts Corp		2.500		01/15/23		8,842
	3,300,000		Rockwell Collins, Inc		3.100		11/15/21		3,333
	6,125,000		Rockwell Collins, Inc		3.700		12/15/23		6,346
			TOTAL CAPITAL GOODS						86,666
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	4,000,000	g,h	AECOM Technology Corp		5.750		10/15/22		4,015
	5,300,000		Air Lease Corp		2.125		01/15/18		5,260
	9,075,000		Air Lease Corp		3.875		04/01/21		9,166
	6,525,000		Air Lease Corp		4.250		09/15/24		6,419
	4,750,000		Waste Management, Inc		2.600		09/01/16		4,888
	2,730,000		Waste Management, Inc		4.600		03/01/21		3,008
	10,000,000		Waste Management, Inc		3.500		05/15/24		9,969
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						42,725
CONSUMER DURABLES & APPAREL - 0.1%
	10,825,000		Whirlpool Corp		5.150		03/01/43		11,471
			TOTAL CONSUMER DURABLES & APPAREL						11,471
CONSUMER SERVICES - 0.4%
	4,000,000		American National Red Cross		5.567		11/15/17		4,418
	20,000,000		Massachusetts Institute of Technology		3.959		07/01/38		20,286
	1,250,000		McDonald’s Corp		5.000		02/01/19		1,399
	7,550,000		Nature Conservancy		6.300		07/01/19		8,576
	5,145,000		Salvation Army		5.637		09/01/26		5,588
	2,275,000		Service Corp International		5.375		01/15/22		2,298
	13,625,000	g	Service Corp International		5.375		05/15/24		13,659
			TOTAL CONSUMER SERVICES						56,224
DIVERSIFIED FINANCIALS - 1.3%
	5,000,000	i	American Express Centurion Bank		0.684		11/13/15		5,020
	9,000,000		American Express Credit Corp		2.125		07/27/18		9,049
	5,000,000		Bank of New York Mellon Corp		3.100		01/15/15		5,040
	4,750,000		Bank of New York Mellon Corp		1.200		02/20/15		4,763
	5,000,000	e	Bank of New York Mellon Corp		2.950		06/18/15		5,091
	5,450,000	i	Bank of New York Mellon Corp		1.969		06/20/17		5,535
	15,000,000		Bank of New York Mellon Corp		1.300		01/25/18		14,821
	14,250,000	i	Bank of New York Mellon Corp		0.673		03/06/18		14,304
	2,675,000		Bank of New York Mellon Corp		5.450		05/15/19		3,044
	2,850,000		BlackRock, Inc		1.375		06/01/15		2,869
	4,000,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		4,110
	14,750,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		14,903
	9,000,000		Capital One Financial Corp		2.150		03/23/15		9,072
	9,000,000		CIT Group, Inc		3.875		02/19/19		8,842
	9,500,000	e,g	EDP Finance BV		5.250		01/14/21		9,874
	9,000,000	i	Ford Motor Credit Co LLC		1.483		05/09/16		9,124
	16,375,000		Ford Motor Credit Co LLC		2.375		01/16/18		16,526
	8,500,000		Invesco Finance plc		3.125		11/30/22		8,389
	5,000,000		John Deere Capital Corp		1.250		12/02/14		5,009
	4,600,000		John Deere Capital Corp		0.700		09/04/15		4,615
	1,200,000		Legg Mason, Inc		2.700		07/15/19		1,204

347

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,300,000		Legg Mason, Inc		3.950	%	07/15/24	$	2,321
	9,750,000	g	RCI Banque S.A.		3.500		04/03/18		10,091
	4,900,000	e	State Street Corp		1.350		05/15/18		4,814
	8,300,000		State Street Corp		3.100		05/15/23		8,050
			TOTAL DIVERSIFIED FINANCIALS						186,480
ENERGY - 0.8%
	5,000,000		Apache Corp		4.750		04/15/43		4,997
	3,000,000	g,h	California Resources Corp		6.000		11/15/24		3,083
	4,145,000		Continental Resources, Inc		5.000		09/15/22		4,373
	2,500,000		Devon Energy Corp		6.300		01/15/19		2,891
	3,000,000		EOG Resources, Inc		4.100		02/01/21		3,240
	3,000,000		Hess Corp		5.600		02/15/41		3,379
	1,526,000		Marathon Oil Corp		5.900		03/15/18		1,725
	7,450,000		Marathon Petroleum Corp		4.750		09/15/44		7,152
	3,025,000		National Oilwell Varco, Inc		1.350		12/01/17		3,012
	2,500,000		Noble Energy, Inc		8.250		03/01/19		3,091
	9,886,000		Noble Holding International Ltd		2.500		03/15/17		10,064
	2,150,000	e	Noble Holding International Ltd		3.950		03/15/22		2,094
	2,150,000	g	Northern Natural Gas Co		4.100		09/15/42		2,081
	5,000,000		Spectra Energy Capital LLC		5.650		03/01/20		5,586
	6,975,000		Statoil ASA		1.200		01/17/18		6,888
	9,000,000	i	Statoil ASA		0.524		05/15/18		9,001
	9,000,000		Statoil ASA		2.900		11/08/20		9,178
	9,500,000	e	Statoil ASA		2.650		01/15/24		9,092
	4,000,000		Statoil ASA		3.950		05/15/43		3,812
	12,150,000	g	Texas Eastern Transmission LP		2.800		10/15/22		11,552
	6,175,000		Weatherford International Ltd		4.500		04/15/22		6,429
			TOTAL ENERGY						112,720
FOOD & STAPLES RETAILING - 0.1%
	6,900,000		Kroger Co		1.200		10/17/16		6,899
	3,000,000		Kroger Co		2.200		01/15/17		3,057
	8,000,000		Kroger Co		2.300		01/15/19		8,006
	1,451,000		Safeway, Inc		3.400		12/01/16		1,465
			TOTAL FOOD & STAPLES RETAILING						19,427
FOOD, BEVERAGE & TOBACCO - 0.1%
	4,678,000		Kellogg Co		4.000		12/15/20		5,007
	12,000,000	i	Mondelez International, Inc		0.760		02/01/19		11,995
	428,000		PepsiCo, Inc		7.900		11/01/18		526
			TOTAL FOOD, BEVERAGE & TOBACCO						17,528
HEALTH CARE EQUIPMENT & SERVICES - 0.3%
	4,000,000		Becton Dickinson & Co		5.000		05/15/19		4,485
	2,000,000		Becton Dickinson & Co		6.000		05/15/39		2,504
	9,750,000		Laboratory Corp of America Holdings		2.500		11/01/18		9,796
	3,500,000		LifePoint Hospitals, Inc		5.500		12/01/21		3,544
	3,500,000		Medtronic, Inc		4.750		09/15/15		3,643
	2,500,000		Medtronic, Inc		6.500		03/15/39		3,284
	5,375,000		Owens & Minor, Inc		3.875		09/15/21		5,382
	5,000,000		Providence Health & Services		5.050		10/01/14		5,000
	5,000,000		Thermo Fisher Scientific, Inc		1.300		02/01/17		4,985
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						42,623

348

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
$	3,750,000		Clorox Co		3.800	%	11/15/21	$	3,917
	4,500,000		Colgate-Palmolive Co		2.300		05/03/22		4,343
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						8,260
INSURANCE - 0.4%
	5,000,000		Berkshire Hathaway Finance Corp		0.950		08/15/16		5,018
	10,120,000	g	Five Corners Funding Trust		4.419		11/15/23		10,592
	3,100,000		Progressive Corp		3.750		08/23/21		3,273
	19,950,000	i	Prudential Financial, Inc		5.200		03/15/44		20,087
	6,555,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		6,285
	8,687,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		8,444
	2,000,000		Travelers Cos, Inc		5.900		06/02/19		2,319
			TOTAL INSURANCE						56,018
MATERIALS - 0.6%
	4,405,000		Agrium, Inc		3.150		10/01/22		4,284
	3,335,000		Air Products & Chemicals, Inc		4.375		08/21/19		3,659
	1,000,000		Ball Corp		6.750		09/15/20		1,047
	2,275,000		Ball Corp		5.000		03/15/22		2,286
	8,930,000		Ball Corp		4.000		11/15/23		8,305
	5,750,000		Domtar Corp		4.400		04/01/22		5,855
	2,300,000		Eastman Chemical Co		5.500		11/15/19		2,602
	990,000		International Paper Co		5.300		04/01/15		1,013
	5,000,000		International Paper Co		6.000		11/15/41		5,688
	4,000,000		International Paper Co		4.800		06/15/44		3,874
	5,000,000		MeadWestvaco Corp		7.375		09/01/19		6,013
	13,000,000		Nucor Corp		4.000		08/01/23		13,315
	4,750,000		Praxair, Inc		1.050		11/07/17		4,699
	4,000,000		Praxair, Inc		2.450		02/15/22		3,882
	13,815,000		Rock Tenn Co		3.500		03/01/20		14,046
	8,000,000		Sherwin-Williams Co		1.350		12/15/17		7,970
			TOTAL MATERIALS						88,538
MEDIA - 0.2%
	3,500,000		Time Warner Cable, Inc		3.500		02/01/15		3,535
	7,225,000		Time Warner Cable, Inc		8.250		04/01/19		8,999
	5,500,000		Time Warner Cable, Inc		4.500		09/15/42		5,427
			TOTAL MEDIA						17,961
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.8%
	9,500,000	i	AbbVie, Inc		0.997		11/06/15		9,567
	11,425,000		AbbVie, Inc		1.750		11/06/17		11,386
	12,733,000		Bristol-Myers Squibb Co		3.250		08/01/42		10,658
	2,250,000		Gilead Sciences, Inc		4.400		12/01/21		2,456
	4,600,000		Johnson & Johnson		2.150		05/15/16		4,716
	15,300,000		Johnson & Johnson		4.375		12/05/33		16,696
	10,065,000		Johnson & Johnson		4.500		09/01/40		10,950
	8,080,000		Life Technologies Corp		3.500		01/15/16		8,341
	6,000,000		Mead Johnson Nutrition Co		4.600		06/01/44		6,053

349

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	5,000,000		Merck & Co, Inc		2.250	%	01/15/16	$	5,110
	9,000,000	i	Merck & Co, Inc		0.591		05/18/18		9,049
	9,545,000		Merck & Co, Inc		3.600		09/15/42		8,675
	5,750,000	g	Valeant Pharmaceuticals International, Inc		6.750		08/15/18		6,066
	4,750,000	g	Valeant Pharmaceuticals International, Inc		6.375		10/15/20		4,881
	475,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		473
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						115,077
REAL ESTATE - 0.6%
	8,907,000		Equity One, Inc		3.750		11/15/22		8,834
	1,400,000		Federal Realty Investment Trust		5.900		04/01/20		1,627
	10,100,000	e	Federal Realty Investment Trust		2.750		06/01/23		9,605
	3,400,000		Healthcare Realty Trust, Inc		5.750		01/15/21		3,786
	16,355,000		Kilroy Realty LP		3.800		01/15/23		16,380
	3,900,000		Mid-America Apartments LP		4.300		10/15/23		4,039
	9,150,000		Mid-America Apartments LP		3.750		06/15/24		9,019
	21,670,000		Regency Centers LP		3.750		06/15/24		21,620
	2,400,000		Ventas Realty LP		3.250		08/15/22		2,334
			TOTAL REAL ESTATE						77,244
RETAILING - 0.0%
	5,000,000		AutoZone, Inc		5.750		01/15/15		5,075
			TOTAL RETAILING						5,075
SOFTWARE & SERVICES - 0.2%
	5,000,000		Adobe Systems, Inc		3.250		02/01/15		5,045
	4,000,000		Xerox Corp		2.950		03/15/17		4,140
	9,000,000		Xerox Corp		2.750		03/15/19		9,069
	9,000,000		Xerox Corp		2.800		05/15/20		8,874
			TOTAL SOFTWARE & SERVICES						27,128
TECHNOLOGY HARDWARE & EQUIPMENT - 0.2%
	3,375,000		CC Holdings GS V LLC		2.381		12/15/17		3,414
	19,000,000	i	Hewlett-Packard Co		1.174		01/14/19		19,255
	5,475,000		Motorola Solutions, Inc		3.500		09/01/21		5,398
	6,100,000		Xerox Corp		3.800		05/15/24		6,014
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						34,081
TELECOMMUNICATION SERVICES - 0.3%
	3,400,000	e	CenturyLink, Inc		6.750		12/01/23		3,647
	12,825,000	g	Sprint Corp		7.250		09/15/21		13,354
	3,235,000		Sprint Nextel Corp		6.000		12/01/16		3,403
	19,000,000		Verizon Communications, Inc		1.350		06/09/17		18,903
	9,750,000		Vodafone Group plc		1.500		02/19/18		9,608
			TOTAL TELECOMMUNICATION SERVICES						48,915
TRANSPORTATION - 0.7%
	11,375,000		Burlington Northern Santa Fe LLC		3.400		09/01/24		11,216
	4,600,000		Burlington Northern Santa Fe LLC		5.050		03/01/41		4,941
	2,100,000		Burlington Northern Santa Fe LLC		4.950		09/15/41		2,257
	16,925,000		Burlington Northern Santa Fe LLC		4.550		09/01/44		16,912
	6,500,000		CSX Corp		4.100		03/15/44		6,109

350

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,545,000		GATX Corp		2.500	%	07/30/19	$	2,541
	7,250,000		GATX Corp		5.200		03/15/44		7,708
	2,500,000		Norfolk Southern Corp		5.750		01/15/16		2,654
	5,000,000		Norfolk Southern Corp		3.250		12/01/21		5,097
	12,775,000		Norfolk Southern Corp		3.000		04/01/22		12,717
	6,894,000		Norfolk Southern Corp		2.903		02/15/23		6,667
	475,000		Norfolk Southern Corp		5.590		05/17/25		556
	6,900,000		Ryder System, Inc		2.550		06/01/19		6,910
	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		1,984
	3,650,000		United Parcel Service, Inc		1.125		10/01/17		3,627
			TOTAL TRANSPORTATION						91,896
UTILITIES - 1.6%
	1,667,000		Arizona Public Service Co		5.050		09/01/41		1,887
	2,000,000		Atmos Energy Corp		8.500		03/15/19		2,508
	1,200,000		Connecticut Light & Power Co		5.500		02/01/19		1,354
	2,000,000		Connecticut Light & Power Co		5.750		03/01/37		2,432
	4,525,367		Export Lease Ten Co LLC		1.650		05/07/25		4,322
	1,324,657	g	Great River Energy		5.829		07/01/17		1,425
	3,375,000	g	International Transmission Co		4.625		08/15/43		3,717
	7,250,000		ITC Holdings Corp		5.300		07/01/43		8,170
	9,250,000	g	Narragansett Electric Co		4.170		12/10/42		8,965
	9,500,000		Nevada Power Co		5.875		01/15/15		9,650
	9,450,000		NextEra Energy Capital Holdings, Inc		2.700		09/15/19		9,550
	9,600,000	g	Niagara Mohawk Power Corp		4.278		10/01/34		9,669
	9,750,000	g	Niagara Mohawk Power Corp		4.119		11/28/42		9,592
	14,150,000		NiSource Finance Corp		4.800		02/15/44		14,396
	6,000,000		Northeast Utilities		1.450		05/01/18		5,905
	9,750,000		Northern States Power Co		2.600		05/15/23		9,364
	1,500,000		Northwest Natural Gas Co		5.620		11/21/23		1,756
	14,000,000	i	NSTAR Electric Co		0.471		05/17/16		13,989
	15,000,000		PacifiCorp		3.600		04/01/24		15,404
	13,550,000		Piedmont Natural Gas Co, Inc		4.100		09/18/34		13,780
	630,000		Public Service Co of Colorado		4.750		08/15/41		693
	5,000,000		Public Service Co of New Hampshire		3.500		11/01/23		5,158
	5,500,000		San Diego Gas & Electric Co		3.000		08/15/21		5,622
	620,000		San Diego Gas & Electric Co		6.000		06/01/39		795
	8,300,000		Sempra Energy		3.550		06/15/24		8,362
	8,875,000		Sierra Pacific Power Co		3.375		08/15/23		8,989
	10,900,000		Southern California Gas Co		3.150		09/15/24		10,856
	5,000,000	g	Texas Eastern Transmission LP		4.125		12/01/20		5,328
	17,250,000	g	Topaz Solar Farms LLC		4.875		09/30/39		17,885
	14,500,000	g	Topaz Solar Farms LLC		5.750		09/30/39		16,096
	5,000,000		Washington Gas Light Co		5.440		08/11/25		5,501
			TOTAL UTILITIES						233,120
			TOTAL CORPORATE BONDS						1,992,743
			(Cost $1,959,486)

351

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
GOVERNMENT BONDS - 22.6%
AGENCY SECURITIES - 4.4%
$	6,474,671		Cal Dive I- Title XI, Inc		4.930	%	02/01/27	$	7,132
	6,562,369		COP I LLC		3.613		12/05/21		7,007
	5,500,000		Federal Home Loan Bank (FHLB)		5.000		11/17/17		6,128
	17,166,667		FHLB		2.350		08/08/22		16,537
	5,000,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000		09/29/17		4,977
	10,000,000		Federal National Mortgage Association (FNMA)		2.625		11/20/14		10,034
	6,400,000		FNMA		1.125		04/27/17		6,432
	15,500,000		FNMA		2.625		09/06/24		15,247
	8,748,693		Gate Capital Cayman One Ltd		1.839		03/27/21		8,720
	6,309,277		Gate Capital Cayman Two		3.550		06/11/21		6,649
	1,096,000	j	Government Trust Certificate		0.000		04/01/19		993
	5,000,000	j	Government Trust Certificate		0.000		04/01/21		4,087
	19,100,000		Hashemite Kingdom of Jordan Government AID Bond		1.945		06/23/19		19,072
	33,000,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		33,243
	9,375,000	i	India Government AID Bond		0.340		02/01/27		8,946
	7,650,000		Lutheran Medical Center		1.982		02/20/30		7,183
	12,195,000		Micron Semiconductor Asia Pte Ltd		1.258		01/15/19		12,179
	4,400,000	g	Montefiore Medical Center		3.896		05/20/27		4,380
	376,820		National Credit Union Administration		1.840		10/07/20		380
	2,750,000	j	Overseas Private Investment Corp (OPIC)		0.000		04/30/15		2,790
	12,750,000	j	OPIC		0.000		11/17/16		13,493
	14,500,000	j	OPIC		0.000		11/17/16		15,043
	13,000,000	j	OPIC		0.000		11/17/17		13,082
	3,000,000	j	OPIC		0.000		04/30/18		3,143
	10,350,070		OPIC		1.030		04/15/19		10,265
	1,866,071		OPIC		1.300		06/15/19		1,845
	4,250,000	j	OPIC		0.000		11/13/19		4,268
	3,037,541		OPIC		5.142		12/15/23		3,368
	5,387,778		OPIC		2.290		09/15/26		5,368
	2,969,640		OPIC		2.040		12/15/26		2,913
	7,863,412		OPIC		4.440		02/27/27		8,692
	13,500,000		OPIC		3.280		09/15/29		13,648
	2,500,000		OPIC		2.610		04/15/30		2,342
	4,655,000		OPIC		2.930		05/15/30		4,528
	7,693,000		OPIC		3.040		05/15/30		7,635
	9,264,722		OPIC		3.540		06/15/30		9,619
	2,310,017		OPIC		2.310		11/15/30		2,132
	23,768,656		OPIC		3.370		12/15/30		24,340
	23,250,000		OPIC		3.820		12/20/32		24,167
	15,000,000		OPIC		3.938		12/20/32		15,633
	21,000,000		OPIC		3.430		06/01/33		21,494
	4,892,233		Premier Aircraft Leasing		3.576		02/06/22		5,158
	1,050,000		Private Export Funding Corp (PEFCO)		4.550		05/15/15		1,079
	9,750,000		PEFCO		2.125		07/15/16		9,995
	11,750,000		PEFCO		1.375		02/15/17		11,865
	8,000,000		PEFCO		2.250		12/15/17		8,234
	5,000,000		PEFCO		4.375		03/15/19		5,524
	14,000,000		PEFCO		1.450		08/15/19		13,663
	10,150,000		PEFCO		2.250		03/15/20		10,169
	17,500,000		PEFCO		4.300		12/15/21		19,486
	8,250,000		PEFCO		2.050		11/15/22		7,839
	2,000,000		PEFCO		2.450		07/15/24		1,899
	3,357,520		Tayarra Ltd		3.628		02/15/22		3,546

