<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>y61046px14a6g.txt
<DESCRIPTION>AMERICAN POWER CONVERSION CORP/CREF
<TEXT>
<PAGE>
                     U.S. Securities and Exchange Commission
                             Washington, D.C. 20449


                          Notice of Exempt Solicitation
                       submitted pursuant to Rule 14a-6(g)


1.       Name of Registrant:

         American Power Conversion Corporation
         -------------------------------------


2.       Name of person relying on exemption:

         College Retirement Equities Fund
         --------------------------------


         Address of person relying on the exemption:

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


3.       Written materials. The following materials are attached:

         Exhibit 1:        Letter from Peter C. Clapman on behalf of Teachers
                           Insurance and Annuity Association - College
                           Retirement Equities Fund


</TEXT>
</DOCUMENT>