352

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,262,948		Tricahue Leasing LLC		3.503	%	11/19/21	$	3,432
	31,044,000	e	Tunisia Government AID Bonds		1.686		07/16/19		30,889
	9,250,000		Ukraine Government AID Bonds		1.844		05/16/19		9,218
	8,958,333		Ulani MSN 35940 LLC		2.227		05/16/25		8,837
	8,025,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		8,275
	1,900,000		US Department of Housing and Urban Development (HUD)		2.200		08/01/15		1,932
	5,250,000		HUD		4.330		08/01/15		5,428
	3,894,000		HUD		2.910		08/01/17		4,088
	8,000,000		HUD		4.560		08/01/17		8,720
	10,750,000		HUD		1.770		08/01/18		10,812
	5,007,000		HUD		5.380		08/01/18		5,453
	750,000		HUD		2.050		08/01/19		760
	9,500,000		HUD		4.870		08/01/19		10,755
	13,967,000		HUD		4.960		08/01/20		15,913
	13,500,000		HUD		5.050		08/01/21		15,423
	3,217,000		HUD		2.910		08/01/23		3,237
			TOTAL AGENCY SECURITIES						630,763
FOREIGN GOVERNMENT BONDS - 4.6%
	24,000,000		African Development Bank		0.750		10/18/16		23,997
	13,550,000		African Development Bank		2.375		09/23/21		13,550
	6,000,000	g	Caisse d’Amortissement de la Dette Sociale		2.000		04/17/20		5,939
	24,000,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		25,024
	6,300,000		Canada Government International Bond		0.875		02/14/17		6,290
	8,395,382	g	Carpintero Finance Ltd		2.004		09/18/24		8,201
	24,750,000		Council of Europe Development Bank		1.500		01/15/15		24,840
	14,250,000		Council of Europe Development Bank		1.000		03/07/18		14,056
	24,000,000		European Bank for Reconstruction & Development		1.625		04/10/18		24,028
	2,000,000		European Investment Bank		4.875		02/15/36		2,442
	33,225,000		Export Development Canada		0.875		01/30/17		33,220
	18,175,000		Export-Import Bank of Korea		1.750		02/27/18		18,000
	7,500,000		FMS Wertmanagement AoeR		1.125		09/05/17		7,482
	15,300,000		Hydro Quebec		2.000		06/30/16		15,640
	10,200,000		Hydro Quebec		1.375		06/19/17		10,256
	6,082,000		Hydro Quebec		8.400		01/15/22		7,953
	33,750,000		Inter-American Development Bank		1.500		09/25/18		33,659
	19,000,000	i	International Bank for Reconstruction & Development		0.172		07/22/15		18,991
	49,000,000		International Bank for Reconstruction & Development		0.375		08/24/15		49,071
	3,000,000		International Bank for Reconstruction & Development		2.000		10/20/16		3,077
	24,500,000	e	International Finance Corp		0.500		05/15/15		24,522
	24,000,000		International Finance Corp		0.500		05/16/16		23,965
	29,000,000	g,i	International Finance Facility for Immunisation		0.422		07/05/16		29,005
	2,850,000	e	Italy Government International Bond		5.375		06/12/17		3,132
	10,000,000		KFW		2.625		01/25/22		10,166
	19,000,000	g	Kommunalbanken AS.		0.750		11/21/16		18,980
	7,500,000	g	National Bank of Canada		2.200		10/19/16		7,690
	13,500,000		North American Development Bank		2.300		10/10/18		13,623
	24,575,000		North American Development Bank		2.400		10/26/22		23,366
	17,500,000	g	Province of Alberta Canada		1.000		06/21/17		17,478
	4,000,000		Province of British Columbia Canada		2.850		06/15/15		4,073
	5,000,000		Province of British Columbia Canada		1.200		04/25/17		5,020
	15,250,000	e	Province of Manitoba Canada		1.750		05/30/19		15,110
	15,000,000		Province of Manitoba Canada		2.100		09/06/22		14,388

353

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	12,700,000		Province of Manitoba Canada		3.050	%	05/14/24	$	12,815
	10,000,000		Province of New Brunswick Canada		2.750		06/15/18		10,396
	5,000,000		Province of Nova Scotia Canada		2.375		07/21/15		5,083
	8,100,000		Province of Ontario Canada		2.950		02/05/15		8,175
	9,450,000		Province of Ontario Canada		2.700		06/16/15		9,613
	15,000,000		Province of Ontario Canada		2.300		05/10/16		15,402
	9,500,000		Province of Ontario Canada		1.200		02/14/18		9,395
	5,000,000	e	Province of Ontario Canada		4.400		04/14/20		5,541
	10,000,000		Province of Quebec Canada		3.500		07/29/20		10,648
	5,000,000		Province of Quebec Canada		7.500		09/15/29		7,083
			TOTAL FOREIGN GOVERNMENT BONDS						650,385
MORTGAGE BACKED - 8.2%
	1,114,717	i	Federal Home Loan Mortgage Corp (FHLMC)		2.380		02/01/36		1,196
	2,800,692	i	FHLMC		2.314		07/01/36		2,991
	3,476,581	i	FHLMC		2.260		09/01/36		3,702
	651,305	i	FHLMC		2.366		09/01/36		692
	569,542	i	FHLMC		2.510		02/01/37		613
	2,744,881	i	FHLMC		2.422		03/01/37		2,939
	1,211,093	i	FHLMC		6.038		04/01/37		1,296
	1,368,189	i	FHLMC		2.618		08/01/37		1,425
	2,421,710	i	FHLMC		1.676		09/01/37		2,532
	11,274,124		FHLMC		3.500		04/15/40		11,781
	6,452,559		FHLMC		4.000		03/15/44		6,801
	48,851		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		51
	117,853		FGLMC		6.000		12/01/17		125
	1,681,039		FGLMC		4.500		01/01/19		1,786
	607,040		FGLMC		5.500		01/01/19		648
	585,912		FGLMC		5.000		02/01/19		620
	242,375		FGLMC		4.500		01/01/20		256
	76,360		FGLMC		4.500		07/01/20		82
	96,404		FGLMC		7.000		10/01/20		104
	556,402		FGLMC		4.500		06/01/21		595
	1,894,394		FGLMC		4.500		06/01/21		2,028
	322,295		FGLMC		4.500		03/01/23		346
	238,263		FGLMC		5.000		04/01/23		259
	8,923		FGLMC		7.000		05/01/23		10
	862,076		FGLMC		4.000		07/01/24		914
	289,498		FGLMC		4.500		09/01/24		313
	25,746		FGLMC		8.000		01/01/31		30
	681,208		FGLMC		4.500		07/01/33		737
	1,152,712		FGLMC		5.500		09/01/33		1,298
	1,144,019		FGLMC		5.500		09/01/33		1,284
	1,759,288		FGLMC		5.500		12/01/33		1,974
	4,055,069		FGLMC		7.000		12/01/33		4,745
	1,435,453		FGLMC		7.000		05/01/35		1,646
	217,272		FGLMC		5.000		02/01/36		240
	13,279		FGLMC		6.500		05/01/36		15
	1,047,825		FGLMC		5.000		07/01/39		1,156
	4,063,842		FGLMC		4.500		11/01/40		4,451
	4,673,829		FGLMC		4.500		12/01/40		5,105
	7,000,000	h	FGLMC		3.500		10/15/44		7,145
	8,000,000	h	FGLMC		4.000		10/15/44		8,422

354

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	5,000,000	h	FGLMC		4.000	%	11/15/44	$	5,248
	150		Federal National Mortgage Association (FNMA)		8.500		11/01/14		0	^
	23,957		FNMA		6.500		10/01/16		25
	162,110		FNMA		6.500		04/01/17		170
	58,892		FNMA		6.500		02/01/18		62
	1,324,959		FNMA		5.500		11/01/18		1,416
	926,921		FNMA		5.000		12/01/18		988
	873,463		FNMA		5.000		01/01/19		930
	29,828		FNMA		4.500		03/01/19		32
	121,040		FNMA		4.500		11/01/20		128
	846,624		FNMA		5.500		08/01/21		927
	312,094		FNMA		4.500		03/01/23		335
	13,655		FNMA		8.000		03/01/23		14
	902,911		FNMA		5.000		07/01/23		977
	507,450		FNMA		4.000		05/01/24		541
	37,878		FNMA		8.000		07/01/24		45
	712,559		FNMA		4.500		08/01/24		760
	2,845,425		FNMA		4.000		09/01/24		3,037
	5,494,914		FNMA		3.000		05/01/27		5,683
	18,000,000	h	FNMA		3.000		10/25/29		18,540
	17,000,000	h	FNMA		3.500		10/25/29		17,870
	19,000,000	h	FNMA		2.500		11/25/29		19,062
	10,000,000	h	FNMA		3.000		11/25/29		10,277
	8,000,000	h	FNMA		3.500		11/25/29		8,392
	548,161		FNMA		6.500		07/01/32		631
	536,794		FNMA		4.500		03/25/33		554
	5,678,777		FNMA		3.000		10/01/33		5,766
	656,966		FNMA		5.000		11/01/33		725
	86,207		FNMA		7.000		01/01/34		94
	2,732,479		FNMA		5.500		03/01/34		3,066
	3,846,384		FNMA		3.500		03/25/34		3,913
	35,325		FNMA		7.500		06/01/35		39
	409,206	i	FNMA		2.261		02/01/36		441
	747,033	i	FNMA		2.129		07/01/36		804
	3,074,758	i	FNMA		2.367		01/01/37		3,292
	1,014,280		FNMA		6.000		09/01/37		1,162
	923,742		FNMA		6.000		09/01/37		1,068
	288,246		FNMA		6.500		09/01/37		326
	464,158	i	FNMA		2.400		10/01/37		501
	1,138,651		FNMA		5.500		01/01/38		1,275
	2,372,893		FNMA		5.500		01/01/38		2,640
	18,709		FNMA		6.500		02/01/38		21
	2,459,125		FNMA		5.500		04/01/38		2,736
	1,869,016		FNMA		5.500		06/01/38		2,080
	551,629	i	FNMA		2.008		10/01/38		590
	7,501,924		FNMA		5.500		12/01/38		8,486
	7,511,746		FNMA		4.000		02/01/39		7,941
	456,985	h	FNMA		4.000		07/01/39		483
	10,595,815		FNMA		3.500		07/25/39		11,071
	2,459,194		FNMA		5.500		08/01/39		2,768
	1,034,321		FNMA		4.500		10/01/39		1,118
	693,089		FNMA		5.500		11/01/39		771

355

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,112,476	FNMA		4.500	%	06/01/40	$	1,204
	909,399	FNMA		5.000		08/01/40		1,004
	4,588,586	FNMA		5.000		09/01/40		5,068
	890,550	FNMA		4.500		10/01/40		966
	1,041,746	FNMA		3.500		11/01/40		1,066
	1,816,354	FNMA		4.500		11/01/40		1,961
	2,463,976	FNMA		4.500		11/01/40		2,665
	33,251,051	FNMA		4.500		12/25/40		35,648
	898,806	FNMA		3.500		01/01/41		921
	424,086	FNMA		3.500		02/01/41		435
	6,657,425	FNMA		3.500		03/01/41		6,814
	6,130,839	FNMA		5.000		05/01/41		6,781
	1,328,030	FNMA		5.000		06/01/41		1,471
	1,592,626	FNMA		3.500		11/01/41		1,631
	1,873,047	FNMA		3.500		11/01/41		1,918
	18,914,795	FNMA		5.500		12/01/41		21,489
	3,915,520	FNMA		4.500		04/01/42		4,234
	12,560,453	FNMA		4.000		09/01/42		13,279
	12,430,720	FNMA		3.000		10/01/42		12,287
	219,896	FNMA		3.000		10/01/42		217
	226,785	FNMA		3.000		10/01/42		224
	573,703	FNMA		3.000		11/01/42		567
	324,630	FNMA		3.000		12/01/42		320
	39,122	FNMA		3.000		12/01/42		39
	9,268,571	FNMA		3.000		01/01/43		9,158
	4,305,912	FNMA		3.000		01/01/43		4,256
	2,227,324	FNMA		3.500		01/01/43		2,281
	614,018	FNMA		3.000		02/01/43		607
	11,750,418	FNMA		3.000		02/01/43		11,609
	5,470,510	FNMA		3.000		02/01/43		5,405
	142,682	FNMA		3.000		02/01/43		141
	3,362,111	FNMA		3.500		02/01/43		3,458
	752,040	FNMA		3.000		03/01/43		743
	260,952	FNMA		3.000		03/01/43		258
	139,896	FNMA		3.000		03/01/43		138
	154,436	FNMA		3.000		03/01/43		152
	217,765	FNMA		3.000		04/01/43		215
	15,126	FNMA		3.000		04/01/43		15
	165,054	FNMA		3.000		04/01/43		163
	72,715	FNMA		3.000		04/01/43		72
	154,799	FNMA		3.000		04/01/43		153
	200,400	FNMA		3.000		04/01/43		198
	351,720	FNMA		3.000		04/01/43		347
	54,954	FNMA		3.000		04/01/43		54
	326,500	FNMA		3.000		04/01/43		322
	5,425,085	FNMA		3.000		05/01/43		5,381
	5,048,817	FNMA		3.000		05/01/43		4,986
	893,232	FNMA		3.500		05/01/43		919
	528,334	FNMA		3.500		05/01/43		543
	887,855	FNMA		3.500		06/01/43		913
	1,113,562	FNMA		3.500		06/01/43		1,145
	435,189	FNMA		3.500		06/01/43		448
	2,349,354	FNMA		3.500		06/01/43		2,416

356

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,157,338		FNMA		3.500	%	06/01/43	$	1,190
	534,197		FNMA		3.500		06/01/43		549
	2,801,451		FNMA		4.000		06/01/43		2,961
	1,488,945		FNMA		3.500		07/01/43		1,531
	3,143,856		FNMA		3.500		07/01/43		3,233
	14,693,599		FNMA		4.000		11/01/43		15,606
	680,990		FNMA		4.000		12/01/43		720
	3,682,818	h	FNMA		4.000		01/01/44		3,893
	293,950		FNMA		4.000		02/01/44		311
	4,276,812		FNMA		4.000		02/01/44		4,521
	769,362		FNMA		4.000		02/01/44		813
	3,385,678		FNMA		4.000		02/25/44		3,574
	890,067		FNMA		4.000		03/01/44		941
	77,305		FNMA		4.000		03/01/44		82
	5,518,533		FNMA		4.000		04/01/44		5,834
	1,792,104	h	FNMA		4.000		04/01/44		1,895
	1,183,316		FNMA		4.000		04/01/44		1,251
	5,181,723	h	FNMA		4.000		05/01/44		5,478
	128,840		FNMA		4.500		05/01/44		141
	2,649,444		FNMA		4.000		06/01/44		2,801
	3,559,431	h	FNMA		4.000		06/01/44		3,763
	13,438,904		FNMA		4.500		06/01/44		14,707
	1,464,564		FNMA		4.500		06/01/44		1,603
	7,350,514		FNMA		4.500		06/01/44		8,072
	2,573,950		FNMA		4.500		06/01/44		2,817
	11,105,000		FNMA		4.500		06/25/44		12,268
	984,300	h	FNMA		4.000		07/01/44		1,041
	2,457,285		FNMA		4.000		07/01/44		2,598
	3,718,911	h	FNMA		4.000		08/01/44		3,931
	2,978,641	h	FNMA		4.000		08/01/44		3,149
	3,002,547		FNMA		4.000		08/01/44		3,174
	3,048,169		FNMA		4.500		08/01/44		3,336
	718,629	h	FNMA		4.000		09/01/44		760
	2,332,726		FNMA		4.500		09/01/44		2,553
	4,520,675	h	FNMA		4.000		10/01/44		4,779
	2,827,429		FNMA		4.500		10/01/44		3,094
	22,000,000	h	FNMA		3.000		10/25/44		21,687
	50,000,000	h	FNMA		3.500		10/25/44		51,105
	43,000,000	h	FNMA		4.000		10/25/44		45,314
	7,000,000	h	FNMA		4.500		10/25/44		7,552
	22,000,000	h	FNMA		5.000		10/25/44		24,274
	43,000,000	h	FNMA		3.000		11/25/44		42,269
	69,000,000	h	FNMA		3.500		11/25/44		70,321
	26,000,000	h	FNMA		4.000		11/25/44		27,318
	20,000,000	h	FNMA		4.500		11/25/44		21,523
	30,000,000	h	FNMA		5.000		11/25/44		33,031
	3,000,000	h	FNMA		5.500		11/25/44		3,335
	15,795		Government National Mortgage Association (GNMA)		9.000		12/15/17		17
	4,785,587		GNMA		2.300		10/15/19		4,873
	10,432		GNMA		8.000		06/15/22		11
	9,081		GNMA		6.500		08/15/23		10
	23,536		GNMA		6.500		08/15/23		27

357

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	7,536,485		GNMA		2.580	%	08/15/25	$	7,643
	114,697		GNMA		6.500		05/20/31		134
	9,374,853		GNMA		2.640		01/15/33		9,161
	323,869		GNMA		5.500		07/15/33		363
	177,790		GNMA		6.000		10/20/36		203
	186,400		GNMA		6.000		01/20/37		213
	652,353		GNMA		5.500		02/15/37		728
	987,425		GNMA		6.000		02/20/37		1,126
	486,492		GNMA		5.000		04/15/38		535
	346,980		GNMA		6.000		08/20/38		391
	695,688		GNMA		6.500		11/20/38		785
	655,868		GNMA		5.000		07/20/39		729
	4,613,824		GNMA		4.500		09/20/39		5,064
	4,777,461		GNMA		3.500		07/15/43		4,968
	2,443,128		GNMA		5.000		02/20/44		2,698
	2,108,361		GNMA		5.000		03/20/44		2,329
	2,940,957		GNMA		4.500		06/20/44		3,196
	31,000,000	h	GNMA		3.000		10/15/44		31,211
	20,000,000	h	GNMA		3.000		10/20/44		20,127
	88,000,000	h	GNMA		3.500		10/20/44		90,929
	38,000,000	h	GNMA		4.000		10/20/44		40,271
	35,000,000	h	GNMA		4.500		10/20/44		37,959
	3,000,000	h	GNMA		5.000		10/20/44		3,300
			TOTAL MORTGAGE BACKED						1,166,579
MUNICIPAL BONDS - 3.1%
	4,500,000	g	Basin Electric Power Coop		6.127		06/01/41		5,064
	1,090,000		Bay Area Water Supply & Conservation Agency		1.311		10/01/17		1,081
	3,790,000		Bay Area Water Supply & Conservation Agency		2.535		10/01/21		3,705
	2,635,000		Bay Area Water Supply & Conservation Agency		3.015		10/01/24		2,543
	1,410,000		Broward County FL Water & Sewer Utility Revenue		1.910		10/01/18		1,413
	6,165,000	g	California Pollution Control Financing Authority		5.000		07/01/27		6,446
	8,020,000	g	California Pollution Control Financing Authority		5.000		07/01/37		8,253
	2,500,000	g	California Pollution Control Financing Authority		5.000		11/21/45		2,568
	3,700,000		Calleguas Municipal Water District		2.030		07/01/18		3,682
	1,225,000		Charlotte-Mecklenburg Hospital Authority		5.000		08/01/15		1,241
	2,300,000		Chelan County Public Utility District No		1.867		07/01/15		2,325
	5,000,000		Chicago Metropolitan Water Reclamation District-Greater Chicago		5.720		12/01/38		5,993
	1,250,000		City & County of Honolulu, HI		6.114		07/01/29		1,415
	7,130,000		City of Beaumont TX Waterworks & Sewer System Revenue		1.650		09/01/18		7,098
	4,000,000		City of Dallas, TX		5.078		02/15/22		4,545
	1,500,000		City of Dallas, TX		5.195		02/15/35		1,685
	760,000		City of Eugene, OR		6.320		08/01/22		889
	12,500,000		City of Houston TX Utility System Revenue		2.563		05/15/20		12,659
	10,095,000		City of Houston TX Utility System Revenue		2.923		05/15/21		10,225
	1,615,000		City of Jersey City NJ		1.192		09/01/15		1,616
	2,200,000		City of Jersey City NJ		1.509		09/01/16		2,192
	2,180,000		City of Jersey City NJ		1.829		09/01/17		2,169
	500,000		City of Jersey City NJ		2.079		09/01/18		494
	925,000		City of Jersey City NJ		2.423		09/01/19		912
	1,000,000		Commonwealth Financing Authority		2.675		06/01/21		983

358

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,150,000		Commonwealth Financing Authority		2.875	%	06/01/22	$	1,146
	2,310,000		Commonwealth Financing Authority		3.075		06/01/23		2,241
	24,000,000		Commonwealth of Massachusetts		5.000		08/01/33		27,695
	5,000,000		Commonwealth of Massachusetts		5.456		12/01/39		6,036
	1,105,000		County of Mercer, NJ		5.380		02/01/17		1,149
	4,000,000		Dallas County Hospital District		5.621		08/15/44		4,910
	23,500,000		District of Columbia Water & Sewer Authority		4.814		10/01/14		24,555
	1,680,000		Douglas County Public Utility District No 1 Wells Hydroelectric		5.112		09/01/18		1,763
	4,635,000		Fiscal Year 2005 Securitization Corp		4.760		08/15/19		5,025
	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		9,784
	15,630,000	j	Garden State Preservation Trust		0.000		11/01/22		12,686
	1,000,000		Grant County Public Utility District No 2		5.470		01/01/34		1,088
	1,250,000		Grant County Public Utility District No 2		4.164		01/01/35		1,236
	4,135,000		Greene County OH		2.720		12/01/21		4,092
	4,365,000		Greene County OH		3.120		12/01/23		4,286
	4,615,000		Greene County OH		3.270		12/01/24		4,505
	4,755,000		Greene County OH		3.420		12/01/25		4,681
	1,800,000		Guadalupe Valley Electric Coop, Inc		5.671		10/01/32		1,693
	975,000		Guadalupe-Blanco River Authority Industrial Development Corp		3.287		04/15/23		966
	8,500,000		Harris County Flood Control District		0.637		10/01/16		8,471
	5,750,000		Harris County Flood Control District		1.229		10/01/17		5,731
	1,350,000		Kansas Development Finance Authority		4.722		05/01/15		1,376
	785,000		Massachusetts Housing Finance Agency		1.306		06/01/16		787
	425,000		Massachusetts Housing Finance Agency		1.776		06/01/17		425
	5,310,000		Massachusetts Housing Finance Agency		4.782		12/01/20		5,714
	5,400,000		Massachusetts St. Water Pollution Abatement		5.192		08/01/40		6,169
	3,500,000		Metropolitan Council		1.750		09/01/20		3,404
	3,000,000		Metropolitan Washington Airports Authority		5.690		10/01/30		3,087
	5,000,000		Metropolitan Water District of Southern California		6.250		07/01/39		5,635
	750,000		Metropolitan Water Reclamation District of Greater Chicago		2.229		12/01/16		764
	1,590,000		Michigan Finance Authority		5.000		07/01/16		1,694
	8,000,000		Michigan Finance Authority		5.000		07/01/22		9,140
	8,945,000		Michigan Finance Authority		5.000		07/01/22		10,219
	500,000		Michigan Finance Authority		5.000		07/01/22		569
	515,000		Michigan Finance Authority		5.000		07/01/29		559
	2,500,000		Michigan Finance Authority		5.000		07/01/30		2,702
	2,000,000		Michigan Finance Authority		5.000		07/01/31		2,153
	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		1,602
	1,285,000		New York State Energy Research & Development Authority		2.772		07/01/20		1,307
	1,590,000		New York State Energy Research & Development Authority		3.206		07/01/22		1,628
	1,000,000		New York State Environmental Facilities Corp		1.755		06/15/18		990
	1,200,000		New York State Environmental Facilities Corp		2.005		06/15/19		1,185
	1,220,000		New York State Environmental Facilities Corp		2.595		06/15/21		1,204
	1,255,000		New York State Environmental Facilities Corp		3.045		06/15/24		1,220
	1,225,000		New York State Environmental Facilities Corp		3.195		06/15/25		1,199
	500,000		New York State Environmental Facilities Corp		3.684		12/15/29		487
	800,000		New York State Environmental Facilities Corp		5.807		06/15/39		970
	3,000,000		New York State Urban Development Corp		6.500		12/15/18		3,362
	270,000		Newport News Economic Development Authority		5.640		01/15/29		278

359

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,230,000		Newport News Economic Development Authority		5.640	%	01/15/29	$	2,353
	1,250,000		Niagara Area Development Corp		4.000		11/01/24		1,259
	4,750,000		Northern California Power Agency		4.320		07/01/24		4,715
	2,450,000		Ohio State Water Development Authority		4.879		12/01/34		2,731
	635,000		Oklahoma Water Resources Board		2.444		04/01/20		642
	700,000		Oklahoma Water Resources Board		3.071		04/01/22		713
	715,000		Pend Oreille County Public Utility District No Box Canyon		1.406		01/01/15		715
	1,220,000		Pend Oreille County Public Utility District No Box Canyon		1.987		01/01/16		1,221
	1,000,000		Pend Oreille County Public Utility District No Box Canyon		2.417		01/01/17		1,005
	1,000,000		Pend Oreille County Public Utility District No Box Canyon		2.787		01/01/18		1,006
	1,000,000		Pend Oreille County Public Utility District No Box Canyon		3.037		01/01/19		1,001
	1,070,000		Pend Oreille County Public Utility District No Box Canyon		3.621		01/01/21		1,075
	1,750,000		South Dakota Conservancy District		1.013		08/01/16		1,753
	3,330,000		South Dakota Conservancy District		1.648		08/01/18		3,310
	3,975,000		State of California		1.050		02/01/16		3,994
	38,830,000	h	State of California		3.750		10/01/37		38,534
	7,050,000		State of California		4.988		04/01/39		7,408
	5,000,000		State of Connecticut		5.090		10/01/30		5,638
	5,570,000		State of Illinois		4.350		06/01/18		5,808
	9,000,000		State of Illinois		5.520		04/01/38		8,866
	5,000,000		State of Michigan		2.302		11/01/14		5,009
	4,505,000		State of Michigan		3.375		12/01/20		4,729
	4,405,000		State of Michigan		3.590		12/01/26		4,428
	2,500,000		State of Ohio		5.412		09/01/28		2,951
	3,265,000		State of Texas		4.900		08/01/20		3,357
	5,000,000		State of Texas		6.072		10/01/29		5,835
	2,590,000		State of Washington		5.050		01/01/18		2,599
	1,033,000		State of Wisconsin		5.700		05/01/26		1,218
	5,000,000		Tuolumne Wind Project Authority		6.918		01/01/34		5,709
	6,500,000	i	University of California		0.657		07/01/41		6,524
	1,000,000		Washington County Clean Water Services		5.078		10/01/24		1,152
	600,000		West Virginia Water Development Authority		5.000		11/01/21		708
	1,345,000		West Virginia Water Development Authority		5.000		11/01/22		1,591
	1,000,000		West Virginia Water Development Authority		5.000		11/01/23		1,189
			TOTAL MUNICIPAL BONDS						437,133
U.S. TREASURY SECURITIES - 2.3%
	6,000,000		United States Treasury Bond		3.125		02/15/43		5,912
	95,505,000		United States Treasury Bond		2.875		05/15/43		89,461
	19,450,000		United States Treasury Bond		3.375		05/15/44		20,082
	3,631,000		United States Treasury Note		2.500		04/30/15		3,682
	7,565,000		United States Treasury Note		0.250		12/31/15		7,568
	6,000,000		United States Treasury Note		0.625		07/15/16		6,014
	15,850,000		United States Treasury Note		0.500		07/31/16		15,852
	13,710,000		United States Treasury Note		1.000		09/15/17		13,689
	4,230,000		United States Treasury Note		1.625		04/30/19		4,214
	104,880,000		United States Treasury Note		1.625		06/30/19		104,323
	6,170,000		United States Treasury Note		1.625		08/31/19		6,128
	2,000,000		United States Treasury Note		2.000		08/31/21		1,973
	12,234,500		United States Treasury Note		1.625		11/15/22		11,562
	34,254,000		United States Treasury Note		2.375		08/15/24		33,858
			TOTAL U.S. TREASURY SECURITIES						324,318
			TOTAL GOVERNMENT BONDS						3,209,178
			(Cost $3,158,787)

360

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
STRUCTURED ASSETS - 2.3%
ASSET BACKED - 1.6%
$	15,596,141	g	Alterna Funding I LLC		1.639	%	02/15/21	$	15,557
			Series - 2014 1A (Class NOTE)
	1,500,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		1,499
			Series - 2013 1 (Class C)
	3,750,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		3,837
			Series - 2010 3A (Class B)
	4,500,000	g	Avis Budget Rental Car Funding AESOP LLC		5.110		03/20/17		4,721
			Series - 2010 5A (Class B)
	4,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		4,247
			Series - 2011 5A (Class B)
	595,306	i	Bear Stearns Asset Backed Securities Trust		0.895		11/25/39		588
			Series - 2005 SD3 (Class 2A1)
	12,000,000		Capital Auto Receivables Asset Trust		1.180		12/20/17		12,007
			Series - 2014 3 (Class A2)
	900,000		Capital Auto Receivables Asset Trust		1.290		04/20/18		900
			Series - 2013 1 (Class B)
	975,000		Capital Auto Receivables Asset Trust		1.740		10/22/18		975
			Series - 2013 1 (Class C)
	3,501,139	i	Chase Funding Loan Acquisition Trust		1.010		06/25/34		3,234
			Series - 2004 OPT1 (Class M1)
	215,029	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		215
			Series - 2007 MX1 (Class A1)
	1,715,000	g,i	DB/UBS Mortgage Trust		5.730		11/10/46		1,912
			Series - 2011 LC1A (Class C)
	12,561,250	g	Dominos Pizza Master Issuer LLC		5.216		01/25/42		13,267
			Series - 2012 1A (Class A2)
	1,500,000		Ford Credit Auto Owner Trust		3.210		07/15/17		1,526
			Series - 2011 A (Class D)
	500,000	g	Hertz Vehicle Financing LLC		6.440		02/25/19		559
			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)
	1,853,956	i	Lehman XS Trust		0.405		02/25/36		1,771
			Series - 2006 1 (Class 1A1)
	5,057,661		Lehman XS Trust		6.500		06/25/46		3,973
			Series - 2006 13 (Class 2A1)
	7,250,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		7,258
			Series - 2014 T1 (Class A1)
	625,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		2.266		03/15/45		625
			Series - 2014 T1 (Class D1)
	1,419,373	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.675		01/25/36		1,411
			Series - 2005 WCH1 (Class M2)

361

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	437,441	i	Residential Asset Mortgage Products, Inc		5.470	%	09/25/33	$	452
			Series - 2003 RZ5 (Class A7)
	316,114	i	Residential Asset Securities Corp		0.800		04/25/35		316
			Series - 2005 KS3 (Class M3)
	1,910,326		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		1,928
			Series - 2006 HI5 (Class A3)
	110,108		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		110
			Series - 2006 HI3 (Class A3)
	1,208,217	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		1,220
			Series - 2006 HI1 (Class M1)
	200,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		211
			Series - 2006 HI1 (Class M2)
	3,800,000		Santander Drive Auto Receivables Trust		1.760		01/15/19		3,808
			Series - 2013 1 (Class C)
	557,604	i	Securitized Asset Backed Receivables LLC		0.455		10/25/35		549
			Series - 2006 OP1 (Class A2C)
	2,361,324	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		2,411
			Series - 2012 2A (Class B)
	1,832,397	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		1,834
			Series - 2013 1A (Class A)
	10,045,000	g	SLM Student Loan Trust		3.740		02/15/29		10,510
			Series - 2011 B (Class A2)
	6,836,937	g	SolarCity LMC		4.590		04/20/44		7,052
			Series - 2014 1 (Class A)
	30,500,000	g	SolarCity LMC		4.020		07/20/44		30,433
			Series - 2014 2 (Class A)
	662,359	i	Soundview Home Equity Loan Trust		0.455		11/25/35		656
			Series - 2005 OPT3 (Class A4)
	16,500,000	g,h	SpringCastle America Funding LLC		2.700		05/25/23		16,498
			Series - 2014 AA (Class A)
	67,529	i	Structured Asset Investment Loan Trust		0.755		05/25/35		67
			Series - 2005 4 (Class M1)
	1,598,016	g,i	Structured Asset Securities Corp		0.375		10/25/36		1,553
			Series - 2006 GEL4 (Class A2)
	24,000,000		Toyota Auto Receivables Owner Trust		0.410		08/15/16		24,015
			Series - 2014 A (Class A2)
	24,000,000		Toyota Auto Receivables Owner Trust		0.670		12/15/17		23,971
			Series - 2014 A (Class A3)
	2,750,000	g	Vornado DP LLC		5.280		09/13/28		3,038
			Series - 2010 VNO (Class C)
	590,521	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		596
			Series - 2006 N1 (Class N1)
	779,033	g,i	Wachovia Loan Trust		0.515		05/25/35		739
			Series - 2005 SD1 (Class A)
	314,245	i	Wells Fargo Home Equity Trust Series - 2006 2 (Class A3)		0.295		07/25/36		312
			TOTAL ASSET BACKED						224,168
OTHER MORTGAGE BACKED - 0.7%
	3,050,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		3,177
			Series - 2007 1 (Class AM)
	5,416,386	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		5,692
			Series - 2007 1 (Class AMFX)

362

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,590,000	i	Bear Stearns Commercial Mortgage Securities		6.144	%	09/11/42	$	2,799
			Series - 2007 T28 (Class AJ)
	1,225,000	i	Citigroup Commercial Mortgage Trust		5.975		03/15/49		1,283
			Series - 2006 C4 (Class AJ)
	2,575,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		2,799
			Series - 2007 C3 (Class AM)
	2,750,000	i	COBALT CMBS Commercial Mortgage Trust		5.526		04/15/47		2,984
			Series - 2007 C2 (Class AMFX)
	1,257,548		Countrywide Alternative Loan Trust		5.500		08/25/16		1,296
			Series - 2004 30CB (Class 1A15)
	612,798		Countrywide Home Loan Mortgage Pass Through Trust		4.750		09/25/18		627
			Series - 2003 35 (Class 1A1)
	280,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		287
			Series - 2005 C5 (Class C)
	3,500,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.230		12/15/40		3,619
			Series - 2005 C6 (Class B)
	3,550,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		4,022
			Series - 2006 OMA (Class D)
	3,930,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		4,208
			Series - 2006 C4 (Class AM)
	3,500,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		3,615
			Series - 2009 RR1 (Class A3C)
	994,426	g,i	Credit Suisse Seasoned Loan Trust 2006-		0.395		10/25/34		979
			Series - 2006 1 (Class A)
	2,535,000	g,i	GS Mortgage Securities Corp II		5.397		12/10/43		2,776
			Series - 2010 C2 (Class B)
	1,485,655	i	HarborView Mortgage Loan Trust		0.373		07/19/47		1,304
			Series - 2007 4 (Class 2A1)
	938,984	i	Impac CMB Trust		0.815		03/25/35		866
			Series - 2004 11 (Class 2A1)
	2,125,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.439		07/15/46		2,340
			Series - 2011 C4 (Class C)
	3,780,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		3,808
			Series - 2005 LDP2 (Class C)
	11,858,961		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		12,452
			Series - 2006 LDP9 (Class A1A)
	8,029,215	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		8,843
			Series - 2007 LD12 (Class AM)
	750,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		820
			Series - 2007 C6 (Class AM)
	275,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		283
			Series - 2005 C5 (Class AJ)
	645,000	i	Merrill Lynch Mortgage Trust		6.470		02/12/51		718
			Series - 0 C1 (Class AJA)
	710,000	g,i	Morgan Stanley Capital I		5.419		09/15/47		768
			Series - 2011 C1 (Class D)
	855,000	g,i	Morgan Stanley Capital I Trust		5.984		08/12/41		903
			Series - 2006 T23 (Class B)
	1,500,000	i	Morgan Stanley Capital I Trust		5.831		06/11/42		1,623
			Series - 2007 T27 (Class AJ)
	1,000,000	i	Morgan Stanley Capital I Trust		5.271		08/13/42		998
			Series - 2005 HQ6 (Class F)
	2,750,000	g	OBP Depositor LLC Trust		4.646		07/15/45		3,031
			Series - 2010 OBP (Class A)

363

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	460,180		Residential Accredit Loans, Inc		4.350	%	03/25/34	$	471
			Series - 2004 QS4 (Class A1)
	311,722		RFMSI Trust		5.500		03/25/35		317
			Series - 2005 S2 (Class A6)
	924,522	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		940
			Series - 2012 1A (Class A)
	787,884	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		799
			Series - 0 2A (Class A)
	4,585,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		4,906
			Series - 2007 C30 (Class AM)
	890,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		975
			Series - 2007 C34 (Class AM)
	1,700,000	i	Wachovia Bank Commercial Mortgage Trust		6.146		05/15/46		1,751
			Series - 2007 C34 (Class AJ)
	1,975,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		2,146
			Series - 2007 C31 (Class AM)
	500,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		516
			Series - 2007 C31 (Class AJ)
	875,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		818
			Series - 2007 C32 (Class B)
	4,830,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		4,943
			Series - 2007 C32 (Class AJ)
	510,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		557
			Series - 2007 C33 (Class AM)
	2,560,588	i	WaMu Mortgage Pass-Through Certificates Series - 2005 AR19 (Class A1B3)		0.505		12/25/45		2,388
			TOTAL OTHER MORTGAGE BACKED						100,447
			TOTAL STRUCTURED ASSETS						324,615
			(Cost $321,605)
			TOTAL BONDS						5,526,536
			(Cost $5,439,878)
SHARES			COMPANY
COMMON STOCKS - 59.2%
AUTOMOBILES & COMPONENTS - 1.5%
	67,500		Aisin Seiki Co Ltd						2,436
	127,203		Bayerische Motoren Werke AG.						13,595
	48,670		Bayerische Motoren Werke AG. (Preference)						3,948
	57,475		BorgWarner, Inc						3,024
	6,602		Delphi Automotive plc						405
	187,700		Denso Corp						8,660
	897	e	Dorman Products, Inc						36
	3,056,597		Ford Motor Co						45,207
	97,900		Fuji Heavy Industries Ltd						3,243
	315,021		GKN plc						1,622
	236,929		Harley-Davidson, Inc						13,789
	384,280		Honda Motor Co Ltd						13,185
	755,892		Johnson Controls, Inc						33,259

364

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	19,700	e	Magna International, Inc (Class A)	$	1,870
	54,400	*	Mazda Motor Corp		1,368
	25,400		Mitsubishi Motors Corp		308
	59,514	*	Modine Manufacturing Co		706
	910,900		Nissan Motor Co Ltd		8,818
	97,815		Pirelli & C S.p.A.		1,349
	109,499		Renault S.A.		7,921
	9,200		Stanley Electric Co Ltd		199
	107,999	*	Tenneco, Inc		5,649
	93,884	*,e	Tesla Motors, Inc		22,784
	2,900		Toyoda Gosei Co Ltd		57
	81,600		Toyota Industries Corp		3,948
	59,667		Volkswagen AG. (Preference)		12,322
	102,500		Yamaha Motor Co Ltd		2,008
			TOTAL AUTOMOBILES & COMPONENTS		211,716
BANKS - 3.5%
	1,142	e	Arrow Financial Corp		29
	51,058		Associated Banc-Corp		889
	4,424		Astoria Financial Corp		55
	578,039		Australia & New Zealand Banking Group Ltd		15,626
	3,226,482		Banca Intesa S.p.A.		9,740
	1,672,842		Banco Bilbao Vizcaya Argentaria S.A.		20,133
	21,859		Bank Mutual Corp		140
	25,289		Bank of Hawaii Corp		1,437
	57,900		Bank of Montreal		4,262
	207,400		Bank of Nova Scotia		12,828
	3,264		Bank of the Ozarks, Inc		103
	971,529		BB&T Corp		36,151
	10,404		BBCN Bancorp, Inc		152
	4,422		Bendigo Bank Ltd		46
	1,093	*	Beneficial Mutual Bancorp, Inc		14
	20,397		Boston Private Financial Holdings, Inc		253
	8,472	*,m	CaixaBank S.A.		51
	4,200	e	Canadian Imperial Bank of Commerce/Canada		377
	7,221		Capitol Federal Financial		85
	3,360		Cathay General Bancorp		83
	5,743		Centerstate Banks of Florida, Inc		59
	117,573		CIT Group, Inc		5,404
	3,804		CoBiz, Inc		43
	2,120		Columbia Banking System, Inc		53
	165,930		Comerica, Inc		8,273
	1,273		Commerce Bancshares, Inc		57
	301,281		Commonwealth Bank of Australia		19,837
	3,936		Community Bank System, Inc		132
	770,941		Criteria CaixaBank S.A.		4,688
	9,127		Cullen/Frost Bankers, Inc		698
	236,588		DNB NOR Holding ASA		4,428
	10,051		East West Bancorp, Inc		342
	5,376		Federal Agricultural Mortgage Corp (Class C)		173
	2,018		First Bancorp (NC)		32
	451		First Citizens Bancshares, Inc (Class A)		98

365

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	23,976		First Commonwealth Financial Corp	$	201
	12,098		First Interstate Bancsystem, Inc		321
	3,693		First Merchants Corp		75
	16,186		FNB Corp		194
	2,590		Glacier Bancorp, Inc		67
	5,441		Hancock Holding Co		174
	508,500		Hang Seng Bank Ltd		8,160
	1,267		Heartland Financial USA, Inc		30
	2,195		HomeStreet, Inc		37
	3,709,892		HSBC Holdings plc		37,697
	174,643		Huntington Bancshares, Inc		1,699
	9,593		IBERIABANK Corp		600
	1,147		International Bancshares Corp		28
	20,614		Investors Bancorp, Inc		209
	126,555	*	KBC Groep NV		6,718
	1,625,945		Keycorp		21,674
	21,058		Lakeland Bancorp, Inc		206
	269,235	e	M&T Bank Corp		33,194
	1,800		MB Financial, Inc		50
	61,360	*,e	MGIC Investment Corp		479
	4,070,000		Mizuho Financial Group, Inc		7,266
	512,380		National Australia Bank Ltd		14,574
	6,490		National Penn Bancshares, Inc		63
	1,124,730		Natixis		7,738
	1,500		NBT Bancorp, Inc		34
	145,456	e	New York Community Bancorp, Inc		2,308
	644,338		Nordea Bank AB		8,353
	11,094		Northfield Bancorp, Inc		151
	32,902		OFG Bancorp		493
	19,938		Old National Bancorp		259
	22,911		PacWest Bancorp		945
	4,182		Peoples Bancorp, Inc		99
	2,728	e	People’s United Financial, Inc		39
	2,500		Pinnacle Financial Partners, Inc		90
	519,297		PNC Financial Services Group, Inc		44,441
	87,691	*	Popular, Inc		2,581
	20,422		PrivateBancorp, Inc		611
	53,363		Provident Financial Services, Inc		874
	654,341	e	Radian Group, Inc		9,331
	155,400		Resona Holdings, Inc		877
	250,810	e	Royal Bank of Canada (Toronto)		17,927
	1,000		S&T Bancorp, Inc		23
	3,487	*	Signature Bank		391
	221,278		Skandinaviska Enskilda Banken AB (Class A)		2,944
	2,200	e	Southside Bancshares, Inc		73
	596,739		Standard Chartered plc		11,007
	261,500		Sumitomo Mitsui Financial Group, Inc		10,655
	16,927		Susquehanna Bancshares, Inc		169
	28,454	*	SVB Financial Group		3,189
	45,092		Swedbank AB (A Shares)		1,131
	800	*	Texas Capital Bancshares, Inc		46
	315,022		Toronto-Dominion Bank		15,546

366

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	1,700		Trustmark Corp	$	39
	5,465		UMB Financial Corp		298
	3,150		Umpqua Holdings Corp		52
	2,479		Union Bankshares Corp		57
	10,908	e	United Bankshares, Inc		337
	5,569		United Financial Bancorp, Inc (New)		71
	1,282,839		US Bancorp		53,661
	10,727	*	Walker & Dunlop, Inc		143
	13,956		Webster Financial Corp		407
	3,652		WesBanco, Inc		112
	5,233	e	Westamerica Bancorporation		243
	5,690	*	Western Alliance Bancorp		136
	629,923		Westpac Banking Corp		17,684
	16,588		Wilshire Bancorp, Inc		153
	1,110		Wintrust Financial Corp		50
	37,356		Zions Bancorporation		1,086
			TOTAL BANKS		497,341
CAPITAL GOODS - 4.0%
	432,713		3M Co		61,307
	10,833		A.O. Smith Corp		512
	5,085		Acuity Brands, Inc		599
	19,102	*	Aerovironment, Inc		574
	75,930		Alfa Laval AB		1,618
	464,724		Ametek, Inc		23,334
	56,219	*	ArvinMeritor, Inc		610
	368,000		Asahi Glass Co Ltd		1,996
	51,800		Assa Abloy AB (Class B)		2,662
	7,416		Astec Industries, Inc		270
	153,909		Atlas Copco AB (A Shares)		4,392
	135,146		Atlas Copco AB (B Shares)		3,493
	116,424		Barnes Group, Inc		3,533
	2,120	*	Beacon Roofing Supply, Inc		54
	106,747		Bouygues S.A.		3,452
	29,997		Briggs & Stratton Corp		541
	129,357	*	Builders FirstSource, Inc		705
	299,328		Bunzl plc		7,788
	8,451	*	CAI International, Inc		164
	46,485		Caterpillar, Inc		4,603
	4,279	*,e	Chart Industries, Inc		262
	94,441		Cintra Concesiones de Infraestructuras de Transporte S.A.		1,827
	454,694		CNH Industrial NV		3,602
	10,768	*	Colfax Corp		613
	159,066		Compagnie de Saint-Gobain		7,268
	210,677		Cummins, Inc		27,805
	46,600		Daikin Industries Ltd		2,891
	567,000		Danaher Corp		43,081
	408,743	e	Deere & Co		33,513
	67,977		Dover Corp		5,461
	343,132		Eaton Corp		21,744
	4,941		EMCOR Group, Inc		197
	7,019		EnerSys		412

367

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	19,159	*	Esterline Technologies Corp	$	2,132
	153,282	e	Fastenal Co		6,882
	6,133		Fluor Corp		410
	11,291		Fortune Brands Home & Security, Inc		464
	20,868	*	Furmanite Corp		141
	21,353		GEA Group AG.		928
	11,801		Geberit AG.		3,804
	66,177		Graco, Inc		4,830
	1,400		H&E Equipment Services, Inc		56
	14,756	*	Hexcel Corp		586
	32,600	e	Hitachi Construction Machinery Co Ltd		656
	12,125		Hochtief AG.		832
	463,645		Illinois Tool Works, Inc		39,141
	133,866		Ingersoll-Rand plc		7,545
	500	*	Jacobs Engineering Group, Inc		24
	10,947	e	Joy Global, Inc		597
	25,600		JTEKT Corp		429
	92,000		Kawasaki Heavy Industries Ltd		368
	324,000		Keppel Corp Ltd		2,665
	213,800		Komatsu Ltd		4,941
	331,267		Koninklijke Philips Electronics NV		10,534
	320,000		Kubota Corp		5,067
	20,868	*,e	Layne Christensen Co		203
	15,826		Legrand S.A.		822
	26,197		Lincoln Electric Holdings, Inc		1,811
	15,600		Makita Corp		881
	463,592		Masco Corp		11,089
	31,361		Meggitt plc		229
	1,101	*	Middleby Corp		97
	521,800		Mitsubishi Corp		10,687
	482,000		Mitsubishi Electric Corp		6,426
	2,049	*	MYR Group, Inc		49
	83,000		NGK Insulators Ltd		1,978
	107,611		Nordson Corp		8,186
	86,000		NSK Ltd		1,227
	165,398		Owens Corning, Inc		5,251
	287,127		Paccar, Inc		16,330
	30,568		Pall Corp		2,559
	35,299		Parker Hannifin Corp		4,029
	105,836		Pentair plc		6,931
	16,305		Pike Electric Corp		194
	43,401	*,e	Polypore International, Inc		1,689
	163,159		Precision Castparts Corp		38,649
	118,919	*	Quanta Services, Inc		4,316
	94,352		Rockwell Automation, Inc		10,367
	13,087		Rockwell Collins, Inc		1,027
	36,615		Roper Industries, Inc		5,356
	3,300	*	Rush Enterprises, Inc (Class A)		110
	236,880		Sandvik AB		2,660
	189,352		Schneider Electric S.A.		14,528
	98,000	e	Shimizu Corp		773
	43,110		Skanska AB (B Shares)		889

368

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	42,500		SKF AB (B Shares)	$	885
	69,349		Smiths Group plc		1,417
	17,535		Snap-On, Inc		2,123
	15,061		Sulzer AG.		1,847
	161,300		Sumitomo Electric Industries Ltd		2,388
	5,435	e	TAL International Group, Inc		224
	79,909		Tennant Co		5,361
	18,487		Timken Co		784
	8,405	*,e	Titan Machinery, Inc		109
	6,400		Toyota Tsusho Corp		156
	44,059		Travis Perkins plc		1,184
	38,902	*	United Rentals, Inc		4,322
	49,198		Vallourec		2,264
	32,153	*	Vestas Wind Systems AS		1,254
	176,760		Vinci S.A.		10,258
	436,090		Volvo AB (B Shares)		4,718
	3,755		W.W. Grainger, Inc		945
	25,258	*	Wabash National Corp		336
	38,428	*	WABCO Holdings, Inc		3,495
	3,364	*,e	WESCO International, Inc		263
	121,923		Wolseley plc		6,386
	20,710		Woodward Governor Co		986
	12,153		Xylem, Inc		431
			TOTAL CAPITAL GOODS		575,394
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	2,604		ABM Industries, Inc		67
	29,936	e	Acacia Research (Acacia Technologies)		463
	340,114	*	ACCO Brands Corp		2,347
	13,967		Aggreko plc		350
	205,697		Brambles Ltd		1,711
	11,200		Bureau Veritas S.A.		248
	120,569		Capita Group plc		2,270
	19,200	*	CBIZ, Inc		151
	2,000		CDI Corp		29
	2,394	*	Copart, Inc		75
	9,841		Corporate Executive Board Co		591
	218,000		Dai Nippon Printing Co Ltd		2,187
	24,020		Deluxe Corp		1,325
	82,626		Dun & Bradstreet Corp		9,706
	22,336		Equifax, Inc		1,669
	2,000		Heidrick & Struggles International, Inc		41
	6,421		HNI Corp		231
	9,308	*	IHS, Inc (Class A)		1,165
	1,660	*	Innerworkings, Inc		13
	19,643		Interface, Inc		317
	7,700		Intertek Group plc		326
	122,588	e	Iron Mountain, Inc		4,003
	1,800		Kelly Services, Inc (Class A)		28
	29,712		Manpower, Inc		2,083
	3,562	*	Mistras Group, Inc		73
	2,100		Mobile Mini, Inc		73

369

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	13,621	*	Navigant Consulting, Inc	$	190
	1,000	*	On Assignment, Inc		27
	109,843		R.R. Donnelley & Sons Co		1,808
	2,311		Resources Connection, Inc		32
	162,118		Robert Half International, Inc		7,944
	16,303	*	RPX Corp		224
	58,400		Secom Co Ltd		3,479
	472		SGS S.A.		977
	400		Societe BIC S.A.		52
	1,544	*	SP Plus Corp		29
	27,563		Tetra Tech, Inc		689
	179,000		Toppan Printing Co Ltd		1,286
	4,561		Viad Corp		94
	16,675		Waste Management, Inc		793
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		49,166
CONSUMER DURABLES & APPAREL - 0.7%
	29,048		Adidas-Salomon AG.		2,167
	32,738		Callaway Golf Co		237
	30,920		Christian Dior S.A.		5,180
	1,447		CSS Industries, Inc		35
	24,000		Electrolux AB (Series B)		632
	7,187	e	Ethan Allen Interiors, Inc		164
	11,700		Gildan Activewear, Inc		640
	6,676		Hanesbrands, Inc		717
	1,724	*	Jarden Corp		104
	573,700		Matsushita Electric Industrial Co Ltd		6,838
	521,454		Mattel, Inc		15,983
	7,456	*	Meritage Homes Corp		265
	9,802	*	Mohawk Industries, Inc		1,321
	23,800		Movado Group, Inc		787
	514,999		Nike, Inc (Class B)		45,938
	126,600	e	Nikon Corp		1,831
	11,961		Oxford Industries, Inc		729
	5,425		Pandora AS		424
	27,543		Ryland Group, Inc		915
	50,000		Sekisui Chemical Co Ltd		575
	96,000		Sekisui House Ltd		1,131
	141,000	*	Sharp Corp		401
	234,000		Sony Corp		4,200
	27,906	*	Under Armour, Inc (Class A)		1,928
	4,500	*	Unifi, Inc		117
	31,176		VF Corp		2,059
	10,000		Whirlpool Corp		1,456
	306,000		Yue Yuen Industrial Holdings		924
			TOTAL CONSUMER DURABLES & APPAREL		97,698
CONSUMER SERVICES - 1.3%
	79,580		Accor S.A.		3,524
	30,700	e	Benesse Corp		1,007
	1,289		Bob Evans Farms, Inc		61
	25,421		Brinker International, Inc		1,291

370

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	7,675	*	Chipotle Mexican Grill, Inc (Class A)	$	5,116
	109,916		Choice Hotels International, Inc		5,716
	91,310	e	Darden Restaurants, Inc		4,699
	1,346		DineEquity, Inc		110
	13,470		Domino’s Pizza, Inc		1,037
	7,832		Dunkin Brands Group, Inc		351
	38,395		InterContinental Hotels Group plc		1,481
	373,655		Marriott International, Inc (Class A)		26,118
	583,456		McDonald’s Corp		55,317
	444,431	*	MGM Mirage		10,124
	10,604	*	Popeyes Louisiana Kitchen, Inc		429
	33,974		Royal Caribbean Cruises Ltd		2,286
	106,561	*	Ruby Tuesday, Inc		628
	29,578	*	Sonic Corp		661
	586,295		Starbucks Corp		44,242
	137,574		Starwood Hotels & Resorts Worldwide, Inc		11,448
	9,100		Tim Hortons, Inc (Toronto)		717
	10,000	e	Weight Watchers International, Inc		274
	42,233		Whitbread plc		2,838
	253,012		William Hill plc		1,512
			TOTAL CONSUMER SERVICES		180,987
DIVERSIFIED FINANCIALS - 3.8%
	780,959		3i Group plc		4,837
	358,183		Aberdeen Asset Management plc		2,311
	14,474	*	Actua Corp		232
	4,200	e	Aeon Credit Service Co Ltd		90
	620,453		American Express Co		54,315
	1,178,136		Bank of New York Mellon Corp		45,629
	135,338		BlackRock, Inc		44,434
	576,583		Capital One Financial Corp		47,061
	1,431,454		Charles Schwab Corp		42,070
	310,655		CME Group, Inc		24,838
	1,362	e	Cohen & Steers, Inc		52
	3,361	*,e	Credit Acceptance Corp		424
	69,415		Deutsche Boerse AG.		4,661
	653,742		Discover Financial Services		42,094
	8,504		Eurazeo		612
	119,553		Exor S.p.A.		4,622
	626,613		Franklin Resources, Inc		34,219
	24,115	*	Green Dot Corp		510
	536,720		Hong Kong Exchanges and Clearing Ltd		11,552
	546,747	*	ING Groep NV		7,772
	134,009		IntercontinentalExchange Group, Inc		26,138
	508,141		Invesco Ltd		20,061
	800,553		Investec plc		6,722
	3,030	*	Investment Technology Group, Inc		48
	61,166	e	Janus Capital Group, Inc		889
	60,728		Kinnevik Investment AB (Series B)		2,190
	62,663		Legg Mason, Inc		3,206
	2,861		London Stock Exchange Group plc		86
	336,200		Mitsubishi UFJ Lease & Finance Co Ltd		1,758

371

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	76,231		NASDAQ OMX Group, Inc	$	3,234
	10,345		Nelnet, Inc (Class A)		446
	513,669		Northern Trust Corp		34,945
	22,527	*	PHH Corp		504
	5,879	*	Pico Holdings, Inc		117
	10,635	*	Safeguard Scientifics, Inc		196
	62,441		Schroders plc		2,411
	503,608		State Street Corp		37,071
	287,043		T Rowe Price Group, Inc		22,504
	3,000		TD Ameritrade Holding Corp		100
			TOTAL DIVERSIFIED FINANCIALS		534,961
ENERGY - 5.3%
	40,000		Acergy S.A.		571
	46,000		Aker Kvaerner ASA		185
	52,019		AMEC plc		928
	337,903		Apache Corp		31,719
	78,800	e	ARC Resources Ltd		2,079
	86,010		Baker Hughes, Inc		5,596
	854,626		BG Group plc		15,777
	158,441	*,e	BPZ Energy, Inc		303
	33,667		Caltex Australia Ltd		824
	177,939	*	Cameron International Corp		11,812
	5,527	e	CARBO Ceramics, Inc		327
	14,005	*	Carrizo Oil & Gas, Inc		754
	312,700		Cenovus Energy, Inc (Toronto)		8,413
	165,841	*	Cheniere Energy, Inc		13,272
	98,049		Cimarex Energy Co		12,406
	1,826	*	Clayton Williams Energy, Inc		176
	260,946	*,e	Clean Energy Fuels Corp		2,035
	29,437	*	Concho Resources, Inc		3,691
	39,499		Contango Oil & Gas Co		1,313
	239,024	*,e	Continental Resources, Inc		15,890
	66,200	e	Crescent Point Energy Corp		2,389
	12,102		Dawson Geophysical Co		220
	17,941		Delek Group Ltd		6,790
	2,500		Delek US Holdings, Inc		83
	457,259		Devon Energy Corp		31,176
	337,874		Enbridge, Inc		16,173
	54,900		EnCana Corp		1,166
	2,011		Energen Corp		145
	72,600	e	Enerplus Resources Fund		1,378
	460,668		EOG Resources, Inc		45,616
	183,431		EQT Corp		16,791
	19,000		Fugro NV		574
	230,140	e	Galp Energia SGPS S.A.		3,740
	8,642	*	Geospace Technologies Corp		304
	386,241		Hess Corp		36,430
	315,600		Inpex Holdings, Inc		4,462
	201,413	*	ION Geophysical Corp		562
	44,211	*	Key Energy Services, Inc		214
	3,200	e	Keyera Corp		258

372

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	676,402	*	Kodiak Oil & Gas Corp	$	9,179
	536,851		Marathon Oil Corp		20,180
	398,430		Marathon Petroleum Corp		33,735
	11,520	*	Matrix Service Co		278
	141,335	*	MEG Energy Corp		4,339
	466,300		National Oilwell Varco, Inc		35,486
	7,269	*	Natural Gas Services Group, Inc		175
	169,553	e	Neste Oil Oyj		3,491
	210,587		Noble Corp plc		4,679
	324,695		Noble Energy, Inc		22,196
	29,282	*,e	Northern Oil And Gas, Inc		416
	26,358	*	Oasis Petroleum, Inc		1,102
	474,102		Occidental Petroleum Corp		45,585
	225,695		OMV AG.		7,589
	153,232		Oneok, Inc		10,044
	302,936	e	Pengrowth Energy Trust		1,588
	265,014	e	Penn West Energy Trust		1,796
	40,855		Petrofac Ltd		685
	132,760	*	Petroquest Energy, Inc		746
	447,968		Phillips 66		36,424
	146,028		Pioneer Natural Resources Co		28,763
	98,692		Questar Market Resources, Inc		3,038
	573,547		Repsol YPF S.A.		13,607
	36,777	*	Rex Energy Corp		466
	894		SEACOR Holdings, Inc		67
	58,600		Showa Shell Sekiyu KK		559
	29,250	*,e	Solazyme, Inc		218
	171,452	*	Southwestern Energy Co		5,992
	792,399		Spectra Energy Corp		31,110
	71,318		St. Mary Land & Exploration Co		5,563
	403,405		Statoil ASA		10,983
	522,004		Suncor Energy, Inc		18,891
	88,722		Superior Energy Services		2,916
	22,440		Technip S.A.		1,882
	319,062		Tenaris S.A.		7,281
	7,916		Tesoro Corp		483
	262,191		Tullow Oil plc		2,734
	36,311	*,e	Ultra Petroleum Corp		845
	27,062	*	Unit Corp		1,587
	989,544	*	Weatherford International Ltd		20,583
	320,238		Western Refining, Inc		13,447
	99,162	*	Whiting Petroleum Corp		7,690
	451,724		Williams Cos, Inc		25,003
	211,793		Woodside Petroleum Ltd		7,520
			TOTAL ENERGY		747,483
FOOD & STAPLES RETAILING - 0.8%
	173,400		Aeon Co Ltd		1,728
	179,256		Carrefour S.A.		5,536
	13,576		Casino Guichard Perrachon S.A.		1,461
	5,000	e	Colruyt S.A.		220
	31,318	e	Delhaize Group		2,176

373

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	437,617	e	J Sainsbury plc	$	1,779
	59,300	e	Jeronimo Martins SGPS S.A.		653
	85,954		Koninklijke Ahold NV		1,390
	367,535		Kroger Co		19,112
	3,600		Lawson, Inc		252
	42,800		Loblaw Cos Ltd		2,142
	68,666		Metro AG.		2,252
	316,705		Safeway, Inc		10,863
	149,700		Seven & I Holdings Co Ltd		5,806
	9,498		Spartan Stores, Inc		185
	821,965		Sysco Corp		31,194
	2,410,822		Tesco plc		7,202
	274,453		Wesfarmers Ltd		10,114
	186,154		Whole Foods Market, Inc		7,094
	516,189		WM Morrison Supermarkets plc		1,405
			TOTAL FOOD & STAPLES RETAILING		112,564
FOOD, BEVERAGE & TOBACCO - 2.2%
	161,000		Ajinomoto Co, Inc		2,677
	93,070		Aryzta AG.		8,020
	191,588		Associated British Foods plc		8,305
	28,068		Bunge Ltd		2,364
	454		Calavo Growers, Inc		20
	261,990		Campbell Soup Co		11,195
	60,082		Coca-Cola HBC AG.		1,297
	131,532		ConAgra Foods, Inc		4,346
	19,775	*	Darling International, Inc		362
	12,632		Dr Pepper Snapple Group, Inc		812
	14,539		Flowers Foods, Inc		267
	745,771		General Mills, Inc		37,624
	199,293		Groupe Danone		13,346
	514,141		Kellogg Co		31,671
	28,997		Kerry Group plc (Class A)		2,044
	78,727		Keurig Green Mountain, Inc		10,245
	31,000		Kikkoman Corp		659
	122,671		Kraft Foods Group, Inc		6,919
	658		Lindt & Spruengli AG.		3,288
	34		Lindt & Spruengli AG. (Registered)		2,015
	74,148		Mead Johnson Nutrition Co		7,135
	1,207,380		Mondelez International, Inc		41,371
	14,500		Nissin Food Products Co Ltd		753
	152,793		Orkla ASA		1,381
	801,664		PepsiCo, Inc		74,627
	155,121		Tate & Lyle plc		1,479
	405,114		Unilever NV		16,077
	457,362		Unilever plc		19,144
	42,800	e	Yakult Honsha Co Ltd		2,248
			TOTAL FOOD, BEVERAGE & TOBACCO		311,691
HEALTH CARE EQUIPMENT & SERVICES - 1.8%
	1,208,349		Abbott Laboratories		50,255
	456,853		Aetna, Inc		37,005

374

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	8,037	*	Align Technology, Inc	$	415
	67,982	*	Amedisys, Inc		1,371
	34,019		AmerisourceBergen Corp		2,630
	10,800	*	Amsurg Corp		541
	6,026	*	Angiodynamics, Inc		83
	14,016	*,e	athenahealth, Inc		1,846
	310,286		Becton Dickinson & Co		35,314
	13,100	*	Bio-Reference Labs, Inc		368
	89,935	*,e	BioScrip, Inc		621
	38,727	*	Brookdale Senior Living, Inc		1,248
	54,777	*	Centene Corp		4,531
	20,000	*	Cerner Corp		1,191
	30,107	*,e	Cerus Corp		121
	4,495	e	Chemed Corp		463
	191,455		Cigna Corp		17,363
	24,864		Coloplast AS		2,079
	1,249		Computer Programs & Systems, Inc		72
	700	*	Cyberonics, Inc		36
	10,758	*	DaVita, Inc		787
	5,764		Dentsply International, Inc		263
	15,359	*	Edwards Lifesciences Corp		1,569
	42,713	*	ExamWorks Group, Inc		1,399
	73,010	*	Five Star Quality Care, Inc		275
	21,978	*	Gentiva Health Services, Inc		369
	6,176	*	Greatbatch, Inc		263
	4,374	*	Haemonetics Corp		153
	21,280	*,e	Healthways, Inc		341
	10,561	*,e	HMS Holdings Corp		199
	125,907		Humana, Inc		16,404
	1,185	*	ICU Medical, Inc		76
	31,383	*	Idexx Laboratories, Inc		3,698
	61,900	*	Inverness Medical Innovations, Inc		2,400
	3,014	*	IPC The Hospitalist Co, Inc		135
	759	*	Laboratory Corp of America Holdings		77
	743		Landauer, Inc		24
	6,078	*	LHC Group, Inc		141
	58,522	*	LifePoint Hospitals, Inc		4,049
	1,730	*	MedAssets, Inc		36
	1,474	*	Medidata Solutions, Inc		65
	802,734		Medtronic, Inc		49,729
	9,612	*	Merit Medical Systems, Inc		114
	55,639	*	Molina Healthcare, Inc		2,353
	8,672	*	MWI Veterinary Supply, Inc		1,287
	9,301	*	Natus Medical, Inc		274
	2,364	*	NxStage Medical, Inc		31
	3,000	*	Omnicell, Inc		82
	31,393	*	OraSure Technologies, Inc		227
	2,718	e	Owens & Minor, Inc		89
	86,208		Patterson Cos, Inc		3,572
	21,165	*	PharMerica Corp		517
	3,576	*	Providence Service Corp		173
	4,910		Quality Systems, Inc		68

375

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	19,067		Ramsay Health Care Ltd	$	835
	3,688	*	Sirona Dental Systems, Inc		283
	23,298	*	Staar Surgical Co		248
	4,400		Suzuken Co Ltd		127
	15,400		Sysmex Corp		620
	6,446	*	Tornier BV		154
	16,067	*	Triple-S Management Corp (Class B)		320
	8,101		Universal American Corp		65
	3,801		US Physical Therapy, Inc		134
	500	*	Varian Medical Systems, Inc		40
	19,709	*	Vocera Communications, Inc		159
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		251,777
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	9,680		Beiersdorf AG.		805
	684,195		Colgate-Palmolive Co		44,623
	81,716		Estee Lauder Cos (Class A)		6,106
	210		Henkel KGaA		20
	137,770		Henkel KGaA (Preference)		13,715
	297,479	e	Herbalife Ltd		13,015
	41,500		Kao Corp		1,619
	25,448		Kimberly-Clark Corp		2,737
	63,795		L’Oreal S.A.		10,118
	35,987	*	Medifast, Inc		1,181
	16,029	e	Nu Skin Enterprises, Inc (Class A)		722
	1,202,803		Procter & Gamble Co		100,723
	152,666		Reckitt Benckiser Group plc		13,199
	43,160		Svenska Cellulosa AB (B Shares)		1,026
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		209,609
INSURANCE - 3.4%
	347,009		ACE Ltd		36,391
	629,310		Aflac, Inc		36,657
	23,548		Allianz AG.		3,801
	1,543,100		AMP Ltd		7,360
	13,380		Arthur J. Gallagher & Co		607
	93,722		Aspen Insurance Holdings Ltd		4,009
	421,903		Assicurazioni Generali S.p.A.		8,846
	311,119		AXA S.A.		7,664
	30,787		Axis Capital Holdings Ltd		1,457
	798,759	*	Berkshire Hathaway, Inc (Class B)		110,341
	297,104		Chubb Corp		27,060
	280,593		CNP Assurances		5,282
	102,203		Delta Lloyd NV		2,463
	4,146	*	eHealth, Inc		100
	2,400		Employers Holdings, Inc		46
	1,256,823	*	Genworth Financial, Inc (Class A)		16,464
	279,246		Hartford Financial Services Group, Inc		10,402
	588,027		Insurance Australia Group Ltd		3,151
	1,916		Kemper Corp		65
	151,625		Marsh & McLennan Cos, Inc		7,936
	75,286		Muenchener Rueckver AG.		14,852

376

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	2,849,807		Old Mutual plc	$	8,359
	15,856		PartnerRe Ltd		1,742
	43,066		Platinum Underwriters Holdings Ltd		2,621
	357,357		Principal Financial Group		18,751
	427,906		Progressive Corp		10,818
	477,529		Prudential Financial, Inc		41,994
	882,978		Prudential plc		19,630
	556,117	*	RSA Insurance Group plc		4,368
	1,244,153		Standard Life plc		8,325
	13,455		Stewart Information Services Corp		395
	169,853		Swiss Re Ltd		13,517
	177,900		T&D Holdings, Inc		2,286
	433,143		Travelers Cos, Inc		40,689
	800		TrygVesta AS		83
	10,000		Willis Group Holdings plc		414
	8,789		Zurich Financial Services AG.		2,616
			TOTAL INSURANCE		481,562
MATERIALS - 3.4%
	59,658		Agnico-Eagle Mines Ltd		1,725
	23,600	e	Agrium, Inc		2,098
	106,029		Air Liquide		12,927
	302,738		Air Products & Chemicals, Inc		39,410
	23,600		Akzo Nobel NV		1,615
	500		Albemarle Corp		29
	516,197	*,e	Allied Nevada Gold Corp		1,709
	92,400		Amcor Ltd		915
	4,437		Aptargroup, Inc		269
	232,000		Asahi Kasei Corp		1,887
	176,082		Avery Dennison Corp		7,862
	63,073		Ball Corp		3,991
	179,010		BASF AG.		16,329
	491,599		Boliden AB		7,938
	19,645		Boral Ltd		86
	8,161		Carpenter Technology Corp		369
	10,679	*,e	Castle (A.M.) & Co		91
	44,916		Celanese Corp (Series A)		2,629
	31,719	*	Century Aluminum Co		824
	2,372	*	Clearwater Paper Corp		143
	131,361		Commercial Metals Co		2,242
	14,183		Compass Minerals International, Inc		1,195
	295,427		CRH plc		6,709
	17,000	e	Daido Steel Co Ltd		68
	11,234		Domtar Corp		395
	9,400		DSM NV		580
	36,695		Eastman Chemical Co		2,968
	347,282		Ecolab, Inc		39,878
	5,690	*	Ferro Corp		82
	646,464		Fletcher Building Ltd		4,431
	33,738	*,e	Flotek Industries, Inc		880
	1,077,618	e	Fortescue Metals Group Ltd		3,274
	28,700		Franco-Nevada Corp		1,409

377

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	2,179		Givaudan S.A.	$	3,473
	2,623		Globe Specialty Metals, Inc		48
	67,901		H.B. Fuller Co		2,696
	48,214		HeidelbergCement AG.		3,174
	50,000		Hitachi Metals Ltd		901
	38,897		Holcim Ltd		2,830
	4,713	*	Horsehead Holding Corp		78
	900		Imerys S.A.		66
	23,190		Innophos Holdings, Inc		1,278
	9,797		International Flavors & Fragrances, Inc		939
	257,210		International Paper Co		12,279
	122,500		JFE Holdings, Inc		2,447
	14,804		Johnson Matthey plc		698
	48,900		JSR Corp		853
	77,699		K&S AG.		2,192
	18,000		Kaneka Corp		101
	385,700	*	Kinross Gold Corp		1,281
	643,000		Kobe Steel Ltd		1,044
	7,764	*	Kraton Polymers LLC		138
	58,000		Kuraray Co Ltd		681
	15,164		Lafarge S.A.		1,091
	46,374		Linde AG.		8,876
	173,029	*	Louisiana-Pacific Corp		2,352
	390,170		LyondellBasell Industries AF S.C.A		42,396
	212,757		MeadWestvaco Corp		8,710
	38,519		Minerals Technologies, Inc		2,377
	1,438,000		Mitsubishi Materials Corp		4,653
	120,960	e	Mitsui Chemicals, Inc		337
	113,537		Mosaic Co		5,042
	2,100		Myers Industries, Inc		37
	2,220		Neenah Paper, Inc		119
	360,702	*	Newcrest Mining Ltd		3,315
	3,308,000		Nippon Steel Corp		8,588
	31,500		Nitto Denko Corp		1,725
	1,173,368		Norsk Hydro ASA		6,560
	550,230		Nucor Corp		29,867
	53,242		Orica Ltd		879
	64,561	*	Owens-Illinois, Inc		1,682
	11,843		PolyOne Corp		421
	134,800	e	Potash Corp of Saskatchewan		4,668
	314,170		Praxair, Inc		40,528
	1,380		Quaker Chemical Corp		99
	9,992		Reliance Steel & Aluminum Co		683
	34,167	*	Resolute Forest Products		534
	34,640		Rexam plc		275
	13,246		Rock-Tenn Co (Class A)		630
	15,925		Rockwood Holdings, Inc		1,218
	115,844		Royal Gold, Inc		7,523
	6,424	*	RTI International Metals, Inc		158
	850		Schnitzer Steel Industries, Inc (Class A)		20
	18,931		Sealed Air Corp		660
	17,916		Sherwin-Williams Co		3,923

378

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	92,200		Shin-Etsu Chemical Co Ltd	$	6,041
	209,172		Sigma-Aldrich Corp		28,450
	247,000		Silver Wheaton Corp		4,927
	1,200		Stepan Co		53
	74,982	*	Stillwater Mining Co		1,127
	334,517		Stora Enso Oyj (R Shares)		2,775
	360,000		Sumitomo Chemical Co Ltd		1,286
	586,000		Sumitomo Metal Mining Co Ltd		8,247
	42,000	e	Taiyo Nippon Sanso Corp		371
	698,200	e	Teck Cominco Ltd		13,223
	74,000		Teijin Ltd		179
	305,000		Toray Industries, Inc		2,016
	117,300		Toyo Seikan Kaisha Ltd		1,454
	15,649		Umicore		682
	198,855		UPM-Kymmene Oyj		2,827
	8,180	e	US Silica Holdings Inc		511
	60,125		Valspar Corp		4,749
	4,790		Wausau Paper Corp		38
	278,810	*	Worthington Industries, Inc		10,377
			TOTAL MATERIALS		483,433
MEDIA - 1.6%
	185,416	e	Cablevision Systems Corp (Class A)		3,247
	19,805		Cinemark Holdings, Inc		674
	114,560		Clear Channel Outdoor Holdings, Inc (Class A)		772
	161,056	*	DIRECTV		13,935
	388,492	*	Discovery Communications, Inc (Class A)		14,685
	502,550	*	Discovery Communications, Inc (Class C)		18,735
	52,293	*,e	DreamWorks Animation SKG, Inc (Class A)		1,426
	11,620	*	Entercom Communications Corp (Class A)		93
	337,940		ITV plc		1,135
	1,900		JC Decaux S.A.		60
	10,069		John Wiley & Sons, Inc (Class A)		565
	266,369	*	Journal Communications, Inc (Class A)		2,245
	15,813		Lagardere S.C.A.		423
	535,024	*,e	Liberty Global plc		21,944
	447,867	*,e	Liberty Global plc (Class A)		19,052
	417,709	*,e	McClatchy Co (Class A)		1,404
	228,929		New York Times Co (Class A)		2,569
	551,411		Pearson plc		11,085
	18,429		ProSiebenSat. Media AG.		731
	1,550		Scholastic Corp		50
	15,051		Scripps Networks Interactive (Class A)		1,175
	60,413	e	Sinclair Broadcast Group, Inc (Class A)		1,576
	1,067,000	e	Singapore Press Holdings Ltd		3,511
	25,497	*	Sizmek, Inc		197
	298,216		Time Warner Cable, Inc		42,791
	654,009		Time Warner, Inc		49,188
	46,200		Wolters Kluwer NV		1,232
	683,960		WPP plc		13,702
			TOTAL MEDIA		228,202

379

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.5%
	1,969	*	Acorda Therapeutics, Inc	$	67
	68,628		Actelion Ltd		8,038
	68,836	*,e	Affymetrix, Inc		549
	375,014		Agilent Technologies, Inc		21,368
	133,847	*,e	Akorn, Inc		4,855
	69,442	*	Alexion Pharmaceuticals, Inc		11,515
	462,789		Amgen, Inc		65,003
	13,839	*	Aratana Therapeutics, Inc		139
	871,400		Astellas Pharma, Inc		12,978
	65,071	*,e	Auxilium Pharmaceuticals, Inc		1,942
	92,661	*	AVANIR Pharmaceuticals, Inc		1,104
	141,465	*	Biogen Idec, Inc		46,798
	57,262	*	Biovail Corp (Toronto)		7,503
	23,482	*	Bluebird Bio, Inc		843
	1,111,385		Bristol-Myers Squibb Co		56,881
	69,150	*	Cambrex Corp		1,292
	57,720	*,e	Cepheid, Inc		2,541
	180,400		Chugai Pharmaceutical Co Ltd		5,222
	19,300	e	Dainippon Sumitomo Pharma Co Ltd		246
	134,268	*	Depomed, Inc		2,040
	49,400	e	Eisai Co Ltd		1,998
	124,366	*	Endo International plc		8,499
	4,519	*	Fluidigm Corp		111
	792,240	*	Gilead Sciences, Inc		84,334
	963,615		GlaxoSmithKline plc		22,013
	3,597	*	Hyperion Therapeutics, Inc		91
	4,270	*,e	Immunogen, Inc		45
	57,898	*,e	Immunomedics, Inc		215
	176,347	*	Incyte Corp		8,650
	13,244	*	Ironwood Pharmaceuticals, Inc		172
	1,177,080		Johnson & Johnson		125,465
	633,295	*,e	MannKind Corp		3,743
	1,453,994		Merck & Co, Inc		86,193
	45,630		Merck KGaA		4,194
	2,234	*	Mettler-Toledo International, Inc		572
	28,031	*,e	MiMedx Group, Inc		200
	2,769	*	Momenta Pharmaceuticals, Inc		31
	243,310	*	Nektar Therapeutics		2,937
	439,445		Novartis AG.		41,382
	455,725		Novo Nordisk AS		21,698
	200,087	*,e	Opko Health, Inc		1,703
	221,422	*,e	Orexigen Therapeutics, Inc		943
	12,565	*	PerkinElmer, Inc		548
	14,463	*	Prestige Brands Holdings, Inc		468
	14,195	*,e	Repros Therapeutics, Inc		140
	135,717		Roche Holding AG.		40,078
	126,568	*	Salix Pharmaceuticals Ltd		19,775
	123,194	*,e	Sangamo Biosciences, Inc		1,329
	120,198	*,e	Sarepta Therapeutics, Inc		2,536
	232,800		Takeda Pharmaceutical Co Ltd		10,120
	2,368		Techne Corp		221

380

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	142,628		Thermo Electron Corp	$	17,358
	16,960	*	United Therapeutics Corp		2,182
	159,967	*	Vertex Pharmaceuticals, Inc		17,966
	340,392	*,e	Vivus, Inc		1,314
	61,330	*	Waters Corp		6,079
	33,288	*	Xenoport, Inc		179
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		786,406
REAL ESTATE - 2.3%
	64,700		Aeon Mall Co Ltd		1,236
	19,852		American Campus Communities, Inc		724
	445,452		American Tower Corp		41,708
	1,501,292		Annaly Capital Management, Inc		16,034
	1,000		AvalonBay Communities, Inc		141
	120,047		Boston Properties, Inc		13,897
	248,240		British Land Co plc		2,821
	2,125,000		CapitaLand Ltd		5,324
	3,498,000		CapitaMall Trust		5,235
	195,955	*	CBRE Group, Inc		5,828
	199,171		CFS Gandel Retail Trust		348
	151,000	e	City Developments Ltd		1,137
	340,764		Crown Castle International Corp		27,442
	207,000	e	Daiwa House Industry Co Ltd		3,719
	2,200,199		DB RREEF Trust		2,136
	5,728	e	Digital Realty Trust, Inc		357
	22,121		Douglas Emmett, Inc		568
	165,551		Duke Realty Corp		2,844
	129,435		Equity Residential		7,971
	300,754		First Industrial Realty Trust, Inc		5,086
	2,732	*	Forest City Enterprises, Inc (Class A)		53
	15,042		Gecina S.A.		1,972
	435,396		GPT Group (ASE)		1,474
	533,654		HCP, Inc		21,191
	100,075		Health Care REIT, Inc		6,242
	12,227		Healthcare Realty Trust, Inc		289
	736,502		Host Marriott Corp		15,710
	16,556		Invesco Mortgage Capital, Inc		260
	82,000		Keppel Land Ltd		225
	291,636		Land Securities Group plc		4,897
	59,200		Lend Lease Corp Ltd		743
	381,212		Liberty International plc		1,986
	37,196		Liberty Property Trust		1,237
	54,403		Macerich Co		3,473
	164,124		Macquarie Goodman Group		742
	24,518		Mid-America Apartment Communities, Inc		1,610
	727,767		Mirvac Group		1,095
	305,810		Mitsui Fudosan Co Ltd		9,385
	514,236		Prologis, Inc		19,387
	92,736	e	Ryman Hospitality Properties		4,386
	623,984		Segro plc		3,662
	255,853		Simon Property Group, Inc		42,067
	1,159,085		Stockland Trust Group		4,004

381

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	193,500		Swire Pacific Ltd (Class A)	$	2,491
	237,600		Swire Properties Ltd		740
	35,276		Unibail-Rodamco		9,071
	96,747		Ventas, Inc		5,993
	142,947		Vornado Realty Trust		14,289
	14,386		Weyerhaeuser Co		458
			TOTAL REAL ESTATE		323,688
RETAILING - 2.2%
	127,624	e	American Eagle Outfitters, Inc		1,853
	32,439	*	Ann Taylor Stores Corp		1,334
	39,356	*	AutoZone, Inc		20,058
	19,109	*	Barnes & Noble, Inc		377
	200,028	*,e	Bed Bath & Beyond, Inc		13,168
	132,772		Best Buy Co, Inc		4,460
	10,162		Big 5 Sporting Goods Corp		95
	810	*	Blue Nile, Inc		23
	7,961	*,e	Cabela’s, Inc		469
	7,000		Canadian Tire Corp Ltd		717
	81,708	*	Carmax, Inc		3,795
	12,500		Fast Retailing Co Ltd		4,189
	67,898		Foot Locker, Inc		3,779
	512,825		Gap, Inc		21,380
	243,170		Genuine Parts Co		21,328
	23,293		GNC Holdings, Inc		902
	2,200		Haverty Furniture Cos, Inc		48
	197,899		Hennes & Mauritz AB (B Shares)		8,183
	50,701	*	HomeAway, Inc		1,800
	26,410		HSN, Inc		1,621
	275,331	*	Inditex S.A.		7,600
	50,000	e	Jardine Cycle & Carriage Ltd		1,680
	417,700		Kingfisher plc		2,185
	234,875		Kohl’s Corp		14,334
	2,891,620		Li & Fung Ltd		3,285
	759,905	*	Liberty Interactive Corp		21,672
	19,712	*	LKQ Corp		524
	912,358		Lowe’s Companies, Inc		48,282
	203,285		Macy’s, Inc		11,827
	210,991		Marks & Spencer Group plc		1,380
	20,185	*	NetFlix, Inc		9,107
	6,288	*	New York & Co, Inc		19
	6,625		Next plc		709
	66,728		Nordstrom, Inc		4,562
	2,000		Nutri/System, Inc		31
	217,335	*	Office Depot, Inc		1,117
	110,163	*	Orbitz Worldwide, Inc		867
	8,683	*,e	Outerwall, Inc		487
	35,119		Pier 1 Imports, Inc		418
	18,325		PPR		3,695
	49,713	*	Shutterfly, Inc		2,423
	25,824		Signet Jewelers Ltd		2,942
	567,973		Staples, Inc		6,872

382

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	3,300		Stein Mart, Inc	$	38
	16,714		Tiffany & Co		1,610
	696,291		TJX Companies, Inc		41,200
	105,864	*	TripAdvisor, Inc		9,678
	111,000	e	Yamada Denki Co Ltd		324
			TOTAL RETAILING		308,447
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.4%
	66,931	*,e	Advanced Micro Devices, Inc		228
	10,479		Analog Devices, Inc		518
	1,861,490		Applied Materials, Inc		40,227
	86,696		ASML Holding NV		8,587
	15,582	*	Cirrus Logic, Inc		325
	5,894	*,e	Freescale Semiconductor Holdings Ltd		115
	2,507,489		Intel Corp		87,311
	6,138	*	International Rectifier Corp		241
	21,682		Lam Research Corp		1,620
	9,064	e	Microchip Technology, Inc		428
	541,931	*	ON Semiconductor Corp		4,845
	97,903		Skyworks Solutions, Inc		5,683
	266,513		STMicroelectronics NV		2,058
	97,663	*,e	SunPower Corp		3,309
	40,230		Teradyne, Inc		780
	987,220		Texas Instruments, Inc		47,081
	25,200		Tokyo Electron Ltd		1,642
	41,101	*	Triquint Semiconductor, Inc		784
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		205,782
SOFTWARE & SERVICES - 5.0%
	527,384		Accenture plc		42,887
	529,300	*	Adobe Systems, Inc		36,622
	1,660		Advent Software, Inc		52
	7,095		Amadeus IT Holding S.A.		265
	86,986	*,e	Angie’s List, Inc		554
	234,202		AOL, Inc		10,527
	1,856	*	Aspen Technology, Inc		70
	12,878		Atos Origin S.A.		933
	201,046	*	Autodesk, Inc		11,078
	59,478	*	Brightcove, Inc		332
	128,405		Broadridge Financial Solutions, Inc		5,345
	485,524		CA, Inc		13,566
	24,502	*	Cadence Design Systems, Inc		422
	37,120		Cap Gemini S.A.		2,662
	24,400	*	CGI Group, Inc		824
	762,378	*	Cognizant Technology Solutions Corp (Class A)		34,132
	124,867		Compuware Corp		1,325
	14,644	*	comScore, Inc		533
	20,058		Convergys Corp		357
	50,889	*	Conversant, Inc		1,743
	5,179	*,e	E2open, Inc		48
	2,100		EPIQ Systems, Inc		37
	6,214	e	Factset Research Systems, Inc		755

383

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	5,718		Fair Isaac Corp	$	315
	30,365	*	Fortinet, Inc		767
	592,000		Fujitsu Ltd		3,644
	244,895	*,e	Glu Mobile, Inc		1,266
	139,946	*	Google, Inc		80,799
	138,204	*	Google, Inc (Class A)		81,321
	49,328	*	Higher One Holdings, Inc		122
	8,867	*	Infoblox, Inc		131
	91,530	*	Informatica Corp		3,134
	462,124		International Business Machines Corp		87,725
	409,298		Intuit, Inc		35,875
	16,036	e	j2 Global, Inc		792
	52,506	*,e	Liquidity Services, Inc		722
	10,028		Marchex, Inc (Class B)		42
	17,866	*,e	Marketo, Inc		577
	1,000		MAXIMUS, Inc		40
	39,456	e	Mercadolibre, Inc		4,287
	294,402	*	Monster Worldwide, Inc		1,619
	3,035	*,e	NetSuite, Inc		272
	19,743	*,e	NeuStar, Inc (Class A)		490
	10,700		Nomura Research Institute Ltd		346
	20,400		NTT Data Corp		736
	7,800	e	Open Text Corp		431
	1,827,742		Oracle Corp		69,966
	60,249	*	QuinStreet, Inc		250
	62,365	*	Rackspace Hosting, Inc		2,030
	22,824	*,e	Rally Software Development Corp		274
	15,039	*	Rosetta Stone, Inc		121
	7,887	*	Rovi Corp		156
	587,432	*	Salesforce.com, Inc		33,795
	228,532		SAP AG.		16,493
	10,057	*	Seachange International, Inc		70
	150,727	*,e	ServiceSource International LLC		487
	5,854	*	SolarWinds, Inc		246
	2,000	*	SPS Commerce, Inc		106
	15,370	*	Stamps.com, Inc		488
	976,463		Symantec Corp		22,957
	6,468	*	Syntel, Inc		569
	4,529	*	Tangoe, Inc		61
	20,999	*	Teradata Corp		880
	6,527	*	Ultimate Software Group, Inc		924
	16,010	*	Unisys Corp		375
	1,170	*	Vasco Data Security International		22
	10,258	*	Workday, Inc		846
	2,801,433		Xerox Corp		37,063
	46,099	*	Xoom Corp		1,012
	1,066,293	*	Yahoo!, Inc		43,451
			TOTAL SOFTWARE & SERVICES		703,164
TECHNOLOGY HARDWARE & EQUIPMENT - 2.4%
	8,103		Adtran, Inc		166
	116,347	*	Aruba Networks, Inc		2,511

384

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	4,234		Belden CDT, Inc	$	271
	2,571	*	Benchmark Electronics, Inc		57
	3,306		Black Box Corp		77
	3,303	*	Calix Networks, Inc		32
	338,300		Canon, Inc		11,007
	14,572	*	Checkpoint Systems, Inc		178
	2,909,256		Cisco Systems, Inc		73,226
	53,700		Citizen Watch Co Ltd		353
	9,600		Cognex Corp		387
	909		Coherent, Inc		56
	353,821		Corning, Inc		6,843
	227,821	*,e	Cray, Inc		5,978
	4,840	*	Digi International, Inc		36
	3,605	*	DTS, Inc		91
	1,318	*	Electronics for Imaging, Inc		58
	1,720,163		EMC Corp		50,332
	1,358		FEI Co		102
	103,068	*,e	Finisar Corp		1,714
	90,753	*	Flextronics International Ltd		937
	1,508,789		Hewlett-Packard Co		53,517
	5,600		Hitachi High-Technologies Corp		161
	59,600		Ibiden Co Ltd		1,162
	166,234	*	Ingram Micro, Inc (Class A)		4,290
	11,659	*	Insight Enterprises, Inc		264
	7,090	e	InterDigital, Inc		282
	5,000	*,e	InvenSense, Inc		99
	30,066	e	IPG Photonics Corp		2,068
	1,920	*	Itron, Inc		75
	41,052		Jabil Circuit, Inc		828
	15,646	*	Kemet Corp		64
	10,800		Keyence Corp		4,689
	188,500		Konica Minolta Holdings, Inc		2,038
	110,200		Kyocera Corp		5,147
	54,381		Lexmark International, Inc (Class A)		2,311
	195,721		Motorola, Inc		12,385
	55,900		Murata Manufacturing Co Ltd		6,354
	2,100		National Instruments Corp		65
	224,000		NEC Corp		774
	7,919	*	Netgear, Inc		247
	45,500		Omron Corp		2,068
	69,596		Oplink Communications, Inc		1,171
	500	*	OSI Systems, Inc		32
	1,774		Plantronics, Inc		85
	1,420	*	Plexus Corp		52
	53,913	*	QLogic Corp		494
	854,280		Qualcomm, Inc		63,874
	23,440	*,e	RealD, Inc		220
	110,400		Ricoh Co Ltd		1,186
	2,500	*	Rofin-Sinar Technologies, Inc		58
	1,300	*	Scansource, Inc		45
	152,709		Seagate Technology, Inc		8,746
	20,387	*,e	Silicon Graphics International Corp		188

385

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	61,142	*	Super Micro Computer, Inc	$	1,799
	1,417	*	SYNNEX Corp		92
	48,800		TDK Corp		2,730
	5,429	*	Tech Data Corp		320
	13,773	*	TTM Technologies, Inc		94
	10,708	*,e	Universal Display Corp		349
	2,708	*	Vishay Precision Group, Inc		40
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		334,875
TELECOMMUNICATION SERVICES - 1.6%
	14,330		Belgacom S.A.		499
	29,248	*	Boingo Wireless, Inc		208
	1,836,260		BT Group plc		11,264
	1,019,915		CenturyTel, Inc		41,704
	161,417	*	Cincinnati Bell, Inc		544
	2,650	e	Consolidated Communications Holdings, Inc		66
	5,740		IDT Corp (Class B)		92
	124,952	*,e	Iridium Communications, Inc		1,106
	178,800		KDDI Corp		10,756
	29,997	*	Level 3 Communications, Inc		1,372
	102,800		Nippon Telegraph & Telephone Corp		6,375
	532,600		NTT DoCoMo, Inc		8,920
	86,400	e	Rogers Communications, Inc (Class B)		3,234
	166,700		Softbank Corp		11,644
	3,417,473	*,e	Sprint Corp		21,667
	14,008		Swisscom AG.		7,940
	699,891		TeliaSonera AB		4,827
	20,600		TELUS Corp		703
	38,441	*	tw telecom inc (Class A)		1,599
	1,497,602		Verizon Communications, Inc		74,865
	5,395,282		Vodafone Group plc		17,779
	266,368	*	Vonage Holdings Corp		874
			TOTAL TELECOMMUNICATION SERVICES		228,038
TRANSPORTATION - 1.7%
	44,476		Abertis Infraestructuras S.A. (Continuous)		877
	204,706		Alaska Air Group, Inc		8,913
	773		Allegiant Travel Co		96
	4,146		Arkansas Best Corp		155
	575,682		Auckland International Airport Ltd		1,729
	104,766		Autostrade S.p.A.		2,574
	112,409	*	Avis Budget Group, Inc		6,170
	203,200	e	Canadian National Railway Co		14,426
	30,500		Central Japan Railway Co		4,114
	1,084,254		CSX Corp		34,761
	134,669		Deutsche Lufthansa AG.		2,115
	465,498		Deutsche Post AG.		14,838
	71,700		East Japan Railway Co		5,370
	8,074	*	Echo Global Logistics, Inc		190
	5		Expeditors International of Washington, Inc		0	^
	5,413		Fraport AG. Frankfurt Airport Services Worldwide		355
	103,000	e	Mitsui OSK Lines Ltd		329

386

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	2,084,425		MTR Corp	$	8,174
	191,005		Norfolk Southern Corp		21,316
	413,000		Singapore Airlines Ltd		3,178
	540,239		Southwest Airlines Co		18,244
	228,000		Tokyu Corp		1,494
	128,533		Transurban Group		868
	334,212		Union Pacific Corp		36,235
	510,592		United Parcel Service, Inc (Class B)		50,186
			TOTAL TRANSPORTATION		236,707
UTILITIES - 2.0%
	35,914		AGL Energy Ltd		425
	46,000	*	Aker Solutions ASA		458
	8,000		American States Water Co		243
	13,544		American Water Works Co, Inc		653
	85,880	*	Calpine Corp		1,864
	255,104		Centerpoint Energy, Inc		6,242
	1,121,628		Centrica plc		5,590
	861		Chesapeake Utilities Corp		36
	333,075		Cleco Corp		16,038
	1,080,500		CLP Holdings Ltd		8,679
	455,602		Consolidated Edison, Inc		25,814
	200,987		Duke Energy Corp		15,028
	28,688		Enel Green Power S.p.A		73
	714,259	e	Energias de Portugal S.A.		3,115
	3,046,709		Hong Kong & China Gas Ltd		6,608
	1,162,422		Iberdrola S.A.		8,309
	7,771		Integrys Energy Group, Inc		504
	14,435		MDU Resources Group, Inc		401
	93,713		MGE Energy, Inc		3,492
	1,088,320		National Grid plc		15,644
	11,280		New Jersey Resources Corp		570
	443,338		NextEra Energy, Inc		41,621
	479,656		NiSource, Inc		19,656
	334,247		Northeast Utilities		14,807
	1,420	e	Ormat Technologies, Inc		37
	51,000		Osaka Gas Co Ltd		205
	732,871		Pepco Holdings, Inc		19,612
	198,229		Piedmont Natural Gas Co, Inc		6,647
	31,789		Public Service Enterprise Group, Inc		1,184
	455,571		Scottish & Southern Energy plc		11,408
	253,916		Sempra Energy		26,758
	27,089		SJW Corp		728
	533,038		Snam Rete Gas S.p.A.		2,943
	46,662		South Jersey Industries, Inc		2,490
	50,626		Suez Environnement S.A.		856
	90,839		TECO Energy, Inc		1,579
	658,790		Tokyo Gas Co Ltd		3,702
	16,785		UGI Corp		572
	1,494		Unitil Corp		46
	27,296		WGL Holdings, Inc		1,150
	46,752	e	Wisconsin Energy Corp		2,010

387

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY					VALUE (000)
	107,597		Xcel Energy, Inc					$	3,271
			TOTAL UTILITIES						281,068
			TOTAL COMMON STOCKS						8,381,759
			(Cost $5,497,599)
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	233,115	*,e	Federal Home Loan Mortgage Corp						2,401
	740,991	*	Federal National Mortgage Association						6,817
	14,500	*,e	M&T Bank Corp						14,573
			TOTAL BANKS						23,791
			TOTAL PREFERRED STOCKS						23,791
			(Cost $38,865)
RIGHTS / WARRANTS - 0.0%
BANKS - 0.0%
	1,672,842		Banco Bilbao Vizcaya Argentaria S.A.						167
			TOTAL BANKS						167
			TOTAL RIGHTS / WARRANTS						167
			(Cost $170)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 8.7%
GOVERNMENT AGENCY DEBT - 0.4%
$	3,400,000		Federal Home Loan Bank (FHLB)		0.080	%	10/08/14		3,400
	50,000,000	w	FHLB		0.103		01/21/15		49,997
			TOTAL GOVERNMENT AGENCY DEBT						53,397
TREASURY DEBT - 5.3%
	14,300,000	w	United States Treasury Bill		0.046		11/20/14		14,299
	39,000,000	w	United States Treasury Bill		0.050		01/15/15		38,998
	150,500,000	w	United States Treasury Bill		0.060-0.097		04/02/15		150,468
	108,200,000	w	United States Treasury Bill		0.090-0.100		04/30/15		108,176
	176,700,000	w	United States Treasury Bill		0.081-0.096		05/28/15		176,656
	36,400,000	w	United States Treasury Bill		0.090-0.096		06/25/15		36,387
	75,000,000	w	United States Treasury Bill		0.073-0.103		07/23/15		74,966
	65,000,000	w	United States Treasury Bill		0.083-0.106		08/20/15		64,956
	80,000,000		United States Treasury Bill		0.093-0.113		09/17/15		79,924
			TOTAL TREASURY DEBT						744,830
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 3.0%
GOVERNMENT AGENCY DEBT - 0.6%
	26,900,000		Federal Home Loan Bank (FHLB)		7.000		10/10/14		26,898
	22,610,000		FHLB		8.000		12/05/14		22,608
	15,000,000		FHLB		3.000		12/19/14		14,999
	12,000,000		Federal Home Loan Mortgage Corp (FHLMC)		6.500		11/20/14		11,999

388

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE (000)
$	18,000,000	Federal National Mortgage Assocation (FNMA)		6.500	%	12/15/14	$	17,998
		TOTAL GOVERNMENT AGENCY DEBT						94,502
TREASURY DEBT - 2.4%
	15,000,000	United States Treasury Bill		0.030		12/04/14		14,999
	5,000,000	United States Treasury Bill		0.095		01/08/15		5,000
	30,000,000	United States Treasury Bill		0.061-0.101		02/05/15		29,997
	30,800,000	United States Treasury Bill		0.080-0.110		03/05/15		30,793
	15,000,000	United States Treasury Bill		0.040		03/12/15		14,997
	18,000,000	United States Treasury Bill		0.030		03/26/15		17,997
	9,000,000	United States Treasury Bill		0.090		05/28/15		8,997
	62,000,000	United States Treasury Bill		0.090-0.101		06/25/15		61,970
	77,000,000	United States Treasury Bill		0.080-0.108		07/23/15		76,948
	35,000,000	United States Treasury Bill		0.088-0.099		08/20/15		34,969
	44,000,000	United States Treasury Bill		0.090-0.093		09/17/15		43,961
		TOTAL TREASURY DEBT						340,628
		TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						435,130
		TOTAL SHORT-TERM INVESTMENTS						1,233,357
		(Cost $1,233,125)
		TOTAL INVESTMENTS - 107.3%						15,197,527
		(Cost $12,241,523)
		OTHER ASSETS & LIABILITIES, NET - (7.3)%						(1,029,746	)
		NET ASSETS - 100.0%					$	14,167,781

	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 $427,254,000.
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 09/30/14 the aggregate value of these securities was $581,221,000, or 4.1% 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.

389

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

COLLEGE RETIREMENT EQUITIES FUND

MONEY MARKET ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2014

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
SHORT-TERM INVESTMENTS - 100.0%
ASSET BACKED - 1.0%
$	21,000,000		GE Equipment Midticket LLC	0.200	%	09/22/15	$	21,000
	9,806,353		Honda Auto Receivables Owner Trust	0.180		05/18/15		9,806
	13,049,645		Honda Auto Receivables Owner Trust	0.190		08/17/15		13,050
	6,095,147		Hyundai Auto Receivables Trust	0.180		05/15/15		6,095
	45,000,000		John Deere Owner Trust	0.210		09/24/15		45,000
	8,644,806		Nissan Auto Lease Trust	0.180		06/15/15		8,645
	9,771,952		Volkswagen Auto Loan Enhanced Trust	0.190		05/20/15		9,772
			TOTAL ASSET BACKED					113,368
CERTIFICATE OF DEPOSIT - 4.6%
	25,000,000		Banco Del Estado De Chile	0.190		11/07/14		25,000
	50,000,000		Banco Del Estado De Chile	0.190		12/09/14		50,000
	25,000,000		Banco Del Estado De Chile	0.200		01/06/15		25,000
	50,000,000		Banco Del Estado De Chile	0.200		01/07/15		50,000
	25,000,000		Bank of Montreal	0.110		10/28/14		25,000
	25,000,000		Bank of Nova Scotia	0.130		10/08/14		25,000
	24,000,000		Bank of Nova Scotia	0.130		10/09/14		24,000
	25,000,000		Bank of Nova Scotia	0.120		10/21/14		25,000
	50,000,000		Bank of Nova Scotia	0.160		11/06/14		50,000
	25,000,000		Bank of Nova Scotia	0.160		11/19/14		25,000
	50,000,000		Korea Development Bank	0.215		10/29/14		50,000
	30,000,000		Korea Development Bank	0.205		11/03/14		30,000
	50,000,000		Toronto-Dominion Bank	0.160		10/02/14		50,000
	50,000,000		Toronto-Dominion Bank	0.130		11/03/14		50,000
	33,100,000		Wells Fargo Bank NA	0.140		10/06/14		33,100
			TOTAL CERTIFICATE OF DEPOSIT					537,100
COMMERCIAL PAPER - 40.9%
	24,550,000		American Honda Finance Corp	0.110-0.115		10/08/14		24,549
	40,000,000		American Honda Finance Corp	0.110		10/09/14		39,999
	45,165,000		American Honda Finance Corp	0.115-0.120		11/13/14		45,159
	90,000,000		American Honda Finance Corp	0.090-0.105		11/25/14		89,986
	15,000,000	y	Apple, Inc	0.090		11/17/14		14,998
	50,000,000	y	Apple, Inc	0.100		12/02/14		49,991
	2,100,000	y	Apple, Inc	0.110		12/15/14		2,100
	40,000,000	y	Apple, Inc	0.095		12/19/14		39,992
	28,000,000	y	Australia & New Zealand Banking Group Ltd	0.170		10/07/14		27,999
	20,000,000	y	Bank of Nova Scotia	0.120		12/24/14		19,994
	5,490,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.090		10/06/14		5,490
	20,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.130		10/16/14		19,999
	13,390,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.120		10/21/14		13,389
	25,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.155		10/23/14		24,998
	10,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd	0.180		11/21/14		9,997

390

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	33,000,000	y	Bedford Row Funding Corp	0.240-0.260	%	11/03/14	$	32,992
	34,100,000	y	Bedford Row Funding Corp	0.150		11/05/14		34,095
	20,000,000	y	Bedford Row Funding Corp	0.150		11/25/14		19,995
	3,150,000	y	Bedford Row Funding Corp	0.230		12/17/14		3,149
	29,050,000	y	Bedford Row Funding Corp	0.190		01/05/15		29,035
	15,000,000	y	Bedford Row Funding Corp	0.210		01/26/15		14,990
	20,000,000	y	Coca-Cola Co	0.120		10/03/14		20,000
	28,928,000	y	Coca-Cola Co	0.110		10/15/14		28,927
	42,350,000	y	Coca-Cola Co	0.110		10/21/14		42,347
	5,000,000	y	Coca-Cola Co	0.090		10/22/14		5,000
	11,010,000	y	Coca-Cola Co	0.140		10/30/14		11,009
	9,000,000	y	Coca-Cola Co	0.125		10/31/14		8,999
	21,250,000	y	Coca-Cola Co	0.110		11/21/14		21,247
	40,600,000	y	Coca-Cola Co	0.085-0.105		12/04/14		40,593
	32,080,000	y	Commonwealth Bank of Australia	0.140-0.160		12/16/14		32,070
	3,835,000	y	DBS Bank Ltd	0.245		11/21/14		3,834
	50,000,000		Exxon Mobil Corp	0.060		10/16/14		49,998
	40,000,000		Exxon Mobil Corp	0.070		10/17/14		39,999
	26,400,000		Exxon Mobil Corp	0.075		10/20/14		26,399
	23,815,000	y	Fairway Finance LLC	0.140		10/09/14		23,814
	3,070,000	y	Fairway Finance LLC	0.150		10/20/14		3,070
	30,000,000	y	Fairway Finance LLC	0.150-0.155		11/04/14		29,996
	56,492,000	y	Fairway Finance LLC	0.140-0.150		11/05/14		56,484
	44,000,000	y	Fairway Finance LLC	0.140		11/18/14		43,992
	31,665,000		General Electric Capital Corp	0.120		10/03/14		31,665
	25,000,000		General Electric Capital Corp	0.100		10/24/14		24,998
	30,000,000		General Electric Capital Corp	0.150		12/16/14		29,990
	25,000,000		General Electric Capital Corp	0.120		12/18/14		24,994
	20,000,000		General Electric Capital Corp	0.120		12/22/14		19,995
	50,000,000		General Electric Capital Corp	0.130		12/23/14		49,985
	30,000,000		General Electric Capital Corp	0.130		12/30/14		29,990
	60,000,000		General Electric Co	0.070-0.080		12/02/14		59,992
	30,000,000		General Electric Co	0.090		12/29/14		29,993
	9,000,000	y	Hydro-Quebec	0.095		10/09/14		9,000
	14,275,000	y	Hydro-Quebec	0.100		10/15/14		14,274
	30,640,000	y	Hydro-Quebec	0.100		11/03/14		30,637
	30,000,000	y	Hydro-Quebec	0.100		11/10/14		29,997
	2,000,000	y	Hydro-Quebec	0.070		12/11/14		2,000
	20,000,000	y	International Business Machines Corp	0.090		10/01/14		20,000
	30,000,000	y	International Business Machines Corp	0.105		12/04/14		29,994
	94,075,000	y	International Business Machines Corp	0.105-0.113		12/08/14		94,056
	50,000,000	y	International Business Machines Corp	0.105		12/11/14		49,990
	7,500,000	y	International Business Machines Corp	0.100		12/12/14		7,499
	17,085,000	y	International Business Machines Corp	0.105		12/17/14		17,081
	40,000,000	y	International Business Machines Corp	0.110		12/18/14		39,990
	25,000,000	y	International Business Machines Corp	0.100		12/23/14		24,994
	25,500,000		Korea Development Bank	0.205		10/14/14		25,498
	24,735,000		Korea Development Bank	0.190		11/04/14		24,731
	17,000,000		Korea Development Bank	0.205		11/21/14		16,995
	50,000,000	y	Liberty Street Funding LLC	0.170		10/24/14		49,995
	20,000,000	y	Liberty Street Funding LLC	0.160		10/28/14		19,998
	35,000,000	y	Liberty Street Funding LLC	0.150		11/03/14		34,995
	40,000,000	y	Merck & Co, Inc	0.080		10/02/14		40,000

391

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	40,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.165	%	10/07/14	$	39,999
	16,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.175		10/16/14		15,999
	10,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.165		10/20/14		9,999
	7,800,000	y	Mitsubishi UFJ Trust & Banking Corp	0.185		10/21/14		7,799
	20,485,000	y	Mitsubishi UFJ Trust & Banking Corp	0.185		11/04/14		20,481
	30,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.165		11/07/14		29,995
	20,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.200		11/19/14		19,995
	17,000,000	y	Mitsubishi UFJ Trust & Banking Corp	0.200		12/01/14		16,994
	56,265,000	y	National Australia Funding Delaware, Inc	0.125-0.135		10/01/14		56,265
	25,000,000	y	National Australia Funding Delaware, Inc	0.155		11/04/14		24,996
	20,000,000	y	National Australia Funding Delaware, Inc	0.160		11/06/14		19,997
	25,000,000	y	National Australia Funding Delaware, Inc	0.160		11/10/14		24,996
	50,000,000	y	National Australia Funding Delaware, Inc	0.160		11/19/14		49,989
	25,000,000	y	National Australia Funding Delaware, Inc	0.155		12/01/14		24,993
	25,000,000	y	National Australia Funding Delaware, Inc	0.100		12/05/14		24,996
	30,000,000	y	Nestle Capital Corp	0.105		11/05/14		29,997
	50,000,000	y	Nestle Capital Corp	0.090		11/17/14		49,994
	50,000,000	y	Nestle Capital Corp	0.100		11/20/14		49,993
	50,000,000	y	Nestle Capital Corp	0.095		11/21/14		49,993
	25,000,000	y	Nestle Capital Corp	0.090		11/24/14		24,997
	50,000,000	y	Nestle Capital Corp	0.095		12/10/14		49,991
	20,000,000	y	Nestle Capital Corp	0.150		02/23/15		19,988
	16,975,000	y	Old Line Funding LLC	0.170		10/01/14		16,975
	8,120,000	y	Old Line Funding LLC	0.170		10/20/14		8,119
	41,550,000	y	Old Line Funding LLC	0.180		10/22/14		41,546
	25,000,000	y	Old Line Funding LLC	0.170		11/20/14		24,994
	3,056,000		PACCAR Financial Corp	0.090		10/01/14		3,056
	2,975,000		PACCAR Financial Corp	0.090		10/09/14		2,975
	13,000,000		PACCAR Financial Corp	0.110		10/10/14		13,000
	5,100,000		PACCAR Financial Corp	0.085		10/14/14		5,100
	5,100,000		PACCAR Financial Corp	0.110		10/28/14		5,100
	6,100,000		PACCAR Financial Corp	0.090		11/04/14		6,099
	6,200,000		PACCAR Financial Corp	0.125		11/20/14		6,199
	28,850,000		PACCAR Financial Corp	0.110		12/04/14		28,844
	10,000,000		PACCAR Financial Corp	0.130		12/12/14		9,997
	25,000,000	y	Procter & Gamble Co	0.090		10/06/14		25,000
	19,000,000	y	Procter & Gamble Co	0.090		10/07/14		19,000
	25,000,000	y	Procter & Gamble Co	0.100		10/21/14		24,998
	68,000,000	y	Procter & Gamble Co	0.100		10/28/14		67,995
	20,000,000	y	Procter & Gamble Co	0.100		11/03/14		19,998
	25,000,000	y	Procter & Gamble Co	0.110		11/10/14		24,997
	35,000,000	y	Procter & Gamble Co	0.120-0.125		11/12/14		34,995
	5,000,000		Province of Ontario Canada	0.100		10/01/14		5,000
	56,066,000		Province of Ontario Canada	0.095-0.100		10/09/14		56,065
	47,553,000		Province of Ontario Canada	0.070-0.105		10/16/14		47,551
	4,555,000		Province of Ontario Canada	0.050		10/24/14		4,555
	20,304,000		Province of Ontario Canada	0.050-0.065		10/27/14		20,303
	22,121,000		Province of Ontario Canada	0.103		10/28/14		22,119
	20,000,000		Province of Ontario Canada	0.102		11/06/14		19,998
	50,000,000		Province of Ontario Canada	0.100		11/07/14		49,995
	23,100,000		Province of Ontario Canada	0.070		11/18/14		23,098
	4,024,000		Province of Ontario Canada	0.100		11/20/14		4,024
	25,000,000	y	Province of Quebec Canada	0.095		10/06/14		25,000

392

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	4,000,000	y	Province of Quebec Canada	0.100	%	10/07/14	$	4,000
	50,000,000	y	Province of Quebec Canada	0.090		10/23/14		49,997
	10,000,000	y	Province of Quebec Canada	0.090		11/10/14		9,999
	20,000,000	y	Province of Quebec Canada	0.085		11/14/14		19,998
	30,000,000	y	Province of Quebec Canada	0.080		11/25/14		29,996
	25,000,000	y	Province of Quebec Canada	0.080		12/11/14		24,996
	19,580,000	y	Province of Quebec Canada	0.100		12/22/14		19,576
	25,000,000	y	Province of Quebec Canada	0.080		12/29/14		24,995
	25,000,000	y	Province of Quebec Canada	0.070		01/06/15		24,995
	37,000,000	y	PSP Capital, Inc	0.140-0.145		10/08/14		36,999
	24,597,000	y	PSP Capital, Inc	0.150		10/14/14		24,596
	10,800,000	y	PSP Capital, Inc	0.160		10/15/14		10,799
	10,000,000	y	PSP Capital, Inc	0.130		10/20/14		9,999
	32,000,000	y	PSP Capital, Inc	0.110		10/23/14		31,998
	20,000,000	y	PSP Capital, Inc	0.150		11/12/14		19,996
	30,000,000	y	PSP Capital, Inc	0.130		11/17/14		29,995
	20,000,000	y	PSP Capital, Inc	0.150		11/18/14		19,996
	15,000,000	y	PSP Capital, Inc	0.160		12/16/14		14,995
	44,000,000	y	PSP Capital, Inc	0.140-0.145		12/22/14		43,986
	50,425,000		Shell International Finance BV	3.100		06/28/15		51,484
	1,975,000	y	Thunder Bay Funding LLC	0.120		10/06/14		1,975
	18,750,000	y	Thunder Bay Funding LLC	0.170		10/20/14		18,748
	20,000,000	y	Thunder Bay Funding LLC	0.160		12/05/14		19,994
	29,300,000	y	Toronto-Dominion Holdings USA, Inc	0.140		10/02/14		29,300
	9,700,000	y	Toronto-Dominion Holdings USA, Inc	0.135		11/13/14		9,699
	25,000,000	y	Toronto-Dominion Holdings USA, Inc	0.140		11/17/14		24,995
	90,000,000	y	Toronto-Dominion Holdings USA, Inc	0.145-0.150		11/18/14		89,982
	25,000,000	y	Toronto-Dominion Holdings USA, Inc	0.075		11/24/14		24,997
	30,000,000	y	Toronto-Dominion Holdings USA, Inc	0.170		01/05/15		29,986
	25,000,000		Toyota Motor Credit Corp	0.100		10/06/14		25,000
	25,000,000		Toyota Motor Credit Corp	0.110		10/21/14		24,998
	50,000,000		Toyota Motor Credit Corp	0.120		10/28/14		49,995
	15,000,000		Toyota Motor Credit Corp	0.110		10/30/14		14,999
	50,000,000		Toyota Motor Credit Corp	0.140		11/13/14		49,992
	25,000,000		Toyota Motor Credit Corp	0.130		11/18/14		24,996
	16,400,000		Toyota Motor Credit Corp	0.130		12/08/14		16,396
	30,000,000		Toyota Motor Credit Corp	0.100		12/09/14		29,994
	50,000,000		Toyota Motor Credit Corp	0.130		12/19/14		49,986
	25,000,000	y	Unilever Capital Corp	0.070		10/06/14		25,000
	50,000,000	y	Unilever NV	0.110		10/08/14		49,999
	12,000,000	y	United Overseas Bank Ltd	0.200		10/10/14		11,999
	60,000,000	y	United Overseas Bank Ltd	0.212-0.240		10/14/14		59,995
	15,000,000	y	United Overseas Bank Ltd	0.170		11/12/14		14,997
	3,500,000	y	United Overseas Bank Ltd	0.220		11/26/14		3,499
	15,600,000	y	United Overseas Bank Ltd	0.170		12/01/14		15,595
	55,000,000	y	United Overseas Bank Ltd	0.185-0.190		12/08/14		54,981
	360,000	y	United Overseas Bank Ltd	0.240		03/13/15		360
	5,000,000	y	Wal-Mart Stores, Inc	0.070		10/06/14		5,000
	77,000,000	y	Wal-Mart Stores, Inc	0.090		10/07/14		76,999
	40,000,000	y	Wal-Mart Stores, Inc	0.050		10/08/14		40,000
	40,000,000	y	Wal-Mart Stores, Inc	0.080		10/27/14		39,998
	51,745,000	y	Wal-Mart Stores, Inc	0.060-0.100		10/30/14		51,741
	1,180,000	y	Westpac Banking Corp	0.200		01/02/15		1,179
			TOTAL COMMERCIAL PAPER					4,753,910

393

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

					MATURITY	VALUE
PRINCIPAL		ISSUER	RATE		DATE	(000)
GOVERNMENT AGENCY DEBT - 28.7%
$	20,000,000	Federal Farm Credit Bank (FFCB)	0.050	%	10/02/14	$	20,000
	50,000,000	FFCB	0.070		10/22/14		49,998
	15,000,000	Federal Home Loan Bank (FHLB)	0.075		10/01/14		15,000
	123,155,000	FHLB	0.070-0.085		10/03/14		123,154
	23,310,000	FHLB	0.060-0.077		10/08/14		23,310
	98,145,000	FHLB	0.077		10/10/14		98,143
	37,741,000	FHLB	0.050-0.080		10/15/14		37,740
	129,460,000	FHLB	0.025-0.088		10/17/14		129,456
	33,120,000	FHLB	0.055-0.090		10/20/14		33,119
	115,270,000	FHLB	0.045-0.085		10/22/14		115,266
	98,811,000	FHLB	0.020-0.085		10/24/14		98,806
	109,316,000	FHLB	0.080-0.090		10/29/14		109,309
	16,000,000	FHLB	0.060		10/30/14		15,999
	33,195,000	FHLB	0.040-0.085		10/31/14		33,193
	96,550,000	FHLB	0.062-0.085		11/05/14		96,542
	82,100,000	FHLB	0.070-0.083		11/07/14		82,094
	87,145,000	FHLB	0.020-0.083		11/12/14		87,138
	189,080,000	FHLB	0.020-0.080		11/14/14		189,067
	45,675,000	FHLB	0.037-0.045		11/17/14		45,673
	86,360,000	FHLB	0.045-0.072		11/19/14		86,353
	97,200,000	FHLB	0.020-0.072		11/21/14		97,193
	4,015,000	FHLB	0.020		11/24/14		4,015
	100,000,000	FHLB	0.020-0.070		11/26/14		99,991
	37,500,000	FHLB	0.022-0.095		11/28/14		37,498
	176,100,000	FHLB	0.065-0.074		12/03/14		176,078
	140,000,000	FHLB	0.072-0.073		12/05/14		139,982
	36,935,000	FHLB	0.035-0.061		12/10/14		36,931
	50,000,000	FHLB	0.020		12/11/14		49,998
	71,710,000	FHLB	0.025-0.060		12/12/14		71,705
	35,685,000	FHLB	0.073		12/16/14		35,680
	88,940,000	FHLB	0.025-0.056		12/17/14		88,931
	57,483,000	FHLB	0.035-0.040		12/19/14		57,479
	18,000,000	FHLB	0.025-0.050		12/23/14		17,998
	72,040,000	FHLB	0.030-0.070		12/24/14		72,034
	5,920,000	FHLB	0.040		01/07/15		5,919
	24,725,000	FHLB	0.025		01/09/15		24,723
	34,560,000	FHLB	0.100		01/14/15		34,550
	50,000,000	FHLB	0.100		01/21/15		49,984
	8,945,000	FHLB	0.100		01/28/15		8,942
	17,410,000	Federal Home Loan Mortgage Corp (FHLMC)	0.030		10/14/14		17,410
	2,400,000	FHLMC	0.075		10/15/14		2,400
	6,300,000	FHLMC	0.070		10/16/14		6,300
	23,200,000	FHLMC	0.070-0.075		10/20/14		23,199
	20,500,000	FHLMC	0.067-0.070		10/23/14		20,499
	6,004,000	FHLMC	0.020-0.072		10/24/14		6,004
	2,112,000	FHLMC	0.070		10/27/14		2,112
	25,000,000	FHLMC	0.070		11/03/14		24,998
	2,300,000	FHLMC	0.060		11/05/14		2,300
	12,000,000	FHLMC	0.065		11/10/14		11,999
	30,000,000	FHLMC	0.065		11/12/14		29,998

394

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

					MATURITY	VALUE
PRINCIPAL		ISSUER	RATE		DATE	(000)
$	40,000,000	FHLMC	0.068	%	11/20/14	$	39,996
	49,048,000	FHLMC	0.060-0.067		11/24/14		49,043
	4,134,000	FHLMC	0.067		11/26/14		4,134
	20,000,000	FHLMC	0.025		12/04/14		19,999
	8,000,000	FHLMC	0.055		12/08/14		7,999
	3,100,000	FHLMC	0.035		12/11/14		3,100
	16,786,000	FHLMC	0.025-0.078		12/15/14		16,784
	19,891,000	FHLMC	0.030-0.083		12/22/14		19,889
	6,300,000	FHLMC	0.073		12/29/14		6,299
	3,910,000	FHLMC	0.100		01/16/15		3,909
	8,334,000	FHLMC	0.095		02/02/15		8,331
	9,195,000	FHLMC	0.105		02/10/15		9,191
	355,000	FHLMC	0.090		02/13/15		355
	69,200,000	Federal National Mortgage Association (FNMA)	0.065-0.075		10/01/14		69,200
	5,485,000	FNMA	0.075		10/02/14		5,485
	42,430,000	FNMA	0.070-0.073		10/06/14		42,430
	11,190,000	FNMA	0.060-0.070		10/14/14		11,190
	15,700,000	FNMA	0.070		10/15/14		15,700
	5,021,000	FNMA	0.073		10/28/14		5,021
	21,875,000	FNMA	0.075		10/29/14		21,874
	10,000,000	FNMA	0.085		11/03/14		9,999
	75,000,000	FNMA	0.045-0.053		11/04/14		74,996
	11,500,000	FNMA	0.065		11/05/14		11,499
	13,506,000	FNMA	0.061-0.063		11/12/14		13,505
	10,000,000	FNMA	0.040-0.060		11/17/14		9,999
	30,470,000	FNMA	0.073		11/26/14		30,467
	4,790,000	FNMA	0.035-0.070		12/03/14		4,789
	14,510,000	FNMA	0.085		12/10/14		14,508
	24,600,000	FNMA	0.030-0.080		12/15/14		24,597
	2,700,000	FNMA	0.075		12/24/14		2,699
	25,000,000	FNMA	0.070		01/05/15		24,995
	12,280,000	FNMA	0.090		01/07/15		12,277
		TOTAL GOVERNMENT AGENCY DEBT					3,340,469
TREASURY DEBT - 14.3%
	30,000,000	United States Treasury Bill	0.028-0.030		10/02/14		30,000
	20,000,000	United States Treasury Bill	0.035		10/09/14		20,000
	21,625,000	United States Treasury Bill	0.022-0.037		10/16/14		21,625
	20,100,000	United States Treasury Bill	0.030		10/30/14		20,100
	70,000,000	United States Treasury Bill	0.031-0.033		11/06/14		69,998
	67,440,000	United States Treasury Bill	0.034-0.096		11/13/14		67,435
	43,905,000	United States Treasury Bill	0.026-0.030		11/20/14		43,903
	29,965,000	United States Treasury Bill	0.028-0.031		11/28/14		29,964
	59,690,000	United States Treasury Bill	0.023-0.040		12/04/14		59,687
	12,745,000	United States Treasury Bill	0.062-0.133		12/11/14		12,742
	10,000,000	United States Treasury Bill	0.039		12/18/14		9,999
	40,000,000	United States Treasury Bill	0.015-0.050		12/26/14		39,996
	40,000,000	United States Treasury Bill	0.035-0.044		01/02/15		39,996
	23,875,000	United States Treasury Bill	0.030-0.110		01/08/15		23,873
	6,880,000	United States Treasury Bill	0.031		01/22/15		6,879
	45,000,000	United States Treasury Bill	0.020-0.040		01/29/15		44,995
	20,000,000	United States Treasury Bill	0.044		02/05/15		19,997
	32,975,000	United States Treasury Bill	0.039-0.046		02/12/15		32,969

395

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	28,800,000		United States Treasury Bill	0.035-0.044	%	02/19/15	$	28,795
	66,575,000		United States Treasury Bill	0.026-0.044		03/12/15		66,565
	40,000,000		United States Treasury Bill	0.030-0.031		03/26/15		39,994
	70,000,000		United States Treasury Note	0.500		10/15/14		70,012
	100,000,000		United States Treasury Note	0.250		10/31/14		100,013
	100,355,000		United States Treasury Note	0.250		11/30/14		100,378
	91,010,000		United States Treasury Note	0.250		12/15/14		91,032
	50,000,000		United States Treasury Note	0.125		12/31/14		50,007
	100,000,000		United States Treasury Note	0.250		01/15/15		100,030
	22,300,000		United States Treasury Note	0.250		01/31/15		22,317
	30,000,000		United States Treasury Note	0.250		03/31/15		30,023
	10,000,000		United States Treasury Note	0.375		04/15/15		10,018
	57,435,000		United States Treasury Note	0.125		04/30/15		57,446
	10,000,000		United States Treasury Note	0.250		05/15/15		10,009
	50,000,000		United States Treasury Note	0.375		06/15/15		50,088
	140,000,000		United States Treasury Note	0.250		07/15/15		140,125
	35,070,000		United States Treasury Note	0.375		08/31/15		35,146
	60,300,000		United States Treasury Note	0.250		09/30/15		60,365
	11,660,000		United States Treasury Note	0.250		10/15/15		11,674
			TOTAL TREASURY DEBT					1,668,195
VARIABLE RATE SECURITIES - 10.5%
	20,000,000	i	Federal Farm Credit Bank (FFCB)	0.140		10/01/14		19,988
	45,000,000	i	FFCB	0.170		10/01/14		44,984
	70,000,000	i	FFCB	0.200		10/01/14		70,000
	60,100,000	i	FFCB	0.250		10/01/14		60,157
	36,000,000	i	FFCB	0.280		10/01/14		36,058
	50,000,000	i	FFCB	0.145		10/07/14		49,994
	23,750,000	i	FFCB	0.280		10/14/14		23,750
	50,000,000	i	FFCB	0.124		10/21/14		49,988
	70,000,000	i	FFCB	0.120		10/27/14		70,000
	75,000,000	i	FFCB	0.240		10/27/14		74,999
	50,000,000	i	FFCB	0.115		12/12/14		50,000
	10,000,000	i	FFCB	0.250		01/20/15		10,004
	42,000,000	i	FFCB	0.095		03/05/15		41,992
	35,000,000	i	FFCB	0.150		04/01/15		35,002
	95,000,000	i	FFCB	0.180		04/13/15		95,000
	94,500,000	i	FFCB	0.180		05/27/15		94,494
	54,500,000	i	FFCB	0.200		08/10/15		54,512
	50,000,000	i	FFCB	0.185		09/09/15		50,000
	45,000,000	i	FFCB	0.250		09/21/15		45,029
	65,000,000	i	FFCB	0.140		10/01/15		64,993
	40,000,000	i	Federal Home Loan Bank (FHLB)	0.114		10/27/14		39,997
	20,000,000	i	FHLB	0.220		08/14/15		20,006
	50,000,000	i	FHLB	0.200		08/19/15		50,000
	21,497,000	i	Federal National Mortgage Association (FNMA)	0.174		10/15/14		21,509
	50,000,000	i	Wells Fargo Bank NA	0.240		03/11/15		50,000
			TOTAL VARIABLE RATE SECURITIES					1,222,456
			TOTAL SHORT-TERM INVESTMENTS					11,635,498
			(Cost $11,635,498)

396

COLLEGE RETIREMENT EQUITIES FUND - Money Market Account

				MATURITY	VALUE
PRINCIPAL		ISSUER	RATE	DATE	(000)
		TOTAL INVESTMENTS - 100.0%			$	11,635,498
		(Cost $11,635,498)
		OTHER ASSETS & LIABILITIES, NET - 0.0%				3,923
		NET ASSETS - 100.0%			$	11,639,421
	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 09/30/14, the aggregate value of these securities was $3,324,204,000, or 28.6% of net assets.
		Cost amounts are in thousands.

397

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 schedule 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: Security 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,

398

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

the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A description of the valuation techniques applied to the 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 utilized 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 are 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.

399

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

Transfers between levels are recognized at the end of the reporting period. For the period ended September 30, 2014, there were no material transfers between levels by the Accounts.

As of September 30, 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 September 30, 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	$	11,338,274		$	4,670,582	$	54	$	16,008,910
Consumer staples		6,549,149			3,115,615		812		9,665,576
Energy		8,223,973			2,923,872		3		11,147,848
Financials		14,658,020			9,437,022		1,753		24,096,795
Health care		12,272,843			3,190,610		1,067		15,464,520
Industrials		9,652,921			4,609,907		4,114		14,266,942
Information technology		16,910,144			2,829,061		535		19,739,740
Materials		3,250,640			3,009,990		1,016		6,261,646
Telecommunication services		1,940,719			1,532,725		497		3,473,941
Utilities		2,310,190			1,241,832		357		3,552,379
Corporate bonds		-			18		499		517
Government bonds		-			288		-		288
Equity-linked notes		3,388			-		-		3,388
Purchased options **		9			-		-		9
Written options**		(8	)		-		-		(8	)
Short-term investments		-			6,006,134		-		6,006,134
Futures**		128			-		-		128
Total	$	87,110,390		$	42,567,656	$	10,707	$	129,688,753
Global Equities
Equity investments:
Asia	$	-		$	1,648,559	$	-	$	1,648,559
Australasia		-			365,759		-		365,759
Europe		152,023			3,655,156		-		3,807,179
North America		10,528,312			730,760		-		11,259,072
All other equity investments*		157,448			1,701,938		2		1,859,388
Short-term investments		-			661,845		-		661,845
Futures**		(543	)		-		-		(543	)
Total	$	10,837,240		$	8,764,017	$	2	$	19,601,259
Growth
Equity investments:
Consumer discretionary	$	3,848,489		$	131,049	$	-	$	3,979,538
Consumer staples		1,416,161			49,957		-		1,466,118
Financials		1,466,459			14,131		-		1,480,590
Health care		2,992,971			86,890		-		3,079,861
Industrials		2,147,739			29,333		-		2,177,072
Information technology		6,018,092			57,651		-		6,075,743
Materials		713,031			7,313		-		720,344
Telecommunication services		191,616			64,778		-		256,394
All other equity investments *		863,348			-		-		863,348
Short-term investments		371,453			145,152		-		516,605
Futures**		(698	)		-		-		(698	)
Total	$	20,028,661		$	586,254	$	-	$	20,614,915

400

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

Account	Level 1		Level 2		Level 3		Total
Equity Index
Equity investments:
Health care	$	2,221,917	$	-	$	82	$	2,221,999
Telecommunication services		362,553		-		118		362,671
All other equity investments *		13,817,313		-		-		13,817,313
Short-term investments		564,567		-		-		564,567
Total	$	16,966,350	$	-	$	200	$	16,966,550
Bond Market
Bank loan obligations	$	-	$	115,300	$	-	$	115,300
Corporate bonds		-		4,358,885		-		4,358,885
Government bonds		-		6,544,023		-		6,544,023
Structured assets		-		1,991,738		3,430		1,995,168
Preferred Stocks		18,896		-		-		18,896
Short-term investments		-		2,061,987		-		2,061,987
Total	$	18,896	$	15,071,933	$	3,430	$	15,094,259
Social Choice
Equity investments:
Consumer discretionary	$	838,349	$	188,702	$	-	$	1,027,051
Consumer staples		466,512		167,351		-		633,863
Energy		598,831		148,652		-		747,483
Financials		1,374,381		487,128		-		1,861,509
Health care		859,051		179,132		-		1,038,183
Industrials		642,873		218,394		-		861,267
Information technology		1,167,533		76,289		-		1,243,822
Materials		316,707		166,726		-		483,433
Telecommunication services		144,098		83,940		-		228,038
Utilities		213,052		68,016		-		281,068
Bank loan obligations		-		31,917		-		31,917
Corporate bonds		-		1,992,743		-		1,992,743
Government bonds		-		3,209,178		-		3,209,178
Structured assets		-		324,615		-		324,615
Short-term investments		-		1,233,357		-		1,233,357
Total	$	6,621,387	$	8,576,140	$	-	$	15,197,527

*	For detailed categories, see accompanying Schedules of investments.
**	Derivative instruments, excluding purchased options, are not reflected in the Schedules 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 are 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.

401

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

At September 30, 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)
Stock	S&P 500 Index E-mini	500	$	49,138	Dec 2014	$	128
Global Equities	S&P 500 Index E-mini	500		49,138	Dec 2014		(543	)
Growth	S&P 500 Index E-mini	750		73,706	Dec 2014		(698	)

Options: Certain Accounts are subject to equity price risk in the normal course of pursuing their investment objectives. The Accounts 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 or 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 and price movements in underlying security values.

The following Account had purchased options outstanding as of September 30, 2014 (dollar amounts are in thousands):

	Number of
	contracts		Value
Stock Account
Apple, Inc, Call, 10/3/14 at $103	50	$	1
Exxon Mobil Corp, Call, 10/18/14 at $99	50		1
Facebook, Inc, Call, 10/3/14 at $79	40		3
Google, Inc, Call, 10/3/14 at $595	10		-
Salix Pharmaceuticals, Ltd, Call, 10/18/14 at $180	12		2
Yahoo, Inc, Call, 10/18/14 at $43	50		2
	212	$	9

Written options outstanding as of September 30, 2014 were as follows (dollar amounts are in thousands):

	Number of
	contracts		Value
Stock Account
Abercrombie & Fitch Co, Call, 10/18/14 at $46	10	$	-
Andarko Petroleum Corp, Call, 10/18/14 at $115	25		(1	)
Apple, Inc, Call, 10/3/14 at $104	50		-
Apple, Inc, Call, 10/3/14 at $105	100		-
Exxon Mobil Corp, Call, 10/18/14 at $100	100		(1	)
Facebook, Inc, Call, 10/3/14 at $80	40		(1	)
Facebook, Inc, Call, 10/3/14 at $81	40		-
Google, Inc, Call, 10/3/14 at $600	20		-
Intuit, Inc, Call, 10/18/14 at $95	20		(1	)
Perrigo Co, Plc, Call, 10/18/14 at $160	10		(1	)
Salix Pharmaceuticals, Ltd, Call, 10/18/14 at $190	24		(1	)
Yahoo, Inc, Call, 10/18/14 at $44.5	100		(2	)
	539	$	(8	)

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 has occurred, 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.

402

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

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 (other than the Money Market Account) 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.

There were no open credit default swap contracts as of September 30, 2014.

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 affiliate 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		September 30, 2014		September 30, 2014
Stock Account
Berry Plastics Group, Inc	$	*	$	84,193	$	4,902	$	496		$	—		7,325,178	$	184,887
Emaar Malls Group PJSC		*		2,279		—		—			—		2,886,352		2,279
Hibernia REIT plc		31,243		—		—		—			—		†		—
Papa Murphy’s Holdings, Inc		*		10,203		27		(8	)		—		1,013,873		10,341
	$	31,243	$	96,675	$	4,929	$	488		$	—			$	197,507
Global Equities Account
Emaar Malls Group PJSC	$	*	$	1,636	$	—	$	—		$	—		2,071,657	$	1,635
Growth Account
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	338,936	$	413,240	$	380,723	$	—		$	—		371,452,588	$	371,453
Equity Index Account
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	536,110	$	193,074	$	164,617	$	—		$	—		564,567,021	$	564,567

* Not an affiliate investment as of December 31, 2013

† Not an affiliate investment as of September 30, 2014

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.

403

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

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.

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.

Net unrealized appreciation (depreciation): At September 30, 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	$	18,851,172	$	(3,413,957	)	$	15,437,215
Global Equities		2,938,496		(419,880	)		2,518,616
Growth		4,399,379		(174,536	)		4,224,843
Equity Index		7,695,697		(483,156	)		7,212,541
Bond Market		251,479		(97,003	)		154,476
Inflation-Linked Bond		458,636		(134,884	)		323,752
Social Choice		3,162,122		(206,118	)		2,956,004

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: November 17, 2014		By:	/s/ Robert G. Leary
			Robert G. Leary
			President and Principal Executive Officer

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

Date: November 17, 2014	By:	/s/ Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer
		(principal executive officer)

Date: November 17, 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